Document:

Document

Exhibit 10.03(b)

SPECIFIC TERMS IN THIS LETTER AGREEMENT HAVE BEEN REDACTED BECAUSE SUCH TERMS ARE BOTH NOT MATERIAL AND ARE OF A TYPE THAT EQT CORPORATION TREATS AS CONFIDENTIAL. THESE REDACTED TERMS HAVE BEEN MARKED IN THIS EXHIBIT AT THE APPROPRIATE PLACE WITH THREE ASTERISKS [***]. 
June 10, 2022
Rice Drilling B LLC
625 Liberty Avenue, Suite 1700
Pittsburgh, Pa  15222-3111
Attn: J.E.B. Bolen

RE:    King Hippo Pad Buyback Gas 
Dear Mr. Bolen: 
Reference is made to that certain Gas Gathering and Compression Agreement dated as of February 26, 2020 by and among EQT Corporation, EQT Production Company, Rice Drilling B LLC, and EQT Energy, LLC (collectively, “Producer”), and EQM Gathering Opco, LLC (“Gatherer”), as the same was amended by that certain First Amendment to Gas Gathering and Compression Agreement dated August 26, 2020, that Second Amendment to Gas Gathering and Compression Agreement dated December 6, 2021 and that Third Amendment to Gas Gathering Compression Agreement dated December 21, 2021 between Producer and Gatherer (as amended, the “Gathering Agreement”).  All capitalized terms used but not otherwise defined in this letter agreement (“Letter Agreement”) shall have the meanings (if any) ascribed to them in the Gathering Agreement.
WHEREAS, Producer has requested that Gatherer construct and install certain gathering facilities in order to commence delivering Dedicated Gas (“King Hippo Buyback Gas”) to the Delivery Point depicted on Exhibit A attached hereto (the “King Hippo Redelivery Point”) on or before July 11, 2022 (“Requested Service Date”) for the purpose of supporting Producer’s fracturing operations at the Producer’s Well Pad known as the King Hippo Well Pad (“King Hippo Well Pad”); and
 WHEREAS, Gatherer is willing to commence delivering King Hippo Buyback Gas received into the Gathering System to the King Hippo Redelivery Point on or before the Requested Service Date, subject to the terms and conditions hereof.
NOW, THEREFORE, Gatherer and Producer (collectively, “Parties” and each a “Party”), by execution of this Letter Agreement and in consideration of the mutual covenants contained herein, do hereby agree as follows:
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1.Work. 
(a)Subject to the terms and conditions of this Letter Agreement, Gatherer agrees to design, construct, install and remove the tap and piping as outlined below necessary to deliver a maximum instantaneous rate of 5,000 Mcfd of King Hippo Buyback Gas to the King Hippo Redelivery Point, including the following: Install 2" hot tap, install up to 200 feet of 2" temporary pipe below grade from main line (NIWR S003) to King Hippo well pad and perform pressure test, and ensure that the terminus of the Equitrans 2” fuel line consists of a 2” flanged above grade riser, 2” full port ball valve, and tapped blind flange with 1⁄2” needle valve. Additional piping, if required, will be the responsibility of the Producer.  Gatherer also agrees to install air bridge crossing, remove 2" temporary pipe, perform 12" pipe cut out to remove hot tap assembly and valve, install new 12" pipe section (approximately 10 feet), remove air bridge, perform x-ray and cleanup work (the “Work”). 
(b)Gatherer agrees to complete the Work on or before the Requested Service Date, except to the extent the completion of the Work is delayed by an event of Force Majeure or the actions or inactions of Producer.  Upon completion of the Work, the King Hippo Delivery Point shall represent a Redelivery Point for purposes of receiving Buyback Gas and shall be part of the Gathering System under and subject to the Gathering Agreement, including Section 3.10 thereof.
(c)Notwithstanding anything herein to the contrary, this Letter Agreement shall not amend or otherwise modify the obligations of the Parties with respect to the connection of any future Redelivery Points to the Gathering System under Section 3.10 of the Gathering Agreement and the other terms and conditions thereof. 
2.Producer Obligations.  Producer agrees to cooperate in good faith with Gatherer in seeking to obtain such permits and authorizations from the appropriate Governmental Authorities and the necessary consents, rights of way and other authorizations from other Persons necessary for Gatherer to commence and complete the Work.  
3.Work Fee.  Concurrently with the execution of this Letter Agreement, Producer agrees to pay to Gatherer [***] Dollars ($[***]) in immediately available funds, which amount represents payment in full for the Work.
4.Miscellaneous.  The terms and provisions of this Letter Agreement shall be binding on, and shall inure to the benefit of, the Parties and their respective successors and permitted assigns.  This Letter Agreement may be executed in any number of counterparts, and each such counterpart hereof shall be deemed to be an original instrument, but all of such counterparts shall constitute for all purposes one agreement.  Any signature hereto delivered by a Party by facsimile or other electronic transmission (including scanned documents delivered by email) shall be deemed an original signature hereto, and execution and delivery by such means shall be binding upon the Parties.

