Document:

Exhibit
10.1

 

	 	 

 

Muscle
Maker, Inc

Employment
Agreement

 

This
Employment Agreement (this “Agreement”) is made and entered into effective as of the Effective Date (as defined below), by
and between Michael J. Roper (“Employee”, “You”, “Your”, “He”) and Muscle Maker, Inc,
a Nevada corporation (the “Company”). The Employee and the Company are sometimes referred to herein, each individually as
a “Party” or collectively as the “Parties”.

 

Whereas,
the Company desires to continue to employ Employee as Chief Executive Officer of the Company, and the Employee desires to continue to
serve in such capacities on behalf of the Company, on the terms and conditions set forth in this Agreement.

 

Now,
Therefore, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

 

Section
1. Position and Duties.

 

1.1
During Your Employment, you shall serve as the Chief Executive Officer of the Company and shall report solely and directly to the Board
of Directors (“Board”). You shall be responsible for oversight and management of all operations and activities of the Company.
In addition, you shall perform all other duties and accept all other responsibilities incident to such position as may be reasonably
assigned to You by the Board.

 

1.2
During Your Employment, you shall serve the Company faithfully and to the best of Your ability. You shall confer with the Board and must
have the written approval prior to any mergers, acquisitions or material contracts by the company.

 

1.3
You expressly represent and warrant to the Company that You are not a party to any contract or agreement and are not otherwise obligated
in any way, and are not subject to any rules or regulations, whether governmentally imposed or otherwise, which will or may restrict
in any way Your ability to fully perform your duties and responsibilities under this Agreement. You further expressly represent and warrant
that You are eligible to work in the United States and shall take all necessary action to comply with requests for verification of employment
eligibility.

 

1.4
You will perform Your duties and responsibilities located remotely from Your home office in Texas or any other remote office location
in the continental United States.

 

1.5
To the extent You are asked to serve as an officer, director or manager of the subsidiaries (“Subsidiaries”) of the Company
(such as Muscle Maker Development, LLC, PokeCo Holdings, LLC, Superfit Foods, LLC and Muscle Maker Corp., LLC), Your duties to the Subsidiaries
shall be deemed to have been included in this Agreement, shall not be entitled to any additional compensation hereunder, and shall be
covered by all provisions of the Agreement mutatis mutandis.

 

    	 

     

    

 

Section
2. Term. You shall be employed by the Company under this Agreement commencing as of the date signed below (“Effective
Date”).

 

Section
3. Compensation and Benefits.

 

3.1
Base Salary. Commencing on the Effective Date, the Company shall pay You an annual base salary of $350,000 (Three Hundred and
Fifty Thousand dollars), less ordinary withholdings (the “Annual Salary”). Such Annual Salary will be payable less ordinary
withholdings in accordance with the normal payroll cycle as presently exists (currently weekly) or may hereafter be adopted by the Company.
Upon the one-year anniversary of the Effective Date, your annual base salary will automatically be increased to $375,000 (Three Hundred
and Seventy-Five Thousand dollars), less ordinary withholdings. For each anniversary of the effective date starting in year three, you
will be eligible for an annual base salary increase as determined by the Board of Directors.

 

3.2
Bonus. As additional compensation and as further consideration for You entering into this Agreement for services to be rendered
by You, the Company may pay You annually following the end of each fiscal year, a bonus. The Company’s Board, together with the
Compensation Committee of the Company’s Board, will review Your performance and may award You performance-based compensation (“Bonus”)
in its sole discretion, if deemed warranted. Any such Bonus may be in cash or in securities of the Company, or any combination thereof,
and shall be subject to such timing of receipt, vesting and any other conditions (including but not limited to conditions which may extend
beyond the termination of this contract) as imposed by the Board at the time of such grant and at the time of adoption of any plan under
which such Bonus may be granted, if any.

 

3.3
Stock Options. You shall receive, within 90 days of the effective date, stock options in the amount of 100,000 shares based on
the Muscle Maker, Inc stock option plan. Options will vest over 5 years 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 the stock option plan. Additional
stock options may be approved by the Board of Directors together with the Compensation Committee from time to time.

