Document:

Exhibit 10.1

 Exhibit 10.1 

Execution Version 

THIRD AMENDMENT TO CREDIT AGREEMENT

 This THIRD AMENDMENT TO CREDIT AGREEMENT (this
“Amendment”) dated as of March 12, 2019, is among LINN ENERGY HOLDCO II LLC, a Delaware limited liability company (the “Borrower”); LINN
ENERGY HOLDCO LLC, a Delaware limited liability company (the “Parent”); LINN MERGER SUB #1, LLC, a Delaware limited liability company
(“MidCo”); RIVIERA RESOURCES, INC., a Delaware corporation (“Holdings”); each of the undersigned guarantors (the “Guarantors”, and together with the
Borrower, the Parent, MidCo and Holdings, the “Obligors”); ROYAL BANK OF CANADA, as administrative agent for the Lenders (in such capacity, the “Administrative
Agent”) and as the Issuing Bank; and the Lenders signatory hereto. 
 R E C I
T A L S 
 A. The Borrower, the Parent, MidCo, Holdings,
the Administrative Agent and the Lenders are parties to that certain Credit Agreement dated as of August 4, 2017 (as amended by the First Amendment and the Second Amendment, the “Credit Agreement”), pursuant to which the Lenders
have made certain credit available to and on behalf of the Borrower. 
 B. The Borrower and the other Obligors are parties to that certain
Guarantee and Collateral Agreement dated as of August 4, 2017 made by each of the Grantors (as defined therein) in favor of the Administrative Agent. 

C. The Borrower, the Parent, MidCo, Holdings, the Administrative Agent and the Lenders have agreed to amend certain provisions of the Credit
Agreement as more fully set forth herein. 
 D. NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained,
for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

Section 1. Defined Terms. Each capitalized term which is defined in the Credit Agreement, but which is not defined in this
Amendment, shall have the meaning ascribed to such term in the Credit Agreement. Unless otherwise indicated, all section, exhibit and schedule references in this Amendment refer to sections, exhibits or schedules of the Credit Agreement. 

Section 2. Amendments to Credit Agreement. 

2.1 Amendment to Cover Page. The cover page of the Credit Agreement is hereby amended by replacing
“MIDCO (AS DEFINED HEREIN),” with “LINN MERGER SUB #1, LLC, AS MIDCo,”. 

2.2 Amendment to Preamble. The preamble of the Credit Agreement is hereby amended by replacing “MidCo (as defined
below);” with “Linn Merger Sub #1, LLC, a limited liability company duly formed and existing under the laws of the State of Delaware (“MidCo”);”. 

 2.3 Amendments to Section 1.02. 

(a) Each of the following definitions is hereby amended and restated in its entirety to read as follows: 

“Agreement” means this Credit Agreement, as amended by the First Amendment, the Second Amendment and the Third
Amendment, as the same may from time to time be further amended, restated, amended and restated, supplemented or otherwise modified. 

“Guarantor” means (a) Holdings; (b) MidCo; (c) the Parent; and (d) each Restricted Subsidiary
that is a party to the Guarantee and Collateral Agreement as a “Guarantor” and “Grantor” (as such terms are defined in the Guarantee and Collateral Agreement) and guarantees the Obligations (including pursuant to
Section 6.01 and Section 8.13(b)). On the Third Amendment Effective Date, the following Persons are Guarantors: Holdings, MidCo, the Parent, Riviera Operating, LLC, a Delaware limited liability company (f/k/a Linn Operating, LLC), Riviera
Upstream, LLC, a Delaware limited liability company (f/k/a Linn Energy Holdings, LLC), Riviera Marketing, LLC, a Delaware limited liability company (f/k/a Linn Marketing, LLC) and Riviera Michigan LLC, a Delaware limited liability company (f/k/a
Linn Midwest Energy LLC). 
 “MidCo” has the meaning assigned to such term in the preamble. 

“Unrestricted Subsidiary” means (a) Roan Holdco (for so long as Roan Holdco remains a Subsidiary), (b)
effective as of the Spinoff Part II Effective Date, Blue Mountain (for so long as Blue Mountain remains a Subsidiary), (c) effective as of the Third Amendment Effective Date, Mayzure (for so long as Mayzure remains a Subsidiary) and (d) any
Subsidiary of the Borrower designated by the Borrower as an Unrestricted Subsidiary after the date hereof in accordance with, and subject to the satisfaction of the conditions set forth in, Section 1.06. 

