Document:

Exhibit
10.3

 

SECOND
AMENDMENT

to

PRODUCT
& TRADEMARK LICENSE AGREEMENT

 

This
Second Amendment (“Second Amendment”) is entered into by Docklight Brands, Inc (“Docklight”) and New Age
Beverages Corporation (“New Age”) and is effective as of July 18, 2019.

 

WHEREAS,
Docklight and New Age are parties to a Product & Trademark License Agreement (“Agreement”) under which, among
other things, New Age is granted a license to use the Licensed Property in connection with the production and sale of Licensed
Products on the terms set forth in the Agreement; and

 

WHEREAS,
Agreement provides that, among other things, that New Age will pay Docklight a Licensee Fee of 50% of all Gross Margin as
defined in the Agreement; and

 

WHEREAS,
due to various considerations, it is deemed advisable that, on an interim basis, the Agreement be amended such that Docklight
will produce and sell the Licensed Products in its own name.

 

NOW,
THEREFORE, the parties agree as follows:

 

		1.	Capitalized
                                         terms used in this Second Amendment have the same meaning as defined in the Agreement.

 

		2.	Unless
                                         amended by this Second Amendment, the terms and conditions of the Agreement will remain
                                         in effect. The parties recognize that the obligations under the Agreement that are intended
                                         to apply to the manufacturer of Licensed Products; as such, Sections 4-8, would apply
                                         to Docklight under this Second Amendment, as it is the intended manufacturer and seller
                                         of the Licensed Products.

 

		3.	Subject
                                         to the terms and conditions of this Second Amendment and the Agreement, New Age hereby
                                         grants to Docklight for the term of this Second Amendment, an exclusive license to use,
                                         including all related Intellectual Property Rights (as that term is defined in the Agreement)
                                         1) its ready to drink tea recipes (“New Age IP”), and 2) its rights in the
                                         Licensed Property (including whatever rights New Age holds in the Marley Mellow Mood
                                         brand and trade dress) for the limited purpose of manufacturing, selling distributing,
                                         marketing and advertising Licensed Products bearing the Licensed Property as intended
                                         by the Agreement, except that as noted in Section 2, above Docklight shall assume the
                                         role of manufacturer for the duration of this Second Amendment.

 

		4.	Docklight
                                         will develop, manufacture, market, sell, advertise, and promote Licensed Products using
                                         its own name and branding and not using the name of existing or contemplated New Age
                                         products. Notwithstanding the above, New Age fully authorizes Docklight, during the term of this Second Amendment, to use and
                                         exploit its rights to use the name Marley Mellow Mood in connection with Licensed Products
                                         for no additional consideration beyond the considerations agreed to herein and in the
                                         Agreement.

 

    	 	 	 

    	 	 	 

    

 

		5.	Docklight
                                         will be responsible for regulatory matters, production, warehousing, distribution, invoicing,
                                         and collection related to the Licensed Products.

 

		6.	The
                                         parties agree that Docklight may assign its responsibilities under this Second Amendment
                                         to its wholly owned subsidiary, DB One, LLC.

 

		7.	The
                                         parties will mutually agree on the design, label, packaging, and taste of the Licensed
                                         Products.

 

		8.	As
                                         Docklight will be selling the Licensed Products, the License Fee obligation will be reversed
                                         such that Docklight will pay New Age a License Fee of 50% of Gross Margin as defined
                                         in, and under the terms and conditions of, the Agreement. Additionally, the definition,
                                         and calculation of Gross Margin shall also include the deduction of Docklight’
                                         s payment of trademark royalties to Marley Green, LLC for use of the Marley marks in
                                         connection with the Licensed Products. Joint pre-approved Marketing Costs and Freight
                                         Costs will continued be shared as set forth in the Agreement, Licensing Schedule.

 

		9.	The
                                         term of this Second Addendum will be 12 months. The Second Addendum may be renewed, for
                                         additional 90-day periods, upon written agreement of the parties. Either party may, upon
                                         90 days’ written notice, terminate this Second Amendment and cause the Agreement
                                         to revert back to its original intent, with New Age being the party that manufactures
                                         and sells Licensed Products under the Agreement. Although dependent on the regulatory
                                         environment regarding CBD, it is the parties’ desire and expectation to be able
                                         to revert back to the original intent within 18 months.

