Document:

LEAK-OUT
AGREEMENT

 

This
LEAK-OUT AGREEMENT (the “Agreement”) is made and effective as of August 4, 2014 (the “Effective Date”)
by and between OSL Holdings, Inc., a Nevada corporation (the “Company”), on the one hand and Eli Feder, Robert
Rothenberg and Steven Gormley, on the other hand (each, a “Stockholder” and collectively, the “Stockholders”).

 

RECITAL

 

	 	A.	As reported by the Company
in its Form 8-K filed with the Securities and Exchange Commission on March 10, 2014, the Company and the Stockholders have entered
into an Executive Agreement dated March 5, 2014 (the “Executive Agreement”);
	 	 	 
	 	B.	Effective April 10, 2014, the
Company entered into an Employment Agreement with Robert Rothenberg pursuant to which, in part, Mr. Rothenberg shall receive shares
of common stock of the Company (“Common Stock”);
	 	 	 
	 	C.	Effective April 15, 2015 the
Company entered into a Consulting Agreement with Eli Feder, which Consulting Agreement terminated on June 30, 2014, when the Company
entered into an Employment Agreement with Mr. Feder. Pursuant to both the Consulting Agreement and subsequent Employment Agreement,
Mr. Feder has and shall receive shares of Common Stock ;
	 	 	 
	 	D.	Effective April 10, 2014, the
Company entered into an Employment Agreement with Steve Gormley pursuant to which, in part, Mr. Gormley shall receive shares of
common stock of the Company (“Common Stock”);
	 	 	 
	 	E.	The Stockholders and Affiliates
own shares (the “Shares”) of Common Stock of the Company ;
	 	 	 
	 	F.	Inclusive of all shares issued
to the Stockholders, their Affiliates, or issued as part of employment, settlement or request of Company to date and in the future;
	 	 	 
	 	G.	To ensure the development of
an orderly trading market in the Company’s Common Stock, this Leak-Out Agreement provides the circumstances under which
the Stockholders may sell or otherwise dispose of their Shares.

 

NOW,
THEREFORE, IN CONSIDERATION of the mutual covenants contained in this Agreement, and for other good and valuable consideration,
the receipt and adequacy of which are hereby acknowledged, the Company and the Stockholders agree as follows:

 

1.
Recitals. The above Recitals are true and correct and are incorporated herein.

 

2.
Leak-Out. The aggregate number of Shares that may be sold or otherwise transferred by each Stockholder (taking into account
sales and other transfers: (a) directly from each Stockholder, (b) by each Stockholder’s Affiliated Entities and (c) by
any holder of Shares previously sold or otherwise transferred to such holder by the Stockholder after the Effective Date) shall
not exceed:

 

2.1.
10% of the average monthly trading volume for the Common Stock on the relevant trading market as reported by the OTC Markets Group
if the Company’s Common Stock is quoted over-the-counter, or by Bloomberg L.P. if the Company’s Common Stock is traded
on an exchange (the “10% Limit”), for any Stockholder who is not an “affiliate” of the Company,
as such term is defined under the Securities Act of 1933, as amended (the “Act”), and

 

2.2.
the maximum amount permitted under applicable law or regulation for any Stockholder who is an “affiliate” (as adjusted
for any stock split, combination or the like) in any 90-day period provided that such maximum amount does not exceed the 10% Limit
(the “Volume Limitations”).

 

    	 

    	 

    

  

3.
Application of this Agreement to Shares Sold or Otherwise Transferred. So long as such sales or other transfers are made
in compliance with the Volume Limitations and other requirements of this Agreement, Shares sold in the public market shall thereafter
not be subject to the restrictions on sale or other transfer contained in this Agreement.

 

4.
Attempted Transfers. Any attempted or purported sale or other transfer of any Shares by the Stockholder in violation or
contravention of the terms of this Agreement shall be null and void ab initio. The Company shall, and shall instruct its
transfer agent to, reject and refuse to transfer on its books any Shares that may have been attempted to be sold or otherwise
transferred in violation or contravention of any of the provisions of this Agreement and shall not recognize any person or entity.

 

5.
Governing Law. This Agreement shall be governed by and construed in accordance with the internal laws of the State of New
York.

 

6.
Notices. Any notices and other communications given pursuant to this Agreement shall be in writing and shall be effective
upon delivery by hand or on the fifth (5th) day after deposit in the mail if sent by certified or registered mail (postage prepaid
and return receipt requested) or on the next business day if sent by a nationally recognized overnight courier service (appropriately
marked for overnight delivery) or upon transmission if sent by facsimile (with immediate electronic confirmation of receipt in
a manner customary for communications of such type). Notices are to be addressed as follows:

 

If
to the Company, to:

 

OSL
Holdings, Inc.

1669
Edgewood Road, Suite 214

Yardley,
PA

Attn:
Tom D’Orazio

 

If
to the Stockholders, to the address set forth on the signature page attached hereto.

 

7.
Binding Effect. This Agreement will be binding upon and inure to the benefit of the Company, its successors and assigns
and to the Stockholders and their respective permitted heirs, personal representatives, successors and assigns.

