Document:

EX-10.3

 Exhibit 10.3 

TRANSITION SERVICES AGREEMENT 

This Transition Services Agreement (this “Agreement”) is entered into as of March 1, 2022 (the “Effective
Date”), by and between Zimmer Biomet Holdings, Inc., a corporation organized under the laws of the State of Delaware (“Parent”), and ZimVie Inc., a corporation organized under the laws of the State of Delaware
(“SpinCo”). Parent and SpinCo are each referred to in this Agreement as a “Party,” and together as the “Parties.” 

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

 Agreement 

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

PERFORMANCE OF SERVICES 

Section 1.1 Services. 

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

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

(c) Each Service Schedule is hereby incorporated into and shall form a part of this Agreement; provided, however, that the terms
contained in such Service Schedule shall only apply with respect to the Services provided under that Service Schedule. In the event of a conflict between the terms contained in an individual Service Schedule and the terms in the body of this
Agreement, the terms in the Service Schedule shall take precedence with respect to the Services under such Service Schedule only. No terms contained in any individual Service Schedule shall otherwise modify the terms of this Agreement. 

Section 1.2 Service Periods. Subject to earlier termination pursuant to Section 5.3, a Provider’s
obligation to perform the Services set forth in any Service Schedule shall terminate on the last day of the “Service Period” specified in such Service Schedule. 

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

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

Section 1.5 Consents. Nothing in this Agreement shall require a Provider to perform or cause to be performed any Service to the
extent that the manner of such performance would constitute a violation of any applicable Law or any existing contract or agreement with a third party. If a Provider becomes aware that any such violation is reasonably likely, such Provider
shall use commercially reasonable efforts to promptly advise the Recipient of such potential violation, and such Provider and Recipient will mutually seek an alternative that addresses such potential violation. The Parties shall cooperate with
one another and use their respective commercially reasonable efforts to obtain all appropriate consents, waivers, permits, licenses, and/or sublicenses (“Consents”), where reasonably necessary, of any relevant third party required
under any existing contract or agreement with a third party to allow Provider to perform, or cause to be performed, all Services to be provided hereunder in accordance with the standards set forth herein. Recipient shall reimburse Provider for all
reasonable and out-of-pocket costs and expenses (if any) incurred by Provider or any of its Subsidiaries in connection with obtaining such Consent. Neither Provider nor
Recipient shall be obligated to contribute any capital, pay any consideration, grant any concession or incur any additional Liability to any third party other than ordinary and customary fees to a Governmental Authority from whom such consents are
required, which shall be payable by the Recipient. If, with respect to a Service, the Parties, despite the use of such commercially reasonable efforts, are unable to obtain any such Consent, the Recipient shall be responsible for procuring the
Services from alternative sources and the Provider shall have no further responsibility for such Services. 
 Section 1.6
Transitional Nature of the Services. Each Party acknowledges the transitional nature of the Services and agrees that each Recipient shall use its commercially reasonable efforts to transition the Services to its own internal organization or
to engage alternative third-party service providers as soon as reasonably practicable after the Effective Date and in no event later than the last day of the Service Period referenced in the applicable Service Schedule. 

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

ARTICLE II 

COMPENSATION 

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

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

Section 2.3 Invoicing; Payment. Within 15 days after the end of each calendar quarter until the expiration or termination of this
Agreement, (a) Parent shall submit to SpinCo an invoice or invoices for Parent-Provider Service Fees due and Parent Reimbursable Costs incurred during such calendar quarter, and (b) SpinCo shall submit to Parent an invoice or invoices for
SpinCo-Provider Service Fees due and SpinCo Reimbursable Costs incurred during such calendar quarter. Each invoice shall set forth in reasonable detail the calculation of the charges and amounts and applicable Taxes for each Service for which such
invoice relates. Unless otherwise specified in 

  
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the Service Schedules, amounts due under this Agreement shall be invoiced and paid in U.S. dollars by wire transfer of immediately available funds to one or more accounts designated by the Party
to whom such payments are owed. All payments due under this Agreement (other than any amounts disputed by a Party in good faith) shall be made within 30 days after the date of the applicable invoice (the “Due Date”). Late payments
shall bear interest at a rate equal to five percent (5%) per annum. Such interest shall be calculated on the basis of the actual number of days elapsed from the Due Date up to and including the actual date of payment, without compounding. 

Section 2.4 Right to Suspend Services. If payment in full of any invoice (other than amounts disputed by a Party in good faith) is
not received by the Due Date of such invoice, to the extent the aggregate amount of such overdue unpaid invoices exceeds $1,000,000, the Party to whom such payment is owed shall have the right, after giving 15 days’ prior written notice to the
other Party, to suspend all or any portion of the Service or other obligations under this Agreement as to which such overdue payment relates until such time as all amounts then due, including any accrued interest, have been paid. After such payment
in full is received, performance of the suspended Services and other obligations shall resume. 
 Section 2.5 Taxes. 

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

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

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

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

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

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

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

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

Section 3.6 Indemnification.  

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

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

(c) To the extent that Parent and SpinCo have indemnification obligations to one another in connection with a single Action, Parent and SpinCo
shall contribute to the aggregate Liabilities arising from such Action in such proportion as is appropriate to reflect their relative Liabilities, as well as any other relevant equitable considerations. The amount paid or payable by Parent or SpinCo
for purposes of apportioning the aggregate Liabilities shall be deemed to include all reasonable legal fees and expenses incurred by such Party in connection with investigating, preparing for or defending against such Action. If the Parties cannot
agree on an allocation of any such Liabilities for Actions, they shall resolve the matter pursuant to the procedures set forth in Article VII of the Separation Agreement. 

