Document:

Amended and Restated Employment Agreement

 EXHIBIT 10.1 
 AMENDED AND RESTATED 
 EXECUTIVE EMPLOYMENT AGREEMENT 

THIS AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of this
January 1, 2012, by and between Omega Protein Corporation, a Nevada corporation (the “Company”), and Joseph L. von Rosenberg III (the “Executive”). This Agreement amends and restates in its
entirety the agreement dated December 31, 2007, between the Company and the Executive, as amended by the first amendment thereto (the “Prior Agreement”). 

WITNESSETH: 

WHEREAS, the Company desires to amend and restate the Prior Agreement with the Executive as set forth herein and the Executive desires to
amend and restate the Prior Agreement with the Company as set forth herein; and 
 NOW, THEREFORE, for and in consideration of
the mutual promises, covenants and obligations contained herein, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company and the Executive hereby agree as follows: 

 

	1.	Certain Definitions. As used in this Agreement, the following terms have the meanings prescribed below: 

“Affiliate” means a person or entity who, directly or indirectly through one or more intermediaries, controls, is
controlled by, or is under common control with, another person or entity. 
 “Board” means the Board of
Directors of the Company. 
 “Code” means the Internal Revenue Code of 1986, as amended, and the rules,
notices and regulations promulgated by the Internal Revenue Service thereunder, all as in effect from time to time. 

“Compensation Plans” means any compensation arrangement, plan, policy, practice or program established,
maintained or sponsored by the Company or any subsidiary of the Company, for its employees generally or any specific group of employees, or to which the Company or any subsidiary of the Company contributes, and which includes, by way of example and
not limitation, any incentive plan, bonus plan, 401(k) plan, pension plan, savings plan, equity or cash incentive plan, phantom stock plan, stock appreciation right plan, stock option plan, restricted stock award plan, retirement plan, deferred
compensation plan, or supplemental benefit arrangement. 
 “Competing Business” means any individual,
business, firm, company, partnership, joint venture, organization, or other entity that is engaged in the business of the Company, as presently or from time to time during the Executive’s period of employment conducted, including without
limitation, the production or sale of (i) fish meal, fish oil (refined or unrefined) or fish solubles or (ii) dietary supplement ingredients. 

 “Confidential Information” shall have the meaning assigned thereto
in Section 7.2 hereof. 
 “Date of Termination” means the earliest to occur of (i) the
date of the Executive’s death or (ii) the date of receipt of the Notice of Termination, or such later date as may be prescribed in the Notice of Termination in accordance with Section 5 hereof. 

“Employee Health and Welfare Plans” means any health, insurance or welfare arrangement, plan, policy, practice or
program established, maintained or sponsored by the Company or any subsidiary of the Company, for its employees generally or any specific group of employees, or to which the Company or any subsidiary of the Company contributes, and which includes,
by way of example and not limitation, any health care plan, medical plan, dental plan, vision plan, long-term or short-term disability plan, unemployment plan, accident plan, hospitalization plan, life insurance plan, dependent care plan, cafeteria
plan, or employee assistance plan. 
 “Exchange Act” means the Securities Exchange Act of 1934, as
amended, and the rules and regulations promulgated by the Securities and Exchange Commission thereunder, all as in effect from time to time. 
 “Notice of Termination” shall have the meaning assigned thereto in Section 5 hereof. 
  

	2.	General Duties of the Company and the Executive. 

 2.1(a) The Company agrees to employ the Executive, and the Executive agrees to accept employment by the Company and to serve the Company as its Chairman of the Board and to provide such other services to
the Company and its Affiliates as may from time to time be assigned to the Executive by the Board. The Executive shall report to the Board. The Executive shall have the authority, duties and responsibilities that are normally associated with and
inherent in the executive capacity in which the Executive will be performing. The Executive’s duties are presently expected to include matters relating to business development, director and officer recruitment, customer relationships,
governmental affairs and broader business relationships, and his role as an advisor to the Board and the Company’s management team. While employed hereunder, the Executive shall use his best efforts to perform faithfully and efficiently his
duties and responsibilities. The Executive agrees to cooperate fully with the Board, and other executive officers of the Company, and not to engage in any activity which conflicts with or interferes with the performance of his duties hereunder.
While the Executive is employed by the Company, the Executive shall devote his best efforts and skills to the business and interests of the Company. While the Executive is employed by the Company, it shall not be a violation of this Agreement for
the Executive (i) serve on any corporate board or committee thereof with the approval of the Board, (ii) to serve on any civic, or charitable boards or committees (except for boards or committees of a Competing Business unless approved by
the Board), (iii) deliver lectures, fulfill teaching or speaking engagements, or (iv) manage personal investments; provided, however, any such activities must not materially interfere with performance of the Executive’s
responsibilities under this Agreement. 

  
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 (b) The Executive represents and covenants to the Company that he is not
subject or a party to any employment agreement, noncompetition covenant, nondisclosure agreement, or any similar agreement or covenant that would prohibit the Executive from executing this Agreement and fully performing his duties and
responsibilities hereunder, or would in any manner, directly or indirectly, limit or affect the duties and responsibilities that may now or in the future be assigned to the Executive hereunder. 

2.2 The Executive agrees and acknowledges that he owes a fiduciary duty of loyalty, fidelity and allegiance to act at all times in the
best interests of the Company. 
  

	3.	Term. Unless sooner terminated pursuant to Section 5 hereof, the Executive’s period of employment under this Agreement shall continue until the
earlier of (i) December 31, 2013 or (ii) the date of the Company’s 2013 Annual Meeting of Stockholders, if the Executive has not been nominated by the Board to be elected by the holders of the Company’s common stock to serve
an additional three-year term as a Class III director of the Board. 

  

	4.	Compensation and Benefits. 

 4.1 Base Salary. As compensation for services to the Company, the Company shall pay to the Executive from the date of this Agreement until the Date of Termination an annual base salary of $255,000.
The Executive’s base salary shall be payable in equal semi-monthly installments or in accordance with the Company’s established policy for all employees generally, subject only to such payroll and withholding deductions as may be required
by law and other deductions (consistent with Company policy for all employees generally) relating to the Executive’s election to participate in any Employee Health and Welfare Plans. While employed by the Company, the Executive will receive no
additional compensation if he shall serve as a director of the Company. 
 4.2 Participation in Employee Health and Welfare
Plans and Compensation Plans. Until the Date of Termination, the Executive, and the Executive’s family if applicable, shall have the right to participate in any Employee Health and Welfare Plans or any Compensation Plans, in each case in
which any senior executive of the Company participates, in a manner consistent with the participation of such senior executives, as well as those Employee Health and Welfare Plans or Compensation Plans currently maintained or hereinafter established
by the Company for the benefit of its employees generally. The Company shall not be obligated to institute, maintain, or refrain from changing, amending, or discontinuing any Employee Health and Welfare Plans or any Compensation Plans, so long as
such actions are similarly applicable to, as the case may be, covered employees generally or senior executives generally. 
 4.3
Reimbursement of Expenses. The Executive may from time to time until the Date of Termination incur various business expenses customarily incurred by persons holding positions of like responsibility, including, without limitation, travel,
entertainment and similar expenses incurred for the benefit of the Company. Subject to the Executive complying with the 

