Caribou Coffee Company, Inc. 3900 Lakebreeze Avenue N. Minneapolis, MN 55446 October 29, 2008Investment Agreement • October 29th, 2008 • Caribou Coffee Company, Inc. • Retail-eating & drinking places
This letter agreement sets forth your agreement to invest in shares of Caribou Coffee Company, Inc. (“Caribou”), common stock, par value $0.01 per share (“Common Stock”). You hereby agree to purchase (in the open market) shares of Common Stock with an aggregate purchase price of at least $25,000 with such purchase(s) to be made at the market price no later than the end of the first trading window of at least ten (10) days occurring in calendar year 2009, subject to approval by Caribou’s general counsel applying standard Caribou policies and procedures. As soon as practical after you have completed your purchase of the required amount of Common Stock, Caribou will grant you shares of restricted stock under Caribou’s 2005 Equity Incentive Plan in an amount equal to the same number of shares of Common Stock that you purchase during these window trading periods, up to a maximum of 25,000 shares of restricted stock. This restricted stock shall be subject to a four year (25% per year) vestin
