Document:

EX-10.7

 Exhibit 10.7 

AMENDMENT NO. 1 
 TO

 SECOND AMENDED AND RESTATED 

LIMITED LIABILITY COMPANY OPERATING AGREEMENT 

OF 
 TRIMARAN POLLO
PARTNERS, L.L.C. 
 This AMENDMENT NO. 1 (this “Amendment”) to the Second Amended and Restated Limited Liability
Company Operating Agreement (the “Agreement”) of Trimaran Pollo Partners, L.L.C. (the “Company”) is entered into as of this 26th day of December, 2007 by and among the parties whose names are set forth on Schedule A
hereto. Capitalized terms used herein and not otherwise defined in this Amendment shall have the meanings ascribed to such term in the Agreement (as defined below). 

RECITALS 
 WHEREAS,
on March 8, 2006, the Company entered into the Second Amended and Restated Limited Liability Company Operating Agreement with the members listed in Schedule A thereto; 

WHEREAS, Section 13.04 of the Agreement provides that the Agreement may be amended or modified with the approval of Trimaran and each
Investor Member, respectively; and 
 WHEREAS, in connection with the closing under the Unit Purchase Agreement (the “Unit Purchase
Agreement”) consummated on the date hereof by and among the Company, FS Equity Partners V, L.P. (“FSEP V”), FS Affiliates V, L.P. (“FSA V”) and Peter Starrett, (“Starrett” and collectively with
FSEP V and FSA V, “FS”), Chicken Acquisition Corp., EPL Intermediate, Inc. and El Pollo Loco, Inc., Trimaran and each Investor Member desire to amend the Agreement as set forth in this Amendment. 

NOW THEREFORE, in consideration of the foregoing recitals, mutual agreements contained herein and for good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Company and the other signatories hereto, intending to be legally bound hereby, agree as follows: 

1. Amendments. 
 1.1. CAC
Board. 
 1.1.1. Section 3.04 of the Agreement shall be amended to read in its entirety as follows: 

(a) The board of directors of CAC (the “CAC Board”) shall consist of a total of 11 directors. Except as provided by
Section 3.04(c) below, the Managing Member may 

 
cause the Company to change the total number of directors comprising the CAC Board, to designate or change the class and voting power of such directors, to appoint any additional directors to the
CAC Board and to fill any vacancies on the CAC Board. The Company shall take all Necessary Action to cause any decision of the Managing Member pursuant to the preceding sentence to be effectuated as the Managing Member deems appropriate. 

(b) All directors on the CAC Board shall be designated by the Trimaran Vehicles, except as provided in Section 3.04(c) below. All Persons
designated to the CAC Board by the Trimaran Vehicles shall be “Trimaran Directors” and all others (including those designated pursuant to Sections 3.04(c) and 3.04(e) below) shall be “Non-Trimaran Directors.” Subject to
Section 3.04(c), the Non-Trimaran Directors shall initially include one designee of American Securities. All Persons to be elected as Trimaran Directors shall be designated by the Trimaran Vehicles, in a manner specified by the Managing Member.
The Company and the Managing Member shall take all Necessary Action to cause the election of any Persons properly designated as Trimaran Directors or Non-Trimaran Directors. 

(c) For so long as an Investor Member (together with its Affiliates) holds at least 15% of the aggregate number of Membership Units
outstanding, such Investor Member shall have the right, but not the obligation, to designate one (1) Person to be elected as a Non-Trimaran Director, and the Company shall take all Necessary Action to cause the election of such Person as a
Non-Trimaran Director; provided, however: (i) American Securities shall have the right, but not the obligation, to elect (or have elected by the Members) one Person to the CAC Board (which Person shall initially be Glenn Kaufman) until such
time as American Securities no longer holds Membership Units; provided further, however, that upon consummation of an IPO, such right shall remain until such time as American Securities holds less than its Threshold Interest Amount, (ii) FS
shall have the right, but not the obligation, to elect (or have elected by the Members) one Person (the “FS Director”) to the CAC Board (which Person shall initially be John M. Roth) until such time as FS collectively holds less
than 5% of the aggregate number of Membership Units outstanding, and (iii) until such time as FS holds less than 5% of the aggregate number of Membership Units, the Managing Member shall not change the class or voting power of the members of
the CAC Board in a manner that materially adversely affects the FS Director without the consent of FSA V and FSEP V. 
 (d) Notwithstanding
anything to the contrary herein, any Non-Trimaran Director shall be reasonably acceptable to the Managing Member (it being understood that Glenn Kaufman, David L. Horing, Michael G. Fisch, John M. Roth, Jon D. Ralph and Benjamin D. Geiger are
reasonably acceptable to the Managing Member). The Company and the Managing Member shall take all Necessary Action to cause the election of any Non-Trimaran Director pursuant to the foregoing. 

(e) The Company shall take all Necessary Action to cause the election of the chief executive officer of EPL Holdings, Inc. as a Non-Trimaran
Director. 

  
 2 

 (f) Persons serving on the CAC Board or the boards of other Subsidiaries of the Company shall be
reimbursed for reasonable, documented travel expenses incurred in connection with attendance at applicable board meetings. 
 (g) The board
of directors of each Material Subsidiary shall (i) consist of the same proportion of Trimaran Directors and Non-Trimaran Directors as that of the CAC Board and (ii) be elected and appointed in the same manner as the CAC Board, with each
Investor Member that has the right to designate a member of the CAC Board having the right to designate a member of the board of directors of each Material Subsidiary. The Managing Member shall amend Schedule D to reflect any additional Material
Subsidiaries. The Company shall use its reasonable best efforts to provide that directors and officers liability insurance maintained by CAC, and indemnification rights applicable to CAC directors, shall be similarly maintained or provided, as
applicable, to Members serving in their capacities as directors of Material Subsidiaries. 
 (h) The Continental Member and FS, for so long
as FSEP V or FSA V continues to hold Membership Units, shall have observer rights with respect to CAC Board meetings. 
 (i) Until such time
as FS holds less than 15% of the aggregate number of Membership Units or (i) the FS Director shall be entitled to serve on the Compensation Committee of each of the CAC Board and of the board of directors of each Material Subsidiary and
(ii) FS shall have observer rights with respect to any other committee of each of the CAC Board and of the board of directors of each Material Subsidiary. 

