Document:

<PAGE>   1

                                                                   EXHIBIT 10.52

                        SEVERANCE COMPENSATION AGREEMENT
                          DATED AS OF OCTOBER 29, 1999
                                     BETWEEN
               DATUM INC., A DELAWARE CORPORATION, (THE "COMPANY")
                                       AND
                     RAYMOND L. WAGUESPACK (THE "EXECUTIVE")

         The Company's Board of Directors (the "Board") has determined that it
is appropriate to reinforce and encourage the continued attention and dedication
of members of the Company's management, including the Executive, to their
assigned duties without distraction in potentially disturbing circumstances
arising from the possibility of a change in control of the Company.

         This Agreement sets forth the severance compensation which the Company
agrees it will pay to the Executive if the Executive's employment with the
Company terminates under one of the circumstances described herein following a
"Change in Control" of the Company (as defined in Section 2).

         1. Term. The term ("Term") of this Agreement shall commence on the date
hereof and, subject to earlier termination pursuant to Section 3(b), 3(c) or
3(d) hereof, shall end three (3) years following the date on which notice of
non-renewal or termination of this Agreement is given by either the Company or
Executive to the other. Thus, this Agreement shall be renewable automatically on
a daily basis so that the outstanding Term is always three (3) years following
any effective notice of non-renewal or of termination given by the Company or
Executive.

         2. Change in Control. No compensation shall be payable under this
Agreement unless and until (a) there has been a Change in Control of the Company
while the Executive is still an employee of the Company and (b) the Executive's
employment by the Company terminates in the circumstances specified in Section
3(a). For purposes of this Agreement, a "Change in Control" of the Company shall
be deemed to have occurred if (i) there shall be consummated (x) any
consolidation or merger of the Company in which the Company is not the
continuing or surviving corporation or pursuant to which shares of the Company's
Common Stock would be converted into cash, securities or other property, other
than a consolidation or merger of the Company in which the holders of the
Company's Common Stock immediately prior to the consolidation or merger have
substantially the same proportionate ownership of at least 65% of common stock
of the surviving corporation immediately after the consolidation or merger, or
(y) any sale, lease, exchange or other transfer (in one transaction or a series
of related transactions) of all, or substantially all, of the assets of the
Company other than to a corporation in which the holders of the Company's Common
Stock immediately prior to such transaction have substantially the same
proportionate ownership of at least 65% of the common stock of such corporation,
or (ii) the stockholders of the Company approve any plan or proposal for the
liquidation or dissolution of the Company, or (iii) any person (as such term is
used in Sections 13(d) and 1 4(d)(2) of the Securities Exchange Act of 1934, as
amended (the "Exchange Act")), shall become the beneficial owner (within the
meaning of Rule 13d-3 under the Exchange Act) of more than 35% of the Company's
outstanding shares of Common Stock, or (iv) during any period of two consecutive
years during the term of this Agreement, individuals who at the beginning of the
two year period constituted the entire Board do not for any reason constitute a
majority thereof unless the election, or the nomination for election by the
Company's stockholders,

<PAGE>   2

of each new director was approved by a vote of at least five-eighths of the
directors then still in office who were directors at the beginning of the
period.

         3. Termination Following Change in Control.

               (a) Termination. If a Change in Control of the Company shall have
occurred while the Executive is still an employee of the Company, the Executive
shall be entitled to the compensation provided in Section 4 upon the subsequent
termination of the Executive's employment with the Company within twenty four
(24) months of such Change in Control, whether requested by the Executive or by
the Company, unless such termination is as a result of (i) the Executive's
death; (ii) the Executive's Disability (as defined in Section (3)(b) below);
(iii) the Executive's Retirement (as defined in Section 3(c) below); (iv) the
Executive's termination by the Company for Cause (as defined in Section 3(d)
below); or (v) the Executive's decision to terminate employment other than for
Good Reason (as defined in Section 3(e) below).

               (b) Death or Disability. If, as a result of the Executive's
incapacity due to physical or mental illness, the Executive is absent from his
duties with the Company on a full-time basis for six months, the Company may
elect to terminate the Executive for "Disability" by written notice to Executive
and without liability to Executive pursuant to this Agreement; provided,
however, that any such termination shall be effective only at the end of thirty
(30) days following the delivery of such notice and only if Executive fails to
return to the full-time performance of duties by the end of such 30-day notice
period. In addition, this Agreement shall terminate immediately in the event of
the death of the Executive occurring at any time during the Term hereof, and in
such event the Company shall have no liability by reason of such termination.

               (c) Retirement. The Executive shall be deemed terminated
automatically, without liability to Executive pursuant to this Agreement, upon
Retirement (as hereinafter defined) of Executive without liability to the
Company pursuant to this Agreement. "Retirement" as used in this Agreement shall
be deemed to occur upon the Executive's having reached such age as shall have
been fixed in any arrangement mutually established by the Company and the
Executive.

               (d) Cause. The Company may terminate the Executive, without
liability to the Executive pursuant to this Agreement, if the Executive's
employment with the Company is terminated for Cause. For purposes solely of
determining whether the Company may terminate the Executive pursuant to this
Section 3(d) without liability to the Executive, the Executive shall be deemed
to have been terminated for "Cause" only if Executive had engaged in fraud,
misappropriation or embezzlement, or any conviction or admission of a felony or
other offense involving dishonest or moral turpitude. Notwithstanding the
foregoing, the Executive shall not be deemed, for purposes of this Agreement, to
have been terminated for Cause unless and until there shall have been delivered
to the Executive a copy of a resolution duly adopted by the affirmative vote of
not less than five-eighths of the entire membership of the Company's Board at a
meeting of the Board called and held for that purpose (after reasonable notice
to the Executive and an opportunity for the Executive, together with the
Executive's counsel, to be heard before the Board), finding that in the good
faith opinion of the Board the Executive was guilty of conduct set forth in the
second sentence of this Section 3(d) and specifying the particulars thereof in
detail.

