Biote Signs Binding Term Sheet With Stockholder Marci M. Donovitz To Resolve Litigation; Enters $60M Agreement To Repurchase 8.3M Shares and Cancel 4.0M Earnout Shares

For $60 million in the aggregate, Biote will repurchase all of the approximately 8.3 million of the Paired Interests and/or Class A Shares, as applicable, owned by Ms. Donovitz and will release and cancel all of the approximately 4.0 million Paired Interests subject to contractual earnout provisions ("earnout shares") owned by Ms. Donovitz for no additional monetary consideration. Biote intends to fund the repurchases in accordance with its existing capital allocation strategy.