Document:

Exhibit
10.3

 

GUARANTY
AGREEMENT

 

This
GUARANTY AGREEMENT (this “Guaranty”) is executed as of December 20, 2021, by each of the Guarantors identified
on the signature pages hereto, and each other Person from time to time executing a joinder hereto for purposes of becoming a “Guarantor”
hereunder in accordance with Section 5.1(m) of the hereafter defined Loan Agreement (each, a “Guarantor” and,
collectively, the “Guarantors”), for the benefit of FVP SERVICING, LLC, in its capacity as administrative agent
for the Lenders under the Loan Agreement (as defined below) (the “Administrative Agent”), and the Lenders from time
to time party to the Loan Agreement. Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed
to such term in the Loan Agreement.

 

W
I T N E S S E T H:

 

A. Pursuant
to that certain Loan Agreement dated of even date herewith (as the same may be amended, modified, supplemented, replaced or otherwise
modified from time to time, the “Loan Agreement”) by and among Altitude International Holdings, Inc. and Trident Water,
LLC, as borrowers (individually and collectively, “Borrower”), Guarantors, Administrative Agent and the Lenders party
thereto, Lenders have agreed to make certain term loans to Borrower (collectively, the “Loan”). Lenders are not willing
to make the Loan, or otherwise extend credit, to Borrower unless each Guarantor unconditionally guarantees the payment and performance
to Lenders of the Guaranteed Obligations (as herein defined).

 

		B.	Each
                                            Guarantor will directly benefit from Lender’s making the Loan to Borrower.

 

NOW,
THEREFORE, as an inducement to Lenders to make the Loan to Borrower and to extend such additional credit as Lenders may from time to
time agree to extend under the Loan Documents, as an inducement to Administrative Agent and the Lenders to enter into the Loan Documents,
and for other good and valuable consideration, the receipt and legal sufficiency of which are hereby acknowledged, the parties do hereby
agree as follows:

 

ARTICLE
1

NATURE
AND SCOPE OF GUARANTY

 

Section
1.1 Guaranty of Obligation.

 

(a) Each
Guarantor hereby irrevocably and unconditionally jointly and severally guarantees to Administrative Agent and the Lenders and each of
their respective successors and assigns the payment and performance of the Guaranteed Obligations (as defined below) as and when the
same shall be due and payable, whether by lapse of time, by acceleration of maturity or otherwise. Each Guarantor hereby irrevocably
and unconditionally covenants and agrees that it is jointly and severally liable for the Guaranteed Obligations as a primary obligor.

 

(b) As
used herein, the term “Guaranteed Obligations” means the aggregate principal amount of all of the Obligations, whether
now existing or made subsequent hereto, or so much thereof as may be due and owing under the Loan Agreement or any of the other Loan
Documents, together with interest, fees, costs, expenses and any other sums owing under the Loan Agreement or any of the other Loan Documents
and all costs or expenses incurred by Administrative Agent or any Lender in the enforcement or collection of this Guaranty.

 

    	 

    	 

    

 

Section
1.2  Nature of Guaranty. This Guaranty is a continuing guaranty of payment and performance and not a guaranty of
collection. This Guaranty may not be revoked by any Guarantor and shall continue to be effective with respect to any Guaranteed
Obligations arising or created after any attempted revocation by such Guarantor and after (if any Guarantor is a natural person)
such Guarantor’s death (in which event this Guaranty shall be binding upon such Guarantor’s estate and such
Guarantor’s legal representatives and heirs). The fact that at any time or from time to time the Guaranteed Obligations may be
increased or reduced shall not release or discharge the obligation of any Guarantor hereunder with respect to the Guaranteed
Obligations. This Guaranty may be enforced by the Administrative Agent, Lenders and any subsequent holder of the Loan Agreement or
the Notes and shall not be discharged by the assignment or negotiation of all or part of the Loan Agreement, the Notes or the
Obligations.

 

Section
1.3 Guaranteed Obligations Not Reduced by Offset. The Guaranteed Obligations and the liabilities and obligations of Guarantors
hereunder shall not be reduced, discharged or released because or by reason of any existing or future offset, claim or defense of Borrower
or any other party against the Administrative Agent or Lenders or against payment of the Guaranteed Obligations, whether such offset,
claim or defense arises in connection with the Guaranteed Obligations (or the transactions creating the Guaranteed Obligations) or otherwise.

 

Section
1.4 Payment By Guarantor. If all or any part of the Guaranteed Obligations shall not be punctually paid when due, whether at demand,
maturity, acceleration or otherwise, each Guarantor shall, immediately upon demand by Administrative Agent and without presentment, protest,
notice of protest, notice of non-payment, notice of intention to accelerate the maturity, notice of acceleration of the maturity or any
other notice whatsoever, all such notices being hereby waived by each Guarantor, pay in lawful money of the United States of America,
the amount due on the Guaranteed Obligations to Lenders at Administrative Agent’s address as set forth herein. Such demand(s) may
be made at any time coincident with or after the time for payment of all or part of the Guaranteed Obligations and may be made from time
to time with respect to the same or different items of Guaranteed Obligations. Such demand shall be deemed made, given and received in
accordance with the notice provisions hereof.

 

Section
1.5 No Duty To Pursue Others. It shall not be necessary for Administrative Agent or any Lender (and Guarantor hereby waives any
rights which such Guarantor may have to require Lender), in order to enforce the obligations of Guarantors hereunder, first to (i) institute
suit or exhaust its remedies against Borrower or others liable on the Loan or the Guaranteed Obligations or any other Person, (ii) enforce
Administrative Agent’s or any Lender’s rights against any collateral which shall ever have been given to secure the Loan,
(iii) enforce Administrative Agent’s or any Lender’s rights against any other guarantors of the Guaranteed Obligations, (iv)
join Borrower or any others liable on the Guaranteed Obligations in any action seeking to enforce this Guaranty, (v) exhaust any remedies
available to Administrative Agent or Lenders against any collateral which shall ever have been given to secure the Loan or other Obligations,
or (vi) resort to any other means of obtaining payment of the Guaranteed Obligations. All of the remedies set forth herein and/or provided
for in or at law or equity shall be equally available to Administrative Agent, and the choice by Administrative Agent of one such remedy
over another shall not be subject to question or challenge by any Guarantor or any other Person, nor shall any such choice be asserted
as a defense, setoff, or failure to mitigate damages in any action, proceeding, or counteraction by Administrative Agent to recover or
seeking any other remedy under this Guaranty, nor shall such choice preclude Administrative Agent from subsequently electing to exercise
a different remedy.

 

    	2

    	 

    

 

Section
1.6 Waivers. Each Guarantor agrees to the provisions of the Loan Documents and hereby waives notice of (i) any loans or advances
made by Lenders to Borrower, (ii) acceptance of this Guaranty, (iii) any amendment or extension of the Note, the Loan Agreement or any
other Loan Document, (iv) the execution and delivery by Borrower, Administrative Agent and Lenders of any other loan or credit agreement
or of Borrower’s execution and delivery of any promissory note or other document arising under the Loan Documents, (v) the occurrence
of (A) any breach by Borrower of any of the terms or conditions of the Loan Agreement or any of the other Loan Documents, or (B) an Event
of Default, (vi) Administrative Agent’s or any Lender’s transfer or disposition of the Guaranteed Obligations, or any part
thereof, (vii) the sale or foreclosure (or the posting or advertising for the sale or foreclosure) of any collateral for the Guaranteed
Obligations, (viii) protest, proof of non-payment or default by Borrower, or (ix) any other action at any time taken or omitted by Administrative
Agent or any Lender and, generally, all demands and notices of every kind in connection with this Guaranty, the Loan Documents, any documents
or agreements evidencing, securing or relating to any of the Guaranteed Obligations and/or the obligations hereby guaranteed.

 

Section
1.7 Payment of Expenses. In the event that any Guarantor shall breach or fail to timely perform any provisions of this Guaranty,
Guarantors shall, immediately upon demand by Administrative Agent, pay all of Administrative Agent’s and each Lender’s costs
and expenses (including court costs and attorneys’ fees) incurred by Administrative Agent and Lenders in the enforcement hereof
or the preservation of all of Administrative Agent’s and each Lender’s rights hereunder, together with interest thereon from
the date requested by Administrative Agent until the date of payment to Administrative Agent and Lenders. The covenant contained in this
Section shall survive the payment and performance of the Guaranteed Obligations.

 

Section
1.8 Effect of Bankruptcy. In the event that pursuant to any insolvency, bankruptcy, reorganization, receivership or other debtor
relief law or any judgment, order or decision thereunder, Administrative Agent or any Lender must rescind or restore any payment or any
part thereof received by Administrative Agent or any Lender in satisfaction of the Guaranteed Obligations, as set forth herein, any prior
release or discharge from the terms of this Guaranty given to Guarantor by Administrative Agent or any Lender shall be without effect
and this Guaranty shall remain (or shall be reinstated to be) in full force and effect. It is the intention of Borrower and Guarantors
that Guarantor’s obligations hereunder shall not be discharged except by each Guarantor’s performance of such obligations
and then only to the extent of such performance.

