Document:

Exhibit
10.1

 

AGREEMENT
AND GENERAL RELEASE

 

Ritter
Pharmaceuticals, Inc. (the “Company”) and Michael D. Step (the “Employee”), agree that:

 

	1.	Last
                                         Day of Employment. Employee’s last day of employment with the Company will
                                         be June 26, 2018.
	 	 
	2.	Consideration.
                                         In consideration for signing this Agreement and General Release (this “Agreement”),
                                         and complying with its terms, the Company agrees to:

 

	 	(a)	Pay
    to Employee, in accordance with the following sentence, Three Hundred Thousand Dollars ($300,000.00), less lawful deductions,
    conditional upon the Company’s receipt of an original of this Agreement signed by Employee and the Company’s receipt
    of a letter from Employee in the form attached hereto as Exhibit “A.” This sum will be paid to Employee within
    sixty (60) days of the date hereof, subject to the Company’s receipt of the documentation required under the prior sentence.
	 	 	 
	 	(b)	Pay to the Employee
                                         Eight Thousand Seven Hundred Thirty and 54/100 Dollars ($8,730.54) (subject to adjustment
                                         to reflect any increase or decrease in the amount of the premium for such coverage) for
                                         premium payments for COBRA continuation coverage for a period of twelve (12) months within
                                         sixty (60) days of the date hereof, provided that Employee properly elects COBRA
                                         continuation coverage under Company’s medical insurance plan.

	 	 	 
	 	(c)	Enter
    into a one-year Consulting Agreement with Employee in substantially the form attached hereto as Exhibit “B” (the
    “Consulting Agreement”).

 

	3.	No
                                         Consideration Absent Execution of this Agreement and General Release. Employee
                                         understands and agrees that Employee would not receive the monies and/or benefits specified
                                         in Section 2 above, except for Employee’s execution of this Agreement and General
                                         Release and the fulfillment of the promises contained herein.
	 	 
	4.	Receipt
                                         of All Wages Due; Termination of Executive Severance & Change In Control Agreement.
                                         Employee and the Company acknowledge and agree that the Company has paid all
                                         wages and compensation due and owing to Employee as of the date hereof, including, without
                                         limitation, any and all of Employee’s accrued but unused vacation, all bonus, profit
                                         participation, commissions, or other variable compensation, and all reimbursable expenses,
                                         and any and all fees, penalties, accrued interest or other charges of any nature associated
                                         with the foregoing. Employee and the Company acknowledge and agree that upon the Effective
                                         Date (as defined below) that certain Executive Severance & Change In Control Agreement,
                                         dated as of December 1, 2014, by and between Employee and the Company shall terminate
                                         and be of no further force or effect.

	 	 
	5.	Taxes.
                                         The Company will withhold required federal, state, and local taxes from any and all payments
                                         contemplated by this Agreement. Other than the Company’s obligation and right to
                                         withhold, Employee will be responsible for any and all taxes, interest, and penalties
                                         that may be imposed with respect to the payments contemplated by this Agreement (including,
                                         but not limited to, those imposed under Internal Revenue Code Section 409A).

 

    	-1-

    	 

    

 

	6.	Vesting
                                         of Stock Options. Employee and the Company acknowledge and agree that all
                                         options to purchase shares of the Common Stock of the Company held by Employee shall
                                         continue to vest in accordance with their terms for so long as Employee continues to
                                         serve as a consultant to, Director of and/or service provider to the Company.
	 	 
	7.	Nondisclosure
                                         of Confidential Information. Employee shall continue to maintain the confidentiality
                                         of all confidential and proprietary information of the Company, and shall not use such
                                         confidential and proprietary information for any purpose other than as approved or directed
                                         by the Company.
	 	 
	8.	Release
                                         of Claims. Employee agrees that the Additional Consideration provided for in
                                         this Agreement represents settlement in full of all outstanding obligations owed to Employee
                                         by the Company, its officers, managers, supervisors, members, agents and employees. Employee,
                                         on Employee’s own behalf, and on behalf of Employee’s heirs, representatives,
                                         executors, administrators, attorneys, family members, executors, agents, successors in
                                         interest, and assigns, hereby fully, knowingly and forever releases the Company and their
                                         past, present and future owners, parents, subsidiaries, divisions, affiliates, future
                                         affiliates, related entities, joint ventures, partners and members, as well as each of
                                         their respective past, present and future directors, officers, investors, shareholders,
                                         administrators, agents, associates, representatives, employees, attorneys, predecessors,
                                         successors and assigns, and any and all of them (the “Releasees”) from any
                                         and all liability, actions, causes of action, claims, charges, complaints, demands, grievances,
                                         promises, obligations, losses, damages, injuries and legal responsibilities, of any type
                                         whatsoever, whether known or unknown, unforeseen, unanticipated, unsuspected or latent,
                                         that are based upon, relate to or arise out of any matters of any kind (collectively,
                                         “Claims”), that Employee may possess arising from any omissions, acts or
                                         facts that have occurred up until and including the Effective Date of this Agreement
                                         including, without limitation:

 

	 	(a)	any
    and all claims relating to or arising from Employee’s employment relationship with the Company and the termination of
    that relationship, including, without limitation, any employment agreements and the termination of those employment agreements;
    and
	 	 	 
