Document:

Document

CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) IS THE TYPE THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL.

EXHIBIT 10.2

MASTER SERVICES AGREEMENT

This Master Services Agreement ("Agreement") is made and entered into as of 12/29/2021 by and between Castle Biosciences, Inc., a Delaware corporation located at 505 S Friendswood Dr., Suite 401 , Friendswood, TX 77546 (herein referred to as "Castle"), and Bernhard E. Spiess, [***] (herein referred to as "Consultant"). 

RECITALS

    WHEREAS, Consultant is currently an employee of Castle;

WHEREAS,  Consultant and Castle have entered into an Employment Separation Agreement dated 12/29/2021 (herein referred to as the “Separation Agreement”), pursuant to which Consultant’s employment with Castle will end effective December 31, 2021;

WHEREAS, Consultant provides services as a general business consultant; and,

WHEREAS, Castle wishes to utilize the expertise of Consultant to perform certain services for Castle, and Consultant desires, pursuant to the terms and conditions set forth herein and defined in Exhibit A, to provide such services.  Services may be performed remotely as allowed by regulations and statutes.

    NOW, THEREFORE, in consideration of the mutual promises made herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Consultant and Castle hereby agree as follows. 

AGREEMENT

1.Services.  Consultant will perform certain services for Castle from time to time as described in Exhibit A attached hereto (the “Services”).  Castle may, from time to time, engage Consultant in specific projects for which an amended Scope of Work and associated payment terms are required.  Such projects will be subject to the terms of this agreement except as further defined in a specific Scope of Work to be appended hereto as Exhibit B, Exhibit C, and so forth.

2.Compensation & Payment.  

a.Rate:  During the Consulting Period (as defined in Section 4 below), Consultant will be compensated at the rate specified in Exhibit A.    

b.Payment timing:  Consultant will invoice Castle for Services as outlined in Exhibit A monthly.  Castle agrees to pay all invoices within thirty (30) days after the receipt of invoice for the Services.  Castle’s obligation to pay for Services rendered prior to termination of the Agreement shall survive termination of this Agreement.

c.Stock options and restricted stock units:  Consultant’s employment will terminate in accordance with the Separation Agreement and as of the last date of employment will have stock options and restricted stock units that have not yet vested.  While this Agreement is in effect (a) unvested options will continue to vest per terms of the option grant, (b) the options will remain exercisable pursuant to the terms of the 2008, 2018 and 2019 equity incentive plans (as detailed below) and (c) restricted stock units will continue to vest per terms of the restricted stock unit grant.

For clarity, this Agreement does not modify any of the terms or conditions of any stock option agreement previously awarded to Consultant when in the employ of Castle. Accordingly, for the options and restricted stock units previously granted to Consultant under the Castle Biosciences, Inc. 2008 Stock Plan (the “2008 Plan”), the Castle Biosciences, Inc. 2018 Equity Incentive Plan (the “2018 Plan”) and the Castle 

***Certain Confidential Information Omitted

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Biosciences, Inc. 2019 Equity Incentive Plan (the “2019 Plan”) and in accordance with the terms of such plans and the related award agreements, the options and restricted stock units, to the extent not already vested and notwithstanding any other terms or conditions to the contrary included in such award agreements or plans, shall continue to vest in accordance with their original vesting schedules unless Consultant ceases to be a Service Provider (as defined in and with respect to options granted under the 2008 Plan) or otherwise has a termination of Continuous Service (as defined in and with respect to options granted under the 2018 Plan and the 2019 Plan). For the avoidance of doubt, Castle and Consultant agree that immediately upon commencement of the Services and during the Consulting Period (as defined in Section 4 below), Consultant is deemed to continue, uninterrupted, to be a Service Provider (as that term is used in the 2008 Plan) and is deemed to continue, uninterrupted, to provide Continuous Service (as that term is used in the 2018 Plan and the 2019 Plan). Castle and Consultant also agree that the immediate transition from the role of employee to consultant contemplated as part of the Separation Agreement and this Agreement does not represent a termination of relationship as a Service Provider (with respect to the 2008 Plan) and does not represent a termination of Continuous Service (with respect the 2018 Plan and the 2019 Plan) given the immediate commencement of the Consulting Services upon termination of employment.

Unless terminated earlier in accordance with this Agreement or renewed in accordance with this Agreement, the Services shall terminate automatically on December 31, 2022. If, prior to the scheduled termination date or other termination of the Services, the Agreement is terminated by either party for any reason, the Services shall automatically terminate on the applicable date of the event.  Upon termination of the Services, Consultant shall cease to be a Service Provider under the 2008 Plan and Consultant’s Continuous Service shall terminate under the 2018 Plan and 2019 Plan and, accordingly, all unvested options and restricted stock units as of that date will be forfeited, in accordance with the terms and conditions applicable to such options and restricted stock units.

3.Term and Termination.  

a.This Agreement shall commence immediately upon Consultant’s termination of employment from Castle and remain in effect, unless earlier terminated in accordance with the provisions of this Agreement, for an initial period until December 31, 2022 (“Consulting Period”).  Thereafter, it may be renewed for consecutive one (1) year periods by mutual written agreement, and any such renewal periods shall become part of the Consulting Period.

b.Notwithstanding the foregoing, this Agreement may be terminated: 

i.by Consultant for any reason by providing thirty (30) days’ prior written notice to Castle;

ii.automatically upon the occurrence of any event bankruptcy, insolvency or liquidation of any party;
 
iii.immediately by Castle, for any reason with or without prior written notice; or 
 
iv.immediately by Castle with or without prior written notice in the event that Consultant (a) ceases to provide, or is unwilling or unable to provide the Services to Castle; (b) fails to cure any substantial failure to diligently perform the Services within thirty (30) days of Castle’s written notice specifying such failure and indicating its intention to terminate this Agreement; or (c) Consultant begins a full-time employment position at diagnostics company or institution and works in a Chief Business Officer or other role that has duties similar to (1) those performed during Consultant’s employment with Castle or (2) the Services.

4.Confidentiality / Disclosure / Intellectual Property – Trade Secret Improvements/ Insider Trading.

a.Consultant will treat as confidential Castle’s Confidential Information (defined below), and will take precautions equivalent to those it uses to protect its own most highly confidential information (which must be at least reasonable precautions) to ensure the continued confidentiality of such information and to prevent its unauthorized access and disclosure. Consultant agrees to return to Castle upon the expiration or termination of this Agreement or earlier request all Confidential Information acquired from Castle, except 

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as to such information as it may be required to retain under applicable law. During the term of this Agreement and thereafter, Consultant shall not, without Castle’s prior written consent, use or disclose any Confidential Information for a purpose other than as expressly contemplated by this Agreement to carry out its obligations hereunder. Prior to disclosure of Confidential Information to any employee, consultant, advisor or any other person, Consultant shall ensure that such person is bound in writing to observe confidentiality, non-disclosure and non-use restrictions substantially equivalent with the restrictions contained in this Agreement. If Castle or Consultant are required by law to disclose all or any part of the Confidential Material, each party agrees to (i) immediately notify the other of the existence, terms and circumstances surrounding such a request, (ii) consult with the other on the advisability of taking legally available steps to resist or narrow such request, and (iii) exercise its commercially reasonable best efforts to obtain an order or other reliable assurance that confidential treatment will be accorded to such portion of the Confidential Material required to be disclosed.

b.“Confidential Information” means all trade secrets and other non-public proprietary information of Castle of any kind whatsoever (including without limitation, know-how, data, compilations, formulae, product specifications, financial models, patent disclosures, procedures, processes, projections, forecasts, protocols, results of experimentation and testing, specifications, strategies and techniques), and all tangible and intangible embodiments thereof of any kind whatsoever (including without limitation, apparatus, compositions, documents, drawings, machinery, formulae, prototypes, patent applications, records and reports) , which is disclosed by Castle to Consultant in writing, orally or by observation. Notwithstanding the foregoing, except as to trade secrets, Confidential Information shall not include information which Consultant can establish (i) to have been publicly known prior to disclosure of such information by Castle to Consultant, (ii) to have become publicly known, without fault on the part of Consultant, subsequent to disclosure of such information by Castle to Consultant, (iii) to have been received by Consultant at any time from a source, other than Castle, rightfully having possession of and the right to disclose such information, or (iv) to have been otherwise known by Consultant as evidenced by its own written records prior to disclosure of such information by Castle to Consultant. 

