Document:

EXHIBIT 10.3

 

CONSULTING AGREEMENT

 

This
Consulting Agreement (the “Agreement”) is made as of this 26th day of May, 2014, by and between OSL Holdings, Inc. (the
“Company”) and Sean Ridgely (the “Consultant”). In consideration of the mutual promises contained herein and
other good and valuable consideration, the receipt and sufficiency of which is acknowledged, the parties agree as follows:

 

1.Services.
The Consultant agrees to provide contract and business development services (the “Services”) to and for the Company
during the Term (as defined below), as the Company may reasonably request; and as mutually agreed. The Consultant shall deliver
such Services either in person or by telephone as the Company may reasonably request. The Consultant agrees to use his best efforts
in the performance and delivery of the Services contemplated hereunder and dedicate daily time and effort to these services for
the next 12 months.

 

2. Compensation.
The Company shall provide to the Consultant, compensation as follows:

 

(a)
250,000 shares (the “Shares”) of the Company’s common stock, par value $0.001 per share, which shall be
issued to Consultant on May 15, 2014; and $15,000 net of all applicable taxes, state, federal or otherwise for hours expended
each month based on scope of work and hours given by OSL for services said month; cash compensation can be reviewed
with management at anytime given additional responsibilities or success.

 

(b)
50,000 shares (the “Shares”) of the Company’s common stock, par value $0.001 per share, which shall be issued
to Consultant within ten (10) business days of request by Consultant for each month of service;

 

(c)
Reimbursement for expenses incurred in connection with providing the Services, provided that all such expenses were
previously approved in writing by the Company.

 

3. Term.
The term of this Agreement (the “Term”) shall commence on the date hereof and shall be for three years thereof,
unless extended by written agreement of the parties hereto.

 

(a)
Consultant may terminate this agreement at anytime with three (3) months written notice, if Consultant terminates agreement
prior to Twelve (12) months from signing, Consultant will return all shares of company delivered or if shares have been sold,
the Consultant will pay Company the value of the shares when sold.

 

(b)
The Company may terminate the agreement at anytime but will pay Consultant Twelve (12) months severance.

 

4. Confidentiality.

 

(a)
The Consultant agrees that all the materials and information, whether or not in writing, of a private, secret or confidential
nature concerning the Company’s technology, business or financial affairs, including the identification of the
Company’s customers and clients (collectively, “Confidential Information”) is and shall be the exclusive
property of the Company. The Consultant will not disclose any Confidential Information to others outside the Company or use
the same for any purposes (other than in the performance of his services as an Consultant to the Company) without the written
approval of the Company, either during or after the Term, unless and until such Confidential Information has become public
knowledge without fault by the Consultant.

 

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(b)
All tangible materials containing Confidential Information or copies thereof and all tangible property of the Company in the
Consultant’s custody or possession shall be delivered to the Company upon the earlier of (i) a request by the Company
or (ii) termination of the Term. After such delivery, the Consultant shall not retain any such materials or copies thereof or
any such tangible property.

 

(c)
The Consultant agrees that his obligation not to disclose or to use information and materials of the types set forth in
paragraph (a) above, and his obligation to return materials and tangible property set forth in paragraph (b) above, also
extends to such types of information, materials and tangible property of customers or collaborators of the company or
suppliers or consultants to the Company or other third parties who may have disclosed or entrusted the same to the Company or
to the Consultant in the course of the Company’s business. During the Term and for a period of six months thereafter,
the Consultant agrees that he will not enter into an Agreement with any entity that directly competes, or intends to compete
with the Company.

 

5. Assignment
of Inventions.

 

(a)
The Consultant will make full and prompt disclosure to the Company of all inventions, improvements, discoveries, methods,
developments, software and works of authorship, whether or not patentable or copyrightable, which are created, made,
conceived or reduced to practice by the Consultant, or under his direction or jointly with others, as a direct result of the
performance of the Services hereunder, whether or not during normal working hours or on the premises of the Company (all of
which are collectively referred to in this Agreement as “Developments”).

