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lifevantagesalescompensa

SALES COMPENSATION PLAN HIGHLIGHTS — UNITED STATES OF AMERICA (1) EFFECTIVE MAY 5, 2020 *PV = Product Volume. Commissions are calculated by taking any PV amount multiplied by the LIfeVantage local currency conversion rate and then multiplied by any applicable commission or bonus percentage.   For theoretical example, 1,000 PV in sales multiplied by 30% bonus = $300.   (1)   All bonuses are fully detailed within the LifeVantage Sales Compensation Plan found at the following link: www.lifevantage.com/legal/us-en/sales-and-compensation-plan.   (2)  Receive up to 40% on product sold to new personally enrolled Customers and Distributors in Smart Start Bonus within the new Distributor(s) / Customer(s) first calendar month, up to 1,000 PV.          Customer purchase limits may apply.   (3)  At least 40 PV must come from personal product purchases with the remaining PV coming from purchases made by personally enrolled Customers during the qualification period, which is the 49 calendar days           (measured using current Utah, USA time zone) immediately prior to the calculation date (USA Business day immediately following the transaction date).   (4)  PAID RANK is defined as the rank achieved in the most recently and completely closed monthly UniLevel Commissions period.   (5)  The PV requirement for each rank that must come from the Combined Leg.   (6)  Fully qualified Pro 3 and higher with at least 200 PV earn up to 10% of the UniLevel Commissions paid to their first 5 generations of personally enrolled Distributors. Ranks Pro 3 through Pro 6 must also have at least 100 PV           in new sales volume each month. If PV is 100-199, the qualified Pro 3 and higher will earn only half of the Generational Matching Bonus. The Distributor sales earnings disclosed are potential gross earnings and not net of other business expenses and not necessarily representative of the actual income, if any, that a Distributor can or will earn through the LifeVantage Sales  Compensation Plan. A Distributor’s earnings will depend on individual diligence, work effort and market conditions. LifeVantage does not guarantee any income or rank success. See the Average Annual Earnings Disclosure for detailed  earnings information per rank. ©2021 LifeVantage Corporation  •  3300 N Triumph Blvd, Suite 700, Lehi, UT 84043  •  USA  •  1.866.460.7241  •  www.lifevantage.com/us-en/ UNILEVEL COMMISSIONS (dynamically compressed) PAID RANK (4) Distributor Pro 1 Pro 2 Pro 3 Pro 4 Pro 5 Pro 6 Pro 7 Pro 8 Pro 9 Pro 10 Executive Presidential Minimum Monthly PV (3) 100 100 100 100 200 200 200 200 200 200 200 200 200 Minimum Monthly  Organizational Volume 0 1,000 2,500 5,000 10,000 20,000 50,000 100,000 200,000 500,000 1,000,000 2,000,000 5,000,000 Minimum Number of Legs 0 1 2 2 2 3 3 3 3 3 3 4 5 Maximum % counted per High Leg(s) 100% 80% 80% 80% 60% 60% 60% 60% 60% 40% 40% 40% Minimum PV of Combined Leg  (5) 500 1,000 2,000 2,000 5,000 10,000 20,000 50,000 200,000 200,000 250,000                                            1st 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2%                                           2nd 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5%                                           3rd 9% 9% 9% 9% 9% 9% 9% 9% 9% 9% 9%                                           4th 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5%                                           5th 5% 5% 5% 5% 5% 5% 5% 5% 5% 5%                                           6th 5% 5% 5% 5% 5% 5% 5% 5% 5%                                           7th 5% 5% 5% 5% 5% 5% 5% 5%                                           8th 5% 5% 5% 5% 5% 5% 5%                                           9th 2% 2% 2% 2% 2% 2% 4% ELITE POOL    4% of total commissionable sales paid to qualified Pro 7 through Master Distributors.  M O N T H LY  B O N U S E S P E R C E N TA G E  P A ID   P E R  L E V E L PREMIER ELITE MASTER GENERATIONAL MATCHING  BONUS (UP TO 30%) (3) (6) RANK ACHIEVEMENT BONUS          $100,000 USD through $500,000 USD paid when achieving Master Pro ranks. YOU (Enroller)  Pro 3 + Gen 1 you earn 10% Gen 2 you earn 5% Gen 3 you earn 5% Gen 4 you earn 5% Gen 5 you earn 5% Pro 7, 8,  9 & 10 share 1 % Pro 10 Executive Presidential share 1 % Pro 8, 9 & 10 share 1 % Pro 9 & 10 share 1 % ® 201222.01 Revised 12/22/2020 D ai ly  B on us  (1)   Qualified Distributor   Product Volume (PV*) Minimum Monthly Sales Requirements (3)   Commission Percentage   Enroller   100-199 PV   30% of PV from sales to personally enrolled new   Customers and Distributors   Enroller   200 or more PV   40% of PV from sales to personally enrolled new   Customers and Distributors SMART START BONUS (2) LAUNCH BONUS D ai ly  B on us  (1)   Enrolment Upline   Enroller Paid Rank (4)   Enroller Minimum Monthly PV sales Requirement (3)   Commission Percentage   Level 1   Pro 3/Pro 4   200 PV   5% of PV   Level 2   Pro 5/Pro 6   200 PV   5% of PV   Level 3   Pro 7/Pro 8/Pro 9   200 PV   5% of PV   Level 4   Pro 10   200 PV   2.5% of PV   Level 5   Executive Pro 10   200 PV   1.5% of PV   Level 6   Presidential Pro 10   200 PV   1% of PV Qualified Distributors with “Paid Rank” (4) Pro 3 or higher are eligible to receive Launch Bonus upon qualified product pack purchases which  generate the listed commission up the Enrollment Tree. 

 

The Distributor sales earnings disclosed are potential gross earnings and not net of other business expenses and not necessarily representative of the actual income, if any, that a Distributor can  or will earn through the LifeVantage Sales Compensation Plan. A Distributor’s earnings will depend on individual diligence, work effort and market conditions. LifeVantage does not guarantee  any income or rank success.  See the Average Annual Earnings Disclosure for detailed earnings information per rank. ©2021 LifeVantage Corporation  •  3300 N Triumph Blvd, Suite 700, Lehi, UT 84043  •  USA  •  1.866.460.7241  •  www.lifevantage.com/us-en/  •  201222.01 Page 1 of 12 SALES COMPENSATION PLAN - USA  Important Notice related to LifeVantage Corporation and the  LifeVantage Sales Compensation Plan 1 - LifeVantage Corporation is a publicly-traded NASDAQ (LFVN) Direct Sales/Network Marketing company  with a Multi-Level Marketing compensation plan that provides flexibility and opportunity for individuals to  earn extra income based upon selling qualified products to customers. 2 - The focus of the LifeVantage Sales Compensation Plan is to pay commissions to LifeVantage Distributors  based upon their product sales and the product sales of LifeVantage Distributors in their personal Marketing  Organization to ultimate end using customers. 3 - Every commission and/or compensation qualification requirement within this LifeVantage Sales Compensation  Plan may be achieved through product sales to customers through a Distributor’s personal efforts and the efforts  of the Distributors within their downline Marketing Organization Distributors. 4 - LifeVantage products are not sold in retail stores and only licensed Distributors in good standing are authorized to  sell LifeVantage products either directly from their own stock or indirectly through the company’s online shopping  cart at www.lifevantage.com. 5 - LifeVantage Customers and Distributors may choose, but are not obligated, to order their LifeVantage products  through a subscription program that offers a product price discount when signing up for a monthly subscription  order, that may be cancelled at any time. 6 - The LifeVantage Sales Compensation Plan along with the Average Annual Earnings Disclosure, the LifeVantage  Distributor Application and Agreement and the LifeVantage Policies and Procedures govern the contractual  relationship and obligations of each LifeVantage Distributor to LifeVantage and support compliance with legal  requirements in the United States of America. 7 - A LifeVantage Distributor may not personally purchase for themselves nor encourage customers or other  Distributors to purchase more inventory than each can personally consume and/or sell to their personal retail  customers each month. In addition, each LifeVantage Distributor personally agrees that they may not place  a new order in any given month unless 70% of all orders from previous months have been sold or consumed  through personal/family use. 8 - A LifeVantage Distributor must disclose the Average Annual Earnings Disclosure when making any Earnings  representations that may include: (1) statements of average Distributor earnings, (2) statements of non-average  Distributor earnings, (3) statements of Distributor earnings ranges, (4) Distributor income testimonials, (5) Distributor  lifestyle claims, and (6) hypothetical claims.  Effective May 5, 2020 

 

