Document:

BARFRESH
FOOD GROUP INC.

 

2015
EQUITY INCENTIVE PLAN

 

1.
PURPOSE. The Barfresh Food Group Inc. 2015 Equity Incentive Plan has two complementary purposes: (a) to attract and
retain outstanding individuals to serve as officers, employees, directors, consultants and advisors to the Company and its Affiliates,
and (b) to increase stockholder value. The Plan will provide participants with incentives to increase stockholder value by offering
the opportunity to acquire shares of the Company’s Common Stock or receive monetary payments based on the value of such
Common Stock, on the potentially favorable terms that this Plan provides.

 

2.
EFFECTIVE DATE. The Plan shall become effective upon its adoption by the Board of Directors of the Company, subject
to approval by the stockholders of the Company within twelve (12) months of the effective date. Any Awards granted under the Plan
prior to such stockholder approval shall be conditioned on such approval.

 

3.
DEFINITIONS. Capitalized terms used in this Plan have the following meanings:

 

(a)
“Affiliate” means any entity that, directly or through one or more intermediaries, is controlled by, controls, or
is under common control with, the Company within the meaning of Code Sections 414(b) or (c), provided that, in applying such provisions,
the phrase “at least fifty percent (50%)” shall be used in place of “at least eighty percent (80%)” each
place it appears therein.

 

(b)
“Award” means a grant of Options (as defined below), Stock Appreciation Rights (as defined in Section 3(w) hereof),
Performance Shares (as defined in Section 3(p) hereof), Restricted Stock (as defined in Section 3(s) hereof), or Restricted Stock
Units (as defined in Section 3(t) hereof).

 

(c)
“Bankruptcy” shall mean (i) the filing of a voluntary petition under any bankruptcy or insolvency law, or a petition
for the appointment of a receiver or the making of an assignment for the benefit of creditors, with respect to the Participant,
or (ii) the Participant being subjected involuntarily to such a petition or assignment or to an attachment or other legal or equitable
interest with respect to the Participant’s assets, which involuntary petition or assignment or attachment is not discharged
within 60 days after its date, and (iii) the Participant being subject to a transfer of its Issued Shares by operation of law
(including by divorce, even if not insolvent), except by reason of death.

 

(d)
“Board” means the Board of Directors of the Company.

 

    	 

    	 

    

  

(e)
“Change of Control” shall be deemed to have occurred as of the first day that any one or more of the following conditions
is satisfied, including, but not limited to, the signing of documents by all parties and approval by all regulatory agencies,
if required:

 

(i)
The stockholders approve a plan of complete liquidation or dissolution of the Company; or

 

(ii)
The consummation of (A) an agreement for the sale or disposition of all or substantially all of the Company’s assets (other
than to an Excluded Person (as defined below)), or (B) a merger, consolidation or reorganization of the Company with or involving
any other corporation, other than a merger, consolidation or reorganization that would result in the holders of voting securities
of the Company outstanding immediately prior thereto continuing to hold (either by remaining outstanding or by being converted
into voting securities of the surviving entity), at least fifty percent (50%) of the combined voting power of the voting securities
of the Company (or such other surviving entity) outstanding immediately after such merger, consolidation or reorganization.

 

An
Excluded Person means: (i) the Company or any of its Affiliates, (ii) a trustee or other fiduciary holding securities under any
employee benefit plan of the Company or any of its Affiliates, (iii) an underwriter temporarily holding securities pursuant to
an offering of such securities or (iv) a corporation owned, directly or indirectly, by the stockholders of the Company in substantially
the same proportions as their ownership of stock in the Company.

 

Notwithstanding
the foregoing, with respect to an Award that is considered deferred compensation subject to Code Section 409A, if the definition
of “Change of Control” results in the payment of such Award, then such definition shall be amended to the minimum
extent necessary, if at all, so that the definition satisfies the requirements of a change of control under Code Section 409A.

 

(f)
“Code” means the Internal Revenue Code of 1986, as amended. Any reference to a specific provision of the Code includes
any successor provision and the regulations promulgated under such provision.

 

(g)
“Committee” means the Compensation Committee of the Board (or a successor committee with similar authority) or if
no such committee is named by the Board, than it shall mean the Board.

 

(h)
“Common Stock” means the Common Stock of the Company, par value $0.001 per share.

 

(i)
“Company” means Barfresh Food Group Inc., a Delaware corporation, or any successor thereto.

 

(j)
“Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time. Any reference to a specific
provision of the Exchange Act shall be deemed to include any successor provision thereto.

 

(k)
“Fair Market Value” means, per Share on a particular date, the value as determined by the Committee using a reasonable
valuation method within the meaning of Code Section 409A, based on all information in the Company’s possession at such time,
or if applicable, the value as determined by an independent appraiser selected by the Board or Committee.

 

    	 

    	 

    

  

(l)
“Issued Shares” means, collectively, all outstanding Shares issued pursuant to an Award and all Option Shares.

 

(m)
“Option” means the right to purchase Shares at a stated price upon and during a specified time. “Options”
may either be “incentive stock options” which meet the requirements of Code Section 422, or “nonqualified stock
options” which do not meet the requirements of Code Section 422.

 

(n)
“Option Shares” mean outstanding Shares that were issued to a Participant upon the exercise of an Option.

 

(o)
“Participant” means an officer or other employee of the Company or its Affiliates, or an individual that the Company
or an Affiliate has engaged to become an officer or employee, or a consultant or advisor who provides services to the Company
or its Affiliates, including a non-employee director of the Board, whom the Committee designates to receive an Award.

 

(p)
“Performance Shares” means the right to receive Shares to the extent the Company, Subsidiary, Affiliate or other business
unit and/or Participant achieves certain goals that the Committee establishes over a period of time the Committee designates.

 

(q)
“Permitted Transferee” means, in connection with a transfer made for bona fide estate planning purposes, either during
a Participant’s lifetime or on death by will or intestacy, to his or her spouse, child (natural or adopted), or any other
direct lineal descendant of such Participant (or his or her spouse) (all of the foregoing collectively referred to as “family
members”), or any other relative approved unanimously by the Board of Directors of the Company, or any custodian or trustee
of any trust, partnership or limited liability company for the benefit of, or the ownership interests of which are owned wholly
by, such Participant or any such family members.

 

(r)
“Plan” means this Barfresh Food Group Inc. 2015 Equity Incentive Plan, as amended from time to time.

 

(s)
“Restricted Stock” means Shares that are subject to a risk of forfeiture and/or restrictions on transfer (including
but not limited to stock grants with the recipient having the right to make an election under Section 83(b) of the Code), which
may lapse upon the achievement or partial achievement of performance goals during a specified period and/or upon the completion
of a period of service or upon the occurrence of other events, as determined by the Committee.

 

(t)
“Restricted Stock Unit” means the right to receive a Share, or a cash payment, the amount of which is equal to the
Fair Market Value of a Share, which is subject to a risk of forfeiture which may lapse upon the achievement or partial achievement
of performance goals during a specified period and/or upon the completion of a period of service or upon the occurrence of other
events, as determined by the Committee.

 

(u)
“Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations thereunder.

 

    	 

    	 

    

  

(v)
“Share” means a share of Common Stock.

 

(w)
“Stock Appreciation Right” or “SAR” means the right of a Participant to receive cash, and/or Shares with
a Fair Market Value, equal to the excess of the Fair Market Value of a Share over the grant price.

 

(x)
“Subsidiary” means any corporation in an unbroken chain of corporations beginning with the Company if each of the
corporations (other than the last corporation in the chain) owns stock possessing more than fifty percent (50%) of the total combined
voting power of all classes of stock in one of the other corporations in the chain.

 

(y)
“10% Owner-Employee” means an employee who, at the time an incentive stock option is granted, owns (directly or indirectly,
within the meaning of Code Section 424(d)) more than ten percent (10%) of the total combined voting power of all classes of stock
of the Company or of any Subsidiary.

 

4.
ADMINISTRATION.

 

(a)
Committee Administration. The Committee has full authority to administer this Plan, including the authority to (i) interpret
the provisions of this Plan, (ii) prescribe, amend and rescind rules and regulations relating to this Plan, (iii) correct any
defect, supply any omission, or reconcile any inconsistency in any Award or agreement covering an Award in the manner and to the
extent it deems desirable to carry this Plan into effect, and (iv) make all other determinations necessary or advisable for the
administration of this Plan. All actions or determinations of the Committee are made in its sole discretion and will be final
and binding on any person with an interest therein. If at any time the Committee is not in existence, the Board shall administer
the Plan and references to the Committee in the Plan shall mean the Board.

 

(b)
Delegation to Committees or Officers. To the extent applicable law permits, the Board may delegate to another committee
of the Board or to one or more officers of the Company, or the Committee may delegate to a sub-committee, any or all of the authority
and responsibility of the Committee. If the Board or Committee has made such a delegation, then all references to the Committee
in this Plan include such committee, sub-committee or one or more officers to the extent of such delegation.

 

(c)
No Liability. No member of the Committee, and no individual or officer to whom a delegation under subsection (b) has been
made, will be liable for any act done, or determination made, by the individual in good faith with respect to the Plan or any
Award. The Company will indemnify and hold harmless such individual to the maximum extent that the law and the Company’s
bylaws permit.

 

    	 

    	 

    

  

5.
DISCRETIONARY GRANTS OF AWARDS. Subject to the terms of this Plan and applicable law, the Committee has full power
and authority to: (a) designate from time to time the Participants to receive Awards under this Plan; (b) determine the type or
types of Awards to be granted to each Participant; (c) determine the number of Shares with respect to which an Award relates;
and (d) determine any terms and conditions of any Award including but not limited to permitting the delivery to the Company of
Shares or the relinquishment of an appropriate number of vested Shares under an exercisable Option in satisfaction of part of
all of the exercise price of, or withholding taxes with respect to, an Award or payment through a “net exercise” procedure
established by the Company such that, without the payment of any funds, the Participant may exercise the Option and receive the
net number of Shares. Method of payment, in the case of an incentive stock option, shall be determined at the time of grant. Awards
may be granted either alone or in addition to, in tandem with, or in substitution for any other Award (or any other award granted
under another plan of the Company or any Affiliate). The Committee’s designation of a Participant in any year will not require
the Committee to designate such person to receive an Award in any other year.

 

6.
SHARES RESERVED UNDER THIS PLAN.

 

(a)
Plan Reserve. An aggregate of fifteen million (15,000,000) Shares are reserved for issuance under this Plan, all of which
may be issued as any form of Award.

