Document:

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EXHIBIT 10.4

THIS NOTE AND THE SECURITIES ISSUABLE UPON THE CONVERSION HEREOF HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THEY MAY NOT BE SOLD,
OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE
REGISTRATION STATEMENT AS TO THE SECURITIES UNDER SAID ACT OR AN OPINION OF
COUNSEL SATISFACTORY TO THE CORPORATION THAT SUCH REGISTRATION IS NOT REQUIRED.

                            SMOKY MARKET FOODS, INC.

                           CONVERTIBLE PROMISSORY NOTE

$[_________]                                                ___________ __, 2006
Note Number: __

         FOR VALUE RECEIVED, Smoky Market Foods, Inc., a Nevada corporation (the
"COMPANY") promises to pay to [_________________] ("INVESTOR"), or its
registered assigns, in lawful money of the United States of America the
principal sum of [_________] Dollars ($[_________]), or such lesser amount as
shall equal the outstanding principal amount hereof, together with interest from
the date of this Note on the unpaid principal balance at a rate equal to 9% per
annum, computed on the basis of the actual number of days elapsed and a year of
365 days. All unpaid principal, together with any then unpaid and accrued
interest and other amounts payable hereunder, shall be due and payable on the
earlier of (i) December 1, 2006 (the "MATURITY DATE"), or (ii) when, upon or
after the occurrence of an Event of Default (as defined below), such amounts are
declared due and payable by Investor or made automatically due and payable in
accordance with the terms hereof. This Note is issued pursuant to the Securities
Purchase Agreement, dated as of June __, 2006 (as amended, modified or
supplemented, the "PURCHASE AGREEMENT") between the Company and Investor.

         The following is a statement of the rights of Investor and the
conditions to which this Note is subject, and to which Investor, by the
acceptance of this Note, agrees:

         1. DEFINITIONS. As used in this Note, the following capitalized terms
have the following meanings:

                  (a) "COMMON STOCK" shall mean the common stock, par value
$.001 per share, of the Company.

                  (b) "COMPANY" includes the corporation initially executing
this Note and any Person which shall succeed to or assume the obligations of the
Company under this Note.

                  (c) "EVENT OF DEFAULT" has the meaning given in SECTION 4
hereof.

                  (d) "INVESTOR" shall mean the Person specified in the
introductory paragraph of this Note or any Person who shall at the time be the
registered holder of this Note.

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                  (e) "LIEN" shall mean, with respect to any property, any
security interest, mortgage, pledge, lien, claim, charge or other encumbrance
in, of, or on such property or the income therefrom, including, without
limitation, the interest of a vendor or lessor under a conditional sale
agreement, capital lease or other title retention agreement, or any agreement to
provide any of the foregoing, and the filing of any financing statement or
similar instrument under the Uniform Commercial Code or comparable law of any
jurisdiction.

                  (f) "SEVENTY-FIVE PERCENT (75%) MAJORITY IN INTEREST" shall
mean seventy-five percent (75%) or more of the aggregate outstanding principal
amount of notes issued pursuant to the Purchase Agreement or other agreements
with substantially similar terms to the Purchase Agreement.

                  (g) "MATERIAL ADVERSE EFFECT" shall mean a material adverse
effect on (a) the business, assets, operations, prospects or financial or other
condition of the Company; (b) the ability of the Company to pay or perform the
Obligations in accordance with the terms of this Note and the other Transaction
Documents and to avoid an Event of Default, or an event which, with the giving
of notice or the passage of time or both, would constitute an Event of Default
under any Transaction Document; or (c) the rights and remedies of Investor under
this Note, the other Transaction Documents or any related document, instrument
or agreement.

                  (h) "PURCHASE AGREEMENT" has the meaning given in the
introductory paragraph hereof.

                  (i) "OBLIGATIONS" shall mean and include all loans, advances,
debts, liabilities and obligations, howsoever arising, owed by the Company to
Investor pursuant to the terms of this Note or the Purchase Agreement,
including, all interest, fees, charges, expenses, attorneys' fees and costs and
accountants' fees and costs chargeable to and payable by the Company hereunder
and thereunder.

