Document:

THIS
      NOTE AND THE COMMON SHARES ISSUABLE UPON CONVERSION OF THIS NOTE HAVE NOT BEEN
      REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THIS NOTE AND THE
      COMMON SHARES ISSUABLE UPON CONVERSION OF THIS NOTE MAY NOT BE SOLD, OFFERED
      FOR
      SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
      STATEMENT AS TO THIS NOTE UNDER SAID ACT OR AN OPINION OF COUNSEL REASONABLY
      SATISFACTORY TO INNOVATIVE FOOD HOLDINGS, INC. THAT SUCH REGISTRATION IS NOT
      REQUIRED.

    

    CONVERTIBLE
      NOTE

    

    FOR
      VALUE
      RECEIVED, INNOVATIVE FOOD HOLDINGS, INC., a Florida corporation (hereinafter
      called "Borrower"), hereby promises to pay to NAME,
      (the
      "Holder") or its registered assigns or successors in interest or order, without
      demand, the sum of _____________________________ Dollars ($__________)
      (“Principal Amount”), with simple and unpaid interest thereon, on February ___,
      2007 (the "Maturity Date"), if not sooner paid.

    

    This
      Note
      has been entered into pursuant to the terms of a subscription agreement between
      the Borrower and the Holder, dated of even date herewith (the “Subscription
      Agreement”), and shall be governed by the terms of such Subscription Agreement.
      Unless otherwise separately defined herein, all capitalized terms used in this
      Note shall have the same meaning as is set forth in the Subscription Agreement.
      The following terms shall apply to this Note:

    

    ARTICLE
      I

    

    INTEREST;
      AMORTIZATION

    

    1.1. Interest
      Rate.
      Subject
      to Section 5.7 hereof, interest payable on this Note shall accrue at a rate
      per
      annum (the "Interest Rate") of eight percent (8%). Interest on the Principal
      Amount shall accrue from the date of this Note and shall be payable
      semi-annually, in arrears, six months after the date of this Date and each
      six
      months thereafter and on the Maturity Date, whether by acceleration or
      otherwise.

    

    1.2. Minimum
      Monthly Principal Payments.
      Amortizing payments of the outstanding Principal Amount of this Note shall
      commence on August 1, 2005 and on the first business day of each consecutive
      calendar month thereafter (each a “Repayment Date”) until the Principal Amount
      has been repaid in full, whether by the payment of cash or by the conversion
      of
      such principal into Common Stock pursuant to the terms hereof. Subject to
      Section 2.1 and Article 3 below, on each Repayment Date, the Borrower shall
      make
      payments to the Holder in the amount of one-eighteenth (1/18th)
      of the
      initial Principal Amount (the "Monthly Principal Amount"), together with any
      other amounts, except for regular interest, which are then owing under this
      Note
      that have not been paid
      (the
      Monthly Principal Amount, together with such accrued and unpaid interest and
      such other amounts, collectively, the "Monthly Amount"). Amounts of conversions
      of Principal Amount made by the Holder or Borrower pursuant to Section 2.1
      or
      Article III shall be applied to Monthly Amounts commencing with the Monthly
      Amounts first payable and then Monthly Amounts thereafter in chronological
      order. Any Principal Amount, interest and any other sum arising under the
      Subscription Agreement that remains outstanding on the Maturity Date shall
      be
      due and payable on the Maturity Date.

    

    
      
         

      

      
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    1.3. Default
      Interest Rate.
      Following the occurrence and during the continuance of an Event of Default,
      which, if susceptible to cure is not cured within twenty (20) days, otherwise
      then from the first date of such occurrence, the annual interest rate on this
      Note shall (subject to Section 6.7) automatically be increased to fifteen
      percent (15%), and all outstanding obligations under this Note, including unpaid
      interest, shall continue to accrue interest from the date of such Event of
      Default at such interest rate applicable to such obligations until such Event
      of
      Default is cured or waived. 

    

    ARTICLE
      II

    

    CONVERSION
      REPAYMENT

    

