Document:

EX-10.2

 Exhibit 10.2 

EXECUTION VERSION 

EMPLOYMENT AGREEMENT 

This EMPLOYMENT AGREEMENT (“Agreement”) is made and entered into as of August 21, 2017 (the “Effective Date”) between
First Watch Restaurants, Inc., a Delaware corporation (together with its successors and assigns permitted hereunder, the “Company”), and Christopher Tomasso (the “Executive”). 

RECITALS 
 WHEREAS, the
Company and the Executive entered into that certain Employment Agreement effective October 1, 2012 (the “Prior Employment Agreement”) which employment agreement is hereby terminated, cancelled and of no further force or effect; and

 WHEREAS, the Board of Directors of the Company (the “Board”) has determined that it is in the best interest of the Company and
its stockholders to enter into this Agreement and to continue to employ the Executive on the terms and conditions set forth herein. 
 NOW,
THEREFORE, in consideration of the respective agreements and covenants set forth herein and other good and valuable consideration, the receipt of which is hereby acknowledged by both parties hereto, the parties hereto, intending to be legally bound,
hereby agree as follows: 
 AGREEMENT 

1. Employment Period. The Executive’s term of employment hereunder shall commence on the Effective Date of this Agreement
and continue until the first anniversary of the Effective Date, unless earlier terminated pursuant to Section 3 (the initial employment period and any extended employment period pursuant to this Section 1 shall be referred to herein as the
“Employment Period”). Upon the first anniversary of the Effective Date, and on each anniversary thereafter, this Agreement shall automatically renew on the same terms and conditions set forth herein (as amended in writing from time to time
by the parties) for one (1) year periods unless the Company or the Executive gives the other party written notice of its/Executive’s election not to renew the Employment Period no later than thirty (30) days prior to the end of the
Employment Period. If either party provides a notice not to renew pursuant to this Section 1 and the Executive continues to be employed by the Company after the Employment Period, for any reason, Executive will do so as an at will employee and
not pursuant to this Agreement, provided that, the Executive’s post-termination obligations pursuant to Sections 4, 5, 6, 8 and 10 of this Agreement (the “Continuing Obligations”) shall survive any such continued at will
employment and termination thereof. 
 2. Terms of Employment. 

A. Position and Duties. During the Employment Period, the Executive shall serve as the President of the Company and, in so doing, shall
perform all normal duties and responsibilities associated with such position, subject to the general direction, approval and control of the Chief Executive Officer of the Company and the Board. During the Employment Period, and excluding any periods
of vacation or other leaves to which the 

 
Executive is entitled, the Executive agrees to devote substantially all of Executive’s business time to the business and affairs of the Company, to use Executive’s best efforts to
perform faithfully, effectively and efficiently Executive’s duties and responsibilities, and to observe and comply with the Company’s rules and policies as adopted by the Company from time to time. Provided, however, that the foregoing
shall not prevent Executive from (i) maintaining the ownership interests that Executive has in other entities as of the Effective Date, or (ii) maintaining the positions that Executive holds on boards and with trade associations as of the
Effective Date. During the Employment Period, the Executive will be employed by the Company on an at will basis, which means that either Executive or the Company can terminate the employment relationship at any time, with or without cause, subject
to the terms and conditions set forth in Section 3. 
 B. Compensation. 

(1) Annual Base Salary. During the Employment Period, the Executive shall receive an annual base salary in the amount of $325,000.00
less applicable deductions under federal, state and local laws (the “Annual Base Salary”), paid in accordance with the customary payroll practices of the Company. The Board, in its discretion, may at any time change the amount of the
Annual Base Salary to such greater amount as it may deem appropriate, and the term “Annual Base Salary,” as used in this Agreement, shall refer to the Annual Base Salary as it may so be changed. 

(2) Annual Bonus. During the Employment Period, the Executive shall be eligible to participate in the Company’s key employee bonus
plan pursuant to the terms and conditions of that plan, as amended from time to time by the Board, but not within the bonus period ending on December 31, 2017. The Executive shall be eligible to receive an annual bonus of up to 75% of the
Annual Base Salary, which will be based upon the achievement of certain clearly defined goals (including, without limitation, achieving EBITDA targets) established by the Board or its Compensation Committee (the “Annual Bonus”), and
provided to the Executive prior to the commencement of each annual bonus period. The implementation, continuation and termination of any incentive plan referenced hereunder shall be within the sole discretion of the Board provided that the bonus
plan shall not be terminated or materially reduced during the bonus period ending on December 31, 2017. The Annual Bonus, if any, shall be paid to the Executive as set forth in the annual incentive plan. The Executive shall only be eligible to
receive the Annual Bonus if Executive is actively employed on the Annual Bonus payout date subject to Section 3. 
 (3) Equity.
During the Employment Period, the Executive shall be eligible to participate in the equity incentive plan of AI Fresh Parent, Inc. (“Parent”) maintained for senior executives pursuant to the terms and conditions of that plan, as amended
from time to time. 
 (4) Benefits. During the Employment Period, the Executive shall be entitled to participate in each benefit plan
sponsored by the Company to the extent such benefit plan is generally available to similarly-situated employees of the Company and the Executive is otherwise eligible under the terms of such benefit plan. The amount, eligibility, and extent of the
benefits shall be governed by the applicable benefit plan or program of the Company. The Executive shall be entitled to accrue three (3) weeks of paid vacation per year on a pro-rata basis. Vacation days shall not accumulate from year to year
and unused vacation days will not be paid upon termination subject to Section 3. Any vacation shall be taken at the reasonable and mutual convenience of the Company and the Executive. 

  
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 (5) Supplemental Life Insurance Plan. The Executive shall be entitled to participate
in a supplemental life insurance plan that may be provided by the Company from time to time, in accordance with the terms and conditions of such programs as administered by the Company. 

(6) Expenses. During the Employment Period, the Company shall reimburse the Executive for all reasonable business expenses of types
authorized by the Company and reasonably and necessarily incurred or paid for by the Executive in the performance of Executive’s duties, responsibilities, and authorities hereunder. The Executive shall provide the Company with all documentation
and receipts requested by the Company and required to establish the amount and nature of such expenses. The Executive shall comply with such budget limitations and approval and reporting requirements with respect to expenses as the Company may
establish from time to time. 
 3. Obligations upon Termination. 

A. Termination/Expiration. The provisions of this Section 3 do not in any way affect the Executive’s at will status as
provided in Section 2. The Executive is entitled to no other payments, compensation, severance or benefits upon termination except as expressly stated in this Section 3. Upon termination or expiration/nonrenewal of this Agreement, the
Executive is entitled to receive any unpaid Annual Base Salary due for the period prior to and through the date of termination, and following submission of proper expense reports by the Executive, reimbursement for all expenses properly incurred in
accordance with Section 2.B(6) of this Agreement (jointly, the “Accrued Obligations”). Upon termination for any reason (except death) or expiration/nonrenewal of this Agreement, the Executive shall continue to be fully bound by
the Continuing Obligations. 
 B. Notice of Termination. Any termination of the Executive’s employment shall be communicated to
the other party by a Notice of Termination. For the Executive, a “Notice of Termination” means a written notice provided to the Company at least thirty (30) days prior to the Executive’s last day of employment, provided
however, the Company may accelerate the Executive’s last day of employment to any date within the thirty (30) day notice period without converting the Executive’s resignation into anything but a voluntary resignation. For the
Company, a “Notice of Termination” means any written notice to the Executive, at any time, which indicates the effective date of termination of the Executive’s employment subject to this Section 3. 

  
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 C. Termination by the Company Due to Death or Disability. 

(1) Termination for Death or Disability. The Executive’s employment hereunder shall terminate automatically during the Employment
Period upon the Executive’s death or, at the option of the Company, upon Executive’s Disability (defined below). In the case of Disability, the Company shall provide the Executive a Notice of Termination and the Executive’s employment
with the Company shall terminate effective on the thirtieth (30th) day following Executive’s receipt of said notice unless, within said thirty (30) day period, the Executive is able to perform the essential functions of
Executive’s job duties, with or without reasonable accommodation. 
 (2) Rights upon Termination for Death or Disability. If the
Company terminates the Executive’s employment hereunder because of death or Disability, the Executive shall forfeit all rights to any compensation otherwise due to Executive or to which Executive may be entitled under this Agreement, and the
Company shall have no further payment obligations to the Executive or Executive’s legal representatives, other than: (a) the Accrued Obligations; (b) continued payment of the Annual Base Salary for a period of six (6) months
following the date of termination in accordance with the Company’s regular payroll practices; (c) accrued but unused vacation through the termination date payable on the next regular payroll date following the termination date; and
(d) a pro rata portion of the Annual Bonus that the Executive would have earned for the year in which Executive’s death or Disability occurred if Executive had remained employed with the Company through the end of such calendar year, based
on the number of months employed by the Company calculated as of the date of termination (the “Prorated Bonus Amount”), and payable when the bonuses are regularly paid as set forth in the annual incentive plan. Except as set forth in this
Section 3.C(2), if the Executive is terminated due to death or Disability, the Company shall have no further obligations to the Executive or liability under this Agreement by way of compensation or otherwise. 