1.2. Schedules A, B and C. 

1.2.1. Schedules A, B and C of the Agreement shall be amended in their entirety to read as set forth in such Schedules hereto, respectively.
Upon the First Closing under the Unit Purchase Agreement, by executing and delivering this Amendment, each of FSEP V, FSA V and Peter Starrett shall hereby become a party to, and agrees to be bound and comply with the provisions of the Agreement, as
amended hereby, as a “Member” as that term is defined in the Agreement, as if the undersigned had entered into the Agreement, as amended, as an original party thereto in the capacity of a “Member,” including, without limitation,
for purposes of making the representations set forth in Article XII of the Agreement, provided that the representation in Section 12.01(n) does not apply to the Unit Purchase Agreement which FS may rely upon, to the extent permitted thereunder,
in connection with its purchase of Units, and FSA V does not make the representation that it is a Qualified Purchaser pursuant to Section 12.01(f). 

1.3. Section 3.06 of the Agreement shall be amended to add the following at the end of said Section: 

The Members hereby acknowledge and agree that CAC, Trimaran Fund Management, L.L.C. and Freeman Spogli & Co. V, L.P. will enter into
an Amendment No. 1 to Monitoring and Management Agreement (the “Management Agreement”), the form of which is attached as Schedule D hereto. 

  
 3 

 1.4. Section 5.01(c) of the Agreement shall be amended in its entirety to read as
follows: 
  

	 	(c)	In the event the Managing Member distributes non-Marketable Securities to any Member pursuant to the terms of this Agreement, other than (i) Newly Issued Securities, (ii) any securities distributed in
connection with a dissolution of the Company (other than a dissolution pursuant to Section 11.01(a)(i)), or (iii) any securities distributed pursuant to Section 5.01(f) of this Agreement, such Member shall enter into a stockholders
agreement with the Managing Member (or its designee) in respect of such non-Marketable Securities (A) containing substantially the same terms and conditions as set forth in Articles VII, VIII, and XIII, and Sections 9.04, 5.01(f), and 3.04
hereof, (B) providing that the right to vote such non-Marketable Securities shall remain with the Company or, if the Company has been dissolved, shall lie with the Managing Member and (C) in the event that such non-Marketable Securities
are distributed to the limited partners of the any of the Trimaran Vehicles, containing no greater restrictions on such Member than apply to the non-Marketable Securities that are held by the limited partners of such Trimaran Vehicle. Any such
agreement shall terminate upon the earlier of (i) the time that the Managing Member (or its Affiliates) no longer Controls, directly or indirectly, CAC, and (ii) the sixth anniversary of an IPO. 

1.5. Section 5.01 of the Agreement shall be amended to add the following provision at the end of such section: 

 

	 	(f)	 Beginning (i) two (2) years following the consummation of a Qualified Public Offering (as defined in the Stockholders Agreement), or
(ii) any time after the value of common stock of CAC, based on any daily closing price, previously sold to the public pursuant to a registration statement or pursuant to Rule 144 under the Securities Act, exceeds $100 million, but not before
two (2) years after an IPO, (iii) on the date on or after an IPO on which the Trimaran Vehicles shall have Transferred, directly or indirectly, Membership Units or shares of CAC common stock representing more than fifty percent
(50%) of the number of shares of CAC common stock Beneficially Owned by the Trimaran Vehicles as of the date hereof, FS shall be entitled to receive a pro rata distribution of the shares of CAC common stock held by the Company in proportion to
its ownership of membership interests in the Company for subsequent resale in compliance with applicable securities laws and with the Stockholders Agreement. In the event that FS receives any distribution of shares pursuant to the foregoing, FS
agrees that it shall (i) execute a supplementary agreement pursuant to Article IX of the Stockholders Agreement adding FS as an Additional Stockholder under such agreement and (ii) comply with any customary requests by underwriters with
respect to lockup or similar arrangements with securityholders to the extent major stockholders are similarly bound. Any distribution to FS pursuant to this Section 5.01(f) shall be in termination of its entire collective interest in the
Company, subject to its rights pursuant to Article X which shall continue in full force and effect with respect to any period prior to such distribution during which FS was a Member of the

  
 4 

	 	
Company. In the event that any Affiliate of CAC completes an IPO prior to any distribution pursuant to Section 5.01(f) of this Agreement, each of the Company and FS shall use commercially
reasonable efforts to preserve each of FS and the Trimaran Vehicles’ rights pursuant to Section 3.04 of this Agreement. 

1.6. Section 7.02(d) of the Agreement shall be amended in its entirety to read as follows: 

 

	 	(d)	Promptly following the end of the Election Period, the Company shall notify each electing Member of the amount of Newly Issued Securities or Other Securities (as the case may be) for which it has exercised its rights
under this Section 7.02, each such Member shall make a Capital Contribution to the Company in an amount equal to the purchase price for such Newly Issued Securities or Other Securities (as the case may be), and the Managing Member shall apply
such Capital Contributions to the purchase by the Company of such Newly Issued Securities or Other Securities (as the case may be). The Managing Member, in its reasonable discretion, shall determine whether the Newly Issued Securities or Other
Securities (as the case may be) shall be held by such Member or by the Company and, if by the Company, the number and class of new membership interests in the Company to be issued in respect of any Capital Contributions by such Member for such Newly
Issued Securities or Other Securities (as the case may be) and the terms and conditions applicable to such membership interests. The Managing Member shall amend Schedule B to reflect the purchase of any such membership interests. Alternatively, in
the event the Managing Member determines that such Member shall hold such Newly Issued Securities or Other Securities (as the case may be) directly rather than through its membership interest in the Company, such Member hereby agrees that it shall,
upon the Managing Member’s request, (i) enter into a shareholders agreement with the Managing Member (or its designee) in respect of such Newly Issued Securities or Other Securities (as the case may be) containing substantially the same
terms and conditions set forth in Section 5.01(f) and Articles VII, VIII, and XIII hereof, and providing that the right to vote such Newly Issued Securities or Other Securities (as the case may be) shall remain with the Company, or, if the
Company has been dissolved, shall lie with the Managing Member, until such time as the Managing Member (or its Affiliates) no longer Control, directly or indirectly, CAC, and (ii) become a party to the Stockholders Agreement (or a similar
agreement containing registration rights); provided, in each case that acquiring such securities directly and entering into such stockholders agreement does not violate any of the provisions of the underlying agreements governing such Newly Issued
Securities or Other Securities. 

