Document:

Form of Registration Rights Agreement

 Exhibit 10.4 
 FORM OF REGISTRATION RIGHTS AGREEMENT 
 This Registration Rights
Agreement is dated as of the [            ] day of [            ], 2012, by and between Blyth, Inc., a Delaware corporation
(“Blyth”) and ViSalus, Inc., a Nevada corporation (“ViSalus”). Blyth and ViSalus are sometimes referred to herein separately as a “Party” and together as the “Parties.” 

RECITALS 

WHEREAS, Blyth and ViSalus currently contemplate that ViSalus will make an initial public offering (the “IPO”);

 WHEREAS, in connection therewith, the parties are entering into the Master Transaction Agreement, dated as of the date
hereof (the “Transaction Agreement”) to set forth certain arrangements between Blyth and ViSalus regarding their relationship from and after the consummation of the IPO; 

WHEREAS, capitalized terms used herein without definition shall have the meanings ascribed to such terms in the Transaction
Agreement; 
 WHEREAS, the Parties desire to enter into this Agreement setting forth the rights of Holders to cause
ViSalus to register Registrable Securities, as more fully set forth in this Agreement. 
 NOW, THEREFORE, in
consideration of the foregoing premises and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Blyth and ViSalus, intending to be legally bound, for themselves and their respective successors and
assigns, hereby mutually covenant and agree as follows: 
 ARTICE I 

DEFINITIONS 
 Section 1.01 Definitions. As used in this Agreement, the following terms shall have the following meanings, applicable both to the singular and the plural forms of the terms described: 

“Affiliate” means, with respect to any Person, any other Person who, directly or indirectly, controls, is controlled by,
or is under common control with such Person, including without limitation any general partner, managing member, officer or director of such Person or any investment fund now or hereafter existing that is controlled by one or more general partners or
managing members of, or shares the same management company with, such Person. 
 “Agreement” means this
Registration Rights Agreement as the same may be amended and supplemented from time to time in accordance with the provisions hereof. 
 “Class A common stock” shall mean the Class A common stock, par value $[0.01] per share, of ViSalus. 

 “Class B common stock” shall mean the Class B common stock, par value
$[0.01] per share, of ViSalus. 
 “Continuously Effective” with respect to a specified registration statement,
means that such registration statement shall not cease to be effective and available for transfers of Registrable Securities in accordance with the method of distribution set forth therein for longer than five (5) business days during the
period specified in the relevant provision of this Agreement. 
 “Holders” shall mean, collectively,
Blyth and its Affiliated Companies (excluding the ViSalus Group) who from time to time own Registrable Securities and any holder of Registrable Securities to whom the registration rights conferred by this Agreement have been duly and validly
transferred in accordance with Section 3.01 of this Agreement; each of such Persons separately is sometimes referred to herein as a “Holder”  

“Immediate Family Member” means a child, stepchild, grandchild, parent, stepparent, grandparent, spouse, sibling,
mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including adoptive relationships, of a natural person. 
 “Maximum Number” when used in connection with an Underwritten Offering, shall mean the maximum number of shares of ViSalus Capital Stock (or amount of other Registrable Securities) that
the Underwriters’ Representative has informed ViSalus may be included as part of such offering without materially and adversely affecting the success or pricing of such offering. 

“Registrable Securities” means (i) the Class A common stock and the Class B common stock held by Blyth
immediately following the IPO Date (the “Shares”), (ii) any other securities issued or distributed to Blyth or the then current Holder thereof in respect of the Class A common stock or Class B common stock by way of stock
dividend or stock split or in connection with a combination of shares, recapitalization, reorganization, merger, consolidation or otherwise, (iii) any Class A common stock or other securities received by Blyth or the then current Holder
thereof into which or for which Class B common stock are converted or exchanged or are convertible or exchangeable, and (iv) any other successor securities received by Blyth or the then current Holder thereof in respect of any of the forgoing
(i) through (iii); provided that in the event that any Registrable Securities (as defined without giving effect to this proviso) are being registered pursuant hereto, the Holder may include in such registration (subject to the
limitations of this Agreement otherwise applicable to the inclusion of Registrable Securities) any Class A common stock or Class B common stock or securities acquired in respect thereof thereafter acquired by such Holder, which shall also be
deemed to be “Shares” and accordingly Registrable Securities, for purposes of such registration. As to any particular Registrable Securities, such Registrable Securities shall cease to be Registrable Securities when (w) a registration
statement with respect to the sale by the Holder thereof shall have been declared effective under the Securities Act and such Shares shall have been disposed of in accordance with such registration statement, (x) they shall have been
distributed to the public in accordance with Rule 144 or they may be sold or transferred by the Holder thereof without restriction pursuant to Rule 144, (y) they shall have been otherwise transferred by Blyth to an entity or Person that is not
an Affiliated Company of Blyth or a transferee permitted under 

  
 2 

 
Section 3.01 of this Agreement, new certificates for them not bearing a legend restricting further transfer shall have been delivered by ViSalus and subsequent disposition of them
shall not require registration or qualification of them under the Securities Act or any state securities or blue sky law then in effect or (z) they shall have ceased to be outstanding. 

“Registration Expenses” means any and all out-of-pocket expenses incident to performance of or compliance with
ARTICLE II of this Agreement, including, without limitation, (i) all Commission registration and filing fees, (ii) all fees and expenses of complying with securities or blue sky laws (including fees and disbursements of counsel for
any underwriters in connection with blue sky qualifications of the Registrable Securities) or relating to the Financial Industry Regulatory Authority, Inc., (iii) all printing, messenger and delivery expenses, (iv) all fees and expenses
incurred in connection with listing (or authorizing for quotation) the Registrable Securities on a securities exchange or automated inter-dealer quotation system pursuant to the requirements hereof, (v) the fees and disbursements of counsel for
ViSalus and of its independent public accountants, (vi) all expenses in connection with the preparation, printing and filing of the registration statement, any preliminary prospectus or final prospectus and amendments and supplements thereto
and the mailing and delivering of copies thereof to any Holders, underwriters and dealers and all expenses incidental to delivery of the Registrable Securities, (vii) the reasonable fees and disbursements of one firm of counsel, other than
ViSalus’ counsel, selected by the Holders of Registrable Securities being registered, (viii) any fees and disbursements of underwriters customarily paid by the issuers or sellers of securities, and the reasonable fees and expenses of any
special experts retained in connection with the requested registration, but excluding underwriting discounts and commissions and transfer taxes, if any, and (ix) the expenses incurred in connection with making “road show”
presentations and holding meetings with potential investors to facilitate the distribution and sale of Registrable Securities. 

“Rule 144” means Rule 144 (or any successor rule to similar effect) promulgated under the Securities Act. 

“Rule 415 Offering” means an offering on a delayed or continuous basis pursuant to Rule 415 (or any successor rule to
similar effect) promulgated under the Securities Act. 
 “Underwritten Offering” shall mean a registration in
which securities of ViSalus are sold to one or more underwriters for reoffering to the public. 
 “Underwriters’
Representative” when used in connection with an Underwritten Offering, shall mean the managing underwriter of such offering, or, in the case of a co-managed underwriting, the managing underwriters designated as the Underwriters’
Representative by the co-managers. 
 Section 1.02 Internal References. Unless the context indicates otherwise,
references to Articles, Sections and paragraphs shall refer to the corresponding articles, sections and paragraphs in this Agreement and references to the parties shall mean the parties to this Agreement. 

  
 3 

 ARTICE II 
 REGISTRATION RIGHTS 
 Section 2.01 Demand Registration. 

(a) The Holders shall have the right after the IPO Date to request in writing (a “Request”) (which request shall specify
the Registrable Securities intended to be disposed of by such Holders and the intended method of distribution thereof, including in a Rule 415 Offering, if ViSalus is then eligible to register such Registrable Securities on Form S-3 (or a successor
form) for such offering) that ViSalus register such portion of such Holders’ Registrable Securities as shall be specified in the Request (a “Demand Registration”) by filing with the Commission, as soon as practicable
thereafter, but not later than the 45th day (or the 75th day if the applicable registration form is other than Form S-3) after the receipt of such a Request by ViSalus, a registration statement (a “Demand Registration Statement”)
covering such Registrable Securities, and ViSalus shall use its reasonable best efforts to have such Demand Registration Statement become effective with the Commission concurrently with filing or as soon as practicable thereafter, but in no event
later than the 90th day (or the 105th day if the applicable registration form is other than Form S-3) after the receipt of such a Request, and, subject to Section 2.04, to keep such Demand Registration Statement Continuously Effective
for a period of at least twenty-four (24) months, in the case of a Rule 415 Offering, or, in all other cases, for a period of at least 180 days following the date on which such Demand Registration Statement is declared effective (or for such
shorter period which will terminate when all of the Registrable Securities covered by such Demand Registration Statement shall have been sold pursuant thereto), including, if necessary, by filing with the Commission a post-effective amendment or a
supplement to the Demand Registration Statement or the related prospectus or any document incorporated therein by reference or by filing any other required document or otherwise supplementing or amending the Demand Registration Statement, if
required by the rules, regulations or instructions applicable to the registration form used by ViSalus for such Demand Registration Statement or by the Securities Act, the Exchange Act, any state securities or blue sky laws, or any rules and
regulations thereunder; provided that such period during which the Demand Registration Statement shall remain Continuously Effective shall, in the case of an Underwritten Offering, and subject to Section 2.04, be extended for such period
(if any) as the underwriters shall reasonably require, including to satisfy, in the judgment of counsel to the underwriters, any prospectus delivery requirements imposed by applicable law. 

(b) ViSalus shall not be obligated to effect more than two (2) Demand Registrations. For purposes of the preceding sentence, a
Demand Registration shall not be deemed to have been effected (and, therefore, not requested for purposes of paragraph (a) above), (i) unless a Demand Registration Statement with respect thereto has become effective, (ii) if after
such Demand Registration Statement has become effective, the offer, sale or distribution of Registrable Securities thereunder is prevented by any stop order, injunction or other order or requirement of the Commission or other governmental agency or
court for any reason not attributable to any Holder and such effect is not thereafter eliminated or (iii) if the conditions to closing specified in the purchase agreement or underwriting agreement entered into in connection with such
registration are not satisfied or waived other than by reason of a failure on the part of any Holder. If ViSalus shall have complied with its obligations under ARTICLE II, a right to a Demand Registration pursuant to this
Section 2.01 shall be deemed to have been 

  
 4 

 
satisfied upon the earlier of (x) the date as of which all of the Registrable Securities included therein shall have been sold to the underwriters or distributed pursuant to the Demand
Registration Statement and (y) the date as of which such Demand Registration Statement shall have been effective for an aggregate period of at least twenty-four (24) months, in the case of a Rule 415 Offering, or, in all other cases, for a
period of at least 180 days following the effectiveness of such Demand Registration Statement. 
 (c) Any request made pursuant
to this Section 2.01 shall be addressed to the attention of the secretary of ViSalus, and shall specify the number of Registrable Securities to be registered. 
 (d) ViSalus may not include in a Demand Registration pursuant to Section 2.01 hereof shares of ViSalus Capital Stock for the account of ViSalus or any Subsidiary of ViSalus, but, if and to the
extent required by a contractual obligation, may, subject to compliance with Section 2.01(e), include shares of ViSalus Capital Stock for the account of any other Person who holds shares of ViSalus Capital Stock entitled to be included
therein; provided, however, that if the Underwriters’ Representative of any offering described in this Section 2.01 shall have informed ViSalus in writing that in its judgment there is a Maximum Number of shares of
ViSalus Capital Stock that all Holders and any other Persons desiring to participate in such Demand Registration may include in such offering, then ViSalus shall include in such Demand Registration all Registrable Securities requested to be included
in such registration by the Holders together with up to such additional number of shares of ViSalus Capital Stock that any other Persons entitled to participate in such registration desire to include in such registration up to the Maximum Number
that the Underwriters’ Representative has informed ViSalus may be included in such registration without materially and adversely affecting the success or pricing of such offering; provided that the number of shares of ViSalus Capital
Stock to be offered for the account of all such other Persons participating in such registration shall be reduced in a manner determined by ViSalus in its sole discretion. 
 (e) No Holder may participate in any Underwritten Offering under Section 2.01 hereof and no other Person shall be permitted to participate in any such offering pursuant to
Section 2.01 hereof unless it completes and executes all customary questionnaires, powers of attorney, custody agreements, underwriting agreements and other customary documents required under the customary terms of such underwriting
arrangements. In connection with any Underwritten Offering under Section 2.01 hereof, each participating Holder and ViSalus and, except in the case of a Rule 415 Offering hereof, each other Person shall be a party to the underwriting
agreement with the underwriters and may be required to make certain customary representations and warranties and provide certain customary indemnifications for the benefits of the underwriters; provided that the Holders shall not be required
to make representations and warranties with respect to ViSalus or their business and operations and shall not be required to agree to any indemnity or contribution provisions less favorable to them than as are set forth herein. 

