--------------------------------------------------------------------------------

Exhibit 10.2
 
Execution Version

AMENDMENT NO. 5

TO

ASSET PURCHASE AGREEMENT

December 20, 2016

This Amendment No. 5 (this “Fifth 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, which extended certain dates in the Purchase
Agreement to reflect extensions of time contemplated in the Bidding Procedures
approved by the Bankruptcy Court on October 20, 2016; and

WHEREAS, on November 17, 2016, the Parties entered into that certain Amendment
No. 2 to Asset Purchase Agreement, which amended Section 8.01(c) of the Purchase
Agreement to extend the diligence termination date to November 22, 2016;

WHEREAS, on November 22, 2016, the Parties entered into that certain Amendment
No. 3 to Asset Purchase Agreement, which added a new Article IX.A that addresses
certain franchise matters, which provisions are included in Section hereof, as
modified in accordance with this Fourth Amendment;

WHEREAS, on December 20, 2016, the Parties entered into that certain Amendment
No. 4 to Asset Purchase Agreement, which revised the Purchase Agreement to grant
Purchaser the right to pursue a plan under chapter 11 of the Bankruptcy Code,
among other things; and

WHEREAS, the Parties desire to further amend the Purchase Agreement as set forth
below to reflect the Parties’ agreement concerning the FC Franchise Reserve in
connection with the Bankruptcy Court hearing on December 16, 2016.

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.          The first sentence of Section 9.01A(c) of the Purchase Agreement is
restated in its entirety as follows:

“On the Closing Date, a portion of the cash component of the Purchase Price
equal to $975,000 (the “FC Franchise Reserve”) shall be placed in a separate,
segregated, custodial or escrow account established by Mirick, O’Connell,
DeMallie & Lougee, LLP, which amount shall not be used or distributed for any
other purpose other than in accordance with this Section 9.01A(c) and shall be
released from such account only upon either a joint agreement or instruction of
the Purchaser and Sellers or an order of the Bankruptcy Court.”

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.

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

--------------------------------------------------------------------------------

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. 5 to Asset Purchase Agreement
 

--------------------------------------------------------------------------------

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

 
 
Signature Page to Amendment No. 5 to Asset Purchase Agreement

--------------------------------------------------------------------------------