The Distributor sales earnings disclosed are potential gross earnings and not net of other business expenses and not necessarily representative of the actual income, if any, that a Distributor can  or will earn through the LifeVantage Sales Compensation Plan. A Distributor’s earnings will depend on individual diligence, work effort and market conditions. LifeVantage does not guarantee  any income or rank success.  See the Average Annual Earnings Disclosure for detailed earnings information per rank. ©2021 LifeVantage Corporation  •  3300 N Triumph Blvd, Suite 700, Lehi, UT 84043  •  USA  •  1.866.460.7241  •  www.lifevantage.com/us-en/  •  201222.01 Page 2 of 12 SALES COMPENSATION PLAN SUMMARY  A LifeVantage Distributor may earn sales compensation  in eight (8) different ways. Effective May 5, 2020 1.  Retail Sales Profit:      The difference between the price the Distributor paid and the amount the Distributor receives from        their personal retail customer. 2.  Smart Start Bonus:        Up to 40% on Product Volume (PV) is paid to any qualified Distributor whose new personally enrolled        LifeVantage Customers and/or Distributors purchase qualified products. 3.  Launch Bonus:        Up to 5% commission is paid to any Qualified Distributor (Pro 3 or higher) based upon qualifying product       packs sold in their Marketing Organization downline and the Qualified Distributor’s Upline Enroller position. 4.  UniLevel Commissions:        After the first calendar month of Customer and/or Distributor enrollment, up to 43% of the PV on each        product sold is paid by LifeVantage to the first Qualified and existing nine (9) Upline Distributors. 5.  Generational Matching Bonus:        Up to a 10% match on the UniLevel Commissions paid to the five (5) uncompressed downline enrollment        levels is paid to any Qualified Distributor (Pro 3 or higher). 6.  Global Elite Bonus Pool:        Four percent (4%) of the total PV from LifeVantage global sales is paid monthly by LifeVantage        to Qualified Elite Distributors. 7.  One-Time Rank Achievement Bonus:        $100,000 to $500,000 United States Dollars (USD) is paid in partial monthly amounts to eligible and        Qualified Distributors who achieve the Pro 10 rank(s). 8.  Multiple Business Centers:        Eligible Distributors at Pro 5 and higher ranks may insert additional personal distributor positions within        their downline Marketing Organization, which Business Centers may earn the Qualified Distributor certain       additional sales commissions, when each Business Center is individually qualified. 

 

The Distributor sales earnings disclosed are potential gross earnings and not net of other business expenses and not necessarily representative of the actual income, if any, that a Distributor can  or will earn through the LifeVantage Sales Compensation Plan. A Distributor’s earnings will depend on individual diligence, work effort and market conditions. LifeVantage does not guarantee  any income or rank success.  See the Average Annual Earnings Disclosure for detailed earnings information per rank. ©2021 LifeVantage Corporation  •  3300 N Triumph Blvd, Suite 700, Lehi, UT 84043  •  USA  •  1.866.460.7241  •  www.lifevantage.com/us-en/  •  201222.01 Page 3 of 12 SALES COMPENSATION PLAN DETAILS Combined Leg. After determining the required High Leg(s) for any rank, the PV from any remaining leg(s) is combined to form the Combined  Leg. A Distributor’s personal Product Volume purchases and all other PV of frontline customers are included within the Combined Leg. There is  no maximum countable volume in the Combined Leg. The Combined Leg must be at least 20% of the required monthly minimum Organizational  Volume (OV) for ranks Pro 2 through Pro 4 and Pro 10; at least 10% of the required monthly minimum OV for ranks Pro 5 through Pro 9 and Executive  Pro 10; and at least 5% of the required monthly minimum OV for Presidential Pro 10. Commissions. Sales Commissions are calculated by multiplying the Product Volume (PV) sales amount by the Commission percentage of the  applicable bonus. For example, 1000 PV in sales paid at a 30% commission (1000 X .30 = 300) generates $300 United States Dollars (USD) in  sales commissions.   CV: Commissionable Volume. The numeric value obtained when Product Volume (PV) is multiplied by any applicable currency rate multiplier and  used by LifeVantage to calculate commissions. In the USA, PV and CV are generally the same numeric value as no currency rate multiplier is applied. Daily Bonus. The LifeVantage sales commissions/bonuses, such as the Smart Start Bonus and the Launch Bonus, which are calculated each US  business day and paid either daily or weekly to Qualified Distributors in eligible markets. Daily Bonuses may be disbursed three (3) business days  after the Daily Bonus calculation date to Qualified Distributors who are in an eligible market and have reached the rank of Pro 3 or above. Distributors  who are not qualified for daily disbursement will be paid their Daily Bonus earnings weekly. Dynamic Compression. The sales commissions concept that ensures all Product Volume (PV) sales, no matter where placed, will automatically  seek the next upline Qualified Distributor until all existing nine levels of UniLevel Commissions are paid.  Enroller: The LifeVantage Distributor who enrolls a new Customer or Distributor. The Enroller may sponsor or place the new Customer or Distributor  under their personal distributor position or under any other downline Distributor’s position. The Distributor position under which the new Customer  or Distributor is placed is the “Placement Sponsor”. The same LifeVantage Distributor may be both the Enroller and the Placement Sponsor. Enroller Tree: The line of Distributors consecutively linked through Distributor enrollment. The Enroller Tree does not include any Placement Sponsors. High Leg(s): The Leg with the highest Product Volume (PV) at the end of any calendar month is the High Leg 1 and the Leg with the next highest  Product Volume (PV) is High Leg 2, etc. Ranks Pro 2 through Pro 4 require a single High Leg (High Leg 1). Ranks Pro 5 through Pro 10 require a  High Leg 1 and a High Leg 2. Executive Master Pro 10 requires a High Leg 1, 2 and 3. Presidential Master Pro 10 requires a High Leg 1, 2, 3 and 4. High Leg Volume Requirement: Each High Leg has a maximum countable percentage of Product Volume (PV) that can be used toward rank  qualification for the UniLevel Commissions. The countable PV of any High Leg(s) may not exceed 80% of the total required Organizational Volume  (OV) for ranks Pro 2 through Pro 4. The countable PV of any High Leg(s) may not exceed 60% of the total required OV for ranks Pro 5 through Pro 9.  The countable PV of any High Leg(s) may not exceed 40% of the total required OV for ranks Pro 10 through Presidential Master Pro 10.   Leg: An active Distributor or Customer who is sponsored and placed front-line or directly below the Distributor’s position or an organization  originating from such Distributor. A front-line position may be personally enrolled by the Distributor or placed there by an upline Distributor. The  minimum leg requirement for UniLevel Commissions includes the Combined Leg and any required High Legs. For example, the minimum leg  requirement for the Pro 5 rank is three (3) so a Pro 5 will have two High Legs and the Combined Leg to equal the three minimum required Legs. OV: Organizational Volume. The sum of the Product Volume (PV) of all products sold and purchased by a Distributor’s entire downline Marketing  Organization, which includes the cumulative PV of each Leg and the Distributor’s own PV derived from the LifeVantage sales to their personally  enrolled Customers and any of their own voluntary personal Product Volume purchases. Each Qualified Paid Rank in the UniLevel Commissions  requires a minimum monthly OV amount to be distributed in the Leg(s) and in the percentages required for such Paid Rank.  Paid Rank: The LifeVantage Distributor rank (Distributor to Presidential Master Pro 10) achieved in the prior calendar month and used to determine  certain bonuses and commissions for subsequent commission/bonus time periods. Placement Sponsor: The LifeVantage Distributor under whom the Enroller places a new Customer or Distributor. The Enroller may also be the  Placement Sponsor. PV: Product Volume. The numeric value attributed by LifeVantage to each commissionable product sold and/or purchased personally by a  Distributor and/or their enrolled or sponsored Customers and Distributors for sales to personal retail customers and/or for personal consumption.  Personal Product Volume refers to the voluntary PV of products purchased directly by the Distributor from LifeVantage. PV amounts accumulate  from personal purchases and/or purchases made by Distributor’s personally enrolled Customer purchases directly from LifeVantage, regardless  of placement. Monthly PV requirements to become a Qualified Distributor are either 100 or 200 PV depending on the specific sales compensation  bonuses and such PV is automatically generated to a Distributor by sales to personally enrolled Customers through the LifeVantage website and  system and/or through a Distributor’s monthly personal product purchases of at least 40 PV from LifeVantage for sales to their individual retail  customers and/or for the Distributor’s own reasonable personal consumption.  Qualified Distributor. Any Distributor position, to include any Business Center, that has achieved during the calendar month product sales of at  least 100 or 200 Product Volume (PV) points, depending on the specific sales compensation bonus and/or rank requirements comprised of the  Distributor’s sales to their personally enrolled Customers and the Distributors own personal purchases, with a minimum requirement of 40 PV for  their reasonable personal consumption and/or retailing to their personal retail customers. Definition of Terms: Effective May 5, 2020 

 

