Document:

EX-4.1

 Exhibit 4.1 

REGISTRATION RIGHTS AGREEMENT 

This Registration Rights Agreement (this “Agreement”), dated as of July 20, 2017, is entered into by and among PetIQ,
Inc., a Delaware corporation (the “Company”), each Person executing this Agreement and listed as a “Continuing LLC Owner” on the signature pages hereto (together with their Permitted Transferees that become a party hereto,
the “Continuing LLC Owners”) and each Person executing this Agreement and listed as a “C-Corp LLC Owner Parent” on the signature pages hereto (collectively, together with their
Permitted Transferees that become party hereto, the “C-Corp LLC Owner Parents”). 

RECITALS 
 WHEREAS,
pursuant to a Recapitalization Agreement, dated as of the date hereof, by and among the Company, PetIQ Holdings, LLC, a Delaware limited liability company (“PetIQ LLC”), the Continuing LLC Owners, the
C-Corp LLC Owner Parents and certain other parties thereto (the “Recapitalization Agreement”), the Company has effected a series of recapitalization transactions (the “Recapitalization
Transactions”); 
 WHEREAS, after giving effect to the Recapitalization Transactions, (a) the Continuing LLC Owners own
limited liability company interests PetIQ LLC (“Holdings Units”), together with shares of the Company’s Class B common stock, par value $0.001 per share (the “Class B Common Stock”),
which, subject to certain restrictions, are exchangeable from time to time at the option of the holder thereof for shares of the Company’s Class A common stock, par value $0.001 per share (the “Class A Common
Stock” and, together with the Class B Common Stock, the “Common Stock”) pursuant to the Sixth Amended and Restated Limited Liability Company Agreement, dated as of the date hereof, of PetIQ LLC (the “PetIQ LLC
Operating Agreement”) and (b) the C-Corp LLC Owner Parents own shares of Class A Common Stock; 

WHEREAS, the Class B Common Stock issued to the Continuing LLC Owners and the Class A Common Stock issued to the C-Corp LLC Owner Parents pursuant to the Recapitalization Transactions are not registered under the Securities Act of 1933, as amended, and any successor thereto, and any rules and regulations promulgated
thereunder, all as the same shall be in effect from time to time (the “Securities Act”); 
 WHEREAS, on the date hereof,
the Company has priced an initial public offering of shares of its Class A Common Stock (the “IPO”); and 
 WHEREAS,
pursuant to the Recapitalization Agreement, the parties believe that it is in the best interests of the Company and the other parties hereto to set forth their agreements regarding registration rights following the IPO; 

 NOW, THEREFORE, in consideration of the foregoing and the mutual promises, covenants and
agreements of the parties hereto, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 

ARTICLE I 

EFFECTIVENESS 

Section 1.1. Effectiveness. This Agreement shall become effective upon the closing of the IPO.

 ARTICLE II 

DEFINITIONS 

Section 2.1. Definitions. As used in this Agreement, the following terms shall have the
following meanings: 
 “Adverse Disclosure” means public disclosure of material
non-public information that, in the good faith judgment of the board of directors of the Company, (a) would be required to be made in any Registration Statement filed with the SEC by the Company so that
such Registration Statement, from and after its effective date, does not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading,
(b) would not be required to be made at such time but for the filing, effectiveness or continued use of such Registration Statement and (c) the Company has a bona fide business purpose for not disclosing publicly. 

“Affiliate” means, with respect to any specified Person, (a) any Person that directly or indirectly through one or more
intermediaries controls, or is controlled by, or is under common control with, such specified Person, (b) a Member of the Immediate Family of such Person, and (c) any investment fund advised or managed by, or under common control or
management with, such specified Person; provided that the Company and each of its subsidiaries shall be deemed not to be Affiliates of any C-Corp LLC Owner Parent. As used in this definition, the term
“control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through ownership of voting securities, by contract or otherwise. 

“Agreement” shall have the meaning set forth in the preamble. 

“Business Day” means any day that is not a Saturday, a Sunday or other day on which banks are required or authorized by law
to be closed in the City of New York. 
 “C-Corp LLC Owner Parents” shall have the
meaning set forth in the preamble. 
 “Class A Common Stock” shall have the meaning set forth in the
Recitals. 
 “Class B Common Stock” shall have the meaning set forth in the Recitals. 

“Common Stock” shall have the meaning set forth in the Recitals. 

“Continuing LLC Owners” shall have the meaning set forth in the preamble. 

“Demand Notice” shall have the meaning set forth in Section 3.2.3. 

“Demand Registration” shall have the meaning set forth in Section 3.2.1(a). 

“Demand Registration Request” shall have the meaning set forth in Section 3.2.1(a). 

  
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 “Demand Registration Statement” shall have the meaning set forth in
Section 3.2.1(c). 
 “Demand Suspension” shall have the meaning set forth in
Section 3.2.6. 
 “Exchange” means the exchange of shares of Class B Common Stock together
with Holdings Units for shares of Class A Common Stock pursuant to the PetIQ LLC Operating Agreement. 
 “Exchange
Act” means the Securities Exchange Act of 1934, as amended, and any successor thereto, and any rules and regulations promulgated thereunder, all as the same shall be in effect from time to time. 

“Exchange Registration” shall have the meaning set forth in Section 3.1.1. 

“Exchange Registration Statement” shall have the meaning set forth in Section 3.1.1. 

“FINRA” means the Financial Industry Regulatory Authority. 

“Holders” means C-Corp LLC Owner Parents and Continuing LLC Owners who then hold
Registrable Securities under this Agreement. 
 “IPO” shall have the meaning set forth in the Recitals. 

“Issuer Free Writing Prospectus” means an issuer free writing prospectus, as defined in Rule 433 under the Securities Act,
relating to an offer of the Registrable Securities. 
 “Loss” shall have the meaning set forth in
Section 3.10.1. 
 “Member of the Immediate Family” means, with respect to any Person who is an
individual, (a) each parent, spouse (but not including a former spouse or a spouse from whom such Person is legally separated) or child (including those adopted) of such individual and (b) each trust naming only one or more of the Persons
listed in sub-clause (a) as beneficiaries. 
 “Holdings Units” shall have the
meaning set forth in the Recitals. 
 “Participation Conditions” shall have the meaning set forth in
Section 3.3.5(b).  
 “Permitted Transferee” means (a) any Affiliate of a Holder and
(b) such other Persons designated by the Holders of a majority of the Registrable Securities under this Agreement. 

“Person” means any individual, partnership, corporation, company, association, trust, joint venture, limited liability
company, unincorporated organization, entity or division, or any government, governmental department or agency or political subdivision thereof. 

“PetIQ LLC” shall have the meaning set forth in the Recitals. 

“PetIQ LLC Operating Agreement” shall have the meaning set forth in the Recitals. 

“Piggyback Notice” shall have the meaning set forth in Section 3.4.1. 

  
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 “Piggyback Registration” shall have the meaning set forth in
Section 3.4.1. 
 “Potential Takedown Participant” shall have the meaning set forth in
Section 3.3.5(b). 
 “Pro Rata Portion” means, with respect to each Holder requesting that its
shares be registered or sold in an Underwritten Public Offering, a number of such shares equal to the aggregate number of Registrable Securities requested to be registered or sold in such Public Offering (excluding any shares to be registered or
sold for the account of the Company) multiplied by a fraction, the numerator of which is the aggregate number of Registrable Securities then held by such Holder, and the denominator of which is the aggregate number of Registrable Securities then
held by all Holders requesting that their Registrable Securities be registered or sold. 
 “Prospectus” means (a) the
prospectus included in any Registration Statement, all amendments and supplements to such prospectus, including post-effective amendments and supplements, and all other material incorporated by reference in such prospectus, and (b) any Issuer
Free Writing Prospectus. 
 “Public Offering” means the offer and sale of Registrable Securities for cash pursuant to an
effective Registration Statement under the Securities Act (other than a Registration Statement on Form S-4 or Form S-8 or any successor form). 

“Registrable Securities” means (a) all shares of Class A Common Stock that are not then subject to forfeiture to
the Company, (b) all shares of Class A Common Stock issued or issuable upon exercise, conversion or exchange of any option, warrant or convertible security (including shares of Class A Common Stock issuable upon Exchange) not then
subject to vesting or forfeiture to the Company and (c) all shares of Class A Common Stock directly or indirectly issued or then issuable with respect to the securities referred to in clauses (a) or (b) above by way of unit or stock
dividend or unit or stock split, or in connection with a combination of units or shares, recapitalization, merger, consolidation or other reorganization. As to any particular Registrable Securities, such securities shall cease to be Registrable
Securities when (w) a Registration Statement with respect to the sale of such securities shall have become effective under the Securities Act and such securities shall have been disposed of in accordance with such Registration Statement,
(x) such securities shall have been Transferred pursuant to Rule 144, (y) such holder is able to immediately sell such securities (including all shares of Class A Common Stock issuable upon Exchange) under Rule 144 without any restrictions
on transfer (including without application of paragraphs (c), (d), (e), (f) and (h) of Rule 144), as determined in the reasonable opinion of the holder (it being understood that a written opinion of the Company’s outside legal counsel to
the effect that such securities may be so sold removed shall be conclusive evidence this clause has been satisfied), or (z) such securities shall have ceased to be outstanding. Notwithstanding the foregoing, a Continuing LLC Owner shall be
deemed not to hold any Registrable Securities at any time the Exchange Registration Statement is effective if such Continuing LLC Owner is able to immediately sell shares of Class A Common Stock issuable upon Exchange under Rule 144 without any
restrictions on transfer (including without application of paragraphs (c), (d), (e), (f) and (h) of Rule 144), as determined in the reasonable opinion of the holder (it being understood that a written opinion of the Company’s outside legal
counsel to the effect that such securities may be so sold removed shall be conclusive evidence this clause has been satisfied). 

“Recapitalization Agreement” shall have the meaning set forth in the Recitals. 

“Recapitalization Transactions” shall have the meaning set forth in the Recitals. 

  
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 “Registration” means registration under the Securities Act of the offer and
sale of shares of Class A Common Stock under a Registration Statement. The terms “register”, “registered” and “registering” shall have correlative meanings. 

“Registration Expenses” shall have the meaning set forth in Section 3.9. 

“Registration Statement” means any registration statement of the Company filed with, or to be filed with, the SEC under the
Securities Act, including the related Prospectus, amendments and supplements to such registration statement, including pre- and post-effective amendments, and all exhibits and all material incorporated by
reference in such registration statement other than a registration statement (and related Prospectus) filed on Form S-4 or Form S-8 or any successor form thereto. 

“Representatives” means, with respect to any Person, any of such Person’s officers, directors, employees, agents,
attorneys, accountants, actuaries, consultants, equity financing partners or financial advisors or other Person associated with, or acting on behalf of, such Person. 

“Rule 144” means Rule 144 under the Securities Act (or any successor rule). 

“SEC” means the Securities and Exchange Commission or any successor agency having jurisdiction under the Securities Act. 

“Securities Act” shall have the meaning set forth in the Recitals. 

“Selling Stockholder Information” shall have the meaning set forth in Section 3.10.1. 

“Shelf Period” shall have the meaning set forth in Section 3.3.3. 

“Shelf Registration” shall have the meaning set forth in Section 3.3.1(a). 

“Shelf Registration Notice” shall have the meaning set forth in Section 3.3.2. 

“Shelf Registration Request” shall have the meaning set forth in Section 3.3.1(a). 

“Shelf Registration Statement” shall have the meaning set forth in Section 3.3.1(a). 

“Shelf Suspension” shall have the meaning set forth in Section 3.3.4. 

“Shelf Takedown Notice” shall have the meaning set forth in Section 3.3.5(b). 

“Shelf Takedown Request” shall have the meaning set forth in Section 3.3.5(a). 

“Transfer” means, with respect to any Registrable Security, any interest therein, or any other securities or equity interests
relating thereto, a direct or indirect transfer, sale, exchange, assignment, pledge, hypothecation or other encumbrance or other disposition thereof, including the grant of an option or other right, whether directly or indirectly, whether
voluntarily, involuntarily, by operation of law, pursuant to judicial process or otherwise. “Transferred” shall have a correlative meaning. 

  
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 “Underwritten Public Offering” means an underwritten Public Offering,
including any bought deal or block sale to a financial institution conducted as an underwritten Public Offering. 
 “Underwritten
Shelf Takedown” means an Underwritten Public Offering pursuant to an effective Shelf Registration Statement. 

“WKSI” means any Securities Act registrant that is a well-known seasoned issuer as defined in Rule 405 under the Securities
Act at the most recent eligibility determination date specified in paragraph (2) of that definition. 
 Section 2.2. Other
Interpretive Provisions. 
 Section 2.2.1. The meanings of defined terms are equally applicable to the singular and plural forms
of the defined terms. 
 Section 2.2.2. The words “hereof”, “herein”, “hereunder” and similar words refer
to this Agreement as a whole and not to any particular provision of this Agreement; and any subsection and section references are to this Agreement unless otherwise specified. 

Section 2.2.3. The term “including” is not limiting and means “including without limitation.” 

Section 2.2.4. The captions and headings of this Agreement are for convenience of reference only and shall not affect the interpretation
of this Agreement. 
 Section 2.2.5. Whenever the context requires, any pronouns used herein shall include the corresponding masculine,
feminine or neuter forms. 
 ARTICLE III 

REGISTRATION RIGHTS 

The Company will perform and comply, and cause each of its subsidiaries to perform and comply, with such of the following provisions as are
applicable to it. Each Holder will perform and comply with such of the following provisions as are applicable to such Holder. 

Section 3.1. Exchange Registration. 

Section 3.1.1. Mandatory Exchange Registration. At such time as the Company first becomes eligible to file a Registration Statement
on Form S-3, the Company shall as promptly as reasonably practicable file with the SEC and use commercially reasonable efforts to cause to be declared effective under the Securities Act a Registration
Statement (“Exchange Registration Statement”) for all shares of Class A Common Stock issuable upon the Exchange of all of the shares of Class B Common Stock and the Holdings Units held by the Continuing LLC Owners. Such
Registration pursuant to this Section 3.1, including as amended, renewed or replaced as provided herein, shall hereinafter be referred to as an “Exchange Registration.” If for any reason such Exchange
Registration is prohibited under applicable law, as determined by the Company in its discretion, the Company shall instead file and use commercially reasonable efforts to cause to be promptly declared effective under the Securities Act a
Registration Statement for the resale of the shares of Class A Common Stock issuable upon Exchange of all of the shares of Class B Common Stock together with all of the Holdings Units held by the Continuing LLC Owners. 

  
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 Section 3.1.2. Continued Effectiveness; Renewal and Replacement. The Company
shall use commercially reasonable efforts to keep the Exchange Registration Statement continuously effective under the Securities Act until the date as of which no Continuing LLC Owner holds Class B Common Stock or Holdings Units. In addition,
the Company shall use commercially reasonable efforts to promptly amend, renew or replace, as necessary, any Exchange Registration Statement that shall have expired or otherwise been deemed unusable and shall use commercially reasonable efforts to
keep such amended, renewed or replaced Exchange Registration Statement continuously effective under the Securities Act until the date as of which no Continuing LLC Owner holds Class B Common Stock or Holdings Units. 

Section 3.1.3. Suspension of Registration. If the continued use of the Exchange Registration Statement at any time would require
the Company to make an Adverse Disclosure or if the Company is not then eligible to file an Exchange Registration Statement on Form S-3, the Company may, upon giving prompt written notice of such action to the
Continuing LLC Owners, suspend use of the Exchange Registration Statement. 
 Section 3.2. Demand Registration. 

Section 3.2.1. Request for Demand Registration. 
  

	 	(a)	 Following the consummation of the IPO, each C-Corp LLC Owner Parent
shall have the right to make a written request from time to time (a “Demand Registration Request”) to the Company for Registration of all or part of the Registrable Securities held by such Holder. Any such Registration pursuant to a
Demand Registration Request shall hereinafter be referred to as a “Demand Registration.” 

  

	 	(b)	 Each Demand Registration Request shall specify (x) the aggregate amount of Registrable Securities to be
registered and (y) the intended method or methods of disposition thereof. 

  

	 	(c)	 Upon receipt of a Demand Registration Request, the Company shall as promptly as practicable file a Registration
Statement (a “Demand Registration Statement”) relating to such Demand Registration and use its reasonable best efforts to cause such Demand Registration Statement to be promptly declared effective under the Securities Act.

 Section 3.2.2. Limitation on Demand Registrations. The Company shall not be obligated to take any action to
effect any Demand Registration if (x) a Demand Registration or Piggyback Registration was declared effective or an Underwritten Shelf Takedown was consummated within the preceding 90 days or (y) the value of the Registrable Securities
proposed to be sold by the initiating Holders is not at least the lesser of $20,000,000 and all of such Holder’s Registrable Securities. 

Section 3.2.3. Demand Notice. Promptly upon receipt of a Demand Registration Request pursuant to
Section 3.2.1 (but in no event more than two Business Days thereafter), the Company shall deliver a written notice (a “Demand Notice”) of any such Demand Registration Request to all other Holders and the
Demand Notice shall offer each such Holder the opportunity to include in the Demand Registration that number of Registrable Securities as each such Holder may request in writing. Subject to Section 3.2.7, Company shall
include in the Demand Registration all such Registrable Securities with respect to which the Company has received written requests for inclusion therein within three Business Days after the date that the Demand Notice was delivered. 

  
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 Section 3.2.4. Demand Withdrawal. Each
C-Corp LLC Owner Parent that has requested the inclusion of Registrable Securities in a Demand Registration pursuant to Section 3.2.3 may withdraw all or any portion of its
Registrable Securities included in a Demand Registration from such Demand Registration at any time prior to the effectiveness of the applicable Demand Registration Statement. Upon receipt of a notice to such effect with respect to all of the
Registrable Securities included in such Demand Registration by such C-Corp LLC Owner Parent, the Company shall cease all efforts to secure effectiveness of the applicable Demand Registration Statement. Any
such withdrawn Demand Registration Statement shall count as a Demand Registration with respect to any participating C-Corp LLC Owner Parent unless such C-Corp LLC Owner
Parent reimburses the Company its pro rata portion (based on shares requested to be included in such Registration) of the Registration Expenses incurred prior to the withdrawal. 