                  (j) "PERSON" shall mean and include an individual, a
partnership, a corporation (including a business trust), a joint stock company,
a limited liability company, an unincorporated association, a joint venture or
other entity or a governmental authority.

                  (k) "REGISTRABLE SECURITIES" shall mean (i) shares of Common
Stock issued or issuable pursuant to the conversion of the Note or exercise of
the Warrant issued under the Purchase Agreement, (ii) shares of Common Stock
issued or issuable pursuant to the conversion of any Note or exercise of a
Warrant issued under a purchase agreement with substantially similar terms and
conditions as the Purchase Agreement, and (iii) any Common Stock issued as a
dividend or other distribution with respect to or in exchange for or in
replacement of the shares referenced in (i) and (ii) above; PROVIDED, HOWEVER,
that Registrable Securities shall not include any shares of Common Stock
described in clause (i) or (ii) above which have previously been registered or
which have been sold to the public either pursuant to a registration statement
or Rule 144 (y) which are eligible for re-sale pursuant to subsection (k) of
Rule 144 or (z) which have been sold in a private transaction in which the
transferor's rights under this Agreement are not validly assigned in accordance
with this Agreement.

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                  (l) "RULE 144" shall mean Rule 144 promulgated under the
Securities Act.

                  (m) "SECURITIES ACT" shall mean the Securities Act of 1933, as
amended.

                  (n) "TRANSACTION DOCUMENTS" shall mean this Note, the Purchase
Agreement and the Warrants issued under the Purchase Agreement.

         2. INTEREST. Accrued interest on this Note shall be payable at maturity
of the principal amount hereunder.

         3. PREPAYMENT. This Note may be prepaid at any time without penalty.

         4. EVENTS OF DEFAULT. The occurrence of any of the following shall
constitute an "EVENT OF Default" under this Note and the other Transaction
Documents:

                  (a) FAILURE TO PAY. The Company shall fail to pay (i) when due
any principal or interest payment on the due date hereunder or (ii) any other
payment required under the terms of this Note or any other Transaction Document
on the date due and such payment shall not have been made within ten days of the
Company's receipt of Investor's written notice to the Company of such failure to
pay; or

                  (b) BREACHES OF COVENANTS. The Company shall fail to observe
or perform any other covenant, obligation, condition or agreement contained in
this Note or the other Transaction Documents (other than those specified in
SECTIONS 4(A)) and (i) such failure shall continue for 15 days after the Company
receives notice thereof from Investor, or (ii) if such failure is not curable
within such 15-day period, but is reasonably capable of cure within 30 days,
either (A) such failure shall continue for 30 days or (B) the Company shall not
have commenced a cure in a manner reasonably satisfactory to Investor within the
initial 15-day period; or

                  (c) VOLUNTARY BANKRUPTCY OR INSOLVENCY PROCEEDINGS. The
Company shall (i) apply for or consent to the appointment of a receiver,
trustee, liquidator or custodian of itself or of all or a substantial part of
its property, (ii) be unable, or admit in writing its inability, to pay its
debts generally as they mature, (iii) make a general assignment for the benefit
of its creditors, (iv) be dissolved or liquidated, (v) commence a voluntary case
or other proceeding seeking liquidation, reorganization or other relief with
respect to itself or its debts under any bankruptcy, insolvency or other similar
law now or hereafter in effect or consent to any such relief or to the
appointment of or taking possession of its property by any official in an
involuntary case or other proceeding commenced against it, or (vi) take any
action for the purpose of effecting any of the foregoing; or

                  (d) INVOLUNTARY BANKRUPTCY OR INSOLVENCY PROCEEDINGS.
Proceedings for the appointment of a receiver, trustee, liquidator or custodian
of the Company or of all or a substantial part of the property thereof, or an
involuntary case or other proceedings seeking liquidation, reorganization or
other relief with respect to the Company or the debts thereof under any
bankruptcy, insolvency or other similar law now or hereafter in effect shall be
commenced and an order for relief entered or such proceeding shall not be
dismissed or discharged within 30 days of commencement.

