Document:

Amendment to Phantom Stock Long-Term Incentive Plan

 Exhibit 10.10 
  
 AMENDMENT TO 
  
 PHANTOM STOCK LONG TERM INCENTIVE PLAN 
  
 Great Western Bank, an Iowa banking corporation, and
                         (the “Participant”) are parties to a Phantom Stock Long Term Incentive Plan (the
“Plan”) dated                         . 
  
 Due to the adoption of Section 409A of the Internal Revenue Code, the parties deem it advisable to amend the Plan as
follows: 
  
 Section 7 of the Plan is hereby deleted, and the
following is adopted in lieu thereof: 
  
 7.
Payment on Retirement or Disability. The total amount accrued to your account pursuant to paragraph 4 hereof shall be paid to you in 120 equal monthly installments, beginning on the 31st day of January following the year in which you shall
have terminated your employment with Bank due to retirement after having attained an age of not less than 65 years, or in the month following the month in which such employment is terminated due to your becoming disabled, as defined in paragraph 7A
hereof. In the event of termination of employment prior to age 65 for reasons other than disability or death, the monthly payments shall begin in January of the year following the year in which you attain age 65; provided, if, following
termination for such other reasons, you thereafter become disabled, as defined in paragraph 7A hereof, prior to attaining age 65, the Bank shall commence the payments in the month following the month in which such disability is determined, based on
the then present value of the accrued amounts, such present value to be computed based on the then current rate for ten year U.S. Government Bonds. 

 7A. DISABLED: — For purposes of this Plan, a participant shall be considered
disabled if the participant is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of
not less than 12 months. 
  
 The following paragraph shall be
added as an additional Plan provision: 
  
 Amendment. The terms and conditions of this Agreement may be amended only by a written document signed by the parties which expressly amends this Agreement; provided, however, the Employee hereby consents to such
amendments to the Agreement as deemed necessary or appropriate to comply with the applicable requirements of Section 409A of the Internal Revenue Code and the regulations thereunder to assure that the benefits provided by this Agreement are not
includable in the Employee’s gross income before being paid pursuant to this Agreement. 
  
 Except as herein amended, the Plan shall remain in full force and effect. 
  
 Dated January 31, 2005 
  

			
	 GREAT WESTERN BANK
 Clive, Iowa

		
	 By
	 	  

	 	 	 President

		
	 	 	  

	 	 	 Participant

  

 - 2 -Amendment to Bonus Plan

 Exhibit 10.11 
  
 AMENDMENT TO BONUS PLAN 
  
 Great Western Bank, an Iowa banking corporation, and
                         (the “Participant”) are parties to a Bonus Plan dated
                        . 
  
 Due to the adoption of Section 409A of the Internal Revenue Code, the parties deem it advisable to amend the Plan as follows: 
  
 The last three paragraphs of the Bonus Plan dated as set forth above are
hereby deleted and the following substituted in lieu thereof: 
  
 In order to qualify for the bonus, you must remain an employee of the Bank during the entire fiscal year and not have announced a resignation prior to the time for payment of any installment. One-third of each
year’s bonus will be paid as soon as practical after the end of the fiscal year, following receipt of the audited financial statements from independent accountants, but in no event later than two and one-half months after the end of the fiscal
year. One-third will be paid the following June 30, and one-third will be paid on the next subsequent June 30. 
  
 In the event of the termination of your employment, voluntarily or involuntarily, with or without cause, or upon announcement of your
resignation, prior to any payment date, then Great Western Bank will be under no obligation to pay any subsequent payments hereunder or under any Former Bonus Plan. However, in the event of termination of your employment due to your death or
permanent disability (as determined in the sole judgment of the Great Western Bank Board of Directors), prior to a payment date, any amounts accrued for fiscal years ending prior to the date of your death or such disability will be paid to you, if
living, otherwise to a beneficiary designated by you in writing, if any, otherwise to your spouse, if any, otherwise to your estate, when and as payments would otherwise have been payable to you. 
  