Section 3.2.5. Effective Registration. The Company shall use reasonable best efforts to cause the Demand Registration Statement to
become effective and remain effective for not less than 180 days (or such shorter period as will terminate when all Registrable Securities covered by such Demand Registration Statement have been sold or withdrawn) or, if such Demand Registration
Statement relates to an Underwritten Public Offering, such longer period as in the opinion of counsel for the underwriter or underwriters a Prospectus is required by law to be delivered in connection with sales of Registrable Securities by an
underwriter or dealer. 
 Section 3.2.6. Delay in Filing; Suspension of Registration. If the filing, initial effectiveness or
continued use of a Demand Registration Statement at any time would require the Company to make an Adverse Disclosure, the Company may, upon giving prompt written notice of such action to the Holders, delay the filing or initial effectiveness of, or
suspend use of, the Demand Registration Statement (a “Demand Suspension”); provided, however, that the Company shall not be permitted to exercise a Demand Suspension (a) more than twice during any 12-month period, (b) for a period exceeding 60 days on any one occasion or (c) for an aggregate of more than 90 days in any 12-month period. In the case of a Demand
Suspension, the Holders agree to suspend use of the applicable Prospectus in connection with any sale or purchase, or offer to sell or purchase, Registrable Securities, upon receipt of the notice referred to above. The Company shall immediately
notify the Holders in writing upon the termination of any Demand Suspension, amend or supplement the Prospectus, if necessary, so it does not contain any untrue statement or omission and furnish to the Holders such numbers of copies of the
Prospectus as so amended or supplemented as the Holders may reasonably request. The Company shall, if necessary, supplement or amend the Demand Registration Statement, if required by the registration form used by the Company for the Demand
Registration or by the instructions applicable to such registration form or by the Securities Act or the rules or regulations promulgated thereunder or as may reasonably be requested by the Holders of a majority of Registrable Securities that are
included in such Demand Registration Statement. 
 Section 3.2.7. Priority of Securities Registered Pursuant to Demand
Registrations. If the managing underwriter or underwriters of a proposed Underwritten Public Offering of the Registrable Securities included in a Demand Registration, advise the Company in writing that, in its or their opinion, the number of
securities requested to be included in such Demand Registration exceeds the number that can be sold in such offering without being likely to have an adverse effect on the price, timing or distribution of the securities offered or the market for the
securities offered, then the securities to be included in such Registration shall be in the case of any Demand Registration (a) first, allocated to each Holder that has requested to participate in such Demand Registration an amount equal to the
lesser of (i) the number of 

  
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such Registrable Securities requested to be registered or sold by such Holder and (ii) a number of such shares equal to such Holder’s Pro Rata Portion, and (b) second, and only if
all the securities referred to in clause (a) have been included, the number of other securities that, in the opinion of such managing underwriter or underwriters can be sold without having such adverse effect. 

Section 3.2.8. Resale Rights. In the event that an C-Corp LLC Owner Parent requests to
participate in a Registration pursuant to this Section 3.2 in connection with a distribution of Registrable Securities to its partners or members, the Registration shall provide for resale by such partners or members, if
requested by such C-Corp LLC Owner Parent. 
 Section 3.3. Shelf Registration.

 Section 3.3.1. Request for Shelf Registration. 
  

	 	(a)	 At such time as the Company is eligible to file a Registration Statement on Form
S-3, upon the written request of any C-Corp LLC Owner Parent from time to time (a “Shelf Registration Request”), the Company shall promptly file with
the SEC a shelf Registration Statement pursuant to Rule 415 under the Securities Act (“Shelf Registration Statement”) relating to the offer and sale of Registrable Securities by any Holders thereof from time to time in accordance
with the methods of distribution elected by such Holders and the Company shall use its reasonable best efforts to cause such Shelf Registration Statement to promptly become effective under the Securities Act. Any such Registration pursuant to a
Shelf Registration Request shall hereinafter be referred to as a “Shelf Registration.” 

  

	 	(b)	 If on the date of the Shelf Registration Request the Company is a WKSI, then the Shelf Registration Request may
request Registration of an unspecified amount of Registrable Securities to be sold by unspecified Holders. If on the date of the Shelf Registration Request the Company is not a WKSI, then the Shelf Registration Request shall specify the aggregate
amount of Registrable Securities to be registered. The Company shall provide to the Holders the information necessary to determine the Company’s status as a WKSI upon request. 

Section 3.3.2. Shelf Registration Notice. Promptly upon receipt of a Shelf Registration Request (but in no event more than two
Business Days thereafter (or such shorter period as may be reasonably requested in connection with an underwritten “block trade”), the Company shall deliver a written notice (a “Shelf Registration Notice”) of any such
request to all other Holders, which notice shall specify, if applicable, the amount of Registrable Securities to be registered, and the Shelf Registration Notice shall offer each such Holder the opportunity to include in the Shelf Registration that
number of Registrable Securities as each such Holder may request in writing. The Company shall include in such Shelf Registration all such Registrable Securities with respect to which the Company has received written requests for inclusion therein
within three Business Days (or such shorter period as may be reasonably requested in connection with an underwritten “block trade”) after the date that the Shelf Registration Notice has been delivered. 

Section 3.3.3. Continued Effectiveness. The Company shall use its reasonable best efforts to keep such Shelf Registration Statement
continuously effective under the Securities Act in order to permit the Prospectus forming part of the Shelf Registration Statement to be usable by Holders until the earlier of: (a) the date as of which all Registrable Securities have been sold
pursuant to the Shelf Registration Statement or another Registration Statement filed under the Securities Act (but in no event prior to the 

  
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applicable period referred to in Section 4(a)(3) of the Securities Act and Rule 174 thereunder) and (b) the date as of which no Holder holds Registrable Securities (such period of
effectiveness, the “Shelf Period”). Subject to Section 3.3.4, the Company shall be deemed not to have used its reasonable best efforts to keep the Shelf Registration Statement effective during the Shelf
Period if the Company voluntarily takes any action or omits to take any action that would result in Holders of the Registrable Securities covered thereby not being able to offer and sell any Registrable Securities pursuant to such Shelf Registration
Statement during the Shelf Period, unless such action or omission is required by applicable law. 
 Section 3.3.4. Suspension of
Registration. If the continued use of such Shelf Registration Statement at any time would require the Company to make an Adverse Disclosure, the Company may, upon giving prompt written notice of such action to the Holders, suspend use of the
Shelf Registration Statement (a “Shelf Suspension”); provided, however, that the Company shall not be permitted to exercise a Shelf Suspension more than (a) more than twice during any 12-month period, (b) for a period exceeding 60 days on any one occasion or (c) for an aggregate of more than 90 days in any 12-month period. In the case of a Shelf
Suspension, the Holders agree to suspend use of the applicable Prospectus in connection with any sale or purchase of, or offer to sell or purchase, Registrable Securities, upon receipt of the notice referred to above. The Company shall immediately
notify the Holders in writing upon the termination of any Shelf Suspension, amend or supplement the Prospectus, if necessary, so it does not contain any untrue statement or omission and furnish to the Holders such numbers of copies of the Prospectus
as so amended or supplemented as the Holders may reasonably request. The Company shall, if necessary, supplement or amend the Shelf Registration Statement, if required by the registration form used by the Company for the Shelf Registration Statement
or by the instructions applicable to such registration form or by the Securities Act or the rules or regulations promulgated thereunder or as may reasonably be requested by the Holders of a majority of Registrable Securities that are included in
such Shelf Registration Statement. 
 Section 3.3.5. Shelf Takedown. 

 

	 	(a)	 At any time the Company has an effective Shelf Registration Statement with respect to Registrable Securities,
by notice to the Company specifying the intended method or methods of disposition thereof, any C-Corp LLC Owner Parent may make a written request (a “Shelf Takedown Request”) to the Company to
effect a Public Offering, including an Underwritten Shelf Takedown, of all or a portion of such Holder’s Registrable Securities that are registered on such Shelf Registration Statement, and as soon as practicable the Company shall amend or
supplement the Shelf Registration Statement as necessary for such purpose. No Holder, other than a C-Corp LLC Owner Parent, may effect a Public Offering pursuant to this Section 3.3,
except pursuant to Section 3.3.5(b) as a Potential Takedown Participant. 

  

	 	(b)	 Promptly upon receipt of a Shelf Takedown Request (but in no event more than two Business Days thereafter (or
such shorter period as may be reasonably requested in connection with an underwritten “block trade”) for any Underwritten Shelf Takedown, the Company shall deliver a notice (a “Shelf Takedown Notice”) to each other Holder
with Registrable Securities covered by the applicable Registration Statement, or to all other Holders if such Registration Statement is undesignated (each a “Potential Takedown Participant”). The Shelf Takedown Notice shall offer
each such Potential Takedown Participant the opportunity to include in any Underwritten Shelf Takedown such number of Registrable Securities as each such Potential Takedown Participant may request in writing. The Company shall include in the
Underwritten Shelf Takedown all such Registrable Securities with respect to which the Company has received written requests for inclusion therein within three Business Days (or such shorter period as may

  
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be reasonably requested in connection with an underwritten “block trade”) after the date that the Shelf Takedown Notice has been delivered. Any Potential Takedown Participant’s
request to participate in an Underwritten Shelf Takedown shall be binding on the Potential Takedown Participant; provided that each such Potential Takedown Participant that elects to participate may condition its participation on the
Underwritten Shelf Takedown being completed within 10 Business Days of its acceptance at a price per share (after giving effect to any underwriters’ discounts or commissions) to such Potential Takedown Participant of not less than
90 percent (or such lesser percentage specified by such Potential Takedown Participant) of the closing price for the shares on their principal trading market on the Business Day immediately prior to such Potential Takedown Participant’s
election to participate (the “Participation Conditions”). Notwithstanding the delivery of any Shelf Takedown Notice, but subject to the Participation Conditions (to the extent applicable), all determinations as to whether to
complete any Underwritten Shelf Takedown and as to the timing, manner, price and other terms of any Underwritten Shelf Takedown contemplated by this Section 3.3.5 shall be determined by the initiating C-Corp LLC Owner Parents. 

  

	 	(c)	 The Company shall not be obligated to take any action to effect any Underwritten Shelf Takedown if (a) a
Demand Registration or Piggyback Registration was declared effective or an Underwritten Shelf Takedown was consummated within the preceding 90 days or (b) the value of the Registrable Securities proposed to be sold by the initiating Holders is
not at least the lesser of $10,000,000 and all of such Holder’s Registrable Securities. 

 Section 3.3.6.
Priority of Securities Sold Pursuant to Shelf Takedowns. If the managing underwriter or underwriters of a proposed Underwritten Shelf Takedown pursuant to Section 3.3.5 advise the Company in writing that, in its or
their opinion, the number of securities requested to be included in the proposed Underwritten Shelf Takedown exceeds the number that can be sold in such Underwritten Shelf Takedown without being likely to have an adverse effect on the price, timing
or distribution of the securities offered or the market for the securities offered, the number of Registrable Securities to be included in such offering shall be (a) first, allocated to each Holder that has requested to participate in such
Underwritten Shelf Takedown an amount equal to the lesser of (i) the number of such Registrable Securities requested to be registered or sold by such Holder and (ii) a number of such shares equal to such Holder’s Pro Rata Portion, and
(b) second, and only if all the securities referred to in clause (a) have been included, the number of other securities that, in the opinion of such managing underwriter or underwriters can be sold without having such adverse effect. 

Section 3.3.7. Resale Rights. In the event that a C-Corp LLC Owner Parent elects to request
a Registration pursuant to this Section 3.3 in connection with a distribution of Registrable Securities to its partners or members, the Registration shall provide for resale by such partners or members, if requested by such
C-Corp LLC Owner Parent. 
 Section 3.4. Piggyback Registration. 

Section 3.4.1. Participation. If the Company at any time proposes to file a Registration Statement under the Securities Act or to
conduct a Public Offering with respect to any offering of its equity securities for its own account or for the account of any other Persons (other than (a) a Registration under Section 3.1,
Section 3.2 or Section 3.3, (b) a Registration on Form S-4 or Form S-8 or any successor form to such forms or
(c) a Registration of securities solely relating to an offering and sale to employees or directors of the Company or its subsidiaries pursuant to any employee stock plan, employee stock purchase plan,

  
 11 

 
dividend reinvestment program or other employee benefit plan arrangement), then, as soon as practicable (but in no event less than 10 Business Days prior to the proposed date of filing of such
Registration Statement or, in the case of a Public Offering under a Shelf Registration Statement, the anticipated pricing or trade date), the Company shall give written notice (a “Piggyback Notice”) of such proposed filing or Public
Offering to all Holders, and such Piggyback Notice shall offer the Holders the opportunity to register under such Registration Statement, or to sell in such Public Offering, such number of Registrable Securities as each such Holder may request in
writing (a “Piggyback Registration”). Subject to Section 3.4.2, the Company shall include in such Registration Statement or in such Public Offering as applicable, all such Registrable Securities that are
requested to be included therein within five Business Days after the receipt by such Holder of any such notice; provided, however, that if at any time after giving written notice of its intention to register or sell any securities and
prior to the effective date of the Registration Statement filed in connection with such Registration, or the pricing or trade date of a Public Offering under a Shelf Registration Statement, the Company determines for any reason not to register or
sell or to delay Registration or the sale of such securities, the Company shall give written notice of such determination to each Holder and, thereupon, (x) in the case of a determination not to register or sell, shall be relieved of its
obligation to register or sell any Registrable Securities in connection with such Registration or Public Offering (but not from its obligation to pay the Registration Expenses in connection therewith), without prejudice, however, to the rights of
any Holders entitled to request that such Registration or sale be effected as a Demand Registration under Section 3.2 or an Underwritten Shelf Takedown under Section 3.3, as the case may be, and
(y) in the case of a determination to delay Registration or sale, in the absence of a request for a Demand Registration or an Underwritten Shelf Takedown, as the case may be, shall also be permitted to delay registering or selling any
Registrable Securities. Any Holder shall have the right to withdraw all or part of its request for inclusion of its Registrable Securities in a Piggyback Registration by giving written notice to the Company of its request to withdraw. 

Section 3.4.2. Priority of Piggyback Registration. If the managing underwriter or underwriters of any proposed offering of
Registrable Securities included in a Piggyback Registration informs the Company and the participating Holders in writing that, in its or their opinion, the number of securities that such Holders and any other Persons intend to include in such
offering exceeds the number that can be sold in such offering without being likely to have a significant adverse effect on the price, timing or distribution of the securities offered or the market for the securities offered, then the securities to
be included in such Registration shall be (a) first, 100 percent of the securities that the Company proposes to sell, and (b) second, and only if all the securities referred to in clause (a) have been included, the number of
Registrable Securities that, in the opinion of such managing underwriter or underwriters, can be sold without having such adverse effect, with such number to be allocated among the Holders that have requested to participate in such Registration
based on an amount equal to the lesser of (x) the number of such Registrable Securities requested to be sold by such Holder, and (y) a number of such shares equal to such Holder’s Pro Rata Portion and (z) third, and only if all
of the Registrable Securities referred to in clause (y) have been included in such Registration, any other securities eligible for inclusion in such Registration. 

Section 3.4.3. No Effect on Other Registrations. No Registration of Registrable Securities effected pursuant to a request under
this Section 3.4 shall be deemed to have been effected pursuant to Section 3.2 and Section 3.3 or shall relieve the Company of its obligations under
Section 3.2 and Section 3.3. 
 Section 3.5. Lock-Up Agreements. In connection with each Registration or sale of Registrable Securities pursuant to Section 3.2, Section 3.3 or
Section 3.4 conducted as an Underwritten Public 

  
 12 

 
Offering, each Holder agrees, if requested, to become bound by and to execute and deliver a lock-up agreement with the underwriter(s) of such Public
Offering restricting such Holder’s right to (a) Transfer, directly or indirectly, any equity securities of the Company held by such Holder or (b) enter into any swap or other arrangement that transfers to another any of the economic
consequences of ownership of such securities during the period commencing on the date of the final Prospectus relating to such Public Offering and ending on the date specified by the underwriters (such period not to exceed 90 days plus such
additional period as may be requested by the Company or an underwriter due to regulatory restrictions on the publication or other distribution of research reports and analyst recommendations and opinions, if applicable). The terms of such lock-up agreements shall be negotiated among the C-Corp LLC Owner Parents, the Company and the underwriters and shall include customary carve-outs from the restrictions on
Transfer set forth therein. 
 Section 3.6. Registration Procedures. 