               (e) Good Reason. The Executive may terminate the Executive's
employment for Good Reason at any time after a Change in Control during the
Term. For purposes of this Agreement, "Good Reason" shall mean any of the
following:

                                       2
<PAGE>   3

                  (i) The Company has materially changed the Executive's
position, duties, responsibilities, status, or offices as in effect immediately
prior to a Change in Control of the Company, or has removed the Executive from
or failed to reelect the Executive to any of such positions;

                  (ii) A reduction by the Company in the Executive's base salary
as in effect on the date hereof or as the same may be increased from time to
time during the Term.

                  (iii) Any failure by the Company to continue in effect any
benefit plan or arrangement (including, without limitation, the Company's life
insurance, accident, disability and health insurance plans, 401(k) and bonus
plans, stock options, and all other similar plans which are from time to time
made generally available to senior executives/officers of the Company) and in
which the Executive is participating at the time of a Change in Control of the
Company, unless there are substituted therefore plans or arrangements providing
the Executive with essentially equivalent and no less favorable benefits
(hereinafter referred to as "Benefit Plans"), or the taking of any action by the
Company which would adversely affect the Executive's participation in or
materially reduce the Executive's benefits under any such Benefit Plan or
deprive the Executive of any material fringe benefit enjoyed by the Executive at
the time of a Change in Control of the Company;

                  (iv) Any failure by the Company to continue in effect any
incentive plan or arrangement (including, without limitation, the Company's
plans enumerated in subparagraph (iii) above and similar incentive compensation
benefits) in which the Executive is participating at the time of a Change in
Control of the Company, unless there are substituted therefore plans or
arrangements providing the Executive with essentially equivalent and no less
favorable benefits (hereinafter referred to as "Incentive Plans"), or the taking
of any action by the Company which would adversely affect the Executive's
participation in any such Incentive Plan or reduce the Executive's potential
benefits under any such Incentive Plan, expressed as a percentage of his base
salary, by more than 10 percentage points in any fiscal year as compared to the
immediately preceding fiscal year;

                  (v) Any failure by the Company to continue in effect any plan
or arrangement to receive securities of the Company (including, without
limitation, the Company's stock option and purchase plans and any other plan or
arrangement to receive and exercise stock options, stock appreciation rights,
restricted stock or grants thereof) in which the Executive is participating at
the time of a Change in Control of the Company, unless there are substituted
therefor plans or arrangements providing the Executive with essentially
equivalent and no less favorable (hereinafter referred to as "Securities
Plans"), or the taking of any action by the Company which would adversely affect
the Executive's participation in or materially reduce the Executive's benefits
under any such Securities Plan;

                  (vi) A relocation of the Company's principal executive offices
to a location outside of Orange County, California, or the Executive's
relocation to any place other than the location at which the Executive performed
the Executive's duties prior to a Change in Control of the Company, except for
required travel by the Executive on the Company's business to an extent
substantially consistent with the Executive's business travel obligations during
the 12 months immediately preceding a Change of Control of the Company;

                                       3
<PAGE>   4

                  (vii) Any failure by the Company to provide the Executive with
the number of paid vacation days to which the Executive is entitled at the time
of a Change of Control of the Company;

                  (viii) Any material breach by the Company of any provision of
this Agreement;

                  (ix) Any failure by the Company to obtain the assumption of
this Agreement by any successor or assignee of the Company; or

                  (x) Any purported termination of the Executive's employment
that is not effected pursuant to a Notice of Termination satisfying the
requirements of Section 3(f), and for purposes of this Agreement, no such
purported termination shall be effective.

               (f) Notice of Termination. Any termination of the Executive by
the Company for Disability pursuant to Section 3(b) or for Cause pursuant to
Section 3(d) shall be communicated by a Notice of Termination. For purposes of
this Agreement, a "Notice of Termination" shall mean a written notice which
shall indicate those specific termination provisions in this Agreement relied
upon and which set forth in reasonable detail the facts and circumstances
claimed to provide a basis for termination of the Executive's employment under
the provisions so indicated. For purposes of this Agreement, no such purported
termination by the Company shall be effective without such Notice of
Termination.

               (g) Date of Termination. "Date of Termination" shall mean (i) if
the Executive is terminated by the Company for Disability, 30 days after Notice
of Termination is given to the Executive (provided that the Executive shall not
have returned to the performance of the Executive's duties on a full-time basis
during such 30-day period) or (ii) if the Executive is terminated by the Company
for any other reason, the date on which a Notice of Termination is given;
provided that if within 30 days after any Notice of Termination is given to the
Executive by the Company the Executive notifies the Company that a dispute
exists concerning the termination, the Date of Termination shall be the date the
dispute is finally determined, whether by mutual agreement by the parties or
upon final judgment, order or decree of a court of competent jurisdiction (the
time for appeal therefrom having expired and no appeal having been perfected).

