Exhibit 10.4

CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY ASTERISKS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL
TREATMENT PURSUANT TO RULE 24B-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.

INTERNATIONAL TRANSITION AGREEMENT

This INTERNATIONAL TRANSITION AGREEMENT (Agreement), executed as of July 1, 2010 (the
Execution Date), is entered into by and between, on one hand, WEA International Inc., a Delaware corporation with its principal place of business at 75 Rockefeller Plaza, New York, NY 10019 (WMI), and on the
other hand, Cinram International Inc., a Canadian corporation with its principal place of business at 2255 Markham Road, Scarborough, Ontario M1B 2W3, Canada (Cinram International Inc.), Cinram GmbH, a German limited liability
company with its principal place of business at Max-Planck-Strasse 1-9, 52477 Alsdorf, Germany (Cinram GmbH), and Cinram Operations UK Limited, a UK limited company with its principal place of business located at 2 Central Avenue,
Ransomes Europark, Ipswich, Suffolk IP3 9SL U.K. (Cinram Operations UK Limited) (Cinram International Inc., Cinram GmbH, and Cinram Operations UK Limited, individually and collectively, Cinram). Each capitalized
term used in this Agreement but not defined herein has the meaning ascribed to such term in that certain International Manufacturing and PP&S Agreement entered into on July 1, 2010 between and among the parties to this Agreement (the
International Manufacturing and PP&S Agreement), including, without limitation, Exhibit A (M&P Terms) and Exhibit B (PP&S Terms) thereto. Notwithstanding anything herein to the contrary, this
Agreement shall have no force or effect (and, other than this introductory paragraph, shall not bind the parties hereto) until the date on which the International Manufacturing and PP&S Agreement expires or is terminated for any reason (such
date of expiration or termination, the Transition Date), on which date this Agreement shall automatically, and without the requirement of any notice or action of any kind, become effective and bind the parties hereto.

WHEREAS, Cinram acknowledges that any interruption in WMIs receipt of services under the International
Manufacturing and PP&S Agreement following expiration or termination of such agreement would significantly disrupt the business activities of WMI, its Affiliates, and their respective customers; and

WHEREAS, Cinram wishes to enable WMI to continue to receive the full benefit of such services following any such expiration or
termination, for a period of time sufficient to ensure continuity of such services and to enable WMI to transition the performance of such services to alternate service providers.

NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein, and for good and valuable consideration, the
receipt and adequacy of which is hereby acknowledged, WMI and Cinram hereby agree as follows:

1. Transition.

(a) Performance of Manufacturing and Distribution Services. Throughout the Transition Services Period, Cinram shall provide, at
WMIs request, those Manufacturing and Distribution Services requested by WMI. Such Manufacturing and Distribution Services: (i) shall be provided on a non-exclusive basis (for purposes of clarity, WMI shall be permitted to use third-party
vendors to provide the Manufacturing and Distribution Services for any or all of the total volume of Products); (ii) shall be provided (A) for the first ** (or portion thereof) of the Transition Services Period, at the same fees applicable
under the International Manufacturing and PP&S Agreement as of the Transition Date (provided that Section 12(e) of Exhibit A (M&P Terms) to the International Manufacturing and PP&S Agreement shall not apply to fees incurred
by WMI during such ** (or shorter) period, except to the extent that any fees payable under the International Manufacturing and PP&S Agreement had been or should have been adjusted pursuant to such Section 12(e) prior to the Transition
Date), and (B) thereafter,



1



---

at fees mutually agreed upon by the parties; and (iii) shall be provided subject to the Service Level Requirements set forth in the International Manufacturing and PP&S Agreement as of
the Transition Date. Either prior to or as soon as practicable after the Transition Date, Cinram and WMI shall establish a mutually agreeable prospective monthly limit on the volume of units with respect to which WMI may require Cinram to provide
Manufacturing and Distribution Services under this Agreement taking into account WMIs forecasts for using Cinram for such services during the Transition Services Period; provided that in no event shall such volume limit be less than ** of the
monthly average volume of units for which Cinram provided M&P Services to WMI and its Affiliates during the ** period immediately preceding the Transition Date. Cinram will perform the Manufacturing and Distribution Services with at least the
same degree of accuracy, quality, completeness, timeliness, responsiveness, and resource efficiency at which, and pursuant to the same WMI policies, rules and procedures pursuant to which, it was required to provide the same or similar services
under the International Manufacturing and PP&S Agreement. Amounts payable pursuant to this Section 1(a) shall be invoiced and payable in accordance with the terms and conditions of the International Manufacturing and PP&S Agreement
applicable to the services provided.