(b) The following definitions are hereby added where alphabetically appropriate to read as follows: 

“Helium VPP” means the production payment consisting of limited term overriding royalty interests in helium
produced from certain oil and gas properties and mineral estates in the Hugoton Field, Kansas, as set forth in and conveyed pursuant to the Helium VPP PSA and the Helium VPP Conveyance. 

“Helium VPP Conveyance” means that certain Conveyance of Term Overriding Royalty Interest, dated as of the
Third Amendment Effective Date, from Riviera Upstream, LLC to Mayzure, as amended, amended and restated, replaced, supplemented or otherwise modified from time to time to the extent permitted hereunder. 

“Helium VPP Documents” means, collectively, the Helium VPP Conveyance, the Helium VPP Mortgage and the Helium
VPP PSA. 

  
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 “Helium VPP Mortgage” means that certain Mortgage, Line of
Credit Mortgage, Assignment, Security Agreement, Fixture Filing and Financing Statement dated as of the Third Amendment Effective Date, from Riviera Upstream, LLC, as Mortgagor to Mayzure, as Mortgagee, as amended, amended and restated, replaced,
supplemented or otherwise modified from time to time to the extent permitted hereunder. 
 “Helium VPP
Properties” means the “Leases” as such term is defined in the Helium VPP Conveyance. 
 “Helium
VPP PSA” means that certain Purchase and Sale Agreement, dated as of March 8, 2019, by and between Riviera Upstream, LLC and Mayzure, as amended, amended and restated, replaced, supplemented or otherwise modified from time to time to the
extent permitted hereunder. 
 “Mayzure” means Mayzure, LLC, a Delaware limited liability company. 

“Third Amendment” means that certain Third Amendment to Credit Agreement, dated as of March 12, 2019, among
the Borrower, Holdings, MidCo, the Parent, the other Guarantors, the Administrative Agent and the Lenders party thereto. 

“Third Amendment Effective Date” has the meaning assigned to such term in the Third Amendment. 

(c) The penultimate sentence of the definition of “Debt” is hereby amended and restated in its entirety to read as follows
“Notwithstanding anything herein to the contrary, (i) any obligations of the Borrower or any Guarantor with respect to (x) any obligations under the Existing Credit Agreement secured by the Wells Fargo Default Interest LC and
(y) the Existing Letters of Credit shall not constitute Debt and (ii) the undischarged balance of the Helium VPP and obligations arising under the Helium VPP Documents shall not constitute Debt.”. 

(d) Clause (c) of the definition of “EBITDA” is hereby amended by (1) replacing the word “and” at the end of
clause (iii) with a comma, (2) adding the word “and” at the end of clause (iv) immediately prior to the period and (3) adding a new clause (v) to read as follows: “(v) any income or gain in respect of the
Helium VPP”. 
 2.4 Amendment to Section 9.03. Section 9.03 is hereby amended by adding a new clause (e) to read
as follows: 
 (e) Liens on the Helium VPP Properties arising pursuant to the Helium VPP and the Helium VPP Mortgage;
provided that such Liens shall not extend to or encumber any Property of the Obligors or the Restricted Subsidiaries other than the Helium VPP Properties. 

  
 Page 3 

 2.5 Amendment to Article IX. Article IX is hereby amended by adding a new Section
9.24 to read as follows: 
 Section 9.24 VPP Documents. The Obligors will not, and will not permit any of the
Restricted Subsidiaries to, amend, waive, modify or supplement in any material respect (or vote to enable, or take any other action to permit, such amendment, waiver, modification or supplement of) any of the Helium VPP Documents, in each case in
any manner materially adverse to the interests of the Administrative Agent and the Lenders. 
 Section 3. Conditions Precedent to
Third Amendment Effective Date. This Amendment shall become effective on the date (such date, the “Third Amendment Effective Date”) when each of the following conditions is satisfied (or waived in accordance with
Section 12.02 of the Credit Agreement): 
 3.1 Third Amendment. The Administrative Agent shall have received from the Borrower,
each other Obligor, the Majority Lenders and the Issuing Bank counterparts (in such number as may be requested by the Administrative Agent) of this Amendment signed on behalf of such Persons. 

