AMENDMENT #1
Exhibit 10.1
AMENDMENT #1
TO NFS CONTRACT OF SALE & SECURITY AGREEMENT
Dated: June 22, 2005
Definitions:
Paragraph 19 as follows:
Purchase Formula means at any time, and amount equal to 120% of the net amount of all Acceptable/Eligible Accounts.
Is replaced by:
Purchase Formula means at any time, an amount equal to 130% of the net amount of all Acceptable/Eligible Accounts.
This amendment is effective and applicable to invoices purchased under the CONTRACT OF SALE & SECURITY AGREEMENT of even date. All other terms, covenants and conditions will remain in effect and unchanged.
Tullys Coffee Corporation | ||||||||
By: | /s/ Kristopher S. Galvin | Date: July 20, 2005 | ||||||
Kristopher S. Galvin Executive Vice President & CFO |
Northrim Funding Services, a division of Northrim Bank
Accepted this 20th day of July, 2005, at Bellevue, WA
By: | /s/ Daniel J. Lowell | |||||||
Daniel J. Lowell Vice President |
Page 1 | Acknowledgment |