	 	(b)	any
    and all claims under the law of any jurisdiction including, but not limited to, wrongful discharge of employment, retaliation,
    constructive discharge from employment, termination in violation of public policy, discrimination, harassment, breach of contract
    (both express and implied), breach of a covenant of good faith and fair dealing (both express and implied), whistleblowing
    claims, promissory estoppel, negligent or intentional infliction of emotional distress, negligent or intentional misrepresentation,
    negligent or intentional interference with contract or prospective economic advantage, fraud, breach of fiduciary duty, breach
    of the duty of loyalty, unfair business practices, defamation, libel, slander, negligence, personal injury, assault, battery,
    invasion of privacy, false imprisonment, and conversion; and

 

    	-2-

    	 

    

 

	 	(c)	any
    and all claims for violation of any federal, state or municipal statute, laws, or ordinances, including, but not limited to,
    Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, the Age Discrimination in Employment Act of 1967,
    the Americans with Disabilities Act of 1990, the Fair Labor Standards Act, the Employee Retirement Income Security Act of
    1974, the Worker Adjustment and Retraining Notification Act, the Older Workers Benefit Protection Act, the Family and Medical
    Leave Act, the California Family Rights Act, the California Fair Employment and Housing Act, and the California Labor Code,
    Section 1981 of the Civil Rights Act of 1866, the Equal Pay Act of 1963, the Consolidated Omnibus Budget Reconciliation Act
    of 1985 (COBRA), Employee Order 11141, the Employee Retirement Income Security Act of 1974, the California Civil Code, the
    California Business & Professions Code, the Code of Federal Regulations, the California Code of Regulations, and any applicable
    California Industrial Welfare Commission Order; and
	 	 	 
	 	(d)	any
    and all claims for violation of the federal, or any state, constitution; and
	 	 	 
	 	(e)	any
    and all claims arising out of any other laws and regulations relating to compensation, wages and hours of work, leaves, employment
    or employment discrimination, harassment or retaliation; and
	 	 	 
	 	(f)	any
    claim for any loss, cost, damage, or expense arising out of any dispute over the non-withholding or other tax treatment of
    any of the proceeds received by Employee as a result of this Agreement; and
	 	 	 
	 	(g)	any
    claim as to any equity interest in the Company or its subsidiaries, or any option or right with respect thereto; and
	 	 	 
	 	(h)	any
    claim for profit participation, bonus payments, commissions, or other variable compensation; and
	 	 	 
	 	(i)	any
    claim relating to late payment of any amount due; and
	 	 	 
	 	(j)	any
    and all claims for attorneys’ fees and costs.

 

The
Company and Employee agree that the release set forth in this Section shall be and remain in effect in all respects as a complete
general release as to the matters released. This release does not extend to any obligations incurred under this Agreement.

 

This
release is not intended to operate as, nor shall be construed as, a release or waiver of any rights and/or claims that cannot
be released or waived as a matter of law. This release does not prohibit Employee from filing a charge with the Equal Employment
Opportunity Commission (the “EEOC”) or equivalent state agency in Employee’s state or participating in an EEOC
or state agency investigation. Employee agrees to waive his right to monetary or other recovery should any claim be pursued with
the EEOC, state agency, or any other federal, state or local administrative agency on Employee’s behalf arising out of or
related to Employee’s employment with and/or separation from the Company.

 

    	-3-

    	 

    

 

	9.	Acknowledgement
                                         of Waiver of Claims Under ADEA. Employee acknowledges that Employee is waiving
                                         and releasing any rights Employee may have under the Age Discrimination in Employment
                                         Act of 1967 (“ADEA”) and that this waiver and release is knowing and voluntary.
                                         Employee and the Company agree that this waiver and release does not apply to any rights
                                         or claims that may arise under ADEA after the Effective Date of this Agreement. Employee
                                         acknowledges that the consideration given for this waiver and release Agreement is in
                                         addition to anything of value to which Employee was already entitled. Employee further
                                         acknowledges that Employee has been advised by this writing that:

 

	 	(a)	he
    should consult with an attorney prior to executing this Agreement; and
	 	 	 
	 	(b)	he
    has up to twenty-one (21) days within which to consider this Agreement; and
	 	 	 
	 	(c)	to
    the extent that he takes less than twenty-one (21) days to consider this Agreement prior to execution, Employee acknowledges
    that he had sufficient time to consider this Agreement and that he expressly, voluntarily and knowingly waives any additional
    time; and
	 	 	 
	 	(d)	he
    has seven (7) days following his execution of this Agreement to revoke the Agreement; and
	 	 	 
	 	(e)	this
    Agreement shall not be effective until the revocation period has expired; and
	 	 	 
	 	(f)	nothing
    in this Agreement prevents or precludes him from challenging or seeking a determination in good faith of the validity of this
    waiver under the ADEA, nor does it impose any condition precedent, penalties or costs from doing so, unless specifically authorized
    by federal law.

 

Any
revocation of this Agreement under Section 9(d) must be in writing and sent within the stated time period to Andrew J. Ritter,
President & Chief Executive Officer, 1880 Century Park East #1000, Los Angeles, California 90067.

