Execution Version

AMENDMENT NO. 1

TO

ASSET PURCHASE AGREEMENT

October 28, 2016

This Amendment No. 1 (this “Amendment”) to that certain Asset Purchase Agreement (the “Purchase Agreement”), dated as of October 18, 2016, by and among Cosi, Inc., a Delaware corporation, Hearthstone Partners, LLC, a Massachusetts limited liability company, Hearthstone Associates, LLC, a Massachusetts limited liability company, Xando Cosi Maryland, Inc., a Maryland corporation, and Cosi Sandwich Bar, Inc., a Delaware corporation (each a “Seller” and collectively, the “Sellers”), and LIMAB LLC, a Delaware limited liability company (the “Purchaser”). Capitalized terms used and not defined herein shall have the meanings specified in the Purchase Agreement.

RECITALS

WHEREAS, Section 10.08 of the Purchase Agreement provides that the Purchase Agreement may be amended, modified or supplemented by written agreement of the Purchaser and the Sellers (the “Parties”); and

WHEREAS, for the purpose of having dates in the Purchase Agreement consistent with the extensions of time agreed to by the Parties and contemplated by the Bidding Procedures approved by the Bankruptcy Court on October 20, 2016, the Parties desire to amend the Purchase Agreement as set forth below.

AGREEMENT

NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and agreements set forth herein and for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and intending to be legally bound hereby, the Parties do hereby agree to amend the Purchase Agreement as follows:

1.           The definition of “DIP Financing Order” is amended to replace “October 20, 2016” with “October 31, 2016”.

2.           The definition of “Termination Date” is amended to replace “November 30, 2016” with “December 14, 2016”.

3.           Section 2.12(c) of the Purchase Agreement is amended to replace (a) “November 14, 2016” with “November 28, 2016”, (b) “November 18, 2016” with “December 2, 2016” and (c) “November 22, 2016” with “December 6, 2016”.

4.           Section 5.17 of the Purchase Agreement is amended to replace “October 28, 2016” with “November 11, 2016”.

 

5.           Section 8.01(c) of the Purchase Agreement is amended to replace “November 4, 2016” with “November 18, 2016”.

6.           No Other Amendments. Except as expressly amended hereby, the Purchase Agreement is in all respects ratified and confirmed and all the terms, conditions, and provisions thereof shall remain in full force and effect. This Amendment is limited precisely as written and shall not constitute an amendment to any other term or condition of the Purchase Agreement or any of the documents referred to therein.

7.           Other Miscellaneous Terms. The provisions of Article X (General Provisions) of the Purchase Agreement shall apply mutatis mutandis to this Amendment, and to the Purchase Agreement as modified by this Amendment, taken together as a single agreement, reflecting the terms as modified hereby.

Signature Pages Follow.

 

IN WITNESS WHEREOF, this Amendment has been duly executed and delivered by the undersigned as of the date first written above.

Signature Page to Amendment No. 1 to Asset Purchase Agreement

 

IN WITNESS WHEREOF, this Amendment has been duly executed and delivered by the undersigned as of the date first written above.

Signature Page to Amendment No. 1 to Asset Purchase Agreement

 

 

---