Document:

EX-10.32

 Exhibit 10.32 

Restoration Robotics, Inc. 

1383 Shore Bird Way 

Mountain View, CA 94043 

650-965-3612 

September 4, 2008 
 Gabe Zingaretti 

Dear Gabe: 
 On behalf of Restoration Robotics,
Inc. (the “Company”). I am pleased to offer you the position of Senior Software Engineer, reporting to Shehrzad Qureshi, the Company’s Director of Software Engineering. 

1. Compensation. In this exempt position, you will earn a starting annual salary of $140,000, subject to applicable tax
withholding. Your salary will be payable biweekly in accordance with the Company’s regular payroll policy. 
 2. Employee
Benefits. 
 a. Paid Time Off. You will be eligible to accrue paid vacation at the full-time rate of ten
(10) hours per calendar month, up to a maximum accrual of 240 hours. In addition, you will be eligible to accrue paid sick leave at the rate of 5 hours per calendar month, up to a maximum of 80 hours. 

b. Group Plans. The Company will provide you with the opportunity to participate in the standard benefits plans currently
available to other similarly situated employees, including medical, dental, vision, life insurance, Section 125 flexible benefits, and 401(k) retirement plans, subject to any eligibility requirements imposed by such plans. 

3. Equity Award. 

a. Stock Option. In connection with the commencement of your employment, the Company will recommend that the Board of Directors
grant you a stock option (the “Option”) to purchase 50,000 shares of the Company’s Common Stock with an exercise price equal to the fair market value on the date of the grant. The Option shares will vest at the rate of 1/4th of the total number of shares on the first anniversary of your employment start date and 1/48th of the total number of shares each month
thereafter. Vesting will, of course, depend on your continued employment with the Company. The Option will be an incentive stock option to the maximum extent allowed by the tax code and will be subject to the terms of the Company’s 2005 Stock
Plan and the Stock Option Agreement between you and the Company. 

 4. Pre-employment Conditions. 

a. Confidentiality Agreement. Your acceptance of this offer and commencement of employment with the Company is contingent upon
the execution, and delivery to an officer of the Company, of the Company’s Confidential Information and Invention Assignment Agreement, a copy of which is enclosed for your review and execution (the “Confidentiality
Agreement”), prior to or on your Start Date. 
 b. Right to Work. For purposes of federal immigration law, you will
be required to provide to the Company documentary evidence of your identity and eligibility for employment in the United States. Such documentation must be provided to us within three business days of your Start Date, or our employment relationship
with you may be terminated. 
 c. Verification of Information. This offer of employment is also contingent upon the successful
verification of the information you provided to the Company during your application process, as well as a general background check performed by the Company to confirm your suitability for employment. By accepting this offer of employment, you
warrant that all information provided by you is true and correct to the best of your knowledge, and you expressly release the Company from any claim or cause of action arising out of the Company’s verification of such information. You have a
right to review copies of any public records obtained by the Company in conducting this verification process unless you check the box below. 

5. No Conflicting Obligations. You understand and agree that by accepting this offer of employment, you represent to the Company
that your performance will not breach any other agreement to which you are a party and that you have not, and will not during the term of your employment with the Company, enter into any oral or written agreement in conflict with any of the
provisions of this letter or the Company’s policies. You are not to bring with you to the Company, or use or disclose to any person associated with the Company, any confidential or proprietary information belonging to any former employer or
other person or entity with respect to which you owe an obligation of confidentiality under any agreement or otherwise. The Company does not need and will not use such information and we will assist you in any way possible to preserve and protect
the confidentiality of proprietary information belonging to third parties. Also, we expect you to abide by any obligations to refrain from soliciting any person employed by or otherwise associated with any former employer and suggest that you
refrain from having any contact with such persons until such time as any non-solicitation obligation expires. 
 6. General
Obligations. As an employee, you will be expected to adhere to the Company’s standards of professionalism, loyalty, integrity, honesty, reliability and respect for all. Please note that the Company is an equal opportunity employer. The
Company does not permit, and will not tolerate, the unlawful discrimination or harassment of any employees, consultants, or related third parties on the basis of sex, race, color, religion, age, national origin or ancestry, marital status, veteran
status, mental or physical disability or medical condition, sexual orientation, pregnancy, childbirth or related medical condition, or any other status protected by applicable law. Any questions regarding this EEO statement should be directed to
Human Resources. 

  
 -2- 

 7. At-Will Employment. Your employment with the Company will be on an “at
will” basis, meaning that either you or the Company may terminate your employment at any time for any reason or no reason, without further obligation or liability. The Company also reserves the right to modify or amend the terms of your
employment at any time for any reason. This policy of at-will employment is the entire agreement as to the duration of your employment and may only be modified in an express written agreement signed by the Chief Executive Officer of the Company.

 We are pleased to be able to extend you this offer and look forward to working with you. To indicate your acceptance of the
Company’s offer, please sign and date this letter in the space provided below and return it to me, along with a signed and dated original copy of the Confidentiality Agreement, on or before September 5, 2008. The Company requests that you
begin work in this new position on or before September 22, 2008. This letter, together with the Confidentiality Agreement, set forth the terms of your employment with the Company and supersede any prior representations or agreements, whether
written or oral. This letter will be governed by the laws of California, without regard to its conflict of laws provisions. This letter may not be modified or amended except by a written agreement, signed by an officer of the Company. 

 

			
	Very truly yours,
	
	RESTORATION ROBOTICS, INC.
		
	By:	 	 /s/ Mohan Bodduluri

	Name:	 	 Mohan Bodduluri

	Title:	 	 VP, R&D

  

			
	ACCEPTED AND AGREED:
	
	 Gabriole Zingaretti

Signature

	
	 09/04/2008

Date

 GZ I hereby waive my right to receive any public records as described above. 

Attachment A: Confidential Information and Invention Assignment Agreement 

  
 -3- 

 Attachment A 

Confidential Information and Invention Assignment Agreement 

 CONFIDENTIAL INFORMATION AND 

INVENTION ASSIGNMENT AGREEMENT 

As a condition of my becoming employed (or my employment being continued) by or retained as a consultant (or my consulting relationship being
continued) by Restoration Robotics, Inc., a Delaware corporation (“Restoration Robotics”) or any of its current or future subsidiaries, affiliates, successors or assigns (collectively, the “Company”), and in consideration
of my employment or consulting relationship with the Company and my receipt of the compensation now and hereafter paid to me by the Company, I agree to the following: 

1. Employment or Consulting Relationship. I understand and acknowledge that this Agreement does not alter, amend or expand upon
any rights I may have to continue in the employ of, or in a consulting relationship with, or the duration of my employment or consulting relationship with, the Company under any existing agreements between the Company and me or under applicable law.
Any employment or consulting relationship between the Company and me, whether commenced prior to or upon the date of this Agreement, shall be referred to herein as the “Relationship.” 

2. Duties. I will perform for the Company such duties as may be designated by the Company from time to time. During the
Relationship, I will devote my best efforts to the interests of the Company and will not engage in other employment or in any activities detrimental to the best interests of the Company except as specifically provided in the Relationship or without
the prior written consent of the Company; provided that, the Company acknowledges and agrees that I will continue to participate in those activities in which I am already engaged, including without limitation, serving as an expert or
consultant in connection with litigation matters, designing, filing and licensing to third parties patents and other intellectual property for technologies unrelated to cosmetic and reconstructive surgery and participating in activities that
maintain and improve my reputation and credibility as an expert in your field; provided further, that such activities shall not interfere with my duties and obligations as an officer of the Company. 

3. At-Will Relationship. I understand and acknowledge that my Relationship with the Company is and shall continue to be
at-will, as defined under applicable law, meaning that either I or the Company may terminate the Relationship at any time for any reason or no reason, without further obligation or liability. 

4. Confidential Information. 

(a) Company Information. I agree at all times during the term of my Relationship with the Company and thereafter to hold in
strictest confidence and not to use, except for the benefit of the Company to the extent necessary to perform my obligations to the Company under the Relationship, or to disclose to any person, firm, corporation or other entity without written
authorization of the Board of Directors of the Company, any Confidential Information of the Company which I obtain or create. I further agree not to make copies of such Confidential Information except as authorized by the Company. I understand that
“Confidential 

  
 -5- 

 Information” means any Company proprietary information, technical data, trade secrets or know-how,
including, but not limited to, research, product plans, products, services, suppliers, customer lists and customers (including, but not limited to, customers of the Company on whom I called or with whom I became acquainted during the Relationship),
prices and costs, markets, software, developments, inventions, laboratory notebooks, processes, formulas, technology, designs, drawings, engineering, hardware configuration information, marketing, licenses, finances, budgets or other business
information disclosed to me by the Company either directly or indirectly in writing, orally or by drawings or observation of parts or equipment or created by me and within the field of cosmetic and reconstructive surgery during the period of the
Relationship, whether or not during working hours. Confidential Information shall exclude, and my obligations under this Agreement shall not apply to, information which: 
  

	 	(i)	is in the public domain or is generally known or available; 

  

	 	(ii)	hereafter becomes part of the public domain or is generally known or available through no violation of this Agreement or any other duty or agreement of confidentiality; 

 

	 	(iii)	was known to me or in my possession prior to Company’s disclosure hereunder; 

  

	 	(iv)	is, to my knowledge, lawfully acquired by me from any third party not bound by an obligation of confidence to the Company; 

  

	 	(v)	is independently developed by or for me without using the Confidential Information of the Company; or 

  

	 	(vi)	is required to be disclosed by me pursuant to judicial action or governmental regulations or other legal requirements; provided, however, that in such circumstances, I shall reasonably notify Company in writing prior to
making such disclosure and shall cooperate with Company (at Company’s expense) in the event that the Company elects to contest and avoid such disclosure. 

(d) Prior Obligations. I represent that my performance of all terms of this Agreement as an employee or consultant of the
Company has not breached and will not breach any agreement to keep in confidence proprietary information, knowledge or data acquired by me prior or subsequent to the commencement of my Relationship with the Company, and I will not disclose to the
Company or use any inventions, confidential or non-public proprietary information or material belonging to any previous client, employer or any other party. I will not induce the Company to use any inventions, confidential or non-public proprietary
information, or material belonging to any previous client, employer or any other party. 
 (e) Third Party Information. I
recognize that the Company has received and in the future will receive confidential or proprietary information from third parties subject to a 

  
 -6- 

 duty on the Company’s part to maintain the confidentiality of such information and to use it only for
certain limited purposes. I agree to hold all such confidential or proprietary information in the strictest confidence and not to disclose it to any person, firm or corporation or to use it except as necessary in carrying out my work for the Company
consistent with the Company’s agreement with such third party. 
 5. Inventions. 

(a) Inventions Retained and Licensed. I have attached hereto, as Exhibit A, a list describing all inventions, original
works of authorship, developments, improvements, and trade secrets which were made by me prior to the commencement of the Relationship (collectively referred to as “Prior Inventions”), which belong solely to me or belong to me
jointly with another, which relate to any of the Company’s proposed businesses, products or research and development, and which have not been assigned to the Company hereunder; or, if no such list is attached, I represent that there are no such
Prior Inventions. If, in the course of my Relationship with the Company, I incorporate into a Company product, process or machine a Prior Invention owned by me or in which I have an interest, the Company is hereby granted and shall have a
non-exclusive, royalty-free, irrevocable, perpetual, worldwide license (with the right to sublicense) to make, have made, copy, modify, make derivative works of, use, sell and otherwise distribute such Prior Invention as part of or in connection
with such product, process or machine. 
 (b) Assignment of Inventions. I agree that I will promptly make full written
disclosure to Restoration Robotics, will hold in trust for the sole right and benefit of Restoration Robotics, and hereby assign to Restoration Robotics, or its designee, all my right, title and interest throughout the world in and to any and all
inventions, original works of authorship, developments, concepts, know-how, improvements or trade secrets, whether or not patentable or registrable under copyright or similar laws, which I may solely or jointly conceive or develop or reduce to
practice, or cause to be conceived or developed or reduced to practice, during the period of my Relationship with the Company (collectively referred to as “Inventions”) that are related to the field of cosmetic and reconstructive
surgery (the “Assigned Scope”), except as specifically provided herein. I further acknowledge that all Inventions which are made by me (solely or jointly with others) within the Assigned Scope and during the period of my Relationship with
the Company are “works made for hire” (to the greatest extent permitted by applicable law) and are compensated by my salary (if I am an employee) or by such amounts paid to me under any applicable consulting agreement or consulting
arrangements (if I am a consultant), unless regulated otherwise by the mandatory law of the state of California. 
 (c) Maintenance of
Records. I agree to keep and maintain reasonably adequate and current written records of all Inventions within the Assigned Scope made by me (solely or jointly with others) during the term of my Relationship with the Company. The records may
be in the form of notes, sketches, drawings, flow charts, electronic data or recordings, laboratory notebooks, and any other format. The records will be available to and remain the sole property of the Company at all times. I agree not to remove
such records from the Company’s place of business except as expressly permitted by Company policy which may, 

  
 -7- 

 from time to time, be revised at the sole election of the Company for the purpose of furthering the
Company’s business. I agree to return all such records (including any copies thereof) to Restoration Robotics at the time of termination of my Relationship with the Company as provided for in Section 6. 

(d) Patent and Copyright Rights. I agree to assist Restoration Robotics, or its designee, at its expense, in every proper way to
secure Restoration Robotics’, or its designee’s, rights in the Elected Inventions and any copyrights, patents, trademarks, mask work rights, moral rights, or other intellectual property rights relating thereto in any and all countries,
including the disclosure to Restoration Robotics or its designee of all pertinent information and data with respect thereto, the execution of all applications, specifications, oaths, assignments, recordations, and all other instruments which
Restoration Robotics or its designee shall deem necessary in order to apply for, obtain, maintain and transfer such rights, or if not transferable, waive such rights, and in order to assign and convey to Restoration Robotics or its designee, and any
successors, assigns and nominees the sole and exclusive rights, title and interest in and to such Elected Inventions, and any copyrights, patents, mask work rights or other intellectual property rights relating thereto. I further agree that my
obligation to execute or cause to be executed, when it is in my power to do so, any such instrument or papers shall continue after the termination of this Agreement until the expiration of the last such intellectual property right to expire in any
country of the world. If Restoration Robotics or its designee is unable because of my mental or physical incapacity or unavailability or for any other reason to secure my signature to apply for or to pursue any application for any United States or
foreign patents, copyright, mask works or other registrations covering Inventions or original works of authorship assigned to Restoration Robotics or its designee as above, then I hereby irrevocably designate and appoint Restoration Robotics and its
duly authorized officers and agents as my agent and attorney in fact, to act for and in my behalf and stead to execute and file any such applications and to do all other lawfully permitted acts to further the application for, prosecution, issuance,
maintenance or transfer of letters patent, copyright or other registrations thereon with the same legal force and effect as if originally executed by me. I hereby waive and irrevocably quitclaim to Restoration Robotics or its designee any and all
claims, of any nature whatsoever, which I now or hereafter have for infringement of any and all Elected Inventions assigned to Restoration Robotics or such designee. 

(e) Exception to Assignments. I understand that the provisions of this Agreement requiring assignment of Inventions to
Restoration Robotics do not apply to any invention which qualifies fully under the provisions of California Labor Code Section 2870 (attached hereto as Exhibit B). I will advise the Company promptly in writing of any inventions that I
believe meet such provisions and are not otherwise disclosed on Exhibit A. 
 6. Company Property; Returning Company
Documents. I acknowledge and agree that I have no expectation of privacy with respect to the Company’s telecommunications, networking or information processing systems (including, without limitation, stored company files, e-mail
messages and voice messages) and that my activity and any files or messages on or using any of those systems may be monitored at any time without notice. I further agree that any property situated on the Company’s premises and owned by the
Company, including disks and 

  
 -8- 

 
other storage media, filing cabinets or other work areas, is subject to inspection by Company personnel at any time with or without notice. I agree that, at the time of termination of my
Relationship with the Company, I will deliver to the Company (and will not keep in my possession, recreate or deliver to anyone else) any and all devices, records, data, notes, reports, proposals, lists, correspondence, specifications, drawings,
blueprints, sketches, laboratory notebooks, materials, flow charts, equipment, other documents or property, or reproductions of any of the aforementioned items developed by me pursuant to the Relationship or otherwise belonging to the Company, its
successors or assigns. In the event of the termination of the Relationship, I agree to sign and deliver the “Termination Certification” attached hereto as Exhibit C; however, my failure to sign and deliver the Termination
Certificate shall in no way diminish my continuing obligations under this Agreement. 
 7. Notification to Other Parties. 