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         5. RIGHTS OF INVESTOR UPON DEFAULT. Upon the occurrence or existence of
any Event of Default (other than an Event of Default described in SECTIONS 4(D))
and at any time thereafter during the continuance of such Event of Default,
Investor may, with the consent of holders of Seventy-five Percent (75%) Majority
in Interest, by written notice to the Company, declare all outstanding
Obligations payable by the Company hereunder to be immediately due and payable
without presentment, demand, protest or any other notice of any kind, all of
which are hereby expressly waived, anything contained herein or in the other
Transaction Documents to the contrary notwithstanding. Upon the occurrence or
existence of any Event of Default described in SECTIONS 4(D), immediately and
without notice, all outstanding Obligations payable by the Company hereunder
shall automatically become immediately due and payable, without presentment,
demand, protest or any other notice of any kind, all of which are hereby
expressly waived, anything contained herein or in the other Transaction
Documents to the contrary notwithstanding. In addition to the foregoing
remedies, upon the occurrence or existence of any Event of Default, Investor may
exercise any other right, power or remedy granted to it by the Transaction
Documents or otherwise permitted to it by law, either by suit in equity or by
action at law, or both.

         6.       CONVERSION.

                  (a) AUTOMATIC CONVERSION. In the event that prior to the
Maturity Date, the NASD issues a trading symbol with respect to trading of the
Common Stock on the OTC Bulletin Board or the OTC Pink Sheets (which event is
hereinafter referred to as "COMMENCEMENT OF TRADING"), then the outstanding
principal amount of and all accrued interest under this Note shall automatically
convert into that number of shares of the Common Stock as is determined by
dividing such principal amount, plus accrued interest, by $0.10 per share
(adjusted to reflect subsequent stock dividends, stock splits, combinations or
recapitalizations). Investor also agrees to deliver the original of this Note
(or a notice to the effect that the original Note has been lost, stolen or
destroyed and an agreement acceptable to the Company whereby the holder agrees
to indemnify the Company from any loss incurred by it in connection with this
Note) promptly following receipt of notification of Commencement of Trading;
PROVIDED, HOWEVER, that upon the Commencement of Trading, this Note shall be
deemed converted and of no further force and effect, whether or not it is
delivered for cancellation as set forth in this sentence.

                  (b) OPTIONAL CONVERSION. The entire outstanding principal
amount of, and all accrued interest under this Note shall be convertible at the
option of Investor into that number of shares of the Common Stock as is
determined by dividing such principal amount, plus accrued interest, by $0.10
per share (adjusted to reflect subsequent stock dividends, stock splits,
combinations or recapitalizations). Before Investor shall be entitled to convert
this Note into shares of Common Stock under this SECTION 6(B), it shall
surrender this Note, duly endorsed, at the office of the Company and shall give
written notice to the Company at its principal corporate office, of the election
to convert the same pursuant to this Section, and shall state therein the amount
of the unpaid principal amount of this Note to be converted and the name or
names in which the certificate or certificates for shares of Common Stock are to
be issued. The Company shall, as soon as practicable thereafter, issue and
deliver at such office to Investor a certificate or certificates for the number
of shares of Common Stock to which Investor shall be entitled upon conversion
(bearing such legends as are required by the stock purchase agreement, the
Purchase Agreement and applicable state and federal securities laws in the
opinion of counsel to the Company), together with a replacement Note (if any

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principal amount is not converted) and any other securities and property to
which Investor is entitled upon such conversion under the terms of this Note,
including a check payable to Investor for any cash amounts payable as described
in SECTION 7(C). The conversion shall be deemed to have been made immediately
prior to the close of business on the date of the surrender of this Note, and
the Person or Persons entitled to receive the shares of Common Stock upon such
conversion shall be treated for all purposes as the record Investor of such
shares of Common Stock as of such date.