 

(b)
Replenishment of Shares Under this Plan. If an Award lapses, expires, terminates or is cancelled without the issuance of
Shares or payment of cash under the Award, then the Shares subject to or reserved for in respect of such Award, or the Shares
to which such Award relates, may again be used for new Awards as determined under subsection (a), including issuance pursuant
to incentive stock options. If Shares are delivered to (or withheld by) the Company in payment of the exercise price or withholding
taxes of an Award, then such Shares may be used for new Awards under this Plan as determined under subsection (a), including issuance
pursuant to incentive stock options. If Shares are issued under any Award and the Company subsequently reacquires them pursuant
to rights reserved upon the issuance of the Shares, then such Shares may be used for new Awards under this Plan as determined
under subsection (a), but excluding issuance pursuant to incentive stock options.

 

7.
OPTIONS. Subject to the terms of this Plan, the Committee will determine all terms and conditions of each Option, including
but not limited to:

 

(a)
Whether the Option is an incentive stock option or a nonqualified stock option; provided that in the case of an incentive stock
option, if the aggregate Fair Market Value (determined at the time of grant) of the Shares with respect to which such option and
all other incentive stock options issued under this Plan (and under all other incentive stock option plans of the Company or any
Affiliate that is required to be included under Code Section 422) are first exercisable by the Participant during any calendar
year exceeds $100,000, such Option automatically shall be treated as a nonqualified stock option to the extent this limit is exceeded.
Only employees of the Company or a Subsidiary are eligible to be granted incentive stock options;

 

(b)
The number of Shares subject to the Option;

 

(c)
The exercise price per Share, which may not be less than the Fair Market Value of a Share as determined on the date of grant;
provided that an incentive stock option granted to a 10% Owner-Employee must have an exercise price that is at least one hundred
ten percent (110%) of the Fair Market Value of a Share on the date of grant;

 

(d)
The terms and conditions of exercise; and

 

    	 

    	 

    

  

(e)
The termination date, except that each Option must terminate no later than the tenth (10th) anniversary of the date of grant and
each incentive stock option granted to any 10% Owner-Employee must terminate no later than the fifth (5th) anniversary of the
date of grant.

 

In
all other respects, the terms of any incentive stock option should comply with the provisions of Code Section 422 except to the
extent the Committee determines otherwise.

 

8.
STOCK APPRECIATION RIGHTS. Subject to the terms of this Plan, the Committee will determine all terms and conditions
of each SAR, including but not limited to:

 

(a)
The number of Shares to which the SAR relates;

 

(b)
The grant price, provided that the grant price shall not be less than the Fair Market Value of the Shares subject to the SAR as
determined on the date of grant;

 

(c)
The terms and conditions of exercise or maturity;

 

(d)
The term, provided that an SAR must terminate no later than the tenth (10th) anniversary of the date of grant; and

 

(e)
Whether the SAR will be settled in cash, Shares or a combination thereof.

 

9.
PERFORMANCE SHARE AWARDS. Subject to the terms of this Plan, the Committee will determine all terms and conditions
of each Performance Share Award, including but not limited to:

 

(a)
The number of Shares to which the Performance Share Award relates;

 

(b)
The terms and conditions of each Award, including, without limitation, the selection of the performance goals that must be achieved
for the Participant to realize all or a portion of the benefit provided under the Award; and

 

(c)
Whether all or a portion of the Shares subject to the Award will be issued to the Participant, without regard to whether the performance
goals have been attained, in the event of the Participant’s death, disability, retirement or other circumstance.

 

10.
RESTRICTED STOCK AND RESTRICTED STOCK UNIT AWARDS. Subject to the terms of this Plan, the Committee will determine
all terms and conditions of each award of Restricted Stock or Restricted Stock Units, including but not limited to:

 

(a)
The number of Shares or Restricted Stock Units to which such Award relates;

 

(b)
The period of time over which, and/or the criteria or conditions that must be satisfied so that, the risk of forfeiture and/or
restrictions on transfer imposed on the Restricted Stock or Restricted Stock Units will lapse;

 

(c)
Whether all or a portion of the Restricted Shares or Restricted Stock Units will be released from a right of repurchase and/or
be paid to the Participant in the event of the Participant’s death, disability, retirement or other circumstance;

 

    	 

    	 

    

  

(d)
With respect to awards of Restricted Stock, the manner of registration of certificates for such Shares, and whether to hold such
Shares in escrow pending lapse of the risk of forfeiture, right of repurchase and/or restrictions on transfer or to issue such
Shares with an appropriate legend referring to such restrictions;

 

(e)
With respect to awards of Restricted Stock, whether dividends paid with respect to such Shares will be immediately paid or held
in escrow or otherwise deferred and whether such dividends shall be subject to the same terms and conditions as the Award to which
they relate; and

 

(f)
With respect to awards of Restricted Stock Units, whether to credit dividend equivalent units equal to the amount of dividends
paid on a Share and whether such dividend equivalent units shall be subject to the same terms and conditions as the Award to which
they relate.

 

11.
TRANSFERABILITY. Except as set forth in Section 15 hereof, each award granted under this plan is not transferable other
than by will or the laws of descent and distribution, or to a revocable trust, or as permitted by Rule 701 of the Securities Act.

 

12.
TERMINATION AND AMENDMENT.

 

(a)
Term. Subject to the right of the Board or Committee to terminate the Plan earlier pursuant to Section 12(b), the Plan
shall terminate on, and no Awards may be granted after the tenth (10th) anniversary of the Plan’s effective date.

 

(b)
Termination and Amendment. The Board or Committee may amend, alter, suspend, discontinue or terminate this Plan at any
time, provided that:

 

(i)
the Board must approve any amendment of this Plan to the extent the Company determines such approval is required by: (a) action
of the Board, (b) applicable corporate law, or (c) any other applicable law or rule of a self-regulatory organization;

 

(ii)
stockholders must approve any of the following Plan amendments: (a) an amendment to materially increase any number of Shares specified
in Section 6(a) (except as permitted by Section 14(a)) or expand the class of individuals eligible to receive an Award to the
extent required by the Code, the Company’s bylaws or any other applicable law, (b) any other amendment if required by applicable
law or the rules of any self-regulatory organization, or (c) an amendment that would diminish the protections afforded by Section
12(e); provided, that such stockholder approval may be obtained within 12 months of the approval of such amendment by the Board
or Committee.

 

    	 

    	 

    

 

(c)
Amendment, Modification or Cancellation of Awards. Except as provided in subsection (e) and subject to the restrictions
of this Plan, the Committee may modify or amend an Award or waive any restrictions or conditions applicable to an Award (including
relating to the exercise, vesting or payment thereof), and the Committee may modify the terms and conditions applicable to any
Award (including the terms of the Plan), and the Committee may cancel any Award, provided that the Participant (or any other person
as may then have an interest in such Award as a result of the Participant’s death or the transfer of an Award) must consent
in writing if any such action would adversely affect the rights of the Participant (or other interested party) under such Award.
Notwithstanding the foregoing, the Committee need not obtain Participant (or other interested party) consent for the amendment,
modification or cancellation of an Award pursuant to the provisions of Section 14(a), or the amendment or modification of an Award
to the extent deemed necessary to comply with any applicable law, the listing requirements of any principal securities exchange
or market on which the Shares are then traded, or to preserve favorable accounting treatment of any Award for the Company.

 

(d)
Survival of Committee Authority and Awards. Notwithstanding the foregoing, the authority of the Committee to administer
this Plan and modify or amend an Award, and the authority of the Board or Committee to amend this Plan, shall extend beyond the
date of this Plan’s termination. In addition, termination of this Plan will not affect the rights of Participants with respect
to Awards previously granted to them, and all unexpired Awards will continue in full force and effect after termination of this
Plan except as they may lapse or be terminated by their own terms and conditions.

 

(e)
Repricing Prohibited. Notwithstanding anything in this Plan to the contrary, neither the Committee nor any other person
may decrease the exercise price of any Option or the grant price of any SAR nor take any action that would result in a deemed
decrease of the exercise price or grant price of an Option or SAR under Code Section 409A, after the date of grant, except in
accordance with Section 1.409A-1(b)(5)(v)(D) of the Treasury Regulations (26 C.F.R.), or in connection with a transaction which
is considered the grant of a new Option or SAR for purposes of Section 409A of the Code, provided that the new exercise price
or grant price is not less than the Fair Market Value of a Share on the new grant date.

 

(f)
Foreign Participation. To assure the viability of Awards granted to Participants employed or residing in foreign countries,
the Committee may provide for such special terms as it may consider necessary or appropriate to accommodate differences in local
law, tax policy or custom. Moreover, the Committee may approve such supplements to, or amendments, restatements or alternative
versions of this Plan as it determines is necessary or appropriate for such purposes. Any such amendment, restatement or alternative
versions that the Committee approves for purposes of using this Plan in a foreign country will not affect the terms of this Plan
for any other country.

 

    	 

    	 

    

 

13.
TAXES.

 

(a)
Withholding. In the event the Company or any Affiliate is required to withhold any foreign, Federal, state or local taxes
or other amounts in respect of any income recognized by a Participant as a result of the grant, vesting, payment or settlement
of an Award or disposition of any Shares acquired under an Award, the Company may deduct (or require an Affiliate to deduct) from
any payments of any kind otherwise due the Participant cash, or with the consent of the Committee, Shares otherwise deliverable
or vesting under an Award, to satisfy such tax obligations. Alternatively, the Company may require such Participant to pay to
the Company, in cash, promptly on demand, or make other arrangements satisfactory to the Company regarding the payment to the
Company of the aggregate amount of any such taxes and other amounts required to be withheld. If Shares are deliverable upon exercise
or payment of an Award, the Committee may permit a Participant to satisfy all or a portion of the foreign, Federal, state and
local withholding tax obligations arising in connection with such Award by electing to (a) have the Company withhold Shares otherwise
issuable under the Award, (b) tender back Shares received in connection with such Award, or (c) deliver other previously owned
Shares; provided that the amount to be withheld may not exceed the total minimum foreign, federal, state and local tax withholding
obligations associated with the transaction to the extent needed for the Company to avoid an accounting charge. If an election
is provided, the election must be made on or before the date as of which the amount of tax to be withheld is determined and otherwise
as the Company requires. In any case, the Company may defer making payment or delivery under any Award if any such tax may be
pending unless and until indemnified to its satisfaction.

 

(b)
No Guarantee of Tax Treatment. Notwithstanding any provisions of the Plan, the Company does not guarantee to any Participant
or any other person with an interest in an Award that any Award intended to be exempt from Code Section 409A shall be so exempt,
nor that any Award intended to comply with Code Section 409A shall so comply, nor that any Award designated as an incentive stock
option within the meaning of Code Section 422 qualifies as such, and neither the Company nor any Affiliate shall indemnify, defend
or hold harmless any individual with respect to the tax consequences of any such failure.

