Document:

EXHIBIT 10.6

                 TIERRA NEVADA EXPLORATION CORPORATION AGREEMENT

      This Agreement, dated as of June 30, 2005, is a binding agreement as to
the structure of a relationship between the parties hereto, and their affiliated
entities, pursuant to which the parties have developed plans for funding and
developing Tierra Nevada Exploration Company ("TNEC") as a Delaware limited
liability company or limited partnership. There are several responsibilities
discussed below, which the parties have agreed to accept, and the parties have
agreed to act as follows:

      1. THE PARTIES. Terra Insight Corporation ("TIC"), a wholly-owned
subsidiary of CompuPrint, Inc. ("CPPT"), and is a Delaware corporation with
offices at 99 Park Avenue, 16th Floor, New York, New York 10016 (facsimile:
212-808-4155). Enficon Establishment ("Enficon") is a Liechtenstein entity with
offices at Liechtenstein, Poststrasse 403, FL-9491 Ruggell.

      2. TIC has a STeP(TM) process for the mapping and analysis of satellite
and geological data that is used to assess the location and nature of natural
resources for exploration and development. For purposes hereof, "exploration"
means the activity, operations or work performed for the purpose of ascertaining
the existence, location, extent or quality of a natural resource deposit,
including such corporate, legal or other professional services, travel and other
expenses, that are reasonably related to the further development thereof as
contemplated by the parties hereto.

      3. TIC has mapped certain areas in the State of Nevada and identified
geological structures to an identified prospecting area TIC believes to have
significant unexploited value with regard to crude oil reserves. Through TNEC,
the plan is to pursue acquisition of the leases related to oil rights in certain
properties in the designated area of Nevada to implement an exploration program
for the drilling of three wells in the designated area of Nevada in 2005/2006
pursuant to, as specifically provided for, and as specifically limited in the
estimated budget annexed hereto as Schedule 1. TIC is the Manager (general
partner, managing partner or managing member) of TNEC. TNEC's business purpose
shall be for the exploration of a targeted structure within the identified
prospecting area in the State of Nevada and the drilling of three wells as
specifically provided for in Schedule 1. The Manager will arrange to provide
funding for TNEC specifically related to and in furtherance of the planned three
wells, by deposit within five (5) banking days from the date of TNEC
incorporation of $1 million of such amount in a TNEC bank account established
for the sole benefit of TNEC to effect the plan for exploration and development
of the three wells in the targeted structure. TIC further agrees to provide an
additional $2 million in funding to TNEC, provided that Enficon has purchased a
total of $5 million of CPPT convertible debentures in the form annexed as
Exhibit A to the Securities Purchase Agreement between the parties dated June
30, 2005. Enficon will immediately provide a written corporate guarantee of the
payment to TNEC, as capital contribution of the total amounts paid to TNEC by
CPPT and TIC, up to $3 million, and Enficon will fund that guarantee in
accordance with budgetary needs of TNEC as declared by TIC on notice to Enficon,
by Enficon's payment thereof within five business days of such notice by TIC
into the account of TNEC, and these amounts shall be solely for the funding of
exploration and other related activities of TNEC for the drilling of three wells
pursuant to Schedule 1 hereto. The funds provided through TIC shall be the first
funds spent by or for the benefit of TNEC. TIC and Enficon will each be entitled
to 50% of the equity interest of TNEC with an equal interest in the
distributions of TNEC, with Enficon's ownership interest and interest in
distributions being subject to the condition subsequent of payment to TNEC by
Enficon of an amount equal to the total amount paid to TNEC by CPPT and TIC, up
to $3 million for such interests. To the extent that Enficon pays less than $3
million to TNEC or less than such other amount as required hereby, and CPPT and
TIC pay more to TNEC than Enficon does, then the ownership interest and
distribution interest of Enficon in TNEC shall be reduced, such that if Enficon
pays $1 million to TNEC and fails to pay the balance, and CPPT/TIC pays $3
million to TNEC, then Enficon shall own an one-quarter equity interest of TNEC
and TIC shall own a three-quarter equity interest of TNEC, and, such equity
interest ownership shall be proportionately adjusted for funding by Enficon of
amounts more than $1 million to TNEC but less than $3 million. If Enifcon
provides at least $1 million pursuant to this Agreement, future dilution as to
the equity interests of TNEC and CPPT/TIC shall be on a

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pro rata basis. Moreover, if, for any reason, additional funding of TNEC is
required beyond the six million dollar estimated budget, or, if Enficon shall
fail to provide funding as required, if funding is required thereafter, and
Enficon has provided at least $1 million to TNEC pursuant hereto, TIC and
Enficon shall be responsible for attracting such financing, and the dilution of
equity in TNEC for such additional funding shall be borne by both TIC and
Enficon, proportionate to their ownership interests in TNEC.

      Provided Enficon has paid at least $1 million to TNEC, TNEC shall effect a
mandatory distribution of cash if: (i) TNEC is sold; (ii) there is a material
sale of material assets of TNEC; or (iii) if TNEC has accumulated a seven figure
surplus, in which event up to 50% of such surplus shall be distributed, up to
the amount of the capital contribution provided by the parties.

      4. TNEC, after additional data-gathering of technical, commercial and
business information, will negotiate agreements with target license holders and
property owners in the designated area in Nevada, as well as the negotiation of
other rights and agreements relating to the properties in the identified area
containing the targeted structure selected by TIC through its STeP(TM)
technology for the contemplated three wells.

      5. TNEC will further negotiations and due diligence with support from
third party advisors, including engineering, accounting and legal. This process
would include drafting, negotiation & completion of petroleum contracts and
purchase and sale agreements in support of the business and commercial aspects
of the process. TNEC would maintain updated technical analysis, financials;
complete acquisitions of licenses and sub-licenses with the owners/lessees of
the properties containing the targeted structure; and execute the exploration
and development of the venture, with the potential farming out, third-party
financing or other agreements with drillers and developers, among others.

      6. TIC will cause TNEC to provide regular reports to TIC and to Enficon,
communicating with bi-weekly and monthly reports, summarizing status,
recommendations and the forward plans. TNEC will establish office in Nevada.
Enficon will appoint one representative with full authorization and bank
signature to be present in such office. TIC, as the Manager of TNEC, covenants
that it shall keep Enficon regularly informed by weekly reports of all checks
written on the TNEC bank account as well as any material budgetary revisions,
and that Enficon shall receive a copy of the monthly bank statement as to TNEC's
bank account.

