SUBLEASE AGREEMENT

SUBLEASE AGREEMENT

This Sublease agreement is made as of the 1^st day of February, 2016 by and between FAB Universal Corp. (“FAB”) and Liberated Syndication Inc. (“Libsyn) with regard to the following.

RECITALS:

A.

FAB is the tenant under a lease agreement at 5001 Baum Blvd.  (“Building”) for Suite 770, consisting of approximately 3,100 rentable square feet on the Seventh (7^th) floor of the Building.

B.

FAB currently leases office space in the building on a month-to-month basis.  

AGREEMENT:

1.

Term

a.

Libsyn agrees to sublease the office space for Suite 770 on the 7^th floor of the Building, until Libsyn provides a 30 day written notice of termination of this sublease.  The sublease shall commence on February 1, 2016.

2.

Rent

a.

Libsyn shall pay $4,667 a month during the Term of this Sublease.