Exhibit 10.1 BUSINESS LOAN AGREEMENT (ASSET BASED) Borrower: Willamette Valley Vineyards, Inc 880 ENCHANTED WAY SE TURNER, OR 97392 Lender: Umpqua Bank Salem Commercial Loan Center C/O Loan Support Services PO Box 1580 Roseburg, OR 97470 THIS BUSINESS...Business Loan Agreement • April 15th, 2005 • Willamette Valley Vineyards Inc • Beverages • Oregon
THIS BUSINESS LOAN AGREEMENT (ASSET BASED) dated December 29, 2004, is made and executed between Willamette Valley Vineyards, Inc ("Borrower") and Umpqua Bank ("Lender") on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement ("Loan"). Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower's representations, warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lender's sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.
