STOCK AGREEMENT
Exhibit
10.1
WHEREAS, [NAME] is
a member of Liberated Syndication’s Board of Directors (the
“Director”) and has performed duties as a Director in a
capable and efficient manner, resulting in substantial benefit to
the Company; and
WHEREAS, The Board
of Directors has previously awarded 200,000 shares of the
Company’s common stock (the “stock”), subject to
certain milestones and forfeiture clauses to the
Director.
WHEREAS, the
Company desires to modify and the Stock Agreement dated December
15, 2017 (Original Agreement), of the Director. The terms of the
Original Agreement shall be amended to include:
In the
event of a Change of Control, all unvested shares shall immediately
vest upon the date of the Change of Control. Change of Control
shall be defined as outlined in the Liberated Syndication Inc. 2018
Omnibus Equity Incentive plan.
ACCEPTED
AND AGREED TO:
By: /
____________________________________
Name:
By:
___________________________________
Name:
Title:
