Document:

Exhibit 4.7*  

	
Certificate of Designation, Preference and Rights
of Series A,
Redeemable Convertible  

	
 

	
 Preferred Shares 

AMERICAN HOME FOOD PRODUCTS, INC.

Certificate of Designation,

Preference and Rights

Of Series A, Redeemable Convertible Preferred Shares

The
Undersigned, being the President of American Home Food Products, Inc. (“the
Issuer”), a corporation organized and existing under the laws of the State of
New York, does hereby certify that, pursuant to authority conferred upon the
Board of Directors by the Certificate of Incorporation, the Board of Directors
adopted the following resolution providing for the issuance of a series of
Preferred Stock:

          RESOLVED
that, pursuant to authority vested in the Board of Directors by Article Sixth
Section 2 of the Certificate of Incorporation of this Corporation, a series of
Preferred Stock is hereby established, the distinctive designation of which
shall be Series A Preferred Stock (hereinafter “Series A”), and the preferences
and relative, participating, optional or other special rights of Series A, and
the qualifications, limitations or restrictions thereof shall be as follows:

	
 

	
 

	
 

	
 

	
(i)

	
The number
 of shares which shall constitute Series A shall be no more than six million
 (6,000,000) which number may be decreased to three million (3,000,000) by
 resolution of the Board of Directors. One (1) share of Series A shall equal
 one dollar ($1.00) (“the Face Value”). Any conversion of the Series A shares
 shall only be convertible into shares of the Issuer’s $.001 par value common
 stock (“Common Stock”), pursuant to and in accordance with this Certificate
 of Designation. The Series A shares are being offered pursuant to a
 Confidential Private Placement Memorandum dated March 26, 2007 (the “PPM”).
 Any and all terms, conditions, rights and preferences offered in the PPM to
 Series A holders shall be superseded by this Certificate of Designation which
 shall be binding on Issuer and the holders of Series A shares. 

	
 

	
 

	
 

	
 

	
 

	
The initial
 issuance of Series A Shares to Series A holders shall be evidenced by a duly
 authorized and executed certificate(s) for the exact amount of each
 subscription to the Series A Shares that is paid in full in cash (USD$) and
 duly accepted by Issuer. Thereafter, and up to the Maturity Date (as defined
 below), Issuer shall issue to Series A holders, a duly authorized
 certificate(s) evidencing ownership of additional Series A shares for any
 annual dividend(s) that has accrued pursuant to this Certificate of
 Designation and is payable to a Series A holder.

	
 

	
 

	
 

	
 

	
 

	
Notice of
 any partial or full redemption shall be in writing to the holders of Series A
 shares, by regular U. S. Mail with a copy transmitted by 

	
 

	
 

	
 

	
 

	
 

	
facsimile
 pursuant to Section xvii hereof (“Redemption Notice”). The notice shall
 specify the number of Series A shares to be redeemed and the date that
 payment shall be made to redeem such shares. If fewer than all the Series A
 shares represented by any certificate are redeemed, a new certificate
 representing the unredeemed Series A shares shall be issued to the holder
 thereof without cost to the holder. If payment is tendered for Series A
 shares that shall be redeemed, the Series A holder shall be obligated to
 tender the physical certificate representing its original Series A shares to
 the Issuer for cancellation, subject to it receiving a new certificate
 evidencing its continued ownership of its remaining Series A shares that may
 not have been redeem. Under no circumstances should a Redemption Notice (as
 defined below) by the Issuer, of all or part of the Series A shares, extend
 the Maturity Date.

	
 

	
 

	
 

	
 

	
 

	
So long as
 any Series A shares remain outstanding and no Redemption Notice has been
 issued, under no circumstances shall Issuer redeem, purchase, retire or
 otherwise acquire any Common Stock or any shares of any other preferred stock
 or other securities issued by Issuer other than for senior debt instruments. 

	
 

	
 

	
 

	
 

	
(ii)

	
The term of
 the Series A shall be five (5) years from Closing Date (Maturity Date”) which
 shall commence on the effective date of the Issuer’s purchase of Artisanal
 Cheese, LLC.

	
 

	
 

	
 

	
 

	
(iii)

	
The
 outstanding Series A shares shall accrue cumulative annual stock dividends at
 a rate equal to twelve percent (12%) per annum of the Face Value of the
 Series A shares until the second anniversary of the Closing. Thereafter and
 up to the Maturity Date dividends shall accrue and be paid at the rate of
 twelve percent (12%) per annum if paid in cash, or fifteen percent (15%) per
 annum if Paid-In-Kind, the election of which is in the sole discretion of the
 Issuer. On each anniversary date of this Certificate of Designation, Issuer
 shall issue to the Series A holders one (1) share of Series A shares for each
 one dollar ($1.00) value of stock dividends payable to the Series A holders,
 or the equivalent in cash whichever the case may be. The Issuer shall not
 declare and pay any cash or stock dividends on any other class of its equity
 securities prior to the Maturity Date, or the termination of all Series A
 shares by redemption or conversion, whichever the case may be.

	
 

	
 

	
 

	
 

	
(iv)

	
The
 conversion price on the Series A shares shall be thirty cents ($.30) per
 share of the $.001 par value Common Stock of the Issuer, (equaling sixty
 percent (60%) of the issued and outstanding Common Stock of the Issuer on a
 fully diluted basis, excluding the Management Stock Option (see below)).
 Series A dividends shall convert into Common Stock at thirty cents ($.30) per
 share, unless Issuer elects to pay dividends in cash pursuant to this Term
 Sheet (see Dividend above).

	
 

	
 

	
 

	
 

	
(v)

	
Prior to a
 Redemption request by the Company or Maturity only the Holder shall have the
 sole right to elect to convert the Series A shares into Common Stock as set
 forth in subparagraph (iv) above.

	
 

	
 

	
 

	
 

	
(vi)

	
At any time
prior to the third anniversary of the Closing Date, the Issuer shall have the
right to redeem one-half (1/2) of the Series A shares that are issued and
outstanding at the Closing by paying the Holder the full par value of all the
Series A shares, plus accrued dividends in cash (the “First Redemption”). The
remaining one-half (1/2) of the Series A that are issued and outstanding
after the First Redemption can either be: (a) redeemed by the Issuer in cash
at par value, plus accrued dividends with the Holder also receiving an two
(2) year option to acquire five percent (5%) of the issued and outstanding
Common Stock of the Issuer at an exercise price of thirty cents ($.30) per
share, or, (b) converted into thirty percent (30%) of the issued and
outstanding Common Stock of the Company (the “Second Redemption’) on a fully
diluted basis. The Holder shall have sole authority to elect subsection (a)
or (b) above upon receiving a Redemption Notice. Any Common Stock or Common Stock
Option issued pursuant to the First Redemption or the Second Redemption shall
be on a fully-diluted basis, excluding the Management Stock Option below.  

	
 

	
 

	
 

	
 

	
(vii)

	
Any
 Redemption Notice shall require a minimum thirty (30) days advance notice to
 the Holders. (“Notice”).

	
 

	
 

	
 

	
 

	
(viii)

	
Any redeemed
 Series A shall be redeemed for par value, plus accrued dividends and payable,
 at the election of the Holder, in Cash (USD$) or Common Stock at the
 conversion price of thirty cents ($.30) per share.

	
 

	
 

	
 

	
 

	
(ix)

	
The Issuer
 will register for resale that number of shares of its Common Stock necessary
 to enable all Holders to have resale rights in the Common Stock underlying
 its Series A shares if and when converted, or upon a redemption payable in
 Common Stock. All costs of the registration shall be borne by the Issuer. The
 Issuer shall indemnify and hold harmless all Holders from any claims or loss
 associated with the filing of the registration statement, including
 reasonable attorney fees.

	
 

	
 

	
 

	
 

	
(x)

	
In the event
 the Issuer shall be liquidated pursuant to a voluntary or involuntary
 bankruptcy proceeding, dissolution or winding up of its affairs, the Series A
 shares shall receive a payment in cash (“Liquidation Preference”) in Calendar
 Year 2007 at par value, plus accrued dividends; in Calendar Year 2008 at one
 dollar and ten cents ($1.10) per share, plus accrued dividends; in Calendar
 Year 2009, and thereafter, at one dollar and twenty cents ($1.20) per share,
 plus accrued dividends, from the assets remaining, after paying the debts and
 liabilities of the Issuer, before 

	
 

	
 

	
 

	
 

	
 

	
payment
 shall be made to the holders of shares of any other class of equity
 securities, but the Series A holders shall not be entitled to participate
 further in the distribution of any remaining assets owned by the Issuer. 

	
 

	
 

	
 

	
 

	
(xi)

	
At the
 closing, Daniel W. Dowe and William Feeney shall be granted a five (5) year
 Management Stock Option at an exercise price of thirty cents ($.30) per share
 that is exercisable into twenty percent (20%) of the Common Stock of the
 Issuer on a fully-diluted basis prior to any Redemptions or Conversions of
 the Series A. The Stock Option shall be full-vested at the Closing Date, but
 not exercisable until the Issuer achieves: (a) $21.6 million in revenue or $2
 million in EBITDA in a full calendar year by no later than Calendar Year
 2009, and, (b) the First Redemption is concluded by the Issuer. The failure
 of either condition (a) or (b) shall cause the entire Management Stock Option
 to terminate in its entirety. Daniel W. Dowe and Will Feeney shall receive
 twelve percent (12%) and eight percent (8%) respectively of the Management
 Stock Option.

	
 

	
 

	
 

	
 

	
(xii)

	
So long as
 over one million five hundred thousand dollars ($1,500,000) of the Preferred
 Stock is Issued and Outstanding the Issuer shall require the prior written
 consent of Holders representing two thirds (2/3) of the Series A shares
 issued and outstanding to:

	
 

	
 

	
 

	
 

	
 

	
 

	
(a)

	
sell, merge
 with, acquire or consolidate with another business entity, whether the
 transaction is structured as a stock or asset-based transaction, or

	
 

	
 

	
 

	
 

	
 

	
 

	
(b)

	
incur
 additional leverage beyond the initial leverage contemplated by the Issuer
 and Holder as part of the Issuer’s acquisition of Artisanal Cheese, LLC, or

	
 

	
 

	
 

	
 

	
 

	
 

	
(c)

	
issue any
 new shares of Common Stock, or securities convertible or exercisable into
 Common Stock in excess of two percent (2%) of the shares of Common Stock
 issued and outstanding on a fully diluted basis at the Closing, excluding the
 Management Stock Option. At no time shall any securities be sold or granted
 at a price less than the thirty cents ($.30) per share Conversion Price. Any
 such shares issued pursuant to the two percent (2%) allowance herein shall be
 to directors, officer or employees of the Issuer, other than Messrs. Dowe or
 Feeney.

	
 

	
 

	
 

	
 

	
(xiii)

	
The Issuer
 shall sell at least four million dollars ($4,000,000) of Series A shares, or
 three million seven hundred and fifty thousand ($3,750,000) coupled with a
 term loan of no less than one million seven hundred and fifty thousand
 ($1,750,000) as a condition to closing the Series A shares.

	
 

	
 

	
 

	
 

	
(xiv)

	
Upon the
 conversion of Series A shares into Series A all rights, preferences and
 obligations hereunder shall terminate and shall no longer be in effect and
 all Series A shares shall be deemed cancelled and returned to treasury
 shares. Any Common Stock that is issued to the Series A holders will have the
 same rights and privileges as all other common shareholders owning Common
 Stock on the date of this Certificate of Designation, subject only to any
 changes that the Issuer’s common shareholders shall elect to modify at a duly
 called special or annual meeting of its shareholders.

	
 

	
 

	
 

	
 

	
(xv)

	
In the event
 that Issuer shall at any time (A) declare a dividend on the Common Stock payable
 in Common Stock, (B) subdivide the outstanding Common Stock, (C) combine the
 outstanding Common Stock into a smaller number of shares, or (D) issue any
 shares of its capital stock in a reclassification (but not a sale of
 newly-issued shares) of the Common Stock (including any such reclassification
 in connection with a consolidation or merger in which the Issuer is the
 continuing or surviving corporation), the Conversion Formula shall be
 proportionately adjusted, if necessary, so that any Series A shares converted
 after such time shall be entitled to receive the aggregate number and kind of
 Common Stock and/or capital stock which, if such Series A shares had been
 converted immediately prior to such date, Series A would have owned upon such
 conversion (and, in the case of a reclassification, would have retained after
 giving effect to such reclassification) and been entitled to receive by
 virtue of such dividend, subdivision, combination or reclassification.

	
 

	
 

	
 

	
 

	
(xvi)

	
The Series A
 shares shall not have any relative powers, preferences and rights, nor any
 qualifications, limitations or restrictions thereof, other than as set forth
 herein or in the Issuer’s Certificate of Incorporation. 

	
 

	
 

	
 

	
 

	
(xvii)

	
All notices
 required by, or made as part of the Certificate of Designation shall be as
 follows:

	
 

	
 

	
 

	
 

	
 

	
 

	
To:

	
American
 Home Food Products, Inc.

	
 

	
 

	
 

	
67 Wall
 Street, Suite 2001

	
 

	
 

	
 

	
New York,
 New York 10005

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Attn: Daniel
 W. Dowe, President

	
 

	
 

	
 

	
Facsimile:
 914-337-0846

	
 

	
 

	
 

	
Email:
 ddowe@ix.netcom.com

	
 

	
 

	
 

	
 

	
 

	
 

	
To:

	
Series A
 Holders

	
 

	
 

	
 

	
(Pursuant to
 the contact information provided to the Issuer by each Series A Holder in the
 Subscription and Investor Representation Agreement executed by each Series A
 Holder.) 

          IN
WITNESS WHEREOF, ISSUER has made under its corporate seal and the hands of its
duly empowered officers, the foregoing certificate and has caused the corporate
seal of the Issuer to be hereunto affixed this ______ day of August, 2007 and
that this certificate shall be binding on the Issuer for the benefit of all
Series A holders that enter into Stock Subscription and Investment
Representation Agreements as part of the Series A offering.

AMERICAN HOME
FOOD PRODUCTS, INC.

	
 

	
 

	
By:

	
 

	
 

	

	
 

	
       Daniel W. Dowe, PresidentExhibit 4.8* 

	
Stock Subscription and
Investment
Representation Agreement 

STOCK SUBSCRIPTION

AND

INVESTMENT REPRESENTATION
AGREEMENT

CONFIDENTIAL 

Mr. Daniel W.
Dowe 

President 

American Home Food Products, Inc. 

67 Wall Street, Suite 2001 

New York, New York 10005 

Dear Mr. Dowe:

This letter
will acknowledge that the undersigned hereby irrevocably subscribes to purchase
shares of Redeemable Convertible Preferred Stock in American Home Food
Products, Inc. (the “Company”) as set forth below for a purchase price of $1.00
per share (“Offering Shares”) price set forth herein. The Company is offering
to sell the Offering Shares pursuant to the Confidential Private Placement
Memorandum (“PPM”) dated March 27, 2007, as revised by the attached Term Sheet
date July 23, 2007 (the “Offering”).1 The undersigned has received and reviewed
the PPM and is not relying upon any statement, representation or information
that is not expressly set forth therein. The undersigned hereby agrees to be
bound by all the provisions of this Subscription Agreement and further agrees
that this Agreement may be rejected by the Company, in whole or in part, and is
irrevocable upon the undersigned’s receipt of a fully executed copy of this
Agreement from the Company acknowledging its acceptance of this Agreement,
except as otherwise provided under applicable law. 

The
undersigned, and its representatives (as defined below), should it elect to
seek the advice of a representative, understands that the Offering Shares being
offered are not subject to an effective registration statement under the
Securities Act of 1933, as amended (the “Securities Act”) and applicable state
securities laws (“State Acts”), although the Company is required under the PPM
to register for resale all Offering Shares and may include other shares in the
registration statement. It is further understood that the Offering Shares are
being made pursuant to a limited number of accredited investors in reliance on
exemptions provided by Section 4(2) of the Securities Act and applicable
exemptions under State Acts. The undersigned further understands that no
governmental 

1 The Company
has revised the terms of the offering to make them more favorable to investors.
Any further changes to the terms will be granted to all investors participating
in the Offering. The Company will not close the Offering with less than
$3,750,000 miillion of Offering Shares being sold. 

authority has
made any finding or determination relating to the fairness or the merits of the
Offering. 

The
undersigned also understands that the representations, understandings and
agreements of the undersigned set forth herein are being relied upon by the
Company in connection with the offer and sale of the Offering Shares to qualify
such offer and sale for exemptions from registration under the Securities Act
and the State Acts. The undersigned understands that the information supplied
in this Agreement will be disclosed to no one other than the Company and its
financial advisors, counsel and accountants without the undersigned’s consent,
unless it is necessary for the Company to use such information to support the
exemption from registration which it claims under the Securities Act and the
State Acts, or any other lawful purpose. 

I. REPRESENTATIONS, WARRANTIES AND
COVENANTS

In order to
induce the Company to permit the undersigned to purchase all, or a designated
number of the Offering Shares, the undersigned hereby warrants and represents
to the Company, as follows: 

	
 

	
 

	
 

	
 

	
(A)

	
The
 undersigned’s name is: (please type or print) 

	
 

	
 

	
 

	
 

	
 

	
__________________________

	
 

	
 

	
 

	
 

	
(B)

	
The address
 of the undersigned’s residence or principal place of business
 

	
is:___________________________________ (please type or print) 

          (C)     Note:
If the undersigned is other than a natural person please state where the entity
is incorporated __________. (describe the legal entity making the purchase). 

          (D)     
The undersigned and its representatives, if any, have had full and complete
access to the PPM regarding the offer and sale of the Offering Shares and all
of the documents referred to therein and have reviewed the same. The
undersigned is particularly familiar with the portion of the PPM titled “Risk Factors”
and that the pro forma forward looking information, including the Company’s
representation that no assurances can be granted that the pro forma projections
of revenue and net income will be achieved. The undersigned understands that it
may not rely on any information or representations that are not contained in
the PPM and this Agreement. 

          (E)     
The undersigned acknowledges that it, along with its attorney, accountant and
any other person(s) it has retained to advise it with respect to this
investment (collectively, “representatives”), have had the opportunity to ask
questions of and receive answers from representatives of the Company concerning
the Offering Shares. The undersigned further acknowledges that the undersigned
was informed that all documents, records and books pertaining to the Offering
and the Company were at all times available to it. All such documents, records
and books requested by it have been made available to it and its
representatives. The undersigned and its representatives have been supplied
with 

all additional
information concerning the Offering Shares and the Company as they have
requested. The foregoing, however, does not limit or modify the representations
and warranties of the Company in the PPM or the right of the Investor to rely
thereon. 

          (F)
     The undersigned acknowledges that it, or its
representatives, have enough knowledge and experience in financial and business
matters to evaluate the merits and risks of the investment. 

          (G)     
The undersigned is able to bear the economic risk of an investment in the
Offering Shares including the risk of losing part or all of its investment in
the Offering Shares. 

          (H)     
The undersigned’s financial condition is such that the undersigned is under no
present or contemplated future need to dispose of all or any portion of the
Offering Shares to satisfy any existing or contemplated undertaking, need or
indebtedness. 

          (I)     
The undersigned understands the illiquid nature of this investment and
acknowledges that the Offering Shares is subject to restrictions on transfer
imposed by the Securities Act and the State Acts. 

          (J)     
The undersigned is purchasing the Offering Shares for its own account for
investment and not with a view to divide, resell, or distribute all or any
portion of the Offering Shares. 

          (K)     
The undersigned agrees that the Offering Shares it purchases may not be
offered, sold or otherwise transferred unless the offer and sale is made
pursuant to: (i) an effective registration statements under the Securities Act,
(ii) an exemption from registration under the Securities Act or in a
transaction that does not otherwise require registration under the Securities
Act or any State Act, and an opinion of counsel reasonably satisfactory to the
Company has been provided to that effect. 

          (L)     
The undersigned understands and acknowledges that upon the original issuance
thereof, and until such time as the same is no longer required under applicable
requirements of the Securities Act or the State Acts, certificates representing
the Offering Shares, and all certificates issued in exchange therefore or in
substitution thereof, shall bear a legend similar to the following: 

	
 

	
 

	
 

	
“THE SHARES REPRESENTED
 HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
 (THE ‘SECURITIES ACT’), AND MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED
 UNLESS (i) THE OFFER AND SALE IS MADE PURSUANT TO EXEMPTION FROM REGISTRATION
 UNDER THE SECURITIES ACT OR IN A TRANSACTION THAT DOES NOT OTHERWISE REQUIRE
 REGISTRATION UNDER THE SECURITIES ACT OR ANY 

	
 

	
 

	
 

	
APPLICABLE
 STATE SECURITIES LAWS, AND AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO
 THE COMPANY HAS BEEN PROVIDED TO THAT EFFECT; OR (ii) THE OFFER AND SALE IS
 REGISTERED UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS.” 

