Document:

Amended and Restated Employment Agreement

 Exhibit 10.18 
  
 EXECUTION COPY 
  
 BRODER BROS., CO. 
  
 AMENDED AND RESTATED EMPLOYMENT AGREEMENT 
  
 THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT is made as of February 15, 2005, between Broder Bros., Co., a Michigan corporation (the “Company”), and Mark Barrocas (“Executive”), and
amends and restates that certain Employment Agreement, dated as of December 22, 2003, between the Company and Executive (the “Original Agreement”) in its entirety. 
  
 In consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto agree as follows: 
  
 1. Employment. The Company shall employ Executive, and Executive hereby accepts employment with the Company, upon the terms and conditions set forth in this Agreement for the period beginning on the date hereof and ending as provided
in paragraph 4 hereof (the “Employment Period”). 
  
 2. Position and Duties. 
  
 (a) During the
Employment Period, Executive shall serve as the President of the Company and shall have the normal duties, responsibilities, functions and authority of the President of the Company, subject to the power and authority of the Company’s Board of
Directors (the “Board”) to expand or limit such duties, responsibilities, functions and authority and to overrule actions of officers of the Company. During the Employment Period, Executive shall render such administrative,
financial and other executive and managerial services to the Company and its Subsidiaries which are consistent with Executive’s position as the Board may from time to time direct. 
  
 (b) Executive shall report to the Board and Executive shall devote his best efforts and his full business time and attention
(except for permitted vacation periods and reasonable periods of illness or other incapacity) to the business and affairs of the Company and its Subsidiaries. Executive shall perform his duties, responsibilities and functions to the Company and its
Subsidiaries hereunder to the best of his abilities in a diligent, trustworthy, professional and efficient manner and shall comply with the Company’s and its Subsidiaries’ policies and procedures in all material respects. In performing his
duties and exercising his authority under the Agreement, Executive shall support and implement the business and strategic plans approved from time to time by the Board and shall support and cooperate with the Company’s and its
Subsidiaries’ efforts to expand their businesses and operate profitably and in conformity with the business and strategic plans approved by the Board. So long as Executive is employed by the Company, Executive shall not, without the prior
written consent of the Board, perform other services for compensation. Unless otherwise agreed by Executive, Executive’s place of work shall be in the greater Philadelphia, Pennsylvania metropolitan area, except for travel reasonably required
for Company business. 

 (c) For purposes of this Agreement, “Subsidiaries” shall mean any corporation or other
entity of which the securities or other ownership interests having the voting power to elect a majority of the board of directors or other governing body are, at the time of determination, owned by the Company, directly or through one of more
Subsidiaries. 
  
 3. Compensation and Benefits. 

 
 (a) Commencing on February 7, 2005 and throughout the Employment Period,
Executive’s base salary shall be $275,000 per annum and shall be subject to the review by the Board on an annual basis commencing January 1, 2006 (as adjusted from time to time, the “Base Salary”), which salary shall be payable
by the Company in regular installments in accordance with the Company’s general payroll practices (in effect from time to time). In addition, during the Employment Period, Executive shall be entitled to participate in all of the Company’s
employee benefit programs for which senior executive employees of the Company and its Subsidiaries are generally eligible. 
  
 (b) During the Employment Period, the Company shall reimburse Executive for all reasonable business expenses incurred by him in the course of performing
his duties and responsibilities under this Agreement which are consistent with the Company’s policies in effect from time to time with respect to travel, entertainment and other business expenses, subject to the Company’s requirements with
respect to reporting and documentation of such expenses. 
  
 (c)
In addition to the Base Salary, during each year during the Employment Period beginning with the year ending December 31, 2005, Executive will participate in a bonus plan to be approved by the Board, which plan will provide Executive with an
opportunity to earn an annual bonus of at least 55% of Base Salary in each such year (the “Target Bonus”). 
  
 4. Term. 
  
 (a) The Employment Period (i) shall terminate upon Executive’s resignation (with or without Good Reason, as defined below), death or Disability and
(ii) may be terminated by the Company at any time for Cause (as defined below) or without Cause, provided that any such termination shall require the approval of the Board. 
  
 (b) If the Employment Period is terminated (1) by the Company without Cause (other than as a result of Executive’s
Disability) or (2) upon Executive’s resignation with Good Reason, Executive shall be entitled to: (i) his Base Salary through the date of termination; (ii) payment for all accrued, but unused, vacation days; (iii) payment of any annual bonus
earned, but not yet paid by the Company, with respect to a year ending prior to such termination; (iv) a waiver of the costs of COBRA continuation coverage for one (1) year from the date the Employment Period is terminated; and, (v) an amount equal
to one (1) year of Executive’s then current Base Salary payable in regular monthly installments, in accordance with the Company’s normal payroll practices, over a period of twelve (12) months commencing on the date the Employment Period is
terminated (the “Severance Period”), in each case if and only if Executive has executed and delivered to the Company a general release substantially in the form attached hereto as Exhibit I and only so long as Executive has not
breached the provisions of paragraphs 

  

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5, 6 and 7 hereof. In addition, if Executive’s employment ceases under the circumstances described in clauses (1) or (2) of this paragraph 4(b) after
June 30th of any of any calendar year, Executive shall be entitled to a prorated portion (based on the number of
days elapsed in such year) of his Target Bonus for that year. 
  
 (c) If the Employment Period is terminated (1) by the Company for Cause or (2) by Executive’s resignation without Good Reason, Executive shall be entitled to receive his Base Salary through the date of such termination. 
  
 (d) If the Employment Period is terminated due to Executive’s death or
Disability, Executive (or, if applicable, his estate or representative) shall be entitled to: (i) his Base Salary through the date of termination; (ii) payment for all accrued but unused vacation days; (iii) payment of any annual bonus earned, but
not yet paid by the Company, with respect to a year ending prior to such termination; and, (iv) all benefits payable with respect to such death or Disability under the Company’s welfare plans. 
  
 (e) Except as otherwise expressly provided herein, Executive shall not be
entitled to any other salary, bonuses, employee benefits or compensation from the Company or its Subsidiaries after the termination of the Employment Period and all of Executive’s rights to salary, bonuses, employee benefits and other
compensation hereunder which would have accrued or become payable after the termination of the Employment Period (other than vested retirement benefits accrued on or prior to the termination of the Employment Period, welfare benefit claims incurred
prior to such termination or other amounts owing hereunder as of the date of such termination that have not yet been paid) shall cease upon such termination, other than those expressly required under applicable law (such as COBRA). Any period of
COBRA premium waiver applicable under Section 4(b)(iv) above shall count against the COBRA coverage period described in Section 29 U.S.C. §1162(2). 
  
 (f) The Company may offset any amounts Executive owes it or its Subsidiaries against any amounts it or its Subsidiaries owes Executive hereunder.

  
 (g) For purposes of this Agreement, “Cause”
shall mean with respect to Executive one or more of the following: (i) the commission of a felony or other crime involving moral turpitude or the commission of any crime involving misappropriation, embezzlement or fraud with respect to the Company
or any of its Subsidiaries or any of their customers or suppliers, (ii) conduct causing the Company or any of its Subsidiaries substantial public disgrace or disrepute, (iii) repeated failure to perform duties as reasonably directed by the Board,
which failure is not cured within 30 days after delivery of written notice from the Company to Executive describing specifically the nature of such failures and the action required to cure, (iv) any act or omission intentionally aiding or abetting a
competitor, supplier or customer of the Company or any of its Subsidiaries to the material disadvantage or detriment of the Company and its Subsidiaries, (v) gross negligence, willful misconduct or a material breach of fiduciary duty with respect to
the Company or any of its Subsidiaries, or (vi) any material breach by Executive of this Agreement which is not cured to the Board’s reasonable satisfaction within 15 days after written notice thereof to Executive. 
  

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 (h) Executive will be “Disabled” only if, as a result of his incapacity due to physical
or mental illness, Executive is considered disabled under the Company’s long-term disability insurance plans. 
  
 (i) For purposes of this Agreement, “Good Reason” shall mean if Executive resigns from employment with the Company and its Subsidiaries
as a result of one or more of the following reasons: (i) the Company reduces the amount of the Base Salary (as in effect on the date hereof and as the same may be increased from time to time) or potential Target Bonus without Executive’s
written consent, other than a reduction in salary of no more than 10% of Executive’s then current Base Salary done in connection with salary reductions affecting all members of the Company’s executive management team, (ii) the Company
substantially reduces Executive’s authority or responsibilities without Executive’s written consent, (iii) the Company changes Executive’s place of work to a location other than the greater Philadelphia, Pennsylvania metropolitan area
without Executive’s prior consent, (iv) the Company assigns to Executive duties inconsistent with his positions without Executive’s written consent, or (v) any other material breach by the Company (or its successors) of this Agreement, in
each case set forth above which is not cured to Executive’s reasonable satisfaction within 15 days after written notice thereof to the Company; provided that in each case written notice of Executive’s resignation for Good Reason must be
delivered to the Company within 45 days after the occurrence of any such event in order for Executive’s resignation with Good Reason to be effective hereunder. 
  
 5. Confidential Information. 
  
 (a) Executive acknowledges that the continued success of the Company and its Subsidiaries and Affiliates, depends upon the
use and protection of a large body of confidential and proprietary information. All of such confidential and proprietary information now existing or to be developed in the future will be referred to in this Agreement as “Confidential
Information.” Confidential Information will be interpreted as broadly as possible to include all information of any sort (whether merely remembered or embodied in a tangible or intangible form) that is (i) related to the Company’s or
its Subsidiaries’ or Affiliates’ current or potential business and (ii) is not generally or publicly known. Confidential Information includes, without specific limitation, the information, observations and data obtained by him during the
course of his performance under this Agreement concerning the business and affairs of the Company and its Subsidiaries and Affiliates, information concerning acquisition opportunities in or reasonably related to the Company’s or its
Subsidiaries’ or Affiliates’ business or industry of which Executive becomes aware during the Employment Period, the persons or entities that are current, former or prospective suppliers or customers of any one or more of them during
Executive’s course of performance under this Agreement, as well as development, transition and transformation plans, methodologies and methods of doing business, strategic, marketing and expansion plans, including plans regarding planned and
potential sales, financial and business plans, employee lists and telephone numbers, locations of sales representatives, new and existing programs and services, prices and terms, customer service, integration processes, requirements and costs of
providing service, support and equipment. Therefore, Executive agrees that he shall not disclose to any unauthorized person or use for his own account any of such Confidential Information without the Board’s prior written consent, unless and to
the extent that any 

  

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Confidential Information (i) becomes generally known to and available for use by the public other than as a result of Executive’s acts or omissions to
act or (ii) is required to be disclosed pursuant to any applicable law or court order. Executive agrees to deliver to the Company at the end of the Employment Period, or at any other time the Company may request in writing, all memoranda, notes,
plans, records, reports and other documents (and copies thereof) relating to the business of the Company or its Subsidiaries or Affiliates (including, without limitation, all Confidential Information) that he may then possess or have under his
control. 
  
 (b) During the Employment Period, Executive shall not
use or disclose any confidential information or trade secrets, if any, of any former employers or any other person to whom Executive has an obligation of confidentiality, and shall not bring onto the premises of the Company or its Subsidiaries or
Affiliates any unpublished documents or any property belonging to any former employer or any other person to whom Executive has an obligation of confidentiality unless consented to in writing by the former employer or person. Executive shall use in
the performance of his duties only information that is (i) generally known and used by persons with training and experience comparable to Executive’s and that is (x) common knowledge in the industry or (y) is otherwise legally in the public
domain, (ii) otherwise provided or developed by the Company or its Subsidiaries or Affiliates or (iii) in the case of materials, property or information belonging to any former employer or other person to whom Executive has an obligation of
confidentiality, approved for such use in writing by such former employer or person. If at any time during this employment with the Company or any Subsidiary, Executive believes he is being asked to engage in work that will, or will be likely to,
jeopardize any confidentiality or other obligations Executive may have to former employers, Executive shall immediately advise the Board so that Executive’s duties can be modified appropriately. 
  
 (c) Executive represents and warrants to the Company that Executive took
nothing with him which belonged to any former employer when Executive left his prior position and that Executive has nothing that contains any information which belongs to any former employer. If at any time Executive discovers this is incorrect,
Executive shall promptly return any such materials to Executive’s former employer. The Company does not want any such materials, and Executive shall not be permitted to use or refer to any such materials in the performance of Executive’s
duties hereunder. 
  
 (d) Executive understands that the Company
and its Subsidiaries and Affiliates will receive from third parties confidential or proprietary information (“Third Party Information”) subject to a duty on the Company’s and its Subsidiaries’ and Affiliates’ part to
maintain the confidentiality of such information and to use it only for certain limited purposes. During the Employment Period and thereafter, and without in any way limiting the provisions of paragraph 5(a) above, Executive will hold Third Party
Information in the strictest confidence and will not disclose to anyone (other than personnel of the Company or its Subsidiaries and Affiliates who need to know such information in connection with their work for the Company or such Subsidiaries and
Affiliates) or use, except in connection with his work for the Company or its Subsidiaries and Affiliates, Third Party Information unless expressly authorized by a member of the Board in writing. 
  

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 6. Intellectual Property, Inventions and Patents. Executive acknowledges that all discoveries,
concepts, ideas, inventions, innovations, improvements, developments, methods, designs, analyses, drawings, reports, patent applications, copyrightable work and mask work (whether or not including any confidential information) and all registrations
or applications related thereto, all other proprietary information and all similar or related information (whether or not patentable) which relate to the Company’s or any of its Subsidiaries’ actual or anticipated business, research and
development or existing or future products or services and which are conceived, developed or made by Executive (whether above or jointly with others) while employed by the Company and its Subsidiaries, whether before or after the date of this
Agreement (“Work Product”), belong to the Company or such Subsidiary. Executive shall promptly disclose such Work Product to the Board and, at the Company’s expense, perform all actions reasonably requested by the Board
(whether during or after the Employment Period) to establish and confirm such ownership (including, without limitation, assignments, consents, powers of attorney and other instruments). 
  
 7. Non-Compete, Non-Solicitation. (a) In further consideration of the compensation to be paid to Executive hereunder,
Executive acknowledges that during the course of his employment with the Company and its Subsidiaries (including its predecessors) he has and shall become familiar with the Company’s trade secrets and with other Confidential Information
concerning the Company and its Subsidiaries and Affiliates and that his services have been and shall be of special, unique and extraordinary value to the Company and its Subsidiaries and Affiliates, and, therefore, Executive agrees that, during the
Employment Period and for one (1) year thereafter (the “Noncompete Period”), he shall not directly or indirectly, either for himself or for any other person, partnership, corporation, company or other entity, own any interest in,
manage, control, participate in, consult with, render services for, or in any other manner engage in any business or enterprise within North America which sells and distributes, on a wholesale basis, imprintable sportswear or accessories (any of the
foregoing, a “Competitive Activity”), except that in no case shall the foregoing provision apply to activities performed in connection with the manufacturing or retailing of imprintable sportswear or accessories. For purposes of
this Agreement, “participate” includes any direct or indirect interest in any enterprise, whether as an officer, director, employee, partner, sole proprietor, agent, representative, independent contractor, executive, franchisor,
franchisee, creditor, owner or otherwise; provided that the foregoing activities shall not include the passive ownership (i.e., Executive does not directly or indirectly participate in the business or management of the applicable entity) of less
than 2% of the stock of a publicly-held corporation whose stock is traded on a national securities exchange. Executive agrees that the aforementioned covenant is reasonable with respect to its duration, geographical area and scope. In particular,
Executive acknowledges and agrees that the geographic scope of this restriction is necessary to protect the goodwill and Confidential Information of the Company and its Subsidiaries. 
  