 

Section
1.9 Waiver of Subrogation, Reimbursement and Contribution. Notwithstanding anything to the contrary contained in this Guaranty,
each Guarantor hereby unconditionally and irrevocably waives, releases and abrogates any and all rights it may now or hereafter have
under any agreement, at law or in equity (including, without limitation, any law subrogating Guarantor to the rights of Administrative
Agent and each Lender), to assert any claim against or seek contribution, indemnification or any other form of reimbursement from Borrower
or any other party liable for the payment of any or all of the Guaranteed Obligations for any payment made by Guarantors under or in
connection with this Guaranty or otherwise.

 

ARTICLE
2

EVENTS
AND CIRCUMSTANCES NOT REDUCING

OR DISCHARGING GUARANTOR’S OBLIGATIONS

 

Each
Guarantor hereby consents and agrees to each of the following and agrees that such Guarantor’s obligations under this Guaranty
shall not be released, diminished, impaired, reduced or adversely affected by any of the following and waives any common law, equitable,
statutory or other rights (including, without limitation, rights to notice) which such Guarantor might otherwise have as a result of
or in connection with any of the following:

 

Section
2.1 Modifications. Any renewal, extension, increase, modification, alteration or rearrangement of all or any part of the Guaranteed
Obligations, the Notes, the Loan Agreement, the other Loan Documents or any other document, instrument, contract or understanding between
Borrower, Administrative Agent and Lenders or any other parties pertaining to the Guaranteed Obligations or any failure of Administrative
Agent or any Lender to notify any such Guarantor of any such action.

 

    	3

    	 

    

 

Section
2.2 Adjustment. Any adjustment, indulgence, forbearance or compromise that might be granted or given by Administrative Agent or
any Lender to Borrower or any Guarantor.

 

Section
2.3 Condition of Borrower or Guarantor. The insolvency, bankruptcy, arrangement, adjustment, composition, liquidation, disability,
dissolution or lack of power of Borrower, any Guarantor or any other Person at any time liable for the payment of all or part of the
Guaranteed Obligations; or any dissolution of Borrower or any Guarantor or any sale, lease or transfer of any or all of the assets of
Borrower or any Guarantor or any changes in the direct or indirect shareholders, partners or members, as applicable, of Borrower or any
Guarantor; or any reorganization of Borrower or any Guarantor.

 

Section
2.4 Invalidity of Guaranteed Obligations. The invalidity, illegality or unenforceability of all or any part of the Guaranteed
Obligations or any document or agreement executed in connection with the Guaranteed Obligations for any reason whatsoever.

 

Section
2.5 Release of Obligors. Any full or partial release of the liability of Borrower for the Guaranteed Obligations or any part thereof,
or of any co-guarantors, or of any other Person now or hereafter liable, whether directly or indirectly, jointly, severally, or jointly
and severally, to pay, perform, guarantee or assure the payment of the Guaranteed Obligations, or any part thereof, it being recognized,
acknowledged and agreed by each Guarantor that such Guarantor may be required to pay the Guaranteed Obligations in full without assistance
or support from any other Person, and such Guarantor has not been induced to enter into this Guaranty on the basis of a contemplation,
belief, understanding or agreement that other Persons (including Borrower) will be liable to pay or perform the Guaranteed Obligations
or that Lenders will look to other Persons (including Borrower) to pay or perform the Guaranteed Obligations.

 

Section
2.6 Other Collateral. The taking or accepting of any other security, collateral or guaranty, or other assurance of payment, for
all or any part of the Guaranteed Obligations.

 

Section
2.7 Release of Collateral. Any release, surrender, exchange, subordination, deterioration, waste, loss or impairment (including,
without limitation, negligent, willful, unreasonable or unjustifiable impairment) of any collateral, property or security at any time
existing in connection with, or assuring or securing payment of, all or any part of the Guaranteed Obligations.

 

Section
2.8 Unenforceability. The fact that any collateral, security, security interest or lien contemplated or intended to be given,
created or granted as security for the repayment of the Guaranteed Obligations, or any part thereof, shall not be properly perfected
or created, or shall prove to be unenforceable or subordinate to any other security interest or lien, it being recognized and agreed
by each Guarantor that such Guarantor is not entering into this Guaranty in reliance on, or in contemplation of the benefits of, the
validity, enforceability, collectability or value of any of the collateral for the Guaranteed Obligations.

 

Section
2.9 Offset. Any existing or future right of offset, claim or defense of Borrower against Administrative Agent or any Lender, or
any other party, or against payment of the Guaranteed Obligations, whether such right of offset, claim or defense arises in connection
with the Guaranteed Obligations (or the transactions creating the Guaranteed Obligations) or otherwise.

 

Section
2.10 Merger. The reorganization, merger or consolidation of Borrower or any Guarantor into or with any other Person.

 

Section
2.11 Preference. Any payment by Borrower to Administrative Agent or any Lender are held to constitute a preference under bankruptcy
laws or for any reason Administrative Agent or any Lender is required to refund such payment or pay such amount to Borrower or to any
other Person.

 

    	4

    	 

    

 

Section
2.12 Other Actions Taken or Omitted. Any (a) defense based upon any legal disability or other defense of Borrower, any other
Guarantor or Person, or by reason of the cessation or limitation of the liability of Borrower from any cause other than full payment
and performance of those obligations of Borrower which are guaranteed hereunder; (b) any defense based upon any lack of authority of
the officers, directors, partners, managers, members or agents acting or purporting to act on behalf of Borrower, any Guarantor or
any principal of Borrower or any Guarantor, any defect in the formation of Borrower, any Guarantor or any principal of Borrower or
any Guarantor; (c) defense based upon the application by Borrower of the proceeds of the Guaranteed Obligations for purposes other
than the purposes represented by Borrower to Administrative Agent or any Lender or intended or understood by Administrative Agent or
any Lender or Guarantor; (d) and all rights and defenses arising out of an election of remedies by Administrative Agent or any
Lender, even though that election of remedies (such as a nonjudicial foreclosure, if available and/or permitted, with respect to
security for a guaranteed obligation) has or may have destroyed Guarantor’s rights of subrogation and reimbursement against
the principal by the operation of any applicable state law or otherwise; (e) defense based upon Administrative Agent or any
Lender’s failure to disclose to any such Guarantor any information concerning Borrower’s financial condition or any
other circumstances bearing on Borrower’s ability to pay and perform its obligations under this Guaranty or any of the other
Loan Documents, or upon the failure of any other principals of Borrower to guaranty the Guaranteed Obligations; (f) right of
subrogation, any right to enforce any remedy which Administrative Agent or any Lender may have against Borrower and any right to
participate in, or benefit from, any security for this Guaranty or the other Loan Documents; (g) presentment, demand, protest and
notice of any kind; (h) the benefit of any statute of limitations affecting the liability of any Guarantor hereunder or the
enforcement hereof to the extent permitted by law; and (i) duty or obligation on Administrative Agent or any Lender to proceed to
collect payment or performance of the obligations from, or to commence an action against, Borrower or any other Person, or to resort
to any security or to any balance of any deposit account or credit on the books of Administrative Agent or any Lender in favor of
Borrower or any other Person, despite any notice or request of any Guarantor to do so.

 

Section
2.13 Joint and Several Liability. THE LIABILITY OF EACH GUARANTOR UNDER THIS AGREEMENT SHALL BE JOINT AND SEVERAL WITH BORROWER
AND ALL OTHER GUARANTORS OF GUARANTEED OBLIGATIONS UNDER THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS.

 

ARTICLE
3

REPRESENTATIONS
AND WARRANTIES

 

To
induce Lenders to enter into the Loan Documents and to extend credit to Borrower, the Guarantors jointly and severally represent and
warrant to Administrative Agent and Lenders as follows:

 

Section
3.1 Benefit. Each Guarantor is an Affiliate of Borrower, and has received, or will receive, direct or indirect benefit from the
making of this Guaranty with respect to the Guaranteed Obligations.

 

Section
3.2 Familiarity and Reliance. Each Guarantor is familiar with, and has independently reviewed books and records regarding, the
financial condition of Borrower and is familiar with the value of any and all collateral intended to be created as security for the payment
of the Obligations or Guaranteed Obligations; however, no Guarantor is relying on such financial condition or the collateral as an inducement
to enter into this Guaranty.

 

Section
3.3 No Representation By Lender. Neither Administrative Agent, Lenders nor any other party has made any representation, warranty
or statement to any Guarantor in order to induce such Guarantor to execute this Guaranty.

 

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Section
3.4 Guarantor’s Financial Condition. As of the date hereof, and after giving effect to this Guaranty and the contingent
obligation evidenced hereby, each Guarantor (a) is and will be solvent, (b) has and will
have assets which, fairly valued, exceed its obligations, liabilities (including contingent liabilities) and debts, and (c) has and
will have property and assets sufficient to satisfy and repay its obligations and liabilities, including the Guaranteed
Obligations.

