Document:

Stock Option Purchase Agreement, dated as of 4/27/2011

 Exhibit 10.8 
 STOCK OPTION PURCHASE AGREEMENT 
 This STOCK OPTION PURCHASE AGREEMENT
(this “Agreement”), dated as of April 27, 2011, is by and between Annie’s, Inc., a Delaware corporation (the “Company”), and Sarah Bird, an individual residing at 45 St. James Place, Piedmont, CA 94611
(the “Seller”). The Company and the Seller are referred to collectively as the “Parties.” 
 WHEREAS,
on April 27, 2011, the Company’s Compensation Committee and Board of Directors, with John Foraker abstaining, authorized the Company to purchase certain options to purchase common stock of the Company, $.001 par value per share
(“Common Stock”), from the Seller pursuant to Section 5(j) of the Company’s Amended and Restated 2004 Stock Option Plan (the “Plan”) pursuant to the terms of this Agreement; and 

WHEREAS, the Seller is the holder of an certain option to purchase up to 30,000 shares of Common Stock at an exercise price per
share of $6.45 (the “2005 Option”), pursuant to a grant letter executed by the Company and dated May 9, 2005, and desires to transfer to the Company pursuant to Section 5(j) of the Plan the right to purchase 7,000 shares
of the 2005 Option (the “Tendered Option”), in lieu of the exercise of such Tendered Option, in exchange for the Purchase Price, as set forth below. 
 NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows. 

Section 1. Purchase and Sale. 
 (a) Seller agrees to tender, transfer and sell to the Company as of the Closing Date, pursuant to Section 5(j) of the Plan, the Tendered Option for the aggregate purchase price of $101,850.00
(the “Purchase Price”), which Purchase Price represents the product of (i) the difference between $21.00 (“Current Value”), which the Company’s Board of Directors has determined to be the fair market value
of a share of Common Stock as of the date of this Agreement, and the applicable 2005 Option exercise price of $6.45, and (ii) 7,000, and the Company agrees to purchase such Tendered Option. The Purchase Price, less applicable tax withholdings,
shall be payable by wire transfer or by check, at the Company’s discretion. 
 (b) The closing (the
“Closing”) of the transaction contemplated by this Agreement shall occur no later than Monday, May 2, 2011 (the “Closing Date”), unless the Parties otherwise agree. 

(c) Seller and the Company shall execute an amendment to the grant letter for the 2005 Option reflecting the cancellation of the
Tendered Option. 
 (d) Seller hereby irrevocably waives, releases and discharges the Company and its affiliates from any
and all liabilities and obligations to Seller of any kind or nature whatsoever that have arisen or may arise out of Seller’s beneficial ownership of the Tendered Option, in each case whether absolute or contingent, liquidated or unliquidated,
known or unknown, and whether arising under any agreement or understanding (other than this Agreement) or otherwise at law or equity, and Seller agrees that it shall not seek to recover any amounts in connection therewith or thereunder from the
Company or any of the Company’s affiliates. 
 Section 2. Representations and Warranties of the Seller. The Seller makes
the following representations and warranties as of the Closing Date. 
 (a) Authorization of Transaction. The Seller has
full power and authority to execute and deliver this Agreement and to perform its obligations hereunder. This Agreement 

 
constitutes the valid and legally binding obligation of the Seller, enforceable in accordance with its terms and conditions. 

(b) Tendered Option Free of Encumbrances. The Seller holds of record and owns beneficially the Tendered Option, free and clear of
any restrictions on transfer (other than any restrictions under the Securities Act of 1933, as amended, and state securities laws), Taxes, Security Interests, options, warrants, purchase rights, contracts, commitments, equities, claims, and demands.
For the purpose of this Section 2(c), (i) the term “Taxes” means any federal, state, local, or foreign income, gross receipts, license, payroll, employment, excise, severance, stamp, occupation, premium, windfall profits,
customs duties, capital stock, franchise, profits, withholding, social security (or similar), unemployment, disability, real property, personal property, sales, use, transfer, registration, value added, alternative or add-on minimum, estimated, or
other tax of any kind whatsoever, including any interest, penalty, or addition thereto, whether disputed or not; and (ii) “Security Interests” means any mortgage, pledge, lien, encumbrance, charge, or other security interest.

 (c) No Representations. The Seller has received, carefully read and is familiar with this Agreement. The Seller has
received no representations or warranties from the Company, its employees, agents or attorneys in making its decision to enter into this Agreement. 
 (d) Business Knowledge. The Seller understands the business in which the Company is engaged and has such knowledge and experience in business and financial matters that the Seller is capable of
evaluating the merits and risks of tendering the Tendered Option. By tendering the Tendered Option, the Seller understands and agrees that it shall forego any future appreciation in the value of the Tendered Option that would have occurred on or
after the Closing Date if the Seller had retained, and not tendered, such option to purchase Common Stock. The Seller understands that the transfer and sale of the Tendered Option may affect the value of Common Stock. 

Section 3. Seller Acknowledgements. The Seller, for herself and her heirs, personal representatives, successors and assigns,
acknowledges and is aware of the following: 
 (a) No federal or state agency has approved, disapproved or made any
finding or determination as to the fairness, nor any recommendation or endorsement of the merits of the transactions contemplated herein. 
 (b) There is no public market for the Company’s securities. The fair market value of the Common Stock has been determined by the Company’s Board of Directors. The Company has not obtained
an independent appraisal of the value of the Company’s Common Stock or Tendered Option or obtained an opinion on the fairness of the Purchase Price for the Tendered Option. 

