# EDGAR Filing Document

**Accession Number:** 0001855626
**File Stem:** 0001829126-26-001917
**Filing Date:** 2026-3
**Character Count:** 1469721
**Document Hash:** 974557343657d13f7dd84f115c9522c4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001829126-26-001917.hdr.sgml**: 20260304

**ACCESSION NUMBER**: 0001829126-26-001917

**CONFORMED SUBMISSION TYPE**: 1-A

**PUBLIC DOCUMENT COUNT**: 80

**FILED AS OF DATE**: 20260304

**DATE AS OF CHANGE**: 20260304

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RoyaltyTraders LLC
- **CENTRAL INDEX KEY:** 0001855626
- **STANDARD INDUSTRIAL CLASSIFICATION:** PATENT OWNERS & LESSORS [6794]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 862712690
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 1-A
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 024-12718
- **FILM NUMBER:** 26720190

**BUSINESS ADDRESS:**
- **STREET 1:** 1053 EAST WHITAKER MILL RD.
- **STREET 2:** SUTE 115
- **CITY:** RALEIGH
- **STATE:** NC
- **ZIP:** 27604
- **BUSINESS PHONE:** 919-324-2945

**MAIL ADDRESS:**
- **STREET 1:** 1053 EAST WHITAKER MILL RD
- **STREET 2:** SUITE 115
- **CITY:** RALEIGH
- **STATE:** NC
- **ZIP:** 27604

## Part

AN OFFERING STATEMENT PURSUANT TO REGULATION A RELATING TO THESE SECURITIES HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION. INFORMATION CONTAINED IN THIS PRELIMINARY OFFERING CIRCULAR IS SUBJECT TO COMPLETION OR AMENDMENT. THESE SECURITIES MAY NOT BE SOLD NOR MAY OFFERS TO BUY BE ACCEPTED BEFORE THE OFFERING STATEMENT FILED WITH THE COMMISSION IS QUALIFIED. THIS PRELIMINARY OFFERING CIRCULAR SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR MAY THERE BE ANY SALES OF THESE SECURITIES IN ANY STATE IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL BEFORE REGISTRATION OR QUALIFICATION UNDER THE LAWS OF ANY SUCH STATE. WE MAY ELECT TO SATISFY OUR OBLIGATION TO DELIVER A FINAL OFFERING CIRCULAR BY SENDING YOU A NOTICE WITHIN TWO BUSINESS DAYS AFTER THE COMPLETION OF OUR SALE TO YOU THAT CONTAINS THE URL WHERE THE OFFERING CIRCULAR WAS FILED MAY BE OBTAINED.

**Offering Circular Dated March 4, 2026**

**RoyaltyTraders LLC dba SongVest**

1053 East Whitaker Mill Rd., Suite 115

Raleigh, NC 27604

(919) 324-2945

www.songvest.com

**Best Efforts Offering of Royalty Share Units**

RoyaltyTraders LLC dba SongVest, a Delaware limited liability company (which we refer to as "SongVest", "we," "us," "our" or "our company"), is offering, on a best efforts basis, units (the "Royalty Share Units") representing the right to a portion of specified royalty sharing agreements (each, a "Royalty Share Agreement") identified in the "Royalty Share Offering Table" beginning on page iii. The Royalty Share Units will be made available for purchase via the web-based investment platform www.songvest.com, (the "SongVest Platform"), which is owned and operated by our affiliate RT2, LLC, ("RT2"), a Delaware limited liability company which is under common control with our company.

All of the Royalty Share Units of our company offered hereunder may collectively be referred to in this Offering Circular as the "Royalty Share Units" and each, individually, as a "Royalty Share Unit." The Royalty Share Agreements described above may collectively be referred to in this Offering Circular as the "Royalty Share Agreements" and each, individually, as a "Royalty Share Agreement." Finally, the offerings of the Royalty Share Units may collectively be referred to in this Offering Circular as the "offerings" and each, individually, as an "offering." See "Securities Being Offered" for additional information regarding the Royalty Share Units.

The Royalty Share Units represent the contractual right to receive a portion of any royalty stream from the music portfolio underlying Royalty Share Agreements. SongVest will enter into Royalty Share Agreements with music portfolio owners to obtain rights to the music portfolio which, once the purchase option is executed, will result in SongVest receiving all of, or a portion of the royalties generated by that portfolio. Investors will acquire Royalty Share Units from SongVest to receive a pro rata portion of what SongVest has received (net of SongVest's Administrative Fee) based on the number of Royalty Share Units that investor holds compared to the outstanding number of Royalty Share Units for that asset. Purchasing the Royalty Share Units does not confer to the investor any ownership in our company or the underlying music portfolio.

There will be a separate closing with respect to each offering. The closing of an offering will occur on the earliest to occur of (i) the date subscriptions for the number of Royalty Share Units offered for a Royalty Share Agreement have been accepted or (ii) a date determined by our company in its sole discretion, provided that subscriptions for the number of Units offered for a Royalty Share Agreement have been accepted. If closing has not occurred, an offering shall be terminated upon (i) the date which is one year from the date such Offering Circular or amendment thereof, as applicable, is qualified by the U.S. Securities and Exchange Commission, or the Commission, or (ii) any date on which our company elects to terminate the offering for a particular Royalty Share in its sole discretion. No securities are being offered by existing securityholders.

Each offering is being conducted on a "best efforts" basis pursuant to Tier 2 of Regulation A promulgated under the Securities Act of 1933, as amended. The subscription funds advanced by prospective investors as part of the subscription process will be held in a non-interest bearing escrow account with North Capital Private Securities Corporation and will not be commingled with the operating account of our company until, if and when there is a closing with respect to that investor group. Our company will be permitted to purchase Royalty Share Units alongside investors in offerings of series of Royalty Share Units conducted by our company at its discretion. The company will not use the proceeds raised from an offering for such purposes – rather, the company would use its own, separate cash reserves to purchase such Royalty Share Units.

---

| | | | |
|:---|:---|:---|:---|
|  | **Price to<br>public** | **Broker-Dealer<br>discount and<br>commissions<sup>(1)</sup>** | **Proceeds to<br>Issuer<sup>(5)</sup>** |
| **<u>"No Scrubs – TLC Version" Royalty Share Asset (Series 3)\*</u>** |  |  |  |
| Per Royalty Share Unit | $30.00 | $0.30 | $29.70 |
| Total Minimum<sup>(3)</sup> | $0.00 | $0.00 | $0.00 |
| Total Maximum<sup>(3)</sup> | $56640.00 | $566.40 | $56073.60 |
| **<u>"Creep – TLC Version" Royalty Share Asset (Series 3)\*</u>** |  |  |  |
| Per Royalty Share Unit | $30.00 | $0.30 | $29.70 |
| Total Minimum<sup>(3)</sup> | $0.00 | $0.00 | $0.00 |
| Total Maximum<sup>(3)</sup> | $73200.00 | $732.00 | $72468.00 |
| **<u>Beyonce - "Radio" Royalty Share Asset (Series 2)\*</u>** |  |  |  |
| Per Royalty Share Unit | $36.00 | $0.36<sup>(2)</sup> | $35.64 |
| Total Minimum<sup>(3)</sup> | $0.00 | $0.00 | $0.00 |
| Total Maximum<sup>(3)</sup> | $28908.00 | $289.08 | $28618.92 |
| **<u>Beyonce - "Countdown" and More) Royalty Share Asset (Series 3)</u>** |  |  |  |
| Per Royalty Share Unit | $72.00 | $0.72<sup>(2)</sup> | $71.28 |
| Total Minimum<sup>(3)</sup> | $0.00 | $0.00 | $0.00 |
| Total Maximum<sup>(3)</sup> | $3960.00 | $39.60 | $3920.40 |
| **<u>Young Thug – "Best Friend" Royalty Share Asset (Series 2)\*</u>** |  |  |  |
| Per Royalty Share Unit | $36.00 | $0.36<sup>(2)</sup> | $35.64 |
| Total Minimum<sup>(3)</sup> | $0.00 | $0.00 | $0.00 |
| Total Maximum<sup>(3)</sup> | $10224.00 | $102.24 | $10121.76 |
| **<u>Queen - "Under Pressure" Royalty Share Asset (Series 2)\*</u>** |  |  |  |
| Per Royalty Share Unit | $98.00 | $0.98<sup>(2)</sup> | $97.02 |
| Total Minimum<sup>(3)</sup> | $0.00 | $0.00 | $0.00 |
| Total Maximum<sup>(3)</sup> | $90650.00 | $906.50 | $89743.50 |
| **<u>Queen - "I Want it All" Royalty Share Asset (Series 2)\*</u>** |  |  |  |
| Per Royalty Share Unit | $98.00 | $0.98<sup>(2)</sup> | $97.02 |
| Total Minimum<sup>(3)</sup> | $0.00 | $0.00 | $0.00 |
| Total Maximum<sup>(3)</sup> | $147294.00 | $1472.94 | $145821.06 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Price to<br>public** | **Broker-Dealer<br>discount and<br>commissions<sup>(1)</sup>** | **Proceeds to<br>Issuer<sup>(5)</sup>** |
| **<u>Queen - "The Show Must Go On" Royalty Share Asset (Series 2)\*</u>** |  |  |  |
| Per Royalty Share Unit | $98.00 | $0.98<sup>(2)</sup> | $97.02 |
| Total Minimum<sup>(3)</sup> | $0.00 | $0.00 | $0.00 |
| Total Maximum<sup>(3)</sup> | $111132.00 | $1111.32 | $110020.68 |
| **<u>Queen - "Bohemian Rhapsody Soundtrack" Royalty Share Asset (Series 2)\*</u>** |  |  |  |
| Per Royalty Share Unit | $98.00 | $0.98<sup>(2)</sup> | $97.02 |
| Total Minimum<sup>(3)</sup> | $0.00 | $0.00 | $0.00 |
| Total Maximum<sup>(3)</sup> | $27832.00 | $278.32 | $27553.68 |
| **<u>Queen - "A Kind of Magic" Royalty Share Asset (Series 2)\*</u>** |  |  |  |
| Per Royalty Share Unit | $98.00 | $0.98<sup>(2)</sup> | $97.02 |
| Total Minimum<sup>(3)</sup> | $0.00 | $0.00 | $0.00 |
| Total Maximum<sup>(3)</sup> | $126616.00 | $1266.16 | $125349.84 |
| **<u>Duran Duran - "Ordinary World" Royalty Share Asset (Series 2)</u>** |  |  |  |
| Per Royalty Share Unit | $63.00 | $0.63<sup>(2)</sup> | $62.37 |
| Total Minimum<sup>(3)</sup> | $0.00 | $0.00 | $0.00 |
| Total Maximum<sup>(3)</sup> | $17451.00 | $174.51 | $17276.49 |
| **<u>Duran Duran - "Come Undone" Royalty Share Asset (Series 2)</u>** |  |  |  |
| Per Royalty Share Unit | $63.00 | $0.63<sup>(2)</sup> | $62.37 |
| Total Minimum<sup>(3)</sup> | $0.00 | $0.00 | $0.00 |
| Total Maximum<sup>(3)</sup> | $12285.00 | $122.85 | $12162.15 |
| **<u>Taboo (feat. Angelica Nicole) – "Stand Strong" Royalty Share Asset</u>** |  |  |  |
| Per Royalty Share Unit | $25.00 | $0.25 <sup>(2)</sup> | $24.75 |
| Total Minimum<sup>(3)</sup> | $25200.00 | $252.00 | $24948.00 |
| Total Maximum<sup>(3)</sup> | $126000.00 | $1260.00 | $124740.00 |
| **<u>Chris Brown – "Go Crazy" Royalty Share Asset</u>** |  |  |  |
| Per Royalty Share Unit | $63.00 | $0.63<sup>(2)</sup> | $62.37 |
| Total Minimum<sup>(3)</sup> | $1.26 | $0.01 | $1.25 |
| Total Maximum<sup>(3)</sup> | $298872.00 | $2988.72 | $295883.28 |
| **<u>Jeremih - "Birthday Sex" Royalty Share Asset</u>** |  |  |  |
| Per Royalty Share Unit | $63.00 | $0.63<sup>(2)</sup> | $62.37 |
| Total Minimum<sup>(3)</sup> | $0.00 | $0.00 | $0.00 |
| Total Maximum<sup>(3)</sup> | $328167.00 | $3281.67 | $324885.33 |
| **<u>Sean Paul (feat. Dua Lipa) - "No Lie" Royalty Share Asset</u>** |  |  |  |
| Per Royalty Share Unit | $63.00 | $0.63<sup>(2)</sup> | $62.37 |
| Total Minimum<sup>(3)</sup> | $0.00 | $0.00 | $0.00 |
| Total Maximum<sup>(3)</sup> | $242424.00 | $2424.24 | $239999.76 |
| **<u>Jason Derulo (feat. French Montana) - "Tip Toe" Royalty Share Asset</u>** |  |  |  |
| Per Royalty Share Unit | $63.00 | $0.63<sup>(2)</sup> | $62.37 |
| Total Minimum<sup>(3)</sup> | $0.00 | $0.00 | $0.00 |
| Total Maximum<sup>(3)</sup> | $39627.00 | $396.27 | $39230.73 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Price to<br>public** | **Broker-Dealer<br>discount and<br>commissions<sup>(1)</sup>** | **Proceeds to<br>Issuer<sup>(5)</sup>** |
| **<u>Chris Brown & Pitbull - Vol. 1 Royalty Share Asset</u>** |  |  |  |
| Per Royalty Share Unit | $63.00 | $0.63<sup>(2)</sup> | $62.37 |
| Total Minimum<sup>(3)</sup> | $0.00 | $0.00 | $0.00 |
| Total Maximum<sup>(3)</sup> | $40635.00 | $406.35 | $40228.65 |
| **<u>Bebe Rexha, Drake & Nelly Furtado – Vol. 1 Royalty Share Asset</u>** |  |  |  |
| Per Royalty Share Unit | $63.00 | $0.63<sup>(2)</sup> | $62.37 |
| Total Minimum<sup>(3)</sup> | $1.26 | $0.01 | $1.25 |
| Total Maximum<sup>(3)</sup> | $87570.00 | $875.70 | $86694.30 |
| **<u>The Struts – "Body Talks" Royalty Share Asset</u>** |  |  |  |
| Per Royalty Share Unit | $63.00 | $0.63<sup>(2)</sup> | $62.37 |
| Total Minimum<sup>(3)</sup> | $1.26 | $0.01 | $1.25 |
| Total Maximum<sup>(3)</sup> | $20790.00 | $207.90 | $20582.10 |
| **<u>Dua Lipa – "Blow Your Mind" Royalty Share Asset</u>** |  |  |  |
| Per Royalty Share Unit | $63.00 | $0.63<sup>(2)</sup> | $62.37 |
| Total Minimum<sup>(3)</sup> | $1.26 | $0.01 | $1.25 |
| Total Maximum<sup>(3)</sup> | $119637.00 | $1196.37 | $118440.63 |
| **<u>Kat Dahlia – "I Think I'm In Love" Royalty Share Asset</u>** |  |  |  |
| Per Royalty Share Unit | $63.00 | $0.63<sup>(2)</sup> | $62.37 |
| Total Minimum<sup>(3)</sup> | $1.26 | $0.01 | $1.25 |
| Total Maximum<sup>(3)</sup> | $41454.00 | $414.54 | $41039.46 |
| **<u>One Direction – "Nobody Cares" & "Last First Kiss" Royalty Share Asset</u>** |  |  |  |
| Per Royalty Share Unit | $63.00 | $0.63<sup>(2)</sup> | $62.37 |
| Total Minimum<sup>(3)</sup> | $1.26 | $0.01 | $1.25 |
| Total Maximum<sup>(3)</sup> | $22176.00 | $221.76 | $21954.24 |
| **<u>One Direction – "Kiss You" Royalty Share Asset</u>** |  |  |  |
| Per Royalty Share Unit | $63.00 | $0.63<sup>(2)</sup> | $62.37 |
| Total Minimum<sup>(3)</sup> | $1.26 | $0.01 | $1.25 |
| Total Maximum<sup>(3)</sup> | $59850.00 | $598.50 | $59251.50 |
| **<u>One Direction – "Live While We're Young" Royalty Share Asset</u>** |  |  |  |
| Per Royalty Share Unit | $63.00 | $0.63<sup>(2)</sup> | $62.37 |
| Total Minimum<sup>(3)</sup> | $1.26 | $0.01 | $1.25 |
| Total Maximum<sup>(3)</sup> | $54558.00 | $545.58 | $54012.42 |
| **<u>Rachel Platten – "Better Place" Royalty Share Asset</u>** |  |  |  |
| Per Royalty Share Unit | $63.00 | $0.63<sup>(2)</sup> | $62.37 |
| Total Minimum<sup>(3)</sup> | $1.26 | $0.01 | $1.25 |
| Total Maximum<sup>(3)</sup> | $43281.00 | $432.81 | $42848.19 |
| **<u>Rachel Platten – "Stand By You" Royalty Share Asset</u>** |  |  |  |
| Per Royalty Share Unit | $63.00 | $0.63<sup>(2)</sup> | $62.37 |
| Total Minimum<sup>(3)</sup> | $1.26 | $0.01 | $1.25 |
| Total Maximum<sup>(3)</sup> | $74151.00 | $741.51 | $73409.49 |
| **<u>Rachel Platten – "Fight Song" Royalty Share Asset</u>** |  |  |  |
| Per Royalty Share Unit | $63.00 | $0.63<sup>(2)</sup> | $62.37 |
| Total Minimum<sup>(3)</sup> | $1.26 | $0.01 | $1.25 |
| Total Maximum<sup>(3)</sup> | $244125.00 | $2441.25 | $241683.75 |
| **<u>Ariana Grande & Lady Gaga – "Rain On Me" Royalty Share Asset</u>** |  |  |  |
| Per Royalty Share Unit | $63.00 | $0.63<sup>(2)</sup> | $62.37 |
| Total Minimum<sup>(3)</sup> | $1.26 | $0.01 | $1.25 |
| Total Maximum<sup>(3)</sup> | $318465.00 | $3184.65 | $315280.35 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Price to<br>public** | **Broker-Dealer<br>discount and<br>commissions<sup>(1)</sup>** | **Proceeds to<br>Issuer<sup>(5)</sup>** |
| **<u>Kenny G & Luther Vandross – Vol. 1 Royalty Share Asset</u>** |  |  |  |
| Per Royalty Share Unit | $63.00 | $0.63<sup>(2)</sup> | $62.37 |
| Total Minimum<sup>(3)</sup> | $1.26 | $0.01 | $1.25 |
| Total Maximum<sup>(3)</sup> | $24440.00 | $244.44 | $24199.56 |
| **<u>Michael Bolton – Vol. 1 Royalty Share Asset</u>** |  |  |  |
| Per Royalty Share Unit | $63.00 | $0.63<sup>(2)</sup> | $62.37 |
| Total Minimum<sup>(3)</sup> | $1.26 | $0.01 | $1.25 |
| Total Maximum<sup>(3)</sup> | $37863.00 | $378.63 | $37484.37 |
| **<u>Michael Bolton – Vol. 2 Royalty Share Asset</u>** |  |  |  |
| Per Royalty Share Unit | $63.00 | $0.63<sup>(2)</sup> | $62.37 |
| Total Minimum<sup>(3)</sup> | $1.26 | $0.01 | $1.25 |
| Total Maximum<sup>(3)</sup> | $33075.00 | $330.75 | $32744.25 |
| **<u>Mariah Carey – "Without You" Royalty Share Asset</u>** |  |  |  |
| Per Royalty Share Unit | $63.00 | $0.63<sup>(2)</sup> | $62.37 |
| Total Minimum<sup>(3)</sup> | $1.26 | $0.01 | $1.25 |
| Total Maximum<sup>(3)</sup> | $65079.00 | $650.79 | $64428.21 |
| **<u>Mariah Carey – "Hero" Royalty Share Asset</u>** |  |  |  |
| Per Royalty Share Unit | $63.00 | $0.63<sup>(2)</sup> | $62.37 |
| Total Minimum<sup>(3)</sup> | $1.26 | $0.01 | $1.25 |
| Total Maximum<sup>(3)</sup> | $59535.00 | $595.35 | $58939.65 |
| **<u>Mariah Carey – "One Sweet Day" Royalty Share Asset</u>** |  |  |  |
| Per Royalty Share Unit | $63.00 | $0.63<sup>(2)</sup> | $62.37 |
| Total Minimum<sup>(3)</sup> | $1.26 | $0.01 | $1.25 |
| Total Maximum<sup>(3)</sup> | $40194.00 | $401.94 | $39792.06 |
| **<u>Mariah Carey – "Love Takes Time" Royalty Share Asset</u>** |  |  |  |
| Per Royalty Share Unit | $63.00 | $0.63<sup>(2)</sup> | $62.37 |
| Total Minimum<sup>(3)</sup> | $1.26 | $0.01 | $1.25 |
| Total Maximum<sup>(3)</sup> | $24885.00 | $248.85 | $24636.15 |
| **<u>Mariah Carey – Vol. 1 Royalty Share Asset</u>** |  |  |  |
| Per Royalty Share Unit | $63.00 | $0.63<sup>(2)</sup> | $62.37 |
| Total Minimum<sup>(3)</sup> | $1.26 | $0.01 | $1.25 |
| Total Maximum<sup>(3)</sup> | $49770.00 | $497.70 | $49272.30 |
| **<u>Totals</u>** |  |  |  |
| Total Minimum<sup>(3)</sup> | $25225.20 | $252.25 | $24972.95 |
| Total Maximum<sup>(3)</sup> | $3202819.00 | $32028.19 | $3170790.81 |

---

\* *A "second-price" auction was utilized to help our company determine the Royalty Share Unit price for this series being offered by our company, which was conducted during "testing the waters" period under Rule 255 of Regulation A. See "Plan of Distribution and Selling Securityholders – Price Discovery" for further information on how our company determined the offering price per share for this series of Royalty Share Units. There is no obligation for any person who indicated interest as part of the auction process to invest in the Royalty Share Units.*

(1) We have engaged Dalmore Group, LLC, member FINRA/SIPC ("Dalmore") to perform administrative and technology related functions in connection with this offering, but not for underwriting or placement agent services. Compensation to Dalmore includes a 1% commission payable to Dalmore for proceeds raised, as well as a one-time due diligence fee of $5,000 and one-time consulting fee of $10,000 payable by our company to Dalmore.

(2) For this offering, we intend to use a portion of our Sourcing Fee to pay the 1% commission and all expenses payable to Dalmore and our transfer agent.

(3) Because these are best efforts offerings, the actual public offering amounts and proceeds to us are not presently determinable and may be substantially less than each total maximum offering set forth above. Further, for each offering set forth above with a minimum offering amount, we will only close on investments and accept funds from investors if we have raised that minimum offering amount set forth above for that particular offering. Investors' funds will be placed in an escrow account until the applicable minimum offering is met. Escrowed funds will be invested only in investments permissible under SEC Rule 15c2-4 (See Notice 84-7). In the event the minimum offering amount is not met, all investors' funds will be promptly returned to each subscriber in accordance with SEC Rule 10b-9.

**In the event that the company becomes a reporting company under the Securities Exchange Act of 1934, the company intends to take advantage of the provisions that relate to "Emerging Growth Companies" under the JOBS Act of 2012. See "Ongoing Reporting and Supplements to this Offering Circular."**

**An investment in our Royalty Share Units involves a high degree of risk. See "Risk Factors" on <u>page 7</u> for a description of some of the risks that should be considered before investing in our Royalty Share Units.**

**Generally, no sale may be made to you in any offering if the aggregate purchase price you pay is more than 10% of the greater of your annual income or your net worth. Different rules apply to accredited investors and non-natural persons. Before making any representation that your investment does not exceed applicable thresholds, we encourage you to review Rule 251(d)(2)(i)(C) of Regulation A. For general information on investing, we encourage you to refer to <u>www.investor.gov</u>.**

**THE U.S. SECURITIES AND EXCHANGE COMMISSION DOES NOT PASS UPON THE MERITS OF OR GIVE ITS APPROVAL TO ANY SECURITIES OFFERED OR THE TERMS OF ANY OFFERING, NOR DOES IT PASS UPON THE ACCURACY OR COMPLETENESS OF ANY OFFERING CIRCULAR OR OTHER SOLICITATION MATERIALS. THESE SECURITIES ARE OFFERED PURSUANT TO AN EXEMPTION FROM REGISTRATION WITH THE COMMISSION; HOWEVER, THE COMMISSION HAS NOT MADE AN INDEPENDENT DETERMINATION THAT THE SECURITIES OFFERED ARE EXEMPT FROM REGISTRATION.**

**We are offering to sell, and seeking offers to buy, our Royalty Share Units only in jurisdictions where such offers and sales are permitted. You should rely only on the information contained in this Offering Circular. We have not authorized anyone to provide you with any information other than the information contained in this Offering Circular. The information contained in this Offering Circular is accurate only as of its date, regardless of the time of its delivery or of any sale or delivery of our Royalty Share Units. Neither the delivery of this Offering Circular nor any sale or delivery of our Royalty Share Units shall, under any circumstances, imply that there has been no change in our affairs since the date of this Offering Circular. This Offering Circular will be updated and made available for delivery to the extent required by the federal securities laws.**

This Offering Circular is following the Offering Circular format described in Part II (a)(1)(i) of Form 1-A.

**TABLE OF CONTENTS**

---

| | |
|:---|:---|
| [ROYALTY SHARE UNIT OFFERING TABLE](#a_001) | iii |
| [SUMMARY](#a_002) | 1 |
| [RISK FACTORS](#a_003) | 7 |
| [DILUTION](#a_004) | 14 |
| [PLAN OF DISTRIBUTION AND SELLING SECURITYHOLDERS](#a_005) | 15 |
| [USE OF PROCEEDS TO ISSUER](#a_006) | 27 |
| [THE UNDERLYING PORTFOLIO](#a_007) | 46 |
| [DESCRIPTION OF BUSINESS](#a_008) | 110 |
| [DESCRIPTION OF PROPERTY](#a_009) | 115 |
| [MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION](#a_010) | 116 |
| [DIRECTORS, EXECUTIVE OFFICERS AND SIGNIFICANT EMPLOYEES](#a_011) | 122 |
| [COMPENSATION OF DIRECTORS AND EXECUTIVE OFFICERS](#a_012) | 125 |
| [SECURITY OWNERSHIP OF MANAGEMENT AND CERTAIN SECURITYHOLDERS](#a_013) | 126 |
| [INTEREST OF MANAGEMENT AND OTHERS IN CERTAIN TRANSACTIONS](#a_014) | 127 |
| [SECURITIES BEING OFFERED](#a_015) | 129 |
| [ONGOING REPORTING AND SUPPLEMENTS TO THIS OFFERING CIRCULAR](#a_016) | 132 |
| [FINANCIAL STATEMENTS](#a_017) | F-1 |

---

i

**INFORMATION REGARDING FORWARD-LOOKING STATEMENTS**

The information contained in this Offering Circular includes some statements that are not historical and that are considered "forward-looking statements." Such forward-looking statements include, but are not limited to, statements regarding our development plans for our business; our strategies and business outlook; anticipated development of our company, our manager, our company, our affiliates, and the SongVest Platform; and various other matters (including contingent liabilities and obligations and changes in accounting policies, standards and interpretations). These forward-looking statements express our manager's expectations, hopes, beliefs, and intentions regarding the future. In addition, without limiting the foregoing, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipates", "believes", "continue", "could", "estimates", "expects", "intends", "may", "might", "plans", "possible", "potential", "predicts", "projects", "seeks", "should", "will", "would" and similar expressions and variations, or comparable terminology, or the negatives of any of the foregoing, may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements contained in this Offering Circular are based on current expectations and beliefs concerning future developments that are difficult to predict. Neither we nor our manager can guarantee future performance, or that future developments affecting our company, our manager, our affiliates, or the SongVest Platform will be as currently anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements.

All forward-looking statements attributable to us are expressly qualified in their entirety by these risks and uncertainties. These risks and uncertainties, along with others, are also described below under the heading "Risk Factors." Should one or more of these risks or uncertainties materialize, or should any of the parties' assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. You should not place undue reliance on any forward-looking statements and should not make an investment decision based solely on these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

ii

**ROYALTY SHARE UNITS OFFERING TABLE**

The table below shows key information related to the offering of each series of Royalty Share Units under this Offering Statement. Please also refer to "The Underlying Portfolio" and "Use of Proceeds" sections for further details.