 1.7. The definition of “Stockholders Agreement” shall be amended in its entirety
to read as follows: 
 “Stockholders Agreement” means the agreement entered into among the Company, CAC and certain other parties
thereto as of the Closing Date setting forth, among other things, certain drag-along, registration and preemptive rights granted to the Company in respect of the equity securities of CAC, a draft of which is attached as Exhibit A hereto, as amended
pursuant to its terms subsequent to the Closing Date. 

  
 5 

 2. Reference to and Effect upon the Agreement. Except as specifically set forth above, the
Agreement shall remain in full force and effect and is hereby ratified and confirmed. The execution, delivery and effectiveness of this Amendment shall not constitute an amendment of any provision of the Agreement, except as specifically set forth
herein. 
 3. Headings. The section headings contained in this Amendment are solely for the purpose of reference, are not part of the
agreement of the parties hereto, and shall not in any way affect the meaning or interpretation of this Amendment. 
 4. Counterparts;
Effectiveness. This Amendment may be signed in any number of counterparts, each of which shall be deemed an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. This Amendment shall become
effective when each party hereto shall have received counterparts hereof signed by all of the other parties hereto. 

[Remainder of page intentionally left blank] 

  
 6 

 IN WITNESS WHEREOF, the parties hereto have duly executed and delivered this Amendment as of the
date first written above. 
  

			
	THE COMPANY
	
	TRIMARAN POLLO PARTNERS, L.L.C.
		
	By:	 	 /s/ Dean C. Kehler

		 	Name: Dean C. Kehler
		 	Title:   Vice President and Secretary
	
	MANAGING MEMBER
	
	TRIMARAN CAPITAL, L.L.C.
		
	By:	 	 /s/ Dean C. Kehler

		 	Name: Dean C. Kehler
		 	Title:   Managing Director

 [ Amendment No. 1 to Second Amended and Restated Limited Liability Company 

Operating Agreement of Trimaran Pollo Partners, L.L.C. Signature Page ] 

 
			
	OTHER MEMBERS
	
	TRIMARAN FUND II, L.L.C.
		
	By:	 	 /s/ Jay R. Bloom

		 	Name: Jay R. Bloom
		 	Title:   Managing Director
	
	TRIMARAN PARALLEL FUND II, L.P.
		
	By:	 	 /s/ Jay R. Bloom

		 	Name: Jay R. Bloom
		 	Title:   Managing Director
	
	CIBC EMPLOYEE PRIVATE EQUITY FUND (TRIMARAN) PARTNERS
		
	By:	 	 /s/ Jay R. Bloom

		 	Name: Jay R. Bloom
		 	Title:   Managing Director

  
 [ Amendment No.
1 to Second Amended and Restated Limited Liability Company 
 Operating Agreement of Trimaran Pollo Partners, L.L.C. Signature Page
] 

 
			
	CIBC CAPITAL CORPORATION
		
	By:	 	 /s/ Jay R. Bloom

		 	Name: Jay R. Bloom
		 	Title:   Managing Director

  
 [ Amendment No.
1 to Second Amended and Restated Limited Liability Company 
 Operating Agreement of Trimaran Pollo Partners, L.L.C. Signature Page
] 

 
			
	ASP EPL L.L.C.
		
	By:	 	 /s/ Eric Schondorf

	Name:	 	Eric Schondorf

  
 [ Amendment No.
1 to Second Amended and Restated Limited Liability Company 
 Operating Agreement of Trimaran Pollo Partners, L.L.C. Signature Page
] 

 
					
	CONTINENTAL CASUALTY COMPANY
		
	By:	 	 /s/ Dennis R. Hemme

		 	Name:	 	Dennis R. Hemme
		 	Title:	 	Senior Vice President and Treasurer

  
 [ Amendment No.
1 to Second Amended and Restated Limited Liability Company 
 Operating Agreement of Trimaran Pollo Partners, L.L.C. Signature Page
] 

 
			
	MULTI-STRATEGY HOLDINGS, L.P.
	
	By: Multi-Strategy Holdings Offshore Advisors, Inc., its General Partner
		
	By:	 	 /s/ Ryan Boucher

		 	Name: Ryan Boucher
		 	Title:   Vice President
	
	VF III HOLDINGS, L.P.
	
	By: VF III Holdings Offshore Advisors, Inc., its General Partner
		
	By:	 	 /s/ Ryan Boucher

		 	Name: Ryan Boucher
		 	Title:   Vice President

  
 [ Amendment No.
1 to Second Amended and Restated Limited Liability Company 
 Operating Agreement of Trimaran Pollo Partners, L.L.C. Signature Page
] 

 
			
	ZG INVESTMENTS III LTD.
		
	By:	 	 /s/ Linda Morrell

		 	Name: Linda Morrell
		 	Title:   Assistant Controller

  
 [ Amendment No.
1 to Second Amended and Restated Limited Liability Company 
 Operating Agreement of Trimaran Pollo Partners, L.L.C. Signature Page
] 

 
			
	BRODY 2005 LLC
		
	By:	 	 /s/ Howard Kaye

		 	Name: Howard Kaye
		 	Title:   Managing Member

  
 [ Amendment No.
1 to Second Amended and Restated Limited Liability Company 
 Operating Agreement of Trimaran Pollo Partners, L.L.C. Signature Page
] 

 
			
	FEA III L.P.
		
	By:	 	 /s/ Warren Eisenberg

		 	Name: Warren Eisenberg
		 	Title:   Managing Partner

  
 [ Amendment No.
1 to Second Amended and Restated Limited Liability Company 
 Operating Agreement of Trimaran Pollo Partners, L.L.C. Signature Page
] 

 
			
	EPL CORPORATION
		
	By:	 	 /s/ Michael Scharf

		 	Name: Michael Scharf
		 	Title:   President

  
 [ Amendment No.
1 to Second Amended and Restated Limited Liability Company 
 Operating Agreement of Trimaran Pollo Partners, L.L.C. Signature Page
] 

 
					
	FS EQUITY PARTNERS V, L.P.
		