(c) The Company has not provided any investment, accounting, legal, or tax advice to the Seller. The Seller, in tendering the
Tendered Option, is relying, if at all, solely upon the advice of the Seller’s personal legal, financial or tax advisers with respect to the sale of the Tendered Option. Neither the Company nor any of its officers, directors or employees has
made any representation regarding the legal, accounting or tax consequences of selling the Tendered Option to the Company nor has the Company or any of its representatives encouraged or discouraged the Seller from doing so. 

(d) The Seller acknowledges that the fair market value of the Company’s Common Stock may change. The Company may engage in a
transaction at any time that may affect the value of the Company’s Common Stock. The Seller bears the sole risk that a future transaction 

  
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could increase the value of the Company’s Common Stock and therefore the value of the Tendered Option. 
 (e) The Seller is not entitled to cancel, terminate or revoke this Agreement. 
 (f) The Seller recognizes that the offer by the Company to purchase the Tendered Option was based upon the Seller’s representations, warranties, and acknowledgments set forth in this
Agreement, understands the meaning of the representations made by the Seller in this Agreement, and hereby agrees to indemnify the Company and all of its officers, directors, employees, and agents and all persons deemed to be in control of the
foregoing, and to hold such persons harmless, from and against any and all loss, damage, liability or expense (including costs and reasonable attorney’s fees) to which they may be put or which they may incur by reason of, or in connection with:
(i) any misstatement, misrepresentation, or omission made by or on behalf of the Seller with respect to the matters about which representations and warranties are made or required by the terms of this Agreement; or (ii) any breach of any
such representations or warranties or any failure to fulfill any covenants or agreements set forth herein. 
 (g) The
Company’s Compensation Committee will determine, in its sole discretion, all questions as to the validity, form, eligibility and acceptance for transfer of any Tendered Option, and its determination will be final and binding to the fullest
extent permitted by law. 
 Section 4. Representations and Warranties of the Company. The Company makes the following
representations and warranties as of the Closing Date. 
 (a) Organization of the Company. The Company is a
corporation duly organized, validly existing, and in good standing under the laws of State of Delaware. 
 (b) Authorization
of Transaction. The Company has full power and authority to execute and deliver this Agreement and to perform its obligations hereunder. This Agreement constitutes the valid and legally binding obligation of the Company, enforceable in
accordance with its terms and conditions. The Company need not give any further notice to, make any filing with, or obtain any further authorization, consent, or approval of any government or governmental agency in order to consummate the
transactions contemplated by this Agreement. 
 Section 5. Entire Agreement. This Agreement constitutes the entire agreement
among the Parties and supersedes any prior understandings, agreements, or representations by or among the Parties, written or oral, to the extent they relate in any way to the subject matter hereof. 

Section 6. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original but all
of which together will constitute one and the same instrument. 
 Section 7. Governing Law. This Agreement shall be governed
by and construed in accordance with the laws of the State of Delaware without giving effect to any choice or conflict of law provision or rule (whether of the State of Delaware or any other jurisdiction) that would cause the application of the laws
of any jurisdiction other than the State of Delaware. 

  
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 IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written
above. 
  

							
	COMPANY:	 		 	SELLER:
			
	ANNIE’S, INC.	 		 	
				
	By:	 	     /s/ Brian T. Murphy
	 		 	             /s/ Sarah W.
Bird

		 	 Brian Murphy, Chairman

Compensation Committee
	 		 	Sarah Bird

  
 4Employment Agreement - John Foraker, dated as of 1/3/2006

 Exhibit 10.9 
 EMPLOYMENT AGREEMENT 
 This Employment Agreement (the
“Agreement”) is entered into effective as of January 3, 2006 (the “Effective Date”) by and between Homegrown Naturals, Inc., a Delaware Corporation (the “Company”), and
John Foraker (the “Executive”). 
 RECITALS 

WHEREAS, the Company desires to continue to employ the Executive as its Chief Executive Officer subject to the terms and
conditions hereof, and the Executive desires to continue to be employed by the Company in such capacity; 
 NOW, THEREFORE,
in consideration of the foregoing, of the mutual promises contained herein and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 

 

	 	1.	TERM OF EMPLOYMENT. 

This Agreement shall be effective for the period commencing on the Effective Date and ending on the date the Executive’s employment
is terminated pursuant to Section 8 hereof (the “Employment Term”). 
  

	 	2.	POSITION AND DUTIES. 

 a.
During the Employment Term, the Executive shall serve as the Chief Executive Officer of the Company. The Executive shall have such duties and responsibilities as the Board shall designate that are consistent with the Executive’s status and
position. The Executive shall report directly to the Board of Directors of the Company (the “Board”). The Executive’s duties will be conducted principally from the Company’s headquarters, which are currently located in Napa,
California, with travel to such other locations from time to time as the Board may reasonably prescribe. 
 b. During the
Employment Term, the Executive shall devote his full business time (excluding periods of vacation and reasonable periods of absence due to sickness, personal injury or other disability), energy and skill to the performance of his duties with the
Company. 
  