 

8.
Entire Understanding. This Agreement sets forth the entire agreement and understanding of the parties hereto in respect
of the subject matter hereof and the transactions contemplated hereby and supersedes all prior written and oral agreements, arrangements
and understandings relating to the subject matter hereof. This Agreement may not be changed orally, but may only be changed by
an agreement in writing signed by the party against whom enforcement of any waiver, change, modification or discharge is sought.

 

9.
Remedies. The parties hereto acknowledge that money damages are not an adequate remedy for violations of this Agreement
and that any party may, in such party’s sole discretion, apply to any court of competent jurisdiction for specific performance
or injunctive relief or such other relief as such court may deem just and proper in order to enforce this Agreement or prevent
any violation hereof and, to the extent permitted by applicable law, each party hereto waives any objection to the imposition
of such relief. All rights, powers and remedies provided under this Agreement or otherwise available in respect hereof, whether
at law or in equity, shall be cumulative and not alternative, and the exercise or beginning of the exercise of any thereof by
any party hereto shall not preclude the simultaneous or later exercise of any other such right, power or remedy by such party.

 

    	2

    	 

    

  

10.
Counterparts. This Agreement may be executed by facsimile and in any number of counterparts, each of which shall be deemed
to be an original, but all of which together shall constitute one and the same instrument. Each counterpart may consist of a number
of copies each signed by less than all, but together signed by all, of the parties hereto.

 

11.
Severable Provisions. The provisions of this Agreement are severable and if any one or more of its provisions is determined
to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions and any partially unenforceable provision
to the extent enforceable in any jurisdiction nevertheless shall be binding and enforceable.

 

12.
Enforcement Costs. If any legal action or other proceeding is brought for the enforcement of this Agreement, or because
of an alleged dispute, breach, default or misrepresentation in connection with any provision of this Agreement, the successful
or prevailing party or parties shall be entitled to recover reasonable attorneys' fees, court costs and all expenses even if not
taxable as court costs (including, without limitation, all such fees, costs and expenses incident to arbitration, appellate, bankruptcy
and post-judgment proceedings), incurred in that action or proceeding, in addition to any other relief to which such party or
parties may be entitled.

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement on the day and year first set forth above.

 

COMPANY:

 

OSL
Holdings, Inc.:

 

	By:	/s/
    Robert Rothenberg	 
	Name:	Robert
    Rothenberg	 
	Title:	CEO	 

 

STOCKHOLDERS:

 

	/s/
    Eli Feder	 
	Eli
    Feder	 
	1231
    E. 35th St., Brooklyn, NY 11210	 
	[address]	 

 

	/s/
    Robert Rothenberg	 
	Robert
    Rothenberg	 
	1327
    University Drive, Yardley, PA 19067	 
	[address]	 

 

	/s/
    Steven Gormley	 
	Steven
    Gormley	 
	425
    Newtown TPKE., Redding, CT 06896	 
	[address]	 

 

    	3Non-EE Director Compensation Program

    
RPX Corporation
Compensation Program for Non-Employee Directors
(as amended May 19, 2014)
		
	A.
	Cash Compensation

		
	1.
	Directors will not receive any cash compensation for their service on the Board of Directors (the “Board”) or Board committees.

		
	2.
	The reasonable expenses incurred by directors in connection with attendance at Board and Board committee meetings will be reimbursed upon submission of appropriate documentation.

		
	B.
	Equity Compensation

		
	1.
	Initial award of restricted stock units (“RSUs”) with a target value of $175,000.  The RSUs will vest in equal annual installments over 3 years of continuous service, with immediate full vesting in the event of a change in control of the Company.  The Board or Compensation Committee will grant the RSUs under the Company’s 2011 Equity Incentive Plan (the “EIP”) to newly elected directors in conjunction with the non-employee director’s initial appointment or election to the Board.  A non-employee director who previously was an employee of the Company will not receive an initial award.

		
	2.
	Annual award of RSUs with a target value determined based on Board and committee service as set forth in the table below.  The RSUs will vest in full on the earlier of the one-year anniversary of the date of grant or on the date of the following year’s Annual Meeting of Stockholders, provided the director remains in continuous service through the applicable vesting date, with immediate full vesting in the event of a change in control of the Company.  The Board or Compensation Committee will grant the RSUs under the EIP in conjunction with the Company’s Annual Meeting of stockholders.  A non-employee director who previously was an employee is eligible for annual awards.  A non-employee director who joined the Board within 12 months prior to an Annual Meeting will receive a pro-rated annual award, with the target value determined based on the number of days of Board service provided during the prior 12-month period.

	
				
	Board service
	$
	150,000
	

	       plus (as applicable):
	 

	Audit Committee chair
	$
	22,500
	

	Other Audit Committee members
	$
	10,000
	

	Compensation Committee chair
	$
	12,500
	

	Other Compensation Committee members
	$
	6,000
	

	Nominating & Corporate Governance chair
	$
	9,000
	

	Other Nominating & Corporate Governance members
	$
	5,000
	

	Lead Independent Director
	$
	20,000
	

		
	C.
	General 

		
	1.
	The number of RSUs subject to each initial and annual grant will be determined by dividing the target value of a director’s grant by the then current denominator for RSUs as established from time to time by the Compensation Committee.  The Compensation Committee will determine the value of the denominator at least quarterly based on the average value of the Company’s common stock for the previous quarter.  

		
	2.
	All RSUs will be settled by issuing shares upon vesting, unless a deferral program is adopted.

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