<SEC-DOCUMENT>0001683168-19-000178.txt : 20190123
<SEC-HEADER>0001683168-19-000178.hdr.sgml : 20190123
<ACCEPTANCE-DATETIME>20190123144615
ACCESSION NUMBER:		0001683168-19-000178
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20190118
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190123
DATE AS OF CHANGE:		20190123

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Lifeway Foods, Inc.
		CENTRAL INDEX KEY:			0000814586
		STANDARD INDUSTRIAL CLASSIFICATION:	DAIRY PRODUCTS [2020]
		IRS NUMBER:				363442829
		STATE OF INCORPORATION:			IL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-17363
		FILM NUMBER:		19537249

	BUSINESS ADDRESS:	
		STREET 1:		6431 W OAKTON
		CITY:			MORTON GROVE
		STATE:			IL
		ZIP:			60053
		BUSINESS PHONE:		847-967-1010

	MAIL ADDRESS:	
		STREET 1:		6431 W OAKTON
		CITY:			MORTON GROVE
		STATE:			IL
		ZIP:			60053

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LIFEWAY FOODS INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>lifeway_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>UNITED
STATES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>SECURITIES
AND EXCHANGE COMMISSION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>WASHINGTON D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section&nbsp;13 or 15(d)
of the Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event
reported):&nbsp;January 18, 2019</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 20pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>LIFEWAY FOODS, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in
its charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; text-align: center; width: 32%"><FONT STYLE="font-size: 10pt">ILLINOIS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; width: 2%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; text-align: center; width: 32%"><FONT STYLE="font-size: 10pt">000-17363</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; width: 2%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; text-align: center; width: 32%"><FONT STYLE="font-size: 10pt">36-3442829</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(State or other jurisdiction of</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>incorporation)</B></P></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt"><B>(Commission File Number)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt"><B>(I.R.S. Employer Identification No.)</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: top; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">6431 Oakton St. Morton Grove, IL</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">60053</FONT></TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt"><B>(Address of principal executive offices)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt"><B>(Zip code)</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Registrant&rsquo;s telephone number, including
area code: (847)&nbsp;967-1010</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">N/A</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Former name or former address, if changed
since last report)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#9744; Written communications pursuant to Rule&nbsp;425 under
the Securities Act (17 CFR 230.425)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#9744; Soliciting material pursuant to Rule&nbsp;14a-12 under
the Exchange Act (17 CFR 240.14a-12)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#9744; Pre-commencement communications pursuant to Rule&nbsp;14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#9744; Pre-commencement communications pursuant to Rule&nbsp;13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (&sect;230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (&sect;240.12b-2 of this chapter).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Emerging growth company &#9744;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">If an emerging growth company,
indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised
financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. &#9744;</FONT></P>






<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

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<TD STYLE="width: 1in"><B>Item 5.02</B></TD><TD><B>Departure of Director or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
of Certain Officers.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As we previously disclosed, on November
19, 2018, Lifeway announced that it had appointed Eric Hanson, 44, its Chief Accounting Officer, to the additional position of
Chief Financial Officer. In connection with Mr. Hanson&rsquo;s appointment as Chief Financial and Accounting Officer, on January
18, 2019, Lifeway entered into an Executive Employment Agreement with Mr. Hanson (the &ldquo;Hanson Employment Agreement&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Employment Agreement</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On January 18, 2019, Lifeway entered into
an employment agreement with Mr. Hanson for his employment as our Chief Financial and Accounting Officer (the &ldquo;Hanson Employment
Agreement&rdquo;), the term of which is effective as of November 19, 2018 and expires on December 31, 2019. The Hanson Employment
Agreement automatically renews on January 1 of each year, and renews automatically for successive terms of one year, unless pursuant
to the Agreement it is terminated earlier or the Board gives timely notice of non-renewal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Mr. Hanson&rsquo;s initial base salary
is $250,000, which is subject to annual review by the Board. Pursuant to the Agreement, Mr. Hanson is also eligible for a cash
bonus of up to 30% of his base salary, as well as equity and other incentive awards, in the sole discretion of the Board, based
on the satisfaction of certain pre-established performance goals established by the Board. For 2019, the Board will set bonus targets
in compliance with its Omnibus Plan and in consultation with the Board&rsquo;s independent compensation consultant and management.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Mr. Hanson is subject to covenants not
to compete and not to solicit Lifeway customers, contractors, suppliers, or employees during her employment and for a period of
18 months following his termination for any reason. Lifeway will not unreasonably withhold its consent to competitive employment
during the 18-month period if Mr. Hanson satisfies certain obligations regarding his future employment. Lifeway may terminate Mr.
Hanson&rsquo;s employment for any lawful reason, with or without Cause, and Mr. Hanson may resign for or without Good Reason (each
as defined in the Hanson Employment Agreement).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>Employment Agreement summary of payments and benefits
due after termination of employment</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to the Hanson Employment Agreement,
Mr. Hanson, upon Non-Renewal, termination without Cause, or by his resignation with Good Reason (as defined in the Hanson Employment
Agreement), will be entitled to certain payments and benefits shown in the tables below. Receipt of any severance amounts under
the Hanson Employment Agreement is conditioned on execution of an enforceable general release of claims in a form satisfactory
to Lifeway.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 20%; border-bottom: black 1.5pt solid">&nbsp;</TD>
    <TD STYLE="width: 28%; border-bottom: black 1.5pt solid"><B>Non-Renewal</B></TD>
    <TD STYLE="width: 26%; border-bottom: black 1.5pt solid"><B>Termination without Cause or Resignation for Good Reason</B></TD>
    <TD STYLE="width: 26%; border-bottom: black 1.5pt solid"><B>Termination for Cause or Resignation Without Good Reason</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><I>Base Salary</I></TD>
    <TD>3 months after termination date</TD>
    <TD>The remainder of the term or 6 months, whichever is greater</TD>
    <TD>Through termination date</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><I>Bonus Payments</I></TD>
    <TD>Greater of (i) bonus for fiscal year of termination date (ii) bonus paid for fiscal year prior to termination date</TD>
    <TD>Greater of (i) bonus for fiscal year of termination date (ii) bonus paid for fiscal year prior to termination date</TD>
    <TD>None</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><I>Outstanding Equity Awards</I></TD>
    <TD>Vested but unsettled outstanding equity awards</TD>
    <TD>Accelerated vesting of all outstanding equity awards</TD>
    <TD>Vested but unsettled outstanding equity awards</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><I>Health Insurance</I></TD>
    <TD>Contributions toward COBRA premiums through the earliest of (i) three calendar months after termination date, (ii) the date executive becomes eligible for group health insurance through another employer, or (iii) the date executive ceases to be eligible for COBRA coverage</TD>
    <TD>Company-paid COBRA premiums through the earliest of (i) six calendar months after termination date, (ii) the date executive becomes eligible for group health insurance through another employer, or (iii) the date executive ceases to be eligible for COBRA coverage</TD>
    <TD>None</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><I>Financial Services or Transition-Related</I></TD>
    <TD>None</TD>
    <TD>$10,000</TD>
    <TD>None</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The foregoing references to and descriptions
of the Hanson Employment Agreement in this Current Report do not purport to be complete are qualified in their entirety by reference
to the full text of the Hanson Employment Agreement, which is attached hereto as Exhibit 10.1, and incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>