(a) Employees. In the event that I leave the employ of the Company, I hereby consent to notification by the Company to my new
employer about my rights and obligations under this Agreement. 
 (b) Consultants. I hereby grant consent to notification by
the Company to any other parties besides the Company with whom I maintain a consulting relationship, including parties with whom such relationship commences after the effective date of this Agreement, about my rights and obligations under this
Agreement. 
 8. Solicitation of Employees, Consultants and Other Parties. I agree that during the term of my Relationship
with the Company, and for a period of twenty-four (24) months immediately following the termination of my Relationship with the Company for any reason, whether with or without cause, I shall not either directly or indirectly solicit, induce,
recruit or encourage any of the Company’s employees or consultants to terminate their relationship with the Company, or attempt to solicit, induce, recruit, encourage or take away employees or consultants of the Company, either for myself or
for any other person or entity. Further, during my Relationship with the Company and at any time following termination of my Relationship with the Company for any reason, with or without cause, I shall not use any Confidential Information of the
Company to attempt to negatively influence any of the Company’s clients or customers from purchasing Company products or services or to solicit or influence or attempt to influence any client, customer or other person either directly or
indirectly, to direct his or its purchase of products and/or services to any person, firm, corporation, institution or other entity in competition with the business of the Company. 

9. Representations and Covenants. 

(a) Facilitation of Agreement. I agree to execute promptly any proper oath or verify any proper document required to carry out
the terms of this Agreement upon the Company’s written request to do so. 
 (b) Conflicts. I represent that my
performance of all the terms of this Agreement does not and will not breach any agreement I have entered into, or will enter into with 

  
 -9- 

 
any third party, including without limitation any agreement to keep in confidence proprietary information acquired by me in confidence or in trust prior to commencement of my Relationship with
the Company. I agree not to enter into any written or oral agreement that conflicts with the provisions of this Agreement. 
 (c)
Voluntary Execution. I certify and acknowledge that I have carefully read all of the provisions of this Agreement and that I understand and will fully and faithfully comply with such provisions. 

10. General Provisions. 

(a) Governing Law. The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of
the State of California, without giving effect to the principles of conflict of laws. 
 (b) Entire Agreement. This Agreement
sets forth the entire agreement and understanding between the Company and me relating to the subject matter herein and merges all prior discussions between us. No modification or amendment to this Agreement, nor any waiver of any rights under this
Agreement, will be effective unless in writing signed by both parties. Any subsequent change or changes in my duties, obligations, rights or compensation will not affect the validity or scope of this Agreement. 

(c) Severability. If one or more of the provisions in this Agreement are deemed void by law, then the remaining provisions will
continue in full force and effect. 
 (d) Successors and Assigns. This Agreement will be binding upon my heirs, executors,
administrators and other legal representatives, and my successors and assigns, and will be for the benefit of the Company, its successors, and its assigns. 

(e) Survival. The provisions of this Agreement shall survive the termination of the Relationship and the assignment of this
Agreement by the Company to any successor in interest or other assignee. 
 (f) Remedies. Company and I acknowledge and agree
that violation of this Agreement by either Party may cause the non-violating Party irreparable harm, and therefore the Parties agree that the non-violating Party will be entitled to seek extraordinary relief in court, including but not limited to
temporary restraining orders, preliminary injunctions and permanent injunctions without the necessity of posting a bond or other security and in addition to and without prejudice to any other rights or remedies that the non-violating Party may have
for a breach of this Agreement. 
 (g) ADVICE OF COUNSEL. I ACKNOWLEDGE THAT, IN EXECUTING THIS AGREEMENT, I HAVE HAD THE
OPPORTUNITY TO SEEK THE ADVICE OF INDEPENDENT LEGAL COUNSEL, AND I HAVE READ AND UNDERSTOOD ALL OF THE TERMS AND PROVISIONS OF THIS AGREEMENT. THIS AGREEMENT SHALL NOT BE CONSTRUED AGAINST ANY PARTY BY REASON OF THE DRAFTING OR PREPARATION HEREOF.

  
 -10- 

 [Signature Page Follows] 

  
 -11- 

 The parties have executed this Agreement on the respective dates set forth below: 

 

			
	COMPANY:
	
	Restoration Robotics, Inc.
		
	By:	 	/s/ Michael Herrick
		
	Name:	 	 Michael Herrick

		
	Title:	 	 Director, HR

		
	 Date:
	 	 5/8/17

 1383 Shore Bird Way 
 Mountain
View, CA 94043 

			
	EMPLOYEE:
	
	 Gabe Zingaretti

	an Individual:
	
	 /s/ Gabe Zingaretti

	Signature
		
	 Date:
	 	  

		
	 Address:
	 	  

	
	  

 

  
 -12- 

 EXHIBIT A 

LIST OF PRIOR INVENTIONS 

AND ORIGINAL WORKS OF AUTHORSHIP 

EXCLUDED UNDER SECTION 5 
  

							
	 Country
	  	 Title
	  	 Registration No.
	  	 Application No.

		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	

         No inventions or improvements 

        Additional Sheets Attached 

Signature of Employee/Consultant:
                                     

Print Name of Employee/Consultant:
                                
                                        Date:

 EXHIBIT B 

Section 2870 of the California Labor Code is as follows: 

(a) Any provision in an employment agreement which provides that an employee shall assign, or offer to assign, any of his or her rights in an
invention to his or her employer shall not apply to an invention that the employee developed entirely on his or her own time without using the employer’s equipment, supplies, facilities, or trade secret information except for those inventions
that either: 
 (1) Relate at the time of conception or reduction to practice of the invention to the employer’s business, or actual or
demonstrably anticipated research or development of the employer; or 
 (2) Result from any work performed by the employee for the employer.

 (b) To the extent a provision in an employment agreement purports to require an employee to assign an invention otherwise excluded from
being required to be assigned under subdivision (a), the provision is against the public policy of this state and is unenforceable. 

  
 -2- 

 EXHIBIT C 

TERMINATION CERTIFICATION 

This is to certify that, to my knowledge, I do not have in my possession, nor have I failed to return, any devices, records, data, notes,
reports, proposals, lists, correspondence, specifications, drawings, blueprints, sketches, laboratory notebooks, flow charts, materials, equipment, other documents or property, or copies or reproductions of any aforementioned items belonging to
Restoration Robotics, Inc., its subsidiaries, affiliates, successors or assigns (together the “Company”). 
 I further
certify that I have complied with all the terms of the Company’s Confidential Information and Invention Assignment Agreement signed by me, including the reporting of any inventions and original works of authorship (as defined therein),
conceived or made by me (solely or jointly with others) covered by that agreement. 
 I further agree that, in compliance with the
Confidential Information and Invention Assignment Agreement, I will preserve as confidential all trade secrets, confidential knowledge, data or other proprietary information relating to products, processes, know-how, designs, formulas, developmental
or experimental work, computer programs, data bases, other original works of authorship, customer lists, business plans, financial information or other subject matter pertaining to any business of the Company or any of its employees, clients,
consultants or licensees. 
 I further agree that for twenty-four (24) months from the date of this Certificate, I shall not either
directly or indirectly solicit, induce, recruit or encourage any of the Company’s employees or consultants to terminate their relationship with the Company, or attempt to solicit, induce, recruit, encourage or take away employees or consultants
of the Company, either for myself or for any other person or entity. Further, I shall not at any time use any Confidential Information of the Company to negatively influence any of the Company’s clients or customers from purchasing Company
products or services or to solicit or influence or attempt to influence any client, customer or other person either directly or indirectly, to direct his or its purchase of products and/or services to any person, firm, corporation, institution or
other entity in competition with the business of the Company. 
 Date:
                                     

 

	
	  

	(Employee’s Signature)
	
	  

	(Type/Print Employee’s Name)

  
 -3- 

 RESTORATION ROBOTICS, INC. 