    2.1. (a) Payment
      of Monthly Amount in Cash or Common Stock.
      Subject to Section 3.2 hereof, the Borrower, at the Borrower’s election, shall
      pay the Monthly Amount (i) in cash within three (3) business days after the
      applicable Repayment Date, or (ii) in registered, unlegended, free-trading
      Common Stock at an applied conversion rate equal to eighty-five percent (85%)
      of
      the average of the five (5) closing bid prices of the Common Stock as reported
      by Bloomberg L.P. for the five (5) trading days preceding such Repayment Date.
      Such shares of Common Stock must be delivered to the Holder not later than
      three
      (3) business days of the applicable Repayment Date. Whichever of the Pink
      Sheets, NASD, OTC Bulletin Board, NASDAQ SmallCap Market, NASDAQ National Market
      System, American Stock Exchange, or New York Stock Exchange or such other
      principal market or exchange where the Common Stock is listed or traded is
      the
      principal trading exchange or market for the Common Stock is the Principal
      Market. The Borrower must send notice to the Holder by confirmed telecopier
      not
      later than 3:00 PM, New York City time on each Repayment Date notifying Holder
      of Borrower’s election to pay the Monthly Redemption Amount in cash or stock.
      The Notice must state the amount of cash and or stock to be paid and include
      supporting calculations. Elections by the Borrower must be made to all Holders
      of Notes similar to this Note in proportion to the relative Note principal
      held
      by such Note Holders. If such notice is not timely sent or if the Monthly
      Redemption Amount is not timely delivered, then Holder shall have the right,
      instead of the Company, to elect within five trading days after the later of
      the
      applicable Repayment Date or required delivery date, as the case may be, whether
      to be paid in cash or Common Stock. Such Holder’s election shall not be
      construed to be a waiver of any default by Borrower relating to non-timely
      compliance by Borrower with any of its obligations under this Note.

    

    (b) Application
      of Conversion Amounts.
      Any
      amounts paid or converted by the Borrower pursuant to Section 2.1(b) shall
      be
      deemed to constitute payments of and applied (i) first, against outstanding
      fees, (ii) second, against accrued interest on the Principal Amount, and (iii)
      third, against the Principal Amount.

    

    2.2. No
      Effective Registration.
      Notwithstanding anything to the contrary herein, no amount payable hereunder
      may
      be
      paid in
      shares
      of Common
      Stock by
      the Borrower without the Holder’s consent unless (a) either (i) an effective
      current Registration Statement covering the shares of Common Stock to be issued
      in satisfaction of such obligations exists, or (ii) an exemption from
      registration of the Common Stock is available pursuant to Rule 144(k) of the
      Securities Act, and (b) no Event of Default hereunder exists and is continuing,
      unless such Event of Default is cured within any applicable cure period or
      is
      otherwise waived in writing by the Holder in whole or in part at the Holder's
      option.

    

    
      
         

      

      
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    ARTICLE
      III

    

    CONVERSION
      RIGHTS

    

    3.1. Holder's
      Conversion Rights.
      Subject
      to Section 3.2 and the mandatory conversion provisions therein, the Holder
      shall
      have the right, but not the obligation, to convert all or any portion of the
      then aggregate outstanding Principal Amount of this Note, together with interest
      and fees due hereon, and any sum arising under the Subscription Agreement and
      the Transaction Documents, including but not limited to Liquidated Damages,
      into
      shares of Common Stock, subject to the terms and conditions set forth in this
      Article III at the rate of $0.005 per share of Common Stock (“Fixed Conversion
      Price” as same may be adjusted pursuant to this Note and the Subscription
      Agreement. The Holder may exercise such right by delivery to the Borrower of
      a
      written Notice of Conversion pursuant to Section 3.3.

    

    3.2. Conversion
      Limitation.
      Notwithstanding anything contained herein to the contrary, the Holder shall
      not
      be entitled to convert pursuant to the terms of this Note nor may this Note
      be
      converted in whole or in part into an amount of Common Stock that would be
      convertible into that number of Common Stock which would exceed the difference
      between the number of shares of Common Stock beneficially owned by such Holder
      and 4.99% of the outstanding shares of Common Stock. For the purposes of the
      immediately preceding sentence, beneficial ownership shall be determined in
      accordance with Section 13(d) of the Exchange Act and Regulation 13d-3
      thereunder. The foregoing limitation shall be calculated as of each Conversion
      Date. Aggregate
      conversions over time shall not be limited to 4.99%. The Holder may waive the
      Conversion Share limitation described in this Section 3.2, in whole or in part,
      upon 61 days prior notice to the Borrower. The Holder may allocate which of
      the
      equity of the Borrower deemed beneficially owned by the Holder shall be included
      in the 4.99% amount described above and which shall be allocated to the excess
      above 4.99%.

    

    3.3. Mechanics
      of Holder's Conversion.
      

    

    (a) In
      the
      event that the Holder elects to convert any amounts outstanding under this
      Note
      into Common Stock, the Holder shall give notice of such election by delivering
      an executed and completed notice of conversion (a "Notice of Conversion") to
      the
      Borrower, which Notice of Conversion shall provide a breakdown in reasonable
      detail of the Principal Amount, accrued interest and amounts being converted.
      The original Note is not
      required
      to be surrendered to the Borrower
      until
      all sums due under the Note have been paid. On each Conversion Date (as
      hereinafter defined) and in accordance with its Notice of Conversion, the Holder
      shall make the appropriate reduction to the Principal Amount, accrued interest
      and fees as entered in its records and shall provide written notice thereof
      to
      the Borrower within three (3) business days after the Conversion Date. Each
      date
      on which a Notice of Conversion is delivered or telecopied to the Borrower
      in
      accordance with the provisions hereof shall be deemed a "Conversion Date."
      A
      form of Notice of Conversion
      to be employed by the Holder is annexed hereto as Exhibit A.

