Document:

DIRECTOR AGREEMENT

 

This DIRECTOR AGREEMENT
(this “Agreement”), dated as of March 29, 2011, by and between Casa Montalvo Holdings, Inc., a California corporation
(“Company”), and _______________ (“Director”).

 

WITNESSETH:

 

WHEREAS, Company
believes that it is in its own best interests and in the best interests of its stockholders that a majority of the Company’s
board of directors (the “Board”) be individuals who are independent of the Company; and

 

WHEREAS, Company
desires to retain the services of Director in the capacity of Director, and Director desires to provide such services in such capacity,
upon the terms and subject to the conditions hereinafter set forth; and

 

WHEREAS, the Board has approved the
terms of this Agreement.

 

NOW, THEREFORE,
in consideration of the foregoing and of the mutual covenants and obligations hereinafter set forth, the parties hereto, intending
to be legally bound, hereby agree as follows:

 

1. Election as Director;
Appointment. Company agrees to appoint Director as a member of the Board as of the date hereof, and agrees to use its best
efforts and powers to sustain and continue Director’s election as a member of the Board for successive one year terms at
each annual meeting of stockholders of Company and each special meeting of stockholders of Company convened for such purpose, until
the date of the next annual stockholders meeting, unless this Agreement is terminated sooner pursuant to Section 4 hereof (the
“Term”).

 

2. Duties and Extent of Services.

 

(a) During the Term,
Director shall provide those services required of a director under Company’s articles of incorporation and bylaws, as both
may be amended from time to time, and under the Delaware Revised Statutes, the federal securities laws and other state and federal
laws and regulations, as applicable, and shall render such services as are customarily associated with and are incident to the
position of Director and such other services as Company may, from time to time, reasonably require of him consistent with such
position. Such duties and responsibilities shall include, but shall not be limited to attending all Board meetings and meetings
of stockholders of the Company.

 

(b) Director shall faithfully,
competently and diligently perform to the best of his ability all of his duties. Without limiting the preceding sentence, Company
acknowledges that Director has other business commitments, including commitments to serve on the board of directors of other companies.

 

(c) The parties acknowledge
that the position does not involve Director acting as an executive officer of the Company.

 

3. Compensation.

 

(a) Initial Compensation:
As compensation for Director entering into this Agreement and performing his services hereunder, the Company will agree to pay
Director a quarterly fee that is equal to the highest fee that the Company pays to any director

 

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(b) Expenses. Company
agrees to reimburse Director for all reasonable and necessary travel and other out-of-pocket business expenses incurred or expended
by him in connection with the performance of his duties hereunder upon presentation of proper expense statements or vouchers or
such other supporting information as Company may reasonably require of Director.

 

4. Termination.
The Company shall have the right to remove Director from, or not reelect Director to, the Board. Director shall have the right,
exercisable at any time during the Term, upon thirty (30) days written notice to Company, to resign as a member of the Board. In
the event that, during the term hereof, Director is removed as a director without “Cause” (as that terms is defined
herein) he shall be entitled to payment of all fees and grant of all options for that year, even though he is no longer a director.
“Cause” means Director’s gross misconduct (as defined below) or willful (as defined below) and
material breach of this Agreement. For purposes of this definition, “gross misconduct” shall mean (A) a felony conviction
in a court of law under applicable federal or state laws which results in material damage to the Company or its subsidiaries or
materially impairs the value of the Director’s services to the Company, or (B) willfully engaging in one or more material
acts of misconduct, or willfully omitting to perform material duties hereunder, which act or omission demonstrably and materially
damages the Company. For purposes of this Agreement, a “willful” act or omission by Director means an act or omission
that is done or omitted to be done by him not in good faith, and does not include any act or failure to act resulting from any
incapacity of Director.

