Document:

<PAGE>

                                                                   EXHIBIT 10.31

                                    AMENDMENT No. 2 and WAIVER dated as of
                           November 19, 2004 (this "Amendment"), to the CREDIT
                           AGREEMENT dated as of November 25, 2003 (as amended,
                           supplemented or otherwise modified from time to time,
                           the "Credit Agreement"), among CRUNCH HOLDING CORP.,
                           a Delaware corporation, PINNACLE FOODS GROUP INC. (as
                           successor to PINNACLE FOODS HOLDING CORPORATION), a
                           Delaware corporation (the "Borrower"), the LENDERS
                           from time to time party thereto, DEUTSCHE BANK TRUST
                           COMPANY AMERICAS, as Administrative Agent, GENERAL
                           ELECTRIC CAPITAL CORPORATION, as Syndication Agent,
                           and JPMORGAN CHASE BANK, N.A. (formerly known as
                           JPMorgan Chase Bank), CITICORP NORTH AMERICA, INC.
                           and CANADIAN IMPERIAL BANK OF COMMERCE, as
                           Co-Documentation Agents.

                  A. The Lenders and the Issuing Bank have extended credit to
the Borrower and have agreed to extend credit to the Borrower, in each case
pursuant to the terms and subject to the conditions set forth in the Credit
Agreement.

                  B. Holdings, the Borrower and the Lenders party thereto
entered into Amendment No. 1 and Waiver dated as of November 1, 2004 (the
"Initial Waiver"), to the Credit Agreement.

                  C. The Borrower has requested that the Lenders agree to
reaffirm certain waivers contained in the Initial Waiver and amend certain
provisions of the Credit Agreement as set forth herein, and the Lenders are
willing so to reaffirm such waivers and to amend such provisions, in each case
pursuant to the terms and subject to the conditions set forth herein.

                  D. Capitalized terms used but not defined herein have the
meanings assigned to them in the Credit Agreement.

                  Accordingly, in consideration of the mutual agreements herein
contained and other good and valuable consideration, the sufficiency and receipt
of which are hereby acknowledged, the parties hereto agree as follows:

                  SECTION 1. Waivers. (a) The Lenders hereby waive any Default
or Event of Default arising pursuant to Section 7.01(g) of the Credit Agreement
directly as a result of the Borrower's failure to comply with the requirement of
Section 4.02 of the Senior Subordinated Notes Indenture with respect to the
Borrower's financial statements for the Borrower's fiscal year ended on or about
July 31, 2004, provided that the Borrower complies with such requirement on or
prior to the date on which this Amendment becomes effective.

                  (b) The Lenders hereby waive any Default or Event of Default
arising directly as a result of the failure by the Borrower to comply with the
requirement of Section 5.01(e) of the Credit Agreement that the Borrower furnish
to the Administrative Agent and each Lender through the Administrative Agent,
within 45 days after the commencement of the fiscal year of the Borrower that
began on or about August 1, 2004, a detailed consolidated budget for such

<PAGE>

fiscal year, in the form specified in such Section, provided that the Borrower
complies with such requirement on or prior to the date on which this Amendment
becomes effective.

                  (c) The Lenders hereby waive any Default or Event of Default
arising directly as a result of the failure by the Borrower to comply with the
requirements of Section 5.02(a) of the Credit Agreement that the Borrower
furnish prompt written notice of the Defaults described in clauses (a), (b) and
(d) of Section 1 of the Initial Waiver.

                  SECTION 2. Amendments to Section 1.01. (a) The definition of
"Applicable Rate" in Section 1.01 of the Credit Agreement is hereby amended and
restated in its entirety as follows (effective solely with respect to interest
accruing from and after November 19, 2004):

                           "Applicable Rate" means, for any day (a) with respect
         to any Term Loan, (i) 2.25% per annum, in the case of an ABR Loan, or
         (ii) 3.25% per annum, in the case of a Eurodollar Loan, and (b) with
         respect to any ABR Loan or Eurodollar Loan that is a Revolving Loan, as
         the case may be, the applicable rate per annum set forth below under
         the caption "ABR Spread" or "Eurodollar Spread", as the case may be,
         based upon the Leverage Ratio as of the most recent determination date,
         provided that until the delivery of financial statements pursuant to
         Section 5.01(a) for the Borrower's fiscal year ended July 31, 2004, the
         "Applicable Rate" for purposes of clause (b) shall be the applicable
         rate per annum set forth below in Category 1:

<TABLE>
<CAPTION>
                                                   ABR           EURODOLLAR
LEVERAGE RATIO:                                  SPREAD            SPREAD
---------------                                  ------          ----------
<S>                                              <C>             <C>
Category 1
Ratio is greater than 4.50 to 1.00                2.25%             3.25%
Category 2
Ratio is less than or equal to 4.50 to
1.00 but greater than 4.00 to 1.00                2.00%             3.00%
Category 3
Ratio is less than or equal to 4.00 to 1.00       1.75%             2.75%
</TABLE>

<PAGE>

                  For purposes of the foregoing, (i) the Leverage Ratio shall be
         determined as of the end of each fiscal quarter of the Borrower's
         fiscal year based upon the Borrower's consolidated financial statements
         delivered pursuant to Section 5.01(a) or (b) and (ii) each change in
         the Applicable Rate resulting from a change in the Leverage Ratio shall
         be effective during the period commencing on and including the date
         that is three Business Days after the date of delivery to the
         Administrative Agent of such consolidated financial statements
         indicating such change and ending on the date immediately preceding the
         effective date of the next such change, provided that the Leverage
         Ratio shall be deemed to be in Category 1 (A) at any time that an Event
         of Default has occurred and is continuing or (B) if the Borrower fails
         to deliver the consolidated financial statements required to be
         delivered by it pursuant to Section 5.01(a) or (b), during the period
         from the expiration of the time for delivery thereof until the third
         Business Day after such consolidated financial statements are
         delivered.

                  (b) The definition of the term "Consolidated Cash Interest
Expense" in Section 1.01 of the Credit Agreement is hereby amended by adding the
following text immediately prior to the proviso in such definition: "and (v) to
the extent included in such consolidated interest expense for such period,
non-cash gains or losses arising from marking Swap Agreements to market".

                  (c) The following new definition is hereby added to Section
1.01 of the Credit Agreement in appropriate alphabetical order.

                           "Senior Covenant Leverage Ratio" means, on any date,
         the ratio of (a) Total Indebtedness as of such date (excluding the
         portion of Total Indebtedness as of such date represented by the
         Subordinated Debt) to (b) Consolidated EBITDA for the period of four
         consecutive fiscal quarters of the Borrower ended on such date (or, if
         such date is not the last day of a fiscal quarter, ended on the last
         day of the fiscal quarter of the Borrower most recently ended prior to
         such date for which financial statements are available), provided that
         to the extent the Aurora Acquisition or any Permitted Acquisition,
         Disposition outside the ordinary course of business or discontinuation
         of operations has occurred during the relevant period of four
         consecutive fiscal quarters, such ratio shall be determined for such
         period on a Pro Forma Basis for such occurrences.

                  SECTION 3. Deletion of Section 4.03(c). Section 4.03(c) of the
Credit Agreement is hereby deleted.

                  SECTION 4. Amendment to Section 5.01. Section 5.01 of the
Credit Agreement is hereby amended by deleting (i) the second parenthetical
(including the parenthetical therein) and third parenthetical in paragraph (a)
thereof and (ii) the second parenthetical (including the parenthetical therein)
in paragraph (b) thereof.

                  SECTION 5. Amendment to Section 6.12. Section 6.12 of the
Credit Agreement is hereby amended and restated in its entirety to read as
follows:

                           SECTION 6.12. Interest Expense Coverage Ratio. The
                  Borrower will not permit the ratio of (a) Consolidated EBITDA
                  to (b) Consolidated Cash Interest Expense, in each case in
                  respect of any period of four consecutive fiscal quarters
                  ending on or about any date set forth in the table below, to
                  be less than the ratio set forth below opposite such period,
                  provided that to the extent the Aurora
<PAGE>

                  Acquisition, any Permitted Acquisition, Disposition outside
                  the ordinary course of business or discontinuation of
                  operations has occurred during the relevant period of four
                  consecutive fiscal quarters, such ratio shall be determined
                  for such period on a Pro Forma Basis for such occurrences:

<TABLE>
<CAPTION>
Period                                                            Ratio
------                                                            -----
<S>                                                            <C>
October 31, 2004                                               2.10 to 1.00
December 31, 2004                                              2.10 to 1.00
March 31, 2005                                                 1.50 to 1.00
June 30, 2005                                                  1.60 to 1.00
September 30, 2005                                             2.10 to 1.00
December 31, 2005                                              2.30 to 1.00
March 31, 2006                                                 2.50 to 1.00
June 30, 2006                                                  2.50 to 1.00
September 30, 2006                                             2.50 to 1.00
December 31, 2006                                              2.50 to 1.00
March 31, 2007                                                 2.50 to 1.00
June 30, 2007                                                  2.50 to 1.00
September 30, 2007                                             2.50 to 1.00
December 31, 2007                                              2.50 to 1.00
March 31, 2008                                                 2.75 to 1.00
June 30, 2008                                                  2.75 to 1.00
September 30, 2008                                             2.75 to 1.00
December 31, 2008                                              2.75 to 1.00
March 31, 2009 and thereafter                                  3.00 to 1.00
</TABLE>