         4. Severance Compensation upon Termination of Employment. Subject to
Section 4(e) below, if, within twenty-four (24) months following a Change in
Control, the Company shall terminate the Executive's employment other than
pursuant to Section 3(b), 3(c) or3(d), or if the Executive terminates his
employment for Good Reason pursuant to Section 3(e), then:

               (a) Severance Payment. The Company shall pay to the Executive as
severance pay a lump sum, in cash, in full on the fifth day following the Date
of Termination an amount equal to (i) the Executive's highest annual base salary
in effect during the 12-month period immediately preceding the Date of
Termination, and (ii) a lump sum payment of the Executive's incentive
compensation bonus that would otherwise be payable to Executive under the
Company's Bonus Plan then in effect for the year in which the Date of
Termination occurred assuming one hundred percent (100%) satisfaction of all
performance goals established under such Bonus Plan for the Executive,
multiplied by 1.0. The foregoing payment shall be in addition to any payments or
other compensation that would otherwise be payable to executives under any other
then existing Severance

                                       4
<PAGE>   5

Plan of the Company. All payments hereunder shall be made net of withholdings
required by applicable federal, state or local laws.

               (b) Stock Options. All stock options not currently exercisable
held by the Executive will accelerate and become exercisable as of the Date of
Termination.

               (c) Restricted Stock. All restrictions on any restricted stock,
including without limitation any vesting requirements on any unvested stock,
held by the Executive as of the Date of Termination shall be removed.

               (d) Continuation of Benefits. The Company shall continue for a
period of one year from the Date of Termination to provide the following
benefits to the Executive on the same terms as provided to the Executive on the
Date of Termination:

                  (i) Participation in the Company's medical, dental and vision
plans;

                  (ii) Long-term disability insurance;

                  (iii) Life Insurance.

Notwithstanding the foregoing, any benefits payable under this subsection 4(d)
shall terminate at such time as the Executive becomes eligible for similar
benefits from any subsequent employer; provided, however, that at the end of the
period of coverage hereinabove provided for, the Executive shall have the option
to have assigned to the Executive at no cost and with no apportionment of
prepaid premiums, any assignable insurance owned by the Company and relating
specifically to the Executive.

               (e) Limitation. To the extent that any or all of the payments and
benefits provided for in this Agreement constitute "parachute payments" within
the meaning of Section 280G of the Internal Revenue Code (the "Code") and, but
for this Section 4(e), would be subject to the excise tax imposed by Section
4999 of the Code, then the aggregate amount of such payments and benefits shall
be reduced such that the present value thereof (as determined under the Code and
applicable regulations) is equal to 2.99 times the Executive's "base amount" (as
defined in the Code).

The determination of any reduction or increase of any payment or benefits under
this Section 4 pursuant to the foregoing provision shall be made by a nationally
recognized public accounting firm chosen by the Company in good faith, and such
determination shall be conclusive and binding on the Company and the Executive.

         5. No Obligation to Mitigate Damages: No Effect on Other Contractual
Rights.

               (a) No Obligation to Mitigate. The Executive shall not be
required to mitigate damages or the amount of any payment provided for under
this Agreement by seeking other employment or otherwise, nor, except as set
forth in Section 4(d), shall the amount of any payment provided for under this
Agreement be reduced by any compensation earned by the Executive as the result
of employment by another employer after the Date of Termination, or otherwise.

               (b) No Effect on Other Contractual Rights. The provisions of this
Agreement, and any payment provided for hereunder, shall not reduce any amounts
otherwise payable, or in any way diminish the Executive's existing rights, or
rights which would accrue solely as a result of the

                                       5
<PAGE>   6

passage of time, under any Benefit Plan, Incentive Plan or Securities Plan,
employment agreement or other contract, plan or arrangement.

         6. Successors and Assigns.

               (a) The Company. As used in this Agreement, "Company" shall mean
the Company as hereinbefore defined and any successor or assignee to its
business and/or assets as aforesaid which assumes the obligations of the Company
under this Agreement or which otherwise becomes bound by all of the terms and
provisions of this Agreement by operation of law. If at any time during the term
of this Agreement the Executive is employed by any corporation a majority of the
voting securities of which is then owned by the Company, such indirect
employment of the Executive by the Company shall not excuse the Company from
performing its obligations under this Agreement as if the Executive were
directly employed by the Company, and the Company agrees that it shall pay or
shall cause such employer to pay any amounts owed to the Executive pursuant to
Section 4 hereof, notwithstanding any such indirect employment relationship.

               (b) The Executive. This Agreement shall inure to the benefit of
and be enforceable by the Executive's personal and legal representatives,
executors, administrators, successors, heirs, distributees, devisees and
legatees. If the Executive should die while any amounts are still payable to him
hereunder, all such amounts, unless otherwise provided herein, shall be paid in
accordance with the terms of this Agreement to the Executive's devisee, legatee,
or other designee or, if there be no such designee, to the Executive's estate.

         7. Notice. For purposes of this Agreement, notices and all other
communications provided for in the Agreement shall be in writing and shall be
deemed to have been duly given when delivered, one business day after being sent
for overnight delivery by a nationally recognized overnight courier or three
business days after being mailed by United States registered mail,
return-receipt requested, postage-prepaid, addressed as follows:

               If to the Company:

                           Vice President
                           Datum Inc.
                           9975 Toledo
                           Irvine, California 92612

               If to the Executive:

                           4943 Tilos Way
                           Oceanside, CA 92056

or such other address as either party may have furnished to the other in writing
in accordance herewith, except that notices of change of address shall be
effective only upon receipt.

         8. Miscellaneous. No provisions of this Agreement may be modified,
waived or discharged unless such waiver, modification or discharge is agreed to
in writing signed by the Executive and the Company. No waiver by either party
hereto at any time of any breach by the other party hereto of, or compliance
with, any condition or provision of this Agreement to be performed by such other
party shall be deemed a waiver of similar or dissimilar provisions or conditions
at the

                                       6
<PAGE>   7

same or at any prior or subsequent time. No agreements or representations, oral
or otherwise, express or implied, with respect to the subject matter hereof have
been made by either party which are not set forth expressly in this Agreement.
This Agreement shall be governed by and construed in accordance with the laws of
the State of California.

