Document:

Amended and Restated 2005 Equity Incentive Plan

 Exhibit 10.46 
 Warner Chilcott Holdings Company, Limited 
 2005 Equity Incentive Plan 
 (Amended and Restated as of August 31, 2006) 

 TABLE OF CONTENTS 
  

  

			
	 	  	PAGE
	 Section 1. Purpose
	  	1
	 Section 2. Administration
	  	1
	 Section 3. Eligibility
	  	1
	 Section 4. Shares Subject To Plan
	  	1
	 Section 5. Awards
	  	2
	 Section 6. Options
	  	3
	 Section 7. Share Appreciation Rights
	  	4
	 Section 8. Share Awards
	  	5
	 Section 9. Share Units
	  	5
	 Section 10. Dividend Equivalent Rights
	  	6
	 Section 11. Payment For Class A Common Shares
	  	6
	 Section 12. Termination Of Service
	  	7
	 Section 13. Adjustment Of Class A Common Shares
	  	7
	 Section 14. Securities Law Requirements
	  	9
	 Section 15. General Terms
	  	9
	 Section 16. Duration And Amendments
	  	10
	 Section 17. Definitions
	  	11
	 Section 18. Miscellaneous
	  	14
		
	 APPENDIX I CALIFORNIA SECURITIES LAW REQUIREMENTS
	  	A-1

  

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 Warner Chilcott Holdings Company, Limited 
 2005 Equity Incentive Plan 
 (Amended and Restated as of August 31, 2006)

 Section 1. Purpose. 
 The purpose
of the Plan is to attract and retain the best available personnel, to provide additional incentive to persons who provide services to the Company and its Subsidiaries, and to promote the success of the Company’s business. Unless the context
otherwise requires, capitalized terms used herein are defined in Section 17. 
 Section 2. Administration. 
 (a) Authority of the Board. The Plan shall be administered by the Board. The Board shall have full authority and sole discretion to take any actions it
deems necessary or advisable for the administration and operation of the Plan, subject to the terms and conditions of the Plan, including, without limitation, the right to construe and interpret the provisions of the Plan or any Award, to provide
for any omission in the Plan, to resolve any ambiguity or conflict under the Plan or any Award, to accelerate vesting of or otherwise waive any requirements applicable to any Award, to extend the term or any period of exercisability of any Award, to
modify the purchase price or exercise price under any Award, to establish terms or conditions applicable to any Award and to review any decisions or actions made or taken by the Board. All decisions, interpretations and other actions of the Board
shall be final and binding on all participants and other persons deriving their rights from a participant. Notwithstanding anything to the contrary herein, no action taken by the Board shall adversely affect in any material respect the rights
granted to any participant under any outstanding Award without the participant’s written consent. Notwithstanding anything to the contrary herein, the Board may, at its discretion, delegate its authorities under the Plan to any officer of the
Company and may subject such delegation to such limits or parameters as it may determine and may revoke such delegation at will. 
 Section
3. Eligibility. 
 The Board is authorized to grant Awards to employees, directors and consultants of the Company or any Subsidiary of the Company.
Employees who have been granted Awards shall be participants in the Plan with respect to such Awards. 
 Section 4. Shares Subject To
Plan. 
 (a) Basic Limitation. Subject to the following provisions of this Section and Section 13, the maximum number of
Class A Common Shares that may be issued pursuant to Awards under the Plan is 14,170,880 Class A Common Shares. 

  

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Class A Common Shares may only be authorized but unissued Class A Common Shares and, unless permitted under Bermuda law, may not be treasury
Class A Common Shares. 
 (b) Additional Class A Common Shares. In the event that any outstanding Award expires, is cancelled or
otherwise terminated, any rights to acquire Class A Common Shares allocable to the unexercised or unvested portion of such Award shall again be available for the purposes of the Plan. In the event that Class A Common Shares issued under
the Plan are reacquired by the Company pursuant to any forfeiture provision, such Class A Common Shares shall again be available for the purposes of the Plan. 
 Section 5. Awards. 
 (a) Types of Awards. The Board may, in its sole discretion, make Awards of one
or more of the following: Options, Share Appreciation Rights, Share Awards, Share Units and Dividend Equivalent Rights. The Company shall make Awards directly or cause one or more of its Subsidiaries to make Awards; provided, however,
that the Company shall be responsible for causing any such Subsidiary to comply with the terms of any Award and the Plan. 
 (b) Award
Agreements. Each Award made under the Plan shall be evidenced by a written agreement, and no Award shall be valid without any such agreement. An Award shall be subject to all applicable terms and conditions of the Plan and to any other terms and
conditions which the Board in its sole discretion deems appropriate for inclusion in the Award agreement provided such terms and conditions are not inconsistent with the Plan. Accordingly, in the event of any conflict between the provisions of the
Plan and any such agreement, the provisions of the Plan shall prevail. Prior to an Initial Public Offering, awards made to California participants shall also be subject to the applicable requirements set forth in Appendix I. Each agreement
evidencing an Award shall provide, in addition to any terms and conditions required to be provided in such agreement pursuant to any other provision of this Plan, the following terms: 
 (i) Number of Class A Common Shares. The number of Class A Common Shares subject to the Award, if any, which number shall be
subject to adjustment in accordance with Section 13 of the Plan. 
 (ii) Price. Where applicable, each agreement shall
designate the price, if any, to acquire any Class A Common Shares underlying the Award, which price shall be payable in a form described in Section 11 and subject to adjustment pursuant to Section 13. 
 (iii) Vesting. Each Award agreement shall specify the dates and events on which all or any installment of the Award shall be vested and

  

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non-forfeitable. Notwithstanding the foregoing, upon a Change in Control any unvested Awards which are subject to a time-based vesting schedule shall be
fully vested and non-forfeitable. Awards which are subject to a performance-based vesting schedule shall not be affected by a Change in Control, i.e. such awards shall not vest automatically upon a Change in Control. 
 (c) No Rights as a Shareholder. A participant, or a transferee of a participant, shall have no rights as a shareholder with respect to any Class A
Common Shares covered by an Award until Class A Common Shares are actually issued in the name of such person (or if Class A Common Shares will be held in street name, to a broker who will hold such Class A Common Shares on behalf of
such person). 
 Section 6. Options. 
 (a) Option Agreement. The Board may, in its sole discretion, grant Options. Each agreement evidencing an Award of Options shall contain the following information, which shall be determined by the Board, in its sole
discretion: 
 (i) ISO/Nonstatutory Option. Each agreement shall designate an Option as either an ISO or a Nonstatutory Option
(provided that an Option shall be a Nonstatutory Option unless the applicable award agreement specifically designates such Option as an ISO). 
 (ii) Exercisability. Each agreement shall specify the dates and events when all or any installment of the Option becomes exercisable. 
 (iii) Term. Each agreement shall state the term of each Option (including the circumstances under which such Option will expire prior to
the stated term thereof), which shall not exceed ten years from the date of grant or (in respect of an ISO) such shorter term as may be required by Section 6(b)(iii) below for Ten Percent Class A Common Shareholders. 
 (b) Special ISO Rules. The following rules apply to ISO grants in addition to any other rule that may apply under this Plan: 
 (i) ISO Participants. ISOs may only be granted to employees of the Company or a Subsidiary thereof. 
 (ii) Exercise Price. The exercise price of an ISO shall not be less than 100% of the Fair Market Value of a Class A Common Share on
the date of grant or such higher price as may be required by Section 6(b)(iii) below for Ten Percent Class A Common Shareholders. 
  

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 (iii) Ten Percent Class A Common Shareholders. An individual who owns more than ten
percent of the total combined voting power of all classes of outstanding stock of the Company or any of its Subsidiaries (a “Ten Percent Class A Common Shareholder”) shall not be eligible for designation as a participant under
an ISO unless (A) the exercise price is at least 110% of the Fair Market Value of a Class A Common Share on the date of grant and (B) the ISO is not exercisable after the expiration of five years from the date of grant. In determining
stock ownership for purposes hereof, the attribution rules of Section 424(d) of the Code shall apply. 
 (iv) Dollar
Limitation. The aggregate Fair Market Value of Class A Common Shares (determined as of the respective date or dates of grant) for which one or more Options granted to any participant under the Plan (or any other option plan of the Company or
any Subsidiary thereof) may for the first time become exercisable as ISOs during any one calendar year shall not exceed the sum of $100,000. To the extent a participant holds two or more Options which become exercisable for the first time in the
same calendar year, such Options shall qualify as ISOs on the basis of the order in which such Options were granted. 
 (v)
Failure to Qualify. If all or a portion of an Award granted as an ISO fails (or later ceases to) qualify as an ISO, such Option or portion thereof shall be treated as a Nonstatutory Option. 
 Section 7. Share Appreciation Rights. 
 (a) Generally. The Board may, in its sole discretion, grant “Share Appreciation Rights”, including a concurrent grant of Share Appreciation Rights in tandem with any Option. A Share Appreciation Right means a right to receive a
payment in cash, Class A Common Shares or a combination thereof in an amount equal to the excess of (i) the Fair Market Value, or other specified valuation, of a number of Class A Common Shares on the date the right is exercised over
(ii) the Fair Market Value, or other specified valuation, of such Class A Common Shares on the date the right is granted. If a Share Appreciation Right is granted in tandem with or in substitution for an Option, the designated Fair Market
Value in the Award agreement shall reflect the Fair Market Value of the Class A Common Shares underlying the Awards on the date the Option is granted. 
 (b) Share Appreciation Rights Award Agreement. Each agreement evidencing an Award of Share Appreciation Rights shall contain the following information, which shall be determined by the Board, in its sole discretion:

 (i) Base Value. Each agreement shall specify the base value of the Class A Common Shares above which a participant
shall be entitled to share in the appreciation in the value of such Class A Common Shares. 
  

