Document:

EX-10.3

 Exhibit 10.3 

FORM OF 
 TRANSITION
SERVICES AGREEMENT 
 This Transition Services Agreement (this “Agreement”) is entered into as of [●], 2022
(the “Effective Date”), by and between Zimmer Biomet Holdings, Inc., a corporation organized under the laws of the State of Delaware (“Parent”), and ZimVie Inc., a corporation organized under the laws of the State
of Delaware (“SpinCo”). Parent and SpinCo are each referred to in this Agreement as a “Party,” and together as the “Parties.” 

Recitals 
 WHEREAS,
concurrently with the execution of this Agreement, Parent and SpinCo are entering into a Separation and Distribution Agreement (the “Separation Agreement”), pursuant to which, among other things, Parent will transfer the SpinCo
Business to SpinCo; 
 WHEREAS, Parent, directly and indirectly through certain of its Affiliates, currently provides certain support
services to the SpinCo Business, and SpinCo and Parent desire that Parent continue to provide, or cause to be provided, certain of such services to SpinCo and its Affiliates for a transitional period, on the terms and subject to the conditions set
forth in this Agreement; and 
 WHEREAS, SpinCo and certain of its Affiliates currently provide certain support services to Parent and
certain of its Affiliates, and Parent wishes SpinCo to continue to provide certain of such services to Parent and its Affiliates, and SpinCo wishes to provide such services or cause such services to be provided, all as more fully set forth herein.

 Agreement 

NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth in this Agreement, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows: 
 ARTICLE I 

PERFORMANCE OF SERVICES 

Section 1.1    Services. 

(a)    Subject to the terms and conditions of this Agreement, each Person designated as a “Provider” (each, a
“Provider”) in a Service Schedule attached as Annex A and Annex B to this Agreement (each, a “Service Schedule”) shall perform or cause to be performed the services set forth in such Service Schedule
(the “Services”) for each Person designated as a “Recipient” (each, a “Recipient”) in such Service Schedule during the “Service Period” specified in such Service Schedule (each, a
“Service Period”). The Parties acknowledge and agree that their respective Affiliates may be Providers and/or Recipients under this Agreement, and the Parties shall cause their respective Affiliates to comply with their respective
obligations under this Agreement, and each Party shall be ultimately responsible for ensuring such compliance with respect to its Affiliates. For purposes of this Agreement, Services to be performed by Parent or its Affiliates in any Service
Schedule (a “Parent-Provider Service Schedule”) shall be referred to as “Parent-Provider Services,” and Services to be performed by SpinCo or its Affiliates in any Service Schedule (a
“SpinCo-Provider Service Schedule”) shall be referred to as “SpinCo-Provider Services”. The Parent-Provider Service Schedules are attached as Annex A to this Agreement, and the SpinCo-Provider Service Schedules are attached as Annex B to this Agreement. 

 (b)    In the event that the Parties mutually agree in writing to (i)(A)
the provision by Parent to SpinCo of services that are not then included in the Parent-Provider Services (each, a “New Parent-Provider Service”) or (B) a modification of a Parent-Provider Service Schedule, or (ii)(A) the
provision by SpinCo to Parent of services that are not then included in the SpinCo-Provider Services (each, a “New SpinCo-Provider Service” and, together with the New SpinCo-Provider Services, the “New Services”) or (B) a modification of a SpinCo-Provider Service Schedule, then the Parties shall add or amend a Service Schedule to reflect such New Service or
modified Service, as applicable, including the Service Fee applicable to any such New Service or modified Service Schedule, if any, agreed upon by the Parties. Each new or amended Service Schedule shall be deemed part of this Agreement as of the
date of final agreement between the Parties with respect thereto, in each case subject to the terms and conditions of this Agreement. Except as otherwise provided in any Service Schedule, no Service Period may extend beyond the two-year anniversary of the Distribution Date, except that any Service Period may be extended up to the third anniversary of the Distribution Date in accordance with the terms hereof or of any Service Schedule. 

(c)    Each Service Schedule is hereby incorporated into and shall form a part of this Agreement; provided,
however, that the terms contained in such Service Schedule shall only apply with respect to the Services provided under that Service Schedule. In the event of a conflict between the terms contained in an individual Service Schedule and the
terms in the body of this Agreement, the terms in the Service Schedule shall take precedence with respect to the Services under such Service Schedule only. No terms contained in any individual Service Schedule shall otherwise modify the terms of
this Agreement. 
 Section 1.2    Service Periods. Subject to earlier termination pursuant to
Section 5.3, a Provider’s obligation to perform the Services set forth in any Service Schedule shall terminate on the last day of the “Service Period” specified in such Service Schedule. 

Section 1.3    Subcontracting. Each Provider of Services shall have the right to subcontract such Services to
one or more third parties; provided, however, that (a) consent of the Recipient shall not be required to the extent the same third parties provided the same Services prior to the Effective Date; (b) to the extent the Services were not
provided by such third party prior to the Effective Date, the subcontracting Provider shall provide at least 15 days’ advance written notice to the Recipient prior to engaging such subcontractor for such Services; (c) the subcontracting
Provider shall execute the necessary contracts, and the appropriate provisions, required under applicable Laws; (d) the subcontracting Provider shall use reasonable care and prudence in the selection and monitoring of any such subcontractor;
(e) the subcontracting Provider shall remain primarily responsible for ensuring that such Services are provided and that any such subcontractor performs its obligations in accordance with the terms of this Agreement; and
(f) notwithstanding anything to the contrary in Article II, if the subcontracting Provider provided a Service directly (and not through a subcontractor) during the Service Baseline Period, then the subcontracting
Provider shall bear any incremental cost of providing such Service to the Recipient through such subcontractor above the cost (including applicable Service Fees and Reimbursable Costs) of the subcontracting Provider directly providing such Service.

  
 2 

 Section 1.4    Cooperation. Each Recipient of Services shall
(a) perform any obligations or activities assigned to such Recipient in this Agreement, including in the applicable Service Schedule(s); (b) promptly provide to the applicable Provider (and any applicable subcontractors) the materials,
documentation and information reasonably necessary for performance of such Services; (c) comply with the Provider’s reasonable instructions that are necessary for the Provider to perform such Services; (d) promptly report to the
Provider any known problem affecting the performance of any such Services; (e) participate in discussions regarding the provision of Services where reasonably required by the Provider in order to facilitate decision making in relation to the
Services; and (f) subject to Recipient’s reasonable policies and procedures, grant the Provider (and any subcontractors) access to such Recipient’s premises and systems as reasonably necessary for the Provider to perform its
obligations hereunder; provided, that this Section 1.4 shall not require a Party to incur any out-of-pocket costs or expenses, unless and
except as expressly provided in this Agreement or otherwise agreed in writing by the Parties. In the event that a Recipient fails to comply with any of the obligations under clauses (a) – (f) above, and such failure adversely affects
Provider’s ability to perform the Services, Provider shall have the right, after giving 10 days’ prior written notice to the Recipient, to suspend the applicable Services until such failure is resolved. 

Section 1.5    Consents. Nothing in this Agreement shall require a Provider to perform or cause to be
performed any Service to the extent that the manner of such performance would constitute a violation of any applicable Law or any existing contract or agreement with a third party. If a Provider becomes aware that any such violation is
reasonably likely, such Provider shall use commercially reasonable efforts to promptly advise the Recipient of such potential violation, and such Provider and Recipient will mutually seek an alternative that addresses such potential
violation. The Parties shall cooperate with one another and use their respective commercially reasonable efforts to obtain all appropriate consents, waivers, permits, licenses, and/or sublicenses (“Consents”), where reasonably
necessary, of any relevant third party required under any existing contract or agreement with a third party to allow Provider to perform, or cause to be performed, all Services to be provided hereunder in accordance with the standards set forth
herein. Recipient shall reimburse Provider for all reasonable and out-of-pocket costs and expenses (if any) incurred by Provider or any of its Subsidiaries in connection
with obtaining such Consent. Neither Provider nor Recipient shall be obligated to contribute any capital, pay any consideration, grant any concession or incur any additional Liability to any third party other than ordinary and customary fees to a
Governmental Authority from whom such consents are required, which shall be payable by the Recipient. If, with respect to a Service, the Parties, despite the use of such commercially reasonable efforts, are unable to obtain any such Consent, the
Recipient shall be responsible for procuring the Services from alternative sources and the Provider shall have no further responsibility for such Services. 

Section 1.6    Transitional Nature of the Services. Each Party acknowledges the transitional nature of the
Services and agrees that each Recipient shall use its commercially reasonable efforts to transition the Services to its own internal organization or to engage alternative third-party service providers as soon as reasonably practicable after the
Effective Date and in no event later than the last day of the Service Period referenced in the applicable Service Schedule. 

Section 1.7    Relationship of the Parties. The Parties acknowledge and agree that this Agreement does not
create a fiduciary relationship, partnership, joint venture or relationships of trust or agency between the Parties and that all Services are performed by Providers as independent contractors to the Recipients. 

  
 3 

 ARTICLE II 

COMPENSATION 

Section 2.1    Service Fees. SpinCo shall pay to Parent, on a quarterly basis, the aggregate amount due by
SpinCo and its Affiliates in respect of the Parent-Provider Services in accordance with the amounts, formulas and procedures set forth in the “Service Fees” section in the Parent-Provider Service Schedules (the “Parent-Provider
Service Fees”). Parent shall pay to SpinCo, on a quarterly basis in advance, the aggregate amount due by Parent and its Affiliates in respect of the SpinCo-Provider Services in accordance with the amounts, formulas and procedures set forth
in the “Service Fees” section in the SpinCo-Provider Service Schedules (the “SpinCo-Provider Service Fees,” and together with the Parent-Provider Service Fees, the “Services Fees”). During the term
of this Agreement, the amount of a Service Fee for any Service may be modified to the extent of (a) any adjustments mutually agreed by the Parties, (b) any adjustments due to a change in Level of Service requested by Recipient and agreed
by Provider, and (c) any adjustment in the rates or charges imposed by any third-party provider that is providing Services; provided that Provider will notify Recipient in writing of any such change in rates at least thirty
(30) days prior to the effective date of such rate change. Together with any invoice for Service Fees, Provider shall provide Recipient with reasonable documentation, including any additional documentation reasonably requested by Recipient to
the extent that such documentation is in Provider’s or its Subsidiaries’ possession or control, to support the calculation of such Service Fees. 

Section 2.2    Reimbursement. To the extent not included in the Service Fee for a Service and subject to the
other terms and conditions of this Agreement, SpinCo shall reimburse Parent for all reasonable documented out-of-pocket costs and expenses (including reasonable
travel-related expenses) actually incurred by Parent and its Affiliates in connection with the performance of the Parent-Provider Services under this Agreement (“Parent Reimbursable Costs”). To the extent not included in the Service
Fee for a Service and subject to the other terms and conditions of this Agreement, Parent shall reimburse SpinCo for all reasonable documented out-of-pocket costs and
expenses (including reasonable travel-related expenses) actually incurred by SpinCo and its Affiliates in connection with the performance of the SpinCo-Provider Services under this Agreement (“SpinCo Reimbursable Costs,” and
together with the Parent Reimbursable Costs, the “Reimbursable Costs”). Each Party shall make available to the other Party, upon reasonable request, receipts and other relevant documentation pertaining to Reimbursable Costs. 

Section 2.3    Invoicing; Payment. At least 30 days prior to the beginning of each calendar quarter until the
expiration or termination of this Agreement, (a) Parent shall submit to SpinCo a quarterly invoice or invoices for Service Fees and Reimbursable Costs due and owing by SpinCo, and (b) SpinCo shall submit to Parent a quarterly invoice or
invoices for Service Fees due for the then-current calendar quarter and for Reimburseable Costs due and owing by Parent. Each invoice shall set forth in reasonable detail the calculation of the charges and amounts and applicable Taxes for each
Service for which such invoice relates. Unless otherwise 

  
 4 

 
specified in the Service Schedules, amounts due under this Agreement shall be invoiced and paid in U.S. dollars by wire transfer of immediately available funds to one or more accounts designated
by the Party to whom such payments are owed. All payments due under this Agreement (other than any amounts disputed by a Party in good faith) shall be made within 30 days after the date of the applicable invoice (the “Due Date”).
Late payments shall bear interest at a rate equal to five percent (5%) per annum. Such interest shall be calculated on the basis of the actual number of days elapsed from the Due Date up to and including the actual date of payment, without
compounding. 
 Section 2.4    Right to Suspend Services. If payment in full of any invoice (other than
amounts disputed by a Party in good faith) is not received by the Due Date of such invoice, to the extent the aggregate amount of such overdue unpaid invoices exceeds $1,000,000, the Party to whom such payment is owed shall have the right, after
giving 15 days’ prior written notice to the other Party, to suspend all or any portion of the Service or other obligations under this Agreement as to which such overdue payment relates until such time as all amounts then due, including any
accrued interest, have been paid. After such payment in full is received, performance of the suspended Services and other obligations shall resume. 

