Document:

ASSET
      PURCHASE AGREEMENT

     

    THIS
      ASSET PURCHASE AGREEMENT (“Agreement”)
      is
      made this ____ day of July, 2005, by and between Clickableoil.com, Inc. (the
      “Buyer”)
      and
      Allamuchy Transport, Inc. (“Seller”).

    

    WITNESSETH:

    

    WHEREAS,
      Seller is engaged in the business of selling and delivering No. 2 fuel oil
      to
      retail customers and providing services to such customers’ heating systems
      ("Business");
      and

     

    WHEREAS,
      Buyer desires to purchase from Seller, and Seller desires to sell to Buyer,
      certain of Seller's assets used in the Business upon the terms and conditions
      hereinafter set forth. 

      

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

    

    1.           
       BASIC
      TRANSACTION.

    

    1.1. Purchase
      and Sale of Assets.
      Subject
      to the terms and conditions hereinafter set forth, Seller agrees to sell,
      assign, transfer and convey to Buyer, and Buyer agrees to purchase from Seller,
      on the Closing Date (as hereafter defined), all of the right, title and interest
      of Seller in the following assets related to the Business (collectively, the
      “Assets”)
      free
      and clear of any liabilities, obligations, adverse claims, security interests,
      liens and encumbrances except as explicitly permitted herein:

    

          (a)  
       Customer
      Contracts.
      Those
      outstanding delivery, sale and service agreements and purchase orders between
      Seller and its customers as described in and attached hereto as Schedule
      1.1(a),
      if any.
      Seller and Buyer shall execute an Assignment and Assumption Agreement for the
      Customer Contracts in substantially the same form and content as Exhibit
      1.1(a).

    

        (b)
       Customer
      Information.
      All
      customer lists and customer data, and sales and promotional material and other
      sales-related material relating to, or used in connection with the operation
      of,
      the Business, including, without limitation, contact information for all
      customers and pricing information (collectively, the “Customer
      Information”);

    

    (c) 
       Name. The
      exclusive right to use the name Allamuchy Oil or variations thereof in
      connection with the operation of the Business. Seller shall cease use of the
      name Allamuchy Oil, and shall not use any similar name except that it may use
      “Allamuchy Fuel” or “Allamuchy Transport” with respect to its diesel fuel
      business. Seller cancel all registered fictitious names containing the term
      Allamuchy Oil.

    

    (d) 
       Phone
      Number.
      All
      phone and fax numbers of Seller used in connection with the Business, including
      the number 866-645-6261. For a period of two years after Closing, Buyer shall
      refer to Seller, by giving the caller a new phone number supplied by Seller,
      all
      calls requesting diesel fuel sales or service received through one of Seller’s
      former phone numbers. After two years, Buyer may continue to refer such calls
      for diesel, and shall receive the fees specified in Section 5.5 of this
      Agreement for such referrals.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    1.2. No
      Assumption of Liabilities.
      Buyer
      is acquiring the Assets hereunder without any assumption of Seller's debts,
      obligations, liabilities, accounts payable, or commitments of Seller, whether
      accrued now or hereafter, whether fixed or contingent, or whether known or
      unknown, except as explicitly provided in this Section 1.2. Seller will deliver
      products and provide services under the Customer Contracts on or after the
      Closing Date pursuant to the terms and conditions of the Transport Agreement
      to
      be entered into between the parties at Closing. Notwithstanding the foregoing,
      Buyer will respond to all customer complaints without question as to the time
      period in which the complaint arose, provided that Buyer will not assume any
      liability due to defective service or delivery caused by Seller or spillage
      caused by Seller, and Buyer will not honor any commitments by Seller to provide
      service, repair or remedy, except at Buyer’s customary charges.

    

    1.3.
      Excluded
      Assets.
      Buyer
      is not acquiring any assets of Seller except for those described in this
      Agreement. Without limiting the generality of the foregoing sentence, Buyer
      is
      not acquiring the customer information, customer contracts, goodwill and other
      assets related solely to the Seller’s diesel fuel business. In addition, Seller
      may continue selling No. 2 fuel oil to the customers listed on Schedule 1.3
      hereof, provided such customers are on the date hereof also customers of
      Seller’s diesel oil business and Seller discontinues using the name Allamuchy
      Oil with such customers. 

    

    2.       
           PURCHASE
      PRICE.

    

    2.1. Price.
      The
      purchase price for the Assets shall be as follows (collectively, the "Purchase
      Price"): 

    

    (a) 
       Payment
      at Closing.
      Buyer
      shall pay Seller the amount of $156,000 (fixed price) by wire transfer or
      certified check on the Closing Date. The fixed price will be reduced by the
      purchase price of any No. 2 fuel oil prepaid to Seller but not delivered as
      of
      Closing. In addition, at Closing the fixed price will be reduced by the then
      outstanding amount of the credit previously provided to Seller by Buyer. On
      the
      date of this Agreement, such amount was approximately $24,000. The Buyer and
      Seller shall mutually agree upon the outstanding amount at Closing.

    

    (b)
       Deferred
      Payment.
      Buyer
      shall pay an amount equal to (i) $.30 multiplied by the number of gallons of
      fuel oil sold to Seller’s customers in the period beginning one day after the
      Closing Date and ending on the first anniversary of the Closing Date, less
      (ii)
      $156,000. This amount shall be paid within fifteen (15) days after the first
      anniversary of the Closing Date. Payment will be accompanied by a statement
      showing calculation of the payment certified by the Chief Financial Officer,
      or
      equivalent officer, of Buyer. No payment shall be made if the amount calculated
      in clause (i) does not exceed $156,000. In the event that any undisputed or
      otherwise definitively proven amount of the deferred purchase price in excess
      of
      $2,500 is not paid within ten (10) days after demand by Seller, Seller, upon
      30
      days’ notice to Buyer, in addition to any and all other remedies available at
      law or in equity, shall be entitled to use the name Allamuchy Oil and Buyer
      shall cease use of the name Allamuchy Oil. 

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

       (c) 
        Assumption
      and Performance.
      On the
      Closing Date, Buyer shall assume and accept assignment of the Customer Contracts
      listed on Schedule
      1.1(a)
      and
      shall use its commercially reasonable efforts to timely and diligently perform
      all of its duties and obligations thereunder arising after the Closing Date.
      The
      obligations and liabilities assumed by Buyer under customer contracts shall
      be
      subject to the provisions of Section 1.2.

        

       2.2.
       The
      Closing.
      Subject
      to fulfillment of the conditions set forth in Section 6 of this Agreement,
      the
      closing of the transaction contemplated herein ("Closing")
      shall
      be held at the offices of Buyer on July 18, 2005, or at such other place or
      such
      later date as the parties hereto may mutually establish ("Closing
      Date").

    

    2.3.
       Transactions
      at Closing.
      At the
      Closing, the following transactions shall occur, all of which shall be deemed
      to
      occur simultaneously:

    

    (a)   
      Seller
      shall deliver or cause to be delivered to Buyer, each in form reasonably
      satisfactory to Buyer and its counsel:

    

    
      	 	
              (i)

            	
              A
                bill of sale (“Bill
                of Sale”)
                conveying and transferring to Buyer the Assets, in the form attached
                hereto as Exhibit
                A;

            

    

    

    
      	 	
              (ii)
                

            	
              An
                Assignment and Assumption of Contracts in the form attached hereto
                as
                Exhibit
                B;

            

    

    

    
      	 	
              (iii)

            	
              A
                Certificate of Good Standing with respect to Seller from the state
                of
                Seller’s incorporation, and in not incorporated in New Jersey, a
                Certificate of Good Standing as a foreign corporation in New
                Jersey.;

            

    

    

    
      	 	
              (iv)

            	
              A
                copy of the resolutions of the directors of Seller authorizing the
                execution, delivery and performance of this Agreement and the transactions
                contemplated herein;

            

    

    

    
      	 	
              (v)
                

            	
              A
                copy of the consent of the sole shareholder of Seller authorizing
                the
                execution, delivery and performance of this Agreement and the transactions
                contemplated herein;

            

    

    

    
      	 	
              (vi)
                

            	
              Such
                other documents as may be reasonably requested by Buyer or Buyer’s
                attorney in order to complete the transactions contemplated by this
                Agreement; and 

            

    

     

     

    
      
        
        

      

      
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              (vi)

            	
              The
                Buyer’s standard Transport Agreement, on the terms referenced in Section
                5.4 of this Agreement.

            

    

     

    (b) 
       Buyer
      shall deliver or cause to be delivered to Seller each in form reasonably
      satisfactory to Seller and its counsel:

    

    
      	 	
              (i)

            	
              The
                portion or the Purchase Price payable at Closing, as set forth in
                Section
                2.1(a) of this Agreement; 

            

    

    

    
      	 	
              (ii)

            	
              A
                copy of the resolutions of the directors of Buyer authorizing the
                execution, delivery and performance of this Agreement and the transactions
                contemplated herein;

            

    

    

    
      	
            	(iv)	
              The
                Assignment and Assumption of
                Contracts;

            

    

    

    
      	 	
              (v)

            	
              Such
                other documents as may be reasonably requested by Seller or Seller’s
                attorney in order to complete the transactions contemplated by this
                Agreement; and

            

    

    

    
      	 	
              vi)

            	
              The
                Buyer’s standard Transport Agreement, on the terms referenced in Section
                5.4 of this Agreement.

            

    

     

    3.           
       REPRESENTATIONS
      AND WARRANTIES OF SELLER.
      To
      induce Buyer to enter into this Agreement and perform its obligations hereunder,
      Seller represents and warrants to Buyer as follows:

    

    3.1. Organization
      and Standing.
      Seller
      is a corporation duly organized, validly existing and in good standing under
      the
      laws of the State of New Jersey.

    

       3.2.
       Authorization
      of Transaction.
      Seller
      has full power and authority (including corporate power and authority) to
      execute and deliver this Agreement and to perform its obligations hereunder.
      The
      board of directors and shareholders of Seller have duly authorized the
      execution, delivery, and performance of this Agreement by Seller. This
      Agreement, constitutes a valid and legally binding obligation of Seller,
      enforceable in accordance with its terms.

    

    3.3. Title
      to Assets; Encumbrances.
      Seller
      has good and marketable title to each and all of the Assets, free and clear
      of
      any liabilities, obligations, adverse claims, security interests, liens and
      encumbrances (collectively, "Claims"),
      other
      than Claims set forth on Schedule 3.3 hereof. All of the Claims set forth on
      Schedule 3.3 shall be satisfied at Closing or the claimants shall provide
      releases or other written assurances reasonably acceptable to Buyer that neither
      the Buyer nor the Assets shall be subject to such claims, in a form and manner
      reasonably acceptable to Buyer. Seller will convey to Buyer at the Closing
      good
      and marketable title to all the Assets, free and clear of Claims of any third
      party. 

     

    
      
        
        

      

      
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    3.4. Customer
      Contracts.
      Seller
      has no written or oral agreement with any customer regarding the sale of No.
      2
      fuel oil or related service except as set forth on Schedule 3.4. Schedule 3.4
      also contains a schedule of any No. 2 fuel oil which has been paid for by a
      Customer but has not been delivered and will not be delivered before Closing.
      No
      Material Customers (defined in the next sentence) have notified Seller within
      the past 120 days of their intent to cease to do business with Seller. “Material
      Customers” means customers whose No. 2 fuel purchases since January 1, 2004
      represent 10% or more of Seller’ total No. 2 fuel sales during that period, as
      measured in gallons. 

    

    3.5. Brokers
      or Finders.
      Seller
      has not incurred any obligation or liability, contingent or otherwise, for
      brokerage or finders' fees or agents' commissions or other like payment in
      connection with this Agreement.

    

       3.6.
      No
      Material Adverse Changes.
      Except
      as disclosed by Seller to Buyer in writing, since September 30, 2004 as there
      has been no material adverse change in Seller’s financial condition or its
      seasonal fuel sales.

    

    3.7.
      Customer
      Relations.
      Seller
      has not in the past three months received materially more customer complaints
      regarding its No. 2 fuel oil business or related services, on a percentage
      of
      customers basis, than its average historical amount of customer complaints.
      

    

    3.8.
      Representations
      Regarding Sales.
      The
      written sales information provided by Seller to Buyer attached hereto as
      Schedule 3.8 is true and correct in all material respects. Since the date of
      the
      information provided on Schedule 3.8, there has been no material reduction
      in
      periodic sales by gallon in comparable periods.

