Document:

EX-10.17

 Exhibit 10.17 

INDEMNIFICATION AGREEMENT 

This Indemnification Agreement (this “Agreement”) is entered into as of
[                ], 20[    ] (the “Effective Date”) by and between F45 Training Holdings Inc., a Delaware corporation (the
“Company”), and [                    ] (the “Indemnitee”). 

RECITALS 
 WHEREAS, the
Board of Directors has determined that the inability to attract and retain qualified persons as directors and officers is detrimental to the best interests of the Company’s stockholders and that the Company should act to assure such persons
that there shall be adequate certainty of protection through insurance and indemnification against risks of claims and actions against them arising out of their service to and activities on behalf of the Company; 

WHEREAS, the Company has adopted provisions in its Bylaws providing for indemnification and advancement of expenses of its directors and
officers as authorized by the General Corporation Law of the State of Delaware (as the same exists or may hereafter be amended, the “DGCL”), and the Company wishes to clarify and enhance the rights and obligations of the Company and
the Indemnitee with respect to indemnification and advancement of expenses; 
 WHEREAS, in order to induce and encourage highly experienced
and capable persons such as the Indemnitee to serve as directors and officers of the Company and in any other capacity with respect to the Company as the Company may request, and to otherwise promote the desirable end that such persons shall resist
what they consider unjustified lawsuits and claims made against them in connection with the good faith performance of their duties to the Company, with the knowledge that certain costs, judgments, penalties, fines, liabilities, and expenses incurred
by them in their defense of such litigation are to be borne by the Company and they shall receive appropriate protection against such risks and liabilities, the Board of Directors of the Company has determined that the following Agreement is
reasonable and prudent to promote and ensure the best interests of the Company and its stockholders; and 
 WHEREAS, the Company desires to
have the Indemnitee serve as a director or officer of the Company and in any other capacity with respect to the Company as the Company may request, as the case may be, free from undue concern for unpredictable, inappropriate, or unreasonable legal
risks and personal liabilities by reason of the Indemnitee acting in good faith in the performance of the Indemnitee’s duty to the Company; and the Indemnitee desires to so serve the Company, provided, and on the express condition, that
he or she is furnished with the protections set forth hereinafter. 
 AGREEMENT 

NOW, THEREFORE, in consideration of the Indemnitee’s service as a director or officer of the Company, the parties hereto agree as
follows: 
 1.    Definitions. For purposes of this Agreement: 

 (a)    A “Change in Control” will be deemed to have
occurred if, with respect to any particular 24-month period, the individuals who, as of the later of (i) the date of the initial public offering of the Company’s common stock, par value $0.0001 per
share, and (ii) the beginning of such 24-month period, constituted the Board of Directors of the Company (the “Incumbent Board”) cease for any reason to constitute at least a majority of
the Board of Directors; provided, however, that any individual becoming a director subsequent to such date whose election, or nomination for election by the stockholders of the Company, was approved by a vote of at least a majority of
the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an
actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a person other than the Board of Directors. 

(b)    “Disinterested Director” means a director of the Company who is not or was not a party to the
Proceeding in respect of which indemnification is being sought by the Indemnitee. 
 (c)    “Expenses”
includes, without limitation, expenses incurred in connection with the defense or settlement of any action, suit, arbitration, alternative dispute resolution mechanism, investigation, inquiry, judicial, administrative, or legislative hearing, or any
other threatened, pending, or completed proceeding, whether brought by or in the right of the Company or otherwise, including any and all appeals, whether of a civil, criminal, administrative, legislative, investigative, or other nature,
attorneys’ fees, witness fees and expenses, fees and expenses of accountants and other advisors, retainers and disbursements and advances thereon, the premium, security for, and other costs relating to any bond (including cost bonds, appraisal
bonds, or their equivalents), and any expenses of establishing a right to indemnification or advancement under Sections 9, 11, 13, and 16 hereof, but shall not include the amount of judgments, fines, ERISA excise taxes, or penalties actually
levied against the Indemnitee, or any amounts paid in settlement by or on behalf of the Indemnitee. 

(d)    “Independent Counsel” means a law firm or a member of a law firm that neither is presently nor in
the past five years has been retained to represent (i) the Company or the Indemnitee in any matter material to either such party or (ii) any other party to the Proceeding giving rise to a request for indemnification hereunder.
Notwithstanding the foregoing, the term “Independent Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or
the Indemnitee in an action to determine the Indemnitee’s right to indemnification under this Agreement. 

(e)    “Proceeding” means any action, suit, arbitration, alternative dispute resolution mechanism,
investigation, inquiry, judicial, administrative, or legislative hearing, or any other threatened, pending, or completed proceeding, whether brought by or in the right of the Company or otherwise, including any and all appeals, whether of a civil,
criminal, administrative, legislative, investigative, or other nature, to which the Indemnitee was or is a party or is threatened to be made a party or is otherwise involved in by reason of the fact that the Indemnitee is or was a director, officer,
employee, agent, or trustee of the Company or while a 

  
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director, officer, employee, agent, or trustee of the Company is or was serving at the request of the Company as a director, officer, employee, agent, or trustee of another corporation or of a
partnership, joint venture, trust, or other enterprise, including service with respect to an employee benefit plan, or by reason of anything done or not done by the Indemnitee in any such capacity, whether or not the Indemnitee is serving in such
capacity at the time any expense, liability, or loss is incurred for which indemnification or advancement can be provided under this Agreement. 

2.    Service by the Indemnitee. The Indemnitee shall serve as a director or officer of the Company faithfully and
to the best of the Indemnitee’s ability so long as the Indemnitee is duly elected and qualified and until such time as the Indemnitee’s successor is elected or appointed or the Indemnitee is removed as permitted by applicable law or
tenders a resignation in writing. 
 3.    Indemnification and Advancement of Expenses. The Company shall
indemnify and hold harmless the Indemnitee, and shall pay to the Indemnitee in advance of the final disposition of any Proceeding all Expenses incurred by the Indemnitee in defending any such Proceeding, to the fullest extent authorized by the DGCL,
all on the terms and conditions set forth in this Agreement. Without diminishing the scope of the rights provided by this Section, the rights of the Indemnitee to indemnification and advancement of Expenses provided hereunder shall include but shall
not be limited to those rights hereinafter set forth, except that no indemnification or advancement of Expenses shall be paid to the Indemnitee: 

(a)    to the extent expressly prohibited by applicable law or the Certificate of Incorporation or Bylaws of the Company;