      7. Consistent with the TIC business plan described in the memorandum dated
June 30, 2005 previously provided to Enficon,.TIC will be assigned an overriding
royalty interest equal to five percent of 8/8ths of the leasehold or mineral
interest, including BLM oil and gas leases, acquired by TNEC .

      8. It is in reliance hereon that TIC is agreeing to the potential for
granting of a first right of refusal as to other projects of TIC, as is set
forth in Exhibit A hereto, conditioned upon payment of and conversion of the
entire $5 million of Convertible Debentures contemplated by the Securities
Purchase Agreement dated June 30, 2005 and after the full payment of $3 million,
or such amount as is equal to the amounts paid to TNEC by CPPT/TIC, by Enficon
to TNEC's bank account for Enficon's equity interest as provided herein.

      9. The STeP(TM) technology is and shall remain the property of TIC, and
there are no license or other rights to the STeP(TM) technology granted hereby
in any way.

      10. Notices hereunder shall be made in writing, and this agreement cannot
be changed orally, but only by a writing signed by the parties. Notices shall be
deemed delivered if sent by a reputable international overnight courier service,
if to: TIC at Terra Insight Corporation, 99 Park Avenue, 16th Floor, New York,
New York 10016 to the attention of Roman Rozenberg, Chief Executive Officer,
with copy to Dan Brecher (facsimile: 212-808-4155); and, if to: Enficon at
Liechtenstein, Poststrasse 403, FL-9491 Ruggell. Enfion may elect to receive
notices by express mail.

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      11. This Agreement shall be governed by the Laws of the State of New York,
and shall be subject to the jurisdiction of the courts of the County, City and
State of New York.

      12. If, as a result of a final determination of judicial proceedings
before a court of competent jurisdiction as provided for in Section 11 above,
any provision of this Agreement is held to be invalid, illegal or unenforceable,
it shall be considered severed from the Agreement, and all other provisions,
rights and obligations shall continue without regard to the severed provisions.

      13. This Agreement is made in the English language in two copies having
equal legal force, and each party hereto retains a copy hereof. This Agreement
may be executed in counterparts.

ENFICON ESTABLISHMENT                       TERRA INSIGHT CORPORATION

By:    /s/ Alexander Fedyaev                By: /s/ Roman Rozenberg
   ---------------------------                    ------------------------------
Name:  Alexander Fedyaev                    Name: Roman Rozenberg
     -------------------------                    ------------------------------
Title: Beneficiary Owner                    Title: Chief Executive Officer
       -----------------------                    ------------------------------

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                                   SCHEDULE 1

                        Total Approximate Budget for TNEC

1.    Working Capital:

      o     creation of TNEC
      o     working documents
      o     supplies, purchases of information
      o     legal, application paperwork
      o     consulting fees
      o     travel expenses

      Approximate: $320,000

2.    STeP(TM) technology expense:

      o     $650,000 - STeP(TM) 1 and STeP(TM) 2 work completed - payable
      o     $430,000 - payable upon completion of STeP(TM) 3

3.    Land lease: $1 million

4.    Geophysical survey interpretation: $600,000

5.    Preparation for Drilling:

      Drilling of three (3) wells: $3 million

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                                    EXHIBIT A
                        TO AGREEMENT DATED JUNE 30, 2005
                      BETWEEN TERRA INSIGHT CORPORATION AND
                              ENFICON ESTABLISHMENT

      This Exhibit A to the Agreement between Terra Insight Corporation ("TIC")
and Enficon Establishment ("Enficon") dated June 30, 2005 (the "TNEC Agreement")
is conditioned upon the investment of $5 million dollars in CPPT/TIC by Enficon
for the purchase of 5 million shares of CPPT common stock, and is of no effect
until Enficon has converted in full the total of $5 million of Convertible
Debentures as provided for in the Securities Purchase Agreement dated June 30,
2005, and has also provided in full amounts equal to the amounts paid to TNEC by
CPPT/TIC, up to $3 million, in working capital by Enficon to Tierra Nevada
Exploration Corporation ("TNEC") as set forth in the TNEC Agreement.

      In consideration of and subject to receipt of the above investments and
agreements, and full conversion of the Convertible Debentures, TIC hereby agrees
that it will grant to Enficon the non-assignable first right of refusal on the
basis stated herein for the providing of initial third party private funding to
projects thereafter that TIC may agree to finance utilizing affiliated entities
established by TIC for exploration projects that TIC plans to engage in
utilizing its STeP(TM) technology.

      The first right of refusal that would be granted hereafter to Enficon
shall be exercised in the following manner, only after Enficon has fully
converted the $5 million Convertible Debenture and paid amounts equal to the
amounts paid to TNEC by CPPT/TIC, up to $3 million investment in TNEC, and only
so long as Enficon retains ownership of the majority of the 5 million shares of
CPPT common stock received pursuant to conversion of the Convertible Debentures
referenced in the Securities Purchase Agreement dated June 30, 2005. After
Enficon has performed so as to receive the first right of refusal, TIC shall
inform Enficon, in writing, by email and/or facsimile and a reputable
international overnight courier service, sent to the address provided for in the
Agreement to which this is an Exhibit, as to any initial proposed private
funding opportunity available to TIC in any project entity for a project to
which TIC is about to commit utilizing its STeP(TM) technology as contemplated
in the plan illustrated in the June 7, 2005 memorandum previously provided to
Enficon by TIC.

      TIC will provide such notice to Enficon together with reasonable details
as would be provided to a proposed third party investor in such a project,
giving the amount of initial funding sought, the interest or equity offered, and
some identifying detail of the proposed project sufficient to provide knowledge
of the general area of the exploration and the purpose or subject of the
exploration, that is the identity of the mineral or other resource involved and
the country and general area of the country in which the exploration is planned;
the proposed total budget, the proposed equity interest, and the believed
quantity or estimated size of the resource. When it has performed as required to
obtain the first right of refusal, Enficon shall have thirty days from receipt
thereof in which to inform TIC, in a signed writing, sent both by facsimile
addressed to Roman Rozenberg, Chief Executive Officer of TIC (212-808-4155) and
by express mail addressed to Roman Rozenberg, Chief Executive Officer of TIC, 99
Park Avenue, 16th Floor, New York, New York 10016, specifically stating that
Enficon accepts responsibility to fulfill such financing on the terms as set
forth in the notice sent to Enficon by TIC.

