Document:

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                                                                    EXHIBIT 10.5

                                                                  CONFORMED COPY

                        COPACKING AND STORAGE AGREEMENT

      THIS AGREEMENT (this "Agreement") is entered into and made effective as of
December 21, 2004 by and between Townsends, Inc., a Delaware corporation
("Townsends"), and Kahiki Foods, Inc., an Ohio corporation ("Kahiki").

                                    RECITALS

      A. Townsends is an integrated poultry producer in the business of selling
further processed poultry products to its customers in the food service and
other industries. Kahiki is in the business of further processing and cooking
poultry products to custom specifications.

      B. From time to time, Townsends desires to sell to Kahiki certain
Townsends raw poultry products (the "Raw Poultry") and Kahiki desires to
manufacture and package the Raw Poultry to create finished poultry products (the
"Products") as more fully described in specifications to be mutually agreed to
by the parties hereto. Kahiki intends to sell the entire output of the Products
to Townsends and to temporarily store Product on Townsend's behalf.

      C. Townsends and Kahiki have entered into that certain Note Purchase
Agreement and the related investment documents (collectively, the "Note Purchase
Agreement"), dated as of the date hereof, whereby Townsends has agreed to
purchase up to $2,000,000 in convertible notes (the "Notes") from Kahiki. The
execution of this Agreement is a condition to the closing of the Note Purchase
Agreement.

      D. Separate and apart from this Agreement Townsends and Kahiki have
executed a Supply Agreement, dated as of the date hereof (the "Supply
Agreement"), whereby Townsends has agreed to supply Kahiki with certain poultry
products for Kahiki's processing and sale to its customers.

      E. Townsends seeks to maintain a reliable volume of certain ethnic food
products by entering into this Agreement with Kahiki. Townsends will supply
Kahiki with the Raw Poultry pursuant to the terms hereof and will rely on the
steady and continuous supply of Products in accepting and soliciting orders for
such Products from its customers.

                                    AGREEMENT

      NOW, THEREFORE, in consideration of the premises and the mutual covenants
and agreements contained herein, and for other good and valuable consideration,
the receipt and adequacy of which are acknowledged by each of the parties
hereto, the parties hereto hereby agree as follows:

      1. SALE OF RAW POULTRY BY TOWNSENDS TO KAHIKI.

            (a) From time to time, Townsends agrees to sell and Kahiki agrees to
purchase the Raw Poultry necessary to produce the Products to Townsends' custom
specifications. The Raw Poultry will be furnished by Townsends from either
Townsends' own internal supply, or sourced (only by Townsends) from a third
party.

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            (b) The terms and specifications of Raw Poultry (including prices)
will be agreed upon by the parties and amended from time to time pursuant to
documentation, to be executed jointly by the parties, similar in format to that
attached hereto as Exhibit A. Upon the execution of any amended Exhibit A, such
documentation shall be automatically incorporated herein.

      2. SALE OF FINISHED PRODUCTS BY KAHIKI TO TOWNSENDS.

            (a) Kahiki agrees to sell Products made from the Townsends Raw
Poultry provided under this Agreement only to Townsends and Townsends agrees to
purchase Kahiki's entire output of such Products. The packaging and other
ingredients necessary for production of the Products shall be purchased by
Kahiki from vendors approved by Kahiki and Townsends jointly.

            (b) The terms and specifications of Product (including prices) will
be agreed upon by the parties and amended from time to time pursuant to
documentation, to be executed by jointly executed by the parties, similar in
format to that attached hereto as Exhibit B. Townsends agrees to order Products
in minimum order sizes that are the lesser of (i) 10,000 pounds of finished
Product or (ii) an amount equal to a full shift production run for such Product.

            (c) Title to all Product (whether stored by Kahiki or otherwise
shipped to Townsends) will transfer from Kahiki to Townsends upon the invoicing
of such Product by Kahiki to Townsends.

      3. STORAGE ARRANGEMENT.

            (a) Kahiki hereby agrees to allow Townsends to utilize Kahiki's
refrigerated warehouse(s) located in Gahanna, Ohio for frozen storage of certain
of Townsends' poultry products. Kahiki hereby agrees to provide for Townsends,
in a segregated manner in an area or areas of Kahiki's premises to be designated
by Kahiki, up to 200 pallet spaces to store Products (the "Stored Products").
Kahiki hereby agrees to load and unload the Stored Products from delivery
trucks, to use reasonable care in its storage and handling of the Stored
Products and to otherwise comply with Townsends' reasonable instructions
relating to the Stored Products. If it is determined by Kahiki, reasonably and
in good faith, that it does not have sufficient space to offer all or a portion
of the 200 pallet spaces to Townsends, Kahiki shall notify Townsends and
Townsends may either (i) retrieve such Stored Product or (ii) cause Kahiki to
provide alternative storage arrangements, the cost of which shall be assumed
directly by Townsends or passed through to Townsends without markup.

            (b) Kahiki hereby agrees that its possession of the Stored Products
pursuant to this Section 3 is for storage only and that the Stored Products will
remain solely the property of Townsends and that Kahiki shall have no ownership
interest whatsoever in such Stored Products.

      4. TERM. This Agreement shall be in effect for the period from the date
hereof until December 31, 2007 (the "Initial Term"), unless earlier terminated
in accordance with the provisions of this Agreement. Upon the expiration of the
Initial Term, this Agreement shall automatically renew for an additional three
(3) year term (each such term, a "Renewal Term" and together with the Initial
Term and any Renewal Term, the "Term" ) unless either party notifies the other
in writing at least thirty (30) days prior to the second anniversary of the date
hereof of its intent that this Agreement shall expire without further renewal.

<PAGE>

      5. PRICE.

            (a) The Raw Poultry shall be purchased by Kahiki from Townsends in
accordance with the Raw Poultry pricing schedule set forth on Exhibit A. The
Products processed by Kahiki will be purchased by Townsends in accordance with
the pricing schedule set forth on Exhibit B.