 (b) During the Noncompete Period, Executive shall not directly or indirectly through another person or entity (i) induce or
attempt to induce any employee of the Company or any Subsidiary to leave the employ of the Company or such Subsidiary, or in any way interfere with the relationship between the Company or any Subsidiary and any employee thereof, except for general
solicitations for employment made to the public, (ii) hire any person who was an employee of the Company or any Subsidiary at any time during the twelve (12) months preceding 

  

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the hiring of such person, unless such person’s application was in response to general solicitations made to the public and such person is being hired
for a non-executive level position, (iii) induce or attempt to induce any customer, supplier, licensee, licensor, franchisee or other business relation of the Company or any Subsidiary to cease doing business with the Company or such Subsidiary, or
in any way interfere with the relationship between any such customer, supplier, licensee or business relation and the Company or any Subsidiary (including, without limitation, making any negative or disparaging statements or communications about the
Company or its Subsidiaries) or (iv) distribute, on a wholesale basis, imprintable sportswear or accessories to any customer of the Company or any Subsidiary, except that in no case shall the foregoing provision apply to activities performed by
Executive in connection with the manufacturing or retailing of imprintable sportswear or accessories. 
  
 (c) If, at the time of enforcement of paragraph 5, 6 or 7, a court shall hold that the duration, scope or area restrictions stated herein are unreasonable
under circumstances then existing, the parties agree that the maximum duration, scope or area reasonable under such circumstances shall be substituted for the stated duration, scope or area and that the court shall be allowed to revise the
restrictions contained herein to cover the maximum period, scope and area permitted by law. Executive acknowledges that the restrictions contained in this paragraph 7 are reasonable and that he has reviewed the provisions of this Agreement with his
legal counsel. 
  
 (d) In the event of the breach or a threatened
breach by Executive of any of the provisions of this paragraph 7, the Company would suffer irreparable harm, and in addition and supplementary to other rights and remedies existing in its favor, the Company shall be entitled to specific performance
and/or injunctive or other equitable relief from a court of competent jurisdiction in order to enforce or prevent any violations of the provisions hereof (without posting a bond or other security). In addition, in the event of an alleged breach or
violation by Executive of this paragraph 7, the Noncompete Period shall be tolled until such breach or violation has been duly cured. 
  
 8. Executive’s Representations. Executive hereby represents and warrants to the Company that (i) the execution, delivery and performance of
this Agreement by Executive do not and shall not conflict with, breach, violate or cause a default under any contract, agreement, instrument, order, judgment or decree to which Executive is a party or by which he is bound, (ii) Executive is not a
party to or bound by any employment agreement, noncompete agreement or confidentiality agreement with any other person or entity and (iii) upon the execution and delivery of this Agreement by the Company, this Agreement shall be the valid and
binding obligation of Executive, enforceable in accordance with its terms. Executive hereby acknowledges and represents that he has consulted with independent legal counsel regarding his rights and obligations under this Agreement and that he fully
understands the terms and conditions contained herein. 
  
 9.
Survival. Paragraphs 4 through 24 (other than paragraphs 18 and 22) shall survive and continue in full force in accordance with their terms notwithstanding the termination of the Employment Period. 
  

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 10. Notices. Any notice provided for in this Agreement shall be in writing and shall be either
personally delivered, sent by reputable overnight courier service or mailed by first class mail, return receipt requested, to the recipient at the address below indicated: 
  
 Notices to Executive: 
  
 Mark Barrocas 
 141 Lodges Lane 
 Bala Cynwyd, PA 19004 
  
 Notices to the Company: 
  
 Broder Bros., Co. 
 45555 Port Street 
 Plymouth, MI 48170 
 Attention: Chief Financial Officer 
  
 With a copy to: 
  
 Kirkland & Ellis, LLP 
 333 Bush Street, 26th Floor 
 San Francisco, CA 94104 
 Attention: Jeffrey C. Hammes 
                  David A. Breach 
  
 or such other address or to the attention of such other person as the recipient party shall have specified by prior written notice to the sending party. Any notice under
this Agreement shall be deemed to have been given when so delivered, sent or mailed. 
  
 11. Severability. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be
invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision of this Agreement or any action in any other jurisdiction,
but this Agreement shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been contained herein. 
  
 12. Complete Agreement. This Agreement, those documents expressly referred to herein and other documents of even date
herewith embody the complete agreement and understanding among the parties and supersede and preempt any prior understandings, agreements or representations by or among the parties, written or oral, which may have related to the subject matter
hereof in any way, including, without limitation, the Original Agreement. 
  

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 13. No Strict Construction. The language used in this Agreement shall be deemed to be the language
chosen by the parties hereto to express their mutual intent, and no rule of strict construction shall be applied against any party. 
  
 14. Counterparts. This Agreement may be executed in separate counterparts (including by means of facsimile), each of which is deemed to be an
original and all of which taken together constitute one and the same agreement. 
  
 15. Successors and Assigns. This Agreement will be binding upon and inure to the benefit of the Company and any successor to the Company, including without limitation any persons acquiring directly or
indirectly all or substantially all of the business or assets of the Company whether by purchase, merger, consolidation, reorganization or otherwise (and such successor shall thereafter be deemed the “Company” for the purposes of this
Agreement). This Agreement will inure to the benefit of and be enforceable by Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees and legatees, but otherwise will not otherwise be
assignable, transferable or delegable by Executive. This Agreement is personal in nature and neither of the parties hereto shall, without the consent of the other, assign, transfer or delegate this Agreement or any rights or obligations hereunder
except as otherwise expressly provided in this Section 15. 
  
 16.
Choice of Law. All issues and questions concerning the construction, validity, enforcement and interpretation of this Agreement and the exhibits and schedules hereto shall be governed by, and construed in accordance with, the laws of the
State of Michigan, without giving effect to any choice of law or conflict of law rules or provisions (whether of the State of Michigan or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State
of Michigan. 
  
 17. Amendment and Waiver. The provisions
of this Agreement may be amended or waived only with the prior written consent of the Company (as approved by the Board) and Executive, and no course of conduct or course of dealing or failure or delay by any party hereto in enforcing or exercising
any of the provisions of this Agreement (including, without limitation, the Company’s right to terminate the Employment Period for Cause or, except as otherwise stated herein, Executive’s right to terminate this Agreement for Good Reason)
shall affect the validity, binding effect or enforceability of this Agreement or be deemed to be an implied waiver of any provision of this Agreement. 
  
 18. Insurance. The Company may, at its discretion, apply for and procure in its own name and for its own benefit life and/or disability insurance
on Executive in any amount or amounts considered advisable. Executive agrees to cooperate in any medical or other examination, supply any information and execute and deliver any applications or other instruments in writing as may be reasonably
necessary to obtain and constitute such insurance. 
  
 19.
Indemnification and Reimbursement of Payments on Behalf of Executive. The Company and its respective Subsidiaries shall be entitled to deduct or withhold from any amounts owing from the Company or any of its Subsidiaries to Executive any
federal, state, local or foreign withholding taxes, excise tax, or employment taxes (“Taxes”) imposed with respect to 

  

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Executive’s compensation or other payments from the Company or any of its Subsidiaries or Executive’s ownership interest in the Company (including,
without limitation, wages, bonuses, dividends, the receipt or exercise of equity options and/or the receipt or vesting of restricted equity). In the event the Company or any of its Subsidiaries does not make such deductions or withholdings,
Executive shall indemnify the Company and its Subsidiaries for any amounts paid with respect to any such Taxes, together (if such failure to withhold was at the written direction of Executive) with any interest, penalties and related expenses
thereto. 
  
 20. Certain Other Tax Matters. Notwithstanding
anything in this Agreement to the contrary, if at any time it is determined (as hereafter provided) that any payment or distribution by the Company to or for the benefit of Executive, whether paid or payable or distributed or distributable pursuant
to the terms of this Agreement or otherwise pursuant to or by reason of any other agreement, policy, plan, program or arrangement, including without limitation any stock option, stock issuance right or similar right, or the lapse or termination of
any restriction on or the vesting or exercisability of any of the foregoing (a “Payment”), would be subject to the excise tax imposed by Section 4999 of the Internal Revenue Code of 1986, as amended (the “Code”) (or
any successor provision thereto) by reason of being “contingent on a change in ownership or control” of the Company, within the meaning of Section 280G of the Code (or any successor provision thereto) or to any similar tax imposed by state
or local law, or any interest or penalties with respect to such excise tax (such tax or taxes, together with any such interest and penalties, are hereafter collectively referred to as the “Excise Tax”), then the Company shall
attempt in good faith to obtain those consents or approvals required by the Company’s shareholders under Section 280G(b)(5) of the Code to prevent the applicable Payment from being subject to an Excise Tax. 
  
 21. Waiver of Jury Trial. AS A SPECIFICALLY BARGAINED FOR INDUCEMENT
FOR EACH OF THE PARTIES HERETO TO ENTER INTO THIS AGREEMENT (AFTER HAVING THE OPPORTUNITY TO CONSULT WITH COUNSEL), EACH PARTY HERETO EXPRESSLY WAIVES THE RIGHT TO TRIAL BY JURY IN ANY LAWSUIT OR PROCEEDING RELATING TO OR ARISING IN ANY WAY FROM
THIS AGREEMENT OR THE MATTERS CONTEMPLATED HEREBY. 
  
 22.
Corporate Opportunity. During the Employment Period, Executive shall submit to the Board all business, commercial and investment opportunities or offers presented to Executive or of which Executive becomes aware which relate to the business
of distributing imprintable sportswear and accessories at any time during the Employment Period (“Corporate Opportunities”). Unless approved by the Board, Executive shall not accept or pursue, directly or indirectly, any Corporate
Opportunities on Executive’s own behalf. 
  
 23.
Executive’s Cooperation. During the Employment Period and thereafter, Executive shall cooperate with the Company and its Subsidiaries in any internal investigation or administrative, regulatory or judicial proceeding as reasonably
requested by the Company (including, without limitation, Executive being available to the Company upon reasonable notice for interviews and factual investigations, appearing at the Company’s request to give testimony without requiring service
of a subpoena or other legal process, volunteering to the Company all pertinent information and turning over to the Company all relevant documents which are or may 

  

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come into Executive’s possession, all at times and on schedules that are reasonably consistent with Executive’s other permitted activities and
commitments). In the event the Company requires Executive’s cooperation in accordance with this paragraph, the Company shall pay Executive a per diem reasonably determined by the Board and reimburse Executive for reasonable expenses incurred in
connection therewith (including lodging and meals, upon submission of receipts). 
  
 24. Directors’ and Officers’ Insurance. During the Employment Period and thereafter, the Company agrees to maintain directors’ and officers’ insurance covering Executive for so long as the
Company maintains such insurance for the benefit of any other director or officer (or any former director or officer) of the Company. 
  
 *    *    *    *    * 
  

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 IN WITNESS WHEREOF, the parties hereto have executed this Employment Agreement as of the date first
written above. 
  

			
	BRODER BROS., CO.
		
	 By:
	 	 /s/    David J. Hollister

	 Its:
	 	 Chief Financial Officer

	  
 /s/    Mark Barrocas

	 Mark Barrocas

  
  

 -12-Employment Agreement

 Exhibit 10.49 
  
 EMPLOYMENT AGREEMENT 
  
 THIS EMPLOYMENT AGREEMENT (as amended, supplemented or extended from time to time, this “Agreement”) is entered into this January 9,
2005, by and between BRITESMILE, INC., a Utah corporation (the “Employer” or “Company”), and GREGG
COCCARI (“Employee”). 
  
 WHEREAS, the Employer desires to engage Employee as an employee, and Employee desires to accept employment by the Employer, on the terms of this Agreement. 
  
 NOW, THEREFORE, in consideration of the mutual covenants contained herein, and other valuable consideration, the receipt and
adequacy of which are hereby acknowledged, and intending to be legally bound hereby, the parties do hereby agree as follows: 
  
 1. Employment and Employment Period. 
  
 (a) Position and Duties. 
  
 (i) Subject to the terms and conditions of this Agreement, the Employer agrees to employ Employee, and Employee agrees to be employed by the Employer,
during the Employment Term (as defined in Section 1(b)). 
  
 (ii)
During the Employment Term, Employee will serve as Chief Executive Officer of the Employer with all of the authority, duties and responsibilities commensurate with such position. The Employee shall report to the Chairman of the Board of Directors
and, subject to the prior sentence, be subject to the directions of the Company’s Board of Directors. 
  
 (iii) At all times during the Employment Term, Employee agrees to devote Employee’s full business time, attention and energies to the duties of
Employee’s employment under this Agreement. 
  
 (iv)
Employee shall also be nominated at the earliest possible opportunity to serve as a member of the Company’s
Board of Directors and as a member of the Company’s Executive Committee. 
  
 (v) Notwithstanding Section 1(a)(iii) but subject to Section 5(a) hereof, during the Employment Term, the Employee shall be permitted to act as a director (or on an advisory board) of business enterprises that are
engaged in activities in an area that is not competitive with the business of the Company and that has been disclosed by the Employee to the Employer. In addition, Employee shall be entitled to be involved in charitable activities and boards and
manage his and his family’s investments and other personal affairs so long as such activities do not materially interfere with the performance of his duties hereunder. 
  

 1 

 (b) Employment Term. The Employee shall begin his employment on the date hereof (the
“Start Date”). Subject to Section 4, the term of Employee’s employment (the “Employment Term”) shall commence on the Start Date and shall continue until that date which is five (5) years after the Start Date
(the “Termination Date”); provided, however, that the Termination Date shall be automatically extended for successive one (1) year periods unless either party gives the other written notice of nonextension at least ninety (90) days
before the then Termination Date. 
  
 (c) Place of
Employment. The Employee will perform his duties at the Company’s principal Executive Offices which are now located in Walnut Creek, California. The Employee acknowledges that such location can change, but shall not be changed by more than
thirty-five (35) miles from San Francisco, California without the Employee’s prior written consent. 
  
 (d) Confidentiality Agreement. As a condition to Employee’s employment by the Employer as contemplated by this Agreement, Employee hereby
acknowledges that he shall continue to be bound by the Confidentiality and Rights Ownership Agreement by and between Employer and Employee, dated as of the date hereof (the “Confidentiality Agreement”). 
  