(b) Transition Services. Throughout the Transition Services Period, Cinram shall
cooperate with and take all commercially reasonable actions to assist WMI and its designees in WMIs and its Affiliates transition to one or more new distributor(s) and/or manufacturer(s), which shall include without limitation:
(i) assistance from experienced Cinram personnel with specific knowledge of WMI and the Manufacturing and Distribution Services; and (ii) the provision to WMI and its designees with any information and documentation reasonably requested by
WMI to enable the Manufacturing and Distribution Services to be transitioned smoothly to WMIs designees (the foregoing services, collectively, the Transition Services). Those reasonable, documented out-of-pocket third-party
expenses actually incurred by Cinram directly for Transition Services that are provided: (A) during the initial ** of the Transition Services Period, shall be borne solely by Cinram; (B) between the end of such ** period and the date
that is ** after the Transition Date, shall be charged to WMI at Cinrams actual cost therefor; and (C) following such ** period, shall be charged to WMI at Cinrams actual cost therefor plus ** of such cost; provided that with
respect to each of foregoing subsections (A), (B) and (C), (I) in no event shall WMI be required to make any such payment prior to Cinrams payment of its own corresponding invoices to such third parties, and (II) any
such expenses incurred by Cinram that are identified in Schedule C to Exhibit A (M&P Terms) or Schedule C to Exhibit B (PP&S Terms) to the International Manufacturing and PP&S Agreement shall instead
be charged to WMI at the rates and subject to the terms and conditions set forth in such Schedule to such Exhibit. Amounts payable pursuant to this Section 1(b) shall be invoiced and payable in accordance with the terms and conditions of the
International Manufacturing and PP&S Agreement.

(c) Transfer of WMI Assets. Upon WMIs request, to the extent
not previously transferred to WMI, Cinram shall transfer all property of WMI (including without limitation physical finished goods, Inventory, Source Materials, BOMs, DDPs, Products and Components) to up to two (2) locations designated by WMI,
in a secure fashion in accordance with industry custom. If WMI requests any additional preparation, packaging or stickering (other than shipping such items in a secure fashion in accordance with industry custom and the performance of the other
services required hereunder), pricing for such additional services shall be subject to the mutual agreement of WMI and Cinram. Cinram shall provide no fewer than **, in order to implement such transfer requests by WMI and shall begin such transfers
no later than ** after the applicable transfer request from WMI. At WMIs option, WMI and/or its designated agent(s) shall be permitted at any time during normal business hours to enter any facilities in which any property of WMI is stored
(including without limitation physical finished goods, Inventory, BOMs, DDPs, Products and Components), in order to retrieve or otherwise access any such WMI property. In lieu of the rates, if any, applicable to such transfers as set forth in
Schedule C to Exhibit A (M&P Terms) and Schedule C to Exhibit B (PP&S Terms) to the International Manufacturing and PP&S



2



---

Agreement: (i) if WMI terminated the International Manufacturing and PP&S Agreement due to Cinrams breach thereof or the occurrence of a Termination Event, then Cinram shall charge
WMI for such transfers an amount equal to Cinrams actual, documented, out-of-pocket third-party expenses incurred for such transfers plus ** of such expenses; or (ii) if the Term of the International Manufacturing and PP&S Agreement
expired for any other reason, then Cinram shall charge WMI for such transfers an amount equal to ** of the rates applicable to such transfers as set forth in Schedule C to Exhibit A (M&P Terms) and Schedule C to
Exhibit B (PP&S Terms) to the International Manufacturing and PP&S Agreement; and if the case of either of foregoing subsections (i) and (ii), WMI shall reimburse Cinram for Cinrams actual costs for any unreturned pallets
in respect of such transfers and WMI shall be responsible for all actual, documented, out-of-pocket third-party freight expenses incurred for the transfer of such materials (but in no event shall WMI be required to make any such payment prior to
Cinrams payment of its own corresponding invoices to such third parties).

(d) Transition Plan and Transition
Manager. Within fifteen (15) business days after the commencement of the Transition Services Period, Cinram will provide WMI with a complete plan for operational turnover that enables a smooth transition of the Manufacturing and
Distribution Services to WMIs designee(s) (Transition Plan). The Transition Plan will be deemed confidential information of WMI. Cinram shall assign, subject to WMIs prior written approval, a Cinram employee who serves
a senior role (e.g., senior manager) in Cinrams organization to manage and oversee the performance of the Manufacturing and Distribution Services and Transition Services throughout the Transition Services Period (Transition
Manager). WMI shall have the right to require Cinram to replace the Transition Manager if WMI believes that such individual is unsuitable for the position. The Transition Manager will be WMIs primary point of contact in connection
with performance of the Manufacturing and Distribution Services and Transition Services hereunder. Cinram shall cause any such Transition Manager to be generally available to WMI during regular business hours in relation to all issues relevant to
the performance of the Manufacturing and Distribution Services and Transition Services hereunder.

(e) List of
Materials. Within ten (10) days after the commencement of the Transition Services Period, Cinram will provide WMI with a list of all Source Materials and units of Components and Products (as applicable) then in Cinrams or any other
member of the Cinram Groups possession or control.