  
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Company’s policy regarding the reimbursement of such expenses as in effect from time to time, including providing reasonable documentation, the Company shall reimburse the Executive for such
expenses from time to time, at the Executive’s request (irrespective of whether such request is made before or after the Date of Termination, provided that all submitted expenses relate to prior to the Date of Termination) and provided that all
such reimbursements shall be paid as soon as administratively feasible but no later than March 15th after the end of the calendar year in which they were incurred. 
 4.4 Director
and Officer Insurance. The Company will also cause the Executive to be covered by its director and officer insurance policies as they are in effect from time to time. 
 4.5 Vesting of Options. The Company and the Executive agree that the Executive’s outstanding options to purchase 166,667 shares of the Company’s common stock presently scheduled to vest
on December 1, 2013, pursuant to the Stock Option Award dated December 1, 2010, shall instead vest on December 31, 2012. Such outstanding options shall, except as provided in the preceding sentence, remain subject to the terms and
conditions of such Stock Option Award. All other stock options owned by Executive remain unchanged and in full force and effect in accordance with their terms. 
 5. Termination. This Agreement shall terminate automatically upon the death of the Executive or upon the expiration of the term as provided in Section 3 hereof. This Agreement and the
Executive’s period of employment hereunder may be terminated by either the Company or the Executive at any time and for any reason. Any termination of this Agreement by the Company or the Executive (except as a result of the Executive’s
death), shall be communicated by Notice of Termination to the other party hereto given at least three days in advance of such termination in accordance with Section 11.1 hereof. For purposes of this Agreement, a “Notice of
Termination” means a written notice that specifies the termination of employment date, if such date is other than the date of receipt of such notice (which termination date shall not be more than 15 calendar days after the giving of
such notice). Upon termination of the Executive’s employment hereunder, the Executive shall be entitled to the compensation and benefits described in Section 6 hereof and shall have no further rights to any compensation or any other
benefits from the Company or any of its Affiliates. 
 6. Obligations of the Company upon Termination. If this Agreement is terminated at
any time (including as a result of the Executive’s death or as a result of termination by the Company or the Executive for any reason), the Company shall pay to the Executive or his estate, in a lump sum in cash within three (3) business
days after the Date of Termination, an amount equal to the sum of the aggregate of the Executive’s earned but unpaid base salary (as in effect on the Date of Termination) through the Date of Termination. 

If this Agreement is terminated as a result of the Executive’s death, the Executive or his estate and/or beneficiaries shall also be entitled to
receive those death benefits to which the Executive is entitled under any applicable Employee Health and Welfare Plans or Compensation Plans. All other obligations of the Company and rights of the Executive hereunder shall terminate effective as of
the Date of Termination, except as provided for in any applicable Employee Health and Welfare Plans, any applicable Compensation Plans or as otherwise provided in this Agreement. 

  
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	7.	Executive’s Confidentiality Obligations. 

 7.1 For purposes of this Section 7, all references to the Company shall include its Affiliates. The Executive hereby acknowledges, understands and agrees that all Confidential Information, as
defined in Section 7.2 hereof, whether developed by the Executive or others employed by or in any way associated with the Executive or the Company, is the exclusive and confidential property of the Company and shall be regarded, treated
and protected as such in accordance with this Agreement. The Executive acknowledges that all such Confidential Information is in the nature of a trade secret. Failure to mark any writing confidential shall not affect the confidential nature of such
writing or the information contained therein. 
 7.2 For purposes of this Agreement, “Confidential
Information” means information, which is used in the business of the Company and (i) is proprietary to, about or created by the Company, (ii) gives the Company some competitive business advantage or the opportunity of
obtaining such advantage or the disclosure of which could be detrimental to the interests of the Company, (iii) is designated as Confidential Information by the Company, is known by the Executive to be considered confidential by the Company, or
from all the relevant circumstances should reasonably be assumed by the Executive to be confidential and proprietary to the Company, or (iv) is not generally known by non-Company personnel. Confidential Information excludes, however, any
information that is lawfully in the public domain or has been publicly disclosed by the Company. Such Confidential Information includes, without limitation, the following types of information and other information of a similar nature (whether or not
reduced to writing or designated as confidential): 
 (a) Internal personnel and financial information of the
Company, vendor information (including vendor characteristics, services, prices, lists and agreements), purchasing and internal cost information, internal service and operational manuals, and the manner and methods of conducting the business of the
Company; 
 (b) Marketing and development plans, price and cost data, price and fee amounts, pricing and billing
policies, quoting procedures, marketing techniques, forecasts and forecast assumptions and volumes, and future plans and potential strategies (including, without limitation, all information relating to any acquisition prospect and the identity of
any key contact within the organization of any acquisition prospect) of the Company which have been or are being discussed; 
 (c) Names of customers and their representatives, contracts (including their contents and parties), customer services, and the type, quantity, specifications and content of products and services
purchased, leased, licensed or received by customers of the Company; and 
 (d) Confidential and proprietary
information provided to the Company by any actual or potential customer, government agency or other third party (including businesses, consultants and other entities and individuals). 

  
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 7.3 As a consequence of the Executive’s acquisition or anticipated acquisition of
Confidential Information, the Executive shall occupy a position of trust and confidence with respect to the affairs and business of the Company. In view of the foregoing and of the consideration to be provided to the Executive, the Executive agrees
that it is reasonable and necessary that the Executive make each of the following covenants: 
 (a) At any time
while employed by the Company and thereafter, the Executive shall not disclose Confidential Information to any person or entity, other than as reasonably appropriate or necessary in carrying out his duties and responsibilities as set forth in
Section 2 hereof, without first obtaining the Company’s prior consent (unless such disclosure is compelled pursuant to court orders or subpoena, and at which time the Executive shall give prior written notice of such proceedings to
the Company). 
 (b) At any time while employed by the Company, the Executive shall use Confidential Information
only as reasonably appropriate or necessary in carrying out his duties and responsibilities as set forth in Section 2 hereof. 
 (c) On the Date of Termination, the Executive shall promptly deliver to the Company (or its designee) all written materials, records and documents made by the Executive or which came into his possession
while employed by the Company concerning the business or affairs of the Company, including, without limitation, all materials containing Confidential Information. 
  