            (b) Upon a material change in specifications of existing Products or
a material change in any component of cost manufacture the Products, including
the Raw Poultry, Exhibit A and/or Exhibit B as necessary, shall be revised to
fairly deal with such Specification or cost changes. A change in cost to
manufacture the Products shall be deemed "material" if such change is equal to
or greater than 5% of the previous cost.

            (c) Townsends shall have the right from time to time, upon
reasonable notice and during normal business hours, to review such records of
Kahiki as may be necessary to verify the amounts charged under the pricing
schedule on Exhibit B. Kahiki shall maintain adequate records to enable the
parties to substantiate all production costs. Any such review results shall be
based on actual performance achieved and then current input costs. If such a
review discloses any deviations from the terms of this Agreement, then the
parties shall amend Exhibit B as appropriate and make any payments to reflect
the correct pricing.

      6. PAYMENT.

            (a) Unless otherwise expressly agreed upon by Townsends and Kahiki,
payment for the purchase of the Raw Poultry furnished by Townsends shall be due
on net fourteen day terms (14) days from the date of invoice to accounts
designated by authorized representatives of Townsends. Payment for the purchase
of the Products by Townsends will be due on net fourteen (14) day terms from the
date of receipt of the Products by Townsends.

            (b) On Wednesday of each week, the parties will calculate amounts
that have become due under this Agreement since the previous Wednesday and the
party that owes the net amount shall effect payment for such amount by wire
transfer or ACH of immediately available funds.

      7. KAHIKI PRODUCT WARRANTY. Kahiki understands and acknowledges that every
component of Townsends' processing and packaging of the Products is important to
Townsends and to Townsends' customers. Accordingly, Kahiki shall develop,
maintain and insure high uniform standards of food safety, sanitation, quality,
cleanliness, appearance, services, facilities, products and techniques. Kahiki
hereby agrees:

            (a) To use all materials, ingredients, supplies, labeling,
packaging, methods of production, processing and preparation, as prescribed by,
or that conform with Townsends' Specifications as well as requirements and
regulations administered by the United States Department of Agriculture's Food
Safety and Inspection Service in accordance with the Poultry Products Inspection
Act, the Food and Drug Administration in accordance with the Federal Food, Drug,
and Cosmetic Act, and applicable state and local requirements, and to refrain
from using, selling or storing any Products, materials, ingredients, supplies,
or methods of product

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preparation, processing or production that do not meet with such Specifications,
laws and regulations; and

            (b) To maintain at all times a sufficient supply of approved
packaging and other ingredients necessary for production of the Products.

      8. TOWNSENDS RAW POULTRY WARRANTY. Townsends represents and warrants to
Kahiki that (i) all of the Raw Poultry to be provided hereunder shall be of
merchantable quality and fit for its intended use and consumption as food, (ii)
none of the Raw Poultry as of the date of their sale to Kahiki shall be
adulterated, misbranded or unsafe, within the meaning of the Federal Food, Drug
and Cosmetic Act (the "Act") or the Poultry Products Inspection Act, with all
revisions and amendments pertaining thereto and/or regulations adopted in
accordance therewith or within the meaning of any substantially similar state or
municipal law, (iii) none of the Raw Poultry are restricted under such Act or
any other law from being introduced into interstate or intrastate commerce and
(iv) the title to the Raw Poultry conveyed to Kahiki under the terms of this
Agreement shall be good and the Raw Poultry shall be delivered free from any
security interest, lien or other encumbrance whatsoever.

      9. CONFIDENTIALITY. All information, whether written or oral, including
but not limited to, technical know-how, standards, specifications, formula,
instructions, procedures, manufacturing processes and identity of customers,
which Townsends may disclose to Kahiki or to any employee, agent or
representative of Kahiki, unless otherwise specifically stated by Townsends in a
signed writing executed prior to disclosure shall be received by Kahiki and its
employees, agents and representatives on a strictly confidential basis and,
except as provided for herein, may not be disclosed to any third party and may
not be used by Kahiki for any purpose other than performance by Kahiki of its
obligations under this Agreement.

      10. NON-EXCLUSIVITY. No provision in this Agreement shall prevent either
party hereto from entering into manufacturing, processing, packaging, and/or
storage agreements with any other parties for any of its products, including the
Products. In addition, Townsends also reserves the right to produce the Products
at its own facility.

      11. MUTUAL INDEMNIFICATION.

            (a) Each of Kahiki and Townsends shall indemnify the other and hold
the other (and its agents, servants, employees, officers, directors and
customers) harmless from any and all liability, loss, damage or costs including,
but not limited to, reasonable attorney's fees and other costs (other than
consequential damages) resulting from consumer complaints or claims and/or any
other claims or legal actions alleging damage, death, illness or injury to
person or property arising from Kahiki's or Townsends', as the case may be,
performance, failure to perform or failure to perform properly any term of this
Agreement, to the extent such complaints or responsibility for, and the expense
of investigation and litigation or settlement of the above enumerated
complaints, claims, or legal actions are not a direct result of the negligence
of the party seeking indemnification.

            (b) Each party reserves the right to approve of the others claims or
legal counsel in the litigation of the above enumerated complaints, claims, or
legal actions, which approval shall not unreasonably be withheld. Settlement of
such claims, if any, must be approved by party seeking indemnification;
provided, however, that in the event such party shall

<PAGE>

disapprove any settlement of such a claim otherwise acceptable to the
indemnifying party, and its insurer, if any, the party seeking indemnification
agrees to indemnify and hold harmless the other party, and its insures, if any,
for any liability in excess of the amount of the settlement disapproved of by
the party seeking indemnification.

