Document:

Exhibit 4.4

 

WARRANT AGENT AGREEMENT

 

This WARRANT AGENT AGREEMENT
(this “Warrant Agreement”) dated as of December 10, 2021 (the “Issuance Date”) is between Cingulate
Inc. a Delaware corporation (the “Company”), and Computershare Inc., a Delaware corporation (“Computershare”),
and its affiliate, Computershare Trust Company, N.A., a federally chartered trust company (collectively, the “Warrant
Agent”).

 

WHEREAS, pursuant to the terms
of that certain Underwriting Agreement (“Underwriting Agreement”), dated December 7, 2021, by and among the Company
and Aegis Capital Corp., as the representative (the “Representative”) of the underwriters set forth therein, the Company
is engaged in a public offering of 4,791,665 units (each, a “Unit”), including 624,999 Units that may be sold pursuant
to the over-allotment option granted by the Company, with each Unit consisting of (A) one share of common stock, par value $0.0001 per
share, of the Company (the “Common Stock”), and (B) a warrant to purchase one share of Common Stock at an exercise
price of $6.00 (representing 100% of the per Unit offering price set forth on the cover page of the prospectus included in the Registration
Statement) (each, a “Warrant”);

 

WHEREAS, the Company has filed
with the Securities and Exchange Commission (the “Commission”) a Registration Statement on Form S-1 (File No. 333-259408)
(as the same may be amended from time to time, the “Registration Statement”), for the registration under the Securities
Act of 1933, as amended (the “Securities Act”), of the sale of the Units, shares of Common Stock, Warrants, shares
underlying the Warrants, Representative’s Warrants (as defined therein), and shares underlying the Representatives’ Warrants,
and such Registration Statement was declared effective on December 7, 2021; and

 

WHEREAS, the Company desires the
Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in accordance with the terms set forth in this
Warrant Agreement in connection with the issuance, registration, transfer, exchange and exercise of the Warrants;

 

WHEREAS, the Company desires to
provide for the provisions of the Warrants, the terms upon which they shall be issued and exercised, and the respective rights, limitation
of rights, and immunities of the Company, the Warrant Agent, and the holders of the Warrants; and

 

WHEREAS, all acts and things have
been done and performed which are necessary to make the Warrants the valid, binding and legal obligations of the Company, and to authorize
the execution and delivery of this Warrant Agreement.

 

NOW, THEREFORE, in consideration
of the mutual agreements herein contained, the parties hereto agree as follows:

 

1. Appointment of Warrant Agent. The Company
hereby appoints the Warrant Agent to act as agent for the Company with respect to the Warrants, and the Warrant Agent hereby accepts such
appointment and agrees to perform the same in accordance with the express terms and conditions set forth in this Warrant Agreement (and
no implied terms or conditions).

 

2. Warrants.

 

2.1. Form of Warrants.
The Warrants shall be registered securities and shall be evidenced by a global warrant (“Global Warrant”) in the form
of Exhibit A to this Warrant Agreement, which shall be deposited on behalf of the Company with a custodian for The Depository Trust
Company (“DTC”) and registered in the name of Cede & Co., as nominee of DTC. The terms of the Global Warrant are
incorporated herein by reference. If DTC subsequently ceases to make its book-entry settlement system available for the Warrants, the
Company may instruct the Warrant Agent regarding making other arrangements for book-entry settlement. In the event that the Warrants are
not eligible for, or it is no longer necessary to have the Warrants available in, book-entry form, the Company may instruct the Warrant
Agent to provide written instructions to DTC to deliver to the Warrant Agent for cancellation the Global Warrant, and the Company shall
instruct the Warrant Agent to deliver to each holder of the Warrants separate certificates evidencing Warrants (“Definitive Certificates”
and, together with the Global Warrant, “Warrant Certificates”) registered as requested through the DTC system. In the
event Definitive Certificates are delivered to the Holders, the transfer, exchange or exercise of the Warrants shall be conducted in accordance
with the customary procedures of the Warrant Agent. The Company shall use its commercially reasonable best efforts to enable the Warrants
be “DTC eligible” so that the interests in the Warrants may be held in book-entry through DTC for the term of the Warrants.

 

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2.2. Issuance and Registration
of Warrants.

 

2.2.1. Warrant Register.
Upon the receipt of all relevant information from the Company or its agents, the Warrant Agent shall maintain books (“Warrant
Register”) for the registration of original issuance and the registration of transfer of the Warrants.

 

2.2.2. Issuance of Warrants.
Upon the initial issuance of the Warrants, the Warrant Agent shall issue the Global Warrant and deliver the Warrants in the DTC book-entry
settlement system in accordance with written instructions delivered to the Warrant Agent by the Company. Ownership of security entitlements
in the Warrants shall be shown on, and the transfer of such ownership shall be effected through, records maintained (i) by DTC and (ii)
by institutions that have accounts with DTC (each, a “Participant”).

 

2.2.3. Beneficial Owner; Holder.
Prior to due presentment for registration of transfer of any Warrant, the Company and the Warrant Agent may deem and treat the Person
(as such term is defined in the Global Warrant) in whose name that Warrant shall be registered on the Warrant Register (the “Holder”,
which shall include, if the Warrants are held in “street name”, a Participant or a designee appointed by such Participant)
as the absolute owner of such Warrant for purposes of any exercise thereof, and for all other purposes, and neither the Company nor the
Warrant Agent shall be affected by any notice to the contrary. Notwithstanding the foregoing, nothing herein shall prevent the Company,
the Warrant Agent or any agent of the Company or the Warrant Agent from giving effect to any written certification, proxy or other authorization
furnished by DTC governing the exercise of the rights of a holder of a beneficial interest in any Warrant. The rights of beneficial owners
in a Warrant evidenced by the Global Warrant shall be exercised by the Holder or a Participant through the DTC system, except to the extent
set forth herein or in the Global Warrant.

 

2.2.4. Delivery of Warrant Certificate.
A Holder has the right to elect at any time or from time to time a Warrant Exchange (as defined below) pursuant to a Warrant Certificate
Request Notice (as defined below). Upon written notice by a Holder to the Warrant Agent for the exchange of some or all of such Holder’s
Global Warrants for a Warrant Certificate evidencing the same number of Warrants, which request shall be in the form attached hereto as
Exhibit B (a “Warrant Certificate Request Notice” and the date of delivery of such Warrant Certificate Request
Notice by the Holder, the “Warrant Certificate Request Notice Date” and the deemed surrender upon delivery by the Holder
of a number of Global Warrants for the same number of Warrants evidenced by a Warrant Certificate, a “Warrant Exchange”),
the Warrant Agent shall promptly effect the Warrant Exchange and shall promptly issue and deliver to the Holder a Warrant Certificate
for such number of Warrants in the name set forth in the Warrant Certificate Request Notice. Such Warrant Certificate shall be dated the
date of issuance of the Warrant Certificate, shall include the initial exercise date of the Warrants, shall be executed by an authorized
signatory of the Company and shall be reasonably acceptable in all respects to such Holder. In connection with a Warrant Exchange, the
Company agrees to deliver, or to direct the Warrant Agent to deliver, the Warrant Certificate to the Holder within three (3) Business
Days (as defined in the Global Warrant) of the Warrant Certificate Request Notice pursuant to the delivery instructions in the Warrant
Certificate Request Notice (“Warrant Certificate Delivery Date”). If the Company fails for any reason to deliver to
the Holder the Warrant Certificate subject to the Warrant Certificate Request Notice by the Warrant Certificate Delivery Date, the Company
shall pay to the Holder, in cash, as liquidated damages and not as a penalty, for each $1,000 of Shares of Common Stock issuable upon
exercise of the Warrants (the “Warrant Shares”) evidenced by such Warrant Certificate (based on the VWAP (as defined
in the Warrants) of the Common Stock on the Warrant Certificate Request Notice Date), $10 per Business Day for each Business Day after
such Warrant Certificate Delivery Date until such Warrant Certificate is delivered or, prior to delivery of such Warrant Certificate,
the Holder rescinds such Warrant Exchange. The Warrant Agent shall have no liability for the Company’s failure to deliver to the
Holders the Warrant Certificate as set forth in this Section 2.2.4. The Company covenants and agrees that, upon the date of delivery of
the Warrant Certificate Request Notice, the Holder shall be deemed to be the holder of the Warrant Certificate and, notwithstanding anything
to the contrary set forth herein, the Warrant Certificate shall be deemed for all purposes to contain all of the terms and conditions
of the Warrants evidenced by such Warrant Certificate and the terms of this Warrant Agreement.

 

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2.2.5. Execution. The Warrant
Certificates shall be executed on behalf of the Company by any authorized officer of the Company (an “Authorized Officer”),
which need not be the same authorized signatory for all of the Warrant Certificates, either manually or by facsimile signature. The Warrant
Certificates shall be countersigned by an authorized signatory of the Warrant Agent, either by manual, electronic or facsimile signature,
which need not be the same signatory for all of the Warrant Certificates, and no Warrant Certificate shall be valid for any purpose unless
so countersigned. In case any Authorized Officer of the Company that signed any of the Warrant Certificates ceases to be an Authorized
Officer of the Company before countersignature by the Warrant Agent and issuance and delivery by the Company, such Warrant Certificates,
nevertheless, may be countersigned by the Warrant Agent, issued and delivered with the same force and effect as though the person who
signed such Warrant Certificates had not ceased to be such officer of the Company; and any Warrant Certificate may be signed on behalf
of the Company by any person who, at the actual date of the execution of such Warrant Certificate, shall be an Authorized Officer of the
Company authorized to sign such Warrant Certificate, although at the date of the execution of this Warrant Agreement any such person was
not such an Authorized Officer.

 

2.2.6. Registration of Transfer.
At any time at or prior to the Expiration Date (as defined below), a transfer of any Warrants may be registered and any Warrant Certificate
or Warrant Certificates may be split up, combined or exchanged for another Warrant Certificate or Warrant Certificates evidencing the
same number of Warrants as the Warrant Certificate or Warrant Certificates surrendered. Any Holder desiring to register the transfer of
Warrants or to split up, combine or exchange any Warrant Certificate shall make such request in writing delivered to the Warrant Agent,
and shall surrender to the Warrant Agent the Warrant Certificate or Warrant Certificates evidencing the Warrants the transfer of which
is to be registered or that is or are to be split up, combined or exchanged and, in the case of registration of transfer, shall provide
a signature guarantee by an “eligible guarantor institution” that is a member or participant in the Securities Transfer Agents
Medallion Program or other comparable “signature guarantee program”. Thereupon, the Warrant Agent shall countersign and deliver
to the Person entitled thereto a Warrant Certificate or Warrant Certificates, as the case may be, as so requested. The Company and the
Warrant Agent may require payment, by the Holder requesting a registration of transfer of Warrants or a split-up, combination or exchange
of a Warrant Certificate (but, for purposes of clarity, not upon the exercise of the Warrants and issuance of Warrant Shares to the Holder),
of a sum sufficient to cover any tax or governmental charge that may be imposed in connection with such registration of transfer, split-up,
combination or exchange, together with reimbursement to the Company and the Warrant Agent of all reasonable expenses incidental thereto.
The Warrant Agent shall not have any duty or obligation to take any action under any section of this Warrant Agreement that requires the
payment of taxes and/or charges unless and until it is satisfied that all such payments have been made.

