Document:

Exhibit 10.5

 

Employment Agreement

 

This Employment Agreement
(“Agreement”) is made and entered into this 31st day of July, 2014, by and between Mark Throdahl (“Employee”)
and OrthoPediatrics Corp. (“Employer”).

 

		1.	Employment.

 

Employer hereby employs Employee
and Employee hereby accepts employment upon the terms and conditions set forth in this Agreement effective July 31, 2014.

 

		2.	Term of Agreement.

 

Subject to the provisions for
termination hereinafter provided, the Term of this Agreement shall commence on July 31, 2014, and continue for a Term of three
(3) years. Thereafter, this Agreement shall automatically renew for successive one (1) year Terms, unless notification
of intent not to renew is provided in writing by either party to the other party thirty (30) days prior to the end of the
Term then in effect.

 

		3.	Duties and Responsibilities.

 

As of July 31, 2014 and
for the Term of this Agreement, Employee shall perform the duties of President & C.E.O. Employee shall execute and perform
all duties related and necessary to his position(s) as determined by Employer. Employee agrees to abide by all by-laws, policies,
practices, procedures, and rules of Employer.

 

Employee shall devote all of
his professional time, efforts, skill and ability to the business of Employer, and shall not, during the Term of this Agreement,
be engaged in any other business activity, whether or not such business activity is pursued for gain, profit or other pecuniary
advantage, unless Employee has obtained the prior written approval of Employer. Further, this Paragraph 3 shall not prevent
Employee from participating in charitable or other not-for-profit activities as long as such activities do not materially interfere
with Employee’s work for Employer.

 

		4.	Business Opportunities.

 

Employee will take no action
that deprives Employer of any business opportunities within the scope of Employee’s existing duties and, should Employee
be offered or become aware of any such opportunities, Employee shall advise Employer in writing, and Employer shall have the right
of first refusal before Employee pursues such opportunity.

 

		5.	Compensation.

 

Employer shall compensate Employee
for services performed during the Term of this Agreement as follows:

 

     

    	 

    

 

		A.	Annual Salary. Employer shall pay Employee a total Annual Salary at the rate of Two Hundred
Fifty-Seven Thousand Five Hundred Dollars ($257,500) (minus all applicable deductions and withholdings, including federal, state,
and local taxes, and FICA) per year, payable in accordance with Employer’s normal payroll policies. Subsequent to the initial
Term of this Agreement, Employer shall review the Annual Salary at a minimum of once per Term for increase consideration.

 

		B.	Bonus Eligibility. Employee shall be eligible to earn bonus compensation as determined by
the Employer’s Compensation Committee (the “Bonus”). Unless expressly provided otherwise in the Bonus program
document, and except as otherwise provided in Section 10.B below, Employee must remain employed by Employer on the date of
payment to earn and become entitled to receive payment of any such Bonus.

 

		C.	Benefits. Employee shall be entitled to all benefits provided to similarly situated full-time
employees of Employer, in accordance with the terms and conditions of the benefit programs and Employer’s policies, excluding
any severance pay program or similar termination benefits. This currently includes, but is not limited to, paid holidays, paid
vacation and health and welfare benefits. Employee understands and agrees that all benefits are subject to change from time to
time at the sole discretion of Employer.

 

		6.	Expense Reimbursement.

 

Employer shall reimburse Employee
for all reasonable out-of-pocket expenses that are incurred by Employee in providing services to Employer hereunder; provided,
however, that Employee provides Employer with reasonable documentation necessary to support such expenses. All expense reimbursement
shall be paid to Employee consistent with Employer’s expense reimbursement policy, in effect from time to time.

 

		7.	Confidential Information and Return of Property.

 

Employee acknowledges that in
the course of his employment with Employer, he will occupy a position of trust and confidence and will have access to and may develop
Confidential Information of actual or potential value to, or otherwise useful to, Employer. “Confidential Information”
means information that the Employer owns or possesses, that it uses or is potentially useful in its business, that it treats as
proprietary, private or confidential, and that is not generally known to the public, including, but not limited to, trade secrets
(as defined by the Indiana Trade Secrets Act, Ind. Code sec. 24-2-3-1, et. seq.), information relating to the
Employer’s business plans, financial condition, operating and other costs, sales, pricing, marketing, ideas, research records,
plans for service improvements and development, lists of actual or potential customers, actual and potential customer usage and
requirements, customer records, lists of referral sources, referral source records, information on product and product development,
inventions, trade secrets, and any other information which derives independent economic value, either actual or potential. Information
supplied to Employee from outside sources and/or third parties will also be presumed to be Confidential Information unless and
until Employer designates it otherwise.

 

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Employee agrees to use Confidential
Information solely in the course of his duties as an employee of Employer and in furtherance of Employer’s business. Employee
hereby further agrees that the above-referenced information will be kept confidential at all times during the Term of this Agreement
and thereafter, that he will not disclose or communicate to any third party any of the Confidential Information and will not make
use of the Confidential Information on his own behalf or on the behalf of a third party.

 

Employee agrees that all Confidential
Information is and shall remain the exclusive property of Employer. Employee agrees to return to Employer on or before Employee’s
termination of employment with Employer all Employer property, information and documents, including and without limitation, all
reports, files, memoranda, records, software, hardware, credit cards, keys, computer access codes or disks, instruction or operational
manuals, handbooks or manuals, written financial information, business plans or other physical and personal property which Employee
received or prepared or helped prepare in connection with his employment with Employer; and Employee agrees that he will not retain
any copies, duplicates, reproductions or excerpts thereof.

 

		8.	Restrictive Covenant.

 

Employee acknowledges and agrees
that in consideration of Employee signing this Agreement and agreeing to its provisions, including the provisions set forth in
this Section 8, Employer is paying Employee severance benefits upon termination by Employer without Cause pursuant to Section 10B
hereof. Employee also acknowledges and agrees that such consideration is (a) adequate consideration to support the restrictive
covenant set forth herein, (b) different from and in addition to any payment or benefits that Employee already was receiving
or had any preexisting right to receive, and (c) consideration that Employee would not receive or have any right to receive
if Employee were to choose not to sign this Agreement. Employee acknowledges that during his employment with Employer, Employee
will have extensive access to Employer’s Confidential Information and may develop business relationships with Employer’s
customers. As a result of the extensive access to Confidential Information and the development of business relationships, Employee
agrees that during the Term of this Agreement, and for a period of one (1) year from the date of Employee’s termination
of employment, Employee shall not, without the prior written consent of Employer, directly or indirectly, for himself or on behalf
of any other person, entity or vendor:

 

		A.	Employ, solicit, contact, or communicate with, for the purpose of hiring, employing or engaging,
any individual who is an employee, commissioned agent, or independent contractor of Employer, or who has been, within the twelve
(12) month period immediately preceding Employee’s termination of employment.