                  (c) FRACTIONAL SHARES; INTEREST; EFFECT OF CONVERSION. No
fractional shares shall be issued upon conversion of this Note. In lieu of the
Company issuing any fractional shares to Investor upon the conversion of this
Note, the Company shall pay to Investor an amount equal to the product obtained
by multiplying the conversion price by the fraction of a share not issued
pursuant to the previous sentence. In addition, the Company shall pay to
Investor any interest accrued on the amount converted and on the amount to be
paid to the Company pursuant to the previous sentence. Upon conversion of this
Note in full and the payment of any amounts specified in this SECTION 7(C), the
Company shall be forever released from all its obligations and liabilities under
this Note.

         7. SUCCESSORS AND ASSIGNS. Subject to the restrictions on transfer
described in SECTIONS 9 and 10 below, the rights and obligations of the Company
and Investor shall be binding upon and benefit the successors, assigns, heirs,
administrators and transferees of the parties.

         8. WAIVER AND AMENDMENT. Any provision of this Note may be amended,
waived or modified upon the written consent of the Company and the holders of a
Seventy-five Percent (75%) Majority in Interest.

         9. TRANSFER OF THIS NOTE OR SECURITIES ISSUABLE ON CONVERSION HEREOF.
With respect to any offer, sale or other disposition of this Note or securities
into which such Note may be converted, Investor will give written notice to the
Company prior thereto, describing briefly the manner thereof, together with a
written opinion of Investor's counsel, or other evidence if reasonably
satisfactory to the Company, to the effect that such offer, sale or other
distribution may be effected without registration or qualification (under any
federal or state law then in effect). Upon receiving such written notice and
reasonably satisfactory opinion, if so requested, or other evidence, the
Company, as promptly as practicable, shall notify Investor that Investor may
sell or otherwise dispose of this Note or such securities, all in accordance
with the terms of the notice delivered to the Company. If a determination has
been made pursuant to this SECTION 9 that the opinion of counsel for Investor,
or other evidence, is not reasonably satisfactory to the Company, the Company
shall so notify Investor promptly after such determination has been made. Each
Note thus transferred and each certificate representing the securities thus
transferred shall bear a legend as to the applicable restrictions on
transferability in order to ensure compliance with the Securities Act, unless in
the opinion of counsel for the Company such legend is not required in order to
ensure compliance with the Securities Act. The Company may issue stop transfer
instructions to its transfer agent in connection with such restrictions. Subject
to the foregoing transfers of this Note shall be registered upon registration
books maintained for such purpose by or on behalf of the Company as provided in
the Purchase Agreement. Prior to presentation of this Note for registration of
transfer, the Company shall treat the registered holder hereof as the owner and
holder of this Note for the purpose of receiving all payments of principal and
interest hereon and for all other purposes whatsoever, whether or not this Note
shall be overdue and the Company shall not be affected by notice to the
contrary.

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         10. ASSIGNMENT BY THE COMPANY. Neither this Note nor any of the rights,
interests or obligations hereunder may be assigned, by operation of law or
otherwise, in whole or in part, by the Company without the prior written consent
of the holders of a Seventy-five Percent (75%) Majority in Interest or by
Investor without the prior written consent of the Company.

         11. NOTICES. All notices, requests, demands, consents, instructions or
other communications required or permitted hereunder shall in writing and faxed,
mailed or delivered to each party at the respective addresses of the parties as
set forth in the Purchase Agreement, or at such other address or facsimile
number as the Company shall have furnished to Investor in writing. All such
notices and communications will be deemed effectively given the earlier of (i)
when received, (ii) when delivered personally, (iii) one business day after
being delivered by facsimile (with receipt of appropriate confirmation), (iv)
one business day after being deposited with an overnight courier service of
recognized standing or (v) four days after being deposited in the U.S. mail,
first class with postage prepaid.

         12. PAYMENT. Payment shall be made in lawful tender of the United
States.

         13. DEFAULT RATE; USURY. During any period in which an Event of Default
has occurred and is continuing, the Company shall pay interest on the unpaid
principal balance hereof at a rate per annum equal to the rate otherwise
applicable hereunder plus five percent (5%). In the event any interest is paid
on this Note which is deemed to be in excess of the then legal maximum rate,
then that portion of the interest payment representing an amount in excess of
the then legal maximum rate shall be deemed a payment of principal and applied
against the principal of this Note.

