SEC Contract Filing

Filing Date: 2019-03-11

Document Content:
<DOCUMENT>
<TYPE>EX-10.47
<SEQUENCE>4
<FILENAME>exh_1047.htm
<DESCRIPTION>EXHIBIT 10.47
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.47</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

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<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>CONFIDENTIALITY, NONCOMPETITION AND </B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>NONSOLICITATION AGREEMENT</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">(<I>Peter Holt</I>)</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 27pt; margin: 0pt 0">This Confidentiality, Noncompetition and Nonsolicitation Agreement
(&ldquo;<U>Agreement</U>&rdquo;) is effective as of January 1, 2019 (the &ldquo;<U>Effective Date</U>&rdquo;) by The Joint Corp.,
a Delaware corporation (the &ldquo;<U>Joint</U>&rdquo;), and Peter Holt (&ldquo;<U>Executive</U>&rdquo;).</P>

<P STYLE="font-size: 10pt; text-indent: 27pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0"><B>Background</B></P>

<P STYLE="font-size: 10pt; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 27pt; margin: 0pt 0">This Agreement is being entered into concurrently with and as condition
of a Letter Agreement with an Effective Date of January 1, 2019, between The Joint and Executive pertaining to the terms and conditions
of Executive&rsquo;s employment with The Joint.</P>

<P STYLE="font-size: 10pt; text-indent: 27pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 27pt; margin: 0pt 0">Now, therefore, in consideration of their mutual promises and intending
to be legally bound, the parties agree as follows:</P>

<P STYLE="font-size: 10pt; text-indent: 27pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-weight: bold; margin: 0pt 0 0pt 27.35pt"><FONT STYLE="font-weight: normal">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Confidentiality
Covenant.</U></P>

<P STYLE="font-size: 10pt; font-weight: bold; margin: 0pt 0 0pt 27.35pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 27pt; margin: 0pt 0">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During Executive&rsquo;s
employment by the Joint and continuing indefinitely following the termination of Executive&rsquo;s employment, regardless of the
reason for or circumstances of Executive&rsquo;s termination, Executive shall treat all Confidential Information as secret and
confidential (Executive&rsquo;s &ldquo;<U>Confidentiality Covenant</U>&rdquo;).</P>

<P STYLE="font-size: 10pt; text-indent: 27pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 27pt; margin: 0pt 0">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive shall not under
any circumstances directly or indirectly (i) disclose any Confidential Information to a third party (except as required in the
normal course of Executive&rsquo;s duties or by a court order or as expressly authorized by the Joint&rsquo;s Board of Directors)
or (ii) use any Confidential Information for Executive&rsquo;s own account.</P>

<P STYLE="font-size: 10pt; text-indent: 27pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 27pt; margin: 0pt 0">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All correspondence, files,
records, documents, memoranda, reports and other items in whatever form or medium containing or reflecting Confidential Information,
whether prepared by Executive or otherwise coming into Executive&rsquo;s possession, shall remain the Joint&rsquo;s exclusive property.
Upon the termination of Executive&rsquo;s employment, or at any other time that the Joint requests, Executive shall promptly turn
over to the Joint all written or tangible Confidential Information that may be in Executive&rsquo;s possession or control (including
all copies and summaries and notes derived from Confidential Information).</P>

<P STYLE="font-size: 10pt; text-indent: 27pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; font-weight: bold; margin: 0pt 0 0pt 27.35pt"><FONT STYLE="font-weight: normal">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Nonsolicitation
and Noncompetition Covenant.</U></P>

<P STYLE="font-size: 10pt; font-weight: bold; margin: 0pt 0 0pt 27.35pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 27pt; margin: 0pt 0">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Regardless of the reason
for or circumstances of Executive&rsquo;s termination, during Executive&rsquo;s employment and for a period of 24 months beginning
on the date of termination of Executive&rsquo;s employment (the &ldquo;<U>Covenant Period</U>&rdquo;), Executive shall not directly
or indirectly do any of the following (Executive&rsquo;s &ldquo;<U>Nonsolicitation and Noncompetition Covenant</U>&rdquo;):</P>

<P STYLE="font-size: 10pt; text-indent: 27pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 0.75in; margin: 0pt 0">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;solicit for a Competing
Business any customer or account of the Joint that Executive had dealings with or supervisory responsibility for, or had access
to Confidential Information relating to, during the 24-month period ending on the date of termination of Executive&rsquo;s employment;
or</P>

<P STYLE="font-size: 10pt; text-indent: 0.75in; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; text-indent: 54.35pt; margin: 0pt 0">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;solicit for employment
or hire away any employee of the Joint who was a full-time or part-time employee of the Joint at any time during the 12-month period
ending on the date of termination of Executive&rsquo;s employment, regardless of whether the employee is or was employed on an
&ldquo;at will&rdquo; basis or pursuant to a written agreement; or