(f) Facilities. In support of WMIs receipt of the
Manufacturing and Distribution Services and Transition Services, throughout the Transition Services Period, Cinram shall provide WMI and its designees with reasonable access to those facilities of Cinram and Cinrams subcontractors at which any
WMI property is located or at which Transition Services are being or will be provided during the Transition Period.

(g)
Retailers. At WMIs request, Cinram will assist WMI as reasonably necessary in notifying retailers to which Products are being or had been distributed under this Agreement or the International Manufacturing and PP&S Agreement, to
send any Product returns to one or more new distributor(s) designated by WMI.

(h) Insurance. Throughout the Transition
Services Period, Cinram shall maintain the same types and amounts of insurance coverage that Cinram was required to maintain under the International Manufacturing and PP&S Agreement, as set forth on Schedule G to
Exhibit A (M&P Terms) and Schedule D to Exhibit B (PP&S Terms) to the International Manufacturing and PP&S Agreement. Upon Cinrams request, Cinram and WMI shall discuss in good faith reducing the
limits of liability for loss of WMI property held by Cinram during the Transition Period.

2. Performance of Services; Subcontracting.
Cinram may not subcontract or delegate this



3



---

Agreement or its rights or obligations under this Agreement to any other member of the Cinram Group or any third party without WMIs prior written consent, which WMI may grant or withhold in
its sole discretion, and any such subcontracting or delegation shall not relieve Cinram of its obligations hereunder. If WMI grants such consent with respect to a particular member of the Cinram Group or third party, such Cinram Group member or
third party shall be deemed to be an Approved Subcontractor for purposes of this Agreement. Each entity set forth in Schedule E (Approved Subcontractors) to Exhibit A (M&P Terms) to the International
Manufacturing and PP&S Agreement shall be deemed to be an Approved Subcontractor for purposes of this Agreement, solely with respect to performance of the specific M&P Services identified in such Schedule E (Approved Subcontractors)
for such entity. Cinram shall cause each Approved Subcontractor to abide by the terms and conditions of this Agreement applicable to Cinram (regardless of whether such Approved Subcontractor is expressly covered by such terms and conditions). Cinram
shall be fully responsible and liable for the acts and omissions of any Cinram subcontractor, including without limitation all Approved Subcontractors. If any Approved Subcontractor takes any action or omits to take any action that would be deemed
to be a breach of this Agreement if such action or omission were or were not taken by Cinram, then: (a) Cinram shall immediately notify WMI thereof; (b) upon notice to Cinram from WMI, Cinram shall immediately cease providing any Materials
or other WMI property to such subcontractor and permitting such subcontractor to perform Cinrams obligations hereunder, and such entity shall cease to be an Approved Subcontractor for purposes of this Agreement; and (c) Cinram shall be
deemed to be in breach of this Agreement as if such action or omission were or were not taken by Cinram.

3. Warranties,
Representations, Covenants and Indemnities.

(a) Cinram warrants, represents and/or covenants, as the case may be,
that: (i) Cinram has the right, power and authority to enter into and fully perform this Agreement and to legally bind those entities on behalf of which it is entering into this Agreement; (ii) no agreement of any kind heretofore entered
into by Cinram shall interfere in any manner with the complete performance of this Agreement; (iii) subject to WMIs warranties and representations set forth below, any items prepared by or otherwise furnished by Cinram hereunder in
connection with Components or Products (and the manufacture, sale, offer for sale, import, and export, and use thereof) and Cinrams performance of Manufacturing and Distribution Services and Transition Services hereunder will not violate any
law or infringe upon the rights of any party; and (iv) no Inventory, Products, Components or Source Materials are or shall be subject to any security interest, lien, claim, assignment, transfer, pledge, hypothecation or other encumbrance
(excluding any security interests held or otherwise placed by WMI in or on such materials).

(b) Cinram agrees to and does
hereby indemnify, save and hold WMI and its Affiliates, and each of their respective officers, directors and employees (collectively, for the purposes of this Section 3(b) only, WMI) harmless to the maximum extent permitted
by law from any and all loss and damage (including court costs and reasonable attorneys fees as and when incurred) arising out of, connected with or as a result of: (i) any inaccuracy, inconsistency with, failure of, or breach or
threatened breach by Cinram, any other member of the Cinram Group, or any Approved Subcontractor or other subcontractor of any of the foregoing, of any warranty, representation, agreement, undertaking or covenant contained in this Agreement; and/or
(ii) any and all damages or injuries of any kind or nature whatsoever (including death resulting therefrom) to any persons, whether employees of Cinram or otherwise, and to any property caused by, resulting from, arising out of or occurring in
connection with the execution of the work under this Agreement (including as a result of any product liability claims), whether such damages or injuries are or are alleged to be based upon Cinrams active or passive negligence or participation
in the wrong or upon any breach of any statutory duty or obligation on the part of Cinram (except to the extent such damages or injuries directly result from any act of WMIs employees located at Cinrams facilities and are not otherwise
covered by the property insurance Cinram is required to maintain hereunder or under the International Manufacturing and PP&S Agreement, or result from a