 

14.
ADJUSTMENT PROVISIONS; CHANGE OF CONTROL.

 

(a)
Adjustment of Shares. If (i) the Company shall at any time be involved in a merger or other transaction in which the Shares
are changed or exchanged; (ii) the Company shall subdivide or combine the Shares or the Company shall declare a dividend payable
in Shares, other securities or other property; (iii) the Company shall effect a cash dividend the amount of which, on a per Share
basis, exceeds ten percent (10%) of the Fair Market Value of a Share at the time the dividend is declared, or the Company shall
effect any other dividend or other distribution on the Shares in the form of cash, or a repurchase of Shares, that the Committee
determines by resolution is special or extraordinary in nature or that is in connection with a transaction that is a recapitalization
or reorganization involving the Shares; or (iv) any other event shall occur, which, in the case of this subsection (iv), in the
judgment of the Committee necessitates an adjustment to prevent dilution or enlargement of the benefits or potential benefits
intended to be made available under this Plan, then, in each case, the Committee shall, in such manner as it may deem equitable,
adjust any or all of: (w) the number and type of Shares subject to this Plan (including the number and type of Shares that may
be issued pursuant to incentive stock options), (x) the number and type of Shares subject to outstanding Awards, (y) the grant,
purchase, or exercise price with respect to any Award, and (z) the performance goals established under any Award.

 

    	 

    	 

    

 

(i)
In any such case, the Committee may also make provision for a cash payment, in an amount determined by the Committee, to the holder
of an outstanding Award in exchange for the cancellation of all or a portion of the Award (without the consent of the holder of
an Award), effective at such time as the Committee specifies (which may be the time such transaction or event is effective); provided
that any such adjustment to an Award that is exempt from Code Section 409A shall be made in a manner that permits the Award to
continue to be so exempt, and any adjustment to an Award that is subject to Code Section 409A shall be made in a manner that complies
with the provisions thereof. However, with respect to Awards of incentive stock options, no such adjustment may be authorized
to the extent that such authority would cause this Plan to violate Code Section 422(b). Further, the number of Shares subject
to any Award payable or denominated in Shares must always be a whole number.

 

(ii)
Without limitation, in the event of any reorganization, merger, consolidation, combination or other similar corporate transaction
or event, whether or not constituting a Change of Control, other than any such transaction in which the Company is the continuing
corporation and in which the outstanding Common Stock is not being converted into or exchanged for different securities, cash
or other property, or any combination thereof, the Committee may provide that awards, without limitation, will be assumed by the
surviving corporation or its parent, will have the vesting accelerated or will be cancelled with or without consideration, in
all cases without the consent of the Participant.

 

(iii)
Notwithstanding the foregoing, in the case of a stock dividend (other than a stock dividend declared in lieu of an ordinary cash
dividend) or subdivision or combination of the Shares (including a reverse stock split), adjustments contemplated by this subsection
that are proportionate shall nevertheless automatically be made as of the date of such stock dividend or subdivision or combination
of the Shares.

 

(b)
Issuance or Assumption. Notwithstanding any other provision of this Plan, and without affecting the number of Shares otherwise
reserved or available under this Plan, in connection with any merger, consolidation, acquisition of property or stock, or reorganization,
the Committee may authorize the cancellation, with or without consideration, issuance, assumption or acceleration of vesting of
awards upon such terms and conditions as it may deem appropriate, in all cases without the consent of the Participant.

 

(c)
Change of Control. Upon a Change of Control, the Committee may, in its discretion, determine that any or all outstanding
Awards held by Participants who are then in the employ or service of the Company or any Affiliate shall vest or be deemed to have
been earned in full, and:

 

(i)
If the successor or surviving corporation (or parent thereof) so agrees, all outstanding Awards shall be assumed, or replaced
with the same type of award with similar terms and conditions, by the successor or surviving corporation (or parent thereof) in
the Change of Control. If applicable, each Award which is assumed by the successor or surviving corporation (or parent thereof)
shall be appropriately adjusted, immediately after such Change of Control, to apply to the number and class of securities which
would have been issuable to the Participant upon the consummation of such Change of Control had the Award been exercised or vested
immediately prior to such Change of Control, and such other appropriate adjustments in the terms and conditions of the Award shall
be made.

 

    	 

    	 

    

  

(ii)
If the provisions of paragraph (i) do not apply, then all outstanding Awards shall be cancelled as of the date of the Change of
Control and, at the option of the Committee, may be exchanged for a payment in cash and/or Shares (which may include shares or
other securities of any surviving or successor entity or the purchasing entity or any parent thereof) equal to:

 

(1)
In the case of an Option or SAR, the excess of the Fair Market Value of the Shares on the date of the Change of Control covered
by the vested portion of the Option or SAR that has not been exercised over the exercise or grant price of such Shares under the
Award;

 

(2)
In the case of Restricted Stock Units, the Fair Market Value of a Share on the date of the Change of Control multiplied by the
number of vested units, unless otherwise provided in the Award agreement and subject to the repurchase right set forth in Section
15 hereof; and

 

(3)
In the case of a Performance Share Award, the Fair Market Value of a Share on the date of the Change of Control multiplied by
the number of earned Shares.

 

(d)
Parachute Payment Limitation.

 

(i)
Except as may be set forth in a written agreement by and between the Company and the holder of an Award, in the event that the
Company’s auditors determine that any payment or transfer by the Company under the Plan to or for the benefit of a Participant
(a “Payment”) would be nondeductible by the Company for federal income tax purposes because of the provisions concerning
“excess parachute payments” in Code Section 280G, then the aggregate present value of all Payments shall be reduced
(but not below zero) to the Reduced Amount (defined herein). For purposes of this Section 14(d), the “Reduced Amount”
shall be the amount, expressed as a present value, which maximizes the aggregate present value of the Payments without causing
any Payment to be nondeductible by the Company because of Code Section 280G.

 

(ii)
If the Company’s auditors determine that any Payment would be nondeductible by the Company because of Code Section 280G,
then the Company shall promptly give the Participant notice to that effect and a copy of the detailed calculation thereof and
of the Reduced Amount, and the Participant may then elect, in his or her sole discretion, which and how much of the Payments shall
be eliminated or reduced (as long as after such election the aggregate present value of the Payments equals the Reduced Amount)
and shall advise the Company in writing of his or her election within ten (10) days of receipt of notice. If no such election
is made by the Participant within such ten (10) day period, then the Company may elect which and how much of the Payments shall
be eliminated or reduced (as long as after such election the aggregate present value of the Payments equals the Reduced Amount)
and shall notify the Participant promptly of such election. For purposes of this Section 14(d), present value shall be determined
in accordance with Code Section 280G(d)(4). All determinations made by the Company’s auditors under this Section 14(d) shall
be binding upon the Company and the Participant and shall be made within sixty (60) days of the date when a Payment becomes payable
or transferable. As promptly as practicable following such determination and the elections hereunder, the Company shall pay or
transfer to or for the benefit of the Participant such amounts as are then due to him or her under the Plan and shall promptly
pay or transfer to or for the benefit of the Participant in the future such amounts as become due to him or her under the Plan.

 

    	 

    	 

    

  

(iii)
Except to the extent such payment was made in connection with a Change of Control, as a result of uncertainty in the application
of Code Section 280G at the time of an initial determination by the Company’s auditors hereunder, it is possible that Payments
will have been made by the Company that should not have been made (an “Overpayment”) or that additional Payments that
will not have been made by the Company could have been made (an “Underpayment”), consistent in each case with the
calculation of the Reduced Amount hereunder. In the event that the Company’s auditors, based upon the assertion of a deficiency
by the Internal Revenue Service against the Company or the Participant that the auditors believe has a high probability of success,
determine that an Overpayment has been made, such Overpayment shall be treated for all purposes as a loan to the Participant which
he or she shall repay to the Company, together with interest at the applicable federal rate provided in Code Section 7872(f)(2);
provided, however, that no amount shall be payable by the Participant to the Company if and to the extent that such payment would
not reduce the amount subject to taxation under Code Section 4999. In the event that the auditors determine that an Underpayment
has occurred, such Underpayment shall promptly be paid or transferred by the Company to or for the benefit of the Participant,
together with interest at the applicable federal rate provided in Code Section 7872(f)(2).

 

(iv)
For purposes of this Section 14(d), the term “Company” shall include affiliated corporations to the extent determined
by the auditors in accordance with Code Section 280G(d)(5).

 

15.
STOCK TRANSFER RESTRICTIONS.

 

(a)
Restriction on Transfer of Options. No Option shall be transferable by the Participant otherwise than by will or by the
laws of descent and distribution and all Options shall be exercisable, during the Participant’s lifetime, only by the Participant,
or by the Participant’s legal representative or guardian in the event of the Participant’s incapacity. The Participant
may elect to designate a beneficiary by providing written notice of the name of such beneficiary to the Company, and may revoke
or change such designation at any time by filing written notice of revocation or change with the Company, and any such beneficiary
may exercise the Participant’s Option in the event of the Participant’s death to the extent provided herein. If the
Participant does not designate a beneficiary, or if the designated beneficiary predeceases the Participant, the legal representative
of the Participant may exercise the Option in the event of the Participant’s death to the extent provided herein. Notwithstanding
the foregoing, the Committee, in its sole discretion, may provide in the Award agreement regarding a given Option that the Participant
may transfer, without consideration for the transfer, his or her Options to members of his or her immediate family, to trusts
for the benefit of such family members, or to partnerships in which such family members are the only partners, provided that the
transferee agrees in writing with the Company to be bound by all of the terms and conditions of this Plan and the applicable Option.

 

    	 

    	 

    

  

(b)
Issued Shares. No Issued Shares shall be sold, assigned, transferred, pledged, hypothecated, given away or in any other
manner disposed of or encumbered, whether voluntarily or by operation of law, unless such transfer is in compliance with the terms
of the applicable Award, all applicable securities laws (including, without limitation, the Securities Act and the Exchange Act),
and with the terms and conditions of this Section 15. In connection with any proposed transfer, the Committee may require the
transferor to provide at the transferor’s own expense an opinion of counsel to the transferor and the Company, satisfactory
to the Committee, that such transfer is in compliance with all foreign, federal and state securities laws (including, without
limitation, the Securities Act). Any attempted disposition of Issued Shares not in accordance with the terms and conditions of
this Section 15 shall be null and void, and the Company shall not reflect on its records any change in record ownership of any
Issued Shares as a result of any such disposition, shall otherwise refuse to recognize any such disposition and shall not in any
way give effect to any such disposition of Issued Shares.

