Document:

Second Amended and Restated Employment Agreement - Susan M. Collyns

 Exhibit 10.1 
 SECOND AMENDED AND RESTATED EMPLOYMENT AGREEMENT 
 THIS SECOND AMENDED AND RESTATED EMPLOYMENT
AGREEMENT (this “Agreement”), effective as of January 1, 2009 (the “Amended Effective Date”), is made and entered into this 5th day of August, 2009, by and between California Pizza Kitchen, Inc., a Delaware corporation (the
“Company”), and Susan M. Collyns (the “Executive”). This Agreement amends and restates in its entirety the Amended and Restated Agreement (as defined below). 
 WHEREAS, Executive and the Company entered into that certain Employment Agreement, as executed on April 21, 2005 (the “Original
Agreement”) and effective as of January 3, 2005 (the “Effective Date”); and 
 WHEREAS, Executive and the Company amended
and restated the Original Agreement on the terms and conditions set forth in this Agreement to comply with or be exempt from the application of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”); 
 WHEREAS, Executive and the Company are currently parties to that certain Amended and Restated Employment Agreement, as executed on December 31, 2008
and effective as of December 31, 2008 (the “Amended and Restated Agreement”); and 
 WHEREAS, as of the Amended Effective
Date, the Amended and Restated Agreement shall terminate and be superseded by this Agreement. 
 NOW, THEREFORE, in consideration of the
premises and the mutual covenants herein contained, and intending to be legally bound hereby, the parties hereto agree as follows: 
 Section 1. Employment Term. The Company hereby employs Executive and Executive hereby accepts such employment upon the terms and conditions set forth herein. The Company shall continue to employ Executive as
Senior Vice President, Finance and Chief Financial Officer; provided that, effective as of January 5, 2009, Executive shall serve as Executive Vice President, Chief Financial Officer and Chief Operating Officer of the Company. Executive hereby
accepts such employment for the period commencing on the Amended Effective Date and ending on the earlier of (a) the date of termination of this Agreement pursuant to the provisions of Section 4 hereof, or (b) December 31, 2009;
provided, however, that commencing on December 31, 2009, and on the last day of each of the Company’s fiscal years thereafter, the Employment Period shall be automatically extended through the end of the Company’s next succeeding
fiscal year unless, no later than June 30th of any year, either party shall
have given written notice to the other that it does not wish to extend the Employment Period of this Agreement (the “Employment Period”). References herein to the Employment Period of this Agreement shall refer to both the initial
Employment Period and any such extended Employment Period. Executive hereby accepts such continued employment by the Company for the Employment Period on the terms set forth herein. 
 Section 2. Duties. During the Employment Period, Executive shall serve as Senior Vice President, Finance and Chief Financial Officer; provided
that, effective as of January 5, 
  

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2009, Executive shall serve as Executive Vice President, Chief Financial Officer and Chief Operating Officer. The Company may promote Executive to another
appropriate position during the Employment Period. Executive shall render such business and professional services in the performance of her duties consistent with Executive’s position within the Company as well as such services reasonably
assigned to her by the Co-Chief Executive Officers and/or the Board of Directors of the Company. Executive shall, at all times, report to the Co-Chief Executive Officers and/or the Board of Directors of the Company and no other individuals within
the Company, and all information technology, planning, corporate finance and accounting employees of the Company shall be responsible to report to Executive or such other individuals as she designates. Executive’s principal place of employment
shall be the offices provided by the Company located in Los Angeles, California, but it is understood and acknowledged that the performance of her duties will require Executive to travel outside Los Angeles. Executive, however, shall not be
required, without her consent, to relocate her principal place of employment more than 25 miles from the current location of the offices provided by the Company located in Los Angeles. 
 At all times during the Employment Period, Executive shall devote her best efforts and abilities to the performance of her duties on behalf of the
Company and to the promotion of its interests consistent with, and subject to, the strategies, policies and directions of the Co-Chief Executive Officers and the Board. Notwithstanding the foregoing, Executive may be involved in civic and charitable
activities, may manage her personal investments and may serve on the boards of any public or private companies, trade organizations or professional associations; provided that prior to agreeing to serve as a member of the board of directors of any
other entity, Executive shall discuss her intentions to do so with the Board of Directors of the Company. 
 The Company may nominate
Executive to serve on the Board of Directors during the Employment Period in the discretion of the Board’s Nominating and Governance Committee. If Executive is so nominated and elected, the Company agrees that thereafter it will use its
reasonable best efforts to cause Executive to continue to be nominated to serve on the Board of Directors during the remainder of the Employment Period. 
 Section 3. Compensation. During the Employment Period, as compensation for her services and covenants hereunder: 
 (a) The Company shall pay Executive an annual base salary of Four Hundred Seventy-Five Thousand Dollars ($475,000), effective as of the first pay period ending in January 2009, prorated for any partial employment
year, payable in equal installments at the Company’s current payroll intervals. The earned but unpaid portions of the base salary will be payable as soon as practicable after the execution date of this Agreement; provided, however, that the
Compensation Committee, in consultation with the Co-Chief Executive Officers, may increase such amount during the Employment Period in its sole and absolute discretion (the “Base Salary”). Such Base Salary shall be reviewed annually, and
shall be subject to such annual increase, if any, as determined by the Compensation Committee, in consultation with the Co-Chief Executive Officers, in its sole discretion. 
 (b) During the Employment Period, Executive shall be entitled to an annual target performance based bonus (the “Annual Bonus”) based on the
achievement of certain 

  

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performance based objectives established by the Compensation Committee. Executive’s target Annual Bonus shall be equal to forty five percent
(45%) of her Base Salary; provided, however, that the Compensation Committee, in consultation with the Co-Chief Executive Officers, may increase, but not decrease, the percentage of Executive’s Base Salary representing her target bonus in
its sole and absolute discretion. The actual Annual Bonus is determined based on achievement of performance results within a range between a threshold that is less than the specified performance target or in excess of the specified performance
target. The Annual Bonus will range from a minimum of 30% of Base Salary for attainment of the performance based threshold amount to a maximum of 200% for exceptional performance in excess of the performance based target amount. Exhibit A hereto
sets forth the performance targets that if achieved will result in the payment of the corresponding percentage of Base Salary as Annual Bonus in calendar year 2005. 
 (i) The performance targets for 2005 have been previously specified by the Compensation Committee and shall hereafter be established
annually by the Compensation Committee based on financial performance factors determined by the Compensation Committee in its sole discretion, but after consultation with Executive and the Co-Chief Executive Officers. 
 (ii) The Annual Bonus shall be payable in cash as soon as practicable following delivery of the audited financial statements for the
Company and its subsidiaries for the year for which the Annual Bonus is payable (the “Audited Financial Statements”), but in no event later than the last day of the applicable two and one-half month “short-term deferral period”
with respect to such annual bonus, within the meaning of Treasury Regulation Section 1.409A-1(b)(4). 
 (c) The parties acknowledge that
on April 21, 2005, the Company granted Executive options to acquire 100,000 shares of Common Stock, pursuant and subject to the terms and conditions of the Prior Agreement, the Company’s 2004 Omnibus Incentive Compensation Plan, and the
Non-Qualified Stock Option Agreement, a sample which is attached hereto as Exhibit B, which include but are not limited to the following: The exercise price per share of the options was based on the closing price of the Company Common Stock on
April 21, 2005. The options shall be immediately vested and exercisable as to 50% of the grant on the grant date and thereafter an additional 4.17% of the original grant shall vest on each quarterly anniversary until fully vested and
exercisable at the end of the third anniversary of the grant date. The options granted to Executive under the 2004 Omnibus Incentive Compensation Plan shall be nonstatutory stock options that are not intended to be incentive stock options under
Section 422 of the Internal Revenue Code. Each option granted under the terms of the 2004 Omnibus Incentive Compensation Plan shall be for a term of ten years and shall provide that in the event Executive’s employment terminates for any
reason other than for Cause or voluntary termination by Executive without Good Reason, vested options shall continue to be exercisable for at least three years following the employment termination date, but not longer than the expiration of the
ten-year term after the date of grant. Additional options may be granted to Executive in the discretion of the Compensation Committee. 
  

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 (d) Restricted Stock. 
 (i) The parties acknowledge that on August 3, 2009, subject to Executive’s entering into this Agreement, the Company granted
Executive 20,000 shares of restricted stock pursuant to the Restricted Stock Agreement, which is attached hereto as Exhibit D. The restricted stock shall vest and the restrictions thereon shall lapse in full on December 31, 2009, subject to
Executive’s continued employment with the Company through the vesting date. 
 (ii) Upon the Company’s and
Executive’s entering into a new employment agreement (the “New Agreement”), Executive shall be entitled to receive a grant of 60,000 shares of restricted stock, subject to adjustment pursuant to Section 12 of the Company’s
2004 Omnibus Incentive Compensation Plan. This restricted stock shall vest and the restrictions thereon shall lapse in three equal installments (20,000 shares each) on December 31 of each of 2010, 2011, and 2012, subject to Executive’s
continued employment with the Company through each vesting date. This grant of restricted stock shall be taken into account by the Company in determining the amount, nature and terms of Executive’s long-term incentive compensation awards under
the New Agreement. 
 (e) For so long as the Company remains a public company, Company shall use commercially reasonable efforts to
(i) cause the shares of Common Stock reserved for issuance to Executive pursuant to the Company’s 2004 Omnibus Incentive Compensation Plan to be included in a registration statement on Form S-8 (the “Registration Statement”)
relating to the registration under the Securities Act of 1933 (the “Act”) of no less than 3,750,000 shares of the Company’s Common Stock, issuable pursuant to the Company’s 2004 Omnibus Incentive Compensation Plan;
(ii) cause such awards and the shares issuable pursuant to such awards to be registered or otherwise exempt under the securities or blue sky laws of California and such other jurisdictions in the United States as may be applicable; and
(iii) to maintain a current prospectus and to cause such Common Stock to be listed on the principal exchange or exchanges or qualified for trading on the principal over-the-counter market on which the Company’s Common Stock is then listed
or traded, so long as any Options remain outstanding and have not been exercised or terminated and for a period of five years after exercise. 
 (f) Executive shall be entitled to paid vacation of four weeks annually. Such vacation shall be taken at such times as will interfere as little as possible with the performance of Executive’s duties hereunder. At no time may Executive
accumulate or accrue more than eight weeks of unused vacation time. Should Executive accumulate or accrue eight weeks of earned but unused vacation time, Executive shall cease to earn any further vacation benefits until such time as Executive’s
earned but unused vacation time falls below eight weeks. 
 (g) Executive shall be entitled to paid maternity leave of up to three months (as
determined in the discretion of Executive). Executive shall receive her full Base Salary and benefits as set forth herein throughout any period of maternity leave and shall remain eligible to receive the Annual Bonus set forth in Section 3(b)
hereof without any reduction or modification as a result of taking maternity leave in accordance with this provision. 
  

