Document:

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                                                                    EXHIBIT 10.6

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                           CRUNCH EQUITY HOLDING, LLC

                              AMENDED AND RESTATED
                               MEMBERS' AGREEMENT

                           DATED AS OF MARCH 19 , 2004

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                                TABLE OF CONTENTS

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                                                                                                                     PAGE
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ARTICLE I DEFINITIONS............................................................................................       1

ARTICLE II BOARD OF MANAGERS REPRESENTATION......................................................................      11
     2.1      BOARD OF MANAGERS REPRESENTATION...................................................................      11
     2.2      VOTING.............................................................................................      13
     2.3      COMMITTEES; SUBSIDIARIES...........................................................................      13
     2.4      MEETINGS; EXPENSES; COMPENSATION...................................................................      15
     2.5      PROTECTIVE PROVISIONS..............................................................................      15

ARTICLE III CERTAIN MATTERS AFFECTING UNITS......................................................................      17
     3.1      FUTURE MEMBERS.....................................................................................      17
     3.2      LIMITATIONS ON TRANSFERS...........................................................................      18
     3.3      RIGHT OF FIRST REFUSAL/RIGHT OF FIRST OFFER........................................................      19
     3.4      CO-SALE RIGHTS.....................................................................................      23
     3.5      PREEMPTIVE RIGHTS..................................................................................      25
     3.6      REPURCHASE RIGHTS..................................................................................      27
     3.7      CALL OPTION........................................................................................      28
     3.8      DRAG-ALONG RIGHTS..................................................................................      30
     3.9      REGULATORY MATTERS.................................................................................      32
     3.10     ACCESS TO RECORDS AND PROPERTIES...................................................................      32
     3.11     INFORMATION RIGHTS.................................................................................      32
     3.12     CERTAIN MATTERS RELATING TO TRANSFERS..............................................................      33
     3.13     REQUIRED IPO AND IPO LIQUIDATION...................................................................      34
     3.14     PINNACLE INDEMNITY.................................................................................      34

ARTICLE IV MISCELLANEOUS.........................................................................................      35
     4.1      TERMINATION........................................................................................      35
     4.2      LEGEND ON UNIT CERTIFICATES........................................................................      35
     4.3      GOVERNING LAW; CONSENT TO JURISDICTION AND VENUE; WAIVER OF JURY TRIAL.............................      35
     4.4      SEVERABILITY.......................................................................................      36
     4.5      ASSIGNMENTS; SUCCESSORS AND ASSIGNS................................................................      36
     4.6      AMENDMENTS; WAIVERS................................................................................      36
     4.7      NOTICES............................................................................................      37
     4.8      HEADINGS...........................................................................................      37
     4.9      NOUNS AND PRONOUNS.................................................................................      38
     4.10     APPROVALS..........................................................................................      38
     4.11     EXPENSES...........................................................................................      38
     4.12     ENTIRE AGREEMENT...................................................................................      38
     4.13     COUNTERPARTS.......................................................................................      38
     4.14     FURTHER ASSURANCES.................................................................................      38
</TABLE>

Annex I - Schedule of Members

Exhibit A - Regulatory Sideletter

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                                  AMENDED AND RESTATED MEMBERS'
                                  AGREEMENT (this "Agreement"), dated as of
                                  March 19, 2004 (the "Effective Date"), among
                                  CRUNCH EQUITY HOLDING, LLC, a
                                  Delaware limited liability company (the
                                  "Company") and the Members (as defined herein)
                                  listed on the signature pages hereto.

                                    PREAMBLE

            The Company and the Members (other than Bondholder Trust (as defined
herein)) are parties to a Members' Agreement, dated as of November 25, 2003 (the
"Original Agreement"). In connection with the consummation of the Aurora
Transaction (as defined herein) and the admission of Bondholder Trust as a
Member, the parties hereto wish to amend and restate the Original Agreement in
the form of this Agreement.

            Each Member owns, as of the date hereof, that number, class and type
of Units (as defined herein) set forth opposite such Member's name on Schedule I
to the Operating Agreement (as defined herein). The Members believe it to be in
the best interest of the Company and the Members to provide for the continued
stability of the business and policies of the Company and its Subsidiaries (as
defined herein), as the same may exist from time to time, and, to that end, the
parties hereto set forth this Agreement.

            ACCORDINGLY, in consideration of the mutual covenants and agreements
contained in this Agreement, and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties agree as
follows:

                                   ARTICLE I

                                   DEFINITIONS

            Capitalized terms used in this Agreement and not otherwise defined
herein shall have the meanings ascribed to such terms in the Operating
Agreement. Additionally, the Rules of Construction contained in Section 1 of the
Operating Agreement shall be deemed incorporated herein by reference. As used
herein, the following terms shall have the following respective meanings:

            "ACCEPTANCE PERIOD" has the meaning set forth in Section 3.3(a)(ii).

            "AGREEMENT" has the meaning set forth in the caption.

            "APPRAISED VALUE NOTICE" has the meaning set forth in Section
3.6(e).

            "APPRAISER" means an investment banking firm of national recognition
that has not, at any time during the one year period immediately preceding the
date of its appointment as Appraiser, been engaged by (i) the Company or any of
its direct or indirect Subsidiaries, (ii) in

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the event the Appraiser is appointed in connection with Section 3.4, by the
Company, any of its direct or indirect Subsidiaries, the Co-Sale Offeror, the
Co-Sale Offeree or any of the Co-Sale Rightholders or (iii) in the event the
Appraiser is appointed in connection with Section 3.6, by the Company, any of
its direct or indirect Subsidiaries or the CDM Holder.

            "AURORA" means Aurora Foods, Inc., a Delaware corporation.

            "AURORA MERGER AGREEMENT" means the Agreement and Plan of
Reorganization and Merger, dated as of November 24, 2003, by and between Aurora
and the Company.

            "AURORA SALE" means (i) the sale or Transfer (in one or a series of
related transactions) of all or substantially all of Aurora's assets on a
consolidated basis to a Person or a group of Persons acting in concert, (ii) the
sale or Transfer (in one or a series of related transactions) of a majority of
the outstanding capital stock of Aurora to a Person or a group of Persons acting
in concert, or (iii) the merger or consolidation of Aurora with or into another
Person, in each case in clauses (ii) and (iii) above, under circumstances in
which the holders of a majority in voting power of the outstanding capital stock
of Aurora (or its direct or indirect parent company), immediately prior to such
transaction, own less than a majority in voting power of the outstanding capital
stock of Aurora (or its direct or indirect parent company), or the surviving or
resulting corporation, entity or acquirer, as the case may be, immediately
following such transaction.

            "AURORA TRANSACTION" means the reorganization of Aurora whereby
Aurora is combined with Pinnacle and the acquisition by Crunch Holding of a
direct or indirect equity interest in such combined company.

            "AUTHORIZED REPRESENTATIVES" has the meaning set forth in Section
3.10.

            "BONDHOLDER TRUST" means Crunch Equity Voting Trust, a Delaware
business trust.

            "BONDHOLDER TRUST AGREEMENT" means the governing instrument(s) of
Bondholder Trust.

            "BONDHOLDER TRUST CORRESPONDING INTERESTS" has the meaning set forth
in Section 3.2(c).

            "BONDHOLDER MANAGERS" has the meaning set forth in Section
2.1(b)(iv).

            "BYLAWS" means the Bylaws of the Company as amended from time to
time.

            "CALL OPTION" has the meaning set forth in Section 3.7(a).

            "CALL OPTION NOTICE" has the meaning set forth in Section 3.7(b).

            "CALL OPTION PRICE" means an amount equal to the product of (A)
$10,750,000 multiplied by (B) a percentage (which is not greater than 100%)
representing the percentage of original investment of the capital (or
proportionate part thereof if the Sale of the Company or

                                       2
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Aurora Sale does not involve the sale directly or indirectly of the Members'
entire interest in the Company or Aurora, as the case may be) returned to the
JPMP Holder, the JWC Holder and Bondholder Trust prior to, or contemporaneously
with, the Call Trigger Event pursuant to the rights and preferences set forth in
the Operating Agreement as in effect immediately prior to such Call Trigger
Event (giving effect to applicable orders of priority set forth in the Operating
Agreement); provided, that the Call Option Price shall: (i) reflect the terms
and conditions of any underlying Sale of the Company or Aurora Sale, as the case
may be (e.g., nature of consideration received, indemnities, etc.); (ii) be
reduced by any amounts received prior to, or contemporaneously with, such Sale
of the Company or Aurora Sale, as the case may be, in respect of Units owned by
the CDM Holder (including the proceeds actually received upon the prior Transfer
of Units previously held by the CDM Holder); and (iii) be reduced by any net tax
cost incurred by the CO Purchaser as a result of the exercise of the Call Option
and in connection with such Sale of the Company or Aurora Sale, as the case may
be, provided that the CO Purchaser takes all steps reasonably practicable to
eliminate or minimize the amount of such net tax cost, including, without
limitation, making a Section 754 election in connection with the exercise of the
Call Option.

            "CALL OPTION PRICE STATEMENT" has the meaning set forth in Section
3.7(b).

            "CALL TRIGGER EVENT" has the meaning set forth in Section 3.7(a).

            "CDM CORRESPONDING INTERESTS" has the meaning set forth in Section
3.2(c).

            "CDM EMPLOYMENT AGREEMENTS" means the Employment Agreements, dated
as of November 25, 2003, between Pinnacle Holding and each of Metropoulos, N.
Michael Dion, Evan Metropoulos and Louis Pellicano (as such agreement may be
amended, waived, supplemented or otherwise modified from time to time).

            "CDM EXECUTIVES" means C. Dean Metropoulos, N. Michael Dion, Evan
Metropoulos, Louis Pellicano and each other employee of the CDM Holder who at
such time holds a membership interest in the CDM Holder.

            "CDM HOLDER" means CDM Investor Group LLC, a Delaware limited
liability company.

            "CDM HOLDER AGREEMENT" means the Operating Agreement of the CDM
Holder, dated as of November 25, 2003 (as such agreement may be amended, waived,
supplemented or otherwise modified from time to time).

            "COMPANY" has the meaning set forth in the caption.

            "COMPANY ACCEPTANCE" has the meaning set forth in Section 3.3(a)(i).

            "CO PURCHASER" means one or more of the JPMP Holder, the JWC Holder
and Bondholder Trust to the extent such Member elects to exercise the Call
Option.

            "CO-SALE NOTICE" has the meaning set forth in Section 3.4(a)(i).

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            "CO-SALE OFFEREE" has the meaning set forth in Section 3.4(a).

            "CO-SALE OFFEROR" has the meaning set forth in Section 3.4(a).

            "CO-SALE RIGHTHOLDER" has the meaning set forth in Section 3.4(c).

            "CO-SALE UNITS" has the meaning set forth in Section 3.4(a)(i).

            "CRUNCH HOLDING" means Crunch Holding Corp., a Delaware corporation
and the directly held Subsidiary of the Company and the direct parent of Aurora.

            "CRUNCH HOLDING SHARES" has the meaning set forth in Section
3.13(b).

            "DISABILITY" has the meaning ascribed to such term in the applicable
CDM Employment Agreement.

            "DISPUTE LETTER" has the meaning set forth in Section 3.7(d).

            "DRAG-ALONG SALE" has the meaning set forth in Section 3.8(a).

            "EFFECTIVE DATE" has the meaning set forth in the caption.

            "EMERGENCY FUNDING PARTICIPANTS" has the meaning set forth in
Section 3.5(f).

            "EXCLUDED INVESTORS" has the meaning set forth in Section 3.5(f).

            "EXCLUDED SECURITIES" means (i) Securities issued or to be issued to
employees, officers or directors of, or consultants or advisors to, the Company
or any of its Subsidiaries, pursuant to equity purchase or equity option plans
or other arrangements that are approved by the Board of Managers, (ii)
Securities issued in respect of or in exchange for Units by way of a dividend,
split or similar transaction, (iii) Securities issued upon exercise, conversion
or exchange of any Securities either previously issued or issued in accordance
with the terms of this Agreement, (iv) Securities issued to a financial
institution in connection with a debt financing of the Company and/or any of its
Subsidiaries approved by the Board of Managers, (v) Securities issued to the
seller or sellers of a business (provided such seller or sellers are not
Affiliates of the Company) in connection with the Company's (or its Affiliate's)
acquisition of such seller's or sellers' business approved by the Board of
Managers, whether such acquisition is in the form of a merger, consolidation,
asset purchase or other similar business combination, (vi) Securities issued in
connection with any recapitalization, merger, consolidation or reorganization by
the Company approved by the Board of Managers, (vii) Units issued in connection
with the consummation of the Aurora Transaction as contemplated by the Operating
Agreement, and (viii) Securities issued pursuant to the Aurora Merger Agreement
in connection with a post-closing adjustment under Article IV thereof or the
exchange by the JPMP Holder and the JWC Holder of Bondholder Trust Corresponding
Interests for Class A Units in connection with the expiration of the Indemnity
Agreement and Section 15.14 of the Aurora Merger Agreement.

            "FAIR MARKET VALUE" has the meaning set forth in Section 3.6(e).

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            "FEE AGREEMENTS" means the Management Agreement, dated as of
November 25, 2003, among Pinnacle Holding, J.W. Childs Associates, L.P. and J.P.
Morgan Partners, LLC and the Fee Agreement, dated as of November 25, 2003,
between Pinnacle Holding and CDM Capital LLC.

            "FIRST OFFER" has the meaning set forth in Section 3.3(a)(i).

            "FIRST OFFERED UNITS" has the meaning set forth in Section
3.3(a)(i).

            "FMV OBJECTION NOTICE" has the meaning set forth in Section 3.6(e).

            "FULL ALLOTMENT" has the meaning set forth in Section 3.3(a)(ii).

            "FULLY PARTICIPATING UNITS" means (i) any Class D Unit, if, as of
the date of determination (taking into account any transaction expected to occur
on the date of determination, including any adjustment to the Gross Asset Value
of the Company's assets pursuant to clause (b) of the definition of "Gross Asset
Value" expected to occur in connection therewith), the Capital Account balance
of such Class D Unit is equal to the Capital Account balance of a Class A Unit,
and (ii) any Class E Unit, if, as of the date of determination (taking into
account any transaction expected to occur on the date of determination,
including any adjustment to the Gross Asset Value of the Company's assets
pursuant to clause (b) of the definition of "Gross Asset Value" expected to
occur in connection therewith), the Capital Account balance of such Class E Unit
is equal to the Capital Account balance of a Class A Unit.

            "FUTURE MEMBER" has the meaning set forth in Section 3.1.

            "GOOD REASON" has the meaning ascribed to such term in the
applicable CDM Employment Agreement.

            "HIGH OFFER" has the meaning set forth in Section 3.3(b)(iii)(B).

            "INDEMNITY AGREEMENT" means the Indemnity Agreement dated as of the
date hereof, among the Company, Bondholder Trust and Aurora.

            "INDIRECT CO-SALE OFFEREE" has the meaning set forth in Section
3.4(b).

            "INDIRECT OFFER" has the meaning set forth in Section
3.3(b)(iii)(A).

            "INDIRECT OFFER ACCEPTANCE" has the meaning set forth in Section
3.3(b)(iii)(B).

            "INDIRECT OFFER PERIOD" has the meaning set forth in Section
3.3(b)(iii)(A).

            "INDIRECT OFFER REQUEST" has the meaning set forth in Section
3.3(b)(iii)(A).

            "INDIRECT OFFERED UNITS" has the meaning set forth in Section
3.3(b)(iii)(A).

            "INDIRECT OFFEREE" has the meaning set forth in Section
3.3(b)(iii)(A).

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            "INDIRECT OFFEROR" has the meaning set forth in Section 3.3(b).

            "INVESTOR OFFEREE" has the meaning set forth in Section 3.3(a)(ii).

            "INVESTORS" means the Persons designated on the signature pages
hereto as "Investors" and any Transferee of such Persons.

            "IPO LIQUIDATION" has the meaning set forth in Section 3.13(b).

            "JPMP HOLDER" means, collectively, (i) J.P. Morgan Partners (BHCA),
L.P., (ii) J.P. Morgan Partners Global Investors, L.P., (iii) J.P. Morgan
Partners Global Investors (Cayman), L.P., (iv) J.P. Morgan Partners Global
Investors (Cayman II), L.P., and (v) J.P. Morgan Partners Global Investors A,
L.P.

            "JPMP MANAGERS" has the meaning set forth in Section 2.1(b)(i).

            "JWC HOLDER" means any or all of J.W. Childs Equity Partners III,
L.P. and JWC Co-Invest Fund III, LLC.

            "JWC MANAGERS" has the meaning set forth in Section 2.1(b)(ii).

            "LEXINGTON HOLDER" means Co-Investment Partners, L.P.

            "MANAGEMENT MANAGER" has the meaning set forth in Section
2.1(b)(iii).

            "MEMBER ACCEPTANCE" has the meaning set forth in Section 3.3(a)(ii).

            "MEMBERS" means the Investors, the Other Members and any Future
Members.

            "METROPOULOS" mean C. Dean Metropoulos.

            "NEW UNITS" means all Securities of the Company other than Excluded
Securities.

            "OFFEREE" has the meaning set forth in Section 3.3(a).

            "OFFEROR" has the meaning set forth in Section 3.3(a).

            "OPERATING AGREEMENT" means the Operating Agreement of the Company,
dated as of the date hereof (as such agreement may be amended, waived,
supplemented or otherwise modified from time to time).

            "OPERATING BUDGET" has the meaning set forth in Section 3.11(e).

            "ORIGINAL AGREEMENT" has the meaning set forth in the caption.

            "OTHER MEMBER" means any party to this Agreement other than an
Investor or the Company.

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<PAGE>

      "PERMITTED EXCLUDED TRANSFER" means:

            (i)   in the case of any Member who is an individual, (a) a Transfer
of Units to a trust for the benefit of such Member's estate (including the
executor or personal representative of such estate, as applicable), or (b) a
Transfer of Units made for no consideration to any Affiliate of such Member;

            (ii)  in the case of any Member that is a partnership, (a) a
Transfer of Units to its limited, special and general partners as a bona fide
pro rata distribution by such partnership to all of its partners based on the
equity holdings of each and made in accordance with the organizational documents
of such partnership as in effect on the date hereof, (b) a Transfer of Units
made for no consideration to any Affiliate of such Member or for no
consideration (other than for bona fide services rendered or to be rendered) to
any employee or consultant of such Member or any of its Affiliates, or (c) a
Transfer of Units made to a controlled Affiliate (other than any portfolio
company of any pooled investment vehicle) in the event that such Member
reasonably determines that it has a Regulatory Problem (as defined in the
Regulatory Sideletter) or in connection with a bona fide reallocation or
transfer of Units to a fund managed by such Member's Affiliates, including by
means of participation, and in each case not for purposes of circumventing the
provisions of Section 3.3 or Section 3.4 with respect to such Transfer;

            (iii) in the case of any Member that is a corporation or a limited
liability company, (a) a Transfer of Units to its stockholders or members, as
the case may be, as a bona fide pro rata distribution by such corporation or
limited liability company to all of its stockholders or members, as the case may
be, based on the equity holdings of each and made in accordance with the
organizational documents of such corporation or limited liability company as in
effect on the date hereof, (b) a Transfer made for no consideration to any
Affiliate of such Member or for no consideration (other than for bona fide
services rendered or to be rendered) to any employee or consultant of such
Member or any of its Affiliates, or (c) a Transfer of Units made to a controlled
Affiliate (other than any portfolio company of any pooled investment vehicle) in
the event that such Member reasonably determines that it has a Regulatory
Problem or in connection with a bona fide reallocation or transfer of Units to a
fund managed by such Member's Affiliates, including by means of participation,
and in each case not for purposes of circumventing the provisions of Section 3.3
or Section 3.4 with respect to such Transfer;

            (iv)  in the case of any JPMP Holder, a Transfer of Units made to
any other JPMP Holder or the Transfer of Bondholder Trust Corresponding
Interests for Class A Units in connection with the expiration of the Indemnity
Agreement and Section 15.14 of the Aurora Merger Agreement;

            (v)   in the case of any JWC Holder, a Transfer of Units made to any
other JWC Holder or the Transfer of Bondholder Trust Corresponding Interests for
Class A Units in connection with the expiration of the Indemnity Agreement and
Section 15.14 of the Aurora Merger Agreement;

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<PAGE>

            (vi)  in the case of the CDM Holder, a Transfer of interests in the
CDM Holder by any member of the CDM Holder to any other member of the CDM Holder
or to any employee of the CDM Holder, the Company, Pinnacle Holding or any of
their direct or indirect Subsidiaries; provided that, after giving effect
thereto, Metropoulos and his Family Members and Family Vehicles collectively
hold not less than 66 2/3% of the membership interests in the CDM Holder; and

            (vii) with respect to Bondholder Trust (a) in the case of any Trust
Holder who is an individual, (x) a Transfer of Bondholder Trust Corresponding
Interests to a trust for the benefit of such Trust Holder's estate (including
the executor or personal representative of such estate, as applicable), or (y) a
Transfer of Bondholder Trust Corresponding Interests made for no consideration
to any Affiliate of such Trust Holder; (b) in the case of any Trust Holder that
is a partnership, (x) a Transfer of Bondholder Trust Corresponding Interests to
its limited, special and general partners as a bona fide pro rata distribution
by such partnership to all of its partners based on the equity holdings of each
and made in accordance with the organizational documents of such partnership as
in effect on the date hereof, (y) a Transfer of Bondholder Trust Corresponding
Interests made for no consideration to any Affiliate of such Trust Holder or for
no consideration (other than for bona fide services rendered or to be rendered)
to any employee or consultant of such Trust Holder or any of its Affiliates, or
(z) a Transfer of Bondholder Trust Corresponding Interests made to a controlled
Affiliate (other than any portfolio company of any pooled investment vehicle) in
connection with a bona fide reallocation or transfer of Bondholder Trust
Corresponding Interests to a fund managed by such Trust Holder's Affiliates,
including by means of participation, and in each case not for purposes of
circumventing the provisions of Section 3.3 with respect to such Transfer; (c)
in the case of any Trust Holder that is a corporation or a limited liability
company, (x) a Transfer of Bondholder Trust Corresponding Interests to its
stockholders or members, as the case may be, as a bona fide pro rata
distribution by such corporation or limited liability company to all of its
stockholders or members, as the case may be, based on the equity holdings of
each and made in accordance with the organizational documents of such
corporation or limited liability company as in effect on the date hereof, (y) a
Transfer made for no consideration to any Affiliate of such Trust Holder or for
no consideration (other than for bona fide services rendered or to be rendered)
to any employee or consultant of such Trust Holder or its Affiliates, or (z) a
Transfer of Bondholder Trust Corresponding Interests made to a controlled
Affiliate (other than any portfolio company of any pooled investment vehicle) in
connection with a bona fide reallocation or transfer of Bondholder Trust
Corresponding Interests to a fund managed by such Trust Holder's Affiliates,
including by means of participation, and in each case not for purposes of
circumventing the provisions of Section 3.3 with respect to such Transfer; (d) a
Transfer of Bondholder Trust Corresponding Interests that may be deemed to have
occurred pursuant to Section 4.03(c), Section 9.03(c) or Section 9.06 of the
Bondholder Trust Agreement; (e) a Transfer of Units held by Bondholder Trust
from the account of a Trust Holder to the account of any other Trust Holder
pursuant to the Bondholder Trust Agreement; or (f) a Transfer of Bondholder
Trust Corresponding Interests pursuant to Section 10.04 of the Bondholder Trust
Agreement.

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            Notwithstanding the foregoing, Bondholder Trust shall not be
permitted to make any direct Transfer of Units held by it to any other Person
except pursuant to Section 3.4 or Section 3.8 or pursuant to the Indemnity
Agreement.

            "PERMITTED EXCLUDED TRANSFEREE" means each Transferee of Units
pursuant to a Permitted Excluded Transfer.

            "PINNACLE" means Pinnacle Foods Corporation, a Delaware corporation.

            "PREEMPTIVE RIGHTS OFFER" has the meaning set forth in Section
3.5(a).

            "PREEMPTIVE RIGHTS NUMBER" has the meaning set forth in Section
3.5(b).

            "PREEMPTIVE RIGHTS PERIOD" has the meaning set forth in Section
3.5(a).

            "PROPOSED SALE NOTICE" has the meaning set forth in Section 3.7(a).

            "PRO RATA AMOUNT" means, with respect to any Member, the quotient
obtained by dividing (i) the number of Class A Units, Class B Units, Class C
Units and Fully Participating Units held by such Member by (ii) the aggregate
number of Class A Units, Class B Units, Class C Units and Fully Participating
Units held by all Members or class or type of Members (as applicable), assuming
in each case the conversion or exchange of all Securities of the Company by
their terms convertible into or exchangeable for Class A Units, Class B Units,
Class C Units and Fully Participating Units and the exercise of all vested and
"in the money" options to purchase or rights to subscribe for Class A Units,
Class B Units, Class C Units and Fully Participating Units (including warrants)
or such convertible or exchangeable securities. Notwithstanding the foregoing,
the Pro Rata Amount (based on the aggregate number of Class A Units, Class B
Units, Class C Units and Fully Participating Units held by all Members) of the
CDM Holder shall be deemed to be initially 8.8% on the Effective Date, subject
to adjustment for subsequent issuances and repurchases by the Company of Units
and Securities and subsequent acquisitions and dispositions of Units and
Securities of the Company by the CDM Holder.

            "PURCHASE NOTICE" has the meaning set forth in Section 3.5(b).

            "REFEREE" has the meaning set forth in Section 3.7(d).

            "REGISTRATION RIGHTS AGREEMENT" means the Registration Rights
Agreement dated as of the date hereof among Crunch Holding and the Members party
thereto.

            "REGULATORY SIDELETTER" has the meaning set forth in Section 3.9(a).

            "REPURCHASE EVENT" has the meaning set forth in Section 3.6(a).

            "REPURCHASE NOTICE" has the meaning set forth in Section 3.6(c).

            "REPURCHASE UNITS" has the meaning set forth in Section 3.6(a).

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            "REQUIRED IPO" has the meaning set forth in Section 3.13(a).

            "SECOND OFFER" has the meaning set forth in Section 3.3(a)(ii).

            "SECOND OFFERED UNITS" has the meaning set forth in Section
3.3(a)(ii).

            "SECURITIES" means, with respect to any Person, all equity interests
of such Person, all securities convertible into or exchangeable for equity
interests of such Person, and all options, warrants, and other rights to
purchase or otherwise acquire from such Person equity interests, including any
equity appreciation or similar rights, contractual or otherwise.

            "STRATEGIC PLAN" has the meaning set forth in Section 3.11(e).

            "SUBSIDIARY" means, with respect to any Person, any corporation,
association, partnership, limited liability company or other business entity of
which 50% or more of the total voting power of equity interests (including
partnership interests) entitled (without regard to the occurrence of any
contingency) to vote in the election of directors, managers, representatives or
trustees thereof is at the time owned or Controlled, directly or indirectly, by
(1) such Person, (2) such Person and one or more Subsidiaries of such Person, or
(3) one or more Subsidiaries of such Person.

            "TAG-ALONG NOTICE" has the meaning set forth in Section 3.4(a)(iii).

            "TERMINATION DATE" means the date of the consummation of a
Liquidation Event.

            "THIRD PARTY" means any Person that is not (i) the Company or any of
its Subsidiaries, (ii) an Affiliate of the Company or any of its Subsidiaries,
or (iii) a Permitted Excluded Transferee of any Member.

            "TRANSFER" means, as to any Security or asset (the "Subject
Property"), to sell, directly or indirectly, or in any other way, directly or
indirectly transfer, assign, gift, pledge, grant a security interest in,
distribute, encumber or otherwise dispose of (including, without limitation, the
foreclosure or other acquisition by any lender with respect to the Subject
Property pledged to such lender by the holder of the Subject Property), whether
directly or indirectly (including, without limitation, by means of a Transfer of
any Security issued by a Person that holds, directly or indirectly, an interest
in the Subject Property), such Subject Property, either voluntarily or
involuntarily and with or without consideration. For avoidance of doubt, changes
in ownership of any direct or indirect holder of Units shall be deemed to be a
Transfer of Units; provided that, such a change in ownership of a direct or
indirect holder of Units that also holds material assets other than its Units
shall not be deemed to constitute a Transfer of Units unless and until Control
of such Person becomes held by any other Person or group of Persons that did not
hold such Control immediately prior to such Transfer, whereupon a Transfer of
Units shall be deemed to have occurred.

            "TRANSFEREE" means any Person to whom a Member shall Transfer Units
in accordance with the terms of this Agreement.

                                       10
<PAGE>

            "TRUST HOLDER" means the holders of Bondholder Trust Corresponding
Interests.

            "UNITS" means all Units issued by the Company held at any time
during the term of this Agreement by any Investor or any Other Member and shall
also include any equity security issued in respect of or in exchange for Units,
whether by way of dividend or other distribution, split, recapitalization,
merger, rollup transaction, consolidation, conversion or reorganization.

                                   ARTICLE II

                        BOARD OF MANAGERS REPRESENTATION

2.1 BOARD OF MANAGERS REPRESENTATION.

            (a) The Company and the Members shall take all actions as may be
required to ensure that the number of Managers constituting the Board of
Managers shall be not less than seven (7) and not more than nine (9) subject to
decrease pursuant to Section 2.1(d) below.

            (b) Subject to Section 2.1(c) below:

                  (i) The JPMP Holder shall be entitled (A) if it and its
      Permitted Excluded Transferees hold (1) at least 80% of the Class A Units
      owned by the JPMP Holder on the Effective Date, to nominate, subject to
      Section 2.1(b)(v), three (3) individuals to the Board of Managers to serve
      as Managers, (2) less than 80% but more than 50% of the Class A Units
      owned by the JPMP Holder on the Effective Date, to nominate two (2)
      individuals to the Board of Managers to serve as Managers and (3) less
      than 50% but more than 25% of the Class A Units owned by the JPMP Holder
      on the Effective Date, to nominate one (1) individual to the Board of
      Managers to serve as a Manager (the Managers elected pursuant to the
      preceding clauses (A)(1), (A)(2) and (A)(3), the "JPMP Managers") until
      their respective successors are elected and qualified, (B) to nominate
      each successor to any JPMP Manager and (C) to direct the removal from the
      Board of Managers of any Manager nominated under the foregoing clauses (A)
      or (B); provided, however, that (x) the JPMP Holder shall have the power
      to irrevocably assign its rights in the foregoing clauses (A) through (C)
      to a Permitted Excluded Transferee of the JPMP Holder who becomes a Member
      and (y) the JPMP Holder assigns its right to nominate one individual to
      the Board of Managers to J.P. Morgan Partners Global Investors, L.P.
      immediately upon becoming a Member and execution of this Agreement. To the
      extent that the number of JPMP Managers exceeds the number of nominees
      that the JPMP Holder is entitled to appoint under this clause (b)(i), then
      the JPMP Holder shall cause each such excess JPMP Manager to resign
      promptly from the Board of Managers. The JPMP Managers shall initially be
      Steve Murray, Kevin O'Brien and Terry Peets, and one of such Managers
      shall serve specifically as a representative of J.P. Morgan Partners
      Global Investors, L.P.;

                  (ii) The JWC Holder shall be entitled (A) if it and its
      Permitted Excluded Transferees hold (1) at least 80% of the Class A Units
      owned by the JWC Holder on the Effective Date, to nominate, subject to
      Section 2.1(b)(v), three (3) individuals to the Board of Managers to serve
      as Managers, (2) less than 80% but more than 50% of the Class A

                                       11

<PAGE>

      Units owned by JWC Holder on the Effective Date, to nominate two (2)
      individuals to the Board of Managers to serve as Managers and (3) less
      than 50% but more than 25% of the Class A Units owned by JWC Holder on the
      Effective Date, to nominate one (1) individual to the Board of Managers to
      serve as a Manager (the Managers elected pursuant to the preceding clauses
      (A)(1), (A)(2) and (A)(3), the "JWC Managers") until their respective
      successors are elected and qualified, (B) to nominate each successor to
      any JWC Manager and (C) to direct the removal from the Board of Managers
      of any Manager nominated under the foregoing clauses (A) or (B). To the
      extent that the number of JWC Managers exceeds the number of nominees that
      the JWC Holder is entitled to appoint under this clause (b)(ii), then the
      JWC Holder shall cause each such excess JWC Manager to resign promptly
      from the Board of Managers. The JWC Managers shall initially be John
      Childs, Adam Suttin and Ray Rudy;

                  (iii) For so long as Metropoulos is the Chief Executive
      Officer of Aurora, he shall serve as a Manager on the Board of Managers
      (the "Management Manager"); provided, that if Metropoulos no longer is the
      Chief Executive Officer of Aurora, then Metropoulos shall promptly resign
      from the Board of Managers;

                  (iv) Bondholder Trust shall be entitled (A) if it holds (1) at
      least 15% of the Units issued and outstanding, to nominate two (2)
      individuals to the Board of Managers to serve as Managers and (2) less
      than 15% but more than 5% of the Units issued and outstanding, to nominate
      one (1) individual to the Board of Managers to serve as Manager (the
      Managers elected pursuant to the preceding clauses (A)(1) and (A)(2), the
      "Bondholder Managers") until their respective successors are elected and
      qualified, (B) to nominate each successor to any Bondholder Manager and
      (C) to direct the removal from the Board of Managers of any Manager
      nominated under the foregoing clauses (A) or (B). To the extent that the
      number of Bondholder Managers exceeds the number of nominees that
      Bondholder Trust is entitled to appoint under this clause (b)(iv), then
      Bondholder Trust shall cause such excess Bondholder Manager to resign
      promptly from the Board of Managers. The Bondholder Managers shall
      initially be Brett Wyard and David Jessick; and

                  (v) So long as the JPMP Holder is entitled to nominate three
      (3) JPMP Managers, the JPMP Holder shall consider for nomination as one
      (1) of such JPMP Managers a Person identified by Bondholder Trust, and in
      any event, such JPMP Manager shall be reasonably acceptable to Bondholder
      Trust. So long as the JWC Holder is entitled to nominate three (3) JWC
      Managers, the JWC Holder shall consider for nomination as one (1) of such
      JWC Managers a Person identified by Bondholder Trust, and in any event,
      such JWC Manager shall be reasonably acceptable to Bondholder Trust.

            (c) Each nomination or any proposal to remove from the Board of
Managers any Manager shall be made by delivering to the Board of Managers a
notice signed by the party or parties entitled to such nomination or proposal.
As promptly as practicable, but in any event within ten (10) days, after
delivery of such notice, the Company, the Board of Managers and the Members
shall take or cause to be taken such actions as may be reasonably required to
cause the election or removal proposed in such notice. Such actions may include
calling a meeting or

                                       12

<PAGE>

soliciting a written consent of the Board of Managers, or calling a meeting or
soliciting a written consent of the Members.

            (d) In each instance where the number of Managers to be nominated by
the JPMP Holder, the JWC Holder or Bondholder Trust is decreased in accordance
with Section 2.1(b), the Company, the Board of Managers and the Members shall
take or cause to be taken such limited liability company actions to decrease the
total number of Managers constituting the Board of Managers by an identical
number.

            (e) The rights of the JPMP Holder, the JWC Holder and Bondholder
Trust to nominate Managers pursuant to this Section 2.1 are transferable only to
a Permitted Excluded Transferee of Units held by such party.

            (f) During such time as a Bondholder Manager serves on the Board of
Managers, the prior approval of a majority of the Board of Managers and of
Bondholder Trust shall be required for the Company or any of its direct or
indirect Subsidiaries to amend or modify the Fee Agreements or enter into any
contract or agreement with any of its Affiliates, including without limitation,
employment matters with any CDM Executives and the issuance of any Securities to
the CDM Holder or any CDM Executive, other than (i) any such issuance pursuant
to the Operating Agreement or in connection with a Preemptive Rights Offer
pursuant to Section 3.5 and (ii) the payment of salaries to, and reimbursement
of expenses incurred by, the CDM Executives pursuant to the first proviso set
forth in Section 2.3(b).

2.2 VOTING.

      Each Member shall vote all Units held or controlled by such Member for the
election to the Board of Managers of all individuals nominated in accordance
with Section 2.1 and for the removal from the Board of Managers of all Managers
proposed to be removed in accordance with Section 2.1 and shall take all actions
required on its behalf to give effect to the agreements set forth in this
Article II. Each Member shall use all reasonable efforts to cause each Manager
originally nominated by such Member to vote for the election to the Board of
Managers of all individuals nominated in accordance with Section 2.1.

2.3 COMMITTEES; SUBSIDIARIES.

            (a) Each Member shall use all reasonable efforts to cause each
Manager originally nominated by such Member to take such limited liability
company actions as may be reasonably required to ensure that the board of
directors of Aurora has at all times a compensation committee and an audit
committee, comprised as follows:

                  (i) The compensation committee of Aurora (the "Compensation
      Committee") shall be comprised of at least three (3) directors, one (1) of
      which shall be a JPMP Manager (for so long as the JPMP Holder and its
      Permitted Excluded Transferees hold 25% or more of the Class A Units owned
      by the JPMP Holder on the Effective Date), one (1) of which shall be a JWC
      Manager (for so long as the JWC Holder and its Permitted Excluded
      Transferees hold 25% or more of the Class A Units owned by the

                                       13

<PAGE>

      JWC Holder on the Effective Date) and one (1) of which shall be the
      Management Manager.

                  (ii) The audit committee of Aurora (the "Audit Committee")
      shall be comprised of at least three (3) directors, one (1) of which shall
      be a JPMP Manager (for so long as the JPMP Holder and its Permitted
      Excluded Transferees hold 25% or more of the Class A Units owned by the
      JPMP Holder on the Effective Date), and one (1) of which shall be a JWC
      Manager (for so long as the JWC Holder and its Permitted Excluded
      Transferees hold 25% or more of the Class A Units owned by the JWC Holder
      on the Effective Date).

            (b) Subject to Section 2.5, a majority of the Compensation Committee
shall approve all changes in executive base compensation, the award of executive
bonuses and all option grants made by Aurora or any direct or indirect
Subsidiary of Aurora (including the vesting schedules with respect to such
option grants); provided, however, that, notwithstanding the foregoing and
notwithstanding the approval rights of the JPMP Managers and the JWC Managers
under Section 2.5 and the approval rights of the Board of Managers under Section
2.1(f), so long as Metropoulos is the Management Manager, he shall be entitled
(i) to determine the allocation of option grants representing up to 5% of the
equity interests of the Company or any direct or indirect Subsidiary of the
Company (provided that no such allocation shall be to the CDM Executives) and
(ii) to determine the payment of annual compensation to, and the reimbursement
of expenses for office space, furniture, supplies, administration,
telecommunications and other customary provisions and travel (including costs
with respect to airplane) incurred by, any of the CDM Executives (provided, that
Metropoulos shall not be entitled to determine the amount of his annual
compensation) in an amount not to exceed $8.0 million in any fiscal year (for
the avoidance of doubt, all "Annual Base Compensation" and "Other Benefits"
(each as defined in the applicable CDM Employment Agreement) paid to the CDM
Executives pursuant to the CDM Employment Agreements shall be included in such
amount); provided, further, that the Management Manager shall not be entitled to
vote as a member of the Compensation Committee or any equivalent committee of
the Company or its direct or indirect Subsidiaries on matters related to his or
her own compensation. The Audit Committee shall approve the engagement of the
auditors for Aurora and each of its direct and indirect Subsidiaries and approve
the audit prior to its issuance each year.

            (c) Each Member shall use all reasonable efforts to cause each
Manager originally nominated by such Member to take such limited liability
company actions as may be reasonably required to ensure that the Management
Manager is a member of all committees of the Board of Managers, except for any
audit committee.

            (d) The Company and each Member shall take, and each Member shall
use all reasonable efforts to cause each Manager originally nominated by such
Member to take, such limited liability company actions as may be reasonably
required to ensure that the composition of the board of managers or board of
directors (and each committee thereof), as applicable, of each of the direct and
indirect Subsidiaries of the Company (other than (i) Pinnacle Foods Brands
Corporation, the board of directors of which shall not include any JPMP Manager,
JWC Manager or Bondholder Manager, and (ii) any Subsidiaries organized in
Canada) is identical to the

                                       14

<PAGE>

composition of the Board of Managers (and each committee thereof, as
applicable); provided that, the composition of the board of directors or board
of managers of any Subsidiaries of Pinnacle Foods Corporation and of Sea Coast
Foods, Inc. may be smaller in number so long as such board of directors or board
of managers consists of Metropoulos (so long as he is the Management Member),
one (1) JPMP Manager, one (1) JWC Manager and one (1) Bondholder Manager;
provided further that, to the extent that any direct or indirect Subsidiary of
the Company has any securities listed on a national securities exchange or
Nasdaq, each of the JPMP Holder and the JWC Holder shall ensure that any JPMP
Manager or JWC Manager, as applicable, that is a member of the Audit Committee
shall meet the definition of "independent" as specified in Rule 10A-3 of the
Securities Exchange Act of 1934, as amended; and provided further that the Audit
Committee and Compensation Committee of Aurora shall be as provided in Section
2.3(a) hereof, and the composition of any audit committee or compensation
committee of the Board of Managers of the Company, or board of managers or board
of directors of any other direct or indirect Subsidiary of the Company (other
than any Subsidiaries of Pinnacle Foods Corporation or Sea Coast Foods, Inc.,
which Subsidiaries shall not have any such committees) shall be identical to the
composition of the Audit Committee and Compensation Committee of Aurora.

2.4 MEETINGS; EXPENSES; COMPENSATION.

            (a) The Company shall convene meetings of the Board of Managers at
least once every three (3) months. Upon any failure by the Company to convene
any meeting required by this paragraph, any JPMP Manager, any JWC Manager, any
Bondholder Manager or the Management Manager shall be empowered to convene such
meeting.

            (b) The Company (or its designee) shall reimburse each Manager for
his or her reasonable out-of-pocket expenses (including up to first-class
travel) incurred in connection with attending the meetings of the Board of
Managers or any board of managers or board of directors, as applicable, of the
Company's Subsidiaries and any committee thereof or the performance of his or
her duties, in each case upon presentation of appropriate documentation
therefor.

2.5 PROTECTIVE PROVISIONS.

            (a) Subject to the first proviso set forth in Section 2.3(b), the
Company shall not take any of the following actions without the prior approval
of: (A) for as long as the JPMP Holder and its Permitted Excluded Transferees
hold at least 25% of the Class A Units owned by the JPMP Holder on the Effective
Date, the JPMP Managers; and (B) for as long as the JWC Holder and its Permitted
Excluded Transferees hold at least 25% of the Class A Units owned by the JWC
Holder on the Effective Date, the JWC Managers:

                  (i) Terminate or materially change the duties of the
      President, Chief Executive Officer, Chief Operating Officer, Chief
      Information Officer, Chief Financial Officer, any Senior Vice President or
      any other member of senior management, amend or revise the terms of any
      employment agreements with any such officer or senior manager, or, subject
      to Section 2.3(a), make any decisions in respect of compensation of any
      such officer or senior manager, including the issuance of options or
      granting of options, or, if

                                       15

<PAGE>

      such officer is terminated in accordance with this Section 2.5(a), hire
      a replacement for such officer;

                  (ii) Approve or amend the Operating Budget or Strategic Plan;

                  (iii) Incur any Indebtedness outside of the ordinary course of
      business that is not included in the Operating Budget;

                  (iv) Enter into any agreement to acquire either substantially
      all of the assets or a controlling interest in the capital stock of any
      other entity (whether by way of asset purchase, stock purchase, merger or
      otherwise);

                  (v) Unless otherwise included in the Operating Budget, dispose
      of assets (whether by asset sale, stock sale, merger or otherwise), either
      in a single transaction or a series of related transactions, in excess of
      $5 million;

                  (vi) Unless otherwise included in the Operating Budget, make
      any investment or make any capital expenditure, in each case in excess of
      $3 million in the aggregate in any one fiscal year;

                  (vii) Enter into any contract or agreement with any of its
      Affiliates, including, without limitation, for the sale or repurchase of
      any Securities other than (A) any contract or agreement existing on or
      prior to the date of this Agreement, or (B) repurchase rights existing on
      or prior to the date of this Agreement (including the Fee Agreements);

                  (viii) Effect any changes in the strategic direction of lines
      of business of the Company not specified in the Strategic Plan delivered
      in accordance with Section 3.11(e);

                  (ix) Authorize, issue or sell Interests or capital stock of
      the Company, other than (A) Interests or capital stock issued upon
      exercise, conversion or exchange of any Securities either previously
      issued or issued in accordance with the terms of this Agreement or (B) the
      issuance of Interests or capital stock contemplated by the Operating
      Agreement;

                  (x) Make distributions, pay dividends or redeem or repurchase
      Interests or capital stock, except as provided in Sections 3.3, 3.6 or 3.7
      below or in Section 12(b)(iv) of the Operating Agreement;

                  (xi) Amend the terms of any of the Company's governance
      documents (including the Operating Agreement, the Bylaws and this
      Agreement, including this Section 2.5);

                  (xii) Reorganize, exchange Interests or other Securities of
      the Company, dissolve, liquidate or engage in other similar transactions;

                  (xiii) Make a change in the accounting year, taxable year,
      accountants or accounting practices (unless specifically required by
      Applicable Law or by GAAP);

                                       16

<PAGE>

                  (xiv) Establish committees of the Board of Managers (other
      than a Compensation Committee or an Audit Committee as provided in Section
      2.3(a)) or board of directors, as the case may be; or

                  (xv) Agree to take any of the foregoing actions, whether
      orally or in writing.

            The Company shall not permit any direct or indirect Subsidiary of
the Company to take any of the foregoing actions set forth in this Section
2.5(a) (with all references to the Company deemed to be references to such
Subsidiary) without the prior approval of the JPMP Managers and/or the JWC
Managers as set forth in Section 2.5(a) above.

            (b) Notwithstanding anything to the contrary contained in Section
2.5(a), subject to Section 3.7, the written consent of the JPMP Holder, the JWC
Holder and the CDM Holder shall be required to effect a Pinnacle Sale, a Sale of
the Company, a dissolution of the Company or a Drag-Along Sale.

            (c) Without the prior written approval of the CDM Holder, the
Company shall not (i) amend the terms of the Class B Units, Class C Units, Class
D Units or Class E Units, (ii) effect any other amendment, modification or
waiver of this Agreement, the Operating Agreement or the Bylaws that would
adversely affect the CDM Holder in a manner different from any other Member or
(iii) effect an IPO Liquidation, unless the CDM Holder would receive Crunch
Holding Shares in such IPO Liquidation having a value (based on the price per
share offered in the initial public offering thereof less an illiquidity
discount) of at least $10,750,000 (less any proceeds actually received upon the
prior Transfer of Units held by the CDM Holder).

            (d) So long as Bondholder Trust holds at least 5% of the Units
issued and outstanding, without the prior written approval of Bondholder Trust,
the Company shall not effect any amendment, modification or waiver of this
Agreement, the Operating Agreement or the Bylaws.

                                  ARTICLE III

                         CERTAIN MATTERS AFFECTING UNITS

3.1 FUTURE MEMBERS.

      The Company shall require each Person (including each Permitted Excluded
Transferee) that acquires Securities of the Company after the date of this
Agreement (a "Future Member"), as a condition to the effectiveness of such
acquisition or Transfer, to execute a counterpart to this Agreement, agreeing to
be treated as (i) an Investor, if such Person acquires such Securities from an
Investor or is already an Investor, or (ii) an Other Member, if such Person
acquires such Securities from an Other Member or acquires Securities directly
from the Company, whereupon such Person shall be bound by, and entitled to the
benefits of, the provisions of this Agreement relating to Investors or Other
Members, as the case may be.

                                       17

<PAGE>

3.2 LIMITATIONS ON TRANSFERS.

            (a) No Transfer of any Units by any Member (other than a Transfer of
Bondholder Trust Corresponding Interests) shall become effective (i) unless
prior written notice thereof has been delivered to the Company, (ii) unless such
Transfer complies with this Article III and (iii) unless and until the
Transferee (unless already party to this Agreement) executes and delivers to the
Company a counterpart to this Agreement, agreeing to be treated in the same
manner as the Transferring Member (i.e., as either an Investor or an Other
Member). Upon such Transfer and such execution and delivery, the Transferee
shall be bound by, and entitled to the benefits of, this Agreement with respect
to the Transferred Units in the same manner as the Transferring Member.
Notwithstanding the provisions of this Article III: (i) no Units may be
Transferred to a competitor of the Company, as determined by the Board of
Managers, unless a majority in interest of Members (excluding the transferring
Member and its Affiliates) consent to such Transfer; (ii) no Units may be
Transferred if any such Transfer violates Applicable Law or any of the terms and
conditions of this Agreement, the Bylaws, the Operating Agreement or any of the
financing documents of the Company, Pinnacle or Aurora; (iii) until after the
second anniversary date of the Effective Date (as defined in the Original
Agreement), no Units owned by the CDM Holder shall be Transferred to any Person
other than a Permitted Excluded Transferee, except in accordance with Section
3.4, Section 3.6 or Section 3.7 or in connection with a Sale of the Company or
other transaction approved pursuant to Section 2.5 above; (iv) no Member shall
Transfer any Class C Unit, Class D Unit or Class E Unit to any Person other than
a Permitted Excluded Transferee, except in accordance with Section 3.4, Section
3.6 or Section 3.7 or in connection with a Sale of the Company or other
transaction approved pursuant to Section 2.5 above; and (v) no direct Transfer
of Class A Units shall be made by Bondholder Trust to any Person except in
accordance with Section 3.4 or Section 3.8 or pursuant to the Indemnity
Agreement (it being understood that the only Transfers permitted, subject to the
terms of this Agreement, are Transfers of interests in Bondholder Trust). Any
attempted Transfer of Units by any Member not in accordance with this Section
3.2 shall not be effective and shall be void.

            (b) In any event, a Transfer (other than a Transfer of Bondholder
Trust Corresponding Interests) shall not be permitted unless the Board of
Managers shall have determined in its sole discretion, that such proposed
Transfer, alone or together with other Transfers, does not create a material
risk that (i) the Company will be treated as a corporation for Federal income
tax purposes or (ii) the Company will become subject to Section 12(g) of the
Securities Exchange Act of 1934, and, upon reasonable request of the Board of
Managers, such Member proposing the Transfer shall have delivered to the Board
of Managers an opinion of counsel, in form and substance reasonably satisfactory
to the Board of Managers, that such transaction complies with the condition set
forth in this Section 3.2(b); provided, that the Board of Managers in its sole
discretion may waive the opinion required by this Section 3.2(b) if it has a
reasonable basis on which to conclude that the requirements set forth above, as
to which the opinion is waived, are or will be satisfied. The Board of Managers
may also request officer certificates and representations and warranties from
the Transferee and Transferor as to the matters set forth above and such other
factual matters as the Board of Managers may reasonably request.

                                       18

<PAGE>

            (c) In order to give effect to the provisions of this Agreement,
including, without limitation, this Article III, each of the CDM Holder and
Bondholder Trust agrees that:

                  (i) Its capital structure shall at all times, to the extent
      practicable, replicate the number and type of Units of the Company it
      holds, such that the number and type of Securities issued by it and
      outstanding at any time shall be substantially similar, in all material
      respects, to the number and type of Units it holds at such time (such
      corresponding ownership interests in the CDM Holder being referred to as
      the "CDM Corresponding Interests" and such corresponding ownership
      interests in Bondholder Trust being referred to as the "Bondholder Trust
      Corresponding Interests").

                  (ii) It shall incur no indebtedness, hold no material assets
      other than the Units and issue no additional membership interests (other
      than in connection with the funding of claims pursuant to the Indemnity
      Agreement, capital calls on the holders of Bondholder Trust Corresponding
      Interests, changes to the capital structure of the Company or Transfers or
      other transactions permitted under this Agreement) without the prior
      written consent of the JPMP Holder and the JWC Holder.

