Coffee Holding Co., Inc. and its wholly owned subsidiary Organic Products Trading Company LLC are party to a Amended and Restated Loan and Security Agreement, as amended dated April 25, 2017, by and among the Borrowers and Webster Bank. As of October 31, 2022, the Company was not in compliance with certain covenants which constituted events of default under the Loan Agreement. On March 15, 2023, Borrowers entered into the Ninth Loan Modification Agreement with the Lender which amended the Loan Agreement to waive the foregoing Events of Default.

The Amendment, among other things: requires for subordination agreements to be executed with the Lender prior to the issuance of any subordinate debt of the Company, if necessary, allows for transactions with Affiliates in the ordinary course of business, establishes a new debt to tangible net worth ratio covenant, and establishes a fixed charge coverage ratio covenant. Other than as modified above, the terms of the Loan Agreement remain in full force and effect.