Document:

Exhibit 10.1

 

SUBSCRIPTION AGREEMENT

 

This
Subscription Agreement (this “Agreement”)
is dated as of August 29, 2018, between One Horizon Group, Inc., a Delaware corporation (the “Company”),
and the person and/or entity identified on the signature page hereto (“Purchaser”).

 

The
Company is offering (the “Offering”)
up to One Million Five Hundred Twenty-Five Thousand (1,525,000) shares of the Company’s common stock, par value $0.0001 per share
(“Common
Stock”),
for an aggregate purchase price of $114,375.00. 

 

The
Offering will commence August 29, 2018, and terminate on the close of business on August 31, 2018 (“Initial
Offering Period”), which period may be extended by the
Company for up to an additional ten (10) days (this additional period and the Initial Offering Period shall be referred to as the
“Offering Period”).
The Company may hold one or more subsequent closings (“Further
Closings”) until the termination or expiration of the
Offering Period until such time as the Offering is filled. There is no requirement that the entire Offering be filled for the Company
to accept proceeds from the sale of the Common Stock that is the subject of this Offering and to issue such Common Stock to one
or more Purchasers. 

 

Purchaser
desires to purchase, and the Company is willing to sell to the Purchaser, upon the terms and conditions stated in this Agreement,
the number of Shares set forth on the signature page hereof (“Purchased
Shares”), for the purchase price set forth on the signature
page hereof (“Purchase Price”).

 

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 Purchaser agree as follows:

 

ARTICLE I

PURCHASE AND SALE

 

1.1           Purchase
of the Securities. Subject to the terms and conditions of this Agreement, the Purchaser, intending to be legally bound, hereby
irrevocably subscribes for and agrees to purchase the Purchased Shares, and the Company agrees to issue the Purchased Shares against
its receipt of the Purchase Price.

 

1.2           Deliveries.
The Purchaser will deposit the Purchase Price for the Securities to an account designated by the Company by wire transfer of immediately
available funds. The Company will deliver to the Purchaser the Securities against the Company’s
receipt of the Purchase Price. 

 

ARTICLE II 

REPRESENTATIONS AND WARRANTIES OF THE COMPANY

 

The Company represents and warrants to Purchaser as
follows:

 

2.1           Organization;
Good Standing; and Power. The Company is a corporation duly organized, validly existing and in good standing under the laws
of the State of Delaware. The shares of the Company’s common
stock are currently traded on NASDAQ. 

 

2.2           Authorization.
The Company possesses the legal right and capacity to execute, deliver and perform this Agreement. The execution and delivery
of this Agreement does not, and the consummation of the transactions contemplated hereby will not, violate any provision of the
Company’s certificate of incorporation or bylaws. The Company has taken all action required by law, its certificate of incorporation,
its bylaws, or otherwise to authorize the execution and delivery of this Agreement and the issuance of the Shares, and the Company
has full power, authority, and legal right and has taken all action required by law, its certificate of incorporation, bylaws,
or otherwise to consummate the transactions herein contemplated. This Agreement has been duly executed and delivered by the Company
and constitutes the legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its
terms, except to the extent such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium, receivership,
fraudulent conveyance or similar laws affecting or relating to the enforcement of creditors’ rights generally, and by equitable
principles (regardless of whether enforcement is sought in a proceeding in equity or at law). 

 

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2.3           Issuance
of the Shares. The Shares have been duly authorized, and when issued in accordance with the terms set forth in this Agreement,
will be duly authorized, and duly and validly issued, fully paid and non-assessable, free and clear of all liens imposed by the
Company.

 

2.4           SEC
Filings; Financial Statements.

 

(a)          There
has been available on the SEC EDGAR website, copies of each report, registration statement and definitive proxy statement filed
by Company with the SEC since at least January 1, 2017 (the “Company
SEC Reports”),
which are all the forms, reports and documents filed by Company with the SEC from January 1, 2017 to the date of this Agreement.
As of their respective dates, the Company SEC Reports: (i) were prepared in accordance and complied in all material respects with
the requirements of the Securities Act or the Securities Exchange Act of 1934 (“Exchange
Act”), as the case may be, and the rules and regulations of the SEC thereunder applicable to such Company SEC Reports;
and (ii) did not at the time they were filed (and if amended or superseded by a filing prior to the date of this Agreement then
on the date of such filing and as so amended or superseded) contain any untrue statement of a material fact or omit to state a
material fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances
under which they were made, not misleading. 

 

(b)          Each
set of financial statements (including, in each case, any related notes thereto) contained in the Company SEC Reports comply as
to form in all material respects with the published rules and regulations of the SEC with respect thereto, were prepared in accordance
with U.S. Generally Accepted Accounting Principles (“GAAP”)
applied on a consistent basis throughout the periods involved (except as may be indicated in the notes thereto or, in the case
of unaudited statements, do not contain footnotes as permitted by Form 10-Q promulgated under the Exchange Act) and each fairly
presents in all material respects the financial position of Company at the respective dates thereof and the results of its operations
and cash flows for the periods indicated. 