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<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 10pt; text-indent: -10pt; width: 1in"><B>Item 9.01.</B></TD>
    <TD STYLE="padding-left: 10pt; text-indent: -10pt"><B>Financial Statements and Exhibits.</B></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>(d) Exhibits</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 6%; text-align: justify"><FONT STYLE="font-size: 10pt"><U>No.</U></FONT></TD>
    <TD STYLE="width: 58%"><FONT STYLE="font-size: 10pt"><U>Description</U></FONT></TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: justify"><FONT STYLE="font-size: 10pt"><U>Form</U></FONT></TD>
    <TD STYLE="width: 9%; text-align: justify"><FONT STYLE="font-size: 10pt"><U>Period Ending</U></FONT></TD>
    <TD STYLE="width: 9%; text-align: justify"><FONT STYLE="font-size: 10pt"><U>Exhibit</U></FONT></TD>
    <TD STYLE="width: 8%; text-align: justify"><FONT STYLE="font-size: 10pt"><U>Filing Date</U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">10.1</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt"><A HREF="lifeway_ex1001.htm">Employment Agreement dated January 18, 2019 with Eric Hanson.</A></FONT></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="4" STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Filed Herewith</FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dated:&nbsp;&nbsp;&nbsp;&nbsp; January 23, 2019</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR>
    <TD STYLE="width: 52%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 36%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="3">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>LIFEWAY FOODS, INC.</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top">By:&nbsp;&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid">/s/ Douglas A. Hass</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Name: Douglas A. Hass</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Title: General Counsel and Assistant Corporate Secretary</P></TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-left: 4.15pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>lifeway_ex1001.htm
<DESCRIPTION>EXECUTIVE EMPLOYMENT AGREEMENT
<TEXT>
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<P STYLE="margin: 0">Exhibit 10.1</P>

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

<P STYLE="margin: 0">&nbsp;<IMG SRC="image_001.jpg" ALT=""></P>

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

<P STYLE="margin: 0"></P>

<P STYLE="color: #333333; font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black">EXECUTIVE
EMPLOYMENT AGREEMENT</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">This
Agreement is made as of the date last signed below (the &ldquo;<B>Effective Date</B>&rdquo;) between Lifeway Foods, Inc., an Illinois
corporation, and the corporation&rsquo;s present or future parents, subsidiaries, successors, directors, officers, and assigns
(collectively referred to as &ldquo;<B>Lifeway</B>&rdquo; or the &ldquo;<B>Company</B>&rdquo;), and Eric Hanson (&ldquo;<B>You</B>&rdquo;).</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><B>1.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Employment. </B>You are currently employed as Lifeway&rsquo;s Chief Accounting Officer and hereby accept employment with
Lifeway effective November 19, 2018 (the <B>&ldquo;Promotion Date</B>&rdquo;) in the position of Chief Financial and Accounting
Officer and reporting to the position of President and Chief Executive Officer, or in such other position as may be mutually agreed
in writing upon by you and Lifeway.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>A.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Duties.</B> You agree to provide substantially all your business time, ability, energy, efforts, judgment, knowledge, and
skill to the performance of your duties for Lifeway, to comply with all Lifeway policies, and to perform all job duties assigned
to you by Lifeway. Notwithstanding the foregoing, you may (i)&nbsp;participate in charitable, civic, educational, professional,
community, or industry affairs; (ii) manage your passive personal investments; and (iii) with prior written notice to the Chief
Executive Officer and General Counsel, serve on the boards of directors of non-profit organizations; so long as such activities,
individually or in the aggregate, do not interfere or conflict with your job duties hereunder or create a potential business or
fiduciary conflict.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>B.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Place of Performance.</B> The principal place of your employment shall be the Company&rsquo;s current principal executive
offices in either Chicago, Morton Grove, or Niles, Illinois or within a twenty-five (25) mile radius of them; provided that Lifeway
may require you to travel on Company business from time to time in the performance of your job duties.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><B>2.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Term.</B> Your employment under this Agreement will begin on the Promotion Date, and will continue until December 31, 2019
(the &ldquo;<B>Initial Term</B>&rdquo;). On each January 1 thereafter (each, a &ldquo;<B>Renewal Date</B>&rdquo;), the Agreement
shall automatically renew, on the same terms and conditions, for successive Terms of one year, unless Lifeway&rsquo;s Board of
Directors&rsquo; (the &ldquo;<B>Board</B>&rdquo;) or its Compensation Committee (the &ldquo;<B>Compensation Committee</B>&rdquo;)
provides written notice to you at least ninety (90) days prior to the applicable Renewal Date of Lifeway&rsquo;s intention not
to renew the Agreement. The period during which you are employed by Lifeway is referred to as the &ldquo;<B>Employment Term</B>&rdquo;.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><B>3.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Compensation.</B></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>A.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Base Salary.</B> During the Employment Term, Lifeway shall pay you an annual <B>Base Salary</B> of $250,000 in accordance
with the Company&rsquo;s customary payroll practices and applicable wage payment laws. Your Base Salary shall be reviewed at least
annually by the Company and Lifeway may, but shall not be required to, increase it. However, your Base Salary may not be decreased
during the Employment Term other than as part of a general reduction in Base Salary that affects all Section 16 officers other
than Lifeway&rsquo;s CEO and COO (hereinafter referred to as &ldquo;similarly situated officers and senior executives&rdquo;)
in the same percentage.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>B.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Annual Bonus. </B>For each fiscal year ending during the Employment Term beginning with fiscal year 2019, you shall be
eligible for an <B>Annual Bonus. </B>The Annual Bonus shall consist of a Target Cash Bonus and a Target Equity Bonus. You will
be eligible for a <B>Target Cash Bonus</B> in an amount equal to at least 30% of your Base Salary based on the achievement of
your individual annual goals and targets established by the Board or its Compensation Committee. You will be eligible for a <B>Target
Equity Bonus</B> on a sliding scale determined by Lifeway&rsquo;s performance against Company-wide annual goals and targets established
by the Board or its Compensation Committee. Depending on results, the Annual Bonus you earn may be higher or lower than the Target
Cash and Target Equity Bonuses. Your 2019 Target Cash Bonus and Target Equity Bonus eligibility are described in the attached
<U>Exhibit A</U> (Cash Bonus) and <U>Exhibit B</U> (Equity Bonus).</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>C.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Earning the Annual Bonus</B>. Except as otherwise provided in Section 4, (i) the Annual Bonus will be subject to the terms
of any Company plan under which it is granted and any award agreement or notice provided to you by the Company; and (ii) in order
to earn and receive an Annual Bonus, you must be employed by Lifeway on the date that the Annual Bonus is paid by the Company
to similarly situated officers and senior executives. Nothing contained in this Agreement restricts the Company&rsquo;s rights
to alter, amend, or terminate at any time any Company plan under which the Annual Bonus is granted.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>D.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Fringe Benefits and Perquisites.</B> During the Employment Term, you shall be entitled to these fringe benefits and perquisites:</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">Coverage
                                         under an excess liability (umbrella) insurance policy that the Company selects in its
                                         sole discretion that provides $15,000,000 of coverage per occurrence;</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">ii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">An
                                         allowance of up to $3,000 per calendar year for Internet/telecommunications services,
                                         subject to applicable tax withholdings;</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">iii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">If
                                         Company-provided parking is not available without charge at such office, a Company-paid
                                         parking pass at a mutually agreeable location near any of the Company&rsquo;s principal
                                         executive offices;</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">iv)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">Four
                                         (4) weeks of Paid Time Off per calendar year or an amount of Paid Time Off that is at
                                         least as favorable as that provided to other similarly situated officers and senior executives
                                         of the Company. Paid Time Off shall not carry over from calendar year to calendar year
                                         during the Employment Term.</FONT></TD></TR></TABLE>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>E.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Employee Benefits.</B> During the Employment Term, you shall be entitled to participate in all health and welfare, retirement,
and other benefit plans applicable to similarly situated officers and senior executives of the Company (collectively, &ldquo;<B>Employee
Benefit Plans</B>&rdquo;) to the extent consistent with applicable law and the terms of the applicable Employee Benefit Plans.
Lifeway reserves the right to amend or cancel any Employee Benefit Plans at any time in its sole discretion, subject to the terms
of such Employee Benefit Plan and applicable law. In addition, Lifeway will reimburse you for the cost of an annual comprehensive
executive physical examination at a healthcare provider/facility of your choice, with a maximum reimbursement of $3,000, net of
applicable tax withholdings, per calendar year ($6,000, net of applicable tax withholdings, per calendar year including your spouse
or domestic partner).</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>F.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Clawback Provisions. </B>Notwithstanding any other provisions of this Agreement, any compensation paid to you during the
Employment Term is subject to any written policy (whether in existence as of the Effective Date or later adopted) established
by the Company providing for clawback or recovery of amounts that were paid to you. The Company will make any determination for
clawback or recovery in its sole discretion and in accordance with such policy, or applicable law or regulation, and you agree
to effectuate any such clawback or recovery at such time and in such manner as Lifeway may specify.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><B>4.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Termination of Employment.</B></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>A.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B>You may terminate your employment under this Agreement at any time and for any reason with ninety (90) days&rsquo;
prior written notice. Failure to provide ninety (90) days&rsquo; prior written notice will affect what, if any, benefits you may
receive under this Agreement but may not be used by Lifeway as a way to require your continued employment beyond the length of
the written notice period that you actually provide or relied upon by Lifeway as a basis for damages. Lifeway may terminate your
employment at any time and for any reason not prohibited by law. On the date that your employment terminates under this Agreement
(the &ldquo;<B>Termination Date</B>&rdquo;), you shall be entitled to the compensation and benefits described in this Section
4 and shall have no further rights to any compensation or any other benefits of any type from Lifeway, except benefits expressly
required by law or expressly mandated by the terms of any applicable benefit or incentive plans.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>B.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Resignation of All Positions.</B> Effective on your Termination Date, you shall be deemed to have resigned from all positions
that you hold with Lifeway and/or its Board.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>C.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Expiration/Non-Renewal of the Term.</B> If your employment is terminated by Lifeway on account of the Company&rsquo;s failure
to renew the Agreement in accordance with Section 2 (&ldquo;<B>Non-Renewal</B>&rdquo;), and you return to Lifeway an enforceable
general release in a form satisfactory to the Company (a &ldquo;<B>General Release</B>&rdquo;), you shall be entitled to receive:</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">your
                                         Base Salary for three (3) months after your Termination Date;</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">ii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">your
                                         accrued but unused Paid Time Off as of your Termination Date in accordance with the Company&rsquo;s
                                         customary payroll procedures;</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">iii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">if
                                         you timely elect continued coverage under COBRA, up to three (3) monthly cash payments
                                         in accordance with the Company&rsquo;s customary payroll procedures equal to the Company&rsquo;s
                                         monthly contribution for employee-only coverage under a Company-sponsored PPO health
                                         insurance plan (&ldquo;<B>COBRA Premiums</B>&rdquo;) through the period (the &ldquo;<B>COBRA
                                         Premium Period</B>&rdquo;) starting on the Termination Date and ending on the earliest
                                         to occur of: (i) three calendar months after the calendar month of your Termination Date;
                                         (ii) the date you become eligible for group health insurance coverage through another
                                         employer; or (iii) the date you cease to be eligible for COBRA continuation coverage
                                         for any reason, including plan termination. In the event you become covered under another
                                         employer&rsquo;s group health plan or otherwise cease to be eligible for COBRA during
                                         the COBRA Premium Period, you must immediately notify the Company of such event;</FONT></TD></TR></TABLE>