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 (ii) Exercisability. Each agreement shall specify the dates and events when all or any
installment of the Share Appreciation Rights becomes exercisable. 
 (iii) Term. Each agreement shall state the term of each
Share Appreciation Right (including the circumstances under which such Share Appreciation Right will expire prior to the stated term thereof), which shall not exceed ten years from the date of grant. 
 Section 8. Share Awards. 
 (a)
Generally. The Board may, in its sole discretion, make “Share Awards” by granting or selling Class A Common Shares under the Plan. Each Share Award agreement shall set forth the applicable dates and/or events on which all or any
portion of the Share Awards shall be vested and non-forfeitable. Payment in Class A Common Shares of all or a portion of any bonus under any other arrangement may be treated by the Board as an Award of Class A Common Shares under the Plan.
A Share Award shall not be deemed made until accepted by a participant in a manner described by the Board at the time of grant. 
 (b) No
Purchase Price Necessary. In lieu of a purchase price, and except as required by applicable law, a Share Award may be made in consideration of services previously rendered by a participant to the Company or its Subsidiaries thereof. 
 Section 9. Share Units. 
 (a)
Generally. The Board may, in its sole discretion, grant “Share Units”, which in each case shall be a notional account representing Class A Common Shares. Each Share Unit agreement shall set forth the applicable dates and/or events on
or after which all or any portion of the Share Unit Award may be settled. 
 (b) Settlement of Share Units. Share Units shall be settled in
Class A Common Shares unless the agreement evidencing the Award expressly provides for settlement of all or a portion of the Share Units in cash equal to the value of the Class A Common Shares that would otherwise be distributed in
settlement of such units. Class A Common Shares distributed to settle a Share Unit may be issued with or without payment or consideration therefor, except as may be required by applicable law or the Board in its sole discretion as set forth in
the agreement evidencing the Award. The Board may, in its sole discretion, establish 

  

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a program to permit participants to defer payments and distributions made in respect of Share Units. 
 Section 10. Dividend Equivalent Rights. 
 (a) Generally. The Board may, in its sole discretion, grant Dividend Equivalent Rights with respect to any Award. 
 (b) Settlement
of Dividend Equivalent Rights. Dividend Equivalent Rights may be settled in cash, Class A Common Shares, or other securities or property, all as provided in the Award agreement. The Board may, in its sole discretion, grant share units, which in
each case shall be a notional account representing Class A Common Shares. The Board may, in its sole discretion, establish a program to permit participants to defer payments and distributions made in respect of Dividend Equivalent Rights.

 Section 11. Payment For Class A Common Shares. 
 (a) General Rule. The purchase price of Class A Common Shares issued under the Plan shall be payable in cash or personal check at the time when such Class A Common Shares are purchased, except as otherwise
provided in this Section 11. 
 (b) Surrender of Class A Common Shares. At the sole discretion of the Board, all or any part of the
purchase price and any applicable withholding requirements may be paid by surrendering, or attesting to the ownership of, Class A Common Shares that are already owned by the participant. Such Class A Common Shares shall be surrendered to
the Company in good form for transfer and shall be valued at their Fair Market Value on the date when the Award is exercised. The participant shall not surrender, or attest to the ownership of, Class A Common Shares in payment of any portion of
the purchase price (or withholding) if such action would cause the Company or any Subsidiary thereof to recognize a compensation expense (or additional compensation expense) with respect to the applicable Award for financial reporting purposes,
unless the Board consents thereto. 
 (c) Services Rendered. At the sole discretion of the Board, and except as required by applicable law,
Class A Common Shares may be awarded under the Plan in consideration of services rendered to the Company or a Subsidiary thereof prior to or after the Award. 
 (d) Net Exercise. At the sole discretion of the Board on or after an Initial Public Offering, payment of all or any portion of the purchase price under 

  

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any Award under the Plan and any applicable withholding requirements may be made by reducing the number of Class A Common Shares otherwise deliverable
pursuant to the Award by the number of such Class A Common Shares having a Fair Market Value equal to the purchase price. 
 (e)
Exercise/Sale. At the sole discretion of the Board on or after an Initial Public Offering, payment may be made in whole or in part by the delivery (on a form prescribed by the Company) of an irrevocable direction (i) to a securities broker
approved by the Company to sell Class A Common Shares and to deliver all or part of the sales proceeds to the Company, or (ii) to pledge Class A Common Shares to a securities broker or lender approved by the Company as security for a
loan, and to deliver all or part of the loan proceeds to the Company, in each case in payment of all or part of the purchase price and any withholding requirements. 
 (f) Discretion of Board. Should the Board exercise its sole discretion to permit the participant to pay the purchase price under an Award in whole or in part in accordance with Section 11(b) through
(e) above, it shall not be bound to permit such alternative method of payment for the remainder of any such Award or with respect to any other Award or participant under the Plan. 
 Section 12. Termination Of Service. 
 (a) Termination of Service. If a participant’s Service terminates for any reason, then the Award shall be subject to the rights of repurchase, and the other provisions, set forth in the written agreement with the participant governing
such Award. 
 (b) Leave of Absence. For purposes of this Section 12, Service shall be deemed to continue while a participant is a bona
fide leave of absence, if such leave is approved by the Company in writing or if continued crediting of service for this purpose is expressly required by the terms of such leave or by applicable law (as determined by the Board). 
 Section 13. Adjustment Of Class A Common Shares. 
 (a) General. If there shall be a Recapitalization, an adjustment shall be made to each outstanding Award such that each such Award shall thereafter be exercisable or payable, as the case may be, in such securities,
cash and/or other property as would have been received in respect of Class A Common Shares subject to, or referenced by, such Award had such Award been exercised and/or settled in full immediately prior to such Recapitalization and such an
adjustment shall be made successively each time any such change shall occur. In addition, in the event of any Recapitalization, the Board will adjust, in a fair and equitable manner, the number of Class A Common Shares that may be issued under
the 

  

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Plan, the number of Class A Common Shares subject to outstanding Awards, and the purchase price applicable to outstanding Awards to prevent dilution or
enlargement of participants’ rights under the Plan and outstanding Awards. Should the vesting of any Award be conditioned upon the Company’s attainment of performance conditions, the Board may, in a fair and equitable manner, make such
adjustments to the terms and conditions of such Awards and the criteria therein to recognize unusual and nonrecurring events affecting the Company or in response to changes in applicable laws, regulations or accounting principles. Notwithstanding
the foregoing, the Board shall not without a participant’s consent make any adjustment to an ISO that does not comply with the rules of Section 424(a) of the Code or would otherwise cause the ISO to fail to qualify as an ISO for purposes
of Section 422 of the Code. 
 (b) Mergers and Consolidations. In the event that the Company is a party to a merger or consolidation,
outstanding Awards shall be subject to the agreement of merger or consolidation. Subject to the terms of the applicable Award agreement, the agreement with respect to such merger or consolidation, without the participants’ consent, may provide
for: 
 (i) The continuation or assumption of such outstanding Awards under the Plan by the Company (if it is the surviving
entity) or by the surviving entity or its direct or indirect parent; 
 (ii) The substitution by the surviving entity or its
direct or indirect parent of share awards with substantially the same terms and economic value for such outstanding Awards; 
 (iii) The acceleration of the vesting of or right to exercise such outstanding Awards immediately prior to or as of the date of the merger or consolidation, and the expiration of such outstanding Awards to the extent not timely exercised or
purchased by the date of the merger or consolidation or other date thereafter designated by the Board, after reasonable advance written notice thereof to the holder of each such Award; or 
 (iv) The cancellation of all or any portion of such outstanding Awards; provided that, with respect to “in-the-money” Awards,
such cancellation must be made in exchange for a cash payment of the excess of the fair market value of the Class A Common Shares subject to such outstanding Awards or portion thereof being canceled over the purchase price, if any, with respect
to such Awards or portion thereof being canceled. 
  

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 Section 14. Securities Law Requirements. 
 (a) Class A Common Shares Not Registered. Class A Common Shares shall not be issued under the Plan unless the issuance and delivery of such
Class A Common Shares comply with (or are exempt from) all applicable requirements of law, including (without limitation) the Securities Act, state or foreign securities laws and regulations, and the regulations of any stock exchange or other
securities market on which the Company’s securities may then be traded. The Company shall not be obligated to file any registration statement under any applicable securities laws to permit the purchase or issuance of any Class A Common
Shares under the Plan, and accordingly any certificates for Class A Common Shares may have an appropriate legend or statement of applicable restrictions endorsed thereon. Each participant and any person deriving its rights from any participant
shall, as a condition to the purchase or issuance of any Class A Common Shares under the Plan, deliver to the Company an agreement or certificate containing such representations, warranties and covenants as the Company may deem necessary or
appropriate to ensure that the issuance of Class A Common Shares is not required to be registered under any applicable securities laws. 
 (b) California Participants. Prior to an Initial Public Offering, if an Award shall be made to a participant based in California, then such Award shall meet the additional requirements set forth in Appendix I. 
 (c) United Kingdom Participants: At any time, if an Award shall be made to a participant based in the United Kingdom, such Award shall be subject to the
additional terms and conditions set forth in Appendix II. 
 Section 15. General Terms. 
 (a) Nontransferability of Awards. No Award may be transferred, assigned, pledged or hypothecated by any participant except in compliance with the terms
of the agreement governing such Award. The exercisability of an Option or other right to acquire Class A Common Shares under the Plan by someone other than the participant shall be governed by the agreement pursuant to which such Option was
granted. 
 (b) Restrictions on Transfer of Class A Common Shares. Any Class A Common Shares issued under the Plan shall be subject
to such vesting and special forfeiture conditions, repurchase rights, rights of first offer and other transfer restrictions as the Board may determine. Such restrictions shall be set forth in the applicable Award agreement and shall apply in
addition to any restrictions that may apply to holders of Class A Common Shares generally. 
 (c) Withholding Requirements. As a
condition to the receipt or purchase of Class A Common Shares pursuant to an Award, a participant shall make such arrangements as the Board may require for the satisfaction of any federal, state, local or foreign withholding obligations that
may arise in 