 

5. Confidentiality.
The Company may provide Director certain information and data which is material non-public information and which the Company wishes
to keep confidential, including, but not limited to, information regarding the Company’s governance, board of directors,
management, plans, strategies, business, finances or operations, including information relating to financial statements and other
financial information, evaluations, projections, plans, programs, customers, plants, equipment and other assets, products, processes,
manufacturing, marketing, research and development, know-how and technology, intellectual property and trade secrets and information
which Company has obtained from third parties and with respect to which the Company is obligated to maintain confidentiality (collectively,
“Confidential Information”). Confidential Information may include information or materials in oral, written, pictorial,
magnetic or graphic form or maintained or transferred in any other media. Director will not (a) disclose any Confidential Information
to third parties or use any Confidential Information in each instance without securing the prior written consent of the Company
or (b) engage in any purchases, sales or other transactions involving the Company’s securities while in possession of material
non-public information relating to the Company. Confidential Information does not include information which (a) is or becomes known
publicly known through no fault or action on the part of Director; (b) Director can show by documentary evidence that it (i) has
learned from a third party who it believes in good faith is entitled to disclose it; (ii) already known to Director before disclosure
by the Company; or (iii) independently developed by Director without access to any Confidential Information.

 

6. Independent Contractor.
Director is an independent contractor and will not be deemed an employee of Company for purposes of employee benefits, income tax
withholding, FICA taxes, unemployment benefits or otherwise.

 

7. Entire Agreement.
This Agreement is intended by the parties as a final expression of their agreement with respect to the subject matter hereof and
is intended as a complete and exclusive statement of the terms and conditions thereof and supersedes and replaces all prior negotiations
and agreements between the parties hereto, whether written or oral, with respect to the subject matter hereof.

 

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8. Governing Law.

 

(a) This Agreement shall
be governed by and construed under the laws of the State of Delaware, applicable to contracts to be wholly performed in such State,
without regard to the conflict of laws principles thereof.

 

(b) Any action to enforce
any of the provisions of this Agreement shall be brought in a court of the State of New York located in the Borough of Manhattan
of the City of New York or in a Federal court located within the Southern District of New York. The parties consent to the jurisdiction
of such courts and to the service of process in any manner provided by New York law. Each party irrevocably waives any objection
which it may now or hereafter have to the laying of the venue of any such suit, action or proceeding brought in such court and
any claim that such suit, action or proceeding brought in such court has been brought in an inconvenient forum and agrees that
service of process in accordance with the foregoing sentences shall be deemed in every respect effective and valid personal service
of process upon such party.

 

9. Amendment.
This Agreement may be amended, modified or superseded, and any of the terms hereof may be waived, only by a written instrument
executed by the parties hereto.

 

10. Assignment.
The obligations of Director may not be delegated and Director may not, without Company’s written consent thereto, assign,
transfer, convoy, pledge, encumber, hypothecate or otherwise dispose of this Agreement or any interest herein. Any such attempted
delegation or disposition shall be null and void and without effect. Company and Director agree that this Agreement and all of
Company’s rights and obligations hereunder may be assigned or transferred by Company to and shall be assumed by and be binding
upon any successor to Company. The term “successor” means, with respect to Company or any of its subsidiaries, any
corporation or other business entity which, by merger, consolidation, purchase of the assets or otherwise acquires all or a material
part of the assets of Company.

 

11. Severability.
If any provision of this Agreement or any part thereof is held to be invalid or unenforceable, the same shall in no way affect
any other provision of this Agreement or remaining part thereof; which shall be given full effect without regard to the invalid
or unenforceable part thereof.

 

12. Notices.
All notices, requests, demands and other communications required or permitted to be given or made under this Agreement, shall be
given or made in writing by registered or certified mail, return receipt requested, or by overnight carrier service or by facsimile
transmission and will be deemed to have been given or made on the date following receipt or attempted delivery at the following
locations:

 

To the Director :

 

To the Company:

 

Casa Montalvo Holdings, Inc.

Attention: Alex Viecco

 

With a copy (not constituting notice) in the case
of communications to Company to:

 

Tarter Krinsky & Drogin LLP

1350 Broadway

New York, New York 10018

Attn: Peter Campitiello, Esq.

Facsimile No.: (212) 218-8001

 

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Either party may change the address to
which notices shall be sent by sending written notice of such change of address to the other party. Any such notice shall be deemed
given, if delivered personally, upon receipt; if telecopied, when telecopied; if sent by courier service providing for next-day
delivery, the next business day following deposit with such courier service; and if sent by certified or registered mail, three
days after deposit (postage prepaid) with the U.S. mail service.