(3) Definition of Disability. For purposes of this Agreement, at any time the Company sponsors a long-term disability plan for the
Company’s executives, and subject to applicable law, “Disability” shall mean disability as defined in such long-term disability plan for the purpose of determining a participant’s eligibility for benefits, provided
however, if the long-term disability plan contains multiple definitions of disability, “Disability” shall refer to that definition of disability which, if the Executive qualified for such disability benefits, would provide coverage for
the longest period of time. The determination of whether the Executive has a Disability shall be made by the person or persons required to render disability determinations under the long-term disability plan. At any time the Company does not sponsor
a long-term disability plan for its executives, “Disability” shall mean the Executive’s inability to perform, with or without reasonable accommodation, the essential functions of Executive position hereunder for a period of one
hundred twenty (120) days, consecutive or non-consecutive, in any twelve (12)-month period due to Executive’s mental or physical incapacity as determined by a physician selected by the Company or its insurers and acceptable to the
Executive or the Executive’s legal representative, such agreement as to acceptability not to be unreasonably withheld or delayed. The Executive agrees to cooperate in submitting to a medical examination for the purpose of certifying Disability
under this Section 3.C if requested by the Company. 

  
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 D. Termination by the Company for Cause. 

(1) Termination for Cause. The Company may terminate the Executive’s employment at any time during the Employment Period for Cause
(defined below) upon written notice to the Executive. 
 (2) Rights upon Termination for Cause. If the Executive’s employment
hereunder is terminated by the Company for Cause, the Executive shall not be entitled to receive any severance, bonus or other payments, except the Accrued Obligations, payable in a lump sum on the Company’s next regular payroll date following
the date of termination. Except as set forth in this Section 3.D, the Company shall have no further obligations to the Executive or liability under this Agreement by way of compensation or otherwise. Should the Executive’s employment
terminate pursuant to this Section 3.D, the Executive shall continue to be fully bound by the Continuing Obligations. 
 (3)
Definition of Cause. For purposes of this Agreement, “Cause” shall include the following: (a) indictment for any crime involving moral turpitude, fraud or misrepresentation or the Executive pleading guilty or nolo contendere
to, any felony or crime involving moral turpitude that is damaging to the reputation of the Company; (b) commission of any act which is a felony; (c) gross misconduct or fraud involving the operations of the Company;
(d) misappropriation or embezzlement of funds or property of the Company; (e) willful conduct which is materially injurious to the reputation, business or business relationships of the Company; (f) violation of any of the provisions
of this Agreement or any material Company policy or work rule (including, for example, the Company’s sexual harassment policy, drug policy, etc.); or (g) failure of the Executive to follow the reasonable directions or instructions issued
to the Executive by the Board, or the Executive’s refusal or failure to substantially perform Executive’s duties and responsibilities under this Agreement to the reasonable satisfaction of the Board, provided however, that prior to
any termination pursuant to subsection 3.D(3)(f) and (g), the Company must give written notice to the Executive stating the reasons triggering subsection 3.D(3)(f) and (g) and the Executive shall thereafter have the right to remedy the
condition, if such condition can be remedied in the good faith determination of the Board, within thirty (30) days of the date the Executive received such written notice. If the Executive does not remedy the condition within the thirty
(30) day cure period to the reasonable satisfaction of the Board, then the Board may deliver a notice of termination for Cause at any time within thirty (30) days following the expiration of such cure period, in which case termination will
be effective upon delivery of such notice. 
 E. Termination by the Company Without Cause. 

(1) Termination Without Cause. The Company may terminate the Executive’s employment at any time during the Employment Period
without Cause (other than due to death or Disability) upon written notice. 
 (2) Rights upon Termination Without Cause. If the
Executive’s employment hereunder is terminated by the Company without Cause, the Executive shall forfeit all rights to any compensation otherwise due to Executive or to which Executive may be entitled under this Agreement, and the Company shall
have no further payment obligations to the Executive or Executive’s legal representatives, other than: (a) the Accrued Obligations; and (b) provided the Executive signs, returns and, if applicable, does not revoke a

  
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general waiver and release of all claims against the Company and its Parent, subsidiaries and affiliates in a form satisfactory to the Board and the Company (the “Release”) and complies
with the Continuing Obligations, (i) continued payment of the Annual Base Salary for a period of twelve (12) months following the date of termination in accordance with the Company’s regular payroll practices (the “Salary
Continuation Payments”); (ii) accrued but unused vacation through the termination date; and (iii) the Prorated Bonus Amount. 
 The first
Salary Continuation Payment and the accrued vacation shall be paid to the Executive on the Company’s first regular payroll date following the sixtieth (60th) day after the termination date (and will include any Salary Continuation Payment
installment that would have otherwise been paid during the period following the termination date through the date of the first Salary Continuation Payment); provided that, the Release is irrevocable as of such date. The Prorated Bonus Amount
shall be payable on the same day as the final Salary Continuation Payment. If during any period in which the Executive is receiving the Salary Continuation Payments, Executive violates any Continuing Obligations to the Company, the Company’s
obligations pursuant to Section 3.E(2)(b) shall cease and the Company will have no further obligations to the Executive. Except as set forth in this Section 3.E, if the Executive is terminated without Cause, the Company shall have no
further obligations to the Executive or liability under this Agreement by way of compensation or otherwise. 
 F. Resignation by the
Executive Without Cause / Expiration. During the Employment Period, the Executive may resign Executive’s employment at any time, for any reason. In addition, the Employment Period may expire/not be renewed as set forth in Section 1. If
the Executive’s employment terminates pursuant to this Section 3.F as a result of the Company providing the Executive notice of its intent not to renew pursuant to Section 1, then the Executive shall receive (a) the Accrued
Obligations; and (b) provided the Executive signs, returns and, if applicable, does not revoke the Release and complies with the Continuing Obligations, (i) the Salary Continuation Payments; (ii) accrued but unused vacation
through the termination date; and (iii) the Prorated Bonus Amount, each of which shall be payable in accordance with the provisions of Section 3.E. If the Executive resigns Executive’s employment for any reason (other than for
“Good Cause” as defined in Section 3.G(1) below) or the Executive’s employment terminates pursuant to this Section 3.F as a result of the Executive providing the Company notice of Executive’s intent not to renew
pursuant to Section 1, the Executive shall not be entitled to receive any severance, or other payments, except the Accrued Obligations, and the Company shall have no further obligations to the Executive or liability under this Agreement by way
of compensation or otherwise. Should the Executive’s employment terminate pursuant to this Section 3.F, the Executive shall continue to be fully bound by Executive’s Continuing Obligations. 

G. Resignation by the Executive for Good Cause. 

(1) If any of the following events shall occur without the Executive’s consent, the Executive shall be entitled to resign
Executive’s employment with the Company for Good Cause: (i) the Company materially reduces Executive’s Annual Base Salary or Annual Bonus opportunity percentage; (ii) a material diminution in Executive’s responsibilities; or
(iii) the Company relocates Company’s headquarters more than twenty (20) miles from the existing location. Notwithstanding the foregoing, the events described in clauses 

  
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(i), (ii) or (iii) shall not constitute Good Cause unless (A) Executive has given the Company written notice of Executive’s resignation for Good Cause, setting forth the
conduct of the Company that is alleged to constitute Good Cause, within thirty (30) days following the occurrence of such event, and (B) Executive has provided the Company at least thirty (30) days following the date on which such
notice is provided to cure such conduct and the Company has failed to do so. Failing such cure, a termination of employment of Executive by Executive for Good Cause shall be effective on the day following the expiration of such cure period. 

(2) If the Executive resigns his employment with the Company for Good Cause in accordance with Section 3.G(1) above, Executive shall be
entitled and subject to the same rights and obligations as provided herein for a termination without Cause, as specified by Section 3.E(2) herein. 

