Document:

Exhibit 10.22

 

 

 

THE SECURITIES REPRESENTED HEREBY
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS. THESE SECURITIES MAY NOT BE
OFFERED FOR SALE, SOLD OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT FILED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT. ANY SUCH DISPOSITION MAY ALSO BE SUBJECT
TO APPLICABLE STATE SECURITIES LAWS.

 

VOID AFTER 5:00 P.M., NEW YORK, NEW
YORK TIME, ON THE EXPIRATION DATE (AS DEFINED BELOW).

 

 

	Date of Issuance:  March 28, 2014	Number of Shares:  10,000,000

 

 

 

WARRANT TO PURCHASE

SHARES OF COMMON STOCK OF

DELTATHREE, INC. 

 

This certifies that,
for value received, D4 Holdings, LLC, a Delaware limited liability company, and its permitted assigns or successors in interest
(the “Holder”), is entitled to purchase from deltathree, Inc., a Delaware corporation (the “Company”),
subject to the terms and conditions hereof, at any time on or after the date of this Warrant and before 5:00 P.M., New York, New
York time on the date which is ten (10) years after the date hereof (the “Expiration Date”), that number of
fully paid and non-assessable shares of the Company’s common stock, par value $0.001 (the “Common Stock”),
as set forth in Section 2 hereof.

 

1.Definitions.
As used in this Warrant, the following terms shall have the meanings set forth below:

 

(a)“Exercise
Period” means the period beginning on the date of this Warrant and ending on the Expiration Date.

 

(b)“Exercise
Price” means $0.02 per share (as the same may be adjusted from time to time pursuant to the terms of this Warrant).

 

(c) “Fair
Market Value” means, on any particular date (a) if the Common Stock is then traded on a securities exchange, the average
of the closing prices of such Common Stock on such exchange over the five trading day period ending on such date, (b) if the Common
Stock is then regularly traded over-the-counter, the average of the closing sale prices or secondarily the closing bid of such
Common Stock over the five trading day period ending on such date, or (c) if there is no active public trading market for the Common
Stock, the fair market value of one share of the Warrant Shares as determined in good faith by the Board of Directors of the Company.

 

    	1

    	 

    

 

(d) “Person”
(whether or not capitalized) means an individual, entity, partnership, limited liability company, corporation, association, trust,
joint venture, unincorporated organization or any other form of entity not specifically listed herein, and any government, governmental
department or agency or political subdivision thereof.

 

(e)“Securities
Act” means the Securities Act of 1933, as amended, and all of the rules and regulations promulgated thereunder.

 

(f)“Warrant”
means this Warrant and all stock purchase warrants issued in exchange therefor pursuant to the terms thereof.

 

(g)“Warrant Shares”
means the shares of Common Stock issuable upon exercise of this Warrant.

 

2.Exercise of Warrant.

 

(a)Number
of Shares Underlying Warrant. This Warrant shall be exercisable for up to 10,000,000 shares of Common Stock, as adjusted
from time to time pursuant to the terms of this Warrant.

 

(b)Exercisability
of Warrant. This Warrant may be exercised by Holder, in whole or in part, in accordance with its terms, at any time or from
time to time beginning on the date hereof and ending at 5:00 p.m., New York City time, on the Expiration Date.

 

(c)Exercise Procedure.

 

(i)The
purchase rights represented by this Warrant may be exercised by the Holder, in whole or in part, by delivery of a notice of exercise
in the form set forth on the last page hereof (the “Exercise Notice”) at the principal office of the Company,
and by the payment to the Company of the aggregate Exercise Price (in accordance with the next sentence) in an amount equal to
the Exercise Price per share multiplied by the number of Warrant Shares then being purchased. The aggregate purchase price for
Warrant Shares being purchased hereunder pursuant to such exercise may be paid either (A) by cash or wire transfer of immediately
available funds, (B) by cancellation of indebtedness, (C) by surrender of a number of Warrant Shares which have a Fair Market Value
equal to the aggregate purchase price of the Warrant Shares being purchased (“Net Issuance”) as determined herein,
or (D) any combination of the foregoing. If the Holder elects the Net Issuance method of payment, the Company shall issue to Holder
upon exercise a number of shares of Warrant Shares determined in accordance with the following formula:

 

	X =	Y(A-B)
	 	A

   

	where:	X =	the number of Warrant Shares to be issued to the Holder;

 

 

    	2

    	 

    

 

	 	Y =	the number of Warrant Shares with respect to which the Holder is exercising its purchase rights under this Warrant;
	
	 	A =	the Fair Market Value of one (1) share of the Warrant Shares on the date immediately preceding the date of exercise; and
	 	B =	the Exercise Price.

 

(ii)No
fractional shares arising out of the above formula for determining the number of shares to be issued to the Holder shall be issued,
and the Company shall, in lieu thereof, make payment to the Holder of cash in the amount of such fraction multiplied by the Fair
Market Value of one (1) share of the Warrant Shares on the date of exercise.

 

(iii)In
the event of any exercise of the rights represented by this Warrant, certificates for the Warrant Shares so purchased shall be
delivered to the Holder as soon as practicable and, unless this Warrant has been fully exercised or has expired, a new Warrant
representing the portion of the Warrant Shares, if any, with respect to which this Warrant shall not then have been exercised shall
also be issued to the Holder as soon as practicable. Such exercise shall be deemed to have been made immediately prior to the close
of business on the date the Holder delivers the Exercise Notice with respect to such exercise.

 

3.Reservation of Warrant
Shares; Stock Fully Paid. During the Exercise Period, the Company shall reserve and keep available for issuance upon the
exercise of the Warrant such number of its authorized but unissued shares of Common Stock as will be sufficient to permit the exercise
in full of all outstanding Warrants. The Warrant Shares, upon issuance in accordance with the terms of this Warrant, will be validly
issued, fully paid and nonassessable, and free from all taxes, liens and charges with respect to the issuance thereof.