	By:	 	FS Capital Partners V, LLC,
		 	Its General Partner
		
	By:	 	 /s/ John M. Roth

		 	Name:	 	John M. Roth
		 	Title:	 	Managing Member
	
	FS AFFILIATES V, L.P.
		
	By:	 	FS Capital Partners V, LLC,
		 	Its General Partner
		
	By:	 	 /s/ John M. Roth

		 	Name:	 	John M. Roth
		 	Title:	 	Managing Member
		
	By:	 	 /s/ Peter Starrett

		 	Name:	 	Peter Starrett

  
 [ Amendment No.
1 to Second Amended and Restated Limited Liability Company 
 Operating Agreement of Trimaran Pollo Partners, L.L.C. Signature Page
] 

 SCHEDULE A 

NAMES AND ADDRESSES OF MEMBERS 
  

			
	 Name
	  	 Address

	ASP EPL L.L.C.	  	 c/o American Securities Capital Partners, L.P.

666 Third Avenue, 29th Floor

New York, New York 10017
 Attention: Glenn Kaufman

Telephone: 212-476-8000
 Fax: 212-697-5524

		
	Continental Casualty Company	  	 Mike Hass
 CNA

333 South Wabash Avenue, 23 South
 Chicago, Illinois 60604

Attention: Michael Hass
 Telephone: 312-822-6592

		
	Multi-Strategy Holdings, L.P.	  	 Multi-Strategy Holdings, L.P.
 32 Old Slip, 37th Floor
 New York, New York 10005

Attn: Kane Brennan
 Telephone: 212-855-9851

Fax: 212-493-0187

		
	VF III Holdings, L.P.	  	 VF III Holdings, L.P.
 32 Old Slip, 37th Floor
 New York, New York 10005

Attn: Kane Brennan
 Telephone: 212-855-9851

Fax: 212-493-0187

		
	Trimaran Capital, L.L.C.	  	 c/o Trimaran Fund Management, L.L.C.
 1325
Avenue of the Americas, 34th Floor
 New York, New York 10019

Attn.: Alberto Robaina
 Telephone: 212-616-3750

Fax: 212-616-3704

  
 Schedule-A-1 

			
	Trimaran Fund II, L.L.C.	  	 c/o Trimaran Fund Management, L.L.C.
 1325
Avenue of the Americas, 34th Floor
 New York, New York 10019

Attn.: Alberto Robaina
 Telephone: 212-616-3750

Fax: 212-616-3704

		
	Trimaran Parallel Fund II, L.P.	  	 c/o Trimaran Fund Management, L.L.C.
 1325
Avenue of the Americas, 34th Floor
 New York, New York 10019

Attn.: Alberto Robaina
 Telephone: 212-616-3750

Fax: 212-616-3704

		
	CIBC Employee Private Equity Fund (Trimaran) Partners	  	 c/o Trimaran Fund Management, L.L.C.
 1325
Avenue of the Americas, 34th Floor
 New York, New York 10019

Attn.: Alberto Robaina
 Telephone: 212-616-3750

Fax: 212-616-3704

		
	CIBC Capital Corporation	  	 c/o Trimaran Fund Management, L.L.C.
 1325
Avenue of the Americas, 34th Floor
 New York, New York 10019

Attn.: Alberto Robaina
 Telephone: 212-616-3750

Fax: 212-616-3704

		
	Brody 2005 LLC	  	 c/o Hub International
 1065 Avenue of the
Americas
 New York, New York 10018
 Attention: Howard Kaye

Telephone: 212-338-2263
 Fax: 212-354-0894

		
	FEA III L.P.	  	 c/o Rockdale Capital
 650 Liberty Avenue

Union, NJ 07083
 Attention: Linda Kao

Telephone: 908-688-4815

  
 Schedule-A-2 

			
	EPL Corporation	  	 c/o Niagara Corporation
 667 Madison Avenue

11th Floor

New York, New York 10021
 Attention: Michael Scharf

Telephone: 212-317-1000
 Fax: 212-317-1001

		
	ZG Investments III Ltd.	  	 Courier Address
 Wellesley House,

90 Pitt’s Bay Road,
 Pembroke HM 08,

BERMUDA
  

Mailing Address
 P.O. Box HM 2268,

Hamilton HM JX,
 BERMUDA

 
 Telephone: 1-441-294-2400

Fax: 1-441-294-2401
 Attention: Mike Deevy

 
 With a copy to:
  

Zurich Alternative Asset Management, LLC
 105 East 17th Street

New York, NY 10003
 Attention: General Counsel

Tel: 212-859-2714
 Fax: 212-859-2790

		
	 FS Equity Partners V, L.P.
 FS Affiliates V,
L.P.
	  	 FS Equity Partners V, L.P.
 FS Affiliates V,
L.P.
 11100 Santa Monica Boulevard
 Suite 1900

Los Angeles, CA 90025
 Tel: 310-444-1822

Fax: 310-444-1870

  
 Schedule-A-3 

			
		
		  	 With a copy to:
  

Bingham McCutchen, LLP
 355 South Grand Avenue, Suite 4400

Los Angeles, CA 90071-3106
 Attention: Richard J. Welch

Tel: 213-680-6400
 Fax: 213-680-6499

		
	Peter Starrett	  	 11100 Santa Monica Boulevard
 Suite 1900

Los Angeles, CA 90025
 Tel: 310-444-1822

Fax: 310-444-1870

  
 Schedule-A-4 

 SCHEDULE B 

CAPITAL CONTRIBUTIONS AND 

MEMBERSHIP UNITS 
  

													
	 Name
	  	Capital
Contribution	 	  	Membership
Units	 	  	Percentage	 
	 ASP EPL L.L.C.
	  	$	10,000,000.00	  	  	 	115,697.40	  	  	 	4.99	% 
				
	 Continental Casualty Company
	  	$	10,000,000.00	  	  	 	115,697.40	  	  	 	4.99	% 
				
	 Multi-Strategy Holdings, L.P.
	  	$	659,963.26	  	  	 	7,635.60	  	  	 	0.33	% 
				
	 VF III Holdings, L.P.
	  	$	9,340,036.74	  	  	 	108,061.79	  	  	 	4.66	% 
				
	 Trimaran Capital, L.L.C.
	  	$	2,666,954.28	  	  	 	30,855.97	  	  	 	1.33	% 
				
	 Trimaran Fund II, L.L.C.
	  	$	41,305,098.22	  	  	 	477,889.24	  	  	 	20.60	% 
				
	 Trimaran Parallel Fund II, L.P.
	  	$	17,390,592.84	  	  	 	201,204.63	  	  	 	8.67	% 
				