 2. Compensation. 
  
 (a) Salary. During the Employment Term, in consideration for the
services to be rendered hereunder, and subject to the terms and conditions of this Agreement, the Employer hereby agrees to pay Employee, in accordance with its normal payroll practices, an annual base salary of $350,000 as increased (the
“Annual Base Salary”), with such increases (but once increased not decreased) thereafter as the Employer shall decide. All compensation shall be subject to all applicable tax withholding and similar requirements under applicable
law. 
  
 (b) Incentive Compensation. In addition to the
Annual Base Salary, Employee shall be eligible to receive an annual performance bonus with a target of one hundred percent (100%) of Base Salary (the “Target Bonus Amount”) the entitlement to which shall be based on the achievement
of certain defined objectives per fiscal year, each of which, if achieved, shall entitle the Executive to an agreed portion of, or amount in excess of, the Target Bonus Amount. These objectives shall be set annually by the Employee and the Chairman
of the Board of Directors and with the approval of the Compensation Committee. The objectives for the 2005 fiscal year shall be determined in good faith by the parties within sixty (60) days of the Start Date and there shall be no proration of the
bonus because of a Start Date after January 1, 2005. The amount of any such performance bonus earned shall be paid to the Employee within sixty (60) days of the end of the fiscal year to which it relates. 
  
 (c) Alternate Incentive Compensation. Employer and the Company may
agree that Employee shall participate in a Management Cash Incentive Program to be adopted by the Company in lieu of the Incentive Compensation provided under Section 2(b) above for fiscal years after 2005. 
  

 2 

 (d) Options. The Employee has been granted effective as of the Start Date Options to purchase
600,000 shares of BriteSmile common stock. Such Options have been granted under the terms of the Option Agreement dated as of the date hereof (the “Option Agreement”). The Company represents to the Employee that the
shares issuable pursuant to the Option Agreement shall be made subject to an effective registration statement on Form S-8 filed with the United States Securities and Exchange Commission within thirty (30) days after the Start Date. The options will
have the following terms in addition to the terms set forth in the Option Agreement: 
  

	 	•	 	The Exercise Price of the Options will be $6.30, the closing price of BriteSmile’s common stock on January 7, 2005. 

  

	 	•	 	Options on 120,000 shares will vest upon the Start Date subject to Employee’s commencing his employment hereunder on such date. 

  

	 	•	 	Options on the remaining 480,000 shares will vest monthly over the next forty-eight (48) months (on the first day of each month) at the rate of 10,000 shares per month, subject to
Employee’s continuing employment hereunder on such dates, provided that on termination without Cause, termination for Good Reason or nonrenewal by the Company, all Options shall fully vest. 

  
 (e) Sign-on Shares. In addition to the Options, the Company has issued
to the Employee 240,000 shares of restricted common stock (the “Sign-On Shares”). The Sign-On Shares shall vest 80,000 on the date of issuance and, subject to Employee’s continuing employment hereunder on such dates, 80,000
shares on the first anniversary of the Start Date and 80,000 of the second anniversary of the Start Date. The terms of the grant of the Sign-On Shares are as set forth in that certain Restricted Stock Grant Agreement dated as of the date hereof,
which also includes piggy-back and demand registration rights for the Sign-On Shares on Form S-3. 
  
 3. Benefits. During the Employment Term, Employee shall be entitled to participate in all medical, profit sharing and other benefit and equity
plans made available to senior executives of the Company on terms no less favorable as offered to the Company’s other senior executives. The Employer reserves the right to alter, revise or eliminate any prior practice, policy or benefit in
whole or in part, without notice. 
  
 4. Termination of
Employment. 
  
 (a) Termination for Cause. This
Agreement (and the Employment Term) may be terminated at any time by the Employer for Cause, by written notice to the Employee specifying in reasonable detail the reasons therefor. The term “Cause” shall mean willful misconduct or
dishonesty with regard to the Company of a material nature, or conviction of, or 
  

 3 

 pleading of guilty or nolo contendere to, a felony, or failure to attempt in good faith to perform Employee’s duties
after written notice of such failure (other than as a result of physical or mental incapacity). 
  
 (b) Death or Permanent Disability of Employee. Employee’s employment hereunder and the Employment Term shall terminate upon Employee’s
death. In addition, the Employer shall have the right to terminate Employee’s employment hereunder and the Employment Term upon 15 days’ written notice if and when Employee becomes permanently disabled within the meaning of any permanent
disability insurance policy which may be maintained by the Employer for the benefit of Employee and under which the Employee is entitled to benefits under Section 3 (provided that any such termination shall not occur prior to the Employee being
absent from performance of his material duties for at least four (4) consecutive months as a result of such disability; and further provided, however, that if Employer does not maintain such a permanent disability insurance policy for the benefit of
Employee, Employee shall be deemed permanently disabled if Employee, by reason of injury, illness or similar cause was unable to perform his material duties for a period of 120 consecutive days or 150 days in any 360-day period. 
  
 (c) Compensation Upon Death, Disability, Termination for Cause,
Termination without Good Reason. If (i) Employee dies during the Employment Period or the Employer terminates Employee’s employment upon Employee’s becoming permanently disabled, as described in Section 4(b), or (ii) the Employer
terminates Employee’s employment for Cause, as described in Section 4(a), or (iii) commencing effective on the second (2nd) anniversary of the Start Date, the Employee terminates his employment without Good Reason (which right the Employee
shall have upon ninety (90) days prior written notice to the Company and which notice may be given prior to or after the second (2nd) anniversary of the Start Date effective on such anniversary or thereafter) then the Employment Term shall cease and (A) the Employer will pay to Employee (or Employee’s estate or representatives, as the case may be) within
thirty (30) days following such termination of employment (or on the earliest later date as may be required to comply with Internal Revenue Code Section 409A to the extent applicable) (x) the unpaid Annual Base Salary and vacation earned by Employee
before the date of such event as provided for in this Agreement (computed pro rata up to and including the date of such event), (y) any earned but unpaid bonus for any completed prior fiscal year, (iii) other than in the case of (ii) or (iii) above,
a pro rated bonus for the fiscal year of termination based on actual results for the fiscal year and the relative period of the fiscal year during which Employee was employed and (iv) as provided under any benefit, incentive or equity plan, program
or practice (paid when the bonus would have been paid Employee if employed (the “Accrued Obligations”); and (B) the Employee shall continue to be bound by the Confidentiality Agreement in accordance with its terms. Except as
expressly provided in this Agreement, such payments will be in lieu of any and all other compensation, benefits and claims of any kind, excepting only any rights to equity and Employee’s rights to indemnification and officers and directors
liability insurance. 
  
 (d) Termination Without Cause. The
Employer, by written notice to Employee, shall have the right to terminate Employee’s employment without Cause for any reason or for no reason. If the Employer terminates Employee’s employment without Cause for any reason or for no reason,
as described in this Section 4(d), then (A) the Employer will pay to 
  

 4 

 Employee (i) within thirty (30) days following such termination, the Accrued Obligations, (ii) within thirty (30) days
following such termination (or on the earliest later date as may be required by Internal Revenue Code Section 409A to the extent applicable), a lump sum equal to twelve (12) month’s Annual Base Salary and (iii) an amount equal to the Target
Bonus Amount payable in twelve (12) equal monthly payments in accordance with the Company’s normal payroll practices; provided that if in contemplation of, or within one (1) year, after a Change in Control, two (2) times such Annual Base Salary
and Target Bonus Amount; and (B) the Employee shall continue to be bound by the Confidentiality Agreement in accordance with its terms. Except as expressly provided in this Agreement, such payments will be in lieu of any and all other compensation,
benefits and claims of any kind, excepting only any rights to equity and Employee’s rights to indemnification and officers and directors liability insurance. 
  
 A “Change of Control” shall be deemed to have occurred if (a) individuals who are directors of the Company immediately
prior to a Control Transaction shall cease, within one (1) year after such Control Transaction, to constitute a majority of the Board of Directors of the Company (or of the Board of Directors of any successor to the Company, or of any company to
which all or substantially all of the Company’s assets may have been sold or transferred), or (b) any entity, person or Group (other than the Company or a subsidiary corporation of the Company and any company directly or indirectly controlled
by Anthony M. Pilaro and members of his family and their decedents and shareholders of the Company that are presently represented on the Company’s Board of Directors) acquires shares of the Company that result in such entity, person or Group
directly or indirectly owning beneficially over fifty percent (50%) of the outstanding shares of the Company. As used herein, “Control Transaction” shall mean (i) any tender offer for or acquisition of capital stock of the Company,
(ii) any merger, consolidation, reorganization or sale of all or substantially all of the assets of the Company which has been approved by the shareholders, (iii) any contested election of directors of the Company or threat of such a contested
election, or (iv) any combination of the foregoing. As used herein, “Group” shall mean persons who act in concert as described in Sections 13(d)(3) and/or 14(d)(2) of the Securities Exchange Act of 1934, as amended. 
  
 (e) Termination for Good Reason. In the event of occurrence of a Good
Reason Event, Employee may terminate his employment and the Employment Term on ten (10) days’ written notice if such Event is not cured within such ten (10) day period. Good Reason Event shall mean (i) a diminution in Employee’s title,
(ii) a material diminution in Employee’s duties, responsibilities or authority, (iii) failure of Employee to be elected or re-elected to the Board or removed there from or, (iv) a material breach of this Agreement by the Company. In such event,
Employee shall be treated the same as if a Termination without Cause had occurred. 
  
 (f) In the event 280G of the Internal Revenue Code becomes applicable, Employee shall be entitled to an excise tax gross up as provided in Exhibit A hereto. 
  
 5. Non-Competition; Solicitation of Employees. 
  
 (a) Non-Competition. During the Employment Term and to the extent
permitted by applicable law for one (1) year thereafter, the Employee shall not participate in 
  

 5 

 the management or act as a consultant or employee of, or acquire any financial interest (other than less than two percent
(2%) of the outstanding stock of any public company) in, any enterprise that is engaged in the business of light activated teeth whitening (the “Restricted Business”) in the United States or in any other area of the world where the
Company conducts the Restricted Business during the Employment Term, or where, as of the end of the Employment Term, the Company has undertaken substantial activities to conduct the Restricted Business, provided that the foregoing shall not prohibit
providing services (and receiving compensatory equity in an entity in which the Restricted Business resides) provided the Employee does not provide services to the Restricted Business portion of the entity. 
  
 (b) Solicitation. For two (2) years after the termination of the
Employment Term, the Employee will not employ or solicit or assist any other person in employing or soliciting for employment any person who is, or was at any time within six (6) months prior to both such termination and the time of such employment
and solicitation, an employee of the Company, provided that the Employee may respond in accordance with ordinary business practices to requests for references from a prospective employer of any such person and this provision shall not be violated by
general advertising not specifically targeted at employees of the Company. 
  
 (c) Access to Confidential Information. Employee is a key employee of the Company. Employee acknowledges that during the Employment Term he will have access to and knowledge of confidential information as
defined in the Confidentiality Agreement (“Confidential Information”), and has and will be responsible for, or instrumental in creating or maintaining, certain business relations and goodwill that are valuable to the Company.
Employee acknowledges that the Confidential Information and goodwill belong to the Company. 
  
 (d) Necessary Restrictions. Employee acknowledges that the covenants and restrictions of this Section 5 are necessary to protect the Company’s Confidential Information and to preserve the value of the
Company’s good will for the Company. Employee agrees and acknowledges that the time, scope and geographic limitations of this Section 5 are reasonable. Employee also agrees and acknowledges that the terms of this Section 5 are reasonably
necessary for the protection of the Company’s Confidential Information and goodwill, and they provide a reasonable means of protecting the Company’s business value. 
  
 (e) Adequate Consideration. Employee acknowledges that the consideration received and to be received by him during
the Employment Term is adequate for the covenants of this Section 5. 
  
 6. Timing of Relocation; Interim Lodging and Commuting Expenses; Moving Expenses. 
  
 (a) Until the Support Date, as defined below, the Employer shall pay for an apartment and rental car for the Employee in the area of the Employer’s
principal Executive Office, and the Employer shall reimburse the Employee for his reasonable expenses of commuting to and from his home in Santa Monica, California, on a reasonable basis, in any event including air transportation and airport
parking. The amounts in this paragraph shall be fully grossed up so Employee will have no after-tax cost for such amounts or the gross up. 
  

 6 

 (b) Support Date. “Support Date” shall be the earliest of: (i) twelve (12) months
after the Start Date and, (ii) the time the Employee actually relocates his principal residence to the area of the Company’s principal Executive Offices. 
  

(c) Moving Expenses. The Company shall reimburse the Employee for the reasonable expenses of moving his family and household possessions from
his present home in Santa Monica, California, to a new residence in the area of the Company’s principal Executive Offices. 
  
 7. Miscellaneous. 
  
 (a) Representations. The Employee represents that his employment by the Company pursuant to this Agreement and the observance of his obligations
under the Confidentiality Agreement will not conflict with any other agreements or understanding to which he is subject. 
  
 (b) Waivers. No waiver of any terms or conditions or of the breach of any covenant, representation or warranty of this Agreement or the
Confidentiality Agreement in any one instance shall operate as or be deemed to be or construed as a further or continuing waiver of any other breach of such term, condition, covenant, representation or warranty or any other term, condition,
covenant, representation or warranty nor shall any failure or delay at any time or times to enforce or require performance of any provision hereof operate as a waiver of or affect in any manner such party’s right at a later time to enforce or
require performance of such provision or of any other provision hereof. 
  
 (c) Modification. Except as otherwise provided in this Agreement, neither this Agreement, the Confidentiality Agreement nor any term hereof or thereof may be changed, amended, modified, waived, discharged or terminated except to the
extent that the same is effected and evidenced by the written consent of the party against whom enforcement of such change or modification is sought. 
  
 (d) Indemnification. The Company shall indemnify (and advance legal fees to) Employee to the fullest extent permitted by applicable law. In
addition, Employee shall be covered by directors and officers liability insurance to the maximum extent provided by the Company to any other officer or director of the Company, but in an amount not less than $5.0 million for the first two (2) years
of the term and thereafter as long as such coverage is available to the Company at reasonable rates and terms. This provision and the obligations hereunder shall survive any termination of Employee’s employment. 
  
 (e) Arbitration. Any dispute between the parties shall be resolved by
binding arbitration before one arbitrator pursuant to the rules of the American Arbitration Association. Such arbitration shall take place in the vicinity of the Company’s principal Executive Offices at the time of the dispute; provided, that
if the principal Executive Offices are not located in the State of California at the time of commencement of any arbitration, then the arbitration shall take place in San Francisco or Los Angeles, California, as selected by the Employee. The
determination of the arbitrator may be entered in any court of competent jurisdiction. 
  

