Document:

Michael D. Angel Executive Employment Agreement

 Exhibit 10.3 
 EXECUTIVE EMPLOYMENT AGREEMENT 
 This Executive Employment Agreement
(“Agreement”), dated as of October 31, 2011 and effective on the mutually agreed to date of commencement of employment (currently anticipated to be January 3, 2012) (“Effective Date”), is between Orange 21
Inc. (the “Company”) and Michael Angel (“Executive”). 
 1. POSITION, RESPONSIBILITIES, AND TERM

 a. Position. As of the Effective Date, Executive is employed by the Company to render services to the
Company initially in the position of Chief Financial Officer, Treasurer and Secretary for the Company and its subsidiaries, or otherwise as the Company’s Chief Executive Officer or Board may request. Executive shall report directly to the Chief
Executive Officer of the Company in these capacities, unless otherwise determined by the Company’s Board of Directors (“Board”). Executive shall perform such duties and responsibilities as are normally related to such positions
in accordance with the standards of the industry and any additional duties now or hereafter assigned to Executive (“Services”) by Executive’s supervisor. Executive shall abide by the rules, regulations, and practices as adopted
or modified from time to time in the Company’s sole discretion. Executive will devote Executive’s best efforts to the provision of Services under this Agreement. 
 b. Other Activities. Except upon the prior written consent of the Company, Executive will not, during the term of this Agreement: (i) engage, directly or indirectly, in any other
business activity (whether or not pursued for pecuniary advantage) that might interfere with Executive’s duties and responsibilities hereunder or create a conflict of interest with the Company; or (ii) acquire any interest of any type in
any other business which is in competition with the Company, provided, however, that the foregoing shall not be deemed to prohibit the Executive from acquiring solely as an investment up to one percent (1%) of the outstanding
equity interests of any publicly-held company. 
 c. No Conflict. Executive represents and warrants that
Executive’s execution of this Agreement and performance of Services under this Agreement will not violate any obligations Executive may have to any other employer, person or entity, including any obligations to keep in confidence proprietary
information, knowledge, or data acquired by Executive in confidence or in trust prior to becoming an employee of the Company. 

d. Term of Agreement. The term of this Agreement shall commence on the Effective Date and end on the day prior to the third
anniversary of the Effective Date unless terminated earlier in accordance with the terms herein (the “Term”). The terms of Sections 5 through 19 shall survive any termination or expiration of this Agreement or of Executive’s
employment. For the avoidance of doubt, the expiration of the Term at the end of three years after the Effective Date shall not trigger any rights to or eligibility for severance, including without limitation those payments and benefits described
under Sections 4(b) through 4(e). 
 2. COMPENSATION AND BENEFITS 

a. Annual Base Salary. In consideration of the Services to be rendered under this Agreement, the Company shall pay Executive
an annual base salary at the rate of Two Hundred 

  
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Fifty Thousand Dollars ($250,000.00) per year, less applicable withholdings (“Base Salary”). The Base Salary shall be paid in accordance with the Company’s normal payroll
practices. Executive’s Base Salary will be reviewed from time to time in accordance with the established procedures of the Company for adjusting salaries for similarly situated employees and may be increased in the sole discretion of the Board.

 b. Annual Bonus Potential. During each full fiscal year of the Term (commencing 2012), in further consideration
of the Services to be rendered under this Agreement, Executive shall be eligible to receive combined total annual bonus (“Total Potential Bonus”) of up to eighty percent (80%) of Salary, or an increment thereof, in part upon
achievement of goals to be recommended by the CEO and approved by the Compensation Committee in its discretion, and otherwise as specified below. It is anticipated that fifty percent (50%) of the Total Potential Bonus (the “Annual
Performance Target Bonus”) will initially be based on the goals to be determined in the discretion of the Compensation Committee. Fifty percent (50%) of the Total Potential Bonus will be at the discretion of the Compensation Committee,
currently anticipated to take the form of a bonus for significant overachievement of performance goals. The above-referenced bonuses, if any are earned, will be paid to Executive within two and one-half months of the end of the fiscal year with
respect to which the bonus relates. To earn any bonus, Executive must remain employed with the Company through the end of the fiscal year with respect to which the bonus relates. 

c. Stock Option. In further consideration of the Services to be rendered under this Agreement, the Company will grant
Executive a nonstatutory stock option to purchase 200,000 shares of the Company’s common stock vesting annually over a period of three (3) years from the grant date of such stock option (“Stock Option”). Executive’s
entitlement to the Stock Option is conditioned upon Executive’s signing of the Company’s written Stock Option Agreement and compliance with the Company’s Amended and Restated 2004 Stock Incentive Plan, or any successor plan thereto
(the “Stock Plan” or “Plan”), and is subject to the terms of such Stock Option Agreement, attached hereto as Exhibit D, and the terms of the Stock Plan, and related documents adopted by the Board, except as
expressly provided herein. The number of shares subject to the Stock Option will be proportionately adjusted upon any stock split of the Company’s common shares which occurs before the Stock Option is granted. The Grant Date will be on the
Effective Date. 
 d. Employment Benefits Plans. In further consideration of the Services to be rendered under
this Agreement, Executive will be eligible to participate in pension, profit sharing and other retirement plans, incentive compensation plans, group health, hospitalization and disability or other insurance plans, and other employee welfare benefit
plans generally made available to other similarly-situated employees of the Company, in accordance with the benefit plans established by the Company, and as may be amended from time to time in the Company’s sole discretion. 

e. Vacation. Commencing with the Effective Date, Executive shall begin to accrue three (3) weeks of paid vacation per
calendar year (or such greater amount as is approved by the Board from time to time) on a pro-rata basis, subject to the policies and procedures in the Company’s Employee Handbook as may be amended from time to time in the Company’s sole
discretion. 

  
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 f. Expenses. The Company will pay or reimburse Executive for all normal and
reasonable travel and entertainment expenses incurred by Executive in connection with Executive’s responsibilities to the Company upon submission of proper vouchers and documentation in accordance with the Company’s expense reimbursement
policy. The Company shall also provide Executive with a monthly allowance of Fifteen Hundred Dollars ($1,500) to reimburse for the cost of an apartment in San Diego County and airfare and transportation expense from Northern California. Any
reimbursements or in-kind benefits provided under this Agreement that are subject to Internal Revenue Code (“Code”) Section 409A shall be made or provided in compliance with the requirements of Code Section 409A,
including, where applicable, the requirement that (i) any reimbursement is for expenses incurred during the period of time specified in this Agreement, (ii) the amount of expenses eligible for reimbursement, or in-kind benefits provided,
during a fiscal year may not affect the expenses eligible for reimbursement or in-kind benefits to be provided, in any other fiscal year, (iii) the reimbursement of an eligible expense will be made no later than the last day of the fiscal year
following the year in which the expense is incurred, and (iv) the right to reimbursement or in-kind benefits is not subject to liquidation or exchange for another benefit.
 3. AT-WILL EMPLOYMENT 
 Notwithstanding anything to the contrary in this Agreement whether
express or implied, the employment of Executive shall be “at-will” at all times. The Company or Executive may terminate Executive’s employment with the Company and the Term at any time, without any advance notice, for any reason or no
reason at all, notwithstanding anything to the contrary contained in or arising from any statements, policies or practices of the Company relating to the employment, discipline or termination of its employees. Following the termination of
Executive’s employment, the Company shall pay to Executive all compensation to which Executive is entitled up through the date of termination. Thereafter, all obligations of the Company under this Agreement shall cease other than those set
forth in Section 4 or in Executive’s Change in Control Severance Agreement dated the Effective Date and attached hereto as Exhibit B (“CIC Agreement”). 
 4. COMPANY TERMINATION OBLIGATIONS 
 a. Termination by Company for
Cause. The Company may terminate Executive’s employment and this Agreement at any time for Cause. Upon a termination of Executive’s employment by the Company for Cause, Executive only will be entitled to any salary and other benefits
earned, but unpaid (including accrued but unpaid vacation), and any reimbursement for expenses owed to Executive by the Company, as of the date of Executive’s termination. For purposes of this Agreement, “Cause” shall mean,
each as determined in the discretion of the Company’s (or its successor’s) Board: (i) Executive engages in a material act of misconduct, including but not limited to misappropriation of trade secrets, fraud, or embezzlement;
(ii) Executive commits a crime involving dishonesty, breach of trust, physical harm to any person, or moral turpitude; (iii) Executive breaches this Agreement; (iv) Executive refuses to implement or follow a lawful policy or directive
of the Company or engages in other willful misconduct in the performance of Executive’s duties; (v) Executive engages in misfeasance or malfeasance demonstrated by Executive’s failure to perform Executive’s job duties diligently
and/or in a professional manner; or (vi) Executive violates a Company policy or procedure which 