c.Each party shall comply with all applicable laws, rules and regulations in performing its obligations hereunder, including, without limitation, applicable state and federal physician self-referral and anti-kickback laws and regulations, as well as the Health Insurance Portability and Accountability Act of 1996, as amended (“HIPAA”), and the rules promulgated thereunder (including the Standards for Privacy of Individually Identifiable Health Information). The parties agree to enter into a customary HIPAA Business Associate Agreement upon entering into this Agreement.

d.Intellectual Property / Trade Secret Improvements.  Consultant agrees that if in the course of performing the Services hereunder, Consultant incorporates into any Service any invention, improvement, development, concept, discovery or other proprietary information owned by Consultant or in which Consultant has an interest, (i) Consultant shall inform Castle, in writing before incorporating such invention, improvement, development, concept, discovery or other proprietary information into any Service; and (ii) Castle is hereby granted and shall have a nonexclusive, royalty-free, perpetual, irrevocable, worldwide license to use, perform, display, make, reproduce, make derivative works, import, sell, offer for sale, license, distribute, and otherwise dispose of such invention, improvement, development, concept, discovery or other proprietary information as part of or in connection with such Work Product, with the right to license such rights to others.  Consultant shall not incorporate any invention, improvement, development, concept, discovery or other proprietary information owned by any third party into any Service without Castle’s prior written permission.

e.Insider Trading. Consultant acknowledges receipt of a copy of Castle’s insider trading policy and agrees to comply with such policy as may be in effect from time to time through the term of this Agreement. 

5.Restrictive Covenants.

a.Solicitation of Employees. Consultant agrees that for a period of three (3) years immediately following the termination of this Agreement for any reason, whether with or without cause, at the option either of Castle or Consultant, with or without notice, Consultant will not, either directly or indirectly, solicit, induce, recruit 

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or encourage any of Castle’s employees to leave their employment, or hire or take away such employees, or attempt to solicit, induce, recruit, encourage, hire or take away employees of Castle, either for Consultant or for any other person or entity.

b.No Interference. Consultant agrees that during the course of this Agreement and for a period of three (3) years immediately following the termination of this Agreement for any reason, whether with or without cause, at the option either of Castle or Consultant, with or without notice, Consultant will not, either directly or indirectly, interfere with Castle’s customer relationships.

c.No Conflict of Interest.  During the term of this Agreement, Consultant will not accept work, enter into a contract, or accept an obligation from any third party, inconsistent or incompatible with Consultant’s obligations under this Agreement, or the scope of Services.  Consultant warrants that there is no other contract or duty on its part inconsistent with this Agreement.  Consultant agrees to indemnify Castle from any and all loss or liability incurred by reason of the alleged breach by Consultant of any services agreement with any third party.

d.Covenant Not to Compete:  Consultant agrees that during the course of this Agreement and for a period of one (1) year immediately following the termination of this Agreement for any reason, whether with or without cause, at the option either of Castle or Consultant, with or without notice, Consultant and Employee will not, either directly or indirectly, (i) serve as an advisor, agent, consultant, director, employee, officer, partner, proprietor or otherwise of, (ii) have any ownership interest in (except for passive ownership of one percent (1%) or less of any entity whose securities have been registered under the Securities Act of 1933, as amended, or Section 12 of the Securities Exchange Act of 1934, as amended) or (iii) participate in the organization, financing, operation, management or control of, any business in competition with Castle’s business as conducted by Castle at any time during the course of Employee’s employment and/or Consultant’s consulting relationship with Castle. The foregoing covenant shall cover Consultant’s activities in every part of the Territory, as defined herein, to the extent permitted by applicable law. “Territory” shall mean: (i) all counties in the State of Texas, (ii) all other states of the United States of America and (iii) all other countries of the world; provided that, with respect to clauses (ii) and (iii), Castle maintains non-trivial operations, facilities, or customers in such geographic area prior to the date of this Agreement.

Consultant acknowledges and agrees that Consultant’s fulfillment of the obligations contained in this Agreement, including, but not limited to, Consultant’s obligation neither to use, except for the benefit of Castle, or to disclose Castle’s Confidential Information and Consultant’s obligations in this Section are necessary to protect Castle’s Confidential Information and to preserve Castle’s value and goodwill. Consultant further acknowledge the time, geographic and scope limitations of Consultant’s obligations under this Section are reasonable, especially in light of Castle’s desire to protect its Confidential Information, and that Consultant will not be precluded from gainful employment if Consultant is obligated not to compete with Castle during the period and within the Territory as described above. 

The covenants contained in this Section shall be construed as a series of separate covenants, one for each city, county and state of any geographic area in the Territory. Except for geographic coverage, each such separate covenant shall be deemed identical in terms to the covenant contained in this Section. If, in any judicial or arbitration proceeding, a court or arbitrator refuses to enforce the covenants in this Section (or any part thereof), then such unenforceable covenant (or such part) shall be eliminated from this Agreement to the extent necessary to permit the remaining separate covenants (or portions thereof) to be enforced. In the event the provisions of this Section are deemed to exceed the time, geographic or scope limitations permitted by applicable law, then such provisions shall be reformed by the court or arbitrator to cover the maximum time, geographic or scope limitations, as the case may be, then permitted by such law.

6.Independent Contractor Relationship.  Consultant’s relationship with Castle is that of an independent contractor, and nothing in this Agreement is intended to, or should be construed to, create a partnership, agency, joint venture or employment relationship between Castle and any of Consultant’s employees or agents.  Consultant is not authorized to make any representation, contract or commitment on behalf of Castle.  Consultant (if Consultant is an individual) and Consultant’s employees will not be entitled to any of the benefits that Castle may make available to 

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its employees, including, but not limited to, group health or life insurance, profit-sharing or retirement benefits.  Because Consultant is an independent contractor, Castle will not withhold or make payments for social security, make unemployment insurance or disability insurance contributions, or obtain workers’ compensation insurance on behalf of Consultant. Consultant is solely responsible for, and will file, on a timely basis, all tax returns and payments required to be filed with, or made to, any federal, state or local tax authority with respect to the performance of Services and receipt of fees under this Agreement.  Consultant is solely responsible for, and must maintain adequate records of, expenses incurred in the course of performing Services under this Agreement.  No part of Consultant’s compensation will be subject to withholding by Castle for the payment of any social security, federal, state or any other employee payroll taxes.  Castle will regularly report amounts paid to Consultant by filing Form 1099-MISC with the Internal Revenue Service as required by law.  If, notwithstanding the foregoing, Consultant is reclassified as an employee of Castle, or any affiliate of Castle, by the U.S. Internal Revenue Service, the U.S. Department of Labor, or any other federal or state or foreign agency as the result of any administrative or judicial proceeding, Consultant agrees that Consultant will not, as the result of such reclassification, be entitled to or eligible for, on either a prospective or retrospective basis, any employee benefits under any plans or programs established or maintained by Castle.

7.Exclusivity. Nothing in this Agreement shall be deemed to grant Consultant any form of exclusivity, and Castle will be entitled to act independently, or to retain the services of others, for the purpose of performing the Services. Throughout the Consulting Period, Consultant retains the right to engage in employment, consulting, or other work relationships in addition to the Services for the Company, so long as such activities do not present a conflict of interest with Castle’s business, or interfere with Consultant’s continuing obligations owed to Castle.  In the event that it unclear to Consultant whether a particular activity would breach this commitment, Consultant agrees to contact Castle to seek clarification prior to engaging such activity.  

8.Indemnification. Each party shall indemnify and save harmless the other for, from and against all actions, liabilities, losses, damages, claims and demands whatsoever, including costs, expenses and attorneys’ fees resulting from or claimed to have resulted from any intentional or negligent acts or omissions of the other party or its employees or agents engaged in the work under this Agreement at the time of the event or occurrence upon which such actions, claims or demands are based.  Castle further indemnifies Consultant against any and all claims of malpractice related to services performed under this Agreement.

9.Entire Agreement. This Agreement sets forth the entire understanding and agreement of the parties with respect to the subject matter hereof and supersedes all prior and/or contemporaneous understandings, negotiations, representations and writings relating thereto.  No provision of this Agreement may be amended or modified, orally or otherwise, except by a writing signed by the party against which the modification or amendment is sought to be enforced. 

10.Disclaimer of Other Relationships. This Agreement shall not create a relationship of employment, agency, partnership, or joint venture, or a license between the parties. Moreover, this Agreement shall not obligate either party to enter into any business relationship with the other party or to purchase or sell any products or services from the other party. Consultant shall not be, and shall not represent itself as being, authorized to bind Castle, as agent or otherwise.