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 (h) Upon presentation of properly itemized charges together with appropriate documentation, the Company
shall reimburse Executive for all reasonable and necessary expenses properly incurred by her in the performance of her duties hereunder, in accordance with the Company’s policies therefor, as may be in effect from time to time. 
 (i) Executive shall be allowed to participate in any present or future medical, health insurance or other personal fringe benefits plan adopted by the
Company for the general and overall benefit of its full time employees (it being understood, however, that participation in any such plan is subject to whatever eligibility requirements are applicable generally to such plan). 
 (j) To the extent that the Company maintains any errors and omissions or other liability insurance covering officers and directors
(“Insurance”), Executive shall be covered under such policy or policies to the fullest extent in accordance with the terms thereof. However, nothing herein shall in any way require the Company to continue to maintain any Insurance;
provided, however, that the Company shall provide to Executive notice of a modification (including a copy of such modification) or termination of Insurance. 
 (k) The Company shall reimburse Executive for reasonable legal fees and disbursements incurred by Executive in connection with the negotiation, preparation and execution of this Agreement. 
 (l) To the extent that any payments or reimbursements provided to Executive under this Agreement, including, without limitation, under Section 3(h),
3(k), 5(b), 5(c) or 5(e) are deemed to constitute compensation to Executive, such amounts shall be paid or reimbursed reasonably promptly, but not later than December 31 of the year following the year in which the expense was incurred. The
amount of any payments or expense reimbursements that constitute compensation in one year shall not affect the amount of payments or expense reimbursements constituting compensation that are eligible for payment or reimbursement in any subsequent
year, and Executive’s right to such payments or reimbursement of any such expenses shall not be subject to liquidation or exchange for any other benefit. 
 Section 4. Early Termination of Agreement and Other Matters. 
 (a) It is agreed and understood that
this Agreement (except for Section 6 and 7 hereof) and Executive’s employment with the Company shall terminate automatically upon the first to occur of any of the events set forth in (i) through (v) below: 
 (i) the date of Executive’s death; 
 (ii) the date on which the Board shall give Executive notice of termination on account of a Disability (as hereinafter defined), which has prevented Executive from satisfactorily and completely performing her duties
under this Agreement for a period or periods aggregating more than one hundred twenty (120) days in any twelve (12) consecutive months (it being understood that prior to the date of delivery of such notice, the Company shall compensate
Executive as set forth in Section 3 hereof and that maternity leave taken by Executive in accordance with Section 3(g) shall not be counted toward the foregoing one hundred twenty (120) day period); 
  

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 (iii) within 30 days following the date on which the Board or a Co-Chief Executive
Officer shall give Executive notice of termination for Cause (as hereinafter defined); 
 (iv) within 30 days following the
date on which the Board or a Co-Chief Executive Officer shall give Executive notice of termination for any reason other than Disability or Cause or Executive shall give the Board or a Co-Chief Executive Officer notice of termination for Good Reason
(as hereinafter defined); or 
 (v) within 60 days following the date on which Executive shall give the Board notice of
Executive’s termination for other than for Good Reason. 
 (b) For purposes of this Agreement, “Cause” shall mean that
Executive: (i) has been convicted of, or pleads guilty or nolo contendere to any act of embezzlement or fraud against the Company, its parent or any of its subsidiaries or to any felony; (ii) has committed any willful, intentional,
purposeful, grossly negligent or malicious act that constitutes misconduct and has the effect of materially injuring the business or reputation of the Company, its parent or any of its affiliates and any divisions Executive may manage; or
(iii) has materially breached this Agreement; provided, however, that in the event that the Board determines to terminate Executive’s employment for Cause, such termination shall only become effective if the Board shall first provide
Executive written notice detailing such Cause, and if such act or omission is susceptible to cure, Executive shall be provided a 30 day period to cure such act or omission. 
 (c) For the purposes of this Agreement, “Disability” shall mean that Executive is determined to be substantially disabled by the insurance
company providing group long-term disability insurance for the Company’s employees, which determination would entitle Executive to disability benefit payments thereunder. If no such insurance is then in force or if no such determination has
been made, “Disability” shall refer to a medically determinable physical or mental condition disabling Executive from substantially performing her duties hereunder. Notwithstanding the foregoing, however, maternity leave taken by Executive
in accordance with Section 3(g) shall not be deemed to be a “Disability” for purposes of this Agreement. If such determination is disputed, then the Company and Executive shall each select a physician licensed to practice medicine in
the State of California who shall, in turn, jointly select a third physician licensed to practice medicine in the State of California, who shall make a binding determination of disability. The Company shall bear the costs of obtaining such
determination. 
 (d) For purposes of this Agreement, “Good Reason” shall mean without Executive’s consent (i) a material
diminution in the duties, authority or responsibilities of Executive or a material breach of this Agreement by the Company, provided that the Board fails to cure such material reduction or breach within 30 days of receipt of a written notice from
Executive of such material reduction or breach (which notice shall be provided by Executive to the Company within 90 days following the initial occurrence of such event) or (ii) requiring Executive to relocate her principal place of employment
to a location that is more than twenty-five (25) miles from the location of the Company’s principal office in the Los Angeles area as of the Amended Effective Date. Executive’s “separation from service” from the Company
(within the meaning of Section 409A(a)(2)(A)(i) of the Internal Revenue Code of 1986, as amended (the “Code”), and 

  

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Treasury Regulation Section 1.409A-1(h)) (a “Separation from Service”) as a result of any of the foregoing events must occur within 2 years of
the initial occurrence of any such event. 
 Section 5. Compensation in Event of Termination; Survival. 
 (a) Except as otherwise provided below in this Section 5, upon termination of Executive’s employment for any reason, the Employment Period of
this Agreement shall end and this Agreement shall expire and the Company shall have no further obligation to Executive except to the extent that Executive is otherwise entitled to any accrued but unpaid salary, bonus or benefits hereunder and
insurance coverage in accordance with applicable law. Notwithstanding the expiration of the Employment Period or termination of this Agreement; the provisions set forth in Section 6, 7 and 8 shall remain in full force and effect after the
termination of Executive’s employment hereunder. Executive shall not be required to seek other employment or otherwise attempt to mitigate damages to be entitled to any of the termination benefits provided in this Section 5; provided,
however, that the amount of any payment or benefit provided for in Section 5(b) shall be reduced by any compensation earned by Executive as a result of consultancy with or employment by another entity or individual during the one-year payout
period under such Section; and provided further, however, that any compensation earned by Executive from service as a board member of the Company or any other entity shall not reduce such payments or benefits. All severance benefits provided under
this Section 5 shall be subject to Executive’s execution and delivery, and non-revocation within any applicable revocation period, of a mutual general release of claims in a form satisfactory to the Company and Executive; provided,
however, that the Company shall not be required to release Executive from any claims arising out of or resulting from Executive’s willful misconduct, fraud, embezzlement, breach of fiduciary duty, or breach of Section 6 or 7 hereof.

 (b) Subject to Section 5(i) below, if Executive incurs a Separation from Service by reason of the Company providing Executive with
written notice that it does not wish to extend the Employment Period, Executive (or her estate in the event she dies after her termination, as applicable) shall be entitled to the following: (i) a lump sum cash payment within 60 days after the
date of Executive’s Separation from Service (the “Separation Date”) in an amount equal to the sum of Executive’s Base Salary plus her Target Bonus in effect as of such date; (ii) any unvested options shall become fully
vested and immediately exercisable and any restrictions on restricted stock that was awarded to Executive by the Company during the Employment Period shall lapse immediately; (iii) the exercise period with respect to any stock option shall
continue until the earlier of (x) the last day of the three-year period following the Separation Date or (y) expiration date of such option according to its terms; and (iv) continuation for one year following termination of employment
of health insurance benefits consistent with those provided by the Company to its senior Executives; provided, however, that the percentage of the cost of such coverage paid by the Company shall not be less than the percentage of such costs that was
paid by the Company immediately prior to the expiration date of the Agreement and, upon the expiration of such Company paid continuation period, Executive shall be entitled to elect, at her own expense, COBRA continuation coverage for the remainder
of the COBRA group health coverage period provided under applicable law. 
 (c) Subject to Section 5(i) below, if Executive incurs a
Separation from Service by reason of a termination of Executive’s employment either by the Company without Cause or by 

  