Section 2.5    Taxes. 

(a)    Each Recipient shall be responsible for (i) excise, sales, use, transfer, stamp, documentary, filing,
recordation and other similar Taxes, (ii) value added, goods and services or similar recoverable indirect Taxes (“VAT”) and (iii) any related interest and penalties (collectively, “Sales Taxes”), in each
case imposed or assessed as a result of the provision of such Services, but excluding any gross receipts-based or net-income based Taxes. In particular, but without prejudice to the generality of the
foregoing, all amounts payable pursuant to this Agreement are exclusive of amounts in respect of Sales Taxes. Any Sales Taxes shall be separately stated on the relevant invoice to a Recipient and will be payable by such Recipient pursuant to
Section 2.3. Where any taxable supply for VAT purposes is made pursuant to this Agreement by a Provider to a Recipient, the Recipient shall either (x) on receipt of a valid VAT invoice pay to the Provider or its
designee such additional amounts in respect of VAT as are chargeable on the supply of the Services at the same time as payment is due for the supply of the Services; or (y) where required by applicable Law to do so, account directly to the
relevant Governmental Authority for any such VAT amounts. Each Provider agrees that it shall take commercially reasonable actions to cooperate with each Recipient in obtaining any refund, return, rebate, or the like of any Sales Tax, including by
filing any necessary exemption or other similar forms, certificates, or other similar documents. The Recipient shall promptly reimburse the Provider for any costs incurred by the Provider or its Affiliates in connection with the Recipient obtaining
a refund or overpayment of refund, return, rebate, or the like of any Sales Tax. For the avoidance of doubt, any applicable gross receipts-based or net income-based Taxes shall be borne by the Provider unless the Provider is required by Law to
obtain, or allowed to separately invoice for and obtain, reimbursement of such Taxes from the applicable Recipient. 

(b)    Each Recipient shall be entitled to deduct and withhold Taxes required by any Governmental Authority to be withheld
on payments made pursuant to this Agreement. To the extent any amounts are so withheld, the applicable Recipient shall (i) pay, in addition to the amount otherwise due to the Provider under this Agreement, such additional amount as is necessary
to 

  
 5 

 
ensure that the net amount actually received by the Provider will equal the full amount the Provider would have received had no such deduction or withholding been required, (ii) pay such
deducted and withheld amount to the proper Governmental Authority, and (iii) promptly provide to the Provider evidence of such payment to such Governmental Authority. Any amounts so deducted or withheld shall be considered paid to the Provider
for all purposes of this Agreement. The Provider shall, prior to the date of any payment to be made pursuant to this Agreement, at the request of the Recipient, make commercially reasonable efforts to provide the Recipient any certificate or other
documentary evidence (x) required by any Governmental Authority or under applicable Law or (y) which the Provider is entitled by any Governmental Authority or under applicable Law to provide in order to reduce the amount of any Taxes that
may be deducted or withheld from such payment and the Recipient agrees to accept and act in reliance on any such duly and properly executed certificate or other applicable documentary evidence. 

Section 2.6    Currency Exchange Rate Service Fee Adjustments. During the term of this Agreement, each
Provider will determine semi-annually (on June 15 and December 15 of each year) whether the Exchange Rate between U.S. dollars and the official local currency for each country in which such Provider performs Services has changed by more
than 5% since the later of the Effective Date or June 15 of the immediately preceding year. If the Exchange Rate has changed by more than 5% since the later of the Effective Date or June 15 of the immediately preceding year, the Parties
shall cooperate to promptly adjust the Service Fees with respect to the Services provided in such country, with such adjustment being effective for all Services performed by such Provider from the June 15 or December 15 date on which the
change was measured. 
 ARTICLE III 

STANDARD OF SERVICES; INDEMNIFICATION; LIMITATIONS 

Section 3.1    Standard of Services. Each Provider shall, and shall cause each subcontractor to,
(a) perform the Services in all material respects in accordance with applicable Laws, and (b) except as expressly provided otherwise in the Service Schedules, use commercially reasonable efforts to perform the Services in a manner
substantially consistent with the quality, manner, level of care, skill, timeliness and diligence with which such Services (or analogous services) were performed for the Recipient (the “Level of Service”) in the six-month period immediately prior to the Effective Date (the “Service Baseline Period”); provided, that, if not so previously provided, then such Services shall be performed in a manner
substantially similar to similar services provided to Provider’s Affiliates or businesses. Notwithstanding the foregoing, a Provider may make changes from time to time in the manner of performing the Services if such Provider is making similar
changes in performing analogous services for itself and if such Provider furnishes to Recipient reasonable prior written notice (in content and timing) of such changes; provided, that if such change shall materially adversely affect the
timeliness or quality of, or the Service Fees for, the applicable Service, the Parties shall cooperate to agree on modifications to such Services as are commercially reasonable in consideration of the circumstances. Unless a Service Schedule
specifies a particular volume or quantity, the applicable Provider shall not be obligated to perform any Service in a volume or quantity at a rate that exceeds the rate of the highest volumes or quantities of analogous services provided for the
benefit of the Recipient during the Service Baseline Period. No Provider shall be required to perform any of the Services for the benefit of any Person other than the applicable Recipient for such Service. 

  
 6 

 Section 3.2    Personnel. Except as otherwise agreed by the
Parties in writing and subject to Section 1.3, each Provider shall have sole discretion and authority with respect to designating, employing, assigning, compensating and discharging personnel, third party service providers,
subcontractors and consultants in connection with performance of the Services and notwithstanding anything to the contrary herein, in no event shall a Provider be obligated under this Agreement to retain or hire any specific personnel, third party
service providers, subcontractors or consultants, acquire any equipment or technology, expand or modify any facilities or incur any capital expenditures, unless the Provider agrees, in its sole discretion, to do so, and the Recipient agrees to bear
all related costs and expenses in accordance with the terms hereof. Notwithstanding anything to the contrary herein, and for clarity, in no event shall Parent or its Affiliates have any obligation to favor operation of the SpinCo Business over its
own business operations or those of its Affiliates. 
 Section 3.3    Disclaimer. RECIPIENT HEREBY
ACKNOWLEDGES THAT PROVIDER AND ITS AFFILIATES DO NOT ORDINARILY PROVIDE THE SERVICES CONTEMPLATED UNDER THIS AGREEMENT TO THIRD PARTIES AS PART OF THEIR RESPECTIVE BUSINESS ACTIVITIES. ACCORDINGLY, EXCEPT AS OTHERWISE EXPRESSLY PROVIDED IN THIS
AGREEMENT, RECIPIENT ACKNOWLEDGES AND AGREES THAT THE SERVICES ARE PROVIDED “AS IS”, THAT RECIPIENT ASSUMES ALL RISK AND LIABILITY ARISING FROM OR RELATING TO ITS USE AND RELIANCE UPON THE SERVICES, AND NEITHER PROVIDER NOR ITS AFFILIATES
NOR ANY OF THEIR RESPECTIVE REPRESENTATIVES MAKES ANY REPRESENTATIONS OR WARRANTIES OF ANY KIND WHATSOEVER, EXPRESS OR IMPLIED, AT LAW OR IN EQUITY, BY STATUTE OR OTHERWISE, IN CONNECTION WITH OR WITH RESPECT TO ANY OF THE SERVICES. PROVIDER AND ITS
AFFILIATES AND THEIR RESPECTIVE REPRESENTATIVES DISCLAIM ALL OTHER EXPRESS AND ALL IMPLIED WARRANTIES RELATING TO THE SERVICES, INCLUDING IMPLIED WARRANTIES OF QUALITY, MERCHANTABILITY AND FITNESS FOR A PARTICULAR USE OR PURPOSE, ALL WARRANTIES
ARISING OUT OF COURSE OF DEALING OR USAGE OF TRADE AND THE NON-INFRINGEMENT OF ANY INTELLECTUAL PROPERTY RIGHTS OF THIRD PARTIES.  

Section 3.4    Impracticability. No Provider shall be required to perform any Service to the extent the
performance of such Service becomes impracticable as a result of a cause outside the reasonable control of such Provider, including an act of God or public enemy, war, terrorism, government acts or regulations, administrative acts or decisions,
fire, flood, embargo, quarantine, epidemic, pandemic or disease outbreak (including COVID-19) or worsening thereof, labor strike or work stoppage by workers, accident, closing of ports, unusually severe
weather or any other cause similar to any of the foregoing, or to the extent the provision of such Service would require such Provider to violate any applicable Law or any existing contract or agreement with a third party (any such cause or legal,
policy or contractual impediment, an “Impracticability Event”). Such Provider shall promptly notify the applicable Recipient upon learning of such Impracticability Event and shall use commercially reasonable efforts to resolve or
work around 

  
 7 

 
any such Impracticability Event and to resume the performance of a suspended Service as soon as reasonably practicable. During the period of an Impracticability Event, to the extent Provider
fails to provide any Services because substitute services are not commercially reasonable or technically feasible, Recipient shall be relieved of its obligation to pay the applicable Service Fee on a pro rata basis for such period (i.e., with
the applicable Service Fee reduced by a percentage equivalent to the length of such temporary nonperformance as related to the number of days in the billing cycle for the applicable Services). 

Section 3.5    Operations; Facilities. If a Recipient intends to modify the current operation or facilities
(including changing location of facilities) of the Parent Business or the SpinCo Business, as applicable, in any material respect, and such modified operations or facilities would prevent the Provider from performing the Services or materially
increase the cost to provide any Services, the Recipient shall promptly, and in any event at least 30 days prior to such modification, notify the Provider of such intended modifications. The Parties shall negotiate in good faith to continue the
provision of the relevant Services and, failing such agreement, the Provider shall not be required to provide such Services to the extent affected by such modification. 

Section 3.6    Indemnification. 

(a)    Subject to the limitations set forth in Section 3.7, except as otherwise specifically set
forth in the Separation Agreement or in any Ancillary Agreement, Parent shall, and shall cause the members of the Parent Group to, defend, indemnify and hold harmless SpinCo, each member of the SpinCo Group and each of their respective past, present
and future directors, officers, employees and agents, in each case in their respective capacities as such, and each of the heirs, executors, successors and assigns of any of the foregoing (collectively, the “SpinCo Indemnified
Parties”), from any and all Liabilities incurred by such SpinCo Indemnified Parties to the extent relating to, arising out of or resulting from (i) the material breach of this Agreement by Parent or any of its Affiliates, or
(ii) the fraud, bad faith, gross negligence or willful misconduct of Parent or any of its Affiliates in performing their respective obligations under this Agreement. 

(b)    Subject to the limitations set forth in Section 3.7, except as otherwise specifically set
forth in the Separation Agreement or in any Ancillary Agreement, SpinCo shall, and shall cause the members of the SpinCo Group to, defend, indemnify and hold harmless Parent, each member of the Parent Group and each of their respective past, present
and future directors, officers, employees and agents, in each case in their respective capacities as such, and each of the heirs, executors, successors and assigns of any of the foregoing (collectively, the “Parent Indemnified
Parties”), from any and all Liabilities incurred by such Parent Indemnified Parties to the extent relating to, arising out of or resulting from (i) the material breach of this Agreement by SpinCo or any of its Affiliates, or
(ii) the fraud, bad faith, gross negligence or willful misconduct of Parent or any of its Affiliates in performing their respective obligations under this Agreement. 