11.Equitable Remedies. Both parties recognize and agree that Castle may suffer irreparable damage as a result Consultant’s breach of Sections 4 and 5. Consultant agrees that if Castle is injured by a breach or a threatened breach of Sections 4 and 5, Castle shall have the ability to seek the remedy of a restraining order or other appropriate equitable relief to enforce this Agreement in addition to all other remedies provided by law without the need to post a bond or prove irreparable harm. 

12.Agreement to Arbitrate All Disputes.  To ensure the timely and economical resolution of disputes that may arise between Consultant and Castle, both Consultant and Castle mutually agree that pursuant to the Federal Arbitration Act, 9 U.S.C. §1-16, and to the fullest extent permitted by applicable law, Consultant and Castle will submit solely to final, binding and confidential arbitration any and all disputes, claims, or causes of action arising from or relating to:  (i)  the negotiation, execution, interpretation, performance, breach or enforcement of this Agreement; or (ii) Consultant’s relationship with Castle (including but not limited to all statutory claims); or (iii) the termination of Consultant’s relationship with Castle (including but not limited to all statutory claims).  BY AGREEING TO THIS 

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ARBITRATION PROCEDURE, BOTH CONSULTANT AND CASTLE WAIVE THE RIGHT TO RESOLVE ANY SUCH DISPUTES THROUGH A TRIAL BY JURY OR JUDGE OR THROUGH AN ADMINISTRATIVE PROCEEDING. The arbitrator shall have the sole and exclusive authority to determine whether a dispute, claim or cause of action is subject to arbitration under this Section and to determine any procedural questions which grow out of such disputes, claims or causes of action and bear on their final disposition.  All claims, disputes, or causes of action under this Section, whether by Consultant or Castle, must be brought solely in an individual capacity, and shall not be brought as a plaintiff (or claimant) or class member in any purported class or representative proceeding, nor joined or consolidated with the claims of any other person or entity.   The arbitrator may not consolidate the claims of more than one person or entity, and may not preside over any form of representative or class proceeding.  To the extent that the preceding sentences in this paragraph are found to violate applicable law or are otherwise found unenforceable, any claim(s) alleged or brought on behalf of a class shall proceed in a court of law rather than by arbitration.  Any arbitration proceeding under this Section shall be presided over by a single arbitrator and conducted by JAMS, Inc. (“JAMS”) or its successor, under the then applicable JAMS Comprehensive Arbitration Rules & Procedures available upon request and also currently available at https://www.jamsadr.com/rules-comprehensive-arbitration/).  Consultant and Castle both have the right to be represented by legal counsel at any arbitration proceeding, at each party’s own expense.  The location of the arbitration proceeding shall take place Harris County, Texas. The arbitrator shall: (i) have the authority to compel adequate discovery for the resolution of the dispute; (ii) issue a written arbitration decision, to include the arbitrator’s essential findings and conclusions and a statement of the award; and (iii) be authorized to award any or all remedies that Consultant or Castle would be entitled to seek in a court of law. Castle shall pay all JAMS arbitration fees in excess of the amount of court fees that would be required of Consultant if the dispute were decided in a court of law.   This Section shall not apply to any action or claim that cannot be subject to mandatory arbitration as a matter of law, to the extent such claims are not permitted by applicable law to be submitted to mandatory arbitration and such applicable law is not preempted by the Federal Arbitration Act  or otherwise invalid (collectively, the “Excluded Claims”).  In the event Consultant intends to bring multiple claims, including one of the Excluded Claims listed above, the Excluded Claims may be filed with a court, while any other claims will remain subject to mandatory arbitration.  Nothing in this Section is intended to prevent either Consultant or Castle from obtaining injunctive relief in court to prevent irreparable harm pending the conclusion of any such arbitration. Any final award in any arbitration proceeding hereunder may be entered as a judgment in the federal and state courts of any competent jurisdiction and enforced accordingly.

13.Attorneys’ Fees. In the event any legal action or agreed upon arbitration or mediation is instituted with respect to this Agreement or any obligation arising hereunder, the prevailing party shall be entitled to recover its reasonable attorneys’ fees and costs, and fees and costs of accountants and expert witnesses as determined by the court, arbitrator or mediator. Except as otherwise specifically provided herein, Castle and Consultant shall each pay their own fees and expenses incident to the negotiation, preparation, execution and performance of this Agreement, including without limitation, all fees and expenses of their own counsel, accountants and other advisers. 

14.Due Authority. Each party hereto represents and warrants that it has all necessary authority, power and right necessary to enter into and bind it, its principals and employees to the terms of this Agreement. 

15.No Waiver. No waiver of compliance by one party with any term or condition of this Agreement that such other party was or is obligated to comply with is effective unless in writing; provided that such waiver shall not operate as a waiver of, or estoppel with respect to, any other or subsequent failure. No failure to exercise and no delay in exercising any right, remedy or power hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy or power hereunder preclude any other or further exercise thereof or exercise of any other right, remedy or power provided herein or by law or in equity. 

16.Governing Law. The validity, performance, construction, interpretation, and effect of this Agreement shall be governed by and construed in accordance with the internal laws of the State of Texas (excluding its laws relating to conflicts of laws). 

17.Construction. Each party hereto has had an opportunity to review and revise this Agreement, so the rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation or construction of this Agreement. 

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18.Severability. If any provision of this Agreement, or the application thereof to any circumstance, person or place, shall be held by a court or other tribunal of competent jurisdiction to be invalid, unenforceable or void, the remainder of this Agreement and such provisions as applied to other circumstances, persons or places shall remain in full force and effect. 

19.Counterparts & Facsimile Signatures. This Agreement may be executed in counterparts, in which event all executed copies taken together or a copy with all of the signature pages attached thereto, shall constitute one and the same instrument, and shall become effective when one or more counterparts have been signed by each party and delivered to the other party. The facsimile or electronic transmission of signatures to this Agreement shall be valid, legal and binding on all parties hereto.

20.No Assignment. Consultant agrees that it will not assign, delegate or otherwise transfer, in whole or in part, directly or indirectly whether voluntarily, involuntarily, or by operation of law, any rights or obligations under this Agreement. Any purported assignment, transfer or delegation in violation of this Section shall be null and void. Subject to the foregoing limits on assignment, this Agreement shall be binding upon and inure to the benefit of the parties and their respective heirs, executors, administrators and permitted successors and assigns. This Agreement does not create and shall not be construed as creating any rights enforceable by any person not a party to this Agreement. 

21.Notices. All notices and other communications required or permitted under this Agreement shall be in writing and shall be delivered in person (in which case notice is deemed given when received the addressee) or sent by overnight air courier service (in which case notice shall be deemed given when received by addressee or on the second (2nd) day after the date of delivery to the courier, whichever is earlier), or by registered or certified mail, return receipt requested, postage prepaid and properly addressed (in which case notice shall be deemed given when received by the addressee or on the fifth (5th) day after the date of mailing, whichever is earlier), to the addresses set forth below, or such other address as a party may hereafter provide notice of to the other:

                    

									
	If to Consultant:
		Bernhard E. Spiess
		[***]

		[***]

		[***]

		[***]

		
	If to Castle:
		Castle Biosciences, Inc
		Keli Greenberg
		Executive Director, Human Resources
			3737 N. 7th Street, Suite 160
			Phoenix, AZ 85014
		[***]

		[***]

    

                    
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***Certain Confidential Information Omitted

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IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written. 

									
	CASTLE BIOSCIENCES, INC.		CONSULTANT
			
	/s/ Derek Maetzold		/s/ Bernhard Spiess
	Derek Maetzold, CEO		Bernhard E. Spiess

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Exhibit A

Hourly Rate:  $250.00
A.Scope of Work  
    
All assigned projects to be agreed to, in advance, by Frank Stokes, John Abbott, Kristen Oelschlager, Toby Juvenal Bob Cook or Derek Maetzold

It is anticipated that agreed to projects will include:
                             
1.[***]
2.[***]
3.[***]

Castle will endeavor to provide Consultant adequate lead time to ensure his availability.  There is no minimum monthly consultant time commitment. Consultant will inform Castle, to the best of his ability, of upcoming periods of unavailability.

Consultant agrees that the Services will be performed only by Bernhard E. Spiess.