 7 

 (f) Injunctive Relief. Employee acknowledges and agrees that it is fair and reasonable that he
make the covenants and undertakings set forth in Section 5 of this Agreement and in the Confidentiality Agreement and has done so with the benefit of the advice of counsel. Furthermore, Employee agrees that any breach or attempted breach by him of
such provisions will cause the Company irreparable damage for which a monetary award would be inadequate remedy. Accordingly, the Employer shall be entitled to apply for and obtain, in addition to monetary awards, injunctive relief (temporary,
preliminary and permanent) in order to restrain the breach or threatened breach of any of the provisions of Section 5 of this Agreement or the Confidentiality Agreement, without the requirement to post a bond or provide other security. Nothing
herein shall be construed as a limitation or waiver of any other rights or remedies that may be available to the Employer for such breach or threatened breach. Employee further agrees that the subject matter and duration of the restrictions in
Section 5 of this Agreement and the Confidentiality Agreement are reasonable in light of the facts as they exist today. 
  
 (g) Governing Law. This Agreement and the Confidentiality Agreement shall be governed by, and interpreted in accordance with, the laws of the State
of California applicable to agreements made and to be performed entirely within such State. 
  
 (h) Notices. All notices, requests, demands and other communications required or permitted under this Agreement shall be in writing and sent as follows: 
  

			
	If to Employee:
		
	 	  	Gregg Coccari
	 	  	At the last primary residence on the records of the Company.
	
	If to the Employer:
		
	 	  	BriteSmile, Inc.
	 	  	490 North Wiget Lane
	 	  	Walnut Creek, CA 94598
	 	  	Attn: Chief Legal Officer

  
 All notices and other
communications required or permitted under this Agreement which are addressed as provided in this Section 7(f), (A) if delivered personally against proper receipt shall be effective upon receipt and (B) if sent (1) by certified or registered mail
with postage prepaid or (2) by Federal Express or similar courier service with courier fees paid by the sender, shall be effective upon delivery. The parties hereto may from time to time change their respective addresses for the purpose of notices
to that party by a similar notice specifying a new address, but no such change shall be deemed to have been given unless it is sent and received in accordance with this Section 7(f). 
  

 8 

 (i) Entire Understanding; No Third Party Beneficiaries. This Agreement, with the Confidentiality
Agreement, represents the entire understanding of the Employer and Employee with respect to Employee’s employment with the Employer and Employee’s compensation therefor. Nothing in this Agreement, express or implied, is intended to confer
on any person, other than the parties hereto and their respective heirs, permitted representatives, successors and permitted assigns, any rights, remedies, obligations or liabilities under or by reason of this Agreement. 
  
 (j) Severability. If any of the provisions of this Agreement or the
Confidentiality Agreement are found by any court of competent jurisdiction (or legally empowered agency) to be in violation of applicable law or unenforceable for any reason whatsoever, then it is the intention of the parties that such provision or
provisions be deemed to be automatically amended to the extent necessary to comply with applicable law and permit enforcement. If any of the provisions of this Agreement or the Confidentiality Agreement shall be deemed by any court of competent
jurisdiction (or legally empowered agency) to be wholly or partially invalid, such determination shall not affect the binding effect of the other provisions of this Agreement or the Confidentiality Agreement. 
  
 (k) Counterparts. This Agreement and the Confidentiality Agreement may
be executed in two or more counterparts, including facsimile counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
  
 (l) Headings; Interpretation. The various headings contained herein
are for reference purposes only and do not limit or otherwise affect any of the provisions of this Agreement. It is the intent of the parties that neither this Agreement nor the Confidentiality Agreement be construed more strictly with regard to one
party than with regard to any other Party. 
  
 (m) Successors
and Assigns. This Agreement and the Confidentiality Agreement shall be binding upon and inure to the benefit of any successor, executor, administrator or permitted assigns of the parties. The Employee may not assign his rights, duties or
benefits under this Agreement; provided, that upon the death of Employee his rights hereunder shall be enforceable by his executors and administrators. The Company may not assign this Agreement other than to an acquirer of all or substantially all
of its assets (whether by merger, consolidation, sale of assets or otherwise) and only if such acquirer provides written notice to the Employee that it assumes the obligations hereunder. Reference herein to the Employer shall be deemed to include
any such successor or assigns. 
  
 (n) Legal Fees. The
Employer pay the reasonable legal expenses incurred by Employee in connection with the negotiation, execution and delivery of this Employment Agreement and the Confidentiality Agreement. 
  
 (o) Company Representations. The Company hereby represents and warrants to the Employee as follows: 
  
 (i) The Company is subject to the periodic reporting requirements of
Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Company has heretofore provided to the Employee complete, and correct copies of all forms, reports, schedules, statements, and other documents
required to be filed by it under the Exchange Act since at least December 31, 2002, as such documents have been amended since the time of 
  

 9 

 the filing thereof (collectively, including all forms, reports, schedules, statements, and other documents filed by the
Company therewith, the “SEC Documents”). The SEC Documents, including, without limitation, any financial statements and schedules included therein, at the time filed or, if subsequently amended, as so amended, (i) did not contain
any untrue statement of a material fact required to be stated therein or omit to state a material fact necessary in order to make the statements made therein not misleading in the light of the circumstances under which they were made and (ii)
complied in all material respects with the applicable requirements of the Exchange Act and the applicable rules and regulations thereunder. 
  
 (ii) The Company has full legal right, power and authority to enter into this Agreement and to perform the duties and obligations contemplated herein.
This Agreement and the grants referred to herein have been duly authorized by all necessary action on the part of the Company, its Board of Directors and the Compensation Committee of the Board of Directors, and has been executed and delivered by
the Company. 
  
 (iii) When issued, the Sign-on Shares and the
shares of common stock underlying the Options shall be duly authorized, validly issued and non-assessable. 
  
 (iv) The Company is familiar in all material respects with the requirements of the Sarbanes-Oxley Act of 2002 (“Sarbanes Oxley”) and the
regulations promulgated pursuant thereto. The Company is in compliance with the provisions of Sarbanes-Oxley applicable to it as of the date hereof and has implemented such programs and has taken commercially reasonable steps to ensure the
Company’s future compliance (not later than the relevant statutory and regulatory deadlines therefore) with all provisions of such act which shall become applicable thereto after the date hereof. The Company has made the filings and other
required submissions to the United States Securities and Exchange Commission required under the provisions of Sarbanes-Oxley applicable to the Company as of the respective dates thereof and all such filings and submissions were true and correct in
all material respects at the time of filing or submission. 
  
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK. 
 SIGNATURE PAGE FOLLOWS.] 
  

 10 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first above written.

  

			
	BRITESMILE, INC.
		
	By:	 	 /s/ A.M. Pilaro

	Name:	 	A.M. PILARO
	Title:	 	Acting CEO and Chairman
	
	 /s/ Gregg Coccari

	Gregg Coccari

  

 11 

 EXHIBIT A 
  

EXCISE TAX GROSS UP 
  
 (a) In the event that the Employee shall become entitled to payments and/or benefits provided by this Agreement or any other amounts in the “nature
of compensation” (whether pursuant to the terms of this Agreement or any other plan, arrangement or agreement with the Company, any person whose actions result in a change of ownership or effective control covered by Section 280G(b)(2) of the
Code or any person affiliated with the Company or such person) as a result of such change in ownership or effective control (collectively the “Company Payments”), and such Company Payments will be subject to the tax (the “Excise
Tax”) imposed by Section 4999 of the Code (and any similar tax that may hereafter be imposed by any taxing authority) the Company shall pay to the Employee at the time specified in subsection (d) below (x) an additional amount (the
“Gross-Up Payment”) such that the net amount retained by the Employee, after deduction of any Excise Tax on the Company Payments and any U.S. federal, state, and/or local income or payroll tax upon the Gross-up Payment provided for
by this paragraph (a), but before deduction for any U.S. federal, state, and local income or payroll tax on the Company Payments, shall be equal to the Company Payments and (y) an amount equal to the product of any deductions disallowed for federal,
state or local income tax purposes because of the inclusion of the Gross-Up Payment in the Employee’s adjusted gross income multiplied by the highest applicable marginal rate of federal, state or local income taxation, respectively, for the
calendar year in which the Gross-Up Payment is to be made. 
  
 In
the event that the Internal Revenue Service or court ultimately makes a determination that the excess parachute payments plus the base amount is an amount other than as determined initially, an appropriate adjustment shall be made with regard to the
Gross-Up Payment, as applicable to reflect the final determination and the resulting impact on whether the preceding paragraph applies. 
  
 (b) For purposes of determining whether any of the Company Payments and Gross-up Payments (collectively the “Total Payments”) will be
subject to the Excise Tax and the amount of such Excise Tax, (x) the Total Payments shall be treated as “parachute payments” within the meaning of Section 280G(b)(2) of the Code, and all “parachute payments” in excess of the
“base amount” (as defined under Section 280G(b)(3) of the Code) shall be treated as subject to the Excise Tax, unless and except to the extent that, in the opinion of the Company’s independent certified public accountants appointed
prior to any change in ownership (as defined under Section 280G(b)(2) of the Code) or tax counsel selected by such accountants or the Company (the “Accountants”) such Total Payments (in whole or in part) either do not constitute
“parachute payments,” including giving effect to the recalculation of stock options in accordance with Treasury Regulation Section 1.280G-1, Q&A 33, represent reasonable compensation for services actually rendered within the meaning of
Section 280G(b)(4) of the Code in excess of the “base amount” or are otherwise not subject to the Excise Tax, and (y) the value of any non-cash benefits or any deferred payment or benefit shall be determined by the Accountants in
accordance with the principles of Section 280G of the Code. To the extent permitted under Revenue Procedure 2003-68, the value determination shall be recalculated to the extent it would be beneficial to the Employee, at the request of the Employee.
In the event 

  

 12 

 
that the Accountants are serving as accountant or auditor for the individual, entity or group effecting the Change in Control, the Employee may appoint
another nationally recognized accounting firm to make the determinations hereunder (which accounting firm shall then be referred to as the “Accountants” hereunder). All determinations hereunder shall be made by the Accountants, which shall
provide detailed supporting calculations both to the Company and the Employee at such time as it is requested by the Company or the Employee. If the Accountants determine that payments under this Agreement must be reduced pursuant to this paragraph,
they shall furnish the Employee with a written opinion to such effect. The determination of the Accountants shall be final and binding upon the Company and the Employee. 
  
 (c) For purposes of determining the amount of the Gross-up Payment, the Employee shall be deemed to pay U.S. federal income
taxes at the highest marginal rate of U.S. federal income taxation in the calendar year in which the Gross-up Payment is to be made and state and local income taxes at the highest marginal rate of taxation in the state and locality of the
Employee’s residence for the calendar year in which the Company Payment is to be made, net of the maximum reduction in U.S. federal income taxes which could be obtained from deduction of such state and local taxes if paid in such year. In the
event that the Excise Tax is subsequently determined by the Accountants to be less than the amount taken into account hereunder at the time the Gross-up Payment is made, the Employee shall repay to the Company, at the time that the amount of such
reduction in Excise Tax is finally determined, the portion of the prior Gross-up Payment attributable to such reduction (plus the portion of the Gross-up Payment attributable to the Excise Tax and U.S. federal, state and local income tax imposed on
the portion of the Gross-up Payment being repaid by the Employee if such repayment results in a reduction in Excise Tax or a U.S. federal, state and local income tax deduction), plus interest on the amount of such repayment at the rate provided in
Section 1274(b)(2)(B) of the Code. Notwithstanding the foregoing, in the event any portion of the Gross-up Payment to be refunded to the Company has been paid to any U.S. federal, state and local tax authority, repayment thereof (and related
amounts) shall not be required until actual refund or credit of such portion has been made to the Employee, and interest payable to the Company shall not exceed the interest received or credited to the Employee by such tax authority for the period
it held such portion. The Employee and the Company shall mutually agree upon the course of action to be pursued (and the method of allocating the expense thereof) if the Employee’s claim for refund or credit is denied. 
  
 In the event that the Excise Tax is later determined by the Accountant or the
Internal Revenue Service to exceed the amount taken into account hereunder at the time the Gross-up Payment is made (including by reason of any payment the existence or amount of which cannot be determined at the time of the Gross-up Payment), the
Company shall make an additional Gross-up Payment in respect of such excess (plus any interest or penalties payable with respect to such excess) at the time that the amount of such excess is finally determined. 
  
 (d) The Gross-up Payment or portion thereof provided for in subsection (c)
above shall be paid not later than the thirtieth (30th) day following an event occurring which subjects the Employee to the Excise Tax; provided, however, that if the amount of such Gross-up Payment or portion thereof cannot be finally determined on
or before such day, the Company shall pay to the Employee on such day an estimate, as determined in good faith by the Accountant, of the minimum amount of such payments and shall pay the remainder of such 

  

 13 

 
payments (together with interest at the rate provided in Section 1274(b)(2)(B) of the Code), subject to further payments pursuant to subsection (c) hereof,
as soon as the amount thereof can reasonably be determined, but in no event later than the ninetieth day after the occurrence of the event subjecting the Employee to the Excise Tax. In the event that the amount of the estimated payments exceeds the
amount subsequently determined to have been due, such excess shall constitute a loan by the Company to the Employee, payable on the fifth day after demand by the Company (together with interest at the rate provided in Section 1274(b)(2)(B) of the
Code). 
  
 (e) In the event of any controversy with the Internal
Revenue Service (or other taxing authority) with regard to the Excise Tax, the Employee shall permit the Company to control issues related to the Excise Tax (at its expense), provided that such issues do not potentially materially adversely affect
the Employee, but the Employee shall control any other issues. In the event the issues are interrelated, the Employee and the Company shall in good faith cooperate so as not to jeopardize resolution of either issue, but if the parties cannot agree
the Employee shall make the final determination with regard to the issues. In the event of any conference with any taxing authority as to the Excise Tax or associated income taxes, the Employee shall permit the representative of the Company to
accompany the Employee, and the Employee and the Employee’s representative shall cooperate with the Company and its representative. 
  
 (f) The Company shall be responsible for all charges of the Accountant. 
  
 (g) The Company and the Employee shall promptly deliver to each other copies of any written communications, and summaries of
any verbal communications, with any taxing authority regarding the Excise Tax covered by this provision. 
  
 (h) Nothing in this Exhibit is intended to violate the Sarbanes-Oxley Act and to the extent that any advance or repayment obligation hereunder would do
so, such obligation shall be modified so as to make the advance a nonrefundable payment to the Employee and the repayment obligation null and void. 
  
 (i) To the extent that any payment hereunder would be in violation of Section 409A of the Code, the timing of such payment shall be adjusted such that it
will be paid at the earliest time that such payment would not be a violation of Section 409A of the Code. 
  