 

4.No Voting Rights; Limitations of Liability.
This Warrant will not entitle the Holder to any voting rights or other rights as a shareholder of the Company. No provision of
this Warrant, in the absence of affirmative action by the Holder to purchase Warrant Shares, and no enumeration in this Warrant
of the rights or privileges of the Holder, will give rise to any liability of such Holder as a stockholder of the Company.

 

5.Representations
of Holder; Restrictions on Transfer.

 

(a)The
Holder certifies and represents to the Company that it is an “accredited investor” as defined in Rule 501 of Regulation
D promulgated under the Securities Act. The Holder’s financial condition is such that it is able to bear the risk of holding
the Securities for an indefinite period of time and the risk of loss of its entire investment. The Holder has sufficient knowledge
and experience in investing in companies similar to the Company so as to be able to evaluate the risks and merits of its investment
in the Company. The Holder is acquiring the Securities for its own account for investment and not for resale or with a view to
distribution thereof in violation of the Securities Act. The Holder understands that the Securities have not been registered under
the Securities Act, by reason of their issuance by the Company in a transaction exempt from the registration requirements of the
Securities Act, and that the Securities must continue to be held by the Holder unless a subsequent disposition thereof is registered
under the Securities Act or is exempt from such registration.

    	3

    	 

    

 

 

(b)The
Holder agrees that the Holder will not transfer, sell or otherwise dispose of this Warrant without the express consent of the Company
in its reasonable discretion. Notwithstanding the foregoing, the Holder may transfer all or any portion of this Warrant to an affiliate
(as such term is defined in Rule 405 promulgated under the Securities Act) of the Holder.

 

(c)The
Holder agrees not to sell, pledge, distribute, offer for sale, transfer or otherwise dispose of this Warrant or any Warrant Shares
issued upon its exercise except under circumstances which will not result in a violation of the Securities Act. Upon exercise of
this Warrant, the Holder shall confirm in writing, by executing the form attached hereto, that the securities purchased thereby
are being acquired for investment solely for the Holder’s own account and not as a nominee for any other person, and not
with a view toward distribution or resale.

 

(d)The
certificates representing the Warrant Shares shall have affixed thereto a legend in substantially the following form, in addition
to other legends required by applicable state law:

 

THE SECURITIES REPRESENTED
HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR ANY STATE SECURITIES LAW,
AND MAY NOT BE TRANSFERRED, SOLD OR OTHERWISE DISPOSED OF UNLESS THE SAME ARE REGISTERED AND QUALIFIED IN ACCORDANCE WITH THE ACT
AND ANY APPLICABLE STATE SECURITIES LAWS, OR IN THE OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE ISSUER SUCH REGISTRATION
IS NOT REQUIRED UNDER THE ACT.

 

(e)With
respect to any offer, sale or other disposition of this Warrant or any Warrant Shares, the Holder agrees to give written notice
to the Company prior thereto, describing briefly the manner thereof together with a written opinion of the Holder’s counsel,
if reasonably requested by the Company, to the effect that such offer, sale or other disposition of this Warrant or such Warrant
Shares may be effected without registration under the Securities Act or qualification under any applicable state securities laws,
and indicating whether or not under the Securities Act certificates for this Warrant or such Warrant Shares, as the case may be,
to be sold or otherwise disposed of require any restrictive legend as to applicable restrictions on transferability in order to
insure compliance with the Securities Act. If the Company shall consent to the transfer of this Warrant or such Warrant Shares,
then each certificate representing this Warrant or the Warrant Shares thus transferred (except a transfer pursuant to Rule 144)
shall bear a legend as to the applicable restrictions on transferability in order to insure compliance with the Securities Act,
unless in the aforesaid reasonably satisfactory opinion of counsel for the Holder or the security holder, as the case may be, such
legend is not necessary in order to insure compliance with the Securities Act. The Company may issue stop transfer instructions
to its transfer agent in connection with such restrictions.

    	4

    	 

    

 

6.Miscellaneous.

 

(a)Amendment and Waiver.
Except as otherwise provided herein, the provisions of this Warrant may be amended only if the Company has obtained the prior written
consent of the Holder.

 

(b)Notices.
Any notices required to be sent to the Holder will be delivered to the address set forth below. Any notices required to be sent
to the Company will be delivered to the principal office of the Company as set forth on the signature page hereto. Any party may
change the address to which correspondence to it is to be addressed by written notification as provided herein. All notices required
or permitted hereunder, to be effective, shall be in writing and shall be deemed effectively given: (i) when sent by confirmed
facsimile if sent during normal business hours of the recipient, if not, then on the next business day, (ii) five (5) days after
having been sent by registered or certified mail, return receipt requested, postage prepaid, or (iii) one (1) business day after
deposit with a nationally recognized overnight courier, specifying next day delivery, with written verification of receipt.

 

	If to the Holder, to:	 
	 	 
	D4 Holdings, LLC	 
	349-L Copperfield Blvd, #407	 
	Concord, NC 28025	 
	Attention: Robert Stevanovski, Manager and A second copy to

 Colleen Jones, General Counsel
	Facsimile: 704.260.3304

  

(c)Descriptive Headings;
Pronouns. The descriptive headings of the paragraphs of this Warrant are inserted for convenience only and do not constitute
a part of this Warrant. All pronouns or any variation thereof shall be deemed to refer to the masculine, feminine or neuter, singular
or plural, as the identity of the person, persons, entity or entities may require.