 

		B.	Compete with Employer by participating in any manner in the provision of the business Employee
conducted on behalf of Employer, including, but not limited to, the design, manufacture or marketing of orthopedic products for
children, for any entity or company, or establish a financial interest in (as an owner, stockholder, partner, lender, or other
investor, director, officer, employee, independent contractor, consultant, agent or otherwise) any entity or company, which is
in direct or indirect competition with the business interests of Employer with respect to the design, manufacture or marketing
of orthopedic products for children, to the extent such entity or company operates within the geographical area:

 

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		1.	Where Employer (a) conducts its business activity on the date of Employee’s termination,
or (b) contemplated conducting its business activity at any time during the twelve (12) month period immediately preceding
Employee’s termination of employment; and

 

		2.	Where Employee (a) did business on behalf of Employer at the time of Employee’s termination
of employment, or at any time during the twelve (12) month period immediately preceding Employee’s termination of employment,
or (b) which Employee had access to any Confidential Information regarding.

 

		C.	Contact, canvas, solicit, or accept business with respect to the sale, design, manufacture or marketing
of orthopedic products for children from any Customer or Potential Customer of Employer if such business would be of the type then
being carried on by Employer and which was performed by Employee on behalf of Employer.

 

		D.	Induce, cause, advise, or otherwise influence any Customer or Potential Customer of Employer to
cease doing business with Employer.

 

The term “Customer”
as used herein shall refer to any entity or company: (1) who Employer provides services or products to at the time of Employee’s
termination of employment or at any time during the twelve (12) month period immediately preceding Employee’s termination
of employment; and (2) which Employee did business with on behalf of Employer at the time of Employee’s termination
of employment or at any time during the twelve (12) month period immediately preceding Employee’s termination of employment,
or which Employee had access to any Confidential Information regarding.

 

The term “Potential Customer”
as used herein shall refer to any entity or company: (1) who Employer has solicited, approached, or contracted concerning
the possibility of doing business at the time of Employee’s termination of employment or at any time during the twelve (12) month
period immediately preceding Employee’s termination of employment; and (2) which Employee was involved in any such solicitation,
approach or contact, or which Employee had access to any Confidential Information regarding.

 

Employee acknowledges and agrees
that the restricted period of time, the geographical scope, and the definitions of “Customer” and “Potential
Customer” as used in this Paragraph 8 are reasonable.

 

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		9.	Breach of Agreement.

 

		A.	Employee acknowledges that any breach of Paragraphs 7 or 8 of this Agreement, including all
subparagraphs thereof, by Employee may cause irreparable damage to Employer and that the legal remedies available to Employer will
be inadequate. Therefore, in the event of any threatened or actual breach of Paragraphs 7 or 8 of this Agreement by Employee,
Employee agrees that Employer shall be entitled to specific enforcement of this Agreement through injunctive or other equitable
relief in addition to legal remedies, without the need for posting bond. If Employee is found, by a court of competent jurisdiction,
to have breached any of the terms of Paragraphs 7 or 8 of this Agreement, Employee agrees to pay Employer reasonable attorney’s
fees and costs incurred in seeking relief from Employee’s breach of Paragraphs 7 or 8 of this Agreement, including all
subparagraphs thereof. Further, the restricted periods of time in Paragraph 8 of this Agreement shall be extended by one additional
day for each day a court of competent jurisdiction finds Employee to have been in breach of Paragraph 8 of this Agreement.

 

		B.	Employee and Employer hereby submit to the jurisdiction and venue of the Marion County, Indiana
Courts and the United States District Court for the Southern District of Indiana, as applicable, in any cause of action, claim,
controversy, or dispute arising out of or relating to this Agreement or the breach thereof, including those identified in Paragraph 9.A
of this Agreement, and hereby waive any right to a jury trial.

 

		10.	Termination and Severance Benefits.

 

		A.	Termination by Employer for Cause or Resignation by Employee without Good Reason, or due to
Employee’s Death or Disability. The Term and Employee’s employment hereunder may be terminated by Employer for
Cause and shall terminate automatically upon Employee’s resignation without Good Reason; provided, that Employee
will be required to give Employer at least thirty (30) days’ advance written notice of a resignation without Good Reason.
In addition, the Term and Employee’s employment hereunder may be terminated by Employer upon the Employee’s Disability,
and shall terminate automatically upon Employee’s death (for purposes of clarity, Employee and Employer acknowledge and agree
that a termination due to Disability or death shall not constitute a termination without Cause for purposes of Paragraph 10.B
below). Upon termination for Cause or resignation without Good Reason, or termination due to Disability or death, Employee shall
only receive the portion of his Annual Salary earned through the Termination Date and such employee benefits, if any, as to which
Employee may be entitled under the terms of the applicable plans (the amounts of Annual Salary and any such employee benefits being
referred to as “Accrued Compensation”).

 

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For the purposes of this Agreement,
“Termination Date” shall mean the actual date that Employee’s employment with the Employer and its affiliates
terminates for any reason.

 

As used in this Agreement “Cause”
exists in the event of:

 

		1.	An act or omission by the Employee that constitutes deliberate or willful misconduct, a breach
of fiduciary trust for the purpose of gaining a personal profit, or a violation of any law, rule or regulation;

 

		2.	An act or omission by the Employee that materially and adversely affects the best interests of
the Employer;

 

		3.	An act or omission by the Employee that, under the circumstances, would make it unreasonable to
expect Employer to continue to employ the Employee, including without limitation, (i) the commission of any crime (other than
minor vehicular violations), (ii) the commission or attempted commission of any act of fraud, embezzlement, neglect or negligence
in the performance of Employee’s duties or (iii) any act of malfeasance, substance abuse, sexual harassment, discrimination,
or moral turpitude that, in Employer’s reasonable judgment, reflects adversely on the reputation of Employer;

 

		4.	Material breach of any provision of this Agreement by Employee; or

 

		5.	Willful and continued failure to perform substantially Employee’s duties if such failure
continues for a period of thirty (30) calendar days after Employer delivers to Employee a written demand for substantial performance,
specifically identifying in such written demand the manner in which Employee has not substantially performed his duties.

