Document:

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                                                                   Exhibit 10.32

THE OBLIGATIONS UNDER THIS AGREEMENT ARE SUBORDINATED TO THE CLAIMS OF UNION
BANK OF CALIFORNIA, N.A. ("UBOC") PURSUANT TO AND IN ACCORDANCE WITH THE TERMS
OF THAT CERTAIN AMENDED AND RESTATED INTERCREDITOR AND SUBORDINATION AGREEMENT
DATED OF EVEN DATE HEREWITH BETWEEN SECURED PARTY (AS DEFINED BELOW) AND UBOC,
AS AMENDED (THE "INTERCREDITOR AGREEMENT").

                              AMENDED AND RESTATED
               PATENT, TRADEMARK AND COPYRIGHT SECURITY AGREEMENT

     THIS AMENDED AND RESTATED PATENT, TRADEMARK AND COPYRIGHT SECURITY
AGREEMENT dated as of __________, 2002 (this "Agreement") is made by OVERHILL
FARMS, INC., a Nevada corporation (the "Company"), and OVERHILL L.C. VENTURES,
INC., a California corporation ("Overhill Ventures"), (each of Company, Overhill
Ventures and any direct or indirect Subsidiary of the Company or Overhill
Ventures from time to time party hereto is referred to herein as a "Grantor"
and, collectively, as the "Grantors"), in favor of LEVINE LEICHTMAN CAPITAL
PARTNERS II, L.P., a California limited partnership ("Secured Party").

                                    RECITALS

     A.   The Company, OVERHILL CORPORATION (formerly known as Polyphase
Corporation and to be known from and after the effective date of the Spin-Off as
TreeCon Resources, Inc.), a Nevada corporation ("TreeCon"), Overhill Ventures
and the Purchaser entered into that certain Securities Purchase Agreement dated
as of November 24, 1999, as amended by that certain Consent and First Amendment
to Securities Purchase Agreement dated as of August 23, 2000, and as further
amended by that certain Second Amendment to Securities Purchase Agreement dated
as of January 11, 2002, that certain Consent and Third Amendment dated as of
January 31, 2002, that certain Fourth Amendment dated as of June 28, 2002, and
that certain Fifth Amendment to Securities Purchase Agreement dated as of
September 11, 2002 (as so amended, the "Original Securities Purchase
Agreement").

     B.   In connection with the execution and delivery of the Original
Securities Purchase Agreement, the Company and Overhill Ventures executed and
delivered to Secured Party a Patent, Trademark and Copyright Security Agreement
dated as of November 24, 1999, as amended by a First Amendment dated as of
August 25, 2000 (as so amended, the "Original PTC Security Agreement").

     C.   The Company, the entities from time to time parties thereto as
Guarantors (including Overhill Ventures) and Secured Party are concurrently
entering into that certain Amended and Restated Securities Purchase Agreement
(as the same may be amended from time to time, the "Securities Purchase
Agreement") pursuant to which, among other things, (a) the parties thereto are
amending and restating the Original Securities Purchase Agreement, the Original
Note and the Original Warrant and (b) at the request of the

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Company, LLCP is consenting to the Spin-Off Related Matters, all on the terms
and subject to the conditions set forth therein.

     D.   The Company, Overhill Ventures, and their Subsidiaries are members of
a consolidated group of entities whose success is mutually interdependent, and
each of the Company, Overhill Ventures, and their Subsidiaries has derived, and
expects to continue to derive, substantial direct and indirect benefits from the
proceeds of the borrowings made available to the Company under the Note.

     E.   It is a condition precedent to Secured Party's agreement to consent to
the Spin-Off Related Matters that the Grantors amend and restate the Original
PTC Security Agreement as provided herein.

                                    AGREEMENT

     NOW THEREFORE, in consideration of the foregoing premises and the mutual
consents and agreements contained herein and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereby amend and restate the Original PTC Security Agreement as follows:

                                    ARTICLE I

                                   DEFINITIONS

     Section 1.1 Definitions of Terms Used in Securities Purchase Agreement. All
terms used but not otherwise defined herein shall have the respective meanings
herein ascribed to such terms in the Securities Purchase Agreement or the
Original PTC Security Agreement, as the case may be. The rules of construction
specified in Sections 1.2 through 1.6 of the Securities Purchase Agreement shall
likewise govern the construction of this Agreement.

     Section 1.2 Definitions of Certain Terms. As used herein, the following
terms shall have the respective meanings set forth below:

     "Books and Records" means, with respect to any Person, all books, records,
board minutes, contracts, licenses, insurance policies, environmental audits,
business plans, files, accounting books and records, financial statements
(actual and pro forma), and filings with Governmental Authorities.

     "Collateral" shall mean all right, title and interest of the Grantors in
and to all of the following, wherever located, however evidenced, whether now
owned or hereafter acquired or arising:

               (i)  Copyrights, including all registered Copyrights,
          registrations, recordings, supplemental registrations and pending
          applications, including those listed on Schedule III;

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               (ii)    Licenses, including those listed on Schedule IV;

               (iii)   Patents, including all granted Patents, recordings and
          pending applications, including those listed on Schedule I;

               (iv)    Trademarks, including all registered Trademarks,
          registrations, recordings, and pending applications, including those
          listed on Schedule II;

               (v)     General Intangibles;

               (vi)    All rights to sue for past, present or future
          infringement or unconsented use thereof, all rights arising therefrom
          and pertaining thereto and all reissues, extensions and renewals, in
          whole or in part, thereof;

               (vii)   Any indemnity, warranty or guaranty payable by reason of
          loss or damage to or otherwise with respect to the foregoing
          Collateral; and

               (viii)  All products and Proceeds (including insurance proceeds)
          of, and additions, improvements and accessions to, and books and
          records describing or used in connection with, any and all of the
          property described above.

     "Copyright Office" shall mean the United States Copyright Office.

     "Copyrights" shall mean all of the following now or hereafter owned: (i)
all copyright rights in any work of authorship subject to the copyright laws of
the United States or any other country, whether as author, assignee, transferee
or otherwise, and (ii) all registrations and applications for registration of
any such copyright in the United States or any other country, including
registrations, recordings, supplemental registrations and pending applications
for registration in the Copyright Office.

     "Copyright License" shall mean any written agreement, now or hereafter in
effect, granting any right to any third party under any Copyright now or
hereafter owned by the Grantors, or which any Grantor otherwise has the right to
license, or granting any right to any Grantor under any Copyright now or
hereafter owned by any third party, and all rights of each Grantor under any
such agreement.

     "General Intangibles" means all "general intangibles," as such term is
defined in the UCC, and all of the following whether or not "general
intangibles" as defined in the UCC: all customer lists, licenses, copyrights,
trademarks, patents, and all applications therefor and reissues, extensions, or
renewals thereof, rights in Patents, including registered Patents, Trademarks,
including registered Trademarks, and Copyrights, including registered
Copyrights, mask works, Licenses, permits, trade secrets, proprietary or
confidential information, inventions (whether or not patented or patentable),
the rights to make, use, modify, advertise and sell, and all other rights with
respect to, the inventions or innovations disclosed or claimed in any of the
foregoing, technical information, procedures, designs, knowledge, know-how,
software, data bases, data, skill, expertise, experience, processes,

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models, drawings, materials and records, franchises, Goodwill (including the
Goodwill associated with any Trademarks), all rights and claims in or under
insurance policies (including insurance for fire, damage, loss, and casualty,
whether covering personal property, real property, tangible rights or intangible
rights, all liability, life, key man, and business interruption insurance, and
all unearned premiums), choses in action, rights to receive tax refunds and
other payments, rights to receive dividends, distributions, cash, instruments,
and other property in respect of or exchange for pledged shares or other equity
interests, rights of indemnification, all Books and Records, correspondence,
credit files, invoices and other papers, including all tapes, cards, computer
runs, and other papers and documents in the possession or under the control of
any Person or any computer bureau or service company from time to time acting
for such Person.

     "Goodwill" means all goodwill, trade secrets, proprietary or confidential
information, technical information, procedures, formulae, quality control
standards, designs, operating and training manuals, customer lists, and
distribution agreements.

     "Joinder Agreement" means a joinder agreement, in substantially the form of
Exhibit A, pursuant to which each direct and indirect future Subsidiary of the
Grantors shall become a party to this Agreement.

     "License" shall mean any Patent License, Trademark License, Copyright
License or other license or sublicense as to which any Grantor is a party,
whether as a licensor or a licensee, granting the right to use or otherwise
exploit in any way any Intellectual Property.

     "Patent License" shall mean any written agreement, now or hereafter in
effect, granting to any third party any right to make, use or sell any invention
on which a Patent, now or hereafter owned by any Grantor or which any Grantor
otherwise has the right to license, is in existence, or granting to any Grantor
any right to practice any invention on which a Patent, nor or hereafter owned by
any third party, is in existence, and all rights of such Grantor under any such
agreement.

     "Patents" shall mean all of the following: (i) all letters patent of the
United States or any other country, all registrations and recordings thereof,
and all applications for letters patent of the United States or any other
country, including registrations, recordings and pending applications in the PTO
or any other country, and (ii) all reissues, continuation, divisions,
continuations-in-part, renewals or extensions thereof, and the inventions
disclosed or claimed therein, including the right to make, use and/or sell the
inventions disclosed or claimed therein.

     "Proceeds" means "proceeds," as such term is defined in the UCC, and all of
the following, whether or not "proceeds" as defined in the UCC: (a) any and all
proceeds of any insurance, indemnity, warranty, or guaranty payable to any
Grantor from time to time with respect to any Collateral; (b) any and all
payments or distributions (in any form whatsoever) made or due and payable to
any Grantor from time to time in connection with any requisition, confiscation,
condemnation, seizure, or forfeiture of any Collateral by any Governmental
Authority (or any Person acting under color of Governmental Authority); (c) any
claim of any Grantor against third parties for (and the right to sue and recover
for and

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the right to damages or profits due or accrued arising out of or in connection
with) (i) past, present or future infringement of any Patent now or hereafter
owned by the Grantors or licensed under a Patent License, (ii) past, present or
future infringement or dilution of any Trademark now or hereafter owned by any
Grantor or licensed under a Trademark License or injury to the goodwill
associated with or symbolized by any Trademark now or hereafter owned by the
Grantors, (iii) past, present or future breach of any License, (iv) past,
present or future infringement of any Copyright now or hereafter owned by any
Grantor or licensed under a Copyright License; (d) any amounts recovered by any
Grantor (net of legal fees and expenses incurred) against third parties with
respect to any litigation or dispute concerning any Collateral; and (e) any and
all other amounts or other assets or rights from time to time paid or payable
under or in connection with, or collected on, distributed on account of, or
arising from, any Collateral, upon sale, lease, license, exchange or other
disposition or otherwise.

     "PTO" shall mean the United States Patent and Trademark Office.

     "Secured Obligations" mean any and all Obligations to Purchaser, and all
covenants and duties regarding such amounts, of any kind or nature, present or
future, contingent or liquidated, whether or not evidenced by any note,
agreement or other instrument, the payment or performance of which is provided
for or arises now or hereafter under or in connection with the Securities
Purchase Agreement or any other Investment Document.

     "Senior Liens" shall mean the Liens granted to the Senior Lender pursuant
to the Senior Collateral Documents.

     "Trademark License" shall mean any written agreement, now or hereafter in
effect, granting to any third party any right to use any Trademark now or
hereafter owned by any Grantor, or which any Grantor otherwise has the right to
license, or granting to any Grantor any right to use any Trademark now or
hereafter owned by any third party, and all rights of any Grantor under any such
agreement.

     "Trademarks" shall mean all of the following now or hereafter owned: (i)
all trademarks, service marks, trade names, corporate names, company names,
business names, fictitious business names, trade styles, trade dress, logos,
other source of business identifiers, designs and general intangibles of like
nature, (but excluding each application to register any trademark, service mark
or other mark prior to the filing under applicable law of a verified statement
of use (or the equivalent) for such trademark or service mark), now existing or
hereafter adopted or acquired, all registrations and recordings thereof, and all
registration and recording applications filed in connection therewith, including
registrations and registration applications in the PTO, any State of the United
States or any other country or any political subdivision thereof, and all
extensions or renewals thereof, (ii) all goodwill associated therewith or
symbolized thereby, and (iii) all other assets, rights and interests that
uniquely reflect or embody such goodwill.

                                   ARTICLE II

                                SECURITY INTEREST

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     Section 2.1  Security Interest. As security for the prompt payment and
performance in full of the Secured Obligations, each Grantor hereby grants,
assigns and pledges to Secured Party and further affirms, ratifies and
acknowledges the continuing validity, enforceability, and perfection of, the
assignments, pledges and grants to Secured Party of, the continuing security
interest in, all of such Grantor's rights, title and interest in, to and under
the Collateral (the "Security Interest").

     Each Grantor agrees at all times to keep accurate and complete accounting
records with respect to the Collateral, including, but not limited to, a record
of all payments and Proceeds received.

     Section 2.2  Further Assurances.