	8.	Disclosure of Information, Ideas, Concepts, Improvements, Discoveries and Inventions. The Executive agrees that during his employment by the Company, the
Executive shall promptly disclose to the Company all information, ideas, concepts, improvements, discoveries and inventions, whether patentable or not, and whether or not reduced to practice, which are conceived, developed, made or acquired by the
Executive while employed by the Company, either individually or jointly with others, and which relate to the business, products or services of the Company, irrespective of whether the Executive used the Company’s time or facilities and
irrespective of whether such information, idea, concept, improvement, discovery or invention was conceived, developed, discovered or acquired by the Executive on the job, at home, or elsewhere. This obligation extends to all types of information,
ideas and concepts, including information, ideas and concepts relating to new types of services, corporate opportunities, acquisition prospects, prospective names or service marks for the Company’s business activities, and the like.

  

	9.	Ownership of Information, Ideas, Concepts, Improvements, Discoveries and Inventions, and all Original Works of Authorship. 

9.1 All references in this Section 9 to the Company shall include its Affiliates. All information, ideas, concepts,
improvements, discoveries and inventions, whether patentable or not, which are conceived, made, developed or acquired by the Executive or which are disclosed or made known to the Executive, individually or in conjunction with others, during the
Executive’s employment by the Company and which relate to the business, products or services of the Company (including, without limitation, all such information relating to corporate opportunities, research, financial and sales data, pricing
and trading terms, evaluations, opinions, interpretations, acquisition prospects, the identity of customers or their requirements, the identity of key contacts within the customers’ organizations, marketing and merchandising techniques,

  
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and prospective names and service marks) are and shall be the sole and exclusive property of the Company. Furthermore, all drawings, memoranda, notes, records, files, correspondence, manuals,
models, specifications, computer programs, maps and all other writings or materials of any type embodying any of such information, ideas, concepts, improvements, discoveries and inventions are and shall be the sole and exclusive property of the
Company. 
 9.2 In particular, the Executive hereby specifically sells, assigns, transfers and conveys to the Company all of his
worldwide right, title and interest in and to all such information, ideas, concepts, improvements, discoveries or inventions, and any United States or foreign applications for patents, inventor’s certificates or other industrial rights which
may be filed in respect thereof, including divisions, continuations, continuations-in-part, reissues and/or extensions thereof, and applications for registration of such names and service marks. The Executive shall assist the Company and its nominee
at all times, while employed by the Company and thereafter, in the protection of such information, ideas, concepts, improvements, discoveries or inventions, both in the United States and all foreign countries, which assistance shall include, but
shall not be limited to, the execution of all lawful oaths and all assignment documents requested by the Company or its nominee in connection with the preparation, prosecution, issuance or enforcement of any applications for United States or foreign
letters patent, including divisions, continuations, continuations-in-part, reissues and/or extensions thereof, and any application for the registration of such names and service marks. 

9.3 In the event the Executive creates, while employed by the Company, any original work of authorship fixed in any tangible medium of
expression which is the subject matter of copyright (such as, videotapes, written presentations on acquisitions, computer programs, drawings, maps, architectural renditions, models, manuals, brochures or the like) relating to the Company’s
business, products or services, whether such work is created solely by the Executive or jointly with others, the Company shall be deemed the author of such work if the work is prepared by the Executive in the scope of his employment; or, if the work
is not prepared by the Executive within the scope of his employment but is specially ordered by the Company as a contribution to a collective work, as a part of a motion picture or other audiovisual work, as a translation, as a supplementary work,
as a compilation or as an instructional text, then the work shall be considered to be work made for hire, and the Company shall be the author of such work. If such work is neither prepared by the Executive within the scope of his employment nor a
work specially ordered and deemed to be a work made for hire, then the Executive hereby agrees to sell, transfer, assign and convey, and by these presents, does sell, transfer, assign and convey, to the Company all of the Executive’s worldwide
right, title and interest in and to such work and all rights of copyright therein. The Executive agrees to assist the Company and its Affiliates, at all times, while employed by the Company and thereafter, in the protection of the Company’s
worldwide right, title and interest in and to such work and all rights of copyright therein, which assistance shall include, but shall not be limited to, the execution of all documents requested by the Company or its nominee and the execution of all
lawful oaths and applications for registration of copyright in the United States and foreign countries. 
 9.4 The provisions of
this Section 9 shall not supersede any existing proprietary information agreement between the Executive and the Company which shall remain in full force and effect and, moreover, this Agreement, any other proprietary information
agreement and any such other similar agreement between the parties shall be construed and applied as being mutually consistent to the fullest extent possible. 

  
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	10.	Executive’s Non-Competition Obligations. 

 10.1(a) All references in this Section 10 to the Company shall include its Affiliates. While employed by the Company and for the three (3) year period following the Date of Termination,
the Executive shall not, acting alone or in conjunction with others, directly or indirectly, in the United States and any other business territories in which the Company on the Date of Termination is conducting business, invest or engage, directly
or indirectly, in any Competing Business or accept employment with or render services to such a Competing Business as a director, officer, agent, executive or consultant or in any other capacity; provided, however, that this
Section 10.1(a) shall not be deemed violated if the Executive is or becomes the beneficial owner of up to three (3) percent of the stock of any corporation subject to the periodic reporting requirements of the Exchange Act at the
time of the acquisition of such beneficial ownership. Notwithstanding the above, the Executive may serve as an officer, director, agent, employee or consultant to a Competing Business whose business is diversified and which is, as to the part of its
business to which the Executive is providing services, not a Competing Business. 
 (b) In addition to the other
obligations agreed to by the Executive in this Agreement, the Executive agrees that for three (3) years following the Date of Termination hereof, he shall not directly or indirectly: (i) hire or attempt to hire any employee of the Company,
or induce, entice, encourage or solicit any employee of the Company to leave his or her employment, or (ii) contact, communicate or solicit any distributor or customer of the Company for the purpose of causing them to terminate or alter or
amend their business relationship with the Company to the Company’s detriment. 
 10.2(a) The Executive hereby specifically
acknowledges and agrees that: 
  

	 	(1)	The Company has expended and will continue to expend substantial time, money and effort in developing its business; 

 

	 	(2)	The Executive will, in the course of his employment, be personally entrusted with and exposed to Confidential Information; 

 

	 	(3)	The Company, is presently, and after the Date of Termination will be, engaged in its highly competitive business; 

 

	 	(4)	The Executive could, after having access to the Company’s financial records, contracts, and other Confidential Information and know-how and, after receiving
training by and experience with the Company, become a competitor; 

  

	 	(5)	The Company will suffer great loss and irreparable harm if the Executive terminates his employment and enters, directly or indirectly, into competition with the
Company; 

  
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	 	(6)	The temporal and other restrictions contained in this Section 10 are in all respects reasonable and necessary to protect the business goodwill, trade
secrets, prospects and other reasonable business interests of the Company; 

  

	 	(7)	The enforcement of this Agreement in general, and of this Section 10 in particular, will not work an undue or unfair hardship on the Executive or otherwise
be oppressive to him; it being specifically acknowledged and agreed by the Executive that he has activities and other business interests and opportunities which will provide him adequate means of support if the provisions of this
Section 10 are enforced after the Termination Date; and 

  

	 	(8)	The enforcement of this Agreement in general, and of this Section 10 in particular, will neither deprive the public of needed goods or services nor
otherwise be injurious to the public. 