Section 2.02 Piggyback Registration. 
 (a) In the event that ViSalus at any time after the IPO Date proposes to register any of its ViSalus Capital Stock, any other of its equity securities or securities

  
 5 

 
convertible into or exchangeable for its equity securities (collectively, including ViSalus Capital Stock, “Other Securities”) under the Securities Act, either in connection with
a primary offering for cash for the account of ViSalus, a secondary offering or a combined primary and secondary offering, ViSalus will each time it intends to effect such a registration, give written notice (a “Company Notice”) to
all Holders of Registrable Securities at least thirty (30) business days prior to the initial filing of a registration statement with the Commission pertaining thereto, informing such Holders of its intent to file such registration statement
and of the Holders’ right to request the registration of the Registrable Securities held by the Holders. Upon the written request of the Holders made within fifteen (15) business days after any such Company Notice is given (which request
shall specify the Registrable Securities intended to be disposed of by such Holder and the intended distribution thereof, provided, however, if (i) the Registrable Securities intended to be disposed of are Class A common
stock and (ii) the applicable registration is intended to effect a primary offering of Class A common stock for cash for the account of ViSalus, such request shall specify only the Registrable Securities intended to be disposed of by such
Holder), ViSalus will use its reasonable best efforts to effect the registration under the Securities Act of all Registrable Securities which ViSalus has been so requested to register by the Holders to the extent required to permit the disposition
(in accordance with the intended methods of distribution thereof or, in the case of a registration which is intended to effect a primary offering for cash for the account of ViSalus, in accordance with ViSalus’ intended method of distribution)
of the Registrable Securities so requested to be registered, including, if necessary, by filing with the Commission a post-effective amendment or a supplement to the registration statement filed by ViSalus or the related prospectus or any document
incorporated therein by reference or by filing any other required document or otherwise supplementing or amending the registration statement filed by ViSalus, if required by the rules, regulations or instructions applicable to the registration form
used by ViSalus for such registration statement or by the Securities Act, any state securities or blue sky laws, or any rules and regulations thereunder; provided, however, that if, at any time after giving written notice of its
intention to register any Other Securities and prior to the Effective Date of the registration statement filed in connection with such registration, ViSalus shall determine for any reason not to register or to delay such registration of the Other
Securities, ViSalus shall give written notice of such determination to each Holder of Registrable Securities and, thereupon, (i) in the case of a determination not to register, ViSalus shall be relieved of its obligation to register any
Registrable Securities in connection with such registration (but not from its obligation to pay the Registration Expenses incurred in connection therewith or from ViSalus’ obligations with respect to any subsequent registration) and
(ii) in the case of a determination to delay such registration, ViSalus shall be permitted to delay registration of any Registrable Securities requested to be included in such registration statement for the same period as the delay in
registering such Other Securities; further provided, however, that if, at any time after making a written request for the registration of Registrable Securities and prior to the Effective Date of the registration statement filed in
connection with such registration a Holder shall determine for any reason not to register all or any portion of such Registrable Securities, such Holder shall give ViSalus written notice of such determination and, thereupon, such Holder’s
Registrable Securities, or such portion thereof, shall not be registered in connection with such registration and ViSalus shall be relieved of its obligation to register such Holder’s Registrable Securities, or such portion thereof, in
connection with such registration (but not from its obligation to pay the Registration Expenses incurred in connection therewith or from ViSalus’ obligations with respect to any subsequent registration). 

  
 6 

 (b) If, in connection with a registration statement pursuant to this
Section 2.02, the Underwriters’ Representative of the offering registered thereon shall inform ViSalus in writing that in its opinion there is a Maximum Number of shares of ViSalus Capital Stock that may be included therein and if
such registration statement relates to an offering initiated by ViSalus of Common Stock being offered for the account of ViSalus, ViSalus shall include in such registration: (i) first, the number of shares ViSalus proposes to offer
(“Company Securities”), (ii) second, up to the full number of Registrable Securities held by Holders of Registrable Securities that are requested to be included in such registration (Registrable Securities that are so held
being sometimes referred to herein as “Blyth Securities”) to the extent necessary to reduce the respective total number of shares of ViSalus Capital Stock requested to be included in such offering to the Maximum Number recommended
by such Underwriters’ Representative (and in the event that such Underwriters’ Representative advises that less than all of such Blyth Securities may be included in such offering, the Holders of Registrable Securities may withdraw their
request for registration of their Registrable Securities under this Section 2.02 and not less than 90 days subsequent to the Effective Date of the registration statement for the registration of such Other Securities request that such
registration be effected as a registration under Section 2.01 to the extent permitted thereunder) and (iii) third, up to the full number of the Other Securities (other than Company Securities), if any, in excess of the number of
Company Securities and Blyth Securities to be sold in such offering to the extent necessary to reduce the respective total number of shares of ViSalus Capital Stock requested to be included in such offering to the Maximum Number recommended by such
Underwriters’ Representative (and, if such number is less than the full number of such Other Securities, such number shall be allocated pro rata among the holders of such Other Securities (other than Company Securities) on the basis of
the number of securities requested to be included therein by each such holder). 
 (c) If, in connection with a registration
statement pursuant to this Section 2.02, the Underwriters’ Representative of the offering registered thereon shall inform ViSalus in writing that in its opinion there is a Maximum Number of shares of ViSalus Capital Stock that may
be included therein and if such registration statement relates to an offering initiated by any Person other than ViSalus (the “Other Holders”), ViSalus shall include in such registration the number of securities (including
Registrable Securities) that such underwriters advise can be so sold without adversely affecting such offering, allocated pro rata among the Other Holders and the Holders of Registrable Securities on the basis of the number of securities
(including Registrable Securities) requested to be included therein by each Other Holder and Holder of Registrable Securities. 

(d) No Holder may participate in any Underwritten Offering under this Section 2.02 and no other Person shall be permitted to
participate in any such offering pursuant to this Section 2.02 unless it completes and executes all customary questionnaires, powers of attorney, custody agreements, underwriting agreements and other customary documents required under
the customary terms of such underwriting arrangements. In connection with any Underwritten Offering under this Section 2.02, each participating Holder and ViSalus and each such other Person shall be a party to the underwriting agreement
with the underwriters of such offering and may be required to make certain customary representations and warranties and 

  
 7 

 
provide certain customary indemnifications for the benefits of the underwriters; provided that the Holders shall not be required to make representations and warranties with respect to
ViSalus or their business and operations and shall not be required to agree to any indemnity or contribution provisions less favorable to them than as are set forth herein. 
 (e) ViSalus shall not be required to effect any registration of Registrable Securities under this Section 2.02 incidental to the registration of any of its securities in connection with
ViSalus’ issuance of registered shares of ViSalus Capital Stock in mergers, acquisitions, reorganizations, exchange offers, subscription offers, dividend reinvestment plans or stock option or other executive or employee benefit or compensation
plans. 
 (f) The registration rights granted pursuant to the provisions of this Section 2.02 shall be in addition
to the registration rights granted pursuant to Section 2.01. No registration of Registrable Securities effected under this Section 2.02 shall relieve ViSalus of its obligation to effect a registration of Registrable
Securities pursuant to Section 2.01. 
 Section 2.03 Expenses. Except as provided herein, ViSalus shall pay
all Registration Expenses in connection with all registrations of Registrable Securities. Notwithstanding the foregoing, each Holder of Registrable Securities and ViSalus shall be responsible for its own internal administrative and similar costs,
which shall not constitute Registration Expenses. 
 Section 2.04 Blackout Period. ViSalus shall be entitled to elect
that a registration statement not be usable, or that the filing thereof be delayed beyond the time otherwise required, for a reasonable period of time (a “Blackout Period”), if ViSalus reasonably determines in good faith that the
registration and distribution of Registrable Securities (or the use or filing of the IPO Registration Statement or related prospectus) would interfere with any pending material financing, merger, acquisition, consolidation, recapitalization,
corporate reorganization or any other material corporate development involving ViSalus or any of its Subsidiaries or would require premature disclosure thereof that would be detrimental to ViSalus, and ViSalus promptly gives the Holders of
Registrable Securities written notice of such determination, and if requested by Holders and to the extent such action would not violate applicable law, ViSalus will promptly deliver to the Holders a general statement of the reasons for such
postponement or restriction on use and to the extent practicable an approximation of the anticipated delay, and promptly gives the Holders of Registrable Securities written notice at the conclusion of such Blackout Period. For the avoidance of
doubt, the Parties agree that an election by ViSalus that a registration statement for the registration and distribution of Registrable Securities shall not be usable, or shall be delayed, during a Blackout Period shall not act to reduce the period
during which such registration statement shall remain effective pursuant to the terms of this Article II. 
 Section 2.05
Selection of Underwriters. If any Rule 415 Offering or any offering pursuant to a Demand Registration Statement is an Underwritten Offering, Blyth will select a managing underwriter or underwriters to administer the offering, which managing
underwriter shall be reasonably satisfactory to ViSalus. ViSalus shall have the right to select a managing underwriter or underwriters to administer any Underwritten Offering contemplated by Section 2.02. 

