0001140361-22-012636 Sample Contracts

KASPIEN HOLDINGS INC. Personal and Confidential
Separation Agreement • April 1st, 2022 • Kaspien Holdings Inc. • Retail-record & prerecorded tape stores

Reference is made to the letter agreement dated July 5, 2019, as amended on July 20, 2019 from Kaspien Holdings Inc., which at the time was named Trans World Entertainment Corporation, (the “Company”) to you pursuant to which you have served as Chief Executive Officer of the Company and Chief Executive Officer of Kaspien Inc. (formerly known as etailz and referred to herein as “etailz”), a wholly-owned subsidiary of the Company (the “Letter Agreement”). This agreement (the “Agreement”) sets forth the terms of your separation from employment by the Company, etailz and their subsidiaries.

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Standard Contracts

SEVERANCE AND RESTRICTIVE COVENANT AGREEMENT
Severance and Restrictive Covenant Agreement • April 1st, 2022 • Kaspien Holdings Inc. • Retail-record & prerecorded tape stores • Washington

This Severance and Restrictive Covenant Agreement (the “Agreement”) is made as of the ___ day of July, 2020, between etailz Inc., a Washington corporation (together with its successors and Affiliates, the “Company”), and Brock Kowalchuk (the “Associate”).

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