(c)    To the extent that Parent and SpinCo have indemnification obligations to one another in connection with a single
Action, Parent and SpinCo shall contribute to the aggregate Liabilities arising from such Action in such proportion as is appropriate to reflect their relative Liabilities, as well as any other relevant equitable considerations. The amount paid or
payable by Parent or SpinCo for purposes of apportioning the aggregate Liabilities shall be deemed to include all reasonable legal fees and expenses incurred by such Party in connection with investigating,

  
 8 

 
preparing for or defending against such Action. If the Parties cannot agree on an allocation of any such Liabilities for Actions, they shall resolve the matter pursuant to the procedures set
forth in Article VII of the Separation Agreement. 
 (d)    The procedures for indemnification set forth in Sections
4.5, 4.6 and 4.7 of the Separation Agreement shall govern claims for indemnification under this Agreement, mutatis mutandis. 

(e)    The indemnities contained in this Section 3.6 shall survive for a period of
12 months after the expiration or termination of this Agreement for any reason. Notwithstanding the preceding sentence, any Action in respect of which indemnity may be sought under this Agreement shall survive the time at which it would
otherwise terminate pursuant to the preceding sentence if a written notice of an indemnification claim shall have been given by the Party seeking indemnification prior to the expiration of the 12-month
survival period. 
 (f)    Tax Matters Agreement Coordination. The provisions of Section 3.6(a)-(e) shall
not apply to Taxes to the extent specifically addressed in the Tax Matters Agreement, subject to the terms thereof. It is understood and agreed that Taxes and Tax matters, including the control of Tax-related
proceedings, shall be governed by the Tax Matters Agreement to the extent specifically addressed in the Tax Matters Agreement, subject to the terms thereof. In the case of any conflict or inconsistency between this Agreement and the Tax Matters
Agreement in relation to any matters addressed by the Tax Matters Agreement, the Tax Matters Agreement shall prevail. All capitalized terms used in this Section 3.6(f) but not defined in this Agreement have the meaning
ascribed thereto in the Separation Agreement. 
 Section 3.7    Limitation of Liability. NOTWITHSTANDING
ANYTHING TO THE CONTRARY IN THIS AGREEMENT, TO THE GREATEST EXTENT PERMITTED BY APPLICABLE LAW, (A) NO PROVIDER SHALL BE RESPONSIBLE FOR ANY ACT OR OMISSION OF ANY RECIPIENT OR SUCH RECIPIENT’S AFFILIATES OR REPRESENTATIVES
IN RESPECT OF THE SERVICES; (B) IN NO EVENT SHALL EITHER PARTY OR ITS AFFILIATES OR REPRESENTATIVES BE LIABLE FOR NEGLIGENCE (OTHER THAN GROSS NEGLIGENCE) IN PERFORMING THEIR OBLIGATIONS UNDER THIS AGREEMENT; AND
(C) IN NO EVENT SHALL EITHER PARTY OR ITS AFFILIATES OR REPRESENTATIVES BE LIABLE FOR ANY CONSEQUENTIAL DAMAGES THAT ARE NOT REASONABLY FORESEEABLE OR ANY PUNITIVE OR SPECIAL DAMAGES, LOSS OF REVENUE, INCOME OR PROFITS, DOWNTIME,
DIMINUTION IN THE VALUE OR PERFORMANCE OR ANY MULTIPLE THEREOF AND DIMINUTION OR LOSS OF BUSINESS, REPUTATION OR OPPORTUNITY OR ANY MULTIPLE THEREOF, ARISING FROM OR RELATING TO ANY ACT OR OMISSION UNDER THIS AGREEMENT; PROVIDED, HOWEVER, THAT THE
LIMITATIONS OF LIABILITY IN THIS CLAUSE (C) SHALL NOT APPLY TO LOSSES RESULTING FROM SUCH PARTY’S OR ITS AFFILIATE’S FRAUD, BAD FAITH OR WILLFUL MISCONDUCT OR FOR THIRD PARTY CLAIMS SUBJECT TO INDEMNIFICATION PURSUANT TO
SECTION 3.6. NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN, THE LIABILITY OF EACH PROVIDER AND ITS AFFILIATES WITH RESPECT TO THIS AGREEMENT OR ANYTHING DONE (OR OMITTED) IN CONNECTION HEREWITH, INCLUDING THE 

  
 9 

 
PERFORMANCE OR BREACH HEREOF, OR FROM THE SALE, DELIVERY, PROVISION OR USE OF ANY OF THE SERVICES PROVIDED UNDER OR PURSUANT TO THIS AGREEMENT, WHETHER IN CONTRACT, IN TORT OR OTHERWISE, SHALL
NOT EXCEED THE AGGREGATE SERVICES FEES PAID IN THE IMMEDIATELY PRECEDING ONE-YEAR PERIOD TO THE PROVIDER AND ITS AFFILIATES PURSUANT TO THIS AGREEMENT. 

ARTICLE IV 

CONFIDENTIALITY; INTELLECTUAL PROPERTY; DATA SECURITY 

Section 4.1    Confidentiality. Section 6.9 of the Separation Agreement is hereby incorporated by
reference herein (but for this purpose, only to the extent applicable to this Agreement, and not to the Separation Agreement or any other Ancillary Agreement), with such sections applying to all Parties hereunder as the context allows. 

Section 4.2    Intellectual Property. 

(a)    Each Provider, for itself and on behalf of its Affiliates, hereby grants to each Recipient and such
Recipient’s Affiliates, and each Recipient, for itself and on behalf of its Affiliates, hereby grants to each Provider and such Provider’s Affiliates, a non-exclusive, revocable, non-transferable (except as provided in Section 6.3), non-sublicenseable (except to third parties as required for the provision or receipt of Services, but not for their own independent
use), royalty-free, worldwide license to use any Intellectual Property which is owned or controlled by the granting Party or such granting Party’s Affiliates (including, for clarity, any and all improvements, modifications, enhancements or
derivative works thereof owned by such granting Party or its Affiliates), solely to the extent and for the duration necessary for the Provider to provide, or the Recipient to receive, the applicable Service under this Agreement. 

(b)    Except as expressly provided in this Agreement (including any Service Schedule), no Recipient shall otherwise
acquire any right, title or interest (including any license rights or rights of use) in any such Intellectual Property by reason of the provision of the Services. Any Intellectual Property that is created, authored, conceived of, made, or otherwise
developed by or on behalf of a Provider or its Representatives in performing the Services will remain, as between the Parties, the sole property of (and exclusively owned by) such Provider; provided that (a) such Recipient shall own any written
reports or tangible deliverables (whether in paper, electronic, or other form) resulting from the performance of the Services that Provider, at a Recipient’s request, prepares specifically for and delivers to such Recipient is hereby assigned
to such Recipient; and (b) such Provider, for itself and on behalf of its Affiliates, hereby grants to such Recipient and such Recipient’s Affiliates a non-exclusive, irrevocable, perpetual, non-transferable (except as provided in Section 6.3), non-sublicenseable (except to third parties as required for the provision or receipt of Services, but not for their own independent
use), royalty-free, worldwide license to use any Intellectual Property which is owned by such Provider or such Provider’s Affiliates (including, for clarity, any and all improvements, modifications, enhancements or derivative works thereof
owned by such Provider or its Affiliates) that is contained in such written reports or tangible deliverables solely to the extent necessary for such Recipient and its Affiliates to use such written reports or tangible deliverables for their intended
purpose in the conduct of their business. To the extent any right, title or interest in or to any 

  
 10 

 
Intellectual Property created by a Provider hereunder vests in a Recipient, by operation of law or otherwise, in a manner contrary to the agreed upon ownership as set forth in this
Section 4.2, such Recipient hereby presently assigns (and without limiting the foregoing, agrees in the future to assign) to such Provider any and all such right, title or interest in and to such Intellectual Property. 

(c)    Except as expressly set forth herein, each Party expressly acknowledges that nothing contained herein shall be
construed or interpreted as a grant or transfer, by implication or otherwise, of any licenses or other rights in Intellectual Property. 

Section 4.3    Data Protection; Information Security and Privacy. 

(a)    Each Party shall ensure that it complies in all material respects with all applicable requirements of privacy and
data protection Laws and the Data Protection Agreement in relation to its performance under this Agreement. 

(b)    Each Provider will maintain commercially reasonable security measures to protect the confidentiality, integrity and
availability of the systems utilized to provide the Services, and the related data (including confidential, proprietary and personal information and protected health information). Each Provider shall use commercially reasonable measures to protect
any data owned by the other Provider and shared with such Provider, consistent with such Provider’s practices in protecting its own data, but in no event less than customary and reasonable practices or as required by applicable privacy and
cybersecurity laws. 
 (c)    In the event of a security incident or data breach impacting a Provider’s systems,
related data or Services, the Provider shall give notice of such security incident or data breach, provide a description of the nature and scope of the incident, and provide reasonable assistance and cooperation in any investigation, as soon as
possible but in no event less than required by applicable privacy and cybersecurity laws or contracts. No Provider shall notify or otherwise disclose the existence of any security incident or data breach related to the other Party’s data
(including confidential, proprietary and personal information and protected health information), without the consent of the other Party, unless otherwise required by applicable privacy and cybersecurity laws or contracts. 

ARTICLE V 
 TERM AND
TERMINATION 
 Section 5.1    Term. The term of this Agreement shall commence as of the Effective
Date and, subject to earlier termination pursuant to Section 5.3, shall expire upon the last to expire or terminate of the Service Periods. 

Section 5.2    Service Periods; Renewals. Subject to earlier termination pursuant to
Section 5.3, this Agreement shall terminate with respect to any Service upon the expiration or termination of the Service Period for such Service. Any Service Period may be renewed or extended only by mutual written
agreement of the Parties pursuant to Section 1.1(b). 

  
 11 

 Section 5.3    Termination. 

(a)    A Party (the “Non-Breaching Party”) may terminate this
Agreement with respect to any Service, in whole but not in part, at any time upon 30 days’ prior written notice to the other Party (the “Breaching Party”) if the Breaching Party (or its Affiliate) has failed to perform any of
its material obligations under this Agreement relating to such Service, and such failure shall have continued without cure for a period of 30 days after receipt by the Breaching Party of a written notice of such failure from the Non-Breaching Party. For the avoidance of doubt, failure of a Party to pay amounts owed with respect to a Service in accordance with this Agreement shall be deemed a breach for purposes of this
Section 5.3(a). 
 (b)    A Recipient may terminate this Agreement with respect to any
Service, in whole but not in part, at any time upon 60 days’ prior written notice to the applicable Provider for any reason or no reason; provided, that, if earlier notice is otherwise required by the terms of a contract with a
subcontractor, the notice period with respect to the applicable Service shall be the notice period set forth in such contract, plus 10 days. Upon early termination by a Recipient with respect to any Service pursuant to this
Section 5.3(b), Recipient shall reimburse Provider (or its Affiliates) for such reasonable and foreseeable documented out-of-pocket fees, costs
and expenses (the “Termination Charges”) as may be incurred by Provider (or its Affiliates) as a result of such early termination or significant reduction of such Service. Such Termination Charges are either set forth on a Service
Schedule or shall be provided to Recipient upon request. Such Termination Charges may include wind-down costs, breakage fees, early termination fees or charges, minimum volume make-up charges or other amounts
payable to third parties or internal costs incurred by Provider (or its Affiliates) in its commercially reasonable efforts to discontinue the provision of such Services. Provider shall, and shall cause its Affiliates to, use commercially reasonable
efforts to minimize the existence and amount of such Termination Charges; provided, that the foregoing obligations shall not alter or diminish Recipient’s obligation to pay Termination Charges as reasonably determined by Provider in
accordance with the terms hereof. 
 (c)    This Agreement may be terminated, in whole or in part (including with
respect to any particular Service), by mutual written agreement of the Parties at any time. Such written agreement shall specify the effective date of termination and the applicable terms and conditions in connection therewith. 

