Document:

Exhibit
10.1

 

 

January
2, 2022

Jennifer
Black

Godley,
TX 76044

 

Dear
Jennifer,

 

On
behalf of Muscle Maker, Inc., I invite you to join our team and partner with us and the rest of the Muscle Maker organization. It is
with great pleasure that we offer you the position of Chief Financial Officer (“CFO”) with responsibility for all oversight
and management of all financial and accounting activities of the Company, including all corporately owned and franchised locations for
all Muscle Maker, Inc entities. Additional areas of responsibility include Insurance, Human Resources and IT functions. This letter serves
as a formal offer and the terms of your employment (this “Letter Agreement”). Your start date will be Monday, January 3,
2021.

 

Base
Salary:

 

Your
base salary will be One hundred and Ninety Thousand Dollars ($190,000) per annum, paid weekly at a rate of $3,653.85, less applicable
withholding. Upon termination for any reason, the final payment of your base salary will be prorated through the date of your separation.

 

Bonus:

 

You
will be eligible to receive an annual bonus. The bonus will be based on 50% of your then current base salary and dependent upon the employee
meeting specific written criteria to be provided on an annual basis. The bonus will be administered and approved by the compensation
committee and Chief Executive Officer and contain both company-wide metrics and individual performance targets. The bonus, if earned,
may be paid in cash or stock equivalents.

 

Equity
Award:

 

The
employee will receive additional restricted stock units as an additional incentive to enter into this employment agreement. The amount
of restricted stock units shall be 20,000 units and issued after completion of 90 days of employment. In the event you separate from
the company within 90 days of starting your employment, these restricted stock units will be forfeited. Restricted stock units are subject
to rule 144 of the Securities Act.

 

Stock
Options:

 

You
will receive a stock option grant in the amount of 20,000 shares based on the Muscle Maker, Inc stock option plan. Options will vest
in accordance with this plan and are subject to the approval of the Board of Directors and Compensation Committee. Options will be subject
to the terms and conditions of an option award agreement to be entered into by you and Muscle Maker, Inc.

 

Vacation:

 

When
you join the Company, you will begin accruing vacation at the rate of three (3) weeks per year. After five years of employment, you will
accrue four (4) weeks per year.

 

MUSCLE
MAKER GRILL – 240 W. GALVESTON ST. #1565, LEAGUE CITY, TX 77574 – 832.632.1386

 

    	 

     

    

 

Holidays:

 

We
offer seven (7) paid company holidays: Thanksgiving Day, Christmas Day, Independence Day, Labor Day, Memorial Day, New Year’s Day
and one floating holiday you can use at your discretion. You will also receive five (5) personal time off days.

 

Insurance:

 

You
will be eligible to participate in our Health and Dental insurance program. Currently, the Company pays 75% of the insurance premium
for both the employee and their family members on the plan. You become eligible to participate in the health insurance plans 90 days
after your employment begins.

 

Other
Benefits:

 

	 	●	You
    will be allowed to work from your home in Godley, TX or any other location within the continental United States.
	 	●	A
    laptop will be issued to you for your company use.
	 	●	You
    will be reimbursed for your home internet connection for up to $50 per month
	 	●	You
    will be reimbursed for your cell phone of up to $200 per month

 

Severance:

 

If
you are terminated for any reason other than cause, including termination without cause in connection with a change in control, you will
be entitled to a severance package of six (6) months of salary and benefits (“Continuation Benefits”) paid in accordance
with the Company’s payroll schedule, but subject to your execution of a valid release in favor of the Company and its related parties.

 

“Cause”
for the purposes of this Letter Agreement means:

 

	 	1.	an
    act of fraud, embezzlement, theft or any material violation of law or Company policies by you that occurs during your employment
    with the Company;
	 	2.	breach
    of your duties in the capacity of Chief Financial Officer of the Company;
	 	3.	disclosure
    by you of the Company’s confidential information;
	 	4.	your
    engagement in any competitive activity which constitute a breach of your duty of loyalty or of your obligations to the Company;
	 	5.	conduct
    by you that is materially injurious to the Company, monetarily or otherwise;
	 	6.	“Cause”
    includes any of the above grounds for dismissal regardless of whether the Company learns of it before or after terminating employment.