  

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connection with such receipt or purchase. The participant shall also make such arrangements as the Board may require for the satisfaction of any federal,
state, local or foreign withholding obligations that may arise in connection with the disposition of Class A Common Shares acquired pursuant to an Award. 
 (d) No Retention Rights. Nothing in the Plan or in any Award granted under the Plan shall confer upon a participant any right to continue in Service for any period of specific duration or interfere with or otherwise
restrict in any way the rights of the Company (or any Subsidiary thereof employing or retaining the participant) or of the participant, which rights are hereby expressly reserved by each, to terminate his or her Service at any time and for any
reason, with or without cause. 
 (e) Unfunded Plan. Participants shall have no right, title or interest whatsoever in or to any investments
which the Company may make to aid it in meeting its obligations under the Plan. Nothing contained in the Plan, and no action taken pursuant to its provisions, shall create or be construed to create a trust of any kind, nor a fiduciary relationship
between the Company and any participant, beneficiary, legal representative or any other person. To the extent that any person acquires a right to receive payments from the Company under the Plan, such right shall be no greater than the rights of an
unsecured general creditor of the Company. All payments to be made hereunder shall be paid from the general funds of the Company and no special or separate fund shall be established and no segregation of assets shall be made to assure payment of
such amounts. The Plan is not intended to be subject to the Employee Retirement Income Security Act of 1974, as amended. 
 Section 16.
Duration And Amendments. 
 (a) Term of the Plan. The Plan, as set forth herein, shall become effective on the date of its adoption by
the Board of Directors of the Company, subject to (i) the approval of the holders of a majority of the Class A Common Shares and (ii) any other shareholder approval required pursuant to the Sponsor Shareholders Agreement to the extent
then in effect. If the requisite shareholder approvals set forth in the immediately preceding sentence to approve the Plan are not obtained within 12 months of its adoption by the Board of Directors of the Company, any Awards that have already been
made shall be rescinded, and no additional Awards shall be made thereafter under the Plan. The Plan shall terminate automatically on the day preceding the tenth anniversary of its adoption by the Board of Directors of the Company unless earlier
terminated pursuant to Section 16(b) below. 
 (b) Right to Amend or Terminate the Plan. The Board may amend, suspend or terminate the
Plan at any time and for any reason; provided, however, that any amendment of the Plan (except as provided in Section 13) which 

  

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increases the maximum number of Class A Common Shares available for issuance under the Plan in the aggregate, changes the legal entity authorized to
make Awards under this Plan from the Company (or its successor) to any other legal entity or which materially changes the class of persons who are eligible for the grant of ISOs, shall be subject to: (i) the approval of the holders of a
majority of the Class A Common Shares and (ii) any other shareholder approval required pursuant to the Sponsor Shareholders Agreement to the extent then in effect. Except as may be required by the Sponsor Shareholders Agreement to the
extent then in effect or as the Board may deem necessary or desirable in order to comply with any applicable law, approval of the holders of the Class A Common Shares shall not be required for any other amendment of the Plan. 
 (c) Effect of Amendment or Termination. Any amendment of the Plan shall not adversely affect in any respect any participant’s rights under any Award
previously made or granted under the Plan without the participant’s consent. No Class A Common Shares shall be issued or sold under the Plan after the termination thereof, except pursuant to an Award granted prior to such termination. The
termination of the Plan shall not affect any Awards outstanding on the termination date. 
 (d) Modification, Extension and Assumption of
Awards. Within the limitations of the Plan, the Board may modify, extend or assume outstanding Awards or may provide for the cancellation of outstanding Awards in return for the grant of new Awards for the same or a different number of Class A
Common Shares and at the same or a different price. The foregoing notwithstanding, no modification of an Award shall, without the consent of the participant, impair the participant’s rights or increase the participant’s obligations under
such Award or impair the economic value of any such Award. 
 Section 17. Definitions. 
 (a) “Affiliate” shall mean, with respect to any Person, any other Person who, directly or indirectly, controls such first Person or is
controlled by said Person or is under common control with said Person, where “control” means the power and ability to direct, directly or indirectly, or share equally in or cause the direction of, the management and/or policies of a
Person, whether through ownership of voting shares or other equivalent interests of the controlled Person, by contract (including proxy) or otherwise. 
 (b) “Award” shall mean the grant of an Option, Share Appreciation Right, Share Award, Share Unit, or Dividend Equivalent Right under the Plan. 
 (c) “Board” shall mean the Board of Directors of the Company, as constituted from time to time, or if such Board of Directors has
appointed a Compensation Committee to administer the Plan that is composed of two or more 

  

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directors, each of whom is both an “outside director” (within the meaning of Section 162(m) of the Code) and a “non-employee
director” (within the meaning of Rule 16b-3 under the Exchange Act), the Compensation Committee. 
 (d) “Change in
Control” shall mean the occurrence of: 
 (i) any Person other than the Company, its Affiliates, an employee benefit
plan or trust maintained by the Company or its affiliates, or the “Sponsors” (as defined in the Management Shareholders Agreement) becoming the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or
indirectly, of more than 50% of the combined voting power of the Company’s then outstanding securities (excluding any Person who becomes such a beneficial owner in connection with a transaction described in clause (A) of paragraph
(iii) below); 
 (ii) at any time during a period of twelve consecutive months, individuals who at the beginning of such
period constituted the Board ceasing for any reason to constitute at least a majority thereof, unless the election by the Company’s shareholders of each new director during such twelve-month period was approved by a vote of at least a majority
of the directors then still in office who were directors at the beginning of such twelve-month period; or 
 (iii) the
consummation of (A) a merger or consolidation of the Company or any direct or indirect subsidiary of the Company with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company
outstanding immediately prior to such merger or consolidation continuing to represent (either by remaining outstanding or being converted into voting securities of the surviving entity or any parent thereof) at least 50% of the combined voting power
or the total fair market value of the securities of the Company or such surviving entity or any parent thereof outstanding immediately after such merger or consolidation, or (B) any sale, lease, exchange or other transfer (in one transaction or
a series of transactions) of assets of the Company having a total gross fair market value equal to more than 50% of the total gross fair market value of all assets of the Company immediately prior to such transaction or transactions. 
 (e) “Class A Common Share” shall mean one Class A ordinary share of the Company, par value $.01. 
 (f) “Code” shall mean the Internal Revenue Code of 1986, as amended, and the rules and regulations promulgated thereunder. 

(g) “Company” shall mean Warner Chilcott Holdings Company, Limited, an exempted Bermuda limited company. 
  

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 (h) “Dividend Equivalent Right” shall mean an Award that entitles the holder to receive
for each eligible Class A Common Share that is subject to (or referenced by) such Award an amount equal to the dividends paid on one Class A Common Share at such time as dividends are otherwise paid to shareholders of the Company holding
Class A Common Shares or, if later, when the Award becomes vested. 
 (i) “Exchange Act” means the Securities Exchange
Act of 1934, as amended, and the rules and regulations promulgated thereunder. 
 (j) “Fair Market Value” shall mean the
fair market value of a Class A Common Share, as determined by the Board in good faith. Such determination shall be conclusive and binding on all persons. 
 (k) “Initial Public Offering” shall mean the initial Public Offering registered on Form S-1 (or any successor form under the Securities Act). 
 (l) “ISO” shall mean an “incentive stock option” described in Section 422(b) of the Code. 
 (m) “Management Shareholders Agreement” shall mean that certain Management Shareholders Agreement dated as of the date hereof by and
among the Company, Warner Chilcott Holdings Company II, Limited, Warner Chilcott Holdings Company III, Limited and the other parties thereto (as the same shall be amended, supplemented or modified from time to time) to the extent then in force.

 (n) “Nonstatutory Option” shall mean a “stock option” not described in Sections 422(b) of the Code. 