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

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

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

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">iv)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">a cash
                                         bonus equal to the greater of (i) the value of the Annual Bonus you would have earned
                                         for the fiscal year of your Termination Date if you would have been employed on the date
                                         that the Company paid such Annual Bonus; or (ii) the value of the actual Annual Bonus
                                         you earned for the fiscal year prior to your Termination Date. The bonus shall be payable
                                         in a lump sum, less applicable withholdings, on or before the date that the Annual Bonus
                                         for the fiscal year of your Termination Date is (or would have been) paid by the Company
                                         to similarly situated executives;</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">v)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">reimbursement
                                         for unreimbursed business expenses that you properly incurred, in accordance with the
                                         Company&rsquo;s expense reimbursement policy; and</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">vi)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">to
                                         the extent that you hold equity-based awards granted by Lifeway under any of its equity
                                         incentive plans as of your Termination Date (your &ldquo;<B>Outstanding Awards</B>&rdquo;),
                                         any vested but unsettled Outstanding Awards; provided that in no event shall you be entitled
                                         to any Outstanding Award that is not vested. Such unvested Outstanding Awards will terminate
                                         on your Termination Date.</FONT></TD></TR></TABLE>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>D.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Termination for Cause or Without Good Reason.</B> If your employment is terminated by Lifeway for Cause or by you without
Good Reason, you shall be entitled to receive:</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">your
                                         accrued but unpaid Base Salary and Paid Time Off as of your Termination Date in accordance
                                         with the Company&rsquo;s customary payroll procedures;</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">ii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">reimbursement
                                         for unreimbursed business expenses that you properly incurred, in accordance with the
                                         Company&rsquo;s expense reimbursement policy; and</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">iii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">any
                                         vested but unsettled Outstanding Awards (if applicable); provided that in no event shall
                                         you be entitled to any Outstanding Award that is not vested. Such unvested Outstanding
                                         Awards will terminate on your Termination Date.</FONT></TD></TR></TABLE>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>E.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Termination without Cause or for Good Reason. </B>If your employment is terminated by Lifeway without Cause or by you voluntarily
for Good Reason, and you return to Lifeway a General Release, you shall be entitled to receive:</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">your
                                         Base Salary for the remainder of the current Term or six (6) months, whichever is greater;</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">ii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">your
                                         accrued but unused Paid Time Off as of your Termination Date in accordance with the Company&rsquo;s
                                         customary payroll procedures;</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">iii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">a
                                         one-time payment of $10,000 for your financial planning or transition-related needs;</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">iv)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">if
                                         you timely elect continued coverage under COBRA, the COBRA premiums necessary to continue
                                         your coverage (including coverage for eligible dependents, if applicable) (&ldquo;<B>COBRA
                                         Premiums</B>&rdquo;) through the period (the &ldquo;<B>COBRA Premium Period</B>&rdquo;)
                                         starting on the Termination Date and ending on the earliest to occur of: (i) six calendar
                                         months after the calendar month of your Termination Date; (ii) the date you (and your
                                         eligible dependents, if applicable) become eligible for group health insurance coverage
                                         through another employer; or (iii) the date you cease to be eligible for COBRA continuation
                                         coverage for any reason, including plan termination. In the event you become covered
                                         under another employer&rsquo;s group health plan or otherwise cease to be eligible for
                                         COBRA during the COBRA Premium Period, you must immediately notify the Company of such
                                         event;</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">v)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">a cash
                                         bonus equal to the greater of (i) the value of the Annual Bonus you would have earned
                                         for the fiscal year of your Termination Date if you would have been employed on the date
                                         that the Company paid such Annual Bonus; or (ii) the value of the actual Annual Bonus
                                         you earned for the fiscal year prior to your Termination Date. The bonus shall be payable
                                         in a lump sum, less applicable withholdings, on or before the date that the Annual Bonus
                                         for the fiscal year of your Termination Date is (or would have been) paid by the Company
                                         to similarly situated officers and senior executives;</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">vi)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">reimbursement
                                         for unreimbursed business expenses that you properly incurred, in accordance with the
                                         Company&rsquo;s expense reimbursement policy; and</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">vii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">to
                                         the extent that you hold any Outstanding Awards, an amendment to each award agreement
                                         that evidences each such Outstanding Award that provides as follows:</FONT></TD></TR></TABLE>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"></FONT></P>