    

    (b) Pursuant
      to the terms of a Notice of Conversion, the Borrower will issue instructions
      to
      the transfer agent accompanied by an opinion of counsel, if so required by
      the
      Borrower's transfer agent, within two
      (2)
      business days
      after
      the date of the delivery to Borrower of the Notice of Conversion and shall
      cause
      the transfer agent to transmit the certificates representing the Conversion
      Shares to the Holder by crediting the account of the Holder's designated broker
      with the Depository Trust Corporation ("DTC") through its Deposit Withdrawal
      Agent Commission ("DWAC") system within three (3) business days after receipt
      by
      the Borrower of the Notice of Conversion (the "Delivery Date"). In the case
      of
      the exercise of the conversion rights set forth herein the conversion privilege
      shall be deemed to have been exercised and the Conversion Shares issuable upon
      such conversion shall be deemed to have been issued upon the date of receipt
      by
      the Borrower of the Notice of Conversion. The Holder shall be treated for all
      purposes as the record holder of such shares of Common Stock, unless the Holder
      provides the Borrower written instructions to the contrary. Notwithstanding
      the foregoing to the contrary, the Borrower or its transfer agent shall only
      be
      obligated to issue and deliver the shares to the DTC on the Holder’s behalf via
      DWAC (or certificates free of restrictive legends) if the registration statement
      providing for the resale of the shares of Common Stock issuable upon the
      conversion of this Note is effective and the Holder has complied with all
      applicable securities laws in connection with the sale of the Common Stock,
      including, without limitation, the prospectus delivery requirements. In the
      event that Conversion Shares cannot be delivered to the Holder via DWAC, the
      Borrower shall deliver physical certificates representing the Conversion Shares
      by the Delivery Date.

    

    
      
         

      

      
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    3.4. Conversion
      Mechanics.

    

    (a) The
      number of shares of Common Stock to be issued upon each conversion of this
      Note
      pursuant to this Article III shall be determined by dividing that portion of
      the
      Principal Amount and interest and fees to be converted, if any, by the then
      applicable Fixed Conversion Price.

    

    (b) The
      Fixed
      Conversion Price and number and kind of shares or other securities to be issued
      upon conversion shall be subject to adjustment from time to time upon the
      happening of certain events while this conversion right remains outstanding,
      as
      follows:

    

    A. Merger,
      Sale of Assets, etc. If the Borrower at any time shall consolidate with or
      merge
      into or sell or convey all or substantially all its assets to any other
      corporation, this Note, as to the unpaid principal portion thereof and accrued
      interest thereon, shall thereafter be deemed to evidence the right to purchase
      such number and kind of shares or other securities and property as would have
      been issuable or distributable on account of such consolidation, merger, sale
      or
      conveyance, upon or with respect to the securities subject to the conversion
      or
      purchase right immediately prior to such consolidation, merger, sale or
      conveyance. The foregoing provision shall similarly apply to successive
      transactions of a similar nature by any such successor or purchaser. Without
      limiting the generality of the foregoing, the anti-dilution provisions of this
      Section shall apply to such securities of such successor or purchaser after
      any
      such consolidation, merger, sale or conveyance.

    

    B. Reclassification,
      etc. If the Borrower at any time shall, by reclassification or otherwise, change
      the Common Stock into the same or a different number of securities of any class
      or classes, this Note, as to the unpaid principal portion thereof and accrued
      interest thereon, shall thereafter be deemed to evidence the right to purchase
      an adjusted number of such securities and kind of securities as would have
      been
      issuable as the result of such change with respect to the Common Stock
      immediately prior to such reclassification or other change.

    

    C. Stock
      Splits, Combinations and Dividends. If the shares of Common Stock are subdivided
      or combined into a greater or smaller number of shares of Common Stock, or
      if a
      dividend is paid on the Common Stock in shares of Common Stock, the Conversion
      Price shall be proportionately reduced in case of subdivision of shares or
      stock
      dividend or proportionately increased in the case of combination of shares,
      in
      each such case by the ratio which the total number of shares of Common Stock
      outstanding immediately after such event bears to the total number of shares
      of
      Common Stock outstanding immediately prior to such event.