 

This
release is not intended to operate as, nor shall be construed as, a release or waiver of any rights and/or claims that cannot
be released or waived as a matter of law.

 

	10.	Civil
                                         Code Section 1542. Employee represents that Employee is not aware of any claim
                                         by Employee other than the claims that are released by this Agreement. Employee acknowledges
                                         that Employee has had the opportunity to be advised by legal counsel and is familiar
                                         with the provisions of California Civil Code Section 1542, which provides as follows:

 

A
GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME
OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.

 

    	-4-

    	 

    

 

Employee,
being aware of said code section, agrees to expressly waive any rights Employee may have thereunder, as well as under any other
statute or common law principles of similar effect.

 

	11.	No
                                         Pending or Future Lawsuits. Employee represents that he has no lawsuits, Claims,
                                         or actions pending in his name, or on behalf of any other person or entity, against the
                                         Company or any other person or entity referred to herein. Employee also represents that
                                         he will not bring any Claims on his own behalf or on behalf of any other person or entity
                                         against the Company, the Releasees, or any other person or entity referred to herein.
	 	 
	12.	Confidentiality.
                                         The Parties acknowledge that Employee’s agreement to keep the terms and conditions
                                         of this Agreement confidential, and to refrain from any defamation or disparagement of
                                         the Company, including its officers and directors, is a material factor on which all
                                         Parties relied in entering into this Agreement. Employee hereto agrees to use his best
                                         efforts to maintain in confidence the existence of this Agreement, the contents and terms
                                         of this Agreement, and the consideration for this Agreement.

 

Notwithstanding
the foregoing, the Parties acknowledge this Agreement does not limit Employee’s ability to communicate with any local, state,
or federal government agencies or otherwise participate in any investigation or proceeding that may be conducted by any government
agency, including providing documents or other information. The parties further acknowledge that this Agreement does not limit
Employee’s right to receive an award for information provided to any government agencies. Notwithstanding the foregoing,
Employee agrees to waive his right to recover monetary damages in any charge, complaint, or lawsuit filed by him or by anyone
else on his behalf.

 

	13.	No
                                         Cooperation. Employee agrees that he will not act in any manner that might damage
                                         the business of the Company. Employee agrees that he will not encourage, counsel, or
                                         assist any attorneys or their clients in the presentation or prosecution of any disputes,
                                         differences, grievances, claims, charges, or complaints by any third party against any
                                         of the Releasees, unless under a subpoena or other court order to do so. Employee shall
                                         inform the Company in writing within three (3) days of receiving any such subpoena or
                                         other court order.
	 	 
	14.	Non-Disparagement.
                                         Employee agrees that he will not at any time hereafter make any statements, either verbal
                                         or written to anyone, including without limitation, any electronic or print news media
                                         or other publications, or any community organizations, which would malign, defame or
                                         disparage the reputation, image, good will or commercial interest of the parties or any
                                         of the Releasees.

 

Notwithstanding
the foregoing, the Parties acknowledge this Agreement does not limit Employee’s ability to communicate with any local, state,
or federal government agencies or otherwise participate in any investigation or proceeding that may be conducted by any government
agency, including providing documents or other information. The parties further acknowledge that this Agreement does not limit
Employee’s right to receive an award for information provided to any government agencies. Notwithstanding the foregoing,
Employee agrees to waive his right to recover monetary damages in any charge, complaint, or lawsuit filed by him or by anyone
else on his behalf.

 

    	-5-

    	 

    

 

	15.	Breach.
                                         Employee acknowledges and agrees that any breach of any provision of this Agreement shall
                                         entitle the Company immediately to recover and/or cease the severance benefits provided
                                         to Employee under this Agreement and will further entitle the Company and/or its officers
                                         and/or its directors to recover any additional damages, including attorney’s fees
                                         and costs, allowed by law. Employee shall also be responsible to the Company and/or its
                                         officers and/or its directors for all costs, attorneys’ fees and any and all damages
                                         incurred by the Company (a) enforcing the obligation, including the bringing of any suit
                                         to recover the monetary consideration, and (b) defending against a claim or suit brought
                                         or pursued by Employee in violation of this Agreement.
	 	 
	16.	No
                                         Admission of Liability. The Parties understand and acknowledge that this Agreement
                                         constitutes a compromise and settlement of actual or potential disputed claims. No action
                                         taken by the Parties hereto, or either of them, either previously or in connection with
                                         this Agreement shall be deemed or construed to be:

 

	 	(a)	an
    admission of the truth or falsity of any claims made or any potential claims; or
	 	 	 
	 	(b)	an
    acknowledgment or admission by either party of any fault or liability whatsoever to the other party or to any third party.

 

	17.	Costs.
                                         The Parties shall each bear their own costs, expert fees, attorneys’ fees and other
                                         fees incurred in connection with this Agreement, except as provided herein.
	 	 