      12. TERMINATION. This Agreement shall terminate at the end of the Term.
This Agreement may also be terminated prior to the end of the Term by (a) mutual
agreement of the parties, (b) either party hereto upon thirty (30) days prior
written notice to the other party, in the event of breach of this Agreement by
the other party hereto which breach is not cured within such thirty (30) day
period, (c) by either party hereto immediately upon written notice to the other
party in the event of the bankruptcy, insolvency or placing of the business of
the other party hereto in the hands of a receiver, (d) by Kahiki, upon ninety
(90) days prior written notice to Townsends, if a Change of Control (as such
term is defined in Section 19 of this Agreement) relating to Kahiki has or will
occur, upon payment to Townsends of an amount equal to Townsend's Lost Profits
(as defined below) on Products that would otherwise be sold during the remaining
Term of the Agreement, calculated based on sales activity for Products in the
year preceding Kahiki's notice of termination. Termination for breach shall be
in addition to such other rights and remedies as the terminating party may have
under applicable law and the breaching party agrees pursuant to Section 11 above
to indemnify and hold the non-breaching party harmless from all loss or damage,
other than consequential damages, caused as a result of the breach. "Lost
Profits" shall mean the net selling price of Product, net of any freight or
commission costs, less the cost of any copacking fee charged by Kahiki.

      13. INSURANCE. Kahiki shall provide Townsends with certificates of
insurance from Kahiki's insurer(s) prior to the commencement of performance
under this Agreement. These certificates of insurance shall evidence:

            (a) Workmen's Compensation in accordance with the laws of all states
in which work may be performed, including coverage for Employer's Liability with
a limit of not less than $500,000 per occurrence.

            (b) Comprehensive General Liability with Personal and Bodily Injury
limits of not less than $1,000,000 per person, $1,000,000 per occurrence, and
Property Damage limits of not less than $1,000,000 per occurrence. This
insurance must include the following features and certificates shall so indicate
that (i) Kahiki's Product Liability Insurance covering Independent Contractors
as may be utilized in the work, (ii) Contractual Liability covering the above
indemnity agreement and (iii) Product Liability including completed operations
covering work performed under this Agreement and Vendor's Endorsement in favor
of Townsends, covering any Products produced pursuant to this Agreement (all
such insurance coverage provided for in this Section 13 hereinafter referred to
as the "Insurance").

            (c) These certificates will indicate that Townsends shall be advised
not less than thirty (30) days prior to any change or cancellation in the
Insurance. Townsends shall be named as an additional insured on all
certificates. The completed operations coverage where applicable, shall be
maintained for not less than one (1) year after the end of operations under this
Agreement.

      14. FORCE MAJEURE. Delay or failure of performance of either party shall
be excused to the extent that such failure shall be caused by an act of God,
strike or other labor dispute, war

<PAGE>

or war condition, riot, civil disorder, government regulation or action,
embargo, fire, flood, accident or other casualty not resulting from negligence
of either party hereto (each, a "Force Majeure Event"). The party invoking the
provisions of this paragraph shall give the other party prompt notice in writing
of the occurrence of any Force Majeure Event. Such excuse shall continue as long
as the Force Majeure Event continues, following which such party shall promptly
resume performance hereunder. If any Force Majeure Event shall continue for a
period of more than ninety (90) days, the non-invoking party shall have the
right to terminate this Agreement upon thirty (30) days written notice.

      15. AGENT. This Agreement does not make or constitute Kahiki the agent or
representative of Townsends for any purpose whatsoever. Kahiki shall have no
power or authority to act on behalf of or in the name of Townsends, or to bind
Townsends, either directly or indirectly, in any manner or thing, without the
express written authorization of Townsends.

      16. MUTUAL WARRANTY. Each party hereto specifically represents and
warrants to the other that (i) all of the Raw Poultry in the case of Townsends
and Products in the case of Kahiki, provided pursuant to this Agreement shall be
of merchantable quality and fit for its intended use and consumption as food,
(ii) none of the Raw Poultry as of the date of their sale to Kahiki or Products
as of the date of their sale to Townsends, shall be adulterated, misbranded or
unsafe, within the meaning of the Federal Food, Drug and Cosmetic Act (the
"Act") or the Poultry Products Inspection Act, with all revisions and amendments
pertaining thereto and/or regulations adopted in accordance therewith or within
the meaning of any substantially similar state or municipal law, (iii) none of
the Raw Poultry or Products are restricted under such Act or any other law from
being introduced into interstate or intrastate commerce and (iv) the title to
the Raw Poultry conveyed to Kahiki and Products conveyed to Townsends under the
terms of this Agreement shall be good and the Raw Poultry and Products, as the
case maybe, shall be delivered free from any security interest, lien or other
encumbrance whatsoever.

      17. FAIR LABOR STANDARDS ACT. Kahiki shall produce all goods under this
Agreement in compliance with all applicable requirements of Sections 6, 7 and 12
of the Fair Labor Standards Act, as amended, or any comparable provisions of any
successor statute and of regulations and orders of the United States of
Department of Labor issued under Section 14 thereof, or any comparable provision
of any successor statute.

      18. INTELLECTUAL PROPERTY. Kahiki will not, without Townsends' written
consent, use any of Townsends' trademarks, brand names, Company and/or Division
names, facsimiles of packages, letterheads, invoices or any other material
bearing Townsends' name or that of Townsends' subsidiaries in any of Kahiki's
advertising, promotional material or products.

      19. ASSIGNMENT. Neither of the parties shall assign, transfer or purport
to assign or transfer any of its rights or obligations hereunder without the
prior written consent of the other party, such consent not to be unreasonably
withheld or delayed. Notwithstanding the foregoing, in the event that Kahiki
engages in any (a) merger or consolidation into or with any other corporation or
entity, (b) sale, conveyance, transfer, license, lease or other disposition of
all or substantially all of the assets of Kahiki or (c) acquisition by any
person of more than 50% of the voting power of all securities of Kahiki
generally entitled to vote in the election of directors of Kahiki (collectively,
a "Change of Control"), this Agreement must remain with, be assumed by or
assigned to the successor entity controlling the operations or assets of Kahiki
after such

<PAGE>

Change of Control, unless otherwise terminated pursuant to Section 12(d) above.
Any default by Kahiki under this assignment provision shall allow Townsends to
terminate this Agreement.

