Document:

EX-10.3

 Exhibit 10.3 

COLD BREW LABS INC. 
 #############

 ############ 
 July 14,
2009 
 Ben Silbermann 
 ############# 

############ 

Re:    EMPLOYMENT AGREEMENT 

Dear Ben: 
 On behalf of Cold Brew Labs Inc., a
Delaware corporation (the “Company”), I am pleased to offer you the position of Chief Product Officer of the Company. Your employment by the Company shall be governed by the following terms and conditions (this
“Agreement”): 
 1.    Duties and Scope of Employment. 

(a) Position. For the term of your employment under this Agreement (your “Employment”), the Company agrees to
employ you in the positions of Chief Product Officer, reporting to the Company’s Board of Directors (the “Board”). You will be working out of the Company’s office in the San Francisco Bay area although you understand and
agree that you may be required to travel from time to time for business reasons. You will perform the duties and have the responsibilities and authority customarily performed and held by an employee in your position. 

(b) Obligations to the Company. During your Employment, you shall devote your full business efforts and time to the
Company’s business. You may, however, serve on corporate, civic or charitable boards or committees, deliver lectures, fulfill speaking engagements or teach at educational institutions, provided that such activities do not individually or in the
aggregate interfere with the performance of your duties under this Agreement or violate the terms of the Confidential Information and Invention Assignment Agreement between you and the Company. You shall comply with the Company’s policies and
rules, as they may be in effect from time to time during your Employment. 
 (c) No Conflicting Obligations. You represent and
warrant to the Company that you are under no obligations or commitments, whether contractual or otherwise, that are inconsistent with your obligations under this Agreement. In connection with your Employment, you shall not use or disclose any trade
secrets or other proprietary information or intellectual property in which you or any other person has any right, title or interest and your Employment will not infringe or violate the rights of any other person. You represent and warrant to the
Company that you have returned all property and confidential information belonging to any prior employer. 

 (d) Commencement Date. You shall commence full-time Employment as soon as
reasonably practicable and in no event later than July 10, 2009 (the “Start Date”) 

2.    Compensation. The Company shall pay you as compensation for your services an initial base salary at a
gross annual rate of $60,000. Such salary shall be payable in accordance with the Company’s standard payroll procedures. The annual compensation specified in this Section 2, together with any modifications in such compensation that the
Company may make from time to time, is referred to in this Agreement as “Base Salary.” The Board or any Compensation Committee of the Board shall review your Base Salary at least annually. 

3.    Vacation/PTO and Employee Benefits. During your Employment, you shall be eligible to accrue paid
vacation / paid time off, pro-rated for the remainder of this calendar year, in accordance with the Company’s vacation / paid time off policy, as it may be amended from time to time. During your
Employment, you shall be eligible to participate in the employee benefit plans maintained by the Company and generally available to similarly situated employees of the Company, subject in each case to the generally applicable terms and conditions of
the plan in question and to the determinations of any person or committee administering such plan. 

4.    Business Expenses; Travel Policy. The Company will reimburse you for your necessary and reasonable
business expenses incurred in connection with your duties hereunder upon presentation of an itemized account and appropriate supporting documentation, all in accordance with the Company’s generally applicable policies. 

5.    Termination. 

(a) Employment at Will. Your Employment shall be “at will,” meaning that either you or the Company shall be entitled to
terminate your Employment at any time and for any reason, with or without cause. Any contrary representations that may have been made to you shall be superseded by this Agreement. This Agreement shall constitute the full and complete agreement
between you and the Company on the “at-will” nature of your Employment, which may only be changed in an express written agreement signed by you and a duly authorized officer of the Company. 

(b) Rights Upon Termination. Except as expressly provided herein, but subject to the provisions of any Common Stock Purchase
Agreement or Stock Restriction Agreement entered into between you and the Company, upon the termination of your Employment, you shall only be entitled to the compensation and benefits earned and the reimbursements described in this Agreement for the
period preceding the effective date of the termination. 

