Document:

Exhibit 10.3

 

EXECUTION
COPY

 

OMNIBUS
AMENDMENT AND WAIVER

 

This
OMNIBUS AMENDMENT AND WAIVER (this “Amendment”) is made as of October 22, 2017 by and between Straight Path Communications
Inc., a Delaware corporation (the “Company”), the undersigned Lenders (as defined below), and Clutterbuck Capital
Management, LLC, as collateral agent under the Security Agreement (as defined below) (the “Collateral Agent” and together
with the undersigned Lenders, the “Lender Parties”). Each of the Company and the Lender Parties also are sometimes
referred to herein individually as a “Party”, and collectively as the “Parties”.

 

W
I T N E S S E T H:

 

WHEREAS,
on February 6, 2017, the Lenders made a loan to the Company in the original aggregate principal amount of US$17,500,000 (the “Loan”);

 

WHEREAS,
the Loan was made pursuant to the following documents: (i) that certain Loan Agreement (the “Loan Agreement”), dated
February 6, 2017, by and between the Company and lenders set forth on Schedule A thereto (collectively, the “Lenders”),
(ii) those certain secured promissory notes, dated February 6, 2017, by the Company in favor of each of the Lenders (the “Notes”),
(iii) those certain warrants to purchase Class B Common Stock of the Company, originally issued to each of the Lenders on February
6, 2017 (the “Initial Warrants”), (iv) that certain Security Agreement, dated February 6, 2017, by and between the
Company and its subsidiaries set forth therein and the Collateral Agent (the “Security Agreement”), and (v) that certain
Intellectual Property Security Agreement, dated February 6, 2017, by the Company and its subsidiaries set forth therein in favor
of the Lenders (the “IP Security Agreement”);

 

WHEREAS,
pursuant to Section 4(a) of the Notes, on each of July 1, August 1, September 1 and October 1, 2017, the Company issued certain
Additional Warrants (as defined in the Notes) to each of the Lenders (the Initial Warrants, together with such Additional Warrants,
are referred to herein as the “Outstanding Warrants”); and the Loan Agreement, the Notes, the Security Agreement,
the IP Security Agreement and Outstanding Warrants are sometimes referred to herein as the “Loan Documents”;

 

WHEREAS,
on the date hereof, the current outstanding aggregate principal amount of the Loan is $12,375,433 as set forth on Schedule
A hereto setting forth the name of each Lender, the principal amount outstanding under the Notes issued to each Lender, and
the Outstanding Warrants issued to each Lender;

 

WHEREAS,
prior to the maturity of the Notes, the Company intends to engage in a sale of the equity interests in, or assets of, Straight
Path IP Group, Inc. (“SPIPG”), a subsidiary of the Company and the settlement of certain claims with IDT Corporation
(collectively, the “SPIPG Sale”);

 

WHEREAS,
the Company and undersigned Lenders wish to amend certain of the Loan Documents, and provide for a waiver and release under the
Security Agreement and IP Security Agreement, as more specifically set forth herein.

 

     

     

    

 

NOW,
THEREFORE, in consideration of the covenants, promises and representations set forth herein, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows.

 

I.
PROMISSORY NOTES

 

1.1
The defined term “Maturity Date” in the Notes is hereby amended to replace “December 29, 2017” with
the following:

 

“the
earlier of (i) March 31, 2018 or (ii) the consummation of the Merger (as defined in the Merger Agreement) contemplated by the
Agreement and Plan of Merger (the “Merger Agreement”) among the Company, Verizon Communications, Inc. and Waves Merger
Sub I, Inc., dated as of May 11, 2017”.

 

1.2
For avoidance of doubt, the Parties hereby acknowledge that:

 

(i)
 any references to the “Maturity Date” in the Loan Documents shall be deemed to refer to the Maturity Date, as
amended by Section 1.1 of this Amendment and Waiver;

 

(ii)
 the interest rate specified in Section 2(a) of the Notes shall remain ten percent (10.0%) per annum until the date that
the outstanding principal amount under the Notes is paid in full, and interest shall continue to accrue and be paid by the Company
on the dates set forth in Section 2(a) of the Notes and otherwise in accordance with the terms of the Notes; and

 

(iii)
 the Company’s obligations to issue Additional Warrants pursuant to Section 4(a) of the Notes shall not be modified
by the amendment in Section 1.1 of this Amendment and Waiver, and, accordingly, there shall be no Additional Warrant Issue Date
(as defined in the Notes) that is later than December 1, 2017.

 

II.
SECURITY AGREEMENT AND IP SECURITY AGREEMENT.

 

2.1
Pursuant to Section 10 and Section 11(d) of the Security Agreement, the undersigned Lenders hereby direct the Collateral
Agent to, and the Collateral Agent hereby does:

 

(i)
 consent to the SPIPG Sale;

 

(ii)
 solely with respect to the SPIPG Sale, waive the requirements of Section 9(d) of the Security Agreement regarding the payment
and application of any proceeds in excess of $8,500,000 from the SPIPG Sale; and

 

(iii)
 upon consummation of the SPIPG Sale, fully and unconditionally release any and all liens on the assets of, and equity interests
in, SPIPG that the Lenders have pursuant to the Security Agreement and IP Security Agreement.

 

    	 	2	 

     

    

 

2.2 Each
undersigned Lender agrees that, from time to time and solely at the expense of the Company, such Lender shall, upon the reasonable
request of the Company, promptly execute and deliver all further instruments and documents, and take all further action, in their
own names or on behalf of the Lenders, that may be reasonably necessary or desirable in order to terminate the Lenders’
security interest in SPIPG, including but not limited to promptly filing UCC-3 amendments or terminations to financing statements
with the Secretary of State of Delaware.

 

2.3 In
connection with the foregoing, each undersigned Lender hereby names and irrevocably constitutes and appoints the Company, with
the full power of substitution therein, as such Lender’s true and lawful attorney-in-fact solely for the purpose of filing
with the Secretary of State of Delaware such financing statements as are necessary to terminate the Lenders’ security interest
in SPIPG.