      Enficon will then have ninety days to provide such financing, on the terms
stated in the notice from TIC. If Enficon provides such financing on the terms
stated in such notice, Enficon shall receive the interest or equity as provided
in such notice. If Enficon, having notified TIC that it will provide such
financing, then does not do so within ninety days on the terms stated in the
said notice from TIC, then Enficon will lose the first right of refusal and will
no longer have the first right of refusal on any TIC future financings, and the
first right of refusal provided for herein shall terminate. This first right of
refusal will also terminate when Enficon no longer owns, in its name, a majority
of the 5,000,000 shares of CPPT received on conversion of the Convertible
Debentures provided for in the Securities Purchase Agreement dated June 30,
2005.

      If, after Enficon has received the first right of refusal, TIC gives
Enficon notice of a proposed financing and Enficon does not, within thirty days,
accept responsibility for such financing in a writing sent to TIC as provided
for above, and TIC or the project entity obtains a commitment for such financing
on the terms materially as stated in the notice to Enficon, which is then funded
on such terms, this first right of refusal shall not terminate, but shall remain
until such time as another notice of a proposed financing is given to Enficon as
to which Enficon does not provide the required acceptance in the manner provided
for herein, or accepts but does not fund as noticed, and for which TIC or the
project entity obtains a commitment and subsequent funding materially on the
terms of the notice thereof sent to Enficon by TIC, upon the occurrence of which
all provisions for any first right of refusal provided for in this Exhibit A
shall terminate at the time of such funding.

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      If TIC gives Enficon notice of a proposed financing and Enficon does not
provide the required acceptance, or gives such acceptance but fails to fund in
the manner provided for herein, and TIC or the project entity does not obtain a
commitment for such funding, or, the funding is not subsequently obtained, then
such event shall not in any way impair the first right of refusal that is
contemplated for grant to Enficon hereby.

      Enficon, and its employees, agents and affiliates, understand that TIC is
a publicly held corporation and that all information regarding the transactions
and potential transactions of TIC and the project entities is highly
confidential, and that it is critical that Enficon and its employees, affiliates
and agents not reveal or circumvent any of the proposed or potential
transactions that are discussed with or noticed to Enficon in any way related to
the business of TIC or the project entities. Enficon understands that revealing
or circumventing, in any way any of the proposed transactions or project
entities would be a breach of duties, representations and obligations accepted
by Enficon hereunder and pursuant to its agreements with TIC. Enficon
specifically consents to the jurisdiction of the courts of the County, City and
State of New York for the purpose of enforcement of these duties, obligations
and agreements. Enficon specifically acknowledges and agrees that a breach of
any of the duties, representations and obligations as to confidentiality and
non-circumvention related hereto and to its agreements with TIC will cause
irreparable harm to TIC and Enficon consents to the entry of judgment for
injunctive remedies in any court of competent jurisdiction as to any such
breach. Service of process as to any dispute related to the agreements between
the parties may be made upon Enficon by a reputable international overnight
courier service (or at Enficon's election by express mail) addressed to Enficon
at the address as provided for in the Agreement to which this is an Exhibit.

CONFIRMED AND AGREED:

ENFICON ESTABLISHMENT                       TERRA INSIGHT CORPORATION

By:    /s/ Alexander Fedyaev                By: /s/ Roman Rozenberg
   ---------------------------                    ------------------------------
Name:  Alexander Fedyaev                    Name: Roman Rozenberg
     -------------------------
Title: Beneficiary Owner                    Title: Chief Executive Officer
       -----------------------

                                       6ASSET PURCHASE AGREEMENT

      This ASSET PURCHASE AGREEMENT ("Agreement") dated June 30, 2005, by and
between SCHREIBER FOODS, INC., a Wisconsin corporation ("Purchaser") and GALAXY
NUTRITIONAL FOODS, INC., a Delaware corporation ("Seller").

      WHEREAS, Seller produces certain imitation dairy products at a facility
located in Orlando, Florida (the "Facility"); and

      WHEREAS, Seller desires to sell to Purchaser and Purchaser desires to
purchase from Seller the Purchased Assets, according to the terms and conditions
set forth in this Agreement.

      NOW, THEREFORE, in consideration of the mutual representations,
warranties, covenants, and agreements contained herein, the parties hereto agree
as follows:

A.    Definitions.

      1.    Agreement. This Asset Purchase Agreement.

      2.    Bill of Sale. The document delivered by the Seller to the Purchaser
            under which Seller shall convey to Purchaser title to the Purchased
            Assets in the form of Exhibit A.2 hereto.

      3.    Closing. The consummation of the transactions contemplated hereby as
            set forth in Section D hereof.

      4.    Closing Date. November 1, 2005, effective as of 12:01 a.m., Central
            Standard Time, or, if later, the date that is three (3) business
            days after the date on which all conditions to closing specified in
            Sections D.2 and D.3 have been satisfied or waived.

      5.    Fixed Assets. Those assets set forth on Exhibit A.5.

      6.    Governmental Approvals. Any order, permission, consent, approval,
            license, authorization, registration, or validation of, or filing
            with, or exemption by any governmental agency, commission, board or
            public authority in connection with the sale of the Purchased Assets
            from Seller to Purchaser, or the execution, delivery or performance
            by the Seller of this Agreement or any other agreement or instrument
            to be executed or delivered by Seller hereunder.

      7.    Material Adverse Effect. An effect that is reasonably likely to
            result in a material diminution in value of the Purchased Assets
            (excluding, however, any such Material Adverse Effect which results
            from any announcement of the transactions contemplated by this
            Agreement, which includes the effect of any announcement on any
            customers, suppliers or employees, and general economic conditions).
<PAGE>

      8.    Ordinary Course. With respect to the Seller's operations at the
            Facility, the ordinary course of commercial operations customarily
            engaged in by the Seller.

