X0306 4 2019-11-25 0001667489 Liberated Syndication Inc. LSYN 0001790877 Shahinian Eric C/O CAMAC PARTNERS, LLC 350 PARK AVENUE, 13TH FLOOR NEW YORK NY 10022 true Common stock 2019-11-25 4 P false 7800 2.9809 A 1963319 I See footnote Common stock 2019-11-26 4 P false 3000 2.9567 A 1966319 I See footnote Camac Fund, LP ("Camac Fund") directly beneficially owns all such shares and is controlled by Eric Shahinian. As such, Mr. Shahinian is in a position indirectly to determine the investment and voting decisions made by Camac Fund. Each of Camac Capital, LLC, as the general partner of Camac Fund, and Camac Partners, LLC, as the investment manager of Camac Fund, may be deemed to have the power to direct the voting and disposition of the shares of Common Stock beneficially owned by Camac Fund, and may be deemed to be the indirect beneficial owner of such shares. Each of Camac Capital and Camac Partners disclaims beneficial ownership of such shares for all other purposes. Mr. Shahinian disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. /s/ Eric Shahinian 2019-11-27