Document:

UCC Amendment to license

 Exhibit 10.7 
 AMENDMENT TO LICENSE 
 This Amendment to License (“Amendment) is made this
            day of                  , 200   , by and between UCC Ueshima
Coffee Co. Ltd., a Japanese corporation (“UCC”), Tully’s Coffee Corporation, a Washington corporation (“Tully’s”) and Tully’s Coffee Asia Pacific, Inc. (“TCAP”). 
 RECITALS 
 A. UCC and Tully’s entered into
a certain Exclusive License Agreement (the “License Agreement”), dated as of April 11, 2001. 
 B. A dispute arose between UCC and
Tully’s regarding the License Agreement, which was subsequently settled by a Settlement Agreement, dated as of December 28, 2007 (the “Settlement Agreement”). 
 C. Pursuant to that Settlement Agreement, once an initial payment of Two Million U.S Dollars ($2,000,000) was paid to UCC, the parties agreed to amend the License Agreement. 
 D. On                     ,
200     that initial payment was made. 
 Accordingly, the parties agree as follows: 
 AMENDMENT 
 1. Assignment of License Grant.
Subject to UCC’s Asia Rights Security Interest and its security interest reflected in the Settlement Agreement (and Exhibits thereto), all right, title and interest UCC was granted in Tully’s Business Names and Trademarks under the License
Agreement is hereby assigned to Tully’s, which UCC hereby acknowledges Tully’s has already assigned in significant part to TCAP under that certain Tully’s Coffee Exclusive License Agreement, dated as of October 12, 2007. By their
respective signatures below, Tully’s accepts such assignment and UCC approves Tully’s reassignment thereof to TCAP. 
 2. Remaining
Obligations. TCAP and Tully’s agree that UCC shall have no further obligations under the License Agreement. UCC, Tully’s and TCAP hereby agree that Tully’s shall no longer have any obligations to UCC regarding developing or
marketing products, operation or development of Tully’s Stores, providing training or operating assistance under the License Agreement. Tully’s and TCAP may modify the obligations of the Licensee (as defined in the License Agreement) under
the License Agreement, without further consent of UCC. Unless and until UCC receives payment in full of TCAP’s obligations under TCAP’s Promissory Note (the “Note”), dated as of December 28, 2007 (referenced in the
Settlement Agreement), Tully’s and TCAP shall not modify the Licensee’s rights and remedies or the obligations of Tully’s under the License Agreement without UCC’s prior written consent. 
 3. Consideration. Consideration for the assignment referenced above is set forth in the Settlement Agreement and the documents referenced therein, including,
without limitation, TCAP’s obligation to remit to UCC Six Million Dollars ($6 million) under the Note. 
 4. Security Agreement. The Asia Rights
Security Interest shall remain exclusively UCC’s unless and until UCC receives payment in full of TCAP’s obligations under the Note. Tully’s and TCAP acknowledge and agree that the Asia Rights Security Interest originally granted to
UCC under the License Agreement is of continuing validity and in full force and effect and secures performance of Tully’s and TCAP’s obligations referenced in this Amendment, including TCAP’s obligations under the Note. Upon
satisfaction of such obligations, UCC, TCAP and Tully’s agree that the License Agreement will be deemed to be terminated and of no further force and effect. 
  

 - 1 - 

 5. Governing Law; Enforcement; No Jury Trial. The validity, construction, and interpretation of this Amendment
shall be governed by the laws of the State of Washington applicable to contracts made and to be performed wholly within that state. Venue and jurisdiction of any litigation arising out of this Amendment or UCC’s rights to execute on the Asia
Rights Security Interest hereunder or under the License Agreement shall lie in the United States District Court for the Western District of Washington located in Seattle, Washington. The parties hereto hereby submit to the jurisdiction of such
court, and the rights granted under this paragraph may be specifically enforced by either party to this Amendment. Both parties agree that in the event of any litigation arising out of this Amendment, the matters are not suitable for determination
by a jury. All parties hereby waive their right to a jury trial on any matter litigated pursuant to this Amendment, and the waiver set forth herein may be specifically enforced by all other parties to this Amendment. 
 Dated the day and year first above written. 
  