         9. Validity. The invalidity or unenforceability of any provisions of
this Agreement shall not affect the validity or enforceability of any other
provision of this Agreement, which shall remain in full force and effect.

         10. Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall be deemed to be an original but all of which
together will constitute one and the same instrument.

         11. Arbitration, Legal Fees and Expenses. In the event of any
controversy, claim or dispute between the parties hereto arising out of or
relating to this Agreement, the matter shall be determined by arbitration, which
shall take place in Orange County, California, under the rules of the American
Arbitration Association; and a judgment upon such award may be entered in any
court having jurisdiction thereof. Any decision or award of such arbitrator
shall be final and binding upon the parties and shall not be appealable. The
parties hereby consent to the jurisdiction of such arbitrator and of any court
having jurisdiction to enter judgment upon and enforce any action taken by such
arbitrator. The Company shall pay all legal fees and expenses that the Executive
may incur as a result of the Company's contesting the validity, enforceability
or the executive's interpretation of, or determinations under, this Agreement.

         12. Confidentiality. The Executive shall retain in confidence any and
all confidential information known to the Executive concerning the Company and
its business so long as such information is not otherwise publicly disclosed.

         13. Entire Agreement. This Agreement contains all of the terms agreed
upon between the Executive and the Company with respect to the subject matter
hereof and replaces and supersedes all prior severance agreements between the
Executive and the Company. The Executive and the Company agree that no term,
provision or condition of this Agreement shall be held to be altered, amended,
changed or waived in any respect except as evidenced by written agreement of the
Executive and the Company.

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date and year first above written.

"COMPANY"                                   "EXECUTIVE"

DATUM, INC.

By:  /s/ Dan L. McGurk                      By: /s/ Raymond L. Waguespack
     --------------------------------           --------------------------------
Name:    Dan L. McGurk                      Name:    Raymond L. Waguespack
Title:   Chairman of the Compensation       Title:   Vice President
         Committee

                                       7FORM OF STOCK PURCHASE AGREEMENT

                  STOCK PURCHASE AGREEMENT (this "Agreement") made and entered
as of this 7th day of January 2000, by and among DELICIOUS BRANDS, INC., a
Delaware corporation (the "Company") and the purchasers set forth on Schedule A
attached hereto (each a "Purchaser" and, collectively, the "Purchasers").

                                   WITNESSETH:

                  WHEREAS, the Company desires to issue and sell, and the
Purchasers desire to purchase, all upon the terms and subject to the conditions
set forth in this Agreement, shares of the Series C Convertible Preferred Stock
of the Company, par value $.01 per share (the "Series C Preferred Stock").

                  NOW, THEREFORE, in consideration of the premises and of the
mutual covenants and agreements of the parties herein contained, the parties
hereby agree as follows:

                  1.       Purchase and Sale of Stock.

                           1.1 Sale and Issuance of Series C Preferred Stock.

                           (a) A Certificate of Designation, as amended (the
"Certificate"), setting forth the designation, preferences and other rights and
qualifications of the Series C Preferred Stock (the "Series C Preferred Stock")
in the form attached hereto as Exhibit A has been filed with the Secretary of
State of the State of Delaware and the Company has authorized the issuance and
sale of up to 253,663 shares of the Series C Preferred Stock (the "Shares").

                           (b) Subject to the terms and conditions of this
Agreement, each Purchaser severally agrees to purchase at the Closing (as
defined below), and the Company agrees to sell and issue to each Purchaser at
the Closing, the number of shares of the Series C Preferred Stock set forth
opposite such Purchaser's name on the Schedule of Purchasers attached hereto as
Schedule A, at a purchase price of $20.00 per share.

                           1.2 Closing.

                           (a) The First Closing.  The closing of the purchase
and the sale of the Shares of Series C Preferred Stock hereunder (the "Closing")
shall be held at the offices of Olshan Grundman Frome Rosenzweig & Wolosky LLP,
505 Park Avenue, New York, New York 10022 at 10 a.m., local time, on the date
hereof, or at such other time and place upon which the Company and the
Purchasers participating in such Closing shall agree (the "First Closing Date").

                           (b) Subsequent Closings.  One or more additional
closings of the purchase and sale of the Shares of Series C Preferred Stock may
occur solely at the discretion of the Company.  Any such additional closing may
be evidenced by the execution of an additional signature page to this Agreement
by the Company and an additional Purchaser, and the inclusion of such additional
Purchaser's name (along with the number of Shares such additional Purchaser is
purchasing, together with the aggregate purchase price to be paid for such
Shares) on the Schedule of Purchasers, without any requirement on the part of
the Company to seek the consent or approval of the Purchasers.

                           (c) General.  For purposes of this Agreement, unless
the context otherwise requires, the specific closing at which the sale and
purchase of Shares occurs shall be referred to herein as the "Closing" for such
sale and purchase.  The applicable date of each such sale and purchase of Shares
is referred to herein for purposes of such sale and purchase as the  "Closing
Date."

                           (d) Delivery.  At the Closing, the Company shall
deliver to each Purchaser a certificate or certificates, registered in such
Purchaser's name as set forth on the Schedule of Purchasers, representing the
number of Shares designated on the Schedule of Purchasers to be purchased by
such Purchaser, against payment of the purchase price therefore.  The purchase
price for the Shares may be paid by (i) check payable to the Company,  (ii) wire
transfer pursuant to the Company's instructions or  (iii) cancellation of
indebtedness.