         14. WAIVERS. The Company hereby waives notice of default, presentment
or demand for payment, protest or notice of nonpayment or dishonor and all other
notices or demands relative to this instrument.

         15. GOVERNING LAW. This Note and all actions arising out of or in
connection with this Note shall be governed by and construed in accordance with
the laws of the State of Iowa, without regard to the conflicts of law provisions
of the State of Iowa or of any other state.

         The Company has caused this Note to be issued as of the date first
written above.

                                           SMOKY MARKET FOODS, INC.
                                           a Nevada corporation

                                           By: _________________________________

                                           Name: _______________________________

                                           Title:_______________________________

                                       6<PAGE>

EXHIBIT 10.5

THIS WARRANT AND THE SECURITIES ISSUABLE UPON THE EXERCISE HEREOF HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THEY MAY NOT BE SOLD,
OFFERED FOR SALE, PLEDGED, HYPOTHECATED, OR OTHERWISE TRANSFERRED EXCEPT
PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF
1933, AS AMENDED OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT
REGISTRATION IS NOT REQUIRED.

                            SMOKY MARKET FOODS, INC.

                           WARRANT TO PURCHASE SHARES

         This Warrant is issued to [__________________] by Smoky Market Foods,
Inc., a Nevada corporation (the "COMPANY"), pursuant to the terms of that
certain Securities Purchase Agreement (the "PURCHASE AGREEMENT"), dated as of
________ __, 2006, in connection with the Company's issuance to the holder of
this Warrant ("HOLDER") of a Convertible Promissory Note (the "NOTE").

                  (a) PURCHASE OF SHARES. Subject to the terms and conditions
hereinafter set forth and set forth in the Purchase Agreement, Holder is
entitled, upon surrender of this Warrant at the principal office of the Company
(or at such other place as the Company shall notify Holder in writing), to
purchase from the Company up to the number of fully paid and nonassessable
shares of common stock, par value $.0001 per share, of the Company (the "COMMON
STOCK") equal to the number of shares of Common Stock into which the original
principal amount of the Note may convert pursuant to the Note.

         2. DEFINITIONS.

                  (a) EXERCISE PRICE. The exercise price for the Common Stock
shall be $0.25 per share (such price, as adjusted from time to time, is herein
referred to as the "EXERCISE PRICE").

                  (b) EXERCISE PERIOD. This Warrant shall be exercisable, in
whole or in part, during the term commencing on the date hereof and ending on
the earliest to occur of (i) the nine-month anniversary of the date hereof, or
(ii) immediately prior to a Change of Control. The Company shall provide at
least ten (10) days prior written notice of any event set forth in Section
2(b)(ii).

                  (c) CHANGE OF CONTROL. The term "CHANGE OF CONTROL" shall mean
(i) any consolidation or merger involving the Company pursuant to which the
Company's stockholders own less than fifty percent (50%) of the voting
securities of the surviving entity or its parent or (ii) the sale of all or
substantially all of the assets of the Company.

         3. METHOD OF EXERCISE. While this Warrant remains outstanding and
exercisable in accordance with Section 2 above, Holder may exercise, in whole or
in part, the purchase rights evidenced hereby. Such exercise shall be effected
by:

                           (i) the surrender of the Warrant, together with a
notice of exercise to the Chief Financial Officer of the Company at its
principal offices; and

                           (ii) the payment to the Company of an amount equal to
the aggregate Exercise Price for the number of shares of Common Stock being
purchased.

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         4. CERTIFICATES FOR SHARES. Upon the exercise of the purchase rights
evidenced by this Warrant, one or more certificates for the number of shares so
purchased shall be issued as soon as practicable thereafter, and in any event
within thirty (30) days of the delivery of the subscription notice.