	 	3.	SALARY AND BONUS. 

 a.
Base Salary. During the Employment Term, as compensation for the services to be rendered by the Executive to the Company pursuant to this Agreement, the Company shall pay to the Executive a base salary at the annual rate of Two Hundred Thirty
Five Thousand Dollars ($235,000) (such amount together with any adjustments thereto as may be determined from time to time by the Board in its sole discretion, are hereinafter referred to as the Executive’s “Base
Salary”). Any Base Salary payable hereunder shall be paid in accordance with the Company’s regular payroll practices, as in effect from time to time. 
 b. Annual Bonus. The Executive may receive annual bonus compensation from the Company in respect of each full “Fiscal Year” (as of the Effective Date, each 12 month

 
period beginning on April 1 and ending on March 31) of the Company (or, solely to the extent provided in Sections 8.c and 8.d hereof and the following sentence, such portion thereof)
that occurs during the Employment Term (“Annual Bonus”) if certain performance targets established by the Compensation Committee of the Board are achieved. Notwithstanding the foregoing, if the Executive is employed at the
end of the Fiscal Year ending March 31, 2006, the Executive shall be eligible to receive an Annual Bonus in respect of such Fiscal Year in an amount equal to the sum of the “Discretionary Bonus” and the “Performance Bonus.”
For purposes of the foregoing, the term “Discretionary Bonus” shall mean a bonus amount of up to Thirty Thousand Dollars ($30,000) as determined in the sole discretion of the Board; and the term “Performance
Bonus” shall mean Thirty Thousand Dollars ($30,000), provided that if the Company experiences a net operating loss of more than $334,000 in respect of the Fiscal Year ending March 31, 2006 or has net sales of less than $51,556,000
in respect of such Fiscal Year, the term “Performance Bonus” shall mean Zero Dollars ($0). The Executive may receive a bonus payment under the Company’s “profit sharing bonus pool” (as defined in the Company’s 2006 Cash
Bonus Program), in which case the term “Annual Bonus” will include any such payment as well. Any Annual Bonus shall be paid by the earlier of 30 days after the date of the completion of the Company’s audited financials for the Fiscal
Year in respect of which such Annual Bonus is payable or the end of the calendar year following the Fiscal Year in respect of which such Annual Bonus is payable. In order to be eligible and entitled to receive any Annual Bonus payment, Executive
must be employed by the Company on the date the Annual Bonus is paid, except to the extent expressly provided for to the contrary as set forth in Sections 8.c, 8.d and 8.e hereof. 

 

	 	4.	ANNUAL OPTION GRANTS. 

Each Fiscal Year during the Employment Term, subject to the Executive remaining employed through and on the last day of the applicable
Fiscal Year, the Executive may be granted an option to purchase shares of the Company’s common stock as determined by the Board (the “Options”). Such Options shall be granted under the Company’s then effective
equity incentive plan, which grants shall be evidenced by the Executive’s entering into a form of option agreement related to such plan (each, an “Option Agreement”). The target grant in effect as of the date hereof is
between 30,000 and 40,000 shares. 
  

	 	5.	EMPLOYEE BENEFITS. 

During the Employment Term, the Executive shall be entitled to participate in or receive benefits under the employee benefit plans of the
Company in which the Executive participated as of the date immediately preceding the Effective Date, subject to the terms and conditions set forth in this Agreement; provided, however, that the Company does not guarantee the
continuation of any employee benefit plan that the Executive participates in or has the option to participate in as of the Effective Date or from time to time thereafter. Furthermore, the Company may, in its sole discretion, terminate or modify any
employee benefit plan at any time. Except as provided in Sections 8.d and 8.e., notwithstanding anything herein or the terms of any severance plan, policy or program of the Company, the Executive shall not participate in any severance plan, policy
or program of the Company. 

  
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	 	6.	PAID TIME OFF. 

 PTO is
earned at the rate of 2.08 days for each month of service from the Executive’s first day of work. The maximum PTO benefits the Executive may have at any time shall equal forty four (44) days of PTO, which is 1.75 times the Executive’s
current PTO annual accrual rate (or one year and nine months worth of accrual). The Executive is encouraged to use all PTO each year. If the Executive’s earned but unused PTO reaches the maximum (44 days), Executive will not accrue any
additional PTO benefits. If Executive later uses PTO and falls below the maximum, the Executive will resume earning PTO pay from that date forward. No PTO pay will be earned for the period in which the Executive’s benefits were at the maximum.
Accrued PTO that has not been used will be paid at time of resignation or termination. PTO pay is paid at the Executive’s final rate of pay at the time of his separation. 

 

	 	7.	EXPENSE REIMBURSEMENT. 

During the Employment Term, the Company shall reimburse the Executive for his reasonable business expenses in accordance with the
Company’s expense reimbursement policies, as they may be amended by the Board from time to time. In the event Executive’s employment should terminate for any reason as set forth in Section 8 below, the Company shall reimburse
Executive for his reasonable business expenses incurred prior to the date of such termination, in accordance with the terms of the Company’s expense reimbursement policy as in effect at the time, provided that Executive submits a proper expense
reimbursement request within thirty (30) days of the date of such termination. 
  

	 	8.	TERMINATION AND CONSEQUENCES OF TERMINATION. 

 Notwithstanding any other provision of the Agreement, the Employment Term and the Executive’s employment hereunder shall terminate on the first to occur of the following: 

a. Resignation by Executive. The date as of which the Executive resigns from his employment with the Company, which date shall be
no less than 60 days following the date on which the Executive provides the Company with written notice, delivered in accordance with Section 11.d hereof, of his intent to so resign. 