3.2 No Default. No Default, Event of Default or Borrowing Base Deficiency shall have occurred and be continuing as of the Third
Amendment Effective Date. 
 3.3 Payment of Outstanding Invoices. The Administrative Agent shall have received payment by the
Borrower of all fees and other amounts due and payable on or prior to the Third Amendment Effective Date, including, to the extent invoiced prior to the Third Amendment Effective Date, reimbursement or payment of all reasonable out-of-pocket expenses required to be reimbursed or paid by the Borrower (including, but not limited to the reasonable fees of Paul Hastings LLP), in each case pursuant to the Credit Agreement. 

3.4 Helium VPP. The Administrative Agent shall have received a certificate from a Responsible Officer of the Borrower certifying that
(i) attached to such certificate are true, accurate and complete copies of the Helium VPP Documents and each other material document, instrument or agreement with respect to the Helium VPP, and since the date thereof, such Helium VPP Documents
have not been amended, waived, modified or supplemented, (ii) the Helium VPP has been consummated, or substantially simultaneously with the Third Amendment Effective Date, shall be consummated, in all material respects in accordance with the
terms of the Helium VPP Documents and (iii) Riviera Upstream, LLC has received, or substantially simultaneously with the Third Amendment Effective Date, shall receive, the Purchase Price (as defined in the Helium VPP PSA) pursuant to the terms
of the Helium VPP PSA. 
 The Administrative Agent is hereby authorized and directed to declare this Amendment to be effective and to
declare the occurrence of the Third Amendment Effective Date when it has received documents confirming compliance with the conditions set forth in this Section 3 or the waiver of such conditions in accordance with Section 12.02 of the
Credit Agreement. Such declaration shall be final, conclusive and binding upon all parties to the Credit Agreement for all purposes. For purposes of determining compliance with the conditions specified in this Section 3, each Lender that has
signed this Amendment shall be deemed to have consented to, approved or accepted, or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to such Lender, unless the
Administrative Agent shall have received written notice from such Lender prior to the Third 

  
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Amendment Effective Date specifying its objection thereto. Notwithstanding the foregoing, the Third Amendment Effective Date shall not occur unless each of the foregoing conditions is satisfied
(or waived pursuant to Section 10.02) at or prior to 11:59 p.m., New York City time, on April 12, 2019 (and, in the event such conditions are not so satisfied, extended or waived, this Third Amendment shall be void at such time and of no force
and effect). 
 Section 4. Miscellaneous. 

4.1 Confirmation. The provisions of the Credit Agreement (as amended by this Amendment) shall remain in full force and effect in
accordance with its terms following the effectiveness of this Amendment. 
 4.2 Ratification and Affirmation; Representations and
Warranties. Each Obligor hereby: (a) acknowledges the terms of this Amendment; (b) ratifies and affirms its obligations, and acknowledges, renews and extends its continued liability, under each Loan Document to which it is a party and
agrees that each Loan Document to which it is a party remains in full force and effect, as amended hereby (subject to subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally
and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law); (c) agrees that from and after the Third Amendment Effective Date, each reference to the Credit Agreement in the Loan Documents shall
be deemed to be a reference to the Credit Agreement, as amended by this Amendment; and (d) represents and warrants to the Lenders that as of the date hereof, after giving effect to the terms of this Amendment: (i) the representations and
warranties set forth in each Loan Document are true and correct in all material respects (except for those which have a materiality qualifier, which shall be true and correct in all respects as so qualified), except to the extent any such
representations and warranties are expressly limited to an earlier date, in which case, such representations and warranties shall continue to be true and correct in all material respects (except for those which have a materiality qualifier, which
shall be true and correct in all respects as so qualified) as of such specified earlier date and (ii) no Default has occurred and is continuing. 

4.3 Counterparts. This Amendment may be executed in counterparts (and by different parties hereto on different counterparts), each of
which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Amendment by fax, as an attachment to an email or other similar electronic
means shall be effective as delivery of a manually executed counterpart of this Agreement. 
 4.4 NO ORAL AGREEMENT. THIS
AMENDMENT, THE CREDIT AGREEMENT AND THE OTHER LOAN DOCUMENTS EXECUTED IN CONNECTION HEREWITH AND THEREWITH REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES HERETO AND THERETO AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR
SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. 
 4.5 GOVERNING LAW. THIS
AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

  
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 4.6 Payment of Expenses. In accordance with Section 12.03(a) of the Credit
Agreement, the Borrower agrees to pay or reimburse the Administrative Agent for its reasonable and documented out-of-pocket expenses incurred in connection with this
Amendment, any other documents prepared in connection herewith and the transactions contemplated hereby, including, without limitation, the reasonable and documented fees, charges and disbursements of counsel to each of the Administrative Agent.