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| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Royalty Share Unit Name <sup>(5)</sup>** | **Underlying Portfolio(s)** | **Offering<br>Price per<br>Unit<sup>(1)</sup>** | **Minimum<br>Offering<br>Amount<sup>(2)</sup>** | **Maximum<br>Offering<br>Amount<sup>(2)</sup>** | **Maximum<br>Units** | **Opening**<br> **Date** | **Closing**<br> **Date** | **Final**<br> **Amount Sold**<br> **($)** | **Distributions**<br> **Paid<br>($)** | **Status<sup>(4)</sup>** |
| "No Scrubs – TLC Version" (Series 3) | "No Scrubs – TLC Version" Sound Recording Owner's Share | $30 | $– $| 56640 | 1888 | N/A | N/A | N/A | N/A | Not Yet Qualified |
| "Creep – TLC Version" (Series 3) | "Creep – TLC Version" Sound Recording Owner's Share | $30 | $– $| 73200 | 2440 | N/A | N/A | N/A | N/A | Not Yet Qualified |
| Beyonce – "Radio" (Series 2) | "Beyonce's Radio" Producer's Share | $36 | $– $| 28908 | 803 | N/A | N/A | N/A | N/A | Not Yet Qualified |
| Beyonce – "Countdown and More" (Series 3) | Beyonce – "Countdown and More" Writer's Share | $72 | $– $| 3960 | 55 | N/A | N/A | N/A | N/A | Not Yet Qualified |
| "Young Thug – Best Friend" (Series 2) | "Best Friend" Writer's Share | $36 | $– $| 10224 | 284 | N/A | N/A | N/A | N/A | Not Yet Qualified |
| Queen - "Under Pressure" (Series 2) | "Under Pressure" Producer's Share | $98 | $– $| 90650 | 925 | N/A | N/A | N/A | N/A | Not Yet Qualified |
| Queen - "I Want It All (Series 2)" | "I Want It All Producer's Share | $98 | $– $| 147294 | 1503 | N/A | N/A | N/A | N/A | Not Yet Qualified |
| Queen - "The Show Must Go On" (Series 2) | "The Show Must Go On" Producer's Share | $98 | $– $| 111132 | 1134 | N/A | N/A | N/A | N/A | Not Yet Qualified |
| Queen - "Bohemian Rhapsody Soundtrack" (Series 2) | "Bohemian Rhapsody Soundtrack" Producer's Share | $98 | $– $| 27832 | 284 | N/A | N/A | N/A | N/A | Not Yet Qualified |
| Queen - "A Kind of Magic" (Series 2) | "A Kind of Magic" Producer's Share | $98 | $– $| 126616 | 1292 | N/A | N/A | N/A | N/A | Not Yet Qualified |
| Duran Duran – "Ordinary World" (Series 2) | "Duran Duran's Ordinary World" Sound Recording Owner's Share | $63 | $– $| 17451 | 277 | N/A | N/A | N/A | N/A | Not Yet Qualified |
| Duran Duran – <br>"Come Undone" (Series 2) | "Duran Duran's Come Undone" Sound Recording Owner's Share | $63 | $– $| 12285 | 195 | N/A | N/A | N/A | N/A | Not Yet Qualified |
| Taboo (feat. Angelica Nicole) - "Stand Strong" | Taboo (feat. Angelica Nicole) - "Stand Strong" Artist's Share of Sound Recording Royalties | $25 | $– $| 126000 | 5040 | N/A | N/A | N/A | N/A | Not Yet Qualified |
| "Chris Brown – <br>Go Crazy" | Chris Brown - "Go Crazy" Writer's Share of Public Performance Royalties | $63 | $– $| 298852 | 4744 | N/A | N/A | N/A | N/A | Not Yet Qualified |
| Jeremih - "Birthday Sex" | Jeremih - "Birthday Sex" Publisher's Share of Performance and Mechanical Royalties | $63 | $– $| 328167 | 5209 | N/A | N/A | N/A | N/A | Not Yet Qualified |
| Sean Paul (feat. Dua Lipa) - "No Lie" | Sean Paul (feat. Dua Lipa) - "No Lie" Writer's Share of Public Performance Royalties | $63 | $– $| 242424 | 3848 | N/A | N/A | N/A | N/A | Not Yet Qualified |
| Jason Derulo (feat. French Montana) - "Tip Toe" | Jason Derulo (feat. French Montana) - "Tip Toe" Writer's Share of Public Performance Royalties | $63 | $– $| 39627 | 629 | N/A | N/A | N/A | N/A | Not Yet Qualified |
| Chris Brown & Pitbull - Vol.1 | Chris Brown & Pitbull - Vol.1 Writer's Share of Public Performance Royalties | $63 | $– $| 40635 | 645 | N/A | N/A | N/A | N/A | Not Yet Qualified |
| Bebe Rexha, Drake & Nelly Furtado - Vol. 1 | Bebe Rexha, Drake & Nelly Furtado - Vol. 1 Writer's Share of Public Performance Royalties | $63 | $– $| 87570 | 1390 | N/A | N/A | N/A | N/A | Not Yet Qualified |
| The Struts – "Body Talks" | The Struts "Body Talks" – Writer's Share of Public Performance Royalties | $63 | $– $| 20790 | 330 | N/A | N/A | N/A | N/A | Not Yet Qualified |

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iii

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| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Royalty Share Unit Name <sup>(5)</sup>** | **Underlying Portfolio(s)** | **Offering<br>Price per<br>Unit<sup>(1)</sup>** | **Minimum<br>Offering<br>Amount<sup>(2)</sup>** | **Maximum<br>Offering<br>Amount<sup>(2)</sup>** | **Maximum<br>Units** | **Opening**<br> **Date** | **Closing**<br> **Date** | **Final**<br> **Amount Sold**<br> **($)** | **Distributions**<br> **Paid<br>($)** | **Status<sup>(4)</sup>** |
| Dua Lipa – "Blow Your Mind" | Dua Lipa – "Blow Your Mind" Writer's Share of Public Performance Royalties | $63 | $– $| 119637 | 1899 | N/A | N/A | N/A | N/A | Not Yet Qualified |
| Kat Dahlia – "I Think I'm In Love" | Kat Dahlia "I Think I'm In Love" Writer's Share of Public Performance Royalties | $63 | $– $| 41454 | 658 | N/A | N/A | N/A | N/A | Not Yet Qualified |
| One Direction – "Nobody Compares & Last First Kiss" | One Direction – "Nobody Compares & Last First Kiss" Producer's Share of Sound Recording Royalties | $63 | $– $| 22176 | 352 | N/A | N/A | N/A | N/A | Not Yet Qualified |
| One Direction – "Kiss You" | One Direction – "Kiss You" Producer's Share of Sound Recording Royalties | $63 | $– $| 59850 | 950 | N/A | N/A | N/A | N/A | Not Yet Qualified |
| One Direction – "Live While We're Young" | One Direction – "Live While We're Young" Producer's Share of Sound Recording Royalties | $63 | $– $| 54558 | 866 | N/A | N/A | N/A | N/A | Not Yet Qualified |
| Rachel Platten – "Better Place" | Rachel Platten – "Better Place" Sound Recording Producer's Share | $63 | $– $| 43281 | 687 | N/A | N/A | N/A | N/A | Not Yet Qualified |
| Rachel Platten – "Stand by You" | Rachel Platten – "Stand by You" Sound Recording Producer's Share | $63 | $– $| 74151 | 1177 | N/A | N/A | N/A | N/A | Not Yet Qualified |
| Rachel Platten – "Fight Song" | Rachel Platten – "Fight Song" Producer's Share of Sound Recording Royalties | $63 | $– $| 244125 | 3875 | N/A | N/A | N/A | N/A | Not Yet Qualified |
| Arianna Grande & Lady Gaga – "Rain On Me" | Arianna Grande & Lady Gaga – "Rain On Me" Writer's Share of Public Performance Royalties | $63 | $– $| 318465 | 5055 | N/A | N/A | N/A | N/A | Not Yet Qualified |
| Kenny G. & Luther Vandross - Vol. 1 | Kenny G & Luther Vandross - Vol. 1 Producer's Share of Sound Recording Royalties | $63 | $– $| 24444 | 388 | N/A | N/A | N/A | N/A | Not Yet Qualified |
| Michael Bolton – Vol. 1 | Michael Bolton - Vol. 1 Producer's Share of Sound Recording Royalties | $63 | $– $| 37863 | 601 | N/A | N/A | N/A | N/A | Not Yet Qualified |
| Michael Bolton – Vol. 2 | Michael Bolton - Vol. 2 Producer's Share of Sound Recording Royalties | $63 | $– $| 33075 | 525 | N/A | N/A | N/A | N/A | Not Yet Qualified |
| Mariah Carey – "Without You" | Mariah Carey - "Without You" Producer's Share of Sound Recording Royalties | $63 | $– $| 65079 | 1033 | N/A | N/A | N/A | N/A | Not Yet Qualified |
| Mariah Carey – "Hero" | Mariah Carey - "Hero" Producer's Share of Sound Recording Royalties | $63 | $– $| 59535 | 945 | N/A | N/A | N/A | N/A | Not Yet Qualified |
| Mariah Carey – "One Sweet Day" | Mariah Carey - "One Sweet Day" Producer's Share of Sound Recording Royalties | $63 | $– $| 40194 | 638 | N/A | N/A | N/A | N/A | Not Yet Qualified |
| Mariah Carey – "Love Takes Time" | Mariah Carey - "Love Takes Time" Producer's Share of Sound Recording Royalties | $63 | $– $| 24885 | 395 | N/A | N/A | N/A | N/A | Not Yet Qualified |
| Mariah Carey – Vol. 1 | Mariah Carey - Vol. 1 Producer's Share of Sound Recording Royalties | $63 | $– $| 49770 | 790 | N/A | N/A | N/A | N/A | Not Yet Qualified |

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(1) The offering price per Royalty Share Unit for this offering was determined by our company.

(2) The Minimum Offering Amount is the minimum amount of proceeds our company must raise in order to close on investments in the applicable offering. The Maximum Offering Amount includes the cost to acquire the 100% of the Music Royalty Asset set forth in the "Underlying Portfolio(s)" column in the table above, and, as applicable, the Minimum Offering Amount represents the cost to a smaller percentage of that Music Royalty Asset (as set forth in the applicable Royalty Share Agreement). Each of the minimum and maximum offering amounts (with the exception of the "TLC" offerings) also includes the Sourcing Fee.

(3) Represents total distributions paid to holders of Royalty Share Units as of the date of this offering circular.

(4) In this column, "Not Yet Qualified" indicates offerings submitted for review to the SEC under this offering statement, but that have not yet been qualified by the SEC. "Open" indicates that the offering has been qualified by the SEC and the company is actively accepting investments in that offering. "Closed" indicates that the offering was previously Open and accepting investments but is now no longer accepting investments. "Withdrawn" indicates an offering that was either previously qualified by the SEC or submitted to the SEC for qualification in an offering statement that the company has subsequently decided to cancel, returning any investments received by the company from investors in that offering and preventing any future investment in that offering.

(5) From time to time, the Company may re-offer Royalty Share Units related to a Music Royalty Asset that was previously offered to investors in a prior qualified offering, but was not completely sold in that offering. In this column, a "Series [X]" designation indicates such an offering (i.e. "Series 2" would be the 2<sup>nd</sup> offering of Royalty Share Units related to the same underlying Music Royalty Asset). The underlying rights of the "Series [X]" Royalty Share Units are identical to those of the original offering, and flow from the same Royalty Share Agreement related to those Royalty Share Units that was filed with the original offering.

iv

The company previously offered is Royalty Share Units pursuant to an offering statement on Form 1-A (File No.: 024-12524), in which the Royalty Share Units set forth in the table below were offered and sold. On April 30, 2025, this offering was terminated.

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Royalty Share Unit Name<sup>(4)</sup>** | **Underlying Portfolio(s)** | **Offering<br>Price per<br>Unit<sup>(1)</sup>** | **Minimum<br>Offering<br>Amount<sup>(2)</sup>** | **Maximum<br>Offering<br>Amount<sup>(2)</sup>** | **Maximum<br>Units** | **Opening**<br> **Date** | **Closing Date** | **Final**<br> **Amount Sold**<br> **($)** | **Distributions**<br> **Paid<br>($)** |
| "No Scrubs – TLC Version" (Series 2) | "No Scrubs – TLC Version" Sound Recording Owner's Share | $120 | $– $| 61440 | 512 | December 20, 2024 | April 30, 2025 | $4800 | $2180.50 |
| "Creep – TLC Version" (Series 2) | "Creep – TLC Version" Sound Recording Owner's Share | $120 | $– $| 76200 | 635 | December 20, 2024 | April 30, 2025 | $3000 | $35.00 |
| "Beyonce's Radio" | "Beyonce's Radio" Producer's Share | $36 | $– $| 38880 | 1080 | December 20, 2024 | April 30, 2025 | $9972 | N/A |
| Beyonce - "Countdown" and More (Series 2) | "Beyonce's Countdown and More" Writer's Share | $72 | $– $| 37152 | 516 | December 20, 2024 | April 30, 2025 | $33192 | $2331.80 |
| "Young Thug – Best Friend" | "Best Friend" Writer's Share | $36 | $– $| 19872 | 552 | December 20, 2024 | April 30, 2025 | $9648 | N/A |
| "Under Pressure" | "Under Pressure" Producer's Share | $98 | $– $| 157486 | 1607 | December 20, 2024 | April 30, 2025 | $66836 | $586.72 |
| "I Want It All" | "I Want It All Producer's Share | $98 | $– $| 164444 | 1678 | December 20, 2024 | April 30, 2025 | $17150 | $64.89 |
| "The Show Must Go On" | "The Show Must Go On" Producer's Share | $98 | $– $| 123774 | 1263 | December 20, 2024 | April 30, 2025 | $12642 | $109.80 |
| "Bohemian Rhapsody Soundtrack" | "Bohemian Rhapsody Soundtrack" Producer's Share | $98 | $– $| 64484 | 658 | December 20, 2024 | April 30, 2025 | $36652 | $416.89 |
| "A Kind of Magic" | "A Kind of Magic" Producer's Share | $98 | $– $| 139062 | 1419 | December 20, 2024 | April 30, 2025 | $12446 | $163.41 |
| "Anything At All – 2024 Version" | "Anything At All – 2024 Version" Sound Recording Owner's Share | $63 | $– $| 63000 | 1000 | December 20, 2024 | April 30, 2025 | $5292 | N/A |
| "Duran Duran's Ordinary World" | "Duran Duran's Ordinary World" Sound Recording Owner's Share | $63 | $– $| 64134 | 1018 | March 31, 2025 | April 30, 2025 | $14616 | $1126.80 |
| "Duran Duran's Come Undone" | "Duran Duran's Come Undone" Sound Recording Owner's Share | $63 | $– $| 53676 | 852 | March 31, 2025 | April 30, 2025 | $14553 | $162.27 |

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(1) The offering price per Royalty Share Unit for this offering was determined by our company.

(2) The Minimum Offering Amount is the minimum amount of proceeds our company must raise in order to close on investments in the applicable offering. The Maximum Offering Amount includes the cost to acquire the 100% of the Music Royalty Asset set forth in the "Underlying Portfolio(s)" column in the table above, and, as applicable, the Minimum Offering Amount represents the cost to a smaller percentage of that Music Royalty Asset (as set forth in the applicable Royalty Share Agreement). Each of the minimum and maximum offering amounts (with the exception of the "TLC" offerings) also includes the Sourcing Fee.

(3) Represents total distributions paid to holders of Royalty Share Units as of the date of this offering circular.

(4) From time to time, the Company may re-offer Royalty Share Units related to a Music Royalty Asset that was previously offered to investors in a prior qualified offering, but was not completely sold in that offering. In this column, a "Series [X]" designation indicates such an offering (i.e. "Series 2" would be the 2<sup>nd</sup> offering of Royalty Share Units related to the same underlying Music Royalty Asset). The underlying rights of the "Series [X]" Royalty Share Units are identical to those of the original offering, and flow from the same Royalty Share Agreement related to those Royalty Share Units that was filed with the original offering.

v

The company previously offered is Royalty Share Units pursuant to an offering statement on Form 1-A (File No. 024-11532), in which the Royalty Share Units set forth in the table below were offered and sold. On September 27, 2024, this offering was terminated.

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Royalty Share Unit Name** | **Underlying Portfolio(s)** | **Offering<br>Price per<br>Unit** | **Minimum<br>Offering<br>Amount<sup>(2)</sup>** | **Maximum<br>Offering<br>Amount<sup>(2)</sup>** | **Maximum <br>Units** | **Opening<br>Date** | **Closing<br>Date** | **Final<br>Amount Sold<br>($)** | **Distributions<br>Paid<sup>(3)</sup>** |
| "Hit The Quan" | "Hit the Quan" Producer's Share | $16.00<sup>(1)</sup> | $31200 | $31200 | 1950 | September 30, 2021 | February 22, 2022 | $31200 | $18583.50 |
| "Sanguine Paradise" | "Sanguine Paradise" Writer's Share | $250.00<sup>(1)</sup> | $47500 | $158000 | 632 | February 9, 2022 | N/A | N/A | N/A |
| "Gang Forever" | "Gang Forever" Artist's Share | $250.00<sup>(1)</sup> | $57000 | $190000 | 760 | February 9, 2022 | N/A | N/A | N/A |
| "3 Headed Goat" | "3 Headed Goat" Writer's Share | $250.00<sup>(1)</sup> | $161500 | $537750 | 2151 | February 9, 2022 | N/A | N/A | N/A |
| "Chippass" | "Chippass" Record Label's Share | $250.00<sup>(1)</sup> | $13750 | $27750 | 111 | September 13, 2022 | October 13, 2022 | $27750 | $7535.79 |
| "DJ Fresh" | "DJ Fresh" Record Label's Share & Writer's Share | $300.00<sup>(1)</sup> | $39600 | $79200 | 264 | September 13, 2022 | N/A | N/A | N/A |
| "Runnin' (Lose It All)" | "Runnin' (Lose It All)" Writer's Share & Publisher's Share | $250.00<sup>(1)</sup> | $133250 | $266500 | 1066 | November 22, 2022 | N/A | N/A | N/A |
| "Fear No More" | "Fear No More" Writer's Share | $100.00<sup>(1)</sup> | $7700 | $14000 | 140 | November 22, 2022 | December 22, 2022 | $14000 | $3437.00 |
| "Cross Me" | "Cross Me" Writer's Share | $100.00<sup>(1)</sup> | $11500 | $21500 | 215 | November 22, 2022 | February 6, 2023 | $12300 | $1758.02 |
| "YoungBoy NBA – Drawing Symbols" | "YoungBoy NBA – Drawing Symbols" Writer's Share | $100.00<sup>(1)</sup> | $7700 | $13800 | 138 | January 3, 2023 | N/A | N/A | N/A |
| "Onyx, Travis Scott, The Notorious B.I.G. & More" | "Onyx, Travis Scott, The Notorious B.I.G. & More" Writer's Share (excluding Performance) & Publisher's Share | $150.00<sup>(1)</sup> | $33000 | $64500 | 430 | January 3, 2023 | February 2, 2023 | $64500 | $15411.20 |
| "Young L" | "Young L" Writer's Share & Co-Publisher's Share | $103.00<sup>(1)</sup> | $10197 | $20394 | 198 | March 6, 2023 | March 13, 2023 | $20394 | $5940.00 |
| "Cainon Lamb" | "Cainon Lamb" Writer's Share | $150.00<sup>(1)</sup> | $86250 | $171000 | 1140 | March 6, 2023 | April 30, 2023 | $104400 | $17761.92 |
| "Erik Cain" | "Erik Cain" Sound Recording Owner's Share | $100.00<sup>(1)</sup> | $15700 | $29800 | 298 | March 6, 2023 | March 24, 2023 | $29800 | $5748.42 |
| "No Scrubs – TLC Version" | "No Scrubs – TLC Version" Sound Recording Owner's Share | $100.00<sup>(1)</sup> | N/A | $130000 | 1300 | August 28, 2023 | September 21, 2024 | $78800 | $4441.99 |
| "Creep – TLC Version" | "Creep – TLC Version" Sound Recording Owner's Share | $100.00<sup>(1)</sup> | N/A | $105000 | 1050 | August 28, 2023 | September 21, 2024 | $41500 | $997.50 |
| "Diggin On You – TLC Version" | "Diggin On You – TLC Version" Sound Recording Owner's Share | $110.00<sup>(1)</sup> | N/A | $22000 | 200 | August 28, 2023 | July 31, 2024 | $22000 | $218.00 |
| "Swish Swish" | "Swish Swish" Writer's Share & Publisher's Share | $100.00 | $18200 | $36300 | 363 | December 6, 2023 | January 16, 2024 | $36300 | $2562.78 |
| "Allstar JR 3 Macs" | "Allstar JR 3 Macs" Sound Recording "Shaudie Man STEP" Owner's Share | $50.00 | $36550 | $73100 | 1462 | N/A | N/A | N/A | N/A |
| "Shaudie Man STEP" | Sound Recording Owner's Share | $50.00 | $19950 | $39900 | 798 | N/A | N/A | N/A | N/A |
| "Willie Taylor Soakin Wet" | "Willie Taylor Soakin Wet" Sound Recording Owner's Share | $50.00 | $19750 | $39500 | 790 | N/A | N/A | N/A | N/A |
| "Beyonce's Radio" | "Beyonce's Radio" Producer's Share | $30.00 | $16200 | $32400 | 1080 | July 12, 2024 | N/A | N/A | N/A |
| Bullet Boys – I Know There's Something Going On | "I Know There's Something Going On" Sound Recording Owner's Share | $50.00 | $15150 | $30250 | 605 | July 12, 2024 | N/A | N/A | N/A |
| Bullet Boys– Smooth Up In Ya – 2024 Version | "Smooth Up" Sound Recording Owner's Share | $60.00 | $18180 | $36300 | 605 | July 12, 2024 | N/A | N/A | N/A |
| Beyonce – "Countdown" and More | "Beyonce – Countdown and More" Writer's Share | $60.00 | $35160 | $70260 | 1171 | July 12, 2024 | September 21, 2024 | $39300 | N/A |
| "Justin Bieber's Rockin' Around the Christmas Tree" | "Rockin' Around the Christmas Tree" Producer's Share | $31.50 | $47250 | $94500 | 3000 | July 12, 2024 | N/A | N/A | N/A |
| "Young Thug – Best Friend" | "Best Friend" Writer's Share | $30.00 | $8280 | $16560 | 552 | July 12, 2024 | N/A | N/A | N/A |

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(1) The offering price per Royalty Share Unit for this offering was determined by our company. To assist in this determination, our company utilized a "second-price" auction during the testing the waters period under Rule 255 of Regulation A.

(2) The Minimum Offering Amount is the minimum amount of proceeds our company had to raise in order to close on investments in the applicable offering. The Maximum Offering Amount includes the cost to acquire the 100% of the Music Royalty Asset set forth in the "Underlying Portfolio(s)" column in the table above, and, as applicable, the Minimum Offering Amount represents the cost to a smaller percentage of that Music Royalty Asset (as set forth in the applicable Royalty Share Agreement). Each of the minimum and maximum offering amounts (with the exception of the "Hit the Quan" and "TLC" offerings) also includes the Sourcing Fee.

(3) Represents total distributions paid to holders of Royalty Share Units as of the date of this offering circular.

vi

**SUMMARY**

*The following summary is qualified in its entirety by the more detailed information appearing elsewhere in this Offering Circular. You should read the entire Offering Circular and carefully consider, among other things, the matters set forth in the section captioned "Risk Factors." You are encouraged to seek the advice of your attorney, tax consultant, and business advisor with respect to the legal, tax, and business aspects of an investment in our Royalty Share Units. All references in this Offering Circular to "$" or "dollars" are to United States dollars.*

**The Company**

**Overview**

Revenue generated in the music industry is expected to grow in the foreseeable future. A June 2019 Goldman Sachs equity research report forecasted that the recorded music market will hit $45 billion by 2030, driven by 1.15 billion users paying for music-streaming subscriptions and 40% penetration in developed markets such as the U.S. Despite this optimistic outlook, many record labels continue to seek alternative methods of financing while optimizing their digital marketing strategy in the music streaming economy. Further, while donation crowdfunding platforms like Kickstarter, and investment platforms like Royalty Exchange have seen some success in providing opportunities to invest in music to the public, investors and music fans still have limited access to investing in music royalty assets. Even those who do have access to top quality music royalty assets are faced with high fees, lack of transparency, and significant operational overheads. With high transactional costs and low transaction volumes, investors in music assets often suffer from illiquidity, resulting in long holding periods that make such investments inaccessible and unattractive for many investors.

We believe our offerings of Royalty Share Units offers a solution to this problem by allowing the public to acquire a portion of music royalties generated by their favorite artists' albums. The Royalty Share Units allow investors to invest in the royalty streams from compositions by their favorite artists and get royalty distributions related to those assets. Our Royalty Share Units will be offered exclusively via the SongVest Platform – a platform that combines crowdfunding, investing, and a social network involving fans to create a robust online marketplace where the public can acquire Royalty Share Units related to their favorite artists' music.

We plan to use the proceeds from these offerings of Royalty Share Units to acquire, hold and manage royalty interests derived from intellectual property created in the media industry ("Music Royalty Assets"). Music Royalty Assets are passive (non-operating) interests in media catalogs (collections of work) that provide the right to revenue produced from the catalog. As it relates to music catalogs, this includes revenue generated from streaming, downloads, physical album sales and other forms of usage by movies, television and advertisements. The Royalty Share Units being offered represent the right to a share of revenues flowing from the royalties generated by a particular Music Royalty Asset, which are acquired through Royalty Share Agreements that we enter into with the owners of those Music Royalty Assets.

We intend to acquire Music Royalty Assets ranging in price anywhere from $20,000 to $250,000. Some assets may also be below or above this range. Our mission is to democratize wealth accumulation by providing access, liquidity and transparency to investments in Music Royalty Assets.

Our company may charge a "Sourcing Fee" for Music Royalty Assets acquired using the proceeds from our offerings (the "Sourcing Fee"). The Sourcing Fee will be a percentage of the purchase price of the Music Royalty Asset set forth in the applicable Royalty Share Agreement for each offering, and will generally be set based on the level of difficulty and costs related to sourcing the particular Music Royalty Asset related to the series of Royalty Share Units. The Sourcing Fee will be determined for each offering in the sole discretion of our manager, and may be waived by our manager. Additionally, our company will receive an "Administrative Fee" of up to 10% of value of the value of the royalty payments collected by our company to be distributed to holders of the Royalty Share Units, as compensation for managing the Music Royalty Assets (and corresponding Royalty Share Agreements). The amount of the Administrative Fee will be determined by the company for each series of Royalty Share Units on an individual basis, and will only be received by our company if distributions are made to Royalty Share Unit holders. If no distributions are made, no Administrative Fees will be received by our company.

**History and Structure**

Our company is a limited liability company formed on March 18, 2021 pursuant to the Delaware Limited Liability Company Act, or the LLC Act.

From inception through October 2024, our operations were focused on both the offering and sale of Royalty Share Units, as well as the operation of the SongVest Platform, which allows investors to pick and invest in the royalty streams from compositions by artists, and receive royalty distributions from those assets. Additionally, the SongVest Platform allows investors to impact the success of artists with their albums. Record labels are provided with tools and strategies enabled by the SongVest Platform, such as email marketing, to collectively promote albums, potentially furthering the success of a release, and generating more revenue.

In October 2024, our company underwent a restructuring, whereby we became a wholly-owned subsidiary of SAJA LLC, a newly-formed Delaware limited liability company, and certain aspects of our operations – primarily, the ownership and operation of the SongVest Platform – were transferred into a newly-formed sister entity, RT2, which is also a wholly-owned subsidiary of SAJA LLC. Both our company and RT2 are managed by SAJA LLC. As a result of this restructuring, our company's sole business operation is the acquisition of Music Royalty Assets and making offers and sales of related Royalty Share Units. *See* "Interest of Management and Others in Certain Transactions" for more information on this restructuring, as well as for a description of certain agreements we entered into in connection with this restructuring.

**Manager**

Our company is managed by SAJA LLC, a Delaware limited liability company formed on October 3, 2024 ("SAJA"), which also owns 100% of our company. Throughout this Offering Circular, we refer to SAJA as the "manager".

The manager has identified the Music Royalty Assets that the proceeds of the offerings described in this Offering Circular will be used to purchase, and generally is responsible for the day-to-day operations of our company.

**Price Discovery**

To determine the per Royalty Share Unit price for each series of such units, we may utilize the SongVest Platform to conduct a "second-price" auction during a testing the waters period under Rule 255 of Regulation A. On the SongVest Platform, a page will display the projected number of Royalty Share Units to be offered in a particular series' offering in an auction environment. Each bidder can bid for as many or as few Royalty Share Units as they are willing to pay for, subject to a minimum bid size of one Royalty Share Unit. However, all winning test bidders have a projected payment based only on the lowest qualifying (successful) bid. The bid price will only increment higher when all Royalty Share Units of the next bid increment are completely bid out. Then the process repeats itself for the next round of bidding. If there are more successful bids than Royalty Share Units available, priority goes to the bidders whose bids are the highest and then to bidders who submitted their bids first in time. In order to beat a competing bidder, a bidder must bid a higher price per Royalty Share Unit than the other bidder(s), regardless of the number of Royalty Share Units that are being bid for. Bidding is conducted in $1.00 increments.

Any bids submitted in the "second-price" auction described above will only be non-binding indications of interest as required by Rule 255 of Regulation A. No commitments to invest or funds will be accepted prior to qualification of a series of Royalty Share Units. The "second-price" auction is solely being used to gauge interest and to help guide our company in determining a price for a particular offering of Royalty Share Units. Any person who indicated interest as part of the auction process has no obligation to invest or respond to the company's solicitations following qualification of the offering as the price determined by the auction. Our company has ultimate discretion as to what price will be set for all Royalty Share Units that it offers, and has no obligation to set a particular price based on the results of such an auction. We may also forego conducting a second-price auction altogether, and determine the price for our Royalty Share Units internally.