If the Executive’s employment is terminated pursuant to this Section 8.a: 

(i) on the date of such termination, Executive shall be entitled to receive (x) his Base Salary earned through the date of such
termination, (y) payment for any earned but unused PTO in accordance with Section 6, and (z) any compensation or benefits to which the Executive may otherwise be entitled under the terms of the Company’s compensation and benefit
plans as in effect at the time of such termination; 
 (ii) Executive shall not be entitled to receive any unpaid Annual Bonus
payable for any Fiscal Year preceding the year in which such termination occurs and Executive shall not be entitled to receive any Annual Bonus or portion thereof for the Fiscal Year in which such termination occurs; and 

  
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 (iii) all vested Options shall remain exercisable in accordance with their terms and all
unvested Options shall be cancelled without any consideration therefor. 
 Notwithstanding the foregoing, if the
Executive’s employment is terminated pursuant to this Section 8.a within ninety (90) days following the relocation of the Executive’s primary worksite more than fifty miles from the location of the Company’s headquarters as
of the Effective Date without his prior consent, the Executive shall instead be treated for all purposes hereunder (including, without limitation, Section 9.b hereof) as if his employment were terminated pursuant to Section 8.e hereof.

 b. For Cause by the Company. The date on which the Company provides the Executive with written notice, delivered in
accordance with Section 11.d hereof, that his employment has been terminated for Cause. For purposes of this Agreement, “Cause” shall mean: (1) the failure of the Executive to perform his material employment-related
duties (other than any such failure as a result of the Executive’s “Disability” (as defined below) or death), which failure has not been cured by the Executive within 30 business days of the Executive’s receipt of written notice
of such failure from the Company, (2) the Executive’s engaging in misconduct that has caused or is reasonably expected to result in material injury to, or materially impair the goodwill of, the Company or any of its affiliates,
(3) the Executive’s knowing and intentional violation of any material Company policy; (4) the Executive’s personal dishonesty or breach of fiduciary duty; (5) the Executive’s indictment or conviction of, or entering
a plea of guilty or nolo contendere to, a crime that constitutes a felony, or (6) the breach by the Executive of any of his material obligations under any written agreement or covenant with the Company or any its
affiliates (including, but not limited to, this Agreement and any other written covenant or agreement with the Company or any of its subsidiaries not to disclose any information pertaining to the Company or any of its subsidiaries or not to compete
or interfere with the Company or any of its subsidiaries). 
 If the Executive’s employment is terminated pursuant to this
Section 8.b: 
 (i) he shall be entitled to receive only his Base Salary earned through the date of such termination and
payment for any earned but unused PTO in accordance with Section 6, both to be paid on the date of termination; 
 (ii)
Executive shall not be entitled to receive any unpaid Annual Bonus payable for any Fiscal Year preceding the year in which such termination occurs and Executive shall not be entitled to receive any Annual Bonus or portion thereof for the Fiscal Year
in which such termination occurs; and 
 (iii) notwithstanding anything in any Option Agreement to the contrary, all vested and
unvested Options shall be cancelled without any consideration therefor. 
 c. Death. Upon the date of the
Executive’s death. 
 If the Executive’s employment is terminated pursuant to this Section 8.c: 

(i) on the next regularly scheduled pay date(s) following such termination, his estate shall be entitled to receive: (x) his Base
Salary and continued coverage 

  
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under any Company benefit plans in accordance with the terms of such plans, both through the end of the month in which such termination occurs; (y) payment for any earned but unused PTO in
accordance with Section 6; and (z) any compensation or benefits to which the Executive may otherwise be entitled under the terms of the Company’s compensation and benefit plans as in effect at the time of such termination; 

(ii) his estate shall be entitled to receive any earned but unpaid Annual Bonus payable for any Fiscal Year preceding the year in which
such termination occurs, to be paid at the time such Annual Bonus amount can be calculated and determined in accordance with the provisions of Section 3.b. Additionally, provided that the applicable performance targets for any Annual Bonus
payable in respect of the Fiscal Year in which such termination occurs shall have been achieved, his estate shall be entitled to receive a pro-rata portion of such Annual Bonus (payable at the same time as the Annual Bonus would have otherwise been
paid in accordance with Section 3.b), such pro-ration to be determined by multiplying any such Annual Bonus by a fraction, the numerator of which is the number of days in the Fiscal Year of such termination during which the Executive was
employed by the Company and the denominator of which is 365; and 
 (iii) all vested Options shall remain exercisable in
accordance with their terms and all unvested Options shall be cancelled without any consideration therefor. 
 d.
Disability. The date following the Executive’s Disability on which the Company elects to terminate this Agreement by notice to the Executive. For purposes of this Agreement, “Disability” shall have the meaning
provided for in the long term disability plan of the Company in which the Executive participates, and if no such plan exists, “Disability” shall mean the Executive’s inability, due to physical or mental illness or incapacity, to
perform his material duties with or without reasonable accommodation, for a period of more than 120 days in any 365-day period. 
 If the Executive’s employment is terminated pursuant to this Section 8.d: 
 (i) on the date of such termination, Executive shall be entitled to receive (x) his Base Salary earned through the date of such termination, (y) payment for any earned but unused PTO in
accordance with Section 6, and (z) any compensation or benefits to which the Executive may otherwise be entitled under the terms of the Company’s compensation and benefit plans as in effect at the time of such termination; 