 4.7 Severability. Any provision of this Amendment held to be invalid, illegal or unenforceable in any jurisdiction shall, as to
such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof or thereof; and the invalidity of a particular
provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 
 4.8 Successors and Assigns.
This Amendment shall be binding upon and inure to the benefit of the parties to the Credit Agreement and their respective successors and assigns permitted thereby. 

4.9 Loan Document. This Amendment is a “Loan Document” as defined and described in the Credit Agreement and all of the terms
and provisions of the Credit Agreement relating to Loan Documents shall apply hereto. 
 [Signatures begin next page.] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed
effective as of the date first written above. 
  

					
	BORROWER:	  	LINN ENERGY HOLDCO II LLC
			
		  	By:	  	 /s/ David B. Rottino

		  	Name:	  	David B. Rottino
		  	Title:	  	President and Chief Executive Officer
		
	PARENT:	  	LINN ENERGY HOLDCO LLC
			
		  	By:	  	 /s/ David B. Rottino

		  	Name:	  	David B. Rottino
		  	Title:	  	President and Chief Executive Officer
		
	MIDCO:	  	LINN MERGER SUB #1, LLC
			
		  	By:	  	 /s/ David B. Rottino

		  	Name:	  	David B. Rottino
		  	Title:	  	President and Chief Executive Officer
		
	HOLDINGS:	  	RIVIERA RESOURCES, INC.
			
		  	By:	  	 /s/ David B. Rottino

		  	Name:	  	David B. Rottino
		  	Title:	  	President and Chief Executive Officer

  
 SIGNATURE
PAGE 
 THIRD AMENDMENT TO CREDIT AGREEMENT 

					
	GUARANTORS:	  	RIVIERA UPSTREAM, LLC
			
		  	By:	  	 /s/ David B. Rottino

		  	Name:	  	David B. Rottino
		  	Title:	  	President and Chief Executive Officer
		
		  	RIVIERA OPERATING, LLC
			
		  	By:	  	 /s/ David B. Rottino

		  	Name:	  	David B. Rottino
		  	Title:	  	President and Chief Executive Officer
		
		  	RIVIERA MICHIGAN LLC
			
		  	By:	  	 /s/ David B. Rottino

		  	Name:	  	David B. Rottino
		  	Title:	  	President and Chief Executive Officer
		
		  	RIVIERA MARKETING, LLC
			
		  	By:	  	 /s/ David B. Rottino

		  	Name:	  	David B. Rottino
		  	Title:	  	President and Chief Executive Officer

  
 SIGNATURE
PAGE 
 THIRD AMENDMENT TO CREDIT AGREEMENT 

					
	ADMINISTRATIVE AGENT:	  	ROYAL BANK OF CANADA, as
		  	Administrative
		  	Agent
			
		  	By:	  	 /s/ Rodica Dutka

		  	Name:	  	Rodica Dutka
		  	Title:	  	Manager, Agency Services Group

  
 SIGNATURE
PAGE 
 THIRD AMENDMENT TO CREDIT AGREEMENT 

					
	ISSUING BANK AND LENDER:	  	ROYAL BANK OF CANADA, as Issuing
		  	Bank and a Lender
			
		  	By:	  	 /s/ Don J. McKinnerney

		  	Name:	  	Don J. McKinnerney
		  	Title:	  	Authorized Signatory

  
 SIGNATURE
PAGE 
 THIRD AMENDMENT TO CREDIT AGREEMENT 

							
	LENDERS:	 		 	CITIBANK, N.A., as a Lender
				
		 	                	 	By:	 	 /s/ Phil Ballard

		 		 	Name:	 	Phil Ballard
		 		 	Title:	 	Vice President

  
 SIGNATURE
PAGE 
 THIRD AMENDMENT TO CREDIT AGREEMENT 

							
		 	                    	 	BARCLAYS BANK PLC, as a Lender
				
		 		 	By:	 	 /s/ Sydney G. Dennis

		 		 	Name:	 	Sydney G. Dennis
		 		 	Title:	 	Director

  
 SIGNATURE
PAGE 
 THIRD AMENDMENT TO CREDIT AGREEMENT 

 
			
	JPMORGAN CHASE BANK, N.A., as a Lender
		
	By:	 	 /s/ Anson Williams

	Name:	 	Anson Williams
	Title:	 	Authorized Officer

  
 SIGNATURE
PAGE 
 THIRD AMENDMENT TO CREDIT AGREEMENT 

 
			