 14 

 CONFIDENTIALITY AND RIGHTS OWNERSHIP AGREEMENT 
  
 I, GREGG COCCARI, in
consideration of my employment by BRITESMILE, INC., a Utah corporation (the “Company”), having a place of business at 490 North Wiget Lane, Walnut Creek, CA 94598, acknowledge that
in the performance of my duties for the Company I will be exposed to and have an opportunity to learn about the Company’s operation, products or services, methods of doing business, business or marketing plans, research and development,
know-how, customers, trade secrets, manufacturing methods, computer programs, algorithms, finances and other confidential and proprietary information belonging to the Company (all of which are hereinafter collectively called “Confidential
Information”). Confidential Information does not include information (i) which is generally available to the public other than as a result of disclosure by me in breach of this Agreement, (ii) was available to me on a non-confidential basis
prior to the Company’s disclosure of such information to me or (iii) became available to me on a non-confidential basis from a source other than the Company provided that such disclosure to me of such information is not known to me to be in
violation of an obligation of confidentiality between such source and the Company. 
  
 CONFIDENTIALITY 
  
 I agree
that I will not use the Confidential Information for any purpose other than in the ordinary course of the performance of my duties for the Company. 
  
 I further agree that unless authorized by the Company, I will not disclose, provide or otherwise make available, in whole or in part, the Confidential
Information to any third party other than (i) as may be reasonably necessary in my good faith judgment in the ordinary course of the performance of my duties for the Company and (ii) as may be required, based upon the advice of counsel, in any
legal, regulatory or administrative proceeding. 
  
 OWNERSHIP

  
 I agree that all developments, inventions, writings, data
collections, graphical materials and other works (collectively, the “Works”) made, conceived or created by me either under the Company’s direction or otherwise pursuant to the performance of my duties for the Company, shall be
the sole and exclusive property of the Company. I further agree that all such Works shall be considered “works made for hire” as defined in the United States Copyright Act, either as the work of an employee, as a contribution to a
collective work, or otherwise. I further agree that the Company owns all of the right, title and interest in and to the Works (including all copyrights, rights now or in the future granted to databases and other collections of information and all
other current and future rights) in and to such Works throughout the world, and to the extent such ownership does not vest in the Company by operation of law, I hereby assign all such right, title and interest to the Company, and I agree to execute
any further documents as may be necessary to effectuate this assignment. I further agree that the Company shall have the sole exclusive right to (and may grant to others the right to) copyright, use, modify, change, adapt or exploit any or all such
developments and works by any means, for any purpose, in any media, now known or hereafter devised. I hereby waive any and all moral rights that I may have pursuant to any laws or in any jurisdiction regarding the Works. I do not claim any previous
unpublished works within the scope of this Agreement as my own, except for the works, if any, which I have listed in Appendix A to this Agreement. 

 TERMINATION 
  
 I agree that my obligations with respect to the confidentiality and security of the Confidential Information disclosed to me
shall survive the termination of any agreement or relationship between the Company and me. 
  
 I agree that I will promptly return the Confidential Information including, without limitation, materials embodying all or any portion of the Works, documents, models, source code, designs, flowcharts and listings,
along with all copies upon the termination of any agreement or relationship between the Company and me, except that I may retain my personal address book which may contain contact information for persons that I have met, contacted or received some
contact from in the course of my employment by the Company. 
  
 ENFORCEMENT 
  
 I agree that any violation of the
terms of this Agreement will cause the Company irreparable damage, which a monetary award would be inadequate to remedy, and that a court of competent jurisdiction may, in addition to monetary awards, enjoin any breach of, and enforce, the terms of
this Agreement by temporary restraining order, and preliminary and permanent injunctive relief without the need for the moving party to post any bond or surety. If a court of competent jurisdiction determines that any of the terms in this Agreement
are unreasonable in nature or scope, then I agree that such court or arbitrator shall reform such term so that such term is enforceable to the maximum extent permitted by law for a term of that nature, and such court shall enforce the term to that
extent. 
  
 MISCELLANEOUS 
  
 I shall take all commercially reasonable and appropriate action to ensure the
protection, confidentiality and security of the Confidential Information within my possession and/control and to satisfy my obligations under this Agreement. 
  
 I agree that this Agreement shall be governed by the laws of the State of California. 
  
 I acknowledge that I have received a copy of this Agreement as executed by me. 
  

					
	 	 	EMPLOYEE:
		
	 	 	 /s/ Gregg Coccari

	Dated:                     	 	 	 	 
		
	 	 	BRITESMILE, INC.
			
	Dated: January 9, 2005	 	By:	 	 /s/ A.M. Pilaro

	 	 	Name:	 	A.M. PILARO
	 	 	Its:	 	Acting CEO & Chairman

  

 2 

 THIS OPTION AND ANY SHARES ACQUIRED UPON THE EXERCISE OF THIS OPTION MAY NOT BE TRANSFERRED IN THE ABSENCE OF
REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY COMPARABLE STATE LAW, OR AN EXEMPTION THEREFROM UNDER SUCH ACT. THIS OPTION AND SUCH SHARES MAY BE TRANSFERRED ONLY IN COMPLIANCE WITH THE CONDITIONS SPECIFIED IN THIS OPTION

  
 BriteSmile, Inc. 
  
 COMMON STOCK PURCHASE OPTION 
  
 Holder: Gregg Coccari 
 Date of Grant: January 9, 2005 
 Number of Covered Shares: 600,000 
 Exercise Price Per Share: $6.30 
 Term: 10 years 
  
 Effective as of January 9, 2005, BriteSmile, Inc., a Utah corporation (the “Company”), for value received, and pursuant to that certain
Employment Agreement (the “Employment Agreement”) dated January 9, 2005 between the Company and Gregg Coccari (the “Employee”), hereby certifies that the Employee is entitled to purchase from the Company, at such
times and in such amounts as are permitted herein, Six Hundred Thousand (600,000) duly authorized shares of the Common Stock, par value $.001 per share, of the Company (the “Option Stock”) at a purchase price per share of $6.30, all
subject to the terms and conditions set forth below. Unless otherwise defined herein, capitalized terms shall have the meanings given them in the Employment Agreement. 
  
 1. Exercise of Options. 
  
 1.1. Vesting and Exercise. Employee’s right to exercise the Options granted hereunder shall be subject to the
following vesting schedule: 
  
 (a) Options to purchase 120,000
shares of the total number granted shall be exercisable on January 9, 2005, and, subject to Section 12 hereof, shall expire and terminate on January 9, 2015. 
  
 (b) Options to purchase the remaining 480,000 shares of the total number granted shall vest monthly over forty-eight (48) months (on the first day of
each month commencing February 1, 2005) at the rate of 10,000 shares per month, subject to Employee’s Continuous Service (as defined below) on such dates, provided that on termination without Cause, termination for Good Reason or non-renewal by
the Company, all Options shall fully vest, and, subject to Section 12 hereof, shall expire and terminate on January 9, 2015. 
  
 For purposes of this Option, “Continuous Service” means that the provision of services to the Company in any capacity of employee, officer,
director or consultant is not interrupted or terminated. Continuous Service shall not be considered interrupted in the case of (i) any approved leave of absence, (ii) transfers among the Company, or any successor, in any capacity of employee,
officer, director or consultant, or (iii) any change in status as long as the individual remains in the service of the Company in any capacity of employee, officer, director or consultant (except as otherwise provided herein). An approved leave of
absence shall include sick leave, military leave, or any other authorized personal leave. 

 1.2. Manner of Exercise. Employee may exercise this Option, in whole or in part, during normal
business hours on any business day by surrendering this Option to the Company at the Company’s principal office, accompanied by an executed subscription agreement in substantially the form annexed hereto as Exhibit A, as such form may be
modified in the discretion of the Company to comply with any applicable federal or state securities laws, and by payment, in cash or by certified or official bank check payable to the order of the Company, or by any combination of such methods, in
the amount obtained by multiplying (a) the number of shares of Option Stock designated in such subscription by (b) Exercise Price Per Share, whereupon Employee shall be entitled to receive the number of duly authorized, validly issued, fully paid
and nonassessable shares of Option Stock as is indicated on the subscription. All or a portion of the exercise price may be paid by Employee by delivery of shares of Common Stock owned by Employee for at least 6 months, having an aggregate Fair
Market Value (as of the date of exercise) that is equal to the amount of cash that would otherwise be required; or Employee may pay the exercise price by authorizing a third party to sell shares of Stock (or a sufficient portion of the shares)
acquired upon exercise of the Option and remit to the Company a sufficient portion of the sale proceeds to pay the entire exercise price and any tax withholding resulting from such exercise. 
  
 1.3. When Exercise Effective. Each exercise of this Option shall be
deemed to have been effected immediately prior to the close of business on the business day on which this Option shall have been surrendered to the Company as provided in Section 1.2, and at such time the person or persons in whose name or names any
certificate or certificates for shares of Option Stock shall be issued upon such exercise shall be deemed for all corporate purposes to have become the holder of record thereof. 
  
 1.4. Delivery of Stock Certificates. As soon as practicable after each exercise of this Option, and in any event
within five business days thereafter, the Company at its expense (including the payment by it of any applicable issue taxes) will cause to be issued in the name of and delivered to Employee, a certificate or certificates for the number of duly
authorized, validly issued, fully paid and nonassessable shares of Option Stock to which Employee shall be entitled upon such exercise. 
  
 1.5. Partial Exercise. 
  
 (a) Fractional Shares. In the event of any partial exercise of this Option, the Company will not issue certificates for any fractional shares of
the Option Stock to which Employee otherwise may be entitled, and the Company shall refund an amount of cash comprising the market value of any fractional share of Option Stock for which the Company will not issue a certificate. 
  
 (b) Replacement Option. In the event of any partial exercise of this
Option, at the request of Employee and upon tender of this Option to the Company, the Company shall issue a new Option containing the same terms and conditions as this Option but calling on the face thereof for the number of shares of Option Stock
equal to the number of shares called for on the face of this Option minus the number of shares of Option Stock issued upon the partial exercise of this Option. 
  

 2 

 1.6 Withholding of Taxes. The Options may not be exercised unless Employee has paid or has made
provision satisfactory to the Company for payment of, federal, state and local income taxes, or any other taxes (other than stock transfer taxes) which the Company may be obligated to collect as a result of the issue or transfer of Option Stock upon
such exercise of the Options. In its sole discretion, and at the request of Employee, the Company may permit Employee to satisfy the obligation imposed by this Section, in whole or in part, by instructing the Company to withhold up to that number of
shares otherwise issuable to Employee with a fair market value equal to the minimum statutory amount of tax to be withheld. 
  
 2. Certain Adjustments. 
  
 2.1. Mergers, Consolidations or Sale of Assets. If at any time there shall be a capital reorganization (other than a combination or subdivision of
Option Stock otherwise provided for herein), or a merger or consolidation of the Company with or into another corporation, or the sale of the Company’s properties and assets as, or substantially as, an entirety to any other person, then, as a
part of such reorganization, merger, consolidation or sale, lawful provision shall be made so that the holder shall thereafter be entitled to receive upon exercise of this Option, during the period specified in this Option and upon payment of the
purchase price, the number of shares of stock or other securities or property of the Company or the successor corporation resulting from such reorganization, merger, consolidation or sale, to which a holder of the Common Stock deliverable upon
exercise of this Option would have been entitled under the provisions of the agreement in such reorganization, merger, consolidation or sale if this Option had been exercised immediately before that reorganization, merger, consolidation or sale. In
any such case, appropriate adjustment (as determined in good faith by the Company’s Board of Directors) shall be made in the application of the provisions of this Option with respect to the rights and interests of the holder after the
reorganization, merger, consolidation or sale to the end that the provisions of this Option (including adjustment of the purchase price then in effect and the number of shares of Option Stock) shall be applicable after that event, as near as
reasonably may be, in relation to any shares or other property deliverable after that event upon exercise of this Option. 
  
 2.2. Splits and Subdivisions. If the Company at any time or from time to time after the date of this Option but before expiration effects a split
or subdivision of the outstanding shares of its then outstanding Common Stock into a greater number of shares of Common Stock, or if the Company effects a reverse split of the outstanding shares of its Common Stock into a lesser number of shares of
Common Stock, (by reclassification or otherwise than by payment of a dividend in Common Stock) or if the Company declares a stock dividend, then, and in each such case, the number of shares called for on the face of this Option (or the face of any
replacement Option issued upon partial exercise) shall be adjusted proportionally, and the exercise price with respect to such adjusted number of shares also shall be adjusted proportionally. 
  
 2.3. Certificate as to Adjustments. In the case of each adjustment or
readjustment of the purchase price pursuant to this Section 2, the Company will promptly compute such adjustment or readjustment in accordance with the terms hereof and cause a certificate setting 

  

 3 

 
forth such adjustment or readjustment and showing in detail the facts upon which such adjustment or readjustment is based to be delivered to the holder of
this Option. The Company will, upon the written request at any time of the holder of this Option, furnish or cause to be furnished to such holder a certificate setting forth: 
  
 (a) Such adjustments and readjustments; 
  
 (b) The purchase price at the time in effect; and 
  
 (c) The number of shares of Option Stock and the amount, if any, of other property at the time receivable upon the exercise
of the Option. 
  
 3. Restrictions on Transfer.

  
 3.1. Restrictive Legends. Unless the shares issued
upon exercise of this Option are registered under the Securities Act of 1933 and under applicable laws of any state, each certificate for Common Stock issued upon the exercise of any Option, and each certificate issued upon the transfer of any such
Common Stock, shall be stamped or otherwise imprinted with a legend in substantially the following form: 
  
 THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR UNDER THE SECURITIES LAWS OF ANY
STATE. THESE SECURITIES MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF REGISTRATION, OR THE AVAILABILITY OF AN EXEMPTION FROM REGISTRATION, UNDER THE SECURITIES ACT OF 1933 AND APPROPRIATE STATE SECURITIES LAWS.
FURTHERMORE, NO OFFER, SALE, TRANSFER, PLEDGE OR HYPOTHECATION IS TO TAKE PLACE UNLESS THE COMPANY RECEIVES AN OPINION OF COUNSEL AT SHAREHOLDER’S EXPENSE, AND SATISFACTORY TO IT, THAT AN EXEMPTION FROM REGISTRATION IS AVAILABLE. 
  
 If shares issued upon exercise of the Option have been stamped with a restricted legend and
such shares are subsequently registered under the Securities Act of 1933, upon request of the Employee the Company will cause the restricted legend to be removed from such shares. 
  