4. Restrictive Covenants. 

A. Confidential Information. 

(1) Covenant Not to Disclose Confidential Information. The Executive acknowledges that the services to be performed by Executive
hereunder are special, unique and extraordinary in that, by reason of Executive’s employment hereunder and Executive’s past employment with the Company, Executive will acquire and have access to, and has acquired and has had access to, the
Company’s Confidential Information (defined below), the use or disclosure of which could cause the Company substantial loss and damages which could not be readily calculated and for which no remedy at law would be adequate. The Executive shall
not, during the Employment Period or at any time thereafter, disclose in any way the Company’s Confidential Information or any part thereof, to any person, firm, corporation, association, or any other operation or entity or use the Confidential
Information on Executive’s own behalf, for any reason or purpose, except as necessary to perform Executive’s job duties, or destroy the Confidential Information. The Executive agrees that Executive will not distribute any Confidential
Information to any third person or permit the reproduction of the Confidential Information, except on behalf of the Company in Executive’s capacity as an executive of the Company. The Executive hereby assumes responsibility for and shall
indemnify and hold the Company harmless from and against any disclosure by the Executive or use by the Executive of the Confidential Information in violation of this Agreement other than pursuant to subpoena, court order, discovery request, or as
otherwise required by law, or for whistleblower actions. 
 (2) Definition of Confidential Information. For purposes of this
Agreement, “Confidential Information” shall include, but is not limited to, the following information, which information is not generally known or readily available to the public or the Company’s competitors: (a) confidential and
proprietary matters relating to the sales operations of the Company, or its Parent, subsidiaries, or affiliates of the Company, including, but not limited to, sales methods; pricing information; merchandising and marketing plans and strategies;
proprietary information relating to recipes, services, products and product specifications, processes, techniques and know-how; and supplier and vendor lists; (b) confidential and proprietary matters relating to the business and financial
operations of the Company or its Parent, subsidiaries, or affiliates of the Company, including, but not limited to, financial data and plans; budgets and financial statements; business plans and strategies; research

  
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and development plans; product or service plans; training materials; methods of distribution; assets and liabilities; past, present or proposed business operations, mergers or acquisitions or
projects; business opportunities for new or developing business; recruiting methodology; and personnel information concerning Company employees (other than the Executive); (c) confidential and proprietary intellectual property of the Company or
its Parent, subsidiaries, or affiliates of the Company, including, but not limited to, concepts, ideas, proposals, Inventions (defined in Section 5), formulas, technology, improvements, discoveries, developments, proposed trademarks, trade and
domain names; and (d) any trade secret of the Company or its Parent, subsidiaries or affiliates of the Company as defined by law. The Executive understands and agrees that the rights and obligations set forth in this Section 4.A are
perpetual and shall extend beyond the Executive’s employment with the Company. Confidential Information shall not include general industry information or information which is or becomes publicly available, information which the Executive has
lawfully acquired from a source other than the Company (provided that such source is not bound by a confidentiality agreement with the Company), disclosures required by any registration or filing with any agency or regulatory authority; information
which is required to be disclosed pursuant to any law, regulation, or rule of any governmental body , agency or authority or court order, and/or as may be necessary for purposes of disclosure to accountants, financial advisors or other counsel, who
shall be made aware of and agree to be bound by the confidentiality provisions hereof. 
 (3) Disclosure of Confidential Information for
Certain Purposes. Executive understands that nothing in this Agreement shall be construed to prohibit Executive from reporting possible violations of law or regulation to any governmental agency or regulatory body or making other disclosures
that are protected under any law or regulation, or from filing a charge with or participating in any investigation or proceeding conducted by any governmental agency or regulatory body (including under any governmental agency’s whistleblower
program). Executive understands that the Defending Trade Secrets Act provides that Executive may not be held criminally or civilly liable under any Federal or state trade secret law for the disclosure of a trade secret that is made in confidence to
a Federal, state, or local government official, either directly or indirectly, or to an attorney, and solely for the purpose of reporting or investigating a suspected violation of law; or that is made in a complaint or other document filed in a
lawsuit or other proceeding, if such filing is made under seal. In the event that Executive files a lawsuit for retaliation by the Company, Parent or its subsidiaries or affiliates for reporting a suspected violation of law, Executive may disclose
the trade secret to Executive’s attorney and use the trade secret information in the court proceeding, if Executive files any document containing the trade secret under seal and does not disclose the trade secret, except pursuant to court
order. 
 B. Covenant Not to Compete. During the Employment Period and for the longer of (i) the period of time during which the
Executive holds, directly or indirectly, any equity securities of the Company and (ii) a period of one (1) year after the date of termination of the Executive’s employment, however caused and for any reason, the Executive shall not:

 (1) directly or indirectly induce or attempt to induce any senior managers or executives of the Company or those of any of its Parent,
subsidiaries or affiliates to terminate their employment, or refrain from renewing or extending such employment, with the Company or such affiliate or subsidiary; 

  
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 (2) directly or indirectly own, control or participate in the ownership or control of, or
be employed by or on behalf of, or provide services to, any restaurant business which operates a restaurant similar to that operated by the Company within a five (5) mile radius of any restaurant operated or owned by the Company or its Parent,
subsidiaries, or affiliates, during the Employment Period; or 
 (3) directly or indirectly solicit or cause or encourage any person to
solicit any business in competition with the Company or its Parent, subsidiaries, or affiliates. 
 C. Mutual Covenant Not to
Disparage. The Executive agrees not to disparage, at any time, the Company, or its Parent, subsidiaries or affiliates of the Company, or any of their business practices, products or services, or any of their directors, officers, agents,
representatives, stockholders or affiliates, either orally or in writing. Upon termination of the Executive’s employment, the Company agrees that it will instruct its Board of Directors and senior management to not make any oral or written
statement that disparages the Executive. Nothing in this Section shall prohibit either the Executive or the Company from responding truthfully to subpoenas or in connection with whistleblower actions and other court ordered inquiries or proceedings.

 5. Inventions. 

A. Assignment. The Executive agrees to assign and hereby assigns to the Company, without further consideration, all right, title, and
interest that the Executive may presently have or acquire (throughout the United States and in all foreign countries), free and clear of all liens and encumbrances, in and to each Invention (as defined in this Section 5), which Invention shall
be the sole property of the Company, whether or not patentable. “Invention” as used herein shall mean all ideas, processes, trademarks, service marks, inventions, technology, computer programs, original works of authorship, designs,
formulas, discoveries, patents, copyrights, moral rights (including but not limited to rights to attribution or integrity) and all improvements, rights, and claims related to the foregoing that are in all cases conceived, created, developed, or
reduced to practice by the Executive alone or with others during the scope and course of Executive employment with the Company (or any affiliate). In addition, to the extent not assigned, the Executive hereby irrevocably waives any moral rights
(including rights of attribution and integrity) that Executive may have with respect to the Inventions. The Executive acknowledges that all original works of authorship which are made by the Executive (solely or jointly with others) within the scope
of Executive’s employment and which are protectable by copyright are “Works Made For Hire” as defined in the United States Copyright Act (17 USCA, § 101) and are included in the definition of Inventions. The Executive shall
promptly disclose any such Invention to the Company. 
 B. Prior Inventions. Unless attached hereto as an exhibit, the Executive
represents that Executive does not have or possess any invention made or developed by Executive prior to Executive’s employment with the Company which relates to the business, products or research and development of the Company as of or prior
to the date hereof (“Prior Invention”), or that Executive has already assigned all such inventions to the Company. If any Prior Invention is incorporated into a Company product, process or machine, the Company is hereby granted and shall
have a nonexclusive, royalty-free, irrevocable, perpetual, worldwide license to make, have made, modify, adapt, use, import, and sell such Prior Invention as part of or in connection with such product, process or machine. 

  
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 C. Assistance. The Executive agrees to assist the Company, or its designee, at the
Company’s expense, in securing the Company’s rights in and to the Inventions and any other intellectual property rights relating thereto in any and all countries. Such assistance shall include the disclosure to the Company of all pertinent
information and data with respect thereto, the execution of all applications, specifications, oaths, assignments and all other instruments which the Company shall deem necessary in order to apply for and obtain such rights and in order to assign and
convey to the Company, its successors, assigns and nominees the sole and exclusive rights, title and interest in and to such Inventions, and other intellectual property rights relating thereto. The Executive agrees to maintain adequate and current
written records on the development of all Inventions and to disclose promptly to the Company all Inventions and relevant records, which records will remain the sole property of the Company. The Executive further agrees that all information and
records pertaining to any idea, process, trademark, service mark, invention, discovery, improvement, technology, computer program, original work of authorship, design formula, discovery, patent, or copyright that the Executive does not believe to be
an Invention, but is conceived, developed, or reduced to practice by the Executive (alone or with others) during Executive’s employment with the Company shall be promptly disclosed to the Company (such disclosure to be received in confidence).

 6. Company Property. The Executive acknowledges that the Confidential Information and any and all notes, records, sketches,
computer diskettes, training materials and other documents relating to the Company obtained by or provided to the Executive, created or developed by the Executive during the course of Executive’s employment with the Company, or otherwise made,
produced or compiled by the Executive during the Employment Period, regardless of the type of medium in which they were preserved, are the sole and exclusive property of the Company and shall be surrendered to the Company upon the Executive’s
termination from the Company, however caused and for any reason, or on demand at any time by the Company. 
 7. Comparative Right to
Injunctive Relief. In the event of a breach or threatened breach of any of the Executive’s duties and obligations under the terms and provisions of Sections 4, 5 or 6 hereof, the Company shall be entitled, in addition to any other legal
or equitable remedies it may have in connection therewith (including any right to damages that it may suffer), to temporary, preliminary and permanent injunctive relief restraining such breach or threatened breach. The Executive hereby expressly
acknowledges that the harm which might result to the Company’s business as a result of any noncompliance by the Executive with any of the provisions of Sections 4, 5 or 6 would be irreparable. The Executive specifically agrees that if there is
a question as to the enforceability of any of the provisions of Sections 4, 5 or 6, the Executive will not engage in any conduct inconsistent with or contrary to such Sections until after the question has been resolved by a final judgment of a court
of competent jurisdiction. 