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Executive for Good Reason, Executive (or her estate in the event she dies after her termination, as applicable) shall be entitled to the following:
(i) a lump sum cash payment within 60 days after the Separation Date in an amount equal to two (2) times the sum of Executive’s Base Salary plus her Target Bonus in effect as of such date; (ii) any unvested option shall become
fully vested and immediately exercisable and any restrictions on restricted stock that was awarded to Executive by the Company during the Employment Period shall lapse immediately; (iii) the exercise period with respect to any stock option
shall continue until the earlier of (x) the last day of the three-year period following the Separation Date or (y) the expiration date of such option according to its terms; and (iv) continuation of health insurance benefits
consistent with those provided by the Company to its senior Executives during the period commencing on the Separation Date and ending on the later of (A) the date that is 12 months after the Separation Date and (B) the last day of the
Employment Period as determined without regard to Executive’s Separation from Service. 
 (d) In the event of Executive’s death or,
subject to Section 5(i) below, if Executive incurs a Separation from Service by reason of Executive’s Disability, Executive (or her estate, as applicable) shall be entitled to the following: (i) any unvested option shall become fully
vested and immediately exercisable and any restrictions on restricted stock that was awarded to Executive by the Company during the Employment Period shall lapse immediately; and (ii) the exercise period with respect to any stock option shall
continue until the earlier of (x) the last day of the three-year period following the Separation Date or (y) the expiration date of such option according to its terms; provided that Executive has not been provided with notice referred to
in Section 4(a)(iii) above. 
 (e) Subject to Section 5(i) below, if a Change of Control (as defined below) occurs and Executive
incurs a Separation from Service by reason of a termination of employment either by the Company without Cause or by Executive for Good Reason, in each case within 2 years following the effective date of a Change of Control, Executive (or her estate
in the event she dies after her termination, as applicable) shall be entitled to the following: (i) a lump sum cash payment within 60 days after the Separation Date in an amount equal to two (2) times the sum of Executive’s Base
Salary and Target Bonus in effect as of such date; (ii) any unvested option shall become fully vested and immediately exercisable and any restrictions on restricted stock that was awarded to Executive by the Company during the Employment Period
shall lapse immediately; (iii) the exercise period with respect to any stock option shall continue until the earlier of (x) the last day of the three-year period following the Separation Date or (y) the expiration date of such option
according to its terms; and (iv) continuation of health insurance benefits consistent with those provided by the Company to its senior Executives for a period of two years following such termination; provided, however, that the percentage of
the cost of such coverage paid by the Company shall not be less than the percentage of such costs that was paid by the Company immediately prior to the expiration date of the Agreement. 
 (f) “Change of Control” for the purposes of this Agreement, shall have the meaning set forth in Exhibit C, which is attached hereto.

 (g) In the event the Company or any member of the Board asserts that Executive has breached Section 6 or 7 hereof, then the Company
or such Director shall notify Executive thereof with, in the case of notification by a Director, a copy thereof being delivered to the Company. 

  

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Nothing in this Section 5(g) shall impair the Company’s right to seek or obtain injunctive or other equitable relief at any time in any court
having jurisdiction to enforce the provisions of Section 6 or Section 7 hereof. 
 (h) Executive’s obligations under
Section 6 and Section 7 of this Agreement shall survive any termination of this Agreement. Notwithstanding any of the foregoing, in the event that Executive were to violate Section 6 or 7, any benefit or amount payable to Executive
pursuant to this Section 5 shall be forfeited and cancelled immediately upon such violation. 
 (i) This Agreement shall be administered
and interpreted to maximize the short-term deferral exception to Section 409A of the Code, and Executive shall not, directly or indirectly, designate the taxable year of a payment made under this Agreement. The portion of any payment under this
Agreement that is paid within the “short-term deferral period” within the meaning of Treasury Regulation Section 1.409A-1(b)(4) shall be treated as a short term deferral and not aggregated with other plans or payments. Any other
portion of the payment that does not meet the short term deferral requirement shall, to the maximum extent possible, be deemed to satisfy the exception from Treasury Regulation Section 1.409A-1(b)(9)(iii)(A) for involuntary separation pay and
shall not be aggregated with any other payment. Any right to a series of installment payments pursuant to this Agreement is to be treated as a right to a series of separate payments. Any amount that is paid as a short-term deferral within the
meaning of Treasury Regulation Section 1.409A-1(b)(4), or within the involuntary separation pay limit under Treasury Regulation Section 1.409A-1(b)(9)(iii)(A) shall be treated as a separate payment. Payment dates provided for in this
Agreement shall be deemed to incorporate “grace periods” within the meaning of Section 409A of the Code. 
 In addition,
notwithstanding anything to the contrary in this Agreement, no compensation or benefits, including without limitation any severance payments or benefits payable under Section 5 hereof, shall be paid to Executive during the 6-month period
following Executive’s Separation from Service if the Company determines that paying such amounts at the time or times indicated in this Agreement would be a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code. If the payment
of any such amounts is delayed as a result of the previous sentence, then on the first business day following the end of such 6-month period (or such earlier date upon which such amount can be paid under Section 409A of the Code without
resulting in a prohibited distribution, including as a result of Executive’s death), the Company shall pay Executive a lump-sum amount equal to the cumulative amount that would have otherwise been payable to Executive during such period.

 Section 6. Proprietary Information of the Company. 
 (a) At no time during or after Executive’s employment with the Company will Executive (i) use Confidential Information (as defined below) for any purpose other than during such employment as directed by the
Company or (ii) disclose Confidential Information to any person or entity other than the Company or persons or entities to whom disclosure has been authorized by the Company in writing (except that Executive may disclose such information to the
minimum extent necessary to comply with governmental or judicial process, so long as Executive promptly notifies the Company of such pending disclosure and consults with the 

  

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Company concerning the advisability of seeking a protective order or other means of preserving the confidentiality of the Confidential Information).

 (b) During the Employment Period, Executive shall promptly communicate to Company all ideas, discoveries and inventions which relate to
the Company and which are or may be useful to the Company. Executive acknowledges that all such ideas, discoveries, inventions, and improvements, which relate to the Company and which are made, conceived, or reduced to practice by her or jointly
with others and every item of knowledge relating to the Company’s business interests (including potential business interests) gained by her during the course of her employment hereunder are the property of the Company and Executive hereby
irrevocably assigns all such ideas, discoveries, inventions, improvements, and knowledge to the Company for its sole use and benefit, without additional compensation. Executive further agrees to cooperate fully with Company to perfect Company’s
interest and title to all such ideas, discoveries, inventions and improvements. Notwithstanding the foregoing, pursuant to California Labor Code Section 2870, Executive shall not be required to assign to the Company any inventions that
Executive developed entirely on her own time without use of the Company’s equipment, supplies, facilities or trade secret information unless they either (i) relate at the time of conception or reduction to practice of the invention to the
Company’s business or demonstrably anticipated research and development or (ii) result from work performed by Executive for the Company. 
 As used herein, “Confidential Information” means all information of a technical or business nature relating to the Company, including without limitation trade secrets, recipes, inventions, drawings, file data, documentation,
diagrams, specifications, know-how, processes, formulas, models, test results, marketing techniques and materials, marketing and development plans, price lists, pricing policies, business plans, information relating to customer or supplier
identities, characteristics and agreements, financial information and projections, flow charts, software in various stages of development, source codes, object codes, research and development procedures and employee files and information; provided,
however, that “Confidential Information” shall not include any information that has become public knowledge through no fault of Executive. Executive also agrees not to disclose any confidential or proprietary information that the Company
obtains from a third party and which the Company treats as confidential or proprietary or designates as confidential, whether or not such information is owned or developed by the Company. All Confidential Information, regardless of form, is the
exclusive property of the Company. 
 Section 7. Non-Competition/Non-Solicitation. 
 (a) Executive agrees that during the Employment Period, Executive shall not directly or indirectly, either individually or as an investor, owner,
partner, agent, employee, independent contractor, consultant or otherwise, engage in any restaurant or other retail business, including but not limited to any business that sells pizza or other menu items offered by the Company or any subsidiary of
the Company. 
 (b) Executive agrees that while she is employed by the Company, and for so long as Executive receives any payments pursuant
to Section 5 above, she will not, directly or indirectly, solicit for employment or attempt to solicit for employment any person who was an employee, 

  

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officer or director of the Company at any time during the 12 months preceding the date that Executive’s employment with the Company is terminated.

 (c) As the violation by Executive of the provisions of Section 6 or this Section 7 would cause irreparable injury to the Company
due to among other things her knowledge of trade secrets and proprietary information or rights, and there is no adequate remedy at law for such violation, the Company shall have the right in addition to any other remedies available, at law or in
equity, to seek to enjoin Executive in a court of equity from violating such provisions. Executive hereby waives any and all defenses she may have on the ground of lack of jurisdiction, forum non conveniens, or competence of the court to grant an
injunction or other equitable relief, or otherwise and Executive further agrees to waive any requirement for a bond or undertaking. The existence of this right shall not preclude any other rights and remedies at law or in equity which the Company
may have. 
 Section 8. Deductions and Other Tax Matters. 
 (a) Anything to the contrary herein notwithstanding, the Company shall, and is hereby authorized to, withhold or deduct from any amounts payable by the
Company to Executive any foreign, federal, state or municipal taxes, social security contributions or other amounts required to be withheld by law, and to report and remit such amounts to the proper authorities. 
 (b) Certain payments and benefits under this Agreement are intended to be exempt from the application of Section 409A of the Code, while other
payments hereunder may constitute “nonqualified deferred compensation” within the meaning of Section 409A of the Code, the payment of which is intended to comply with Section 409A of the Code. To the extent applicable, this
Agreement shall be interpreted in accordance with Section 409A of the Code and Department of Treasury regulations and other interpretive guidance issued thereunder. Notwithstanding any provision of this Agreement to the contrary, if the Company
determines that any compensation or benefits payable under this Agreement may be subject to Section 409A of the Code and related Department of Treasury guidance, the Company may adopt such amendments to this Agreement or adopt other policies
and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, that the Company determines are necessary or appropriate to (i) exempt the compensation and benefits payable under this Agreement
from Section 409A of the Code and/or preserve the intended tax treatment of such compensation and benefits, or (ii) comply with the requirements of Section 409A of the Code and related Department of Treasury guidance; provided,
however, that no such amendments or adoption of other policies and procedures will reduce the amount of any compensation or benefit Executive otherwise would be entitled to under this Agreement without the written consent of Executive. 