The Distributor sales earnings disclosed are potential gross earnings and not net of other business expenses and not necessarily representative of the actual income, if any, that a Distributor can  or will earn through the LifeVantage Sales Compensation Plan. A Distributor’s earnings will depend on individual diligence, work effort and market conditions. LifeVantage does not guarantee  any income or rank success.  See the Average Annual Earnings Disclosure for detailed earnings information per rank. ©2021 LifeVantage Corporation  •  3300 N Triumph Blvd, Suite 700, Lehi, UT 84043  •  USA  •  1.866.460.7241  •  www.lifevantage.com/us-en/  •  201222.01 Page 4 of 12 Distributor rank is achieved during a calendar month when the distributorship position qualifies as a Distributor, becoming a Qualified Distributor, by  accumulating at least 100 PV in product sales. Pro 1 rank is achieved during a calendar month when a Qualified Distributor has a minimum monthly OV of at least 1,000 PV in product sales. Pro 2 rank is achieved during a calendar month when a Qualified Distributor has a minimum monthly OV of at least 2,500 in product sales with at  least 100 PV in one (1) High Leg and PV combined from any other legs forming the Combined Leg of at least 500 PV. No more than 80% of the total  OV from the PV in the High Leg will be counted for this rank qualification. Pro 3 rank is achieved during a calendar month when a Qualified Distributor has a minimum monthly OV of at least 5,000 in product sales with at  least 100 PV in one (1) High Leg and PV combined from any other legs forming the Combined Leg of at least 1,000 PV. No more than 80% of the total  OV from the PV in the High Leg will be counted for this rank qualification. Premier Pro 4 rank is achieved during a calendar month when a Qualified Distributor has a minimum monthly OV of at least 10,000 in product sales  with at least 200 PV in one (1) High Leg and PV combined from any other legs forming the Combined Leg of at least 2,000 PV. No more than 80% of  the total OV from the PV in the  High Leg will be counted for this rank qualification. Premier Pro 5 rank is achieved during a calendar month when a Qualified Distributor has a minimum monthly OV of at least 20,000 in product sales  with at least 200 PV in two (2) High Legs and PV combined from any other legs forming the Combined Leg of at least 2,000 PV. No more than 60%  of the total OV from the PV in any High Leg will be counted for this rank qualification. Premier Pro 6 rank is achieved during a calendar month when a Qualified Distributor has a minimum monthly OV of at least 50,000 in product sales  with at least 200 PV in two (2) High Legs and PV combined from any other legs forming the Combined Leg of at least 5,000 PV. No more than 60%  of the total OV from the PV in any High Leg will be counted for this rank qualification. Elite Pro 7 rank is achieved during a calendar month when a Qualified Distributor has a minimum monthly OV of at least 100,000 in product sales  with at least 200 PV in two (2) High Legs and PV combined from any other legs forming the Combined Leg of at least 10,000 PV. No more than 60%  of the total OV from the PV in any High Leg will be counted for this rank qualification. Elite Pro 8 rank is achieved during a calendar month when a Qualified Distributor has a minimum monthly OV of at least 200,000 in product sales  with at least 200 PV in two (2) High Legs and PV combined from any other legs forming the Combined Leg of at least 20,000 PV. No more than 60%  of the total OV from the PV in any High Leg will be counted for this rank qualification. Elite Pro 9 rank is achieved during a calendar month when a Qualified Distributor has a minimum monthly OV of at least 500,000 in product sales  with at least 200 PV in two (2) High Legs and PV combined from any other legs forming the Combined Leg of at least 50,000 PV. No more than 60%  of the total OV from the PV in any High Leg will be counted for this rank qualification. Master Pro 10 rank is achieved during a calendar month when a Qualified Distributor has a minimum monthly OV of at least 1,000,000 in product  sales with at least 200 PV in two (2) High Legs and PV combined from any other legs forming the Combined Leg of at least 200,000 PV. No more  than 40% of the total OV from the PV in any High Leg will be counted for this rank qualification. Executive Master Pro 10 rank is achieved during a calendar month when a Qualified Distributor has a minimum monthly OV of at least 2,000,000 in  product sales with three (3) High Legs of at least 200 PV and the PV combined from any other legs forming the Combined Leg of at least 200,000  PV. No more than 40% of the total OV from the PV in any High Leg will be counted for this rank qualification. Presidential Master Pro 10 rank is achieved during a calendar month when a Qualified Distributor has a minimum monthly OV of at least 5,000,000  in product sales with four (4) High Legs of at least 200 PV and the PV combined from any other legs forming the Combined Leg of at least 250,000  PV. No more than 40% of the total OV from the PV in any High Leg will be counted for this rank qualification. Rank Achievement Definitions: Effective May 5, 2020 

 

The Distributor sales earnings disclosed are potential gross earnings and not net of other business expenses and not necessarily representative of the actual income, if any, that a Distributor can  or will earn through the LifeVantage Sales Compensation Plan. A Distributor’s earnings will depend on individual diligence, work effort and market conditions. LifeVantage does not guarantee  any income or rank success.  See the Average Annual Earnings Disclosure for detailed earnings information per rank. ©2021 LifeVantage Corporation  •  3300 N Triumph Blvd, Suite 700, Lehi, UT 84043  •  USA  •  1.866.460.7241  •  www.lifevantage.com/us-en/  •  201222.01 Page 5 of 12 1.  RETAIL SALES PROFIT    LifeVantage Distributors may buy LifeVantage products and directly retail the products to their personal retail customers to earn a chosen retail  profit. The difference between the price the Distributor paid and the amount the Distributor receives from their personal retail customer is their  retail sales profit. For example: A Distributor that purchases product X from LifeVantage for $50 USD and sells this product to their personal retail  customer for $60 USD achieves a $10 USD gross retail sale profit. No further commissions are paid to the Distributor on sales the Distributor makes directly to their personal retail customers from the Distributor’s  personally purchased product inventory. 2.  SMART START BONUS (Daily Bonus)   The Smart Start Bonus is a bonus paid to a Qualified Distributor on products purchased by the Distributor’s personally enrolled Customers and  Distributors during the calendar month of their enrollment. A Qualified Distributor with 100-199 PV during the qualification period will receive a  30% Smart Start Bonus on any PV purchased by a personally enrolled Customer or Distributor within their first calendar month and a Qualified  Distributor with at least 200 PV during the qualification period will receive a 40% Smart Start Bonus on any PV purchased by a personally  enrolled Customer or Distributor within their first calendar month.   .  Smart Start Bonus Payout Options: •  The qualification period for the required PV amounts for Daily Bonuses (Smart Start Bonus and Launch Bonus) is the 49 calendar days  (measured using current Utah, USA time zone) immediately prior to the calculation date (USA Business day immediately following the  transaction date). •  The Smart Start Bonus percentage payout is limited to the first 1,000 PV sales purchased by each new Customer and/or Distributor in  their first calendar month. Any volume over 1,000 PV sales purchased within a Customer’s and/or Distributor’s first calendar month will  generate UniLevel Commissions. •  Should a new Customer or Distributor make an initial purchase of 300 PV in sales in the calendar month of sign up, the applicable  commission percentage for this 300 PV is paid through the Smart Start Bonus. After the initial purchase, but within the sign-up  calendar month, the same Customer or Distributor purchases an additional 1,000 PV through a spot purchase or through a qualifying  pack purchase, this second downline sale (purchase by the new Customer or Distributor) generates the following payments to Upline  Qualified Distributors: (1) Launch Bonus based on the qualifying pack purchase; (2) 700 PV of the 1,000 pack PV is paid through the  Smart Start Bonus (reaching the 1,000 PV life-time cap for the Smart Start Bonus for this Customer or Distributor); and the remaining  300 PV of the 1,000 pack PV will be paid as UniLevel Commissions.  •  The Smart Start Bonus is paid based on the Enroller Tree. The Smart Start Bonus does not compress; therefore, only the Enroller, if  bonus qualified, will receive the Smart Start Bonus. •  Should a new Customer or Distributor purchase product without an enrolling Distributor, LifeVantage will assign the new Customer/ Distributor to a Qualified Distributor and pay the Qualified Distributor one half of any Smart Start Bonus commission on the first product  purchase, when assigned in the first calendar month and any full UniLevel Commissions, if assigned the following month(s). •  Smart Start Sales Commissions are calculated by PV amount multiplied by the sales commission percentage.  For example: 1,000 PV X 30% = $300 USD. Qualified Distributor PV Minimum Monthly Sales Requirement Commission Percentage Enroller 100-199 PV  30% of PV from sales to personally  enrolled Customers and Distributors Enroller 200 or more PV  40% of PV from sales to personally  enrolled Customers and Distributors 

 