5.Effect of Letter Agreement.  The Parties acknowledge and agree that this Letter Agreement constitutes a written instrument executed by the Parties and fulfills the requirements of an amendment contemplated by Section 18.7 of the Gathering Agreement.  The Parties hereby ratify and confirm the Gathering Agreement, as amended hereby.  Except as expressly provided 
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herein, the provisions of the Gathering Agreement shall remain in full force and effect in accordance with their respective terms following the execution of this Letter Agreement.  In the event of any conflict or inconsistencies between this Letter Agreement and the Gathering Agreement, the terms and conditions of this Letter Agreement shall prevail.
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IN WITNESS WHEREOF, the Parties have executed this Letter Agreement as of the date first written above. 

									
	GATHERER:
			
	EQM GATHERING OPCO, LLC,

	a Delaware limited liability company

			
	By:		/s/ John M. Quinn

	Name:		John M. Quinn

	Title:		VP Business Development & Commercial Services

									
	PRODUCER:
			
	EQT CORPORATION,

	a Pennsylvania corporation

			
	By:		/s/ David Khani

	Name:		David Khani
	Title:		CFO
			
	EQT PRODUCTION COMPANY,

	a Pennsylvania corporation

			
	By:		/s/ J.E.B. Bolen

	Name:		J.E.B. Bolen
	Title:		VP Operations Planning
			
	RICE DRILLING B LLC,

	a Delaware limited liability company

			
	By:		/s/ J.E.B. Bolen

	Name:		J.E.B. Bolen
	Title:		VP Operations Planning
			
	EQT ENERGY, LLC,

	a Delaware limited liability company

			
	By:		/s/ Keith Shoemaker
	Name:		Keith Shoemaker
	Title:		SVP Commercial

EXHIBIT A
King Hippo Redelivery Point – Map
[***]Exhibit
10.1

 

SEPARATION
AND RELEASE AGREEMENT

 

This
Separation and Release Agreement (the “Agreement”) is by and between Sabina Rizvi (“Employee”)
and MusclePharm Corporation, a Nevada corporation (the “Company”).

 

WHEREAS,
Employee’s status as an employee and director of the Company will end effective July 22, 2022 (the “Termination Date”);
and

 

WHEREAS,
Employee and the Company desire to assure a smooth and effective transition of Employee’s duties and to wind-up their employment
relationship amicably; and

 

WHEREAS,
the payments and benefits being made available to Employee pursuant to this Agreement are intended to satisfy all outstanding obligations
under that certain employment agreement dated April 1, 2021, between Employee and the Company (the “Employment Agreement”).

 

NOW,
THEREFORE, in consideration of the mutual covenants and agreements hereinafter set forth, Employee and the Company, intending to be legally
bound, hereby agree as follows:

 

1.
Termination Date. Employee acknowledges that her status as an employee of the Company will end on the Termination Date. In addition,
Employee herby tenders her resignation as a director of the Company effective as of the Termination Date. Employee acknowledges that
her resignation as an officer and director of the Company is not based upon “Good Reason” as that term is defined in Section
5(a)(xvi) of that certain Original Issue Discount Senior Secured Note issued as of June 10, 2022.