 

(b)
The Consultant agrees to assign and does hereby assign to the Company (or any person or entity designated by the company) all
of his right, title and interest in and to all Developments and all related patents, patent applications, certificates of
invention, applications for certificates of inventions, utility models, applications for utility models, copyrights,
copyright applications and other industrial and intellectual property rights, provided that the Consultant receives 5% of
total net revenue related specifically to the share of that Development within the overall sale and or licensing of any
Developments and patent applications, certificates of invention, applications for certificates of inventions, utility models,
applications for utility models, copyrights, copyright applications and other industrial and intellectual property rights
that are proportional and arise as a direct result of the performance of the Services hereunder . If for any reason the
company decides to not pursue or invest in said Development, both parties shall have rights to the Development. Additionally
the Consultant will benefit from said Development, to be determined by the scope and revenue potential of the Development by
the Company and Consultant.

 

(c)
The Consultant agrees to cooperate fully with the Company, both during and after the Term with respect to the procurement,
maintenance and enforcement of copyrights, patents, and other industrial and intellectual property rights (both in the United
States and foreign countries) relating to Developments. The Company agrees to pay any ancillary out of pocket costs for the
Consultant to comply with this section.

 

(d)
The Company acknowledges that the Consultant brings to the Company certain intellectual property, including but not limited
to copyrights, trademarks, patents, trade secrets and items that could potentially be patented such as horticultural and genetic
knowledge (hereinafter collectively the “Intellectual Property.”) In consideration for receipt of 250,000 shares of
the Company stock and other considerations to be detailed in a subsequent sublicense agreement, Consultant hereby grants to Company
a lifetime irrevocable license to use and sub-license the Intellectual Property. The Intellectual Property is defined as genetics
available from Consultant to Company as stated herein. Contents of this genetic list is the exclusive and sole ownership of the
Consultant until terms of compensation regarding transfer of ownership of said genetics contained and only contained within subsequent
sublicense agreement. Og1, og2, og3, og4, pre98 bubba kush, chem dog, strawberry diesel, sour diesel, black berry, la confidential,
Jack herer hybrid 1, Jack Herer hybrid 2, the super, skunk, cheese, green crack, super lemon haze, sour kush, romulan, cbd strain,
cherry pie, herojuana.

 

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6.
Indemnification. The Company agrees to indemnify, defend, and hold harmless the Consultant from and against any claims
or suits by a third party against the Consultant, or any liabilities of judgments based thereon, either arising from the Consultant’s
performance of the Services for the Company hereunder or arising from any Company products which result from the Consultant’s
performance of the Services hereunder; provided, however, that notwithstanding the foregoing to the contrary, the Company’s
obligation to indemnify, defend, and hold harmless the Consultant shall not extend to claims or suits, or any liabilities or judgments
based thereon, to the extent they are based on actual alleged breach of this Agreement by the Consultant or infringement of patent
rights, misappropriation of trade secrets, or breach of confidentiality by the Consultant or his research institution, or the
gross negligence or willful misconduct of the Consultant; provided further, that the Company shall have sole control over the
defense of any claim or suit and that the Consultant may not settle or agree to settle any claim or suit without the Company’s
prior written consent.

 

7. Other
Agreements. The Consultant represents that he has all the necessary right, power, and authority to enter into this
Agreement, to serve as a Consultant to the Company, to grant the rights granted to the Company by him hereunder, and to
fulfill all of his obligations under, and all of the other terms of, this Agreement. The Consultant further represents that
his performance of all the terms of this Agreement and as an Consultant to the Company does not and will not breach any other
agreement of the Consultant with any other party, including, without limitation, any agreement of the Consultant to refrain
from competing, directly or indirectly, with the business of any previous employer or any other party or any agreement to
keep in confidence information, knowledge or data acquired in confidence or in trust. The Consultant will not disclose to the
Company or induce the Company to use any confidential or proprietary information or material belonging to any previous
employer or others. The Consultant will not hereafter grant anyone any rights inconsistent with the terms of this Agreement
or subsequent sublicense Agreement.

 

8. Notices.
All notices required or permitted under this Agreement shall be in writing and shall be deemed effective upon personal
delivery or upon deposit in the United States Post Office, by registered or certified mail, postage prepaid, addressed to the
other party at the address shown beneath its or his signature below, or at such other address or addresses as either party
shall designate to the other in accordance with this Section 8.

 

9.
Independent Contractor. The Consultant shall perform all services under this Agreement as an “independent contractor”
and not as an employee or agent of the Company. The Consultant may not assume or create any obligation or responsibility, express
or implied, on behalf or in the name of the Company, nor bind the Company in any manner.