  
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is materially injurious to the Company, including but not limited to violation of the Company’s policy concerning sexual harassment, discrimination, retaliation, conflicts of interest, or
drugs or alcohol. 
 b. Termination by Company without Cause. The Company shall have the
unilateral right to terminate Executive’s employment and this Agreement at any time without Cause, and without notice, in the Company’s sole and absolute discretion. Any such termination without Cause shall not constitute a breach of any
term of this Agreement, express or implied, or a wrongful deprivation of Executive’s office or position. During the Term, if the Company terminates Executive’s employment without Cause, either prior to a Change in Control (as defined in
the CIC Agreement) or more than twelve (12) months following a Change in Control, and Executive’s employment is not terminated due to death or Disability (as defined below), (i) Executive will be eligible to receive cash severance
installment payments in an aggregate amount equal to one hundred percent (100%) of Executive’s Base Salary as in effect on Executive’s date of termination of employment, less applicable withholdings (“Severance”),
being paid in eleven monthly pro-rata installments with the first installment of Severance being paid on the
60th day after Executive’s “separation from
service” (within the meaning of Code Section 409A) from the Company (“Termination Date”) and the last installment being paid on the first anniversary of the Termination Date, and (ii) the vesting of fifty percent
(50%) of the unvested portion of the Stock Option granted to Executive pursuant to Section 2(c) which is then held by Executive shall accelerate. 
 If the Company terminates Executive’s employment without Cause within twelve (12) months following a Change in Control (as defined in the CIC Agreement) and Executive’s employment is not
terminated due to death or Disability (as defined below), Executive will be eligible to receive severance pay and stock option acceleration as set forth in the CIC Agreement and not under this Agreement. 

Executive’s eligibility to receive the Severance set forth in this Section 4(b) is conditioned on Executive having first timely signed and not
revoked a release agreement in the form attached as Exhibit A. If the Company terminates Executive’s employment and this Agreement without Cause, the Company shall have no obligation to Executive except to pay Executive the
Severance in accordance with the terms hereof. 
 For avoidance of doubt, the payments and benefits that may be provided under this
Section 4(b) or under the CIC Agreement shall not be provided more than once and if payments and benefits are provided under either Section 4(b) or the CIC Agreement, then no payments or benefits will otherwise be provided again under
either of these agreements. In no event will payments and benefits be provided to Executive under both this Agreement and the CIC Agreement. 
 c. Termination Due to Disability. Disability shall mean that Executive will be or has been unable for medical reasons to perform his essential job duties for either ninety
(90) consecutive calendar days or one hundred twenty (120) business days in a twelve (12) month period. If Executive becomes subject to a Disability and if within thirty (30) days after the Company gives Executive written notice,
Executive has not returned to perform substantially his duties, Executive’s employment and this Agreement shall terminate 

  
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automatically upon the expiration of such 30-day period and all obligations of the Company under this Agreement shall cease, other than those set forth in Section 3. 

d. Termination Due to Death. Executive’s employment and this Agreement shall terminate automatically upon
Executive’s death. If Executive’s employment is terminated due to Executive’s death, all obligations of the Company under this Agreement shall cease, other than those set forth in Section 3. 

e. Executive’s Resignation. Executive may resign Executive’s employment at any time during the Term of this
Agreement pursuant to Section 3, and thereafter, all obligations of the Company under this Agreement shall cease other than those set forth in Section 3 and this Agreement shall terminate automatically. 

f. Release of Claims. Notwithstanding anything to the contrary, in order to receive any payments or
benefits under Section 4(b), Executive must (i) timely execute and deliver (and not revoke) a separation agreement and general release of claims in favor of the Company, any affiliates or related entities, and their employees and
affiliates, in the form and content attached as Exhibit A hereto (a “Release”), within the time period specified in the Release, but in no event may the effective date of the Release be later than the 55th day following Executive’s Termination Date, and
(ii) continue to fully comply with all of his post employment obligations to the Company including without limitation Sections 5 and 6 herein. 
 g. Golden Parachute Excise Tax. In the event that it is determined that any payment or distribution of any type to or for the benefit of the Executive made by the Company, by any of its
affiliates, by any person who acquires ownership or effective control of the Company or ownership of a substantial portion of the Company’s assets (within the meaning of Code Section 280G, and the regulations thereunder or by any affiliate
of such person, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise (the “Total Payments”), would be subject to the excise tax imposed by Code Section 4999 or any
interest or penalties with respect to such excise tax (such excise tax, together with any such interest or penalties, are collectively referred to as the “Excise Tax”), then such payments or distributions shall be payable either in
(x) full or (y) as to such lesser amount which would result in no portion of such payments or distributions being subject to the Excise Tax and Executive shall receive the greater, on an after-tax basis, of (x) or (y) above. In
order to produce the best possible after-tax result for Executive, Executive hereby agrees to the reduction of any payments or benefits under this Agreement, as well as any other payments or benefits provided for under agreements entered into
between Executive and the Company that are included in the calculation of the Total Payments, such as, for example, the accelerated vesting of equity awards. All mathematical determinations and all determinations of whether any of the Total Payments
are “parachute payments” (within the meaning of Code Section 280G) that are required to be made under this Section 4(g), shall be made by a nationally recognized independent audit firm not retained by the Company at the time of
the Change in Control (the “Accountants”), who shall provide their determination, together with detailed supporting calculations regarding the amount of any relevant matters, both to the Company and to the Executive within seven
(7) business days of the Executive’s Termination Date, if applicable, or such earlier time as is requested by the Company. Such determination shall be made by the Accountants using reasonable good faith interpretations of the Code. Any
determination by the Accountants shall be binding upon the 

  
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Company and the Executive, absent manifest error. If a reduction in the Total Payments constituting “parachute payments” is necessary so that no portion of such Total Payments is
subject to the excise tax under Code Section 4999, the reduction shall occur in the following order: (1) reduction of cash payments for which the full amount is treated as a parachute payment; (2) cancellation of accelerated vesting
(or, if necessary, payment) of cash awards for which the full amount in not treated as a parachute payment; (3) cancellation of any accelerated vesting of equity awards; and (4) reduction of any continued employee benefits. In selecting
the equity awards (if any) for which vesting will be reduced under clause (3) of the preceding sentence, awards shall be selected in a manner that maximizes the after-tax aggregate amount of Total Payments provided to Executive, provided that
if (and only if) necessary in order to avoid the imposition of an additional tax under Code Section 409A, awards instead shall be selected in the reverse order of the date of grant. For the avoidance of doubt, for purposes of measuring an
equity compensation award’s value to Executive when performing the foregoing comparison between (x) and (y), such award’s value shall equal the then aggregate fair market value of the vested shares underlying the award less any
aggregate exercise price less applicable taxes. Also, if two or more equity awards are granted on the same date, each award will be reduced on a pro-rata basis. In no event shall the Executive have any discretion with respect to the ordering of
payment reductions. As expressly permitted by Q/A #32 of the Code Section 280G regulations, with respect to performing any present value calculations that are required in connection with this Section 4(g), Executive and Company each
affirmatively elect to utilize the Applicable Federal Rates (“AFR”) that are in effect as of the Effective Date and the Accountants shall therefore use such AFRs in their determinations and calculations. The Company shall pay the
fees and costs of the Accountants which are incurred in connection with this Section 4(g). 
 5. EXECUTIVE TERMINATION OBLIGATIONS

 a. Return of Property. Executive agrees that all property (including without limitation all equipment,
tangible proprietary information, documents, records, notes, contracts and computer-generated materials) furnished to or created or prepared by Executive incident to Executive’s employment belongs to the Company and shall be promptly returned
to the Company upon termination of Executive’s employment. 
 b. Resignation and Cooperation. Upon
termination of Executive’s employment for any reason, Executive shall be deemed to have resigned from all offices and directorships then held with the Company, and any of its affiliates, as of Executive’s last day of employment and
Executive agrees that he will timely take any action requested by the Company to confirm any such resignations. Following any termination of employment, Executive shall cooperate with the Company in the winding up of pending work on behalf of the
Company and the orderly transfer of work to other employees. Executive shall also cooperate with the Company in the defense of any action brought by any third party against the Company that relates to Executive’s employment by the Company.

 c. Continuing Obligations. Executive understands and agrees that Executive’s obligations under Sections 5
through 8 herein (including Exhibit A and Exhibit C) shall survive the termination of Executive’s employment for any reason and the termination of this Agreement. 