 

2.5           Information.
The information concerning the Company set forth in this Agreement and the Company SEC Reports is complete and accurate in all
material respects and does not contain any untrue statements of a material fact or omit to state a material fact required to make
the statements made, in light of the circumstances under which they were made, not misleading.

 

ARTICLE III 

REPRESENTATIONS AND WARRANTIES OF PURCHASER

 

Purchaser hereby represents and warrants to the Company
as follows:

 

3.1           Incorporation;
Authority. Purchaser is either an individual or an entity duly incorporated or formed, validly existing and in good standing
under the laws of the jurisdiction of its incorporation or formation with full right, corporate, partnership, limited liability
company or similar power and authority to enter into and to consummate the transactions contemplated by this Agreement and otherwise
to carry out its or his obligations hereunder. The execution and delivery of this Agreement and performance by Purchaser of the
transactions contemplated by this Agreement have been duly authorized by all necessary corporate, partnership, limited liability
company or similar action, as applicable, on the part of Purchaser. This Agreement, when delivered by Purchaser in accordance with
the terms hereof, will constitute the valid and legally binding obligation of Purchaser, enforceable against it or him in accordance
with its terms, except: (i) as limited by general equitable principles and applicable bankruptcy, insolvency, reorganization, moratorium
and other laws of general application affecting enforcement of creditors’ rights
generally; (ii) as limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies;
and (iii) insofar as indemnification and contribution provisions may be limited by applicable law. 

 

3.2           Own
Account. Purchaser understands that the Securities are “restricted
securities” and have not been registered under the Securities Act or any applicable state securities law and is acquiring the Securities
as principal for its own account and not with a view to or for distributing or reselling such Securities or any part thereof in
violation of the Securities Act or any applicable state securities law, has no present intention of distributing any of such Securities
in violation of the Securities Act or any applicable state securities law and has no direct or indirect arrangement or understandings
with any other persons to distribute or regarding the distribution of such Securities in violation of the Securities Act or any
applicable state securities law. Purchaser is acquiring the Securities hereunder in the ordinary course of its business. 

 

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3.3           Purchaser
Status. At the time Purchaser was offered the Shares, it was, and as of the date hereof it is an “accredited
investor” as defined in SEC Regulation D, Rule 501(a). 

 

3.4           Experience
of Purchaser. Purchaser, either alone or together with its or his representatives, has such knowledge, sophistication and experience
in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Purchased
Shares. Purchaser is able to bear the economic risk of an investment in the Purchased Shares and, at the present time, is able
to afford a complete loss of such investment.

 

3.5           General
Solicitation. Purchaser is not purchasing the Purchased Shares as a result of any advertisement, article, notice or other communication
regarding the Shares published in any newspaper, magazine or similar media or broadcast over television or radio or presented at
any seminar or any other general solicitation or general advertisement.

 

3.6           Access
to Information. Purchaser acknowledges that it or he has had the opportunity to review this Agreement (including all exhibits
and schedules thereto) and the SEC Reports and has been afforded (i) the opportunity to ask such questions as it has deemed necessary
of, and to receive answers from, representatives of the Company concerning the terms and conditions of the Shares and the merits
and risks of investing in the securities of the Company; (ii) access to information about the Company and its financial condition,
results of operations, business, properties, management and prospects sufficient to enable it to evaluate its investment; and (iii)
the opportunity to obtain such additional information that the Company owns or can acquire without unreasonable effort or expense
that is necessary to make an informed investment decision with respect to the investment.

 

ARTICLE IV 

OTHER AGREEMENTS OF THE PARTIES 

 

4.1           Transfer
Restrictions.

 

(a)           The
Purchased Shares only may be disposed of in compliance with state and federal securities laws. In connection with any transfer
of Securities other than pursuant to an effective registration statement or Rule 144, to the Company or to an “affiliate”
(as defined in Rule 405 of the Securities Act) of a Purchaser, the Company may require the transferor thereof to provide to the
Company an opinion of counsel selected by the transferor and reasonably acceptable to the Company, the form and substance of which
opinion shall be reasonably satisfactory to the Company, to the effect that such transfer does not require registration of such
transferred Purchased Shares under the Securities Act. As a condition of transfer, any such transferee shall agree in writing
to be bound by the terms of this Agreement and shall have the rights and obligations of a Purchaser under this Agreement. 

 

(b)           The
Purchaser agrees to the imprinting, so long as is required by this Section 4.1, of a legend on any of the Purchased Shares in the
following form:

 

“THE
SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES
COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT“),
AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR
PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT
AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS.”

 

4.2           Use
of Proceeds. The Company shall use the net proceeds from the sale of the Purchased Shares hereunder for working capital purposes.

 

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4.3           Registration.
The Company hereby agrees to file a registration statement under the Securities Act for the resale of the Purchased Shares and
any other securities issued upon conversion or exchange or otherwise in respect thereof, including without limitation pursuant
to any stock dividend, stock split, merger, consolidation or other recapitalization transaction (collectively, the “Registrable
Securities”),
in accordance with Appendix A annexed hereto not more than fifteen (15) days after the date of the First Closing. 