													
	UCC UESHIMA COFFEE CO. LTD.	 		 	TULLY’S COFFEE CORPORATION
					
	By:	 	 	 		 	By:	 	 
		 	Title:	 	 	 		 		 	Title:	 	 
			
		 		 	TULLY’S COFFEE ASIA PACIFIC, INC.
					
		 		 		 	By:	 	 
		 		 		 		 		 	Title:	 	 

  

 - 2 -Amend. No.1 to Amended and Restated Decl. Of Trust and Trust Agreement of Co Reg

 Exhibit 4.2.1 
 AMENDMENT NO. 1 TO THE 
 AMENDED AND RESTATED 
 DECLARATION OF TRUST AND TRUST AGREEMENT 
 OF 
 DB MULTI-SECTOR COMMODITY MASTER TRUST 
 This Amendment No. 1 (“Amendment No. 1”) to the Amended and Restated Declaration of Trust and Trust Agreement, dated as of
November 21, 2006 (the “Declaration of Trust”), of DB Multi-Sector Commodity Master Trust (the “Trust”) by and between DB Commodity Services LLC (the “Managing Owner”) and Wilmington Trust
Company. 
 WHEREAS, the Managing Owner has deemed it advisable for the Trust to amend the Declaration of Trust to memorialize changes
in certain allocation provisions disclosed in the Declaration of Trust as previously agreed to by the Trust and the Managing Owner; 
 WHEREAS, the Managing Owner wishes to amend the Declaration of Trust pursuant to Section 11.1(b)(iii) thereof to give effect to the foregoing. 
 NOW, THEREFORE, in consideration of the premises and of other good and valuable consideration, the receipt and sufficiency of all of which are hereby acknowledged, the Declaration of Trust is amended as
follows: 
  

	 	1.	Section 6.3 of the Declaration of Trust shall be amended and replaced in its entirety as follows: 

 “SECTION 6.3 Daily Allocations. All allocations to Shareholders of items included within the Master Fund’s Profits and Losses
attributable daily shall be allocated solely among the Shareholders recognized as shareholders as of the close of business of each Business Day, as follows: 
 (a) For purposes of maintaining each Master Fund’s Capital Accounts and in determining the rights of the Shareholders among themselves, except as otherwise provided in this Article VI, each item of income, gain,
loss and deduction shall be allocated among Shareholders in accordance with their respective Percentage Interests. 
 (b) Any item of loss or
deduction otherwise allocated to the Managing Owner pursuant to Section 6.3(a) which is in excess of such Managing Owner’s positive Adjusted Capital Account balance (following adjustment to reflect the allocation of all other items for
such period) shall instead be allocated to the other Shareholders in accordance with their respective Percentage Interests to the extent such item of loss or deduction exceeds such Managing Owner’s Adjusted Capital Account balance; provided
that the allocation of any such item to such other Shareholders shall only be made hereunder to the extent the allocation would not result in or increase a negative balance in the Adjusted Capital Account of such other Shareholders. If such an
allocation occurs, items of income or gain that would otherwise be allocated to the Managing Owner equal to the amount of such allocated loss or deduction will be allocated to the other Shareholders in accordance with their Percentage Interests as
quickly as possible. 

 (c) If any Shareholder unexpectedly receives any adjustments, allocations or distributions described in
Treasury Regulation sections 1.704-1(b)(ii)(d)(4), (5) or (6), items of Master Fund income and gain shall be specially allocated to such Shareholder in an amount and manner sufficient to eliminate a deficit in its Adjusted Capital Account
created by such adjustments, allocations or distributions as quickly as possible. This section 6.3(c) is intended to constitute a “qualified income offset” within the meaning of Treasury Regulation section 1.704-1(b)(2)(ii)(d). 

(d) Notwithstanding any other provision of this Agreement, upon or prior to the issuance of additional Shares, the Managing Owner shall have the sole
and complete discretion, without the approval of any other Shareholder, to amend any provision of this Article VI in any manner, as is necessary, appropriate or advisable to comply with any current or future provisions of the Code or the Treasury
Regulations or to implement the terms and conditions of any Shares.” 
  

	 	2.	This Amendment No. 1 to the Declaration of Trust shall be governed by, and construed in accordance with, the laws of the State of Delaware. 

 Remainder of page left blank intentionally. 
  

 2 

 IN WITNESS WHEREOF, this Amendment
No. 1 has been executed for and on behalf of the undersigned as of the 26th day of December, 2007. 
  

			
	DB COMMODITY SERVICES LLC, as
	Managing Owner
		
	By:	 	 /s/ Kevin Rich

	Name:	 	Kevin Rich
	Title:	 	Director and
		 	Chief Executive Officer
		
	By:	 	 /s/ Gregory Collett

	Name:	 	Gregory Collett
	Title:	 	Chief Operating Officer

 Acknowledged: 
  

			
	WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Trustee of the Trust
		
	By:	 	 /s/ James A. Hanley

	Name:	 	James A. Hanley
	Title:	 	Assistant Vice President

  

 3Fourth Amendment to Employment Contract

 Exhibit 10.1 
 FOURTH AMENDMENT TO EMPLOYMENT CONTRACT 
 This FOURTH AMENDMENT (the “Amendment”) is made
and entered into on the 10th day of January, 2008, to that certain Employment Contract between NORWOOD H. DAVIS, III (the “Employee”) and TRX, INC., a Georgia corporation (the
“Company”). 
 WHEREAS, the Employee and the Company previously entered into that certain Employment Contract dated
December 31, 2004, as amended on August 26, 2005, June 30, 2006 and April 5, 2007 (the “Employment Contract”); and 
 WHEREAS, the Employee and the Company desire to amend the Employment Contract to include certain provisions for compliance with Section 409A of the Internal Revenue Code of 1986, as amended, and to clarify
benefits to the Employee in the event of his death or disability; 
 NOW, THEREFORE, for and in consideration of good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the Employee and the Company hereby agree to amend the Employment Contract as follows: 
 1. Section 6(a) of the Employment Contract shall be amended by deleting that section in its entirety and replacing it with the following: 
 “(a) Termination Due to Discharge for Good Cause. This Employment Contract shall terminate immediately upon the discharge of Employee for
“Good Cause”. For the purposes of this Employment Contract, “Good Cause” means any act of fraud or dishonesty (whether or not in connection with the Company’s Business as hereinafter defined), competing with the Business of
the Company either directly or indirectly, the breach of any provision of this Employment Contract by Employee, failure to comply with the decisions of the Company, failure to discharge Employee’s duty of loyalty to the Company, or any other
matter constituting “good cause” under the laws of the State of Georgia. In the event of termination under this section, any earned but unpaid Base Salary and any other benefits provided herein shall be paid to Employee up to the effective
date of termination of this Employment Contract, and not thereafter, and, if not sooner paid, such amount shall be paid in a lump sum payment within thirty (30) days following the date of termination. In addition, subject to the specific
provisions of subsection 3(c), any discretionary bonus determined by the Board for the Employee following his termination of employment for Good Cause shall be payable to the Employee no later than December 31 of the calendar year in which the
Board makes the determination that the Employee is entitled to such bonus.” 
 2. Section 6(b) of the Employment Contract shall be
amended by deleting that section in its entirety and replacing it with the following: 
 “(b) Termination Due to Death or
Disability. This Employment Contract also shall terminate immediately upon the death of the Employee or upon written notice from the Board to the Employee of termination of his employment due to his Disability. For purposes of this paragraph,
the term “Disability” shall mean that, due to a medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, the
Employee has been receiving income replacement benefits for a period of not less than three (3) months under the Company’s short-term and/or long-term disability plan. In the event of termination due to death or Disability under this
section, the Company shall pay the Employee (i) any earned but unpaid Base Salary accrued through the date of termination, plus the Base Salary due the Employee for the remainder of the Term, but in no event for less than twelve
(12) months; (ii) reimbursement for COBRA continuation coverage premiums that the Employee and/or his covered spouse and dependents incur for group health plan coverages for a period of up to eighteen (18) months, (iii) continuation
of the interest reimbursement, plus tax gross-up 