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<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">If
your employment with Lifeway is terminated without Cause or for Good Reason, your Outstanding Awards that are Stock Options or
Stock Appreciation Rights shall immediately become fully vested and exercisable on your Termination Date. The vested Outstanding
Awards shall be exercisable for the period specified in the applicable option agreement. Your Outstanding Awards that are equity-based
compensation other than Stock Options/Stock Appreciation Rights and are not intended to qualify as performance-based compensation
shall become fully vested and the restrictions thereon shall lapse; provided that, any delays in the settlement or payment of
such awards that are set forth in the applicable award agreement and that are required under Section 409A of the Code (&ldquo;Section
409A&rdquo;) shall remain in effect. Your Outstanding Awards that are equity-based compensation other than Stock Options/Stock
Appreciation Rights and are intended to qualify as performance-based compensation shall remain outstanding and shall vest or be
forfeited as specified by the applicable award agreements, if the applicable performance goals are satisfied.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>F.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B>For purposes of this Agreement, &ldquo;<B>Cause</B>&rdquo; means your: (i) Death; (ii) Inability to perform the essential
functions of your job, with or without reasonable accommodation, for a period of more than twelve weeks, in the aggregate, during
any rolling twelve-month period (&ldquo;<B>Disability</B>&rdquo;); (iii) Willful engagement in dishonesty, illegal conduct, or
gross misconduct, which is, in each case, injurious to Lifeway; (iv) Willful failure to follow the valid and lawful directives
in writing from the Board or any executive to which you report; (v) Conviction of or plea of guilty or nolo contendere to a crime
that constitutes either a felony (or state law equivalent); or another crime that constitutes a misdemeanor involving moral turpitude,
if such other crime is work-related, materially impairs your ability to perform services for Lifeway, or results in reputational
or financial harm to the Company; (vi) Failure to reasonably cooperate in any audit or investigation of the business or financial
practices of Lifeway; (vii) Act of theft, embezzlement, fraud, or misappropriation, regardless of its relationship to Lifeway;
(viii) Failure to obtain, maintain in good standing, or provide documentation of any license, certification, or registration required
by law or which Lifeway may from time to time require as a condition of your employment, <I>provided however </I>that you will
be provided written notice and a reasonable opportunity to cure such failure, if curable, prior to termination of your employment
under this provision; (ix) Material breach of this Agreement, or failure to follow the reasonable and lawful policies, practices,
procedures, or instructions of Lifeway, or failure to perform the duties of your employment to Lifeway&rsquo;s reasonable satisfaction,
<I>provided however </I>that you will be provided written notice and a reasonable opportunity to cure any such breach or failure,
if curable, prior to termination of your employment under this provision. (x) Notice to Lifeway that you intend to terminate your
employment under this Agreement without complying with the notice provisions of this Section 4.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>G.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B>For purposes of this Agreement, &ldquo;<B>Good Reason</B>&rdquo; means the occurrence of any of the following events:
(i) A reduction in your Base Salary, other than a general reduction in Base Salary that affects all similarly situated officers
and senior executives in the same percentage; (ii) A reduction in your Target Cash Bonus below 30% of your Base Salary, other
than a general reduction that affects all similarly situated officers and senior executives in the same percentage; (iii) Elimination
of your eligibility to receive a Target Equity Bonus, other than a general elimination or reduction that affects all similarly
situated officers and senior executives in the same percentage; (iv) A relocation of your principal place of employment outside
of the area prescribed by Section 1.B; (v) Any material breach by Lifeway of any material provision of this Agreement or any material
provision of any other agreement between you and Lifeway; (vi) A material, adverse change in your title, authority, duties, or
responsibilities (other than temporarily while you are physically or mentally incapacitated or as required by applicable law),
other than a change that affects all similarly situated officers and senior executives in substantially the same manner.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>H.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Section 280G</B>. If any of the payments you receive in connection with this Section 4 (&ldquo;<B>280G Payments</B>&rdquo;)
constitute &ldquo;parachute payments&rdquo; within the meaning of Section 280G of the Code and would, but for this Section, be
subject to the excise tax imposed under Section 4999 of the Code (the &ldquo;<B>Excise Tax</B>&rdquo;), then prior to making the
280G Payments, a conclusive, binding calculation and determination shall be made by an independent accounting firm or independent
tax counsel (the &ldquo;<B>Tax Counsel</B>&rdquo;) appointed and paid by Lifeway that compares (i) the Net Benefit (as defined
below) to you of the 280G Payments after payment of the Excise Tax to (ii) the Net Benefit to you if the 280G Payments are limited
to the extent necessary to avoid being subject to the Excise Tax. Lifeway will pay you the amount of either (i) or (ii) that results
in the greatest Net Benefit to you and is consistent with the requirements of Section 409A. &ldquo;<B>Net Benefit</B>&rdquo; shall
mean the present value of the 280G Payments net of all federal, state, local, foreign income, employment, and excise taxes. For
purposes of making the calculations and determinations required by this Section, the Tax Counsel may rely on reasonable, good
faith assumptions and approximations concerning the application of Section 280G and Section 4999 of the Code. You and Lifeway
agree to furnish the Tax Counsel with such information and documents as the Tax Counsel may reasonably request in order to make
its determinations under this Section.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>I.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Section 409A.</B></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B></B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black"><B>General
                                         Compliance.</B> This Agreement is intended to comply with Section 409A or an exemption
                                         thereunder and shall be construed and administered in accordance with Section 409A. Notwithstanding
                                         any other provision of this Agreement, payments provided under this Agreement may only
                                         be made in a manner that complies with Section 409A or an applicable exemption. Any payments
                                         under this Agreement that may be excluded from Section 409A either as separation pay
                                         due to an involuntary separation from service or as a short-term deferral shall be excluded
                                         from Section 409A to the maximum extent possible. For purposes of Section 409A, each
                                         installment payment provided under this Agreement shall be treated as a separate payment.
                                         Any payments to be made under this Agreement upon a termination of employment shall only
                                         be made upon a &ldquo;separation from service&rdquo; under Section 409A. Notwithstanding
                                         the foregoing, Lifeway makes no representations that the payments and benefits provided
                                         under this Agreement comply with Section 409A, and in no event shall Lifeway be liable
                                         for any taxes, penalties, interest, or other expenses that may be incurred by you on
                                         account of non-compliance with Section 409A.</FONT></TD></TR></TABLE>