      20. ENTIRE AGREEMENT; AMENDMENT. This Agreement constitutes the entire
agreement and understanding of Townsends and Kahiki relating to the subject
matter hereof, and supersedes all other negotiations, agreements,
representations and covenants, oral or written, related to the subject matter
hereof. It is expressly agreed upon by the parties that the attached Exhibits to
this Agreement are a part hereof as if fully set forth herein. This Agreement
may not be modified, amended or supplemented except by way of a writing signed
by a duly authorized representative of each of the parties hereto.

      21. SEVERABILITY. All of the provisions of this Agreement are intended to
be distinct and severable. If any provisions of this Agreement is or are
declared to be invalid or unenforceable in any jurisdiction, it shall be
ineffective in such jurisdiction only to the extent of such invalidity or
unenforceability. Such invalidity or unenforceability shall not affect the
balance of such provision, to the extent it is not invalid or unenforceable, or
the remaining provisions hereof, nor render invalid or unenforceable such
provision in any other jurisdiction.

      22. NO WAIVER. The failure of either party to this Agreement to insist
upon the performance of any of its terms and conditions or the waiver of any
breach of any terms and conditions of this Agreement, shall not be construed as
thereafter waiving any such terms and conditions, but they shall continue and
remain in full force and effect as if no forbearance or waiver had occurred.

      23. NOTICES. Any notice provided for concerning this Agreement shall be in
writing and be deemed sufficiently given when sent by certified or registered
mail if sent to the respective address of each party as set forth below.

            If to Townsends:

                  Townsends, Inc.
                  401 South DuPont Highway
                  Georgetown, Delaware 19947
                  Attn: David Burton
                  Fax: (302) 777-6660

            If to Kahiki:

                  Kahiki Foods, Inc.
                  1100 Morrison Road
                  Gahanna, Ohio   43230
                  Attn:  Julie Fratianne
                  Fax:   (614) 322-3189-

      24. COUNTERPARTS. This Agreement may be executed in one or more
counterparts, each of which shall be deemed to be an original, and all of which
together shall constitute one and the same Agreement. This Agreement may be
executed and delivered via electronic facsimile transmission with the same force
and effect as if it were executed and delivered by the parties simultaneously in
the presence of one another.

<PAGE>

      25. GOVERNING LAW. The construction, validity and performance of this
Agreement shall be governed in all respects by the laws of the State of
Delaware, without regard to principles of conflict of laws.

                      [THIS SPACE INTENTIONALLY LEFT BLANK]

<PAGE>

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

                                              TOWNSENDS, INC.

                                              By: /s/ David Burton
                                                  --------------------------
                                                  Name: David Burton
                                                  Title: Vice President

                                              KAHIKI FOODS, INC.

                                              By: /s/ Michael Tsao
                                                  --------------------------
                                                  Name: Michael Tsao
                                                  Title: Chief Executive Officer

<PAGE>

                                    EXHIBIT A

                          RAW POULTRY PRICING SCHEDULE

Townsend Chinese Nugget               Product #: 8654
Raw Material Description:             Bulk Tenders
Delivered Price/Raw Material Cost:    $1.20 per pound

<PAGE>

                                    EXHIBIT B

                       PRODUCT SPECIFICATIONS AND PRICING

                Townsend Chinese Nugget                  Product # 8654

<TABLE>
<CAPTION>
                    DIRECT COSTS                     KAHIKI PRODUCTION COST
                                                 (to be Based on Actual Results)

<S>                                  <C>         <C>
Meat Cost                            $1.200               SEE ATTACHED.
Yield                                   138%
                                     ------
Adjusted Meat Cost                   $0.867
                                     ------
Ingredient Cost                      $0.258
                                     ------
Total Material Cost                  $1.125

Direct Labor                         $0.306
Packaging/Direct Overhead Cost)      $0.250
                                     ------
Total Prime Cost                     $1.681

10% Copacking Margin                 $0.168
                                     ======
Total Copack Cost                    $1.849
(F.O.B. Kahiki)
</TABLE><PAGE>

                                                                    EXHIBIT 10.6

                              TERM PROMISSORY NOTE

                                                                  COLUMBUS, OHIO
$2,227,187.48                                                  DECEMBER 17, 2004

      FOR VALUE RECEIVED, the undersigned, KAHIKI FOODS, INC., an Ohio
corporation, whose address is 1100 Morrison Road, Gahanna, Ohio 43230 (the
"Borrower"), hereby promises to pay to the order of KEYBANK NATIONAL
ASSOCIATION, a national banking association (the "Bank"), on or before June 15,
2012 (the "Maturity Date"), the principal sum of Two Million Two Hundred Twenty
Seven Thousand One Hundred Eighty Seven and 48/100 Dollars ($2,227,187.48) or
such lesser sum that represents the amount borrowed hereunder (the "Debt"),
together with interest, all as provided in Section 1 of this Note.

      SECTION 1. THE DEBT. Subject to and on the terms and conditions set forth
in this Note, the Borrower shall be entitled to receive the loans representing
the Debt upon completion of the conditions precedent for each of the two
tranches. The Borrower shall be entitled to receive a loan of up to
$1,227,187.48 ("Tranch #1") upon the Borrower proving to the satisfaction of the
Bank that the Borrower has received an equity or subordinated debt investment of
no less than $1,000,000. The Borrower shall be entitled to receive a loan of up
to $1,000,000 ("Tranch #2") upon the Borrower proving to the satisfaction of the
Bank that (a) the Borrower has received approval to operate its new facility
from the United States Department of Agriculture, (b) the Borrower has moved
into its new facility at 1100 Morrison Road, (c) the Bank has received an
updated appraisal of the property where the new facility is located and (d) the
Bank has received a letter from an equity investor that states that the equity
investor is committed to fund a $1,000,000 equity or subordinated debt
investment in the Borrower upon the funding of Tranch #2. The Borrower shall
repay the Debt as follows:

            1.1. PRINCIPAL. The Borrower shall pay installments of the principal
balance of this Note to the Bank on the last day of each calendar month,
commencing July 15, 2005, in an amount equal to $26,514.14 until the earlier of
the Maturity Date or the date when all amounts owing hereunder have been
indefeasibly paid in full.