B.Payment Terms:

Castle shall pay undisputed invoices within thirty (30) days of receipt of invoice, provided that Castle shall notify Consultant of any disputed invoices within thirty (30) days of receiving such invoice and shall pay any undisputed amounts.  Provided that Castle pays undisputed amounts, Consultant shall continue to conduct Services during which time the parties shall use commercially reasonable efforts to resolve the disputed amounts.  Castle’s obligation to pay for Services rendered prior to termination of the Agreement shall survive termination of this Agreement.

Any work required to be performed on site at Castle shall be billed at a minimum of 1.0 hours, with 1⁄4 hour increments thereafter.  Offsite work shall be billed in 1⁄4 hour increments.

C.Other Terms:

For all Services, Consultant shall:
1.Only use [***] for electronic communication inside and outside of Castle
2.Refer to his title as Business Consultant inside and outside of Castle

For personal computer use, Castle is providing a laptop to be used solely for Services during the Term of this Agreement.  Equipment is to be returned within forty-eight (48) hours upon Termination of this Agreement unless Consultant is traveling in which case Consultant shall return equipment based upon a commercially reasonable time to package and ship the equipment to Castle.

***Certain Confidential Information Omitted

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 Exhibit 10.1 

EXECUTION VERSION 

EMPLOYMENT AND NON-COMPETITION AGREEMENT 

EMPLOYMENT AND NON-COMPETITION AGREEMENT (this “Agreement’) dated as of
December 6, 2021, between PetIQ, LLC, an Idaho limited liability company (the “Company”), and Zvi Glasman (the “Employee”). 

WHEREAS, the Company and the Employee desire to enter into this Agreement in order to set forth the respective rights and obligations
of the parties with respect to the Employee’s employment with the Company. 
 NOW THEREFORE, in consideration of the mutual
covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

Section 1. Employment Period. 

Subject to terms and conditions of this Agreement, the Employee’s employment with the Company shall continue for a period commencing on
January 3, 2022 (“Effective Date”) and ending on the first (1st) anniversary of the Effective Date, unless earlier terminated in accordance with the terms hereof (the “Employment Period”). The
Employment Period shall be automatically extended for a twelve-month period unless either party gives notice to the other party of its intention to terminate this Agreement no later than sixty (60) days prior to the end of the then-existing
Employment Period. Except as provided herein, from and after the expiration of the Employment Period, the Employee will not be entitled to any rights or benefits (including, without limitation, any severance pursuant to this Agreement or any Company
program, policy or otherwise) other than payment of any earned but unpaid wages. 
 Section 2. Terms of Employment. 

(a) Position. During the Employment Period, the Employee shall serve as Chief Financial Officer of the Company and shall report to the
Chief Executive Officer of the Company (the “CEO”). The Employee shall, subject to the direction and supervision of the CEO, have supervision and control over, and responsibility for, such management and operational functions
of the Company currently assigned to such position and shall have such other powers and duties (including holding officer positions with the Company and one or more subsidiaries of the Company) as may from time to time be prescribed by the CEO
consistent with the Employee’s position as Chief Financial Officer of the Company. 
 (b) Full Time. During the Employment
Period and excluding any periods of vacation and sick leave to which the Employee is entitled, the Employee agrees to devote his full business time and efforts, to the best of his ability, experience and talent, to the business and affairs of the
Company; provided, however, that this sentence shall not be deemed to limit the Employee’s ability to fulfill his obligations under his consulting arrangement with Faraday Future Intelligent Electric Inc., which shall continue through
February 15, 2021. 

 (c) Compensation. 

(i) Base Salary. During the Employment Period, the Employee shall receive an annual base salary of $525,000, less applicable
withholdings, which annual base salary shall be subject to adjustment as determined by the Compensation Committee of the Board of Directors of PetIQ, Inc. (the “Compensation Committee”) (as so adjusted, the
“Annual Base Salary”), but not decreased unless in connection with a comparable decrease applicable to all similarly-situated executives, in which event (i) the Employee’s Annual Base Salary shall be restored at the
same time and to the same extent that base salaries of other similarly-situated executives are restored and (ii) the Employee shall be eligible for repayment of any Annual Base Salary to the same extent as other similarly-situated executives.
The Annual Base Salary shall be paid in accordance with the customary payroll practices of the Company, subject to applicable withholding and other payroll taxes. 

(ii) Bonuses. During the Employment Period, beginning for the 2022 calendar year (payable in 2023), the Employee shall
be eligible to participate in the Company’s annual cash bonus plan as determined by the Compensation Committee in its sole discretion. The Employee shall be eligible to receive an annual cash bonus (the “Annual Bonus”)
targeted as 100% of the Annual Base Salary, based upon personal performance and the Company meeting EBITDA targets. The Annual Bonus shall be paid as, when and if determined by the Compensation Committee, subject to applicable withholding and other
payroll taxes, and subject to Employee’s continued employment through the Annual Bonus payment date (except as otherwise expressly provided in Section 4(a) below). 

(iii) Equity-Based Compensation. 
  

	 	(1)	 During the Employment Period, the Employee shall be eligible to participate in, and receive awards of
equity-based compensation under, the PetIQ, Inc. 2017 Omnibus Incentive Plan or applicable successor plan, as determined by the Compensation Committee in its discretion. 

 

	 	(2)	 On the date hereof, the Employee shall receive (a) $400,000 of
non-qualified stock options and (b) $800,000 of restricted stock units, vesting on each of the first four anniversaries of the Effective Date, under the PetIQ, Inc. 2017 Omnibus Incentive Plan or applicable
successor plan. 

 (iv) Expenses. During the Employment Period, the Employee shall be entitled to
receive reimbursement for all reasonable and documented expenses incurred by the Employee in connection with the performance of his duties hereunder, in accordance with the policies, practices and procedures of the Company as in effect from time to
time. 
 (v) Vacation and Holidays. During the Employment Period, the Employee shall be entitled to paid holidays and
four (4) weeks’ paid vacation in accordance with the policies of the Company applicable to other employees of the Company generally. 

  
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 (vi) Benefits. The Employee shall be entitled to participate in such
employee benefit plans or programs in accordance with the policies of the Company applicable to other executive-level employees of the Company. 

Section 3. Termination of Employment. 

(a) Death or Disability. The Employee’s employment shall terminate automatically upon the Employee’s death. The Company may
also terminate the Employee’s employment due to Disability. For purposes of this Agreement, the Employee shall be deemed “Disabled” and shall be subject to termination due to Disability, if the Employee is unable to
perform the essential functions of his position, with or without reasonable accommodation, for any ninety (90) days during a period of one hundred eighty (180) consecutive days (excluding any days of paid vacation used by the Employee in
accordance with the Company’s paid time off policy), due to mental or physical disability as determined by a physician selected by the Company and reasonably acceptable to the Employee. If the Employee is Disabled, the Company may elect to
terminate the Employee’s employment hereunder by giving Notice of Termination (as defined below) to the Employee (such termination to be effective upon receipt of such notice); provided, however, that the Company may not terminate
the Employee’s employment unless, at the time the Company gives the Notice of Termination, the Employee continues to have a physical or mental disability that, in the opinion of a physician selected by Company and reasonably acceptable to the
Employee, may be expected to prevent the Employee from performing any of his duties hereunder for any period of time in excess of the ninety (90) days rendering him Disabled. The parties acknowledge and agree that the Company will suffer an
undue hardship under the circumstances set forth in the previous provision. 
 (b) Cause. The Employee’s employment may be
terminated at any time by the Company for Cause (as defined below) or Without Cause (as defined below). For purposes of this Agreement, “Cause” shall mean: (i) a breach by the Employee of any material provision of this
Agreement, which, if curable, is not cured within ten (10) days after the Employee’s receipt from the Company of written notice of such breach; (ii) any conduct, action or behavior by the Employee, whether or not in connection with
the Employee’s employment, including, without limitation, the commission of any felony or a lesser crime involving dishonesty, fraud, misappropriation, theft, wrongful taking of property, embezzlement, bribery, forgery, extortion or other crime
of moral turpitude, in each case, that has or may reasonably be expected to have a material adverse effect on the reputation or business of the Company, Holdings, or their respective subsidiaries and affiliates (the “Company
Group”) or which results in gain or personal enrichment of the Employee to the detriment of the Company Group; (iii) a governmental authority, including, without limitation, the Environmental Protection Agency or the Food and Drug
Administration, has prohibited the Employee from working or being affiliated with the Company Group or the business conducted thereby; (iv) the commission of any act by the Employee of gross negligence or malfeasance, or any willful violation
of law, in each case, in connection with the Employee’s performance of his duties with the Company Group; (v) failure to observe material policies generally applicable to employees after a written warning and a ten (10) day
opportunity to cure; (vi) breach of the Employee’s duty of loyalty to the Company Group; (vii) chronic absenteeism; or (viii) substance abuse, illegal drug use or habitual insobriety. “Without Cause” shall
mean a termination by the Company of the Employee’s employment during the Employment Period (including expiration of the Employment Period following a notice of non-extension by the Company) for any
reason or under any circumstances other than a termination based upon Cause, death or Disability. 