(ii) subject to the Executive’s execution and delivery to the Company of a written general release, substantially in the form
attached as “Exhibit A” hereto, the Company shall (A) pay the Executive an amount equal to his Base Salary in equal [semi-monthly] installments in accordance with the Company’s ordinary payroll practices during the
ninety (90) day period that begins on the date of such termination; and (B) continue to provide the Executive with all medical benefits provided to the Executive immediately prior to such termination for so long as the Executive continues
to be eligible to participate in the applicable medical benefit plan pursuant to which such benefits were provided, after which, provided that the Executive timely elects COBRA coverage, the Company will pay the Executive’s COBRA premiums until
the earlier of (x) the date that is ninety (90) days following the date of such 

  
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termination and (y) the date on which the Executive is no longer eligible to receive COBRA continuation coverage; 
 (iii) Executive shall also be entitled to receive any earned but unpaid Annual Bonus payable for any Fiscal Year preceding the year in which such termination occurs, to be paid at the time such Annual
Bonus amount can be calculated and determined in accordance with the provisions of Section 3.b. Additionally, provided that the applicable performance targets for any Annual Bonus payable in respect of the Fiscal Year in which such termination
occurs shall have been achieved, he shall be entitled to receive a pro-rata portion of such Annual Bonus (payable at the same time as the Annual Bonus would have otherwise been paid in accordance with Section 3.b), such pro-ration to be
determined by multiplying any such Annual Bonus by a fraction, the numerator of which is the number of days in the Fiscal Year of such termination during which the Executive was employed by the Company and the denominator of which is 365; and

 (iv) all vested Options shall remain exercisable in accordance with their terms and all unvested Options shall be cancelled
without any consideration therefor. 
 e. Without Cause by the Company. The date on which the Company provides the
Executive with written notice, delivered in accordance with Section 11.d hereof, that his employment has been terminated without Cause. 
 If the Executive’s employment is terminated pursuant to this Section 8.e: 
 (i) on the date of such termination, Executive shall be entitled to receive (x) his Base Salary earned through the date of such termination, (y) payment for any earned but unused PTO in
accordance with Section 6, and (z) any compensation or benefits to which the Executive may otherwise be entitled under the terms of the Company’s compensation and benefit plans as in effect at the time of such termination; 

(ii) subject to the Executive’s execution and delivery to the Company of a written general release, substantially in the form
attached as “Exhibit A” hereto, and the Executive’s continued compliance with the terms of such release and Section 9 hereof, the Company shall (A) pay the Executive an amount equal to one half his Base Salary
in equal semi-monthly installments in accordance with the Company’s ordinary payroll practices during the six month period that begins on the date of such termination; provided, however, that to the extent that the total amount to
be paid to the Executive pursuant to the foregoing clause (A) is less than $150,000, then the difference between the total amount paid and $150,000 shall be paid to the Executive in a lump sum on the last payroll date that occurs during such
six month period; and (B) continue to provide the Executive with all medical benefits provided to the Executive immediately prior to such termination for so long as the Executive continues to be eligible to participate in the applicable medical
benefit plan pursuant to which such benefits were provided, after which, provided that the Executive timely elects COBRA coverage, the Company will pay the Executive’s COBRA premiums until the earlier of (x) the date that is 18 months
following the date of such termination and (y) the date on which the Executive is no longer eligible to receive COBRA continuation coverage; 

  
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 (iii) Executive shall also be entitled to receive any unpaid Annual Bonus payable for any
Fiscal Year preceding the year in which such termination occurs, to be paid at the time such Annual Bonus amount can be calculated and determined in accordance with the provisions of Section 3.b. Executive shall not, however, be entitled to
receive any Annual Bonus or portion thereof for the Fiscal Year in which such termination occurs; and 
 (iv) all vested
Options shall remain exercisable in accordance with their terms and all unvested Options shall be cancelled without any consideration therefor. 
 Except as expressly provided in Sections 8.a-e hereof, upon the termination of the Executive’s employment hereunder, the Executive shall have no further rights to any compensation or benefits from
the Company. 
  

	 	9.	RESTRICTIVE COVENANTS. 

The Executive acknowledges that: (i) the Executive has a major responsibility for the operation, development and growth of the
Company’s business; (ii) the Executive’s work for the Company has brought the Executive and will continue to bring the Executive into close contact with “Confidential Information” (as defined below); and (iii) the
agreements and covenants contained in this Section 9 are essential to protect the business interests of the Company and that the Company will not enter into this Agreement but for such agreements and covenants. Accordingly, the Executive
covenants and agrees to the following: 
 a. Confidential Information. Both during the term of the Executive’s
employment under this Agreement and indefinitely after the Executive is no longer employed by the Company, the Executive shall not, directly or indirectly, (i) knowingly use for an improper personal benefit any “Confidential
Information” (as defined below) that was acquired by, learned by or disclosed to Executive by reason of the Executive’s employment with the Company (before or after the date of this Agreement), or (ii) disclose any such Confidential
Information to any person, business or entity, except in the proper course of the Executive’s duties as an employee of the Company. As used in this Agreement, “Confidential Information” means any and all confidential or
proprietary information of the Company and its affiliates that is not generally known to the public, including, without limitation, business, financial, marketing, technical, developmental, operating, performance, know-how, and process information,
drawings and designs, customer information, and other trade secret information, now existing or hereafter discovered or developed. Confidential Information shall include information in any form whatsoever, including, without limitation, any digital
or electronic record-bearing media containing or disclosing such information. The provisions of this Section 9.a shall not apply to information that has become generally available to the public other than as a result of a disclosure by the
Executive. In the event that the Executive is requested or required (by oral question or request for information or documents in any legal proceeding, interrogatory, subpoena, civil investigative demand, or similar process) to disclose any
Confidential Information, then the Executive will notify the Company within two (2) business days of the request or requirement so that the Company may seek an appropriate protective order. If, in the absence of a protective order or the
receipt of a waiver hereunder, the Executive is, on the advice of counsel, compelled to disclose any Confidential Information to any tribunal or else stand liable for contempt, the Executive may disclose such Confidential Information to the
tribunal; 