	
 

	
 

	
 

	
Check if
 applicable: 

	
 

	
 

	
 

	
 

	
( )

	
The
 undersigned is an “accredited investor” within the meaning of Rule 501(a) of
 Regulation D of the Securities Act because it is (please check all of the
 following that are applicable): 

	
 

	
 

	
 

	
 

	
( )

	
A bank as
 defined in Section 3(a)(2) of the Securities Act, or a savings and bank loan
 association or other institution as defined in Section 3(a)(5)(A) of the
 Securities Act whether acting in its individual or fiduciary capacity; a
 broker or dealer registered pursuant to Section 15 of the Securities Exchange
 Act of 1934; an insurance company as defined in Section 2(13) of the
 Securities Act; an investment company registered under the Investment Company
 Act of 1940 or a business development company as defined in Section 2(a)(48)
 of that Act; a Small Business Investment Company licensed by the U.S. Small
 Business Administration under Section 301(c) or (d) of the Small Business Investment
 Act of 1958; a plan established and maintained by a state, its political
 subdivisions, or any agency or instrumentality of a state or its political
 subdivisions for the benefit of its employees, if such plan has total assets
 in excess of $5,000,000; an employee benefit plan within the meaning of the
 Employee Retirement Income Security Act of 1974, if the investment decision
 is made by a plan fiduciary as defined in Section 3(21) of such Act, which is
 either a bank, savings and loan association, insurance company, or registered
 investment adviser, or if the employee benefit plan has total assets in
 excess of $5,000,000 or, if a self-directed plan, with investment decisions
 made solely by persons that are accredited investors; 

	
 

	
 

	
 

	
 

	
( )

	
A private business
 development company under Section 202(a)(22) of the Investment Advisers Act
 of 1940; 

	
 

	
 

	
 

	
 

	
( )

	
An
 organization described in Section 501(c)(3) of the Internal Revenue Code,
 corporation, Massachusetts or similar business trust, or partnership, not formed
 for the specific purpose of acquiring the securities offered, with total
 assets in excess of $5,000,000; 

	
 

	
 

	
 

	
 

	
( )

	
A director,
 executive officer, or general partner of the issuer of the securities being
 offered or sold, or a director, executive officer, or general partner of a
 general partner of the issuer; 

	
 

	
 

	
 

	
 

	
( )

	
A trust with
 total assets in excess of $5,000,000 not formed for the specific purpose of
 acquiring the securities offered, whose purchase is directed by a
 sophisticated person as described in Section 230.506(b)(2)(ii) of Regulation
 D; 

	
 

	
 

	
 

	
 

	
( )

	
An entity in
 which all of the equity owners are accredited investors; 

	
 

	
 

	
 

	
 

	
( )

	
A natural
 person with individual net worth (or joint net worth with spouse) in excess
 of $1 million. For purposes of this item, “net worth” means the excess of
 total assets at fair market value, including home, home furnishings and
 automobiles (and including property owned by a spouse), over total
 liabilities; or 

	
 

	
 

	
 

	
 

	
( )

	
A natural
 person with individual income (without including any income of his spouse) in
 excess of $200,000, or joint income with spouse of $300,000, in each of the
 two most recent years and who reasonably expects to reach the same income
 level in the current year. 

II. SUBSCRIPTION

          The
undersigned hereby agrees to purchase ________________ Offering Shares for
$1.00 per share pursuant to the terms, conditions and representations set forth
in the PPM and this Agreement for an aggregate purchase price of
$_____________________. 

          III. PAYMENT OF SUBSCRIPTION AND CONDITIONS
TO
PURCHASE 

The
undersigned agrees that in addition to completing and executing this
Subscription Agreement, it must submit the executed Subscription Agreement
along with a check (or wire) payable to AHF Acquisition Corp. for the full
amount of the subscription to the Escrow Account of the law firm that has
agreed to serve as escrow agent for the Company to facilitate the closing of
the transaction contemplated in the PPM. The payment instructions follow: 

	
 

	
 

	
 

	
 

	
Escrow
 Agent:

	
 

	
 

	
 

	
Law Offices
 of George N. Proios, PLLC

	
 

	
Herald
 Square Building

	
 

	
1350
 Broadway, Suite 1507

	
 

	
New York,
 New York 10018

	
 

	
Tel:
 212-279-8880

	
 

	
Fax.:
 212-279-0670

	
 

	
Email:
gnp@gnproios.com 

	
 

	
 

	
 

	
 

	
 

	
 

	
Bank Wire
 Instructions:

	
 

	
 

	
 

	
 

	
Bank:

	
J. P. Morgan
 Chase Bank, N.A.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
401 Madison
 Avenue

	
 

	
 

	
 

	
New York,
 New York 10017

	
 

	
ABA

	
 

	
 

	
 

	
Routing#:

	
 

	
021000021 

	
 

	
 

	
 

	
 

	
 

	
Sub-Acct:

	
 

	
AHF
 Acquisition Corp.