  
 - 3 - 

 (c) Notice of Termination. Any termination by the Company for Cause, Without Cause or
for Disability or by the Employee for any reason, shall be communicated by Notice of Termination to the other party hereto. For purposes of this Agreement, a “Notice of Termination” means a written notice which
(i) indicates the specific termination provision in this Agreement relied upon, (ii) to the extent applicable, sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Employee’s
employment under the provision so indicated and (iii) if the date of termination is other than the date of receipt of such notice, specifies the termination date (the “Termination Date”); provided, however, that in the
event of a termination by the Employee for any reason, the Notice of Termination need only indicate the Termination Date, which shall not be less than thirty (30) days after the date of receipt of the Notice of Termination. 

(d) Post-Termination Cooperation. The Employee agrees and covenants that, following the Employment Period, he shall, to the extent
reasonably requested in writing by the Company, cooperate in good faith with and assist the Company Group in the pursuit or defense of any claim, administrative charge, or cause of action by or against the Company Group as to which the Employee, by
virtue of his employment with the Company, has relevant knowledge or information, including by acting as the Company’s representative in any such proceeding and, without the necessity of a subpoena, providing truthful testimony in any
jurisdiction or forum, excluding any claim, charge or cause of action brought by the Company Group against the Employee. The Company shall reimburse the Employee for his reasonable
out-of-pocket expenses in complying with this Section 3(d). 

(e) Post-Termination Nonassistance. The Employee agrees and covenants that, following the Employment Period, he shall not voluntarily
assist, support, or cooperate with, directly or indirectly, any other person or entity alleging or pursuing or defending against any claim, administrative charge, or cause or action against or by the Company, as the case may be, including by
providing testimony or other information or documents, except under compulsion of law. Should the employee be compelled to testify, nothing in this Agreement is intended to, or shall prohibit the Employee from, providing complete and truthful
testimony. Nothing in this Agreement shall in any way prevent the Employee from cooperating with any investigation by any federal, state, or local governmental agency. 

Section 4. Obligations of the Company upon Termination. 

(a) Without Cause or For Good Reason. If the Company shall terminate the Employee’s employment during the Employment Period
Without Cause or if the Employee shall resign from the Company during the Employment Period for Good Reason (as defined below), then the Company shall provide the Employee with the following payments and/or benefits: 

(i) the Company shall pay to the Employee, in each case through the Termination Date: (A) a lump sum in the amount of the
Employee’s earned but unpaid Annual Base Salary, subject to applicable withholding and payroll taxes, which shall be paid no later than the next pay date following the Termination Date (in accordance with

  
 - 4 - 

 
the Company’s customary payroll practices), (B) a lump sum in the amount of any earned but unpaid Annual Bonus, subject to applicable withholding and payroll taxes, for a performance year
ending prior to the year in which the Termination Date occurs, which will be paid when otherwise payable, even if the Employee’s employment had terminated on or prior to that date, or, if later, as soon as reasonably practicable following the
expiration of the applicable revocation period for the general release described in Section 4(c) below; and (C) reimbursement for any unpaid reimbursable expenses incurred by the Employee, which shall be paid in accordance with the
Company’s policies, practices and procedures in effect as of the Termination Date, (collectively, “Accrued Obligations”); and 

(ii) subject to Section 4(c), the Company shall (A) continue to pay the Employee his Annual Base Salary in accordance
with customary payroll practices (and subject to customary withholding and payroll taxes) for twelve (12) months from the Termination Date, and (B) pay a pro rata portion of the Annual Bonus based on actual performance (as determined by
the Compensation Committee in its sole discretion, but with any individual or subjective performance criteria being deemed met) for the fiscal year in which such termination occurs, determined by multiplying the amount of the Annual Bonus that would
have been earned based on actual Company performance for the full calendar year by a fraction, the numerator of which is the number of days the Employee remained employed during the calendar year in which the termination occurs, and the denominator
of which is 365, paid at the same time annual bonuses are generally paid to similarly-situated executives (the “Severance Payment”); provided, that no installment or portion of the Severance Payment shall be payable or paid
prior to the expiration of the applicable revocation period for the general release described in Section 4(c) below. 
 For purposes of
this Agreement, “Good Reason” means, without the Employee’s prior written consent, (A) a reduction in the Annual Base Salary, other than a reduction of less than ten percent (10%) in connection with a comparable
decrease applicable to all similarly-situated executives of the Company and in accordance with the terms of this Agreement; (B) a material diminution in the Employee’s duties, authority or responsibilities of employment (including, without
limitation, a requirement for the Employee to report to anyone other than the CEO of the Company); or (C) the Company’s breach of any material provision of this Agreement; provided, in each case, that the Employee has given the Company
written notice detailing the specific circumstances alleged to constitute Good Reason within sixty (60) calendar days after the first occurrence of such circumstances, and the Company shall have thirty (30) calendar days following receipt
of such notice to cure such circumstances in all material respects; provided further, that no termination due to Good Reason shall occur after the one-hundred twentieth (120th) calendar day following the first
occurrence of any grounds for Good Reason. 
 (b) Cause; Death; Disability; By the Employee without Good Reason; Expiration of Employment
Period by Employee Non-Renewal. If the Employee’s employment shall be terminated due to the Employee’s death or Disability, by the Company for Cause, by the Employee other than for Good Reason or
upon the expiration of the Employment Period following a notice of non-extension by the Employee, then the Company shall have no further payment obligations to the Employee (or his estate or legal
representative if applicable, in the case of death or Disability) other than for payment of the Accrued Obligations. 

  
 - 5 - 

 (c) Condition; Remedies. The Employee acknowledges and agrees that the Company’s
obligations pursuant to this Section 4 (other than with respect to the Accrued Obligations or as otherwise required by law) are conditioned on the execution and delivery by the Employee (or, if applicable, his executor, administrator or legal
representative) of a general release in form and substance satisfactory to the Company within thirty (30) days following the Termination Date, and in the absence of the execution and delivery of such a timely general release or if such general
release is subsequently revoked by the Employee, the Company shall have no obligation to make any such payments. The Company shall not have any obligation to make any payments whatsoever to the Employee with respect to his employment by the Company,
or the termination of his employment, other than as set forth in this Agreement, and any and all rights of the Employee to any compensation or benefits in connection with his employment shall automatically and immediately terminate upon the
termination of his employment, and the Employee covenants and agrees not to assert or pursue any other remedies, at law or in equity, with respect to any termination of employment. Notwithstanding anything to the contrary in this Agreement, if the
payments set forth in Section 4(a)(ii) are subject to Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and the timing of the Employee’s execution and delivery of the general release
could affect the calendar year in which such payments commence because the Termination Date occurs within thirty (30) days prior to the end of a calendar year, then no portion of such payments shall be made until the Company’s first
payroll payment date in the year following the year in which the Termination Date occurs, and any amount that is not paid prior to such date due to such restriction shall be paid (subject to the applicable conditions) on that date. 

(d) Resignation upon Termination. Notwithstanding anything to the contrary contained herein, upon termination of the Employee’s
employment for any reason or under any circumstance, the Employee shall be deemed to have given the Company notice of his resignation from any and all positions as officer of the Company and its subsidiaries and, if the Employee was terminated for
Cause, as a member of the PetIQ, Inc. Board of Directors or other similar governing body of the Company and its subsidiaries, to the extent applicable. 