 

3.4
Employee Benefits. Effective as of the Effective Date and as continuing benefits, You shall be eligible for employee benefits
available to regular full-time executive management employees of the Company provided that You meet the eligibility requirements for
such benefits. The Company provides no assurance as to the adoption or continuance of any particular employee benefit plan or program;
and Your participation in any such plan or program shall be subject to the provisions, rules, conditions, exclusions, regulations and
plan documents or policies applicable thereto. The Company remains free to change the terms of any benefit plan in its sole discretion
with or without notice.

 

3.5
Vacation. You shall be entitled to accrue paid vacation at the rate of three (3) weeks per year. Upon separation, all accrued
but not yet used vacation days will be paid in one lump sum in a final paycheck. After five years of employment you will accrue four
(4) weeks per year.

 

3.6
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.

 

3.7
Reimbursement of Expenses. You shall be entitled to reimbursement of reasonable expenses incurred by You in the course of Your
duties, in accordance with applicable policies and documentation requirements of the Company.

 

3.8
 Relocation. In the event the Company requires You to relocate a relocation package will be provided up to an amount not
to exceed fifty thousand dollars ($50,000).

 

3.9
 Technology. A laptop or desktop computer will be issued to the You for Company use. A reimbursement for cell phone usage
up to two hundred dollars ($200) per month and a home internet connection up to fifty dollars ($50) per month will be granted.

 

    	 

     

    

 

3.10
Tax Withholding. Notwithstanding anything in this Agreement to the contrary, the Company may withhold from any amounts payable
or benefits provided under this Agreement all federal, state, city, or other taxes as are legally required to be withheld.

 

3.11
Severance: If you are terminated by the Company 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 eighteen (18) months of salary and health and dental 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.

 

Section
4. Termination.

 

4.1
Termination by Company for Cause. The Company may terminate Employee’s employment for Cause immediately upon written notice
stating the basis for such termination. If Employee is terminated for Cause, he shall be entitled to receive all earned but unpaid compensation,
bonuses (not subject to a pro-rate adjustment), and benefits through the date of termination by the Company for Cause. A termination
of Employee by the Company for “Cause” occurs if Employee is terminated for any of the following reasons:

 

(i)
Employee’s refusal to comply with a lawful instruction of the Company’s Board of Directors;

 

(ii)
Any act or omission knowingly undertaken or omitted by Employee without a reasonable belief that such action was in the best interests
of the Company, its properties, assets or business or its officers, directors or employees, as determined by the Board in its commercially
reasonable discretion (including disparagement of the Company);

 

(iii)
Theft, dishonesty or intentional falsification of any employment or Company records;

 

(iv)
Any fraud or embezzlement involving properties, assets or funds of the Company;

 

(v)
A material breach of this Agreement if Employee fails to cure such breach within thirty (30) days after written notice from the Company
specifying the action which constitutes the breach and demanding its discontinuance;

 

(vi)
Negligence in performing his duties, which has been brought to Employee’s attention in writing, and which (if curable) has not
been cured within thirty (30) days of the notice thereof;

 

(vii)
Intentional and improper disclosure of the Company’s confidential or proprietary information;

 

(viii)
Employee’s conviction (including any plea of guilty or nolo contendere) to any criminal offense which constitutes a felony,
or is punishable by more than one year in jail, in the jurisdiction where the conviction or plea occurred; or

 

(ix)
Employee’s commission of an act of discrimination or harassment based on race, sex, national origin, religious, disability, age
or other protected classification in the state where the act occurs.

 

4.2
Termination upon Death or Disability. This Agreement shall automatically terminate upon the death or disability of Employee unless
employees’ death occurs while on Company business in which event the employees’ estate will receive all compensation and
benefits through the date of death or disability. For purposes of this Agreement, the term “disability” shall mean the
inability of Employee to perform with or without reasonable accommodation, the essential functions of his job duties due to physical
or mental disablement which continues for a period of ninety (90) consecutive days during any six (6) month period, as determined by
an independent qualified physician mutually acceptable to Employee and the Company. Notwithstanding the foregoing, nothing in this Agreement
shall alleviate any legal responsibility of the Company to provide reasonable accommodations to Employee as may be required by applicable
law.