Section 3.6.1. Requirements. In connection with the Company’s obligations under Section 3.1,
Section 3.2, Section 3.3 and Section 3.4, the Company shall use its reasonable best efforts to effect such Registration and to permit the sale of such Registrable
Securities in accordance with the intended method or methods of distribution thereof as expeditiously as reasonably practicable, and in connection therewith the Company shall: 
  

	 	(a)	 as promptly as practicable, prepare the required Registration Statement, including all exhibits and financial
statements required under the Securities Act to be filed therewith and Prospectus, and, before filing a Registration Statement or Prospectus or any amendments or supplements thereto, (i) furnish to the underwriters, if any, and to the Holders
of the Registrable Securities covered by such Registration Statement, copies of all documents prepared to be filed, which documents shall be subject to the review of such underwriters and such Holders and their respective counsel, (ii) make
such changes in such documents concerning the Holders prior to the filing thereof as such Holders, or their counsel, may reasonably request and (iii) except in the case of a Registration under Section 3.4, not file any
Registration Statement or Prospectus or amendments or supplements thereto to which the participating Holders, in such capacity, or the underwriters, if any, shall reasonably object; 

 

	 	(b)	 prepare and file with the SEC such amendments and post-effective amendments to such Registration Statement and
supplements to the Prospectus as may be (i) reasonably requested by any participating Holder with Registrable Securities covered by such Registration Statement, (ii) reasonably requested by any participating Holder (to the extent such
request relates to information relating to such Holder) or (iii) necessary to keep such Registration Statement effective for the period of time required by this Agreement and comply with provisions of the applicable securities laws with respect
to the sale or other disposition of all securities covered by such Registration Statement during such period in accordance with the intended method or methods of disposition by the sellers thereof set forth in such Registration Statement;

  

	 	(c)	 notify the participating Holders and the managing underwriter or underwriters, if any, and (if requested)
confirm such notice in writing and provide copies of the relevant documents, as soon as reasonably practicable after notice thereof is received by the Company (i) when the applicable Registration Statement or any amendment thereto has been
filed or becomes effective, and when the applicable Prospectus or any amendment or supplement thereto has 

  
 13 

	 	
been filed, (ii) of any written comments by the SEC, or any request by the SEC or other federal or state governmental authority for amendments or supplements to such Registration Statement
or such Prospectus, or for additional information (whether before or after the effective date of the Registration Statement) or any other correspondence with the SEC relating to, or which may affect, the Registration, (iii) of the issuance by
the SEC of any stop order suspending the effectiveness of such Registration Statement or any order by the SEC or any other regulatory authority preventing or suspending the use of any preliminary or final Prospectus or the initiation or threatening
of any proceedings for such purposes, (iv) if, at any time, the representations and warranties of the Company in any applicable underwriting agreement cease to be true and correct in all material respects and (v) of the receipt by the
Company of any notification with respect to the suspension of the qualification of the Registrable Securities for offering or sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose; 

 

	 	(d)	 promptly notify each selling Holder and the managing underwriter or underwriters, if any, when the Company
becomes aware of the happening of any event as a result of which the applicable Registration Statement or the Prospectus included in such Registration Statement (as then in effect) contains any untrue statement of a material fact or omits to state a
material fact necessary to make the statements therein (in the case of such Prospectus or any preliminary Prospectus, in light of the circumstances under which they were made) not misleading, when any Issuer Free Writing Prospectus includes
information that may conflict with the information contained in the Registration Statement, or, if for any other reason it shall be necessary during such time period to amend or supplement such Registration Statement or Prospectus in order to comply
with the Securities Act and, as promptly as reasonably practicable thereafter, prepare and file with the SEC, and furnish without charge to the selling Holders and the managing underwriter or underwriters, if any, an amendment or supplement to such
Registration Statement or Prospectus, which shall correct such misstatement or omission or effect such compliance; 

  

	 	(e)	 to the extent the Company is eligible under the relevant provisions of Rule 430B under the Securities Act and
if the Company files any Shelf Registration Statement, include in such Shelf Registration Statement such disclosures as may be required by Rule 430B under the Securities Act (referring to the unnamed selling security holders in a generic manner by
identifying the initial offering of the securities to the Holders) in order to ensure that the Holders may be added to such Shelf Registration Statement at a later time through the filing of a Prospectus supplement rather than a post-effective
amendment; 

  

	 	(f)	 prevent, or obtain the withdrawal of, any stop order or other order or notice preventing or suspending the use
of any preliminary or final Prospectus; 

  

	 	(g)	 promptly incorporate in a Prospectus supplement, Issuer Free Writing Prospectus or post-effective amendment
such information as the managing underwriter or underwriters and the participating C-Corp LLC Owner Parents agree should be included therein relating to the plan of distribution with respect to such
Registrable Securities and make all required filings of such Prospectus supplement, Issuer Free Writing Prospectus or post-effective amendment as soon as reasonably practicable after being notified of the matters to be incorporated in such
Prospectus supplement, Issuer Free Writing Prospectus or post-effective amendment; 

  
 14 

	 	(h)	 furnish to each selling Holder and each underwriter, if any, without charge, as many conformed copies as such
Holder or underwriter may reasonably request of the applicable Registration Statement and any amendment or post-effective amendment or supplement thereto, including financial statements and schedules, all documents incorporated therein by reference
and all exhibits (including those incorporated by reference); 

  

	 	(i)	 deliver to each selling Holder and each underwriter, if any, without charge, as many copies of the applicable
Prospectus (including each preliminary Prospectus) and any amendment or supplement thereto and such other documents as such Holder or underwriter may reasonably request in order to facilitate the disposition of the Registrable Securities by such
Holder or underwriter (it being understood that the Company shall consent to the use of such Prospectus or any amendment or supplement thereto by each of the selling Holders and the underwriters, if any, in connection with the offering and sale of
the Registrable Securities covered by such Prospectus or any amendment or supplement thereto); 

  

	 	(j)	 on or prior to the date on which the applicable Registration Statement becomes effective, use its reasonable
best efforts to register or qualify, and cooperate with the selling Holders, the managing underwriter or underwriters, if any, and their respective counsel, in connection with the Registration or qualification of such Registrable Securities for
offer and sale under the securities or “Blue Sky” laws of each state and other jurisdiction as any such selling Holder or managing underwriter or underwriters, if any, or their respective counsel reasonably request in writing and do any
and all other acts or things reasonably necessary or advisable to keep such Registration or qualification in effect for such period as required by Section 3.2 or Section 3.3, as applicable,
provided that the Company shall not be required to qualify generally to do business in any jurisdiction where it is not then so qualified or to take any action that would subject it to taxation or general service of process in any such jurisdiction
where it is not then so subject; 

  

	 	(k)	 cooperate with the selling Holders and the managing underwriter or underwriters, if any, to facilitate the
timely preparation and delivery of certificates representing Registrable Securities to be sold and not bearing any restrictive legends; and enable such Registrable Securities to be in such denominations and registered in such names as the managing
underwriters may request prior to any sale of Registrable Securities to the underwriters; 

  

	 	(l)	 cause the Registrable Securities covered by the applicable Registration Statement to be registered with or
approved by such other governmental agencies or authorities as may be necessary to enable the seller or sellers thereof or the underwriter or underwriters, if any, to consummate the disposition of such Registrable Securities; 

 

	 	(m)	 make such representations and warranties to the Holders being registered, and the underwriters or agents, if
any, in form, substance and scope as are customarily made by issuers in public offerings similar to the offering then being undertaken; 

  

	 	(n)	 enter into such customary agreements (including underwriting and indemnification agreements) and take all such
other actions as the participating C-Corp LLC Owner Parents or the managing underwriter or underwriters, if any, reasonably request in order to expedite or facilitate the Registration and disposition of such
Registrable Securities; 

  
 15 

	 	(o)	 obtain for delivery to the Holders being registered and to the underwriter or underwriters, if any, an opinion
or opinions from counsel for the Company dated the most recent effective date of the Registration Statement or, in the event of an Underwritten Public Offering, the date of the closing under the underwriting agreement, in customary form, scope and
substance, which opinions shall be reasonably satisfactory to such Holders or underwriters, as the case may be, and their respective counsel; 

  

	 	(p)	 in the case of an Underwritten Public Offering, obtain for delivery to the Company and the managing underwriter
or underwriters, with copies to the Holders included in such Registration or sale, a comfort letter from the Company’s independent certified public accountants or independent auditors (and, if necessary, any other independent certified public
accountants or independent auditors of any subsidiary of the Company or any business acquired by the Company for which financial statements and financial data are, or are required to be, included in the Registration Statement) in customary form and
covering such matters of the type customarily covered by comfort letters as the managing underwriter or underwriters reasonably request, dated the date of execution of the underwriting agreement and brought down to the closing under the underwriting
agreement; 

  

	 	(q)	 cooperate with each seller of Registrable Securities and each underwriter, if any, participating in the
disposition of such Registrable Securities and their respective counsel in connection with any filings required to be made with FINRA; 

  

	 	(r)	 comply with all applicable securities laws and, if a Registration Statement was filed, make available to its
security holders, as soon as reasonably practicable, an earnings statement satisfying the provisions of Section 11(a) of the Securities Act and the rules and regulations promulgated thereunder; 

 

	 	(s)	 provide and cause to be maintained a transfer agent and registrar for all Registrable Securities covered by the
applicable Registration Statement; 

  

	 	(t)	 cause all Registrable Securities covered by the applicable Registration Statement to be listed on each
securities exchange on which any of the Company’s equity securities are then listed or quoted and on each inter-dealer quotation system on which any of the Company’s equity securities are then quoted. 

 

	 	(u)	 make available upon reasonable notice at reasonable times and for reasonable periods for inspection by a
representative appointed by the participating C-Corp LLC Owner Parents, by any underwriter participating in any disposition to be effected pursuant to such Registration Statement and by any attorney,
accountant or other agent retained by such Holders or any such underwriter, all pertinent financial and other records and pertinent corporate documents and properties of the Company, and cause all of the Company’s officers, directors and
employees and the independent public accountants who have certified its financial statements to make themselves available to discuss the business of the Company and to supply all information reasonably requested by any such Person in connection with
such Registration Statement; 

  

	 	(v)	 in the case of an Underwritten Public Offering, cause the senior executive officers of the Company to
participate in the customary “road show” presentations that may be reasonably requested by the managing underwriter or underwriters in any such offering and otherwise to facilitate, cooperate with, and participate in each proposed offering
contemplated herein and customary selling efforts related thereto; 

  
 16 

	 	(w)	 take no direct or indirect action prohibited by Regulation M under the Exchange Act; 

 

	 	(x)	 take all reasonable action to ensure that any Issuer Free Writing Prospectus utilized in connection with any
Registration complies in all material respects with the Securities Act, is filed in accordance with the Securities Act to the extent required thereby, is retained in accordance with the Securities Act to the extent required thereby and, when taken
together with the related Prospectus, will not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading; and

  

	 	(y)	 take all such other commercially reasonable actions as are necessary or advisable in order to expedite or
facilitate the disposition of such Registrable Securities in accordance with the terms of this Agreement. 

Section 3.6.2. Company Information Requests. The Company may require each seller of Registrable Securities as to which any
Registration or sale is being effected to furnish to the Company such information regarding the distribution of such securities and such other information relating to such Holder and its ownership of Registrable Securities as the Company may from
time to time reasonably request in writing and the Company may exclude from such Registration or sale the Registrable Securities of any such Holder who unreasonably fails to furnish such information within a reasonable time after receiving such
request. Each Holder agrees to furnish such information to the Company and to cooperate with the Company as reasonably necessary to enable the Company to comply with the provisions of this Agreement. 

Section 3.6.3. Discontinuing Registration. Each Holder agrees that, upon receipt of any notice from the Company of the occurrence
of any event of the kind described in Section 3.6.1(d), such Holder will discontinue disposition of Registrable Securities pursuant to such Registration Statement until such Holder’s receipt of the copies of the
supplemented or amended Prospectus contemplated by Section 3.6.1(d), or until such Holder is advised in writing by the Company that the use of the Prospectus may be resumed, and has received copies of any additional or
supplemental filings that are incorporated by reference in the Prospectus, or any amendments or supplements thereto, and if so directed by the Company, such Holder shall deliver to the Company (at the Company’s expense) all copies, other than
permanent file copies then in such Holder’s possession, of the Prospectus covering such Registrable Securities current at the time of receipt of such notice. In the event the Company shall give any such notice, the period during which the
applicable Registration Statement is required to be maintained effective shall be extended by the number of days during the period from and including the date of the giving of such notice to and including the date when each seller of Registrable
Securities covered by such Registration Statement either receives the copies of the supplemented or amended Prospectus contemplated by Section 3.6.1(d) or is advised in writing by the Company that the use of the Prospectus
may be resumed. 
 Section 3.7. Underwritten Offerings. 

Section 3.7.1. Shelf and Demand Registrations. If requested by the underwriters for any Underwritten Public Offering, pursuant to a
Registration or sale under Section 3.2 or Section 3.3, the 

  
 17 

 
Company shall enter into an underwriting agreement with such underwriters, such agreement to be reasonably satisfactory in substance and form to each of the Company, the participating C-Corp LLC Owner Parents and the underwriters, and to contain such representations and warranties by the Company and such other terms as are generally prevailing in agreements of that type, including indemnities no
less favorable to the recipient thereof than those provided in Section 3.10. The Holders of the Registrable Securities proposed to be distributed by such underwriters shall cooperate with the Company in the negotiation of
the underwriting agreement and shall give consideration to the reasonable suggestions of the Company regarding the form thereof, and such Holders shall complete and execute all questionnaires, powers of attorney and other documents reasonably
requested by the underwriters and required under the terms of such underwriting arrangements. Any such Holder shall not be required to make any representations or warranties to or agreements with the Company or the underwriters other than
representations, warranties or agreements regarding such Holder, such Holder’s title to the Registrable Securities, such Holder’s intended method of distribution and any other representations to be made by the Holder as are generally
prevailing in agreements of that type, and the aggregate amount of the liability of such Holder under such agreement shall not exceed such Holder’s proceeds from the sale of its Registrable Securities in the offering, net of underwriting
discounts and commissions but before expenses. 
 Section 3.7.2. Piggyback Registrations. If the Company proposes to register or
sell any of its securities under the Securities Act as contemplated by Section 3.4 and such securities are to be distributed through one or more underwriters, the Company shall, if requested by any Holder pursuant to
Section 3.4 and, subject to the provisions of Section 3.4.2, use its reasonable best efforts to arrange for such underwriters to include on the same terms and conditions that apply to the other
sellers in such Registration or sale all the Registrable Securities to be offered and sold by such Holder among the securities of the Company to be distributed by such underwriters in such Registration or sale. The Holders of Registrable Securities
to be distributed by such underwriters shall be parties to the underwriting agreement between the Company and such underwriters and shall complete and execute all questionnaires, powers of attorney and other documents reasonably requested by the
underwriters and required under the terms of such underwriting arrangements. Any such Holder shall not be required to make any representations or warranties to or agreements with the Company or the underwriters other than representations, warranties
or agreements regarding such Holder, such Holder’s title to the Registrable Securities, such Holder’s intended method of distribution and any other representations to be made by the Holder as are generally prevailing in agreements of that
type, and the aggregate amount of the liability of such Holder shall not exceed such Holder’s proceeds from the sale of its Registrable Securities in the offering, net of underwriting discounts and commissions but before expenses. 

Section 3.7.3. Selection of Underwriters; Selection of Counsel. In the case of an Underwritten Public Offering under
Section 3.2 or Section 3.3, the managing underwriter or underwriters to administer the offering shall be determined by the C-Corp LLC Owner Parent or, if not
participating, by any other C-Corp LLC Owner Parent; provided that such underwriter or underwriters shall be reasonably acceptable to the Company. In the case of an Underwritten Public Offering under
Section 3.4, the managing underwriter or underwriters to administer the offering shall be determined by the Company; provided that such underwriter or underwriters shall be reasonably acceptable to the Holders of a
majority of the Registrable Securities being sold. In the case of an Underwritten Public Offering under Section 3.2, Section 3.3 or Section 3.4, legal counsel for a C-Corp LLC Owner Parent shall be selected by such C-Corp LLC Owner Parent and legal counsel for the other Holders shall be selected by participating Holders holding a majority
of the Registrable Securities proposed to be included in the Public Offering. 

  
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 Section 3.8. No Inconsistent Agreements; Additional
Rights. Neither the Company nor any of its subsidiaries shall hereafter enter into, and neither the Company nor any of its subsidiaries is currently a party to, any agreement with respect to its securities that is inconsistent with
the rights granted to the Holders by this Agreement. Neither the Company nor any of its subsidiaries shall enter into any agreement granting registration or similar rights to any Person, and the Company hereby represents and warrants that, as of the
date hereof, no registration or similar rights have been granted to any other Person other than pursuant to this Agreement. 

Section 3.9. Registration Expenses. All expenses incident to the Company’s performance of
or compliance with this Agreement shall be paid by the Company, including (a) all registration and filing fees, and any other fees and expenses associated with filings required to be made with the SEC or FINRA, (b) all fees and expenses in
connection with compliance with any securities or “Blue Sky” laws (including reasonable fees and disbursements of counsel for the underwriters in connection with blue sky qualifications of the Registrable Securities), (c) all printing,
duplicating, word processing, messenger, telephone, facsimile and delivery expenses (including expenses of printing certificates for the Registrable Securities in a form eligible for deposit with The Depository Trust Company and of printing
Prospectuses), (d) all fees and disbursements of counsel for the Company and of all independent certified public accountants or independent auditors of the Company and any subsidiaries of the Company (including the expenses of any special audit and
comfort letters required by or incident to such performance), (e) Securities Act liability insurance or similar insurance if the Company so desires or the underwriters so require in accordance with then-customary underwriting practice, (f) all
fees and expenses incurred in connection with the listing of the Registrable Securities on any securities exchange or quotation of the Registrable Securities on any inter-dealer quotation system, (g) all reasonable fees and disbursements of
legal counsel for the C-Corp LLC Owner Parents and one counsel for other Holders collectively, (h) all fees and expenses of any special experts or other Persons retained by the Company in connection with
any Registration or sale, (i) all of the Company’s internal expenses (including all salaries and expenses of its officers and employees performing legal or accounting duties) and (j) all expenses related to the “road show”
for any Underwritten Public Offering (including the reasonable out-of-pocket expenses of the Holders and underwriters, if so requested). All such expenses are referred
to herein as “Registration Expenses.” The Company shall not be required to pay any fees and disbursements to underwriters not customarily paid by the issuers of securities in an offering similar to the applicable offering, including
underwriting discounts and commissions and transfer taxes, if any, attributable to the sale of Registrable Securities. 

Section 3.10. Indemnification. 

