Document:

Second Amendment to Supply Agreement with Panera, LLC

 EXHIBIT 10.3 
  
 CERTAIN INFORMATION HAS BEEN OMITTED FROM THIS EXHIBIT, AS INDICATED BY “XXX”, PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT
THAT HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 
  
 SECOND AMENDMENT TO SUPPLY AGREEMENT 
  
 This SECOND AMENDMENT TO SUPPLY AGREEMENT (this “Amendment”) is made and entered into as of this 1st day of April, 2005 by and between Panera, LLC, a Delaware limited liability company (“Panera”),
and Jones Soda Co., a Washington corporation with a principal place of business at 234 Ninth Avenue North, Seattle, WA 98109 (“Seller”). 
  
 WITNESSETH: 
  
 WHEREAS, Panera and Seller are parties to that certain Supply Agreement dated May 28, 2003, as amended by that certain First Amendment to Supply Agreement
dated as of May 27, 2004 (as amended, the “Agreement”); and 
  
 WHEREAS, Panera and Seller desire to further amend the Agreement in the manner hereinafter set forth. 
  
 NOW, THEREFORE, in consideration of these premises and for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties agree as follows: 
  

	 	1.	Section 10.01 is hereby amended by deleting the reference to “May 27, 2005” and inserting in its place “[XXX]”. 

  

	 	2.	Schedule II, Distribution Centers, is hereby deleted in its entirety and replaced with the new Schedule I attached hereto and incorporated herein by reference.

  

	 	3.	Schedule V, Pricing List, is hereby deleted in its entirety and replaced with the new Schedule V attached hereto and incorporated herein by reference. 

  

	 	4.	Schedule V III, Schedule of Existing Flavors of Jones Soda, which was inadvertently omitted as an attachment to the Agreement, is hereby attached to this Amendment and incorporated
into the Agreement by reference. 

  

	 	5.	Except to the extent specifically amended by this Amendment, all of the terms, provisions, conditions, covenants, representations and warranties contained in the Agreement shall be
and remain in full force and effect and the same are hereby ratified and confirmed. 

  

	 	6.	This Amendment shall be binding upon and inure to the benefit of Panera and Seller and their respective permitted successors and assigns in accordance with Section 6 of the General
Terms and Conditions Addendum Attached to the Agreement. 

  

	 	7.	Panera and Seller warrant and represent that the individual who is signing this Amendment on behalf of Panera and Seller and whose signature appears below, is authorized to execute
this Amendment and to bind Panera and Seller to the terms contained herein. 

  

	 	8.	This Amendment will be governed by and construed in accordance with the laws of the State of Missouri, United States of America. 

  
 Certain information has been omitted from this page, as indicated by “XXX”,
pursuant to a request for confidential treatment that has been filed separately with the SEC. 
  

 -1- 

	 	9.	This Amendment may be executed in one or more counterparts, each of which will be deemed to be an original copy of this Amendment and all of which, when taken together, will be
deemed to constitute one and the same agreement. 

  
 IN WITNESS
WHEREOF, the parties hereto have executed this Second Amendment to Supply Agreement as of the date and year first referenced ahoy. 
  

			
	PANERA LLC
		
	 By:
	 	 /s/

	 Title:
	 	 
	
	JONES SODA CO.
		
	 By:
	 	 /s/ Jennifer L. Cue

	 Title:
	 	 COO / CFO

  

 -2- 

 SCHEDULE II 
  
 Distribution Centers, Distributors, Purchase order Addresses 
  

					
	 Distributor

	 	 Distribution Center

	 	 Contact

			
	[XXX]	 	[XXX]	 	[XXX]
	[XXX]	 	[XXX]	 	[XXX]
	[XXX]	 	[XXX]	 	[XXX]
	[XXX]	 	[XXX]	 	[XXX]
	[XXX]	 	[XXX]	 	[XXX]
	[XXX]	 	[XXX]	 	[XXX]
	[XXX]	 	[XXX]	 	[XXX]
	[XXX]	 	[XXX]	 	[XXX]
	[XXX]	 	[XXX]	 	[XXX]
			
	 Purchase Order Addresses:

	 	 	 	 
			
	[XXX]	 	[XXX]	 	[XXX]
	[XXX]	 	[XXX]	 	[XXX]
	[XXX]	 	 	 	 
			
	 Order Lead Time:

	 	 	 	 
	[XXX] calendar days:	 	 	 	 

  
 Certain information has been
omitted from this page, as indicated by “XXX”, pursuant to a request for confidential treatment that has been filed separately with the SEC. 
  