                  (a)  Each Grantor agrees, at its expense, to promptly execute,
acknowledge, deliver and cause to be duly filed all such further instruments and
documents and take all such actions as Secured Party may from time to time
reasonably request to better assure, preserve and perfect, the Security Interest
and the rights and remedies hereunder, including the payment of any fees and
taxes required in connection with the execution and delivery of this Agreement,
the granting of the Security Interest created hereby, the filing or recording of
any UCC financing statements or other documents (including filings with the PTO
and the Copyright Office) in connection herewith, and the execution and delivery
of any document required to supplement this Agreement with respect to each
Patent, Trademark and Copyright applied for, acquired, registered (or for which
registration applications are filed) or issued after the date hereof. Subject to
the rights of the Senior Lender under the Intercreditor Agreement, if any amount
greater than $10,000, in the aggregate, payable under or in connection with any
of the Collateral shall be or become evidenced by any promissory note or other
instrument, such note or instrument shall be immediately pledged and delivered
to Secured Party, duly endorsed in a manner satisfactory to Secured Party. Each
Grantor agrees promptly to notify Secured Party of any change (i) in its
corporate name or structure, (ii) in its jurisdiction of organization, and (iii)
in its chief place of business. Each Grantor agrees promptly to notify Secured
Party if any material portion of the Collateral is canceled or overturned,
opposed, misappropriated, injured, infringed, lost (other than due to expiration
of any issued Patent), or, if applicable, diluted.

                  (b)  Secured Party is hereby authorized to file one or more
UCC financing statements, continuation statements, filings and recordings with
the PTO or Copyright Office, or other documents for the purpose of perfecting,
confirming, continuing, enforcing or protecting the Security Interest granted by
such Grantor hereunder, without the signature of such Grantor, where permitted
by Applicable Law, naming such Grantor as debtor and Secured Party as secured
party.

                  (c)  Each Grantor agrees that, if at any time after the date
hereof, such Grantor acquires, creates or otherwise obtains, directly or
indirectly, Stock of a new Subsidiary, such Subsidiary shall immediately execute
and deliver a Joinder Agreement, together with any other documents, instruments
or agreements necessary to join such Subsidiary as a party to this Agreement and
to cause such Subsidiary to assign, pledge and grant security interests in all
of its assets pursuant hereto. The Grantors agree to cause any

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such Subsidiary to take any actions that may be necessary or desirable to
perfect and ensure the continuing perfection and priority of such security
interests.

     Section 2.3    Inspection and Verification. Without limiting the scope of
Section 8.7 of the Securities Purchase Agreement, Secured Party and such
representatives as Secured Party may reasonably designate shall have the right
to inspect, at any reasonable time or times during the Grantors' usual business
hours, the records related to the Collateral owned by them (and to make extracts
and copies from such records); to discuss the Grantors' affairs with the
officers of the Grantors and their independent accountants; and to verify under
reasonable procedures the validity, amount, quality, quantity, value and status
of or any other matter relating to, such Collateral.

     Section 2.4    Taxes; Encumbrances. At its option, Secured Party, upon one
business day's notice to the Grantors, may discharge past due taxes,
assessments, charges, fees, liens, security interests or other encumbrances at
any time levied or placed on the Collateral and not permitted under the
Securities Purchase Agreement, the Security Agreement or this Agreement, and may
pay for the maintenance and preservation of the Collateral to the extent the
Grantors fail to do so as required by the Securities Purchase Agreement, the
Security Agreement or this Agreement, and the Grantors agree to reimburse
Secured Party on demand for any payment made or any expense incurred by Secured
Party pursuant to the foregoing authorization; provided, however, that nothing
in this Section 2.4 shall be interpreted as excusing the Grantors from the
performance of, or requiring Secured Party to cure or perform, any covenants or
other promises of the Grantors with respect to taxes, assessments, charges,
fees, liens, security interests or other encumbrances and maintenance as set
forth herein or in any other Investment Document.

     Section 2.5    Amendment of Schedules. Each Grantor hereby authorizes
Secured Party, with prompt notice thereof to the Grantors, to modify this
Agreement by amending Schedules I, II, III or IV or to add additional schedules
hereto to include any asset or item that may be Copyrights, Patents, Trademarks,
or any other type of Collateral, as the case may be, under this Agreement,
provided, however, that the Grantors shall have the right, exercisable within 10
days after it has been notified by Secured Party of the addition of such
Collateral to the applicable Schedule, to advise Secured Party in writing of
such Collateral's deviation from or failure to meet the representations and
warranties made by the Grantors hereunder. Each Grantor covenants and agrees
with Secured Party that such Grantor will use its best efforts to make such
representations and warranties true and correct with respect to such Collateral
within three (3) days after the date it has been notified by Secured Party of
the addition of such Collateral to a Schedule.

     Section 2.6    Security Agreement. Each Grantor and Secured Party
acknowledge and agree that, contemporaneously with the execution and delivery of
this Agreement, they are executing and delivering the Security Agreement,
pursuant to which such Grantor unconditionally grants to Secured Party, a
continuing security interest in substantially all property, assets, rights and
interests of the Grantors (including the Collateral). This Agreement is
supplemental to the Security Agreement, and all rights and interests of Secured
Party in and to the Collateral thereunder, are hereby ratified, confirmed and
approved.

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                                  ARTICLE III

                         REPRESENTATIONS AND WARRANTIES

     Each Grantor hereby represents and warrants to Secured Party that:

     Section 3.1    Validity of Patents, Trademarks and Copyrights. Each of the
Patents, Trademarks and Copyrights is subsisting (other than those Patents and
Trademarks indicated as "abandoned" on Schedules I and II, respectively, as of
the date hereof) and has not been adjudged invalid or unenforceable, in whole or
in part.

     Section 3.2    Title and Authority. Such Grantor has rights in and good
title to the Collateral shown on the schedules hereto as being owned by it and
has full power and authority to grant to Secured Party the Security Interest in
such Collateral pursuant hereto and to execute, deliver and perform its Secured
Obligations in accordance with the terms of this Agreement, without the consent
or approval of any other Person, other than any consent or approval which has
been obtained.

     Section 3.3    Filings.

                    (a)  UCC financing statements containing a description of
the Collateral have been filed of record in every governmental, municipal or
other office in every jurisdiction located within the United States and its
respective territories and possessions necessary to publish notice of and
protect the validity of and to establish a valid and perfected security interest
in favor of Secured Party in respect of the Collateral in which a security
interest in favor of Secured Party in respect of the Collateral in which a
security interest may be perfected by filing a financing statement in the United
States and its political subdivisions, territories and possessions pursuant to
the UCC or other applicable law in such jurisdictions, and no further or
subsequent filing, re-filing, recording, re-recording, registration or
re-registration is necessary in any such jurisdiction, except as provided under
applicable law with respect to the filing of continuation statements.

                    (b)  The Grantors shall ensure and hereby warrant that fully
executed security agreements in the form hereof and containing a description of
the Collateral shall have been received and recorded within three months after
the execution of this Agreement with respect to PTO registered Trademarks (and
Trademarks for which United States registration applications are pending) and
within one month after the execution of this Agreement with respect to United
States registered Copyrights by the PTO and the Copyright Office pursuant to 35
U.S.C. (S) 261, 15 U.S.C. (S) 1060 or 17 U.S.C. (S) 205 and the regulations
thereunder, as applicable, to protect the validity of and to perfect a valid
security interest in favor of Secured Party in respect of the Collateral in
which a security interest may be perfected by filing in the United States and
its political subdivisions, territories and possessions pursuant to applicable
federal law, and no further or subsequent filing, re-filing, recording,
re-recording, registration or re-registration is necessary (other than such
actions as are necessary to perfect Secured Party's security interest with
respect to any Collateral or registrations or application for registration
thereof).

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     Section 3.4    Validity of Security Interests. The Security Interest
constitutes (i) a valid and perfected security interest in all the Collateral in
which a security interest may be perfected by filing a financing statement in
the United States and its political subdivisions, territories and possessions
pursuant to the UCC or other applicable law in such jurisdictions, and (ii) a
valid security interest that shall be perfected upon the receipt and recording
of this Agreement with the PTO and the Copyright Office, as applicable, within
the three month period (commencing as of the date hereof) pursuant to 35 U.S.C.
(S) 261 or 15 U.S.C. (S) 1060 or the one month period (commencing as of the date
hereof) pursuant to 17 U.S.C. (S) 205, in each case subject in priority only to
the Senior Liens and to Permitted Liens to the extent entitled to priority by
Applicable Law.

     Section 3.5    Absence of Other Liens. The Collateral is owned by the
Grantors free and clear of any Lien of any nature, other than the Senior Liens
and other Permitted Liens. Except for the Senior Liens and other Permitted
Liens, no Grantor has filed (i) any financing statement or other document under
the UCC or other applicable state law covering any Collateral, (ii) any
assignment in which it assigns the Collateral, or any security agreement or
similar instrument covering any Collateral, with the PTO or the Copyright
Office, and (iii) any assignment in which it assigns the Collateral, or any
security agreement or similar instrument covering any Collateral, with any
foreign governmental, municipal or other office.

                                   ARTICLE IV

                                    COVENANTS

     Section 4.1    Covenants Regarding Patent, Trademark and Copyright
Collateral.

                    (a)  Each Grantor (either itself or through licensees) will,
for each Patent, not do any act, or omit to do any act, whereby any Patent which
is material to the conduct of such Grantor's business may become invalidated or
dedicated to the public, and shall continue to mark any products covered by a
Patent with the relevant patent number as necessary and sufficient to establish
and preserve its maximum rights under applicable patent laws.

                    (b)  Each Grantor (either itself or through its licensees or
its sub-licensees) will, for each Trademark material to the conduct of such
Grantor's business, (i) maintain such Trademark in full force free from any
claim of abandonment or invalidity for non-use, (ii) maintain the quality of
products and services offered under such Trademark, (iii) display such Trademark
with notice of federal or foreign registration to the extent necessary and
sufficient to establish and preserve its maximum rights under applicable law and
(iv) not knowingly use or knowingly permit the use of such Trademark in
violation of any third party rights.

                    (c)  Each Grantor (either itself or through licensees) will,
for each work covered by a material Copyright, continue to publish, reproduce,
display, adopt and distribute the work with appropriate copyright notice as
necessary and sufficient to establish and preserve its maximum rights under
applicable patent laws.

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                    (d)  Each Grantor shall notify Secured Party immediately if
it knows or has reason to know that any Patent, Trademark or Copyright material
to the conduct of its business may become abandoned, lost or dedicated to the
public, or of any adverse determination or development (including the
institution of, or any such determination or development in, any proceeding in
the PTO, Copyright Office or any court) regarding such Grantor's ownership of
any Patent, Trademark or Copyright, its rights to register the same, or to keep
and maintain the same.

                    (e)  In no event shall any Grantor, either itself or through
any agent, employee, licensee or designee, file an application for any Patent,
Trademark or Copyright (or the registration of any Trademark or Copyright) with
the PTO, Copyright Office or any office or agency in any political subdivision
of the United States or in any other country or any political subdivision
thereof, unless it promptly informs Secured Party, and, upon request of Secured
Party, executes and delivers any and all agreements, instruments, documents and
papers as Secured Party may request to evidence Secured Party's security
interest in such Patent, Trademark or Copyright of such Grantor relating thereto
or represented thereby, and each Grantor hereby appoints Secured Party its
attorney-in-fact to execute and file such writings for the foregoing purposes,
all acts of such attorney in furtherance thereof being hereby ratified and
confirmed; such power, being coupled with an interest, is irrevocable until the
Secured Obligations are paid in full.

                    (f)  Each Grantor will take all necessary steps that are
consistent with the practice in any proceeding before the PTO, Copyright Office
or any office or agency in any political subdivision thereof, to maintain and
pursue each material application relating to the Patents, Trademarks and/or
Copyrights (and to obtain the relevant grant or registration) and to maintain
each issued Patent and each registration of the Trademarks and Copyrights which
is material to the conduct of such Grantor's business, including timely filings
of applications for renewal, affidavits of use, affidavits of incontestability
and payment of maintenance fees, and, if consistent with good business judgment,
to initiate opposition, interference and cancellation proceedings against third
parties.

                    (g)  In the event that any Collateral consisting of a
Patent, Trademark or Copyright material to the conduct of any Grantor's business
is believed infringed, misappropriated or diluted by a third party, the Grantors
promptly shall notify Secured Party after they learn thereof and shall, if
consistent with good business judgement, promptly sue for infringement,
misappropriation, or dilution and to recover any and all damages for such
infringement, misappropriation or dilution, and take such other actions as are
appropriate under the circumstances to protect such Collateral.

     Section 4.2    Protection of Collateral. Each Grantor shall, at its own
cost and expense, take any and all reasonable actions necessary to defend title
to the Collateral against all persons, to properly maintain, protect and
preserve the Collateral and enforce the Grantor's rights therein, and to defend
the Security Interest of Secured Party in the Collateral against any Lien.

     Section 4.3    Continuing Secured Obligations of the Grantors. Each Grantor
shall observe and perform all the conditions and obligations to be observed and
performed by it

                                      -10-

<PAGE>

under each License, and under each contract, agreement, interest or obligation
relating to the Collateral, all in accordance with the terms and conditions
thereof, material to the conduct of its business or where the failure to comply
could reasonably be expected to have a Material Adverse Effect on the business,
operations, financial condition or prospects of the Grantors, and shall
indemnify and hold harmless Secured Party, from any and all liabilities arising
from the failure of the Grantors to observe and perform all the conditions and
obligations to be observed and performed by it under each License and under each
contract, agreement, interest or obligation relating to the Collateral. Without
limiting the foregoing, Secured Party shall have no obligation or liability
under any License by reason of or arising out of this Agreement or the granting
or the assignment to Secured Party of the Security Interest or the receipt by
Secured Party of any payment related to any License pursuant hereto, nor shall
Secured Party be required or obligated in any manner to perform or fulfill any
of the obligations of the Grantors under or pursuant to any License, or to make
any payment, or to make any inquiry as to the nature or the sufficiency of any
payment received by it or the sufficiency of any performance by any party under
any License, or to present or file any claim, or to take any action to collect
or enforce any performance of the payment of any amounts which may have been
assigned to it or to which it may be entitled at any time or times.