 

    	 

     

    

 

4.3
Termination by Employee with Good Reason or by Company without Cause. This Employment Agreement and Employee’s employment
with the Company may be terminated by the Employee for good reason (“Good Reason”), or by the Company without cause (“Without
Cause”), including termination without cause in
connection with a change in control, upon providing thirty (30) days prior written notice to the
Company (which notice describes such good reason with reasonable detail) or Employee, respectively.

 

In
the event the company terminates the Executives employment without cause, other than due to disability or death without cause, or the
Employee terminates their employment for Good Reason, the Executive shall be entitled to:

 

		(i)	Base
                                            salary through the end of the month in which the termination of employment occurs;
		(ii)	Base
                                            salary, at the rate in effect of the date of termination of the Executive’s employment,
                                            for eighteen (18) months beginning with the month following the month in which the termination
                                            of his employment occurs;
		(iii)	Any
                                            accrued bonuses to which the executive is entitled under the terms of the then applicable
                                            bonus plans;
		(iv)	Any
                                            other amounts earned, accrued or owing under the terms of this agreement, but not yet paid;
		(v)	Continued
                                            participation in all employee benefit plans or programs in which they were participating
                                            on the date of the termination of employment as permitted by their terms until the earlier
                                            of:

		a.	The
                                            date which is eighteen (18) months following the end of the month in which the termination
                                            of employment occurs; or
		b.	The
                                            date, or dates, he receives an equivalent coverage and benefits under the plans and programs
                                            of the subsequent employer (such coverages and benefits to be determined on a coverage by
                                            coverage, or benefit by benefit, basis); For clarity purposes, the Company will continue
                                            to pay its portion of all benefit plans including, but not limited to, the company portion/share
                                            of all health and dental premiums as per the then in effect health and dental insurance plans,
                                            provided that

		i.	If
                                            the executive is precluded from continuing his participation in any employee benefit plan
                                            or program as provided in this clause, he shall be provided with the after-tax economic equivalent
                                            of the benefits provided under the plan or program in which he is unable to participate for
                                            the period specified in this clause, and
		ii.	The
                                            economic equivalent of any benefit forgone shall be deemed to be the lowest cost that would
                                            be incurred by the Executive in obtaining such benefit himself on an individual basis;

		(vi)	Other
                                            benefits in accordance with applicable plans and programs of the Company; and
		(vii)	All
                                            granted and vested restricted stock units provided to the employee as part of this agreement
                                            or previously awarded units from any other agreement.

 

“Good
Reason” shall mean the occurrence of any one or more of the following events provided Employee has notified the Company in writing
of the occurrence of such event and the event has continued uncured for thirty (30) days after the Company’s receipt of such notice,
unless Employee specifically agrees in writing that such event shall not be Good Reason:

 

		(i)	Any
                                            material breach of this Employment Agreement by the Company; or
		(ii)	the
                                            failure of the Company to assign this Employment Agreement to a successor to the Company
                                            or the failure of a successor to explicitly assume and agree to be bound by this Employment
                                            Agreement or a similar Employment Agreement

 

    	 

     

    

 

 

4.4
Termination by Employee Without Cause. Employee may terminate this Employment Agreement and his employment with the Company Without
Cause upon providing thirty (30) days prior written notice to the Company, subject to the non-compete restrictions as defined in this
agreement. The Company shall pay Employee all earned but unpaid compensation, bonuses (not subject to a pro-rate adjustment), and benefits
through the date of termination Without Cause by Employee. The Company shall have no further obligation to pay compensation or benefits
to Employee for the remainder of the balance of the Initial Employment Term. In the event the employee terminates this agreement without
cause, they agree to surrender all equity awards not yet vested as of the separation date.