	 CIBC Employee Private Equity Fund (Trimaran) Partners
	  	$	26,895,806.98	  	  	 	311,177.49	  	  	 	13.41	% 
				
	 CIBC Capital Corporation
	  	$	29,342,494.69	  	  	 	339,485.03	  	  	 	14.63	% 
				
	 Brody 2005 LLC
	  	$	4,550,000.00	  	  	 	52,642.32	  	  	 	2.27	% 
				
	 FEA III L.P.
	  	$	2,000,000.00	  	  	 	23,139.48	  	  	 	1.00	% 
				
	 EPL Corporation
	  	$	1,000,000.00	  	  	 	11,569.74	  	  	 	0.50	% 
				
	 ZG Investments III Ltd.
	  	$	10,000,000.00	  	  	 	115,697.40	  	  	 	4.99	% 
				
	 FS Equity Partners V, L.P.
	  	$	44,159,300.00	  	  	 	401,448.18	  	  	 	17.30	% 
				
	 FS Affiliates V, L.P.
	  	$	590,700.00	  	  	 	5,370	  	  	 	0.23	% 
				
	 Peter Starrett
	  	$	250,000.00	  	  	 	2,272.73	  	  	 	0.10	% 
				
	 Total
	  	$	210,150,947.00	  	  	 	2,319,844.40	  	  	 	100	% 

  
 Schedule-B-1 

 SCHEDULE C 

INVESTOR MEMBERS 
  

			
	 Name
	  	 Address

	ASP EPL L.L.C.	  	 c/o American Securities Capital Partners, L.P.

666 Third Avenue, 29th Floor

New York, New York 10017
 Attention: Glenn Kaufman

Telephone: 212-476-8000
 Fax: 212-697-5524

		
	Continental Casualty Company	  	 Mike Hass
 CNA

333 South Wabash Avenue, 23 South
 Chicago, Illinois 60604

Attention: Michael Hass
 Telephone: 312-822-6592

		
	Multi-Strategy Holdings, L.P.	  	 Multi-Strategy Holdings, L.P.
 32 Old Slip, 37th Floor
 New York, New York 10005

Attn: Kane Brennan
 Telephone: 212-855-9851

Fax: 212-493-0187

		
	VF III Holdings, L.P.	  	 VF III Holdings, L.P.
 32 Old Slip, 37th Floor
 New York, New York 10005

Attn: Kane Brennan
 Telephone: 212-855-9851

Fax: 212-493-0187

		
	Brody 2005 LLC	  	 c/o Hub International
 1065 Avenue of the
Americas
 New York, New York 10018
 Attention: Howard Kaye

Telephone: 212-338-2263
 Fax:
212-354-0894

  
 Schedule-C-1 

			
	FEA III L.P.	  	 c/o Rockdale Capital
 650 Liberty Avenue

Union, NJ 07083
 Attention: Linda Kao

Telephone: 908-688-4815

		
	EPL Corporation	  	 c/o Niagara Corporation
 667 Madison Avenue

11th Floor

New York, New York 10021
 Attention: Michael Scharf

Telephone: 212-317-1000
 Fax: 212-317-1001

		
	ZG Investments III Ltd.	  	 Courier Address
 Wellesley House,

90 Pitt’s Bay Road,
 Pembroke HM 08,

BERMUDA
  

Mailing Address
 P.O. Box HM 2268,

Hamilton HM JX,
 BERMUDA

 
 Telephone: 1-441-294-2400

Fax: 1-441-294-2401
 Attention: Mike Deevy

 
 With a copy to:
  

Zurich Alternative Asset Management, LLC
 105 East 17th Street

New York, NY 10003
 Attention: General Counsel

Tel: 212-859-2714
 Fax: 212-859-2790

		
	 FS Equity Partners V, L.P.
 FS Affiliates V,
L.P.
	  	 FS Equity Partners V, L.P.
 FS Affiliates V,
L.P.
 11100 Santa Monica Boulevard
 Suite 1900

Los Angeles, CA 90025
 Tel: 310-444-1822

Fax: 310-444-1870

  
 Schedule-C-2 

			
		  	 With a copy to:
  

Bingham McCutchen, LLP
 355 South Grand Avenue, Suite 4400

Los Angeles, CA 90071-3106
 Attention: Richard J. Welch

Tel: 213-680-6400
 Fax: 213-680-6499

  
 Schedule-C-3EX-10.8

 Exhibit 10.8 

AMENDMENT NO. 2 
 TO

 SECOND AMENDED AND RESTATED 

LIMITED LIABILITY COMPANY OPERATING AGREEMENT 

OF 
 TRIMARAN POLLO
PARTNERS, L.L.C. 
 This AMENDMENT NO. 2 (this “Amendment”) to the Second Amended and Restated Limited Liability
Company Operating Agreement (the “Agreement”) of Trimaran Pollo Partners, L.L.C. (the “Company”) is entered into as of this 30th day of January, 2008 by and among the Company, Trimaran, and the parties whose names
are set forth on Schedule C hereto. Capitalized terms used herein and not otherwise defined in this Amendment shall have the meanings ascribed to such term in the Agreement (as defined below). 

RECITALS 
 WHEREAS,
on March 8, 2006, the Company entered into the Second Amended and Restated Limited Liability Company Operating Agreement with the members listed in Schedule A thereto; 

WHEREAS, Section 13.04 of the Agreement provides that the Agreement may be amended or modified with the approval of Trimaran and each
Investor Member, respectively; and 
 WHEREAS, in connection with the closing under the Unit Purchase Agreement (the “Unit Purchase
Agreement”) consummated on the date hereof by and among the Company, Chicken Acquisition Corp., a Delaware corporation, EPL Intermediate, Inc., a Delaware corporation, El Pollo Loco, Inc., a Delaware corporation, certain members of the
Company signatories thereto, FS Equity Partners V, L.P. (“FSEP V”), FS Affiliates V, L.P. (“FSA V”) and Peter Starrett, (“Starrett” and collectively with FSEP V and FSA V, “FS”),
Trimaran and each Investor Member desire to amend the Agreement as set forth in this Amendment. 
 NOW THEREFORE, in consideration of the
foregoing recitals, mutual agreements contained herein and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and the other signatories hereto, intending to be legally bound hereby, agree
as follows: 
 1. Amendments. 