4



---

breach of any warranty, representation, agreement, undertaking or covenant of WMI contained herein). The foregoing indemnity shall be applicable only to such claims as have been reduced to
judgment or settled with Cinrams written approval. WMI shall give Cinram prompt notice of any claim to which the foregoing indemnity applies and Cinram shall assume the defense of any such claim through counsel of Cinrams choice and at
Cinrams sole expense; provided, however, that the relevant law on Civil Procedure provides for this procedure. WMI shall have the right to participate in such defense through counsel of WMIs choice and at WMIs expense; provided,
however, that the relevant law on Civil Procedure provides for this procedure.

(c) WMI warrants, represents and/or covenants,
as the case may be, that: (i) WMI has the right, power and authority to enter into and fully perform this Agreement and to legally bind those entities on behalf of which it is entering into this Agreement; (ii) no agreement of any kind
heretofore entered into by WMI shall interfere in any manner with the complete performance of this Agreement; and (iii) Material embodied in Products and Components as supplied by WMI shall not violate any law or infringe upon the rights of any
third party. As used herein, Material shall include all musical compositions, names, biographical materials and likenesses, photographic, video or motion picture images, sound recordings, intellectual properties, packaging and
artwork.

(d) WMI agrees to and does hereby indemnify, save and hold Cinram and its Affiliates, and each of their respective
officers, directors and employees (collectively, for the purposes of this Section 3(d) only, Cinram) harmless to the maximum extent permitted by law from any and all loss and damage (including court costs and reasonable
attorneys fees as and when incurred) arising out of, connected with or as a result of: (i) any inaccuracy, inconsistency with, failure of, or breach or threatened breach by WMI of any warranty, representation, agreement, undertaking or
covenant contained in this Agreement; and/or (ii) any and all damages or injuries of any kind or nature whatsoever (including death resulting therefrom) to any persons, whether employees of Cinram or otherwise, and to any property caused by,
resulting from, arising out of or occurring in connection with any act of WMIs employees located at Cinrams facilities, except to the extent such damages and injuries are covered by the property insurance Cinram is required to maintain
hereunder or under the International Manufacturing and PP&S Agreement; and/or (iii) any products liability claims arising the M&P Services for manufacturing defects directly related to Products not manufactured by Cinram, any Affiliate
of Cinram or on behalf of Cinram. The foregoing indemnity shall be applicable only to such claims as have been reduced to judgment or settled with WMIs written approval. Cinram shall give WMI prompt notice of any claim to which the foregoing
indemnity applies and WMI shall assume the defense of any such claim through counsel of WMIs choice and at WMIs sole expense; provided, however, that the relevant law on Civil Procedure provides for this procedure. Cinram shall have the
right to participate in such defense through counsel of Cinrams choice and at Cinrams expense; provided, however, that the relevant law on Civil Procedure provides for this procedure.

4. Term. The term of this Agreement shall commence on the Transition Date and shall expire upon the expiration of the Transition Services Period
(the Term). The following sections of this Agreement shall survive any expiration or termination of the Term: Sections 2, 3, 5, 6, 7 (in accordance with its terms), and 9; this Section 4; and any provisions of this
Agreement that by their nature are intended to survive expiration or termination of the Term.The mere expiration or termination of the Term shall not affect any obligation that is expressly provided herein to survive the expiration or
termination of such Term. Within ** months following expiration or ** months following early termination of the Term, WMI shall, in its sole discretion, remove from the Facilities, or order at WMIs expense the destruction of (and Cinram shall
destroy in accordance with WMIs instructions and promptly provide WMI with an officers certificate that confirms such destruction), all units of Source Materials, Components, and Products governed by this Agreement in Cinrams
possession or control. Any such Source Materials to be returned to WMI shall be at WMIs cost, and the cost of any return of any



5



---

Components shall be the subject of negotiation between the parties hereto unless such Components were supplied by WMI, in which case such Components shall be returned without charge.

5. Motion to Assume or Reject. In the event a bankruptcy or insolvency case is commenced by or against Cinram, Cinram shall decide whether
to (a) assume or (b) reject, disclaim or resiliate this entire Agreement, and shall either notify WMI of its decision or, to the extent required by law, file a motion to obtain court approval of its decision, in each case within
** days of the entry of the order for relief in such case, which motion and court order approving same shall be in form and substance reasonably satisfactory to WMI. Cinram shall diligently prosecute any such motion.