  
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 (d) The procedures for indemnification set forth in Sections 4.5, 4.6 and 4.7 of the
Separation Agreement shall govern claims for indemnification under this Agreement, mutatis mutandis. 
 (e) The indemnities contained
in this Section 3.6 shall survive for a period of 12 months after the expiration or termination of this Agreement for any reason. Notwithstanding the preceding sentence, any Action in respect of which indemnity may be
sought under this Agreement shall survive the time at which it would otherwise terminate pursuant to the preceding sentence if a written notice of an indemnification claim shall have been given by the Party seeking indemnification prior to the
expiration of the 12-month survival period. 
 (f) Tax Matters Agreement Coordination. The
provisions of Section 3.6(a)-(e) shall not apply to Taxes to the extent specifically addressed in the Tax Matters Agreement, subject to the terms thereof. It is understood and agreed that Taxes and Tax matters, including
the control of Tax-related proceedings, shall be governed by the Tax Matters Agreement to the extent specifically addressed in the Tax Matters Agreement, subject to the terms thereof. In the case of any
conflict or inconsistency between this Agreement and the Tax Matters Agreement in relation to any matters addressed by the Tax Matters Agreement, the Tax Matters Agreement shall prevail. All capitalized terms used in this
Section 3.6(f) but not defined in this Agreement have the meaning ascribed thereto in the Separation Agreement. 

Section 3.7 Limitation of Liability. NOTWITHSTANDING ANYTHING TO THE CONTRARY IN THIS AGREEMENT, TO THE GREATEST EXTENT
PERMITTED BY APPLICABLE LAW, (A) NO PROVIDER SHALL BE RESPONSIBLE FOR ANY ACT OR OMISSION OF ANY RECIPIENT OR SUCH RECIPIENT’S AFFILIATES OR REPRESENTATIVES IN RESPECT OF THE SERVICES; (B) IN NO EVENT SHALL
EITHER PARTY OR ITS AFFILIATES OR REPRESENTATIVES BE LIABLE FOR NEGLIGENCE (OTHER THAN GROSS NEGLIGENCE) IN PERFORMING THEIR OBLIGATIONS UNDER THIS AGREEMENT; AND (C) IN NO EVENT SHALL EITHER PARTY OR ITS AFFILIATES OR
REPRESENTATIVES BE LIABLE FOR ANY CONSEQUENTIAL DAMAGES THAT ARE NOT REASONABLY FORESEEABLE OR ANY PUNITIVE OR SPECIAL DAMAGES, LOSS OF REVENUE, INCOME OR PROFITS, DOWNTIME, DIMINUTION IN THE VALUE OR PERFORMANCE OR ANY MULTIPLE THEREOF AND
DIMINUTION OR LOSS OF BUSINESS, REPUTATION OR OPPORTUNITY OR ANY MULTIPLE THEREOF, ARISING FROM OR RELATING TO ANY ACT OR OMISSION UNDER THIS AGREEMENT; PROVIDED, HOWEVER, THAT THE LIMITATIONS OF LIABILITY IN THIS CLAUSE (C) SHALL
NOT APPLY TO LOSSES RESULTING FROM SUCH PARTY’S OR ITS AFFILIATE’S FRAUD, BAD FAITH OR WILLFUL MISCONDUCT OR FOR THIRD PARTY CLAIMS SUBJECT TO INDEMNIFICATION PURSUANT TO SECTION 3.6. NOTWITHSTANDING ANYTHING TO THE
CONTRARY CONTAINED HEREIN, THE LIABILITY OF EACH PROVIDER AND ITS AFFILIATES WITH RESPECT TO THIS AGREEMENT OR ANYTHING DONE (OR OMITTED) IN CONNECTION HEREWITH, 

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

ARTICLE IV 

CONFIDENTIALITY; INTELLECTUAL PROPERTY; DATA SECURITY 

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

Section 4.2 Intellectual Property. 

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

(b) Except as expressly provided in this Agreement (including any Service Schedule), no Recipient shall otherwise acquire any right, title or
interest (including any license rights or rights of use) in any such Intellectual Property by reason of the provision of the Services. Any Intellectual Property that is created, authored, conceived of, made, or otherwise developed by or on behalf of
a Provider or its Representatives in performing the Services will remain, as between the Parties, the sole property of (and exclusively owned by) such Provider; provided that (a) such Recipient shall own any written reports or tangible
deliverables (whether in paper, electronic, or other form) resulting from the performance of the Services that Provider, at a Recipient’s request, prepares specifically for and delivers to such Recipient is hereby assigned to such Recipient;
and (b) such Provider, for itself and on behalf of its Affiliates, hereby grants to such Recipient and such Recipient’s Affiliates a non-exclusive, irrevocable, perpetual, non-transferable (except as provided in Section 6.3), non-sublicensable (except to third parties as required for the provision or receipt of Services, but not for their own independent
use), royalty-free, worldwide license to use any Intellectual Property which is owned by such Provider or such Provider’s Affiliates (including, for clarity, any and all improvements, modifications, enhancements or derivative works thereof
owned by such Provider or its Affiliates) that is contained in such written reports or tangible deliverables solely to the extent necessary for such Recipient and its Affiliates to use such written reports or tangible deliverables for their intended
purpose in the conduct of their business. To the extent any right, title or interest in or to any Intellectual Property created by a Provider hereunder vests in a Recipient, by operation of law or otherwise, in a manner contrary to the agreed upon
ownership as set forth in this Section 4.2, such Recipient hereby presently assigns (and without limiting the foregoing, agrees in the future to assign) to such Provider any and all such right, title or interest in and to
such Intellectual Property. 