 3.2. Notice of Proposed Transfer; Opinions of Counsel. Prior to the transfer of any shares of Common Stock issued
upon the exercise of this Option and during any period during which such shares of Common Stock are not registered by the Company under an effective registration statement filed pursuant to the Securities Act of 1933, the holder thereof shall give
written notice to the Company, which notice shall (a) state such holder’s intention to transfer such restricted shares and to comply in all other respects with the transfer requirements of this Option; (b) describe the circumstances of the
proposed transfer in sufficient detail to enable counsel to render the opinions referred to below, and (c) designate counsel for the holder giving 

  

 4 

 
such notice. The holder giving such notice shall submit a copy thereof to the counsel designated in such notice and the Company will promptly submit a copy
thereof to its counsel. The following provisions shall then apply: 
  
 (a) If (a) in the opinion of counsel for the holder designated in the notice the proposed transfer may be effected without registration of such shares of Common Stock under the Securities Act of 1933 and any applicable state securities
laws, and (b) counsel for the Company shall not have rendered an opinion within 15 days after receipt by the Company of such written notice that such registration is required, such holder shall thereupon be entitled to transfer such shares of Common
Stock in accordance with the terms of the notice delivered by such holder to the Company. Each Option or certificate, if any, issued upon or in connection with such transfer shall bear the appropriate restrictive legend set forth in Section 3.1,
unless in the opinion of each such counsel such legend is no longer required to insure compliance with the Securities Act. If for any reason counsel for the Company (after having been furnished with the information required to be furnished by clause
(a) of this Section 3.2) shall fail to deliver an opinion to the Company as aforesaid, then for all purposes of this Option the opinion of counsel for the Company shall be deemed to be the same as the opinion of counsel for such holder. 

 
 (b) If in the opinion of either or both of such counsel the proposed
transfer may not legally be effected without registration of such shares of Common Stock under the Securities Act of 1933 or applicable state securities laws (such opinion or opinions to state the basis of the legal conclusions reached therein), the
Company will promptly so notify the holder thereof and thereafter such holder shall not be entitled to transfer such shares of Common Stock until receipt of a further notice from the holder under Section 3.2 above or until registration of such
shares of Common Stock under the Securities Act or applicable state law has become effective. 
  
 4. Reservation of Shares. The Company will at all times reserve and keep available, solely for issuance and delivery upon the exercise of the Options, the number of shares of Option Stock that would be
issuable upon the exercise of all Options at the time outstanding. All such shares shall be duly authorized and, when issued upon such exercise, shall be validly issued, fully paid and nonassessable with no liability on the part of the holders
thereof. 
  
 5. Replacement of Options. Upon receipt
of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of any Option and, in the case of any such loss, theft of destruction of any Option, upon delivery of indemnity reasonably satisfactory to the Company
in form and amount or, in the case of any such mutilation, upon surrender of such the Company at its expense will execute and deliver, in lieu thereof, a new Option of like tenor. 
  
 6. No Rights or Liabilities as Stockholder. Nothing herein shall give or shall be construed to give the holder
of this Option any of the rights of a shareholder of the Company including, without limitation, the right to vote on matters requiring the vote of shareholders, the right to receive any dividend declared and payable to the holders of Common Stock,
and the right to a pro-rata distribution upon the Company’s dissolution. 
  
 7. Notices. All notices and other communications provided for herein shall be delivered or mailed by first class mail, postage prepaid, addressed (a) if to the holders of any 

  

 5 

 
Option, at the registered address of such holder as set forth in the register kept at the principal office of the Company, or (b) if to the Company, at its
principal office to the attention of the Company’s Chief Financial Officer, BriteSmile, Inc., 490 North Wiget Lane, Walnut Creek, CA 94598, or at the address of such other principal office of the Company as the Company shall have furnished to
each holder of any Option in writing, provided that the exercise of any Option shall be effective only in the manner provided in Section 1. 
  
 8. Assignment. Except for transfers to family members and their related entities in accordance with the rules applicable to Form S-8, no
Option granted herein or any of the rights and privileges thereby conferred shall be transferred, assigned, pledged, or hypothecated in any way (whether by operation of law or otherwise), and no such Option, right, or privilege shall be subject to
execution, attachment, or similar process. Upon any attempt so to transfer, assign, pledge, hypothecate, or otherwise dispose of the Option, or of any right or privilege conferred thereby, contrary to the provisions hereof, or upon the levy of any
attachment or similar process upon which Option, right, or privilege, the Option and such rights and privileges shall immediately become null and void. 
  
 9. Investment Representations. In connection with his acquisition of this Option, Employee represents and warrants, and (unless the shares
underlying this Option are registered pursuant to the Securities Act of 1933) in connection with any exercise of this Option Employee will represent and warrant, as follows: 
  
 9.1. Employee is acquiring the Option and the Option Stock (together, the “Securities”) for his own
account; no other person has any direct or indirect beneficial ownership in the Securities. 
  
 9.2. Employee is acquiring the Securities for investment, with no present intention of distributing or selling any of the Securities or any interest therein. 
  
 9.3. Employee has the capacity to protect his own interests in connection
with the acquisition of the Securities. He has such knowledge and experience in financial and business matters generally, and about the Company in particular, that he is capable of evaluating the merits and risks of his acquisition of the
Securities. 
  
 9.4. Employee acknowledges that as of the date
hereof, and as of the date of any exercise of the Option, he has read and analyzed, and retained copies of this Agreement and the following documents: 
  
 (a) The most recent Annual Report on Form 10-K of the Company; 
  

(b) Any and all Quarterly Reports on Form 10-Q of the Company filed since the latest Form 10-K Annual Report; and 
  
 (c) Any and all Current Reports on Form 8-K of the Company filed since the
latest Form 10-K Annual Report. 
  
 9.5. Employee has been
informed and understands that there are risks associated with purchasing the Securities, including those risks of ownership of Common Stock of the Company identified in the Company’s Annual Reports on Form 10-K. Employee is capable of 

  

 6 

 
bearing the economic risk of ownership of the Securities including, but not limited to, the possibility of the complete loss of the value of the Securities
and the restrictions on transferability of the Securities. 
  
 10.
Registration. The Company shall cause the Option Stock to be included in a registration statement filed under the Securities Act of 1933 on Form S-8 on or before January 30, 2005 and shall maintain the effectiveness thereof. The
Company shall file a resale prospectus with respect to the Option Stock promptly upon demand by Employee in order to facilitate the disposition of the Option Stock owned by Employee. The Company shall furnish to Employee (i) promptly after the same
is prepared and publicly distributed, filed with the United States Securities and Exchange Commission, or received by the Company, one (1) copy of the Form S-8 Registration Statement describing the Option Stock, each preliminary resale prospectus
and resale prospectus, and each amendment or supplement thereto, and (ii) such number of copies of a resale prospectus, and all amendments and supplements thereto and such other documents, as Employee may reasonably request in order to facilitate
the disposition of the Option Stock owned by Employee. 
  
 11.
Miscellaneous. This Option and any term hereof may be changed, waived, discharged or terminated only by an instrument in writing signed by the party against which enforcement of such change, waiver, discharge or termination is sought.
This Option shall be governed by the laws of the State of Utah. The headings of this Option are inserted for convenience only and shall not be deemed to constitute a part hereof. 
  
 12. Expiration. The Options granted herein shall in no event be exercisable after January 9, 2015. On
termination of Employee’s employment under the Employment Agreement without Cause, termination for Good Reason, termination upon Employee becoming permanently disabled (as determined under the Employment Agreement), non-renewal by the Company,
or upon the death of Employee, all vested Options shall be exercisable for a period of two (2) years after the end of Continuous Service. Upon termination for any other reason, all vested options shall be exercisable for a period of three (3) months
after the end of Continuous Service. 
  
 IN WITNESS WHEREOF, this
Option has been signed on January 9, 2005. 
  

			
	BRITESMILE, INC.
		
	By:	 	 /s/ A.M. Pilaro

	Title:	 	Acting CEO and Chairman
	
	 /s/ Gregg Coccari

 Gregg Coccari

  

 7 

 EXHIBIT A 
  

SUBSCRIPTION 
  
 (To be executed by the holder of the Option to exercise the right to purchase Common Stock evidenced by the Option) 
  

	
	To: Chief Financial Officer
	BriteSmile, Inc.
	490 North Wiget Lane
	Walnut Creek, CA 94598

  
 The undersigned
hereby irrevocably subscribes for                      shares of the Common Stock, par value $.001 per share, of BriteSmile, Inc., a Utah
corporation, pursuant to and in accordance with the terms and conditions of an Option dated effective January 9, 2005 (the “Option”), and tenders with the Option and this Subscription Agreement payment of
$                     as payment for the shares, and requests that a certificate for such shares be issued in the name of the undersigned and
be delivered to the undersigned at the address stated below. 
  

	
	 NAME:

	 ADDRESS:

	  

	 SOCIAL SECURITY NUMBER:

	
	  

 Signed

	 DATED:

  

 8 

 RESTRICTED STOCK GRANT AGREEMENT 
  
 This Restricted Stock Grant Agreement (this “Agreement”) is made and entered into as of the 9th day of January, 2005, by and between BriteSmile, Inc., a Utah corporation (the “Company”), and Gregg Coccari
(the “Recipient”). Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in that certain Employment Agreement dated January 9, 2005, between the Company and the Recipient (the “Employment
Agreement”). 
  
 RECITALS 
  
 WHEREAS, pursuant to the terms of the Employment Agreement, the Company has
agreed to issue to the Recipient 240,000 shares of Common Stock of the Company, par value $0.001 (the “Sign-On Shares”); and 
  
 WHEREAS, the Company desires to issue to the Recipient, and the Recipient desires to accept from the Company, the Sign-On Shares on the terms and
conditions set forth herein. 
  
 NOW, THEREFORE, in consideration
of the agreements and obligations set forth herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 
  
 AGREEMENT 
  
 1. Restricted Stock Issuance. Subject to the terms and conditions of this Agreement, the Company hereby issues to the
Recipient the Sign-On Shares. All of the Sign-On Shares issued hereunder are issued to the Recipient as fully paid and nonassessable shares, and, subject to the other terms and conditions of this Agreement, the Recipient shall have all rights of a
stockholder with respect thereto, including the right to vote, receive dividends (including stock dividends), participate in stock splits or other recapitalizations, and exchange such shares in a merger, consolidation or other reorganization.

  
 2. Forfeiture of Non-Vested Stock. 
  
 (a) Transfer Restrictions for Non-Vested Stock. No Sign-On Share
issued to the Recipient hereunder shall be sold, transferred by gift, pledged, hypothecated, or otherwise transferred or disposed of by the Recipient prior to the date when the Recipient shall become vested in such Sign-On Share pursuant to
Section 3 hereof, and such Sign-On Share shall constitute “Non-Vested Stock” until such date. Any attempt to transfer Sign-On Shares in violation of this Section 2 hereof shall be null and void and shall be disregarded by the
Company. 
  
 (b) Forfeiture. In the event of the voluntary
termination of Recipient’s Continuous Service (as defined below) other than for Good Reason or involuntary termination for Cause, all of the Non-Vested Stock as of the date of such termination shall automatically be forfeited to the Company as
of the date of such termination. 
  

 1 

 (c) Continuous Service. For purposes of this Agreement “Continuous Service” means that
the provision of services to the Company in any capacity of employee, officer, director or consultant is not interrupted or terminated. Continuous Service shall not be considered interrupted in the case of (i) any approved leave of absence, (ii)
transfers among the Company, or any successor, in any capacity of employee, officer, director or consultant, or (iii) any change in status as long as the individual remains in the service of the Company in any capacity of employee, officer, director
or consultant (except as otherwise provided herein). An approved leave of absence shall include sick leave, military leave, or any other authorized personal leave. 
  
 (d) Escrow of Stock. For purposes of facilitating the enforcement of the provisions of this Section 2, the
Recipient agrees, immediately upon receipt of the certificate(s) for the Non-Vested Stock, to deliver such certificate(s), together with an Assignment Separate from Certificate in the form attached hereto as Exhibit A, executed in blank by
the Recipient and the Recipient’s spouse (if required for transfer) with respect to each such stock certificate, to the Secretary or Assistant Secretary of the Company, or their designee, to hold in escrow for so long as any of the Sign-On
Shares remains subject to the risk of forfeiture, with the authority to take all such actions and to effectuate all such transfers and/or releases as may be necessary or appropriate to accomplish the objectives of this Agreement in accordance with
the terms hereof. The Recipient hereby acknowledges that the appointment of the Secretary or Assistant Secretary of the Company (or their designee) as the escrow holder hereunder with the stated authorities is a material inducement to the Company to
make this Agreement and that such appointment is coupled with an interest and is accordingly irrevocable. The Recipient agrees that such escrow holder shall not be liable to any party hereto (or to any other party) for any action or omission unless
such action or omission constitutes fraud, deceit, gross negligence, reckless or intentional misconduct, or a knowing violation of law by such escrow holder. The escrow holder may rely upon any letter, notice or other document executed by any
signature purported to be genuine and may resign at any time. 
  
 3. Vesting. For purposes of this Agreement, the term “vest” shall mean with respect to any Sign-On Share that such share is no longer Non-Vested Stock subject to the risk of forfeiture. If the Recipient would become vested
in any fraction of a Sign-On Share on any date, such fractional share shall not vest and shall remain Non-Vested Stock until the Recipient becomes vested in the entire share. Subject to the Recipient’s Continuous Service, the Sign-On Shares
shall vest in accordance with the following schedule: 
  
 (a)
One-third (1/3) of the aggregate number of Sign-On Shares issued hereunder (i.e., 80,000 shares) shall vest immediately; 
  
 (b) One-third (1/3) of the aggregate number of Sign-On Shares issued hereunder (i.e., 80,000 shares) shall vest on the one-year anniversary of the Start
Date; and 
  
 (c) One-third (1/3) of the aggregate number of
Sign-On Shares issued hereunder (i.e., 80,000 shares) shall vest on the two-year anniversary of the Start Date. 
  
 Notwithstanding the vesting schedule above, all of the Non-Vested Stock shall immediately vest upon the termination of Recipient’s Continuous Service
other than a 

  

 2 

 
termination for Cause or a voluntary termination by Recipient other than for Good Reason. In no event shall the Sign-On Shares continue to vest pursuant to
the schedule above after Recipient’s Continuous Service has been terminated either for Cause or voluntarily by Recipient other than for Good Reason. 
  
 4. Additional Securities. The term “Sign-On Shares” also refers to all securities received in replacement of the Sign-On Shares,
as a stock dividend or as a result of any stock split, recapitalization, merger, reorganization, exchange or the like, and all new or additional securities or other properties to which Recipient is entitled by reason of Recipient’s ownership of
the Sign-On Shares (hereinafter called “Additional Securities”). Recipient shall be entitled to direct the Company to exercise any warrant or option received as Additional Securities upon supplying the funds necessary to do so, in
which event the securities so purchased shall constitute Additional Securities, but the Recipient may not direct Company to sell any such warrant or option. If Additional Securities consist of a convertible security, the Recipient may exercise any
conversion right, and any securities so acquired shall be deemed Additional Securities. All Sign-On Shares (including Additional Securities) shall be subject to the restrictions contained in this Agreement. 
  
 5. Investment Representations. 
  
 (a) Investment Representations. This Agreement is made in reliance
upon the Recipient’s representation to the Company, which by his execution below hereby confirms, that the Sign-On Shares to be received by the Recipient will be acquired for investment for his own account and not with a view to the sale or
distribution of any part thereof within the meaning of the Securities Act of 1933, as amended (the “Securities Act”). 
  