                  (iii) It shall not amend its governing instruments in a manner
      that would adversely affect the rights of any other Member under this
      Agreement in a manner different from the CDM Holder or Bondholder Trust,
      as applicable, without the prior written consent of the JPMP Holder and
      the JWC Holder.

                  (iv) It shall be organized and operated so as to be classified
      as a business entity, within the meaning of Treas. Reg. Section
      301.7701-2(a).

            (d) Each Member shall prohibit, and agrees not to recognize on its
books, any Transfers, including, without limitation, any indirect Transfers of
Units, in violation of the provisions of this Agreement. Any attempted Transfer
not in accordance with this Section 3.2(d) shall not be effective and shall be
void. In order to give effect to the foregoing, each of the CDM Holder and
Bondholder Trust shall require each member of such Person, as a condition to
admission as a member, to acknowledge and agree in writing that such member has
been informed of the restrictions on Transfer in this Agreement and has agreed
to comply with such restrictions in all respects.

3.3 RIGHT OF FIRST REFUSAL/RIGHT OF FIRST OFFER.

            (a) If any Member (each, an "Offeror") proposes to Transfer any
Class A Units or Class B Units, as the case may be, to any Person (the
"Offeree"), other than in connection with a Permitted Excluded Transfer, the
parties hereto shall comply with the following procedures:

                  (i) The Offeror shall, before such Transfer, deliver to the
      Company a written offer (the "First Offer") to Transfer to the Company
      such Units upon the terms set forth in this Section 3.3(a), including (A)
      the type and number of Units to which the First Offer relates (the "First
      Offered Units") and the name of the Offeror, (B) the name and address of
      the proposed Offeree, (C) the proposed amount and type of consideration
      (including, if the consideration consists in whole or in part of non-cash
      consideration, such

                                       19

<PAGE>

      information available to the Offeror as may be reasonably necessary for
      the Company and the Investors to properly analyze the economic value and
      investment risk of such non-cash consideration) and the terms and
      conditions of payment that the Offeror intends to accept. The First Offer
      shall remain open and irrevocable for a period of ten (10) Business Days
      from the date of its receipt by the Company. The Company shall have the
      right and option to notify the Offeror, in a writing (the "Company
      Acceptance") delivered within ten (10) Business Days of its receipt of the
      First Offer, of its intent to purchase all or any portion of the First
      Offered Units at the purchase price and on the terms and conditions stated
      in the First Offer.

                  (ii) If the Company elects to purchase none or less than all
      of the First Offered Units or does not deliver a timely Company
      Acceptance, the Offeror shall deliver the First Offer, revised to take
      into account any First Offered Units which the Company has elected to
      purchase pursuant to a Company Acceptance (as so revised, the "Second
      Offer" and, the type and number of Units to which the Second Offer
      relates, the "Second Offered Units") to the Investors (other than the
      Offeror or Bondholder Trust) (the "Investor Offerees"). Any Investor
      Offeree may accept the Second Offer in whole or in part and purchase up to
      its Pro Rata Amount (based on the aggregate number of Class A Units, Class
      B Units, Class C Units and Fully Participating Units held by all Investor
      Offerees) of all Second Offered Units (with respect to each Investor
      Offeree, its "Full Allotment") by delivering to the Offeror a notice (the
      "Member Acceptance") in writing within ten (10) Business Days of its
      receipt of the Second Offer (the "Acceptance Period"). Each Investor
      Offeree purchasing its Full Allotment may also offer to purchase its Pro
      Rata Amount (based on the aggregate number of Class A Units, Class B
      Units, Class C Units and Fully Participating Units held by all Investor
      Offerees purchasing their Full Allotments) of any Second Offered Units not
      so purchased by any other Investor Offeree.

                  (iii) Within 30 days of receipt of the First Offer, the
      Offeror shall Transfer to the Company or the Investor Offerees, as the
      case may be, against receipt of payment in cash therefor, all First
      Offered Units and Second Offered Units as to which a Company Acceptance or
      Member Acceptance has been timely given. If the proposed consideration by
      the Offeree includes consideration other than cash, the cash equivalent
      value of the non-cash consideration will be determined by the Board of
      Managers in good faith, which determination will be binding upon the
      Company, the Offeror and each Investor Offeree, absent fraud or error.
      Delivery of certificates or other instruments evidencing such First
      Offered Units and Second Offered Units duly endorsed for transfer and free
      and clear of all liens, claims and other encumbrances (other than those
      arising hereunder and those attributable to actions by the purchasers
      thereof) shall be made on such date against payment in cash of the
      purchase price therefor. At such closing, all of the parties to the
      transaction shall execute such additional documents as are otherwise
      necessary or appropriate.

                  (iv) Thereafter, the Offeror may Transfer to the Offeree any
      or all of the First Offered Units and Second Offered Units not purchased
      by the Company or the Investor Offerees, on terms and conditions no more
      favorable to the Offeree than are

                                       20

<PAGE>

      described in the First Offer, within 90 days after expiration of the
      Acceptance Period (during which time the Offeror shall ensure that
      compliance with Section 3.4 has occurred). If such Transfer is not made
      within such 90-day period, the provisions of this Section 3.3 shall again
      become effective with respect to the proposed Transfer.

            (b) If any member of the CDM Holder or Bondholder Trust (each such
member, an "Indirect Offeror") proposes to Transfer to any Person, other than in
connection with a Permitted Excluded Transfer, any CDM Corresponding Interests
or Bondholder Trust Corresponding Interests, as applicable, then such Transfer
shall be made in compliance with this Agreement and the parties hereto shall
comply with the following procedures:

                  (i) If the Indirect Offeror is a holder of Indirect Units in
      the CDM Holder other than Metropoulos, then the CDM Holder and Metropoulos
      first shall have a right of first refusal with respect to the Transfer of
      such CDM Corresponding Interests as provided in the CDM Holder Agreement.

                  (ii) If the Indirect Offeror (A) is Metropoulos or (B) is a
      holder of Indirect Units in the CDM Holder other than Metropoulos and the
      CDM Holder and Metropoulos have not elected to acquire all of the CDM
      Corresponding Interests pursuant to their rights of first refusal in the
      CDM Holder Agreement, then the CDM Holder shall comply with Section 3.3
      hereof and shall offer to the Company and each Investor Offeree in the
      manner therein provided the opportunity to acquire a number and type of
      Units that correspond to the CDM Corresponding Interests remaining unsold
      in the offer to the CDM Holder and Metropoulos (and to the extent such
      Units are so acquired by the Company or an Investor Offeree, promptly use
      the proceeds therefrom to redeem the related CDM Corresponding Interests).
      Thereafter, such Indirect Offeror may Transfer any or all of the CDM
      Corresponding Interests that were not purchased by the CDM Holder or
      Metropoulos or that correspond to Units not purchased by the Company or
      the Investor Offerees, on terms and conditions no more favorable to the
      Offeree than are described in the First Offer and otherwise as provided in
      Section 3.3(a)(iv) above.

                  (iii) If the Indirect Offeror is a holder of Bondholder Trust
      Corresponding Interests, then the Indirect Offeror shall comply with the
      following right of first offer (rather than right of first refusal)
      procedures:

                        (A) The Indirect Offeror shall, before such Transfer,
            deliver to the Company and the Investors (other than Bondholder
            Trust) (the "Indirect Offerees") a written request for an offer (the
            "Indirect Offer Request") to purchase the Bondholder Trust
            Corresponding Interests that the Indirect Offeror proposes to
            Transfer (the "Indirect Offered Units"). Each Indirect Offeree shall
            have the right and option to notify the Indirect Offeror, in a
            writing (the "Indirect Offer") delivered within three (3) Business
            Days after the date of its receipt of the Indirect Offer, of its
            offer to purchase all, but not less than all, of the Indirect
            Offered Units at the cash purchase price and on the terms and
            conditions stated in the Indirect Offer. Each Indirect Offer shall
            remain open and irrevocable for a period of five (5) Business Days
            from the date of its receipt by the Indirect Offeror (the "Indirect
            Offer Period").

                                       21

<PAGE>

                        (B) If one or more Indirect Offers have been timely
            received, then the Indirect Offeror shall have the right and option
            to accept the Indirect Offer containing the highest offered purchase
            price and/or most favorable other terms and conditions, as
            determined by the Indirect Offeror in good faith (the "High Offer"),
            which may reflect discussions between the Indirect Offeree and the
            Indirect Offeror, by so notifying the applicable Indirect Offeree in
            a writing (the "Indirect Offer Acceptance"), with copies to the
            Company and Bondholder Trust, delivered prior to the expiration of
            the Indirect Offer Period; provided, that if more than one Indirect
            Offer offers the same purchase price and other terms and conditions
            and each such offer is a High Offer, then the Indirect Offeror, if
            choosing to accept any Indirect Offer, shall accept any High Offer
            made by the Company, and, if no High Offer has been made by the
            Company, shall have the right and option to accept any of the High
            Offers.

                        (C) Within 15 days of receipt by Bondholder Trust of the
            copy of the Indirect Offer Acceptance and in lieu of the Indirect
            Offeror Transferring the Indirect Offered Units, Bondholder Trust
            shall Transfer to the Company or the other Indirect Offeree, as the
            case may be, against receipt of payment therefor, Units of the
            Company in an amount and of the type corresponding to the Indirect
            Offered Units that the Company or the other Indirect Offeree agreed
            to purchase. Delivery of certificates or other instruments
            evidencing Units of the Company in an amount and of the type
            corresponding to the Indirect Offered Units duly endorsed for
            transfer and free and clear of all liens, claims and other
            encumbrances (other than those arising hereunder and those
            attributable to actions by the purchasers thereof) shall be made on
            such date against payment in cash of the purchase price therefor. At
            such closing, all of the parties to the transaction shall execute
            such additional documents as are otherwise necessary or appropriate.
            Bondholder Trust shall promptly use the proceeds received by it at
            such closing to redeem the Indirect Offered Units.

                        (D) If an Indirect Offer has not been timely delivered,
            or if an Indirect Offer Acceptance has not been timely delivered,
            then the Indirect Offeror may Transfer to any Person all, but not
            less than all, of the Bondholder Trust Corresponding Interests that
            were subject to the Indirect Offer Request on terms and conditions
            no more favorable to such Person than are described in a timely
            received Indirect Offer (or, if more than one, in the High Offer),
            for a period of 60 days after expiration of the Indirect Offer
            Period. If such Transfer is not made within such 60-day period, the
            provisions of this Section 3.3(b)(iii) shall again become
            effective with respect to the proposed Transfer.

            (c) For purposes of this Section 3.3, each Investor may aggregate
his, her or its Pro Rata Amount among his, her or its Permitted Excluded
Transferees that are Investors to the extent that such Permitted Excluded
Transferees do not elect to purchase their respective Pro Rata Amounts.

                                       22

<PAGE>

3.4 CO-SALE RIGHTS.

            (a) If any Member (other than Bondholder Trust) (each, a "Co-Sale
Offeree") receives an offer to Transfer (other than a Permitted Excluded
Transfer) any Class A Units or Class B Units, as the case may be, to any Person
(the "Co-Sale Offeror"), the parties hereto shall comply with the following
procedures:

                  (i) The Co-Sale Offeree shall, at least twenty (20) Business
      Days before such Transfer, deliver a written notice (the "Co-Sale Notice")
      to the Co-Sale Rightholders that sets forth substantially the same
      information as the First Offer in Section 3.3(a)(i) above; provided,
      however, that such Co-Sale Notice shall indicate that the Co-Sale Offeror
      has been informed of the co-sale rights provided for in this Section 3.4
      and has agreed to purchase Class A Units, Class B Units, Class C Units and
      Fully Participating Units (the "Co-Sale Units") from the Co-Sale
      Rightholders in accordance with the terms hereof. A Co-Sale Offeree shall
      be deemed to satisfy the requirement to deliver a Co-Sale Notice if it has
      delivered a First Offer in accordance with Section 3.3(a)(i) (with a copy
      to Bondholder Trust) with respect to such offer to Transfer and such First
      Offer contains the information otherwise required to be set forth in such
      Co-Sale Notice, and in such case all references to the Co-Sale Notice
      shall be deemed to refer to such First Offer.

                  (ii) The Co-Sale Offeree shall not Transfer any Units to the
      Co-Sale Offeror unless each of the Co-Sale Rightholders is permitted to
      Transfer simultaneously therewith, (A) in the event the proposed purchase
      price per Unit offered by the Co-Sale Offeror exceeds $1,000 per Unit (as
      adjusted for splits, combinations, reclassifications and the like), a
      number of Co-Sale Units equal to its Pro Rata Amount (based upon the
      aggregate number of Class A Units, Class B Units, Class C Units and Fully
      Participating Units outstanding at such time and held by the Co-Sale
      Offeree and all Co-Sale Rightholders) of the aggregate number of Units to
      which the offer to the Co-Sale Offeree relates and on the same terms and
      conditions (including price), and (B) in the event the proposed purchase
      price per Unit offered by the Co-Sale Offeror does not exceed $1,000 per
      Unit (as adjusted for splits, combinations, reclassification and the
      like), a number of Co-Sale Units representing its Pro Rata Amount (based
      upon the aggregate number of Class A Units, Class B Units and Class C
      Units outstanding at such time and held by the Co-Sale Offeree and all
      Co-Sale Rightholders) of the aggregate purchase price offered to be paid
      by the Co-Sale Offeror for the Units to which the offer to the Co-Sale
      Offeree relates, as specified in the Co-Sale Notice, and otherwise on the
      same terms and conditions. If the proposed purchase price per Unit offered
      by the Co-Sale Offeror does not exceed $1,000 per Unit (as adjusted for
      splits, combinations, reclassifications and the like), then the Company
      shall promptly engage the Appraiser to determine the fair market value of
      the Class B Units and the Class C Units (based upon a hypothetical
      liquidation of the Company at such time in accordance with Section 18 of
      the Operating Agreement and without giving effect to any minority or
      illiquidity discounts) in order that the parties may determine the number
      of Co-Sale Units entitled to be sold by each Co-Sale Rightholder in
      respect of its Pro Rata Amount of the aggregate purchase price offered to
      be paid by the Co-Sale Offeror. The Company shall use commercially
      reasonable efforts to cause the Appraiser to provide written notice of
      such determination of the fair market value to the

                                       23

<PAGE>

      Company, the Co-Sale Offeree and the Co-Sale Rightholders within 15 days
      of its engagement. The determination by the Appraiser of such fair market
      value, as set forth in the written notice described in the preceding
      sentence, will be final, binding and conclusive on the parties. The fees,
      costs and expenses of the Appraiser shall be paid by the Company.

                  (iii) Within the later of (A) thirty (30) days after delivery
      of the Co-Sale Notice and (B) thirty (30) days after delivery by the
      Appraiser of the written notice setting forth the fair market value
      determination described in Section 3.4(a)(ii), each Co-Sale Rightholder
      may elect to participate in the proposed Transfer by delivering to the
      Co-Sale Offeree a notice (the "Tag-Along Notice") specifying the type and
      number of Co-Sale Units (up to his, her or its Pro Rata Amount, as
      determined in accordance with Section 3.4(a)(ii) above) with respect to
      which such Co-Sale Rightholder shall exercise his, her or its rights under
      this Section 3.4, and the number of Units to be Transferred to the Co-Sale
      Offeror by the Co-Sale Offeree shall be reduced accordingly.

                  (iv) Any Co-Sale Units requested to be included in any
      Tag-Along Notice shall be Transferred at the same time on the same terms
      and conditions (including price) as are set forth in the Co-Sale Notice,
      subject to any difference in the purchase price per Class A Unit and the
      purchase price per Class B Unit and the purchase price per Class C Unit
      determined by the Appraiser as provided above. If such Transfer is not
      made within 90 days from delivery of the Co-Sale Notice, the provisions of
      this Article III shall again become effective with respect to the proposed
      Transfer.

            (b) If any member of the CDM Holder (each such member, an "Indirect
Co-Sale Offeree") receives an offer to Transfer (other than a Permitted Excluded
Transfer) to any Person any CDM Corresponding Interests, then such Transfer
shall be made in compliance with this Agreement and the CDM Holder shall require
that, prior to such Transfer, such Indirect Co-Sale Offeree shall comply in all
respects with the provisions set forth in this Section 3.4 as if such Indirect
Co-Sale Offeree was proposing to Transfer Units of the Company, corresponding
and equal in number to the CDM Corresponding Interests proposed to be
Transferred. Any Co-Sale Rightholders electing to exercise their co-sale rights
with respect thereto shall be entitled to Transfer to such Third Party the
number of Class A Units, Class B Units, Class C Units and/or Fully Participating
Units, as applicable, that such Co-Sale Rightholder has elected to Transfer
pursuant to this Section 3.4, and the number of CDM Corresponding Interests to
be Transferred by the Indirect Co-Sale Offeree shall be reduced accordingly.

            (c) As used herein, the term "Co-Sale Rightholder" means the
Investors (other than the Co-Sale Offeree) holding Class A Units, Class B Units,
Class C Units and/or Fully Participating Units.

            (d) The Co-Sale Offeree shall, in addition to complying with the
provisions of this Section 3.4, comply with the other provisions of this Article
III (it being understood that the notice contemplated by Section 3.3(a)(i) and
the Co-Sale Notice contemplated by this Section 3.4 may be included in a single
notice).

                                       24

<PAGE>

            (e) For purposes of this Section 3.4, each Co-Sale Rightholder may
aggregate his, her or its Pro Rata Amount among his, her or its Permitted
Excluded Transferees that are Co-Sale Rightholders to the extent that such
Permitted Excluded Transferees do not elect to sell their respective Pro Rata
Amounts.

3.5 PREEMPTIVE RIGHTS.

            (a) If the Company proposes to offer New Units to any Person, the
Company shall, prior to issuing any New Units, deliver to the Investors a
written offer (the "Preemptive Rights Offer") to issue to the Investors such New
Units to maintain their respective Pro Rata Amounts at a price per New Unit, in
cash, equal to the fair market value thereof as determined in good faith by the
Board of Managers and otherwise upon the terms and conditions set forth in this
Section 3.5. The Preemptive Rights Offer shall state that the Company proposes
to issue New Units and specify their number, type and terms (including the
purchase price per New Unit, which shall equal the fair market value thereof as
determined in good faith by the Board of Managers). If the New Units are to be
offered for property other than cash, the Board of Managers shall make a good
faith determination of the fair market value of the property proposed to be
received for the New Units and such determination shall constitute the price at
which such New Units will be offered for purposes of the Preemptive Rights Offer
and this Section 3.5. The Preemptive Rights Offer shall remain open and
irrevocable for a period of twenty (20) Business Days (the "Preemptive Rights
Period") from the date of its delivery. The Company and Bondholder Trust shall
take all reasonable steps necessary to ensure that the issuance of New Units
pursuant to such Preemptive Rights Offer will be exempt from registration under
the Securities Act of 1933, as amended, including without limitation the
appointment, at the Company's expense, of a "purchaser's representative"
pursuant to Regulation D under the Securities Act of 1933, as amended.

            (b) Each Investor may accept the Preemptive Rights Offer by
delivering to the Company a written notice (the "Purchase Notice") within the
Preemptive Rights Period. The Purchase Notice shall state the number (the
"Preemptive Rights Number") of New Units such Investor desires to purchase. If
the sum of all Preemptive Rights Numbers exceeds the number of New Units that
the Company proposes to issue, the New Units shall be allocated among the
Investors that delivered a Purchase Notice in accordance with their respective
Pro Rata Amounts (based on the aggregate number of Class A Units, Class B Units,
Class C Units and Fully Participating Units held by all such participating
Investors).

            (c) The issuance of New Units (against receipt of payment in cash
therefor) to the Investors who delivered a Purchase Notice shall be made on a
Business Day, as designated by the Company, not less than ten (10) and not more
than thirty (30) days after expiration of the Preemptive Rights Period on terms
and conditions of the Preemptive Rights Offer consistent with this Section 3.5.
At the closing of the issuance of the New Units to such Investors, the Company
shall deliver certificates or other instruments evidencing such New Units
against payment in cash of the purchase price therefor, and such New Units shall
be issued free and clear of all liens, claims and other encumbrances (other than
those arising hereunder and those attributable to actions by the purchasers
thereof). At such closing, all of the parties to the transaction shall execute
such additional documents as are otherwise necessary or appropriate.

                                       25

<PAGE>

            (d) If the number of New Units included in the Preemptive Rights
Offer exceeds the sum of all Preemptive Rights Numbers, the Company may issue
(against receipt of payment therefor) such excess or any portion thereof on the
terms and conditions of the Preemptive Rights Offer to any Person within 90 days
after expiration of the Preemptive Rights Period. If such issuance is not made
within such 90-day period, the restrictions provided for in this Section 3.5
shall again become effective.

            (e) For purposes of this Section 3.5, each Investor may aggregate
his, her or its Pro Rata Amount among his, her or its Permitted Excluded
Transferees that are Investors to the extent that such Permitted Excluded
Transferees do not elect to purchase their respective Pro Rata Amounts.

            (f) If the Company determines in good faith that the delay
occasioned by complying with the procedures contemplated by this Section 3.5
would be prejudicial to the Company or its financial condition or business and
operations, then the Company may issue and sell the New Units without first
offering the New Units to the Investors in compliance with Section 3.5. If the
Company so elects to issue New Units under this Section 3.5(f), then the Company
shall deliver the Preemptive Offer to each Investor to which it has not so
issued or sold New Units (the "Excluded Investors") no later than three (3)
Business Days after the date on which such New Units were issued and sold. If an
Excluded Investor delivers a Purchase Notice within twenty (20) Business Days
after receipt of the Preemptive Offer and (A) the Company has issued or sold the
subject New Units to a Third Party but not to any Investor, then the Company
shall issue and sell to each electing Excluded Investor such number of New Units
as such Excluded Investor would have been entitled had the Preemptive Rights
Offer been made and accepted by such Excluded Investor in accordance with
Sections 3.5(a) through (e) as promptly as practicable, but in no event later
than five Business Days following the date of delivery of the Purchase Notice,
at the same price, and on the same terms and conditions as the issuance and sale
occurred or (B) the Company has issued and sold the subject New Units to one or
more of the Investors (the "Emergency Funding Participants"), then the New Units
as to which such Excluded Investors have exercised preemptive rights under this
Section 3.5(f) shall be sold by the Emergency Funding Participants to such
Excluded Investors as promptly as practicable, but in no event later than five
Business Days following the date of delivery of the Purchase Notice, in such
amount as will most closely replicate the outcome if such Excluded Investors had
timely delivered a Purchase Notice in accordance with Section 3.5(b) and the
sale shall occur at a price per New Unit equal to the price paid by the
Emergency Funding Participants therefor, plus interest on such amount from the
date of purchase by the Emergency Funding Participants through the date of sale
to such Excluded Investors, at a rate per annum equal to the then-effective
prime rate, as announced by Citibank N.A. At the closing of any such sale by the
Emergency Funding Participants, such Emergency Funding Participants shall
deliver to such Excluded Investors certificates representing the New Units to be
conveyed, duly endorsed or accompanied by stock powers or other appropriate
instruments of Transfer duly executed in blank, free and clear of all liens,
encumbrances, security interests, adverse claims or other restrictions (other
than those created by this Agreement), against payment of the purchase price
therefor calculated hereunder.

                                       26

<PAGE>

3.6 REPURCHASE RIGHTS.

            (a) In the event that a CDM Executive resigns voluntarily from
Aurora without Good Reason and other than as a result of Disability (a
"Repurchase Event"), then the Company, Pinnacle, Aurora or any of their
respective designees shall have the right (but not the obligation) to repurchase
from the CDM Holder Units corresponding in type and number to the CDM
Corresponding Interests owned by such CDM Executive and his Permitted Excluded
Transferees, as determined in accordance with Section 3.6(f) below (the
"Repurchase Units"); provided that, if the CDM Executive is other than
Metropoulos, the CDM Holder and its members first shall have the right to
repurchase the CDM Corresponding Interests held by such CDM Executive, as
provided in the CDM Holder Agreement.

            (b) The price to be paid in cash for the Repurchase Units under this
Section 3.6 shall be determined as follows:

                  (i) if the Repurchase Event occurs on or prior to the first
      anniversary of the closing of the Pinnacle Transaction, the price to be
      paid in cash for the Repurchase Units shall be equal to such CDM
      Executive's pro rata portion (based on the number of CDM Corresponding
      Interests held by such CDM Executive and, if applicable, his Permitted
      Excluded Transferees relative to the aggregate number of CDM Corresponding
      Interests then outstanding) of $10,750,000 less the proceeds actually
      received upon the prior Transfer of Units held by the CDM Holder; and

                  (ii) if the Repurchase Event occurs after the first
      anniversary of the closing of the Pinnacle Transaction and on or before
      the second anniversary of the closing of the Pinnacle Transaction, the
      price to be paid in cash for the Repurchase Units shall be equal to such
      CDM Executive's pro rata portion (based on the number of CDM Corresponding
      Interests held by such CDM Executive and, if applicable, his Permitted
      Excluded Transferees relative to the aggregate number of CDM Corresponding
      Interests then outstanding) of the greater of (A) $10,750,000 less the
      proceeds actually received upon the prior Transfer of Units held by the
      CDM Holder and (B) the Fair Market Value (as defined in Section 3.6(e)
      below).

            (c) The repurchase right of the Company, Pinnacle, Aurora or any of
their respective designees, as applicable, under this Section 3.6 may be
exercised by written notice (a "Repurchase Notice") to the applicable CDM
Executive and the CDM Holder within 60 days of the date of the Repurchase Event.
Upon the delivery of a Repurchase Notice, the applicable CDM Executive and the
CDM Holder shall be obligated to sell or cause to be sold to the Company,
Pinnacle, Aurora or any of their respective designees, as applicable, the
Repurchase Units in accordance with the terms of this Section 3.6.

