SEC Contract Filing

Filing Date: 2021-06-07

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>4
<FILENAME>lysn_ex10-2.htm
<DESCRIPTION>REGISTRATION RIGHTS AGREEMENT, DATED JUNE 3, 2021
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&#xA0; <font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">Exhibit 10.2</font><br></font></div>
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REGISTRATION RIGHTS AGREEMENT</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">This
REGISTRATION RIGHTS AGREEMENT, dated as of June 3, 2021 (this
&#x201C;<font style="text-decoration: underline">Agreement</font>&#x201D;), is entered
into by and among <a name="_9kR3WTr266457KFx3rmtveTxWGzcTAC10P"><!--anchor--></a>Liberated
Syndication, Inc., a Nevada corporation (the &#x201C;<font style="text-decoration: underline">Company</font>&#x201D;), and each of
the parties set forth in <font style="text-decoration: underline">Schedule A</font> to this Agreement
(together, the &#x201C;<font style="text-decoration: underline">Purchasers</font>&#x201D;). Capitalized
terms used in this Agreement but not otherwise defined have the
meanings set forth in <font style="text-decoration: underline">Annex I</font> to this Agreement or in
the Stock Purchase Agreement, as applicable.</font></div>
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RECITALS</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">A.&#xA0;The Company
and the Purchasers are parties to the Stock Purchase Agreement,
dated March 29, 2021 (the &#x201C;<font style="text-decoration: underline">Stock Purchase
Agreement</font>&#x201D;), pursuant to which the Company is selling
to the Purchasers, and the Purchasers are purchasing from the
Company, shares of Common Stock.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">B.&#xA0;As a
condition to the obligations of the Company and the Purchasers
under the Stock Purchase Agreement, the Company and the Purchasers
are entering into this Agreement for the purpose of granting
certain registration rights and certain other rights to the
Purchasers.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">NOW
THEREFORE, in consideration of the mutual covenants and agreements
set forth herein and for good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the
Company and each of the Purchasers, severally and not jointly,
hereby agree as follows:</font></div>
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ARTICLE I</font></div>
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REGISTRATION RIGHTS</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Section
1.1&#xA0;Initial Shelf Registration Statement.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(a)&#xA0;The
Company shall prepare and file an initial Shelf Registration
Statement (the &#x201C;<font style="text-decoration: underline">Initial Shelf Registration
Statement</font>&#x201D;) under the Securities Act covering all
Registrable Securities no later than August 16, 2021 (the
&#x201C;<font style="text-decoration: underline">Filing
Deadline</font>&#x201D;) and shall use its commercially reasonable
efforts to cause such Initial Shelf Registration Statement to
become effective on or as soon as practicable after its filing but
no later than December 15, 2021 (the &#x201C;<font style="text-decoration: underline">Effectiveness