The Distributor sales earnings disclosed are potential gross earnings and not net of other business expenses and not necessarily representative of the actual income, if any, that a Distributor can  or will earn through the LifeVantage Sales Compensation Plan. A Distributor’s earnings will depend on individual diligence, work effort and market conditions. LifeVantage does not guarantee  any income or rank success.  See the Average Annual Earnings Disclosure for detailed earnings information per rank. ©2021 LifeVantage Corporation  •  3300 N Triumph Blvd, Suite 700, Lehi, UT 84043  •  USA  •  1.866.460.7241  •  www.lifevantage.com/us-en/  •  201222.01 Page 6 of 12 3.  LAUNCH BONUS (Daily Bonus)   The Launch Bonus is designed to reward Qualified Distributors (Pro 3 rank or higher) through the Enroller Tree on downline Enrollee product  pack sales. The Paid Rank is the rank achieved in the previous calendar month after commissions calculations. The Launch Bonus is paid  on qualifying pack sales of 250 PV, 500 PV and 1000 PV.   .  The Launch Bonus Pays out six (6) levels as follows: *Paid Rank is based on the previous month’s UniLevel Commissions Paid Rank. Enroller Level Qualified Distributor Enroller  Paid Rank* Enroller Minimum Monthly PV  Sales Requirement Commission Level 1 Pro 3 / Pro 4 200 PV 5% of CV Level 2 Pro 5 / Pro 6 200 PV 5% of CV Level 3 Pro 7 / Pro 8 / Pro 9 200 PV 5% of CV Level 4 Pro 10 200 PV 2.5% of CV Level 5 Executive Pro 10 200 PV 1.5% of CV Level 6 Presidential Pro 10 200 PV 1% of CV •  New Distributors are not eligible for the Launch Bonus for any sales generated in the calendar month they joined as they  have not yet earned any Paid Rank. •  The purchased pack may also generate sales commissions under the Smart Start Bonus depending on how much Product  Volume commissions were previously paid through the Smart Start Bonus in the calendar month of enrollment. •  Distributors may purchase packs with 250 PV, 500 PV or 1,000 PV. Customers may also purchase product packs with  reasonable product quantities. •  Launch Bonus Sales Commissions are calculated by PV amount multiplied by the sales commission percentage.  For example: 1,000 PV X 5% = $50 USD 

 

The Distributor sales earnings disclosed are potential gross earnings and not net of other business expenses and not necessarily representative of the actual income, if any, that a Distributor can  or will earn through the LifeVantage Sales Compensation Plan. A Distributor’s earnings will depend on individual diligence, work effort and market conditions. LifeVantage does not guarantee  any income or rank success.  See the Average Annual Earnings Disclosure for detailed earnings information per rank. ©2021 LifeVantage Corporation  •  3300 N Triumph Blvd, Suite 700, Lehi, UT 84043  •  USA  •  1.866.460.7241  •  www.lifevantage.com/us-en/  •  201222.01 Page 7 of 12 4.  UNILEVEL COMMISSIONS (monthly bonus)    The UniLevel Commissions offers Distributors a leveraged income opportunity to earn on downline Marketing Organization Customer  and/or Distributor product sales after their first calendar month or after the first 1,000 PV sales from such Customers and/or Distributors  during their first calendar month. LifeVantage pays UniLevel Commissions up to 43% on the PV of each product sold, to the first nine (9)  existing, dynamically compressed, Upline Qualified Distributors. (After compression of unqualified distributor and customer volume, the  first nine (9) existing Qualified Distributors receive applicable UniLevel Commissions). A Distributor may earn commissions on downline Marketing Organization product sales/purchases for up to the first nine (9) existing,  dynamically compressed, levels, depending on the Qualified Distributor’s monthly “Paid Rank”. •  As product sales increase within the Distributor’s Marketing Organization, a Qualified Distributor can then advance in rank and  therefore qualify to earn on additional existing, dynamically compressed, downline levels. •  The required PV is derived from any (1) personally enrolled Customer product sales orders placed directly to LifeVantage and/or (2) the  Distributor’s personal Product Volume orders which together must equal at least 100 or 200 PV during the calendar month in accord  with this table: •  UniLevel Commissions are calculated by taking each level of accumulated PV multiplied by the sales commission percentage.  For example: If the 1st Level has 2,500 PV X 2% = $50 USD; and 2nd Level has 3,000 PV X 5% = $150 USD and 3rd Level has  2,000 PV X 9% = $180 USD for a total UniLevel Commissions of $380 USD for all Qualified Distributors at Pro 2 and higher ranks. UniLevel Commissions   (dynamically compressed) Premier Elite Master* PAID RANK Distributor PRO 1 PRO 2 PRO 3 PRO 4 PRO 5 PRO 6 PRO 7 PRO 8 PRO 9 PRO 10 EXECUTIVE PRESIDENTIAL Minimum Monthly PV 100 100 100 100 200 200 200 200 200 200 200 200 200 Minimum Monthly  Org. Volume 0 1,000 2,500 5,000 10,000 20,000 50,000 100,000 200,000 500,000 1,000,000 2,000,000 5,000,000 Minimum Number of Legs+ 0 1 2 2 2 3 3 3 3 3 3 4 5 Maximum % counted per  High Leg+ 100% 80% 80% 80% 60% 60% 60% 60% 60% 40% 40% 40% Min PV of Combined Leg 500 1,000 2,000 2,000 5,000 10,000 20,000 50,000 200,000 200,000 250,000                            1st 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2%                            2nd 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5%                            3rd 9% 9% 9% 9% 9% 9% 9% 9% 9% 9% 9%                            4th 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5%                            5th 5% 5% 5% 5% 5% 5% 5% 5% 5% 5%                            6th 5% 5% 5% 5% 5% 5% 5% 5% 5%                            7th 5% 5% 5% 5% 5% 5% 5% 5%                            8th 5% 5% 5% 5% 5% 5% 5%                            9th 2% 2% 2% 2% 2% 2%   M O N T H LY  B O N U S    *All Master Ranks must maintain the Paid Rank for three (3) consecutive months to be recognized at that Master rank   +See Leg Volume Requirements in the Rank Achievement Definitions above P ER C EN TA G E  PA ID   P ER  L EV EL 

 

The Distributor sales earnings disclosed are potential gross earnings and not net of other business expenses and not necessarily representative of the actual income, if any, that a Distributor can  or will earn through the LifeVantage Sales Compensation Plan. A Distributor’s earnings will depend on individual diligence, work effort and market conditions. LifeVantage does not guarantee  any income or rank success.  See the Average Annual Earnings Disclosure for detailed earnings information per rank. ©2021 LifeVantage Corporation  •  3300 N Triumph Blvd, Suite 700, Lehi, UT 84043  •  USA  •  1.866.460.7241  •  www.lifevantage.com/us-en/  •  201222.01 Page 8 of 12 5.  GENERATIONAL MATCHING BONUS       In a month when a Distributor has achieved the Paid Rank of a  Pro 3 rank or above, the Qualified Distributor can earn a 10% match  of all personally enrolled Distributors’ UniLevel Commissions.   Each Generational Matching Bonus Qualified Distributor Pro 3 and  above may also earn an additional 5% on the 2nd, 3rd, 4th, and 5th  uncompressed generations’ UniLevel Commissions. To earn the full Generational Matching Bonus   each Distributor must: • Qualify as a Pro 3 rank or higher. • Generate the required PV of 200 PV during    the calendar month which is derived from any  personally enrolled Customer product orders  and/or the Distributor’s personal Product Volume  purchases placed directly to LifeVantage*. • Additionally, Paid Ranks Pro 3 through Pro  6, must also generate 100 PV in New Sales  Product Volume** from personally enrolled  new Customers and/or Distributors during  each calendar month of qualification for the  Generational Matching Bonus.    The Generational Matching Bonus is paid monthly and does not  dynamically compress. It is paid on the below Generations: 1st generation: any personally enrolled Distributors 2nd generation: any personally enrolled Distributors who are  enrolled by your 1st generation Distributors 3rd generation: any personally enrolled Distributors who are  enrolled by your 2nd generation Distributors 4th generation: any personally enrolled Distributors who are  enrolled by your 3rd generation Distributors 5th generation: any personally enrolled Distributors who are  enrolled by your 4th generation Distributors GEN GEN GEN GEN GEN st nd rd th th I 2 3 4 5 I0% 5 % 5 % 5 % 5 % GENERATION UNILEVEL MATCHING % (monthly bonus) •  Generational Matching Bonuses are calculated by determining the total UniLevel Commissions paid to the Distributor(s) in the Enroller  downline multiplied by the Generational Matching Bonus commission percentage. For example: If a 1st Generation Distributor earned  $2,000 USD in UniLevel Commissions, the upline Qualified Distributor Enroller with at least 200 PV and Paid Rank Pro 3 and above  (with 100 PV in new Customer and/or Distributor volume for Distributors with Paid Rank Pro 3 through Pro 6) earns 10% ($2,000 X 10%)  for $200 USD Generational Matching Bonus and a 2nd Generation Distributor with $1,500 earned in UniLevel Commissions generates  5% ($1,500 X 5%) for $75 USD Generational Matching Bonus to this same Qualified Distributor Enroller for a total of $275 USD in  Generational Matching Bonuses. * Qualified Distributors with PV between 100 PV and 199 PV will    earn half of the Generational Matching Bonus.  ** New Sales Product Volume means the PV generated each month  by new personally enrolled Customers and/or Distributors in  their first calendar month. 