 

2.2.7. Loss, Theft and Mutilation
of Warrant Certificates. Upon receipt by the Company and the Warrant Agent of evidence reasonably satisfactory to them of the loss,
theft, destruction or mutilation of a Warrant Certificate, and, in case of loss, theft or destruction, of indemnity or security reasonably
acceptable to the Warrant Agent and the Company, and reimbursement to the Company and the Warrant Agent of all reasonable expenses incidental
thereto, and upon surrender to the Warrant Agent and cancellation of the Warrant Certificate if mutilated, the Warrant Agent shall, on
behalf of the Company, countersign and deliver a new Warrant Certificate of like tenor to the Holder in lieu of the Warrant Certificate
so lost, stolen, destroyed or mutilated. The Warrant Agent may charge the Holder an administrative fee for processing the replacement
of lost Warrant Certificates, The Warrant Agent may receive compensation from the surety companies or surety agents for administrative
services provided to them.

 

2.2.8. Proxies. The Holder
of a Warrant may grant proxies or otherwise authorize any Person, including the Participants and beneficial holders that may own interests
through the Participants, to take any action that a Holder is entitled to take under this Warrant Agreement or the Warrants; provided,
however, that at all times that Warrants are evidenced by a Global Warrant, exercise of those Warrants shall be effected on their
behalf by Participants through DTC in accordance with the procedures administered by DTC.

 

2.2.9. Opinion of Counsel.
The Company shall provide to the Warrant Agent an opinion of counsel on or prior to the issuance of Warrants to set up a reserve of Warrant
Shares for the outstanding Warrants. The opinion shall state that all Warrants or Warrant Shares, as applicable, are, (i) registered
under the Securities Act of 1933, as amended, and (ii) validly issued, fully paid and non-assessable.

 

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3. Terms and Exercise of Warrants.

 

3.1. Exercise Price. Each
Warrant shall entitle the Holder, subject to the provisions of the applicable Warrant Certificate and of this Warrant Agreement, to purchase
from the Company the number of shares of Common Stock stated therein, at the price of $[__] per whole share, subject to the subsequent
adjustments provided in the Global Warrant. The term “Exercise Price” as used in this Warrant Agreement refers to the
price per share at which Shares of Common Stock may be purchased at the time a Warrant is exercised.

 

3.2. Duration of Warrants.
A Warrant may be exercised only during the period (“Exercise Period”) commencing on the date of issuance and ending
on the Termination Date. For purposes of this Warrant Agreement, the “Termination Date” shall have the meaning set
forth in the Global Warrant. Each Warrant not exercised on or before the Termination Date shall become void, and all rights thereunder
and all rights in respect thereof under this Warrant Agreement shall cease at the close of business on the Termination Date.

 

3.3. Exercise of Warrants.

 

3.3.1. Exercise. Subject
to the provisions of the Global Warrant and in accordance with the procedures of DTC, a Holder (or a Participant or a designee of a Participant
acting on behalf of a Holder) may exercise Warrants by delivering to the Warrant Agent, (i) not later than 5:00 P.M., Eastern Time, on
any Business Day during the Exercise Period a notice of exercise of the Warrants to be exercised (A) in the form attached as Annex A to
the Global Warrant or (B) via an electronic warrant exercise through the DTC system (each, an “Election to Purchase”)
, (ii) within one (1) Trading Day following the delivery of the Election to Purchase, Warrants to be exercised by (A) surrender of the
Warrant Certificate evidencing the Warrants to the Warrant Agent at its office designated for such purpose or (B) delivery of the Warrants
to an account of the Warrant Agent at DTC designated for such purpose in writing by the Warrant Agent to DTC from time to time, and (iii)
within the earlier of (A) two (2) Trading Days and (B) the number of Trading Days comprising the Standard Settlement Period (as defined
in the Global Warrant) following the date of exercise as aforesaid, the Exercise Price for each Warrant to be exercised (and, if applicable,
any taxes or charges due in connection with the exercise of such Warrants), in lawful money of the United States of America by (A) certified
or official bank check or wire transfer from a United States bank payable to the Warrant Agent or (B) payment to the Warrant Agent through
the DTC system, unless cashless exercise is applicable. Partial exercises of a Warrant resulting in purchases of a portion of the total
number of Warrant Shares available thereunder shall have the effect of lowering the outstanding number of Warrant Shares purchasable hereunder
in an amount equal to the applicable number of Warrant Shares purchased. Notwithstanding anything herein to the contrary, the Holder shall
not be required to physically surrender the Global Warrant to the Warrant Agent until the Holder has purchased all of the Warrant Shares
available hereunder and the Global Warrant has been exercised in full, in which case, the Holder shall surrender the Global Warrant to
the Company for cancellation within three (3) Trading Days of the date on which the final Election to Purchase is delivered to the Company.

 

3.3.2. The Warrant Agent shall,
by 5:00 p.m., New York City time, on the Trading Day following the Exercise Date of any Warrant, advise the Company, the transfer agent
and registrar for the Company’s Common Stock, in respect of (i) the number of Warrant Shares indicated on the Election to Purchase
as issuable upon such exercise with respect to such exercised Warrants, (ii) the instructions of the Holder or Participant, as the case
may be, provided to the Warrant Agent with respect to the delivery of the Warrant Shares and the number of Warrants that remain outstanding
after such exercise and (iii) such other information as the Company or such transfer agent and registrar shall reasonably request. The
Company shall issue the Warrant Shares in compliance with the terms of the Warrant. “Exercise Date” shall mean the date on
which the Election to Purchase is delivered to the Warrant Agent.

 

3.3.3. Valid Issuance. All
Warrant Shares issued by the Company upon the proper exercise of a Warrant in conformity with this Warrant Agreement shall be validly
issued, fully paid and non-assessable.

 

3.3.4. No Fractional Exercise.
Notwithstanding any provision contained in this Warrant Agreement to the contrary, no fractional shares or scrip representing fractional
shares shall be issued upon the exercise of the Warrant. As to any fraction of a share which the Holder would otherwise be entitled to
purchase upon such exercise, the Company shall, at its election, either pay a cash adjustment in respect of such final fraction in an
amount equal to such fraction multiplied by the Exercise Price or round up to the next whole share.

 

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3.3.5. No Transfer Taxes.
Neither the Company nor the Warrant Agent shall be required to pay any stamp or other tax or governmental charge required to be paid in
connection with any transfer involved in the issue of the Warrant Shares upon the exercise of Warrants; and in the event that any such
transfer is involved, the Company shall not be required to issue or deliver any Warrant Shares until such tax or other charge shall have
been paid or it has been established to the Company’s and the Warrant Agent’s satisfaction that no such tax or other charge
is due.

 

3.3.6. Date of Issuance.
The Company will treat an exercising Holder as a beneficial owner of the Warrant Shares as of the Exercise Date, and for purposes of Regulation
SHO, a holder whose interest in this Warrant is a beneficial interest in certificate(s) representing this Warrant held in book-entry form
through DTC shall be deemed to have exercised its interest in this Warrant upon instructing its broker that is a DTC participant to exercise
its interest in this Warrant, except that, if the Exercise Date is a date when the stock transfer books of the Company are closed, such
Person shall be deemed to have become the holder of such shares at the open of business on the next succeeding date on which the stock
transfer books are open.

 

3.3.7. Funds. The Warrant
Agent shall deposit all funds received by it in payment of the Exercise Price in the account maintained by the Warrant Agent in its name
as agent for the Company. The Warrant Agent shall forward funds received for warrant exercises in a given month by the fifth Business
Day of the following month by wire transfer to an account designated by the Company, or as otherwise from time to time as reasonably requested
by the Company. All funds received by Computershare under this Agreement that are to be distributed or applied by Computershare in the
performance of services hereunder (the “Funds”) shall be held by Computershare as agent for the Company and deposited in one
or more bank accounts to be maintained by Computershare in its name as agent for the Company. Until paid pursuant to the terms of this
Warrant Agreement, Computershare will hold the Funds through such accounts in: deposit accounts of commercial banks with Tier 1 capital
exceeding $1 billion or with an average rating above investment grade by S&P (LT Local Issuer Credit Rating), Moody’s (Long
Term Rating) and Fitch Ratings, Inc. (LT Issuer Default Rating) (each as reported by Bloomberg Finance L.P.). Computershare shall have
no responsibility or liability for any diminution of the Funds that may result from any deposit made by Computershare in accordance with
this Section 3.3.1(c), including any losses resulting from a default by any bank, financial institution or other third party. Computershare
may from time to time receive interest, dividends or other earnings in connection with such deposits. Computershare shall not be obligated
to pay such interest, dividends or earnings to the Company, any holder or any other party.

 

4. Adjustments. Upon every adjustment of the
Exercise Price or the number of Warrant Shares issuable upon exercise of a Warrant or any other adjustment pursuant to the terms of the
Warrants, the Company shall give written notice thereof to the Warrant Agent, which notice shall state the Exercise Price resulting from
such adjustment and the increase or decrease, if any, in the number of Warrant Shares purchasable at such price upon the exercise of a
Warrant, setting forth in reasonable detail the method of calculation and the facts upon which such calculation is based. Upon the occurrence
of any event specified in Section 3 of the Warrant, then, in any such event, the Company shall give written notice to each Holder, at
the last address set forth for such holder in the Warrant Register, as of the record date or the effective date of the event.. Failure
to give such notice, or any defect therein, shall not affect the legality or validity of such event. The Warrant Agent shall be entitled
to rely conclusively on, and shall be fully protected in relying on, any certificate, notice or instructions provided by the Company with
respect to any adjustment of the Exercise Price or the number of shares issuable upon exercise of a Warrant, or any related matter, and
the Warrant Agent shall not be liable for any action taken, suffered or omitted to be taken by it in accordance with any such certificate,
notice or instructions or pursuant to this Warrant Agreement. The Warrant Agent shall not be deemed to have knowledge of any such adjustment
unless and until it shall have received written notice thereof from the Company.