(c) To the extent that Section 5(b), (c) or (e) hereof requires the Company, partially or wholly, to subsidize any continuation of
health insurance benefits following Executive’s Separation from Service: 
 (i) If such continued health insurance
benefits are to be provided through third-party insurance maintained by the Company under the Company’s benefit plans in 

  

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a manner that causes such health insurance benefits to be exempt from the application of Section 409A of the Code under Treasury Regulation
Section 1.409A-1(a)(5), the Company shall pay or reimburse such premiums in accordance with the terms of this Agreement; provided, however, that if, during the period of health insurance benefits continuation coverage (the “Health Benefits
Continuation Period”), any plan pursuant to which such health insurance benefits are provided is not, or ceases prior to the expiration of the Health Benefits Continuation Period to be, exempt from the application of Section 409A of the
Code under Treasury Regulation Section 1.409A-1(a)(5), then an amount equal to each remaining premium payment shall thereafter be paid to Executive as currently taxable compensation in substantially equal monthly installments over the remainder
of the Health Benefits Continuation Period (or the remaining portion thereof); or 
 (ii) If such continued health insurance
benefits are to be provided in whole or in part through a self-funded plan maintained by the Company, the benefits of which are not fully-insured by a third-party insurer: 
 (A) To the greatest extent applicable, such health insurance benefits shall be construed to satisfy the exemption from Section 409A
of the Code pursuant to Treasury Regulation Section 1.409A-1(b)(9)(v)(B), and 
 (B) To the extent such health insurance
benefits do not satisfy such exemption and/or extend beyond the continuation period under COBRA, determined as of the date of Executive’s Separation from Service, the Company shall pay Executive a lump-sum cash payment in an amount equal to
(x) the aggregate of the subsidized premiums which would otherwise be paid or reimbursed by the Company in respect of such health insurance benefits, minus (y) the value of any such health insurance benefits provided, or to be provided, to
Executive under clause (A) above, within 60 days after the date of Executive’s Separation from Service (with the exact payment date to be determined by the Company in its discretion), in lieu of such subsidized premiums. In particular, all
taxable expense reimbursement payments and in-kind benefits provided to Executive shall be structured in compliance with Section 409A of the Code, and reimbursements shall be paid by the Company to Executive by no later than the end of the
calendar year following the calendar year in which Executive incurs such expenses, and Executive shall take all actions necessary to claim all such reimbursements on a timely basis to permit the Company to make all such reimbursement payments prior
to the end of said period. 
 Section 9. Resolution. If any dispute under this Agreement is not settled or resolved within thirty
(30) days after the receipt by each party of written notice of dispute, the matter shall be submitted to binding arbitration, such arbitration to be conducted in the State of California and, unless otherwise agreed, such arbitration will be
conducted in accordance with the rules and procedures of the American Arbitration Association. The arbitrator, in its final decision, shall determine which party or parties shall bear the costs of the arbitration, including attorneys fees and
expenses. 
 Section 10. Notices. All notices, requests, demands and other communications hereunder shall be in writing and shall be
telecopied, delivered by overnight delivery service or mailed to the intended recipient at the telecopy number or address specified below. Such notices, requests, demands and other communications shall be deemed to have been fully given when
transmitted by telecopier, answerback received, delivered by overnight delivery service against 
  

 12 

 
receipt or, in the case of mailed notices, three business days after such notice is enclosed in a properly sealed envelope and mailed by first class,
registered or certified mail, return receipt requested, postage and registration or certain prepaid, with the United States Postal Service, in each case given or addressed as follows: 
 If to Executive to: 
 Susan M. Collyns 
 c/o California Pizza Kitchen, Inc. 
 6053 West Century Blvd., 11th Floor 
 Los Angeles, California 90045-6442 
 Fax: (310) 568-7720 
 Confirm: (310) 342-5000 
 with copies to: 
 Akin Gump Strauss Hauer & Feld LLP 
 Attention: Robin Schachter 
 2029 Century Park East 
 Suite 2400 
 Los Angeles, California 90067-3012 
 Fax: (310) 229-1001 
 Confirm: (310) 728-3363 
 If to the Company, to: 
 General Counsel 
 c/o California Pizza Kitchen, Inc. 
 6053 West Century Blvd., 11th Floor 
 Los Angeles, California 90045-6442 
 Fax: (310) 342-4669 
 Confirm: (310) 342-5000 
 with copies to: 
 Latham & Watkins LLP 
 Attention: James D. C. Barrall 
 355 South Grand Avenue 
 Los Angeles, CA 90017 
 Fax: (213) 891-8763 
 Confirm: (213) 485-1234 
 Section 11. Entire Agreement. This Agreement contains all the
understandings and representations between us pertaining to the subject matter hereof and supersedes all undertakings and agreements, whether oral or in writing, if any there be, previously entered into between the Company and Executive with respect
to the subject matter hereof. 
  

 13 

 Section 12. Binding Agreement. This Agreement shall be binding upon and shall be for the benefit
of the Company, its successors and assigns, and Executive and, in the event of her death, her estate or other legal representative, except that no right or obligations under this Agreement can be assigned or transferred by Executive without the
express prior written consent of the Company. 
 Section 13. Amendment; Waiver. No provision of this Agreement may be amended,
modified, supplemented or waived unless such amendment, modification, supplement or waiver is agreed to in writing, signed by Executive and another employee of the Company duly authorized by the Board. Except as otherwise specifically provided in
this Agreement, no waiver by either the Company or Executive of any breach by the other of any condition or provision shall be deemed a waiver of a similar or dissimilar provision or condition at the same or any prior or subsequent time. 

Section 14. Governing Law. This Agreement is deemed a contract made under, and for all purposes to be governed by and construed in accordance
with, the laws of the State of California, without reference to principles of conflicts of laws. 
 Section 15. Illegality. Without
limiting Section 7 hereof, in the event that any provision or portion of this Agreement shall be determined to be invalid, illegal or unenforceable for any reason, the remaining provisions or portions of this Agreement will be unaffected
thereby and will remain in full force and effect to the fullest extent permitted by law and the parties hereto will use all reasonable efforts to substitute one or more valid, legal and enforceable provisions which, insofar as practicable, implement
the purposes and intents hereof. 
 Section 16. Counterparts. This Agreement may be executed in two or more counterparts, each of
which shall be deemed an original and which, together, shall constitute one and the same agreement. 
 IN WITNESS WHEREOF, the parties hereto
have executed and delivered this Agreement as of the day and year first above written. 
  

	
	CALIFORNIA PIZZA KITCHEN, INC.
	
	By: /s/ Rick Rosenfield
	Name:  Rick Rosenfield
	 Title:    Co-Chairman of the Board

	              Co-Chief Executive Officer and

	              Co-President

	
	 EXECUTIVE

	
	By: /s/ Susan M. Collyns
	      Susan M. Collyns

  

 14 

 EXHIBIT A 
 California Pizza Kitchen CFO Bonus Matrix 
  

													
	 	    	2005 CPK EBITDA
(before pre-opening and restatement)	 	    	Individual CFO Bonus
	 	    	Deviation from Target	 	    	Percent of
Salary	 	    	Percent of
Target Bonus	 	    	Dollars [1]
	 	    	(% of target)	 	    	(% of salary)	 	    	(% of target
bonus)	 	    	($000)
		    			    			    			    	$	—  
	 Below Threshold
	    	0	% 	    	0.0	% 	    	0	% 	    	$	68
	 Threshold
	    	-10	% 	    	22.5	% 	    	50	% 	    	$	74
		    	-9	% 	    	24.8	% 	    	55	% 	    	$	81
		    	-8	% 	    	27.0	% 	    	60	% 	    	$	95
		    	-7	% 	    	29.3	% 	    	65	% 	    	$	101
		    	-6	% 	    	31.5	% 	    	70	% 	    	$	108
		    	-5	% 	    	33.8	% 	    	75	% 	    	$	115
		    	-4	% 	    	36.0	% 	    	80	% 	    	$	122
		    	-3	% 	    	38.3	% 	    	85	% 	    	$	128
		    	-2	% 	    	40.5	% 	    	90	% 	    	$	135
		    	-1	% 	    	42.8	% 	    	95	% 	    	$	156
	 Target
	    	0	% 	    	45.0	% 	    	100	% 	    	$	177
		    	1	% 	    	52.0	% 	    	116	% 	    	$	198
		    	2	% 	    	59.0	% 	    	131	% 	    	$	219
		    	3	% 	    	66.0	% 	    	147	% 	    	$	240
		    	4	% 	    	73.0	% 	    	162	% 	    	$	261
		    	5	% 	    	80.0	% 	    	178	% 	    	$	282
		    	6	% 	    	87.0	% 	    	193	% 	    	$	327
		    	7	% 	    	94.0	% 	    	209	% 	    	$	372
		    	8	% 	    	109.0	% 	    	242	% 	    	$	417
		    	9	% 	    	124.0	% 	    	276	% 	    	$	462
		    	10	% 	    	139.0	% 	    	309	% 	    	$	507
		    	11	% 	    	154.0	% 	    	342	% 	    	$	552
		    	12	% 	    	169.0	% 	    	376	% 	    	$	600
		    	13	% 	    	184.0	% 	    	409	% 	    	$	 
		    	14	% 	    	200.0	% 	    	444	% 	    	$	 

 Superior/Maximum 
 [1]
Assuming a $300,000 salary 
  

 15 

 EXHIBIT B 
 CALIFORNIA PIZZA KITCHEN, INC. 
 2004 OMNIBUS
INCENTIVE COMPENSATION PLAN 
 NOTICE OF STOCK OPTION GRANT 
 California Pizza Kitchen, Inc. (the “Company”) hereby grants you the following Option to purchase shares of its common stock (“Shares”). The terms and conditions of this Option are set forth
in the Stock Option Agreement and the CALIFORNIA PIZZA KITCHEN, INC. 2004 OMNIBUS INCENTIVE COMPENSATION
PLAN (the “Plan”), both of which are attached to and made a part of this document. 
  