            (d) The purchase of the Repurchase Units under the terms of this
Section 3.6 shall be made at the offices of the Company, Pinnacle, Aurora or any
of their respective designees, as applicable, on a mutually satisfactory
Business Day within ten (10) days after the final determination of the
repurchase price as described below. Delivery of certificates or other
instruments evidencing such Repurchase Units duly endorsed for transfer and free
and clear of all liens, claims and other encumbrances (other than those arising
hereunder and those

                                       27

<PAGE>

attributable to actions by the purchasers thereof) shall be made on such date
against payment in cash of the purchase price therefor. At the closing, all of
the parties to the transaction shall execute such additional documents as are
otherwise necessary or appropriate. Simultaneously with such closing, the CDM
Holder shall use the repurchase price proceeds to redeem from the applicable CDM
Executive and, if applicable, his Permitted Excluded Transferees all CDM
Corresponding Interests held by the applicable CDM Executive and, if applicable,
his Permitted Excluded Transferees.

            (e) For purposes of this Section 3.6, "Fair Market Value" means the
fair market value of the Repurchase Units (including any Units that become
Participating Units by reason of such determination of Fair Market Value and the
related adjustment to the Gross Asset Value of the Company's assets pursuant to
clause (b) of the definition of "Gross Asset Value") (without giving effect to
any minority or illiquidity discounts) determined by the Board of Managers in
good faith and delivered in writing to the applicable CDM Executive and the CDM
Holder as soon as practicable following the Repurchase Event, but in any event
prior to delivery of the Repurchase Notice. In the event that the CDM Holder
gives the Board of Managers written notice of its objection (the "FMV Objection
Notice") to the Board of Managers' calculation of Fair Market Value within ten
(10) days of its receipt of such calculation, then the Company shall engage the
Appraiser to determine the Fair Market Value; provided, however, that if the CDM
Holder does not deliver the FMV Objection Notice within such ten (10) day
period, then the Board of Managers' calculation of Fair Market Value shall be
final, binding and conclusive on the parties, unless otherwise agreed to by the
Board of Managers and the CDM Holder. The Company shall use commercially
reasonable efforts to cause the Appraiser to provide written notice (the
"Appraised Value Notice") of such determination of the Fair Market Value to the
Company, the applicable CDM Executive and the CDM Holder within fifteen (15)
days of its engagement. The determination by the Appraiser of the Fair Market
Value, as set forth in the Appraised Value Notice, will be final, binding and
conclusive on the parties. The fees, costs and expenses of the Appraiser shall
be paid 50% by the Company and 50% by the CDM Holder.

3.7 CALL OPTION.

            (a) If (i) the JPMP Holder and the JWC Holder propose to effect the
Sale of the Company to a Third Party or an Aurora Sale to a Third Party on terms
and conditions described in detail and in writing to the CDM Holder (the
"Proposed Sale Notice"), or (ii) Bondholder Trust proposes to effect an IPO
Liquidation, but in either case of clauses (i) or (ii) the CDM Holder does not
so consent pursuant to Section 2.5(c) (any such event, a "Call Trigger Event"),
then the JPMP Holder, the JWC Holder, Bondholder Trust and the Lexington Holder
each shall have the right (but not the obligation) to purchase (the "Call
Option"), simultaneously with the consummation of such Call Trigger Event, as
the case may be, all (but not less than all) of the Units held by the CDM Holder
and its Permitted Excluded Transferees at the Call Option Price; provided that,
in the case of a Sale of the Company to a Third Party or an Aurora Sale to a
Third Party, such Call Trigger Event is consummated within 90 days after
delivery of the Proposed Sale Notice and on the terms and conditions described
in the Proposed Sale Notice .

            (b) The Call Option shall be exercisable upon delivery of a written
notice (the "Call Option Notice") by the CO Purchaser to the CDM Holder at least
thirty (30) days but not

                                       28

<PAGE>

more than forty five (45) days prior to the proposed date of the consummation of
the Call Trigger Event. The Call Option Notice shall state the proposed date for
the consummation of the Call Trigger Event and shall include a statement (the
"Call Option Price Statement") of the CO Purchaser's calculation of the Call
Option Price (and the basis for such calculation).

            (c) If (A) only one of the JPMP Holder, the JWC Holder, Bondholder
Trust or the Lexington Holder elects to exercise the Call Option, then such
electing Member shall pay 100% of the Call Option Price, and (B) more than one
of the JPMP Holder, the JWC Holder, Bondholder Trust or the Lexington Holder
elects to exercise the Call Option, then the Call Option Price shall be
allocated among such electing Members in accordance with their relative holdings
of Units.

            (d) After delivery of the Call Option Price Statement to the CDM
Holder, the CDM Holder may make inquiries of the CO Purchaser regarding
questions concerning or disagreements with the Call Option Price Statement
arising in the course of such review. The CDM Holder shall complete its review
of the Call Option Price Statement within thirty (30) days following the
delivery of the Call Option Notice. Promptly following completion of its review,
the CDM Holder shall submit to the CO Purchaser a letter regarding its
concurrence or disagreement with the calculation of the Call Option Price set
forth in the Call Option Price Statement. Unless the CDM Holder delivers a
letter (the "Dispute Letter") to the CO Purchaser disagreeing (such letter must
contain a statement describing in reasonable detail the basis of such
disagreement) with the calculation of the Call Option Price set forth in the
Call Option Price Statement within such thirty (30) day period, the Call Option
Price Statement shall be final and binding upon the parties unless there shall
have occurred any material change in any of the information contained in the
Call Option Price Statement (including, without limitation, the basis for the
calculation of the Call Option Price), in which case, the CO Purchaser shall be
required to deliver promptly a revised Call Option Price Statement and the
procedures provided for herein shall be repeated. Following delivery of the
Dispute Letter, the CDM Holder and the CO Purchaser shall attempt promptly to
resolve such disagreement in good faith. If a resolution of such disagreement
has not been effected within ten (10) days (or longer, as mutually agreed by the
parties) after delivery of the Dispute Letter, the CDM Holder and CO Purchaser
shall submit such disagreement to an independent accounting firm of
international recognition (other than the accountants for the Company, the CDM
Holder, the CO Purchaser, Pinnacle or Aurora) jointly selected by the CDM Holder
and the CO Purchaser (the "Referee"); provided, that if the parties are unable
to agree upon the accounting firm within three (3) days, then the Referee shall
be an independent accounting firm selected by lot from among the "Big 4"
accounting firms, and the selection of the accounting firm by lot shall be final
and binding upon the parties. The CDM Holder and the CO Purchaser shall use
their respective commercially reasonable efforts to cause the determination of
the Referee with respect to the matters in dispute to be completed within twenty
(20) days after the appointment of the Referee, and such determination shall be
final and binding upon the parties unless there shall have occurred any material
change in any of the information contained in the Call Option Price Statement
(including, without limitation, the basis for the calculation of the Call Option
Price), in which case, the CO Purchaser shall promptly provide the Referee (with
a copy to the CDM Holder) with any updated information in order that the Referee
may make a revised determination. The fees, costs and expenses of the Referee
shall be paid by the Company. Each of the Company, the CDM Holder and the CO
Purchaser shall

                                       29

<PAGE>

provide and cause to be provided to the Referee, on a confidential basis, such
information as it reasonably requests to perform its duties.

            (e) The purchase of all of the Units held by the CDM Holder under
the terms of this Section 3.7 shall be made following the final determination of
the Call Option Price as described above and simultaneously with the
consummation of the Sale of the Company, the Aurora Sale or the IPO Liquidation,
as the case may be. Delivery of certificates or other instruments evidencing the
Units held by the CDM Holder duly endorsed for transfer and free and clear of
all liens, claims and other encumbrances (other than those arising hereunder and
those attributable to actions by the CO Purchaser) shall be made on such date
against payment in cash of the Call Option Price or, in the case of a Call
Trigger Event that relates to a proposal by Bondholder Trust to effect an IPO
Liquidation, in Crunch Holding Shares having a value (based on the price per
share offered in the initial public offering thereof less an illiquidity
discount) equal to the Call Option Price. At the closing, all the parties to the
transaction shall execute such additional documents as are otherwise necessary
or appropriate.

3.8 DRAG-ALONG RIGHTS.

            (a) If at any time following the consummation of the Aurora
Transaction, the JPMP Holder, the JWC Holder and/or the CDM Holder proposes to
Transfer to an Unaffiliated third party, in a single arms-length transaction or
a series of related arms-length transactions, Units representing, in the
aggregate, at least 50% of the total number of Units owned on the Effective Date
by the JPMP Holder, the JWC Holder, the Lexington Holder and the CDM Holder (a
"Drag-Along Sale"), such holders shall give written notice thereof to all other
Members, including, without limitation, Bondholder Trust. The other Members
shall consent to (if such consent is required) and raise no objections against
the Drag-Along Sale, and if the Drag-Along Sale if structured as (A) a merger,
exchange or consolidation of the Company, or a sale of all or substantially all
of the assets of the Company, the other Members shall waive any dissenters'
rights, appraisal rights or similar rights in connection with such merger,
exchange, consolidation or asset sale, or (B) a sale of Units of the Company,
each other Member shall agree to sell a pro rata percentage (equal to the
percentage of Units proposed to be sold by the JPMP Holder, the JWC Holder and
the CDM Holder relative to the aggregate number of Units held by such holders)
of its Units, on the terms and conditions of such Drag-Along Sale. The Members
shall take all necessary and desirable actions in connection with the
consummation of the Drag-Along Sale, including obtaining the consent of the
Board of Managers, if necessary, to the Drag-Along Sale and the execution of
such agreements and such instruments and other actions reasonably necessary to
(1) provide customary representations, warranties, indemnities, and escrow
arrangements relating to such Drag-Along Sale and (2) effectuate the allocation
and distribution of the aggregate consideration upon the Drag-Along Sale as set
forth in Section 3.8(c) below. The Members shall be permitted to sell their
Units pursuant to a Drag-Along Sale without complying with any other provisions
of Article III of this Agreement.

            (b) The JPMP Holder, the JWC Holders and the CDM Holder shall
represent and warrant to each other and the other Members that no direct or
indirect collateral benefit or supplemental consideration (whether or not in the
nature of a tangible or intangible asset, money, property, security or other
tangible benefits or opportunities) has been or is to be paid by such

                                       30

<PAGE>

prospective purchaser or any other Person to any of them in connection with the
Drag-Along Sale and that such Drag-Along Sale is not made as part of or in
connection with any other transaction pursuant to which any of the JPMP Holder,
the JWC Holder or the CDM Holder will receive any additional benefit or
consideration. The foregoing provision shall not be deemed to prohibit a
Drag-Along Sale to any Person merely because such Person has, is currently
having or intends to have a business relationship with one or more Members.

            (c) The obligations of the Members pursuant to this Section 3.8 are
subject to the satisfaction of the following conditions:

                  (i) upon the consummation of the Drag-Along Sale, each seller
      shall receive the same proportion of the aggregate consideration from such
      approved Drag-Along Sale that such seller would have received if such
      aggregate consideration had been distributed by the Company in complete
      liquidation pursuant to the rights and preferences set forth in the
      Operating Agreement as in effect immediately prior to such Drag-Along Sale
      (giving effect to applicable orders of priority in the Operating
      Agreement);

                  (ii) if any Members of a class are given an option as to the
      form and amount of consideration to be received, all Members will be given
      the same option;

                  (iii) all holders of options, warrants or similar rights to
      acquire Securities of the Company that are then-currently exercisable will
      be given an opportunity to exercise such rights prior to the consummation
      of the Drag-Along Sale (but only to the extent such options, warrants or
      similar rights are then vested or would be vested on an accelerated basis
      pursuant to the terms of their issuance) and participate in such sale as
      Members;

                  (iv) no Member shall be obligated to make any out-of-pocket
      expenditure prior to the consummation of the Drag-Along Sale (excluding
      modest expenditures for postage, copies, etc.) and no Member shall be
      obligated to pay any portion (or shall be entitled to be reimbursed by the
      Company for that portion paid) that is more than its pro rata share (based
      upon the amount of consideration received) of reasonable expenses incurred
      in connection with a consummated Drag-Along Sale, to the extent such costs
      are incurred for the benefit of all Members, and are not otherwise paid by
      the Company or the acquiring party (costs incurred by or on behalf of a
      Member for its sole benefit will not be considered costs of the
      transaction hereunder), provided, that a Member's liability for such
      expenses shall be capped at the total purchase price received by such
      Member for its Units, plus any options, warrants or similar rights; and

                  (v) no Member shall be required to provide any
      representations, warranties or indemnities in connection with the
      Drag-Along Sale, other than those contemplated by Section 3.8(a) or
      required to be made pursuant to Section 3.8(b) to other Members and those
      representations, warranties and indemnities concerning each Member's valid
      ownership of Units and options, warrants or similar rights, free and clear
      of all liens, claims and other encumbrances (other than those arising
      under applicable securities laws and those attributable to actions by the
      purchasers thereof), and each Member's authority, power, and right to
      enter into and consummate such purchase,

                                       31

<PAGE>

      merger, exchange or other agreement without violating any other agreement.
      Any indemnity required to be given by a Member shall be several and not
      joint.

3.9 REGULATORY MATTERS.

            (a) Each Member agrees to cooperate with the Company in all
reasonable respects in complying with the terms and provisions of the letter
agreement between the Company and J.P. Morgan Partners (BHCA), L.P., a copy of
which is attached hereto as Exhibit A, regarding regulatory matters (the
"Regulatory Sideletter"), including, without limitation, voting to approve
amending the Operating Agreement, the Bylaws or this Agreement in a manner
reasonably acceptable to the Members, the JPMP Holder or any Affiliate of the
JPMP Holder entitled to make such request pursuant to the Regulatory Sideletter
in order to remedy a Regulatory Problem (as defined in the Regulatory
Sideletter). Anything contained in this Section 3.9 to the contrary
notwithstanding, no Member shall be required under this Section 3.9 to take any
action that would adversely affect in any material respect such Member's rights
under this Agreement or as a member of the Company.

            (b) The Company and each Member agree not to amend or waive the
voting or other provisions of the Operating Agreement, the Bylaws or this
Agreement if such amendment or waiver would cause the JPMP Holder or any of its
Affiliates to have a Regulatory Problem. The JPMP Holder agrees to notify the
Company as to whether or not it would have a Regulatory Problem promptly after
the JPMP Holder has notice of such amendment or waiver.

3.10 ACCESS TO RECORDS AND PROPERTIES.

      The Company shall permit any Member (other than Other Members) and its
employees, members, stockholders, partners, counsel and other authorized
representatives (collectively, the "Authorized Representatives"), during normal
business hours and upon reasonable advance notice (which shall not be less than
one Business Day's prior notice) to (a) visit and inspect the assets and
properties of the Company and its direct and indirect Subsidiaries, (b) examine
the books of accounts and records of the Company and its direct and indirect
Subsidiaries, and make copies of such records and (c) discuss all aspects of the
Company and its direct and indirect Subsidiaries with any officers, employees or
accountants of the Company or any of its direct and indirect Subsidiaries;
provided, however, that such investigation shall not unreasonably interfere with
the operations of the Company and its direct and indirect Subsidiaries. The
Company will instruct its accountants to discuss such aspects of the financial
condition of the Company and its Subsidiaries with any such Member and its
Authorized Representatives as such Member may reasonably request, and to permit
such Member and its Authorized Representatives to inspect, copy and make
extracts from such financial statements, analyses, and other documents and
information (including electronically stored documents and information) prepared
by the accountants with respect to the Company or any of its direct and indirect
Subsidiaries as such Member may reasonably request.

3.11 INFORMATION RIGHTS.

      The Company shall provide each Investor who owns at least 5% of the Units
originally purchased by it:

                                       32

<PAGE>

            (a) Within 90 days after the end of each fiscal year, an audited
balance sheet of Aurora as of the end of such fiscal year, and an audited
statement of income and statement of cash flows of Aurora for such year, in each
case prepared in accordance with GAAP and setting forth in comparative form the
figures for the previous fiscal year, all in reasonable detail, and audited by
Aurora's independent public accountants.

            (b) Within 45 days after the end of each of the first three fiscal
quarters of each fiscal year, unaudited balance sheets of Aurora as of the end
of such fiscal quarter, unaudited statements of income, and unaudited statements
of cash flows for such fiscal quarter and for the current fiscal year to date.
Such financial statements shall be prepared in accordance with GAAP (other than
omission of accompanying notes and subject to normal year-end adjustments) and
compared with both the actual results from the corresponding quarter of the
previous fiscal year and the budget (including any reforecasts) for the current
fiscal year, all in reasonable detail and certified by the principal financial
or accounting officer of Aurora.

            (c) Within 30 days after the end of each month of each fiscal year,
unaudited balance sheets of Aurora as of the end of such month, unaudited
statements of income, and unaudited statements of cash flows for such month and
for the current fiscal year to date. Such financial statements shall be prepared
in accordance with GAAP (other than omission of accompanying notes and subject
to normal year-end adjustments) and compared with both the actual results from
the corresponding month of the previous fiscal year and the budget (including
any reforecasts) for the current fiscal year, all in reasonable detail and
certified by the principal financial or accounting officer of Aurora.

            (d) Promptly at the end of each month of each fiscal year, the
management report for such month.

            (e) Not less than 30 days prior to the beginning of each fiscal
year, a copy of an annual budget with line items compared to the previous year's
budget (the "Operating Budget") and an annual strategic plan for such fiscal
year (the "Strategic Plan").

3.12 CERTAIN MATTERS RELATING TO TRANSFERS.

      Upon any Transfer (or series of Transfers) of Units that involves the
Class A Units and another class of Units, the Members agree to share the
proceeds related to such Transfer in the following manner: (i) in the event that
the proposed purchase price per Class A Unit exceeds $1,000 per Unit (as
adjusted for splits, combinations, reclassifications and the like), the proceeds
shall be shared ratably (based on number) among the Participating Units included
in such Transfer; and (ii) in the event that the proposed purchase price per
Class A Unit does not exceed $1,000 per Unit (as adjusted for splits,
combinations, reclassifications and the like), the Company shall promptly engage
the Appraiser (as defined in the Operating Agreement) to determine the fair
market value of the Class B Units and Class C Units (based upon a hypothetical
liquidation of the Company at such time in accordance with Section 18 of the
Operating Agreement, and without giving effect to any minority or illiquidity
discounts) and the proceeds shall be shared among the Participating Units
included in such Transfer in proportion to their respective Fair Market Values
as so determined. The Company shall use commercially reasonable efforts to cause
such Appraiser to provide written notice of such determination of the

                                       33

<PAGE>

Fair Market Value to the Company within 15 days of its engagement. The
determination by such Appraiser of such Fair Market Value, as set forth in the
written notice described in the preceding sentence, will be final, binding and
conclusive on the parties. The fees, costs and expenses of such Appraiser shall
be paid by the Company.

3.13 REQUIRED IPO AND IPO LIQUIDATION.

            (a) If a Sale of the Company, an Aurora Sale or an IPO (as defined
in the Registration Rights Agreement) shall not have occurred prior to the
seventh anniversary of the Effective Date, Bondholder Trust shall have the right
to deliver a written notice to the Company requiring the Company to commence
using its best efforts to consummate an IPO (the "Required IPO"), and specifying
the percentage of Bondholder Trust's Registrable Shares (as defined in the
Registration Rights Agreement) that Bondholder Trust wishes to have registered
in connection with the Required IPO. Such efforts shall include promptly
engaging an investment bank selected by the Bondholder Trust to determine the
feasibility and terms and conditions of the Required IPO. Following a
determination by such investment bank that the Required IPO is feasible,
Bondholder Trust shall give written notice to the Company whether or not the
Company shall continue to use its best efforts to continue with the process of
the Required IPO, and upon receipt of a notice directing the Company to continue
with such process, the Company shall use its best efforts to effectuate the
Required IPO by, among other things, retaining an investment bank selected by
Bondholder Trust to act as managing underwriter, retaining advisors and other
professionals (such as the Company's accountants and lawyers) to commence
preparation of a registration statement and prospectus, and proceeding with
other reasonable and customary activities designed to further the consummation
of the Required IPO.

            (b) Immediately prior to the consummation of the Required IPO,
subject to Section 2.5(c), the Company shall be liquidated (the "IPO
Liquidation") and the shares of common stock of Crunch Holding (the "Crunch
Holding Shares") shall be distributed by the Company to each holder of Units
(including Bondholder Trust) outstanding on the date of the IPO Liquidation
pursuant to the rights and preferences of the Units as provided in Section 18 of
the Operating Agreement. Upon completion of the IPO Liquidation, this Agreement
shall terminate and be of no further force and effect.

3.14 PINNACLE INDEMNITY.

      The JPMP Holder, the JWC Holder and the CDM Holder agree that they will
not pursue for their own account any claim for indemnification under the
Agreement and Plan of Merger, dated as of August 8, 2003, by and among Pinnacle
Foods Holding Corporation, Crunch Holding, Crunch Acquisition Corp. and HMTF PF,
L.L.C. for any Loss (as defined under that agreement) that would adversely
affect the value of Pinnacle, and that any such claim shall be brought instead
by Aurora or Pinnacle; provided, however, that the JPMP Holder, the JWC Holder
and the CDM Holder may pursue for their own account any claim for
indemnification for a Loss incurred directly by the JPMP Holder, the JWC Holder
or the CDM Holder, as the case may be.

                                       34

<PAGE>

                                   ARTICLE IV

                                  MISCELLANEOUS

4.1 TERMINATION.

      This Agreement shall automatically terminate and be of no further force or
effect as of the Termination Date; provided that, no such termination shall
relieve any party from the completion of performance of any of its obligations
under this Agreement arising on or prior to the Termination Date, including,
without limitation, the obligation to pay the Call Option Price due and payable,
if any, under Section 3.7 hereof.

4.2 LEGEND ON UNIT CERTIFICATES.

      Each certificate representing Securities that are subject to this
Agreement shall bear legends substantially in the following form:

      "THE SALE, TRANSFER, ASSIGNMENT, PLEDGE, OR ENCUMBRANCE OF THE SECURITIES
      REPRESENTED BY THIS CERTIFICATE AND THE RIGHTS OF THE HOLDER OF SUCH
      SECURITIES IN RESPECT OF THE ELECTION OF DIRECTORS ARE SUBJECT TO AN
      AMENDED AND RESTATED MEMBERS' AGREEMENT DATED AS OF MARCH 19, 2004, AMONG
      CRUNCH EQUITY HOLDING, LLC AND CERTAIN HOLDERS OF ITS OUTSTANDING
      SECURITIES. COPIES OF SUCH AGREEMENT MAY BE OBTAINED AT NO COST BY WRITTEN
      REQUEST MADE BY THE HOLDER OF RECORD OF THIS CERTIFICATE TO THE SECRETARY
      OF CRUNCH EQUITY HOLDING, LLC."

      "THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ACQUIRED FOR
      INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
      AS AMENDED, OR ANY STATE SECURITIES OR BLUE SKY LAWS. THESE SECURITIES MAY
      NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN
      EXEMPTION THEREFROM UNDER SAID ACT OR LAWS."

      The Company shall make a notation regarding the above restriction in its
books, and no Units shall be Transferred on the books of the Company except in
accordance with this Agreement and the above restriction.

4.3 GOVERNING LAW; CONSENT TO JURISDICTION AND VENUE; WAIVER OF JURY TRIAL.

      This Agreement shall be governed by and construed in accordance with the
laws of the State of Delaware, without giving effect to any law or rule that
would cause the laws of any jurisdiction other than the State of Delaware to be
applied.

                                       35

<PAGE>

      ANY ACTION OR PROCEEDING AGAINST THE PARTIES RELATING IN ANY WAY TO THIS
AGREEMENT MAY BE BROUGHT AND ENFORCED IN THE COURTS OF THE STATE OF NEW YORK OR
THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK, TO THE
EXTENT SUBJECT MATTER JURISDICTION EXISTS THEREFOR, AND THE PARTIES IRREVOCABLY
SUBMIT TO THE JURISDICTION OF BOTH SUCH COURTS IN RESPECT OF ANY SUCH ACTION OR
PROCEEDING. EACH OF THE PARTIES HERETO IRREVOCABLY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING
OF VENUE OF ANY SUCH ACTION OR PROCEEDING IN THE COURTS OF THE STATE OF NEW YORK
LOCATED IN NEW YORK COUNTY OR THE SOUTHERN DISTRICT OF NEW YORK AND ANY CLAIM
THAT ANY SUCH ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN
ANY INCONVENIENT FORUM. ANY JUDGMENT MAY BE ENTERED IN ANY COURT HAVING
JURISDICTION THEREOF.

      EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY
JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO
THIS AGREEMENT.

4.4 SEVERABILITY.

      It is the desire and intent of the parties that the provisions of this
Agreement be enforced to the fullest extent permissible under the law and public
policies applied in each jurisdiction in which enforcement is sought.
Accordingly, in the event that any provision of this Agreement would be held in
any jurisdiction to be invalid, prohibited or unenforceable for any reason, such
provision, as to such jurisdiction, shall be ineffective, without invalidating
the remaining provisions of this Agreement or affecting the validity or
enforceability of such provision in any other jurisdiction. Notwithstanding the
foregoing, if such provision could be more narrowly drawn so as not be invalid,
prohibited or unenforceable in such jurisdiction, it shall, as to such
jurisdiction, be so narrowly drawn, without invalidating the remaining
provisions of this Agreement or affecting the validity or enforceability of such
provision in any other jurisdiction.

4.5 ASSIGNMENTS; SUCCESSORS AND ASSIGNS.

      Except in connection with any Transfer of Units in accordance with this
Agreement and the Operating Agreement, the rights of each party under this
Agreement may not be assigned. This Agreement shall bind and inure to the
benefit of the parties and their respective successors, permitted assigns, legal
representatives and heirs.

4.6 AMENDMENTS; WAIVERS.

      Subject to Section 2.5, this Agreement may only be modified or amended,
and provisions hereof may be waived, by an instrument in writing signed by the
Company and a Super Majority in Interest of Members provided, however, that: (i)
without the prior written consent of the CDM Holder, the following provisions
shall not be amended or modified: Sections 2.1(b)(iii), 2.1(e), 2.2, 2.3,
2.4(b), 2.5(b), 2.5(c), 3.6, and 3.7; (ii) any amendment, modification or waiver

                                       36

<PAGE>

that would adversely affect the rights or obligations of any Member, in its
capacity as a Member, without similarly affecting the rights or obligations
hereunder of all Members, shall not be effective as to such Member without its
prior written consent; and (iii) the Company shall automatically amend Annex I
hereto without the consent of a Super Majority in Interest of Members and
distribute such amended Annex I to each of the Members upon any change in any
Member's information thereon, such as a change in the Member's notice
information and a Transfer of Units by a Member in accordance with this
Agreement and the addition of Future Members in accordance with Section 3.1. Any
waiver of any provision of this Agreement requested by any party hereto must be
granted in advance, in writing by the party granting such waiver.

4.7 NOTICES.

      All notices, requests, consents and other communications hereunder to any
party shall be deemed to be sufficient if contained in a written instrument
delivered in person or sent by telecopy, nationally-recognized overnight courier
or first class registered or certified mail, return receipt requested, postage
prepaid, addressed to such party at the address set forth below or such other
address as may hereafter be designated in writing by such party to the other
parties:

                  (i)   if to the Company, to:

                           Crunch Equity Holding, LLC
                           c/o Pinnacle Foods Holding Corporation
                           1 Old Bloomfield Road
                           Mountain Lakes, New Jersey  07046
                           Telephone:  (973) 541-6620
                           Telecopy:  (973) 541-6691
                           Attention:  General Counsel

                           With a copy to the Investors to their
                           respective addresses set forth on Annex I
                           hereto:

                  (ii)  if to the Members, to their respective addresses set
                        forth on Annex I hereto.

      All such notices, requests, consents and other communications shall be
deemed to have been delivered (a) in the case of personal delivery or delivery
by telecopy, on the date of such delivery (and, if such date is not a Business
Day, then on the next Business Day), (b) in the case of dispatch by
nationally-recognized overnight courier, on the next Business Day following such
dispatch and (c) in the case of mailing, on the third Business Day after the
posting thereof.

4.8 HEADINGS.

      The headings of the sections of this Agreement have been inserted for
convenience of reference only and shall not be deemed to be a part of this
Agreement.

                                       37

<PAGE>

4.9 NOUNS AND PRONOUNS.

      Whenever the context may require, any pronouns used herein shall include
the corresponding masculine, feminine or neuter forms, and the singular form of
names and pronouns shall include the plural and vice versa.

4.10 APPROVALS.

      When any reference is made herein to an action to be taken or consent or
approval to be granted by the JPMP Holder or the JWC Holder, the holder or
holders of a majority of the Interests then held by the JPMP Holder or the JWC
Holder, respectively, shall be sufficient to cause such action to be taken or
such consent or approval to be granted.

4.11 EXPENSES.

      The Company shall reimburse each of the JPMP Holder, the JWC Holder, the
CDM Holder and Bondholder Trust for its respective out-of-pocket expenses,
including any fees, disbursements and other charges of counsel, incurred in
connection with the formation of the Company (including the negotiation and
completion of this Agreement, the Operating Agreement and the Bylaws) and the
formation of the CDM Holder upon presentation of appropriate documentation
therefor, unless such expenses, fees, disbursements and other charges have been
reimbursed by Pinnacle Holding.

4.12 ENTIRE AGREEMENT.

      This Agreement, the Operating Agreement and the Bylaws contain the entire
agreement among the parties with respect to the subject matter hereof and
supersedes all prior agreements and understandings with respect to such subject
matter, including, without limitation, the Letter Agreement. The parties hereto
represent and warrant that there are no other agreements or understandings
regarding any of the subject matter hereof other than as set forth herein and
covenant not to enter into any such agreements or understandings after the date
hereof except pursuant to an amendment, modification or waiver of the provisions
of this Agreement.

4.13 COUNTERPARTS.

      This Agreement may be executed in any number of original or facsimile
counterparts, and each such counterpart hereof shall be deemed to be an original
instrument, but all such counterparts together shall constitute but one
agreement.

4.14 FURTHER ASSURANCES.

      Each party hereto shall do and perform or cause to be done and performed
all such further acts and things and shall execute and deliver all such other
agreements, certificates, instruments, and documents as any other party hereto
reasonably may request in order to carry out the provisions of this Agreement
and the consummation of the transactions contemplated hereby.

                  [Remainder of page intentionally left blank]

                                       38

<PAGE>

            IN WITNESS WHEREOF, the parties hereto have executed this Members'
Agreement on the date first written above.

                                                THE COMPANY:

                                                CRUNCH EQUITY HOLDING, LLC

                                                 By:  /S/  JONATHAN LYNCH
                                                      -------------------------
                                                      Name:  Jonathan Lynch

                     -Signature Page to Members' Agreement-

<PAGE>

                                            IN WITNESS WHEREOF, the parties
                                            hereto have executed this Members'
                                            Agreement on the date first
                                            written above.

                                            INVESTORS:

                                            J.P. MORGAN PARTNERS (BHCA), L.P.

                                            By: JPMP MASTER FUND MANAGER, L.P.,
                                                its general partner

                                            By: JPMP CAPITAL CORP.,
                                                its general partner

                                            By: /S/ JONATHAN LYNCH
                                                ----------------------------
                                                Name:  Jonathan Lynch

                                            J.P. MORGAN PARTNERS GLOBAL
                                            INVESTORS, L.P.

                                            By: JPMP GLOBAL INVESTORS, L.P.,
                                                its general partner

                                            By: JPMP CAPITAL CORP.,
                                                its general partner

                                            By: /S/ JONATHAN LYNCH
                                                -----------------------------
                                                Name:  Jonathan Lynch

                     -Signature Page to Members' Agreement-

<PAGE>

            IN WITNESS WHEREOF, the parties hereto have executed this Members'
Agreement on the date first written above.

                                              INVESTORS:

                                              J.P. MORGAN PARTNERS GLOBAL
                                              INVESTORS (CAYMAN), L.P.

                                              By: JPMP GLOBAL INVESTORS, L.P.,
                                                  a general partner

                                              By: JPMP CAPITAL CORP.,
                                                  its general partner

                                              By: /S/  JONATHAN LYNCH
                                                  --------------------------
                                                  Name:  Jonathan Lynch

                                              J.P. MORGAN PARTNERS GLOBAL
                                              INVESTORS A, L.P.

                                              By: JPMP GLOBAL INVESTORS, L.P.,
                                                  a general partner

                                              By: JPMP CAPITAL CORP.,
                                                  its general partner

                                              By: /S/ JONATHAN LYNCH
                                                  ----------------------------
                                                  Name:  Jonathan Lynch

                                              J.P. MORGAN PARTNERS GLOBAL
                                              INVESTORS (CAYMAN) II, L.P.

                                              By: JPMP GLOBAL INVESTORS, L.P.,
                                                  a general partner

                                              By: JPMP CAPITAL CORP.,
                                                  its general partner

                                              By: /S/ JONATHAN LYNCH
                                                  ----------------------------
                                                  Name:  Jonathan Lynch

                     -Signature Page to Members' Agreement-

<PAGE>

            IN WITNESS WHEREOF, the parties hereto have executed this Members'
Agreement on the date first written above.

                                  INVESTORS:

                                  J.W. CHILDS EQUITY PARTNERS III, L.P.

                                  By: J.W. Childs Advisors III, L.P.,
                                      as general partner

                                  By: J.W. Childs Associates, L.P.,
                                      as general partner

                                  By: J.W. Childs Associates, Inc.,
                                      as general partner

                                  By: /S/ ADAM SUTTIN
                                      ---------------------------
                                      Name:  Adam Suttin

                                  JWC FUND III CO-INVEST,  LLC

                                  By: J.W. Childs Associates, L.P., as manager

                                  By: J.W. Childs Associates, Inc., as
                                      general partner

                                  By: /S/ ADAM SUTTIN
                                      ---------------------------
                                      Name:  Adam Suttin

                     -Signature Page to Members' Agreement-

<PAGE>

            IN WITNESS WHEREOF, the parties hereto have executed this Members'
Agreement on the date first written above.

                                           INVESTORS:

                                           CDM INVESTOR GROUP LLC

                                           By: /S/ C. DEAN METROPOULOS
                                               ------------------------------
                                               Name: C. Dean Metropoulos

                     -Signature Page to Members' Agreement-

<PAGE>

            IN WITNESS WHEREOF, the parties hereto have executed this Members'
Agreement on the date first written above.

                                           INVESTORS:

                                           CRUNCH EQUITY VOTING TRUST

                                           By: /S/ KENNETH LIANG
                                               ----------------------------
                                               Name:  Kenneth Liang
                                               Title:  Managing Director

                     -Signature Page to Members' Agreement-

<PAGE>

            IN WITNESS WHEREOF, the parties hereto have executed this Members'
Agreement on the date first written above.

                                           INVESTORS:

                                           CO-INVESTMENT PARTNERS, L.P.

                                           By: CIP Partners LLC, Managing Member

                                           By: /S/ WALTER M. CAIN
                                               -------------------------------
                                               Name:  Walter M. Cain
                                               Title:  Member

                     -Signature Page to Members' Agreement-

<PAGE>

                                                                         ANNEX I

                               SCHEDULE OF MEMBERS

J.P. MORGAN PARTNERS (BHCA), L.P.

J.P. MORGAN PARTNERS GLOBAL INVESTORS, L.P.

J.P. MORGAN PARTNERS GLOBAL INVESTORS (CAYMAN), L.P.

J.P. MORGAN PARTNERS GLOBAL INVESTORS (CAYMAN ) II, L.P.

J.P. MORGAN PARTNERS GLOBAL INVESTORS A, L.P.

IN EACH CASE:
C/O J.P. MORGAN PARTNERS
1221 AVENUE OF THE AMERICAS, 40TH FLOOR
NEW YORK, NY  10020
ATTENTION: OFFICIAL NOTICES CLERK
FBO: STEPHEN P. MURRAY
TELEPHONE: (212) 899-3400

with a copy to:

O'Melveny & Myers LLP
7 Times Square
New York, NY 10036
Attention: Gregory Gilbert, Esq.
Telephone: (212) 408-2469
Facsimile: (212) 408-2420

J.W. CHILDS EQUITY PARTNERS III, L.P.

JWC FUND III CO-INVEST, LLC

IN EACH CASE:
C/O J.W. CHILDS ASSOCIATES, L.P.
111 HUNTINGTON AVENUE - SUITE 2900
BOSTON, MA 02199-7610
ATTENTION: ADAM L. SUTTIN
TELEPHONE:  (617) 753-1100
FACSIMILE: (617) 753-1101

<PAGE>

with a copy to:

Kaye Scholer LLP
425 Park Avenue
New York, NY 10022
Attention: Steven C. Koval, Esq.
Telephone: (212) 836-8689
Facsimile: (212) 836-8689

CDM INVESTOR GROUP LLC
100 NORTHFIELD STREET
GREENWICH, CT 06830
ATTENTION: C. DEAN METROPOULOS
TELEPHONE: (203) 622-6988
FACSIMILE: (203) 629-6660

with a copy to:

Paul, Weiss, Rifkind, Wharton & Garrison LLP
1285 Avenue of the Americas
New York, NY 10019-6064
Attention: Robert M. Hirsh, Esq.
           Paul D. Ginsberg, Esq.
Telephone: (212) 373-3000
Facsimile: (212) 757-3990

CRUNCH EQUITY VOTING TRUST
C/O OAKTREE CAPITAL MANAGEMENT
333 SOUTH GRAND AVENUE
LOS ANGELES, CALIFORNIA 90071
ATTENTION: KENNETH LIANG
TELEPHONE: (213) 830-6300
FACSIMILE: (213) 830-8522

with a copy to:

Debevoise & Plimpton LLP
919 Third Avenue
New York, New York 10022
Attention: Steven R. Gross, Esq.
Telephone: (212) 909-6000
Facsimile: (212) 909-6836

<PAGE>

CO-INVESTMENT PARTNERS, L.P.
660 MADISON AVENUE, 23RD FLOOR
NEW YORK, NY 10021
ATTENTION: BART D. OSMAN
TELEPHONE: (212) 754-0411
FACSIMILE: (212) 754-1494

with a copy to:

Kramer Levin Naftalis & Frankel LLP
919 Third Avenue
New York, NY 10022
Attention: Michael S. Nelson, Esq.
Telephone: (212) 715-9360
Facsimile: (212) 715-8000<PAGE>

                                                                    Exhibit 10.7

                           CRUNCH EQUITY HOLDING, LLC

                     (A DELAWARE LIMITED LIABILITY COMPANY)

                    AMENDED AND RESTATED OPERATING AGREEMENT

                                   DATED AS OF

                                 MARCH 19, 2004

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                               Page
                                                                               ----
<S>                                                                            <C>
SECTION 1.   DEFINITIONS; RULES OF CONSTRUCTION..............................    1

SECTION 2.   NAME; ORGANIZATION; TERM; SCHEDULE OF MEMBERS...................    2

SECTION 3.   PURPOSE.........................................................    3

SECTION 4.   OFFICES.........................................................    4

SECTION 5.   MANAGEMENT OF THE COMPANY; BOARD................................    4

SECTION 6.   AUTHORIZED UNITS; GENERAL PROVISIONS WITH RESPECT TO UNITS......    5

SECTION 7.   VOTING RIGHTS...................................................    7

SECTION 8.   REPRESENTATIONS BY MEMBERS UPON ISSUANCE OF UNITS...............    7

SECTION 9.   CAPITAL CONTRIBUTIONS; ISSUANCE OF UNITS........................    8

SECTION 10.  CAPITAL ACCOUNTS................................................    9

SECTION 11.  ALLOCATIONS.....................................................   11

SECTION 12.  DISTRIBUTIONS...................................................   12

SECTION 13.  LIABILITY FOR RETURN OF CAPITAL.................................   16

SECTION 14.  ADMINISTRATIVE MATTERS..........................................   17

SECTION 15.  NOTICES.........................................................   17

SECTION 16.  WITHDRAWAL......................................................   17

SECTION 17.  ADDITIONAL MEMBERS..............................................   18

SECTION 18.  DISSOLUTION.....................................................   18

SECTION 19.  LIMITATION ON LIABILITY.........................................   19

SECTION 20.  AMENDMENTS......................................................   19

SECTION 21.  CONFIDENTIALITY.................................................   19

SECTION 22.  ENTIRE AGREEMENT................................................   21
</TABLE>

                                       i

<PAGE>

<TABLE>
<S>                                                                             <C>
SECTION 23.  GOVERNING LAW; CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL....   21

SECTION 24.  SUCCESSORS AND ASSIGNS..........................................   22

SECTION 25.  NO THIRD PARTY BENEFICIARIES....................................   22

SECTION 26.  FURTHER ASSURANCES..............................................   23

SECTION 27.  COUNTERPARTS; FACSIMILE SIGNATURES..............................   23
</TABLE>

Annex I     -   Definitions

Schedule I  -   Members' Schedule

Exhibit A   -   Certificate of Formation

Exhibit B   -   Bylaws of the Company

Exhibit C   -   Members' Agreement

                                       ii

<PAGE>

                                          AMENDED AND RESTATED OPERATING
                                          AGREEMENT (this "Agreement") dated as
                                          of March 19, 2004, of CRUNCH EQUITY
                                          HOLDING, LLC, a Delaware limited
                                          liability company (the "Company"),
                                          among the Company and each Person (as
                                          defined herein) who has executed this
                                          Agreement.

            WHEREAS the parties entered into an Operating Agreement of the
Company dated as of November 25, 2003 (the "Original Agreement") in connection
with the acquisition by the Company of the shares of Pinnacle Foods; and

            WHEREAS in connection with the Aurora Transaction, the parties
hereto wish to Amend and Restate the Original Agreement in its entirety to
provide, among other things, for the admission of Bondholders Trust as a Member
and the issuance of additional Units to the Members in connection with capital
contributions made to the Company with respect to the Aurora Transaction;

            NOW, THEREFORE, in consideration of the mutual representations,
warranties, covenants and agreements contained in this Agreement, and for other
good and valuable consideration, the sufficiency of which is hereby
acknowledged, the parties hereto agree as follows:

      SECTION 1. DEFINITIONS; RULES OF CONSTRUCTION.

            (a) Certain capitalized terms used in this Agreement are defined in
ANNEX I hereto. ANNEX I is expressly incorporated by reference into this
Agreement.

            (b) The use herein of the masculine, feminine or neuter forms shall
also denote the other forms, as in each case the context may require.

            (c) Except when the context requires otherwise, any reference in
this Agreement to any Section, Schedule or Exhibit shall be to the Sections of,
and Schedules and Exhibits to, this Agreement and the words "herein", "hereto"
and "hereby", and other words of similar import, refer to this Agreement as a
whole and not to any particular Section of or, Schedule or Exhibit to this
Agreement.

            (d) The title of and the section and paragraph headings in this
Agreement are for convenience of reference only and shall not govern the
interpretation of any of the terms or provisions of this Agreement.

            (e) The words "including" and "include" and other words of similar
import shall be deemed to be followed by the phrase "without limitation".

<PAGE>

            (f) Any references herein to a statute, rule or regulation of any
governmental entity (or any provision thereof) shall include such statute, rule
or regulation (or provision thereof), including any successor thereto, as it may
be amended from time to time.

      SECTION 2. NAME; ORGANIZATION; TERM; SCHEDULE OF MEMBERS.

            (a) The name of the Company shall be "Crunch Equity Holding, LLC" or
such other name as the Board may from time to time hereafter designate, and its
business shall be carried on in such name with such variations and changes as
the Board deems necessary to comply with requirements of the jurisdictions in
which the Company's operations are conducted.

            (b) The Company was formed upon the execution and filing by
Christopher J. Torrente (such Person being hereby authorized to take such
action) with the Secretary of State of the State of Delaware of a certificate of
formation (the "Certificate") of the Company attached hereto as EXHIBIT A on
August 12, 2003. The parties hereto ratify and confirm the filing of the
Certificate and all actions taken by the Company through the date hereof.

            (c) This Agreement (including definitions set forth in ANNEX I), the
Bylaws and Members' Agreement, are intended to serve as a "limited liability
company agreement," as such term is defined in Section 18-101(7) of the Delaware
Act.

            (d) The term of the Company commenced on the date on which the
Certificate was filed with the Secretary of State of the State of Delaware and
shall continue until dissolved or terminated pursuant to this Agreement or the
Delaware Act. The existence of the Company as a separate legal entity shall
continue until cancellation of the Certificate as provided in the Delaware Act.

            (e) The Members hereby acknowledge and agree that if the Company
expects to make an investment in a Person organized in Canada or a political
subdivision thereof, the Company shall use its reasonable best efforts to be
converted into a Delaware limited partnership pursuant to the Delaware Revised
Uniform Limited Partnership Act, 6 Del. C. Sect. 17-217 et seq., as amended from
time to time, and any successor statute; provided, however, that such limited
partnership shall provide the same economic terms, rights and liabilities as set
forth herein and the general partner of such limited partnership shall be formed
as a limited liability company and shall have the same governance rights and
responsibilities as the Board as set forth herein.

            (f) The name and business, mailing or residence address of the
Members of the Company are set forth on SCHEDULE I hereto. The Board shall amend
SCHEDULE I from time to time to accurately reflect the names and business,
mailing or residence address of each of the Members and each of the Persons who
shall by virtue of a Transfer of an Interest (but only to the extent such
Transfer was in compliance with the terms hereof, the Members' Agreement and the
Bylaws) become Members after the date hereof; and shall promptly

                                       2

<PAGE>

distribute such amended SCHEDULE I to each Member. Amendments to SCHEDULE I
shall not be subject to Section 20 hereof.

      SECTION 3. PURPOSE.

            (a) The purpose of the Company shall be to: (i) own equity and debt
instruments of entities taxed as corporations for Federal income tax purposes
and (ii) engage in any lawful business related thereto that may be engaged in by
a limited liability company organized under the Delaware Act, as such business
activities may be determined by the Board from time to time.

            (b) Without limiting the generality of Section 3(a), the initial
purpose of the Company shall be to acquire all of the equity interests in Crunch
Holding Corp., a Delaware corporation ("Crunch Holding"), pursuant to the terms
and conditions of the Subscription Agreement, which in turn, is organized for
the purposes of acquiring direct or indirect equity interests in Pinnacle Foods
Holding Corporation, a Delaware corporation ("Pinnacle Foods"), Aurora Foods,
Inc., a Delaware corporation ("Aurora Foods") and any other additional
investments approved by the Board in accordance with this Agreement.

            (c) If a Member or Manager (or any officer, employee, director,
agent, stockholder, member or partner of such Member or Manager) acquires
knowledge of a potential transaction or matter which may be a Company
Opportunity or otherwise is then exploiting any Company Opportunity, the Company
shall have no interest in such Company Opportunity and no expectancy that such
Company Opportunity be offered to the Company, any such interest or expectancy
being hereby renounced, so that, as a result of such renunciation, and for the
avoidance of doubt, such Person (i) shall have no duty to communicate or present
such Company Opportunity to the Company, (ii) shall have the right to hold any
such Company Opportunity for its (and/or its officers', directors', agents',
stockholders', members' or partners') own account or to recommend, sell, assign
or transfer such Company Opportunity to Persons other than the Company, and
(iii) shall not breach any fiduciary duty to the Company, in such Person's
capacity as a Member or Manager of the Company, by reason of the fact that such
Person pursues or acquires such Company Opportunity for itself, directs, sells,
assigns or transfers such Company Opportunity to another Person, or does not
communicate information regarding such Company Opportunity to the Company. As
soon as practicable after the date hereof, the Company shall cause the
certificate of incorporation or similar organizational document of all of its
direct or indirect subsidiaries to include a provision with respect to
investment opportunities comparable to this Section 3(c). Notwithstanding the
foregoing, the inclusion of this provision and comparable provisions included in
the organizational documents of the subsidiaries shall not in any way excuse the
fiduciary duties of the officers of such entities, other than the CDM
Executives, in their capacity as such; provided that the foregoing does not
effect the obligations of any of the CDM Executives under the terms of their CDM
Employment Agreements.

                                       3

<PAGE>

      SECTION 4. OFFICES.

            (a) The principal office of the Company, and such additional offices
as the Board may determine to establish, shall be located at such place or
places inside or outside the State of Delaware as the Board may designate from
time to time.

            (b) The registered office of the Company in the State of Delaware is
located at 9 East Loockerman Street, City of Dover, County of Kent, Delaware
19901. The registered agent of the Company for service of process at such
address is National Registered Agents, Inc., 9 East Loockerman Street, Suite
214, County of Kent, Delaware 19901.

      SECTION 5. MANAGEMENT OF THE COMPANY; BOARD.

            (a) Subject to the delegation of rights and powers provided for
herein and in the Bylaws and Members' Agreement, the Board shall have the sole
right to manage the business and affairs of the Company and shall have all
powers and rights necessary, appropriate or advisable to effectuate and carry
out the purposes and business of the Company. The Board shall consist initially
of seven Managers (as may be reduced in accordance with the Members' Agreement),
appointed from time to time in accordance with this Agreement, the Bylaws and
the Members' Agreement; provided, however, that upon the consummation of the
Aurora Transaction, the number of Managers of the Board shall be automatically
increased to nine members, as appointed from time to time in accordance with
this Agreement, the Bylaws and the Members' Agreement.

            (b) Except as otherwise provided in the Members' Agreement, Managers
may only be removed at the written instruction of the Member or Members who are
entitled to appoint such Person as a Manager pursuant to the Members' Agreement
or this Agreement, as the case may be.

            (c) Subject to the foregoing regarding appointing of Managers, if a
vacancy is created on the Board by reason of the death, removal or resignation
of any Manager, each of the Members hereby agrees, that such vacancy shall be
filled in accordance with the procedures set forth in this Agreement, the
Members' Agreement and the Bylaws.

            (d) No Member, by reason of such Member's status as such, shall have
any authority to act for or bind the Company but shall have only the right to
vote on or approve the actions herein specified to be voted on or approved by
such Member.

            (e) The Board shall organize and appoint such committees as the
Board deems necessary and appropriate in order to carry out the purposes of the
Company, which shall at least consist of an audit committee and a compensation
committee. The membership of such committees shall be determined as set forth in
the Members' Agreement.

            (f) The officers of the Company shall be, and shall be elected,
removed and perform such functions, as are provided in the Bylaws. The Board may
appoint, employ, or otherwise contract with such other Persons for the
transaction of the business of the Company or the performance of services for or
on behalf of the Company as it shall

                                       4

<PAGE>

determine in its sole discretion. The Board may delegate to any officer of the
Company or to any other Person such authority to act on behalf of the Company as
the Board may from time to time deem appropriate in its sole discretion.

            (g) Except as otherwise provided by the Board or in the Bylaws, when
the taking of such action has been authorized by the Board, any officer of the
Company or any other Person specifically authorized by the Board may execute any
contract or other agreement or document on behalf of the Company and may execute
and file on behalf of the Company with the Secretary of State of the State of
Delaware any certificates of amendment to the Company's certificate of
formation, one or more restated certificates of formation and certificates of
merger or consolidation and, upon the dissolution and completion of winding up
of the Company, or as otherwise provided in the Delaware Act, a certificate of
cancellation canceling the Company's certificate of formation.

      SECTION 6. AUTHORIZED UNITS; GENERAL PROVISIONS WITH RESPECT TO UNITS.

            (a) Subject to the terms of this Agreement and the Members'
Agreement, the Company is authorized to issue equity interests in the Company
designated as "Units," which shall constitute limited liability company
interests under the Delaware Act and shall include initially, Class A Units,
Class B Units, Class C Units, Class D Units and Class E Units. Each Unit may be
further classified as a Participating Unit, for purposes of the provisions of
Sections 11, 12 and 18 of this Agreement, in accordance with the terms of this
Agreement. The capital structure of the Company, including the classes of
limited liability company interests, the number of Units issued with respect to
each such class, and the consideration relating to the issuance of such Units,
as of the date hereof is set forth on SCHEDULE I hereto. SCHEDULE I hereto shall
be amended from time to time to reflect any changes due to the issuance or
redemption of Units or as otherwise determined by the Board.

            (b) On the closing date under the Original Agreement, the Company
issued Class A Units to each Member in the number set forth opposite such
Member's name on SCHEDULE I hereto in exchange for cash contributions or for
contributions of PFHC Stock, in each case, in the amount set forth opposite such
Member's name as Capital Contributions on SCHEDULE I hereto, Class B Units to
CDM in the number set forth opposite such Member's name on SCHEDULE I hereto in
exchange for cash contributions or for contributions of PFHC Stock in the amount
set forth opposite such Member's name as Capital Contributions, with respect to
Class B Units, on SCHEDULE I hereto, and Class D and Class E Units to CDM in the
number set forth opposite such Member's name on SCHEDULE I hereto for no
additional consideration.

            (c) In connection with the closing of the Aurora Transaction, the
Company shall issue Class A Units to each Member in the number set forth
opposite such Member's name on SCHEDULE I hereto in exchange for contributions
in cash or other valuable consideration; provided that the number of Class A
Units so issued to Bondholder Trust as reflected on SCHEDULE I shall be adjusted
after the date hereof to reflect (i) the number of such Class A Units to be
issued as finally determined in accordance with Article IV of the Aurora Merger
Agreement and (ii) any Class A Units returned to the Company pursuant to the
provisions of the Indemnity Agreement to be entered into in connection with the
Aurora

                                       5

<PAGE>

Transaction. For each additional Class A Unit issued by the Company in
connection with the Aurora Transaction (other than Class A Units issued to
Bondholder Trust) up to a total of 190,000 Class A Units (including Class A
Units issued in accordance with Section 6(b)), the Company shall issue to CDM
0.082051 Class C Units for no additional consideration. For each additional
Class A Unit issued by the Company after the date hereof (other than Class A
Units issued to Bondholder Trust) in excess of 190,000 Class A Units, the
Company shall issue to CDM 0.073897 Class C Units for no additional
consideration. For each Class A Unit issued to Bondholder Trust in connection
with the Aurora Transaction in excess of 90,000 such Class A Units the Company
shall issue to CDM 0.073684 Class C Units for no additional consideration. For
each Class A Unit, Class B Unit and Class C Unit issued pursuant to this Section
6(c), the Company shall issue to CDM 0.052632 Class D Units; and for each Class
A Unit, Class B Unit, Class C Unit and Class D Unit issued pursuant to this
Section 6(c), the Company shall issue to CDM 0.052632 Class E Units. For the
avoidance of doubt, the foregoing provisions of this Section 6(c) shall only
apply with respect to the issuance of Class A Units in connection with the
Aurora Transaction. In the event that Bondholder Trust is required to return any
Class A Units to the Company pursuant to the provisions of Article IV of the
Aurora Merger Agreement or the Indemnity Agreement to be entered into in
connection with the Aurora Transaction, CDM shall contribute to the Company any
Class C, D or E Units it would not have received had the corresponding Class A
Units not been issued to Bondholder Trust in the first instance.

            (d) For each additional Class A Unit issued by the Company after the
date hereof Class A Units , the Company shall issue to CDM 0.073897 Class C
Units in exchange for a Capital Contribution per Unit of an amount in cash equal
to the product of $136.69 and a fraction, the numerator of which is the issue
price for such Class A Unit and the denominator of which is 1,000. For each
Class A Unit, Class B Unit and Class C Unit issued after the date hereof, the
Company shall issue to CDM 0.052632 Class D Units; and for each Class A Unit,
Class B Unit, Class C Unit and Class D Unit issued on or after the date hereof,
the Company shall issue to CDM 0.052632 Class E Units. For the avoidance of
doubt, the provisions of this Section 6(d) shall only apply with respect to the
issuance of Class A Units other than in connection with the Aurora Transaction,
and shall apply only to issuances, if any, made after the date hereof other than
in connection with the Aurora Transaction.

            (e) Except as provided in Sections 6(b), 6(c) and 6(d), each
additional authorized Unit may be issued as contemplated by this Agreement or
otherwise pursuant to such agreements as the Board or a committee thereof shall
approve, including pursuant to options and warrants.

            (f) If the Board deems it advisable, the Company shall issue to each
Member who owns Units a limited liability company certificate with respect to
such Units in the form approved by the Board with respect to the class of such
Unit, evidencing the Units held by such Member; each certificate with respect to
Units shall be referred to herein as a "Unit Certificate." Each Unit Certificate
shall be Transferable in accordance with this Agreement, the Bylaws and the
Members' Agreement and only on the books of the Company, to be kept by the
Secretary of the Company, on surrender thereof by the registered holder in
person or by attorney, and until so transferred, the Company may treat the

                                       6

<PAGE>

registered holder of a Unit Certificate as the owner of the Interest evidenced
thereby for all purposes. Nothing contained in this Section 6 shall authorize or
permit any Member to Transfer its Units except as contemplated by the Bylaws and
the Members' Agreement.

            (g) For the purposes of Article 8 in any Uniform Commercial Code,
each Unit as may be evidenced by a Unit Certificate shall be deemed to be a
"security", as such term is defined in any Uniform Commercial Code.

            (h) The allocation of Units to CDM under Section 6(a)(1) is
contingent upon the approval of the stockholders of Pinnacle Foods pursuant to
that certain Action by Written Consent of the Stockholders of Pinnacle Foods
Holding.

      SECTION 7. VOTING RIGHTS.

            Except as otherwise required by Applicable Law, or as otherwise set
forth herein or in the Bylaws or Members' Agreement, each holder of Class A
Units or Class B Units (i) shall be entitled to vote on matters to be voted on
by the Members and (ii) shall vote together as a single class on all matters to
be voted on by the Members. Each Class A Unit or Class B Unit shall entitle the
holder thereof to one vote. Except as otherwise set forth in Section 20 or as
required by Applicable Law, Class C Units, Class D Units and Class E Units will
not be entitled to vote on matters to be voted on by the Members.

      SECTION 8. REPRESENTATIONS BY MEMBERS UPON ISSUANCE OF UNITS.

            Upon the acquisition of any Units, in addition to any other
representations and warranties set forth in any other document required by the
Board with respect to such acquisition, each Member makes the following
representations and warranties to the Company with respect to such Units,
effective upon the issuance thereof and upon such Member's execution and
delivery of a counterpart hereof:

            (a) Such Member (other than Bondholder Trust, it being understood
that the initial issuance of Units to Bondholder Trust is exempt from
registration under the Securities Act pursuant to Section 1145 of the U.S.
Bankruptcy Code, the use of which exemption has been confirmed in the
Confirmation Order) is acquiring the Units for its own account or in the case of
Bondholder Trust, for the account of holders of interests therein, for
investment and not with a view to the distribution thereof or any interest
therein in violation of the Securities Act or applicable state securities laws.

            (b) Such Member understands that (i) the Units have not been
registered under the Securities Act or applicable state securities laws by
reason of their issuance by the Company in a transaction exempt from the
registration requirements of the Securities Act and applicable state securities
laws and (ii) the Units must be held by such Member indefinitely unless a
subsequent disposition thereof is registered under the Securities Act and
applicable state securities laws or is exempt from such registration.

            (c) Such Member further understands that the exemption from
registration afforded by Rule 144 (the provisions of which are known to such
Member) promulgated

                                       7

<PAGE>

under the Securities Act depends on the satisfaction of various conditions, and
that, if applicable, Rule 144 may afford the basis for sales of the Units
acquired hereunder in limited amounts.

            (d) Such Member (other than Bondholder Trust, it being understood
that the initial issuance of Units to Bondholder Trust is exempt from
registration under the Securities Act pursuant to Section 1145 of the U.S.
Bankruptcy Code, the use of which exemption has been confirmed in the
Confirmation Order) is an "accredited investor" (as defined in Rule 501(a) of
Regulation D promulgated under the Securities Act).

            (e) The Company has made available to such Member or its
representatives all agreements, documents, records and books that such Member
has requested relating to an investment in the Units which may be acquired by
the Member hereunder. Such Member has had an opportunity to ask questions of,
and receive answers from, a Person or Persons acting on behalf of the Company,
concerning the terms and conditions of this investment, and answers have been
provided to all of such questions to the full satisfaction of such Member. Such
Member has such knowledge and experience in financial and business matters that
it is capable of evaluating the risks and merits of this investment and has such
resources that it is capable of suffering a complete loss of its investment.

            (f) The execution, delivery and performance of this Agreement by
such Member has been duly authorized. This Agreement has been duly executed and
delivered by such Member and (assuming the valid authorization, execution and
delivery of this Agreement by the other parties hereto) is the legal, valid and
binding agreement of such Member, enforceable against such Member in accordance
with its terms, subject to bankruptcy, insolvency, reorganization, moratorium,
and similar laws of general application relating to or affecting creditors'
rights and to general equity principles.

            (g) Without the prior consent of the Board, no Member shall grant
any proxy or become party to any voting trust (it being understood that
Bondholder Trust itself is a voting trust) or other agreement which is
inconsistent with or conflicts with the provisions of this Agreement or the
Members' Agreement.

      SECTION 9. CAPITAL CONTRIBUTIONS; ISSUANCE OF UNITS.

            (a) Capital Contribution upon Issuance of Units - Generally. Upon
the issuance of any Unit to any Member, except as provided in Section 6(c), such
Member shall make a Capital Contribution to the Company in the amount set forth
in any purchase, subscription or contribution agreement entered into with
respect to such Unit.

            (b) On the date of the execution of this Agreement, each Member
shall be issued the Units set forth opposite the name of each Member on SCHEDULE
I against receipt of the aggregate Capital Contributions set forth opposite the
name of such Member on SCHEDULE I, all as described in Section 6(b).

                                       8

<PAGE>

      SECTION 10. CAPITAL ACCOUNTS.

            A separate capital account (a "Capital Account") shall be
established and maintained with respect to each Unit in accordance with this
Section 10. The provisions of this Agreement are intended to comply with the
capital account maintenance rules of Section 1.704-1(b)(2)(iv) of the Treasury
Regulations, and shall be interpreted consistently therewith. Each Member's
"capital account" for purposes of the capital account maintenance rules of
Section 1.704-1(b)(2)(iv) of the Treasury Regulations shall be the aggregate
Capital Account balances for all Units held by such Member.

            (a)   Each Unit's Capital Account shall be increased by:

                  (i) the amount of cash contributed to the capital of the
            Company with respect to such Unit;

                  (ii) the Fair Market Value (net of liabilities that the
            Company is considered to assume or take subject to under Section 752
            of the Code) of any property (other than cash) contributed to the
            capital of the Company with respect to such Unit (subject to
            adjustment as provided in Section 10(c));

                  (iii) the amount of any Net Profits allocated with respect to
            such Unit pursuant to Section 11(a); and

                  (iv) the amount of income or gain allocated with respect to
            such Unit pursuant to the regulatory allocations listed in Section
            11(c).

            (b)   Each Unit's Capital Account shall be decreased by:

                  (i) the amount of any cash distributed with respect to such
            Unit;

                  (ii) the Fair Market Value (net of liabilities that a Member
            with respect to such Unit is considered to assume or take subject to
            under Section 752 of the Code) of any property (other than cash)
            distributed with respect to such Unit;

                  (iii) the amount of any Net Losses allocated with respect to
            such Unit pursuant to Section 11(a); and

                  (iv) the amount of loss or deductions allocated with respect
            to such Unit pursuant to the regulatory allocations listed in
            Sections 11(c).

            (c) Notwithstanding anything herein to the contrary, the Fair Market
Value of any share of PFHC Stock contributed to the Company on the closing date
under the Original Agreement shall be tentatively deemed to be equal to the
Estimated Per Share Merger Consideration for purposes of calculating the Capital
Account and aggregate Capital Contribution amount of any Unit held by a Member
contributing any such stock on the date hereof. If the Final Per Share Merger
Consideration is unequal to the Estimated Per Share Merger Consideration, or an
amount is charged to the Indemnity Escrow, then the following

                                       9

<PAGE>

adjustments will be made as of the date hereof in order to reflect the change in
the Fair Market Value of the PFHC Stock:

                  (i) if the Final Per Share Merger Consideration exceeds the
            Estimated Per Share Merger Consideration, then the Capital Account
            and aggregate Capital Contribution amount of any Unit held by each
            Member who contributed such shares shall be increased by the product
            of (X) the number of shares of PFHC Stock contributed to the Company
            by such Member with respect to such Unit on the date hereof, if any,
            and (Y) the difference between the Final Per Share Merger
            Consideration and the Estimated Per Share Merger Consideration;

                  (ii) if the Final Per Share Merger Consideration is less than
            the Estimated Per Share Merger Consideration, then the Capital
            Account and aggregate Capital Contribution amount of any Unit held
            by each Member who contributed such shares shall be reduced by the
            product of (X) the number of shares of PFHC Stock contributed to the
            Company by such Member with respect to such Unit on the date hereof,
            if any, and (Y) the difference between the Estimated Per Share
            Merger Consideration and the Final Per Share Merger Consideration;
            and

                  (iii) if any amount is paid out of the escrow account
            established pursuant to the Indemnity Escrow Agreement (the
            "Indemnity Escrow") pursuant to Section 10.2 of the Pinnacle Merger
            Agreement (the "Escrow Payment"), then the Capital Account and
            aggregate Capital Contribution amount of any Unit held by such
            Member shall be reduced by the product of (X) the number of shares
            of PFHC Stock contributed to the Company with respect to such Unit
            on the date hereof, if any, and (Y) the difference between (1) the
            amount of the Indemnity Escrow that was allocable to a share of
            Pinnacle Foods prior to such Escrow Payment, and (2) the amount of
            the Indemnity Escrow that is allocable to a share of Pinnacle Foods
            after the Escrow Payment is made;

provided, that such adjustment shall only be made immediately prior to the
dissolution of the Company and after taking into account all other adjustments
to such Capital Account set forth in Section 11, and as described in the first
parenthetical in Section 12(e)(ii) for the Fiscal Year that ended with such
dissolution; and, provided, further, that any adjustments made pursuant to this
Section 10(c) shall not affect the number of Units issued to CDM.

            (d) Any Member, including any substitute Member, who shall receive
any Units by means of a Transfer to him of Units by another Member (to the
extent such Transfer is in compliance with this Agreement, the Bylaws and the
Members' Agreement) shall have a Capital Account that reflects the Capital
Account associated with the transferred Units.

            (e) No Member shall have an obligation to the Company or any Member
to restore a negative or deficit Capital Account.

                                       10

<PAGE>

            (f) In determining the amount of any liability for purposes of
Sections 10(a) and (b), there shall be taken into account Code Section 752(c)
and any other applicable provisions of the Code and Treasury Regulations.

            (g) If there is a distribution in kind of Company property, any
unrealized income, gain, loss or deduction inherent in such property shall, for
purposes of maintaining the Units' Capital Accounts and to the extent not
previously reflected in their Capital Accounts, be allocated among the Units as
if there were a taxable disposition of such property for its Fair Market Value
(taking Section 7701(g) of the Code into account) on the date of such
distribution.

            (h) The foregoing provisions and the other provisions of this
Agreement relating to the maintenance of Capital Accounts are intended to comply
with Section 704 of the Code and Treasury Regulation Section 1.704-1(b) and
shall be interpreted and applied in a manner consistent with such provisions.
The Company shall make any adjustments that are necessary or appropriate to
maintain equality between the Capital Accounts of the Units and the amount of
Company capital reflected on the Company's balance sheet as computed for book
purposes in accordance with Section 1.704-1(b)(2)(iv)(q) of the Treasury
Regulations.

      SECTION 11. ALLOCATIONS.

            (a) Net Profits. Except as otherwise provided in this Agreement and
subject to Section 11(c), Net Profits (and, to the extent necessary, individual
items of income, gain, loss, deduction or credit) for each Fiscal Year of the
Company shall be allocated among the Participating Units (including any
Participating Units that have become Participating Units on the date of and as a
result of such allocation) in the following amounts and priority:

                  (i) first, with respect to each Participating Unit, to the
            extent of and in proportion to, the excess, if any, of (x) the
            Capital Account balance attributable to the Participating Unit with
            the highest balance at the end of such Fiscal Year, over (y) the
            Capital Account balance of such Participating Unit, until the
            cumulative Net Profits so allocated with respect to such
            Participating Unit pursuant to this Section 11(a)(i) (net of
            cumulative allocations of Net Loss pursuant to Section 11(b)(i) with
            respect to such Participating Unit) is equal to the amount of such
            excess; and

                  (ii) thereafter, equally to all Participating Units.

            (b) Net Losses. Except as otherwise provided in this Agreement and
subject to Section 11(c), Net Losses (and, to the extent necessary, individual
items of income, gain, loss, deduction or credit) for each Fiscal Year of the
Company shall be allocated among the Participating Units (including any
Participating Units that cease to be Participating Units on the date of and as a
result of such allocation) in the following amounts and priority:

                                       11

<PAGE>

                  (i) first, with respect to each Participating Unit, to the
            extent of and in proportion to, the excess if any of (x) the
            positive Capital Account balance attributable to such Participating
            Unit, over (y) the Capital Account balance attributable to the
            Participating Unit with the lowest Capital Account balance
            determined as of the end of such Fiscal Year; and

                  (ii) thereafter, equally to all Participating Units.

            (c)   Tax Allocations. For United States federal, state and local
income tax purposes, items of income, gain, loss, deduction and credit shall be
allocated to the Members in accordance with the allocations of the corresponding
items for Capital Account purposes under this Section 11, except that items with
respect to which there is a difference between tax basis and Gross Asset Value
will be allocated in accordance with Section 704(c) of the Code, the Treasury
Regulations thereunder and Regulation Section 1.704-1(b)(4)(i).

            (d)   Regulatory Compliance. The provisions of Section 10, Sections
11(a) and (b) and Section 12 and the other provisions of this Agreement relating
to the maintenance of Capital Accounts are intended to comply with Treasury
Regulation Section 1.704-1(b) and shall be interpreted and applied in a manner
consistent with such Treasury Regulation. In furtherance of the foregoing, this
Agreement shall be deemed to include a "qualified income offset" in accordance
with Treasury Regulation Section 1.704-1(b)(2)(ii)(d). The Board shall be
authorized to make appropriate amendments to the allocations of items pursuant
to Sections 11(a) and (b) (i) if necessary in order to comply with Section 704
of the Code or applicable Treasury Regulations thereunder; provided, that no
such change shall affect any amount distributable to any Member pursuant to this
Agreement (ii) to properly allocate items of income, gain, loss, deduction, and
credit to those Members who bear the economic burden or benefit associated
therewith or (iii) to otherwise cause the Members to achieve the economic
objectives underlying this Agreement as reasonably determined by the Board.
Notwithstanding the foregoing, in the event that there are any changes after the
date of this Agreement in applicable tax law, regulations or interpretation, or
any errors, ambiguities, inconsistencies or omissions in this Agreement with
respect to allocations to be made to Capital Accounts which would, individually
or in the aggregate, cause the Members not to achieve in any material respect
the economic objectives underlying this Agreement, the Board may in its sole
discretion make appropriate adjustments to such allocations in order to achieve
or approximate such economic objectives.

      SECTION 12. DISTRIBUTIONS.

            (a)   Withdrawals and Distributions in General. No Member shall have
the right to withdraw or demand distributions of any amount in its Capital
Account, except as expressly provided in this Section 12.

                                       12

<PAGE>

            (b)   Amount and Priority of Distributions.

                  (i) Subject to distributions upon liquidation pursuant to
            Section 18(e), distributions shall be made to the Members at the
            times and in the aggregate amounts determined by the Board. Except
            as provided in Section 12(b)(ii) and 12(e)(ii), such distributions
            shall be made to the Members in accordance with the following
            provisions (with all distributions made to a class of Units to be
            allocated ratably among all Units in such class):

               (A) first, to the Class A Units, Class B Units and Class C Units
   in proportion to, and to the extent of, their unrecovered Capital
   Contributions;

               (B) next, to the Participating Units (as defined below) in
   proportion to, and to the extent of, their Catch-Up Amounts (as defined
   below); and

               (C) thereafter, to the Participating Units in equal amounts.

                  (ii) Notwithstanding Section 12(b)(i), upon the occurrence of
            a positive adjustment to the "Gross Asset Value" of the Company's
            assets pursuant to clause (b) of the definition of "Gross Asset
            Value", and thereafter (and in any event, upon liquidation pursuant
            to Section 18(e)), and in all cases subject to Sections 12(b)(iv)
            and 12(e)(ii), distributions shall be made equally to all
            Participating Units.

                  (iii)For purposes of this Agreement, the following terms shall
            have the meanings defined below:

               (A) "Participating Units" means, as of any date for which an
   allocation or distribution is to be made to, or a sale is to be made of
   Participating Units (a "date of determination"), the sum of:

                              (I) all issued and outstanding Class A Units,
                  Class B Units and Class C Units;

                              (II) all issued and outstanding Class D Units if,
                  and only if, after giving effect to any distributions to be
                  made on such date of determination, the Class A Units shall,
                  in aggregate, have earned (based on an initial $1,000 per Unit
                  purchase price (as adjusted for splits, combinations,
                  reclassifications and the like)) an IRR of at least 15% as of
                  such date of determination; and

                              (III) if, after giving effect to any distributions
                  to be made on such date of determination, the Class A Units
                  shall have earned (based on an initial $1,000 per Unit
                  purchase price (as adjusted for splits, combinations,
                  reclassifications and the like)):

                                       13

<PAGE>

                                    (x) neither (a) an IRR of at least 15% as of
                        such date of determination nor (b) at least $1,500 per
                        Unit (as adjusted for splits, combinations,
                        reclassifications and the like), then none of the Class
                        E Units;

                                    (y) both (a) an IRR of at least 25% as of
                        such date of determination and (b) at least $3,000 per
                        Unit (as adjusted for splits, combinations,
                        reclassifications and the like), then all of the issued
                        and outstanding Class E Units; and

                                    (z) except in the case where the criteria in
                        clause (y) above are satisfied, both (a) an IRR of at
                        least 15% as of such date of determination and (b) at
                        least $1,500 per Unit (as adjusted for splits,
                        combinations, reclassifications and the like), then a
                        number of Class E Units equal to the product of (x) the
                        number of issued and outstanding Class E Units and (y)
                        the average of (I) the quotient of (m) the actual IRR
                        earned (expressed as a decimal) minus (n) 0.15
                        (provided, that the numerator shall not exceed 0.10),
                        divided by 0.10, and (II) the quotient of (m) the
                        aggregate proceeds per Class A Unit actually received
                        minus (n) $1,500 per Unit (as adjusted for splits,
                        combinations, reclassifications and the like) (provided,
                        that the numerator shall not exceed $1,500 per unit (as
                        adjusted for splits, combinations, reclassifications and
                        the like)) divided by $1,500 per Unit (as adjusted for
                        splits, combinations, reclassifications and the like).

For purposes of this Section 12(b)(iii)(A), as of any date of determination, an
amount equal to any Net Profits allocated to a Participating Unit on or before
such date of determination, net of any Net Losses allocated to such
Participating Unit on or before such date of determination, and in each case
attributable to an adjustment to the Gross Asset Value of the Company's assets
pursuant to clause (b) of the definition of "Gross Asset Value" shall be treated
as a distribution made (and amount earned) with respect to such Unit pursuant to
Section 12; provided, however, that the corresponding amount shall not be taken
into account a second time when actually distributed.

               (B) "Catch-Up Amount" means, with respect to any Participating
   Unit (each, a "Subject Unit"), as of any date of determination, the excess,
   if any, of (i) the aggregate distributions made with respect to the
   Participating Unit with respect to which the greatest amount of distributions
   have been made as of such date of determination (provided, that clause (i)
   shall not exceed $1,000 per Unit (as adjusted for splits, combinations,
   reclassifications and the like) over (ii) the aggregate distributions made
   with respect to such Subject Unit as of such date of determination.

                  (iv) Notwithstanding anything herein above to the contrary,
            for each Fiscal Year and before making distributions, if any,
            pursuant to

                                       14

<PAGE>

            Section 12(b), the Company shall distribute to each Member in cash
            no less than the "Tax Distribution Amount." For purposes of this
            Agreement, the "Tax Distribution Amount" for any calendar year for
            any Member shall be an amount equal to the excess of (i) the sum of
            (A) the "Member Tax" of such Member for such calendar year and (B)
            the "Member Tax" of such Member for each previous calendar year
            during which such Member was a Member of the Company, and (ii) the
            sum of all amounts previously distributed to such Member pursuant to
            this Section 12(b)(iv). The "Member Tax" for any calendar year for
            any Member shall be an amount equal to (i) the excess of (A) the
            taxable income allocated to such Member for federal income tax
            purposes for such calendar year, over (B) the amount of taxable
            losses previously allocated to such Member which are permitted to be
            carried forward and offset against such Member's taxable income for
            such calendar year pursuant to Code Sections 172 and 1212,
            multiplied by (ii) 40%. The Board shall estimate and distribute the
            amounts required to be distributed under this Section 12(b)(iv) on a
            quarterly basis and shall reconcile the estimates at the end of each
            Fiscal Year. Any amount distributed to a Member under this Section
            12(b)(iv) with respect to any period (or portion thereof) beginning
            on or after the date of this Agreement, shall be treated as an
            advance against amounts otherwise distributable to such Member under
            Section 12(b) and Section 18(e), such that the aggregate amounts
            distributable to each of the Members pursuant to Sections 12(b),
            Section 18(e), and this Section 12(b)(iv), shall be equal to the
            amount that would have been distributable to each such Member under
            Sections 12(b) and Section 18(e) as if Section 12(b)(iv) were not in
            effect.

            (c) Limitations on Distributions. Notwithstanding any provision to
the contrary contained in this Agreement, the Company shall not be required to
make a distribution to any Member on account of such Member's Units if such
distribution would violate Section 18-607 of the Delaware Act or other
applicable law.

            (d) Restrictions on Distributions. The foregoing provisions of this
Section 12 to the contrary notwithstanding, no distribution shall be made (a) if
such distribution would violate any contract or agreement to which the Company
is then a party or any law, rule, regulation, order or directive of any
governmental authority then applicable to the Company, (b) other than
distributions pursuant to Section 12(b)(iv), to the extent that the Board, in
its sole and absolute discretion, determines that any amount otherwise
distributable should be retained by the Company to pay, or to establish a
reserve for the payment of, any liability or obligation of the Company, whether
liquidated, fixed, contingent or otherwise, or to hedge an existing investment,
or (c) to the extent that the Board, in its sole and absolute discretion,
determines that the cash available to the Company is insufficient to permit such
distribution.