  
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provided, however, that the Executive shall use the Executive’s reasonable best efforts to obtain, at the expense and reasonable request of the Company, an order or other assurance that
confidential treatment will be accorded to such portion of the Confidential Information required to be disclosed as the Company shall designate. The Executive acknowledges that all Confidential Information is the exclusive property of the Company.
The Executive acknowledges that the Executive’s entire work product, including working drafts and work sheets, shall be the sole property of the Company, and that the Executive will have no rights, title or interest in any such material whether
prepared by the Executive alone, by others or by the Executive in conjunction with others. 
 b. Duty of Loyalty and
Non-Competition. During the Employment Term, the Executive shall not, without the prior written consent of the Company, participate, directly or indirectly, as an individual proprietor, partner, stockholder, officer, employee, director, manager,
joint venturer, investor, lender, consultant or in any capacity whatsoever (within the United States of America, or in any country where the Company or its affiliates do business or have reasonable plans to do business) in a business engaged in
competition with the Company or any of its affiliates, or in a business that the Company or any of its affiliates has taken reasonable steps to engage in (including, but not limited to, meeting with management teams or entering into preliminary or
definitive term sheets, letters of intent, purchase agreements, or other similar arrangements or agreements) of which the Executive has knowledge at the time of Executive’s employment; provided, however, that such participation
shall not include the mere ownership of not more than one percent (1%) of the total outstanding stock of a publicly held company. At all times following the termination of Executive’s employment with the Company for any reason as specified
in Section 8 hereof, Executive shall not, either directly or indirectly, engage in any unlawful competitive activities or use confidential trade secret information to engage in any unfair competition against the Company. 

c. Non-Solicitation. For a period beginning on the Effective Date and ending two years after the date on which the Executive is no
longer employed by the Company (the “Non-Solicitation Period”), the Executive shall not in any capacity, either separately or in association with others: (i) solicit for employment or endeavor in any way to entice away
from employment with the Company or its affiliates any employee of the Company or its affiliates, or any person or entity that had been an employee or affiliate of the Company within the six month period preceding the commencement of such activity;
nor (ii) use confidential trade secret information to solicit or use any other unlawful means to induce or influence any supplier, customer, agent, consultant or other person or entity that has a business relationship with the Company to
discontinue, reduce or modify such relationship with the Company. 
 d. Nondisparagement. The Executive agrees (whether
during or after Executive’s employment with the Company) not to issue, circulate, publish or utter any comments or statements to the press or other media, the Company’s or any of its affiliates’ employees, consultants or any
individual or entity with whom the Company or any of its affiliates has a business relationship which could reasonably be expected to adversely affect in any manner: (i) the conduct of the business of the Company or any of its affiliates
(including, without limitation, any products or business plans or prospects); or (ii) the business reputation of the Company, any of its affiliates, or any of their products, or their past or present officers, directors or employees.

  
 8 

 e. Return of Property. Upon termination of his employment with the Company and its
affiliates or at any time as the Company requests, the Executive will promptly deliver to the Company all documents (whether prepared by the Company, an affiliate, the Executive or a third party) relating to the Company, an affiliate or any of their
businesses or property that the Executive may possess or have under the Executive’s direction or control other than documents provided to the Executive in the Executive’s capacity as a participant in any employee benefit plan, policy or
program of the Company. 
 f. Remedies. The Executive acknowledges that (i) the Executive has had an opportunity to
seek the advice of counsel in connection with this Agreement; (ii) the restrictive covenants set forth in this Section 9 (the “Restrictive Covenants”) are reasonable in scope and in all other respects;
(iii) any violation of the Restrictive Covenants will result in irreparable injury to the Company; (iv) money damages may not be an adequate remedy for the Company in the event of a breach of any of the Restrictive Covenants by the
Executive; and (v) specific performance in the form of injunctive relief would be an appropriate remedy for the Company. If the Executive breaches or threatens to breach a Restrictive Covenant, the Company shall be entitled, in addition to all
other remedies, to seek an injunction restraining any such breach, without any bond or other security being required and without the necessity of showing actual damages. 
 g. Severability. If any of the Restrictive Covenants, or any part thereof, are held to be invalid or unenforceable, the same shall not affect the remainder of the covenant or covenants, which shall
be given full effect, without regard to the invalid or unenforceable portions. Without limiting the generality of the foregoing, if any of the Restrictive Covenants, or any part thereof, are held to be unenforceable because of the duration of such
provision or the area covered thereby, the parties hereto agree that the court making such determination shall have the power to reduce the duration and/or area of such provision and, in its reduced form, such provision shall then be enforceable.