			
	 Date of Grant:
	  	[Date of Grant]
		
	 Name of Optionee:
	  	[Name of Optionee]
		
	 Number of Option Shares:
	  	[Number of Shares]
		
	 Exercise Price per Share:
	  	$[Exercise Price] (The Exercise Price per Share shall not be less than one hundred percent (100%) of the Fair Market Value. If Optionee is a more than ten-percent stockholder, the Exercise
Price per Share of an ISO shall be at least one hundred ten percent (110%) of Fair Market Value.)
		
	 Vesting Start Date:
	  	[Vesting Start Date]
		
	 Type of Option:
	  	[Type of Grant: NSO/ISO]
		
	 Vesting Schedule:
	  	[Vesting Schedule]
		
	 Rights upon Termination:
	  	[Vesting/Termination Schedule]

 By signing this document, you acknowledge receipt of a copy of the Plan, and agree that
(a) you have carefully read, fully understand and agree to all of the terms and conditions described in the attached Stock Option Agreement, and the Plan document; and (b) you understand and agree that this Stock Option Agreement,
including its cover sheet and attachments, constitutes the entire understanding between you and the Company regarding this Option, and that any prior agreements, commitments or negotiations concerning this Option are replaced and superseded. 

  

									
	[NAME OF OPTIONEE]	 		 	CALIFORNIA PIZZA KITCHEN, INC.
				
	 	 		 	By:	 	 
					
		 		 		 	Its:	 	 

  

 16 

 CALIFORNIA PIZZA KITCHEN, INC. 
 2004 OMNIBUS INCENTIVE COMPENSATION PLAN (THE “PLAN”) 
 STOCK OPTION
AGREEMENT 
 SECTION 1. KIND OF OPTION. 
 This Option is intended to be either an incentive stock option intended to meet the requirements of section 422 of the Internal Revenue Code (an “ISO”) or a non-statutory option (an “NSO”), which
is not intended to meet the requirements of an ISO, as indicated in the Notice of Stock Option Grant. Even if this Option is designated as an ISO, it shall be deemed to be an NSO to the extent required by the $100,000 annual limitation under
Section 422(d) of the Code. 
 SECTION 2. VESTING. 
 Subject to the terms and conditions of the Plan and this Stock Option Agreement (the “Agreement”), your Option will be exercisable with respect to the Shares that have become vested in accordance with the
schedule set forth in the Notice of Stock Option Grant (the “Notice”). Except as otherwise provided in the Notice, after your Service terminates for any reason, vesting of your Shares immediately stops and your Option expires immediately
as to the number of Shares that are not vested as of your Service termination date. 
 SECTION 3. TERM. 
 Your Option will expire in any event at the close of business at Company headquarters ten years after the Date of Grant; provided, however, that if your
Option is an ISO it will expire five years after the Date of Grant if you are a more than ten-percent stockholder of the Company (the “Expiration Date”). Also, your Option will expire earlier if your Service terminates, as described
herein. 
 SECTION 4. REGULAR TERMINATION. 
 (a) Except as otherwise provided in the Notice, if your Service terminates for any reason except termination without Cause, death, Disability, or Retirement (as such capitalized terms are defined below), the vested portion of your Option
will expire at the close of business at Company headquarters on the date of termination of your Service. 
 (b) Except as otherwise provided
in the Notice, if your Service terminates due to termination without Cause or Retirement, the vested portion of your Option will expire at the close of business at Company headquarters on the date two months after the date of your termination
without Cause or Retirement. 
 (c) If your Option is an ISO and you exercise it more than three months after termination of your Service as
an Employee for any reason other than death or total and permanent disability as defined under section 22(e)(3) of the Code, your Option will cease to be eligible for ISO tax treatment. 
  

 17 

 (d) Your Option will cease to be eligible for ISO tax treatment if you exercise it more than three months
after the 90th day of a bona fide leave of absence approved by the Company, unless your right to reemployment after your leave was guaranteed by statute or contract. 
 (e) Solely for purposes of your Option, “Cause”, “Retirement” and “Disability” are defined as follows. 
 (1) “Cause” has the definition set forth in your employment agreement with the Company, or, if you do not have an employment
agreement, includes, without limitation: (i) your commission of a felony or other crime involving moral turpitude; (ii) your negligence or willful misconduct in connection with the performance of your duties for the Company;
(iii) your willful failure to follow the lawful instructions of your supervisor; and (iv) a breach of your fiduciary duty to the Company for personal profit or otherwise. 
 (2) “Retirement” means retirement from full-time employment by the Company in accordance with the normal retirement policies of
the Company. 
 (3) “Disability” means your inability to perform a major part of the duties to be performed by you
as an employee of the Company immediately prior to the inception of the disability, because of illness, accident or injury, for a period of twenty-six consecutive weeks or for a cumulative period of thirty weeks in any twelve month period.

 SECTION 5. DEATH. 
 Except as
otherwise provided in the Notice, if you die while in Service with the Company, the vested portion of your Option will expire at the close of business at Company headquarters on the date three months after the date of your death. During that three
month period, your estate, legatees or heirs may exercise that portion of your Option that was vested on the date of your death. Notwithstanding the foregoing, the Option may not be exercised after the Expiration Date determined under Section 3
above. 
 SECTION 6. DISABILITY. 
 Except as otherwise provided in the Notice, if your Service terminates because of a Disability, the vested portion of your Option will expire at the close of business at Company headquarters on the date two months after your termination
date. During that two month period, you may exercise that portion of your Option that was vested on the date of your Disability. 
 SECTION 7.
EXERCISING YOUR OPTION. 
 To exercise your Option, you must provide notice according to such procedures as may be prescribed by the
Company. Your exercise will be effective when appropriate notice together with full payment is received by the Company. If someone else wants to exercise your Option after your death, that person must prove to the Company’s satisfaction that he
or she is entitled to do so. 
  

 18 

 SECTION 8. PAYMENT FORMS. 
 When you exercise your Option, you must include payment of the Exercise Price for the Shares you are purchasing in cash or cash equivalents. Alternatively, you may pay all or part of the Exercise Price by
surrendering, or attesting to ownership of, Shares already owned by you, unless such action would cause the Company to recognize any (or additional) compensation expense with respect to the Option for financial reporting purposes. Such Shares shall
be surrendered to the Company in good form for transfer and shall be valued at their Fair Market Value on the date of Option exercise. To the extent that a public market for the Shares exists and to the extent permitted by applicable law, in each
case as determined by the Company, you also may exercise your Option by delivery (on a form prescribed by the Company) of an irrevocable direction to a securities broker to sell Shares and to deliver all or part of the sale proceeds to the Company
in payment of the aggregate Exercise Price and, if requested, applicable withholding taxes. The Company will provide the forms necessary to make such a cashless exercise. Payment also may be made all or in part by delivery (on a form prescribed by
the Company) of an irrevocable direction to a securities broker or lender to pledge Shares as a security for a loan, and to deliver all or part of the loan proceeds to the Company in payment of the aggregate Exercise Price and, if requested,
applicable withholding taxes. Notwithstanding the foregoing, payment may not be made in any form that is unlawful, as determined by the Company in its sole discretion. The Board may permit such other payment forms as it deems appropriate, subject to
applicable laws, regulations and rules. 
 SECTION 9. NO DUTY TO TRANSFER IN VIOLATION OF THIS AGREEMENT. 
 The Company will not be required (a) to transfer on its books any shares of Common Stock of the Company which have been sold or transferred in
violation of any of the provisions set forth in this Agreement or (b) to treat as owner of such shares or to accord the right to vote as such owner or to pay dividends to any transferee to whom such shares have been so transferred. 