 

(c)
Legends. The Company may cause a legend or legends to be put on any certificates for shares to make appropriate references
to any applicable legal restrictions on transfer.

 

(d)
Adjustments for Changes in Capital Structure. If, as a result of any reorganization, recapitalization, reclassification,
stock dividend, stock split, reverse stock split or other similar change in the outstanding Shares of the Company, the outstanding
Shares are increased or decreased or are exchanged for a different number or kind of shares of the Company’s stock, the
restrictions contained in this Section 15 shall apply with equal force to additional and/or substitute securities, if any, received
by Participant in exchange for, or by virtue of his or her ownership of, Issued Shares.

 

16.
MISCELLANEOUS.

 

(a)
Other Terms and Conditions. The grant of any Award under this Plan may also be subject to other provisions (whether or
not applicable to the Award awarded to any other Participant) as the Committee determines appropriate, subject to any limitations
imposed in the Plan.

 

    	 

    	 

    

  

(b)
Code Section 409A. The provisions of Code Section 409A are incorporated herein by reference to the extent necessary for
any Award that is subject to Code Section 409A to comply therewith.

 

(c)
Employment or Service. The issuance of an Award shall not confer upon a Participant any right with respect to continued
employment or service with the Company or any Affiliate, or the right to continue as a consultant or director. Unless determined
otherwise by the Committee, for purposes of the Plan and all Awards, the following rules shall apply:

 

(i)
a Participant who transfers employment between the Company and any Affiliate, or between Affiliates, will not be considered to
have terminated employment;

 

(ii)
a Participant who ceases to be a consultant, advisor or non-employee director because he or she becomes an employee of the Company
or an Affiliate shall not be considered to have ceased service with respect to any Award until such Participant’s termination
of employment with the Company and its Affiliates;

 

(iii)
a Participant who ceases to be employed by the Company or an Affiliate of the Company and immediately thereafter becomes a non-employee
director of the Company or any Affiliate, or a consultant to the Company or any Affiliate, shall not be considered to have terminated
employment until such Participant’s service as a director of, or consultant to, the Company and its Affiliates has ceased;
and

 

(iv)
a Participant employed by an Affiliate will be considered to have terminated employment when such entity ceases to be an Affiliate
of the Company.

 

Notwithstanding
the foregoing, with respect to an Award subject to Code Section 409A, a Participant shall be considered to have terminated employment
(where termination of employment triggers payment of the Award) upon the date of his separation from service within the meaning
of Code Section 409A.

 

(d)
No Fractional Shares. No fractional Shares or other securities may be issued or delivered pursuant to this Plan, and the
Committee may determine whether cash, other securities or other property will be paid or transferred in lieu of any fractional
Shares or other securities, or whether such fractional Shares or other securities or any rights to fractional Shares or other
securities will be canceled, terminated or otherwise eliminated.

 

(e)
Unfunded Plan. This Plan is unfunded and does not create, and should not be construed to create, a trust or separate fund
with respect to this Plan’s benefits. This Plan does not establish any fiduciary relationship between the Company and any
Participant. To the extent any person holds any rights by virtue of an Award granted under this Plan, such rights are no greater
than the rights of the Company’s general unsecured creditors.

 

    	 

    	 

    

  

(f)
Requirements of Law. The granting of Awards under this Plan and the issuance of Shares in connection with an Award are
subject to all applicable laws, rules and regulations and to such approvals by any governmental agencies or national securities
exchanges as may be required. Notwithstanding any other provision of this Plan or any award agreement, the Company has no liability
to deliver any Shares under this Plan or make any payment unless such delivery or payment would comply with all applicable laws
and the applicable requirements of any securities exchange or similar entity. In such event, the Company may substitute cash for
any Share(s) otherwise deliverable hereunder without the consent of the Participant or any other person.

 

(g)
Governing Law. This Plan, and all agreements under this Plan, shall be construed in accordance with and governed by the
laws of the State of Delaware, without reference to any conflict of law principles. Any legal action or proceeding with respect
to this Plan, any Award or any award agreement, or for recognition and enforcement of any judgment in respect of this Plan, any
Award or any award agreement, may only be brought and determined in a court sitting in the State of California, County of Los
Angeles.

 

(h)
Limitations on Actions. Any legal action or proceeding with respect to this Plan, any Award or any Award agreement, must
be brought within one year (365 days) after the day the complaining party first knew or should have known of the events giving
rise to the complaint.

 

(i)
Construction. Whenever any words are used herein in the masculine, they shall be construed as though they were used in
the feminine in all cases where they would so apply; and wherever any words are used in the singular or plural, they shall be
construed as though they were used in the plural or singular, as the case may be, in all cases where they would so apply. Titles
of sections are for general information only, and the Plan is not to be construed with reference to such titles.

 

(j)
Severability. If any provision of this Plan or any award agreement or any Award (i) is or becomes or is deemed to be invalid,
illegal or unenforceable in any jurisdiction, or as to any person or Award, or (ii) would disqualify this Plan, any award agreement
or any Award, then such provision should be construed or deemed amended to conform to applicable laws, or if it cannot be so construed
or deemed amended without, in the determination of the Committee, materially altering the intent of this Plan, award agreement
or Award, then such provision should be stricken as to such jurisdiction, person or Award, and the remainder of this Plan, such
award agreement and such Award will remain in full force and effect.

 

[End
of Document]

 

    	 

    	 

    

 

C
E R T I F I C A T I O N

 

On
behalf of the Company, the undersigned hereby certifies that this Barfresh Food Group Inc. 2015 Equity Incentive Plan has been
approved by the Board of Directors of the Company on April 27, 2015 and by the stockholders of the Company on May 8, 2015.

 

	 	BARFRESH
    FOOD GROUP INC.
	 	 	 
	 	By:	/s/
    Riccardo Delle Coste
	 	Name:	Riccardo Delle
    Coste
	 	Title:	Chief Executive
    Officer/DirectorEMPLOYMENT
AGREEMENT

 

This
Employment Agreement (“Agreement”) is made as of April 27, 2015, by and between Barfresh Food Group Inc., a Delaware
corporation (the “Company”) and Riccardo Delle Coste, an individual (the “Executive”).

 

RECITALS

 

WHEREAS,
Company desires to employ Executive on the terms set forth in this Agreement; and

 

WHEREAS,
Executive desires to be employed by the Company on the terms set forth in this Agreement.

 

NOW,
THEREFORE, for good and valuable consideration of the mutual benefits and obligations set forth in this agreement,
the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

 

AGREEMENT

 

1.
TERM OF EMPLOYMENT/AT-WILL EMPLOYMENT. Executive’s employment under this Agreement shall commence on April 27, 2015
(the “Effective Date”) and continue until terminated as provided hereunder (the “Term”). Executive and
the Company agree that Executives employment with the Company constitutes at-will employment.

 

2.
NATURE OF DUTIES. During the Term, Executive shall serve as Chief Executive Officer of the Company and as Chief Executive
Officer of its subsidiaries, Barfresh Inc. and Smoothie Inc. (together with the Company, the “Group”). In addition,
during the Term, Executive shall be nominated to serve as a member of the Board of Directors of the Company, and Executive shall
serve and continue to serve, if and when elected and re-elected, as a member of the Board. Executive shall report to the Board,
and shall have all the customary powers and duties associated with his positions. Executive shall be subject to the Company’s
policies, procedures and approval practices, as generally in effect from time to time for all senior executives of the Company.
Executive shall perform his duties and responsibilities from any location Executive deems necessary.

 

Except
for sick leave, reasonable vacations and excused leaves of absence, Executive shall devote substantially all of his business time
and effort to the performance of his duties for the Group, which he shall perform faithfully and to the best of his ability. However,
nothing in this Agreement shall preclude Executive from participating in the affairs of any governmental, educational or other
charitable institution and serving as a member of the board of directors of a corporation, except for a competitor of the Group,
provided Executive notifies the Board prior to his participating in any such activities and as long as the Board does not determine,
in the exercise of its reasonable judgment, that any such activities interfere with or diminish Executive’s obligations
under the Agreement. Unless otherwise in conflict with Company policy, Executive shall be entitled to retain all fees and other
compensation derived from such activities, in addition to the compensation and benefits payable to him under this Agreement.

 

3.
COMPENSATION AND RELATED MATTERS.

 

(a)
Base Salary. During the Term, Executive shall receive an annual base salary (“Base Salary”) at the rate of
$350,000, subject to a minimum 5% annual increase. The term “Base Salary” as used in this Agreement shall mean, at
any point in time, Executive’s annual base salary at such time. The Base Salary shall be payable in substantially equal
semi-monthly installments and shall in no way limit or reduce the obligations of the Company hereunder.

 

    	1

    	 

    

 

(b)
Performance Bonuses. In addition to the Base Salary, Executive shall receive annual performance bonuses (collectively,
the “Performance Bonuses”) as follows:

 

(i)
a bonus equal to 50% of Executive’s Base Salary for that calendar year, based on targets determined by the Board after consultation
with Executive no later than ninety (90) days after the start of the applicable fiscal year, which amount will be paid no later
than March 15 of the following year; and

 

(ii)
a bonus equal to 25% of Executive’s Base Salary for that calendar year, based on targets determined by the Board after consultation
with Executive no later than ninety (90) days after the start of the applicable fiscal year, which amount will be paid in three
(3) equal annual installments, with the first installment due no later than March 15 of the following year and subsequent payments
being made on March 31 of the following applicable year.

 

For
purposes of this Section 3(b), if Executive and the Board fail to agree on performance targets within ninety (90) days after the
start of an applicable fiscal year, the target proposal last submitted by Executive prior to the end of such ninety (90) day period
shall become effective for that fiscal year.

 

(c)
Performance Options. In addition to Base Salary and Performance Bonuses, Executive is eligible to receive incentive compensation
in the form of “Performance Options” in accordance with the Company’s 2015 Equity Incentive Plan (“Plan”)
and subject to the approval of the Board and applicable securities laws, as set forth below:

 

(i)
On the Effective Date and each anniversary of the effective date, Executive shall receive a grant of 250,000 Performance Options
(based on targets determined by the Board after consultation with Executive) at an exercise price equal to the closing bid price
on the date of the grant, which will vest in equal increments on each of the first, second and third anniversaries of the date
of grant; and

 

(ii)
On each anniversary of the Effective Date, Executive shall receive an additional grant of 250,000 additional Performance Options
(based on targets determined by the Board after consultation with Executive no later than ninety (90) days after the start of
the fiscal year in which such grant occurs) at an exercise price equal to the closing bid price on the date of the grant, which
will vest in equal increments on each of the first, second and third anniversaries of the date of grant. Notwithstanding the preceding
sentence, if the performance targets for an applicable fiscal year have not been determined prior to an anniversary of the Effective
Date, Executive will receive a grant of 250,000 options in lieu of the Performance Options for such year.