 

The Distributor sales earnings disclosed are potential gross earnings and not net of other business expenses and not necessarily representative of the actual income, if any, that a Distributor can  or will earn through the LifeVantage Sales Compensation Plan. A Distributor’s earnings will depend on individual diligence, work effort and market conditions. LifeVantage does not guarantee  any income or rank success.  See the Average Annual Earnings Disclosure for detailed earnings information per rank. ©2021 LifeVantage Corporation  •  3300 N Triumph Blvd, Suite 700, Lehi, UT 84043  •  USA  •  1.866.460.7241  •  www.lifevantage.com/us-en/  •  201222.01 Page 9 of 12 6.  GLOBAL ELITE BONUS POOL (monthly bonus)     All Qualified Distributors who reach or maintain their monthly Elite-level Paid Ranks are eligible to participate in the Global Elite Bonus  Pool. LifeVantage takes 4% of the total global Product Volume generated from all Customer and Distributor sales each month and divides  it into four portions for payment to the monthly Elite-level Qualified Distributors as follows:    • The first one percent (1%) portion will be equally shared by Qualified Distributors who qualify as  Elite Pro 7, Elite Pro 8, Elite Pro 9 and the Master Pro 10 ranks; • The second one percent (1%) will be equally shared by Qualified Distributors who qualify as Elite  Pro 8, Elite Pro 9 and the Master Pro 10 ranks; • The third one percent (1%) will be equally shared by Qualified Distributors who qualify as Elite Pro  9 and the Master Pro 10 ranks; and • The fourth and final one percent (1%) will be equally shared by Qualified Distributors who qualify at  the Master Pro 10 ranks. • For theoretical example, if the Global PV for a month is 6,000,000 PV it is multiplied by 4% to  generate $240,000 USD in the Global Elite Bonus Pool; which is then equally divided into four  1% portions of $60,000 USD each. The $60,000 USD is then split between all Elite Qualified  Distributors who earn a share of each of the four (4) pools displayed below: PRO  7, 8, 9 & 10 SHARE 1 % PRO  8, 9, 10 SHARE 1 % PRO 10 SHARE 1 % PRO 9, 10 SHARE 1 % 

 

The Distributor sales earnings disclosed are potential gross earnings and not net of other business expenses and not necessarily representative of the actual income, if any, that a Distributor can  or will earn through the LifeVantage Sales Compensation Plan. A Distributor’s earnings will depend on individual diligence, work effort and market conditions. LifeVantage does not guarantee  any income or rank success.  See the Average Annual Earnings Disclosure for detailed earnings information per rank. ©2021 LifeVantage Corporation  •  3300 N Triumph Blvd, Suite 700, Lehi, UT 84043  •  USA  •  1.866.460.7241  •  www.lifevantage.com/us-en/  •  201222.01 Page 10 of 12 7.  ONE-TIME RANK ACHIEVEMENT BONUS (paid starting in Achievement Month, which is achieved in the  third consecutive month of obtaining and maintaining the required Pro 10 rank qualifications, with the total bonus being paid in monthly  amounts over a 12 or 24 month period)   When a Distributor has achieved the sales requirements and the organizational sales volume necessary to reach the ranks of Master Pro 10,  Executive Master Pro 10 and Presidential Master Pro 10, the Qualified Distributor is eligible to receive a One-Time Rank Achievement Bonus in  each Pro 10 rank as follows: (1) Paid over 12 months – The Distributor must remain actively engaged as a LifeVantage Distributor and remain in good standing with the    Company and be recognized on stage at a major event. (2) Paid over 24 months – The Distributor must remain actively engaged as a LifeVantage Distributor and remain in good standing with the    Company and be recognized on stage at a major event.   (3) Equal payments are paid monthly when the Distributor is a qualified Paid Rank Master Pro 10, Executive Master Pro 10 or Presidential     Master Pro 10. If the Distributor has not continued to be qualified as a Paid Rank Master Pro 10, Executive Master Pro 10 or Presidential     Master Pro 10 in any month during the entire 12 or 24 month payment spans, no payment is earned or due in such month. A Distributor may     qualify to receive multiple monthly One-Time Rank Achievement Bonus payments should they qualify during the 12 or 24 monthly payment     period for even higher Master Pro ranks.   8.  MULTIPLE BUSINESS CENTERS (monthly bonus)  Once a Distributor has achieved the requirements and organizational sales volume necessary to reach the Premier Pro 5 rank, the Distributor  is eligible to apply for an additional distributor position called a Business Center or Business Center 1 (BC1). Business Center(s) allow Qualified  Distributors to build additional legs and/or sales volume for their downline Marketing Organization and to earn additional bonuses and sales  commissions above what the Distributors earn with just their own primary Distributor position. Each Distributor may also apply for a second Business Center (BC2) once the Qualified Distributor has achieved the requirements and  organizational sales volume to reach the Elite Pro 7 rank, and a third Business Center (BC3) once the Distributor has achieved the requirements  and organizational sales volume to reach the Master Pro 10 rank. Master Pro 10                        -   $100,000 USD (1) (3)  Executive Master Pro 10      -   $250,000 USD (2) (3  Presidential Master Pro 10  -   $500,000 USD (2) (3 

 

The Distributor sales earnings disclosed are potential gross earnings and not net of other business expenses and not necessarily representative of the actual income, if any, that a Distributor can  or will earn through the LifeVantage Sales Compensation Plan. A Distributor’s earnings will depend on individual diligence, work effort and market conditions. LifeVantage does not guarantee  any income or rank success.  See the Average Annual Earnings Disclosure for detailed earnings information per rank. ©2021 LifeVantage Corporation  •  3300 N Triumph Blvd, Suite 700, Lehi, UT 84043  •  USA  •  1.866.460.7241  •  www.lifevantage.com/us-en/  •  201222.01 Page 11 of 12 Multiple Business Centres Benefits: • Eligible for UniLevel Commissions and Global Elite Pool Commissions when the Business Center  position meets all Product Volume and OV requirements on its own merits. • May create an additional High Leg for the Distributor’s downline organization. • Each Business Center is eligible for rank advancements when meeting required Product Volume,  Organizational Volume and other rank requirements on its own merits. • Qualified Master Pro 10 Distributors with the required OV for Executive Master Pro 10 (2,000,000  OV) and/or Presidential Master Pro 10 (5,000,000 OV) may use their Business Center position(s) to  qualify as High Leg(s) to meet the Minimum Leg Requirement number only to advance to the ranks  of Executive Master Pro 10 (4 Legs required) and/or Presidential Master Pro 10 (5 Legs required).  The PV from any Business Center leg may not be double counted as PV for any other Business  Center and/or for any High Leg and/or Combined Leg.   • The 1st, 2nd, and 3rd Business Centers are not eligible for and are specifically excluded from  any payments or benefits of the Smart Start Bonus, the Launch Bonus and/or the Generational  Matching Bonus that only the Distributor’s primary (original) position is eligible to receive. • The One-Time Rank Achievement Bonus is paid only one time to the Distributor whether  earned first by the primary (original) Distributorship or by one of the Distributor’s eligible  Business Centers.   8.  MULTIPLE BUSINESS CENTERS (Continued) Pro 7 nd Business Center Possible Placement  Possible Placement  2 BC2 BC1 BC2 Possible Placement  Possible Placement  Possible Placement  MASTER PRO 10 rd Business Center3 BC3 BC3 BC3 BC1 BC2 Pro 5 st Business Center1 BC1 Business Center sales commissions and bonuses are all paid to the owner(s) of the primary (original) distributorship and such commissions are  reported as required under the tax identification number of the primary (original) distributorship.  Each qualified Pro 5 Distributor’s Business Center (BC1) must be placed directly under the Distributor’s primary  (original) Distributorship. The placement of the 2nd Business Center (BC2) may be placed directly under either the  Pro 7 Distributor’s primary (original) position or directly under their 1st Business Center (BC1). The placement of  the 3rd Business Center (BC3) may be directly under either the Master Pro 10’s primary (original) Distributorship  or directly under their 1st (BC1) or 2nd (BC2) Business Center per the following charts: 