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

Section 4.3 Data Protection; Information Security and Privacy. 

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

TERM AND TERMINATION 

Section 5.1 Term. The term of this Agreement shall commence as of the Effective Date and, subject to earlier termination pursuant
to Section 5.3, shall expire upon the last to expire or terminate of the Service Periods. 
 Section 5.2
Service Periods; Renewals. Subject to earlier termination pursuant to Section 5.3, this Agreement shall terminate with respect to any Service upon the expiration or termination of the Service Period for such Service.
Any Service Period may be renewed or extended only by mutual written agreement of the Parties pursuant to Section 1.1(b). 

  
 11 

 Section 5.3 Termination. 

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

(c) This Agreement may be terminated, in whole or in part (including with respect to any particular Service), by mutual written agreement of
the Parties at any time. Such written agreement shall specify the effective date of termination and the applicable terms and conditions in connection therewith. 

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

ARTICLE VI 

MISCELLANEOUS 

Section 6.1 Severability. If any provision of this Agreement or the application thereof to any Person or circumstance is determined
by a court of competent jurisdiction to be invalid, void or unenforceable, the remaining provisions hereof or thereof, or the application of such provision to Persons or circumstances or in jurisdictions other than those as to which it has been held
invalid or unenforceable, shall remain in full force and effect and shall in no way be affected, impaired or invalidated thereby. Upon such determination, the Parties shall negotiate in good faith in an effort to agree upon such a suitable and
equitable provision to effect the original intent of the Parties. 

  
 12 

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

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

Warsaw, Indiana 46580 

Attention: General Counsel 
 E-mail: legal.americas@zimmerbiomet.com 
 with copies (which will not constitute notice) to: 

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

Attention: Morton A. Pierce, Esq. 

Michelle B. Rutta, Esq. 

Robert Chung, Esq. 

E-mail:  
morton.pierce@whitecase.com 

              michelle.rutta@whitecase.com 

              robert.chung@whitecase.com 

and 
 Faegre Drinker
Biddle & Reath LLP 
 600 E. 96th Street, Suite 600 

Indianapolis, IN 46240 

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

ZimVie Inc. 
 10225 Westmoor Dr.

 Westminster, CO 80021 

Attention: Heather Kidwell, General Counsel 

E-mail: heather.kidwell@zimvie.com 

  
 13 

 with copies (which will not constitute notice), to: 

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

Attention:   Morton A. Pierce, Esq. 

Michelle B. Rutta, Esq. 

Robert Chung, Esq. 

E-mail:       morton.pierce@whitecase.com 

michelle.rutta@whitecase.com 

robert.chung@whitecase.com 

and 
 Faegre Drinker
Biddle & Reath LLP 
 600 E. 96th Street, Suite 600 

Indianapolis, IN 46240 

Attention: Trevor J. Belden 
 E-mail: trevor.belden@faegredrinker.com 
 Section 6.3 Assignability. This Agreement shall be
binding upon and inure to the benefit of the Parties and their respective successors and permitted assigns; provided, however, that neither Party may assign its rights or delegate its obligations under this Agreement without the
express prior written consent of the other Party. Notwithstanding the foregoing, no such consent shall be required for the assignment of a Party’s rights and obligations under this Agreement in connection with a Change of Control of a Party so
long as the resulting, surviving or transferee Person assumes all the obligations of the assigning Party by operation of Law or pursuant to an agreement in form and substance reasonably satisfactory to the
non-assigning Party. 
 Section 6.4 Third Party Beneficiaries. Except as provided in
Section 3.6 with respect to SpinCo Indemnified Parties and Parent Indemnified Parties (in their respective capacities as such), (a) the provisions of this Agreement are solely for the benefit of the Parties and are not
intended to confer upon any other Person any rights or remedies hereunder, and (b) there are no third-party beneficiaries of this Agreement and this Agreement shall not provide any third party with any remedy, claim, Liability, reimbursement,
claim of action or other right in excess of those existing without reference to this Agreement. 
 Section 6.5 Waiver of
Default. Waiver by a Party of any default by the other Party of any provision of this Agreement must be in writing and shall not be deemed a waiver by the waiving Party of any subsequent or other default, nor shall it prejudice the rights of the
other Party. No failure or delay by a Party in exercising any right, power or privilege under this Agreement shall operate as a waiver thereof, nor shall a single or partial exercise thereof prejudice any other or further exercise thereof or the
exercise of any other right, power or privilege. 
 Section 6.6 Dispute Resolution. Article VII of the Separation Agreement is
hereby incorporated by reference herein (but for this purpose, only to the extent applicable to this Agreement, and not to the Separation Agreement or any other Ancillary Agreement). Parent designates SVP of Strategy and SpinCo designates SVP of
Strategy for purposes of Section 7.1(a) of the Separation Agreement. Each Party may replace its designee upon written notice to the other Party. 

  
 14 

 Section 6.7 Governing Law. 