6.    Pre-Employment Conditions. 

(a) Confidentiality Agreement. Your acceptance of this offer and commencement of employment with the Company is contingent upon
the execution, and delivery to an officer of the Company, of the Company’s Confidential Information and Invention Assignment Agreement, a copy of which is enclosed for your review and execution (the “Confidentiality
Agreement”), prior to or on your Start Date. 

  
 2 

 (b) Right to Work. For purposes of federal immigration law, you will be
required to provide to the Company documentary evidence of your identity and eligibility for employment in the United States. 

7.    Successors. 

(a) Company’s Successors. This Agreement shall be binding upon any successor (whether direct or indirect and whether by
purchase, lease, merger, consolidation, liquidation or otherwise) to all or substantially all of the Company’s business and/or assets. For all purposes under this Agreement, the term “Company” shall include any successor to the
Company’s business or assets that becomes bound by this Agreement. 
 (b) Your Successors. This Agreement and all of your
rights hereunder shall inure to the benefit of, and be enforceable by, your personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. 

8.    Miscellaneous Provisions. 

(a) Notice. Notices and all other communications contemplated by this Agreement shall be in writing and shall be deemed to have
been duly given when personally delivered or when mailed by U.S. registered or certified mail, return receipt requested and postage prepaid. In your case, mailed notices shall be addressed to you at the home address that you most recently
communicated to the Company in writing. In the case of the Company, mailed notices shall be addressed to its corporate headquarters, and all notices shall be directed to the attention of its Secretary. 

(b) Modifications and Waivers. No provision of this Agreement shall be modified, waived or discharged unless the modification,
waiver or discharge is agreed to in writing and signed by you and by an authorized officer of the Company (other than you). No waiver by either party of any breach of, or of compliance with, any condition or provision of this Agreement by the other
party shall be considered a waiver of any other condition or provision or of the same condition or provision at another time. 
 (c)
Whole Agreement. No other agreements, representations or understandings (whether oral or written and whether express or implied) which are not expressly set forth in this Agreement have been made or entered into by either party with
respect to the subject matter hereof. This Agreement and the Confidentiality Agreement contain the entire understanding of the parties with respect to the subject matter hereof. 

(d) Withholding Taxes. All payments made under this Agreement shall be subject to reduction to reflect taxes or other charges
required to be withheld by law. 

  
 3 

 (e) Choice of Law and Severability. This Agreement shall be interpreted in
accordance with the laws of the State of California without giving effect to provisions governing the choice of law. If any provision of this Agreement becomes or is deemed invalid, illegal or unenforceable in any applicable jurisdiction by reason
of the scope, extent or duration of its coverage, then such provision shall be deemed amended to the minimum extent necessary to conform to applicable law so as to be valid and enforceable or, if such provision cannot be so amended without
materially altering the intention of the parties, then such provision shall be stricken and the remainder of this Agreement shall continue in full force and effect. If any provision of this Agreement is rendered illegal by any present or future
statute, law, ordinance or regulation (collectively, the “Law”) then that provision shall be curtailed or limited only to the minimum extent necessary to bring the provision into compliance with the Law. All the other terms and
provisions of this Agreement shall continue in full force and effect without impairment or limitation. 
 (f) No Assignment.
This Agreement and all of your rights and obligations hereunder are personal to you and may not be transferred or assigned by you at any time. The Company may assign its rights under this Agreement to any entity that assumes the Company’s
obligations hereunder in connection with any sale or transfer of all or a substantial portion of the Company’s assets to such entity. 

(g) Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all
of which together shall constitute one and the same instrument. 
 [Remainder of page intentionally blank] 

  
 4 

 We are all delighted to be able to extend you this offer and look forward to working with
you. To indicate your acceptance of the Company’s offer, please sign and date this letter in the space provided below and return it to me, along with a signed and dated original copy of the Confidentiality Agreement. 

 

			
	Very truly yours,
	
	COLD BREW LABS INC.
		