 

Section
3.5 Legality. The execution, delivery and performance by each Guarantor of this Guaranty and the consummation of the transactions
contemplated hereunder do not and will not contravene or conflict with any law, statute or regulation whatsoever to which Guarantor is
subject, or constitute a default (or an event which, with notice or lapse of time or both, would constitute a default) under, or result
in the breach of, any indenture, mortgage, charge, lien, contract, agreement or other instrument to which such Guarantor is a party or
which may be applicable to such Guarantor. This Guaranty is a legal and binding obligation of each Guarantor and is enforceable against
each Guarantor in accordance with its terms, except as limited by bankruptcy, insolvency or other laws of general application relating
to the enforcement of creditors’ rights.

 

Section
3.6 Survival. All representations and warranties made by Guarantors herein shall survive the execution hereof.

 

Section
3.7 Power and Authority. Each Guarantor has the power and authority, and the legal right, to execute and deliver this Guaranty
and to perform its obligations hereunder.

 

Section
3.8 Authorization; Execution and Delivery. The execution and delivery of this Guaranty by Guarantors and the performance of such
Guarantor’s obligations hereunder have been duly authorized by all necessary corporate or limited liability company action, as
applicable, in accordance with all Applicable Laws. Each Guarantor has duly executed and delivered this Guaranty.

 

ARTICLE
4

SUBORDINATION
OF CERTAIN INDEBTEDNESS

 

Section
4.1 Subordination of All Guarantor Claims. As used herein, the term “Guarantor Claims” shall mean all debts
and liabilities of Borrower to Guarantors, whether such debts and liabilities now exist or are hereafter incurred or arise, and whether
the obligations of Borrower thereon be direct, contingent, primary, secondary, several, joint and several, or otherwise, and irrespective
of whether such debts or liabilities be evidenced by note, contract, open account, or otherwise, and irrespective of the Person or Persons
in whose favor such debts or liabilities may, at their inception, have been, or may hereafter be, created, or the manner in which they
have been, or may hereafter be, acquired by Guarantors. The Guarantor Claims shall include, without limitation, all rights and claims
of Guarantor against Borrower (arising as a result of subrogation or otherwise) as a result of Guarantor’s payment of all or a
portion of the Guaranteed Obligations. So long as any portion of the Obligations or the Guaranteed Obligations remain outstanding, no
Guarantor shall receive or collect, directly or indirectly, from Borrower or any other Person any amount upon the Guarantor Claims.

 

Section
4.2 Claims in Bankruptcy. In the event of any receivership, bankruptcy, reorganization, arrangement, debtor’s relief or
other insolvency proceeding involving any Guarantor as a debtor, Administrative Agent and Lenders shall have the right to prove their
claim in any such proceeding so as to establish its rights hereunder and receive directly from the receiver, trustee or other court custodian
dividends and payments which would otherwise be payable upon Guarantor Claims. Each Guarantor hereby assigns such dividends and payments
to Administrative Agent for the ratable benefit of the Lenders. Should Administrative Agent receive, for application against the Guaranteed
Obligations, any dividend or payment which is otherwise payable to any Guarantor and which, as between Borrower and such Guarantor, shall
constitute a credit against the Guarantor Claims, then, upon payment to Administrative Agent for the ratable benefit of the Lenders in
full of the Obligations and the Guaranteed Obligations, such Guarantor shall become subrogated to the rights of Administrative Agent
and Lenders to the extent that such payments to Administrative Agent and Lenders on the Guarantor Claims have contributed toward the
liquidation of the Guaranteed Obligations, and such subrogation shall be with respect to that proportion of the Guaranteed Obligations
which would have been unpaid if Administrative Agent and Lenders had not received dividends or payments upon the Guarantor Claims.

 

    	6

    	 

    

 

Section
4.3 Payments Held in Trust. Notwithstanding anything to the contrary contained in this Guaranty, in the event that any Guarantor
should receive any funds, payments, claims and/or distributions which are prohibited by this Guaranty, such Guarantor agrees to hold
in trust for Administrative Agent and Lenders an amount equal to the amount of all funds, payments, claims and/or distributions so received,
and agrees that it shall have absolutely no dominion over the amount of such funds, payments, claims and/or distributions so received
except to pay such funds, payments, claims and/or distributions promptly to Administrative Agent for the ratable benefit of the Lenders,
and Guarantor covenants promptly to pay the same to Administrative Agent for the ratable benefit of the Lenders.

 

Section
4.4 Liens Subordinate. Each Guarantor agrees that any liens, security interests, judgment liens, charges or other encumbrances
upon Borrower’s assets securing payment of the Guarantor Claims shall be and remain inferior and subordinate to any liens, security
interests, judgment liens, charges or other encumbrances upon Borrower’s assets securing payment of the Guaranteed Obligations,
regardless of whether such encumbrances in favor of any Guarantor, Administrative Agent or any Lenders presently exist or are hereafter
created or attach. Without the prior written consent of Administrative Agent, Guarantor shall not (i) exercise or enforce any creditor’s
rights it may have against Borrower, or (ii) foreclose, repossess, sequester or otherwise take steps or institute any action or proceedings
(judicial or otherwise, including, without limitation, the commencement of, or the joinder in, any liquidation, bankruptcy, rearrangement,
debtor’s relief or insolvency proceeding) to enforce any liens, mortgages, deeds of trust, security interests, collateral rights,
judgments or other encumbrances on the assets of Borrower held by any Guarantor. The foregoing shall in no manner vitiate or amend, nor
be deemed to vitiate or amend, any prohibition in the Loan Documents against Borrower granting liens or security interests in any of
its assets to any Person other than Administrative Agent for the ratable benefit of the Lenders.

 

ARTICLE
5

COVENANTS

 

Section
5.1 Covenants. Until all of the Obligations and the Guaranteed Obligations have been paid in full, (i) no Guarantor shall sell,
pledge, mortgage or otherwise transfer any of its assets, or any interest therein, on terms materially less favorable than would be obtained
in an arms-length transaction, and (ii) within ninety (90) days following the end of each calendar year, each Guarantor acknowledges
and agrees to deliver to Administrative Agent, upon request, the financial statements and tax returns of such Guarantor along with such
other financial information as Lender may reasonably request.

 

Section
5.2 Prohibited Transactions. No Guarantor shall, at any time while a default in the payment of the Guaranteed Obligations has
occurred and is continuing, either (i) enter into or effectuate any transaction with any Affiliate which would reduce the Net Worth of
Guarantor, including, without limitation, the payment of any dividend or distribution to a shareholder, partner or member, as applicable,
or the redemption, retirement, purchase or other acquisition for consideration of any stock or other ownership interest in such Guarantor,
or (ii) sell, pledge, mortgage or otherwise transfer to any Person any of such Guarantor’s assets, or any interest therein. As
used in this Section 5.2, the term “Net Worth” means, with respect to any Guarantor as of any date of determination,
an amount equal to (i) such Guarantor’s, total assets as of such date, less (ii) such Guarantor’s total liabilities as of
such date, in each case, as determined in accordance with GAAP.

 

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ARTICLE
6

MISCELLANEOUS

 

Section
6.1 Waiver. No failure to exercise, and no delay in exercising, on the part of Administrative Agent or any Lender, any right hereunder
shall operate as a waiver thereof, nor shall any single or partial exercise thereof preclude any other or further exercise thereof or
the exercise of any other right. The rights of Administrative Agent and Lenders hereunder shall be in addition to all other rights provided
by law. No modification or waiver of any provision of this Guaranty, nor any consent to any departure therefrom, shall be effective unless
in writing and no such consent or waiver shall extend beyond the particular case and purpose involved. No notice or demand given in any
case shall constitute a waiver of the right to take other action in the same, similar or other instances without such notice or demand.