    

    D. Share
      Issuance. So long as this Note is outstanding, if the Borrower shall issue
      any
      Common Stock except for the Excepted Issuances (as defined in the Subscription
      Agreement), prior to the complete conversion of this Note for a consideration
      less than the Fixed Conversion Price that would be in effect at the time of
      such
      issue, then, and thereafter successively upon each such issuance, the Fixed
      Conversion Price shall be reduced to such other lower issue price. For purposes
      of this adjustment, the issuance of any security or debt instrument of the
      Borrower carrying the right to convert such security or debt instrument into
      Common Stock or of any warrant, right or option to purchase Common Stock shall
      result in an adjustment to the Fixed Conversion Price upon the issuance of
      the
      above-described security, debt instrument, warrant, right, or option and again
      upon the issuance of shares of Common Stock upon exercise of such conversion
      or
      purchase rights if such issuance is at a price lower than the then applicable
      Conversion Price. The reduction of the Fixed Conversion Price described in
      this
      paragraph is in addition to the other rights of the Holder described in the
      Subscription Agreement.

    

    
      
         

      

      
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    (c) Whenever
      the Conversion Price is adjusted pursuant to Section 3.4(b) above, the Borrower
      shall promptly mail to the Holder a notice setting forth the Conversion Price
      after such adjustment and setting forth a statement of the facts requiring
      such
      adjustment.

    

    3.5. Reservation.
      During
      the period the conversion right exists, Borrower will reserve from its
      authorized and unissued Common Stock not less than
      one
      hundred
      fifty percent
      (150%)
      of the
      number of shares to provide for the issuance of Common Stock upon the full
      conversion of this Note.
      Borrower represents that upon issuance, such shares will be duly and validly
      issued, fully
      paid and
      non-assessable. Borrower agrees that its issuance of this Note shall constitute
      full authority to its officers, agents, and transfer agents who are charged
      with
      the duty of executing and issuing stock certificates to execute and issue the
      necessary certificates for shares of Common Stock upon the conversion of this
      Note.

    

    3.6 Issuance
      of Replacement Note.
      Upon
      any partial conversion of this Note, a replacement Note containing the same
      date
      and provisions of this Note shall,
      at the
      written request of the Holder, be
      issued
      by the Borrower to the Holder for the outstanding Principal Amount of this
      Note
      and accrued interest which shall not have been converted or paid, provided
      Holder has surrendered an original Note to the Company. In the event that the
      Holder elects not to surrender a Note for reissuance upon partial payment or
      conversion, the Holder hereby indemnifies the Borrower against any and all
      loss
      or damage attributable to a third-party claim in an amount in excess of the
      actual amount then due under the Note.

    

    ARTICLE
      IV

    

    SECURITY
      INTEREST

    

    4. Security
      Interest/Waiver of Automatic Stay.
      This
      Note is secured by a security interest granted to the Collateral Agent for
      the
      benefit of the Holder pursuant to a Security Agreement, as delivered by Borrower
      to Holder. The Borrower acknowledges and agrees that should a proceeding under
      any bankruptcy or insolvency law be commenced by or against the Borrower, or
      if
      any of the Collateral (as defined in the Security Agreement) should become
      the
      subject of any bankruptcy or insolvency proceeding, then the Holder should
      be
      entitled to, among other relief to which the Holder may be entitled under the
      Transaction Documents and any other agreement to which the Borrower and Holder
      are parties (collectively, "Loan Documents") and/or applicable law, an order
      from the court granting immediate relief from the automatic stay pursuant to
      11
      U.S.C. Section 362 to permit the Holder to exercise all of its rights and
      remedies pursuant to the Loan Documents and/or applicable law. THE BORROWER
      EXPRESSLY WAIVES THE BENEFIT OF THE AUTOMATIC STAY IMPOSED BY 11 U.S.C. SECTION
      362. FURTHERMORE, THE BORROWER EXPRESSLY ACKNOWLEDGES AND AGREES THAT NEITHER
      11
      U.S.C. SECTION 362 NOR ANY OTHER SECTION OF THE BANKRUPTCY CODE OR OTHER STATUTE
      OR RULE (INCLUDING, WITHOUT LIMITATION, 11 U.S.C. SECTION 105) SHALL STAY,
      INTERDICT, CONDITION, REDUCE OR INHIBIT IN ANY WAY THE ABILITY OF THE HOLDER
      TO
      ENFORCE ANY OF ITS RIGHTS AND REMEDIES UNDER THE LOAN DOCUMENTS AND/OR
      APPLICABLE LAW. The Borrower hereby consents to any motion for relief from
      stay
      that may be filed by the Holder in any bankruptcy or insolvency proceeding
      initiated by or against the Borrower and, further, agrees not to file any
      opposition to any motion for relief from stay filed by the Holder. The Borrower
      represents, acknowledges and agrees that this provision is a specific and
      material aspect of the Loan Documents, and that the Holder would not agree
      to
      the terms of the Loan Documents if this waiver were not a part of this Note.
      The
      Borrower further represents, acknowledges and agrees that this waiver is
      knowingly, intelligently and voluntarily made, that neither the Holder nor
      any
      person acting on behalf of the Holder has made any representations to induce
      this waiver, that the Borrower has been represented (or has had the opportunity
      to he represented) in the signing of this Note and the Loan Documents and in
      the
      making of this waiver by independent legal counsel selected by the Borrower
      and
      that the Borrower has discussed this waiver with counsel.