 

(d)Governing Law.
This Warrant shall be governed by and construed in accordance with the internal and substantive laws of the State of Delaware and
without regard to any conflicts of laws concepts which would apply the substantive law of some other jurisdiction.

 

(e)Successors
and Assigns. Subject to Section 5, the provisions of this Warrant shall be binding upon, and inure to the benefit of, the respective
successors and assigns of the parties hereto.

 

(f)Severability.
In the event that any one or more of the provisions of this Warrant shall for any reason be held to be invalid, illegal or unenforceable,
in whole or in part or in any respect, or in the event that any one or more of the provisions of this Warrant operate or would
prospectively operate to invalidate this Warrant, then and in any such event, such provision(s) only shall be deemed null and void
and shall not affect any other provision of this Warrant and the remaining provisions of this Warrant shall remain operative and
in full force and effect and in no way shall be affected, prejudiced, or disturbed thereby.

 

    	5

    	 

    

 

(g)Waiver
of Jury Trial. EACH OF THE COMPANY AND THE HOLDER WAIVES ALL RIGHTS TO TRIAL BY JURY OF ANY SUITS, CLAIMS, COUNTERCLAIMS, AND
ACTIONS OF ANY KIND ARISING UNDER OR RELATING TO THIS AGREEMENT. EACH OF THE COMPANY AND THE HOLDER ACKNOWLEDGES THAT THIS IS A
WAIVER OF A LEGAL RIGHT AND REPRESENTS TO THE OTHER THAT THIS WAIVER IS MADE KNOWINGLY AND VOLUNTARILY. THE COMPANY AND THE HOLDER
EACH AGREE THAT ALL SUCH SUITS, CLAIMS, COUNTERCLAIMS, AND ACTIONS SHALL BE TRIED BEFORE A JUDGE OF A COURT OF COMPETENT JURISDICTION,
WITHOUT A JURY.

 

(h)Adjustments.

 

(i)If at
any time after the date hereof there is any change in the outstanding shares of capital stock of the Company by reason of stock
dividends, splits, recapitalizations, reclassifications, combinations or exchanges of shares, separations, reorganizations, liquidations,
or the like, the number and class of shares available under this Warrant in the aggregate and the Exercise Price, as applicable,
shall be correspondingly adjusted to give the Holder, on exercise for the same aggregate Exercise Price, the total number, class,
and kind of shares as the Holder would have owned had the Warrant been exercised prior to the event and had the Holder continued
to hold such shares until after the event requiring adjustment. The form of this Warrant need not be changed because of any adjustment
in the number of Warrant Shares subject to this Warrant.

 

(ii)In
case of any reclassification or change of outstanding securities of the class and series issuable upon exercise of this Warrant
(other than a change in par value, or from par value to no par value, or from no par value to par value, or as a result of a subdivision
or combination), or in case of any consolidation or merger of the Company with or into a continuing corporation (other than a merger
with another corporation in which the Company is a continuing corporation and which does not result in any reclassification or
change of outstanding securities issuable upon exercise of this Warrant), or in case of a sale of all or substantially all of the
assets of the Company, unless this Warrant shall have been exercised or terminated in accordance with its terms, the Company, or
such successor or purchasing corporation, shall execute a new Warrant, which provides that the Holder shall have the right to exercise
such new Warrant and procure upon such exercise in lieu of each Warrant Share theretofore issuable upon exercise of this Warrant
the kind and amount of shares of stock, other securities, money and property receivable upon such reclassification, change, merger
or transfer by a holder of one share of the type of security issuable upon exercise of this Warrant. Such new Warrant shall provide
for adjustments which shall be as nearly equivalent as may be practicable to the adjustments provided for in this Section 6(h).
The provisions of this Section 6(h)(ii) shall similarly apply to successive reclassifications, changes, mergers or transfers.

 

    	6

    	 

    

 

(iii)If
at any time after the date hereof any change occurs in the outstanding capital stock of the Company or any other event occurs as
to which the other provisions of this Section 6(h) are not strictly applicable or if strictly applicable would not fairly protect
the purchase rights of the Holder in accordance with such provisions, then the independent members of the Board of Directors of
the Company shall, in their reasonable good faith judgment, make an adjustment in the number and class of shares available under
the Warrant, the Exercise Price or the application of such provisions, as applicable, so as to protect such purchase rights as
aforesaid. The adjustment shall be such as to give the Holder upon exercise for the same aggregate Exercise Price the total number,
class and kind of shares as the Holder would have owned had this Warrant been exercised prior to the event and had the Holder continued
to hold such shares until after the event requiring adjustment.

 

(iv)Whenever
the Exercise Price shall be adjusted pursuant to this Section 6(h), the Company shall issue a certificate signed by its chief financial
officer or other executive officer setting forth, in reasonable detail, the event requiring the adjustment, the amount of the adjustment,
the method by which such adjustment was calculated, and the Exercise Price (and, if applicable, the number and type of security
for which the Warrant may be exercised) after giving effect to such adjustment, and shall cause copies of such certificate to be
mailed (by first class mail, postage prepaid) to the Holder.

 

[Signature page follows]

 

    	7

    	 

    

IN WITNESS WHEREOF, each of the
parties has caused this Warrant to be executed by its duly authorized officer as of the date first written above. 

 

	 	COMPANY:
	 	 
	 	DELTATHREE, INC.
	 	 