Section 5.4    Survival of Obligations. The expiration or termination of this Agreement or of any Service
Period for any reason shall not relieve the Parties of any obligation that accrued prior to such expiration or termination, including all obligations of any Recipient to pay any Service Fees due to any Provider hereunder. The provisions in the
following Sections and Articles shall survive the expiration or termination of this Agreement or any Service Period for any reason: Sections 3.3, 3.6, 3.7, 4.1 and 5.4; and
Article VI. 
 ARTICLE VI 

MISCELLANEOUS 

Section 6.1    Severability. If any provision of this Agreement or the application thereof to any Person or
circumstance is determined by a court of competent jurisdiction to be invalid, void or unenforceable, the remaining provisions hereof or thereof, or the application of such provision to Persons or circumstances or in jurisdictions other than those
as to which it has been held invalid or unenforceable, shall remain in full force and effect and shall in no way be affected, 

  
 12 

 
impaired or invalidated thereby. Upon such determination, the Parties shall negotiate in good faith in an effort to agree upon such a suitable and equitable provision to effect the original
intent of the Parties. 
 Section 6.2    Notices. All notices, requests, claims, demands or other
communications under this Agreement shall be in writing and shall be given or made (and except as provided herein, shall be deemed to have been duly given or made upon receipt) by delivery in person, by overnight courier service, by certified mail,
return receipt requested, or by electronic mail (“e-mail”), so long as confirmation of receipt of such e-mail is requested and received, to the
respective Parties at the following addresses (or at such other address for a Party as shall be specified in a notice given in accordance with this Section 6.2): 

If to Parent, to: 
 c/o Zimmer
Biomet Holdings, Inc. 
 345 East Main Street 

Warsaw, Indiana 46580 
 Attention:
General Counsel 
 Email: legal.americas@zimmerbiomet.com 

with copies (which will not constitute notice) to: 

White & Case LLP 
 1221
Avenue of the Americas 
 New York, New York 10020-1095 

Attention: Morton A. Pierce, Esq. 

Michelle B. Rutta, Esq. 
 Robert
Chung, Esq. 
 Email: morton.pierce@whitecase.com 

michelle.rutta@whitecase.com 

robert.chung@whitecase.com 
 and

 Faegre Drinker Biddle & Reath LLP 

600 East 96th Street, Suite 600 

Indianapolis, Indiana 46240 

Attention: Trevor J. Belden 
 E-mail: trevor.belden@faegrebd.com 
 If to SpinCo, to: 

ZimVie Inc. 
 10225 Westmoor Dr.

 Westminster, Colorado 80021 

Attention: Heather Kidwell, 

                 Senior Vice President, Chief Legal and

                  Compliance Officer and 

                 Corporate Secretary 

Email: heather.kidwell@zimmerbiomet.com 

with copies (which will not constitute notice) to:     

  
 13 

 White & Case LLP 

1221 Avenue of the Americas 
 New
York, New York 10020-1095 
 Attention: Morton A. Pierce, Esq. 

Michelle B. Rutta, Esq. 
 Robert
Chung, Esq. 
 Email: morton.pierce@whitecase.com 

michelle.rutta@whitecase.com 

robert.chung@whitecase.com 
 and

 Faegre Drinker Biddle & Reath LLP 

600 East 96th Street, Suite 600 

Indianapolis, Indiana 46240 

Attention: Trevor J. Belden 
 E-mail: trevor.belden@faegrebd.com 
 Section 6.3    Assignability. This
Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors and permitted assigns; provided, however, that neither Party may assign its rights or delegate its obligations under this Agreement
without the express prior written consent of the other Party. Notwithstanding the foregoing, no such consent shall be required for the assignment of a Party’s rights and obligations under this Agreement in connection with a Change of Control of
a Party so long as the resulting, surviving or transferee Person assumes all the obligations of the assigning Party by operation of Law or pursuant to an agreement in form and substance reasonably satisfactory to the
non-assigning Party. 
 Section 6.4    Third Party Beneficiaries.
Except as provided in Section 3.6 with respect to SpinCo Indemnified Parties and Parent Indemnified Parties (in their respective capacities as such), (a) the provisions of this Agreement are solely for the benefit of the
Parties and are not intended to confer upon any other Person any rights or remedies hereunder, and (b) there are no third-party beneficiaries of this Agreement and this Agreement shall not provide any third party with any remedy, claim,
Liability, reimbursement, claim of action or other right in excess of those existing without reference to this Agreement. 

Section 6.5    Waiver of Default. Waiver by a Party of any default by the other Party of any provision of this
Agreement must be in writing and shall not be deemed a waiver by the waiving Party of any subsequent or other default, nor shall it prejudice the rights of the other Party. No failure or delay by a Party in exercising any right, power or privilege
under this Agreement shall operate as a waiver thereof, nor shall a single or partial exercise thereof prejudice any other or further exercise thereof or the exercise of any other right, power or privilege. 

Section 6.6    Dispute Resolution. Article VII of the Separation Agreement is hereby incorporated by reference
herein (but for this purpose, only to the extent applicable to this Agreement, and not to the Separation Agreement or any other Ancillary Agreement). Parent designates its SVP of Strategy or his or her designee and SpinCo designates its SVP of
Strategy or his or her designee for purposes of Section 7.1(a) of the Separation Agreement. Each Party may replace its designee upon written notice to the other Party. 

  
 14 

 Section 6.7    Governing Law. 

(a)     This Agreement (and any claims or disputes arising out of or related hereto or thereto or to the transactions
contemplated hereby or to the inducement of any party to enter herein, whether for breach of contract, tortious conduct or otherwise and whether predicated on common law, statute or otherwise) shall be governed by and construed and interpreted in
accordance with the Laws of the State of Delaware irrespective of the choice of laws principles of the State of Delaware, including all matters of validity, construction, effect, enforceability, performance and remedies. 

(b)    Subject to the provisions of Section 6.6, each of the Parties hereto hereby irrevocably
and unconditionally submits, for itself and its property, to the exclusive jurisdiction of the Court of Chancery of the State of Delaware, or, if (and only if) such court finds it lacks subject matter jurisdiction, the Federal court of the United
States of America sitting in Delaware, and appellate courts thereof, or, if (and only if) such court finds it lacks jurisdiction, another state court in the State of Delaware, in any action or proceeding arising out of or relating to this Agreement
for recognition or enforcement of any judgment or award relating hereto, and each of the Parties hereby irrevocably and unconditionally (i) agrees not to commence any such action or proceeding except in the Court of Chancery of the State of
Delaware, or, if (and only if) such court finds it lacks subject matter jurisdiction, the Federal court of the United States of America sitting in Delaware, and appellate courts thereof, or, if (and only if) such court finds it lacks jurisdiction,
another state court in the State of Delaware, (ii) agrees that any claim in respect of any such action or proceeding may be heard and determined in the Court of Chancery of the State of Delaware, or, if (and only if) such court finds it lacks
subject matter jurisdiction, the Federal court of the United States of America sitting in Delaware, and appellate courts thereof, or, if (and only if) such court finds it lacks jurisdiction, another state court in the State of Delaware,
(iii) waives, to the fullest extent it may legally and effectively do so, any objection that it may now or hereafter have to the laying of venue of any such action or proceeding in such courts and (iv) waives, to the fullest extent
permitted by applicable Law, the defense of an inconvenient forum to the maintenance of such action or proceeding in such courts. 

Section 6.8    Headings. The article, section and paragraph headings contained in this Agreement are for
reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. 

Section 6.9    Interpretation. In this Agreement, (a) words in the singular shall be deemed to include
the plural and vice versa and words of one gender shall be deemed to include the other genders as the context requires; (b) the terms “hereof,” “herein,” and “herewith” and words of similar import shall, unless
otherwise stated, be construed to refer to this Agreement as a whole (including all of the Schedules, Exhibits and Appendices hereto and thereto) and not to any particular provision of this Agreement; (c) Article, Section, Schedule, Exhibit and
Appendix references are to the Articles, Sections, Schedules, Exhibits and Appendices to this Agreement, unless otherwise specified; (d) unless otherwise stated, all references to any agreement shall be deemed to include the exhibits, schedules
and annexes to such agreement; (e) the word “including” and words of similar import when used in this Agreement shall mean “including, without limitation,” unless otherwise specified; (f) the word “or” shall
not be exclusive; (g) unless otherwise specified in a particular case, the word “days” refers to calendar days; (h) references to 

  
 15 

 
“business day” shall mean any day other than a Saturday, a Sunday or a day on which banking institutions are generally authorized or required by Law to close in New York, New York;
(i) references herein to this Agreement or any other agreement contemplated herein shall be deemed to refer to this Agreement or such other agreement as of the date on which it is executed and as it may be amended, modified or supplemented
thereafter, unless otherwise specified; and (j) the word “extent” in the phrase “to the extent” shall mean the degree to which a subject or other thing extends, and such phrase shall not mean simply “if.” 

Section 6.10    Amendment. No provisions of this Agreement shall be deemed waived, amended, supplemented or
modified by a Party, unless such waiver, amendment, supplement or modification is in writing and signed by the authorized representative of the Party against whom it is sought to enforce such waiver, amendment, supplement or modification. 

Section 6.11    Counterparts; Entire Agreement; Corporate Power. 

(a)    This Agreement may be executed in one or more counterparts, all of which shall be considered one and the same
agreement, and shall become effective when one or more counterparts have been signed by each of the Parties and delivered to the other Party. 

(b)    This Agreement, the Separation Agreement and the other Ancillary Agreements and the Exhibits, Schedules and
appendices hereto and thereto contain the entire agreement between the Parties with respect to the subject matter hereof, supersede all previous agreements, negotiations, discussions, writings, understandings, commitments and conversations with
respect to such subject matter, and there are no agreements or understandings between the Parties other than those set forth or referred to herein or therein. This Agreement, the Separation Agreement and the Ancillary Agreements together govern the
arrangements in connection with the Separation and the Distribution and would not have been entered into independently. 

(c)    Parent represents on behalf of itself and, to the extent applicable, each of its Subsidiaries, and SpinCo
represents on behalf of itself and, to the extent applicable, each of its Subsidiaries, as follows: 
 (i)    each such
Person has the requisite corporate or other power and authority and has taken all corporate or other action necessary in order to execute, deliver and perform this Agreement and to consummate the transactions contemplated hereby; and 

(ii)    this Agreement has been duly executed and delivered by it and constitutes a valid and binding agreement of it
enforceable in accordance with the terms thereof. 
 (d)    Each Party acknowledges and agrees that delivery of an
executed counterpart of a signature page to this Agreement (whether executed by manual, stamp or mechanical signature) by facsimile or by e-mail in portable document format (.pdf) shall be effective as
delivery of such executed counterpart of this Agreement. Each Party expressly adopts and confirms each such facsimile, stamp or mechanical signature (regardless of whether delivered in person, by mail, by courier, by facsimile or by e-mail in portable document format (.pdf)) made in its respective name as if it were a manual signature delivered in person, agrees that it shall not assert that any such signature or delivery is not adequate to
bind such Party to the same extent as if it were signed manually and delivered in person and agrees that, at the reasonable request of the other Party at 

  
 16 

 
any time, it shall as promptly as reasonably practicable cause this Agreement to be manually executed (any such execution to be as of the date of the initial date thereof) and delivered in
person, by mail or by courier. 
 Section 6.12    Specific Performance. Subject to the provisions of
Section 6.6, in the event of any actual or threatened default in, or breach of, any of the terms, conditions and provisions of this Agreement, the Party or Parties who are, or are to be, thereby aggrieved shall have the
right to specific performance and injunctive or other equitable relief in respect of their respective rights under this Agreement, in addition to any and all other rights and remedies at law or in equity, and all such rights and remedies shall be
cumulative. The Parties agree that the remedies at law for any breach or threatened breach, including monetary damages, are inadequate compensation for any loss and that any defense in any action for specific performance that a remedy at law would
be adequate is waived. Any requirements for the securing or posting of any bond with such remedy are waived by each of the Parties. Unless otherwise agreed in writing, Provider shall continue to provide Services and the Parties shall honor all other
commitments under this Agreement during the course of dispute resolution pursuant to the provisions of Section 6.6 with respect to all matters not subject to such dispute; provided, however, that this
obligation shall only exist during the term of this Agreement. 
 Section 6.13    Mutual Drafting. This
Agreement shall be deemed to be the joint work product of the Parties and any rule of construction that a document shall be interpreted or construed against a drafter of such document shall not be applicable. 