            1.2. INTEREST.

                  1.2.1. The Debt shall bear interest on the outstanding
principal amount, for each day from the date such Debt is made until the
Maturity Date, at a rate per annum equal to (a) the Prime Rate (as defined in
Section 7.13 below) or (b) the sum of the LIBOR (as defined in Section 7.13
below) of interest for such day plus (i) any additional costs provided for in
Section 1.7 plus (ii) 250 basis points. The Prime Rate means the rate of
interest for such day publicly established from time to time by the Bank
(whether or not such rate is publicly announced) as its prime rate and is not
intended to be the lowest rate of interest charged by the Bank in connection
with extensions of credit for borrowers. Interest on the Debt shall be paid by
the Borrower (a) (i) for Prime Rate loans, on the 15th day of each calendar
month, commencing January 15, 2005 or (ii) for LIBOR loans, on the 15th day of
the month at the end of each LIBOR Period, (b) on the Maturity Date, and (c)
thereafter on demand. Any change in the Prime Rate

<PAGE>

shall be effective, without notice, as of the opening of business of the Bank on
the day on which the Prime Rate shall change.

                  1.2.2. Whenever the unpaid principal amount of the Debt has
become due and payable, whether at the stated maturity thereof, by acceleration
or otherwise, interest thereon, for each day until paid, shall be paid by the
Borrower on demand at a rate per annum equal to the interest rate set forth
above plus 300 basis points.

                  1.2.3. All interest under this Note shall be computed on the
basis of the actual days elapsed in a year of 360 days.

            1.3. PREPAYMENTS; PAYMENTS; INTEREST RATE SWAP.

                  1.3.1. The Borrower shall have the right to make prepayments
at any time of the principal amount of the Debt, in whole or in part, in the
aggregate principal amount of $10.000 or a whole multiple thereof, without
notice. Each prepayment shall be without premium or penalty, and shall be
applied to the principal installments in inverse order of maturity; provided,
however, that a prepayment penalty may apply to a LIBOR Loan (as defined in
Section 1.3.3 below) or for any portion of the principal balance hereunder that
will be "swapped" into a fixed interest rate.

                  1.3.2. The Borrower shall make all payments of principal and
interest under this Note to the Bank at its main office (or such other location
as the Bank may direct) in immediately available funds. If any payment of
principal or interest on this Note shall become due on a day other than a
Banking Day, such payment shall be due and payable upon the next succeeding
Banking Day and such extension of time shall in such case be included in
computing interest in connection with such payment. A "Banking Day" is any day
on which the main office of the Bank is open for business, except Federal
holidays.

                  1.3.3. Every thirty days during the time period this Note is
outstanding, funds will be made available by the Bank in federal funds or other
immediately available money of the United States, in the form of a LIBOR Loan
(individually a "LIBOR Loan" and collectively the "LIBOR Loans"). Each LIBOR
Loan shall be in full amount of the outstanding principal balance hereunder.

                  1.3.4. The Borrower shall be entitled to enter into an
interest rate swap agreement with or through the Bank for up to $1,000,000 of
the principal balance hereof.

            1.4. ADDITIONAL INTEREST. For so long as the Bank maintains reserves
against "Eurocurrency liabilities" (or any other category of liabilities which
includes deposits by reference to which the interest rate on LIBOR Loans is
determined or any category of extensions of credit or other assets which
includes loans by a non-United States office of the Bank to United States
residents) which the Bank determines in good faith to be legally required, and
as a result the cost to the Bank of making or maintaining its LIBOR is
determined by the Bank in good faith to have increased, then the Bank may
require the Borrower to pay, contemporaneously with each payment of interest on
any LIBOR Loan of the Bank, additional interest on such LIBOR Loan at

                                       2
<PAGE>

a rate per annum equal to (a)(i) the applicable LIBOR divided by (ii) one minus
the Euro Reserve Percentage minus (b) the applicable LIBOR.

            1.5. WITHHOLDING TAXES. All principal, interest and fee payments
made by the Borrower under this Note shall be in such amounts that the Bank
shall receive all amounts owing thereunder and hereunder free and clear of any
foreign or domestic withholding taxes, fees or other charges of any foreign or
domestic taxing authority. The Borrower is not obligated to pay any federal,
state or local income tax attributable to the Bank.

            1.6. INTEREST RATES. In no event whatsoever shall the interest rate
and other charges hereunder exceed the highest rate permissible under any law
which a court of competent jurisdiction shall, in a final determination, deem
applicable hereto. In the event a court determines that the Bank has received
interest and other charges hereunder in excess of the highest rate applicable
hereto, the Bank shall promptly refund such excess amount to the Borrower and
the provisions hereof shall be deemed amended to provide for such permissible
rate.

            1.7. ADDITIONAL PROVISIONS AND LIMITATIONS RELATING TO LIBOR LOANS.

                  1.7.1. Additions. The additional provisions and limitations
set forth below shall apply with respect to LIBOR Loans:

                        (a) Deposits Unavailable. If the Bank shall, in good
faith and for reasons beyond its control, determine that it is unable to
reasonably ascertain the LIBOR or that the Bank is unable to acquire Eurodollar
deposits on reasonable terms in an amount sufficient to meet a request for a
LIBOR Loan, the Bank shall promptly notify the Borrower, whereupon until the
Bank notifies the Borrower that the circumstances giving rise to such
unavailability no longer exist (which the Bank shall do upon receiving notice
thereof), the obligations of the Bank to make LIBOR Loans shall be suspended. In
such event, the Borrower may request a Loan of like amount to be made using the
"prime" rate of the Bank then in effect.