 

4.5
Return of Property. Employee agrees, upon the termination of their employment with the Company, to return all physical, computerized,
electronic or other types of records, documents, proposals, notes, lists, files and any and all other materials including, without limitation,
computerized and/or electronic information that refers, relates or otherwise pertains to the Company and/or its affiliates, and any and
all business dealings of said persons and entities. In addition, Employee shall return to the Company all property or equipment that
Employee has been issued during the course of their employment or which he otherwise currently possesses, including, but not limited
to, any computers, cellular phones, and/or similar items. Employee shall immediately deliver to the Company any such physical, computerized,
electronic or other types of records, documents, proposals, notes, lists, files, materials, property and equipment that are in Employee’s
possession. Employee acknowledges that Employee is not authorized to retain any physical, computerized, electronic or other types of
copies of any such physical, computerized, electronic or other types of records, documents, proposals, notes, lists, files or materials,
and is not authorized to retain any other property or equipment of the Company and/or its affiliates. Employee further agrees that he
will immediately forward to the Company any business information regarding the Company and/or any of its affiliates that has been or
is inadvertently directed to Employee following Employee’s last day of employment with the Company. The provisions of this Section
are in addition to any other written agreements on this subject that Employee may have with the Company and/or any of its affiliates
and are not meant to and do not excuse any additional obligations that Employee may have under such agreements.

 

Section
5. Miscellaneous Provisions.

 

5.1
Confidentiality. At all times Employee both during and after employment will 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, marketing plans, and other non-public proprietary information.

 

5.1a
 Indemnification. The company agrees to indemnify the executive to the fullest extent
permitted by law consistent with the company’s bylaws in effect as of the date hereof with respect to any acts or non-action he
may have committed during the period during which he was an officer, director and/or employee of the company or any subsidiary thereof,
or of any other entity of which he served as an officer, director or employee at the request of the company.

 

5.1b
 Liability Insurance. The company agrees to obtain a directors and officers liability insurance policy covering the executive
and to maintain such policy. The amount of coverage should be reasonable in relation to the executive’s position and responsibilities
during the term of employment but in no event shall the amount of coverage be less than $1 million in the aggregate provided that the
cost and availability of such insurance is reasonable within the marketplace.

 

5.2
Non-Solicitation. For a period commencing on the date of Employment with the Company and ending on the one-year anniversary of
the last day payment is received from the Company, without prior written consent of the Company, Employee shall not, directly or indirectly,
as a principal, manager, agent, consultant, or other similar role solicit or hire any current employees of the Company and/or its affiliates.

 

5.2(a)
Non-Compete. Employee agrees that, during the non-compete period as defined in this agreement,
executive shall not directly or indirectly engage in or participate as an owner, partner, stockholder, officer, employee, director, agent
out of or consultant for any competing business with any business of company, without the written consent of company; provided, however,
that this provision shall not prevent executive from investing as less than a 1% stockholder in the securities of any company listed
on a national securities exchange or quoted on an automated quotation system.

 

    	 

     

    

 

A
competing business is defined as any health focused
restaurant chain such as Freshii, True-food kitchen, First Watch or Snap Kitchen, healthy meal prep companies, Hawaiian Poke and similar
concepts but excludes traditional QSR, limited service, full service, fast casual and other restaurant segments.

The non-compete period shall cover the entire initial employment term agreement as defined in this agreement in addition to any subsequent
automatic renewal periods and during any payment periods associated with a termination without cause by the company.

 

5.3
Assignment by Employee. This Agreement may not be assigned by Employee in whole or in part; provided, however, if Employee should
die or become disabled while any amount is owed but unpaid to him hereunder, all such amounts, unless otherwise provided herein, shall
be paid to his devisees, legatees, legal guardian or other designees.