 

5. Restrictive Legends; Fractional Warrants.
In the event that a Warrant Certificate surrendered for transfer bears a restrictive legend, the Warrant Agent shall not register that
transfer until the Warrant Agent has received an opinion of counsel for the Company stating that such transfer may be made and indicating
whether the Warrants must also bear a restrictive legend upon that transfer. The Warrant Agent shall not be required to effect any registration
of transfer or exchange which will result in the transfer of or delivery of a Warrant Certificate for a fraction of a Warrant.

 

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6. Other Provisions Relating to Rights of Holders
of Warrants.

 

6.1. No Rights as Stockholder.
Except as otherwise specifically provided herein, a Holder, solely in its capacity as a Holder of Warrants, shall not be entitled to vote
or receive dividends or be deemed the holder of share capital of the Company for any purpose, nor shall anything contained in this Warrant
Agreement be construed to confer upon a Holder, solely in its capacity as the registered holder of Warrants, any of the rights of a stockholder
of the Company or any right to vote, give or withhold consent to any corporate action (whether any reorganization, issue of stock, reclassification
of share capital, consolidation, merger, conveyance or otherwise), receive notice of meetings, receive dividends or subscription rights
or rights to participate in new issues of shares, or otherwise, prior to the issuance to the Holder of the Warrant Shares which it is
then entitled to receive upon the due exercise of Warrants.

 

6.2. Reservation of Common
Stock. The Company shall at all times reserve and keep available a number of its authorized but unissued Shares of Common Stock that
will be sufficient to permit the exercise in full of all outstanding Warrants issued pursuant to this Warrant Agreement.

 

7. Concerning the Warrant Agent and Other Matters.

 

7.1. Any instructions given to
the Warrant Agent orally, as permitted by any provision of this Warrant Agreement, shall be confirmed in writing by the Company as soon
as practicable. The Warrant Agent shall not be liable or responsible and shall be fully authorized and protected for acting, or failing
to act, in accordance with any oral instructions which do not conform with the written confirmation received in accordance with this Section
7.1.

 

7.2. (a) Whether or not any Warrants
are exercised, for the Warrant Agent’s services as agent for the Company hereunder, the Company shall pay to the Warrant Agent such
fees as may be separately agreed between the Company and Warrant Agent and the Warrant Agent’s out of pocket expenses in connection
with this Warrant Agreement, including, without limitation, the fees and expenses of the Warrant Agent’s counsel. While the Warrant
Agent endeavors to maintain out-of-pocket charges (both internal and external) at competitive rates, these charges may not reflect actual
out-of-pocket costs, and may include handling charges to cover internal processing and use of the Warrant Agent’s billing systems.
(b) All amounts owed by the Company to the Warrant Agent under this Warrant Agreement are due within 30 days of the invoice date. Delinquent
payments are subject to a late payment charge of one and one-half percent (1.5%) per month commencing 45 days from the invoice date. The
Company agrees to reimburse the Warrant Agent for any attorney’s fees and any other costs associated with collecting delinquent
payments. (c) No provision of this Warrant Agreement shall require Warrant Agent to expend or risk its own funds or otherwise incur any
financial liability in the performance of any of its duties under this Warrant Agreement or in the exercise of its rights.

 

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7.3. As agent for the Company hereunder the Warrant
Agent: (a) shall have no duties or obligations other than those specifically set forth herein or as may subsequently be agreed to in writing
by the Warrant Agent and the Company; (b) shall be regarded as making no representations and having no responsibilities as to the validity,
sufficiency, value, or genuineness of the Warrants or any Warrant Shares; (c) shall not be obligated to take any legal action hereunder;
if, however, the Warrant Agent determines to take any legal action hereunder, and where the taking of such action might, in its judgment,
subject or expose it to any expense or liability it shall not be required to act unless it has been furnished with an indemnity reasonably
satisfactory to it; (d) may rely on and shall be fully authorized and protected in acting or failing to act upon any certificate, instrument,
opinion, notice, letter, telegram, telex, email, facsimile transmission or other document or security delivered to the Warrant Agent and
believed by it to be genuine and to have been signed by the proper party or parties; (e) shall not be liable or responsible for any recital
or statement contained in the Registration Statement or any other documents relating thereto, this Warrant Agreement or any Warrant Certificate
except as to its countersignature thereof, or be required to verify the same, but all such statements and recitals are and shall be deemed
to have been made by the Company only; (f) shall not be liable or responsible for any failure on the part of the Company to comply with
any of its covenants and obligations relating to the Warrants, including without limitation obligations under this Warrant Agreement or
applicable securities laws; (g) may rely on and shall be fully authorized and protected in acting or failing to act upon the written,
telephonic or oral instructions with respect to any matter relating to its duties as Warrant Agent covered by this Warrant Agreement (or
supplementing or qualifying any such actions) of officers of the Company, and is hereby authorized and directed to accept instructions
with respect to the performance of its duties hereunder from the Company or counsel to the Company, and may apply to the Company, for
advice or instructions in connection with the Warrant Agent’s duties hereunder, and the Warrant Agent shall not be liable for any
delay in acting while waiting for those instructions; any applications by the Warrant Agent for written instructions from the Company
may, at the option of the Warrant Agent, set forth in writing any action proposed to be taken or omitted by the Warrant Agent under this
Warrant Agreement and the date on or after which such action shall be taken or such omission shall be effective; the Warrant Agent shall
not be liable for any action taken by, or omission of, the Warrant Agent in accordance with a proposal included in such application on
or after the date specified in such application (which date shall not be less than five (5) Business Days after the date such application
is sent to the Company, unless the Company shall have consented in writing to any earlier date) unless prior to taking any such action,
the Warrant Agent shall have received written instructions in response to such application specifying the action to be taken or omitted;
(h) may consult with counsel satisfactory to the Warrant Agent, including its in- house counsel, and the advice of such counsel shall
be full and complete authorization and protection in respect of any action taken, suffered, or omitted by it hereunder in the absence
of bad faith and in accordance with the advice of such counsel; (i) may perform any of its duties hereunder either directly or by or through
nominees, correspondents, designees, or subagents, and it shall not be liable or responsible for any act, omission, default, misconduct
or negligence on the part of any nominee, correspondent, designee, or subagent absent gross negligence or willful misconduct in the selection
and continued employment thereof (which gross negligence or willful misconduct must be determined by a final, non-appealable judgment
of a court of competent jurisdiction); (j) is not authorized, and shall have no obligation, to pay any brokers, dealers, or soliciting
fees to any Person; (k) shall not be required hereunder to comply with the laws or regulations of any country other than the United States
of America or any political subdivision thereof(l) (and any stockholder, affiliate, member, director, officer, agent, representative or
employee of the Warrant Agent) may buy, sell or deal in any of the Warrants, Warrant Shares or other securities of the Company or become
pecuniarily interested in any transaction in which the Company may be interested, or contract with or lend money to the Company or otherwise
act as fully and freely as though it were not the Warrant Agent under this Warrant Agreement, and nothing herein shall preclude the Warrant
Agent or any such stockholder, affiliate, director, member, officer, agent, representative or employee from acting in any other capacity
for the Company or for any other Person; and (m) shall not be required to take notice or be deemed to have notice of any event or condition
hereunder, including any event or condition that may require action by the Warrant Agent, unless the Warrant Agent shall be specifically
notified in writing of such event or condition by the Company, and all notices or other instruments required by this Warrant Agreement
to be delivered to the Warrant Agent must, in order to be effective, be received by the Warrant Agent as specified in Section 7.11 hereof,
and in the absence of such notice so delivered, the Warrant Agent may conclusively assume no such event or condition exists.

 

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7.4. (a) In the absence of gross
negligence or willful misconduct on its part (which gross negligence or willful misconduct must be determined by a final, non-appealable
judgment of a court of competent jurisdiction), the Warrant Agent shall not be liable for any action taken, suffered, or omitted by it
or for any error of judgment made by it in the performance of its duties under this Warrant Agreement. Anything in this Warrant Agreement
to the contrary notwithstanding, in no event shall Warrant Agent be liable for special, indirect, incidental, consequential or punitive
losses or damages of any kind whatsoever (including but not limited to lost profits), even if the Warrant Agent has been advised of the
possibility of such losses or damages and regardless of the form of action. Any liability of the Warrant Agent will be limited in the
aggregate to the amount of fees (but not reimbursed costs, charges or expenses) paid by the Company hereunder for the twelve (12) months
preceding the event for which recovery from the Warrant Agent is being sought. The Warrant Agent shall not be liable for any failures,
delays or losses, arising directly or indirectly out of conditions beyond its reasonable control including, but not limited to, acts of
government, exchange or market ruling, suspension of trading, work stoppages or labor disputes, fires, civil disobedience, riots, rebellions,
storms, electrical or mechanical failure, computer hardware or software failure, communications facilities failures including telephone
failure, war, terrorism, insurrection, earthquakes, floods, epidemics, pandemics, acts of God or similar occurrences. (b) In the event
any question or dispute arises with respect to the proper interpretation of the Warrants or the Warrant Agent’s duties under this
Warrant Agreement or the rights of the Company or of any Holder, the Warrant Agent shall not be required to act and shall not be held
liable or responsible for its refusal to act until the question or dispute has been judicially settled (and, if appropriate, it may file
a suit in interpleader or for a declaratory judgment for such purpose) by final judgment rendered by a court of competent jurisdiction,
binding on all Persons interested in the matter which is no longer subject to review or appeal, or settled by a written document in form
and substance satisfactory to Warrant Agent and executed by the Company and each such Holder. In addition, the Warrant Agent may require
for such purpose, but shall not be obligated to require, the execution of such written settlement by all the Holders and all other Persons
that may have an interest in the settlement.

 

7.5. The Company covenants to
indemnify the Warrant Agent and hold it harmless from and against any loss, liability, damage, judgment, fine, penalty, claim, demand,
settlement, cost or expense (including, without limitation, the reasonable fees and expenses of legal counsel) (“Loss”)
arising out of or in connection with the Warrant Agent’s duties under this Warrant Agreement, including the costs and expenses of
defending itself against any Loss, unless such Loss shall have been determined by a court of competent jurisdiction pursuant to a final,
non-appealable judgment to be a result of the Warrant Agent’s gross negligence or willful misconduct.

 

    	8

     

    

 

7.6. Unless terminated earlier
by the parties hereto, this Warrant Agreement shall terminate 90 days after the earlier of the Expiration Date and the date on which no
Warrants remain outstanding (the “Agreement Termination Date”). On the Business Day following the Agreement Termination
Date, the Agent shall deliver to the Company any entitlements, if any, held by the Warrant Agent under this Warrant Agreement. The Agent’s
rights under this Section 7 shall survive the expiration or termination of this Warrant Agreement and the resignation, removal or replacement
of the Warrant Agent.