  
 8 

 Section 2.06 Obligations of ViSalus. If and whenever ViSalus is required to effect
the registration of any Registrable Securities under the Securities Act as provided in this ARTICLE II, ViSalus shall as promptly as practicable: 
 (a) prepare, file and use its reasonable best efforts to cause to become effective a registration statement under the Securities Act relating to the Registrable Securities to be offered; 

(b) prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus (including any
issuer free writing prospectus required to be so filed) used in connection therewith as may be necessary to keep such registration statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all
Registrable Securities until the earlier of (i) such time as all of such Registrable Securities have been disposed of in accordance with the intended methods of disposition set forth in such registration statement and (ii) the expiration
of one hundred eighty (180) days after such registration statement becomes effective; provided, that such one hundred eighty (180) day period shall be extended for such number of days that equals the number of days elapsing from
(x) the date the written notice contemplated by paragraph (f) below is given by ViSalus to (y) the date on which ViSalus delivers to Holders of Registrable Securities the supplement or amendment contemplated by paragraph
(f) below; 
 (c) furnish to Holders of Registrable Securities and to any underwriter of such Registrable Securities such
number of conformed copies of such registration statement and of each such amendment and supplement thereto (in each case including all exhibits), such number of copies of the prospectus included in such registration statement (including each
preliminary prospectus, any summary prospectus and any issuer free writing prospectus), in conformity with the requirements of the Securities Act, such documents incorporated by reference in such registration statement or prospectus, and such other
documents, as Holders of Registrable Securities or such underwriter may reasonably request, and a copy of any and all transmittal letters or other correspondence to or received from the Commission or any other governmental agency or self-regulatory
body or other body having jurisdiction (including any domestic or foreign securities exchange) relating to such offering; 
 (d)
use its reasonable best efforts to register or qualify all Registrable Securities covered by such registration statement under the securities or blue sky laws of such jurisdictions as the Holders of such Registrable Securities or any underwriter to
such Registrable Securities shall request, and use its reasonable best efforts to obtain all appropriate registrations, permits and consents in connection therewith, and do any and all other acts and things which may be necessary or advisable to
enable the Holders of Registrable Securities or any such underwriter to consummate the disposition in such jurisdictions of its Registrable Securities covered by such registration statement; provided, that ViSalus shall not for any such
purpose be required to qualify generally to do business as a foreign corporation in any such jurisdiction wherein it is not so qualified or to consent to general service of process in any such jurisdiction; 

(e) (i) use its reasonable best efforts to furnish to each Holder of Registrable Securities included in such registration (each, a
“Selling Holder”) and to any underwriter of such Registrable Securities an opinion of counsel for ViSalus addressed to each Selling Holder and 

  
 9 

 
dated the date of the closing under the underwriting agreement (if any) (or if such offering is not underwritten, dated the Effective Date of the registration statement) and (ii) use its
reasonable best efforts to furnish to each Selling Holder a “cold comfort” letter addressed to each Selling Holder and signed by the independent public accountants who have audited the financial statements of ViSalus included in such
registration statement, in each such case covering substantially the same matters with respect to such registration statement (and the prospectus included therein) as are customarily covered in opinions of issuer’s counsel and in
accountants’ letters delivered to underwriters in underwritten public offerings of securities and such other matters as the Selling Holders may reasonably request and, in the case of such accountants’ letter, with respect to events
subsequent to the date of such financial statements; 
 (f) as promptly as practicable, notify the Selling Holders in writing
(i) at any time when a prospectus or, prior to such time as a final prospectus is available, an issuer free writing prospectus relating to a registration made pursuant to Section 2.01 or Section 2.02 contains an untrue
statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading due to the occurrence of any event
and (ii) of any request by the Commission or any other regulatory body or other body having jurisdiction for any amendment of or supplement to any registration statement or other document relating to such offering, and in either such case, at
the request of the Selling Holders prepare and furnish to the Selling Holders a reasonable number of copies of a supplement to or an amendment of such prospectus or, prior to such time as a final prospectus is available, such issuer free writing
prospectus as may be necessary so that, as thereafter delivered to the purchasers of such Registrable Securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein
or necessary to make the statements therein, in light of the circumstances under which they are made, not misleading; 
 (g)
list all such Registrable Securities covered by such registration on each securities exchange and automated inter-dealer quotation system on which a class of common equity securities of ViSalus is then listed; 

(h) to the extent reasonably requested by the lead or managing underwriters, send appropriate officers of ViSalus to attend any
“road shows” scheduled in connection with any such registration, with all out-of-pocket costs and expense incurred by ViSalus or such officers in connection with such attendance to be paid by ViSalus; 

(i) furnish or cause to be furnished for delivery in connection with the closing of any offering of Registrable Securities pursuant to a
registration effected pursuant to Section 2.01 or Section 2.02 unlegended certificates representing ownership of the Registrable Securities being sold in such denominations as shall be requested by the Selling Holders or the
underwriters; and 
 (j) take all other reasonable and customary steps typically taken by issuers to effect the registration and
disposition of such Registrable Securities as contemplated hereby. 
 Section 2.07 Obligations of Selling Holders. Each
Selling Holder agrees by having its securities treated as Registrable Securities hereunder that, upon receipt of written notice from 

  
 10 

 
ViSalus specifying that the prospectus relating to a registration made pursuant to Section 2.01 or Section 2.02 contains an untrue statement of a material fact or omits to
state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading due to the occurrence of any event, such Selling Holder will forthwith
discontinue disposition of Registrable Securities until such Selling Holder is advised by ViSalus that the use of the prospectus may be resumed and is furnished with a supplemented or amended prospectus as contemplated by Section 2.06(f)
hereof, and, if so directed by ViSalus, such Selling Holder will deliver to ViSalus all copies of the prospectus covering such Registrable Securities then in such Selling Holder’s possession at the time of receipt of such notice. 

Section 2.08 Underwriting; Due Diligence. 
 (a) If requested by the underwriters for any Underwritten Offering of Registrable Securities pursuant to a registration requested under this ARTICLE II, ViSalus shall enter into an underwriting
agreement in a form reasonably satisfactory to ViSalus with such underwriters for such offering, which agreement will contain such representations and warranties by ViSalus and such other terms and provisions as are customarily contained in
underwriting agreements with respect to secondary distributions, including, without limitation, indemnification and contribution provisions substantially to the effect and to the extent provided in Section 2.09, and agreements as to the
provision of opinions of counsel and accountants’ letters to the effect and to the extent provided in Section 2.06(e). The Selling Holders on whose behalf the Registrable Securities are to be distributed by such underwriters shall
be a party to any such underwriting agreement and the representations and warranties by, and the other agreements on the part of, ViSalus to and for the benefit of such underwriters, shall also be made to and for the benefit of such Selling Holders.
Such underwriting agreement shall also contain such representations and warranties by such Selling Holders and such other terms and provisions as are customarily contained in underwriting agreements with respect to secondary distributions,
including, without limitation, indemnification and contribution provisions substantially to the effect and to the extent provided in Section 2.09. 
 (b) In connection with the preparation and filing of each registration statement registering Registrable Securities under the Securities Act pursuant to this ARTICLE II, ViSalus shall give the
Holders of such Registrable Securities and the underwriters, if any, and their respective counsel and accountants, such reasonable and customary access to its books and records and such opportunities to discuss the business of ViSalus with its
officers and the independent public accountants who have certified the financial statements of ViSalus as shall be necessary, in the opinion of such Holders and such underwriters or their respective counsel, to conduct a reasonable investigation
within the meaning of the Securities Act; provided, that such Holders and the underwriters and their respective counsel and accountants shall use their reasonable best efforts to coordinate any such investigation of the books and records of
ViSalus and any such discussions with ViSalus’ officers and accountants so that all such investigations occur at the same time and all such discussions occur at the same time. 

  
 11 

 Section 2.09 Indemnification and Contribution. 

(a) In the case of each offering of Registrable Securities made pursuant to this ARTICLE II, ViSalus agrees to indemnify and hold
harmless, to the extent permitted by law, each Selling Holder, each underwriter of Registrable Securities so offered and each Person, if any, who controls any of the foregoing Persons within the meaning of the Securities Act and the officers,
directors, affiliates, employees and agents of each of the foregoing, against any and all losses, liabilities, costs (including reasonable attorney’s fees and disbursements), claims and damages, joint or several, to which they or any of them
may become subject, under the Securities Act or otherwise, including any amount paid in settlement of any litigation commenced or threatened, insofar as such losses, liabilities, costs, claims and damages (or actions or proceedings in respect
thereof, whether or not such indemnified Person is a party thereto) arise out of or are based upon any untrue statement by ViSalus or alleged untrue statement by ViSalus of a material fact contained in the registration statement (or in any
preliminary or final prospectus included therein or issuer free writing prospectus related thereto) or in any offering memorandum or other offering document relating to the offering and sale of such Registrable Securities prepared by ViSalus or at
its direction, or any amendment thereof or supplement thereto, or in any document incorporated by reference therein, or any omission by ViSalus or alleged omission by ViSalus to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading; provided, that ViSalus shall not be liable to any Person in any such case to the extent that any such loss, liability, cost, claim or damage arises out of or relates to any untrue
statement or alleged untrue statement, or any omission, if such statement or omission shall have been made in reliance upon and in conformity with information furnished to ViSalus in writing by or on behalf of such Selling Holder, any other holder
of securities whose securities are included in such registration statement or any such underwriter, as the case may be, specifically for use in the registration statement (or in any preliminary or final prospectus included therein or issuer free
writing prospectus related thereto), offering memorandum or other offering document, or any amendment thereof or supplement thereto. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of any
Selling Holder or any other holder and shall survive the transfer of such securities. The foregoing indemnity agreement is in addition to any liability that ViSalus may otherwise have to each Selling Holder, or other holder or underwriter of the
Registrable Securities or any controlling person of the foregoing and the officers, directors, affiliates, employees and agents of each of the foregoing; provided, further, that, in the case of an offering with respect to which a
Selling Holder has designated the lead or managing underwriters (or a Selling Holder is offering Registrable Securities directly, without an underwriter), this indemnity does not apply to any loss, liability, cost, claim or damage arising out of or
relating to any untrue statement or alleged untrue statement or omission or alleged omission in any preliminary prospectus or offering memorandum if a copy of a final prospectus or offering memorandum was not sent or given by or on behalf of any
underwriter (or such Selling Holder or other holder, as the case may be) to such Person asserting such loss, liability, cost, claim or damage at or prior to the written confirmation of the sale of the Registrable Securities as required by the
Securities Act and such untrue statement or omission had been corrected in such final prospectus or offering memorandum. 
 (b)
In the case of each offering made pursuant to this Agreement, each Selling Holder, by exercising its registration rights hereunder, agrees to indemnify and hold harmless, 

  
 12 

 
and to cause each underwriter of Registrable Securities included in such offering (in the same manner and to the same extent as set forth in Section 2.09(a)) to agree to indemnify and
hold harmless to the extent permitted by law, ViSalus, each other underwriter who participates in such offering, each other Selling Holder or other holder with securities included in such offering and in the case of an underwriter, such Selling
Holder or other holder, and each Person, if any, who controls any of the foregoing within the meaning of the Securities Act and the officers, directors, affiliates, employees and agents of each of the foregoing, against any and all losses,
liabilities, costs (including reasonable attorneys’ fees and disbursements), claims and damages, joint or several, to which they or any of them may become subject, under the Securities Act or otherwise, including any amount paid in settlement
of any litigation commenced or threatened, insofar as such losses, liabilities, costs, claims and damages (or actions or proceedings in respect thereof, whether or not such indemnified Person is a party thereto) arise out of or are based upon any
untrue statement or alleged untrue statement by such Selling Holder or underwriter, as the case may be, of a material fact contained in the registration statement (or in any preliminary or final prospectus included therein or issuer free writing
prospectus related thereto) or in any offering memorandum or other offering document relating to the offering and sale of such Registrable Securities prepared by ViSalus or at its direction, or any amendment thereof or supplement thereto, or in any
document incorporated by reference therein, or any omission by such Selling Holder or underwriter, as the case may be, or alleged omission by such Selling Holder or underwriter, as the case may be, to state therein a material fact required to be
stated therein or necessary to make the statements therein not misleading, but in each case only to the extent that such statement or omission shall have been made in reliance on or in conformity with information furnished to ViSalus in writing by
or on behalf of such Selling Holder or underwriter, as the case may be, specifically for use in such registration statement (or in any preliminary or final prospectus included therein or issuer free writing prospectus related thereto), offering
memorandum or other offering document or any amendment thereof or supplement thereto. The foregoing indemnity is in addition to any liability which such Selling Holder or underwriter, as the case may be, may otherwise have to ViSalus, or controlling
persons and the officers, directors, affiliates, employees, and agents of each of the foregoing; provided, that, in the case of an offering made pursuant to this Agreement with respect to which ViSalus has designated the lead or managing
underwriters (or ViSalus is offering securities directly, without an underwriter), this indemnity does not apply to any loss, liability, cost, claim, or damage arising out of or based upon any untrue statement or alleged untrue statement or omission
or alleged omission in any preliminary prospectus or offering memorandum if a copy of a final prospectus or offering memorandum was not sent or given by or on behalf of any underwriter (or ViSalus, as the case may be) to such Person asserting such
loss, liability, cost, claim or damage at or prior to the written confirmation of the sale of the Registrable Securities as required by the Securities Act and such untrue statement or omission had been corrected in such final prospectus or offering
memorandum. 
 (c) Each party indemnified under paragraph (a) or (b) above shall, promptly after receipt of notice of
a claim or action against such indemnified party in respect of which indemnity may be sought hereunder, notify the indemnifying party in writing of the claim or action; provided, that the failure to notify the indemnifying party shall not relieve it
from any liability that it may have to an indemnified party on account of the indemnity agreement contained in paragraph (a) or (b) above except to the extent that the indemnifying party was actually prejudiced by such failure, and in no
event shall such failure relieve the indemnifying 