 -3- 

 SCHEDULE V 
  
 Pricing 
  

			
	 Corporate Jones Soda:

	 	 
		
	Root Beer (Sugar Free Jones)	 	$[XXX] p/24-pack case
	Black Cherry (Sugar Free Jones)	 	$[XXX] p/24-pack case
	Root Beer	 	$[XXX] p/24-pack case
	Fu Fu Berry	 	$[XXX] p/24-pack case
	Cream	 	$[XXX] p/24-pack case
	Green Apple	 	$[XXX] p/24-pack case
		
	 Corporate Jones Naturals:

	 	 
		
	Limes with Orange	 	$[XXX] p/12-pack case
	Berry White	 	$[XXX] p/12-pack case
	D’Peach Mode	 	$[XXX] p/12-pack case

  
 Certain information has been
omitted from this page, as indicated by “XXX”, pursuant to a request for confidential treatment that has been filed separately with the SEC. 
  

 -4- 

 SCHEDULE VIII 
  
 SCHEDULE OF FLAVORS OF JONES SODA 
  

					
	· [XXX]	 	· [XXX]	 	· [XXX]
	· [XXX]	 	· [XXX]	 	· [XXX]
	· [XXX]	 	· [XXX]	 	· [XXX]
	· [XXX]	 	· [XXX]	 	· [XXX]
	· [XXX]	 	· [XXX]	 	· [XXX]
	· [XXX]	 	· [XXX]	 	· [XXX]
	· [XXX]	 	· [XXX]	 	· [XXX]
	· [XXX]	 	· [XXX]	 	· [XXX]
	· [XXX]	 	· [XXX]	 	· [XXX]
	· [XXX]	 	· [XXX]	 	· [XXX]
	· [XXX]	 	· [XXX]	 	· [XXX]
	· [XXX]	 	· [XXX]	 	· [XXX]
	· [XXX]	 	· [XXX]	 	· [XXX]
	· [XXX]	 	· [XXX]	 	· [XXX]
	· [XXX]	 	· [XXX]	 	· [XXX]
	· [XXX]	 	· [XXX]	 	· [XXX]

  
 SCHEDULE OF FLAVORS OF
JONES NATURALS 
  

			
	· [XXX]	 	· [XXX]
	· [XXX]	 	· [XXX]
	· [XXX]	 	· [XXX]
	· [XXX]	 	· [XXX]
	· [XXX]	 	· [XXX]
	· [XXX]	 	· [XXX]
	· [XXX]	 	· [XXX]
	· [XXX]	 	· [XXX]
	· [XXX]	 	· [XXX]
	· [XXX]	 	· [XXX]

  
 Certain information has been
omitted from this page, as indicated by “XXX”, pursuant to a request for confidential treatment that has been filed separately with the SEC. 
  

 -5-Form of Incentive Stock Option Agreement, as amended

 Exhibit 10.1 
  
 Boston Life Sciences, Inc. 
  
 [1998 Omnibus Stock Option Plan or Amended and Restated Omnibus Stock Option Plan] 
  
 Incentive Stock Option Agreement 
  
 1. Grant of Option. 
  
 This agreement (hereinafter, the “Agreement”) evidences the grant by Boston Life Sciences, Inc., a Delaware corporation (the
“Company”), on [            ], 2005 (the “Grant Date”) to
[                ], an employee of the Company (the “Participant”), of an option (the “Option”) to purchase, in whole or in part, on the terms
provided herein and in the Company’s [1998 Omnibus Stock Option Plan or Amended and Restated Omnibus Stock Option Plan] (the “Plan”), a total of
[                    ] shares (the “Shares”) of common stock, $.01 par value per share, of the Company (“Common Stock”) at
$[            ] per Share. Unless earlier terminated, this Option shall expire at 5:00 p.m., Eastern time, on
[                ] (the “Final Exercise Date”). 
  
 It is intended that the Option evidenced by this Agreement shall be an incentive stock option as defined in Section 422 of the Internal Revenue Code of
1986, as amended, and any regulations promulgated thereunder (the “Code”). Except as otherwise indicated by the context, the term “Participant”, as used in this Option, shall be deemed to include any person who acquires the right
to exercise this Option validly under its terms. 
  

	2.	Vesting Schedule. 

  
 This Option is immediately exercisable (“Vested”) as to [        ]% of the original number of
Shares on the Grant Date. The remaining [        ]% will vest in equal monthly installments over the [        ] months following the Grant Date.

  
 The right of exercise shall be cumulative so that to the
extent the Option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares for which it is Vested until the earlier of the Final Exercise Date or the
termination of this Option under Section 3 hereof or the Plan. 
  

	3.	Exercise of Option. 

  
 (a) Form of Exercise. Each election to exercise this Option shall be by written notice in the form attached hereto as Exhibit A, signed by the
Participant, and received by the Company at its principal office, accompanied by this Agreement, and payment in full in the manner provided in the Plan. The Participant may purchase less than the number of Shares covered hereby, provided that no
partial exercise of this Option may be for any fractional share. 
  

 (b) Continuous Relationship with the Company Required. Except as otherwise provided in this
Section 3 or the Plan, this Option may not be exercised unless the Participant, at the time he or she exercises this Option, is, and has been at all times since the Grant Date, an employee or officer of, or consultant or advisor to, the Company or
any parent or subsidiary of the Company as defined in Section 424(e) or (f) of the Code (an “Eligible Participant”). 
  
