Amendment No. 2 to Contract of Sale and Security Agreement between Jones Soda (USA), Inc. and Greater Bay Business Funding

Contract Categories: Business Finance › Security Agreements
Summary

Jones Soda (USA), Inc. and Greater Bay Business Funding, a division of Greater Bay Bank N.A., have amended their Contract of Sale and Security Agreement. The amendment updates the name of the financial party and extends the agreement's term until August 25, 2007, unless either party gives at least 30 days' written notice to terminate. The changes apply to invoices purchased after June 25, 2007. All other terms of the original agreement remain unchanged.

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EX-10.1 2 exhibit1.htm EX-10.1 EX-10.1

AMENDMENT # 2
TO CAPCO CONTRACT OF SALE SECURITY AGREEMENT
June 25, 2006

OPENING PARAGRAPH:

As follows:

This Contract of Sale and Security Agreement dated for purposes of reference June 25, 2006; is between the undersigned, Jones Soda (USA), Inc., hereinafter called “CLIENT”, and CAPCO Financial Company — a division of Greater Bay Bank N.A. hereinafter called “CAPCO ”, agree as follows:

Is replaced by:

This Contract of Sale and Security Agreement dated for purposes of reference June 25, 2006; is between the undersigned, Jones Soda (USA), Inc., hereinafter called “CLIENT”, and Greater Bay Business Funding — a division of Greater Bay Bank N.A. hereinafter called “GBBF ”, agree as follows:

CAPCO COVENANTS:

Paragraph 26 as follows:

26. This Agreement shall have an initial term ending with the first full (12) Twelve calendar months and unless terminated by either party giving not less than thirty (30) days prior written notice.

is replaced by:

26. This Agreement shall have an initial term ending with the first full (12) Twelve calendar months, is hereby extended until August 25, 2007 unless terminated by either party giving not less than thirty (30) days prior written notice.

This amendment is effective and applicable to invoices purchased after June 25, 2007. All other terms, covenants and conditions will remain in effect and unchanged.

Greater Bay Busines Funding — a division of Greater Bay Bank N.A.

By:      /s/_Bruce Tretzen     
Title:      Assistant Vice President     

Jones Soda (USA), Inc.

By:      /s/ Hassan N. Natha     
Title: _Chief Financial Officer & Secretary     

Date:      June 25, 2007