SEC Contract Filing

Filing Date: 2017-12-21

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<P STYLE="font: 16pt Cambria, Times, Serif; margin: 0; text-align: center"><B>Stock Agreement</B></P>

<P STYLE="font: 12pt Cambria, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Cambria, Times, Serif; margin: 0">This Stock Agreement (the &ldquo;Agreement&rdquo;), dated as of December
15, 2017, confirms our understanding with respect to the issuance of Common Stock of Liberated Syndication Inc. (the &ldquo;Company&rdquo;)
to Douglas Polinsky (the &ldquo;Director&rdquo;) with respect to the matters set forth herein.</P>

<P STYLE="font: 11pt Cambria, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Cambria, Times, Serif; margin: 0">The Board of Directors has awarded 200,000 shares of the Company&rsquo;s
common stock (the &ldquo;Stock&rdquo;), subject to certain milestones and forfeiture clauses, to the Director. In an effort to
incentivize the Directors, the Board of Directors has set forth the following milestones and forfeiture clauses for these shares
of stock.</P>

<P STYLE="font: 11pt Cambria, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Cambria, Times, Serif; margin: 0">1. $5.00 per share&#9;</P>

<P STYLE="font: 11pt Cambria, Times, Serif; margin: 0">When the Company obtains an average of $5.00 per share closing price (adjusted
for stock splits) for any 10 consecutive trading days, the Director will retain 50% of the stock (100,000 shares), if obtained
within 30 months.</P>

<P STYLE="font: 11pt Cambria, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Cambria, Times, Serif; margin: 0">2. $7.00 per share</P>

<P STYLE="font: 11pt Cambria, Times, Serif; margin: 0">When the Company obtains an average of $7.00 per share closing price (adjusted
for stock splits) for any 10 consecutive trading days, the Director will retain 50% of the stock (100,000 shares), if obtained
within 36 months.</P>

<P STYLE="font: 11pt Cambria, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Cambria, Times, Serif; margin: 0">The effect of this grant on the market cap of the Company will NOT be taken
into consideration in attaining the milestone goals for the stock agreement dated April 13, 2017 between Douglas Polinsky and Liberated
Syndication Inc.</P>

<P STYLE="font: 11pt Cambria, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Cambria, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Cambria, Times, Serif; margin: 0"><B>ACCEPTED AND AGREED TO:</B></P>

<P STYLE="font: 11pt Cambria, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Cambria, Times, Serif; margin: 0">Douglas Polinsky</P>

<P STYLE="font: 11pt Cambria, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Cambria, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Cambria, Times, Serif; margin: 0">By:___________________________________________________</P>

<P STYLE="font: 11pt Cambria, Times, Serif; margin: 0">Name: Douglas Polinsky</P>

<P STYLE="font: 11pt Cambria, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Cambria, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Cambria, Times, Serif; margin: 0">Liberated Syndication Inc.</P>

<P STYLE="font: 11pt Cambria, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Cambria, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Cambria, Times, Serif; margin: 0">By:_____________________________________________________</P>

<P STYLE="font: 11pt Cambria, Times, Serif; margin: 0">Name: Chris Spencer</P>

<P STYLE="font: 11pt Cambria, Times, Serif; margin: 0">Title: Chairman of the Board of Directors</P>

<P STYLE="font: 11pt Cambria, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Cambria, Times, Serif; margin: 0"></P>

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<P STYLE="font: 11pt Cambria, Times, Serif; margin: 0">&nbsp;</P>

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