 

As used in this Agreement, “Disability”
shall mean that Employee, because of accident, disability, or physical or mental illness, is incapable of performing Employee’s
duties to Employer or any affiliate, as determined by the Employer. Notwithstanding the foregoing, Employee will be deemed to have
become incapable of performing Employee’s duties to Employer or any affiliate if (A) Employee is incapable of so doing
for (1) a continuous period of ninety (90) days and remains so incapable at the end of such ninety (90) day period
or (2) periods amounting in the aggregate to ninety (90) days within any one period of one hundred twenty (120) days
and remains so incapable at the end of such aggregate period of one hundred twenty (120) days, (B) Employee qualifies
to receive long-term disability payments under the long-term disability insurance program, as it may be amended from time to time,
covering employees of Employer or an affiliate to which the Employee provides services or (C) Employee is determined to be
totally disabled by the Social Security Administration.

 

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		B.	Termination by Employer without Cause. Employer may immediately terminate Employee’s
employment without Cause. If, during the Term of this Agreement, Employee’s employment is terminated by Employer without
Cause (other than due to death or Disability), including if Employer declines to renew the Term of the Agreement, then Employee
shall be entitled to receive the Accrued Compensation. In addition, subject to Employee’s continuing compliance with the
covenants contained in Paragraphs 7 and 8 of this Agreement and any other similar applicable restrictive covenants with Employer
or an affiliate, and the execution by Employee of a binding general waiver and release of claims in a form acceptable to Employer
(the “Release”) within the time period specified by Employer at the time of the Termination Date (which shall be no
longer than 50 days after the Termination Date) and the expiration of any applicable revocation period with respect to the
Release, if Employee’s employment terminates pursuant to this Paragraph 10.B, then Employee shall be entitled to receive:

 

		1.	Payment of the Bonus, if any, that was earned by Employee in any fiscal year ending prior to the
Termination Date but remains unpaid as of the Termination Date, payable in a lump sum within seventy (70) days after the Termination
Date.

 

		2.	A pro-rated Bonus, if any, upon the satisfaction of any pre-established performance objectives
at the end of the applicable bonus performance period; such payable pro-rata portion of the Bonus shall be determined by multiplying
the Bonus amount by a fraction equal to the number of days of Employee’s employment during such applicable performance period
divided by the total number of days in the applicable performance period. Payment of any pro-rated Bonus under this paragraph
shall be made in the calendar year following the year in which the services were performed, when bonuses are generally paid to
similarly situated employees.

 

		3.	An amount equal to twelve (12) months of the Employee’s then-current Annual Salary,
payable in twelve (12) substantially equal monthly installments commencing with the first regular payroll period following
the expiration of any applicable revocation period with respect to the Release, and in any event, if at all, within seventy (70) days
after the Termination Date.

 

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		4.	Provided that Employee elects, and to the extent that he is and remains eligible for, continuation
coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”) and Employer’s group health
plan, payment of that part of the COBRA premiums for such continued coverage of Employee (and, if applicable as of the Termination
Date, his dependents) that exceeds the amount that Employee would pay for such coverage if he were an active employee of Employer
(“COBRA Subsidies”), starting on the first day following the date on which Employee’s coverage under that plan
as an active employee of Employer ends, and ending on the earlier of (A) the date that twelve (12) months of such COBRA
Subsidies have been paid, or (B) the date on which Employee’s right to continuation coverage under COBRA ends. Employee
agrees and acknowledges that for so long as Employee is covered by COBRA and receiving severance payments under Paragraph 10.B.3,
the amount that Employee would pay for coverage under Employer’s group health plan if he were an active employee of Employer
shall be deducted from such severance payments, and that this coverage under Employer’s group health plan shall run concurrently
with such plan’s obligation to provide continuation coverage pursuant to COBRA. Employee further agrees and understands that
this paragraph shall not limit such plan’s obligation to provide continuation coverage under COBRA.

 

		C.	Resignation for Good Reason. If, during the Term of this Agreement, Employee resigns from
his employment with the Employer and its affiliates for Good Reason in accordance with the requirements of this Paragraph 10.C,
then he shall become entitled to the Accrued Compensation. In addition, subject to Employee’s continuing compliance with
the covenants contained in Paragraphs 7 and 8 of this Agreement and any other similar applicable restrictive covenants with
Employer or an affiliate, and the execution by Employee of Release within the time period specified by Employer at the time of
the Termination Date (which shall be no longer than 50 days after the Termination Date) and the expiration of any applicable
revocation period with respect to the Release, then Employee shall become entitled to receive the same severance benefits set forth
in Paragraph 10.B, subject to the same terms and conditions set forth therein. Employee agrees that before Employee resigns
for Good Reason, Employee must give Employer 30 days’ advance written notice of the reason(s) therefor. For purposes
of this Agreement, “Good Reason” constitutes the happening of any of the following, without the consent of Employee:

 

		1.	Material breach of any provision of this Agreement by Employer;

 

		2.	The assignment to Employee of duties inconsistent with Employee’s position as President &
C.E.O. (including his removal from the Executive Management Committee) or any other action by Employer which results in a material
diminution in such position, authority, duties, or responsibilities, excluding an isolated, insubstantial action not taken in bad
faith;

 

		3.	The material reduction of Employee’s Annual Salary or Bonus or any other action by Employer
which results in a material reduction of Employee’s annual compensation; or

 

		4.	Employer requiring Employee to be based in a city other than where Employee resides.

 

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Notwithstanding the foregoing or
any provision to the contrary, Good Reason shall not be deemed to exist unless the notice of termination on account thereof is
given to Employer no later than thirty (30) days after the time at which the event or condition purportedly giving rise to
Good Reason first occurs or arises; and, provided, that if there exists an event or condition that constitutes Good Reason, Employer
shall have thirty (30) days from the date notice of such a termination is given to cure such event or condition and, if Employer
does so, such event or condition shall not constitute Good Reason for purposes of this Agreement.

 

		D.	Stock Incentive Plan Awards. Upon Employee’s termination of employment, the treatment
of all Awards (as that term is defined in Employer’s Stock Incentive Plan (the “Plan”)) granted to Employee while
employed by Employer will be determined in accordance with the Plan.

 

		11.	Employee Work Product.

 

Employee agrees that any invention,
enhancement, process, method, design and any other creation (hereinafter “Product”) that Employee may develop, invent,
discover, conceive or originate, alone or in conjunction with any other person during business hours or on behalf of Employer,
during Employee’s employment that relates to the business of Employer now or hereafter carried on by it, or to the use of
any product involved therein, shall be the exclusive property of Employer. Employee understands and agrees that in partial consideration
of Employee’s employment and for the compensation received, and for continued employment per this Agreement, all such Products
shall be the exclusive property of Employer and, thus, subject to patent, copyright, registration or other legal protective custody
of Employer.