	By:	 	 /s/ Paul Sciarra

		 	(Signature)
		
	Name:	 	Paul Sciarra
		
	Title:	 	CEO

  

	
	
	ACCEPTED AND AGREED:
	
	BENJAMIN SILBERMANN
	
	 /s/ Benjamin Silbermann

	(Signature)
	
	 7/14/09

	Date

 Attachment A: Confidential Information and Invention Assignment Agreement. 

  
 5 

 ATTACHMENT A 

CONFIDENTIAL INFORMATION AND 

INVENTION ASSIGNMENT AGREEMENT 

(See Attached)EX-10.4

 Exhibit 10.4 

COLD BREW LABS INC. 

CONFIDENTIAL INFORMATION AND 

INVENTION ASSIGNMENT AGREEMENT 

Employee Name: Benjamin Silbermann 

Effective Date: October 28, 2008 

As a condition of my becoming employed (or my employment being continued) by Cold Brew Labs Inc., a Delaware corporation, or any of its
current or future subsidiaries, affiliates, successors or assigns (collectively, the “Company”), and in consideration of my employment with the Company and my receipt of the compensation now and hereafter paid to me by the Company,
I agree to the following: 
 1.    Relationship. This Agreement will apply to my employment relationship with the Company.
If that relationship ends and the Company, within a year thereafter, either re-employs me or engages me as a consultant, I agree that this Agreement will also apply to such later employment or consulting
relationship, unless the Company and I otherwise agree in writing. Any such employment or consulting relationship between the Company and me, whether commenced prior to, upon or after the date of this Agreement, is referred to herein as the
“Relationship.” 
 2.    Duties. I will perform for the Company such duties as may be designated by the
Company from time to time or that are otherwise within the scope of the Relationship and not contrary to instructions from the Company. During the Relationship, I will devote my entire best business efforts to the interests of the Company and will
not engage in other employment or in any activities detrimental to the best interests of the Company without the prior written consent of the Company. 

3.    Confidential Information. 

(a)    Protection of Information. I agree, at all times during the term of the Relationship and thereafter,
to hold in strictest confidence, and not to use, except for the benefit of the Company to the extent necessary to perform my obligations to the Company under the Relationship, and not to disclose to any person, firm, corporation or other entity,
without written authorization from the Company in each instance, any Confidential Information (as defined below) that I obtain, access or create during the term of the Relationship, whether or not during working hours, until such Confidential
Information becomes publicly and widely known and made generally available through no wrongful act of mine or of others who were under confidentiality obligations as to the item or items involved. I further agree not to make copies of such
Confidential Information except as authorized by the Company. 
 (b)    Confidential Information. I
understand that “Confidential Information” means information and physical material not generally known or available outside the Company and information and physical material entrusted to the Company in confidence by third parties.
Confidential Information includes, without limitation: (i) Company Inventions (as defined below); (ii) technical data, trade secrets, know-how, research, product or service ideas or plans, software codes
and designs, developments, inventions, laboratory notebooks, processes, formulas, techniques, biological materials, mask works, engineering designs and drawings, hardware 

 
configuration information, lists of, or information relating to, suppliers and customers (including, but not limited to, customers of the Company on whom I called or with whom I became acquainted
during the Relationship), price lists, pricing methodologies, cost data, market share data, marketing plans, licenses, contract information, business plans, financial forecasts, historical financial data, budgets or other business information
disclosed to me by the Company either directly or indirectly, whether in writing, electronically, orally, or by observation. 

(c)    Third Party Information. My agreements in this Section 3 are intended to be for the benefit of
the Company and any third party that has entrusted information or physical material to the Company in confidence. 

(d)    Other Rights. This Agreement is intended to supplement, and not to supersede, any rights the Company
may have in law or equity with respect to the protection of trade secrets or confidential or proprietary information. 

4.    Ownership of Inventions. 

(a)    Inventions Retained and Licensed. I have attached hereto, as Exhibit A, a complete list
describing with particularity all Inventions (as defined below) that, as of the Effective Date, belong solely to me or belong to me jointly with others, and that relate in any way to any of the Company’s proposed businesses, products or
research and development, and which are not assigned to the Company hereunder; or, if no such list is attached, I represent that there are no such Inventions at the time of signing this Agreement. 