  
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 8. Arbitration. Subject to Section 7 of this Agreement, and in
consideration of the Company employing the Executive and the salary and benefits provided under this Agreement, the Executive and the Company agree that all claims arising out of or relating to Executive employment, including its termination, shall
be resolved by binding arbitration. This Agreement expressly does not prohibit either party from seeking provisional injunctive relief, including to prevent irreparable harm, in any court of competent jurisdiction including as set forth in
Section 7. The dispute will be arbitrated in accordance with the rules of the American Arbitration Association (“AAA”) under its then-existing Employment Arbitration Rules. The parties shall bear equally the arbitration administrative
costs and arbitrator’s fees, subject to applicable law and the AAA rules. Each party shall bear Executive/its own attorneys’ fees and legal costs. The parties agree to file any demand for arbitration within the time limit established by
the applicable statute of limitations for the asserted claims. Failure to demand arbitration within the prescribed time period shall result in waiver of said claims. The parties agree that the arbitration shall take place in Tampa, Florida. THE
PARTIES HEREBY ACKNOWLEDGE THAT BY THIS AGREEMENT TO ARBITRATE THEY ARE WAIVING THEIR RIGHT TO A JURY TRIAL. 
 9. Successors.
The Company may assign its rights and obligations under this Agreement, and may assign or encumber this Agreement and its rights hereunder as security for indebtedness of the Company and its affiliates. Neither this Agreement nor any rights,
interests or obligations hereunder may be assigned by the Executive without the prior written consent of the Company. 
 10.
Confidentiality. Subject to applicable law, the Executive shall keep this Agreement and the terms of Executive employment with the Company confidential, and shall not disclose or discuss the same with anyone other than Executive’s
attorney, accountant or spouse. 
 11. Miscellaneous. 

A. Construction. This Agreement shall be deemed drafted equally by both the parties. Its language shall be construed as a whole and
according to its fair meaning. Any presumption or principle that the language is to be construed against any party shall not apply. The headings in this Agreement are only for convenience and are not intended to affect construction or
interpretation. Any references to paragraphs, subparagraphs, sections or subsections are to those parts of this Agreement, unless the context clearly indicates to the contrary. Also, unless the context clearly indicates to the contrary, (1) the
plural includes the singular and the singular includes the plural; (2) “and” and “or” are each used both conjunctively and disjunctively; (3) “any,” “all,” “each,” or “every”
means “any and all,” and “each and every”; (4) “includes” and “including” are each “without limitation”; (5) “herein,” “hereof,” “hereunder” and other similar
compounds of the word “here” refer to the entire Agreement and not to any particular paragraph, subparagraph, section or subsection; and (6) all pronouns and any variations thereof shall be deemed to refer to the masculine, feminine,
neuter, singular or plural as the identity of the entities or persons referred to may require. 

  
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 B. Notices. All notices and other communications hereunder shall be in writing and
shall be given by hand delivery to the other party or by registered or certified mail, return receipt requested, postage prepaid, addressed as follows: 

If to the Executive: 

Christopher Tomasso 
 [●]

 If to the Company: 
 First
Watch Restaurants, Inc. 
 c/o Advent International Corporation 

75 State Street 
 Boston,
Massachusetts 02109 
 Attention: Tricia Patrick, James Westra 

Facsimile: (617) 951-0566 

E-mail: tpatrick@adventinternational.com; 

             jwestra@adventinternational.com 

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

Weil, Gotshal & Manges, LLP 

100 Federal Street, Floor 34 

Boston, Massachusetts 02109 

Attention: Marilyn French Shaw 

Facsimile: (617) 772-8333 

E-mail: marilynfrench.shaw@weil.com 
 or
to such other address as either party shall have furnished to the other in writing in accordance herewith. Notice and communications shall be effective when actually received by the addressee. 

C. Enforcement. If any provision of this Agreement is held by a court or arbitrator of competent jurisdiction to be illegal, invalid or
unenforceable under present or future laws effective during the Employment Period, such provision shall be reformed to the maximum extent permissible under law to an enforceable provision as similar in terms as possible to such illegal, invalid or
unenforceable provision, and the remaining provisions of this Agreement shall remain in full force and effect. If said illegal, invalid or unenforceable provision cannot be reformed, such provision shall be fully severable from this Agreement, and
this Agreement shall be construed and enforced as if such illegal, invalid or unenforceable provision had never comprised a portion of this Agreement, and the remaining provisions of this Agreement shall remain in full force and effect and shall not
be affected by the illegal, invalid or unenforceable provision or by its severance from this Agreement. Furthermore, in lieu of such illegal, invalid or unenforceable provision there shall be added automatically as part of this Agreement a provision
as similar in terms to such illegal, invalid or unenforceable provision as may be possible and be legal, valid and enforceable. 

  
 12 

 D. Withholding. The Company shall be entitled to withhold from any amounts payable
under this Agreement any federal, state, local or foreign withholding or other taxes or charges which it is from time to time required to withhold. The Company shall be entitled to rely on an opinion of counsel if any questions as to the amount or
requirement of such withholding shall arise. 
 E. No Waiver. No waiver by either party at any time of any breach by the other party
of, or compliance with, any condition or provision of this Agreement to be performed by the other party shall be deemed a waiver of similar or dissimilar provisions or conditions at any time. 

F. Complete Agreement. This Agreement constitutes the entire and complete understanding and agreement between the parties with respect
to the subject matter hereof, and supersedes all prior and contemporaneous oral and written agreements, representations and understandings between the Executive and the Company, or its subsidiaries and affiliates, relating to the subject matter
herein. Other than expressly set forth herein, the Executive and the Company acknowledge and represent that there are no other promises, terms, conditions or representations (oral or written) regarding any matter relevant hereto. For avoidance of
doubt, the Prior Employment Agreement is hereby terminated, cancelled and of no further force or effect. This Agreement may be executed in two or more counterparts. 

G. Choice of Law. This Agreement and the rights and obligations hereunder shall be governed by and construed in accordance with the laws
of the State of Florida without reference to principles of conflicts of law of Florida or any other jurisdiction, and, where applicable, the laws of the United States. 

H. Amendment. This Agreement may not be amended or modified at any time except by a written instrument executed by both the Executive
and an authorized representative of the Company and approved by the Board. 
 I. Executive Acknowledgement and Representation. The
Executive acknowledges that Executive has read and understands this Agreement, is fully aware of its legal effect, has not acted in reliance upon any representations or promises made by the Company other than those contained in writing herein, and
has entered into this Agreement freely based on the Executive’s own judgment. The Executive further represents and warrants that there is no agreement or other legal impediment or contractual obligation that prohibits or would otherwise prevent
the Executive from continuing employment with the Company, executing this Agreement, and performing the duties and services provided for hereunder. The Executive further acknowledges that Executive has had the opportunity to consult with an attorney
and/or tax advisor of Executive choice with respect to this Agreement. 
 12. 409A. 

A. Compliance. It is intended that compensation paid or delivered to the Executive pursuant to this Agreement is either paid in
compliance with, or is exempt from, Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and the regulations promulgated thereunder (together, “Section 409A”), and this Agreement shall be interpreted
and administered accordingly. However, the Company does not warrant to the Executive that all amounts paid or delivered to him will be exempt from, or paid in compliance 

  
 13 

 
with, Section 409A. The Executive understands and agrees that he bears the entire risk of any adverse federal, state or local tax consequences and penalty taxes which may result from payment
on a basis contrary to the provisions of Section 409A or comparable provisions of any applicable state or local income tax laws. The Executive acknowledges that Executive has been advised to seek the advice of a tax advisor with respect to the
tax consequences of all payments pursuant to this Agreement, including any adverse tax consequence under Section 409A and applicable state tax law. 

B. Amounts Payable On Account of Termination. If and to the extent necessary to comply with Section 409A, for the purposes of
determining when amounts otherwise payable on account of the Executive’s termination of employment under this Agreement will be paid, “terminate”, “terminated” or “termination” or words of similar import relating
to the Executive’s employment with the Company, as used in this Agreement, shall be construed as the date that the Executive first incurs a “separation from service,” within the meaning of Section 409A, from the Company. 

C. Interpretative Rules. In applying Section 409A to amounts paid pursuant to this Agreement, any right to a series of installment
payments under this Agreement shall be treated as a right to a series of separate payments. 
 [Signature Page to Follow]

  
 14 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed on
the date written below effective as of the day and year first above written. 
  