            (e) No Negative Balance in Capital Accounts.

                                       15
<PAGE>

                  (i) Notwithstanding any provision set forth in Sections 11(a)
            and (b), no item of deduction or loss shall be allocated to a
            Participating Unit to the extent the allocation would cause a
            negative balance in such Unit's Capital Account (after taking into
            account the adjustments, allocations and distributions described in
            Treasury Regulations Sections 1.704-1(b)(2)(ii)(d)(4), (5) and (6))
            that exceeds the amount that a Member would be required to reimburse
            the Company with respect to such Unit pursuant to this Agreement or
            under applicable law. If some but not all of the Participating Units
            would otherwise have such excess Capital Account deficits as a
            consequence of such an allocation of loss or deduction, the
            limitation set forth in this Section 12(e) shall be applied on a
            Unit by Unit basis so as to allocate the maximum permissible
            deduction or loss to each Participating Unit under Treasury
            Regulation Section 1.704-1(b)(2)(ii)(d). All deductions and losses
            in excess of the limitations set forth in this Section 12(e) shall
            be allocated to all Participating Units. If any loss or deduction
            shall be specially allocated to a Unit pursuant to either of the two
            preceding sentences, an equal amount of income of the Company shall
            be specially allocated to such Unit prior to any allocation pursuant
            to Sections 11(a) and (b).

                  (ii) Notwithstanding any provision set forth in this
            Agreement, no distribution shall be made with respect to a Class B,
            Class C, Class D or Class E Participating Unit to the extent such
            distribution would cause a negative balance in the Capital Account
            associated with such Unit (after allocating Net Profits and Net
            Losses for the period ending immediately prior to such distribution
            and expected to be allocated for the period that includes such
            distribution and after giving effect to all contributions,
            distributions, adjustments and allocations under this Agreement for
            all periods, and after taking into account the adjustments,
            allocations and distributions described in Treasury Regulations
            Sections 1.704-1(b)(2)(ii)(d)(4), (5) and (6)) that exceeds the
            amount that such Member would be required to reimburse the Company
            with respect to such Unit pursuant to this Agreement or under
            applicable law, and such distribution shall instead be made equally
            to the other Participating Units (subject to this Section
            12(e)(ii)).

      SECTION 13. LIABILITY FOR RETURN OF CAPITAL.

            No Member or Manager shall have any liability for the return of any
Member's Capital Contribution, which Capital Contribution shall be payable
solely from the assets of the Company at the absolute discretion of the Board,
subject to the requirements of the Delaware Act. No Member, nor any
successor-in-interest to any Member, shall have the right, while this Agreement
remains in effect, to have the property of the Company partitioned, or to file a
complaint or institute any proceeding at law or in equity to have the property
of the Company partitioned, and each of the Members, on behalf of itself and its
successors, representatives and assigns, hereby irrevocably waives any such
right.

                                       16

<PAGE>

      SECTION 14. ADMINISTRATIVE MATTERS.

            (a) The Company hereby designates CDM as the "Tax Matters Partner"
for purposes of Code Section 6231 and the regulations promulgated thereunder.
Each of the Members shall be notice partners. The Tax Matters Partner shall
promptly advise each Member of any audit proceedings proposed to be conducted
with respect to the Company. The Tax Matters Partner shall not make any tax
elections or settle or compromise any tax liability or tax audit without the
prior written consent of the Board. The Tax Matters Partner shall take such
actions as are necessary to make each Member a notice partner within the meaning
of Code Section 6231.

            (b) It is the intention of the Members that the Company shall be
taxed as a "partnership" for federal, state, local and foreign income tax
purposes. The Members shall take all reasonable actions, including the amendment
of this Agreement and the execution of other documents, as may reasonably be
required in order for the Company to qualify for and receive "partnership"
treatment for federal, state, local and foreign income tax purposes.

            (c) The books and records of the Company shall be maintained in
accordance with GAAP and Code Section 704(b) and the regulations promulgated
thereunder.

      SECTION 15. NOTICES.

            All notices, requests, demands, claims, consents and other
communications which are required or otherwise delivered hereunder shall be in
writing and shall be deemed to have been duly given if (i) personally delivered,
(ii) sent by nationally recognized overnight courier, (iii) mailed by registered
or certified mail with postage prepaid, return receipt requested, or (iv)
transmitted by facsimile or telecopy (with a copy of such transmission
concurrently transmitted by registered or certified mail with postage prepaid,
return receipt requested), to the parties hereto at the addresses specified in
the Members' Agreement or to such other address as the party to whom such notice
or other communication is to be given may have furnished to each other party in
writing in accordance herewith. Any such notice or communication shall be deemed
to have been received (i) when delivered, if personally delivered or transmitted
by electronic mail, with receipt acknowledgment by the recipient by return
electronic mail, (ii) when sent, if sent by facsimile or telecopy on a Business
Day during normal business hours (or, if not sent on a Business Day during
normal business hours, on the next Business Day after the date sent by facsimile
or telecopy), (iii) on the next Business Day after dispatch, if sent by
nationally recognized, overnight courier guaranteeing next Business Day
delivery, and (iv) on the fifth Business Day following the date on which the
piece of mail containing such communication is posted, if sent by mail.

      SECTION 16. WITHDRAWAL.

            No Member shall have the right to withdraw from the Company except
with the consent of the Board and upon such terms and conditions as may be
specifically agreed upon between the Company and the withdrawing Member. The
provisions hereof with

                                       17

<PAGE>

respect to distributions upon withdrawal are exclusive, and no Member shall be
entitled to claim any further or different distribution upon withdrawal under
Section 18-604 of the Delaware Act or otherwise. This Section 16 shall not apply
to Transfers permitted under this Agreement.

      SECTION 17. ADDITIONAL MEMBERS.

            Subject to Section 3.1 of the Members' Agreement, the Board shall
have the right to cause the Company to issue additional Units and to admit
additional Members upon the acquisition of such Units upon such terms and
conditions, at such time or times, and for such capital contributions as shall
be determined by the Board, subject to the limitations set forth in Section 6.
In connection with the admission of an additional Member, the Board shall amend
SCHEDULE I hereof to reflect the name and address the additional Member. Prior
to the admission of any Person as a Member, such Person shall execute a
counterpart to this Agreement and shall agree to be bound by the terms hereof.

      SECTION 18. DISSOLUTION.

            (a) The Company shall be dissolved and its affairs wound up and
terminated upon the first to occur of the following:

                  (i) the determination by the Board to dissolve the Company; or

                  (ii) any other event causing a dissolution of the Company
            under Section 18-801 of the Delaware Act (including any applicable
            definitions contained in Section 18-101 of the Delaware Act).

            (b) Upon dissolution of the Company, the Company's affairs shall be
promptly wound up in accordance with the provisions of this Section 18. The
Company shall engage in no further business except as may be necessary, in the
reasonable discretion of the Board, to preserve the value of the Company's
assets during the period of dissolution and liquidation.

            (c) Except as otherwise provided in this Agreement, any
distributions to the Members upon a Liquidation Event may be made in cash or in
kind, or partly in cash and partly in kind, as determined by the Board.

            (d) The Net Profits and Net Losses of the Company during a
Liquidation Event shall be allocated among the Members in accordance with the
provisions of Section 11.

            (e) The assets of the Company (including proceeds from the sale or
other disposition of any assets during the period of dissolution and
liquidation) shall be applied as follows:

                                       18

<PAGE>

                  (i) First, to repay any Indebtedness and any other liabilities
            of the Company, whether to third parties or the Members, in the
            order of priority required by law;

                  (ii) Second, to any reserves which the Board reasonably deem
            necessary for contingent or unforeseen liabilities or obligations of
            the Company (which reserves when they become unnecessary shall be
            distributed in accordance with the provisions of (iii) below); and

                  (iii) Third, in accordance with Section 12(b)(ii).

            (f)   A Certificate of Cancellation shall be filed in accordance
with Section 18-203 the Delaware Act upon the dissolution and winding up of the
Company.

      SECTION 19. LIMITATION ON LIABILITY.

            The debts, obligations and Liabilities of the Company, whether
arising in contract, tort or otherwise, shall be solely the debts, obligations
and Liabilities of the Company, and no Member or Manager of the Company shall be
obligated personally for any such debt, obligation or Liability of the Company
solely by reason of being a Member or Manager.

      SECTION 20. AMENDMENTS.

            Subject to Sections 2(d) and 18 hereof, this Agreement may be
amended only upon the written consent of (a) the Board, and (b) a Super Majority
in Interest of Members; provided, however, that (i) any amendment that would
adversely affect the rights or obligations hereunder of any Member, in its
capacity as Member, without similarly affecting the rights or obligations
hereunder of all Members, shall not be effective without such Member's prior
written consent and (ii) any amendment that adversely affects the rights or
obligations hereunder of any class of Units, without similarly affecting the
rights or obligations hereunder of all Members, shall not be effective without
the prior written consent of the holders of a majority of the Units of such
class.

      SECTION 21. CONFIDENTIALITY.

            (a) Each of the Members shall, and shall direct those of its
directors, officers, partners, members, employees, attorneys, accountants,
trustees, consultants, affiliates and advisors (the "Representatives") who have
access to Confidential Information to, keep confidential and not disclose any
Confidential Information without the express consent, in the case of
Confidential Information acquired from the Company, of the Board or, in the case
of Confidential Information which concerns another Member, such other Member,
unless:

                  (i) such disclosure shall be required by applicable law,
            governmental rule or regulation, court order, administrative or
            arbitral

                                       19

<PAGE>

            proceeding or by any bank or insurance regulatory authority having
            jurisdiction over such Member;

                  (ii) such disclosure is reasonably required in connection with
            any tax audit involving the Company or any Member;

                  (iii) such disclosure is reasonably required in connection
            with any litigation against or involving the Company or any Member;

                  (iv) in the case of Bondholder Trust, such disclosure is
            reasonably required in connection with communications with holders
            of interests in Bondholder Trust regarding their interests in the
            Company and the exercise of Bondholder Trust's rights under this
            Agreement, the Members Agreement and the Registration Rights
            Agreement, so long as each such holder is advised that they are
            receiving such information subject to the confidentiality provisions
            of this Agreement; or

                  (v) such disclosure is reasonably required in connection with
                  any proposed Transfer of all or any part of a Member's
                  interest or a participation in the Company; provided, that
                  with respect to the use of any Confidential Information in any
                  proposed Transfer, any proposed transferee shall have entered
                  into a confidentiality agreement with terms substantially
                  similar to the terms of this Section 21.

Notwithstanding the foregoing, (i) the Board may disclose the identity of the
Members to the extent doing so reasonably advances or protects the interests of
the Company; (ii) any Member may disclose to other Persons the amount of its
investment in the Company; and (iii) any Member may disclose Confidential
Information to its financial or investment advisors; provided, that any such
advisor shall have entered into a confidentiality agreement with terms
substantially similar to the terms of this Section 21. Confidential Information
may be used by a Member and its Representatives only in connection with Company
matters and in connection with the maintenance of its interest in the Company.
In addition, any Member or its Representatives may disclose to any and all
Persons, without limitation of any kind, the tax treatment and tax structure of
the transactions contemplated by this Agreement and all materials of any kind
(including opinions or other tax analyses) related to such tax treatment and tax
structure, provided, that this sentence shall not permit any person to disclose
the name of, or other information that would identify, any party to such
transactions or to disclose confidential commercial information regarding such
transactions.

            (b) For purposes of this Section 21, "Confidential Information"
shall mean any information related to the activities of the Company, the Board
or any other Member and their respective Affiliates that a Member may acquire
from the Company, the Board, any entity in which the Company invests or any
other Member, other than information that (i) is already available through
publicly available sources of information (other than as a result of disclosure
by such Member in violation of this Section 21), (ii) was available to a Member
on a non-confidential basis prior to its disclosure to such Member by the
Company, or (iii) becomes available to a Member on a non-confidential basis from
a

                                       20

<PAGE>

third party; provided, that such third party is not known by such Member to be
bound by this Agreement or another confidentiality agreement with the Company or
any entity in which the Company invests. Such Confidential Information may
include, without limitation, information that pertains or relates to (A) the
business and affairs of any other Member, (B) any investment or proposed
investment of the Company or (C) any other Company matters.

            (c) If any Member or any Representative of such Member is required
to disclose any of the Confidential Information, such Member will use
commercially reasonable efforts to provide the Company with prompt written
notice so that the Company may seek a protective order or other appropriate
remedy and/or waive compliance with the provisions of this Agreement, and such
Member will use commercially reasonable efforts to cooperate with the Company,
at the expense of the Company, in any effort any such Person undertakes to
obtain a protective order or other remedy. If such protective order or other
remedy is not obtained, or that the Company waives compliance with the
provisions of this Section 21, such Member and its Representatives will furnish
only that portion of the Confidential Information which is required and will
exercise all reasonable efforts to obtain reasonably reliable assurance that the
Confidential Information will be accorded confidential treatment.

            (d) The Board may agree to waive, in its sole discretion, any or all
of the provisions of this Section 21.

      SECTION 22. ENTIRE AGREEMENT.

            Except as otherwise expressly set forth herein, this document
embodies the complete agreement and understanding among the parties hereto with
respect to the subject matter hereof and supersedes and preempts any prior
understandings, agreements or representations by or among the parties, written
or oral, which may have related to the subject matter hereof in any way,
including the Letter Agreement.

      SECTION 23. GOVERNING LAW; CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL.

            (a) Governing Law. This Agreement shall be governed by and construed
in accordance with the domestic laws of the State of Delaware without giving
effect to any choice of law or conflict of law provision or rule (whether of the
State of Delaware or any other jurisdiction) that would cause the application of
the laws of any jurisdiction other than the State of Delaware.

            (b) Consent to Jurisdiction.

                  (i) For all purposes of this Agreement, and for all purposes
            of any Dispute or for recognition or enforcement of any judgment,
            the parties hereto submit to the personal jurisdiction of the courts
            of the State of New York and the Federal courts of the United States
            sitting in New York County, and any appellate court from any such
            state or Federal court, and hereby irrevocably and unconditionally
            agree that all claims with respect to any such claim may be heard
            and determined in such New York court or, to the extent permitted

                                       21

<PAGE>

            by law, in such Federal court. The parties hereto agree that a final
            judgment in any such claim shall be conclusive and may be enforced
            in any other jurisdiction by suit on the judgment or in any other
            manner provided by law. Nothing in this Agreement shall affect any
            right that any party may otherwise have to bring any claim relating
            to this Agreement or any related matter against any other party or
            its assets or properties in the courts of any jurisdiction.

                  (ii) Each of the parties hereto irrevocably and
            unconditionally waives, to the fullest extent it may legally and
            effectively do so, any objection which it may now or hereafter have
            to the laying of venue of any suit, action or proceeding arising out
            of or relating to this Agreement or any related matter in any New
            York state or Federal court located in New York County and the
            defense of an inconvenient forum to the maintenance of such claim in
            any such court.

            (c)   Waiver of Jury Trial. Each of the parties hereto hereby
irrevocably waives its, his or her right to a jury trial of any claim or cause
of action based upon or arising out of this Agreement or any dealings between
the parties hereto relating to the subject matter hereof. Each of the parties
hereto also waives any bond or surety or security upon such bond that might, but
for this waiver, be required of the other party. The scope of this waiver is
intended to be all encompassing of any and all disputes that may be filed in any
court and that relate to the subject matter of this Agreement, including
contract claims, tort claims, breach of duty claims, and all other common law
and statutory claims. Each of the parties hereto acknowledges that this waiver
is a material inducement to enter into this Agreement. Each of the parties
hereto further warrants and represents that it, he or she has reviewed or had
the opportunity to review this waiver with its, his or her respective legal
counsel, and that it, he or she knowingly and voluntarily waives its, his or her
jury trial rights following consultation with such legal counsel. In the event
of litigation, this Agreement may be filed as a written consent to a trial by
the court.

      SECTION 24. SUCCESSORS AND ASSIGNS.

            This Agreement shall bind and inure to the benefit of the parties
and their respective successors and assigns, transferees, legal representatives
and heirs; provided, however, that the rights under this Agreement shall not be
assignable by any Member, except in connection with a Transfer not prohibited by
this Agreement and the Members' Agreement.

      SECTION 25. NO THIRD PARTY BENEFICIARIES.

            None of the provisions in this Agreement shall be for the benefit of
or enforceable by any person other than the parties to this Agreement and their
respective successors and assigns.

                                       22

<PAGE>

      SECTION 26. FURTHER ASSURANCES.

            Each Member shall execute all such certificates and other documents
and shall do all such other acts as the Board deem appropriate to comply with
the requirements of law for the formation of the Company and to comply with any
laws, rules, regulations and third-party requests relating to the acquisition,
operation or holding of the property of the Company.

      SECTION 27. COUNTERPARTS; FACSIMILE SIGNATURES.

            This Agreement may be executed in counterparts, each of which shall
be deemed an original, but all of which taken together shall constitute one and
the same Agreement. Facsimile counterpart signatures to this Agreement shall be
acceptable and binding.

                  [Remainder of Page Intentionally Left Blank]

                                       23

<PAGE>

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

                                            THE COMPANY:

                                            CRUNCH EQUITY HOLDING, LLC

                                            By: /S/ JONATHAN LYNCH
                                                ----------------------------
                                                Name: Jonathan Lynch

                                Signature Page-1

<PAGE>

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

                                            MEMBERS:

                                            J.P. MORGAN PARTNERS (BHCA), L.P.

                                            By: JPMP MASTER FUND MANAGER,
                                                L.P.,
                                                its general partner

                                            By: JPMP CAPITAL CORP.,
                                                its general partner

                                            By: /S/ JONATHAN LYNCH
                                                ------------------------
                                                Name: Jonathan Lynch

                                            J.P. MORGAN PARTNERS GLOBAL
                                            INVESTORS, L.P.

                                            By: JPMP GLOBAL INVESTORS, L.P.,
                                                its general partner

                                            By: JPMP CAPITAL CORP.,
                                                its general partner

                                            By: /S/ JONATHAN LYNCH
                                                ------------------------
                                                Name: Jonathan Lynch

                                Signature Page-2

<PAGE>

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

                                            J.P. MORGAN PARTNERS GLOBAL
                                            INVESTORS (CAYMAN), L.P.

                                            By: JPMP GLOBAL INVESTORS, L.P.,
                                                a general partner

                                            By: JPMP CAPITAL CORP.,
                                                its general partner

                                            By: /S/ JONATHAN LYNCH
                                                -------------------------
                                                Name: Jonathan Lynch

                                            J.P. MORGAN PARTNERS GLOBAL
                                            INVESTORS A, L.P.

                                            By: JPMP GLOBAL INVESTORS, L.P.,
                                                a general partner

                                            By: JPMP CAPITAL CORP.,
                                                its general partner

                                            By: /S/ JONATHAN LYNCH
                                                -----------------------------
                                                Name: Jonathan Lynch

                                            J.P. MORGAN PARTNERS GLOBAL
                                            INVESTORS (CAYMAN) II, L.P.

                                            By: JPMP GLOBAL INVESTORS, L.P.,
                                                a general partner

                                            By: JPMP CAPITAL CORP.,
                                                its general partner

                                            By: /S/ JONATHAN LYNCH
                                                ---------------------------
                                                Name: Jonathan Lynch

                                Signature Page-3

<PAGE>

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

                                            J.W. CHILDS EQUITY PARTNERS III,
                                            L.P.

                                            By: J.W. Childs Advisors III, L.P.,
                                                as general partner

                                            By: J.W. Childs Associates, L.P.,
                                                as general partner

                                            By: J.W. Childs Associates, Inc.,
                                                as general partner

                                            By: /S/ ADAM SUTTIN
                                                ----------------------------
                                                Name: Adam Suttin

                                            JWC FUND III CO-INVEST,  LLC

                                            By: J.W. Childs Associates, L.P., as
                                                manager

                                            By: J.W. Childs Associates, Inc., as
                                                general partner

                                            By: /S/ ADAM SUTTIN
                                                -------------------------
                                                Name: Adam Suttin

                                Signature Page-4

<PAGE>

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

                                            CRUNCH EQUITY VOTING TRUST

                                            By: /S/ KENNETH LIANG
                                                ----------------------
                                                Name: Kenneth Liang
                                                Title: Managing Director

                                Signature Page-5

<PAGE>

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

                                            CDM INVESTOR GROUP LLC

                                            By: /S/ C. DEAN METROPOULOS
                                                ----------------------------
                                            Name: C. Dean Metropoulos

                                Signature Page-6

<PAGE>

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

                                          CO-INVESTMENT PARTNERS, L.P.

                                          By: CIP Partners LLC, Managing Member

                                          By: /S/ WALTER M. CAIN
                                              ---------------------------
                                              Name:  Walter M. Cain
                                              Title:  Member

                                Signature Page-7

<PAGE>

                                                                         ANNEX I

                                   DEFINITIONS

            "Affiliate" means, with respect to any Person, (a) a director or
executive officer of such Person, (b) any other Person that directly, or
indirectly through one or more intermediaries, controls, or is controlled by, or
is under common control with, such Person, and (c) any Family Vehicle or Family
Member of such Person or of any of the Persons described in clause (a) or (b).
For the purposes of this definition, the term "controls", "is controlled by" or
"under common control with" means (i) the direct or indirect ownership of in
excess of 50% of the equity interests (or interests convertible into or
otherwise exchangeable for equity interests) in a Person, or (ii) possession of
the Securities carrying the direct or indirect right to vote in excess of 50% of
the voting Securities or elect in excess of 50% of the Board of Directors or
other governing body of a Person (whether by Securities ownership, contract or
otherwise).

            "Agreement" has the meaning ascribed to such term in the caption to
this Agreement.

            "Applicable Law" means all provisions of laws, statutes, ordinances,
rules, regulations, permits, certificates or orders of any Governmental
Authority applicable to the Company, any Member or any of its Affiliates and all
judgments applicable to any Member or any of its Affiliates.

            "Appraiser" means a nationally recognized independent investment
banking firm, independent appraiser or other appropriate independent expert
reasonably acceptable to all members of the Board.

            "Aurora Foods" has the meaning ascribed to such term in Section
3(b).

            "Aurora Merger Agreement" means the Agreement and Plan of
Reorganization and Merger, dated as of November 24, 2003, by and between Aurora
and the Company.

            "Aurora Transaction" means the reorganization of Aurora Foods
whereby Aurora Foods is combined with Pinnacle Foods and the acquisition by
Crunch Holding of a direct or indirect equity interest in such combined company.

            "Board" means the board of managers, or similar governing body, of
the Company.

            "Bondholder Trust" means Crunch Equity Voting Trust, a Delaware
business trust.

            "Bylaws" means the Bylaws of the Company as amended from time to
time, which are expressly incorporated by reference into this Agreement and the
form of which is

                                       A-1

<PAGE>

attached to this Agreement as EXHIBIT B and are hereby adopted and approved by
the Members.

            "Business Day" means any day that is not a Saturday, Sunday, legal
holiday or other day on which banks are required to be closed in New York, New
York.

            "Capital Account" has the meaning ascribed to such term in Section
10.

            "Capital Contribution" means, with respect to any Member, the amount
of capital contributed by such Member to the Company.

            "Catch Up Amount" has the meaning ascribed to such term in Section
12(b)(ii).

            "CDM" means CDM Investors Group LLC, a Delaware limited liability
company.

            "CDM Employment Agreements" has the meaning ascribed to such term in
the Members' Agreement.

            "CDM Executives" has the meaning ascribed to such term in the
Members' Agreement.

            "Certificate" has the meaning ascribed to such term in Section 2(b).

            "Class A Unit" means one Class A Unit of the Company entitling the
holder thereof to the rights provided by this Agreement with respect to a Class
A Unit.

            "Class B Unit" means one Class B Unit of the Company entitling the
holder thereof to the rights provided by this Agreement with respect to a Class
B Unit.

            "Class C Unit" means one Class C Unit of the Company entitling the
holder thereof to the rights provided by this Agreement with respect to a Class
C Unit.

            "Class D Unit" means one Class D Unit of the Company entitling the
holder thereof to the rights provided by this Agreement with respect to a Class
D Unit.

            "Class E Unit" means one Class E Unit of the Company entitling the
holder thereof to the rights provided by this Agreement with respect to a Class
E Unit.

            "Code" means the U.S. Internal Revenue Code of 1986, as amended, or
any successor Federal statute.

            "Company" has the meaning ascribed to such term in the caption to
this Agreement.

                                       A-2

<PAGE>

            "Company Opportunity" shall mean an investment or business
opportunity or prospective economic advantage in which the Company could, but
for the provisions of Section 3(c), have an interest or expectancy.

            "Confidential Information" has the meaning ascribed to such term in
Section 21(b).

            "Confirmation Order" has the meaning ascribed to such term in the
Aurora Merger Agreement.

            "Crunch Holding" has the meaning ascribed to such term in Section
3(b).

            "Delaware Act" means the Delaware Limited Liability Company Act, 6
Del. C. Sect. 18-101 et seq. as amended from time to time and any successor
statute.

            "Depreciation" shall mean, with respect to any Fiscal Year, an
amount equal to the depreciation, amortization or other cost recovery deduction
allowable with respect to an asset for Federal income tax purposes, except that
if the Gross Asset Value of the asset differs from its adjusted tax basis at the
beginning of such fiscal year, Depreciation shall be determined in accordance
with the methods used for Federal income tax purposes and shall equal the amount
that bears the same ratio to such beginning Gross Asset Value as the
depreciation, amortization or other cost recovery deduction computed for Federal
income tax purposes with respect to such asset bears to such beginning adjusted
Federal income tax basis; provided, however, that if any such asset that is
depreciable or amortizable has an adjusted federal income tax basis at the
beginning of such fiscal year of zero, the rate of Depreciation shall be
determined with reference to such beginning Gross Asset Value using any
reasonable method selected by the Board.

            "Dispute" means all controversies, claims, disputes, and matters in
question arising out of, or relating to, this Agreement.

            "Escrow Payment" has the meaning ascribed to such term in Section
10(c)(iii).