 

Employer shall have the authority
and this instrument shall operate: (1) to give Employer authority to execute, sell and deliver as the act of Employee, any
license agreement, contract, assignment or other instrument in writing that may be necessary or proper with respect to the Product;
and (2) to convey to Employer the entire right, title and interest to any such Product. Employee further agrees to hold Employer
and its assigns harmless by reason of Employer’s acts pursuant to this Paragraph 11. Employee further agrees that, during
his/her employment and any time thereafter, Employee shall cooperate with Employer and its counsel in the prosecution and/or defense
of any litigation that may arise in connection with any Product referred to in this Paragraph 11.

 

		12.	Choice of Law.

 

This Agreement shall be interpreted,
construed, and governed by the laws of the State of Indiana, regardless of the place of execution or performance.

 

		13.	Entire Agreement.

 

This Agreement contains the entire
agreement of the parties and supersedes any prior agreements between the parties. This Agreement may not be changed orally, but
only by an agreement in writing signed by the party against whom enforcement of any waiver, change, modification, extension, or
discharge is sought.

 

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		14.	Severability.

 

If any provision of this Agreement
shall be held by a court of competent jurisdiction to be contrary to law or public policy, the remaining provisions shall remain
in full force and effect. It is the intention and desire of the parties that the court treat any provisions of this Agreement which
are not fully enforceable as having been modified to the minimum extent deemed necessary by the court to render them reasonable
and enforceable and that the court enforce them to such extent.

 

		15.	Survival.

 

This Agreement and the covenants
and restrictions contained therein shall survive the termination of this Agreement and/or the termination of Employee’s employment
with Employer.

 

		16.	Notice.

 

Any notices, requests, demands,
or other communications provided for by this Agreement shall be sufficient if in writing and if (i) delivered by hand to the
other party; (ii) sent by facsimile communication with appropriate confirmation of delivery; (iii) sent by registered
or certified United States Mail, return receipt requested, with all postage prepaid; or (iv) sent by recognized commercial
express courier services, with all delivery charged prepaid; and addressed as follows:

 

	If to Employer:	If to Employee:
	Orthopediatrics Corp.	Mark Throdahl
	Attn:  General Counsel	1 Park Avenue, Apt. 409
	2850 Frontier Drive	Winona Lake, Indiana  46582
	Warsaw, Indiana  46582	 

 

		17.	Section
                                         409A.

 

Notwithstanding any provisions
herein to the contrary, to the maximum extent permitted by applicable law, amounts payable to Employee pursuant to Paragraph 10.B
and 10.D shall be made in reliance upon Treas. Reg. Section 1.409A-1(b)(9) (Separation Pay Plans) or Treas. Reg. Section 1.409A-1(b)(4)
(Short-Term Deferrals), as applicable. For this purpose, each payment shall be considered a separate and distinct payment. However,
to the extent any such payments are treated as nonqualified deferred compensation subject to Section 409A of the Internal
Revenue Code of 1986, as amended (the “Code”), then (i) if the 70-day payment period set forth under Paragraph 10.B.1
and 3 commences in one taxable year and ends in another, then payments will not commence until the second taxable year, and (ii) if
the Employee is deemed at the time of his separation from service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i)
of the Code, then to the extent delayed commencement of any portion of the compensation or benefits to which Employee is entitled
under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such
portion of Employee’s compensation or benefits shall not be provided to Employee prior to the earlier of (x) the first
business day of the seventh month measured from the date of the Employee’s “separation from service” or (y) the
date of Employee’s death. Upon the earlier of such dates, all payments deferred pursuant to this Paragraph 17 shall
be paid in a lump sum to Employee, and any remaining payments due under the Agreement shall be paid as otherwise provided herein.

 

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In addition, any reimbursements
made or in-kind benefits provided under this Agreement shall be made in accordance with then-current Employer policy, but to the
extent such reimbursements or in-kind benefits constitute nonqualified deferred compensation subject to Section 409A, then
in no event shall any reimbursements be made later than the end of the calendar year following the year in which the expense was
incurred, the amounts eligible for reimbursement or in-kind benefits provided in one year shall not affect the amounts eligible
for reimbursement or in-kind benefits to be provided in any subsequent year, and the right to reimbursements or in-kind benefits
shall not be subject to liquidation or exchange for another benefit.

 

The parties acknowledge and agree
that, to the extent applicable, this Agreement shall be interpreted in accordance with Section 409A of the Code and the regulations
and other interpretive guidance issued thereunder. Employee shall be solely responsible and liable for the satisfaction of all
taxes and penalties that may be imposed on Employee or for his account in connection with this Agreement (including any taxes and
penalties under Code Section 409A), and neither Employer nor any of its subsidiaries or affiliates shall have any obligation
to indemnify or otherwise hold Employee harmless from any or all of such taxes or penalties. Employer makes no representations
concerning the tax consequences of Employee’s participation in this Agreement under any Federal, state or local law.

 

		18.	Acknowledgement.

 

Employee represents and acknowledges
that Employee has had adequate time to review this Agreement, Employee has had the opportunity to ask questions and receive answers
from Employer regarding this Agreement, and Employee has had the opportunity to consult with legal advisors of his choice concerning
the terms and conditions of this Agreement.

 

This Agreement is intended to
supersede and replace all prior agreements, understandings and arrangements between or among Employer, or any agent thereof, and
the Employee, or any agent thereof, relating to the employment of Employee.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK;
SIGNATURE PAGE FOLLOWS]

 

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IN WITNESS WHEREOF, the parties hereto
have voluntarily executed this Agreement as of the day and year first above written. This Agreement may be executed in multiple
counterparts and each of which when taken together shall constitute one and the same instrument. One or more counterparts of this
Agreement may be delivered via facsimile transmission or electronic mail with the intention that they shall have the same effect
as an original executed Agreement.

 

	“EMPLOYER”	 	“EMPLOYEE”
	ORTHOPEDIATRICS CORP.	 	MARK THRODAHL
	 	 	 
	By:	/s/ Daniel Gerritzen	 	/s/ Mark Throdahl
	 	 	 
	Daniel Gerritzen	 	Mark Throdahl
	(Printed)	 	(Printed)

 

    12Exhibit 10.6

 

Employment Agreement

 

This Employment Agreement
(“Agreement”) is made and entered into this 1st day of February, 2015, by and between Fred Hite (“Employee”)
and OrthoPediatrics Corp. (“Employer”).