 

13. Representations and Warranties; Indemnification.

 

(a) Director hereby represents
and warrants to Company that his execution, delivery and performance of this Agreement and any other agreement to be delivered
pursuant to this Agreement will not violate, conflict with or result in the breach of any of the terms of, or constitute (or with
notice or lapse of time or both, constitute) a default under, any agreement, arrangement or understanding with respect to Director’s
employment or providing services to which Director is a party or by which Director is bound or subject.

 

(b) Company hereby represents
and warrants to Director that (i) it is a corporation duly organized, validly existing, and in good standing under the laws of
the State of Delaware, and has all requisite corporate power and authority to execute, deliver and perform this Agreement in accordance
with the terms hereof, (ii) all necessary actions to authorize the Company’s execution, delivery and performance of this
Agreement have been taken, (iii) this Agreement has been duly executed and delivered by the Company and constitutes its legal,
valid, and binding obligation enforceable against it in accordance with the terms hereof, and (iv) its execution, delivery and
performance of this Agreement and any other agreement to be delivered pursuant to this Agreement will not violate, conflict with
or result in the breach of any of the terms of, or constitute (or with notice or lapse of time or both, constitute) a default under,
any agreement, arrangement or understanding with respect to Director’s employment or which otherwise related to Director’s
relationship with the Company.

 

(c) Company hereby agrees
to indemnify and hold harmless Director, his affiliates (and such affiliates’ directors, officers, employees, agents and
representatives) and permitted assigns, to the fullest extent permitted under Delaware law, from and against any and all losses,
damages, liabilities, obligations, costs or expenses which are caused by or arise out of (i) any breach or default in the performance
by the Company of any covenant or agreement of the Company contained in this Agreement, and (ii) any breach of warranty or inaccurate
or erroneous representation made by the Company herein, and (iii) any and all actions, suits, proceedings, claims, demands, judgments,
costs and expenses (including reasonable legal fees) incident to any of the foregoing. The Company shall advance any expenses reasonably
incurred by Director in defending an indemnifiable action hereunder, with such expenses to be reimbursed by Director only in the
event that a court of competent jurisdiction enters a binding judgment, order or decree that Director acted in bad faith or in
a manner he reasonably believed not to be in the best interests of the Company.

 

14. Paragraph Headings.
The paragraph headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning
or interpretation of this Agreement.

 

15. Counterparts.
This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original, but all of which taken
together shall constitute one and the same instrument.

 

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IN WITNESS WHEREOF,
the parties have duly executed this Agreement as of the date first written above.

 

	Company	 	Director
	 	 	 	 	 
	By:	  	 	By:	  
	 	 	 	 	 
	Name:	 	 	Name:	 
	 	 	 	 	 
	Title:	 	 	 	 
	 	 	 	 	 
	By:	  	 	 	 
	 	 	 	 	 
	Name:	 	 	 	 
	 	 	 	 	 
	Title: 	 	 	 	 

 

    	5EXHIBIT 10.24

FORM OF ESCROW AGREEMENT

 

This ESCROW AGREEMENT
(this “Agreement”) dated as of December 20, 2012, among MusclePharm Corporation, a Nevada corporation (the “Issuer”),
and Aegis Capital Corp. (the “Placement Agent”), whose addresses and other information appear on the Information
Sheet (as defined herein) attached to this Agreement, and Continental Stock Transfer & Trust Company, 17 Battery Place, 8th
Floor, New York, NY 10004 (the “Escrow Agent”).

 

WITNESSETH:

 

WHEREAS, the Issuer
is offering to qualified investors on a “best efforts” basis (the “Offering”), up to ____ shares
of the Issuer’s Series D Convertible Preferred Stock (the “Securities”) for aggregate consideration of
$__ (the “Maximum Offering Amount”), pursuant to closings as may be agreed upon from time to time by
the Issuer and the Placement Agent.

 

WHEREAS, the Issuer
and the Placement Agent propose to establish an escrow account (the “Escrow Account”), to which subscription
monies which are received by the Escrow Agent from the subscribers of the Securities (the “Investors”) or the
Placement Agent in connection with the Offering are to be credited, and the Escrow Agent is willing to establish the Escrow Account
on the terms and subject to the conditions hereinafter set forth; and

 

WHEREAS, the Escrow
Agent has agreed to establish a special bank account at J.P. Morgan Chase Bank (the “Bank”) into which the subscription
monies, which are received by the Escrow Agent from the Investors or the Placement Agent and credited to the Escrow Account, are
to be deposited.

 

NOW, THEREFORE, in
consideration of the premises and mutual covenants herein contained, the parties hereto hereby agree as follows:

 

1.           Information
Sheet. Each capitalized term not otherwise defined in this Agreement shall have the meaning set forth for such term on the
information sheet which is attached to this Agreement as Exhibit A and is incorporated by reference herein and made a part
hereof (the “Information Sheet”).

 

		2.	Establishment of the Bank Account.

 

2.1           The
Escrow Agent shall establish a non-interest-bearing bank account at the branch of Bank selected by the Escrow Agent, and bearing
the designation set forth on the Information Sheet (heretofore defined as the “Bank Account”). The purpose of
the Bank Account is for (a) the deposit of all subscription monies (checks or wire transfers) from prospective purchasers of the
Securities which are delivered to the Escrow Agent, (b) the holding of amounts of subscription monies which are collected through
the banking system and (c) the disbursement of collected funds, all as described herein.

 

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2.2          On
or before the date of the initial deposit in the Bank Account pursuant to this Agreement, the Placement Agent shall notify the
Escrow Agent in writing of the date of the commencement of the Offering (the “Effective Date”), and the Escrow
Agent shall not be required to accept any amounts for credit to the Escrow Account or for deposit in the Bank Account prior to
its receipt of such notification.

 

2.3          The
“Offering Period,” which shall be deemed to commence on the Effective Date, shall consist of the number of calendar
days or business days set forth on the Information Sheet. The Offering Period shall be extended at the Placement Agent’s
discretion (an “Extension Period”) only if the Escrow Agent shall have received written notice thereof prior
to the expiration of the Offering Period. The Extension Period, which shall be deemed to commence on the next calendar day following
the expiration of the Offering Period, shall consist of the number of calendar days or business days set forth on the Information
Sheet. The last day of the Offering Period, or the last day of the Extension Period (if the Escrow Agent has received written notice
thereof as herein above provided), is referred to herein as the “Termination Date”. Except as provided in Section
4.3 hereof, after the Termination Date, the Placement Agent shall not deposit, and the Escrow Agent shall not accept, any additional
amounts representing payments by Investors.

 

		3.	Deposits to the Bank Account.

 

3.1          The
Placement Agent shall promptly deliver to the Escrow Agent all monies which it receives from Investors of the Securities, which
monies shall be in the form of checks or wire transfers; provided, however that "Cashiers" checks and "Money Orders"
must be in amounts greater than $10,000; Cashiers checks or Money Orders in amounts less than $10,000 shall be rejected by the
Escrow Agent. Upon the Escrow Agent’s receipt of such monies, they shall be credited to the Escrow Account. All checks delivered
to the Escrow Agent shall be made payable to “CST&T AAF MusclePharm Escrow Account.” Any check payable other than
to the Escrow Agent as required hereby shall be returned to the prospective purchaser, or if the Escrow Agent has insufficient
information to do so, then to the Placement Agent (together with any Subscription Information, as defined below or other documents
delivered therewith) by noon of the next business day following receipt of such check by the Escrow Agent, and such check shall
be deemed not to have been delivered to the Escrow Agent pursuant to the terms of this Agreement.

 

3.2          Promptly
after receiving subscription monies as described in Section 3.1, the Escrow Agent shall deposit the same into the Bank Account.
Amounts of monies so deposited are hereinafter referred to as “Escrow Amounts”. The Escrow Agent shall cause
the Bank to process all Escrow Amounts for collection through the banking system. Simultaneously with each deposit to the Escrow
Account, the Placement Agent (or the Issuer, if such deposit is made by the Issuer) shall inform the Escrow Agent in writing of
the name, address, and the tax identification number of the Investor, the amount of Securities subscribed for by such purchase,
and the aggregate dollar amount of such subscription (collectively, the “Subscription Information”).