Section 3.10.1. Indemnification by the Company. The Company shall indemnify and hold harmless, to the full extent permitted by law,
each Holder, each shareholder, member, limited or general partner of such Holder, each shareholder, member, limited or general partner of each such shareholder, member, limited or general partner, each of their respective Affiliates, officers,
directors, shareholders, employees, advisors, and agents and each Person who controls (within the meaning of the Securities Act or the Exchange Act) such Persons and each of their respective Representatives from and against any and all losses,
penalties, judgments, suits, costs, claims, damages, liabilities and expenses, joint or several (including reasonable costs of investigation and legal expenses) (each, a “Loss” and collectively “Losses”) arising out
of or based upon (a) any untrue or alleged untrue statement of a material fact contained in any Registration Statement under which such Registrable Securities are registered or sold under the Securities Act (including any final, preliminary or
summary Prospectus contained therein or any amendment thereof or supplement thereto or any documents incorporated by reference therein) or any other disclosure document produced by or on behalf of the Company or any of its subsidiaries including any
report and 

  
 19 

 
other document filed under the Exchange Act, (b) any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein
(in the case of a Prospectus or preliminary Prospectus, in light of the circumstances under which they were made) not misleading or (c) any violation or alleged violation by the Company or any of its subsidiaries of any federal, state, foreign
or common law rule or regulation applicable to the Company or any of its subsidiaries and relating to action or inaction in connection with any such registration, disclosure document or other document or report; provided, that no selling
Holder shall be entitled to indemnification pursuant to this Section 3.10.1 in respect of any untrue statement or omission contained in any information relating to such selling Holder furnished in writing by such selling
Holder to the Company specifically for inclusion in a Registration Statement and used by the Company in conformity therewith (such information, “Selling Stockholder Information”). This indemnity shall be in addition to any liability
the Company may otherwise have. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of such Holder or any indemnified party and shall survive the Transfer of such securities by such Holder and
regardless of any indemnity agreed to in the underwriting agreement that is less favorable to the Holders. The Company shall also indemnify underwriters, selling brokers, dealer managers and similar securities industry professionals participating in
the distribution, their respective officers and directors and each Person who controls such Persons (within the meaning of the Securities Act and the Exchange Act) to the same extent as provided above (with appropriate modification) with respect to
the indemnification of the indemnified parties. 
 Section 3.10.2. Indemnification by the Selling Holders. Each selling Holder
agrees (severally and not jointly) to indemnify and hold harmless, to the fullest extent permitted by law, the Company, its directors and officers and each Person who controls the Company (within the meaning of the Securities Act or the Exchange
Act) from and against any Losses resulting from (a) any untrue statement of a material fact in any Registration Statement under which such Registrable Securities were registered or sold under the Securities Act (including any final, preliminary
or summary Prospectus contained therein or any amendment thereof or supplement thereto or any documents incorporated by reference therein) or (b) any omission to state therein a material fact required to be stated therein or necessary to make
the statements therein (in the case of a Prospectus or preliminary Prospectus, in light of the circumstances under which they were made) not misleading, in each case to the extent, but only to the extent, that such untrue statement or omission is
contained in such selling Holder’s Selling Stockholder Information. In no event shall the liability of any selling Holder hereunder be greater in amount than the dollar amount of the proceeds from the sale of its Registrable Securities in the
offering giving rise to such indemnification obligation, net of underwriting discounts and commissions but before expenses, less any amounts paid by such Holder pursuant to Section 3.10.4 and any amounts paid by such Holder
as a result of liabilities incurred under the underwriting agreement, if any, related to such sale. 
 Section 3.10.3. Conduct of
Indemnification Proceedings. Any Person entitled to indemnification hereunder shall (a) give prompt written notice to the indemnifying party of any claim with respect to which it seeks indemnification (provided that any delay or
failure to so notify the indemnifying party shall relieve the indemnifying party of its obligations hereunder only to the extent, if at all, that it is actually and materially prejudiced by reason of such delay or failure) and (b) permit such
indemnifying party to assume the defense of such claim with counsel reasonably satisfactory to the indemnified party; provided, however, that any Person entitled to indemnification hereunder shall have the right to select and employ
separate counsel and to participate in the defense of such claim, but the fees and expenses of such counsel shall be at the expense of such Person unless (l) the indemnifying party has agreed in writing to pay such fees or expenses,
(m) the indemnifying party shall have failed to assume the defense of such claim within a reasonable time after receipt of notice of such claim from the Person entitled to indemnification 

  
 20 

 
hereunder and employ counsel reasonably satisfactory to such Person, (n) the indemnified party has reasonably concluded (based upon advice of its counsel) that there may be legal defenses
available to it or other indemnified parties that are different from or in addition to those available to the indemnifying party, or (o) in the reasonable judgment of any such Person (based upon advice of its counsel) a conflict of interest may
exist between such Person and the indemnifying party with respect to such claims (in which case, if the Person notifies the indemnifying party in writing that such Person elects to employ separate counsel at the expense of the indemnifying party,
the indemnifying party shall not have the right to assume the defense of such claim on behalf of such Person). If the indemnifying party assumes the defense, the indemnifying party shall not have the right to settle such action without the consent
of the indemnified party. No indemnifying party shall consent to entry of any judgment or enter into any settlement that does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of an
unconditional release from all liability in respect to such claim or litigation without the prior written consent of such indemnified party. If such defense is not assumed by the indemnifying party, the indemnifying party will not be subject to any
liability for any settlement made without its prior written consent, but such consent may not be unreasonably withheld. It is understood that the indemnifying party or parties shall not, except as specifically set forth in this
Section 3.10.3 and in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees, disbursements or other charges of more than one separate firm admitted to practice in
such jurisdiction at any one time unless (x) the employment of more than one counsel has been authorized in writing by the indemnifying party or parties, (y) an indemnified party has reasonably concluded (based on the advice of counsel)
that there may be legal defenses available to it that are different from or in addition to those available to the other indemnified parties or (z) a conflict or potential conflict exists or may exist (based upon advice of counsel to an
indemnified party) between such indemnified party and the other indemnified parties, in each of which cases the indemnifying party shall be obligated to pay the reasonable fees and expenses of such additional counsel or counsels. 

Section 3.10.4. Contribution. If for any reason the indemnification provided for in Section 3.10.1 and
Section 3.10.2 is unavailable to an indemnified party or insufficient in respect of any Losses referred to therein (other than as a result of exceptions or limitations on indemnification contained in
Section 3.10.1 and Section 3.10.2), then the indemnifying party shall contribute to the amount paid or payable by the indemnified party as a result of such Loss in such proportion as is appropriate
to reflect the relative fault of the indemnifying party on the one hand and the indemnified party or parties on the other hand in connection with the acts, statements or omissions that resulted in such Losses, as well as any other relevant equitable
considerations. In connection with any Registration Statement filed with the SEC by the Company, the relative fault of the indemnifying party on the one hand and the indemnified party on the other hand shall be determined by reference to, among
other things, whether any untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the indemnifying party or by the indemnified party and the parties’
relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. The parties hereto agree that it would not be just or equitable if contribution pursuant to this
Section 3.10.4 were determined by pro rata allocation or by any other method of allocation that does not take account of the equitable considerations referred to in this Section 3.10.4. No Person
guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The amount paid or payable by an
indemnified party as a result of the Losses referred to in Section 3.10.1 and Section 3.10.2 shall be deemed to include, subject to the limitations set forth above, any legal or other expenses
reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 3.10.4, in connection with any Registration

  
 21 

 
Statement filed by the Company, a selling Holder shall not be required to contribute any amount in excess of the dollar amount of the proceeds from the sale of its Registrable Securities in the
offering giving rise to such contribution obligation, net of underwriting discounts and commissions but before expenses, less any amounts paid by such Holder pursuant to Section 3.10.2 and any amounts paid by such Holder as
a result of liabilities incurred under the underwriting agreement, if any, related to such sale. If indemnification is available under this Section 3.10, the indemnifying parties shall indemnify each indemnified party to
the full extent provided in Section 3.10.1 and Section 3.10.2 hereof without regard to the provisions of this Section 3.10.4. The remedies provided for in this
Section 3.10 are not exclusive and shall not limit any rights or remedies that may otherwise be available to any indemnified party at law or in equity. 

Section 3.11. Rules 144 and 144A and Regulation S. The Company shall file the reports required to be filed by it under the
Securities Act and the Exchange Act and the rules and regulations adopted by the SEC thereunder (or, if the Company is not required to file such reports, it will, upon the request of any Holder, make publicly available such necessary information for
so long as necessary to permit sales that would otherwise be permitted by this Agreement pursuant to Rule 144, Rule 144A or Regulation S under the Securities Act, as such rules may be amended from time to time or any similar rule or regulation
hereafter adopted by the SEC), and it will take such further action as any Holder may reasonably request, all to the extent required from time to time to enable such Holder to sell Registrable Securities without Registration under the Securities Act
in transactions that would otherwise be permitted by this Agreement and within the limitation of the exemptions provided by (a) Rule 144, Rule 144A or Regulation S under the Securities Act, as such rules may be amended from time to time, or
(b) any similar rule or regulation hereafter adopted by the SEC. Upon the request of any Holder, the Company will deliver to such Holder a written statement as to whether it has complied with such requirements and, if not, the specifics
thereof. 
 Section 3.12. Existing Registration Statements. Notwithstanding anything herein to the contrary and subject to
applicable law and regulation, the Company may satisfy any obligation hereunder to file a Registration Statement or to have a Registration Statement become effective by a specified date by designating, by notice to the Holders, a Registration
Statement that previously has been filed with the SEC or become effective, as the case may be, as the relevant Registration Statement for purposes of satisfying such obligation, and all references to any such obligation shall be construed
accordingly; provided that such previously filed Registration Statement may be, and is, amended or, subject to applicable securities laws, supplemented to add the number of Registrable Securities, and, to the extent necessary, to identify as
selling stockholders those Holders demanding the filing of a Registration Statement pursuant to the terms of this Agreement. To the extent this Agreement refers to the filing or effectiveness of other Registration Statements, by or at a specified
time and the Company has, in lieu of then filing such Registration Statements or having such Registration Statements become effective, designated a previously filed or effective Registration Statement as the relevant Registration Statement for such
purposes, in accordance with the preceding sentence, such references shall be construed to refer to such designated Registration Statement, as amended or supplemented in the manner contemplated by the immediately preceding sentence. 

ARTICLE IV 

MISCELLANEOUS 

Section 4.1. Authority; Effect. Each party hereto represents and warrants to and agrees with
each other party that the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized on behalf of such party and do not violate any agreement or other instrument applicable to such
party or by which its assets are bound. This Agreement does not, 

  
 22 

 
and shall not be construed to, give rise to the creation of a partnership among any of the parties hereto, or to constitute any of such parties members of a joint venture or other association.
The Company and its subsidiaries shall be jointly and severally liable for all obligations of each such party pursuant to this Agreement. 

Section 4.2. Notices. Any notices, requests, demands and other communications required or
permitted in this Agreement shall be effective if in writing and (a) delivered personally, (b) sent by facsimile or e-mail or (c) sent by overnight courier, in each case, addressed as follows:

 If to the Company to: 

PetIQ, Inc. 
 500 E. Shore Drive,
Suite 120 
 Eagle, Idaho 83616 

Email: rmooney@truescience.com 

Attn: Robert P. K. Mooney, General Counsel 

with a copy to: 

Winston & Strawn LLP 

200 Park Avenue 
 New York, New
York 10166 
 Fax: (212) 294-4700 

Email: ddechiara@winston.com 

Attn: Dominick P. DeChiara 
 and

 Winston & Strawn LLP 

35 West Wacker Drive 
 Chicago,
Illinois 60601 
 Fax: (312) 558-5700 

Email: jjunewicz@winston.com 

Attn: James J. Junewicz 
 If to a
C-Corp LLC Owner Parent or Continuing LLC Owner, to such party’s address as set forth on the signature pages hereto. 

Notice to the holder of record of any Registrable Securities shall be deemed to be notice to the holder of such securities for all purposes hereof. 

Unless otherwise specified herein, such notices or other communications shall be deemed effective (x) on the date received, if personally
delivered, (y) on the date received if delivered by facsimile or e-mail on a Business Day, or if not delivered on a Business Day, on the first Business Day thereafter and (z) two Business Days after
being sent by overnight courier. Each of the parties hereto shall be entitled to specify a different address by giving notice as aforesaid to each of the other parties hereto. 

  
 23 

 Section 4.3. Termination and Effect of
Termination. This Agreement shall terminate upon the date on which no Holder holds any Registrable Securities, except for the provisions of Section 3.10 and Section 3.11, which shall
survive any such termination. No termination under this Agreement shall relieve any Person of liability for breach or Registration Expenses incurred prior to termination. In the event this Agreement is terminated, each Person entitled to
indemnification rights pursuant to Section 3.10 hereof shall retain such indemnification rights with respect to any matter that (a) may be an indemnified liability thereunder and (b) occurred prior to such
termination. 
 Section 4.4. Permitted Transferees. The rights of a Holder hereunder may be
assigned (but only with all related obligations as set forth below) in connection with a Transfer of Registrable Securities to a Permitted Transferee of that Holder. Without prejudice to any other or similar conditions imposed hereunder with respect
to any such Transfer, no assignment permitted under the terms of this Section 4.4 will be effective unless the Permitted Transferee to which the assignment is being made, if not a Holder, has delivered to the Company a
written acknowledgment and agreement in form and substance reasonably satisfactory to the Company that the Permitted Transferee will be bound by, and will be a party to, this Agreement. A Permitted Transferee to whom rights are transferred pursuant
to this Section 4.4 may not again transfer those rights to any other Permitted Transferee, other than as provided in this Section 4.4. 

Section 4.5. Remedies. The parties to this Agreement shall have all remedies available at law,
in equity or otherwise in the event of any breach or violation of this Agreement or any default hereunder. The parties acknowledge and agree that in the event of any breach of this Agreement, in addition to any other remedies that may be available,
each of the parties hereto shall be entitled to specific performance of the obligations of the other parties hereto and, in addition, to such other equitable remedies (including preliminary or temporary relief) as may be appropriate in the
circumstances. No delay of or omission in the exercise of any right, power or remedy accruing to any party as a result of any breach or default by any other party under this Agreement shall impair any such right, power or remedy, nor shall it be
construed as a waiver of or acquiescence in any such breach or default, or of any similar breach or default occurring later; nor shall any such delay, omission nor waiver of any single breach or default be deemed a waiver of any other breach or
default occurring before or after that waiver. 
 Section 4.6. Amendments. This Agreement may
not be orally amended, modified, extended or terminated, nor shall any oral waiver of any of its terms be effective. This Agreement may be amended, modified, extended or terminated, and the provisions hereof may be waived, only by an agreement in
writing signed by (a) the Company, (b) a majority of the C-Corp LLC Owner Parents and (c) a majority of the Continuing LLC Owners; provided, however, that any amendment,
modification, extension or termination that disproportionately and adversely affects any Holder shall require the prior written consent of such Holder. Each such amendment, modification, extension or termination shall be binding upon each party
hereto. In addition, each party hereto may waive any right hereunder by an instrument in writing signed by such party. 

Section 4.7. Governing Law. This Agreement and all claims arising out of or based upon this
Agreement or relating to the subject matter hereof shall be governed by and construed in accordance with the domestic substantive laws of the State of New York without giving effect to any choice or conflict of laws provision or rule that would
cause the application of the domestic substantive laws of any other jurisdiction. 
 Section 4.8. Consent to
Jurisdiction. Each party to this Agreement, by its execution hereof, (a) hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in the State of New

  
 24 

 
York for the purpose of any action, claim, cause of action or suit (in contract, tort or otherwise), inquiry, proceeding or investigation arising out of or based upon this Agreement or relating
to the subject matter hereof, (b) hereby waives to the extent not prohibited by applicable law, and agrees not to assert, and agrees not to allow any of its subsidiaries to assert, by way of motion, as a defense or otherwise, in any such
action, any claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune from attachment or execution, that any such proceeding brought in one of the above-named courts is improper, or
that this Agreement or the subject matter hereof or thereof may not be enforced in or by such court and (c) hereby agrees not to commence or maintain any action, claim, cause of action or suit (in contract, tort or otherwise), inquiry,
proceeding or investigation arising out of or based upon this Agreement or relating to the subject matter hereof or thereof other than before one of the above-named courts nor to make any motion or take any other action seeking or intending to cause
the transfer or removal of any such action, claim, cause of action or suit (in contract, tort or otherwise), inquiry, proceeding or investigation to any court other than one of the above-named courts whether on the grounds of inconvenient forum or
otherwise. Notwithstanding the foregoing, to the extent that any party hereto is or becomes a party in any litigation in connection with which it may assert indemnification rights set forth in this Agreement, the court in which such litigation is
being heard shall be deemed to be included in clause (a) above. Notwithstanding the foregoing, any party to this Agreement may commence and maintain an action to enforce a judgment of any of the above-named courts in any court of competent
jurisdiction. Each party hereto hereby consents to service of process in any such proceeding in any manner permitted by New York law and agrees that service of process by registered or certified mail, return receipt requested, at its address
specified pursuant to Section 4.2 hereof is reasonably calculated to give actual notice. 

Section 4.9. WAIVER OF JURY TRIAL. TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW THAT CANNOT
BE WAIVED, EACH PARTY HERETO HEREBY WAIVES AND COVENANTS THAT IT WILL NOT ASSERT (WHETHER AS PLAINTIFF, DEFENDANT OR OTHERWISE) ANY RIGHT TO TRIAL BY JURY IN ANY FORUM IN RESPECT OF ANY ISSUE OR ACTION, CLAIM, CAUSE OF ACTION OR SUIT (IN CONTRACT,
TORT OR OTHERWISE), INQUIRY, PROCEEDING OR INVESTIGATION ARISING OUT OF OR BASED UPON THIS AGREEMENT OR THE SUBJECT MATTER HEREOF OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE TRANSACTIONS CONTEMPLATED HEREBY, IN EACH CASE WHETHER NOW
EXISTING OR HEREAFTER ARISING. EACH PARTY HERETO ACKNOWLEDGES THAT IT HAS BEEN INFORMED BY THE OTHER PARTIES HERETO THAT THIS SECTION 4.9 CONSTITUTES A MATERIAL INDUCEMENT UPON WHICH THEY ARE RELYING AND WILL RELY IN ENTERING INTO THIS
AGREEMENT. ANY PARTY HERETO MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 4.9 WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF EACH SUCH PARTY TO THE WAIVER OF ITS RIGHT TO TRIAL BY JURY. 

Section 4.10. Merger; Binding Effect. This Agreement (along with the PetIQ LLC Operating
Agreement) constitutes the entire agreement of the parties with respect to its subject matter, supersedes all prior or contemporaneous oral or written agreements or discussions with respect to such subject matter, and shall be binding upon and inure
to the benefit of the parties hereto and thereto and their respective heirs, representatives, successors and permitted assigns. Except as otherwise expressly provided herein, no Holder or other party hereto may assign any of its respective rights or
delegate any of its respective obligations under this Agreement without the prior written consent of the other parties hereto, and any attempted assignment or delegation in violation of the foregoing shall be null and void. 

  
 25 

 Section 4.11. Counterparts. This Agreement
may be executed in multiple counterparts, each of which shall be deemed an original, but all of which taken together shall constitute one instrument. 

Section 4.12. Severability. In the event that any provision hereof would, under applicable law,
be invalid or unenforceable in any respect, such provision shall be construed by modifying or limiting it so as to be valid and enforceable to the maximum extent compatible with, and possible under, applicable law. The provisions hereof are
severable, and in the event any provision hereof should be held invalid or unenforceable in any respect, it shall not invalidate, render unenforceable or otherwise affect any other provision hereof. 

Section 4.13. No Recourse. Notwithstanding anything that may be expressed or implied in this
Agreement, the Company and each Holder covenant, agree and acknowledge that no recourse under this Agreement or any documents or instruments delivered in connection with this Agreement shall be had against any current or future director, officer,
employee, general or limited partner or member of any Holder or of any Affiliate or assignee thereof, as such, whether by the enforcement of any assessment or by any legal or equitable proceeding, or by virtue of any statute, regulation or other
applicable law, it being expressly agreed and acknowledged that no personal liability whatsoever shall attach to, be imposed on or otherwise be incurred by any current or future officer, agent or employee of any Holder or any current or future
member of any Holder or any current or future director, officer, employee, partner or member of any Holder or of any Affiliate or assignee thereof, as such, for any obligation of any Holder under this Agreement or any documents or instruments
delivered in connection with this Agreement for any claim based on, in respect of or by reason of such obligations or their creation. 