    

    
      
         

      

      
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    ARTICLE
      V

    

    EVENTS
      OF DEFAULT

    

    The
      occurrence of any of the following events of default ("Event of Default") shall,
      at the option of the Holder hereof, make all sums of principal and interest
      then
      remaining unpaid hereon and all other amounts payable hereunder immediately
      due
      and payable, upon demand, without presentment, or grace period, all of which
      hereby are expressly waived, except as set forth below:

    

    5.1 Failure
      to Pay Principal or Interest.
      The
      Borrower fails to pay any installment of Principal Amount, interest or other
      sum
      due under this Note or any Transaction Document when due and such failure
      continues for a period of five (5) business days after the due
      date.

    

    5.2 Breach
      of Covenant.
      The
      Borrower breaches any material covenant or other term or condition of the
      Subscription Agreement, this Note or Transaction Document in any material
      respect and such breach, if subject to cure, continues for a period of ten
      (10)
      business days after written notice to the Borrower from the Holder.

    

    5.3 Breach
      of Representations and Warranties.
      Any
      material representation or warranty of the Borrower made herein, in the
      Subscription Agreement, Transaction Document or in any agreement, statement
      or
      certificate given in writing pursuant hereto or in connection herewith or
      therewith shall be false or misleading in any material respect as of the date
      made and a Closing Date.

    

    5.4 Receiver
      or Trustee.
      The
      Borrower or any Subsidiary of Borrower shall make an assignment for the benefit
      of creditors, or apply for or consent to the appointment of a receiver or
      trustee for them or for a substantial part of their property or business; or
      such a receiver or trustee shall otherwise be appointed.

    

    5.5 Judgments.
      Any
      money judgment, writ or similar final process shall be entered or filed against
      Borrower or any subsidiary of Borrower or any of their property or other assets
      for more than $50,000,
      and
      shall remain unvacated, unbonded or unstayed for a period of forty-five (45)
      days.

    

    5.6 Non-Payment.
      A
      default by the Borrower under any one or more obligations in an aggregate
      monetary amount in excess of $50,000
      for more
      than twenty
      (20)
      days after the due date.

    

    5.7 Bankruptcy.
      Bankruptcy, insolvency, reorganization or liquidation proceedings or other
      proceedings or relief under any bankruptcy law or any law, or the issuance
      of
      any notice in relation to such event, for the relief of debtors shall be
      instituted by or against the Borrower or any Subsidiary of Borrower and if
      instituted against them are not dismissed within forty-five (45)
      days of
      initiation.

    

    5.8 Delisting.
      Delisting of the Common Stock from the OTC Bulletin Board (“Bulletin Board”) or
      such other principal exchange on which the Common Stock is listed for trading;
      failure to comply with the requirements for continued listing on the Bulletin
      Board for a period of seven consecutive trading days; or notification from
      the
      Bulletin Board or any Principal Market that the Borrower is not in compliance
      with the conditions for such continued listing on the Bulletin Board or other
      Principal Market.

    

    
      
         

      

      
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    5.9 Failure
      to Obtain Bulletin Board Listing.
      Failure
      of the Company to file a form 15c2-11 within 65 days of the Closing Date and
      failure to obtain a listing of its Common Stock on the Bulletin Board within
      93
      days of the Closing Date.

    

    5.10 Stop
      Trade.
      An SEC
      or judicial stop trade order or Principal Market trading suspension with respect
      to Borrower’s Common Stock that lasts for five or more consecutive trading
      days.

    

    5.11 Failure
      to Deliver Common Stock or Replacement Note.
      Borrower's failure to timely deliver Common Stock to the Holder pursuant to
      and
      in the form required by this Note or the Subscription Agreement, and, if
      requested by Borrower, a replacement Note.

    

    5.12 Non-Registration
      Event.
      The
      occurrence of a Non-Registration Event as described in the Subscription
      Agreement.

    

    5.13 Reverse
      Splits.
      The
      Borrower effectuates a reverse split of its Common Stock without the prior
      written consent of the Holder.