 

Performance
Options shall have a term of 8 years from the date of grant. For clarity and notwithstanding anything else provided in this Agreement,
vesting of Performance Options that have been granted shall not accelerate other than upon a Change in Control (as defined below),
and upon a “Discharge Other Than for Cause or Resignation for Good Reason” as provided for in Section 4(c) below.
For all purposes in this Agreement, “Change in Control” shall have the meaning set forth Plan, except that for purposes
of this Agreement, a Change in Control shall be defined by replacing the term “Company” in each place in which it
occurs in Sections 3(e)(i) and (ii) of the Plan with the phrase “Company or Smoothie Inc.”

 

(d)
Expenses. Executive shall be entitled to receive prompt reimbursement for all reasonable expenses incurred by him during
the Term (in accordance with the policies and procedures then in effect and established by the Company for its senior executive
officers and subject to Section 8(d) below) in performing services hereunder, provided that Executive properly accounts therefore
in accordance with Company policy.

 

    	2

    	 

    

 

(e)
Other Benefits. Executive shall be entitled to participate in or receive benefits generally made available to the employees
of the Company (401(k), etc.) or as explicitly provided hereunder. Any other benefits must be agreed to in writing by the Board.

 

(f)
Vacations. Commencing 90 days after the Effective Date, Executive shall be entitled to 20 days paid vacation in each calendar
year, pro-rated for any partial year. As of the date of this Agreement, Executive has accrued vacation days that shall not be
affected by this Agreement. Executive may only accrue up to an additional 20 days of paid vacation during the term of this Agreement.

 

(g)
Car Allowance. Executive shall receive an annual car allowance of $9,600 (with payments to Executive being made monthly).

 

(h)
Indemnification. During and following the Term, the Company shall fully indemnify Executive for any liability to the fullest
extent permitted by applicable law. In addition, the Company agrees to continue and maintain, at the Company’s sole expense,
a directors’ and officers’ liability insurance policy covering Executive both during and, while potential liability
exists, after the Term that is no less favorable than the policy covering active directors and senior officers of the Company
from time to time.

 

4.
TERMINATION. 

 

(a)
Discharge for Cause. The Company may terminate Executive’s employment at any time if it believes in good faith that
it has Cause to terminate his employment. As used herein, “Cause” means (i) Executive’s conviction in any court
of competent jurisdiction of an act of fraud or dishonesty, the purpose or effect of which materially and adversely affects the
Group, (ii) Executive’s failure or refusal to attempt in good faith to perform his job duties under this Agreement (other
than by reason of physical or mental illness, injury, or condition); provided however, in each instance Executive must be provided
notice from the Board of his failure to do so and an opportunity to cure such breach within 10 business days or such longer time
as prescribed in the written notice or reasonably required to cure any such breach, and/or (iii) Executive becoming barred or
prohibited by any governmental or regulatory agency from holding his position with the Company or fulfilling his duties hereunder
or subjecting the Company to “bad actor disqualification” under Rule 506(d) of the Securities Act of 1933.

 

Upon
Executive’s discharge for Cause, the Company shall pay to Executive any unpaid and earned Base Salary, any then vested and
unpaid Performance Bonuses, expense reimbursements and vacation days accrued prior to termination of employment and all of Executive’s
unvested Performance Options shall terminate; provided, however, that in exchange for Executive’s execution of a release
in accordance with Section 4(g), Executive shall have a period of 90 days from the date of termination to exercise any vested
Performance Options and any other vested options, pursuant to the terms of the Plan.

 

(b)
Termination for Disability. Except as prohibited by applicable law and, if required by applicable law, subject to the Company
providing Executive with reasonable accommodations, the Company may terminate Executive’s employment on account of Disability.
“Disability” means a physical or mental illness, injury, or condition that prevents Executive from performing substantially
all of his duties under this Agreement for at least 90 consecutive calendar days or for at least 180 calendar days, whether or
not consecutive, in any 365 calendar day period. If Company terminates Executive due to a Disability, Company shall pay Executive
any unpaid earned Base Salary, any then vested and unpaid Performance Bonuses, expense reimbursements and vacation days accrued
prior to termination of employment and all of Executive’s unvested Performance Options shall terminate; provided, however,
that in exchange for Executive’s execution of a release in accordance with Section 4(g), Executive’s Base Salary shall
be continued for 3 months after the date of termination and all of Executive’s vested Performance Options and any other
vested options shall be exercisable for a period of 90 days from the date of termination.

 

    	3

    	 

    

 

(c)
Discharge Other Than for Cause or Resignation for Good Reason. The Company may terminate Executive’s employment at
any time for any reason, and without advance notice. Additionally, Executive may resign from employment for “Good Reason”
(as described below). If the Company discharges Executive other than for Cause or Executive resigns for Good Reason, the Company
shall pay to Executive any unpaid earned Base Salary, and unpaid and vested Performance Bonuses, expense reimbursements and vacation
days accrued prior to termination of employment, and all Executive shall retain ownership of all then vested Performance Options;
provided, however, that in exchange for Executive’s execution of a release in accordance with Section 4(g), Executive
shall be entitled to the following special benefits: (A) a lump sum payment equal to 36 months of Executive’s Base Salary;
(B) a lump sum payment equal to the Performance Bonus Executive would have received in the year of his termination of employment
(determined based on actual performance through the date of termination and paid at the time the Performance Bonus would have
been paid under Section 3(b)); (C) a lump sum payment equal to the aggregate value of all then unvested tranches of any Performance
Bonus, determined after fully accelerating all then unvested tranches, (D) Executive’s then outstanding unvested Performance
Options shall continue to vest (based on actual performance as of each vesting date)(except that all such options shall fully
vest if such termination is in connection with a Change in Control) and all his vested Performance Options and other vested options
shall become exercisable for a period of one year from the date of termination; (E) if such termination occurs prior to the grant
of the Performance Options that would have otherwise been granted in the year of such termination (the “Make-whole Performance
Options”), Executive shall receive a lump sum payment equal to the grant date value of the Make-whole Performance Options,
and (F) subject to Executive timely electing COBRA, the Company shall continue to contribute towards health insurance premiums
under the Company’s group health plan on behalf of Executive and his covered dependents as of immediately prior to the date
of Executive’s termination of employment in the same dollar amount as it contributed immediately prior to the date of Executive’s
termination of employment (or, if such contributions are prohibited or penalized under then-applicable law, reimburse to Executive,
upon submission of proof of payment by Executive, an equivalent dollar amount) until the earlier of 18 months after the date of
Executive’s termination of employment or such time as Executive becomes eligible for substantially similar benefits from
another employer. Notwithstanding anything in this Agreement to the contrary, in the event Executive is terminated without Cause
or Executive resigns for Good Reason during the one-year period immediately following a Change in Control, the payments made pursuant
to Section 4(c)(B) and Section 4(c)(D) above shall be determined based on target performance instead of actual performance.

 

For
purposes of this Section 4(c), “Good Reason” shall mean any of the following: (i) a material diminution of Executive’s
Base Salary, (ii) a material diminution in Executive’s authority, duties or responsibilities, and (iii) any material breach
of this Agreement by the Company. Additionally, any resignation by Executive during the one-year period immediately following
a Change in Control shall be deemed to be a resignation for Good Reason. Notwithstanding anything in this Agreement to the contrary,
Executive cannot resign from employment with the Company on the basis of Good Reason unless Executive has provided written notice
to the Company of the circumstances providing grounds for resignation for Good Reason within 90 days of the initial existence
of such grounds (except where Good Reason is based on a Change in Control, in which case Executive may provide notice at any time
during the one-year period immediately following such Change in Control) and the Company has had at least 30 days from the date
on which such notice is provided to cure such circumstances. Failure by Executive to provide written notice of Good Reason as
described above shall not constitute a waiver or preclude Executive from notifying the Company of any future event giving rise
to Good Reason, including an event of a similar nature.

 

    	4

    	 

    

 

(d)
Resignation without Good Reason. Except as provided in Section 4(c) above, Executive promises not to resign his employment
without giving the Company at least 60 days’ advance written notice. If Executive resigns without Good Reason, the Company
may accept his resignation effective on the date set forth in his notice or the date of the Company’s receipt of his notice.
Upon Executive’s resignation without Good Reason, the Company shall pay Executive any unpaid earned Base Salary, and earned
and unpaid vested Performance Bonuses, expense reimbursements and vacation days accrued prior to termination of employment and
Executive’s unvested Performance Options shall terminate; provided, however, that in exchange for 60 days’
advance written notice of Executive’s resignation and Executive’s execution of a release in accordance with Section
4(g), Executive shall have a period of 90 days from the date of termination to exercise any vested Performance Options and other
vested options, pursuant to the terms of the Plan.

 

(e)
Death. If Executive dies, the Company shall pay to Executive’s estate any accrued unpaid Base Salary, Performance
Bonuses, expense reimbursements and vacation days accrued prior to termination of employment, and, in exchange for execution of
a release by Executive’s estate in accordance with Section 4(g), Executive’s vested Performance Options shall be exercisable
by the estate for a period of twelve (12) months from the date of termination.

 

(f)
Disputes Under This Section. All disputes relating to this Agreement, including disputes relating to this Section 4, shall
be resolved by final and binding arbitration under Section 7. In the event of any dispute under this Section (4) or any other
provision of this Agreement, the Company shall continue to make all payments, and provide all benefits, to Executive until the
dispute is finally resolved in accordance with Section 7 or, if applicable, by judicial determination; provided that if
the Executive is subject to a final adverse determination, the Company may seek to recover any amounts paid to the Executive during
the period in which the Executive’s conduct has been determined to be in violation of this Agreement. In the event that
the Company initiates any proceeding to terminate the Executive for “cause” hereunder, the Executive shall be provided
with written notice of the grounds underlying the allegation of “cause” and a reasonable opportunity to appear with
counsel before the Board to contest such allegations.

 

(g)
Execution of Release. Executive will only receive the special benefits that are conditioned upon his execution of a general
release if Executive signs the release (which shall be in the form attached as Annex A) and he does not subsequently properly
revoke the release. Any payment conditioned upon Executive’s execution of a general release shall be paid on the date that
is 60 days following Executive’s termination of employment, provided Executive timely executed the general release and does
not subsequently revoke it.

