Document:

Subordination, Nondisturbance and Attornment Agreement

 EXHIBIT 10.5 
 After Recording Mail To: 
 KeyBank National Association 
 Real Estate Capital 
 Mailcode: WA-31-18-0385 
 601 -
108th Avenue N.E., 3rd Floor 
 Bellevue, WA 98004 
 Attn: Regan
Frick 
 SUBORDINATION, NONDISTURBANCE 
 AND ATTORNMENT AGREEMENT 
 AND ESTOPPEL CERTIFICATE 
  

			
	 GRANTOR:
 (Tenant)
	  	KORRY ELECTRONICS CO., a Delaware corporation
		
	 GRANTEE:
 (Lender)
	  	KEYBANK NATIONAL ASSOCIATION, a national banking association
		
	 LEGAL
	  	Ptn of SE 1/4, 22-28N-04E, and Ptn NE 1
/4 27-28N-04E
	 DESCRIPTION
	  	The complete legal description is on Exhibit A.
		
	 TAX PARCEL
 ACCOUNT
 NUMBERS
	  	280422-004-003-00; 280427-001-001-00

 THIS SUBORDINATION, NONDISTURBANCE AND ATTORNMENT AGREEMENT
AND ESTOPPEL CERTIFICATE is made this 30th day of July, 2008, between KEYBANK NATIONAL ASSOCIATION, a national banking association
(“Lender”) and KORRY ELECTRONICS CO., a Delaware corporation (“Tenant”). 
 Recitals 
 CAPSTONE PF LLC, a Washington limited liability company (“Landlord”) is the ground lessee of real
property (“Property”) located in Snohomish County, Washington, and legally described on Exhibit A. Tenant is leasing the Property from Landlord under that certain Building Lease and Sublease dated March 26, 2008, as
amended by First Amendment to Building Lease and Sublease dated June 25, 2008, and by Second Amendment to Building Lease and Sublease dated July 30, 2008 (the “Lease”). Lender has agreed to make a loan
(“Loan”) to Landlord, secured by a Deed of Trust, Assignment of Rents, Security Agreement and Fixture Filing and an Assignment of Rents and Leases (together, the “Security Instruments”) encumbering
Landlord’s 
  

					
		 	-1-	 	Lease Subordination

 leasehold interest in the Property. The Security Instruments constitute an assignment to Lender of all right, title, and
interest of Landlord under the Lease as security for the Loan. The Security Instruments were recorded on July     , 2008 under Snohomish County Recording Nos.
                     and
                    . Lender’s agreement to make the Loan is conditioned on Tenant’s subordination of the Lease to the Security
Instruments, and Tenant’s agreement to attorn to Lender if Lender obtains title to the Property by foreclosure or deed in lieu of foreclosure. Tenant is willing to do so in consideration of the benefits to Tenant from the Loan and the Lease and
Lender’s agreement not to disturb Tenant’s possession of the Property under the Lease, and Landlord is also executing this Agreement to indicate its consent and agreement to the terms contained herein. 
 Agreement 
 NOW, THEREFORE, Lender and Tenant
agree as provided below. 
  

	1.	Subordination. Tenant hereby subordinates the Lease and all of its rights thereunder to the Security Instruments and all of Lender’s rights thereunder, including
any and all renewals, modifications and extensions thereof. 

  

	2.	Nondisturbance. Lender agrees that if Lender obtains title to the Property by foreclosure or deed in lieu of foreclosure, Lender shall be bound to Tenant under all the
terms and conditions of the Lease (except as provided in this Agreement), the Lease shall continue in full force and effect as a direct lease in accordance with its terms (except as provided in this Agreement) between Lender and Tenant.
Tenant’s possession of the Property under the Lease shall not be disturbed by Lender during the term of the Lease and Lender shall not join Tenant in any action or proceeding for the purpose of terminating the Lease, except upon the occurrence
of a default by Tenant under the Lease and the continuance of such default beyond any cure period given to Tenant under the Lease. Lender agrees that all condemnation awards and insurance proceeds payable to Landlord or Lender with respect to the
Property shall be paid and applied to restoration of the Property in accordance with the provisions for condemnation and casualty under the Lease provided that, with respect to any casualty, Tenant ratifies its obligations under the Lease including,
without limitation, its obligation to repair and replace any “Tenant Improvements” (as defined in the Lease) damaged or destroyed by such casualty. 