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

(b) Subject to the provisions of Section 6.6, each of the Parties hereto hereby irrevocably and unconditionally
submits, for itself and its property, to the exclusive jurisdiction of the Court of Chancery of the State of Delaware, or, if (and only if) such court finds it lacks subject matter jurisdiction, the Federal court of the United States of America
sitting in Delaware, and appellate courts thereof, or, if (and only if) such court finds it lacks jurisdiction, another state court in the State of Delaware, in any action or proceeding arising out of or relating to this Agreement for recognition or
enforcement of any judgment or award relating hereto, and each of the Parties hereby irrevocably and unconditionally (i) agrees not to commence any such action or proceeding except in the Court of Chancery of the State of Delaware, or, if (and
only if) such court finds it lacks subject matter jurisdiction, the Federal court of the United States of America sitting in Delaware, and appellate courts thereof, or, if (and only if) such court finds it lacks jurisdiction, another state court in
the State of Delaware, (ii) agrees that any claim in respect of any such action or proceeding may be heard and determined in the Court of Chancery of the State of Delaware, or, if (and only if) such court finds it lacks subject matter
jurisdiction, the Federal court of the United States of America sitting in Delaware, and appellate courts thereof, or, if (and only if) such court finds it lacks jurisdiction, another state court in the State of Delaware, (iii) waives, to the
fullest extent it may legally and effectively do so, any objection that it may now or hereafter have to the laying of venue of any such action or proceeding in such courts and (iv) waives, to the fullest extent permitted by applicable Law, the
defense of an inconvenient forum to the maintenance of such action or proceeding in such courts. 
 Section 6.8 Headings. The
article, section and paragraph headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. 

Section 6.9 Interpretation. In this Agreement, (a) words in the singular shall be deemed to include the plural and vice versa
and words of one gender shall be deemed to include the other genders as the context requires; (b) the terms “hereof,” “herein,” and “herewith” and words of similar import shall, unless otherwise stated, be
construed to refer to this Agreement as a whole (including all of the Schedules, Exhibits and Appendices hereto and thereto) and not to any particular provision of this Agreement; (c) Article, Section, Schedule, Exhibit and Appendix references
are to the Articles, Sections, Schedules, Exhibits and Appendices to this Agreement, unless otherwise specified; (d) unless otherwise stated, all references to any agreement shall be deemed to include the exhibits, schedules and annexes to such
agreement; (e) the word “including” 

  
 15 

 
and words of similar import when used in this Agreement shall mean “including, without limitation,” unless otherwise specified; (f) the word “or” shall not be exclusive;
(g) unless otherwise specified in a particular case, the word “days” refers to calendar days; (h) references to “business day” shall mean any day other than a Saturday, a Sunday or a day on which banking institutions
are generally authorized or required by Law to close in New York, New York; (i) references herein to this Agreement or any other agreement contemplated herein shall be deemed to refer to this Agreement or such other agreement as of the date on
which it is executed and as it may be amended, modified or supplemented thereafter, unless otherwise specified; and (j) the word “extent” in the phrase “to the extent” shall mean the degree to which a subject or other thing
extends, and such phrase shall not mean simply “if.” 
 Section 6.10 Amendment. No provisions of this Agreement shall
be deemed waived, amended, supplemented or modified by a Party, unless such waiver, amendment, supplement or modification is in writing and signed by the authorized representative of the Party against whom it is sought to enforce such waiver,
amendment, supplement or modification. 
 Section 6.11 Counterparts; Entire Agreement; Corporate Power. 

(a) This Agreement may be executed in one or more counterparts, all of which shall be considered one and the same agreement, and shall become
effective when one or more counterparts have been signed by each of the Parties and delivered to the other Party. 
 (b) This Agreement, the
Separation Agreement and the other Ancillary Agreements and the Exhibits, Schedules and appendices hereto and thereto contain the entire agreement between the Parties with respect to the subject matter hereof, supersede all previous agreements,
negotiations, discussions, writings, understandings, commitments and conversations with respect to such subject matter, and there are no agreements or understandings between the Parties other than those set forth or referred to herein or therein.
This Agreement, the Separation Agreement and the Ancillary Agreements together govern the arrangements in connection with the Separation and the Distribution and would not have been entered into independently. 

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

(ii) this Agreement has been duly executed and delivered by it and constitutes a valid and binding agreement of it enforceable in accordance
with the terms thereof. 
 (d) Each Party acknowledges and agrees that delivery of an executed counterpart of a signature page to this
Agreement (whether executed by manual, stamp or mechanical signature) by facsimile or by e-mail in portable document format (.pdf) shall be effective as delivery of such executed counterpart of this Agreement.
Each Party expressly adopts and confirms each such facsimile, stamp or mechanical signature (regardless of whether delivered in person, by mail, by courier, by facsimile or by e-mail in portable document
format (.pdf)) made in its respective name 

  
 16 

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

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

  
 17 

 ARTICLE VII 

DEFINITIONS 

Section 7.1 Definitions. For purposes of this Agreement (including the Recitals hereof), the following terms have the following
meanings: 
 “Action” has the meaning set forth in the Separation Agreement. 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

  
 18 

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

“Parent Indemnified Parties” has the meaning set forth in Section 3.6(b). 

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

  
 19 

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

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

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

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

[Remainder of page intentionally left blank; 

Signatures appear on following page] 

  
 20 

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

			
	ZIMMER BIOMET HOLDINGS, INC.
		
	By:	 	 /s/ Chad F. Phipps

	Name:	 	Chad F. Phipps
	Title:	 	Senior Vice President, General Counsel and Secretary
	
	ZIMVIE INC.
		
	By:	 	 /s/ Vafa Jamali

	Name:	 	Vafa Jamali
	Title:    	 	President and Chief Executive OfficerEX-10.4

 Exhibit 10.4 

Dated March / 1 / 2022 

Intellectual Property Matters Agreement 

between 
 ZIMMER BIOMET
HOLDINGS, INC. 
 and 

ZIMVIE INC. 