(o) “Option” shall mean an ISO or Nonstatutory Option granted under the Plan and entitling the holder to purchase Class A Common
Shares. 
 (p) “Person” shall mean an individual, corporation, limited liability company, partnership, association, trust or
other entity or organization. 
 (q) “Plan” shall mean this Warner Chilcott Holdings Company, Limited 2005 Equity Incentive
Plan (Amended and Restated as of                     , 2006). 
 (r) “Public Offering” shall mean an underwritten public offering of Class A Common Shares pursuant to an effective registration statement under the Securities Act, other than pursuant to a
registration statement on Form S-4 or Form S-8 or any similar or successor form. 
 (s) “Recapitalization” shall mean an
event or series of events affecting the capital structure of the Company including, but not limited to, a share split, reverse share split, share dividend (subject to the exclusion below), spin-off, 

  

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recapitalization, combination or reclassification of the Company’s securities, but shall exclude any share dividend to the extent the treatment of a
stock dividend is covered in the agreement governing the Award. 
 (t) “Securities Act” means the Securities Act of 1933, as
amended, and the rules and regulations promulgated thereunder. 
 (u) “Service” shall mean service as an employee, director
or consultant of the Company or any Subsidiary thereof. 
 (v) “Sponsor Shareholders Agreement” means that certain
Shareholders Agreement dated as of January 18, 2005, by and among the Company, Warner Chilcott Holdings Company II, Limited, Warner Chilcott Holdings Company III, Limited, Bain Capital Integral Investors II, L.P., DLJMB Overseas Partners III,
C.V., J.P. Morgan Partners (BHCA), L.P., Thomas H. Lee (Alternative) Fund V; L.P. and the other parties thereto (as such agreement may be amended, modified or supplemented from time to time) to the extent then in effect. 
 (w) “Share Appreciation Right” shall have the meaning described in Section 7(a). 
 (x) “Share Award” shall have the meaning described in Section 8(a). 
 (y) “Share Unit” shall have the meaning described in Section 9(a). 
 (z) “Subsidiary” shall mean, with respect to any specified Person, any other Person in which such specified Person, directly or
indirectly through one or more Affiliates or otherwise, beneficially owns at least 50% of either the ownership interest (determined by equity or economic interests) in, or the voting control of, such other Person. 
 Section 18. Miscellaneous. 
 (a)
Choice of Law. All issues concerning the relative rights of the Company and any Participants with respect to each other shall be governed by the laws of Bermuda. All other issues concerning the construction, validity and interpretation of this
Agreement shall be governed by, and construed in accordance with, the laws of the State of New York applicable to contracts made and performed entirely within such state, without regard to the conflicts of laws rules of such state. Any legal action
or proceeding with respect to the Plan shall be brought in the courts of the United States for the Southern District of New York. 
  

 14 

 (b) Execution. To record the adoption of the Plan by the Board of Directors of the Company, the Company
has caused its authorized officer to execute the same. 
  

 15 

					
	 WARNER CHILCOTT HOLDINGS COMPANY,
LIMITED

		
	 By:
	 	 /s/ Roger M. Boissonneault

		 	 Name:
	 	 Roger M. Boissonneault

		 	 Title:
	 	 President

  

 16 

 APPENDIX I 
 CALIFORNIA SECURITIES LAW REQUIREMENTS. 
 The terms of this Appendix I apply only to Awards made prior to an Initial
Public Offering that would be subject to Section 25110 of the California Corporations Code or any successor law but for the exemption contained in Section 25102(o) of the California Corporation Code (or any successor law). For purposes of
determining the applicability of the California securities law requirements contained in this Appendix, all Awards shall be deemed made in the State in which the participant is principally employed by the Company or any Subsidiary thereof (as
determined by the employer’s records) on the date of grant or issuance of the Award. Except as modified by the provisions of this Appendix I, all the other relevant provisions of the Plan shall be applicable to such Awards. 
 (i) Number of Securities. At no time shall the total number of securities issuable upon exercise of all outstanding Options and the
total number of Class A Common Shares provided for under this or any share bonus or similar plan or agreement of the Company exceed the applicable percentage calculated in accordance with Title 10 California Code of Regulations, Chapter 3,
Subchapter 2, Article 4, Subarticle 4, Section 260.140.45. 
 (ii) Exercise Price. The exercise price of an Option
shall not be less than 85% of the Fair Market Value on the date of grant (110% of the Fair Market Value on the date of grant for an Option granted to Ten Percent Class A Common Shareholders). 
 (iii) Purchase Price. The purchase price of an Award of Class A Common Shares shall not be less than 85% of the Fair Market
Value on the date of issuance (100% of the Fair Market Value on the date of issuance for an Award granted to Ten Percent Class A Common Shareholders). 
 (iv) Vesting and Exercisability. Except in the case of an Option granted to a consultant, officer of the Company (or any Subsidiary thereof), or any member of the Board of Directors of the Company, each Option
shall become exercisable and vested with respect to at least 20% of the total number of Class A Common Shares subject to such Option each year, beginning no later than one year after the date of grant. 
  

 APPENDIX I - 1 

 (v) Repurchase Rights. Except in the case of an Award granted or issued to a
consultant, officer of the Company (or any Subsidiary thereof), or any member of the Board of Directors of the Company, any rights of the Company to repurchase Class A Common Shares acquired under the Plan applicable to a participant whose
Service terminates: 
 (A) Shall be exercised by the Company (if at all) within 90 days after the date the participant’s
Service terminates (or for Class A Common Shares upon the exercise of an Award after Service terminates, within 90 days after the date of such exercise) and shall terminate on the date of an Initial Public Offering, and 
 (B) Shall lapse at the rate of at least 20% of the Class A Common Shares subject to such Award per year (regardless of the portion of
the Award exercised or exercisable), with the initial lapse to occur no later than one year after the date of grant, to the extent the repurchase right permits repurchase at less than Fair Market Value. Any repurchase right shall not be exercisable
for less than the original purchase price paid by a participant. 
 (vi) Limited Transferability Rights. 
 (A) A Nonstatutory Option or other right to acquire Class A Common Shares (other than an ISO) may, to the extent permitted by the
Board, be assigned in whole or in part during the participant’s lifetime (1) as a gift to one or more members of the participant’s immediate family or (2) by instrument to an inter vivos or testamentary trust in which such Award
is to be passed to beneficiaries upon the death of the trustor (settlor). The terms applicable to the assigned portion shall be the same as those in effect for the Award immediately prior to such assignment and shall be set forth in such documents
issued to the assignee as the Board may deem appropriate. 
 (B) Except as provided in Subsection (A) above, an Award may
not be assigned or transferred other than by will or by the laws of descent and distribution following the participant’s death. 
 (vii) Financial Reports. The Company shall deliver a financial statement at least annually to each participant holding Awards or Class A Common Shares issued under the Plan, unless such participant is a key employee whose duties
in connection with the Company assure such individual access to equivalent information. 
  

 APPENDIX I - 2 

 APPENDIX II 
 UNITED KINGDOM LAW REQUIREMENTS. 
 Any participant in the Plan who is based in the United Kingdom shall participate
in the Plan on the following additional terms and conditions: 
  

	 	1.	It shall be a condition of issue of any Class A Common Shares that the participant must, if required by the Company, enter into an election under section 431(1) of the Income
Tax (Earnings and Pensions) Act 2003 in respect of any or all Class A Common Shares acquired by the participant under the Plan. 

  

	 	2.	In a case where the Company or an Affiliate or Subsidiary or any other person (the “Relevant Person”) is obliged to (or would suffer a disadvantage if they were not
to) account for any tax (in any jurisdiction) by virtue of the receipt of any benefit under the Plan (whether in cash or Class A Common Shares) or for any social security contributions payable or assessable (which, unless the Board determines
otherwise when the Award is made, shall not include secondary/employer’s National Insurance contributions in the UK) (together, the “Tax Liability”), the participant (or his personal representatives) must either:

  

	 	(a)	make a payment to the Relevant Person of an amount equal to the Tax Liability; or 

  

	 	(b)	enter into arrangements acceptable to the Relevant Person to secure that such a payment is made (whether by authorising the sale of some or all of the Class A Common Shares on
his behalf and the payment to the Relevant Person of the relevant amount out of the proceeds of sale or otherwise), 

 and in
this regard the participant (or his personal representatives) shall do all such things and execute such documents as the Relevant Person may reasonably require in connection with the satisfaction of the Tax Liability. 
  

	 	3.	 An individual who participates in the Plan shall waive all and any rights to compensation or damages in consequence of the termination of his office or employment
with the Company or any Subsidiary or Affiliate for any reason whatsoever, whether lawfully or otherwise, insofar as those rights arise or may arise from his ceasing to have rights under the Plan as a result of such termination, or from the loss or
diminution in value of such rights or entitlements, including by reason of the operation of the terms of the Plan or the provisions of any statute or 

  

 APPENDIX II - 1 

	 	 
law relating to taxation. An individual who is eligible to participate in the Plan shall have no right to participate in the Plan.

  

	 	4.	Benefits under the Plan shall not form part of a Participant’s remuneration for any purpose and shall not be pensionable. 

  

	 	5.	By participating in the Plan, the Participant consents to the collection, processing, transmission and storage by the Company, in any form whatsoever, of any data of a professional
or personal nature which is necessary for the purposes of introducing and administering the Plan. The Company may share such information with any Subsidiary or Affiliate, any trustee, registrars, brokers, other third party administrator or any
person who obtains control of the Company (pursuant to a Change in Control) or acquires the company, undertaking or part-undertaking which employs the Participant, whether within or outside of the European Economic Area. 

  

 APPENDIX II - 2Employment Agreement for John Buller

 EXHIBIT 10.1 
 EMPLOYMENT AGREEMENT 
 This Agreement is dated effective as of September 1, 2006 by and between
Tully’s Coffee Corporation (“Tully’s), and John K. Buller (“Buller”) (collectively, the “Parties”). 
 Recitals 
 A. Tully’s desires to employ Buller to serve as the President and Chief Executive Officer
(“CEO”) of Tully’s subject to the terms and conditions of this Agreement. 
 B. Buller has agreed to serve as the
President and CEO of Tully’s subject to the terms and conditions of this Agreement. 
 Agreement 
 In consideration of the mutual covenants contained herein, and other good and valuable consideration, the Parties agree as follows: 
  

	1.	Position; Effort; Term. 

 1.1 Position and
Duties. Tully’s and Buller agree that Buller shall serve as the President and CEO of Tully’s and that Buller shall have such duties and responsibilities as are consistent with such position and as are assigned to him by the
Tully’s Board of Directors (the “Board”). It is understood that Buller’s responsibilities may be modified or expanded, but not decreased, at any time by the Board in order to accommodate the needs of Tully’s. Buller shall
report directly to the Board. Buller shall perform all duties hereunder in accordance with (i) all applicable federal, state and local laws and regulations, and (ii) all company policies adopted by Tully’s Board from time to time.