AMENDMENT TO EMPLOYMENT AGREEMENT 

This Amendment to the Employment Agreement between Restoration Robotics, Inc. (the “Company”) and Gabe Zingaretti
(“Employee”) dated September 4, 2008 (the “Agreement”) is made and effective as of December 12, 2013 between the Company and Employee (the “Amendment”). 

WHEREAS, the Company has entered into the Agreement with Employee; and 

WHEREAS, the Company and Employee wish to amend the Agreement upon and subject to the terms and conditions contained herein. 

NOW, THEREFORE, the Company and Employee agree that the Agreement shall be amended as follows: 

Amendment. A new Section 8(A) shall be added to the Agreement to read as follows: 

“8. Severance: Accelerated Vesting. 

(a) In the event your employment is terminated without “Cause” (as defined in the Company’s 2005 Stock Plan) or you resigned
for “Good Reason” (as defined below), you will be entitled to receive as severance: (i) a total of two months of continued base salary and benefits if the termination occurs after September 4, 2013 and before September 4,
2014, (ii) a total of four months of continued base salary and benefits if the termination occurs on or after September 4, 2014 and before September 4, 2015, and (iii) a total of six months of continued base salary and benefits
if the termination occurs on or after September 4, 2015. 
 (b) In addition, if your employment is terminated without “Cause”
or you resigned for “Good Reason” in connection with or during the one-year period following a Change of Control (as defined in the Company’s 2005 Stock Plan), then 100% of the then unvested shares under the Option shall vest
immediately. 
 (c) For purposes of this Agreement, your voluntary resignation will be deemed to be for “Good Reason” if it
results from any of the following: (i) without your express written consent, the significant reduction of your duties, authority or responsibilities (taken as a whole), relative to your duties, authority or responsibilities as in effect
immediately prior to such reduction: (ii) a material reduction by the Company, without your express written consent, in your base salary as in effect immediately prior to such reduction (other than in connection with a general reduction of base
salaries applicable to all employees in similar positions); (iii) a material reduction by the Company, without your express written consent, in the kind of level of employee benefits to which you were entitled immediately prior to such
reduction with the result that your overall benefits package is significantly reduced (other than in connection with a 

 
general reduction of benefits applicable to all employees in similar positions); (iv) the relocation of your primary work location to a facility or a location more than 50 miles from your
then present location, without your express written consent; or (v) the failure of the Company to obtain the assumption of this Agreement by any successors. 

(d) In all cases, the foregoing several and acceleration of vesting benefits shall be subject to your execution of a general release of claims
in form and substance reasonable satisfactory to the Company.” 
 1. Full Force and Effect. To the extent not expressly amended
hereby, the Agreement remains in full force and effect. 
 2. Entire Agreement. This Amendment, together with the Agreement (to the
extent not amended hereby) and all exhibits thereto represent the entire agreement of the parties and shall supersede any and all previous contracts, arrangements or understandings between the parties with respect to the subject matter herein. 

3. Governing Law. This Amendment shall be governed by and construed and interpreted under the laws of the State of California without
reference to conflicts of law principles. 
 4. Modification. This Amendment may not be altered, amended or modified in any way
except by written consent of the Company and Employee. Waiver of any term or provision of this Amendment or forbearance to enforce any term or provision by any party shall not constitute a waiver as to any subsequent breach or failure of the same
term or provision or a waiver of any other term or provisions of this Amendment. 
 5. Counterparts. This Amendment may be executed
in counterparts, each of which shall be declared an original, but all of which together shall constitute one and the same instrument. 
 IN WITNESS
WHEREOF, this Amendment has been entered into as of the date first set forth above. 
  

			
	RESTORATION ROBOTICS, INC.
		
	By:	 	 /s/ James McCollum

	Name: James McCollum
	Title Chief Executive Officer

			
	EMPLOYEE
		
	By:	 	 /s/ Gabe Zingaretti

	Name: Gabe Zingaretti

 

 EXHIBIT B 

CHANGE OF CONTROL AND SEVERANCE PLAN 
  

	 	•	 	Eligibility: All Vice President level employees upon hiring or promotion to such position. 

  

	 	•	 	Change of Control Benefit: Full acceleration of all unvested options if terminated without “cause” or resignation for “good reason” within 12 months of a change of control event. Applies to
all option grants. 

  

	 	•	 	Severance Benefit: Lump sum cash payment and continuation of benefit in an amount and time dependent on time as service as Vice President 

 

	 	•	 	Lump sum payment of 2 months’ salary and 2 months continuation of company sponsored benefits if provided service as Vice President for at least 12 months but less than 24 months 

 

	 	•	 	Lump sum payment of 4 months’ salary and 4 months continuation of company sponsored benefits if provided service as Vice President for at least 24 months but less than 36 months 

 

	 	•	 	Lump sum payment of 6 months’ salary and 6 months continuation of company sponsored benefits if provided service as Vice President for 36 months or greater 

Approved in the Apr 10, 2014 BOD Meeting 

  
 8EX-10.33

 Exhibit 10.33 

TRANSITION AND SEPARATION AGREEMENT 

This Transition and Separation Agreement (the “Agreement”) by and between James W. McCollum (“Executive”)
and Restoration Robotics, Inc. (the “Company”) is made effective eight (8) days after Executive’s signature hereto (the “Effective Date”). Any reference to the Company throughout this Agreement shall
include the Company, its subsidiaries and any successors thereto. 
 A. Executive’s employment with the Company and status as an
officer, director and employee of the Company and each of its affiliates will end effective upon the Termination Date (as defined below). 

B. Executive and the Company want to end their relationship amicably and also to establish the obligations of the parties including, without
limitation, all amounts due and owing to Executive. 
 C. The payments and benefits being made available to Executive pursuant to this
Agreement are intended to satisfy all outstanding obligations under that certain employment offer letter agreement by between Executive and the Company, dated as of October 23, 2005 (the “Employment Agreement”). 

NOW, THEREFORE, in consideration of the mutual covenants and agreements hereinafter set forth, the parties agree as follows: 

1. Termination Date. Executive acknowledges and agrees that his status as an officer, a member of the board of directors
and employee of the Company will end effective as of the close of business on December 30, 2016, unless terminated earlier by the Company for any reason (such date, the “Termination Date”). Executive hereby agrees to execute
such further document(s) as shall be determined by the Company as necessary or desirable to give effect to the termination of Executive’s status as an officer of the Company; provided that such documents shall not be inconsistent with
any of the terms of this Agreement. 
 2. Transition Services. 