(b)    Use or Incorporation of Inventions. If in the course of the Relationship, I use or incorporate into a
product, process or machine any Invention not covered by Section 4(d) of this Agreement in which I have an interest, I will promptly so inform the Company. Whether or not I give such notice, I hereby irrevocably grant to the Company a
nonexclusive, fully paid-up, royalty-free, assumable, perpetual, worldwide license, with right to transfer and to sublicense, to practice and exploit such Invention and
to make, have made, copy, modify, make derivative works of, use, sell, import, and otherwise distribute under all applicable intellectual properties without restriction of any kind. 

(c)    Inventions. I understand that “Inventions” means discoveries, developments,
concepts, designs, ideas, know how, improvements, inventions, trade secrets and/or original works of authorship, whether or not patentable, copyrightable or otherwise legally protectable. I understand this includes, but is not limited to, any new
product, machine, article of manufacture, biological material, method, procedure, process, technique, use, equipment, device, apparatus, system, compound, formulation, composition of matter, design or configuration of any kind, or any improvement
thereon. I understand that “Company Inventions” means any and all Inventions that I may solely or jointly author, discover, develop, conceive, or reduce to practice during the period of the Relationship, except as otherwise provided
in Section 4(g) below. 
 (d)    Assignment of Company Inventions. I agree that I will promptly make
full written disclosure to the Company, will hold in trust for the sole right and benefit of the Company, and hereby assign to the Company, or its designee, all my right, title and interest throughout the world in and to any and all Company
Inventions. I further acknowledge that all Company 

  
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Inventions that are made by me (solely or jointly with others) within the scope of and during the period of the Relationship are “works made for hire” (to the greatest extent permitted
by applicable law) and are compensated by my salary. I hereby waive and irrevocably quitclaim to the Company or its designee any and all claims, of any nature whatsoever, that I now have or may hereafter have for infringement of any and all Company
Inventions. 
 (e)    Maintenance of Records. I agree to keep and maintain adequate and current written
records of all Company Inventions made by me (solely or jointly with others) during the term of the Relationship. The records may be in the form of notes, sketches, drawings, flow charts, electronic data or recordings, laboratory notebooks, or any
other format. The records will be available to and remain the sole property of the Company at all times. I agree not to remove such records from the Company’s place of business except as expressly permitted by Company policy which may, from
time to time, be revised at the sole election of the Company for the purpose of furthering the Company’s business. I agree to deliver all such records (including any copies thereof) to the Company at the time of termination of the Relationship
as provided for in Sections 5 and 6. 
 (f)    Patent and Copyright Rights. I agree to assist the
Company, or its designee, at its expense, in every proper way to secure the Company’s, or its designee’s, rights in the Company Inventions and any copyrights, patents, trademarks, mask work rights, moral rights, or other intellectual
property rights relating thereto in any and all countries, including the disclosure to the Company or its designee of all pertinent information and data with respect thereto, the execution of all applications, specifications, oaths, assignments,
recordations, and all other instruments which the Company or its designee shall deem necessary in order to apply for, obtain, maintain and transfer such rights, or if not transferable, waive such rights, and in order to assign and convey to the
Company or its designee, and any successors, assigns and nominees the sole and exclusive right, title and interest in and to such Company Inventions, and any copyrights, patents, mask work rights or other intellectual property rights relating
thereto. I further agree that my obligation to execute or cause to be executed, when it is in my power to do so, any such instrument or papers shall continue during and at all times after the end of the Relationship and until the expiration of the
last such intellectual property right to expire in any country of the world. I hereby irrevocably designate and appoint the Company and its duly authorized officers and agents as my agent and attorney-in-fact, to act for and in my behalf and stead to execute and file any such applications and to do all other lawfully permitted acts to further the application for, prosecution, issuance, maintenance
or transfer of letters of patents, copyright, mask work and other registrations related to such Company Inventions. This power of attorney is coupled with an interest and shall not be affected by my subsequent incapacity. 