    

    3.9.
      Taxes.
      Except
      as set forth on Schedule 3.9, Seller has paid all taxes which may be imposed
      on
      it related to its income, operations, existence, sales, assets, employees and
      otherwise which have become due before the date hereof, including without
      limitation all sales and other taxes collected from customers for the benefit
      of
      taxing authorities. Except as set forth on Schedule 3.9, Seller has properly
      withheld or collected and paid over to the appropriate authorities all taxes
      and
      other charges it is required to withhold or collect from customers or employees.
      As to taxes which are not yet due, Seller agrees to pay such taxes on or before
      the due date. Except as set forth on Schedule 3.9, Seller has timely and
      properly filed all tax returns of any type during the previous five years.
      All
      matters disclosed on Schedule 3.9 will be satisfied or remedied, or Buyer shall
      have been provided reasonably acceptable releases or other written assurances
      that neither Buyer nor the Assets will be subject to any such matters, on or
      before Closing.

    

    3.10.
       Legal
      Proceedings.
      Except
      as set forth on Schedule 3.10, there are no (and, during the five years
      preceding the date hereof, there have not been any) actions, suits, proceedings,
      orders or investigations pending or, to the knowledge of Seller, threatened
      against or affecting the Seller, the Assets or the Business at law or in equity,
      or before any arbitrator, or before or by any federal, state, municipal or
      other
      governmental department, commission, board, bureau, agency or instrumentality,
      domestic or foreign, and there is no reasonable basis known to Seller for any
      of
      the foregoing. Except as set forth on Schedule 3.10, Seller is not subject
      to or
      bound by any outstanding orders, judgments or decrees of any court or
      governmental entity with respect to the Business or Assets.

     

    
      
        
        

      

      
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    3.11.
       Environmental
      and Permit Matters.
      To the
      knowledge of Seller, Seller is in compliance in all material respects with
      all
      federal, state, and local statutes, ordinances, guides having the effect of
      law,
      rules and regulations, all court orders and decrees and arbitration awards,
      which pertain to environmental matters or contamination of any type whatsoever
      (“Environmental Laws”). A description of any outstanding notice, citation,
      inquiry or complaint which Seller has received of any alleged violation of
      any
      Environmental Law or permit relating to the Business or the Assets known to
      Seller has been provided to Buyer in writing. (As used in the preceding
      sentence, the term “outstanding” refers to any notice, citation, inquiry or
      complaint that pertains to a matter that has not been corrected or otherwise
      resolved.) Seller possesses all permits of any type which are currently required
      for the operation of the Business, and to Seller’s knowledge is in compliance in
      all material respects with the provisions of all such permits. Other than spill
      or leaks occurring in the ordinary course of business which have been resolved,
      there has been no generation, storage, disposal, treatment or transportation
      of
      any Hazardous Materials (as herein defined) by Seller, or to Seller’s knowledge
      on behalf of Seller in violation of, or which could give rise to any liability
      or obligation of Seller under, any Environmental Laws.

    

    4.           
       REPRESENTATIONS
      AND WARRANTIES OF BUYER.
      To
      induce Seller to enter into this Agreement and perform its obligations
      hereunder, Buyer represents and warrants to Seller as follows:

    

    4.1. Organization
      and Standing.
      Buyer
      is a corporation duly organized, validly existing and in good standing under
      the
      laws of the jurisdiction of its incorporation.

    

       4.2.
       Authorization
      of Transaction.
      Buyer
      has full power and authority (including corporate power and authority, if
      applicable) to execute and deliver this Agreement and to perform its`
      obligations hereunder. The board of directors has, to the extent required,
      duly
      authorized the execution, delivery, and performance of this Agreement by Buyer.
      This Agreement, constitutes a valid and legally binding obligation of Buyer
      and
      Seller, enforceable in accordance with its terms.

    

    4.5. Brokers
      or Finders.
      Buyer
      has not incurred any obligation or liability, contingent or otherwise, for
      brokerage or finders' fees or agents' commissions or other like payment in
      connection with this Agreement.

     

    5.          
        POST-CLOSING
      COVENANTS.

    

       5.1.
       Non-Competition. 

    

       (a) 
        For
      a
      period commencing on the Closing Date and concluding on the seventh anniversary
      of the Closing Date,("Post-Closing
      Period"),
      Seller and Chris Pillitteri agree that none of Seller nor Chris Pillitteri
      will,
      in the Territory (as defined below), (i) directly or indirectly engage in or
      have a financial interest in, as an owner, partner, member, stockholder,
      officer, director, manager, employee, agent, contractor, consultant or
      otherwise, or provide any services to, any Competing Business, (ii) solicit,
      divert or appropriate or attempt to solicit, divert or appropriate, directly
      or
      indirectly, for or on behalf of itself or any other person, any business
      relating to the Business from any person who is at the time of the solicitation,
      or has at any time within five (5) years prior to the date of such action been,
      a customer or supplier of the Business; or (iii) solicit or attempt to solicit
      for hire any person who is an employee of Buyer. “Competing
      Business”
means
      the retail sale of No. 2 fuel oil or any services related thereto. “Territory”
means
      the area within a 75 mile radius of the Seller’s primary office on the date of
      this Agreement. Notwithstanding the foregoing, Seller may continue to sell
      No. 2
      fuel oil to the customers listed on Schedule 1.3 hereto, under the conditions
      set forth in Section 1.3.

     

    
      
        
        

      

      
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    (b)
        If
      the
      final judgment of a court of competent jurisdiction declares that any term
      or
      provision of this Section is invalid or unenforceable, the parties agree that
      the court making the determination of invalidity or unenforceability shall
      have
      the power to reduce the scope, duration, or area, to delete specific words
      or
      phrases, or to replace any invalid or unenforceable term or provision with
      a
      term or provision that is valid and enforceable and that comes closest to
      expressing the intention of the invalid or unenforceable term or provision,
      and
      this Agreement shall be enforceable as so modified.

     

    5.2.
       Audit
      Rights.
      Seller
      shall have the right to examine the sales records of Buyer as the same relate
      to
      the calculation of the payment due under paragraph 2.1(b), in order to verify
      the number of gallons sold to Seller’s customers. If an audit reveals a
      deficiency in an amount paid to Seller, Buyer shall pay such deficiencies to
      Seller within ten (10) calendar days notice thereof (a “Notice”).
      If
      the aggregate deficiencies in payment found by such examination exceeds 3%
      of
      the reported sales in excess of 520,000 gallons, Buyer shall also pay to Seller
      the amount of the actual reasonable costs and expenses incurred by Seller
      (including, without limitation, the cost of independent accountants) in
      connection with such audit, not to exceed the amount of such deficiency.

       

       5.3.
       Confidentiality.
      During
      the Post-Closing Period, the Buyer and the Seller will maintain in confidence,
      and cause each of their directors, officers, employees, agents and advisors
      to
      maintain in confidence, and not disclose to any third party, or use for the
      benefit of itself or any third party, any written, oral or other information
      obtained in confidence from the other party to this Agreement in connection
      with
      this Agreement or the transactions contemplated hereby (the “Confidential
      Information”)
      (unless such information (i) was already known to such party prior to receiving
      it from the delivering party, or (ii) was or becomes part of the public
      knowledge or literature other than by breach of this Agreement, or (iii) was
      received from a source not bound by a duty of confidentiality to the delivering
      party, or (iv) is developed by the receiving party independently of any
      Confidential Information received by the receiving party from the delivering
      party, or (v) is necessary to enforce the rights of a party under this
      Agreement), unless the use of such Confidential Information is necessary or
      appropriate in making any filing or obtaining any consent or approval required
      for the consummation of this Agreement or the transactions contemplated hereby
      or unless the furnishing of such Confidential Information is required by law.
      After Closing, all customer information relating to the Business shall be the
      Confidential Information of Buyer.

     

    
      
        
        

      

      
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    5.4.
      Transport
      Agreement.
      Seller
      shall provide oil delivery services for sales of No. 2 fuel oil to its former
      customers and others on behalf of Buyer for a five year period following
      Closing, at the rate of $.12 per gallon for deliveries out of the Royal terminal
      in Netcong, NJ and $.15 per gallon for deliveries out of the Port of Newark
      terminal, and upon the terms and conditions contained in Buyer’s standard
      transport agreement to be executed at Closing. The transport agreement shall
      provide that Seller shall be entitled to collect a service fee from customers
      for deliveries of less than 150 gallons. The amount of the service fee shall
      be
      mutually agreed between Seller and Buyer. 

    

    5.5
       Referral
      Fees. 
      Buyer
      shall pay Seller referral fees for any new customers first referred by Seller
      to
      Buyer as follows: 

    

    (a)  
       For
      homeowner customers, Buyer will pay Seller $35 upon the customer’s execution of
      an oil delivery contract.

    

    (b) 
       For
      commercial customers who execute oil delivery contracts for a minimum of one
      year or 100,000 gallons, Buyer will pay Seller $.02 per gallon for all purchases
      by such customers, for so long as they remain customers of Buyer. Such referral
      fee shall be paid only after receiving payment from the customer. Referral
      fees
      under paragraphs (a) and (b) will be paid monthly, accompanied by a statement
      containing reasonable detail.

    

    A
      customer shall be considered a new customer for purposed of thus section 5.5
      only if the customer was not a customer of Seller at closing or at any time
      within 12 months prior to Closing, and was not a customer of Buyer at the time
      the referral was made or at any time within 12 months prior to Seller’s making
      the referral.

    

    Should
      Buyer refer new diesel customers to Seller after the second anniversary of
      Closing, as discussed in paragraph 1.1(d), above, Seller shall pay Buyer
      referral fees in the same amount and manner as specified above for referral
      fees
      paid to Seller by Buyer. 

    

    6.          
        CONDITIONS
      TO CLOSING. 

     

    6.1. Seller's
      Conditions of Closing.
      The
      obligations of Seller hereunder shall be subject to and conditioned upon the
      satisfaction at the Closing of each of the following conditions:

     

    (a) 
       All
      representations and warranties of Buyer contained in this Agreement and the
      Schedules hereto shall be true and correct in all material respects at and
      as of
      the Closing Date.

    

    (b) 
       Buyer
      shall have performed all agreements and covenants and satisfied all conditions
      on each of their part to be performed or satisfied by the Closing Date pursuant
      to the terms of this Agreement.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    (c)
       No
      action, proceeding, investigation, regulation or legislation shall have been
      instituted, threatened or proposed before any court, governmental agency or
      legislative body to enjoin, restrain, prohibit, or obtain substantial damages
      in
      respect of, or which is related to, or arises out of, this Agreement or the
      consummation of the transactions contemplated hereby, or which is related to
      or
      arises out of Buyer or Seller, if such action, proceeding, investigation,
      regulation or legislation would make it inadvisable to consummate such
      transactions.

     

       6.2.
       Buyer's
      Conditions of Closing.
      The
      obligations of Buyer hereunder shall be subject to and conditioned upon the
      satisfaction at the Closing of each of the following conditions:

     

    (a) 
       All
      representations and warranties of Seller contained in this Agreement and the
      Schedules hereto shall be true and correct in all material respects at and
      as of
      the Closing Date.

    

    (b)
        Seller
      shall have performed all agreements and covenants and satisfied all conditions
      on its part to be performed or satisfied by the Closing Date pursuant to the
      terms of this Agreement.

    

    (c)
        There
      shall have been no material adverse change in the condition (financial or
      otherwise) of the Seller since the execution of this Agreement.

    

    (e)
        No
      action, proceeding, investigation, regulation or legislation shall have been
      instituted, threatened or proposed before any court, governmental agency or
      legislative body to enjoin, restrain, prohibit, or obtain substantial damages
      in
      respect of, or which is related to, or arises out of, this Agreement or the
      consummation of the transactions contemplated hereby, or which is related to
      or
      arises out of Buyer or Seller, if such action, proceeding, investigation,
      regulation or legislation would make it inadvisable to consummate such
      transactions.

    

    6.3 Mutual
      Conditions to Closing.
      The
      obligations of each of Buyer and Seller hereunder shall be subject to and
      conditioned upon (i) Seller’s obtaining a release of the security interest on
      the Assets held by Skylands Community Bank prior to or simultaneous with the
      Closing, and (ii) Seller’s obtaining a release of the Assets and Buyer from all
      liens and other potential liability relating to Seller’s and Chris Pilliteri’s
      obligations to the State of New Jersey for taxes, or other arrangements shall
      have been made satisfactory to Buyer, in its sole discretion, with respect
      to
      the obligations to the taxing authorities. Seller shall use its best efforts
      to
      obtain the satisfaction of the conditions set forth in this Section 6.3,
      provided, however, that this shall not be construed to require Seller to pay
      any
      liability it disputes in good faith or to make aggregate payments in excess
      of
      the amount to be paid by Buyer at Closing.