     Section 4.4    Use and Disposition of Collateral. No Grantor shall make or
permit to be made any assignment for security, pledge or hypothecation of the
Collateral owned by it, or grant any other security interest in such Collateral.
No Grantor shall make or permit to be made any transfer of the Collateral owned
by it, and the Grantors shall remain at all times in possession thereof other
than transfers to Secured Party pursuant to the provisions thereof or of the
Security Agreement, except that so long as no Event of Default shall have
occurred and be continuing, the Grantors may use or license the Collateral owned
by them in any lawful manner that is in the ordinary course of its business and
is not inconsistent with the provisions of this Agreement, the Security
Agreement, and of the Securities Purchase Agreement.

     Section 4.5    Locations of Collateral; Place of Business.

                    (a)  Each Grantor agrees, at such time or times as Secured
Party may reasonably request, promptly to prepare and deliver to Secured Party a
duly certified schedule or schedules in form satisfactory to Secured Party,
showing the identity, amount and location (to the extent practicable) of any and
all Collateral.

                    (b)  Each Grantor agrees not to change, or permit to be
changed, the location of its chief executive office, the name or names used to
identify it in its business or in the ownership of its properties, its
organization structure, or its jurisdiction of organization unless all filings
under the UCC which are required to be made with respect to the Collateral have
been made in order to give Secured Party a valid and perfected first priority
security interest in the Collateral and prior notice thereof has been given to
Secured Party along with copies of all such filings to be made.

                                      -11-

<PAGE>

     Section 4.6    Future Rights.

                    (a)  If, before all Secured Obligations shall have been paid
in full, any Grantor shall obtain rights to any asset which may be considered
Collateral, or any new Subsidiary of Company or Overhill Ventures becomes a
party hereto as required by the Securities Purchase Agreement, and such new
Subsidiary has or acquires assets which may be considered Collateral, the
provisions of Section 2.1 shall automatically apply thereto and the Grantors
shall give to Secured Party prompt notice thereof in writing.

                    (b)  With respect to any such material asset which may be
considered Collateral as set forth in paragraph (a) above, the Grantors shall
follow the procedures set forth in Section 3.3, as applicable, to ensure that
Secured Party's security interest therein is enforceable, perfected, and
entitled to the priority contemplated by this Agreement.

     Section 4.7    Assignment of Licenses. Upon and during the continuance of
an Event of Default, each Grantor shall use its best efforts to obtain all
requisite consents or approvals by the licensor of each Copyright License,
Patent License or Trademark License to effect the assignment of all of such
Grantor's rights, title and interest thereunder to Secured Party or its
designee.

     Section 4.8    Liabilities and Indemnification.

                    (a)  Notwithstanding anything to the contrary provided
herein, Secured Party assumes no liabilities with respect to any claims
regarding any Grantor's ownership (or purported ownership) of, or rights or
Secured Obligations (or purported rights or Secured Obligations) arising from,
the Collateral or any use (or actual or alleged misuse), license or sublicense
thereof by any Grantor or any licensee of any Grantor, whether arising out of
any past, current or future event, circumstance, act or omission or otherwise,
or any claim, suit, loss, damage, expense or liability of any kind or nature
arising out of or in connection with the Collateral or the production,
marketing, delivery, sale or provision of goods or services under or in
connection with any of the Collateral. All of such liabilities shall be borne
exclusively by the Grantors.

                    (b)  The Grantors shall, jointly and severally, indemnify
and hold harmless Secured Party from and against, and on demand shall pay to
Secured Party the amount of, any and all claims, actions, suits, judgments,
penalties, losses, damages, costs, disbursements, expenses, obligations or
liabilities of any kind or nature (except those directly caused by Secured
Party's gross negligence or intentional misconduct) specified in Section 4.3 and
Section 4.8(a), or arising in any way out of or in connection with this
Agreement, the Collateral, custody, preservation, use or operation of the
Collateral, any actual or alleged infringement or misappropriation of the rights
or property of any third party, the production, marketing, delivery, sale and
provision of goods or services under or in connection with the Collateral, the
sale, transfer or other disposition of or collection from or other realization
upon any of the Collateral, the exercise or enforcement by Secured Party of any
right or remedy granted to it hereunder, any action taken or omitted to be taken
by

                                      -12-

<PAGE>

Secured Party hereunder, the failure of any Grantor to perform or observe any of
the provisions hereof, or matters relating to any of the foregoing.

                                    ARTICLE V

                                    REMEDIES

     Section 5.1 COLLECTIONS. Upon the occurrence and during the continuance of
any Event of Default, subject to the rights of the Senior Lender under the
Intercreditor Agreement, Secured Party shall have the right, as the true and
lawful agent of any one or more of the Grantors, with power of substitution for
such Grantor and in such Grantor's name, Secured Party's name or otherwise, for
the use and benefit of Secured Party (a) upon notice from Secured Party, to
receive, endorse, assign and/or deliver any and all notes, acceptances, checks,
drafts, money orders or other evidences of payment relating to the Collateral or
any part thereof; (b) to demand, collect, receive payment of, give receipt for
and give discharges and releases of all or any of the Collateral; (c) to sign
the name of such Grantor on any invoice relating to any of the Collateral; (d)
to commence and prosecute any and all suits, actions or proceedings at law or in
equity in any court of competent jurisdiction to collect or otherwise realize on
all or any of the Collateral or to enforce any rights in respect of any
Collateral; (e) to settle, compromise, compound, adjust or defend any actions,
suits or proceedings relating to or pertaining to all or any of the Collateral;
(f) to license or, to the extent permitted by any applicable law, sublicense,
whether general, special or otherwise, and whether on an exclusive or
non-exclusive basis, any of the Collateral, throughout the world for such term
or terms, on such conditions, and in such manner, as Secured Party shall
determine (other than in violation of any then existing licensing arrangements
to the extent that waivers or other adequate provision cannot be secured
therefor); and (g) generally to use, sell, assign, transfer, pledge, make any
agreement with respect to or otherwise deal with all or any of the Collateral,
and to do all other acts and things necessary to carry out the purposes of this
Agreement, as fully and completely as though Secured Party were the absolute
owner of the Collateral for all purposes; provided, however, that except as
provided for by law or the UCC or its equivalent in other jurisdictions, nothing
herein contained shall be construed as requiring or obligating Secured Party to
make any commitment or to make any inquiry as to the nature or sufficiency of
any payment received by Secured Party, or to present or file any claim or
notice, or to take any action with respect to the Collateral or any part thereof
or the moneys due or to become due in respect thereof or any property covered
thereby, and no action taken by Secured Party or omitted to be taken with
respect to the Collateral or any part thereof shall give rise to any defense,
counterclaim or offset in favor of the Grantors or to any claim or action
against Secured Party. It is understood and agreed that the appointment of
Secured Party as the attorney-in-fact of the affected Grantor for the purposes
set forth above in this Section 5.1 is coupled with an interest and is
irrevocable. The provisions of this Section 5.1 shall in no event relieve any
Grantor of any of its Secured Obligations hereunder or under the Securities
Purchase Agreement or any other Investment Document with respect to the
Collateral or any part thereof or impose any Secured Obligation on Secured Party
or the Lenders to proceed in any particular manner with respect to the
Collateral or any part thereof, or in any way limit the exercise by Secured
Party of any other or further right which it may have on the date of

                                      -13-

<PAGE>

this Agreement or hereafter, whether hereunder or by law or by the Security
Agreement, or otherwise.

     Section 5.2 Other Remedies Upon Default. Upon the occurrence and during the
continuance of an Event of Default, each Grantor expressly agrees that, subject
to the rights of the Senior Lender under the Intercreditor Agreement, (i)
Secured Party on demand shall have the right at the same or different times,
with or without legal process and with or without previous notice or demand for
performance, to take possession of all tangible manifestations or embodiments of
the Collateral and documentation relocating therefore all business records,
documents, files, prints and labels with respect to the Collateral, and without
liability for trespass to enter any premises where such tangible manifestations
or embodiments, business records, documents, files, prints and labels with
respect to the Collateral may be located for the purpose of taking possession of
or removing such tangible manifestations or embodiments, business records,
documents, files, prints and labels with respect to the Collateral, and (ii)
generally, Secured Party shall have the right to exercise any and all rights
afforded to a secured party under the UCC or other law applicable to any part of
the Collateral. Subject to and without limiting the generality of the foregoing,
the Grantors agree that Secured Party shall have the immediate right, with or
without legal process and with or without previous notice or demand for
performance, all of which are hereby expressly waived, subject to the mandatory
requirements of current law, to sell or otherwise dispose of all or any part of
the Collateral, at public or private sale or at any broker's board or on any
securities exchange, for cash, upon credit or for future delivery as Secured
Party shall deem appropriate. Secured Party shall be authorized at any such sale
(if it deems it advisable to do so) to restrict the prospective bidders or
purchasers to persons who will represent and agree that they are purchasing the
Collateral for their own account for investment and not with a view to the
distribution or sale thereof where the failure to obtain such a representation
and agreement could result in a violation of any applicable Federal or state
securities laws, and upon consummation of any such sale Secured Party shall have
the right to assign, transfer and deliver to the purchaser or purchasers thereof
the Collateral so sold. Each such purchaser at any such sale shall hold the
property sold absolutely, free from any claim or right on the part of the
Grantors, and each Grantor hereby waives (to the extent permitted by law) all
rights of redemption, stay and appraisal which such Grantor now has or may at
any time in the future have under any rule of law or statute now existing or
hereafter enacted.

     Secured Party shall give the Grantors at least 10 days written notice of
Secured Party's intention to make any sale of Collateral. Such notice shall
comply with the requirements of UCC Section 9613, as applicable, and other
Applicable Law. Any such public sale shall be held at such time or times within
ordinary business hours and at such place or places as Secured Party may fix and
state in the notice (if any) of such sale. At any such sale, the Collateral, or
portion thereof, to be sold may be sold in one lot as an entirety or in separate
parcels, as Secured Party may (in its sole and absolute discretion) determine.
Secured Party shall not be obligated to make any sale of any Collateral if it
shall determine not to do so, regardless of the fact that notice of sale of such
Collateral shall have been given. Secured Party may, without notice or
publication, adjourn any public or private sale or cause the same to be
adjourned from time to time by announcement at the time and place fixed for
sale, and such sale may, without further notice, be made at the time and place
to

                                      -14-

<PAGE>

which the same was so adjourned. In case any sale of all or any part of the
Collateral is made on credit or for future delivery, the Collateral so sold may
be retained by Secured Party until the sale price is paid by the purchaser or
purchasers thereof, but Secured Party shall not incur any liability in case any
such purchaser or purchasers shall fail to take up and pay for the Collateral so
sold and, in case of any such failure, such Collateral may be sold again upon
like notice to the Grantors. At any public sale made pursuant to this Section
5.2, Secured Party may bid for or purchase, free from any right of redemption,
stay, valuation or appraisal on the part of the Grantors (all said rights being
also hereby waived and released to the extent permitted by law), the Collateral
or any part thereof offered for sale and may make payment on account thereof by
using any claim then due and payable to Secured Party from the Grantors as a
credit against the purchase price, and Secured Party may, upon compliance with
the terms of sale, hold, retain and dispose of such property without further
accountability to the Grantors therefor. For purposes hereof, a written
agreement to purchase the Collateral or any portion thereof shall be treated as
a sale thereof; Secured Party shall be free to carry out such sale pursuant to
such agreement, and the Grantors shall not be entitled to the return of the
Collateral or any portion thereof subject thereto, notwithstanding the fact that
after Secured Party shall have entered into such an agreement all Events of
Default shall have been remedied and the Secured Obligations paid in full. As an
alternative to exercising the power of sale herein conferred upon it, Secured
Party may proceed by a suit or suits at law or in equity to foreclose this
Agreement and to sell the Collateral or any portion thereof pursuant to a
judgment or decree of a court or courts having competent jurisdiction or
pursuant to a proceeding by a court appointed receiver.

     Section 5.3  Application of Proceeds. Subject to the rights of the Senior
Lender under the Intercreditor Agreement, Secured Party shall apply the proceeds
of any collection or sale of Collateral, as well as any Collateral consisting of
cash, as follows:

                  FIRST, to the payment of all costs and expenses incurred by
     Secured Party in connection with such collection or sale or otherwise in
     connection with this Agreement or any of the Secured Obligations,
     including, but not limited to, all court costs and the reasonable fees and
     expenses of its agents and legal counsel, the repayment of all advances
     made hereunder by Secured Party on behalf of the Grantors and any other
     reasonable costs or expenses incurred in connection with the exercise of
     any right or remedy hereunder.

                  SECOND, to the payment in full of the Secured Obligations (the
     amounts so applied to be distributed among the holders of the Secured
     Obligations pro rata in accordance with the amounts of the Secured
     Obligations held by them on the date of any such distribution); and

                  THIRD, unless otherwise required by UCC Sections 9608 and 9615
     or other Applicable Law, to the Grantors, their successors or assigns, or
     as a court of competent jurisdiction may otherwise direct.