  
 13 

 
party from any other liability that it may have to such indemnified party. If any such claim or action shall be brought against an indemnified party, and it shall have notified the indemnifying
party thereof, unless in such indemnified party’s reasonable judgment a conflict of interest between such indemnified party and indemnifying parties may exist in respect of such claim, the indemnifying party shall be entitled to participate
therein, and, to the extent that it wishes, jointly with any other similarly notified indemnifying party, to assume the defense thereof with counsel satisfactory to the indemnified party. After notice from the indemnifying party to the indemnified
party of its election to assume the defense of such claim or action, the indemnifying party shall not be liable to the indemnified party under this Section 2.09 for any legal or other expenses subsequently incurred by the indemnified
party in connection with the defense thereof other than reasonable costs of investigation. Any indemnifying party against whom indemnity may be sought under this Section 2.09 shall not be liable to indemnify an indemnified party if such
indemnified party settles such claim or action without the consent of the indemnifying party. The indemnifying party may not agree to any settlement of any such claim or action, other than solely for monetary damages for which the indemnifying party
shall be responsible hereunder, the result of which any remedy or relief shall be applied to or against the indemnified party, without the prior written consent of the indemnified party, which consent shall not be unreasonably withheld. In any
action hereunder as to which the indemnifying party has assumed the defense thereof with counsel satisfactory to the indemnified party, the indemnified party shall continue to be entitled to participate in the defense thereof, with counsel of its
own choice, but the indemnifying party shall not be obligated hereunder to reimburse the indemnified party for the costs thereof. 
 (d) If the indemnification provided for in this Section 2.09 shall for any reason be unavailable (other than in accordance with its terms) to an indemnified party in respect of any loss,
liability, cost, claim or damage referred to therein, then each indemnifying party shall, in lieu of indemnifying such indemnified party, contribute to the amount paid or payable by such indemnified party as a result of such loss, liability, cost,
claim or damage (i) as between ViSalus and the Selling Holders on the one hand and the underwriters on the other, in such proportion as shall be appropriate to reflect the relative benefits received by ViSalus and the Selling Holders on the one
hand and the underwriters on the other hand or, if such allocation is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits but also the relative fault of ViSalus and the Selling Holders on
the one hand and the underwriters on the other with respect to the statements or omissions which resulted in such loss, liability, cost, claim or damage as well as any other relevant equitable considerations and (ii) as between ViSalus on the
one hand and each Selling Holder on the other, in such proportion as is appropriate to reflect the relative fault of ViSalus and of each Selling Holder in connection with such statements or omissions as well as any other relevant equitable
considerations. The relative benefits received by ViSalus and the Selling Holders on the one hand and the underwriters on the other shall be deemed to be in the same proportion as the total proceeds from the offering (net of underwriting discounts
and commissions but before deducting expenses) received by ViSalus and the Selling Holders bear to the total underwriting discounts and commissions received by the underwriters, in each case as set forth in the table on the cover page of the
prospectus. The relative fault of ViSalus and the Selling Holders on the one hand and of the underwriters on the other shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the
omission to state a material fact relates to information supplied by ViSalus and the Selling Holders or by the 

  
 14 

 
underwriters. The relative fault of ViSalus on the one hand and of each Selling Holder on the other shall be determined by reference to, among other things, whether the untrue or alleged untrue
statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by such party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent
such statement or omission, but not by reference to any indemnified party’s stock ownership in ViSalus. The amount paid or payable by an indemnified party as a result of the loss, cost, claim, damage or liability, or action in respect thereof,
referred to above in this paragraph (d) shall be deemed to include, for purposes of this paragraph (d), any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or
claim. ViSalus and the Selling Holders agree that it would not be just and equitable if contribution pursuant to this Section 2.09 were determined by pro rata allocation (even if the underwriters were treated as one entity for such
purpose) or by any other method of allocation which does not take account of the equitable considerations referred to in this paragraph. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities
Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. 
 (e)
Notwithstanding any other provision of this Section 2.09, the obligation to indemnify or contribute shall be several, and not joint, among the Selling Holders who furnished or failed to furnish the information in a registration statement
(or in any preliminary or final prospectus included therein or issuer free writing prospectus related thereto) or in any offering memorandum or other offering document relating to the offering and sale of Registrable Securities that resulted in any
loss, liability, claim or damages. The liability of each such Selling Holder shall be limited to such Selling Holder’s proportionate amount of the aggregate gross proceeds received by all such Selling Holders from the sale of such Registrable
Securities and shall not in any event exceed the gross proceeds received by such Selling Holder from such sale. 
 (f)
Indemnification and contribution similar to that specified in the preceding paragraphs of this Section 2.09 (with appropriate modifications) shall be given by ViSalus, the Selling Holders and any underwriters with respect to any required
registration or other qualification of securities under any state law or regulation or governmental authority. 
 (g) The
obligations of the parties under this Section 2.09 shall be in addition to any liability which any party may otherwise have to any other party. 
 Section 2.10 Rule 144 and Form S-3. ViSalus shall use its reasonable best efforts to ensure that the conditions to the availability of Rule 144 set forth in paragraph (c) thereof shall be
satisfied. Upon the request of any Holder of Registrable Securities, ViSalus will deliver to such Holder a written statement as to whether it has complied with such requirements. ViSalus further agrees to use its reasonable best efforts to cause all
conditions to the availability of Form S-3 (or any successor form) under the Securities Act for the filing of registration statements under this Agreement to be met as soon as reasonably practicable after the IPO Date. 

Section 2.11 Holdback Agreement. 
 (a) If so requested by the Underwriters’ Representative in connection with an offering of securities covered by a registration statement filed by ViSalus, whether or not

  
 15 

 
Registrable Securities of the Holders are included therein, each Holder shall agree not to effect any sale or distribution of the Shares, including any sale under Rule 144, without the prior
written consent of the Underwriters’ Representative (otherwise than through the registered public offering then being made), within seven (7) days prior to or ninety (90) days (or such lesser period as the Underwriters’
Representative may permit) after the Effective Date of the registration statement (or the commencement of the offering to the public of such Registrable Securities in the case of Rule 415 Offerings). The Holders shall not be subject to the
restrictions set forth in this Section 2.11 for longer than an aggregate of ninety-seven (97) days during any 12-month period. 
 (b) If so requested by the Underwriters’ Representative in connection with an offering of any Registrable Securities, ViSalus shall agree not to effect any sale or distribution of ViSalus Capital
Stock, without the prior written consent of the Underwriters’ Representative (otherwise than through the registered public offering then being made or in connection with any acquisition or business combination transaction and other than in
connection with stock options and employee benefit plans and compensation), within seven (7) days prior to or ninety (90) days (or such lesser period as the Underwriters’ Representative may permit) after the Effective Date of the
registration statement (or the commencement of the offering to the public of such Registrable Securities in the case of Rule 415 Offerings) and shall use its reasonable best efforts to obtain and enforce similar agreements from any other Persons if
requested by the Underwriters’ Representative; provided that ViSalus or such Persons shall not be subject to the restrictions set forth in this Section 2.11 for longer than an aggregate of ninety-seven (97) days during any
twelve (12) month period. 
 (c) Notwithstanding anything else in this Section 2.11 to the contrary, no Holder
shall be precluded from distributing to any or all of its stockholders any or all of the Registrable Securities. 
 Section 2.12
Term. This Agreement shall remain in effect for so long as any Holder holds Registrable Securities. 
 ARTICE III

 MISCELLANEOUS 
 Section 3.01 Successors and Assigns. The rights under this Agreement may be assigned (but only with all related obligations) by a Holder to a transferee of Registrable Securities that (i) is
an Affiliate of a Holder; (ii) is a Holder’s Immediate Family Member or trust for the benefit of an individual Holder or one or more of such Holder’s Immediate Family Members; or (iii) after such transfer, holds at least
[    ]% of the Registrable Securities then outstanding (subject to appropriate adjustment for stock splits, stock dividends, combinations, and other recapitalizations); provided, that (x) ViSalus is, within a
reasonable time after such transfer, furnished with written notice of the name and address of such transferee and the Registrable Securities with respect to which such rights are being transferred; and (y) such transferee agrees in a written
instrument delivered to ViSalus to be bound by and subject to the terms and conditions of this Agreement. For the purposes of determining the number of shares of Registrable Securities held by a transferee, the holdings of a transferee (1) that
is an Affiliate or stockholder of a Holder; (2) who is a Holder’s Immediate Family Member; or (3) that is a trust 

  
 16 

 
for the benefit of an individual Holder or such Holder’s Immediate Family Member shall be aggregated together with those of the transferring Holder. The terms and conditions of this
Agreement inure to the benefit of and are binding upon the respective successors and permitted assignees of the parties. Nothing in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their
respective successors and permitted assignees any rights, remedies, obligations or liabilities under or by reason of this Agreement, except as expressly provided herein. 
 Section 3.02 Other Agreements. In the event there is any inconsistency between the provisions of this Agreement and the respective provisions of the Transaction Agreement, the provisions of this
Agreement shall govern. 
 Section 3.03 Entire Agreement. This Agreement and any other writing signed by the Parties that
specifically references or is specifically related to this Agreement constitute the entire agreement among the Parties with respect to the subject matter hereof and supersede all prior agreements, understandings and negotiations, both written and
oral, between the Parties with respect to the subject matter hereof. 
 Section 3.04 Notices. Any notice, instruction,
direction or demand under the terms of this Agreement required to be in writing shall be duly given upon delivery, if delivered by hand, facsimile transmission, or mail (with postage prepaid), to the following addresses: 

 

	 	(a)	If to Blyth, to: 

  

	 	    	Blyth, Inc. 

	 	    	One East Weaver St. 

	 	    	Greenwich, CT 06831 

  

	 	    	Attention: Office of the General Counsel 

	 	    	Facsimile: (203) 552-9168 

  

	 	(b)	If to ViSalus, to: 

  

	 	    	ViSalus, Inc. 

	 	    	[340 East Big Beaver Road, Suite 400] 

	 	    	Troy, MI 48083 

  

	 	    	Attention: [                    ] 

	 	    	Fax: [                ] 

or to such other addresses or telecopy numbers as may be specified by like notice to the other Party. 