    

    5.14 Cross
      Default.
      A
      default by the Borrower of a material term, covenant, warranty or undertaking
      of
      any Transaction Document or other agreement to which the Borrower and Holder
      are
      parties, or the occurrence of a material event of default under any such other
      agreement which is not cured after any required notice and/or cure
      period.

    

    ARTICLE
      VI

    

    MISCELLANEOUS

    

    6.1 Failure
      or Indulgence Not Waiver.
      No
      failure or delay on the part of Holder hereof in the exercise of any power,
      right or privilege hereunder shall operate as a waiver thereof, nor shall any
      single or partial exercise of any such power, right or privilege preclude other
      or further exercise thereof or of any other right, power or privilege. All
      rights and remedies existing hereunder are cumulative to, and not exclusive
      of,
      any rights or remedies otherwise available.

    

    6.2 Notices.
      All
      notices, demands, requests, consents, approvals, and other communications
      required or permitted hereunder shall be in writing and, unless otherwise
      specified herein, shall be (i) personally served, (ii) deposited in the mail,
      registered or certified, return receipt requested, postage prepaid, (iii)
      delivered by reputable air courier service with charges prepaid, or (iv)
      transmitted by hand delivery, telegram, or facsimile, addressed as set forth
      below or to such other address as such party shall have specified most recently
      by written notice. Any notice or other communication required or permitted
      to be
      given hereunder shall be deemed effective (a) upon hand delivery or delivery
      by
      facsimile, with accurate confirmation generated by the transmitting facsimile
      machine, at the address or number designated below (if delivered on a business
      day during normal business hours where such notice is to be received), or the
      first business day following such delivery (if delivered other than on a
      business day during normal business hours where such notice is to be received)
      or (b) on the second business day following the date of mailing by express
      courier service, fully prepaid, addressed to such address, or upon actual
      receipt of such mailing, whichever shall first occur. The addresses for such
      communications shall be: (i) if to the Borrower to: Innovative
      Food Holdings, Inc., 1923 Trade Center Way, Suite #1, Naples, FL 34109, Attn:
      Joe Dimaggio, CEO & President, telecopier number: (239) 596-0204, with an
      additional copy by telecopier only to: Thomas F. Pierson, Esq., 2501 E.
      Commercial Boulevard, Suite 212, Ft. Lauderdale, FL 33308, telecopier number:
      (954) 958-9439, and (ii) if to the Holder, to the name, address and telecopy
      number set forth on the front page of this Note, with a copy by
      telecopier
      only to
      Grushko & Mittman, P.C., 551 Fifth Avenue, Suite 1601, New York, New York
      10176, telecopier number: (212) 697-3575.

    

    
      
         

      

      
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    6.3 Amendment
      Provision.
      The
      term "Note" and all reference thereto, as used throughout this instrument,
      shall
      mean this instrument as originally executed, or if later amended or
      supplemented, then as so amended or supplemented.

    

    6.4 Assignability.
      This
      Note shall be binding upon the Borrower and its successors and assigns, and
      shall inure to the benefit of the Holder and its successors and
      assigns.

    

    6.5 Cost
      of Collection.
      If
      default is made in the payment of this Note, Borrower shall pay the Holder
      hereof reasonable costs of collection, including reasonable attorneys'
      fees.

    

    6.6 Governing
      Law.
      This
      Note
      shall be governed by and construed in accordance with the laws of the State
      of
      New York, without regard to conflicts
      of laws
      principles that would result in the application of the substantive laws of
      another jurisdiction. Any
      action brought by either party against the other concerning the transactions
      contemplated by this Agreement shall be brought only in the state courts of
      New
      York or in the federal courts located in the state of New York. Both parties
      and
      the individual signing this Note on behalf of the Borrower agree to
      submit
      to the
      jurisdiction of such courts. The prevailing party shall be entitled to recover
      from the other party its reasonable attorney's fees and costs. In the event
      that
      any provision of this Note is invalid or unenforceable under any applicable
      statute or rule of law, then such provision shall be deemed inoperative to
      the
      extent that it may conflict therewith and shall be deemed modified to conform
      with such statute or rule of law. Any such provision which may prove invalid
      or
      unenforceable under any law shall not affect the validity or unenforceability
      of
      any other provision of this Note. Nothing contained herein shall be deemed
      or
      operate to preclude the Holder from bringing suit or taking other legal action
      against the Borrower in any other jurisdiction to collect on the Borrower's
      obligations to Holder, to realize on any collateral or any other security for
      such obligations, or to enforce a judgment or other court in favor of the
      Holder.

    

    6.7 Maximum
      Payments.
      Nothing
      contained herein shall be deemed to establish or require the payment of a rate
      of interest or other charges in excess of the maximum permitted by applicable
      law. In the event that the rate of interest required to be paid or other charges
      hereunder exceed the maximum permitted by such law, any payments in excess
      of
      such maximum shall be credited against amounts owed by the Borrower to the
      Holder and thus refunded to the Borrower.