    

    In
      the
      event the conditions set forth in this Section 6.3 are not satisfied on or
      before August 31, 2005, either party may terminate this agreement by written
      notice to the other, without liability for such termination; provided however,
      that such termination shall not relieve either party from liability for breach
      of any covenant, representation or warranty contained in this
      Agreement.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    7.           
       INDEMNIFICATION.

    

    7.1. Indemnification
      by Seller.
      From
      and after the date of this Agreement, Seller shall indemnify, defend and hold
      harmless Buyer and its agents, employees, representatives, attorneys,
      stockholders, officers, directors, successors and assigns (severally and
      collectively, the "Indemnified
      Buyer")
      against and from all liabilities, obligations, losses, damages, penalties,
      claims, actions, suits, judgments, settlements, out-of-pocket costs, expenses
      and disbursements (including reasonable costs of investigation, and reasonable
      attorneys, accountants, expert witnesses fees and other costs of defense),
      of
      whatsoever kind and nature, which the Indemnified Buyer shall incur or suffer
      as
      a result of (i) the inaccuracy of any representation or warranty of Seller,
      (ii)
      the breach of any covenant or agreement of Seller set forth herein or of Chris
      Pillitteri set forth in Section 5.1 hereof, or (iii) any liability of Seller
      and
      any liability relating to or arising from the operation of the Business or
      ownership of the Assets prior to the Closing Date except for liabilities
      explicitly assumed in this Agreement. Indemnified Buyer’s rights under this
      indemnity, and its reliance on the representations and warranties of the Seller,
      shall not be affected by any investigation or lack of investigation by the
      Buyer
      or knowledge of the Buyer prior to the Closing Date. 

     

    7.2. Indemnification
      by Buyer and Seller.
      From
      and after the date of this Agreement, Buyer shall indemnify, defend and hold
      harmless Seller and its agents, employees, representatives, attorneys,
      stockholders, officers, directors, successors and assigns (severally and
      collectively, the "Indemnified
      Seller")
      against and from all liabilities, obligations, losses, damages, penalties,
      claims, actions, suits, judgments, settlements, out-of-pocket costs, expenses
      and disbursements (including reasonable costs of investigation, and reasonable
      attorneys, accountants, expert witnesses fees and other costs of defense),
      of
      whatsoever kind and nature, which the Indemnified Seller shall incur or suffer
      as a result of (i) a material inaccuracy of any representation or warranty
      of
      Buyer, (ii) a material breach of any covenant or agreement set forth herein
      of
      Buyer, (iii) the operation of the Business of after the Closing Date.

    

    7.3. Survival;
      Limitations.
      The
      representations and warranties in this Agreement and the Schedules and Exhibits
      attached hereto or delivered in any writing delivered by any party to any of
      the
      other parties in connection with this Agreement shall survive the Closing.
      No
      claim may be brought for indemnification hereunder unless a notice of claim
      or
      potential claim is given by the party seeking indemnification as follows: (i)
      any claim for intentional misrepresentation or fraud may be brought at any
      on or
      before the second anniversary of the Closing date; (ii)any claim relating to
      a
      breach of representation, warranty or covenant relating to taxes may be made
      at
      any time prior to the expiration of the applicable limitations period for the
      taxing entity to bring any related claim; (iii) any claim for breach of a
      covenant which is to be performed after closing may be made at any time within
      one year after the breach occurs, and any claim with respect to the deferred
      payment discussed in section 2.1(b) may be made on or before the second
      anniversary of the Closing Date; and (iv) any other claim shall be made on
      or
      before the first anniversary of the Closing date. No claim for indemnity shall
      be made hereunder unless and until the Indemnified Seller or Indemnified Buyer,
      as the case may be, has incurred $15,000 of actual damages and related expenses,
      and then such claim may be made only for such amounts in excess of $15,000.
      The
      foregoing damage limitation shall not apply to the Deferred Payment defined
      in
      Section 2.1; Seller shall be entitled to bring a claim against Buyer for any
      deficiency in the Deferred Payment.

    

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    

    7.4. Notice
      of Claims and Potential Claims.
      Any
      claim for indemnity shall be made by written notice to a party ("Indemnifying
      Party")
      specifying in reasonable detail the amount and the basis of the claim. The
      Indemnified Seller or Buyer agree to give prompt written notice to the
      Indemnifying Party of the receipt by the Indemnified Seller or Buyer of notice
      of any claim by a third party against the Indemnified Seller or Buyer which
      might give rise to a claim against the Indemnifying Party stating the nature
      and
      basis of such claim and, if ascertainable, the amount thereof. In connection
      with any such third party claim, the Indemnifying Party may, at its election
      and
      expense, have the right to participate in the defense of such third party claim
      and no such third party claim shall be settled without the consent of the
      Indemnifying Party which consent shall not be unreasonably withheld or
      delayed.

     

    8.             MISCELLANEOUS.

    

    8.1. Right
      to Assign.
      Neither
      party may assign its rights and obligations under this Agreement without the
      written consent of the other party, except that Buyer may assign its rights
      and
      obligations to its parent company, an entity controlled by its parent company
      or
      any purchaser of all or substantially all of Buyer’s business, after the
      deferred payment described in Section 2.1 (b) has been paid in
      full.

    

    8.2. Notices.
      All
      notices, requests, demands, claims, and other communications hereunder shall
      be
      in writing. Any notice, request, demand, claim, or other communication hereunder
      shall be deemed duly given when received by the intended recipient and shall
      be
      sent by Federal Express, or by registered or certified mail, return receipt
      requested, postage prepaid, and addressed to the intended recipient as set
      forth
      below:

    

    If
      to the
      Seller:

    414
      Blackwell Street

    Dover,
      NJ
      07801

    Phone:
      

    Fax:
        

    

    With
      a
      copy to:

    Shapiro
      and Croland

    Attn:
      Stuart Reiser, Esq.

    411
      Hackensack Avenue

    Hackensack,
      New Jersey 07601

    Phone:
      (201)488-3900

    Fax:
      (201)488-9481 

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    If
      to the
      Buyer:

    Clickableoil.com,
      Inc.

    711
      South
      Columbus Avenue

    Mount
      Vernon, New York, 10550

    Phone:
      914-699-5190

    Fax:
      914-663-1233

     

    With
      a
      copy to:

    Eckert
      Seamans Cherin & Mellott, LLC

    Attn:
      Gary A. Miller, Esq..

    1515
      Market St., 9th
      Floor

    Philadelphia,
      PA 19102

    Phone:
      (215)851-8472

    Fax:
      (215)851-8383 

    

    8.3. Interpretation.
      In all
      references herein to any parties, persons, entities or corporations, the use
      of
      any particular gender, or the plural or singular number is intended to include
      the appropriate gender and number as the text of the within Agreement may
      require. The captions used herein are inserted for convenience of reference
      only
      and are not intended to be a part of or to affect the meaning or interpretation
      of this Agreement.

    

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

    

    8.5. Parties
      in Interest.
      This
      Agreement shall be binding upon and inure solely to the benefit of the parties
      hereto and their permitted successors and assigns.

    

    8.6. Risk
      of Loss.
      The
      risk of loss or damage to the Assets by fire or other casualty between the
      date
      hereof and the Closing Date shall be borne by Seller.

    

    8.7. Amendment.
      This
      Agreement may not be amended except by an instrument signed in writing on behalf
      of each of the parties hereto.

    

    8.8. Entire
      Agreement.
      This
      Agreement constitutes the entire agreement between the parties hereto and
      supersedes all other agreements, written and oral, among the parties or any
      of
      them with respect to the subject matter hereof.

    

    8.9 Counterparts.
      This
      Agreement may be executed in one or more facsimile counterparts all of which
      shall together constitute one and the same instrument.

    

    8.10. Further
      Assurances.
      In
      connection with the transaction contemplated under this Agreement, the parties
      agree to fully cooperate with each other in furtherance of the consummation
      of
      this Agreement, and to execute and deliver such further instruments or take
      such
      further actions as may be reasonably necessary and proper to effectuate and
      carry out the transaction contemplated hereunder.

    

    [signatures
      contained on following page]

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    

    Signature
      Page to Asset Purchase Agreement

    

    IN
      WITNESS WHEREOF, the parties hereto have executed this Asset Purchase Agreement
      as of the date first set forth above.

     

    
      	SELLER:	 	 	As to Section
              5.1:
	 	 	 	 
	Allamuchy Transport,
              Inc.	 	 	 
	 	 	 	 
	By:	
            	 	 	 
	Name:  
              	
              
Chris
              Pillitteri	 	 	
              

              Chris
                Pillitteri, Individually

            
	Title:  	 	 	 

    

    

      	 	 	 
	 	BUYER
              
	 	 
	 	Clickable Oil.com,
              Inc.
	 	 
	 	By:  	 
	 	
              
                
Guy
                Pipolo

            

    

           

          

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

          

    EXHIBIT
      A

     

    BILL
      OF SALE

    

    THIS
      WARRANTY BILL OF SALE (the "Bill of Sale") is made as of _______________ 2005,
      by Allamuchy
      Transport, Inc.
      (
      "Transferor"),
      pursuant to the terms of the Asset Purchase Agreement (the "Agreement") dated
      February ________, 2005 by and between Transferor and Clickableoil.com,
      Inc. (“Transferee”)
      All
      capitalized terms not otherwise defined herein shall have the respective
      meanings ascribed thereto in the Agreement. 

    

    FOR
      CONSIDERATION duly paid to Transferor, the receipt of which is hereby
      acknowledged, intending to be legally bound, Transferor hereby sells, transfers,
      assigns and delivers to Transferee the Assets identified in Exhibit
      A-1
      hereto.

    

    TO
      HAVE
      AND TO HOLD the same unto Transferee, its successors and assigns, forever.
      

    

    Transferor,
      for itself, it successors and assigns hereby warrants, and will forever defend,
      the present good and clear title to the Assets, free and clear of all security
      interests, liens, claims or other encumbrances.

    

    Transferor
      hereby constitutes Transferee and its successors and assigns as Transferor's
      true and lawful attorney-in-fact, with full power of substitution, in the name
      of Transferor but for the benefit of Transferee (a) to institute and prosecute
      all proceedings which Transferee may deem proper in order to collect, assert
      or
      enforce any claim, right or title of any kind in and to the Assets, to defend
      or
      compromise any and all actions, suits or proceedings in respect of any of the
      Assets, and to do all such acts and things in relation thereto as Transferee
      shall deem advisable; and (b) to take all actions which Transferee may deem
      proper in order to provide for Transferee the benefit under any and all claims,
      agreements, permits, contracts, licenses, leases, commitments, sales orders
      or
      purchase orders which are included among the Assets where any required consent
      of another party to the assignment thereof to Transferee has not yet been
      obtained. Transferor acknowledge that the foregoing powers are coupled with
      an
      interest and shall be irrevocable by Transferor for any reason whatsoever.
      

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

     

    Transferor
      represent and warrant to Transferee that Transferor have the right, power,
      legal
      capacity and authority to execute and deliver this Bill of Sale and to transfer
      the Assets pursuant hereto. 

     

    IN
      WITNESS WHEREOF, the undersigned as duly executed and delivered this Bill of
      Sale, effective as of __________________________, 2005.

     

    
      	 	 	 
	 	TRANSFEROR:
	 	 
	 	Allamuchy Transport,
              Inc.
	 	 
	 	By:  	 
	 	
              
Name:
              Chris Pillitteri,
              President

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

     

    STATE
      OF
      :  

    :
      ss

    COUNTY
      OF
:

    

    On
      this,
      the ______ day of ______________, 2005, before me, a Notary Public in and for
      the State and County aforesaid, the undersigned officer, personally appeared
      Chris Pillitteri, who acknowledged himself to be the President of Allamuchy
      Transport, Inc., a corporation (the “Corporation”), and that he as such
      President, being authorized to do so, executed the foregoing instrument for
      the
      purposes therein contained by signing the name of the Corporation by himself
      as
      a duly authorized officer.

     

    IN
      WITNESS WHEREOF, I hereunto set my hand and official seal.