 

Section
6.2 Notices. All notices, demands, requests, consents, approvals or other communications (any of the foregoing, a
“Notice”) required, permitted or desired to be given hereunder shall be in writing and shall be sent by telefax
(with answer back acknowledged) or by registered or certified mail, postage prepaid, return receipt requested, or delivered by hand
or by reputable overnight courier, addressed to the party to be so notified at its address hereinafter set forth, or to such other
address as such party may hereafter specify in accordance with the provisions of this Section 6.2. Any Notice shall be deemed
to have been received: (a) three (3) days after the date such Notice is mailed, (b) on the date of sending by telefax if sent during
business hours on a Business Day (otherwise on the next Business Day), (c) on the date of
delivery by hand if delivered during business hours on a Business Day (otherwise on the next Business Day), and (d) on the next
Business Day if sent by an overnight commercial courier, in each case addressed to the parties as follows:

 

	 	If
    to Lender:	c/o
    Feenix Venture Partners, LLC
	 	 	1201
    Broadway, 7th Floor
	 	 	New
    York, NY 10001 Attn:
	 	 	Keith
    Lee Telephone:
	 	 	646.902.6645
	 	 	E-mail: klee@feenixpartners.com
	 	 	 
	 	with
    a copy to:	Kutak
    Rock LLP The
	 	 	Omaha
    Building 1650 Farnam Street
	 	 	Omaha,
    NE 68102 Attention:
	 	 	Joel
    L. Wiegert
	 	 	Email:
    joel.wiegert@kutakrock.com
	 	 	 
	 	If
    to Guarantor:	c/o
    Altitude International Holdings, Inc.
	 	 	4500
    SE Pine Valley Street
	 	 	Port
    Saint Lucie, FL 34952
	 	 	Attn:
    Gregory C. Breunich, CEO
	 	 	Telephone:
    941-730-9547
	 	 	Email:
    GBreunich@clubmedacademies.com

 

Any
party may change the address to which any such Notice is to be delivered by furnishing ten (10) days’ written notice of such change
to the other parties in accordance with the provisions of this Section 6.2. Notices shall be deemed to have been given on the
date set forth above, even if there is an inability to actually deliver any Notice because of a changed address of which no Notice was
given or there is a rejection or refusal to accept any Notice offered for delivery. Notice for any party may be given by its respective
counsel.

 

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Section
6.3 Invalid Provisions. If any provision of this Guaranty is held to be illegal, invalid, or unenforceable under present or future
laws effective during the term of this Guaranty, such provision shall be fully severable and this Guaranty shall be construed and enforced
as if such illegal, invalid or unenforceable provision had never comprised a part of this Guaranty, and the remaining provisions of this
Guaranty shall remain in full force and effect and shall not be affected by the illegal, invalid or unenforceable provision or by its
severance from this Guaranty, unless such continued effectiveness of this Guaranty, as modified, would be contrary to the basic understandings
and intentions of the parties as expressed herein.

 

Section
6.4 Amendments. This Guaranty may be amended only by an instrument in writing executed by Administrative Agent and each of the
other party(ies) against whom such amendment is sought to be enforced.

 

Section
6.5 Parties Bound; Assignment. This Guaranty shall be binding upon and shall inure to the benefit of the parties hereto and their
respective successors, permitted assigns, heirs and legal representatives. Administrative Agent and Lenders shall have the right to assign
or transfer its rights under this Guaranty in connection with any assignment of the Loan and the Loan Documents. Any assignee or transferee
of Lenders shall be entitled to all the benefits afforded to Lenders under this Guaranty. No Guarantor shall have the right to assign
or transfer its rights or obligations under this Guaranty without the prior written consent of Administrative Agent, and any attempted
assignment without such consent shall be null and void.

 

Section
6.6 Headings. Section headings are for convenience of reference only and shall in no way affect the interpretation of this Guaranty.

 

Section
6.7 Recitals. The recitals and introductory paragraphs hereof are a part hereof, form a basis for this Guaranty and shall be considered
prima facie evidence of the facts and documents referred to therein.

 

Section
6.8 Counterparts. To facilitate execution, this Guaranty may be executed in as many counterparts as may be convenient or required.
It shall not be necessary that the signature of, or on behalf of, each party, or that the signature of all persons required to bind any
party, appear on each counterpart. All counterparts shall collectively constitute a single instrument. It shall not be necessary in making
proof of this Guaranty to produce or account for more than a single counterpart containing the respective signatures of, or on behalf
of, each of the parties hereto. Any signature page to any counterpart may be detached from such counterpart without impairing the legal
effect of the signatures thereon and thereafter attached to another counterpart identical thereto except having attached to it additional
signature pages.

 

Section
6.9 Rights and Remedies. If any Guarantor becomes liable for any indebtedness owing by Borrower to Administrative Agent or any
Lender, by endorsement or otherwise, other than under this Guaranty, such liability shall not be in any manner impaired or affected hereby
and the rights of Lenders hereunder shall be cumulative of any and all other rights that Administrative Agent and Lenders may ever have
against such Guarantor. The exercise by Administrative Agent or any Lender of any right or remedy hereunder or under any other instrument,
or at law or in equity, shall not preclude the concurrent or subsequent exercise of any other right or remedy.

 

    	9

    	 

    

 

Section
6.10 Entirety. THIS GUARANTY EMBODIES THE FINAL,
ENTIRE AGREEMENT OF GUARANTORS, ADMINISTRATIVE AGENT AND LENDERS WITH RESPECT TO EACH SUCH GUARANTOR’S GUARANTY OF THE GUARANTEED
OBLIGATIONS AND SUPERSEDES ANY AND ALL PRIOR COMMITMENTS, AGREEMENTS, REPRESENTATIONS AND UNDERSTANDINGS, WHETHER WRITTEN OR ORAL, RELATING
TO THE SUBJECT MATTER HEREOF. THIS GUARANTY IS INTENDED BY GUARANTORS, ADMINISTRATIVE AGENT AND LENDERS AS A FINAL AND COMPLETE EXPRESSION
OF THE TERMS OF THE GUARANTY, AND NO COURSE OF DEALING BETWEEN GUARANTORS, ADMINISTRATIVE AGENT AND LENDERS, NO COURSE OF PERFORMANCE,
NO TRADE PRACTICES AND NO EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OR DISCUSSIONS OR OTHER EXTRINSIC EVIDENCE
OF ANY NATURE SHALL BE USED TO CONTRADICT, VARY, SUPPLEMENT OR MODIFY ANY TERM OF THIS GUARANTY. THERE ARE NO ORAL AGREEMENTS BETWEEN
GUARANTORS, ADMINISTRATIVE AGENT AND/OR ANY LENDER.

 

Section
6.11 Governing Law. This Guaranty and the other Loan Documents and any claim, controversy, dispute or cause of action (whether
in contract or tort or otherwise) based upon, arising out of or relating to this Guaranty or any of the other Loan Documents and the
transactions contemplated hereby shall be governed by the laws of the State of New York.

 

Section
6.12 Submission to Jurisdiction. Each Guarantor hereby irrevocably and unconditionally (i) agrees that any legal action, suit
or proceeding arising out of or relating to this Guaranty and the other Loan Documents may be brought in the courts of the State of New
York or of the United States of America for the Southern District of New York and (ii) submits to the exclusive jurisdiction of any such
court in any such action, suit or proceeding. Final judgment against Guarantor in any action, suit or proceeding shall be conclusive
and may be enforced in any other jurisdiction by suit on the judgment.

 

Section
6.13 Venue. Each Guarantor irrevocably and unconditionally waives, to the fullest extent permitted by Applicable Law, any objection
that it may now or hereafter have to the laying of venue of any action or proceeding arising out of or relating to this Guaranty and
the other Loan Documents in any court referred to in Section 6.12 and the defense of an inconvenient forum to the maintenance
of such action or proceeding in any such court.

 

Section
6.14 WAIVER OF JURY TRIAL. EACH GUARANTOR HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT
IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED
HEREBY WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY.

 

    	10

    	 

    

 

Section
6.15 Cooperation. Each Guarantor acknowledges that Administrative Agent and/or any Lender and its successors and assigns may (i)
sell this Guaranty, the Loan Agreements, the Notes and the other Loan Documents to one or more investors as a whole loan or in part,
(ii) participate the Loan secured by this Guaranty to one or more investors, (iii) deposit this Guaranty, the Loan Agreements, the Note
and the other Loan Documents with a trust, which trust may sell certificates to investors evidencing an ownership interest in the trust
assets, or (iv) otherwise sell the Loan or one or more interests therein to investors (the transactions referred to in clauses (i) through
(iv) are hereinafter each referred to as “Secondary Market Transaction”). Each Guarantor shall cooperate with Administrative
Agent and the Lenders in effecting any such Secondary Market Transaction and shall cooperate to implement all requirements imposed by
any of the rating agencies involved in any Secondary Market Transaction. Each Guarantor shall provide such information and documents
relating to such Guarantor and Borrower, as applicable, as Administrative Agent or the Lenders may reasonably request in connection with
such Secondary Market Transaction. In addition, each Guarantor shall make available to Administrative Agent all information concerning
its business and operations that Administrative Agent may reasonably request. Administrative Agent shall be permitted to share all such
information with the investment banking firms, Rating agencies, accounting firms, law firms and other third-party advisory firms involved
with the Loan and the Loan Documents or the applicable Secondary Market Transaction. It is understood that the information provided by
any Guarantor to Administrative Agent, including any and all financial statements provided to Lenders pursuant hereto, may ultimately
be incorporated into the offering documents for the Secondary Market Transaction and thus various investors and potential investors may
also see some or all of the information. Administrative Agent, Lenders and all of the aforesaid third-party advisors and professional
firms shall be entitled to rely on the information supplied by, or on behalf of, any such Guarantor in the form as provided by such Guarantor.
Administrative Agent and Lenders may publicize the existence of the Loan in connection with its marketing for a Secondary Market Transaction
or otherwise as part of its business development.