 

2.
Effective Date. Employee has the opportunity to consider whether to sign this Agreement for twenty one (21) calendar days. Employee
also has seven (7) calendar days after she signs this Agreement to revoke her execution of this Agreement by providing written notice
to rafriedman@sheppardmullin.com. Employee understands that this Agreement is effective on the eighth day after Employee executes
and does not revoke this Agreement (the “Effective Date”). If Employee does not sign this Agreement, or timely revokes her
execution of this Agreement, it shall be of no force and effect.

 

3.
Separation Payments and Benefits. In exchange for Employee’s promises and covenants herein, the Company hereby agrees, subject
to Employee’s timely execution and non-revocation hereof and Employee’s compliance with Employee’s obligations pursuant
to this Agreement and the Surviving Provisions, to provide Employee the benefits set forth below:

 

(a)
Salary continuation through July 22, 2022.

 

(b)
Severance in the gross amount of One Hundred Sixty Two Thousand Five Hundred Dollars ($162,500) (the “Severance Payment”).
This amount shall be subject to all legally required and authorized deductions and withholdings. This amount shall be paid by direct
deposit in nine (9) equal installments of Eighteen Thousand Fifty Five Dollars and Fifty Six Cents ($18,055.56) on the date of each of
the Company’s next nine (9) pay periods following the Effective Date. Any failure to pay a Severance Payment on the due date shall
constitute a breach of this Agreement and, without any notice or cure provision, Employee shall be entitled to, in addition to any other
remedy in equity or law, received late fees of $750.00 per day;

 

    	-1-

    	 

    

 

(c)
Any unreimbursed expenses that have been presented to the Company pursuant to its policies and properly documented;

 

(d)
Benefits Coverage. Employee acknowledges that she has been advised that she has the opportunity to continue health coverage for
herself and her qualified dependents at her own cost under the Company’s group health plan in accordance with the Consolidated
Omnibus Budget Reconciliation Act (“COBRA”). However, Employer shall pay Employee a lump sum of $6260.25 concurrently with
the first Severance Payment, to offset the cost of such coverage.

 

(e)
Taxes. Employee understands and agrees that all payments under this Agreement, except for any expense reimbursement, will be subject
to appropriate tax withholding and other deductions, as and to the extent required by law.

 

(f)
Sole Separation Benefit. Employee agrees that benefits provided by this Agreement are not required under the Company’s normal
policies and procedures and are provided solely in connection with this Agreement. Employee further acknowledges and agrees that the
payments and benefits referenced in this Agreement constitute adequate and valuable consideration, in and of themselves, for the promises
contained in this Agreement.

 