 

	1.	Employment.	

 

Employer hereby employs Employee
and Employee hereby accepts employment upon the terms and conditions set forth in this Agreement effective February 1, 2015.

 

	2.	Term  of Agreement.

 

Subject to the provisions for termination
hereinafter provided, the Term of this Agreement shall commence on February 1, 2015, and continue for a Term of two (2) years.
Thereafter, this Agreement shall automatically renew for successive one (1) year Terms, unless notification of intent not
to renew is provided in writing by either party to the other party thirty (30) days prior to the end of the Term then in effect.

 

	3.	Duties and Responsibilities.

 

As of February 1, 2015 and for
the Term of this Agreement, Employee shall perform the duties of Chief Financial Officer. Employee shall execute and perform all
duties related and necessary to his position(s) as determined by Employer. Employee agrees to abide by all by-laws, policies, practices,
procedures, and rules of Employer.

 

Employee shall devote all of his
professional time, efforts, skill and ability to the business of Employer, and shall not, during the Term of this Agreement, be
engaged in any other business activity, whether or not such business activity is pursued for gain, profit or other pecuniary advantage,
unless Employee has obtained the prior written approval of Employer. Further, this Paragraph 3 shall not prevent Employee
from participating in charitable or other not-for-profit activities as long as such activities do not materially interfere with
Employee’s work for Employer.

 

	4.	Business Opportunities.

 

Employee will take no action that
deprives Employer of any business opportunities within the scope of Employee’s existing duties and, should Employee be offered
or become aware of any such opportunities, Employee shall advise Employer in writing, and Employer shall have the right of first
refusal before Employee pursues such opportunity.

 

	5.	Compensation.	

 

Employer shall compensate Employee
for services performed during the Term of this Agreement as follows:

 

     

     

    

  

		A.	Annual Salary. Employer shall pay Employee a total Annual Salary at the rate of Two Hundred,
Fifty Thousand Dollars ($250,000.00) (minus all applicable deductions and withholdings, including federal, state, and local taxes,
and FICA) per year, payable in accordance with Employer’s normal payroll policies. Subsequent to the initial Term of this
Agreement, Employer shall review the Annual Salary at a minimum of once per Term for increase consideration.

 

		B.	Bonus Eligibility. Employee shall be eligible to earn bonus compensation as determined by
the Employer’s Compensation Committee (the “Bonus”). Unless expressly provided otherwise in the Bonus program
document, and except as otherwise provided in Section 10.B below, Employee must remain employed by Employer on the date of
payment to earn and become entitled to receive payment of any such Bonus.

 

		C.	Benefits. Employee shall be entitled to all benefits provided to similarly situated full-time
employees of Employer, in accordance with the terms and conditions of the benefit programs and Employer’s policies, excluding
any severance pay program or similar termination benefits. This currently includes, but is not limited to, paid holidays, paid
vacation and health and welfare benefits. Employee understands and agrees that all benefits are subject to change from time to
time at the sole discretion of Employer.

 

	6.	Expense Reimbursement. 

 

Employer shall reimburse Employee
for all reasonable out-of-pocket expenses that are incurred by Employee in providing services to Employer hereunder; provided,
however, that Employee provides Employer with reasonable documentation necessary to support such expenses. All expense reimbursement
shall be paid to Employee consistent with Employer’s expense reimbursement policy, in effect from time to time.

 

	7.	Confidential Information and Return of Property.

 

Employee acknowledges that in the
course of his employment with Employer, he will occupy a position of trust and confidence and will have access to and may develop
Confidential Information of actual or potential value to, or otherwise useful to, Employer. “Confidential Information”
means information that the Employer owns or possesses, that it uses or is potentially useful in its business, that it treats as
proprietary, private or confidential, and that is not generally known to the public, including, but not limited to, trade secrets
(as defined by the Indiana Trade Secrets Act, Ind. Code sec. 24-2-3-1, et. seq.), information relating to the
Employer’s business plans, financial condition, operating and other costs, sales, pricing, marketing, ideas, research records,
plans for service improvements and development, lists of actual or potential customers, actual and potential customer usage and
requirements, customer records, lists of referral sources, referral source records, information on product and product development,
inventions, trade secrets, and any other information which derives independent economic value, either actual or potential. Information
supplied to Employee from outside sources and/or third parties will also be presumed to be Confidential Information unless and
until Employer designates it otherwise.

 

    2 

     

    

  

Employee agrees to use Confidential
Information solely in the course of his duties as an employee of Employer and in furtherance of Employer’s business. Employee
hereby further agrees that the above-referenced information will be kept confidential at all times during the Term of this Agreement
and thereafter, that he will not disclose or communicate to any third party any of the Confidential Information and will not make
use of the Confidential Information on his own behalf or on the behalf of a third party.

 

Employee agrees that all Confidential
Information is and shall remain the exclusive property of Employer. Employee agrees to return to Employer on or before Employee’s
termination of employment with Employer all Employer property, information and documents, including and without limitation, all
reports, files, memoranda, records, software, hardware, credit cards, keys, computer access codes or disks, instruction or operational
manuals, handbooks or manuals, written financial information, business plans or other physical and personal property which Employee
received or prepared or helped prepare in connection with his employment with Employer; and Employee agrees that he will not retain
any copies, duplicates, reproductions or excerpts thereof.

 

	8.	Restrictive Covenant. 

 

Employee acknowledges and agrees
that in consideration of Employee signing this Agreement and agreeing to its provisions, including the provisions set forth in
this Section 8, Employer is paying Employee severance benefits upon termination by Employer without Cause pursuant to Section 10B
hereof. Employee also acknowledges and agrees that such consideration is (a) adequate consideration to support the restrictive
covenant set forth herein, (b) different from and in addition to any payment or benefits that Employee already was receiving
or had any preexisting right to receive, and (c) consideration that Employee would not receive or have any right to receive
if Employee were to choose not to sign this Agreement. Employee acknowledges that during his employment with Employer, Employee
will have extensive access to Employer’s Confidential Information and may develop business relationships with Employer’s
customers. As a result of the extensive access to Confidential Information and the development of business relationships, Employee
agrees that during the Term of this Agreement, and for a period of one (1) year from the date of Employee’s termination
of employment, Employee shall not, without the prior written consent of Employer, directly or indirectly, for himself or on behalf
of any other person, entity or vendor:

 

		A.	Employ, solicit, contact, or communicate with, for the purpose of hiring, employing or engaging,
any individual who is an employee, commissioned agent, or independent contractor of Employer, or who has been, within the twelve
(12) month period immediately preceding Employee’s termination of employment.