 (b)    for and to the extent that payment is actually made to the Indemnitee under a valid and collectible insurance
policy or under a valid and enforceable indemnity clause, provision of the certificate of incorporation or bylaws, or agreement of the Company or any other company or other enterprise (and the Indemnitee shall reimburse the Company for any amounts
paid by the Company and subsequently so recovered by the Indemnitee); 
 (c)    in connection with an action, suit, or
proceeding, or part thereof voluntarily initiated by the Indemnitee (including claims and counterclaims, whether such counterclaims are asserted by (i) the Indemnitee, or (ii) the Company in an action, suit, or proceeding initiated by the
Indemnitee), except a judicial proceeding or arbitration pursuant to Section 11 to enforce rights under this Agreement, unless the action, suit, or proceeding, or part thereof, was authorized or ratified by the Board of Directors of the Company
or the Board of Directors otherwise determines that indemnification or advancement of Expenses is appropriate; and 

(d)    with respect to advancement of Expenses only, with respect to any Proceeding brought by or in the right of the
Company against the Indemnitee that is authorized by the Board of Directors of the Company; provided, that the rights of the Indemnitee to indemnification provided with respect to any Proceeding brought by or in the right of the Company against the
Indemnitee that is authorized by the Board of Directors of the Company shall be subject to a determination by the Board of Directors of the Company that the applicable standard of conduct has been met by the Indemnitee. 

  
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 4.    Action or Proceedings Other than an Action by or in the Right
of the Company. Except as limited by Section 3 above, the Indemnitee shall be entitled to the indemnification rights provided in this Section if the Indemnitee was or is a party or is threatened to be made a party to, or was or is otherwise
involved in, any Proceeding (other than an action by or in the right of the Company) by reason of the fact that the Indemnitee is or was a director, officer, employee, agent, or trustee of the Company or while a director, officer, employee, agent,
or trustee of the Company is or was serving at the request of the Company as a director, officer, employee, agent, or trustee of another corporation or of a partnership, joint venture, trust, or other enterprise, including service with respect to an
employee benefit plan, or by reason of anything done or not done by the Indemnitee in any such capacity. Pursuant to this Section, the Indemnitee shall be indemnified against all expense, liability, and loss (including judgments, fines, ERISA excise
taxes, penalties, amounts paid in settlement by or on behalf of the Indemnitee, and Expenses) actually and reasonably incurred by the Indemnitee in connection with such Proceeding, if the Indemnitee acted in good faith and in a manner the Indemnitee
reasonably believed to be in or not opposed to the best interests of the Company, and with respect to any criminal Proceeding, had no reasonable cause to believe his or her conduct was unlawful. 

5.    Indemnity in Proceedings by or in the Right of the Company. Except as limited by Section 3 above, the
Indemnitee shall be entitled to the indemnification rights provided in this Section if the Indemnitee was or is a party or is threatened to be made a party to, or was or is otherwise involved in, any Proceeding brought by or in the right of the
Company to procure a judgment in its favor by reason of the fact that the Indemnitee is or was a director, officer, employee, agent, or trustee of the Company or while a director, officer, employee, agent, or trustee of the Company is or was serving
at the request of the Company as a director, officer, employee, agent, or trustee of another corporation or of a partnership, joint venture, trust, or other enterprise, including service with respect to an employee benefit plan, or by reason of
anything done or not done by the Indemnitee in any such capacity. Pursuant to this Section, the Indemnitee shall be indemnified against all expense, liability, and loss (including judgments, fines, ERISA excise taxes, penalties, amounts paid in
settlement by or on behalf of the Indemnitee, and Expenses) actually and reasonably incurred by the Indemnitee in connection with such Proceeding if the Indemnitee acted in good faith and in a manner the Indemnitee reasonably believed to be in or
not opposed to the best interests of the Company; provided, however, that no such indemnification shall be made in respect of any claim, issue, or matter as to which the DGCL expressly prohibits such indemnification by reason of any
adjudication of liability of the Indemnitee to the Company, unless and only to the extent that the Court of Chancery of the State of Delaware or the court in which such Proceeding was brought shall determine upon application that, despite the
adjudication of liability but in view of all the circumstances of the case, the Indemnitee is entitled to indemnification for such expense, liability, and loss as such court shall deem proper. 

6.    Indemnification for Costs, Charges, and Expenses of Successful Party. Notwithstanding any limitations of
Sections 3(c), 3(d), 4, and 5 above, to the extent that the Indemnitee has been successful, on the merits or otherwise, in whole or in part, in defense of any 

  
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Proceeding, or in defense of any claim, issue, or matter therein, including, without limitation, the dismissal of any action without prejudice, or if it is ultimately determined, by final
judicial decision of a court of competent jurisdiction from which there is no further right to appeal, that the Indemnitee is otherwise entitled to be indemnified against Expenses, the Indemnitee shall be indemnified against all Expenses actually
and reasonably incurred by the Indemnitee in connection therewith. 
 7.    Partial Indemnification. If the
Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for some or a portion of the expense, liability, and loss (including judgments, fines, ERISA excise taxes, penalties, amounts paid in settlement by or on
behalf of the Indemnitee, and Expenses) actually and reasonably incurred in connection with any Proceeding, or in connection with any judicial proceeding or arbitration pursuant to Section 11 to enforce rights under this Agreement, but not,
however, for all of the total amount thereof, the Company shall nevertheless indemnify the Indemnitee for the portion of such expense, liability, and loss actually and reasonably incurred to which the Indemnitee is entitled. 