(g)
Continued Obligations. Employee acknowledges and agrees that Employee shall continue to be subject to, and abide by, Employee’s
Confidentiality Agreement dated February 17, 2021 ( the “Confidentiality Agreement”), which shall continue to apply
and remain in full force and effect. The Employee further acknowledges and agrees that in order to comply with the Confidentiality Agreement,
from and after the Termination Date, Employee may not at any time nor in any venue speak about, or present or author any materials with
respect to the Company or its products without the Company’s advance written consent, whether at investor or analyst presentations
or otherwise, except upon request and at the direction of the Company, other than (i) to her legal counsel or tax or financial advisors,
(ii) as required by law or legal process, (iii) to the limited extent necessary to defend herself against any claims (1) brought by the
Company or (2) in relation to her work for the Company, (iv) statements made by Employee regarding the Company and/or its products that
do not breach the Confidentiality Agreement or Section 6(b) hereof, or (v) statements made by Employee regarding (a1l Employee’s
former position, titles, achievements, duties or responsibilities with the Company or any of its subsidiaries, or (2) Employee’s
role at the Company and/or role with respect to any Company products on which Employee worked, provided that (x) in the case of clauses
(1) and (2), such statements do not breach any of the Surviving Provisions or Section 6(b) of this Agreement, and (y) in the case of
clause (2), such statements contain only information about the Company or any of its products that is in the public domain or generally
known within the industry. (the foregoing clauses (i) through and including (v) are referred to collectively herein as the “Exceptions”)).
In addition, the Employee agrees that, if asked about the Company or its products by a third party having no involvement in Employee’s
performance of her obligations under Section 6(c), Employee will state that she is not an employee of the Company and, unless permitted
by one of the Exceptions (i) – (iii) or (v), will defer the question to the Company for response. If the Company believes that
Employee has breached any provision of this Agreement or the Confidentiality Agreement, then it shall provide Employee with written notice
of such alleged breach within 30 days after it has knowledge of the occurrence thereof and shall provide Employee with 30 days to cure
such alleged breach (any breach so cured shall not be deemed a breach of this Agreement or the Confidentiality Agreement). If the Employee
breaches this Agreement or the Confidentiality Agreement, and fails to cure said breach, the Company shall have no further obligation
to provide any payments pursuant to this Agreement.

 

    	-2-

    	 

    

 

4.
Full Payment; Termination of Employment Agreement. Other than as set forth in Section 3 above, Employee shall not be entitled
to any other payments including but not limited to bonuses, reimbursements, paid time off, commissions, or other cash or non-cash awards,
penalties, interest or attorneys’ fees, and Employee expressly represents that Employee has been compensated for all monies owed
to Employee from Employee’s employment with the Company. On the Termination Date, all provisions of the Employment Agreement, other
than the Confidentiality Agreement, shall terminate and Employee shall have no further rights thereunder.

 