	MORGAN STANLEY BANK, N.A., as a
	Lender
		
	By:	 	 /s/ John Kuhns

	Name:	 	John Kuhns
	Title:	 	Authorized Signatory

  
 SIGNATURE
PAGE 
 THIRD AMENDMENT TO CREDIT AGREEMENT 

 
			
	PNC BANK, NATIONAL ASSOCIATION, as a Lender
		
	By:	 	 /s/ Denise S. Davis

	Name:	 	Denise S. Davis
	Title:	 	Vice President

  
 SIGNATURE
PAGE 
 THIRD AMENDMENT TO CREDIT AGREEMENT 

 
			
	ABN AMRO CAPITAL USA LLC, as a Lender
		
	By:	 	 /s/ Beth Johnson

	Name:	 	Beth Johnson
	Title:	 	Executive Director
		
	By:	 	 /s/ Darrell Holley

	Name:	 	Darrell Holley
	Title:	 	Managing Director

  
 SIGNATURE
PAGE 
 THIRD AMENDMENT TO CREDIT AGREEMENT 

 
			
	CADENCE BANK, N.A., as a Lender
		
	By:	 	 /s/ Eric Broussard

	Name:	 	Eric Broussard
	Title:	 	EVP

  
 SIGNATURE
PAGE 
 THIRD AMENDMENT TO CREDIT AGREEMENT 

 
			
	CAPITAL ONE, NATIONAL ASSOCIATION, as a Lender
		
	By:	 	 /s/ Mason McGurrin

	Name:	 	Mason McGurrin
	Title:	 	Managing Director

  
 SIGNATURE
PAGE 
 THIRD AMENDMENT TO CREDIT AGREEMENT 

 
			
	CATHAY BANK, as a Lender
		
	By:	 	 /s/ Stephen V Bacala II

	Name:	 	Stephen V Bacala II
	Title:	 	Vice President

  
 SIGNATURE
PAGE 
 THIRD AMENDMENT TO CREDIT AGREEMENT 

			
	CANADIAN IMPERIAL BANK OF COMMERCE, NEW YORK BRANCH, as a Lender
		
	By:	 	 /s/ Scott W. Danvers

	Name:	 	Scott W. Danvers
	Title:	 	Authorized Signatory
		
	By:	 	 /s/ Trudy Nelson

	Name:	 	Trudy Nelson
	Title:	 	Authorized Signatory

  
 SIGNATURE
PAGE 
 THIRD AMENDMENT TO CREDIT AGREEMENT 

 
			
	COMERICA BANK, as a Lender
		
	By:	 	 /s/ Britney P. Geidel

	Name:	 	Britney P. Geidel
	Title:	 	Portfolio Manager

  
 SIGNATURE
PAGE 
 THIRD AMENDMENT TO CREDIT AGREEMENT 

 
			
	BMO HARRIS BANK N.A., as a Lender
		
	By:	 	 /s/ Melissa Guzmann

	Name:	 	Melissa Guzmann
	Title:	 	Director

  
 SIGNATURE
PAGE 
 THIRD AMENDMENT TO CREDIT AGREEMENT 

 
			
	DNB CAPITAL LLC, as a Lender
		
	By:	 	 /s/ Joe Hykle

	Name:	 	Joe Hykle
	Title:	 	Senior Vice President
		
	By:	 	 /s/ Jamie Grubb

	Name:	 	Jamie Grubb
	Title:	 	First Vice President

  
 SIGNATURE
PAGE 
 THIRD AMENDMENT TO CREDIT AGREEMENT 

 
			
	FIFTH THIRD BANK, as a Lender
		
	By:	 	 /s/ Justin Bellamy

		 	Justin Bellamy
		 	Director

  
 SIGNATURE
PAGE 
 THIRD AMENDMENT TO CREDIT AGREEMENT 

 
			
	KEYBANK NATIONAL ASSOCIATION, as a Lender
		
	By:	 	 /s/ David M. Bornstein

	Name:	 	David M. Bornstein
	Title:	 	Senior Vice President

  
 SIGNATURE
PAGE 
 THIRD AMENDMENT TO CREDIT AGREEMENT 

 
			