8.    Indemnification for Expenses of a Witness. Notwithstanding any other provision of this Agreement, to the
maximum extent permitted by the DGCL, the Indemnitee shall be entitled to indemnification against all Expenses actually and reasonably incurred by the Indemnitee or on the Indemnitee’s behalf if the Indemnitee appears as a witness or otherwise
incurs legal expenses as a result of or related to the Indemnitee’s service as a director or officer of the Company, in any threatened, pending, or completed action, suit, arbitration, alternative dispute resolution mechanism, investigation,
inquiry, judicial, administrative, or legislative hearing, or any other threatened, pending, or completed proceeding, whether of a civil, criminal, administrative, legislative, investigative, or other nature, to which the Indemnitee neither is, nor
is threatened to be made, a party. 
 9.    Determination of Entitlement to Indemnification. To receive
indemnification under this Agreement, the Indemnitee shall submit a written request to the Secretary of the Company. Such request shall include documentation or information that is necessary for such determination and is reasonably available to the
Indemnitee. Upon receipt by the Secretary of the Company of a written request by the Indemnitee for indemnification, the entitlement of the Indemnitee to indemnification, to the extent not required pursuant to the terms of Section 6 or
Section 8 of this Agreement, shall be determined by the following person or persons who shall be empowered to make such determination (as selected by the Board of Directors, except with respect to Section 9(e) below): (a) the Board of
Directors of the Company by a majority vote of Disinterested Directors, whether or not such majority constitutes a quorum; (b) a committee of Disinterested Directors designated by a majority vote of such directors, whether or not such majority
constitutes a quorum; (c) if there are no Disinterested Directors, or if the Disinterested Directors so direct, by Independent Counsel in a written opinion to the Board of Directors, a copy of which shall be delivered to the Indemnitee;
(d) the stockholders of the Company; or (e) in the event that a Change in Control has occurred, by Independent Counsel in a written opinion to the Board of Directors, a copy of which shall be delivered to the Indemnitee. Such Independent
Counsel shall be selected by the Board of Directors and approved by the Indemnitee, except that in the event that a Change in Control has occurred, Independent Counsel shall be selected by the Indemnitee. Upon failure of the Board of Directors so to
select such Independent Counsel or upon failure of the Indemnitee so to approve (or so to select, in the event 

  
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a Change in Control has occurred), such Independent Counsel shall be selected upon application to a court of competent jurisdiction. The determination of entitlement to indemnification shall be
made and, unless a contrary determination is made, such indemnification shall be paid in full by the Company not later than 60 calendar days after receipt by the Secretary of the Company of a written request for indemnification. If the person making
such determination shall determine that the Indemnitee is entitled to indemnification as to part (but not all) of the application for indemnification, such person shall reasonably prorate such partial indemnification among the claims, issues, or
matters at issue at the time of the determination. 
 10.    Presumptions and Effect of Certain Proceedings. The
Secretary of the Company shall, promptly upon receipt of the Indemnitee’s written request for indemnification, advise in writing the Board of Directors or such other person or persons empowered to make the determination as provided in
Section 9 that the Indemnitee has made such request for indemnification. Upon making such request for indemnification, the Indemnitee shall be presumed to be entitled to indemnification hereunder and the Company shall have the burden of proof
in making any determination contrary to such presumption. If the person or persons so empowered to make such determination shall have failed to make the requested determination with respect to indemnification within 60 calendar days after receipt by
the Secretary of the Company of such request, a requisite determination of entitlement to indemnification shall be deemed to have been made and the Indemnitee shall be absolutely entitled to such indemnification, absent actual fraud in the request
for indemnification. The termination of any Proceeding described in Sections 4 or 5 by judgment, order, settlement, or conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself (a) create a presumption
that the Indemnitee did not act in good faith and in a manner the Indemnitee reasonably believed to be in or not opposed to the best interests of the Company, and with respect to any criminal Proceeding, had reasonable cause to believe his or her
conduct was unlawful or (b) otherwise adversely affect the rights of the Indemnitee to indemnification except as may be provided herein. 

11.    Remedies of the Indemnitee in Cases of Determination Not to Indemnify or to Advance Expenses; Right to Bring
Suit. In the event that a determination is made that the Indemnitee is not entitled to indemnification hereunder or if payment is not timely made following a determination of entitlement to indemnification pursuant to Sections 9 and 10, or
if an advancement of Expenses is not timely made pursuant to Section 16, the Indemnitee may at any time thereafter bring suit against the Company seeking an adjudication of entitlement to such indemnification or advancement of Expenses, and any
such suit shall be brought in the Court of Chancery of the State of Delaware unless otherwise required by the law of the state in which the Indemnitee primarily resides and works. Alternatively, the Indemnitee at the Indemnitee’s option may
seek an award in an arbitration to be conducted by a single arbitrator in the State of Delaware pursuant to the rules of the American Arbitration Association, such award to be made within 60 calendar days following the filing of the demand for
arbitration. The Company shall not oppose the Indemnitee’s right to seek any such adjudication or award in arbitration. In any suit or arbitration brought by the Indemnitee to enforce a right to indemnification hereunder (but not in a suit or
arbitration brought by the Indemnitee to enforce a right to an advancement of Expenses), it shall be a defense that the Indemnitee has not met any applicable standard of conduct for indemnification set forth in the DGCL, including the standard
described in Section 4 or 5, as applicable. Further, in any suit brought by the Company to recover an advancement of Expenses pursuant to the terms of an undertaking, the Company shall be entitled to recover such

  
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Expenses upon a final judicial decision of a court of competent jurisdiction from which there is no further right to appeal that the Indemnitee has not met the standard of conduct described
above. Neither the failure of the Company (including the Disinterested Directors, a committee of Disinterested Directors, Independent Counsel, or its stockholders) to have made a determination prior to the commencement of such suit or arbitration
that indemnification of the Indemnitee is proper in the circumstances because the Indemnitee has met the standard of conduct described above, nor an actual determination by the Company (including the Disinterested Directors, a committee of
Disinterested Directors, Independent Counsel, or its stockholders) that the Indemnitee has not met the standard of conduct described above shall create a presumption that the Indemnitee has not met the standard of conduct described above, or, in the
case of such a suit brought by the Indemnitee, be a defense to such suit. In any suit brought by the Indemnitee to enforce a right to indemnification or to an advancement of Expenses hereunder, or brought by the Company to recover an advancement of
Expenses pursuant to the terms of an undertaking, the burden of proving that the Indemnitee is not entitled to be indemnified, or to such advancement of expenses, under this Section 11 or otherwise shall be on the Company. If a determination is
made or deemed to have been made pursuant to the terms of Section 9 or 10 that the Indemnitee is entitled to indemnification, the Company shall be bound by such determination and is precluded from asserting that such determination has not
been made or that the procedure by which such determination was made is not valid, binding, and enforceable. The Company further agrees to stipulate in any court or before any arbitrator pursuant to this Section 11 that the Company is bound by
all the provisions of this Agreement and is precluded from making any assertions to the contrary. If the court or arbitrator shall determine that the Indemnitee is entitled to any indemnification or advancement of Expenses hereunder, the Company
shall pay all Expenses actually and reasonably incurred by the Indemnitee in connection with such adjudication or award in arbitration (including, but not limited to, any appellate proceedings) to the fullest extent permitted by law, and in any suit
brought by the Company to recover an advancement of Expenses pursuant to the terms of an undertaking, the Company shall pay all Expenses actually and reasonably incurred by the Indemnitee in connection with such suit to the extent the Indemnitee has
been successful, on the merits or otherwise, in whole or in part, in defense of such suit, to the fullest extent permitted by law. 

