Browse EX-10 agreements

EmploymentAgreement

ThisAGREEMENT(the"EmploymentAgreement")ismadeandenteredintoasofthis            23           April 2026 by and between

WellaInternationalOperationsSwitzerlandSàrlwhoseofficeisat Chemin Louis-Hubert 1 1213 Petit-Lancy, Genève, Switzerland(Hereinafter referred to as the "Employer" or "Company")

And

HugoKunetzof[*](Hereinafter referred to as the "Executive")

Itisherebyagreedbetweentheundersignedthefollowing:

1.TERMSOFEMPLOYMENT

TheExecutive'scontinuedemploymentwithWellaiscontingentupontheExecutivenot being subject to any limitation, obligation or agreement that would preclude his full-time employment with the Company or in any way restrict his ability to perform his duties as an Executive of the Company.

ByacceptingthisEmploymentAgreement,theExecutiveconfirmsthatheisnotbound by any employment restrictions, limitations or obligations that would prohibit or preclude himfrom continuinghis full-time employment with the Company.

TheExecutiveconfirmsthat,asatthedateofthisEmploymentAgreement,hehasthe right to work in Switzerland in the capacity required by this role and that any documentation provided to the Company in connection with the Company's right to work checks is genuine and correct.

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Private and Confidential

Frank Smalla

February 27, 2026

Dear Frank,

This is to document the terms agreed for your commuting arrangement, per the decision in the January 2025 People, Culture and Compensation Committee and replaces the language referencing travel and accommodation in the Employee Benefits section of your offer letter (dated March 2, 2023). The terms below are in effect as of July 1, 2025. Details as follows:

•Wella Company will reimburse you for reasonable commuting costs between [*] and New York. Commuting costs are defined as airfare and transportation to / from the airport to either your home or the Wella NY office, based on the company’s T&E policy and the submission of documentation and receipts.

•Wella Company will reimburse you for lodging during your working time in New York. This can be in the form of rent, at a maximum cost of $6,000 per month on an annual basis (based on the Company’s fiscal year). The Company will not cover the cost of utilities or any other costs that are not included in the rental payment. Alternatively, the Company will pay for your hotel stays in New York, aligned with the Company’s T&E policy. For clarity, the Company will not pay for any food or transportation during your time in New York (except in the case of business events / meals pursuant to the Company’s T&E policy).

•The above commuting and lodging benefits will be treated as fringe benefits and reported on your W-2. The Company will pay a gross-up amount to cover the combined state and federal tax obligations resulting from the fringe benefits.

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WELCOME TO WELLA COMPANY

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Dated as of February 10, 2026

PRIVATE AND CONFIDENTIAL

Glenn Murphy

[*]

							Re:	Second Amendment to Letter of Appointment

Dear Glenn,

The purpose of this letter (the “Amendment”) is to amend your Letter of Appointment dated January 31, 2023 (as previously amended by an amendment letter dated as of January 31, 2025, the “Prior Letter of Appointment”; and together with the Amendment, the “Letter ofAppointment”), between you, on the one hand, and Rainbow Capital Group Limited (“RainbowCapital”) and Rainbow UK Bidco Limited (the “Company”), on the other hand, pursuant to the terms set forth herein. Capitalized terms used herein and not defined herein shall have the meanings ascribed to such terms in the Prior Letter of Appointment. You agree as follows:

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DatedasofJanuary31,2025

PRIVATEANDCONFIDENTIAL

GlennMurphy

[*]

Re:AmendmenttoLetterofAppointment

Dear Glenn,

The purpose of this letter (the “Amendment”) is to amend your Letter of Appointment dated January31,2023(“InitialLetterofAppointment”;andtogetherwiththeAmendment,the“LetterofAppointment”),betweenyou,ontheonehand,andRainbowCapitalGroupLimited(“RainbowCapital”) and Rainbow UK Bidco Limited (the “Company”), on the other hand, pursuant to the terms set forth herein.Capitalized terms used herein and not defined herein shall have the meanings ascribed to such terms in the Initial Letter of Appointment.You agree as follows:

1.    Appointment:EffectiveasofJanuary22,2025,inadditiontoyourexistingresponsibilities, you shall be appointed as the Executive Director of the Company, reporting to the Board of the Company, and in such role you shall perform the duties of the “Chief Executive Officer”andshallbethesenior-mostexecutiveoftheCompanyandshallhavethepowers, authorities, and duties of management usually vested in the Chief Executive Officer directing the Company globally including its global leadership team currently located in Geneva, London, Germany and the United States. You shall devote the time necessary to the performance of such duties.The Company may, at any time, terminate your role as Executive Director of the Company.You will be a remote employee based in Toronto, Canada and will not have an office in New York State; and may be required to travel in accordance with your business needs. You will provide to the Company any information

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PRIVATE AND CONFIDENTIAL

Glenn Murphy

[Address]

[*]

[date]

31 January 2023

Dear Glenn,

Letter of appointment

Each of Rainbow Capital Group Limited (“Rainbow Capital”) and Rainbow UK Bidco Limited (the "Company") are pleased to ask you to undertake the post of director and chairman of the board of directors (the "Board") of the Company. The purpose of this letter is to set out the main terms of your appointment.

By accepting this appointment, you agree that this letter is a contract for services and is not a contract of employment, and you confirm that you are not subject to any restrictions which prevent you from holding office as a director.

1APPOINTMENT

1.1Rainbow Capital has agreed to appoint you, pursuant to article 18.2 of the articles of association of the Company with effect from the date of this letter, as a director and the chairman of the Company.

1.2Your appointment is subject to the Company’s articles of association, as amended from time to time (Articles). Nothing in this letter shall be taken to exclude or vary the terms of the Articles as they apply to you as a director of the Company.

1.3Continuation of your appointment is contingent on your continued satisfactory performance and any relevant statutory provisions relating to removal of a director. If you are retired from office under the Articles, your appointment shall terminate automatically, with immediate effect and without compensation.

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UPDATEDVERSION:MARCH9,2026

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Award Certificate

This agreement is dated ___________________

PARTIES

This agreement is made by:

RAINBOW CAPITAL GROUP LIMITED, a private limited company incorporated under the laws of Jersey (the Company), having its registered office at 2nd Floor, Sir Walter Raleigh House, 48-50 Esplanade, St. Helier, Jersey JE2 3QB and with registered company number 131574; and

[INSERT NAME OF EMPLOYEE] of [insert residential address of employee] (the Award Holder).

BACKGROUND

A.The Company adopted the 2022 RSU Management Equity Incentive Plan of the Wella Group for All Managers on 21 June 2022, as amended and/or restated from time to time (the Plan).

B.The Company wishes to grant an RSU under the Plan (the Award) to the Award Holder, on the terms specified in this agreement (the Award Certificate). Terms in this Award Certificate such as youand yourrefer to and address the Award Holder.

AGREED TERMS

1.INTERPRETATION

1.1The rules of the Plan (the Rules) are incorporated by reference into this Award Certificate. A term defined in the Rules shall have the same meaning in this Award Certificate, unless a contrary indication appears.

1.2A copy of the Rules has been provided to you and further copies may be obtained on request from the Company.

2.GRANT OF AWARD

2.1The Company hereby grants you an RSU in relation to [insert number] class [3]1[4]2ordinary shares in the capital of the Company (theAward Shares).

2.2The Grant Date of this Award shall be [ó].