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

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

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

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">ii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black"><B>Specified
                                         Employees.</B> Notwithstanding any other provision of this Agreement, if any payment
                                         or benefit provided to you in connection with your termination of employment is determined
                                         to constitute &ldquo;nonqualified deferred compensation&rdquo; within the meaning of
                                         Section 409A and you are determined to be a &ldquo;specified employee&rdquo; as defined
                                         in Section 409A(a)(2)(b)(i), then such payment or benefit shall not be paid until the
                                         first payroll date to occur following the six-month anniversary of your Termination Date
                                         or, if earlier, on your death (the &ldquo;<B>Specified Employee Payment Date</B>&rdquo;).
                                         The aggregate of any payments that would otherwise have been paid before the Specified
                                         Employee Payment Date and interest on such amounts calculated based on the applicable
                                         federal rate published by the Internal Revenue Service for the month of your Termination
                                         Date shall be paid to you in a lump sum on the Specified Employee Payment Date and thereafter,
                                         any remaining payments shall be paid without delay in accordance with their original
                                         schedule.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">iii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black"><B>Reimbursements.
                                         </B>To the extent required by Section 409A, each reimbursement or in-kind benefit provided
                                         under this Agreement shall be provided in accordance with the following (a) the amount
                                         of expenses eligible for reimbursement, or in-kind benefits provided, during each calendar
                                         year cannot affect the expenses eligible for reimbursement, or in-kind benefits to be
                                         provided, in any other calendar year; (b) any reimbursement of an eligible expense shall
                                         be paid to you on or before the last day of the calendar year following the calendar
                                         year in which the expense was incurred; and (c) any right to reimbursements or in-kind
                                         benefits under this Agreement shall not be subject to liquidation or exchange for another
                                         benefit.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">iv)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black"><B>Tax
                                         Gross-ups.</B> Any tax gross-up payments provided under this Agreement shall be paid
                                         to you on or before December 31 of the calendar year immediately following the calendar
                                         year in which you remit the related taxes.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">v)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black"><B>Payments
                                         Subject to Execution of a General Release.</B> Notwithstanding anything herein to the
                                         contrary, any payment or benefit provided to you in connection with your termination
                                         of employment that is subject to your execution of a General Release shall be made within
                                         60 days after your Termination Date, provided that you have executed a General Release
                                         and it has become irrevocable by the date payment is to be made. To the extent required
                                         to comply with Section 409A of the Code, if the period during which you have the discretion
                                         to execute or revoke a General Release straddles two calendar years, then the Company
                                         will make the payments due to you under this Section in the second year, regardless of
                                         which year you actually deliver an executed General Release to the Company.</FONT></TD></TR></TABLE>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><B>5.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Indemnification.</B></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>A.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B>If you are made or threatened to be made a party to or a participant in any actual, threatened, pending, or completed
action, claim, or proceeding of any type, Lifeway shall indemnify, defend, and hold you harmless to the fullest extent authorized
or permitted by applicable law, by its Certificate of Incorporation, or by its By-Laws, as the foregoing may be amended from time
to time, and including any and all expenses and losses arising out of or relating to any of your actual or alleged acts, omissions,
negligence or active or passive wrongdoing, including the mandatory advancement of expenses you incur.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>B.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B>The indemnification in this Agreement shall not apply to (i) any acts, omissions, or transactions from which you may
not be relieved of liability under applicable law; (ii) proceedings that you initiate voluntarily without Lifeway&rsquo;s prior
written consent and not by way of defense, counterclaim, or affirmative defense (not including good faith, non-frivolous proceedings
brought to enforce a right to indemnification under this Agreement); or (iii) actions, claims, or proceedings of any type arising
from your purchase and/or sale of securities in violation of the Securities Exchange Act of 1934, as amended, or any similar successor
statute.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>C.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B>During the Employment Term and for a period of six (6) years thereafter, the Company or any successor to the Company
shall purchase and maintain, at its own expense, directors&rsquo; and officers&rsquo; liability insurance providing coverage to
you on terms that are no less favorable than the coverage provided to other directors and officers of Lifeway.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><B>6.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Cooperation.</B> You may be involved in matters during the Employment Term that necessitate your cooperation in the future.
Accordingly, following your Termination Date, to the extent that Lifeway reasonably requests, you shall cooperate with Lifeway
regarding matters arising out of your employment; provided that Lifeway shall: make reasonable efforts to minimize disruption
of your other activities; reimburse you for reasonable expenses incurred in connection with such cooperation; and, to the extent
that you required to spend substantial time on such matters, compensate you at an hourly rate based on your Base Salary on your
Termination Date.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"></P>