5.
General Release. In consideration of entering into this Agreement and the mutual promises and monetary payments being made pursuant
to this Agreement, the Parties, as well as any of their respective parents, subsidiaries, affiliates, and their successors or assigns,
directors, officers, consultants, attorneys, representatives and employees, hereby knowingly and voluntarily waive and release all rights
and claims, known and unknown, which either party may have against the other or any of its respective subsidiaries, affiliates or successors,
or any of their current or former officers, directors, managers, employees, shareholders, agents, insurance carriers, auditors, accountants,
attorneys or representatives (collectively, the “Releasees”), including any and all charges, complaints, claims, liabilities,
obligations, promises, agreements, contracts, controversies, damages, actions, causes of action, suits, rights, demands, costs, losses,
debts and expenses of any kind. This includes, but is not limited to, any claim to any equity-based or similar type of award or incentive
with respect to the Releasees, including any claim for benefits under any stock option or other equity-based incentive plan of the Releasees
(or any related agreement, arrangement or understanding with any Releasee); any claim to accelerated vesting or post-termination or severance
benefits or payments that are or may become payable under any plan, arrangement, policy and agreement between Employee and the Company,
including, without limitation, the Employment Agreement, each stock option agreement entered into between Employee and the Company and
any agreement or policy with the Company under which Employee benefits, and any claims for employment discrimination, harassment, wrongful
termination, constructive termination, violation of public policy, breach of any express or implied contract, breach of any implied covenant,
fraud, intentional or negligent misrepresentation, emotional distress, defamation, breach of fiduciary duty, negligence, breach of confidentiality,
or any other claims, actual or potential, which in any way arise from or are related to Employee’s relationship with the Company,
including, without limitation, relating to Employee’s compensation, the termination of the employment relationship, or any other
conduct of the Company or Employee occurring up to and through the Effective Date. including, without limitation, any conduct currently
under investigation by the Board of Directors. This also includes a release of any claims under any federal, state or local laws or regulations,
including, but not limited to Title VII of the Civil Rights Act of 1964, as amended, 42 U.S.C. § 2000, et seq.; Americans with Disabilities
Act, as amended, 42 U.S.C. § 12101 et seq.; the Rehabilitation Act of 1973, as amended, 29 U.S.C. § 701 et seq.; Age Discrimination
in Employment Act, as amended, 29 U.S.C. § 621, et seq.; Civil Rights Act of 1866, and Civil Rights Act of 1991; 42 U.S.C. §
1981, et seq.; Equal Pay Act, as amended, 29 U.S.C. § 206(d); regulations of the Office of Federal Contract Compliance, 41 C.F.R.
Section 60, et seq.; The Family and Medical Leave Act, as amended, 29 U.S.C. § 2601 et seq.; the Fair Labor Standards Act of 1938,
as amended, 29 U.S.C. § 201 et seq.; the Employee Retirement Income Security Act, as amended, 29 U.S.C. § 1001 et seq.; the
Worker Adjustment and Retraining Notification Act, as amended, 29 U.S.C. § 2101 et seq.; the Federal False Claims Act, as amended,
31 U.S.C. §§ 3729 et seq.; the Dodd-Frank Wall Street Reform and Consumer Protection Act; the Texas Commission on Human Rights
Act, the Chapter 21 of the Texas Labor Code (the Texas Commission on Human Rights Act), the Texas Whistleblower Protection Statute, the
Texas Payday Act; the Texas Uniform Trade Secrets Act, the Nevada Fair Employment Practices Act, as amended (Nev. Rev. Stat. § 613.310),
the Nevada Equal Pay Act, as amended (Nev. Rev. Stat. § 608.017), the Nevada Unlawful Employment Practices Law (Nev. Rev. Stat.
§ 613.330 et seq.), the Nevada Wage and Hour Law (Nev. Rev. Stat. §§ 608.005-608.015), the Nevada Retaliatory Firing
Statute (Nev. Rev. Stat. § 613.340), and any other federal, state or local laws of similar effect. Notwithstanding the generality
of the foregoing, Employee does not release any claims which Employee may have to the following (collectively, the “Unreleased
Claims”): (i) claims for unemployment compensation or any state disability insurance benefits pursuant to the terms of applicable
state law, (ii) Employee’s right to continued participation in certain of the Company’s group benefit plans pursuant to the
terms and conditions of COBRA, (iii) Employee’s right to any payments and benefits under this Agreement (including, without limitation,
any of the payments and benefits set forth in Section 3), (iv) Employee’s right to vested benefits under the benefit plans of any
Releasee, including without limitation any vested stock options, and (v) Employee’s right to bring to the attention of the Equal
Employment Opportunity Commission claims of discrimination; provided, however, that Employee does release Employee’s right to secure
any damages for alleged discriminatory treatment. The matters that are the subject of the releases referred to in this Section 5 (and,
for the avoidance of doubt, excluding any Unreleased Claims) shall be referred to collectively as the “Released Matters.”).

 

6.
Transition; Non-Disparagement; Cooperation; Transfer of Company Property.

 

(a)
Transition. Both parties agree that they shall not make any internal or external communication addressing Employee’s separation
without the other parties’ consent and the parties agree that the Company shall prepare and issue any internal or external communication
regarding Employee’s separation and Employee shall collaborate with Company regarding the contents of said communication. The communication
shall only be issued with the consent of both parties as to the contents, which consent shall not be unreasonably withheld. An agreed-upon
internal statement and a statement for vendors and customers shall be released no later than July 29, 2022. Prior the issuance of said
statement, the parties shall respond to any inquiry regarding Employee’s termination by referring to the Company’s 8(k) disclosures
and stating that a more detailed statement will be issued before the end of the week.