 (b) The Executive agrees that if an arbitrator (pursuant
to Section 11.12 hereof) or the United States District Court for the Southern District of Texas – Houston Division determines that the length of time or any other restriction, or portion thereof, set forth in this
Section 10 is overly restrictive and unenforceable, the arbitrator or the United States District Court for the Southern District of Texas – Houston Division shall reduce or modify such restrictions to those which it deems reasonable
and enforceable under the circumstances, and as so reduced or modified, the parties hereto agree that the restrictions of this Section 10 shall remain in full force and effect. The Executive further agrees that if an arbitrator or the
United States District Court for the Southern District of Texas –Houston Division determines that any provision of this Section 10 is invalid or against public policy, the remaining provisions of this Section 10 and the
remainder of this Agreement shall not be affected thereby, and shall remain in full force and effect. 
 (c) In
the event of any pending, threatened or actual breach of any of the covenants or provisions of Sections 7, 8, 9 or 10 hereof, as determined by the United States District Court for the Southern District of Texas –
Houston Division, it is understood and agreed by the Executive that the remedy at law for a breach of any of the covenants or provisions of these Sections may be inadequate and, therefore, the Company shall be entitled to a restraining order or
injunctive relief in addition to any other remedies at law and in equity, as determined by the United States District Court for the Southern District of Texas – Houston Division. Should the United States District Court for the Southern District
of Texas – Houston Division or an arbitrator (pursuant to Section 11.12 hereof) declare any provision of Sections 7, 8, 9 or 10 hereof to be unenforceable due to an unreasonable restriction of duration or
geographical area, or for any other reason, such court or arbitrator is hereby granted the consent of each of the Executive and the Company to reform such provision and/or to grant the Company any relief, at law or in equity, reasonably necessary to
protect the reasonable business interests of the Company or any of its Affiliates. The Executive hereby acknowledges and agrees that all of the covenants and other provisions of Sections 7, 8, 9 or 10 hereof are
reasonable and necessary for the protection of the Company’s reasonable business interests. The Executive hereby agrees that if the Company prevails in any action, suit or proceeding with respect to any matter arising out of or in connection
with Sections 7, 8, 9  

  
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or 10 hereof, the Company shall be entitled to all equitable and legal remedies, including, but not limited to, injunctive relief and compensatory damages, as determined by the United
States District Court for the Southern District of Texas – Houston Division. 
 (d) It is acknowledged,
understood and agreed by and between the parties hereto that the covenants made by the Executive in this Section 10 are essential elements of this Agreement and that, but for the agreement of the Executive to comply with such covenants,
the Company would not have entered into this Agreement. 
  

	11.	Miscellaneous. 

 11.1
Notices. All notices and other communications required or permitted hereunder or necessary or convenient in connection herewith shall be in writing and shall be deemed to have been given when (i) delivered by hand, (ii) in the case
of deliveries to the Company only, by facsimile transmission, or (ii) on the third business day following deposit in the United States mail by registered or certified mail, return receipt requested, to the addresses as follows (provided that
notice of change of address shall be deemed given only when received): 
 If to the Company to: 

Omega Protein Corporation 
 2105 City West Boulevard, Suite 500 
 Houston, Texas 77042-2838

 Attention: Corporate Secretary 

Facsimile: (713) 940-6122 
 If to the Executive to: 
 The address on file with the
Company on the date hereof. 
 or to such other names or addresses as the Company or the Executive, as the case may be, shall designate by
notice to the other party hereto in the manner specified in this Section 11.1. 
 11.2 Waiver of Breach. The
waiver by any party hereto of a breach of any provision of this Agreement shall neither operate nor be construed as a waiver of any subsequent breach by any party. Except as expressly provided for herein, the failure of either party hereto to take
any action by reason of any breach will not deprive such party of the right to take action at any time while such breach occurs. 
 11.3 Assignment. This Agreement shall be binding upon and inure to the benefit of the Company, its successors, legal representatives and assigns, and upon the Executive, his heirs, executors,
administrators, representatives and assigns; provided, however, the Executive agrees that his rights and obligations hereunder are personal to him and may not be assigned without the express written consent of the Company. Any reference to
“Company” herein shall mean the Company as well as any successors thereto. 

  
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 11.4 Entire Agreement; No Oral Amendments. This Agreement replaces all previous
agreements and discussions relating to the same or similar subject matter between the Executive and the Company (including the Prior Agreement) and constitutes the entire agreement between the Executive and the Company with respect to the subject
matter of this Agreement. This Agreement does not amend, and is not intended to affect or replace, the Indemnification Agreement dated June 11, 2004, previously entered into by the Executive and the Company. This Agreement may not be modified
in any respect by any verbal statement, representation or agreement made by any executive, officer, or representative of the Company or by any written agreement unless signed by an officer of the Company who is expressly authorized by the Company to
execute such document. 
 11.5 Enforceability. If any provision of this Agreement or application thereof to anyone or
under any circumstances shall be determined to be invalid or unenforceable, such invalidity or unenforceability shall not affect any other provisions or applications of this Agreement which can be given effect without the invalid or unenforceable
provision or application. 
 11.6 Choice of Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF TEXAS, WITHOUT REGARD TO THE PRINCIPLES OF CONFLICTS OF LAW. 
 11.7 Corporate Authority.
The Company has all corporate power and authority necessary to enter into this Agreement and to perform its obligations hereunder. This Agreement has been duly authorized, executed and delivered by the Company. 

11.8 No Third Party Beneficiaries. This Agreement is not intended, and shall not be construed, deemed or interpreted, to confer on
any person not a party hereto any rights or remedies hereunder. 
 11.9 Withholdings. The Company may withhold and deduct
from any benefits and payments made or to be made pursuant to this Agreement (a) all federal, state, local and other taxes as may be required by law and (b) all other employee deductions for Employee Health and Welfare Plans made with
respect to all of the Company’s employees generally. Other than as set forth in the preceding sentence, the Company’s obligations to make the payments provided for in, and otherwise to perform its undertakings in, this Agreement shall not
be affected by any right of set-off, counterclaim, recoupment, defense or other action, claim or right the Company may have against the Executive or others. 
 11.10 Alienation. The right to receive payments under this Agreement shall not be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge or encumbrance by the
Executive, his dependents or beneficiaries, or to any other person who is or may become entitled to receive such payments hereunder. The right to receive payments hereunder shall not be subject to or liable for the debts, contracts, liabilities,
engagements or torts of any person who is or may become entitled to receive such payments, nor may the same be subject to attachment or seizure by any creditor of such person under any circumstances, and any such attempted attachment or seizure
shall be void and of no force and effect. 
 11.11 Title and Headings; Construction. Titles and headings to Sections
hereof are for the purpose of reference only and shall in no way limit, define or otherwise affect the provisions hereof. The words “herein”, “hereof”, “hereunder” and other
compounds of the word “here” shall refer to the entire Agreement and not to any particular provision hereof. 