									
		 		 		 		 	EXECUTIVE
					
	Dated:	 	August 21, 2017	 		 		 	 /s/ Christopher Tomasso

		 		 		 		 	Christopher Tomasso

  

  
 [SIGNATURE PAGE TO
EMPLOYMENT AGREEMENT] 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed on
the date written below effective as of the day and year first above written. 
  

									
		 		 		 	FIRST WATCH RESTAURANTS, INC.
					
	Dated:	 	August 21, 2017	 		 	By:	 	 /s/ Kenneth L. Pendery, Jr.

		 		 		 	Name:	 	Kenneth L. Pendery, Jr.
		 		 		 	Title:	 	Chief Executive Officer

  

  
 [SIGNATURE
PAGE To EMPLOYMENT AGREEMENT]EX-10.3

 Exhibit 10.3 

AI FRESH SUPER HOLDCO, INC. 

2017 OMNIBUS EQUITY INCENTIVE PLAN 

Article 1. Establishment & Purpose 

1.1 Establishment. AI Fresh Super Holdco, Inc., a Delaware corporation (the “Company”), hereby
establishes the 2017 Omnibus Equity Incentive Plan (this “Plan”) as set forth herein. 
 1.2 Purpose of this
Plan. The purpose of this Plan is to attract, retain and motivate the management, employees and certain non-employee independent directors of the Company and its Subsidiaries and Affiliates and to
promote the success of the Company’s business by providing them with appropriate incentives and rewards either through a proprietary interest in the long-term success of the Company or compensation based on fulfilling certain performance goals.

 Article 2. Definitions 

Capitalized terms used and not otherwise defined herein shall have the meanings set forth below. 

2.1 “Affiliate” has the meaning set forth in the Stockholders Agreement. 

2.2 “Award” means any Option, Stock Appreciation Right, Restricted Stock or Other Stock-Based Award that is
granted under this Plan. 
 2.3 “ Award Agreement” means either (a) a written agreement entered
into by the Company and a Participant setting forth the terms and provisions applicable to an Award, or (b) a written statement signed by an authorized officer of the Company to a Participant describing the terms and provisions of the
actual grant of such Award. 
 2.4 “Board” means the Board of Directors of the Company. 

2.5 “Change in Control” has the meaning set forth in the Partnership Agreement; provided,
that to the extent necessary to comply with Section 409A of the Code with respect to the payment of deferred compensation, “Change in Control” shall be limited to a “change in control event” as defined in Treasury
Regulations Section 1.409A-3(i)(5) prescribed pursuant to Section 409A of the Code. 

2.6 “Code” means the U.S. Internal Revenue Code of 1986, as amended from time to time. 

2.7 “Committee” means the Board, or any committee thereof designated by the Board to administer this Plan
in accordance with Article 3 of this Plan. 
 2.8 “Director” means a member of the Board who is not an
Employee. 
 2.9 “Eligible Person” means (a) a Director who is not an employee or partner of Advent
International, Inc., a Delaware corporation, or one of its Affiliates, or (b) an Employee. 
 2.10
“Employee” means an officer or other employee of the Company or any Subsidiary or Affiliate, including a member of the Board who is such an employee. 

2.11 “Fair Market Value” means, as of any day, with respect to the Shares: 

 

	 	(a)	 if the Shares are immediately and freely tradable on a stock exchange or in over-the-counter market, the closing price per Share on the preceding day, or if no trades were made on such date, the immediately preceding day on which trades were made; or 

	 	(b)	 in the absence of such a market for the Shares, the fair value per Share as determined in good faith by the
Board and, for the purpose of determining the Option Price or grant price of an Award, consistent with the principles of Section 409A of the Code. 

2.12 “Incentive Stock Option” means an Option intended to meet the requirements of an incentive stock
option as defined in Section 422 of the Code and designated as an Incentive Stock Option in accordance with Article 6 of this Plan. 

2.13 “Nonqualified Stock Option” means an Option that is not an Incentive Stock Option. 

2.14 “Option” means any Option granted from time to time under Article 6 of this Plan. 

2.15 “Option Price” means the purchase price per Share subject to an Option, as determined pursuant to
Section 6.2 of this Plan. 
 2.16 “Other Stock-Based Award” means any Award granted
under Article 9 of this Plan. 
 2.17 “Participant” means any Eligible Person as set forth in
Section 4.1 to whom an Award is granted. 
 2.18 “Partnership Agreement” means that
certain Amended and Restated Agreement of Limited Partnership of AI Fresh Holdings Limited Partnership entered into as of August 21, 2017 by and among the AI Fresh Topco LLC, as the general partner and the Persons listed on the signature
pages thereto, as may be amended from time to time. 
 2.19 “Permanent Disability” has the meaning set forth
below, except with respect to any Participant who is engaged by the Company or one of its Affiliates pursuant to an effective written Service agreement in which there is a definition of “Permanent Disability” or an equivalent term,
in which event the definition of “Permanent Disability” as set forth in such Service agreement shall be deemed to be the definition of “Permanent Disability” herein solely for such Participant and only for so long as such
employment agreement remains effective. In all other events, the term “Permanent Disability” means: a determination by independent competent medical authority (selected by the Board) that the Participant is unable to perform the
Participant’s duties, and in all reasonable medical likelihood such inability shall continue for a consecutive period of 90 days or for a period in excess of 120 days in any 365-day period. 

2.20 “Person” has the meaning set forth in the Partnership Agreement. 

2.21 “Restricted Stock” means any Award granted under Article 8 of this Plan. 

2.22 “Restriction Period” means the period during which Restricted Stock awarded under Article 8
of this Plan is restricted. 
 2.23 “Section 409A” means Section 409A of
the Code together with all regulations, guidance, compliance programs and other interpretative authority thereunder. 
 2.24
“Service” means service as an Employee or Director. 

  
 2 

 2.25 “Share” means a share of common stock of the Company,
par value $0.01 per share, or such other class or kind of shares or other securities resulting from the application of Article 11 of this Plan. 

2.26 “Stock Appreciation Right” means any right granted under Article 7 of this Plan 

2.27 “Subsidiary” has the meaning set forth in the Partnership Agreement. 

2.28 “Ten-Percent Shareholder” means a person who on any given date
owns, either directly or indirectly (taking into account the attribution rules contained in Section 424(d) of the Code), stock possessing more than 10% of the total combined voting power of all classes of stock of the Company or a
Subsidiary or Affiliate. 
 Article 3. Administration 

3.1 Authority of the Committee. This Plan shall be administered by the Committee, which shall have all powers and discretion
necessary or appropriate to administer the Plan and to control its operation, including, but not limited to, the power to (a) determine the Eligible Persons to whom Awards shall be granted under the Plan, (b) prescribe the restrictions,
terms and conditions of all Awards, (c) interpret the Plan and terms of the Awards, (d) adopt rules for the administration, interpretation and application of the Plan as are consistent therewith, and interpret, amend or revoke any such
rules, (e) make all determinations with respect to a Participant’s Service and the termination of such Service for purposes of any Award, (f) correct any defect(s) or omission(s) or reconcile any ambiguity(ies) or inconsistency(ies)
in the Plan or any Award thereunder, (g) make all determinations it deems advisable for the administration of the Plan, (h) decide all disputes arising in connection with the Plan and to otherwise supervise the administration of the Plan,
(i) subject to the terms of the Plan, amend the terms of an Award in any manner that is not inconsistent with the Plan, (j) accelerate the vesting or, to the extent applicable, exercisability of any Award at any time (including, but not
limited to, upon a Change in Control or upon termination of Service under certain circumstances, as set forth in the Award Agreement or otherwise), and (k) adopt such procedures and subplans as are necessary or appropriate to permit
participation in the Plan by Eligible Persons who are foreign nationals or who provide Services outside of the United States. The Committee’s determinations under the Plan need not be uniform and may be made by the Committee selectively among
Participants and Eligible Persons, whether or not such persons are similarly situated. The Committee shall, in its discretion, consider such factors as it deems relevant in making its interpretations, determinations and actions under the Plan,
including, without limitation, the recommendations or advice of any officer or employee of the Company or such attorneys, consultants, accountants or other advisors as it may select. All interpretations, determinations and actions by the Committee
shall be final, conclusive and binding upon all parties. 
 3.2 Delegation. The Committee may delegate to one or more of its members,
one or more officers of the Company or any Subsidiary or one or more agents or advisors such administrative duties or powers as it may deem advisable. 

Article 4. Eligibility and Participation 

4.1 Eligibility. Participants will consist of such Eligible Persons as the Committee in its sole discretion determines and whom
the Committee may designate from time to time to receive Awards under this Plan; provided, however, that Options and Stock Appreciation Rights may only be granted to those Eligible Persons with respect to whom the Company is an
“eligible issuer” within the meaning of Section 409A of the Code. Designation of a Participant in any year shall not require the Committee to designate such person to receive an Award in any other year or, once designated, to receive
the same type or amount of Award as granted to the Participant in any other year. 