[Signature Pages Follow] 

  
 26 

 IN WITNESS WHEREOF, each of the undersigned has duly executed this Agreement as of
the date first above written. 
  

			
	COMPANY
	
	PetIQ, INC.
		
	By:	 	/s/ McCord Christensen
	Name:	 	McCord Christensen
	Title:	 	Chief Executive Officer

  
 [Signature Page to
Registration Rights Agreement] 

 
			
	CONTINUING LLC OWNERS
	
	CHRISTENSEN VENTURES, LLC
		
	By:	 	/s/ McCord Christensen
	Name:	 	McCord Christensen
	Title:	 	Managing Member

  
 [Signature Page to
Registration Rights Agreement] 

 
			
	HIGHLAND CONSUMER FUND I LIMITED PARTNERSHIP
	
	By: Highland Consumer GP Limited Partnership, its General Partner
	
	By: Highland Consumer GP GP LLC, its General Partner
		
	By:	 	/s/ Peter Cornetta
	Name:	 	Peter Cornetta
	Title:	 	Authorized Signatory
		
	Address:	 	20 William Street, Suite 115
		 	Wellesley, MA 02481
	
	HIGHLAND CONSUMER ENTREPRENEURS FUND I LIMITED PARTNERSHIP
	
	By: Highland Consumer GP Limited Partnership, its General Partner
	
	By: Highland Consumer GP GP LLC, its General Partner
		
	By:	 	/s/ Peter Cornetta
	Name:	 	Peter Cornetta
	Title:	 	Authorized Signatory
		
	Address:	 	20 William Street, Suite 115
		 	Wellesley, MA 02481

  
 [Signature Page to
Registration Rights Agreement] 

 
			
	ROCKHURST LLC
		
	By:	 	/s/ Daniel W. O’Connor
	Name:	 	Daniel W. O’Connor
	Title:	 	Member Manager
		
	Address:	 	106 Simon Willard Rd.
		 	Concord, MA 01742

  
 [Signature Page to
Registration Rights Agreement] 

 
			
	KENNEDY FAMILY INVESTMENTS, LLC
		
	By:	 	/s/ Ronald Kennedy
	Name:	 	Ronald Kennedy
	Title:	 	Manager
		
	Address:	 	 2216 W. Clearvue Ct.

		 	 Eagle, ID 83616

  
 [Signature Page to
Registration Rights Agreement] 

 
			
	LABORE ET HONORE LLC TS F SERIES
		
	By:	 	/s/ James N. Clarke
	Name:	 	James N. Clarke
	Title:	 	Manager
		
	Address:	 	5152 N. Edgewood Dr.
		 	Provo, UT 84604

  

			
	LABORE ET HONORE LLC TS E SERIES
		
	By:	 	/s/ James N. Clarke
	Name:	 	James N. Clarke
	Title:	 	Manager
		
	Address:	 	5152 N. Edgewood Dr.
		 	Provo, UT 84604

  

			
	LABORE ET HONORE LLC TS PREFERRED SERIES
		
	By:	 	/s/ James N. Clarke
	Name:	 	James N. Clarke
	Title:	 	Manager
		
	Address:	 	5152 N. Edgewood Dr.
		 	Provo, UT 84604

  

			
	LABORE ET HONORE LLC TS C SERIES
		
	By:	 	/s/ James N. Clarke
	Name:	 	James N. Clarke
	Title:	 	Manager
		
	Address:	 	5152 N. Edgewood Dr.
		 	Provo, UT 84604

  
 [Signature Page to
Registration Rights Agreement] 

 
			
	LABORE ET HONORE LLC TS FOUNDERS SERIES
		
	By:	 	/s/ James N. Clarke
	Name:	 	James N. Clarke
	Title:	 	Manager
		
	Address:	 	5152 N. Edgewood Dr.
		 	Provo, UT 84604

  

			
	LABORE ET HONORE LLC 
		
	By:	 	/s/ James N. Clarke
	Name:	 	James N. Clarke
	Title:	 	Manager
		
	Address:	 	5152 N. Edgewood Dr.
		 	Provo, UT 84604

  
 [Signature Page to
Registration Rights Agreement] 

 
			
	CHRISTENSEN CLASS F, LLC
		
	By:	 	/s/ Brian King
	Name:	 	Brian King
	Title:	 	Manager
		
	Address:	 	504 E. Riversedge Ln.
		 	Eagle, ID 83616

  
 [Signature Page to
Registration Rights Agreement] 

 
			
	ADCOCK VENTURES, LLC
		
	By:	 	/s/ Scott Adcock
	Name:	 	Scott Adcock
	Title:	 	Managing Member

  
 [Signature Page to
Registration Rights Agreement] 

 
			
	THE JNC TRUST
		
	By:	 	/s/ Andrea M. Clarke
	Name:	 	Andrea M. Clarke
	Title:	 	Trustee
		
	Address:	 	5152 N. Edgewood Dr., Ste. 375
		 	Provo, UT 84604

  

			
	JAMES N. CLARKE IRREVOCABLE TRUST, DATED DECEMBER 27, 2012
		
	By:	 	/s/ Andrea M. Clarke
	Name:	 	Andrea M. Clarke
	Title:	 	Trustee
		
	Address:	 	5152 N. Edgewood Dr., Ste. 375
		 	Provo, UT 84604

  

			
	ANDREA M. CLARKE IRREVOCABLE TRUST, DATED DECEMBER 27, 2012
		
	By:	 	/s/ James N. Clarke
	Name:	 	James N. Clarke
	Title:	 	Trustee
		
	Address:	 	5152 N. Edgewood Dr., Ste. 375
		 	Provo, UT 84604

  
 [Signature Page to
Registration Rights Agreement] 

 
			
	JW OPPORTUNITIES FUND LLC
		
	By:	 	/s/ Jason Wild
	Name:	 	Jason Wild
	Title:	 	 Managing Member
 JW GP, LLC,
Manager

		
	Address:	 	515 Madison Ave., 14th Fl
		 	New York, NY 10022

  

			
	JW PARTNERS, LP
		
	By:	 	/s/ Jason Wild
	Name:	 	Jason Wild
	Title:	 	 Managing Member
 JW GP, LLC,
Manager

		
	Address:	 	515 Madison Ave., 14th Fl
		 	New York, NY 10022

  
 [Signature Page to
Registration Rights Agreement] 

 
			
	TRUE SCIENCE FOUNDERS, LLC
		
	By:	 	/s/ Ronald Kennedy
	Name:	 	Ronald Kennedy
	Title:	 	President
		
	Address:	 	2216 W. Clearvue Ct.
		 	Eagle, ID 83616

  
 [Signature Page to
Registration Rights Agreement] 

 
			
	C-CORP LLC OWNER PARENTS
	
	EOS PARTNERS, L.P.
		
	By:	 	/s/ Steven M. Friedman
	Name:	 	Steven M. Friedman
	Title:	 	

  

			
	EOS CAPITAL PARTNERS IV, L.P.
		
	By:	 	/s/ Steven M. Friedman
	Name:	 	Steven M. Friedman
	Title:	 	

  
 [Signature Page to
Registration Rights Agreement] 

 
			
	HIGHLAND CONSUMER FUND I-B LIMITED PARTNERSHIP
	
	By: Highland Consumer GP Limited Partnership, its General Partner
	
	By: Highland Consumer GP GP LLC, its General Partner
		
	By:	 	/s/ Peter Cornetta
	Name:	 	Peter Cornetta
	Title:	 	Authorized Signatory
		
	Address:	 	20 William Street, Suite 115
		 	Wellesley, MA 02481

  
 [Signature Page to
Registration Rights Agreement]EX-4.2

 Exhibit 4.2 
  

REGISTRATION RIGHTS AGREEMENT 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
		
	 ARTICLE I EFFECTIVENESS
	  	 	2	 
		
	 Section 1.1. Effectiveness
	  	 	2	 
		
	 ARTICLE II DEFINITIONS
	  	 	2	 
		
	 Section 2.1. Definitions
	  	 	2	 
	 Section 2.2. Other Interpretive Provisions
	  	 	5	 
		
	 ARTICLE III REGISTRATION RIGHTS
	  	 	6	 
		
	 Section 3.1. Exchange Registration
	  	 	6	 
	 Section 3.1.1. Mandatory Exchange Registration
	  	 	6	 
	 Section 3.1.2. Continued Effectiveness; Renewal and
Replacement
	  	 	6	 
	 Section 3.1.3. Suspension of Registration
	  	 	6	 
	 Section 3.2. Demand Registration
	  	 	6	 
	 Section 3.2.1. Request for Demand Registration
	  	 	6	 
	 Section 3.2.2. Limitation on Demand Registrations
	  	 	7	 
	 Section 3.2.3. Demand Notice
	  	 	7	 
	 Section 3.2.4. Demand Withdrawal
	  	 	7	 
	 Section 3.2.5. Effective Registration
	  	 	7	 
	 Section 3.2.6. Delay in Filing; Suspension of
Registration
	  	 	7	 
	 Section 
3.2.7. Priority of Securities Registered Pursuant to Demand Registrations
	  	 	8	 
	 Section 3.2.8. Resale Rights
	  	 	8	 
	 Section 3.3. Piggyback Registration
	  	 	8	 
	 Section 3.3.1. Participation
	  	 	8	 
	 Section 3.3.2. Priority of Piggyback Registration
	  	 	9	 
	 Section 
3.4. Lock-Up Agreements
	  	 	9	 
	 Section 3.5. Registration Procedures
	  	 	10	 
	 Section 3.5.1. Requirements
	  	 	10	 
	 Section 3.5.2. Company Information Requests
	  	 	15	 
	 Section 3.5.3. Discontinuing Registration
	  	 	15	 
	 Section 3.6. Underwritten Offerings
	  	 	15	 
	 Section 3.6.1. Piggyback Registrations
	  	 	15	 
	 Section 3.6.2. Selection of Underwriters; Selection of
Counsel
	  	 	16	 
	 Section 3.7. No Inconsistent Agreements; Additional
Rights
	  	 	16	 
	 Section 3.8. Registration Expenses
	  	 	16	 
	 Section 3.9. Indemnification
	  	 	17	 
	 Section 3.9.1. Indemnification by the Company
	  	 	17	 
	 Section 3.9.2. Indemnification by the Selling
Holders
	  	 	17	 
	 Section 3.9.3. Conduct of Indemnification
Proceedings
	  	 	18	 
	 Section 3.9.4. Contribution
	  	 	19	 

  
 -i- 

					
	 Section 3.10. Rules 144 and 144A and Regulation S
	  	 	19	 
	 Section 3.11. Existing Registration Statements
	  	 	20	 
		
	 ARTICLE IV MISCELLANEOUS
	  	 	20	 
		
	 Section 4.1. Authority; Effect
	  	 	20	 
	 Section 4.2. Notices
	  	 	21	 
	 Section 4.3. Termination and Effect of Termination
	  	 	21	 
	 Section 4.4. Permitted Transferees
	  	 	21	 
	 Section 4.5. Remedies
	  	 	22	 
	 Section 4.6. Amendments
	  	 	22	 
	 Section 4.7. Governing Law
	  	 	22	 
	 Section 4.8. Consent to Jurisdiction
	  	 	22	 
	 Section 4.9. WAIVER OF JURY TRIAL
	  	 	23	 
	 Section 4.10. Merger; Binding Effect
	  	 	23	 
	 Section 4.11. Counterparts
	  	 	23	 
	 Section 4.12. Severability
	  	 	24	 
	 Section 4.13. No Recourse
	  	 	24	 

  
 -ii- 

 REGISTRATION RIGHTS AGREEMENT 

This Registration Rights Agreement (this “Agreement”), dated as of January [ ], 2018, is entered into by and among PetIQ,
Inc., a Delaware corporation (the “Company”) and each person executing this Agreement and listed as a “VIP Petcare Owner” on the signature pages hereto (together with their Permitted Transferees that become a party hereto,
the “VIP Petcare Owners”). 
 RECITALS 

WHEREAS, reference is made to that certain Registration Rights Agreement (the “IPO Registration Rights Agreement”), dated
July 20, 2017, by and among the Company, each person listed as a “Continuing LLC Owner” on the signature pages thereto (together with their Permitted Transferees that become a party thereto, the “Continuing LLC
Owners”) and each Person executing the IPO Registration Rights Agreement and listed as a “C-Corp LLC Owner Parent” on the signature pages thereto (collectively, together with their Permitted
Transferees that become party hereto, the “C-Corp LLC Owner Parents”). The IPO Registration Rights Agreement remains in full force and effect. References to terms not otherwise defined herein
shall have the meaning ascribed to such terms in the IPO Registration Rights Agreement; 
 WHEREAS, reference is made to that certain Unit
Purchase Agreement (the “Purchase Agreement”), dated January [__], 2018, by and among the Company, PetIQ Holdings, LLC, a Delaware limited liability company (the “LLC”), PetIQ, LLC, an Idaho limited liability
company (the “Buyer”), Community Veterinary Clinics, LLC, a Delaware limited liability company (“VIP Petcare”), VIP Petcare Holdings, Inc., and Will Santana and Kenneth Pecoraro, pursuant to which, among other
things, the Buyer purchased 100% of the equity interests of VIP Petcare (the “Acquisition”) in exchange for, among other consideration, 4,200,000 common membership interests of the LLC (the “LLC Interests”) and
4,200,000 shares of Class B common stock, par value $0.001 per share, of the Company (the “Class B Common Stock” and, together with the LLC Interests, the “Equity Consideration”); 

WHEREAS, subject to certain restrictions, the Equity Consideration issued to the VIP Petcare Owners is exchangeable from time to time at the
option of the holder thereof for shares of the Company’s Class A common stock, par value $0.001 per share (the “Class A Common Stock” and, together with the Class B Common Stock, the “Common
Stock”) pursuant to the Sixth Amended and Restated Limited Liability Company Agreement, dated as of July 20, 2017, of PetIQ LLC (the “PetIQ LLC Operating Agreement”); 

WHEREAS, the Class B Common Stock issued to the VIP Petcare Owners and the Class A Common Stock issuable upon exchange for the
Class B Common Stock and LLC Interests are not registered under the Securities Act of 1933, as amended, and any successor thereto, and any rules and regulations promulgated thereunder, all as the same shall be in effect from time to time (the
“Securities Act”); 
 WHEREAS, in connection with the Acquisition, the parties believe that it is in the best interests of
the Company and the other parties hereto to set forth their agreements regarding registration rights following the closing of the Acquisition; 

 NOW, THEREFORE, in consideration of the foregoing and the mutual promises, covenants and
agreements of the parties hereto, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 

ARTICLE I 

EFFECTIVENESS 
 
Section 1.1.    Effectiveness. This Agreement shall become effective upon the closing of the Acquisition. 

ARTICLE II 

DEFINITIONS 
 
Section 2.1.    Definitions. As used in this Agreement, the following terms shall have the following meanings: 

“Adverse Disclosure” means public disclosure of material non-public information that,
in the good faith judgment of the board of directors of the Company, (a) would be required to be made in any Registration Statement filed with the SEC by the Company so that such Registration Statement, from and after its effective date, does
not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading, (b) would not be required to be made at such time but for the filing,
effectiveness or continued use of such Registration Statement and (c) the Company has a bona fide business purpose for not disclosing publicly. 

“Affiliate” means, with respect to any specified Person, (a) any Person that directly or indirectly through one or more
intermediaries controls, or is controlled by, or is under common control with, such specified Person, (b) a Member of the Immediate Family of such Person, and (c) any investment fund advised or managed by, or under common control or
management with, such specified Person. As used in this definition, the term “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through
ownership of voting securities, by contract or otherwise. 
 “Agreement” shall have the meaning set forth in the preamble.

 “Business Day” means any day that is not a Saturday, a Sunday or other day on which banks are required or authorized by
law to be closed in the City of New York. 
 “Class A Common Stock” shall have the meaning set forth in
the Recitals. 
 “Class B Common Stock” shall have the meaning set forth in the Recitals. 

“Common Stock” shall have the meaning set forth in the Recitals. 

“Demand Notice” shall have the meaning set forth in Section 3.2.3. 

“Demand Registration” shall have the meaning set forth in Section 3.2.1(a). 

  
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 “Demand Registration Request” shall have the meaning set forth in
Section 3.2.1(a). 
 “Demand Registration Statement” shall have the meaning set forth in Section 3.2.1(c). 

“Demand Suspension” shall have the meaning set forth in Section 3.2.6. 

“Exchange” means the exchange of shares of Class B Common Stock together with LLC Interests for shares of Class A
Common Stock pursuant to the PetIQ LLC Operating Agreement. 
 “Exchange Act” means the Securities Exchange Act of 1934, as
amended, and any successor thereto, and any rules and regulations promulgated thereunder, all as the same shall be in effect from time to time. 

“Exchange Registration” shall have the meaning set forth in Section 3.1.1. 

“Exchange Registration Statement” shall have the meaning set forth in Section 3.1.1. 

“FINRA” means the Financial Industry Regulatory Authority. 

“Holders” means the VIP Petcare Owners who then hold Registrable Securities under this Agreement. 

“IPO Registration Rights Agreement” shall have the meaning set forth in the Recitals. 

“Issuer Free Writing Prospectus” means an issuer free writing prospectus, as defined in Rule 433 under the Securities Act,
relating to an offer of the Registrable Securities. 
 “LLC Interests” shall have the meaning set forth in the Recitals.

 “Loss” shall have the meaning set forth in Section 3.9.1. 

“Member of the Immediate Family” means, with respect to any Person who is an individual, (a) each parent, spouse (but
not including a former spouse or a spouse from whom such Person is legally separated) or child (including those adopted) of such individual and (b) each trust naming only one or more of the Persons listed in
sub-clause (a) as beneficiaries. 
 “Permitted Transferee” means (a) any
Affiliate of a Holder and (b) such other Persons designated by the Holders of a majority of the Registrable Securities under this Agreement. 

“Person” means any individual, partnership, corporation, company, association, trust, joint venture, limited liability
company, unincorporated organization, entity or division, or any government, governmental department or agency or political subdivision thereof. 

“PetIQ LLC” shall have the meaning set forth in the Recitals. 