6. Equitable Relief. The parties acknowledge and agree that: (a) WMIs rights to exercise and enforce the rights, restrictions,
limitations and qualifications imposed in Sections 1, 5, 7 and 9(c) of this Agreement are of a special, unique, extraordinary and intellectual character, giving them a peculiar value the loss of which by WMI (i) cannot be readily estimated, or
adequately compensated for, in monetary damages and (ii) would cause WMI substantial and irreparable harm for which it would not have an adequate remedy at law, and (B) WMI accordingly will be entitled to equitable relief against Cinram
(including without limitation temporary restraining orders, preliminary and permanent injunctive relief, and specific performance), in addition to all other remedies that WMI may have, to enforce this Agreement and protect its rights hereunder.
Except as otherwise provided herein, the rights and remedies of WMI and Cinram provided under this Agreement are cumulative and in addition to any other rights and remedies of the parties at law or equity.

7. Confidentiality.

(a) Each of Cinram and WMI shall, and shall cause its Affiliates, and its and its Affiliates directors, officers, employees and agents (each, a Recipient) to, maintain in
confidence the material terms of this Agreement, except that WMI may disclose this Agreement on a confidential basis in connection with a potential Recorded Music Major Transaction, to a potential assignee permitted hereunder or to WMI Affiliates as
may be necessary in the ordinary course of business (provided, that any such disclosure shall be limited to those persons who agree to be bound by the provisions of this Section 7); and Cinram may disclose this Agreement on a confidential basis
to its lenders under the Long-Term Debt or to Cinram Affiliates as may be necessary in the ordinary course of business (provided, that any such disclosure shall be limited to those persons who agree to be bound by the provisions of this
Section 7). The restriction in the preceding sentence shall not apply to information that: (i) becomes generally available to the public other than as a result of disclosure by such Recipient contrary to this Agreement; (ii) was
available to such Recipient on a non-confidential basis prior to its disclosure to such Recipient; (iii) becomes available to such Recipient on a non-confidential basis from a source other than any other Recipient unless such Recipient knows
that such source is bound by a confidentiality agreement or is otherwise prohibited from transmitting the information to such Recipient by a contractual obligation; (iv) is independently developed by such Recipient without reference to
confidential information received from any other party; (v) is required to be disclosed by applicable law or legal process, provided that any Recipient disclosing pursuant to this clause (v) shall notify the other party at least five
(5) days prior to such disclosure so as to allow such other party an opportunity to protect such information through protective order or otherwise; (vi) is required to be disclosed by any listing agreement with, or the rules or regulations
of, any security exchange on which securities of such Recipient or any of its Affiliates are listed or traded; or (vii) is required to be disclosed by a party in order to perform its obligations under the Agreement; provided, that any such
disclosure shall be limited to those persons who have a need to know such information and who agree to be bound by the provisions of this Section 7. No party hereto shall make a press release or public announcement concerning this Agreement
without the prior written consent of the other party hereto.



6



---

(b) Cinram shall, and shall cause its Affiliates, and its and its Affiliates
directors, officers, employees and agents to, maintain in confidence all information that: (i) is in its or their possession by reason of Cinrams performance of Manufacturing and Distribution Services or Transition Services hereunder; and
(ii) relates to the Products (including, without limitation, shipment and return volumes, shipping destinations, pricing information and other terms of sale). WMI shall, and shall cause its Affiliates, and its and its Affiliates
directors, officers, employees and agents to, maintain in confidence all information that: (x) is in its or their possession by reason of Cinrams performance of Manufacturing and Distribution Services or Transition Services hereunder; and
(y) relates to the pricing, methods of manufacture or distribution or other proprietary information of Cinram. The restrictions in the two preceding sentences shall not apply to information that: (A) becomes generally available to the
public other than as a result of disclosure by such Recipient contrary to this Agreement; (B) was available to such Recipient on a non-confidential basis prior to its disclosure to such Recipient; (C) becomes available to such Recipient on
a non-confidential basis from a source other than any other Recipient unless such Recipient knows that such source is bound by a confidentiality agreement or is otherwise prohibited from transmitting the information to such Recipient by a
contractual obligation; (D) is independently developed by such Recipient without reference to confidential information received from any other party; (E) is required to be disclosed by applicable law or legal process, provided that any
Recipient disclosing pursuant to this clause (E) shall notify the other party at least five (5) days prior to such disclosure so as to allow such other party an opportunity to protect such information through protective order or otherwise;
or (F) is required to be disclosed by any listing agreement with, or the rules or regulations of, any security exchange on which securities of such Recipient or any of its Affiliates are listed or traded. Notwithstanding anything to the
contrary above, WMI and its Affiliates shall be permitted to disclose any information on a confidential basis in connection with a potential Recorded Music Major Transaction, to a potential assignee permitted hereunder or to third parties and WMI
Affiliates as may be necessary in the ordinary course of business (provided, that any such disclosure shall be limited to those persons who agree to be bound by the provisions of this Section 7).

(c) Promptly following any expiration or termination of the Term, Cinram will, in accordance with WMIs instructions, return to WMI
all materials in any medium that comprise, contain, refer to, or relate to any confidential or proprietary information of WMI (including without limitation the information described in the first sentence of Section 7(b) above) and otherwise
destroy all copies thereof that remain in Cinrams possession or control. Upon request, Cinram will provide WMI with an officers certificate that confirms Cinrams compliance with this Section 7(c).