(e) Return of Company Property. Upon termination of the Employee’s employment for any reason or under any circumstances, the
Employee shall return any and all of the property of the Company Group (including, without limitation, all computers, keys, credit cards, identification tags, documents, data, Confidential Information (as defined below) and Work Product (as defined
below) and other proprietary materials) and all other materials. 
 Section 5. Non-Compete; Non-Solicitation. 
 (a) Non-Compete. The Employee
agrees that during the Employment Period, including any period of automatic extension of the Employment Period, and for a period of twelve (12) months thereafter (the “Restricted Period”), the Employee agrees that he
shall not, and shall not permit his respective affiliates to, directly or indirectly through another person, engage in a Competitive Business (defined below) by providing any services similar to those provided during employment for the Company,
including without limitation any business management, strategic planning, or sales services, advice, or expertise, or any related services, in any geographic location in which the Company Group is engaged in business, which includes the United
States (the “Geographic Area”). For purposes of this Agreement, “Competitive Business” shall mean any 

  
 - 6 - 

 
business that is engaged in the acquisition, distribution, marketing, sale, resale, manufacture or production of veterinary pet prescription and over-the-counter pet medications or related pet products, and providing preventative pet care and veterinarian services, and all matters and services incidental or related thereto, or any other business in
competition with the business conducted by (or actively being contemplated by) the Company Group. 
 (b)
Non-Solicitation. 
 (i) The Employee agrees that during the Employment
Period, including any period of automatic extension of the Employment Period, and during the Restricted Period, the Employee shall not, and shall not permit his respective affiliates to, directly or indirectly through another person within the
Geographic Area, to hire any employee or independent contractor of the Company Group, or solicit, induce, recruit or encourage any such employee or independent contractor to leave the employ of, or reduce the services provided to, the Company Group,
or encourage or attempt to do any of the foregoing, either for the Employee’s own purposes or for any other person or entity. 

(ii) During the Employment Period, including any period of automatic extension of the Employment Period, and during the
Restricted Period, the Employee agrees that he shall not, and shall not permit his respective affiliates to, directly or indirectly through another person within the Geographic Area, (A) solicit, interfere with, subvert, disrupt or alter the
relationship, contractual or otherwise, between the Company Group and any client, customer, contractor, vendor, supplier, licensor or licensee of the Company Group, or any prospective client, customer, contractor, vendor, supplier, licensor or
licensee of the Company Group, (B) divert or take away or attempt to divert or take away the business or patronage (with respect to products or services of the kind or type developed, produced, marketed, furnished or sold by the Company) of any
of the clients, customers or accounts, or prospective clients, customers or accounts, of the Company, or (C) encourage or attempt to do any of the foregoing, either for the Employee’s own purposes or for any other person or entity. 

(c) Acknowledgments. Employee acknowledges that the restrictions set forth in Sections 5(a) and 5(b) are fair and reasonable in all
respects. Without limiting the foregoing, Employee makes the following acknowledgments: 
 (i) Employee will, by virtue of
Employee’s position with the Company, have and gain a high level of inside knowledge regarding the Company Group and its business, and as a result, will have the ability to harm or threaten its legitimate business interests, including without
limitation, its goodwill, technologies, intellectual property, business plans, processes, methods of operation, customers, customer lists, referral sources, vendors and vendor contracts, financial and marketing information, and other trade secrets.

 (ii) Employee will provide services or have significant presence or influence on behalf of the Company Group within the
entire Geographic Area due to the nature of the Company Group’s business, which is conducted extensively’ throughout the Geographic Area. 

  
 - 7 - 

 (iii) Employee has received sufficient consideration in exchange for the
covenants made herein. 
 Section 6. Nondisclosure and Nonuse of Confidential Information. 

(a) The Employee will not disclose or use at any time, either during the Employment Period or thereafter, any Confidential Information (as
hereinafter defined) of which the Employee is or becomes aware, whether or not such information is developed by him, except to the extent that such disclosure or use is directly related to and required by the Employee’s performance in good
faith of duties assigned to the Employee by the Company or has been expressly authorized by the CEO or his designee; provided, however, that this sentence shall not be deemed to prohibit the Employee from complying with any subpoena,
order, judgment or decree of a court or governmental or regulatory agency of competent jurisdiction (an “Order”); provided, further, however, that (i) the Employee agrees to provide the Company with
prompt written notice of any such Order and to assist the Company, at the Company’s expense, in asserting any legal challenges to or appeals of such Order that the Company in its sole discretion pursues, and (ii) in complying with any such
Order, the Employee shall limit his disclosure only to the Confidential Information that is expressly required to be disclosed by such Order. The Employee will take all appropriate steps to safeguard Confidential Information and to protect it
against disclosure, misuse, espionage, loss and theft. The Employee shall deliver to the Company at the termination of the Employment Period, or at any time the Company may request, all memoranda, notes, plans, records, reports, electronic
information, files and software and other documents and data (and copies thereof) relating to the Confidential Information or the Work Product (as hereinafter defined) of the business of the Company Group which the Employee may then possess or have
under his control. 
 (b) As used in this Agreement, the term “Confidential Information” means information that is
not generally known to the public (including the existence and content of this Agreement, except that the Employee shall have the right to disclose the existence and content of this Agreement to his spouse, legal advisors and financial advisors) and
that is used, developed or obtained by the Company Group in connection with its business, including, but not limited to, information, observations and data obtained by the Employee while employed by the Company Group or any predecessors thereof
(including those obtained prior to the date of this Agreement) concerning (i) the business or affairs of the Company or any of its subsidiaries (or such predecessors), (ii) products or services, (iii) fees, costs and pricing structures,
(iv) designs, (v) analyses, (vi) drawings, photographs and reports, (vii) computer software and hardware, including operating systems, applications and program listings, (viii) flow charts, manuals and documentation,
(ix) databases and data, (x) accounting and business methods, (xi) inventions, devices, new developments, methods and processes, whether patentable or unpatentable and whether or not reduced to practice, (xii) customers and
clients and customer or client lists, (xiii) other copyrightable works, (xiv) all production methods, processes, technology and trade secrets, and (xv) all similar and related information in whatever form. Confidential Information
will not include any information that is publicly known and made generally available through no wrongful act of the Employee or others who were under confidentiality obligations as to the information involved. Confidential Information will not be
deemed to have been published merely because individual portions of the information have been separately published, but only if all material features comprising such information have been published in combination. 

  
 - 8 - 

 (c) For the avoidance of doubt, Section 6(a) does not prohibit or restrict Employee (or
Employee’s attorney) from responding to any inquiry about the Agreement or its underlying facts and circumstances by the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), any other self-regulatory
organization or governmental entity, or making other disclosures that are protected under the whistleblower provisions of federal law or regulation. Employee understands and acknowledges that he does not need the prior authorization of the Company
to make any such reports or disclosures and that he is not required to notify the Company that he has made such reports or disclosures. 

(d) Notwithstanding anything in Section 6(a) or elsewhere in the Agreement to the contrary, Employee understands that Employee may,
without informing the Company prior to any such disclosure, disclose Confidential Information (i) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney, solely for the purpose of
reporting or investigating a suspected violation of law or (ii) in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. Additionally, without informing the Company prior to any such
disclosure, if Employee files a lawsuit against the Company for retaliation for reporting a suspected violation of law, Employee may disclose Confidential Information to his attorney and use the Confidential Information in the court proceeding or
arbitration, provided that Employee files any document containing the Confidential Information under seal and does not otherwise disclose the Confidential Information, except pursuant to court order. Without prior authorization of the Company,
however, the Company does not authorize Employee to disclose to any third party (including any government official or any attorney Employee may retain) any communications that are covered by the Company’s attorney-client privilege. 

Section 7. Property; Inventions and Patents. 

(a) The Employee has attached hereto, as Schedule A, a list describing any Inventions (as defined below), which belong to the Employee,
which were made by the Employee prior to his employment with the Company, which relate to the Company Group and which are not assigned to the Company under this Agreement (the “Prior Inventions”). The Employee agrees that all
inventions, innovations, improvements, technical information, systems, software developments, methods, designs, analyses, drawings, reports, service marks, trademarks, trade names, logos, products, equipment and all similar or related information
and materials (whether patentable or unpatentable) (collectively, “Inventions”) which relate to the Company Group’s actual or anticipated business, research and development or existing or future products or services and
which are conceived, developed or made by the Employee (whether or not during usual business hours and whether or not alone or in conjunction with any other person) while employed (if and to the extent such Inventions result from any work performed
for the Company, any use of the Company’s premises or property or any use of the Company’s Confidential Information) by the Company (including those conceived, developed or made prior to the date of this Agreement) together with all patent
applications, letters patent, trademark, tradename and service mark applications or registrations, copyrights and reissues thereof that may be granted for or upon any of the foregoing (collectively referred to herein as, the “Work
Product”), excluding all Prior Inventions, belong in all instances to the Company or such affiliate. To the extent that any of the Prior Inventions are incorporated into the product, process or machine of the Company or any affiliate by
the Employee, the Company is hereby granted and shall have a nonexclusive, royalty-

  
 - 9 - 

 
free, irrevocable, perpetual, transferable, sublicensable, worldwide license to make, have made, modify, use and sell such Prior Invention as a part of or in connection with such product, process
or machine. The Employee will promptly disclose such Work Product to the Company’s General Counsel or his designee and perform all actions reasonably requested by the Company’s General Counsel or his designee (whether during or after the
Employment Period) to establish and confirm the Company’s ownership of such Work Product (including, without limitation, the execution and delivery of assignments, consents, powers of attorney and other instruments) and to provide reasonable
assistance to the Company Group (whether during or after the Employment Period) in connection with the prosecution of any applications for patents, trademarks, trade names, service marks or reissues thereof or in the prosecution or defense of
interferences relating to any Work Product. The Employee recognizes and agrees that the Work Product, to the extent copyrightable, constitutes works for hire under the copyright laws of the United States and that to the extent Work Product
constitutes works for hire, the Work Product is the exclusive property of the Company, and all right, title and interest in the Work Product vests in the Company. To the extent Work Product is not works for hire, the Work Product, and all of the
Employee’s right, title and interest in Work Product, including without limitation every priority right, is hereby assigned to the Company. 