12.    Non-Exclusivity of Rights. The rights to indemnification and to the
advancement of Expenses provided by this Agreement shall not be deemed exclusive of any other right that the Indemnitee may now or hereafter acquire under any applicable law, agreement, vote of stockholders or Disinterested Directors, provisions of
a charter or bylaws (including the Certificate of Incorporation or Bylaws of the Company), or otherwise. 

13.    Expenses to Enforce Agreement. In the event that the Indemnitee is subject to or intervenes in any action,
suit, or proceeding in which the validity or enforceability of this Agreement is at issue or seeks an adjudication or award in arbitration to enforce the Indemnitee’s rights under, or to recover damages for breach of, this Agreement, the
Indemnitee, if the Indemnitee prevails in whole or in part in such action, suit, or proceeding, shall be entitled to recover from the Company and shall be indemnified by the Company against any Expenses actually and reasonably incurred by the
Indemnitee in connection therewith. 

  
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 14.    Continuation of Indemnity. All agreements and obligations
of the Company contained herein shall continue during the period the Indemnitee is a director, officer, employee, agent, or trustee of the Company or while a director, officer, employee, agent, or trustee is serving at the request of the Company as
a director, officer, employee, agent, or trustee of another corporation or of a partnership, joint venture, trust, or other enterprise, including service with respect to an employee benefit plan, and shall continue thereafter with respect to any
possible claims based on the fact that the Indemnitee was a director, officer, employee, agent, or trustee of the Company or was serving at the request of the Company as a director, officer, employee, agent, or trustee of another corporation or of a
partnership, joint venture, trust, or other enterprise, including service with respect to an employee benefit plan. This Agreement shall be binding upon all successors and assigns of the Company (including any transferee of all or substantially all
of its assets and any successor by merger or operation of law) and shall inure to the benefit of the Indemnitee’s heirs, executors, and administrators. 

15.    Notification and Defense of Proceeding. Promptly after receipt by the Indemnitee of notice of any
Proceeding, the Indemnitee shall, if a request for indemnification or an advancement of Expenses in respect thereof is to be made against the Company under this Agreement, notify the Company in writing of the commencement thereof; but the omission
so to notify the Company shall not relieve it from any liability that it may have to the Indemnitee. Notwithstanding any other provision of this Agreement, with respect to any such Proceeding of which the Indemnitee notifies the Company: 

(a)    The Company shall be entitled to participate therein at its own expense; 

(b)    Except as otherwise provided in this Section 15(b), to the extent that it may wish, the Company, jointly with
any other indemnifying party similarly notified, shall be entitled to assume the defense thereof, with counsel satisfactory to the Indemnitee. After notice from the Company to the Indemnitee of its election so to assume the defense thereof, the
Company shall not be liable to the Indemnitee under this Agreement for any expenses of counsel subsequently incurred by the Indemnitee in connection with the defense thereof except as otherwise provided below. The Indemnitee shall have the right to
employ the Indemnitee’s own counsel in such Proceeding, but the fees and expenses of such counsel incurred after notice from the Company of its assumption of the defense thereof shall be at the expense of the Indemnitee unless (i) the
employment of counsel by the Indemnitee has been authorized by the Company, (ii) the Indemnitee shall have reasonably concluded that there may be a conflict of interest between the Company and the Indemnitee in the conduct of the defense of
such Proceeding, or (iii) the Company shall not within 60 calendar days of receipt of notice from the Indemnitee in fact have employed counsel to assume the defense of the Proceeding, in each of which cases the fees and expenses of the
Indemnitee’s counsel shall be at the expense of the Company. The Company shall not be entitled to assume the defense of any Proceeding brought by or on behalf of the Company or as to which the Indemnitee shall have made the conclusion provided
for in (ii) above; and 
 (c)    Notwithstanding any other provision of this Agreement, the Company shall not be
liable to indemnify the Indemnitee under this Agreement for any amounts paid in settlement of any Proceeding effected without the Company’s written consent, or for any judicial or other award, if the Company was not given an opportunity, in
accordance with this Section 15, to participate in the defense of such Proceeding. The Company shall not settle any Proceeding in any manner that would impose any penalty or limitation on or disclosure obligation with respect

  
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to the Indemnitee, or that would directly or indirectly constitute or impose any admission or acknowledgment of fault or culpability with respect to the Indemnitee, without the Indemnitee’s
written consent. Neither the Company nor the Indemnitee shall unreasonably withhold its consent to any proposed settlement. 

16.    Advancement of Expenses. All Expenses incurred by the Indemnitee in defending any Proceeding described in
Section 4 or 5 shall be paid by the Company in advance of the final disposition of such Proceeding at the request of the Indemnitee. The Indemnitee’s right to advancement shall not be subject to the satisfaction of any standard of conduct
and advances shall be made without regard to the Indemnitee’s ultimate entitlement to indemnification under the provisions of this Agreement or otherwise. To receive an advancement of Expenses under this Agreement, the Indemnitee shall submit a
written request to the Secretary of the Company. Such request shall reasonably evidence the Expenses incurred by the Indemnitee and shall include or be accompanied by an undertaking, by or on behalf of the Indemnitee, to repay all amounts so
advanced if it shall ultimately be determined, by final judicial decision of a court of competent jurisdiction from which there is no further right to appeal, that the Indemnitee is not entitled to be indemnified for such Expenses by the Company as
provided by this Agreement or otherwise. The Indemnitee’s undertaking to repay any such amounts is not required to be secured. Each such advancement of Expenses shall be made within 20 calendar days after the receipt by the Secretary of the
Company of such written request. The Indemnitee’s entitlement to Expenses under this Agreement shall include those incurred in connection with any action, suit, or proceeding by the Indemnitee seeking an adjudication or award in arbitration
pursuant to Section 11 of this Agreement (including the enforcement of this provision) to the extent the court or arbitrator shall determine that the Indemnitee is entitled to an advancement of Expenses hereunder. 

17.    Severability; Prior Indemnification Agreements. If any provision or provisions of this Agreement shall be
held to be invalid, illegal, or unenforceable as applied to any person or entity or circumstance for any reason whatsoever, then, to the fullest extent permitted by law (a) the validity, legality, and enforceability of such provision in any
other circumstance and of the remaining provisions of this Agreement (including, without limitation, all portions of any paragraphs of this Agreement containing any such provision held to be invalid, illegal, or unenforceable, that are not by
themselves invalid, illegal, or unenforceable) and the application of such provision to other persons or entities or circumstances shall not in any way be affected or impaired thereby, and (b) to the fullest extent possible, the provisions of
this Agreement (including, without limitation, all portions of any paragraph of this Agreement containing any such provision held to be invalid, illegal, or unenforceable, that are not themselves invalid, illegal, or unenforceable) shall be
construed so as to give effect to the intent of the parties that the Company provide protection to the Indemnitee to the fullest extent set forth in this Agreement. 