1.1. Officers 
 1.1.1.
Section 3.03(e) of the Agreement shall be amended to read in its entirety as follows: 
 (e) The following persons are hereby appointed
officers of the Company: 
 Andrew R. Heyer – President 

Dean C. Kehler — Vice President 

Jay R. Bloom — Vice President and Secretary 

Alberto Robaina — Assistant Secretary 

 1.2. CAC Board 

1.2.1. Section 3.04(a) of the Agreement shall be amended to read in its entirety as follows: 

(a) The board of directors of CAC (the “CAC Board”) shall consist of a total of 9 directors. Except as provided by
Section 3.04(c) below, the Managing Member may cause the Company to change the total number of directors comprising the CAC Board, to designate or change the class and voting power of such directors, to appoint any additional directors to the
CAC Board and to fill any vacancies on the CAC Board. The Company shall take all Necessary Action to cause any decision of the Managing Member pursuant to the preceding sentence to be effectuated as the Managing Member deems appropriate. 

1.2.2. Section 3.04(b) of the Agreement shall be amended to read in its entirety as follows: 

(b) All directors on the CAC Board shall be designated by the Trimaran Vehicles, except as provided in Section 3.04(c) below. All Persons
designated to the CAC Board by the Trimaran Vehicles shall be “Trimaran Directors” and all others (including those designated pursuant to Sections 3.04(c) and 3.04(e) below) shall be “Non-Trimaran Directors.” All Persons to be
elected as Trimaran Directors shall be designated by the Trimaran Vehicles, in a manner specified by the Managing Member. The Company and the Managing Member shall take all Necessary Action to cause the election of any Persons properly designated as
Trimaran Directors or Non-Trimaran Directors. 
 1.2.3. Section 3.04(c) of the Agreement shall be amended to read in its entirety as
follows: 
 (c) For so long as an Investor Member (together with its Affiliates) holds at least 15% of the aggregate number of Membership
Units outstanding, such Investor Member shall have the right, but not the obligation, to designate one (1) Person to be elected as a Non-Trimaran Director, and the Company shall take all Necessary Action to cause the election of such Person as
a Non-Trimaran Director; provided, however: (i) that FS shall have the right, but not the obligation, to elect (or have elected by the Members) one Person (the “FS Director”) to the CAC Board (which Person shall initially be
John M. Roth) until such time as FS collectively holds less than 5% of the aggregate number of Membership Units outstanding, and (ii) until such time as FS holds less than 5% of the aggregate number of Membership Units, the Managing Member
shall not change the class or voting power of the members of the CAC Board in a manner that materially adversely affects the FS Director without the consent of FSA V and FSEP V. 

  
 2 

 1.2.4. Section 3.04(d) of the Agreement shall be amended to read in its entirety as
follows: 
 (d) Notwithstanding anything to the contrary herein, any Non-Trimaran Director shall be reasonably acceptable to the Managing
Member (it being understood that John M. Roth, Jon D. Ralph and Benjamin D. Geiger are reasonably acceptable to the Managing Member). The Company and the Managing Member shall take all Necessary Action to cause the election of any Non-Trimaran
Director pursuant to the foregoing. 
 1.3. Distributions 

1.3.1. Section 5.01(d) of the Agreement shall be amended to read in its entirety as follows: [reserved]. 

1.3.2. Section 5.01(e) of the Agreement shall be amended to read in its entirety as follows: [reserved]. 

1.4. Transfers to Affiliates 

1.4.1. Section 8.05 of the Agreement shall be amended to read in its entirety as follows: 

Subject to Section 8.06, any Member may Transfer any Membership Units to an Affiliate of such Member; provided that such Transfer
shall not be effective unless and until the Managing Member is reasonably satisfied that such Transfer complies with the conditions set forth in clauses (i) through (iv) of Section 8.01(c); and, provided further that,
notwithstanding anything to the contrary herein, transfers to Affiliates shall not trigger the right of first offer, tag-along or drag-along rights described in Sections 8.02, 8.03 and 8.04, respectively. 

1.5. Schedules A, B and C. 

1.5.1. Schedules A, B and C of the Agreement shall be amended in their entirety to read as set forth in such Schedules hereto, respectively.

 1.6. The definition of “American Securities” shall be deleted in its entirety. 

1.7. The definition of “Capital Contributions” shall be amended in its entirety to read as follows: 

“Capital Contribution” means, with respect to any Member, the total amount of cash or the value of other property contributed
to the Company by such Member pursuant to this Agreement; provided that the Managing Member shall determine in its reasonable discretion the value of any property other than cash contributed by any Member; provided, further,
that any Capital Contributions made following the date of this Agreement shall consist solely of cash. 

  
 3 

 2. Reference to and Effect upon the Agreement. Except as specifically set forth above, the
Agreement shall remain in full force and effect and is hereby ratified and confirmed. The execution, delivery and effectiveness of this Amendment shall not constitute an amendment of any provision of the Agreement, except as specifically set forth
herein. 
 3. Headings. The section headings contained in this Amendment are solely for the purpose of reference, are not part of the
agreement of the parties hereto, and shall not in any way affect the meaning or interpretation of this Amendment. 
 4. Counterparts;
Effectiveness. This Amendment may be signed in any number of counterparts, each of which shall be deemed an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. This Amendment shall become
effective when each party hereto shall have received counterparts hereof signed by all of the other parties hereto. 

[Remainder of page intentionally left blank] 

  
 4 

 IN WITNESS WHEREOF, the parties hereto have duly executed and delivered this Amendment as of the
date first written above. 
  

					
	THE COMPANY
	
	TRIMARAN POLLO PARTNERS, L.L.C.
		
	By:	 	 /s/ Jay R. Bloom

		 	Name:	 	Jay R. Bloom
		 	Title:	 	Vice President and Secretary
	
	MANAGING MEMBER
	
	TRIMARAN CAPITAL, L.L.C.
		