 

(h)
Termination of Options. Notwithstanding anything contained herein to the contrary, no Performance Option is exercisable
after expiration of its 8-year term.

 

5.
CONFIDENTIALITY. During the term of Executive’s employment, in exchange for his promises to use such information solely
for the Company’s benefit, the Company will provide Executive with Confidential Information concerning, among other things,
its business, operations, customers, vendors, owners, investors, and business partners. “Confidential Information”
refers to information not generally known by others in the form in which it is used by the Company, and which gives the Company
a competitive advantage over other companies which do not have access to this information, including secret, confidential, or
proprietary information or trade secrets of the Company and its subsidiaries and affiliates, conveyed orally or reduced to a tangible
form in any medium, including information concerning the operations, future plans, customers, business models, strategies, and
business methods of the Company and its subsidiaries and affiliates, as well as information about the Company’s customers,
clients and business partners and their respective operations and confidential information. “Confidential Information”
does not include: (a) information that: (i) Executive knew prior to his employment with the Company or any predecessor company;
(ii) subsequently came into Executive’s possession other than through his work for the Company or any predecessor company
and not as a result of a breach of any duty owed to the Company; or (iii) is generally known within the relevant industry; or
(b) any prior knowledge, information or know-how which Executive legally obtained from a source other than the Company.

 

    	5

    	 

    

 

(a)
Promise Not to Disclose. Executive promises never to use or disclose any Confidential Information before it has become
generally known within the relevant industry through no fault of Executive. Notwithstanding this paragraph, Executive may disclose
Confidential Information: (i) during his employment for the benefit of the Company; (ii) as required to do so by court order,
subpoena, or otherwise as required by law, provided that upon receiving such order, subpoena, or request and prior to disclosure,
to the extent permitted by law, Executive shall provide written notice to the Company of such order, subpoena, or request and
of the content of any testimony or information to be disclosed and shall cooperate fully with the Company to lawfully resist disclosure
of the information; and (iii) to an attorney for the purpose of securing professional advice.

 

(b)
Promise Not to Solicit. Executive agrees that, during his employment with the Company and for 12 months after his termination
for any reason (together, the “Restricted Period”): (1) as to any client or business partner of the Company with whom
Executive had dealings or about whom Executive acquired Confidential Information during his employment, Executive will not solicit,
attempt to solicit, assist others to solicit, or accept any unsolicited request from the client or business partner to do business
with any person or entity other than the Company or its affiliates; and (2) Executive will not solicit, attempt to solicit, assist
others to solicit, hire, or assist others to hire for employment any person who at the time of Executive’s termination of
employment is, or within the 12 months preceding such termination was, an officer, manager, employee, or consultant of the Company.
Executive agrees that the restrictions set forth in this paragraph do not and will not prohibit him from engaging in his livelihood
and do not foreclose him his working with clients or business partners not identified in this paragraph.

 

(c)
Promise Not to Engage in Certain Employment. Executive agrees that, during the Restricted Period, he will not, without
the prior written consent of the Company, accept any employment; provide any services, advice or information; or assist or engage
in any activity (whether as an employee, consultant, or in any other capacity, whether paid or unpaid) with any business or other
entity in the business, directly or indirectly, for profit or not, of developing, distributing or marketing compounds or technologies
for the manufacture and distribution of smoothies, or smoothie-like beverages in the United States or elsewhere.

 

(d)
Return of Information. When Executive’s employment with the Company ends, he will promptly deliver to the Company,
or, at its written instruction, destroy, all documents, data, drawings, manuals, letters, notes, reports, electronic mail, recordings,
and copies of the same, of or pertaining to it or any other Group member in his possession or control. Notwithstanding the foregoing,
Executive may retain his personal effects, files, benefit information, or other property to the extent such materials do not contain
any of the Company’s Confidential Information. In addition, during his employment with the Company or the Group and subsequently,
Executive agrees to meet with Company personnel and, based on knowledge or insights he gained during his employment with the Company
and the Group, answer any question they may have related to the Company or the Group as reasonably requested.

 

    	6

    	 

    

 

(e)
Intellectual Property. Intellectual property (including such things as all ideas, concepts, inventions, plans, developments,
software, data, configurations, materials (whether written or machine-readable), designs, drawings, illustrations, and photographs,
developed, created, conceived, made, or reduced to practice during Executive’s employment with the Company (except intellectual
property that has no relation to the Group or any Group customer that Executive developed, etc., purely on his own time and at
his own expense), shall be the sole and exclusive property of the Company, and Executive does now assign all rights, title, and
interest in any such intellectual property to the Company.

 

(f)
Enforcement of This Section. This Section 5 shall survive the termination of this Agreement or Executive’s employment
for any reason. Executive acknowledges that: (a) this section’s terms are reasonable and necessary to protect the Company’s
legitimate interests; (b) this section’s restrictions will not prevent him from earning or seeking a livelihood; (c) this
section’s restrictions shall apply wherever permitted by law; and (d) the violation of any of this section’s terms
would irreparably harm the Company. Accordingly, Executive agrees that, if he violates any of the provisions of this section,
the Company or any Group member shall be entitled to, in addition to other remedies available to it, to seek an injunction to
be issued by any court of competent jurisdiction restraining Executive from committing or continuing any such violation, without
the need to prove the inadequacy of money damages or post any bond or for any other undertaking.

 

6.
CONFLICT OF INTEREST. In keeping with Executive’s fiduciary duties to the Company, Executive agrees that while employed
by the Company he shall not, acting alone or in conjunction with others, directly or indirectly, become involved in a conflict
of interest or, upon discovery thereof, allow such a conflict to continue. Moreover, Executive agrees that he shall immediately
disclose to the Company any facts that might involve any reasonable possibility of a conflict of interest. It is agreed that any
direct or indirect interest, connection with or benefit from any outside activities, where such interest might in any way adversely
affect the Company, involves a possible conflict of interest. Circumstances in which a conflict of interest on the part of Executive
might arise, and which must be reported immediately by Executive to the Company, include, but are not limited to, the following:

 

(a)
ownership of a material interest in any supplier, contractor, subcontractor, customer, or other entity with which the Company
does business;

 

(b)
acting in any capacity, including director, officer, partner, consultant, employee, distributor, agent, or the like for a supplier,
contractor, subcontractor, customer, or other entity with which the Company does business;

 

(c)
accepting, directly or indirectly, payment, service, or loans from a supplier, contractor, subcontractor, customer, or other entity
with which the Company does business, including, but not limited to, gifts, trips, entertainment, or other favors of more than
a nominal value;

 

(d)
misuse of the Company’s information or facilities to which Executive has access in a manner which will be detrimental to
the Company’s interest, such as utilization for Executive’s own benefit of know-how, inventions, or information developed
through the Company’s business activities;

 

    	7

    	 

    

 

(e)
disclosure or other misuse of Confidential Information of any kind obtained through Executive’s connection with the Company;

 

(f)
appropriation by Executive or the diversion to others, directly or indirectly, of any business opportunity in which it is known
or could reasonably be anticipated that the Company would be interested; and

 

(g)
ownership, directly or indirectly, of a material interest in an enterprise in competition with the Company, or acting as an owner,
director, principal, officer, partner, consultant, employee, agent, servant, or otherwise of any enterprise which is in competition
with the Company.

 

7.
ARBITRATION OF DISPUTES. Except as expressly prohibited by law and except for the Company’s right to seek injunctive
relief as set forth in Section 5(f), all disputes between the Company and Executive (“Arbitratable Disputes”), including
disputes under Section 3 and Section 4, are to be resolved by final and binding arbitration in accordance with this Section 7.
This section shall remain in effect after the termination of this Agreement or Executive’s employment.

 

(a)
Scope of Agreement. This arbitration agreement applies to, among other things, disputes concerning Executive’s employment
with or termination from the Company and the validity, interpretation, enforceability or effect of this Agreement or alleged violations
of it.

 

(b)
The Arbitration. The arbitration shall take place under the auspices of the American Arbitration Association (“AAA”)
in its office nearest to the location where Executive last worked for the Company and conducted in accordance with the AAA’s
National Rules for the Resolution of Employment Disputes then in effect before an experienced employment law arbitrator licensed
to practice law in that jurisdiction who has been selected in accordance with such rules. The arbitrator may not modify or change
this Agreement in any way except as expressly set forth herein. The arbitration shall be governed by the substantive law of Colorado
(excluding where it mandates the use of another jurisdiction’s laws).

 

(c)
Fees and Expenses. Regardless of which party initiates the arbitration, the Company shall pay that portion of the initial
filing fee that exceeds the filing fee for commencing an action in a state or federal court in Colorado, after which each party
shall pay the fees of their attorneys, the expenses of its witnesses, and any other costs and expenses that the party incurs in
connection with the arbitration. All other costs of the arbitration, including the fees of the arbitrator, the cost of any record
or transcript of the arbitration, administrative fees and other fees and costs shall be paid one-half by the Company and one-half
by Executive. Notwithstanding the foregoing, if Executive prevails in any arbitration proceeding, the Company shall reimburse
Executive for all fees, expenses and other costs incurred by Executive in connection with the proceedings.

 

(d)
Exclusive Remedy. The arbitration in this manner shall be the exclusive remedy for any Arbitratable Dispute.

 

(e)
Judicial Enforcement. Nothing in this Section 7 shall preclude any party to this agreement from seeking judicial enforcement
of an arbitrator’s award. Judgment may be entered on the arbitrator’s award in any court having jurisdiction. In the
event that Executive is required to seek judicial enforcement of an arbitrator’s award, the Company shall reimburse Executive
for any fees, expenses or costs associated with such action.

 

8.
TAXES; SECTION 409A. 

 

(a)
The Company shall withhold taxes from payments it makes pursuant to this Agreement as it reasonably determines to be required
by applicable law.

 

    	8

    	 

    

 

(b)
This Agreement is intended to comply with the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (“Section
409A”), including the exceptions thereto, and shall be construed and administered in accordance with such intent.
Notwithstanding any other provision of this Agreement, payments provided under this Agreement may only be made upon an event and
in a manner that complies with Section 409A or an applicable exemption. Any payments under this Agreement that may be excluded
from Section 409A either as separation pay due to an involuntary separation from service or as a short-term deferral shall be
excluded from Section 409A to the maximum extent possible. For purposes of Section 409A, each installment payment provided under
this Agreement shall be treated as a separate payment. Any payments to be made under this Agreement in connection with a termination
of employment shall only be made if such termination of employment constitutes a “separation from service” under Section
409A.