     Secured Party shall have absolute discretion as to the time of application
of any such proceeds, moneys or balances in accordance with this Agreement. Upon
any sale of the Collateral by Secured Party (including a sale pursuant to a
power of sale granted by statute

                                      -15-

<PAGE>

or under a judicial proceeding), the receipt of Secured Party or of the officer
making the sale shall be a sufficient discharge to the purchaser or purchasers
of the Collateral so sold and such purchaser or purchasers shall not be
obligated to see to the application of any part of the purchase money paid over
to Secured Party or such officer or be answerable in any way for the
misapplication thereof. All payments received by any Grantor under or in
connection with any Collateral shall be received in trust for the benefit of
Secured Party, shall be segregated from other funds of any Grantor (if such
segregation is not permitted by the Senior Lender, the Grantor shall take such
steps as are reasonably satisfactory to Secured Party) and shall be forthwith
paid over to Secured Party in the same form as so received (with any necessary
indorsement).

     Section 5.4 Royalty-free Grant of License to Use Patent, Trademark and
Copyright Collateral. For the purpose of enabling Secured Party to exercise
rights and remedies under Article V at such time as Secured Party shall be
lawfully entitled to exercise such rights and remedies, each Grantor hereby
grants to Secured Party an irrevocable, non-exclusive license (exercisable
without payment of royalty or other compensation to such Grantor) to use,
license or sub-license any of the Collateral now owned or hereafter acquired by
such Grantor, and wherever the same may be located, and including in such
license reasonable access to all media in which any of the licensed items may be
recorded or stored and to all computer software and programs used for the
compilation or printout thereof. The use of such license by Secured Party shall
be exercised, at the option of Secured Party, upon the occurrence and the
continuation of an Event of Default; provided that any license, sub-license or
other transaction entered into by Secured Party in accordance herewith shall be
binding upon Grantor notwithstanding any subsequent cure of an Event of Default.
Secured Party agrees to apply the net proceeds received from any license as
provided in Section 5.3.

                                   ARTICLE VI

                                  MISCELLANEOUS

     Section 6.1 Secured Party Appointed Attorney-in-Fact. Except as otherwise
provided herein, such Grantor hereby appoints Secured Party the attorney-in-fact
of such Grantor, effective upon the occurrence and during the continuance of an
Event of Default, for the purposes of carrying out the provisions of this
Agreement, taking any action and executing any instrument which Secured Party
may deem necessary or advisable to accomplish the purposes hereof and doing all
other acts which such Grantor is obligated to do hereunder, such appointment is
in each case irrevocable and coupled with an interest. Each Grantor hereby
ratifies all that such attorney shall lawfully do or cause to be done by virtue
hereof.

     Section 6.2 Secured Party's Fees and Expenses. The Grantors agree jointly
and severally to pay upon demand to Secured Party the amount of any and all
reasonable expenses, including the reasonable expenses of its counsel and of any
experts or agents, which Secured Party may incur in connection with (i) the
administration of this Agreement, (ii) the custody or preservation of, or the
sale of, collection from, or other realization upon, any of the Collateral,
(iii) the exercise or enforcement of any of the rights of Secured Party
hereunder, or (iv) the failure by the Grantors to perform or observe any of the
provisions

                                      -16-

<PAGE>

hereof. Any such amounts payable as provided hereunder or thereunder shall be
additional Secured Obligations secured hereby and under the other Collateral
Documents and shall be payable upon written demand and bear applicable interest
at the interest rate set forth in the Note.

     Section 6.3 Notices. Notices and other communications provided for herein
shall be in writing and shall be delivered by hand or overnight courier service,
mailed or sent telex, by graphic scanning or other telegraphic communications
equipment of the sending party, as set forth in Section 12.7 of the Securities
Purchase Agreement.

     Section 6.4 Successors and Assigns.

                 (a)  Whenever in this Agreement any of the parties is referred
to, such reference shall be deemed to include the successors and assigns of such
party; and all covenants, promises and agreements by or on behalf of the
Grantors or Secured Party or that are contained in this Agreement shall bind and
inure to the benefit of their respective successors and assigns.

                 (b)  No Grantor shall assign or delegate any of its rights and
duties hereunder.

                 (c)  The covenants, promises and agreements by the Grantors
shall inure to the benefit of Secured Party and each assignee of Secured Party.

     Section 6.5 Waivers; Amendment. No failure or delay of Secured Party in
exercising any power or right hereunder shall operate as a waiver thereof, nor
shall any single or partial exercise of any such right or power, or any
abandonment or discontinuance of steps to enforce such a right or power,
preclude any other right or power. The rights and remedies of Secured Party
hereunder are cumulative and not exclusive of any rights or remedies which it
would otherwise have. No amendment or waiver of any provision of this Agreement
or consent to any departure by any Grantor therefrom shall in any event be
effective unless the same shall be in writing and signed by Secured Party, and
then such waiver or consent shall be effective only in the specific instance and
for the purpose for which given; provided, however, that a Joinder Agreement may
amend this Agreement by adding an additional Grantor hereunder without Secured
Party's signature. No notice to or demand on any Grantor in any case shall
entitle any Grantor to any other or further notice or demand in similar or other
circumstances.

     Section 6.6 Entire Agreement. This Agreement represents the final agreement
between the parties with respect to the matters set forth herein and supersedes
any prior oral or written, or any contemporaneous oral, agreements or
understandings of the parties. There are no unwritten oral agreements among the
parties. Nothing in this Agreement or in the other Investment Document,
expressed or implied, is intended to confer upon any party other than the
parties hereto or thereto any rights, remedies, Secured Obligations or
liabilities under or by reason of this Agreement or the other Investment
Documents.

     Section 6.7 Survival of Agreement. All covenants, agreements,
representations and warranties made by the Grantors herein and in the
certificates or other instruments

                                      -17-

<PAGE>

prepared or delivered in connection with or pursuant to this Agreement shall be
considered to have been relied upon Secured Party and shall survive the
execution and delivery to Secured Party of the Notes pursuant to the Securities
Purchase Agreement, regardless of any investigation made by Secured Party, and
shall continue in full force and effect as long as any Secured Obligation is
outstanding and unpaid.

     Section 6.8  Continuing Security Interest; Termination. This Agreement
shall create a continuing security interest in and to all of the Collateral, and
the security interest shall survive until, and this Agreement shall remain in
full force and effect and terminate only upon, the indefeasible payment
(including payment in full in cash in immediately available funds in the case of
Secured Obligations consisting of payment obligations) and performance in full
of any and all Secured Obligations and the expiration or earlier termination of
all obligations of the Secured Party under this Agreement and the other
Investment Documents.

     Section 6.9  Severability. In the event any one or more of the provisions
contained in this Agreement should be held invalid, illegal or unenforceable in
any respect, in any jurisdiction, the validity, legality and enforceability of
the remaining provisions contained herein, and the validity, legality and
enforceability of such provision(s) in all other jurisdictions shall not in any
way be affected or impaired thereby. The parties shall endeavor in good faith
negotiations to replace the invalid, illegal or unenforceable provisions with
valid provisions the economic effect of which comes as close as possible to that
of the invalid, illegal or unenforceable provisions.

     Section 6.10 No Interpretation Against Drafter. This Agreement has been
entered into between persons sophisticated and knowledgeable in business
matters. Accordingly, any rule of law or legal decision that would require
interpretation of this Agreement against the party that has drafted it is not
applicable and is irrevocably and unconditionally waived. The provisions of this
Agreement shall be interpreted in a reasonable manner to effect the purposes of
the parties and this Agreement.

     Section 6.11 Counterparts. This Agreement may be executed in two or more
counterparts and by facsimile, each of which shall constitute an original but
all of which when taken together shall constitute but one contract.

     Section 6.12 Reinstatement. The provisions of this Agreement shall remain
in full force and effect and continue to be effective even if: (a) any petition
is filed by or against any Grantor or any Subsidiary of any Grantor for
liquidation or reorganization; (b) any Grantor or any Subsidiary of any Grantor
becomes insolvent or makes an assignment for the benefit of creditors; (c) a
receiver or trustee is appointed for all or any significant part of the assets
of any Grantor or any Subsidiary of any Grantor; or (d) at any time payment and
performance of the Secured Obligations, or any part thereof, is, pursuant to
Applicable Law, rescinded or reduced in amount or must otherwise be restored or
returned by any obligee of the Secured Obligations, whether as a "voidable
preference," "fraudulent transfer," or otherwise, all as though such payment or
performance had not been made. In the event that any payment or any part thereof
is rescinded, reduced, restored, or returned, the Secured

                                      -18-

<PAGE>

Obligations and Secured Party's Liens in the Collateral shall be reinstated and
deemed reduced only by any amount paid and not so rescinded, reduced, restored,
or returned.

     Section 6.13   Definitions. Unless the context indicates otherwise or the
terms are otherwise defined herein, definitions in the UCC apply to words and
phrases in this Agreement. Each of the terms "Company," "Overhill Ventures," and
"Grantors" includes such Person, such Person's heirs, successors and assigns,
such Person as a debtor-in-possession, and any receiver, trustee, liquidator,
conservator, custodian, or similar party appointed for such Person or all or
substantially all of its assets under any Applicable Law.

     Section 6.14   Governing Law. THIS AGREEMENT AND THE OBLIGATIONS OF THE
GRANTORS HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF CALIFORNIA (WITHOUT REFERENCE TO CONFLICT OF LAWS), EXCEPT
TO THE EXTENT THAT THE VALIDITY OR PERFECTION OF THE SECURITY INTEREST
HEREUNDER, OR REMEDIES HEREUNDER, IN RESPECT OF ANY PARTICULAR COLLATERAL ARE
GOVERNED BY THE LAWS OF A JURISDICTION OTHER THAN CALIFORNIA, IN WHICH EVENT
SUCH MATTER SHALL BE GOVERNED BY THE LAWS OF SUCH OTHER JURISDICTION.

     Section 6.15   Secured Party's Right to Use Agents. Secured Party may
exercise its rights under this Agreement through an agent or other designee.

     Section 6.16   No Interference, Compensation or Expense. Secured Party may
exercise its rights under this Agreement (a) without resistance or interference
by any Grantor except to the extent such Grantor has valid defenses, and (b)
without payment of any rent, license fee or compensation of any kind to any
Grantor.

     Section 6.17   Waivers. Each Grantor waives (a) any claim that, as to any
part of the Collateral, a public sale, should Secured Party elect so to proceed,
is, in and of itself, not a commercially reasonable method of sale for such
Collateral, (b) except as otherwise provided in this Agreement, TO THE EXTENT
PERMITTED BY APPLICABLE LAW, NOTICE OR JUDICIAL HEARING IN CONNECTION WITH
SECURED PARTY'S DISPOSITION OF ANY OF THE COLLATERAL INCLUDING ANY AND ALL PRIOR
NOTICE AND HEARING FOR ANY PREJUDGMENT REMEDY OR REMEDIES AND ANY SUCH RIGHT
THAT COMPANY WOULD OTHERWISE HAVE UNDER THE CONSTITUTION OR ANY STATUTE OF THE
UNITED STATES OR OF ANY STATE, AND ALL OTHER REQUIREMENTS AS TO THE TIME, PLACE
AND TERMS OF SALE OR OTHER REQUIREMENTS WITH RESPECT TO THE ENFORCEMENT OF
SECURED PARTY'S RIGHTS HEREUNDER, and (c) all rights of redemption, appraisal or
valuation. To the maximum extent permitted by Applicable Law, each Grantor waive
all claims, damages, and demands against Secured Party, its Affiliates, agents,
and the officers and employees of any of them arising out of the repossession,
retention, or sale of any Collateral except such as are determined in a final
judgment by a court of competent jurisdiction to have arisen solely out of the
gross negligence or willful misconduct of any such Person. Each Grantor agrees
that ten days' prior notice by Secured Party to the Grantors of the time and
place of any public

                                      -19-

<PAGE>

sale or of the time after which a private sale may take place is reasonable
notification of such matters.

     Section 6.18   Other Parties and Other Collateral. Secured Party need not
file suit or assert a claim for personal judgment against any Person for any
part of the Secured Obligations or seek to realize upon any other security for
the Secured Obligations, before foreclosing upon the Collateral for the purpose
of paying the Secured Obligations.

     Section 6.19   Amendment and Restatement. Effective on and as of the
Effective Date, this Agreement shall supersede the Original PTC Security
Agreement insofar as they are inconsistent with this Agreement. However, the
execution and delivery of this Agreement shall not excuse, or constitute a
waiver of, any Defaults or Events of Default under the Original PTC Security
Agreement, it being understood that this Agreement is not a termination of the
Original PTC Security Agreement but is a modification (and, as modified, a
continuation) thereof. The Grantors acknowledge and agree that the Original PTC
Security Agreement, as amended and restated hereby, is affirmed in all respects
and that the first priority liens and security interests granted thereunder are
continued hereby and under the Security Agreement and the Company Pledge
Agreement.