(g)    Exception to Assignments. I understand that the Company Inventions will not include, and the
provisions of this Agreement requiring assignment of inventions to the Company do not apply to, any invention which qualifies fully for exclusion under the provisions of applicable state law, if any, attached hereto as Exhibit B. In order to
assist in the determination of which inventions qualify for such exclusion, I will advise the Company promptly in writing, during and after the term of the Relationship, of all Inventions solely or jointly conceived or developed or reduced to
practice by me during the period of the Relationship. 

  
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 5.    Company Property; Returning Company Documents. I acknowledge and
agree that I have no expectation of privacy with respect to the Company’s telecommunications, networking or information processing systems (including, without limitation, files, e-mail messages, and voice
messages) and that my activity and any files or messages on or using any of those systems may be monitored at any time without notice. I further agree that any property situated on the Company’s premises and owned by the Company, including
disks and other storage media, filing cabinets or other work areas, is subject to inspection by Company personnel at any time with or without notice. I agree that, at the time of termination of the Relationship, I will deliver to the Company (and
will not keep in my possession, recreate or deliver to anyone else) any and all devices, records, data, notes, reports, proposals, lists, correspondence, specifications, drawings, blueprints, sketches, laboratory notebooks, materials, flow charts,
equipment, other documents or property, or reproductions of any of the aforementioned items developed by me pursuant to the Relationship or otherwise belonging to the Company, its successors or assigns. 

6.    Termination Certification. In the event of the termination of the Relationship, I agree to sign and deliver the
“Termination Certification” attached hereto as Exhibit C; however, my failure to sign and deliver the Termination Certification shall in no way diminish my continuing obligations under this Agreement. 

7.    Notice to Third Parties. I understand and agree that the Company may, with or without prior notice to me and during or
after the term of the Relationship, notify third parties of my agreements and obligations under this Agreement. 

8.    Solicitation of Employees, Consultants and Other Parties. I agree that during the term of the Relationship, and for a
period of twelve (12) months immediately following the termination of the Relationship for any reason, whether with or without cause, I shall not either directly or indirectly solicit, induce, recruit or encourage any of the Company’s
employees or consultants to terminate their relationship with the Company, or attempt to solicit, induce, recruit, encourage or take away employees or consultants of the Company, either for myself or for any other person or entity. Further, during
the Relationship and at any time following the termination of the Relationship for any reason, whether with or without cause, I shall not use any Confidential Information of the Company to negatively influence any of the Company’s clients or
customers from purchasing Company products or services or to solicit or influence or attempt to influence any client, customer or other person either directly or indirectly, to direct any purchase of products and/or services to any person, firm,
corporation, institution or other entity in competition with the business of the Company. 
 9.    At-Will Relationship. I understand and acknowledge that, except as may be otherwise explicitly provided in a separate written agreement between the Company and me, my Relationship with the Company is and shall
continue to be at-will, as defined under applicable law, meaning that either I or the Company may terminate the Relationship at any time for any reason or no reason, without further obligation or liability,
other than those provisions of this Agreement that explicitly survive the termination of the Relationship. 

  
 -4- 

 10.    Representations and Covenants. 

(a)    Facilitation of Agreement. I agree to execute promptly, both during and after the end of the
Relationship, any proper oath, and to verify any proper document, required to carry out the terms of this Agreement, upon the Company’s written request to do so. 