    

    6.8. Construction.
      Each
      party acknowledges that its legal counsel participated in the preparation of
      this Note and, therefore, stipulates that the rule of construction that
      ambiguities are to be resolved against the drafting party shall not be applied
      in the interpretation of this Note to favor any party

    against
      the other.

    

    6.9 Redemption.
      This
      Note may not be redeemed or called without the consent of the Holder except
      as
      described in this Note.

    

    6.10 Shareholder
      Status.
      The
      Holder shall not have rights as a shareholder of the Borrower with respect
      to
      unconverted portions of this Note. However, the Holder will have the rights
      of a
      shareholder of the Borrower with respect to the Shares of Common Stock to be
      received after delivery by the Holder of a Conversion Notice to the
      Borrower.

    

    

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

     

     

    
      IN
        WITNESS WHEREOF,
        Borrower has caused this Note to be signed in its name by an authorized officer
        as of the ____ day of February, 2005.

    

    

    
      	 	 	 
	 	INNOVATIVE
              FOOD HOLDINGS, INC.
	 
 	 
 	 
 
	Date: 	By:  	 
	 	
              

              Name:
                

              Title: 
                

            
	 WITNESS:	
               

            
	 	 
	 

              

            	 
	 	 

    

    

    

    

    

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    

    NOTICE
      OF
      CONVERSION

     

      
      

    (To
      be
      executed by the Registered Holder in order to convert the Note)

    

    

    The
      undersigned hereby elects to convert $_________ of the principal and $_________
      of the interest due on the Note issued by Innovative Food Holdings, Inc. on
      February ___, 2005 into Shares of Common Stock of Innovative Food Holdings,
      Inc.
      (the "Borrower") according to the conditions set forth in such Note, as of
      the
      date written below.

     

    
      
        	
                Date
                  of Conversion:

              	 
	 	 
	 	 
	
                Conversion
                  Price:

              	 
	 	 
	 	 
	
                Number
                  of Shares of Common Stock Beneficially Owned on the Conversion
                  Date:
                  Less than 5% of the outstanding Common Stock of Innovative Food
                  Holdings,
                  Inc.

              
	 	 
	 	 
	
                Shares
                  To Be Delivered:

              	 
	 	 
	 	 
	
                Signature:

              	 
	 	 
	 	 
	
                Print
                  Name:

              	 
	 	 
	 	 
	
                Address:

              	 
	 	 
	
                 

              	 

      

    
      
         

      

      
        10THIS
          CONVERTIBLE PROMISSORY NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES
          ACT OF
          1933, AS AMENDED. NO SALE OR DISPOSITION MAY BE EFFECTED EXCEPT IN COMPLIANCE
          WITH RULE 144 UNDER SAID ACT OR AN EFFECTIVE REGISTRATION STATEMENT RELATED
          THERETO OR AN OPINION OF COUNSEL FOR THE HOLDER, SATISFACTORY TO THE COMPANY,
          THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE ACT OR RECEIPT OF A NO-ACTION
          LETTER FROM THE SECURITIES AND EXCHANGE COMMISSION.

         

        CONVERTIBLE
          PROMISSORY NOTE

         

        

          
            	
                    $XXX,XXX
                      US

                  	
                    DATE

                  
	 	 

          

        

        FOR
          VALUE
          RECEIVED, Innovative Food Holdings, Inc., a corporation organized under
          the laws
          of the State of Florida (“Payor”) promises to pay to the order of NAME, or its
          assigns (“Holder”) the principal sum of $XXX,XXX
          with
          interest on the outstanding principal amount at the rate of eight percent
          (8%)
          per annum, compounded annually based on a 365-day year. Interest shall
          commence
          with the date of deposit of funds and shall continue on the outstanding
          principal until paid in full. The obligations of this Note are due in full
          on
          DATE(the “Maturity Date”). 

         

        1.  Repayment.
          All
          payments of interest and principal shall be in lawful money of the United
          States
          of America. All payments shall be applied first to accrued interest and
          thereafter to principal. Payor may prepay this Note at any time without
          penalty.

         

        2. Place
          of Payment.
          All
          amounts payable hereunder shall be payable to Holder at the address it
          specifies
          to Payor in writing.

         

        3. Conversion.

         

        (a)  Optional
          Conversion by Holder.
          All
          or
          any portion of the principal amount due and owing under this Note may be
          converted at the option of Holder into fully paid and non-assessable shares
          of
          Stock of the Payor at any time prior to the Maturity Date upon three (3)
          days
          written notice. No optional conversion may be made if Holder is aware of,
          or if
          Payor notified Holder within 30 days of its conversion election, any event
          which
          would require a conversion under section 3(a) above.