“PetIQ LLC Operating Agreement” shall have the meaning set forth in the Recitals. 

“Piggyback Notice” shall have the meaning set forth in Section 3.3.1. 

  
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 “Piggyback Registration” shall have the meaning set forth in
Section 3.3.1. 
 “Pro Rata Portion” means, with respect to each Holder requesting that its
shares be registered or sold in an Underwritten Public Offering, a number of such shares equal to the aggregate number of Registrable Securities under this Agreement and the IPO Registration Rights Agreement requested to be registered or sold in
such Public Offering (excluding any shares to be registered or sold for the account of the Company) multiplied by a fraction, the numerator of which is the aggregate number of Registrable Securities then held by such Holder, and the denominator of
which is the aggregate number of Registrable Securities then held by all Holders (under both this Agreement and the IPO Registration Rights Agreement) requesting that their Registrable Securities be registered or sold. 

“Prospectus” means (a) the prospectus included in any Registration Statement, all amendments and supplements to such
prospectus, including post-effective amendments and supplements, and all other material incorporated by reference in such prospectus, and (b) any Issuer Free Writing Prospectus. 

“Public Offering” means the offer and sale of Registrable Securities for cash pursuant to an effective Registration Statement
under the Securities Act (other than a Registration Statement on Form S-4 or Form S-8 or any successor form). 

“Purchase Agreement” shall have the meaning set forth in the Recitals. 

“Registrable Securities” means (a) all shares of Class A Common Stock, (b) all shares of Class A Common
Stock issued or issuable upon exercise, conversion or exchange of any option, warrant or convertible security (including shares of Class A Common Stock issuable upon Exchange), and (c) all shares of Class A Common Stock directly or
indirectly issued or then issuable with respect to the securities referred to in clauses (a) or (b) above by way of unit or stock dividend or unit or stock split, or in connection with a combination of units or shares, recapitalization, merger,
consolidation or other reorganization. As to any particular Registrable Securities, such securities shall cease to be Registrable Securities when (w) a Registration Statement with respect to the sale of such securities shall have become
effective under the Securities Act and such securities shall have been disposed of in accordance with such Registration Statement, (x) such securities shall have been Transferred pursuant to Rule 144, (y) such holder is able to immediately sell
such securities (including all shares of Class A Common Stock issuable upon Exchange) under Rule 144 without any restrictions on transfer (including without application of paragraphs (c), (d), (e), (f) and (h) of Rule 144), as determined
in the reasonable opinion of the holder (it being understood that a written opinion of the Company’s outside legal counsel to the effect that such securities may be so sold and the restrictive legend removed shall be conclusive evidence that
this clause has been satisfied), or (z) such securities shall have ceased to be outstanding. 
 “Registration” means
registration under the Securities Act of the offer and sale of shares of Class A Common Stock under a Registration Statement. The terms “register”, “registered” and “registering” shall have
correlative meanings. 
 “Registration Expenses” shall have the meaning set forth in Section 3.8.

  
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 “Registration Statement” means any registration statement of the Company
filed with, or to be filed with, the SEC under the Securities Act, including the related Prospectus, amendments and supplements to such registration statement, including pre- and post-effective amendments, and
all exhibits and all material incorporated by reference in such registration statement other than a registration statement (and related Prospectus) filed on Form S-4 or Form
S-8 or any successor form thereto. 
 “Representatives” means, with respect to any
Person, any of such Person’s officers, directors, employees, agents, attorneys, accountants, actuaries, consultants, equity financing partners or financial advisors or other Person associated with, or acting on behalf of, such Person. 

“Rule 144” means Rule 144 under the Securities Act (or any successor rule). 

“SEC” means the Securities and Exchange Commission or any successor agency having jurisdiction under the Securities Act. 

“Securities Act” shall have the meaning set forth in the Recitals. 

“Selling Stockholder Information” shall have the meaning set forth in Section 3.9.1. 

“Shelf Registration Statement” shall have the meaning set forth in Section 3.3.1. 

“Transfer” means, with respect to any Registrable Security, any interest therein, or any other securities or equity interests
relating thereto, a direct or indirect transfer, sale, exchange, assignment, pledge, hypothecation or other encumbrance or other disposition thereof, including the grant of an option or other right, whether directly or indirectly, whether
voluntarily, involuntarily, by operation of law, pursuant to judicial process or otherwise. “Transferred” shall have a correlative meaning. 

“Underwritten Public Offering” means an underwritten Public Offering, including any bought deal or block sale to a financial
institution conducted as an underwritten Public Offering. 
 “VIP Petcare Owners” shall have the meaning set forth in the
preamble. 
 Section 2.2.    Other Interpretive
Provisions. 
 Section 2.2.1.    The meanings of defined terms are equally applicable to the singular and
plural forms of the defined terms. 
 Section 2.2.2.    The words “hereof”, “herein”,
“hereunder” and similar words refer to this Agreement as a whole and not to any particular provision of this Agreement; and any subsection and section references are to this Agreement unless otherwise specified. 

Section 2.2.3.    The term “including” is not limiting and means “including without limitation.”

 Section 2.2.4.    The captions and headings of this Agreement are for convenience of reference only and shall not
affect the interpretation of this Agreement. 

  
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 Section 2.2.5.    Whenever the context requires, any pronouns used
herein shall include the corresponding masculine, feminine or neuter forms. 
 ARTICLE III 

REGISTRATION RIGHTS 
 The
Company will perform and comply, and cause each of its subsidiaries to perform and comply, with such of the following provisions as are applicable to it. Each Holder will perform and comply with such of the following provisions as are applicable to
such Holder. 
 Section 3.1.    Exchange
Registration. 
 Section 3.1.1.    Mandatory Exchange Registration. At
such time as the Company first becomes eligible to file a Registration Statement on Form S-3, the Company shall as promptly as reasonably practicable file with the SEC,and use commercially reasonable efforts
to cause it to be declared effective under the Securities Act a Registration Statement (“Exchange Registration Statement”), for all Registrable Securities. Such Registration pursuant to this Section 3.1, including as
amended, renewed or replaced as provided herein, shall hereinafter be referred to as an “Exchange Registration.” If for any reason such Exchange Registration is prohibited under applicable law, as determined by the Company in its
discretion, the Company shall instead file and use commercially reasonable efforts to cause to be promptly declared effective under the Securities Act a Registration Statement for the resale of the Registrable Securities. 

Section 3.1.2.    Continued Effectiveness; Renewal and Replacement. The Company
shall use commercially reasonable efforts to keep the Exchange Registration Statement continuously effective under the Securities Act until the date as of which no VIP Petcare Owner holds Class B Common Stock or an LLC Interest. In addition,
the Company shall use commercially reasonable efforts to promptly amend, renew or replace, as necessary, any Exchange Registration Statement that shall have expired or otherwise been deemed unusable and shall use commercially reasonable efforts to
keep such amended, renewed or replaced Exchange Registration Statement continuously effective under the Securities Act until the date as of which no VIP Petcare Owner holds Class B Common Stock or LLC Interest. 

Section 3.1.3.    Suspension of Registration. If the continued use of the
Exchange Registration Statement at any time would require the Company to make an Adverse Disclosure or if the Company is not then eligible to file an Exchange Registration Statement on Form S-3, the Company
may, upon giving prompt written notice of such action to the VIP Petcare Owners, suspend use of the Exchange Registration Statement. 
 
Section 3.2.    Demand Registration. 

Section 3.2.1.    Request for Demand Registration. 

 

	 	(a)	 Commencing eighteen (18) months following closing of the Acquisition, each of the Holders of the
Registrable Securities under this Agreement shall have the right to make a written request from time to time (a “Demand Registration Request”) to the Company for Registration of all or part of the Registrable Securities held by such
Holder. Any such Registration pursuant to a Demand Registration Request shall hereinafter be referred to as a “Demand Registration.” 

  
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	 	(b)	 The Demand Registration Request shall specify (x) the aggregate amount of Registrable Securities to be
registered and (y) the intended method or methods of disposition thereof. 

  

	 	(c)	 Upon receipt of a Demand Registration Request, the Company shall as promptly as practicable file a Registration
Statement (a “Demand Registration Statement”) relating to such Demand Registration and use its reasonable best efforts to cause such Demand Registration Statement to be promptly declared effective under the Securities Act.

 Section 3.2.2.    Limitation on Demand Registrations.
The Company shall not be obligated to take any action to effect any Demand Registration if (x) a prior Registration was declared effective within the year prior to the Demand Registration Request, or (y) the value of the Registrable
Securities proposed to be sold by the initiating Holders is not at least the lesser of $20,000,000 and all of such Holder’s Registrable Securities. 

Section 3.2.3.    Demand Notice. Promptly upon receipt of a Demand Registration
Request pursuant to Section 3.2.1 (but in no event more than two Business Days thereafter), the Company shall deliver a written notice (a “Demand Notice”) of any such Demand Registration Request to all other Holders and the
Demand Notice shall offer each such Holder the opportunity to include in the Demand Registration that number of Registrable Securities as each such Holder may request in writing. Subject to Section 3.2.7, Company shall include in the
Demand Registration all such Registrable Securities with respect to which the Company has received written requests for inclusion therein within three Business Days after the date that the Demand Notice was delivered. 

Section 3.2.4.    Demand Withdrawal. The VIP Petcare Owners that have requested
the inclusion of Registrable Securities in a Demand Registration pursuant to Section 3.2.3 may withdraw all or any portion of its Registrable Securities included in a Demand Registration from such Demand Registration at any time prior to
the effectiveness of the applicable Demand Registration Statement. Upon receipt of a notice to withdrawal all the Registrable Securities from the Demand Registration, the Company shall cease all efforts to secure effectiveness of the applicable
Demand Registration Statement. 
 Section 3.2.5.    Effective Registration.
The Company shall use reasonable best efforts to cause the Demand Registration Statement to become effective and remain effective for not less than 180 days (or such shorter period as will terminate when all Registrable Securities covered by such
Demand Registration Statement have been sold or withdrawn) or, if such Demand Registration Statement relates to an Underwritten Public Offering, such period as in the opinion of counsel for the underwriter or underwriters a Prospectus is required by
law to be delivered in connection with sales of Registrable Securities by an underwriter or dealer. 

Section 3.2.6.    Delay in Filing; Suspension of Registration. If the filing,
initial effectiveness or continued use of a Demand Registration Statement at any time would require the 

  
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Company to make an Adverse Disclosure, the Company may, upon giving prompt written notice of such action to the Holders, delay the filing or initial effectiveness of, or suspend use of, the
Demand Registration Statement (a “Demand Suspension”); provided, however, that the Company shall not be permitted to exercise a Demand Suspension (a) more than twice during any
12-month period, (b) for a period exceeding 60 days on any one occasion or (c) for an aggregate of more than 90 days in any 12-month period. In the case of a
Demand Suspension, the Holders agree to suspend use of the applicable Prospectus in connection with any sale or purchase, or offer to sell or purchase, Registrable Securities, upon receipt of the notice referred to above. The Company shall
immediately notify the Holders in writing upon the termination of any Demand Suspension, amend or supplement the Prospectus, if necessary, so it does not contain any untrue statement or omission and furnish to the Holders such numbers of copies of
the Prospectus as so amended or supplemented as the Holders may reasonably request. The Company shall, if necessary, supplement or amend the Demand Registration Statement, if required by the registration form used by the Company for the Demand
Registration or by the instructions applicable to such registration form or by the Securities Act or the rules or regulations promulgated thereunder or as may reasonably be requested by the Holders of a majority of Registrable Securities that are
included in such Demand Registration Statement. 
 Section 3.2.7.    Priority of
Securities Registered Pursuant to Demand Registrations. If the managing underwriter or underwriters of a proposed Underwritten Public Offering of the Registrable Securities included in a Demand Registration, advise the Company in writing that,
in its or their opinion, the number of securities requested to be included in such Demand Registration exceeds the number that can be sold in such offering without being likely to have an adverse effect on the price, timing or distribution of the
securities offered or the market for the securities offered, then the securities to be included in such Registration shall be in the case of any Demand Registration (a) first, allocated to each Holder that has requested to participate in such
Demand Registration an amount equal to the lesser of (i) the number of such Registrable Securities requested to be registered or sold by such Holder and (ii) a number of such shares equal to such Holder’s Pro Rata Portion, and
(b) second, and only if all the securities referred to in clause (a) have been included, the number of other securities that, in the opinion of such managing underwriter or underwriters can be sold without having such adverse effect. 

Section 3.2.8.    Resale Rights. In the event that a VIP Petcare Owner requests
to participate in a Registration pursuant to this Section 3.2 in connection with a distribution of Registrable Securities to its partners or members, the Registration shall provide for resale by such partners or members, if requested by
such VIP Petcare Owner. 
 Section 3.3.    Piggyback
Registration. 
 Section 3.3.1.    Participation. Subject to the
terms and limitations set forth in the Lock-Up Agreement executed by the Holders in connection with the Purchase Agreement, including the restrictions on registration rights during the Restricted Period, if
the Company at any time proposes to file a Registration Statement under the Securities Act or to conduct a Public Offering with respect to any offering of its equity securities for its own account or for the account of any other Persons, including
pursuant to the IPO Registration Rights Agreement, (other than (a) a Registration under Section 3.1 or Section 3.2, (b) a Registration on Form S-4 or Form S-8 or any successor form to such forms or (c) a Registration of securities solely relating to an offering and 

  
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sale to employees or directors of the Company or its subsidiaries pursuant to any employee stock plan, employee stock purchase plan, dividend reinvestment program or other employee benefit plan
arrangement), then, as soon as practicable (but in no event less than 10 Business Days prior to the proposed date of filing of such Registration Statement or, in the case of a Public Offering under a shelf registration Statement pursuant to Rule 415
under the Securities Act (a “Shelf Registration Statement”), the anticipated pricing or trade date), the Company shall give written notice (a “Piggyback Notice”) of such proposed filing or Public Offering to all
Holders, and such Piggyback Notice shall offer the Holders the opportunity to register under such Registration Statement, or to sell in such Public Offering, such number of Registrable Securities as each such Holder may request in writing (a
“Piggyback Registration”). Subject to Section 3.3.2, the Company shall include in such Registration Statement or in such Public Offering as applicable, all such Registrable Securities that are requested to be included
therein within five Business Days after the receipt by such Holder of any such notice; provided, however, that if at any time after giving written notice of its intention to register or sell any securities and prior to the effective
date of the Registration Statement filed in connection with such Registration, or the pricing or trade date of a Public Offering under a Shelf Registration Statement, the Company determines for any reason not to register or sell or to delay
Registration or the sale of such securities, the Company shall give written notice of such determination to each Holder and, thereupon, (x) in the case of a determination not to register or sell, shall be relieved of its obligation to register
or sell any Registrable Securities in connection with such Registration or Public Offering (but not from its obligation to pay the Registration Expenses in connection therewith), and (y) in the case of a determination to delay Registration or
sale, shall also be permitted to delay registering or selling any Registrable Securities. Any Holder shall have the right to withdraw all or part of its request for inclusion of its Registrable Securities in a Piggyback Registration by giving
written notice to the Company of its request to withdraw. 

Section 3.3.2.    Priority of Piggyback Registration. If the managing
underwriter or underwriters of any proposed offering of Registrable Securities included in a Piggyback Registration informs the Company and the participating Holders in writing that, in its or their opinion, the number of securities that such
Holders and any other Persons intend to include in such offering exceeds the number that can be sold in such offering without being likely to have a significant adverse effect on the price, timing or distribution of the securities offered or the
market for the securities offered, then the securities to be included in such Registration shall be (a) first, 100 percent of the securities that the Company proposes to sell, and (b) second, and only if all the securities referred to
in clause (a) have been included, the number of Registrable Securities that, in the opinion of such managing underwriter or underwriters, can be sold without having such adverse effect, with such number to be allocated among the Holders that
have requested to participate in such Registration based on an amount equal to the lesser of (x) the number of such Registrable Securities requested to be sold by such Holder, and (y) a number of such shares equal to such Holder’s Pro
Rata Portion and (z) third, and only if all of the Registrable Securities referred to in clause (y) have been included in such Registration, any other securities eligible for inclusion in such Registration. 

Section 3.4.    
Lock-Up Agreements. In connection with each Registration or sale of Registrable Securities pursuant to Section 3.2 or Section 3.3, conducted as an Underwritten
Public Offering, each Holder agrees, if requested, to become bound by and to execute and deliver a lock-up agreement with the underwriter(s) of such Public Offering restricting such Holder’s right to (a)

  
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Transfer, directly or indirectly, any equity securities of the Company held by such Holder or (b) enter into any swap or other arrangement that transfers to another any of the economic
consequences of ownership of such securities during the period commencing on the date of the final Prospectus relating to such Public Offering and ending on the date specified by the underwriters (such period not to exceed 90 days plus
such additional period as may be requested by the Company or an underwriter due to regulatory restrictions on the publication or other distribution of research reports and analyst recommendations and opinions, if applicable). The terms of such lock-up agreements shall be negotiated among the Company and the underwriters and shall include customary carve-outs from the restrictions on Transfer set forth therein. 

Section 3.5.    Registration Procedures. 

