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EXHIBIT 10.3
 
Execution Version

AMENDMENT NO. 2
TO
ASSET PURCHASE AGREEMENT

November 17, 2016

This Amendment No. 2 (this “Amendment”) to that certain Asset Purchase Agreement
(as amended, the “Purchase Agreement”), dated as of October 18, 2016, by and
among Cosi, Inc., a Delaware corporation, Hearthstone Partners, LLC, a
Massachusetts limited liability company, Hearthstone Associates, LLC, a
Massachusetts limited liability company, Xando Cosi Maryland, Inc., a Maryland
corporation, and Cosi Sandwich Bar, Inc., a Delaware corporation (each a
“Seller” and collectively, the “Sellers”), and LIMAB LLC, a Delaware limited
liability company (the “Purchaser”). Capitalized terms used and not defined
herein shall have the meanings specified in the Purchase Agreement.

RECITALS

WHEREAS, Section 10.08 of the Purchase Agreement provides that the Purchase
Agreement may be amended, modified or supplemented by written agreement of the
Purchaser and the Sellers (the “Parties”);

WHEREAS, on October 28, 2016, the Parties entered into that certain Amendment
No. 1 to Asset Purchase Agreement (the “First Amendment”), which, among other
things, amended Section 8.01(c) of the Purchase Agreement to extend the
diligence termination date to November 18, 2016; and

WHEREAS, the Parties desire to further amend the Purchase Agreement as set forth
below.

AGREEMENT

NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and
agreements set forth herein and for good and valuable consideration, the receipt
and sufficiency of which is hereby acknowledged, and intending to be legally
bound hereby, the Parties do hereby agree to amend the Purchase Agreement as
follows:

1.           Section 8.01(c) of the Purchase Agreement, as amended by the First
Amendment, is amended to replace “November 18, 2016” with “November 22, 2016”.

2.           No Other Amendments. Except as expressly amended hereby, the
Purchase Agreement is in all respects ratified and confirmed and all the terms,
conditions, and provisions thereof shall remain in full force and effect. This
Amendment is limited precisely as written and shall not constitute an amendment
to any other term or condition of the Purchase Agreement or any of the documents
referred to therein.
 

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3.           Other Miscellaneous Terms. The provisions of Article X (General
Provisions) of the Purchase Agreement shall apply mutatis mutandis to this
Amendment, and to the Purchase Agreement as modified by this Amendment, taken
together as a single agreement, reflecting the terms as modified hereby.

Signature Pages Follow.
 
2

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IN WITNESS WHEREOF, this Amendment has been duly executed and delivered by the
undersigned as of the date first written above.

 
LIMAB LLC
       
By:
/s/ ANDREW BERGER
 
Name:
Andrew Berger
 
Title:
Manager

Signature Page to Amendment No. 2 to Asset Purchase Agreement
 

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IN WITNESS WHEREOF, this Amendment has been duly executed and delivered by the
undersigned as of the date first written above.

 
COSI, INC.
       
By:
/s/ PATRICK BENNETT
 
Name:
Patrick Bennett  
Title:
Interim CEO and President        
HEARTHSTONE PARTNERS, LLC
       
By:
/s/ PATRICK BENNETT
 
Name:
Patrick Bennett  
Title:
Interim CEO and President        
HEARTHSTONE ASSOCIATES, LLC
       
By:
/s/ PATRICK BENNETT
 
Name:
Patrick Bennett  
Title:
Interim CEO and President        
XANDO COSI MARYLAND, INC.
       
By:
/s/ PATRICK BENNETT
 
Name:
Patrick Bennett  
Title:
Interim CEO and President        
COSI SANDWICH BAR, INC.
       
By:
/s/ PATRICK BENNETT
 
Name:
Patrick Bennett  
Title:
Interim CEO and President

Signature Page to Amendment No. 2 to Asset Purchase Agreement
 
 

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