 

4.4           Indemnification.

 

		(a)	The
Company agrees to indemnify and hold harmless Purchaser and each of the other Indemnified Parties (as hereinafter defined) from
and against any and all losses, claims, damages, obligations, penalties, judgments, awards, liabilities, costs, expenses and disbursements,
and any and all actions, suits, proceedings and investigations in respect thereof and any and all legal and other costs, expenses
and disbursements in giving testimony or furnishing documents in response to a subpoena or otherwise (including, without limitation,
the costs, expenses and disbursements, as and when incurred, of investigating, preparing, pursing or defending any such action,
suit, proceeding or investigation (whether or not in connection with litigation in which any Indemnified Party is a party) (collectively,
“Losses”),
directly or indirectly, caused by, relating to, based upon, arising out of, or in connection with, Purchaser’s
purchase of the Purchased Shares pursuant to the terms of this Agreement, any breach by the Company of any representation, warranty,
covenant or agreement contained in this Agreement, or the enforcement by Purchaser of its rights under this Agreement, except
to the extent that any such Losses are found in a final judgment by a court of competent jurisdiction (not subject to further
appeal) to have resulted primarily and directly from the willful misconduct of the Indemnified Party seeking indemnification hereunder.

 

		(b)	These
indemnification provisions shall extend to the following persons (collectively, the “Indemnified
Parties”): Purchaser, its present and former affiliated
entities, partners, employees, legal counsel, agents, advisors and controlling persons (within the meaning of the federal securities
laws), and the officers, directors, partners, stockholders, members, managers, employees, legal counsel, agents, advisors and
controlling persons of any of them. These indemnification provisions shall be in addition to any liability that the Company may
otherwise have to any Indemnified Party.

 

		(c)	If any action, suit, proceeding or investigation is commenced,
as to which an Indemnified Party proposes to demand indemnification, it shall notify the Company with reasonable promptness; provided,
however, that any failure by an Indemnified Party to notify the Company shall not relieve the Company from its obligations
hereunder. An Indemnified Party shall have the right to retain counsel of its own choice to represent it, and the fees, expenses
and disbursements of such counsel shall be borne by the Company. Any such counsel shall, to the extent consistent with its professional
responsibilities, cooperate with the Company and any counsel designated by them. The Company shall be liable for any settlement
of any claim against any Indemnified Party made with the written consent of the Company. The Company shall not, without the prior
written consent of Purchaser, settle or compromise any claim, or permit a default or consent to the entry of any judgment in respect
thereof, unless such settlement, compromise or consent (i) includes, as an unconditional term thereof, the giving by the claimant
to all of the Indemnified Parties of an unconditional release from all liability in respect of such claim; and (ii) does not contain
any factual or legal admission by or with respect to an Indemnified Party or an adverse statement with respect to the character,
professionalism, expertise or reputation of any Indemnified Party or any action or inaction of any Indemnified Party.

 

		(d)	In order to provide for just and equitable contribution,
if a claim for indemnification pursuant to these indemnification provisions is made but it is found in a final judgment by a court
of competent jurisdiction (not subject to further appeal) that such indemnification may not be enforced in such case, even though
the express provisions hereof provide for indemnification in such case, then the Company shall contribute to the Losses to which
any Indemnified Party may be subject: (i) in accordance with the relative benefits received by the Company and its stockholders,
subsidiaries and affiliates, on the one hand, and the Indemnified Party, on the other hand; and (ii) if (and only if) the allocation
provided in clause (i) of this sentence is not permitted by applicable law, in such proportion as to reflect not only the relative
benefits, but also the relative fault of the Company, on the one hand, and the Indemnified Party, on the other hand, in connection
with the statements, acts or omissions that resulted in such Losses as well as any relevant equitable considerations. No person
found liable for a fraudulent misrepresentation shall be entitled to contribution from any person who is not also found liable
for fraudulent misrepresentation. The relative benefits received (or anticipated to be received) by the Company and its stockholders,
subsidiaries and affiliates shall be deemed to be equal to the purchase price for the Purchased Shares.

 

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		(e)	The indemnification provisions shall be binding upon the
Company and its successors and assigns and shall inure to the benefit of the Indemnified Parties and their respective successors,
assigns, heirs and personal representatives and shall remain operative and in full force and effect after the Closing and for
the maximum time period allowable under applicable law.

 

ARTICLE V 

MISCELLANEOUS 

 

5.1           Waivers.
No action taken pursuant to this Agreement, including any investigation by or on behalf of any party, shall be deemed to constitute
a waiver by the party taking such action of compliance with any representation, warranty, covenant or agreement contained herein
or in any other documents. The waiver by any party hereto of a breach of any provision of this Agreement shall not operate or be
construed as a waiver of any subsequent breach. Any party hereto may, at or before the Closing, waive any conditions to its obligations
that are unfulfilled.