  
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 11.12 Arbitration. 

(a) If any dispute or controversy arises between the Executive and the Company relating to (1) this Agreement in any
way or arising out of the parties’ respective rights or obligations under this Agreement, or (2) the employment of the Executive or the termination of his employment with the Company, then such dispute or controversy shall be submitted to
arbitration under the then-current Commercial Arbitration Rules of the American Arbitration Association (the “AAA”); provided, however, the Company shall retain its rights to seek from the United States District Court for the
Southern District of Texas – Houston Division a restraining order or injunctive relief pursuant to Section 10.2 hereof. Any arbitration hereunder shall be conducted before a panel of three arbitrators unless the parties mutually
agree that the arbitration shall be conducted before a single arbitrator. The arbitrators shall be selected (from lists provided by the AAA) through mutual agreement of the parties, if possible. If the parties fail to reach agreement upon
appointment of arbitrators within ten (10) calendar days following receipt by one party of the other party’s notice of desire to arbitrate, then within five (5) calendar days following the end of such 10-day period, each party shall
select one arbitrator who, in turn, shall within five (5) calendar days jointly select the third arbitrator to comprise the arbitration panel hereunder. The site for any arbitration hereunder shall be in Houston, Texas, unless otherwise
mutually agreed by the parties, and the parties hereby waive any objection that the forum is inconvenient. 
 (b)
The party submitting any matter to arbitration shall do so in accordance with the AAA Commercial Arbitration Rules. Notice to the other party shall state the question or questions to be submitted for decision or award by arbitration. In order to
prevent irreparable harm, the arbitrator may grant temporary or permanent injunctive or other equitable relief for the protection of property rights. 
 (c) The arbitrator shall set the date, time and place for each hearing, and shall give the parties advance written notice in accordance with the AAA Commercial Arbitration Rules. Any party may be
represented by counsel or other authorized representative at any hearing. The arbitration shall be governed by the Federal Arbitration Act, 9 U.S.C. Sections 1 et. seq. (or its successor). The arbitrator shall apply the substantive law and the law
of remedies, if applicable, of the State of Texas to the claims asserted to the extent that the arbitrator determines that federal law is not controlling. 
 (d) (1) Any award of an arbitrator shall be final and binding upon the parties to such arbitration, and each party shall immediately make such changes in its conduct or provide such monetary payment or
other relief as such award requires. The parties agree that the award of the arbitrator shall be final and binding and shall be subject only to the judicial review permitted by the Federal Arbitration Act. 

  
 12 

 (2) The parties hereto agree that the arbitration award may be entered with
any court having jurisdiction and the award may then be enforced as between the parties, without further evidentiary proceedings, the same as if entered by the court at the conclusion of a judicial proceeding in which no appeal was taken. The
Company and the Executive hereby agree that a judgment upon any award rendered by an arbitrator may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. 

(e) All compensation, fees, costs and expenses of the arbitrators and the arbitration shall be paid by the Company. To the
extent Section 409A of the Code applies to the Company’s payment of such amounts as nonqualified deferred compensation, the amount shall only be paid or reimbursed to the Executive if incurred within 15 years from the Executive’s
separation from service, such amounts shall be paid within 30 days after the Executive provides reasonable documentation of such expenses but in no event later than the end of the calendar year following the calendar year in which such expenses were
incurred, any amount paid in one calendar year shall not reduce the amount payable in a subsequent year and any amount paid shall not be used to reduce any other amount payable to the Executive. 

11.13 Survival of Certain Provisions. Wherever appropriate to the intention of the parties hereto, the respective rights and
obligations of the parties shall survive any termination of this Agreement. 
 11.14 Tax Matters. The parties intend for
this Agreement to be exempt from and/or comply with the requirements of Section 409A of the Code so that no excise tax under Section 409A of the Code shall apply to any amounts payable hereunder, and shall interpret and/or implement the
terms and conditions of this Agreement to effectuate such intent; provided, however, that neither the Company nor any of its Affiliates nor any officer, director, employee or agent of any of the foregoing hereby represent or warrant to the Executive
the tax consequences to the Executive of this amendment and restatement of the Prior Agreement or of any payments or benefits provided to the Executive hereunder (including with respect to any excise taxes applicable under Section 409A of the
Code). In this regard, the amounts payable to the Executive under this Agreement are intended to be exempt from or, if subject to, comply with the requirements of Section 409A of the Code, and the provisions of this Agreement shall be construed
and interpreted in accordance with such intent. To the extent required under Section 409A of the Code, the termination of the Executive’s employment hereunder shall mean a “separation of service” within the meaning and for
purposes of Section 409A of the Code. Notwithstanding anything herein to the contrary, if the Executive is a “specified employee” within the meaning of Section 409A of the Code on the date of his separation from service, any
payments or benefits hereunder that are subject to Section 409A of the Code and not otherwise excluded from Section 409A of the Code, payable on account of the Executive’s separation from service, including, but not limited to, any
payments under Section 11.12(e) hereof, as determined by tax counsel agreed to by the Company and the Executive, will not be paid until the later of the first business day that is at least six months after the Executive’s
separation from service or the date otherwise required under this Agreement (the “Waiting Period”). Any payments that would have been made to the Executive during the Waiting Period but for this provision shall instead be
paid to the Executive in the form of a lump sum payment on the date payments commence pursuant to the preceding sentence. 

  
 13 

 11.15 Counterparts. Any number of counterparts of this Agreement may be executed and
each such counterpart shall be deemed to be an original instrument, but all such counterparts together shall constitute but one instrument. This Agreement may be executed by portable document format (pdf) or facsimile signature which signature shall
be binding upon the parties. 
 [Signature page follows] 

  
 14 

 IN WITNESS WHEREOF, the undersigned, intending to be legally bound, have executed this
Agreement as of the date first written above. 
  

			
	OMEGA PROTEIN CORPORATION
		
	By:	 	             /s/ John D.
Held

		 	John D. Held
		 	 Executive Vice President and

General Counsel

	
	

  

			
	“EXECUTIVE”
		
	By:	 	             /s/ Joseph L. von Rosenberg
III

		 	Joseph L. von Rosenberg III

 [Signature page – Amended and Restated Employment Agreement]Employment Agreement between the Company and Bret Scholtes

 EXHIBIT 10.2 
 EMPLOYMENT AGREEMENT 
 This Employment Agreement dated and effective as of
January 1, 2012 (this “Agreement”) is entered into by and between Omega Protein Corporation, a Nevada corporation with headquarters in Houston, Texas (the “Company” or “Omega”), and Bret D.
Scholtes (the “Employee”). 
 WHEREAS, the Company desires to employ the Employee on the terms and conditions
set forth herein; and 
 WHEREAS, the Employee desires to be employed by the Company on such terms and conditions. 