	By:	 	 /s/Jay R. Bloom

		 	Name:	 	Jay R. Bloom
		 	Title:	 	Managing Director

  
 [ Amendment No. 2 to
Second Amended and Restated Limited Liability Company 
 Operating Agreement of Trimaran Pollo Partners, L.L.C. Signature Page ]

 
					
	OTHER MEMBERS
	
	TRIMARAN FUND II, L.L.C.
		
	By:	 	 /s/ Jay R. Bloom

		 	Name:	 	Jay R. Bloom
		 	Title:	 	Managing Director
	
	TRIMARAN PARALLEL FUND II, L.P.
		
	By:	 	 /s/ Jay R. Bloom

		 	Name:	 	Jay R. Bloom
		 	Title:	 	Managing Director
	
	CIBC EMPLOYEE PRIVATE EQUITY FUND (TRIMARAN) PARTNERS
		
	By:	 	 /s/ Jay R. Bloom

		 	Name:	 	Jay R. Bloom
		 	Title:	 	Managing Director

  
 [ Amendment No. 2 to
Second Amended and Restated Limited Liability Company 
 Operating Agreement of Trimaran Pollo Partners, L.L.C. Signature Page ]

 
					
	CIBC CAPITAL CORPORATION
		
	By:	 	 /s/Jay R. Bloom

		 	Name:	 	Jay R. Bloom
		 	Title:	 	Managing Director

  
 [ Amendment No. 2 to
Second Amended and Restated Limited Liability Company 
 Operating Agreement of Trimaran Pollo Partners, L.L.C. Signature Page ]

 
					
	CONTINENTAL CASUALTY COMPANY
		
	By:	 	 /s/ Marilou R. McGirr

		 	Name:	 	Marilou R. McGirr
		 	Title:	 	Vice President and Assistant Treasurer

  
 [ Amendment No. 2 to
Second Amended and Restated Limited Liability Company 
 Operating Agreement of Trimaran Pollo Partners, L.L.C. Signature Page ]

 
					
	MULTI-STRATEGY HOLDINGS, L.P.
		
	By:	 	Multi-Strategy Holdings Offshore Advisors, Inc., its General Partner
		
	By:	 	 /s/ Ryan Boucher

		 	Name:	 	Ryan Boucher
		 	Title:	 	Vice President
	
	VF III HOLDINGS, L.P.
		
	By:	 	 VF III Holdings Offshore Advisors, Inc.,

its General Partner

		
	By:	 	 /s/ Ryan Boucher

		 	Name:	 	Ryan Boucher
		 	Title:	 	Vice President

  
 [ Amendment No. 2 to
Second Amended and Restated Limited Liability Company 
 Operating Agreement of Trimaran Pollo Partners, L.L.C. Signature Page ]

 
					
	ZG INVESTMENTS III LTD.
		
	By:	 	 /s/ Michael Deevy

		 	Name:	 	Michael Deevy
		 	Title:	 	Director
		
	By:	 	 /s/ Linda Morrell

		 	Name:	 	Linda Morrell
		 	Title:	 	Director

  
 [ Amendment No. 2 to
Second Amended and Restated Limited Liability Company 
 Operating Agreement of Trimaran Pollo Partners, L.L.C. Signature Page ]

 
					
	BRODY 2005 LLC
		
	By:	 	 /s/ Howard Kaye

		 	Name:	 	Howard Kaye
		 	Title:	 	Managing Member

  
 [ Amendment No. 2 to
Second Amended and Restated Limited Liability Company 
 Operating Agreement of Trimaran Pollo Partners, L.L.C. Signature Page ]

 
					
	FS EQUITY PARTNERS V, L.P.
		
	By:	 	FS Capital Partners V, LLC,
		 	its General Partner
		
	By:	 	 /s/ John M. Roth

		 	Name:	 	John M. Roth
		 	Title:	 	Managing Member
	
	FS AFFILIATES V, L.P.
		
	By:	 	FS Capital Partners V, LLC,
		 	its General Partner
		
	By:	 	 /s/ John M. Roth

		 	Name:	 	John M. Roth
		 	Title:	 	Managing Member

  
 [ Amendment No. 2 to
Second Amended and Restated Limited Liability Company 
 Operating Agreement of Trimaran Pollo Partners, L.L.C. Signature Page ]

 SCHEDULE A 

NAMES AND ADDRESSES OF MEMBERS 
  

			
	 Name
	  	 Address

	Continental Casualty Company	  	 Mike Hass
 CNA

333 South Wabash Avenue, 23 South
 Chicago, Illinois 60604

Attention: Michael Hass
 Telephone: 312-822-6592

		
	Multi-Strategy Holdings, L.P.	  	 Multi-Strategy Holdings, L.P.
 32 Old Slip, 37th Floor
 New York, New York 10005

Attn: Kane Brennan
 Telephone: 212-855-9851

Fax: 212-493-0187

		
	VF III Holdings, L.P.	  	 VF III Holdings, L.P.
 32 Old Slip, 37th Floor
 New York, New York 10005

Attn: Kane Brennan
 Telephone: 212-855-9851

Fax: 212-493-0187

		
	Trimaran Capital, L.L.C.	  	 c/o Trimaran Fund Management, L.L.C.
 1325
Avenue of the Americas, 34th Floor
 New York, New York 10019

Attn.: Alberto Robaina
 Telephone: 212-616-3750

Fax: 212-616-3704

		
	Trimaran Fund II, L.L.C.	  	 c/o Trimaran Fund Management, L.L.C.
 1325
Avenue of the Americas, 34th Floor
 New York, New York 10019

Attn.: Alberto Robaina
 Telephone: 212-616-3750

Fax: 212-616-3704

		
	Trimaran Parallel Fund II, L.P.	  	 c/o Trimaran Fund Management, L.L.C.
 1325
Avenue of the Americas, 34th Floor
 New York, New York 10019

Attn.: Alberto Robaina
 Telephone: 212-616-3750

Fax: 212-616-3704

  
 Schedule-A-1 

			
	CIBC Employee Private Equity Fund (Trimaran) Partners	  	 c/o Trimaran Fund Management, L.L.C.
 1325
Avenue of the Americas, 34th Floor
 New York, New York 10019