	 	 
	 	By: 	/s/ Effi Baruch	 
	 	Name:	Effi Baruch
	 	Title:	Chief Executive Officer and President
	 	 	 

	 	Address:
	 	 
	 	Jerusalem Technology Park – Bldg. #9

P.O. Box 48265

Jerusalem 91481, Israel

Attention:  Chief Executive Officer

Facsimile:
  011.972.2.649.1200
	 	 
	 	 

 

	 	HOLDER:
	 	 
	 	D4 HOLDINGS, LLC
	 	 
	 	By: Praescient, LLC, its Manager
	 	 
	 	 
	 	By: 	/s/ Robert Stevanovski	 
	 	Name:	Robert Stevanovski
	 	Title:	Manager
	 	 	 

 

 

 

 

 

    	 

    	 

    

NOTICE OF EXERCISE

 

		TO:	DELTATHREE, INC.

 

1.The undersigned
hereby elects to purchase __________ shares of common stock, par value $0.001 (the “Common Stock”), of deltathree,
Inc. (the “Company”) pursuant to the terms of that certain Warrant issued by the Company to D4 Holdings, LLC
as of February __, 2014, and tenders herewith payment of the purchase price of such shares in full, together with all applicable
transfer taxes, if any, in accordance with the election set forth in paragraph 2 below.

 

2.Manner of Exercise.
The undersigned Holder elects to exercise the Warrant for such shares of Common Stock in the following manner:

 

		 ̈	Cash Exercise. The undersigned tenders herewith payment of the aggregate Exercise Price
for the Common Stock in the form of cash or wire transfer of immediately available funds.

 

		 ̈	Cancellation of Indebtedness. The undersigned tenders payment of the aggregate Exercise
Price for the Common Stock by cancelling $____________ of outstanding indebtedness owed by the Company to Holder, which cancellation
shall be deemed effective simultaneously with the delivery of this Notice;

 

		 ̈	Cashless or “Net Issuance” Exercise. The undersigned hereby elects to exercise
this Warrant by means of a Net Issuance exercise pursuant to the provision of Section 2(c)(i) of the Warrant.

 

3.Please issue
a certificate or certificates representing said securities in the name of the undersigned or in such other name as is specified
below:

 

________________________________

(Name)

________________________________

 

________________________________

(Address)

 

4.The undersigned
represents that the aforesaid shares of Common Stock are being acquired for the account of the undersigned for investment and not
with a view to, or for resale in connection with, the distribution thereof, and that the undersigned has no present intention of
distributing or reselling such shares in violation of applicable securities laws.

 

______________________________

                         (Signature)

 

__________________________

(Date)VENDOR AGREEMENT

 

This VENDOR AGREEMENT
(“Agreement)') is made by and between Bodybuilding.com, LLC, a Delaware Limited Liability, located at 2026 8. Silverstone
Way, Meridian, ID 83642 (“Bodybuilding. com”) and MusclePharm Corporation (“Vendor”), a Nevada corporation/limited
liability company, effective______________,,,...December 3, 2010.

 

WHEREAS, Bodybuilding.com
is an international and domestic retailer of vitamins, dietary supplements, sports supplements, beverages, foods, gym equipment,
and fitness clothing;

 

WHEREAS, Vendor is
a provider of vitamins, dietary supplements, sports supplements, beverages, foods, gym equipment, or fitness clothing (“Product”
or “Products” and includes any current or new product submitted to or distributed by Bodybuilding.com);

 

WHEREAS, Bodybuilding.com
and Vendor desire Bodybuilding.com to resell Vendor's Products; and

 

NOW, THEREFORE, for
good and valuable consideration, and in consideration of the mutual covenants and conditions herein set forth and with the intent
to be legally bound thereby, Bodybuilding.com and Vendor hereby agree as follows:

 

I.           POLICIES
AND PROCEDURES

 

Vendor agrees to abide
by and be bound by Bodybuilding.c-0m's Policies and Procedures, set forth in Bodybuilding.com's Handbook that relate to: (1) new
product submissions; (2) product page submission; (3) product ordering; (4) shipping and receiving; (5) product returns; (6) payment;
and (7) products testing, which Vendor received in conjunction with this Agreement (“Handbook”). Bodybuilding.com reserves
the right to revise its Handbook upon reasonable notice to Vendor.

 

II.          NEW
PRODUCT SUBMISSIONS AND PRODUCT PAGE SUBMISSIONS

 

The Handbook sets
forth Bodybuilding.com's Policies and Procedures that relate to new product submissions and product page submissions. Bodybuilding.com
uses the product descriptions, advertising, marketing materials, write-ups, high resolution pictures, product videos, banners and
any other pertinent information for inclusion on Bodybuilding.com's website (“Marketing Information”) submitted by
Vendor. Bodybuilding.com reserves the right to make revisions to Vendor's Marketing Information for compliance with the rules and
regulations of Food and Drug Administration (“FDA”) or the Federal Trade Commission (“FTC”). It is Vendor's
responsibility to provide adequate proof or competent and reliable evidence verifying that there is adequate support for any express
or implied product claims or structure/function claims (“Substantiation'') in the Marketing Information, on Product labels,
Product packaging, or on Vendor's own website. It is also Vendor's responsibility to promptly submit any updates to the Marketing
Information.

 

m.           PRODUCT
ORDERING AND SHIPPING

 

(a)          The
Handbook sets forth Bodybuilding.com's policies and procedures regarding product ordering and shipping and receiving. Vendor will
provide Products to Bodybuilding.com for international and domestic retail.

 

	Vendor Agreement
	Page 1 of 9

		

 

    	 

    	 

    

 

(b)          All
shipments will be FOB Bodybuilding.com; the risk of loss shall be on Vendor. Vendor will be responsible for all freight and shipping
costs. Deliveries shall be made to the warehouse identified on the Purchase Order (“PO”).

 

(c)          Acceptance
of the shipment shall be deemed to occur only after Bodybuilding.com has had a reasonable opportunity to inspect, review, and count
the shipment. Signature of a Bill of Lading shall not be deemed an acceptance of a shipment. Bodybuilding.com's signature on the
Bill of Lading is not in any way an agreement to any quantity, quality, or items of a shipment.