                        (b) Illegality. If, because of the introduction of or
any change in, or because of any judicial, administrative, or other governmental
interpretation of, any law or regulation, it becomes unlawful for Lender to
make, fund, or maintain any advance or balance at the LIBOR Rate, then Lender's
obligation to make, fund or maintain any such advance or balance shall terminate
and any such affected outstanding advance or balance shall be converted to the
Prime Rate on the earlier of the first day of the month following thereafter or
the date the making, funding, or maintaining of any such advance or balance
becomes unlawful.

                        (c) Increased Costs. If, because of the introduction of
or any change in, or because of any judicial, administrative, or other
governmental interpretation of, any law or regulation, there shall be any
increase in the cost to Lender of making, funding, maintaining, or allocating
capital to any amount outstanding under the Note bearing interest at the LIBOR
Rate, including a change in LIBOR Reserve Requirements, then Borrower shall,
from time to time upon demand by Lender, pay to Lender additional amounts
sufficient to compensate Lender for such increased cost.

                                       3
<PAGE>

                        (g) Interest Period. With respect to LIBOR Loans, if the
LIBOR Period (i) ends on a day which is not a LIBOR Banking Day, the LIBOR
Period shall be extended to the next succeeding LIBOR Banking Day unless such
LIBOR Banking Day falls in another calendar month, in which case such LIBOR
Period shall end on the next preceding LIBOR Banking Day; or (ii) begins on the
last LIBOR Banking Day of a calendar month (or on a day for which there is no
numerically corresponding day in the calendar month at the end of such interest
period), the LIBOR Period shall end on the last LIBOR Banking Day of the
calendar month at the end of the interest period; provided, however that
notwithstanding (i) or (ii) above, no period may be selected which ends after
the Maturity Date.

                  1.7.2. Limitation. Charges or additional expenses or otherwise
to Borrower under Sections 1.4 or 1.7.1 shall be subject to the conditions that
each is (a) the subject of written notice given to Borrower by the Bank within a
reasonable time after the Bank determines that the same may exist; (b) the
result of a change in law or regulation or official interpretation thereof
occurring after the date hereof and (c) not reflected in the determination of
any other rate or charge hereunder.

                  1.7.3. Statement. The Bank's written statement to the Borrower
that items under or covered by this Section 1.7 are properly chargeable to
Borrower under this Note, the general nature of those charges, and the amount
thereof shall be deemed to be correct, unless Borrower is able to identify any
mistakes thereto.

      SECTION 2. REPRESENTATIONS AND WARRANTIES. The execution of this Note by
the Borrower shall be deemed to constitute the Borrower's representation and
warranty to the Bank that, at the time of execution and at the time of
disbursement of the Debt: (a) this Note and the Security Documents (as defined
in Section 4 hereof) are the legal, valid and binding obligation of the
Borrower, enforceable against the Borrower in accordance with their terms; (b)
the Security Documents create a valid lien of the Bank in the collateral
thereof, prior to the claims of any other person or entity except as noted
therein; (c) the execution and delivery of this Note and the Security Documents
by the Borrower do not and will not conflict with, violate or constitute a
default under or breach of any court or administrative order, decree or ruling,
or any law, statute, ordinance or regulation, or any agreement, indenture,
mortgage, deed of trust, guaranty, lease, note or other obligation or instrument
binding upon the Borrower or any of his respective properties or assets; and (d)
neither this Note nor any other statement, assignment, agreement, instrument or
certificate of the Borrower made or delivered pursuant to or in connection with
this Note contains any untrue statement of a material fact or omits to state a
material fact required to be stated therein, in light of the circumstances under
which they were made, or necessary to make the statements therein not
misleading.

      SECTION 3. COMPLIANCE WITH LAWS. On and after the date hereof and until
the Debt shall have been repaid and discharged in full or otherwise satisfied,
the Borrower shall comply with all applicable laws, including without limitation
all environmental laws.

      SECTION 4. SECURITY FOR DEBT. This Note is secured by and entitled to (a)
Commercial Security Agreement dated as of June 1, 2004, made by the Borrower for
the benefit of the Bank (the "Personal Property Security Agreement"), (b)
Commercial Security Agreement dated as of August 27, 2004, made by the Borrower
for the benefit of the Bank (the "Fixtures Security

                                       4
<PAGE>

Agreement"), (c) the Business Loan Agreement (Asset Based) dated as of June 1,
2004 and amended as of June 1, 2004 and December 17, 2004 between the Borrower
and the Bank (the "Loan Agreement") and (c) an Open-End Mortgage dated as of
August 27, 2004 and filed with the Franklin County Recorder's Office at
Instrument Number 200408270201023, as amended by Second Addendum to Open-End
Mortgage dated as of the date hereof (the "Mortgage" and, collectively with the
Loan Agreement, the Personal Property Security Agreement and the Fixtures
Security Agreement, the "Security Documents"), as any of the above may be
further amended or modified from time to time. Nothing contained in this Note,
the Security Documents or in any other document or instrument made in connection
herewith, shall be deemed or construed to create a partnership,
tenancy-in-common, joint tenancy, joint venture or co-ownership by or between
the Bank and the Borrower. The Bank shall not be in any way responsible for the
debts, losses, obligations or duties of the Borrower.

      SECTION 5. EVENTS OF DEFAULT. The following are Events of Defaults:

            5.1. The Borrower fails to make a payment of interest on the Note
when and as due.

            5.2. The Borrower fails to pay the principal of the Note when and as
due.

            5.3. The Borrower fails to make a payment of any fee, expense or
other amount of money (not including the principal of or interest on the Note)
owing to the Bank under this Note when and as due and such failure is not
remedied within 10 Banking Days after the due date.