  
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 d. Clawback Policy. Without limiting the requirement in Section 1 that
Executive will strictly adhere to and obey Company policies, Executive understands and agrees that the Company may in the future implement a policy on the recoupment of compensation (“Clawback Policy”). As a result, Executive may be
required to repay to the Company certain previously paid compensation in accordance with any such Clawback Policy and/or in accordance with applicable law. 
 6. INVENTIONS AND PROPRIETARY INFORMATION 
 Executive has signed and agrees to be bound by
the terms of the Company’s Proprietary Information and Inventions Agreement, which is attached as Exhibit C (“Proprietary Information Agreement”). 
 7. ARBITRATION 
 The Company and Executive agree that any dispute or controversy arising out
of, relating to, or in connection with Executive’s employment with the Company, severance of Executive’s employment with the Company, this Agreement, or the interpretation, validity, construction, performance, breach, or termination
thereof shall be settled by arbitration to be held in San Diego, California, in accordance with the Judicial Arbitration and Mediation Service/Endispute, Inc. (“JAMS”) rules for employment disputes then in effect (the
“Rules”). The arbitrator may grant injunctions or other relief in such dispute or controversy. The decision of the arbitrator shall be final, conclusive and binding on the parties to the arbitration. Judgment may be entered on the
arbitrator’s decision in any court having jurisdiction. The arbitrator shall apply California law to the merits of any dispute or claim. The Company shall pay the arbitration costs, to the extent required by law. Executive hereby expressly
consents to the personal jurisdiction of the state and federal courts located in San Diego, California for any action or proceeding arising from or relating to this Agreement or relating to any arbitration in which the parties are participants. The
parties may apply to any court of competent jurisdiction for a temporary restraining order, preliminary injunction, or other interim or conservatory relief, as necessary, without breach of this arbitration agreement and without abridgment of the
powers of the arbitrator. EXECUTIVE HAS READ AND UNDERSTANDS THIS SECTION, WHICH DISCUSSES ARBITRATION. EXECUTIVE UNDERSTANDS THAT BY SIGNING THIS AGREEMENT, EXECUTIVE AGREES TO SUBMIT ANY FUTURE CLAIMS ARISING OUT OF, RELATING TO, OR IN CONNECTION
WITH EXECUTIVE’S EMPLOYMENT OR TERMINATION THEREOF, OR THE INTERPRETATION, VALIDITY, CONSTRUCTION, PERFORMANCE OR BREACH OF THIS AGREEMENT, TO BINDING ARBITRATION, AND THAT THIS ARBITRATION CLAUSE CONSTITUTES A WAIVER OF EXECUTIVE’S RIGHT
TO A JURY TRIAL AND RELATES TO THE RESOLUTION OF ALL DISPUTES RELATING TO ALL ASPECTS OF THE EMPLOYER/EXECUTIVE RELATIONSHIP, INCLUDING BUT NOT LIMITED TO, DISCRIMINATION CLAIMS. 

  
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 8. AMENDMENTS; WAIVERS; REMEDIES 
 This Agreement may not be amended or waived except by a writing signed by Executive and by an officer or director authorized by the Company’s Board which expressly references this Section. Failure to
exercise any right under this Agreement shall not constitute a waiver of such right. Any waiver of any breach of this Agreement shall not operate as a waiver of any subsequent breaches. All rights or remedies specified for a party herein shall be
cumulative and in addition to all other rights and remedies of the party hereunder or under applicable law. 
 9. ASSIGNMENT; BINDING EFFECT

 a. Assignment. The performance of Executive is personal hereunder, and Executive agrees that Executive shall
have no right to assign and shall not assign or purport to assign any rights or obligations under this Agreement. This Agreement may be assigned or transferred by the Company; and nothing in this Agreement shall prevent the consolidation, merger or
sale of the Company or a sale of any or all or substantially all of its assets. 
 b. Binding Effect. Subject to
the foregoing restriction on assignment by Executive, this Agreement shall inure to the benefit of and be binding upon each of the parties; the affiliates, officers, directors, agents, successors and assigns of the Company; and the heirs, devisees,
spouses, legal representatives and successors of Executive. 
 10. NOTICES 
 All notices or other communications required or permitted hereunder shall be made in writing and shall be deemed to have been duly given if delivered: (a) by hand delivery or dispatched by electronic
facsimile transmission (with receipt thereof confirmed orally by the person to whom addressed, including those to receive copies thereof, below); (b) by a nationally recognized overnight courier service such as FedEx, UPS, or DHL; or
(c) by United States first class registered or certified mail, return receipt requested, to the Company, addressed to the Company’s Chief Financial Officer with mandatory copies to the Company’s Chief Executive Officer and Secretary
at its corporate office in San Diego, California or to Executive at Executive’s residence. The date of notice shall be deemed to be the earlier of (i) actual receipt of notice by any permitted means, or (ii) three business days
following dispatch by overnight delivery service or (iii) five business days after mailing in the United States Mail. Executive shall be obligated to notify the Company in writing of any change in Executive’s address. Notice of change of
address shall be effective only when done in accordance with this paragraph. 
 11. SEVERABILITY 

If any provision of this Agreement shall be held by a court or arbitrator to be invalid, unenforceable, or void, such provision shall be enforced to the
fullest extent permitted by law, and the remainder of this Agreement shall remain in full force and effect. In the event that the time period or scope of any provision is declared by a court or arbitrator of competent jurisdiction to exceed the
maximum time period or scope that such court or arbitrator deems enforceable, then such court or arbitrator shall reduce the time period or scope to the maximum time period or scope permitted by law. 

  
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 12. TAXES 
 All amounts paid under this Agreement shall be paid less all applicable state and federal tax withholdings and any other withholdings required by any applicable jurisdiction. The Company (including
without limitation members of the Board) shall not be liable to Executive or other persons as to any unexpected or adverse tax consequence realized by Executive and Executive shall be solely responsible for the timely payment of all taxes arising
from this Agreement that are imposed on Executive. This Agreement is intended to comply with the applicable requirements of Code Section 409A and shall be limited, construed and interpreted in a manner so as to comply therewith. Each payment
made pursuant to any provision of this Agreement shall be considered a separate payment and not one of a series of payments for purposes of Code Section 409A. While it is intended that all payments and benefits provided under this Agreement to
Executive will be exempt from or comply with Code Section 409A, the Company makes no representation or covenant to ensure that the payments under this Agreement are exempt from or compliant with Code Section 409A. The Company will have no
liability to Executive or any other party if a payment or benefit under this Agreement is challenged by any taxing authority or is ultimately determined not to be exempt or compliant. In addition, if upon Executive’s Termination Date, Executive
is then a “specified employee” (as defined in Code Section 409A), then solely to the extent necessary to comply with Code Section 409A and avoid the imposition of taxes under Code Section 409A, the Company shall defer
payment of “nonqualified deferred compensation” subject to Code Section 409A payable as a result of and within six (6) months following Executive’s Termination Date until the earlier of (i) the first business day of the
seventh month following Executive’s Termination Date or (ii) ten (10) days after the Company receives written confirmation of Executive’s death. Any such delayed payments shall be made without interest. 

13. GOVERNING LAW AND FORUM 
 This
Agreement shall be governed by and construed in accordance with the laws of the State of California. The parties hereby agree that the sole and exclusive forum for resolution of any dispute relating to this Agreement shall be in San Diego,
California, the parties hereby submit to personal jurisdiction of state and federal courts and the arbitrator in San Diego, California to resolve any disputes relating to this Agreement. 
 14. INTERPRETATION 
 This Agreement shall be construed as a whole, according to its fair
meaning, and not in favor of or against any party. Sections and section headings contained in this Agreement are for reference purposes only, and shall not affect in any manner the meaning or interpretation of this Agreement. Whenever the context
requires, references to the singular shall include the plural and the plural the singular. 
 15. OBLIGATIONS SURVIVE TERMINATION OF
EMPLOYMENT 
 Executive agrees that any and all of Executive’s obligations under this Agreement, including but not limited to Exhibit
A and Exhibit C, shall survive the termination of employment and the termination of this Agreement. 

  
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 16. COUNTERPARTS 
 This Agreement may be executed in any number of counterparts, each of which shall be deemed an original of this Agreement, but all of which together shall constitute one and the same instrument.

 17. AUTHORITY 
 Each party
represents and warrants that such party has the right, power and authority to enter into and execute this Agreement and to perform and discharge all of the obligations hereunder; and that this Agreement constitutes the valid and legally binding
agreement and obligation of such party and is enforceable in accordance with its terms. 
 18. ENTIRE AGREEMENT 

This Agreement and its exhibits, the Company’s Stock Plan, and any other agreements referenced herein, as amended or superseded from time to time,
contain the final, complete, and exclusive statement of the terms of Executive’s employment by the Company and may not be contradicted by evidence of any prior or contemporaneous statements or agreements, except for agreements specifically
referenced herein or any outstanding written equity award agreements under the Stock Plan and supersede any and all prior written or oral understandings. To the extent that the practices, policies or procedures of the Company, now or in the future,
apply to Executive and are inconsistent with the terms of this Agreement, the provisions of this Agreement shall control. Any subsequent change in Executive’s duties, position, or compensation will not affect the validity or scope of this
Agreement. 
 19. EXECUTIVE ACKNOWLEDGEMENT 
 EXECUTIVE ACKNOWLEDGES EXECUTIVE HAS HAD THE OPPORTUNITY TO CONSULT LEGAL COUNSEL CONCERNING THIS AGREEMENT, THAT EXECUTIVE HAS READ AND UNDERSTANDS THE AGREEMENT, THAT EXECUTIVE IS FULLY AWARE OF ITS
LEGAL EFFECT, AND THAT EXECUTIVE HAS ENTERED INTO IT FREELY BASED ON EXECUTIVE’S OWN JUDGMENT AND NOT ON ANY REPRESENTATIONS OR PROMISES OTHER THAN THOSE CONTAINED IN THIS AGREEMENT. 