 

Confidentiality:

 

You
shall at all times, both during your engagement pursuant to this letter agreement and after termination of employment, regard and preserve
as confidential all trade secrets and other confidential information pertaining to the business of the Company, including financial data,
strategic business plans, product development (or proprietary product data), marketing plans and other non-public, proprietary and confidential
information of the Company and its affiliates that is not otherwise available to the public (the “Confidential Information”)
that have been or may be obtained by your by reason of your acceptance of the offer and undertaking the employment in th3 position of
CFO for the Company. You agree that all such confidential information, made by the Company or coming into your possession by reason of
our position of CFO, are the property of the Company and shall not be used by you in any way except to the benefit of the Company.

 

MUSCLE
MAKER GRILL – 240 W. GALVESTON ST. #1565, LEAGUE CITY, TX 77574 – 832.632.1386

 

    	 

     

    

 

Non-Competition
and Non-Solicitation:

 

For
a period commencing on the date of your acceptance of the employment with the Company and ending on the 1 year anniversary of the last
day on which you receive any payment from the Company or any of its affiliates, without the prior written consent of the Company, you
shall not, directly or indirectly, as a principal, manager, agent, consultant, officer, director, shockholder, partner, member, investor,
lender or employee or in any other capacity, solicit or hire any employees of the Company and/or its affiliates.

 

For
a period commencing on the date of your acceptance of the employment with the Company and ending on the last day on which you receive
any payment from the Company or any of its affiliates, without the prior written consent of the Company you shall not, directly or indirectly,
as a principal, manager, agent, consultant, officer, director, stockholder, partner, member, investor, lender or employee or in any other
capacity carry on, be engaged in or have any financial interest in any business which is in material competition with the business of
the Company.

 

You
agree that the foregoing covenant not to compete is a reasonable covenant under the circumstances, and further agree that if in the opinion
of any court of competent jurisdiction such restraint is not reasonable in any respect, such court shall the right, power and authority
to excise or modify such provision or provisions of such covenant as to the court shall appear not reasonable and ot enforce the remainder
of the covenant as so amended. You also agree that any breach by you of the covenants contained in the provision would irreparably injure
the company. Accordingly, the company may, in addition to pursuing any other remedies they may have in law or in equity, obtain an injunction
against you restraining any violation of this covenant.

 

Other
Conditions:

 

You
will be required to sign various documents pertaining to whistleblower, confidentiality, employee handbook, insider trading and other
policies.

 

Complete
Agreement:

 

This
letter agreement contains the complete agreement of the parties hereto respecting the matters hereof.

 

We
are excited about our future at Muscle Maker, Inc and the potential of your leadership in growing the brand. We look forward to working
with you. Please indicate your acceptance of this offer and these terms by signing and returning as soon as practical.

 

	Sincerely,	 	 
	 	 	 
	Muscle
    Maker, Inc.	 	 
	 	 	 
	By:	/s/Michael
    J. Roper	 	 
	 	Michael
    J. Roper	 	 
	 	Chief
    Executive Officer	 	 
	 	 	 	 
	Accepted
    by:	 	 
	 	 	 
	 	/s/
    Jennifer Black	 	Date:
    1/2/22
	 	Jennifer
    Black	 	 

 

MUSCLE
MAKER GRILL – 240 W. GALVESTON ST. #1565, LEAGUE CITY, TX 77574 – 832.632.1386Exhibit
4.1

 

	 	SPECIMEN
    UNIT CERTIFICATE 	NUMBER
                                            UNITS

       [MURF]-_______

	SEE REVERSE

                                                                                FOR CERTAIN DEFINITIONS
	MURPHY
    CANYON ACQUISITION CORP.	 
	 	 	 
	 	 	CUSIP
    [*]

 

UNITS
CONSISTING OF ONE CLASS A COMMON STOCK AND THREE QUARTERS OF ONE WARRANT

 

THIS
CERTIFIES THAT __________________________________________________________________________________________________

is
the owner of __________________________________________________________________________________________________ ________Units.

