March 25, 2004 Robert M. MacTarnahan Scott MacTarnahan MacTarnahan Limited Partnership 11416 SW Lynnridge Avenue Portland, Oregon 97225 Re: Agreement to Provide Credit Accommodation on behalf of Portland Brewing Company (the "Company") Dear Mac and Scott:Agreement to Provide Credit Accommodation • March 30th, 2004 • Portland Brewing Co /Or/ • Malt beverages
In connection with the Company’s existing line of credit with Washington Mutual Bank (“WAMU”), WAMU has requested additional collateral in the form of a pledged savings account in the amount of $400,000. MacTarnahan Limited Partnership (“MacTarnahan”) has agreed to pledge the savings account and to provide this credit accommodation subject to the terms and conditions of this letter. The parties agree as follows:
