Document:

QuickLinks
 -- Click here to rapidly navigate through this document

 
 

Exhibit 10.6    
  

March 19,
2002 

Marc
Evanger, President and CEO

Tully's Coffee Corporation

3100 Airport Way South

Seattle, WA 98134 

Re:  Early
Termination

        Lessee: Tully's Coffee Corporation

        Lease dated: August 16, 1999 (as amended by Four Lease Amendments)

        For Premises located at: 3100 Airport Way South, Seattle, WA 98134

        Lease termination date: April 14, 2010 

Dear
Marc, 

You
recently indicated a desire to vacate the above leased Premises prior to the expiration of the Lease Term. In an effort to accommodate your request we will begin marketing your space immediately.
You have agreed that if we find a replacement tenant or a buyer who wants to occupy the premises that you will vacate upon notice from us of no less than 150 days. At our request, at the time
you agree to sign a Promissory Note in the form attached to this letter in the amount of the then unamortized portion of the Tenant Improvement cost Reimbursement represented by the Fourth Lease
Amendment, and in that event, on the effective date of the note your rent will be reduced by the amount of your note payment, $14,994/month. 

If
you agree with the above, please approve and return both copies to me. When signed below by both parties, this will constitute an amendment to your lease. 

	LESSEE: Tully's Coffee Corporation	 	 
	 	 	 	 	 
	/s/  MARC EVANGER      
	 	 
	By:	 	Marc Evanger	 	 
	Its:	 	President and CEO	 	 
	 	 	 	 	 
	Sincerely,	 	 
	 	 	 	 	 
	KENT CENTRAL, LLC	 	 
	 	 	 	 	 
	/s/  LARRY BENAROYA      
 Larry Benaroya

Manager	 	 

 
 

PROMISSORY NOTE    
  

	 	 	Dated:	 
	 	 	 	

	 	 	 	Seattle, Washington

        FOR
VALUE RECEIVED, the undersigned, Tully's Coffee Corporation, a Washington corporation ("Maker"), hereby promises to pay to the order of Kent Central, L.L.C., a Washington limited
liability company ("Holder"), located at 1001 Fourth Ave., Suite 4700, Seattle, Washington 98154, or at such other place as the Holder may from time to time designate in writing, the principal sum of
                        /100 Dollars
($                        ), plus interest on the outstanding principal at the rate of Twelve percent (12%) per annum (the "Note
Rate") from the date hereof until fully paid,
payable in the following manner: 

Commencing
on the date of this Note, the First (1st) day of                        , 2002, and on the First (1st) day
of each calendar month thereafter, Maker shall make payments
of principal and interest at the Note Rate to Holder in the amount of Fourteen Thousand Nine Hundred Ninety Four and 00/100 Dollars ($14,994.00) per month until the principal of this Note has been
fully paid. Notwithstanding anything to the contrary contained herein, the entire unpaid principal balance plus accrued interest shall be paid in full on May 14, 2010. All scheduled payments
shall, in the absence of an Event of Default as defined below, be applied first to interest due, and any balance shall be applied in reduction of principal. The principal and interest hereto shall be
payable in lawful money of the United States of America which shall be legal tender for public and private debts at the time of payment. In no event shall the interest rate exceed the legal rate of
interest provided for under the laws of the State of Washington. 

        The
undersigned shall have the right to prepay the principal balance, in whole or in part, at any time. 

        The
following shall be an Event of Default hereunder: 

        Maker
fails to pay any installment of interest and/or principal and/or any other monetary amount when due hereunder. 

        Upon
an Event of Default the entire indebtedness represented hereby shall, at the option of the Holder of this Note without notice, become immediately due and payable. 

        In
addition to the foregoing remedies, the Holder of this Note may collect a "late charge" in an amount equal to five percent (5%) of any installment which is not paid within Three
(3) days of when due, to cover the extra expenses involved in handling delinquent payments. 

        Upon
an Event of Default, until this Note is paid in full, the entire unpaid balance of this Note shall bear interest at eighteen percent (18%) per annum (the "Default Rate"). 

        Maker
promises to pay all costs, expenses and attorneys' fees incurred by Holder in the exercise of any remedy (with or without litigation) under this Note, in any proceeding for the
collection of the debt
evidenced by this Note, or in any litigation or controversy arising from or connected with this Note. Said proceedings include, without limitation, any probate, bankruptcy, receivership, injunction,
arbitration, mediation or other proceeding, or any appeal from or petition for review of any of the foregoing, in which Holder prevails. Maker shall also pay all of Holder's costs and attorneys' fees
incurred in connection with any demand, work-out, settlement, compromise or other activity in which the Holder engages to collect any portion of this debt not paid when due or as a result
of any Event of Default of Maker. If a judgment is obtained thereon which includes an award of attorneys' fees, such attorneys' fees, costs and expenses shall be in such amount as the court shall deem
reasonable, which judgment shall bear interest at the Default Rate from the date it is rendered to and including the date of payment to Holder. 

        The
Maker and any endorsers hereof and all others who may become liable for all or any part of this obligation, agree hereby to be jointly and severally bound, and, except for notices
required to be 

given pursuant to the terms of this Note, jointly and severally waive presentment, protest and demand, notice of protest and demand, notice of dishonor and non-payment of this Note and
any and all lack of diligence or any assignment of this Note or any other agreements evidencing or securing this Note, extension of time, release of any party liable for this obligation, release of
any security for this Note, or any other indulgence or forbearance whatsoever. Any such assignment, extension, release, indulgence or forbearance may be made without notice to the undersigned and
without in any way affecting the personal liability of the undersigned. 