                  SECTION 6. Amendment to Section 6.13. Section 6.13 of the
Credit Agreement is hereby amended and restated in its entirety to read as
follows:

                           SECTION 6.13. Leverage Ratio. The Borrower will not
                  permit the Leverage Ratio as of the last day of any fiscal
                  quarter ending on or about any date set forth in the table
                  below to exceed the ratio set forth opposite such period:

<TABLE>
<CAPTION>
Period                                                            Ratio
------                                                            -----
<S>                                                            <C>
March 31, 2006                                                 5.00 to 1.00
June 30, 2006                                                  5.00 to 1.00
September 30, 2006                                             4.75 to 1.00
December 31, 2006                                              4.75 to 1.00
March 31, 2007                                                 4.50 to 1.00
June 30, 2007                                                  4.50 to 1.00
September 30, 2007                                             4.25 to 1.00
December 31, 2007                                              4.25 to 1.00
March 31, 2008 and thereafter                                  4.00 to 1.00
</TABLE>

<PAGE>

                  SECTION 7. Amendment to Article VI. Article VI of the Credit
Agreement is hereby amended by adding the following Section at the end thereof:

                           SECTION 6.15. Senior Covenant Leverage Ratio. The
                  Borrower will not permit the Senior Covenant Leverage Ratio as
                  of the last day of any fiscal quarter ending on or about any
                  date set forth in the table below to exceed the ratio set
                  forth opposite such period:

<TABLE>
<CAPTION>
Period                                                            Ratio
------                                                            -----
<S>                                                            <C>
October 31, 2004                                               4.10 to 1.00
December 31, 2004                                              4.25 to 1.00
March 31, 2005                                                 5.75 to 1.00
June 30, 2005                                                  5.25 to 1.00
September 30, 2005                                             3.75 to 1.00
December 31, 2005                                              3.40 to 1.00
</TABLE>

                  SECTION 8. Elimination of Limitations on Revolving Exposures.
The Lenders hereby agree to the elimination of the limitations on the total
Revolving Exposures set forth in Section 3 of the Initial Waiver.

                  SECTION 9. Prohibition on Certain Transactions; Additional
Conditions and Prepayments; Monthly Reporting. (a) During the period (the
"Amendment Period") beginning on the date hereof and ending on the second
Business Day following the date on which the Borrower delivers to the
Administrative Agent financial statements of the Borrower for the fiscal quarter
ending on or about March 31, 2006, and the related certifications and
certificates of a Financial Officer, in each case as required by Sections
5.01(b) and (c) of the Credit Agreement, Holdings and the Borrower will not, and
will not cause or permit any of the Subsidiaries to, do any of the following:

                  (i)      Obtain any Incremental Extensions of Credit pursuant
                           to Section 2.20 of the Credit Agreement.

                  (ii)     Incur any Indebtedness pursuant to subclause (B) of
                           the proviso to 6.01(a)(vi) of the Credit Agreement.

                  (iii)    In the case of the Borrower, incur Junior
                           Indebtedness pursuant to Section 6.01(a)(x) of the
                           Credit Agreement.

                  (iv)     Allow the aggregate principal amount of Indebtedness
                           outstanding at any time pursuant to Section
                           6.01(a)(xiv) of the Credit Agreement to exceed the
                           aggregate principal amount of such Indebtedness
                           outstanding on November 1, 2004, plus $10,000,000.

                  (v)      Effect any acquisition of a majority of the
                           outstanding Equity Interests in, all or substantially
                           all the assets of, or all or substantially all the
                           assets

<PAGE>
                           constituting a division or line of business of, a
                           Person pursuant to Section 6.04(a), (o), (r) or (u)
                           of the Credit Agreement.

                  (vi)     Allow the aggregate amount of investments outstanding
                           at any time pursuant to clause (ii) of the proviso to
                           Section 6.04(d) of the Credit Agreement to exceed the
                           aggregate amount of such investments outstanding on
                           November 1, 2004, plus $5,000,000.

                  (vii)    Effect any investment pursuant to Section 6.04(r) of
                           the Credit Agreement or any redemption, repurchase or
                           retirement of Indebtedness pursuant to Section
                           6.08(b)(iii) of the Credit Agreement.

                  (viii)   Effect investments pursuant to Section 6.04(u) of the
                           Credit Agreement in an aggregate amount exceeding
                           $5,000,000.

                  (ix)     Effect any investment pursuant to Section 6.04(v) of
                           the Credit Agreement.

                  (x)      Effect Restricted Payments pursuant to Section
                           6.08(a)(iii) of the Credit Agreement in an aggregate
                           amount in excess of $3,000,000.

                  (xi)     Effect any Restricted Payment pursuant to Section
                           6.08(a)(iv) of the Credit Agreement (other than
                           pursuant to the parenthetical in such Section),
                           provided that, after the Amendment Period, the amount
                           of Restricted Payments that would otherwise be
                           permitted under such Section may be increased by the
                           amount of such Restricted Payments that would have
                           been permitted under such Section during the
                           Amendment Period without giving effect to this
                           paragraph (xi), so long as at the time any Restricted
                           Payment is made pursuant to this proviso, after
                           giving effect to such Restricted Payment, the
                           Borrower is in compliance, on a Pro Forma Basis with
                           the covenants contained in Section 6.12, Section 6.13
                           and Section 6.14 of the Credit Agreement recomputed
                           as of the last day of the most recently ended fiscal
                           quarter of the Borrower for which financial
                           statements are available.

                  (xii)    pay any management fees contemplated by Section 2(a)
                           of the Management Agreement dated as of November 25,
                           2003, among the Borrower, Holdings, J.P. Morgan
                           Partners, LLC, and J.W. Childs Associates, L.P.,
                           provided that, after the Amendment Period, the amount
                           of management fees that would otherwise be permitted
                           by Section 6.09 of the Credit Agreement may be
                           increased as and to the extent additional Restricted
                           Payments are made under the proviso to clause (a)(xi)
                           of this Section 8 using the proceeds of such
                           Restricted Payments.

<PAGE>

                  (b) During the Amendment Period, neither Holdings nor the
Borrower will, nor will they permit any Subsidiary Loan Party to, allow any cash
owned by them to be held in a Deposit Account, unless (a) a Lender is the
depositary bank with respect to such Deposit Account, (b) such Loan Party has
complied with clause (i) or (ii) of the first sentence of Section 4.04(b) of the
Collateral Agreement with respect to such Deposit Account, (c) such Deposit
Account is described in clause (A) or (E) of the third sentence of such Section
of the Collateral Agreement or (d) the depositary bank with respect to such
Deposit Account is Mellon Bank and such Deposit Account is described in clause
(C) or (D) of the third sentence of such Section of the Collateral Agreement.

                  (c) During the Amendment Period, in addition to the conditions
set forth in Sections 4.03(a) and (b) of the Credit Agreement, the obligation of
each Lender to make a loan on the occasion of any Borrowing shall be subject to
the following condition:

                  At the time of the Borrowing Request with respect to such
Borrowing, the amount that the Borrower reasonably and in good faith estimates
will be the Cash Amount (as defined below) at 5:00 p.m., New York City time, on
the requested date of such Borrowing (after giving effect to such Borrowing)
shall not exceed $10,000,000, and such Borrowing Request shall contain a
statement to that effect. For purposes of this Amendment, the Cash Amount at any
time on any day shall be equal to (i) the aggregate amount of "cash and cash
equivalents" and "marketable securities" of the Borrower and the Subsidiaries,
in each case that would be required to be reflected on a consolidated balance
sheet of the Borrower and the Subsidiaries prepared as of such time in
accordance with GAAP, minus (ii) the aggregate amount of payments in such cash
and cash equivalents that will be made (and will reduce such cash and cash
equivalents) at or after such time on such day.

                  (d) During the Amendment Period, if, at 5:00 p.m., New York
City time, on the last Business Day of any month, the Cash Amount is more than
$10,000,000, then within three Business Days after such last Business Day the
Borrower shall, to the extent (but only to the extent) that any Revolving
Borrowings and Swingline Loans are then outstanding, prepay Revolving Borrowings
and Swingline Loans to the extent necessary so that, after giving effect to such
prepayment and the receipt by the Borrower of the proceeds of any Revolving
Borrowings and Swingline Loans made or to be made on or after such last Business
Day and on or before the third Business Day thereafter, the Cash Amount will not
exceed $10,000,000, provided that, to the extent that the aggregate principal
amount of Revolving Borrowings and Swingline Loans required to be prepaid on any
Business Day pursuant to the foregoing provisions of this sentence exceeds the
aggregate principal amount of Revolving Borrowings and Swingline Loans
outstanding on such Business Day that are in each case ABR Borrowings, the
Borrower may delay effecting the applicable prepayments of Borrowings required
by this sentence until the earlier of (i) the end of the current Interest Period
or Interest Periods for such Borrowings and (ii) thirty days after such last
Business Day.

                  (e) During the Amendment Period, the Borrower will furnish to
the Administrative Agent and each Lender through the Administrative Agent,
within 30 days after the end of each month, the Borrower's summary consolidated
balance sheet and related statements of operations (including line items showing
gross sales, cases sold and IRI on a brand-by-brand basis for all major brands)
and cash flows as of the end of and for such month (in form and a level of
detail reasonably satisfactory to the Administrative Agent), setting forth in
each case in comparative form the figures for the corresponding period of (or,
in the case of the balance sheet, as of the end of) the previous fiscal year,
all certified by a Financial Officer as

<PAGE>

presenting fairly in all material respects the financial condition and results
of operations of the Borrower and the Subsidiaries on a consolidated basis in
accordance with GAAP consistently applied, subject to normal year-end audit
adjustments, normal quarter-end adjustments and the absence of footnotes.