 

7.7. If any provision of this
Warrant Agreement shall be held illegal, invalid, or unenforceable by any court, this Warrant Agreement shall be construed and enforced
as if such provision had not been contained herein and shall be deemed an Agreement among the parties to it to the full extent permitted
by applicable law; provided, however, that if such excluded provision shall adversely affect the rights, immunities, liabilities, duties
or obligations of the Warrant Agent, the Warrant Agent shall be entitled to resign immediately upon written notice to the Company.

 

7.8. The Company represents and
warrants that: (a) it is duly incorporated and validly existing under the laws of its jurisdiction of incorporation; (b) the offer and
sale of the Warrants and the execution, delivery and performance of all transactions contemplated thereby (including this Warrant Agreement)
have been duly authorized by all necessary corporate action and will not result in a breach of or constitute a default under the articles
of association, bylaws or any similar document of the Company or any indenture, agreement or instrument to which it is a party or is bound;
(c) this Warrant Agreement has been duly executed and delivered by the Company and constitutes the legal, valid, binding and enforceable
obligation of the Company; (d) the Warrants will comply in all material respects with all applicable requirements of law; and (e) to the
best of its knowledge, there is no litigation pending or threatened as of the date hereof in connection with the offering of the Warrants.

 

7.9. [RESERVED].

 

7.10. Set forth in Exhibit
C hereto is a list of the names and specimen signatures of the persons authorized to act for the Company under this Warrant Agreement
(the “Authorized Representatives”). The Company shall, from time to time, certify to you the names and signatures of
any other persons authorized to act for the Company under this Warrant Agreement. The Warrant Agent shall be fully authorized and protected
in relying upon the advice or instructions received from any such Authorized Representatives.

 

7.11. Except as expressly set
forth elsewhere in this Warrant Agreement, all notices, instructions and communications under this Warrant Agreement shall be in writing,
by overnight delivery service, first-class mail, postage prepaid, properly addressed and shall be effective upon receipt and shall be
addressed, if to the Company, to its address set forth beneath its signature to this Warrant Agreement, or, if to the Warrant Agent, to:

 

Computershare Inc.

Computershare Trust Company, N.A.

150 Royall Street

Canton, MA 02021

Attn: Client Services

 

or to such other address of which
a party hereto has notified the other party.

 

    	9

     

    

 

7.12. (a) This Warrant Agreement
shall be governed by and construed in accordance with the internal laws of the State of New York applicable to contracts made in that
state, without giving effect to any choice of law or conflict of law provision or rule that would cause the application of the laws of
any jurisdiction other than the State of New York. All actions and proceedings relating to or arising from, directly or indirectly, this
Warrant Agreement may be litigated in courts located within the Borough of Manhattan in the City and State of New York. The Company hereby
submits to the personal jurisdiction of such courts and consents that any service of process may be made by certified or registered mail,
return receipt requested, directed to the Company at its address last specified for notices hereunder. Each of the parties hereto hereby
waives the right to a trial by jury in any action or proceeding arising out of or relating to this Warrant Agreement. (b) This Warrant
Agreement shall inure to the benefit of and be binding upon the successors and assigns of the parties hereto. This Warrant Agreement may
not be assigned, or otherwise transferred, in whole or in part, by either party without the prior written consent of the other party,
which the other party will not unreasonably withhold, condition or delay; except that (i) consent is not required for an assignment or
delegation of duties by Warrant Agent to any affiliate of Warrant Agent and (ii) any reorganization, merger, consolidation, sale of assets
or other form of business combination by Warrant Agent or the Company shall not be deemed to constitute an assignment of this Warrant
Agreement. (c) No provision of this Warrant Agreement may be amended, modified or waived, except in a written document signed by the Company
and the Warrant Agent. The Company and the Warrant Agent may amend or supplement this Warrant Agreement without the consent of any Holder
for the purpose of curing any ambiguity, or curing, correcting or supplementing any defective provision contained herein or adding or
changing any other provisions with respect to matters or questions arising under this Warrant Agreement as the parties may deem necessary
or desirable and that the parties determine, in good faith, shall not adversely affect the interest of the Holders in any material respect.
All other amendments and supplements shall require the vote or written consent of Holders of at least 50.1% of the then outstanding Warrants,
provided that adjustments may be made to the Warrant terms and rights in accordance with Section 4 without the consent of the Holders.
As a condition precedent to the Warrant Agent executing any amendment or supplement, the Company shall deliver a certificate from an Authorized
Representative which states that the proposed supplement or amendment is in compliance with the terms of this Section 7.12(c). Notwithstanding
anything in this Warrant Agreement to the contrary, the Warrant Agent shall not be required to execute any supplement or amendment to
this Warrant Agreement that it has determined would adversely affect its own rights, duties, obligations or immunities under this Warrant
Agreement.

 

7.13. Payment of Taxes.
The Company will from time to time promptly pay all taxes and charges that may be imposed upon the Company or the Warrant Agent in respect
of the issuance or delivery of Warrant Shares upon the exercise of Warrants, but the Company may require the Holders to pay any transfer
taxes in respect of the Warrants or such shares. The Warrant Agent may refrain from registering any transfer of Warrants or any delivery
of any Warrant Shares unless or until the Persons requesting the registration or issuance shall have paid to the Warrant Agent for the
account of the Company the amount of such tax or charge, if any, or shall have established to the reasonable satisfaction of the Company
and the Warrant Agent that such tax or charge, if any, has been paid.

 

7.14. Resignation of Warrant
Agent.

 

7.14.1. Appointment of Successor
Warrant Agent. The Warrant Agent, or any successor to it hereafter appointed, may resign its duties and be discharged from all further
duties and liabilities hereunder after giving thirty (30) days’ notice in writing to the Company, or such shorter period of time
agreed to by the Company. The Company may terminate the services of the Warrant Agent, or any successor Warrant Agent, after giving thirty
(30) days’ notice in writing to the Warrant Agent or successor Warrant Agent, or such shorter period of time as agreed. In the event
any transfer agency relationship in effect between the Company and the Warrant Agent terminates, the Warrant Agent will be deemed to have
resigned automatically and be discharged from its duties under this Warrant Agreement as of the effective date of such termination. If
the office of the Warrant Agent becomes vacant by resignation, termination or incapacity to act or otherwise, the Company shall appoint
in writing a successor Warrant Agent in place of the Warrant Agent. If the Company shall fail to make such appointment within a period
of 30 days after it has been notified in writing of such resignation or incapacity by the Warrant Agent, then the Warrant Agent or any
Holder may apply to any court of competent jurisdiction for the appointment of a successor Warrant Agent at the Company’s cost.
Pending appointment of a successor to such Warrant Agent, either by the Company or by such a court, the duties of the Warrant Agent shall
be carried out by the Company. Any successor Warrant Agent (but not including the initial Warrant Agent), whether appointed by the Company
or by such court, shall be a Person organized and existing under the laws of any state of the United States of America, in good standing,
and authorized under such laws to exercise corporate trust powers and subject to supervision or examination by federal or state authority.
After appointment, any successor Warrant Agent shall be vested with all the authority, powers, rights, immunities, duties, and obligations
of its predecessor Warrant Agent with like effect as if originally named as Warrant Agent hereunder, without any further act or deed,
and except for executing and delivering documents as provided in the sentence that follows, the predecessor Warrant Agent shall have no
further duties, obligations, responsibilities or liabilities hereunder, but shall be entitled to all rights that survive the termination
of this Warrant Agreement and the resignation or removal of the Warrant Agent, including but not limited to its right to indemnity hereunder.
If for any reason it becomes necessary or appropriate or at the request of the Company, the predecessor Warrant Agent shall execute and
deliver, at the expense of the Company, an instrument transferring to such successor Warrant Agent all the authority, powers, and rights
of such predecessor Warrant Agent hereunder; and upon request of any successor Warrant Agent the Company shall make, execute, acknowledge,
and deliver at the expense of the Company any and all instruments in writing for more fully and effectually vesting in and confirming
to such successor Warrant Agent all such authority, powers, rights, immunities, duties, and obligations.

 

    	10

     

    

 

7.14.2. Notice of Successor Warrant
Agent. In the event a successor Warrant Agent shall be appointed, the Company shall give notice thereof to the predecessor Warrant
Agent and the transfer agent for the Common Stock not later than the effective date of any such appointment.

 

7.14.3. Merger or Consolidation
of Warrant Agent. Any Person into which the Warrant Agent may be merged or converted or with which it may be consolidated or any Person
resulting from any merger, conversion or consolidation to which the Warrant Agent shall be a party or any Person succeeding to the shareowner
services business of the Warrant Agent or any successor Warrant Agent shall be the successor Warrant Agent under this Warrant Agreement,
without any further act or deed.

 

8. Miscellaneous Provisions.

 

8.1. Persons Having Rights
under this Warrant Agreement. Nothing in this Warrant Agreement expressed and nothing that may be implied from any of the provisions
hereof is intended, or shall be construed, to confer upon, or give to, any Person other than the parties hereto any right, remedy, or
claim under or by reason of this Warrant Agreement or of any covenant, condition, stipulation, promise, or agreement hereof. The terms
of this Agreement are to be read in conjunction with the applicable terms of the Warrant Certificates. Notwithstanding anything to the
contrary contained herein, to the extent any provision of a Warrant Certificate conflicts with any provision of this Warrant Agreement,
the provision of the Warrant Certificate shall govern and be controlling, provided, however, that all provisions with respect to the rights,
duties, protections and liability of the Warrant Agent shall be determined and interpreted solely by the provisions of this Warrant Agreement.

 

8.2. Examination of the Warrant
Agreement. A copy of this Warrant Agreement shall be available at all reasonable times at the office of the Warrant Agent designated
for such purpose for inspection by any Holder. Prior to such inspection, the Warrant Agent may require any such holder to provide reasonable
evidence of its interest in the Warrants.

 

8.3. Counterparts. This
Warrant Agreement may be executed in any number of original, facsimile or electronic counterparts and each of such counterparts shall
for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument.

 

8.4. Effect of Headings.
The Section headings herein are for convenience only and are not part of this Warrant Agreement and shall not affect the interpretation
thereof.

 

8.5. Further Assurance.
The Company agrees that it will perform, execute, acknowledge and deliver or cause to be performed, executed, acknowledged and delivered
all such further and other acts, instruments and assurances as may reasonably be required or requested by the Warrant Agent for the carrying
out or performing by the Warrant Agent of the provisions of this Warrant Agreement.

 

9. Certain Definitions. As used herein, the
following terms shall have the following meanings:

 

		(a)	“Trading Day” means a day on which the Common Stock is traded on a Trading Market.

 

		(b)	“Trading Market” means any of the following markets or exchanges on which the Common
Stock is listed or quoted for trading on the date in question: the NYSE American, the Nasdaq Capital Market, the Nasdaq Global Market,
the Nasdaq Global Select Market, the New York Stock Exchange, OTCQB or OTCQX (or any successors to any of the foregoing).