[Signature Page Follows] 

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

  

			
	 ORANGE 21 INC.
	 	EXECUTIVE
		
	 /s/ Carol Montgomery
	 	 /s/ Michael Angel

	 By:   Carol Montgomery

        Its: Chief Executive Officer
	 	Michael Angel

  
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 EXHIBIT A 
 GENERAL RELEASE OF CLAIMS AND COVENANT NOT TO SUE 
 This
General Release of Claims and Covenant Not to Sue (hereinafter “Release”) is entered into this [            ] day of
[            ], by and between [            ] (“Executive”) and
[            ] (“Company”) (together, the “Parties”). This Release is effective only if (i) it has been executed by the Executive after
his termination of employment with the Company; (ii) such executive Release has been provided to the Company on or before [INSERT DATE THAT IS 45th DAY AFTER TERMINATION DATE] and (iii) the
revocation period has expired without revocation as set forth in Section 22 below (the “Effective Date”). 
 RECITALS 
 A. On
[            ], Executive became employed by the Company according to the terms and conditions of the Executive Employment Agreement between the Parties (“Employment
Agreement”). 
 B. The Company and Executive mutually agree that on or about
[            ], (i) Executive’s employment with the Company was terminated (a “Qualifying Termination”) on [DATE] (the “Termination
Date”), and (ii) that Executive will release the Company and its affiliates from any and all claims as of the Effective Date. 
 C. According to the terms and conditions of the Employment Agreement, Executive is entitled to certain severance payments and other benefits if Executive timely executes and does not revoke this Release.
By execution hereof, Executive understands and agrees that this Release is a compromise of doubtful and disputed claims, if any, which remain untested; that there has not been a trial or adjudication of any issue of law or fact herein; that the
terms and conditions of this Release are in no way to be construed as an admission of liability on the part of the Company and that the Company denies any liability and intends merely to avoid litigation with this Release. 

AGREEMENT 
 NOW THEREFORE
FOR MUTUAL CONSIDERATION, the receipt and sufficiency of which the Parties hereto acknowledge, the Parties agree as follows: 

1. Executive and the Company acknowledge and agree that Executive’s employment with the Company terminated as of the close of
business on the Termination Date without regard to whether Executive signs this Release or agrees to the following terms and conditions, and that such termination was treated as a Qualifying Termination by the Company. As of the Termination Date, it
is mutually agreed that Executive is no longer an employee or director of the Company and no longer holds any positions or offices with the Company. 
 2. In consideration for Executive’s general release of all claims set forth below and Executive’s other obligations under this Release and in satisfaction of all of the Company’s
obligations to Executive and further provided that: (i) this Release is signed by Executive and 

  
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delivered to the Company on or before [DATE], (ii) this Release is not revoked by Executive under Section 22 below and therefore becomes effective on or before [DATE],
(iii) Executive remains in continuing material compliance with all of the terms of this Release, and (iv) the termination of Executive’s employment with the Company is treated as a Qualifying Termination by the Company, then the
Company agrees to provide (and continue to provide) the separation benefits specified in Section 3(a) below to Executive. 

3. The Company will provide to Executive the payments and benefits specified in Section 4(b) of the Employment Agreement, subject to
Section 4(f) of the Employment Agreement. Subject to Section 3(a) below, such payments and benefits will be provided to Executive at the times specified in the Employment Agreement. 

(a) All payments or benefits made under this Release to Executive shall be subject to applicable tax withholding laws and regulations and
Executive shall be required to timely and fully satisfy any such withholding as a condition of receipt of any payments or benefits. The terms of Section 12 of the Employment Agreement are also applicable to this Release and to all payments and
benefits provided hereunder. 
 (b) The payments to Executive hereunder shall be considered as including any and all payments by
the Company that could or in fact become payable in connection with the Executive’s termination of employment pursuant to any applicable legal requirements, including, without limitation, the Worker Adjustment and Retraining Notification Act
(the “WARN” Act), California Labor Code sections 1400-1408, or any other similar foreign, federal or state law. 
 (c) Executive represents and warrants to the Company that, as of the Effective Date, the payments set forth in Section 3 herein constitute all payments or obligations owed by the Company to Executive
in connection with any employment, severance, retention, or a change in control plan or arrangement. 
 4. In exchange for the
Company’s promises set forth herein, all of which are good and valuable consideration, Executive hereby covenants not to sue and releases and forever discharges the Company, its owners, parents, subsidiaries, attorneys, insurers, agents,
employees, stockholders, directors, officers, affiliates, predecessors and successors of and from any and all rights, claims, actions, demands, causes of action, obligations, attorneys’ fees, costs, damages, and liabilities of whatever kind or
nature, in law or in equity, that Executive may have (whether known or not known) (collectively, “Claims”), accruing to Executive as of the Effective Date, that Executive has ever had, including but not limited to Claims based on and/or
arising under Title VII of the Civil Rights Act of 1964, as amended, The Americans with Disabilities Act, The Family Medical Leave Act, The Equal Pay Act, The Employee Retirement Income Security Act, The Fair Labor Standards Act, and/or the
California Fair Employment and Housing Act; The California Constitution, The California Government Code, The California Labor Code, The Industrial Welfare Commission’s Orders, the Worker Adjustment and Retraining Notification Act, California
Labor Code sections 1400-1408, and any and all other Claims Executive may have under any other federal, state or local Constitution, Statute, Ordinance and/or Regulation; and all other Claims arising under common law including but not limited to
tort, express and/or implied contract and/or quasi-contract, arising out of or, in any way, related to Executive’s previous relationship with the Company as an employee, consultant and/or director.

  
 -13-

 
Furthermore, Executive acknowledges that Executive is waiving and releasing any rights Executive may have under the Older Workers Benefit Protection Act and Age Discrimination in Employment Act
of 1967 (“ADEA”), as amended, and that this waiver and release is knowing and voluntary. Executive acknowledges that the consideration given for this waiver and release is in addition to anything of value to which Executive was already
entitled. 
 5. Executive irrevocably and absolutely agrees that Executive will not prosecute nor cooperate with any prosecution
on Executive’s behalf in any administrative agency, whether federal or state, or in any court, whether federal or state, any claim or demand of any type related to the matters released in Section 1, it being an intention of the Parties
that with the execution of this Release, the Company and its past and present affiliates, owners, directors, officers, employees, agents, attorneys, heir, representatives, legatees, stockholders, insurers, divisions, successors and/or assigns and
any related holding, parent or subsidiary corporations will be absolutely, unconditionally and forever discharged of and from all obligations to or on behalf of the other related in any way to the matters released in Section 1. 

6. Executive agrees to treat all matters related to this Release as confidential (“Confidential Information”); provided,
however, that nothing herein shall be deemed to preclude Executive from giving statements, affidavits, depositions, testimony, declarations, or other disclosures required by or pursuant to legal process, or from disclosing Confidential Information
to Executive’s legal counsel, tax advisor or spouse. Similarly, Executive shall not make, issue, disseminate, publish, print or announce any news release, public statement or announcement with respect to the Confidential Information, or any
aspect thereof, the reasons therefore and the terms of this Release. 
 7. Executive agrees not to (i) make any unfavorable
or disparaging comments or remarks (whether written or oral) to third parties regarding the Company or its officers, directors and employees); or (ii) endorse, approve, disseminate, or assist in the dissemination of, any unfavorable or
disparaging comments or remarks (whether written or oral) made by any third party regarding the Company or its officers, directors and employees. 
 8. Executive and the Company do certify that Executive and the Company have read all of this Release, and that Executive and the Company fully understands all of the same. As part of this Release,
Executive expressly releases, waives and relinquishes all rights under Section 1542 of the California Civil Code which states: 
 “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS 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.” 
 Executive acknowledges that he may later discover facts in addition to
or different from those which Executive now knows, or believes to be true, with respect to any of the subject matters of this Release, but that it is nevertheless Executive’s intention to settle and release any and all Claims released herein.

  
 -14-

 9. Executive and the Company further declare and represent that no promise, inducement or
agreement not herein expressed has been made to either and that this Release contains the full and entire agreement between and among the Parties, and that the terms of this Release are contractual and not a mere recital. 