	SOCIETE GENERALE, as a Lender
		
	By:	 	 /s/ Max Sonnonstine

	Name:	 	Max Sonnonstine
	Title:	 	Director

  
 SIGNATURE
PAGE 
 THIRD AMENDMENT TO CREDIT AGREEMENT 

 
			
	SUNTRUST BANK, as a Lender
		
	By:	 	 /s/ Brian Guffin

	Name:	 	Brian Guffin
	Title:	 	Managing Director

  
 SIGNATURE
PAGE 
 THIRD AMENDMENT TO CREDIT AGREEMENT 

 
			
	BP ENERGY COMPANY, as a Lender
		
	By:	 	 /s/ Timothy Yee

	Name:	 	Timothy Yee
	Title:	 	Attorney-in-Fact

  
 SIGNATURE
PAGE 
 THIRD AMENDMENT TO CREDIT AGREEMENT 

 
			
	MACQUARIE BANK LIMITED, as a Lender
		
	By:	 	 /s/ Ian Steddon

	Name:	 	Ian Steddon
	Title:	 	Division Director
		
	By:	 	 /s/ Lucy Maislish

	Name:	 	Lucy Maislish
	Title:	 	Associate Director

  
 SIGNATURE
PAGE 
 THIRD AMENDMENT TO CREDIT AGREEMENT 

 
			
	NEXTERA ENERGY MARKETING, LLC, as a Lender
		
	By:	 	 /s/ Mark Palanchlan

	Name:	 	Mark Palanchlan
	Title:	 	Vice President and Managing Director
		 	Nextera Energy Marketing, LLC

  
 SIGNATURE
PAGE 
 THIRD AMENDMENT TO CREDIT AGREEMENTExhibit 10.1

 

AMENDMENT TO EMPLOYMENT AGREEMENT

 

This Amendment (this “Amendment”)
effective as of the 11th day of March, 2019 to the Employment Agreement, initially effective as of July 31, 2018 (the “Employment
Agreement”), by and between Adial Pharmaceuticals, Inc. (the “Corporation”) and William B. Stilley, III (“Executive”).
Capitalized terms used herein without definition shall have the meanings assigned in the Employment Agreement.  

 

WHEREAS, Executive
was retained under the Employment Agreement by the Corporation to serve as its Chief Executive Officer; and

 

WHEREAS, in recognition
of the hard work and performance by Executive, the Corporation desires to amend the Employment Agreement.

 

NOW THEREFORE, for
the mutual promises contained herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties hereto agree to amend the Employment Agreement as follows:

 

1. Amendment.
Section 3.1 of the Employment Agreement is hereby deleted in its entirety and replaced with the following:

“3.1Base
Salary. During the Term of Employment, the Executive shall initially receive a base salary per annum of Four Hundred Thousand
Dollars ($400,000), payable in cash in accordance with the Company’s normal payroll practices as in effect from time to time.
During the Term of Employment, the Board may periodically review the Executive’s base salary and the Board (excluding the
Executive) may, in its sole discretion, set such base salary to an amount it determines to be appropriate, provided, however, that
any reduction will qualify as Good Reason under Section 1.11. The Executive’s base salary, as may be in effect from time
to time, is referred to herein as “Base Salary.”

2. Severability.
The provisions of this Amendment are severable and if any part of it is found to be unenforceable the other paragraphs shall remain
fully valid and enforceable.

 

3. No Other Amendments;
Confirmation. All other terms of the Employment Agreement shall remain in full force and effect. The Employment Agreement,
as amended by this Amendment, constitutes the entire agreement between the parties with respect to the subject matter thereof.

 

4. Counterparts.
 This Amendment may be executed in one or more counterparts, each of which shall be deemed an original but both of which together
shall constitute one and the same instrument.

 

5. Governing Law.
This Amendment is made and shall be construed and performed under the laws of the Commonwealth of Virginia without regard to its
choice or conflict of law principles and the parties agree to Virginia as the exclusive venue for any disputes arising hereunder.

 

 

[Signature page follows]

    	 		 

     

    

IN WITNESS WHEREOF, the parties hereto
have caused this Amendment to the Employment Agreement to be duly executed as of the day and year first above written.

 

	 	 	 
	 	 	 
	 	ADIAL PHARMACEUTICALS, INC.
	 	 	
         

         

	 	By: 	/s/ Joseph Truluck
	 	Name: 	Joseph Truluck
	 	Title: 	Chief Financial Officer
	 	 	 
	 	
        

         

        /s/ William B. Stilley

	 	WILLIAM B. STILLEY, III

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