NOW, THEREFORE, in consideration of the foregoing and the mutual provisions contained herein, and for other good and valuable
consideration, the parties hereto agree with each other as follows: 
 1. Employment. On the terms and subject to the
conditions set forth herein, the Company hereby employs the Employee and the Employee hereby accepts employment with the Company. The Employee will perform the duties, functions and services as assigned to him from time to time by the Board of
Directors of the Company or the Chairman of the Board. The Employee’s employment with the Company is employment “at will.” This Agreement does not, and the Employee hereby acknowledges that it does not, change or in any manner modify
the Employee’s employment status as employment “at will” with the Company. 
 2. Compensation and Other
Employee Benefits. As compensation for the Employee’s services hereunder, the Company will: 
  

	 	(a)	pay to the Employee an annual base salary (the “Base Salary”), subject to such withholdings or other deductions as may be required by applicable laws
or regulations, of Four Hundred and Fifty Thousand ($450,000) in accordance with the then current payroll policies of the Company; and 

  

	 	(b)	afford the Employee the right to be eligible to participate in Company employee benefit plans available to all employees generally or, if applicable, to all officers
generally, in a manner consistent with the participation of such other employees or, if applicable, officers, in accordance with the terms of such plans; provided, however, that the Company shall not be obligated to institute, maintain, or
refrain from changing, amending, or discontinuing, any such employee benefit plans; and 

	 	(c)	subject to the requirements of the business expense reimbursement policies and procedures of the Company as in effect from time to time, including without limitation,
the requirement of written documentation of expenses, and subject to Section 19 of this Agreement, reimburse the Employee for the reasonable out-of-pocket expenses he incurs in the course of performing his duties hereunder; and

  

	 	(d)	provide the Employee with paid vacation in accordance with then current Company policy, and any unused vacation shall be subject to the terms of the Company’s
then-current vacation policy, or if applicable, any vacation amount set forth in a written letter agreement between the Employee and the Company. 

 3. Termination of Employment.  
  

	 	(a)	For Due Cause. If the Company has Due Cause (as defined below) to terminate the Employee’s employment, the Company will be entitled to terminate the
Employee’s employment at any time by delivering written notice of that termination to the Employee, in which event (i) that termination will be effective immediately on the delivery of that notice, (ii) the Company will pay to the
Employee his Base Salary accrued and unpaid to the date of that termination, and (iii) all the rights and benefits the Employee may have under any Company employee benefit plans or stock option awards, stock grant awards or other equity based
incentive awards (“Equity Awards”) will be determined in accordance with the terms and conditions of those plans or Equity Awards. 

 “Due Cause” means (i) the material failure by the Employee to fulfill the Employee’s duties or the Employee’s misconduct or gross neglect in the performance of such duties,
(ii) the Employee’s material breach of, or otherwise material failure to comply with, the Company’s policies and procedures, (iii) the Employee’s commission of fraud, misappropriation, embezzlement or an act of moral
turpitude, or (iv) the Employee’s commission of any felony for which the Employee is convicted. For the purposes of this paragraph, the term “Company” includes subsidiaries of the Company. 

 

	 	(b)	Death or Disability. If the Employee dies or suffers a Disability (as defined below) (i) the Employee’s employment will terminate on the date of his
death or Disability, (ii) the Company will pay to the Employee or his estate the Employee’s Base Salary accrued and unpaid to the date on which he died or became disabled, and (iii) all the rights and benefits the Employee (or his
estate) may have under any Company employee benefit plans or Equity Awards will be determined in accordance with the terms and conditions of those plans or Equity Awards. 

  
 2 

 “Disability” means the Employee is entitled to receive long-term
disability benefits under the Company’s long-term disability plan, or if there is no such plan, the Employee’s inability, due to physical or mental incapacity, to substantially perform his duties and responsibilities under this Agreement
for ninety (90) consecutive days out of any three hundred sixty-five (365) day period. 
  

	 	(c)	Termination by the Employee. The Employee may terminate his Employment with the Company at any time for any reason by providing at least fourteen
(14) days’ prior written notice to the Company, in which event (i) the Company will pay to the Employee his Base Salary accrued and unpaid to the date the employment terminates, and (ii) all the rights and benefits the Employee
may have under any Company employee benefit plans or Equity Awards will be determined in accordance with the terms and conditions of those plans or Equity Awards. 

 

	 	(d)	 Involuntary Termination by Company. The Company will be entitled to terminate the Employee’s employment at any time for any reason. If the
Company terminates the Employee’s employment for any reason other than Due Cause, death or Disability (i) the Company will pay to the Employee (A) his Base Salary accrued and unpaid to the date of termination and (B) subject to
Section 3(f) of this Agreement, as severance, an amount equal to one (1) times his then current Base Salary to be paid in a cash lump sum payment within five (5) days after the date that the Employee has executed the Release
described in Section 3(f) and such Release has become effective (but in any event no later than 2
 1/2 months after the end of the calendar year in
which such termination occurs), and (ii) all the rights and benefits the Employee may have under any Company employee benefit plans or Equity Awards will be determined in accordance with the terms and conditions of those plans or Equity Awards.

  

	 	(e)	 Involuntary Termination by Company following a Change of Control. Notwithstanding any other provision contained herein, and in lieu of any
payment under Section 3(d), if the Company or its successor terminates the Employee’s employment for any reason other than Due Cause, death or Disability, within twelve (12) months following a Change of Control (as defined
below) (i) the Company will pay to the Employee (A) his Base Salary accrued and unpaid to the date of termination and (B) subject to Section 3(f) of this Agreement, as severance, an amount equal to two (2) times his
then current Base Salary to be paid in a cash lump sum payment within five (5) days after the Employee has executed the Release described in Section 3(f) and such Release has become effective (but in any event no later than 2
 1/2 months after the end of the calendar year in
which such termination occurs), and (ii) all the rights and benefits the Employee may have under any Company employee benefit plans or Equity Awards will be determined in accordance with the terms and conditions of those plans or Equity Awards.

  
 3 

 “Change of Control” means that point in time which: 

(a) a person, entity or group (as such terms are defined in Sections 13(d) and 14(d)(2) of the Securities Exchange Act of 1934), directly
or indirectly acquires beneficial ownership (as defined in Section 13(d) of the Securities Exchange Act) of thirty percent (30%) or more of the then outstanding shares of common stock of the Company as a result of such acquisition
(provided, however, that such Change of Control does not occur solely as a result of a reduction in the number of shares of Company common stock outstanding due to a repurchase of Company common stock by the Company or its subsidiaries), or

 (b) during a twenty-four (24) consecutive month period a majority of the members of the Board of Directors of the
Company is replaced by Directors not endorsed by the persons who were members of the Board before the new Directors’ appointment. 
  