10. The validity, interpretation, and performance of this Release shall be construed and interpreted according to the laws of the State
of California. 
 11. This Release may be pleaded as a full and complete defense and may be used as the basis for an injunction
against any action, suit or proceeding that may be prosecuted, instituted or attempted by either Party in breach thereof. 
 12.
If any provision of this Release, or part thereof, is held invalid, void or voidable as against the public policy or otherwise, the invalidity shall not affect other provisions, or parts thereof, which may be given effect without the invalid
provision or part. To this extent, the provisions, and parts thereof, of this Release are declared to be severable. 
 13. It is
understood that this Release is not an admission of any liability by any person, firm association or corporation but is in compromise of any disputed claim. 
 14. Executive reaffirms that he will continue to be bound by, and will continue to comply with, all of the terms and conditions and covenants in Sections 5 and 6 of the Employment Agreement and also all
terms and conditions of the Proprietary Information Agreement (as such term is defined in the Employment Agreement). 
 15.
Executive represents and warrants to the Company that, as of the Effective Date, Executive has no outstanding agreement or obligation that is in conflict with any of the provisions of this Release, or that would preclude Executive from complying
with the provisions hereof, and further certifies that Executive will not enter into any such conflicting agreement. 
 16.
Executive represents and warrants to the Company that, as of the Effective Date, Executive has not filed any claim against the Company or its affiliates and has not assigned to any third party any claims against the Company or its affiliates.

 17. Executive acknowledges that he has received payment for all salary and unused vacation time, each accrued through the
Termination Date, Executive acknowledges that these payments represent all such monies due to Executive through the Termination Date. In light of the payment by the Company of all wages due to Executive (excluding any additional amounts payable to
Executive under Section 4(b) of the Employment Agreement), California Labor Code Section 206.5 is not applicable to the Parties hereto. That section provides in pertinent part as follows: 

No employer shall require the execution of any release of any claim or right on account of wages due, or to become due, or made as an
advance on wages to be earned, unless payment of such wages has been made. 

  
 -15-

 18. The terms of Sections 5 through 19 of the Employment Agreement are also applicable to
this Release. 
 19. This Release, and the surviving provisions of the Employment Agreement, represents the entire agreement and
understanding between the Parties as to the subject matter hereof and supersedes all prior agreements whether written or oral. The terms of this Release have been voluntarily agreed to by Executive and Company, and the language used in this Release
shall be deemed to be the language chosen to express the mutual intent of the Parties. This Release shall be construed without regard to any presumption or rule requiring construction against Company or Executive, or in favor of the Party receiving
a particular benefit under this Agreement. 
 20. This Release may only be amended in a writing signed by Executive and an
authorized representative of the Company and which expressly references that this Release is being amended. No waiver, alteration, or modification of any of the provisions of this Release will be binding unless in writing and signed by the Party
against whom enforcement of the change or modification is sought. Failure or delay on the part of either Party hereto to enforce any right, power, or privilege hereunder will not be deemed to constitute a waiver thereof. Additionally, a waiver by
either Party or a breach of any promise hereof by the other Party will not operate as or be construed to constitute a waiver of any subsequent waiver by such other Party. 
 21. Executive expressly represents, acknowledges and agrees that this Release includes a waiver and release of all claims which Executive has or may have under the ADEA. As part of the waiver and release
of ADEA claims under this Release, Executive represents, acknowledges and agrees that the Company has advised him, in writing, to discuss this Release with an attorney, and that to the extent, if any, that Executive has desired, Executive has done
so; that the Company has given Executive at least twenty-one (21) days to review and consider this Release before signing it, and Executive understands that Executive may use as much of this twenty-one (21) day period as Executive wishes
prior to signing; that no promise, representation, warranty or agreements not contained herein have been made by or with anyone to cause Executive to sign this Release; that Executive has read this Release in its entirety, and fully understands and
is aware of its meaning, intent, contents and legal effect; and that Executive is executing this Release voluntarily, and free of any duress or coercion. 
 22. The Parties acknowledge that for a period of seven (7) days following the execution of this Release by Executive, Executive may revoke the Release, and the Release shall not become effective or
enforceable until the revocation period has expired. This Release shall become effective eight (8) days after it is signed by Executive. 
 23. Executive represents and warrants that he has the capacity to act on his own behalf and on behalf of all who might claim through Executive to bind them to the terms and conditions of this Release.
Executive warrants and represents that there are no liens or claims of lien or assignments in law or equity or otherwise of or against any of the claims or causes of action released herein. 

  
 -16-

 24. This Release may be executed in multiple counterparts, each of which when together shall
be deemed to constitute the executed original, and each counterpart shall have the same force and effect as an original and shall constitute an effective, binding agreement on the part of the undersigned. 

IN WITNESS WHEREOF, the undersigned have executed this Release on the dates shown below. 

 

							
	 ORANGE 21 INC.
	 		 	[NAME]	 	
				
	
                        
                                         
                             
	 		 	                             
                                         
                         	 	
	
By:                       
                                         
                       
	 		 	[Name]	 	
	
Its:                       
                                         
                        
	 		 		 	
				
	
Dated:                       
                                         
                 
	 		 	Dated:                            
                                         
             	 	

  
 -17-Michael D. Angel Form of Change in Control Severance Agreement

 Exhibit 10.4 
 CHANGE IN CONTROL SEVERANCE AGREEMENT 
 This CHANGE IN CONTROL SEVERANCE
AGREEMENT (this “Agreement”), dated as of January,             , 2012 (the “Effective Date”), is made by and between ORANGE 21 Inc., a
Delaware corporation (the “Company”), and Michael Angel (“Executive”). 
 WITNESSETH:

 WHEREAS, Executive is a senior executive of the Company and has made and is expected to continue to make significant
contributions to the short- and long-term profitability, growth and financial strength of the Company; 
 WHEREAS, the Company
recognizes that, as is the case for most publicly-held companies, the possibility of a Change in Control exists; 
 WHEREAS, the
Company desires to assure itself of both present and future continuity of management and desires to establish certain severance benefits for valued executives such as Executive, applicable in the event of a Change in Control, and the Company has
therefore previously adopted the Plan which can provide severance benefits under certain circumstances; 
 WHEREAS, the Company
wishes to ensure that Executive is not practically disabled from discharging his duties in respect of a proposed or actual transaction involving a Change in Control; 
 WHEREAS, the Company desires to provide additional inducement for the Executive to continue to remain in the employ of the Company; 

WHEREAS, this Agreement is the Change in Control Severance Agreement described in the Plan and this Agreement enumerates the Plan
benefits that may be provided to Executive as referenced in Section II of the Plan; and 
 WHEREAS, the Compensation Committee
of the Board has authorized the Company to enter into this Agreement in order for Executive to become a participant in the Plan as provided by the Plan. 
 NOW, THEREFORE, the Company and Executive agree as follows: 
 1. Certain Defined
Terms. In addition to terms defined elsewhere herein or in the Plan, the following terms have the following meanings when used in this Agreement with initial capital letters: 

(a) “Base Pay” means Executive’s annual base salary rate as in effect from time to time. 

(b) “Board” means the Board of Directors of the Company. 

(c) “Cause” means any of the following, each as determined in the discretion of the Company’s (or its
successor’s) Board of Directors or Chief Executive 

  
 -1-

 
Officer: (i) Executive engages in a material act of misconduct, including but not limited to misappropriation of trade secrets, fraud or embezzlement, (ii) Executive commits a crime
involving dishonesty, breach of trust, physical harm to any person, or moral turpitude, (iii) Executive refuses to implement or follow a lawful policy or directive of the Company or engages in other willful misconduct in the performance of
Executive’s duties, (iv) Executive engages in misfeasance or malfeasance demonstrated by Executive’s failure to perform Executive’s job duties diligently and/or in a professional manner, or (v) Executive violates a Company
policy or procedure which is materially injurious to the Company, including but not limited to violation of the Company’s policy concerning sexual harassment, discrimination, retaliation, conflicts of interest, or drugs or alcohol.
Notwithstanding the foregoing, Executive’s employment shall not be deemed to have been terminated for “Cause” under (ii) above unless and until there shall have been delivered to the Executive a copy of a resolution duly adopted
by the affirmative vote of not less than a majority of the Board then in office at a meeting of the Board called and held for such purpose, after reasonable notice to the Executive and an opportunity for the Executive, together with the
Executive’s counsel (if the Executive chooses to have counsel present at such meeting), to be heard before the Board, finding that, in the good faith opinion of the Board, the Executive had committed an act constituting “Cause” and
specifying the particulars thereof in detail. Nothing herein will limit the right of the Executive or his beneficiaries to contest the validity or propriety of any such determination. 