 

5.4
Assignment by Employer. Employee hereby acknowledges and agrees that the Company may, in its sole discretion assign this Agreement
to a comparable affiliate, successor, assign (including any direct or indirect successor by purchase, merger, consolidation or otherwise
to all or substantially all of the assets or business of the Company). This Agreement shall be binding upon and inure to the benefit
of the parties hereto and their respective spouses, heirs and personal and legal representatives. Any such successor or assign of the
Company shall be included in the term “Company” as used in this Agreement

 

5.5
Change in Control means:

 

(1)
The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act
of 1934, as amended (the “Exchange Act”)) (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3
promulgated under the Exchange Act) of 20% or more of either (A) the then-outstanding shares of common stock of the Company (the “Outstanding
Company Common Stock”) or (B) the combined voting power of the then-outstanding voting securities of the Company entitled to vote
generally in the election of directors (the “Outstanding Company Voting Securities”); provided, however, that,
for purposes of this Section 1(d), the following acquisitions shall not constitute a Change in Control: (i) any acquisition directly
from the Company, (ii) any acquisition by the Company, (iii) any acquisition by any employee benefit plan (or related trust) sponsored
or maintained by the Company or any Affiliated Company or (iv) any acquisition by any corporation pursuant to a transaction that complies
with Sections 1(d)(3)(A), 1(d)(3)(B) and 1(d)(3)(C);

 

(2)
Any time at which individuals who, as of the date hereof, constitute the Board (the “Incumbent Board”) cease for any reason
to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to
the date hereof whose election, or nomination for election by the Company’s shareholders, was approved by a vote of at least a
majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent
Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened
election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents
by or on behalf of a Person other than the Board;

 

(3)
Consummation of a reorganization, merger, statutory share exchange or consolidation or similar corporate transaction involving the Company
or any of its subsidiaries, a sale or other disposition of all or substantially all of the assets of the Company, or the acquisition
of assets or stock of another entity by the Company or any of its subsidiaries (each, a “Business Combination”), in each
case unless, following such Business Combination, (A) all or substantially all of the individuals and entities that were the beneficial
owners of the Outstanding Company Common Stock and the Outstanding Company Voting Securities immediately prior to such Business Combination
beneficially own, directly or indirectly, more than 50% of the then-outstanding shares of common stock and the combined voting power
of the then-outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the corporation
resulting from such Business Combination (including, without limitation, a corporation that, as a result of such transaction, owns the
Company or all or substantially all of the Company’s assets either directly or through one or more subsidiaries) in substantially
the same proportions as their ownership immediately prior to such Business Combination of the Outstanding Company Common Stock and the
Outstanding Company Voting Securities, as the case may be, (B) no Person (excluding any corporation resulting from such Business Combination
or any employee benefit plan (or related trust) of the Company or such corporation resulting from such Business Combination) beneficially
owns, directly or indirectly, 20% or more of, respectively, the then-outstanding shares of common stock of the corporation resulting
from such Business Combination or the combined voting power of the then-outstanding voting securities of such corporation, except to
the extent that such ownership existed prior to the Business Combination, and (C) at least a majority of the members of the board of
directors of the corporation resulting from such Business Combination were members of the Incumbent Board at the time of the execution
of the initial agreement or of the action of the Board providing for such Business Combination; or

 

    	 

     

    

 

(4)
Approval by the shareholders of the Company of a complete liquidation or dissolution of the Company.

 

5.6
Notices. Any notice required to be delivered hereunder shall be in writing and shall be addressed as follows:

 

If
to the Company, to:

2600
South Shore Blvd.

Suite
300

League
City, TX 77573

Attention:
Chairman of the Board

 

If
to Employee:

 

Attention:
Michael J. Roper

 

or,
in each case, to such other address as such party may hereafter specify for the purpose by written notice to the other party hereto.
Any such notice shall be deemed received on the date of receipt by the recipient thereof if received prior to 5:00 p.m. in the place
of receipt and such day is a business day in the place of receipt. Otherwise, any such notice shall be deemed not to have been received
until the next succeeding business day in the place of receipt.

 

5.7
Entire Agreement. This Agreement represents the entire agreement between Employee and the Company and its affiliates with respect
to Employee’s employment, and supersedes all prior discussions, negotiations, and agreements, written or oral.