     

    
      	 	 	 
	 	  	 
	 	
              
Notary
              Public
	 	 
	 	My Commission Expires:

    

    

    

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      A-1

     

    TO
      BILL OF SALE

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    AMENDMENT
      NO. 1 

    TO

    ASSET
      PURCHASE AGREEMENT

     

    THIS
      AMENDMENT NO. 1 TO Asset Purchase Agreement (“this Amendment”)
      is
      made this ____ day of October 2005, by and between Clickableoil.com, Inc. (the
      “Buyer”)
      and
      Allamuchy Transport, Inc. (“Seller”)
      This
      Amendment relates to an Asset Purchase Agreement between the parties dated
      as of
      July 15, 2005 (the “Purchase Agreement”). Capitalized terms used but not defined
      herein shall have the meanings given in the Purchase Agreement. 

    

    In
      consideration of the mutual promises contained herein and other good and
      valuable consideration, the receipt and sufficiency of which is hereby
      acknowledged, and intending to be legally bound hereby, the parties agree to
      the
      following modifications and amendments to the Purchase Agreement: 

     

    I.
      Section 1.1(a) of the Purchase Agreement is hereby amended to provide in its
      entirety as follows

    

    (a) Customer
      Contracts.
      Those
      outstanding delivery, sale and service agreements and purchase orders between
      Seller and its customers as described in and attached hereto as Schedule
      1.1(a),
      if any.
      Buyer shall assume and perform the Customer Contracts as specified in sections
      2.1(c) and 1.2. At Closing, Seller and Buyer will execute a form of letter
      proposed by Buyer and reasonable acceptable to Seller introducing Buyer to
      the
      customers.

     

    II.
      Section 2 of the Purchase Agreement is hereby amended to provide in its entirety
      as follows:

    

    2.             PURCHASE
      PRICE.

    

    2.1. Price.
      The
      purchase price for the Assets shall be as follows (collectively, the "Purchase
      Price"): 

    

    (a)
       Payment
      at Closing.
      Buyer
      shall pay the amount of $124,942.87 (“Fixed Price”) on the Closing Date. The
      Fixed Price will be paid as follows: (i) $100,000 shall be paid to the New
      Jersey Division of Taxation on account of Seller’s obligations for New Jersey
      taxes and (ii) $24,942.87 will be paid directly to Skylands Community Bank
      for
      Seller’s account, to repay all obligations of Seller to such bank. 

    

    (b)
       Deferred
      Payment.
      Buyer
      shall pay an amount equal to (i) $.30 multiplied by the number of gallons of
      fuel oil sold to Seller’s customers in the period beginning one day after the
      Closing Date and ending on the first anniversary of the Closing Date, less
      (ii)
      the Fixed Price (the “Deferred Payment”). The Deferred Payment shall be paid
      within fifteen (15) days after the first anniversary of the Closing Date. The
      Deferred Payment will be paid first to the New Jersey Division of Taxation
      on
      account of Seller’s obligations for New Jersey taxes which remain as of the
      first anniversary of the Closing Date. If the Deferred Payment exceeds the
      amount owed for New Jersey taxes, any excess will be paid to Seller. At the
      time
      of payment of the Deferred Payment, Buyer will provide Seller a statement
      showing calculation of the payment certified by the Chief Financial Officer,
      or
      equivalent officer, of Buyer. No payment shall be made if the amount calculated
      in clause (i) does not exceed the Fixed Price. In the event that any undisputed
      or otherwise definitively proven amount of the deferred purchase price in excess
      of $2,500 is not paid as set forth above within ten (10) days after demand
      by
      Seller, Seller, upon 30 days’ notice to Buyer, in addition to any and all other
      remedies available at law or in equity, shall be entitled to use the name
      Allamuchy Oil and Buyer shall cease use of the name Allamuchy Oil. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

         
       (c)  Assumption
      and Performance.
      On the
      Closing Date, Buyer shall assume and accept assignment of the Customer Contracts
      listed on Schedule
      1.1(a)
      and
      shall use its commercially reasonable efforts to timely and diligently perform
      all of its duties and obligations thereunder arising after the Closing Date;
      provided that Buyer will not assume, accept assignment of or perform any
      contract to the extent customers have prepaid Seller for product. The
      obligations and liabilities assumed by Buyer under customer contracts shall
      be
      subject to the provisions of Section 1.2.

     

    III. Section
      5.4 of the Purchase Agreement is herby amended to provide in its entirety as
      follows: 

     

    5.4.
       Transport
      Agreement and Continuing Responsibilities of Seller. 

    

    (a)
       Seller
      shall provide oil delivery services for sales of No. 2 fuel oil to its former
      customers and others on behalf of Buyer for a five year period following
      Closing, at the rate of $.12 per gallon for deliveries out of the Royal terminal
      in Netcong, NJ or any other location designated by Buyer which is within 5
      miles
      of Seller’s current location in Dover, NJ, and $.15 per gallon for deliveries
      out of the Port of Newark terminal, and upon the terms and conditions contained
      in Buyer’s standard transport agreement to be executed at Closing. The transport
      agreement shall provide that Seller shall be entitled to collect a service
      fee
      from customers for deliveries of less than 150 gallons. The amount of the
      service fee shall be mutually agreed between Seller and Buyer. 

    

    (b) Prior
      to
      the date hereof, Buyer provided a total of 16,153 gallons of No. 2 fuel oil
      to
      Seller on credit. Subsequently and separately, Seller delivered 10.958.2 gallons
      to customers of Buyer, for Buyer’s account. The first 5,194.8 gallons of No. 2
      fuel oil delivered by Seller for Buyer’s account pursuant to paragraph 5.4(a)
      shall be purchased and paid for by Seller. Once Seller has delivered 5,194.8
      gallons paid for by Seller but delivered and sold for Buyer’s account, Seller
      shall have no further obligations to Buyer for the 5,194.8 gallons. If Seller
      does not deliver 5,194.8 gallons
      which it has paid for on or before October 31, 2005, at Buyer’s option Seller
      shall be obligated to pay in cash an amount equal to Buyer’s then current cost
      of 5,194.8 gallons less the number of gallons actually delivered by Seller.
       

    
       

      (c)  Exhibit
        8(a)
        hereto
        contains a full and complete list of all product for which customers have
        prepaid Seller which have not been delivered prior to the Closing. Seller
        shall
        purchase, pay for and deliver all product under all prepaid agreements and
        arrangements of Seller, whether or not listed on Exhibit
        8(a). Buyer
        does not assume any responsibility or liability to deliver product to customers
        with whom Seller has any pre-paid agreement or arrangement. If Seller does
        not
        purchase, pay for and deliver any product to customers under pre-paid
        arrangements, Buyer, at Buyer’s sole option, may purchase and cause such product
        to be delivered to the customers, and in such event Seller shall immediately
        reimburse Buyer for the purchase price and all reasonably related costs.
        Seller
        represents it does not have any fixed price agreements other than pre-paid
        agreements. The provisions of section 5.1 of this Agreement shall not apply
        to
        Seller’s delivery of oil pursuant to the pre-paid accounts, but shall otherwise
        apply to those customers. 

       

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    

    

    At
      Closing, Seller shall execute a form of letter prepared by Buyer, reasonably
      acceptable to Seller, addressed to the customers under pre-paid arrangements,
      explaining that while Seller has sold the bulk of its business, it has retained
      its prepaid accounts, and that Seller and not Buyer will be responsible for
      honoring the prepaid contracts. 

     

    IV. Section
      6.3 of the Purchase Agreement is herby amended to provide in it entirety as
      follows: 

    

    6.3 
       Other
      Conditions to Closing.
      The of
      Buyer hereunder shall also be subject to and conditioned upon Seller’s obtaining
      a payoff statement or similar instrument from Skylands Bank.

    

    V. A
      new Section 8 is hereby added to the Purchase Agreement, to provide as
      follows:

    

    8.           
       CUSTOMER
      PREPAYMENTS AND ACCOUNTS RECEIVABLE.

    

    The
      parties agree that Buyer will be collecting all payments and accounts receivable
      from Seller’s former No. 2 oil customers from the Closing date forward. Funds
      which will be collected include the accounts receivable of Seller which are
      not
      being sold to Buyer under this Agreement in addition to payments owing to Buyer.
      For this purpose, Buyer will set up an accounts receivable ledger on its books.
      As Seller’s former customers make payments, the funds will be applied: first to
      reimburse Buyer for any amounts owed under Sections 5.4(b) or 5.4(c), next
      to
      Seller’s outstanding accounts receivable, and thereafter, once Seller’s
      receivable from a customer has been fully paid, the remaining sums from such
      customer shall be paid to Buyer. Each month, until Seller shall have been paid
      all funds payable to it under this paragraph, a detailed list of funds received
      from Buyer’s former customers will be provided to the Seller and all monies
      payable to Seller will be paid at such time. These accountings and payments
      will
      be made on the tenth
      day
      of each month, beginning November 10, 2005, with respect to the funds received
      in the previous month. 

     

    All
      other terms and conditions of the Purchase Agreement remain unchanged and in
      force.

    

    [signatures
      contained on following page]

    

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    Signature
      Page to Amendment

    

    IN
      WITNESS WHEREOF, the parties hereto have executed this Amendment as of the
      date
      first set forth above.

     

    
      
        	SELLER:	 	 	Acknowledged:
	 	 	 	 
	Allamuchy Transport,
                Inc.	 	 	 
	 	 	 	 
	By:	
              	 	 	 
	Name:  
                	
                
Chris
                Pillitteri	 	 	
                

                Chris
                  Pillitteri, Individually

              
	Title: 	 	 	 

      

    

             

    
      	 	 	 
	 	BUYER
              
	 	 
	 	Clickable Oil.com,
              Inc.
	 
 	 
 	 
 
	 	By:  	 
	 	
              
                
Guy
                Pipolo

            

    

     

        

    
      
        
        

      

      
        4SYSTRAN FINANCIAL SERVICES CORPORATION RECEIVABLES PURCHASE AGREEMENT

This  Receivables  Purchase  Agreement dated June 23, 2006 (the  "Agreement") is
between SYSTRAN Financial Services Corporation  ("SYSTRAN") and its successor or
assigns and Galaxy Nutritional Foods, Inc. (the "Customer"), whose addresses are
set  forth  on  the  last  page  hereof.  This  Agreement  is an  amendment  and
restatement  of the  terms and  conditions  of the Loan and  Security  Agreement
between Textron Financial Corporation,  as Lender, and Galaxy Nutritional Foods,
Inc.,  as  Borrower,  dated as of May 27,  2003  (including  any  amendments  or
supplements thereto, the "Original Agreement") and transaction documents related
thereto  (the  "Transaction  Documents").  The  execution  and  delivery of this
Agreement  and  any   additional   transaction   documents   shall  not  in  any
circumstances be deemed to have terminated, released, extinguished or discharged
the  Obligation  of any  Borrower,  the  Obligations  of any  guarantor,  or the
Collateral  therefore,  all of which  Obligations and Collateral  shall continue
under and be governed by this Agreement and the  transaction  documents  related
hereto. To the extent of any inconsistencies,  the terms of this Agreement shall
control. This Agreement is not intended to be nor shall it constitute a novation
or accord and satisfaction of the Original Agreement or Transaction Documents or
of the obligations secured thereby. Customer hereby restates, ratifies, confirms
and approves the Original  Agreement and Transaction  Documents,  as amended and
restated  herein,  and Customer  agrees that the  Transaction  Documents,  as so
amended and restated,  constitute the valid and binding obligation and agreement
of Customer enforceable by Lender in accordance with their respective terms. All
terms used in this  Agreement and defined in the Uniform  Commercial  Code as in
effect from time to time in Oregon (the "UCC") and not otherwise  defined herein
will  have the  meanings  assigned  to such  terms in the UCC.  References  to a
"person" in this Agreement are not limited to individuals,  but also include any
corporation,  partnership, limited liability company, trust or any other entity.
References  to  "including"  in this  Agreement  will mean  "including,  but not
limited to" and "including, without limitation".

1.    DEFINITIONS

      All  capitalized  terms used and not defined in this Agreement  shall have
      the meaning in the Uniform  Commercial Code as in effect from time to time
      in Oregon  (the  "UCC").  The  following  terms  shall have the  following
      meaning.

      (a)   "Bill(s)" means any right to payment for services  rendered or goods
            sold by Customer to a Debtor  evidenced by a writing which  complies
            with the general  requirements  of SYSTRAN as those may be set forth
            in the Customer Information Manual, as described in Paragraph 2.5.

      (b)   "Chargeback"  the  debit of the  uncollected  amount  of a Bill or a
            "Special Purchase Bill(s)" to a Customer's account.