Section 6.14    Further Assurances. Subject to the terms of this Agreement, each Party shall take, or cause to
be taken, any and all reasonable actions, including the execution, acknowledgement, filing and delivery of any and all documents and instruments that any other Party may reasonably request in order to effect the intent and purpose of this Agreement
and the transactions contemplated hereby. 
 Section 6.15    Audit Assistance. Each of the Parties and their
respective Subsidiaries are or may be subject to regulation and audit by a Governmental Authority (including a Taxing Authority), standards organizations, customers or other parties to contracts with such Parties or their respective Subsidiaries
under applicable Law, standards or contract provisions. If a Governmental Authority, standards organization, customer or other party to a contract with a Party or its Subsidiary exercises its right to examine or audit such Party’s or its
Subsidiary’s books, records, documents or accounting practices and procedures pursuant to such applicable Law, standards or contract provisions, and such examination or audit relates to the Services, then the other Party shall provide, at the
sole cost and expense of the requesting Party, all assistance reasonably requested by the Party that is subject to the examination or audit in responding to such examination or audits or requests for information, to the extent that such assistance
or Information is within the reasonable control of the cooperating Party and is related to the Services. 
 ARTICLE VII 

DEFINITIONS 

Section 7.1    Definitions. For purposes of this Agreement (including the Recitals hereof), the following
terms have the following meanings: 

  
 17 

 “Action” has the meaning set forth in the Separation Agreement. 

“Affiliate” has the meaning set forth in the Separation Agreement. 

“Agreement” has the meaning set forth in the Preamble. 

“Ancillary Agreement” has the meaning set forth in the Separation Agreement. 

“Breaching Party” has the meaning set forth in Section 5.3(a). 

“Change of Control” has the meaning set forth in the Separation Agreement. 

“Consents” has the meaning set forth in Section 1.5. 

“Data Protection Agreement” means the Data Protection Agreement, dated as of the Effective Date, in substantially the form
attached as Annex C hereto. 
 “Distribution” has the meaning set forth in the Separation Agreement. 

“Due Date” has the meaning set forth in Section 2.3. 

“Exchange Rate” means, at any time, Parent’s most recent monthly transaction rate, as determined in the ordinary course
of business consistent with past practice. 
 “Governmental Authority” has the meaning set forth in the Separation
Agreement. 
 “Impracticability Event” has the meaning set forth in Section 3.4. 

“Intellectual Property” has the meaning set forth in the Separation Agreement. 

“Law” has the meaning set forth in the Separation Agreement. 

“Level of Service” has the meaning set forth in Section 3.1. 

“Liabilities” has the meaning set forth in the Separation Agreement. 

“New Parent-Provider Service” has the meaning set forth in Section 1.1(b). 

“New Services” has the meaning set forth in Section 1.1(b). 

“New SpinCo-Provider Service” has the meaning set forth in Section 1.1(b). 

“Non-Breaching Party” has the meaning set forth in
Section 5.3(a). 
 “Parent Business” has the meaning set forth in the Separation Agreement. 

“Parent Group” has the meaning set forth in the Separation Agreement. 

  
 18 

 “Parent Indemnified Parties” has the meaning set forth in
Section 3.6(b). 
 “Parent-Provider Service Fees” has the meaning set forth in
Section 2.1. 
 “Parent-Provider Service Schedule” has the meaning set forth in
Section 1.1(a). 
 “Parent-Provider Services” has the meaning set forth in
Section 1.1(a). 
 “Parent Reimbursable Costs” has the meaning set forth in
Section 2.2. 
 “Person” has the meaning set forth in the Separation Agreement. 

“Provider” has the meaning set forth in Section 1.1(a). 

“Recipient” has the meaning set forth in Section 1.1(a). 

“Reimbursable Costs” has the meaning set forth in Section 2.2. 

“Representatives” has the meaning set forth in the Separation Agreement. 

“Sales Tax” has the meaning set forth in Section 2.5(a). 

“Separation” has the meaning set forth in the Separation Agreement. 

“Service Baseline Period” has the meaning set forth in Section 3.1. 

“Service Fees” has the meaning set forth in Section 2.1. 

“Service Period” has the meaning set forth in Section 1.1(a). 

“Service Schedule” has the meaning set forth in Section 1.1(a). 

“Services” has the meaning set forth in Section 1.1(a). 

“SpinCo Business” has the meaning set forth in the Separation Agreement. 

“SpinCo Group” has the meaning set forth in the Separation Agreement. 

“SpinCo Indemnified Parties” has the meaning set forth in Section 3.6(a). 

“SpinCo-Provider Service Fees” has the meaning set forth in Section 2.1. 

“SpinCo-Provider Service Schedule” has the meaning set forth in Section 1.1(a). 

“SpinCo-Provider Services” has the meaning set forth in Section 1.1(a). 

“SpinCo Reimbursable Costs” has the meaning set forth in Section 2.2. 

“Subsidiary” has the meaning set forth in the Separation Agreement. 

  
 19 

 “Tax” has the meaning set forth in the Separation Agreement. 

“Taxing Authority” means a national, foreign, municipal, state, federal or other Governmental Authority responsible for the
administration of any Tax. 
 “Termination Charges” has the meaning set forth in Section 5.3(b).

 “VAT” has the meaning set forth in Section 2.5(a). 

[Remainder of page intentionally left blank; 

Signatures appear on following page] 

  
 20 

 IN WITNESS WHEREOF, this Agreement has been executed and delivered by the Parties as of the
Effective Date. 
  

			
	 ZIMMER BIOMET HOLDINGS, INC.

		
	 By:
	 	 
	 Name:
	 	  

	 Title:
	 	  

  

			
	 ZIMVIE INC.

		
	 By:
	 	 
	 Name:
	 	  

	 Title:EX-10.4

 Exhibit 10.4 

Form of 
 Intellectual
Property Matters Agreement 
 by and between 

ZIMMER BIOMET HOLDINGS, INC. 
  

and 
 ZIMVIE INC. 

 TABLE OF CONTENTS 

 

							
	1.	    	Definitions	  	 	1	 
			
	2.	    	License Grants	  	 	4	 
			
	3.	    	Intellectual Property	  	 	5	 
			
	4.	    	Representations and Warranties; Covenants	  	 	7	 
			
	5.	    	LIMITATION OF LIABILITY	  	 	7	 
			
	6.	    	Confidentiality	  	 	7	 
			
	7.	    	Residual Knowledge	  	 	8	 
			
	8.	    	Term and Termination; Remedies	  	 	9	 
			
	9.	    	Miscellaneous	  	 	9	 

  
 i 

 INTELLECTUAL PROPERTY MATTERS AGREEMENT 

THIS INTELLECTUAL PROPERTY MATTERS AGREEMENT (this “Agreement”) is made effective as of [●], 2022 (the
“Effective Date”), by and between Zimmer Biomet Holdings, Inc., a Delaware corporation (“Parent”), and ZimVie Inc., a Delaware corporation (“SpinCo”). Each of Parent and SpinCo may individually be
referred to in this Agreement as a “Party” and collectively as the “Parties.” 
 RECITALS 

WHEREAS, pursuant to that certain Separation and Distribution Agreement, dated as of [●], by and between Parent and SpinCo (as it
may be amended or supplemented, the “Separation and Distribution Agreement” or “SDA”), Parent and the other members of the Parent Group (as defined in the SDA) have contributed, assigned, transferred, conveyed and
delivered to SpinCo (as defined in the SDA), all of the right, title and interest of Parent and the other members of the Parent Group in and to the SpinCo Intellectual Property (as defined in the SDA), in accordance with and subject to the terms and
conditions of the SDA; 
 WHEREAS, pursuant to the Separation and Distribution Agreement, the Parties have agreed to deliver, or
cause to be delivered, executed copies of this Agreement on or prior to the Effective Time (as defined in the SDA); 
 WHEREAS,
Parent and the other members of the Parent Group desire to grant to SpinCo and the other members of the SpinCo Group, and SpinCo and the other members of the SpinCo Group desire to be granted, certain
non-exclusive licenses under the Licensed Parent IP (as defined below) in accordance with and subject to the terms and conditions of this Agreement; and 

WHEREAS, SpinCo and the other members of the SpinCo Group desire to grant to Parent and the other members of the Parent Group, and
Parent and the other members of the Parent Group desire to be granted, certain non-exclusive licenses under the Licensed SpinCo IP (as defined below) in accordance with and subject to the terms and conditions
of this Agreement. 
 NOW, THEREFORE, in consideration of the mutual agreements, provisions and covenants contained in this Agreement
and the Separation and Distribution Agreement and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, hereby agree as follows: 

1.    Definitions. Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such
terms in the Separation and Distribution Agreement. For the purpose of this Agreement, the following terms shall have the following meanings: 

1.1    “Acquired Party” has the meaning set forth in
Section 9.4(b). 
 1.2    “Agreement” has the meaning set
forth in the preamble. 
 1.3    “Control” or “Controlled” means, with
respect to any Intellectual Property owned or licensed by a Person, the legal authority or right of such Person to grant a license or sublicense of or under such Intellectual Property as provided for herein, without (a) violating the terms of
any agreement or arrangement with, or rights of, any Third Party, (b) requiring any consent, approvals, or waivers from any Third Party, or (c) requiring the payment or granting of any consideration to any Third Party. 

1.4    “Copyrights” mean any and all mask work rights, industrial designs, design and
database rights, works of authorship (whether or not copyrightable), copyrights, copyrights and copyrightable subject matter and similar rights in protectable material, including “moral”, “economic” rights and all applications
and registrations for the foregoing, but in each case, excluding Know-How. 

 1.5    “Derivative Product” means, with
respect to a product of a Licensed Party, any successor, extension, upgrade, or new or enhanced version of such product (or other derivative that arises from the natural evolution of such product) that (a) is substantially based on the same
design and materials as such product, have substantially the same features as such product, and perform substantially the same functions as such product; and (b) is created, generated, or developed by or on behalf of the Licensed Party or any
of its Affiliates (or any of their respective permitted successors or permitted assigns), whether contemplated as of the Effective Time or thereafter. 

1.6    “Divested Licensed Products” has the meaning set forth in
Section 9.4(c). 
 1.7    “Excluded IP” means any and all
Intellectual Property primarily used (or held for use) in or primarily relating to the following: (i) Rosa® Surgical Robot; (ii) Trabecular MetalTM Technology (including the manufacturing materials and methods therefor); (iii) WalterLorenz® Surgical Assist Arm; (iv) MyMobility® Platform; (v) Mixed Reality/Augmented Reality technology; (vi) Surgical Navigation (NaviscoutTM); (vii) VerteGen/Equivabone;
(viii) Mimix®; (vix) Mimix®; (vx) Otomimix; (xxi) Calcigen®-S; (xxii) ProOsteon; and (xxiii) CapSpheres. Excluded IP also means any and all “Technology” and “Improvements” as those terms are defined in the Fiber DBM License Agreement. 

1.8    “Existing Products” has the meaning set forth in
Section 9.4(b). 
 1.9    “Improvement” means, with respect to
any Intellectual Property, any other Intellectual Property that is an improvement, enhancement, derivative work, modification, adaptation, or new application of, or that otherwise relates to, such original Intellectual Property (whether or not
protectable under applicable Intellectual Property law). 
 1.10    “Insolvency Event”
means, with respect to a Party: (a) the Party files in any court or agency pursuant to any statute or regulation of any state or country, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment
of a receiver or trustee of the Party or of its assets; (b) if the Party proposes a written agreement of composition or extension of its debts; (c) if the Party is served with an involuntary petition against it, filed in any insolvency
proceeding, and such petition shall not be dismissed within sixty (60) days after the filing thereof; (d) if the Party proposes or is party to any dissolution or liquidation; or (e) if the Party makes an assignment for the benefit of
creditors 
 1.11    “Intellectual Property” means mean any and all intellectual
property, whether registered or unregistered, of every kind and description throughout the world, including any and all United States and non-United States: (a) Trademarks; (b) Patents;
(c) Copyrights; (d) rights in Software; (e) Know-How; (f) all applications and registrations for the foregoing; (g) rights of privacy, publicity and in or with respect to social media; and
(h) all rights to sue and collect damages or remedies for past, present, and future infringement, misappropriation, or other violation thereof 

1.12    “Intellectual Property Improvement” has the meaning set forth in
Section 3.1. 