 

    	11

     

    

 

IN WITNESS WHEREOF, this Warrant Agent Agreement has
been duly executed by the parties hereto as of the day and year first above written.

 

	 	

    CINGULATE
    INC.

	 	 	 
	 	By:	 
	 	Name:	Shane
    J. Schaffer
	 	Title:	Chief
    Executive Officer

 

		COMPUTERSHARE
                    INC., and 

    COMPUTERSHARE
    TRUST COMPANY, N.A. (for both parties)

	 	 	 
	 	By:	                        
	 	Name:	 
	 	Title:	 

 

    	12

     

    

 

EXHIBIT A

 

COMMON STOCK PURCHASE WARRANT

CINGULATE INC.

 

    	13

     

    

 

EXHIBIT B

 

WARRANT CERTIFICATE REQUEST

NOTICE

 

To: Computershare Inc. and Computershare Trust Company,
jointly, as Warrant Agent for Cingulate Inc. (the “Company”)

 

The undersigned Holder of Common Stock Purchase Warrants
(“Warrants”) in the form of Global Warrants issued by the Company hereby elects to receive a Warrant Certificate evidencing
the Warrants held by the Holder as specified below:

 

	1.	Name of Holder of Warrants in form of Global Warrants: ______________________________
	 	 
	2.	Name of Holder in Warrant Certificate (if different from name of Holder of Warrants in form of Global Warrants):
	 	 
	3.	Number of Warrants in name of Holder in form of Global Warrants: _____________________
	 	 
	4.	Number of Warrants for which Warrant Certificate shall be issued: ____________________
	 	 
	5.	Number of Warrants in name of Holder in form of Global Warrants after issuance of Warrant Certificate, if any:
	 	 
	6.	Warrant Certificate shall be delivered to the following address:

 

	 	 
	 	 
	 	 
	 	 

 

The undersigned hereby acknowledges and agrees that,
in connection with this Warrant Exchange and the issuance of the Warrant Certificate, the Holder is deemed to have surrendered the number
of Warrants in form of Global Warrants in the name of the Holder equal to the number of Warrants evidenced by the Warrant Certificate.

 

[SIGNATURE OF HOLDER]

 

Name of Investing Entity:  ___________________________________________________________________________

Signature of Authorized Signatory of Investing
Entity:   _____________________________________________________

Name of Authorized Signatory:  _______________________________________________________________________

Title of Authorized Signatory:  ________________________________________________________________________

Date:  __________________________________________________________________________________________

 

    	14

     

    

 

EXHIBIT C

 

AUTHORIZED REPRESENTATIVES

 

	Name	 	Title	 	Signature
	 	 	 	 	 
	Shane J. Shaffer	 	Chief Executive Officer	 	 
	 	 	 	 	 
	

    Louis Van Horn
	 	Chief Financial Officer	 	 
	 	 	 	 	 
	Craig Gilgallon	 	General Counsel	 	 

 

    	15EX-10.1

 Exhibit 10.1 

Certain identified information has been excluded from this exhibit because it is both (i) not material and (ii) treated as confidential by the
Registrant. 
 MUTUAL SEPARATION AGREEMENT AND RELEASE 

This Mutual Separation Agreement and Release (“Agreement”) is entered into by Michael J. Loparco (“You or Your”) and Jabil
Inc. (“Jabil”), (collectively, the “Parties”). The Parties desire to enter into an agreement that amicably resolves their employment relationship, and any disputes that may exist between them. Accordingly, in exchange for
good and valuable consideration, the receipt of which is hereby acknowledged, the Parties agree as follows: 
  

	1.	 Your Separation and Future Relationship. 

 

	 	A.	 Separation Date. Your last day of employment (“Separation Date”) is
November 30, 2022. You will satisfactorily perform assigned tasks through the Separation Date. During the period from March 1, 2022 to the Separation Date, You agree that You will make
Yourself available at reasonable times to assist Jabil in any transition issues arising from Your separation. 

  

	 	B.	 Officer / Director Resignation. If applicable, not later than the Separation Date or earlier date
designated by Jabil, You will resign in writing from all corporate officer and director positions associated with Your Jabil employment (if any) with immediate effect. 

 

	 	C.	 Property Return. Whether You enter into this Agreement or not, not later than the Separation Date, You
must return to Jabil all property in Your possession, custody or control which was obtained from Jabil or from any of its customers/potential customers, vendors/potential vendors, merger/acquisition candidates, employees, contractors or consultants
including but not limited to the originals and all copies of any documents, files, data or information (returned unaltered and unencrypted), notebooks, access cards, credit cards, passwords and file-access methods / protocols, computers / laptops /
PDAs (including all software and peripherals), cell phones, mobile computing devices, in any tangible, electronic or other form (“Property”). Upon Jabil’s request, You must promptly return all Property at any time prior to the
Separation Date. Jabil, in its sole discretion, may delay any payment otherwise due to You under this Agreement until You have complied with this paragraph; and notwithstanding such delay, You shall remain bound by Your other obligations in this
Agreement. 

  

	 	D.	 Bonus Eligibility. You are not eligible to receive a short-term incentive (“STI”) bonus in
respect of any fiscal year or period commencing on or after September 1, 2022. 

  

	 	E.	 Equity Awards. Jabil will abide by the terms of the award agreements (the “Award Agreements”)
for Your equity awards subject to Paragraph 2(A). You understand that the terms of the Award Agreements relating to any equity awards that are scheduled to vest in 2024 will not vest in the event that you commence employment with another employer
prior to October 22, 2022. 

  

	 	F.	 Insider Trading Restrictions. You understand that the federal “insider trading” securities
laws continue to apply to You notwithstanding any separation of employment from Jabil; that Jabil’s Insider Trading Policy and federal law prohibit You from trading in Jabil securities while in possession of material nonpublic information
concerning Jabil; and the prohibition against such trading continues to apply to You after leaving Jabil. Therefore, You agree to abide by the Jabil trading windows even after leaving Jabil, until such time as the insider information You possess, if
any, becomes public. 

  

	 	G.	 Wages / ESPP. Whether You enter into this Agreement or not, You will receive payment for all earned but
unpaid salary through the Separation Date and all Paid Time Off (“PTO”) days accrued but unused by 

  
 Page 1 of 14

	 	
You as of the Separation Date, according to Jabil’s PTO policy. Jabil will also provide the balance (if any) in Jabil’s Employee Stock Purchase Plan on the first regular payday after
the Separation Date, according to such plan’s terms and conditions. Except as stated in this Agreement or as required by law, all other compensation or benefits which relate to Your employment with Jabil will cease as of the Separation Date.

  

	 	H.	 401(k) Plan. Whether You enter into this Agreement or not, You will have the opportunity to elect the
timing of distribution of Your existing account balance in Jabil’s 401(k) plan, according to the terms and conditions of the plan; Jabil will not make any further contribution to Your 401(k) account after the Separation Date and You remain
responsible for repayment of any loans from the 401(k) account. 

  

	 	I.	 COBRA. Whether You enter into this Agreement or not, after the Separation Date, You may continue
applicable health benefit coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act (COBRA). Jabil or its delegate will provide You information regarding the election of COBRA at Your home address. 

 

	2.	 Jabil’s Obligations to You. 

 

	 	A.	 Separation Compensation. In consideration for Your signing, not revoking, and complying with this
Agreement, and returning the signed Agreement to Jabil, Jabil will pay or provide to You the following (collectively, “Separation Compensation”) subject to Section 8(L): 

 

	 	i.	 Severance. A gross amount of $700,000 less applicable taxes and withholdings, paid on the first
regular payday after both the Separation Date and the Effective Date have passed or as soon as administratively feasible after such date . 

  

	 	ii.	 FY22 STI. An STI bonus for FY22 of $700,000 representing your FY22 STI at target which will be
payable at the same time as STI payments for FY22 are made to other officers of Jabil (but in no event later than 2.5 months following the end of Jabil’s FY22). 

 

	 	iii.	 COBRA Subsidy. Following the Separation Date, if You make a timely election under COBRA to continue the
medical, vision, and/or dental benefits that were provided by Jabil immediately prior to the Separation Date, Jabil will subsidize Your full premiums (both company and employee-paid) for the first 18 months of such coverage, or until You
become eligible for other health coverage, whichever is sooner (“COBRA Subsidy Period”). You must notify Jabil within five (5) calendar days of becoming eligible to enroll in another group health plan. After the COBRA Subsidy Period
ends, You are solely responsible for paying the entire cost of the COBRA coverage premium. 

  

	 	B.	 Sole Compensation Owed. You understand and agree that the Separation Compensation described in Paragraph
2(A) is the sole financial obligation of Jabil to You under this Agreement arising from Your employment by Jabil or the end of that employment, and that absent this Agreement, Jabil would have no obligation to provide You the Separation
Compensation. 

  

	 	C.	 Withholdings / Taxes. The payment of any monies or benefits pursuant to this Agreement is subject to
deductions and withholdings required by law. You are solely responsible for, and will pay, all taxes, contributions or other payments to any taxing authorities which arise from Your receipt of monies or benefits under this Agreement.

  

			
	Mutual Separation Agreement	  	Page 2 of 14

	 	D.	 Survivorship. In the event of Your death, any unpaid benefit under subparagraph 2(A)(i) shall be paid to
Your surviving spouse, if any or in the absence thereof to your estate. Survivorship rights with respect to unvested stock awards, if any, shall be governed by the Award Agreements. 

 

	3.	 General Release. 

 

	 	A.	 Release. You, on Your own behalf and on behalf of any other person entitled to make a claim on Your
behalf or through You, freely, finally and forever release, waive, and discharge Jabil (as defined below) from any and all claims, demands, controversies, allegations, matters, disputes, causes of action, losses, obligations, liabilities, damages,
judgments, costs, expenses (including attorneys’ fees) of any kind whatsoever, under any federal, state, local or foreign law, rule or ordinance, public policy, tort, contract, common law, Executive Order, or other legally recognized basis,
known or unknown, asserted or unasserted, You may have against Jabil as of the date of this Agreement, including without limitation matters arising out of Your employment with, or termination from, Jabil (“Released Claims”), including
without limitation claims for: 

  

	 	i.	 Compensation, wages, bonuses, incentive compensation, severance allowances, entitlements, benefits, hours
worked, discrimination, leave from employment due to illness or injury for any person, or any other reason, wrongful discharge or termination, retaliation, breach of express or implied contract, breach of implied covenant of good faith and fair
dealing, bad faith, emotional distress, mental anguish, bodily injury, personal injury, sickness, harm, invasion of privacy, disparagement, defamation, slander and libel, interference with economic relations, violations of public policy, detrimental
reliance, promissory estoppel, fraud, negligence, tort, common law, compensatory and punitive damages, attorneys’ fees, expert fees, medical expenses, costs, and disbursements; and 

 

	 	ii.	 Alleged violations of any federal, state, local or foreign law, statute, regulation, ordinance or constitution
including without limitation: Family and Medical Leave Act (FMLA); Title VII of the Civil Rights Act of 1964; The Civil Rights Act of 1991; Secs 1981 through 1988 of Title 42 of the United States Code; the Fair Labor Standards Act; the Lilly
Ledbetter Fair Pay Act; the Employee Retirement Income Security Act of 1974; the Immigration Reform and Control Act; the Americans with Disabilities Act of 1990; the Workers Adjustment and Retraining Notification Act; the Age Discrimination in
Employment Act of 1967 (ADEA); the Older Workers Benefit Protection Act (OWBPA); the Occupational Safety and Health Act; the Sarbanes-Oxley Act of 2002; the Uniform Services Employment and Reemployment Rights Act; the Genetic Information
Nondiscrimination Act of 2008; Executive Order 11246; any and all employment-related laws and regulations and all other federal, state, local or foreign constitutions, statutes, ordinances, human rights / discrimination / retaliation / wage laws,
and common laws (including the laws of contract and negligence), or as any of these laws may be amended. You intend to fully and finally release Jabil from any and all Released Claims arising under such laws which You have or may have arising
from events occurring prior to the date on which You sign this Agreement. 

 This paragraph operates as a general
release and covenant not to sue to the maximum extent permitted by law. 

  

			
	Mutual Separation Agreement	  	Page 3 of 14

	 	B.	 Exclusions to Release and other clauses. Notwithstanding the above, the Released Claims, Return of
Property, Confidentiality and Non-Disparagement provisions exclude, and You do not waive, release or discharge: 

  

	 	i.	 any right to initiate, or participate in, an administrative investigation, charge, or procedure with any
governmental agency, including without limitation the Equal Employment Opportunity Commission, the National Labor Relations Board, the Occupational Safety and Health Administration, the Securities and Exchange Commission, law enforcement, or any
other federal, state or local agency or commission. Further, nothing in this Agreement shall restrict (i) the ability of any federal, state or local government agency to investigate any such charge or complaint, (ii) Your ability to
communicate voluntarily with, including providing documents or other information to, any such agency, and/or (iii) Your ability to provide truthful testimony, documents, or other information to any court, administrative agency and/or
arbitration proceeding including providing documents or other information. However, by signing this Agreement, You waive any right to individual relief or monetary recovery based on claims asserted in such a charge or complaint, whether filed by You
or any other person, except where such a waiver is prohibited by law, and except for any right You may have to receive a payment or award from a government agency (and not Jabil) for information provided to the government agency. Nothing in this
Agreement — including but not limited to the Release of Claims, the return of property, confidentiality, and non-disparagement provisions — waives Your right to testify in an administrative,
legislative, or judicial proceeding concerning alleged criminal conduct or unlawful employment practices, including alleged sexual harassment, on the part of Jabil, or on the part of the agents or employees of Jabil, when You have been required or
requested to attend such a proceeding pursuant to a court order, subpoena, or written request from an administrative agency or the legislature; 

  

	 	ii.	 Any claims which by law may not be released, including claims challenging the validity of this Agreement under
the ADEA and OWBPA (both as defined in Section 3(D), or claims under state workers compensation or unemployment laws; 

  

	 	iii.	 Any claims by You for vested benefits under Jabil’s benefits plans; 

 

	 	iv.	 Any claims relating to the consideration for this Agreement; and 

 

	 	v.	 Any claims related to Jabil’s performance of this Agreement. 

 

	 	C.	 “Jabil” Defined. As used in this Section 3, the term “Jabil” means Jabil Inc.
and its current or future parents, subsidiaries and affiliated organizations and its or their current or future: (i) pension, profit-sharing, savings, health, and other employee benefit plans of any nature as well as the plans’ respective
trustees, insurers and administrators; (ii) directors, officers, employees, agents, attorneys, representatives and shareholders; and (iii) successors and assigns as well as the heirs, personal representatives, successors and assigns of the
persons or entities referred to in this Paragraph. 

  

	 	D.	 RELEASE OF AGE CLAIMS. You are unconditionally and expressly waiving, releasing and forever discharging
Jabil from any claim You may have as of the date You sign this Agreement arising under the Age Discrimination in Employment Act (“ADEA”) and the Older Workers Benefits Protection Act (“OWBPA”), as these laws are amended, and any
other claim related to Your age. You acknowledge and confirm: 

  

	 	i.	 You have read and understand the terms of this Agreement; 

  

			
	Mutual Separation Agreement	  	Page 4 of 14

	 	ii.	 Jabil has advised You to consult with any an attorney of Your choice before signing this Agreement, and You
have obtained and considered such legal counsel as You deem necessary, such that You enter into this Agreement freely, knowingly, and voluntarily; 

  

	 	iii.	 You have been given at least 21 days to consider the terms of this Agreement and consult with attorney of Your
choice. At Your option, You may elect not to use the full 21-day period, and may sign this Agreement earlier at Your discretion in accordance with Section 8(M), however You acknowledge that Jabil has made
no threats or promises to induce You to do so; 

  

	 	iv.	 You are providing this release in exchange for consideration to which You are not otherwise entitled;

  

	 	v.	 You may revoke that portion of this Agreement that waives and releases legal claims under the ADEA and/or OWBPA
for seven (7) days after You sign this Agreement by sending written notice of revocation to Jabil’s General Counsel (currently Bobby Katz) at 10560 Dr. Martin Luther King, Jr. Street North, Saint Petersburg, FL 33716, or by email to
[***], and must be post-marked or sent via email correspondence within 7 calendar days of the date You sign this Agreement. This Agreement will become effective on the eighth day after You sign this Agreement (“Effective Date”). If
You timely revoke the waiver and release of ADEA and OWBPA claims: 

  

	 	1.	 All other items contained in this Section 3 remain effective (all other Released Claims except those
relating to the ADEA or the OWBPA will continue to be waived and released); and 

  

	 	2.	 You will no longer be entitled to the amounts described in Paragraph 2(A) of this Agreement and will instead be
entitled to receive a one-time payment of $10,000 as full and final compensation as total consideration under this Agreement. 

This Agreement does not waive or release any rights or claims that You may have under the ADEA or OWBPA that arise after the execution of this
Agreement. 
  

	4.	 No Pending Claims. You represent that You have not suffered any on-the-job injury for which You have not already filed a claim, and that You have no other pending claims or lawsuits filed against Jabil. If such claims are pending, You
agree to take all necessary measures to permanently withdraw and/or end such claims. You acknowledge and agree that You have been paid all wages earned and compensation owed through the date of this Agreement, and that You have received all leaves
of absence to which You may have been entitled by reason of Your own or family member’s illness or military service, and have not suffered any adverse consequences for doing so. You acknowledge that You have not made and do not currently have a
claim (whether for discrimination, harassment, sexual harassment, abuse, assault or other criminal conduct, retaliation, or any other alleged acts or omissions) against Jabil. 

 

	5.	 Your Post-Employment Obligations to Jabil. 

 

	 	A.	 Confidentiality, Confidential Materials, Work Product. 

 

	 	i.	 From and after the Separation Date, You agree not to use for any purpose or disclose in any manner any
Confidential Material: (1) in the case of Confidential Information, until the information in question becomes generally available to the public, other than as a result of unauthorized disclosure by You or any third party, or otherwise enters
the public domain through lawful means, and (2) in the case of a Trade Secret, for so long as such Trade Secret constitutes a trade secret under applicable law. 

  

			
	Mutual Separation Agreement	  	Page 5 of 14

	 	ii.	 You acknowledge that the protection of Confidential Materials is critical to Jabil’s business and use of
or failure to protect any Confidential Materials will irreparably harm Jabil. 

  

	 	iii.	 Nothing in this Agreement shall have the purpose or effect of requiring Employee to conceal the details
relating to any claim of discrimination, harassment, or retaliation, provided that You shall not reveal proprietary information consisting of non-public trade secrets, business plans, and customer information.

  

	 	iv.	 You have, on or prior to the Separation Date, provided and returned to Jabil all Confidential Materials that
were in Your possession or control, will immediately provide and return to Jabil and Confidential Materials that comes into Your possession or control after the Separation Date, and will promptly advise Jabil if You become aware of any Confidential
Materials that have not been provided or returned to Jabil. 

  

	 	v.	 You agree that all Work Product is deemed “works made for hire” and is owned by Jabil. If You have
not already done so prior to the Separation Date, You hereby irrevocably assign the entirety of Your right, title and interest in and to all Work Product to Jabil. At Jabil’s request, You agree to perform any acts necessary to perfect
Jabil’s ownership of such Work Product and will comply with Jabil’s procedures and processes. 

  

	 	vi.	 You irrevocably waive to the greatest extent permitted by law, for the benefit of and in favor of Jabil, all
Your moral rights in Work Product including, any right to (a) the integrity of any Work Product, (b) be associated with any Work Product, and (c) restrict or prevent the modification or use of any Work Product in any way. You
irrevocably transfer to Jabil all rights to restrict any violations of moral rights in any Work Product including, without limitation, any distortion, mutilation or other modification. 

 

	 	vii.	 You agree not to exploit for personal gain any Confidential Materials, nor participate with or assist with any
other person, or entity, directly or indirectly, in a manner that contradicts or frustrates this Section 5(A). 

  

	 	viii.	 For purposes of this Agreement 

“Confidential Information” means all information that is nonpublic, confidential and proprietary to Jabil or its customers/suppliers,
including, but not limited to, information relating to Jabil’s: finances (including cost and performance data), operations, business methods and strategies, business methods and strategies; strategic or business plans, business development /
acquisition / divestiture / merger methods and strategies, customers (and potential customers), suppliers (and potential suppliers), employees, contractors and consultants, quality or other data, corporate information, including financial and
contractual arrangements, strategies, tactics, policies, resolutions, and litigation or negotiations, and marketing information including marketing plans, strategies, tactics or methods. 

“Confidential Material” means Trade Secrets, Confidential Information and Work Product. 

  

			
	Mutual Separation Agreement	  	Page 6 of 14

 “Trade Secrets” means information not commonly known or available to the public,
that derives value from not being generally known to others who would also consider it of value and is the subject of efforts to maintain its secrecy. 

“Work Product” means inventions, improvements, ideas, computer programs, works of authorship, and the like created or made by You and
(i) resulting from or within the scope of Your employment or related to Jabil’s business; or (ii) conceived in whole or in part by using Jabil’s time or resources. 