 (c) Termination of Relationship with the Company. If the Participant ceases to be an Eligible Participant for any reason, then the right to
exercise this Option shall terminate as provided in the Plan. Notwithstanding the foregoing, if the Participant, prior to the Final Exercise Date, violates the non-competition or confidentiality provisions of any employment contract, confidentiality
and nondisclosure agreement or other agreement between the Participant and the Company, the right to exercise this Option shall terminate immediately upon written notice to the Participant from the Company describing such violation. 
  
 (d) Discharge for Cause. If the Participant, prior to the Final
Exercise Date, is discharged by the Company for “cause” (as defined below), the right to exercise this Option shall terminate immediately upon the effective date of such discharge. “Cause” shall mean willful misconduct by the
Participant or willful failure by the Participant to perform his or her responsibilities to the Company (including, without limitation, breach by the Participant of any provision of any employment, consulting, advisory, nondisclosure,
non-competition or other similar agreement between the Participant and the Company), as determined by the Company, which determination shall be conclusive. The Participant shall be considered to have been discharged for “Cause” if the
Company determines, within 30 days after the Participant’s resignation, that discharge for cause was warranted. 
  
 4. Tax Matters. 
  
 (a) Withholding. No Shares will be issued pursuant to the exercise of this Option unless and until the Participant pays to the Company, or makes
provision satisfactory to the Company for payment of, any federal, state or local withholding taxes required by law to be withheld in respect of this Option. 
  
 (b) Disqualifying Disposition. If the Participant disposes of Shares acquired upon exercise of this Option within two years from the Grant Date or
one year after such Shares were acquired pursuant to exercise of this Option, the Participant shall notify the Company in writing of such disposition. 
  
 5. Nontransferability of Option. 
  
 This Option may not be sold, assigned, transferred, pledged or otherwise encumbered by the Participant, either voluntarily or by operation of law, except
by will or the laws of descent and distribution, and, during the lifetime of the Participant, this Option shall be exercisable only by the Participant. 
  

 6. Provisions of the Plan. 
  
 This Option is subject to the provisions of the Plan, a copy of which is furnished to the Participant with this Option. The
Participant should refer to the Plan for a more complete description of the terms and provisions of this Option. 
  
 7. Conditions on Delivery of Stock. The Company will not be obligated to deliver any shares of Common Stock pursuant to this Agreement until (i) all conditions of
this Agreement have been met or removed to the satisfaction of the Company, (ii) in the opinion of the Company’s counsel, all other legal matters in connection with the issuance and delivery of the Shares have been satisfied, including any
applicable securities laws and any applicable stock exchange or stock market rules and regulations, and (iii) the Optionee has executed and delivered to the Company such representations or agreements as the Company may consider appropriate to
satisfy the requirements of any applicable laws, rules or regulations. 
  
 8.
Governing Law. This Agreement shall be governed by and interpreted in accordance with the laws of the State of Delaware, without regard to any applicable conflicts of law. 
  
 IN WITNESS WHEREOF, the Company has caused this Option to be executed by its duly authorized officer. This Option shall take
effect as an executed instrument. 
  

									
	 	 	 	 	 BOSTON LIFE SCIENCES, INC.

				
	 Dated:
                         , 200  
	 	 	 	 By:
	 	 
	 	 	 	 	 	 	 Name:
	 	 
	 	 	 	 	 	 	 Title:
	 	 

  

  
 PARTICIPANT’S ACCEPTANCE

  
 The undersigned hereby accepts the foregoing Option and agrees
to the terms and conditions thereof. The undersigned hereby acknowledges receipt of a copy of the Company’s [1998 Omnibus Stock Option Plan or Amended and Restated Omnibus Stock Option Plan]. 
  

			
	 PARTICIPANT:

	
	 
		
	 Address: 
	 	 
		
	 	 	 

  

  
 EXHIBIT A 
  
 NOTICE OF STOCK OPTION EXERCISE 
  
 Date:
                     
  
 Optionee name and address: 
  
 ________________ 
  
 ________________ 

 
 ________________ 
  
 Attention: Treasurer 
  
 Dear Sir or Madam: 
  
 I am the holder of an Incentive Stock Option granted to me by Boston Life Sciences, Inc. (the “Company”) on
                 for the purchase of                  shares of Common
Stock of the Company at a purchase price of $                 per share. 
  

I hereby exercise my option to purchase                  shares
of Common Stock (the “Shares”). 
  
 Please register my
stock certificate as follows: 
  

							
	 	 	 	 	   (check applicable box)
				
	 Name(s):
	 	_______________________	 	q	    	 Tenants in Common

				
	 	 	_______________________	 	q	    	 Tenants by the Entirety

				
	 Address:
	 	_______________________	 	q	    	 Joint Tenants

				
	 Tax I.D. #:
	 	_______________________	 	q	    	 Uniform Gift to Minors Act

  

	
	 Very truly yours,

	
	  
	 (Signature)

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