**Distributions**

The Royalty Share Units provide investors with the pro rata right to cash flow (consisting of music royalties) generated pursuant to a particular Royalty Share Agreement, following the deduction of Administrative Fees by our company. As royalties are paid to our company pursuant to a Royalty Share Agreement, we will place all those royalties in a designated bank account. Each quarter, all royalties received by our company pursuant to that Royalty Share Agreement will be distributed to the applicable Royalty Share Unitholders on a pro rata basis, after deducting the Administrative Fee. For the terms of each series of Royalty Share Unit being offered by our company, see the "Securities Being Offered" section of this Offering Circular.

**The Offerings**

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|:---|:---|
| **Securities being offered:** | We are offering the number of Royalty Share Units of each series at a price per interest set forth in the "Series Offering Table" section above.<br>Each series of Royalty Share Units relates to a different Music Royalty Asset, and has its own terms. See "Securities Being Offered" for further details. The Royalty Share Units are investment contracts which make royalty share payments based on the flow of royalties from a particular Music Royalty Asset, which is governed by the terms of the applicable Royalty Share Agreement relating to the Music Royalty Asset. The Royalty Share Units do not have any voting rights, and do not represent any ownership interest in our company. The purchase of a particular series of Royalty Share Units is an investment only in that particular Music Royalty Asset of our company and does not create any rights to royalty payments from any other Music Royalty Asset. The Royalty Share Agreements are structured as a purchase option, which gives us the right, but not the obligation to purchase a specific Music Royalty Asset subject to the agreement through the proceeds of the unit series offering related to that Music Royalty Asset. |
| **Minimum subscription:** | The minimum subscription by an investor is one (1) Royalty Share Unit. The per Royalty Share Unit price will vary by series. |
| **Broker:** | We have entered into an agreement with the Dalmore Group, LLC (the "Broker"), which is acting as our executing broker in connection with each offering. The Broker is a broker-dealer which is registered with the Commission and will be registered in each state where each offering will be made prior to the launch of such offering and with such other regulators as may be required to execute the sale transactions and provide related services in connection with each offering. The Broker is a member of Financial Industry Regulatory Authority, Inc., or FINRA, and the Securities Investor Protection Corporation, or SIPC. |
| **Restrictions on investment:** | Each investor must be a "qualified purchaser." See "Plan of Distribution and Selling Securityholders—Investor Suitability Standards" for further details. Our manager may, in its sole discretion, decline to admit any prospective investor, or accept only a portion of such investor's subscription, regardless of whether such person is a "qualified purchaser." Furthermore, our manager anticipates only accepting subscriptions from prospective investors located in states where the Broker is registered.<br>Generally, no sale may be made to you in any offering if the aggregate purchase price you pay is more than 10% of the greater of your annual income or net worth. Different rules apply to accredited investors and non-natural persons. Before making any representation that your investment does not exceed applicable thresholds, we encourage you to review Rule 251(d)(2)(i)(c) of Regulation A. For general information on investing, we encourage you to refer to <u>www.investor.gov</u>. |
| **Escrow account:** | For any offering with a minimum, the subscription funds advanced by prospective investors as part of the subscription process will be held in a non-interest-bearing escrow account with North Capital Private Securities Corporation, the "Escrow Agent", and will not be commingled with the operating account of any series of units until, if and when there is a closing with respect to that investor group. |

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When the Escrow Agent has received instructions from our manager that an offering will close and the investor's subscription is to be accepted (either in whole or part), then the Escrow Agent shall disburse such investor's subscription proceeds in its possession to the account of the particular series of units.<br>If any offering is terminated without a closing, or if a prospective investor's subscription is not accepted or is cut back due to oversubscription or otherwise, such amounts placed into escrow by prospective investors will be returned promptly to them without interest. Any costs and expenses associated with a terminated offering will be borne by our manager.<br>

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|:---|:---|
| **Offering period:** | There will be a separate closing with respect to each offering. The closing of an offering will occur on the earliest to occur of (i) the date subscriptions for the number of Royalty Share Units offered for a series have been accepted or (ii) a date determined by our manager in its sole discretion, provided that, if a minimum offering amount has been established, subscriptions for the minimum number of Royalty Share Units offered for that series have been accepted. If closing has not occurred, an offering shall be terminated upon (i) the date which is one year from the date such Offering Circular or amendment thereof, as applicable, is qualified by the Commission, which period may be extended with respect to a particular series by an additional six months by our manager in its sole discretion, or (ii) any date on which our manager elects to terminate the offering for a particular series of units in its sole discretion. No securities are being offered by existing securityholders. |

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 Our company bears all offering expenses and acquisition expenses described above on behalf of each series of Royalty Share Units that are offered by the company and will be reimbursed from the proceeds of each offering for certain offering expenses, but not for acquisition expenses or certain offering expenses (such as legal costs, etc.). See "Use of Proceeds to Issuer" and "Plan of Distribution and Selling Securityholders—Fees and Expenses" sections for further details.

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|:---|:---|:---|:---|
| **Risk factors:** | Investing in our Royalty Share Units involves risks. See the section entitled "Risk Factors" in this Offering Circular and other information included in this Offering Circular for a discussion of factors you should carefully consider before deciding to invest in our Royalty Share Units. Certain risks investors should consider include: | Investing in our Royalty Share Units involves risks. See the section entitled "Risk Factors" in this Offering Circular and other information included in this Offering Circular for a discussion of factors you should carefully consider before deciding to invest in our Royalty Share Units. Certain risks investors should consider include: | Investing in our Royalty Share Units involves risks. See the section entitled "Risk Factors" in this Offering Circular and other information included in this Offering Circular for a discussion of factors you should carefully consider before deciding to invest in our Royalty Share Units. Certain risks investors should consider include: |
|  |  | ● | We are an early-stage company with a limited track record and a limited operating history from which you can evaluate our company or the investment opportunities we are providing in this offering. |
|  |  | ● | Our auditor has issued a "going concern" opinion in the financial statements included with this offering circular. We currently are not generating sufficient revenue to carry out our planned business operations. We expect our operations to continue to consume substantial amounts of cash. |
|  |  | ● | We expect that, in order to maintain and grow our operations, we will need to promote multiple Royalty Share Unit offerings. There can be no assurance that we will be able to promote enough offerings to sustain our business model. |
|  |  | ● | There are few businesses that have pursued a strategy or investment objective similar to ours, which may make it difficult for our company and Royalty Share Units to gain market acceptance. |

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&nbsp;&nbsp;&nbsp;&nbsp;● We are substantially reliant on our ability to utilize the SongVest Platform.

&nbsp;&nbsp;&nbsp;&nbsp;● Our success depends in large part upon our manager and its ability to execute our business plan.

● In the event a royalty holder breaches the terms of a Royalty Share Agreement, we would have limited recourse and due to that we may not be able to collect the royalties the royalty holder represented and may not be able to get the funds paid to the royalty holder back to reimburse the investors.

&nbsp;&nbsp;&nbsp;&nbsp;● Potential breach of the security measures of the SongVest Platform could have a material adverse effect on our company.

● We may encounter limitations on the effectiveness of our internal controls and a failure of our internal controls to prevent error or fraud may harm our business and holders of Royalty Share Units.

● Income generated by music royalty rights may be reduced if the recorded music industry fails to grow or streaming revenue fails to grow at a sufficient rate to offset download and physical sales declines.

● Changes in technology may affect our ability to receive payments from music royalty rights.

● Failure to obtain, maintain, protect and enforce our intellectual property rights could substantially harm our business, operating results and financial condition.

&nbsp;&nbsp;&nbsp;&nbsp;● Digital piracy may lead to decreased sales in the recorded music industry and affect our ability to receive income from music royalty rights.

● Sellers of the Music Royalty Assets do not owe any fiduciary duties to us or our investors, and they have no obligation to enhance the value of the underlying music royalty rights or disclose information to our investors.

● Any amounts paid to holders of a particular series of Royalty Share Units will only reflect the royalty performance of the underlying Music Royalty Asset.

● There is currently no public trading market for our Royalty Share Units; there can be no assurance that any trading market will develop.

● If a market ever develops for our Royalty Share Units, the market price and trading volume may be volatile.

● There may be state law restrictions on an investor's ability to sell its Royalty Share Units making it difficult to transfer, sell or otherwise dispose of our Royalty Share Units.

● Investors in this offering may not be entitled to a jury trial with respect to claims arising under the subscription agreement, which could result in less favorable outcomes to the plaintiff(s) in any action under subscription agreement.

● Our subscription agreement has a forum selection provisions that requires that certain disputes be resolved in a court in the State of North Carolina, regardless of convenience or cost to shareholders.

**RISK FACTORS**

*The Royalty Share Units offered hereby are highly speculative in nature, involve a high degree of risk and should be purchased only by persons who can afford to lose their entire investment. There can be no assurance that our investment objectives will be achieved or that a secondary market would ever develop for our Royalty Share Units, whether via the SongVest Platform, via third party registered broker-dealers or otherwise. The risks described in this section should not be considered an exhaustive list of the risks that prospective investors should consider before investing in our Royalty Share Units. Prospective investors should obtain their own legal and tax advice prior to making an investment in our Royalty Share Units and should be aware that an investment in our Royalty Share Units may be exposed to other risks of an exceptional nature from time to time. The following considerations are among those that should be carefully evaluated before making an investment in our Royalty Share Units.*

**Risks Related to the Structure, Operation and Performance of our Company** 

***We are an early-stage company with a limited track record and a limited operating history from which you can evaluate our company or the investment opportunities we are providing in this offering.***

Our company was recently formed and has primarily generated revenues to date from operations that are secondary to our company's primary plan of operations (which is the acquiring and managing of Music Royalty Assets) and further, which our company no longer engages in as result of our October 2024 restructuring. With respect to acquiring and managing Music Royalty Assets, our company has limited operating history upon which prospective investors may evaluate its performance. No guarantee can be given that our company will successfully employ the Music Royalty Assets to create a return for investors.

***Our auditor has issued a "going concern" opinion in the financial statements included with this offering circular. We currently are not generating sufficient revenue to carry out our planned business operations. We expect our operations to continue to consume substantial amounts of cash.***

Our company's audited financials indicate substantial doubt about our company's ability to continue as a going concern. Our company reported net losses during the years ended December 31, 2024 and 2024, and reported negative cash flows from operations during the years ended December 31, 2024 and 2023. We expect that, until we acquire a sufficient amount of Music Royalty Assets, we will not be generating sufficient revenue to carry out our planned operations. In order to generate sufficient revenues to carry out our plan of operations and cover our expenses, including the expenses of our offerings, we believe we will need to continue to acquire Music Royalty Assets until we reach a sufficient scale. We expect that our costs may increase as we continue identifying and negotiating with artists and record labels and entering into new Royalty Share Agreements and thereby incurring more costs. Further, the Music Royalty Assets we license may still be in development (such as an incomplete music album from an artist) and therefore may not be generating sales when we acquire such assets. If a lack of available capital means that we are unable to expand our operations or otherwise take advantage of business opportunities, our business, financial condition and results of operations could be adversely affected.

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***We expect that, in order to maintain and grow our operations, we will need to promote multiple Royalty Share Unit offerings. There can be no assurance that we will be able to promote enough offerings to sustain our business model.***

Although SongVest already has a pipeline of royalty holders to seed our company with offerings, we will need to have a continuous pipeline of offerings that allow us to achieve certain economies of scale in regard to marketing, distribution and other functions. However, we may fail to have a sufficient pipeline of offerings to support our business model and we may fail to achieve economies of scale. There can be no assurance that we will be able to have a sufficient number of successful offerings to achieve revenues that exceed our costs and margins that justify our continued operations.

***There are few businesses that have pursued a strategy or investment objective similar to ours, which may make it difficult for our company and Royalty Share Units to gain market acceptance.***

We believe that few other companies crowd fund Music Royalty Assets or propose to run a platform for crowd funding Music Royalty Assets. Our company and our Royalty Share Units may not gain market acceptance from potential investors, potential asset sellers or service providers within the music industry. This could result in an inability of our manager to operate the Music Royalty Assets profitably. This could impact the issuance of further series of Royalty Share Units and additional Music Royalty Assets being acquired by us. This would further inhibit market acceptance of our company and if we do not acquire any additional Music Royalty Assets in a timely manner, it will be difficult for us to establish a sustainable business strategy and gain market acceptance.

***We are substantially reliant on our ability to utilize the SongVest Platform.***

Our strategy for offering and selling Royalty Share Units is substantially dependent on our ability to utilize the SongVest Platform. In October 2024, we entered into a Services Agreement with RT2, our affiliate and owner of the SongVest Platform, which provides us with access to, and use of the SongVest Platform to facilitate a number of functions related to our Royalty Share Unit offerings, including "testing the waters" communications, marketing, "second price" auctions, as hosting our offerings, as well as processing subscriptions. While both our company and RT2 is owned and managed by SAJA, if for any reason our Services Agreement were cancelled and we were no longer able to utilize the SongVest Platform, we would likely experience a significant material adverse effect as a result, and would likely have to expend significant financial and management resources towards finding an alternative platform to support our offerings – and we may ultimately be unsuccessful in pivoting away from the SongVest Platform.

***Our success depends in large part upon our manager and its ability to execute our business plan.***

The successful operation of our company is in part dependent on the ability of our manager to enter into Royalty Share Agreements for Music Royalty Assets. The success of our company (and therefore, each series of Royalty Share Units) will be highly dependent on the expertise and performance of our manager, its expert network and other investment professionals (which include third party experts) to source, acquire and manage the Music Royalty Assets. The loss of the services of one or both members of the manager could have a material adverse effect on the Music Royalty Assets, in particular, their ongoing management and ability to provide value for the holders of the series Royalty Share Units.

***In the event a royalty holder breaches the terms of a Royalty Share Agreement, we would have limited recourse and due to that we may not be able to collect the royalties the royalty holder represented and may not be able to get the funds paid to the royalty holder back to reimburse the investors.***

Each Royalty Share Agreement will be between a royalty holder and SongVest. Holders of our Royalty Share Units will have no rights under any Royalty Share Agreement, whether as third-party beneficiaries or otherwise. In the event that we terminate any Royalty Share Agreement due to a material breach by a royalty holder – for example, if the royalties they represent they owned were in fact not theirs to assign royalty income rights to – we will likely not make any royalty payments to holders of the relevant Royalty Share Units.

We intend to enforce all contractual obligations to the extent we deem necessary and in the best interests of our company and holders of Royalty Share Units. However, the royalty holder who misrepresents the royalties they have assigned in the Royalty Share Agreement may not return some or all of the payments they received as part of the sale of the Music Royalty Asset to SongVest, which means that Royalty Share Unit holders may not receive some or all of the investment they made in those units.

***Potential breach of the security measures of the SongVest Platform could have a material adverse effect on our company.***

The highly automated nature of the SongVest Platform through which potential investors bid during the testing the waters phase, or acquire Royalty Share Units may make it an attractive target and potentially vulnerable to cyber-attacks, computer viruses, physical or electronic break-ins or similar disruptions. The SongVest Platform processes certain confidential information about investors, and while there are measures in place to protect confidential information and maintain appropriate cybersecurity of the SongVest Platform, there can be no guarantee that such measures will be sufficient to prevent a cybersecurity breach of the data of the SongVest Platform. Any accidental or willful security breaches or other unauthorized access to the SongVest Platform could cause confidential information to be stolen and used for criminal purposes or have other harmful effects. Security breaches or unauthorized access to confidential information could also expose RT2, LLC or our shared parent company and manager to liability related to the loss of the information or time-consuming and expensive litigation. It could also expose us to negative publicity, or loss of the proprietary nature of our manager's and our affiliates' trade secrets. If security measures are breached because of third-party action, employee error, malfeasance or otherwise, or if design flaws in the SongVest Platform software are exposed and exploited, the relationships between our company, investors, users and the asset sellers could be severely damaged, and our company could incur liability or have its attention significantly diverted from utilization of the Music Royalty Assets, which could have a material negative impact on the value and payments available for the Royalty Share Units.

Because techniques used to sabotage or obtain unauthorized access to systems change frequently and generally are not recognized until they are launched against a target, we, the third-party hosting used by the SongVest Platform and other third-party service providers may be unable to anticipate these techniques or to implement adequate preventative measures. In addition, federal regulators and many federal and state laws and regulations require companies to notify individuals of data security breaches involving their personal data. These mandatory disclosures regarding a security breach are costly to implement and often lead to widespread negative publicity, which may cause investors, the asset sellers or service providers within the industry, including insurance companies, to lose confidence in the effectiveness of the secure nature of the SongVest Platform. Any security breach, whether actual or perceived, could harm our reputation and that of the SongVest Platform, which is an integral part of our business and offering ecosystem. This could impair our ability to achieve our objectives of acquiring additional Music Royalty Assets through the issuance of further series of Royalty Share Units and monetizing them together with existing assets through revenue generating events and leasing opportunities.

***We may encounter limitations on the effectiveness of our internal controls and a failure of our internal controls to prevent error or fraud may harm our business and holders of Royalty Share Units.***

Because we operate with minimal employees, we may encounter limitations on the effectiveness of our internal controls over financial reporting, public disclosures and other matters. For example, as a result of our staffing, our processing of financial information may suffer from a lack of segregation of duties, such that journal entries and account reconciliations are not reviewed by someone other than the preparer. If we encounter limitations on the effectiveness of our internal controls and are unable to remediate them, we may not be able to report our financial results accurately, prevent fraud or file our periodic reports as a Regulation A reporting company in an accurate, complete and timely manner. This could harm our business and holders of Royalty Share Units.

**Risks Related to the Music Industry**

***Income generated by music royalty rights may be reduced if the recorded music industry fails to grow or streaming revenue fails to grow at a sufficient rate to offset download and physical sales declines.***

Legal digital music continues to dominate the recorded music industry's revenue stream, with streaming revenue accounting for the largest share of overall revenue in the recorded music business. According to the International Federation of the Phonographic Industry ("IFPI") 2025 Global Music Report, global recorded music revenues grew for the tenth consecutive year in 2024, increasing 4.8% to US $29.6 billion and driven primarily by digital formats. Streaming remained the dominant format globally in 2024, accounting for approximately 69% of total recorded music revenues and generating over US $20 billion in revenue, with paid subscription streaming revenues rising around 9.5% and total paid subscribers reaching about 752 million worldwide. In the United States, recorded music revenue also reached record levels in 2024, with streaming making up a significant majority (about 84%) of total revenue and more than 100 million paid subscribers, reflecting both global and domestic trends toward digital consumption. There can be no assurances that this growth pattern will persist or that digital revenue will grow at a rate sufficient to offset declines in physical sales, or that changes in streaming models will not negatively impact income generated from our music royalty rights. A declining recorded music industry is likely to lead to reduced levels of revenue and operating income generated by the recorded music business. There are also a variety of factors that could cause the prices in the recorded music industry to be reduced. They are, among others, consumption during a global pandemic and fear for economic downturns, price competition from the sale of motion pictures and videogames in physical and digital formats, the negotiating leverage of mass merchandisers, big-box retailers and distributors of digital music, the increased costs of doing business with mass merchandisers and big-box retailers as a result of complying with operating procedures that are unique to their needs and any associated changes.

***Changes in technology may affect our ability to receive payments from music royalty rights.***

The recorded music business is dependent in part on technological developments, including access to and selection and viability of new technologies, and is subject to potential pressure from competitors as a result of their technological developments. For example, the recorded music business may be further adversely affected by technological developments that facilitate the piracy of music, such as Internet peer-to-peer filesharing activity, by an inability to enforce intellectual property rights in digital environments, and by a failure to develop successful business models applicable to a digital environment. The recorded music business also faces competition from other forms of entertainment and leisure activities, such as cable and satellite television, motion pictures, and videogames, whether in physical or digital formats. The new digital business, including the impact of ad-supported music services, some of which may be able to avail themselves of "safe harbor" defenses against copyright infringement actions under copyright laws, may also limit the recorded music industry's ability to receive income from music royalty rights. Due to such "safe harbor" defenses, revenue from ad-supported music services may not fully reflect increases in consumption of recorded music. In addition, the recorded music industry is currently dependent on a small number of leading digital music services, which allows such services to significantly influence the prices that can be charged in connection with the distribution of digital music. It is possible that the share of music sales by a small number of leading mass-market retailers, as well as online retailers and digital music services, will continue to grow, which could further increase their negotiating leverage and put pressure on prices, ultimately decreasing the income we will receive from music royalty rights.

***Failure to obtain, maintain, protect and enforce our intellectual property rights could substantially harm our business, operating results and financial condition.***

The success of our company depends on our ability to obtain, maintain, protect and enforce our rights under each Royalty Share Agreement. The measures that we take to obtain, maintain, protect and enforce our rights, including, if necessary, litigation or proceedings before governmental authorities and administrative bodies, may be ineffective, expensive and time-consuming and, despite such measures, we may not be able to enforce royalty collection on our Music Royalty Assets. Additionally, changes in law may be implemented, or changes in interpretation of such laws may occur, that may affect our ability to obtain, maintain, protect or enforce rights to our Music Royalty Assets. Moreover, with music royalty rights, it is possible that despite our due diligence efforts there could be successful challenges by third parties to the ownership of a particular copyright or royalty stream or, if acquired as a group of assets, the entire group in which case the value of the asset(s) might be significantly less valuable, or have no value. Failure to obtain, maintain, protect or enforce our rights could harm our brand or brand recognition and adversely affect our business, financial condition and results of operation.

***Digital piracy may lead to decreased sales in the recorded music industry and affect our ability to receive income from music royalty rights.***

The combined effect of the decreasing cost of electronic and computer equipment and related technology such as the conversion of music into digital formats have made it easier for consumers to obtain and create unauthorized copies of music recordings in the form of, for example, MP3 files. For example, a 2023 IFPI "Engaging with Music" report indicates that online music piracy remains a significant issue globally, with 29% of music consumers admitting to engaging in some form of copyright infringement. Stream-ripping continues to be the dominant form of piracy, representing 26% of illegal activity, with its prevalence especially high among younger demographics—43% of people aged 16-24 reported using stream-ripping services. The main motivation for piracy remains the desire to avoid paying for music subscriptions, as 55% of stream-rippers stated this as their reason. Such piracy will have a negative effect on revenues attributable to music royalty rights we acquire. In addition, while growth of music-enabled mobile consumers offers new opportunities for growth in the music industry, it also opens the market up to risks from behaviors such as "sideloading" and mobile app-based downloading of unauthorized content. As the business shifts to streaming music or access models, piracy in these models is increasing. For example, the practice of "stream-ripping," where websites or software programs enable end-users to obtain an unauthorized copy of the audio file associated with a music video, is a growing practice among young people and in parts of the world with high mobile data costs. The impact of digital piracy on legitimate music sales and subscriptions is hard to quantify but we believe that illegal filesharing and other forms of unauthorized activity has a substantial negative impact on music sales and on the royalty income that we may receive, including royalties derived from music royalty rights. The music industry is working to control this problem in a variety of ways including by litigation, by lobbying governments for new, stronger copyright protection laws and more stringent enforcement of current laws, through graduated response programs achieved through cooperation with Internet service providers and legislation being advanced or considered in many countries, through technological measures and by enabling legitimate new media business models. However, we do not know whether such measures will be effective, and if such measures are not effective, our royalty income derived from our music royalty rights may decrease.

***Sellers of the Music Royalty Assets do not owe any fiduciary duties to us or our investors, and they have no obligation to enhance the value of the underlying music royalty rights or disclose information to our investors.***

The intellectual property owners have no obligation to enhance the value of the underlying music royalty rights we may acquire. For example, the recording artist may decide to retire which may have the effect of decreasing future royalty income on the music. Furthermore, neither the recording artist nor the intellectual property rights owner owe any fiduciary duties to us or our investors. Our investors will have no recourse directly against the recording artist or the intellectual property rights owner, either under the agreement to purchase the music royalty rights or under state or federal securities laws.

**Risks Related to the Offerings and Ownership of our Royalty Share Units**

***Any amounts paid to holders of a particular series of Royalty Share Units will only reflect the royalty performance of the underlying Music Royalty Asset.***

Investors are acquiring Royalty Share Units which reflect the royalty performance only of the Music Royalty Asset associated with those units. As such, investors will not receive the benefit of diversification in assets or share in the performance of other Music Royalty Assets relating to other series.

***There is currently no public trading market for our Royalty Share Units; there can be no assurance that any trading market will develop.***

There is currently no public trading market for any series of our Royalty Share Units, and an active market may not develop or be sustained. If an active public trading market for our Royalty Share Units does not develop or is not sustained, it may be difficult or impossible for investors to resell their Royalty Share Units at any price. Even if a public market does develop, the market price could decline below the amount an investor paid for their Royalty Share Units.

***If a market ever develops for our Royalty Share Units, the market price and trading volume may be volatile.***

If a market develops for our Royalty Share Units, the market price of our Royalty Share Units could fluctuate significantly for many reasons, including reasons unrelated to our performance, such as reports by industry analysts, investor perceptions, or announcements by our competitors regarding their own performance, as well as general economic and industry conditions. For example, to the extent that other companies, whether large or small, within our industry experience declines in their share price, the value of our Royalty Share Units may decline as well.

In addition, fluctuations in operating results of a particular series of Royalty Share Units or the failure of operating results to meet the expectations of investors may negatively impact the price of our securities. Operating results may fluctuate in the future due to a variety of factors that could negatively affect revenues or expenses in any particular reporting period, including vulnerability of our business to a general economic downturn; changes in the laws that affect our operations; competition; compensation related expenses; application of accounting standards; seasonality; and our ability to obtain and maintain all necessary government certifications or licenses to conduct our business.

***There may be state law restrictions on an investor's ability to sell its Royalty Share Units making it difficult to transfer, sell or otherwise dispose of our Royalty Share Units.***

Each state has its own securities laws, often called "blue sky" laws, which (1) limit sales of securities to a state's residents unless the securities are registered in that state or qualify for an exemption from registration and (2) govern the reporting requirements for broker-dealers and stock brokers doing business directly or indirectly in the state. Before a security is sold in a state, there must be a registration in place to cover the transaction, or it must be exempt from registration. Also, the broker must be registered in that state. We do not know whether the Royalty Share Units being offered under this Offering Circular will be registered, or exempt, under the laws of any states. A determination regarding registration will be made by the broker-dealers, if any, who agree to serve as the market-makers for our Royalty Share Units. There may be significant state blue sky law restrictions on the ability of investors to sell, and on purchasers to buy, our Royalty Share Units. Investors should consider the resale market for our Royalty Share Units to be limited. Investors may be unable to resell their Royalty Share Units, or they may be unable to resell them without the significant expense of state registration or qualification.

***Investors in this offering may not be entitled to a jury trial with respect to claims arising under the subscription agreement, which could result in less favorable outcomes to the plaintiff(s) in any action under subscription agreement.***

Those persons who want to invest in our Royalty Share Units must sign a subscription agreement for the particular series of Royalty Share Units, which will contain representations, warranties, covenants, and conditions customary for offerings of this type. Under Section 6 of our subscription agreement, investors waive the right to a jury trial of any claim they may have against our company arising out of or relating to the subscription agreement. This includes legal actions that include claims based on federal securities laws.

If we opposed a jury trial demand based on the waiver, a court would determine whether such waiver was enforceable based on the facts and circumstances of that case in accordance with the applicable state and federal law. To our knowledge, the enforceability of a contractual pre-dispute jury trial waiver in connection with claims arising under the federal securities laws has not been finally adjudicated by a federal court. In determining whether to enforce a contractual pre-dispute jury trial waiver provision, courts will generally consider whether the visibility of the jury trial waiver provision within the agreement is sufficiently prominent such that a party knowingly, intelligently and voluntarily waived the right to a jury trial. We believe that this is the case with respect to the subscription agreement. You should consult legal counsel regarding the jury waiver provision before investing in this offering.

If you bring a claim against our company in connection with matters arising under the subscription agreement, including claims under federal securities laws, you may not be entitled to a jury trial with respect to those claims, which may have the effect of limiting and discouraging lawsuits against our company. If a lawsuit is brought against our company under the subscription agreement, it may be heard only by a judge or justice of the applicable trial court, which would be conducted according to different civil procedures and may result in different outcomes than a trial by jury would have had, including results that could be less favorable to the plaintiff(s) in such an action.

Nevertheless, if this jury trial waiver provision is not permitted by applicable law, an action could proceed under the terms of the subscription agreement with a jury trial. No condition, stipulation or provision of the subscription agreement serves as a waiver by our company of compliance with any substantive provision of the federal securities laws and the rules and regulations promulgated under those laws.

In addition, when the Royalty Share Units are transferred, the transferee is required to agree to all the same conditions, obligations and restrictions applicable to the Royalty Share Units of the transferor that were in effect immediately prior to the transfer, including but not limited to those in the subscription agreement.

***Our subscription agreement has a forum selection provisions that requires that certain disputes be resolved in a court in the State of North Carolina, regardless of convenience or cost to shareholders*.**

Under our subscription agreement, subscribers are required to resolve disputes related to the subscription agreement in a competent court located in the State of North Carolina. The forum selection provision in our subscription agreement applies to all actions or proceedings relating to the subscription agreement. This forum selection provision does not apply to claims brought under federal securities law.