 

10. Publicity.
The Company will not use the Consultant’s name in any commercial advertisement or similar material that is used to
promote or sell products, unless the Company obtains in advance the written consent of the Consultant.

 

11. Entire
Agreement. This Agreement constitutes the entire agreement between the parties with respect to, and supersedes all prior
agreements and understandings, whether written or oral, relating to, the subject matter of this Agreement.

 

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12. Governing
Law. The interpretation and construction of the Agreement, to the extent the particular issue is controlled by state
law, shall be governed by and construed in accordance with the laws of the State of California. The state and federal courts
located in County of Los Angeles, California shall have exclusive jurisdiction to adjudicate all disputes between the Parties
concerning the subject matter hereof. 

 

13. Successors
and Assigns. This Agreement shall be binding upon, and inure to the benefit of, both parties and their respective
successors and assigns, including any corporation with which, or into which, the Company may be merged or which may succeed
to any part of its assets or business; provided, however, that the obligations of Consultant arc personal and shall not be
assigned by him.

 

14. Additional
Acts. Seller hereby covenants that it will, at any time upon request of Company, execute and deliver to Company any new
or confirmatory instruments and do and perform any other acts which Company may reasonably request in order to fully comply
with this Agreement.

 

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IN
WITNESS WHEREOF, the parties have executed this Agreement as of May 25, 2014.

 

		COMPANY:
	 	 	 
	 	OSL HOLDINGS, INC.
	 	 	 
	 	By:
	
	 	Name:
    	Robert Rothenberg
	 	Title:	President & CEO

 

	 	CONSULTANT:
	 	 
	 	
	 	Name
    of Consultant 
	 	 
	 	 
	 	Signature
    of Consultant 

 

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                                         5
                                         of 5Exhibit 10.1 Amendment No. 5 to the Revolver

Exhibit 10.1

AMENDMENT NO. 5, dated as of May 21, 2014 (this "Amendment"), among ASPECT SOFTWARE PARENT, INC., a Delaware corporation ("Parent"), ASPECT SOFTWARE, INC., a Delaware corporation (the “Borrower"), ASPECT SOFTWARE GROUP HOLDINGS LTD., an exempted company organized under the laws of the Cayman Islands ("TopCo"), DAVOX INTERNATIONAL HOLDINGS, LLC, a Delaware limited liability company, the LENDERS party hereto and JPMORGAN CHASE BANK, N.A., as Administrative Agent under the Credit Agreement referred to below (in such capacity, the
"Administrative Agent"), to the CREDIT AGREEMENT dated as of May 7, 2010 (as amended by that certain Amendment No. 1, dated as of November 14, 2012, that certain Incremental Facility Amendment, dated as of July 2, 2013, that certain Amendment No. 3 dated as of May 6, 2014, that certain Amendment No. 4 dated as of May 14, 2014, and as further amended, supplemented or otherwise modified from time to time, the "Credit Agreement"), among Parent, the Borrower, the Lenders party thereto, the Administrative Agent, and JPMorgan Chase Bank, N.A. and Bank of America, N.A., as Co-Syndication Agents and certain affiliates of Borrower which are no longer parties to the Credit Agreement. Capitalized terms used herein shall have the meanings ascribed to them herein or if not defined herein shall have the meaning provided in the Credit Agreement.

WHEREAS, pursuant to the Credit Agreement, the Lenders have made Term Loans, Revolving Commitments and/or Revolving Loans, as applicable, to the Borrower on the terms and subject to the conditions set forth therein;

WHEREAS, Parent, the Borrower and the Lenders party hereto desire to amend the Credit Agreement on the terms set forth herein;

NOW, THEREFORE, the parties hereto hereby agree as follows: SECTION 1. Amendments.
(a)Section 2.18(c) of the Credit Agreement is hereby amended by adding the text ", except as expressly permitted to be held by a Permitted Affiliate under Section 9.04(b)(vii)" immediately after the text "and not, for purposes of clarity, with respect to any Revolving Loan or participations in LC Disbursements" in such Section.