 

III.
WARRANTS.

 

3.1 Notwithstanding
anything to the contrary in Section 3 of the Outstanding Warrants, upon consummation of the Merger, to the extent that there is
an outstanding amount under the Note corresponding to Outstanding Warrants, without any further required action on the part of
any Lender, any Warrantholder (as defined in the Outstanding Warrants), the Company or any other party, all Outstanding Warrants
shall be deemed to have been automatically exercised in full by cashless exercise in accordance with the provisions set forth
in Section 3 of the Outstanding Warrants, and as a result (i) the holders of the Outstanding Warrants shall be entitled to receive,
for each share of Class B Common Stock issuable upon such cashless exercise, the Per Share Merger Consideration (as defined in
the Merger Agreement) in respect of the shares of Class B Common Stock in accordance with the provisions of the Merger Agreement,
and (ii) the amount of principal and interest outstanding under the Notes corresponding to the Outstanding Warrants shall be reduced
in accordance with the terms of such Notes. The Company acknowledges that it will provide the Warrantholders with prior notice
of the consummation of the Merger in accordance with the terms of Section 3(e) of the Outstanding Warrants, including information
as to the portion of the Outstanding Warrants that will be deemed to be automatically exercised pursuant to this Section 3.1.

 

3.2 Notwithstanding
anything to the contrary in Section 3 of the Initial Warrants, prior to the consummation of the Merger, each Warrantholder shall
be entitled to elect, solely at the discretion of the Warrantholder, to exercise any Initial Warrants held by such Warrantholder
(i) by cashless exercise in accordance with their terms, or (ii) by paying the applicable Warrant Price (as defined in the Initial
Warrants) per share by cash, certified check or wire transfer of funds (in which case such exercise will not result in any corresponding
reduction of the principal and interest outstanding under the corresponding Note).

 

IV.
REPRESENTATIONS AND WARRANTIES.

 

4.1.
Each Lender Party hereby, as to itself only and for no other Lender Party, represents and warrants to the Company, severally and
not jointly, that (a) this Amendment and Waiver has been duly authorized, executed and delivered by or on behalf of such Lender
Party, (b) this Amendment and Waiver constitutes the legal, valid and binding obligation of such Lender Party, enforceable against
such Lender Party in accordance with its terms, except (i) as such enforceability may be limited by (A) general principles of
equity or applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or similar laws relating to, or affecting
generally, the enforcement of applicable creditors’ rights and remedies and (B) laws relating to the availability of specific
performance, injunctive relief or other equitable remedies and (ii) insofar as indemnification and contribution provisions may
be limited by applicable law.

 

    	 	3	 

     

    

 

4.2 The
Company hereby represents and warrants to the Lender Parties that the Company has all corporate right, power and authority to
enter into this Amendment and Waiver and to perform its obligations as contemplated hereby, and this Amendment and Waiver has
been duly executed and delivered by the Company and constitutes a legal, valid and binding obligation of the Company, enforceable
against the Company in accordance with its terms, subject to laws of general application relating to bankruptcy, insolvency and
the relief of debtors and rules of law governing specific performance, injunctive relief or other equitable remedies, and to limitations
of public policy.

 

V.
MISCELLANEOUS

 

5.1 Except
as expressly set forth in this Amendment and Waiver, all of the Loan Documents shall remain in full force and effect, provided
that, such Loan Documents shall be deemed amended as necessary to reflect the provisions of this Amendment and Waiver.

 

5.2 Within
three (3) business days following consummation of the SPIPG Sale, the Company shall pay the Lenders $8,500,000 (the “Amendment
Loan Payment”) that will reduce the aggregate outstanding principal amount of the Loan by the amount of the Amendment Loan
Payment. Upon execution of this Amendment, the Company shall (i) pay the Lenders an amendment fee of $38,754 (which is equal to
one percent (1%) of the aggregate outstanding principal amount of the Loan on the date hereof, after giving effect to the Amendment
Loan Payment) (the “Amendment Fee”), and (ii) reimburse the Lenders for legal fees incurred in connection with this
Amendment in an amount of up to $8,000. The Amendment Fee shall be payable as follows: (a) 25% of the aggregate Amendment Fee
will be payable to CF Special Situation Fund I, LP and CF Special Situation Fund II, LP (collectively, the “Lead Parties”),
allocated as follows: (I) 23.5% to CF Special Situation Fund I, LP and (II) 1.5% to CF Special Situation Fund II, LP, and then
(b) the remaining 75% of such aggregate Amendment Fee will be payable to all Lenders (including the Lead Parties) based on each
Lender’s pro rata portion of the aggregate outstanding principal amount of the Loan on the date hereof.

 

5.3
NOTWITHSTANDING THE PLACE WHERE THIS AMENDMENT AND WAIVER MAY BE EXECUTED BY ANY OF THE PARTIES HERETO, THE PARTIES EXPRESSLY
AGREE THAT ALL THE TERMS AND PROVISIONS HEREOF SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF
NEW YORK WITHOUT REGARD TO SUCH STATE’S PRINCIPLES OF CONFLICTS OF LAW. IN THE EVENT THAT A JUDICIAL PROCEEDING IS NECESSARY,
THE SOLE FORUM FOR RESOLVING DISPUTES ARISING OUT OF OR RELATING TO THIS AMENDMENT AND WAIVER IS THE SUPREME COURT OF THE STATE
OF NEW YORK IN AND FOR THE COUNTY OF NEW YORK OR THE FEDERAL COURTS FOR SUCH STATE AND COUNTY, AND ALL RELATED APPELLATE COURTS,
THE PARTIES HEREBY IRREVOCABLY CONSENT TO THE JURISDICTION OF SUCH COURTS AND AGREE TO SAID VENUE. THE PARTIES HERETO AGREE TO
WAIVE THEIR RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AMENDMENT AND
WAIVER, OR ANY DOCUMENT OR AGREEMENT CONTEMPLATED HEREBY OR THEREBY. THE PARTY PREVAILING THEREIN SHALL BE ENTITLED TO PAYMENT
FROM THE OTHER PARTY HERETO OF ALL OF ITS REASONABLE COUNSEL FEES AND DISBURSEMENTS.

 

5.4
This Amendment and Waiver may be executed and delivered in one or more identical counterparts, and delivered via facsimile or
e mail (PDF format) transmission, each of which when executed will be deemed to be an original but all of which taken together
shall constitute one and the same agreement.