SECTION 10. TAX WITHHOLDING AND REPORTING. 
 (a) You will not be allowed to exercise this Option unless you pay, or make acceptable arrangements to pay, any taxes required to be withheld as a result of the Option exercise or the sale of Shares acquired upon exercise of this Option.
You hereby authorize withholding from payroll or any other payment due you from the Company or your employer to satisfy any such withholding tax obligation. 
 (b) If you sell or otherwise dispose of any of the Shares acquired pursuant to an ISO on or before the later of (i) two years after the grant date, or (ii) one year after the exercise date, you shall
immediately notify the Company in writing of such disposition. 
 SECTION 11. RESALE RESTRICTIONS/MARKET STAND-OFF. 
 You agree that in connection with any underwritten public offering by the Company of its equity securities pursuant to an effective registration statement
filed under the U.S. Securities Act of 1933, as amended, you will not, without the prior written consent of the Company, directly or indirectly, sell, make any short sale of, contract to sell, transfer the economic risk of ownership in, loan,
hypothecate, pledge, grant any option for the purchase of, or otherwise 

  

 19 

 
dispose of or transfer for value or agree to engage in any of the foregoing transactions with respect to any equity securities of the Company for such period
of time after the effective date of such registration statement as may be requested by the Company. Such period of time will not exceed one hundred eighty (180) days; provided, however, that in the event the Company requests that the one
hundred eighty (180) day period be extended or modified pursuant to then-applicable law, rules, regulations or trading policies, the restrictions imposed during the one hundred eighty (180) day period will continue to apply to the extent
necessary to comply with such law, rules, regulations or trading policies. You agree to execute and deliver such other agreements as may be reasonably requested by the Company which are consistent with the foregoing or which are necessary to give
further effect thereto. To enforce the provisions of this Section, the Company may impose stop-transfer instructions with respect to the Common Stock until the end of the applicable stand-off period. 
 SECTION 12. TRANSFER OF OPTION. 
 Prior to your
death, only you may exercise this Option. This Option and the rights and privileges conferred hereby cannot be sold, pledged or otherwise transferred (whether by operation of law or otherwise) and shall not be subject to sale under execution,
attachment, levy or similar process. For instance, you may not sell this Option or use it as security for a loan, except in accordance with Section 8 hereof. If you attempt to do any of these things, this Option will immediately become invalid.
You may, however, dispose of this Option in your will. Regardless of any marital property settlement agreement, the Company is not obligated to honor an Exercise Notice from your spouse or former spouse, nor is the Company obligated to recognize
such individual’s interest in your Option in any other way. 
 SECTION 13. RETENTION RIGHTS. 
 This Agreement does not give you the right to be retained by the Company in any capacity. The Company reserves the right to terminate your Service at any
time and for any reason without thereby incurring any liability to you. 
 SECTION 14. STOCKHOLDER RIGHTS. 
 Neither you nor your estate or heirs have any rights as a stockholder of the Company until a certificate for the Shares acquired upon exercise of this
Option has been issued. Once a certificate for the Shares acquired upon exercise of this Option has been issued, you will have all the rights and privileges of a stockholder of the Company with respect to the Common Stock. No adjustments are made
for dividends or other rights if the applicable record date occurs before your stock certificate is issued, except as described in the Plan. 
 SECTION
15. ADJUSTMENTS. 
 In the event of a stock split, a stock dividend or a similar change in the Company’s Stock, the number of
Shares covered by this Option and the Exercise Price per share may be adjusted pursuant to the Plan. Your Option shall be subject to the terms of the agreement of merger, liquidation or reorganization in the event the Company is subject to such
corporate activity as set forth in the Plan. 
  

 20 

 SECTION 16. APPLICABLE LAW AND TAX DISCLAIMER. 
 This Agreement will be interpreted and enforced under the laws of the State of Delaware (without regard to their choice of law provisions). You agree that
you are responsible for consulting your own tax advisor as to the tax consequences associated with your Option. The tax rules governing options are complex, change frequently and depend on the individual taxpayer’s situation. Although the
Company will make available to you general tax information about stock options, you agree that the Company shall not be held liable or responsible for making such information available to you and any tax or financial consequences that you may incur
in connection with your Option. 
 SECTION 17. THE PLAN AND OTHER AGREEMENTS. 
 The text of the Plan is incorporated in this Agreement by reference. Certain capitalized terms used in this Agreement are defined in the Plan. The Notice,
this Agreement, including its attachments, and the Plan constitute the entire understanding between you and the Company regarding this Option. Any prior agreements, commitments or negotiations concerning this Option are superseded. 
  

 21 

 EXHIBIT C 
 Change of Control Definition 
 (1) “Beneficial Owner” shall have the meaning set forth in
Rule 13d-3 under the Exchange Act. 
 (2) “Change of Control” shall be deemed to have occurred if the event set forth in any one of
the following paragraphs shall have occurred: 
 (i) any Person is or becomes the Beneficial Owner, directly or indirectly, of
securities of the Company (not including in the securities beneficially owned by such Person any securities acquired directly from the Company or its affiliates) representing 30% or more of the combined voting power of the Company’s then
outstanding securities, excluding any Person who becomes such a Beneficial Owner in connection with a transaction described in clause (A) of paragraph (iii) below; or 
 (ii) the following individuals cease for any reason to constitute a majority of the number of directors then serving: individuals who, on
the Effective Date, constitute the Board and any new director (other than a director whose initial assumption of office is in connection with an actual or threatened election contest, including but not limited to a consent solicitation, relating to
the election of directors of the Company) whose appointment or election by the Board or nomination for election by the Company’s shareholders was approved or recommended by a vote of at least two-thirds (2/3) of the directors then still in
office who either were directors on the date hereof or whose appointment, election or nomination for election was previously so approved or recommended; or 
 (iii) there is consummated a merger or consolidation of the Company or any direct or indirect subsidiary of the Company with any other corporation, other than (A) a merger or consolidation which results in the
directors of the Company immediately prior to such merger or consolidation continuing to constitute at least a majority of the board of directors of the Company, the surviving entity or any parent thereof or (B) a merger or consolidation
effected to implement a recapitalization of the Company (or similar transaction) in which no Person is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company (not including in the securities Beneficially Owned by such
Person any securities acquired directly from the Company or its Affiliates) representing 30% or more of the combined voting power of the Company’s then outstanding securities; or 
 (iv) the shareholders of the Company approve a plan of complete liquidation or dissolution of the Company or there is consummated an
agreement for the sale or disposition by the Company of all or substantially all of the Company’s assets, other than a sale or disposition by the Company of all or substantially all of the Company’s assets to an entity, at least 70% of the
combined voting power of the voting securities of which are 

  

 22 

 
owned by shareholders of the Company in substantially the same proportions as their ownership of the Company immediately prior to such sale. 
 Notwithstanding the foregoing, a Change of Control shall not be deemed to have occurred by virtue of the consummation of any transaction or series of integrated
transactions immediately following which the record holders of the common stock of the Company immediately prior to such transaction or series of transactions continue to have substantially the same proportionate ownership in an entity which owns
all or substantially all of the assets of the Company immediately following such transaction or series of transactions. 
 (3) “Exchange
Act” shall mean the Securities Exchange Act of 1934, as amended from time to time. 
 (4) “Person” shall have the meaning
given in Section 3(a)(9) of the Exchange Act, as modified and used in Sections 13(d) and 14(d) thereof, except that such term shall not include (i) the Company or any of its subsidiaries, (ii) a trustee or other fiduciary holding
securities under an employee benefit plan of the Company or any of its affiliates, (iii) an underwriter temporarily holding securities pursuant to an offering of such securities, or (iv) a corporation owned, directly or indirectly, by the
stockholders of the Company in substantially the same proportions as their ownership of stock of the Company. 
  

 23 

 EXHIBIT D 
 CALIFORNIA PIZZA KITCHEN, INC. 
 2004 OMNIBUS INCENTIVE COMPENSATION PLAN 
 NOTICE OF RESTRICTED STOCK AWARD 
 You
have been granted restricted shares of Common Stock of California Pizza Kitchen, Inc. (the “Company”) on the following terms: 
  

			
	 Date of Grant:
	  	August 3, 2009
		
	 Name of Recipient:
	  	Susan M. Collyns
		
	 Total Number of Shares
 Granted:
	  	20,000
		
	 Fair Market Value per
 Share:
	  	$                
		
	 Total Fair Market Value
 Of Award:
	  	$                
		
	 Vesting Commencement
 Date:
	  	December 31, 2009
		
	 Vesting Schedule:
	  	100% of the shares subject to this award vest on the Vesting Commencement Date, subject to continued employment through the Vesting Commencement Date, and subject to acceleration of vesting
upon certain events, in accordance with the terms and conditions of your Second Amended and Restated Employment Agreement, dated as of January 1, 2009.

 By signing this document, you and the Company agree that these shares are granted under and
governed by the terms and conditions of the California Pizza Kitchen, Inc. 2004 Omnibus Incentive Compensation Plan (the “Plan”) and the Restricted Stock Agreement, which is attached to and made a part of this document. 
 By signing this document you further agree that the Company may deliver by e-mail all documents relating to the Plan or this award (including without
limitation, prospectuses required by the Securities and Exchange Commission) and all other documents that the Company is required to deliver to its security holders (including without limitation, annual reports and proxy statements). You also agree
that the 
 CALIFORNIA PIZZA KITCHEN, INC. 
 NOTICE OF RESTRICTED STOCK AWARD 
  

 24 

 Company may deliver these documents by posting them on a website maintained by the Company or by a third party under
contract with the Company. If the Company posts these documents on a website, it will notify you by e-mail. 
  

									
	SUSAN M. COLLYNS	 		 	CALIFORNIA PIZZA KITCHEN, INC.
				
	 	 		 	By:	 	 
					
		 		 		 	Title:	 	 

 CALIFORNIA PIZZA, INC. 
 NOTICE OF RESTRICTED STOCK AGREEMENT 
  

 25 

 CALIFORNIA PIZZA KITCHEN, INC. 
 2004 OMNIBUS INCENTIVE COMPENSATION PLAN 
 RESTRICTED STOCK AGREEMENT

 SECTION 1. PAYMENT FOR SHARES. 
 No payment is required for the shares that you are receiving. 
 SECTION 2. GOVERNING PLAN. 