      (c)   "Commencement  Date" means the date that the Customer first receives
            funds from SYSTRAN pursuant to the terms of the Agreement.

      (d)   "Commercial Account" means any non "Transportation Account".

      (e)   "Debtor" means a person or entity obligated to pay a Bill.

      (f)   "Maximum  Approved  Credit  Line" means the amount of credit that is
            approved for  Customer by SYSTRAN  inclusive of deposit and advances
            against  purchases of Bills that Customer's  total account is not to
            exceed.  The Maximum  Approved  Credit Line is  $3,500,000,  or such
            lesser or greater  amount as shall be agreed  upon from time to time
            in writing by Customer and SYSTRAN.

      (g)   "Maximum Debtor Credit Limit" means the maximum  outstanding  dollar
            amount and/or  percentage  concentration of Customer's  unpaid Bills
            open  with  SYSTRAN  owing  by  an  individual   Debtor  and/or  its
            affiliates at any given time under the term of the Agreement.

      (h)   [Intentionally deleted.]

      (i)   "Obligation"  means all  indebtedness,  liabilities  and obligations
            whatsoever  and of whatever  nature owed by Customer to SYSTRAN,  or
            any of its  affiliates,  whether  direct or  indirect,  absolute  or
            contingent,  due or to become due, now existing or hereafter arising
            and how ever  evidenced  or  acquired,  whether  joint or several or
            joint and several.

      (j)   "Recourse"  means the right to  Chargeback  a  Bill(s)  or  "Special
            Purchase Bill(s)" to Customer.

      (k)   "Special   Purchase  Bill(s)"  means  the  purchase  by  SYSTRAN  of
            Customer's  outstanding  and  unpaid  Bills  that have  either  been
            previously  billed by  Customer,  financed by a lender,  or sold and
            assigned to another company who buys Bills.  Special  Purchase Bills
            shall be subject to all provisions of this Agreement.

      (l)   "Transportation  Account" means any Debtor doing business  primarily
            with any  aspect  of the  transportation  industry  such as  freight
            carriers, brokers, forwarders,  consolidators,  and rail agents with
            the exception of steamship companies.

2.    PURCHASE OF BILLS

      2.1 SYSTRAN, at its sole discretion,  may purchase such Bills. Bill(s) and
or Special  Purchase  Bill(s) shall herein  collectively  be referred to as "The
Bill(s)".  Customer shall submit to SYSTRAN an original and one (1) copy,  along
with any document  which  SYSTRAN deems  necessary,  of each Bill which shall be
attached to a schedule form provided by SYSTRAN.  Should any Debtor  require any
additional  documentation  as a  prerequisite  to  payment,  Customer  will also
provide  such  documentation  with  each  Bill.  For a  Transportation  Account,
Customer  shall also submit one (1) copy of the respective  bill of lading.  The
bill of lading must be signed by the Customer, the shipper, and the consignee if
the consignee's signature is necessary for payment.

      2.2 SYSTRAN will settle with the Customer by providing to Customer by U.S.
Mail, electronic mail, or via facsimile a settlement statement setting forth The
Bill(s)  and/or  Special  Purchase  Bills  purchased,  the amount paid,  and any
deductions made for fees, charges or the "Deposit" and deposit funds as follows:
|_| Deliver  overnight  funds due Customer via Federal  Express next day service
air.  |X| Wire  transfer  funds due  Customer  into bank  account  specified  by
Customer on wire authorization form. |_| ACH funds due Customer.

      2.3 Any  payment to  Customer  may be reduced by SYSTRAN by any amount due
from  Customer to SYSTRAN,  including but not limited to  Chargebacks,  fees and
costs.

      2.4 Customer shall direct all Debtors to remit Bill payments to an address
designated by SYSTRAN. As of the date of this Agreement,  the address designated
by SYSTRAN is the address set forth in the Addendum  attached  hereto,  provided
that SYSTRAN may change such designated  address upon giving notice to Customer.
Subject to the terms of the Addendum attached hereto, SYSTRAN may give notice to
the Debtors of the  assignment of The Bill(s) by placing a legend on The Bill(s)
stating  The Bill(s)  have been sold and  assigned to SYSTRAN and are payable to
SYSTRAN at an address designated by SYSTRAN. Customer will not attempt to direct
payment to any place  other than to the  SYSTRAN  designated  address.  Customer
agrees to pay all costs and expenses  incurred by SYSTRAN in giving such notice.
All proceeds of The Bill(s) received by Customer shall be delivered  immediately
to SYSTRAN in the identical form of payment  received by Customer.  In the event
that Customer  collects  directly  from the Debtor,  The Bill(s) which have been
sold to SYSTRAN  and  Customer  does not  deliver  immediately  to  SYSTRAN  the
identical  form of payment  received by  Customer,  Customer  will be charged an
administrative  fee equal to  fifteen  percent  (15%) of the face  amount of The
Bill(s) collected  directly.  Customer agrees that any collection  directly from
the Debtor by Customer of The  Bill(s)  which have been sold to SYSTRAN  will be
considered a default under the terms of this Agreement.

      2.5 SYSTRAN has or will provide to Customer a Customer Information Manual,
which is a guide to policy and  procedures  concerning  daily  submission of The
Bill(s),  collection efforts, and other matters. The Customer Information Manual
(the  "Manual") is not part of this  Agreement.  The procedures set forth in the
Manual  are only  guidelines  to ensure the  efficient  operation  of  SYSTRAN's
purchase of The Bill(s).  SYSTRAN may change any  procedure in the Manual at any
time, and may choose not to follow procedures in the Manual at its discretion.

3.    FEE(S)

      3.1 SERVICE FEE(S).  Customer shall pay a fee of the face amount on all of
The Bill(s)  purchased by SYSTRAN as reflected on Exhibit A attached hereto (the
"Service Fee(s)").  The Service Fee(s) shall be payable upon the purchase of any
of The Bill (s) by SYSTRAN,  and SYSTRAN may collect  Service Fee(s) either from
payments  owed to Customer or may bill the Customer  periodically.  SYSTRAN may,
upon prior notice to Customer, change any fee and such change shall be effective
upon  receipt of the notice to Customer;  provided,  that SYSTRAN may change the
amount of any fee caused by a change in SYSTRAN's  cost of funds  without  prior
notice to Customer,  but must notify  Customer of such change on Customer's next
settlement  statement.  A fee  change  due to a change in cost of funds  will be
effective  upon the date of the change  which will be  reflected  on  Customer's
settlement statement.  If, at any time during the term of this Agreement,  there
is an event of default by Customer including,  but not limited to, a Federal Tax
Lien filed against and  attaching to the property of Customer,  and the tax lien
is satisfied to allow  continued  funding  pursuant to this  Agreement,  SYSTRAN
shall increase all of Customer's  Service Fee(s) by no less than one-half of one
percent (0.5%) discount fee on the face of The Bill(s).

PAGE 1 - RECEIVABLES PURCHASE AGREEMENT
<PAGE>

      3.2 MONTHLY  SERVICE FEE.  SYSTRAN  shall charge and Customer  shall pay a
monthly service fee (the "Monthly  Service Fee"), to be charged on the first day
of funding to Customer by SYSTRAN and on the first day of each calendar month of
the  Agreement  thereafter  for the  remaining  months of the term.  The Monthly
Service Fee shall be  assessed  in  addition  to the  Service  Fees and shall be
$1,500.00.  For purposes of accruing the Monthly  Service Fee, any partial month
shall constitute a full month.

      3.3 ADDITIONAL  SERVICES and VALUE FEES. From time to time during the term
of this Agreement,  Customer may request SYSTRAN to provide additional  services
and/or incur  additional risk. Such additional  services and/or  additional risk
shall  include but not be limited to advances to the  Customer by SYSTRAN  which
are not in conformity  with the terms of the Agreement,  extension of Customer's
contractual  recourse under the  Agreement,  purchases by SYSTRAN of bills which
are  outside  of  the  formulas  and  calculations   defined  in  the  Agreement
(hereinafter such services shall be collectively  referred to as the "Additional
Services").  Customer  shall  pay  SYSTRAN  the cost for  added  value  for such
Additional Services (hereinafter referred to as the "Value Fee (s)"). The Values
Fee(s) will be reflected on Customer's daily settlement statement.

4.    DEPOSIT

      4.1 In order to secure Customer's  Obligations  hereunder,  Customer shall
deliver to SYSTRAN a deposit  equal to  twenty-two  percent  (22%) of Customer's
Bills  that are  ninety  (90) days old or less  computed  from date of  purchase
("Deposit");  provided, however, if Customer's actual dilution rate with respect
to The  Bills is 10% or below  for the two  months  ending  July 31,  2006,  and
Customer has not breached any term or condition of the Agreement, SYSTRAN in its
sole  discretion  may  decrease  the  Deposit  to twenty  percent  (20%) of such
Customer's Bills. In addition to the Deposit  referenced  above,  Customer shall
deliver  to  and  SYSTRAN  shall  at all  times  maintain  a  deposit  equal  to
$100,000.00  which  SYSTRAN may  increase  or  decrease at its sole  discretion.
Amounts held by SYSTRAN in excess of the  deposits  provided for herein shall be
repaid promptly to Customer.

      4.2  ADJUSTMENT  OF  DEPOSIT.  The amount of  Customer's  Deposit  will be
reviewed  and,  if  necessary,  adjusted  each day.  Increases  in the amount of
Customer's  Deposit  will be withheld by SYSTRAN from  payments to Customer.  If
sufficient  Bills are not purchased to fund the increase,  Customer will pay the
amount  of the  increase  upon  demand.  Decreases  will be repaid  promptly  to
Customer from Customer's Deposit amount.

      4.3 REPAYMENT OF DEPOSIT.  Upon termination of the Agreement,  (a) SYSTRAN
may increase the Deposit percentage to 100%, in its sole discretion, and (b) all
other sums that may become due to  Customer  by SYSTRAN  will be included in the
Deposit.  Any  shortfall in the Deposit  shall bear interest at the rate of four
percent (4%) per month.

5.    SECURITY INTEREST

      5.1 The  purchase  of The  Bill(s) of  Customer  by  SYSTRAN is  absolute,
subject to the right to  Chargeback.  In no event  shall the  purchase  of Bills
hereunder be construed as a loan.  In addition to the outright  ownership of The
Bill(s)  purchased  by  SYSTRAN,  to  secure  the  payment  and  performance  of
Customer's  Obligations to SYSTRAN,  Customer grants SYSTRAN a security interest
in, and lien on, any and all now owned or hereafter  acquired or created  assets
of Customer,  including  without  limitation all  Customer's  present and future
Bill(s) and Special Purchase  Bill(s),  Accounts,  Inventory,  Deposit Accounts,
Chattel Paper, General Intangibles,  Goods, Equipment,  Instruments,  Investment
Property,  Documents,  Letter-of-Credit-Rights,  Commercial Tort Claims,  money,
real estate and fixtures, and the Proceeds of the foregoing,  including Proceeds
in the form of Inventory and/or Goods, whether tangible or intangible,  wherever
located  together  with any and all cash and Noncash  Proceeds  and products and
Accessions of the forgoing (the "Collateral").

      5.2 FINANCING STATEMENTS. Customer shall not execute or file any financing
statement,  supplements  or  amendments  thereto,  or any other  instruments  or
security  agreement  covering the Collateral  described above in favor of anyone
other than SYSTRAN.  Customer shall execute and deliver to SYSTRAN any financing
statements,  title  documents,  supplements  hereunder  or the  priority of such
security  interest.  CUSTOMER  AUTHORIZES  SYSTRAN  TO SIGN ITS NAME TO ANY SUCH
FINANCING  STATEMENT AND FILE SAME IN CUSTOMER'S  NAME COVERING THE  COLLATERAL.
Customer  shall pay all costs of filing  such  statements  or  instruments  with
appropriate  governmental  authorities  together  with  the  costs  of all  lien
searches. Customer agrees that either a carbon, photocopy, or other reproduction
of this Agreement is sufficient as a financing statement under this Agreement.

      5.3 SYSTRAN may, in its sole  discretion,  elect to discharge any security
interest,  lien or  other  encumbrance  upon  any of The  Bill(s)  for  services
rendered or goods sold purchased by SYSTRAN.  Any such payments and all expenses
incurred   in   connection   therewith   shall  be  treated  as  a   Chargeback.
Notwithstanding the foregoing, SYSTRAN shall have no obligation to discharge any
such security interest, lien or encumbrance.