                  (f) Notwithstanding the foregoing, at any time following the
second Business Day following the Original Compliance Delivery Date (as defined
below), the Borrower may elect, by giving two Business Days' prior written
notice to the Administrative Agent, to terminate (the "Early Termination") the
Amendment Period and the provisions of paragraphs (a), (b), (c), (d) and (e) of
this Section 9. Upon the Early Termination, (i) the amendments to Sections 6.12
and 6.13 of the Credit Agreement set forth in Sections 5 and 6 of this
Amendment, solely as they relate to periods ending on and after the last day of
the most recently completed fiscal quarter or fiscal year of the Borrower prior
to the Original Compliance Delivery Date, and (ii) Section 7 of this Amendment
shall cease to be effective and the provisions of the Credit Agreement in effect
immediately prior to giving effect to such amendments and to Section 7 of this
Amendment will be reinstated. For purposes of this Amendment, the term "Original
Compliance Delivery Date" means the date on which the Borrower delivers to the
Administrative Agent financial statements of the Borrower for the fiscal quarter
ending on or about September 30, 2005, or the fiscal year ending on or about
December 31, 2005, and the related certifications and certificates of a
Financial Officer (and, in the case of such fiscal year, of the accounting firm
that reported on such financial statements), in each case as required by
Sections 5.01(b) and (c) (and 5.01(d), as applicable) of the Credit Agreement
and reasonably satisfactory to the Administrative Agent, provided that all
certifications and determinations required thereby (including as to the
calculation of compliance with the covenants set forth in Sections 6.12 and 6.13
of the Credit Agreement) shall be given or made, as applicable, on the basis of
the covenants in effect under the Credit Agreement immediately prior to giving
effect to this Amendment.

                  SECTION 10. Representations and Warranties. Each of the
Holdings and the Borrower represents and warrants to the Administrative Agent
and to each of the Lenders that:

                  (a) This Amendment has been duly authorized, executed and
delivered by it and constitutes a legal, valid and binding obligation of
Holdings and the Borrower, enforceable against each of them in accordance with
its terms.

                  (b) After giving effect to this Amendment, the representations
and warranties of the Loan Parties in the Loan Documents (i) to the extent any
such representation or warranty is modified or qualified based on the terms
"materially" or "material" or by reference to the term "Material Adverse
Effect", are true and correct in all respects and (ii) to the extent such
representation or warranty is not so modified or qualified, are true and correct
in all material respects, in each case, on and as of the date hereof with the
same effect as if made on and as of the date hereof, except to the extent such
representations and warranties expressly relate to an earlier date.

                  (c) Immediately after giving effect to this Amendment, no
Default has occurred and is continuing.
<PAGE>

                  SECTION 11. Amendment Fee. In consideration of the agreements
of the Lenders contained herein, the Borrower agrees to pay to the
Administrative Agent, for the account of each Lender that delivers an executed
counterpart of this Amendment by 5:00 p.m., New York City time, on November 19,
2004, an amendment fee (the "Amendment Fee") in an amount equal to 0.25% of the
sum of such Lender's Revolving Credit Exposures, Term Loans and unused
Commitments, provided that such Amendment Fee shall not be payable unless and
until this Amendment becomes effective as provided in Section 12 below and upon
such effectiveness such Amendment Fee shall be payable immediately.

                  SECTION 12. Conditions to Effectiveness. This Amendment shall
become effective as of November 19, 2004, when (a) the Administrative Agent
shall have received counterparts of this Amendment that, when taken together,
bear the signatures of Holdings, the Borrower and the Required Lenders, (b) the
representations and warranties set forth in Section 10 hereof are true and
correct, (c) the Administrative Agent and each Lender have received the audited
financial statements of the Borrower as of the end of and for the Borrower's
fiscal year ended July 31, 2004, accompanied by the report thereon of the
Borrower's independent public accountants, in each case in accordance with
Section 5.01(a) of the Credit Agreement, and the related certificate of a
Financial Officer and certificate of such accounting firm in accordance with
Sections 5.01(c) and (d), respectively, of the Credit Agreement, which
certificate of a Financial Officer shall demonstrate that the Consolidated
EBITDA for such fiscal year is at least $165,000,000, and (d) all fees and
expenses submitted to the Borrower and required to be paid or reimbursed by the
Borrower under or in connection with this Amendment and the Credit Agreement
(including (i) the Amendment Fee specified in Section 11 above, (ii) all
reasonable invoiced fees, charges and disbursements of Cravath, Swaine & Moore
LLP, counsel to the Administrative Agent and (iii) all other reasonable fees and
expenses of the Administrative Agent due and owing as of the date first above
written) have been paid or reimbursed by the Borrower.

                  SECTION 13. Release. Each of the Holdings and the Borrower (a)
acknowledges and agrees that it does not have any claim, cause of action or
similar right of any kind or nature (collectively, "Claims") against any Lender,
the Administrative Agent, the Collateral Agent, any Issuing Bank or any of their
respective Affiliates or any of their respective officers, directors, employees,
agents, trustees or advisors (collectively, the "Released Parties") arising at
any time out of, relating to or otherwise connected with any of the Loan
Documents, the transactions thereunder or the actions or inactions of any of the
Released Parties thereunder or in connection therewith at any time prior to the
effectiveness of this Amendment and (b) hereby waives, releases and discharges
each Released Party from any and all such Claims, whether known or unknown. The
foregoing acknowledgment and release is given as consideration for the
agreements and waiver provided for in this Amendment.

                  SECTION 14. Credit Agreement. Except as specifically waived,
amended or modified hereby, the Credit Agreement shall continue in full force
and effect in accordance with the provisions thereof as in existence on the date
hereof. After the date hereof, any reference to the Credit Agreement shall mean
the Credit Agreement as modified hereby. This Amendment shall be a Loan Document
for all purposes.
<PAGE>

                  SECTION 15. APPLICABLE LAW. THIS AMENDMENT SHALL BE GOVERNED
BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

                  SECTION 16. Counterparts. This Amendment may be executed in
two or more counterparts, each of which shall constitute an original but all of
which when taken together shall constitute but one agreement. Delivery of an
executed signature page to this Amendment by facsimile transmission shall be
effective as delivery of a manually signed counterpart of this Amendment.

                  SECTION 17. Headings. The Section headings used herein are for
convenience of reference only, are not part of this Amendment and are not to
affect the construction of, or to be taken into consideration in interpreting,
this Amendment.

<PAGE>

                  IN WITNESS WHEREOF, the parties hereto have caused this
Amendment to be duly executed by their respective authorized officers as of the
day and year first written above.

                                      CRUNCH HOLDING CORP.,

                                          by
                                             /S/ N. MICHAEL DION
                                             ----------------------------------
                                             Name: N. Michael Dion
                                             Title: CFO

                                      PINNACLE FOODS GROUP INC. (as successor to
                                         Pinnacle Foods Holding Corporation),

                                          by
                                             /S/ N. MICHAEL DION
                                             ----------------------------------
                                             Name: N. Michael Dion
                                             Title: CFO

<PAGE>

                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      individually and as Administrative Agent

                                          by
                                             /S/ SCOTTYE LINDSEY
                                             ----------------------------------
                                             Name: Scottye Lindsey
                                             Title: Director

<PAGE>

                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      individually and as Syndication Agent,

                                          by
                                             /S/ DANIEL D. MCCREADY
                                             ----------------------------------
                                             Name: Daniel D. McCready
                                             Title: SVP

<PAGE>

                                      JPMORGAN CHASE BANK, N.A. (formerly known
                                      as JPMorgan Chase Bank), individually and
                                      as Co-Documentation Agent,

                                          by
                                             /S/ KATHRYN A. DUNCAN
                                             ----------------------------------
                                             Name: Kathryn A. Duncan
                                             Title: Vice President

<PAGE>

                                      CITICORP NORTH AMERICA, INC., individually
                                      and as Co-Documentation Agent,

                                          by
                                             /S/ ROCKY LOWE
                                             ----------------------------------
                                             Name: Rocky Lowe
                                             Title: VP

<PAGE>

                                      CANADIAN IMPERIAL BANK OF COMMERCE, as
                                      Co-Documentation Agent,

                                          by
                                             /S/ GERALD GIRARDI
                                             ----------------------------------
                                             Name: Gerald Girardi
                                             Title: Executive Director

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Aeries Finance-II Ltd.

                                      By: Patriarch Partners X, LLC
                                          Its Managing Agent

                                      By: /S/ LYNN TILTON
                                          ----------------------------------
                                          Name: Lynn Tilton
                                          Title: Manager

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      AIM Floating Rate Fund

                                      By: INVESCO Senior Secured Management,
                                          Inc.
                                          As Sub-Adviser

                                      By: /S/ JOSEPH ROTONDO
                                          ----------------------------------
                                          Name: Joseph Rotondo
                                          Title: Authorized Signatory

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      APEX (Trimaran) CDO I, LTD.

                                      By: Trimaran Advisors, L.L.C.