18.    Headings; References; Pronouns. The headings of the sections of this Agreement are inserted for convenience
only and shall not be deemed to constitute part of this Agreement or to affect the construction thereof. References herein to section numbers are to sections of this Agreement. All pronouns and any variations thereof shall be deemed to refer to the
singular or plural as appropriate. 

  
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 19.    Other Provisions. 

(a)    This Agreement and all disputes or controversies arising out of or related to this Agreement shall be governed by,
and construed in accordance with, the internal laws of the State of Delaware, without regard to the laws of any other jurisdiction that might be applied because of conflicts of laws principles of the State of Delaware, unless otherwise required by
the law of the state in which the Indemnitee primarily resides and works. 
 (b)    This Agreement may be executed in
two or more counterparts, all of which shall be considered one and the same instrument and shall become effective when one or more counterparts have been signed by each of the parties and delivered to the other party. 

(c)    This Agreement shall not be deemed an employment contract between the Company and any Indemnitee who is an officer
of the Company, and, if the Indemnitee is an officer of the Company, the Indemnitee specifically acknowledges that the Indemnitee may be discharged at any time for any reason, with or without cause, and with or without severance compensation, except
as may be otherwise provided in a separate written contract between the Indemnitee and the Company. 
 (d)    In the
event of payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of the Indemnitee (excluding insurance obtained on the Indemnitee’s own behalf), and the Indemnitee shall
execute all papers required and shall do everything that may be necessary to secure such rights, including the execution of such documents necessary to enable the Company effectively to bring suit to enforce such rights. 

(e)    This Agreement may not be amended, modified, or supplemented in any manner, whether by course of conduct or
otherwise, except by an instrument in writing specifically designated as an amendment hereto, signed on behalf of each party. No failure or delay of either party in exercising any right or remedy hereunder shall operate as a waiver thereof, and no
single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such right or power, or any course of conduct, shall preclude any other or further exercise thereof or the exercise of any other right or
power. 
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 IN WITNESS WHEREOF, the Company and the Indemnitee have caused this Agreement to be executed
as of the date first written above. 
  

			
	 F45 Training Holdings Inc.

		
	 By:
	 	  

		 	Name:
		 	Title:

  

	
	Indemnitee:                                    
                              
	
	  

	Name

 SIGNATURE PAGE TO INDEMNIFICATION
AGREEMENTEX-10.22

 Exhibit 10.22 

 

			
	 

  
 BY EMAIL

 
 Christopher Payne

⬛⬛⬛⬛⬛⬛⬛⬛

⬛⬛⬛⬛⬛⬛⬛⬛

 

⬛⬛⬛⬛⬛⬛⬛⬛⬛⬛⬛⬛⬛⬛

  
 Dated: 16 May 2018

 
	  	

 Dear Chris, 
 We are pleased to
confirm your appointment with F45 Training Pty Ltd (ACN 162 731 900) (Company) and outline below the terms of your employment (Terms). 
  

	1.	 Position 

  

	(a)	 The position to which you are appointed is set out in Item 1 of the Schedule
(Position) reporting to the supervisor identified in Item 3 of the Schedule or such other person or position nominated by the Company (Supervisor). You will have the responsibilities set out in the
Schedule and you may be appointed to such other capacities commensurate with your skills, abilities and remuneration level as may be assigned to you by the Company from time to time. Absent any new agreement, the terms of your employment set out in
these Terms will apply to any promotion, transfer, or change of position. 

  

	(b)	 You are employed exclusively by the Company to provide services to it and you must not without the written
consent of the Company work in any capacity for any other person or organisation during your employment other than non-paid or charity work. 

 

	2.	 Employment 

Your employment with the Company will commence on the date set out in Item 2 of the Schedule and will continue until terminated in
accordance with this Agreement. 
  

	3.	 Duties 

During your employment, you must: 
  

	(a)	 faithfully and diligently perform the duties assigned to you with reasonable care and skill and exercise duties
in a manner consistent with your employment with the Company; 

  

	(b)	 comply with all lawful and reasonable directions given to you by the Supervisor and the Company;

  

	(c)	 act in the best interests of the Company; 

  
 

 

	(d)	 promote the interests of the Company; 

 

	(e)	 act in accordance with a high standard of behaviour at all times; and 

 

	(f)	 comply with all laws, rules and policies applicable to your Position. 

 

	4.	 Probationary Period 

 

	(a)	 Your appointment to the Company is subject to a three (3) month probationary period. However, we may at
any time prior to the expiry of the initial probationary period, extend the probationary period by a further period of three (3) months. 

  

	(b)	 At the completion of this probationary period your performance and capacity to perform in the position to which
you have been appointed will be assessed and a decision made as to the confirmation of your ongoing employment. This probation period does not exclude or limit the definition of minimum employment period under the Fair Work Act 2009 (Cth)
(Act). 

  

	(c)	 During this probationary period, either the Company or you may terminate your employment by giving one
week’s prior written notice. 

  

	(d)	 Any leave taken during a probationary period (e.g. annual or personal/carer’s leave) will extend the end
of the probationary period by that length of time. 

  

	5.	 Place of Work 

At the time of your appointment, you will be based in Sydney, Australia. Your place of work may change during your employment with us, depending upon Company
requirements and changes to locations of divisions, operations, businesses and functions. 
  

	6.	 Salary 

  

	(a)	 Your annual salary is set out in Item 4 of the Schedule (Salary).

  

	(b)	 Your Salary will be paid in monthly instalments. The Company’s present arrangement is for monthly paid
salaries to be credited to bank accounts on or about the 15th day of each month. 

  

	(c)	 The Company has a performance based remuneration system. Salaries are reviewed annually and Salary increases
are based on your performance. There is no guarantee that your Salary will be increased following any review. 

