AMENDMENT # 2 To INVENTORY SECURITY AGREEMENT between Northrim Funding Services, a Division of Northrim Bank & Tully’s Coffee Corporation DATED: November 9, 2006
Exhibit 10.14(b)
AMENDMENT # 2
To INVENTORY SECURITY AGREEMENT between Northrim Funding Services,
a Division of Northrim Bank & Xxxxx’x Coffee Corporation
DATED: November 9, 2006
OBLIGATIONS SECURED:
Paragraph 1 as follows:
The payment of all liabilities due NFS/BANK per the contract of sale and agreement dated November 9, 2006 executed and delivered by CLIENT to NFS/BANK for $3,000,000.00 (The Maximum Purchase Amount)
Is replaced with:
The payment of all liabilities due NFS/BANK per the contract of sale and agreement dated November 9, 2006 executed and delivered by CLIENT to NFS/BANK for $5,000,000.00 (The Maximum Purchase Amount)
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.
Executed this 25th day of June, 2007
At: Seattle, Washington
Xxxxx’x Coffee Corporation
| By: |
/s/ Xxxxxxxxxx X. Xxxxxx |
Date: | 6/25/07 | |||
| Xxxxxxxxxx X. Xxxxxx, Executive Vice President |
Northrim Funding Services, a division of Northrim Bank
Accepted this 25th day of June , 2007, at Bellevue, WA.
| By: |
/s/ Xxxxxx X. Xxxxxx |
|||
| Xxxxxx X. Xxxxxx, Senior Vice President |
| 000 000xx Xxxxxx X.X. Xxxxx 000, Xxxxxxxx, XX 00000 |
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| Telephone (000) 000-0000 Fax (000) 000-0000 |
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