(a) Transition Period. During the period of time (the “Transition Period”) commencing on the Effective
Date and ending on the Termination Date, Executive shall be available to provide services to the Company as the Company’s Chief Executive Officer, on an exclusive basis, and shall provide such services (the “Transition
Services”) as are customary for a Chief Executive Officer and as may be requested by the Company’s Board of Directors from time to time. During the Transition Period, Executive reaffirms his commitment to remain in compliance with that
certain Confidential Information and Invention Assignment Agreement entered into between Executive and the Company (the “Confidentiality Agreement”), it being understood that the term “employment” as used in the
Confidentiality Agreement shall include the Transition Services during the Transition Period. Executive acknowledges and agrees that, during the Transition Period, Executive shall not, directly or indirectly, become employed by or provide assistance
to any competitor of the Company. 
 (b) Salary and Benefits Continuation. During the Transition Period, Executive
will continue to be paid his base salary at the rate in effect on the Effective Date, reimbursement of commuting expenses as set forth in Employment Agreement, accrue paid vacation and be eligible for all employee benefit plans generally available
to executives of 

  
 1 

 
the Company through the Termination Date; provided, however, that Executive shall not be eligible for any annual performance bonus for fiscal year 2016. All payments made to Executive during the
Transition Period will be subject to standard payroll deductions and withholdings. 
 (c) Equity Awards. During the
Transition Period, Executive’s options to purchase shares of Company common stock (collectively, “Equity Awards”) shall continue to vest and, if applicable, become exercisable and the restrictions thereupon lapse in accordance
with their original vesting schedules, subject to Executive continuing to provide the Transition Services to the Company. Subject to Section 4(c) below, in the event Executive ceases to provide the Transition Services, Executive’s unvested
Equity Awards shall be forfeited as of the date of such complete cessation of services. Notwithstanding the foregoing, in the event of a Change of Control (as defined in the Employment Agreement), the vesting and exercisability of the Equity Awards
shall automatically accelerate as to fifty percent (50%) of the then-unvested shares subject thereto, subject to Executive continuing to provide services to the Company through the date the Change of Control is consummated. 

(d) Monthly Transition Bonus. For each calendar month of service Executive completes during the Transition Period,
effective March 1, 2016, Executive shall be paid $20,000, less applicable withholdings and deductions, in accordance with the Company’s standard payroll practices. Such monthly cash payment shall be pro-rated for any partial service during
the calendar month in which the Transition Period ends. Executive is only eligible for the monthly cash bonus so long as Executive provides the Transition Services to the reasonable satisfaction of the Company, as determined by the Company’s
board of directors in good faith; once the Transition Period has been terminated, Executive shall no longer be eligible to receive any monthly cash bonus. The final monthly transition bonus will be paid in full to Executive within ten
(10) business days from last full day of employment. 
 (e) Protection of Information. Executive agrees that,
during the Transition Period and thereafter, Executive will not, except for the purposes of performing the Transition Duties, seek to obtain any confidential or proprietary information or materials of the Company. 

3. Final Paycheck; Payment of Accrued Wages and Expenses. 

(a) Final Paycheck. As required by law, the Company will pay Executive within seventy two (72) hours of the
Termination Date all accrued but unpaid base salary and all accrued and unused vacation earned through the Termination Date, subject to standard payroll deductions and withholdings. Executive is entitled to these payments regardless of whether
Executive executes this Agreement or a Release of Claims. 
 (b) Business Expenses. Executive agrees that, within ten
(10) business days after the Termination Date, Executive will submit Executive’s final documented expense reimbursement statement reflecting all business expenses Executive incurred through the Termination Date, if any, for which Executive
seeks reimbursement. The Company will reimburse Executive for these expenses pursuant to its regular business practice. 
 4.
Separation Payments and Benefits. Without admission of any liability, fact or claim, the Company hereby agrees, subject to Executive’s execution of this Agreement and, on 

  
 2 

 
or within thirty (30) days following the Termination Date, the General Release of Claims attached hereto as Exhibit A (the “Release of Claims”) and Executive’s
performance of his continuing obligations pursuant to this Agreement, the Employment Agreement and the Confidentiality Agreement, to provide Executive the severance benefits set forth below (unless Executive was terminated for Cause prior to the end
of the Transition Period, in which case, Executive shall not be eligible for the benefits described in this Section 4). Specifically, the Company and Executive agree as follows: 

(a) Severance. The Company shall continue to pay to Executive his base salary at the rate in effect as of immediately
prior to the Termination Date for the Severance Period (as defined below). Such payments shall be made in accordance with the Company’s standard payroll practices, less applicable withholdings and deductions, with each payment deemed to be a
separate payment for purposes of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). The first such payment shall commence on the first payroll date following the date the Release of Claims becomes
effective and irrevocable, which shall include amounts otherwise due and payable under this Section 4(a) on or before such date. Further, and consistent with and in full satisfaction of Executive’s Employment Agreement, the Company will
directly pay or reimburse Executive for COBRA premiums following the Termination Date as set forth herein in Section 4(b) below and stock option vesting will be accelerated as set forth herein in Section 4(c) below. For purposes of this
Agreement, the “Severance Period” shall mean the period of time commencing on the Termination Date and ending on the earlier of (i) the twelve (12)-month anniversary of the Termination Date and (ii) the date Executive
commences full-time employment with another employer. 
 (b) Healthcare Continuation Coverage. If Executive elects to
receive continued healthcare coverage pursuant to the provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), the Company shall directly pay, or reimburse Executive for, the premium for
Executive and Executive’s covered dependents through the earlier of (i) the first (1st) anniversary of the Termination Date or (ii) the date Executive and Executive’s
covered dependents, if any, become eligible for healthcare coverage under another employer’s plan(s). After the Company ceases to pay premiums pursuant to the preceding sentence, Executive may, if eligible, elect to continue healthcare coverage
at Executive’s expense in accordance with the provisions of COBRA. Executive acknowledges that he shall be solely responsible for all matters relating to Executive’s continuation of coverage pursuant to COBRA, including, without
limitation, Executive’s election of such coverage and his timely payment of premiums. 
 (c) Equity Awards: The
Company shall accelerate the vesting of each Equity Award held by Executive as of the Termination Date with respect to that number of unvested shares as otherwise would have vested had Executive continued employment with the Company for the twelve
(12)-month period immediately following the Termination Date. All Equity Awards shall otherwise remain subject in all respects to the restrictions of the applicable Equity Award agreements between the Executive and the Company and the Company’s
applicable equity incentive plan. All unvested shares subject to Equity Awards held by the Executive as of the Termination Date (after giving effect to the accelerated vesting provided under this Section 4(c)) shall terminate and be forfeited
as of the Termination Date. 
 (d) Taxes. Executive understands and agrees that all payments under this Agreement will
be subject to appropriate tax withholding and other deductions. To the 

  
 3 

 
extent any taxes may be payable by Executive for the benefits provided to him by this Agreement beyond those withheld by the Company, Executive agrees to pay them himself and to indemnify and
hold the Company and the other entities released herein harmless for any tax claims or penalties, and associated attorneys’ fees and costs, resulting from any failure by him to make required payments. To the extent that any reimbursements
payable pursuant to this Agreement are subject to the provisions of Section 409A of the Code, such reimbursements shall be paid to Executive no later than December 31 of the year following the year in which the expense was incurred, the
amount of expenses reimbursed in one year shall not affect the amount eligible for reimbursement in any subsequent year, and Executive’s right to reimbursement under this Agreement will not be subject to liquidation or exchange for another
benefit. 
 (e) Sole Separation Benefit. Executive agrees that the payments provided by this Section 4 are not
required under the Company’s normal policies and procedures and are provided as a severance solely in connection with this Agreement, the Employment Agreement and the Release of Claims. Thus, for any Company sponsored employee benefits not
referenced in this Agreement, Executive will be treated as a terminated employee effective on the Termination Date. This includes but is not limited to the Company’s 401(k) plan and Company sponsored life insurance and long-term disability
insurance. Executive acknowledges and agrees that the payments referenced in this Section 4 constitute adequate and valuable consideration, in and of themselves, for the promises contained in this Agreement and the Release of Claims. 

(f) Unemployment Benefits. After the Termination Date, Executive may apply for unemployment benefits. Whether Executive
receives benefits will be determined by the State. 
 5. Full Payment. Executive acknowledges that the payment and
arrangements herein shall constitute full and complete satisfaction of any and all amounts properly due and owing to Executive as a result of his employment with the Company and the termination thereof. Executive further acknowledges that, other
than the Confidentiality Agreement, this Agreement and the Release of Claims shall supersede each agreement entered into between Executive and the Company regarding Executive’s employment, including, without limitation, the Employment
Agreement, and each such agreement shall be deemed terminated and of no further effect as of the Termination Date. 
 6.
Executive’s Release of the Company. Executive understands that by agreeing to the release provided by this Section 6, Executive is agreeing not to sue, or otherwise file any claim against, the Company or any of its employees or
other agents for any reason whatsoever based on anything that has occurred as of the date Executive signs this Agreement. 