  

	3.	Attornment. If Lender obtains title to the Property by foreclosure or deed in lieu of foreclosure, Tenant shall attorn to Lender and recognize Lender as the landlord
under the Lease for the unexpired term of the Lease. Such attornment shall be effective without Lender being (a) subject to any offsets or defenses arising out of any prior act or omission of Landlord (but the foregoing shall not limit either
(i) Tenant’s right to exercise against Lender any offset rights otherwise available to Tenant under the Lease because of events occurring after the date of attornment, or (ii) Lender’s obligation to correct any conditions that
existed as of the date of attornment and violated Lender’s obligations as successor landlord under the Lease), (b) liable for any prior act or 

  

					
		 	-2-	 	Lease Subordination

	 	 
omission of Landlord, (c) bound by any amendment, modification, or waiver of any of the provisions of the Lease, or by any separate agreement between
Landlord and Tenant relating to the Property, unless any such action was taken with the prior written consent of Lender, (d) liable for the return of any security or other deposit unless the deposit has been paid to Lender, or (e) bound by
any payment of rent or other monthly payment under the Lease made by Tenant more than one month in advance of the due date, unless the same was paid to, and received by, Lender. Lender and Tenant specifically agree that the right of first offer
contained in Section 10.5 of the Lease shall not be triggered by or eliminated by any foreclosure or deed in lieu of foreclosure, that such right of first offer will not terminate upon Lender obtaining title to the Property by foreclosure or
deed in lieu of foreclosure, and that such right of first offer shall continue to be recognized after foreclosure or deed in lieu of foreclosure. Lender and Tenant specifically agree that the option to purchase contained in Section 10.6 of the
Lease shall not be triggered by or eliminated by any foreclosure or deed in lieu of foreclosure, that such option to purchase will not terminate upon Lender obtaining title to the Property by foreclosure or deed in lieu of foreclosure, and that such
option to purchase shall continue to be recognized after foreclosure or deed in lieu of foreclosure. Lender’s obligations as landlord under the Lease after obtaining title to the Property by foreclosure or deed in lieu of foreclosure shall
terminate upon Lender’s subsequent transfer of its interest in the Property. 

  

	4.	Termination of Lease. If Lender obtains title to the Property by foreclosure or deed in lieu of foreclosure and Landlord’s obligation under the Lease to construct
the “Base Building Improvements” has not been substantially completed, Lender will cause the Base Building Improvements to be completed as soon as reasonably possible thereafter but only if the undisbursed proceeds of the Loan are
sufficient to pay all of the costs of completion. If Lender reasonably determines that the undisbursed proceeds of the Loan are not sufficient, it will give notice thereof to Tenant and the Lease will terminate unless, within thirty (30) days
after the date of such notice, Tenant agrees to pay the excess costs and provides assurances of payment reasonably acceptable to Lender. 

  

	5.	Covenants of Tenant. Tenant covenants and agrees with Lender as follows: 

  

	 	5.1	Upon written demand from Lender which is also sent to Landlord, Tenant shall pay to Lender all rent and other payments otherwise payable to Landlord under the Lease. The consent and
approval of Landlord to this Agreement shall constitute an express authorization for Tenant to make such payments to Lender and a release and discharge of all liability of Tenant to Landlord for any such payments made to Lender, and Landlord agrees
that Tenant shall have the right to rely on any such notice from Lender without incurring any obligation or liability to Landlord, and Tenant is hereby instructed to disregard any notice to the contrary received from Landlord or any third party. All
such payments made by Tenant to Lender shall be credited to installments of rent otherwise payable to Landlord under the Lease. 

  

					
		 	-3-	 	Lease Subordination

	 	5.2	Tenant shall enter into no material amendment or modification of the Lease without Lender’s prior written consent. 

  

	 	5.3	Tenant shall not subordinate its rights under the Lease to any other mortgage, deed of trust or other security instrument without the prior written consent of Lender.

  

	 	5.4	If the Lease is rejected or deemed rejected in any bankruptcy proceeding with respect to Landlord, Tenant shall not exercise its option to treat the Lease as terminated under 11
U.S.C. § 365(h), as amended. 

  

	 	5.5	Tenant shall not accept any waiver or release of Tenant’s obligations under the Lease by Landlord, or any termination of the Lease by Landlord, without Lender’s prior
written consent. 

  

	 	5.6	Tenant shall promptly deliver written notice to Lender of any default by Landlord under the Lease. Lender shall have the right to cure such default within thirty (30) days
after the receipt of such notice. Tenant further agrees not to invoke any of its remedies under the Lease until the thirty (30) days have elapsed, or during any period that Lender is proceeding to cure the default with due diligence, or is
attempting to obtain the right to obtain the Property and cure the default. 

  

	6.	Effect of Assignment. Notwithstanding that Landlord has assigned its rights under the Lease to Lender as security for the Loan, Lender shall not be liable for any of
the obligations of Landlord to Tenant under the Lease until Landlord has obtained title to the Property by foreclosure or deed in lieu of foreclosure, and then only to the extent provided in Section 3 above and this Section 6.
Notwithstanding any provision in the Lease to the contrary, if Lender has obtained title to the Property, its liability under the Lease shall be limited to Lender’s interest in the Property and any proceeds therefrom, and any judgment against
Lender will be enforceable solely against Lender’s interest in the Property and any proceeds therefrom. 