(b)    No Conflicts. I represent that my performance of all the terms of this Agreement does not and will
not breach any agreement I have entered into, or will enter into, with any third party, including without limitation any agreement to keep in confidence proprietary information or materials acquired by me in confidence or in trust prior to or during
the Relationship. I will not disclose to the Company or use any inventions, confidential or non-public proprietary information or material belonging to any previous client, employer or any other party. I will
not induce the Company to use any inventions, confidential or non-public proprietary information, or material belonging to any previous client, employer or any other party. I acknowledge and agree that I have
listed on Exhibit A all agreements (e.g., non-competition agreements, non-solicitation of customers agreements, non-solicitation
of employees agreements, confidentiality agreements, inventions agreements, etc.), if any, with a current or former client, employer, or any other person or entity, that may restrict my ability to accept employment with the Company or my ability to
recruit or engage customers or service providers on behalf of the Company, or otherwise relate to or restrict my ability to perform my duties for the Company or any obligation I may have to the Company. I agree not to enter into any written or oral
agreement that conflicts with the provisions of this Agreement. I represent that I do not presently perform or intend to perform, during the term of this Agreement, employment, consulting or other services for, and I am not presently employed by and
have no intention of being employed by, companies whose businesses or proposed businesses in any way involve products or services that would be competitive with the Company’s products or services, or those products or services proposed or in
development by the Company during the term of this Agreement. If, however, I decide to do so, I agree that, in advance of accepting such employment or agreeing to perform such services, I will promptly notify the Company in writing, specifying the
organization to which I propose to render services, and provide information sufficient to allow the Company to determine if such work would conflict with the interests of the Company. 

(c)    Voluntary Execution. I certify and acknowledge that I have carefully read all of the provisions of
this Agreement, that I understand and have voluntarily accepted such provisions, and that I will fully and faithfully comply with such provisions. 

11.    General Provisions. 

(a)    Governing Law. The validity, interpretation, construction and performance of this Agreement shall be
governed by the laws of the State of California, without giving effect to the principles of conflict of laws. 

(b)    Entire Agreement. This Agreement sets forth the entire agreement and understanding between the
Company and me relating to its subject matter and merges all prior discussions between us. No amendment to this Agreement will be effective unless in writing signed by both parties to this Agreement. The Company shall not be deemed hereby to have
waived any rights or remedies it may have in law or equity, nor to have given any authorizations 

  
 -5- 

 
or waived any of its rights under this Agreement, unless, and only to the extent, it does so by a specific writing signed by a duly authorized officer of the Company, it being understood that,
even if I am an officer of the Company, I will not have authority to give any such authorizations or waivers for the Company under this Agreement without specific approval by the Board of Directors. Any subsequent change or changes in my duties,
obligations, rights or compensation will not affect the validity or scope of this Agreement. 

(c)    Severability. If one or more of the provisions in this Agreement are deemed void or unenforceable to
any extent in any context, such provisions shall nevertheless be enforced to the fullest extent allowed by law in that and other contexts, and the validity and force of the remainder of this Agreement shall not be affected. 

(d)    Successors and Assigns. This Agreement will be binding upon my heirs, executors, administrators and
other legal representatives, and my successors and assigns, and will be for the benefit of the Company, its successors, and its assigns. 

(e)    Remedies. I acknowledge and agree that violation of this Agreement by me may cause the Company
irreparable harm, and therefore agree that the Company will be entitled to seek extraordinary relief in court, including, but not limited to, temporary restraining orders, preliminary injunctions and permanent injunctions without the necessity of
posting a bond or other security (or, where such a bond or security is required, I agree that a $1,000 bond will be adequate), in addition to and without prejudice to any other rights or remedies that the Company may have for a breach of this
Agreement. 
 (f)    ADVICE OF COUNSEL. I ACKNOWLEDGE THAT, IN EXECUTING THIS AGREEMENT, I HAVE HAD THE
OPPORTUNITY TO SEEK THE ADVICE OF INDEPENDENT LEGAL COUNSEL, AND I HAVE READ AND UNDERSTOOD ALL OF THE TERMS AND PROVISIONS OF THIS AGREEMENT. THIS AGREEMENT SHALL NOT BE CONSTRUED AGAINST ANY PARTY BY REASON OF THE DRAFTING OR PREPARATION HEREOF.

 The parties have executed this Agreement on the respective dates set forth below, to be effective as of the Effective Date first above
written. 
  