                  2.  Representations, Warranties and Covenants of the Company.
The Company represents warrants and covenants to the Purchasers as follows:

                      2.1 Corporate Organization.  The Company is a corporation
duly organized, validly existing and in good standing under the laws of the
State of Delaware, and has all requisite corporate power and authority to own,
operate and lease its properties and to carry on its business as and in the
places where such properties are now owned, operated and leased or such business
is now being conducted.

                      2.2 Authorization. The Company has the necessary corporate
power and authority to enter into this Agreement and to assume and perform its
obligations hereunder.  The execution and delivery of this Agreement and the
performance by the Company of its obligations hereunder have been duly
authorized by the Board of Directors of the Company.  This Agreement has been
duly executed and delivered by the Company and constitutes a legal, valid and
binding obligation of the Company enforceable against it in accordance with its
terms, subject to (i) applicable bankruptcy, insolvency, reorganization and
moratorium laws,  (ii) other laws of general   application   affecting the
enforcement of creditors' rights generally and general principles of equity,
(iii) the discretion of the court before which any proceeding therefore may be
brought, and (iv) as rights to indemnity may be limited by federal or state
securities laws or by public policy.

                                       -2-

                      2.3 Approvals and Consents. No action, approval, consent
or authorization, including, but not limited to, any action, approval, consent
or authorization by any governmental or quasi-governmental agency, commission,
board, bureau, or instrumentality is necessary or required as to the Company in
order to constitute this Agreement as a valid, binding and enforceable
obligation of the Company in accordance with its terms, except for the consent
of U.S.  Bancorp Republic Commercial Finance, Inc., which the Company has
obtained.

                  3.  Representations and Warranties of the Purchasers.  Each of
the Purchasers represents and warrants to the Company as to itself as follows:

                      3.1 Organization and Existence. To the extent indicated on
The signature pages hereto, such Purchaser is either (i) a limited partnership
duly organized and validly existing under the laws of its respective state of
formation,  (ii) a limited liability company duly organized and validly existing
under the laws of its respective state of formation,  (iii) a corporation duly
organized and validly existing under the laws of its respective state of
incorporation or (iv) an individual.  Each Purchaser represents that it was not
organized for the purpose of making an investment in the Company.

                      3.2 Authorization. The execution, delivery and performance
of this Agreement by such Purchaser and the consummation by such Purchaser of
the transactions contemplated hereby and thereby are within the powers of such
Purchaser and have been duly authorized by all necessary individual, corporate,
partnership or limited liability company action, as appropriate, on the part of
such Purchaser.  This Agreement has been duly executed and delivered by such
Purchaser and constitutes a legal, valid and binding obligation of the Purchaser
enforceable against such Purchaser in accordance with its terms, subject to (i)
applicable bankruptcy, insolvency, reorganization and moratorium laws, (ii)
other laws of general application affecting the enforcement of creditors' rights
generally and general principles of equity,  (iii) the discretion of the court
before which any proceeding therefore may be brought, and (iv) as rights to
indemnity may be limited by federal or state securities laws or by public
policy.

                      3.3 Approvals and Consents. No action, approval, consent
or authorization, including, but not limited to, any action, approval, consent
or authorization by any governmental or quasi-governmental agency, commission,
board, bureau, or instrumentality is necessary or required as to such Purchaser
in order to constitute this Agreement as a valid, binding and enforceable
obligation of such Purchaser in accordance with its terms.

                      3.4 Investment.  Such Purchaser is acquiring the Shares
being purchased by it for its own account as principal, not as a nominee or
agent, for investment purposes only, and not with a view to, or for, resale,
distribution or fractionalization thereof in whole or in part and no other
person or entity has a direct or indirect beneficial interest in such Shares.
Such Purchaser does not have any contract, undertaking, agreement or arrangement
with any person or entity to sell, transfer or grant participations to such
person or entity or to any third person or entity with respect to any of such
Shares.

                                       -3-

                      3.5   Exemption   From   Registration.    Such   Purchaser
acknowledges that the offering and sale of the Shares  (the  "Offering") is
intended to be exempt from registration under the Securities Act of 1933, as
amended (the "Securities Act"), by virtue of Section 4(2) of the Securities Act
and the provisions of Regulation D promulgated thereunder  ("Regulation D"). In
furtherance thereof, such Purchaser represents and warrants to the Company as
follows:

                      (i) Such Purchaser realizes that the basis for the
                      exemption may not be present if, notwithstanding any
                      representations and/or warranties to the contrary herein
                      contained, such Purchaser has in mind merely acquiring the
                      Shares for a fixed or determinable period in the future;

                      (ii) Such Purchaser has the financial ability to bear the
                      economic risk of his investment, has adequate means for
                      providing for its current needs and contingencies and has
                      no need for liquidity with respect to its investment in
                      the Company; and

                      (iii) Such Purchaser has such knowledge and experience in
                      financial, and business matters as to be capable of
                      evaluating the merits and risks of an investment in the
                      Shares.

                      3.6 Accredited Investor.  Such Purchaser is an "accredited
investor," as that term is defined in Rule 501 of Regulation D.

