Document:

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EXHIBIT 10.18

                               SECOND AMENDMENT TO
                           SECOND AMENDED AND RESTATED
                           LOAN AND SECURITY AGREEMENT
                           ---------------------------

         THIS SECOND AMENDMENT TO SECOND AMENDED AND RESTATED LOAN AND SECURITY
AGREEMENT is entered into and effective as of June 19, 2003 (this "Amendment"),
by and among OVERHILL FARMS, INC., a Nevada corporation (the "BORROWER"),
OVERHILL L.C. VENTURES, INC., a California corporation ("OVERHILL VENTURES"),
and PLEASANT STREET INVESTORS, LLC, a California limited liability company (the
"LENDER").

                                 R E C I T A L S
                                 ---------------

         A. The Borrower, Overhill Ventures and the Lender are parties to that
certain Second Amended and Restated Loan and Security Agreement dated as of
April 16, 2003, as amended by a First Amendment to Second Amended and Restated
Loan and Security Agreement dated as of May 16, 2003 (as so amended, the "LOAN
AGREEMENT"). Unless otherwise indicated, capitalized terms used and not
otherwise defined herein have the meanings ascribed to them in the Loan
Agreement.

         B. At the Borrower's request, the Lender has agreed to amend clause
(c)(iv) of Section 4.1 (Negative Covenants) of the Loan Agreement on the terms
and conditions provided for herein.

                                A G R E E M E N T
                                -----------------

         NOW, THEREFORE, in consideration of the foregoing and the mutual
covenants, conditions and provisions contained herein, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereby agree as follows:

         1. AMENDMENT TO LOAN AGREEMENT. Pursuant to Section 10.1 of the Loan
Agreement, clause (c)(iv) of Section 4.1 (Negative Covenants) of the Loan
Agreement is hereby amended to read in its entirety as follows:

                           (iv) trade accounts payable arising in the ordinary
                  course of business that are more than sixty (60) days past
                  their due dates and do not exceed in the aggregate (x) at any
                  time from the Effective Date to and including June 30, 2003
                  (during which period the Borrower shall have complied with the
                  Trade Payables Reduction Plan), the amount of such trade
                  accounts payable on the Effective Date (y) $1,650,000 at any
                  time during the period commencing on July 1, 2003, and ending
                  on the last day of the Borrower's fiscal year ending in
                  September 2003, and (z) $200,000 at any time thereafter;
                  PROVIDED, HOWEVER, that if during any of such periods the
                  aggregate amount of any such trade accounts payable exceeds
                  the applicable amount for such period at any one time, then
                  the Borrower shall not be deemed to be in violation of this
                  clause (iv) if the amount in excess of such applicable amount
                  is being disputed or contested in good faith by appropriate
                  proceedings in a commercially reasonable manner;"

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         2. CONFIRMATION; FULL FORCE AND EFFECT. The amendment set forth in
Section 1 above shall amend the Loan Agreement on and as of the date hereof, and
the Loan Agreement shall remain in full force and effect, as amended thereby,
from and after the date hereof in accordance with its terms. The Borrower hereby
ratifies, approves and affirms in all respects each of the Loan Agreement, as
amended hereby, the Notes, the Collateral Documents (including the Liens granted
in favor of the Lender under the Collateral Documents) and each of the other
Loan Documents, the terms and other provisions hereof and thereof and the
Obligations due hereunder and thereunder.

         3. NO OTHER AMENDMENTS. This Amendment is being delivered without
prejudice to the rights, remedies or powers of the Lender under or in connection
with the Loan Agreement, the Notes, the Collateral Documents and the other Loan
Documents, Applicable Laws or otherwise and, except as expressly provided in
Section 1 above, shall not constitute or be deemed to constitute an amendment or
other modification of, or a supplement to, the Loan Agreement or any Loan
Document or the obligations of the Borrower Parties thereunder. In addition,
nothing contained in this Amendment is intended to constitute, or shall be
construed as, a waiver of any breach, violation, Default or Event of Default,
whether past, present or future, under the Loan Agreement, the Notes, the
Collateral Documents or any other Loan Document, or a forbearance by the Lender
of any of its rights, remedies or powers against the Borrower Parties (or any of
them) or the Collateral. The Lender hereby expressly reserves all of its rights,
powers and remedies under or in connection with the Loan Agreement, the Notes,
the Collateral Documents and the other Loan Documents, whether at law or in
equity, including, without limitation, the right to declare all Obligations to
be due and payable.