The shares that you are receiving are granted pursuant and subject in all respects to the applicable provisions of the California Pizza Kitchen, Inc.
2004 Omnibus Incentive Compensation Plan (the “Plan”), which is incorporated herein by reference. Terms not otherwise defined in this Agreement have meanings ascribed to them in the Plan. 
 SECTION 3. VESTING. 
 The shares that
you are receiving will vest in installments, as shown in the Notice of Restricted Stock Award. 
 No additional shares vest after your
Service has terminated for any reason. 
 SECTION 4. SHARES RESTRICTED. 
 Unvested shares will be considered “Restricted Shares.” You may not sell, transfer, pledge or otherwise dispose of Restricted Shares without the
written consent of the Company, except as provided in the next sentence. You may transfer Restricted Shares to your spouse, children or grandchildren or to a trust established by you for the benefit of yourself or your spouse, children or
grandchildren. However, a transferee of Restricted Shares must agree in writing on a form prescribed by the Company to be bound by all provisions of this Agreement. 
 SECTION 5. FORFEITURE. 
 If your Service terminates for any reason, then your shares
will be forfeited to the extent that they have not vested before the termination date and do not vest as a result of termination. This means that the Restricted Shares will immediately revert to the Company. You receive no payment for Restricted
Shares that are forfeited. The Company determines when your Service terminates for this purpose. 
 SECTION 6. LEAVES OF ABSENCE AND PART-TIME
WORK. 
 For purposes of this award, your Service does not terminate when you go on a military leave, a sick leave or another bona
fide leave of absence, if the leave was approved by the Company in writing and if continued crediting of Service is required by applicable law, the Company’s leave of absence policy or the terms of your leave. But your Service terminates
when the approved leave ends, unless you immediately return to active work. 
 CALIFORNIA PIZZA KITCHEN, INC. 
 NOTICE OF RESTRICTED STOCK AWARD 
  

 26 

 If you go on a leave of absence, then the vesting schedule specified in the Notice of Restricted Stock
Award may be adjusted in accordance with the Company’s leave of absence policy or the terms of your leave. If you commence working on a part-time basis, then the vesting schedule specified in the Notice of Restricted Stock Award may be adjusted
in accordance with the Company’s part-time work policy or the terms of an agreement between you and the Company pertaining to your part-time schedule. 
 SECTION 7. STOCK CERTIFICATES. 
 The certificates for Restricted Shares have stamped on them a special legend
referring to the forfeiture restrictions. In addition to or in lieu of imposing the legend, the Company may hold the certificates in escrow. As your vested percentage increases, you may request (at reasonable intervals) that the Company release to
you a non-legended certificate for your vested shares. 
 SECTION 8. STOCKHOLDER RIGHTS. 
 During the period of time between the date of grant and the date the shares become vested, you shall have all the rights of a stockholder with respect to
the shares except for the right to transfer the shares, as set forth in Section 4. Accordingly, you shall have the right to vote the shares and to receive any cash dividends paid with respect to the shares. 
 SECTION 9. WITHHOLDING TAXES. 
 No stock
certificates will be released to you unless you have made acceptable arrangements to pay withholding taxes that may be due as a result of this award or the vesting of the shares. With the Company’s consent, these arrangements may include
(a) withholding shares of Company stock that otherwise would be delivered to you when they vest or (b) surrendering shares that you previously acquired. The fair market value of the shares you surrender, determined as of the date when
taxes otherwise would have been withheld in cash, will be applied as credit against the withholding taxes. 
 SECTION 10. RESTRICTIONS ON
RESALE. 
 You agree not to sell any shares at a time when applicable laws, Company policies or an agreement between the Company and
its underwriters prohibit a sale. This restriction will apply as long as your Service continues and for such period of time after the termination of your Service as the Company may specify. 
 SECTION 11. NO RETENTION RIGHTS. 
 Your
award or this Agreement does not give you the right to be employed or retained by the Company or a subsidiary of the Company in any capacity. The Company and its subsidiaries reserve the right to terminate your Service at any time, with or without
cause. 
 CALIFORNIA PIZZA, INC. 
 NOTICE OF RESTRICTED STOCK AGREEMENT 
  

 27 

 SECTION 12. ADJUSTMENTS. 
 In the event of a stock split, a stock dividend or a similar change in Company stock, or a merger or a reorganization of the Company, the forfeiture
provision of Section 5 will apply to all new, substitute or additional securities or other properties to which you are entitled by reason of your ownership of the shares. 
 SECTION 13. APPLICABLE LAW. 
 This Agreement will be interpreted and enforced under the
laws of the State of Delaware (without regard to their choice-of-law provisions). 
 SECTION 14. THE PLAN AND OTHER AGREEMENTS.

 The text of this Plan is incorporated in this Agreement by reference. This Agreement and the Plan constitute the entire understanding
between you and the Company regarding this award. Any prior agreements, commitments or negotiations concerning this award are superseded. This Agreement may be amended only by another written agreement between the parties. 
 SECTION 15. SUCCESSORS AND ASSIGNS. 
 The rights and benefits of this Agreement shall inure to the benefit of, and be enforceable by, the Company’s successors and assigns. Your rights and obligations under this Agreement may only be assigned with the prior written consent
of the Company. 
 SECTION 16. NOTICE. 
 Any notice required or permitted under this Agreement shall be given in writing and shall be deemed effectively given upon the earliest of personal delivery, receipt or the third full day following deposit in the
United States Post Office with postage and fees prepaid, addressed to the other party hereto at the address last known or at such other address as such party may designate by ten (10) days’ advance written notice to the other party hereto.

 SECTION 17. NO ORAL MODIFICATION. 
 No modification of this Agreement shall be valid unless made in writing and signed by the parties hereto. 
 CALIFORNIA PIZZA, INC. 
 NOTICE OF RESTRICTED STOCK AGREEMENT 
  

 28Second Amendment to Acquisition Agreement

 Exhibit 10.1 
 SECOND AMENDMENT TO ACQUISITION AGREEMENT 
 This SECOND AMENDMENT TO ACQUISITION AGREEMENT
(this “Amendment”) is made and entered into as of August 6, 2009, by and among Cell Therapeutics, Inc., a Washington corporation (“CTI” or “Parent”), and each of Tom Hornaday and Lon Smith
(collectively, the “Stockholder Representatives”) in their capacities as Stockholder Representatives of the former stockholders (the “Company Stockholders”) of Systems Medicine, Inc., a Delaware corporation (the
“Company”), identified in the Acquisition Agreement (as defined below). 
 RECITALS 
 WHEREAS, CTI, Cactus Acquisition Corp., a Delaware corporation and then a wholly owned subsidiary of CTI, Saguaro Acquisition Company LLC, a
Delaware limited liability company and a wholly owned subsidiary of CTI, the Company and the Stockholder Representatives entered into that certain Acquisition Agreement dated as of July 24, 2007 (the “Acquisition Agreement”),
pursuant to which CTI acquired the Company by Merger and paid to the Company Stockholders the Total Closing Consideration, as further described therein; capitalized terms used but not otherwise defined herein shall have the respective meanings set
forth in the Acquisition Agreement; 
 WHEREAS, CTI and the Stockholder Representatives entered into that certain First Amendment to
Acquisition Agreement dated as of January 6, 2009 (the “First Amendment”), pursuant to which the Earn Out Payment under Section 2.3(a) of the Acquisition Agreement would be satisfied by an immediate substitute earn out
payment; 
 WHEREAS, pursuant to that certain Cancellation Agreement dated as of January 23, 2009 (the “Cancellation
Agreement”), CTI and the Stockholder Representatives nullified the First Amendment and agreed that the original Acquisition Agreement would be reinstated without modification and continue in full force and effect as of the date thereof;

 WHEREAS, prior to the cancellation of the First Amendment, the three (3) Company Stockholders who were Nonaccredited Holders
were paid substitute cash in full satisfaction of their rights to any Earn Out Payment under the Acquisition Agreement; 
 WHEREAS,
under the terms of the Acquisition Agreement, the Company Stockholders (other than the Nonaccredited Holders) have a contingent right to receive the Earn Out Payment subject to and upon satisfaction of certain regulatory milestones relating to
the Food & Drug Administration approval process in the development of Brostallicin, as identified in Section 2.3(a)(i) and (ii) of the Acquisition Agreement (collectively, the “Earn Out Milestones”), which Earn
Out Milestones have not been achieved as of the date hereof; 
 WHEREAS, pursuant to the Acquisition Agreement, the Company
Stockholders appointed the Stockholder Representatives as attorneys-in-fact to take any and all actions and make any decisions required or permitted to be taken by the Stockholder Representatives under the Acquisition Agreement, including, without
limitation, taking such actions as may be necessary or desirable in connection with the Earn Out Payment under Section 2.3 of the Acquisition Agreement; and 