Section 3.05 Governing Law. This Agreement, including the validity hereof and the rights and obligations of the Parties hereunder,
shall be construed in accordance with and shall be governed by the laws of The State of Connecticut applicable to contracts made and to be performed entirely in such State (without giving effect to the conflicts of laws provisions thereof).

  
 17 

 Section 3.06 Severability. If any terms or other provision of this Agreement or the
Schedules or exhibits hereto shall be determined by a court, administrative agency or arbitrator to be invalid, illegal or unenforceable, such invalidity or unenforceability shall not render the entire Agreement invalid. Rather, this Agreement shall
be construed as if not containing the particular invalid, illegal or unenforceable provision, and all other provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the
transactions contemplated hereby is not affected in any manner materially adverse to either Party. Upon such determination that any term or other provision is invalid, illegal or unenforceable, the Parties shall negotiate in good faith to modify
this Agreement so as to effect the original intent of the Parties as closely as possible in an acceptable manner to the end that the transactions contemplated hereby are fulfilled to the fullest extent permitted under applicable law. 

Section 3.07 Amendment. This Agreement may only be amended by a written agreement executed by Blyth, ViSalus and, if and to the
extent that any Registrable Securities have been transferred as permitted by Section 3.01 and continue to be Registrable Securities at the time of such amendment, the holders of at least
[            ]% of such transferred Registrable Securities. 

Section 3.08 Counterparts. This Agreement may be executed in separate counterparts, each of which shall be deemed an original and
all of which, when taken together, shall constitute one and the same agreement. 
 Section 3.09 Authority. Each of the
Parties represents to the other Party that (a) it has the corporate or other requisite power and authority to execute, deliver and perform this Agreement, (b) the execution, delivery and performance of this Agreement by it have been duly
authorized by all necessary corporate or other actions, (c) it has duly and validly executed and delivered this Agreement, and (d) this Agreement is its legal, valid and binding obligation, enforceable against it in accordance with its
terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally and general equity principles. 
 Section 3.10 Failure or Indulgence not Waiver; Remedies Cumulative. No failure or delay on the part of either Party hereto in the exercise of any right hereunder shall impair such right or be
construed to be a waiver of, or acquiescence in, any breach of any representation, warranty or agreement herein, nor shall any single or partial exercise of any such right preclude other or further exercise thereof or of any other right. All rights
and remedies existing under this Agreement are cumulative to, and not exclusive of, any rights or remedies otherwise available. 

Section 3.11 Interpretation. The headings contained in this Agreement are for reference purposes only and shall not affect in any
way the meaning or interpretation of this Agreement. 

  
 18 

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed by their
duly authorized representatives as of the date first set forth above. 
  

			
	 BLYTH, INC.

		
	 By:
	 	  

		 	Name:
		 	Title:
	
	 VISALUS, INC.

		
	 By:
	 	  

		 	Name
		 	Title:Form of Employment Agreement between ViSalus, Inc. and Ryan Blair

 Exhibit 10.6 
 VISALUS, INC. 
 FORM OF EMPLOYMENT AGREEMENT 

This EMPLOYMENT AGREEMENT (“Agreement”) is entered into as of this      day of
                , 2012, by and between ViSalus, Inc., a Nevada corporation (the “Company”), and Ryan Blair, an individual (the
“Executive”). 
 WHEREAS, the Executive is currently employed as the Chief Executive Officer of the Visalus
Holdings, LLC, the parent of the Company (the “Holding Company”); and 
 WHEREAS, the Company and the Holding Company
intend to enter into or effect certain transactions as a result of which the Holding Company will become a wholly-owned subsidiary of the Company and the Company will endeavor to make an initial public offering of its capital stock (the
“IPO”); 
 WHEREAS, the Company and the Executive desire to enter into this Agreement to set out the terms and
conditions for the employment relationship of the Executive with the Company following the consummation of the IPO. 
 NOW,
THEREFORE, in consideration of the mutual covenants and agreements set forth herein and for other good and valuable consideration, the receipt and sufficiency of which hereby are acknowledged, the parties hereto agree, effective as of the Effective
Date, as follows: 
 1. Employment Agreement. On the terms and conditions set forth in this Agreement, the Company agrees
to employ the Executive and the Executive agrees to be employed by the Company for the Employment Period set forth in Section 2 and in the positions and with the duties set forth in Section 3. Terms used herein with initial
capitalization not otherwise defined are defined in Section 26. 
 2. Term. The initial term of employment
under this Agreement shall be for a five-year period commencing on the Effective Date (the “Initial Term”). The term of employment shall be automatically extended for an additional consecutive 12-month period (the “Extended
Term”) on the fourth annual anniversary of the Effective Date and each subsequent annual anniversary thereof, unless and until the Company or Executive provides written notice to the other party in accordance with Section 14
hereof not less than 90 days before such anniversary date that such party is electing not to extend the term of employment under this Agreement (“Non-Renewal”), in which case the term of employment hereunder shall end as of the
end of such Initial Term or Extended Term, as the case may be, unless sooner terminated as set forth in Section 8 hereof. Such Initial Term and all such Extended Terms are collectively referred to herein as the “Employment
Period.” Anything herein to the contrary notwithstanding, if on the date of a Change in Control the remaining term of the Employment Period is less than 24 months, the Employment Period shall be automatically extended to the end of the
24-month period following such Change in Control. 

 3. Position and Duties. During the Employment Period, the Executive shall serve as
the Chief Executive Officer of the Company. In such capacity, the Executive shall report exclusively to the Company’s board of directors (the “Board”) and shall have the duties, responsibilities and authorities customarily associated
with such position in a company the size and nature of the Company. In addition, as of the Effective Date, the Executive shall be appointed as a member of the Board. Thereafter, at each annual meeting of the Company’s stockholders during the
Employment Period, at which the Executive’s term as a member of the Board would otherwise expire, the Company will nominate Executive for election to the Board. 
 The Executive shall devote substantially all of the Executive’s business time to the performance of the Executive’s duties hereunder and the advancement of the business and affairs of the
Company; provided that the Executive shall be entitled to serve as a member of the board of directors of a reasonable number of other companies, to serve on civic, charitable, educational, religious, public interest or public service
boards, and to manage the Executive’s personal and family investments, in each case, to the extent such activities do not materially interfere with the performance of the Executive’s duties and responsibilities hereunder. 

4. Place of Performance. During the Employment Period, the Executive shall be based primarily in Troy, Michigan, except for
reasonable travel on Company business consistent with the Executive’s position. Notwithstanding the foregoing, the Executive agrees to relocate to the Los Angeles metropolitan area or the New York City metropolitan area upon the request of the
Company. 
 5. Compensation and Benefits; Options; Change in Control. 

(a) Base Salary. During the Employment Period, the Company shall pay to the Executive a base salary (the “Base
Salary”) at the rate of no less than $750,000 per calendar year, less applicable withholdings, and prorated for any partial year. The Base Salary shall be reviewed for increase by the Board no less frequently than annually and may be
increased in the discretion of the Board. Any such adjusted Base Salary shall constitute the “Base Salary” for purposes of this Agreement. The Base Salary shall be paid in substantially equal installments in accordance with the
Company’s regular payroll procedures. The Executive’s Base Salary may not be decreased without Executive’s consent during the Employment Period. 
 (b) Annual Bonus. For each calendar year ending during the Employment Period, the Executive shall be paid an annual cash performance bonus (an “Annual Bonus”), to the extent earned
based on performance against objective, reasonably attainable performance criteria. The performance criteria for any particular calendar year shall be determined in good faith by the Compensation Committee of the Board (the “Compensation
Committee”), after consultation with the Executive, no later than sixty (60) days after the commencement of the relevant bonus period. The Executive’s annual bonus opportunity for a calendar year shall equal 150% of the
Executive’s Base Salary (the “Target Bonus”) for that year if target levels of performance for that year are achieved, with a maximum annual bonus of up to 200% of the Executive’s Base Salary if target levels of
performance for that year are exceeded. The Annual Bonus shall be adjusted in accordance with the Company’s annual bonus plan applicable to 

  
 2 

 
senior executives generally to the extent that the applicable target performance criteria are not achieved or are exceeded. The Executive’s Annual Bonus for a bonus period shall be
determined by the Compensation Committee in accordance with this Section 5(b) after the end of the applicable bonus period and shall be paid to the Executive when annual bonuses for that year are paid to other senior executives of the
Company generally, but in no event later than March 15 of the year following the year to which such Annual Bonus relates. In carrying out its functions under this Section 5(b), the Compensation Committee shall at all times act
reasonably and in good faith. 
 (c) Equity. On or as of the Effective Date, the Company shall grant the Executive equity
awards pursuant to the award agreements substantially in the form attached hereto as Exhibit A. 
 (d) Vacation;
Benefits. During the Employment Period, the Executive shall be entitled to 5 weeks vacation per year, prorated for partial years. The Executive may use Company aircraft (including any Company-leased aircraft) for business and personal use. In
addition, the Company shall provide to the Executive employee benefits and perquisites on a basis that is no less favorable in the aggregate than those provided to any other senior executive of the Company and no less favorable in the aggregate than
those provided to the Executive by the Holding Company prior to the Effective Date. 
 6. Expenses. The Executive is
expected, and is authorized, to incur reasonable expenses in the performance of his duties hereunder. The Company shall reimburse the Executive for all such expenses reasonably and actually incurred by the Executive during the Employment Period in
accordance with policies which may be adopted from time to time by the Company promptly upon periodic presentation by the Executive of an itemized account, including reasonable substantiation, of such expenses. The parties acknowledge and agree that
the Executive’s personal life is directly related and important to the success of the business. Accordingly, unless otherwise agreed by the parties, expenses shall be considered to be business expenses unless they have no business relation
or application. To the extent a reimbursed expense is later deemed an expense incurred solely in connection with personal matters unrelated to the Company’s business (as determined by the Board in good faith), the Executive shall reimburse the
Company for such expense within 30 days of the Board’s determination. 
 7. Restrictive Covenants. The Company and
the Executive acknowledge and agree that during the Executive’s employment with the Company, the Executive will have access to and may assist in developing Confidential Information and will occupy a position of trust and confidence with respect
to the Company’s affairs and business and the affairs and business of the Company Affiliates. The Executive agrees that the following obligations are necessary to preserve the confidential and proprietary nature of Confidential Information and
to protect the Company and the Company Affiliates against harmful solicitation of employees and certain third parties, harmful competition and other actions by the Executive that would result in serious adverse consequences for the Company and the
Company Affiliates: 

