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AMENDMENT NO. 1 TO BUSINESS LOAN AGREEMENT

    This Amendment No. 1 to Business Loan Agreement (this "Amendment") is
entered into as of February 16, 2001, between Tully's Coffee Corporation
("Borrower") and Bank of America, N.A. ("Lender") with reference to the
following:

RECITALS

    A.  Borrower and Lender are parties to that certain Business Loan Agreement
dated as of June 28, 2000 ("the Loan Agreement").

    B.  The parties hereto now desire to amend the Loan Agreement on the terms
and conditions set forth below:

AGREEMENT

    NOW, THEREFORE, the parties hereto agree as follows:

    1.  Definitions.  Capitalized terms used but not defined in this Amendment
shall have the meanings ascribed to them in the Loan Agreement.

    2.  Amendments.  The Loan Agreement shall be amended as follows:

2.1Section 1(b) of Exhibit A to the Loan Agreement is amended in full to read as
follows:

"(b) Commitment: 'Commitment Amount' shall mean $6,000,000.00; provided,
however, that the Commitment Amount shall automatically reduce by $500,000.00 on
each of the following dates: March 1, 2001; April 2, 2001; May 1, 2001, and
June 1, 2001. If the principal amount of loans outstanding at any time exceeds
the Commitment Amount, as reduced, the Borrower will immediately pay to Lender
the amount of such excess."

2.2Section 4.2 of Exhibit A of the Loan Agreement is deleted in its entirety.

2.3Section 4.5 of Exhibit A of the Loan Agreement is deleted in its entirety.

    3.  Representations and Warranties.  Borrower represents and warrants to
Lender that: (i) after giving effect to the waiver being issued by Lender to
Borrower concurrently with this Amendment, no Event of Default under the Loan
Agreement and no event which, with notice or lapse of time or both, would become
an Event of Default, has occurred and is continuing; (ii) after giving effect to
the waiver being issued by Lender to Borrower concurrently with this Amendment,
Borrower's representations and warranties made under the Loan Agreement are true
as of the date hereof; (iii) the making and performance by Borrower of this
Amendment have been duly authorized by all necessary corporate action; and
(iv) no consent, approval, authorization, permit, or license is required in
connection with the making or performance of this Amendment.

    IN WITNESS THEREOF, the parties hereto have executed this Amendment as of
the date first above written.

BANK OF AMERICA, N.A.   TULLY'S COFFEE CORPORATION
By:
 
/s/ NANCY NUERENBERG   

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Nancy Nuerenberg
Senior Vice President
 
By:
 
/s/ RANDY HALTER   

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Name: Randy Halter
Title:  SVP &CFO

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AMENDMENT NO. 1 TO BUSINESS LOAN AGREEMENT