	
 

	
Sub-Acct #:

	
 

	
272 856 3004

	
 

	
 

	
 

	
All funds
 will be held in the above-interest bearing escrow account until such time as
 the subscription agreements shall be deemed accepted by the Company and Mr.
 Proios shall receive duly executed stock certificates evidencing ownership of
 the Offering Shares. The funds shall be released from the Escrow Account upon
 the first to occur of the following: 

	
 

	
 

	
 

	
 

	
 

	
 

	
(i)

	
Mr. Proios
 receiving a written notice signed by the Company’s president, Daniel W. Dowe,
 as evidenced by a resolution of a majority of the Company’s Board of
 Directors, that the funds shall be released to the Seller of Artisanal
 Cheese, LLC as indicated on the resolution, with the remaining cash being
 transferred to an account owned by the Company to pay costs associated with
 the transaction and for working capital, or 

	
 

	
 

	
 

	
 

	
 

	
 

	
(ii)

	
Mr. Proios
 receiving a written notice signed by the Company’s president, as evidenced by
 a resolution of a majority of the Company’s Board of Directors, that the
 funds shall be released to the Subscribers, on the grounds that the
 transaction contemplated in this Offering was terminated (the Company
 agreeing to give such notice to Mr. Proios promptly after such termination),
 or 

	
 

	
 

	
 

	
 

	
 

	
 

	
(iii)

	
45 days from
 the date the funds were deposited into the Escrow Account. 

	
 

	
 

	
 

	
 

	
 

	
 

	
If
 subsection (i) applies above, the funds held in escrow shall be transferred
 to the Company and the stock certificates shall be contemporaneously
 delivered to the subscribing shareholders. If subsection (ii) or (iii) above
 applies, the funds held in escrow, plus accrued interest, shall be forthwith
 returned to the subscribing shareholders. 

This
Subscription Agreement shall be deemed accepted by the Company and become
binding on the parties upon the undersigned’s receipt of a fully executed copy
of this Subscription Agreement from the Company acknowledging its acceptance of
the Agreement. In the event the Company accepts the undersigned’s Subscription
Agreement the purchase of the Offering Shares will be irrevocable. 

IV. RULE 144 REPORTING

With a view to
facilitating the availability to the undersigned of the benefits of Rule 144
which may permit (if complied with) the sale of the Offering Shares (or portion
thereof) by the undersigned without registration, the Company agrees to, during
the period commencing upon the undersigned’s receipt of certificates evidencing
the Offering Shares and ending upon the second anniversary thereof, use its
commercially reasonable best efforts to: 

          (a)     
Make and keep “current public information” about the Company available, as
those terms are understood and defined in Rule 144 under the Securities Act; 

          (b)     
File with the SEC, in a timely manner, all reports and other documents required
of the Company under the Securities Exchange Act of 1934 (the “Exchange Act”);
and 

          (c)     
So long as the undersigned owns any Offering Shares, furnish to the undersigned
forthwith upon request: a written statement by the Company as to its compliance
with the reporting requirements of said Rule 144 of the Securities Act, and of
the Exchange Act (at any time after it has become subject to such reporting
requirements); a copy of the most recent annual or quarterly report of the
Company filed with the Securities and Exchange Commission (the “SEC”), and such
other reports and documents readily available to the Company as the undersigned
may reasonably request in availing itself of any rule or regulation of the SEC
allowing it to sell any such securities without registration. 

V. RULE 415 APPLICATION

In the event
the SEC objects to the number of Offering Shares to be registered on the
grounds that such registration constitutes an offering by or on behalf of the
Company not at a fixed price, the Company shall use its best efforts to
register the maximum number of shares permissible by the SEC to retain the
status of the offering as a secondary offering under SEC Rule 415, and shall
exclude shares from registration for resale (such excluded shares, the “415
Cutback Shares”) in the following order of priority: first, Offering Shares
issued to investors that waived a need to have them registered, then afterward
on a pro rata per Investor. No other damages shall be payable with respect to
the Offering Shares that are not registered as a result of Rule 415 objections
from the SEC. 