 

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3.3          The
Escrow Agent shall not be required to accept for credit to the Escrow Account or for deposit into the Bank Account checks which
are not accompanied by the appropriate Subscription Information, which at minimum shall include the name address, tax identification
number and the number of shares of securities. Wire transfers representing payments by Investors shall not be deemed deposited
in the Escrow Account until the Escrow Agent has received in writing the Subscription Information required with respect to such
payments.

 

3.4          The
Escrow Agent shall not be required to accept in the Escrow Account any amounts representing payments by Investors, whether by check
or wire, except during the Escrow Agent’s regular business hours.

 

3.5          Only
those Escrow Amounts, which have been deposited in the Bank Account and which have cleared the banking system and have been collected
by the Escrow Agent, are herein referred to as the “Fund.”

 

3.6          If
the Offering is terminated before the Termination Date, the Escrow Agent shall refund any portion of the Fund prior to disbursement
of the Fund in accordance with Article 4 hereof upon instructions in writing signed by both the Issuer and the Placement Agent.

 

3.7          If
prior to the disbursement of the Fund in accordance with Section 4.2 below, the Escrow Agent has received notice from the Issuer
that the subscription of a purchaser has been rejected since such purchaser does not qualify as an investor in the Offering, the
Escrow Agent shall promptly refund to such purchaser the amount of payment received from such purchaser which is then held in the
Fund or which thereafter clears the banking system, without interest thereon or deduction therefrom, by drawing a check on the
Bank Account for the amount of such payment and transmitting it to the Investor.

 

		4.	Disbursement from the Bank Account.

 

4.1          If
by the close of regular banking hours on the Termination Date the Escrow Agent determines that the amount in the account is less
than the amount indicated by the Subscription Information submitted to the Escrow Agent, then in either such case, the Escrow Agent
shall promptly refund to each Investor the amount of payment received from such purchaser which is then held in the Fund or which
thereafter clears the banking system, without interest thereon or deduction there from, by drawing checks on the Bank Account for
the amounts of such payments and transmitting them to the purchasers. In such event, the Escrow Agent shall promptly notify the
Issuer and the Placement Agent of its distribution of the Fund.

 

4.2          If
at any time up to the close of regular banking hours on the Termination Date, the Escrow Agent has received joint written instructions
from the Issuer and the Placement Agent that all conditions for release of funds have been met for closing of the Offering, the
Escrow Agent shall promptly disburse the Fund in accordance with instructions.

 

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4.3          Upon
disbursement of the Fund pursuant to the terms of this Article 4, the Escrow Agent shall be relieved of further obligations and
released from all liability under this Agreement. It is expressly agreed and understood that in no event shall the aggregate amount
of payments made by the Escrow Agent exceed the amount of the Fund.

 

5.          Rights,
Duties and Responsibilities of Escrow Agent. It is understood and agreed that the duties of the Escrow Agent are purely ministerial
in nature, and that:

 

5.1          The
Escrow Agent shall notify the Placement Agent, on a daily basis, of the Escrow Amounts which have been deposited in the Bank Account
and of the amounts, constituting the Fund, which have cleared the banking system and have been collected by the Escrow Agent.

 

5.2          The
Escrow Agent shall not be responsible for or be required to enforce any of the terms or conditions of the selling agreement or
any other agreement between the Placement Agent and the Issuer nor shall the Escrow Agent be responsible for the performance by
the Placement Agent or the Issuer of their respective obligations under this Agreement.

 

5.3          The
Escrow Agent shall not be required to accept from the Placement Agent (or the Issuer) any Subscription Information pertaining to
prospective purchasers unless such Subscription Information is accompanied by checks or wire transfers meeting the requirements
of Section 3.1, nor shall the Escrow Agent be required to keep records of any information with respect to payments deposited by
the Placement Agent (or the Issuer) except as to the amount of such payments; however, the Escrow Agent shall notify the Placement
Agent within a reasonable time of any discrepancy between the amount set forth in any Subscription Information and the amount delivered
to the Escrow Agent therewith. Such amount need not be accepted for deposit in the Escrow Account until such discrepancy has been
resolved.