                      3.7 Available Information. Such Purchaser:

                      (i) Has been furnished with any and all documents that may
                      have been made available by the Company upon request of
                      the Purchaser for a reasonable time prior to the date
                      hereof including, but not limited to, those documents set
                      forth on Annex A hereto;

                      (ii) Has been provided an opportunity for a reasonable
                      time prior to the  date  hereof  to  obtain  additional
                      information  concerning the Offering,  the Company and all
                      other information to the extent the Company possesses such
                      information or can acquire it without  unreasonable effort
                      or expense;

                      (iii) Has been given the opportunity for a reasonable time
                      prior to the date hereof to ask  questions of, and receive
                      answers   from,   the   Company  or  its   representatives
                      concerning  the terms and  conditions  of the Offering and
                      other  matters  pertaining to an investment in the Shares,
                      or that which was otherwise  provided in order for them to
                      evaluate  the merits and risks of a purchase of the Shares
                      to the extent the Company  possesses  such  information or
                      can acquire it without unreasonable effort or expense;

                                       -4-

                      (iv) Has not been furnished  with any oral  representation
                      or oral information in connection with the Offering; and

                      (v)  Has  determined   that  the  Shares  are  a  suitable
                      investment  for such  Purchaser and that at this time such
                      Purchaser could bear a complete loss of such investment.

                      3.8  Purchaser  Representative.   Such  Purchaser  is  not
relying  on  any  statements  or  representations  made  by the  Company  or its
affiliates   or  any   purchaser   representative   with   respect  to  economic
considerations involved in an investment in the Shares.

                      3.9 Transfer  Restrictions.  Such Purchaser shall not sell
or  otherwise  transfer  any  of  the  Shares  without  registration  under  the
Securities Act or an exemption  therefrom and such Purchaser  fully  understands
and agrees that such Purchaser  must bear the economic risk of such  Purchaser's
purchase because, among other reasons, the Shares have not been registered under
the  Securities Act or under the  securities  laws of any state and,  therefore,
cannot be resold,  pledged,  assigned or  otherwise  disposed of unless they are
subsequently  registered  under the  Securities  Act and  under  the  applicable
securities  laws of such states,  or unless  exemptions  from such  registration
requirements  are  available.  In  particular,  such Purchaser is aware that the
Shares  are  "restricted  securities,"  as such  term  is  defined  in Rule  144
promulgated  under the Securities Act. Such Purchaser also  understands that the
Company is under no obligation to register the Shares on such Purchaser's behalf
or  to  assist  such   Purchaser  in  complying  with  any  exemption  from  the
registration  requirements of the Securities Act or applicable  state securities
laws. Such Purchaser  further  understands that sales or transfers of the Shares
are further  restricted  by state  securities  laws and the  provisions  of this
Agreement.

                      3.10 Entire Agreement.  No  representations  or warranties
have been made to such  Purchaser  by the  Company,  or any  officer,  director,
employee,  agent,  affiliate  or  subsidiary  of the  Company  other  than those
contained  herein and in  subscribing  for Shares such  Purchaser is not relying
upon any representations other than those contained herein.

                      3.11  Purchaser  Information.  Any  information  that such
Purchaser has heretofore  furnished or is simultaneously  herewith furnishing to
the Company with  respect to such  Purchaser's  financial  position and business
experience  is correct  and  complete as of the date of this  Agreement  and, if
there should be any material  change in such  information,  such  Purchaser will
immediately furnish revised or corrected information to the Company.

                      3.12 Legends.  The Purchaser  understands and acknowledges
that the Shares and the shares of the Company's Common Stock, par value $.01 per
share ("Common Stock"),  issuable upon conversion of the Shares (the "Conversion
Shares") shall bear a legend  substantially as follows until (i) such securities
shall  have  been  registered  under the  Securities  Act and  effectively  been
disposed of in accordance with an effective registration statement thereunder;

                                       -5-

or (ii) in the opinion of counsel for the Company  such  securities  may be sold
without  registration  under the Securities Act as well as any applicable  "Blue
Sky" or state securities laws:

                  "THESE  SECURITIES  HAVE NOT BEEN  REGISTERED  UNDER THE
                  SECURITIES  ACT OF 1933,  AS  AMENDED  (THE  "SECURITIES
                  ACT"),  AND  THEY  MAY NOT BE  OFFERED,  SOLD,  PLEDGED,
                  HYPOTHECATED,   ASSIGNED  OR   TRANSFERRED   EXCEPT  (i)
                  PURSUANT   TO  A   REGISTRATION   STATEMENT   UNDER  THE
                  SECURITIES ACT WHICH HAS BECOME EFFECTIVE AND IS CURRENT
                  WITH RESPECT TO THESE SECURITIES,  OR (ii) PURSUANT TO A
                  SPECIFIC   EXEMPTION   FROM   REGISTRATION   UNDER   THE
                  SECURITIES  ACT BUT  ONLY  UPON A  HOLDER  HEREOF  FIRST
                  HAVING  OBTAINED  THE  WRITTEN  OPINION  OF  COUNSEL  TO
                  DELICIOUS  BRANDS,  INC. (THE  "CORPORATION"),  OR OTHER
                  COUNSEL REASONABLY  ACCEPTABLE TO THE CORPORATION,  THAT
                  THE  PROPOSED   DISPOSITION   IS  CONSISTENT   WITH  ALL
                  APPLICABLE  PROVISIONS OF THE  SECURITIES ACT AS WELL AS
                  ANY  APPLICABLE  "BLUE  SKY" OR OTHER  STATE  SECURITIES
                  LAW."

                      3.13  Purchaser  Address.  The  address  set  forth on the
signature pages of this Agreement is such Purchaser's true and correct business,
residence or domicile address.

                      3.14 Non-Marketable Investments.  Such Purchaser's overall
commitment   to   investments   that   are  not   readily   marketable   is  not
disproportionate  to such Purchaser's net worth, and an investment in the Shares
will not cause such overall commitment to become excessive.