	18.	Arbitration.
                                         The Parties agree that any and all disputes arising out of the terms of this Agreement,
                                         their interpretation, and any of the matters herein released, shall be subject to binding
                                         arbitration in Los Angeles County before the Judicial Arbitration & Mediation Services,
                                         Inc. (JAMS) pursuant to its employment arbitration rules and procedures, in accordance
                                         with the Federal Arbitration Act. The Parties agree that the prevailing party in any
                                         arbitration shall be entitled to injunctive relief in any court of competent jurisdiction
                                         to enforce the arbitration award. The Parties agree that the prevailing party in any
                                         arbitration shall be awarded its reasonable attorneys’ fees and costs. The Parties
                                         hereby agree to waive their right to have any dispute between them resolved in a court
                                         of law by a judge or jury. This Section will not prevent either party from seeking injunctive
                                         relief (or any other provisional remedy) from any court having jurisdiction over the
                                         Parties and the subject matter of their dispute relating to the obligations of either
                                         of the Parties under this Agreement and surviving provisions of the Non-Disclosure Agreement
                                         or Offer Letter.
	 	 
	19.	No
                                         Reemployment. Employee hereby waives any and all rights to employment or re-employment
                                         with the Company or any successor or affiliated organization (“Related Entity”).
                                         Employee agrees that the Company and the Related Entities have no obligation, contractual
                                         or otherwise, to employ or re-employ Employee, now or in the future, either directly
                                         or indirectly, on a full-time, part-time, or temporary basis, including, but not limited
                                         to, utilizing Employee’s services as a temporary employee, worker, or contractor
                                         through any temporary service providers, vendors, or agencies.
	 	 
	20.	Authority.
                                         Each the Company and Employee represents and warrants that they have the capacity to
                                         act on their own behalf and on behalf of all who might claim through them and to bind
                                         them to the terms and conditions of this Agreement. Each party warrants and represents
                                         that there are no liens or claims of lien or assignments in law or equity or otherwise
                                         of or against any of the Claims or causes of action released herein.

 

    	-6-

    	 

    

 

	21.	No
                                         Representations. Each party represents that it has had the opportunity to consult
                                         with an attorney, and has carefully read and understands the scope and effect of the
                                         provisions of this Agreement. In entering into this Agreement, neither party has relied
                                         upon any representations or statements made by the other party hereto which are not specifically
                                         set forth in this Agreement. Further, Employee acknowledges and agrees that Employee
                                         has made such investigation of the facts pertaining to this Agreement and all matters
                                         contained herein as Employee deems necessary, desirable or appropriate and agrees that
                                         the release provided for herein shall remain in all respects effective and enforceable
                                         and not subject to termination or rescission by reason of any later discovery of new,
                                         different or additional facts.
	 	 
	22.	Severability.
                                         In the event that any provision, or any portion thereof, becomes or is declared by a
                                         court of competent jurisdiction to be illegal, unenforceable or void, this Agreement
                                         shall continue in full force and effect without said provision or portion of said provision.
	 	 
	23.	Entire
                                         Agreement. This Agreement (along with the Consulting Agreement) represents
                                         the entire agreement and understanding between the Company and Employee concerning the
                                         subject matter of this Agreement and Employee’s relationship with the Company,
                                         and supersedes and replaces any and all prior agreements and understandings between the
                                         Parties concerning the subject matter of this Agreement and Employee’s relationship
                                         with the Company.
	 	 
	24.	No
                                         Waiver. The failure of the Company to insist upon the performance of any of the
                                         terms and conditions in this Agreement, or the failure to prosecute any breach of any
                                         of the terms and conditions of this Agreement, shall not be construed thereafter as a
                                         waiver of any such terms or conditions. This entire Agreement shall remain in full force
                                         and effect as if no such forbearance or failure of performance had occurred.
	 	 
	25.	No
                                         Oral Modification. This Agreement may only be amended in a writing signed by
                                         Employee and the Company.
	 	 
	26.	Governing
                                         Law. This Agreement shall be construed, interpreted, governed, and enforced in
                                         accordance with the laws of the State of California, without regard to choice-of-law
                                         provisions. Employee hereby consents to personal and exclusive jurisdiction and venue
                                         in the State of California.
	 	 
	27.	Effective
                                         Date. This Agreement will become effective seven (7) calendar days after the
                                         date on which it is last signed below (the “Effective Date”), unless revoked
                                         in writing by Employee prior to that time in accordance with Section 9 of this Agreement.
	 	 
	28.	Counterparts.
                                         This Agreement may be executed in counterparts, and each counterpart shall have the same
                                         force and effect as an original and shall constitute an effective, binding agreement
                                         on the part of each of the undersigned.

 

    	-7-

    	 

    

 

	29.	Voluntary
                                         Execution of Agreement. This Agreement is executed voluntarily and without any
                                         duress or undue influence on the part or behalf of the Parties hereto, with the full
                                         intent of releasing all claims. The Parties acknowledge that:

 

	 	(a)	They
    have read this Agreement, and have had a full and ample opportunity to study this Agreement; and
	 	 	 
	 	(b)	They
    have been represented in the preparation, negotiation, and execution of this Agreement by legal counsel of their own choice
    or that they have voluntarily declined to seek such counsel; and
	 	 	 
	 	(c)	They
    understand the terms and consequences of this Agreement and of the releases it contains; and
	 	 	 
	 	(d)	They
    are fully aware of the legal and binding effect of this Agreement.