	 	(f)	The Company’s obligation to make any payments under Section 3(d) or Section 3(e) of this Agreement is conditioned on Employee’s
execution and delivery of the Company’s then standard form Release of Claims Agreement in favor of the Company and its subsidiaries and affiliates and any of the employees, officers, directors and agents of the foregoing and such Release
becoming effective within seven (7) days following the date of termination or such other shorter time as expressly provided in the Release. To the extent any amount payable under Section 3(d) or (e) of this Agreement is
subject to Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), if the period during which the Employee has discretion to execute or revoke the general release of claims straddles two taxable years of the
Employee, then the Company shall make the severance payments starting in the second of such taxable years, regardless of which taxable year the Employee actually delivers the executed general release of claims to the Company. The Employee may not,
directly or indirectly, designate the calendar year of payment. 

  

	 	(g)	Resignation of All Other Positions. Upon termination of the Employee’s employment hereunder for any reason, the Employee shall be deemed to have resigned
from all positions that the Employee holds as an officer, manager or member of the board of directors (or a committee thereof) of the Company and its subsidiaries and affiliates. 

 

	 	(h)	Termination of Employment. Upon the termination of the Employee’s employment with the Company, its subsidiaries and affiliates, the Company shall have no
obligation to pay any other amount except as expressly provided herein. 

  
 4 

 4. Intellectual Property. The Employee agrees to and hereby assigns to the Company
all of the Employee’s rights to ideas, concepts, processes, inventions, improvements and developments, patentable or unpatentable, including the right to invoke the benefit of the right of priority provided by any International Convention for
the Company to invoke and claim such right or priority (collectively, “Intellectual Property”), without further written or oral authorization, which, during the period of the Employee’s employment by the Company (including
prior to the date of this Agreement), the Employee has made or conceived or hereafter may make or conceive, whether solely or jointly with others: (a) with the use of the Company’s time, materials, or facilities; (b) resulting from or
suggested by the Employee’s work for the Company; or (c) in any way appertaining to any subject matter which shall be within the existing or contemplated business of the Company. All such Intellectual Property shall automatically be deemed
to become the property of the Company immediately as soon as made or conceived. The Employee’s obligation to assign the rights to such Intellectual Property shall survive the discontinuance or termination of the Employee’s employment for
any reason. 
 The Employee agrees to promptly disclose to the Company any Intellectual Property that the Employee develops or
conceives. The Employee agrees to make and maintain adequate written records of any Intellectual Property in the form of notes, sketches, drawings or reports. These records shall be and remain the property to the Company at all times. 

At any time requested by the Company, either during employment or after, and without charge to the Company, but at its expense, the
Employee agrees to execute, acknowledge and deliver all such further papers, including applications for patents, and to perform such other lawful acts as, in the opinion of the Company, may be necessary to obtain or maintain patents for such
Intellectual Property in any and all countries and to vest title thereto in the Company. 
 Upon termination of employment with
the Company, the Employee agrees to return to the Company all property of the Company of which the Employee has had custody and to deliver to the Company all notebooks and other data relating to research or experiments conducted by the Employee or
any Intellectual Property made by the Employee and to make full disclosure relating to such research, experiments or Intellectual Property relating to the products, processes or methods of manufacture of the Company or otherwise covered by this
Agreement. 
 5. Confidentiality. The Employee realizes that in the course of his employment, the Company has
already revealed and will necessarily continue to reveal to the Employee, or that the Employee has already developed and may develop, proprietary, secret or confidential information in connection with the Company’s business. The Employee hereby
agrees: 
  

	 	a.	To keep in strictest confidence during and subsequent to the Employee’s employment all information identified as secret or confidential or which, from the
circumstances, in good faith and conscience should be treated as confidential, relating to the products, machines, methods, or manufacture, composition, inventions, discoveries or trade secrets or secret processes, price lists, sales plans,
marketing strategies, logical flow diagrams, including computer programs, customer lists, business plans, internal memoranda, manuals, business forms or any other information of the business or affairs of the Company (collectively,
“Confidential Information”) which the Employee may acquire or develop in connection with or as a result of his employment. 

  
 5 

	 	b.	Except as instructed by the Company during his employment, the Employee will not use any Confidential Information and without the prior written consent of the Company,
the Employee will not directly or indirectly publish, communicate, divulge or describe to any unauthorized person or patent any such information during the period of his employment with the Company or at any time subsequent thereto.

  

	 	c.	This covenant shall not apply to information already in the public domain other than as a result of any violation, directly or indirectly, of this Agreement by the
Employee, or information which has been released to the public by the Company. 

 6. Covenant Not to
Compete. The Employee agrees and acknowledges that due to the Confidential Information, and personal contacts with the customers, prospective customers, and employees of the Company, which the Employee has already acquired and will continue to
acquire during the course of his employment by the Company, that the Company would be irreparably damaged should the Employee in any way enter into competition with the Company. Therefore, the Employee agrees that at all times during his employment
by the Company and for a period of three (3) years following the termination of employment for any reason that neither the Employee nor any Affiliate (as defined below) will, without the prior written consent of the Company: 

 

	 	a.	Either directly or indirectly, (i) become financially interested in a Competing Enterprise (as defined below) (other than as a holder of less than five percent
(5%) of the outstanding voting securities of any entity whose voting securities are listed on a national securities exchange), or (ii) engage in or be employed by any Competing Enterprise as a consultant, officer, director, or executive or
employee, or any other capacity; or 

  

	 	b.	Either directly or indirectly, contact, communicate or solicit any distributor or customer of the Company for the purpose of causing them to terminate or alter or amend
their business relationship with the Company to the Company’s detriment; or 

  

	 	c.	Either directly or indirectly, on the Employee’s own behalf or in the service or on behalf of others (whether a Competing Enterprise or not), knowingly solicit,
divert, or hire away, or attempt to solicit, divert, or hire away, any person employed by the Company or any of its subsidiaries, whether or not such employee is a full-time or a temporary employee of the Company or any of its subsidiaries and
whether or not such employment is pursuant to written agreement and whether or not such employment is at will. 

  
 6 

 The parties agree and acknowledge that the restrictions contained in this section are
reasonable, and necessary to protect the Company’s legitimate interests in its customers, accounts and other secret and confidential information. 
 Each party agrees that if a court of law determines that this covenant is unreasonable as to time, geographic area, or scope of activity, that the Company and the Employee shall be deemed to have
consented to, and are deemed to have requested, reformation of this covenant by such court to the extent necessary to make such covenant reasonable. 
 For the purposes of this Section 6: 
 “Affiliate”
means any person or entity directly or indirectly controlled by the Employee. As used herein, the word “control” means the power to direct the management and affairs of a person. 