 

		B.	Compete with Employer by participating in any manner in the provision of the business Employee
conducted on behalf of Employer, including, but not limited to, the design, manufacture or marketing of orthopedic products for
children, for any entity or company, or establish a financial interest in (as an owner, stockholder, partner, lender, or other
investor, director, officer, employee, independent contractor, consultant, agent or otherwise) any entity or company, which is
in direct or indirect competition with the business interests of Employer with respect to the design, manufacture or marketing
of orthopedic products for children, to the extent such entity or company operates within the geographical area:

 

    3 

     

    

  

		1.	Where Employer (a) conducts its business activity on the date of Employee’s termination,
or (b) contemplated conducting its business activity at any time during the twelve (12) month period immediately preceding
Employee’s termination of employment; and

 

		2.	Where Employee (a) did business on behalf of Employer at the time of Employee’s termination
of employment, or at any time during the twelve (12) month period immediately preceding Employee’s termination of employment,
or (b) which Employee had access to any Confidential Information regarding.

 

		C.	Contact, canvas, solicit, or accept business with respect to the sale, design, manufacture or marketing
of orthopedic products for children from any Customer or Potential Customer of Employer if such business would be of the type then
being carried on by Employer and which was performed by Employee on behalf of Employer.

 

		D.	Induce, cause, advise, or otherwise influence any Customer or Potential Customer of Employer to
cease doing business with Employer.

 

The term “Customer” as
used herein shall refer to any entity or company: (1) who Employer provides services or products to at the time of Employee’s
termination of employment or at any time during the twelve (12) month period immediately preceding Employee’s termination
of employment; and (2) which Employee did business with on behalf of Employer at the time of Employee’s termination
of employment or at any time during the twelve (12) month period immediately preceding Employee’s termination of employment,
or which Employee had access to any Confidential Information regarding.

 

The term “Potential Customer”
as used herein shall refer to any entity or company: (1) who Employer has solicited, approached, or contracted concerning
the possibility of doing business at the time of Employee’s termination of employment or at any time during the twelve (12) month
period immediately preceding Employee’s termination of employment; and (2) which Employee was involved in any such solicitation,
approach or contact, or which Employee had access to any Confidential Information regarding.

 

Employee acknowledges and agrees
that the restricted period of time, the geographical scope, and the definitions of “Customer” and “Potential
Customer” as used in this Paragraph 8 are reasonable.

 

    4 

     

    

  

	9.	Breach of Agreement.

 

		A.	Employee acknowledges that any breach of Paragraphs 7 or 8 of this Agreement, including all
subparagraphs thereof, by Employee may cause irreparable damage to Employer and that the legal remedies available to Employer will
be inadequate. Therefore, in the event of any threatened or actual breach of Paragraphs 7 or 8 of this Agreement by Employee,
Employee agrees that Employer shall be entitled to specific enforcement of this Agreement through injunctive or other equitable
relief in addition to legal remedies, without the need for posting bond. If Employee is found, by a court of competent jurisdiction,
to have breached any of the terms of Paragraphs 7 or 8 of this Agreement, Employee agrees to pay Employer reasonable attorney’s
fees and costs incurred in seeking relief from Employee’s breach of Paragraphs 7 or 8 of this Agreement, including all
subparagraphs thereof. Further, the restricted periods of time in Paragraph 8 of this Agreement shall be extended by one additional
day for each day a court of competent jurisdiction finds Employee to have been in breach of Paragraph 8 of this Agreement.

 

		B.	Employee and Employer hereby submit to the jurisdiction and venue of the Marion County, Indiana
Courts and the United States District Court for the Southern District of Indiana, as applicable, in any cause of action, claim,
controversy, or dispute arising out of or relating to this Agreement or the breach thereof, including those identified in Paragraph 9.A
of this Agreement, and hereby waive any right to a jury trial.

 

	10.	Termination and Severance Benefits.

 

		A.	Termination by Employer for Cause or Resignation by Employee without Good Reason, or due to
Employee’s Death or Disability. The Term and Employee’s employment hereunder may be terminated by Employer for
Cause and shall terminate automatically upon Employee’s resignation without Good Reason; provided, that Employee
will be required to give Employer at least thirty (30) days’ advance written notice of a resignation without Good Reason.
In addition, the Term and Employee’s employment hereunder may be terminated by Employer upon the Employee’s Disability,
and shall terminate automatically upon Employee’s death (for purposes of clarity, Employee and Employer acknowledge and agree
that a termination due to Disability or death shall not constitute a termination without Cause for purposes of Paragraph 10.B
below). Upon termination for Cause or resignation without Good Reason, or termination due to Disability or death, Employee shall
only receive the portion of his Annual Salary earned through the Termination Date and such employee benefits, if any, as to which
Employee may be entitled under the terms of the applicable plans (the amounts of Annual Salary and any such employee benefits being
referred to as “Accrued Compensation”).

 

    5 

     

    

  

For the purposes of this Agreement,
“Termination Date” shall mean the actual date that Employee’s employment with the Employer and its affiliates
terminates for any reason.

 

As used in this Agreement “Cause”
exists in the event of:

 

		1.	An act or omission by the Employee that constitutes deliberate or willful misconduct, a breach
of fiduciary trust for the purpose of gaining a personal profit, or a violation of any law, rule or regulation;

 

		2.	An act or omission by the Employee that materially and adversely affects the best interests of
the Employer;

 

		3.	An act or omission by the Employee that, under the circumstances, would make it unreasonable to
expect Employer to continue to employ the Employee, including without limitation, (i) the commission of any crime (other than
minor vehicular violations), (ii) the commission or attempted commission of any act of fraud, embezzlement, neglect or negligence
in the performance of Employee’s duties or (iii) any act of malfeasance, substance abuse, sexual harassment, discrimination,
or moral turpitude that, in Employer’s reasonable judgment, reflects adversely on the reputation of Employer;

 

		4.	Material breach of any provision of this Agreement by Employee; or

 

		5.	Willful and continued failure to perform substantially Employee’s duties if such failure
continues for a period of thirty (30) calendar days after Employer delivers to Employee a written demand for substantial performance,
specifically identifying in such written demand the manner in which Employee has not substantially performed his duties.