 

(c)
Notwithstanding any other provision of this Agreement, if at the time of Executive’s termination of employment, he is a
“specified employee”, determined in accordance with Section 409A, any payments and benefits provided under this Agreement
that constitute “nonqualified deferred compensation” subject to Section 409A that are provided to Executive on account
of his separation from service shall not be paid until the first payroll date to occur following the six-month anniversary of
Executive’s termination date (“Specified Employee Payment Date”). The
aggregate amount of any payments that would otherwise have been made during such six-month period shall be paid in a lump sum
on the Specified Employee Payment Date with interest (determined using the prime rate published by the Wall Street Journal
on the date of Executive’s separation from service) and thereafter, any remaining payments shall be paid without delay
in accordance with their original schedule. If Executive dies before the Specified Employee Payment Date, any delayed payments
shall be paid to Executive’s estate in a lump sum within 30 days of Executive’s death.

 

(d)
To the extent required by Section 409A and without limiting any other requirement set forth in this Agreement, each reimbursement
or in-kind benefit provided under this Agreement shall be provided in accordance with the following: (i) the amount of expenses
eligible for reimbursement, or in-kind benefits provided, during each calendar year cannot affect the expenses eligible for reimbursement,
or in-kind benefits to be provided, in any other calendar year; (ii) any reimbursement of an eligible expense shall be paid to
Executive on or before the last day of the calendar year following the calendar year in which the expense was incurred; and (iii)
any right to reimbursements or in-kind benefits under this Agreement shall not be subject to liquidation or exchange for another
benefit.

 

9.
CODE SECTION 280G.

 

(a)
Notwithstanding any other provision of this Agreement or any other plan, arrangement or agreement to the contrary, if any of the
payments or benefits provided or to be provided by the Company or its affiliates to Executive or for Executive’s benefit
pursuant to the terms of this Agreement or otherwise (“Covered Payments”)
constitute parachute payments (“Parachute Payments”) within the meaning of
Code Section 280G and would, but for this Section 9 be subject to the excise tax imposed under Code Section 4999 (or any successor
provision thereto) or any similar tax imposed by state or local law or any interest or penalties with respect to such taxes (collectively,
the “Excise Tax”), then prior to making the Covered Payments, a calculation
shall be made comparing (i) the Net Benefit (as defined below) to Executive of the Covered Payments after payment of the Excise
Tax to (ii) the Net Benefit to Executive if the Covered Payments are limited to the extent necessary to avoid being subject to
the Excise Tax. Only if the amount calculated under (i) above is less than the amount under (ii) above will the Covered Payments
be reduced to the minimum extent necessary to ensure that no portion of the Covered Payments is subject to the Excise Tax (that
amount, the “Reduced Amount”). “Net Benefit” shall mean
the present value of the Covered Payments net of all federal, state, local, foreign income, employment and excise taxes.

 

    	9

    	 

    

 

(b)
To the extent the Covered Payments must be reduced pursuant to Section 9(a) above, the Covered Payments shall be reduced in a
manner that maximizes Executive’s economic position. In applying this principle, the reduction shall be made in a manner
consistent with the requirements of Section 409A, and where two economically equivalent amounts are subject to reduction but payable
at different times, such amounts shall be reduced on a pro rata basis but not below zero.

 

(c)
Any determination required under this Section 9 shall be made in writing in good faith by an independent accounting firm selected
by the Company that is reasonably acceptable to Executive (the “Accountants”),
which shall provide detailed supporting calculations to the Company and Executive as requested by the Company or Executive. The
Company and Executive shall provide the Accountants with such information and documents as the Accountants may reasonably request
in order to make a determination under this Section 9. For purposes of making the calculations and determinations required by
this Section 9, the Accountants may rely on reasonable, good faith assumptions and approximations concerning the application of
Code Sections 280G and 4999. The Accountants’ determinations shall be final and binding on the Company and Executive. The
Company shall be responsible for all fees and expenses incurred by the Accountants in connection with the calculations required
by this Section 9.

 

10.
AMENDMENT. No provisions of this Agreement may be modified, waived or discharged except by a written document signed by a
duly authorized Company officer and Executive. A waiver of any conditions or provisions of this Agreement in a given instance
shall not be deemed a waiver of such conditions or provisions at any other time in the future.

 

11.
NOTICES. For all purposes of this Agreement, all communications, including but not limited to notices, consents, request or
approvals, required, permitted, or which may be given hereunder shall be in writing and either delivered personally to an officer
of the addressee or mailed to those addresses provided on the signature page below, by certified or registered mail, postage prepaid,
by facsimile transmission or electronic mail (with receipt confirmed) and shall be deemed given (i) when so delivered personally;
(ii) if mailed, five (5) days after the time of mailing; or (iii) if faxed or sent by electronic mail, twenty four (24) hours
after the confirmed transmission of the fax or electronic mail.

 

12.
CHOICE OF LAW. The validity, interpretation, construction and performance of this Agreement shall be governed by the laws
of Colorado (excluding any that mandate the use of another jurisdiction’s laws).

 

13.
SUCCESSORS. This Agreement shall be binding upon, and shall inure to the benefit of, Executive and his estate, but Executive
may not assign or pledge this Agreement or any rights arising under it, except to the extent permitted under the terms of the
benefit plans in which he participates. The Company shall not assign this Agreement to any affiliate or to a successor to substantially
all the business unless such affiliate or successor agrees to enter into a written agreement acceptable to Executive providing
for the affiliate’s or successor’s assumption of obligations under this Agreement.

 

14.
VALIDITY. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability
of any other provision of this Agreement, which shall remain in full force and effect.

 

15.
COUNTERPARTS. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original
but all of which together shall constitute the same instrument.

 

16.
HEADINGS. The section headings have been inserted for purposes of convenience and shall not be used for interpretive purposes.

 

17.
GENDER AND PLURALS. Wherever the context so requires, the masculine gender includes the feminine or neuter, and the singular
number includes the plural and conversely.

 

18.
ENTIRE AGREEMENT. All oral or written agreements or representations, express or implied, with respect to the subject matter
of this Agreement are set forth in this Agreement. All prior written employment agreements between Executive and the Company are
declared null and void, and have no further effect.

 

(Signatures
on following page)

 

    	10

    	 

    

 

IN
WITNESS WHEREOF, the parties have executed this Agreement through their duly authorized representatives as of the Effective
Date set forth above.

 

	“COMPANY”	 	“EXECUTIVE”
	 	 	 
	BARFRESH FOODS
    GROUP INC.,	 	 
	a
                                         Delaware corporation
	 	

 

	By:	/s/ Arnold Tinter	 	/s/
    Riccardo Delle Coste
	Name:	Arnold Tinter	 	RICCARDO DELLE
    COSTE
	Title:	Chief Financial Officer/ Secretary	 	 

 

    	11

    	 

    

 

 

ANNEX
A – General Release of Claims

 

GENERAL
RELEASE AGREEMENT

 

This
General Release Agreement (the “Agreement”) is entered into by and between Barfresh Food Group, Inc., a Delaware
corporation (the “Company”), and Riccardo Delle Coste (“Executive”).

 

WHEREAS,
the Company and Executive are parties to an Employment Agreement (“Employment Agreement”) entered into on April
__, 2015, whereby Executive is entitled to certain severance benefits from Company in exchange for executing this Agreement;

 

WHEREAS,
Executive’s employment with Company [will terminate][terminated] effective [DATE] (“Termination Date”),
pursuant to Section [INSERT SECTION] of the Employment Agreement;

 

WHEREAS,
the parties desire to settle all claims and issues arising out of or in any way related to the acts, transactions or occurrences
between Executive and the Company to date;

 

WHEREFORE,
in consideration of the promises and the mutual covenants set forth below, the parties agree as follows:

 

1.
Consideration. In consideration for executing this Agreement and in exchange for the promises, covenants, releases and
waivers herein, provided that Executive has not revoked the Agreement as set forth below, the Company will provide Executive with
the severance payments and/or benefits described in Section [INSERT SECTION] of the Employment Agreement. The severance payments
and/or benefits described in Section [INSERT SECTION] shall commence or be paid, as applicable, on the first payroll period following
the “Release Effective Date” (as defined below), and the first payment shall include all payments that would have
been made from the Termination Date. In addition, Executive shall be reimbursed for (i) any remaining charges for Company expenses
on Executive’s personal credit cards incurred prior to the Termination Date and (ii) any outstanding and unpaid business
expenses incurred by the Executive through the Termination Date, in each case in accordance with Company policy. Executive understands
and agrees that the severance payments and/or benefits are in addition to anything of value to which Executive is otherwise entitled
from the Company if she does not execute this Agreement.

 

2.
Tax Treatment. All payments and benefits provided to Executive pursuant to Paragraph 1 of this Agreement are subject to
any applicable employment or tax withholdings or deductions. In addition, the parties hereby agree that it is their intention
that all payments or benefits provided under this Agreement comply with Section 409A of the Internal Revenue Code of 1986, as
amended (the “Code”), and this Agreement shall be interpreted accordingly. In no event shall the timing of
the Executive’s execution of this Agreement, directly or indirectly, result in the Executive designating the calendar year
of payment, and if a payment that is subject to execution of the Agreement could be made in more than one taxable year, payment
shall be made in the later taxable year. Notwithstanding the foregoing, the Company does not guarantee the tax treatment of any
payments or benefits under this Agreement, including, without limitation, under the Code, federal, state or local laws.