                                      By: /S/ DAVID M. MILLISON
                                          ----------------------------------
                                          Name: David M. Millison
                                          Title: Managing Director

<PAGE>

                                     SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                     WAIVER DATED AS OF NOVEMBER 19, 2004,
                                     AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                     GROUP INC., THE LENDERS PARTY THERETO,
                                     DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                     GENERAL ELECTRIC CAPITAL CORPORATION,
                                     JPMORGAN CHASE BANK, CITICORP NORTH
                                     AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                     OF COMMERCE

                                     Name of Institution:

                                     AVALON CAPITAL LTD.

                                     By: INVESCO Senior Secured Management, Inc.
                                         As Portfolio Advisor

                                     By: /S/ JOSEPH ROTONDO
                                         ------------------------------------
                                         Name: Joseph Rotondo
                                         Title: Authorized Signatory

<PAGE>

                                     SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                     WAIVER DATED AS OF NOVEMBER 19, 2004,
                                     AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                     GROUP INC., THE LENDERS PARTY THERETO,
                                     DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                     GENERAL ELECTRIC CAPITAL CORPORATION,
                                     JPMORGAN CHASE BANK, CITICORP NORTH
                                     AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                     OF COMMERCE

                                     Name of Institution:

                                     AVALON CAPITAL LTD. 2

                                     By: INVESCO Senior Secured Management, Inc.
                                         As Portfolio Advisor

                                     By: /S/ JOSEPH ROTONDO
                                         ------------------------------------
                                         Name: Joseph Rotondo
                                         Title: Authorized Signatory

<PAGE>

                                     SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                     WAIVER DATED AS OF NOVEMBER 19, 2004, AMONG
                                     CRUNCH HOLDING CORP., PINNACLE FOODS GROUP
                                     INC., THE LENDERS PARTY THERETO, DEUTSCHE
                                     BANK TRUST COMPANY AMERICAS, GENERAL
                                     ELECTRIC CAPITAL CORPORATION, JPMORGAN
                                     CHASE BANK, CITICORP NORTH AMERICA, INC.
                                     AND CANADIAN IMPERIAL BANK OF COMMERCE

                                     Name of Institution:

                                     AVENUE CLO FUND, LIMITED

                                     By: /S/ RICHARD D'ADDARIO
                                         ------------------------------------
                                         Name: Richard D'Addario
                                         Title: Senior Portfolio Manager

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      CELERITY CLO LIMITED

                                      By: TCW Advisors, Inc.
                                          As Agent

                                      By: /S/ RICHARD F. KURTH
                                          ------------------------------------
                                          Name: Richard F. Kurth
                                          Title: Senior Vice President

                                      By: /S/ JONATHAN R. INSULL
                                          ------------------------------------
                                          Name: Jonathan R. Insull
                                          Title: Managing Director

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      CHAMPLAIN CLO, LTD.

                                      By: INVESCO Senior Secured Management,
                                          Inc.
                                          As Collateral Manager

                                      By: /S/ JOSEPH ROTONDO
                                          ------------------------------------
                                          Name: Joseph Rotondo
                                          Title: Authorized Signatory

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      CHARTER VIEW PORTFOLIO

                                      By: INVESCO Senior Secured Management,
                                          Inc.
                                          As Investment Advisor

                                      By: /S/ JOSEPH ROTONDO
                                          ------------------------------------
                                          Name: Joseph Rotondo
                                          Title: Authorized Signatory

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      CIBC INC., As a Lender

                                      By: /S/ GERALD GIRARDI
                                          ------------------------------------
                                          Name: Gerald Girardi
                                          Title: Executive Director
                                          CIBC World Markets Corp., as Agent

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      Citadel Hill 2000 LTD

                                      By: /S/ PIETER VAN SCHAICK
                                          ------------------------------------
                                          Name: Pieter Van Schaick
                                          Title: Authorized Signatory

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      Cooperative Centrale
                                      Raiffeisen-Boerenleenbank B.A. "Rabobank
                                      International", New York Branch

                                      By: /S/ THEODORE W. COX
                                          ------------------------------------
                                          Name: Theodore W. Cox
                                          Title: Executive Director

                                      By: /S/ BRETT DELFINO
                                          ------------------------------------
                                          Name: Brett Delfino
                                          Title: Executive Director

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      C-SQUARED CDO LTD.

                                      By: TCW Advisors, Inc., as its Portfolio
                                          Manager

                                      By: /S/ JONATHAN R. INSULL
                                          ------------------------------------
                                          Name: Jonathan R. Insull
                                          Title: Managing Director

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      DIVERSIFIED CREDIT PORTFOLIO LTD.

                                      By: INVESCO Senior Secured Management,
                                          Inc.
                                          As Investment Advisor

                                      By: /S/ JOSEPH ROTONDO
                                          ------------------------------------
                                          Name: Joseph Rotondo
                                          Title: Authorized Signatory

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      EMERALD ORCHARD LIMITED

                                      By: /S/ MASOOD FIKREE
                                          ------------------------------------
                                          Name: Masood Fikree
                                          Title: Attorney-in-Fact

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      FIRST 2004-I CLO, LTD.

                                      By: TCW ADVISORS, INC.
                                          its Collateral Manager

                                      By: /S/ RICHARD F. KURTH
                                          ------------------------------------
                                          Name: Richard F. Kurth
                                          Title: Senior Vice President

                                      By: /S/ JONATHAN R. INSULL
                                          ------------------------------------
                                          Name: Jonathan R. Insull
                                          Title:

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      FIRST 2004-II CLO, LTD.

                                      By: TCW ADVISORS, INC.
                                          its Collateral Manager

                                      By: /S/ RICHARD F. KURTH
                                          ------------------------------------
                                          Name: Richard F. Kurth
                                          Title: Senior Vice President

                                      By: /S/ JONATHAN R. INSULL
                                          ------------------------------------
                                          Name: Jonathan R. Insull
                                          Title:

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      FIRST TRUST/FOUR CORNERS SENIOR FLOATING
                                      RATE INCOME FUND, as Lender

                                      By: Four Corners Capital Management LLC,
                                          as Collateral Manager

                                      By: /S/ VIJAY SRINIVASAN
                                          ------------------------------------
                                          Name: Vijay Srinivasan
                                          Title: Assistant Vice President

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      GLENEAGLES TRADING LLC

                                      By: /S/ MEREDITH J. KOSLICK
                                          ------------------------------------
                                          Name: Meredith J. Koslick
                                          Title: Assistant Vice President

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      GULF STREAM-COMPASS CLO 2002-1 LTD.

                                      By: Gulf Stream Asset Management LLC, as
                                          Collateral Manager

                                      By: /S/ BARRY K. LOVE
                                          ------------------------------------
                                          Name: Barry K. Love
                                          Title: Chief Credit Officer

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      GULF STREAM-COMPASS CLO 2003-1 LTD.

                                      By: Gulf Stream Asset Management LLC, as
                                          Collateral Manager

                                      By: /S/ BARRY K. LOVE
                                          ------------------------------------
                                          Name: Barry K. Love
                                          Title: Chief Credit Officer

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      HAMILTON CDO, Ltd.

                                      By: Stanfield Capital Partners LLC,
                                          as its Collateral Manager

                                      By: /S/ CHRISTOPHER A. BONDY
                                          ------------------------------------
                                          Name: Christopher A. Bondy
                                          Title: Partner

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      Hewett's Island CLO, Ltd.

                                      By: CypressTree Investment Management
                                          Company, Inc., as Portfolio Manager

                                      By: /S/ JEFFREY MEGAR
                                          ------------------------------------
                                          Name: Jeffrey Megar, CFA
                                          Title: Managing Director

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      HIGHLAND LEGACY LIMITED

                                      By: Highland Capital Management, L.P., as
                                          Collateral Manager

                                      By: /S/ TODD TRAVERS
                                          ------------------------------------
                                          Name: Todd Travers
                                          Title: Senior Portfolio Manager

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      HIGHLAND LOAN FUNDING V LTD.

                                      By: Highland Capital Management, L.P., as
                                          Collateral Manager

                                      By: /S/ TODD TRAVERS
                                          ------------------------------------
                                          Name: Todd Travers
                                          Title: Senior Portfolio Manager

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      ING SENIOR INCOME FUND

                                      By: ING Investment Management, Co. as its
                                          investment manager

                                      By: /S/ JASON GROOM
                                          ------------------------------------
                                          Name: Jason Groom
                                          Title: Vice President

                                      ING PRIME RATE TRUST

                                      By: ING Investment Management, Co. as its
                                          investment manager

                                      By: /S/ JASON GROOM
                                          ------------------------------------
                                          Name: Jason Groom
                                          Title: Vice President

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      INVESCO EUROPEAN CDO I S.A.