 

SALES COMPENSATION PLAN HIGHLIGHTS — UNITED STATES OF AMERICA (1) EFFECTIVE MAY 5, 2020 *PV = Product Volume. Commissions are calculated by taking any PV amount multiplied by the LIfeVantage local currency conversion rate and then multiplied by any applicable commission or bonus percentage.   For theoretical example, 1,000 PV in sales multiplied by 30% bonus = $300.   (1)   All bonuses are fully detailed within the LifeVantage Sales Compensation Plan found at the following link: www.lifevantage.com/legal/us-en/sales-and-compensation-plan.   (2)  Receive up to 40% on product sold to new personally enrolled Customers and Distributors in Smart Start Bonus within the new Distributor(s) / Customer(s) first calendar month, up to 1,000 PV.          Customer purchase limits may apply.   (3)  At least 40 PV must come from personal product purchases with the remaining PV coming from purchases made by personally enrolled Customers during the qualification period, which is the 49 calendar days           (measured using current Utah, USA time zone) immediately prior to the calculation date (USA Business day immediately following the transaction date).   (4)  PAID RANK is defined as the rank achieved in the most recently and completely closed monthly UniLevel Commissions period.   (5)  The PV requirement for each rank that must come from the Combined Leg.   (6)  Fully qualified Pro 3 and higher with at least 200 PV earn up to 10% of the UniLevel Commissions paid to their first 5 generations of personally enrolled Distributors. Ranks Pro 3 through Pro 6 must also have at least 100 PV           in new sales volume each month. If PV is 100-199, the qualified Pro 3 and higher will earn only half of the Generational Matching Bonus. The Distributor sales earnings disclosed are potential gross earnings and not net of other business expenses and not necessarily representative of the actual income, if any, that a Distributor can or will earn through the LifeVantage Sales  Compensation Plan. A Distributor’s earnings will depend on individual diligence, work effort and market conditions. LifeVantage does not guarantee any income or rank success. See the Average Annual Earnings Disclosure for detailed  earnings information per rank. ©2021 LifeVantage Corporation  •  3300 N Triumph Blvd, Suite 700, Lehi, UT 84043  •  USA  •  1.866.460.7241  •  www.lifevantage.com/us-en/ UNILEVEL COMMISSIONS (dynamically compressed) PAID RANK (4) Distributor Pro 1 Pro 2 Pro 3 Pro 4 Pro 5 Pro 6 Pro 7 Pro 8 Pro 9 Pro 10 Executive Presidential Minimum Monthly PV (3) 100 100 100 100 200 200 200 200 200 200 200 200 200 Minimum Monthly  Organizational Volume 0 1,000 2,500 5,000 10,000 20,000 50,000 100,000 200,000 500,000 1,000,000 2,000,000 5,000,000 Minimum Number of Legs 0 1 2 2 2 3 3 3 3 3 3 4 5 Maximum % counted per High Leg(s) 100% 80% 80% 80% 60% 60% 60% 60% 60% 40% 40% 40% Minimum PV of Combined Leg  (5) 500 1,000 2,000 2,000 5,000 10,000 20,000 50,000 200,000 200,000 250,000                                            1st 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2%                                           2nd 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5%                                           3rd 9% 9% 9% 9% 9% 9% 9% 9% 9% 9% 9%                                           4th 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5%                                           5th 5% 5% 5% 5% 5% 5% 5% 5% 5% 5%                                           6th 5% 5% 5% 5% 5% 5% 5% 5% 5%                                           7th 5% 5% 5% 5% 5% 5% 5% 5%                                           8th 5% 5% 5% 5% 5% 5% 5%                                           9th 2% 2% 2% 2% 2% 2% 4% ELITE POOL    4% of total commissionable sales paid to qualified Pro 7 through Master Distributors.  M O N T H LY  B O N U S E S P E R C E N TA G E  P A ID   P E R  L E V E L PREMIER ELITE MASTER GENERATIONAL MATCHING  BONUS (UP TO 30%) (3) (6) RANK ACHIEVEMENT BONUS          $100,000 USD through $500,000 USD paid when achieving Master Pro ranks. YOU (Enroller)  Pro 3 + Gen 1 you earn 10% Gen 2 you earn 5% Gen 3 you earn 5% Gen 4 you earn 5% Gen 5 you earn 5% Pro 7, 8,  9 & 10 share 1 % Pro 10 Executive Presidential share 1 % Pro 8, 9 & 10 share 1 % Pro 9 & 10 share 1 % ® 201222.01 Revised 12/22/2020 D ai ly  B on us  (1)   Qualified Distributor   Product Volume (PV*) Minimum Monthly Sales Requirements (3)   Commission Percentage   Enroller   100-199 PV   30% of PV from sales to personally enrolled new   Customers and Distributors   Enroller   200 or more PV   40% of PV from sales to personally enrolled new   Customers and Distributors SMART START BONUS (2) LAUNCH BONUS D ai ly  B on us  (1)   Enrolment Upline   Enroller Paid Rank (4)   Enroller Minimum Monthly PV sales Requirement (3)   Commission Percentage   Level 1   Pro 3/Pro 4   200 PV   5% of PV   Level 2   Pro 5/Pro 6   200 PV   5% of PV   Level 3   Pro 7/Pro 8/Pro 9   200 PV   5% of PV   Level 4   Pro 10   200 PV   2.5% of PV   Level 5   Executive Pro 10   200 PV   1.5% of PV   Level 6   Presidential Pro 10   200 PV   1% of PV Qualified Distributors with “Paid Rank” (4) Pro 3 or higher are eligible to receive Launch Bonus upon qualified product pack purchases which  generate the listed commission up the Enrollment Tree. Average Annual Earnings Disclosurekeyexecutivebenefitsagre

-1-    KEY EXECUTIVE BENEFIT PACKAGE    LifeVantage has established this Key Executive Benefit Package to attract,  motivate and retain certain key executives of the company.  An employee is  considered a Key Executive upon the recommendation of the CEO and approval  by the Company's Compensation Committee.    The components of the Key Executive Benefit Package are included below.    I . Position and Responsibilities.  As of the Effective Date (your hire  date), you will commence serving as a key management executive of the  Company.  You shall have the duties, responsibilities and authority that are  customarily associated with such position and such other senior management  duties as may reasonably be assigned.  You will devote your full time, efforts,  abilities, and energies to promote the general welfare and interests of the  Company and any related enterprises of the Company.  Unless otherwise approved  in writing by the Company's Chief Executive Office and the Chairman of the  Company's Board of Directors, your primary workplace will be located at the  Company' s headquarters located in Sandy, Utah.    Nothing herein shall preclude you from (i) serving, with the prior consent of the  President and CEO, as a member of the board of directors or advisory boards (or  their equivalents in the case of a non-corporate entity) of non-competing  businesses and charitable organizations, (ii) engaging in charitable activities and  community affairs, and (iii) managing your personal investments and affairs;  provided, however, that the activities set out in clauses (i), (ii) and (iii) shall be  limited by you so as not to materially interfere, individually or in the aggregate,  with the performance of your duties and responsibilities hereunder.    2. Annual Incentive Plan.  As a key executive and during your  continued employment as a key executive, you will be eligible to participate in  the Employee Annual Incentive Plan at the level indicated in Exhibit A pursuant  to the details of Board of Directors' approved Annual Incentive Plan.  Any Annual  Incentive Award shall be paid to you during the first three months of the fiscal  year that follows the applicable performance fiscal year.  The Annual Incentive  Award will be deemed to have been earned on the date of payment of such  bonus and you must remain an employee of the Company through the date of  payment in order to receive the Award.    3. Long Term Incentive Compensation Plan.  As a key executive  and during your continued employment as a key executive, you will be eligible to  participate in the Board of Directors' approved Employee Equity Plan pursuant to  

 