 

Each
Unit (“Unit”) consists of one Class A common stock, with a par or nominal value of US $0.0001 per share (“Common Stock”),
of Murphy Canyon Acquisition Corp, a Delaware corporation (the “Company”), and three-quarters of one redeemable warrant (“Warrant”).
Each redeemable Warrant entitles the holder thereof to purchase one share of Common Stock at a price of $11.50 per full share (subject
to adjustment), upon the later to occur of (i) one year after the date that the registration statement for the Offering is declared effective
by the SEC; and the or (ii) 30 days after consummation by the Company of a business combination. The Common Stock and Warrants comprising
the Units represented by this certificate are not transferable separately prior to the fifty-second (52nd) day after the date of the
prospectus relating to the Company’s initial public offering, unless A.G.P./Alliance Global Partners (A.G.P.) determines that an
earlier date is acceptable, but in no event will the Common Stock and Warrants be traded separately until the Company files with the
Securities and Exchange Commission (the “SEC”) a current report on Form 8-K which includes an audited balance sheet reflecting
the receipt by the Company of the gross proceeds from its initial public offering including the proceeds received by the Company from
the exercise of the over-allotment option thereto, if the over-allotment option is exercised. If the over-allotment option is exercised
after the date of the prospectus, we will file an amendment to the Form 8-K or a new Form 8-K to provide updated financial information
to reflect the exercise of the over-allotment option. We will also include in the Form 8-K, or amendment thereto, or in a subsequent
Form 8-K, information indicating if the underwriters has allowed separate trading of the Common Stock and Warrants prior to the 52nd
day after the date of the prospectus.

 

The
terms of the Warrants are governed by a Warrant Agreement, dated as of                       , 2022, between the Company and Vstock Transfer, LLC, as Warrant
Agent, and are subject to the terms and provisions contained therein, all of which terms and provisions the holder of this certificate
consents to by acceptance hereof. Copies of the Warrant Agreement are on file at the office of Vstock Transfer, LLC (“Vstock”)
at 18 Lafayette Place, Woodmere, NY 11598, and are available to any Warrant holder on written request and without cost.

 

This
certificate is not valid unless countersigned by the Transfer Agent and Registrar of the Company.

 

This
certificate shall be governed and construed in accordance with the internal laws of the State of Delaware, without regard to conflicts
of laws principles thereof.

 

Witness
the facsimile signature of its duly authorized officers.

 

	By		 	 
	 	President	 	 

 

    	 

     

    

 

Murphy
Canyon Acquisition Corp.

 

The
Company will furnish without charge to each unitholder who so requests, a statement of the powers, designations, preferences and relative,
participating, optional or other special rights of each class of shares or series thereof of the Company and the qualifications, limitations,
or restrictions of such preferences and/or rights.

 

The
following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written
out in full according to applicable laws or regulations:

 

	 	TEN
    COM – as tenants in common	UNIF
    GIFT MIN
	 	 	ACT
    - _____ Custodian ______

	 	TEN
    ENT –  as tenants by the entireties	 	(Cust)
                             (Minor)
	 	JT
    TEN –      as joint tenants with right of survivorship	 	under
    Uniform Gifts to Minors
	 	                        and
    not as tenants in common	 	Act
    ______________
	 	 	 	                  (State)

 

Additional
Abbreviations may also be used though not in the above list.

 

For
value received, ___________________________ hereby sell(s), assign(s) and transfer(s) unto

 

PLEASE
INSERT SOCIAL SECURITY OR OTHER

IDENTIFYING
NUMBER OF ASSIGNEE(S)

 

(PLEASE
                                            PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE(S))

 

 

 

 

 

 

 

 

 

__Units

 

represented
by the within Certificate, and does hereby irrevocably constitute and appoint

 

________________________________________________________________________________________________

___
Attorney to transfer the said Units on the books of the within named Company will full power of substitution in the
premises.

 

Dated
___________

 

	 	Notice:	The
    signature to this assignment must correspond with the name as written upon the face of the certificate in every particular, without
    alteration or enlargement or any change whatever.

 

Signature(s)
Guaranteed:

 

 

	THE
    SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION	 
	(BANKS,
    STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH
	MEMBERSHIP
    IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM,
	PURSUANT
    TO S.E.C. RULE 17Ad-15).

 

The
holder of this certificate shall be entitled to receive funds with respect to the underlying share of Common Stock from the trust fund
only in the event of the Company’s liquidation upon failure to consummate a business combination or if the holder seeks to convert
his or her respective share of Common Stock underlying the unit upon consummation of such business combination or in connection with
certain amendments to the Company’s amended and restated certificate of incorporation. In no other circumstances shall the holder
have any right or interest of any kind in or to the trust fund.

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