 (b) Capacity to Protect Own Interests. The Recipient has the capacity to protect his own interests in connection with the issuance of the Sign-On
Shares. 
  
 (c) Availability of Exemptions. The Recipient
understands that the Sign-On Shares are not registered under the Securities Act on the basis that the issuance of securities hereunder is exempt from registration under the Securities Act pursuant to Section 4(2) thereof, and that the Company’s
reliance on such exemption is predicated on the Recipient’s representations set forth herein. The Recipient realizes that the basis for the exemption may not be present if, notwithstanding such representations, the Recipient has in mind merely
acquiring Sign-On Shares for a fixed or determinable period in the future, or for a market rise, or for sale if the market does not rise. The Recipient does not have any such intention. 
  
 (d) Restrictions on Transfer. The Recipient understands that the Sign-On Shares may not be sold, transferred, or
otherwise disposed of without registration under the Securities Act or an exemption therefrom, and that in the absence of an effective registration statement covering the Sign-On Shares or an available exemption from registration under the
Securities Act, the Sign-On Shares must be held indefinitely. In particular, the Recipient is aware that the Sign-On Shares may not be sold pursuant to Rule 144 or Rule 701 promulgated under the Securities Act unless all of the conditions of the
applicable Rules are met. Among the conditions for use of such Rule 144 is the availability of current information to the public about the Company. The Recipient represents that, in the absence of an effective registration statement 

  

 3 

 
covering the Sign-On Shares, he will sell, transfer, or otherwise dispose of any of the Sign-On Shares only in a manner consistent with its representations
set forth herein and then only in accordance with the provisions of Section 6 hereof. 
  
 6. Procedure for Transfer. The Recipient agrees that in no event will it make a transfer or disposition of any of the Sign-On Shares (other than pursuant to an effective registration statement under the
Securities Act), unless and until (i) the Recipient shall have notified the Company of the proposed disposition and shall have furnished the Company with a statement of the circumstances surrounding the disposition, (ii) such transfer is made in
accordance with the provisions of Section 5(d) above and (iii) if requested by the Company, at the expense of the Recipient or transferee, the Recipient shall have furnished to the Company either (A) an opinion of counsel, reasonably
satisfactory to the Company, to the effect that such transfer may be made without registration under the Securities Act or (B) a “no action” letter from the Securities and Exchange Commission to the effect that the transfer of such
securities without registration will not result in a recommendation by the staff of the Securities and Exchange Commission that action be taken with respect thereto. The Company will not require such a legal opinion or “no action” letter
in any transaction in compliance with Rule 144. 
  
 7.
Legends. 
  
 (a) Required Legend. All certificates
representing the Sign-On Shares shall initially bear the following legend: 
  
 THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THE SECURITIES
UNDER SAID ACT OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED. 
  
 (b) Non-Vested Stock Legend. All certificates representing Non-Vested Stock shall initially bear the following legend: 
  
 THE SHARES REPRESENTED BY THIS CERTIFICATE ARE RESTRICTED BY THE TERMS OF,
AND ARE SUBJECT TO A RISK OF FORFEITURE IN FAVOR OF THE COMPANY AS PROVIDED IN, A RESTRICTED STOCK GRANT AGREEMENT BETWEEN THE COMPANY AND THE HOLDER HEREOF, OR HIS SUCCESSOR, A COPY OF WHICH IS AVAILABLE FROM THE COMPANY. 
  
 (c) Additional Legends. The certificates for the Sign-On Shares shall
also bear any legend required by any applicable state securities law. 
  
 (d) Removal of Legends. If a certificate for the any of the Sign-On Shares has been stamped with a restricted legend and such all of the shares evidenced by such certificate are 

  

 4 

 
subsequently registered under the Securities Act, upon request of the Recipient, the Company will cause the restricted legend to be removed from such
certificate. In addition, if a certificate for any of the Sign-On Shares has been stamped with the Non-Vested Stock legend and all of the shares evidenced by such certificate subsequently vest, upon request of the Recipient, the Company will cause
the Non-Vested Stock legend to be removed from such certificate. 
  
 8. Stop-Transfer Notices. In order to ensure compliance with the restrictions on transfer set forth in this Agreement, the Company may issue appropriate “stop transfer” instructions to its transfer agent, if any, and, if
the Company transfers its own securities, it may make appropriate notations to the same effect in its own records. 
  
 9. Refusal to Transfer. Except as otherwise provided herein, the Company shall not be required (i) to transfer on its books any Sign-On Shares that
have been sold or otherwise transferred in violation of any of the provisions of this Agreement or (ii) to treat as owner of such Sign-On Shares or to accord the right to vote or pay dividends to any purchaser or other transferee to whom such
Sign-On Shares shall have been so transferred. 
  
 10. Special
Tax Election for Stock Subject to Forfeiture/Tax Consequences. Set forth below is a brief summary as of the date of this Agreement of some of the federal tax consequences of the receipt by the Recipient of the Sign-On Shares. THIS SUMMARY IS
NECESSARILY INCOMPLETE, AND THE TAX LAWS AND REGULATIONS APPLICABLE TO THE ISSUANCE OF THE SIGN-ON SHARES ARE COMPLICATED AND ARE SUBJECT TO CHANGE. THE RECIPIENT ACKNOWLEDGES THAT HE HAS BEEN ADVISED BY THE COMPANY TO CONSULT A TAX ADVISER BEFORE
EXECUTING THIS AGREEMENT AND ACCEPTING THE SIGN-ON SHARES AND HAS EITHER DONE SO OR HAS FREELY AND KNOWINGLY CHOSEN NOT TO SEEK SUCH ADVICE. 
  
 (a) Section 83(b) Election. To the extent some of the Sign-On Shares acquired hereunder are not vested pursuant to the vesting schedule set forth
in Section 3, then the Recipient understands that under Internal Revenue Code Section 83, the excess of the fair market value of the any such shares on the date any forfeiture restrictions applicable to the shares lapse over the price paid
for such shares (if any) will be reportable as ordinary income on the lapse date and subject to applicable income tax and employment tax withholding. The Recipient understands that he may elect under Code Section 83(b) to be taxed at the time the
Sign-On Shares are acquired hereunder, rather than when and as the Sign-On Shares cease to be subject to the forfeiture restrictions. Such election (the “83(b) Election”) must be filed with the Internal Revenue Service within thirty
(30) days after the date the Sign-On Shares are acquired. If the 83(b) Election is made, the excess of the fair market value of the Sign-On Shares on the date received by the Recipient over the price paid for the Sign-On Shares (if any) will be
reportable as ordinary income and subject to applicable income tax and employment tax withholding. THE FORM FOR MAKING THIS 83(b) ELECTION IS ATTACHED AS EXHIBIT B HERETO. THE RECIPIENT ACKNOWLEDGES THAT IT IS THE RECIPIENT’S SOLE
RESPONSIBILITY, AND NOT THE COMPANY’S, TO TIMELY FILE AN 83(b) ELECTION. THE RECIPIENT UNDERSTANDS THAT FAILURE TO MAKE THIS FILING WITHIN THE APPLICABLE THIRTY (30)-DAY PERIOD MAY RESULT IN THE RECOGNITION OF ORDINARY INCOME BY THE RECIPIENT
AS THE FORFEITURE RESTRICTIONS LAPSE. 
  

 5 

 (b) The Recipient hereby represents that he intends to file an election pursuant to Section 83(b), the
form of which is attached hereto as Exhibit B, with the Internal Revenue Service within thirty (30) days following the issuance of the Sign-On Shares hereunder, and a copy of such election with his federal tax return for the calendar year in
which the date of this Agreement falls. The Recipient agrees to provide the Company with a copy of any timely 83(b) Election. If Recipient makes a timely 83(b) Election, the Recipient shall immediately pay Company the amount necessary to satisfy any
applicable federal, state, and local income and employment tax withholding requirements. If Recipient does not make a timely 83(b) Election, Recipient shall, either at the time that the restrictions lapse under this Agreement or at the time
withholding is otherwise required by any applicable law, pay the Company the amount necessary to satisfy any applicable federal, state, and local income and employment tax withholding requirements. 
  
 11. Registration Rights. 
  
 (a) Definitions. For purposes of this Section 11: 

 
 (i) The term “Act” means the Securities Act of 1933, as
amended. 
  
 (ii) The term “Form S-3” means such form
under the Act as in effect on the date hereof or any registration form under the Act subsequently adopted by the SEC that permits inclusion or incorporation of substantial information by reference to other documents filed by the Company with the
SEC. 
  
 (iii) The term “1934 Act” means the Securities
Exchange Act of 1934, as amended. 
  
 (iv) The term
“register,” “registered,” and “registration” refer to a registration effected by preparing and filing a registration statement or similar document in compliance with the Act, and the declaration or ordering of
effectiveness of such registration statement or document. 
  
 (v)
The term “Registrable Securities” means (i) the Sign-On Shares, and (ii) any Common Stock of the Company issued as (or issuable upon the conversion or exercise of any warrant, right or other security that is issued as) a dividend or other
distribution with respect to, or in exchange for, or in replacement of, the Sign-On Shares. 
  
 (vi) The term “SEC” shall mean the Securities and Exchange Commission. 
  
 (b) Company Registration. 
  
 (i) If (but without any obligation to do so) the Company proposes to register (including for this purpose a registration effected by the Company for
stockholders other than the Recipient) any of its stock or other securities under the Act in connection with the public 

  

 6 

 
offering of such securities (other than a registration relating solely to the sale of securities to participants in a Company stock plan, including on Form
S-8 or any similar form under the Act, a registration relating to a corporate reorganization or other transaction under Rule 145 of the Act, a registration on any form that does not include substantially the same information as would be required to
be included in a registration statement covering the sale of the Registrable Securities, or a registration covering shares issuable upon exercise of a convertible security), the Company shall, at such time, promptly give the Recipient written notice
of such registration. Upon the written request of Recipient given within twenty (20) days after mailing of such notice by the Company, the Company shall, subject to Section 11(b)(ii), use commercially reasonable efforts to cause to be
registered under the Act all of the Registrable Securities that Recipient has requested to be registered. 
  
 (ii) Right to Terminate Registration. The Company shall have the right to terminate or withdraw any registration initiated by it under this
Section 11(b) prior to the effectiveness of such registration whether or not the Recipient has elected to include securities in such registration. The expenses of such withdrawn registration shall be borne by the Company in accordance with
Section 11(f) hereof. 
  
 (c) Form S-3 Registration.
In case the Company shall receive from the Recipient a written request that the Company effect a registration on Form S-3 and any related qualification or compliance with respect to all of the Registrable Securities owned by the Recipient, the
Company shall use commercially reasonable efforts to effect, as soon as practicable, such registration and all such qualifications and compliances as may be so requested and as would permit or facilitate the sale and distribution of all of the
Recipient’s Registrable Securities, provided, however, that the Company shall not be obligated to effect any such registration, qualification or compliance, pursuant to this Section 11(c): 
  
 (i) if Form S-3 is not available for such offering by the Recipient;

  
 (ii) if the Company shall furnish to the Recipient a
certificate signed by the Chairman of the Board of the Company stating that in the good faith judgment of the Board of Directors of the Company, it would be seriously detrimental to the Company and its stockholders for such Form S-3 registration to
be effected at such time, in which event the Company shall have the right to defer the filing of the Form S-3 registration statement for a period of not more than 180 days after receipt of the request of the Recipient under this Section
11(c); 
  
 (iii) if the Company has already effected one
registration on Form S-3 for the Recipient pursuant to this Section 11(c); or 
  
 (iv) in any particular jurisdiction in which the Company would be required to qualify to do business, where not otherwise required, or to execute a general consent to service of process in effecting such registration,
qualification or compliance. 
  

 7 

 (d) Obligations of the Company. Whenever required under this Section 11 to effect the
registration of any Registrable Securities, the Company shall, as expeditiously as reasonably possible: 
  
 (i) prepare and file with the SEC a registration statement with respect to such Registrable Securities and use commercially reasonable efforts to cause
such registration statement to become effective, and, upon the request of the Recipient, keep such registration statement effective for a period of up to 60 days or, if earlier, until the distribution contemplated in the registration statement has
been completed, provided, that to the extent the Company effects the registration of the Registrable Securities on Form S-3 in accordance with Section 11(c), then the Company shall keep the registration statement effective until the
distribution contemplated in the registration statement has been completed (including the sale of Sign-On Shares that constitute Non-Vested Stock as of the effective date of such registration statement, provided that no shares of Non-Vested
Stock may be sold prior to being vested); 
  
 (ii) prepare and
file with the SEC such amendments and supplements to such registration statement and the prospectus used in connection with such registration statement as may be necessary to comply with the provisions of the Act with respect to the disposition of
all securities covered by such registration statement; 
  
 (iii)
furnish to the Recipient (i) a draft copy of the registration statement, and (ii) such numbers of copies of a prospectus, including a preliminary prospectus, in conformity with the requirements of the Act, and such other documents as it may
reasonably request in order to facilitate the disposition of Registrable Securities owned by him; 
  
 (iv) use commercially reasonable efforts to register and qualify the securities covered by such registration statement under such other securities or
“blue sky” laws of such jurisdictions as shall be reasonably requested by the Recipient, provided that the Company shall not be required in connection therewith or as a condition thereto to qualify to do business, where not
otherwise required, or to file a general consent to service of process in any such states or jurisdictions, unless the Company is already subject to service in such jurisdiction and except as may be required by the Act; 
  
 (v) in the event of any underwritten public offering, enter into and perform
its obligations under an underwriting agreement, in usual and customary form, with the managing underwriter of such offering. The Recipient shall also enter into and perform his obligations under such an agreement. In connection with any offering
involving an underwriting of shares of the Company’s capital stock, the Company shall not be required to include any of the Recipient’s securities in such underwriting unless he accept the terms of the underwriting as agreed upon between
the Company and the underwriters selected by the Company and enter into an underwriting agreement in customary form with an underwriter or underwriters selected by the Company; 
  
 (vi) notify the Recipient, at any time when a prospectus relating thereto is required to be delivered under the Act, of (i)
the issuance of any stop order by the SEC in respect of such registration statement, or (ii) the happening of any event as a result of which the prospectus included in such registration statement, as then in effect, includes an untrue statement of a
material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing; 
  

 8 

 (vii) cause all such Registrable Securities registered pursuant hereunder to be listed on each
securities exchange on which similar securities issued by the Company are then listed; and 
  
 (viii) provide a transfer agent and registrar for all Registrable Securities registered pursuant hereunder and a CUSIP number for all such Registrable Securities, in each case not later than the effective date of such
registration. 
  
 (e) Information from the Recipient. It
shall be a condition precedent to the obligations of the Company to take any action pursuant to this Section 11 with respect to the Registrable Securities that the Recipient shall furnish to the Company such information regarding himself, the
Registrable Securities held by him, and the intended method of disposition of such securities as shall be reasonably required to effect the registration of the Registrable Securities. 
  