“Competing Enterprise” means any individual, business, firm, company, partnership, joint venture, organization, or other
entity that is primarily engaged in the business of producing or selling fish meal, fish oil, or fish solubles. 
 7.
Equitable Remedies. The Employee agrees that it would be impossible or inadequate to measure and calculate the Company’s damages from any breach of the covenants set forth in this Agreement. Accordingly, the Employee agrees that if he
breaches this Agreement, the Company will have available, in addition to any other right or remedy available, the right to obtain an injunction from a court of competent jurisdiction restraining such breach or threatened breach and to seek specific
performance of any such provision of the Agreement. The Employee further agrees that no bond or other security shall be required in obtaining such equitable relief and the Employee hereby consents to the issuance of such injunction and to the
ordering of specific performance. 
 8. Notices. All notices, requests, demands and other communications given under or
by reason of this Agreement must be in writing and will be deemed given when delivered in person or when mailed, by certified mail (return receipt requested), postage prepaid, addressed as follows or to such other address as a party may specify by
notice pursuant to this provision: 
  

					
	If to the Company:	  	 Omega Protein Corporation

2105 City West Blvd, Suite 500
 Houston, Texas 77042
 Attn: General Counsel
	  	
			
	If to the Employee:	  	To the last address on file with the Company	  	

 9. Governing Law; Venue This Agreement will be governed by and construed in accordance with the
substantive laws (other than the rules governing conflicts of laws) of the State of Texas. Both parties expressly consent to the personal jurisdiction of the state and federal courts located in Texas for any lawsuit filed there arising from or
relating to this Agreement. Both parties expressly agree that any lawsuit pertaining to any dispute or controversy arising out of or relating to any interpretation, construction, performance or breach of this Agreement shall be filed in Harris
County, Texas. 

  
 7 

 10. Term. The term of this Agreement shall continue in effect until an event
specified in Section 3 shall have occurred, at which point the provisions of that section will control and after the completion of the requirements of such provisions and Sections 4, 5 and 6 of this Agreement, this
Agreement will terminate. 
 11. Entire Agreement and Amendments. This Agreement contains the entire agreement of the
Employee and the Company relating to the matters contained herein and supersedes all prior agreements and understandings, oral or written, between the Employee and the Company with respect to the subject matter hereof. This Agreement may not be
amended or modified except by an agreement in writing signed by both parties. 
 12. Headings. The headings of sections
and subsections hereof are included solely for convenience of reference and will not control the meaning or interpretation of any of the provisions hereof. 
 13. Tax Withholding. Notwithstanding any other provision hereof, the Company may withhold from amounts payable hereunder all federal, state, local and foreign taxes that are required to be withheld
by applicable laws or regulations. 
 14. Separability. If any provision of this Agreement is rendered or declared
illegal, invalid or unenforceable by reason of any existing or subsequently enacted legislation or by the final judgment of any court of competent jurisdiction, the Employee and the Company will promptly meet and negotiate substitute provisions for
those rendered or declared illegal or unenforceable to preserve the original intent of this Agreement to the extent legally possible, but all other provisions of this Agreement shall remain in full force and effect. 

15. Assignments. The Company may assign this Agreement to any person or entity succeeding to all or substantially all the business
interests of the Company by merger or otherwise without the consent of the Employee. The rights and obligations of the Employee under this Agreement are personal to him, and none of those rights, benefits or obligations will be subject to voluntary
or involuntary alienation, assignment or transfer. 
 16. Effect of Agreement. Subject to the provisions of
Section 15 with respect to assignments, this Agreement will be binding on the Employee and his heirs, executors, administrators, legal representatives and assigns and on the Company and its successors and assigns. 

17. Execution. This Agreement may be executed in multiple counterparts, each of which will be deemed an original and all of which
will constitute one and the same agreement. 
 18. Waiver of Breach. The waiver by either party to this Agreement of a
breach of any provision of the Agreement by the other party will not operate or be construed as a waiver by the waiving party of any subsequent breach by the other party. 

  
 8 

 19. Code Section 409A.

 

	 	(a)	This Agreement is intended to comply with Section 409A of the Code to the extent any payment hereunder constitutes nonqualified deferred compensation under
Section 409A of the Code. 

  

	 	(b)	The Company shall undertake to administer, interpret, and construe this Agreement in a manner that does not result in the imposition on the Employee of any additional
tax, penalty, or interest under Section 409A of the Code and to comply with Code Section 409A to the extent it is applicable and any term (whether or not defined herein) shall have the meaning required of such term in Code
Section 409A to the extent it is applicable. 

  

	 	(c)	If the Company determines in good faith that any provision of this Agreement would cause the Employee to incur an additional tax, penalty, or interest under
Section 409A of the Code, the Board of Directors of the Company (or its delegate) in its sole discretion may reform such provision, if possible, to maintain to the maximum extent practicable the original intent of the applicable provision
without violating the provisions of Section 409A of the Code or causing the imposition of such additional tax, penalty, or interest under Section 409A of the Code. 

 

	 	(d)	The preceding provisions, however, shall not be construed as a guarantee by or responsibility of the Company, or any of its subsidiaries or affiliates, or any of the
directors, officers, employees or agents of any of the foregoing of any particular tax effect or consequences to the Employee under this Agreement. The Company shall not be liable to the Employee for any payment made under this Agreement that is
determined to result in an additional tax, penalty, or interest under Section 409A of the Code, nor for reporting in good faith any payment made under this Agreement as an amount includible in gross income under Section 409A of the Code.

  

	 	(e)	With respect to any reimbursement of expenses of the Employee, as specified under this Agreement, such reimbursement of expenses shall be subject to the following
conditions: (1) the expenses eligible for reimbursement in one taxable year shall not affect the expenses eligible for reimbursement in any other taxable year; (2) the reimbursement of an eligible expense shall be made no later than the
end of the year after the year in which such expense was incurred; and (3) the right to reimbursement shall not be subject to liquidation or exchange for another benefit. 

 

	 	(f)	“Termination of employment,” “resignation,” or words of similar import, as used in this Agreement means, for purposes of any payments under this
Agreement that are payments of nonqualified deferred compensation subject to Section 409A of the Code, the Employee’s “separation from service” as defined in Section 409A of the Code. 

  
 9 

	 	(g)	If the Employee is a “specified employee” as such term is defined under Section 409A of the Code on the date of the Employee’s termination of
employment and if the benefit to be provided under Section 3(d) or (e) of this Agreement or otherwise under this Agreement is subject to Section 409A of the Code and is payable on account of a termination of employment, payment
in respect of such benefit shall not commence until the first business day that is six months after the Employee’s termination date and shall otherwise be paid as provided in this Agreement. 

 

	 	(h)	For the purposes of Code Section 409A, the right to a series of installment payments under this Agreement shall be treated as a right to a series of separate
payments but only to the extent such treatment is permitted under Code Section 409A. 

  
 10 

 IN WITNESS WHEREOF, the Employee and the Company have executed this Agreement effective as
of the date first written above. 
  

			
	OMEGA PROTEIN CORPORATION
		
	By:	 	/s/ John D. Held
	 Name: John D. Held

Title: Executive Vice President

  

			
	EMPLOYEE
		
	 	 	/s/ Bret D. Scholtes
	Bret D. Scholtes

  
 11

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