6.    RECOURSE, DISPUTES AND CHARGEBACKS

      6.1 All of The  Bill(s)  are  purchased  by  SYSTRAN  from  Customer  with
Recourse.  All of The Bill(s) may be  Chargedback  to Customer at any time after
ninety (90) days for a Commercial  Account and steamship  companies,  and ninety
(90) days for  Transportation  Account(s) after the purchase date of The Bill(s)
if not  collected  from Debtor  within  such  period or at any time,  if SYSTRAN
determines, in its sole discretion, that The Bill(s) is not collectible.  All of
The Bill(s)  owing by Canadian  Debtors or  logistics  companies  are subject to
Chargeback  ninety (90) days from the date of  purchase by SYSTRAN.  All Special
Purchase  Bills  are  subject  to  Chargeback  sixty  (60) days from the date of
purchase by SYSTRAN.  SYSTRAN shall not deem a disputed Bill or Special Purchase
Bill  uncollectable  without  allowing  Customer a reasonable time to settle the
dispute not to exceed  fourteen  (14) days from notice of dispute.  It is within
SYSTRAN's  discretion  as to when The  Bill(s)  over  such time  periods  may be
Chargedback to Customer.

      6.2  SYSTRAN  reserves  the right,  however,  from time to time and at its
absolute  discretion,  to Chargeback to Customer any of The Bill(s) which do not
conform to the  representations and warranties set forth in the Agreement or are
discovered  not to conform with the reasonable  standards  which SYSTRAN may set
for The Bill(s).  SYSTRAN shall have a continuing  security  interest in any and
all of The Bill(s) which are  Chargedback to the Customer.  Customer may collect
Chargeback Bills unless otherwise notified by SYSTRAN to the contrary.

      6.3 COLLECTION OF BILLS. SYSTRAN may, but is not required to, commence any
action, including legal action, to collect The Bill(s). All costs of collection,
including reasonable attorney fees, court fees, and costs of investigation, will
be charged to the Customer.  Prior to any event of default by a Debtor,  SYSTRAN
will commence  litigation only with Customer's  authorization.  Subsequent to an
event of default, SYSTRAN may file suit as it deems necessary without Customer's
authorization.  In the event of default, Customer hereby grants authorization to
SYSTRAN to settle or compromise any freight bill dispute,  including litigation,
with any uncollected amount being subject to Chargeback, together with all other
amounts for which Customer is obligated to SYSTRAN.

6.4  CLEARANCE  DAYS.  Clearance  Days shall mean (i) one (1) business  days for
checks drawn on banks located  within the United  States and for all  electronic
funds transfers,  and (ii) one (1) business days for all other payments. For all
purposes and computations under this Agreement,  Clearance Days will be based on
Prime and added to the date on which any payment is received by SYSTRAN.

PAGE 2 - RECEIVABLES PURCHASE AGREEMENT
<PAGE>

7.    WARRANTIES AND REPRESENTATIONS

      7.1 Customer  warrants and  represents  with respect to all of The Bill(s)
sold to SYSTRAN that (a) The Bill(s) are genuine and in all  respects  what they
purport to be; (b)  Customer  has good title to The  Bill(s) and The Bill(s) are
free  and  clear of all  encumbrances,  liens  and  prior  claims,  and that the
Customer has the legal right to sell The Bill(s);  (c) Customer has no knowledge
of any  fact  which  may  impair  the  validity  of The  Bill(s)  or  make  them
uncollectible  in accordance  with its terms and face amount (other than contras
related to bill backs and promotions not to exceed  Customer's  actual  dilution
rate with respect to The Bills,  measured in the  aggregate,  provided that such
dilution  is less than or equal to that  portion  of the  Deposit  for such Bill
withheld by SYSTRAN pursuant to Section 4.1); (d) for transportation  Customers,
The Bill(s) were made in  accordance  with the laws and the  regulations  of the
Federal  Highway  Administration  or other federal  regulatory  agency,  and the
appropriate  state  regulatory  commission or made according to lawful and valid
contracts which Customer has executed;  (e) for  transportation  Customers,  The
Bill(s) are supported by lawful, effective and complete bills of lading or other
contract of carriage together with bona fide, genuine, valid and signed delivery
receipts,  and  Customer  will not  modify  or  delete  any of the  terms of the
original Bills or Special Purchase Bills or bill of lading with respect to same;
(f) there are no counterclaims  or setoffs or defenses  existing in favor of the
Debtor,  whether arising from the services  provided or goods sold which are the
subject of The Bill(s) or  otherwise  and there has been no  agreement as to the
issuance or granting of any discount on The Bill(s) (other than contras  related
to bill backs and promotions not to exceed  Customer's actual dilution rate with
respect to The Bills, measured in the aggregate,  provided that such dilution is
less than or equal to that  portion of the  Deposit  for such Bill  withheld  by
SYSTRAN  pursuant to Section 4.1); (g) The Bill(s) are not a duplicate of and do
not cover the same services provided or goods sold as a Bill or Special Purchase
Bill previously purchased by SYSTRAN from the Customer or billed directly by the
Customer to the Debtor; (h) Customer does not own, control, or exercise dominion
over the business of any Debtor whose Bills or Special  Purchase  Bills are sold
and assigned by Customer to SYSTRAN,  Customer is not a subsidiary of any Debtor
and no Debtors control or exercise  dominion over the business of Customer;  (i)
Customer will not under any circumstances or in any manner whatsoever  interfere
with any of SYSTRAN's  rights under this Agreement in connection  with SYSTRAN's
purchase of The Bill(s);  (j) Customer has not and will not pledge the credit of
SYSTRAN  to  any  person  or  business  for  any  purpose  whatsoever;  (k)  for
non-transportation  Customers, until the sale by Customer to Debtor of the goods
described in The Bill(s),  Customer had good title to the goods sold,  the goods
were free of all  encumbrances,  liens and prior  claims,  and  Customer had the
legal  right to sell the  goods;  and (l) the  Debtor is  located  in the United
States of America or in any of the following provinces of Canada:  Ontario, Nova
Scotia,  Newfoundland,   Labrador,  Alberta,  Manitoba,  Saskatchewan,   British
Columbia, Prince Edward Island and the Yukon Territory.

      7.2 If the Customer is a  corporation,  partnership  or limited  liability
company, it is duly organized,  existing, and in good standing under the laws of
Delaware. If Customer represents him or herself to be a sole proprietorship or a
partnership,  such  representation  shall be deemed  conclusive and binding upon
Customer.  Customer is duly  qualified to do business and is in good standing in
every  other state in which such  qualification  is  required.  If Customer is a
corporation,  partnership or limited liability company, execution,  delivery and
performance  hereof are within its  corporate or entity  powers,  have been duly
authorized,  and are not in  contradiction  of law or the terms of its  charter,
by-laws,  partnership agreement,  operating agreement or other entity papers, or
any indenture, agreement or undertaking to which it is a party or by which it is
bound. In addition, the Customer has all licenses and certificates necessary for
the operation of its business and the issuance of The Bill(s).

8.    AUTHORITY

      Subject to the terms of this Agreement  (including  the Addendum  attached
hereto),  Customer  irrevocably  authorizes  SYSTRAN or any person designated by
SYSTRAN to: bill, receive and collect all amounts which may be due or become due
to Customer from Debtors and to use Customer's  name for purposes of billing and
collection of amounts due; delete  Customer's  address on all invoices mailed to
Debtor and substitute SYSTRAN's address;  receive,  open and dispose of all mail
addressed to Customer or Customer's trade name at SYSTRAN's  address;  negotiate
checks received in payment  whether  payable to Customer or to SYSTRAN,  endorse
the name of Customer or Customer's  trade name on any checks or other  evidences
of payment that may come into the possession of SYSTRAN on The Bill(s) purchased
by SYSTRAN and on any invoices or other document relating to any of The Bill(s);
in  Customer's  name,  or otherwise,  demand,  sue for,  collect and get or give
releases for any and all monies due or to become due on The Bill(s); compromise,
prosecute, or defend any action, claim or proceeding as to The Bill(s) purchased
by SYSTRAN;  take all steps  necessary to ensure payment of such amounts due and
do any and all things in Customer's  name  necessary and proper to carry out the
purpose intended by this Agreement.

9.    ADDITIONAL DOCUMENTS

      The Customer  shall  execute and deliver all such  additional  and further
instruments  as  may be  reasonably  requested  by  SYSTRAN  in  order  to  more
completely  vest in and assure to SYSTRAN and make available to it, the property
and rights herewith or hereafter  granted or assigned and transferred to SYSTRAN
as  Collateral  and to evidence  the sale of The Bill(s) to SYSTRAN and to carry
into effect the provisions and intent of this Agreement.

10.   LOCATION OF BOOKS AND RECORDS, PLACE OF BUSINESS

      Customer's  place of business is the one set forth in this  Agreement  and
all of its books, accounts, correspondence, papers and records pertaining to the
services  performed or sales of products are located there,  and all such books,
accounts,  correspondence,  papers  and  records  will be opened  for  SYSTRAN's
inspection at all reasonable times.

11.   INDEMNIFICATION OF SYSTRAN; SALES AND EXCISE TAXES

      Customer  will  indemnify  and hold SYSTRAN  harmless  against any and all
liability,  loss or expense,  including  attorney's fees and costs, caused by or
arising out of any claims or alleged claims  asserted  relating in any manner to
The Bill(s)  purchased by SYSTRAN  hereunder  or subject to  SYSTRAN's  security
interest,  including,  but not  limited  to,  claims  asserted  against  SYSTRAN
pursuant  to Chapter 5, Title 11 of the  United  States  Code.  In the event any
sales or excise  taxes are  imposed by any state,  federal or local  authorities
with respect to any of The Bill(s) sold and assigned hereunder, where such taxes
are required to be withheld or paid by SYSTRAN,  Customer  shall also  indemnify
SYSTRAN  and  hold it  harmless  with  respect  to all  such  taxes  and  hereby
authorizes  SYSTRAN to charge to Customer's account any such tax that is paid or
withheld  by  SYSTRAN.   SYSTRAN  may  charge  the  Deposit  or  initiate  legal
proceedings to collect any amount due under this  paragraph.  The Customer shall
not be responsible  for any loss,  damage or expense  caused by SYSTRAN's  gross
negligence or willful misconduct in its performance of its obligations under the
Agreement.  This  paragraph  shall  survive and remain  effective  following the
termination of the Agreement.

12.   FINANCIAL INFORMATION

      So long as Customer  factors or has any absolute or contingent  obligation
of any kind owing to SYSTRAN,  the Customer will provide  information  regarding
the business,  affairs and financial  condition of Customer and its subsidiaries
as SYSTRAN may reasonably request, including financial statements.

13.   BANKRUPTCY

      Customer  agrees  to  notify  SYSTRAN  of  any  voluntary  or  involuntary
bankruptcy  petition filed by or against it or any guarantor within  twenty-four
(24) hours of such filing.

14.   REORGANIZATION, ACQUISITIONS, CHANGE OF NAME OR LOCATION

      Customer  will  not,  and  will  not  permit  any  subsidiary  to merge or
consolidate  with or into any  corporation  or  other  entity,  or sell,  lease,
transfer,  or otherwise  dispose of all or any  substantial  part of its assets,
whether  now owned or  hereafter  acquired.  Customer  shall  notify  SYSTRAN in
writing  not less than  thirty  (30) days prior to (a) any change of its name or
use of any trade names;  or (b) any change in the address of the chief executive
office and/or chief place of business of Customer or the location of any records
pertaining to The Bill(s).

PAGE 3 - RECEIVABLES PURCHASE AGREEMENT
<PAGE>

15.   LITIGATION

      Except as  disclosed  in  writing,  Customer  represents  and  warrants to
SYSTRAN  as  follows:  There  are no  suits  or  proceedings  pending  or to the
knowledge of Customer,  threatened  against or affecting  Customer or any of its
subsidiaries  which,  if  adversely  determined,  would have a material  adverse
effect on the financial  condition or business of Customer and its  subsidiaries
and there are no proceedings by or before any  governmental  commission,  board,
bureau, or other administrative agency pending or, to the knowledge of Customer,
threatened,  against  Customer or any of its  subsidiaries.  Further,  Except as
disclosed in writing,  Customer  represents and warrants there is no claim, loss
contingency,  or  proceeding,  whether or not pending,  threatened  or imminent,
against or otherwise  affecting  Customer that involves the  possibility  of any
judgment or  liability  not fully  covered by  insurance or that may result in a
material adverse change in the business,  properties, or condition, financial or
otherwise, of Customer.