(b) Employee hereby represents and warrants that the patents and other assets owned by Employee set forth on Schedule A are not related
in any way to the Company Group, except as stated therein. For the avoidance of doubt, if any invention (i) is developed by Employee entirely on his own time without using the Company’s equipment, supplies, facilities or trade secret
information and (ii) does not either (1) relate to the Company’s business (or actual or demonstrably anticipated research or development) at the time of conception or reduction to practice of the invention or (2) result from any
work performed by Employee for the Company, such invention shall not be deemed to be Work Product for purposes of this Agreement and shall not be subject to the provisions hereof relating to Work Product. 

(c) The Employee shall assist and cooperate fully with the Company and its affiliates in obtaining for the Company and its affiliates the
grant of letters patent, copyrights and any other intellectual property rights relating to the Work Product in the United States and/or such other countries as the Company and its affiliates may designate. With respect to Work Product, the Employee
shall, during the Employment Period and at any time thereafter, execute all applications, statements, instruments of transfer, assignment, conveyance or confirmation, or other documents, furnish all such information to the Company and its affiliates
and take all such other appropriate lawful actions as the Company and its affiliates requests. 
 Section 8. Acknowledgement and
Enforcement. 
 (a) Employee acknowledges that he has become familiar, or will become familiar with the trade secrets of the members of
the Company Group and with other confidential and proprietary information concerning members of the Company Group and their respective predecessors, successors, customers and suppliers, and that his services are of special, unique and extraordinary
value to the Company. Employee acknowledges and agrees that the Company would not enter into this Agreement, providing for compensation and other benefits to Employee on the terms and conditions set forth herein but for Employee’s agreements
herein (including those set forth in Sections 5, 6, and 7 herein). Furthermore, Employee acknowledges and agrees that the 

  
 - 10 - 

 
Company will be providing Employee with additional special knowledge after the Effective Date, with such special knowledge to include additional Confidential Information and trade secrets.
Employee agrees that the covenants set forth in Sections 5, 6, and 7 (collectively, the “Restrictive Covenants”) are reasonable and necessary to protect the Company Group’s trade secrets and other Confidential Information,
proprietary information, goodwill, stable workforce and customer relations. 
 (b) Without limiting the generality of Employee’s
agreement with the provisions of Section 8(a), Employee (i) represents that he is familiar with and has carefully considered the Restrictive Covenants, (ii) represents that he is fully aware of his obligations hereunder,
(iii) agrees to the reasonableness of the length of time, scope and geographic coverage, as applicable, of the Restrictive Covenants, (iv) agrees that the Company currently conducts business throughout the Restricted Area and
(v) agrees that the Restrictive Covenants will continue in effect for the applicable periods set forth above regardless of whether Employee is then entitled to receive severance pay or benefits from the Company. Employee believes that he has
received and will receive sufficient consideration and other benefits as an employee of the Company and as otherwise provided hereunder or as described in the recitals hereto to clearly justify such restrictions. 

(c) Because the Employee’s services are special, unique and extraordinary and because the Employee has access to Confidential Information
and Work Product, the parties hereto agree that money damages would be an inadequate remedy for any breach of this Agreement, including the Restrictive Covenants set forth herein. Therefore, in the event of a breach or threatened breach of this
Agreement, or any Restrictive Covenant herein. the Company Group and its successors or assigns may, in addition to other rights and remedies existing in their favor at law or in equity, apply to any court of competent jurisdiction for specific
performance and/or injunctive or other relief in order to enforce, or prevent any violations of, the provisions hereof (without posting a bond or other security). 

Section 9. Assurances by the Employee. 

The Employee represents and warrants to the Company that he may enter into this Agreement and fully perform all of his obligations under this
Agreement and as an employee of the Company without breaching, violating, or conflicting with (i) any judgment, order, writ, decree, or injunction of any court, arbitrator, government agency, or other tribunal that applies to the Employee or
(ii) any agreement, contract, obligation, or understanding to which the Employee is a party or may be bound. 
 Section 10. Non-Disparagement. 
 The Employee agrees that he will not make, or cause to be made, any statement,
observation, or opinion, or communicate any information (whether oral or written), to any person other than the CEO or his designee, the Company’s Human Resource Director, the Company’s General Counsel, or PetIQ, Inc.’s Board of
Directors, that disparages the Company Group, or is likely in any way to harm the business or the reputation of the Company Group, or any of their respective former, present or future managers, directors, officers, members, stockholders or
employees. The Company agrees that it shall direct its executive officers and directors to refrain 

  
 - 11 - 

 
from making, or causing to be made, any statement, observation, or opinion, or communicate any information (whether oral or written) to any third parties that disparages the Employee, or is
likely in any way to harm the business prospects or the reputation of the Employee, provided that neither the Company nor any of its executive officers and directors shall be required to make any untruthful statement or to violate any law. 

Section 11. Termination of Severance Payments. 

In addition to the foregoing, and not in any way in limitation thereof or in limitation of any right or remedy otherwise available to the
Company, if the Employee violates any material provision of this Agreement, (i) the provisions set forth in Section 4(a)(ii), and the Company’s obligations thereunder, shall be terminated and of no further force or effect, without
limiting or affecting the Employee’s obligations under Sections 5, 6, 7, or 10, or the Company’s other rights and remedies available at law or equity and (ii) the Employee shall promptly pay the Company any amounts received pursuant
to Section 4(a)(ii). 
 Section 12. General Provisions. 

(a) Severability. It is the desire and intent of the parties hereto that the provisions of this Agreement be enforced to the fullest
extent permissible under the laws and public policies applied in each jurisdiction in which enforcement is sought, Accordingly, if any particular provision of this Agreement shall be adjudicated by a court of competent jurisdiction or arbitrator to
be invalid, prohibited or unenforceable for any reason, such provision, as to such jurisdiction, shall be ineffective, without invalidating the remaining provisions of this Agreement or affecting the validity or enforceability of such provision in
any other jurisdiction. Notwithstanding the foregoing, if such provision could be more narrowly drawn so as not to be invalid, prohibited or unenforceable in such jurisdiction, it shall, as to such jurisdiction, be so narrowly drawn, without
invalidating the remaining provisions of this Agreement or affecting the validity or enforceability of such provision in any other jurisdiction. 

(b) Entire Agreement. This Agreement embodies the complete agreement and understanding among the parties hereto with respect to the
subject matter hereof and supersedes and preempts any prior understandings, agreements or representations by or among the parties, written or oral, which may have related to the subject matter hereof in any way, including, but not limited to, all
prior employment agreements, offer letters, and term sheets describing the terms and conditions of employment of the Employee, including, without limitation, that certain Offer Letter, dated as of November 17, 2021, by and between the Company
and the Employee; provided that, this Agreement shall not supersede any confidentiality, intellectual property assignment, non-competition, and non-solicitation
covenants contained in any other agreement to which Employee is a party. 
 (c) Counterparts. This Agreement may be executed in two
(2) or more counterparts (delivery of which may be by facsimile or via email as a portable document format (.pdf)), each of which will be deemed an original, and it will not be necessary in making proof of this Agreement or the terms of this
Agreement to produce or account for more than one (1) of such counterparts. 