      9.    OSHA. The Federal Occupational Safety and Health Act of 1970.

      10.   Purchase Price. Eight Million Seven Hundred Thousand Dollars
            ($8,700,000.00).

      11.   Purchased Assets. The Fixed Assets and all books and records related
            thereto.

      12.   Removal Plan. The Asset Removal Agreement in the form of Exhibit
            A.12 hereto describing the process and procedures for removing the
            Fixed Assets from the Facility.

      13.   Seller Liabilities. As defined in Section H.2(a).

      14.   Supply Agreement. The Supply Agreement between Seller and Purchaser
            dated as of the date hereof.

B.    Purchase and Sale of Assets.

      1.    Assets Being Purchased and Sold. Pursuant to the terms and
            conditions provided herein, and in consideration of the covenants,
            conditions and agreement of Purchaser contained herein, Seller shall
            sell, convey, assign, and transfer to Purchaser, and Purchaser shall
            purchase and acquire from Seller, the Purchased Assets.

      2.    Assumed Liabilities. The Purchaser shall not assume or be obligated
            for any liability, obligation or commitment of Seller, direct or
            indirect, known or unknown, absolute or contingent (the "Pre-Closing
            Liabilities").

C.    Purchase Price/Payment.

1.    Amount. In reliance on the representations and warranties made herein by
      Seller, subject to the terms and conditions of Section I, Purchaser agrees
      to pay Seller the Purchase Price.

2.    Payment. At the Closing, Purchaser shall pay to Seller, by wire transfer
      of funds, the Purchase Price.

D.    Closing

      1.    Closing/Transfer of Title. The Closing shall commence at 8:00 A.M.,
            CST on the Closing Date. Title and risk of loss to the individual
            Purchased Assets shall pass to Purchaser at the Closing.

      2.    Conditions Precedent to Purchaser's Obligation to Close. Purchaser's
            obligation to consummate the purchase of the Purchased Assets and to
            take the other actions required to be taken by Purchaser on the
            Closing Date are subject to the satisfaction, at or prior to the
            Closing Date, of each of the following conditions (any of which may
            be waived by Purchaser, in whole or in part).

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            (a)   Seller's Performance. All of the covenants and obligations
                  that the Seller is required to perform or to comply with
                  pursuant to this Agreement and the Supply Agreement at or
                  prior to the Closing Date, including delivery to Purchaser of
                  all items described in Section D.4, must have been duly
                  performed and complied with in all material respects.

            (b)   No Proceedings. Since the date of this Agreement, there must
                  not have been commenced against Purchaser or Seller any
                  proceeding involving any challenge to, or seeking damages or
                  other relief in connection with, or which may have the effect
                  of preventing or delaying any of the transactions contemplated
                  in, this Agreement or the Supply Agreement.

            (c)   Release of Existing Liens. Any liens on the Purchased Assets
                  shall have been released and terminated at or prior to the
                  Closing, and Seller shall have received any consents required
                  to be obtained from the Seller's lenders.

            (d)   Stockholder Approval. The Seller's stockholders holding a
                  majority of the outstanding shares of common stock shall have
                  approved the sale of the Purchased Assets contemplated hereby.

            For purposes of clarification, the accuracy of the Seller's
            representations and warranties shall not be a condition to the
            Purchaser's obligations to consummate the purchase of the Purchased
            Assets, and Purchaser's sole remedy for any breach of any
            representation or warranty by Seller hereunder shall be pursuant to
            Section H.

      3.    Conditions Precedent to Seller's Obligation to Close. Seller's
            obligation to consummate the sale of the Purchased Assets and to
            take the other actions required to be taken by Seller on the Closing
            Date is subject to the satisfaction, at or prior to the Closing
            Date, of each of the following conditions (any of which may be
            waived by Seller, in whole or in part).

            (a)   Accuracy of Representations. All of Purchaser's
                  representations and warranties in this Agreement must have
                  been accurate in all material respects as of the date of this
                  Agreement and as of the Closing Date as if made on the Closing
                  Date.

            (b)   Purchaser's Performance. All of the covenants and obligations
                  that the Purchaser is required to perform or to comply with
                  pursuant to this Agreement at or prior to the Closing Date,
                  including delivery to Seller of all items described in Section
                  D.5, must have been duly performed and complied with in all
                  material respects.

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            (c)   No Proceedings. Since the date of this Agreement, there must
                  not have been commenced against Seller or Purchaser any
                  proceeding involving any challenge to, or seeking damages or
                  other relief in connection with, or which may have the effect
                  of preventing or delaying any of the transactions contemplated
                  in, this Agreement or the Supply Agreement.

            (d)   Release of Existing Liens. Any liens on the Purchased Assets
                  shall have been released and terminated at or prior to the
                  Closing, and Seller shall have received any consents required
                  to be obtained from the Seller's lenders.

            (e)   Stockholder Approval. The Seller's stockholders holding a
                  majority of the outstanding shares of common stock shall have
                  approved the sale of the Purchased Assets contemplated hereby.

      4.    Deliveries of Seller. At Closing, Seller shall deliver to Purchaser,
            in form and content reasonably satisfactory to Purchaser, the
            following:

            (a)   copies of resolutions adopted by Seller's Board of Directors,
                  certified by the Secretary or Assistant Secretary of Seller,
                  authorizing the execution, delivery and performance of this
                  Agreement by Seller and authorizing and approving all other
                  transactions contemplated by this Agreement;

            (b)   the Bill of Sale;

            (c)   the Supply Agreement;

            (d)   the Removal Plan; and

            (e)   all such other resolutions, certifications, documents or
                  instruments as Purchaser or its counsel may reasonably request
                  to carry out the intent of this Agreement.

      5.    Deliveries of Purchaser. At Closing, Purchaser shall deliver to
            Seller, in form and content reasonably satisfactory to Seller, the
            following:

            (a)   payment by wire transfer of the Purchase Price;

            (b)   copies of resolutions adopted by Purchaser's board of
                  directors, certified by the Secretary of Purchaser,
                  authorizing the execution, delivery and performance of this
                  Agreement by Purchaser and authorizing and approving all other
                  transactions contemplated by this Agreement;

            (c)   the Supply Agreement;

            (d)   the Removal Plan; and

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            (e)   all such other resolutions, certifications, documents or
                  instruments as Seller or its counsel may reasonably request to
                  carry out the intent of this Agreement.