     Section 6.20   Waiver of Jury Trial. THE PARTIES EACH KNOWINGLY,
INTENTIONALLY AND VOLUNTARILY, WITH AND UPON THE ADVICE OF COMPETENT COUNSEL,
WAIVES AND FOREVER FORGOES THE RIGHT TO A TRIAL BY JURY IN ANY ACTION, SUIT OR
OTHER PROCEEDING BASED UPON, ARISING OUT OF OR IN ANY WAY RELATING TO (a) THIS
AGREEMENT, THE SECURITIES PURCHASE AGREEMENT, ANY OTHER INVESTMENT DOCUMENT OR
THE SECURED OBLIGATIONS, INCLUDING ANY PRESENT OR FUTURE AMENDMENT THEREOF, OR
ANY OF THE TRANSACTIONS CONTEMPLATED BY OR RELATED TO THIS AGREEMENT OR ANY
OTHER INVESTMENT DOCUMENT, OR (b) ANY CONDUCT, ACT OR OMISSION OF THE PARTIES OR
THEIR AFFILIATES (OR ANY OF THEM) WITH RESPECT TO THIS AGREEMENT, THE SECURITIES
PURCHASE AGREEMENT, ANY OTHER INVESTMENT DOCUMENT OR THE SECURED OBLIGATIONS,
INCLUDING ANY PRESENT OR FUTURE AMENDMENT THEREOF, WHETHER SOUNDING IN CONTRACT,
TORT OR OTHERWISE, REGARDLESS OF WHICH PARTY INITIATES SUCH ACTION, SUIT OR
OTHER PROCEEDING. Each Grantor (a) certifies that neither Secured Party nor any
representative, agent or attorney of Secured Party has represented, expressly or
otherwise, that Secured Party would not, in the event of litigation, seek to
enforce the foregoing waivers and (b) acknowledges that, in entering into the
Securities Purchase Agreement, Secured Party are relying upon, among other
things, the waivers and certifications contained in this Section 6.20.

                                      -20-

<PAGE>

     IN WITNESS WHEREOF, the parties have duly executed this Agreement as of the
day and year first above written.

                            GRANTORS

                            OVERHILL FARMS, INC., a Nevada corporation

                            By:  _________________________________
                                 James Rudis
                                 President and Chief Executive Officer

                            By:  _________________________________
                                 R. Andrew Horvath
                                 Vice President and Chief Financial Officer

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

                            By:  _________________________________
                                 James Rudis
                                 President

                            By:  _________________________________
                                 R. Andrew Horvath
                                 Vice President and Chief Financial Officer

AGREED TO AND ACKNOWLEDGED BY:

SECURED PARTY

LEVINE LEICHTMAN CAPITAL PARTNERS II, L.P.,
a California limited partnership

    By:  LLCP California Equity Partners II, L.P., a
           California limited partnership, its General
           Partner

         By: Levine Leichtman Capital Partners,
             Inc., a California corporation, its
             General Partner

              By: ___________________________________
                  Arthur E. Levine
                  President

                                      -21-

<PAGE>

                                                                    Exhibit A to
                                                    Amended and Restated Patent,
                                      Trademark and Copyright Security Agreement

                                     FORM OF
                                JOINDER AGREEMENT

     JOINDER AGREEMENT, dated as of ________________, 200__, made by
___________________________________ (the "Additional Grantor"), in favor of,
LEVINE LEICHTMAN CAPITAL PARTNERS, II, L.P., a California limited partnership,
its successors and assigns, as Secured Party (in such capacity, "Secured Party")
in connection with the Securities Purchase Agreement (as defined below). All
capitalized terms not defined herein shall have the respective meanings ascribed
to them in the PTC Security Agreement (as defined below).

                              W I T N E S S E T H:

     WHEREAS, Overhill Farms, Inc., a Nevada corporation ("Company"), the
entities from time to time parties thereto as Guarantors (including Overhill
Ventures) and Secured Party have entered into that certain Amended and Restated
Securities Purchase Agreement dated as of ___________, 2001 (as amended from
time to time, thc "Securities Purchase Agreement");

     WHEREAS, in connection with the Securities Purchase Agreement, Company,
Overhill Ventures and their Subsidiaries (other than the Additional Grantor)
have entered into that certain Amended and Restated Patent, Trademark and
Copyright Security Agreement, dated as of ___________, 2002 (as amended from
time to time, the "PTC Security Agreement") in favor of Secured Party;

     WHEREAS, the Securities Purchase Agreement requires the Additional Grantor
to become a party to the PTC Security Agreement;

     WHEREAS, Company, Overhill Ventures and their Subsidiaries are members of a
consolidated group of entities whose success is mutually interdependent, and
each of the Company, Overhill Ventures, and their Subsidiaries has derived, and
expects to continue to derive, substantial direct and indirect benefits from the
proceeds of the borrowings made available to the Company under the Note; and

     WHEREAS, the Additional Grantor has agreed to execute and deliver this
Joinder Agreement in order to become a party to the PTC Security Agreement.

     NOW, THEREFORE, IT IS AGREED:

     1.   Security Agreement. By executing and delivering this Joinder
Agreement, the Additional Grantor, as provided in Section 2.2 of the PTC
Security Agreement, hereby becomes a party to the PTC Security Agreement as a
Grantor thereunder with the same force and effect as if originally named therein
as a Grantor and, without limiting thc generality of the foregoing, hereby
expressly assumes all obligations and liabilities of a Grantor

                                       -2-

<PAGE>

thereunder. Without limiting the generality of the foregoing, the Additional
Grantor hereby assigns, pledges and grants to Secured Party a continuing
security interest (subject, as to priority, only to the Senior Liens and
Permitted Liens to the extent entitled to priority by Applicable Law) in and to
all of the Additional Grantor's right, title and interest to Collateral. The
information set forth in Annex 1-A hereto is hereby added to the information set
forth in the Schedules to the PTC Security Agreement. The Additional Grantor
hereby represents and warrants that each of the representations and warranties
contained in Section 3 of the PTC Security Agreement is true and correct on and
as the date hereof (after giving effect to this Joinder Agreement) as if made on
and as of such date.

     2.   The Joining Party hereby represents and warrants that the
representations, warranties and acknowledgments in the Securities Purchase
Agreement or the Subsidiary Guaranty, as the case may be, made by or with
respect to a Guarantor are true and correct in all material respects on and of
the date hereof as though made on and as of the date hereof, and further
represents and warrants that:

          (a)  The Joining Party is a corporation duly organized, validly
     existing and in good standing under the laws of the State of ________;

          (b)  The Joining Party has all requisite power and authority to own
     and hold or lease the properties it purports to own, hold or lease, to
     carry on its business as currently conducted and as proposed to be
     conducted and to enter into and deliver this Joinder Agreement and perform
     its obligations hereunder and under the PTC Security Agreement; and

          (c)  This Joinder Agreement and the Subsidiary Guaranty constitute the
     legal, valid and binding obligations of the Joining Party, enforceable
     against the Joining Party in accordance with their respective terms.

     3.   Binding Effect. This Joinder Agreement shall be binding upon, and
inure to the benefit of, the Joining Party and its successors and permitted
assigns.

     4.   Governing Law. THIS JOINDER AGREEMENT SHALL BE GOVERNED BY, AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF
CALIFORNIA.

     IN WITNESS WHEREOF, the undersigned has caused this Joinder Agreement to be
duly executed and delivered as of the date first above written.

                              [ADDITIONAL GRANTOR]

                              By: ______________________________
                                  Name:
                                  Title:

                                       -3-<PAGE>

                                                                   Exhibit 10.33

THE OBLIGATIONS UNDER THIS STOCK PLEDGE AND CONTROL AGREEMENT ARE SUBORDINATED
TO THE CLAIMS OF UNION BANK OF CALIFORNIA, N.A. ("UBOC") PURSUANT TO AND IN
ACCORDANCE WITH THE TERMS OF THAT CERTAIN AMENDED AND RESTATED INTERCREDITOR AND
SUBORDINATION AGREEMENT DATED OF EVEN DATE HEREWITH, BETWEEN SECURED PARTY (AS
DEFINED BELOW) AND UBOC, AS AMENDED.

                              AMENDED AND RESTATED
                       STOCK PLEDGE AND CONTROL AGREEMENT

     THIS AMENDED AND RESTATED STOCK PLEDGE AND CONTROL AGREEMENT dated as of
_________, 2002 (this "Agreement"), is made by OVERHILL FARMS, INC. ("Pledgor"),
in favor of LEVINE LEICHTMAN CAPITAL PARTNERS II, L.P., a California limited
partnership ("Secured Party").

                                    RECITALS

     A.   Pledgor, OVERHILL CORPORATION (formerly known as Polyphase Corporation
and to be known from and after the effective date of the Spin-Off as Treecon
Resources, Inc.), a Nevada corporation ("TreeCon"), Overhill Ventures and the
Purchaser entered into that certain Securities Purchase Agreement dated as of
November 24, 1999, as amended by that certain Consent and First Amendment to
Securities Purchase Agreement dated as of August 23, 2000, and as further
amended by that certain Second Amendment to Securities Purchase Agreement dated
as of January 11, 2002, that certain Consent and Third Amendment dated as of
January 31, 2002, that certain Fourth Amendment dated as of June 28, 2002, and
that certain Fifth Amendment to Securities Purchase Agreement dated as of
September 11, 2002 (as so amended, the "Original Securities Purchase
Agreement").

     B.   In connection with the execution and delivery of the Original
Securities Purchase Agreement, Pledgor executed and delivered to Secured Party
that certain Company Pledge Agreement dated as of November 24, 1999 (the
"Original Pledge Agreement").

     C.   Pledgor, the entities from time to time parties to the Securities
Purchase Agreement as Guarantors (including Overhill Ventures) and Secured Party
are concurrently entering into that certain Amended and Restated Securities
Purchase Agreement dated of even date herewith (as amended from time to time,
the "Securities Purchase Agreement") pursuant to which, among other things, (a)
the parties thereto are amending and restating the Original Securities Purchase
Agreement, the Original Note and the Original Warrant and (b) at the request of
the Company, LLCP is consenting to the Spin-Off Related Matters, all on the
terms and subject to the conditions set forth therein.

     D.   Pledgor, Overhill Ventures and their Subsidiaries are members of a
consolidated group of entities whose success is mutually interdependent, and
each of Pledgor, Overhill Ventures and their Subsidiaries has derived, and
expects to continue to derive, substantial direct and indirect benefits from the
proceeds of the borrowings made available to Pledgor under the Note.

<PAGE>

     E.   Pledgor is the record and beneficial owner of the Capital Stock listed
in Part A of Schedule I and the owner or holder of the promissory notes and
other instruments listed in Part B of Schedule I.

     F.   It is a condition precedent to Secured Party's agreement to consent to
the Spin-Off Related Matters that the Pledgor agrees to affirm, amend and
restate the Original Pledge Agreement on the terms and subject to the conditions
set forth herein.

                                    AGREEMENT

     NOW, THEREFORE, in consideration of the foregoing premises and the mutual
consents and agreements contained herein and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereby amend and restate the Original Pledge Agreement as follows:

     1.   Definitions. Unless otherwise defined herein, capitalized terms used
and not otherwise defined herein shall have the respective meanings ascribed to
them in the Securities Purchase Agreement. The rules of construction set forth
in Sections 1.2 through 1.6 of the Securities Purchase Agreement shall likewise
govern the interpretation and construction of this Agreement. Terms not
otherwise defined directly herein or indirectly by reference shall have the
respective meanings assigned to such terms in the UCC. In addition, the
following capitalized terms shall have the following respective meanings:

          "Pledged Collateral" shall have the meaning assigned to it in Section
     Section 2.

          "Pledged Entity" shall mean an issuer of any Pledged Stock or Pledged
     Indebtedness.

          "Pledged Indebtedness" shall mean the Indebtedness evidenced by the
     promissory notes, instruments and letters of credit listed in Part B of
     Schedule I.

          "Pledged Stock" shall mean the capital stock listed in Part A of
     Schedule I.

          "Senior Liens" shall mean the Liens granted to the Senior Lender
     pursuant to the Senior Collateral Documents.

          "Secured Obligations" mean any and all Obligations, and all covenants
     and duties regarding such amounts, of any kind or nature, present or
     future, contingent or liquidated, whether or not evidenced by any note,
     agreement or other instrument, the payment or performance of which is
     provided for or arises now or hereafter under or in connection with the
     Securities Purchase Agreement or any other Investment Document.

          "Securities Act" shall mean the Securities Act of 1933, as amended.

          "Security Agreement" means the Amended and Restated Security Agreement
     dated of even date herewith by and among Pledgor, Overhill Ventures, other
     subsidiaries of Pledgor from time to time a party thereto, and Secured
     Party.

                                       -2-

<PAGE>

     2.   Pledge. To secure the payment and performance in full of any and all
Secured Obligations, Pledgor hereby pledges, assigns and transfers to Secured
Party, and grants to Secured Party a first priority Lien (except for the Senior
Liens) in, and control over, and further affirms, ratifies and acknowledges the
continuing validity, enforceability, and perfection of, the assignments,
pledges, and grants to Secured Party of, the pledges and security interests
heretofore granted to Secured Party pursuant to the Original Pledge Agreement
all of the following, whether now owned and existing or hereafter acquired or
arising (collectively, the "Pledged Collateral"):

          (a)  the Pledged Stock, and the certificates representing such Pledged
Stock, and all dividends, distributions, cash, instruments and other property or
Proceeds from time to time received, receivable or otherwise distributed in
respect of or in exchange for any or all of such Pledged Stock;

          (b)  any additional Capital Stock of a Pledged Entity from time to
time acquired by Pledgor in any manner (which shares shall be deemed to be part
of the Pledged Stock owned by Pledgor), and the certificates representing such
additional shares, and all dividends, distributions, cash, instruments,
financial assets, securities accounts, investment property, general intangibles,
and other property of any kind or nature, however evidenced, or proceeds from
time to time received, receivable or otherwise distributed in respect of or in
exchange for any or all of such Capital Stock;

          (c)  the Pledged Indebtedness, and the promissory notes, instruments
and letters of credit evidencing such Pledged Indebtedness, and all interest,
cash, instruments and other property and assets from time to time received,
receivable or otherwise distributed in respect of such Pledged Indebtedness;

          (d)  all additional Indebtedness arising after the date hereof and
owing to Pledgor and evidenced by promissory notes, instruments or letters of
credit, together with such promissory notes, instruments and letters of credit,
and all interest, cash, instruments and other property and assets from time to
time received, receivable or otherwise distributed in respect of such Pledged
Indebtedness;

          (e)  any and all rights, powers, remedies and privileges of Pledgor
under or with respect to any of the foregoing; and

          (f)  any and all proceeds and products of any of the foregoing.