 If the foregoing is acceptable to you, please indicate the
same by signing a copy hereof. 
  

					
	 	 	 	 	 GREAT WESTERN BANK

	Approved:	 	 	 	 Clive, Iowa

			
	  

	 	By	 	  

	Participant	 	 	 	 PresidentFirst Amendment to Asset Purchase Agreement

 Exhibit 10.1 
  
 FIRST AMENDMENT TO ASSET PURCHASE AGREEMENT 
  
 This First Amendment to Asset Purchase Agreement (this “Agreement”) is entered into as of August 31,
2005 (the “Effective Date”) by and between Tully’s Coffee Japan Co., Ltd., a corporation organized under the laws of Japan (“Buyer”), and Tully’s Coffee Corporation, a Washington corporation
(“Seller”). Each of Buyer and Seller is a “Party” and together, the “Parties.” 
  
 RECITALS 
  
 A. The Parties entered into an Asset Purchase Agreement (the “Agreement”) as of August 19, 2005. 
  
 B. Buyer and Seller have agreed that the Closing and payment of the purchase
price shall occur no earlier than 12:01 a.m. Tokyo Time on September 1, 2005 and no later than 2:00 p.m. Pacific Daylight Time on August 31, 2005. Assuming such Closing Date, (i) the Parties have also determined that the relevant Tax Filing Date is
October 10, 2005, and (ii) the Seller has instructed Buyer that the KCL Payoff Amount is $1,169,098.72. 
  
 C. Assuming the Closing Date is prior to the filing and acceptance of the Exemption Notice, the Parties acknowledge that (i) the Buyer’s obligations
to pay the Purchase Price at Closing shall be fulfilled if the Buyer wire transfers $1,169,098.72 to KCL and $12,649,746.19 to Seller, subject to the obligations of Seller with respect to the Remitted Amount, and (ii) the Remitted Amount is
$3,681,155.09. 
  
 D. The Parties wish to amend certain provisions
of the Agreement to reflect the treatment of withholding taxes in connection with the Closing. 
  
 NOW, THEREFORE, in consideration of the foregoing and of the mutual promises contained in this Amendment, the Parties hereby agree as follows: 
  
 1. Section 3.7(b) of the Agreement shall be amended and restated to read as follows: 
  
 3.7 Withholding Taxes. 
  
 (b) If the Closing Date occurs after the filing and
acceptance of the Exemption Notice, Buyer shall not withhold any taxes from Seller on the Purchase Price paid to Seller or to KCL after the filing of the Exemption Notice. Buyer and Seller have also independently determined that until such time as
the Exemption Notice is filed with and accepted by the Japanese Tax Office, Japanese income tax withholding would apply to the Purchase Price paid to Seller. Buyer and Seller have determined that if the Exemption Notice is filed and accepted after
the Closing Date but prior to the due date designated by the Japanese Tax Office for the remittance of tax withheld on the Closing Date (the “Tax Filing Date”), Buyer is not required to remit the tax withholding to the
Japanese Tax Office and would be permitted to refund any withheld amounts to Seller. However, if such taxes have been withheld and the Exemption Notice has not been filed with and accepted by the Japanese Tax Office prior to the Tax Filing 

  