 

5.2           Binding
Effect; Benefits. This Agreement shall inure to the benefit of the parties hereto and shall be binding upon them and their
respective their heirs, executors, administrators, successors, legal representatives and assigns. Except as otherwise set forth
herein, nothing in this Agreement, expressed or implied, is intended to confer upon any person other than the parties hereto or
their respective successors and assigns, any rights, remedies, obligations, or liabilities under or by reason of this Agreement.

 

5.3           Assignment;
Delegation. No party to this Agreement may assign its rights or delegate its obligations hereunder without the prior written
consent of all of the other parties. Any assignment or delegation in violation of this Section 5.3 shall be null and void.

 

5.4           Entire
Agreement. This Agreement constitutes the entire agreement and supersedes all prior agreements, statements, representations
or promises, oral and written, among the parties hereto with respect to the subject matter hereof. No party hereto shall be bound
by or charged with any written or oral arguments, representations, warranties, statements, promises or understandings not specifically
set forth in this Agreement.

 

5.5           Notices.
Any notice, demand or other communication which any party hereto may be required, or may elect, to give to anyone interested hereunder
shall be sufficiently given if sent prepaid, with a recognized international courier service.

 

5.6           Governing
Law; Jurisdiction. This Agreement shall be governed by and construed in accordance with the laws of the State of New York,
without giving effect to conflicts of law principles. If there is any litigation relating to this Agreement or the transaction
contemplated hereby, the parties hereto irrevocably consent to the jurisdiction of the courts of the State of New York and of any
court located in such State in connection with any action or proceeding arising out of or relating to this Agreement, any document
or instrument delivered pursuant to, in connection with or simultaneously with this Agreement, or a breach of this Agreement or
any such document or instrument.

 

5.7           Severability.
If any term or provision of this Agreement shall to any extent be finally determined by a court of competent jurisdiction to be
invalid or unenforceable, the remainder of this Agreement shall not be affected thereby, and each term and provision of the agreement
shall be valid and enforced to the fullest extent permitted by law, provided that as so enforced, each of the parties receives
substantially all of the benefits contemplated hereby.

 

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5.8           Counterparts.
This Agreement may be executed through the use of separate signature pages or in any number of counterparts and by e-mail, and
each of such counterparts shall, for all purposes, constitute a single agreement binding on all parties, notwithstanding that all
parties are not signatories to the same counterpart.

 

IN WITNESS WHEREOF, the parties hereto
have executed this Agreement as of the day and year this subscription has been accepted by the Company as set forth below.

 

Name of Purchaser: First Choice International Company, Inc.

 

	 	 
	Signature of Individual or Authorized Signatory:	 

 

Email Address of Authorized Signatory: mhp@123bgp.com

 

Address for Notices to Purchaser:

 

Legal & Compliance, LLC

c/o First Choice International Company, Inc.

330 Clematis Street, Ste. 217

West Palm Beach, FL 33401

 

Address for Delivery of Securities to Purchaser (if not same
as address for notice):

 

Social Security (Individual) or EIN Number (Entity):
27-1461143

 

Number of Shares Purchased: 1,525,000

 

Purchase Price: $114,375

 

ACCEPTANCE OF SUBSCRIPTION

 

	 	ONE HORIZON GROUP, INC. 
	 	 
	 	 
	 	By: 	 
	 	 	Martin Ward
	 	 	Chief Financial Officer
	 	 	Duly Authorized 

 

Date: August 29, 2018

 

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Appendix A 

 

REGISTRATION RIGHTS

 

(a) As used in this Appendix A the following capitalized
terms used without definition shall have the meanings assigned to them below:

 

		1.	“Damages”
means any loss, damage, or liability (joint or several) to which a party hereto may become subject under the Securities Act, the
Exchange Act, or other federal or state law, insofar as such loss, damage, or liability (or any action in respect thereof) arises
out of or is based upon: (i) any untrue statement or alleged untrue statement of a material fact contained in any registration
statement of the Company filed pursuant hereto, including any preliminary prospectus or final prospectus contained therein or
any amendments or supplements thereto; (ii) an omission or alleged omission to state therein a material fact required to be stated
therein, or necessary to make the statements therein not misleading; or (iii) any violation or alleged violation by the indemnifying
party (or any of its agents or affiliates) of the Securities Act, the Exchange Act, any state securities law, or any rule or regulation
promulgated under the Securities Act, the Exchange Act, or any state securities law based upon, or arising out of, any of such
party’s obligations arising hereunder.

 

		2.	“Exchange
                                         Act” means the Securities Exchange Act of 1934, as amended from time-to-time,
                                         and the rules and regulations promulgated thereunder.

 

		3.	“Person”
                                         means any individual, corporation, partnership, trust, limited liability company, association
                                         or other entity.

  

		4.	“Registrable
Securities” means the Shares and or other securities issued upon conversion or exchange or otherwise in respect thereof,
including without limitation pursuant to any stock dividend, stock split, merger, consolidation or other recapitalization transaction.

 

		5.	“SEC”
means the Securities and Exchange Commission.