(d) The obligations of WMI and Cinram under Sections 7(a) and 7(b) above shall survive for three (3) years following the
expiration or termination of the Term.

8. Force Majeure.

(a) If because of an act of God, inevitable accident, fire, lockout, strike or other labor dispute, riot or civil commotion, act of public enemy or other cause of a similar nature not
reasonably within Cinrams control (a Force Majeure Event), Cinram is materially hampered in the performance of its obligations under this Agreement, or its normal business operations are delayed or become impossible or
commercially impracticable, then Cinram shall have the option, by giving WMI written notice, to suspend its obligations under this Agreement with respect to any services affected by such Force Majeure Event, effective upon receipt by WMI of such
notice, for the duration of any such contingency. Should Cinram suspend its obligations under this Agreement pursuant to this Section 8, such suspension shall not constitute a breach hereunder and Cinram shall not be subject to price rebates
under Section 15 of Exhibit A (M&P Terms) or Section 14 of Exhibit B (PP&S Terms) to the International Manufacturing and PP&S Agreement with respect to any occurrences during the pendency of such suspension;
provided



7



---

that Cinram shall reimburse WMI upon demand for any and all incremental out-of-pocket charges that WMI reasonably incurs as a result of transferring its Services under this Section 8(a).

(b) In addition, within twenty-four (24) hours of becoming aware of any circumstance or event which may reasonably be
anticipated to cause or constitute a Force Majeure Event, Cinram shall notify WMI of such circumstance or event. For the avoidance of doubt, (i) such notice shall not constitute an assertion by Cinram of its right to suspend its obligations
hereunder and (ii) an Insolvency Event shall not, in itself, be deemed to constitute a Force Majeure Event.

9. Miscellaneous.

(a) Waiver. Any party to this Agreement may: (i) extend the time for the performance of any of the obligations or
other acts of the other party hereto; (ii) waive any inaccuracies in the representations and warranties of the other party contained herein or in any document delivered by the other party pursuant hereto; or (iii) waive compliance with any
of the agreements or conditions of the other party hereto contained herein. Any such extension or waiver shall be valid only if set forth in an instrument in writing signed by the party to be bound thereby. Any waiver of any term or condition shall
not be construed as a waiver of any subsequent breach or a subsequent waiver of the same term or condition, or a waiver of any other term or condition, of this Agreement. The failure of either hereto party to assert any of its rights hereunder shall
not constitute a waiver of any of such rights.

(b) Assignment. Cinram shall not have the right without WMIs
prior written consent (which consent may be granted or withheld in the sole discretion of WMI) to assign this Agreement or any of the rights granted to Cinram hereunder, in whole or in part; provided that after the Transition Date, Cinram shall be
permitted to assign this Agreement to any member of the Cinram Group (provided that Cinram shall notify WMI in advance of such assignment, and that notwithstanding such assignment, Cinram at all times shall remain directly and fully liable to WMI
for the performance of the obligations of Cinram hereunder). WMI shall have the right without Cinrams consent to assign this Agreement, in whole or in part, to any subsidiary, parent company or Affiliate of WMI, or to any third-party acquiring
all or substantially all of WMIs assets or equity; provided, however, that, in each case, notwithstanding such assignment, WMI at all times shall remain directly and fully liable to Cinram for the performance of the obligations of WMI
hereunder.

(c) Disposition of Assets. Cinram shall provide at least ** prior written notice to WMI of any actual or
anticipated closure or discontinuation of use (whether permanent or temporary and whether partial or complete) of any of Cinrams facilities or assets used in providing Manufacturing and Distribution Services (including without limitation
Cinrams facilities in Alsdorf, Germany). In the event of any actual or anticipated closure or discontinuation of the use of (whether permanently or temporarily and whether partially or completely) any such facilities or assets, then Cinram
shall: (A) pay and be responsible for, and shall reimburse WMI for, all reasonable expenses incurred by or on behalf of WMI arising from any change to one or more new facility(ies); (B) reimburse WMI for increased shipping and related
costs and expenses incurred by or on behalf of WMI as a result of such change (and shall provide WMI with any other similar types of reimbursements and other accommodations as were provided to WMI after the closing of Cinrams Simi Valley
facility); and (C) ensure that there is no adverse impact on the services (including without limitation the quality, reliability, timeliness, or cost to WMI of services) and/or Cinrams satisfaction of any Service Level Requirements.

(d) Further Assurances. Cinram and WMI each agree to execute and deliver all such other and additional instruments and
documents and to do such other acts and things as may be necessary to more fully effectuate this Agreement.



8



---

(e) Successors and Assigns. This Agreement shall be binding upon and inure to the
benefit of, and shall be enforceable by, each of the parties hereto and their respective permitted assigns.