            5.4. Any representation or warranty made by the Borrower in this
Note or any information contained in any Security Document, Guaranty,
certificate, report, financial statement or other document delivered to the Bank
by the Borrower contains any untrue statement of a material fact or omits to
state a material fact required by this Note or law to be stated therein or
necessary to make the statements therein, in light of the circumstances under
which they were made, not misleading.

            5.5. An Event of Default exists under the Loan Agreement.

      SECTION 6. DEFAULT REMEDIES.

            6.1. ACCELERATION. If an Event of Default exists, the outstanding
unpaid principal balance of this Note, together with all interest accrued
thereon and any unpaid fees, expenses or other amounts due to the Bank under
this Note, is immediately due and payable, without presentment, demand, protest
or notice of any kind, all of which are hereby waived.

            6.2. SET-OFF. Any and all moneys now or at any time hereafter owing
to the Borrower from the Bank, and all other funds on deposit in one or more
checking accounts with the Bank for the benefit of the Borrower, are hereby
pledged for the security of this and all other indebtedness from the Borrower to
the Bank or any legal holder hereof, and may, upon any demand for payment, be
paid and applied thereon whether such indebtedness be then due or to become due,
all without notice to or demand on the Borrower or any other person, all such

                                       5
<PAGE>

notices and demands being hereby expressly waived. If an Event of Default
exists, the Bank shall have the right, in addition to all other rights and
remedies available to it, to set-off against the principal of and interest on
this Note and any fees, expenses or other amounts owed to the Bank under this
Note (a) all amounts owing to the Borrower by the Bank, whether or not then due
and payable, and (b) all other funds or property of the Borrower (i) in a
deposit account (general or special) maintained with the Bank, or (ii) on
deposit with or otherwise held by or in the custody of the Bank for the
beneficial account of the Borrower, whether solely in the name of or for the
benefit of the Borrower or jointly in the name of or for the benefit of the
Borrower and any other person, all without notice to or demand on the Borrower
or any other person, all such notices and demands being hereby expressly waived.
The Bank, will notify the Borrower of any such set-off promptly after its
occurrence, but the failure to give such notice shall not affect the validity of
the set-off. The Borrower hereby confirms the Bank's right of banker's set-off
(also known as banker's lien) as it applies to the Borrower as set forth above,
and nothing in this Note shall be deemed a waiver or prohibition of such right
of banker's set-off.

            6.3. REMEDIES CUMULATIVE. The Bank may exercise the remedies
provided in the Security Documents upon the occurrence of an Event of Default.
No right or remedy conferred upon the Bank by this Note or legally available to
the Bank if an Event of Default exists is intended to be exclusive of any other
right or remedy, and each such right or remedy is cumulative and in addition to
every other such right or remedy.

            6.4. FORCE MAJEURE. The existence of an Event of Default is not
affected by the reason for its occurrence, even if the Event of Default was not
caused by a voluntary act of the Borrower or the Guarantor or was caused by a
natural disaster or force majeure.

      SECTION 7. MISCELLANEOUS.

            7.1. MODIFICATIONS AND WAIVERS. No modification or waiver of any
term or provision contained in this Note and no consent to any departure by the
Borrower therefrom shall in any event be effective unless the same is in writing
and signed by the waiving party. Such waiver or consent shall be effective only
in the specific instance and for the purpose for which it is given.

            7.2. NOTICES. Except where specific provisions of this Note provide
for some other form of notice or require receipt as a condition of notice, any
consent, waiver, notice, demand or other instrument required or permitted to be
given under this Note shall be deemed to have been properly received when in
writing and delivered in person or sent by certified or registered United States
mail, return receipt requested, postage prepaid, addressed, if to the Borrower:
1100 Morrison Road, Gahanna, Ohio 43230; and if to the Bank: KeyBank National
Association, 88 East Broad Street, Columbus, Ohio 43215, Attention: Mary Patton.
Any party may change its address for notices by notice in the manner set forth
above.

            7.3. PARTIAL INVALIDITY. If any term or provision of this Note or
the application thereof to any person, firm or corporation or any circumstance,
shall be invalid or unenforceable, the remainder of this Note, or the
application of such term or provision to any person, firm or corporation or any
circumstances, other than those as to which it is held invalid, shall both be

                                       6
<PAGE>

unaffected thereby and each term or provision of this Note shall be valid and be
enforced to the fullest extent permitted by law.

            7.4. NO IMPLIED RIGHTS OR WAIVERS. No notice to or demand on the
Borrower in any case shall entitle the Borrower to any other or further notice
or demand in the same, similar or other circumstances. Neither any failure nor
any delay on the part of the Bank in exercising any right, power or privilege
hereunder shall operate as a waiver thereof, nor shall a single or partial
exercise thereof preclude any other or further exercise of the same or the
exercise of any other right, power or privilege. The Borrower hereby waives
presentment, demand, notice, protest and all other demands and notices in
connection with the delivery, acceptance, performance, default or enforcement of
this Note.

            7.5. SUCCESSORS AND ASSIGNS. This Note shall be binding upon and
inure to the benefit of the respective heirs, successors and assigns of the Bank
and the Borrower; provided that the Borrower shall have no right to assign or
transfer its rights under this Note voluntarily or by operation of law without
first obtaining the written consent of the Bank, and any attempted assignment or
transfer in the absence of such consent shall be void and of no effect.

            7.6. EXPENSES. All fees, costs and expenses, including reasonable
fees and expenses of outside legal counsel, incurred by the Bank in connection
with the preparation and enforcement of this Note or any other instruments,
documents, or agreements to be delivered pursuant hereto or in connection
herewith, shall be paid by the Borrower to the Bank on demand.