  

	7.	 Modern Award 

If a Modern Award applies to your employment then: 
  

	(a)	 if you are paid a Salary that is more than the base rate pay prescribed by the Modern Award, your Salary is in
satisfaction of all minimum entitlements including minimum wage, attendance pay, overtime, allowances, penalties, extra rates for working evenings, weekends or public holidays, payment for temporarily working in a more senior role and annual leave
loading; 

  

	(b)	 if there are any changes to the minimum entitlements in paragraph 7(a), including those as a result of
adjustments made by Fair Work Australia following an annual wage review or otherwise, then your Salary is applied to and absorbs those changed entitlements; 

  

	(c)	 the Company may vary your Salary to incorporate the value of an entitlement in paragraph 7(a); and

  

	(d)	 in the event of any inconsistency between these Terms and the Modern Award, the Modern Award will prevail to
the extent of any inconsistency. 

  
 

 

	8.	 Superannuation 

 

	(a)	 The compulsory superannuation contribution made by the Company will be made at the applicable statutory rate
(currently 9.5% of your Salary), as set out in Item 5 of the Schedule. You may also choose to make additional contributions to a fund as either after tax or salary sacrifice in accordance with Company policies.

  

	9.	 Hours of Work 

 

	(a)	 Your position is full-time. Your usual working hours will be during normal business hours or such other hours
your manager may require from time to time. The Salary specified in this letter covers payment for all hours worked and the overall performance of your role. 

  

	(b)	 Overtime or time off in lieu will not be available and your Salary covers all aspects of your employment.

  

	10.	 Leave Entitlements 

Your entitlements to leave are in accordance with the National Employment Standards (NES) set out in the Act and the relevant legislation applying to
Long Service Leave. A summary of those leave entitlements are set out below. 
 Annual Leave 

 

	(a)	 You are entitled to four working weeks (20 working days) annual leave each year, which accrues on a pro-rata basis in accordance with the NES. 

 Public Holidays 

 

	(b)	 You are entitled to public holidays each year in accordance with the NES. 

Personal/Carer’s Leave 
  

	(c)	 You are entitled to ten (10) days paid personal/carer’s leave per year in accordance with the NES if
you are unable to attend work: 

  

	 	(i)	 due to personal illness or injury; or 

 

	 	(ii)	 because a member of your household or immediate family requires your care or support because of his or her
illness or injury, or because he or she is involved in an unexpected emergency. 

  

	(d)	 If you have exhausted your paid carer’s leave entitlement, you are entitled to two (2) days of unpaid
carer’s leave on each occasion required in accordance with the NES. 

  

	(e)	 You will not be entitled to a payment of unused personal/carer’s leave at the termination of your
employment. 

  

	(f)	 You must provide evidence, in an appropriate form, to claim any period of personal/carers leave.

  

	(g)	 You must give notice to the Company of your need for such personal/carers leave as soon as possible, together
with the reason for and expected duration of that leave. 

 Compassionate Leave 

 

	(h)	 You are entitled to a maximum of two (2) days’ paid compassionate leave in accordance with the NES on
each permissible occasion: 

  
 

 

	 	(i)	 for the purpose of spending time with a person who is a member of your immediate family or is a member of your
household who has a personal illness or injury that poses a serious threat to his or her life; or 

  

	 	(ii)	 after the death of a member of your immediate family or a member of your household. 

 

	(i)	 Compassionate leave will not accrue during your employment. 

 

	(j)	 The Company may require production of appropriate documentation in support of any claim for compassionate
leave. 

 Parental Leave 
  

	(k)	 You are entitled to twelve months’ unpaid parental leave (maternity, paternity or adoption leave) after
twelve months’ service, in accordance with the NES. 

 Community Service Leave 

 

	(l)	 You are entitled to Community Service Leave in accordance with the NES. 

Long Service Leave 
  

	(m)	 You are entitled to Long Service Leave in accordance with the NES and the Long Service Leave Act 1955 (NSW).

  

	11.	 Public Holidays 

You will be entitled to be paid your Salary for public holidays that fall on a usual working day even if you do not work. However, the Company may request you
to work on a public holiday, and you must work unless the refusal to work is reasonable or the request is unreasonable, in accordance with applicable law. 
  

	12.	 Expenses 

  

	(a)	 The Company will pay or reimburse you for travel and out of pocket expenses approved by the Company subject to
the production of the appropriate receipts. 

  

	(b)	 You shall request all expenses for reimbursement with supporting invoices on a monthly basis following the
month of incurring the expenses. 

  

	13.	 Company Property 

 

	(a)	 You must maintain all Company property provided to you in good order, including but not limited to promotional
material provided to you from time to time. 

  

	(b)	 You must indemnify the Company from all costs, damages, losses and expenses suffered or incurred by the Company
arising from any breach by you of Clause 13(a). 

  

	14.	 Confidentiality 

 

	(a)	 You will be expected to observe, at all times and under all circumstances, both during and after your
employment with us, the most absolute confidentiality with regard to the Company’s confidential information (Confidential Information). 

  

	(b)	 You must take whatever measures are reasonably necessary to preserve the confidentiality of the Confidential
Information including: 

  

	 	(i)	 complying with all security measures established to safeguard the Confidential Information from unauthorised
access or use; 

  
 

 

	 	(ii)	 keeping Confidential Information under your control; and 

 

	 	(iii)	 not removing Confidential Information from, or accessing Confidential Information from outside, the
Company’s premises without the prior approval of the Company. 

  

	15.	 Intellectual Property 

You: 
  

	(a)	 assign to the Company all existing and future intellectual property rights in all inventions, models, designs,
drawings, plans, software, reports, proposals, processes and other materials conceived, created or generated by you during your employment with the Company (whether alone or with the Company, its other employees or contractors) for use by the
Company; 

  

	(b)	 acknowledge that by virtue of this clause all such existing intellectual property rights invested in the
Company and, on their creation, all such future intellectual property rights will vest in the Company; 

  

	(c)	 must do all things reasonably requested by the Company to enable the Company to further assure the intellectual
property rights assigned under this Clause 15; 

  

	(d)	 acknowledge that you may have Moral Rights (as defined in the Copyright Act 1968 (Cth)) in works which you have
created or may in the future create in the course of your employment (Works); 

  

	(e)	 in so far as you are able, you waive your Moral Rights in respect of the Works; 

 

	(f)	 consent to all or any acts or omissions by the Company in relation to the Works which have already occurred or
may occur in the future, which may infringe your Moral Rights in any of the Works; 

  

	(g)	 acknowledge that the consent given in this Clause 15 extends to your successors in title, licensees of the
copyright in the Works and other persons authorised by the Company to do acts comprised in the copyright in the Works; and 

  

	(h)	 will continue to be bound by the obligations under this Clause 15 which will survive the termination of your
employment with the Company. 