Attn.: Alberto Robaina
 Telephone: 212-616-3750

Fax: 212-616-3704

		
	CIBC Capital Corporation	  	 c/o Trimaran Fund Management, L.L.C.
 1325
Avenue of the Americas, 34th Floor
 New York, New York 10019

Attn.: Alberto Robaina
 Telephone: 212-616-3750

Fax: 212-616-3704

		
	Brody 2005 LLC	  	 c/o Hub International
 1065 Avenue of the
Americas
 New York, New York 10018
 Attention: Howard Kaye

Telephone: 212-338-2263
 Fax: 212-354-0894

		
	ZG Investments III Ltd.	  	 Courier Address
 Wellesley House,

90 Pitt’s Bay Road,
 Pembroke HM 08,

BERMUDA
  

Mailing Address
 P.O. Box HM 2268,

Hamilton HM JX,
 BERMUDA

 
 Telephone: 1-441-294-2400

Fax: 1-441-294-2401
 Attention: Mike Deevy

 
 With a copy to:
  

Zurich Alternative Asset Management, LLC
 105 East 17th Street

New York, NY 10003
 Attention: General Counsel

  
 Schedule-A-2 

			
	 FS Equity Partners V, L.P.
 FS Affiliates V,
L.P.
	  	 FS Equity Partners V, L.P.
 FS Affiliates V,
L.P.
 11100 Santa Monica Boulevard
 Suite 1900

Los Angeles, CA 90025
 Tel: 310-444-1822

Fax: 310-444-1870
  

With a copy to:
  

Bingham McCutchen, LLP
 355 South Grand Avenue, Suite 4400

Los Angeles, CA 90071-3106
 Attention: Richard J. Welch

Tel: 213-680-6400
 Fax: 213-680-6499

		
	Peter Starrett	  	 11100 Santa Monica Boulevard
 Suite 1900

Los Angeles, CA 90025
 Tel: 310-444-1822

Fax: 310-444-1870

  
 Schedule-A-3 

 SCHEDULE B 

CAPITAL CONTRIBUTIONS AND 

MEMBERSHIP UNITS 
  

													
	 Name
	  	Capital
Contribution	 	  	Membership
Units	 	  	Percentage	 
	 Continental Casualty Company
	  	$	5,000,000.00	  	  	 	57,848.70	  	  	 	2.49	% 
				
	 Multi-Strategy Holdings, L.P.
	  	$	659,963.26	  	  	 	7,635.60	  	  	 	0.33	% 
				
	 VF III Holdings, L.P.
	  	$	9,340,036.74	  	  	 	108,061.79	  	  	 	4.66	% 
				
	 Trimaran Capital, L.L.C.
	  	$	2,666,954.28	  	  	 	30,855.97	  	  	 	1.33	% 
				
	 Trimaran Fund II, L.L.C.
	  	$	41,305,098.22	  	  	 	477,889.24	  	  	 	20.60	% 
				
	 Trimaran Parallel Fund II, L.P.
	  	$	17,390,592.84	  	  	 	201,204.63	  	  	 	8.67	% 
				
	 CIBC Employee Private Equity Fund (Trimaran) Partners
	  	$	26,895,806.98	  	  	 	311,177.49	  	  	 	13.41	% 
				
	 CIBC Capital Corporation
	  	$	29,342,494.69	  	  	 	339,485.03	  	  	 	14.63	% 
				
	 Brody 2005 LLC
	  	$	1,446,292.57	  	  	 	16,733.23	  	  	 	.72	% 
				
	 ZG Investments III Ltd.
	  	$	10,000,000.00	  	  	 	115,697.40	  	  	 	4.99	% 
				
	 FS Equity Partners V, L.P.
	  	$	64,984,438.49	  	  	 	642,389.62	  	  	 	27.69	% 
				
	 FS Affiliates V, L.P.
	  	$	869,268.94	  	  	 	8,592.97	  	  	 	.37	% 
				
	 Peter Starrett
	  	$	250,000.00	  	  	 	2,272.73	  	  	 	0.10	% 
				
	 Total
	  	$	210,150,947.01	  	  	 	2,319,844.40	  	  	 	100	% 

  
 Schedule-B-1 

 SCHEDULE C 

INVESTOR MEMBERS 
  

			
	 Name
	  	 Address

	Continental Casualty Company	  	 Mike Hass
 CNA

333 South Wabash Avenue, 23 South
 Chicago, Illinois 60604

Attention: Michael Hass
 Telephone: 312-822-6592

		
	Multi-Strategy Holdings, L.P.	  	 Multi-Strategy Holdings, L.P.
 32 Old Slip, 37th Floor
 New York, New York 10005

Attn: Kane Brennan
 Telephone: 212-855-9851

Fax: 212-493-0187

		
	VF III Holdings, L.P.	  	 VF III Holdings, L.P.
 32 Old Slip, 37th Floor
 New York, New York 10005

Attn: Kane Brennan
 Telephone: 212-855-9851

Fax: 212-493-0187

		
	Brody 2005 LLC	  	 c/o Hub International
 1065 Avenue of the
Americas
 New York, New York 10018
 Attention: Howard Kaye

Telephone: 212-338-2263
 Fax: 212-354-0894

		
	ZG Investments III Ltd.	  	 Courier Address
 Wellesley House,

90 Pitt’s Bay Road,
 Pembroke HM 08,

BERMUDA
  

Mailing Address
 P.O. Box HM 2268,

Hamilton HM JX,
 BERMUDA

 
 Telephone: 1-441-294-2400

Fax: 1-441-294-2401
 Attention: Mike Deevy

  
 Schedule-C-1 

			
		
		  	 With a copy to:
  

Zurich Alternative Asset Management, LLC
 105 East 17th Street

New York, NY 10003
 Attention: General Counsel

		
	 FS Equity Partners V, L.P.
 FS Affiliates V,
L.P.
	  	 FS Equity Partners V, L.P.
 FS Affiliates V,
L.P.
 11100 Santa Monica Boulevard
 Suite 1900

Los Angeles, CA 90025
 Tel: 310-444-1822

Fax: 310-444-1870
  

With a copy to:
  

Bingham McCutchen, LLP
 355 South Grand Avenue, Suite 4400

Los Angeles, CA 90071-3106
 Attention: Richard J. Welch

Tel: 213-680-6400
 Fax: 213-680-6499

  
 Schedule-C-2

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