(b)Section 9.04(b)(vii) of the Credit Agreement is hereby amended and restated in its entirety to read as follows (amendments to the existing Section 9.04(b)(vii) are reflected in bold/underline):

Notwithstanding anything in this Agreement to the contrary, the Permitted Affiliated Lenders shall in no event own or otherwise participate in (and
no Lender shall make an assignment or sell participations hereunder to any Permitted Affiliate with respect to) (A) any Revolving Commitments or Revolving Loans (provided that any Revolving Lender may  assign or participate  its Revolving  Commitments  and  Revolving  Exposure  to Permitted Affiliates  so long as, at the time of (and after giving effect

to) any such assignment or participation, the aggregate amount of the Revolving Exposure and the unused Revolving Commitments (or, in each case, participations  therein) held by all Permitted Affiliated Lenders does not exceed the lesser of (x) $10,000,000 and (y) 33 1/3%  of the aggregate amount of the Revolving Exposure and unused Revolving Commitments at such time) or (B) Term Loans having an aggregate principal amount in excess of 10% of the aggregate principal amount of the Term Loans as of the Effective Date. In addition to the foregoing, the Revolving Commitments, Revolving Exposure and Term Loans held by each Permitted Affiliated Lender shall not be included in determining whether the requisite Lenders have taken or may take any action hereunder (including any consent to any amendment or waiver pursuant to Section 9.02); provided that any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender which affects such Permitted Affiliated Lender (in its capacity as a
Lender) differently than other affected Lenders shall require the consent of such Permitted Affiliated Lender. It is understood and agreed that, in each Assignment and Assumption executed by a Permitted Affiliate, such Permitted Affiliate shall (x) indicate to the counterparty to such Assignment and Assumption that such Permitted Affiliate is an Affiliate of the Borrower and (y) represent and warrant to the counterparty to such Assignment and Assumption that, after giving effect to the assignment of Revolving Commitments, Revolving Exposure or Term Loans, as the
case may be, to be effected by such Assignment and Assumption, (x)lthe aggregate principal amount of Term Loans held by all Permitted Affiliated
Lenders shall not exceed 10% of the aggregate principal amount of the Term Loans as of the Effective Date or (y) the aggregate amount of the Revolving Exposure and unused Revolving Commitments  (or, in each case, participations  therein) held by all Permitted Affiliated Lenders does not exceed the lesser of (x) $10,000,000 and (y) 33 1/3% of the  aggregate amount of the Revolving Exposure and unused Revolving Commitments at such time (it being understood and agreed that each Lender that is not a Permitted Affiliated Lender shall be a third party beneficiary of such Assignment and Assumption with respect to the representation and warranty set forth in this clause (y)).

SECTION 2.  Conditions Precedent to the Effectiveness  of the Amendment.  This Amendment shall become effective on the date first written above upon the satisfaction (or waiver by the Lenders party hereto) of the following conditions:

(a)The Administrative Agent shall have received from each existing Revolving Lender and each other party hereto either (A) a counterpart of this Amendment signed on behalf of such party or (B) written evidence satisfactory to the Lenders party hereto (which may include facsimile or electronic transmission (including
Adobe pdf file) of a signed signature page of this Amendment) that such party has signed a counterpart of this Amendment.

(b)The representations and warranties of TopCo and each Loan Party set forth in the Loan Documents (including this Amendment) that are qualified by "materiality", "Material Adverse Effect" or similar language shall be true and correct,
and the representations and warranties that are not so qualified shall be true and correct in all material respects, in each case on and as of the effective date of this Amendment
(other than with respect to any representation and warranty that expressly relates to an earlier date, in which case such representation and warranty shall be true and correct, or true and correct in all material respects, as the case may be, as of such earlier date).

(c)At the time of and immediately after giving effect to the effectiveness of this Amendment, no Default shall have occurred and be continuing.

SECTION 3. Representations  and Warranties.  Each of TopCo, Parent, the Borrower and the other Loan Parties hereto hereby represents and warrants to the Administrative Agent and the Lenders party hereto that:

(a)Each of TopCo and the Loan Parties has all corporate or other organizational power and authority to execute, deliver and perform its obligations under this Amendment.