 

    	 

    	 

    

 

3.
Releases.

 

	 	(a)	In
                                         consideration for the consideration described above, to which Executive is not otherwise
                                         entitled, as a full and final settlement, Executive, for Executive and Executive’s
                                         heirs, executors, administrators, successors and assigns, hereby releases and forever
                                         discharges the Company, its current and former parents, direct or indirect equity holders,
                                         subsidiaries, affiliated or related entities and their respective officers and directors
                                         (hereinafter collectively referred to as “Releasees”) from all causes
                                         of action, claims, charges, complaints, liabilities, obligations, promises, covenants,
                                         agreements, contracts, suits, judgments, damages, or demands, in law or in equity of
                                         any nature whatsoever, known or unknown, suspected or unsuspected, which Executive ever
                                         had or now has regarding any matter arising on or before the date of Executive’s
                                         execution of this Agreement including those arising directly or indirectly out of or
                                         in any way connected with Executive’s employment with the Company, including, but
                                         not limited to, claims relating to Executive’s employment, or termination thereof,
                                         discrimination based upon race, color, age, sex, sexual orientation, age, marital status,
                                         religion, national origin, handicap, disability, or any other protected category, or
                                         retaliation, any contracts (express or implied), any claim for or involving equitable
                                         relief or recovery of punitive, compensatory, or other damages or monies, wages, vacation
                                         pay, employee fringe benefits, attorneys’ fees, libel, slander, and any other tort.
                                         Executive understands and agrees that this Release includes any claim that could arise
                                         under Title VII of the Civil Rights Act of 1964; the Age Discrimination in Employment
                                         Act of 1967; the Older Workers Benefit Act; the Civil Rights Act of 1866; the Equal Pay
                                         Act; the Pregnancy Discrimination Act; the Americans With Disabilities Act of 1990; 42
                                         U.S.C. § 1981; the Employee Retirement Income Security Act of 1974; the Family and
                                         Medical Leave Act of 1993; the Civil Rights Act of 1991; the Worker Adjustment and Retraining
                                         Notification Act of 1988; the Genetic Information Nondiscrimination Act, the Employee
                                         Retirement Income Security Act, the False Claims Act; the Corporate and Criminal Fraud
                                         Accountability Act of 2002, 18 U.S.C. § 1514A, also known as the Sarbanes Oxley
                                         Act; any claim under the Colorado Anti-Discrimination Act; the California Labor Code
                                         (including the California Private Attorney General Act), California Business & Professions
                                         Code, California Wage Orders, City of Los Angeles Living Wage Ordinance; and any other
                                         federal, state or local laws, rules or regulations, whether equal employment opportunity
                                         laws, rules or regulations or otherwise, or any right under any pension, welfare, or
                                         equity plans.
	 	 	 
	 	(b)	Executive
                                         acknowledges reading and understanding the meaning and effect of section 1542 of the
                                         California Civil Code which in its entirety states:

 

A
general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time
of executing the release, which if known by him or her must have materially affected his or her settlement with the creditor.

 

Executive
waives and relinquishes any right or benefit that Executive may have under section 1542 of the California Civil Code and understands
that by signing this Release, Executive is giving up claims that Executive may not presently know or suspect to exist.

 

	 	(c)	Notwithstanding
                                         the broad scope of this release, this release is not intended to bar (i) any claims that,
                                         as a matter of law, whether by statute or otherwise, may not be waived, such as claims
                                         for workers’ compensation benefits or unemployment insurance benefits, (ii) any
                                         claims with respect to indemnification under the Company’s by-laws, charter or
                                         any other operative agreements or with respect to coverage arising under any D&O
                                         policy in effect, (iii) any claims by the Executive for any matter arising under this
                                         Agreement or (iv) any claims by the Executive in his capacity as a shareholder of the
                                         Company or with respect to any equity interest he may own or control in the Company.
                                         Nothing in this Agreement is intended to interfere with Executive’s right to file
                                         a charge or participate in an administrative investigation or proceeding; provided,
                                         however, that Executive expressly releases and waives her right to recovery of any
                                         type in any administrative or court action, whether local, state or federal, and whether
                                         brought by her or on her behalf, related in any way to the matters released herein.

 

    	13

    	 

    

 

		(d)	By
                                         signing this
                                         Agreement and accepting the consideration described in Paragraph 1, Executive understands
                                         and acknowledges that Executive is waiving any right to sue the Releasees for any claims
                                         released by this Agreement.
	 	 	 
		(e)	The
                                         Company for itself and its current and former parents, direct or indirect equity holders,
                                         members, subsidiaries, affiliated or related entities and their respective members, shareholders,
                                         officers, directors, successors and assigns (collectively, the “Company Releasors”)
                                         hereby release and forever discharge the Executive from all causes of action, claims,
                                         charges, complaints, liabilities, obligations, promises, covenants, agreements, contracts,
                                         suits, judgments, damages, or demands, in law or in equity of any nature whatsoever,
                                         known or unknown, suspected or unsuspected, which the Company Releasors ever had or now
                                         have regarding any matter relating to Executive’s employment with or equity interest
                                         in the Company arising on or before the date of Executive’s execution of this Agreement
                                         including, but not limited to, any claim for or involving equitable relief or recovery
                                         of punitive, compensatory, or other damages or monies, attorneys’ fees, libel,
                                         slander, and any other tort; provided, that, the foregoing release by the
                                         Company Releasors is not intended to and does not bar any claims by the Company Releasors
                                         for any matters arising (i) under this Agreement or the Termination Agreement, (ii) from
                                         events, acts or omissions occurring after the parties’ execution of this Agreement;
                                         or (iii) from any acts of Executive involving criminal activity or fraud.

 

4.
Non-Admission Clause. This Agreement does not constitute
an admission by the Company or Executive (or any Releasee or Company Releasor) of a violation of any federal, state, or local
law, statute, rule or regulation or any common law right.

 

5.
Representations. By Executive’s signature below, Executive represents that: (i) Executive is not aware of any unpaid
wages, vacation, bonuses, expense reimbursements or other amounts owed to Executive by the Company, other than that specifically
provided for in this Agreement; and (ii) Executive has not filed any charge or claim or initiated any proceedings against any
of the Releasees in any forum or with any municipal, state or federal agency charged with the enforcement of any law.

 

6.
Confidentiality of this Agreement. Except as provided by law, Executive and the Company shall keep the existence and terms
of this Agreement confidential and shall not disclose to any third party, except in the case of the Executive, to the Executive’s
immediate family, tax and legal advisors and as required by law, and except in the case of the Company, in connection with the
Company’s disclosure obligations to its tax, accounting and legal advisors, to any officer, director, manager or employee
with a business need to know, and as required by law.

 

    	14

    	 

    

 

7.
Non-Disparagement/Statements. Executive covenants and agrees that he will not make any disparaging or derogatory comments
about the business or reputation of the Releasees, except where the making of any truthful statements may be required by law or
is necessary to enforce his rights under this Agreement. The Company covenants and agrees that it shall not, and the management
employees of the Company shall be instructed not to, make any disparaging or derogatory comments concerning the Executive, except
where the making of any truthful statements may be required by law or necessary to enforce its rights under this Agreement.

 

8.
Governing Law. The construction, interpretation and performance of this Agreement shall be governed by the laws of the
State of Colorado, without regard to its conflicts of law provisions. Executive agrees to and hereby consents and waives any objection
to the exclusive jurisdiction of any and all state and federal courts located in the State of Colorado in connection with any
proceeding concerning this Agreement.

 

9.
Headings. The paragraph headings in this Agreement are for
convenience of reference only and shall not be deemed to alter or affect the meaning or interpretation of any provision hereof.

 

10.
Severability. If any provision or portion thereof contained in this Agreement is held to be invalid or unenforceable,
the remainder of this Agreement will be considered severable, shall not be affected and shall remain in full force and effect.
Specifically, the invalidity of any such provision shall have no effect upon, and shall not impair the enforceability of
the release language set forth in Paragraph 3.

 

11.
Binding on Successors. The parties agree that this Agreement shall be binding on, and inure to the benefit of, Executive’s
and the Company’s respective successors, heirs and/or assigns.

 

12.
Entire Agreement; Counterparts. This Agreement constitutes the entire agreement between Executive and the Company on the
subject matter herein and supersedes and cancels any prior written and oral agreements between Executive and the Company regarding
such subject matter, except the surviving provisions of the Employment Agreement. No amendment of this Agreement or waiver of
any of its provisions shall be effective unless agreed to in writing by Executive and the Company. This Agreement may be executed
in two or more counterparts, which when taken together, shall constitute an original agreement. Executed originals transmitted
by electronically as PDF files (or their equivalent) shall have the same force and effect as a signed original. Unless otherwise
defined herein, capitalized terms have the meaning set forth in the Employment Agreement.

 

13.
Acknowledgments: Without detracting in any respect from any other provision of this Agreement, Executive acknowledges and
agrees that:

 

	 	(a)	this
                                         Agreement constitutes a knowing and voluntary waiver of all rights or claims Executive
                                         has or may have against Releasees as set forth herein, including any claims under the
                                         Age Discrimination in Employment Act; and Executive has no physical or mental impairment
                                         of any kind that has interfered with Executive’s ability to read and understand
                                         the meaning of this Agreement or its terms, and that Executive is not acting under the
                                         influence of any medication or mind-altering chemical of any type in entering into this
                                         Agreement;
	 	 	 
	 	(b)	by
                                         entering into this Agreement, Executive does not waive rights or claims that may arise
                                         after the date of Executive’s execution of this Agreement, including without limitation
                                         any rights or claims that Executive may have to secure enforcement of the terms and conditions
                                         of this Agreement;

 

    	15

    	 

    

 

	 	(c)	the
                                         consideration provided to Executive under this Agreement is in addition to anything of
                                         value to which Executive is already entitled;
	 	 
	 	(d)	Executive
                                         is advised to consult with an attorney regarding this Agreement; and
	 	 	 
	 	(e)	Executive
                                         was informed that Executive had at least twenty-one (21) days in which to review and
                                         consider this Agreement, and to consult with an attorney regarding the terms and effect
                                         of this Agreement.

 

14.
Right to Revoke. Executive may revoke this Agreement within seven (7) days from the date Executive signs this Agreement,
in which case this Agreement shall be null and void and of no force or effect on either the Company or Executive. Any revocation
must be in writing and received by the undersigned by 5:00 p.m. on or before the seventh day after this Agreement is executed
by Executive. For purposes of this Agreement, the “Release Effective Date” shall be the eighth (8th)
day following the Termination Date, so long as the Executive has not revoked this Agreement in a timely manner prior to such date.

 

[Signature
Page Follows]

 

    	16

    	 

    

 

	 	Sincerely,
	 	 
	 	Barfresh
    Food Group Inc.
	 	 	 
	 	By:	 
	 	Name:
    	 
	 	Title:	 

 

EXECUTIVE
EXPRESSLY ACKNOWLEDGES, REPRESENTS, AND WARRANTS THAT EXECUTIVE HAS READ THIS AGREEMENT CAREFULLY; THAT EXECUTIVE FULLY UNDERSTANDS
THE TERMS, CONDITIONS, AND SIGNIFICANCE OF THIS AGREEMENT; THAT THE COMPANY HAS ADVISED EXECUTIVE TO CONSULT WITH AN ATTORNEY
CONCERNING THIS AGREEMENT; THAT EXECUTIVE UNDERSTANDS THAT THIS AGREEMENT HAS BINDING LEGAL EFFECT; AND THAT EXECUTIVE HAS EXECUTED
THIS AGREEMENT FREELY, KNOWINGLY AND VOLUNTARILY.

 

PLEASE
READ CAREFULLY. THIS AGREEMENT HAS IMPORTANT LEGAL CONSEQUENCES.

 

	 	 
	Riccardo Delle Coste	 
	 	 	 
	Date:		 

 

    	17

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