 

Section
6.16 Reinstatement in Certain Circumstances. If at any time any payment of the principal of or interest under the Loan or any
other amount payable by Borrower under the Loan Documents is rescinded or must be otherwise restored or returned upon the insolvency,
bankruptcy or reorganization of the Borrower or otherwise, each Guarantor’s obligations hereunder with respect to such payment
shall be reinstated as though such payment had been due but not made at such time.

 

Section
6.17 Gender; Number; General Definitions. Unless the context clearly indicates a contrary intent or unless otherwise specifically
provided herein, (a) words used in this Guaranty may be used interchangeably in the singular or plural form, (b) any pronouns used herein
shall include the corresponding masculine, feminine or neuter forms, (c) the word “Borrower” shall mean “each Borrower
from time to time under the Loan Agreement”, (d) the word “Lender” shall mean “Lenders and any subsequent holder
of a Note or otherwise party to the Loan Agreement”, (e) the word “Guarantor” shall mean each Guarantor and any subsequent
Guarantor from time to time party hereto, (f) the word “Note” shall mean “the Note and any other evidence of indebtedness
secured by the Loan Agreement”, including, without limitation, and additional notes issues under the Loan Agreement, (g) the word
“Property” shall include any portion of the Property and any interest therein, and (g) the phrases “attorneys’
fees”, “legal fees” and “counsel fees” shall include any and all attorneys’, paralegal and law clerk
fees and disbursements, including, but not limited to, fees and disbursements at the pre-trial, trial and appellate levels, incurred
or paid by Administrative Agent or Lenders in protecting its interest in the Collateral, and/or in enforcing its rights hereunder.

 

[NO
FURTHER TEXT ON THIS PAGE]

 

    	11

    	 

    

 

IN
WITNESS WHEREOF, Guarantors have executed this Guaranty as of the day and year first above written.

 

	 	GUARANTORS:
	 	 	 
	 	ALTITUDE
    SPORTS MANAGEMENT CORP.,
	 	a
    Wisconsin corporation
	 	 	 
	 	By:	/s/
    Gregory C. Breunich
	 	Name:	Gregory
    C. Breunich
	 	Title:	Authorized
    Signatory
	 	 	 
	 	BREUNICH
    HOLDINGS, INC.,
	 	a
    Delaware corporation
	 	 	 
	 	By:	/s/
    Gregory C. Breunich
	 	Name:	Gregory
    C. Breunich
	 	Title:	Authorized
    Signatory
	 	 	 
	 	CMA
    SOCCER LLC,
	 	a
    Florida limited liability company
	 	 	 
	 	By:	/s/
    Gregory C. Breunich
	 	Name:	Gregory
    C. Breunich
	 	Title:	Authorized
    Signatory
	 	 	 
	 	ITA-USA
    ENTERPRISE LLC,
	 	a
    Florida limited liability company
	 	 	 
	 	By:	/s/
    Gregory C. Breunich
	 	Name:	Gregory
    C. Breunich
	 	Title:	Authorized
    Signatory
	 	 	 
	 	NORTH
    MIAMI BEACH ACADEMY LLC,
	 	a
    Florida limited liability company
	 	 	 
	 	By:	/s/
    Gregory C. Breunich
	 	Name:	Gregory
    C. Breunich
	 	Title:	Authorized
    Signatory

 

SIGNATURE
PAGE TO GUARANTY AGREEMENT

 

    	 

    	 

    

 

	 	NVL
    VOLLEYBALL ACADEMY LLC,
	 	a
    Florida limited liability company
	 	 	 
	 	By:	/s/
    Gregory C. Breunich
	 	Name:	Gregory
    C. Breunich
	 	Title:	Authorized
    Signatory
	 	 	 
	 	SIX
    LOG CLEANING AND SANITIZING LLC,
	 	a
    Florida limited liability company
	 	 	 
	 	By:	/s/
    Gregory C. Breunich
	 	Name:	Gregory
    C. Breunich
	 	Title:	Authorized
    Signatory
	 	 	 
	 	ALTITUDE
    WELLNESS LLC,
	 	a
    Florida limited liability company
	 	 	 
	 	By:	/s/
    Gregory C. Breunich
	 	Name:	Gregory
    C. Breunich
	 	Title:	Authorized
    Signatory

 

SIGNATURE
PAGE TO GUARANTY AGREEMENT

 

    	 

    	 

    

 

	ACKNOWLEDGED,
    ACCEPTED AND AGREED TO BY:	 
	 	 
	FVP
    SERVICING, LLC,	 
	as
    Administrative Agent	 
	 	                               	 
	By:	/s/
    Keith Lee	 
	Name:	Keith
    Lee	 
	Title:	Manager	 

 

SIGNATURE
PAGE TO GUARANTY AGREEMENTEX-10.1

 Exhibit 10.1 

AMENDED AND RESTATED 

EMPLOYMENT AGREEMENT 
  

This Amended and Restated Employment Agreement (“Agreement”) is made between Cogent Biosciences, Inc., a Delaware corporation (the
“Company”), and John L. Green (the “Executive”) as of December 24, 2021 (the “Effective Date”). 

WHEREAS, the Company and the Executive are currently parties to that certain Employment Agreement, dated as of July 6, 2020 and as
amended effective October 13, 2020 (collectively, the “Prior Agreement”); 
 WHEREAS, pursuant to the Prior Agreement, the
Executive is currently employed as the Chief Financial Officer of the Company; and 
 WHEREAS, the Company and the Executive now wish to
amend and restate the Prior Agreement to set forth the ongoing terms of the Executive’s employment, commencing as of the Effective Date. 

NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 
 1. Employment. 

(a) Term. The term of this Agreement shall commence on the Effective Date and continue until the Date of Termination (as defined herein)
(such period shall hereinafter be referred to as the “Term”). No provision of this Agreement shall be construed as altering the “at will” nature of Executive’s employment, and the Executive’s employment may be
terminated at any time for any reason. 
 (b) Position and Duties. During the Term, the Executive shall continue to serve as the Chief
Financial Officer of the Company and shall have such powers and duties as may from time to time be prescribed by the Chairman of the Board of Directors of the Company (the “Board”) or the Chief Executive Officer of the Company (the
“CEO”) provided that such duties are consistent with the Executive’s position or other positions that he/she may hold from time to time. The Executive shall devote his/her full working time and efforts to the business and affairs of
the Company. Notwithstanding the foregoing, the Executive may serve on other boards of directors, with the approval of the CEO, or engage in religious, charitable or other community activities as long as such services and activities are disclosed to
the CEO and do not materially interfere with the Executive’s performance of his/her duties to the Company as provided in this Agreement. 

2. Compensation and Related Matters. 

(a) Base Salary. During the Term, the Executive’s initial annual base salary shall be $415,500.75. The Executive’s base salary
may be re-determined annually by the Board or the Compensation Committee. The base salary in effect at any given time is referred to herein as “Base Salary.” The Base Salary shall be payable
in a manner that is consistent with the Company’s usual payroll practices for senior executives. 

 (b) Incentive Compensation. During the Term, the Executive shall be eligible to
receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s target annual incentive compensation shall be 40% of his/her Base Salary. To earn incentive compensation, the
Executive must be employed by the Company on the day such incentive compensation is paid. 
 (c) Expenses. The Executive shall be
entitled to receive prompt reimbursement for all reasonable expenses incurred by him/her during the Term in performing services hereunder, in accordance with the policies and procedures then in effect and established by the Company for its senior
executive officers. 
 (d) Other Benefits. During the Term, the Executive shall be eligible to participate in or receive benefits
under the Company’s employee benefit plans in effect from time to time, subject to the terms of such plans. 
 (e) Vacations.
During the Term, the Executive shall be subject to the Company’s vacation policy as in effect from time to time at the Company. The Executive shall also be entitled to all paid holidays given by the Company to its executives. 

(f) Equity. During the Term, the Executive shall be eligible to receive equity awards under the Company’s equity compensation plans
in effect from time to time, subject to the terms of such plans and as determined by the Compensation Committee of the Board. 
 3.
Termination. During the Term, the Executive’s employment hereunder may be terminated without any breach of this Agreement under the following circumstances: 

(a) Death. The Executive’s employment hereunder shall terminate upon his/her death. 

(b) Disability. The Company may terminate the Executive’s employment if he/she is disabled and unable to perform the essential
functions of the Executive’s then existing position or positions under this Agreement with or without reasonable accommodation for a period of 180 days (which need not be consecutive) in any 12-month
period. If any question shall arise as to whether during any period the Executive is disabled so as to be unable to perform the essential functions of the Executive’s then existing position or positions with or without reasonable accommodation,
the Executive may, and at the request of the Company shall, submit to the Company a certification in reasonable detail by a physician selected by the Company to whom the Executive or the Executive’s guardian has no reasonable objection as to
whether the Executive is so disabled or how long such disability is expected to continue, and such certification shall for the purposes of this Agreement be conclusive of the issue. The Executive shall cooperate with any reasonable request of the
physician in connection with such certification. If such question shall arise and the Executive shall fail to submit such certification, the Company’s determination of such issue shall be binding on the Executive. Nothing in this
Section 3(b) shall be construed to waive the Executive’s rights, if any, under existing law including, without limitation, the Family and Medical Leave Act of 1993, 29 U.S.C. §2601 et seq. and the Americans with Disabilities
Act, 42 U.S.C. §12101 et seq. 