  
 3 

 4.2 Type of Awards. Awards under this Plan may be granted in any one or a
combination of: (a) Options; (b) Stock Appreciation Rights; (c) Restricted Stock; and (d) Other Stock-Based Awards. Awards granted under this Plan shall be evidenced by Award Agreements (which need not be identical) that provide
additional terms and conditions associated with such Awards, including, without limitation restrictive covenants, as determined by the Committee in its sole discretion; provided, however, that in the event of any conflict between the
provisions of this Plan and any such Award Agreement, the provisions of this Plan shall prevail. 
 Article 5. Shares Subject to
this Plan; Maximum Awards 
 5.1 Number of Shares Available for Awards. 

 

	 	(a)	 Shares. Subject to adjustment as provided in this Article 5 and Article
11 of the Plan, the maximum number of Shares available for issuance to Participants pursuant to Awards under the Plan shall be 518,520. The Shares available for issuance under the Plan may consist, in whole or in part, of
authorized and unissued Shares or treasury Shares. 

  

	 	(b)	 Additional Shares. In the event that any outstanding Award expires or is forfeited, cancelled or
otherwise terminated without consideration (i.e., Shares or cash) therefor, the Shares subject to such Award, to the extent of any such forfeiture, cancellation, expiration, termination or settlement, shall again be available for Awards under this
Plan; provided, that any Shares tendered to or withheld by the Company as part or full payment for the purchase price, Option Price or grant price of an Award or to satisfy all or part of the Company’s tax withholding obligation with
respect to an Award shall not again be available for Awards. If the Committee authorizes the assumption under this Plan, in connection with any merger, consolidation, acquisition of property or stock, or reorganization, of awards granted under
another plan, such assumption shall not reduce the maximum number of Shares available for issuance under this Plan. 

Article 6. Options 

6.1 Grant of Options. The Committee is hereby authorized to grant Options to Participants. Each Option shall permit a Participant
to purchase from the Company a stated number of Shares at an Option Price established by the Committee, subject to the terms and conditions described in this Article 6 and to such additional terms and conditions, as established by the
Committee, in its sole discretion, that are consistent with the provisions of the Plan. Options shall be designated as either Incentive Stock Options or Nonqualified Stock Options; provided, that Options granted to Directors shall be
Nonqualified Stock Options. An Option granted as an Incentive Stock Option shall, to the extent it fails to qualify under the Code as an Incentive Stock Option, be treated as a Nonqualified Stock Option. None of the Committee, the Company, any of
its Subsidiaries or Affiliates or any of their employees or representatives shall be liable to any Participant or to any other Person if it is determined that an Option intended to be an Incentive Stock Option does not qualify under the Code as an
Incentive Stock Option. Each Option shall be evidenced by an Award Agreement that shall state the number of Shares covered by such Option. Such Award Agreement shall conform to the requirements of the Plan and may contain such other provisions as
the Committee shall deem advisable. 

  
 4 

 6.2 Option Price. The Option Price shall be determined by the Committee at the time
of grant, but shall not be less than 100% of the Fair Market Value of a Share on the date of grant. In the case of any Incentive Stock Option granted to a Ten-Percent Shareholder, the Option Price shall
not be less than 110% of the Fair Market Value of a Share on the date of grant. 
 6.3 Option Term. The term of each Option shall be
determined by the Committee at the time of grant and shall be stated in the Award Agreement, but in no event shall such term be greater than ten years (or, in the case on an Incentive Stock Option granted to a
Ten-Percent Shareholder, five years). 
 6.4 Time of Exercise. Options granted under this
Article 6 shall be exercisable at such times and be subject to such restrictions and conditions as the Committee shall in each instance approve as set forth in each Award Agreement, which terms and restrictions need not be
the same for each grant or for each Participant. 
 6.5 Method of Exercise. Except as otherwise provided in the Plan or in an Award
Agreement, an Option may be exercised for all, or from time to time any part, of the Shares for which it is then exercisable. For purposes of this Article 6, the exercise date of an Option shall be the later of the date a notice of
exercise is received by the Company and, if applicable, the date full payment is received by the Company pursuant to clauses (a), (b), (c), (d), or (e) of the following sentence (including the applicable tax withholding pursuant to
Section 13.3 of the Plan). The aggregate Option Price for the Shares as to which an Option is exercised shall be paid to the Company in full at the time of exercise at the election of the Participant: (a) in cash or
its equivalent (e.g., by cashier’s check); (b) to the extent permitted by the Committee, in Shares (whether or not previously owned by the Participant) having a Fair Market Value equal to the aggregate Option Price for the Shares being
purchased and satisfying such other requirements as may be imposed by the Committee; (c) partly in cash and, to the extent permitted by the Committee, partly in such Shares (as described in (b) above); (d) in connection with a Change in
Control, or as may otherwise be permitted by the Committee, by reducing the number of Shares otherwise deliverable upon the exercise of the Option by the number of Shares having a Fair Market Value equal to the Option Price, net of withholding; or
(e) if there is a public market for the Shares at such time, subject to such requirements as may be imposed by the Committee, through the delivery of irrevocable instructions to a broker to sell Shares obtained upon the exercise of the Option
and to deliver promptly to the Company an amount out of the proceeds of such sale equal to the aggregate Option Price for the Shares being purchased. The Committee may prescribe any other method of payment that it determines to be consistent with
applicable law and the purpose of the Plan. 
 6.6 Limitations on Incentive Stock Options. Incentive Stock Options may be granted
only to employees of the Company or of a “parent corporation” or “subsidiary corporation” (as such terms are defined in Section 424 of the Code) at the date of grant. The aggregate Fair Market Value (generally
determined as of the time the Option is granted) of the Shares with respect to which Incentive Stock Options are exercisable for the first time by a Participant during any calendar year under all plans of the Company and of any “parent
corporation” or “subsidiary corporation” shall not exceed $100,000 or the Option shall be treated as a Nonqualified Stock Option, but only to the extent of that portion of the Option in excess of the limit. For purposes of the
preceding sentence, unless otherwise designated by the Company, Incentive Stock Options will be taken into account in the order in which they are granted. Each provision of the Plan and each Award Agreement relating to an Incentive Stock Option
shall be construed so that each Incentive Stock Option shall be an incentive stock option as defined in Section 422 of the Code, and any provisions of the Award Agreement thereof that cannot be so construed shall be disregarded. 

  
 5 

 Article 7. Stock Appreciation Rights 

7.1 Grant of Stock Appreciation Rights. The Committee is hereby authorized to grant Stock Appreciation Rights to Participants.
Stock Appreciation Rights shall be evidenced by Award Agreements that shall conform to the requirements of the Plan and may contain such other provisions as the Committee shall deem advisable. Subject to the terms of the Plan and any applicable
Award Agreement, a Stock Appreciation Right granted under the Plan shall confer on the holder thereof a right to receive, upon exercise thereof, the excess of: (a) the Fair Market Value of a specified number of Shares on the date of exercise
over (b) the grant price of the right as specified by the Committee on the date of the grant. Such payment may be in the form of cash, Shares, other property or any combination thereof, as the Committee shall determine in its sole discretion.

 7.2 Terms of Stock Appreciation Right. Each Stock Appreciation Right grant shall be evidenced by an Award Agreement that
shall state the grant price (which shall not be less than 100% of the Fair Market Value of a Share on the date of grant), term, methods of exercise, methods of settlement and such other provisions as the Committee shall determine. No Stock
Appreciation Right shall have a term of more than ten years from the date of grant. 
 Article 8. Restricted Stock 

8.1 Grant of Restricted Stock. The Committee is hereby authorized to grant Restricted Stock to Participants. An Award of
Restricted Stock is a grant by the Committee of a specified number of Shares to the Participant, which Shares are subject to forfeiture upon the occurrence of specified events. Participants shall be awarded Restricted Stock in exchange for
consideration not less than the minimum consideration required by applicable law. Restricted Stock shall be evidenced by an Award Agreement, which shall conform to the requirements of the Plan and may contain such other provisions as the Committee
shall deem advisable. 
 8.2 Terms of Restricted Stock Awards. Each Award Agreement evidencing a Restricted Stock grant shall
specify: the Restriction Period(s); the number of Shares of Restricted Stock subject to the Award; the purchase price, if any, of the Restricted Stock; the performance, Service or other conditions (including the termination of a Participant’s
Service whether due to death, Permanent Disability or other reason) under which the Restricted Stock may be forfeited to the Company; and such other provisions as the Committee shall determine. Any Restricted Stock granted under the Plan shall be
evidenced in such manner as the Committee may deem appropriate, including book-entry registration or issuance of a stock certificate or certificates (in which case, the certificate(s) representing such Shares shall be legended as to sale, transfer,
assignment, pledge or other encumbrances during the Restriction Period and deposited by the Participant, together with a stock power endorsed in blank, with the Company, to be held in escrow during the Restriction Period). At the end of the
Restriction Period, the restrictions imposed hereunder and under the Award Agreement shall lapse with respect to the number of Shares of Restricted Stock as determined by the Committee, and, except as provided in
Section 13.6, the legend required by this Section 8.2 shall be removed and such number of Shares delivered to the Participant (or, where appropriate, the Participant’s legal representative).