            "Estimated Per Share Merger Consideration" has the meaning ascribed
to such term in the Pinnacle Merger Agreement.

            "Family Member" means, with respect to any individual, each of such
individual's spouse, former spouse(s), siblings, ancestors and lineal
descendants and the lineal descendants of such individual's spouse, former
spouse(s) or siblings (in each case, whether natural or adopted) Notwithstanding
the foregoing, C. Dean Metropoulos and his brother Evan Metropoulos (and each of
their respective lineal descendants as a group) shall not be considered Family
Members of each other for purposes of this Agreement and the Members' Agreement.

                                       A-3

<PAGE>

            "Family Vehicle" means, with respect to any individual, a
partnership, trust or other estate planning vehicle established for the
exclusive benefit of such individual and/or one or more of such individual's
Family Members.

            "Fair Market Value" means, with respect to any asset, the fair
market value determined either: (a) in good faith by the unanimous consent of
the Board (without regard to any minority or illiquidity discounts applicable to
such asset) or (b) in connection with any Transfer described in Section 3.2 of
the Members' Agreement, by the Appraiser; provided, however, that if any member
of the Board objects in writing to a determination pursuant to clause (a) above
within 30 days of such valuation, the matter shall be submitted to the
Appraiser, and the Appraiser's determination of Fair Market Value shall be
conclusive and binding; provided, further, that the fees and costs of the
Appraiser shall be paid by the Member(s) who appointed the objecting Board
member, unless the price as determined by the Appraiser varies by more than 5%
from the price determined by the Board, in which event the Company shall pay
such fees and costs.

            "Final Per Share Merger Consideration" has the meaning ascribed to
such term in the Pinnacle Merger Agreement.

            "Fiscal Year" means each fiscal year of the Company ending on
December 31 of each year or, if earlier, the occurrence of an adjustment to
Gross Asset Value of all Company assets under clause (b) of the definition of
"Gross Asset Value".

            "GAAP" means generally accepted accounting principles as in effect
in the United States from time to time, consistently applied.

            "Governmental Authority" means any national, federal, state, local
or regional (whether domestic or foreign) government, authority,
instrumentality, department, commission, board, bureau, agency or court.

            "Gross Asset Value" means, with respect to any Company asset, such
asset's adjusted basis for federal income tax purposes, except that:

            (a) The initial Gross Asset Value of any asset contributed to the
Company shall be its gross Fair Market Value as of the date of such
contribution.

            (b) The Gross Asset Value of all Company assets shall be adjusted to
equal their respective Fair Market Values, and the resulting unrecognized gain
or loss allocated to the Capital Accounts of the Members as though such assets
had been sold for their respective Fair Market Values as of the following times:
(i) immediately before the acquisition of an additional interest in the Company
by any new or existing Member in exchange for more than a de minimis Capital
Contribution; (ii) upon the Transfer of more than 2% of Class A Units; (iii)
upon the Transfer of more than 10% of the Company's assets (by gross Fair Market
Value); (iv) upon the distribution by the Company to a Member of more than a de
minimis amount of Company assets, unless all Members receive simultaneous
distributions of either undivided interests in the distributed property or
identical Company assets in proportion to their interests in the Company; (v)
the date the

                                       A-4

<PAGE>

Company is liquidated within the meaning of Treasury Regulation Section
1.704-1(b)(2)(ii)(g); and (vi) the termination of the Company pursuant to the
provisions of this Agreement.

            (c) The Gross Asset Values of the Company assets shall be increased
or decreased to the extent required under Treasury Regulation Section
1.704-1(b)(2)(iv)(m) in the event that the adjusted tax basis of Company assets
are adjusted pursuant to Code Sections 732, 734 or 743.

            (d) The Gross Asset Value of a Company asset that is distributed
(whether in liquidation of the Company or otherwise) to one or more Members
shall be adjusted to equal its Fair Market Value, and the resulting unrecognized
gain or loss allocated to the Capital Accounts of the Members as though such
asset had been sold for such Fair Market Value.

            (e) The Gross Asset Value of a Company asset shall be adjusted by
the Depreciation attributable to such asset.

            "Gross Profit" means items of income and gain of the Company
determined in the same manner as Net Profits and Net Losses (without regard to
clause (h) of the definition of "Net Profits" and "Net Losses".

            "Indebtedness" of any Person means, without duplication, (a) all
obligations of such Person for borrowed money or with respect to deposits or
advances of any kind, (b) all obligations of such Person evidenced by (or which
customarily would be evidenced by) bonds, debentures, notes or similar
instruments, (c) all reimbursement obligations of such Person with respect to
letters of credit and similar instruments, (d) all obligations of such Person
under conditional sale or other title retention agreements relating to property
or assets purchased by such Person, (e) all obligations of such Person incurred,
issued or assumed as the deferred purchase price of property other than accounts
payable incurred and paid on terms customary in the business of such Person (it
being understood that the "deferred purchase price" in connection with any
purchase of property or assets shall include only that portion of the purchase
price which shall be deferred beyond the date on which the purchase is actually
consummated), (f) all obligations secured by (or for which the holder of such
Indebtedness has an existing right, contingent or otherwise, to be secured by)
any lien on property owned or acquired by such Person, whether or not the
obligations secured thereby have been assumed, (g) all obligations of such
Person under forward sales, futures, options and other similar hedging
arrangements (including interest rate hedging or protection agreements), (h) all
obligations of such Person to purchase or otherwise pay for merchandise,
materials, supplies, services or other property under an arrangement which
provides that payment for such merchandise, materials, supplies, services or
other property shall be made regardless of whether delivery of such merchandise,
materials, supplies, services or other property is ever made or tendered, (i)
all guaranties by such Person of obligations of others and (j) all capitalized
lease obligations of such Person.

            "Indemnity Escrow" has the meaning ascribed to such term in Section
10(c)(iii).

                                       A-5

<PAGE>

            "Indemnity Escrow Agreement" has the meaning ascribed to such term
in the Pinnacle Merger Agreement.

            "Interest" means the ownership interest of a Member in the Company
as represented by such Member's Units, consisting of (a) such Member's ownership
of Units and right to receive a portion of distributions, (b) such Member's
right to vote or grant or withhold consents with respect to Company matters as
provided herein or in the Delaware Act and (c) such Member's other rights and
privileges as provided herein or in the Delaware Act.

            "IRR" means a calculation made in good faith by the Board in
accordance with generally accepted financial principles, which shall set forth
the pre-tax, compounded annual internal rate of return realized on the Class A
Units, taken as a whole, whether outstanding at the time of calculation or
previously redeemed, including as a return on such Class A Units (a) cash
distributions made by the Company in respect of Class A Units, including
distributions attributable to an adjustment to Gross Asset Value treated as made
by the Company under Section 12(b)(iii)(A) (to the extent provided for therein)
attributable to an adjustment to the Gross Asset Value of the Company's assets
pursuant to clause (b) of the definition of "Gross Asset Value" (other than tax
distributions made pursuant to Section 12(b)(iv); such tax distributions shall
be deemed received for purposes of calculating IRR on the day the aggregate
amounts previously distributed in respect of such Class A Unit pursuant to
Section 12(b)(i)(A) (without regard to tax distributions made pursuant to
Section 12(b)(iv)) equal or exceed the initial Capital Contribution in respect
of such Class A Unit); and (b) the value of any distribution in kind (which
shall be valued as described in Section 10(g)). Closing fees, transaction fees,
management fees or other similar fees received from the Company by holders of
Class A Units shall not be considered in calculating IRR.

            "Letter Agreement" means the Letter Agreement, dated as of August 8,
2003, among J.P. Morgan Partners, LLC, Crunch Holding, C. Dean Metropoulos &
Co., C. Dean Metropoulos, Mike Dion, Evan Metropoulos and Lou Pellicano.

            "Liability" means any liability or obligation, whether known or
unknown, asserted or unasserted, absolute or contingent, accrued or unaccrued,
liquidated or unliquidated and whether due or to become due, regardless of when
asserted.

            "Liquidation Event" means the occurrence or consummation of (i) any
voluntary or involuntary liquidation, dissolution or winding-up of the affairs
of the Company and (ii) any Sale of the Company.

            "Manager" means a manager on the Board as designated in, or selected
pursuant to, the provisions of this Agreement, the Bylaws and the Members'
Agreement.

            "Member" means any Person holding a Unit and party to this Agreement
and the Members' Agreement, and any Person who shall be admitted as additional
or substituted Member pursuant to this Agreement, so long as such Person shall
remain a Member.

                                       A-6

<PAGE>

            "Member Tax" has the meaning ascribed to such term in Section
12(b)(iii).

            "Members' Agreement" means the Amended and Restated Members'
Agreement, dated as of the date hereof and attached to this Agreement as EXHIBIT
C, among the Company and certain holders of Units, as such may be amended,
waived, supplemented, restated or otherwise modified from time to time.

            "Net Profits" and "Net Losses" means, with respect to any Fiscal
Year, an amount equal to the taxable income or loss of the Company as determined
for federal income tax purposes in accordance with Section 703(a) of the Code
(for this purpose, all items of income, gain, loss or deduction required to be
separately stated under Section 703(a)(1) shall be included in taxable income or
loss), with the following adjustments:

            (a) Such taxable income or loss shall be increased by the amount, if
any, of tax-exempt income, as described in Section 705(a)(1)(B) of the Code,
received or accrued by the Company;

            (b) Such taxable income or loss shall be reduced by the amount, if
any, of all expenditures of the Company described in Section 705(a)(2)(B) of the
Code, including expenditures treated as described therein under Section
1.704-1(b)(2)(iv)(i) of the Treasury Regulations;

            (c) If the Gross Asset Value of any asset is adjusted pursuant to
clause (b) or (c) of the definition of Gross Asset Value, the amount of such
adjustment shall be taken into account, immediately prior to the event giving
rise to such adjustment, as gain or loss from the disposition of such asset for
purposes of computing Net Profits or Net Losses;

            (d) Gain or loss resulting from any disposition of any asset with
respect to which gain or loss is recognized for federal income tax purposes
shall be computed by reference to the Gross Asset Value of the asset disposed
of, notwithstanding that such Gross Asset Value differs from the adjusted tax
basis of such asset;

            (e) In lieu of the depreciation, amortization, or other cost
recovery deductions taken into account in computing such taxable income or loss,
there shall be taken into account Depreciation for such fiscal year;

            (f) To the extent an adjustment to the adjusted tax basis of any
Company asset pursuant to Code Section 734(b) is required, pursuant to Treasury
Regulation Section 1.704-1(b)(1)(iv)(m)(4), to be taken into account in
determining Capital Accounts as a result of a distribution other than in
liquidation of a Member's interest in the Company, the amount of such adjustment
shall be treated as an item of gain (if the adjustment increases the basis of
the asset) or loss (if the adjustment decreases such basis) from the disposition
of such asset and shall be taken into account for purposes of computing Net
Profit or Net Loss;

            (g) Notwithstanding any other provision of this definition, any
items that are specially allocated pursuant to Sections 11(d) hereof shall not
be taken into account in computing Net Profits and Net Losses; and

                                       A-7

<PAGE>

            (h) Notwithstanding any other provision of this definition, any
items of Gross Income that are allocated pursuant to Section 11(c) shall not be
taken into account in computing Net Profits and Net Losses.

            "Original Agreement" has the meaning ascribed to such term in the
preamble to this Agreement.

            "Participating Units" has the meaning ascribed to such term in
Section 12(b)(iii).

            "Person" means, and shall be construed broadly and shall include, an
individual, a partnership, a corporation, an association, a joint stock company,
a limited liability company, a trust, a joint venture, an unincorporated
organization and a governmental entity or any department, agency or political
subdivision thereof.

            "PFHC Stock" means the common stock, $0.01 par value per share, of
Pinnacle Foods.

            "Pinnacle Foods" has the meaning ascribed to such term in Section
3(b).

            "Pinnacle Merger Agreement" means the Agreement and Plan of Merger,
dated as of August 8, 2003, by and among Pinnacle Foods Holding Corporation,
Crunch Holding, Crunch Acquisition Corp. and HMTF PF, L.L.C., in its capacity as
representative.

            "Pinnacle Transaction" means the merger of Crunch Acquisition Corp.
with and into Pinnacle Foods, with Pinnacle Foods surviving the merger as a
wholly owned subsidiary of Crunch Holding and the acquisition by the Company of
a direct or indirect equity interest in Pinnacle Foods.

            "Representatives" has the meaning ascribed to such term in Section
21(a).

            "Sale of the Company" means (a) the sale or Transfer (in one or a
series of related transactions) of all or substantially all of the Company's
assets to a Person or a group of Persons acting in concert, (b) the sale or
Transfer (in one or a series of related transactions) of a majority of the
outstanding equity interests of the Company, to a Person or a group of Persons
acting in concert, or (c) the merger or consolidation of the Company with or
into another Person that is not an Affiliate of the Company, in each case in
clauses (b) and (c) above, under circumstances in which the holders of a
majority in voting power of the outstanding equity interests of the Company,
immediately prior to such transaction, own less than a majority in voting power
of the outstanding equity interests of the Company, or the surviving or
resulting corporation, entity or acquirer, as the case may be, immediately
following such transaction.

            "Securities Act" means the U.S. Securities Act of 1933, as amended,
or any successor Federal statute, and the rules and regulations of the
Securities and Exchange Commission thereunder, all as the same shall be in
effect from time to time.

                                       A-8

<PAGE>

            "Securities" means any form of common or preferred equity of any
Person, including the Units (including warrants, rights, put and call options
and other options relating thereto or any combination thereof), notes, bonds,
debentures, trust receipts and other obligations, instruments or evidences of
indebtedness, choices in action, other property or interests commonly regarded
as securities, interests in real property, whether improved or unimproved, and
interests in personal property of all kinds, tangible or intangible (including
cash and bank deposits).

            "Subject Unit" has the meaning ascribed to such term in Section
12(b)(ii).

            "Subscription Agreement" means the Subscription Agreement, dated as
of August 22, 2003, between the Company and Crunch Holding.

            "Super Majority in Interest of Members" means, at any time, the
Members who hold in the aggregate 66 2/3% or more of the voting power of the
Units outstanding at such time.

            "Tax Distribution Amount" has the meaning ascribed to such term in
Section 12(b)(iii).

            "Tax Matters Partner" has the meaning ascribed to such term in
Section 14(a).

            "Transfer" means, as to any Security or asset, to sell, or in any
other way voluntarily or involuntarily transfer, assign, gift, pledge, grant a
security interest in, distribute, encumber or otherwise dispose of (including
any transfer of any such Security or asset by will, gift or intestate succession
or the foreclosure or other acquisition by any lender with respect to any such
Security or asset pledged to such lender by the holder of such Security or
asset), such Security or asset, either voluntarily or involuntarily and with or
without consideration; provided, that, for purposes of Section 3.12 of the
Members' Agreement and the definition of "Gross Asset Value", a Transfer shall
also include any redemption, recapitalization or extraordinary distribution with
respect to such Security or asset.

            "Treasury Regulations" means regulations promulgated pursuant to the
Code.

            "Unit Certificate" has the meaning ascribed to such term in Section
6(e).

            "Units" means, collectively or individually, the Class A Units, the
Class B Units, the Class C Units, the Class D Units and the Class E Units, and
shall also include any equity security issued in respect of or in exchange for
Units, whether by way of dividend or other distribution, split,
recapitalization, merger, rollup transaction, consolidation, conversion or
reorganization.

                                       A-9
<PAGE>

                                                                      SCHEDULE I

                                MEMBERS' SCHEDULE

<TABLE>
<CAPTION>
                                                CLASS A UNITS               CLASS B UNITS             CLASS C UNITS
                                                  AGGREGATE                   AGGREGATE                 AGGREGATE
    NAME AND ADDRESS OF           CLASS A          CAPITAL         CLASS       CAPITAL      CLASS C      CAPITAL      CLASS D
          MEMBER                   UNITS         CONTRIBUTION     B UNITS    CONTRIBUTION    UNITS     CONTRIBUTION    UNITS
---------------------------      ---------      --------------    -------   -------------   -------   -------------   -------
<S>                              <C>            <C>               <C>       <C>             <C>       <C>             <C>
J.P. Morgan Partners
(BHCA), L.P.                     69,269.58      $69,269,584.15       0           N/A           0            N/A          0
c/o J.P. Morgan Partners         (Pinnacle)
1221 Avenue of the Americas
40th Floor
New York, New York 10020         26,516.51      $26,516,512.10       0           N/A           0            N/A          0
Attention:  Official              (Aurora)
Notices Clerk
FBO Stephen P. Murray
Telephone:  (212) 899-3400
Facsimile:

J.P. Morgan Partners
Global Investors, L.P.           12,183.01      $12,183,014.89       0           N/A           0            N/A          0
c/o J.P. Morgan Partners         (Pinnacle)
1221 Avenue of the Americas
40th Floor
New York, New York 10020          4,663.68      $ 4,663,678.37       0           N/A           0            N/A          0
Attention:  Official              (Aurora)
Notices Clerk
FBO Stephen P. Murray
Telephone:  (212) 899-3400
Facsimile:

J.P. Morgan Partners
Global Investors (Cayman),        6,116.43      $ 6,116,425.13       0           N/A           0            N/A          0
L.P.                             (Pinnacle)
c/o J.P. Morgan Partners
1221 Avenue of the Americas
40th Floor                        2,341.38      $ 2,341,377.72       0           N/A           0            N/A          0
New York, New York 10020          (Aurora)
Attention:  Official
Notices Clerk
FBO Stephen P. Murray
Telephone:  (212) 899-3400
Facsimile:

<CAPTION>
                                    CLASS D UNITS            CLASS E UNITS
                                      AGGREGATE                AGGREGATE
    NAME AND ADDRESS OF                CAPITAL     CLASS E      CAPITAL
          MEMBER                     CONTRIBUTION   UNITS     CONTRIBUTION
---------------------------         -------------  -------   -------------
<S>                                 <C>            <C>       <C>
J.P. Morgan Partners
(BHCA), L.P.                              N/A         0            N/A
c/o J.P. Morgan Partners
1221 Avenue of the Americas
40th Floor
New York, New York 10020                  N/A         0            N/A
Attention:  Official
Notices Clerk
FBO Stephen P. Murray
Telephone:  (212) 899-3400
Facsimile:

J.P. Morgan Partners
Global Investors, L.P.                    N/A         0            N/A
c/o J.P. Morgan Partners
1221 Avenue of the Americas
40th Floor
New York, New York 10020                  N/A         0            N/A
Attention:  Official
Notices Clerk
FBO Stephen P. Murray
Telephone:  (212) 899-3400
Facsimile:

J.P. Morgan Partners
Global Investors (Cayman),                N/A         0            N/A
L.P.
c/o J.P. Morgan Partners
1221 Avenue of the Americas
40th Floor                                N/A         0            N/A
New York, New York 10020
Attention:  Official
Notices Clerk
FBO Stephen P. Murray
Telephone:  (212) 899-3400
Facsimile:
</TABLE>

            `                      Schedule I-1

<PAGE>

<TABLE>
<CAPTION>
                                                CLASS A UNITS               CLASS B UNITS             CLASS C UNITS
                                                  AGGREGATE                   AGGREGATE                 AGGREGATE
    NAME AND ADDRESS OF           CLASS A          CAPITAL         CLASS       CAPITAL      CLASS C      CAPITAL      CLASS D
          MEMBER                   UNITS         CONTRIBUTION     B UNITS    CONTRIBUTION    UNITS     CONTRIBUTION    UNITS
---------------------------      ---------      --------------    -------   -------------   -------   -------------   -------
<S>                              <C>            <C>               <C>       <C>             <C>       <C>             <C>
J.P. Morgan Partners
Global Investors (Cayman)           684.01      $   684,010.26       0           N/A           0           N/A           0
II, L.P.                         (Pinnacle)
c/o J.P. Morgan Partners
1221 Avenue of the Americas
40th Floor                          261.84      $   261,840.27       0           N/A           0           N/A           0
New York, New York 10020          (Aurora)
Attention:  Official
Notices Clerk
FBO Stephen P. Murray
Telephone:  (212) 899-3400
Facsimile:

J.P. Morgan Partners
Global Investors A, L.P.          1,871.97      $ 1,871,965.57       0           N/A           0           N/A           0
c/o J.P. Morgan Partners         (Pinnacle)
1221 Avenue of the Americas
40th Floor
New York, New York 10020            716.59      $   716,591.54       0           N/A           0           N/A           0
Attention:  Official              (Aurora)
Notices Clerk
FBO Stephen P. Murray
Telephone:  (212) 899-3400
Facsimile:

J.W. Childs Equity
Partners  III, L.P.              87,658.527     $87,658,527.00       0           N/A           0           N/A           0
111 Huntington Avenue -          (Pinnacle)
Suite 2900
Boston, MA 02199-7610               41,299      $41,299,000.00
Attention:  Adam L. Suttin        (Aurora)
Telephone:  (617) 753-1100
Facsimile:  (617) 753-1101
JWC Fund III Co-Invest, LLC      2,466.473      $    2,466,473       0           N/A           0           N/A           0
111 Huntington Avenue -          (Pinnacle)
Suite 2900
Boston, MA 02199-7610                  701      $   701,000.00
Attention:  Adam L. Suttin        (Aurora)
Telephone:  (617) 753-1100
Facsimile:  (617) 753-1101

<CAPTION>
                                 CLASS D UNITS            CLASS E UNITS
                                   AGGREGATE                AGGREGATE
    NAME AND ADDRESS OF             CAPITAL     CLASS E      CAPITAL
          MEMBER                  CONTRIBUTION   UNITS     CONTRIBUTION
---------------------------      -------------  -------   -------------
<S>                              <C>            <C>       <C>
J.P. Morgan Partners
Global Investors (Cayman)             N/A          0           N/A
II, L.P.
c/o J.P. Morgan Partners
1221 Avenue of the Americas
40th Floor                            N/A          0           N/A
New York, New York 10020
Attention:  Official
Notices Clerk
FBO Stephen P. Murray
Telephone:  (212) 899-3400
Facsimile:

J.P. Morgan Partners
Global Investors A, L.P.              N/A          0           N/A
c/o J.P. Morgan Partners
1221 Avenue of the Americas
40th Floor
New York, New York 10020              N/A          0           N/A
Attention:  Official
Notices Clerk
FBO Stephen P. Murray
Telephone:  (212) 899-3400
Facsimile:

J.W. Childs Equity
Partners  III, L.P.                   N/A          0           N/A
111 Huntington Avenue -
Suite 2900
Boston, MA 02199-7610
Attention:  Adam L. Suttin
Telephone:  (617) 753-1100
Facsimile:  (617) 753-1101
JWC Fund III Co-Invest, LLC           N/A          0           N/A
111 Huntington Avenue -
Suite 2900
Boston, MA 02199-7610
Attention:  Adam L. Suttin
Telephone:  (617) 753-1100
Facsimile:  (617) 753-1101
</TABLE>

            `                      Schedule I-2

<PAGE>

<TABLE>
<CAPTION>
                                                CLASS A UNITS               CLASS B UNITS             CLASS C UNITS
                                                  AGGREGATE                   AGGREGATE                 AGGREGATE
    NAME AND ADDRESS OF           CLASS A          CAPITAL         CLASS       CAPITAL      CLASS C      CAPITAL      CLASS D
          MEMBER                   UNITS         CONTRIBUTION     B UNITS    CONTRIBUTION    UNITS     CONTRIBUTION    UNITS
---------------------------     ----------      --------------    -------   -------------  ---------  -------------   -------
<S>                             <C>             <C>               <C>       <C>            <C>        <C>            <C>
Co-Investment Partners, L.P.         7,500
660 Madison Avenue, 23rd          (Aurora)      $    7,500,000       0                N/A          0            N/A          0
Floor
New York, NY  10021
Attention:  Bart D. Osman
Telephone:  (212) 754-0411
Facsimile:  (212) 754-1494

Crunch Equity Voting Trust
c/o Oaktree Capital             236,396.00      $  236,396,000       0                N/A          0            N/A          0
Management                        (Aurora)
333 South Grand Avenue
Los Angeles, California
90071
Attention:  Kenneth Liang
Telephone:  (213) 830-6300
Facsimile:  (213) 830-8522

CDM Investors Group LLC
100 Northfield Street                  250      $      250,000     30,950   $     600,000          0            N/A  11,129.00
Greenwich, Connecticut          (Pinnacle)
06830
Telephone:  (203) 622-6988               0                 N/A       0                N/A  17,071.85  $           0  17,761.61
Facsimile:  (203) 629-6660        (Aurora)

TOTAL:                          500,896.00      $  500,896,000     30,950   $     600,000  17,071.85  $           0  28,890.61

<CAPTION>
                                 CLASS D UNITS             CLASS E UNITS
                                   AGGREGATE                 AGGREGATE
    NAME AND ADDRESS OF             CAPITAL      CLASS E       CAPITAL
          MEMBER                  CONTRIBUTION    UNITS     CONTRIBUTION
---------------------------      -------------   -------    -------------
<S>                              <C>            <C>        <C>
Co-Investment Partners, L.P.
660 Madison Avenue, 23rd                   N/A         0            N/A
Floor
New York, NY  10021
Attention:  Bart D. Osman
Telephone:  (212) 754-0411
Facsimile:  (212) 754-1494

Crunch Equity Voting Trust
c/o Oaktree Capital                        N/A         0            N/A
Management
333 South Grand Avenue
Los Angeles, California
90071
Attention:  Kenneth Liang
Telephone:  (213) 830-6300
Facsimile:  (213) 830-8522

CDM Investors Group LLC
100 Northfield Street            $           0  11,715.00  $          0
Greenwich, Connecticut
06830
Telephone:  (203) 622-6988       $           0  18,696.44  $          0
Facsimile:  (203) 629-6660

TOTAL:                           $           0  30,411.44  $          0
</TABLE>

            `                      Schedule I-3

<PAGE>

                                                                       EXHIBIT A

                            Certificate of Formation
                                 (See Attached)

<PAGE>

                                                                       EXHIBIT B

                              Bylaws of the Company
                                 (See Attached)

<PAGE>

                                                                       EXHIBIT C

                               Members' Agreement
                                 (See Attached)

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