(f)
Notices. All notices, requests, claims, demands and other communications hereunder shall be in writing and shall be given or made (and shall be deemed to have been duly given or made upon receipt) by delivery in person, by courier service, by
telecopy or by registered or certified mail (postage prepaid, return receipt requested) to the respective parties at the following addresses (or at such other address for a party as shall be specified in a notice given in accordance with this
Section 8(f)):

WMI:

WEA International Inc

c/o WEA

75 Rockefeller Plaza

New York, New York 10019

Attn: President

Fax: (212) 258-3121

with copies to:

Warner Music Group

75 Rockefeller Plaza

New York, New York 10019

Attention: EVP & General Counsel

Fax: (212) 258-3092

Warner-Elektra-Atlantic Corporation

75 Rockefeller Plaza

New York, New York 10019

Attn: SVP, Business & Legal Affairs

Fax: (212) 275-3341

Warner Music Group

The Warner Building

28 Kensington Church Street

London W8 4EP

Attn: Chris Ancliff, General Counsel, International

Cinram:

Cinram International Inc.

2255 Markham Road

Scarborough, Ontario M1B 2W3

Canada

Attn: Steve Brown

Fax: (416) 298-0612

with a copy to:

Office of General Counsel

Cinram



9



---

860 Via de la Paz, Suite F4

Pacific Palisades, CA 90272

Attn: Howard Z. Berman, Esq.

Fax: 310-230-9969

(g) Headings. The descriptive headings contained in this Agreement are for convenience of reference only and shall not affect in
any way the meaning or interpretation of this Agreement.

(h) Severability. If any term or other provision of this
Agreement is invalid, illegal or incapable of being enforced by any federal, state, local or foreign statute, law, ordinance, regulation, code, order, other requirement or rule of law or by public policy, all other terms and provisions of this
Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any party hereto. Upon such determination that any
term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties hereto as closely as possible in an acceptable
manner in order that the transactions contemplated hereby are consummated as originally contemplated to the greatest extent possible.

(i) No Agency. WMI and Cinram each shall have the status of an independent contractor and nothing herein contained shall contemplate or constitute WMI as Cinrams agent or employee or Cinram
as WMIs agent or employee. This Agreement does not constitute or acknowledge any partnership or joint venture between WMI and Cinram.

(j) No Third-Party Beneficiaries. Except for the provisions of Sections 3(b) and 3(d) above relating to indemnified parties, this Agreement shall be binding upon and inure solely to the
benefit of the parties hereto and their permitted assigns and nothing herein, express or implied, is intended to or shall confer upon any other party any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this
Agreement.

(k)GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH,
THE LAWS OF THE STATE OF NEW YORK, APPLICABLE TO CONTRACTS EXECUTED IN AND TO BE PERFORMED ENTIRELY WITHIN THAT STATE. ALL ACTIONS AND PROCEEDINGS ARISING OUT OF OR RELATING TO THIS AGREEMENT SHALL BE HEARD AND DETERMINED IN ANY NEW YORK STATE OR
FEDERAL COURT SITTING IN THE CITY OF NEW YORK, AND THE PARTIES HERETO HEREBY IRREVOCABLY SUBMIT TO THE EXCLUSIVE JURISDICTION OF SUCH COURTS IN ANY SUCH ACTION OR PROCEEDING AND IRREVOCABLY WAIVE THE DEFENSE OF AN INCONVENIENT FORUM TO THE
MAINTENANCE OF ANY SUCH ACTION OR PROCEEDING. EACH PARTY HERETO IRREVOCABLY CONSENTS TO THE SERVICE OF ANY AND ALL PROCESS IN ANY SUCH ACTION OR PROCEEDING BY THE MAILING OF COPIES OF SUCH PROCESS TO SUCH PARTY AT ITS ADDRESS SPECIFIED
IN SECTION 8(f) HEREOF. THE PARTIES HERETO AGREE THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN
THIS SECTION 8(k) SHALL AFFECT THE RIGHT OF EITHER PARTY HERETO TO SERVE LEGAL PROCESS IN ANY OTHER MANNER PERMITTED BY LAW. THE CONSENTS TO JURISDICTION SET FORTH IN THIS SECTION 8(k) SHALL NOT CONSTITUTE GENERAL CONSENTS TO SERVICE OF
PROCESS IN THE STATE OF NEW YORK AND SHALL HAVE NO EFFECT FOR ANY PURPOSE EXCEPT AS PROVIDED IN THIS SECTION 8(k) AND



10



---

SHALL NOT BE DEEMED TO CONFER RIGHTS ON ANY PARTY OTHER THAN THE PARTIES HERETO.

(l)WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT TO ANY LITIGATION
DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY. EACH PARTY HERETO: (i) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY
OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER; AND (ii) ACKNOWLEDGES THAT IT AND THE OTHER PARTY HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE
MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 8(l).