 1.2 Efforts. Buller agrees to devote his full-time efforts to his duties with Tully’s and agrees that he will not directly or
indirectly engage in or participate in any activities that would conflict with the best interests of Tully’s. It is further agreed and understood that as the President and CEO of Tully’s, the hours which Buller is required to work, will
vary considerably and will frequently require more than 40 hours per week. It is understood and agreed that such work in excess of 40 hours per week is a regular and normal part of Buller’s responsibilities for which he is compensated, and does
not in any way constitute overtime for which Buller is entitled to receive additional compensation. 
 1.3 Term. Except as provided in
Section 6, Tully’s shall employ Buller for the period commencing on August 21, 2006 (the “Effective Date”) and continuing until this Agreement is terminated in accordance with Section 6. The period during which Buller
is employed pursuant to the terms of this Agreement shall be referred to herein as the Employment Period. Sections 4, 5, 6.8, 7.3 and 7.6 shall survive the termination of this Agreement. 
 1.4 Board Seat. The parties acknowledge that Buller is currently a member of the board of directors of Tully’s (the “Board of
Directors”). The parties acknowledge and agree that, subject to reelection by the Tully’s Shareholders at each annual meeting, Buller shall continue to be a member of the Board of Directors following his execution of this Agreement and
throughout the Employment Period. 
  

	2.	Cash Compensation. 

 2.1 Base Salary.
For all services rendered by Buller under this Agreement, Tully’s shall pay Buller a base salary. Buller’s initial annual base salary shall be $200,000.00. The Board shall review Buller’s base salary in September of each year and
confirm the base salary amount in writing; provided that, absent the mutual agreement of the Parties, Buller’s annual base salary shall at no time be less $200,000. Buller shall be paid his base salary on regularly scheduled pay dates
applicable to employees of Tully’s generally, minus all lawful and agreed upon payroll deductions. The Board, in its sole discretion, may increase Buller’s base salary to take into account any change in his responsibilities, performance or
other pertinent factors. 

 2.2 Incentive Compensation and Bonus Plan. In addition to the base salary, Buller shall be
eligible for additional compensation based on the incentive and bonus plan (the “Incentive Plan”) generally described in the attached Exhibit A. The agreed upon Incentive Plan shall be attached as an addendum to this Agreement. In order to
be eligible to receive additional compensation pursuant to the Incentive Plan, Buller must be employed by the Company under this Agreement at the time of payment or delivery of any compensation or benefits called for under the Incentive Plan;
provided, that this shall not prevent Buller from receiving any bonus compensation that has been fully earned as a result of having met applicable bonus requirements. All lawful withholdings and deductions will be made prior to payment of any
amounts payable under this Section. 
  

	3.	Other Benefits. 

 3.1 Employee Benefit
Programs. Tully’s and Buller agree that during the term of this Agreement, Buller shall be entitled to participate in all employee benefit programs of Tully’s as may be authorized and adopted from time to time by Tully’s and for
which Buller is eligible, including the benefits described in the attached Exhibit B. In addition, Tully’s shall provide Buller a monthly car allowance equal to $650.00, payable in advance each month during the Employment Period. 
 3.2 Vacation and Sick Leave. Buller shall be entitled to four weeks paid vacation per calendar year. Buller shall be entitled to sick leave in
accordance with Tully’s policies in effect from time to time. 
 3.3 Expenses. Tully’s shall reimburse Buller for all actual
out-of-pocket expenses reasonably related to carrying out his duties and responsibilities under this Agreement in accordance with Tully’s established policies in effect from time to time. 
 3.4 Stock Options. Upon the execution of this Agreement, the parties shall also enter into a Stock Option Agreement substantially in the form
attached hereto as Exhibit C (the “Stock Option Agreement”). The Stock Option Agreement shall provide for options (the “Stock Options”) to purchase 500,000 shares of Tully’s common voting stock. Subject to Buller still being
a Tully’s employee on the applicable vesting date, the Stock Options shall vest as follows: (i) 100,000 of the Stock Options shall vest upon the execution of this Agreement by both parties, (ii) 100,000 of the Stock Options shall vest
on the first anniversary of the Effective Date, (iii) 100,000 of the Stock Options shall vest on the second anniversary of the Effective Date, (iv) 100,000 shall vest on the third anniversary of the Effective Date, and (v) the final
100,000 of the Stock Options shall vest on the fourth anniversary of the Effective Date. The exercise price for each of the Stock Options shall be at $1.50 per share. 
 Except as otherwise provided for herein, all of the Stock Options shall be subject to the terms and conditions contained in the Stock Option Agreement. Except as otherwise set forth in Sections’ 6.5 and 6.6 with
respect to the acceleration of certain Stock Options, all Stock Options which have not vested as of the date of Executive’s termination of employment with the Company shall be deemed to be forfeited. Upon the occurrence of a Change in Control
as provided for Section 6.6 below, all of Buller’s unvested Stock Options shall be accelerated and become fully vested. 
 Issuance of the Stock
Options and any shares related thereto shall be made only in accordance with all applicable state and federal securities laws. 
 The $1.50 exercise price
for the Stock Options represents Tully’s current estimate of the fair market value of its common stock. 
  

	4.	Protection of Confidential Information. 

 4.1 Confidential Information. Buller recognizes that during the course of employment with Tully’s, Buller will have access to certain trade secrets, customer lists, drawings, designs, marketing plans, management organization
information (including, without limitation, data and other information relating to members of the Board of Directors and other management personnel of Tully’s), operating policies or manuals, business plans, financial records, or other
financial, commercial, business or technical information relating or belonging to Tully’s or information designated or considered as confidential or proprietary that Tully’s may receive belonging to suppliers, customers or others who do
business with Tully’s (collectively, “Confidential Information”). As used herein, Confidential Information does not include any information that has been previously disclosed to the public by Tully’s or is in the public domain
(other than by reason of Buller’s breach of this Section 4.1). Buller agrees that all 

 
Confidential Information shall remain the exclusive property of Tully’s. In any dispute over whether information is Confidential Information for
purposes of enforcement of this Agreement, it shall be the burden of Buller to show both that such contested information is not Confidential Information within the meaning of the Agreement, and that it does not constitute a trade secret under the
laws of the State of Washington. 
 For purposes of this Agreement and without limiting the foregoing description of Confidential
Information, “Confidential Information” includes: all nonpublic information relating to Tully’s and all information regarding Tully’s current or former employees, investors and customers. Examples of Confidential Information
include, without limitation: the identities of past, present or potential customers, investors or employees, marketing plans, contract information, trade secrets as defined by Washington law, and any other sorts of items or information regarding
Tully’s or its customers, investors or employees that are not generally known to the public at large. 
 4.2 Nondisclosure of
Confidential Information. At all times during and following Buller’s employment with Tully’s, except to the extent required by an order of a court having competent jurisdiction or under subpoena from an appropriate government agency,
Buller agrees not to disclose to anyone outside Tully’s, nor to use for any purpose other than Buller’s work for Tully’s and for Tully’s benefit, (i) any Confidential Information or (ii) any information Tully’s has
received from others which Tully’s is obligated to treat as confidential or proprietary. 
 4.3 Return of Confidential
Information. When Buller’s employment ends and at any other time at Tully’s request, Buller shall promptly give Tully’s all materials containing Confidential Information that Buller has or controls. 
  

	5.	Noncompetition and Nonsolicitation of Employees. 

 5.1 Noncompetition. During the Employment Period and during the one-year period immediately following the end of the Employment Period (collectively, the “Restriction Period”), Buller shall not, directly or indirectly,
engage in, or become associated with any entity, whether as principal, partner, member, employee, consultant or shareholder (other than as a holder of not in excess of 1% of the outstanding voting shares of any publicly traded company), that, as a
material part of their business, engages in the Specialty Coffee Business (as defined below) in any of the geographic areas in which the Company has conducted business during the Employment Period. As used herein, the “Specialty Coffee
Business” means (i) the business of developing and operating specialty stores featuring the sale of coffee drinks, teas and/or other beverages; and/or (ii) the wholesale distribution of whole coffee beans, ground coffee and coffee
drinks. 
 5.2 Nonsolicitation. During the Restriction Period, Buller shall not directly or indirectly solicit any employee to leave
his or her employment with Tully’s. In addition, Buller shall not (a) disclose to any third party the names, backgrounds or qualifications of any Tully employees or otherwise identify them as potential candidates for employment;
(b) personally or through any other person approach, recruit or otherwise solicit employees of Tully’s to work for any other employer; or (c) participate in any pre-employment interviews with any person who was employed by
Tully’s while Buller was employed by Tully’s. 
 5.3 Acknowledgement re Restrictions in Sections’ 4 and 5. Buller
acknowledges and agrees that his covenants and obligations with respect to confidentiality, Tully’s property, and nonsolicitation of employees contained in Sections’ 4 and 5 of this Agreement relate to special, unique and extraordinary
matters and that a violation of any of the terms of such covenants or obligations will cause Tully’s irreparable injury for which adequate remedies are not available solely at law. Therefore, Buller agrees that Tully’s shall be entitled to
an injunction, restraining order or such other equitable relief (without the requirement to post bond) restraining Buller from committing any violation of the covenants and obligations set forth in Sections 4 and 5 of this Agreement. These
injunctive remedies are cumulative and are in addition to any other rights and remedies that Tully’s may have at law or in equity. 
 Buller acknowledges and agrees that, given Buller’s experience, knowledge and position with Tully’s, the restrictions contained in Sections 4 and 5 of this Agreement are reasonable and necessary in order for Tully’s to
protect its reasonable business interests. 