  

	7.	Estoppel Certifications. Tenant hereby certifies to Lender as provided below. 

  

	 	7.1	The Lease constitutes the entire agreement between Landlord and Tenant relating to the Property. 

  

	 	7.2	The Lease is in full force and effect, and has not been amended, modified, or assigned by Tenant. 

  

	 	7.3	Tenant has no present claim, offset or defense under the Lease, and Tenant has no knowledge of any uncured default by Landlord under the Lease. 

  

					
		 	-4-	 	Lease Subordination

	 	7.4	Tenant has no knowledge of any prior sale, transfer, assignment, hypothecation or pledge of Landlord’s interest under the Lease or of the rents due under the Lease.

  

	 	7.5	Except as otherwise provided in the Lease, Tenant has made no agreements with Landlord concerning free rent, partial rent, rebate of rental payments, setoff, or any other type of
rental concession. 

  

	 	7.6	Except as set out in the Lease, Tenant has no options or rights of first refusal with respect to acquiring the Property. 

  

	8.	Costs and Attorneys’ Fees. In the event of any claim or dispute arising out of this Agreement, the party that substantially prevails shall be awarded, in addition
to all other relief, all attorneys’ fees and other costs and expenses incurred in connection with such claim or dispute; including without limitation those fees, costs, and expenses incurred before or after suit, and in any arbitration, and any
appeal, any proceedings under any present or future bankruptcy act or state receivership, and any post-judgment proceedings. 

  

	9.	Notices. All notices to be given under this Agreement shall be in writing and personally delivered or mailed, postage prepaid, certified or registered mail, return
receipt requested, to Lender at the address indicated on the first page of this Agreement, and to Tenant at its address indicated below. All mailed notices shall be deemed given three days after the postmark. Either party may change its address by
notice to the other. 

  

	10.	Miscellaneous. This Agreement may not be modified except in writing and executed by the parties hereto or their successors in interest. This Agreement shall inure to
the benefit of and be binding upon the parties hereto and their successors and assigns. As used herein, “Landlord” shall include Landlord’s predecessors and successors in interest under the Lease, and
“Lender” shall include any purchaser of the Property at any foreclosure sale and any grantee under any deed in lieu of foreclosure of the Security Instruments. If any provision of this Agreement is determined to be invalid,
illegal or unenforceable, such provision shall be considered severed from the rest of this Agreement and the remaining provisions shall continue in full force and effect as if such provision had not been included. This Agreement shall be governed by
the laws of the State of Washington. 

  

					
		 	-5-	 	Lease Subordination

 IN WITNESS WHEREOF, Tenant and Lender have signed this Agreement as of the date first written above. 
  

			
	 “Lender”
  
 KEYBANK NATIONAL ASSOCIATION,
a national banking association

		
	By:	 	/s/ Regan Frick
	Name:	 	
	Title:	 	Vice President
	
	 “Tenant”
  
 KORRY ELECTRONICS CO., a Delaware corporation

		
	By:	 	/s/ Dan McFeeley
	Name:	 	Dan McFeeley
	Title:	 	President

			
		
	Address:	 	
		 	901 Dexter Avenue N.
Seattle, WA 98109
Attn: Dan McFeeley
Fax No. 206-273-4174

 The undersigned Guarantor of Tenant’s Lease obligations hereby agrees and consents to the foregoing
Agreement: 
  

			
	ESTERLINE TECHNOLOGIES CORPORATION, a Delaware corporation
		
	By:	 	/s/ Robert D. George
	Name:	 	Robert D. George
	Title:	 	VP, CFO, Secretary & Treasurer

  

					
		 	-6-	 	Lease Subordination

 CONSENTED AND AGREED TO: 
  

							
	“LANDLORD”
	
	CAPSTONE PF LLC, a Washington limited liability company
		
	By:	 	Capstone Partners NW LLC, Manager
			
		 	By:	 	CBIL Group LLC, Authorized Member
				
		 		 	By:	 	/s/ Kirk Johnson
		 		 		 	Kirk Johnson, Sole Member

 Tenant Acknowledgment 
  

					
	 STATE OF WASHINGTON
	  	)	  	
		  	)	  	ss.
	 County of King
	  	)	  	

 I certify that I know or have satisfactory evidence that Daniel McFeeley is the person who appeared before me, and
said person acknowledged that he/she signed this instrument, on oath stated that he/she was authorized to execute the instrument and acknowledged it as the President of KORRY ELECTRONICS CO., a Delaware corporation, to be the free and voluntary act
of such party for the uses and purposes mentioned in the instrument. 
 DATED this 30th day of July, 2008. 
  