 

[Signature
page follows.]

 

IN
WITNESS WHEREOF, the Parties have executed this Agreement on the respective dates set forth below.

 

	RITTER PHARMACEUTICALS, INC.	 	EMPLOYEE
	 	                                  	 	 	                                               
	Dated:
    	June
    30, 2018	 	Dated:	June
    29, 2018
	 	 	 	 	 
	By:	/s/ Andrew
J. Ritter	 	 	/s/ Michael
    D. Step
	 	Andrew
    J. Ritter, President	 	 	Michael
    D. Step
	 	&
    Chief Executive Officer	 	 	

 

    	-8-

    	 

    

 

EXHIBIT
A

 

June
__, 2018

 

Ritter
Pharmaceuticals, Inc.

1880
Century Park East #1000

Los
Angeles, CA 90067

Attention:
Andrew J. Ritter, President & Chief Executive Officer

 

	Re:	Agreement and General Release

 

Dear
Andrew:

 

On
June ___, 2018, I signed an Agreement and General Release between Ritter Pharmaceuticals, Inc. and me. I was advised in writing
by Ritter Pharmaceuticals, Inc. to consult with an attorney of my choosing, prior to executing this Agreement and General Release.

 

More
than seven (7) calendar days have elapsed since I executed the above-mentioned Agreement and General Release. I have not revoked
my acceptance or execution of that Agreement and General Release and hereby reaffirm my acceptance of that Agreement and General
Release up through the date of this letter.

 

	Very
truly yours,	 	 
	 	 	 
	 	 	 
	Michael
D. Step	 	 

 

    	-9-

    	 

    

 

EXHIBIT
B

 

See Attached Consulting Agreement

 

    	-10-Exhibit
10.2

 

CONSULTING
AGREEMENT

 

This
Consulting Agreement (the
“Agreement”) is made and entered into by and between Ritter Pharmaceuticals, Inc., a Delaware corporation with
a place of business at 1880 Century Park East #1000, Los Angeles, CA 90067 (the “Company”), and Michael D. Step,
with an address at 7688 Northern Lights, San Diego, CA 92127 (“Consultant”), effective as of June 27, 2018 (“Effective
Date”).

 

Recitals

 

Whereas,
Consultant has been employed and served as the Chief Executive Officer of the Company since October 1, 2014; and

 

Whereas,
on June 26, 2018 Consultant resigned as an employee and the Chief Executive Officer of the Company; and

 

Whereas,
the Company desires that Consultant continue to advise and consult with the Company and Consultant agrees to provide such
assistance to the Company through a consulting relationship with the Company;

 

Now
Therefore, in consideration of the mutual obligations specified in this
Agreement, the parties agree to the following:

 

1.
Consulting Services
Engagement. The Company hereby retains Consultant
and Consultant hereby accepts such retention to perform consulting services for the Company as set forth herein.

 

1.1
Scope of Services/Term. Consultant shall
consult with and advise the senior management team of the Company. with respect to the matters forth on Exhibit A (“Services”)
.. Consultant shall provide the Services at such times as shall be reasonably requested by the Company. The initial term of this
Agreement shall begin on June 27, 2018 and shall continue until June 26, 2019 unless terminated prior thereto pursuant to Section
6 below. The term of this Agreement may be extended upon mutual agreement of the parties in writing.

 

1.2
Professional Standards. The manner and
means used by Consultant to perform the Services desired by the Company shall be as mutually agreed to by the Company and Consultant;
and such services shall be rendered at such locations as are mutually agreed to by the parties. The Services will be performed
in accordance with the standard of care usually and reasonably expected in the performance of such activities and in a professional
and workmanlike manner.

 

1.3
Independent Contractor Status. It is understood
and agreed that Consultant is an independent contractor, is not an agent or employee of the Company, and is not authorized to
act on behalf of the Company. Consultant agrees not to hold himself out as, or give any person any reason to believe that it is
the agent, joint venturer or partner of the Company. All income and other taxes, insurance, and benefits shall be the sole responsibility
of Consultant and the Company shall not deduct or withhold from any amounts payable to Consultant for taxes. Consultant shall
not be employee of Company and will not be entitled to participate in or receive any benefit or right as a Company employee under
any Company employee benefit and welfare plans, including, without limitation, employee insurance, pension, savings and security
plans as a result of his/her entering into this Agreement.

 

    	 

    	 

    

 

2.
Compensation.
In consideration of Consultant’s performance
of the Services, the Company shall pay Eleven Thousand Two Hundred Fifty Dollars ($11,250.00) a month, which amount shall be paid
on the last business day of each month.

 

3.
Expenses. Consultant
shall be reimbursed for any expenses actually incurred by him in providing the Services provided that any expenses in excess of
five hundred dollars ($500.00) are approved in advance by the Company. Consultant shall provide the Company with a written expense
report, complete with receipts or other reasonable documentation as may be requested by the Company, for all such expenses requested
for reimbursement, which expenses report will be submitted electronically.