     3.   Security for Obligations. The pledge and security interest granted
pursuant to Section 2 secures, and the Pledged Collateral is security for, the
prompt payment and performance in full when due, whether at stated maturity, by
acceleration or otherwise, of all Secured Obligations.

     4.   Delivery of Pledged Collateral. All Pledged Collateral (including
certificates, promissory notes, instruments and letters of credit evidencing the
Pledged Collateral) shall be delivered to and held by or on behalf of Secured
Party pursuant to this Agreement after the Senior Indebtedness has been paid in
full in cash (unless all the Secured Obligations have been fully and finally
paid in cash prior to such time). Upon release of the Senior Liens thereon,
Pledgor shall, or shall cause the Senior Lender to, deliver the Pledged

                                       -3-

<PAGE>

Collateral immediately to Secured Party. All Pledged Stock shall be accompanied
by effectively endorsed instruments of transfer or assignments in blank in favor
of Secured Party, all in form and substance satisfactory to Secured Party, and
all promissory notes or other instruments evidencing the Pledged Indebtedness
shall thereupon be endorsed by Pledgor pledging such Pledged Indebtedness, or
shall be accompanied by instruments of assignment, effectively endorsed in
blank. Notwithstanding anything to the contrary set forth herein, the parties
acknowledge and agree that, until all Secured Obligations have been fully and
finally paid in cash, (a) Senior Lender is holding all Pledged Collateral for
the benefit of Senior Lender and for the benefit of Secured Party for the
purpose of perfecting their respective Liens therein, and (b) delivery of any of
such Pledged Collateral to, together with any necessary indorsements in favor
of, Senior Lender shall be sufficient to discharge Pledgors' delivery
obligations hereunder with respect thereto.

     5.   Representations and Warranties. Pledgor represents and warrants to
Secured Party that:

          (a)  (i) Pledgor is, and at the time of delivery of the Pledged Stock
in accordance with the terms hereof will be, the sole holder of record and the
sole beneficial owner of such Pledged Stock, free and clear of any Lien thereon
or affecting the title thereto, except for any Lien created by this Agreement
and the Senior Liens, and (ii) Pledgor is, and at the time of delivery of the
Pledged Indebtedness in accordance with the terms hereof will be, the sole owner
and holder of such Pledged Indebtedness, free and clear of any Lien thereon or
affecting title thereto, except for any Lien created by this Agreement and the
Senior Liens.

          (b)  (i) All of the Pledged Stock has been duly authorized and validly
issued and are fully paid and nonassessable, and (ii) the Pledged Indebtedness
has been duly authorized, authenticated or issued and delivered by, and
constitutes the legal, valid and binding obligations of, each Pledged Entity
issuing same, and no such Pledged Entity is in default thereunder.

          (c)  Pledgor has the right and requisite authority to pledge, assign,
transfer, deliver, deposit and set over the Pledged Collateral pledged by
Pledgor to Secured Party as provided herein.

          (d)  None of the Pledged Collateral has been issued or transferred in
violation of the securities registration, securities disclosure or similar laws
of any jurisdiction to which such issuance or transfer may be subject.

          (e)  Pledgor is the sole owner of the Pledged Stock pledged by it
hereunder and such Pledged Stock is presently represented by the certificates
listed in Part A of Schedule I. There are no existing options, warrants, calls
or commitments of any character whatsoever on or relating to the Pledged Stock.

          (f)  No Consent that has not been obtained prior to the date hereof is
required to be obtained from any Governmental Authority or any other Person (i)
for the pledge, grant of control, and ratification of the continuing grant by
Pledgor of the Pledged Collateral pursuant to this Agreement or for the
execution, delivery or performance of this

                                       -4-

<PAGE>

Agreement by Pledgor, or (ii) for the exercise by Secured Party of the voting or
other rights provided for in this Agreement or the remedies in respect of such
Pledged Collateral pursuant to this Agreement, except as may be required in
connection with such disposition by laws affecting the offering and sale of
securities generally.

          (g)  Pledgor has good and marketable title to all Pledged Collateral.
The pledge, assignment and delivery of the Pledged Collateral pursuant to this
Agreement will create a valid and perfected a security interest (subject only to
the Senior Lien) in favor of Secured Party in the Pledged Collateral securing
the payment of the Secured Obligations, subject to no other Lien other than the
Senior Liens.

          (h)  This Agreement has been duly authorized, executed and delivered
by Pledgor and constitutes a legal, valid and binding obligation of Pledgor,
enforceable against Pledgor in accordance with its terms.

          (i)  The Pledged Stock constitutes that percentage of the issued and
outstanding Capital Stock of each Pledged Entity as set forth on Schedule I.

          (j)  Except as disclosed in Part B of Schedule I, none of the Pledged
Indebtedness held by Pledgor is subordinated in right of payment to any other
Indebtedness (except for the Secured Obligations and the Senior Indebtedness) or
subject to the terms of any indenture.

          The representations and warranties set forth in this Section 5 shall
survive the execution, delivery and performance by Pledgor of this Agreement.

     6.   Covenants. Pledgor covenants and agrees that:

          (a)  Without the prior written consent of Secured Party, Pledgor will
not sell, assign, transfer, pledge, or otherwise encumber any of its rights in
or to any Pledged Collateral owned or held by it, or any unpaid dividends,
interest or other distributions or payments with respect to such Pledged
Collateral, or grant any Lien on such Pledged Collateral, except as expressly
permitted by the Securities Purchase Agreement (including the Senior Lien) or
this Agreement.

          (b)  Pledgor will, at its expense, promptly execute, acknowledge and
deliver all such instruments and deliver letters of credit and take all such
actions as Secured Party from time to time may request in order to ensure to
Secured Party the benefits of the Liens upon and control over the Pledged
Collateral intended to be created by this Agreement, including the filing of any
necessary UCC financing statements that may be filed by Secured Party with or
(to the extent permitted by Applicable Laws) without the signature of Pledgor,
and will cooperate with Secured Party, at Pledgor's expense, in obtaining all
necessary consents and agreements, including control agreements over any
securities accounts, and making all necessary filings under Applicable Laws in
connection with such Liens or any sale or transfer of such Pledged Collateral.
Pledgor hereby authorizes Secured Party to, from time to time in any appropriate
jurisdiction, file one or more financing or continuation statements, and
amendments thereto, relating to all or any part of the Collateral without the
signature of Pledgor where permitted by Applicable Law. Such financing
statements may indicate that the Collateral is all assets of Pledgor.

                                       -5-

<PAGE>

          (c)  Pledgor has and will defend the title to the Pledged Collateral,
and the Liens of Secured Party on such Pledged Collateral, against the claim of
any Person (other than the Senior Lender with respect to Senior Liens) and will
maintain and preserve such Liens.

          (d)  Pledgor will, upon obtaining ownership of any additional Capital
Stock, promissory notes or other instruments of a Pledged Entity, or Capital
Stock, promissory notes or other instruments otherwise required to be pledged to
Secured Party pursuant to any of the Investment Documents that does not already
constitute Pledged Collateral hereunder, promptly (and in any event within three
(3) Business Days after it acquires any such additional Capital Stock, notes or
other instruments) deliver to Secured Party a Pledge Amendment, effectively
endorsed in blank by Pledgor, in substantially the form of Exhibit A (each, a
"Pledge Amendment"), in respect of any such additional Capital Stock, notes or
other instruments, pursuant to which Pledgor shall pledge to Secured Party all
of such additional Capital Stock, notes and other Instruments. Pledgor hereby
authorizes Secured Party to attach each such Pledge Amendment to this Agreement
and agrees that all Pledged Stock and Pledged Indebtedness listed in any such
Pledge Amendment delivered to Secured Party shall for all purposes hereunder be
considered Pledged Collateral.

     7.   Pledgor's Rights. So long as no Default or Event of Default shall have
occurred and be continuing and until written notice shall be given to Pledgor in
accordance with Section 8(a):

          (a)  Pledgor shall have the right to vote and give consents with
respect to the Pledged Collateral pledged by it hereunder or any part thereof
for all purposes not inconsistent with the provisions of this Agreement, the
Securities Purchase Agreement or any other Investment Document; provided,
however, that no vote shall be cast, and no consent shall be given or action
taken, that would have the effect of impairing the position or interest of
Secured Party in respect of the Pledged Collateral or that would authorize,
effect or consent to (unless and to the extent expressly permitted by the
Securities Purchase Agreement or consented to in writing by Secured Party):

               (i)   the dissolution or liquidation, in whole or in part, of a
          Pledged Entity;

               (ii)  the consolidation or merger of a Pledged Entity with any
          other Person;

               (iii) the sale, disposition or encumbrance of all or
          substantially all of the assets of a Pledged Entity, except for Senior
          Liens and Liens in favor of Secured Party;

               (iv)  any change in the authorized number of shares, the stated
          capital or the authorized share capital of a Pledged Entity or the
          issuance of any additional shares of its Stock; or

               (v)   the alteration of the voting rights with respect to the
          Stock of a Pledged Entity.

                                       -6-

<PAGE>

          (b)  Pledgor shall be entitled, from time to time, to collect and
receive for its own use all cash dividends and interest paid in respect of the
Pledged Stock and Pledged Indebtedness pledged by it hereunder to the extent not
in violation of the Securities Purchase Agreement, except for any and all: (i)
dividends and interest paid or payable other than in cash in respect of any such
Pledged Collateral, instruments and other property received, receivable or
otherwise distributed in respect of, or in exchange for, any such Pledged
Collateral; (ii) dividends and other distributions paid or payable in cash in
respect of any such Pledged Stock in connection with a partial or total
liquidation or dissolution or in connection with a reduction of capital, capital
surplus or paid-in capital of a Pledged Entity; and (iii) cash paid, payable or
otherwise distributed in respect of principal of, or in redemption of, or in
exchange for, any such Pledged Collateral; provided, however, that until
actually paid all rights to such distributions shall remain subject to the
Senior Liens and the Lien in favor of Secured Party created by this Agreement
and the other Investment Documents.

          (c)  All dividends and interest (other than such cash dividends and
interest as are permitted to be paid to Pledgor in accordance with Section
Error! Reference source not found.) and all other distributions in respect of
any of the Pledged Stock or Pledged Indebtedness, whenever paid or made, unless
delivered to the Senior Lender pursuant to the Senior Collateral Documents,
shall be delivered to Secured Party to hold as Pledged Collateral and shall, if
received by Pledgor, be received in trust for the benefit of Secured Party, be
segregated from the other property or funds of Pledgor, and be forthwith
delivered to Secured Party as Pledged Collateral in the same form as so received
(with any necessary indorsements). Upon release of the applicable Senior Liens,
all dividends and interest (other than such cash dividends and interest as are
permitted to be paid to Pledgor in accordance with Section Error! Reference
source not found.) and all other distributions in respect of any of the Pledged
Stock or Pledged Indebtedness, whenever paid or made, shall be delivered to
Secured Party to hold as Pledged Collateral and shall, if received by Pledgor,
be received in trust for the benefit of Secured Party, be segregated from the
other property or funds of Pledgor, and be forthwith delivered to Secured Party
as Pledged Collateral in the same form as so received (with any necessary
indorsements)

     8.   Defaults and Remedies; Proxy.

          (a)  Upon the occurrence and during the continuation of any Default or
Event of Default, Secured Party (personally or through an agent) is hereby
authorized and empowered to transfer and register in its name or in the name of
its nominee the whole or any part of the Pledged Collateral pledged by Pledgor
hereunder, to exchange certificates or instruments representing or evidencing
such Pledged Collateral for certificates or instruments of smaller or larger
denominations, to exercise the voting and all other rights as a holder with
respect thereto, to collect and receive all cash dividends, interest, principal
and other distributions made thereon, to sell in one or more sales after ten
(10) days' notice of the time and place of any public sale or of the time at
which a private sale is to take place (which notice Pledgor agrees is
commercially reasonable) the whole or any part of such Pledged Collateral and to
otherwise act with respect to such Pledged Collateral as though Secured Party
were the outright owner thereof. Any sale shall be made at a public or private
sale at Secured Party's place of business, or at any place in Los Angeles
County, California to be named in the notice of sale, either for cash or upon
credit or for future delivery at such price as Secured Party may deem fair, and
Secured Party may be the purchaser of the whole

                                       -7-

<PAGE>

or any part of such Pledged Collateral so sold and hold the same thereafter in
its own right free from any claim of Pledgor or any right of redemption. Each
sale shall be made to the highest bidder, but Secured Party reserves the right
to reject any and all bids at such sale that, in its discretion, it shall deem
inadequate. Demands of performance, except as otherwise herein specifically
provided for, notices of sale, advertisements and the presence of property at
sale are hereby waived and any sale hereunder may be conducted by an auctioneer
or any officer or agent of Secured Party. Secured Party's rights above are
subject to the rights of the Senior Lender under the Intercreditor Agreement.