 

    	-3-

    	 

    

 

(b)
Non-Disparagement. Employee agrees that Employee shall not at any time disparage or encourage or induce others to disparage the
Company, any of its subsidiaries, or any of their respective past and present, officers, directors, employees, products or services (the
“Company Parties”). The Company agrees that it shall (i) instruct its present directors and officers not to disparage
or encourage or induce others to disparage the Employee or her reputation (together, the “Employee Parties”) at any
time and (ii) not cause or direct any of its past or present employees or independent contractors to disparage or encourage or induce
others to disparage any of the Employee Parties. For purposes of this Section 6(b), the term “disparage” includes, without
limitation, comments or statements to the press, to the Company’s or any subsidiaries’ employees or to any individual or
entity with whom the Employee, the Company or any subsidiary thereof has a business relationship (including, without limitation, any
vendor, supplier, customer or distributor), or any public statement, that in each case is intended to, or can be reasonably expected
to, damage any of the Company Parties or the Employee Parties, as applicable. Notwithstanding the foregoing, nothing in this Section
6(b) shall prevent any person from making any truthful statement to the extent, but only to the extent (A) necessary with respect to
any litigation, arbitration or mediation in the forum in which such litigation, arbitration or mediation properly takes place, or (B)
required by law, legal process or by any court, arbitrator, mediator or administrative or legislative body (including any committee thereof)
with apparent jurisdiction over such person.

 

(c)
Cooperation. Commencing on the date hereof and continuing during the eighteen (18) month period after the Termination Date (the
“Cooperation Period”), Employee agrees to reasonably cooperate with the Company in its efforts (i) to prosecute or
defend itself against any claim, suit, demand or cause of action (not brought by the Company against Employee or by Employee against
the Company) about which Employee has knowledge and (ii) dealing with outside vendors about which Employee had knowledge during her employment
with the Company. Notwithstanding the immediately preceding sentence, following the Termination Date, (a) the Company shall provide Employee
with advance written notice of such required cooperation within a reasonable period of time prior to the date on which such cooperation
will be required, (b) such cooperation shall not create a conflict with any of Employee’s obligations or duties to her then current
employer, (c) such cooperation shall be provided at times and locations, and in a manner, that are mutually agreed between the Company
and Employee, (d) Employee shall not be required to devote more than 10 hours per month in providing any such cooperation, (e) the Employee
shall report to, and take direction from, only the Company’s counsel or Board of Directors in providing the cooperation described
above and (f) the Company shall reimburse Employee (in compliance with Code Section 409A) for all reasonable expenses incurred by her
in complying with the above sentence, subject to appropriate itemization and substantiation of such expenses. Employee agrees that, in
the event she is subpoenaed by any person or entity (including, but not limited to, any government agency) to give testimony (in a deposition,
court proceeding or otherwise) which in any way relates to her employment by the Company, Employee will give prompt notice of such request
to the Company, and will make no disclosure until the Company has had a reasonable opportunity to contest the right of the requesting
person or entity to such disclosure so long as compliance herewith does not require Employee to violate the law or the terms of the subpoena.

 

    	-4-

    	 

    

 

 

(d)
Indemnification. The Company agrees to indemnify and hold harmless Employee for damages arising from any claims, charges or litigation
asserted against the Company or Employee, consistent with Paragraph 5 General Release, relating to or arising out of her employment with,
and duties performed for, the Company. Such indemnification shall include providing counsel, or reimbursing all expenses for counsel
retained by Employee, in connection with the defense of such claims. This indemnification and hold harmless provision shall expressly
include, without limitation, any current litigation or claims against the Company or Employee.

 

