Document:

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                                 LOAN AGREEMENT

         THIS LOAN AGREEMENT is made and entered into this 1st day of March,
2001, by and between Joseph A. Oblas, Thomas B. Humphreys, Derek S. Humphreys,
Peter C. Gonzalez, David Diaz-Infante, (the "Individual Borrowers"), and
Glacier Distribution Company, Inc., a Colorado corporation. Glacier Corporation,
a Delaware corporation, Rocky Mountain Fresh and Natural, Inc., a Colorado
corporation, and The Miles Smith Family Corporation d/b/a Cal-Fresh Produce, a
California corporation, (the "Corporate Borrowers") jointly and severally,
(collectively referred to as "Borrowers"), and Regatta Capital, Ltd., a Delaware
corporation, (the "Lender"), whose mutual agreements and representations are
herein set forth.

                                    RECITALS

         A. The Individual Borrowers and the Corporate Borrowers are
collectively referred to herein as "the Borrowers."

         B. Borrowers have delivered to Lender a Promissory Note of even date
herewith in the principal amount of Six Hundred Eighty-Five Thousand and No/100
Dollars ($685,000.00), (the "Note"), under the terms at which Borrowers are
obligated to make certain payments commencing on the 1st day of April, 2001.

         C. To secure the Note, the Corporate Borrowers have delivered to Lender
Security Agreements on all accounts receivable, and all fixtures, furniture and
equipment.

         D. Individual Borrowers have delivered to Lender Deeds of Trust on
their residences.

         E. Borrowers have agreed in conjunction with and as additional
consideration for the Loan, to cause to have issued shares of common stock in
Glacier Distribution Company, Inc. to Lender and others as set forth herein.

         F. As used herein, the term "Loan Documents" means the Note, the Deeds
of Trust executed by the Individual Borrowers, the Security Agreements executed
by the Corporate Borrowers, the Financing Statements executed by the Corporate
Borrowers, the Environmental Indemnity Agreements executed by the Individual
Borrowers, and any other documents executed by the [Individual Borrowers or
Corporate Borrowers incident to the Closing of the Loan evidenced by the Note.

         Now, therefore, in consideration of the premises and the mutual
promises herein made, and in consideration of the representations, warranties,
and covenants herein contained, the Parties agree as follows.

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                                    AGREEMENT

         1. Loan Proceeds. The loan to Borrowers in the total principal sum of
$685,000.00, includes an origination fee of eleven (11) percent of the total
principal loan amount, certain costs and expenses associated with the loan,
including title insurance, closing costs, and recording fees.

          A. Deposit. Prior to closing the Loan, Borrowers paid to Lender the
     sum of Ten Thousand Dollars ($10,000.00), as a non-refundable deposit,
     which Lender agrees to apply for the initial April 1,2001 payment called
     for under the Note, with any balance to be applied to the monthly payment
     due May 1, 2001.

          B. Appraisal Holdback. Out of the gross loan proceeds, Lender has
     retained the amount of $1,500.00, which may be utilized by the Lender, in
     its sole discretion, to pay for appraisals of any of the real property
     securing this Loan. In the event of any default on the Promissory Note, at
     the sole discretion of the Lender, Lender may apply any monies not
     previously expended to any sums owing under the Promissory Note.

         2. Secondary Funding. The sum of $100,000.00 of Loan Proceeds shall be
withheld at the time of Closing, and will be disbursed by Lender to Borrowers
on a date which is sixty (60) days from the original date of Loan Closing,
provided that Borrowers have not defaulted under the terms of the Note or any of
the Loan Documents. Notwithstanding the foregoing, Lender will use its best
efforts to fund such additional $100,000.00 by April 02, 2001.

          3. Real Estate Collateral. As partial security for the Loan, the
Individual Borrowers have delivered Deeds of Trusts on certain residences. The
face amount of each Deed of Trust is specified as $350,000.00 due to the
Agreement of the Lender to limit the portion of equity in each such residence
which is posted as security for the Loan to the amount of $350,000.00. The
Individual Borrowers acknowledge and agree that notwithstanding any principal
paydown under the Note, each of the Deeds of Trust shall remain in place until
all obligations of the Borrowers under the Note have been discharged in full. In
other words, Borrowers shall not be entitled to any partial release of any
security granted to the Lender to secure the Loan, and all such security shall
remain in place and encumbered until payment of the Note in full. In the event
of default under the Note or any of the Loan documents, the Lender shall be
entitled to proceed against any or all of the collateral, or none of the
collateral, in Lender's sole and absolute discretion. Nothing in this Loan
Agreement shall be deemed to limit or compromise any right of the Lender to
proceed against any such collateral, or to proceed against any or all of the
Individual Borrowers.

         4. Issuance a Stock. As additional consideration for this loan,
Borrowers shall cause to have issued 325,000 shares of common stock in Glacier
Distribution Company, Inc. to the Lender and 25,000 shares of such stock to Len
Goldberg, (the "Transferred Shares"). Borrowers represent that the Transferred
Shares will be exchanged for Common Stock of Glacier Corporation, a Delaware
Corporation, in a reverse stock split transaction, prior to the Public Offering
of stock in

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Glacier Corporation. Both the Transferred Shares and the shares of Glacier
Corporation shall be issued fully paid and non-assessable. Borrowers shall
deliver stock certificates representing the issuance of the Transferred Shares
as set forth herein, no later than two (2) business days after Closing.

     5.   Borrower's Covenant. Borrowers hereby covenant and agree as follows:

          A. From the date hereof until the loan is paid in full, Borrowers
          agree that they shall incur no additional personal or corporate debt
          without the written consent of Lender, exclusive of any indebtedness
          incurred in the ordinary course of business, in the purchase of
          inventory, of payment of other normal operating expenses.

          B. Any fixtures, furniture, or equipment in which Lender has a
          security interest shall be properly maintained for the period of this
          loan, reasonable wear and tear excepted.

          C. Borrowers shall maintain fall and proper insurance coverages on all
          collateral pledged in conjunction with this loan, which policies shall
          include coverage for Lender as a secured party.

          D. Borrowers shall apply any proceeds raised as a result of the
          issuance of debt or sale of equity of any of the Corporate Borrowers
          to retirement of the indebtedness of Lender, prior to use of such
          proceeds for other purposes.

         6. Default. Any default under the terms or provisions of this Loan
Agreement shall constitute a default under the Note and under any Loan Document,
and any default under any the Note or any Loan Document shall likewise
constitute a default hereunder, entitling the Lender to invoke any and all
remedies provided for in any of the Loan Documents.

         7. Notices. Any notice or other written communication required or
permitted hereunder shall be in writing and may be delivered personally or by
express delivery service, United States mail, registered or certified, postage
pre-paid with return receipt requested, addressed to the party for whom intended
as follows:

            To Lender:    Regatta Capital, Ltd.
                          222 Milwaukee Street, Ste. 304
                          Denver, Colorado 80206,

            To Borrower:  Glacier Corporation
                          1050 17Th Street #195
                          Denver, Colorado 80265

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Either party may change its address by written notice to the other party given
as herein provided. Service of any such written notice shall be deemed complete
at the time of delivery if delivered personally or by express delivery service
or Western Union Mailgram, or two days after mailing thereof, if mailed.

          9. Attorney's Fees. In the event that Borrowers, or any of them,
breach any term or provision of this Loan Agreement, the Lender shall be
entitled recover any and all attorney's fees incurred in connection therewith.
All remedies contained in this Loan Agreement, in the Promissory Note, Deeds of
Trust, Security Agreements, or in any other loan documents are cumulative and
not exclusive, and shall be in addition to any other remedy available in law or
in equity.

         10. Consultation with Counsel. The Borrowers, and each of them, hereby
represent and warrant that they have executed this Loan Agreement, and all of
the Loan Documents, only after consultation with Counsel.

         11. Miscellaneous.

               a) Execution of Further Documents. Borrowers agree to execute any
          other documents required to perfect any security interest, empower
          Lender to act, or reasonably required to effectuate the intent of this
          Loan Agreement.

               b) Relationship or Parties. It is the express intention of the
          parties to this Loan Agreement that their relationship shall be that
          of lender and borrower; nothing herein or in any other loan documents
          shall be construed as creating any relationship other than that of
          lender and borrower, and no other relationships, fiduciary or
          otherwise, shall arise by reason of the parties entering into the
          transaction contemplated hereby.

               c) Entire Agreement. The Loan Documents contain the entire
          agreement between the parties with respect to the matters between them
          and no other agreement, statement or promise made by or to any party,
          or by or to any employee, officer or agent of any party, which is not
          contained in writing shall be binding or valid. The provisions of this
          Loan Agreement, the Deeds of Trust, Promissory Note, Security
          Agreement and other loan documents supersede all prior discussions
          between the parties, and Borrowers acknowledge that they have executed
          this and the other loan documents based only on the provisions
          contained in writing, and not based on any oral statement, promise,
          representation or warranty of Lender,

               d) Severability. If any provision of this Loan Agreement or of
          any other document executed pursuant hereto shall be held to invalid,
          void or unenforceable, all other provisions shall remain in full force
          and effect and shall not be impaired or invalidated in any fashion.