  
 2 

 (c) Termination by Company for Cause. The Company may terminate the Executive’s
employment hereunder at any time for Cause. For purposes of this Agreement, “Cause” shall mean: (i) conduct by the Executive constituting an intentional and material act of misconduct in connection with the performance of his/her
duties, including, without limitation, misappropriation of funds or property of the Company or any of its subsidiaries or affiliates other than the occasional, customary and de minimis use of Company property for personal purposes; (ii) the
commission by the Executive of any felony or a misdemeanor involving moral turpitude, deceit, dishonesty or fraud, or any conduct by the Executive that would reasonably be expected to result in material injury or reputational harm to the Company or
any of its subsidiaries and affiliates if he/she were retained in his/her position; (iii) continued non-performance by the Executive of his/her duties hereunder (other than by reason of the
Executive’s physical or mental illness, incapacity or disability) which has continued for more than 30 days following written notice of such non-performance from the CEO; (iv) a breach by the
Executive of any of the Continuing Obligations (as defined in Section 7 below) which has continued for more than 30 days following written notice of such breach from the CEO; (v) a material violation by the Executive of the Company’s
written employment policies which has continued for more than 30 days following written notice of such material violation from the CEO; or (vi) failure to cooperate with a bona fide internal investigation or an investigation by regulatory or
law enforcement authorities in Executive’s capacity as an employee of the Company, after being instructed by the Company to cooperate, or the willful destruction of or failure to preserve documents or other materials known to be relevant to
such investigation or the inducement of others to fail to cooperate or to produce documents or other materials in connection with such investigation. 

(d) Termination Without Cause. The Company may terminate the Executive’s employment hereunder at any time without Cause. Any
termination by the Company of the Executive’s employment under this Agreement which does not constitute a termination for Cause under Section 3(c) and does not result from the death or disability of the Executive under Section 3(a) or
(b) shall be deemed a termination without Cause. 
 (e) Termination by the Executive. The Executive may terminate his/her
employment hereunder at any time for any reason, including but not limited to Good Reason. For purposes of this Agreement, “Good Reason” shall mean that the Executive has complied with the “Good Reason Process” (hereinafter
defined) following the occurrence of any of the following events: (i) a material diminution in the Executive’s responsibilities, authority or duties, including a change in reporting relationship; (ii) a material diminution in the
Executive’s Base Salary except for across-the-board salary reductions based on the Company’s financial performance similarly affecting all or substantially all
senior management employees of the Company; (iii) a change in the geographic location at which the Executive provides services to the Company more than twenty (20) miles away from the current location unless Executive can reasonably
perform substantially all of his/her duties remotely with reasonable accommodation; or (iv) the material breach of this Agreement or material violation of the Company’s written employment policies by the Company. “Good Reason
Process” shall mean that (i) the Executive reasonably determines in good faith that a “Good Reason” condition has occurred; (ii) the Executive notifies the Company in writing of the first occurrence of the Good Reason
condition within 60 days of Executive’s discovery of such condition; (iii) the Executive cooperates in good faith with the Company’s efforts, for a period not less than 30 days following such notice (the “Cure Period”), to
remedy the condition; (iv) notwithstanding such efforts, the Good Reason condition continues to exist; and (v) the Executive terminates his/her employment within 60 days after the end of the Cure Period. If the Company cures the Good
Reason condition during the Cure Period, Good Reason shall be deemed not to have occurred; provided, however, that if the same Good Reason condition occurs again within 12 months thereafter, the Executive shall be entitled to terminate his/her
employment hereunder for Good Reason without having to comply with the Good Reason Process again. 

  
 3 

 (f) Notice of Termination. Except for termination as specified in Section 3(a),
any termination of the Executive’s employment by the Company or any such termination by the Executive shall be communicated by written Notice of Termination to the other party hereto. For purposes of this Agreement, a “Notice of
Termination” shall mean a notice which shall indicate the specific termination provision in this Agreement relied upon. 
 (g) Date
of Termination. “Date of Termination” shall mean: (i) if the Executive’s employment is terminated by his/her death, the date of his/her death; (ii) if the Executive’s employment is terminated on account of
disability under Section 3(b) or by the Company for Cause under Section 3(c), the date on which Notice of Termination is given; (iii) if the Executive’s employment is terminated by the Company under Section 3(d), the date on
which a Notice of Termination is given; (iv) if the Executive’s employment is terminated by the Executive under Section 3(e) other than for Good Reason, 14 days after the date on which a Notice of Termination is given unless an
earlier effective date is provided in such Notice of Termination, and (v) if the Executive’s employment is terminated by the Executive under Section 3(e) for Good Reason, the date on which a Notice of Termination is given after the
end of the Cure Period. Notwithstanding the foregoing, in the event that the Executive gives a Notice of Termination to the Company, the Company may unilaterally accelerate the Date of Termination and such acceleration shall not result in a
termination by the Company for purposes of this Agreement. 
 4. Compensation Upon Termination. 

(a) Termination Generally. If the Executive’s employment with the Company is terminated for any reason, the Company shall pay or
provide to the Executive (or to his/her authorized representative or estate) (i) (A) any Base Salary earned through the Date of Termination and any unpaid expense reimbursements (subject to, and in accordance with, Section 2(c) of this
Agreement); (B) and unused vacation that accrued through the Date of Termination; and, (C) if the Date of Termination occurs on or between January 1 and March 14 and provided that the Executive’s employment is terminated for any
reason other than a termination by the Company for Cause under Section 3(c) or by the Executive without Good Reason under Section 3(e), an amount equal to the Executive’s target bonus for the preceding year if annual incentive
compensation for the preceding year has not been paid by the Company as of the Date of Termination, all on or before the time required by law but in no event more than 30 days after the Executive’s Date of Termination; and (ii) any vested
benefits the Executive may have under any employee benefit plan of the Company through the Date of Termination, which vested benefits shall be paid and/or provided in accordance with the terms of such employee benefit plans (collectively, the
“Accrued Benefit”). 

  
 4 

 (b) Termination by the Company Without Cause or by the Executive for Good Reason.
During the Term, if the Executive’s employment is terminated by the Company without Cause as provided in Section 3(d), or the Executive terminates his/her employment for Good Reason as provided in Section 3(e), then the Company shall
pay the Executive his/her Accrued Benefit. In addition, subject to (i) the Executive signing a separation agreement and release in a form and manner satisfactory to the Company, which shall include, without limitation, a general release of
claims against the Company and all related persons and entities, a reaffirmation of all of the Executive’s Continuing Obligations, and, in the Company’s sole discretion, a twelve (12) month post-employment noncompetition agreement,
and shall provide that if the Executive breaches any of the Continuing Obligations, all payments by the Company to the Executive pursuant to this Section 4(b) shall immediately cease (the “Separation Agreement and Release”), and
(ii) the Separation Agreement and Release becoming irrevocable, all within 60 days after the Date of Termination (or such shorter period as set forth in the Separation Agreement and Release), which shall include a seven (7) business day
revocation period: 
 (i) the Company shall pay the Executive a lump sum in cash in an amount equal to the sum of
(A) twelve (12) months of the Executive’s current Base Salary plus (B) an amount equal to the Executive’s target bonus for the year in which such termination occurs pro-rated based
on the portion of such year that the Executive was employed by the Company; and 
 (ii) notwithstanding anything to the
contrary in any applicable option agreement or other stock-based award agreement, all time-based stock options and other stock-based awards subject to time-based vesting held by the Executive (including performance grants with a time-based vesting
component but only if the applicable performance metric(s) have been achieved prior the Date of Termination) and which would have vested if he/she had remained employed for an additional nine (9) months following the Date of Termination (the
“Time-Based Equity Awards”) shall immediately accelerate and become fully exercisable or nonforfeitable as of the later of (i) the Date of Termination or (ii) the Effective Date of the Separation Agreement and Release (the
“Accelerated Vesting Date”); provided that any termination or forfeiture of any shares that may accelerate pursuant this subsection will be delayed until the Effective Date of the Separation Agreement and Release and will only occur
if the vesting pursuant to this subsection does not occur due to the absence of the Separation Agreement and Release becoming fully effective within the time period set forth therein. Notwithstanding the foregoing, no additional vesting of the
Time-Based Equity Awards shall occur during the period between the Executive’s Date of Termination and the Accelerated Vesting Date; and 
  

  
 5 

 (iii) if the Executive was participating in the Company’s group health
plan immediately prior to the Date of Termination and elects COBRA health continuation, then the Company shall pay to the Executive a monthly cash payment for nine (9) months or the Executive’s COBRA health continuation period, whichever
ends earlier, in an amount equal to 100% of the Executive’s monthly COBRA premiums for himself/herself and his/her eligible dependents; and 

(iv) The amounts payable under this Section 4(b) shall be paid or commence to be paid within 60 days after the Date of
Termination; provided, however, that if the 60-day period begins in one calendar year and ends in a second calendar year, such payments shall be paid or commence to be paid in the second calendar year by the
last day of such 60-day period; provided, further, that the initial payment shall include a catch-up payment to cover amounts retroactive to the day immediately
following the Date of Termination. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Section 7 of this Agreement and fails to cure such breach (if curable) within 30 days following written notice of
such breach from the CEO, all payments under this Section 4(b) may be terminated by written notice to Executive. 
 5. Change in
Control Payment. The provisions of this Section 5 set forth certain terms of an agreement reached between the Executive and the Company regarding the Executive’s rights and obligations upon the occurrence of a Change in Control of the
Company. These provisions are intended to assure and encourage in advance the Executive’s continued attention and dedication to his/her assigned duties and his/her objectivity during the pendency and after the occurrence of any such event.
These provisions shall apply in lieu of, and expressly supersede, the provisions of Section 4(b) regarding severance pay and benefits upon a termination of employment, if such termination of employment occurs within 12 months after the
occurrence of the first event constituting a Change in Control. These provisions shall terminate and be of no further force or effect beginning 12 months after the occurrence of a Change in Control. 

(a) Change in Control. During the Term, if within 12 months after a Change in Control, the Executive’s employment is terminated by
the Company without Cause as provided in Section 3(d) or the Executive terminates his/her employment for Good Reason as provided in Section 3(e), then, in addition to the Accrued Benefits, and subject to (i) the signing of the
Separation Agreement and Release by the Executive, which shall be defined in the same manner as set forth in Section 4(b), except that it shall provide that if the Executive breaches any of the Continuing Obligations and fails to cure such
breach (if curable) within 30 days following written notice of such breach from the CEO, all payments by the Company to the Executive pursuant to this Section 5(a) may be terminated by written notice to Executive, and (ii) the Separation
Agreement and Release becoming irrevocable, all within 60 days after the Date of Termination (or such shorter period as set forth in the Separation Agreement and Release): 

(i) the Company shall pay the Executive a lump sum in cash in an amount equal to the sum of (A) twelve (12) months
of the Executive’s current Base Salary (or the Executive’s Base Salary in effect immediately prior to the Change in Control, if higher) plus (B) 100% percent of the Executive’s target bonus for the then-current year (the “Change
in Control Payment”); and 

  
 6 

 (ii) notwithstanding anything to the contrary in any applicable option
agreement or other stock-based award agreement, all stock options and other stock-based awards held by the Executive (including performance grants with a time-based vesting component but only if the applicable performance metric(s) have been
achieved prior the Date of Termination) shall immediately accelerate and become fully exercisable or nonforfeitable as of the Accelerated Vesting Date; provided that any termination or forfeiture of any shares that may accelerate pursuant to
this subsection will be delayed until the Effective Date of the Separation Agreement and Release and will only occur if the vesting pursuant to this subsection does not occur due to the absence of the Separation Agreement and Release becoming fully
effective within the time period set forth therein; and 
 (iii) if the Executive was participating in the Company’s
group health plan immediately prior to the Date of Termination and elects COBRA health continuation, then the Company shall pay to the Executive a monthly cash payment for twelve (12) months or the Executive’s COBRA health continuation
period, whichever ends earlier, in an amount equal to 100% of the Executive’s monthly COBRA premiums for himself/herself and his/her eligible dependents; and 

(iv) The amounts payable under this Section 5(a) shall be paid or commence to be paid within 60 days after the Date of
Termination; provided, however, that if the 60-day period begins in one calendar year and ends in a second calendar year, such payments shall be paid or commence to be paid in the second calendar year by the
last day of such 60-day period; provided, further, that the initial payment shall include a catch-up payment to cover amounts retroactive to the day immediately
following the Date of Termination. 
 (b) Additional Limitation. 

(i) Anything in this Agreement to the contrary notwithstanding, in the event that the amount of any compensation, payment or
distribution by the Company to or for the benefit of the Executive, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise, calculated in a manner consistent with Section 280G of the Code
and the applicable regulations thereunder (the “Aggregate Payments”), would be subject to the excise tax imposed by Section 4999 of the Code, then the Aggregate Payments shall be reduced to the extent necessary so that no portion of
the Aggregate Payments would be subject to the excise tax. In such event, the Aggregate Payments shall be reduced in the following order: (1) cash payments not subject to Section 409A of the Code; (2) cash payments subject to
Section 409A of the Code; (3) equity-based payments and acceleration; and (4) non-cash forms of benefits. To the extent any payment is to be made over time (e.g., in installments, etc.), then
the payments shall be reduced in reverse chronological order. 
 (ii) The determination of the reduction provided in
Section 5(b)(i) shall be made by a nationally recognized accounting firm selected by the Company (the “Accounting Firm”), which shall provide detailed supporting calculations both to the Company and the Executive within 15 business
days of the Date of Termination, if applicable, or at such earlier time as is reasonably requested by the Company or the Executive. Any determination by the Accounting Firm shall be binding upon the Company and the Executive. 

  
 7 

 (c) Definitions. For purposes of this Section 5, the following terms shall have
the following meanings: 
 “Change in Control” shall mean any of the following: 

(i) any “person,” as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended
(the “Act”) (other than the Company, any of its subsidiaries, or any trustee, fiduciary or other person or entity holding securities under any employee benefit plan or trust of the Company or any of its subsidiaries), together with all
“affiliates” and “associates” (as such terms are defined in Rule 12b-2 under the Act) of such person, shall become the “beneficial owner” (as such term is defined in Rule 13d-3 under the Act), directly or indirectly, of securities of the Company representing 50 percent or more of the combined voting power of the Company’s then outstanding securities having the right to vote
in an election of the Board (“Voting Securities”) (in such case other than as a result of an acquisition of securities directly from the Company); or 

(ii) the date a majority of the members of the Board is replaced during any 12-month
period by directors whose appointment or election is not endorsed by a majority of the members of the Board before the date of the appointment or election; or 

(iii) the consummation of (A) any consolidation or merger of the Company where the stockholders of the Company,
immediately prior to the consolidation or merger, would not, immediately after the consolidation or merger, beneficially own (as such term is defined in Rule 13d-3 under the Act), directly or indirectly,
shares representing in the aggregate more than 50 percent of the voting shares of the Company issuing cash or securities in the consolidation or merger (or of its ultimate parent corporation, if any), or (B) any sale or other transfer (in
one transaction or a series of transactions contemplated or arranged by any party as a single plan) of all or substantially all of the assets of the Company. 

Notwithstanding the foregoing, a “Change in Control” shall not be deemed to have occurred for purposes of the foregoing clause
(i) solely as the result of an acquisition of securities by the Company which, by reducing the number of shares of Voting Securities outstanding, increases the proportionate number of Voting Securities beneficially owned by any person to
50 percent or more of the combined voting power of all of the then outstanding Voting Securities; provided, however, that if any person referred to in this sentence shall thereafter become the beneficial owner of any additional shares of
Voting Securities (other than pursuant to a stock split, stock dividend, or similar transaction or as a result of an acquisition of securities directly from the Company) and immediately thereafter beneficially owns 50 percent or more of
the combined voting power of all of the then outstanding Voting Securities, then a “Change in Control” shall be deemed to have occurred for purposes of the foregoing clause (i). 

  
 8 

 6. Section 409A. 

(a) Anything in this Agreement to the contrary notwithstanding, if at the time of the Executive’s separation from service within the
meaning of Section 409A of the Code, the Company determines that the Executive is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the extent any payment or benefit that the Executive
becomes entitled to under this Agreement or otherwise on account of the Executive’s separation from service would be considered deferred compensation otherwise subject to the 20 percent additional tax imposed pursuant to
Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six (6) months and
one (1) day after the Executive’s separation from service, or (B) the Executive’s death. If any such delayed cash payment is otherwise payable on an installment basis, the first payment shall include a catch-up payment covering amounts that would otherwise have been paid during the six-month period but for the application of this provision, and the balance of the
installments shall be payable in accordance with their original schedule. 
 (b) All in-kind benefits
provided and expenses eligible for reimbursement under this Agreement shall be provided by the Company or incurred by the Executive during the time periods set forth in this Agreement. All reimbursements shall be paid as soon as administratively
practicable, but in no event shall any reimbursement be paid after the last day of the taxable year following the taxable year in which the expense was incurred. The amount of in-kind benefits provided or
reimbursable expenses incurred in one taxable year shall not affect the in-kind benefits to be provided or the expenses eligible for reimbursement in any other taxable year (except for any lifetime or other
aggregate limitation applicable to medical expenses). Such right to reimbursement or in-kind benefits is not subject to liquidation or exchange for another benefit. 