 

	 	B.	 Non-Disparagement. Except as otherwise provided in this
Agreement, You will not make, or assist or encourage others to make, negative statements or comments about, or engage in any conduct that disparages, Jabil or its current or former officers or directors, or employees, its business or performance, or
about Your employment by or end of employment with Jabil, in any form or manner, including without limitation, orally, in writing, or through emails, blogs, social media, or other electronic or web-based
media, etc. Jabil will not, through its executive officers or members of its board of directors, publicly defame or disparage You. Nothing in this Agreement precludes You and Jabil or its officers, directors, employees, or representatives, from
supplying truthful information or good faith opinion to any government authority, in response to any lawful subpoena or legal process, as part of any internal business discussion, or for other legitimate business or commercially reasonable purpose.

  

	 	C.	 Testimony. Except as provided above in Section 3(B)(i) or below in Section 5(F), following the
Separation Date, You will make Yourself reasonably available to answer questions regarding Your job and job duties, including but not limited to testifying, and preparing to testify, as a witness in any proceeding, or otherwise providing information
or reasonable assistance to Jabil in connection with any investigation, claim or suit, and cooperating with Jabil regarding any litigation, claims, or other dispute involving Jabil that relates to matters within Your knowledge or responsibility
during Your employment with Jabil. You agree to meet with Jabil’s representatives, its counsel, or other delegates at reasonable times and places, with respect to any items within the scope of this provision including any testimony required
pursuant to a subpoena/demand, to provide truthful testimony, to provide Jabil with immediate notice of contact or subpoena by any non-governmental party known by You to be adverse to Jabil’s interests,
and to not voluntarily assist any such non-governmental adverse party or their representatives. If You are subpoenaed or are required to testify about Jabil or Your employment by Jabil, You agree to contact
Jabil’s General Counsel (currently Bobby Katz) about the subpoena/demand within 72 hours of receiving it or before the date of the proposed testimony, whichever is earlier. If You are subpoenaed or required to testify, Jabil will provide
counsel for You, subject to Your approval of said counsel, and if such cooperation occurs after the Separation Date, all expenses relating thereto will be reimbursed according to Jabil’s travel guidelines at the time they are incurred.

  

	 	D.	 Exclusions. You may not disclose the existence or terms of this Agreement or its execution or
implementation other than (i) showing this Agreement to a lawyer in the course of seeking professional advice about it, (ii) reporting the monies and benefits provided by Jabil pursuant to this Agreement on Your tax returns,
(iii) informing Your spouse or any professional advisor of the amount/nature of the monies and benefits if You take reasonable steps to ensure that the information will not be further disclosed, including You informing any lawyer, spouse or tax
advisor that such information is confidential and must not be disclosed to others; or (iv) disclosing Your obligations of confidentiality or post-employment restrictive covenants. 

 

	 	E.	 Defend Trade Secrets Act. You understand that, as provided by the Federal Defend Trade Secrets Act, You
will not be held criminally or civilly liable under any federal or state trade secret law for the disclosure 

  

			
	Mutual Separation Agreement	  	Page 7 of 14

	 	
of a trade secret made: (1) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney, and solely for the purpose of reporting or
investigating a suspected violation of law; or (2) in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. This paragraph will govern to the extent it may conflict with any other provision of
this Agreement or under any Jabil “Non-Disclosure Agreement” and/or “Commitment of Confidentiality.” 

  

	 	F.	 Whistleblower Exception. Nothing in this Agreement shall prohibit You from reporting possible violations
of federal law or regulation to or otherwise cooperating with or providing information requested by any governmental agency or entity, including, but not limited to, the Department of Justice, the Securities and Exchange Commission, the United
States Congress, any state legislative and executive agency, and any agency Inspector General, or making other disclosures that are protected under the whistleblower provisions of federal law or regulation. You do not need the prior authorization of
Jabil to make any such reports or disclosures and You are not required to notify Jabil that You have made such reports or disclosures. 

  

	6.	 Your Post-Employment Restrictive Covenants. 

 

	 	A.	 Restrictive Covenants. Jabil is the owner and possessor of numerous trade secrets and highly-sensitive
business information about its finances, operations, business methods and strategies, business development / acquisition / divestiture / merger methods and strategies, customers (and potential customers), suppliers (and potential suppliers),
employees, contractors and consultants and other matters that could be valuable to Jabil’s competitors. You are in possession of such sensitive information acquired during Your Jabil employment and, further, You have developed valuable contacts
and relationships with Jabil customers (and potential customers), suppliers (and potential suppliers), acquisition targets and representatives, employees, contractors and consultants. Therefore, commencing on the Separation Date and continuing
until the second anniversary of the Separation Date, You will not, without the prior written consent of Jabil’s General Counsel (currently Bobby Katz) (the following restrictions are collectively referred to as “Restrictive
Covenants”): 

  

	 	i.	 Compete. Be employed by, be engaged as a consultant or contractor to or agent for, sit on the board of
directors of, or otherwise in any capacity provide services, information or advice to, in any way whatsoever work for or assist, or undertake any planning for, any individual or entity which competes with Jabil, or any of the following competitors:
Benchmark Electronics, Inc.; Celestica, Inc.; Flex Ltd.; Foxconn/Hon Hai Precision Industry Company, Ltd.; Plexus Corp.; or Sanmina Corporation; or any of the customers listed in Exhibit A; or an entity known by You or, which upon
reasonable inquiry, should have been known by You to be among their parents, subsidiaries, divisions, or direct or indirect affiliates (“affiliates” to include any entity in which the named entity has during the two-year period commencing on the Separation Date a majority equity interest) anywhere in the world; 

  

	 	ii.	 Interfere with Business Relationships. Directly or indirectly through any person or entity interfere
with or engage in any activity targeted at any person or entity that has a business relationship with Jabil to persuade or attempt to persuade such person or entity to not do business with or cease doing business with Jabil, to reduce the amount of
business historically done with Jabil or to otherwise alter the actual business relationship with Jabil; or 

  

	 	iii.	 Solicit Employees. Solicit any Jabil employee to end or modify his/her relationship with Jabil for
employment outside of Jabil. For the sake of clarity and elimination of doubt, the Parties recognize that Jabil employees may make and implement decisions to end or modify their relationship with Jabil

  

			
	Mutual Separation Agreement	  	Page 8 of 14

	 	
without solicitation from You and consequently no such action by a Jabil employee, including an implemented decision to separate from Jabil and become associated with an entity with which You are
associated will give rise, by itself, to any presumption of solicitation by You. 

 You agree the Restrictive Covenants are
reasonable and appropriate in terms of duration, geography and scope. You specifically agree and admit for all purposes that Jabil has legitimate business interests justifying the Restrictive Covenants, that the Restrictive Covenants are
reasonable and appropriate in terms of duration, geography and scope, and that You are not harmed by the Restrictive Covenants. If any court or tribunal of competent jurisdiction considers whether You might be caused any individualized economic harm
or hardship as a result of the Restrictive Covenants, You specifically agree and admit that You have suffered no such harm or hardship, and in fact, will substantially financially benefit from receipt of the Separation Compensation. 

 

	 	B.	 Independent Covenants. The Restrictive Covenants must be construed as agreements and as independent
covenants. The existence of any cause of action by You against Jabil does not constitute a defense to Jabil’s enforcement of the Restrictive Covenants. 

  

	 	C.	 Court Modification. If any portion of Section 6(A) is held to be unreasonable, arbitrary, or
against public policy by any court or tribunal, or if the applicable law on which such Restrictive Covenant is founded is changed in any manner as to limit the enforceability of Section 6(A), then Section 6(A) will be enforced against You
for a shorter period of time or in a smaller geographic area or otherwise as is determined by the tribunal to be reasonable, non-arbitrary and not against public policy. In the event of the violation by You of
any of the Restrictive Covenants, the terms of each such Restrictive Covenant so violated shall be automatically extended from the date on which You permanently cease such violation for a period equal to the period in which You were in breach of the
Restrictive Covenant and in any event for an overall period no longer than up to an additional 12 months. 

  

	 	D.	 Notification of Restrictions. You must notify any future employers of Your confidentiality and
Restrictive Covenant obligations to Jabil under this Agreement. Jabil is permitted to notify any of Your future employers of Your confidentiality and Restrictive Covenant obligations to Jabil under this Agreement. 

 

	7.	 Consequences of Your Violation of this Agreement. 

 

	 	A.	 Forfeiture / Clawback. If You violate or threaten to violate Section 5(A), 5(B) and/or
Section 6(A) of this Agreement, You: 

  

	 	i.	 Forfeiture. Will forfeit any unpaid Separation Compensation payable under Section 2(A)(i); and

  

	 	ii.	 Claw-Back. Must repay to Jabil within 30 days of written demand all Separation Compensation payable
under Sections 2(A)(i) previously paid in excess of $1,000. For purposes of clarification regarding the claw-back in this Section 7(A)(ii), You must repay only the net after tax cash value of any previously paid Separation Compensation payable
under Section 2(A)(i) after the Separation Date (the “Net Cash Value”); and 

  

	 	iii.	 Remain Bound. You understand and agree that, notwithstanding such forfeiture and claw-back, You
nonetheless remain bound by Your Release of Claims, non-disparagement, confidentiality, and all other obligations in this Agreement.  

  

			
	Mutual Separation Agreement	  	Page 9 of 14

	 	B.	 Violation if Restrictive Covenants Determined Invalid or Unenforceable. If a court or tribunal of
competent jurisdiction declares some or all of the Restrictive Covenants or other obligations described in this Agreement invalid, void or unenforceable, including without limitation Paragraph 6(A)(i), and You are found by a court or tribunal of
competent jurisdiction to have engaged in conduct that would, but for the above-referenced declaration, constitute a violation of Paragraph 6(A)(i), the forfeiture and claw-back provisions described in Section 7(A) of this Agreement shall
nevertheless apply, and Your actions will be considered a violation of this Agreement, resulting in the forfeiture of all unpaid Separation Compensation payable under Section 2(A)(i) and triggering Your obligation to repay the Net Cash Value in
excess of $1,000 of any previously paid Separation Compensation payable under Section 2(A)(i) after the Separation Date. 

  

	 	C.	 Injunctive Relief. You recognize, acknowledge and agree that a breach of this Agreement by You will
cause irreparable damage to Jabil and its goodwill, the exact amount of which may be difficult or impossible to ascertain. Accordingly, You agree and consent that if You breach or threaten to breach Sections 5(A), 5(B) or 6(A) of this Agreement, in
addition to any other remedy which may be available at law or in equity, Jabil (or an affiliated business entity) is entitled to specific performance and injunctive relief without the necessity of proving actual damages or posting any bond or other
security. If any action is brought to enforce Sections 5(A), 5(B) or 6(A) of this Agreement, the Parties shall not raise the defense that there is an adequate remedy at law. Further, if Jabil (or an affiliated business entity) makes application to a
court of competent jurisdiction for injunctive relief to enforce such provisions of this Agreement, then the period of time for the application of the restrictive covenant will be tolled for a period commencing with Your act which creates the claim
for injunctive relief and terminating with the date of final adjudication of the petition for injunctive relief, if granted. 

