FIFTH AMENDMENT TO LOAN ARRANGEMENTLoan Arrangement • March 30th, 2004 • Portland Brewing Co /Or/ • Malt beverages • Oregon
This Fifth Amendment to Loan Arrangement (“Fifth Amendment”) is between Portland Brewing Company, an Oregon corporation (“Borrower”) and MacTarnahan Limited Partnership, an Oregon limited partnership (“Lender”).
BUSINESS LOAN AGREEMENT (ASSET BASED)Portland Brewing Co /Or/ • March 30th, 2004 • Malt beverages • Oregon
References in the shaded area are for Lender's use only and do not limit the applicability of this document to any particular loan or item. Any item above containing "***" has been omitted due to text length limitations.
FOURTH AMENDMENT TO LICENSE AGREEMENTLicense Agreement • March 30th, 2004 • Portland Brewing Co /Or/ • Malt beverages
This Fourth Amendment to License Agreement (“Amendment”), dated as of January 26, 2004, is made and entered into by and among Robert M. MacTarnahan (“MacTarnahan”), Black Lake Investments, LLC, an Oregon limited liability company (“Black Lake”), and Portland Brewing Company, an Oregon corporation (“PBCo”).
DEFERRED REDEMPTION AGREEMENTDeferred Redemption Agreement • March 30th, 2004 • Portland Brewing Co /Or/ • Malt beverages • Oregon
This Deferred Redemption Agreement (“Agreement”) is between Portland Brewing Company, an Oregon corporation (the “Company”), and Karban Development Corporation, an Oregon corporation, and MacTarnahan Portland Brewing Company Voting Trust (individually, a “Preferred Shareholder” and collectively, the “Preferred Shareholders”).
SECOND AMENDMENT TO BUSINESS LOAN AGREEMENT (ASSET BASED)Portland Brewing Co /Or/ • March 30th, 2004 • Malt beverages
References in the shaded area are for Lender's use only and do not limit the applicability of this document to any particular loan or item. Any item above containing "***" has been omitted due to text length limitations.
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:Portland Brewing Co /Or/ • March 30th, 2004 • 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:
FIRST AMENDMENT TO BUSINESS LOAN AGREEMENT (ASSET BASED)Portland Brewing Co /Or/ • March 30th, 2004 • Malt beverages
References in the shaded area are for Lender's use only and do not limit the applicability of this document to any particular loan or item. Any item above containing "***" has been omitted due to text length limitations.