	6.	Termination. 

 6.1 Mutual Agreement.
During the Employment Period, Buller’s employment may be terminated at any time by mutual agreement of the parties hereto on terms to be negotiated at the time of such termination. 
 6.2 Termination by Employee. Buller may also terminate this Agreement on thirty days’ written notice to Tully’s at the address listed
below. The notice will be effective on the date that it is postmarked for delivery by the U.S. postal service, or accepted by an alternative delivery service. If Buller terminates this Agreement there shall be no severance obligations in connection
with such termination. 
 6.3 Death or Disability. During the Employment Period, this Agreement shall terminate automatically
(i) upon Buller’s death, or (ii) due to a physical or mental disability or infirmity that prevents the performance of Buller’s employment related duties hereunder for a period of six months or longer (a “Disability”).

 6.4 Termination by Tully’s For Cause. During the Employment Period, Buller’s employment hereunder may be terminated for
“Cause” by Tully’s effective immediately upon delivery of written notice thereof to Buller. “Cause” shall mean (i) commission by Buller of any act of theft, fraud, or dishonesty with respect to Tully’s business;
(ii) breach by Buller of any of the material terms and conditions of this Agreement which breach is not remedied to Tully’s satisfaction within ten days of written notice of the same to Buller; (iii) Buller’s engaging in willful
and serious misconduct that is injurious to Tully’s reputation or business; or (iv) Buller’s having been convicted of, or entered a plea of guilty or nolo contendere to, a crime that constitutes a felony or which arises out of
any act involving moral turpitude. 
 If Tully’s terminates this Agreement for Cause, there shall be no severance payment obligations
due in connection with such termination. 
 6.5 Termination by Tully’s Without Cause. During the Employment Period, Buller’s
employment hereunder may be terminated “Without Cause” by Tully’s, effective upon (at Tully’s sole option) between 5 and 30 days’ prior written notice of such termination delivered by Tully’s to Buller at the address
listed below. A termination “Without Cause” shall mean a termination of Buller’s employment by Tully’s during the Employment Period for any reason other than Cause, as defined in Section 6.4, or by reason of
Buller’s death or Disability. 
 If Tully’s terminates Buller’s employment under this Agreement “Without Cause”
during the first 18 months after the Effective Date, Buller shall receive severance equal to two years of Buller’s then current base salary, with such severance to be paid out monthly in accordance with Tully’s payroll practices as in
effect from time to time, plus a one-time cash payment of $100,000.00. 
 If Tully’s terminates Buller’s employment under this
Agreement “Without Cause” at any time after 18 months after the Effective Date, Buller shall receive severance equal to one year of Buller’s then current base salary, with such severance to be paid out monthly in accordance with
Tully’s payroll practices as in effect from time to time. 
 If Tully’s terminates Buller’s employment under this Agreement
“Without Cause” at any time, all Stock Options (as defined above) that would have vested (had Buller’s employment continued) during the one year period after the effective date of his employment termination shall vest as of the
effective date for the termination of Buller’s employment. 
 If Buller’s employment with Tully’s is terminated by a third
party in connection with the filing by or against Tully’s of a petition under the Federal Bankruptcy Code, Buller shall be deemed to have been terminated by Tully’s Without Cause under this Section 6.5 and shall be entitled to receive
severance as provided for in this Section 6.5. 
 In addition, if a Change in Control occurs within four (4) months of the
effective date of Buller’s termination Without Cause by the Company, Buller shall, at his sole option, have the right to elect to receive the severance payments and vesting set forth in Section 6.6 below in lieu of receiving any of the
severance payments and vesting provided for in this Section 6.5. 
 6.6 Termination in Connection with a Change of Control. If
Buller’s employment with the Tully’s is terminated by Tully’s or a third party as a result of the occurrence of a Change in Control or by 

 
Tully’s (i) Buller shall be entitled to receive severance equal to two (2) years of Buller’s then current base salary, with such
severance to be paid out monthly in accordance with Tully’s payroll practices as in effect from time to time; (ii) accelerated vesting of 100% of Buller’s Stock Options; and (iii) a one-tine payment of $100,000.
 As used herein, the phrase “Change in Control” shall mean either (i) a sale of substantially all of the assets of Tully’s to a third
party other than as part of a transfer of said assets to an entity directly or indirectly controlled by existing Tully’s shareholders holding a majority of the outstanding shares of the common voting stock of Tully’s; or (b) a sale of
more than fifty percent (50%) of the outstanding voting stock of Tully’s to one or more third parties in a single transaction or series of transactions. For purposes of this Section 6.6, the sale of stock by shareholders as
secondary sellers in connection with a public offering of stock by Tully’s, and sales of stock by shareholders in a public stock market after a public offering of stock by Tully’s shall not be considered to be sales in a single transaction
or series of transactions. 
 6.7 Release. The monthly severance payments described in this Section 6 are conditioned upon
(i) Buller’s execution and delivery to Tully’s of a full and complete written release (the “Release”) of any and all other claims Buller may have against Tully’s in form and substance reasonably acceptable to
Tully’s; and (ii) Buller’s performance and observance of the terms and conditions of this Agreement that are to survive the termination of this Agreement. If Buller fails to deliver the Release within the later of 30 days after
termination of his employment or ten days after receipt from Tully’s of a proposed form of Release, Tully’s shall have no obligation to make the severance payments as described in this Section 6.  
 6.8 Other Compensation. Upon termination of Buller’s employment with Tully’s, Tully’s agrees to pay Buller all regular salary,
bonuses or other remuneration that are due and owing to Buller as of the date of termination, less legal deductions or offsets Buller may owe to Tully’s for such items as salary advances or loans. Notwithstanding the preceding sentence, Buller
acknowledges and agrees that, Buller shall not receive compensation or benefits under the Incentive Plan unless Buller is employed by Tully’s under this Agreement at the time of payment or delivery of any compensation or benefits under the
Incentive Plan. Buller agrees that his signature on this Agreement constitutes his authorization for all such deductions. Buller agrees to return to Tully’s all of Tully’s property of any kind which may be in Buller’s possession.

 6.9 Cooperation and Non-disparagement. Upon the termination of this Agreement for any reason other than the death or Disability of
Buller, Buller shall cooperate with Tully’s, as reasonably requested by Tully’s, to effect a transition of Buller’s responsibilities and to ensure that Tully’s is aware of all matters being handled by Buller. After the
termination of this Agreement, both the Company and Buller agree that they shall each refrain from making any written or oral statements disparaging the Company and/or Buller. 
  

	7.	Miscellaneous. 

 7.1 Essential Terms and
Modification of Agreement. It is understood and agreed that the terms and conditions described in this Agreement constitute the essential terms and conditions of the employment arrangement between Tully’s and Buller, all of which have been
voluntarily agreed upon. Tully’s and Buller agree that there are no other essential terms or conditions of the employment relationship that are not described within this Agreement, and that any change in the essential terms and conditions of
this Agreement will be written down in a supplemental agreement which shall be signed by both Tully’s and Buller before it is effective. Buller and Tully’s agree that this Agreement replaces and supersedes any and all other prior
agreements, written or oral, regarding the terms of Buller’s employment with the Company. 
 7.2 Severability. If any term,
covenant, condition or provision of this Agreement or the application thereof to any person or circumstance shall, at any time, or to any extent, be determined invalid or unenforceable, the remaining provisions hereof shall not be affected thereby
and shall be deemed valid and fully enforceable to the extent permitted by law. 
 7.3 Governing Law; Attorneys Fees. This Agreement
is made and shall be construed and performed under the laws of the State of Washington. Any suit to enforce any provision of this Agreement, or arising as a result of the relationship of the Parties created by this Agreement, shall be brought in
King County, Washington. In the event that suit is brought to interpret or enforce any term or provision of this Agreement, or in the event that any party hereto is forced to seek a remedy other than monetary damages, including but not limited to
injunctive relief, the prevailing party in any such suit or proceeding shall, in addition to any other relief to which such party may be entitled, be awarded its costs and attorneys’ fees reasonably and actually incurred. 

 7.4 Waiver of Agreement. The waiver by Tully’s of a breach of any provision of this Agreement
by Buller shall not operate or be construed as a waiver by Tully’s of any subsequent breach by Buller. 
 7.5 Captions. The
captions and headings of the paragraphs of this Agreement are for convenience and reference only and are not to be used to interpret or define the provisions hereof. 
 7.6 Assignment and Successors. The rights and obligations of Tully’s under this Agreement shall inure to the benefit of and be binding upon the successors and assigns of Tully’s. The rights and
obligations of Buller hereunder are nonassignable. 
 7.7 Notices. Any notice required by this Agreement shall be sufficient if in
writing and delivered to the party or sent by certified mail, return receipt requested and addressed as follows: 
  

			
	 (a) If to Tully’s:
	  	Tully’s Coffee Corporation
		  	Attention: Chairman and CFO
		  	3100 Airport Way South
		  	Seattle, WA 98134
		  	Telephone: 206-233-2070
		  	Fax: 206-233-2077
		
		  	and to
		
		  	Patrick R. Lamb
		  	Carney Badley Spellman, P.S.
		  	701 Fifth Avenue, Suite 3600
		  	Seattle, WA 98104
		  	Telephone: 206-622-8020
		  	Fax: 206-467-8215
		
	 (b) If to Buller:
	  	John K. Buller
		  	2030 Dexter Avenue N., Suite 250
		  	Seattle, WA 98109-2720
		
		  	and to
		
		  	Michael D. Dwyer
		  	Lane Powell PC
		  	1420 5th Avenue, Suite 4100
		  	Seattle, WA 98101-2338
		  	Telephone: 206-223-7057
		  	Fax: 206-613-4290

 Either party may change the specified address by giving written notice of such change. 