 

		6.	“SEC
Rule 144” means Rule 144 promulgated by the SEC under the Securities Act, as in effect from time-to-time.

 

		7.	“Securities
Act” means the Securities Act of 1933, as amended from time-to-time, and the rules and regulations promulgated thereunder.

 

		8.	“Selling
Expenses” means all underwriting discounts, selling commissions, and stock transfer taxes applicable to the sale of
Registrable Securities, and the fees and expenses of counsel to the Buyer.

 

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(b)
Not later than fifteen (15) days after the date of the First Closing, the Company will file a registration statement under the
Securities Act for the resale of the Registrable Securities by the Purchaser on Form S-3, or if the Company does not then qualify
to use Form S-3, Form S-1 or such other form as it is then eligible to use for the resale of the Registrable Securities (the “Registration
Statement”) and shall use its reasonable commercial efforts
to have the Registration Statement declared effective by the SEC and maintain the effectiveness of the Registration Statement until
all of the Registrable Securities have been sold or are eligible for sale pursuant to Rule 144 without restriction. The Company
shall furnish the Purchaser with a copy of the prospectus included in the Registration Statement at the time it is declared effective
and any amendments or supplements thereto. The Company shall notify Purchaser of the happening of any event of which the Company
has knowledge as a result of which the prospectus contained in such Registration Statement, as then in effect, includes an untrue
statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements
therein not misleading in light of the circumstances then existing, and promptly prepare a supplement or amendment to such prospectus
so that, as thereafter delivered to the purchasers of the Registrable Securities, such prospectus shall not include an untrue statement
of a material fact or omit to state any material fact necessary to make the statements therein not misleading; provided that the
Company may postpone for up to ninety (90) days the delivery of any such supplement or amendment if the Company’s
Board of Directors determines in good faith that disclosure of the new information to be contained therein would reasonably be
expected to have a material adverse effect on: (i) any proposal or plan by the Company or any of its affiliates to engage in any
acquisition of assets (other than in the ordinary course of business) or any merger, consolidation, tender offer, reorganization
or similar transaction; or (ii) any pending or threatened litigation to which the Company is, or is threatened to be made, a party.

 

As a condition to the
registration of the Registrable Securities, the Purchaser shall furnish the Company and its counsel with such information regarding
itself, the Registrable Securities held by it, and the intended method of disposition of such Registrable Securities as is reasonably
required to file the Registration Statement and cause the timely registration of the Registrable Securities.

 

The Company shall pay
all expenses (other than Selling Expenses), and stock transfer taxes applicable to the sale of the Registrable Securities, and
the fees and expenses of counsel to the Purchaser) incurred in connection with the registration of the Registrable Securities,
including all registration, filing and accounting fees, and fees and disbursements of counsel for the Company.

 

(c)(1) To the extent permitted by law,
the Company will indemnify and hold harmless the Purchaser, and the partners, members, officers, directors, and shareholders of
the Purchaser, and each Person, if any, who controls the Purchaser, against any Damages, and the Company will pay to the Purchaser,
controlling Person, or other aforementioned Person any legal fees and other expenses reasonably incurred thereby in connection
with investigating or defending any claim or proceeding from which Damages may result, as such expenses are incurred; provided,
however, that such indemnity shall not apply to amounts paid in settlement of any such claim or proceeding if such settlement is
effected without the consent of the Company, which consent shall not be unreasonably withheld, nor shall the Company be liable
for any Damages to the extent that they arise out of or are based upon actions or omissions made in reliance upon and in conformity
with written information furnished by or on behalf of the Purchaser, controlling Person, or other aforementioned Person expressly
for use in connection with such registration.

 

(c)(2) To the extent permitted by law,
the Purchaser will indemnify and hold harmless the Company, and each of its directors, each of its officers who has signed the
Registration Statement, each Person (if any), who controls the Company within the meaning of the Securities Act, legal counsel
for the Company, against any Damages, in each case only to the extent that such Damages arise out of or are based upon actions
or omissions made in reliance upon and in conformity with written information furnished by or on behalf of the Purchaser expressly
for use in connection with such registration; and the Purchaser will pay to the Company and each other aforementioned Person any
legal fees and other expenses reasonably incurred thereby in connection with investigating or defending any claim or proceeding
from which Damages may result, as such expenses are incurred; provided, however, that such indemnity shall not apply to amounts
paid in settlement of any such claim or proceeding if such settlement is effected without the consent of the Purchaser, which consent
shall not be unreasonably withheld; and provided further that in no event shall the aggregate amounts payable by the Purchaser
by way of such indemnity exceed the Purchase Price.