 

[Balance
of page intentionally left blank]

 

    	 	4	 

     

    

 

IN
WITNESS WHEREOF the Parties have signed this Amendment and Waiver in one or more counterparts as of the date first appearing above.

 

STRAIGHT
PATH COMMUNICATIONS, INC.

 

	By:	/s/
    Jonathan Rand	 
	Name: 	Jonathan Rand	 
	Title:	Chief Financial Officer	 

 

    	 	5	 

     

    

 

Lenders:

 

CF
SPECIAL SITUATION FUND I LP

 

	By:	/s/
    Robert     T. Clutterbuck	 
	Name: 	Robert
T. Clutterbuck	 
	Title:	Managing Partner	 

 

CF
SPECIAL SITUATION FUND II LP

 

	By:	/s/
    Robert     T. Clutterbuck	 
	Name: 	Robert
T. Clutterbuck	 
	Title:	Managing Partner	 

 

    	 	6	 

     

    

 

	/s/ Robert
    C. Clutterbuck	 
	ROBERT C. CLUTTERBUCK TRUST U/A 08/31/2010

    ROBERT C CLUTTERBUCK TTEE	 

 

	/s/ Robert
    T. Clutterbuck	 
	ROBERT T. CLUTTERBUCK TRUST U/A 11/07/1994

    ROBERT T CLUTTERBUCK TTEE	 

 

	/s/ Robert
    T. Clutterbuck	 
	ROBERT T. CLUTTERBUCK TTEE

    EUGENE T BAKER MRTL TR.	 

 

    	 	7	 

     

    

 

ANCORA
MERLIN INSTITUTIONAL, LP

 

	By:	/s/ Bradley
Zucker	 	By:	/s/ Brian Hopkins
	Name: 	Bradley Zucker	 	Name: 	Brian Hopkins
	Title:	VP	 	Title:	VP

 

ANCORA
MERLIN, LP

 

	By:	/s/ Bradley
Zucker	 	By:	/s/ Brian Hopkins
	Name: 	Bradley Zucker	 	Name: 	Brian Hopkins
	Title:	VP	 	Title:	VP

 

ANCORA
CATALYST INSTITUTIONAL, LP

 

	By:	/s/ Bradley
Zucker	 	By:	/s/ Brian Hopkins
	Name: 	Bradley Zucker	 	Name: 	Brian Hopkins
	Title:	VP	 	Title:	VP

 

ANCORA
CATALYST, LP

 

	By:	/s/ Bradley
Zucker	 	By:	/s/ Brian Hopkins
	Name: 	Bradley Zucker	 	Name: 	Brian Hopkins
	Title:	VP	 	Title:	VP

 

    	 	8	 

     

    

 

	/s/
Kim Crane & Ryan Crane	 
	KIM CRANE & RYAN CRANE JT	 

 

    	 	9	 

     

    

 

	/s/ Michael
    J. Endres	 
	MICHAEL J. ENDRES REVOCABLE TRUST	 
	U/A 12/11/86 AS AMENDED	 
	MICHAEL J. ENDRES THEN ACTING TTEE	 

 

    	 	10	 

     

    

 

	/s/ David
    R. Meuse	 
	DAVID R. MEUSE TRUST U/A 5/16/1978 AS AMENDED

    DAVID R. MEUSE TTEE	 

 

    	 	11	 

     

    

 

	/s/
    Bradley L. Pospichel 	 
	BRADLEY L. POSPICHEL	 

 

    	 	12	 

     

    

 

	/s/
    Ronald D. Brooks 	 
	RONALD D. BROOKS	 

 

    	 	13	 

     

    

 

CHARLES
D. MIRES ROLLOVER IRA

 

	By:	/s/ Charles
    D. Mires	 
	Name: 	Charles
D. Mires	 
	Title:	N/A	 

 

    	 	14	 

     

    

 

CLUTTERBUCK
CAPITAL MANAGEMENT, LLC, as Collateral Agent

 

	By:	/s/ Robert T.
    Clutterbuck	 
	Name: 	Robert T. Clutterbuck	 
	Title:	Managing Partner	 

 

    	 	15	 

     

    

 

SCHEDULE
A

 

[TO
BE INCLUDED]

 

 

16Exhibit 10.5

 

CONFIDENTIAL

EXECUTION VERSION

 

SETTLEMENT AGREEMENT AND RELEASE

 

This Settlement Agreement
and Release (this “Agreement ”) is made this 24th day of October, 2017, by and among Straight Path Communications
Inc. (“Straight Path”), IDT Corporation (“IDT”), PR-SP IP Holdings LLC (“Assignee”),
and Straight Path IP Group, Inc. (“SPIP”). Each of Straight Path, IDT, Assignee and SPIP is a “Party”
under this Agreement, and together they constitute the “Parties.”

 

WHEREAS, on July 31, 2013,
IDT and Straight Path entered into a Separation and Distribution Agreement (the “Separation Agreement”), to
effect a separation of Straight Path and IDT (the “Spinoff”), which provides in Article VI thereof that, in
certain circumstances, IDT shall indemnify Straight Path and its subsidiaries for certain claims, and in certain other circumstances,
Straight Path shall indemnify IDT and its subsidiaries for certain other claims.

 

WHEREAS, on January 11, 2017,
the Enforcement Bureau of the Federal Communications Commission (the “FCC”) entered into a Consent Decree with
Straight Path and Straight Path Spectrum, LLC (“SPS LLC”) to resolve an FCC investigation into allegations that
Straight Path and SPS LLC violated the FCC’s buildout and discontinuance rules in connection with certain SPS LLC licenses
(the “Consent Decree”). Among other things, the Consent Decree requires Straight Path and SPS LLC to submit
for cancellation certain of SPS LLC’s licenses and pay the FCC certain civil penalties.

 

WHEREAS, on March 7, 2017,
Straight Path and Charles Frischer, on behalf of the Settlement Class (as defined therein), executed a Memorandum of Understanding
(the “MOU”) to settle claims asserted on behalf of a putative class against Straight Path concerning allegations
that Straight Path and SPS LLC violated the FCC’s buildout and discontinuance rules in connection with certain SPS LLC licenses
(the “Securities Claims”).