7.8 Authority. Tully’s represents and warrants that it is fully authorized and empowered to enter into this Agreement and that the
performance of its obligations under this Agreement will not violate any material agreement to which it is a party or by which it is bound. Buller represents and warrants that he is fully authorized and empowered to enter into this Agreement and
that the performance of his obligations under this Agreement will not violate any material agreement to which he is a party or by which he is bound. 
 [Signatures on next page] 

 DATED this 1st day of September, 2006. 
  

									
	TULLY’S COFFEE CORPORATION	 		 	JOHN K. BULLER
					
	By:	 	/s/ TOM T. O’KEEFE	 		 		 	/s/ JOHN K. BULLER
		 	TOM T. O’KEEFE	 		 		 	
	Its:	 	CHAIRMAN	 		 		 	

 EXHIBIT A 
 TO 
 EMPLOYMENT AGREEMENT 
 BETWEEN 
 TULLY’S COFFEE CORPORATION AND JOHN BULLER 
 The Incentive Compensation Plan shall consist of a combination of equity and cash compensation for meeting certain milestones. The Incentive Compensation Plan shall be
agreed upon by Buller and Tully’s within 30 days of the execution of this Agreement. 

 EXHIBIT B 
 TO 
 EMPLOYMENT AGREEMENT 
 BETWEEN 
 TULLY’S COFFEE CORPORATION AND JOHN BULLER 
 Standard Employee Benefits 
 *Group medical, dental, vision, prescription 
 *Group short term disability 
 *Group long term disability 
 *Group life/AD&D 
 *Supplemental life for employee, spouse and children available for
purchase by employee 
 *Section 125 pre-tax spending accounts for health care and dependent care expense reimbursement

 *401(k) savings plan 
 Tully’s employee benefit program content is subject to change from time-to-time by Tully’s. 

 EXHIBIT C 
 TO 
 EMPLOYMENT AGREEMENT 
 BETWEEN 
 TULLY’S COFFEE CORPORATION AND JOHN BULLER 
 Form of Stock Option Agreement 
  

 TULLY’S COFFEE CORPORATION 
 (the “Company”) 
 NON-QUALIFIED STOCK OPTION AGREEMENT FOR PURCHASE OF STOCK 
 We are pleased to inform you that the Company has granted to you (the “Optionee”) an option to purchase shares of the Company’s common
stock (“Option”) under the 2004 Stock Option Plan (the “Plan”) on the terms and subject to the conditions set forth in this Stock Option Agreement. 
 This Stock Option Agreement is made and entered into pursuant to a specific grant of options approved by the Company’s Board of Directors or the Compensation Committee thereof as of the Date of Option Grant set
forth below. This Stock Option Agreement cancels, supercedes, and replaces any other oral or written agreement, letter or other document between the parties related to this Option. 
 FOR VALUABLE CONSIDERATION, the Company does hereby grant to the Optionee, in accordance with the terms and conditions hereof, as of the Date of Option
Grant, the right and option to purchase the number of shares of common stock of the Company (the “Option Shares”) for the Exercise Price Per Share as set forth below, which right and option shall vest and become exercisable according to
the Vesting Schedule set forth below: 
  

			
	Name of Optionee:	  	John K. Buller
		
	Number of Option Shares:	  	500,000 shares
		
	Exercise Price Per Share:	  	$1.50
		
	Date of Option Grant:	  	September 1, 2006
		
	Expiration Date:	  	September 1, 2016
		
	Vesting Schedule:	  	 Options for 100,000 shares shall vest on September 1, 2006
 Options for 100,000 shares shall vest on August 21, 2007*
 Options for 100,000 shares shall vest on August 21, 2008*
 Options for 100,000 shares shall vest on August 21, 2009*
 Options for 100,000
shares shall vest on August 21, 2010*

  

	*	Subject to accelerated vesting as provided in Sections 6.5 and 6.6 of the Employment Agreement dated as of September 1, 2006 between Tully’s Coffee Corporation and John K.
Buller 

 EXECUTED as of September 1, 2006. 
  

			
	TULLY’S COFFEE CORPORATION
		
	By	 	  
		 	 Kristopher S. Galvin
 Executive Vice President and
CFO

  
  

 By signing below and entering into this Stock Option Agreement, Optionee agrees to the terms hereof, and all obligations
and responsibilities as described in the Plan and the attached Terms and Conditions, which shall constitute part of this Stock Option Agreement. 
  

			
	OPTIONEE
		
	  	 	  
		
	Address:	 	  
		
	  	 	  

 TERMS AND CONDITIONS OF NON-QUALIFIED STOCK OPTION AGREEMENT 
 THIS DOCUMENT CONSTITUTES PART OF A PROSPECTUS 
 COVERING SECURITIES THAT HAVE BEEN REGISTERED 
 UNDER THE SECURITIES ACT OF 1933. 
 Capitalized Terms used in this Stock Option Agreement (the “Agreement”), if not otherwise defined, have the meanings given them in the Plan.

 1. Time of Exercise of Option. Until it expires or is terminated as provided in Section 2 hereof, the Option may be exercised from time to
time to purchase the number of whole shares of common stock as to which it has become exercisable. Section 2.6 of the Plan sets forth provisions affecting the exercise and termination of the Option in connection with certain circumstances,
including Merger, Consolidation, Tender Offer, Takeover Bid, Sale of Assets or Dissolution as set forth therein. 
 2. Termination of Employment or
Service. 
 2.1 General Rule. Except as provided in this Section 2, the Option may not be exercised unless at the time of
exercise the Optionee is employed by or is serving as a director of the Company, and shall have been so employed or provided such service continuously since the Date of Option Grant. For purposes of this Agreement, the Optionee is considered to be
employed by or in the service of the Company if the Optionee is employed by or serving as a director of the Company or any subsidiary of the Company (each, an “Employer”). 
 2.2 Termination Generally. If the Optionee’s employment by or service with the Company terminates for any reason other than for cause,
resignation in lieu of dismissal, total disability, death or due to a Change of Control Event, as provided in Sections 2.3, 2.4, 2.5, 2.6 or 2.7 hereof, then the Option may be exercised at any time before the earliest of (a) the Expiration
Date, (b) the date that is three years after the date of termination, and (c) ten years after the Date of Option Grant, but only if and to the extent the Optionee was entitled to exercise the Option at the date of termination (provided
that all other conditions to exercise set forth herein shall have been met at the date of exercise of the Option). 
 2.3 Termination for
Cause or Resignation in Lieu of Dismissal. 
 (a) If the Optionee is terminated for cause or resigns in lieu of dismissal, the Option
shall be deemed to have terminated as of the time of the first act that led or would have led to the termination for cause or resignation in lieu of dismissal, and the Optionee shall thereupon have no right to purchase any shares of common stock
pursuant to the exercise of the Option, and any such exercise shall be null and void. 
 (b) Termination for “cause” shall include
(i) the violation by the Optionee of any reasonable rule or policy of the Company; (ii) any willful misconduct or gross negligence by the Optionee in the responsibilities assigned to him or her; (iii) any willful failure to perform
his or her job as required to meet the objectives of the Company; (iv) any wrongful conduct of an Optionee that has an adverse impact on the Company or that constitutes a misappropriation of the assets of the Company; (v) unauthorized
disclosure of confidential information; (vi) the Optionee’s performing services for any other company or person that competes with the Company while he or she is employed by or provides services to the Company, without the written approval
of the president or chief executive officer of the Company; or (vii) removal as a director of the Company. 
 (c) “Resignation in
lieu of dismissal” shall mean a resignation by the Optionee as an employee or director, or both, if (i) the Company has given prior notice to the Optionee of its intent to dismiss (or seek removal of) the Optionee for circumstances that
constitute cause, or (ii) within two months of the Optionee’s resignation, the Board of Directors of the Company or the president or chief executive officer of the Company determines that such resignation was related to an act that would
have led to a termination for cause. 
 2.4 Resignation. If the Optionee resigns as an employee or director of the Company, the
Optionee’s right to exercise his or her option shall be suspended for a period of two months from the date of resignation, unless the president or chief executive officer of the Company or the Board of Directors determines otherwise in writing.
Thereafter, unless there is a determination that the Optionee resigned in lieu of dismissal, the option may be exercised at any time before the earlier of (a) the Expiration Date (which shall have been 