 TABLE OF CONTENTS 

 

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

 INTELLECTUAL PROPERTY MATTERS AGREEMENT 

THIS INTELLECTUAL PROPERTY MATTERS AGREEMENT (this “Agreement”) is made effective as of March 1, 2022 (the
“Effective Date”), by and between Zimmer Biomet Holdings, Inc., a Delaware corporation (“Parent”), and ZimVie Inc., a Delaware corporation (“SpinCo”). Each of Parent and SpinCo may individually be
referred to in this Agreement as a “Party” and collectively as the “Parties.” 
 RECITALS 

WHEREAS, pursuant to that certain Separation and Distribution Agreement, dated as of March 1, 2022, by and between Parent and
SpinCo (as it may be amended or supplemented, the “Separation and Distribution Agreement” or “SDA”), Parent and the other members of the Parent Group (as defined in the SDA) have contributed, assigned, transferred,
conveyed and delivered to SpinCo (as defined in the SDA), all of the right, title and interest of Parent and the other members of the Parent Group in and to the SpinCo Intellectual Property (as defined in the SDA), in accordance with and subject to
the terms and conditions of the SDA; 
 WHEREAS, pursuant to the Separation and Distribution Agreement, the Parties have agreed to
deliver, or cause to be delivered, executed copies of this Agreement on or prior to the Effective Time; 
 WHEREAS, Parent and the
other members of the Parent Group desire to grant to SpinCo and the other members of the SpinCo Group, and SpinCo and the other members of the SpinCo Group desire to be granted, certain non-exclusive licenses
under the Licensed Parent IP (as defined below) in accordance with and subject to the terms and conditions of this Agreement; and 

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

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

1.1 “Acquired Party” has the meaning set forth in Section 9.4(b). 

1.2 “Agreement” has the meaning set forth in the preamble. 

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

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

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

1.6 “Divested Licensed Products” has the meaning set forth in Section 9.4(c). 

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

1.8 “Existing Products” has the meaning set forth in Section 9.4(b). 

1.9 “Improvement” means, with respect to any Intellectual Property, any other Intellectual Property that is an
improvement, enhancement, derivative work, modification, adaptation, or new application of, or that otherwise relates to, such original Intellectual Property (whether or not protectable under applicable Intellectual Property law). 

1.10 “Insolvency Event” means, with respect to a Party: (a) the Party files in any court or agency
pursuant to any statute or regulation of any state or country, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of the Party or of its assets; (b) if the Party
proposes a written agreement of composition or extension of its debts; (c) if the Party is served with an involuntary petition against it, filed in any insolvency proceeding, and such petition shall not be dismissed within sixty (60) days
after the filing thereof; (d) if the Party proposes or is party to any dissolution or liquidation; or (e) if the Party makes an assignment for the benefit of creditors 

1.11 “Intellectual Property” means mean any and all intellectual property, whether registered or unregistered,
of every kind and description throughout the world, including any and all United States and non-United States: (a) Trademarks; (b) Patents; (c) Copyrights; (d) rights in Software; (e) Know-How; (f) all applications and registrations for the foregoing; (g) rights of privacy, publicity and in or with respect to social media; and (h) all rights to sue and collect damages or
remedies for past, present, and future infringement, misappropriation, or other violation thereof 
 1.12
“Intellectual Property Improvement” has the meaning set forth in Section 3.1. 

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

  
 2 

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

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

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

1.17 “Licensing Party” means a Party in its capacity as a licensor under this Agreement. 

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

1.20 “Licensed SpinCo Products” means the SpinCo Products and any Derivative Products thereof. 

1.21 “Party” and “Parties” have the meaning set forth in the preamble. 

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

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

1.24 “Parent License” has the meaning set forth in Section 2.2. 

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

  
 3 

 1.26 “Purchaser” has the meaning set forth in
Section 9.4(c). 
 1.27 “Separation and Distribution Agreement” or
“SDA” has the meaning set forth in the preamble. 
 1.28 “SpinCo” has the meaning set forth
in the preamble. 
 1.29 “SpinCo Field” means the field of (a) developing, designing, manufacturing,
having manufactured, importing, exporting, selling, offering for sale, marketing, distributing and otherwise commercializing: (i) either (A) dental reconstructive implants, dental prosthetic products, dental regenerative products, dental
treatment design or planning software or services, digital dentistry products or services, (B) implants or surgical instruments whose primary purpose is the placement of bone fixation or motion preservation devices in or attachment to the
vertebral column (including pedicle screws, disc repair and/or replacement devices, and the placement of interbody fusion or motion preservation devices for the treatment of degenerative conditions, deformities, disease, tumors or traumatic injury
of the spine) or (C) non-invasive and implantable bone growth stimulation products; and (ii) any and all associated instrumentation (including patient specific instrumentation), treatment or surgical
planning, surgical navigation and surgical techniques and (b) seeking and maintaining all necessary approvals in connection with any of the foregoing, provided, however, that the “Field” expressly excludes: the development, design,
manufacture, having manufactured, importation, exportation, sale, offer for sale, marketing, distribution or other commercialization of products, instruments or surgical techniques primarily related to the brain, brain stem, spinal cord,
maxillofacial surgery, craniomaxillofacial reconstructive surgery, orthognathic surgery, and/or craniotomy procedures (including, for clarity, brain biopsy procedures, brain ablation procedures, deep brain stimulation, nerve root stimulation,
epidural needle placement, and/or dural procedures such as for the removal of spinal cord tumors). 
 1.30 “SpinCo
License” has the meaning set forth in Section 2.1. 
 2. License Grants. 