 

WHEREAS, Straight Path advised
IDT that it intended to assert a claim for indemnification against IDT pursuant to the Separation Agreement for its (and SPS LLC’s)
losses (including the payment of civil penalties) arising from or relating to the FCC investigation, the Consent Decree, the Securities
Claims and the MOU.

 

WHEREAS, IDT has denied that
Straight Path has any basis to be indemnified by IDT for its (or SPS LLC’s) losses arising from the FCC investigation, the
Consent Decree, the Securities Claims and the MOU because, among other reasons, (i) the Separation Agreement does not provide for
any indemnification to Straight Path for losses relating to the operation of Straight Path’s business, (ii) the conduct resulting
in the Consent Decree was the result of Straight Path’s own conduct, (iii) the asserted liabilities are not IDT liabilities
under the terms of the Separation Agreement, and (iv) Straight Path failed to follow the procedure set forth in the Separation
Agreement for any recovery thereunder.

 

WHEREAS, IDT advised
Straight Path that it has incurred certain costs and may incur further costs for which it believes it is entitled to be
indemnified by Straight Path under the Separation Agreement, and would seek to recover those costs by filing counterclaims
against Straight Path in the event Straight Path were to commence litigation or arbitration against IDT.

 

    	 		 

    

    

 

WHEREAS, Straight Path has
denied that IDT has any basis to be indemnified by Straight Path for any costs it has incurred, or any basis to assert counterclaims,
because, among other reasons, (i) the Separation Agreement does not provide for any indemnification to IDT for losses arising from
conduct that took place prior to the Spinoff; (ii) the conduct resulting in the Consent Decree was the result of IDT’s own
conduct; (iii) the asserted liabilities are not Straight Path liabilities under the terms of the Separation Agreement, and (iv)
Straight Path correctly followed the procedure set forth in the Separation Agreement for any recovery thereunder.

 

WHEREAS, considering the
risks and uncertainties associated with litigation and arbitration, and considering the potentially substantial costs of any such
proceeding, the Parties have determined that it is in the best interests of IDT, IDT’s stockholders, Straight Path and Straight
Path’s stockholders for the Parties to fully and finally settle this dispute, on and subject to the terms and conditions
set forth herein.

 

NOW, THEREFORE, in consideration
of the foregoing and the covenants and agreements contained herein, the receipt and sufficiency of which is hereby acknowledged,
and the payment and releases granted herein, and intending to be legally bound hereby, the Parties hereby agree as follows:

 

 1. Mutual Release.

 

		(a)	In consideration of the covenants and agreements contained herein, Straight Path, effective as
of the Effective Date (as defined in Section 3), forever releases, holds harmless, relinquishes, acquits, settles, and discharges
IDT, its affiliates and IDT’s and its affiliates’ members, consultants, affiliates, officers, directors, employees,
attorneys, agents, subsidiaries, general partners, limited partners, partnerships, successors and assigns (in each case, solely
in such persons’ capacities as such with respect to IDT) from any and all claims, rights, causes of action, suits, obligations,
damages and liabilities, known or unknown (including but not limited to claims, rights, causes of action, suits, obligations, damages
and liabilities under Article VI of the Separation Agreement arising from, based on or relating to any FCC investigation (of either
Straight Path or IDT), the Consent Decree, the Securities Claims and the MOU), any class action or derivative action or any other
claim, threatened or otherwise, known or unknown, arising from any action by IDT, its affiliates, subsidiaries, officers or directors,
provided that such release does not release any party’s obligations under (i) the Tax Separation Agreement between
IDT and Straight Path, dated July 31, 2013, (ii) this Agreement, (iii)  
the Exchange Agreement (as defined in Section 4(a) below), (iv) the SPIP LLC Operating Agreement (as defined in Section 4(c) below),
(v) the Redemption Agreement (as defined in Section 4(d) below), or (vi) the Stock Transfer Agreement (as defined in Section 4(d)
below).

 

    	 	2	 

    

    

 

		(b)	In consideration of the covenants and agreements contained herein, IDT, effective as of the Effective
Date, forever releases, holds harmless, relinquishes, acquits, settles, and discharges Straight Path, its affiliates and Straight
Path’s and its affiliates’ members, consultants, affiliates, officers, directors, employees, attorneys, agents, subsidiaries,
general partners, limited partners, partnerships, successors and assigns (in each case, solely in such persons’ capacities
as such with respect to Straight Path) from any and all claims, rights, causes of action, suits, obligations, damages and liabilities,
known or unknown (including but not limited to claims, rights, causes of action, suits, obligations, damages and liabilities under
Article VI of the Separation Agreement arising from, based on or relating to any FCC investigation (of either Straight Path or
IDT), the Consent Decree, the Securities Claims or the MOU), any class action or derivative action or any other claim, threatened
or otherwise, known or unknown, arising from any action by Straight Path, its affiliates, subsidiaries, officers or directors,
provided that such release does not release any party’s obligations under (i)  
the Tax Separation Agreement between IDT and Straight Path, dated July 31, 2013, (ii) this Agreement, (iii) the Exchange Agreement
(as defined in Section 4(a) below), (iv) the SPIP LLC Operating Agreement (as defined in Section 4(c) below), (v) the Redemption
Agreement (as defined in Section 4(d) below), or (vi) the Stock Transfer Agreement (as defined in Section 4(d) below).

 

		(c)	Straight Path and IDT acknowledge that the foregoing releases were separately bargained for and are an essential element of
this Agreement.

 

2. Validity of Release. Straight Path and IDT acknowledge that they may discover facts that are additional to or different
from those that they now know or believe to be true, including, without limitation, facts regarding the FCC investigation, Consent
Decree, Securities Claims or the MOU. Nonetheless, except as expressly set forth in this Agreement, it is the intent of Straight
Path and IDT to fully and finally compromise and settle all claims by and between Straight Path and IDT. To effectuate that intention,
the releases set forth herein shall remain full and complete releases, even if additional or different facts are discovered by
Straight Path or IDT. After consultation with their respective counsel, Straight Path and IDT expressly waive and relinquish, to
the fullest extent permitted by law, the provisions, rights, and benefits conferred by any law of any state or territory of the
United States, or principle of common law, or international or foreign law, that is similar, comparable, or equivalent to Section
1542 of the Civil Code of the State of California, 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.