5.8
Waiver of Rights. The waiver by either party of a breach of any provision of this Agreement shall not operate or be construed
as a continuing waiver or as a consent to or waiver of any subsequent breach hereof.

 

5.9
Severability. In the event any provision of the Agreement shall be held illegal or invalid for any reason, the illegality or invalidity
shall not affect the remaining parts of the Agreement, and the Agreement shall be construed and enforced as if the illegal or invalid
provision had not been included.

 

5.10
Governing Law; Venue. This Agreement shall be governed by and construed in accordance with the laws of the State of Texas without
reference to principles of conflict of laws. Any action at law, suit in equity or judicial proceeding arising directly, indirectly, or
otherwise in connection with, out of, related to or from this Agreement, or any provision hereof, shall be litigated only in the courts
of the State of Texas.

 

5.11
Counterparts. This Agreement may be signed in several counterparts, each of which shall be an original, with the same effect as
if the signatures thereto and hereto were on the same instrument.

 

5.12
Employee Counsel. Employee acknowledges that he has had the opportunity to review this Agreement and the transactions contemplated
hereby with his own legal counsel.

 

    	 

     

    

 

5.13
Authority. The company represents and warrants that is fully authorized and empowered to
enter into this agreement and that the performance of its obligations under this agreement will not violate any agreement between the
company and any other person, firm or organization.

 

5.14
Employment At Will. The Company and You acknowledge that Your employment is and shall continue to be “at will” as
defined under applicable law. You understand that nothing in this agreement modifies your “at will” employment status with
the Company; You or the Company may terminate this employment relationship at any time, with or without cause subject to the terms of
this agreement.

 

5.15
Prevailing Party. In any action to enforce or interpret this agreement, the prevailing party shall be awarded attorney’s fees.

 

5.16
Effective Date: 2/14/2022

 

IN
WITNESS WHEREOF, the Company and Employee have executed this Employment Agreement effective as of the date first set forth above.

 

	COMPANY:	Muscle
    Maker, Inc
	 	 	 
	 	By:	/s/
    Kevin Mohan
	 	 	Kevin
    Mohan- Chairman of the Board 
	 	 	 
	 	Date:	February
    10, 2022
	 	 	 
	EMPLOYEE:	 	 
	 	 	 
	 	By:	/s/
    Michael J. Roper
	 	 	Michael
    J. Roper
	 	 	 
	 	Date:	February
    10, 2022Exhibit
10.2

 

	 	 	 

 

	Dear
  Kevin,	 	February
  9, 2022

 

On
behalf of Muscle Maker, Inc., I would like to extend an offer of employment for the position of Chief Investment Officer (“CIO”)
of Muscle Maker, Inc. and its subsidiaries (“Company”). As you are aware, you are currently working under an employment contract
with the organization which expires on February 13, 2022. This letter serves as a formal offer and the terms of your employment (this
“Letter Agreement”). This Letter Agreement would become effective on February 14, 2022.

 

Position
and Duties:

 

During
your employment as the CIO, you will be responsible for oversight and management of all investment, SEC, public entity, litigation, legal,
investor relations, mergers & acquisitions and negotiation activities of the Company and other duties normally associated with the
CIO position. You shall also perform all other duties as assigned and accept all other responsibilities incident to such position as
may be reasonably assigned to them.

 

Base
Salary:

 

Your
base salary will be Two Hundred Thousand Dollars ($200,000) per annum, paid weekly at a rate of $3,846.15, less applicable withholding
amounts. Upon termination for any reason, the final payment of your base salary will be prorated through the date of your separation.

 

Your
compensation will be reviewed annually and at the discretion of the Chief Executive Officer and the Compensation Committee of the Board
of Directors may be modified, on an annual basis, to reflect your performance.

 

Bonus:

 

You
will be eligible to receive an annual bonus. The potential bonus will be based on 75% 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.