  
 3 

 (a) Non-Disclosure. During and after the Executive’s employment with the
Company, the Executive will not knowingly, directly or indirectly, use, disclose or transfer any Confidential Information other than as authorized in writing by the Company or within the scope of the Executive’s duties with the Company as
determined reasonably and in good faith by the Executive. Anything herein to the contrary notwithstanding, the provisions of this Section 7(a) shall not apply (i) when disclosure is required by law or by any court, arbitrator, mediator or
administrative or legislative body (including any committee thereof) with actual or apparent jurisdiction to order the Executive to disclose or make accessible any information; provided, however, that such disclosure shall be limited to the
extent so required; and provided, further, that the Executive shall give the Company prompt notice of such required disclosure and cooperate with the Company, at the Company’s expense, in seeking suitable protection; (ii) when such
disclosure is reasonably required in order for the Executive to prosecute or defend any litigation, arbitration or mediation involving this Agreement or other agreements with the Company or any Company Affiliate, including, but not limited to, the
enforcement of this Agreement or such other agreement; (iii) as to information that becomes generally known to the public or within the relevant trade or industry other than due to the Executive’s direct or indirect violation of this
Section 7(a); (iv) as to information that is or becomes available to the Executive on a non-confidential basis from a source (other than the Company or any Company Affiliate) which is entitled to disclose it to the Executive; or
(v) as to information that the Executive possessed prior to the commencement of employment with the Company. 
 (b)
Materials. The Executive will not, directly or indirectly, remove any Confidential Information or any other property of the Company or any Company Affiliate from the Company’s premises or make copies of such materials except for normal
and customary use in the Company’s business as determined reasonably and in good faith by the Executive. The Company acknowledges that the Executive, in the ordinary course of the Executive’s duties, routinely uses and stores Confidential
Information at home and other locations; however, the Executive agrees to take such actions, at the Company’s expense, as may be reasonably required by the Company in order to preserve the security of such Confidential Information as is stored
at his home or at such other locations. The Executive will return to the Company all Confidential Information and copies thereof and all other property of the Company or any Company Affiliate and he shall, subject to the other terms of this
Agreement, delete any and all copies of electronic Confidential Information from any personal computer used by him and from any PDA, smartphone or other electronic data and/or storage device used by him, in each case, at any time upon the request of
the Company and in any event promptly after termination of Executive’s employment. The Executive agrees to attempt in good faith to identify and return to the Company any copies of any Confidential Information after the Executive ceases to be
employed by the Company. Anything to the contrary notwithstanding, nothing in this Section 7 shall prevent the Executive from retaining a home computer, papers and other materials of a personal nature, including diaries, calendars and
contact lists, information relating to his compensation or relating to reimbursement of expenses, information that he reasonably believes may be needed for tax purposes, and copies of plans, programs and agreements relating to his employment.

  
 4 

 (c) No Solicitation or Hiring of Employees or Solicitation of Certain Third Parties.

 (i) During the Non-Compete Period, the Executive shall not, directly or indirectly, solicit, entice, persuade
or induce any individual who is employed by the Company or any Company Affiliate to terminate or refrain from continuing such employment or to become employed by or enter into contractual relations with any other individual or entity other than the
Company or any Company Affiliate, and the Executive shall not hire, directly or indirectly, as an employee, consultant or otherwise, any employee or any person who was employed by the Company or any Company Affiliate during the prior six (6)-month
period, or interfere with the relationship between the Company or any Company Affiliate and any employee thereof. Anything to the contrary notwithstanding, the Company agrees that (i) the Executive’s responding to an unsolicited request
from any former employee of the Company for advice on employment matters; and (ii) the Executive’s responding to an unsolicited request for an employment reference regarding any former employee of the Company from such former employee, or
from a third party, by providing a reference setting forth his personal views about such former employee, shall not be deemed a violation of this Section 7(c); provided that neither the Executive nor any employer of the Executive hires
or otherwise engages such former employee to perform services. 
 (ii) During the Non-Compete Period, the
Executive shall not, directly or indirectly, solicit, induce or attempt to solicit or induce any Customer, supplier, licensee or contractor of the Company or any Company Affiliate to cease or reduce doing business with the Company or such Company
Affiliate, or in any way interfere or attempt to interfere with the relationship between any such Customer, supplier, licensee or, contractor, on the one hand, and the Company or any such Company Affiliate, on the other hand; provided, however, that
nothing contained in this Section 9(c)(ii) shall be deemed to prohibit the Executive from soliciting any Customer, supplier, licensee or contractor to the extent such solicitation does not arise out or relate to an activity that is prohibited
by Section 9(d). 
 (d) Non-Competition. 

(i) During the Non-Compete Period, the Executive shall not, directly or indirectly (A) manage, control, participate
in, consult with, render services for (whether as an employee, consultant, advisor or otherwise), or in any manner engage in or represent any business competing with the Company or any direct or indirect subsidiary of the Company at the time of the
Executive’s termination of employment (or any new business that has been approved by the Board at such time), or (B) own an interest in any entity described in Section 7(d)(i)(A); provided, however, that Executive
may own, as a passive investor, securities of any such entity that has outstanding publicly traded securities so long as the Executive’s direct holdings in any such entity shall not in the aggregate constitute more than two percent (2%) of
the voting power of such entity. The Executive acknowledges that this covenant has a unique, very substantial and immeasurable 

  
 5 

 
value to the Company, that the Executive has sufficient assets and skills to provide a livelihood for the Executive while such covenant remains in force and that, as a result of the foregoing, in
the event that the Executive breaches such covenant, monetary damages would be an insufficient remedy for the Company and equitable enforcement of the covenant would be proper. 

(ii) If the restrictions contained in this Section 7 shall be determined by any court of competent
jurisdiction to be unenforceable by reason of their extending for too great a period of time or over too great a geographical area or by reason of their being too extensive in any other respect, this Section 7 shall be modified to be
effective for the maximum period of time for which it may be enforceable and over the maximum geographical area as to which it may be enforceable and to the maximum extent in all other respects as to which it may be enforceable. 

(e) Publicity. During the Employment Period, the Executive will grant to the Company the right to use, in a reasonable and
appropriate manner, the Executive’s name and likeness, as set forth on Appendix I attached hereto. 
 (f)
Enforcement. The Executive acknowledges that in the event of any breach of this Section 7, the business interests of the Company and the Company Affiliates will be irreparably injured, the full extent of the damages to the Company
and the Company Affiliates will be impossible to ascertain, monetary damages will not be an adequate remedy for the Company and the Company Affiliates, and the Company will be entitled to enforce this Agreement by a temporary, preliminary and/or
permanent injunction or other equitable relief, without the necessity of posting bond or security, which the Executive expressly waives. The Executive understands that the Company may waive some of the requirements expressed in this Agreement, but
that such a waiver to be effective must be made in writing and should not in any way be deemed a waiver of the Company’s right to enforce any other requirements or provisions of this Agreement. 

8. Termination of Employment. 
 (a) Permitted Terminations. The Employment Period and the Executive’s employment hereunder may be terminated under the following circumstances: 

(i) Death. The Executive’s employment hereunder shall terminate automatically upon the Executive’s
death. 
 (ii) By the Company. 
 (A) Disability. The Company may terminate the Executive’s employment if the Executive shall have been substantially unable to perform the Executive’s material duties hereunder by reason
of illness, physical or mental disability or other similar incapacity, which inability shall continue for 120 consecutive days or 180 days in any twelve 

  
 6 

 
(12)-month period (a “Disability”) (provided, that until such termination, the Executive shall continue to receive the Executive’s compensation and benefits hereunder,
reduced by any benefits payable to the Executive under any applicable disability insurance policy or plan); or 
 (B) With
Cause or Without Cause. The Company may terminate the Executive’s employment with Cause or without Cause. 
 (iii) By the Executive. The Executive may resign for any reason (including Good Reason) or for no reason. 
 (iv) Expiration of the Term. Expiration of the Employment Period due to the Company or the Executive’s Non-Renewal. 
 (b) Termination. Any Non-Renewal shall be communicated pursuant to Section 2. Any termination of the Executive’s employment by the Company or resignation by the Executive (other
than because of the Executive’s death) shall be communicated by written Notice of Termination to the other party hereto in accordance with Section 13 hereof. For purposes of this Agreement, a “Notice of Termination”
shall mean a notice which shall indicate the specific termination provision in this Agreement relied upon, if any, and sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive’s
employment under the provision so indicated. Termination of the Executive’s employment shall take effect on the Date of Termination. This Section shall be interpreted and applied so as to comply with the provisions of the Americans with
Disabilities Act and any applicable state or local laws. 
 (c) Upon the termination of Executive’s employment for any
reason, unless otherwise requested by the Board, Executive will be deemed to have resigned from any executive positions held at the Company and the Company Affiliates (but shall not be deemed to have resigned from the Board) voluntarily, without any
further required action by Executive, as of the date of such termination and Executive, at the Board’s request, will execute any documents necessary or appropriate to give effect to or confirm such resignation(s). 

9. Compensation Upon Termination. 
 (a) Termination by the Company for Cause, Termination by the Executive without Good Reason or Non-Renewal by the Executive. If, during the Employment Period, the Company terminates the
Executive’s employment for Cause, the Executive resigns without Good Reason or upon the Executive’s Non-Renewal, the Company shall pay to the Executive the Accrued Benefits. Except as set forth herein, the Company shall have no further
obligations to the Executive under this Agreement. 
 (b) Termination by the Company without Cause, Resignation by the
Executive for Good Reason or Non-Renewal by the Company. Subject to Section 9(c), if the Executive’s employment is terminated during the Employment Period by the Company for a reason other than Cause or Disability, if the
Executive resigns for Good Reason or upon the 

  
 7 

 
Company’s Non-Renewal (collectively, a “Qualifying Termination”), then in addition to the Company paying the Executive the Accrued Benefits the Company shall pay the
Executive (i) a pro rata portion (based on the number of days during the applicable fiscal period prior to the Date of Termination) of the Annual Bonus the Executive would have earned absent such termination, with such payment to be made at the
time it would have been made absent such termination in accordance with Section 5(b) (the “Pro-Rata Bonus”), (ii) a cash lump sum in an amount equal to the product of (A) the sum of the Executive’s Base
Salary and the Target Bonus, multiplied by (B) the Severance Multiple (the “Cash Severance”); and (iii) during the period Executive elects continued welfare coverage pursuant to COBRA, a monthly payment, in cash, equal to
150% of the monthly premiums for continued health care and dental coverage pursuant to COBRA for up to 18 months following the Date of Termination (the “Monthly Payments”). Additionally, all of the Executive’s equity awards
shall vest in full and become free of restrictions; provided that any awards (other than stock options and SARs) that are intended to meet the performance-based exception under Section 162(m) of the Code will be treated in
accordance with the terms of the applicable award agreement; and provided further that any stock options and SARs shall remain exercisable for the lesser of three years from the Date of Termination and the remainder of their
original full terms (collectively, the “Equity Benefits”). 
 (c) As a condition to the Company providing the
Executive with Pro-Rata Bonus, Cash Severance, Monthly Payments and Equity Benefits (collectively, the “Severance Benefits”), the Executive must execute and deliver a release of claims substantially in the form attached hereto as
Exhibit B (the “Release”) and such Release must become irrevocable within 60 days of the Date of Termination (the “Release Requirement”); it being understood that the Release shall be delivered to the
Executive for execution within 5 business days of the Date of Termination. The Monthly Payments shall commence promptly after the Release becomes irrevocable; provided that to the extent required by Section 409A of the Code, such
payments shall commence, as applicable, on the 60th day following the Date of Termination with the first payment including all Severance Benefits that, absent the Release Requirement, would have been paid before such payment date. 

(d) Termination due to the Executive’s Death or Termination by the Company due to the Executive’s Disability. If the
Executive’s employment is terminated during the Employment Period due to the Executive’s death or termination by the Company due to the Executive’s Disability, then the Executive shall be entitled to the Accrued Obligations, Pro-Rata
Bonus and Equity Benefits. 
 (e) No Offset. In the event of termination of his employment, the Executive shall be
under no obligation to seek other employment and there shall be no offset against amounts due to him on account of any remuneration or benefits provided by any subsequent employment he may obtain. The Company’s obligation to make any payment
pursuant to, and otherwise to perform its obligations under, this Agreement shall not be affected by any offset, counterclaim or other right that the Company or its affiliates may have against him for any reason. 