Section 3.5.1.    Requirements. In connection with the Company’s
obligations under Section 3.1, Section 3.2 and Section 3.3, the Company shall use its reasonable best efforts to effect such Registration and to permit the sale of such Registrable Securities in accordance with
the intended method or methods of distribution thereof as expeditiously as reasonably practicable, and in connection therewith the Company shall: 
  

	 	(a)	 as promptly as practicable, prepare the required Registration Statement, including all exhibits and financial
statements required under the Securities Act to be filed therewith and Prospectus, and, before filing a Registration Statement or Prospectus or any amendments or supplements thereto, (i) furnish to the underwriters, if any, and to the Holders
of the Registrable Securities covered by such Registration Statement, copies of all documents prepared to be filed, which documents shall be subject to the review of such underwriters and such Holders and their respective counsel, (ii) make
such changes in such documents concerning the Holders prior to the filing thereof as such Holders, or their counsel, may reasonably request and (iii) not file any Registration Statement or Prospectus or amendments or supplements thereto to
which the participating Holders with Registrable Securities covered by such Registration Statement, in such capacity, or the underwriters, if any, shall reasonably object; 

 

	 	(b)	 prepare and file with the SEC such amendments and post-effective amendments to such Registration Statement and
supplements to the Prospectus as may be (i) reasonably requested by any participating Holder with Registrable Securities covered by such Registration Statement, (ii) reasonably requested by any participating Holder (to the extent such
request relates to information relating to such Holder) or (iii) necessary to keep such Registration Statement effective for the period of time required by this Agreement and comply with provisions of the applicable securities laws with respect
to the sale or other disposition of all securities covered by such Registration Statement during such period in accordance with the intended method or methods of disposition by the sellers thereof set forth in such Registration Statement;

  
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	 	(c)	 notify the participating Holders and the managing underwriter or underwriters, if any, and (if requested)
confirm such notice in writing and provide copies of the relevant documents, as soon as reasonably practicable after notice thereof is received by the Company (i) when the applicable Registration Statement or any amendment thereto has been
filed or becomes effective, and when the applicable Prospectus or any amendment or supplement thereto has been filed, (ii) of any written comments by the SEC, or any request by the SEC or other federal or state governmental authority for
amendments or supplements to such Registration Statement or such Prospectus, or for additional information (whether before or after the effective date of the Registration Statement) or any other correspondence with the SEC relating to, or which may
affect, the Registration, (iii) of the issuance by the SEC of any stop order suspending the effectiveness of such Registration Statement or any order by the SEC or any other regulatory authority preventing or suspending the use of any
preliminary or final Prospectus or the initiation or threatening of any proceedings for such purposes, (iv) if, at any time, the representations and warranties of the Company in any applicable underwriting agreement cease to be true and correct
in all material respects and (v) of the receipt by the Company of any notification with respect to the suspension of the qualification of the Registrable Securities for offering or sale in any jurisdiction or the initiation or threatening of
any proceeding for such purpose; 

  

	 	(d)	 promptly notify each selling Holder and the managing underwriter or underwriters, if any, when the Company
becomes aware of the happening of any event as a result of which the applicable Registration Statement or the Prospectus included in such Registration Statement (as then in effect) contains any untrue statement of a material fact or omits to state a
material fact necessary to make the statements therein (in the case of such Prospectus or any preliminary Prospectus, in light of the circumstances under which they were made) not misleading, when any Issuer Free Writing Prospectus includes
information that may conflict with the information contained in the Registration Statement, or, if for any other reason it shall be necessary during such time period to amend or supplement such Registration Statement or Prospectus in order to comply
with the Securities Act and, as promptly as reasonably practicable thereafter, prepare and file with the SEC, and furnish without charge to the selling Holders and the managing underwriter or underwriters, if any, an amendment or supplement to such
Registration Statement or Prospectus, which shall correct such misstatement or omission or effect such compliance; 

  

	 	(e)	 to the extent the Company is eligible under the relevant provisions of Rule 430B under the Securities Act and
if the Company files any Shelf Registration Statement, include in such Shelf Registration Statement such disclosures as may be required by Rule 430B under the Securities Act (referring to the unnamed selling security holders in a generic manner by
identifying the initial offering of the securities to the Holders) in order to ensure that the Holders may be added to such Shelf Registration Statement at a later time through the filing of a Prospectus supplement rather than a post-effective
amendment; 

  
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	 	(f)	 prevent, or obtain the withdrawal of, any stop order or other order or notice preventing or suspending the use
of any preliminary or final Prospectus; 

  

	 	(g)	 promptly incorporate in a Prospectus supplement, Issuer Free Writing Prospectus or post-effective amendment
such information as the managing underwriter or underwriters and the participating Holders agree should be included therein relating to the plan of distribution with respect to such Registrable Securities and make all required filings of such
Prospectus supplement, Issuer Free Writing Prospectus or post-effective amendment as soon as reasonably practicable after being notified of the matters to be incorporated in such Prospectus supplement, Issuer Free Writing Prospectus or
post-effective amendment; 

  

	 	(h)	 furnish to each selling Holder and each underwriter, if any, without charge, as many conformed copies as such
Holder or underwriter may reasonably request of the applicable Registration Statement and any amendment or post-effective amendment or supplement thereto, including financial statements and schedules, all documents incorporated therein by reference
and all exhibits (including those incorporated by reference); 

  

	 	(i)	 deliver to each selling Holder and each underwriter, if any, without charge, as many copies of the applicable
Prospectus (including each preliminary Prospectus) and any amendment or supplement thereto and such other documents as such Holder or underwriter may reasonably request in order to facilitate the disposition of the Registrable Securities by such
Holder or underwriter (it being understood that the Company shall consent to the use of such Prospectus or any amendment or supplement thereto by each of the selling Holders and the underwriters, if any, in connection with the offering and sale of
the Registrable Securities covered by such Prospectus or any amendment or supplement thereto); 

  

	 	(j)	 on or prior to the date on which the applicable Registration Statement becomes effective, use its reasonable
best efforts to register or qualify, and cooperate with the selling Holders, the managing underwriter or underwriters, if any, and their respective counsel, in connection with the Registration or qualification of such Registrable Securities for
offer and sale under the securities or “Blue Sky” laws of each state and other jurisdiction as any such selling Holder or managing underwriter or underwriters, if any, or their respective counsel reasonably request in writing, provided
that the Company shall not be required to qualify generally to do business in any jurisdiction where it is not then so qualified or to take any action that would subject it to taxation or general service of process in any such jurisdiction where it
is not then so subject; 

  
 -12- 

	 	(k)	 cooperate with the selling Holders and the managing underwriter or underwriters, if any, to facilitate the
timely preparation and delivery of certificates representing Registrable Securities to be sold and not bearing any restrictive legends; and enable such Registrable Securities to be in such denominations and registered in such names as the managing
underwriters may request prior to any sale of Registrable Securities to the underwriters; 

  

	 	(l)	 cause the Registrable Securities covered by the applicable Registration Statement to be registered with or
approved by such other governmental agencies or authorities as may be necessary to enable the seller or sellers thereof or the underwriter or underwriters, if any, to consummate the disposition of such Registrable Securities; 

 

	 	(m)	 make such representations and warranties to the Holders being registered, and the underwriters or agents, if
any, in form, substance and scope as are customarily made by issuers in public offerings similar to the offering then being undertaken; 

  

	 	(n)	 enter into such customary agreements (including underwriting and indemnification agreements) and take all such
other actions as the participating Holders or the managing underwriter or underwriters, if any, reasonably request in order to expedite or facilitate the Registration and disposition of such Registrable Securities; 

 

	 	(o)	 obtain for delivery to the Holders being registered and to the underwriter or underwriters, if any, an opinion
or opinions from counsel for the Company dated the most recent effective date of the Registration Statement or, in the event of an Underwritten Public Offering, the date of the closing under the underwriting agreement, in customary form, scope and
substance, which opinions shall be reasonably satisfactory to such Holders or underwriters, as the case may be, and their respective counsel; 

  

	 	(p)	 in the case of an Underwritten Public Offering, obtain for delivery to the Company and the managing underwriter
or underwriters, with copies to the Holders included in such Registration or sale, a comfort letter from the Company’s independent certified public accountants or independent auditors (and, if necessary, any other independent certified public
accountants or independent auditors of any subsidiary of the Company or any business acquired by the Company for which financial statements and financial data are, or are required to be, included in the Registration Statement) in customary form and
covering such matters of the type customarily covered by comfort letters as the managing underwriter or underwriters reasonably request, dated the date of execution of the underwriting agreement and brought down to the closing under the underwriting
agreement; 

  
 -13- 

	 	(q)	 cooperate with each seller of Registrable Securities and each underwriter, if any, participating in the
disposition of such Registrable Securities and their respective counsel in connection with any filings required to be made with FINRA; 

  

	 	(r)	 comply with all applicable securities laws and, if a Registration Statement was filed, make available to its
security holders, as soon as reasonably practicable, an earnings statement satisfying the provisions of Section 11(a) of the Securities Act and the rules and regulations promulgated thereunder; 

 

	 	(s)	 provide and cause to be maintained a transfer agent and registrar for all Registrable Securities covered by the
applicable Registration Statement; 

  

	 	(t)	 cause all Registrable Securities covered by the applicable Registration Statement to be listed on each
securities exchange on which any of the Company’s equity securities are then listed or quoted and on each inter-dealer quotation system on which any of the Company’s equity securities are then quoted. 

 

	 	(u)	 make available upon reasonable notice at reasonable times and for reasonable periods for inspection by a
representative appointed by the participating Holders, by any underwriter participating in any disposition to be effected pursuant to such Registration Statement and by any attorney, accountant or other agent retained by such Holders or any such
underwriter, all pertinent financial and other records and pertinent corporate documents and properties of the Company, and cause all of the Company’s officers, directors and employees and the independent public accountants who have certified
its financial statements to make themselves available to discuss the business of the Company and to supply all information reasonably requested by any such Person in connection with such Registration Statement; 

 

	 	(v)	 in the case of an Underwritten Public Offering, cause the senior executive officers of the Company to
participate in the customary “road show” presentations that may be reasonably requested by the managing underwriter or underwriters in any such offering and otherwise to facilitate, cooperate with, and participate in each proposed offering
contemplated herein and customary selling efforts related thereto; 

  

	 	(w)	 take no direct or indirect action prohibited by Regulation M under the Exchange Act; 

 

	 	(x)	 take all reasonable action to ensure that any Issuer Free Writing Prospectus utilized in connection with any
Registration complies in all material respects with the Securities Act, is filed in accordance with the Securities Act to the extent required thereby, is retained in accordance with the Securities Act to the extent required thereby and, when taken
together with the related Prospectus, will not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading; and

  
 -14- 

	 	(y)	 take all such other commercially reasonable actions as are necessary or advisable in order to expedite or
facilitate the disposition of such Registrable Securities in accordance with the terms of this Agreement. 

 
Section 3.5.2.    Company Information Requests. The Company may require each seller of Registrable Securities as to which any Registration or sale is being effected to furnish to the Company such information
regarding the distribution of such securities and such other information relating to such Holder and its ownership of Registrable Securities as the Company may from time to time reasonably request in writing and the Company may exclude from such
Registration or sale the Registrable Securities of any such Holder who unreasonably fails to furnish such information within a reasonable time after receiving such request. Each Holder agrees to furnish such information to the Company and to
cooperate with the Company as reasonably necessary to enable the Company to comply with the provisions of this Agreement. 
 
Section 3.5.3.    Discontinuing Registration. Each Holder agrees that, upon receipt of any notice from the Company of the occurrence of any event of the kind described in Section 3.5.1(d), such Holder
will discontinue disposition of Registrable Securities pursuant to such Registration Statement until such Holder’s receipt of the copies of the supplemented or amended Prospectus contemplated by Section 3.5.1(d), or until such
Holder is advised in writing by the Company that the use of the Prospectus may be resumed, and has received copies of any additional or supplemental filings that are incorporated by reference in the Prospectus, or any amendments or supplements
thereto, and if so directed by the Company, such Holder shall deliver to the Company (at the Company’s expense) all copies, other than permanent file copies then in such Holder’s possession, of the Prospectus covering such Registrable
Securities current at the time of receipt of such notice. In the event the Company shall give any such notice, the period during which the applicable Registration Statement is required to be maintained effective shall be extended by the number of
days during the period from and including the date of the giving of such notice to and including the date when each seller of Registrable Securities covered by such Registration Statement either receives the copies of the supplemented or amended
Prospectus contemplated by Section 3.5.1(d) or is advised in writing by the Company that the use of the Prospectus may be resumed. 

Section 3.6.    Underwritten Offerings. 

Section 3.6.1.    Piggyback Registrations. If the Company proposes to register
or sell any of its securities under the Securities Act as contemplated by Section 3.3 and such securities are to be distributed through one or more underwriters, the Company shall, if requested by any Holder pursuant to
Section 3.3 and, subject to the provisions of Section 3.3.2, use its reasonable best efforts to arrange for such underwriters to include on the same terms and conditions that apply to the other sellers in such Registration or
sale all the Registrable Securities to be offered and sold by such Holder among the securities of the Company to be distributed by such underwriters in such Registration or sale. The Holders of Registrable Securities to be distributed by such
underwriters shall be parties to the underwriting agreement between the Company and such 

  
 -15- 

 
underwriters and shall complete and execute all questionnaires, powers of attorney and other documents reasonably requested by the underwriters and required under the terms of such underwriting
arrangements. Any such Holder shall not be required to make any representations or warranties to or agreements with the Company or the underwriters other than representations, warranties or agreements regarding such Holder, such Holder’s title
to the Registrable Securities, such Holder’s intended method of distribution and any other representations to be made by the Holder as are generally prevailing in agreements of that type, and the aggregate amount of the liability of such Holder
shall not exceed such Holder’s proceeds from the sale of its Registrable Securities in the offering, net of underwriting discounts and commissions but before expenses. 

Section 3.6.2.    Selection of Underwriters; Selection of Counsel. In the case
of an Underwritten Public Offering under Section 3.2 or Section 3.3, legal counsel for the other Holders shall be selected by participating Holders holding a majority of the Registrable Securities proposed to be included in
the Public Offering. 
 Section 3.7.    No Inconsistent
Agreements; Additional Rights. Neither the Company nor any of its subsidiaries shall hereafter enter into, and, other than the IPO Registration Rights Agreement, neither the Company nor any of its subsidiaries is currently a party to,
any agreement with respect to its securities that is inconsistent with the rights granted to the Holders by this Agreement. Neither the Company nor any of its subsidiaries shall enter into any agreement granting registration or similar rights to any
Person, and the Company hereby represents and warrants that, as of the date hereof, no registration or similar rights have been granted to any other Person other than pursuant to this Agreement, other than pursuant to the IPO Registration Rights
Agreement. 
 Section 3.8.    Registration
Expenses. All expenses incident to the Company’s performance of or compliance with this Agreement shall be paid by the Company, including (a) all registration and filing fees, and any other fees and expenses associated with
filings required to be made with the SEC or FINRA, (b) all fees and expenses in connection with compliance with any securities or “Blue Sky” laws (including reasonable fees and disbursements of counsel for the underwriters in
connection with blue sky qualifications of the Registrable Securities), (c) all printing, duplicating, word processing, messenger, telephone, facsimile and delivery expenses (including expenses of printing certificates for the Registrable Securities
in a form eligible for deposit with The Depository Trust Company and of printing Prospectuses), (d) all fees and disbursements of counsel for the Company and of all independent certified public accountants or independent auditors of the Company and
any subsidiaries of the Company (including the expenses of any special audit and comfort letters required by or incident to such performance), (e) Securities Act liability insurance or similar insurance if the Company so desires or the underwriters
so require in accordance with then-customary underwriting practice, (f) all fees and expenses incurred in connection with the listing of the Registrable Securities on any securities exchange or quotation of the Registrable Securities on any
inter-dealer quotation system, (g) all reasonable fees and disbursements of one counsel for the Holders collectively, (h) all fees and expenses of any special experts or other Persons retained by the Company in connection with any
Registration or sale, (i) all of the Company’s internal expenses (including all salaries and expenses of its officers and employees performing legal or accounting duties) and (j) all expenses related to the “road show” for
any Underwritten Public Offering (including the reasonable out-of-pocket expenses of the Holders and underwriters, if so requested). All such expenses are referred to
herein as 

  
 -16- 

 
“Registration Expenses.” The Company shall not be required to pay any fees and disbursements to underwriters not customarily paid by the issuers of securities in an offering
similar to the applicable offering, including underwriting discounts and commissions and transfer taxes, if any, attributable to the sale of Registrable Securities. 

Section 3.9.    Indemnification. 

Section 3.9.1.    Indemnification by the Company. The Company shall indemnify
and hold harmless, to the full extent permitted by law, each Holder, each shareholder, member, limited or general partner of such Holder, each shareholder, member, limited or general partner of each such shareholder, member, limited or general
partner, each of their respective Affiliates, officers, directors, shareholders, employees, advisors, and agents and each Person who controls (within the meaning of the Securities Act or the Exchange Act) such Persons and each of their respective
Representatives from and against any and all losses, penalties, judgments, suits, costs, claims, damages, liabilities and expenses, joint or several (including reasonable costs of investigation and legal expenses) (each, a “Loss”
and collectively “Losses”) arising out of or based upon (a) any untrue or alleged untrue statement of a material fact contained in any Registration Statement under which such Registrable Securities are registered or sold under
the Securities Act (including any final, preliminary or summary Prospectus contained therein or any amendment thereof or supplement thereto or any documents incorporated by reference therein) or any other disclosure document produced by or on behalf
of the Company or any of its subsidiaries including any report and other document filed under the Exchange Act, (b) any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the
statements therein (in the case of a Prospectus or preliminary Prospectus, in light of the circumstances under which they were made) not misleading or (c) any violation or alleged violation by the Company or any of its subsidiaries of any
federal, state, foreign or common law rule or regulation applicable to the Company or any of its subsidiaries and relating to action or inaction in connection with any such registration, disclosure document or other document or report;
provided, that no selling Holder shall be entitled to indemnification pursuant to this Section 3.9.1 in respect of any untrue statement or omission contained in any information relating to such selling Holder furnished in writing
by such selling Holder to the Company specifically for inclusion in a Registration Statement and used by the Company in conformity therewith (such information, “Selling Stockholder Information”). This indemnity shall be in addition
to any liability the Company may otherwise have. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of such Holder or any indemnified party and shall survive the Transfer of such securities by
such Holder and regardless of any indemnity agreed to in the underwriting agreement that is less favorable to the Holders. The Company shall also indemnify underwriters, selling brokers, dealer managers and similar securities industry professionals
participating in the distribution, their respective officers and directors and each Person who controls such Persons (within the meaning of the Securities Act and the Exchange Act) to the same extent as provided above (with appropriate modification)
with respect to the indemnification of the indemnified parties. 

Section 3.9.2.    Indemnification by the Selling Holders. Each selling Holder
agrees (severally and not jointly) to indemnify and hold harmless, to the fullest extent permitted by law, the Company, its directors and officers and each Person who controls the Company (within the meaning of the Securities Act or the Exchange
Act) from and against any Losses resulting from 

  
 -17- 

 
(a) any untrue statement of a material fact in any Registration Statement under which such Registrable Securities were registered or sold under the Securities Act (including any final,
preliminary or summary Prospectus contained therein or any amendment thereof or supplement thereto or any documents incorporated by reference therein) or (b) any omission to state therein a material fact required to be stated therein or
necessary to make the statements therein (in the case of a Prospectus or preliminary Prospectus, in light of the circumstances under which they were made) not misleading, in each case to the extent, but only to the extent, that such untrue statement
or omission is contained in such selling Holder’s Selling Stockholder Information. In no event shall the liability of any selling Holder hereunder be greater in amount than the dollar amount of the proceeds from the sale of its Registrable
Securities in the offering giving rise to such indemnification obligation, net of underwriting discounts and commissions but before expenses, less any amounts paid by such Holder pursuant to Section 3.9.4 and any amounts paid by such
Holder as a result of liabilities incurred under the underwriting agreement, if any, related to such sale. 