(e)
Return of Company Property. Employee represents that on or before the Termination Date, Employee will return to the Company all
written Confidential Information (as defined in Section 9) in Employee’s possession (including, but not limited to, Company-provided
credit cards, building or office access cards, keys, computer or other business equipment, manuals, files, documents, records, software,
employee database and other data), and that Employee will not retain any copies, compilations, extracts, excerpts, abstracts, summaries
or other notes of any such manuals, files, documents, records, software, customer or employee database or other data files, memoranda,
records, and other documents, and any other physical or personal property which are the property of the Company and which Employee had
in Employee’s possession, custody or control, including any computers, cellular phones, tablets, PDAs or similar business equipment;
and provided, further, that if Employee has inadvertently retained non-material Confidential Information or property of the Company (“Covered
Information”), it shall not be a breach of this Agreement or the Confidentiality Agreement if (i) promptly after becoming aware
of her possession of such Covered Information Employee returns it to the Company, (ii) Employee has not disclosed such Covered Information
in violation of the Surviving Provisions, and (iii) no loss or damage that is more than de minimis has been caused to the Company as
a result of Employee’s retention of such Covered Information. Notwithstanding this Section 6(d), the Company may provide Employee
with Confidential Information and Company property in connection with her obligations under Section 6(c) hereof and Employee acknowledges
and agrees that she shall return all such Confidential Information and Company property within ten (10) days after the end of Employee’s
obligations under Section 6(c) hereof or such earlier date as is requested reasonably in advance in writing by the Company (with the
same procedures to apply regarding the inadvertent retention of Covered Information as set forth in the immediately preceding sentence).

 

7.
Employee Representations. Employee warrants and represents that (a) Employee has not filed or authorized the filing of any complaints,
charges or lawsuits against the Company with any governmental agency or court regarding any claims released in this Agreement, and that
if, unbeknownst to Employee, such a complaint, charge or lawsuit has been filed on Employee’s behalf, Employee will immediately
cause it to be withdrawn and dismissed, (b) Employee has been paid all compensation, wages, bonuses, commissions, and/or benefits to
which Employee may be entitled and no other compensation, wages, bonuses, paid time off, commissions and/or benefits are due to Employee,
except as provided in this Agreement, (c) Employee has no known workplace injuries or occupational diseases and has been provided and/or
has not been denied any leave requested under the Family and Medical Leave Act or any state law counterpart, (d) the execution, delivery
and performance of this Agreement by Employee does not and will not conflict with, breach, violate or cause a default under any agreement,
contract or instrument to which Employee is a party or any judgment, order or decree to which Employee is subject, (e) Employee has twenty
one (21) calendar days to consider this Agreement and whether to sign this Agreement, as well as seven (7) calendar days after she signs
this Agreement to revoke her execution of this Agreement; (f) Employee is executing this Agreement voluntarily and without any duress
or undue influence on the part or behalf of the Company, with full understanding of the terms and consequences, and has been advised
to consult with an attorney of her choosing, (g) upon the execution and delivery of this Agreement by the Company and Employee, this
Agreement will be a valid and binding obligation of Employee, enforceable in accordance with its terms and (h) the Employee agrees and
acknowledges that in executing this Agreement she does not rely and has not relied on any representation or statement by any of the Company
Parties with regard to the subject matter, basis or effect of this Agreement..

 

    	-5-

    	 

    

 

8.
Governing Law. This Agreement shall be construed and enforced in accordance with, and the rights of the parties hereunder shall
be governed by, the laws of the State of Nevada, without regard to any principles of conflicts of laws.

 

9.
Section 409A. It is intended that each installment of the payments provided hereunder constitute separate “payments”
for purposes of Treasury Regulation Section 1.409A-2(b)(2)(i). It is further intended that payments hereunder satisfy, to the greatest
extent possible, the exemption from the application of Code Section 409A provided under Treasury Regulation Section 1.409A-1(b)(4) (as
a “short-term deferral”). To the extent that any provision of this Agreement is ambiguous as to its compliance with Code
Section 409A, the provision will be read in such a manner so that all payments hereunder comply with Code Section 409A. To the extent
any expense reimbursement or the provision of any in-kind benefit under this Agreement is determined to be subject to Code Section 409A,
the amount of any such expenses eligible for reimbursement, or the provision of any in-kind benefit, in one calendar year shall not affect
the expenses eligible for reimbursement, or the amount of in-kind benefits to be provided, in any other calendar year (except for any
lifetime or other aggregate limitation applicable to medical expenses), in no event shall any expenses be reimbursed after the last day
of the calendar year immediately following the calendar year in which Employee incurred such expenses, and in no event shall any right
to reimbursement or the provision of any in-kind benefit be subject to liquidation or exchange for another benefit.