E.    Covenants and Agreements

      1.    Access to Books and Records. After Closing, Seller and Purchaser
            each will permit the other party and their representatives, upon
            receipt of a written request a reasonable time in advance, including
            but not limited to lawyers and accountants, during normal business
            hours, to have access to and examine and make copies of the books
            and records related to the Purchased Assets.

      2.    Liabilities. Subject to the terms of this Agreement, Seller agrees
            to pay and shall discharge when due all Pre-Closing Liabilities.
            Purchaser shall not assume, and Seller shall remain responsible for
            all other Pre-Closing Liabilities and obligations of Seller.

      3.    Payment of Taxes. Seller shall be responsible for and shall pay all
            federal, state, and local taxes, including, but not limited to, all
            income, earnings, and property taxes, relating to Seller and the
            Purchased Assets prior to the Closing Date. Purchaser shall be
            responsible for and pay all such taxes relating to the Purchased
            Assets payable for any period from and subsequent to the Closing
            Date.

      4.    Sales Taxes. Seller shall report and pay all sales taxes, if any,
            payable to the State of Florida in connection with the transactions
            contemplated by this Agreement.

      5.    Bulk Sales Laws. Purchaser hereby agrees to waive Seller's
            obligation to comply with any notification requirements of the bulk
            sales law of Florida.

      6.    Removal of Assets. Seller shall comply with the provisions of the
            Removal Agreement.

      7.    Employee Matters. Purchaser shall not be obligated to extend job
            offers to any employees employed by Seller as of the Closing Date.
            Seller shall be responsible for any notification and/or liability
            under the Worker Adjustment and Retraining Notification Act and/or
            any similar state statute or local laws in connection with the
            consummation of the transactions contemplated hereunder.

      8.    Conduct of Business Until Closing. Except as the Purchaser may
            otherwise consent to or approve in writing on and after the date
            hereof and prior to the Closing Date, the Seller agrees:

            (a)   not to enter into discussions, and to discontinue all pending
                  discussions, relating to the disposition of any of the
                  Purchased Assets, other than in the Ordinary Course;

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            (b)   except in the Ordinary Course, not to sell, lease or grant any
                  option to sell or lease, give a security interest in or
                  otherwise create any encumbrance on any of the Purchased
                  Assets;

            (c)   not to enter into any agreement (conditional or otherwise) to
                  do any of the foregoing.

      9.    Further Assurances. From time to time after the Closing Date, at the
            request of the other party hereto, and without further
            consideration, each party hereto shall execute and deliver such
            other instruments of conveyance and transfer and take such other
            action as the other party hereto may reasonably request so as to
            effectuate the transactions contemplated by this Agreement.

F.    Representations and Warranties of Seller. Seller represents and warrants
      to Purchaser that, except as set forth in the various Schedules provided
      as a part of this Section F and attached hereto:

      1.    Organization. Seller is a corporation duly formed and validly
            existing under the laws of the State of Delaware and has the power
            and authority to carry on its business as now conducted, to own and
            operate the Purchased Assets, to execute this Agreement and the
            other agreements and instruments referred to in this Agreement that
            it is executing and delivering, and, subject to the Seller obtaining
            the approval of its stockholders holding a majority of the
            outstanding shares of its common stock (the "Stockholder Approval"),
            the Seller shall have the power and authority to carry out the
            transactions contemplated hereby and thereby.

      2.    Enforceability. Subject to the Seller obtaining the Stockholder
            Approval, the execution and delivery by Seller of this Agreement and
            the other agreements and instruments referred to in this Agreement
            have been duly authorized by the Seller's board of directors and
            constitute legal, valid, binding, and enforceable agreements and
            instruments of Seller, except as the enforceability thereof may be
            affected by the laws of bankruptcy, insolvency, reorganization, or
            similar laws affecting the rights of creditors generally.

      3.    No Violations. Except as set forth in Schedule F.3, neither the
            execution, delivery, nor performance of this Agreement or any other
            agreement or instrument executed and delivered by or on behalf of
            Seller in connection herewith, nor the consummation of the
            transactions herein or therein contemplated, nor compliance with the
            terms and provisions hereof or thereof, (i) contravenes Seller's
            certificate of incorporation or by-laws, (ii) to Seller's knowledge,
            violates any statute, rule or regulation of any governmental
            authority to which Seller is subject, (iii) contravenes any
            judgment, decree or order applicable to Seller, (iv) conflicts or is
            inconsistent with or will result in any breach of or constitute a
            default under any contract, commitment, agreement, understanding,
            arrangement, or instrument so as to have a Material Adverse Effect
            on the Purchased Assets, or (v) will result in the creation or
            imposition of (or the obligation to create or impose) any lien or
            encumbrance on any of the Purchased Assets, or will increase any
            such lien or encumbrance.

                                       6
<PAGE>

      4.    Litigation. There are no actions, suits, grievances, arbitrations or
            proceedings pending, or, to Seller's knowledge, threatened or
            anticipated before any court or governmental or administrative body
            or agency affecting the Purchased Assets and that are reasonably
            likely to have a Material Adverse Effect. There are no outstanding
            judgments, orders, writs, injunctions or decrees of any court,
            governmental agency or arbitration tribunal against, involving or
            affecting the Purchased Assets.

      5.    Compliance with Laws; Licenses; Governmental Approvals. Except as
            set forth in Schedule F.5, the Seller is not required to obtain any
            Governmental Approvals to operate the Purchased Assets, except where
            the failure to obtain such Governmental Approval would not have a
            Material Adverse Effect. Since January 1, 2004, and except as set
            forth in Schedule F.5, there have been no inspections of the
            Purchased Assets by any OSHA authority and no citations have been
            issued under OSHA laws or regulations with respect to the Purchased
            Assets.

      6.    Taxes. There are no tax liens or similar encumbrances of any type on
            the Purchased Assets.

      7.    Contracts and Other Commitments. Schedule F.7 sets forth all
            material contracts and other agreements that Seller is a party to
            (written or oral) that affect or relate to the Purchased Assets.
            Except as set forth in Schedule F.7, neither Seller nor, to Seller's
            knowledge, the other party or parties thereto are in default under
            any such agreement.