1.13    “Know-How” means mean any and all trade
secrets and other confidential or proprietary information, know-how, technical, scientific, regulatory and other information, data (including biological, chemical, pharmacological, toxicological,
pharmaceutical, physical and analytical, safety, quality control, manufacturing, preclinical, non-clinical, in-vitro, regulatory, technical, or clinical data)
inventions, invention disclosures, creations, techniques, compositions, processes, specifications, tools, apparatus, formulae, and methodologies, but in each case, excluding Patents. 

  
 2 

 1.14    “Licensed Parent IP” means all
Intellectual Property (other than Trademarks and rights of privacy, publicity and in or with respect to social media), in each case, Controlled by any member of Parent Group as of immediately after the Effective Time that is necessary for or
otherwise used or practiced as of the Effective Time in the developing, designing, manufacturing, having manufactured, importing, exporting, selling, offering for sale, marketing, distributing and other commercializing of SpinCo Products, including
instruments, services, and software (as they exist as of the Effective Date) and surgical and treatment techniques associated therewith. For the avoidance of doubt, “Licensed Parent IP” excludes the Excluded IP. 

1.15    “Licensed Parent Products” means any products or services of Parent, as of the
Effective Date, and any Derivative Products thereof, including, for clarity, products or services in the research and development pipeline of Parent as of the Effective Date. 

1.16    “Licensed Party” means a Party in its capacity as a licensee under this Agreement.

 1.17    “Licensing Party” means a Party in its capacity as a licensor under this
Agreement. 
 1.18    “Licensed Product” means, as applicable, each of the Licensed
SpinCo Products or the Licensed Parent Products. 
 1.19    “Licensed SpinCo IP” means
all Intellectual Property (other than Trademarks and rights of privacy, publicity and in or with respect to social media), in each case, Controlled by any member of SpinCo Group as of immediately after the Effective Time that is necessary for or
otherwise used or practiced as of the Effective Time in the developing, designing, manufacturing, having manufactured, importing, exporting, selling, offering for sale, marketing, distributing and other commercializing of Licensed Parent Products,
including instruments, services, and software (as they exist as of the Effective Date) and surgical and treatment techniques associated therewith. For the avoidance of doubt, “Licensed SpinCo IP” (a) includes the SpinCo Intellectual
Property; and (b) excludes the Excluded IP. 
 1.20    “Licensed SpinCo Products”
means the SpinCo Products and any Derivative Products thereof. 
 1.21    “Party” and
“Parties” have the meaning set forth in the preamble. 

1.22    “Parent” has the meaning set forth in the preamble. 

1.23    “Parent Field” means any field other than the SpinCo Field. 

1.24    “Parent License” has the meaning set forth in
Section 2.2. 
 1.25    “Patents” means: (i) all
national, regional and international patents and patent applications, including provisional patent applications, whether pending, enforced, abandoned or expired; (ii) all patent applications filed either from the patents, patent applications or
provisional applications in clause (i) or from an application claiming priority from any of these, including divisionals, continuations, continuations-in-part,
converted provisionals, and continued prosecution applications; (iii) all patents that have issued or in the future issue from the foregoing or counterparts thereof patent applications specified in clauses (i) and (ii), including utility
models, petty patents, design patents and certificates of invention; and (iv) all patent term extensions or restorations by existing or future extension or restoration mechanisms, including any supplementary protection certificates and the
like, as well as any revalidations, reissues, re-examinations, oppositions and the like of the foregoing patents or patent applications specified in clauses (i), (ii) and (iii). 

  
 3 

 1.26    “Purchaser” has the meaning set
forth in Section 9.4(c). 
 1.27    “Separation and Distribution
Agreement” or “SDA” has the meaning set forth in the preamble. 

1.28    “SpinCo” has the meaning set forth in the preamble. 

1.29    “SpinCo Field” means the field of (a) developing, designing, manufacturing,
having manufactured, importing, exporting, selling, offering for sale, marketing, distributing and otherwise commercializing: (i) either (A) dental reconstructive implants, dental prosthetic products, dental regenerative products, dental
treatment design or planning software or services, digital dentistry products or services, (B) implants or surgical instruments whose primary purpose is the placement of bone fixation or motion preservation devices in or attachment to the
vertebral column (including pedicle screws, disc repair and/or replacement devices, and the placement of interbody fusion or motion preservation devices for the treatment of degenerative conditions, deformities, disease, tumors or traumatic injury
of the spine) or (C) non-invasive and implantable bone growth stimulation products; and (ii) any and all associated instrumentation (including patient specific instrumentation), treatment or surgical
planning, surgical navigation and surgical techniques and (b) seeking and maintaining all necessary approvals in connection with any of the foregoing, provided, however, that the “Field” expressly excludes: the development, design,
manufacture, having manufactured, importation, exportation, sale, offer for sale, marketing, distribution or other commercialization of products, instruments or surgical techniques primarily related to the brain, brain stem, spinal cord,
maxillofacial surgery, craniomaxillofacial reconstructive surgery, orthognathic surgery, and/or craniotomy procedures (including, for clarity, brain biopsy procedures, brain ablation procedures, deep brain stimulation, nerve root stimulation,
epidural needle placement, and/or dural procedures such as for the removal of spinal cord tumors). 

1.30    “SpinCo License” has the meaning set forth in
Section 2.1. 
 2.    License Grants. 

2.1    Grant of Rights to SpinCo and its Affiliates. Subject to the terms and conditions of this
Agreement, Parent on behalf of itself and its Affiliates, hereby grants to SpinCo and its Affiliates a non-exclusive perpetual, irrevocable, transferable (in accordance with
Section 9.4), fully paid-up and royalty-free right and license (with the right to grant sublicenses in accordance with Section 2.3(a)) under: 

(a)    the Licensed Parent IP to develop, design, make, have made, use, sell, offer to sell, market,
distribute, import, dispose of and otherwise exploit Licensed SpinCo Products in the SpinCo Field, and 

(b)    any Copyrights included in the Licensed Parent IP to reproduce, distribute, perform, display, and
create derivative works of the Copyrights included in the Licensed Parent IP in the SpinCo Field 
 (the “SpinCo License”).

 2.2    Grant of Rights to Parent and its Affiliates. Subject to the terms and conditions of
this Agreement, SpinCo on behalf of itself and its Affiliates, hereby grants to Parent and its Affiliates a non-exclusive, perpetual, irrevocable, transferable (in accordance with
Section 9.4), fully paid-up and royalty-free right and license (with the right to grant sublicenses in accordance with Section 2.3(b)) under: 

  
 4 

 (a)    the Licensed SpinCo IP to develop, design, make,
have made, use, sell, offer to sell, market, distribute, import, dispose of and otherwise exploit Licensed Parent Products in the Parent Field, and 

(b)    any Copyrights included in the Licensed SpinCo IP to reproduce, distribute, perform, display, and
create derivative works from of the Copyrights included in the Licensed SpinCo IP in the Parent Field 
 (the “Parent
License”). 
 2.3    Sublicense Rights. 

(a)    SpinCo and its Affiliates shall have the right to grant sublicenses under the SpinCo License to :
(i) have all or part of any Licensed SpinCo Products made by a Third Party contractor for the use, sale, offer for sale, marketing, distribution, importation, disposition, and other exploitation by SpinCo or its Affiliates or (ii) a Purchaser
(as defined below) pursuant to Section 9.4(c). Any such sublicense shall be in writing and shall be consistent with and subject to the terms of this Agreement in so far as such terms relate to the SpinCo License, including
Section 6. SpinCo shall be responsible for any breach of this Agreement that is caused (directly or indirectly) by the performance (or failure to perform) of any of SpinCo’s sublicensees. 

(b)    Parent and its Affiliates shall have the right to grant sublicenses under the Parent License to:
(i) have all or part of any Licensed Parent Product made by a Third Party contractor for the use, sale, or offer for sale, marketing, distribution, importation, disposition, and other exploitation by Parent or its Affiliates or (ii) a
Purchaser (as defined below) pursuant to Section 9.4(c). Any such sublicense shall be in writing and shall be consistent with and subject to the terms of this Agreement in so far as such terms relate to the Parent License,
including Section 6. Parent shall be responsible for any breach of this Agreement that is caused (directly or indirectly) by the performance (or failure to perform) of any of Parent’s sublicensees. 

2.4    No Implied Licenses. Except as expressly set forth in this Agreement, no licenses,
sublicenses or other rights are granted to any Licensed Party (whether implied, by estoppel or otherwise) under this License Agreement and any rights not expressly granted by any Licensing Party hereunder are reserved by such Licensing Party. 

3.    Intellectual Property. 

3.1    Ownership of Improvements. The ownership of any Improvements to the Licensed Parent IP or the
Licensed SpinCo IP, or the subject matter described or claimed therein, as applicable, that are created, authored, conceived of, made, or otherwise developed by or on behalf of either Party or any of its Affiliates after the Effective Date (each, an
“Intellectual Property Improvement”) will be determined in accordance with applicable United States Laws (regardless of where the applicable activities occurred). 

3.2    No License to Intellectual Property Improvements. Each Party expressly acknowledges and
agrees that no right or license, express or implied, is granted hereunder in or to any Intellectual Property Improvements by either Party as the Licensing Party to the other Party as the Licensed Party. Neither Party shall have any obligation to
provide or deliver to the other Party with any Intellectual Property (including any Intellectual Property Improvement) or embodiment 

  
 5 

 
thereof. Any decision to apply for a patent or other protection on any Intellectual Property Improvement shall be at the sole discretion and expense of the Party that owns such Intellectual
Property Improvement. 
 3.3    Ownership under the Separation and Distribution Agreement or any other
Ancillary Agreements. Notwithstanding any provision of this Agreement to the contrary, ownership of any Intellectual Property under the Separation and Distribution Agreement or any other Ancillary Agreements shall be as described therein. 

3.4    Prosecution and Maintenance. 

(a)    As between the Parties, Parent shall have the sole and exclusive right, but not the obligation, to
obtain, prosecute (including carrying out any interferences, reissue proceedings and re-examinations), and maintain throughout the world (whether directly or through its Affiliates, Subsidiaries or Third Party
designees), the Licensed Parent IP at its expense. 
 (b)    As between the Parties, SpinCo shall have
the sole and exclusive right, but not the obligation, to obtain, prosecute (including carrying out any interferences, reissue proceedings and re-examinations), and maintain throughout the world (whether
directly or through its Affiliates, Subsidiaries or Third Party designees), the Licensed SpinCo IP at its expense. 

3.5    Notice of Infringement. If a Licensed Party becomes aware of any actual or threatened
infringement or violation by any Third Party of the Intellectual Property licensed to the Licensed Party under this Agreement, then the Licensed Party shall notify the Licensing Party of such infringement. 

3.6    Enforcement and Defense. 

(a)    As between the Parties, Parent shall have the sole and exclusive right, but not the obligation, to
enforce and defend the Licensed Parent IP (whether directly or through its Affiliates, Subsidiaries or Third Party designees), including the institution of any Action for infringement of the Licensed Parent IP at its sole expense. As between the
Parties, Parent shall have the sole and exclusive right to control the prosecution of any such Action it commences (whether directly or through its Affiliates, Subsidiaries or Third Party designees) and shall be entitled to retain any and all
damages awarded or paid pursuant to any settlement of such Action. 
 (b)    As between the Parties,
SpinCo shall have the sole and exclusive right, but not the obligation, to enforce and defend the Licensed SpinCo IP (whether directly or through its Affiliates, Subsidiaries or Third Party designees), including the institution of any Action for
infringement of the Licensed SpinCo IP at its sole expense. As between the Parties, SpinCo shall have the sole and exclusive right to control the prosecution of any such Action it commences (whether directly or through its Affiliates, Subsidiaries
or Third Party designees) and shall be entitled to retain any and all damages awarded or paid pursuant to any settlement of such Action. 

3.7    Cooperation. Upon the initiating Party’s request and at the initiating Party’s
expense, the other Party agrees to reasonably cooperate with such initiating Party in the prosecution, maintenance and enforcement of Intellectual Property rights licensed under this Agreement. 