         4. MISCELLANEOUS PROVISIONS.

                  (a) ENTIRE AGREEMENT; SUCCESSORS AND ASSIGNS. This Amendment
constitutes the entire understanding and agreement with respect to the subject
matter hereof and supersedes all prior oral and written, and all contemporaneous
oral, agreements and understandings with respect thereto. This Amendment shall
inure to the benefit of, and be binding upon, the parties and their respective
successors and permitted assigns.

                  (b) GOVERNING LAW. IN ALL RESPECTS, INCLUDING ALL MATTERS OF
CONSTRUCTION, VALIDITY AND PERFORMANCE, THIS AMENDMENT SHALL BE GOVERNED BY, AND
CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF
CALIFORNIA APPLICABLE TO CONTRACTS MADE AND PERFORMED IN THAT STATE (WITHOUT
REGARD TO THE CHOICE OF LAW OR CONFLICTS OF LAW PROVISIONS THEREOF).

                                      -2-
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                  (c) COUNTERPARTS. This Amendment may be executed in any number
of counterparts and by facsimile transmission, each of which shall be deemed an
original and all of which taken together shall constitute one and the same
instrument.

         IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed and delivered by their duly authorized representatives as of the date
first written above.

                        BORROWER
                        --------

                        OVERHILL FARMS, INC., a Nevada corporation

                        By:  /S/ JAMES RUDIS
                             ---------------------------------------------------
                             James Rudis
                             President and Chief Executive Officer

                        By:  /S/ JOHN STEINBRUN
                             ---------------------------------------------------
                             John Steinbrun
                             Senior Vice President and Chief Financial Officer

                        OVERHILL VENTURES
                        -----------------

                        OVERHILL L.C. VENTURES, INC., a California corporation

                        By:  /S/ JAMES RUDIS
                             ---------------------------------------------------
                             James Rudis
                             President

                        LENDER
                        ------

                          PLEASANT STREET INVESTORS, LLC, a California limited
                          liability company

                          By:    Levine Leichtman Capital Partners, Inc., its
                                 Manager

                                By:  /S/ STEVEN E. HARTMAN
                                   -----------------------
                                          Steven E. Hartman
                                          Vice President

                                      -3-<PAGE>

EXHIBIT 10.23

                   LEVINE LEICHTMAN CAPITAL PARTNERS II, L.P.
                        335 North Maple Drive, Suite 240
                             Beverly Hills, CA 90210

                                  July 18, 2003

James Rudis
President and Chief Executive Officer
Overhill Farms, Inc.
2727 East Vernon Avenue
Vernon, CA  90058

                  Re:      CONDITIONAL WAIVER LETTER
                           -------------------------

Dear Mr. Rudis:

         We refer to that certain Second Amended and Restated Securities
Purchase Agreement dated as of April 16, 2003, as amended by a First Amendment
to Second Amended and Restated Securities Purchase Agreement dated as of May 16,
2003, and as further amended by a Second Amendment to Second Amended and
Restated Securities Purchase Agreement dated as of June 19, 2003 (as so amended,
the "SECURITIES PURCHASE AGREEMENT"), by and among Overhill Farms, Inc., a
Nevada corporation (the "COMPANY"), the entities from time to time parties
thereto as Guarantors and Levine Leichtman Capital Partners II, L.P. (the
"PURCHASER"). Unless otherwise indicated, all capitalized terms used and not
defined herein have the meanings ascribed to them in the Securities Purchase
Agreement.

1.       ISSUANCE AND SALE OF APRIL 2003 SHARES.
         ---------------------------------------

         Section 8.28(d) of the Securities Purchase Agreement provides in
relevant part that the Company's failure to issue and sell to the Purchaser the
April 2003 Shares on or before July 20, 2003, shall constitute an Event of
Default as of July 20, 2003 (and such Event of Default shall not be deemed
curable). The Company has advised the Purchaser that, as a result of the SEC's
full review of the Company's proxy statement previously filed with the SEC
pursuant to Section 8.28(c) of the Securities Purchase Agreement, the Company
had to postpone the Special Stockholder Meeting initially scheduled for July 14,

<PAGE>

James Rudis
Overhill Farms, Inc.
July 18, 2003

2003; therefore, the Company will be unable to issue and sell to the Purchaser
the April 2003 Shares on or before July 20, 2003. Accordingly, the Company has
requested that the Purchaser waive the Event of Default that would result as of
July 20, 2003.

         At the request of the Company, and pursuant to Section 12.2 of the
Securities Purchase Agreement, the Purchaser waives the Event of Default that
would occur as of July 20, 2003, by virtue of the Company's failure to issue and
sell to the Purchaser the April 2003 Shares on or before such date; provided,
HOWEVER, that if the Company fails to issue and sell to the Purchaser the April
2003 Shares on or before August 20, 2003, then the waiver provided for in this
paragraph shall be void AB INITIO and the Company's failure to issue and sell to
the Purchaser the April 2003 Shares on or before July 20, 2003, shall constitute
an Event of Default as of July 20, 2003 (and, notwithstanding anything to the
contrary, such Event of Default shall not be deemed curable).