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

(a) the Licensed Parent IP to develop, design, make, have made, use, sell, offer to sell, market, distribute, import, dispose
of and otherwise exploit Licensed SpinCo Products in the SpinCo Field, and 
 (b) any Copyrights included in the Licensed
Parent IP to reproduce, distribute, perform, display, and create derivative works of the Copyrights included in the Licensed Parent IP in the SpinCo Field 

(the “SpinCo License”). 

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

  
 4 

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

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

2.3 Sublicense Rights. 

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

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

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

3. Intellectual Property. 

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

3.2 No License to Intellectual Property Improvements. Each Party expressly acknowledges and agrees that no right or
license, express or implied, is granted hereunder in or to any Intellectual Property Improvements by either Party as the Licensing Party to the other Party as the Licensed Party. Neither Party shall have any obligation to provide or deliver to the
other Party with any Intellectual Property (including any Intellectual Property Improvement) or embodiment thereof. Any decision to apply for a patent or other protection on any Intellectual Property Improvement shall be at the sole discretion and
expense of the Party that owns such Intellectual Property Improvement. 

  
 5 

 3.3 Ownership under the Separation and Distribution Agreement or any
other Ancillary Agreements. Notwithstanding any provision of this Agreement to the contrary, ownership of any Intellectual Property under the Separation and Distribution Agreement or any other Ancillary Agreements shall be as described therein.

 3.4 Prosecution and Maintenance. 

(a) As between the Parties, Parent shall have the sole and exclusive right, but not the obligation, to obtain, prosecute
(including carrying out any interferences, reissue proceedings and re-examinations), and maintain throughout the world (whether directly or through its Affiliates, Subsidiaries or Third Party designees), the
Licensed Parent IP at its expense. 
 (b) As between the Parties, SpinCo shall have the sole and exclusive right, but not the
obligation, to obtain, prosecute (including carrying out any interferences, reissue proceedings and re-examinations), and maintain throughout the world (whether directly or through its Affiliates, Subsidiaries
or Third Party designees), the Licensed SpinCo IP at its expense. 
 3.5 Notice of Infringement. If a Licensed Party
becomes aware of any actual or threatened infringement or violation by any Third Party of the Intellectual Property licensed to the Licensed Party under this Agreement, then the Licensed Party shall notify the Licensing Party of such infringement.

 3.6 Enforcement and Defense. 

(a) As between the Parties, Parent shall have the sole and exclusive right, but not the obligation, to enforce and defend the
Licensed Parent IP (whether directly or through its Affiliates, Subsidiaries or Third Party designees), including the institution of any Action for infringement of the Licensed Parent IP at its sole expense. As between the Parties, Parent shall have
the sole and exclusive right to control the prosecution of any such Action it commences (whether directly or through its Affiliates, Subsidiaries or Third Party designees) and shall be entitled to retain any and all damages awarded or paid pursuant
to any settlement of such Action. 
 (b) As between the Parties, SpinCo shall have the sole and exclusive right, but not the
obligation, to enforce and defend the Licensed SpinCo IP (whether directly or through its Affiliates, Subsidiaries or Third Party designees), including the institution of any Action for infringement of the Licensed SpinCo IP at its sole expense. As
between the Parties, SpinCo shall have the sole and exclusive right to control the prosecution of any such Action it commences (whether directly or through its Affiliates, Subsidiaries or Third Party designees) and shall be entitled to retain any
and all damages awarded or paid pursuant to any settlement of such Action. 
 3.7 Cooperation. Upon the initiating
Party’s request and at the initiating Party’s expense, the other Party agrees to reasonably cooperate with such initiating Party in the prosecution, maintenance and enforcement of Intellectual Property rights licensed under this Agreement.

  
 6 

 4. Representations and Warranties; Covenants. 

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

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

(b) This Agreement constitutes a valid and legally binding agreement enforceable against it in accordance with its terms
(except as the enforceability thereof may be limited by applicable Laws). 
 4.2 Compliance with Laws. Each Party
shall comply, and shall cause its Affiliates and sublicensees to comply, with all applicable Laws in performing its and their obligations and exercising its and their rights pursuant to this Agreement. 

4.3 DISCLAIMER. EXCEPT AS MAY BE EXPRESSLY PROVIDED IN SECTION 4 OF THIS AGREEMENT, NEITHER PARTY MAKES, AND EACH
PARTY EXPRESSLY DISCLAIMS, UNDER THIS AGREEMENT, ANY REPRESENTATIONS AND WARRANTIES, WHETHER EXPRESS OR IMPLIED AND WHETHER UNDER THIS AGREEMENT OR AT LAW, INCLUDING ANY REPRESENTATION OR WARRANTY (A) OF QUALITY, MERCHANTABILITY, SUITABILITY OR
FITNESS FOR A PARTICULAR PURPOSE, TITLE, VALIDITY OR ENFORCEABILITY, (B) ARISING FROM COURSE OF DEALING, COURSE OF PERFORMANCE OR TRADE USAGE OR (C) THAT ANY INTELLECTUAL PROPERTY LICENSED FROM ONE PARTY TO THE OTHER PARTY HEREUNDER MAY BE
PRACTICED WITHOUT INFRINGING THE INTELLECTUAL PROPERTY RIGHTS OF ANY THIRD PARTY. 
 5. LIMITATION OF LIABILITY. EXCEPT TO THE EXTENT
ARISING FROM CLAIMS THAT A LICENSED PARTY HAS PRACTICED ANY INTELLECTUAL PROPERTY LICENSED UNDER THIS AGREEMENT OUTSIDE OF THE SCOPE OF THE LICENSE GRANTED UNDER THIS AGREEMENT TO SUCH LICENSED PARTY OR BREACHES OF SECTION 6 HEREOF, TO THE
MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, NEITHER PARTY WILL BE LIABLE TO THE OTHER FOR ANY SPECIAL, INCIDENTAL, INDIRECT, COLLATERAL, CONSEQUENTIAL OR PUNITIVE DAMAGES, LOST PROFITS SUFFERED OR SIMILAR ITEMS (INCLUDING LOSS OF REVENUE, INCOME OR
PROFITS, DIMINUTION OF VALUE OR LOSS OF BUSINESS REPUTATION OR OPPORTUNITY), OR DAMAGES CALCULATED ON MULTIPLES OF EARNINGS OR OTHER METRIC APPROACHES, HOWEVER CAUSED AND ON ANY THEORY OF LIABILITY, IN CONNECTION WITH ANY DAMAGES ARISING HEREUNDER.

