Second Amendment to Commitment Letter between Webster Bank and Vermont Pure Holdings, Ltd. (July 18, 2000)

Summary

Webster Bank and Vermont Pure Holdings, Ltd. have agreed to extend the deadline for closing loans related to the merger of Vermont Pure Holdings, Ltd. and Crystal Rock Spring Water Company. The new deadline for closing the loans is October 31, 2000. If the loans do not close by this date, the commitment will expire unless the bank agrees in writing to another extension. This amendment updates the original commitment letter to reflect the new closing date.

EX-10.20 13 b35935vpex10-20.txt COMMITTMENT LETTER DATED JULY 18, 2000 1 Exhibit 10.20 [WEBSTER BANK LOGO] VERMONT PURE HOLDINGS, LTD. July 18, 2000 Route 66 Catamount Industrial Park Randolph, Vermont 05060 Attention: Tim Fallon and Peter Baker Re: Financing facilities for the merger of Vermont Pure Holdings, Ltd. and Crystal Rock Spring Water Company Dear Peter and Tim: This is the second amendment to the Commitment Letter Dated April 14, 2000 regarding the above transaction. The date that the loans must close by is extended from August 31, 2000 to not later than October 31, 2000. Thus the second paragraph above the signature line shall now read: "If for any reason the Loans do not close by October 31, 2000, time being of the essence, this Commitment shall lapse and shall be of no further force or effect unless the time for closing is extended to a date certain in writing by the Bank." If you have any questions, please do not hesitate to contact me. Very truly yours, WEBSTER BANK By: /s/ Robert E. Teittinen --------------------------- Robert E. Teittinen Its: Vice President