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<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><B>7.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Restrictive Covenants.</B></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>A.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Acknowledgements. </B>You acknowledge and agree that the nature of your position (i) gives you access to and knowledge
of Confidential Information (defined below), as well as Lifeway&rsquo;s customers, suppliers, and business contacts; (ii) that
it places you in a position of trust and confidence with Lifeway and generates goodwill for the Company. You also understand and
agree that the services you provide to Lifeway are unique, special, extraordinary, and irreplaceable. You understand that the
Restrictive Covenants in this Agreement supersede and replace any prior restrictive covenants to which you may have been a party
prior to entering into this Agreement.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>B.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Confidential Information. </B>You acknowledge that, by virtue of your employment by Lifeway, you will be granted otherwise
prohibited access to Confidential Information belonging to Lifeway, which is not known either to its competitors, within the industry
generally, or to the public. You recognize that Lifeway&rsquo;s Confidential Information is the Company&rsquo;s valuable property
that it developed over a significant period of time and at substantial expense, and that its exclusive knowledge and use of that
Confidential Information is of great competitive importance and commercial value. You further acknowledge that Lifeway&rsquo;s
industry is highly competitive, and that Lifeway would be irreparably harmed by actual or threatened disclosure of its Confidential
Information or the use of that Confidential Information by any competitor or outside party. Accordingly, you agree that you will
not in any way during your employment with Lifeway or thereafter directly or indirectly use or disclose (or allow to be disclosed
or used) any Confidential Information, except as necessary and authorized in the course of your employment with Lifeway or by
law.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>C.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Non-Competition.</B> You agree that, for the duration of your employment with Lifeway and for a period of eighteen (18)
months following the Termination Date if you are terminated with Cause or for Non-Renewal , you shall not directly or indirectly,
whether for pay or otherwise, provide any services of any type to or on behalf of a Competitor, whether as an employee, independent
contractor, partner, agent, consultant, owner, or otherwise; or hold any ownership interest in any Competitor of Lifeway. Nothing
shall prohibit you from: (i) providing such services to a Competitor if your relationship with that Competitor does not involve
you directly or indirectly providing services of any type related to Competitive Products; or (ii) owning up to 2% of any class
of securities of any issuer if the securities are listed on a national or regional securities exchange or have been registered
under Section 12(g) of the Securities Exchange Act of 1934 and your ownership of such shares represents a passive interest in
the issuer.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>D.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Non-Solicitation.</B> During your employment with Lifeway and for a period of eighteen (18) months thereafter, you will
not directly or indirectly (i) participate in promoting, offering, or selling any Competitive Products to any Customer; (ii) solicit
or encourage any Lifeway employee or independent contractor to terminate his or her employment or contractor relationship with
Lifeway, or to become an employee or independent contractor of any Competitor; (iii) solicit or encourage any Lifeway supplier
to terminate its business relationship with Lifeway, or to engage in a new relationship or expand an existing business relationship
with any Competitor; or (iv) otherwise take any action that is intended to or can reasonably be expected to cause the termination
of or interference with any business relationship or expectancy between Lifeway and any of its Customers, suppliers, independent
contractors, or employees. You further agree that you will not induce, attempt to induce, or aid any other person or entity to
induce (or attempt to induce) any person or entity to breach any restrictive covenant agreement with Lifeway.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>E.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Non-Disparagement.</B> You agree that you will not at any time make, publish or communicate to any person or entity or
in any public forum any defamatory or disparaging remarks, comments, or statements concerning Lifeway, its existing and prospective
customers, suppliers, investors, and other associated third parties. You acknowledge and agree that you are not restricted or
impeded from reporting conduct to, providing truthful information to, or participating in any investigation or proceeding conducted
by any federal or state government agency or self-regulatory organization; from exercising any protected rights that cannot be
waived by agreement; or from complying with any applicable law or regulation or a valid court or administrative order. Lifeway
agrees that it shall cause its officers and directors to refrain from making any defamatory or disparaging remarks, comments,
or statements concerning you to third parties.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>F.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Immunity.</B> Pursuant to 18 U.S.C &sect; 1833(b)(1): &ldquo;An individual shall not be held criminally or civilly liable
under any Federal or State trade secret law for the disclosure of a trade secret that (A) is made (i) in confidence to a Federal,
State, or local government official, either directly or indirectly, or to an attorney; and (ii) solely for the purpose of reporting
or investigating a suspected violation of law; or (B) is made in a complaint or other document filed in a lawsuit or other proceeding,
if such filing is made under seal.&rdquo; If you are found to have wrongfully misappropriated trade secrets, you may be liable
for, among other things, exemplary damages and attorneys&rsquo; fees.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>G.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Definitions.</B> For purposes of this Agreement:</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">&ldquo;<B>Competitive
                                         Products</B>&rdquo; shall mean products, services, or lines of business that Lifeway
                                         offers, manufactures, sells, or distributes (or demonstrably contemplates offering, manufacturing,
                                         selling, or distributing) within the last three (3) years of your employment, including
                                         without limitation drinkable kefir; cupped or pouched kefir; other products containing
                                         kefir cultures; probiotic, cultured milk products; farmer cheeses, spreadable cheeses;
                                         probiotic supplements; and probiotic beverages.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">ii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">A &ldquo;<B>Competitor</B>&rdquo;
                                         of the Company shall mean any person or entity that engages (or intends to engage) in
                                         Competitive Products, or owns or controls (or intends to own or control) a significant
                                         interest in any entity that engages in Competitive Products.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">iii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">&ldquo;<B>Confidential
                                         Information</B>&rdquo; shall include, without limitation and as broadly as permissible
                                         under applicable law, all information in spoken, printed, electronic, or any other form
                                         or medium existing now or in the future and relating directly or indirectly to Lifeway,
                                         its businesses, or any existing or prospective customer, supplier, investor, employee,
                                         or other person or entity that has entrusted information to Lifeway in confidence. Confidential
                                         Information also includes, without limitation, all trade secrets as defined under the
                                         Defend Trade Secrets Act of 2016, the Uniform Trade Secrets Act, or other applicable
                                         laws affording protection to trade secret and confidential information. Notwithstanding
                                         the foregoing, Confidential Information shall not include any information that&nbsp;was
                                         lawfully in your possession prior to (and not obtained in connection with) commencing
                                         employment with Lifeway or becomes generally known or available to the industry or the
                                         general public through no fault of yours.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">iv)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">A &ldquo;<B>Customer</B>&rdquo;
                                         of the Company shall mean any person or entity that has purchased any products or services
                                         from Lifeway during the last three (3) years of your employment and (i) you communicated
                                         with in any way during the past twelve (12) months; or (ii) about whom you possess Confidential
                                         Information or other nonpublic information.</FONT></TD></TR></TABLE>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>H.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Reasonableness and Enforcement of Covenants. </B>You acknowledge and agree that the foregoing covenants are reasonable
and not contrary to public policy, and that such restrictions are intended solely to safeguard the protectable interests and legitimate
business needs of Lifeway. You further acknowledge and agree that your adherence to these restrictions will not prevent you from
engaging in your chosen occupation and earning a satisfactory livelihood following the termination of your employment with Lifeway.
In addition to any other remedies provided by law, Lifeway may obtain equitable relief from any actual or threatened violation
of this Agreement, including specific performance and temporary or permanent injunctive relief. You agree that Lifeway may disclose
the fact and terms of this Agreement to any future actual or prospective employer, and you waive any claims against Lifeway resulting
from such disclosure. Additionally, Lifeway reserves the right to take disciplinary action, up to and including termination for
violations of this Section 7 occurring during your employment with Lifeway. Should you violate any of the terms of the restrictive
covenant obligations articulated herein, the obligation at issue will run from the first date on which you cease to be in violation
of such obligation. If Lifeway prevails in any legal proceedings to enforce this Section 7, you agree to pay Lifeway all costs
and attorneys&rsquo; fees reasonably it reasonably incurs in connection with such proceedings.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>I.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Future Employment. </B>Before beginning employment with another employer at any time within eighteen (18) months after
the Termination Date, you agree to notify Lifeway, in writing, of the name and business address of your prospective employer and
the job title or position in which you will be employed. If your prospective employment is with a Competitor, you agree to seek
Lifeway&rsquo;s written consent to such employment, and the Company will not unreasonably withhold such consent if you have complied
with all other provisions of this Agreement and provided sufficient information to Lifeway to demonstrate that your employment
will not result in a breach of any other provision of this Agreement. By consenting to your employment with a Competitor, Lifeway
does not waive any other provision of this Agreement. The Company reserves the right to withdraw such consent if you breach any
other provision of this Agreement, if the nature of your employment with the Competitor or the Competitor&rsquo;s business materially
change, or if any of the representations you make to Lifeway regarding the nature of your employment or the Competitor&rsquo;s
business are false or misleading.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><B>8.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Proprietary Rights.</B> You acknowledge that both parties intend that (i) all Employment IPRs, Employment Works and all
materials embodying them shall be promptly and fully disclosed to and will belong to Lifeway; (ii) Employment Works, and all materials
contained therein or prepared therefor, shall be deemed to be Work Made For Hire on behalf of Lifeway as such term is defined
under the copyright laws of the United States, and that Lifeway shall be the sole owner of the Employment Works, and all underlying
rights therein, worldwide and in perpetuity.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"></FONT></P>