(b)The Amendment has been duly authorized by all necessary corporate or other organizational action.  This Amendment has been duly authorized, executed and delivered by it and constitutes a legal, valid and binding obligation of TopCo, Parent, the Borrower and each other Loan Party, enforceable against each of them in accordance  with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors' rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

(c)The representations and warranties of TopCo and each Loan Party set forth in the Loan Documents (including this Amendment) that are qualified by "materiality", "Material Adverse Effect" or similar language are true and correct, and the representations and warranties that are not so qualified are true and correct in all material respects, in each case on and as of the date hereof (other than with respect to any representation and warranty that expressly relates to an earlier date, in which case such representation and warranty shall be true and correct, or true and correct in all material respects, as the case may be, as of such earlier date).

		
	(d)
	No Default exists or would result from the Amendment.

SECTION 4.  Reaffirmation.  Each of TopCo and the Loan Parties hereby acknowledges that it expects to receive substantial direct and indirect benefits as a result

of this Amendment and the transactions contemplated hereby.  Each of TopCo and each Loan Party hereby consents to this Amendment and the transactions contemplated hereby, and hereby (a) reaffirms and confirms its guarantees, pledges, grants and other commitments and obligations, as applicable, under the Loan Documents to which it is party, (b) affirms and confirms its obligations to indemnify and other commitments and obligations under the Loan Documents to which it is a party, and (c) agrees that, notwithstanding the effectiveness of this Amendment and the transactions contemplated hereby, (i) the Loan Documents to which it is a party, as amended supplemented and otherwise modified hereby, shall continue to be in full force and effect and (ii) all guarantees, pledges, grants and other obligations thereunder shall continue to be in full force and effect and shall accrue to the benefit of the Secured Parties.

SECTION 5.  Credit Agreement.  Except as expressly set forth herein, this Amendment (a) shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect the rights and remedies of the Lenders, the Administrative Agent, Parent, the Borrower or any other Loan Party under the Credit Agreement or any other Loan Document, and (b) shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document, all of which are ratified and affirmed in all                 respects and shall continue in full force and effect. Nothing herein shall be deemed to entitle Parent, the Borrower or any other Loan Party to any future consent to, or waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document in similar or different circumstances.  After the date this Amendment becomes effective, any reference in the Loan Documents to the Credit Agreement shall mean the Credit
Agreement as modified hereby.

SECTION 6. Applicable Law; Waiver of Jury Trial. (a)THIS AMENDMENT AND ANY 

CLAIMS, CONTROVERSY, DISPUTE OR CAUSE
OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AMENDMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

(b)    EACH PARTY HERETO HEREBY AGREES AS SET FORTH IN SECTION 9.10 OF THE CREDIT AGREEMENT AS IF SUCH SECTION WERE SET FORTH IN FULL HEREIN.

SECTION 7.  Counterparts; Amendment.  This Amendment may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract.  Delivery of an executed counterpart of a signature page of this Amendment by facsimile transmission or other electronic imaging shall be effective as delivery of a manually executed counterpart of this Amendment.  This Amendment may not be amended nor may any provision hereof be waived except pursuant to a writing signed by Parent, the Borrower, the Administrative Agent and each Lender party hereto.

SECTION 8. Headings.  The Section headings used herein are for convenience of reference only, are not part of this Amendment and are not to affect the construction of, or to be taken into consideration in interpreting, this Amendment.

SECTION 9.  Construction.  The rules of construction specified in Section
I.02 of the Credit Agreement also apply to this Amendment.

[Signature Pages Follow]

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their respective authorized officers as of the day and year first written above.

	
		
	ASPECT SOFTWARE PARENT, INC.,

	By

	 
	/s/ Robert J. Krakauer

	 
	Name:   Robert J. Krakauer

	 
	Title:   President

	
		
	ASPECT SOFTWARE, INC., as Borrower

	By

	 
	/s/ Robert J. Krakauer

	 
	Name:   Robert J. Krakauer

	 
	Title:   Chief Financial Officer

	
		
	ASPECT SOFTWARE GROUP HOLDINGS LTD.,

	By

	 
	/s/ Robert J. Krakauer

	 
	Name:   Robert J. Krakauer

	 
	Title:   Chief Financial Officer

	
		
	DAVOX INTERNATIONAL HOLDINGS LLC,

	By

	 
	/s/ Robert J. Krakauer

	 
	Name:   Robert J. Krakauer

	 
	Title:   President

	
		
	JPMORGAN CHASE BANK, N.A., as Administrative Agent,

	By 

	 
	/s/ Goh Siew Tan

	 
	Name: Goh Siew Tan

	 
	Title: Vice President

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