                                      By: INVESCO Senior Secured Management,
                                          Inc., as Collateral Manager

                                      By: /S/ JOSEPH ROTONDO
                                          ------------------------------------
                                          Name: Joseph Rotondo
                                          Title: Authorized Signatory

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      INVESTORS BANK & TRUST COMPANY AS
                                      SUB-CUSTODIAN AGENT OF CYPRESSTREE
                                      INTERNATIONAL LOAN HOLDING COMPANY LIMITED

                                      By: /S/ JEFFREY MEGAR
                                          ------------------------------------
                                          Name: Jeffrey Megar, CFA
                                          Title: Managing Director

                                      By: /S/ JOHN A. [ILLEGIBLE]
                                          ------------------------------------
                                          Name: John A. [Illegible]
                                          Title:

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      Landmark CDO Limited
                                      Aladdin Capital Management LLC

                                      By: /S/ WILLIAM S. LUTKINS
                                          ------------------------------------
                                          Name: William S. Lutkins
                                          Title: Authorized Signature

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      Landmark CDO II Limited
                                      Aladdin Capital Management LLC

                                      By: /S/ WILLIAM S. LUTKINS
                                          ------------------------------------
                                          Name: William S. Lutkins
                                          Title: Authorized Signature

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      Landmark CDO IV Limited
                                      Aladdin Capital Management LLC

                                      By: /S/ WILLIAM S. LUTKINS
                                          ------------------------------------
                                          Name: William S. Lutkins
                                          Title: Authorized Signature

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      LOAN FUNDING I LLC, a wholly owned
                                      subsidiary of Citibank, N.A.

                                      By: TCW Advisors, Inc., as portfolio
                                          manager of Loan Funding I LLC

                                      By: /S/ RICHARD F. KURTH
                                          ------------------------------------
                                          Name: Richard F. Kurth
                                          Title: Senior Vice President

                                      By: /S/ JONATHAN R. INSULL
                                          ------------------------------------
                                          Name: Jonathan R. Insull
                                          Title: Managing Director

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      LOAN FUNDING IV LLC

                                      By: Highland Capital Management, L.P.
                                          as Portfolio Manager

                                      By: /S/ TODD TRAVERS
                                          ------------------------------------
                                          Name: Todd Travers
                                          Title: Senior Portfolio Manager

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      THE LOOMIS SAYLES FUND SENIOR LOAN FUND,
                                      LLC

                                      By: Loomis Sayles and Company, L.P., its
                                          manager

                                      By: Loomis Sayles and Company, Inc., its
                                          general partner

                                      By: /S/ KEVIN J. PERRY
                                          ------------------------------------
                                          Name: Kevin J. Perry
                                          Title: Vice President

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      MainStay Floating Rate Fund, a Series of
                                      Eclipse Funds Inc.

                                      By: New York Life Investment Management
                                          LLC

                                      By: /S/ R.H. DIAL
                                          ------------------------------------
                                          Name: R.H. Dial
                                          Title: Director

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      Morgan Stanley Prime Income Trust

                                      By: /S/ ELIZABETH BODISCH
                                          ------------------------------------
                                          Name: Elizabeth Bodisch
                                          Title: Authorized Signatory

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      Mountain Capital CLO 1 Ltd.

                                      By: /S/ DARREN P. RILEY
                                          ------------------------------------
                                          Name: Darren P. Riley
                                          Title: Director

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      Mountain Capital CLO 11 Ltd.

                                      By: /S/ DARREN P. RILEY
                                          ------------------------------------
                                          Name: Darren P. Riley
                                          Title: Director

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      PINEHURST TRADING, INC.

                                      By: /S/ MEREDITH J. KOSLICK
                                          ------------------------------------
                                          Name: Meredith J. Koslick
                                          Title: Assistant Vice President

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      New York Life Insurance Company

                                      By: /S/ R.H. DIAL
                                          ------------------------------------
                                          Name: R.H. Dial
                                          Title: Investment Vice President

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      NORTHWOODS CAPITAL II, LIMITED

                                      By: ANGELO, GORDON & CO. L.P. as
                                          Collateral Manager

                                      By: /S/ JOHN W. FRASER
                                          ------------------------------------
                                          Name: John W. Fraser
                                          Title: Managing Director

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      NORTHWOODS CAPITAL III, LIMITED

                                      By: ANGELO, GORDON & CO. L.P. as
                                          Collateral Manager

                                      By: /S/ JOHN W. FRASER
                                          ------------------------------------
                                          Name: John W. Fraser
                                          Title: Managing Director

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      NORTHWOODS CAPITAL IV, LIMITED

                                      By: ANGELO, GORDON & CO. L.P. as
                                          Collateral Manager

                                      By: /S/ JOHN W. FRASER
                                          ------------------------------------
                                          Name: John W. Fraser
                                          Title: Managing Director

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      OAK HILL SECURITIES FUND, L.P.

                                      By: Oak Hill Securities GenPar, L.P.
                                          its General Partner

                                      By: Oak Hill Securities MGP, Inc.
                                          its General Partner

                                      By: /S/ SCOTT D. KRASE
                                          ------------------------------------
                                          Name: Scott D. Krase
                                          Title: Vice President

                                      OAK HILL SECURITIES FUND II, L.P.

                                      By: Oak Hill Securities GenPar II, L.P.
                                          its General Partner

                                      By: Oak Hill Securities MGP II, Inc.
                                          its General Partner

                                      By: /S/ SCOTT D. KRASE
                                          ------------------------------------
                                          Name: Scott D. Krase
                                          Title: Vice President

                                      OAK HILL CREDIT PARTNERS I, LIMITED

                                      By: Oak Hill CLO Management I, LLC
                                          as Investment Manager

                                      By: Oak Hill Securities MGP, Inc.
                                          its General Partner

                                      By: /S/ SCOTT D. KRASE
                                          ------------------------------------
                                          Name: Scott D. Krase
                                          Title: Authorized Person

                                      OAK HILL CREDIT PARTNERS II, LIMITED

                                      By: Oak Hill CLO Management II, LLC
                                          as Investment Manager

                                      By: /S/ SCOTT D. KRASE
                                          ------------------------------------

<PAGE>

                                          Name: Scott D. Krase
                                          Title: Authorized Person

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      PETRUSSE EUROPEAN CLO S.A.

                                      By: INVESCO Senior Secured Management,
                                          Inc.
                                          as Collateral Manager

                                      By: /S/ JOSEPH ROTONDO
                                          ------------------------------------
                                          Name: Joseph Rotondo
                                          Title: Authorized Signatory

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      PPM MONARCH BAY FUNDING LLC

                                      By: /S/ MEREDITH J. KOSLICK
                                          ------------------------------------
                                          Name: Meredith J. Koslick
                                          Title: Assistant Vice President

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      PPM SHADOW CREEK FUNDING LLC

                                      By: /S/ MEREDITH J. KOSLICK
                                          ------------------------------------
                                          Name: Meredith J. Koslick
                                          Title: Assistant Vice President

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      PPM SPYGLASS FUNDING TRUST

                                      By: /S/ DIANA M. HIMES
                                          ------------------------------------
                                          Name: Diana M. Himes
                                          Title: Authorized Agent

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      PROSPERO CLO I, Ltd.

                                      By: /S/ JOHN RANDOLPH WATKINS
                                          ------------------------------------
                                          Name: John Randolph Watkins
                                          Title: Executive Director

<PAGE>
                                    SIGNATURE PAGE TO AMENDMENT NO. 2 AND WAIVER
                                    DATED AS OF NOVEMBER 19, 2004, AMONG CRUNCH
                                    HOLDING CORP., PINNACLE FOODS GROUP INC.,
                                    THE LENDERS PARTY THERETO, DEUTSCHE BANK
                                    TRUST COMPANY AMERICAS, GENERAL ELECTRIC
                                    CAPITAL CORPORATION, JPMORGAN CHASE BANK,
                                    CITICORP NORTH AMERICA, INC. AND CANADIAN
                                    IMPERIAL BANK OF COMMERCE

                                    Name of Institution:

                                    PUTNAM DIVERSIFIED INCOME TRUST

                                    By:   /S/ BETH MAZOR
                                          Name: Beth Mazor
                                          Title: V.P.

<PAGE>

                                    SIGNATURE PAGE TO AMENDMENT NO. 2 AND WAIVER
                                    DATED AS OF NOVEMBER 19, 2004, AMONG CRUNCH
                                    HOLDING CORP., PINNACLE FOODS GROUP INC.,
                                    THE LENDERS PARTY THERETO, DEUTSCHE BANK
                                    TRUST COMPANY AMERICAS, GENERAL ELECTRIC
                                    CAPITAL CORPORATION, JPMORGAN CHASE BANK,
                                    CITICORP NORTH AMERICA, INC. AND CANADIAN
                                    IMPERIAL BANK OF COMMERCE

                                    Name of Institution:

                                    PUTNAM VARIABLE TRUST - PVT High

                                    Yield Fund

                                    By:   /S/ BETH MAZOR
                                          Name: Beth Mazor
                                          Title: V.P.

                                    PUTNAM HIGH YIELD TRUST

                                    By:   /S/ BETH MAZOR
                                          Name: Beth Mazor
                                          Title: V.P.

                                    PUTNAM HIGH YIELD ADVANTAGE FUND

                                    By:   /S/ BETH MAZOR
                                          Name: Beth Mazor
                                          Title: V.P.

<PAGE>

                                    SIGNATURE PAGE TO AMENDMENT NO. 2 AND WAIVER
                                    DATED AS OF NOVEMBER 19, 2004, AMONG CRUNCH
                                    HOLDING CORP., PINNACLE FOODS GROUP INC.,
                                    THE LENDERS PARTY THERETO, DEUTSCHE BANK
                                    TRUST COMPANY AMERICAS, GENERAL ELECTRIC
                                    CAPITAL CORPORATION, JPMORGAN CHASE BANK,
                                    CITICORP NORTH AMERICA, INC. AND CANADIAN
                                    IMPERIAL BANK OF COMMERCE

                                    Name of Institution:

                                    PUTNAM FLOATING RATE INCOME FUND

                                    By:   /S/ BETH MAZOR
                                          Name: Beth Mazor
                                          Title: V.P.