(d) “Change in Control” means any of the following transactions, provided, however, that the Company shall
determine whether multiple or successive transactions are related to constitute a Change in Control, and its determination shall be final, binding and conclusive: 

(1) any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becomes the
“beneficial owner” (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of securities of the Company representing fifty-one percent (51%) or more of the total voting power represented by the Company’s then
outstanding voting securities; 
 (2) the consummation of the sale, liquidation or disposition by the Company of
all or substantially all of the Company’s assets; or 
 (3) the consummation of a merger, consolidation,
reorganization or other corporation transaction involving the Company, in each case, in which the voting securities of the Company outstanding immediately prior thereto do not continue to represent (either by remaining outstanding or by being
converted into voting securities of the surviving entity or its parent) at least fifty-one percent (51%) of the total voting power represented by the voting securities of the Company or such surviving entity or its parent outstanding
immediately after such transaction. 
 Notwithstanding the foregoing, no transaction nor series of related transactions
described in (1) through (3) above with a Disqualified Party as the acquiring party shall be treated 

  
 -2-

 
as a Change in Control under the Agreement; provided, further, that a transaction shall not constitute a Change in Control if its sole purpose is to change the state of the Company’s
incorporation. 
 (e) “Code” means the Internal Revenue Code of 1986, as amended. 

(f) “Disqualified Party” shall mean any of Costa Brava Partnership III, L.P., Roark, Rearden & Hamot,
LLP, Seth W. Hamot, an individual, and any affiliates of the foregoing entities and individual. 
 (g)
“ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 
 (h) “Exchange
Act” means the Securities Exchange Act of 1934, as amended. 
 (i) “Good Reason” means that one or
more of the following have occurred without the Executive’s written consent: 
 (1) Executive has
experienced a material diminution in Base Pay after the Company’s public announcement of a Change in Control; 
 (2) Executive has experienced a material diminution in his authority, duties or responsibilities as in effect immediately prior to the Company’s public announcement of a Change in Control; provided,
however, that a material diminution in his authority, duties or responsibilities shall not be deemed to have occurred solely on account of a change in the Executive’s authority, duties, responsibilities or title or a change with respect to whom
such Executive reports or who reports to such Executive, in each case, without his consent following a Change in Control, if any such change is to conform the Executive’s authority, duties and responsibilities to those of a management-level
position consistent with the Company’s organization and related needs, following the Change in Control; 

(3) Executive has been notified that he/she will experience a material change in the geographic location at which he/she
must perform his services to the Company after a Change in Control; or 
 (4) The Company has materially breached
this Agreement provided that the effective date of any such material breach cannot occur until on or after a Change in Control. 

For purposes of this Agreement, Executive may resign his employment from the Company for “Good Reason” within sixty
(60) days after the date that any one of the events shown above in (1) through (4) has first occurred without Executive’s written consent within twelve (12) months following the Change in Control. Executive’s
resignation for Good Reason will only be effective if the Company has not cured or remedied the Good Reason event within thirty (30) days after its receipt of the written 

  
 -3-

 
notice. Such written notice must be provided to the Company within the earlier of (i) thirty (30) days of the initial existence of the purported Good Reason event, or (ii) fifteen
(15) days following the first anniversary of the Change in Control, and shall describe in detail the basis and underlying facts supporting Executive’s belief that a Good Reason event has occurred. Failure to timely provide such written
notice to the Company means that Executive will be deemed to have consented to and irrevocably waived the potential Good Reason event. If the Company does timely cure or remedy the Good Reason event, then Executive may either resign his employment
without Good Reason or Executive may continue to remain employed subject to the terms of this Agreement. 
 (j)
“Plan” means the ORANGE 21 Inc. Change in Control Severance Plan. 
 (k)
“Termination Date” means the Executive’s last day of employment with the Company (and any Company subsidiary or affiliate) and where such termination of employment constitutes a “separation from service” within the meaning
of Code Section 409A. 
 2. Termination Following a Change in Control. If employment of Executive is either
(i) terminated by the Company without Cause within twelve (12) months following a Change in Control, or (ii) terminated by Executive for Good Reason within fourteen (14) months following a Change in Control, then, in each case,
the following subsections in this Section 2 shall apply (with Sections 2(a), 2(b), 2(c) and 2(d) being subject to the effectiveness of the release of claims and covenant not to sue referenced in Section 2(f) below): 

(a) The Company shall pay to Executive as severance benefits an amount equal to eighteen (18) months of Base Salary
(“Severance”), payable in regular periodic installments in accordance with the customary payroll practices of the Company, with the first such installment commencing on the 60th day after Executive’s Termination Date (in an
amount equal to two months of Base Salary) and then continuing thereafter in pro-rata amounts on the Company’s regular pay dates until the full Severance is paid eighteen (18) months following the Termination Date. 

(b) The Company will continue to pay the cost (to the same extent that the Company was doing so immediately before the
Termination Date) for group health plan continuation coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”) to the same extent provided under the Company’s group health plan (including medical,
dental and vision benefits) in which Executive and Executive’s eligible dependent(s), if any, were covered immediately before the Termination Date for eighteen (18) months commencing on the first day of the month following the month of the
Termination Date (or such earlier date that Executive’s group health plan coverage would otherwise cease as a result of Executive’s termination of employment), or until Executive becomes eligible for group insurance benefits from another
employer, whichever occurs first, provided that Executive timely elects COBRA coverage (“COBRA Benefits”). Executive agrees at any time either before or during the period of time Executive is receiving the COBRA Benefits to inform
the Company promptly in writing if Executive becomes eligible to receive group health coverage from another 

  
 -4-

 
employer. The period of such COBRA Benefits shall be considered part of Executive’s COBRA coverage entitlement period. 

(c) The Company shall pay to Executive an amount equal to unpaid “Annual Performance Target Bonus” for
the year in which Executive’s Termination Date occurs. The amount of any such bonus shall be paid in a lump sum payment on the 60th day after Executive’s Termination Date. “Annual Performance Target Bonus” shall have the
meaning set forth in Section 2(c) of the Executive’s Employment Agreement of which this Agreement is an Exhibit. 
 (d) As of his Termination Date, to the extent Executive holds any outstanding, unvested stock options or other equity compensation after taking into account any acceleration provisions of the applicable
Company stock incentive plan and underlying Stock Option Agreement, then there will be full acceleration of vesting of such stock options or other equity compensation. 

(e) As of his Termination Date, Executive shall also be paid for his accrued but unpaid salary and vacation, unreimbursed
valid business expenses that were submitted in accordance with Company policies and procedures, and is eligible for other vested benefits or insurance coverage through the end of the month in which the Termination Date occurs pursuant to the express
terms of any other Company-sponsored employee benefit plan or arrangement. 
 (f) In the event that it is
determined that any payment or distribution of any type to or for the benefit of the Executive made by the Company, by any of its affiliates, by any person who acquires ownership or effective control of the Company or ownership of a substantial
portion of the Company’s assets (within the meaning of Section 280G of the Code, and the regulations thereunder or by any affiliate of such person, whether paid or payable or distributed or distributable pursuant to the terms of this
Agreement or otherwise (the “Total Payments”), would be subject to the excise tax imposed by Section 4999 of the Code or any interest or penalties with respect to such excise tax (such excise tax, together with any such
interest or penalties, are collectively referred to as the “Excise Tax”), then such payments or distributions shall be payable either in (x) full or (y) as to such lesser amount which would result in no portion of such
payments or distributions being subject to the Excise Tax and Executive shall receive the greater, on an after-tax basis, of (x) or (y) above. In order to produce the best possible after-tax result for Executive, Executive hereby agrees to
the reduction of any payments or benefits under this Agreement, as well as any other payments or benefits provided for under agreements entered into between Executive and the Company that are included in the calculation of the Total Payments, such
as, for example, the accelerated vesting of equity awards. All mathematical determinations and all determinations of whether any of the Total Payments are “parachute payments” (within the meaning of Section 280G of the Code) that are
required to be made under this Section 2(f), shall be made by a nationally recognized independent audit firm not retained by the Company at the time of the Change in Control (the “Accountants”), who shall provide their
determination, together with detailed supporting calculations regarding the amount of any relevant matters, both to the Company and to the Executive within seven (7) business days of the Executive’s