(a) On behalf of Executive and Executive’s heirs and assigns, Executive hereby releases and forever discharges the
“Releasees” hereunder, consisting of the Company and each of its owners, affiliates, divisions, predecessors, successors, assigns, shareholders, subsidiaries, agents, directors, officers, partners, employees, and insurers, and all
persons acting by, through, under or in concert with them, or any of them, of and from any and all manner of action or actions, cause or causes of action, in law or in equity, suits, debts, liens, contracts, agreements, promises, liability, claims,
demands, damages, loss, cost or expense, of any nature whatsoever, known or unknown, fixed or contingent (hereinafter called “Claims”), which Executive now has or may hereafter have against the Releasees, or any of them, by reason
of any matter, cause, or thing whatsoever from the beginning of time 

  
 4 

 
to the date hereof, including, without limiting the generality of the foregoing, any Claims arising out of, based upon, or relating to Executive’s hire, employment, remuneration or
resignation by the Releasees, or any of them, including without limitation any and all Claims arising under federal, state, or local laws relating to employment, claims of any kind that may be brought in any court or administrative agency, any
claims arising under the Age Discrimination in Employment Act (“ADEA”), as amended, 29 U.S.C. § 621, et seq.; the Title VII of the Civil Rights Act of 1964, as amended by the Civil Rights Act of 1991, 42 U.S.C. §
2000 et seq.; the Equal Pay Act, as amended, 29 U.S.C. § 206(d); the Civil Rights Act of 1866, 42 U.S.C. § 1981; the Family and Medical Leave Act of 1993, 29 U.S.C. § 2601 et seq.; the Americans with Disabilities Act of
1990, 42 U.S.C. § 12101 et seq.; the False Claims Act, 31 U.S.C. § 3729 et seq.; the Employee Retirement Income Security Act, as amended, 29 U.S.C. § 1001 et seq.; the Worker Adjustment and Retraining Notification
Act, as amended, 29 U.S.C. § 2101 et seq. the Fair Labor Standards Act, 29 U.S.C. § 215 et seq., the Sarbanes-Oxley Act of 2002; the California Fair Employment and Housing Act; the California Family Rights Act; the California
Labor Code; California Business & Professions Code Section 17200, ordinance or statute regarding employment; Claims any other local, state or federal law governing employment; Claims for breach of contract; Claims arising in tort,
including, without limitation, Claims of wrongful dismissal or discharge, discrimination, harassment, retaliation, fraud, misrepresentation, defamation, libel, infliction of emotional distress, violation of public policy, and/or breach of the
implied covenant of good faith and fair dealing; and Claims for damages or other remedies of any sort, including, without limitation, compensatory damages, punitive damages, injunctive relief and attorney’s fees. 

(b) Notwithstanding the generality of the foregoing, Executive does not release the following claims: 

(i) Claims for unemployment compensation or any state disability insurance benefits pursuant to the terms of applicable state
law; 
 (ii) Claims for workers’ compensation insurance benefits under the terms of any worker’s compensation
insurance policy or fund of the Company; 
 (iii) Claims to continued participation in certain of the Company’s group
benefit plans pursuant to the terms and conditions of COBRA; 
 (iv) Claims to any rights and benefits under this Agreement
or benefit entitlements vested as of the date of Executive’s employment termination, pursuant to written terms of any Company employee benefit plan, including, without limitation, the terms of any Company equity compensation plan and/or any
equity compensation agreement between Executive and the Company; 
 (v) Claims for indemnification under California Labor
Code Section 2802, the Company’s Certificate of Incorporation, the Company’s Bylaws, Delaware General Corporation Law or other applicable law, and under the terms of any policy of insurance purchased by the Company; and 

(vi) Executive’s right to bring to the attention of the Equal Employment Opportunity Commission claims of discrimination;
provided, however, that Executive does release Executive’s right to secure any damages for alleged discriminatory treatment. 

  
 5 

 (c) In accordance with the Older Workers Benefit Protection Act of 1990,
Executive has been advised of the following: Executive acknowledges that Executive is knowingly and voluntarily waiving and releasing any rights Executive may have under the ADEA. Executive also acknowledges that the consideration given for the
waiver and release herein is in addition to anything of value to which Executive was already entitled. Executive further acknowledges that Executive has been advised by this writing, as required by the ADEA, that: (i) Executive’s waiver
and release do not apply to any rights or claims that may arise after the execution date of this Agreement; (ii) Executive has been advised hereby that Executive has the right to consult with an attorney prior to executing this Agreement;
(iii) Executive has twenty-one (21) days from the date of this Agreement to execute this Agreement (although Executive may choose to voluntarily execute this Agreement earlier); (iv) Executive has seven (7) days following the
execution of this Agreement by Executive to revoke the Agreement, and Executive will not receive the transition benefits provided by Section 2 of the Agreement unless and until such seven (7) day period has expired; (v) this Agreement
will not be effective until the date upon which the revocation period has expired, which will be the eighth (8th) day after this Agreement is executed by Executive, provided that the
Company has also executed this Agreement by that date; and (vi) this Agreement does not affect Executive’s ability to test the knowing and voluntary nature of this Agreement. If Executive wishes to revoke this Agreement, Executive must
deliver notice of Executive’s revocation in writing, no later than 5:00 p.m. Pacific Time on the 7th day following Executive’s execution of this Agreement to Brian Cuneo, Latham & Watkins LLP, 140 Scott Drive, Menlo Park, CA
94025, fax: (650) 463-2600. 
 (d) EXECUTIVE ACKNOWLEDGES THAT EXECUTIVE HAS BEEN ADVISED OF AND IS FAMILIAR WITH THE
PROVISIONS OF CALIFORNIA CIVIL CODE SECTION 1542, WHICH PROVIDES AS FOLLOWS: 
 “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH
THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH, IF KNOWN BY HIM OR HER, MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” 

BEING AWARE OF SAID CODE SECTION, EXECUTIVE HEREBY EXPRESSLY WAIVES ANY RIGHTS EXECUTIVE MAY HAVE THEREUNDER, AS WELL AS UNDER ANY OTHER
STATUTES OR COMMON LAW PRINCIPLES OF SIMILAR EFFECT. 
 7. Mutual Non-Disparagement, Transition, Transfer of
Company Property; Confidentiality; and Job References. 
 (a) Mutual Non-Disparagement. Executive agrees that
Executive will not make statements or representations to any person, entity or firm which could reasonably be expected to cast the Company or any entity or employee affiliated with the Company in an unfavorable light or which could reasonably be
anticipated to adversely affect the name or reputation of the Company or any entity affiliated with the Company, or the name or reputation of any officer, agent or employee of the Company or of any entity affiliated with the Company; provided
that Executive will respond accurately and fully to any question, inquiry or request for information when required by legal process. The officers, directors, and managing agents of the Company agree to refrain from discussing or making any
derogatory or disparaging remarks or statements, oral or written, to any third parties 

  
 6 

 
concerning Executive in any manner likely to be harmful to Executive’s business reputation or personal reputation; provided that the Company officers, directors, and managing agents
will respond accurately and fully to any question, inquiry or request for information when required by legal process. 
 (b)
Transition. Each of the Company and Executive shall use their respective reasonable efforts to cooperate with each other in good faith to facilitate a smooth transition of Executive’s duties to other executive(s) of the Company. 

