CONTRACT OF SALE & SECURITY AGREEMENTContract of Sale & Security Agreement • July 3rd, 2006 • Tullys Coffee Corp • Retail-eating places • Washington
This Contract of Sale and Security Agreement dated for purposes of reference June 29, 2006 is between the undersigned, Tully’s Coffee Corporation, hereinafter called “CLIENT”, and “Northrim Funding Services, a division of Northrim Bank, hereinafter called “NFS/BANK”, agree as follows:
INVENTORY SECURITY AGREEMENTInventory Security Agreement • July 3rd, 2006 • Tullys Coffee Corp • Retail-eating places • Washington
Client, for consideration of funding by NFS/BANK, hereby grants to the NFS/ BANK a security interest in the following property, and any and all property of a like type now owned or hereafter acquired by CLIENT, together with all additions, substitutions, proceeds, and products there from, and all increases, parts, fittings, accessories, equipment, special tools, renewals, and replacements of all or any part thereof (hereinafter called the ‘Collateral’):