 8.3 Voting and Dividend Rights. The Committee shall determine and set forth in a Participant’s Award Agreement whether
or not a Participant holding Restricted Stock granted hereunder shall (a) have the right to exercise voting rights with respect to the Restricted Stock during the Restriction Period (the Committee may require a Participant to grant an
irrevocable proxy and power of substitution) and/or (b) have the right to receive dividends on the Restricted Stock during the Restriction Period (and, if so, on what terms). 

  
 6 

 8.4 Performance Goals. The Committee may condition the grant of Restricted Stock or
the expiration of the Restriction Period upon the Participant’s achievement of one or more performance goal(s) specified in the Award Agreement. If the Participant fails to achieve the specified performance goal(s), the Committee shall
not grant the Restricted Stock to such Participant, or the Participant shall forfeit the Award of Restricted Stock to the Company, as applicable. 

8.5 Section 83(b) Election. If a Participant makes an election pursuant to Section 83(b) of the Code in
respect of an Award of Restricted Stock, the Participant shall be required to file promptly a copy of such election with the Company. 

Article 9. Other Stock-Based Awards 

The Committee, in its sole discretion, may grant Awards of Shares and Awards that are valued, in whole or in part, by reference to, or are
otherwise based on the Fair Market Value of, Shares, including without limitation, restricted stock units, dividend equivalent rights and other phantom awards. Such Other Stock-Based Awards shall be in such form, and dependent on such conditions, as
the Committee shall determine, including, without limitation, the right to receive one or more Shares (or the equivalent cash value of such Shares) upon the completion of a specified period of Service, the occurrence of an event, and/or the
attainment of performance objectives. Subject to the provisions of the Plan, the Committee shall determine to whom and when Other Stock-Based Awards will be made; the number of Shares to be awarded under (or otherwise related to) such Other
Stock-Based Awards; whether such Other Stock-Based Awards shall be settled in cash, Shares or a combination; and all other terms and conditions of such Awards (including, without limitation, the vesting provisions thereof and provisions ensuring
that all Shares so awarded and issued shall be fully paid and non-assessable). Each Other Stock-Based Award grant shall be evidenced by an Award Agreement, which shall conform to the requirements of the Plan.

 Article 10. Compliance with Section 409A of the Code 

10.1 General. The Company intends that the Plan and all Awards be construed to avoid the imposition of additional taxes, interest
and penalties pursuant to Section 409A. Notwithstanding the Company’s intention, in the event any Award is subject to such additional taxes, interest or penalties pursuant to Section 409A, the Committee may, in its sole discretion and
without a Participant’s prior consent, amend the Plan and/or Awards, adopt policies and procedures or take any other actions (including amendments, policies, procedures and actions with retroactive effect) as are necessary or appropriate to
(a) exempt the Plan and/or any Award from the application of Section 409A, (b) preserve the intended tax treatment of any such Award or (c) comply with the requirements of Section 409A, including, without limitation, any
such regulations, guidance, compliance programs and other interpretative authority that may be issued after the date of the grant. In no event shall the Company or any of its Subsidiaries or Affiliates be liable for any additional tax, interest or
penalties that may be imposed on a Participant under Section 409A or for any damages for failing to comply with Section 409A. 

10.2 Payments to Specified Employees. Notwithstanding any contrary provision in the Plan or Award Agreement, any payments of
nonqualified deferred compensation (within the meaning of Section 409A) that are otherwise required to be made under the Plan to a “specified employee” (as defined under Section 409A) as a result of his or her separation from
service (other than a payment that is not subject to Section 409A) shall be delayed for the first six months following such separation from service (or, if earlier, until the date of death of the specified employee) and shall instead be paid
(in a manner set forth in the Award Agreement) on the day that immediately follows the end of such six-month period or as soon as administratively practicable thereafter. Any remaining payments of nonqualified
deferred compensation shall be paid without delay and at the time or times such payments are otherwise scheduled to be made. 

  
 7 

 10.3 Separation from Service. A termination of Service shall not be deemed to have
occurred for purposes of any provision of the Plan or any Award Agreement providing for the payment of any amounts or benefits that are considered nonqualified deferred compensation under Section 409A upon or following a termination of
Service unless such termination is also a “separation from service” within the meaning of Section 409A and the payment thereof prior to a “separation from service” would violate Section 409A. For purposes of any such
provision of the Plan or any Award Agreement relating to any such payments or benefits, references to a “termination,” “termination of employment,” “termination of service” or like term shall mean “separation from
service.” 
 Article 11. Adjustments 

11.1 Adjustments in Authorized Shares. In the event of any corporate event or transaction involving the Company, a Subsidiary or
an Affiliate (including, but not limited to, a change in the Shares of the Company or the capitalization of the Company), such as a merger, consolidation, reorganization, recapitalization, separation, stock dividend, stock split, reverse stock
split, split-up, spin-off, combination of Shares, exchange of Shares, dividend in kind, extraordinary cash dividend, amalgamation or other like change in capital
structure (other than normal cash dividends to stockholders of the Company), or any similar corporate event or transaction, the Committee, to prevent dilution or enlargement of Participants’ rights under the Plan, shall substitute or adjust, in
its sole discretion: the number and kind of Shares or other property that may be issued under the Plan or under particular forms of Awards; the number and kind of Shares or other property subject to outstanding Awards; the Option Price, grant price
or purchase price applicable to outstanding Awards; and/or other value determinations (including performance conditions) applicable to the Plan or outstanding Awards. All adjustments shall be made in good-faith compliance with Section 409A. For
the avoidance of doubt, the purchase of Shares or other equity securities of the Company by a stockholder of the Company or any third party from the Company shall not constitute a corporate event or transaction giving rise to an adjustment described
in this Section 11.1. 
 11.2 Change in Control. Upon the occurrence of a Change in Control after the
Effective Date, unless otherwise specifically prohibited under applicable laws or by the rules and regulations of any governing governmental agencies or national securities exchanges, or unless the Committee shall specify otherwise in the
Award Agreement, the Committee is authorized (but not obligated) to make adjustments in the terms and conditions of outstanding Awards, including, without limitation, the following (or any combination thereof): (a) continuation or assumption of such
outstanding Awards under the Plan by the Company (if it is the surviving company or corporation) or by the surviving company or corporation or its parent; (b) substitution by the surviving company or corporation or its parent of equity,
equity-based and/or cash awards with substantially the same terms for outstanding Awards (excluding the consideration payable upon settlement of the Awards); (c) accelerated exercisability, vesting and/or lapse of restrictions under outstanding
Awards immediately prior to the occurrence of such event; (d) upon written notice, provide that any outstanding Awards must be exercised, to the extent then exercisable, during a reasonable period of time immediately prior to the scheduled
consummation of the event or such other period as determined by the Committee (contingent upon the consummation of the event), and at the end of such period, such Awards shall terminate to the extent not so exercised within the relevant period;
(e) cancellation of all or any portion of outstanding Awards for fair value (in the form of cash, Shares, other property or any combination thereof) as determined in the sole discretion of the Committee and which value may be zero;
provided, that in the case of Options and Stock Appreciation Rights or similar Awards, the fair value may equal the excess, if any, of the value of the consideration to be paid in the Change in

  
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Control transaction to holders of the same number of Shares subject to such Awards (or, if no such consideration is paid, Fair Market Value of the Shares subject to such outstanding Awards or
portion thereof being cancelled) over the aggregate Option Price or grant price, as applicable, with respect to such Awards or portion thereof being cancelled, or if no such excess, zero; provided, further, that if any payments or
other consideration are deferred and/or contingent as a result of escrows, earnouts, holdbacks or any other contingencies, payments under this provision may be made on substantially the same terms and conditions applicable to, and only to the extent
actually paid to, the holders of Shares in connection with the Change in Control; provided, further, that such payments or other consideration may be limited to comply with Section 409A of the Code; and (f) cancellation of
all or any portion of outstanding unvested and/or unexercisable Awards for no consideration. 
 Article 12. Duration; Amendment,
Modification, Suspension and Termination 
 12.1 Duration of Plan. Unless sooner terminated as provided in
Section 12.2, this Plan shall terminate on the tenth (10th) anniversary of the Effective Date. 