  

3. Payment. In consideration of the releases set forth in Section 1, in full settlement of any potential claims, and in full
settlement of claims asserted against IDT by Straight Path and claims asserted against Straight Path by IDT, (i) contemporaneously
with the execution of this Agreement, IDT shall pay in cash to Straight Path (or, as determined by Straight Path, to Straight Path
as agent for certain of its subsidiaries) $6,000,000 for a transfer of shares and $10,000,000 as a portion of the consideration
being paid for settlement of the claims (the “Settlement Payment”) – the aggregate amount in cash being
$16,000,000 (the “Aggregate Cash Payment”), (ii) in accordance with Section 4(d) hereof, Straight Path shall
transfer six hundred twenty-five (625) shares of common stock of New SPIP (as defined in Section 4(a)) to IDT or, if directed by
IDT, to Assignee, and (iii) in accordance with Section 4(d) hereof, IDT or Assignee, as the case may be, and Straight Path shall
cause New SPIP to transfer the Class B Interest (used herein as defined in the SPIP LLC Operating Agreement) to Straight Path.
For U.S. federal and state income tax purposes, (x) $10,000,000 of the Aggregate Cash Payment made by IDT is in settlement of various
claims and shall be reported by IDT and Straight Path as a tax-free contribution to capital by IDT to Straight Path effective prior
to the Spinoff, and (y) $6,000,000 of the Aggregate Cash Payment shall be allocated to the transfer of shares of New SPIP stock
by Straight Path to IDT or (at the direction of IDT) Assignee, and, in each case, neither IDT, Straight Path nor Assignee shall
take any position inconsistent therewith on any tax return (including any amendment or claim for refund) or in connection with
any tax or audit proceeding absent a final determination by a court to the contrary. The Aggregate Cash Payment shall be made by
IDT in immediately available funds to the account shown on Exhibit A contemporaneously with the execution of this Agreement.
Subject to the terms and conditions of this Agreement, the transfer of shares of New SPIP common stock by Straight Path to IDT
or Assignee, as the case may be, and the other transactions contemplated by this Agreement shall be effective on the dates mutually
determined by the Parties in accordance with Section 4 below (the latest of such dates, the “Effective Date”).

 

 4. Class B Interest and Other Consideration.

 

		(a)	Creation of New Company. Prior to the date hereof, Straight Path formed Straight Path IP
Group Holding Inc., a Delaware corporation (“New SPIP”), and contemporaneously with the execution of this Agreement,
each of Straight Path and IDT or Assignee, as the case may be, shall transfer all of their shares of SPIP stock, representing all
of the issued and outstanding shares of capital stock of SPIP, to New SPIP in exchange for an equivalent number of shares of New
SPIP common stock pursuant to that certain Exchange Agreement to be entered into among Straight Path, IDT or Assignee, all holders
of shares of SPIP stock other than Straight Path and IDT or Assignee, as the case may be (the “Minority Stockholders”)
and New SPIP on the date hereof in the form attached hereto as Exhibit B (the “Exchange Agreement”).

 

    	 	3	 

    

    

 

		(b)	Conversion of SPIP into a Limited Liability Company. Promptly following, and as part of
the same plan as, the formation of New SPIP and the transfers of SPIP stock described in Section 4(a) hereof, SPIP shall, and New
SPIP, Straight Path and IDT or Assignee, as the case may be, shall cause SPIP to, convert from
a Delaware corporation to a Delaware limited liability company (“SPIP LLC”) and New SPIP shall adopt the operating
agreement attached hereto as Exhibit C as the initial operating agreement of SPIP LLC. The Parties intend for (i) the exchange
of all the outstanding capital stock of SPIP for identical shares of capital stock of New SPIP pursuant to the Exchange Agreement,
taken together with such conversion of SPIP, to qualify as a reorganization under Section 368(a)(1)(F) of the Internal Revenue
Code of 1986, as amended, (ii) SPIP LLC to initially be classified as a disregarded entity and, following the transfer of the Class
B Interest, as described in Section 4(d) hereof, to be classified as a partnership that is not taxable as a corporation, in each
case for U.S. federal and state income tax purposes, and (iii) this Agreement, together with the related documents attached as
Exhibits hereto, to constitute a plan of reorganization within the meaning of Treasury Regulation § 1.368-2(g). For purposes
of this Agreement, the terms “SPIP” and “SPIP LLC” may be used interchangeably to refer to the same entity
and shall have no distinguishing effect on the rights and obligations set forth herein with respect to “SPIP” or “SPIP
LLC.”

 

		(c)	Adoption of Amended and Restated LLC Operating Agreement. On the business day immediately
following the conversion of SPIP to SPIP LLC as described in Section 4(b) hereof, SPIP LLC shall adopt the amended and restated
operating agreement (the “SPIP LLC Operating Agreement”) attached hereto as Exhibit D, providing for,
among other things, (i) the holding, assertion, defense and prosecution of the “Current Patent Portfolio,” which
shall consist of all patent rights, including all ownership, license or other rights in the patents held by SPIP as of the Effective
Date as listed on Exhibit E and (ii) the payment of 22% of any Net Recovery (as such term is defined in the SPIP LLC Operating
Agreement) in relation to the Current Patent Portfolio to the holder(s) of the Class B Interest.

 

		(d)	Transfer of Class B Interest; Redemption of New SPIP Stock; Sale of New SPIP to IDT. Promptly
following the adoption of the SPIP LLC Operating Agreement, as described in Section 4(c), each of Straight Path and IDT or Assignee,
as the case may be, shall cause New SPIP to transfer the Class B Interest to Straight Path in redemption of 220 shares of New SPIP
stock held by Straight Path pursuant to that certain Redemption Agreement that shall be entered into between New SPIP and Straight
Path immediately after the adoption of the SPIP LLC Operating Agreement in the form attached hereto as Exhibit F (the “Redemption
Agreement”). Straight Path shall promptly thereafter transfer six hundred twenty-five (625) shares in New SPIP, which
constitute all of the shares it then holds in New SPIP, to IDT (or a designee or assignee of IDT) pursuant to that certain Stock
Transfer Agreement that shall be entered into between Straight Path and IDT (or a designee or assignee of IDT) immediately after
the adoption of the SPIP LLC Operating Agreement in the form attached
hereto as Exhibit G (the “Stock Transfer Agreement”).