 6. Confidentiality. 

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

  
 7 

 
expressly provided in this Section 6, a recipient Party may only disclose Confidential Information of the other Party to employees, agents, contractors, consultants and
advisers of the recipient Party and its Affiliates to the extent reasonably necessary for the purposes of, and for those matters undertaken pursuant to, this Agreement; provided that such Persons are bound to maintain the confidentiality of
the Confidential Information in a manner consistent with the confidentiality provisions of this Agreement. 
 6.2
Exceptions. The obligations under this Section 6 shall not apply to any information to the extent that the recipient Party can demonstrate by competent evidence that such information: 

(a) is (at the time of disclosure) or becomes (after the time of disclosure) known to the public or part of the public domain
through no breach of this Agreement by the recipient Party or its Affiliates; 
 (b) was known to, or was otherwise in the
possession of, the recipient Party or its Affiliates prior to the time of disclosure by the disclosing Party or any of its Affiliates; 

(c) is disclosed to the recipient Party or an Affiliate on a non-confidential basis by
a Third Party who is entitled to disclose it without breaching any confidentiality obligation to the disclosing Party or any of its Affiliates; or 

(d) is independently developed by or on behalf of the recipient Party or its Affiliates, as evidenced by its written records,
without reference to the Confidential Information disclosed by the disclosing Party or its Affiliates under this Agreement. 
 Specific aspects or details
of Confidential Information shall not be deemed to be within the public domain or in the possession of the recipient Party merely because the Confidential Information is embraced by more general information in the public domain or in the possession
of the recipient Party. Further, any combination of Confidential Information shall not be considered in the public domain or in the possession of the recipient Party merely because individual elements of such Confidential Information are in the
public domain or in the possession of the recipient Party unless the combination and its principles are in the public domain or in the possession of the recipient Party. 

6.3 Authorized Disclosures. In the event that the recipient Party is required to disclose Confidential
Information of the disclosing Party pursuant to applicable Law or in connection with bona fide legal process, such disclosure shall not be a breach of this Agreement; provided that the recipient Party (a) informs the disclosing Party as
soon as reasonably practicable of the required disclosure, (b) limits the disclosure to the required purpose, and (c) at the disclosing Party’s request and expense, to the extent permitted by applicable Law, assists in an attempt to
object to or limit the required disclosure. 
 7. Residual Knowledge. Notwithstanding anything to the contrary in this Agreement,
each Party acknowledges the practical difficulty of policing the use of information in the unaided memory of the other Party or its Affiliates and its and their officers, directors, employees and agents, and as such each Party agrees that the other
Party shall not be liable for the use by any of its or its Affiliates’ officers, directors, employees or agents of specific Confidential Information of the first Party (or any of the first Party’s Affiliates) that is retained in the
unaided memory of such officer, director, employee or agent; provided that (a) such officer, director, employee or agent is not aware that such Confidential Information is the Confidential Information of the first Party at the time of such use;
(b) the foregoing is not intended to grant, and shall not be deemed to grant, the other Party, its Affiliates or its officers, directors, employees and agents (i) a right to disclose the first Party’s Confidential Information, or
(ii) a license under any Intellectual Property of the first Party; and (c) such officer, director, employee or agent has not intentionally memorized such Confidential Information for use outside this Agreement. 

  
 8 

 8. Term and Termination; Remedies. 

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

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

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

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

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

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

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

9. Miscellaneous. 

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

  
 9 

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

Zimmer Biomet Holdings, Inc. 

345 East Main Street 

Warsaw, Indiana 46580 

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

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

Attention: Morton A. Pierce, Esq. 

       Michelle B. Rutta, Esq. 

       Robert Chung, Esq. 

E-mail: morton.pierce@whitecase.com 

   michelle.rutta@whitecase.com 

   robert.chung@whitecase.com 

If to SpinCo, to: 
 ZimVie Inc.

 10225 Westmoor Dr., 

Westminster, CO 80021 
 Attention:
General Counsel 
 E-mail: heather.kidwell@zimvie.com 

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

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

Attention: Morton A. Pierce, Esq. 

       Michelle B. Rutta, Esq. 

       Robert Chung, Esq. 

