0001437749-25-028031 Sample Contracts

Departure Agreement
Departure Agreement • August 29th, 2025 • SPAR Group, Inc. • Services-business services, nec

This Departure Agreement (this "Agreement") has been made and is effective as of August 25, 2025 (the "Effective Date"), by and between SPAR Group, Inc. a Delaware corporation, its affiliates and subsidiaries (collectively, the "Corporation"), and Kori G. Belzer ("Employee"). Employee and the Corporation may be referred to individually as a "Party" and collectively as the "Parties."

SUPPLEMENTAL MUTUAL RELEASE PURSUANT TO CHANGE OF CONTROL SEVERANCE AGREEMENT
Supplemental Mutual Release • August 29th, 2025 • SPAR Group, Inc. • Services-business services, nec

This Supplemental Mutual Release Pursuant to Change of Control Severance Agreement (“Supplemental Release”) is dated as of August 25, 2025, and entered into by and between Claimant Kori Belzer (“Claimant” or “Belzer”), and SPAR Group, Inc. (“SGRP” and together with its subsidiaries, the “Company”), and each of the Company’s past and current parents, subsidiaries, affiliates, related entities, owners, predecessors, successors, officers, directors, board members, employees, agents, consultants, representatives, attorneys, insurers, reinsurers, plan sponsors, trustees, committees, administrators, service providers, fiduciaries and assigns in their official and individual capacities (including SGRP and the other members of the Company, referred to individually as a “Released Party” and collectively as “Released Parties”), on the date last executed below. (Belzer and SGRP are sometimes hereinafter collectively referred to as “Parties” or singularly as a “Party”). This Supplemental Release i

EMPLOYMENT AGREEMENT
Employment Agreement • August 29th, 2025 • SPAR Group, Inc. • Services-business services, nec • North Carolina

This EMPLOYMENT AGREEMENT (the “Employment Agreement”) is made and entered into by and between SPAR GROUP, INC., a Delaware corporation (the “Company”), and WILLIAM LINNANE (the “Executive”), to be effective as of August 25, 2025 (such date, the “Effective Date”).

MUTUAL RELEASE OF CLAIMS
Mutual Release of Claims • August 29th, 2025 • SPAR Group, Inc. • Services-business services, nec

This Mutual Release of Claims (“Release”) is dated as of August 25, 2025 (the “Release Execution Date”), and entered into by and between Mike Matacunas (“Matacunas”), and SPAR Group, Inc. (“SGRP” and together with its subsidiaries, the “Company”), and each of the Company’s past and current parents, subsidiaries, affiliates, related entities, owners, predecessors, successors, officers, directors, board members, employees, agents, consultants, representatives, attorneys, insurers, reinsurers, plan sponsors, trustees, committees, administrators, service providers, fiduciaries and assigns in their official and individual capacities (including SGRP and the other members of the Company, referred to individually as a “Released Party” and collectively as “Released Parties”), on the date last executed below. (Matacunas and SGRP are sometimes hereinafter collectively referred to as “Parties” or singularly as a “Party”). This Release is the release that is referenced in Section 2 of the Transitio

CONSULTING SERVICES AGREEMENT
Consulting Services Agreement • August 29th, 2025 • SPAR Group, Inc. • Services-business services, nec
SUPPLEMENTAL MUTUAL RELEASE PURSUANT TO CHANGE OF CONTROL SEVERANCE AGREEMENT
Supplemental Mutual Release • August 29th, 2025 • SPAR Group, Inc. • Services-business services, nec

This Supplemental Mutual Release Pursuant to Change of Control Severance Agreement (“Supplemental Release”) is dated as of August 25, 2025, and entered into by and between Claimant Ron Lutz (“Claimant” or “Lutz”), and SPAR Group, Inc. (“SGRP” and together with its subsidiaries, the “Company”), and each of the Company’s past and current parents, subsidiaries, affiliates, related entities, owners, predecessors, successors, officers, directors, board members, employees, agents, consultants, representatives, attorneys, insurers, reinsurers, plan sponsors, trustees, committees, administrators, service providers, fiduciaries and assigns in their official and individual capacities (including SGRP and the other members of the Company, referred to individually as a “Released Party” and collectively as “Released Parties”), on the date last executed below. (Lutz and SGRP are sometimes hereinafter collectively referred to as “Parties” or singularly as a “Party”). This Supplemental Release is the m

TRANSITION AGREEMENT
Transition Agreement • August 29th, 2025 • SPAR Group, Inc. • Services-business services, nec • Michigan

THIS TRANSITION AGREEMENT (this “Agreement”), dated as of August 25, 2025 (the “Effective Date”), is by and between SPAR Group, Inc. a Delaware corporation (the “Corporation”), and Mike R. Matacunas (the “Executive”).