16.   TRADE NAMES

      Customer  represents  and  warrants  to SYSTRAN  that it utilizes no trade
names  or  assumed  business  names  in the  conduct  of its  business  exceptas
disclosed in the Exhibit B attached hereto.

17.   TAXES

      Customer  represents and warrants to SYSTRAN that:  Customer has filed all
federal,  state,  and local tax returns and other reports it is required to file
and has  paid  or  made  adequate  provision  for  payment  of all  such  taxes,
assessments, and other governmental charges.

18.   TERM AND TERMINATION

      18.1 This Agreement is for a term of thirty-six  (36) full months to begin
on the Commencement  Date as defined in paragraph 1(c) herein.  The term of this
Agreement  shall renew  automatically  for  consecutive  twelve (12) month terms
unless sooner terminated in accordance with the terms of the Agreement. Customer
or SYSTRAN may  terminate  this  Agreement  effective  at the end of any term by
giving thirty (30) days prior  written  notice to the other party at the address
set forth for such party in this  Agreement.  Customer may continue to offer any
of The  Bill(s) to SYSTRAN  during  such  thirty  (30) day  period.  SYSTRAN may
terminate  this  Agreement at any time  following the  occurrence of an event of
default.

      18.2 All of Customer's  representations,  warranties, and other provisions
of this Agreement shall survive such termination  until SYSTRAN has been paid in
full and  Customer  has fully  performed  all of its  obligations.  In addition,
should any  transfer of money or property to SYSTRAN  hereunder  be avoided in a
bankruptcy proceeding involving Customer,  any Debtor of Customer, or otherwise,
then Customer's Obligations hereunder shall be reinstated and/or supplemented to
the extent of the avoided transfer,  whether or not this Agreement has otherwise
been terminated.

      18.3  Notwithstanding the foregoing,  Customer has the option to terminate
this  Agreement  prior to the end of any term by giving SYSTRAN thirty (30) days
prior  written  notice.  Customer  may  continue  to offer any of The Bill(s) to
SYSTRAN  during such thirty  (30) day period.  Customer  shall be deemed to have
terminated this Agreement prior to the end of any term on the date that Customer
shall have ceased  presenting The Bill(s) to SYSTRAN in the normal course for an
uninterrupted period of thirty (30) days ("Deemed Termination").  Upon notice of
early termination, or the date of a Deemed Termination by Customer, prior to the
end of any term,  whether  or not  Customer  continues  to offer The  Bill(s) to
SYSTRAN  during  the thirty  (30) day  notice  period  applicable  to  Customer,
Customer  shall be obligated to pay to SYSTRAN,  and  Customer's  Deposit may be
charged, an early termination premium ("Early Termination Premium") in an amount
equal to three percent (3%) of the Maximum Approved Credit Line if terminated on
or prior to the first anniversary of the date of closing; or one percent (1%) of
the Maximum  Approved Credit Line if terminated  after the first  anniversary of
the date of closing and  thereafter,  unless sooner  terminated  pursuant to the
terms hereof.

      18.4 The  termination  date  shall be  thirty  (30) days  after  SYSTRAN's
receipt of the termination  notice or on the Deemed  Termination  date, unless a
termination  notice specifies a date that is more than thirty (30) days but less
than sixty (60) days after  SYSTRAN's  receipt of the termination  notice.  Upon
payment  in  full  of  all  Customer's  obligations  to  SYSTRAN,  the  Deposits
referenced in this Agreement shall be repaid to Customer.

      18.5 If SYSTRAN  terminates  this  Agreement  prior to the end of any term
upon any default in the performance of Customer under this Agreement, in view of
the impracticality and extreme difficulty in ascertaining  actual damages and by
mutual  agreement of the parties as to the  reasonable  calculation of SYSTRAN's
lost  profits as a result  thereof,  Customer  shall be obligated to pay SYSTRAN
upon the  effective  date of such  termination,  and  Customer's  Deposit may be
charged,  a premium in an amount equal to the Early  Termination  Premium as set
forth  above.  If  Customer  terminates  this  Agreement  pursuant  to the terms
thereof,  Customer shall  immediately  remit and pay to SYSTRAN,  at the time of
termination,  all  Obligations due and owing to SYSTRAN and/or its affiliates by
Customer, under this and any other Agreement.

19.   EVENTS OF DEFAULT

      19.1 The  following  shall be  events of  default  under the terms of this
Agreement:  (a) default by Customer in the  payment  and/or  performance  of any
Obligation to SYSTRAN or any other financial institution, creditor, or bank; (b)
Customer agrees to the  appointment of a receiver for its assets,  makes general
assignment for the benefit of creditors or declares that it is unable to pay its
debts as they  mature;  (c) Customer  files a  proceeding  under any law for the
relief of Debtors,  including  but not limited to, Title 11 of the United States
Code,  referred to as "The  Bankruptcy  Code" or any other similar law which may
exist; (d) any involuntary petition under the Bankruptcy Code or similar statute
has been filed  against the  Customer and not  dismissed  within sixty (60) days
after  filing  without the entry of an order for relief;  (e) the issuance of an
attachment, execution, tax assessment or similar process against the Customer or
its property or any guarantor (or its property) which is not released within ten
(10) days of its attachment; and (f) any change in the conditions,  financial or
otherwise,  of the  Customer  which  reasonably  causes  SYSTRAN to deem  itself
insecure.

      19.2  In  addition  to all  other  remedies  provided  by  law,  upon  the
occurrence of an event of default,  SYSTRAN may immediately,  and without notice
to the Customer,  increase the amount of the Deposit required under Section 4 of
this Agreement to one hundred percent (100%) of the outstanding  amount of Bills
purchased from the Customer ("100% Deposit"), and the Customer shall immediately
deliver to SYSTRAN funds sufficient to create this 100% Deposit.

      19.3  SYSTRAN  may,  upon  default  under  the  Agreement  or  any  of the
agreements,  collect any Obligation owing to SYSTRAN or any of its affiliates by
debiting  Customer's  account,  attach any funds owing to Customer by SYSTRAN or
its  affiliates,  and exercise any other remedy  available to SYSTRAN  under the
Agreements or at law. Any deficiency  arising under this Agreement  shall accrue
interest at the annual rate equivalent to the greater of twelve percent (12%) or
the Prime Plus Fee, from the date the deficiency is incurred.

20.   EXPENSES

      20.1 Customer  shall  reimburse  SYSTRAN for all fees,  costs and expenses
reasonably  incurred by SYSTRAN in relation to this  Agreement.  SYSTRAN may, at
any time,  and without  regard to any remedy listed above,  demand from Customer
payment of the outstanding fees, costs and expenses.

      20.2  ATTORNEYS'  FEES.  With respect to any default under this Agreement,
Customer shall reimburse SYSTRAN for all costs and expenses  reasonably incurred
by attorneys, including both SYSTRAN's in-house attorneys and outside attorneys'
and paralegals' whether or not a lawsuit or other court action is actually filed
in  connection  with the event of  default.  In the event  that a suit,  action,
arbitration,  or other proceeding of any nature, including,  without limitation,
any proceeding  under The  Bankruptcy  Code, any action seeking a declaration of
rights or an action for  rescission  is  instituted to interpret or enforce this
Agreement,  including,  but not limited to such fees and costs  associated  with
trial  and  appeals,  Customer  agrees  to pay the  reasonable  attorneys'  fees
incurred in connection with any such proceeding as awarded by the court.

PAGE 4 - RECEIVABLES PURCHASE AGREEMENT
<PAGE>

      20.3 OTHER PROFESSIONALS AND EXPERTS. With respect to any event of default
under this  Agreement,  SYSTRAN in its sole  discretion may retain  accountants,
auditors,  appraisers  and  other  experts  and the  Customer  agrees to pay the
professional  fees,  expert  fees and all other  fees and costs  reasonably  and
actually incurred in connection with the services provided.

      20.4 NO LIEN TERMINATION WITHOUT ADEQUATE  ASSURANCE.  Notwithstanding the
payment in full of the  Obligations,  all  accrued  and unpaid  fees,  any Early
Termination Premium,  and satisfaction of all other  non-contingent  Obligations
outstanding,  SYSTRAN shall not be required to terminate its security  interests
in the Collateral  unless,  with respect to any loss or damage SYSTRAN may incur
as a result of dishonored  checks or other items of payment received by Customer
or any Debtor and applied to the Obligations,  SYSTRAN shall (i) have received a
written  agreement,  executed by Customer and by any person whose loans or other
advances  to Customer  are used in whole or in part to satisfy the  Obligations,
indemnifying  SYSTRAN from any such loss or damage;  or (ii) have  retained such
monetary  reserves and its security interest for such period of time as SYSTRAN,
in its reasonable discretion, may deem necessary to protect Lender from any such
loss or damage.  Upon  payment in full of the  Obligations,  termination  of the
Agreement,  and receipt of either item (i) or (ii) above,  SYSTRAN shall provide
written   authorization   to  Customer  or  its   designee  to  record  or  file
satisfactions and terminations of all of SYSTRAN's liens and encumbrances on the
Collateral,  and shall  provide its written  consent to the  termination  of any
deposit account control agreement entered into by Customer in favor of SYSTRAN.

      20.5 JURY TRIAL WAIVER. IN RECOGNITION OF THE HIGHER COSTS AND DELAY WHICH
MAY RESULT  FROM A JURY TRIAL,  THE PARTIES  WAIVE ANY RIGHT TO TRIAL BY JURY OF
ANY CLAIM,  DEMAND,  ACTION OR CAUSE OF ACTION (A) ARISING HEREUNDER,  OR (B) IN
ANY WAY  CONNECTED  WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES
HERETO OR ANY OF THEM WITH RESPECT HERETO,  IN EACH CASE WHETHER NOW EXISTING OR
HEREAFTER  ARISING,  AND WHETHER SOUNDING IN CONTRACT OR TORT OR OTHERWISE;  AND
EACH PARTY FURTHER  WAIVES ANY RIGHT TO  CONSOLIDATE  ANY SUCH ACTION IN WHICH A
JURY TRIAL HAS BEEN WAIVED WITH ANY OTHER ACTION IN WHICH A JURY TRIAL CANNOT BE
OR HAS NOT BEEN WAIVED;  AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH
CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT
A JURY, AND THAT ANY PARTY HERETO MAY FILE AN ORIGINAL  COUNTERPART OR A COPY OF
THIS  SECTION  WITH ANY COURT AS WRITTEN  EVIDENCE OF THE CONSENT OF THE PARTIES
HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.

21.   JURISDICTION AND VENUE

      This  Agreement  shall be  deemed to be a  contract  under the laws of the
State of Oregon and for all  purposes  shall be  governed  by and  construed  in
accordance  with the laws of that state.  Customer  irrevocably  agrees that any
legal action or  proceeding  brought by or against  Customer with respect to the
Agreement  shall be  brought in the courts of the State of Oregon or in the U.S.
District Court for the District of Oregon. Customer consents to the jurisdiction
of such  courts  and that the venue for any such  action  shall be the County of
Multnomah.  This  provision  shall not limit the right of  SYSTRAN to bring such
actions or  proceedings  against  Customer in the court of such other  states or
jurisdictions where Customer may be subject to jurisdiction.  Customer expressly
authorizes  service of  process  in any such suit or action on its  behalf  upon
Registered  Agent: The Corporation  Trust Company,  at Corporation Trust Center,
1209 Orange Street,  Wilmington,  DE 19801,  or upon such other agent as SYSTRAN
may approve in writing,  as its agent for such  purposes and that service may be
deemed complete upon delivery via expedited national overnight delivery service.

22.   WAIVER, NOTICE

      The waiver by SYSTRAN  of the breach of any term of this  Agreement  or of
the compliance  therewith shall not be construed as a waiver of any other breach
or compliance.  Notices from either party to the other shall be given in writing
and mailed postage prepaid, registered or certified mail, or placed in the hands
of a national overnight  delivery service,  addressed to the addresses set forth
opposite  each party's name below,  or at such other address as either party may
hereafter advise the other in writing.

23.   ASSIGNMENT

      Customer  may not  assign  any of its  rights  or  obligations  hereunder.
SYSTRAN may assign or grant a security  interest in this  Agreement or in any of
The  Bill(s)  purchased  by  SYSTRAN.  SYSTRAN  may assign any of its rights and
remedies with respect to The Bill(s)  including  the right to notify  Debtors to
make payment to SYSTRAN's assignee.

