Document:

Independent Contractor Agreement

 Exhibit 10.1 
 JONES SODA CO. 
 Independent Contractor Agreement 

 

			
	Position:	  	Interim CFO
		
	Term:	  	For period of at least 10 weeks and up to and including December 31, 2011. This contract is to assist in the transition time for Jones Soda Co. (the Company) to search for a
permanent CFO.
		
	Start:	  	September 12, 2011
		
	Role:	  	All duties required of CFO position, including but not limited to all financial reporting requirements of the company with specific projects as determined by the
CEO.
		
	Retainer:	  	$4,110 per week
		
		  	 •    Commitment is for a minimum of 40 hours per week

		
		  	 •    Schedule to be set in advance for any flexible work arrangements.

		
	Options:	  	Subject to the approval by the Compensation Committee, you will initially be granted a stock option to purchase 10,000 shares of the Company’s common stock and an additional
stock option to purchase 10,000 shares of the Company’s common stock will be granted to you prior to the conclusion of your term, subject to the successful completion of the specific projects outlined by the CEO, in consultation with the
Compensation Committee. The exercise price of your stock options will be equal to the closing price of the Company’s common stock on the date of grant (as reported by NASDAQ). Both of your awards will be subject to the terms and conditions of
the Company’s 2011 Incentive Plan and will be documented by delivery to you of a Stock Option Letter Agreement, specifying the terms and conditions of the awards. You acknowledge that the initial stock option has been granted. The additional
stock option, if granted, will have the same vesting schedule as the initial option.
		
	Expenses:	  	The Company will reimburse commuter travel and hotel of up to $850 per week in addition to all business travel and cell phone expenses related to the business of the
Company.
		
	Other:	  	The Company will provide use of a laptop for the term of service.
		
	Independent Contractor:	  	You and the Company agree that this contract establishes an independent contractor relationship, and not an employment relationship. You are free to continue to perform services
for entities or persons other than the Company. However, your obligations or provision of services to others shall not excuse nonperformance of your obligations under this contract. Subject to the Company’s general direction as to the
work,

			
		  	including objectives and deadlines for performance, you will control the methods and means of performing the work assigned. You will be responsible for all business expenses
incurred in performing the work except as expressly set forth in this contract.
		
	Complete Agreement:	  	This contract constitutes the entire agreement between you and the Company with respect to your work during the term and supersedes all prior agreements and understandings, both
written and oral, between you and the Company.

 We appreciate your consideration. If this agreement correctly states your agreement with us, please confirm that
agreement by signing in the space below and returning this letter agreement to the Company. 
 Effective as of September 12, 2011.

  

			
	Sincerely,
	
	JONES SODA CO.
		
	By:	 	 /s/ WILLIAM R. MEISSNER

		 	William Meissner
		 	Title: President and CEO

 Acknowledged and Agreed 
  

			
	By:	 	 /s/ JENNIFER CUE

		 	Jennifer L. CueStock Option Agreement

 Exhibit 10.2 
 JONES SODA CO. 
 2011 INCENTIVE PLAN 

STOCK OPTION GRANT NOTICE 
 Jones Soda Co. (the “Company”) hereby grants to you an Option (the “Option”) to purchase shares of the Company’s Common Stock under the Company’s
2011 Incentive Plan (the “Plan”). The Option is subject to all the terms and conditions set forth in this Stock Option Grant Notice (this “Grant Notice”) and in the Stock Option Agreement and the Plan,
which are incorporated into this Grant Notice in their entirety. 
  

			
	Participant:	  	Jennifer Cue
		
	Grant Date:	  	9/12/2011
		
	Vesting Commencement Date:	  	9/12/2011
		
	Number of Shares Subject to Option (the “Shares”):	  	10,000
		
	Exercise Price (per Share):	  	$0.83
		
	Option Expiration Date:	  	9/12/2021 (subject to earlier termination in accordance with the terms of the Plan and the Stock Option Agreement)
		
	Type of Option:	  	Nonqualified Stock Option
		
	Vesting and Exercisability Schedule:	  	100% of the Option will vest and become exercisable on the first anniversary of the Vesting Commencement Date

 Additional Terms/Acknowledgement: You acknowledge receipt of, and understand and agree to, this Grant Notice, the
Stock Option Agreement and the Plan. You further acknowledge that as of the Grant Date, this Grant Notice, the Stock Option Agreement and the Plan set forth the entire understanding between you and the Company regarding the Option and supersede all
prior oral and written agreements on the subject. 
  

					
	 JONES SODA CO.
  