(c) Transfer of Company Property. Except as otherwise contemplated in this Agreement, on or before the Termination Date,
Executive shall turn over to the Company all files, memoranda, records, and other documents, and any other physical or personal property which are the property of the Company and which he had in his possession, custody or control at the time he
signed this Agreement. By executing and returning this Agreement and the Release of Claims, Executive is certifying that Executive has complied with Executive’s obligation herein to immediately return all Company documents and information
regardless of where Executive has maintained such Company property. Executive’s compliance with the terms of this Section 7(c) is a condition precedent to Executive’s eligibility to receive the payments and benefits described in
Section 4 above. 
 (d) Confidentiality. The provisions of this Agreement and the Release of Claims will be held
in strictest confidence by Executive and will not be publicized or disclosed in any manner whatsoever; provided, however, that: (i) Executive may disclose this Agreement to Executive’s immediate family; (ii) Executive may
disclose this Agreement and the Release of Claims in confidence to Executive’s attorneys, accountants, auditors, tax preparers, and financial advisors; and (iii) Executive may disclose this Agreement and the Release of Claims insofar as
such disclosure may be necessary to enforce its terms or as otherwise required by law. In particular, and without limitation, Executive agrees not to disclose the terms of this Agreement or the Release of Claims to any current or former Company
employee or independent contractor. 
 (e) Job References. Executive should direct any job reference inquiries to the
Company’s Human Resources. Pursuant to Company policy, in response to any such inquiries, the Company will provide only the position Executive held and the dates of employment. The Company will confirm Executive’s salary in response to any
such inquiry only if Executive submits a signed request to the Company to disclose such information. 
 8. Executive
Representations. Executive warrants and represents that (a) he has not filed or authorized the filing of any complaints, charges or lawsuits against the Company or any affiliate of the Company with any governmental agency or court, and that
if, unbeknownst to Executive, such a complaint, charge or lawsuit has been filed on his behalf, he will immediately cause it to be withdrawn and dismissed, (b) he has reported all hours worked as of the date of this Agreement and has been paid
all compensation, wages, bonuses, commissions, and/or benefits to which he may be entitled and no other compensation, wages, bonuses, commissions and/or benefits are due to him, except as provided in this Agreement, (c) he has no known
workplace injuries or occupational diseases and has been provided and/or has not been denied any leave requested under the Family and Medical Leave Act or any similar state law, (d) the execution, delivery and performance of this Agreement by
Executive does not and will not conflict with, breach, violate or cause a default under any agreement, contract or instrument to which Executive is a party or any judgment, order or decree to which Executive is subject, and (e) upon the
execution and delivery of 

  
 7 

 
this Agreement by the Company and Executive, this Agreement will be a valid and binding obligation of Executive, enforceable in accordance with its terms. 

9. No Assignment by Executive. Executive warrants and represents that no portion of any of the matters released herein,
and no portion of any recovery or settlement to which Executive might be entitled, has been assigned or transferred to any other person, firm or corporation not a party to this Agreement, in any manner, including by way of subrogation or operation
of law or otherwise. If any claim, action, demand or suit should be made or instituted against the Company or any other Releasee because of any actual assignment, subrogation or transfer by Executive, Executive agrees to indemnify and hold harmless
the Company and all other Releasees against such claim, action, suit or demand, including necessary expenses of investigation, attorneys’ fees and costs. In the event of Executive’s death, this Agreement shall inure to the benefit of
Executive and Executive’s executors, administrators, heirs, distributees, devisees, and legatees. None of Executive’s rights or obligations may be assigned or transferred by Executive, other than Executive’s rights to payments
hereunder, which may be transferred only upon Executive’s death by will or operation of law. 
 10. Governing
Law. This Agreement shall be construed and enforced in accordance with, and the rights of the parties shall be governed by, the laws of the State of California or, where applicable, United States federal law, in each case, without regard to any
conflicts of laws provisions or those of any state other than California. 
 11. Miscellaneous. This Agreement,
collectively with the Confidentiality Agreement and the General Release of Claims attached as Exhibit A hereto, comprise the entire agreement between the parties with regard to the subject matter hereof and supersedes, in their entirety, any
other agreements between Executive and the Company with regard to the subject matter hereof, including without limitation the Employment Agreement. The Company and Executive acknowledge that the termination of the Executive’s employment with
the Company is intended to constitute an involuntary separation from service for the purposes of Section 409A of the Code, and the related Department of Treasury regulations. Executive acknowledges that there are no other agreements, written,
oral or implied, and that he may not rely on any prior negotiations, discussions, representations or agreements. This Agreement may be modified only in writing, and such writing must be signed by both parties and recited that it is intended to
modify this Agreement. This Agreement may be executed in separate counterparts, each of which is deemed to be an original and all of which taken together constitute one and the same agreement. 

12. Company Assignment and Successors. The Company shall assign its rights and obligations under this Agreement to any
successor to all or substantially all of the business or the assets of the Company (by merger or otherwise). This Agreement shall be binding upon and inure to the benefit of the Company and its successors, assigns, personnel and legal
representatives. 
 13. Maintaining Confidential Information. Executive reaffirms his obligations under the
Confidentiality Agreement. Executive acknowledges and agrees that the payments provided in Section 4 above shall be subject to Executive’s continued compliance with Executive’s obligations under the Confidentiality Agreement. 

14. Executive’s Cooperation. Before, on and after the Termination Date, Executive agrees to cooperate fully with
the Company in its defense of or other participation in any administrative, judicial or other proceeding arising from any charge, complaint or other action which has been or may be filed. Upon Executive requests, with supporting invoices, Executive
will 

  
 8 

 
be reimbursed by the Company for reasonable out-of-pocket expenses incurred by Executive providing such cooperation. If Executive is named as a defendant or potential defendant in any claim
against the Company or Executive regarding Executive’s actions or inactions which occurred in the proper scope of Executive’s employment at the Company, the Company will provide Executive legal defense against such claim and shall
indemnify Executive against any potential liability arising under such claim to the extent permitted by law. 
 (Signature page(s) follow)

  
 9 

 IN WITNESS WHEREOF, the undersigned have caused this Transition and Separation Agreement to be
duly executed and delivered as of the date indicated next to their respective signatures below. 
  

									
	DATED: March 24, 2016                 	 		 	
		 		 		 		 	 /s/ James W. McCollum

		 		 		 		 	James W. McCollum
					
		 		 		 		 	RESTORATION ROBOTICS, INC.
	DATED: March 22, 2016                	 		 		 	
		 		 	By:	 		 	 /s/ Fred H. Moll

		 		 		 		 	Fred H. Moll
		 		 		 		 	Chairman of the Board

  
 S-1 

 EXHIBIT A 

GENERAL RELEASE OF CLAIMS 

This General Release of Claims (“Release”) is entered into as of
                , 201   , between James W. McCollum (“Executive”) and Restoration Robotics, Inc. (the “Company”)
(collectively referred to herein as the “Parties”), effective eight (8) days after Executive’s signature hereto (the “Effective Date”), unless Executive revokes his acceptance of this Release as provided
in Section 1(c), below. Any reference to the Company throughout this Release shall include the Company, its subsidiaries and any successors thereto. 

1. Executive’s Release of the Company. Executive understands that by agreeing to this Release, Executive is agreeing not to sue,
or otherwise file any claim against, the Company or any of its employees or other agents for any reason whatsoever based on anything that has occurred as of the date Executive signs this Release. 

(a) On behalf of Executive and Executive’s heirs and assigns, Executive hereby releases and forever discharges the
“Releasees” hereunder, consisting of the Company and each of its owners, affiliates, divisions, predecessors, successors, assigns, shareholders, subsidiaries, agents, directors, officers, partners, employees, and insurers, and all
persons acting by, through, under or in concert with them, or any of them, of and from any and all manner of action or actions, cause or causes of action, in law or in equity, suits, debts, liens, contracts, agreements, promises, liability, claims,
demands, damages, loss, cost or expense, of any nature whatsoever, known or unknown, fixed or contingent (hereinafter called “Claims”), which Executive now has or may hereafter have against the Releasees, or any of them, by reason
of any matter, cause, or thing whatsoever from the beginning of time to the date hereof, including, without limiting the generality of the foregoing, any Claims arising out of, based upon, or relating to Executive’s hire, employment,
remuneration or resignation by the Releasees, or any of them, including without limitation any and all Claims arising under federal, state, or local laws relating to employment, claims of any kind that may be brought in any court or administrative
agency, any claims arising under the Age Discrimination in Employment Act (“ADEA”), as amended, 29 U.S.C. § 621. et seq.; the Title VII of the Civil Rights Act of 1964, as amended by the Civil Rights Act of 1991, 42
U.S.C. § 2000 et seq.; the Equal Pay Act, as amended, 29 U.S.C. § 206(d); the Civil Rights Act of 1866, 42 U.S.C. § 1981; the Family and Medical Leave Act of 1993, 29 U.S.C. § 2601 et seq.; the Americans with
Disabilities Act of 1990, 42 U.S.C. § 12101 et seq.; the False Claims Act, 31 U.S.C. § 3729 et seq.; the Employee Retirement Income Security Act, as amended, 29 U.S.C. § 1001 et seq.; the Worker Adjustment and
Retraining Notification Act, as amended, 29 U.S.C. § 2101 et seq. the Fair Labor Standards Act, 29 U.S.C. § 215 et seq., the Sarbanes-Oxley Act of 2002; the California Fair Employment and Housing Act; the California Family
Rights Act; the California Labor Code; California Business & Professions Code Section 17200, ordinance or statute regarding employment; Claims any other local, state or federal law governing employment; Claims for breach of contract;
Claims arising in tort, including, without limitation, Claims of wrongful dismissal or discharge, discrimination, harassment, retaliation, fraud, misrepresentation, defamation, libel, infliction of emotional distress, violation of public policy,
and/or breach of the implied covenant of good faith and fair dealing; and Claims for damages or other remedies of any sort, including, without limitation, compensatory damages, punitive damages, injunctive relief and attorney’s fees. 