The forum selection provision in our subscription agreement may limit subscribers' ability to obtain a favorable judicial forum for disputes with our company, which may discourage lawsuits against the company. The requirement that any action be heard in a competent court in the State of North Carolina, may also create additional expense for any person contemplating an action against our company, or limit the access to information to undertake such an action, further discouraging lawsuits.

It is also possible that, notwithstanding the forum selection clause included in our subscription agreement, a court could rule that such provision is inapplicable or unenforceable. Alternatively, if a court were to find the provision inapplicable to, or unenforceable in, an action, we may incur additional costs associated with resolving such matters in other jurisdictions, which could adversely affect our business, financial condition or results of operations.

In addition, when the Royalty Share Units are transferred, the transferee is required to agree to all the same conditions, obligations and restrictions applicable to the Royalty Share Units of the transferor that were in effect immediately prior to the transfer of the Royalty Share Units, including but not limited to those in the subscription agreement.

**DILUTION**

Dilution means a reduction in value, control or earnings of the Royalty Share Units the investor owns. There will be no dilution to any investors associated with any offering because once a particular series of Royalty Share Units is fully issued, our company will not sell additional Royalty Share Units of that same series.

**PLAN OF DISTRIBUTION AND SELLING SECURITYHOLDERS**

**Plan of Distribution**

We are offering, on a best efforts basis, the Royalty Share Units of each of the series in the "Series Offering Table" beginning on page 3. The offering price for each series was determined by our manager.

Royalty Share Units are available for purchase on the SongVest Platform. The SongVest Platform enables investors to browse and screen the potential investments offered by our company and sign subscription agreements electronically. We intend to distribute each series of Royalty Share Units exclusively through the SongVest Platform. Neither our company, our manager SAJA, nor RT2 is a member firm of FINRA, and no person associated with us will be deemed to be a broker solely by reason of his or her participation in the sale of our Royalty Share Units.

There will be a separate closing with respect to each series of Royalty Share Units. The closing of each series will occur on the earliest to occur of (i) the date subscriptions for the number of Royalty Share Units offered for a series have been accepted or (ii) a date determined by our manager in its sole discretion, provided that subscriptions for the number of Royalty Share Units offered for a series have been accepted. If closing has not occurred, an offering shall be terminated upon (i) the date which is one year from the date such Offering Circular or amendment thereof, as applicable, is qualified by the Commission, which period may be extended with respect to a particular series by an additional six months by our manager in its sole discretion, or (ii) any date on which our manager elects to terminate the offering for a particular series of units in its sole discretion.

The Royalty Share Units are being offered by subscription only in the United States and to residents of those states in which the offer and sale is not prohibited. This Offering Circular does not constitute an offer or sale of Royalty Share Units outside of the United States.

Those persons who want to invest in our Royalty Share Units must sign a subscription agreement for the particular series of Royalty Share Units, which will contain representations, warranties, covenants, and conditions customary for offerings of this type. See "—How to Subscribe" below for further details. Copies of the form of subscription agreement for each series are filed as Exhibit 4.1 and onwards in the offering statement.

For offerings with a minimum offering amount, investors' funds will be placed in an escrow account until our company receives proceeds equal to the Minimum Offering Amount. Any escrowed funds will be invested only in investments permissible under SEC Rule 15c2-4. In the event the Minimum Offering Amount is not met, all investors' funds will be promptly returned to each subscriber in accordance with SEC Rule 10b-9.

Our company will be permitted to purchase Royalty Share Units in offerings of series of Royalty Share Units conducted by our company at its discretion. The company will not use the proceeds raised from the offering for such purposes – rather, the company would use its own, separate cash reserves to purchase such Royalty Share Units, should it choose to do so. Our company primarily intends to purchase Royalty Share Units only in situations where the company believes a particular offering may not reach the Minimum Offering Amount, and rather than terminate the offering, the company would purchase the remaining Royalty Share Units so that the offering may close, and investors can receive their Royalty Share Units.

The Royalty Share Units will be issued in digital book-entry form without certificates.

***Services Agreement with RT2***

On October 11, 2024, we entered into a services agreement (the "Services Agreement") with our affiliate, RT2, which owns and operates the SongVest Platform. Pursuant to the Services Agreement, RT2 agreed to provide staff, technology, administration and marketing/sales support functions to our company as necessary to carry out our intended business of acquiring Music Royalty Assets and offering and selling Royalty Share Units related to those Music Royalty Assets. In particular, RT2 agreed to allow our company to utilize the SongVest Platform to market and conduct its offerings of Royalty Share Units. In consideration for the services to be provided by RT2, our company agreed to pay to RT2, on a monthly basis, twenty percent (20%) of monthly net income earned by our company (which will earned solely from Sourcing Fees and Administrative fees). For the avoidance of doubt, payments to RT2 under the Services Agreement are not considered offering expenses"

The Services Agreement has an unlimited term, and may be terminated at any time by the mutual written agreement of the parties.

A copy of the Services Agreement is filed an exhibit to the offering statement of which this Offering Circular forms a part.

***Engagement with Dalmore Group, LLC***

The company has engaged Dalmore Group, LLC ("Dalmore") a broker-dealer registered with the SEC and a member of FINRA, to perform the following administrative and technology related functions in connection with our offerings, but not for underwriting or placement agent services:

● Review investor information, including KYC ("Know Your Customer") data, AML ("Anti Money Laundering") and other compliance background checks, and provide a recommendation to the company whether or not to accept investor as a customer.

● Review each investors subscription agreement to confirm such investors participation in the offering and provide a determination to our company whether or not to accept the use of the subscription agreement for the investor's participation.

● Contact and/or notify the company, if needed, to gather additional information or clarification on an investor.

● Not provide any investment advice nor any investment recommendations to any investor.

● Keep investor details and data confidential and not disclose to any third-party except as required by regulators or pursuant to the terms of the agreement (e.g. as needed for AML and background checks).

● Coordinate with third party providers to ensure adequate review and compliance.

As compensation for the services listed above, the company has agreed to pay Dalmore $15,000 in one-time set up fees, consisting of the following:

● $5,000 advance payment for due diligence fees.

● $10,000 consulting fee due and payable immediately after FINRA issues a no objection letter.

In addition, the company will pay Dalmore a commission equal to 1% of the amount raised in the offering to support the offering after the SEC has qualified the Offering Statement and the offering commences. Thus, the total maximum fees payable to Dalmore for the offerings of our company pursuant to this offering statement is $3,556.70 (not including the $15,000 in one-time set up fees). Additionally, we have agreed to pay Dalmore a flat fee of $1,000 for each post-qualification amendment on Form 1-A POS that we file related to this offering statement.

**Investor Suitability Standards**

Our Royalty Share Units are being offered and sold only to "qualified purchasers" (as defined in Regulation A under the Securities Act). "Qualified purchasers" include: (i) "accredited investors" under Rule 501(a) of Regulation D and (ii) all other investors so long as their investment in any series of Royalty Share Units of our company (in connection with any series of units offered under Regulation A) does not represent more than 10% of the greater of their annual income or net worth (for natural persons), or 10% of the greater of annual revenue or net assets at fiscal year-end (for non-natural persons). We reserve the right to reject any investor's subscription in whole or in part for any reason, including if we determine in our sole and absolute discretion that such investor is not a "qualified purchaser" for purposes of Regulation A.

For an individual potential investor to be an "accredited investor" for purposes of satisfying one of the tests in the "qualified purchaser" definition, the investor must be a natural person who has:

&nbsp;&nbsp;&nbsp;&nbsp;1. an individual net worth, or joint net worth with the person's spouse, that exceeds $1,000,000 at the time of the purchase, excluding the value of the primary residence of such person and the mortgage on that primary residence (to the extent not underwater), but including the amount of debt that exceeds the value of that residence and including any increase in debt on that residence within the prior 60 days, other than as a result of the acquisition of that primary residence; or

&nbsp;&nbsp;&nbsp;&nbsp;2. earned income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year.

If the investor is not a natural person, different standards apply. See Rule 501 of Regulation D for more details. For purposes of determining whether a potential investor is a "qualified purchaser," annual income and net worth should be calculated as provided in the "accredited investor" definition under Rule 501 of Regulation D. In particular, net worth in all cases should be calculated excluding the value of an investor's home, home furnishings and automobiles.

Our Royalty Share Units will not be offered or sold to prospective investors subject to ERISA and investors living in Canada.

If an investor lives outside the United States, it is his or her responsibility to fully observe the laws of any relevant territory or jurisdiction outside the United States in connection with any purchase, including obtaining required governmental or other consent and observing any other required legal or other formalities.

Our manager will be permitted to make a determination that the subscribers of our Royalty Share Units in any offering are qualified purchasers in reliance on the information and representations provided by the subscriber regarding the subscriber's financial situation. Before making any representation that your investment does not exceed applicable federal thresholds, we encourage you to review Rule 251(d)(2)(i)(C) of Regulation A. For general information on investing, we encourage you to refer to www.investor.gov.

An investment in our Royalty Share Units may involve significant risks. Only investors who can bear the economic risk of the investment for an indefinite period of time and the loss of their entire investment should invest in our Royalty Share Units. See "Risk Factors."

**Minimum Investment**

The minimum subscription by an investor is one (1) Royalty Share Unit of a particular series. The per unit price will vary by series.

**Escrow Agent**

The Escrow Agent is North Capital Private Securities Corporation, who has been appointed as escrow agent for each offering pursuant to escrow agreements among the Escrow Agent and our company. A copy of the escrow agreement is included as Exhibit 8.1 in the offering statement of which this Offering Circular is part.

**Fees and Expenses**

See "Use of Proceeds to Issuer" for a description of the specific expenses for each offering.

***Offering Expenses***

Included in the proceeds for each series of Royalty Share Units will be specific amounts to cover fees, costs and expenses incurred in connection with the offering of that series of Royalty Share Units (which we collectively refer to as the "Offering Expenses"). Offering Expenses consist of legal, accounting, escrow, underwriting, filing and compliance costs, as applicable, related to a specific offering.

***Sourcing Fee***

Our company may collect a sourcing fee as compensation for sourcing each Music Royalty Asset (which we refer to as the "Sourcing Fee"). This fee will be a percentage of the "purchase price" – i.e. the price the company ultimately pays for the Music Royalty Asset upon purchase of such Music Royalty Asset which is set forth in the applicable Royalty Share Agreement. The "purchase price" is determined by the company in its sole discretion, and will generally be set based on the level of difficulty and costs related to sourcing the particular Music Royalty Asset related to the series of Royalty Share Units – however, we may utilize a "second price" auction to help determine an appropriate purchase price for an asset. The amount of the Sourcing Fee will also be determined in the sole discretion of our manager for each offering, and may be waived by our manager on per offering basis.

**Price Discovery**

To help us determine the per Royalty Share Unit price for each series, we may utilize a "second-price" auction during a testing the waters period under Rule 255 of Regulation A, which will be conducted via the SongVest Platform. No commitments to invest or funds will be accepted prior to qualification of a series of Royalty Share Units. The "second-price" auction is solely being used to gauge interest and to help guide our company determine a price for a particular offering of Royalty Share Units. By "winning" the auction, bidders will have first access to purchasing Royalty Share Units following qualification of the offering. Any person who indicated interest as part of the auction process has no obligation to invest or respond to the company's solicitations following qualification of the offering as the price determined by the auction.

Prior to commencing an auction, SongVest will enter into an agreement with an owner of the Music Royalty Asset, pursuant to which the owner of the Music Royalty Asset will agree to allow SongVest to conduct an auction to determine the value of the Music Royalty Asset (the "Listing Agreement"). Additionally, the Listing Agreement will contain a "reserve price", representing SongVest's estimated value of the Music Royalty Asset. The "reserve price" only represents an estimation of the value of the asset, and is not binding on the asset seller or SongVest. The Listing Agreement does not bind the owner of the Music Royalty Asset or SongVest to enter into a Royalty Share Agreement. A form of the Listing Agreement is included as Exhibit 6.2 to the offering statement of which this Offering Circular forms a part.

SongVest will display the projected number of Royalty Share Units to be offered in a particular series' offering in an auction environment. Each bidder can bid for as many or as few Royalty Share Units as they are willing to pay for, subject to a minimum bid size of one Royalty Share Unit. However, all "winning" test bidders have a projected payment based only on the lowest qualifying (successful) bid. The bid price will only increment higher when all Royalty Share Units of the next bid increment are completely bid out. Then the process repeats itself for the next round of bidding. If there are more successful bids than Royalty Share Units available, priority goes to the bidders whose bids are the highest and then to bidders who submitted their bids first in time. In order to succeed, a competing bidder must bid a higher price per Royalty Share Unit than the other bidder(s), regardless of the number of Royalty Share Units that are being bid for. Bidding is conducted in $1 increments.

Each "second-price" auction will have a set start and end date and time, which will be prominently displayed on the webpage where the auction is being hosted.

Registered users will be notified in email of upcoming auctions and we will promote the auctions as well on social media so that new users can register on the website to also participate in the auction.

Once the auction goes live, all registered users will have the opportunity to place a bid with number of Royalty Share Units they request. After submitting a bid, a bidder will see (i) the number of Royalty Share Units bid for; (ii) the bid price submitted for each of those Royalty Share Units; and (iii) the total number of Royalty Share Units already bid (all bidders) and the number of shares still available at that price. In the example below, we can see the user bid 500 Units at $11, and visually they can see that 500 units were bid and 500 units are still available.

![](img_002.jpg)

The top bar chart visually represents how many Royalty Share Units (in total) were bid and how many are left. The bottom chart shows the status of the bidders' units. Once all of the units for the current bid price are allocated, then the price moves to the next increment. In the example below, the $11 units have been fully bid out, and 750 units at the next price point ($12) have been allocated. The bidder can now visually see that the 750 units at $12 have taken 250 of the units they bid at $11. If all of the units at $12 are allocated, then this bidder will have zero units since their bid was at $11.

![](img_003.jpg)

Bidders can always easily see the available Royalty Share Units as the share price increases and how that affects their current bid and/or proxy bid especially how it relates to their units being outbid which will reduce their number of units or totally eliminate their units they will have first access to following qualification. At that point they will need to enter a new bid at the next bid increment.

For proxy bids, in the example below, we can see how the user placed a proxy bid at a higher amount than the current bid. The bidder can easily see the priority of their Royalty Share Units as well as what bid price the proxy is.

![](img_004.jpg)

Although there will initially be a set time and date that an auction will end, an auction end-time can be extended if a bid is placed in the last 5 minutes of an auction. If this occurs, the auction will be extended an additional 5 minutes. This can repeat until there are no further bids in the last 5 minutes of an auction, at which point the auction will close. All bidders in an auction will receive notification via email when they are outbid on any number of units they have and of the close of an auction. In the example below, users can also see all bids being placed and if they are a hard bid or proxy (auto) bid as well as the end time of the auction in the upper right.

![](img_005.jpg)

Any bids submitted in the "second-price" auction described above will only be non-binding indications of interest as required by Rule 255 of Regulation A. No commitments to invest or funds will be accepted prior to qualification of a series of Royalty Share Units. The "second-price" auction is solely being used to gauge interest and to help guide our company determine a price for a particular offering of Royalty Share Units, but our company has ultimate discretion as to what price will be set the price for all Royalty Share Units that it offers, and does has no obligation to set a particular price based on the results of such an auction. We may also forego conducting a second-price auction altogether, and determine the price for our Royalty Share Units internally.

***Illustrative Example***

Here is an example of how an auction might work (with "win" being used to represent the Royalty Share Units the bidder will have first access to following qualification of the offering):

If the series were to auction 1,000 Royalty Share Units for a certain Music Royalty Asset.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Bidder "A" bids for 300 units at $22 each.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Bidder "B" bids for 600 units at $21 each.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Bidder "C" bids for 250 units at $18 each.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Bidder "D" bids for 150 units at $17 each.

The outcome of this auction would be:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Bidder "A" wins 300 units at $18 each.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Bidder "B" wins 600 units at $18 each.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Bidder "C" wins 100 units at $18 each.

The price is $18 per Royalty Share Unit as that was the lowest successful bid at which all of the Royalty Share Units are sold (hence the *second price*). Upon qualification by the SEC of an offering of the series of Royalty Share Units, all winning bidders would be given first access to buy the number of Royalty Share Units at which a successful auction is concluded during the TTW phase even if that number of units is lower than the number of units in their original bid. (*See* Bidder "C" in the example above). Non-winning bidders will not be provided first access to invest in an offering, and will gain access to the offering at the same time as the general public.

The auction may be extended if i) the quantity and price of bids fail to meet the reserve price (the minimum price at which the SongVest is willing to sell the series of Royalty Share Units in an offering) and SongVest agrees to extend the auction beyond its normal timeframe or ii) if a bidder places a bid within the last 5 minutes of the auction, the auction will automatically be extended for 5 minutes.

**After the Auction**

Once an auction has been completed for a particular Music Royalty Asset, our company will review the results of the auction, and use that information to assist our company in setting a price for the Royalty Share Units for the offering of that Music Royalty Asset. These Royalty Share Units will only be available for purchase once the SEC has qualified an offering related to those Royalty Share Units.

Once qualified, our company will offer all "winning" bidders who participated in the auction a special 24 hour window that is only available to those "winning" bidders. In this 24 hour window, only this group will be provided access to the offering, providing them with an opportunity to invest before the offering is opened up to the general public. At such time, these "winning" bidders would be given the opportunity to buy the number of Royalty Share Units for which they submitted a bid submitted in the auction (or less, if they choose). "Winning" bidders may also purchase additional Royalty Share Units beyond what they have reserved once the 24 hour early-access window has concluded. "Winning" bidders have no obligation to invest or even respond to the company's solicitations following qualification of the offering.

The company will notify "winning" bidders via email that the offering has been qualified, the Royalty Share Units are available for purchase, and will advise them of this special 24 hour window available to them.

All Royalty Share Units will be offered for purchase via the web-based investment platform <u>www.songvest.com</u>.

**Additional Information Regarding this Offering Circular**

We have not authorized anyone to provide information regarding this offering other than as set forth in this Offering Circular. Except as otherwise indicated, all information contained in this Offering Circular is given as of the date of this Offering Circular. Neither the delivery of this Offering Circular nor any sale made hereunder shall under any circumstances create any implication that there has been no change in our affairs since the date hereof.

From time to time, we may provide an "Offering Circular supplement" that may add, update or change information contained in this Offering Circular. Any statement that we make in this Offering Circular will be modified or superseded by any inconsistent statement made by us in a subsequent Offering Circular supplement. The offering statement we filed with the Commission includes exhibits that provide more detailed descriptions of the matters discussed in this Offering Circular. You should read this Offering Circular and the related exhibits filed with the Commission and any Offering Circular supplement together with additional information contained in our annual reports, semi-annual reports and other reports and information statements that we will file periodically with the Commission.

The Offering Circular and all supplements and reports that we have filed or will file in the future can be read on the Commission website at www.sec.gov or in the legal section on the SongVest Platform (at www.songvest.com/offering). The contents of the SongVest Platform (other than the offering statement, this Offering Circular and the appendices and exhibits thereto) are not incorporated by reference in or otherwise a part of this Offering Circular.

**How to Subscribe**

Potential investors who are "qualified purchasers" may subscribe to purchase our Royalty Share Units. Any potential investor wishing to acquire our Royalty Share Units must:

&nbsp;&nbsp;&nbsp;&nbsp;1. Carefully read this Offering Circular, and any current supplement, as well as any documents described in the Offering Circular and attached as exhibits to the offering statement or which you have requested. Consult with your tax, legal and financial advisors to determine whether an investment in our Royalty Share Units is suitable for you.

&nbsp;&nbsp;&nbsp;&nbsp;2. Review the subscription agreement (including the "Investor Qualification and Attestation" attached thereto), which was pre-populated following your completion of certain questions on the SongVest Platform application, and if the responses remain accurate and correct, sign the completed subscription agreement using electronic signature. Except as otherwise required by law, subscriptions may not be withdrawn or cancelled by subscribers.

&nbsp;&nbsp;&nbsp;&nbsp;3. Once the completed subscription agreement is signed, you will be instructed to transfer funds in an amount equal to the purchase price for Royalty Share Units you have applied to subscribe for (as set out on the front page of your subscription agreement) by ACH into the escrow account. The Escrow Agent will hold such subscription monies in escrow until such time as your subscription agreement is either accepted or rejected by our manager and, if accepted, such further time until you are issued the Royalty Share Units.

&nbsp;&nbsp;&nbsp;&nbsp;4. Our manager will review the subscription documentation completed and signed by you. You may be asked to provide additional information. Our manager will contact you directly if required. We reserve the right to reject any subscriptions, in whole or in part, for any or no reason, and to withdraw any offering at any time prior to closing.

&nbsp;&nbsp;&nbsp;&nbsp;5. Once the review is complete, our manager will inform you whether or not your application to subscribe for the Royalty Share Units is approved or denied and if approved, the number of Royalty Share Units you are entitled to subscribe for. If your subscription is rejected in whole or in part, then any subscription payments (being the entire amount if your application is rejected in whole or the payments associated with those subscriptions rejected in part) will be refunded promptly, without interest or deduction. Our manager accepts subscriptions on a first-come, first served basis subject to the right to reject or reduce subscriptions.

&nbsp;&nbsp;&nbsp;&nbsp;6. If all or a part of your subscription is approved, then the number of Royalty Share Units you are entitled to subscribe for will be issued to you upon the closing. Simultaneously with the issuance of the Royalty Share Units, the subscription monies held by the Escrow Agent in escrow on your behalf will be transferred to the account of the applicable series as consideration for such Royalty Share Units.

By executing the subscription agreement, you agree to be bound by the terms of the subscription agreement and the Royalty Share Units. Our company and our manager will rely on the information you provide in the subscription agreement, including the "Investor Qualification and Attestation" attached thereto and the supplemental information you provide in order for our manager to verify your status as a "qualified purchaser." If any information about your "qualified purchaser" status changes prior to you being issued the Royalty Share Units, please notify our manager immediately using the contact details set out in the subscription agreement.

For further information on the subscription process, please contact our manager using the contact details set out in the "Where You Can Find Additional Information" section.

The subscription funds advanced by prospective investors as part of the subscription process will be held in a non-interest-bearing account with the Escrow Agent and will not be commingled with the operating account of our company, until if and when there is a closing with respect to that investor. When the Escrow Agent has received instructions from our manager that an offering will close and the investor's subscription is to be accepted (either in whole or part), then the Escrow Agent shall disburse such investor's subscription proceeds in its possession to our company. If an offering is terminated without a closing, or if a prospective investor's subscription is not accepted or is cut back due to oversubscription or otherwise, such amounts placed into escrow by prospective investors will be returned promptly to them without interest or deductions. Any costs and expenses associated with a terminated offering will be borne by our company.

**Investor Perks**

***"Queen" Offerings Perk***

Each purchaser of "Under Pressure", "I Want It All", "The Show Must Go On", "Bohemian Rhapsody Soundtrack", and/or "A Kind of Magic" Royalty Share Units will receive the following items shipped to them at the address provided in their subscription agreement at no additional cost:

● Physical "Certificate of Authenticity" certifying that the investor is the owner of the Royalty Share Unit(s) purchased.

● A limited edition "Challenge Coin" with Queen and SongVest logos.

● A Commemorative 7" Display-Only Vinyl

Pictures of each of these items is contained in the image below:

![](img_006.jpg)

We are of the opinion that these items being given eligible investors as perks do not have any meaningful cash value and do not alter the sales price or cost basis of the securities being offered in this offering. Instead, these are intended to be a perk given to our investors as a "thank you" to investors that help us achieve our mission. However, it is recommended that investors consult with a tax professional to fully understand any tax implications of receiving any perks before investing.

***NFT Perk***

Each purchaser of a "No Scrubs – TLC Version", "Creep – TLC Version", and/or "Diggin On You – TLC Version" Royalty Share Unit will also have the opportunity to claim one (1) non-transferrable digital collectible in the form of a Non-Fungible Token (NFT) and also referred to as a Digital Collectible, for each one (1) "No Scrubs – TLC Version", "Creep – TLC Version", and/or "Diggin On You – TLC Version" Royalty Share Unit purchased. These NFTs may be claimed from OneOf, Inc. ("OneOf"), a third-party partner of the company that owns and operates an online digital collectibles marketplace at the web address www.oneof.com.

At the closing of the offerings, purchasers of "No Scrubs – TLC Version", "Creep – TLC Version", and/or "Diggin On You – TLC Version" Royalty Share Units will be given the opportunity to claim their applicable NFTs. SongVest will provide the name and email address of the investor who opted-in to receive a NFT from OneOf, at which point OneOf will create a free account for the investor and preload this account with the correct NFT(s). OneOf will then send a link (via email) to the investor who opted in that will provide the instructions on how to redeem the on OneOf's marketplace at <u>www.oneof.com</u>.

Purchasers must have an account on OneOf's marketplace in order to redeem the NFT. OneOf will be responsible for minting and generating the NFTs on the Tezos blockchain, and distributing such NFTs to qualified accounts (i.e. purchasers "No Scrubs – TLC Version", "Creep – TLC Version", and/or "Diggin On You – TLC Version" Royalty Share Units that have valid accounts on OneOf's marketplace). These NFTs may be redeemed at no additional charge to the purchasers of the "No Scrubs – TLC Version", "Creep – TLC Version", and/or "Diggin On You – TLC Version" Royalty Share Units. The NFTs will consist of a Tezos blockchain tracked image of the album cover associated with the "No Scrubs – TLC Version", "Creep – TLC Version", and/or "Diggin On You – TLC Version" song recordings.

For the investor to sign up to receive the NFT from OneOf, only a valid email address and mobile phone number are required. There are no fees charged for claiming the NFT or creating a OneOf account. Once the investor completes the claim process, they will see a pop-up that directs the investor to view the NFT(s) in "My Collection". If the investor does not see the free NFT they claimed, the investor can contact OneOf's Customer Support at <u>support@oneof.com</u>.

The NFT(s) claimed on OneOf are held in the OneOf custodial wallet for the investor, protected by OneOf's custody bank partner or kept in the OneOf cold storage location. NFT's can be transferred to an external wallet. To export the NFT, the user simply clicks "Export NFT" next to the NFT. They will need to complete the verification process, and the steps prompted. OneOf will validate and process the export request within 2-5 business days.

After exporting an NFT out of OneOf, any airdrop traits related to the NFT will become inactive. Sending an NFT to an incompatible wallet or address may result in the complete loss of the NFT. Currently, once an NFT is exported out of the OneOf platform, it cannot be re-imported back in.

The total number of NFTs created will equal the total number of Royalty Share Units qualified in the TLC offerings. We expect there will be NFTs eligible to be claimed that are not claimed by purchasers of TLC Royalty Share Units and any unclaimed NFT's will remain at OneOf in an escrow account tied to the email of the buyer. The rights to unclaimed NFTs will not be transferred to the company or OneOf and will remain available to be claimed through OneOf.

There is no charge to the investor to claim the NFTs associated with Royalty Share Units purchased, and no obligation for the investor to claim these NFTs. However, only the purchasers of the particular Royalty Share Units associated with the particular NFTs being offered as perks herein may claim the NFT and cannot transfer the ability to claim NFTs associated with the purchase of Royalty Share Units to another party. Once the NFTs are claimed by the purchaser and transferred to the purchaser's digital wallet, the purchaser may then transfer the NFT as they see fit but they cannot resell it on the OneOf platform. Additionally, while there are three separate NFT types that are available to be claimed depending on the Royalty Share Units purchased (a "No Scrubs – TLC Version" NFT, a "Creep – TLC Version" NFT, and a "Diggin On You – TLC Version" NFT), all NFTs available to be claimed in association with the purchase of Royalty Share Units in a particular offering will be identical - i.e., all purchasers of "No Scrubs – TLC Version" Royalty Share Units will be eligible to claim the same "No Scrubs – TLC Version" NFT.

We are of the opinion that these NFTs being given to certain investors as perks do not have any cash value and do not alter the sales price or cost basis of the securities being offered in this offering. Instead, these NFTs are intended to be a perk given to our investors as a "thank you" to investors that help us achieve our mission, as well as a "thank you" from TLC to its fans that are investing in the Royalty Share Units associated with TLC's song recordings. However, it is recommended that investors consult with a tax professional to fully understand any tax implications of receiving any perks before investing. The NFTs themselves do not grant any rights to receive Royalty Share Units now or in the future.

**OneOf Agreement**

Our company entered into an agreement with OneOf, pursuant to which OneOf agreed, in exchange for a $100,000 payment by the company to OneOf, to create and distribute the TLC NFTs described above to purchasers of the TLC Royalty Share Units described above. In addition, utilizing its existing relationship with TLC, OneOf agreed to facilitate the sale by TLC to the company of the Music Royalty Rights related to the "No Scrubs – TLC Version", a "Creep – TLC Version", and a "Diggin On You – TLC Version" song recordings, which our company subsequently acquired pursuant to the TLC Agreement, and are described further below in this offering circular.

Our company's agreement with OneOf, was originally entered into on January 12, 2023. Our company and OneOf have subsequently agreed to amend the original agreement to update and correct certain terms in the original agreement pursuant to an Addendum agreement. A copy of the original agreement with OneOf and the form of Addendum are filed as an exhibit to the offering statement of which this offering circular forms a part.