									
	COMPANY:	 		 	 EMPLOYEE:

			
	COLD BREW LABS INC.	 		 	 BENJAMIN SILBERMANN, an Individual

				
	 By:
	 	 /s/ Paul Sciarra
	 		 	 /s/ Benjamin W. Silbermann

		 	 (signature)
	 		 	 (signature)

					
	 Name:
	 	     Paul Sciarra
	 		 		 	
	 Title:
	 	    President and Chief Executive Officer	 	    	 		 	
	 Date:
	 	     October 28, 2008
	 		 	 Date:
	 	     October 28, 2008

					
	 Address:
	 	     #########

    ######## 
	 		 	 Address:
	 	     #########

    ########

  
 -6- 

 EXHIBIT A 

LIST OF PRIOR INVENTIONS 

AND ORIGINAL WORKS OF AUTHORSHIP 

EXCLUDED UNDER SECTION 4(A) 
  

					
	
    Title    
	  	
    Date    
	  	 Identifying Number
or Brief
Description

  
  
  

 
  

			
	X	  	No inventions, improvements, or original works of authorship
		
	    	  	Additional sheets attached

			
		
	 Signature of Employee:
	  	 /s/ Benjamin W.
Silbermann                                    

		
	 Print Name of Employee:
	  	 Benjamin Silbermann

			
		
	 Date:    
	 	October 28, 2008

 EXHIBIT B 

Section 2870 of the California Labor Code is as follows: 

(a)    Any provision in an employment agreement which provides that an employee shall assign, or offer to assign, any of
his or her rights in an invention to his or her employer shall not apply to an invention that the employee developed entirely on his or her own time without using the employer’s equipment, supplies, facilities, or trade secret information
except for those inventions that either: 
 (1)    Relate at the time of conception or reduction to practice of the
invention to the employer’s business, or actual or demonstrably anticipated research or development of the employer; or 

(2)    Result from any work performed by the employee for the employer. 

(b)    To the extent a provision in an employment agreement purports to require an employee to assign an invention
otherwise excluded from being required to be assigned under subdivision (a), the provision is against the public policy of this state and is unenforceable. 

 

 EXHIBIT C 

TERMINATION CERTIFICATION 

This is to certify that I do not have in my possession, nor have I failed to return, any devices, records, data, notes, reports, proposals,
lists, correspondence, specifications, drawings, blueprints, sketches, laboratory notebooks, flow charts, materials, equipment, other documents or property, or copies or reproductions of any aforementioned items belonging to Cold Brew Labs Inc., a
Delaware corporation, its subsidiaries, affiliates, successors or assigns (collectively, the “Company”). 
 I further
certify that I have complied with all the terms of the Company’s Confidential Information and Invention Assignment Agreement signed by me, including the reporting of any Inventions (as defined therein), conceived or made by me (solely or
jointly with others) covered by that agreement. 
 I further agree that, in compliance with the Confidential Information and Invention
Assignment Agreement, I will preserve as confidential all trade secrets, confidential knowledge, data or other proprietary information relating to products, processes, know-how, designs, formulas,
developmental or experimental work, computer programs, data bases, other original works of authorship, customer lists, business plans, financial information or other subject matter pertaining to any business of the Company or any of its employees,
clients, consultants or licensees. 
 I further agree that for twelve (12) months from the date of this Certification, I shall not
either directly or indirectly solicit, induce, recruit or encourage any of the Company’s employees or consultants to terminate their relationship with the Company, or attempt to solicit, induce, recruit, encourage or take away employees or
consultants of the Company, either for myself or for any other person or entity. Further, I shall not at any time use any Confidential Information of the Company to negatively influence any of the Company’s clients or customers from purchasing
Company products or services or to solicit or influence or attempt to influence any client, customer or other person either directly or indirectly, to direct any purchase of products and/or services to any person, firm, corporation, institution or
other entity in competition with the business of the Company. 
  

									
	Date:	 	 	 		 	
					
		 		 		 		 	 
		 		 		 		 	(Employee’s Signature)
					
		 		 		 		 	Benjamin Silbermann
		 		 		 		 	(Print Employee’s Name)

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