  
 8 

 10. Certain Additional Payments by the Company. 

(a) If it is determined that any benefit provided to the Executive or payment or distribution by or for the account of the Company to or
for the benefit of the Executive, whether provided, paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise (each such benefit, payment, or distribution, excluding the Gross-Up Payments, a
“Payment”) would be subject to the excise tax imposed by Section 4999 of the Code, or any interest or penalties are incurred by the Executive with respect to such excise tax resulting from any action or inaction by the Company
(such excise tax, together with any such interest and penalties, collectively, the “Excise Tax”), then the Executive shall be entitled to receive an additional payment (a “Gross-Up Payment”) in an amount such that
after payment by the Executive of the Excise Tax and all other income, employment, excise and other taxes that are imposed on the Gross-Up Payment, the Executive retains an amount of the Gross-Up Payment equal to the sum of (i) the Excise Tax
imposed upon the Payments and (ii) the product of any deductions disallowed because of the inclusion of the Gross-up Payment in the Executive’s adjusted gross income and the highest applicable marginal rate of federal income taxation for
the calendar year in which the Gross-Up Payment is to be made. Notwithstanding the foregoing, (i) if the total “parachute payments” (within the meaning of Section 280G(b)(2) of the Code) do not exceed 110% of the so-called safe
harbor amount (i.e., three times the “base amount,” as defined in Section 280G(b)(3) of the Code), as determined pursuant to Section 280G of the Code, the Payments will be cut back so that no Excise Tax is imposed and
(ii) this Section 10 shall not apply in the case of a change of control or effective control (as defined for purposes of Section 280G of the Code) that is the result of an accretion in the percentage of the total voting power
held by a Substantial Stockholder (or more than one Substantial Stockholder acting as a group) that occurs by reason of the automatic (or compelled) conversion (or exchange) of Class B Common Stock of the Company into (or for) Class A Common
Stock. In order to comply with Section 409A of the Code, the payment reduction contemplated in clause (i) of the preceding sentence shall be implemented by determining the Parachute Payment Ratio for each Payment and then reducing the
Payments in order beginning with the Payment with the highest Parachute Payment Ratio. For Payments with the same Parachute Payment Ratio, such Payments shall be reduced based on reverse chronological order of payment. For Payments with the same
Parachute Payment Ratio and the same time of payment, such Payments shall be reduced on a pro rata basis (but not below zero) prior to reducing Payments with a lower Parachute Payment Ratio. 

(b) Subject to the provisions of Section 10(c), all determinations required to be made under this Section 10,
including whether and when a Gross-Up Payment is required and the amount of such Gross-Up Payment and the assumptions to be used in arriving at such determination, shall be made by the Company’s independent, certified public accounting firm or
such other nationally recognized accounting firm as may be designated by the Executive which is reasonably acceptable to the Company (the “Accounting Firm”) which shall provide detailed supporting calculations both to the Company
and the Executive within 15 business days of the receipt of notice from the Executive that there has been a Payment, or such earlier time as is requested by the Company. If the Accounting Firm is serving as accountant or auditor for the
individual, entity or group effecting a change in the ownership or effective control (as defined for 

  
 9 

 
purposes of Section 280G of the Code) of the Company, the Executive shall appoint another nationally recognized accounting firm which is reasonably acceptable to the Company to make the
determinations required hereunder (which accounting firm shall then be referred to as the Accounting Firm hereunder). All fees and expenses of the Accounting Firm shall be borne solely by the Company. Any Gross-Up Payment, as determined pursuant to
this Section 10, shall be paid by the Company to the Executive within five days of the receipt of the Accounting Firm’s determination, but in any event no later than 30 days after the end of the year in which the Executive pays any
tax imposed pursuant to Section 4999 of the Code. Any determination by the Accounting Firm shall be binding upon the Company and the Executive. As a result of the uncertainty in the application of Section 4999 of the Code at the time of
the initial determination by the Accounting Firm hereunder, it is possible that additional Gross-Up Payments shall be required to be made to compensate the Executive for amounts of Excise Tax later determined to be due, consistent with the
calculations required to be made hereunder (an “Underpayment”). If the Company exhausts its remedies pursuant to Section 10(c) and the Executive is required to make a payment of any Excise Tax, the Accounting Firm shall
determine the amount of the Underpayment that has occurred and any such Underpayment shall be promptly paid by the Company to or for the benefit of the Executive. 
 (c) The Executive shall notify the Company in writing of any claim by the Internal Revenue Service that, if successful, would require the payment by the Company of the Gross-Up Payment. Such notification
shall be given as soon as practicable but no later than 10 business days after the Executive is informed in writing of such claim and shall apprise the Company of the nature of such claim and the date on which such claim is requested to be
paid. The Executive shall not pay such claim prior to the expiration of the 30-day period following the date on which it gives such notice to the Company (or such shorter period ending on the date that any payment of taxes with respect to such claim
is due). If the Company notifies the Executive in writing prior to the expiration of such period that they desire to contest such claim, the Executive shall: 
 (i) give the Company any information reasonably requested by the Company relating to such claim; 
 (ii) take such action in connection with contesting such claim as the Company shall reasonably request in writing from time to time, including, without limitation, accepting legal representation with
respect to such claim by an attorney reasonably selected by the Company; 
 (iii) cooperate with the Company in good faith
effectively to contest such claim; and 
 (iv) permit the Company to participate in any proceedings relating to such claim;
provided, however, that the Company shall bear and pay directly all costs and expenses (including additional interest and penalties incurred in connection with such contest) and shall indemnify and hold the Executive harmless, on an
after-tax basis, for any Excise Tax or 

  
 10 

 
income tax (including interest and penalties with respect thereto) imposed as a result of such representation and payment of costs and expenses. 

11. [Indemnification. During the Employment Period and thereafter, the Company agrees to indemnify and hold the Executive and the
Executive’s heirs and representatives harmless, to the maximum extent permitted by law, against any and all damages, costs, liabilities, losses and expenses (including reasonable attorneys’ fees) as a result of any claim or proceeding
(whether civil, criminal, administrative or investigative), or any threatened claim or proceeding (whether civil, criminal, administrative or investigative), against the Executive that arises out of or relates to the Executive’s service as an
officer, director or employee, as the case may be, of the Company, or the Executive’s service in any such capacity or similar capacity with an affiliate of the Company or other entity at the request of the Company, both prior to and after the
Effective Date, and to promptly advance to the Executive or the Executive’s heirs or representatives such expenses upon written request with appropriate documentation of such expense upon receipt of an undertaking by the Executive or on the
Executive’s behalf to repay such amount if it shall ultimately be determined that the Executive is not entitled to be indemnified by the Company. During the Employment Period and thereafter, the Company also shall provide the Executive with
coverage under its current directors’ and officers’ liability policy to the same extent that it provides such coverage to its other executive officers. If the Executive has any knowledge of any actual or threatened action, suit or
proceeding, whether civil, criminal, administrative or investigative, as to which the Executive may request indemnity under this provision, the Executive will give the Company prompt written notice thereof; provided that the failure to give such
notice shall not affect the Executive’s right to indemnification. The Company shall be entitled to assume the defense of any such proceeding and the Executive will use reasonable efforts to cooperate with such defense. To the extent that the
Executive in good faith determines that there is an actual or potential conflict of interest between the Company and the Executive in connection with the defense of a proceeding, the Executive shall so notify the Company and shall be entitled to
separate representation at the Company’s expense by counsel selected by the Executive (provided that the Company may reasonably object to the selection of counsel within ten (10) business days after notification thereof) which counsel
shall cooperate, and coordinate the defense, with the Company’s counsel and minimize the expense of such separate representation to the extent consistent with the Executive’s separate defense. This Section 11 shall continue in
effect after the termination of the Executive’s employment or the termination of the Employment
Period.]1 

12. Attorney’s Fees. The Company shall advance the Executive (and his beneficiaries) for any and all reasonable costs and
expenses (including without limitation attorneys’ fees and other charges of counsel) incurred by the Executive (or any of his beneficiaries) in resolving any controversy, dispute or claim arising out of or relating to this Agreement, any other
agreement or arrangement between the Executive and the Company or any Company Affiliate arising out of or relating to his employment with the Company or any Company Affiliate, the Executive’s employment with the Company, or the termination
thereof; 
  
  

	1 	 This provision will be revisited once the certificate of incorporation is finalized.

  
 11 

 
provided that the Executive shall reimburse the Company any advances on a net after tax basis to cover expenses incurred by the Executive for claims brought by the Executive in the
event the Executive does not prevail on any material issue in such controversy, dispute or claim. Pending the resolution of any such claim, the Executive (and his beneficiaries) shall continue to receive all payments and benefits described in
Section 5 of this Agreement. This Section 12 shall continue in effect after the termination of the Executive’s employment or the termination of this Agreement. Nothing contained in this Section 12 shall be deemed to limit the
obligation of the Company to advance expenses (including reasonable attorneys’ fees) to the Executive (or his beneficiaries) as and when required by Section 11. 
 13. Notices. All notices, demands, requests, or other communications which may be or are required to be given or made by any party to any other party pursuant to this Agreement shall be in writing
and shall be hand delivered, mailed by first-class registered or certified mail, return receipt requested, postage prepaid, delivered by overnight air courier, or transmitted by facsimile transmission addressed as follows: 

 

	 	(i)	If to the Company: 

 ViSalus,
Inc. 
 340 E. Big Beaver Rd., Suite 400 
 Troy, Michigan 48083 
 Attention: General Counsel 

With a copy (which shall not constitute notice) to: 
 Finn Dixon & Herling LLP 
 177 Broad Street 

Stamford, Connecticut 06901 
 Attention: Harold B. Finn III 
  

	 	(ii)	If to the Executive: 

 Ryan
Blair 
 Address last shown on the Company’s records 

With a copy (which shall not constitute notice) to: 
 Kirkland & Ellis LLP 
 601 Lexington Avenue 

New York, New York 10022 
 Attention: Scott Price 
 Each party may designate by notice in writing a new
address to which any notice, demand, request or communication may thereafter be so given, served or sent. Each notice, 

  
 12 

 
demand, request, or communication that shall be given or made in the manner described above shall be deemed sufficiently given or made for all purposes at such time as it is delivered to the
addressee (with the return receipt, the delivery receipt, confirmation of facsimile transmission or the affidavit of messenger being deemed conclusive but not exclusive evidence of such delivery) or at such time as delivery is refused by the
addressee upon presentation. 
 14. Severability. The invalidity or unenforceability of any one or more provisions of
this Agreement shall not affect the validity or enforceability of the other provisions of this Agreement, which shall remain in full force and effect. 
 15. Other Agreements. The provisions of this Agreement shall supersede the terms of any plan, policy, agreement, award or other arrangement of the Company (whether entered into before or after the
Effective Date) to the extent application of the terms of this Agreement is more favorable to the Executive. Additionally, no plans or arrangements referenced herein and no plans or arrangements of the Company shall impose more restrictive or
burdensome terms and obligations on the Executive as those provided for herein. 
 16. Survival. It is the express
intention and agreement of the parties hereto that the provisions of Sections 7, and 9 through 25 shall survive the termination of the Employment Period. In addition, all obligations of the Company to make payments hereunder shall
survive any termination of the Employment Period on the terms and conditions set forth herein. 
 17. Assignment. The
rights and obligations of the parties to this Agreement shall not be assignable or delegable, except that (i) in the event of the Executive’s death, the personal representative or legatees or distributees of the Executive’s estate, as
the case may be, shall have the right to receive any amount owing and unpaid to the Executive hereunder and (ii) the rights and obligations of the Company hereunder shall be assignable and delegable in connection with any subsequent merger,
consolidation, sale of all or substantially all of the assets or equity interests of the Company or similar transaction involving the Company or a successor corporation. The Company shall require any successor to the Company to expressly assume and
agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place (unless the Agreement is binding on the successor by operation of law). 