      8.    Title to Purchased Assets. Seller has and shall transfer to
            Purchaser good and valid title to all of the Purchased Assets.
            Except as disclosed on Schedule F.8, and except for taxes and
            assessments not yet due and payable, none of the Purchased Assets is
            subject to any lien, pledge, encumbrance, or charge of any kind.
            Except as disclosed on Schedule F.8, no production assets at the
            Facility are leased.

      9.    Restrictions on Purchased Assets or Premises. Seller is not a party
            to, subject to, or bound by any contract, commitment or agreement
            that prevents the use of any of the Purchased Assets for the
            purposes currently used. To the knowledge of Seller, there are no
            existing laws prohibiting the use of any Purchased Asset for its
            current use.

      10.   Insurance Inspection. Schedule F.10 contains a copy of each
            inspection report received by Seller within the last twenty four
            (24) months from insurance underwriters or carriers regarding the
            Purchased Assets.

                                       7
<PAGE>

      11.   No Broker. No broker, finder, agent or similar intermediary has
            acted for or on behalf of Seller in connection with this Agreement
            or the transactions contemplated hereby.

      12.   Knowledge. As of the Closing Date, Seller is not aware of any claim
            for indemnity it may have against Purchaser under Section H below.

G.    Representations and Warranties of Purchaser. Purchaser represents and
      warrants to Seller that:

      1.    Organization. Purchaser is a Wisconsin corporation, duly organized,
            validly existing, and in good standing under the laws of the State
            of Wisconsin and has the power and authority to carry on its
            business, as now conducted, to own and operate its properties and
            assets, to execute this Agreement and the other agreements and
            instruments referred to in this Agreement that it is executing and
            delivering, and to carry out the transactions contemplated hereby
            and thereby.

      2.    Enforceability. The execution and delivery by Purchaser of this
            Agreement and the other agreements and instruments referred to in
            this Agreement have been duly authorized and constitute legal,
            valid, binding, and enforceable agreements and instruments of
            Purchaser, except as the enforceability thereof may be affected by
            the laws of bankruptcy, insolvency, reorganization, moratorium, or
            similar laws affecting the rights of creditors generally.

      3.    No Violations. Neither the execution, delivery, nor performance of
            this Agreement or any other agreement or instrument executed and
            delivered by or on behalf of Purchaser in connection herewith, nor
            the consummation of the transactions herein or therein contemplated,
            nor compliance with the terms and provisions hereof or thereof, (i)
            contravenes Purchaser's Articles of Incorporation or any provision
            of law, (ii) violates any statute, rule, regulation, or order of any
            court or governmental authority to which Purchaser is subject, (iii)
            contravenes any judgment, decree, franchise, order, or permit
            applicable to Purchaser, (iv) conflicts or is inconsistent with or
            will result in any breach of or constitute a default under any
            contract, commitment, agreement, understanding, arrangement, or
            instrument, or (v) will result in the creation of or imposition of
            (or the obligation to create or impose) any lien, encumbrance, or
            liability on any of the property or assets of Purchaser, or will
            increase any such lien, encumbrance, or liability.

      4.    No Broker. No broker, finder, agent or similar intermediary has
            acted for or on behalf of Purchaser in connection with this
            Agreement or the transactions contemplated hereby. No broker,
            finder, agent or similar intermediary is entitled to any fee or
            commission relating to the transactions contemplated by this
            Agreement.

      5.    Knowledge. As of the Closing Date, Purchaser is not aware of any of
            Seller's representations and warranties under the Agreement being
            untrue or inaccurate, in whole or in part. In addition, as of the
            Closing Date, Purchaser is not aware of any claim for indemnity it
            may have against Seller under Section H below.

                                       8
<PAGE>

H.    Indemnification

      1.    Survival of Representations and Warranties. Seller's representations
            and warranties (and the indemnities under Section H.2 relating
            thereto) shall survive the Closing Date for twelve (12) months.

      2.    Indemnification by Seller. Seller indemnifies and agrees to hold
            Purchaser harmless from, against and in respect of the following:

            (a)   Except with regard to the Assumed Liabilities, and except as
                  otherwise provided in this Agreement, all debts, liabilities,
                  or obligations of Seller, direct or indirect, fixed,
                  contingent, or otherwise existing before the Closing,
                  including, but not limited to, liabilities arising out of any
                  of the acts, transactions, circumstances, statement of facts,
                  or violation of law that occurred or existed before the
                  Closing, including without limitation, the Pre-Closing
                  Liabilities and Seller's obligations under applicable bulk
                  sales laws, whether or not then known, due, or payable and
                  irrespective of whether the existence thereof is disclosed to
                  Purchaser in this Agreement or any schedule hereto (the
                  "Seller Liabilities");

            (b)   Any and all losses, liabilities, deficiencies, or damages
                  suffered or incurred by Purchaser by reason of any untrue
                  representation or breach of warranty, or nonfulfillment of any
                  covenant or agreement by Seller contained in this Agreement or
                  in any certificate, document, or instrument delivered to
                  Purchaser hereunder or in connection herewith;

            (c)   Any and all losses, liabilities, deficiencies, or damages
                  suffered or incurred by Purchaser as a result of Seller's
                  failure to discharge the Seller Liabilities;

            (d)   Any claim for a finder's fee or brokerage or other commission
                  by any person or entity for services alleged to have been
                  rendered at the instance of Seller with respect to this
                  Agreement or any of the transactions contemplated hereby and
                  any and all losses, liabilities, deficiencies, or damages
                  suffered or incurred by Purchaser by reason of nonfulfillment
                  of any covenant or agreement by Seller contained in this
                  Agreement or in any other agreement delivered in connection
                  herewith;

            (e)   Any and all actions, suits, proceedings, claims, demands,
                  assessments, judgments, costs, and expenses, including,
                  without limitation, reasonable legal fees and expenses,
                  incident to any of the foregoing or incurred in enforcing this
                  indemnity.