         The Company and the Purchaser informally have agreed that the Special
Stockholder Meeting required to be held pursuant to Section 8.28(c) of the
Securities Purchase Agreement may be either a special stockholders' meeting or
an annual stockholders' meeting.

2.       DISSOLUTION OF OVERHILL VENTURES.
         ---------------------------------

         Section 8.30 of the Securities Purchase Agreement provides that, not
later than June 30, 2003, the Company shall liquidate, wind up and dissolve
Overhill Ventures in accordance with Applicable Laws and deliver to the
Purchaser documentation reasonably satisfactory to it evidencing the
liquidation, winding up and dissolution of Overhill Ventures (including a tax
clearance certificate issued by the California Franchise Tax Board). The Company
failed to liquidate, wind up and dissolve Overhill Ventures by such date, and
such failure constitutes a Default and an Event of Default by virtue of the fact
that the Company did not cure such Default within ten Business Days after an
officer of the Company became aware or should have become aware of such failure.
Accordingly, the Company has requested that the Purchaser waive the Default and
Event of Default that occurred by virtue of the Company's failure to perform its
obligations under Section 8.30.

         At the request of the Company, and pursuant to Section 11.5 of the
Securities Purchase Agreement, the Purchaser waives the Default and Event of
Default that occurred by virtue of the Company's failure to liquidate, wind up
and dissolve Overhill Ventures by June 30, 2003; PROVIDED, HOWEVER, that if, on
or before August 20, 2003, the Company fails to liquidate, wind up and dissolve
Overhill Ventures and deliver to the Purchaser documentation reasonably
satisfactory to it evidencing such liquidation, winding up and dissolution
(including a tax clearance certificate issued by the California Franchise Tax
Board), then the waiver provided for in this paragraph shall be void AB INITIO
and the Company's failure to liquidate, wind up and dissolve Overhill Ventures
and deliver to the Purchaser related documentation by June 30, 2003, shall
constitute an Event of Default as of June 30, 2003.

                                      -2-
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James Rudis
Overhill Farms, Inc.
July 18, 2003

3.       GENERAL MATTERS.
         ----------------

         In order to induce the Purchaser to grant the conditional waivers
provided for herein, the Company hereby represents and warrants to the Purchaser
that, as of the date hereof, no Defaults or Events of Default have occurred or
are continuing other than as described above.

         This waiver letter is being delivered without prejudice to the rights,
remedies or powers of the Purchaser under or in connection with the Securities
Purchase Agreement, the Note, the other Investment Documents, Applicable Laws or
otherwise, and shall not constitute or be deemed to constitute an amendment or
other modification of, or a supplement to, the Securities Purchase Agreement,
the Note or any other Investment Documents. In addition, except for the
conditional waivers expressly described herein, nothing contained in this letter
is intended to or shall be construed as a waiver of any breach, violation,
Default or Event of Default, whether past, present or future, under the
Securities Purchase Agreement, the Note or any other Investment Document, or a
forbearance by the Purchaser of any of its rights, remedies or powers against
the Company Parties (or any of them) or the Collateral. The Purchaser hereby
expressly reserves all of its rights, powers and remedies under or in connection
with the Securities Purchase Agreement, the Note and the other Investment
Documents and Applicable Law, whether at law or in equity. All of the provisions
of the Securities Purchase Agreement, the Note and the other Investment
Documents shall remain in full force and effect.

                            [SIGNATURE PAGE FOLLOWS]

                                      -3-
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         Please acknowledge your agreement with the foregoing by signing this
waiver letter in the space indicated below and returning a signed copy to us as
soon as possible.

                                                     Sincerely yours,

                                                     /s/ STEVEN E. HARTMAN
                                                     ---------------------
                                                     Steven E. Hartman

AGREED:
-------

OVERHILL FARMS, INC., a Nevada
corporation

By:      /S/ JAMES RUDIS
   -----------------------------------------
         James Rudis
         President and Chief Executive Officer

ACKNOWLEDGED:
-------------

OVERHILL L.C. VENTURES, INC., a
California corporation

By:      /S/ JAMES RUDIS
   -----------------------------------------
         James Rudis
         President and Chief Executive Officer

cc:      Mitchell S. Cohen, Esq.
         Gregg A. Amber, Esq.
         Cristy Parker, Esq.
         Albert B. Greco, Jr., Esq.

                                      -4-

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