 

4.
No Solicitation.
During the term of this Agreement and for
one (1) year after its termination, Consultant shall not affirmatively recruit, solicit or make initial contact with any employee
of the Company for the purpose of discussing or offering employment, without the prior written consent of the Company. This provision
does not, however, preclude Consultant from undertaking the following: (i) discussing employment with, or offering employment
to, an employee of the Company when discussions or negotiations leading to such an offer have been initiated by the employee him/herself,
or in the event of the Company’s insolvency, bankruptcy, receivership or any other cessation of business as an ongoing concern;
or (ii) advertising in publications of general circulation, posting vacancy announcements, or conducting job fairs which may lead
to contacts between the Consultant and employees of the Company.

 

5.
Inventions and
Confidential Information.

 

5.1
Disclosure of Inventions. Consultant shall
promptly and fully disclose to the Company any and all ideas, improvements, inventions, know-how, information, techniques and
works of authorship learned, conceived and reduced to practice or resulting from the Services performed by Consultant under this
Agreement (“Service Product”). Consultant agrees to keep and maintain adequate and current records (in the form of
notes, sketches, drawings or in any other form that may be required by the Company) of all work performed relating to the Services,
including all proprietary information developed relating thereto, and such records shall be available to and remain the sole property
of the Company at all times.

 

5.2
Inventions Assigned to the Company. Consultant
agrees that, any and all Service Product shall be the sole and exclusive property of the Company. Consultant hereby assigns to
the Company all of his right, title and interest in and to any and all Service Product. Consultant explicitly acknowledges and
agrees that all works of authorship contained in the Service Product are “works for hire” under the copyright laws
of the United States, and that the Company shall own the copyright in all such works of authorship. Consultant further agrees
that, except for any prior rights held by Consultant, the Company is and shall be vested with all rights, title and interests,
including patent, copyright, trade secret and trademark rights, in all of the Service Product under this Agreement.

 

5.3
Obtaining Intellectual Property Protection.
During the Term, Consultant agrees to assist the Company in every proper way to obtain and enforce United States and foreign proprietary
rights relating to the Service Product in any and all countries. To that end, Consultant agrees to execute, verify and deliver
such documents and perform such other acts (including appearing as a witness) as the Company may reasonably request for use in
applying for, obtaining, perfecting, evidencing, sustaining and enforcing such proprietary rights and the assignment thereof,
at the Company’s expense. In addition, Consultant agrees to execute, verify and deliver assignments of such proprietary
rights to the Company or its designee. Consultant’s obligation to assist the Company with respect to proprietary rights
in any and all countries shall continue beyond the termination of this engagement, but the Company shall compensate Consultant
at a reasonable rate after such termination for the time actually spent by Consultant at the Company’s request on such assistance.

 

    	-2-

    	 

    

 

In
the event the Company is unable for any reason, after reasonable effort, to secure Consultant’s signature on any document
needed in connection with the actions specified in the preceding paragraph, Consultant hereby irrevocably designates and appoints
the Company and its duly authorized officers and agents as its agent and attorney in fact, to act for and in its behalf to execute,
verify and file, with the same legal force and effect as if executed by it, any such documents and to do all other lawfully permitted
acts to further the purposes of the preceding paragraph. Consultant hereby waives and quitclaims to the Company any and all claims
of any nature whatsoever which Consultant now or may hereafter have for infringement of any proprietary rights assigned to the
Company.

 

5.4
Confidential Information. The term “Confidential
Information” means any proprietary information, technical data, trade secrets or know-how, including, but not limited to,
research, product plans, products, services, suppliers, supplier lists, customers, customer lists, markets, software, algorithms,
implementation strategy, developments, inventions, chemical structures, processes, formulas, technology, designs, drawings, engineering,
hardware configuration information, marketing, finances or other business information disclosed by the Company either directly
or indirectly in writing, orally or by drawings or inspection of parts or equipment. Confidential Information does not include
information which (i) has become publicly known and made generally available through no wrongful act of Consultant, (ii) has been
rightfully received by Consultant from a third party that is not an agent or representative of the Company, and who is authorized
to make such disclosure, or (iii) is developed independently by Consultant, as evidenced in writing by Consultant’s records,
without reference to Confidential Information. Consultant will not, during or for five (5) years after the termination or expiration
of this Agreement, use the Company’s Confidential Information for any purpose whatsoever, other than the performance of
the Services on behalf of the Company, or disclose the Company’s Confidential Information to any third party without the
Company’s prior express written consent. It is understood that the Confidential Information will remain the sole property
of the Company. Consultant further agrees to take all reasonable precautions to prevent any unauthorized disclosure of the Confidential
Information, including, but not limited to, having each employee, agent or representative of Consultant, if any, with access to
any Confidential Information execute a nondisclosure agreement containing provisions in the Company’s favor substantially
similar to Sections 5.4 and 5.6 of this Agreement. Consultant will not, during or subsequent to the term of this Agreement, take
data or materials from the premises of the Company unless specifically authorized to do so, such authorization to be determined
on a case-by-case basis. Upon the termination of this Agreement, or upon Company’s earlier request, Consultant will deliver
to the Company all of the Company’s property or Confidential Information in tangible form that Consultant may have in Consultant’s
possession or control.