 

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(c)(3)
Promptly after receipt by an indemnified party of notice of the commencement of any action (including any governmental action)
for which a party may be entitled to indemnification hereunder, such indemnified party will, if a claim in respect thereof is to
be made against any indemnifying party, give the indemnifying party notice of the commencement thereof. The indemnifying party
shall have the right to participate in such action and, to the extent the indemnifying party so desires, participate jointly with
any other indemnifying party to which notice has been given, and to assume the defense thereof with counsel reasonably mutually
satisfactory to the parties; provided, however, that an indemnified party (together with all other indemnified parties that may
be represented without conflict by counsel) shall have the right to retain separate counsel, with the reasonable fees and expenses
to be paid by the indemnifying party, if representation of such indemnified party by the counsel retained by the indemnifying party
would be inappropriate due to actual or potential differing interests between such indemnified party and any other party represented
by such counsel in such action. The failure to give notice to the indemnifying party within a reasonable time of the commencement
of any such action will not relieve such indemnifying party of any liability to the indemnified party, except to the extent, and
only to the extent, that such failure actually and materially prejudices the indemnifying party’s
ability to defend such action. The failure to give notice to the indemnifying party will not relieve it of any liability that it
may have to any indemnified party otherwise than as provided herein. 

 

(c)(4)
To provide for just and equitable contribution to joint liability under the Securities Act in any case in which either: (i) any
party otherwise entitled to indemnification hereunder makes a claim for indemnification pursuant to this Appendix A but
it is judicially determined (by the entry of a final judgment or decree by a court of competent jurisdiction and the expiration
of time to appeal or the denial of the last right of appeal) that such indemnification may not be enforced in such case, notwithstanding
the fact that this Appendix A provides for indemnification in such case; or (ii) contribution under the Securities Act
may be required on the part of any party hereto for which indemnification is provided under this Appendix A, then, and
in each such case, such parties will contribute to the aggregate losses, claims, damages, liabilities, or expenses to which they
may be subject (after contribution from others) in such proportion as is appropriate to reflect the relative fault of each of
the indemnifying party and the indemnified party in connection with the statements, omissions, or other actions that resulted
in such loss, claim, damage, liability, or expense, as well as to reflect any other relevant equitable considerations. The relative
fault of the indemnifying party and of the indemnified party shall be determined by reference to, among other things, whether
the untrue or allegedly untrue statement of a material fact, or the omission or alleged omission of a material fact, relates to
information supplied by the indemnifying party or by the indemnified party and the parties’ relative intent, knowledge,
access to information and opportunity to correct or prevent such statement or omission; provided, however, that, in any such case,
no Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) will be entitled
to contribution from any Person who was not guilty of such fraudulent misrepresentation; and provided further that in no event
shall the aggregate amounts payable by the Purchaser by way of indemnity or contribution exceed the Purchase Price. 

 

(d) The obligations of the Company and
the Purchaser under this Appendix A shall survive the completion of any offering of the Registrable Securities in a registration
under this Appendix A, and otherwise shall survive the termination of this Agreement for the maximum time period allowable
under applicable law.

 

    	 	9Exhibit 10.2

 

 

 

 

CONSULTING AGREEMENT 

 

This Consulting Agreement (the “Agreement”)
is made as of March 30, 2018, (“Effective Date”), by and between One Horizon Group, (NASDAQ: OHGI),
a Delaware Corporation with an office and place of business located at 34 South Molton Street, London W1K 5RG UK (“OHGI”
or the “Company”), and BK Consulting Group, a Florida Limited Liability Company (“BK”
or the “Consultant”) with an office and place of business located at 21290 N.E. 23rd Avenue,
Aventura, Florida, 33180, USA. The Company and/or the Consultant may each be referred to herein as a “Party,”
and collectively as the “Parties.”

 

WHEREAS, the Company has
requested that the Consultant provide advisory services with respect to one or more potential business transactions (each a “Transaction”)
by and between the Company and professional music artists and businesses engaged in the representation of music artists, music
production, digital distribution and on-line marketing and other businesses (“Consulting Services”);
and

 

WHEREAS, the Consultant has
substantial expertise and experience providing the Consulting Services requested by the Company and the Company agrees to
retain the Consultant to provide the Consulting Services and the Consultant will provide the Consulting Services for the
“Term” of this Agreement (as defined below);

 

NOW, THEREFORE, in consideration of the premises and the mutual covenants
hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which is acknowledged, and
intending to be legally bound hereby, the Consultant and the Company agree as follows:

 

1.          TERM.
This Agreement shall commence upon receipt of the Compensation set forth in Sections 4(a) and (b) and shall extend thereafter
for an initial period of one (1) year (“Term”). Unless immediate termination is otherwise specifically
permitted herein or by applicable law (e.g. for material breach), the Company may cancel this Agreement by providing sixty
(60) calendar days written notice to BK (“Termination Notice”). Notwithstanding, in the event of termination,
the Compensation (Section 4) shall be immediately due and payable.

 

2.          CONSULTING
SERVICES. The Company expressly acknowledges and agrees that the Consulting Services are to be performed in a commercially
reasonable manner and are not legal or broker-dealer services and that the execution of this Agreement does not guaranty any particular
success or result.