 

    	 	4	 

    

    

  

		(e)	Formation of Trust; Transfer of Class B Interest to the Trust. Contemporaneously with the
execution of this Agreement, Straight Path shall form a Delaware statutory trust (the “Trust”), and shall, promptly
following the completion of the steps described in Section 4(d) hereof, transfer the Class B Interest to the Trust. The independent
directors of Straight Path as of the Effective Date shall be named as the initial trustees of the Trust (in addition to any administrative
and/or Delaware trustees). If, for any reason, the independent directors of Straight Path are not the initial trustees of the Trust,
any replacement trustees must be third parties with no involvement in resolving the disputes underlying this Agreement and must
be approved by IDT or Assignee, such approval not to be unreasonably withheld, delayed or conditioned. Straight Path shall contribute
$4,500,000 to the Trust and thereafter Straight Path and its affiliates shall have no obligation to fund any additional amounts
to or on behalf of the Trust. None of IDT, Assignee, SPIP or Straight Path and its affiliates shall be liable for any expenses
of the Trust. The Parties intend for the beneficial interests in the Trust not to be treated or registered as securities under
federal or state securities laws, and Straight Path shall use its best efforts to comply with any and all obligations arising under
federal or state securities laws and regulations or imposed by the Securities and Exchange Commission in respect thereto.

 

5. Prosecution of
Patent Claims. SPIP LLC, IDT (or Assignee if IDT shall consummate an Assignment), and New SPIP, and their respective
successors and assigns shall use their commercially reasonable efforts to cause SPIP LLC to, assert, defend and prosecute all
patent rights (including all ownership, license or other rights) in the Current Patent Portfolio, except to the extent
that the relevant patents or claims are held to be invalid or the lawsuits may not be asserted in a commercially reasonable
manner. IDT and Assignee agree that IDT, Assignee or their respective affiliates will provide $20,000,000, in cash or
services to SPIP LLC (directly or through New SPIP) to be used for prosecuting and asserting the Current Patent Portfolio,
except if the relevant patents or claims are held to be invalid or the lawsuits may not be asserted in a commercially
reasonable manner. As described in the LLC Operating Agreement, SPIP LLC shall have the sole purpose of holding, asserting,
defending, and prosecuting the Current Patent Portfolio (and making the payments described herein). The Parties agree that no
more than $5,000,000 of the aforementioned $20,000,000 shall be in the form of services provided directly by IDT, Assignee or
any of their respective affiliates, employees or executives, except with the prior approval of the Trust, which approval
shall not be unreasonably withheld, delayed or conditioned.

 

    	 	5	 

    

    

 

6. Assignment
of Interests by IDT. Subject to Section 12 hereof, IDT (or Assignee) may assign its rights and interests in New SPIP to
an affiliate of IDT (or Assignee) or to a third party, except that neither IDT nor Assignee shall assign, transfer or
otherwise dispose of its rights or interests to a defendant in any lawsuit in which SPIP LLC (or any successor or assign) is
a plaintiff (or to any party against which SPIP LLC otherwise asserts a claim) without the Trust’s prior written
consent, unless the entire amount of the consideration or other value received in respect of such assignment, transfer or
disposal is credited as revenue in the calculation of Net Recovery for purposes of the Class B Interest and IDT or Assignee,
as the case may be, takes all actions necessary to allow the amount of the Net Recovery attributable to such consideration or
other value to be distributed to the holders of Class B Interests in accordance with the SPIP LLC Operating Agreement. In the
event that IDT or Assignee assigns its rights and interests in New SPIP to an assignee pursuant to this provision (an
“Assignment”), all of IDT’s or Assignee’s rights under Section 5 shall pass in full to the
relevant assignee and no longer belong to IDT or Assignee, as the case may be.

 

7. Valid and Binding Obligation. Each Party acknowledges that this Agreement, when executed and delivered by such Party, constitutes
a valid and binding obligation of such Party, enforceable in accordance with its terms.

 

8. 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. Each of the Parties represents and warrants
that:

 

		(a)	it has read this Agreement;

 

		(b)	it has been represented in the preparation, negotiation, and execution of this Agreement by independent legal counsel of its
own choice;

 

		(c)	it has negotiated this Agreement at arm’s length and in good faith;

 

		(d)	it understands the terms and consequences of this Agreement and of the releases this Agreement contains; and

 

		(e)	it is fully aware of the legal and binding effect of this Agreement.

 

9. Due Execution; Authority to Execute. Each Party represents that (i) all corporate actions on the part of such Party that
are necessary for the authorization, execution, delivery and performance of this Agreement have been taken; and (ii) the individual
signing this Agreement on its behalf has the authority to execute this Agreement, to grant the releases in this Agreement, and
to compromise and settle all of its claims and defenses relating to this matter. Each person signing this Agreement represents
that he or she has the authority to sign on behalf of the Party shown above his or her name.

 

10. No Admission. Each Party understands and agrees that this Agreement constitutes a compromise and settlement, and that neither
the Settlement Payment nor this Agreement, nor any of its terms and provisions, shall be deemed an admission or concession of
any liability, fault or wrongdoing, and that each Party has entered into this Agreement solely for the purpose of avoiding possible
litigation or arbitration. This Agreement shall in no event be construed or deemed (either expressly or implicitly) to be evidence
of or an admission or concession on the part of any Party with respect to any portion of any claim, or any fault or liability
or wrongdoing or damages of any nature whatsoever, or any deficiency of any kind in any defense any Party may have. Moreover,
neither the Settlement Payment, nor this Agreement, nor any of its terms and provisions can be used in any action or proceeding
of any kind for any purpose whatsoever except to the extent necessary to enforce this Agreement or seek redress for any breach
thereof.

 

    	 	6	 

    

    

 

11. Successors and Assigns; Third Party Beneficiaries. This Agreement and the respective rights and obligations of the Parties
hereunder will inure to the benefit of, and be binding upon, their respective successors, assigns, heirs and legal and personal
representatives. The Parties hereby acknowledge and agree that the Trust shall be considered a third party beneficiary for purposes
of this Agreement, with the right to enforce all of the rights of Straight Path and SPIP under this Agreement.