  
 - 12 - 

 (d) Successors and Assigns: Beneficiaries. This Agreement is personal to the Employee
and without the prior written consent of the Company shall not be assignable by the Employee. The obligations of the Employee hereunder shall be binding upon Employee’s heirs, administrators, executors, assigns and other legal representatives.
This Agreement shall be binding upon and shall inure to the benefit of and be enforceable by the Company’s successors and assigns. 

(e) Governing Law. THIS AGREEMENT, AND THE TERMS AND CONDITIONS HEREUNDER, SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF IDAHO, EXCEPT WITH RESPECT TO SECTION 12(k) HEREOF, WHICH SHALL BE GOVERNED BY THE FEDERAL ARBITRATION ACT. 
 (f)
Amendment and Waiver. Subject to Section 12(a) hereof, the provisions of this Agreement may be amended and waived only with the prior written consent of the Employee and the Company, and no course of conduct or failure or delay in
enforcing the provisions of this Agreement shall be construed as a waiver of such provisions or affect the validity, binding effect or enforceability of this Agreement or any provision hereof. 

(g) Notices. All notices, requests, demands, claims, consents and other communications which are required or otherwise delivered
hereunder shall be in writing and shall be deemed to have been duly given if (i) personally delivered or transmitted by electronic mail, (ii) sent by nationally recognized overnight courier, (iii) mailed by registered or certified
mail with postage prepaid, return receipt requested, or (iv) transmitted by facsimile to the parties hereto at the following addresses (or at such other address for a party as shall be specified by like notice): 

(i) if to the Company, to: 

PetIQ, LLC 
 230 E. Riverside
Dr. 
 Eagle, ID 83616 

Attention: General Counsel 

Email: legal@petiq.com 
 (ii) if
to the Employee, to his address set forth on the signature page hereto; 
 or to such other address as the party to whom such notice or
other communication is to be given may have furnished to each other party in writing in accordance herewith. Any such notice or communication shall be deemed to have been received (i) when delivered, if personally delivered or transmitted by
electronic mail, with receipt acknowledgment by the recipient by return electronic mail, (ii) when sent, if sent by facsimile on a business day during normal business hours (or, if not sent on a business day during normal business hours, on the
next business day after the date sent by facsimile), (iii) on the next business day after dispatch, if sent by nationally recognized, overnight courier guaranteeing next business day delivery, and (iv) on the fifth (5th) business day following the date on which the piece of mail containing such communication is posted, if sent by mail. 

  
 - 13 - 

 (h) Descriptive Headings. The descriptive headings of this Agreement are inserted for
convenience only and do not constitute a part of this Agreement. 
 (i) Construction. Where specific language is used to clarify by
example a general statement contained herein, such specific language shall not be deemed to modify, limit or restrict in any manner the construction of the general statement to which it relates. The language used in this Agreement shall be deemed to
be the language chosen by the parties to express their mutual intent, and no rule of strict construction shall be applied against any party. 

(j) Arbitration; Waiver of Jury Trial. With the exception of equitable relief as noted in Section 8 hereof, any controversy or
claim arising out of or relating to this Agreement or the breach thereof (including, without limitation, as to arbitrability and any disputes with respect to Employee’s employment with the Company or the termination of such employment,
including, without limitation, any claim for alleged discrimination, harassment or retaliation on the basis of race, sex, color, national origin, sexual orientation, age, religion, creed, marital status, veteran status, alienage, citizenship,
disability or handicap, or any other legally protected status, and any alleged violation of any federal, state, or other governmental law, statute or regulation, including, but not limited to, claims arising under Title VII of the Civil Rights Act
of 1964, other civil rights statutes including, without limitation, 42 U.S.C. § 1981, 42 U.S.C. § 1982, and 42 U.S.C. § 1985, the Age Discrimination in Employment Act, the Americans with Disabilities Act, the Family and Medical Leave
Act, the Worker Adjustment and Retraining Notification Act, the Employee Retirement Income Security Act, the Occupational Safety and Health Act, the Immigration Reform and Control Act, or any state or local law, as amended), shall be settled by
individual arbitration (as opposed to class or collective arbitration) administered before JAMS (the “Arbitrator”) under the common rules then pertaining. The arbitration hearing shall commence within ninety
(90) calendar days after the Arbitrator is selected, unless the Company and the Employee mutually agree to extend this time period. The arbitration shall take place in the State of Idaho. The Arbitrator will have full power to give directions
and make such orders as the Arbitrator deems just, and to award all remedies that would be available in court. Nonetheless, the Arbitrator explicitly shall not have the authority, power, or right to alter, change, amend, modify, add, or subtract
from any provision of this Agreement, except pursuant to Section 12(a). The Arbitrator shall issue a written decision that sets forth the essential findings and conclusions upon which the Arbitrator’s award or decision is based within
thirty (30) days after the conclusion of the arbitration hearing. The award rendered by the Arbitrator shall be final and binding (absent fraud or manifest error), and any arbitration award may be enforced by judgment entered or vacated in any
court of competent jurisdiction. Each party shall be responsible for its own attorneys’ fees and expenses relating to such action, and in any action by an employee alleging a civil rights or statutory cause of action, the Company shall pay the
filing fees and costs of the arbitration, provided that the arbitrator may grant any remedy or relief that a party could obtain from a court of competent jurisdiction on the basis of such claims. 

(k) Nouns and Pronouns. Whenever the context may require, any pronouns used herein shall include the corresponding masculine, feminine
or neuter forms, and the singular form of nouns and pronouns shall include the plural and vice-versa. 

  
 - 14 - 

 (l) 409A Compliance. To the extent any provision of this Agreement or action by the
Company would subject the Employee to liability for interest or additional taxes under Section 409A of the Code, it shall be deemed null and void, to the extent permitted by law and deemed advisable by the Company. It is intended that this
Agreement will comply with Code Section 409A and the interpretive guidance thereunder, including the exceptions for short-term deferrals, separation pay arrangements, reimbursements, and in-kind
distributions, and this Agreement shall be administered accordingly, and interpreted and construed on a basis consistent with such intent. All references in this Agreement to the Employee’s termination of employment shall mean a
“separation from service” within the meaning of Code Section 409A and Treasury Regulation Section 1.409A-1(h)(1)(ii). Notwithstanding anything to the contrary herein, if the Employee is a
“specified employee” as defined in Code Section 409A, any portion of the amounts payable under this Agreement as a result of a termination of employment that are not eligible for any of the exceptions to the application of Code
Section 409A (such as the severance pay exception or the short-term deferral exception), shall not be paid to the Employee until the earlier of (i) the expiration of the six (6)-month period measured from the date of the Employee’s
“separation from service” or (ii) the Employee’s death. Any series of payments hereunder shall be considered a series of separate payments for purposes of Code Section 409A. To the extent any reimbursements or in-kind benefit payments under this Agreement are subject to Code Section 409A, such reimbursements and in-kind benefit payments shall be made in accordance with Treasury
Regulation §1.409A-3(i)(1)(iv) (or any similar or successor provisions). This Agreement may be amended to the extent necessary (including retroactively) by the Company in order to preserve compliance with
Code Section 409A. The preceding shall not be construed as a guarantee of any particular tax effect for the Employee’s compensation and benefits and the Company does not guarantee that any compensation or benefits provided under this
Agreement will satisfy the provisions of Code Section 409A. 
 (m) Survival. For the avoidance of doubt, the obligations of the
Employee under Sections 3(d), 3(e), 4(d), 4(e), and 5-11 (and all subsections thereto) shall survive the end of the Employment Period or the termination of this Agreement or the Employee’s employment for
any reason (whether such termination is by the Company, by, the Employee, or otherwise). 
 [signature page follows] 

  
 - 15 - 

 IN WITNESS WHEREOF, the parties hereto have executed this Employment Agreement as of
the date first written above. 
  

			
	PETIQ, LLC
		
	By:	 	 /s/ McCord Christensen

		 	Name: McCord Christensen
		 	Title: Chief Executive Officer
	
	EMPLOYEE
	
	 /s/ Zvi Glasman

	Zvi Glasman
		
	Address:	 	 230 E. Riverside Dr.

		 	 Eagle, ID 83616

		 	  

 Signature Page to Employment Agreement 

 SCHEDULE A 

LIST OF PRIOR INVENTIONS 

AND ORIGINAL WORKS OF AUTHORSHIP 
  

					
	 Title
	  	Date	  	Identifying Number or Brief Description

  

			
		
	Signature of Employee:	 	 /s/ Zvi Glasman

		
	Print Name of Employee:	 	Zvi Glasman
		
	Date: December 6, 2021	 	

  
 A-1

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