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Date, then Buyer would be required to remit the withheld tax to the Japanese Tax Office on the Tax Filing Date and such taxes would be subject to
Seller’s tax refund claim to the Japanese Tax Office, for reasons of the tax treaty exemption, after the Exemption Notice is filed and accepted. If the Closing Date is prior to the filing and acceptance of the Exemption Notice, Buyer shall
deduct and withhold tax at the rate of 20% on the Purchase Price paid to Seller prior to the filing of the Exemption Notice (the “Remitted Amount”); provided that the KCL Payoff Amount will not be adjusted as a result of such
withholding tax and the applicable withholding tax shall decrease the amount of the Purchase Price paid to Seller, and Buyer shall hold the Remitted Amount as custodian for the benefit of Seller until the Remitted Amount has been fully paid to
Seller or to the Japanese Tax Office as described below. If the Exemption Notice is filed with and accepted by the Japanese Tax Office prior to the Tax Filing Date, Buyer shall pay the Remitted Amount, without deduction or offset, to Seller by wire
transfer on or before October 7, 2005. On the Tax Filing Date, if the Remitted Amount has not already been paid to Seller as described in the preceding sentence, Buyer shall pay the Remitted Amount to the Japanese Tax Office using the proper
remittance form, which shall be reviewed with Seller prior to filing, and promptly furnish Seller with official receipt from the Japanese Tax Office evidencing the payment of the Remitted Amount. The Remitted Amount shall be treated as a payment of
the Purchase Price at the time as it is either paid to Seller or paid to the Japanese Tax Office as provided in this Section 3.7; provided, however, that the Remitted Amount does not need to be paid to Seller or paid to the Japanese Tax Office for
the Closing to occur. In the event that the Remitted Amount has been deducted from the payment to Seller and remitted to the Japanese Tax Office pursuant to this paragraph, Seller shall promptly prepare (at its expense) a request for refund of the
Remitted Amount (“Request for Refund”) and will furnish it to Buyer for purposes of filing. Buyer will promptly file (at Seller’s expense) the Request for Refund with the Japanese Tax Office and will notify Seller when
the filing has been made. Buyer shall not be responsible for any failure of Seller to timely furnish the Request for Refund to the Buyer. The refund proceeds paid by the Japanese Tax Office pursuant to the Request for Refund (the “Refund
Amount”) shall be solely for the account of Seller and shall not be an asset of Buyer. In the event that the Japanese Tax Office pays the Refund Amount to Buyer, (1) Buyer shall handle such refund proceeds as custodian for the benefit
of Seller, (2) Buyer shall promptly notify Seller when Buyer receives any such refund proceeds, and (3) Buyer will promptly pay the full amount of such refund proceeds to Seller in the manner reasonably designated by Seller. 
  
 2. Section 7.7 of the Agreement shall be amended and restated to read as
follows: 
  
 7.7 Assignment.
Neither Party may assign, directly or indirectly, this Agreement, or any of its rights or obligations hereunder, to any third party at any time; provided, however, that an “assignment” or “transfer” of this Agreement or a
Party’s rights or obligations hereunder by operation of law (for example, by way of merger, consolidation or corporate split) shall not constitute a violation of this Section’s prohibition; and provided, further, however, that Buyer may
assign this Agreement or its rights or obligations hereunder to an Affiliate of Buyer provided that (i) Buyer shall give Seller prior written notice of such assignment; (ii) such Affiliate shall be bound by the rights and obligations under this
Agreement after such an assignment, and (iii) such Affiliate shall have a tangible net worth equal to or greater than Buyer; provided that subsection (iii) shall not apply after the Refund Amount or Remitted Amount, subject to the Offset Amount, has
been paid, if applicable, or shall otherwise not apply. 
  

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 3. Except as specifically set forth in this Amendment, the remaining terms and conditions of the
Agreement shall remain unchanged and shall remain in full force and effect. In the event of a conflict between the provisions of this Amendment and the Agreement, the provisions of this Amendment shall prevail. 
  
 4. The capitalized terms used in the Amendment, unless specifically defined
otherwise herein, shall have the meanings ascribed to them in the Agreement. 
  
 5. This Amendment may be executed in counterparts, which, when taken together, shall constitute one and the same agreement. 
  
  

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 IN WITNESS WHEREOF, the Parties, by their duly authorized representatives, have executed this
Amendment as of the Effective Date. 
  

									
	SELLER	 	 	 	BUYER
			
	TULLY’S COFFEE CORPORATION	 	 	 	TULLY’S COFFEE JAPAN CO., LTD.
					
	By:	 	 /s/ John D. Dresel
	 	 	 	By:	 	 /s/ Kouta Matsuda

	 Name:
	 	 John D. Dresel
	 	 	 	 Name:
	 	 Kouta Matsuda

	 Title:
	 	 President and COO
	 	 	 	 Title:
	 	 President and CEO

  

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