                                    BOSTON HARBOR CLO 2004-1, Ltd.

                                    By:   /S/ BETH MAZOR
                                          Name: Beth Mazor
                                          Title: V.P.

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      SARATOGA CLO I, LIMITED

                                      By: INVESCO Senior Secured Management,
                                          Inc., as Asset Manager

                                      By: /S/ JOSEPH ROTONDO
                                          ------------------------------------
                                          Name: Joseph Rotondo
                                          Title: Authorized Signatory

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      SAWGRASS TRADING LLC

                                      By: /S/ MEREDITH J. KOSLICK
                                          ------------------------------------
                                          Name: Meredith J. Koslick
                                          Title: Assistant Vice President

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      SRF 2000, INC.

                                      By: /S/ MEREDITH J. KOSLICK
                                          ------------------------------------
                                          Name: Meredith J. Koslick
                                          Title: Assistant Vice President

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      Stanfield Carrera CLO, Ltd.

                                      By: Stanfield Capital Partners LLC, as its
                                          Asset Manager

                                      By: /S/ CHRISTOPHER A. BONDY
                                          ------------------------------------
                                          Name: Christopher A. Bondy
                                          Title: Partner

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      STANFIELD MODENA CLO, LTD.

                                      By: Stanfield Capital Partners, LLC

                                      By: /S/ CHRISTOPHER A. BONDY
                                          ------------------------------------
                                          Name: Christopher A. Bondy
                                          Title: Partner

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      STANWICH LOAN FUNDING LLC

                                      By: /S/ MEREDITH J. KOSLICK
                                          ------------------------------------
                                          Name: Meredith J. Koslick
                                          Title: Assistant Vice President

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      TCW SELECT LOAN FUND, LIMITED

                                      By: TCW Advisors, Inc. as its Collateral
                                          Manager

                                      By: /S/ RICHARD F. KURTH
                                          ------------------------------------
                                          Name:
                                          Title:

                                      By: /S/ JONATHAN R. INSULL
                                          ------------------------------------
                                          Name: Jonathan R. Insull
                                          Title: Managing Director

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      TRS 1 LLC

                                      By: /S/ EDWARD SCHAFFER
                                          ------------------------------------
                                          Name: Edward Schaffer
                                          Title: V.P.

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      Trumbull THC, Ltd.

                                      By: /S/ SUZANNE SMITH
                                          ------------------------------------
                                          Name: Suzanne Smith
                                          Title: Attorney-in-Fact

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      VAN KAMPEN SENIOR LOAN FUND

                                      By: Van Kampen Investment Advisory Corp.

                                      By: /S/ CHRISTINA JAMIESON
                                          ------------------------------------
                                          Name: Christina Jamieson
                                          Title: Executive Director

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      VAN KAMPEN SENIOR INCOME TRUST

                                      By: Van Kampen Investment Advisory Corp.

                                      By: /S/ CHRISTINA JAMIESON
                                          ------------------------------------
                                          Name: Christina Jamieson
                                          Title: Executive Director

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      VELOCITY CLO, LTD.

                                      By: TCW Advisors, Inc., its Collateral
                                          Manager

                                      By: /S/ RICHARD F. KURTH
                                          ------------------------------------
                                          Name: Richard F. Kurth
                                          Title: Senior Vice President

                                      By: /S/ JONATHAN R. INSULL
                                          ------------------------------------
                                          Name: Jonathan R. Insull
                                          Title: Managing Director

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      Venture CDO 2002, Limited

                                      By: Its investment advisor MJX Asset
                                          Management LLC

                                      By: /S/ M.G. REGAN
                                          ------------------------------------
                                          Name: M.G. Regan
                                          Title:

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      Venture II CDO, Limited

                                      By: Its investment advisor MJX Asset
                                          Management LLC

                                      By: /S/ M.G. REGAN
                                          ------------------------------------
                                          Name: M.G. Regan
                                          Title:

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      Venture III CDO, Limited

                                      By: Its investment advisor MJX Asset
                                          Management LLC

                                      By: /S/ M.G. REGAN
                                          ------------------------------------
                                          Name: M.G. Regan
                                          Title:

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      Wind River CLO I Ltd.

                                      By: McDonnell Investment Management, LLC,
                                          as Manager

                                      By: /S/ BRIAN W. GOOD
                                          ------------------------------------
                                          Name: Brian W. Good
                                          Title: Managing Director

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      Windsor Loan Funding, Limited

                                      By: Stanfield Capital Partners LLC as its
                                          Investment Manager

                                      By: /S/ CHRISTOPHER A. BONDY
                                          ------------------------------------
                                          Name: Christopher A. Bondy
                                          Title: Partner

<PAGE>

                                      SIGNATURE PAGE TO AMENDMENT NO. 2 AND
                                      WAIVER DATED AS OF NOVEMBER 19, 2004,
                                      AMONG CRUNCH HOLDING CORP., PINNACLE FOODS
                                      GROUP INC., THE LENDERS PARTY THERETO,
                                      DEUTSCHE BANK TRUST COMPANY AMERICAS,
                                      GENERAL ELECTRIC CAPITAL CORPORATION,
                                      JPMORGAN CHASE BANK, CITICORP NORTH
                                      AMERICA, INC. AND CANADIAN IMPERIAL BANK
                                      OF COMMERCE

                                      Name of Institution:

                                      XL Re Ltd.

                                      By: Stanfield Capital Partners LLC as its
                                          Collateral Manager

                                      By: /S/ CHRISTOPHER A. BONDY
                                          ------------------------------------
                                          Name: Christopher A. Bondy
                                          Title: Partner<PAGE>

                                                                 Exhibit 10.31.4

        AMENDMENT NUMBER FOUR TO LOAN AND SECURITY AGREEMENT AND CONSENT

         THIS AMENDMENT NUMBER FOUR TO LOAN AND SECURITY AGREEMENT AND CONSENT
(this "Amendment"), dated as of December 20, 2004, is entered into by and among
PHIBRO ANIMAL HEALTH CORPORATION, a New York corporation ("Parent"), PHIBRO
ANIMAL HEALTH U.S., INC., a Delaware corporation ("PAHUS"), PHIBRO ANIMAL HEALTH
HOLDINGS, INC., a Delaware corporation ("Holdings"), PRINCE AGRIPRODUCTS, INC.,
a Delaware corporation ("Prince"), PHIBRO-TECH, INC. ("PTI"; together with
Parent, PAHUS, and Holdings, the "Borrowers"), the lenders from time to time
party to the Loan and Security Agreement referenced below (each a "Lender" and
collectively, the "Lenders"), WELLS FARGO FOOTHILL, INC., a California
corporation, as the arranger and administrative agent for the Lenders ("Agent";
and together with the Lenders, collectively the "Lender Group"), in light of the
following:

                               W I T N E S S E T H

         WHEREAS, Borrowers and the Lender Group are parties to that certain
Loan and Security Agreement, dated as of October 21, 2003 (as amended, restated,
supplemented, or otherwise modified from time to time, the "Loan Agreement");
and

         WHEREAS, Borrowers have advised the Lender Group that (a) Parent and
Philipp Brothers Netherlands III B.V. ("Foreign Issuer") desire to issue 22,491
Units under its New Indenture, as amended to the date hereof, to refinance
certain Indebtedness under the Loan Agreement, (b) Parent and Phibro Animal
Health SA (a wholly owned Subsidiary of the Foreign Issuer, "Phibro Belgium")
desire to sell substantially all of its facilities in Rixensart, Belgium and
enter into related transactions described in and upon the terms and subject to
the conditions set forth in the Second Supplemental Indenture (defined below)
(the "Proposed Belgium Disposition"), and (c) PTI desires to sell its real
property in Wilmington, Illinois substantially upon the terms and subject to the
conditions set forth in the purchase agreement attached hereto as Exhibit C (the
"Proposed Wilmington Disposition");

         WHEREAS, Borrowers have requested certain amendments to the Loan
Agreement, and

         WHEREAS, subject to the terms and conditions herein, Agent and Lenders
have agreed to consent to the Proposed Belgium Disposition and the Proposed
Wilmington Disposition and to amend the Loan Agreement as set forth herein.

         NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties agree to amend the
Loan Agreement as follows:

1.       DEFINITIONS. Capitalized terms used herein and not otherwise defined
herein shall have the meanings ascribed to them in the Loan Agreement, as
amended hereby.

2.       AMENDMENT TO LOAN AGREEMENT.

<PAGE>

         (a) Section 1.1 of the Loan Agreement is hereby amended by deleting the
definitions of "EBITDA", "Indenture Reserve", "Indenture Securities", and
"Permitted Investments" and replacing them with the following definitions,
respectively:

                  ""EBITDA" means, with respect to any fiscal period,
         consolidated net earnings (or loss), minus extraordinary gains,
         interest income, and intercompany allocations plus interest expense,
         income taxes, depreciation and amortization for such period, charges
         which are both nonrecurring and noncash charges for such period,
         charges and expenses related to unsuccessful acquisitions and related
         financings in an aggregate amount not to exceed $5,300,000 for the
         period beginning January 1, 2004 and ending June 30, 2004, charges and
         expenses related to the Proposed Belgium Disposition in an aggregate
         amount not to exceed $26,800,000 for the period beginning December 31,
         2004 and ending June 30, 2006 and solely for the purposes of
         calculating the financial covenant contained in Section 7.18(ii), as
         determined in accordance with GAAP."