**USE OF PROCEEDS TO ISSUER**

The allocation of the net proceeds of each offering set forth below represents our intentions based upon our current plans and assumptions regarding the specified Music Royalty Asset associated with each current or planned offering of our company. The company reserves the right to modify the use of proceeds as set forth below.

**"No Scrubs – TLC Version" (Series 3) Royalty Share Asset**

We estimate that the gross proceeds of the offering of "No Scrubs – TLC Version" (Series 3) Royalty Share Units will be approximately $56,640, assuming the full amount of the offering is sold. We intend to use the proceeds from this offering as follows:

---

| | | |
|:---|:---|:---|
| **Uses** | **Maximum<br>Offering** | **Percentage<br>Use** |
| **General and Administrative<sup>(1)</sup>** | $9515.52 | 16.8% |
| Sourcing Fee<sup>(2)</sup> | $0.00 | 0.0% |
| Offering Expenses<sup>(3)</sup> | $1019.52 | 1.8% |
| Repayment of Debt<sup>(4)</sup> | $46104.96 | 81.4% |
| **Total Proceeds** | $56640.00 | 100.0% |

---

(1) General and Administrative consists of the general operating expenses of the company.

(2) The company will not collect a Sourcing Fee in this offering.

(3) Represents certain other offering expenses related to fees payable to our transfer agent ($500) and the 1% commission payable to Dalmore on gross proceeds raised in this offering.

(4) The company intends to use a portion of the proceeds from this offering to repay amounts outstanding under a promissory note owed to an unrelated third party issued on March 27, 2023. *See* "Management's Discussion and Analysis of Financial Condition and Results of Operations – Indebtedness" for a description of the promissory note the company intends to repay using the proceeds from this offering.

The company entered into a Royalty Share Agreement with the rightsholder of the "No Scrubs – TLC Version" Music Royalty Asset with an effective date of May 23, 2024, a form of which is included as an exhibit to this offering statement of which this offering circular forms a part. A portion of the rights under that Royalty Share Agreement were previously sold in a prior offering. This offering represents the remainder of the rights available under that Royalty Share Agreement. If our company raises less than the maximum offering, our company will purchase a proportionally smaller amount of the full royalty interest acquirable under the Royalty Share Agreement, depending on the amount raised by the company from this offering.

**"Creep – TLC Version" (Series 3) Royalty Share Agreement**

We estimate that the gross proceeds of the offering of "Creep – TLC Version" (Series 3) Royalty Share Units will be approximately $73,200 assuming the full amount of the offering is sold. We intend to use the proceeds from this offering as follows:

---

| | | |
|:---|:---|:---|
| **Uses** | **Maximum<br>Offering** | **Percentage<br>Use** |
| **General and Administrative<sup>(1)</sup>** | $23936.40 | 32.7% |
| Sourcing Fee<sup>(2)</sup> | $0.00 | 0.0% |
| Offering Expenses<sup>(3)</sup> | $1244.40 | 1.7% |
| Repayment of Debt<sup>(4)</sup> | $48019.20 | 65.6% |
| **Total Proceeds** | $73200.00 | 100.0% |

---

(1) General and Administrative consists of the general operating expenses of the company.

(2) The company will not collect a Sourcing Fee in this offering.

(3) Represents certain other offering expenses related to fees payable to our transfer agent ($500), and the 1% commission payable to Dalmore on gross proceeds raised in this offering.

(4) The company intends to use a portion of the proceeds from this offering to repay amounts outstanding under a promissory note owed to an unrelated third party issued on March 27, 2023. *See* "Management's Discussion and Analysis of Financial Condition and Results of Operations – Indebtedness" for a description of the promissory note the company intends to repay using the proceeds from this offering.

The company entered into a Royalty Share Agreement with the rightsholder of the "Creep – TLC Version" Music Royalty Asset with an effective date of May 23, 2024, a form of which is included as an exhibit to this offering statement of which this offering circular forms a part. A portion of the rights under that Royalty Share Agreement were previously sold in a prior offering. This offering represents the remainder of the rights available under that Royalty Share Agreement. If our company raises less than the maximum offering, our company will purchase a proportionally smaller amount of the full royalty interest acquirable under the Royalty Share Agreement, depending on the amount raised by the company from this offering.

**Beyonce - "Radio" (Series 2) Royalty Share Asset**

We estimate that the gross proceeds of the offering of Beyonce – "Radio" (Series 2) Royalty Share Units will be approximately $28,908, assuming the full amount of the offering is sold. There is no minimum amount that must be raised for this offering to close. We intend to use the proceeds from this offering as follows:

---

| | | |
|:---|:---|:---|
| **Uses** | **Maximum<br>Offering** | **Percentage<br>Use** |
| **Cash Consideration for Acquisition of Music Royalty Asset<sup>(1)</sup>** | $19909.09 | 68.9% |
| Sourcing Fee | $8998.91 | 31.1% |
| Offering Expenses<sup>(2)</sup> | $0.00 | 0.0% |
| **Total Proceeds** | $28908.00 | 100% |

---

(1) The company entered into a Royalty Share Agreement with the rightsholder of the "Beyonce's Radio" Music Royalty Asset with an effective date of May 23, 2024, a form of which is included as an exhibit to this offering statement of which this offering circular forms a part. A portion of the rights under that Royalty Share Agreement were previously sold in a prior offering. This offering represents the remainder of the rights available under that Royalty Share Agreement. If our company raises less than the maximum offering, our company will purchase a proportionally smaller amount of the full royalty interest acquirable under the Royalty Share Agreement, depending on the amount raised by the company from this offering.

(2) The company will not use proceeds from this offering to pay offering expenses.

**Beyonce – "Countdown" and More (Series 3) Royalty Share Asset**

We estimate that the gross proceeds of the offering of Beyonce – "Countdown" and More (Series 3) Royalty Share Units will be approximately $3,960, assuming the full amount of the offering is sold. There is no minimum amount that must be raised for this offering to close. We intend to use the proceeds from this offering as follows:

---

| | | |
|:---|:---|:---|
| **Uses** | **Maximum<br>Offering** | **Percentage<br>Use** |
| **Cash Consideration for Acquisition of Music Royalty Asset<sup>(1)</sup>** | $2727.27 | 68.9% |
| Sourcing Fee | $1232.73 | 31.1% |
| Offering Expenses<sup>(2)</sup> | $0.00 | 0.0% |
| **Total Proceeds** | $3960.00 | 100% |

---

(1) The company entered into a Royalty Share Agreement with the rightsholder of the "Beyonce - Countdown and More)" Music Royalty Asset with an effective date of January 8, 2024, a form of which is included as exhibit 6.16 to this offering statement of which this offering circular forms a part. A portion of the rights under that Royalty Share Agreement were previously sold in a prior offering. This offering represents the remainder of the rights available under that Royalty Share Agreement. If our company raises less than the maximum offering, our company will purchase a proportionally smaller amount of the full royalty interest acquirable under the Royalty Share Agreement, depending on the amount raised by the company from this offering.

(2) The company will not use proceeds from this offering to pay offering expenses.

**Young Thug - "Best Friend" (Series 2) Royalty Share Asset**

We estimate that the gross proceeds of the offering of Young Thug – "Best Friend" (Series 2) Royalty Share Units will be approximately $10,224, assuming the full amount of the offering is sold. There is no minimum amount that must be raised for this offering to close. We intend to use the proceeds from this offering as follows:

---

| | | |
|:---|:---|:---|
| **Uses** | **Maximum<br>Offering** | **Percentage<br>Use** |
| **Cash Consideration for Acquisition of Music Royalty Asset<sup>(1)</sup>** | $7041.32 | 68.9% |
| Sourcing Fee | $3182.68 | 31.1% |
| Offering Expenses<sup>(2)</sup> | $0.00 | 0.0% |
| **Total Proceeds** | $10224.00 | 100% |

---

(1) The company entered into a Royalty Share Agreement with the rightsholder of the Young Thug - "Best Friend" Music Royalty Asset with an effective date of June 6, 2024, a form of which is included as an exhibit to this offering statement of which this offering circular forms a part. A portion of the rights under that Royalty Share Agreement were previously sold in a prior offering. This offering represents the remainder of the rights available under that Royalty Share Agreement. If our company raises less than the maximum offering, our company will purchase a proportionally smaller amount of the full royalty interest acquirable under the Royalty Share Agreement, depending on the amount raised by the company from this offering.

(2) The company will not use proceeds from this offering to pay offering expenses.

**Queen - "Under Pressure" (Series 2) Royalty Share Asset**

We estimate that the gross proceeds of the offering of Queen - "Under Pressure" (Series 2) Royalty Share Units will be approximately $90,650 assuming the full amount of the offering is sold. A portion of the rights under that Royalty Share Agreement were previously sold in a prior offering. This offering represents the remainder of the rights available under that Royalty Share Agreement. There is no minimum amount that must be raised for this offering to close. We intend to use the proceeds from this offering as follows:

---

| | | |
|:---|:---|:---|
| **Uses** | **Maximum<br>Offering** | **Percentage<br>Use** |
| **Cash Consideration for Acquisition of Music Royalty Asset<sup>(1)</sup>** | $46252.87 | 51.0% |
| Sourcing Fee | $44397.13 | 49.0% |
| Offering Expenses<sup>(2)</sup> | $0.00 | 0.0% |
| **Total Proceeds** | $90650.00 | 100% |

---

(1) The company entered into a Royalty Share Agreement with the rightsholder of the "Under Pressure" Music Royalty Asset with an effective date of December 5, 2024, a form of which is included as an exhibit to this offering statement of which this offering circular forms a part. A portion of the rights under that Royalty Share Agreement were previously sold in a prior offering. This offering represents the remainder of the rights available under that Royalty Share Agreement. If our company raises less than the maximum offering, our company will purchase a proportionally smaller amount of the full royalty interest acquirable under the Royalty Share Agreement, depending on the amount raised by the company from this offering.

(2) The company will not use proceeds from this offering to pay offering expenses.

**Queen - "I Want It All" (Series 2) Royalty Share Asset**

We estimate that the gross proceeds of the offering of Queen - "I Want It All" (Series 2) Royalty Share Units will be approximately $147,294 assuming the full amount of the offering is sold. There is no minimum amount that must be raised for this offering to close. We intend to use the proceeds from this offering as follows:

---

| | | |
|:---|:---|:---|
| **Uses** | **Maximum<br>Offering** | **Percentage<br>Use** |
| **Cash Consideration for Acquisition of Music Royalty Asset<sup>(1)</sup>** | $75154.66 | 51.0% |
| Sourcing Fee | $72139.34 | 49.0% |
| Offering Expenses<sup>(2)</sup> | $0.00 | 0.0% |
| **Total Proceeds** | $147294.00 | 100% |

---

(1) The company entered into a Royalty Share Agreement with the rightsholder of the "I Want It All" Music Royalty Asset with an effective date of December 5, 2024, a form of which is included as an exhibit to this offering statement of which this offering circular forms a part. A portion of the rights under that Royalty Share Agreement were previously sold in a prior offering. This offering represents the remainder of the rights available under that Royalty Share Agreement. If our company raises less than the maximum offering, our company will purchase a proportionally smaller amount of the full royalty interest acquirable under the Royalty Share Agreement, depending on the amount raised by the company from this offering.

(2) The company will not use proceeds from this offering to pay offering expenses.

**Queen - "The Show Must Go On" (Series 2) Royalty Share Asset**

We estimate that the gross proceeds of the offering of Queen - "The Show Must Go On" (Series 2) Royalty Share Units will be approximately $111,132 assuming the full amount of the offering is sold. There is no minimum amount that must be raised for this offering to close. We intend to use the proceeds from this offering as follows:

---

| | | |
|:---|:---|:---|
| **Uses** | **Maximum<br>Offering** | **Percentage<br>Use** |
| **Cash Consideration for Acquisition of Music Royalty Asset<sup>(1)</sup>** | $56703.52 | 51.0% |
| Sourcing Fee | $54428.48 | 49.0% |
| Offering Expenses<sup>(2)</sup> | $0.00 | 0.0% |
| **Total Proceeds** | $111132.00 | 100% |

---

(1) The company entered into a Royalty Share Agreement with the rightsholder of the Queen - "The Show Must Go On" Music Royalty Asset with an effective date of December 5, 2024, a form of which is included as an exhibit to this offering statement of which this offering circular forms a part. A portion of the rights under that Royalty Share Agreement were previously sold in a prior offering. This offering represents the remainder of the rights available under that Royalty Share Agreement. If our company raises less than the maximum offering, our company will purchase a proportionally smaller amount of the full royalty interest acquirable under the Royalty Share Agreement, depending on the amount raised by the company from this offering.

(2) The company will not use proceeds from this offering to pay offering expenses.

**Queen - "Bohemian Rhapsody Soundtrack" (Series 2) Royalty Share Asset**

We estimate that the gross proceeds of the offering of Queen - "Bohemian Rhapsody Soundtrack" (Series 2) Royalty Share Units will be approximately $27,832 assuming the full amount of the offering is sold. There is no minimum amount that must be raised for this offering to close. We intend to use the proceeds from this offering as follows:

---

| | | |
|:---|:---|:---|
| **Uses** | **Maximum<br>Offering** | **Percentage<br>Use** |
| **Cash Consideration for Acquisition of Music Royalty Asset<sup>(1)</sup>** | $14200.88 | 51.0% |
| Sourcing Fee | $13631.12 | 49.0% |
| Offering Expenses<sup>(2)</sup> | $0.00 | 0.0% |
| **Total Proceeds** | $27832.00 | 100% |

---

(1) The company entered into a Royalty Share Agreement with the rightsholder of the
 Queen - "Bohemian Rhapsody Soundtrack" Music Royalty Asset with an effective date of December 5, 2024, a form of which
 is included as an exhibit to this offering statement of which this offering circular forms a part. A portion of the rights under
 that Royalty Share Agreement were previously sold in a prior offering. This offering represents the remainder of the rights
 available under that Royalty Share Agreement. If our company raises less than the maximum offering, our company will purchase a
 proportionally smaller amount of the full royalty interest acquirable under the Royalty Share Agreement, depending on the amount
 raised by the company from this offering.

(2) The company will not use proceeds from this offering to pay offering expenses.

**Queen - "A Kind Of Magic" (Series 2) Royalty Share Asset**

We estimate that the gross proceeds of the offering of Queen - "A Kind Of Magic" (Series 2) Royalty Share Units will be approximately $126,616 assuming the full amount of the offering is sold. There is no minimum amount that must be raised for this offering to close. We intend to use the proceeds from this offering as follows:

---

| | | |
|:---|:---|:---|
| **Uses** | **Maximum<br>Offering** | **Percentage<br>Use** |
| **Cash Consideration for Acquisition of Music Royalty Asset<sup>(1)</sup>** | $64604.01 | 51.0% |
| Sourcing Fee | $62011.99 | 49.0% |
| Offering Expenses<sup>(2)</sup> | $0.00 | 0.0% |
| **Total Proceeds** | $126616.00 | 100% |

---

(1) The company entered into a Royalty Share Agreement with the rightsholder of the Queen - "A Kind Of Magic" Music Royalty Asset with an effective date of December 5, 2024, a form of which is included as an exhibit to this offering statement of which this offering circular forms a part. A portion of the rights under that Royalty Share Agreement were previously sold in a prior offering. This offering represents the remainder of the rights available under that Royalty Share Agreement. If our company raises less than the maximum offering, our company will purchase a proportionally smaller amount of the full royalty interest acquirable under the Royalty Share Agreement, depending on the amount raised by the company from this offering.

(2) The company will not use proceeds from this offering to pay offering expenses.

**Duran Duran – "Ordinary World" (Series 2) Royalty Share Asset**

We estimate that the gross proceeds of the offering of Duran Duran – "Ordinary World" (Series 2) Royalty Share Units will be approximately $17,451 assuming the full amount of the offering is sold. There is no minimum amount that must be raised for this offering to close. We intend to use the proceeds from this offering as follows:

---

| | | |
|:---|:---|:---|
| **Uses** | **Maximum<br>Offering** | **Percentage<br>Use** |
| **Cash Consideration for Acquisition of Music Royalty Asset<sup>(1)</sup>** | $13856.09 | 79.4% |
| Sourcing Fee | $3594.91 | 20.6% |
| Offering Expenses<sup>(2)</sup> | $0.00 | 0.0% |
| **Total Proceeds** | $17451.00 | 100.0% |

---

(1) The company entered into a Royalty Share Agreement with the rightsholder of the "Duran Duran's Ordinary World" Music Royalty Asset with an effective date of December 5, 2024, a form of which is included as an exhibit to this offering statement of which this offering circular forms a part. A portion of the rights under that Royalty Share Agreement were previously sold in a prior offering. This offering represents the remainder of the rights available under that Royalty Share Agreement. If our company raises less than the maximum offering, our company will purchase a proportionally smaller amount of the full royalty interest acquirable under the Royalty Share Agreement, depending on the amount raised by the company from this offering.

(2) The company will not use proceeds from this offering to pay offering expenses.

**Duran Duran – "Come Undone" (Series 2) Royalty Share Asset**

We estimate that the gross proceeds of the offering of Duran Duran – "Come Undone" (Series 2) Royalty Share Units will be approximately $12,285 assuming the full amount of the offering is sold. There is no minimum amount that must be raised for this offering to close. We intend to use the proceeds from this offering as follows:

---

| | | |
|:---|:---|:---|
| **Uses** | **Maximum<br>Offering** | **Percentage<br>Use** |
| **Cash Consideration for Acquisition of Music Royalty Asset<sup>(1)</sup>** | $9754.29 | 79.4% |
| Sourcing Fee | $2530.71 | 20.6% |
| Offering Expenses<sup>(2)</sup> | $0.00 | 0.0% |
| **Total Proceeds** | $12285.00 | 100.0% |

---

(1) The company entered into a Royalty Share Agreement with the rightsholder of the "Duran Duran's Come Undone" Music Royalty Asset with an effective date of December 5, 2024, a form of which is included as an exhibit to this offering statement of which this offering circular forms a part. A portion of the rights under that Royalty Share Agreement were previously sold in a prior offering. This offering represents the remainder of the rights available under that Royalty Share Agreement. If our company raises less than the maximum offering, our company will purchase a proportionally smaller amount of the full royalty interest acquirable under the Royalty Share Agreement, depending on the amount raised by the company from this offering.

(2) The company will not use proceeds from this offering to pay offering expenses.

**Taboo (feat. Angelica Nicole) – "Stand Strong" Royalty Share Asset**

We estimate that the gross proceeds of the offering of Taboo (feat. Angelica Nicole) - "Stand Strong" Royalty Share Units will be approximately $126,000 assuming the full amount of the offering is sold. There is no minimum amount that must be raised for this offering to close. We intend to use the proceeds from this offering as follows:

---

| | | |
|:---|:---|:---|
| **Uses** | **Maximum<br>Offering** | **Percentage<br>Use** |
| **Cash Consideration for Acquisition of Music Royalty Asset<sup>(1)</sup>** | $100000.00 | 79.4% |
| Sourcing Fee | $26000.00 | 20.6% |
| Offering Expenses<sup>(2)</sup> | $0.00 | 0.0% |
| **Total Proceeds** | $126000.00 | 100.0% |

---

(1) The company entered into a Royalty Share Agreement with the rightsholder of the Taboo (feat. Angelica Nicole) – "Stand Strong" Music Royalty Asset with an effective date of January 7, 2026, a form of which is included as an exhibit to this offering statement of which this offering circular forms a part. A portion of the rights under that Royalty Share Agreement were previously sold in a prior offering. This offering represents the remainder of the rights available under that Royalty Share Agreement. If our company raises less than the maximum offering, our company will purchase a proportionally smaller amount of the full royalty interest acquirable under the Royalty Share Agreement, depending on the amount raised by the company from this offering.

(2) The company will not use proceeds from this offering to pay offering expenses.

**Chris Brown – "Go Crazy" Royalty Share Asset**

We estimate that the gross proceeds of the offering of Chris Brown - "Go Crazy" Royalty Share Units will be approximately $298,872 assuming the full amount of the offering is sold. There is no minimum amount that must be raised for this offering to close. We intend to use the proceeds from this offering as follows:

---

| | | |
|:---|:---|:---|
| **Uses** | **Maximum<br>Offering** | **Percentage<br>Use** |
| **Cash Consideration for Acquisition of Music Royalty Asset<sup>(1)</sup>** | $237184.00 | 79.4% |
| Sourcing Fee | $61688.00 | 20.6% |
| Offering Expenses<sup>(2)</sup> | $0.00 | 0.0% |
| **Total Proceeds** | $298872.00 | 100.0% |

---

(1) The company entered into a Royalty Share Agreement with the rightsholder of the Chris Brown - "Go Crazy" Music Royalty Asset with an effective date of October 15, 2025, a form of which is included as an exhibit to this offering statement of which this offering circular forms a part. If our company raises less than the maximum offering, our company will purchase a proportionally smaller amount of the full royalty interest acquirable under the Royalty Share Agreement, depending on the amount raised by the company from this offering.

(2) The company will not use proceeds from this offering to pay offering expenses.

**Jeremih - "Birthday Sex" Royalty Share Asset**

We estimate that the gross proceeds of the offering of Jeremih - "Birthday Sex" Royalty Share Units will be approximately $328,167 assuming the full amount of the offering is sold. There is no minimum amount that must be raised for this offering to close. We intend to use the proceeds from this offering as follows:

---

| | | |
|:---|:---|:---|
| **Uses** | **Maximum<br>Offering** | **Percentage<br>Use** |
| **Cash Consideration for Acquisition of Music Royalty Asset<sup>(1)</sup>** | $260440.00 | 79.4% |
| Sourcing Fee | $67727.00 | 20.6% |
| Offering Expenses<sup>(2)</sup> | $0.00 | 0.0% |
| **Total Proceeds** | $328167.00 | 100.0% |

---

(1) The company entered into a Royalty Share Agreement with the rightsholder of the Jeremih - "Birthday Sex" Music Royalty Asset with an effective date of January 5, 2026, a form of which is included as an exhibit to this offering statement of which this offering circular forms a part. If our company raises less than the maximum offering, our company will purchase a proportionally smaller amount of the full royalty interest acquirable under the Royalty Share Agreement, depending on the amount raised by the company from this offering.

(2) The company will not use proceeds from this offering to pay offering expenses.

**Sean Paul (feat. Dua Lipa) - "No Lie" Royalty Share Asset**

We estimate that the gross proceeds of the offering of Sean Paul (feat. Dua Lipa) - "No Lie" Royalty Share Units will be approximately $242,424 assuming the full amount of the offering is sold. There is no minimum amount that must be raised for this offering to close. We intend to use the proceeds from this offering as follows:

---

| | | |
|:---|:---|:---|
| **Uses** | **Maximum<br>Offering** | **Percentage<br>Use** |
| **Cash Consideration for Acquisition of Music Royalty Asset<sup>(1)</sup>** | $192418.00 | 79.4% |
| Sourcing Fee | $50006.00 | 20.6% |
| Offering Expenses<sup>(2)</sup> | $0.00 | 0.0% |
| **Total Proceeds** | $242424.00 | 100.0% |

---

(1) The company entered into a Royalty Share Agreement with the rightsholder of the Sean Paul (feat. Dua Lipa) - "No Lie" Music Royalty Asset with an effective date of January 5, 2026, a form of which is included as an exhibit to this offering statement of which this offering circular forms a part. If our company raises less than the maximum offering, our company will purchase a proportionally smaller amount of the full royalty interest acquirable under the Royalty Share Agreement, depending on the amount raised by the company from this offering.

(2) The company will not use proceeds from this offering to pay offering expenses.

**Jason Derulo (feat. French Montana) - "Tip Toe" Royalty Share Asset**

We estimate that the gross proceeds of the offering of Jason Derulo (feat. French Montana) - "Tip Toe" Royalty Share Units will be approximately $39,627 assuming the full amount of the offering is sold. There is no minimum amount that must be raised for this offering to close. We intend to use the proceeds from this offering as follows:

---

| | | |
|:---|:---|:---|
| **Uses** | **Maximum<br>Offering** | **Percentage<br>Use** |
| **Cash Consideration for Acquisition of Music Royalty Asset<sup>(1)</sup>** | $31451.00 | 79.4% |
| Sourcing Fee | $8176.00 | 20.6% |
| Offering Expenses<sup>(2)</sup> | $0.00 | 0.0% |
| **Total Proceeds** | $39627.00 | 100.0% |

---

(1) The company entered into a Royalty Share Agreement with the rightsholder of the Jason Derulo (feat. French Montana) - "Tip Toe" Music Royalty Asset with an effective date of January 5, 2026, a form of which is included as an exhibit to this offering statement of which this offering circular forms a part. If our company raises less than the maximum offering, our company will purchase a proportionally smaller amount of the full royalty interest acquirable under the Royalty Share Agreement, depending on the amount raised by the company from this offering.

(2) The company will not use proceeds from this offering to pay offering expenses.

**Chris Brown & Pitbull - Vol.1 Royalty Share Asset**

We estimate that the gross proceeds of the offering of Chris Brown & Pitbull - Vol.1 Royalty Share Units will be approximately $40,635 assuming the full amount of the offering is sold. There is no minimum amount that must be raised for this offering to close. We intend to use the proceeds from this offering as follows:

---

| | | |
|:---|:---|:---|
| **Uses** | **Maximum<br>Offering** | **Percentage<br>Use** |
| **Cash Consideration for Acquisition of Music Royalty Asset<sup>(1)</sup>** | $32256.00 | 79.4% |
| Sourcing Fee | $8379.00 | 20.6% |
| Offering Expenses<sup>(2)</sup> | $0.00 | 0.0% |
| **Total Proceeds** | $40635.00 | 100.0% |

---

(1) The company entered into a Royalty Share Agreement with the rightsholder of the Chris Brown & Pitbull - Vol.1 Music Royalty Asset with an effective date of January 5, 2026, a form of which is included as an exhibit to this offering statement of which this offering circular forms a part. If our company raises less than the maximum offering, our company will purchase a proportionally smaller amount of the full royalty interest acquirable under the Royalty Share Agreement, depending on the amount raised by the company from this offering.

(2) The company will not use proceeds from this offering to pay offering expenses.

**Bebe Rexha, Drake & Nelly Furtado - Vol. 1 Royalty Share Asset**

We estimate that the gross proceeds of the offering of Bebe Rexha, Drake & Nelly Furtado - Vol. 1 Royalty Share Units will be approximately $87,570 assuming the full amount of the offering is sold. There is no minimum amount that must be raised for this offering to close. We intend to use the proceeds from this offering as follows:

---

| | | |
|:---|:---|:---|
| **Uses** | **Maximum<br>Offering** | **Percentage<br>Use** |
| **Cash Consideration for Acquisition of Music Royalty Asset<sup>(1)</sup>** | $69498.00 | 79.4% |
| Sourcing Fee | $18072.00 | 20.6% |
| Offering Expenses<sup>(2)</sup> | $0.00 | 0.0% |
| **Total Proceeds** | $87570.00 | 100.0% |

---

(1) The company entered into a Royalty Share Agreement with the rightsholder of the Bebe Rexha, Drake & Nelly Furtado - Vol. 1 Music Royalty Asset with an effective date of January 26, 2026, a form of which is included as an exhibit to this offering statement of which this offering circular forms a part. If our company raises less than the maximum offering, our company will purchase a proportionally smaller amount of the full royalty interest acquirable under the Royalty Share Agreement, depending on the amount raised by the company from this offering.

(2) The company will not use proceeds from this offering to pay offering expenses.

**The Struts – "Body Talks" Royalty Share Asset**

We estimate that the gross proceeds of the offering of The Struts – "Body Talks" Royalty Share Units will be approximately $20,790 assuming the full amount of the offering is sold. There is no minimum amount that must be raised for this offering to close. We intend to use the proceeds from this offering as follows:

---

| | | |
|:---|:---|:---|
| **Uses** | **Maximum<br>Offering** | **Percentage<br>Use** |
| **Cash Consideration for Acquisition of Music Royalty Asset<sup>(1)</sup>** | $16492.00 | 79.4% |
| Sourcing Fee | $4298.00 | 20.6% |
| Offering Expenses<sup>(2)</sup> | $0.00 | 0.0% |
| **Total Proceeds** | $20790.00 | 100.0% |

---

(1) The company entered into a Royalty Share Agreement with the rightsholder of The Struts – "Body Talks" Music Royalty Asset with an effective date of January 26, 2026, a form of which is included as an exhibit to this offering statement of which this offering circular forms a part. If our company raises less than the maximum offering, our company will purchase a proportionally smaller amount of the full royalty interest acquirable under the Royalty Share Agreement, depending on the amount raised by the company from this offering.

(2) The company will not use proceeds from this offering to pay offering expenses.

**Dua Lipa – "Blow Your Mind" Royalty Share Asset**

We estimate that the gross proceeds of the offering of Dua Lipa – "Blow Your Mind" Royalty Share Units will be approximately $119,637 assuming the full amount of the offering is sold. There is no minimum amount that must be raised for this offering to close. We intend to use the proceeds from this offering as follows:

---

| | | |
|:---|:---|:---|
| **Uses** | **Maximum<br>Offering** | **Percentage<br>Use** |
| **Cash Consideration for Acquisition of Music Royalty Asset<sup>(1)</sup>** | $94949.00 | 79.4% |
| Sourcing Fee | $24688.00 | 20.6% |
| Offering Expenses<sup>(2)</sup> | $0.00 | 0.0% |
| **Total Proceeds** | $119637.00 | 100.0% |

---

(1) The company entered into a Royalty Share Agreement with the rightsholder of the Dua Lipa – "Blow Your Mind" Music Royalty Asset with an effective date of January 26, 2026, a form of which is included as an exhibit to this offering statement of which this offering circular forms a part. If our company raises less than the maximum offering, our company will purchase a proportionally smaller amount of the full royalty interest acquirable under the Royalty Share Agreement, depending on the amount raised by the company from this offering.