 

(d)          In
addition to rights under Article 2 of Idaho's Uniform Commercial Code, Bodybuilding.com or its agent, in its sole discretion may
refuse delivery of, or return. any of the following Products pursuant to Section 8 of this Agreement: (1) unordered product; (2)
Product that exceeds the amount ordered in the PO; (3) Product received that is damaged or defective, whether latent or obvious;(4)
Product not packed, shipped, or labeled in compliance with all applicable federal, state, local laws, ordinances, this Agreement,
or Bodybuilding.com's Shipping and Receiving Policy;

 

(5) Product not timely delivered; (6) Product
not in conformity with the PO; and {7) Product not in compliance with any samples or labels previously sent to Bodybuilding.com
(collectively, “Nonconforming Goods''), Bodybuilding.com, at its option, may return any Nonconforming Goods, at Vendor's
expense or require timely replacement, at Vendor's expense and all without prejudice to Bodybuilding.com's other rights or remedies.

 

IV.          RETURNS

 

(a)          Vendor
agrees to accept returns for Product for any of the following reasons; (1) return by Bodybuilding.com's customers to Bodybuilding.com
in accord with its return policy which is currently for any reason within 90 days of sale; (2) Products that fail to promptly sell,
to be determined by Bodybuilding.com in its sole discretion at any time; (3) recalled Product; (4) discontinued Product for any
reason within Bodybuilding .corn's sole discretion to determine; (5) damaged or defective Product, whether obvious or latent; (6)
mislabeled Product; (7) expired or obsolete Product; (8) Product not in accordance with federal, state, local laws, ordinances
or this Agreement; (9) Product that was shipped, but did not comply with Bodybuilding.com’s Shipping and Receiving
Policy; (10) bad batches of Product; (11) Product that is in unsalable for any reason and regardless of whether accepted by Bodybuilding.com;
or (12) Nonconforming Goods (collectively, “Returned Products”).

 

(b)          Bodybuilding.com
will apply a credit to Vendor's account following the list of Returned Products. Bodybuilding.com may either: (1) discount the
Vendor's next invoice for all Returned Products; or (2) demand a refund of any Returned Products from Vendor, payable Net 30, at
Bodybuilding.com's discretion.

 

V.
          PAYMENT

 

(a)          Bodybuilding.com
agrees to pay the undisputed amount owing less 2% if such amounts are paid within 15 days from receipt of an accurate invoice or
acceptance of Product, whichever is later. All amounts owing are due 45 days from receipt of an accurate invoice or acceptance
of Product, whichever is later. Bodybuilding.com may, at its option, offset its payment obligations to Vendor against any monies
owed and not yet paid by Vendor under this Agreement

 

	Vendor Agreement
	Page 2 of 9

 

		

 

    	 

    	 

    

 

(b)          Vendor
agrees to invoice Bodybuilding.com for the prices set forth in its Vendor Price List, provided to Bodybuilding.com in conjunction
with the execution of this Agreement. Vendor agrees to provide Bodybuilding.com at least thirty (30) days prior written notice
m order to effectuate a price change on the Vendor Price List.

 

VI.          FDA/FTC
COMPLIANCE

 

(a)          Vendor
will immediately notify Bodybuilding.com, in writing, if it is contacted by the FDA or FTC or any other federal, state or local
governmental entity regarding any issue relating to any Products.

 

(b)          In
conjunction with Bodybuilding. com's analysis of Vendor's Product(s) for FDA compliance, Vendor agrees to provide Bodybuilding.com
with dosage for ingredients in any Product, upon request by Bodybuilding.com, which will be treated as Confidential Information.

 

(c)        If
it comes to attention of Bodybuilding. com or Vendor that a Product is subject to a market withdrawal, corrective action, or recall,
Vendor shall be responsible for, initiate, and facilitate the recall, at its own cost and expense and reimburse Bodybuilding. com
for any of its cost and expense related to the event and the cost of the Product.

 

(d)         Vendor
agrees that Bodybuilding.com may perform periodic on site facility reviews of any facility where the Products and any components
thereof are manufactured, packaged, stored, including, without limitation Vendor or any contract manufacturer that Vendor uses
for the Products (''Site Review”). A Site Review may occur with little or no notice to Vendor. Site Reviews will occur during
normal business hours. Bodybuilding.com reserves the right to audit Vendor's compliance with GMP and other federal> state, local
laws and regulations, and Bodybuilding.com's Policies and Procedures.

 

VII.         TERM
AND TERMINATION

 

(a)          This
Agreement will have an initial term of one (1) year and will automatically renew for successive one (1) year terms thereafter,
unless either party notifies the other party in writing thirty

(30) days prior to renewal of its intent not to renew.

  

(b)         Either party may terminate this Agreement
at any time on thirty (30) days’ written notice.

 

(c)          Either
party may terminate this Agreement on two (2) business days’ notice if the other party institutes or suffers the institution
against it of bankruptcy, reorganization, liquidation, receivership, insolvency or similar proceedings.

 

	Vendor Agreement
	Page 3 of 9

 

		

 

    	 

    	 

    

 

(d)          Bodybuilding.com
may continue to sell Vendor's Products after termination of this Agreement until it sells out of the Products, without prejudice
to Bodybuilding.com's other rights and remedies.

 

VlII. INTELLECTUAL PROPERTY

 

(a)          Vendor
grants to Bodybuilding.com the limited, non-exclusive right to use, during the term of this Agreement, the trademarks, trade names,
trade dress, copyright, ingredient listing, marketing material, and other intellectual property associated with the Products ('“IP”)
for the purpose of promoting and marketing the Products, including, without limitation in advertisements, on its website, for purposes
of SEO, for purposes of SEM, and to effectuate effective keyword searches. Bodybuilding.com may continue to use Vendor’s
IP after termination of this Agreement until it sells out of the Products, without prejudice to Bodybuilding.com's other rights
and remedies.