 
described in Section 3(i) of the Contract for the remainder of the then current term of the Contract, and (iv) if the Employee is Disabled, a
continuation of his auto allowance and life insurance reimbursement described in Sections 3(g) and (h) of the Contract for the remainder of the then current Term of the Contract. Such payments shall be made as follows: the amounts payable under
subsection (i) hereof shall be made in a lump sum payment within thirty (30) days following termination of employment, and the amounts payable under subsections (ii) and (iii) shall be made in monthly increments following his
date of termination for the specified period of payment. In addition to the foregoing, upon a termination of the Employee’s employment due to death or Disability, if the stock option set forth in Section 3(l) of this Agreement has not been
granted, it shall be granted on the Employee’s date of termination, and all stock options granted to the Employee by the Company shall immediately become fully exercisable. Notwithstanding the foregoing, for compliance with Section 409A of
the Internal Revenue Code of 1986, no amounts shall be payable to the Employee (or his spouse or dependents) under this subsection (b) before the date that is six (6) months following the date of the Employee’s death or termination of
employment due to Disability provided, however, that the grant or acceleration of vesting of any stock option shall occur on the Employee’s termination date. On the date that is six months following the date of the Employee’s death or
termination of employment hereunder, the Employee (or his spouse or dependents, as applicable) shall be paid a lump sum amount representing the amounts that would have been paid under this section during the 6-month delay period but for the delay
provision, and thereafter, the Employee (or his spouse or dependents, as applicable) shall receive cash payments on the above-specified monthly basis. In addition, subject to the specific provisions of subsection 3(c), any discretionary bonus
determined by the Board for the Employee following his termination of employment due to death or Disability shall be payable no later than December 31 of the calendar year in which the Board makes the determination that the Employee is entitled
to such bonus.” 
 3. Section 6(c) of the Employment Contract shall be amended by adding the following language to the end thereof:

 “Such payments shall be made as follows: the amounts payable under subsection (i) hereof shall be made in a lump sum payment
within thirty (30) days following termination of employment, and the amounts payable under subsections (ii) and (iii) shall be made in monthly increments following his date of termination for the specified period of payment. In
addition to the foregoing, upon a termination of the Employee’s employment without Good Cause, if the stock option set forth in Section 3(l) of this Agreement has not been granted, it shall be granted on the Employee’s date of
termination, and all stock options granted to the Employee by the Company shall immediately become fully exercisable. Notwithstanding the foregoing, for compliance with Section 409A of the Internal Revenue Code of 1986, no amounts shall be
payable to the Employee (or his spouse or dependents) under this subsection (c) before the date that is six (6) months following the date of the Employee’s termination of employment; provided, however, that the grant or acceleration
of vesting of any stock option shall occur on the Employee’s termination date. On the date that is six (6) months following the date of the Employee’s termination of employment hereunder, the Employee (or his spouse or dependents, as
applicable) shall be paid a lump sum amount representing the amounts that would have been paid under this section during the 6-month delay period but for the delay provision, and thereafter, the Employee (or his spouse or dependents, as applicable)
shall receive cash payments on the above-specified monthly basis. In addition, subject to the specific provisions of subsection 3(c), any discretionary bonus determined by the Board for the Employee following his termination of employment due to
termination without Good Cause shall be payable no later than December 31 of the calendar year in which the Board makes the determination that the Employee is entitled to such bonus.” 
 4. Section 6(f) of the Employment Contract shall be amended by adding the following language to the end thereof: 
 “Amounts payable to the Employee under subsections (i) and (ii) hereof shall be made in a lump sum payment. For compliance with
Section 409A of the Internal Revenue Code of 1986, no amounts shall be payable to the Employee (or his spouse or dependents) under this subsection (f) before the date that is six (6) months following the date of the Employee’s
termination of employment after a Change of Control of the Company; provided, however, that the grant or acceleration of vesting of any stock option shall occur on the Employee’s termination date. On the date that is six months following the
date of the Employee’s termination of employment hereunder, the Company shall pay the Employee the entire lump sum amount payable to him under this section. In addition, subject to the specific provisions of subsection 3(c), any discretionary
bonus determined by the Board for the Employee following his termination of employment due to Change in Control shall be payable no later than December 31 of the calendar year in which the Board makes the determination that the Employee is
entitled to such bonus.” 

 5. Except as specifically amended herein, the Employment Contract shall remain in full force and effect.

 6. This Fourth Amendment may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original and
all of which shall constitute the same instrument. 
 IN WITNESS WHEREOF, the parties hereto have executed this Fourth Amendment effective as
of the date specified above. 
  

			
	EMPLOYEE:
		
		 	 /s/ Norwood H. Davis, III

		 	Norwood H. Davis, III
	
	COMPANY:
	
	TRX, INC.
		
	By:	 	 /s/ Johan G. Drechsel

		 	Johan G. Drechsel
		 	Chairman

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