(2) The company will not use proceeds from this offering to pay offering expenses.

**Kat Dahlia – "I Think I'm In Love" Royalty Share Asset**

We estimate that the gross proceeds of the offering of Kat Dahlia – "I Think I'm In Love" Royalty Share Units will be approximately $41,454 assuming the full amount of the offering is sold. There is no minimum amount that must be raised for this offering to close. We intend to use the proceeds from this offering as follows:

---

| | | |
|:---|:---|:---|
| **Uses** | **Maximum<br>Offering** | **Percentage<br>Use** |
| **Cash Consideration for Acquisition of Music Royalty Asset<sup>(1)</sup>** | $32905.00 | 79.4% |
| Sourcing Fee | $8549.00 | 20.6% |
| Offering Expenses<sup>(2)</sup> | $0.00 | 0.0% |
| **Total Proceeds** | $41454.00 | 100.0% |

---

(1) The company entered into a Royalty Share Agreement with the rightsholder of the Kat Dahlia – "I Think I'm In Love" Music Royalty Asset with an effective date of January 26, 2026, a form of which is included as an exhibit to this offering statement of which this offering circular forms a part. If our company raises less than the maximum offering, our company will purchase a proportionally smaller amount of the full royalty interest acquirable under the Royalty Share Agreement, depending on the amount raised by the company from this offering.

(2) The company will not use proceeds from this offering to pay offering expenses.

**One Direction – "Nobody Compares" & "Last First Kiss" Royalty Share Asset**

We estimate that the gross proceeds of the offering of One Direction – "Nobody Compares" & "Last First Kiss" Royalty Share Units will be approximately $22,176 assuming the full amount of the offering is sold. There is no minimum amount that must be raised for this offering to close. We intend to use the proceeds from this offering as follows:

---

| | | |
|:---|:---|:---|
| **Uses** | **Maximum<br>Offering** | **Percentage<br>Use** |
| **Cash Consideration for Acquisition of Music Royalty Asset<sup>(1)</sup>** | $17609.00 | 79.4% |
| Sourcing Fee | $4567.00 | 20.6% |
| Offering Expenses<sup>(2)</sup> | $0.00 | 0.0% |
| **Total Proceeds** | $22176.00 | 100.0% |

---

(1) The company entered into a Royalty Share Agreement with the rightsholder of the One Direction – "Nobody Compares" & "Last First Kiss" Music Royalty Asset with an effective date of January 26, 2026, a form of which is included as an exhibit to this offering statement of which this offering circular forms a part. If our company raises less than the maximum offering, our company will purchase a proportionally smaller amount of the full royalty interest acquirable under the Royalty Share Agreement, depending on the amount raised by the company from this offering.

(2) The company will not use proceeds from this offering to pay offering expenses.

**One Direction – "Kiss You" Royalty Share Asset**

We estimate that the gross proceeds of the offering of One Direction – "Kiss You" Royalty Share Units will be approximately $59,850 assuming the full amount of the offering is sold. There is no minimum amount that must be raised for this offering to close. We intend to use the proceeds from this offering as follows:

---

| | | |
|:---|:---|:---|
| **Uses** | **Maximum<br>Offering** | **Percentage<br>Use** |
| **Cash Consideration for Acquisition of Music Royalty Asset<sup>(1)</sup>** | $47521.00 | 79.4% |
| Sourcing Fee | $12329.00 | 20.6% |
| Offering Expenses<sup>(2)</sup> | $0.00 | 0.0% |
| **Total Proceeds** | $59850.00 | 100.0% |

---

(1) The company entered into a Royalty Share Agreement with the rightsholder of the One Direction – "Kiss You" Music Royalty Asset with an effective date of January 26, 2026, a form of which is included as an exhibit to this offering statement of which this offering circular forms a part. If our company raises less than the maximum offering, our company will purchase a proportionally smaller amount of the full royalty interest acquirable under the Royalty Share Agreement, depending on the amount raised by the company from this offering.

(2) The company will not use proceeds from this offering to pay offering expenses.

**One Direction – "Live While We're Young" Royalty Share Asset**

We estimate that the gross proceeds of the offering of One Direction – "Live While We're Young" Royalty Share Units will be approximately $54,558 assuming the full amount of the offering is sold. There is no minimum amount that must be raised for this offering to close. We intend to use the proceeds from this offering as follows:

---

| | | |
|:---|:---|:---|
| **Uses** | **Maximum<br>Offering** | **Percentage<br>Use** |
| **Cash Consideration for Acquisition of Music Royalty Asset<sup>(1)</sup>** | $43293.00 | 79.4% |
| Sourcing Fee | $11265.00 | 20.6% |
| Offering Expenses<sup>(2)</sup> | $0.00 | 0.0% |
| **Total Proceeds** | $54558.00 | 100.0% |

---

(1) The company entered into a Royalty Share Agreement with the rightsholder of the One Direction – "Live While We're Young" Music Royalty Asset with an effective date of January 26, 2026, a form of which is included as an exhibit to this offering statement of which this offering circular forms a part. If our company raises less than the maximum offering, our company will purchase a proportionally smaller amount of the full royalty interest acquirable under the Royalty Share Agreement, depending on the amount raised by the company from this offering.

(2) The company will not use proceeds from this offering to pay offering expenses.

**Rachel Platten – "Better Place" Royalty Share Asset**

We estimate that the gross proceeds of the offering of Rachel Platten – "Better Place" Royalty Share Units will be approximately $43,281 assuming the full amount of the offering is sold. There is no minimum amount that must be raised for this offering to close. We intend to use the proceeds from this offering as follows:

---

| | | |
|:---|:---|:---|
| **Uses** | **Maximum<br>Offering** | **Percentage<br>Use** |
| **Cash Consideration for Acquisition of Music Royalty Asset<sup>(1)</sup>** | $34349.00 | 79.4% |
| Sourcing Fee | $8932.00 | 20.6% |
| Offering Expenses<sup>(2)</sup> | $0.00 | 0.0% |
| **Total Proceeds** | $43281.00 | 100.0% |

---

(1) The company entered into a Royalty Share Agreement with the rightsholder of the Rachel Platten – "Better Place" Music Royalty Asset with an effective date of January 26, 2026, a form of which is included as an exhibit to this offering statement of which this offering circular forms a part. If our company raises less than the maximum offering, our company will purchase a proportionally smaller amount of the full royalty interest acquirable under the Royalty Share Agreement, depending on the amount raised by the company from this offering.

(2) The company will not use proceeds from this offering to pay offering expenses.

**Rachel Platten – "Stand by You" Royalty Share Asset**

We estimate that the gross proceeds of the offering of Rachel Platten – "Stand by You" Royalty Share Units will be approximately $74,151 assuming the full amount of the offering is sold. There is no minimum amount that must be raised for this offering to close. We intend to use the proceeds from this offering as follows:

---

| | | |
|:---|:---|:---|
| **Uses** | **Maximum<br>Offering** | **Percentage<br>Use** |
| **Cash Consideration for Acquisition of Music Royalty Asset<sup>(1)</sup>** | $58864.00 | 79.4% |
| Sourcing Fee | $15287.00 | 20.6% |
| Offering Expenses<sup>(2)</sup> | $0.00 | 0.0% |
| **Total Proceeds** | $74151.00 | 100.0% |

---

(1) The company entered into a Royalty Share Agreement with the rightsholder of the Rachel Platten – "Stand by You" Music Royalty Asset with an effective date of January 26, 2026, a form of which is included as an exhibit to this offering statement of which this offering circular forms a part. If our company raises less than the maximum offering, our company will purchase a proportionally smaller amount of the full royalty interest acquirable under the Royalty Share Agreement, depending on the amount raised by the company from this offering.

(2) The company will not use proceeds from this offering to pay offering expenses.

**Rachel Platten – "Fight Song" Royalty Share Asset**

We estimate that the gross proceeds of the offering of Rachel Platten – "Fight Song" Royalty Share Units will be approximately $244,125 assuming the full amount of the offering is sold. There is no minimum amount that must be raised for this offering to close. We intend to use the proceeds from this offering as follows:

---

| | | |
|:---|:---|:---|
| **Uses** | **Maximum<br>Offering** | **Percentage<br>Use** |
| **Cash Consideration for Acquisition of Music Royalty Asset<sup>(1)</sup>** | $193750.00 | 79.4% |
| Sourcing Fee | $50375.00 | 20.6% |
| Offering Expenses<sup>(2)</sup> | $0.00 | 0.0% |
| **Total Proceeds** | $244125.00 | 100.0% |

---

(1) The company entered into a Royalty Share Agreement with the rightsholder of the Rachel Platten – "Fight Song" Music Royalty Asset with an effective date of January 26, 2026, a form of which is included as an exhibit to this offering statement of which this offering circular forms a part. If our company raises less than the maximum offering, our company will purchase a proportionally smaller amount of the full royalty interest acquirable under the Royalty Share Agreement, depending on the amount raised by the company from this offering.

(2) The company will not use proceeds from this offering to pay offering expenses.

**Arianna Grande & Lady Gaga – "Rain On Me" Royalty Share Asset**

We estimate that the gross proceeds of the offering of Arianna Grande & Lady Gaga – "Rain On Me" Royalty Share Units will be approximately $318,465 assuming the full amount of the offering is sold. There is no minimum amount that must be raised for this offering to close. We intend to use the proceeds from this offering as follows:

---

| | | |
|:---|:---|:---|
| **Uses** | **Maximum<br>Offering** | **Percentage<br>Use** |
| **Cash Consideration for Acquisition of Music Royalty Asset<sup>(1)</sup>** | $252750.00 | 79.4% |
| Sourcing Fee | $65715.00 | 20.6% |
| Offering Expenses<sup>(2)</sup> | $0.00 | 0.0% |
| **Total Proceeds** | $318465.00 | 100.0% |

---

(1) The company entered into a Royalty Share Agreement with the rightsholder of the Arianna Grande & Lady Gaga – "Rain On Me" Music Royalty Asset with an effective date of January 26, 2026, a form of which is included as an exhibit to this offering statement of which this offering circular forms a part. If our company raises less than the maximum offering, our company will purchase a proportionally smaller amount of the full royalty interest acquirable under the Royalty Share Agreement, depending on the amount raised by the company from this offering.

(2) The company will not use proceeds from this offering to pay offering expenses.

**Kenny G. & Luther Vandross – Vol. 1 Royalty Share Asset**

We estimate that the gross proceeds of the offering of Kenny G. & Luther Vandross – Vol. 1 Royalty Share Units will be approximately $24,444 assuming the full amount of the offering is sold. There is no minimum amount that must be raised for this offering to close. We intend to use the proceeds from this offering as follows:

---

| | | |
|:---|:---|:---|
| **Uses** | **Maximum<br>Offering** | **Percentage<br>Use** |
| **Cash Consideration for Acquisition of Music Royalty Asset<sup>(1)</sup>** | $19380.73 | 79.3% |
| Sourcing Fee | $5063.27 | 20.7% |
| Offering Expenses<sup>(2)</sup> | $0.00 | 0.0% |
| **Total Proceeds** | $24444.00 | 100.0% |

---

(1) The company entered into a Royalty Share Agreement with the rightsholder of the Kenny G. & Luther Vandross – Vol. 1 Music Royalty Asset with an effective date of February 19, 2026, a form of which is included as an exhibit to this offering statement of which this offering circular forms a part. If our company raises less than the maximum offering, our company will purchase a proportionally smaller amount of the full royalty interest acquirable under the Royalty Share Agreement, depending on the amount raised by the company from this offering.

(2) The company will not use proceeds from this offering to pay offering expenses.

**Michael Bolton – Vol. 1 Royalty Share Asset**

We estimate that the gross proceeds of the offering of Michael Bolton – Vol. 1 Royalty Share Units will be approximately $37,863 assuming the full amount of the offering is sold. There is no minimum amount that must be raised for this offering to close. We intend to use the proceeds from this offering as follows:

---

| | | |
|:---|:---|:---|
| **Uses** | **Maximum<br>Offering** | **Percentage<br>Use** |
| **Cash Consideration for Acquisition of Music Royalty Asset<sup>(1)</sup>** | $30034.58 | 79.3% |
| Sourcing Fee | $7828.42 | 20.7% |
| Offering Expenses<sup>(2)</sup> | $0.00 | 0.0% |
| **Total Proceeds** | $37863.00 | 100.0% |

---

(1) The company entered into a Royalty Share Agreement with the rightsholder of the Michael Bolton – Vol. 1 Music Royalty Asset with an effective date of February 19, 2026, a form of which is included as an exhibit to this offering statement of which this offering circular forms a part. If our company raises less than the maximum offering, our company will purchase a proportionally smaller amount of the full royalty interest acquirable under the Royalty Share Agreement, depending on the amount raised by the company from this offering.

(2) The company will not use proceeds from this offering to pay offering expenses.

**Michael Bolton – Vol. 2 Royalty Share Asset**

We estimate that the gross proceeds of the offering of Michael Bolton – Vol. 2 Royalty Share Units will be approximately $33,075 assuming the full amount of the offering is sold. There is no minimum amount that must be raised for this offering to close. We intend to use the proceeds from this offering as follows:

---

| | | |
|:---|:---|:---|
| **Uses** | **Maximum<br>Offering** | **Percentage<br>Use** |
| **Cash Consideration for Acquisition of Music Royalty Asset<sup>(1)</sup>** | $26259.73 | 79.4% |
| Sourcing Fee | $6815.27 | 20.6% |
| Offering Expenses<sup>(2)</sup> | $0.00 | 0.0% |
| **Total Proceeds** | $33075.00 | 100.0% |

---

(1) The company entered into a Royalty Share Agreement with the rightsholder of the Michael Bolton – Vol. 2 Music Royalty Asset with an effective date of February 19, 2026, a form of which is included as an exhibit to this offering statement of which this offering circular forms a part. If our company raises less than the maximum offering, our company will purchase a proportionally smaller amount of the full royalty interest acquirable under the Royalty Share Agreement, depending on the amount raised by the company from this offering.

(2) The company will not use proceeds from this offering to pay offering expenses.

**Mariah Carey – "Without You" Royalty Share Asset**

We estimate that the gross proceeds of the offering of Mariah Carey – "Without You" Royalty Share Units will be approximately $65,079 assuming the full amount of the offering is sold. There is no minimum amount that must be raised for this offering to close. We intend to use the proceeds from this offering as follows:

---

| | | |
|:---|:---|:---|
| **Uses** | **Maximum<br>Offering** | **Percentage<br>Use** |
| **Cash Consideration for Acquisition of Music Royalty Asset<sup>(1)</sup>** | $51670.21 | 79.4% |
| Sourcing Fee | $13408.79 | 20.6% |
| Offering Expenses<sup>(2)</sup> | $0.00 | 0.0% |
| **Total Proceeds** | $65079.00 | 100.0% |

---

(1) The company entered into a Royalty Share Agreement with the rightsholder of the Mariah Carey – "Without You" Music Royalty Asset with an effective date of February 19, 2026, a form of which is included as an exhibit to this offering statement of which this offering circular forms a part. If our company raises less than the maximum offering, our company will purchase a proportionally smaller amount of the full royalty interest acquirable under the Royalty Share Agreement, depending on the amount raised by the company from this offering.

(2) The company will not use proceeds from this offering to pay offering expenses.

**Mariah Carey – "Hero" Royalty Share Asset**

We estimate that the gross proceeds of the offering of Mariah Carey – "Hero" Royalty Share Units will be approximately $59,535 assuming the full amount of the offering is sold. There is no minimum amount that must be raised for this offering to close. We intend to use the proceeds from this offering as follows:

---

| | | |
|:---|:---|:---|
| **Uses** | **Maximum<br>Offering** | **Percentage<br>Use** |
| **Cash Consideration for Acquisition of Music Royalty Asset<sup>(1)</sup>** | $47240.35 | 79.4% |
| Sourcing Fee | $12294.65 | 20.6% |
| Offering Expenses<sup>(2)</sup> | $0.00 | 0.0% |
| **Total Proceeds** | $59535.00 | 100.0% |

---

(1) The company entered into a Royalty Share Agreement with the rightsholder of the Mariah Carey – "Hero" Music Royalty Asset with an effective date of February 19, 2026, a form of which is included as an exhibit to this offering statement of which this offering circular forms a part. If our company raises less than the maximum offering, our company will purchase a proportionally smaller amount of the full royalty interest acquirable under the Royalty Share Agreement, depending on the amount raised by the company from this offering.

(2) The company will not use proceeds from this offering to pay offering expenses.

**Mariah Carey – "One Sweet Day" Royalty Share Asset**

We estimate that the gross proceeds of the offering of Mariah Carey – "One Sweet Day" Royalty Share Units will be approximately $40,194 assuming the full amount of the offering is sold. There is no minimum amount that must be raised for this offering to close. We intend to use the proceeds from this offering as follows:

---

| | | |
|:---|:---|:---|
| **Uses** | **Maximum<br>Offering** | **Percentage<br>Use** |
| **Cash Consideration for Acquisition of Music Royalty Asset<sup>(1)</sup>** | $31898.10 | 79.4% |
| Sourcing Fee | $8295.90 | 20.6% |
| Offering Expenses<sup>(2)</sup> | $0.00 | 0.0% |
| **Total Proceeds** | $40194.00 | 100.0% |

---

(1) The company entered into a Royalty Share Agreement with the rightsholder of the Mariah Carey – "One Sweet Day" Music Royalty Asset with an effective date of February 19, 2026, a form of which is included as an exhibit to this offering statement of which this offering circular forms a part. If our company raises less than the maximum offering, our company will purchase a proportionally smaller amount of the full royalty interest acquirable under the Royalty Share Agreement, depending on the amount raised by the company from this offering.

(2) The company will not use proceeds from this offering to pay offering expenses.

**Mariah Carey – "Love Takes Time" Royalty Share Asset**

We estimate that the gross proceeds of the offering of Mariah Carey – "Love Takes Time" Royalty Share Units will be approximately $24,885 assuming the full amount of the offering is sold. There is no minimum amount that must be raised for this offering to close. We intend to use the proceeds from this offering as follows:

---

| | | |
|:---|:---|:---|
| **Uses** | **Maximum<br>Offering** | **Percentage<br>Use** |
| **Cash Consideration for Acquisition of Music Royalty Asset<sup>(1)</sup>** | $19729.39 | 79.3% |
| Sourcing Fee | $5155.61 | 20.7% |
| Offering Expenses<sup>(2)</sup> | $0.00 | 0.0% |
| **Total Proceeds** | $24885.00 | 100.0% |

---

(1) The company entered into a Royalty Share Agreement with the rightsholder of the Mariah Carey – "Love Takes Time" Music Royalty Asset with an effective date of February 19, 2026, a form of which is included as an exhibit to this offering statement of which this offering circular forms a part. If our company raises less than the maximum offering, our company will purchase a proportionally smaller amount of the full royalty interest acquirable under the Royalty Share Agreement, depending on the amount raised by the company from this offering.

(2) The company will not use proceeds from this offering to pay offering expenses.

**Mariah Carey – Vol. 1 Royalty Share Asset**

We estimate that the gross proceeds of the offering of Mariah Carey – Vol. 1 Royalty Share Units will be approximately $49,770 assuming the full amount of the offering is sold. There is no minimum amount that must be raised for this offering to close. We intend to use the proceeds from this offering as follows:

---

| | | |
|:---|:---|:---|
| **Uses** | **Maximum<br>Offering** | **Percentage<br>Use** |
| **Cash Consideration for Acquisition of Music Royalty Asset<sup>(1)</sup>** | $38914.78 | 78.2% |
| Sourcing Fee | $10855.22 | 21.8% |
| Offering Expenses<sup>(2)</sup> | $0.00 | 0.0% |
| **Total Proceeds** | $49770.00 | 100.0% |

---

(1) The company entered into a Royalty Share Agreement with the rightsholder of the Mariah Carey – Vol. 1 Music Royalty Asset with an effective date of February 19, 2026, a form of which is included as an exhibit to this offering statement of which this offering circular forms a part. If our company raises less than the maximum offering, our company will purchase a proportionally smaller amount of the full royalty interest acquirable under the Royalty Share Agreement, depending on the amount raised by the company from this offering.

(2) The company will not use proceeds from this offering to pay offering expenses.

**THE UNDERLYING MUSIC PORTFOLIOS**

*The discussions contained in this section relating to the Music Royalty Assets underlying Royalty Share Agreements described herein, as well as the music industry in general are taken from the royalty statements from the royalty providers and third-party sources that we believe to be reliable. We believe that the information from such sources contained herein regarding the "Music Royalty Assets described below and the music industry are reasonable, and that the factual information therein is fair and accurate. However, investors should be aware that there is no guarantee that information derived from third-party sources is entirely accurate.*

**Summary**

**<u>The "No Scrubs – TLC Version" Music Royalty Asset</u>**

**Summary Overview**

The "No Scrubs – TLC Version" Music Royalty Asset is one (1) of three (3) underlying assets of the TLC Royalty Share Agreement (the "TLC Agreement"). With respect to the "No Scrubs – TLC Version" Music Royalty Asset portion of the TLC Agreement, the TLC Agreement provides fifty percent (50%) of all streaming and digital download revenues generated from the "No Scrubs – TLC Version" recording paid by Distrokid.

The TLC Agreement was initially entered into on August 22, 2022, and originally provided the company with the rights to "No Scrubs – TLC Version" "Creep – TLC Version" and "Waterfalls – TLC Version". The company and TLC II, LLC have subsequently agreed to enter into an Addendum to the TLC Agreement to replace "Waterfalls – TLC Version" with "Diggin' On You – TLC Version". A copy of the TLC Agreement and the form of Addendum are filed as an exhibit to the offering statement of which this offering circular forms a part. We refer to the original TLC Agreement and the Addendum collectively herein as the "TLC Agreement".

**About TLC**

TLC is an American girl group formed in Atlanta, Georgia, in 1989 The group's best-known line-up was composed of Tionne "T-Boz" Watkins, Lisa "Left Eye" Lopes and Rozonda "Chilli" Thomas. The group enjoyed success during the 1990s, with nine top-ten hits on the Billboard Hot 100, including four number-one singles: "Creep", "Waterfalls", "No Scrubs", and "Unpretty". The group also recorded four multi-platinum albums, including CrazySexyCool (1994), which received a diamond certification from the Recording Industry Association of America (RIAA). TLC also became the first R&B group in history to receive the Million certification from the Recording Industry Association of Japan (RIAJ) for FanMail (1999).

Having sold over 72 million records worldwide, TLC is one of the best-selling American girl groups. VH1 ranked TLC as the greatest female group, placing them at number 12 on the list of 100 Greatest Women in Music. Billboard magazine ranked TLC as one of the greatest musical trios, as well as the seventh-most-successful act of the 1990s. The group's accolades include four career Grammy Awards, five MTV Video Music Awards, and five Soul Train Music Awards.

**About "No Scrubs – TLC Version" by TLC**

"No Scrubs – TLC Version" is new sound recording by TLC, the best-selling American girl group of all time, that was initially released January 31, 2023. It is a re-recording of TLC's previous number-one single "No Scrubs" released in February 1999 that reached #1 on the *Billboard Hot 100* chart and is certified 5x Platinum by the RIAA. As a new recording, the song was fully owned by the band and for the first time upon recording – and after selling our company 50% of the royalty rights to this song, TLC and holders of the "No Scrubs – TLC Version" Royalty Share Units will together receive all royalties generated from the song,

**Royalty Share Agreement Terms**

The TLC Agreement is between and our company and TLC II, LLC, an entity owned by the members of TLC. The "No Scrubs – TLC Version" Music Royalty Asset is one (1) of three (3) underlying assets of the TLC Agreement. With respect to the "No Scrubs – TLC Version" Music Royalty Asset portion of the TLC Agreement, the TLC Agreement provides the company with fifty percent (50%) of all streaming and digital download revenues generated from the "No Scrubs – TLC Version" recording paid by DistroKid for the life of the copyright. Digital sales and streaming data shall be determined by reference to the royalty statements from the royalties paid to the TLC II, LLC monthly by DistroKid, which shall be conclusive and binding upon the parties to the TLC Agreement, absent manifest error.

**Financial Highlights**

"No Scrubs – TLC Version" was released in January 2023 – however, promotion for this song only commenced in May of 2023. As such, there is limited financial data available for its performance. Investors should be aware that past financial performance of the original "No Scrubs" recording may not be indicative of the future performance of this re-recorded "No Scrubs – TLC Version".

---

| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **2023** | **2023** | **2023** | **2023** | **2023** | **2023** | **2023** | **2023** | **2024** | **2024** | **2024** | **2024** | **2024** | **2024** | **2024** | **2024** |
|  | **Q1** | **Q1** | **Q2** | **Q2** | **Q3** | **Q3** | **Q4** | **Q4** | **Q1** | **Q1** | **Q2** | **Q2** | **Q3** | **Q3** | **Q4** | **Q4** |
| No Scrubs – TLC Version |  | 1.34 |  | 73.21 |  | 118.38 |  | 92.12 |  | 525.47 |  | 277.75 |  | 267.37 |  | 343.02 |

---

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **2025** | **2025** | **2025** | **2025** | **2025** | **2025** | **2025** | **2025** |
|  | **Q1** | **Q1** | **Q2** | **Q2** | **Q3** | **Q3** | **Q4** | **Q4** |
| No Scrubs – TLC Version |  | 129.17 |  | 328.76 |  | 942.61 |  | 821.04 |

---

*This table represents the percentage of historical royalties proportional to the percentage of the Music Royalty Asset available for sale under this offering.*

***Administrative Fee for the TLC Royalty Share Agreement***

The Administrative Fee (i.e., the amount to be paid to our company as a percentage of the value of the royalty payments collected by our company to be distributed to holders of "No Scrubs – TLC Version" Royalty Share Units) is 5.00%.

**<u>The "Creep – TLC Version" Music Royalty Asset</u>**

**Summary Overview**

The "Creep – TLC Version" Music Royalty Asset is one (1) of three (3) underlying assets of the TLC Royalty Share Agreement (the "TLC Agreement"). With respect to the "Creep – TLC Version" Music Royalty Asset portion of the TLC Agreement, the TLC Agreement provides fifty percent (50%) of all streaming and digital download revenues generated from the "Creep – TLC Version" recording paid by Distrokid.

The TLC Agreement was initially entered into on August 22, 2022, and originally provided the company with the rights to "No Scrubs – TLC Version" "Creep – TLC Version" and "Waterfalls – TLC Version". On June 8, 2023, the company and TLC II, LLC entered into an Addendum to the TLC Agreement, which replaced "Waterfalls – TLC Version" with "Diggin' On You – TLC Version".

The TLC Agreement and Addendum, which we refer to collectively as the "TLC Agreement", are filed as an exhibit to the offering statement of which this offering circular forms a part.

**About TLC**

TLC is an American girl group formed in Atlanta, Georgia, in 1989 The group's best-known line-up was composed of Tionne "T-Boz" Watkins, Lisa "Left Eye" Lopes and Rozonda "Chilli" Thomas. The group enjoyed success during the 1990s, with nine top-ten hits on the Billboard Hot 100, including four number-one singles: "Creep", "Waterfalls", "No Scrubs", and "Unpretty". The group also recorded four multi-platinum albums, including CrazySexyCool (1994), which received a diamond certification from the Recording Industry Association of America (RIAA). TLC also became the first R&B group in history to receive the Million certification from the Recording Industry Association of Japan (RIAJ) for FanMail (1999).

Having sold over 72 million records worldwide, TLC is one of the best-selling American girl groups. VH1 ranked TLC as the greatest female group, placing them at number 12 on the list of 100 Greatest Women in Music. Billboard magazine ranked TLC as one of the greatest musical trios, as well as the seventh-most-successful act of the 1990s. The group's accolades include four career Grammy Awards, five MTV Video Music Awards, and five Soul Train Music Awards.

**About "Creep – TLC Version" by TLC**

"Creep – TLC Version" is new sound recording by TLC, the best-selling American girl group of all time, that was initially released January 31, 2023. It is a re-recording of TLC's previous number-one single "Creep" released in October 1994 that reached #1 on the *Billboard Hot 100* chart and is certified Platinum by the RIAA. As a new recording, the song was fully owned by the band and for the first time upon recording – and after selling our company 50% of the royalty rights to this song, TLC and holders of the "No Scrubs – TLC Version" Royalty Share Units will together receive all royalties generated from the song.

**Royalty Share Agreement Terms**

The TLC Agreement is between and our company and TLC II, LLC, an entity owned by the members of TLC. The "Creep – TLC Version" Music Royalty Asset is one (1) of three (3) underlying assets of the TLC Agreement. With respect to the "Creep – TLC Version" Music Royalty Asset portion of the TLC Agreement, the TLC Agreement provides the company with fifty percent (50%) of all streaming and digital download revenues generated from the "Creep – TLC Version" recording paid by DistroKid for the life of the copyright. Digital sales and streaming data shall be determined by reference to the royalty statements from the royalties paid to the TLC II, LLC monthly by DistroKid, which shall be conclusive and binding upon the parties to the TLC Agreement, absent manifest error.

**Financial Highlights**

"Creep – TLC Version" was released in January 2023 – however, promotion for this song only commenced in May of 2023. As such, there is limited financial data available for its performance, and limited royalties have been earned on this recording as of the date of this offering circular. Investors should be aware that past financial performance of the original "Creep" recording may not be indicative of the future performance of this re-recorded "Creep – TLC Version".

---

| | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **2023** | **2023** | **2023** | **2023** | **2023** | **2023** | **2023** | **2023** | **2024** | **2024** | **2024** | **2024** | **2024** | **2024** | **2024** | **2024** |
|  | **Q1** | **Q1** | **Q2** | **Q2** | **Q3** | **Q3** | **Q4** | **Q4** | **Q1** | **Q1** | **Q2** | **Q2** | **Q3** | **Q3** | **Q4** | **Q4** |
| Creep – TLC Version |  | 1.44 |  | 110.42 |  | 95.31 |  | 40.44 |  | 76.95 |  | 59.42 |  | 122.76 |  | 101.98 |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **2025** | **2025** | **2025** | **2025** | **2025** | **2025** | **2025** | **2025** |
|  | **Q1** | **Q1** | **Q2** | **Q2** | **Q3** | **Q3** | **Q4** | **Q4** |
| Creep – TLC Version |  | 89.41 |  | 60.61 |  | 189.63 |  | 255.52 |

---

*This table represents the percentage of historical royalties proportional to the percentage of the Music Royalty Asset available for sale under this offering.*

***Administrative Fee for the TLC Royalty Share Agreement***

The Administrative Fee (i.e., the amount to be paid to our company as a percentage of the value of the royalty payments collected by our company to be distributed to holders of "Creep – TLC Version" Royalty Share Units) is 5.00%.

**<u>The "Beyoncé's Radio" Music Royalty Asset</u>**

**Summary Overview**

The "Beyoncé's Radio" Music Royalty Asset is the underlying asset of the "Beyoncé's Radio" Royalty Share Agreement (the "Agreement"). The Agreement contains up to one hundred percent (100%) of the producer's share of revenues from the sale and exploitation of the paid by Sony Music Entertainment from the composition "Radio" recorded by Beyoncé, as well as revenues from sale and exploitation of videos related to this composition.

**About Beyoncé**

A multifaceted superstar by any measure, Beyoncé rose to fame in the late '90s as the central member of pop-R&B group Destiny's Child, and in the following decade embarked on a multi-platinum, record-breaking solo career with *Dangerously in Love* (2003), her first in an unbroken string of number one pop solo albums. Chart-topping singles such as "Crazy in Love" (2003), "Irreplaceable" (2006), and "Single Ladies (Put a Ring on It)" (2008), combined with sold-out world tours and Grammy Awards, all heightened her profile in the 2000s.

In 2008, the singer released her third studio album, *I Am...Sasha Fierce*, which includes "Radio," the title included in this offering. The double-disc effort emphasized her two distinct personalities, allowing Beyoncé to explore both mainstream sounds and traditional R&B. Billboard named her female artist of the decade, while the RIAA acknowledged that, with 64 gold and platinum certifications, she was the decade's top-selling artist.

Beyoncé followed ten Grammy nominations in 2010 with 2011 album *4*, which debuted at the top of the Billboard 200. Once Beyoncé released her self-titled visual album (2013), it was evident that the powerhouse vocalist, songwriter, and dancer wasn't merely an entertainer but a progressive artist as well. The notion has been reaffirmed with her second visual album, *Lemonade* (2016), the Jay-Z collaboration *Everything Is Love* (2018), and her work on *The Lion King* (2019). She heralded her seventh studio album, *Renaissance* (2022), with the Top 20 single "Break My Soul" and followed it up with her latest, *COWBOY CARTER* in March 2024.

**Royalty Share Agreement Terms**

The "Beyoncé's Radio" Royalty Share Agreement is between the producer of this song recording and our company. Pursuant to the Agreement, the company will be entitled to up to one hundred percent (100%) of the producer's share of revenues from the sale and exploitation of the paid by Sony Music Entertainment from the composition "Radio" recorded by Beyoncé, as well as revenues from sale and exploitation of videos related to this composition.

**Financial Highlights**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **2022** | **2022** | **2023** | **2023** | **2024** | **2024** | **2025** |
|  | **1H** | **2H** | **1H** | **2H** | **1H** | **2H** | **H1** |
| Total Royalties | $784.88 | $1377.56 | $880.52 | $779.42 | $613.94 | $2163.95 | $718.90 |

---

 *This table represents the percentage of historical royalties proportional to the percentage of the Music Royalty Asset available for sale under this offering.*

***Administrative Fee for the "Beyonce's Radio" Royalty Share Agreement***

The Administrative Fee (i.e., the amount to be paid to our company as a percentage of the value of the royalty payments collected by our company to be distributed to holders of "Beyonce's Radio" Royalty Share Units) is 5.00%.

**<u>The "Beyoncé</u> <u>-</u> <u>Countdown and More" Music Royalty Asset</u>**

*<u>Note</u>: Previously, we referred to this Music Royalty Asset as "Cainon Lamb (Beyonce's "Countdown" and More)". We have since updated the name of this asset to better match our naming conventions – but the underlying Music Royalty Asset remains the same.)*

**About Beyoncé and "Countdown"**

A multifaceted superstar by any measure, Beyoncé rose to fame in the late '90s as the central member of pop-R&B group Destiny's Child, and in the following decade embarked on a multi-platinum, record-breaking solo career with *Dangerously in Love* (2003), her first in an unbroken string of number one pop solo albums. Chart-topping singles such as "Crazy in Love" (2003), "Irreplaceable" (2006), and "Single Ladies (Put a Ring on It)" (2008), combined with sold-out world tours and Grammy Awards, all heightened her profile in the 2000s.

In 2008, the singer released her third studio album, *I Am...Sasha Fierce*. The double-disc effort emphasized her two distinct personalities, allowing Beyoncé to explore both mainstream sounds and traditional R&B. Billboard named her female artist of the decade, while the RIAA acknowledged that, with 64 gold and platinum certifications, she was the decade's top-selling artist.

Beyoncé followed ten Grammy nominations in 2010 with 2011 album *4*, which debuted at the top of the Billboard 200 and includes title "Countdown," featured in this catalog, which was certified a 2X-Platinum single by the RIAA in 2022.

Once Beyoncé released her self-titled visual album (2013), it was evident that the powerhouse vocalist, songwriter, and dancer wasn't merely an entertainer but a progressive artist as well. The notion has been reaffirmed with her second visual album, *Lemonade* (2016), the Jay-Z collaboration *Everything Is Love* (2018), and her work on *The Lion King* (2019). She heralded her seventh studio album, *Renaissance* (2022), with the Top 20 single "Break My Soul" and followed it up with her latest, *COWBOY CARTER* in March 2024.

**About "Let It Go" by Keyshia Cole, Missy Elliott, and Lil' Kim**

With a raspy soprano voice, Keyshia Cole became one of the most successful R&B artists to emerge in the mid-2000s. In 2007, she released album Just Like You, which featured four major singles, including "Let It Go," a title in this catalog, with assists from major label artists Missy Elliott and Lil' Kim. "Let It Go" was certified by the RIAA as a Platinum single later that same year, and the track received a Grammy nomination for Best Rap/Sung Collaboration, while *Just Like You* was nominated for Best Contemporary R&B Album.

**Royalty Share Agreement Terms**

The "Beyonce - Countdown and More" Royalty Share Agreement is between the songwriter and our company. Pursuant to the Agreement, SongVest will have the right to receive up to 100% of the songwriter's performance revenue share for the life of the copyrights listed below. Revenues the company will be entitled to receive from the copyrights listed below (assets) pursuant to this agreement include revenues earned in connection with the public performance of the copyrights, which will be paid at the percentage interest as defined in the "Beyonce - Countdown and More" Royalty Share Agreement. Sales shall be determined by reference to the royalty statements from the royalties paid to the songwriter quarterly by ASCAP, which shall be conclusive and binding upon the parties to the agreement, absent manifest error.

**Financial Highlights**

In December 2023, ASCAP paid to rightsholders amounts related to certain historical adjustments for Amazon Music streaming collections. The applicable amount for this payment for the assets included in this offering totalled $112, and this amount is excluded from the financial information provided in this listing. The underlying data for that payment may be found in the detailed data accompanying this listing.

The royalties paid over the Q2 2023 to Q1 2024 timeframe from the revenue stream contemplated in the Beyonce – "Countdown" and More" Royalty Share Agreement have averaged approximately $1,854 per quarter.

---

| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **2023** | **2023** | **2023** | **2023** | **2023** | **2023** | **2023** | **2023** | **2024** | **2024** | **2024** | **2024** | **2024** | **2024** | **2024** | **2024** | **2025** | **2025** | **2025** | **2025** |
| **Q1** | **Q1** | **Q2** | **Q2** | **Q3** | **Q3** | **Q4** | **Q4** | **Q1** | **Q1** | **Q2** | **Q2** | **Q3** | **Q3** | **Q4** | **Q4** | **Q1** | **Q1** | **Q2** | **Q2** |
|  | 91.53 |  | 83.82 |  | 72.10 |  | 107.41 |  | 82.64 |  | 106.58 |  | 105.38 |  | 62.73 |  | 76.38 |  | 59.55 |

---

*This table represents the percentage of historical royalties proportional to the percentage of the Music Royalty Asset available for sale under this offering.*

***Administrative Fee for the "Beyonce - "Countdown" and More" Royalty Share Agreement***

The Administrative Fee (i.e., the amount to be paid to our company as a percentage of the value of the royalty payments collected by our company to be distributed to holders of "Beyonce - "Countdown" and More" Royalty Share Units) is 5.00%.

**<u>"Young Thug – Best Friend" Royalty Share Asset</u>**

The "Young Thug – Best Friend" Music Royalty Asset is the underlying asset of the "Young Thug – Best Friend" Royalty Share Agreement (the "Agreement"). The Agreement contains up to one hundred percent (100%) of the songwriter's share of public performance income paid by BMI earned by the "Best Friend" song recording by the artist Young Thung.

**About Young Thug**

Flouting hip-hop conventions while defying gender and sexuality stereotypes, Young Thug has been one of the most distinctive contemporary rap artists since attaining his chart debut with "Stoner" (2014). The eccentric rapper's first of many gold- and platinum-certified recordings arrived amid a barrage of mixtapes that led to the Top Ten entries *JEFFERY* (2016) and *Beautiful Thugger Girls* (2017), and eventually his chart-topping debut studio album, *So Much Fun* (2019). A keen collaborator, Thug has been featured on dozens of tracks, including pop hits such as Camila Cabello's "Havana," Childish Gambino's Grammy-winning "This Is America," and Post Malone's "Goodbyes," and he has hit the upper reaches of the charts with the co-headlining commercial mixtapes *Super Slimey* (with Future) and *Slime & B* (with Chris Brown) as well as the crew compilation *Slime Language 2*. In 2021, he offered his second chart-topping studio album, *Punk*, followed in 2023 by *Business Is Business*.

An Atlanta native, Young Thug (born Jeffery Lamar Williams) released three volumes of his mixtape series before joining Gucci Mane's 1017 Brick Squad crew in late 2012. His mixtape *1017 Thug* followed in early 2013, featuring the quirky street single "Picacho." Later in the year, his "Stoner" single appeared, but it didn't catch fire until 2014, when an authorized remix featuring Wale opened the floodgates for a series of unauthorized remixes from artists like Jim Jones, lamsu!, and Trick Trick. The original track peaked that April and was eventually certified gold by the RIAA.

That same year, Thug signed to 300 Entertainment, the Atlantic-distributed imprint co-founded by Lyor Cohen and Kevin Liles, and continued recording mixtapes. His first release for the label, 2015's *Barter 6*, climbed to number 22 on the Billboard 200 album chart. He began 2016 with *I'm Up*, the first of many mixtapes that year, which debuted at the same position as *Barter*. Months later, he dropped the Top Ten hit *Slime Season 3*. Before his next release, he was awarded a platinum certification for his 2015 track "Best Friend," the title featured in this Royalty Share Units offering. At the end of the summer, he unexpectedly issued his third tape, originally titled *No, My Name Is Jeffery* and changed a week later to simply *JEFFERY*. With its provocative cover art and concept (each track was named after one of Thug's idols), *JEFFERY* featured reggae/dub flourishes and appearances by Migos' Offset and Quavo, Gucci Mane, Travis Scott, and Wyclef Jean.

Veering unexpectedly into new sonic territory, *Beautiful Thugger Girls* arrived in June 2017. Though it flirted with country and pop, the set retained Thug's trademark weirdness at the fore. In 2017, he issued a pair of collaborations, first with producer Carnage on the *Young Martha* EP, which saw release that September, and then with Future on the October mixtape *Super Slimey*, and he was also featured on Camila Cabello's number one pop hit "Havana." The single "Ride on Me," featuring A-Trak arrived in early 2018 ahead of the release of the *Hear No Evil* EP, which was issued that April. After he appeared on another number one hit, Childish Gambino's "This Is America" (subsequently the Song of the Year winner at the 61st Grammy Awards), he issued the Young Stoner Life Records compilation *Slime Language*, which featured Lil Duke, Gunna, and Lil Uzi Vert. The next month, Thug released his third EP, *On the Rvn*. Debuting in the Top 20 of both the Billboard 200 and the R&B/ hiphop charts, the set featured guests 6LACK and Jaden Smith as well as Elton John, who gave Thug his seal of approval on the "Rocket Man"-sampling "High." Thug's first output in 2019 arrived in the form of a collaboration with J. Cole and Travis Scott titled "The London." The single became his first Top 40 pop hit as a headliner — it peaked at number 12 on the Hot 100 — and was featured on his proper debut album, *So Much Fun*, which followed in August and topped the Billboard 200. Before the album's second single, "Hot," reached number 11 on the Hot 100, Thug was the featured artist on yet another hit, Post Malone's Top Three "Goodbyes." "The London" was later nominated for a Grammy in the category of Best Rap/Sung Performance. Thug's work throughout 2020 included appearances on charting tracks by Migos, Gunna, DaBaby, and JackBoys, and a commercial mixtape collaboration with Chris Brown, Slime & B. He later reached the number one position for a second time with an appearance on Travis Scott's single "Franchise."

Kicking off 2021, Thug scored his first chart-topper of the year with the Young Stoner Life compilation *Slime Language 2*. The set featured Travis Scott, Drake, Lil Uzi Vert, Big Sean, Skepta, Future, Kid Cudi, and over a dozen more famous friends. By the end of the year, Thug delivered his second studio LP, *Punk*, a slight return to his more experimental side that featured guest spots from Doja Cat, Post Malone, Gunna, J. Cole, and many others. The album debuted at the number one spot on the Billboard 200 chart. Young Thug's third long-player, *Business Is Business*, appeared in 2023, with features from Travis Scott, Future, Lil Uzi Vert, 21 Savage, and Drake.

**Royalty Share Agreement Terms**

The "Young Thug – Best Friend" Royalty Share Agreement is between our company and the songwriter of the "Best Friend" composition by Young Thug. The Agreement entitles the company to up to one hundred percent (100%) of the songwriter's share of public performance income paid by BMI earned by the "Best Friend" song recording by the artist Young Thung.

**Financial Highlights**

The royalties paid over the last four quarters from the revenue stream contemplated in the "Young Thug - Best Friend" Royalty Share Agreement have averaged approximately $337 per quarter for the periods presented below.

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| | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **2023** | **2023** | **2023** | **2023** | **2023** | **2023** | **2023** | **2023** | **2024** | **2024** | **2024** | **2024** | **2024** | **2024** | **2024** | **2024** | **2025** | **2025** | **2025** | **2025** |
| **Q1** | **Q1** | **Q2** | **Q2** | **Q3** | **Q3** | **Q4** | **Q4** | **Q1** | **Q1** | **Q2** | **Q2** | **Q3** | **Q3** | **Q4** | **Q4** | **Q1** | **Q1** | **Q2** | **Q2** |
|  | 174.42 |  | 189.85 |  | 162.07 |  | 149.73 |  | 158.27 |  | 157.04 |  | 182.98 |  | 180.01 |  | 191.32 |  | 160.38 |

---

*This table represents the percentage of historical royalties proportional to the percentage of the Music Royalty Asset available for sale under this offering.*

**Administrative Fee for "Young Thug – Best Friend" Royalty Share Agreement**

The Administrative Fee (i.e., the amount to be paid to our company as a percentage of the value of the royalty payments collected by our company to be distributed to holders of "Young Thug – Best Friend" Royalty Share Units) is 5.00%.

**<u>Duran Duran -</u> <u>"A Kind Of Magic" Royalty Share Asset</u>**

The "A Kind Of Magic" Music Royalty Asset is the underlying asset of the Duran Duran - "A Kind Of Magic" Royalty Share Agreement (the "Agreement"). The Agreement contains up to one hundred percent (100%) of David Richards producer's share paid by Universal Music earned by the "A Kind Of Magic" song recording by the artist Queen.

**About David Richards**

David Richards (1956–2013) was a British-Swiss record producer, engineer, and musician renowned for his work with iconic artists like Queen, David Bowie, and Duran Duran. Richards spent much of his career at the legendary Mountain Studios in Montreux, Switzerland, where he became a close collaborator with Queen, particularly in the later stages of their career. He co-produced their albums *A Kind of Magic* (1986), *The Miracle* (1989), *Innuendo* (1991), and *Made in Heaven* (1995), contributing to some of their most memorable late-era hits.

Richards also worked extensively with David Bowie, co-producing albums including *Never Let Me Down* (1987) and *Outside* (1995), which highlighted his ability to adapt to Bowie's experimental vision. His influence extended to artists like Duran Duran, Chris Rea, and Iggy Pop, among others, where his production work emphasized blending cutting-edge technology with authentic soundscapes. Known for his technical precision, musical intuition, and creativity, Richards left a lasting impact on rock and pop music, shaping the sound of many seminal albums during the 1980s and 1990s.

**About "A Kind of Magic" Performed by Queen** 

"A Kind of Magic" is an energetic and catchy song by Queen, released in 1986 as part of their album A Kind of Magic and featured prominently in the film Highlander. Known for its infectious chorus, uplifting rhythm, and dynamic production, the song combines rock and pop with a sense of enchantment. It quickly became a fan favorite and a hit, especially in the UK, where it reached number three on the charts. The song's whimsical lyrics and catchy melody highlight Queen's ability to blend rock with mainstream appeal, and it has remained one of their most popular songs.

**Royalty Share Agreement Terms**

The Duran Duran - "A Kind of Magic" Royalty Share Agreement is between our company and the owner of the producer's share of "The Show Must Go On" by Queen. The Agreement entitles the company up to one hundred percent (100%) of the producer's share paid by Universal Music earned by the "A Kind of Magic" song recording by the artist Queen.

**Financial Highlights**

Royalties paid over recent quarters from the revenue stream contemplated in the Duran Duran - "A Kind Of Magic" Royalty Share Agreement are set forth in the table below.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **2023** | **2023** | **2023** | **2023** | **2024** | **2024** | **2024** | **2024** | **2025** | **2025** | **2025** |
|  | **Q1** | **Q2** | **Q3** | **Q4** | **Q1** | **Q2** | **Q3** | **Q4** | **Q1** | **Q2** | **Q3** |
| **A Kind of Magic** |  | 432.49 | 790.31 | 644.63 | n/a | n/a | 1275.16 | 504.87 | 1306.29 | 446.36 | 811.18 |

---

*This table represents the percentage of historical royalties proportional to the percentage of the Music Royalty Asset available for sale under this offering.*

**Administrative Fee for Duran Duran "A Kind Of Magic" Royalty Share Agreement**

The Administrative Fee (i.e., the amount to be paid to our company as a percentage of the value of the royalty payments collected by our company to be distributed to holders of "A Kind Of Magic" Royalty Share Units) is 5.00%.

**Investor Perk**

Purchasers of Duran Duran - "A Kind Of Magic" Royalty Share Units are entitled to receive a "Certificate of Authenticity" at no additional cost. See "Plan of Distribution – Investor Perks" for more details.

**<u>Que</u><u>en -</u> <u>"The Show Must Go On" Royalty Share Asset</u>**

The "The Show Must Go On" Music Royalty Asset is the underlying asset of the Queen - "The Show Must Go On" Royalty Share Agreement (the "Agreement"). The Agreement contains up to one hundred percent (100%) of David Richards producer's share paid by Universal Music earned by the "The Show Must Go On" song recording by the artist Queen.

**About David Richards**

David Richards (1956–2013) was a British-Swiss record producer, engineer, and musician renowned for his work with iconic artists like Queen, David Bowie, and Duran Duran. Richards spent much of his career at the legendary Mountain Studios in Montreux, Switzerland, where he became a close collaborator with Queen, particularly in the later stages of their career. He co-produced their albums *A Kind of Magic* (1986), *The Miracle* (1989), *Innuendo* (1991), and *Made in Heaven* (1995), contributing to some of their most memorable late-era hits.

Richards also worked extensively with David Bowie, co-producing albums including *Never Let Me Down* (1987) and *Outside* (1995), which highlighted his ability to adapt to Bowie's experimental vision. His influence extended to artists like Duran Duran, Chris Rea, and Iggy Pop, among others, where his production work emphasized blending cutting-edge technology with authentic soundscapes. Known for his technical precision, musical intuition, and creativity, Richards left a lasting impact on rock and pop music, shaping the sound of many seminal albums during the 1980s and 1990s.

**About "The Show Must Go On" Performed by Queen** 

"The Show Must Go On" is a poignant and powerful song by Queen, released in 1991 as the closing track on their album Innuendo. Known for its dramatic orchestration, haunting melody, and lyrics about perseverance in the face of adversity, it became a tribute to Freddie Mercury's courage as he continued performing despite his declining health due to AIDS. The song's message—of facing life's challenges and moving forward—has resonated deeply with fans, becoming one of Queen's most celebrated and emotional works.

**Royalty Share Agreement Terms**

The "The Show Must Go On" Royalty Share Agreement is between our company and the owner of the producer's share of "A Kind Of Magic" by Queen. The Agreement entitles the company to up to fifty percent (50%) of the producer's share of royalties paid by Universal Music and up to one hundred percent (100%) of the "neighbouring rights" i.e. (broadcast and public performance royalties) paid by Phonographic Performance Limited (PPL).

**Financial Highlights**

Royalties paid over recent quarters from the revenue stream contemplated in the "The Show Must Go On" Royalty Share Agreement are set forth in the table below.

---

| | | | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **2023** | **2023** | **2023** | **2023** | **2023** | **2023** | **2023** | **2023** | **2024** | **2024** | **2024** | **2024** | **2024** | **2024** | **2024** | **2024** | **2025** | **2025** | **2025** | **2025** | **2025** | **2025** |
|  | **Q1** | **Q1** | **Q2** | **Q2** | **Q3** | **Q3** | **Q4** | **Q4** | **Q1** | **Q1** | **Q2** | **Q2** | **Q3** | **Q3** | **Q4** | **Q4** | **Q1** | **Q1** | **Q2** | **Q2** | **Q3** | **Q3** |
| **The Show Must Go On** |  | 390.59 |  | 652.77 |  | 698.57 |  | 976.92 |  | 263.98 |  | 375.32 |  | 783.97 |  | 348.27 |  | 261.99 |  | 658.66 |  | 825.77 |

---

**Administrative Fee for "The Show Must Go On" Royalty Share Agreement**

The Administrative Fee (i.e., the amount to be paid to our company as a percentage of the value of the royalty payments collected by our company to be distributed to holders of "The Show Must Go On" Royalty Share Units) is 5.00%.

**Investor Perk**

Purchasers of "The Show Must Go On" Royalty Share Units are entitled to receive a "Certificate of Authenticity" at no additional cost. See "Plan of Distribution – Investor Perks" for more details.

**<u>"Bohemian Rhapsody</u> <u>Soundtrack</u><u>" Royalty Share Asset</u>**

The "Bohemian Rhapsody" Music Royalty Asset is the underlying asset of the "Bohemian Rhapsody Soundtrack" Royalty Share Agreement (the "Agreement"). The Agreement contains up to one hundred percent (100%) of David Richards producer's share paid by Universal Music earned by the "Bohemian Rhapsody Soundtrack" recorded by the artist Queen.

**About David Richards**

David Richards (1956–2013) was a British-Swiss record producer, engineer, and musician renowned for his work with iconic artists like Queen, David Bowie, and Duran Duran. Richards spent much of his career at the legendary Mountain Studios in Montreux, Switzerland, where he became a close collaborator with Queen, particularly in the later stages of their career. He co-produced their albums *A Kind of Magic* (1986), *The Miracle* (1989), *Innuendo* (1991), and *Made in Heaven* (1995), contributing to some of their most memorable late-era hits.

Richards also worked extensively with David Bowie, co-producing albums including *Never Let Me Down* (1987) and *Outside* (1995), which highlighted his ability to adapt to Bowie's experimental vision. His influence extended to artists like Duran Duran, Chris Rea, and Iggy Pop, among others, where his production work emphasized blending cutting-edge technology with authentic soundscapes. Known for his technical precision, musical intuition, and creativity, Richards left a lasting impact on rock and pop music, shaping the sound of many seminal albums during the 1980s and 1990s.

**About "Bohemian Rhapsody Soundtrack" Performed by Queen**

The 2018 *Bohemian Rhapsody* movie soundtrack is a compilation of Queen's greatest hits, designed to complement the biographical film about Freddie Mercury and the band's rise to fame. The soundtrack captures the energy, creativity, and depth of Queen's music, featuring iconic songs like "We Will Rock You," "Radio Ga Ga," "Somebody to Love," and, of course, "Bohemian Rhapsody."

What makes the soundtrack special is its blend of original studio recordings, new mixes, and live performances, including several songs from Queen's legendary 1985 Live Aid concert, which had not been released in audio form before. It also includes previously unreleased recordings, like a live version of "Fat Bottomed Girls" from a 1979 Paris show. Produced with the aim of encapsulating Queen's live energy and musical evolution, the soundtrack not only highlights Mercury's vocal power and Brian May's guitar work but also the band's collaborative spirit and stage presence.

The *Bohemian Rhapsody* soundtrack became a commercial success, introducing Queen's timeless music to new generations and helping the band's legacy live on through the film.

**Royalty Share Agreement Terms**

The "Bohemian Rhapsody" Royalty Share Agreement is between our company and the owner of the producer's share of titles included in the "Bohemian Rhapsody" soundtrack by Queen. The Agreement entitles the company up to one hundred percent (100%) of the producer's share paid by Universal Music earned by the "Bohemian Rhapsody" sound track recording by the artist Queen.

**Financial Highlights**

Royalties paid over recent quarters from the revenue stream contemplated in the "Bohemian Rhapsody" Royalty Share Agreement are set forth in the table below.

---

| | | | | | | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **2023** | **2023** | **2023** | **2023** | **2023** | **2023** | **2024** | **2024** | **2024** | **2024** | **2024** | **2024** | **2024** | **2024** | **2025** | **2025** | **2025** | **2025** | **2025** | **2025** |
|  | **Q2** | **Q2** | **Q3** | **Q3** | **Q4** | **Q4** | **Q1** | **Q1** | **Q2** | **Q2** | **Q3** | **Q3** | **Q4** | **Q4** | **Q1** | **Q1** | **Q2** | **Q2** | **Q3** | **Q3** |
| **Bohemian Rhapsody Soundtrack** |  | 104.45 |  | 81.14 |  | 224.43 |  | n/a |  | n/a |  | 92.37 |  | 167.24 |  | **143.55** |  | **115.31** |  | **121.05** |

---

**Administrative Fee for "Bohemian Rhapsody Soundtrack" Royalty Share Agreement**

The Administrative Fee (i.e., the amount to be paid to our company as a percentage of the value of the royalty payments collected by our company to be distributed to holders of "Bohemian Rhapsody" Royalty Share Units) is 5.00%.

**Investor Perk**

Purchasers of "Bohemian Rhapsody" Royalty Share Units are entitled to receive a "Certificate of Authenticity" at no additional cost. See "Plan of Distribution – Investor Perks" for more details.

**<u>Queen -</u> <u>"I Want It All" Royalty Share Asset\*</u>**

The "I Want It All" Music Royalty Asset is the underlying asset of the Queen - "I Want It All" Royalty Share Agreement (the "Agreement"). The Agreement contains to up to forty percent (40%) of the producer's share paid by Universal Music and up to one hundred percent (100%) of the Neighbouring rights paid by PPL earned by the "I Want It All" song recording by the artist Queen.

**About David Richards**

David Richards (1956–2013) was a British-Swiss record producer, engineer, and musician renowned for his work with iconic artists like Queen, David Bowie, and Duran Duran. Richards spent much of his career at the legendary Mountain Studios in Montreux, Switzerland, where he became a close collaborator with Queen, particularly in the later stages of their career. He co-produced their albums *A Kind of Magic* (1986), *The Miracle* (1989), *Innuendo* (1991), and *Made in Heaven* (1995), contributing to some of their most memorable late-era hits.