(m) Consents. Except as specifically provided to the
contrary herein, if any consent, approval or authority is required from either party hereto, such consent, approval or authority shall not be unreasonably withheld or delayed.

(n) Limitation of Liability. **

(o) Joint and Several Liability.
Cinram International Inc., Cinram GmbH, and Cinram Operations UK Limited are and shall be jointly and severally liable for all representations, warranties and obligations (including without limitation indemnification obligations) of Cinram under
this Agreement.

(p) Entire Agreement; Amendment/Modification; Order of Precedence.



| | (i) | This Agreement, including any Exhibits hereto and any other appendices and attachments hereto or thereto (each of the foregoing hereby incorporated
into this Agreement by this reference), contains the entire understanding of the parties hereto relating to the subject matter hereof, and supersedes all prior and contemporaneous oral and written agreements, arrangements, understandings, proposals,
and discussions, and any amendments thereto, between the parties to this Agreement relating to the subject matter hereof (for the avoidance of doubt, excluding the International Manufacturing and PP&S Agreement, the US/Canada Manufacturing and
PP&S Agreement, and the US/Canada Transition
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



11



---

| | Agreement).
| | -----------



| | (ii) | Except as otherwise expressly provided herein, this Agreement may not be modified or amended except in writing executed by WMI and Cinram. In the event of an otherwise
irreconcilable conflict between the terms and conditions set forth in the main body of this Agreement and the terms and conditions set forth in any Exhibit hereto, the terms and conditions set forth in the main body of this Agreement shall control.
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

10. Definitions. For purposes of this Agreement, the following terms shall have the following meanings:

(a) Manufacturing and Distribution Services shall mean the services, functions and responsibilities described in the
International Manufacturing and PP&S Agreement, including without limitation the M&P Services and PP&S Services (as defined therein).

(b) Transition Services Period shall mean the period commencing on the Transition Date and continuing for such duration as requested by WMI, but not to extend beyond nine (9)
months following the Transition Date.

(c) US/Canada Transition Agreement shall mean that certain US/Canada
Transition Agreement executed on July 1, 2010 between and among Warner-Elektra-Atlantic Corporation, Cinram International Inc., Cinram Manufacturing LLC and Cinram Distribution LLC.

[SIGNATURE PAGE FOLLOWS]



12



---

IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly authorized
representatives as of the Execution Date.



|                       |  |                  
|---------------------- |  | -----------------
|WEA INTERNATIONAL INC.
|                       | 
|By:                    |  | /s/ Paul Robinson
|                       | 
|Name:                  |  | Paul Robinson    
|                       | 
|Title:                 |  | Vice President   
|                       | 
|Date:                  |  | November 16, 2010



|                          |  |                  
|------------------------- |  | -----------------
|CINRAM INTERNATIONAL INC.
|                          | 
|By:                       |  | /s/ John H. Bell 
|                          | 
|Name:                     |  | John H. Bell     
|                          | 
|Title:                    |  | CFO              
|                          | 
|Date:                     |  | November 16, 2010



|            |  |                  
|----------- |  | -----------------
|CINRAM GMBH
|            | 
|By:         |  | /s/ Steve Brown  
|            | 
|Name:       |  | Steve Brown      
|            | 
|Title:      |  |                  
|            | 
|Date:       |  | November 16, 2010



|                             |  |                  
|---------------------------- |  | -----------------
|CINRAM OPERATIONS UK LIMITED
|                             | 
|By:                          |  | /s/ Steve Brown  
|                             | 
|Name:                        |  | Steve Brown      
|                             | 
|Title:                       |  |                  
|                             | 
|Date:                        |  | November 16, 2010



13



---

IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly authorized
representatives as of the Execution Date.



|                       |  | 
|---------------------- |  | 
|WEA INTERNATIONAL INC.
|                       | 
|By:                    |  | 
|                       | 
|Name:                  |  | 
|                       | 
|Title:                 |  | 
|                       | 
|Date:                  |  | 



|                          |  | 
|------------------------- |  | 
|CINRAM INTERNATIONAL INC.
|                          | 
|By:                       |  | 
|                          | 
|Name:                     |  | 
|                          | 
|Title:                    |  | 
|                          | 
|Date:                     |  | 



|            |  |                   
|----------- |  | ------------------
|CINRAM GMBH
|            | 
|By:         |  | /s/ Louis Gasperut
|            | 
|Name:       |  | Louis Gasperut    
|            | 
|Title:      |  | EVP MD Europe     
|            | 
|Date:       |  | November 16, 2010 



|                             |  |                  
|---------------------------- |  | -----------------
|CINRAM OPERATIONS UK LIMITED
|                             | 
|By:                          |  | /s/ J.R. Brooks  
|                             | 
|Name:                        |  | James R. Brooks  
|                             | 
|Title:                       |  | Director         
|                             | 
|Date:                        |  | November 16, 2010



14