  

	 	10.	ARBITRATION 

 a. All
claims, disputes, controversies, or disagreements of any kind whatsoever arising out of or in connection with Executive’s employment or the termination of Executive’s employment (“Claims”), including any Claims that
may arise between Executive and the Company’s officers, directors, executives, affiliates or agents and their capacity as such, shall be submitted to final and binding arbitration before the American Arbitration Association
(“AAA”) or the Judicial Arbitration and Mediation Services – Endispute (“JAMS”), in accordance with the then-existing rules of the AAA or JAMS and the Federal Arbitration Act. The selection
between AAA and JAMS shall be made by the claimant first filing for arbitration. The parties mutually agree that any such arbitration shall be conducted in Wilmington, Delaware, or such other location as the parties mutually agree upon, and that
such arbitration shall be the sole and exclusive forum and venue for resolving any claims, disputes or controversies between the parties. The initiating party of any disagreement, dispute or claim must deliver a written request for arbitration to
the responding party within the applicable statute of limitations of the date when the disagreement, dispute or claim first arose. Any failure to timely request arbitration shall constitute a waiver of all rights to raise any claim in any forum. The
arbitrator must issue a written award setting forth the essential findings and conclusions on 

  
 9 

 
which the award is based. Either party may request necessary discovery pursuant to the applicable rules of the arbitration or as determined by the arbitrator. 

b. Claims covered by this arbitration provision include, but are not limited to the following: (1) alleged violations of federal,
state, or local constitutions, statutes, regulations, or ordinances, including, but not limited to, anti-discrimination and harassment laws, wage and hour laws, and employment laws; (2) allegations of a breach of a contractual obligation,
including, without limitation, breach of the Restrictive Covenants; (3) alleged violations of public policy; and (4) any tort, defamation, fraud or emotional distress claims. 

c. The following are expressly excluded from this arbitration provision and are not covered by this Agreement: (1) claims related to
Workers Compensation or unemployment insurance; (2) administrative claims filed with government agencies such as the Equal Employment Opportunity Commission (EEOC), the Department of Fair Employment and Housing (DFEH), or the National Labor
Relations Board (NLRB); and, (3) claims that are expressly excluded from arbitration by statute. 
 d. In consideration for
the Executive’s employment with the Company, the Executive and the Company mutually agree that final and binding arbitration is the exclusive means for resolving the claims outlined in this Agreement. This Agreement is a waiver of all rights
the Executive or the Company may have to a civil court action on any dispute outlined by this Agreement. Accordingly, only an arbitrator, not a judge or jury, will decide the dispute, although the arbitrator has the authority to award any type of
relief that could otherwise be awarded by a judge or jury, including injunctive relief; provided, however, that either party shall have the right to seek interim injunctive relief from a court of competent jurisdiction to the extent permitted by any
applicable statute governing arbitrations. 
 e. Each party shall initially bear its own costs and attorney’s fees. The
Company shall pay the arbitrator’s fees and related administrative expenses in any such matter submitted to arbitration. The prevailing party shall be entitled to its reasonable attorney’s fees, together with any costs and expenses,
incurred in connection with arbitration as determined by the arbitrator, to the extent the prevailing party is entitled to such an award as provided by applicable statute or contract. 

 

	 	11.	MISCELLANEOUS. 

 a.
Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware applicable to agreements made and to be wholly performed within that State, without regard to the conflict of laws
provisions of any jurisdiction which would cause the application of any law other than that of the State of Delaware. 
 b.
Successors. This Agreement shall be binding on, and inure to the benefit of, the Company and its successors and assigns and any person acquiring, whether by merger, consolidation, or otherwise without further action by the Executive.

  
 10 

 c. Waiver of Breach. The waiver by either the Company or the Executive of a breach of
any provision of this Agreement shall not operate as, or be deemed a waiver of, any subsequent breach by either the Company or the Executive. 
 d. Notices. Any notice to be given hereunder by a party hereto shall be in writing and shall be deemed to have been given when received or, when deposited in the U.S. mail, certified or registered
mail, postage prepaid: 
  

			
		  	to the Executive addressed as follows:
		  	  
 John Foraker

854 A Street
 Davis, CA
95616

		  	  
 to the Company addressed as follows:

		  	  
 Homegrown Naturals, Inc.

564 Gateway Drive
 Napa, California
94558-7517

		  	  
 Attn: Chief Financial Officer

		  	  
 with a copy to:

		  	  
 Kirkpatrick & Lockhart Nicholson Graham LLP

75 State Street
 Boston, Massachusetts
02109
 Attn: Stephen L. Palmer, Esq.

 e. Entire Agreement; Modification. This Agreement constitutes the entire agreement and supercedes
all prior agreements and understandings, both written and oral, among the parties or any of them, with respect to the subject matter of this Agreement. This Agreement may not be amended except by mutual agreement of the parties in writing.

 f. Severability. The invalidity or unenforceability of any provision of this Agreement shall not affect the other
provisions hereof, and this Agreement shall be construed in all respects by interpreting that invalid or unenforceable provision as nearly to the original meaning as possible so as to make it valid and enforceable or, if that is not possible or
permitted by applicable law, by omitting that invalid or unenforceable provision. To the extent any provision of this Agreement is determined by a court, arbitrator or regulatory body to be invalid or unenforceable, the parties shall use their good
faith efforts to address the implications of that invalidity or unenforceability to preserve the essential understanding of the parties with respect to such provision. 
 g. Withholding Taxes. The Company may withhold from any amounts payable under this Agreement such Federal, state and local taxes as may be required to be withheld pursuant to any applicable law or
regulation. 