			
		
	 [SEAL]
	 	/s/ Kathryn L. Simpson
		 	Notary Public in and for the State of Washington
		 	Kathryn L. Simpson
		 	Name (printed or typed)
		 	residing at Federal Way WA
		 	My appointment expires: 08/29/2009

  

					
		 	-7-	 	Lease Subordination

 Lender Acknowledgment 
  

					
	 STATE OF WASHINGTON
	  	)	  	
		  	)	  	ss.
	 County of King
	  	)	  	

 I certify that I know or have satisfactory evidence that Regan Frick is the person who appeared before me, and
said person acknowledged that he/she signed this instrument, on oath stated that he/she was authorized to execute the instrument and acknowledged it as the Vice President of KEYBANK NATIONAL ASSOCIATION, a national banking association, to be the
free and voluntary act of such party for the uses and purposes mentioned in the instrument. 
 DATED
this 30th day of July, 2008. 
  

			
		
	 [SEAL]
	 	/s/ Tammy L. Olson
		 	Notary Public in and for the State of Washington
		 	Tammy L. Olson
		 	Name (printed or typed)
		 	residing at Monroe, WA
		 	My appointment expires: Oct. 19, 2009

  

					
		 	-8-	 	Lease Subordination

 Landlord Acknowledgment 
  

					
	 STATE OF WASHINGTON
	  	)	  	
		  	)	  	ss.
	 County of King
	  	)	  	

 I certify that I know or have satisfactory evidence that Kirk Johnson is the person who appeared before me, and
said person acknowledged that he/she signed this instrument, on oath stated that he/she was authorized to execute the instrument and acknowledged it as the Sole Member of CBIL GROUP LLC, the authorized member of CAPSTONE PARTNERS NW LLC, the manager
of CAPSTONE PF LLC, a Washington limited liability, to be the free and voluntary act of CAPSTONE PF LLC for the uses and purposes mentioned in the instrument. 
 DATED this 30th day of July, 2008. 
  

			
		
	 [SEAL]
	 	/s/ Andrew B. Bassetti
		 	Notary Public in and for the State of Washington
		 	Andrew B. Bassetti
		 	Name (printed or typed)
		 	residing at Mercer Island
		 	My appointment expires: 11-15-2011

  

					
		 	-9-	 	Lease Subordination

 EXHIBIT A 
 Legal Description 
 The Property is located in Snohomish County, Washington, and is legally described as
follows: 
 THAT PORTION OF THE NORTHEAST QUARTER OF SECTION 27, TOWNSHIP 28 NORTH, RANGE 4 EAST, W.M., AND THAT PORTION OF THE SOUTHEAST QUARTER OF SECTION
22, TOWNSHIP 28 NORTH, RANGE 4 EAST, W.M., LYING NORTHWESTERLY OF BEVERLY PARK - EDMONDS ROAD AND MORE PARTICULARLY DESCRIBED AS FOLLOWS: 
 COMMENCING AT
THE SOUTHEAST CORNER OF SAID SECTION 22; 
 THENCE NORTH 88°42’50” WEST 268.89 FEET ALONG THE SOUTH LINE OF SAID SECTION 22 TO THE
NORTHWESTERLY MARGIN OF SAID BEVERLY PARK - EDMONDS ROAD AS SHOWN ON A PROPOSED BINDING SITE PLAN ENTITLED PAINE FIELD AIRPORT SECTOR 6 BINDING SITE PLAN PF NO. 07-104017-006BG; 
 SAID RIGHT OF WAY MARGIN BEING 50.00 FEET DISTANT FROM AND AT RIGHT ANGLES TO THE CENTERLINE OF SAID BEVERLY PARK - EDMONDS ROAD; 
 THENCE SOUTH 43°39’01” WEST 150.65 FEET TO AN ANGLE POINT IN SAID RIGHT OF WAY MARGIN OF BEVERLY PARK - EDMONDS ROAD; 
 THENCE SOUTH
43°38’39” WEST 54.50 FEET ALONG SAID RIGHT OF WAY MARGIN OF BEVERLY PARK - EDMONDS ROAD, TO THE TRUE POINT OF BEGINNING; 
 THENCE CONTINUING
SOUTH 43°38’39” WEST 776.56 FEET ALONG SAID RIGHT OF WAY MARGIN OF BEVERLY PARK - EDMONDS ROAD, TO THE NORTHEASTERLY LINE OF THAT REAL PROPERTY CONVEYED BY QUITCLAIM DEED TO SNOHOMISH COUNTY PARKS DEPARTMENT RECORDED UNDER SNOHOMISH
COUNTY REC. NO. 200211140549; 
 THENCE NORTH 46°21’21” WEST 30.00 FEET TO THE BEGINNING OF A CURVE CONCAVE SOUTHERLY HAVING A RADIUS OF 300.00 FEET; 
 THENCE NORTHWESTERLY 137.55 FEET ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 26°16’10”; 
 THENCE NORTH
72°37’31” WEST 130.10 FEET TO THE BEGINNING OF A CURVE CONCAVE NORTHERLY HAVING A RADIUS OF 300.00 FEET; 
 THENCE NORTHWESTERLY 125.02 FEET
ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 23°52’35”; 
  