         5. ISSUANCE OF SHARES. The Company covenants that the shares of Common
Stock, when issued pursuant to the exercise of this Warrant, will be duly and
validly issued, fully paid and nonassessable and free from all taxes, liens, and
charges with respect to the issuance thereof.

         6. ADJUSTMENT OF EXERCISE PRICE AND NUMBER OF SHARES. The number of and
kind of securities purchasable upon exercise of this Warrant and the Exercise
Price shall be subject to adjustment from time to time as follows:

                  (a) SUBDIVISIONS, COMBINATIONS AND OTHER ISSUANCES. If the
Company shall at any time prior to the expiration of this Warrant subdivide the
Common Stock, by split-up or otherwise, or combine its shares, or issue
additional shares of its Common Stock as a dividend, the number of shares
issuable on the exercise of this Warrant shall forthwith be proportionately
increased in the case of a subdivision or stock dividend, or proportionately
decreased in the case of a combination. Appropriate adjustments shall also be
made to the purchase price payable per share, but the aggregate purchase price
payable for the total number of shares purchasable under this Warrant (as
adjusted) shall remain the same. Any adjustment under this Section 6(a) shall
become effective at the close of business on the date the subdivision or
combination becomes effective, or as of the record date of such dividend, or in
the event that no record date is fixed, upon the making of such dividend.

                  (b) RECLASSIFICATION, REORGANIZATION AND CONSOLIDATION. In
case of any reclassification, capital reorganization, or change in the capital
stock of the Company (other than as a result of a subdivision, combination, or
stock dividend provided for in Section 6(a) above), then the Company shall make
appropriate provision so that Holder shall have the right at any time prior to
the expiration of this Warrant to purchase, at a total price equal to that
payable upon the exercise of this Warrant, the kind and amount of shares of
stock and other securities and property receivable in connection with such
reclassification, reorganization, or change by a holder of the same number of
shares as were purchasable by Holder immediately prior to such reclassification,
reorganization, or change. In any such case appropriate provisions shall be made
with respect to the rights and interest of Holder so that the provisions hereof
shall thereafter be applicable with respect to any shares of stock or other
securities and property deliverable upon exercise hereof, and appropriate
adjustments shall be made to the purchase price per share payable hereunder,
provided the aggregate purchase price shall remain the same.

                  (c) NOTICE OF ADJUSTMENT. When any adjustment is required to
be made in the number or kind of shares purchasable upon exercise of the
Warrant, or in the Exercise Price, the Company shall promptly notify Holder of
such event and of the number of shares of Common Stock or other securities or
property thereafter purchasable upon exercise of this Warrant.

         7. NO FRACTIONAL SHARES OR SCRIP. No fractional shares or scrip
representing fractional shares shall be issued upon the exercise of this
Warrant, but in lieu of such fractional shares the Company shall make a cash
payment therefor on the basis of the Exercise Price then in effect.

         8. REPRESENTATIONS OF THE COMPANY. The Company represents that all
corporate actions on the part of the Company, its officers, directors and
stockholders necessary for the sale and issuance of this Warrant have been
taken.

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         9. REPRESENTATIONS AND WARRANTIES BY THE HOLDER. Holder represents and
warrants to the Company as follows:

                  (a) This Warrant and the Shares issuable upon exercise thereof
are being acquired for its own account, for investment and not with a view to,
or for resale in connection with, any distribution or public offering thereof
within the meaning of the Securities Act of 1933, as amended (the "ACT"). Upon
exercise of this Warrant, Holder shall, if so requested by the Company, confirm
in writing, in a form satisfactory to the Company, that the securities issuable
upon exercise of this Warrant are being acquired for investment and not with a
view toward distribution or resale.

                  (b) Holder understands that the Warrant and the Shares have
not been registered under the Act by reason of their issuance in a transaction
exempt from the registration and prospectus delivery requirements of the Act
pursuant to Section 4(2) thereof and/or Regulation D promulgated thereunder, and
that they must be held by Holder indefinitely, and that Holder must therefore
bear the economic risk of such investment indefinitely, unless a subsequent
disposition thereof is registered under the Act or is exempted from such
registration.