 

(b)          Bodybuilding.com
grants to Vendor the limited. non-exclusive right to use, during the term of this Agreement, the trademarks and trade names of
Bodybuilding.com for the sole purpose of identifying Bodybuilding.com as a distributor of the Products.

 

(c)          Except
as expressly provided herein, neither party will acquire any rights or interest in the other party's trademarks, trade names, trade
dress or other intellectual property, and any goodwill generated therein will inure solely to the benefit of the owner party. Each
party reserves the right to approve the substance and form of any and all uses of its trademarks, trade names and other
intellectual

property.

 

IX. VENDOR REPRESENTATIONS AND WARRANTIES

 

Vendor agrees and
acknowledges that all Products provided to Bodybuilding.com are permitted for sale under applicable federal, state and local laws
and compliance guidelines, including, without limitation, any laws or policies administered by the Food and Drug Administration
(FDA”) or the Federal Trade Commission (“FTC'). Vendor further agrees and acknowledges that Bodybuilding.com intends
to sell only products that are manufactured, marketed, labeled, and packaged in accordance with applicable federal, state and local
laws and compliance guidelines. Vendor represents and warrants to Bodybuilding.com that: (a) the Products are compliant with and
not in violation of any federal, state, and local code. Laws, rules, and regulations, including, without limitation the Food Drug
& Cosmetic Act (“'FD&C Act”), the Controlled Substance Act, Dietary Supplement Health and Education Act of
1994 (“'DSHEA”), and California's Proposition 65; (b) the Products or any ingredient or component thereof have not
been marketed as drugs, or as Products that cure diseases, and will not be a “Drug” as defined by U.S.C. §32l(g)(l)
et seq; (c) the Products, as well as their packages and containers, bear all markings, warnings and label information required
under applicable federal, state and local laws and guidelines; (d) any required approvals, notifications, new dietary ingredient
applications related to the Products or any components or ingredients contained within the Products have been made to FDA or any
other appropriate federal, state or local government agency;

 

(e)          it
is making a continuing guaranty and undertaking, within the meaning of section 303(c)(2) of the

 

(f)

 

	Vendor Agreement
	Page 4 of 9

 

		

 

    	 

    	 

    

 

(g)          FD&C
Act and 21 C.F.R. § 7.12-7.13, that the Products are not adulterated or misbranded within the meaning of the FD&C Act,
and the Products are not such that may not be introduced into interstate commerce under sections 404 or 505 of the FD&C
Act; (f) Vendor and its facilities are compliant with good manufacturing practices, codified at 21 CFR parts 110 and 111 et
seq., if applicable (“GMP”); (g) the Products have been manufactured. packaged, stored and shipped in accordance
with the current GMP; {h) the Products contain the ingredients in the amounts that have been specified on the label; (i) the Products
are fit and safe for their intended use; (j) Vendor's Marketing Material is compliant with and not in violation of the Federal
Trade Commission Act; (k) it has adequate Substantiation for all claims and statements that are set forth in the Marketing Information
and on any labeling. packaging, and advertising of the Product and that its Substantiation is accurate and truthful; (1) the Products
and/or Marketing Information do not infringe on any third party's intellectual property, including, without limitation patent,
copyright, or trademark rights; (m) that Vendor's insurance does not exclude any ingredient or any compound, related compound,
concentrate, constituent, botanical source, starting material, extract, element, derivative, byproduct, metabolite. precursor,
or excipient thereof that is contained in any of the Products; (n) Vendor's performance of this Agreement is not in conflict with,
and will not cause an event of default under, any agreement or instrument to which Vendor is a party or by which Vendor is bound,
including, without limitation, any credit, and supply or licensing agreements; and (o) the individual entering into this Agreement
on behalf of Vendor has the authority and full power to do so, and all corporate actions have been taken, and all approvals obtained,
that are necessary to make this Agreement binding and enforceable as against Vendor.

 

X.           INDEMNIFICATION

 

(a)          Vendor
agrees to indemnify, defend, and hold harmless Bodybuilding. com and its parent, subsidiaries, affiliated companies. and their
respective current and former directors, officers, employees, contractors, stockholders, agents and representatives (collectively,
the “Indemnified Parties'', from and against any and all Claims (defined below) arising out of, resulting from, or relating
to (1) the Products;(2) the Marketing Information, Substantiation, statements, instructions for use or warnings on label(s). boxes,
inserts or other packages or containers for the Product or Products or directions for use or application provided or approved by
the Vendor; (3) any act or omission of Vendor, or the employees, contractors, agents or representatives of Vendor, in the furnishing
of Products; (4) any actual or alleged infringement by the Vendor of intellectual property rights that relate to Products; (5)
the promotion, sale, purchase, resale or use of the Products or any litigation or regulatory action based thereon; (6) any actual
or alleged violation of any federal, state or local statute regulation or ordinance; (7) any allegation that any Product provided
by Vendor was defective, misleading, harmful or in violation or contravention of any express or implied warranty of Vendor in any
way; (8) any actual or alleged breach by Vendor of this Agreement; (9) any actual or alleged breach by Vendor of any representation
or warranty contained in this Agreement; or (10) any enforcement, investigation, charges, or other action against brought by any
federal, state, or local governmental authority, including, without limitation the FDA or the FTC that in any way relates to the
Products or Marketing Information.

