SECURITIES PURCHASE AGREEMENT Dated as of March 25, 2014 by and among 4LICENSING CORPORATION, CLEVELAND CAPITAL MANAGEMENT L.L.C., PRESCOTT GROUP AGGRESSIVE SMALL CAP MASTERFUND, GP and, solely for purposes of Section 5.3, THE GUARANTORS LISTED ON ANNEX ISecurities Purchase Agreement • March 28th, 2014 • Prescott Group Capital Management, L.L.C. • Patent owners & lessors • New York
This Securities Purchase Agreement (this “Agreement”), is made as of March 25, 2014, by and among 4Licensing Corporation (the “Company”), Cleveland Capital Management L.L.C. (“Cleveland Capital”), Prescott Group Aggressive Small Cap Masterfund, GP (“Prescott Group”, and together with Cleveland Capital, “Buyers”), and, solely for purposes of Section 5.3, the Guarantors list on Annex I (the “Guarantors”).
