On of our product lines is a "spectrum" of supplements. The bottle labels were tied to different colors of the rainbow. So, I like the circle of leaves in #2 because it gives us a potential tie in (we can put an individual colored leaf next to the product name). We could also just pull the top part of the B in #2 for the same effect.
The "oasis" part of #2 seems to be a little lost though. Not sure how to fix that. We like the oasis part of #1.