 

	Vendor Agreement
	Page 5 of 9

 

		

 

    	 

    	 

    

 

(b)          ”Claim(s)”
shall mean any and all foreseeable or unforeseeable and alleged or actual actions (including administrative appellate, arbitration,
mediation), causes of action (whether in tort, agreement or strict liability, and whether in law, equity, statutory or otherwise),
bodily harm or personal injury (including sickness, Disease, psychological. emotional distress, or death of any person). claims,
damages (including consequential, direct, economic exemplary, future, incidental, indirect, noneconomic, past, special and punitive),
demands, disbursements, judgments, lawsuits, legal proceedings, liability, litigation, losses (including lost income or profit),
property damage (including any harm, impairment, theft. loss or loss of use), sanctions, settlement payments. costs or expenses
of any nature whatsoever, whether accrued, absolute, contingent or otherwise, including, without limitation, attorneys' fees and
costs (whether or not suit is brought), and expert witness fees.

 

(c)
           The Indemnified Parties shall give Vendor prompt written notice
of any Claim(s), although failure to do so shall not excuse Vendor's obligations hereunder except to the extent that material
prejudice directly results from such a failure. Vendor may assume the defense of such action, subject to written approval of
defense counsel by the Indemnified Parties. Vendor may not settle the Claim(s) without the Indemnified Parties' prior written
approval. The Indemnified Parties shall provide reasonable assistance to Vendor, at Vendor's expense, in defending the claim
and/or may, at its option, participate in the settlement or defense of any such claim with its own counsel and at its own
expense.

 

XI.          INSURANCE

 

(a)          Vendor
shall secure at its own cost and keep in force during the term of this Agreement the following minimum limits of insurance:

 

	Commercial General Liability General Aggregate Limit	 	$	5,000,000	 
	Products/Completed  Operations	 	$	5,000,000	 
	Each Occurrence	 	$	5,000,000	 
	Advertising Injury and Personal Injury Aggregate Limit	 	$	5,000,000	 
	Umbrella or Excess Liability	 	$	5,000,000	 

 

(b)          Bodybuilding.com,
its parent company, affiliated companies, their directors officers, agents, and employees shall be covered as additional insureds
on each of the policies listed in subsection (a) without limitation and shall name Bodybuilding. com as an additional insured on
the Certificates of Insurance. Coverage provided by Vendor to Bodybuilding.com shall be true primary coverage and non-contributory
coverage. Any deductibles or other similar obligation under the policies shall be the sole obligation of Vendor. If coverage is
“claims made,” the retroactive date must be prior to this Agreement. Other coverage available to Vendor shall be excess
of Bodybuilding.com's coverage and shall not be called upon to contribute to the defense or seuJement of claims until Vendor's
coverage has been exhausted. Simultaneously with the execution of this document, Vendor shall provide Bodybuilding.com Certificates
of Insurance, evidencing the coverage. Vendor will provide Bodybuilding.com a copy of the insurance policies {including any exhibits.
addenda, or anything listing ingredient exclusions), binders, and certificates, upon Bodybuilding.com's request. If coverage for
Bodybuilding.com is provided by endorsement to the policy, Vendor shall provide copies of the operative endorsement with the Certificates
of Insurance. During the term of this Agreement, Vendor shall not make any material change in coverage or cancel the policies.
Vendor's insurance may not exclude any ingredient or any compound, related compound, concentrate, constituent, botanical source,
starting material, extract, element, derivative, byproduct, metabolite, precursor, or excipient thereof that is contained in any
of its Products

 

	Vendor Agreement
	Page 6 of 9

 

		

 

    	 

    	 

    

 

(c)          Vendor is required
to annually renew coverage and submit updated Certificates of Insurance and if requested, policies, binders, and certificates to
Bodybuilding.com.

 

(d)          Bodybuilding.com
does not represent that the coverage and limits required hereunder will be adequate to protect Vendor and such coverage and limits
will not be deemed to be a limitation on Vendor's liability to Bodybuilding.com. if any, arising under this Agreement

 

(e)          The
requirements set forth herein shall remain for a period of five (5) years following expiration or termination of this
Agreement

 

XII.         DISCLAIMER
OF LIABILITY

 

EXCEPT WITH RESPECT
TO THE INDEMNIFICATION OBLIGATIONS SET FORTH IN SECTION 12 HEREIN, BODYBUILDING.COM SHALL NOT BE LIAB.LE FOR ANY INDIRECT, SPECIAL,
INCIDENTAL OR CONSEQUENTIAL DAMAGES ARISING OUT OF ANY PROVISION OF TIDS AGREEMENT (INCLUDING, WITHOUT LIMITATION, ANY LOST PROFITS),
EVEN IF BODYBUILDING. COM HAS BEEN ADVISED BY VENDOR OF THE POSSIBILITY OF SUCH DAMAGES.

 

XIII.         NOTICES

 

Any notice or other
communication given pursuant to this Agreement shall be in writing and shall be deemed duly given (a) when delivered personally
to the party for whom intended (b) five (5) days following deposit of the same into the United States mail (certified mail, return
receipt requested, or first class postage prepaid}. (c) when sent by facsimile (With confirmation of delivery), (d) by electronic
mail so long as receipt by the other party is acknowledged by the other party or by return receipt, or (e) on the designated day
of delivery after being timely given to an overnight delivery service {with confirmation of delivery). Notice shall be deemed given
when delivered to the respective addresses set out below, or to such other address as a Party shall specify in the manner required
by this Section, as follows:

 

If to Bodybuilding.com:

 

	 	Bodybuilding.com, LLC 
	 	Attn: Erica W. Stump Esq. 
	 	2026 S. Silverstone Way 
	 	Meridian, ID 83642
	 	(208) 489-6004
	 	Facsimile: (208) 246-6363
	 	Electronic Mail: erica.stump@Bodybuilding. com
	 	 
	 	If to Vendor: To the Attorney or Legal Contact identified on the Vendor Information Sheet.