                  (c) Holder has such knowledge and experience in financial and
business matters that it is capable of evaluating the merits and risks of the
purchase of this Warrant and the shares of Common Stock purchasable pursuant to
the terms of this Warrant and of protecting its interests in connection
therewith.

                  (d) Holder is able to bear the economic risk of the purchase
of the shares of Common Stock pursuant to the terms of this Warrant.

                  (e) Holder is an "accredited investor" as such term is defined
in Rule 501 of Regulation D promulgated under the Act.

         10.      RESTRICTIVE LEGEND.

                  The shares of Common Stock (unless registered under the Act)
shall be stamped or imprinted with a legend in substantially the following form:

                  THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ACQUIRED
                  FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH,
                  THE SALE OR DISTRIBUTION THEREOF, AND HAVE NOT BEEN REGISTERED
                  UNDER THE SECURITIES ACT OF 1933, AS AMENDED. SUCH SHARES MAY
                  NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION
                  OR AN EXEMPTION THEREFROM UNDER THE ACT AND ANY APPLICABLE
                  STATE SECURITIES LAWS. COPIES OF THE AGREEMENT COVERING THE
                  PURCHASE OF THESE SHARES AND RESTRICTING THEIR TRANSFER MAY BE
                  OBTAINED AT NO COST BY WRITTEN REQUEST MADE BY THE HOLDER OF
                  RECORD OF THIS CERTIFICATE TO THE SECRETARY OF THE COMPANY AT
                  THE PRINCIPAL EXECUTIVE OFFICES OF THE COMPANY.

If Holder is party to any voting agreement, co-sale agreement, investor rights
agreement or other agreement with the Company requiring that specified legends
be placed upon securities held by Holder, the shares of Common Stock will also
contain such legends.

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<PAGE>

         11. WARRANTS TRANSFERABLE. Subject to compliance with the terms and
conditions of this Section 11 and any other agreements to which Holder is a
party, this Warrant and all rights hereunder are transferable, in whole or in
part, without charge to Holder (except for transfer taxes), upon surrender of
this Warrant properly endorsed or accompanied by written instructions of
transfer. With respect to any offer, sale or other disposition of this Warrant
or any shares acquired pursuant to the exercise of this Warrant prior to
registration of such Warrant or shares, Holder agrees to give written notice to
the Company prior thereto, describing briefly the manner thereof, together with
a written opinion of Holder's counsel, or other evidence, if requested by the
Company, to the effect that such offer, sale or other disposition may be
effected without registration or qualification (under the Act as then in effect
or any federal or state securities law then in effect) of this Warrant or the
shares of Common Stock and indicating whether or not under the Act certificates
for this Warrant or the shares of Common Stock to be sold or otherwise disposed
of require any restrictive legend as to applicable restrictions on
transferability in order to ensure compliance with such law. Upon receiving such
written notice and reasonably satisfactory opinion or other evidence, if so
requested, the Company, as promptly as practicable, shall notify Holder that
Holder may sell or otherwise dispose of this Warrant or such shares, all in
accordance with the terms of the notice delivered to the Company. If a
determination has been made pursuant to this Section 11 that the opinion of
counsel for Holder or other evidence is not reasonably satisfactory to the
Company, the Company shall so notify Holder promptly with details thereof after
such determination has been made. Each certificate representing this Warrant or
the shares transferred in accordance with this Section 11 shall bear a legend as
to the applicable restrictions on transferability in order to ensure compliance
with such laws, unless in the aforesaid opinion of counsel for Holder, such
legend is not required in order to ensure compliance with such laws. The Company
may issue stop transfer instructions to its transfer agent in connection with
such restrictions.