 

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3.          APPROVAL
OF INFORMATION. The Company shall furnish the Consultant with such information as is reasonably required in order
for the Consultant to perform its duties hereunder (all such information so furnished, “Information”).
The Company recognizes and confirms that the Consultant (i) will use, and rely primarily on, the Information and information available
from generally recognized public sources (“Public Information”) in rendering the Consulting Services
without having independently verified the same, (ii) does not assume responsibility for the accuracy of completeness of the Information
and Public Information, (iii) will not make an appraisal of any assets of the Company, and/or (iv) will provide the Consulting
Services based on the Information and the Public Information. It is the Company’s responsibility to make certain that the
Information to be furnished by the Company, when delivered, will be true and correct in all material respects and will not contain
any misstatement of a material fact or omit to state any material fact required to be stated therein or necessary to make the
statements contained therein, in light of the circumstances under which they were made, not misleading. The Company shall promptly
notify the Consultant of any material inaccuracy or misstatement in, or material omission from, any Information theretofore delivered
to the Consultant, or in any Public Information to the extent that the Company is aware of the same.

 

4.          COMPENSATION.

 

For the Consulting Services rendered
during the Term, the following “Compensation” shall be due and owing the Consultant from the Company:

 

		a)	The Company shall
                                         issue and immediately and irrevocably deliver to the Consultant nine hundred seventy-five
                                         thousand (975,000) shares of OHGI Common Stock (“BK Shares”).

 

		b)	The Company shall
                                         issue and immediately and irrevocably deliver to the Consultant a warrant to purchase
                                         nine hundred seventy-five thousand (975,000) shares of OHGI Common Stock, having an exercise
                                         price of Eighty-Five Cents ($0.85) per share, exercisable from April 2, 2018 until June
                                         31, 2018 (“BK Warrant Shares”).

 

		c)	The BK Warrants
                                         shall contain language that provides that BK may not exercise the BK Warrants at any
                                         time that BK may be deemed to be the beneficial owner of more than 4.99% of OHGI’s
                                         Common Stock, as determined under the beneficial ownership rules of the Securities Exchange
                                         Commission (“SEC”) by virtue of the ownership of the BK Warrants
                                         or any other OHGI Common Stock (“4.99% Blocker”). Upon closing
                                         of any Transaction for which the Consulting Services have been provided, and also subject
                                         to the 4.99% Blocker, BK shall be issued an additional Three Hundred Thousand (300,000)
                                         shares of OHGI Common Stock (“Subsequent BK Shares”).

 

		d)	Subject to the 4.99% Blocker, should the SEC approve
a Company-filed S-8 Registration Statement, at the Company’s election, the Company may issue the BK Shares on the basis
of such S-8 Registration Statement. 

 

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		e)	Subject to the 4.99% Blocker, the Company will promptly
undertake to register the BK Warrants (and the BK Shares should they not otherwise be included in the S-8 Registration Statement)
with the SEC pursuant to an S-3 Registration Statement.

 

		f)	Unless otherwise indicated in this Agreement, Subsequent
BK Shares shall be issued to BK within ten (10) business days from the closing of any Transaction.

 

		g)	BK shall not be issued, at any time during the Term
or any extension thereof, such amount of OHGI Common Stock that would result in beneficial ownership by BK of more than 9.99%
of the total issued and outstanding shares of OHGI Common Stock.

 

		h)	As may be applicable, the Company agrees to take any
and all action(s) necessary to clear of restriction the share-based compensation awarded to the Consultant under this Section
4 upon presentation of any Rule 144 application by the Consultant or its broker, including, without limitation, (i) authorizing
the Company’s transfer agent to remove the restrictive legend on the BK Shares, BK Warrant Shares or any Subsequent BK Shares
(ii) expediting the acquisition of a legal opinion from the Company’s authorized counsel at Company’s expense (or, in the
event the Consultant uses its own counsel, at the Company’s expense up to $500) favorably opining as to the removal of the
restrictive legend, and (iii) cooperating and communicating with the Consultant and its broker in order to use the Company’s
commercially reasonable efforts to clear the subject Shares of restriction as soon as possible after presentation of a Rule 144
application by the Consultant or its broker to either the Company or its transfer agent. Further, the Company agrees not to unreasonably
withhold or delay the approval of any application filed by the Consultant or its broker under Rule 144 to clear the BK Shares,
BK Warrant Shares or any Subsequent BK Shares of restriction.

 

		i)	The Parties shall negotiate and agree in good faith
regarding the Consultant’s Compensation for any Consulting Services to be provided beyond the scope of this Agreement and/or
the Term depending upon the Company’s needs at such time and the services being requested.

 

5.          LIMITATION
OF ENGAGEMENT. The Company acknowledges that the Consultant is providing the Consulting Services as an independent contractor.

 

6.          CONFIDENTIALITY.
Other than as required by applicable law, neither the Consultant nor any of its employees, agents, and/or officers or directors
shall disclose any knowledge or information they have obtained in the course of performing the Consulting Services, if such knowledge
or information concerns the confidential or non-public affairs of the Company, without the Company’s prior consent. The
existence of this Agreement is also privileged and confidential subject to applicable Securities Laws.

 

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7.          COMPLIANCE
AND GOVERNING LAW.