(b) Notwithstanding the generality of the foregoing, Executive does not release the following claims: 

 

  
 A-1 

 (i) Claims for unemployment compensation or any state disability insurance
benefits pursuant to the terms of applicable state law; 
 (ii) Claims for workers’ compensation insurance benefits
under the terms of any worker’s compensation insurance policy or fund of the Company; 
 (iii) Claims to continued
participation in certain of the Company’s group benefit plans pursuant to the terms and conditions of COBRA; 
 (iv)
Claims to any benefit entitlements vested as of the date of Executive’s employment termination, pursuant to written terms of any Company employee benefit plan, including, without limitation, the terms of any Company equity compensation plan
and/or any equity compensation agreement between Executive and the Company; 
 (v) Claims for indemnification under
California Labor Code Section 2802, the Company’s Certificate of Incorporation, the Company’s Bylaws, Delaware General Corporation Law or other applicable law, and under the terms of any policy of insurance purchased by the Company;
and 
 (vi) Executive’s right to bring to the attention of the Equal Employment Opportunity Commission claims of
discrimination; provided, however, that Executive does release Executive’s right to secure any damages for alleged discriminatory treatment. 

(c) In accordance with the Older Workers Benefit Protection Act of 1990, Executive has been advised of the following: Executive
acknowledges that Executive is knowingly and voluntarily waiving and releasing any rights Executive may have under the ADEA. Executive also acknowledges that the consideration given for the waiver and release herein is in addition to anything of
value to which Executive was already entitled. Executive further acknowledges that Executive has been advised by this writing, as required by the ADEA, that: (i) Executive’s waiver and release do not apply to any rights or claims that may
arise after the execution date of this Release; (ii) Executive has been advised hereby that Executive has the right to consult with an attorney prior to executing this Release; (iii) Executive has twenty-one (21) days from the date of
this Release to execute this Release (although Executive may choose to voluntarily execute this Release earlier); (iv) Executive has seven (7) days following the execution of this Release by Executive to revoke the Release, and Executive
will not receive the severance benefits provided by Section 4 of that certain Transition and Separation Agreement entered into between the Parties as of March 24, 2016 (the “Transition and Separation Agreement”) unless and
until such seven (7) day period has expired; (v) this Release will not be effective until the date upon which the revocation period has expired, which will be the eighth (8th) day
after this Release is executed by Executive, provided that the Company has also executed this Release by that date; and (vi) this Release does not affect Executive’s ability to test the knowing and voluntary nature of this Release.
If Executive wishes to revoke this Release, Executive must deliver notice of Executive’s revocation in writing, no later than 5:00 p.m. Pacific Time on the 7th day following Executive’s execution of this Release to Brian Cuneo,
Latham & Watkins LLP, 140 Scott Drive, Menlo Park, CA 94025, fax: (650) 463-2600. 
 (d) EXECUTIVE ACKNOWLEDGES
THAT EXECUTIVE HAS BEEN ADVISED OF AND IS FAMILIAR WITH THE PROVISIONS OF CALIFORNIA CIVIL CODE SECTION 1542, WHICH PROVIDES AS FOLLOWS: 

  
 A-2 

 “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT
TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH, IF KNOWN BY HIM OR HER, MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” 

BEING AWARE OF SAID CODE SECTION, EXECUTIVE HEREBY EXPRESSLY WAIVES ANY RIGHTS EXECUTIVE MAY HAVE THEREUNDER, AS WELL AS UNDER ANY OTHER
STATUTES OR COMMON LAW PRINCIPLES OF SIMILAR EFFECT. 
 2. Executive Representations. Executive represents and warrants that: 

(a) Executive has returned to the Company all Company property in Executive’s possession pursuant to Section 7(c) of
the Transition and Separation Agreement; 
 (b) Executive is not owed wages, commissions, bonuses or other compensation,
other than any payments that become due under Sections 2(d), 3 and 4 of the Transition and Separation Agreement; 
 (c)
During the course of Executive’s employment Executive did not sustain any injuries for which Executive might be entitled to compensation pursuant to worker’s compensation law or Executive has disclosed any injuries of which he is
currently, reasonably aware for which he might be entitled to compensation pursuant to worker’s compensation law; 
 (d)
From the date Executive executed the Transition and Separation Agreement through the date Executive executes this Release, Executive has not made any disparaging comments about the Company, nor will Executive do so in the future; and 

(e) Executive has not initiated any adversarial proceedings of any kind against the Company or against any other person or
entity released herein, nor will Executive do so in the future, except as specifically allowed by this Release. Executive reaffirms his obligations under Section 7(a). 

3. Maintaining Confidential Information. Executive reaffirms his obligations under that certain Confidential Information and Invention
Assignment Agreement entered into between Executive and the Company (the “Confidentiality Agreement”). Executive acknowledges and agrees that the payments provided in Section 4 of the Transition and Separation Agreement shall
be subject to Executive’s continued compliance with Executive’s obligations under the Confidentiality Agreement. Executive reaffirms his confidentiality obligations under Section 7(d) of the Transition and Separation Agreement. 

4. Cooperation with the Company. Executive reaffirms his obligations to cooperate with the Company pursuant to Section 14 of the
Transition and Separation Agreement. 
 5. Severability. The provisions of this Release are severable. If any provision is held to be
invalid or unenforceable, it shall not affect the validity or enforceability of any other provision. 

  
 A-3 

 6. Choice of Law. This Release shall in all respects be governed and construed in
accordance with the laws of the State of California, including all matters of construction, validity and performance, without regard to conflicts of law principles. 

7. Integration Clause. This Release and the Transition and Separation Agreement contain the Parties’ entire agreement with regard
to the transition and separation of Executive’s employment, and supersede and replace any prior agreements as to those matters, whether oral or written. This Release may not be changed or modified, in whole or in part, except by an instrument
in writing signed by Executive and a member of the board of directors of the Company. 
 8. Execution in Counterparts. This Release
may be executed in counterparts with the same force and effectiveness as though executed in a single document. Facsimile signatures shall have the same force and effectiveness as original signatures. 

9. Intent to be Bound. The Parties have carefully read this Release in its entirety; fully understand and agree to its terms and
provisions; and intend and agree that it is final and binding on all Parties. 
 (Signature page(s) follow) 

  
 A-4 

 IN WITNESS WHEREOF, and intending to be legally bound, the Parties have executed the foregoing on
the dates shown below. 
  

									
	EXECUTIVE	 		 	RESTORATION ROBOTICS, INC.
					
		 	 	 		 		 	 
		 	James W. McCollum	 		 		 	By: Fred H. Moll
		 		 		 		 	Title: Chairman of the Board
		 	Date:
                                        
	 		 		 	  
 Date:
                                        

  
 A-5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00274-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00274-of-00352.parquet"}]]