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<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>A.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B>In the event that the Employment Works, or any portion thereof, do not qualify or are deemed not to be Work Made For
Hire, you hereby irrevocably grant, transfer, assign, and convey any and all right, title, and interest of any kind in and to
the Employment Works and all materials contained therein or prepared therefor, and any improvements thereon, including all Employment
IPRs and Intellectual Property Rights, to Lifeway to the maximum extent permitted by applicable law, to the extent ownership of
any such rights does not vest originally in Lifeway. You further agree that you shall never transfer, license or assign the Employment
Works and/or any Intellectual Property Rights therein to any third party, nor purport to do the same, nor contest Lifeway&rsquo;s
exclusive, complete, and unrestricted ownership in and to the Employment Works and/or any Intellectual Property Rights therein,
nor claim adverse rights therein. In addition to the foregoing, you acknowledge that you shall not be entitled to any compensation
other than that provided for in this Agreement for any of the Employment Works and/or any Intellectual Property Rights therein.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>B.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B>You agree that you have not created, invented, designed, developed, contributed to or improved any Works prior to your
employment by Lifeway that are relevant to or implicated by such employment or Lifeway&rsquo;s business (&ldquo;<B>Prior Works</B>&rdquo;).
However, should you use or incorporate any Works later determined to be Prior Works in any work or development during your employment
at Lifeway you hereby grant Lifeway a perpetual, non-exclusive, royalty-free, worldwide, assignable, sublicensable license under
all rights and intellectual property rights of any kind in any such Prior Works for all purposes in connection with Lifeway&rsquo;s
current and future business. You shall have the burden of proving that any Works created, invented, designed, developed, contributed
to or improved by you that are relevant to or implicated by your employment by Lifeway are not Employment Works.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>C.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B>You agree to maintain any type or form of records, execute any further documents, and take any further actions requested
by Lifeway to assist it in validating, effectuating, maintaining, protecting, enforcing, perfecting, recording, patenting, or
registering any of their rights hereunder. If, after receiving notice of a request as provided for in this Agreement, or if Lifeway
is unable to reasonably provide you such notice under the circumstances, you are unable to execute a document or take any action
for any reason, you irrevocably designate and appoint Lifeway as your agent and attorney-in-fact to act in your behalf in all
applicable instances, including with any government authorities or agencies.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>D.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B>You agree not to attempt to register any Employment IPR or patent any Employment Works unless requested to do so by
Lifeway; and to keep confidential each Employment Work unless Lifeway has consented in writing to its disclosure by you.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>E.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B>You waive all your present and future moral rights which arise under the applicable laws, and all similar rights in
other jurisdictions, relating to any copyright which forms part of the Employment IPRs, and agree not to support, maintain, or
permit any claim for infringement of moral rights in such copyright works.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>F.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B>You agree to give all necessary assistance to Lifeway to enable it to enforce Intellectual Property Rights against
third parties, to defend claims for infringement of third party Intellectual Property Rights, and to apply for registration of
Intellectual Property Rights, where appropriate throughout the world, and for the full term of those rights.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>G.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Limitations.</B> Your assignment under this Section 8 does not apply to Works for which no equipment, supplies, facility,
or Confidential Information of Lifeway was used and which was developed entirely on your own time, unless the invention relates
to: (a) the business of Lifeway, or (b) Lifeway&rsquo;s actual or demonstrably anticipated research or development, or the Work
results from any work performed by you for Lifeway.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>H.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Definitions.</B> For purposes of this Agreement:</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">&ldquo;<B>Employment
                                         Works</B>&rdquo; shall mean any Works which are made wholly or partially by you at any
                                         time during the course of your employment with Lifeway and within the scope of such employment
                                         or status and/or with the use of any Lifeway resources and whether or not recorded in
                                         material form.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">ii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">&ldquo;<B>Employment
                                         IPRs</B>&rdquo; shall mean Intellectual Property Rights created by you in the course
                                         of your employment with Lifeway (whether or not during working hours or using Lifeway
                                         premises or resources and whether or not recorded in material form).</FONT></TD></TR></TABLE>

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

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

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

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

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">iii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">&ldquo;<B>Intellectual
                                         Property Rights</B>&rdquo; shall mean any and all right, title and interest in and to
                                         the Employment Works and all materials contained therein or prepared therefore, and any
                                         improvements thereon, including all intellectual property rights, including, without
                                         limitation, any and all rights that may exist from time to time in this or any other
                                         jurisdiction whether foreign or domestic under patent law, copyright law, publicity rights
                                         law, moral law, trade secret law, semiconductor chip law, trademark law, unfair competition
                                         law, or other similar protections regardless of whether or not such rights or protections
                                         are registered or perfected.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="color: Black">iv)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: Black">&ldquo;<B>Works</B>&rdquo;
                                         shall mean any invention, idea, concept, creation, plan, discussion, discovery, process,
                                         writing, artwork, audiovisuals, manuals, designs, drawings, graphics, computer programs,
                                         source code, object code, code/software, documentation, original work of authorship,
                                         development, improvement or innovation, or any other production of any nature whatsoever
                                         whether or not patentable or capable of registration, and whether or not recorded in
                                         any material form.</FONT></TD></TR></TABLE>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><B>9.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Return of Lifeway Property.</B> At Lifeway&rsquo;s request and on your Termination Date, you will, at Lifeway&rsquo;s sole
option and direction, either return to Lifeway or certify the destruction of all computer hardware, software, or other media,
program codes or documentation, contracts, proposals, plans, lists, reports, schedules, manuals, files, and all other tangible
or intangible documents, copies, or items which relate in any way to the business of Lifeway, including, without limitation, all
materials that constitute, contain, or refer to any Confidential Information; and give to Lifeway all originals and copies of
correspondence, documents, papers and records on all media which record or relate to any Employment IPRs.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><B>10.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Severability. </B>If any provision of this Agreement is declared unenforceable, the remaining provisions of this Agreement
will remain in effect. If any restriction on your post-employment activities is found by a court to be unreasonable or overly
broad with respect to time, geography, or scope of the activities restricted, you and Lifeway agree that the court before which
the matter is pending will enforce the restriction to the maximum extent it deems enforceable. Restrictions will be deemed divisible
as to time, geographical scope, and scope of the activities restricted.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><B>11.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Withholding.</B> The Company shall have the right to withhold from any amount payable hereunder any federal, state, and
local taxes in order for Lifeway to satisfy any withholding tax obligation it may have under any applicable law or regulation.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><B>12.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Waiver. </B>Either Lifeway&rsquo;s or your failure to insist on strict compliance with any terms in this Agreement is not
a waiver of such terms. No breach of the covenants stated herein can be waived, except expressly in writing.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><B>13.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Choice of Law. </B>This Agreement will be construed in accordance with and governed by the substantive laws of the State
of Illinois, without regard to conflict of laws principles. Any action or proceeding to enforce or arising out of this Agreement
must be commenced in the state or federal courts located in Cook County, Illinois. The parties consent to personal jurisdiction
and exclusive venue in such court, and waive any request to transfer such action out of such court for the convenience of the
parties and witnesses. HAVING HAD THE OPPORTUNITY TO CONSULT COUNSEL, THE PARTIES KNOWINGLY AND VOLUNTARILY WAIVE ALL RIGHTS TO
TRIAL BY JURY IN ANY ACTION (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY DOCUMENT
DELIVERED PURSUANT TO THIS AGREEMENT, AND/OR ITS PERFORMANCE UNDER OR THE ENFORCEMENT OF THIS AGREEMENT.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><B>14.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Entire Agreement and Amendments.</B> This Agreement constitutes the entire agreement between the parties regarding the
subject matters addressed herein; supersedes any and all prior or contemporaneous written or oral agreements, promises, representations,
and negotiations between the parties; and may be amended only by a later written agreement signed by both you and Lifeway. For
the sake of clarification, nothing in this Agreement shall affect your rights under any Company incentive or equity plan or any
award agreement or notice provided to you by the Company pursuant to such plan.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><B>15.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Successors and Assigns.</B> This Agreement is intended to bind and inure to the benefit of and be enforceable by you, Lifeway,
and any respective heirs, successors and assigns, except that you shall not have any right to assign or otherwise transfer this
Agreement, or any of your rights, duties, or any other interest herein to any party (excluding heirs and legatees and legal representatives)
without the prior written consent of Lifeway. Any such purported assignment shall be null and void. Lifeway may assign this Agreement
to any successor or assign to all or substantially all of the business or assets of the Company.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><B></B></FONT></P>