 

5.5
Other Employer Information. Consultant
agrees that he will not, during his engagement with the Company, improperly use or disclose any proprietary information or trade
secrets of his former or concurrent employers or companies with which he has consulted or is consulting, if any, and that he will
not bring onto the premises of the Company any unpublished documents or any property belonging to his former or concurrent employers
or companies with which he has consulted or is consulting unless consented to in writing by said employers or companies.

 

    	-3-

    	 

    

 

5.6
Third Party Information. Consultant recognizes
that the Company has received and in the future will receive confidential or proprietary information from third parties subject
to a duty on the Company’s part to maintain the confidentiality of such information and, in some cases, to use it only for
certain limited purposes. Consultant agrees that he owes the Company and such third parties, both during the term of his engagement
and thereafter, a duty to hold all such confidential or proprietary information in the strictest confidence and not to disclose
it to any person or entity (except in a manner that is consistent with the Company’s agreement with the third party) or
use it for the benefit of anyone other than the Company or such third party (consistent with the Company’s agreement with
the third party).

 

6.
Termination.

 

6.1
Termination by the Company. The Company
may only terminate this Agreement for Cause. For purposes hereof, “Cause” shall mean a finding by the Company that
Consultant has (i) been convicted of a felony or crime involving moral turpitude; (ii) disclosed trade secrets or confidential
information of the Company to persons not entitled to receive such information; (iii) engaged in conduct in connection with Consultant’s
service to the Company (or any parent or subsidiary), that has, or could reasonably be expected to result in, material injury
to the business or reputation of the Company, including, without limitation, act(s) of fraud, embezzlement, misappropriation and
breach of duty; (iv) violated the operating and ethics policies of the Company in any material way, including, but not limited
to those relating to sexual harassment and the disclosure or misuse of confidential information; (v) engaged in willful and continued
negligence in the performance of the services , after Consultant has received notice of and failed to cure such negligence; or
(vi) breach any material provision of any agreement between Consultant and the Company, including, without limitation, any confidentiality
agreement.

 

6.2
Termination by Consultant. Consultant
may terminate this Agreement (i) for any reason whatsoever at any time by giving the Company fourteen (14) days’ prior written
notice.

 

6.3
Effect of Termination. Upon any expiration
or termination of this Agreement, all rights and obligations of the parties hereunder shall terminate and be of no further force
or effect, except as otherwise expressly set forth herein. In the event termination of this Agreement, the parties shall work
together in good faith to ensure an orderly cessation of the Services and each party shall return to the other all of its Confidential
Information (as defined below) and other materials belonging to the other party. All fees and expenses incurred up to the termination
date shall become immediately due and payable. Sections 4, 5, 10, 11.1 and 12-17 of this Agreement shall survive any termination
of this Agreement.

 

7.
Non-Exclusive
Engagement.
Consultant represents that he is not a party to any existing agreement which would prevent him from entering into and performing
this Agreement. Consultant will not enter into any other agreement that is in conflict with Consultant’s obligations under
this Agreement. Subject to the foregoing, Consultant may from time to time act as a consultant to, perform professional services
for, or enter into agreements similar to this Agreement with other persons or entities without the necessity of obtaining approval
from the Company. The Company may from time to time (i) engage other persons and entities to act as consultants to the Company
and perform services for the Company, including services that are similar to the Services, and (ii) enter into agreements similar
to this Agreement with other persons or entities, in all cases without the necessity of obtaining approval from Consultant.

 

    	-4-

    	 

    

 

8.
Compliance with
Applicable Laws. Consultant warrants that
the Services will be performed in compliance with all applicable laws.

 

9.
Assignment;
Benefit. This Agreement is for the personal
services of Consultant and may not be assigned by Consultant. The Company may assign this Agreement and its rights and obligations
hereunder without Consultant’s consent in connection with the transfer or sale of all or substantially all of the Company’s
business to which this Agreement relates to a third party, whether by merger, sale of stock, sale of assets or otherwise. No assignment
shall relieve either party of the performance of any accrued obligation that such party may then have under this Agreement. Consultant
may not delegate or subcontract any of its obligations under this Agreement to any third party without the prior written consent
of the Company. The parties’ rights and obligations under this Agreement will bind and inure to the benefit of their respective
successors, heirs, executors, and administrators and permitted assigns.

 

10.
Indemnification
and Limitation of Liability.

 

10.1
By the Company. The Company agrees to
indemnify and hold harmless Consultant from and against any liability, damages, loss or expense (including reasonable attorney
fees and expenses of litigation) arising out of claims brought by a third party based on or related to (i) the actions of the
Company, its employees or any third party acting on behalf or under authorization from the Company in the performance of this
Agreement or (ii) any Services performed or products developed or made including the Service Product, except to the extent arising
from the negligent or intentionally wrongful acts of Consultant.

 

10.2
By Consultant. Consultant agrees to indemnify
and hold harmless the Company against any liability, damages, loss or expense (including reasonable attorney fees and expenses
of litigation) arising out of claims brought by a third party based on or related to (i) the actions of Consultant in the performance
of this Agreement or (ii) any Services performed or products developed or made including the Service Product, but only to the
extent arising from the negligent or intentionally wrongful acts of Company.