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               e) Construction. Section headings in this Loan Agreement are for
          convenience only and shall not be considered in the construction of
          this document.

         IN WITNESS WHEREOF, the parties have hereunto set their hands and seals
this day first written above.

JOSEPH A. OBLAS, Individually               THOMAS B. HUMPHREYS, Individually

/s/ JOSEPH A. OBLAS                         /s/ THOMAS B. HUMPHREYS

                                            By Joe Oblas Attorney In Fact
--------------------------------            ----------------------------------

PETER C. GONZALEZ, individually             DEREK S. HUMPHREYS, individually

/s/ PETER C. GONZALEZ                       /s/ DEREK S. HUMPHREYS
--------------------------------            ----------------------------------

DAVID DIAZ-INFANTE, Individually

/s/ DAVID DIAZ-INFANTE

By Joe Oblas Attorney In Fact
--------------------------------

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GLACIER DISTRIBUTION COMPANY, INC.        ROCKY MOUNTAIN FRESH & NATURAL, INC.
a Colorado corporation                    a Colorado corporation

/s/ ILLEGIBLE                             /s/ ILLEGIBLE
-----------------------------------       -------------------------------------
                         ,President                                  ,President

Attest:                                   Attest:

/s/ ILLEGIBLE                             /s/ ILLEGIBLE
-----------------------------------       -------------------------------------
                         ,Secretary                                  ,Secretary

THE MILES SMITH FAMILY CORPORATION,       GLACIER CORPORATION
d/b/a CAL-FRESH PRODUCE                   a Delaware corporation
a California corporation

/s/ ILLEGIBLE                             /s/ ILLEGIBLE
-----------------------------------       -------------------------------------
                         ,President                                  ,President

Attest:                                   Attest:

/s/ ILLEGIBLE                             /s/ ILLEGIBLE
-----------------------------------       -------------------------------------
                         ,Secretary                                  ,Secretary

                                       6<PAGE>   1

May 11, 2001

Brian O'D. White
Chief Financial Officer
Crosspoint Foods Corporation
1050 17th Street
Suite 195
Denver, CO  80265

Dear Brian,

Wells Fargo Business Credit, Inc. ("WFBCI") is pleased to present this proposal
to provide financing to ("Borrower") for credit, in the amount and under the
terms and conditions outlined below. This proposal is NOT A COMMITMENT TO LEND,
but does represent our sincere interest in providing the financing you require
to refinance your existing revolving line of credit and provide additional
working capital.

AGGREGATE
CREDIT LIMIT:         $14,000,000 Revolving Credit Facility maturing 3 years
                      from closing.

BORROWER:             Crosspoint Foods Corporation; its subsidiaries and/or
                      divisions, now or hereafter owned.

FACILITY:

REVOLVING
CREDIT FACILITY:      $14,000,000 committed, secured revolving credit line
                      maturing 3 years from date of closing.

AVAILABLE AMOUNT:     The lesser of $14,000,000 or the amount calculated under
                      the Borrowing Base.

USE OF PROCEEDS:      To refinance the existing debt and to provide for ongoing
                      working capital needs.

BORROWING BASE:       Advances (direct loans and issued letters of credit) shall
                      not exceed the lesser of (i)  $14,000,000 or (ii) up to
                      the sum of:

                      1.    80% of eligible accounts receivable

                      2.    60% of eligible inventory not to exceed $4,000,000.

                      Eligibility as acceptable collateral on which to advance
                      and the advance rates will be solely determined by WFBCI.

                      Ineligible accounts receivable are anticipated to include:

                      o          Receivables not paid within 90 days from
                                 invoice date. If the amount over 90 days from
                                 invoice exceeds the total amount owed by 10%,
                                 then the entire account is ineligible
                                 (cross-aging rule);

                      o          Accounts with offsetting accounts payable
                                 (contra accounts);

                      o          Foreign receivables without foreign receivable
                                 credit insurance or backed by an acceptable
                                 letter of credit;

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                      o          U.S. Government receivables;

                      o          Unless approved by WFBCI in writing, that
                                 portion of an account that exceeds 15% of total
                                 accounts receivable (concentration accounts).

                      o          Accounts for products not as yet shipped or for
                                 services not as yet completed (prebillings),
                                 and;

                      o          Intercompany or affiliated receivables, poor
                                 quality credit receivables, or other
                                 receivables that in the sole discretion of
                                 WFBCI do not constitute acceptable collateral.

                      Eligible inventory is anticipated to be inventory located
                      at the company's primary distribution facilities in the
                      United States. Ineligible inventory is anticipated to be
                      frozen foods in excess of 90 days in age; fresh goods in
                      excess of 14 days in age; and paper goods not subject to a
                      repurchase agreement. The inventory portion of the
                      Borrowing Base will be capped at $4,000,000.

COLLATERAL:           All loans and advances shall be secured by a perfected
                      first priority security interest in all accounts,
                      inventory, investment property, chattel paper, machinery
                      and equipment, general intangibles, intellectual property
                      and all other business assets.

INTEREST RATE:        Prime Rate of Interest plus 1 1/2% per annum floating,
                      payable monthly in arrears calculated on the basis of
                      actual days elapsed in a year of 360 days. Default rate of
                      interest will be 3% higher than the rate otherwise
                      payable.

PRIME RATE OF
INTEREST:             The rate of interest set by Wells Fargo Bank, N.A. from
                      time to time as its Prime Rate, whether or not Wells Fargo
                      Bank N.A. makes loans at, above or below said Prime Rate.

UNUSED FEE:           A fee of 0.25% per annum on the unused portion of the
                      Facility will be payable monthly in arrears.

GENERAL TERMS

TERM:                 The initial term of the agreement will be for 3 years
                      renewable on an annual basis thereafter.

CLOSING FEE:          1% payable at closing.

COLLATERAL AUDIT
EXPENSE (FEE):        Collateral audit fee of $90 per hour per analyst, plus
                      actual out-of-pocket expenses will be charged. This will
                      include the pre-loan survey and collateral audit reviews
                      thereafter on a quarterly basis.

MINIMUM INTEREST      A minimum interest charge of $20,000 per month.

PREPAYMENT:           Facility may be prepaid, in whole or in part, at any time
                      at the option of the Borrower.

                      The prepayment fee shall be waived only in the event the
                      facility is refinanced by Wells Fargo Bank, N.A. or any of
                      its affiliates.

                      The fee will be based on the Aggregate Credit Limit as
                      follows:

<TABLE>
<CAPTION>
                        Year of Prepayment                           Fee
                        ------------------                           ---
<S>                                                                  <C>
                        During Year 1 of the contract                 3%
                        During Year 2 of the contract                 2%
                        Thereafter through maturity                   1%
</TABLE>

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EXPENSES:             All expenses incurred to provide the contemplated
                      financing, including without limitations: legal fees and
                      expenses, closing costs, appraisal fees, UCC search and
                      recording fees, individual and corporate credit reports,
                      lockbox costs, fees for the wiring of loan advances ($15
                      per advance), real estate title searches and recording
                      fees, environmental assessment fees, and collateral
                      auditing costs incurred by WFBCI in connection with the
                      transactions contemplated herein are to be paid by
                      Borrower whether or not the facility contemplated herein
                      is funded. This obligation will survive the expiration or
                      termination of any approval.

COLLATERAL ACCOUNT:
AND LOCKBOX:          All Borrower receipts to be directly deposited to a
                      separate collateral account (via the use of a lockbox) at
                      a bank to be determined. After allowing one day for
                      collection of receipts and two days for processing,
                      deposited amounts will be applied to the Facility.
                      Standard money transfer and/or wire fees will apply.

GUARANTY:             No guarantee will be required however support agreements
                      from management will be obtain.