 

		10.	Effective
                                         upon execution of this Second Amendment, during the term of the Agreement and for six
                                         months thereafter the parties covenant to not induce or attempt to induce any person
                                         who is an employee, contractor, service provider, supplier, or consultant of the other
                                         party to engage in any employment or compensated activity which competes with the other
                                         party. Employee acknowledges that violation of this covenant of non solicitation would
                                         cause immediate and irreparable injury to the other party; therefore, in the event of
                                         an actual or threatened breach of this covenant, in addition to any other remedy allowed
                                         in law or equity, the other party shall be entitled to an injunction or restraining order
                                         injoining the party in breach from conduct prohibited by this section.

 

    	 	 	2

    	 	 	 

    

 

	DOCKLIGHT BRANDS,
    INC	 	NEW
    AGE BEVERAGES CORPORATION
		 	 
	/s/
    Damian Marano	 	 /s/
    Olivier Sonnois 
	Signature	 	Signature

 

	Print
Name: 	Damian Marano	 	Print Name:	Olivier
Sonnois
	Title:
    President	 	Title:
    President – North America

 

EXHIBIT

New
Age IP

 

Brand:
Marley Mellow Mood

 

Formulations
for 3 total SKUs previously provided to Docklight Brands, LLC in conjunction with Allen Flavors

 

Recipe
1: Herbal Honey + CBD

Recipe 2: Peach Raspberry + CBD

Recipe 3: Lemon Raspberry+ CBD

 

Brand
Devices:

 

    	 	 	3Exhibit 10.27

September 17, 2019

Rick Etskovitz

378 Dewsbury Place

Blue Bell,
PA 19422

Dear Rick:

As you know,
Astea International Inc. ("Astea" or the “Company") has accepted an offer from IFS AB to pursue a
transaction, which if consummated, will result in the acquisition of all of the Company's capital stock by IFS AB or a newly
created, wholly-owned subsidiary of IFS AB (the "Transaction").

 

Given your position
at Astea, you are a key employee and your continued presence and participation is important to complete the Transaction. Accordingly,
as it would be in the best interests of the Company to recognize the value of your past services to Astea and to incentivize and
encourage your active participation in continuing to work for Astea in order to complete the Transaction, Astea is offering to
pay you bonus compensation if you do not voluntarily terminate your employment with the Company and remain employed until the closing
of the Transaction has occurred.

 

To provide
incentive for you to remain employed with Astea until closing of the Transaction, you are eligible to be paid a bonus (the "Transaction
Bonus") in the amount of $100,000, less applicable withholding taxes, if you sign this letter, the Transaction closes, and
you remain employed in good standing with Astea through the closing of the Transaction. The Retention Bonus will be paid as part
of closing on the Transaction by or on behalf of Astea; IFS AB has no obligation to pay you the Transaction Bonus.

 

As a condition of
being entitled to receive the Transaction Bonus, you will continue to perform the duties of your position during the Transaction
process, including any additional duties that will relate to the Transaction. You will forfeit your right to the Transaction Bonus
if you voluntarily resign your employment (or are terminated for cause) before the closing of the Transaction.

 

The Transaction Bonus
is separate and apart from and does not affect any other benefits which you may have from and with the Company.

 

I hope that
these enhancements will help alleviate some of the uncertainty that you may have surrounding developments at Astea. I trust that
it will also help to motivate you to continue to maintain a high level of performance as we go through this period of change and
transition. I look forward to you continuing with Astea, and I hope that you will assist in making the transition as smooth as
possible.

If you have
any questions, please contact me. A signed and dated copy of this letter agreement must be returned to me on or before September
30, 2019, in order for you to be eligible to receive the Transaction Bonus.

 

Sincerely,

/s/ Zack Bergreen 

 

Accepted
and Agreed By:

/s/
Rick Etskovitz  Date: 9/24/19

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