 

As used in this Agreement, “Disability”
shall mean that Employee, because of accident, disability, or physical or mental illness, is incapable of performing Employee’s
duties to Employer or any affiliate, as determined by the Employer. Notwithstanding the foregoing, Employee will be deemed to have
become incapable of performing Employee’s duties to Employer or any affiliate if (A) Employee is incapable of so doing
for (1) a continuous period of ninety (90) days and remains so incapable at the end of such ninety (90) day period
or (2) periods amounting in the aggregate to ninety (90) days within any one period of one hundred twenty (120) days
and remains so incapable at the end of such aggregate period of one hundred twenty (120) days, (B) Employee qualifies
to receive long-term disability payments under the long-term disability insurance program, as it may be amended from time to time,
covering employees of Employer or an affiliate to which the Employee provides services or (C) Employee is determined to be
totally disabled by the Social Security Administration.

 

    6 

     

    

  

		B.	Termination by Employer without Cause. Employer may immediately terminate Employee’s
employment without Cause. If, during the Term of this Agreement, Employee’s employment is terminated by Employer without
Cause (other than due to death or Disability), including if Employer declines to renew the Term of the Agreement, then Employee
shall be entitled to receive the Accrued Compensation. In addition, subject to Employee’s continuing compliance with the
covenants contained in Paragraphs 7 and 8 of this Agreement and any other similar applicable restrictive covenants with Employer
or an affiliate, and the execution by Employee of a binding general waiver and release of claims in a form acceptable to Employer
(the “Release”) within the time period specified by Employer at the time of the Termination Date (which shall be no
longer than 50 days after the Termination Date) and the expiration of any applicable revocation period with respect to the
Release, if Employee’s employment terminates pursuant to this Paragraph 10.B, then Employee shall be entitled to receive:

 

		1.	Payment of the Bonus, if any, that was earned by Employee in any fiscal year ending prior to the
Termination Date but remains unpaid as of the Termination Date, payable in a lump sum within seventy (70) days after the Termination
Date.

 

		2.	A pro-rated Bonus, if any, upon the satisfaction of any pre-established performance objectives
at the end of the applicable bonus performance period; such payable pro-rata portion of the Bonus shall be determined by multiplying
the Bonus amount by a fraction equal to the number of days of Employee’s employment during such applicable performance period
divided by the total number of days in the applicable performance period. Payment of any pro-rated Bonus under this paragraph
shall be made in the calendar year following the year in which the services were performed, when bonuses are generally paid to
similarly situated employees.

 

		3.	An amount equal to twelve (12) months of the Employee’s then-current Annual Salary,
payable in twelve (12) substantially equal monthly installments commencing with the first regular payroll period following
the expiration of any applicable revocation period with respect to the Release, and in any event, if at all, within seventy (70) days
after the Termination Date.

 

    7 

     

    

  

		4.	Provided that Employee elects, and to the extent that he is and remains eligible for, continuation
coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”) and Employer’s group health
plan, payment of that part of the COBRA premiums for such continued coverage of Employee (and, if applicable as of the Termination
Date, his dependents) that exceeds the amount that Employee would pay for such coverage if he were an active employee of Employer
(“COBRA Subsidies”), starting on the first day following the date on which Employee’s coverage under that plan
as an active employee of Employer ends, and ending on the earlier of (A) the date that twelve (12) months of such COBRA
Subsidies have been paid, or (B) the date on which Employee’s right to continuation coverage under COBRA ends. Employee
agrees and acknowledges that for so long as Employee is covered by COBRA and receiving severance payments under Paragraph 10.B.3,
the amount that Employee would pay for coverage under Employer’s group health plan if he were an active employee of Employer
shall be deducted from such severance payments, and that this coverage under Employer’s group health plan shall run concurrently
with such plan’s obligation to provide continuation coverage pursuant to COBRA. Employee further agrees and understands that
this paragraph shall not limit such plan’s obligation to provide continuation coverage under COBRA.

 

		C.	Resignation for Good Reason. If, during the Term of this Agreement, Employee resigns from
his employment with the Employer and its affiliates for Good Reason in accordance with the requirements of this Paragraph 10.C,
then he shall become entitled to the Accrued Compensation. In addition, subject to Employee’s continuing compliance with
the covenants contained in Paragraphs 7 and 8 of this Agreement and any other similar applicable restrictive covenants with
Employer or an affiliate, and the execution by Employee of Release within the time period specified by Employer at the time of
the Termination Date (which shall be no longer than 50 days after the Termination Date) and the expiration of any applicable
revocation period with respect to the Release, then Employee shall become entitled to receive the same severance benefits set forth
in Paragraph 10.B, subject to the same terms and conditions set forth therein. Employee agrees that before Employee resigns
for Good Reason, Employee must give Employer 30 days’ advance written notice of the reason(s) therefor. For purposes
of this Agreement, “Good Reason” constitutes the happening of any of the following, without the consent of Employee:

 

		1.	Material breach of any provision of this Agreement by Employer;

 

		2.	The assignment to Employee of duties inconsistent with Employee’s position as Chief Financial
Officer (including his removal from the Executive Management Committee) or any other action by Employer which results in a material
diminution in such position, authority, duties, or responsibilities, excluding an isolated, insubstantial action not taken in bad
faith;

  

		3.	The material reduction of Employee’s Annual Salary or Bonus or any other action by Employer
which results in a material reduction of Employee’s annual compensation; or

 

		4.	Employer requiring Employee to be based in a city other than where Employee resides.

 

    8 

     

    

 

Notwithstanding the foregoing or any
provision to the contrary, Good Reason shall not be deemed to exist unless the notice of termination on account thereof is given
to Employer no later than thirty (30) days after the time at which the event or condition purportedly giving rise to Good
Reason first occurs or arises; and, provided, that if there exists an event or condition that constitutes Good Reason, Employer
shall have thirty (30) days from the date notice of such a termination is given to cure such event or condition and, if Employer
does so, such event or condition shall not constitute Good Reason for purposes of this Agreement.

 

		D.	Stock Incentive Plan Awards. Upon Employee’s termination of employment, the treatment
of all Awards (as that term is defined in Employer’s Stock Incentive Plan (the “Plan”)) granted to Employee while
employed by Employer will be determined in accordance with the Plan.

 

	11.	Employee Work Product. 

 

Employee agrees that any invention,
enhancement, process, method, design and any other creation (hereinafter “Product”) that Employee may develop, invent,
discover, conceive or originate, alone or in conjunction with any other person during business hours or on behalf of Employer,
during Employee’s employment that relates to the business of Employer now or hereafter carried on by it, or to the use of
any product involved therein, shall be the exclusive property of Employer. Employee understands and agrees that in partial consideration
of Employee’s employment and for the compensation received, and for continued employment per this Agreement, all such Products
shall be the exclusive property of Employer and, thus, subject to patent, copyright, registration or other legal protective custody
of Employer.