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    <!-- Field: /Page -->

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><B>16.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notice.</B> Notices and all other communications provided for in the Agreement (including the Notice of Termination) shall
be in writing and shall be deemed to have been duly given when personally delivered, sent by certified mail, return receipt requested,
postage prepaid, sent by e-mail with a hard copy by first-class mail, postage prepaid, addressed and/or sent to the respective
addresses (including e-mail addresses) last given by each party to the other, provided that all notices to Lifeway will be directed
to the attention of the Board with a copy to the General Counsel of the Company at Lifeway Foods, Legal Department, 6101 West
Gross Point Road, Niles, IL 60714. All notices and communications will be deemed to have been received on their date of delivery,
on the third business day after the certified mailing thereof, or on the date when the sender has confirmed e-mail receipt by
the addressee and has deposited a hard copy in the mail (as required above), except that notices of changes of address will be
effective only upon receipt.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><B>17.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Survival.</B> Upon the expiration or other termination of this Agreement, the respective rights and obligations of the
parties hereto shall survive such expiration or other termination to the extent necessary to carry out the intentions of the parties
under this Agreement.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><B>18.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Attorney Fees.</B> The Company agrees to reimburse you for attorney fees you incur in connection with the negotiation and
finalization of this Agreement in an amount not to exceed $12,500 in accordance with the Company&rsquo;s expense reimbursement
policy.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><B>19.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Execution in Counterparts; Electronic Copy.</B> This Agreement may be executed in one or more counterparts by facsimile
or other electronic means (<I>e.g.</I>, via portable document format (PDF)), each of which shall be considered an original instrument,
but all of which shall be considered one and the same agreement.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"></FONT></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="text-transform: uppercase; color: Black"><B>20.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT></B></FONT><B><FONT STYLE="color: Black">Acknowledgement of Full Understanding.</FONT></B><FONT STYLE="color: Black"> <FONT STYLE="text-transform: uppercase">YOU
ACKNOWLEDGE AND AGREE (I) THAT YOU HAD AN EQUAL OPPORTUNITY TO FULLY READ, UNDERSTAND, AND NEGOTIATE ALL OF THE TERMS OF THIS
AGREEMENT; (II) that this Agreement provides you valuable consideration to which you are not otherwise entitled, such as severance
benefits to which you may be entitled to hereunder and any equity-based incentive award(s) granted to you; (III) THAT YOU VOLUNTARILY
ENTER INTO THIS AGREEMENT; and (iv) THAT YOU HAVE HAD AN OPPORTUNITY TO ASK QUESTIONS AND CONSULT WITH AN ATTORNEY OF YOUR CHOICE
BEFORE SIGNING THIS AGREEMENT.</FONT></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="color: Black"><FONT STYLE="text-transform: uppercase">&nbsp;</FONT></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">IN WITNESS WHEREOF,
the parties hereto have executed this Agreement as of the date last below written.</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 45%"><B>Lifeway Foods, Inc.</B></TD>
    <TD STYLE="width: 10%"><B>&nbsp;</B></TD>
    <TD STYLE="width: 45%"><B>Executive</B></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>By: <U>/s/ Douglas A. Hass&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
    <TD>&nbsp;</TD>
    <TD>By: <U>/s/ Eric Hanson&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>Name: Douglas A. Hass</TD>
    <TD>&nbsp;</TD>
    <TD>Name: Eric Hanson</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>Title: General Counsel</TD>
    <TD>&nbsp;</TD>
    <TD>Date: 1/17/2019</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>Date: 1/18/2019</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 11 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>EXHIBIT
A</B></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>(Target
Cash Bonus)</B></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">For
the years ended December 31, 2018 and December 31, 2019, the cash incentive plan for you approved by the Board based on the recommendation
of the Chief Executive Officer and Chief Operating Officer includes a performance-based plan that provides for cash bonuses of
up to 30% of your Base Salary in each year if certain individual performance targets are met. <I>All Annual Bonuses are subject
to ratification by the Compensation Committee and/or the Board.</I></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 12 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></P>



<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>EXHIBIT
B</B></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B>(Target
Equity Bonus)</B></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black">For
the fiscal year ended December 31, 2019, the equity incentive plan for you will be approved by the Board, in consultation with
the Board&rsquo;s independent compensation consultant and the Chief Executive Officer and Chief Operating Officer, and will include
a performance-based plan that provides for a Target Equity Bonus if the Company meets the targets established by the Compensation
Committee and/or the Board. <I>All Annual Bonuses are subject to ratification by the Compensation Committee and/or the Board.</I></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><I>&nbsp;</I></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><I>&nbsp;</I></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><I>&nbsp;</I></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><I>&nbsp;</I></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><I>&nbsp;</I></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><I>&nbsp;</I></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><I>&nbsp;</I></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><I>&nbsp;</I></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><I>&nbsp;</I></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><I>&nbsp;</I></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><I>&nbsp;</I></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><I>&nbsp;</I></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><I>&nbsp;</I></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><I>&nbsp;</I></FONT></P>

<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><I></I></FONT></P>

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<P STYLE="color: #3F3F3F; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: Black"><I>&nbsp;</I></FONT></P>



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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