/s/ WILLIAM R. MEISSNER
 By: William Meissner
 Title: Chief Executive Officer
	  		 	 PARTICIPANT
  

/s/ JENNIFER CUE

Jennifer Cue

 Attachments: 
 1. Stock Option Agreement 

 JONES SODA CO. 
 2011 INCENTIVE PLAN 
 STOCK OPTION AGREEMENT 

Pursuant to your Stock Option Grant Notice (the “Grant Notice”) and this Stock Option Agreement, Jones Soda Co.
has granted you an Option under its 2011 Incentive Plan (the “Plan”) to purchase the number of shares of the Company’s Common Stock indicated in your Grant Notice (the “Shares”) at the exercise
price indicated in your Grant Notice. Capitalized terms not explicitly defined in this Stock Option Agreement but defined in the Plan shall have the same definitions as in the Plan. 

The details of the Option are as follows: 
 1. Vesting and Exercisability. Subject to the limitations contained herein, the Option will vest and become exercisable as provided in your Grant Notice (the “Vesting
Period”). 
 2. Securities Law Compliance. Notwithstanding any other provision of this Agreement, you may
not exercise the Option unless the Shares issuable upon exercise are registered under the Securities Act or, if such Shares are not then so registered, the Company has determined that such exercise and issuance would be exempt from the registration
requirements of the Securities Act. The exercise of the Option must also comply with other applicable laws and regulations governing the Option, and you may not exercise the Option if the Company determines that such exercise would not be in
material compliance with such laws and regulations. 
 3. Independent Tax Advice. You should obtain tax advice
independent from the Company when exercising the Option and prior to the disposition of the Shares. 
 4. Method of
Exercise. You may exercise the Option by giving written notice to the Company, in form and substance satisfactory to the Company, which will state your election to exercise the Option and the number of Shares for which you are exercising the
Option. The written notice must be accompanied by full payment of the exercise price for the number of Shares you are purchasing. You may make this payment in any combination of the following: (a) by cash; (b) by wire transfer or check
acceptable to the Company; (c) if the Common Stock is registered under the Exchange Act and to the extent permitted by law, by instructing a broker to deliver to the Company the total payment required; or (d) by any other method permitted
by the Committee. 

 5. Termination. 

5.1 Termination Other Than for Cause. In the event of your Termination of Service during the Vesting Period for any reason other
than Cause, the Option will continue to vest and become exercisable so long as you do not violate the following non-disparagement provision at any time during the Vesting Period: 

You shall not make any statement in derogation of the Company’s or the Company’s designated parties’
products that (1) is made to the general public or becomes a matter of public knowledge, (2) is verified to have been made or committed by you and (3) you have not been able to retract or clarify so that the impact is negated to the
satisfaction of the Company within ten (10) days of written notice from the Company setting forth the basis for such action. 
 Subject to Section 5.2, in the event of your Termination of Service at any time and for any reason other than Cause, the Option may be exercised, to the extent then vested and exercisable, at any
time prior to the later of (1) December 11, 2012 or (2) 90 days after your Termination of Service, but in no event may the option be exercised after the Option Expiration Date. 

5.2 Termination for Cause or Violation of Non-Disparagement Provision. In the event of your Termination of Service for Cause, or
in the event you violate the non-disparagement provision set forth in Section 5.1, the Option will automatically terminate upon first notification to you of such termination or violation, unless the Committee determines otherwise. 

It is your responsibility to be aware of the date the Option terminates. 

6. Limited Transferability. During your lifetime only you can exercise the Option. The Option is not transferable except by will or
by the applicable laws of descent and distribution. The Plan provides for exercise of the Option by a beneficiary designated on a Company-approved form. Notwithstanding the foregoing and to the extent permitted by Section 422 of the Code, the
Committee, in its sole discretion, may permit you to assign or transfer the Option, subject to such terms and conditions as specified by the Committee. 
 7. Withholding Taxes. As a condition to the exercise of any portion of an Option, you must make such arrangements as the Company may require for the satisfaction of any federal, state, local
or foreign withholding tax obligations that may arise in connection with such exercise. 
 8. Option Not an Employment or
Service Contract. Nothing in the Plan or any Award granted under the Plan will be deemed to constitute an employment contract or confer or be deemed to confer any right for you to continue in the employ of, or to continue any other relationship
with, the Company or any Related Company or limit in any way the right of the Company or any Related Company to terminate your employment or other service relationship at any time, with or without Cause. 

 9. No Right to Damages. You will have no right to bring a claim or to receive damages
if you are required to exercise the vested portion of the Option within the periods specified in Section 5 or if any portion of the Option is cancelled or expires unexercised. The loss of existing or potential profit in Awards will not
constitute an element of damages in the event of your Termination of Service for any reason even if the termination is in violation of an obligation of the Company or a Related Company to you. 

10. Binding Effect. This Agreement will inure to the benefit of the successors and assigns of the Company and be binding upon you
and your heirs, executors, administrators, successors and assigns. 
 11. Section 409A. Notwithstanding any
provision in the Plan or this Agreement to the contrary, the Committee may, at any time and without your consent, modify the terms of the Option as it determines appropriate to avoid the imposition of interest or penalties under Section 409A;
provided, however, that the Company makes no representations that the Option shall be exempt from or comply with Section 409A and makes no undertaking to preclude Section 409A from applying to the Option.

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