 

12. Assignment. Except in connection with (i) an assignment by IDT of all of its rights and interests in New SPIP to an affiliate
of IDT or to a third party in accordance with Section 6 hereof or (ii) an assignment by Assignee of all of its rights and interests
in New SPIP under Section 5 to an affiliate of Assignee or to a third party in accordance with Section 6 hereof, no Party shall
assign, transfer or delegate its rights or obligations under this Agreement without the prior written consent of the other Parties.
In the event of any assignment, transfer or delegation, the assigning, transferring or delegating Party shall remain liable to
the other Parties and shall not be relieved of any obligation hereunder (except in the case of an Assignment by IDT to Assignee,
in which case IDT's rights and obligations under Section 5 shall pass in full to Assignee and no longer belong to IDT).

 

 13. Representations; Warranties and Covenants:

 

		(a)	Organization and Authority. Each of the Parties is duly organized and validly existing under
the laws of the jurisdiction of its formation with all necessary corporate or similar organizational power and authority to execute
and deliver this Agreement and to carry out its obligations hereunder. The execution and delivery of this Agreement by each Party
and the performance of its obligations hereunder have been duly authorized by all requisite corporate or similar action on the
part of each relevant Party. This Agreement has been duly executed and delivered by each Party and is a valid and binding obligation
of such Party, enforceable against it in accordance with its terms, subject to applicable bankruptcy, fraudulent conveyance, insolvency,
reorganization, moratorium or other similar law relating to creditors’ rights generally and general principles of equity.

 

		(b)	Capitalization of New SPIP. Straight Path represents and warrants that New SPIP is a Delaware
corporation, has been duly incorporated and validly formed under the laws of the State of Delaware and has conducted no business
as of the date hereof, and has an authorized share capital of one thousand, five hundred (1,500) shares of common stock, par value
$0.01 per share (the “Common Stock”) with one thousand (1,000) shares issued and outstanding. Straight
Path further represents and warrants that immediately after giving effect to the transactions set forth herein there will be seven
hundred and eighty (780) shares of Common Stock of New SPIP issued and outstanding, of which six hundred and twenty-five (625)
shall be held by IDT or Assignee and one hundred and fifty-five (155) shall be held in total by the Minority Stockholders.

 

    	 	7	 

    

    

 

		(c)	Ownership of Shares of SPIP. Straight Path represents and warrants that as of the date of
this Agreement it is the sole legal record and beneficial owner of eight hundred and forty-five (845) shares of SPIP, representing
84.5% of the share capital of SPIP, free and clear of all liens, and that to the knowledge of Straight Path, there are no other
stockholders in SPIP as of the date of this Agreement (other than those stockholders listed on Exhibit H hereto). Straight
Path further represents and warrants that it has not transferred any of its shares in SPIP after the execution of the term sheet
dated April 9, 2017, except in accordance with the terms of this Agreement.

 

		(d)	Absence of Liabilities of SPIP. Straight Path represents and warrants that SPIP has no liabilities
other than (i) total liabilities of $18,527,349.65 reflected or reserved against on the balance sheet of SPIP dated as of September
30, 2017 (the “Balance Sheet Date”), of which (A) $17,067,988.10 accounts for an intercompany debt that will
be capitalized immediately prior to the consummation of the transactions described in Section 4(d) hereof; (B) $900,000 accounts
for an accrual to Mintz Levin that was paid prior to the Effective Date; (C) $340,266.55 accounts for accounts payable that was
paid prior to the Effective Date and (D) $219,095 accounts for a state tax accrual that will come off the balance sheet of SPIP
after the Effective Date on October 31, 2017; (ii) liabilities related to or arising under the fee agreements set forth on Exhibit
I hereto (the “Fee Agreements”); (iii) accounts payable incurred in the ordinary course that has been invoiced
to SPIP before the Effective Date but after, and thus not reflected on, the September 30, 2017 balance sheet, all of which will
be paid in full prior to the Effective Date; and (iv) liabilities that are not material to SPIP.

 

		(e)	No Approvals. Other than the consent of the Special Committee of Straight Path, the consent
of the directors of SPIP and the consent of the stockholders of SPIP, no authorization, approval, or consent is required for entry
into this Agreement and the related transactions contemplated hereby.

 

		(f)	Ownership of Current Patent Portfolio. Straight Path represents and warrants that SPIP is,
and as of the Effective Date will be, the current owner of the entire legal right, title and interest (free and clear of all charges,
mortgages, liens and security interests but subject to the terms of the Fee Agreements) in the Current
Patent Portfolio, including the patents and patent applications set forth on Exhibit E hereto, and that the list is full,
accurate and complete as of the Effective Date.

 

    	 	8	 

    

    

 

		(g)	No Effect of Conversion of SPIP. Straight Path covenants that the conversion of SPIP from
a corporation into a limited liability company, as contemplated under Section 4(b) hereto, shall be undertaken in accordance with
Section 266 of the Delaware General Corporation Law and Section 18-214 of the Delaware Limited Liability Company Act, such that
SPIP LLC shall be deemed to be the same entity as SPIP and the conversion shall constitute a continuation of the existence of SPIP
in the form of a Delaware domestic limited liability company.

 

		(h)	Funding Obligation. Assignee represents and warrants that it has and shall at all times
have available funds in an amount sufficient to satisfy the obligation of IDT, Assignee or their respective affiliates in Section
5 of this Agreement to provide $20,000,000, in cash or services to SPIP LLC (directly or through New SPIP), and Assignee agrees
to provide such funding to SPIP LLC in accordance with Section 5 of this Agreement and Section 8(a) of the SPIP LLC Operating Agreement.

 

		(i)	No Other Representations or Warranties. Except for the representations and warranties expressly
made by each of the Parties hereto in this Agreement, the Exchange Agreement, the Redemption Agreement, the Stock Transfer Agreement
or the Contribution Agreement, each of the Parties agrees and acknowledges that none of the Parties hereto nor any of their respective
affiliates or representatives makes or has made any express or implied representation or warranty whatsoever in connection with
the transactions contemplated by this Agreement.