                  ""Indenture Reserve" means a reserve established and
         maintained by Agent in an amount or amounts equal to (a) during the 30
         day period preceding the date on which a scheduled payment of interest
         is due on the Indenture Securities, the aggregate amount of such
         interest, (b) during the 30 day period preceding the date on which a
         scheduled payment of interest is due on the Existing Notes, the
         aggregate amount of such interest, and (c) during the 30 day period
         preceding the date on which a scheduled payment of interest is due on
         the Supplemental Indenture Securities, the aggregate amount of such
         interest.

                  ""Indenture Securities" means (a) the 105,000 Units issued by
         the Parent and the Foreign Issuer pursuant to the New Indenture,
         consisting of $85,000,000 aggregate principal amount of 13.0% Senior
         Secured Notes due 2007 issued by the Parent (the "New Domestic Notes")
         and $20,000,000 aggregate principal amount of 13.0% Senior Secured
         Notes due 2007 issued by the Foreign Issuer (the "New Foreign Notes";
         and together with the New Domestic Notes, the "New Notes") and (b) any
         units or notes, as the case may be, that may be issued by the Parent or
         the Foreign Issuer pursuant to the New Indenture in exchange therefor."

                  ""Permitted Investments" means (a) Investments in cash and
         Cash Equivalents, (b) Investments in negotiable instruments for
         collection, (c) advances made in connection with purchases of goods or
         services in the ordinary course of business, (d) Investments received
         in settlement of amounts due to a Borrower or any Subsidiary of a
         Borrower effected in the ordinary course of business or owing to a
         Borrower or any Subsidiary of a Borrower as a result of Insolvency
         Proceedings involving an Account Debtor or upon the foreclosure or
         enforcement of any Lien in favor of a Borrower or any Subsidiary of a
         Borrower, (e) loans or advances to employees in the ordinary course of
         business in an amount not to exceed $200,000 per individual and
         $500,000 in the aggregate, (f) an Investment the sole consideration for
         which consists of, or is made with the proceeds of, the substantially
         concurrent sale of, or equity contribution with respect to, capital
         stock of the Parent, (g) Hedge Agreements entered into in the ordinary
         course of

<PAGE>

         the business of the Borrowers and their Subsidiaries, (h) notes,
         obligations, and other securities received in connection with Permitted
         Dispositions, (i) Investments by any Non-Obligor; (j) Investments
         comprising the PMC Sale Transactions, (k) other Investments made during
         the period from January 1, 2004, through June 30, 2004 in an aggregate
         amount not to exceed $336,000; and (l) Investments in Subsidiaries of
         Parent in connection with the Proposed Belgium Disposition in an amount
         not to exceed the fair market value of all equipment located at the
         plant owned by Phibro Belgium in Rixensart, Belgium, plus $15,000,000
         so long as (i) no Default or Event of Default has occurred and is
         continuing or would result therefrom, (ii) Borrowers have Excess
         Availability of at least $1,000,000 after giving effect to the making
         of such Investment, provided that if the Investment is made during a
         period when the Indenture Reserve is in place, there will be no such
         Excess Availability condition, and (iii) Borrowers have delivered a
         business plan regarding such Investment to Agent no less than 30 days
         prior to the initial making of such Investment."

                  (b) Section 1.1 of the Loan Agreement is hereby amended by
         adding the following definitions in alphabetical order:

                  ""Proposed Belgium Disposition" has the meaning as defined in
         "Belgium Plant Sale and Virginiamycin Production Transactions" set
         forth in the Second Supplemental Indenture."

                  ""New Notes" has the meaning set forth in the definition of
         Indenture Securities."

                  ""Second Supplemental Indenture" means that certain Second
         Supplemental Indenture dated as of December 8, 2004 among Parent,
         Foreign Issuer, Parent's Subsidiaries that are signatories thereto, and
         the Indenture Collateral Agent."

                  ""Supplemental Indenture Securities" means (a) 22,491 Units
         issued by the Parent and the Foreign Issuer pursuant to the New
         Indenture and the Second Supplemental Indenture, consisting of
         $18,207,000 aggregate principal amount of 13.0% Senior Secured Notes
         due 2007 issued by the Parent (the "Supplemental New Domestic Notes")
         and $4,284,000 aggregate principal amount of 13.0% Senior Secured Notes
         due 2007 issued by the Foreign Issuer (the "Supplemental New Foreign
         Notes"; and together with the Supplemental New Domestic Notes, the
         "Supplemental New Notes") and (b) any units or notes, as the case may
         be, that may be issued by the Parent or the Foreign Issuer pursuant to
         the New Indenture in exchange therefor."

                  ""Supplemental New Domestic Notes" has the meaning set forth
         in the definition of Supplemental Indenture Securities."

                  ""Supplemental New Foreign Notes" has the meaning set forth in
         the definition of Supplemental Indenture Securities."

<PAGE>

                  ""Supplemental New Notes" has the meaning set forth in the
         definition of Supplemental Indenture Securities."

         (c) Section 2.1 of the Loan Agreement is hereby amended by deleting
subsection (a) in its entirety and replacing it with the following subsection
(a):

                  "(a) Subject to the terms and conditions of this Agreement,
         and during the term of this Agreement, each Lender with a Revolver
         Commitment agrees (severally, not jointly or jointly and severally) to
         make advances ("Advances") to Borrowers in an amount at any one time
         outstanding not to exceed such Lender's Pro Rata Share of an amount
         equal to the lesser of (i) the Maximum Revolver Amount less the sum of
         (A) the Letter of Credit Usage, (B) the Indenture Reserve, and (C) the
         Additional Indebtedness Usage, (ii) the Borrowing Base less the Letter
         of Credit Usage, or (iii) $17,500,000 less the Additional Indebtedness
         Usage; provided that solely on December 20, 2004 - December 21, 2004,
         subject to the terms and conditions of this Agreement and in lieu of
         the foregoing, each Lender with a Revolver Commitment agrees
         (severally, not jointly or jointly and severally) to make Advances to
         Borrowers in an amount at any one time outstanding not to exceed such
         Lender's Pro Rata Share of an amount equal to $22,500,000 less the
         Additional Indebtedness Usage."

         (d) Section 6.3(a)(i) of the Loan Agreement is hereby amended by
deleting it in its entirety and replacing it with the following:

                           "(i) a company prepared consolidated and
                  consolidating balance sheet, income statement (including a
                  separate line item for expenses associated with the sale of
                  the facilities in Rixensart, Belgium), and statement of cash
                  flow covering Parent's and its Subsidiaries' operations during
                  such period,."

         (e) Section 7.7 of the Loan Agreement is hereby amended by deleting the
first paragraph thereof and replacing it with the following:

                  "Except in connection with a refinancing permitted by Section
         7.1(d) and except for mandatory redemptions of the Existing Notes, the
         New Notes, or the Supplemental New Notes required under the terms of
         the Existing Indenture or the New Indenture (as in effect on the date
         hereof and as modified by the Second Supplemental Indenture) as a
         result of an Indenture Change of Control or as a result of Asset Sales
         (for the avoidance of doubt, the foregoing shall not include mandatory
         prepayments on account of Excess Cash Flow),"

         (f) Section 7.13 of the Loan Agreement is hereby amended by deleting
"(e) Permitted Investments pursuant to clauses (e), (f), (i) and (k) of the
definition of Permitted Investments" and replacing it with the following:
<PAGE>

                  "(e) Permitted Investments pursuant to clauses (e), (f), (i),
(k) and (l) of the definition of Permitted Investments."

3.       CONSENT. Subject to the satisfaction of each of the conditions and
covenants set forth herein, the Lender Group consents to (a) the Proposed
Belgium Disposition upon the terms and subject to the conditions set forth in
the Second Supplemental Indenture, (b) the Proposed Wilmington Disposition upon
the terms and subject to the conditions set forth in the purchase agreement
attached hereto as Exhibit C, and (c) subject to satisfaction of Section (5)(a)
hereof, the Amendment to the Indenture and the issuance of the Supplemental New
Notes upon the terms and subject to the conditions set forth in the Second
Supplemental Indenture.

4.       CONDITIONS PRECEDENT TO THIS AMENDMENT. The satisfaction of each of the
following shall constitute conditions precedent to the effectiveness of this
Amendment and each and every provision hereof:

         (a)      Agent shall have received this Amendment, duly executed by the
parties hereto, and the same shall be in full force and effect;

         (b)      Agent shall have received the reaffirmation and consent of
each Guarantor, attached hereto as Exhibit A, duly executed and delivered by an
authorized official of such Guarantor;

         (c)      Agent shall have received a copy of the Second Supplemental
Indenture and each of the other material agreements entered into in connection
with the issuance of the Supplemental New Domestic Notes and the Supplemental
New Foreign Notes, together with a certificate of the Secretary of Parent
certifying each such document as being a true, correct, and complete copy
thereof;

         (d)      Parent shall have provided Agent with evidence sufficient to
demonstrate that the offering of the Supplemental New Domestic Notes and the
Supplemental New Foreign Notes described in the New Indenture, as amended by the
Second Supplemental Indenture, has closed;

         (e)      Agent shall have received an amendment to the Intercreditor
Agreement, in form and substance satisfactory to Agent;

         (f)      Agent shall have received an opinion of Borrowers' and
Guarantors' counsel regarding the transactions contemplated by the offering of
the Supplemental New Domestic Notes and the Supplemental New Foreign Notes and
in form and substance satisfactory to Agent;

         (g)      Borrowers shall have paid to Agent, for the benefit of Lender
Group, a fee in the amount of $100,000, which fee shall be fully earned when
paid;

         (h)      The representations and warranties in the Loan Agreement and
the other Loan Documents shall be true and correct in all material respects on
and as of the date hereof, as though made on such date (except to the extent
that such representations and warranties relate solely to an earlier date), and
except for changes permitted by the Loan Documents;

<PAGE>

         (i)      No Default or Event of Default shall have occurred and be
continuing on the date hereof or as of the date of the effectiveness of this
Amendment; and

         (j)      No injunction, writ, restraining order, or other order of any
nature prohibiting, directly or indirectly, the consummation of the transactions
contemplated herein shall have been issued and remain in force by any
Governmental Authority against Borrowers, Guarantors, or the Lender Group.