 (f) Expenses of Registration. All expenses other than underwriting discounts and commissions incurred in connection
with registrations, filings or qualifications pursuant to this Section 11, including, without limitation, all registration, filing and qualification fees (including “blue sky” fees), printers’ and accounting fees, fees and
disbursements of counsel for the Company (including fees and disbursements of counsel for the Company in its capacity as counsel to the Recipient hereunder; if Company counsel does not make itself available for this purpose, the Company will pay the
reasonable fees and disbursements of one counsel for the Recipient not to exceed $10,000) shall be borne by the Company. Notwithstanding the foregoing, the Company shall not be required to pay for any expenses of any registration proceeding begun
pursuant to Section 11(c) if the registration request is subsequently withdrawn at the request of the Recipient (in which case the Recipient shall bear such expenses). 
  
 (g) Indemnification. In the event any Registrable Securities are included in a registration statement under this
Section 11: 
  
 (i) To the extent permitted by law, the
Company will indemnify and hold harmless the Recipient, legal counsel and accountants for the Recipient, any underwriter (as defined in the Act) for the Recipient and each person, if any, who controls the underwriter, within the meaning of the Act
or the 1934 Act, against any losses, claims, damages or liabilities (joint or several) to which they may become subject under the Act, the 1934 Act or any state securities laws, insofar as such losses, claims, damages or liabilities (or actions in
respect thereof) arise out of or are based upon any of the following statements, omissions or violations (collectively a “Violation”): (i) any untrue statement or alleged untrue statement of a material fact contained in such
registration statement, including any preliminary prospectus or final prospectus contained therein or any amendments or supplements thereto, (ii) the omission or alleged omission to state therein a material fact required to be stated therein, or
necessary to make the statements therein not misleading, or (iii) any violation or alleged violation by the Company of the Act, the 1934 Act, any state securities laws or any rule or regulation promulgated under the Act, the 1934 Act or any state
securities laws; and the Company will reimburse each of the Recipient, counsel, accountant, underwriter or controlling person for any legal or other expenses reasonably incurred by them in connection with investigating or defending any such loss,
claim, damage, liability or action as such expenses are incurred; 

  

 9 

 
provided, however, that the indemnity agreement contained in this Section 11(g)(i) shall not apply to amounts paid in settlement of any
such loss, claim, damage, liability or action if such settlement is effected without the consent of the Company (which consent shall not be unreasonably withheld), nor shall the Company be liable in any such case for any such loss, claim, damage,
liability or action to the extent that it arises out of or is based upon a Violation that occurs in reliance upon and in conformity with information furnished expressly for use in connection with such registration by any of the Recipient, counsel,
accountant, underwriter or controlling person; provided further, however, that the foregoing indemnity agreement with respect to any preliminary prospectus shall not inure to the benefit of the Recipient, counsel, accountant, or
underwriter, or any person controlling such underwriter, from whom the person asserting any such losses, claims, damages or liabilities purchased shares in the offering, if a copy of the prospectus (as then amended or supplemented if the Company
shall have furnished any amendments or supplements thereto) was not sent or given by or on behalf of the Recipient or underwriter to such person, if required by law so to have been delivered, at or prior to the written confirmation of the sale of
the shares to such person, and if the prospectus (as so amended or supplemented) would have cured the defect giving rise to such loss, claim, damage or liability. 
  
 (ii) To the extent permitted by law, the Recipient will indemnify and hold harmless the Company, each of its directors,
each of its officers who has signed the registration statement, each person, if any, who controls the Company within the meaning of the Act, legal counsel and accountants for the Company, any underwriter, any other stockholder selling securities in
such registration statement and any controlling person of any such underwriter or other stockholder, against any losses, claims, damages or liabilities (joint or several) to which any of the foregoing persons may become subject, under the Act, the
1934 Act or any state securities laws, insofar as such losses, claims, damages or liabilities (or actions in respect thereto) arise out of or are based upon any untrue statement of a material fact contained in such registration statement, including
any preliminary prospectus or final prospectus contained therein or any amendments or supplements thereto or any omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, in
each case to the extent (and only to the extent) that such untrue statement or omission was made in reliance upon and in conformity with information furnished by the Recipient expressly for use in connection with such registration; and the Recipient
will reimburse any person intended to be indemnified pursuant to this Section 11(g)(ii) for any legal or other expenses reasonably incurred by such person in connection with investigating or defending any such loss, claim, damage, liability
or action; provided, however, that the indemnity agreement contained in this Section 11(g)(ii) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such settlement is effected
without the consent of the Recipient (which consent shall not be unreasonably withheld); provided, that in no event shall any indemnity under this Section 11(g)(ii) exceed the net proceeds from the offering received by the Recipient.

  
 (iii) Promptly after receipt by an indemnified party under
this Section 11(g) of actual knowledge of the commencement of any action (including any governmental action), such indemnified party will, if a claim in respect thereof is to be made against any indemnifying party under this Section
11(g), deliver to the indemnifying party a written notice of the commencement thereof and the indemnifying party shall have the right to participate in, and, to the extent the indemnifying party so desires, jointly with any other 

  

 10 

 
indemnifying party similarly noticed, to assume the defense thereof with counsel mutually satisfactory to the parties; provided, however, that
an indemnified party (together with all other indemnified parties that may be represented without conflict by one counsel) shall have the right to retain one separate counsel, with the fees and expenses to be paid by the indemnifying party, if
representation of such indemnified party by the counsel retained by the indemnifying party would be inappropriate due to actual or potential differing interests between such indemnified party and any other party represented by such counsel in such
proceeding. The failure to deliver written notice to the indemnifying party within a reasonable time of the commencement of any such action, if prejudicial to its ability to defend such action, shall relieve such indemnifying party of any liability
to the indemnified party under this Section 11(g) to the extent of such prejudice, but the omission to so deliver written notice to the indemnifying party will not relieve it of any liability that it may have to any indemnified party
otherwise than under this Section 11(g). 
  
 (iv) If the
indemnification provided for in this Section 11(g) is held by a court of competent jurisdiction to be unavailable to an indemnified party with respect to any loss, liability, claim, damage or expense referred to herein, then the indemnifying
party, in lieu of indemnifying such indemnified party hereunder, shall contribute to the amount paid or payable by such indemnified party as a result of such loss, liability, claim, damage or expense in such proportion as is appropriate to reflect
the relative fault of and the relative benefits received by the indemnifying party on the one hand and of the indemnified party on the other in connection with the statements or omissions that resulted in such loss, liability, claim, damage or
expense, as well as any other relevant equitable considerations, provided that no person guilty of fraud shall be entitled to contribution. The relative fault of the indemnifying party and of the indemnified party shall be determined by
reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission to state a material fact relates to information supplied by the indemnifying party or by the indemnified party and the parties’
relative intent, knowledge, access to information, and opportunity to correct or prevent such statement or omission. The relative benefits received by the indemnifying party and the indemnified party shall be determined by reference to the net
proceeds and underwriting discounts and commissions from the offering received by each such party. 
  
 (v) Notwithstanding the foregoing, to the extent that the provisions on indemnification and contribution contained in the underwriting agreement entered
into in connection with the underwritten public offering are in conflict with the foregoing provisions, the provisions in the underwriting agreement shall control. 
  
 (vi) The obligations of the Company and the Recipient under this Section 11(g) shall survive the completion of any
offering of Registrable Securities in a registration statement under this Section 11, and otherwise. 
  
 (h) Assignment of Registration Rights. The rights to cause the Company to register Registrable Securities pursuant to this Section 11 may be
assigned (but only with all related obligations) by the Recipient to a transferee or assignee of such securities that is a member of the Recipient’s immediate family (i.e., spouse or child) or trust for the benefit of the Recipient,
provided: (i) the Company is, within a reasonable time after such transfer, furnished with written notice of the name and address of such transferee or assignee and the securities with 

  

 11 

 
respect to which such registration rights are being assigned; (ii) such transferee or assignee agrees in writing a copy of which writing is provided to the
Company at the time of transfer to be bound by and subject to the terms and conditions of this Agreement; and (iii) such assignment shall be effective only if immediately following such transfer the further disposition of such securities by the
transferee or assignee is restricted under the Act. 
  
 (i)
Termination of Registration Rights. The Recipient shall not be entitled to exercise any right provided for in this Section 11 after such time at which all Registrable Securities held by the Recipient can be sold in any ninety (90) day
period without registration in compliance with Rule 144 of the Act. 
  
 12. No Effect on Terms of Employment/Consulting Relationship. This Agreement shall not confer upon the Recipient any right with respect to the Recipient’s Continuous Service, nor shall it interfere in any way with his right or
the right of the Company to terminate the Recipient’s Continuous Service at any time, with or without cause, and with or without notice. 
  
 13. Distributions. The Company shall disburse to the Recipient all dividends, interest and other distributions paid or made in cash or property
(other than Additional Securities) with respect to the Sign-On Shares, less any applicable federal or state withholding taxes. 
  
 14. Entire Agreement. This Agreement shall constitute the entire agreement and understanding of the parties relating to the subject matter hereof
and shall supersede all agreements and understandings with respect to the subject matter hereof that have an effective date prior to this Agreement. 
  
 15. No Third-Party Beneficiaries. Nothing in this Agreement will be construed as giving any person, other than the parties and their successors and
permitted assigns, any right, remedy, or claim under or in respect of this Agreement. 
  
 16. Amendment; Waiver. This Agreement cannot be amended or changed, nor any performance, term, or condition waived in whole or in part, except by a writing signed by the party against whom enforcement of the
change or waiver is sought. Any term or condition of this Agreement may be waived at any time by the party hereto entitled to the benefit thereof, and any such term or condition may be modified at any time by an agreement in writing executed by each
of the parties hereto entitled to the benefit thereof. No delay or failure on the part of any party in exercising any rights hereunder, and no partial or single exercise thereof, will constitute a waiver of such rights or of any other rights
hereunder. 
  
 17. Successors. This Agreement shall be
binding upon and shall inure to the benefit of the parties hereto and their respective heirs, executors, administrators, successors and assigns. 
  
 18. Notices. All notices required or permitted hereunder shall be given and deemed effective in accordance with Section 7(h) of the Employment
Agreement. 
  
 19. Governing Law. The interpretation,
performance and enforcement of this Agreement shall be governed by the laws of the State of California, applicable to agreements made and to be performed entirely within such state. 
  

 12 

 20. Severability. If any provision of this Agreement, or the application thereof to any person,
place, or circumstance, shall be held by a court of competent jurisdiction to be invalid, unenforceable or void, the remainder of this Agreement and such provision as applied to other persons, places and circumstances shall remain in full force and
effect. 
  
 21. Counterparts. This Agreement may be
executed in counterparts, each of which shall be deemed an original, but all of which taken together shall constitute one and the same instrument. 
  
 [REMAINDER OF THE PAGE INTENTIONALLY LEFT BLANK] 
  

 13 

 IN WITNESS WHEREOF, the parties have executed this Restricted Stock Grant Agreement as of the date first
written above. 
  

			
	COMPANY
	
	 BRITESMILE, INC.,

	 a Utah corporation

		
	 By:
	 	 /s/ A. M. Pilaro

	 Name:
	 	 A. M. PILARO

	 Title:
	 	 Acting CEO and Chairman

	
	RECIPIENT
	
	 /s/ Gregg Coccari

	 Gregg Coccari

  
 SIGNATURE PAGE

 TO THE 
 RESTRICTED STOCK GRANT
AGREEMENT 
 (Gregg Coccari) 

 EXHIBIT A 
  

ASSIGNMENT SEPARATE FROM CERTIFICATE 
  
 FOR VALUE RECEIVED and pursuant to that certain Restricted Stock Grant Agreement dated January 9, 2005 between the undersigned and BriteSmile, Inc. (the
“Agreement”), the undersigned hereby sells, assigns and transfers to BriteSmile, Inc., a Utah corporation (the “Company”),
                                        
(            ) shares of the Common Stock of the Company, standing in his name on the books of the Company, represented by Certificate No.      herewith,
and does hereby irrevocably constitute and appoint                      attorney to transfer the said stock in the books of the Company with
full power of substitution. 
  
 Dated:
                     
  

	
	  

	signature
	
	  

	print name

  
 Instruction: Please do
not fill in any blanks other than the signature line. The purpose of this assignment is to enable the Company to enforce the forfeiture provisions set forth in the Agreement without requiring additional signatures. 

 EXHIBIT B 
  

ELECTION UNDER SECTION 83(b) 
 OF THE
INTERNAL REVENUE CODE OF 1986, AS AMENDED 
  
 The undersigned
taxpayer hereby elects, pursuant to the Internal Revenue Code, to include in gross income for 2005 the amount of any compensation taxable in connection with the taxpayer’s receipt of the property described below. 
  

	 	1.	The name, address, taxpayer identification number and taxable year of the undersigned are: 

  
 TAXPAYER’S NAME: ___________________________________________________________________________

  
 SPOUSE’S NAME:
______________________________________________________________________________ 
  
 TAXPAYER’S SOCIAL SECURITY NO.: ___________________________________________________________ 
  
 SPOUSE’S SOCIAL SECURITY NO.: ______________________________________________________________ 
  
 TAXABLE YEAR:
______________________________________________________________________________ 
  
 ADDRESS: ____________________________________________________________________________________ 
  

	 	2.	The property that is the subject of this election is: 160,000 shares of Common Stock (the “Stock”) of BriteSmile, Inc. (the “Company”).

  

	 	3.	The property was transferred to the undersigned on January 9, 2005. 

  

	 	4.	The property is subject to the following restriction: The Stock is subject to a risk of complete forfeiture if the taxpayer’s continuous service to the Company is voluntarily
terminated by taxpayer without good reason or if it is terminated by the Company for cause. The risk of forfeiture lapses as to one-half (1⁄2) of the Stock on January 9, 2006 and as to one-half (1⁄2) of the Stock on January 9, 2007.

  

	 	5.	The fair market value of the property at the time of transfer (determined without regard to any restriction other than a restriction which by its terms will never lapse) is:
$             per share x 160,000 shares = $            . 

  

	 	6.	The undersigned paid $0 for the property transferred. 

  
 The undersigned has submitted a copy of this statement to the person for whom the services were performed in connection with the undersigned’s
receipt of the above-described property. The undersigned taxpayer is the person performing the services in connection with the transfer of said property. 

 The undersigned will file this election with the Internal Revenue Service office in which he files his
annual income tax return not later than 30 days after the date of transfer of the property. A copy of the election also will be furnished to the person for whom the services were performed. Additionally, the undersigned will include a copy of the
election with his income tax return for the taxable year in which property is transferred. The undersigned understands that this election will also be effective as an election under California law. 
  

					
	 Dated:
                    
	 	 	 	  

	 	 	 	 	Taxpayer
	 The undersigned spouse of taxpayer joins in this election.

	 	 	 	 	  

	 Date:
                    
	 	 	 	Spouse of Taxpayer

  

 2

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