  
 -5-

 
Termination Date, if applicable, or such earlier time as is requested by the Company. Such determination shall be made by the Accountants using reasonable good faith interpretations of the Code.
Any determination by the Accountants shall be binding upon the Company and the Executive, absent manifest error. If a reduction in the Total Payments constituting “parachute payments” is necessary so that no portion of such Total Payments
is subject to the excise tax under Section 4999 of the Code, the reduction shall occur in the following order: (1) reduction of cash payments for which the full amount is treated as a parachute payment; (2) cancellation of accelerated
vesting (or, if necessary, payment) of cash awards for which the full amount in not treated as a parachute payment; (3) cancellation of any accelerated vesting of equity awards; and (4) reduction of any continued employee benefits. In
selecting the equity awards (if any) for which vesting will be reduced under clause (3) of the preceding sentence, awards shall be selected in a manner that maximizes the after-tax aggregate amount of Total Payments provided to Executive,
provided that if (and only if) necessary in order to avoid the imposition of an additional tax under Section 409A of the Code, awards instead shall be selected in the reverse order of the date of grant. For the avoidance of doubt, for purposes
of measuring an equity compensation award’s value to Executive when performing the foregoing comparison between (x) and (y), such award’s value shall equal the then aggregate fair market value of the vested shares underlying the award
less any aggregate exercise price less applicable taxes. Also, if two or more equity awards are granted on the same date, each award will be reduced on a pro-rata basis. In no event shall the Executive have any discretion with respect to the
ordering of payment reductions. As expressly permitted by Q/A #32 of the Code Section 280G regulations, with respect to performing any present value calculations that are required in connection with this Section 2(f), Executive and Company
each affirmatively elect to utilize the Applicable Federal Rates (“AFR”) that are in effect as of the Effective Date and the Accountants shall therefore use such AFRs in their determinations and calculations. The Company shall pay
the fees and costs of the Accountants which are incurred in connection with this Section 2(f). 
 (g) All
payments and benefits provided under Sections 2(a), 2(b), 2(c) and 2(d) are conditioned on and subject to the Executive’s continuing compliance with this Agreement and the Executive’s timely execution (and effectiveness) of a general
release of claims and covenant not to sue in substantially the form attached hereto as Exhibit A (or as may be reasonably modified by the Company in its reasonable discretion) (the “Release”). There is no entitlement
to any payments or benefits unless and until the Release is effective. The Release must become effective within fifty-five days after the Termination Date or else Executive will be deemed to have waived all rights to any payments or benefits under
this Agreement. To the extent Executive receives severance or similar payments and/or benefits (other than equity incentives) under any other Company-sponsored plan, program, agreement, policy, practice, or the like, or under the WARN Act or similar
state law, the payments and benefits due to Executive under this Agreement will be correspondingly reduced on a dollar-for-dollar basis (or vice-versa) in a manner that complies with Code Section 409A. 

  
 -6-

 3. Successors and Binding Agreement. 

(a) The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation, reorganization
or otherwise) to all or substantially all of the business or assets of the Company, by agreement in form and substance reasonably satisfactory to the Executive, expressly to assume and agree to perform this Agreement in the same manner and to the
same extent the Company would be required to perform if no such succession had taken place. This Agreement will be binding upon and inure to the benefit of the Company and any successor to the Company, including without limitation any persons
acquiring directly or indirectly all or substantially all of the business or assets of the Company whether by purchase, merger, consolidation, reorganization or otherwise (and such successor shall thereafter be deemed the “Company” for the
purposes of this Agreement), but will not otherwise be assignable, transferable or delegable by the Company. 

(b) This Agreement will inure to the benefit of and be enforceable by the Executive’s personal or legal
representatives, executors, administrators, successors, heirs, distributees and legatees. 
 (c) This Agreement
is personal in nature and neither of the parties hereto shall, without the consent of the other, assign, transfer or delegate this Agreement or any rights or obligations hereunder except as expressly provided in Sections 3(a) and 3(b). Without
limiting the generality or effect of the foregoing, the Executive’s right to receive payments hereunder will not be assignable, transferable or delegable, whether by pledge, creation of a security interest, or otherwise, other than by a
transfer by Executive’s will or by the laws of descent and distribution and, in the event of any attempted assignment or transfer contrary to this Section 3(c), the Company shall have no liability to pay any amount so attempted to be
assigned, transferred or delegated. 
 4. No Retention Rights. This Agreement is not an employment agreement and does not
give the Executive the right to be retained by the Company (or its subsidiaries or affiliates) and, unless the Executive’s employment is governed by an employment agreement entered into between Executive and the Company, the Executive agrees
that he/she is an employee-at-will. Subject to the terms and conditions of any employment agreement between Executive and the Company, the Company (or its subsidiaries or affiliates) reserves the right to terminate the Executive’s service as an
employee at any time and for any reason. 
 5. Notices. For all purposes of this Agreement, all communications, including
without limitation notices, consents, requests or approvals, required or permitted to be given hereunder will be in writing and will be deemed to have been duly given when hand delivered or dispatched by electronic facsimile transmission (with
receipt thereof orally confirmed by the person to whom addressed, including those to receive copies thereof, below), or five business days after having been mailed by United States first class registered or certified mail, return receipt requested,
postage prepaid, or three business days after having been sent by a nationally recognized overnight courier service such as FedEx, UPS, or DHL, addressed to the Company (to the attention of the Chief Financial Officer of the Company with mandatory
copies to the company’s Chief Financial Officer and Secretary) at its principal executive office and to the 

  
 -7-

 
Executive at his principal residence, or to such other address as any party may have furnished to the other in writing and in accordance herewith, except that notices of changes of address shall
be effective only upon receipt. 
 6. Validity. If any provision of this Agreement or the application of any provision
hereof to any person or circumstances is held invalid, unenforceable or otherwise illegal, the remainder of this Agreement and the application of such provision to any other person or circumstances will not be affected, and the provision so held to
be invalid, unenforceable or otherwise illegal will be reformed to the extent (and only to the extent) necessary to make it enforceable, valid or legal. 
 7. Dispute Resolution; Governing Law. Any dispute between the parties must be resolved pursuant to the claims procedures and other processes articulated in the Plan. This Agreement is governed by
ERISA and, to the extent applicable, the laws of the State of California, without reference to the conflict of law provisions thereof. 
 8. Miscellaneous. All provisions of this Agreement are subject to and governed by the terms of the Plan. No provision of this Agreement may be modified, waived or discharged unless such waiver,
modification or discharge is agreed to in writing signed by the Executive and the Company. No waiver by either party hereto at any time of any breach by the other party hereto or compliance with any condition or provision of this Agreement to be
performed by such other party will be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. The Plan and this Agreement constitute the entire agreement of the parties with respect to the
subject matter hereof and supersedes any and all prior agreements of the parties with respect to such subject matter. No agreements or representations, oral or otherwise, expressed or implied with respect to the subject matter hereof have been made
by either party which are not set forth expressly in this Agreement. 
 9. Counterparts. This Agreement may be executed
in one or more counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the same agreement. 
 10. Code Section 409A. This Agreement is intended to comply with the requirements of Code Section 409A and the regulations thereunder, and shall be interpreted in accordance with such
intention. In the event this Agreement or any benefit paid to Executive hereunder is deemed to be subject to Code Section 409A, Executive consents to the Company adopting such conforming amendments as the Company deems necessary, in its
reasonable discretion, to comply with Code Section 409A and avoid the imposition of taxes under Code Section 409A. Each payment made pursuant to any provision of this Agreement shall be considered a separate payment and not one of a series
of payments for purposes of Code Section 409A. While it is intended that all payments and benefits provided under this Agreement will be exempt from or comply with Code Section 409A, the Company makes no representation or covenant to
ensure that the payments under this Agreement are exempt from or compliant with Code Section 409A. The Company will have no liability to Executive or any other party if a payment or benefit under this Agreement is challenged by any taxing
authority or is ultimately determined not to be exempt or compliant. Executive further understands and agrees that Executive will be entirely responsible for any and all taxes on any benefits payable to Executive as a result of this

  
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Agreement. In addition, if Executive is a “specified employee” (within the meaning of Code Section 409A) at the time of his separation from service, then to the extent necessary to
comply with Code Section 409A and avoid the imposition of taxes under Code Section 409A, the payment of certain benefits owed to Executive under this Agreement will be delayed and instead paid (without interest) to Executive upon the
earlier of the first business day of the seventh month following Executive’s separation from service or ten (10) days after the Company receives written confirmation of the Executive’s death. 

11. Withholding. All payments and benefits made under this Agreement shall be subject to reduction to reflect any withholding
taxes or other amounts required by applicable law or regulation. 
 12. No Duty to Mitigate. Executive shall have no duty
to mitigate any of the payments or benefits that may be provided to Executive pursuant to this Agreement and none of this Agreement’s payments or benefits shall be offset by the Company or any other party. 

[SIGNATURE PAGE FOLLOWS] 

  
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 IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and delivered
as of the date first above written. By signing below, Executive acknowledges that he/she (i) has received a copy of the Plan and its Summary Plan Description and understands the terms of the Plan and this Agreement, (ii) is voluntarily
entering into this Agreement and (iii) is agreeing to be bound by the terms of the Plan and this Agreement. 
  

			
	 “COMPANY”
  

ORANGE 21 Inc.