  

	16.	 Termination of Employment 

 

	(a)	 You may terminate the employment relationship by giving the Company 8 weeks’ prior written notice.

  

	(b)	 Subject to the Act, the Company may terminate your employment, for reasons other than those described in Clause
17 below, by giving you 12 weeks’ prior written notice. 

  

	(c)	 You acknowledge and agree that this notice period is fair and reasonable in the circumstances.

  

	(d)	 After either you or the Company give notice to terminate your employment, the Company may at any time:

  

	 	(i)	 terminate your employment immediately by paying you a sum equal to the amount of your Salary which would have
accrued to you during the balance of the notice period; or 

  

	 	(ii)	 direct you not to perform work, to perform different work, not to contact clients of the Company and/or require
you to remain away from any of the Company’s premises (although you will remain in an employee of the Company and will continue to be bound by the remaining terms of your employment) provided that during any period, the Company continues to pay
you your Salary. For the avoidance of doubt, any such direction given by the Company will not amount to termination of your employment. 

  
 

 

	(e)	 In the event of termination: 

 

	 	(i)	 you must return all of the Company’s property and materials which may have come into your possession in
the course of your employment whether or not originally supplied to you by the Company; and 

  

	 	(ii)	 subject to applicable law, the Company may set off amounts you owe the Company against amounts the Company owes
to you. 

  

	17.	 Termination of Employment for Serious Misconduct 

 

	(a)	 The Company may terminate your employment without notice or payment in lieu of notice in the event of your
serious misconduct. “Serious misconduct” is misconduct of such a nature that it would be unreasonable for the Company to be required to continue your employment during the required period of notice, including (but not limited to):

  

	 	(i)	 wilful, or deliberate behaviour that is inconsistent with the continuation of this contract of employment; and

  

	 	(ii)	 conduct that causes imminent and serious risk to the health, or safety of a person or the reputation, viability
or profitability of the Company’s business. 

  

	(b)	 In the event of termination for serious misconduct: 

 

	 	(i)	 you must return all of the Company’s property which may have come into your possession, custody or control
in the course of your employment, whether or not originally supplied to you by the Company; and 

  

	 	(ii)	 subject to applicable laws, the Company may set off amounts that you owe the Company against amounts that the
Company owes to you. 

  

	18.	 Termination for Redundancy 

In the event that your employment is terminated for redundancy and you are otherwise entitled to receive redundancy pay under the Act, you will receive an
amount of redundancy pay in accordance with your entitlement under the Act. 
  

	19.	 Personal Information 

 

	(a)	 You acknowledge that the Company will hold your personal information on its files. 

 

	(b)	 The Company will use that personal information for the purpose of managing and administrating the employment
relationship between it and you. You also acknowledge that the Company may disclose your personal information for any legitimate operational purpose. 

  

	20.	 Restraint 

  

	(a)	 “Restraint Area” means: 

 

	 	(i)	 Australia, New Zealand and the United States; 

 

	 	(ii)	 Australia and New Zealand; 

 

	 	(iii)	 Australia; 

  

	 	(iv)	 New South Wales; or 

  

	 	(v)	 Sydney, 

whichever the greatest area is enforceable. 

  
 

 

	(b)	 “Non-Compete Period” means: 

 

	 	(i)	 6 months from the termination of your employment; or 

 

	 	(ii)	 3 months from the termination of your employment; or 

 

	 	(iii)	 1 month from the termination of your employment, 

whichever the greatest period is enforceable. 
  

	(c)	 “General Restraint Period” means: 

 

	 	(i)	 12 months from the termination of your employment; or 

 

	 	(ii)	 6 months from the termination of your employment; or 

 

	 	(iii)	 3 months from the termination of your employment, 

whichever the greatest period is enforceable. 
  

	(d)	 “Business” means: 

 

	 	(i)	 any health or fitness business, including any fitness franchise or any other business associated with the
licensing of fitness services; or 

  

	 	(ii)	 any business concerned with the supply of services or products equivalent to those supplied by the Company or
any member of the F45 Group of Companies (being the affiliates and related body corporates of the Company and referred to as the “Group”) and with which you were concerned during your employment. 

 

	(e)	 During the Non-Compete Period, you must not, without the prior written
consent of the Company, do the following in the Restraint Area: 

  

	 	(i)	 directly or indirectly carry on (whether alone in partnership or in joint venture with anyone else) or
otherwise be concerned with or interested in (whether as trustee, principal, agent, shareholder, unitholder or in any other capacity) any entity which is in competition with or which carries on a Business or a business which is similar to a
Business. 

  

	(f)	 During the General Restraint Period, you must not, without the prior written consent of the Company, perform
work or provide services of the kind performed or provided by the Company to: 

  

	 	(i)	 any client or customer of the Group who has dealt with the Group during your employment with the Company (or
who dealt with the Company during the time you provided personal services to the Company before this agreement); or 

  

	 	(ii)	 any person in the process of negotiating with the Group at the date of termination of your employment with a
view to receiving products or services from the Group, and had not notified the Group prior to the termination date that they did not wish to receive products or services, 

with whom you (or any employees reporting to you) had dealings during the last two years of your employment. 

 

	(g)	 During the General Restraint Period, you must not, without the prior written consent of the Company:

  

	 	(i)	 Solicit or persuade: 

  
 

 

	 	(A)	 any client or customer of the Group who has dealt with the Group during your employment with the Company (or
who dealt with the Company during the time you provided personal services to the Company before this agreement); or 

  

	 	(B)	 any person in the process of negotiating with the Group at the date of termination of your employment with a
view to receiving products or services from the Group and had not notified the Group prior to the termination date that they did not wish to receive products or services, 

 

	 	(C)	 with whom you (or any employees reporting to you) had dealings during the last two years of your employment, to
cease, reduce or alter the amount of business which the person would normally do with the Group or is reasonably expected to do with the Group (including accepting business from any such person). 

 

	 	(ii)	 induce or attempt to induce any director, manager or employee of the Group to terminate his or her employment,
whether or not that person would thereby commit a breach of his or her contract of employment; 

  

	 	(iii)	 make any public statement about the Company or Group without the Company’s written consent; or

  

	 	(iv)	 act in any way which may harm or prejudice the reputation or good name of the Company or Group.

  

	(h)	 The restraints contained in this clause are separate, distinct and several, so that the unenforceability of any
restraint does not affect the enforceability of the other restraints. 

  

	(i)	 If any provision in this clause is considered by a court or tribunal to be void or unreasonable, but would be
valid if part of the text were deleted, periods reduced or reduced in scope, the provision will apply with such modifications or reading down as necessary to make it valid and effective. In the event that this clause is to be modified or read down,
the parties agree that this clause be interpreted in a manner which maximises the duration or the restraint rather than the area in which it operates. 

  

	(j)	 You acknowledge that: 

 

	 	(i)	 the restrictive covenants contained in this clause are reasonable and necessary for the protection of the
goodwill of the Group; and 

  

	 	(ii)	 the remedy of damages may be inadequate to protect the interests of the Group and the Group is entitled to seek
and obtain injunctive relief, or any other remedy, in any Court. 

  

	(k)	 You acknowledge that the obligations contained in this clause continue to bind you despite the cessation of
your employment with the Company for whatever reason. 

  

	(l)	 You acknowledge that damages may be inadequate compensation if you breach your obligations under this clause
and, subject to the Court’s discretion, the Company may restrain, by an injunction or similar remedy, any conduct or threatened conduct which is or will be a breach of this clause.  

 

	21.	 Workplace Surveillance 

 

	(a)	 In accordance with the Workplace Surveillance Act 2005 (NSW), the Company advises you that it conducts ongoing
and continuous computer surveillance. 

  

	(b)	 Computer surveillance is carried out by monitoring email, internet and other computer usage in accordance with
the Company’s IT policy. 

  
 

 

	22.	 Occupational Health and Safety, drugs and alcohol 

 

	(a)	 You must: 

  

	 	(i)	 safely attend to the duties assigned to you during the course of your employment; 

 

	 	(ii)	 become familiar with all occupational health and safety laws and the occupational health and safety policies
and procedures of the Company; 

  

	 	(iii)	 comply with the above and all directions from the Company relating to occupational health and safety;

  

	 	(iv)	 take a pro-active interest in eliminating or reducing health and safety
risks to the Company and others in the workplace; and 

  

	 	(v)	 co-operate with the Company in its efforts to comply with its OHS
requirements. 

  

	(b)	 You must not: 

  

	 	(i)	 interfere with or misuse equipment or facilities provided by the Company for the health, safety and welfare of
persons at work; 

  

	 	(ii)	 obstruct attempts to give aid to a person who is injured at work or attempts to prevent a risk to the health
and safety of a person at work; 

  

	 	(iii)	 refuse a reasonable request to assist in giving aid to a person who is injured at work or preventing a risk to
health and safety; and 

  

	 	(iv)	 disrupt the workplace by creating unwarranted health or safety fears. 

 

	(c)	 You must notify the Company as soon as you become aware of any workplace risks or accidents (including breaches
of occupational health and safety laws or policies). Further, you must take all steps reasonably necessary to remove or reduce that risk. 

  

	(d)	 You must not smoke cigarettes or any other substances in the workplace. 

 

	(e)	 You must not take any drugs in the workplace, unless: 

 

	 	(i)	 you are required to take those drugs under a valid prescription issued by a medical practitioner; and

  

	 	(ii)	 the drugs do not affect your ability to safely perform your duties. 

 

	(f)	 You must not drink alcohol at the workplace when working, attend work in circumstances where you have been
affected by alcohol, or otherwise perform your duties while affected by alcohol. This requirement will not prevent you from consuming alcohol at a social or client function approved by the Company provided that: 

 

	 	(i)	 you do not drink excessively at the function; and 

 

	 	(ii)	 you do not after the function, drive or operate machinery or do anything else which may pose a risk to the
safety of yourself or others. 

  

	23.	 Company Policies 

 

	(a)	 You must comply with the duties and obligations imposed on you under any policies, procedures or directions
(collectively described herein as policies) of the Company as varied from time to time. 

  
 

 

	(b)	 Nothing in these Terms is intended to create any binding obligation on the Company to provide you with any
benefits conferred on you by the policies, except to the extent that such benefits otherwise apply by operation of applicable legislation. 

  

	(c)	 The Company may at its absolute discretion, vary, replace or remove any policies, or may introduce new Company
policies, at any time. 

  

	(d)	 In the event of any inconsistency between these Terms and any policy, these Terms will prevail to the extent of
any inconsistency. 

  

	24.	 General 

  

	(a)	 These Terms are governed by the laws applicable in New South Wales. The parties irrevocably submit to the
exclusive jurisdiction of the courts of New South Wales. 

  

	(b)	 These Terms constitute the entire agreement between you and the Company as to its subject matter and supersedes
and cancels any contract, deed, arrangement, related condition, collateral arrangement, condition, warranty, indemnity or representation imposed, given or made by the Company or you (or an agent of either of them) prior to entering into these Terms.

  

	25.	 Formal Acceptance 

Please indicate your formal acceptance of these Terms by signing, dating and returning to the undersigned the enclosed duplicate copy. 

We take this opportunity to welcome you to the Company and to wish you every future success. 

 

	
	Yours sincerely
	
	/s/ Robert Deutsch
	Robert Deutsch
	Director
	F45 Training Pty Ltd

 I accept employment with F45 Training Pty Ltd (ACN 162 731 900) on the terms and conditions set out in these Terms. 

 

									
	Signature:	 	/s/ Christopher Payne	 		 	Date:	 	16/5/2018
		 	Christopher Payne	 		 		 	

  
 

 

 Schedule 
  

					
	 Item 1
	  	 Position
	  	Chief Financial Officer
			
	 Item 2
	  	 Commencement Date
	  	12 June 2018
			
	 Item 3
	  	 Supervisor
	  	Robert Deutsch, Adam Gilchrist and any other person nominated by them from time to time.
			
	 Item 4
	  	 Salary
	  	 Base Salary
  

$300,000 (“Base Salary”) plus Superannuation.
  

The parties acknowledge and agree that the employee’s salary will be reviewed after six (6) months.

 
 Bonus
  

The employee will be entitled to an annual discretionary bonus to be calculated in accordance with the following:

 
 •  an amount, not to exceed 25%
of the Base Salary, based upon the employee satisfying key performance indicators agreed between the Company and the employee within 4 weeks of the Commencement Date; and
  

•  an amount, not to exceed 25% of the Base Salary, based upon the Company satisfying key performance
indicators agreed between the Company and the employee within 4 weeks of the Commencement Date.

			
	 Item 5
	  	 Superannuation (9.5% of Salary)
	  	$28,500
			
	 Item 6
	  	 Responsibilities
	  	 Managing the Group’s finances and accounting including (but not limited to) the following:

 
 •  Financial planning and
budgeting;
  
 •  Management of
financial risks;
  
 •  Record
keeping; and
  
 •  Financial
Reporting.

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