  

	8.	 Miscellaneous. 

 

	 	A.	 Governing Law, Venue, Fees, and Jurisdiction. This Agreement shall be governed and construed in
accordance with Florida law without resort to its conflicts of law provisions. The Parties agree that all disputes and matters whatsoever arising under, in connection with, or incidental to this Agreement shall be litigated, if at all, in and before
the United States District Court for the Middle District of Florida, Tampa Division, or as to those lawsuits to which the federal courts of the United States lack subject matter jurisdiction, before a court located in Hillsborough County, Florida to
the exclusion of the courts of any other state, territory or country. The Parties hereby consent to such jurisdiction and waive any venue or other objection that either may have to any such action or proceeding being brought in the applicable court
in Hillsborough County, Florida. You consent to entry of an order imposing injunctive or equitable relief for any breach of Sections 5(A), 5(B) or 6(A) of this Agreement, without necessity of posting bond. The foregoing is subject to the
qualification that Jabil may, in its discretion, bring any action to enforce its rights including, without limitation, an action for injunctive relief to prevent a breach of Sections 5(A), 5(B) or 6(A) of this Agreement, in any venue where such
breach is threatened or may occur or where any defendant to any such action resides or is located. In any litigation arising out of, or relating to, this Agreement, the prevailing party shall be entitled to reasonable attorneys’ fees and costs.

  

	 	B.	 Jury Trial Waiver. EACH PARTY KNOWINGLY, VOLUNTARILY, AND INTENTIONALLY WAIVES ANY RIGHT WHICH SUCH
PARTY HAS OR MAY HAVE TO TRIAL BY JURY WITH RESPECT TO ANY CLAIM, LITIGATION, OR PROCEEDING BASED ON OR ARISING DIRECTLY OR INDIRECTLY IN CONNECTION WITH, OUT OF, RELATED TO OR FROM THIS AGREEMENT OR ANY DOCUMENT EXECUTED IN CONNECTION WITH THIS
AGREEMENT, INCLUDING, BY WAY OF EXAMPLE BUT NOT LIMITATION, ANY COURSE OF CONDUCT, COURSE OF DEALINGS, VERBAL OR WRITTEN STATEMENTS, OR ACTS OR OMISSIONS OF ANY PARTY THAT IN ANY WAY

  

			
	Mutual Separation Agreement	  	Page 10 of 14

	 	
RELATE TO THIS AGREEMENT OR OTHER SUCH DOCUMENT. FURTHERMORE, EACH PARTY AGREES THAT SUCH PARTY WILL NOT SEEK TO CONSOLIDATE ANY SUCH ACTION IN WHICH A JURY TRIAL HAS BEEN WAIVED WITH ANY OTHER
ACTION IN WHICH A JURY TRIAL CANNOT OR HAS NOT BEEN WAIVED. THE PARTIES HAVE SPECIFICALLY DISCUSSED AND NEGOTIATED FOR THIS WAIVER, INTEND THAT IT BE GIVEN THE BROADEST POSSIBLE EFFECT ALLOWED BY FLORIDA LAW, AND UNDERSTAND ITS LEGAL CONSEQUENCES.

  

	 	C.	 Enforcement. The Parties to this Agreement may, either at law or in equity, by suit, action, mandamus,
or other proceeding, including, but not limited to, suit for actual damages, specific performance, or injunctive relief, or by means of alternative dispute resolution, protect and enforce any and all rights existing under Florida law, or granted and
contained in this Agreement, any document executed and delivered pursuant to this Agreement, and may enforce and compel the performance of all duties required by this Agreement, or any document executed and delivered pursuant to this Agreement.

  

	 	D.	 Fee and Cost Recovery. If Jabil or You initiate proceedings for breach of this Agreement, the prevailing
party is entitled to recover reasonable attorneys’ fees and costs from the other party to the action or proceeding. For purposes of this Agreement the “prevailing party” is deemed to be the party who obtains substantially the result
sought, whether by settlement, mediation, judgment or otherwise, and “attorneys’ fees” includes without limitation the actual attorneys’ fees incurred in retaining counsel for advice, negotiations, suit, appeal or other legal
proceeding, including mediation and arbitration. 

  

	 	E.	 Voluntary Execution. You agree that You have had a full and fair opportunity to review this Agreement
and sign this Agreement knowingly, voluntarily and without duress or coercion. Further, in executing this Agreement, You agree that You have not relied on any representation or statement not set forth in this Agreement and its attachments.

  

	 	F.	 Repayment Obligation. If You assert a claim against Jabil for breach of this Agreement and after an
initial judgment on the merits, You have not prevailed on any material claim with respect to such dispute, Jabil is relieved of its obligations to pay or provide any unpaid portion of the Separation Compensation in excess of the amount equivalent to
one week’s compensation, and to the extent that any such amounts have previously been paid to You, You must repay such amounts to Jabil within 30 days of such initial judgment. You understand and agree, however, that You nonetheless remain
bound by Your Release of Claims, non-disparagement, confidentiality, and all other obligations in this Agreement. 

  

	 	G.	 Sole Agreement. Except for any other agreements or policies related to confidentiality or non-disclosure of confidential information and the Award Agreements, this Agreement represents the sole and entire agreement between You and Jabil and supersedes any and all prior agreements, negotiations and
discussions between them with respect to Your end of employment. 

  

	 	H.	 Severability. If one or more provisions of this Agreement are ruled invalid or unenforceable, such
invalidity or unenforceability does not affect any other provision of this Agreement, which remain in full force and effect. 

  

	 	I.	 Written Modifications Only. This Agreement may not be modified orally but only by writing signed by both
You and Jabil. 

  

	 	J.	 Successors and Assigns. This Agreement inures to the benefit of and is binding upon Jabil, its
successors and assigns. Your obligations and duties hereunder are personal and not assignable, but Jabil has the right to assign its rights and obligations under this Agreement to any Jabil affiliate or successor of Jabil or to any purchaser(s) of
their assets. 

  

			
	Mutual Separation Agreement	  	Page 11 of 14

	 	K.	 Confidentiality / File Under Seal. Unless required by law or by a court of competent jurisdiction, this
document must remain confidential and not be used for any purpose other than enforcing its specific terms in any proceeding between the Parties. If this document must be filed in any court, the party seeking to file it will do so only under seal
unless prohibited by the court. 

  

	 	L.	 §409A. This Agreement is and each of the payments provided for hereunder, jointly and
severally, are, intended either to provide for or constitute compensation not subject to §409A of the Internal Revenue Code of 1986, as amended (“§409A”), or to qualify for an exemption from §409A; however, if and to the
extent that this Agreement or any payment(s) provided for hereunder are subject to §409A, the Agreement or such payment(s) or both are intended to comply with §409A. This Agreement must be interpreted consistent with this intent, provided
that Jabil does not assume any liability for the additional tax assessed under §409A against You on the basis of this Agreement. Jabil does not represent or warrant that this Agreement complies with §409A or any other provision of federal,
state, or local law. Neither Jabil nor its directors, officers, employees or advisers is liable to You (or any other individual or entity) for any tax, interest, or penalties You may owe as a result of compensation paid under this Agreement, and
Jabil has no obligation to indemnify or otherwise protect You from the obligation to pay taxes pursuant to §409A. Regarding any provision in this Agreement that provides for reimbursement of costs and expenses or
in-kind benefits, except as permitted by §409A, (i) the right to payment or reimbursement or in-kind benefits is not subject to liquidation or exchange for any
other benefit, (ii) the amount of expenses eligible for reimbursement, or in-kind benefits provided, during any taxable year of You does not affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other taxable year, provided that the foregoing clause (ii) is not violated by any lifetime or other limits under Jabil’s group medical plans and (iii) such
payments will be made on or before the last day of Your taxable year following the taxable year in which the expense was incurred. Each separately identified amount and installment payment to which You are entitled is a separate payment for purposes
of §409A. No compensation or benefit that is subject to the requirements of §409A and that is payable upon Your termination of employment will be paid unless Your termination of employment constitutes a “separation from service”
within the meaning of Treasury Regulation §1.409A-1(h), and references in this Agreement to “termination”, “termination of employment” or like terms mean a “separation from
service.” Without limiting the foregoing, the term “Separation Date” as used in this Agreement means the date upon which You experience a “separation from service,” as defined in the preceding sentence, from Jabil. For the
sake of clarity and elimination of doubt, the Parties agree that You will not experience a “separation from service” between the Effective Date and August 31, 2022 solely because the number of hours of active service rendered by You
during any week within such period is less than twenty percent (20) of the average number of hours worked per week by You by during the thirty-six (36) month period ending on the Effective Date. If
You are deemed at the time of Your separation from service to be a “specified employee” for purposes of §409(A)(a)(2)(B)(i), to the extent delayed commencement of any portion of the compensation or benefits to which You are entitled
under this Agreement (including without limitation, any payment provided for under Section 2(A)(i) or 2(A)(ii), that is subject to §409A) is required in order to satisfy the requirements for compliance with §409A(a)(2)(B)(i) (any such
delayed commencement, a “Payment Delay”), such compensation or benefits will be provided to You on the earlier of (1) the date that is six months and one day from the date of Your “separation from service” with Jabil or
(2) Your death. All payments and benefits deferred pursuant to the Payment Delay will be paid in a lump sum to You, and any remaining compensation due under this Agreement will be provided as otherwise set forth. The determination of whether
You are a “specified employee” for purposes of §409A(a)(2)(B)(i) as of the time of Your separation from service is made by Jabil in accordance with the terms of §409A. 

  

			
	Mutual Separation Agreement	  	Page 12 of 14

	 	M.	 Review Period. You have 21 days to review and consider the terms of this Agreement as described
in Section 3(D) above prior to signing (“Review Period”). You are not required to wait the entire Review Period to sign the Agreement and may choose to sign it sooner on an entirely voluntary basis. 

 

							
	S I G N A T U R E S:	 		 	
				
	Date:	 	 December 5, 2021
	 		 	 /s/ Michael J. Loparco

		 		 	Michael J. Loparco
			
	On behalf of Jabil Inc.	 		 	
				
	Date:	 	 December 5, 2021
	 		 	 /s/ Bruce A. Johnson

		 		 	Bruce A. Johnson
		 		 	EVP, Chief Human Resources Officer

  

			
	Mutual Separation Agreement	  	Page 13 of 14

 EXHIBIT A TO MUTUAL SEPARATION AGREEMENT AND RELEASE 

***[Redacted] 

  

			
	Mutual Separation Agreement	  	Page 14 of 14

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