5. COVENANTS. Borrowers hereby covenant and agree that they will satisfy each of
the following on or before the date specified below (the failure to so satisfy
any of the following to constitute an immediate Event of Default):

         (a)      Within 1 Business Day of the date set forth in Section
2.1(a)(iii) of the Loan Agreement (as amended hereby), Parent shall have (i)
applied the proceeds from the offering of the Supplemental New Domestic Notes
and the Supplemental New Foreign Notes to the outstanding Obligations, and (ii)
delivered to Agent an updated Schedule P-1 and an updated Schedule 5.20
substantially in the forms attached hereto as Exhibit B, which schedules, upon
delivery to Agent and satisfaction of the covenant contained in the foregoing
clause (i), shall, without any further action by any party hereto, update and
replace Schedule P-1 and Schedule 5.20 respectively;

         (b)      Within 5 business days of the execution thereof, Agent shall
have received copies of the Belgium Purchase Agreement (as defined in the Second
Supplemental Indenture), which Belgium Purchase Agreement shall be substantially
on terms and conditions set forth in the Second Supplemental Indenture, together
with a certificate of the Secretary of Parent on behalf of Parent, certifying
each such document as being a true, correct, and complete copy thereof;

         (c)      Within 5 business days of the execution thereof, Borrowers
shall have delivered to Agent a copy of the executed purchase agreement (which
shall be substantially in the form attached hereto as Exhibit C), together with
all exhibits and schedules thereto, pursuant to which the Proposed Wilmington
Disposition is to be made, certified as being true, correct, and complete by an
officer of Parent on behalf of Parent;

         (d)      Within 1 business day from the closing thereof, Agent shall
have received all cash proceeds from the Proposed Wilmington Disposition, net
only of reasonable out-of-pocket costs and expenses in an amount up to $200,000
paid or incurred in connection therewith in favor of any Person not an Affiliate
of any Borrower or any Guarantor, which proceeds shall be remitted to Agent and
applied in accordance with Section 2.4(b) of the Loan Agreement.

6.       GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE
AND TO BE PERFORMED IN THE STATE OF NEW YORK.

7.       ENTIRE AMENDMENT; EFFECT OF AMENDMENT. This Amendment, and the terms
and provisions hereof, constitute the entire agreement among the parties
pertaining to the subject matter hereof and supersedes any and all prior or
contemporaneous amendments relating

<PAGE>

to the subject matter hereof. Except for the amendments to the Loan Agreement
expressly set forth in Section 2 hereof and the consent set forth in Section 3
hereof, the Loan Agreement and other Loan Documents shall remain unchanged and
in full force and effect. To the extent any terms or provisions of this
Amendment conflict with those of the Loan Agreement or other Loan Documents, the
terms and provisions of this Amendment shall control. This Amendment is a Loan
Document. Except as expressly set forth herein, the execution, delivery, and
performance of this Amendment shall not operate as a waiver of or as an
amendment of, any right, power, or remedy of the Lender Group as in effect prior
to the date hereof. The agreements set forth herein are limited to the specifics
hereof, shall not apply with respect to any facts or occurrences other than
those on which the same are based, shall not excuse future non-compliance under
the Loan Agreement, and shall not operate as a consent to any further or other
matter, under the Loan Documents.

8.       COUNTERPARTS; TELEFACSIMILE EXECUTION. This Amendment may be executed
in any number of counterparts, all of which taken together shall constitute one
and the same instrument and any of the parties hereto may execute this Amendment
by signing any such counterpart. Delivery of an executed counterpart of this
Amendment by telefacsimile shall be equally as effective as delivery of an
original executed counterpart of this Amendment. Any party delivering an
executed counterpart of this Amendment by telefacsimile also shall deliver an
original executed counterpart of this Amendment, but the failure to deliver an
original executed counterpart shall not affect the validity, enforceability, and
binding effect of this Amendment.

9.       MISCELLANEOUS.

         (a)      Upon the effectiveness of this Amendment, each reference in
the Loan Agreement to "this Agreement", "hereunder", "herein", "hereof" or words
of like import referring to the Loan Agreement shall mean and refer to the Loan
Agreement as amended by this Amendment.

         (b)      Upon the effectiveness of this Amendment, each reference in
the Loan Documents to the "Loan Agreement", "thereunder", "therein", "thereof"
or words of like import referring to the Loan Agreement shall mean and refer to
the Loan Agreement as amended by this Amendment.

                            [Signature page follows.]

<PAGE>

         IN WITNESS WHEREOF, the parties have caused this Amendment to be
executed and delivered as of the date first written above.

                            PHIBRO ANIMAL HEALTH CORPORATION,
                            a New York corporation

                            By: /s/ Jack C. Bendheim
                                ------------------------
                            Title:

                            PHIBRO ANIMAL HEALTH U.S., INC.,
                            a Delaware corporation

                            By: /s/ David C. Storbeck
                                -------------------------
                            Title:

                            PHIBRO ANIMAL HEALTH HOLDINGS, INC.,
                            a Delaware corporation

                            By: /s/ David C. Storbeck
                                -------------------------
                            Title:

                            PRINCE AGRIPRODUCTS, INC.,
                            a Delaware corporation

                            By: /s/ David C. Storbeck
                                -------------------------
                            Title:

                            PHIBRO-TECH, INC.,
                            a Delaware corporation

                            By: /s/ David C. Storbeck
                                -------------------------
                            Title:

                            WELLS FARGO FOOTHILL, INC.,
                            a California corporation, as Agent and a Lender

                            By: /s/ Vincent J. Egan,  Jr.
                                -------------------------
                            Title: Vice President

<PAGE>

                                    EXHIBIT A

                            REAFFIRMATION AND CONSENT

         All capitalized terms used herein but not otherwise defined herein
shall have the meanings ascribed to them in that certain AMENDMENT NUMBER FOUR
TO LOAN AND SECURITY AGREEMENT AND CONSENT (the "Amendment"), dated as of
December __, 2004. The undersigned each hereby (a) represents and warrants to
the Lender Group that the execution, delivery, and performance of this
Reaffirmation and Consent are within its corporate powers, have been duly
authorized by all necessary corporate action, and are not in contravention of
any law, rule, or regulation, or any order, judgment, decree, writ, injunction,
or award of any arbitrator, court, or governmental authority, or of the terms of
its charter or bylaws, or of any material contract or undertaking to which it is
a party or by which any of its properties may be bound or affected; (b) consents
to the execution, delivery, and performance of the Amendment; (c) acknowledges
and reaffirms its obligations owing to the Lender Group under the Loan Documents
to which it is a party; and (d) agrees that each of the Loan Documents to which
it is a party is and shall remain in full force and effect in accordance with
the terms thereof. Although the undersigned has been informed of the matters set
forth herein and has acknowledged and agreed to same, it understands that the
Lender Group has no obligations to inform it of such matters in the future or to
seek its acknowledgement or agreement to future consents or amendments, and
nothing herein shall create such a duty. Delivery of an executed counterpart of
this Reaffirmation and Consent by telefacsimile shall be equally as effective as
delivery of an original executed counterpart of this Reaffirmation and Consent.
Any party delivering an executed counterpart of this Reaffirmation and Consent
by telefacsimile also shall deliver an original executed counterpart of this
Reaffirmation and Consent but the failure to deliver an original executed
counterpart shall not affect the validity, enforceability, and binding effect of
this Reaffirmation and Consent. This Reaffirmation and Consent shall be governed
by the laws of the State of New York.

                            [Signature page follows.]

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Reaffirmation
and Consent Agreement to be executed by their respective officers thereunto duly
authorized, as of the date first above written.

                            PHIBROCHEM, INC., a New Jersey corporation

                            By: /s/ David C. Storbeck
                                ----------------------------------
                            Name:
                                  ---------------------------------
                            Title:
                                   --------------------------------

                            WESTERN MAGNESIUM CORP., a California corporation

                            By: /s/ David C. Storbeck
                                ----------------------------------
                            Name:
                                  ---------------------------------
                            Title:
                                   --------------------------------

                            CP CHEMICALS, INC., a New Jersey corporation

                            By: /s/ David C. Storbeck
                                ----------------------------------
                            Name:
                                  ---------------------------------
                            Title:
                                   --------------------------------

                            PHIBRO CHEMICALS, INC., a New York corporation

                            By: /s/ David C. Storbeck
                                ----------------------------------
                            Name:
                                  ---------------------------------
                            Title:
                                   --------------------------------

                                      S-1

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