FINANCIAL REPORTING:  The financial and collateral reporting requirements shall
                      include:

                   1. Collateral reporting requirements will be established
                      upon completion of the pre-loan collateral audit.
                      Typical requirements include daily reporting of
                      sales, credit memos, and collections, and bi-monthly
                      or more frequent reporting of inventory levels;

                   2. Monthly accounts receivable and inventory listing and/or
                      aging within 15 days of each month-end;

                   3. Monthly internally-prepared financial statements within 20
                      days of each month-end along with a certification of
                      compliance with covenants contained in the credit
                      agreement;

                   4. Monthly accounts payable aging within 15 days of each
                      month-end;

                   5. Annual audited consolidating and consolidated financial
                      statements within 120 days of fiscal year-end prepared by
                      an independent auditor acceptable to Wells Fargo;

                   6. Annual financial projections (balance sheet and income
                      statement, at a minimum), by month, due 30 days prior to
                      the beginning of the next fiscal year;

                   7. Any other information WFBCI may reasonably request;

LOAN DOCUMENTATION:   The Borrower will be required to execute or cause to be
                      executed and deliver or cause to be delivered to WFBCI
                      such documents, instructions, certificates, opinions and
                      assurances (collectively the Loan Documents) as WFBCI
                      requests in connection with funding the facility on the
                      basis outlined herein and in connection with the
                      Borrower's authority and capacity to accept the facility
                      and execute the Loan Documents. The Borrower will be
                      required to take such other action in connection with the
                      facility as WFBCI might reasonably request. All such
                      requirements shall be subject to WFBCI's approval and the
                      approval of its counsel as to the form and substance. The
                      Loan Documents will contain such warranties, covenants,
                      and conditions as are normally contained in documents
                      relating to similar credit facilities.

FINANCIAL COVENANTS:  Financial performance (including leverage, tangible net
                      worth, earnings, and debt service capability), limitations
                      on acquisitions, investments, additional debt,
                      intercompany accounts, bonuses, dividends, change in
                      ownership, change

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Page 4

                      in senior management, capital expenditures, disposition of
                      assets, and other covenants as deemed appropriate by
                      WFBCI.

DEPOSIT:                         Upon acceptance of this proposal, a
                                 non-refundable deposit in the amount of $60,000
                                 will be provided by the Borrower.

                                 Proceeds of the deposit will be applied
                                 against:

                                 All expenses incurred relating to the due
                                 diligence, collateral audit, and initial credit
                                 review associated with the closing and funding
                                 of the proposed Facility. If the Facility does
                                 not close or fund, the deposit will be retained
                                 by WFBCI.

CONDITIONS OF
APPROVAL:             Approval and funding is conditioned upon delivery of the
                      following, each in form and substance satisfactory to
                      WFBCI:

                      1.   Closing of commitment is contingent on the company
                           obtaining equity and/or subordinated debt of no less
                           than $24,000,000

                      2.   Completion of a satisfactory audit by WFBCI.

                      3.   Evidence that WFBCI has a perfected first priority
                           security interest in all applicable collateral.

                      4.   Excess availability under the Facility of no less
                           than $3,000,000 after paying out the existing senior
                           secured debt, trade payables older than 30 days from
                           invoice date, book overdraft, closing costs.

                      5.   Credit approval by the appropriate WFBCI officers.

                      6.   Final legal documentation satisfactory to WFBCI.

                      7.   No adverse change in the financial condition of the
                           Borrower since the date of the most recent financial
                           statement received by WFBCI.

                      8.   Satisfactory background check on Borrower's owners
                           and/or officers.

                      9.   Satisfactory review of fraudulent conveyance risks.

                      10.  Satisfactory review of underlying contractual
                           agreement(s) with customers and primary vendors,
                           inclusive of any PACA laws/issues.

                      11.  Receipt and review, by Wells Fargo Business Credit,
                           Inc. and perhaps an outside independent consultant,
                           of post-purchase financial projections for FY 2001.

                      12.  No material changes to purchase agreements associated
                           with the acquisitions of Southwest Traders and Damon
                           Industries.

                      13.  An executed subordination agreement, in a form
                           acceptable to WFBCI, between any and all current or
                           future subordinated debt lenders.

If you are in agreement with the foregoing please sign the original of this
letter and return it along with the deposit of $60,000. This proposal is
confidential between you and WFBCI. This proposal will expire if not accepted
prior to June 30, 2001.

We appreciate the opportunity to make this proposal and look forward to a
mutually beneficial relationship.

Sincerely,
WELLS FARGO BUSINESS CREDIT, INC.

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Page 5

Melody Stallings, Vice President

Accepted and agreed to this ___ day of ______, 2001.
Crosspoint Foods Corporation

By:
     -------------------------------------
                 (Title)

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