 

10.3
Limitation of Liability. In no event will
either party be liable to the other for any incidental, indirect, consequential, special, exemplary or punitive damages (including
lost sales, lost profits or opportunity costs) regardless of the legal theory asserted even if a party has been advised of the
possibility of such damages. Consultant’s maximum aggregate liability under this Agreement or otherwise, will not exceed
the amount of professional fees paid by the Company to Consultant in the twelve (12) month period preceding the time giving rise
to the claim.

 

11.
Warranties;
Disclaimer of Warranties.

 

11.1
Warranties. Consultant represents and
warrants that he has never been, and shall never be, during the term of this Agreement, excluded from participation in Medicare,
Medicaid or any other federal health care program, as defined in 42 U.S.C. § 1320a-7b(f), or been debarred, suspended, proposed
for debarment, declared ineligible, or voluntary excluded by any federal department or agency. Consultant represents and warrants
that he has not been excluded from any federal contracting by the United States General Services Administration. Consultant further
represents and warrants that no final adverse action, as that term is defined in 42 U.S.C. § 1320a-7e(g), has occurred or
is pending or threatened against him. Consultant represents and warrants that he is not under investigation by the FDA or any
other regulatory agency or debarred pursuant to sections 306(a) and (b) of the Federal Food, Drug Cosmetic Act (“FFDCA”),
as described in 21 U.S.C. § 335(a) and (b).

 

    	-5-

    	 

    

 

11.2
Disclaimer of Warranties. Except as otherwise
set forth herein, Consultant specifically disclaims and makes no representations or warranties, express or implied, as to any
matter whatsoever, including without limitation the ownership, merchantability, fitness for a particular purpose, title and non-infringement
with respect to the Services performed including the results of such Services or any Service Product provided hereunder. Additionally,
Consultant specifically disclaims and makes no representations or warranties regarding the actual or potential misappropriation
or infringement of any third party intellectual property rights, and Company acknowledges that the liability for and avoidance
of such infringement shall remain the sole and exclusive responsibility of the Company.

 

12.
Legal and Equitable
Remedies. The parties agree that irreparable
damage would occur and that the parties would not have any adequate remedy at law in the event that any of the provisions of this
Agreement were not performed in accordance with their specific terms or where otherwise breached. It is accordingly agreed that
each party shall be entitled to seek injunctive or other equitable relief, wherever such party deems appropriate, to prevent breaches
of this Agreement or to protect such party’s rights under this Agreement. The foregoing remedy is in addition to any other
remedy to which the party seeking such equitable relief is entitled to at law.

 

13.
Governing Law;
Severability. This Agreement shall be governed
by and construed according to the laws of the State of California without regard to its conflict of laws rules. If any provision
of this Agreement is found by a court of competent jurisdiction to be unenforceable, that provision shall be severed and the remainder
of this Agreement shall continue in full force and effect.

 

14.
Non-Waiver.
The failure of a party to insist upon strict performance of any provision of this Agreement or to exercise any right arising out
of this Agreement shall neither impair that provision or right nor constitute a waiver of that provision or right, in whole or
in part, in that instance or in any other instance. Any waiver by a party of a particular provision or right shall be in writing,
shall be as to a particular matter and, if applicable, for a particular period of time, and shall be signed by such party.

 

15.
Counterparts.
This Agreement may be executed in counterparts, each of which shall be deemed an original and all of which together shall constitute
one instrument.

 

16.
Complete Understanding;
Modification. This Agreement constitutes
the final, exclusive and complete understanding and agreement of the Company and Consultant with respect to the subject matter
hereof. Any waiver, modification or amendment of any provision of this Agreement shall be effective only if in writing and signed
by Consultant and a Company officer.

 

17.
Notices.
Any notices required or permitted hereunder shall be given to the appropriate party at the address specified below or at such
other address as the party shall specify in writing. Such notice shall be deemed given a) when received, if hand-delivered or
sent by a reputable overnight delivery service, (b) when received, if sent by fax and receipt of such fax is confirmed, and (c)
three (3) days after the date of mailing if mailed by first class certified or registered mail, postage prepaid, return receipt
requested.

 

    	-6-

    	 

    

 

	If
                                         to the Company:

                                         

        Ritter
        Pharmaceuticals, Inc.

        1880 Century Park East #1000

        Los Angeles, CA 90067
	 	If
                                         to the Consultant:

         

        Michael
        D. Step

        7688
        Northern Lights

        San
        Diego, CA 92127

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first set forth above.

 

	RITTER
    PHARMACEUTICALS, INC.	 	CONSULTANT
	 	 	 	 
	 	 	 	 
	By:	/s/ Andrew
    J. Ritter	 	/s/
    Michael D. Step
	 	Andrew
    J. Ritter	 	Michael
    D. Step
	 	 	 	 
	 	Founder,
    President and Chief Executive Officer	 	 
	 	(Title)	 	 

 

    	-7-

    	 

    

 

EXHIBIT
A

 

Services

 

Consultant
shall consult with and advise the senior management team of the Company with respect to:

 

		●	Business
                                         Development and Product Development Partnership Opportunities
		●	Strategic
                                         Transactions
		●	Investor
                                         Relations
		●	Corporate
                                         Development
		●	Management
                                         and Operational Matters

 

    	-8-

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