 WHEREAS, CTI believes that it is in the best interests of CTI and its shareholders, and each of
the Stockholder Representatives believes that it is in the best interests of the Company Stockholders, to enter into this Amendment to modify the terms and conditions of the Earn Out Payment as set forth below. 
 AGREEMENT 
 NOW, THEREFORE, in
consideration of the foregoing and the mutual promises, covenants and conditions contained herein, the parties hereby agree as follows: 
 1.
Earn Out Payment Substitute. Section 2.3(a) of the Acquisition Agreement is hereby deleted in its entirety and shall have no further force or effect as of the date hereof. In consideration of the foregoing, upon satisfaction of
the Conditions to Closing set forth in Section 2 of this Amendment (the “Closing Date”), CTI shall pay to the Company Stockholders (other than the Nonaccredited Holders) an aggregate amount of Six Million Dollars ($6,000,000)
based upon each such Company Stockholder’s Pro Rata Share as determined in accordance with this Agreement, by delivery of Parent Common Stock to each such Company Stockholder (the “Substitute Shares”) based on the Parent Stock
Price (as defined below). The Pro Rata Share is as set forth on the Spreadsheet provided to CTI pursuant to Section 5.12 of the Acquisition Agreement except for the amounts related to the Nonaccredited Holders which have been deleted, as their
rights to the Earn Out Payment have previously been satisfied. For purposes of this Amendment and the calculation of the number of Substitute Shares to be issued hereunder, “Parent Stock Price” shall mean the closing share price of
the Parent Common Stock on The NASDAQ Capital Market (or if the Parent Common Stock is not then traded on The NASDAQ Capital Market, such other market or exchange where the Parent Common Stock is then traded) on the day the Required Parent
Shareholders (as defined below) approve the issuance contemplated by this Amendment. The Pro Rata Share of the Substitute Shares to be issued to each Company Stockholder is set forth on Schedule 1 attached hereto. 
 2. Conditions to Closing. The respective obligations of each party under this Amendment shall be subject to the satisfaction of the
following conditions: 
 (a) Shareholder Approval. CTI shall obtain shareholder approval of the issuance of the Substitute Shares as
required by The NASDAQ Capital Market and applicable law (which shall not require greater than a majority of the total votes cast on the proposal, by person or by proxy) at CTI’s annual shareholder meeting (the “Required Parent
Shareholders”), which is scheduled to be held on October 20, 2009 (the “Annual Meeting”). 
 (b) Voting
Agreement. The Stockholder Representatives shall use commercially reasonable efforts to cause all of the Company Stockholders, including the Required Company Stockholders (as defined below), to execute and deliver a voting agreement in respect
of Registrable Shares owned, acquired hereunder or hereinafter acquired, in form and substance reasonably acceptable to CTI and the Stockholder Representatives (the “Voting Agreement”). For purposes of this Amendment, the
“Required Company Stockholders” shall include those Company Stockholders who immediately prior to the Merger owned and held of record at least a majority of the Company Capital Stock. 
  

 2 

 (c) Accredited Investor Status. Each of the Company Stockholders listed on Schedule 1
attached hereto shall, not more than fifteen (15) days prior to the date of the Annual Meeting, execute and deliver a letter of representation confirming his, her or its status as an “accredited investor” as that term is defined in
Rule 501 of Regulation D promulgated under the Securities Act of 1933, as amended. 
 (d) Failure to Satisfy Conditions to Closing.

 (i) In the event that the Required Parent Shareholders do not approve of the issuance of the Substitute Shares at the
Annual Meeting (the “Negative Vote”), then in lieu of the Substitute Shares, CTI shall pay to the Company Stockholders (other than the Nonaccredited Holders) an aggregate amount of Five Million Dollars ($5,000,000) in cash, based
upon each such Company Stockholder’s Pro Rata Share as set forth on Schedule 1 attached hereto (the “Substitute Cash”). 
 (ii) In the event that the Required Company Stockholders do not execute and deliver the Voting Agreement on or prior to the date of the Annual Meeting, then CTI may, at its option, either (A) pay to the Company
Stockholders the Substitute Shares, but only if subsection 2(a) has been satisfied, or (B) pay to the Company Stockholders the Substitute Cash. 
 (iii) In the event that any Company Stockholder is unable or unwilling to confirm that he, she or it is an “accredited investor” as described in Section 2(c) (a “New Nonaccredited
Holder”), then upon CTI’s issuance of the Substitute Shares to the Company Stockholders other than the New Nonaccredited Holder, each New Nonaccredited Holder will be issued cash in an amount equal to its Pro Rata Share in lieu of any
Substitute Shares that the New Nonaccredited Holder would otherwise be entitled to under this Amendment. 
 3. Closing Date
Mechanics. 
 (a) Issuance of Substitute Shares. In the event CTI shall pay the Substitute Shares in satisfaction of the Earn
Out Payment, then on the Closing Date, CTI shall deliver to its transfer agent irrevocable instructions to deliver the Substitute Shares to each Company Stockholder (other than the Nonaccredited Holders and the New Nonaccredited Holders)
representing the number of shares of Parent Common Stock identified next to such Company Stockholder’s name on Schedule 1 attached hereto. Such instructions to the transfer agent may contain a lock up on the Substitute Shares until the
Conditions to Closing have been satisfied. No certificate or scrip representing fractional shares of Parent Common Stock shall be issued, and the Stockholder Representatives on behalf of each Company Stockholder who would otherwise have been
entitled to receive a fraction of a share of Parent Common Stock hereby waive any right, title or interest to or in such fractional share or value thereof. 
 (b) Payment of Substitute Cash. Within ninety (90) days after the Negative Vote, CTI shall pay to the Company Stockholders (other than the Nonaccredited Holders) the amount of Substitute Cash identified
next to each Company Stockholder’s name on Schedule 1 attached hereto by check to the address provided in writing by such Company Stockholder or by wire transfer of immediately available funds to an account provided in writing by such
Company Stockholder. 
  

 3 

 4. Tax Withholding. CTI or CTI’s agent shall be entitled to deduct and withhold from
the Substitute Shares or the Substitute Cash, as applicable, the amounts required to be deducted or withheld under the Code or any provision of state, local or foreign tax law, with respect to the making of such payment, or with respect to income
arising from the lapse of vesting restrictions in connection with the Merger to the extent applicable withholdings have not previously been made by the Company. To the extent that amounts are so withheld, such withheld amounts shall be treated for
all purposes of this Amendment as having been paid to the Company Stockholder in respect of whom such deduction or withholding was made 
 5.
Registration of Shares. The Substitute Shares shall constitute Registrable Shares (as defined in the Acquisition Agreement). The parties hereto hereby acknowledge the provisions of Section 6.5(b)(ii) of the Acquisition Agreement
and, consistent with such provision, CTI shall use its commercially reasonable efforts to prepare and file, within forty-five (45) days after the date the Required Parent Shareholders approve of the issuance of the Substitute Shares, with the
SEC a Registration Statement under the Securities Act with respect to the Registrable Shares issued hereunder and to cause such Registration Statement to be declared effective by the SEC within a reasonable period of time thereafter. Notwithstanding
the foregoing, CTI may at its option deliver registered Substitute Shares pursuant to an existing Form S-3. 
 6. No Other Changes.
Except as set forth above, this Amendment does not amend or modify any other provision of the Acquisition Agreement, and the Acquisition Agreement, as amended by this Amendment, remains in full force and effect. 
 7. Miscellaneous. For purposes of this Amendment, the following provisions shall apply: 
 (a) Governing Law. The internal laws of the State of Delaware, irrespective of its conflicts of law principles, shall govern the validity of this
Amendment, the construction of its terms and the interpretation and enforcement of the rights and duties of the parties hereto. 
 (b)
Assignment. No party hereto may assign any of its rights or obligations hereunder without the prior written consent of the other parties hereto. This Amendment shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and permitted assigns. Any assignment in violation of this provision shall be void. 
 (c) Severability. If any
provision of this Amendment, or the application thereof, shall for any reason and to any extent be invalid or unenforceable, then the remainder of this Amendment and the application of such provision to other persons or circumstances shall be
interpreted so as to reasonably effect the intent of the parties hereto. The parties further agree to use their good faith efforts to negotiate to replace such void or unenforceable provision of this Amendment with a valid and enforceable provision
that shall achieve, to the extent possible, the economic, business and other purposes of the void or unenforceable provision. 
  

 4 

 (d) Counterparts. This Amendment may be executed in any number of counterparts, each of which
shall be deemed an original as to any party whose signature appears thereon and all of which together shall constitute one and the same instrument. This Amendment shall become binding when one or more counterparts hereof, individually or taken
together, shall bear the signatures of all parties reflected hereon as signatories. 
 (e) Amendments and Waivers. Any term or
provision of this Amendment may be amended, and the observance of any term of this Amendment may be waived (either generally or in a particular instance and either retroactively or prospectively), only by a writing signed by the party to be bound
thereby. The waiver by a party of any breach hereof or default in the performance hereof shall not be deemed to constitute a waiver of any other default or any succeeding breach or default. 
 (f) Notices. All notices and other communications required or permitted under this Amendment shall be in writing and shall be either hand
delivered in person, sent be facsimile, sent by certified or registered first-class mail, postage pre-paid, or sent by nationally recognized express courier service. Such notices and other communications shall be effective upon receipt if hand
delivered or sent by facsimile, three business days after mailing if sent by mail, and one business day after dispatch if sent by express courier, in each case to such address provided in writing by the recipient party. 
 (g) Titles and Subtitles. The titles and subtitles used in this Amendment are used for convenience only and are not to be considered in construing
or interpreting this Amendment. 
 (h) Expenses. CTI shall pay up to $30,000 of any out of pocket expenses, including reasonable
attorneys fees and expenses, of the Stockholder Representatives arising from or in connection with this Amendment and the issuance and registration of the Substitute Shares. 
 Signature Page Follows 
  

 5 

 IN WITNESS WHEREOF, the parties have caused this Amendment to be duly executed on the date first
written above. 
  

			
	CTI
	
	CELL THERAPEUTICS, INC.
		
	By:	 	 /s/    James A. Bianco

		 	James A. Bianco, Chief Executive Officer
		
	Address:	 	501 Elliott Avenue, Suite 400
		 	Seattle, WA 98119
		 	Facsimile: (206) 284-6114

  

	
	STOCKHOLDER REPRESENTATIVES
	
	 /s/    Tom Hornaday

	Tom Hornaday, an individual, signing solely in his capacity as a Stockholder Representative
	
	 /s/    Lon Smith

	Lon Smith, an individual, signing solely in his capacity as a Stockholder Representative

 SIGNATURE PAGE TO SECOND
AMENDMENT TO ACQUISITION AGREEMENT 

 SCHEDULE 1 
 Schedule of Consideration

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