24.   SEVERABILITY

      The  provisions  of  this  Agreement  are  severable  and if any of  these
provisions  shall  be  held  by  any  court  of  competent  jurisdiction  to  be
unenforceable  such  holding  shall not  affect or impair  any other  provisions
hereof.

25.   COMPLETE UNDERSTANDING

      This Agreement comprises the complete  understanding among the parties and
may only be  varied by a  writing  executed  by the  parties  hereto.  Paragraph
headings are for convenience only.

26.   THIRD PARTY CONSULTATION

      Customer hereby agrees and acknowledges that it has had the opportunity to
seek out and consult with legal counsel and/or independent  business advisors of
its own choosing in connection with the  negotiation,  execution and delivery of
this  Agreement.  This  Agreement  shall  be  construed  without  regard  to any
presumption  or rule  requiring  that it be construed  against the party causing
this Agreement, or any part hereof to be drafted.

27.   NO OFFER/COMMITMENT

      The presentation of this Agreement to Customer does not constitute  either
an offer or commitment to purchase The Bill(s) or to extend credit to Customer.

28.   JOINT AND SEVERAL LIABILITY

      If more than one Customer executes this Agreement, their Obligations under
this Agreement are joint and several.

29.   CREDIT INFORMATION

      Customer  authorizes  SYSTRAN or any of its  affiliates  to obtain  credit
bureau  reports,  and  make  other  credit  inquiries  that  it  determines  are
necessary.  On Customer's written request,  SYSTRAN will inform Customer whether
SYSTRAN has  requested a consumer  credit report and the name and address of any
consumer credit reporting agency that published a report.  Customer acknowledges
that without further notice SYSTRAN may use or request  additional credit bureau
reports to update its information so long as Customer obligations to SYSTRAN are
outstanding.

                         (Signatures on page following)

PAGE 5 - RECEIVABLES PURCHASE AGREEMENT
<PAGE>

SYSTRAN FINANCIAL SERVICES CORPORATION

By:      /s/ Kristina Kinyon
   -----------------------------------
Title:   Vice President
      --------------------------------
Date:    June 23, 2006
     ---------------------------------
Address: 4949 SW Meadows Drive
         Suite 500
         Lake Oswego, Oregon 97035

GALAXY NUTRITIONAL FOODS, INC.
                                           WITNESS:
By:      /s/ Salvatore J. Furnari          By:
   -----------------------------------        ----------------------------------
Print Name:  Salvatore J. Furnari          Print Name:
           ---------------------------                --------------------------
Title:   Chief Financial Officer           Address:
      --------------------------------             -----------------------------
Date:    June 23, 2006
     ---------------------------------             -----------------------------
                                           Phone:
                                                 -------------------------------

Address: 2441 Viscount Row
         Orlando, FL  32809

PAGE 6 - RECEIVABLES PURCHASE AGREEMENT
<PAGE>

                                   EXHIBIT "A"
              TO RECEIVABLES PURCHASE AGREEMENT DATED June 23, 2006

The terms used in this Exhibit A have the same  definitions as those used in the
Receivables  Purchase  Agreement.  In  case  of  conflict  of  definition,   the
definitions in this Exhibit "A" shall prevail.

All fees referred to below shall collectively be referred to as "Service Fees."

Customer  will pay a fee at an annual rate equal to Prime Rate  (defined  below)
plus 1.5% per annum of all funds  employed  to  purchase  Bills (the "Prime Plus
Fee"). The Prime Plus Fee shall be calculated on the basis of a 360-day year and
the actual number of days elapsed in each month, provided however the Prime Plus
Fee for any month shall not be less than $7,500.00  ("Minimum  Prime Plus Fee").
Funds  employed shall be calculated by SYSTRAN on a daily basis based upon bills
unpaid and outstanding,  less the Deposit. A change in the Prime Plus Fee due to
a Prime Rate change will be effective upon the date of the change, which will be
indicated on the settlement  statement.  "Prime Rate" means the prime commercial
rate of interest per annum as determined  from time to time by Wells Fargo Bank,
N.A.,  or any other money center bank that Systran  selects,  at the bank's main
office and designated as the bank's "Prime Rate," from time to time in effect.

For all purposes and computations  under this Agreement,  Clearance Days will be
based  on Prime  and  added to the date on which  any  payment  is  received  by
SYSTRAN.

Customer  shall  pay a  closing  fee  (the  "Closing  Fee")  in  the  amount  of
$35,000.00,  to be deducted  from funds due Customer on the first day of funding
to Customer by SYSTRAN.

A managed  account  shall also be created  for all Bills that  SYSTRAN  does not
purchase and all Bills which  Customer does not factor (the "Managed  Account").
The Deposit on the Managed Account is 100%, provided that SYSTRAN shall promptly
remit  Managed  Account  collections  to Customer  pursuant to Sections  2.2 and
Article 4 of the Receivables Purchase Agreement.

The above Service Fees may be deducted from Customer's  funding  pursuant to the
Receivables Purchase Agreement or SYSTRAN may bill Customer.

SYSTRAN FINANCIAL SERVICES CORPORATION

By:      /s/ Kristina Kinyon
   -------------------------------------
Title:   Vice President
      ----------------------------------
Dated:   June 23, 2006
      ----------------------------------

Galaxy Nutritional Foods, Inc.

By:      /s/ Salvatore J. Furnari
   -------------------------------------
Title:   Salvatore J. Furnari
      ----------------------------------
Date:    June 23, 2006
     -----------------------------------

PAGE 7 - RECEIVABLES PURCHASE AGREEMENT
<PAGE>

                                    ADDENDUM
              TO RECEIVABLES PURCHASE AGREEMENT DATED June 23, 2006

This Addendum modifies the Receivables  Purchase  Agreement dated June 23, 2006,
between  SYSTRAN   Financial   Services   Corporation   ("SYSTRAN")  and  Galaxy
Nutritional Foods, Inc. ("Customer") (The "Agreement").

Section 2, entitled, "Purchase of Bills", paragraph 2.1 and 2.4 of the Agreement
shall be modified as follows:

      SYSTRAN will purchase  Customer's  Bills in accordance with Section 2.1 of
      the Receivables Purchase Agreement ("Agreement"), however, pursuant to the
      special  request  of  Customer,  so long as an  event of  default  has not
      occurred  pursuant to Section 19 and Customer is otherwise  fulfilling all
      of its  obligations  under the Agreement,  SYSTRAN will suspend its normal
      practice,  as set forth in Section 2.4 of the Agreement,  of giving notice
      of  assignment to the Debtor(s) and to forego the practice of placing of a
      legend on the Bill(s)  stating that the Bill(s) has been sold and assigned
      to SYSTRAN and is payable to SYSTRAN.  Should  Customer  default in any of
      the terms and conditions of the Agreement,  it is specifically  understood
      that  SYSTRAN  shall be entitled  to, in its sole  discretion  and without
      giving prior notice to Customer,  take whatever  action it deems necessary
      to notify the Debtors that SYSTRAN has purchased Customer's Bill(s) and to
      reinstate any and all notification  provisions set forth in Section 2.4 of
      the Agreement,  and Customer shall have no right to collect  directly from
      the Debtors.  All other terms and  conditions of Section 2.4 not expressly
      mentioned above shall remain in full force and effect and are not intended
      to be modified or altered by this Addendum.

      This Addendum  will also modify  Section 2.1 of the Agreement to allow the
      Customer,  so long as it is not in default of any term or condition of the
      Agreement,  to send the original Bill directly to the Debtor and to submit
      a copy to SYSTRAN, whether in the form of a photocopy, a facsimile copy or
      a scanned copy via Electronic Data Interchange. All original Bills and all
      copies  created by Customer  must  specify the lock box address  below (or
      other  address  that  SYSTRAN  may  require) as the  exclusive  remittance
      address for any payment by an Debtor.

                         Galaxy Nutritional Foods, Inc.
                                 P.O. Box 863651
                             Orlando, FL 33886-3651

Customer and SYSTRAN agree to modify Section 12 "Financial  Information"  of the
Agreement to include the following:

      Customer  shall  deliver to SYSTRAN  within 120 days  following the end of
      each  of  its  fiscal  years,  management  prepared  financial  statements
      certified as having been prepared in accordance  with  generally  accepted
      accounting  principles  ("GAAP") and as  presenting  fairly the  financial
      condition  of  Customer  for the fiscal year then  ended.  Customer  shall
      deliver to SYSTRAN such  financial  information  as SYSTRAN shall request,
      including,  (a)  within 30 days  after the end of each  month,  reasonably
      detailed monthly and fiscal year-to-date  financial statements prepared in
      accordance with past practices that are consistently applied, certified by
      the chief  financial  officer or chief  executive  officer of  Customer as
      presenting fairly the financial condition of Customer, (b) by the 15th day
      of each month end accounts  receivable and accounts  payable agings,  in a
      format satisfactory to SYSTRAN and any other reports reasonably  requested
      by SYSTRAN.  Customer  hereby  irrevocably  authorizes all accountants and
      third parties to disclose and deliver to SYSTRAN at Customer's expense all
      financial information,  books and records, work papers, management reports
      and other  information in their possession  relating to Customer,  and (c)
      with each purchase request, but at least weekly, a report that details all
      Debtor chargebacks, offsets or other adjustments to Debtor Bills that have
      occurred and not been  otherwise  reported since the purchase date of such
      Bills,  including  but not limited to  promotional  discount  adjustments.
      Customer  shall not change its fiscal year for  accounting or tax purposes
      from a period  consisting  of the twelve (12) month period ending on March
      31 of each  calendar  year,  and shall not make any  change in  accounting
      treatment and reporting  practices or tax  reporting  treatment  except as
      required by GAAP or law and disclosed in writing to SYSTRAN at the address
      set forth herein.

The remainder of Section 12 shall remain as originally written.

PAGE 8 - RECEIVABLES PURCHASE AGREEMENT
<PAGE>

Customer and SYSTRAN  agree to amend  Paragraph  18.1 of the Agreement by adding
the following language:

      Customer may request that SYSTRAN  perform the  necessary due diligence in
      order to consider the Customer as a candidate  for  conversion to an Asset
      Based  Loan  ("ABL").  Any  costs  or  expenses  that  SYSTRAN  incurs  in
      connection  with any  conversion  request  are  included  in the  Customer
      Obligations.  In the event  SYSTRAN  approves a conversion  request in its
      sole  discretion,  the Early  Termination  Premium (defined below) will be
      waived upon funding the ABL.

The remainder of Section 18 shall remain as originally written.

Customer and SYSTRAN  agree to modify  Section 20,  "Expenses,"  by adding a new
Paragraph 20.6 to the Agreement as follows:

t 6 6 One or more employees or agents of SYSTRAN may perform field  examinations
of the books, records and other assets of Customer.  Absent an event of default,
SYSTRAN shall  provide  Customer with at least 5 days prior notice of such field
examinations  and such  field  examinations  shall be  conducted  during  normal
business  hours  and in a manner  that  does  not  unreasonably  interfere  with
Customer's business.  SYSTRAN shall perform such field examinations each quarter
(4 times  each  year),  unless  Customer  shall  default  under the terms of the
Agreement.  After a  default,  no  limit  shall  apply  to the  number  of field
examinations  that  SYSTRAN may perform.  Customer  shall pay to SYSTRAN a field
examination  fee (the "Field  Examination  Fee") in an amount  equal to $850 for
each day spent by each such employee or agent in performing  and/or  summarizing
the results of such  examination  (including all necessary travel time) plus all
reasonable "out of pocket" expenses. Each Field Examination Fee shall be payable
by Customer to SYSTRAN,  in whole or in part, as appropriate,  on the date(s) on
which such field examination was performed.

The remainder of Section 20 shall remain as originally written.

      The  parties  Acknowledge  and  Agree to the  terms of this  Addendum  and
incorporate  the terms of this  Addendum into the  Agreement.  All defined terms
appearing  in the  Agreement  shall  have the  same  meaning  when  used in this
Addendum.

SYSTRAN FINANCIAL SERVICES CORPORATION

By:      /s/ Kristina Kinyon
   -------------------------------------
Title:   Vice President
      ----------------------------------
Dated:   June 23, 2006
      ----------------------------------

Galaxy Nutritional Foods, Inc.

By:      /s/ Salvatore J. Furnari
   -------------------------------------
Title:   Salvatore J. Furnari
      ----------------------------------
Date:    June 23, 2006
     -----------------------------------

PAGE 9 - RECEIVABLES PURCHASE AGREEMENT

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