          UPON THE OCCURRENCE AND DURING THE CONTINUATION OF A DEFAULT OR EVENT
OF DEFAULT, PLEDGOR HEREBY IRREVOCABLY CONSTITUTES AND APPOINTS SECURED PARTY AS
THE PROXY AND ATTORNEY-IN-FACT OF PLEDGOR WITH RESPECT TO THE PLEDGED COLLATERAL
PLEDGED BY PLEDGOR HEREUNDER, INCLUDING THE RIGHT TO VOTE THE PLEDGED STOCK OF
PLEDGOR, WITH FULL POWER OF SUBSTITUTION TO DO SO. THE APPOINTMENT OF SECURED
PARTY AS PROXY AND ATTORNEY-IN-FACT IS COUPLED WITH AN INTEREST AND SHALL BE
IRREVOCABLE UNTIL THE TERMINATION DATE. IN ADDITION TO THE RIGHT TO VOTE THE
PLEDGED STOCK OF PLEDGOR, THE APPOINTMENT OF SECURED PARTY AS PROXY AND
ATTORNEY-IN-FACT SHALL INCLUDE THE RIGHT TO EXERCISE ALL OTHER RIGHTS, POWERS,
PRIVILEGES AND REMEDIES TO WHICH A HOLDER OF SUCH PLEDGED STOCK WOULD BE
ENTITLED (INCLUDING GIVING OR WITHHOLDING WRITTEN CONSENTS OF SHAREHOLDERS,
CALLING SPECIAL MEETINGS OF SHAREHOLDERS AND VOTING AT SUCH MEETINGS). SUCH
PROXY SHALL BE EFFECTIVE, AUTOMATICALLY AND WITHOUT THE NECESSITY OF ANY ACTION
(INCLUDING ANY TRANSFER OF SUCH PLEDGED STOCK ON THE RECORD BOOKS OF THE ISSUER
THEREOF) BY ANY PERSON (INCLUDING THE ISSUER OF SUCH PLEDGED STOCK OR ANY
OFFICER OR AGENT THEREOF), UPON THE OCCURRENCE AND DURING THE CONTINUATION OF A
DEFAULT OR EVENT OF DEFAULT. NOTWITHSTANDING THE FOREGOING, SECURED PARTY SHALL
NOT HAVE ANY DUTY TO EXERCISE ANY SUCH RIGHT OR TO PRESERVE THE SAME AND SHALL
NOT BE LIABLE FOR ANY FAILURE TO DO SO OR FOR ANY DELAY IN DOING SO.

          (b)  If, at the original time or times appointed for the sale of the
whole or any part of the Pledged Collateral pledged by Pledgor hereunder, (i)
the highest bid, if there is but one sale, shall be inadequate to discharge in
full all the Secured Obligations, or (ii) such Pledged Collateral is offered for
sale in lots, the highest bid for the lot offered for sale at any of such sales
would indicate to Secured Party, in its discretion, that the proceeds of the
sales of the whole of such Pledged Collateral would be unlikely to be sufficient
to discharge all the Secured Obligations, then Secured Party may, on one or more
occasions and in its discretion, postpone any of said sales by public
announcement at the time of sale or the time of previous postponement of sale,
and no other notice of such postponement or postponements of sale need be given,
any other notice being hereby waived; provided that any sale or sales made after
such postponement shall be after ten (10) days' notice to Pledgor.

                                      -8-

<PAGE>

          (c)  If, following the occurrence and during the continuance of a
Default or Event of Default, Secured Party in its sole discretion determines
that, in connection with any actual or contemplated exercise of its rights (when
permitted under this Section 8) to sell the whole or any part of the Pledged
Collateral hereunder, it is necessary or advisable to effect a public
registration of all or part of the Pledged Collateral pursuant to the Securities
Act, then Pledgor shall, in an expeditious manner, cause the Pledged Entity that
issued Pledged Collateral owned or held by it to:

               (i)   Prepare and file with the Commission a registration
          statement with respect to the Pledged Stock owned by it and in good
          faith use commercially reasonable efforts to cause such registration
          statement to become and remain effective;

               (ii)  Prepare and file with the Commission such amendments and
          supplements to such registration statement and the prospectus used in
          connection therewith as may be necessary to keep such registration
          statement effective and to comply with the provisions of the
          Securities Act with respect to the sale or other disposition of the
          Pledged Stock covered by such registration statement whenever Secured
          Party shall desire to sell or otherwise dispose of such Pledged Stock;

               (iii) Furnish to Secured Party such numbers of copies of a
          prospectus and a preliminary prospectus, in conformity with the
          requirements of the Securities Act, and such other documents as
          Secured Party may request in order to facilitate the public sale or
          other disposition by Secured Party of the Pledged Stock owned by it;

               (iv)  Use commercially reasonable efforts to register or qualify
          the Pledged Stock covered by such registration statement under such
          other securities or blue sky laws of such jurisdictions within the
          United States and Puerto Rico as Secured Party shall request, and do
          such other reasonable acts and things as may be required of it to
          enable Secured Party to consummate the public sale or other
          disposition by Secured Party in such jurisdictions of such Pledged
          Stock by Secured Party;

               (v)   Furnish, at the request of Secured Party, on the date that
          Pledged Stock owned or held by it are delivered to the underwriters
          for sale pursuant to such registration or, if the security is not
          being sold through underwriters, on the date that the registration
          statement with respect to such Pledged Stock becomes effective, (A) an
          opinion, dated such date, of the independent counsel representing such
          registrant for the purposes of such registration, addressed to the
          underwriters, if any, and in the event such Pledged Stock is not being
          sold through underwriters, then to Secured Party, in customary form
          and covering matters of the type customarily covered in such legal
          opinions; and (B) a comfort letter, dated such date, from the
          independent certified public accountants of such registrant, addressed
          to the underwriters, if any, and in the event such Pledged Stock is
          not being sold through underwriters, then to Secured Party, in a
          customary form and

                                      -9-

<PAGE>

          covering matters of the type customarily covered by such comfort
          letters and as the underwriters or Secured Party shall reasonably
          request. The opinion of counsel referred to above shall additionally
          cover such other legal matters with respect to the registration in
          respect of which such opinion is being given as Secured Party may
          reasonably request. The comfort letter referred to above from the
          independent certified public accountants shall additionally cover such
          other financial matters (including information as to the period ending
          not more than five Business Days prior to the date of such letter)
          with respect to the registration in respect of which such letter is
          being given as Secured Party may reasonably request; and

               (vi)  Otherwise use commercially reasonable efforts to comply
          with all applicable rules and regulations of the Commission, and make
          available to its security holders, as soon as reasonably practicable
          but not later than 18 months after the effective date of such
          registration statement, an earnings statement covering the period of
          at least 12 months beginning with the first full month after the
          effective date of such registration statement, which earnings
          statement shall satisfy the provisions of Section 11(a) of the
          Securities Act.

          (d)  All expenses incurred in complying with Section 8 (c), including
all registration and filing fees (including all expenses incident to filing with
the National Association of Securities Dealers, Inc.), printing expenses, fees
and disbursements of counsel for the registrant, the fees and expenses of
counsel for Secured Party, expenses of the independent certified public
accountants (including any special audits incident to or required by any such
registration) and expenses of complying with the securities or blue sky laws of
any jurisdictions, shall be paid by Pledgors.

          (e)  If, at any time when Secured Party shall determine to exercise
its right to sell the whole or any part of the Pledged Collateral hereunder,
such Pledged Collateral or the part thereof to be sold shall not, for any reason
whatsoever, be effectively registered under the Securities Act (or any similar
statute), then Secured Party may, in its discretion (subject only to applicable
requirements of Applicable Laws), sell such Pledged Collateral or part thereof
by private sale in such manner and under such circumstances as Secured Party may
deem necessary or advisable, but subject to the other requirements of this
Section 8, and shall not be required to effect such registration or to cause the
same to be effected. Without limiting the generality of the foregoing, in any
such event, Secured Party in its discretion may (i) in accordance with
applicable securities laws proceed to make such private sale notwithstanding
that a registration statement for the purpose of registering such Pledged
Collateral or part thereof could be or shall have been filed under the
Securities Act (or similar statute), (ii) approach and negotiate with a single
possible purchaser to effect such sale, and (iii) restrict such sale to a
purchaser who is an accredited investor under the Securities Act and who will
represent and agree that such purchaser is purchasing for its own account, for
investment and not with a view to the distribution or sale of such Pledged
Collateral or any part thereof. In addition to a private sale as provided above
in this Section 8, if any of the Pledged Collateral shall not be freely
distributable to the public without registration under the Securities Act (or
similar statute) at the time of any proposed sale pursuant to this Section 8,
then Secured Party shall not be required to effect such

                                      -10-

<PAGE>

registration or cause the same to be effected but, in its discretion (subject
only to applicable requirements of Applicable Laws), may require that any sale
hereunder (including a sale at auction) be conducted subject to restrictions:

               (i)   as to the financial sophistication and ability of any
          Person permitted to bid or purchase at any such sale;

               (ii)  as to the content of legends to be placed upon any
          certificates representing the Pledged Collateral sold in such sale,
          including restrictions on future transfer thereof;

               (iii) as to the representations required to be made by each
          Person bidding or purchasing at such sale relating to such Person's
          access to financial information about Pledgor and such Person's
          intentions as to the holding of the Pledged Collateral so sold for
          investment for its own account and not with a view to the distribution
          thereof; and

               (iv)  as to such other matters as Secured Party may, in its
          discretion, deem necessary or appropriate in order that such sale
          (notwithstanding any failure so to register) may be effected in
          compliance with the Bankruptcy Law and other laws affecting the
          enforcement of creditors' rights and the Securities Act and all
          applicable state securities laws.

          (f)  Pledgor recognizes that Secured Party may be unable to effect a
public sale of any or all the Pledged Collateral and may be compelled to resort
to one or more private sales thereof in accordance with Section 8. Pledgor also
acknowledges that any such private sale may result in prices and other terms
less favorable to the seller than if such sale were a public sale and,
notwithstanding such circumstances, agrees that any such private sale shall not
be deemed to have been made in a commercially unreasonable manner solely by
virtue of such sale being private. Secured Party shall be under no obligation to
delay a sale of any of the Pledged Collateral for the period of time necessary
to permit the applicable Pledged Entity to register such securities for public
sale under the Securities Act, or under applicable state securities laws, even
if Pledgor owning or holding such Pledged Collateral and the Pledged Entity
would agree to do so.

          (g)  Pledgor agrees, to the maximum extent permitted by Applicable
Laws, that following the occurrence and during the continuance of a Default or
Event of Default it will not at any time plead, claim or take the benefit of any
appraisal, valuation, stay, extension, moratorium or redemption law now or
hereafter in force in order to prevent or delay the enforcement of this
Agreement, or the absolute sale of the whole or any part of the Pledged
Collateral or the possession thereof by any purchaser at any sale hereunder, and
Pledgor waives the benefit of all such laws to the extent it lawfully may do so.
Pledgor agrees that it will not interfere with any right, power or remedy of
Secured Party provided for in this Agreement or now or hereafter existing at law
or in equity or by statute or otherwise, or the exercise or beginning of the
exercise by Secured Party of any one or more of such rights, powers or remedies.
No failure or delay on the part of Secured Party to exercise any such right,
power or remedy and no notice or demand that may be given to or made upon
Pledgor by Secured Party with respect to any such remedies shall operate as a

                                      -11-

<PAGE>

waiver thereof, or limit or impair Secured Party's right to take any action or
to exercise any power or remedy hereunder, without notice or demand, or
prejudice its rights as against Pledgor in any respect.

          (h)  Pledgor further agrees that a breach of any of the covenants
contained in this Section 8 will cause irreparable injury to Secured Party, that
Secured Party shall have no adequate remedy at law in respect of such breach
and, as a consequence, agrees that each and every covenant contained in this
Section 8 shall be specifically enforceable against Pledgor, and Pledgor hereby
waives and agrees not to assert any defenses against an action for specific
performance of such covenants except for a defense that: (i) no Event of Default
has occurred under the Securities Purchase Agreement and (ii) Secured Party is
in breach of its obligations under this Agreement or the Securities Purchase
Agreement.

          (i)  Until the occurrence of a Default or an Event of Default, Secured
Party may not (i) repledge the Pledged Collateral to any other party, (ii) sell,
assign, transfer, exchange or otherwise dispose of, or grant any option with
respect to, the Pledged Collateral, or (iii) create, incur or permit the
existence of any Lien or option with respect to the Pledged Collateral (except
as contemplated by this Agreement).

     9.   Waiver. No delay on Secured Party's part in exercising any power of
sale, Lien, option or other right hereunder, and no notice or demand that may be
given to or made upon Pledgor by Secured Party with respect to any power of
sale, Lien, option or other right hereunder, shall constitute a waiver thereof,
or limit or impair Secured Party's right to take any action or to exercise any
power of sale, Lien, option, or any other right hereunder, without notice or
demand, or prejudice Secured Party's rights as against Pledgor in any respect.

     10.  Assignment. Secured Party may assign, indorse or transfer any
instrument evidencing all or any part of the Secured Obligations as provided in,
and in accordance with, the Securities Purchase Agreement or any Investment
Agreement, and the holder of such instrument shall be entitled to the benefits
of this Agreement.