 

 14. Limitation of Liability.

 

		(a)	None of Straight Path or its affiliates shall have any liability to IDT, Assignee or any of
                                                               their respective affiliates as a result of or arising out of a breach of or inaccuracy in any of the representations and
                                                               warranties set forth in this Agreement, the Exchange Agreement, the Redemption Agreement, the Stock Transfer Agreement or the
                                                               Contribution Agreement. Except in the case of fraud, the Trust shall have no liability to IDT, Assignee or any of their
                                                               respective affiliates as a result of or arising out of a breach of or inaccuracy in any of the representations and warranties
                                                               set forth in Section 13 of this Agreement, the Exchange Agreement, the Redemption Agreement, the Stock Transfer Agreement or
                                                               the Contribution Agreement. The sole and exclusive remedy of IDT, Assignee and their respective affiliates for any loss
                                                               suffered by any of them as a result of or arising out of a breach of or inaccuracy in any such representations and warranties
                                                               set forth in this Agreement shall be limited to recourse under the insurance policy
attached as Exhibit J hereto (the “R&W Insurance Policy”), that is binding from the date hereof.
The Trust shall pay the initial premium, and any related taxes, fees or other costs of the insurance carrier and broker associated
with establishing the R&W Insurance Policy.

 

    	 	9	 

    

    

 

		(b)	Notwithstanding anything to the contrary contained in this Agreement, none of the parties hereto
or their respective affiliates shall have any liability under any provision of this Agreement for any punitive, incidental, consequential,
special or indirect damages.

 

15. Governing Law; Consent to Jurisdiction. This Agreement shall be governed by and construed in accordance with the domestic
laws of the State of Delaware without giving effect to any choice of law or conflict of law provision or rule (whether of the State
of Delaware or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of
Delaware. EACH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR SUCH PARTY AND SUCH PARTY’S PROPERTY, TO THE NON-EXCLUSIVE
JURISDICTION OF ANY DELAWARE STATE COURT OR FEDERAL COURT OF THE UNITED STATES OF AMERICA SITTING IN NEW CASTLE COUNTY, DELAWARE,
AND ANY APPELLATE COURT HEARING APPEALS THEREFROM, OVER ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT OR
FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN
RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH DELAWARE STATE COURT OR, TO THE EXTENT PERMITTED BY
LAW, IN SUCH FEDERAL COURT. EACH PARTY HEREBY AGREES THAT SERVICE OF SUMMONS, COMPLAINT, OR OTHER PROCESS IN CONNECTION WITH ANY
SUCH PROCEEDING MAY BE MADE IN THE SAME MANNER SET FORTH IN SECTION 19 FOR PROVIDING NOTICES, AND THAT SERVICE SO MADE SHALL BE
AS EFFECTIVE AS IF PERSONALLY MADE IN THE STATE OF DELAWARE. EACH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST
EXTENT SUCH PARTY MAY LEGALLY AND EFFECTIVELY DO SO, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF
ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT IN ANY DELAWARE STATE OR FEDERAL COURT OF THE UNITED
STATES OF AMERICA SITTING IN NEW CASTLE COUNTY, DELAWARE. EACH PARTY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW,
THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT.

 

16. Entire
Agreement; Counterparts. This Agreement, including the exhibits hereto, represents the entire agreement and understanding
among the Parties concerning the subject matter hereof, and supersedes and replaces any and all prior and contemporaneous
written or oral agreements and understandings among the Parties concerning the subject matter hereof, including, without
limitation, the term sheets dated April 6, 2017 and April 9, 2017. This Agreement may be executed in counterparts, each of
which shall be deemed an original and shall be enforceable against the Parties actually executing such counterparts, and all
of which together shall constitute one instrument. A facsimile or a .pdf signature shall be deemed an original for all
purposes.

 

    	 	10	 

    

    

 

17. Modification of Agreement. This Agreement may not be altered, modified, amended or extinguished, nor may any of its provisions
be waived, except by a writing that expressly identifies itself as an amendment to this Agreement and is signed subsequent to the
date of this instrument by duly authorized representatives of the respective Parties. This Agreement shall not be binding until
all signatories have signed.

 

18. No Drafter.
The Parties acknowledge and agree that they have participated in the negotiation and preparation of this Agreement. Accordingly,
the Parties further agree that, when interpreting this Agreement, no presumption shall be made, and no burden of proof imposed,
based upon any assertion that one Party has drafted this Agreement or its provisions.

 

19. Notices. All notices and other communications required or permitted by this Agreement shall be in writing and shall be delivered
by personal delivery, by nationally recognized overnight courier service, by email, by first class mail or by certified or registered
mail, return receipt requested, addressed to any Party at its address as set forth below its name of the signature page hereto.
Notices shall be deemed given one business day after sent, if sent by overnight courier; when delivered and receipted for, if hand
delivered; when received, if sent by email or by first class mail; or when receipted for (or upon the date of attempted delivery
where delivery is refused or unclaimed), if sent by certified or registered mail, return receipt requested.

 

20. Time is of the Essence. Time shall be of the essence for this Agreement with respect to all aspects of each Party’s
performance of its obligations under this Agreement.

  

[Signature page follows]

 

    	 	11	 

    

    

 

IN WITNESS WHEREOF, the Parties have
caused this Agreement to be executed in several counterparts, and each is an original as of the first date written above.

 

STRAIGHT PATH COMMUNICATIONS INC.

 

	By:	/s/ Yonatan Cantor	 
	 	Name: Yonatan Cantor	 
	 	Title: Secretary	 
	 	Address: 5300 Hickory Park Dr. #218 Glen Allen, VA 23059

 

IDT CORPORATION

 

	By:	/s/ Marcelo Fischer	 
	 	Name: Marcelo Fischer	 
	 	Title: SVP	 
	 	Address: 520 Broad Street, Newark, NJ 07102

 

Assignee:

 

PR-SP IP HOLDINGS LLC

 

	By:	/s/ Howard Jonas	 
	 	Name: Howard Jonas	 
	 	Title: 	 
	 	Address: 

 

STRAIGHT
PATH IP GROUP, INC.

 

	By:	/s/ Yonatan Cantor	 
	 	Name: Yonatan Cantor	 
	 	Title: Secretary	 
	 	Address: 5300 Hickory Park Dr. #218 Glen Allen, VA 23059

 

 

12

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