 

Employer shall have the authority
and this instrument shall operate: (1) to give Employer authority to execute, sell and deliver as the act of Employee, any
license agreement, contract, assignment or other instrument in writing that may be necessary or proper with respect to the Product;
and (2) to convey to Employer the entire right, title and interest to any such Product. Employee further agrees to hold Employer
and its assigns harmless by reason of Employer’s acts pursuant to this Paragraph 11. Employee further agrees that, during
his/her employment and any time thereafter, Employee shall cooperate with Employer and its counsel in the prosecution and/or defense
of any litigation that may arise in connection with any Product referred to in this Paragraph 11.

 

	12.	Choice of Law. 

 

This Agreement shall be interpreted,
construed, and governed by the laws of the State of Indiana, regardless of the place of execution or performance.

 

	13.	Entire Agreement.

 

This Agreement contains the entire
agreement of the parties and supersedes any prior agreements between the parties. This Agreement may not be changed orally, but
only by an agreement in writing signed by the party against whom enforcement of any waiver, change, modification, extension, or
discharge is sought.

 

    9 

     

    

  

	14.	Severability	.

 

If any provision of this Agreement
shall be held by a court of competent jurisdiction to be contrary to law or public policy, the remaining provisions shall remain
in full force and effect. It is the intention and desire of the parties that the court treat any provisions of this Agreement which
are not fully enforceable as having been modified to the minimum extent deemed necessary by the court to render them reasonable
and enforceable and that the court enforce them to such extent.

 

	15.	Survival.	

 

This Agreement and the covenants
and restrictions contained therein shall survive the termination of this Agreement and/or the termination of Employee’s employment
with Employer.

 

	16.	Notice.	

 

Any notices, requests, demands, or
other communications provided for by this Agreement shall be sufficient if in writing and if (i) delivered by hand to the
other party; (ii) sent by facsimile communication with appropriate confirmation of delivery; (iii) sent by registered
or certified United States Mail, return receipt requested, with all postage prepaid; or (iv) sent by recognized commercial
express courier services, with all delivery charged prepaid; and addressed as follows:

 

	 	If to Employer:	If to Employee:
	 	Orthopediatrics Corp.	Fred L. Hite
	 	Attn:  General Counsel	1905 Cloverleaf Trail
	 	2850 Frontier Drive	Fort Wayne, IN  46845
	 	Warsaw, Indiana  46582	 

 

		17.	Section 409A.

 

Notwithstanding any provisions herein
to the contrary, to the maximum extent permitted by applicable law, amounts payable to Employee pursuant to Paragraph 10.B
and 10.C shall be made in reliance upon Treas. Reg. Section 1.409A-1(b)(9) (Separation Pay Plans) or Treas. Reg. Section 1.409A-1(b)(4)
(Short-Term Deferrals), as applicable. For this purpose, each payment shall be considered a separate and distinct payment. However,
to the extent any such payments are treated as nonqualified deferred compensation subject to Section 409A of the Internal
Revenue Code of 1986, as amended (the “Code”), then (i) if the 70-day payment period set forth under Paragraph 10.B.1
and 3 commences in one taxable year and ends in another, then payments will not commence until the second taxable year, and (ii) if
the Employee is deemed at the time of his separation from service to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i)
of the Code, then to the extent delayed commencement of any portion of the compensation or benefits to which Employee is entitled
under this Agreement is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such
portion of Employee’s compensation or benefits shall not be provided to Employee prior to the earlier of (x) the first
business day of the seventh month measured from the date of the Employee’s “separation from service” or (y) the
date of Employee’s death. Upon the earlier of such dates, all payments deferred pursuant to this Paragraph 17 shall
be paid in a lump sum to Employee, and any remaining payments due under the Agreement shall be paid as otherwise provided herein.

 

    10 

     

    

  

In addition, any reimbursements made
or in-kind benefits provided under this Agreement shall be made in accordance with then-current Employer policy, but to the extent
such reimbursements or in-kind benefits constitute nonqualified deferred compensation subject to Section 409A, then in no
event shall any reimbursements be made later than the end of the calendar year following the year in which the expense was incurred,
the amounts eligible for reimbursement or in-kind benefits provided in one year shall not affect the amounts eligible for reimbursement
or in-kind benefits to be provided in any subsequent year, and the right to reimbursements or in-kind benefits shall not be subject
to liquidation or exchange for another benefit.

 

The parties acknowledge and agree
that, to the extent applicable, this Agreement shall be interpreted in accordance with Section 409A of the Code and the regulations
and other interpretive guidance issued thereunder. Employee shall be solely responsible and liable for the satisfaction of all
taxes and penalties that may be imposed on Employee or for his account in connection with this Agreement (including any taxes and
penalties under Code Section 409A), and neither Employer nor any of its subsidiaries or affiliates shall have any obligation
to indemnify or otherwise hold Employee harmless from any or all of such taxes or penalties. Employer makes no representations
concerning the tax consequences of Employee’s participation in this Agreement under any Federal, state or local law.

 

	18.	Acknowledgement.	

 

Employee represents and acknowledges
that Employee has had adequate time to review this Agreement, Employee has had the opportunity to ask questions and receive answers
from Employer regarding this Agreement, and Employee has had the opportunity to consult with legal advisors of his choice concerning
the terms and conditions of this Agreement.

 

This Agreement is intended to supersede
and replace all prior agreements, understandings and arrangements between or among Employer, or any agent thereof, and the Employee,
or any agent thereof, relating to the employment of Employee.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK;
SIGNATURE PAGE FOLLOWS]

 

    11 

     

    

  

IN WITNESS WHEREOF, the parties hereto have
voluntarily executed this Agreement as of the day and year first above written. This Agreement may be executed in multiple counterparts
and each of which when taken together shall constitute one and the same instrument. One or more counterparts of this Agreement
may be delivered via facsimile transmission or electronic mail with the intention that they shall have the same effect as an original
executed Agreement.

 

	“EMPLOYER”	 	“EMPLOYEE”
	ORTHOPEDIATRICS CORP.	 	Fred L. Hite
	 	 	 	 
	By:  	/s/ Mark C. Throdahl	 	/s/ Fred Hite
	 	 	 	 
	Mark C. Throdahl	 	Fred Hite
	(Printed)	 	(Printed)

 

    12

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