12.2 Amendment, Modification, Suspension and Termination of Plan. Subject to the terms of the Plan, the Committee may amend,
alter, suspend, discontinue or terminate this Plan or any portion thereof or any Award (or Award Agreement) hereunder at any time, in its sole discretion; provided, that no action taken by the Committee shall adversely affect any economic
rights granted to any Participant or adversely affect in any material respect any non-economic rights granted to any Participant under any outstanding Awards (other than pursuant to Article 10 or as the
Committee deems necessary to comply with applicable law, including without limitation, the Dodd-Frank Wall Street Reform and Consumer Protection Act) without the Participant’s written consent. 

Article 13. General Provisions 

13.1 No Right to Service or Award. The granting of an Award under the Plan shall impose no obligation on the Company, any
Subsidiary or any Affiliate to continue the Service of a Participant and shall not lessen or affect any right that the Company, any Subsidiary or any Affiliate may have to terminate the Service of such Participant. No Participant or other Person
shall have any claim to be granted any Award, and there is no obligation for uniformity of treatment of Participants, or holders or beneficiaries of Awards. The terms and conditions of Awards and the Committee’s determinations and
interpretations with respect thereto need not be the same with respect to each Participant (whether or not such Participants are similarly situated). 

13.2 Settlement of Awards. Each Award Agreement shall establish the form in which the Award shall be settled. The Committee shall
determine whether cash, Awards, other securities or other property shall be issued or paid in lieu of fractional Shares or whether such fractional Shares or any rights thereto shall be issued, rounded, forfeited, or otherwise eliminated. 

13.3 Tax Withholding. The Company shall have the power and the right to deduct or withhold automatically from any amount
deliverable under the Award or otherwise, or require a Participant to remit to the Company, the minimum statutory amount to satisfy federal, state and local taxes, domestic or foreign, required by law or regulation to be withheld with respect to any
taxable event arising as a result of the Plan. The Committee, in its sole discretion, may permit Participants to satisfy the withholding requirement, in whole or in part, by having the Company withhold Shares having a Fair Market Value equal to the
minimum statutory total tax that could be imposed in connection with any such taxable event. 

  
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 13.4 No Guarantees Regarding Tax Treatment. Participants (or their beneficiaries)
shall be responsible for all taxes with respect to any Awards under the Plan. The Committee and the Company make no guarantees to any Person regarding the tax treatment of Awards or payments made under the Plan. Neither the Committee nor the
Company has any obligation to take any action to prevent the assessment of any tax on any Person with respect to any Award under Section 409A of the Code or Section 457A of the Code or otherwise, and none of the Company, any of its
Subsidiaries or Affiliates, or any of their employees or representatives shall have any liability to a Participant with respect thereto. 

13.5 Non-Transferability of Awards. Unless otherwise determined by the Committee, an
Award shall not be transferable or assignable by the Participant except in the event of the Participant’s death (subject to the applicable laws of descent and distribution), and any such purported assignment, alienation, pledge, attachment,
sale, transfer or encumbrance shall be void and unenforceable against the Company or any Subsidiary or Affiliate. No transfer shall be permitted for value or consideration. An award exercisable after the death of a Participant may be exercised by
the heirs, legatees, personal representatives or distributees of the Participant. Any permitted transfer of the Awards to heirs, legatees, personal representatives or distributees of the Participant shall not be effective to bind the Company unless
the Committee shall have been furnished with written notice thereof and a copy of such evidence as the Committee may deem necessary to establish the validity of the transfer and the acceptance by the transferee or transferees of the terms and
conditions hereof. 
 13.6 Stockholders Agreement; Conditions and Restrictions on Shares. Shares received in connection with
Awards granted hereunder shall be subject to all of the terms and conditions of the Stockholders Agreement, including all transfer restrictions, repurchase options and participation rights set forth therein. As a condition to receiving, exercising
or settling an Award, if not already fully bound by the terms set forth in the Stockholders Agreement, each Participant shall sign (a) a joinder agreement pursuant to which such Participant shall become fully bound by the terms set forth in the
Stockholders Agreement, and (b) any registration rights agreement as the Committee may require. The Committee may impose such other conditions or restrictions on any Shares received in connection with an Award as it may deem advisable or
desirable. These restrictions may include, but shall not be limited to, requirements that the Participant: (i) hold the Shares received for a specified period of time or (ii) represent and warrant in writing that the Participant is
acquiring the Shares for investment and without any present intention to sell or distribute such Shares. The certificates for Shares may include any legend that the Committee deems appropriate to reflect any conditions and restrictions applicable to
such Shares. 
 13.7 Shares Not Registered. Shares and Awards shall not be issued under this Plan unless the issuance and
delivery of such Shares and any Awards comply with (or are exempt from) all applicable requirements of law, including, without limitation, the Securities Act of 1933, as amended, the rules and regulations promulgated thereunder, state securities
laws and regulations, and the regulations of any stock exchange or other securities market on which the Company’s securities may then be traded. The Company shall not be obligated to file any registration statement under any applicable
securities laws to permit the purchase or issuance of any Shares or any Awards under this Plan, and, accordingly, any certificates for Shares or documents granting Awards may have an appropriate legend or statement of applicable restrictions
endorsed thereon. If the Company deems it necessary to ensure that the issuance of securities under this Plan is not required to be registered under any applicable securities laws, each Participant to whom such security would be purchased or issued
shall deliver to the Company an agreement or certificate containing such representations, warranties and covenants as the Company reasonably requires. 

  
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 13.8 Awards to Non-U.S. Eligible Persons. To
comply with the laws in countries other than the United States in which the Company or any Subsidiary or Affiliate operates or engages Eligible Persons, the Committee, in its sole discretion, shall have the power and authority to:
(a) determine which Subsidiaries or Affiliates shall be covered by the Plan; (b) determine which Employees and Directors outside the United States are eligible to participate in the Plan; (c) modify the terms and conditions of any
Award granted to Eligible Persons outside the United States to comply with applicable foreign laws; (d) take any action, before or after an Award is made, that it deems advisable to obtain approval or comply with any necessary local government
regulatory exemptions or approvals; and (e) establish sub-plans and modify exercise procedures and other terms and procedures, to the extent such actions may be necessary or advisable. 

13.9 Rights as a Stockholder. Except as otherwise provided herein or in the applicable Award Agreement, a Participant shall have
none of the rights of a stockholder with respect to Shares covered by any Award until the Participant becomes the record holder of such Shares. 

13.10 Severability. If any provision of the Plan or any Award is or becomes or is deemed to be invalid, illegal or unenforceable
in any jurisdiction, or as to any Person or Award, or would disqualify the Plan or any Award under any law deemed applicable by the Committee, such provision shall be construed or deemed amended to conform to applicable laws, or if it cannot be so
construed or deemed amended without, in the determination of the Committee, materially altering the intent of the Plan or the Award, such provision shall be stricken as to such jurisdiction, Person, or Award, and the remainder of the Plan and any
such Award shall remain in full force and effect. 
 13.11 Unfunded Plan. Participants shall have no right, title or interest
whatsoever in or to any investments that the Company or any of its Subsidiaries or Affiliates may make to aid it in meeting its obligations under the Plan. Nothing contained in the Plan, and no action taken pursuant to its provisions, shall
create or be construed to create a trust of any kind, or a fiduciary relationship between the Company and any Participant, beneficiary, legal representative, or any other Person. To the extent that any Person acquires a right to receive payments
from the Company under the Plan, such right shall be no greater than the right of an unsecured general creditor of the Company. All payments to be made hereunder shall be paid from the general funds of the Company, and no special or separate fund
shall be established and no segregation of assets shall be made to assure payment of such amounts. The Plan is not subject to the U.S. Employee Retirement Income Security Act of 1974, as amended from time to time. 

13.12 No Constraint on Corporate Action. Nothing in the Plan shall be construed to: (a) limit, impair or otherwise affect
the Company’s right or power to make adjustments, reclassifications, reorganizations or changes of or to its capital or business structure or to merge or consolidate, or dissolve, liquidate, sell or transfer all or any part of its business or
assets; or (b) limit the right or power of the Company to take any action that it deems to be necessary or appropriate. 
 13.13
Successors. All obligations of the Company under the Plan with respect to Awards granted hereunder shall be binding on any successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase,
merger, consolidation or otherwise, of all or substantially all of the business or assets of the Company. 
 13.14 Governing Law. This
Plan and each Award Agreement and all claims or causes of action or other matters (whether in contract, tort or otherwise) that may be based upon, arise out of or relate to this Plan or any Award Agreement or the negotiation, execution or
performance of this Plan or any Award Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, excluding any conflict- or
choice-of-law rule or principle that might otherwise refer construction or interpretation of this Plan to the substantive law of another jurisdiction. 

  
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 13.15 Effective Date. The Plan shall be effective as of the date of its adoption by
the Board, which date is set forth below (the “Effective Date”). 

*            *           
  * 
 This Plan was duly adopted and approved by the Board of Directors of the Company on August 31, 2017. 

  
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