 

Stock
Options:

 

You
will receive stock options, within 90 days of the effective date of this agreement, in the amount of 75,000 shares based on the Muscle
Maker, Inc stock option plan. Options will vest over 5 years 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 the stock option plan.

 

Vacation:

 

You
will accrue vacation at the rate of three (3) weeks or fifteen (15) days per year. After five years of employment, you will accrue four
(4) weeks or twenty (20) days 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/Benefits:

 

You
will be eligible to participate in our Health and Dental insurance program, provided you meet the eligibility and timing requirements
for such benefits. You will be subject to the terms and conditions of the insurance plans which the company reserves the right to make
modifications to the health and dental plans at any time.

 

Other
Benefits:

 

		●	You
                                            will be allowed to work from your home in any 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
		●	The
                                            Company reserves the right to modify or terminate any benefit programs at any time, with
                                            or without notice

 

Severance:

 

If
you are terminated by the Company 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 health and dental benefits (“Continuation
Benefits”) paid in accordance with the Company’s payroll schedule and insurance program, 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 includes but is not limited to the following:

 

		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 Investment 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.	negligence
                                            in performing your duties, which has been brought to your attention in writing, and which
                                            (if curable) has not been cured within thirty (30) days of the notice thereof;
		6.	conduct
                                            by you that is materially injurious to the Company, monetarily or otherwise;
		7.	Employees
                                            commission of an act of discrimination or harassment based on race, sex, national origin,
                                            religious, disability, age or other protected classification in the state where the act occurs;
		8.	“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 you by reason of your acceptance of the offer and undertaking the employment in the position of
CIO for the Company. You agree that all such confidential information, made by the Company or coming into your possession by reason of
your position of CIO, are the property of the Company and shall not be used by you in any way except to the benefit of the Company.

 

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, stockholder, 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 to 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.

 

You
will be allowed to serve on the Board of Directors or as an Advisor, of any non-competing business and with the written consent of the
Chief Executive Officer, while employed by the Company under this Letter Agreement.

 

Indemnification:

 

The
Company agrees to indemnify the executive to the fullest extent permitted by law consistent with the company’s bylaws in effect
as of the date hereof with respect to any acts or non-action they may have committed during the period during which they were an officer,
director and/or employee of the company or any subsidiary thereof, or of any other entity of which they served as an officer, director
or employee at the request of the company.

 

Liability
Insurance:

 

The
company agrees to obtain a directors and officers liability insurance policy covering the executive and to maintain such policy. The
amount of coverage should be reasonable in relation to the executive’s position and responsibilities during the term of employment
but in no event shall the amount of coverage be less than $1 million in the aggregate provided that the cost and availability of such
insurance is reasonable within the marketplace.

 

    	 

     

    

 

Employment
At Will:

 

Your
employment with Muscle Maker, Inc. is at will. This means your employment is for an indefinite period of time and it is subject to termination
by you or Muscle Maker, Inc., with or without cause, with or without notice, and at any time. Nothing in this policy or any other policy
of Muscle Maker, Inc. shall be interpreted to be in conflict with or to eliminate or modify in any way, the at-will employment status
of Muscle Maker, Inc. employees.

 

The
at-will employment status of an employee of Muscle Maker, Inc. may be modified only in a written employment agreement with that employee
which is signed by the CEO, or the Chairman of the Board of Directors, of Muscle Maker, Inc.

 

By
your signature below, you acknowledge your understanding that your employment with Muscle Maker, Inc. is at will, and that nothing in
this Letter Agreement is intended to constitute a contract of employment, express or implied.

 

Governing
Law; Venue:

 

This
agreement shall be governed by and construed in accordance with the laws of the State of Texas without reference to principles of conflict
in laws. Any action at law, suit in equity or judicial proceeding arising directly, indirectly, or otherwise in connection with, out
of, related to or from this Agreement, or any provision hereof, shall be litigated only in the courts of the State of Texas.

 

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/
    Kevin Mohan	 	Date:
    February 10, 2022
	Kevin Mohan

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00339-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00339-of-00352.parquet"}]]