Certain Common Stock of Spherix Incorporated are subject to a Lock-Up Agreement Ending on 29-JAN-2017. These Common Stock will be under lockup for 180 days starting from 2-AUG-2016 to 29-JAN-2017. Details: The executive officers and directors have agreed that for a period of 180 days from the date of the prospectus that they will not dispose of or hedge any shares or any securities convertible into or exchangeable for common stock without the prior written consent of the Laidlaw & Company (UK) Ltd.