  
 6 

 4.    Representations and Warranties; Covenants. 

4.1    Representations and Warranties. Each of Parent (on behalf of itself and its Affiliates (as
applicable)) and SpinCo (on behalf of itself and its Affiliates (as applicable)) makes the representations and warranties set forth in this Section 4.1 to the other Party as of the Effective Date. 

(a)    It is duly organized, validly existing, and in good standing under the laws of its jurisdiction of
formation. It has full corporate power and authority to execute, deliver, and perform this Agreement, and the execution, delivery and performance by it of this Agreement have been duly authorized by all requisite corporate action. 

(b)    This Agreement constitutes a valid and legally binding agreement enforceable against it in
accordance with its terms (except as the enforceability thereof may be limited by applicable Laws). 

4.2    Compliance with Laws. Each Party shall comply, and shall cause its Affiliates and
sublicensees to comply, with all applicable Laws in performing its and their obligations and exercising its and their rights pursuant to this Agreement. 

4.3    DISCLAIMER. EXCEPT AS MAY BE EXPRESSLY PROVIDED IN SECTION 4 OF THIS AGREEMENT,
NEITHER PARTY MAKES, AND EACH PARTY EXPRESSLY DISCLAIMS, UNDER THIS AGREEMENT, ANY REPRESENTATIONS AND WARRANTIES, WHETHER EXPRESS OR IMPLIED AND WHETHER UNDER THIS AGREEMENT OR AT LAW, INCLUDING ANY REPRESENTATION OR WARRANTY (A) OF QUALITY,
MERCHANTABILITY, SUITABILITY OR FITNESS FOR A PARTICULAR PURPOSE, TITLE, VALIDITY OR ENFORCEABILITY, (B) ARISING FROM COURSE OF DEALING, COURSE OF PERFORMANCE OR TRADE USAGE OR (C) THAT ANY INTELLECTUAL PROPERTY LICENSED FROM ONE PARTY TO
THE OTHER PARTY HEREUNDER MAY BE PRACTICED WITHOUT INFRINGING THE INTELLECTUAL PROPERTY RIGHTS OF ANY THIRD PARTY. 

5.    LIMITATION OF LIABILITY. EXCEPT TO THE EXTENT ARISING FROM CLAIMS THAT A LICENSED PARTY HAS PRACTICED ANY
INTELLECTUAL PROPERTY LICENSED UNDER THIS AGREEMENT OUTSIDE OF THE SCOPE OF THE LICENSE GRANTED UNDER THIS AGREEMENT TO SUCH LICENSED PARTY OR BREACHES OF SECTION 6 HEREOF, TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, NEITHER PARTY WILL
BE LIABLE TO THE OTHER FOR ANY SPECIAL, INCIDENTAL, INDIRECT, COLLATERAL, CONSEQUENTIAL OR PUNITIVE DAMAGES, LOST PROFITS SUFFERED OR SIMILAR ITEMS (INCLUDING LOSS OF REVENUE, INCOME OR PROFITS, DIMINUTION OF VALUE OR LOSS OF BUSINESS REPUTATION OR
OPPORTUNITY), OR DAMAGES CALCULATED ON MULTIPLES OF EARNINGS OR OTHER METRIC APPROACHES, HOWEVER CAUSED AND ON ANY THEORY OF LIABILITY, IN CONNECTION WITH ANY DAMAGES ARISING HEREUNDER. 

6.    Confidentiality. 

6.1    Duty of Confidence. Subject to the other provisions of this
Section 6, all Confidential Information disclosed by a Party or its Affiliates under this Agreement will be maintained in confidence and otherwise safeguarded by the recipient Party. The recipient Party may only use and
disclose the Confidential Information of the other Party for the purposes of this Agreement. Subject to the other provisions of this Section 6, each Party shall hold as confidential such Confidential Information of the
other Party or its Affiliates in the same manner and with the same protection as such recipient Party maintains its own confidential information. Except as 

  
 7 

 
expressly provided in this Section 6, a recipient Party may only disclose Confidential Information of the other Party to employees, agents, contractors, consultants and
advisers of the recipient Party and its Affiliates to the extent reasonably necessary for the purposes of, and for those matters undertaken pursuant to, this Agreement; provided that such Persons are bound to maintain the confidentiality of
the Confidential Information in a manner consistent with the confidentiality provisions of this Agreement. 

6.2    Exceptions. The obligations under this Section 6 shall not
apply to any information to the extent that the recipient Party can demonstrate by competent evidence that such information: 

(a)    is (at the time of disclosure) or becomes (after the time of disclosure) known to the public or part
of the public domain through no breach of this Agreement by the recipient Party or its Affiliates; 

(b)    was known to, or was otherwise in the possession of, the recipient Party or its Affiliates prior to
the time of disclosure by the disclosing Party or any of its Affiliates; 
 (c)    is disclosed to the
recipient Party or an Affiliate on a non-confidential basis by a Third Party who is entitled to disclose it without breaching any confidentiality obligation to the disclosing Party or any of its Affiliates; or

 (d)    is independently developed by or on behalf of the recipient Party or its Affiliates, as
evidenced by its written records, without reference to the Confidential Information disclosed by the disclosing Party or its Affiliates under this Agreement. 

Specific aspects or details of Confidential Information shall not be deemed to be within the public domain or in the possession of the recipient Party merely
because the Confidential Information is embraced by more general information in the public domain or in the possession of the recipient Party. Further, any combination of Confidential Information shall not be considered in the public domain or in
the possession of the recipient Party merely because individual elements of such Confidential Information are in the public domain or in the possession of the recipient Party unless the combination and its principles are in the public domain or in
the possession of the recipient Party. 
 6.3    Authorized Disclosures. In the
event that the recipient Party is required to disclose Confidential Information of the disclosing Party pursuant to applicable Law or in connection with bona fide legal process, such disclosure shall not be a breach of this Agreement;
provided that the recipient Party (a) informs the disclosing Party as soon as reasonably practicable of the required disclosure, (b) limits the disclosure to the required purpose, and (c) at the disclosing Party’s request
and expense, to the extent permitted by applicable Law, assists in an attempt to object to or limit the required disclosure. 

7.    Residual Knowledge Notwithstanding anything to the contrary in this Agreement, each Party acknowledges the
practical difficulty of policing the use of information in the unaided memory of the other Party or its Affiliates and its and their officers, directors, employees and agents, and as such each Party agrees that the other Party shall not be liable
for the use by any of its or its Affiliates’ officers, directors, employees or agents of specific Confidential Information of the first Party (or any of the first Party’s Affiliates) that is retained in the unaided memory of such officer,
director, employee or agent; provided that (a) such officer, director, employee or agent is not aware that such Confidential Information is the Confidential Information of the first Party at the time of such use; (b) the foregoing is not
intended to grant, and shall not be deemed to grant, the other Party, its Affiliates or its officers, directors, employees and agents (i) a right to disclose the first Party’s Confidential Information, or (ii) a license under any
Intellectual Property of the first Party; and (c) such officer, director, employee or agent has not intentionally memorized such Confidential Information for use outside this Agreement. 

  
 8 

 8.    Term and Termination; Remedies. 

8.1    Term. The term of this Agreement shall be perpetual, unless earlier terminated in accordance
with Section 8.2. 
 8.2    Termination. 

(a)    This Agreement may be terminated in its entirety upon the mutual written agreement of the Parties.

 (b)    Without prejudice to any rights that have accrued under this Agreement or any of its rights and
remedies, each Party may terminate this Agreement solely with respect to the rights and licenses granted from such terminating Party by giving ninety (90) calendar days prior written notice to the other Party: 

(i)    if the other Party commits material breach of any of its obligations under this Agreement and, if
that breach is capable of remedy, the other Party has failed to remedy that breach within ninety (90) calendar days after receipt of written notice requiring it to remedy that breach; 

(ii)    if an Insolvency Event with respect to the other Party has occurred. 

8.3    Remedies Cumulative. In the event of a breach of this Agreement by either Party, the non-breaching Party shall be entitled to seek monetary damages or injunctive or other equitable relief in addition to any other rights or remedies it may have under this Agreement. 

8.4    Effects of Termination; Survival. In the event that this Agreement is terminated in its
entirety, all rights and obligations of either Party under this Agreement shall immediately terminate, including the licenses granted under Section 2 and any sublicenses subsequently granted by SpinCo or Parent, as
applicable. Further, the following provisions of this Agreement shall survive any termination (whether in part or in its entirety) of this Agreement Section 5 (Limitation of Liability),
Section 6 (Confidentiality), Section 8.3 (Remedies Cumulative), Section 8.4 (Effects of Termination; Survival), Section 9
(Miscellaneous) and Section 1 (Definitions) (to the extent necessary to give effect to the foregoing sections in this sentence). 

9.    Miscellaneous. 

9.1    Interpretation. Unless the context of this Agreement otherwise requires: (a) words in
the singular shall be deemed to include the plural and vice versa and words of one gender shall be deemed to include the other genders as the context requires; (b) the terms “hereof,” “herein,” and “herewith” and
words of similar import shall, unless otherwise stated, be construed to refer to this Agreement (or the Separation and Distribution Agreement) as a whole (including all of the Schedules, Exhibits and Appendices hereto and thereto) and not to any
particular provision of this Agreement (or the Separation and Distribution Agreement); (c) Article, Section, Schedule, Exhibit and Appendix references are to the Articles, Sections, Schedules, Exhibits and Appendices to this Agreement (or, as
applicable, or the Separation and Distribution Agreement), unless otherwise specified; (d) unless otherwise stated, all references to any agreement (including this Agreement and the Separation and Distribution Agreement) shall be deemed to
include the exhibits, schedules and annexes (including all Schedules, Exhibits and Appendixes) to such agreement; (e) the word “including” and words of similar import when used in this Agreement (or the Separation and Distribution
Agreement) shall mean “including, without limitation,” unless otherwise specified; (f) the word “or” shall not be exclusive; (g) unless otherwise specified in a particular case, the word “days” refers to
calendar days; (h) references to “business day” shall mean any day other than a 

  
 9 

 
Saturday, a Sunday or a day on which banking institutions are generally authorized or required by law to close in New York, New York; (i) references herein to this Agreement or any other
agreement contemplated herein shall be deemed to refer to this Agreement or such other agreement as of the date on which it is executed and as it may be amended, modified or supplemented thereafter, unless otherwise specified; (j) the word
“extent” in the phrase “to the extent” shall mean the degree to which a subject or other thing extends, and such phrase shall not mean simply “if”; and (k) unless expressly stated to the contrary in this Agreement
or the Separation and Distribution Agreement, all references to “the date hereof,” “the date of this Agreement,” “hereby” and “hereupon” and words of similar import shall all be references to the Effective
Date. 
 9.2    Notices. All notices, requests, claims, demands or other communications under this
Agreement and, to the extent applicable, shall be in writing and shall be given or made (and except as provided herein, shall be deemed to have been duly given or made upon receipt) by delivery in person, by overnight courier service, by certified
mail, return receipt requested, or by e-mail, so long as confirmation of receipt of such e-mail is requested and received, to the respective Parties at the following
addresses (or at such other address for a Party as shall be specified in a notice addressed as follows): 
 If to Parent, to: 

Zimmer Biomet Holdings, Inc. 
 345
East Main Street 
 Warsaw, Indiana 46580 

Attention: General Counsel 
 E-mail: legal.americas@zimmerbiomet.com 
 with a copy (which shall not constitute notice), to: 

White & Case LLP 
 1221
Avenue of the Americas 
 New York, New York 10020-1095 

Attention: Morton A. Pierce, Esq. 

Michelle B. Rutta, Esq. 
 Robert
Chung, Esq. 
 E-mail:     morton.pierce@whitecase.com 

michelle.rutta@whitecase.com 

robert.chung@whitecase.com 
 If
to SpinCo, to: 
 ZimVie Inc. 

10225 Westmoor Dr., 
 Westminster,
Colorado 80021 
 Attention: Senior Vice President, 

                 Chief Legal and 

                 Compliance Officer and 

                 Corporate Secretary 

E-mail: heather.kidwell@zimmerbiomet.com 

with a copy (which shall not constitute notice), to: 

White & Case LLP 
 1221
Avenue of the Americas 
 New York, New York 10020-1095 

Attention: 

  
 10 

      Morton A. Pierce, Esq. 