3.VESTING OF AWARD

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Award Certificate

This agreement is dated ___________________

PARTIES

This agreement is made by:

[WELLA LUX MANCO S.C.SP, a special limited partnership (société en commandite speciale) organised under the laws of the Grand Duchy of Luxembourg (thePartnership), registered with the Luxembourg Trade and Companies Register (Registre de commerce et des société, Luxembourg) under number B253279, having its registered office at 2 rue Edward Steichen, L-2540 Luxembourg, Grand Duchy of Luxembourg and acting through its general partner, Wella Lux Manco GP S.à r.l, a Luxembourg private limited liability company (société à responsabilité limitée) incorporated and existing under the laws of the Grand Duchy of Luxembourg, having its registered office at 2 rue Edward Steichen, L-2540 Luxembourg, Grand Duchy of Luxembourg, and registered with the Luxembourg Trade and Companies Register (Registre de commerce et des sociétés, Luxembourg) under number B253265]1[WELLA LUX MANCO 2 S.C.SP, a special limited partnership (société en commandite speciale) organised under the laws of the Grand Duchy of Luxembourg (thePartnership), registered with the Luxembourg Trade and Companies Register (Registre de commerce et des société, Luxembourg) under number B268561, having its registered office at 2 rue Edward Steichen, L-2540 Luxembourg, Grand Duchy of Luxembourg and acting through its general partner, Wella Lux Manco GP S.à r.l, a Luxembourg private limited liability company (société à responsabilité limitée) incorporated and existing under the laws of the Grand Duchy of

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Award Certificate

This agreement is dated ____________________

PARTIES

This agreement is made by:

[WELLA LUX MANCO S.C.SP, a special limited partnership (société en commandite speciale) organised under the laws of the Grand Duchy of Luxembourg (thePartnership), registered with the Luxembourg Trade and Companies Register (Registre de commerce et des société, Luxembourg) under number B253279, having its registered office at 2 rue Edward Steichen, L-2540 Luxembourg, Grand Duchy of Luxembourg and acting through its general partner, Wella Lux Manco GP S.à r.l, a Luxembourg private limited liability company (société à responsabilité limitée) incorporated and existing under the laws of the Grand Duchy of Luxembourg, having its registered office at 2 rue Edward Steichen, L-2540 Luxembourg, Grand Duchy of Luxembourg, and registered with the Luxembourg Trade and Companies Register (Registre de commerce et des sociétés, Luxembourg) under number B253265]1[WELLA LUX MANCO 2 S.C.SP, a special limited partnership (société en commandite speciale) organised under the laws of the Grand Duchy of Luxembourg (thePartnership), registered with the Luxembourg Trade and Companies Register (Registre de commerce et des société, Luxembourg) under number B268561, having its registered office at 2 rue Edward Steichen, L-2540 Luxembourg, Grand Duchy of Luxembourg and acting through its general partner, Wella Lux Manco GP S.à r.l, a Luxembourg private limited liability company (société à responsabilité limitée) incorporated and existing under the laws of the Grand Duchy of

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Award Certificate

This agreement is dated ___________________

PARTIES

This agreement is made by:

RAINBOW CAPITAL GROUP LIMITED, a private limited company incorporated under the laws of Jersey (the Company), having its registered office at 2nd Floor, Sir Walter Raleigh House, 48-50 Esplanade, St. Helier, Jersey JE2 3QB and with registered company number 131574; and

[INSERT NAME OF EMPLOYEE] of [insert residential address of employee] (the Award Holder).

BACKGROUND

A.The Company adopted the 2022 RSU Management Equity Incentive Plan for the Bidco Board on 21 June 2022, as amended and/or restated from time to time (the Plan).

B.The Company wishes to grant an RSU under the Plan (the Award) to the Award Holder, on the terms specified in this agreement (the Award Certificate). Terms in this Award Certificate such as youand yourrefer to and address the Award Holder.

AGREED TERMS

1.INTERPRETATION

1.1The rules of the Plan (the Rules) are incorporated by reference into this Award Certificate. A term defined in the Rules shall have the same meaning in this Award Certificate, unless a contrary indication appears.

1.2A copy of the Rules has been provided to you and further copies may be obtained on request from the Company.

2.GRANT OF AWARD

2.1The Company hereby grants you an RSU in relation to (i) [insert number] class [2]1[3]2[4]3ordinary shares in the capital of the Company [and (ii) [insert number] B[2]4[3]5[4]6preference shares in the capital of the Company] (theAward Shares).

2.2The Grant Date of this Award shall be [l].

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