18. Binding Effect. Subject to any provisions hereof restricting assignment, this Agreement shall be binding upon the parties
hereto and shall inure to the benefit of the parties and their respective heirs, devisees, executors, administrators, legal representatives, successors and assigns. 
 19. Amendment; Waiver. This Agreement shall not be amended, altered or modified except by an instrument in writing duly executed by the party against whom enforcement is sought. Neither the waiver
by either of the parties hereto of a breach of or a default under any of the provisions of this Agreement, nor the failure of either of the parties, on one or more occasions, to enforce any of the provisions of this Agreement or to exercise any
right or privilege 

  
 13 

 
hereunder, shall thereafter be construed as a waiver of any subsequent breach or default of a similar nature, or as a waiver of any such provisions, rights or privileges hereunder. 

20. Headings. Section and subsection headings contained in this Agreement are inserted for convenience of reference only, shall
not be deemed to be a part of this Agreement for any purpose, and shall not in any way define or affect the meaning, construction or scope of any of the provisions hereof. 
 21. Governing Law. This Agreement, the rights and obligations of the parties hereto, and any claims or disputes relating thereto, shall be governed by and construed in accordance with the laws of
the State of Michigan (but not including any choice of law rule thereof that would cause the laws of another jurisdiction to apply); provided however, that the rights and obligations of the parties and any claims or disputes relating to the
equity awards granted pursuant to Section 5(c) or the Equity Benefits shall be governed by the laws of the State of Nevada (but not including any choice of law rule thereof that would cause the laws of another jurisdiction to apply).

 22. Entire Agreement. This Agreement constitutes the entire agreement between the parties respecting the employment of
the Executive, there being no representations, warranties or commitments except as set forth herein. 
 23. Counterparts.
This Agreement may be executed in two counterparts, each of which shall be an original and all of which shall be deemed to constitute one and the same instrument. 
 24. Withholding. The Company may deduct and withhold from the compensation payable to Executive hereunder any and all applicable federal, state, and local income and employment withholding taxes
and any other amounts required to be deducted or withheld by the Company under applicable statute or regulation. 
 25.
Section 409A. The intent of the parties is that payments and benefits under this Agreement comply with Section 409A of the Code and the regulations and guidance promulgated thereunder (collectively “Code
Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. If the Executive notifies the Company (with specificity as to the reason therefor) that the Executive
believes that any provision of this Agreement (or of any award of compensation, including equity compensation or benefits) would cause the Executive to incur any additional tax or interest under Code Section 409A and the Company concurs with
such belief or the Company (without any obligation whatsoever to do so) independently makes such determination, the Company shall, after consulting with the Executive, reform such provision to attempt to comply with Code Section 409A through
good faith modifications to the minimum extent reasonably appropriate to conform with Code Section 409A. To the extent that any provision hereof is modified in order to comply with Code Section 409A, such modification shall be made in good
faith and shall, to the maximum extent reasonably possible, maintain the original intent and economic benefit to the Executive and the Company of the applicable provision without 

  
 14 

 
violating the provisions of Code Section 409A. In no event whatsoever shall the Company be liable for any additional tax, interest or penalty that may be imposed on the Executive by Code
Section 409A or damages for failing to comply with Code Section 409A. With respect to any payment or benefit considered to be nonqualified deferred compensation under Section 409A, a termination of employment shall not be deemed to
have occurred for purposes of any provision of this Agreement providing for the payment of any amounts or benefits upon or following a termination of employment unless such termination is also a “separation from service” within the meaning
of Code Section 409A and, for purposes of any such provision of this Agreement, references to a “termination,” “termination of employment” or like terms shall mean “separation from service.” Notwithstanding
anything to the contrary in this Agreement, if the Executive is deemed on the date of termination to be a “specified employee” within the meaning of that term under Code Section 409A(a)(2)(B), then with regard to any payment or the
provision of any benefit that is considered nonqualified deferred compensation under Code Section 409A payable on account of a “separation from service,” such payment or benefit shall not be made or provided until the date which is
the earlier of (A) the expiration of the six (6)-month period measured from the date of such “separation from service” of the Executive, and (B) the date of the Executive’s death, to the extent required under Code
Section 409A. Upon the expiration of the foregoing delay period, all payments and benefits delayed pursuant to this Section 25 (whether they would have otherwise been payable in a single sum or in installments in the absence of such
delay) shall be paid or reimbursed to the Executive in a lump sum, and any remaining payments and benefits due under this Agreement shall be paid or provided in accordance with the normal payment dates specified for them herein. To the extent that
reimbursements or other in-kind benefits under this Agreement constitute “nonqualified deferred compensation” for purposes of Code Section 409A, (A) all expenses or other reimbursements hereunder shall be made on or prior to the
last day of the taxable year following the taxable year in which such expenses were incurred by the Executive, (B) any right to reimbursement or in-kind benefits shall not be subject to liquidation or exchange for another benefit, and
(C) no such reimbursement, expenses eligible for reimbursement, or in-kind benefits provided in any taxable year shall in any way affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other taxable year. For
purposes of Code Section 409A, the Executive’s right to receive any installment payments pursuant to this Agreement shall be treated as a right to receive a series of separate and distinct payments. Whenever a payment under this Agreement
specifies a payment period with reference to a number of days, the actual date of payment within the specified period shall be within the sole discretion of the Company. Notwithstanding any other provision of this Agreement to the contrary, in no
event shall any payment under this Agreement that constitutes “nonqualified deferred compensation” for purposes of Code Section 409A be subject to offset by any other amount unless otherwise permitted by Code Section 409A.

 26. Definitions. 
 “Accrued Benefits” means (i) Base Salary through the Date of Termination; (ii) accrued and unused vacation pay; (iii) any earned but unpaid Annual Bonus with respect to any
fiscal year ending prior to the Date of Termination; (iv) any amounts owing to the Executive for reimbursement of expenses properly incurred by the Executive prior to the Date of Termination and which are reimbursable in accordance with
Section 6; and (v) any other benefits or amounts 

  
 15 

 
due and owing to the Executive under the terms of any plan, program or arrangement of the Company. Amounts payable pursuant to the clauses (i) - (iii) shall be paid promptly after the Date of
Termination and all other amounts will be paid in accordance with the terms of the applicable plan, program or arrangement (as modified by this Agreement). 
 “Cause” shall be limited to the following events: (i) the willful and continued failure of the Executive to perform substantially the Executive’s duties to the Company after
being given at least 30 days notice and an opportunity to cure; (ii) the willful engaging by the Executive in illegal conduct or gross misconduct that is materially and demonstrably injurious to the Company; or (iii) the conviction of or
plea of guilty or nolo contendere to a charge of commission of a felony (other than a traffic violation). Anything herein to the contrary notwithstanding, the Executive shall not be terminated for “Cause” hereunder unless
(A) written notice stating the basis for the termination is provided to the Executive, (B) the Executive has an opportunity to be heard with counsel before the full Board prior to any vote regarding the existence of Cause, and
(C) there is a vote of a majority of the members of the Board to terminate the Executive for Cause. 
 “Change in
Control” shall have the meaning set forth in the Company’s 2012 Omnibus Incentive Plan. 
 “Code”
shall mean the Internal Revenue Code of 1986, as amended. 
 “Company Affiliate” means any entity controlled
by, in control of, or under common control with, the Company. 
 “Confidential Information” means trade secrets
or proprietary information belonging to the Company or any Company Affiliate and other confidential financial or product information, operating budgets, strategic plans or research methods, processes, formulae, technology, designs, personnel data,
projects or plans, pricing and profit margins, vendors, Customers, partners, and non-public information regarding personnel, compensation, recruiting, training, advertising, sales, marketing, promotions and other intellectual property, in each case,
received by the Executive in the course of his employment by the Company or in connection with his duties with the Company. Notwithstanding anything to the contrary contained herein, the general skills, knowledge and experience gained during the
Executive’s employment with the Company, information publicly available or generally known within the industry or trade in which the Company competes and information or knowledge possessed by the Executive prior to his employment by the
Company, shall not be considered Confidential Information. Confidential Information shall not be deemed to have been published merely because individual portions of the information have been separately published, but only if all material features
comprising such information have been published in combination. 
 “Customer” means any person or entity that
is purchasing goods or receiving services from the Company and/or any Company Affiliate. For the avoidance of doubt, it is 

  
 16 

 
acknowledged and agreed that the term “Customer” includes a member of the Company’s (or a Company Affiliate’s) independent promoter sales force. 

“Date of Termination” means (i) if the Executive’s employment is terminated by the Executive’s death, the
date of the Executive’s death; (ii) if the Executive’s employment is terminated because of the Executive’s Disability, 30 days after Notice of Termination, provided that the Executive shall not have returned to the
performance of the Executive’s duties on a full-time basis during such 30-day period; or (iii) if the Executive’s employment is terminated by the Company pursuant to Section 8(a)(ii)(B) or by the Executive pursuant to
Section 8(a)(iii), the date specified in the Notice of Termination. 
 “Effective Date” shall mean
the date upon which occurs the Effective Time of the Fourth Closing, as determined for purposes of that certain Agreement Concerning the Membership Interest Agreement dated as of
[                        ], 2012, by and among the Executive, the Holding Company and others. 

“Good Reason” means, unless otherwise agreed to in writing by the Executive, (i) material diminution in positions,
duties, responsibilities, authority from those in effect as of the Effective Date or set forth in Section 1 (including a failure to re-elect the Executive to the Board); (ii) the Executive no longer reporting directly and
exclusively to the Board; (iii) material reduction in the Executive’s Base Salary, Target Incentive Opportunity or other compensation and benefits; (iv) relocation of the Executive’s principal place of employment out of Troy,
Michigan (other than a relocation to a California metropolitan area or the New York City metropolitan area); or (v) any other material breach of this Agreement. In order to invoke a termination for Good Reason, the Executive must provide the
Company with notice of the circumstances constituting Good Reason within 90 days of the Executive becoming aware of such circumstances, the Company must fail to cure such circumstances (in all respects) within 30 days of the Executive’s notice,
and the Executive must terminate his employment within 30 days following the expiration of the Company’s cure period. 

“Non-Compete Period” means the period commencing on the Effective Date and ending twenty-four (24) months after the
earlier of the expiration of the Employment Period or the Executive’s Date of Termination. 
 “Parachute Payment
Ratio” means a fraction the numerator of which is the value of the applicable Payment for purposes of Section 280G of the Code and the denominator of which is the nominal value of such Payment. 

“Severance Multiple” shall equal the greater of (x) two and (y) the number of whole and partial months
remaining in the Employment Period divided by twelve (12); provided that the Severance Multiple shall not exceed three (3); and provided further that the Severance Multiple shall be three (3) if the Qualifying
Termination occurs during the six-month period prior to a Change in Control or the two-year period following a Change in Control. 

  
 17 

 “Substantial Stockholder” shall have the meaning set forth in the
Company’s 2012 Omnibus Incentive Plan. 
  

  
 18 

 IN WITNESS WHEREOF, the undersigned have duly executed and delivered this Agreement, or have
caused this Agreement to be duly executed and delivered on their behalf. 
  
  

			
	VISALUS, INC.
		
	By:	 	
		 	  

	 Name:

Title:

  

			
	EXECUTIVE
	
	
	
	
	  

	Ryan Blair

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00208-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00208-of-00352.parquet"}]]