      3.    Indemnification by Purchaser. Purchaser hereby agrees to indemnify
            and hold Seller harmless from, against, and in respect of:

                                       9
<PAGE>

            (a)   Any and all debts, liabilities, or obligations of Purchaser,
                  direct or indirect, fixed, contingent, or otherwise accruing
                  on or after the Closing Date, including, without limitation,
                  the Assumed Liabilities;

            (b)   Any and all losses, liabilities, deficiencies, or damages
                  suffered or incurred by Seller resulting from any untrue or
                  inaccurate representation, breach of warranty, or
                  nonfulfillment of any covenant or agreement by Purchaser
                  contained in this Agreement or in any certificate, document,
                  or instrument delivered to Seller pursuant hereto or in
                  connection herewith;

            (c)   Any and all losses, liabilities, deficiencies, or damages
                  suffered or incurred by Seller as a result of Purchaser's
                  failure to discharge the Assumed Liabilities;

            (d)   Any claim for a finder's fee or brokerage or other commission
                  by any person or entity for services alleged to have been
                  rendered at the instance of Purchaser with respect to this
                  Agreement or any of the transactions contemplated hereby;

            (e)   Any and all actions, suits, proceedings, claims, demands,
                  assessments, judgments, costs, and expenses, including,
                  without limitation, reasonable legal fees and expenses,
                  incident to any of the foregoing or incurred in enforcing this
                  indemnity.

      4.    Third-Party Claims.

            (a)   In respect of, arising out of, or involving a claim made by
                  any person, firm, governmental authority, or corporation other
                  than the Purchaser or Seller against the indemnified party
                  ("Third-Party Claim"), the indemnified party must notify the
                  indemnifying party in writing of this Third-Party Claim
                  promptly after receipt by the indemnified party of written
                  notice of the Third-Party Claim. Thereafter, the indemnified
                  party shall promptly deliver to the indemnifying party copies
                  of all notices relating to the Third-Party Claim.

            (b)   If a Third-Party Claim is made against an indemnified party,
                  the indemnifying party shall assume the defense thereof with
                  counsel selected by the indemnifying party, provided such
                  counsel is not reasonably objected to by the indemnified
                  party. The indemnified party shall cooperate fully with the
                  indemnifying party in connection with such defense.

            (c)   In no event will the indemnified party admit any liability
                  with respect to, or settle, compromise, or discharge, any
                  Third-Party Claim without the indemnifying party's prior
                  written consent, and the indemnified party will agree to any
                  settlement, compromise, or discharge of a Third-Party Claim
                  that the indemnifying party may recommend that releases the
                  indemnified party completely in connection with the
                  Third-Party Claim.

                                       10
<PAGE>

            (d)   The indemnified party shall be entitled to participate in, but
                  not control, the defense with its own counsel at its own
                  expense. If the indemnifying party does not assume the defense
                  of any such Third-Party Claim, the indemnified party may
                  defend the claim in a manner as it may deem appropriate,
                  including, but not limited to, settling the claim or
                  litigation after giving notice of it to the indemnifying party
                  on such terms as the indemnified party may deem appropriate,
                  and the indemnifying party will reimburse the indemnified
                  party promptly in accordance with the provisions of this
                  Section H.

            (e)   The failure of either party to provide timely notice hereunder
                  shall not defeat the right to indemnification if the late
                  notice does not result in prejudice, and if so, only to the
                  extent of the prejudice.

      5.    Sole Remedy. Except in connection with any fraudulent
            misrepresentation by either party proven by the other in a court of
            competent jurisdiction, or with respect to Third Party Claims, to
            which the limitations of this subparagraph do not apply, Purchaser
            and Seller agree that their sole remedy after Closing, whether in
            respect to a breach of warranty, representation or covenant by
            Seller or Purchaser hereunder, shall be limited to rights of
            indemnification pursuant to Sections H.2 and H.3. Purchaser and
            Seller shall use commercially reasonable efforts to mitigate the
            losses, costs, expenses and damages to which either may become
            entitled to indemnification hereunder.

      6.    Direct Damages. The indemnification obligations of the parties
            pursuant to this Section H shall be limited to direct damages, loss,
            claims, liabilities, demands, charges, suits, penalties, costs and
            expenses and shall not include incidental, consequential, indirect,
            punitive or exemplary damages.

I.    Alternative Transactions. If, at the stockholders meeting held for the
      purpose of approving of the sale of the Purchased Assets to Purchaser
      pursuant to the terms hereof, Seller's stockholders holding a majority of
      the outstanding shares of common stock do not approve the sale of the
      Purchased Assets contemplated hereby, then, as soon as is reasonably
      practicable thereafter, the Seller and Purchaser shall consummate one of
      the following transactions (each, an "Alternative Transaction"):

      1.    Seller shall sell to Purchaser, and Purchaser shall purchase from
            Seller, the Alternative Assets listed on Exhibit I.1 for an
            aggregate purchase price of $2,115,000. The only conditions to
            either Party's obligations to consummate the sale of Alternative
            Assets pursuant to this Section I.1 (other than payment of the
            purchase price therefore) shall be the release and termination of
            any liens with respect to the Alternative Assets and Seller's
            receipt of any consents required to be obtained from the Seller's
            lenders (collectively, the "Releases and Consents").

                                       11
<PAGE>

      2.    In the event that the parties are unable to obtain the Releases and
            Consents with respect to the sale of the Alternative Assets as
            contemplated by Section I.1, then the parties shall negotiate in
            good faith to make such Alternative Assets available for use by the
            Purchaser on a basis and for such period (not to exceed 180 days)
            that are reasonably acceptable to each of the Seller and Purchaser;
            provided, however, that Purchaser shall use its commercially
            reasonable efforts to obtain equipment that serves the same
            functions as the Alternative Assets prior to the expiration of the
            agreed upon period of time. The only additional conditions to either
            Party's obligations to consummate the arrangements contemplated by
            this Section I.2 shall be the Releases and Consents.

J.    Termination. This Agreement may be terminated at any time prior to the
      Closing or the consummation of an Alternative Transaction:

      1.    by mutual written agreement of Seller and Purchaser;

      2.    automatically upon written notice of termination of the Supply
            Agreement given pursuant to Section VII.C thereof.

K.    Miscellaneous.

      1.    Expenses. Except as specifically set forth in this Agreement to the
            contrary, all fees and expenses incurred by Seller in connection
            with this Agreement will be borne by Seller and all fees and
            expenses incurred by Purchaser in connection with this Agreement
            will be borne by Purchaser.