-2-    the plan details.  Such equity grants, if any, will be made in the sole discretion of  the Board of Directors and will be subject to the terms and conditions specified by  the Board of Directors, the Company's stock plan, the award agreement that you  must execute as a condition of any grant and the Company's insider trading policy.   If required by applicable law with respect to transactions involving Company  equity securities, you agree that you shall use your best efforts to comply with  any duty that you may have to (i) timely report any such transactions and (ii) to  refrain from engaging in certain transactions from time to time.  The Company  has no duty to register under (or otherwise obtain an exemption from) the  Securities Act of 1933 (or applicable state securities laws) with respect to any  Company equity securities that may be issued to you.    4. Employee Benefit Programs.  During your employment with the  Company, and except as may be provided under an employee stock purchase  plan, you will be entitled to pai1icipate, in all Company employee benefit plans  and programs at the time or thereafter made available to Key Executives  including, without limitation, any savings or profit sharing plans, deferred  compensation plans, stock option incentive plans, group life insurance, accidental  death and dismemberment insurance, hospitalization, surgical, major medical  and dental coverage, vacation, sick leave (including salary continuation  arrangements), long-term disability, holidays and other employee benefit  programs sponsored by the Company.  The Company may amend, modify or  terminate these benefits at any time and for any reason.  Any change in any  employee benefit program or programs applicable to all covered key executive  employees or all covered employees shall not constitute a material breach of the  terms of the Agreement.  LifeVantage will pay all or a portion of the costs associated with the following  company employee benefit plans:  a. Life Insurance  b. Long Term Disability  c. Short Term Disability  d. Health Insurance  e. Dental Insurance  f. Vision Insurance    5. Termination of Employment.  Unless the Company requests  otherwise in writing, upon termination of your employment for any reason, you  understand and agree that you shall be deemed to have also immediately resigned  from all positions as a key executive with the Company (and its affiliates) as of  your last day of employment (the "Termination Date").  Upon termination of your  employment for any reason, you shall receive payment or benefits from the  Company covering the following: (i) all unpaid salary and unpaid vacation accrued  

 

-3-    pursuant to the paid time off policy through the Termination Date, (ii) any  payments/benefits to which you are entitled under the express terms of any  applicable Company employee benefit plan, (iii) any unreimbursed valid business  expenses for which you have submitted properly documented reimbursement  requests, and (iv) your then outstanding equity compensation awards as governed  by their applicable terms (collectively, (i) through (iv) are the "Accrued Pay" ).   You may also be eligible for other post-employment payments and benefits as  provided in this Agreement.  Termination shall not be made until on or after the  date of a "separation from service" within the meaning of Code Section 409A.    (a) At-Will Employment.  Your employment with the  Company is at-will and either you or the Company may terminate your  employment at any time and for any reason (or no reason), with or without  Cause (as defined below), in each case subject to the terms and provisions of  this Agreement.    (b) For Cause.  For purposes of this Agreement, your  employment may be terminated by the Company for "Cause" as a result of the  occurrence of one or more of the following: a charge, through indictment or  criminal complaint, entry of pretrial diversion or sentencing agreement, or your  conviction of, or a plea of guilty or nolo contendere to, a felony or other crime  involving moral turpitude , dishonesty or fraud, or any other criminal arrest (for  example D.U.I.) which the Company, in its discretion considers inappropriate or  harmful to its interests;  (i) your refusal, or inability to satisfactorily, in the  judgment or your supervisor, perform in any material respect your duties and  responsibilities for the Company or your failure to comply in any material respect  with the terms of this Agreement and the Confidentiality Agreement and the  policies and procedures of the Company;  (ii) fraud or deceptive or illegal conduct in your  performance of duties for the Company;  (iii) your material breach of any material term of this  Agreement; or  (iv) any conduct by you which is materially injurious to the  Company or materially injurious to the business reputation of the Company or a  Company affiliate.    In the event your employment is terminated by the Company for Cause  you will be entitled only to your Accrued Pay and you will be entitled to no other  

 

-4-    compensation from the Company.    (c) Without Cause.  The Company may terminate your  employment Without Cause at any time and for any reason with notice.  If your  employment is terminated Without Cause then, in addition to your Accrued Pay,  you will be eligible to receive payments equal, in the aggregate amount, to six  months of your base salary as of the Termination Date.  Such payments shall be  paid to you in cash, in substantially equal monthly installments payable over the  six (6) month period following your Termination Date; provided, however, the first  payment (in an amount equal to two (2) months of Base Salary) shall be made  on the sixtieth (60th) day following the Termination Date.  As a condition to  receiving (and continuing to receive) the payments provided in this Section you  must: (i) within not later than fo1iy-five (45) days after your Termination Date,  execute (and not revoke) and deliver to the Company a Separation Agreement in  a form prescribed by the Company and such Separation Agreement shall include  without limitation a release of all claims against the Company and its affiliates  along with a covenant not to sue and (ii) remain in full compliance with such  Separation Agreement and this Key Executive Benefit Package.    (d) Voluntary Termination.  In the event you voluntarily  terminate your employment with the Company, you will be entitled to receive only  your Accrued Pay.  You will be entitled to no other compensation from the  Company.    (e) Death or Disability.  In the event your employment with  the Company is terminated due to your Disability, death or presumed death, then  you or your estate will be entitled to receive your Accrued Pay.  For purposes of  this plan, "Disability" is defined to occur when you are unable to engage in any  substantial gainful activity by reason of any medically determinable physical or  mental impairment which can be expected to result in death or which has lasted  or can be expected to last for a continuous period of not less than twelve (12)  months.    6. Proprietary Information and Inventions Agreement;  Confidentiality.  You will be required, as a condition of your employment with  the Company, to timely execute the Company's form of proprietary information  and inventions agreement as may be amended from time to time by the Company  ("Confidentiality Agreement").    7. Governing Law; Arbitration.  To the extent not preempted by  federal law, this Agreement will be deemed a contract made under, and for all  purposes shall be construed in accordance with, the laws of Utah.  Any controversy  

 

-5-    or claim relating to this Agreement or any breach thereof, and any claims you may  have arising from or relating to your employment with the Company, will be settled  solely and finally by arbitration in Salt Lake City, Utah before a single arbitrator  and judgment upon such award rendered by the arbitrator may be entered in any  court having jurisdiction thereof, provided that this Section shall not be construed  to eliminate or reduce any right the Company or you may otherwise have to obtain  a temporary restraining order or a preliminary or permanent injunction to enforce  any of the covenants contained in this Agreement before the matter can be heard  in arbitration.    8. Taxes.  The Company shall have the right to withhold and deduct  from any payment hereunder any federal, state or local taxes of any kind required  by law to be withheld with respect to any such payment.  The Company shall not  be liable to you or other persons as to any unexpected or adverse tax consequence  realized by you and you shall be solely responsible for the timely payment of all  taxes arising from this Agreement that are imposed on you.  This Agreement is  intended to comply with the applicable requirements of Code Section 409A and  shall be limited, construed and interpreted in a manner so as to comply therewith.   Each payment made pursuant to any provision of this Agreement shall be  considered a separate payment and not one of a series of payments for purposes  of Code Section 409A.  While it is intended that all payments and benefits provided  under this Agreement to you will be exempt from or comply with Code Section  409A, the Company makes no representation or covenant to ensure that the  payments under this Agreement are exempt from or compliant with Code Section  409A.  The Company will have no liability to you or any other party if a payment  or benefit under this Agreement is challenged by any taxing authority or is  ultimately determined not to be exempt or compliant.  In addition, if upon your  Termination Date, you are then a " specified employee" (as defined in Code  Section 409A), then solely to the extent necessary to comply with Code Section  409A and avoid the imposition of taxes under Code Section 409A, the Company  shall defer payment of "nonqualified deferred compensation" subject to Code  Section 409A payable as a result of and within six (6) months following your  Termination Date until the earlier of (i) the first business day of the seventh (7th)  month following your Termination Date or (ii) ten (10) days after the Company  receives written confirmation of your death.  Any such delayed payments shall be  made without interest.  Additionally, the reimbursement of expenses or in-kind  benefits provided pursuant to this Agreement shall be subject to the following  conditions: (1) the expenses eligible for reimbursement or in-kind benefits in one  taxable year shall not affect the expenses eligible for reimbursement or in-kind  benefits in any other taxable year; (2) the reimbursement of eligible expenses or  in-kind benefits shall be made promptly, subject to the Company's applicable  policies, but in no event later than the end of the year after the year in which such  

 

-6-    expense was incurred; and (3) the right to reimbursement or in-kind benefits shall  not be subject to liquidation or exchange for another benefit.    9. Entire Agreement.  Except as otherwise specifically provided in this  Agreement, this Agreement (and the agreements referenced herein) contains all  the legally binding understandings and agreements between you and the Company  pertaining to the subject matter of this Agreement and supersedes all such  agreements, whether oral or in writing, previously discussed or entered into  between the parties including without limitation any term sheets regarding your  potential employment with the Company.  As a material condition of this  Agreement, you represent that by entering into this Agreement or by becoming a  Company employee you are not violating the terms of any other contract or  agreement or other legal obligations that would prohibit you from performing your  duties for the Company.  You further agree and represent that in providing your  services to the Company you will not utilize or disclose any other entity's trade  secrets or confidential information or proprietary information.  You represent that  you are not resigning employment or relocating any residence in reliance on any  promise or representation by the Company regarding the kind, character, or  existence of such work, or the length of time such work will last, or the  compensation therefor.    10. Non-Competition and Non-Solicitation.    (a) Non-solicitation of employees and consultants.  During  your employment and for a period of two years after your employment terminates,  you will not directly or indirectly solicit or induce, or attempt to solicit or induce ,  any employee or consultant, to include independent contractors, of the Company  to quit their employment or cease rendering services to the Company, unless you  are specifically authorized to do so by the Company in writing.    (b) Non-solicitation of Independent Distributors or  Customers.  To the extent permitted under applicable law, and in order to  protect the Confidential Information and preserve the Company's relationships  with its prospects and customers, you agree that for a period of two (2) years  after your employment with the Company ends for any reason, you will not directly  or indirectly solicit any Independent Distributor, Preferred Customer or Direct  Retail Customer for another competing Network Marketing Venture consisting of  nutritional supplements or any other product (any product in the same generic  product category as a Company product is deemed to be competing (e.g., any  nutritional supplement is in the same generic category as Company's nutritional  supplements, and is therefore a competing product, regardless of differences in  cost, quality, ingredients or nutrient content) or service of the Company at the  