Section 3.9.3.    Conduct of Indemnification Proceedings. Any Person entitled
to indemnification hereunder shall (a) give prompt written notice to the indemnifying party of any claim with respect to which it seeks indemnification (provided that any delay or failure to so notify the indemnifying party shall relieve the
indemnifying party of its obligations hereunder only to the extent, if at all, that it is actually and materially prejudiced by reason of such delay or failure) and (b) permit such indemnifying party to assume the defense of such claim with
counsel reasonably satisfactory to the indemnified party; provided, however, that any Person entitled to indemnification hereunder shall have the right to select and employ separate counsel and to participate in the defense of such
claim, but the fees and expenses of such counsel shall be at the expense of such Person unless (l) the indemnifying party has agreed in writing to pay such fees or expenses, (m) the indemnifying party shall have failed to assume the
defense of such claim within a reasonable time after receipt of notice of such claim from the Person entitled to indemnification hereunder and employ counsel reasonably satisfactory to such Person, (n) the indemnified party has reasonably
concluded (based upon advice of its counsel) that there may be legal defenses available to it or other indemnified parties that are different from or in addition to those available to the indemnifying party, or (o) in the reasonable judgment of
any such Person (based upon advice of its counsel) a conflict of interest may exist between such Person and the indemnifying party with respect to such claims (in which case, if the Person notifies the indemnifying party in writing that such Person
elects to employ separate counsel at the expense of the indemnifying party, the indemnifying party shall not have the right to assume the defense of such claim on behalf of such Person). If the indemnifying party assumes the defense, the
indemnifying party shall not have the right to settle such action without the consent of the indemnified party, which shall not be unreasonably withheld. No indemnifying party shall consent to entry of any judgment or enter into any settlement that
does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of an unconditional release from all liability in respect to such claim or litigation without the prior written consent of such
indemnified party. If such defense is not assumed by the indemnifying party, the indemnifying party will not be subject to any liability for any settlement made without its prior written consent, but such consent may not be unreasonably withheld. It
is understood that the indemnifying party or parties shall not, except as specifically set forth in this Section 3.9.3 and in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable
fees, disbursements or other charges of more than one separate firm admitted to practice in such jurisdiction at any one time 

  
 -18- 

 
unless (x) the employment of more than one counsel has been authorized in writing by the indemnifying party or parties, (y) an indemnified party has reasonably concluded (based on the
advice of counsel) that there may be legal defenses available to it that are different from or in addition to those available to the other indemnified parties or (z) a conflict or potential conflict exists or may exist (based upon advice of
counsel to an indemnified party) between such indemnified party and the other indemnified parties, in each of which cases the indemnifying party shall be obligated to pay the reasonable fees and expenses of such additional counsel or counsels. 

Section 3.9.4.    Contribution. If for any reason the indemnification provided
for in Section 3.9.1 and Section 3.9.2 is unavailable to an indemnified party or insufficient in respect of any Losses referred to therein (other than as a result of exceptions or limitations on indemnification contained in
Section 3.9.1 and Section 3.9.2), then the indemnifying party shall contribute to the amount paid or payable by the indemnified party as a result of such Loss in such proportion as is appropriate to reflect the relative fault
of the indemnifying party on the one hand and the indemnified party or parties on the other hand in connection with the acts, statements or omissions that resulted in such Losses, as well as any other relevant equitable considerations. In connection
with any Registration Statement filed with the SEC by the Company, the relative fault of the indemnifying party on the one hand and the indemnified party on the other hand shall be determined by reference to, among other things, whether any untrue
or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the indemnifying party or by the indemnified party and the parties’ relative intent, knowledge,
access to information and opportunity to correct or prevent such statement or omission. The parties hereto agree that it would not be just or equitable if contribution pursuant to this Section 3.9.4 were determined by pro
rata allocation or by any other method of allocation that does not take account of the equitable considerations referred to in this Section 3.9.4. No Person guilty of fraudulent misrepresentation (within the meaning of
Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The amount paid or payable by an indemnified party as a result of the Losses referred to in
Section 3.9.1 and Section 3.9.2 shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending
any such action or claim. Notwithstanding the provisions of this Section 3.9.4, in connection with any Registration Statement filed by the Company, a selling Holder shall not be required to contribute any amount in excess of the dollar
amount of the proceeds from the sale of its Registrable Securities in the offering giving rise to such contribution obligation, net of underwriting discounts and commissions but before expenses, less any amounts paid by such Holder pursuant to
Section 3.9.2 and any amounts paid by such Holder as a result of liabilities incurred under the underwriting agreement, if any, related to such sale. If indemnification is available under this Section 3.9, the indemnifying
parties shall indemnify each indemnified party to the full extent provided in Section 3.9.1 and Section 3.9.2 hereof without regard to the provisions of this Section 3.9.4. The remedies provided for in this
Section 3.9 are not exclusive and shall not limit any rights or remedies that may otherwise be available to any indemnified party at law or in equity. 

Section 3.10.    Rules 144 and 144A and Regulation
S. The Company shall file the reports required to be filed by it under the Securities Act and the Exchange Act and the rules and regulations adopted by the SEC thereunder (or, if the Company is not required to file such reports, it will,
upon the request of any Holder, make publicly available such necessary information for so 

  
 -19- 

 
long as necessary to permit sales that would otherwise be permitted by this Agreement pursuant to Rule 144, Rule 144A or Regulation S under the Securities Act, as such rules may be amended from
time to time or any similar rule or regulation hereafter adopted by the SEC), and it will take such further action as any Holder may reasonably request, all to the extent required from time to time to enable such Holder to sell Registrable
Securities without Registration under the Securities Act in transactions that would otherwise be permitted by this Agreement and within the limitation of the exemptions provided by (a) Rule 144, Rule 144A or Regulation S under the Securities
Act, as such rules may be amended from time to time, or (b) any similar rule or regulation hereafter adopted by the SEC. Upon the request of any Holder, the Company will deliver to such Holder a written statement as to whether it has complied
with such requirements and, if not, the specifics thereof. 

Section 3.11.    Existing Registration Statements.
Notwithstanding anything herein to the contrary and subject to applicable law and regulation, the Company may satisfy any obligation hereunder to file a Registration Statement or to have a Registration Statement become effective by a specified date
by designating, by notice to the Holders, a Registration Statement that previously has been filed with the SEC or become effective, as the case may be, as the relevant Registration Statement for purposes of satisfying such obligation, and all
references to any such obligation shall be construed accordingly; provided that such previously filed Registration Statement may be, and is, amended or, subject to applicable securities laws, supplemented to add the number of Registrable
Securities, and, to the extent necessary, to identify as selling stockholders those Holders demanding the filing of a Registration Statement pursuant to the terms of this Agreement. To the extent this Agreement refers to the filing or effectiveness
of other Registration Statements, by or at a specified time and the Company has, in lieu of then filing such Registration Statements or having such Registration Statements become effective, designated a previously filed or effective Registration
Statement as the relevant Registration Statement for such purposes, in accordance with the preceding sentence, such references shall be construed to refer to such designated Registration Statement, as amended or supplemented in the manner
contemplated by the immediately preceding sentence. 
 ARTICLE IV 

MISCELLANEOUS 
 
Section 4.1.    Authority; Effect. Each party hereto represents and warrants to and agrees with each other party that the execution and delivery of this Agreement and the
consummation of the transactions contemplated hereby have been duly authorized on behalf of such party and do not violate any agreement or other instrument applicable to such party or by which its assets are bound. This Agreement does not, and shall
not be construed to, give rise to the creation of a partnership among any of the parties hereto, or to constitute any of such parties members of a joint venture or other association. The Company and its subsidiaries shall be jointly and severally
liable for all obligations of each such party pursuant to this Agreement. 

  
 -20- 

Section 4.2.    Notices. Any notices, requests,
demands and other communications required or permitted in this Agreement shall be effective if in writing and (a) delivered personally, (b) sent by facsimile or e-mail or (c) sent by overnight
courier, in each case, addressed as follows: 
 If to the Company to: 

PetIQ, Inc. 
 500 E. Shore
Drive, Suite 120 
 Eagle, Idaho 83616 

Email: rmooney@truescience.com 

Attn: Robert P. K. Mooney, General Counsel 

with a copy to: 

Winston & Strawn LLP 

200 Park Avenue 
 New York, New
York 10166 
 Fax: (212) 294-4700 

Email: ddechiara@winston.com 

Attn: Dominick P. DeChiara 
 and

 Winston & Strawn LLP 

35 West Wacker Drive 
 Chicago,
Illinois 60601 
 Fax: (312) 558-5700 

Email: jjunewicz@winston.com 

Attn: James J. Junewicz 
 If to
a VIP Petcare Owner, to such party’s address as set forth on the signature pages hereto. 
 Notice to the holder of record of any
Registrable Securities shall be deemed to be notice to the holder of such securities for all purposes hereof. 
 Unless otherwise specified
herein, such notices or other communications shall be deemed effective (x) on the date received, if personally delivered, (y) on the date received if delivered by facsimile or e-mail on a Business
Day, or if not delivered on a Business Day, on the first Business Day thereafter and (z) two Business Days after being sent by overnight courier. Each of the parties hereto shall be entitled to specify a different address by giving notice as
aforesaid to each of the other parties hereto. 

Section 4.3.    Termination and Effect of
Termination. This Agreement shall terminate upon the date on which no Holder holds any Registrable Securities, except for the provisions of Section 3.9 and Section 3.10, which shall survive any such
termination. No termination under this Agreement shall relieve any Person of liability for breach or Registration Expenses incurred prior to termination. In the event this Agreement is terminated, each Person entitled to indemnification rights
pursuant to Section 3.9 hereof shall retain such indemnification rights with respect to any matter that (a) may be an indemnified liability thereunder and (b) occurred prior to such termination. 

Section 4.4.    Permitted Transferees. The
rights of a Holder hereunder may be assigned (but only with all related obligations as set forth below) in connection with a Transfer of Registrable Securities to a Permitted Transferee of that Holder. Without prejudice to any other or

  
 -21- 

 
similar conditions imposed hereunder with respect to any such Transfer, no assignment permitted under the terms of this Section 4.4 will be effective unless the Permitted Transferee
to which the assignment is being made, if not a Holder, has delivered to the Company a written acknowledgment and agreement in form and substance reasonably satisfactory to the Company that the Permitted Transferee will be bound by, and will be a
party to, this Agreement. A Permitted Transferee to whom rights are transferred pursuant to this Section 4.4 may not again transfer those rights to any other Permitted Transferee, other than as provided in this Section 4.4.

 Section 4.5.    Remedies. The parties
to this Agreement shall have all remedies available at law, in equity or otherwise in the event of any breach or violation of this Agreement or any default hereunder. The parties acknowledge and agree that in the event of any breach of this
Agreement, in addition to any other remedies that may be available, each of the parties hereto shall be entitled to specific performance of the obligations of the other parties hereto and, in addition, to such other equitable remedies (including
preliminary or temporary relief) as may be appropriate in the circumstances. No delay of or omission in the exercise of any right, power or remedy accruing to any party as a result of any breach or default by any other party under this Agreement
shall impair any such right, power or remedy, nor shall it be construed as a waiver of or acquiescence in any such breach or default, or of any similar breach or default occurring later; nor shall any such delay, omission nor waiver of any single
breach or default be deemed a waiver of any other breach or default occurring before or after that waiver. 

Section 4.6.    Amendments. This Agreement
may not be orally amended, modified, extended or terminated, nor shall any oral waiver of any of its terms be effective. This Agreement may be amended, modified, extended or terminated, and the provisions hereof may be waived, only by an agreement
in writing signed by (a) the Company and a majority of the VIP Petcare Owners; provided, however, that any amendment, modification, extension or termination that disproportionately and adversely affects any Holder shall require
the prior written consent of such Holder. Each such amendment, modification, extension or termination shall be binding upon each party hereto. In addition, each party hereto may waive any right hereunder by an instrument in writing signed by such
party. 
 Section 4.7.    Governing Law.
This Agreement and all claims arising out of or based upon this Agreement or relating to the subject matter hereof shall be governed by and construed in accordance with the domestic substantive laws of the State of New York without giving effect
to any choice or conflict of laws provision or rule that would cause the application of the domestic substantive laws of any other jurisdiction. 

Section 4.8.    Consent to Jurisdiction.
Each party to this Agreement, by its execution hereof, (a) hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in the State of New York for the purpose of any action, claim, cause of action or
suit (in contract, tort or otherwise), inquiry, proceeding or investigation arising out of or based upon this Agreement or relating to the subject matter hereof, (b) hereby waives to the extent not prohibited by applicable law, and agrees not
to assert, and agrees not to allow any of its subsidiaries to assert, by way of motion, as a defense or otherwise, in any such action, any claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is
exempt or immune from attachment or execution, that any such proceeding brought in one of the above-named courts is improper, or that this Agreement or the subject matter hereof or thereof may not be enforced in

  
 -22- 

 
or by such court and (c) hereby agrees not to commence or maintain any action, claim, cause of action or suit (in contract, tort or otherwise), inquiry, proceeding or investigation arising
out of or based upon this Agreement or relating to the subject matter hereof or thereof other than before one of the above-named courts nor to make any motion or take any other action seeking or intending to cause the transfer or removal of any such
action, claim, cause of action or suit (in contract, tort or otherwise), inquiry, proceeding or investigation to any court other than one of the above-named courts whether on the grounds of inconvenient forum or otherwise. Notwithstanding the
foregoing, to the extent that any party hereto is or becomes a party in any litigation in connection with which it may assert indemnification rights set forth in this Agreement, the court in which such litigation is being heard shall be deemed to be
included in clause (a) above. Notwithstanding the foregoing, any party to this Agreement may commence and maintain an action to enforce a judgment of any of the above-named courts in any court of competent jurisdiction. Each party hereto hereby
consents to service of process in any such proceeding in any manner permitted by New York law and agrees that service of process by registered or certified mail, return receipt requested, at its address specified pursuant to Section 4.2 hereof
is reasonably calculated to give actual notice. 

Section 4.9.    WAIVER OF JURY TRIAL. TO
THE EXTENT NOT PROHIBITED BY APPLICABLE LAW THAT CANNOT BE WAIVED, EACH PARTY HERETO HEREBY WAIVES AND COVENANTS THAT IT WILL NOT ASSERT (WHETHER AS PLAINTIFF, DEFENDANT OR OTHERWISE) ANY RIGHT TO TRIAL BY JURY IN ANY FORUM IN RESPECT OF ANY ISSUE
OR ACTION, CLAIM, CAUSE OF ACTION OR SUIT (IN CONTRACT, TORT OR OTHERWISE), INQUIRY, PROCEEDING OR INVESTIGATION ARISING OUT OF OR BASED UPON THIS AGREEMENT OR THE SUBJECT MATTER HEREOF OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE
TRANSACTIONS CONTEMPLATED HEREBY, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING. EACH PARTY HERETO ACKNOWLEDGES THAT IT HAS BEEN INFORMED BY THE OTHER PARTIES HERETO THAT THIS SECTION 4.9 CONSTITUTES A MATERIAL INDUCEMENT UPON WHICH
THEY ARE RELYING AND WILL RELY IN ENTERING INTO THIS AGREEMENT. ANY PARTY HERETO MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 4.9 WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF EACH SUCH PARTY TO THE WAIVER OF ITS RIGHT TO
TRIAL BY JURY. 
 Section 4.10.    Merger; Binding
Effect. This Agreement (along with the PetIQ LLC Operating Agreement) constitutes the entire agreement of the parties with respect to its subject matter, supersedes all prior or contemporaneous oral or written agreements or
discussions with respect to such subject matter, and shall be binding upon and inure to the benefit of the parties hereto and thereto and their respective heirs, representatives, successors and permitted assigns. Except as otherwise expressly
provided herein, no Holder or other party hereto may assign any of its respective rights or delegate any of its respective obligations under this Agreement without the prior written consent of the other parties hereto, and any attempted assignment
or delegation in violation of the foregoing shall be null and void. 

Section 4.11.    Counterparts. This
Agreement may be executed in multiple counterparts, each of which shall be deemed an original, but all of which taken together shall constitute one instrument. 

  
 -23- 

Section 4.12.    Severability. In the event
that any provision hereof would, under applicable law, be invalid or unenforceable in any respect, such provision shall be construed by modifying or limiting it so as to be valid and enforceable to the maximum extent compatible with, and possible
under, applicable law. The provisions hereof are severable, and in the event any provision hereof should be held invalid or unenforceable in any respect, it shall not invalidate, render unenforceable or otherwise affect any other provision hereof.

 Section 4.13.    No Recourse.
Notwithstanding anything that may be expressed or implied in this Agreement, the Company and each Holder covenant, agree and acknowledge that no recourse under this Agreement or any documents or instruments delivered in connection with this
Agreement shall be had against any current or future director, officer, employee, general or limited partner or member of any Holder or of any Affiliate or assignee thereof, as such, whether by the enforcement of any assessment or by any legal or
equitable proceeding, or by virtue of any statute, regulation or other applicable law, it being expressly agreed and acknowledged that no personal liability whatsoever shall attach to, be imposed on or otherwise be incurred by any current or future
officer, agent or employee of any Holder or any current or future member of any Holder or any current or future director, officer, employee, partner or member of any Holder or of any Affiliate or assignee thereof, as such, for any obligation of any
Holder under this Agreement or any documents or instruments delivered in connection with this Agreement for any claim based on, in respect of or by reason of such obligations or their creation. 

[Signature Pages Follow] 

  
 -24- 

 IN WITNESS WHEREOF, each of the undersigned has duly executed this Agreement as of
the date first above written. 
  

			
	COMPANY
	
	PetIQ, INC.
		
	By:	 	/s/ McCord Christensen
	Name:	 	McCord Christensen
	Title:	 	Chief Executive Officer
	
	VIP PETCARE OWNERS
	
	VIP Petcare Holdings, Inc.
		
	By:	 	/s/ Will D. Santana
	Name:	 	Will D. Santana
	Title:	 	Chief Executive Officer
		
	Address:	 	5813 Skylane Blvd.
		
		 	Windsor, CA 95492

  
 [Signature Page to
Registration Rights Agreement]

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