VI. SUCCESSORS AND ASSIGNS

This Agreement
shall be binding upon and shall inure to the benefit of the parties hereto and
to the successors and assigns of the Company and to the personal and legal
representatives, successors and permitted assignees of the undersigned. The
undersigned specifically understands that it shall not assign, or transfer this
Subscription Agreement or any right or obligation arising thereunder to any
person, natural or non-natural, without the Company’s prior written consent. 

VII. APPLICABLE LAW

This Agreement
shall be governed by and construed in accordance with the laws of the State of
New York without reference to the New York choice of law provisions and to the
extent it involves any United States statute, in accordance with the laws of
the United States. Any action or proceeding arising hereunder or to enforce
this Agreement shall be brought exclusively in the federal or state courts
situated in the County of New York, State of New York and the parties hereby
irrevocably consent to the exclusive jurisdiction and venue of those courts for
such purposes. 

VIII. INDEMNIFICATION

The
undersigned agrees to indemnify and hold harmless the Company, any corporation
or entity affiliated with Company and all of its officers, directors and
employees of any of the foregoing and any attorneys or other advisors thereto,
from and against any and all loss, damage, liability or expense, including
costs and reasonable attorneys’ fees, to which they or the Company may incur by
reason of or in connection with any misrepresentation made by the undersigned under
this Agreement, any breach of any warranties made by the undersigned in this
Agreement, or the undersigned’s failure to fulfill any of the undersigned’s
covenants or agreements under this Agreement. 

IX. NOTICE

Any notice
required to be given under this Agreement shall be sufficient if in writing and
sent by registered or certified mail, return receipt requested, or by telex or
facsimile at the respective addresses set forth below for the Company or at the
name and address appearing in Section I (A) and (B) above for the undersigned
or such other address or addresses as may be designated by a party to the other
in writing. Any such notice shall be effective when delivered by hand or when
received by the party being noticed. 

	
 

	
 

	
 

	
 

	
If to the Company:

	
 

	
 

	
 

	
 

	
 

	
American
 Home Food Products, Inc.

	
 

	
 

	
Attn: Daniel
 W. Dowe

	
 

	
 

	
42 Forest
 Lane

	
 

	
 

	
Bronxville,
 New York, New York 10708

	
 

	
 

	
Telephone -
 914-441-3591

	
 

	
 

	
Email – ddowe@ix.netcom.com

X. MISCELLANEOUS

It is
understood and agreed that this Subscription Agreement and the PPM constitute
the full, complete and final expression of the parties’ understanding with
respect to the subject matter hereof and thereof and that any and all
negotiations and representations not 

included
herein or therein or referred to herein or therein are hereby abrogated, and
that this Agreement may only be changed, amended or modified, in writing,
signed by all parties hereto. 

This Agreement
may be executed in one or more counterparts, each of which, when so executed
and delivered shall be an original, and all of which together shall constitute
one agreement binding upon parties hereto. 

If any one
clause or clauses shall be deemed illegal or unenforceable for whatever reason,
the remaining portion of this Subscription Agreement shall continue to be
binding on the parties. 

IN WITNESS
WHEREOF, the undersigned has executed this Agreement as of the       th day of
________________, 2007. 

Signed in the
Presence of: 

	
 

	
 

	
 

	

	
 

	

	
Witness’
 Signature

	
 

	
Print Name
 of Subscriber

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	

	
 

	

	
Employer ID#

	
 

	
Signature

	
 

	
 

	
 

	
(if
 applicable)

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Title of
 Signator (if applicable)

	
 

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
Number of
 Units Subscribed for:

	
 

	

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Total
 Purchase Price:

	
 

	

	
 

	
 

	
 

	
 

	
Method of
 Payment:

	
 

	
( )

	
Wire

	
 

	
 

	
( )

	
Personal
 check

	
 

	
 

	
( )

	
Certified
 check

	
 

	
 

	
( )

	
Bank check

	
 

	
 

	
(check one)

	
 

	
__________

	
Individual

	
__________

	
Corporation

	
 

	
 

	
__________

	
Partnership

	
__________

	
Trust

	
__________

	
Other
 (please specify)

	
 

	
 

	
Agreed to
 and Accepted

	
American
 Home Food Products, Inc.

	
 

	
 

	
By:

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