        Delay
in exercising any of the Holder's rights or options hereunder shall not constitute a waiver thereof, and waiver of any right or option shall not constitute a waiver of the right to
exercise the same in the event of any subsequent Event of Default. 

        Subject
to the prohibition on transfer without the prior consent of Holder, the provisions of this Note shall be binding upon and inure to the benefit of the heirs, personal
representatives, successors and assigns of the parties hereto. 

        All
notices and other communications related to this Note shall be in writing and shall be deemed sufficiently given if delivered by personal delivery, by courier or by telephonic
facsimile transmission with automatic confirmation, addressed to Holder at the address specified for payments and to Maker at the address listed below. 

        This
Note shall be construed according to the laws of the State of Washington. 

        Time
is of the essence of this Note and each and every term and provision hereof. 

	 	 	Tully's Coffee Corporation
	 	 	 	 
	 	 	By:	 
	 	 	 	

	 	 	 	 
	ADDRESS:	 	 	 
	 	 	

	 	 	 	 
	 	 	

	 	 	Fax #	 
	 	 	 	

QuickLinks

Exhibit 10.6

PROMISSORY NOTEQuickLinks
 -- Click here to rapidly navigate through this document
  

 
 

Exhibit 10.10    
  

 
 

SECOND AMENDMENT
  TO TULLY'S COFFEE LICENSE AGREEMENT    
  

[*—Material
has been omitted pursuant to a request for confidential treatment in accordance with Rule 24b-2 under the Securities Exchange Act of 1934, as
amended. The redacted material has been filed separately with the Securities and Exchange Commission.] 

        This
Second Amendment to Tully's Coffee License Agreement (the "Second Amendment") is made this    day of February, 2002 by and between TULLY'S COFFEE CORPORATION, a
Washington corporation, doing business at 3100 Airport Way South, Seattle, Washington 98134, U.S.A. ("Licensor"), and TULLY'S COFFEE JAPAN CO., LTD. a company organized under the laws of Japan,
doing business at 3-4-1 Takanawa, Minato-ku, Tokyo, Japan ("Licensee"). Unless otherwise defined in this Second Amendment, capitalized terms used in this Second
Amendment shall have the definitions given to such terms in the License Agreement described in RecitalùA below. 

RECITALS  

        A.    On April 26, 2001, Licensor and Licensee are parties to that certain Tully's Coffee License Agreement dated April 26, 2001, as
amended by that certain First Amendment to Tully's Coffee License Agreement dated October 1, 2001 (collectively, the "License Agreement"), pursuant to which Licensor has granted to Licensee an
exclusive license to use, inter alia, Licensor's know-how, trade secrets, proprietary information and designs, Business Names, and
Trademarks in association with the operation of Tully's Stores in Japan (referred to herein as the "Territory"). 

        B.    In
order to facilitate a roll out of franchised Tully's Stores in the Territory, Licensee and Venture Link Co., Ltd. ("Venture Link") desire to enter into a
franchise business support agreement (the "VL Franchise Business Support Agreement"). In connection with the proposed VL Franchise Business Support Agreement, Licensee has requested that Licensor make
certain adjustments to the franchise royalties due under the License Agreement. 

        NOW,
THEREFORE, the parties hereto agree as follows: 

AGREEMENT  

        1.    Amendment. Section 2 of the License Agreement is hereby amended to add the following
additional paragraph: 

        Pursuant
to the VL Business Franchise Agreement, Licensee has agreed to pay a franchise support royalty equal to [ * ] of all royalty payments
received from franchisees of Tully's Stores in the Territory arranged or obtained pursuant to the VL Business Franchise Agreement (the "VL Frachise Royalty"). Licensor agrees that, with respect to VL
Franchised Stores only, for so long as the VL Franchise Royalty remains at [ * ] or higher, Licensor shall reduce the Licensor Royalty Fee from
[ * ] to [ * ] for such stores. As used herein, the term "VL Franchised Store shall mean a franchised Tully's Store opened
by a franchisee pursuant to the VL Business Franchise Agreement pursuant to which Licensee pays the full VL Franchise Royalty to Venture Link. 

        2.    No Other Changes. Except as specifically set forth in this Second Amendment, the remaining terms and conditions of the
License Agreement, as amended by the First Amendment, shall remain unchanged and shall remain in full force and effect. 

        3.    Conflict. In the event of a conflict between the provisions of this Second Amendment and the License Agreement, the
provisions of this Second Amendment shall prevail. 

1

 

        4.    Counterparts. This Second Amendment may be executed in counterparts, each of which shall constitute an original, but all
of which together shall constitute one and the same document notwithstanding that both parties are not signatories to each counterpart. However, this Second Amendment shall not be enforceable against
a party until a counterpart has been executed by both parties. 

        IN
WITNESS WHEREOF, the parties hereto have executed this Second Amendment as of the day and year first above written. 

	LICENSOR:	 	 
	 	 	 	 	 
	TULLY'S COFFEE CORPORATION	 	 
	 	 	 	 	 
	By:	 	/s/  MARC EVANGER      
 Marc Evanger, its President and CEO	 	 
	 	 	 	 	 
	LICENSEE:	 	 
	 	 	 	 	 
	TULLY'S COFFEE JAPAN, LTD.	 	 
	 	 	 	 	 
	By:	 	/s/  KOUTA MATSUDA      
 Kouta Matsuda, its President	 	 

2

QuickLinks

Exhibit 10.10

SECOND AMENDMENT TO TULLY'S COFFEE LICENSE AGREEMENT

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00040-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00040-of-00352.parquet"}]]