     Michelle B. Rutta, Esq. 

     Robert Chung, Esq. 

E-mail:     morton.pierce@whitecase.com 

     michelle.rutta@whitecase.com 

     robert.chung@whitecase.com 

or to such other address or addresses as the Parties may from time to time designate in writing by like notice. 

9.3    Amendment; Waiver. No provisions of this Agreement shall be deemed waived, amended,
supplemented or modified by a Party, unless such waiver, amendment, supplement or modification is in writing and signed by the authorized representative of the Party against whom it is sought to enforce such waiver, amendment, supplement or
modification. 
 9.4    Assignability; Change of Control. 

(a)    The rights, benefits and obligations of each Party under (or relating to) this Agreement (including
any licenses or sublicenses granted pursuant to this Agreement) are personal to such Party. A Party may not assign (including in a bankruptcy or similar proceeding) or assume in a bankruptcy or similar proceeding this Agreement or any rights,
benefits or obligations under or relating to this Agreement, in each case whether by operation of law or otherwise, without the other Party’s prior written consent (which shall not be unreasonably withheld, conditioned, or delayed);
provided that a Party may, with notice to the other Party but without the consent of the other Party, assign or transfer its rights and obligations under this Agreement in whole or in part to one or more of its Affiliates; provided
that no such assignment by a Party to an Affiliate shall release such Party from its obligations under this Agreement. In the event of a permitted assignment, this Agreement shall be binding upon and inure to the benefit of the Parties and their
respective permitted successors and permitted assigns. Any attempted assignment that contravenes the terms of this Agreement shall be void ab initio and of no force or effect. 

(b)    In the event of a Change of Control of either Party (the “Acquired Party”) the
licenses set forth herein shall survive and shall be enforceable by the acquiring or surviving party, but the definition of “SpinCo Licensed Products” or “Parent Licensed Products” (as the case may be, i.e., SpinCo Licensed
Products if SpinCo is the Acquired Party, Parent Licensed Products if Parent is the Acquired Party) shall thereafter be limited, with respect to the Acquired Party (but, for clarity, not the other Party), to only those products which such Acquired
Party had made generally commercially available prior to the effective date of the Change of Control (“Existing Products”) and Derivative Products of such Existing Products. For the avoidance of doubt: (i) the Existing Products
of the Acquired Party (i.e., SpinCo Licensed Products or Parent Licensed Product, as applicable) will not include any products made available by the acquirer or any of its Affiliates prior to the Change in Control or any Derivative Products of such
products; (ii) the Intellectual Property of the acquiring party shall not be included in the licensed Intellectual Property of the Acquired Party (i.e., the Licensed SpinCo IP or Licensed Parent IP) and therefore shall not be subject to the
Acquired Party’s licenses hereunder; and (iii) the definition of SpinCo Licensed Products or Parent Licensed Products, as the case may be, shall continue to apply to Existing Products of the Acquired Party notwithstanding the rebranding of
such Existing Product by an acquirer.

  
 11 

 (c)    From time to time, a Licensed Party may
elect to divest a business or product line to a third-party purchaser (the “Purchaser”). In such event, the Licensed Party shall be entitled to grant a limited sublicense to the Purchaser (subject to providing written notice
thereof and a copy of the sublicense agreement to the Licensing Party), under all of the license rights granted under this Agreement, for the sole purpose of permitting the Purchaser to make, have made, use, import, sell, offer for sale, lease,
dispose of, and otherwise commercialize such Licensed Party’s Licensed Products in the form that they existed as of the effective date of such divestiture and any Derivative Products thereof (collectively, the “Divested Licensed
Products”); provided that (i) the Licensed Party shall enter into such sublicense with such Purchaser pursuant to a written sublicense agreement requiring the sublicensee to comply with the terms and conditions set forth in this
Agreement; (ii) the Purchaser shall be entitled to exercise all of the sublicensed rights under this Agreement solely with respect to the Divested Licensed Products; and (iii) the Purchaser may further exercise the sublicense rights set
forth in this Section 9.4(c) (subject to providing written notice to the Licensing Party) only in the event of its subsequent sale of a business or product line that includes the Divested Licensed Products (but no further
sublicenses shall be permitted thereafter). 
 9.5    Entire Agreement. This Agreement contains
the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior agreements and understandings, oral or written, with respect to such matters, except for (a) the Separation and Distribution Agreement
(and the Exhibits, Schedules and Annexes thereto) and (b) the other Ancillary Agreements and any other written agreement of the Parties that expressly provides that it is not superseded by this Agreement. In the event and to the extent that
there shall be a conflict between the provisions of this Agreement and the provisions of the Separation and Distribution Agreement, this Agreement shall control with respect to the subject matter hereof, and the Separation and Distribution Agreement
shall control with respect to all other matters; provided that any Action relating to the prosecution, maintenance, enforcement and defense of any Intellectual Property licensed under this Agreement, including any Action for infringement
against the other Party, shall be considered subject matter under this Agreement, and in the event of conflict between this Agreement and the Separation and Distribution Agreement with respect to such matters, this Agreement shall control. 

9.6    Parties in Interest. This Agreement will inure to the benefit of and be binding upon the
Parties and their respective successors and permitted assigns. Except as expressly set forth herein, nothing in this Agreement, express or implied, is intended to confer upon any Person other than the Parties or their successors or permitted
assigns, any rights or remedies under or by reason of this Agreement. 
 9.7    Expenses. Except
as otherwise expressly provided in this Agreement, all costs and expenses incurred in connection with this Agreement and the transactions contemplated hereby shall be borne by the Party incurring such costs and expenses. 

9.8    Governing Law; Jurisdiction. 

(a)    This Agreement (and any claims or disputes arising out of or related hereto or to the inducement of
any party to enter herein, whether for breach of contract, tortious conduct or otherwise and whether predicated on common law, statute or otherwise) shall be governed by and construed and interpreted in accordance with the Laws of the State of
Delaware irrespective of the choice of laws principles of the State of Delaware, including all matters of validity, construction, effect, enforceability, performance and remedies. 

  
 12 

 (b)    Subject to the provisions of Article VII of the
Separation and Distribution Agreement, each of the Parties hereby irrevocably and unconditionally submits to the exclusive jurisdiction of the Court of Chancery of the State of Delaware or, if such court shall not have jurisdiction, the United
States District Court for the District of Delaware, or if such court shall not have jurisdiction, the other state courts of the State of Delaware, and any appellate court from any appeal thereof, in any Action arising out of or relating to this
Agreement or the transactions contemplated hereby, and each of the Parties hereby irrevocably and unconditionally (i) agrees not to commence any such Action except in such courts, (ii) agrees that any claim in respect of any such Action
may be heard and determined in the Court of Chancery of the State of Delaware or, to the extent permitted by Law, in such other courts, (iii) waives, to the fullest extent it may legally and effectively do so, any objection which it may now or
hereafter have to the laying of venue of any such Action in the Court of Chancery of the State of Delaware or such other courts, and (iv) waives, to the fullest extent permitted by Law, the defense of an inconvenient forum to the maintenance of
such Action in the Court of Chancery of the State of Delaware or such other courts. 

9.9    Counterparts. This Agreement may be executed in one or more counterparts, all of which shall
be considered one and the same agreement, and shall become effective when one or more counterparts have been signed by each of the Parties hereto or the parties thereto, respectively, and delivered to the other Party hereto or parties thereto,
respectively. 
 9.10    Headings. The article, section and paragraph headings contained in this
Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. 

9.11    Severability. Any provision of this Agreement or the application thereof to any Person or
circumstance is determined by a court of competent jurisdiction to be invalid, void or unenforceable, the remaining provisions hereof or thereof, or the application of such provision to Persons or circumstances or in jurisdictions other than those
as to which it has been held invalid or unenforceable, shall remain in full force and effect and shall in no way be affected, impaired or invalidated thereby. Upon such determination, the Parties shall negotiate in good faith in an effort to agree
upon such a suitable and equitable provision to effect the original intent of the Parties. 

9.12    Rules of Construction. This Agreement shall be deemed to be the joint work product of the
Parties and any rule of construction that a document shall be interpreted or construed against a drafter of such document shall not be applicable. 

9.13    Specific Performance. Subject to the provisions of Article VII of the Separation and
Distribution Agreement, in the event of any actual or threatened default in, or breach of, any of the terms, conditions and provisions of this Agreement, the Party hereto, who are, or are to be, thereby aggrieved shall have the right to specific
performance and injunctive or other equitable relief in respect of their respective rights under this Agreement, in addition to any and all other rights and remedies at law or in equity, and all such rights and remedies shall be cumulative. The
Parties agree that the remedies at law for any breach or threatened breach, including monetary damages, are inadequate compensation for any loss and that any defense in any action for specific performance that a remedy at law would be adequate is
waived. Any requirements for the securing or posting of any bond with such remedy are waived by each of the Parties. 

9.14    Rights in Bankruptcy. All rights and licenses granted under or pursuant to this Agreement by
Parent and SpinCo, including in Section 2, are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or analogous provisions of applicable Law outside the United States,
licenses of right to “intellectual property” as defined under Section 

  
 13 

 
101 of the U.S. Bankruptcy Code or analogous provisions of applicable law outside the United States. Each Party agrees that the other, as licensee of such rights under this Agreement, shall
retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code or any other provisions of applicable Law outside the United States that provide similar protection for such intellectual property. 

9.15    Force Majeure. No Party shall be deemed in default of this Agreement for any delay or
failure to fulfill any obligation (other than a payment obligation) hereunder so long as and to the extent to which any delay or failure in the fulfillment of such obligation is prevented, frustrated, hindered or delayed as a consequence of
circumstances of Force Majeure. In the event of any such excused delay, the time for performance of such obligations (other than a payment obligation) shall be extended for a period equal to the time lost by reason of the delay unless this Agreement
has previously been terminated under Section 8.2. A Party claiming the benefit of this provision shall, as soon as reasonably practicable after the occurrence of any such event, (a) provide written notice to the other
Party of the nature and extent of any such Force Majeure condition; and (b) use commercially reasonable efforts to remove any such causes and resume performance under this Agreement as soon as reasonably practicable. 

9.16    Further Assurances. SpinCo and Parent hereby covenant and agree, without the necessity of
any further consideration, to execute, acknowledge and deliver any and all such other documents and take any such other action as may be reasonably necessary or appropriate to implement this Agreement and carry out the intent and purposes of this
Agreement. 
 9.17    No Agency. Nothing herein contained will be construed to place the Parties
in the relationship of partners, principal and agent, or employer and employee. Neither Party will have the power to assume, create or incur liability or any obligation of any kind, express or implied, in the name of or on behalf of the other Party
by virtue of this Agreement. 
 9.18    Affiliate Status. To the extent that a Party is required
hereunder to take certain action with respect to entities designated in this Agreement as such Party’s Subsidiaries or Affiliates, such obligation shall apply to such entities only during such period of time that such entities are Subsidiaries
or Affiliates of such Party. To the extent that this Agreement requires a Subsidiary or an Affiliate of any Party to take or omit to take any action, such agreement and obligation includes the obligation of such Party to cause such Subsidiary or
Affiliate to take or omit to take such action. 
 9.19    Dispute Resolution. Article VII of the
Separation and Distribution Agreement is hereby incorporated by reference herein (but for this purpose, only to the extent applicable to this Agreement, and not to the Separation and Distribution Agreement or any other Ancillary Agreement). Parent
designates its Vice President, Chief Patent Counsel or their respective designee and SpinCo designates its Senior Patent Counsel or their respective designee for purposes of Section 7.1(a) of the Separation and Distribution Agreement. Each
Party may replace its designee upon written notice to the other Party. 
 [Signature Page Follows] 

  
 14 

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed by their duly
authorized representatives. 
  

			
	ZIMMER BIOMET HOLDINGS, INC.
		
	By:	 	 
	Name:	 	Bryan Hanson
	Title:	 	President and Chief Executive Officer
	
	ZIMVIE INC.
		
	By:	 	 
	Name:	 	Vafa Jamali
	Title:	 	President and Chief Executive Officer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00338-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00338-of-00352.parquet"}]]