  
 10 

 E-mail: morton.pierce@whitecase.com 

   michelle.rutta@whitecase.com 

   robert.chung@whitecase.com 

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

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

9.4 Assignability; Change of Control. 

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

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

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

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

9.8 Governing Law; Jurisdiction. 

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

  
 12 

 (b) Subject to the provisions of Article VII of the Separation and
Distribution Agreement, each of the Parties hereby irrevocably and unconditionally submits to the exclusive jurisdiction of the Court of Chancery of the State of Delaware or, if such court shall not have jurisdiction, the United States District
Court for the District of Delaware, or if such court shall not have jurisdiction, the other state courts of the State of Delaware, and any appellate court from any appeal thereof, in any Action arising out of or relating to this Agreement or the
transactions contemplated hereby, and each of the Parties hereby irrevocably and unconditionally (i) agrees not to commence any such Action except in such courts, (ii) agrees that any claim in respect of any such Action may be heard and
determined in the Court of Chancery of the State of Delaware or, to the extent permitted by Law, in such other courts, (iii) waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to
the laying of venue of any such Action in the Court of Chancery of the State of Delaware or such other courts, and (iv) waives, to the fullest extent permitted by Law, the defense of an inconvenient forum to the maintenance of such Action in
the Court of Chancery of the State of Delaware or such other courts. 
 9.9 Counterparts. This Agreement may be
executed in one or more counterparts, all of which shall be considered one and the same agreement, and shall become effective when one or more counterparts have been signed by each of the Parties hereto or the parties thereto, respectively, and
delivered to the other Party hereto or parties thereto, respectively. 
 9.10 Headings. The article, section and
paragraph headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. 

9.11 Severability. Any provision of this Agreement or the application thereof to any Person or circumstance is
determined by a court of competent jurisdiction to be invalid, void or unenforceable, the remaining provisions hereof or thereof, or the application of such provision to Persons or circumstances or in jurisdictions other than those as to which it
has been held invalid or unenforceable, shall remain in full force and effect and shall in no way be affected, impaired or invalidated thereby. Upon such determination, the Parties shall negotiate in good faith in an effort to agree upon such a
suitable and equitable provision to effect the original intent of the Parties. 
 9.12 Rules of Construction. This
Agreement shall be deemed to be the joint work product of the Parties and any rule of construction that a document shall be interpreted or construed against a drafter of such document shall not be applicable. 

9.13 Specific Performance. Subject to the provisions of Article VII of the Separation and Distribution Agreement,
in the event of any actual or threatened default in, or breach of, any of the terms, conditions and provisions of this Agreement, the Party hereto, who are, or are to be, thereby aggrieved shall have the right to specific performance and injunctive
or other equitable relief in respect of their respective rights under this Agreement, in addition to any and all other rights and remedies at law or in equity, and all such rights and remedies shall be cumulative. The Parties agree that the remedies
at law for any breach or threatened breach, including monetary damages, are inadequate compensation for any loss and that any defense in any action for specific performance that a remedy at law would be adequate is waived. Any requirements for the
securing or posting of any bond with such remedy are waived by each of the Parties. 
 9.14 Rights in Bankruptcy. All
rights and licenses granted under or pursuant to this Agreement by Parent and SpinCo, including in Section 2, are, and shall otherwise be deemed to be, for purposes of Section 365(n) of the U.S. Bankruptcy Code or
analogous provisions of applicable Law outside the United States, licenses of right to “intellectual property” as defined under Section 101 of the U.S. Bankruptcy Code or analogous provisions of applicable law outside the United States.
Each Party agrees that the other, as licensee of such rights under this Agreement, shall retain and may fully exercise all of its rights and elections under the U.S. Bankruptcy Code or any other provisions of applicable Law outside the United States
that provide similar protection for such intellectual property. 

  
 13 

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

 9.16 Further Assurances. SpinCo and Parent hereby covenant and agree, without the necessity of any further
consideration, to execute, acknowledge and deliver any and all such other documents and take any such other action as may be reasonably necessary or appropriate to implement this Agreement and carry out the intent and purposes of this Agreement.

 9.17 No Agency. Nothing herein contained will be construed to place the Parties in the relationship of partners,
principal and agent, or employer and employee. Neither Party will have the power to assume, create or incur liability or any obligation of any kind, express or implied, in the name of or on behalf of the other Party by virtue of this Agreement. 

9.18 Affiliate Status. To the extent that a Party is required hereunder to take certain action with respect to entities
designated in this Agreement as such Party’s Subsidiaries or Affiliates, such obligation shall apply to such entities only during such period of time that such entities are Subsidiaries or Affiliates of such Party. To the extent that this
Agreement requires a Subsidiary or an Affiliate of any Party to take or omit to take any action, such agreement and obligation includes the obligation of such Party to cause such Subsidiary or Affiliate to take or omit to take such action. 

9.19 Dispute Resolution. Article VII of the Separation and Distribution Agreement is hereby incorporated by reference
herein (but for this purpose, only to the extent applicable to this Agreement, and not to the Separation and Distribution Agreement or any other Ancillary Agreement). Parent designates its Vice President, Chief Patent Counsel or their respective
designee and SpinCo designates its Senior Patent Counsel or their respective designee for purposes of Section 7.1(a) of the Separation and Distribution Agreement. Each Party may replace its designee upon written notice to the other Party. 

[Signature Page Follows] 

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

			
	ZIMMER BIOMET HOLDINGS, INC.
		
	By:	 	 /s/ Chad F. Phipps

	Name:	 	Chad F. Phipps
	Title:	 	Senior Vice President, General Counsel and Secretary
	
	ZIMVIE INC.
		
	By:	 	 /s/ Vafa Jamali

	Name:	 	Vafa Jamali
	Title:	 	President and Chief Executive Officer

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