 

5.4          The
Escrow Agent shall be under no duty or responsibility to enforce collection of any check delivered to it hereunder. The Escrow
Agent, within a reasonable time, shall return to the Placement Agent any check received which is dishonored, together with the
Subscription Information, if any, which accompanied such check.

 

5.5          The
Escrow Agent shall be entitled to rely upon the accuracy, act in reliance upon the contents, and assume the genuineness of any
notice, instruction, certificate, signature, instrument or other document which is given to the Escrow Agent pursuant to this Agreement
without the necessity of the Escrow Agent verifying the truth or accuracy thereof. The Escrow Agent shall not be obligated to make
any inquiry as to the authority, capacity, existence or identity of any person purporting to give any such notice or instructions
or to execute any such certificate, instrument or other document.

 

5.6          If
the Escrow Agent is uncertain as to its duties or rights hereunder or shall receive instructions with respect to the Bank Account,
the Escrow Amounts or the Fund which, in its sole determination, are in conflict either with other instructions received by it
or with any provision of this Agreement, it shall be entitled to hold the Escrow Amounts, the Fund, or a portion thereof, in the
Bank Account pending the resolution of such uncertainty to the Escrow Agent’s sole satisfaction, by final judgment of a court
or courts of competent jurisdiction or otherwise.

 

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5.7          The
Escrow Agent shall not be liable for any action taken or omitted hereunder, or for the misconduct of any employee, agent or attorney
appointed by it, except in the case of willful misconduct or gross negligence. The Escrow Agent shall be entitled to consult with
counsel of its own choosing and shall not be liable for any action taken, suffered or omitted by it in accordance with the advice
of such counsel.

 

5.8          The
Escrow Agent shall have no responsibility at any time to ascertain whether or not any security interest exists in the Escrow Amounts,
the Fund or any part thereof or to file any financing statement under the Uniform Commercial Code with respect to the Fund or any
part thereof.

 

6.          Amendment;
Resignation or Removal of Escrow Agent. This Agreement may be altered or amended only with the written consent of the Issuer,
the Placement Agent and the Escrow Agent. The Escrow Agent may resign and be discharged from its duties hereunder at any time by
giving written notice of such resignation to the Issuer and the Placement Agent specifying a date when such resignation shall take
effect and upon delivery of the Fund to the successor escrow agent designated by the Issuer or the Placement Agent in writing.
Such successor Escrow Agent shall become the Escrow Agent hereunder upon the resignation date specified in such notice. If the
Company fails to designate a successor Escrow Agent within thirty (30) days after such notice, then the resigning Escrow Agent
shall promptly refund the amount in the Fund to each prospective purchaser, without interest thereon or deduction. The Escrow Agent
shall continue to serve until its successor accepts the escrow and receives the Fund. The Company shall have the right at any time
to remove the Escrow Agent and substitute a new escrow agent by giving notice thereof to the Escrow Agent then acting. Upon its
resignation and delivery of the Fund as set forth in this Section 6, the Escrow Agent shall be discharged of and from any and all
further obligations arising in connection with the escrow contemplated by this Agreement. Without limiting the provisions of Section
8 hereof, the resigning Escrow Agent shall be entitled to be reimbursed by the Issuer and the Placement Agent for any expenses
incurred in connection with its resignation, transfer of the Fund to a successor escrow agent or distribution of the Fund pursuant
to this Section 6.

 

7.          Representations
and Warranties. The Issuer and the Placement Agent hereby severally represent and warrant to the Escrow Agent that:

 

7.1          No
party other than the parties hereto and the prospective purchasers have, or shall have, any lien, claim or security interest in
the Escrow Amounts or the Fund or any part thereof.

 

7.2          No
financing statement under the Uniform Commercial Code is on file in any jurisdiction claiming a security interest in or describing
(whether specifically or generally) the Escrow Amounts or the Fund or any part thereof.

 

7.3          The
Subscription Information submitted with each deposit shall, at the time of submission and at the time of the disbursement of the
Fund, be deemed a representation and warranty that such deposit represents a bona fide payment by the purchaser described therein
for the amount of Securities set forth in such Subscription Information.