  
 11 

 h. Prevailing Party. If any claim, controversy, action or dispute arises between
Executive and Company or its affiliates relating to this Agreement or an asserted breach of its terms, the prevailing party in any such proceeding shall be entitled to recover its costs and reasonable attorneys fees. 

i. Counterparts; Fax Signatures. This Agreement may be signed in counterparts, each of which shall be an original, with the same
effect as if the signatures thereto and hereto were upon the same instrument. The parties agree that the facsimile or FAX signatures of the person executing this Agreement shall be sufficient evidence of the execution of the Agreement. 

IN WITNESS WHEREOF, the parties hereto have executed this Agreement effective as of the date first written above. 

 

			
	 HOMEGROWN NATURALS, INC.

 

	 By:
	 	         /s/ Brian T. Murphy

		
	 Title:
	 	         Director

	  
 JOHN FORAKER

	  

            /s/ John Foraker

  
 12 

 EXHIBIT A 

FORM OF GENERAL RELEASE 
 General Release 
 NOTICE: This is a very important document, and you
should thoroughly review and understand the terms and effect of this document before signing it. By signing this General Release you will be releasing the Company from all liability to you. Therefore, you should consult with an attorney before
signing the General Release. You have twenty-one (21) days from the date of the distribution of these materials to consider this document. If you have not returned a signed copy of the General Release by that time, the Company will assume that
you have elected not to sign the General Release. If you choose to sign the General Release, you will have an additional seven (7) days following the date of your signature to revoke the agreement, and the agreement shall not become effective
or enforceable until the revocation period has expired. Any revocation must be in writing and must be received by the Company within the seven (7) day revocation period. 
 A. In consideration of the benefits to which John Foraker (the “Executive”) would not otherwise be entitled, offered to the Executive by the Company under the Employment Agreement
dated as of                      “Employment Agreement”), the Executive, on behalf of himself and his heirs, executors and
assigns, hereby releases and discharges Homegrown Naturals, Inc., and its shareholders, affiliates, parents, subsidiaries, successors, and predecessors, and all of their employees, agents, attorneys, officers and directors (for purposes of this
General Release, hereinafter collectively referred to as the “Company”) from any and all claims and/or causes of action, known or unknown, which the Executive may have or could claim to have against the Company up to and
including the date of the Executive signing this General Release. This General Release includes, but is not limited to, all claims arising from or during the Executive’s employment or as a result of the termination of the Executive’s
employment, and all claims arising under federal, state or local laws prohibiting employment discrimination based upon age, race, sex, religion, handicap, national origin or any other protected characteristic, including, but not limited to, any and
all claims arising under the Age Discrimination in Employment Act, Title VII of the Civil Rights Act of 1964, the Americans with Disabilities Act, any applicable state laws, regulations or ordinances relating to employment, and/or any claims growing
out of any legal restrictions, expressed or implied, on the Company’s right to control or terminate the employment of its employees. This General Release does not include or affect the Executive’s ability to apply for unemployment
compensation benefits. 
 B. The Executive represents and warrants that he has not filed any complaints against the Company with
any state or federal court or with any arbitration tribunal. The Executive further agrees and covenants to the fullest extent permitted by law not file, institute or join any lawsuit or arbitration (either individually, with others, or as part of a
class), in any forum, pleading, raising or asserting any claim(s) barred or released by this General Release. If the Executive does so and such claim(s) is found to be barred or released, in whole or in part, by this General Release, the Executive
shall reimburse the Company for all costs and reasonable attorneys’ fees (and/or applicable portion thereof) incurred by the Company in defending against any such released claim(s). The only exception to the foregoing provisions of this
paragraph B is 

 
with respect to the Executive’s right if he so desires to timely file a charge with the Equal Employment Opportunity Commission to contest the validity of this General Release to the extent
the provisions relate to claims under the Age Discrimination in Employment Act. 
 C. Executive further understands and agrees
that Executive hereby expressly waives and relinquishes any and all claims, rights or benefits that he may have under California Civil Code section 1542, which provides as follows: 

“A general release does not extend to claims which the 

creditor does not know or suspect to exist in his or her 
 favor at the time of executing the release which if known 
 by him or
her must have materially affected his or her 
 settlement with the debtor.” 

In connection with such waiver and relinquishment, Executive acknowledges that he may hereafter discover claims or facts in addition to or different from
those which he now knows or believes to exist with respect to the matters released herein, but that Executive expressly agrees to fully, finally and forever settle and release any and all claims, known or unknown, suspected or unsuspected, which
exist or may exist on his behalf against the Released Parties at the time of execution of this Agreement, including, but not limited to, any and all claims relating to or arising from Executive’s employment with Company or the cessation of the
employment relationship. 
 By signing below, the Executive agrees to be legally bound by the terms of this General Release and acknowledges
that he has carefully read and completely understands the terms of this General Release and is signing it knowingly, voluntarily and without duress, coercion, or undue influence. 
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the      day of
                    . 
  

			
	 HOMEGROWN NATURALS, INC.

 

	 By:
	 	  

		
	 Title:
	 	  

	  
 JOHN FORAKER

	  

 

  
 14

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