            7.7. SURVIVAL OF PROVISIONS. All covenants, agreements,
representations, warranties and statements made in this Note or in any
certificate, statement, or other instrument given pursuant to this Note shall
survive the execution and delivery to the Bank of this Note and the making of
the Debt and shall continue in full force and effect so long as any obligation
of the Borrower under this Note is outstanding and unpaid.

            7.8. CAPTIONS. The captions and section numbers appearing in this
Note are inserted only as a matter of convenience; they do not define, limit,
construe or describe the scope or intent of the provisions of this Note.

            7.9. GOVERNING LAW. This Note shall be governed and construed by the
provisions hereof and in accordance with the laws of the State of Ohio
applicable to instruments to be performed in the State of Ohio.

            7.10. CONSENT. The Borrower hereby irrevocably and unconditionally
consents to submit to the exclusive jurisdiction of the courts of the State of
Ohio and of the United States of America located in the City of Columbus, Ohio
for any actions, suits or proceedings arising out of or relating to this Note
and the transactions contemplated hereby (and the Borrower agrees not to
commence any action, suit or proceeding relating thereto except in such courts),
and further agrees that service of any process, summons, notice or document by
U.S. certified or registered mail, return receipt requested, to the address set
forth in Section 7.2 shall be effective service of process for any action, suit
or proceeding brought against the Borrower in any such court. The Borrower
hereby irrevocably and unconditionally waives any objection to the laying of
venue of any action, suit or proceeding arising out of this Note, or the
transactions

                                       7
<PAGE>

contemplated hereby, in the courts of the State of Ohio or the United States of
America located in the City of Columbus, Ohio, and hereby further irrevocably
and unconditionally waives and agrees not to plead or claim in any such court
that any such action, suit or proceeding brought in any such court has been
brought in an inconvenient forum.

            7.11. WARRANT OF ATTORNEY. The Borrower hereby authorizes any
attorney at law to appear for the Borrower in an action on this Note, at any
time after the same becomes due and payable, as herein provided, in any court of
record in or of the State of Ohio, or elsewhere, to waive the issuing and
service of process against the Borrower and to confess judgment in favor of the
legal holder of this Note against the Borrower for the amount that may be due,
with interest at the rates herein mentioned and cost of suit, and to waive and
release all errors in said proceedings and judgment, and all petitions in error,
and right of appeal from the judgment rendered.

            7.12. WAIVER OF JURY TRIAL. THE BANK AND THE BORROWER HEREBY
VOLUNTARILY, IRREVOCABLY AND UNCONDITIONALLY WAIVE ANY RIGHT TO HAVE A JURY
PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT, OR
OTHERWISE, BETWEEN THE BANK AND THE BORROWER ARISING OUT OF, IN CONNECTION WITH,
RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED BETWEEN THE BORROWER
AND THE BANK IN CONNECTION WITH THIS NOTE, THE SECURITY DOCUMENTS, OR ANY OTHER
AGREEMENT OR DOCUMENT EXECUTED OR DELIVERED IN CONNECTION HEREWITH OR THEREWITH
OR THE TRANSACTIONS RELATED HERETO OR THERETO. THIS PROVISION IS A MATERIAL
INDUCEMENT TO THE BANK TO ENTER INTO THE FINANCING TRANSACTIONS WITH THE
BORROWER. IT SHALL NOT IN ANY WAY AFFECT, WAIVE, LIMIT, AMEND OR MODIFY THE
BANK'S ABILITY TO PURSUE ITS REMEDIES INCLUDING, BUT NOT LIMITED TO, ANY
CONFESSION OF JUDGMENT OR COGNOVIT PROVISION CONTAINED IN THIS NOTE, THE
SECURITY DOCUMENTS OR ANY OTHER DOCUMENT RELATED HERETO OR THERETO.

            7.13. DEFINITIONS.

            "Euro Reserve Percentage" means for any day that percentage
(expressed as a decimal) which is in effect on such day, as prescribed by the
Board of Governors of the Federal Reserve System (or any successor) for
determining the actual reserve requirement for a member bank of the Federal
Reserve System in respect of "Eurocurrency liabilities" (or in respect of any
other category of liabilities which includes deposits by reference to which the
interest rate on LIBOR Loans is determined or any category of extensions of
credit or other assets which includes loans by a non-United States office of the
Bank to United States residents).

            "LIBOR" means the rate of interest per annum calculated in good
faith by the Bank, which the Bank determines in reference to the rate at which
deposits were offered by prime banks in United States dollars at 11:00 a.m.,
London time, in the London Interbank Eurodollar Market on the second London
Banking Day preceding the date of such LIBOR Loan for delivery on the date of
such LIBOR Loan, for deposits for a 30 day period and in an amount equal to the
amount of such LIBOR Loan.

                                       8
<PAGE>

            "LIBOR Loan" is defined at Section 1.3.3.

            "LIBOR Period" means each 30-day period for which a LIBOR is
applicable for the Debt.

            "London Banking Days" or "LIBOR Banking Days" means days on which
dealings are carried out in the London Interbank Market.

            "Prime Rate" means the rate of interest for such day publicly
established from time to time by the Bank (whether or not such rate is publicly
announced) as its prime rate and is not intended to be the lowest rate of
interest charged by the Bank in connection with extensions of credit for
borrowers.

                                       9
<PAGE>

            Tills Term Promissory Note was executed in Columbus, Ohio as of the
date first written above.

WARNING - BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT
TRIAL. IF YOU DO NOT PAY ON TIME A COURT JUDGEMENT MAY BE TAKEN AGAINST YOU
WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT
FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE CREDITOR WHETHER FOR
RETURNED GOODS, FAULTY GOODS, FAILURE ON HIS PART TO COMPLY WITH THE AGREEMENT,
OR ANY OTHER CAUSE.

                                             KAHIKI FOODS, INC.

                                             By: /s/ Michael C. Tsao
                                                 -------------------------------
                                             Name: Michael C. Tsao, President

                                       10

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