Stock Option Inducement Award Summary

1.

Base Salary; Start Date.  The annual base salary for this position is $345,000.  Any adjustment to base salary is subject to approval by the Compensation Committee of the Board of Directors. We anticipate that your first day of employment with the Company will be August 5, 2019.

2.

Short Term Incentive Compensation. The position will be eligible to participate in the Company's Short Term Incentive Plan commencing with the Company's 2020 fiscal year (July 1, 2019 through June 30, 2020) at the "B5A Named Executive Officer" level. The FY20 STIP metrics and related performance objectives, and the determination of FY20 STIP incentive payouts, will be subject in all respects to the review and approval of the Compensation Committee and to the terms and conditions of the FY20 STIP document which will govern all matters associated with the FY20 STIP.

3.

Long-Term Incentive Compensation. The Board of Directors approves the Company's Long Term Incentive Plans. Your position is eligible to participate in the LTIP, subject to review and approval of the Compensation Committee. Your participation in the LTIP will commence with FY20 LTIP awards made in or about August 2019, subject to the discretion of the Board of Directors. At that time, you will have the opportunity to receive equity-based awards to be issued under the Company's Amended and Restated 2012 Stock Incentive Plan (or any successor plan), pursuant to and in accordance with the terms of the LTIP document which governs all matters associated with the LTIP. In connection with this offer of employment and as an inducement to your agreement to join the Company, the Board of Directors has approved an inducement award of stock options for the purchase of shares of the Company's common stock on the terms and conditions as set forth in Exhibit A to this letter.

4.

Signing Bonus: Relocation Expense: Temporary Housing Expense. In connection with this offer of employment, the Company will pay a lump sum of $50,000 to you as a signing bonus (the "Signing Bonus"). In addition, in connection with this offer of employment, the Company will pay a lump sum of $50,000 to you for purposes of covering all out-of-pocket expenses incurred in connection with your relocation to the Cincinnati area, including, without limitation, expenses for temporary housing (the "Relocation Amount"). The position is based at the Company's Cincinnati headquarters and it is expected that you will perform the duties of the position at our Cincinnati offices. The Signing Bonus and the Relocation Amount will be paid to you within thirty (30) days after the first day of your employment with the Company. In the event that the Signing Bonus and the Relocation Amount are taxable as income under applicable federal, state or local law, the Company will not "gross-up" such payments and you shall be solely responsible for any such tax. If you voluntarily terminate your employment before August 5, 2020, or if the Company terminates your employment for cause before August 5, 2020, then you will be obligated to repay the Signing Bonus and the Relocation Amount not later than thirty (30) days after the date of such termination of employment. If you voluntarily terminate your employment after August 5, 2020 and prior to August 5, 2021, or if the Company terminates your employment for cause after August 5, 2020 and before August 5, 2021, then you will be obligated to repay the Signing Bonus and Relocation Amount on a basis pro-rated from August 5, 2019 not later than thirty (30) days after the date of such termination of employment.

5.

LSI 401(K) Savings Plan. Employees may contribute up to 75% of salary, subject to all applicable IRS annual limits, in accordance with the terms of the Company's 401(K) Plan. The Company currently provides a 50% matching contribution on the first 5% contributed by an employee. A summary description of the Plan will be provided.

6.

LSI Non-Qualified Deferred Compensation Plan. You will be eligible to participate in the LSI Deferred Compensation Plan which permits the deferral of salary and / or incentive compensation in accordance with the terms of the Plan. A summary description of the Plan will be provided.

7.

Paid time off. You will be eligible for four weeks of paid time off per fiscal year.

8.

Holidays. The Company has ten paid designated holidays per calendar year, which includes one floating personal holiday.

9.

The LSI Health Benefits Plan. LSI currently offers a preferred provider network health plan with three plan choices (High PRO, Low PRO and HDHP) from which to select. A summary of the Company's health benefits plan will be provided.

10.

The LSI Dental and Vision Plans. LSI currently offers a dental plan with two plan choices (High PPO, Low PPO) from which to select, including preventative care benefits, as well as a vision care plan, for all covered family members.

11.

Prescription Drug Card. Employee prescription co-payments are based upon the Health Benefits Plan choice selected.

12.

Flexible Spending Accounts. You may elect to establish Health Care and Dependent Care Flexible Spending Accounts under the PPO option health plan choices, or to establish a Health Savings Account under the HDHP option choice.

13.

Disability Insurance. The Company covers the cost of both short-term and long-term disability insurance coverage.

14.

Accidental Death and Dismemberment Insurance. LSI covers the cost of accidental death and dismemberment insurance coverage.

15.

Basic Life Insurance. The Company covers the cost of basic term life insurance coverage up to a maximum specified benefit level.

16.

Dependent Life Insurance. LSI covers the cost of dependent life insurance, under which your spouse is covered for $10,000 and your dependent children (6 months to 19 years) are covered for $5,000 each.

17.

Optional Insurance. You may also secure additional insurance coverage at your option and cost for term life, accidental injury and critical illness.