 

	Vendor Agreement
	Page 7 of 9

 

		

 

    	 

    	 

    

 

XIV.         MISCELLANEOUS

 

(a)          Survival.
Sections 6, 9, 10, 11. 12, and 13 shall survive termination or expiration of this Agreement.

 

{b)         Independent Parties.
The relationship between Bodybuilding.com and Vendor is that of independent contractors and neither party will be considered, or
hold itself out as, an agent, partner, joint venture, or representative of the other for any purpose. Nothing in this Agreement
shall be construed to establish a relationship that would allow either party to make representations, warranties or commitments
on behalf of the other party.

 

(c)           Confidential
Information. Each party agrees not to use any Confidential Information of the other party for its own use or for any purpose other
than to carry out its obligations under this Agreement. “Confidential Information” means any information, technical
data, personal and customer Information, financial information, business plans, marketing information, employee or consultant information,
technology, suppliers, methodology, know. how, or information qualifying under Idaho's Trade Secrets Act, of the disclosing party
that is disclosed by the disclosing party to the receiving party or that is otherwise learned by the receiving party in the course
of its business dealings with the disclosing party, and that has been identified as being proprietary and/or confidential or that
by the nature of the circumstances surrounding the disclosure. Confidential Information does not include information that (1) is
or becomes publically available through no fault of the receiving party; (2) can be shown by documentation to have been known by
the receiving party prior to its receipt from the disclosing party; (3) is rightfully received from a third party who did not acquire
or disclose such information by a wrongful or tortious act; or (4) can be shown by documentation to have been developed by the
receiving party without reference to any Confidential Information. If the receiving party becomes legally obligated to disclose
Confidential Information to any governmental entity, the receiving party will give the disclosing party prompt written notice sufficient
to allow the disclosing party to seek a protective order or other appropriate remedy. The receiving party will disclose only such
information as is required by the governmental entity and will use its reasonable best efforts to obtain confidential treatment
for any Confidential Information that is so disclosed. All Confidential Information will remain the exclusive property of the disclosing
party, and the receiving party will have no rights, by license or otherwise, to use the Confidential Information except as expressly
provided herein.

 

(d)          Successors;
Assignments. This Agreement will be binding on and inure to the benefit of the parties and their respective successors in interest
and assigns. Bodybuilding. com may freely assign this Agreement. Vendor may not assign any of this Agreement, without Bodybuilding.com's
prior written consent.

 

(e)          Governing
Law; Venue. This Agreement and Handbook and the rights and obligations of the parties will be governed by and construed according
to the laws of the state of Idaho, without regard to its choice of law provisions. Any controversy arising under, in connection
with or in any way relating to this Agreement and Handbook shall be adjudicated before a state or federal court of competent jurisdiction
located in Boise, Ada County, Idaho. By the execution and delivery of this Agreement, each party (i) accepts. generally and unconditionally,
the exclusive jurisdiction of such court and any related appellate court, and irrevocably agrees to be bound by any judgment
rendered thereby in connection with this Agreement, and (ii) irrevocably waives any objection it may now or hereafter have as to
the venue of any such suit, action or proceeding brought in such a court or any argument based upon forum non conveniens.

 

	Vendor Agreement
	Page 8 of 9

 

		

 

    	 

    	 

    

 

(f)          Severability.
The provisions of this Agreement are severable, and in the event that any provision thereof is determined to be invalid or unenforceable,
such invalidity or unenforceability will not in any way affect the validity or enforceability of the remaining provisions.

 

(g)          Amendment
and Waiver. Except as expressly specified herein, no amendment, waiver or discharge of any provision of this Agreement will be
effective unless made in writing, signed by Bodybuilding. com and Vendor.

 

(h)          Entire
Agreement. This Agreement and Handbook constitutes the entire agreement between Vendor and Bodybuilding.com with respect to the
subject matter thereof and supersedes all prior agreements. This Agreement governs all transactions related to the subject matter
of this Agreement and will supersede, reject, and displace any terms and conditions on Vendor's invoices.

 

(i)          Counterparts;
PDF; Fax. This Agreement may be executed in counterparts, each of which will be deemed an original, but both of which together
will constitute one and the same instrument. In addition to any other lawful means of execution or delivery, this Agreement may
be executed by (a) exchanging portab1e document format (PDF) images by email; or (b) facsimile signatures.

 

By signing below Vendor
is affirming that it is providing the Products to Bodybuilding .com and is making a continuing guaranty and undertaking, within
the meaning of section 303(c) (2) of the FD&C Act and 21 C.F.R. § 7.12-7.13 that: (1) for a violation of Section 30l (a)
of the FD&C Act that the Products are not adulterated or misbranded within the meaning of the FD&C Act; and (2) For a violation
of Section 30l (d) of the FD&C Act that the Products are not such articles that may not be introduced into interstate commerce
under Sections 404 or 505 of the FD&C Act.

 

	Bodybuilding.com, LLC	 	Vendor
		 	
	Signature	 	Signature
	 	 	 
	/s/Erica W. Stump	 	/s/Brad Pyatt
	 	 	 
	Printed Name: 	Erica W. Stump	 	Printed Name: 	Brad Pyatt
	Title: 	General Counsel	 	Title:	CEO
	Date Signed: 	12-9-10	 	Date Signed:	12/6/10
	 	 	 
	 	 	Signatory Address (must reside in the U.S.):
	 	 	 
	 	 	4721 Iranton St
	 	 	Building A
	 	 	Denver, CO 80239

 

	Vendor Agreement
	Page 9 of 9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00228-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00228-of-00352.parquet"}]]