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Incentive Stock Option Agreement

The Grant Notice and this Agreement contain, together with the Plan, the entire agreement and understanding between the parties regarding the subject matter of the Contract and supersede all prior oral or written agreements and arrangements regarding the subject matter of this Agreement. No explanation, insurance, guarantee, insurance or agreement not expressly set forth in this Agreement, or I hereby make my incentive stock option to purchase shares (the «Shares») of the common shares of Jamba, Inc. (the «Company») at an exercise price of __ 200_. I pay the exercise price of the option for shares as follows: incentive stock options are treated more favourably taxably than uns qualified stock options, in part because they require the holder to hold the stock for a longer period. An incentive stock option (ISO) is a corporate benefit that gives an employee the right to buy shares at a discounted price with the additional bonus of a tax benefit. The benefit of incitive stock options is taxed at the capital gains rate, not at the highest rate for ordinary income.

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