[LOGO OF SEAFIRST BANK APPEARS HERE]
BUSINESS LOAN AGREEMENT
This Business Loan Agreement ("Agreement") is made between Bank of America NT&SA doing business as
Seafirst Bank ("Bank") and USANA, Inc. ("Borrower") with respect to the following:
1. LINE OF CREDIT #1. Subject to the terms of this Agreement, Bank will make loans to Borrower under a
(X) revolving ( ) non-revolving line of credit as follows:
(a) Total Amount Available: $5,000,000 ( ) Subject to the provisions of any accounts receivable and/or inventory
borrowing plan required herein; it is expressly understood that collateral ineligible for borrowing purposes is
determined solely by Bank.
( ) Subject to (describe): N/A
(b) Availability period: May 31, 1998 through May 31, 1999. However, if loans are made an/or new promissory
notes executed after the last date, such advances will be subject to the terms of this Agreement until repaid in full
unless a written statement signed by the Bank and Borrower provides otherwise, or a replacement loan
agreement is executed. The making of such additional advances alone, however, does not constitute a
commitment by the Bank to make any further advances or extend the availability period.
(c) Interest Rate:
(X) Bank's publicly announced Reference Rate plus 0 percent of the
principal per annum. "Reference Rate" means the rate of interest publicly announced from time to time by Bank in
San Francisco, California as its "Reference Rate". The Reference Rate is set based on various factors including
Bank's cost and desired return, general economic conditions, and other factors, and is used as a reference point
for pricing some loans. Bank may price loans to its customers at, above, or below the Reference Rate. Any
change in the Reference Rate shall take effect at the opening of business on the day specified in the public
announcement of a change in the Reference Rate.
(X) At the option of Borrower, loans within the approved commitment may be available, in minimum amount of