 

-7-    time of your termination with any prospect or customer of the Company.  By  signing the Agreement, you acknowledge and agree that the Company is trying  to protect legitimate business interests by this prohibition and such prohibition is  reasonable in its scope and duration.    (c) Non-Competition.  You shall not, for a period of one (1)  year after your employment with the Company ends for any reason, engage in,  advise or consult with, or accept employment with any company, business or any  entity, or contribute your knowledge to any work or activity that involves a  product, process, provision of services or distribution channel (network marketing)  as offered by the company, the development and/or sales of nutritional  supplements, or any other product or service of the Company which is competitive  with and the same as or similar to a product, process, or provision of services or  distribution channel (network marketing) on which you worked or with respect to  which you had access to confidential info1mation while with the Company.   Following expiration of said one-year period, you shall continue to be obligated  under the confidential provisions of this Agreement and of your proprietary  information and inventions agreement not to disclose and/or use confidential  information so long as it shall remain proprietary or protectable as confidential or  trade secret information.  You acknowledge that this restraint is reasonable as to  time and geographic limits and is necessary to protect the Company's Confidential  Information, and that it will not unduly restrict your ability to secure suitable  employment after leaving the Company.  (d) Modification By Court.  If any court or arbitrator  determines that any post-employment restrictive covenant is unreasonable in  any respect, you agree that the Court may modify any unreasonable terms and  enforce the agreement as modified.  (e) Extension of Non-Compete.  For any period of time in  which you are found to be in violation of any of the above non-compete or  non-solicitation agreements, that period of time shall be added on to the  length of the restriction or period of protection for the Company.    (f) Notice to Subsequent Employers.  You agree that the  Company may provide notice of your obligations under any provision of this  Agreement to any company or future employer of yours should the Company  consider it necessary for the enforcement of those obligations.    11. Covenants.  As a condition of this Agreement and to your receipt  of any post- employment benefits, you agree that you will fully and timely  comply with all of the covenants set forth in this subsection (which shall  

 

-8-    survive your termination of employment and termination or expiration of this  Agreement):    (a) You will fully comply with all obligations under the  Confidentiality Agreement and further agree that the provisions of the  Confidentiality Agreement shall survive any termination or expiration  of this Agreement or termination of your employment or any  subsequent service relationship with the Company;    (i) Within five (5) days of the Termination Date, you  shall return to the Company all Company confidential info1mation including,  but not limited to, intellectual property, etc., and you shall not retain any  copies, facsimiles or summaries of any Company proprietary information;    (ii) You will not at any time make (or direct anyone to  make) any disparaging statements (oral or written) about the Company, or  any of its affiliated entities, officers, directors, employees, stockholders,  representatives or agents, or any of the Company's products or services or  work-in-progress, that are harmful to their businesses, business reputations  or personal reputations.;    (iii) You agree that during the period of your employment  with the Company and thereafter, you will not utilize any trade secrets of the  Company in order to solicit, either on behalf of yourself or any other person or  entity, the business of any client or customer of the Company, whether past,  present or prospective.  The Company considers the following, without  limitation, to be its trade secrets: Financial information, administrative and  business records, analysis, studies, governmental licenses, employee records  (including but not limited to counts and goals), prices, discounts, financials,  electronic and written files of Company policies, procedures, training, and  forms, written or electronic work product that was authored, developed, edited,  reviewed or received from or on behalf of the Company during period of  employment; Company developed technology, software, or computer  programs, process manuals , products, business and marketing plans and or  projections, Company sales and marketing data, Company technical  information, Company strategic plans, Company financials, vendor affiliations,  proprietary information, technical data, trade secrets, know-how, copyrights,  patents, trademarks, intellectual property, and all documentation related to or  including any of the foregoing; and    (iv) You agree that, upon the Company's request  

 

-9-    and without any payment therefore, you shall reasonably cooperate with  the Company (and be available as necessary) after the Termination Date  in connection with any matters involving events that occurred during your  period of employment with the Company.    (b) You also agree that you will fully and timely comply with  all of the covenants set forth in this subsection (which shall survive your  termination of employment and termination or expiration of this Agreement):    (i) You will fully pay off any outstanding amounts  owed to the Company no later than their applicable due date or within thirty  days of your Termination Date (if no other due date has been previously  established);    (ii) Within five (5) days of the Termination Date, you  shall return to the Company all Company property including, but not limited to,  computers, cell phones, pagers, keys, business cards, etc.;    (iii) Within thirty (30) days of the Termination Date, you  will submit any outstanding expense reports to the Company for expenses  incurred prior to the Termination Date; and    (iv) As of the Termination Date, you will no longer  represent that you are an officer, director or employee of the Company and  you will immediately discontinue using your Company mailing address,  telephone, facsimile machines, voice mail and e-mail;    (c) You agree that you will strictly adhere to and obey all  Company rules, policies, procedures, regulations and guidelines, including but  not limited to those contained in the Company's employee handbook, as well  any others that the Company may establish including without limitation any  policy the Company adopts on the recoupment of compensation ("Clawback  Policy").    12. Offset.  Any severance or other payments or benefits made  to you under this Agreement may be reduced, in the Company's  discretion, by any amounts you owe to the Company provided that any  such offsets do not violate Code Section 409A.    13. Notice.  Any notice that the Company is required to or may  desire to give you shall be given by personal delivery, recognized overnight  

 

- 10 -    courier service, email, telecopy or registered or certified mail, return receipt  requested, addressed to you at your address of record with the Company, or  at such other place as you may from time to time designate in writing.  Any  notice that you are required or may desire to give to the Company hereunder  shall be given by personal delivery, recognized overnight courier service,  email, telecopy or by registered or certified mail, return receipt requested,  addressed to the Company's General Counsel at its principal office, or at such  other office as the Company may from time to time designate in writing.  The  date of actual delivery of any notice under this Section shall be deemed to  be the date of delivery thereof.    14. Waiver; Severability.  No provision of this Agreement may be  amended or waived unless such amendment or waiver is agreed to by you and  the Company in writing and such amendment or waiver expressly references this  Section.  No waiver by you or the Company of the breach of any condition or  provision of this Agreement will be deemed a waiver of a similar or dissimilar  provision or condition at the same or any prior or subsequent time.  Except as  expressly provided herein to the contrary, failure or delay on the part of either  party hereto to enforce any right, power, or privilege hereunder will not be  deemed to constitute a waiver thereof.  In the event any portion of this Agreement  is determined to be invalid or unenforceable for any reason, the remaining portions  shall be unaffected thereby and will remain in full force and effect to the fullest  extent permitted by law.  15. Voluntary Agreement.  You acknowledge that you have been  advised to review this Agreement with your own legal counsel and other advisors  of your choosing and that prior to entering into this Agreement, you have had the  opportunity to review this Agreement with your attorney and other advisors and  have not asked (or relied upon) the Company or its counsel to represent you or  your counsel in this matter.  You further represent that you have carefully read  and understand the scope and effect of the provisions of this Agreement and that  you are fully aware of the legal and binding effect of this Agreement.  This  Agreement is executed voluntarily by you and without any duress or undue  influence on the part or behalf of the Company.  16. Key-Man Insurance.  The Company shall have the right to insure  your life for the sole benefit of the Company, in such amounts, and with such  terms, as it may determine.  All premiums payable thereon shall be the obligation  of the Company.  You shall have no interest in any such policy, but you agree to  cooperate with the Company in taking out such insurance by submitting to  physical examinations, supplying all information required by the insurance  company, and executing all necessary documents, provided that no financial  

 

- 11 -    obligation is imposed on you by any such documents.    ACKNOWLEDGED AND AGREED:  Date: . Date:     LIFEVANTAGE CORPORATION          ________________________  BY:    TITLE:     KEY EXECUTIVE          ________________________  BY:   TITLE:        

 

- 12 -      EXHIBIT A  TARGET ANNUAL INCENTIVE  Name Title Target Annual Incentive

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