		
	By:	 	 
		
	Its:	 	 

  

	
	
	“EXECUTIVE”
	
	  
	MICHAEL ANGEL

 [SIGNATURE PAGE TO CHANGE IN CONTROL SEVERANCE AGREEMENT] 

  
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 EXHIBIT A 
 RELEASE OF CLAIMS AND COVENANT NOT TO SUE 
 [FOR PERSONS AGE 40 AND
ABOVE] 
 This Release of Claims and Covenant Not To Sue (the “Release”) is entered into by
            (“Executive”). This Release is effective only if (i) it has been executed by the Executive after his termination of employment with ORANGE 21 Inc.
(the “Company”), (ii) such executed Release has been provided to the Company on or before [INSERT DATE THAT IS 45th DAY AFTER TERMINATION DATE] and (iii) the revocation period has expired without revocation as set forth in
Section 5(c) below. The Company and the Executive are collectively referred to herein as the Parties. 
 WHEREAS, Executive
was an employee of the Company and served as the Company’s [JOB TITLE]; 
 WHEREAS, Executive was a participant in
and a “Covered Employee” under the ORANGE 21 Inc. Change in Control Severance Plan (the “Plan”); 
 WHEREAS, pursuant to the Plan and the Change in Control Severance Agreement executed by the Parties on [DATE] (the “Severance Agreement”), the Executive is eligible for specified
severance benefits upon the occurrence of certain events with such benefits conditioned upon, among other things, the Executive’s timely execution and non-revocation of this Release; 

WHEREAS, the Company was subject to a Change in Control (as defined in the Severance Agreement) on [DATE]; 

WHEREAS, the Executive’s employment was terminated [by the Company without Cause] [by the Executive for Good Reason] [by
the Executive due to the inability to reach acceptable terms of employment with {Insert Name of Acquiring Party in Change in Control}] (as defined in the Severance Agreement) on [DATE] (the “Separation Date”); and 

WHEREAS, pursuant to the terms of the Plan and Severance Agreement, the Company has determined to treat the termination of
Executive’s employment as eligible for payment of certain severance benefits provided in the Severance Agreement. 
 NOW,
THEREFORE, the Executive agrees as follows: 
 1. Termination of Employment. Executive acknowledges and agrees that
Executive’s employment with the Company terminated as of the close of business on the Separation Date. As of the Separation Date, Executive agrees that he/she is no longer an employee of the Company and no longer holds any positions or offices
with the Company. 
 2. Separation Benefits. In consideration for the release of claims set forth below and other
obligations under this Release, the Plan and the Severance Agreement and in satisfaction of all of the Company’s obligations to Executive and further provided that (i) this Release is signed by Executive and not revoked by Executive under
Section 5(c) herein and (ii) the Executive 

  
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remains in continuing compliance with all of the terms of this Release, the Plan and the Severance Agreement, the Executive is eligible to receive the severance benefits specified in Sections
2(a), 2(b), 2(c) and 2(d) of the Severance Agreement (subject also to Section 2(f)) of the Severance Agreement). 
 3.
Integration. This Release, the Plan, and the Severance Agreement (and any agreements referenced therein) represent the entire agreement and understanding between the Parties as to the subject matter hereof and supersede all prior agreements
whether written or oral. 
 4. Right to Advice of Counsel. Executive acknowledges that Executive has had the opportunity
to fully review this Release and, if Executive so chooses, to consult with counsel, and is fully aware of Executive’s rights and obligations under this Release. 
 5. Executive’s Release of Claims. As of the Effective Date of this Release, Executive hereby expressly covenants not to sue and releases and waives any and all claims, liabilities, demands,
damages, penalties, debts, accounts, obligations, actions, grievances, and causes of action (collectively, “Claims”), whether now known or unknown, suspected or unsuspected, whether in law, in equity or in arbitration, of any kind or
nature whatsoever, which Executive has or claims to have, now or hereafter, against the Company and its divisions, facilities, subsidiaries and affiliated entities, successors and assigns, or any of its or their respective past or present officers,
directors, trustees, stockholders, agents, employees, attorneys, insurers, representatives (collectively, the “Releasees”), including, but not limited to, any Claims arising out of or relating in any way to Executive’s employment at
the Company and the termination thereof. Without limiting the foregoing, Executive hereby acknowledges and agrees that the Claims released by this Release include, but are not limited to, any and all claims which arise or could arise under Title VII
of the Civil Rights Act of 1964, the Age Discrimination in Employment Act of 1967, the Federal Worker Adjustment and Retraining Notification Act (or any similar state, local or foreign law), the Employee Retirement Income Security Act of 1974, as
amended, the California Fair Employment and Housing Act, California statutory or common law, the Orders of the California Industrial Welfare Commission regulating wages, hours, and working conditions, and federal statutory law, or any Claim for
severance pay, bonus, sick leave, disability, holiday pay, vacation pay, life insurance, health or medical insurance or any other fringe benefit. Nothing in this Release shall limit in any way Executive’s right under California Workers’
Compensation laws to file or pursue any workers’ compensation claim. Nothing herein shall release any rights to indemnification Executive may have in connection with Executive’s actions legitimately taken in the course of his duties with
the Company. This release shall not apply to any claims that may not be waived as a matter of applicable law. 
 (a) As part of
this general release, Executive expressly releases, waives and relinquishes all rights under Section 1542 of the California Civil Code which states: 
 “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY
AFFECTED HIS SETTLEMENT WITH THE DEBTOR.” 

  
 -12-

 Executive acknowledges that he/she may later discover facts in addition to or different from
those which Executive now knows, or believes to be true, with respect to any of the subject matters of this Release, but that it is nevertheless Executive’s intention to settle and release any and all Claims released herein. 

(b) Executive warrants and represents that there is not now pending any action, complaint, petition, Executive charge, grievance, or any
other form of administrative, legal or arbitral proceeding by Executive against the Company and further warrants and represents that no such proceeding of any kind shall be instituted by or on Executive’s behalf based upon any and all Claims
released herein. 
 (c) Executive expressly acknowledges, understands and agrees that this Release includes a waiver and release
of all claims which Executive has or may have under the Age Discrimination in Employment Act of 1967, as amended, 29 U.S.C. §621, et seq. (“ADEA”). The following terms and conditions apply to and are part of the waiver and
release of ADEA claims under this Release: 
 (i) Executive was advised to consult an attorney before signing this Release;

 (ii) Executive was granted at least twenty-one (21) days after he/she was presented with this Release to decide whether
or not to sign this Release; 
 (iii) Executive will have the right to revoke the waiver and release of claims under the ADEA
within seven (7) days of his signing this Release, and this Release shall not become effective and enforceable until that revocation period has expired without such revocation; 

(iv) Executive hereby acknowledges and agrees that he/she is knowingly and voluntarily waiving and releasing Executive’s rights and
claims in exchange for consideration (something of value) in addition to anything of value to which he/she is already entitled; and 
 (v) Nothing in this Release prevents or precludes Executive from challenging or seeking a determination in good faith of the validity of this waiver under the ADEA, nor does it impose any condition
precedent, penalties or costs from doing so, unless specifically authorized by federal law. 
 Therefore, Executive may
unilaterally revoke this Release at any time up to seven (7) calendar days following his execution of the Release, and this Release shall not become effective or enforceable until the revocation period has expired which is at 12:00:01 a.m. on
the eighth day following his execution of this Release (“Effective Date”). If Executive elects to revoke this Release, such revocation must be in writing addressed to the Secretary of the Company, and received by him/her via facsimile or
email no later than the end of the seventh day after Executive signed this Release. 
 6. Labor Code Section 206.5.
Executive agrees that the Company has paid to Executive his salary and vacation accrued as of the Separation Date and that these payments represent all such monies due to Executive through the Separation Date. In light of the payment by the Company
of all wages due, or to become due to Executive, California Labor Code Section 206.5 is not applicable. That section provides in pertinent part as follows: 

  
 -13-

 No employer shall require the execution of any release of any claim or right on account
of wages due, or to become due, or made as an advance on wages to be earned, unless payment of such wages has been made. 

7. Severability. Executive understands that whenever possible, each provision of this Release will be interpreted in such a manner
as to be effective and valid under applicable law, but if any provision of this Release is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or
unenforceability will not affect any other provision or any other jurisdiction, but this Release will be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been contained herein.

 8. No Representations. Executive has not relied upon any representations or statements made by the Company in deciding
whether to execute this Release. 
 9. Voluntary Execution of Release. This Release is executed voluntarily by Executive
and without any duress or undue influence and with the full intent of releasing all claims. The Executive acknowledges that: 

(a) He/She has read this Release; 
 (b) He/She has been represented in the preparation, negotiation, and execution of this Release by legal counsel of his own choice or that he/she has voluntarily declined to seek such counsel; 

(c) He/She understands the terms and consequences of this Release and of the releases it contains; 

(d) He/She is fully aware of the legal and binding effect of this Release. 

IN WITNESS WHEREOF, the Executive has executed this Release as shown below. 

EXECUTIVE 

							
				
		 	  	 	            Dated:	 	  

  
 -14-

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