         

        (b) Number
          of Shares of Stock Converted and Conversion Rate.
          Upon
          any conversion of all or any portion of the Note contemplated in sections
          3(a)
          or (b) above, the principal amount designated by Holder shall be converted
          into
          that number of shares of Stock determined by dividing (i) the principal
          amount
          so elected to be converted by Holder, by the (ii) then applicable Conversion
          Rate. If the conversion is pursuant to section 3(b) and is prior to the
          Maturity
          Date, all accrued interest will continue to accrue; if the conversion is
          on the
          Maturity Date, then clause (i) of this section will include all accrued
          interest. If a partial conversion by Holder occurs, Holder shall surrender
          this
          Note at the offices of Payor in exchange for a new Note providing for the
          payment on the Maturity Date of all remaining principal and accrued interest
          due
          and owing subsequent to the optional conversion. As used herein, the term
          “Conversion Rate” shall mean $0.005 per
          share; subject to the non-dilutive provisions provided herein. At such
          time as
          such conversion has been effected, the rights of the holder of this Note
          will
          cease with respect to the principal (and interest if applicable)
          converted.

         

        (c) Adjustments
          to Conversion Rate for Certain Events.
          The
          Conversion Rate shall be subject to adjustment if the number of outstanding
          shares of Stock of Payor is increased by a stock dividend, split-up or
          by a
          subdivision of equity of Payor, then, the Conversion Rate shall be appropriately
          decreased so that the number of shares of Units issuable on conversion
          of this
          Note shall be increased in proportion to such increase of outstanding shares
          of
          Stock, not including adjustments for employee stock plans. 

         

        
          
             

          

          
            1

            
              

            

          

          
             

          

        

        

         

        (d) Fractional
          Shares.
          No
          fractional shares shall be issued upon the conversion of this Note. In
          lieu of
          issuing any fractional shares, Payor shall pay to the Holder in cash any
          remainder resulting after the number of whole shares is determined as a
          result
          of the conversion.

         

        4. Use
          of Proceeds.
          This
          Note
          represents the debt owed to Holder for funds loaned and advanced at the
          request
          of the Company.

         

        5. Due
          Authorization.
          The
          Payor
          has the full power and authority to execute and deliver this Note and to
          consummate the transactions contemplated on its part hereby and thereby.
          The
          execution, delivery (or filing or adoption, as the case may be), and performance
          by the Payor of this Note have been duly authorized. This Note is a valid
          and
          binding agreement of the Payor, enforceable against the Payor in accordance
          with
          its terms, except as limited by bankruptcy, insolvency and other laws affecting
          the enforcement of creditors’ rights generally and by equitable principles in
          any action (legal or equitable) and by public policy.

         

        6. Waiver.
          Payor
          waives presentment and demand for payment, notice of dishonor, protest
          and
          notice of protest of this Note, and shall pay all costs of collection when
          incurred, including, without limitation, reasonable attorneys’ fees, costs and
          other expenses.

         

        7. Attorney’s
          Fees.
          If
          Payor
          defaults in the payment of principal or interest due on this Note, Holder
          shall
          be entitled to receive and Payor agrees to pay all reasonable costs of
          collection incurred by Holder, including, without limitation, reasonable
          attorney’s fees for consultation and suit.

         

        8. Governing
          Law-Arbitration.
          This
          Note
          shall be governed by, and construed and enforced in accordance with, the
          laws of
          the State of Florida, excluding conflict of laws principles that would
          cause the
          application of laws of any other jurisdiction. Any
          action brought to enforce or interpret this Note shall be brought in the
          courts
          located Collier County, Florida. The Note Holder and Company agree to settle
          any
          dispute through binding arbitration by a single arbiter in Collier County,
          Florida under the Commercial Arbitration Rules of the American Arbitration
          Association. 

         

        9. Successors
          and Assigns.
          The
          provisions of this Note shall inure to the benefit of and be binding on
          any
          successors of Payor and shall extend to any holder hereof. Holder
          may assign this Note (or any proceeds therefrom).

         

        10. No
          Security or Guaranty.
          This
          Note is meant to be an unsecured obligation of Payor and is not meant to
          be
          guaranteed by any third party.

         

         

        IN
          WITNESS WHEREOF, the Payor has duly executed this Note as of the date first
          written above.

         

        PAYOR:

         

        Innovative
          Food Holdings, Inc. 

         

        A
          Florida corporation

         

        ____________________________________

        Jonathan
          Steckler, President

         

        [Remainder
          of Page Intentionally Left Blank]

         

        
          
             

          

          
            2

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