 

10.
Non-Admission of Liability. This Agreement and the fact that it was offered are not and shall not in any way be construed as admissions
by the Company or Employee that either has violated any federal, state or local law, statute or regulation, or acted wrongfully with
respect to the the other party or to any other person or entity in any manner. The Company and Employee each specifically disclaim any
liability to or wrongful acts against the Employee or any other person or entity.

 

11.
Miscellaneous. Except as otherwise provided herein, this Agreement, together constitutes the entire agreement between the parties
with regard to the subject matter hereof. Employee and the Company acknowledge that there are no other agreements, written, oral or implied
regarding such subject matter, and that neither the Company nor Employee may rely on any prior negotiations, discussions, representations
or agreements regarding the subject matter hereof. Whenever possible, each provision of this Agreement shall be interpreted in a manner
as to be effective and valid under applicable law, but if any provision shall be held to be prohibited or invalid under applicable law,
such provision shall be ineffective only to the extent of such prohibition or invalidity, without invalidating or affecting the remainder
of such provision or any of the remaining provisions of this Agreement. This Agreement may be modified only in writing, and such writing
must be signed by both Employee and the Company and recited that it is intended to modify this Agreement.

 

    	-6-

    	 

    

 

12.
Notice: All notices, requests, demands and other communications hereunder to either party shall be in writing and shall be delivered,
either by hand, by facsimile, by overnight courier or by certified mail, return receipt requested, duly addressed as indicated below
or to such changed address as the party may subsequently designate:

 

To
the Company: 

 

MusclePharm
Corporation

6728
W. Sunset Rd.

Suite
130

Las
Vegas, Nevada 89118

Attention:
Chief Executive Officer

 

with
a copy to (which shall not constitute notice):

 

Sheppard,
Mullin, Richter & Hampton LLP

30
Rockefeller Plaza

New
York, New York 10112

Attn:
Richard A. Friedman, Esq.

Email:
rafriedman@sheppardmullin.com

To
the Employee: 

 

Sabina
Rizvi

 

________________

 

________________

 

Email:
sabinathenorth@gmail.com

 

13.
Binding Effect: This Agreement shall be binding upon the Parties and upon their dependents, heirs, representatives, executors,
administrators, successors and assigns, and shall inure to the benefit of the Parties and their respective dependents, heirs, representatives,
executors, administrators, successors and assigns.

 

14.
No Presumption. This Agreement shall be construed and interpreted as if all of its language were prepared jointly by the Employee
and the Company. No language in this Agreement shall be construed against a party on the ground that such party drafted or proposed that
language.

 

15.
Execution of Counterparts. This Agreement may be executed in counterparts, but shall be construed as if signed in one document.
Facsimile or electronically transmitted signatures shall be given the same force and effect as original signatures with the Parties to
provide original signatures as soon as practicable.

 

16.
Further Actions. The Company and Employee agree that in case at any time after the Termination Date any further action is necessary
or desirable to carry out the purposes of this Agreement, including any documents requested by any underwriter or placement agent in
connection with any offering of the Company’s equity and/or debt securities, each of the parties hereto will take such further
action (including without limitation, the execution and delivery of such further instruments and documents) as any other party hereto
may reasonably request in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions
contemplated hereby.

 

(signature
page follows)

 

    	-7-

    	 

    

 

PLEASE
READ CAREFULLY. THIS AGREEMENT INCLUDES A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS BY EACH PARTY. To signify the Parties’ agreement
to the terms of this Agreement, the Parties have executed this Agreement on the date set forth beneath their signatures which appear
below.

 

	 	EMPLOYEE
	 	 
	 	 
	 	Sabina
    Rizvi
	 	Date:
    July 22, 2022
	 	 
	 	COMPANY

	 	 	 
	 	 
	 	Name:	Ryan
                                            Drexler

	 	Title:
	Chief
                                            Executive Officer

	 	Date:	July
    22, 2022

 

    	-8-

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