(c) To the extent that any payment or benefit described in this Agreement constitutes
“non-qualified deferred compensation” under Section 409A of the Code, and to the extent that such payment or benefit is payable upon the Executive’s termination of employment, then such
payments or benefits shall be payable only upon the Executive’s “separation from service.” The determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in
Treasury Regulation Section 1.409A-1(h). 
 (d) The parties intend that this Agreement will be
administered in accordance with Section 409A of the Code. To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments
hereunder comply with Section 409A of the Code. Each payment pursuant to this Agreement or the Restrictive Covenants Agreement is intended to constitute a separate payment for purposes of Treasury Regulation
Section 1.409A-2(b)(2). The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all
related rules and regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. 

(e) The Company makes no representation or warranty and shall have no liability to the Executive or any other person if any provisions of this
Agreement are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section. 

  
 9 

 7. Continuing Obligations. 

(a) Restrictive Covenants Agreement. As a condition of the Executive’s continued employment, the Executive is required to remain a
party to the Employee Confidentiality, Non-Solicitation and Inventions Agreement that the Executive and the Company previously entered into in connection with the Prior Agreement (the “Restrictive
Covenants Agreement”). For purposes of this Agreement, the obligations in this Section 7 and those that arise in the Restrictive Covenants Agreement and any other agreement relating to confidentiality, assignment of inventions, or other
restrictive covenants shall collectively be referred to as the “Continuing Obligations.” 
 (b) Third-Party Agreements and
Rights. The Executive hereby confirms that the Executive is not bound by the terms of any agreement with any previous employer or other party which restricts in any way the Executive’s use or disclosure of Company information or the
Executive’s engagement in the Company’s business. The Executive represents to the Company that the Executive’s execution of this Agreement, the Executive’s employment with the Company and the performance of the Executive’s
proposed duties for the Company will not violate any obligations the Executive may have to any such previous employer or other party. In the Executive’s work for the Company, the Executive will not disclose or make use of any information in
violation of any agreements with or rights of any such previous employer or other party, and the Executive will not bring to the premises of the Company any copies or other tangible embodiments of non-public
information belonging to or obtained from any such previous employment or other party. 
 (c) Litigation and Regulatory Cooperation.
During and after the Executive’s employment, the Executive shall cooperate fully with the Company in the defense or prosecution of any claims or actions now in existence or which may be brought in the future against or on behalf of the Company
which relate to events or occurrences that transpired while the Executive was employed by the Company. The Executive’s full cooperation in connection with such claims or actions shall include, but not be limited to, being available to meet with
counsel to prepare for discovery or trial and to act as a witness on behalf of the Company at mutually convenient times. During and after the Executive’s employment, the Executive also shall cooperate fully with the Company in connection with
any investigation or review of any federal, state or local regulatory authority as any such investigation or review relates to events or occurrences that transpired while the Executive was employed by the Company. The Company shall reimburse the
Executive for any reasonable out-of-pocket expenses incurred in connection with the Executive’s performance of obligations pursuant to this Section 7(c). 

(d) Injunction. The Executive agrees that it may be difficult to measure any damages caused to the Company which might result from any
breach by the Executive of any of his/her Continuing Obligations, and that in any event money damages may be an inadequate remedy for any such breach. Accordingly, subject to Section 8 of this Agreement, the Executive agrees that if the
Executive breaches, or proposes to breach, any portion of his/her Continuing Obligations, the Company shall be entitled, in addition to all other remedies that it may have, to seek an injunction or other appropriate equitable relief to restrain any
such breach without showing or proving any actual damage to the Company. 

  
 10 

 8. Arbitration of Disputes. Any controversy or claim arising out of or relating to
this Agreement or the breach thereof or otherwise arising out of the Executive’s employment or the termination of that employment (including, without limitation, any claims of unlawful employment discrimination whether based on age or
otherwise) shall, to the fullest extent permitted by law, be settled by arbitration in any forum and form agreed upon by the parties or, in the absence of such an agreement, under the auspices of the American Arbitration Association
(“AAA”) in Boston, Massachusetts in accordance with the Employment Dispute Resolution Rules of the AAA, including, but not limited to, the rules and procedures applicable to the selection of arbitrators. In the event that any person or
entity other than the Executive or the Company may be a party with regard to any such controversy or claim, such controversy or claim shall be submitted to arbitration subject to such other person or entity’s agreement. Judgment upon the award
rendered by the arbitrator may be entered in any court having jurisdiction thereof. This Section 8 shall be specifically enforceable. Notwithstanding the foregoing, this Section 8 shall not preclude either party from pursuing a court
action for the sole purpose of obtaining a temporary restraining order or a preliminary injunction in circumstances in which such relief is appropriate; provided that any other relief shall be pursued through an arbitration proceeding pursuant to
this Section 8. 
 9. Consent to Jurisdiction. To the extent that any court action is permitted consistent with or to enforce
Section 8 of this Agreement, the parties hereby consent to the jurisdiction of the Superior Court of the Commonwealth of Massachusetts and the United States District Court for the District of Massachusetts. Accordingly, with respect to any such
court action, the Executive (a) submits to the personal jurisdiction of such courts; (b) consents to service of process; and (c) waives any other requirement (whether imposed by statute, rule of court, or otherwise) with respect to
personal jurisdiction or service of process. 
 10. Integration. This Agreement constitutes the entire agreement between the parties
with respect to the subject matter hereof and supersedes all prior agreements between the parties concerning such subject matter, including the Prior Agreement. Notwithstanding the foregoing, nothing herein shall affect the Executive’s accrued
rights under the Prior Agreement arising prior to the Effective Date (e.g., payment of earned and unpaid salary or bonus) or the parties’ respective rights and obligations under the Restrictive Covenants Agreement. 

11. Withholding. All payments made by the Company to the Executive under this Agreement shall be net of any tax or other amounts
required to be withheld by the Company under applicable law. 
 12. Successor to the Executive. This Agreement shall inure to the
benefit of and be enforceable by the Executive’s personal representatives, executors, administrators, heirs, distributees, devisees and legatees. In the event of the Executive’s death after his/her termination of employment but prior to
the completion by the Company of all payments due his/her under this Agreement, the Company shall continue such payments to the Executive’s beneficiary designated in writing to the Company prior to his/her death (or to his/her estate, if the
Executive fails to make such designation). 

  
 11 

 13. Enforceability. If any portion or provision of this Agreement (including, without
limitation, any portion or provision of any section of this Agreement) shall to any extent be declared illegal or unenforceable by a court of competent jurisdiction, then the remainder of this Agreement, or the application of such portion or
provision in circumstances other than those as to which it is so declared illegal or unenforceable, shall not be affected thereby, and each portion and provision of this Agreement shall be valid and enforceable to the fullest extent permitted by
law. 
 14. Survival. The provisions of this Agreement shall survive the termination of this Agreement and/or the termination of the
Executive’s employment to the extent necessary to effectuate the terms contained herein. 
 15. Waiver. No waiver of any
provision hereof shall be effective unless made in writing and signed by the waiving party. The failure of any party to require the performance of any term or obligation of this Agreement, or the waiver by any party of any breach of this Agreement,
shall not prevent any subsequent enforcement of such term or obligation or be deemed a waiver of any subsequent breach. 
 16.
Notices. Any notices, requests, demands and other communications provided for by this Agreement shall be sufficient if in writing and delivered in person or sent by a nationally recognized overnight courier service or by registered or
certified mail, postage prepaid, return receipt requested, to the Executive at the last address the Executive has filed in writing with the Company or, in the case of the Company, at its main offices, attention of the Board. 

17. Amendment. This Agreement may be amended or modified only by a written instrument signed by the Executive and by a duly authorized
representative of the Company. 
 18. Governing Law. This is a Massachusetts contract and shall be construed under and be governed in
all respects by the laws of the Commonwealth of Massachusetts, without giving effect to conflict-of-laws principles. With respect to any disputes concerning federal law,
such disputes shall be determined in accordance with the law as it would be interpreted and applied by the United States Court of Appeals for the First Circuit. 

19. Counterparts. This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be
taken to be an original; but such counterparts shall together constitute one and the same document. 
 20. Successor to Company. The
Company shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business or assets of the Company expressly to assume and agree to perform this Agreement to the
same extent that the Company would be required to perform it if no succession had taken place. Failure of the Company to obtain an assumption of this Agreement at or prior to the effectiveness of any succession shall be a material breach of this
Agreement. 
 21. Gender Neutral. Wherever used herein, a pronoun in the masculine gender shall be considered as including the
feminine gender unless the context clearly indicates otherwise. 

  
 12 

 IN WITNESS WHEREOF, the parties have executed this Agreement effective on the date and year
first above written. 
  

	
	COGENT BIOSCIENCES, INC.
	
	 /s/ Erin Schellhammer

	Erin Schellhammer
	Chief People Officer
	
	 /s/ John L. Green

	John L. Green

  
 13

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