AMENDMENT TO ACCOUNT PURCHASE AGREEMENT
EXHIBIT
10.45
AMENDMENT
TO ACCOUNT PURCHASE AGREEMENT
This
Amendment shall modify that certain Account Purchase Agreement dated November
3,
2005, as amended (the "Agreement"), by and between Xxxxx Fargo Bank, National
Association, acting through its Xxxxx Fargo Business Credit
operating division ("WFBC"), and Natural Soda, Inc. ("Customer").
For
good
and valuable consideration the receipt and sufficiency of which is hereby
acknowledged, WFBC and Customer
agree to amend the Agreement as follows:
The
Account Purchase Agreement date is hereby amended to be December 7,
2005
3.0
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Purchase
Limits: The
maximum outstanding face amount of Accounts purchased by WFBCI
hereunder
is $1,500,000.
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6.06 Minimum
and Origination Fee: Customer
shall pay a Minimum Fee per quarterly in the amount of $18,000 during the
term
of this Agreement (and any extension hereof) and Customer shall pay any
deficiency between the Minimum Fee and
the
fees calculated under Section 2.16 hereof on the 15th day of the next calendar
month. Customer shall pay an origination
fee in the amount of $6,000.00 upon closing of this Agreement, and
at the anniversary date upon each renewal,
in
the
amount of $6,000.00. WFBC agrees, however, that if, after the first 6 months
hereof, Customer obtains financing from any Xxxxx Fargo & Co. entity, that
is utilized for paying off all obligations to WFBC, and ceases selling
Accounts
hereunder, Minimum Fees for the remainder of the then current term shall
be
waived from the date of the full pay off to WFBC or the date selling of Accounts
ceases, whichever is later.
XXXXX
FARGO BANK, NATIONAL ASSOCIATION
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Natural
Soda, Inc.
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By:
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/s/
Kei Lehigh
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By:
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/s/
Xxxx X. Xxxx
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By
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Kei
Lehigh
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By
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Xxxx
X. Xxxx
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Title:
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Vice
President
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Title:
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President
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Date:
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12/19/05
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Date:
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12/19/05
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GUARANTOR
CONSENT AND AGREEMENT
Each
undersigned Guarantor consents to the within Amendment to Account Purchase
Agreement and agrees that
the
execution thereof by WFBC and Customer shall not impair or otherwise affect
Guarantor's obligations and
duties to WFBC with regard to the Agreement, as amended, all of which are
hereby
reaffirmed. This consent and agreement shall be effective as of the effective
date of the Amendment.
/s/
Xxxx X. Xxxx
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(Individually
as Guarantor Xxxx Xxxx)
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Date:
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12/19/05
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