 

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7.4          All
of the information contained in the Information Sheet is, as of the date hereof, and will be, at the time of any disbursement of
the Fund, true and correct.

 

7.5          Reasonable
controls have been established and required due diligence performed to comply with "Know Your Customer" regulations,
USA Patriot Act, Office of Foreign Asset Control (OFAC) regulations and the Bank Secrecy Act.

 

8.          Fees
and Expenses. The Escrow Agent shall be entitled to the Escrow Agent Fees set forth on the Information Sheet, payable as and
when stated therein. In addition, the Issuer and the Placement Agent jointly and severally agree to reimburse the Escrow Agent
for any reasonable expenses incurred in connection with this Agreement, including, but not limited to, reasonable counsel fees.

 

		9.	Indemnification and Contribution.

 

9.1          The
Issuer and the Placement Agent (collectively referred to as the “Indemnitors”) jointly and severally agree to
indemnify the Escrow Agent and its officers, directors, employees, agents and shareholders (collectively referred to as the “Indemnitees”)
against, and hold them harmless of and from, any and all loss, liability, cost, damage and expense, including without limitation,
reasonable counsel fees, which the Indemnitees may suffer or incur by reason of any action, claim or proceeding brought against
the Indemnitees arising out of or relating in any way to this Agreement or any transaction to which this Agreement relates, unless
such action, claim or proceeding is the result of the willful misconduct or gross negligence of the Indemnitees.

 

9.2          If
the indemnification provided for in Section 9.1 is applicable, but for any reason is held to be unavailable, the Indemnitors shall
contribute such amounts as are just and equitable to pay, or to reimburse the Indemnitees for, the aggregate of any and all losses,
liabilities, costs, damages and expenses, including counsel fees, actually incurred by the Indemnitees as a result of or in connection
with, and any amount paid in settlement of, any action, claim or proceeding arising out of or relating in any way to any actions
or omissions of the Indemnitors.

 

9.3          The
provisions of this Article 9 shall survive any termination of this Agreement, whether by disbursement of the Fund, resignation
of the Escrow Agent or otherwise.

 

10.          Termination
of Agreement. This Agreement shall terminate on the final disposition of the Fund pursuant to Section 4, provided that the
rights of the Escrow Agent and the obligations of the other parties hereto under Section 9 shall survive the termination hereof
and the resignation or removal of the Escrow Agent.

 

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11.          Governing
Law and Assignment. This Agreement shall be construed in accordance with and governed by the laws of the State of New York,
without regard to the conflicts of laws principles thereof, and shall be binding, upon the parties hereto and their respective
successors and assigns; provided, however, that any assignment or transfer by any party of its rights under this
Agreement or with respect to the Escrow Amounts or the Fund shall be void as against the Escrow Agent unless (a) written notice
thereof shall be given to the Escrow Agent; and (b) the Escrow Agent shall have consented in writing to such assignment or transfer.

 

12.          Notices.
All notices required to be given in connection with this Agreement shall be sent by registered or certified mail, return receipt
requested, or by hand delivery with receipt acknowledged, or by the Express Mail service offered by the United States Postal Service,
and addressed, if to the Issuer or the Placement Agent, at their respective addresses set forth on the Information Sheet, and if
to the Escrow Agent, at its address set forth above, to the attention of the Trust Department.

 

13.          Severability.
If any provision of this Agreement or the application thereof to any person or circumstance shall be determined to be invalid or
unenforceable, the remaining provisions of this Agreement or the application of such provision to persons or circumstances other
than those to which it is held invalid or unenforceable shall not be affected thereby and shall be valid and enforceable to the
fullest extent permitted by law.

 

14.          Execution
in Several Counterparts. This Agreement may be executed in several counterparts or by separate instruments and by facsimile
transmission and all of such counterparts and instruments shall constitute one agreement, binding on all of the parties hereto.

 

15.          Entire
Agreement. This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof
and supersedes all prior agreements and understandings (written or oral) of the parties in connection therewith.

 

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

 

	 	CONTINENTAL STOCK TRANSFER
	 	& TRUST COMPANY
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 
	 	AEGIS CAPITAL CORP.
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 
	 	MUSCLEPHARM CORPORATION
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:  Chief Executive Officer and President

 

    	8

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