      2.    Parties In Interest. This Agreement will be binding on and inure to
            the benefit of the parties hereto. Neither this Agreement, nor the
            parties' rights and obligations hereunder, may be assigned by any
            party to any third party without the other party's prior written
            consent, provided, however, consent to assignment shall not be
            required with respect to an assignment to a purchaser of all or
            substantially all of the assets of either Seller or Purchaser, as
            the case may be.

      3.    Entire Agreement; Amendments. This Agreement and the agreements and
            schedules referred to in this Agreement contain the entire
            understanding of the parties with respect to the subject matter of
            this Agreement. There are no restrictions, agreements, promises,
            warranties, covenants, or undertakings other than those expressly
            set forth herein or therein. This Agreement supersedes all prior
            agreements and understandings between the parties with respect to
            its subject matter. This Agreement may be amended only by a written
            instrument duly executed by the parties or their successors or
            assigns.

      4.    No Waiver. No waiver of any breach or default hereunder shall be
            considered valid unless in writing and signed by the party giving
            such waiver, and no such waiver shall be deemed a waiver of any
            subsequent breach or default of the same or a similar nature.

      5.    Headings. The section and paragraph headings contained herein are
            for the convenience of the parties only and are not intended to
            define or limit the contents of their sections and paragraphs.

                                       12
<PAGE>

      6.    Applicable Law. This Agreement and all amendments thereof shall be
            governed by and construed in accordance with the laws of the State
            of Wisconsin applicable to contracts made and to be performed
            therein.

      7.    Notices. All notices, claims, certificates, requests, demands, and
            other communications under this Agreement will be in writing and
            notices will be deemed to have been duly given if delivered or
            mailed, registered or certified mail, postage prepaid, return
            receipt requested, or for overnight delivery, by a nationally
            recognized overnight mail service, as follows:

      If to Purchaser to:    Schreiber Foods, Inc.
                             Attn:  Ron Dunford
                             425 Pine Street
                             Green Bay, Wisconsin  54307
                             Ron.Dunford@SchreiberFoods.com
      If to Seller to:       Galaxy Nutritional Foods, Inc.
                             2441 Viscount Row
                             Orlando, FL  32809-6217
                             Attention: Michael Broll
                             e-mail: mebroll@galaxyfoods.com

                             with a copy (which shall not constitute notice)to:

                             Proskauer Rose LLP
                             1585 Broadway
                             New York, New York 10036
                             Attention: Arnold J. Levine, Esquire
                             e-mail: alevine@proskauer.com

            or to such other address as the party to whom notice is to be given
            previously may have furnished to the other party in writing in the
            manner set forth in this section.

      8.    Joint Announcement. The Seller and Purchaser shall agree on the form
            and substance of all joint press releases or other public
            announcements of matters related to this Agreement or any of the
            transactions contemplated hereby that shall be released on or after
            the Closing; provided, however, that nothing in this Section J.8
            shall be deemed to prohibit any party hereto from making any
            disclosure required by law.

      9.    Severability. If any term, condition, or provision of this Agreement
            shall be declared invalid or unenforceable, the remainder of the
            Agreement, other than such term, condition, or provision, shall not
            be affected thereby and shall remain in full force and effect and
            shall be valid and enforceable to the fullest extent permitted by
            law.

                                       13
<PAGE>

      10.   Definition of Knowledge. For purposes of this Agreement, the phrases
            "to the best of the Seller's knowledge," "to the Seller's
            knowledge," "to the knowledge of the Seller," "know," or similar
            words and phrases referring to facts or other information known by
            the Seller shall be deemed to mean and refer to facts and
            information within the actual knowledge of those individuals listed
            on Exhibit K.10.

                                       14
<PAGE>

      IN WITNESS WHEREOF, the parties hereto have caused this Asset Purchase
Agreement to be duly executed as of the day and year first above written.

SELLER                                          PURCHASER

GALAXY NUTRITIONAL FOODS, INC.                  SCHREIBER FOODS, INC.

By: /s/ David H. Lipka                          By: /s/ Ron Dunford
    --------------------------                      ---------------------------
    Name: David H. Lipka                            Name: Ron Dunford
    Its:  Chairman                                  Its:  President and COO of
                                                          Schreiber Chain Sales

<PAGE>

<TABLE>
<CAPTION>
                                   Exhibit A.5

                                  FIXED ASSETS

DESCRIPTION                                       VENDOR/MANUFACTURER                  Asset #
--------------------------------------------------------------------------------------------------
<C>                                              <C>                                    <C>
(2) CC - 1000# cheese cookers                     Blentech Corp.                         193
Hayssen packaging machine                         Hayssen Manufacturing                  194
(4) 200 gal. & (2) 500 gal. Kettles w/t agitators Lee Process Systems                    199
System 1, Kustner IWS machine                     Kustner Industries                   377,393
Wrapping machine, WS-20 Series II                 Sasib                                  378
Blentech Hard Cheese System                       Blentech Corp.                         466
System 2, 1600 SPM IWS Machine (Hardware)         Kustner Industries                   480,492
System 5, Ribbon - Pullman                        Hart Design & Mfg. Inc.               1179
System 5, Hart Casing Linc. Pulman Machine        Hart Design & Mfg. Inc.               1418
3 CC-1000 Cheeztherm cheese cookers               Blentech Corp.                        1674
System 8, Chunk Line                              R.R. Pankratz, Inc.                   1937
Systems 9 and 11, Slice Lines                     Hart Design & Mfg. Inc.               1938
System 12, Cup Line                               Modern Packaging                      1939
System 10, Block Line/String Cheese Line          Robert Reiser                         2048
System 13, Shred Line                             Hayssen Manufacturing                 2049
Dixie Vac Machine                                 Amplicon/Calfirst                   2159,2186
Hayssen Shred Bagger                              GE Capital                            2068
</TABLE>

<PAGE>

                                   Exhibit I.1

                               ALTERNATIVE ASSETS

DESCRIPTION                     VENDOR/MANUFACTURER                Asset #
--------------------------------------------------------------------------
Blentech Hard Cheese System     Blentech Corp.                         466
System 12, Cup Line             Modern Packaging                      1939
System 13, Shred Line           Hayssen Manufacturing                 2049
Hayssen Shred Bagger            GE Capital                            2068

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