         12. RIGHTS OF STOCKHOLDERS. Holder shall not be entitled, as a Warrant
holder, to vote or receive dividends or be deemed the holder of the shares of
Common Stock or any other securities of the Company which may at any time be
issuable on the exercise hereof for any purpose, nor shall anything contained
herein be construed to confer upon the holder of this Warrant, as such, any of
the rights of a stockholder of the Company or any right to vote for the election
of directors or upon any matter submitted to stockholders at any meeting
thereof, or to give or withhold consent to any corporate action (whether upon
any recapitalization, issuance of stock, reclassification of stock, change of
par value, consolidation, merger, conveyance, or otherwise) or to receive notice
of meetings, or to receive dividends or subscription rights or otherwise until
the Warrant shall have been exercised and the shares purchasable upon the
exercise hereof shall have become deliverable, as provided herein.

         13. NOTICES. All notices and other communications required or permitted
hereunder shall be in writing, shall be effective when given, and shall in any
event be deemed to be given upon receipt or, if earlier, (a) four (4) days after
deposit with the U.S. Postal Service or other applicable postal service, if
delivered by first class mail, postage prepaid, (b) upon delivery, if delivered
by hand, (c) one business day after the business day of deposit with Federal
Express or similar overnight courier, freight prepaid or (d) one business day
after the business day of facsimile transmission, if delivered by facsimile
transmission with copy by first class mail, postage prepaid, and shall be
addressed (i) if to Holder, at Holder's address as set forth in the Purchase
Agreement, and (ii) if to the Company, at the address of its principal corporate
offices (attention: President) or at such other address as a party may designate
by ten days advance written notice to the other party pursuant to the provisions
above.

         14. GOVERNING LAW. This Warrant and all actions arising out of or in
connection with this Agreement shall be governed by and construed in accordance
with the laws of the State of Iowa, without regard to the conflicts of law
provisions of the State of Iowa or of any other state.

         15. RIGHTS AND OBLIGATIONS SURVIVE EXERCISE OF WARRANT. Unless
otherwise provided herein, the rights and obligations of the Company, of Holder
and of the holder of the shares issued upon exercise of this Warrant, shall
survive the exercise of this Warrant.

                                       4
<PAGE>

         Issued this [__________] __, 2006

                                             SMOKY MARKET FOODS, INC.

                                             By: _______________________________

                                             Title: ____________________________

                 [SIGNATURE PAGE TO WARRANT TO PURCHASE SHARES]

                                       5
<PAGE>

                                    EXHIBIT A
                                    ---------

                               NOTICE OF EXERCISE
                               ------------------

TO:      Smoky Market Foods, Inc.
         __________________________________
         __________________________________
         Attention: Chief Financial Officer
         Facsimile: _______________

         1. The undersigned hereby elects to purchase __________ Shares of
_____________ pursuant to the terms of the attached Warrant. The undersigned
tenders herewith payment in full for the purchase price of the shares being
purchased, together with all applicable transfer taxes, if any

         2. Please issue a certificate or certificates representing said Shares
in the name of the undersigned or in such other name as is specified below:

                    _________________________________________
                                     (Name)

                    _________________________________________

                    _________________________________________
                                    (Address)

         3. The undersigned hereby represents and warrants that the aforesaid
Shares are being acquired for the account of the undersigned for investment and
not with a view to, or for resale, in connection with the distribution thereof,
and that the undersigned has no present intention of distributing or reselling
such shares and all representations and warranties of the undersigned set forth
in Section 9 of the attached Warrant (including Section 10 (e) thereof) are true
and correct as of the date hereof.

                                             ___________________________________
                                                         (Signature)

                                             ___________________________________
                                                           (Name)

______________________________               ___________________________________
            (Date)                                        (Title)

<PAGE>

                                    EXHIBIT B
                                    ---------

                                FORM OF TRANSFER
                  (To be signed only upon transfer of Warrant)

         FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers
unto _______________________________________________ the right represented by
the attached Warrant to purchase ____________ shares of ________________________
of Smoky Market Foods, Inc. to which the attached Warrant relates, and appoints
______________ attorney to transfer such right on the books of __________, with
full power of substitution in the premises.

Dated: ____________________

                                    ____________________________________________
                                    (Signature must conform in all respects to
                                    name of Holder as specified on the face of
                                    the Warrant)

                                    Address:____________________________________

                                            ____________________________________

                                            ____________________________________

Signed in the presence of:

___________________________________

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