					
		 	-10-	 	Lease Subordination

 THENCE NORTH 48°44’55” WEST 304.60 FEET; 
 THENCE NORTH 43°21’18” EAST 469.61 FEET TO THE SOUTH LINE OF SAID SECTION 22; 
 THENCE CONTINUING NORTH
43°21’18” EAST 38.16 FEET; 
 THENCE NORTH 63°58’29” EAST 430.05 FEET TO THE BEGINNING OF A CURVE CONCAVE SOUTHERLY HAVING A
RADIUS OF 30.00 FEET; 
 THENCE EASTERLY AND SOUTHEASTERLY 36.48 FEET ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 69°40’27”; 

THENCE SOUTH 46°21’03” EAST 328.21 FEET TO THE SOUTH LINE OF SAID SECTION 22; 
 THENCE CONTINUING SOUTH 46°21’03” EAST 178.83 FEET TO THE BEGINNING OF A CURVE CONCAVE SOUTHWESTERLY HAVING A RADIUS OF 22.00 FEET; 
 THENCE SOUTHERLY AND SOUTHWESTERLY 34.56 FEET ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 90°00’00” TO THE SAID NORTHWESTERLY MARGIN OF RIGHT OF WAY OF BEVERLY PARK - EDMONDS ROAD AND THE TRUE POINT OF
BEGINNING; 
 SITUATE IN THE COUNTY OF SNOHOMISH, STATE OF WASHINGTON. 
  

					
		 	-11-	 	Lease SubordinationSeverance agreement

 Exhibit 10.1 
 August 5, 2008 
 The Board of Directors 
 Jamba, Inc. and Jamba Juice Company 
 6475 Christie Avenue, Suite 150 
 Emeryville, California 94608 
 Re: Resignation 
 Members of the Board of Directors of Jamba, Inc. and Jamba Juice Company: 
 I
hereby tender my resignation as Chief Executive Officer and President and from any and all other officer positions and in all capacities, including that of employee, as applicable, of Jamba, Inc. (the “Company”), Jamba Juice Company and
all other subsidiaries thereof, immediately effective upon the date set forth above. 
 In addition, I also hereby resign as a member of the Board of
Directors of the Company, Jamba Juice Company and all other subsidiaries thereof and, as applicable, as a member of any Board committees thereof, immediately effective upon the date set forth above. 
 In connection with such voluntary resignation, the Company and Jamba Juice Company hereby agree that such resignation shall be treated for purposes of benefits to which
I shall be entitled under my employment agreement with the Company and Jamba Juice Company dated as of May 10, 2006, amended as of November 29,2006, as a termination “without Cause” as defined in such agreement on the condition
that I sign and not revoke a separation agreement and release substantially in the form attached hereto as Exhibit A. 
  

	
	Very truly yours,
	
	 /s/ Paul E. Clayton

	Paul E. Clayton

  

			
	Accepted and Agreed:
	
	 JAMBA INC.
 JAMBA JUICE COMPANY

		
	By:	 	 /s/ Steven R. Berrard

	Name:	 	Steven R. Berrard
	Title:	 	 Chairman of the Board of Jamba, Inc.
 Director of
Jamba Juice Company

 Exhibit A 
 SEPARATION AGREEMENT 
 AND GENERAL RELEASE OF ALL CLAIMS 
 This Separation Agreement and General Release of All Claims (“Separation Agreement”) is made by and among Jamba Juice Company (the
“Company”), Jamba, Inc. and Paul E. Clayton (“Executive”) with respect to the following facts: 
 A. Executive is
currently employed by the Company as its president and chief executive officer pursuant to the terms of an employment agreement initially entered into by and between Jamba, Inc. and Executive as of May 10, 2006, and amended as of
November 29, 2006 in order to assign Executive’s employment to the Company, a wholly owned subsidiary of Jamba, Inc. (hereinafter the “Employment Agreement”) 
 B. Executive’s employment relationship with the Company will cease and will be treated as a voluntary resignation from employment as of
August 5, 2008 (“Separation Date”). 
 C. The parties desire to settle all claims and issues that have, or could have been
raised, in relation to Executive’s employment with Company and arising out of or in any way related to the acts, transactions or occurrences between Executive and Company to date, including, but not limited to, Executive’s employment with
Company or the termination of that employment, on the terms set forth below. 
 THEREFORE, in consideration of the promises and mutual
agreements hereinafter set forth, it is agreed by and between the undersigned as follows: 
 1. Severance Package. Company agrees to
provide Executive with the following payments and benefits (“Severance Package”) consistent with the provisions of the Employment Agreement where Executive would have been terminated “without Cause”. Executive acknowledges and
agrees that this Severance Package constitutes adequate legal consideration for the promises and representations made by him in this Separation Agreement. Executive acknowledges that the Severance Package contains no bonus portion as no annual bonus
would have been paid to Executive under the Employment Agreement. 
 1.1 Severance Payments. Company agrees to pay Executive (or the
estate of Executive in the event of Executive’s death) the equivalent of one year’s salary at his current base salary of Five Hundred Twenty-Five Thousand Dollars ($525,000.00), less all appropriate federal and state income and employment
taxes (“Severance Payments”). Beginning the first payday following the Effective Date as described in paragraph 10.2 herein, the Severance Payments will be made in such amount as if they were going to be made in equal installments over the
course of one (1) year in accordance with Company’s regular payroll schedule. Notwithstanding the foregoing, with respect to all Severance Payments which would otherwise be payable on or after March 10, 2009, the Company shall
accelerate the timing of such remaining Severance Payments such that the remaining portion of the Severance Payments will be paid to Executive in a lump sum on the payday immediately preceding March 15, 2009. 