 

		a)	OHGI, in connection with the issuance of any stock
to BK hereunder, as may be applicable, shall be responsible for any and all compliance with applicable Securities Laws, rules
and regulations.

 

		b)	Company recognizes
                                         that failure to timely make its filings under the Securities Exchange Act of 1934 (“Exchange
                                         Act”) will materially hinder the effectiveness of the Consulting Services
                                         and will constitute automatic grounds for cancellation by the Consultant and all Compensation
                                         paid to the Consultant up to and including the date of such failure shall be deemed fully
                                         earned by the Consultant as of such date.

 

		c)	This Agreement shall be governed by and construed in
accordance with the laws of the State of Florida applicable to agreements made and to be fully performed therein (excluding Florida’s
law controlling conflicts of law where they would conflict with this provision). Any disputes that arise under this Agreement,
even after the termination of this Agreement, will be heard only in the state or federal courts located in Dade County, Florida.
The Parties hereto expressly agree to submit themselves to and expressly waive any rights they may have to contest the jurisdiction,
venue or authority of any such courts.

 

		d)	It is specifically understood that the Consultant is
not and does not hold itself out to be a ‘broker/dealer’ as that term is understood in applicable law (including the
‘Paul Anka’ SEC no-action letter dated July 24, 1991, and the ‘Country Business, Inc.’ SEC no-action letter
dated November 8, 2006) in reference to the Company procuring financing sources and merger and/or acquisition candidates, and
the Consultant does not normally provide such services.

 

		e)	Any Compensation obligation hereunder shall survive
the merger, acquisition or other change in the form of entity of the Company and to the extent it remains unfulfilled, shall be
assigned and transferred to any successor to the Company.

 

		f)	It is understood and agreed that the Company and not
the Consultant is responsible to perform any and all due diligence on any broker/dealer, lender, merger or acquisition candidate
or strategic partner introduced to the Company by the Consultant under this Agreement prior to the Company receiving funds or
closing any Transaction.

 

8.         NOTICE.
All notices and correspondence hereunder shall be in writing and sent by e-mail or FedEx to the applicable Party at the addresses
set forth above.

 

9.         INDEMNIFICATION.
The Company agrees to indemnify, defend and hold harmless the Consultant, its officers, directors, members, employees, affiliates,
and agents against all losses, expenses, damages and costs, including reasonable attorneys’ fees, resulting from any act,
action or omission, arising out of or related to the services provided by Consultant under this Agreement, except for acts of
the Consultant of willful misconduct or gross negligence related to this Agreement.

 

    Page 4 of 5

     

    

 

10.          LIMITATIONS.
Any liability of the Consultant, its officers, directors, members, employees, affiliates, and agents shall not exceed the Compensation
actually paid to the Consultant by the Company pursuant to Section 4 of this Agreement during the fifteen (15) calendar
days of Consulting Services prior to the breach or event giving rise to any such liability.

 

11.          EXPENSES.
The Company will reimburse the Consultant for its receipted expenses approved by the Company in advance, including, but not limited
to, expenses relating to the Consultant’s travel and lodging, which expenses during the Term shall not exceed ten thousand
dollars ($10,000). The Consultant shall always seek advance approval from the Company for any single expense that exceeds one
thousand dollars ($1,000). The Company shall also reimburse Consultant upon presentation of any expenses incurred by the Consultant
for collection of any Compensation due to the Consultant under Section 4 of this Agreement, including but not limited to
reasonable attorneys’ fees and court costs. Reimbursement shall be made within fifteen (15) business days following the
receipt by the Company of the Consultant’s invoice related to any such expenses.

 

12.           MISCELLANEOUS.
This Agreement shall not be modified or amended except in writing signed by the Parties; shall be binding upon and inure to the
benefit of the Parties and their respective assigns or successors; and constitutes the entire agreement of the Parties and supersedes
any prior agreements. If any provision of this Agreement is determined to be invalid or unenforceable in any respect, such determination
will not affect such provision in any other respect, and the remainder of the Agreement shall remain in full force and effect.
This Agreement may be executed in counterparts (including e-mail scans) each of which shall be deemed an original but all of which
together shall constitute one and the same instrument.

 

One Horizon Group, Inc. represents and warrants that all of the BK Shares,
BK Warrant Shares and Subsequent BK Shares shall be or will have been validly issued, fully paid and non-assessable and that the
Company’s Board of Directors has or shall have duly authorized the issuance and transfer thereof to BK Consulting Group,
LLC. The Company agrees to promptly file this Agreement with the appropriate governing bodies and to reference the same in
its next Exchange Act filing. 

 

IN WITNESS WHEREOF, the Parties below have each caused this Agreement
to be executed as of the date first set forth above. 

	 	 	 	 	 
	BK Consulting Group, LLC	 	One Horizon Group, Inc.
	 	 	 	 	 
	By:	 	 	By: 	
	Name: Brian Kantor	 	Name: Mark White
	Title: Managing Member	 	Title: Chief Executive Officer
	          3/16/2018	 	Duly Authorized

 

    Page 5 of 5

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