                      3.15 Finders.  Such Purchaser represents and warrants that
such Purchaser has not retained any finder,  broker, agent, financial advisor or
other  intermediary  in connection  with the  transactions  contemplated by this
Agreement and agrees to indemnify  and hold harmless the Company,  its officers,
directors, affiliates, subsidiaries, employees and agents from liability for any
compensation  to any such  intermediary  retained by such Purchaser and the fees
and expenses of defending against such liability or alleged liability.

                      3.16 Survival. The foregoing  representations,  warranties
and agreements shall survive the execution of this Agreement.

                                       -6-

                  4.  Piggyback Registration.

                      4.1 Registration  Rights. If, at any time commencing after
the date hereof,  the Company  proposes to register any of its securities  under
the  Securities  Act  (other  than  pursuant  to Form S-8,  S-4 or a  comparable
registration statement) it will give written notice by registered mail, at least
thirty (30) days prior to the filing of each such registration statement, to the
Purchasers  of its  intention  to do so. If any of the  Purchasers  notifies the
Company  within  twenty (20) days after receipt of any such notice of its desire
to include any of the Conversion Shares in such proposed registration statement,
the  Company  shall  afford  such  Purchaser  the  opportunity  to have any such
Conversion Shares (referred to in this Section 4 as the "Securities") registered
under such registration statement.

                  Notwithstanding  the  provisions  of  this  Section  4.1,  the
Company  shall  have the right at any time  after it shall  have  given  written
notice pursuant to this Section 4.1  (irrespective  of whether a written request
for inclusion of any such Securities  shall have been made) to elect not to file
any such  proposed  registration  statement,  or to withdraw  the same after the
filing but prior to the effective date thereof.

                      4.2 Provisions With Respect to Registration. In connection
with any registration under Section 4.1 hereof,  the following  provisions shall
apply:

                          (a) The Company (i) shall use its best efforts to file
a registration  statement  within sixty (60) days of receipt of any request by a
Purchaser  to have its  Securities  included  therein,  (ii)  shall use its best
efforts to have such registration  statement  declared effective at the earliest
possible time, and (iii) shall furnish to each Purchaser  whose  Securities have
been  included  in  such  registration  statement  (each  a  "Participant"  and,
collectively,   the  "Participants")   such  number  of  prospectuses  as  shall
reasonably be requested.

                          (b) The  Company  shall pay all costs  (excluding  any
underwriting or selling commissions or other charges of any broker-dealer acting
on  behalf  of  a  Participant),  fees  and  expenses  in  connection  with  all
registration  statements  filed pursuant to this Section 4,  including,  without
limitation,  the Company's legal and accounting fees, printing expenses and blue
sky fees and expenses.

                          (c) The Company will take all  necessary  action which
may be  required in  qualifying  or  registering  the  Securities  included in a
registration  statement  for offering and sale under the  securities or blue sky
laws of such states as reasonably  are requested by the  Participants,  provided
that the  Company  shall not be  obligated  to (i)  execute or file any  general
consent to service  of  process,  (ii)  qualify as a foreign  corporation  to do
business  under the laws of any such  jurisdiction  or (iii)  subject  itself to
taxation in such jurisdiction.

                          (d) The Company shall  indemnify each  Participant and
each person, if any, who controls such Participant within the meaning of Section
15 of the Securities Act

                                       -7-

or  Section  20(a) of the  Securities  Exchange  Act of 1934,  as  amended  (the
"Exchange  Act"),  against  all  loss,  claim,  damage,   expense  or  liability
(including  all  expenses  reasonably  incurred in  investigating,  preparing or
defending  against any claim whatsoever) to which any of them may become subject
under the  Securities  Act,  the Exchange  Act or  otherwise,  arising from such
registration  statement (excluding any loss, claim, damage, expense or liability
arising  from  information  furnished  in  writing  by  or  on  behalf  of  such
Participant,  or its  successors  or assigns,  for  specific  inclusion  in such
registration statement).

                      (e) Each Participant and its successors and assigns, shall
indemnify the Company,  its officers and directors and each person,  if any, who
controls the Company  within the meaning of Section 15 of the  Securities Act or
Section 20(a) of the Exchange Act, against all loss, claim, damage or expense or
liability   (including  all  expenses   reasonably  incurred  in  investigating,
preparing or defending  against any claim  whatsoever)  to which they may become
subject under the Securities Act, the Exchange Act or otherwise,  arising solely
from the inclusion in such  registration  statement of information  furnished in
writing  by or on behalf of such  Participant,  or its  successors  or  assigns,
specifically  for  use  in  such  registration  statement;  provided  that  each
Participant's  liability hereunder shall not exceed the net proceeds of the sale
of Securities by such Participant pursuant to such registration statement.

                      (f) Nothing contained in this Agreement shall be construed
as requiring a Purchaser  to convert its Shares  prior to the initial  filing of
any registration statement or the effectiveness thereof.

                      (g) In the case of an  underwritten  offering  pursuant to
Section 4.1, if the managing  underwriter with respect to such offering requests
in writing that the number of the Company's  securities to be offered by selling
security holders in the registration be reduced because,  in the judgment of the
managing  underwriter,  the proposed  offering would be materially and adversely
affected,  then such securities  shall be reduced by such amount as the managing
underwriter  may  determine  in writing so as to not  materially  and  adversely
affect the  proposed  offering,  which  reduced  number of  securities  shall be
included  in the  offering,  selected,  first,  from  any  persons  or  entities
participating in such offering pursuant to demand registration rights and, next,
to the extent available,  among the other selling security holders participating
in such offering,  as nearly as possible pro rata, on the basis of the number of
the  Company's  securities  so requested  by each holder  thereof to be included
therein.