 1.2 Acceleration of Vesting. On November 29, 2006, the Company granted Executive (a) an
option to purchase 510,000 shares of the Company’s common stock (the “Initial Option Grant”), and (b) 70,000 shares of restricted stock (the “Initial Restricted Stock Grant”), as more fully defined and as set forth in
the Employment Agreement. On December 12, 2007, the Company granted Executive an option to purchase 50,000 shares of the Company’s common stock and an option to purchase an additional 95,500 shares, based on certain performance metrics
(together, the “Additional Option Grants”). Executive also has 81,407 roll-over options under the Company’s predecessor’s stock option plan (“Roll-Over Options”). As of the Separation Date, Executive shall be fully
vested in the Initial Option Grant, the Initial Restricted Stock Grant, and the Roll-Over Options. Notwithstanding anything to the contrary, Executive’s rights with respect to the Additional Option Grants shall continue to be governed by the
contractual documents under which Executive was granted an option with respect to these shares, and nothing in this Agreement shall be deemed to waive any rights Executive may have in such shares under the terms of the Additional Option Grants;
provided, however, that the foregoing is not intended to create any rights with respect to the Additional Option Grants nor imply that any of the performance metrics or other conditions under the Additional Option Grants have been met. Executive
acknowledges that the Company shall be entitled to deduct all appropriate federal and state income and employment taxes with respect to the Initial Restricted Stock Grant or any stock options exercised by Executive hereunder from the amounts payable
to Executive hereunder. 
 1.3 Continuation of Group Health Benefits. So long as Executive was covered under the Company’s group
health and dental plans as of the Separation Date and he timely elects to continue such group coverage under the applicable provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), the Company shall
pay for the applicable COBRA premiums by directly forwarding, in a timely fashion, all applicable premiums to Company’s group health and dental plans until the earlier of (a) the one year anniversary of the Separation Date, or
(b) Executive obtains coverage under another employer’s group health and dental plans. Thereafter, Executive shall be solely responsible for payment of COBRA premiums. 
 Executive acknowledges that he has been paid all wages that Executive has earned during his employment with the Company through the Separation Date.
Executive understands and acknowledges that he shall not be entitled to any payments from the Company other than those expressly set forth in this paragraph 1. This paragraph 1 is intended to be in full satisfaction of any and all rights of
Executive for payment under the Employment Agreement. 
 2. General Release. Executive unconditionally, irrevocably and absolutely
releases and discharges Company, and any parent and subsidiary corporations, divisions and affiliated corporations, partnerships or other affiliated entities of Company, past and present, as well as Company’s employees, officers, directors,
agents, successors and assigns (collectively, “Released Parties”), from all claims related in any way to the transactions or occurrences between them to date, to the fullest extent permitted by law, including, but not limited to,
Executive’s employment with Company, the termination of Executive’s employment, and all other losses, liabilities, claims, charges, demands and causes of action, known or unknown, suspected or unsuspected, arising directly or indirectly
out of or in any way connected with Executive’s employment with Company. This release is intended to have the broadest possible 