 
extended for the period during which the Option has been suspended) or (b) the date that is three years after the date of resignation, to the extent the
Optionee was entitled to exercise the Option at the date of resignation (provided all other conditions to exercise set forth herein shall have been met at the date of exercise of the Option). 
 2.5 Termination Because of Total Disability. If the Optionee’s employment or service to the Company terminates because of a permanent and
total disability (as defined in Section 22(e)(3) of the Internal Revenue Code of 1986, as amended), the Option may be exercised at any time before the earlier of (a) the Expiration Date or (b) the date that is three years after the
date of such termination, but only if and to the extent the Optionee was entitled to exercise the Option at the date of termination (provided that all other conditions to exercise set forth herein shall have been met at the date of exercise of the
Option). 
 2.6 Termination Because of Death. If the Optionee dies while employed by or in the service of the Company, the Option may
be exercised at any time before the earlier of (a) the Expiration Date or (b) the date that is 12 months after the date of death, but only if and to the extent the Optionee was entitled to exercise the Option at the date of termination.
The Option may be exercised only by the person or persons to whom the Optionee’s rights under the Option shall pass by the Optionee’s will or by the applicable laws of descent and distribution (provided all other conditions to exercise set
forth herein shall have been met at the date of exercise of the Option). 
 2.7 Termination Because of a “Change of Control
Event.” The Option shall terminate upon the occurrence of a Change of Control Event, as defined in Section 2.7(e) (6) of the Plan and subject to the terms set forth therein. 
 2.8 Effect of Leave of Absence; Transfer of Employment. Absence on leave approved by the Employer or on account of illness or disability shall not
be deemed a termination or interruption of employment or service. Vesting of the Option shall continue during any medical, family, or military leave of absence taken in accordance with the policies of the Company. Vesting of the Option and the
Expiration Date therefor shall be suspended during any other leave of absence, whether paid or unpaid, except as otherwise determined by the Board of Directors or appropriate committee thereof. A transfer of employment or other relationship between
or among the Company and any subsidiaries of the parent or the Company shall not be deemed to constitute a termination of employment or other cessation of relationship with the Employer. 
 2.9 Effect of Listing or Quotation of Common Stock. Effective as of the later of (a) the date on which the Company’s common stock is
listed or quoted on a national securities exchange or market or (b) the expiration of any restrictive period applicable to the Option under the requirements of Section 9 below, the three year exercise period referenced in Sections 2.2 and
2.4 above will be reduced to three months and in Section 2.5 to twelve months. 
 2.10 Failure to Exercise Option. To the extent
that the Option of any deceased Optionee or any Optionee whose employment or service terminates is not exercised within the applicable exercise period, all further rights to purchase shares pursuant to the Option shall cease and terminate.

 3. Recapitalizations. The Option shall be adjusted for recapitalizations, stock splits, stock dividends, and the like as described in
Section 2.10 of the Plan. 
 4. Method of Exercise of Option. Subject to the provisions of Section 1 above, the Option may be exercised in
whole or in part; provided, however, that no fewer than 100 shares (or the remaining shares then purchasable under the Option, if less than 100 shares) may be purchased on any exercise of the Option. The Option shall be exercised by delivery to the
Secretary of the Company or his or her designated agent of notice, substantially in the form attached hereto as Annex 1, of the number of Option Shares with respect to which the Option is being exercised, together with payment in full
of the exercise price and any applicable withholding taxes. Payment of the option exercise price shall be made in cash or bank certified or cashier’s check for the number of Option Shares being purchased. Before the issuance of shares of common
stock upon the exercise of the Option, the Optionee shall pay to the Company the amount of any applicable federal, state or local tax withholding obligations. The Company may withhold any distribution in whole or in part until the Company is so
paid. The Company shall have the right to withhold such amount from any other amounts due or to become due from the Company to the Optionee, including salary (subject to applicable law) or to retain and withhold a 

 
number of shares having a market value not less than the amount of such taxes required to be withheld by the Company to reimburse it for any such taxes and
cancel (in whole or in part) any such shares so withheld. 
 5. Nonassignability of Option by Optionee. The Option is nonassignable and may not be
transferred, pledged or hypothecated in any manner by the Optionee, either voluntarily or by operation of law, except by will or the applicable laws of descent and distribution; shall not be subject to execution, attachment or similar process; and
shall be exercisable during the Optionee’s lifetime only by the Optionee. Any purported transfer or assignment in violation of this provision shall be void. The Option and any and all rights granted to the Optionee hereunder and not theretofore
duly exercised shall automatically terminate and expire upon any purported assignment or transfer or upon the bankruptcy or insolvency of Optionee or Optionee’s estate. 
 6. Conditions on Company’s Obligations. 
 6.1 No Violations of Law. The Company shall not
be obligated to issue any Option Shares upon exercise of the Option if the Company is advised by its legal counsel that such issuance would violate applicable state or federal laws, including securities laws and the requirements of any stock
exchange or market on which the common stock may then be listed. The Company will use its reasonable best efforts to take steps required by state or federal law and applicable regulations in connection with issuance of the Option Shares. The
inability of the Company to obtain, from any regulatory body having jurisdiction, the authority deemed by the Company’s counsel to be necessary for the lawful issuance and sale of any Option Shares hereunder, or to qualify for an exemption from
registration for the issuance and sale of any shares hereunder, shall relieve the Company of any liability with respect to the nonissuance or sale of such shares as to which such requisite authority or qualification shall not have been obtained or
satisfied. 
 6.2 Compliance with Securities Laws. As a condition to the exercise of the Option, the Company may require the Optionee
to represent and warrant at the time of exercise that the Option Shares are being purchased only for investment and without any present intention to sell or distribute such shares if, in the opinion of counsel for the Company, such a representation
is required by any relevant provision of the aforementioned laws. The Company may place a stop-transfer order against any shares of common stock on the stock records of the Company, and a legend may be stamped on stock certificates to the effect
that the shares of common stock may not be pledged, sold or otherwise transferred unless an opinion of counsel is provided (concurred in by counsel for the Company) stating that such transfer is not in violation of any applicable law or regulation.
The Board of Directors (or a committee thereof) also may require such other action or agreement by the Optionee as may from time to time be necessary to comply with the federal and state securities laws. THIS PROVISION SHALL NOT OBLIGATE THE COMPANY
TO UNDERTAKE REGISTRATION OF THE COMMON STOCK ISSUABLE UPON EXERCISE OF THE OPTION. 
 7. No Rights as a Shareholder. The Optionee shall have no
rights as a shareholder with respect to any shares of common stock until the date on which the Optionee becomes the holder of record of those shares. No adjustment shall be made for dividends or other rights for which the record date occurs before
the date the Optionee becomes the holder of record. 
 8. No Right to Employment or Service. Nothing in the Plan or this Agreement shall confer upon
the Optionee any right to be continued in the employment of the Company or interfere in any way with the Company’s right to terminate the Optionee’s employment at will at any time, for any reason, with or without cause, without any pre- or
post-termination warning, discipline or procedure, or to decrease the Optionee’s compensation or benefits, or confer upon the Optionee any right to be retained or employed by the Company or to the continuation, extension, renewal or
modification of any compensation, contract or arrangement with or by the Company. Neither Optionee nor any other person shall have any claim or right to be granted additional options under the Plan. Optionee shall have no rights to or interest in
any option except as set forth herein. 
 9. Market Stand-off. The Optionee agrees, in connection with any public equity offering by the Company,
(a) not to sell or otherwise dispose of any securities of the Company in compliance with terms of the lock-up or similar agreement proposed by the underwriters for such offering and (b) to execute an agreement in the form proposed;
provided that (x) substantially all of the Company’s officers and directors enter into identical agreements, (y) the restrictive period does not exceed 180 days following the offering, and (z) the failure to execute a form
of agreement shall not affect the enforceability of this covenant. To enforce this covenant, the Company may impose stop-transfer instructions with respect to the securities of the Optionee until the end of the restrictive period. 

 10. Successors of Company. Subject to Section 2.7 hereof, this Agreement shall be binding upon and shall
inure to the benefit of any successor of the Company but, except as provided herein, the Option may not be assigned or otherwise transferred by the Optionee. 
 11. Notices. Any notices under this Agreement must be in writing and will be effective when actually delivered or, if mailed, three days after deposit into the United States mail by registered or certified mail, postage prepaid. Mail
shall be directed to the Company at its principal executive offices, Attention: Secretary, and to Optionee at the address stated on the facing page of this Agreement, or to such address as a party may certify by notice to the other party.

 12. Amendments. The Company may at any time amend this Agreement if the amendment does not adversely affect the Optionee. Otherwise, this Agreement
may not be amended without the written consent of the Optionee and the Company. 
 13. Governing Law. This Agreement shall be governed by the laws of
the State of Washington. 
 14. Complete Agreement. This Agreement constitutes the entire agreement between the Optionee and the Company, both oral
and written concerning the matters addressed herein, and all prior agreements or representations concerning the matters addressed herein, whether written or oral, express or implied, are terminated and of no further effect. This Agreement and the
Option represented hereby is granted pursuant to and is governed by the Plan, amended from time to time. In the event of any inconsistency or ambiguity between this Agreement and the Plan, the provisions of the Plan, as interpreted by the Board of
Directors or designated committee thereof, shall control. 

 Annex 1 
 Form of Notice of Exercise of Stock Option 
 Date:
                         
  

	To:	Tully’s Coffee Corporation 

 I hereby exercise the
non-statutory stock option granted to me by Tully’s Coffee Corporation (the “Company”) on May 16, 2005, subject to all the terms and provisions thereof and of the 2004 Stock Option Plan referred to therein, and notify the Company
of my desire to purchase                      shares of common stock of the Company at the exercise price of
$                     per share, or an aggregate exercise price of
$                    . 
 I hereby
deliver the full exercise price and all applicable withholding taxes with respect to this exercise as follows: 
  

	 	 ̈	cash, or 

  

	 	 ̈	bank certified or cashier’s check. 

 I further agree
to execute such other documents as the Company may request in connection with the exercise of this stock option. 
  

			
		
	By:	 	  

			
		
	Print Name:	 	  

			
		
	Address:	 	  
		
	  	 	  

			
		
	SSN:

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