                      (h) Each  Participant,  if, as and when its Securities are
covered by a registration  statement filed pursuant to this Section 4, agrees if
and to the  extent  requested  by the  managing  underwriter,  in the case of an
underwritten sale of its Securities (to the extent timely notified in writing by
the  Company or the  managing  underwriter),  not to effect  any public  sale or
distribution  of  its  Securities  included  in  such  registration   statement,
including a sale  pursuant to Rule 144 (or any similar rule then in force) under
the Act,  except as part of such  underwritten  registration,  during the 30-day
period prior to, and a period of up to 180 days (as determined by the managing

                                       -8-

underwriter)  beginning on, the effective date of any  underwritten  sale of its
Securities made pursuant to such registration statement.

                  5.  General Provisions.

                      5.1 Entire Agreement; Amendment and Waiver. This Agreement
and that certain letter  agreement dated February 5, 2000 constitutes the entire
agreement  between  the  parties  hereto  with  respect  to the  subject  matter
contained  herein and supersedes all prior oral or written  agreements,  if any,
between the parties  hereto with respect to such subject  matter and,  except as
otherwise  expressly  provided herein,  is not intended to confer upon any other
person any rights or remedies hereunder.  Any amendments hereto or modifications
hereof must be made in writing and executed by each of the parties  hereto.  Any
failure by the Company or the Purchasers to enforce any rights  hereunder  shall
not be deemed a waiver of such rights.

                      5.2  Notices.   Unless  otherwise  provided,   any  notice
required or permitted  under this Agreement  shall be given in writing and shall
be  deemed  effectively  given  (i) upon  personal  delivery  to the party to be
notified,  (ii) four (4) days after  deposit with the United States Post Office,
by registered or certified mail, postage prepaid, or (iii) one day after deposit
with a reputable  overnight  courier  service and  addressed  to the party to be
notified at the address  indicated for such party on the signature  page hereof,
or at such other  address as such party may  designate by ten (10) days' advance
written  notice to the other  parties,  with a copy (which shall not  constitute
notice) for the Company to Olshan  Grundman Frome  Rosenzweig & Wolosky LLP, 505
Park Avenue, New York, New York 10022-1170, Attention: Steven Wolosky, Esq.

                      5.3 Governing  Law. This  Agreement  shall be governed by,
and  construed  in  accordance  with,  the laws of the State of New York without
giving effect to conflict of laws principles.

                      5.4 Binding  Effect;  Assignment.  This  Agreement and the
various rights and obligations  arising  hereunder shall inure to the benefit of
and be binding upon the Company and the Purchasers and each of their  respective
successors and assigns.  Neither this Agreement nor any of the rights, interests
or obligations  hereunder  shall be transferred or assigned (by operation of law
or otherwise) by any of the parties hereto without the prior written  consent of
the other  parties  hereto.  Any  transfer or  assignment  of any of the rights,
interests  or  obligations  hereunder  in violation of the terms hereof shall be
void and of no force or effect.

                      5.5   Expenses.   All  costs  and  expenses   incurred  in
connection with this Agreement and the transactions contemplated hereby shall be
paid by the party incurring such costs and expenses.

                      5.6 Headings.  The headings or captions  contained in this
Agreement  are for  reference  purposes only and shall not affect in any way the
meaning or interpretation of this Agreement.

                                       -9-

                      5.7 Pronouns. Whenever the pronouns "it" or "its" are used
herein,  they  shall  also be  deemed  to mean  "he" or "his" or "she" or "hers"
whenever applicable. Words in the singular shall be read and construed as though
in the plural and words in the plural  shall be read and  construed as though in
the singular in all cases where they would so apply.

                      5.8  Severability.  If any term or other provision of this
Agreement is invalid,  illegal or  incapable of being  enforced by virtue of any
rule of law, or public  policy,  all other  conditions  and  provisions  of this
Agreement  shall  nevertheless  remain in full  force and  effect so long as the
economic  or legal  substance  of the  transactions  contemplated  hereby is not
affected in any manner adverse to any party.  Upon such  determination  that any
term or other provision is invalid,  illegal or incapable of being enforced, the
parties  hereto shall  negotiate in good faith to modify this Agreement so as to
effect  the  original  intent  of the  parties  as  closely  as  possible  in an
acceptable  manner  to the end that the  transactions  contemplated  hereby  are
fulfilled to the maximum extent possible.

                      5.9 Information Confidential.  Each Purchaser acknowledges
that the information  received by it pursuant hereto may be confidential  and is
for such  Purchaser's use only. Such Purchaser  agrees that it will not use such
information  in  violation  of the  Exchange  Act,  or  reproduce,  disclose  or
disseminate  such  information to any other person , unless the Company has made
such information available to the public generally.

                      5.10  Counterparts.  This Agreement may be executed in one
or more  counterparts,  each of which  shall be deemed an  original,  but all of
which taken together shall constitute one and the same instrument.

                [Remainder of this page intentionally left blank]

                                      -10-

                  [SIGNATURE PAGE TO STOCK PURCHASE AGREEMENT]

                  IN WITNESS  WHEREOF,  the parties have executed this Agreement
as of the date first above written.

                                   COMPANY:

                                   DELICIOUS BRANDS, INC.

                                   By:
                                       -----------------------------------------
                                       Name:
                                       Title:

                                       Address:

                                   PURCHASERS:

                                   By:
                                       -----------------------------------------
                                       Name:
                                       Title:

                                       Address:

                                      -11-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00008-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00008-of-00352.parquet"}]]