 
application and includes, but is not limited to, any tort, contract, common law, constitutional or other statutory claims, including, but not limited to
alleged violations of the California Labor Code or the federal Fair Labor Standards Act, Title VII of the Civil Rights Act of 1964 and the California Fair Employment and Housing Act, the Americans with Disabilities Act, the Age Discrimination in
Employment Act of 1967, as amended, and all claims for attorneys’ fees, costs and expenses; provided however, the foregoing Release shall not apply to Executive’s rights under that certain Indemnity Agreement by and between Executive and
the Company dated as of November 29, 2006 (“Indemnity Agreement”) and any and all rights to indemnity to which Executive may be entitled based on Company’s Certificate of Incorporation, Bylaws, the vote of Company’s
stockholders or interested directors, any other contract, statute or common law. However, this General Release is not intended to bar any claims that, by statute, may not be waived, such as claims for workers’ compensation benefits,
unemployment insurance benefits, and any challenge to the validity of Executive’s release of claims under the Age Discrimination in Employment Act of 1967, as amended, as set forth in this Agreement. In addition, by entering into this
Agreement, Executive shall not be deemed to have waived any rights he may have under the Initial Option Grant, the Initial Restricted Stock Grant, the Additional Option Grants and Roll-Over Options. Executive expressly waives Executive’s right
to recovery of any type, including damages or reinstatement, in any administrative or court action, whether state or federal, and whether brought by Executive or on Executive’s behalf, related in any way to the matters released herein.

 3. California Civil Code Section 1542 Waiver. Executive expressly acknowledges and agrees that all rights under
Section 1542 of the California Civil Code are expressly waived. That section provides: 
 A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS
WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR. 
 4. Representation Concerning Filing of Legal Actions. Executive represents that, as of the date of this Separation Agreement, he has not filed any
lawsuits, charges, complaints, petitions, claims or other accusatory pleadings against Company or any of the other Released Parties in any court or with any governmental agency. 
 5. Nondisparagement. Executive agrees that he will not make any voluntary statements, written or oral, or cause or encourage others to make any
such statements that defame, disparage or in any way criticize the personal and/or business reputations, practices or conduct of the Company, its subsidiaries or any officer or director thereof, except that this provision shall not be interpreted to
prevent Executive from testifying in response to a subpoena. The provisions of this Section 5 shall be in effect for a period of one (1) year following the Separation Date. 
 6. Confidentiality and Return of Company Property. Executive understands and agrees that as a condition of receiving the Severance Package
described in paragraph 1, all 

 
Company property must be returned to Company on or before the Separation Date. By signing this Agreement, Executive represents and warrants that Executive
will have returned to Company on or before the Separation Date, all Company property, data and information belonging to Company and agrees that Executive will not use or disclose to others any confidential or proprietary information of Company or
the Released Parties. Executive further agrees to comply with the continuing obligations regarding confidentiality set forth in the surviving provisions of the Employment Agreement. 
 7. Non-Solicitation. Executive understands and agrees that pursuant to the provisions of the Employment Agreement, he continues to have ongoing
obligations to the Company with respect to Non-Solicitation for a period of one (1) year following his termination of employment. Notwithstanding the foregoing, the Parties agree that paragraph 3(b)(i) of the Employment Agreement, which defines
(in part) “Protected Business” shall be modified to read, “the retailing of fruit smoothies, juices and blended beverages (but only when the combined sales of fruit smoothies, juices and blended beverages exceed 20% of the total sales
of the business) and healthy snacks”. 
 8. Enforcement. If Executive breaches any of the terms in paragraphs 5, 6, or 7 above or
their subparts, Company will immediately cease making the separation payments described in paragraph 1.1 above, to the extent those payments have not yet been made. This shall in no way limit Company’s right to pursue all legal and equitable
remedies available to it as a result of Executive’s breach of this Separation Agreement. 
 9. No Admissions. By entering into
this Separation Agreement, the Released Parties make no admission that they have engaged, or are now engaging, in any unlawful conduct. The parties understand and acknowledge that this Separation Agreement is not an admission of liability and shall
not be used or construed as such in any legal or administrative proceeding. 
 10. Older Workers’ Benefit Protection Act. This
Separation Agreement is intended to satisfy the requirements of the Older Workers’ Benefit Protection Act, 29 U.S.C. sec. 626(f). Employee, by this Separation Agreement, is advised to consult with an attorney before executing this Separation
Agreement. 
 10.1 Acknowledgments/Time to Consider. Executive acknowledges and agrees that (a) Executive has read and
understands the terms of this Separation Agreement; (b) Executive has been advised in writing to consult with an attorney before executing this Separation Agreement; (c) that Executive has obtained and considered such legal counsel as Executive
deems necessary; (d) that Executive has been given twenty-one (21) days to consider whether or not to enter into this Separation Agreement (although Executive may elect not to use the full 21-day period at Executive’s option); and
(e) that by signing this Separation Agreement, Executive acknowledges that Executive does so freely, knowingly, and voluntarily. 
 10.2
Revocation/Effective Date. This Separation Agreement shall not become effective or enforceable until the eighth day after Executive signs this Separation Agreement. In other words, Executive may revoke Executive’s acceptance of this
Separation Agreement within seven (7) days after the date Executive signs it. Executive’s revocation must be in writing and received by Steven R. Berrard by 5:00 p.m. Pacific Time on the seventh day in order to be 