     11.  Termination. This Agreement shall create a continuing security
interest in and to all of the Pledged Collateral, and the security interest
shall survive until, and this Agreement shall remain in full force and effect
and terminate only upon, the indefeasible payment (including payment in full in
cash in immediately available funds in the case of Secured Obligations
consisting of payment obligations) and performance in full of any and all
Secured Obligations and the expiration or earlier termination of all obligations
of the Secured Party under this Agreement and the other Investment Documents.
Immediately following the later to occur of (a) the termination of this
Agreement as provided above and (b) the Termination Date (as defined in the
Senior Credit Agreement), Secured Party shall promptly deliver to Pledgor the
Pledged Collateral pledged by Pledgor and delivered to Secured Party at the time
subject to this Agreement and all instruments of assignment executed in
connection therewith, free and clear of the Liens created in favor of Secured
Party under this Agreement and the other Investment Documents and, except as
otherwise provided herein, all of Pledgor's obligations hereunder shall at such
time terminate. Upon payment in full in cash of any Indebtedness evidenced by a
promissory note or other

                                      -12-

<PAGE>

instrument delivered to Pledgor as Pledged Collateral, Secured Party will return
such instrument to Pledgor.

     12.  Lien Absolute. All rights of Secured Party hereunder, and all
obligations of Pledgor hereunder, shall be absolute and unconditional
irrespective of:

          (a)  any lack of validity or enforceability of the Securities Purchase
Agreement, any other Investment Document or any other agreement or instrument
governing or evidencing any Secured Obligations;

          (b)  any change in the time, manner or place of payment of, or in any
other term of, all or any part of the Secured Obligations, or any other
amendment or waiver of or any consent to any departure from the Securities
Purchase Agreement, any other Investment Document or any other agreement or
instrument governing or evidencing any Secured Obligations;

          (c)  any exchange, release or non-perfection of any other Collateral
or any release or amendment or waiver of, or consent to departure from any
guaranty for, all or any of the Secured Obligations;

          (d)  the insolvency of Pledgor or any Guarantor or any other guarantor
of the obligations; or

          (e)  any other circumstance that might otherwise constitute a defense
available to, or a discharge of, Pledgor.

     13.  Release. Pledgor consents and agrees that Secured Party may at any
time, or from time to time, in its discretion:

          (a)  renew, extend or change the time of payment of, or the manner,
place or terms of payment of, all or any part of the Secured Obligations; and

          (b)  exchange, release or surrender all or any of the Collateral
(including the Pledged Collateral), or any part thereof, by whomsoever
deposited, that is now or may hereafter be held by or on behalf of Secured Party
in connection with all or any of the Secured Obligations; all in such manner and
upon such terms as Secured Party may deem proper, and without notice to or
further assent from Pledgor, it being hereby agreed that Pledgor shall be and
remain bound by this Agreement irrespective of the value or condition of any of
the Collateral and notwithstanding any such change, exchange, settlement,
compromise, surrender, release, renewal or extension, and notwithstanding also
that the Secured Obligations may, at any time, exceed the aggregate principal
amount thereof set forth in the Securities Purchase Agreement or any other
agreement governing any Secured Obligations.

          Pledgor hereby waives notice of acceptance of this Agreement,
presentment, demand, protest and notice of dishonor of any and all of the
Secured Obligations, and any delay by Secured Party in commencing suit against
any party hereto or Person liable hereon, and in giving any notice to or of
making any claim or demand hereunder upon Pledgor. No act or omission of any
kind on Secured Party's part (other than an act or omission that is

                                      -13-

<PAGE>

finally determined by a referee or a court of competent jurisdiction to have
resulted solely from Secured Party's gross negligence or willful misconduct)
shall in any event affect or impair this Agreement.

     14.  Reinstatement. This Agreement shall remain in full force and effect
and continue to be effective even if: (a) any petition is filed by or against
Pledgor or any Pledged Entity for liquidation or reorganization; (b) Pledgor or
any Pledged Entity becomes insolvent or makes an assignment for the benefit of
creditors; (c) a receiver or trustee is appointed for all or any significant
part of Pledgor's or Pledged Entity's assets; or (d) at any time payment and
performance of the Secured Obligations, or any part thereof, is, pursuant to
Applicable Laws, rescinded or reduced in amount, or must otherwise be restored
or returned by any obligee of the Secured Obligations, whether as a "voidable
preference," "fraudulent transfer," or otherwise, all as though such payment or
performance had not been made. In the event that any payment, or any part
thereof, is rescinded, reduced, restored or returned, the Secured Obligations
and Secured Party's Liens in the Pledged Collateral shall be reinstated and
deemed reduced only by such amount paid and not so rescinded, reduced, restored
or returned.

     15.  Miscellaneous.

          (a)  Secured Party may execute any of its duties hereunder by or
through agents or employees and shall be entitled to advice of counsel
concerning all matters pertaining to its duties hereunder.

          (b)  Pledgor agrees to promptly reimburse Secured Party for actual
out-of-pocket expenses, including reasonable attorneys' fees, incurred by
Secured Party in connection with the enforcement of its rights and remedies
under this Agreement.

          (c)  Neither Secured Party nor any of its officers, directors,
employees, agents or counsel shall be liable for any action lawfully taken or
omitted to be taken by it or them hereunder or in connection herewith, except
for its or their own gross negligence or willful misconduct as finally
determined by a referee or a court of competent jurisdiction.

          (d)  THIS AGREEMENT SHALL BE BINDING UPON PLEDGOR AND ITS SUCCESSORS
AND ASSIGNS (INCLUDING A TRUSTEE OR DEBTOR-IN-POSSESSION ON BEHALF OF PLEDGOR),
AND SHALL INURE TO THE BENEFIT OF, AND BE ENFORCEABLE BY AND BINDING UPON,
SECURED PARTY AND ITS SUCCESSORS AND ASSIGNS, AND SHALL BE GOVERNED BY, AND
CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF CALIFORNIA
APPLICABLE TO CONTRACTS MADE AND PERFORMED IN THAT STATE, AND NONE OF THE TERMS
OR PROVISIONS OF THIS AGREEMENT MAY BE WAIVED, ALTERED, MODIFIED OR AMENDED
EXCEPT IN WRITING DULY SIGNED FOR AND ON BEHALF OF SECURED PARTY AND PLEDGOR.

     16.  Severability. If for any reason any provision or provisions hereof are
determined to be invalid and contrary to any existing or future law, such
invalidity shall not impair the operation of or affect those portions of this
Agreement that are valid.

                                      -14-

<PAGE>

     17. Counterparts. This Agreement may be executed in two or more
counterparts and by facsimile, each of which shall be deemed an original, but
all of which together shall constitute one instrument.

     18. Security Agreement. The Liens granted pursuant to this Agreement are
granted in conjunction with, and restate the Liens granted to Secured Party
pursuant to the Security Agreement. Pledgor hereby acknowledges and affirms that
additional rights and remedies of Secured Party with respect to the Liens
granted under this Agreement are set forth in the Security Agreement, the terms
and provisions of which are incorporated by reference herein as if fully set
forth herein.

     19. Governing Law. THIS AGREEMENT AND THE OBLIGATIONS OF THE PLEDGOR
HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE
STATE OF CALIFORNIA (WITHOUT REFERENCE TO CONFLICT OF LAWS). Each Pledged Entity
by its signature below specifies the law of the State of California as the law
of the "issuer's jurisdiction" within the meaning of Section 8110 of the UCC.

     20. Survival of Agreement. All covenants, agreements, representations and
warranties made by Pledgor herein and in the certificates or other instruments
prepared or delivered in connection with or pursuant to this Agreement shall be
considered to have been relied upon by Secured Party and shall survive the
execution and delivery to Secured Party of the Notes pursuant to the Securities
Purchase Agreement, regardless of any investigation made by Secured Party, and
shall continue in full force and effect as long as any Secured Obligation is
outstanding and unpaid.

     21. Amendment and Restatement. Effective on and as of the Effective Date,
this Agreement shall supersede the Original Pledge Agreement insofar as it is
inconsistent with this Agreement. However, the execution and delivery of this
Agreement shall not excuse, or constitute a waiver of, any Defaults or Events of
Default under the Original Pledge Agreement, it being understood that this
Agreement is not a termination of the Original Pledge Agreement but is a
modification (and, as modified, a continuation) thereof. Pledgor acknowledges
and agrees that the Original Pledge Agreement, as amended and restated hereby,
is affirmed in all respects and that the first priority liens and security
interests granted thereunder are continued hereby and under the Security
Agreement and the PTC Security Agreement.

     22. Waiver of Jury Trial. PLEDGOR AND SECURED PARTY EACH KNOWINGLY,
INTENTIONALLY AND VOLUNTARILY, WITH AND UPON THE ADVICE OF COMPETENT COUNSEL,
WAIVES AND FOREVER FORGOES THE RIGHT TO A TRIAL BY JURY IN ANY ACTION, SUIT OR
OTHER PROCEEDING BASED UPON, ARISING OUT OF OR IN ANY WAY RELATING TO (a) THIS
AGREEMENT, THE SECURITIES PURCHASE AGREEMENT, ANY OTHER INVESTMENT DOCUMENT OR
THE SECURED OBLIGATIONS, INCLUDING ANY PRESENT OR FUTURE AMENDMENT THEREOF, OR
ANY OF THE TRANSACTIONS CONTEMPLATED BY OR RELATED TO THIS AGREEMENT OR ANY
OTHER INVESTMENT DOCUMENT, OR (b) ANY CONDUCT, ACT OR OMISSION OF THE PARTIES OR
THEIR AFFILIATES (OR ANY OF THEM) WITH

                                      -15-

<PAGE>

RESPECT TO THIS AGREEMENT, THE SECURITIES PURCHASE AGREEMENT, ANY OTHER
INVESTMENT DOCUMENT OR THE SECURED OBLIGATIONS, INCLUDING ANY PRESENT OR FUTURE
AMENDMENT THEREOF, WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, REGARDLESS
OF WHICH PARTY INITIATES SUCH ACTION, SUIT OR OTHER PROCEEDING. Pledgor (a)
certifies that neither Secured Party nor any representative, agent or attorney
of Secured Party has represented, expressly or otherwise, that Secured Party
would not, in the event of litigation, seek to enforce the foregoing waivers and
(b) acknowledges that, in entering into the Securities Purchase Agreement,
Secured Party are relying upon, among other things, the waivers and
certifications contained in this Section 22.

                     [REST OF PAGE LEFT INTENTIONALLY BLANK]

                                      -16-

<PAGE>

     IN WITNESS WHEREOF, the parties have caused this Agreement to be duly
executed as of the date first written above.

                           PLEDGOR

                           OVERHILL FARMS, INC., a Nevada corporation

                           By: _________________________________________________
                               James Rudis
                               President and Chief Executive Officer

                           By: _________________________________________________
                               Richard A. Horvath
                               Vice President and Chief Financial Officer

                               SECURED PARTY

                               LEVINE LEICHTMAN CAPITAL PARTNERS II,
                               L.P., a California limited partnership

                           By: LLCP California Equity Partners II, L.P., a
                               California limited partnership, its General
                               Partner

                               By: Levine Leichtman Capital Partners, Inc.,
                                   a California corporation, its General Partner

                              By: ________________________________________
                                 Arthur E. Levine
                                 President

                                      -17-

<PAGE>

     The undersigned hereby joins in the above Amended and Restated Stock Pledge
and Control Agreement for the sole purpose of consenting to and being bound by
the provisions thereof, the undersigned hereby agreeing to cooperate fully and
in good faith with the Secured Party and the Company in carrying out the
provisions of such Agreement.

                                 PLEDGED ENTITY

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

                                 By:  ___________________________________
                                      James Rudis
                                      President

                                 By:  ___________________________________
                                      Richard A. Horvath
                                      Chief Financial Officer

                                      -18-

<PAGE>

                                    EXHIBIT A

                                     FORM OF
                                PLEDGE AMENDMENT

     This Pledge Amendment, dated as of __________ 200_, is delivered pursuant
to Section 6(d) of the Pledge Agreement referred to below. All defined terms
herein shall have the meanings assigned thereto or incorporated by reference in
the Pledge Agreement.

     The undersigned hereby certifies that the representations and warranties in
Section 5 of the Pledge Agreement are and continue to be true and correct, both
as to the promissory notes, other instruments and the Capital Stock pledged
prior to this Pledge Amendment and as to the promissory notes, other instruments
and the Capital Stock pledged pursuant to this Pledge Amendment.

     The undersigned agrees that this Pledge Amendment may be attached to that
certain Amended and Restated Stock Pledge and Control Agreement dated as of
_________, 2002 (as amended from time to time, the "Pledge Agreement"), by and
between Overhill Farms, Inc., a Nevada corporation, as "Pledgor," and Levine
Leichtman Capital Partners II, L. P., as "Secured Party," and that the Pledged
Stock and Pledged Indebtedness listed on Exhibit A to this Pledge Amendment
shall be and become a part of the Pledged Collateral referred to in the Pledge
Agreement and shall secure all Secured Obligations referred to in the Pledge
Agreement. The undersigned acknowledges that any promissory notes, other
instruments or Capital Stock not included in the Pledged Collateral at the
discretion of Secured Party may not otherwise be pledged by Pledgor to any other
Person or otherwise be used as security for any obligations other than the
Secured Obligations.

                                             "PLEDGOR"

                                             By:________________________________
                                             Name:______________________________
                                             Title:_____________________________

<PAGE>

                                                                       Exhibit A
                                                             To Pledge Amendment

                                  Pledged Stock

                        Class of    Certificate    No. of      Percentage of
Issuer                   Stock          No.        Shares    Outstanding Shares
------                   -----          --         ------    ------------------

                              Pledged Indebtedness

                        Initial
                       Principal                                     Interest
Pledged Entity          Amount       Issue Date      Maturity Date     Rate
--------------          ------       ----------      -------------     ----

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