 
effective. If Executive does not revoke acceptance within the seven (7) day period, Executive’s acceptance of this Separation Agreement shall
become binding and enforceable on the eighth day (“Effective Date”). The Severance Payment shall become due and payable in accordance with paragraph 1, provided this Separation Agreement has not been revoked. 
 10.3 Preserved Rights of Executive. This Separation Agreement does not waive or release any rights or claims that Executive may have under the Age
Discrimination in Employment Act that arise after the execution of this Separation Agreement. In addition, this Separation Agreement does not prohibit Executive from challenging the validity of this Separation Agreement’s waiver and release of
claims under the Age Discrimination in Employment Act of 1967, as amended. 
 11. Application of Section 409A. The payments under
this Separation Agreement are intended to qualify for the short-term deferral exception to Section 409A of the Code described in Treasury Regulation Section 1.409A-l(b)(4) to the maximum extent possible, and to the extent such payments do
not so qualify, they are intended to qualify for the involuntary separation pay plan exception to Section 409A of the Code described in Treasury Regulation Section 1.409A-l(b)(9)(iii) to the maximum extent possible. Notwithstanding any
other provision of this Separation Agreement to the contrary, this Agreement shall be interpreted, operated and administered in a manner consistent with such intentions and to avoid the pre- distribution inclusion in income of amounts payable under
this Separation Agreement and the imposition of any additional tax or interest with respect thereto. Thus, it is intended that income provided to Executive pursuant to this Agreement will not be subject to taxation under Section 409A of the
Code. However, the Company does not guarantee any particular tax effect for income provided to Executive pursuant to this Separation Agreement. In any event, except for Company’s responsibility to withhold applicable income and employment taxes
from compensation paid or provided to Executive, Company shall not be responsible for the payment of any applicable taxes on compensation paid or provided to Executive pursuant to this Separation Agreement. 
 12. Severability. In the event any provision of this Separation Agreement shall be found unenforceable by an arbitrator or a court of competent
jurisdiction, the provision shall be deemed modified to the extent necessary to allow enforceability of the provision as so limited, it being intended that Company shall receive the benefits contemplated herein to the fullest extent permitted by
law. If a deemed modification is not satisfactory in the judgment of such arbitrator or court, the unenforceable provision shall be deemed deleted, and the validity and enforceability of the remaining provisions shall not be affected thereby.

 13. Applicable Law. The validity, interpretation and performance of this Separation Agreement shall be construed and interpreted
according to the laws of the United States of America and the State of California. 
 14. Binding on Successors. The parties agree
that this Separation Agreement shall be binding on, and inure to the benefit of, his or its successors, heirs and/or assigns. 

 15. Full Defense. This Separation Agreement may be pled as a full and complete defense to, and may
be used as a basis for an injunction against, any action, suit or other proceeding that may be prosecuted, instituted or attempted by Executive in breach hereof. 
 16. Good Faith. The parties agree to do all things necessary and to execute all further documents necessary and appropriate to carry out and effectuate the terms and purposes of this Separation Agreement.

 17. Entire Agreement; Modification. This Separation Agreement is not intended to, and shall not, modify, amend, or alter the
Indemnity Agreement or any rights Executive may have under the Initial Option Grant, the Initial Restricted Stock Grant, the Additional Option Grants and Roll-Over Options. This Separation Agreement, the Indemnity Agreement, and the surviving
provisions of the Employment Agreement are intended to be the entire agreement between the parties and supersede and cancel any and all other and prior agreements, written or oral, between the parties regarding this subject matter. It is agreed that
there are no collateral agreements or representations, written or oral, regarding the terms and conditions of Executive’s separation of employment with Company and settlement of all claims between the parties other than those set forth in this
Separation Agreement. This Separation Agreement may be amended only by a written instrument executed by all parties hereto. 
 THE PARTIES TO
THIS SEPARATION AGREEMENT HAVE READ THE FOREGOING SEPARATION AGREEMENT AND FULLY UNDERSTAND EACH AND EVERY PROVISION CONTAINED HEREIN. WHEREFORE, THE PARTIES HAVE EXECUTED THIS SEPARATION AGREEMENT ON THE DATES SHOWN BELOW. 
  

							
	Dated: August 29, 2008	 		 	 /s/ Paul E. Clayton

		 		 	Paul E. Clayton
			
		 		 	JAMBA JUICE COMPANY
				
	Dated: September 3, 2008	 		 	By:	 	 /s/ Michael Fox

		 		 	Name:	 	Michael Fox
		 		 	Title:	 	svp, general counsel
			
		 		 	JAMBA, INC.
				
	Dated: September 3, 2008	 		 	By:	 	 /s/ Michael Fox

		 		 	Name:	 	Michael Fox
		 		 	Title:	 	svp, general counsel

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