Richards also worked extensively with David Bowie, co-producing albums including *Never Let Me Down* (1987) and *Outside* (1995), which highlighted his ability to adapt to Bowie's experimental vision. His influence extended to artists like Duran Duran, Chris Rea, and Iggy Pop, among others, where his production work emphasized blending cutting-edge technology with authentic soundscapes. Known for his technical precision, musical intuition, and creativity, Richards left a lasting impact on rock and pop music, shaping the sound of many seminal albums during the 1980s and 1990s.

**About "I Want It All" Performed by Queen** 

"I Want It All" is a powerful rock anthem by Queen, released in 1989 on their album The Miracle. Known for its fierce guitar riffs, commanding vocals, and unapologetic lyrics, the song expresses a determined drive to achieve one's goals. It has since become one of Queen's signature tracks, resonating with audiences for its message of ambition and resilience. The song was particularly popular in the U.S., where its defiant energy and heavy guitar sound were a hit with rock audiences, solidifying Queen's place in the hard rock genre.

**Royalty Share Agreement Terms**

The Queen - "I Want It All" Royalty Share Agreement is between our company and the owner of the producer's share of "I Want It All" by Queen. The Agreement entitles the company to up to forty percent (40%) of the producer's share paid by Universal Music and up to one hundred percent (100%) of the Neighbouring rights paid by PPL earned by the "I Want It All" song recording by the artist Queen.

**Financial Highlights**

Royalties paid over recent quarters from the revenue stream contemplated in the Queen - "I Want It All" Royalty Share Agreement are set forth below.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **2023** | **2023** | **2023** | **2023** | **2024** | **2024** | **2024** | **2024** | **2025** | **2025** | **2025** |
|  | **Q1** | **Q2** | **Q3** | **Q4** | **Q1** | **Q2** | **Q3** | **Q4** | **Q1** | **Q2** | **Q3** |
| **I Want It All** | 322.45 | 497.11 | 2031.45 | 772.99 | 488.16 | 525.78 | 936.95 | 101.83 | 215.53 | 221.33 | 724.75 |

---

*This table represents the percentage of historical royalties proportional to the percentage of the Music Royalty Asset available for sale under this offering.*

**Administrative Fee for Queen - "I Want It All" Royalty Share Agreement**

The Administrative Fee (i.e., the amount to be paid to our company as a percentage of the value of the royalty payments collected by our company to be distributed to holders of Queen - "I Want It All" Royalty Share Units) is 5.00%.

**Investor Perk**

Purchasers of Queen - "I Want It All" Royalty Share Units are entitled to receive a "Certificate of Authenticity" at no additional cost. See "Plan of Distribution – Investor Perks" for more details.

**<u>Queen -</u> <u>"Under Pressure" Royalty Share Asset\*</u>**

The "Under Pressure" Music Royalty Asset is the underlying asset of the "Under Pressure" Royalty Share Agreement (the "Agreement"). The Agreement contains to up to one hundred percent (100%) of the Neighbouring rights paid by PPL earned by the "Under Pressure" song recording by the artist Queen and David Bowie.

**About David Richards**

David Richards (1956–2013) was a British-Swiss record producer, engineer, and musician renowned for his work with iconic artists like Queen, David Bowie, and Duran Duran. Richards spent much of his career at the legendary Mountain Studios in Montreux, Switzerland, where he became a close collaborator with Queen, particularly in the later stages of their career. He co-produced their albums *A Kind of Magic* (1986), *The Miracle* (1989), *Innuendo* (1991), and *Made in Heaven* (1995), contributing to some of their most memorable late-era hits.

Richards also worked extensively with David Bowie, co-producing albums including *Never Let Me Down* (1987) and *Outside* (1995), which highlighted his ability to adapt to Bowie's experimental vision. His influence extended to artists like Duran Duran, Chris Rea, and Iggy Pop, among others, where his production work emphasized blending cutting-edge technology with authentic soundscapes. Known for his technical precision, musical intuition, and creativity, Richards left a lasting impact on rock and pop music, shaping the sound of many seminal albums during the 1980s and 1990s.

**About Under Pressure Performed by Queen and David Bowie**

"Under Pressure" is a rock classic performed by Queen and David Bowie, released as a single in 1981. The song combines rock, funk, and soul influences, featuring an iconic bassline, emotive vocals, and a theme exploring the pressures of modern life and the need for love and empathy. It became a major hit, topping the UK Singles Chart, and is celebrated as one of rock's most memorable collaborations.

David Richards actually played the piano on "Under Pressure" when late in the morning David Richards and David Bowie switched roles with Bowie at the mixing board directing Richards to get the right piano chords.

**Royalty Share Agreement Terms**

The Queen -"Under Pressure" Royalty Share Agreement is between our company and the owner of the producer's share of "Under Pressure" by Queen and David Bowie. The Agreement entitles the company to up to one hundred percent (100%) of the Neighbouring rights paid by PPL earned by the "I Want It All" song recording by the artist Queen and David Bowie.

**Financial Highlights**

Royalties paid over recent quarters from the revenue stream contemplated in the Queen - "Under Pressure" Royalty Share Agreement are set forth in the table below.

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **2023** | **2023** | **2023** | **2023** | **2024** | **2024** | **2024** | **2024** | **2025** | **2025** | **2025** |
|  | **Q1** | **Q2** | **Q3** | **Q4** | **Q1** | **Q2** | **Q3** | **Q4** | **Q1** | **Q2** | **Q3** |
| Under Pressure | 396.59 | 335.00 | 221.61 | 266.50 | 401.77 | 585.39 | n/a | n/a | n/a | 276.21 | 1010.53 |

---

*This table represents the percentage of historical royalties proportional to the percentage of the Music Royalty Asset available for sale under this offering.*

**Administrative Fee for Queen - "Under Pressure" Royalty Share Agreement**

The Administrative Fee (i.e., the amount to be paid to our company as a percentage of the value of the royalty payments collected by our company to be distributed to holders of "Under Pressure" Royalty Share Units) is 5.00%.

**Investor Perk**

Purchasers of "Under Pressure" Royalty Share Units are entitled to receive a "Certificate of Authenticity" at no additional cost. See "Plan of Distribution – Investor Perks" for more details.

**<u>The "Duran Duran's Ordinary World" Music Royalty Asset</u>**

The "Duran Duran's Ordinary World" Music Royalty Asset is the underlying asset of the "Duran Duran's Ordinary World" Royalty Share Agreement (the "Agreement"). The Agreement contains to up to 75% of David Richard's share of royalties related to this song, who was a producer of the song recording.

**About David Richards**

David Richards (1956–2013) was a British-Swiss record producer, engineer, and musician renowned for his work with iconic artists like Queen, David Bowie, and Duran Duran. Richards spent much of his career at the legendary Mountain Studios in Montreux, Switzerland, where he became a close collaborator with Queen, particularly in the later stages of their career. He co-produced their albums *A Kind of Magic* (1986), *The Miracle* (1989), *Innuendo* (1991), and *Made in Heaven* (1995), contributing to some of their most memorable late-era hits.

Richards also worked extensively with David Bowie, co-producing albums including *Never Let Me Down* (1987) and *Outside* (1995), which highlighted his ability to adapt to Bowie's experimental vision. His influence extended to artists like Duran Duran, Chris Rea, and Iggy Pop, among others, where his production work emphasized blending cutting-edge technology with authentic soundscapes. Known for his technical precision, musical intuition, and creativity, Richards left a lasting impact on rock and pop music, shaping the sound of many seminal albums during the 1980s and 1990s.

**About "Ordinary World" performed by Duran Duran**

"Ordinary World" is a song by the English pop rock band Duran Duran, released on 19 December 1992 by Capitol as the first single from their second self-titled album (1993), commonly known as the *Wedding Album*. It was later released in the UK by EMI and Parlophone on 18 January 1993. The ballad, both written by the band and co-produced with John Jones, topped the US *Billboard* Top 40/Mainstream chart, the Canadian *RPM* 100 Hit Tracks chart, and the Italian Singles Chart. It also peaked at number three on the *Billboard* Hot 100, number two in Iceland and Sweden, and number six on the UK Singles Chart. The song's music video was directed by Nick Egan and filmed in California.

The song was nominated for Ivor Novello Award for Best Song Musically and Lyrically in May 1994. Lead vocalist Simon Le Bon sang the song with Luciano Pavarotti at a benefit concert for War Child. "Ordinary World" remains one of Duran Duran's most popular songs and, in October 2021, was their second-most streamed song in the UK.

David Richards was a producer of the "Ordinary World" song recording.

**Royalty Share Agreement Terms**

The "Duran Duran's Ordinary World" Royalty Share Agreement is between the seller and our company. Pursuant to the Agreement, our company will have the right to receive up to 75% of the of the seller's share of producer royalties related to the "Ordinary World" sound recording as paid by Warner Music Group UK for the life of the copyrights. Revenues the company will be entitled to receive pursuant to this agreement include revenues earned in connection with the mechanicals/streaming of the copyrights, which will be paid at the percentage interest as defined in the "Duran Duran's Ordinary World" Royalty Share Agreement. Sales shall be determined by reference to the royalty statements from the royalties paid by Warner Music Group UK to the seller quarterly, which shall be conclusive and binding upon the parties to the agreement, absent manifest error.

We note that the "seller" in this agreement is Alex Guiva, a member of our manager, SAJA, and a related party of our company *See* "Interest of Management and Others in Certain Transactions" for more information.

**Financial Highlights**

Royalties paid over recent months from the revenue stream contemplated in the "Duran Duran's Ordinary World" Royalty Share Agreement are set forth in the tables below.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **2024** | **2024** | **2025** | **2025** |
|  | **Q3** | **Q4** | **Q1** | **Q2** |
| **Ordinary World** | $1599.13 | $211.94 | $197.14 | $1806.28 |

---

*This table represents the percentage of historical royalties proportional to the percentage of the Music Royalty Asset available for sale under this offering.*

***Administrative Fee for the "Duran Duran's Ordinary World" Royalty Share Agreement***

The Administrative Fee (i.e., the amount to be paid to our company as a percentage of the value of the royalty payments collected by our company to be distributed to holders of **"**Ordinary World - David Richards**"** Royalty Share Units) is 5.00%.

**<u>The "Duran Duran's Come Undone" Music Royalty Asset\*</u>**

The "Duran Duran's Come Undone" Music Royalty Asset is the underlying asset of the "Duran Duran's Come Undone" Royalty Share Agreement (the "Agreement"). The Agreement contains to up to 75% of David Richard's share of royalties related to this song, who was a producer of the song recording.

**About David Richards**

David Richards (1956–2013) was a British-Swiss record producer, engineer, and musician renowned for his work with iconic artists like Queen, David Bowie, and Duran Duran. Richards spent much of his career at the legendary Mountain Studios in Montreux, Switzerland, where he became a close collaborator with Queen, particularly in the later stages of their career. He co-produced their albums *A Kind of Magic* (1986), *The Miracle* (1989), *Innuendo* (1991), and *Made in Heaven* (1995), contributing to some of their most memorable late-era hits.

Richards also worked extensively with David Bowie, co-producing albums including *Never Let Me Down* (1987) and *Outside* (1995), which highlighted his ability to adapt to Bowie's experimental vision. His influence extended to artists like Duran Duran, Chris Rea, and Iggy Pop, among others, where his production work emphasized blending cutting-edge technology with authentic soundscapes. Known for his technical precision, musical intuition, and creativity, Richards left a lasting impact on rock and pop music, shaping the sound of many seminal albums during the 1980s and 1990s.

**About "Come Undone" performed by Duran Duran**

"Come Undone" is a song by English rock band Duran Duran, released in March 1993 by Parlophone as the second single from their seventh studio album, *Duran Duran* (1993). With their commercial and critical success reestablished by the previous single "Ordinary World", "Come Undone" continued to showcase more of the band's entry into the adult contemporary radio format.

The single became the group's second consecutive US top-10 hit from the *Wedding Album*, peaking at number seven on the *Billboard* Hot 100 and becoming their last top-40 hit on that chart. It was also popular in the United Kingdom and other international markets, reaching number two in Canada, number eight in Italy, number nine in Ireland, and number 13 in the UK. As of October 2021, "Come Undone" is the eighth-most streamed Duran Duran song in the UK.

David Richards was a producer for "Come Undone".

**Royalty Share Agreement Terms**

The "Duran Duran's Come Undone" Royalty Share Agreement is between the seller and our company. Pursuant to the Agreement, our company will have the right to receive up to 75% of David Richard's producer royalties related to the "Come Undone" song recording as paid by Warner Music Group UK for the life of the copyrights. Revenues the company will be entitled to receive pursuant to this agreement include revenues earned in connection with the mechanicals/streaming of the copyrights. Sales shall be determined by reference to the royalty statements from the royalties paid by Warner Music Group UK to the seller quarterly, which shall be conclusive and binding upon the parties to the agreement, absent manifest error.

We note that the "seller" in this agreement is Alex Guiva, a member of our manager, and a related party of our company. *See* "Interest of Management and Others in Certain Transactions" for more information.

**Financial Highlights**

Royalties paid over recent months from the revenue stream contemplated in the "Duran Duran's Come Undone" Royalty Share Agreement are set forth in the tables below.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **2024** | **2024** | **2024** | **2024** | **2025** | **2025** | **2025** | **2025** |
|  | **Q3** | **Q3** | **Q4** | **Q4** | **Q1** | **Q1** | **Q2** | **Q2** |
| **Come Undone** |  | 148.82 |  | 131.56 |  | 184.38 |  | 140.15 |

---

***Administrative Fee for the "Duran Duran's Come Undone" Royalty Share Agreement***

The Administrative Fee (i.e., the amount to be paid to our company as a percentage of the value of the royalty payments collected by our company to be distributed to holders of "Come Undone- David Richards" Royalty Share Units) is 5.00%.

**<u>Chris Brown -</u> <u>"</u><u>Go Crazy</u><u>" Royalty Share Asset</u>**

The Chris Brown - "Go Crazy" Music Royalty Asset is the underlying asset of the Chris Brown - "Go Crazy" Royalty Share Agreement (the "Agreement"). The Agreement contains up to thirty three percent (33.33%) of writer's share paid by BMI earned by the "Go Crazy" song recording by the artist Chris Brown.

**About Chris Brown**

Chris Brown is an American singer, songwriter, and dancer known for his versatile blend of R&B, pop, and hip-hop, as well as his dynamic performance style. He rose to fame in the mid-2000s with his debut single "Run It!" and quickly became recognized for his smooth vocals and intricate choreography. Over his career, Brown has released numerous chart-topping songs including "Forever," "Look at Me Now," and "No Guidance," collaborating widely across genres. His extensive catalog and performance-driven artistry have made him a prominent and enduring figure in contemporary popular music.

**About Go Crazy**

"Go Crazy" by Chris Brown is an energetic R&B track released in 2020 that blends upbeat production with themes of romance, spontaneity, and emotional intensity. Carried by a catchy hook and smooth vocal delivery, the song captures the feeling of being swept up in attraction and excitement. Its lively, feel-good tone highlights Chris Brown's ability to balance danceable rhythms with melodic R&B sensibilities.

**Royalty Share Agreement Terms**

The Chris Brown - "Go Crazy" Royalty Share Agreement is between our company and the owner of the writer's share of "Go Crazy" by Chris Brown. The Agreement entitles the company up to thirty three percent (33%) of the writer's share paid by BMI earned by the "Go Crazy" song recording by the artist Chris Brown.

**Financial Highlights**

Royalties paid over recent quarters from the revenue stream contemplated in the Chris Brown - "Go Crazy" Royalty Share Agreement are set forth in the table below.

![](img_007.jpg)

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **3/31/22** | **6/30/22** | **9/30/22** | **12/31/22** | **3/31/23** | **6/30/23** |
| **Go Crazy\*** | $7150 | $6848 | $4358 | $68075 | $4094 | $4287 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **9/30/23** | **12/31/23** | **3/31/24** | **6/30/24** | **9/30/24** | **12/31/24** | **Last Twelve<br> Months (LTM)** |
| **Go Crazy\*** | $3868 | $2837 | $2653 | $2495 | $2940 | $2693 | $10781 |

---

*\** *These numbers represent 33% of earnings of the "Go Crazy" recording for the periods shown to align with the terms of the music royalty asset being offered.*

**Administrative fee for Chris Brown - "Go Crazy"**

The Administrative Fee (i.e., the amount to be paid to our company as a percentage of the value of the royalty payments collected by our company to be distributed to holders of Chris Brown - "Go Crazy" Royalty Share Units) is 5.00%.

**Investor Perk**

Purchasers of Chris Brown - "Go Crazy" Royalty Share Units are entitled to receive a "Certificate of Authenticity" at no additional cost. See "Plan of Distribution – Investor Perks" for more details.

**<u>Jeremih -</u> <u>"</u><u>Birthday Sex</u><u>" Royalty Share Asset</u>**

The Jeremih - "Birthday Sex" Music Royalty Asset is the underlying asset of the Jeremih - "Birthday Sex" Royalty Share Agreement (the "Agreement"). The Agreement contains up to thirty percent (30%) of the Publisher's share paid by Royalty Exchange earned by the "Birthday Sex" song recording by the artist Jerimih.

**About Jerimih**

Jeremih is a Grammy-nominated R&B singer, songwriter, and producer from Chicago whose sleek, melodic style helped shape modern R&B in the late 2000s and 2010s. He broke through with his self-titled debut album in 2009, led by the multi-platinum hit "Birthday Sex," which established him as a major commercial force. Known for blending sensual vocals with minimalist, forward-leaning production, Jeremih has delivered a string of successful singles including "Down On Me," "Don't Tell 'Em," and "Oui," while also becoming a sought-after collaborator for artists such as Drake, Chance the Rapper, Lil Wayne, and Big Sean. With a catalog that continues to generate strong streaming and performance activity, Jeremih remains a durable and influential presence in contemporary R&B.

**About "Birthday Sex**"

"Birthday Sex" by Jeremih is a defining modern R&B slow jam that blends smooth production with an instantly recognizable hook. Released in 2009, the track became a breakout hit, reaching the top five on the Billboard Hot 100 and establishing Jeremih as a major voice in contemporary R&B. Its longevity across streaming, radio, and cultural playlists has made it a staple catalog record with enduring listener appeal.

**Royalty Share Agreement Terms**

The Jeremih - "Birthday Sex" Royalty Share Agreement is between our company and the owner of the Publisher's share of "Birthday Sex" by Jerimih. The Agreement entitles the company up to thirty percent (30%) of the Publisher's share paid by Royalty Exchange earned by the "Birthday Sex" song recording by the artist Jerimih.

**Financial Highlights**

Royalties paid over recent quarters from the revenue stream contemplated in the Jeremih - "Birthday Sex" Royalty Share Agreement are set forth in the table below.

![](img_008.jpg)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **12/31/23** | **3/31/24** | **6/30/24** | **9/30/24** | **12/31/24** | **3/31/25** | **6/30/25** | **9/30/25** | **LTM** |
| **Birthday Sex\*** | $**3213** | $**2566** | $**3664** | $**3109** | $**4538** | $**2534** | $**2607** | $**3694** | $**13373** |

---

*\** *These numbers represent 30% of total earnings of the "Birthday Sex" song recording for the periods shown to align with underlying terms of the Music Royalty Asset being offered.*

**Administrative fee for Jeremih - "Birthday Sex"**

The Administrative Fee (i.e., the amount to be paid to our company as a percentage of the value of the royalty payments collected by our company to be distributed to holders of Jeremih - "Birthday Sex" Royalty Share Units) is 5.00%.

**Investor Perk**

Purchasers of Jeremih - "Birthday Sex" Royalty Share Units are entitled to receive a "Certificate of Authenticity" at no additional cost. See "Plan of Distribution – Investor Perks" for more details.

**<u>Sean Paul (feat. Dua Lipa) -</u> <u>"</u><u>No Lie</u><u>" Royalty Share Asset</u>**

The Sean Paul (feat. Dua Lipa) - "No Lie" Music Royalty Asset is the underlying asset of the Sean Paul (feat. Dua Lipa) - "No Lie" Royalty Share Agreement (the "Agreement"). The Agreement contains up to thirty percent (30%) of the Writer's share paid by Royalty Exchange earned by the "No Lie" song recording by the artist Sean Paul feat Dua Lipa.

**About Sean Paul**

Sean Paul is a Grammy Award–winning Jamaican artist and one of the most influential figures in modern dancehall music. Rising to international prominence in the early 2000s, he helped bring dancehall to a global audience with hits such as *"Gimme the Light," "Get Busy,"* and *"Temperature."* Known for his distinctive flow, patois-inflected delivery, and genre-blending sound, Sean Paul has collaborated with a wide range of artists across pop, hip-hop, and electronic music. His career longevity, chart success, and crossover appeal have solidified his status as a key ambassador of Jamaican music worldwide.

**About Dua Lipa**

Dua Lipa is a Grammy Award–winning British singer and songwriter known for her distinctive voice, confident pop sensibility, and genre-blending sound. Emerging in the mid-2010s, she achieved global success with hit singles such as *"Be the One," "New Rules,"* and *"Don't Start Now,"* establishing herself as a leading figure in modern pop music. Her work draws from pop, disco, dance, and R&B influences, paired with a strong visual identity and cultural impact. With multiple chart-topping releases and international acclaim, Dua Lipa has become one of the defining pop artists of her generation.

**About "No Lie"**

**"**No Lie**"** by Sean Paul is a high-energy dancehall-pop track released in 2016 featuring Dua Lipa. Built around a minimalist beat and infectious rhythm, the song blends Sean Paul's signature dancehall flow with Dua Lipa's smooth, confident vocals, creating a flirty call-and-response dynamic. The track became a global hit, charting strongly across Europe and beyond, and helped reintroduce Sean Paul to a new generation of listeners while cementing Dua Lipa's rise as a pop powerhouse.

**Royalty Share Agreement Terms**

The Sean Paul (feat. Dua Lipa) - "No Lie" Royalty Share Agreement is between our company and the owner of the Writer's share of "No Lie" by Sean Paul feat Dua Lipa. The Agreement entitles the company up to thirty percent (30%) of the Writer's share paid by Royalty Exchange earned by the "No Lie" song recording by the artist Sean Paul feat Dua Lipa.

**Financial Highlights**

Royalties paid over recent quarters from the revenue stream contemplated in the Sean Paul (feat. Dua Lipa) - "No Lie" Royalty Share Agreement are set forth in the table below.

![](img_009.jpg)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **2022-09-30** | **2022-12-31** | **2023-03-31** | **2023-06-30** | **2023-09-30** | **2023-12-31** | **2024-03-31** |
| $**2932** | $2867 | $2981 | $2890 | $2805 | $3780 | $3202 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **2024-06-30** | **2024-09-30** | **2024-12-31** | **2025-03-31** | **2025-06-30** | **LTM** |
| $**2659** | $2623 | $2452 | $1935 | $3117 | $10127 |

---

*The numbers above represent 30% of earnings for the periods shown to align with terms of the underling music royalty asset being offered..*

**Administrative fee for "No Lie"**

The Administrative Fee (i.e., the amount to be paid to our company as a percentage of the value of the royalty payments collected by our company to be distributed to holders of Sean Paul (feat. Dua Lipa) - "No Lie" Royalty Share Units) is 5.00%.

**Investor Perk**

Purchasers of Sean Paul (feat. Dua Lipa) - "No Lie" Royalty Share Units are entitled to receive a "Certificate of Authenticity" at no additional cost. See "Plan of Distribution – Investor Perks" for more details.

**<u>Jason Derulo (feat. French Montana) -</u> <u>"</u><u>Tip Toe</u><u>" Royalty Share Asset</u>**

The Jason Derulo (feat. French Montana) - "Tip Toe" Music Royalty Asset is the underlying asset of the Jason Derulo (feat. French Montana) - "Tip Toe" Royalty Share Agreement (the "Agreement"). The Agreement contains up to thirty percent (30%) of writer's share paid by Royalty Exchange earned by the "Tip Toe" song recording by the artist Jason Derulo feat French Montana.

**About Jason Derulo**

Jason Derulo is an American singer, songwriter, and performer known for his genre-blending pop sound and high-energy dance style. Rising to fame in the late 2000s, he scored a string of global hits including *"Whatcha Say," "Talk Dirty," "Wiggle,"* and *"Savage Love,"* combining pop, R&B, hip-hop, and dance influences. Renowned for his dynamic stage presence and crossover appeal, Derulo has achieved billions of streams worldwide and collaborated with a wide range of international artists. His ability to adapt to evolving pop trends has made him a consistent force in global popular music.

**About French Montana**

French Montana is a Moroccan-American rapper and songwriter known for his melodic flow and collaborations across hip-hop and pop. Emerging from New York's mixtape scene in the early 2010s, he broke into the mainstream with hits such as *"Unforgettable," "Pop That,"* and *"No Stylist."* His music blends hip-hop with global influences, often incorporating Afrobeat, Caribbean, and melodic elements. With multiple charting releases and high-profile collaborations, French Montana has established himself as a prominent and versatile presence in contemporary hip-hop.

**About Tip Toe**

**"**Tip Toe" by Jason Derulo featuring French Montana is an upbeat pop track released in 2017 that blends tropical, dancehall-influenced rhythms with slick hip-hop elements. Built around a catchy flute melody and playful lyrics, the song showcases Derulo's smooth vocal delivery alongside French Montana's laid-back verse. Designed for the dance floor, "Tip Toe" gained attention for its infectious groove and vibrant visuals, reinforcing Jason Derulo's reputation for creating globally accessible, rhythm-driven pop hits.

**Royalty Share Agreement Terms**

The Jason Derulo (feat. French Montana) - "Tip Toe" Royalty Share Agreement is between our company and the owner of the writer's share of "Tip Toe" by Jason Derulo feat French Montana. The Agreement entitles the company up to thirty percent (30%) of the writer's share paid by Royalty Exchange earned by the "Tip Toe" song recording by the artist Jason Derulo feat French Montana.

**Financial Highlights**

![](img_010.jpg)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **2022-09-30** | **2022-12-31** | **2023-03-31** | **2023-06-30** | **2023-09-30** | **2023-12-31** | **2024-03-31** |
| $**461** | $401 | $365 | $570 | $260 | $450 | $420 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **2024-06-30** | **2024-09-30** | **2024-12-31** | **2025-03-31** | **2025-06-30** | **Total** | **LTM** |
| $**426** | $443 | $369 | $450 | $393 | $5010 | $1655 |

---

*The numbers in the table above represent 30% of earnings for the periods shown to align with the terms of the underlying music royalty asset being offered.*

**Administrative fee for "Tip Toe"**

The Administrative Fee (i.e., the amount to be paid to our company as a percentage of the value of the royalty payments collected by our company to be distributed to holders of Jason Derulo (feat. French Montana) - "Tip Toe" Royalty Share Units) is 5.00%.

**Investor Perk**

Purchasers of Jason Derulo (feat. French Montana) - "Tip Toe" Royalty Share Units are entitled to receive a "Certificate of Authenticity" at no additional cost. See "Plan of Distribution – Investor Perks" for more details.

**<u>Chris Brown & Pitbull - Vol.1</u> <u>Royalty Share Asset</u>**

The Chris Brown & Pitbull - Vol.1 Music Royalty Asset is the underlying asset of the Chris Brown & Pitbull - Vol.1 Royalty Share Agreement (the "Agreement"). The Agreement contains up to thirty percent (30%) of writer's share paid by Royalty Exchange earned by the following song recordings by the artist Pitbull and more.

**<u>Song Offerings</u>**

<u>Title & Song ID</u>

&nbsp;&nbsp;&nbsp;&nbsp;1. 1X1 24348968

&nbsp;&nbsp;&nbsp;&nbsp;2. BONGO 28404046

&nbsp;&nbsp;&nbsp;&nbsp;3. CIRCLES 17312164

&nbsp;&nbsp;&nbsp;&nbsp;4. GHOST 17312167

&nbsp;&nbsp;&nbsp;&nbsp;5. HEY MA (ENGLISH SINGLE VERSION) 23993183

&nbsp;&nbsp;&nbsp;&nbsp;6. HEY MA (SPANISH VERSION) 23993184

&nbsp;&nbsp;&nbsp;&nbsp;7. JACKIE CHAN 28140724

&nbsp;&nbsp;&nbsp;&nbsp;8. JE NE VEUX PLUS 26005693

&nbsp;&nbsp;&nbsp;&nbsp;9. MY LOVE 25288013

&nbsp;&nbsp;&nbsp;&nbsp;10. POR FAVOR 25858556

&nbsp;&nbsp;&nbsp;&nbsp;11. POR FAVOR (SPANGLISH VERSION) 25858557

&nbsp;&nbsp;&nbsp;&nbsp;12. QUESTIONS 25359089

&nbsp;&nbsp;&nbsp;&nbsp;13. THINKING ABOUT YOU 26217046

&nbsp;&nbsp;&nbsp;&nbsp;14. WILDERNESS 25634342

**About Pitbull**

Pitbull is a Grammy Award–winning American artist, entrepreneur, and global pop icon known for his high-energy blend of hip-hop, pop, and Latin influences. Rising to prominence in the mid-2000s, he scored international hits such as *"I Know You Want Me (Calle Ocho)," "Give Me Everything,"* and *"Timber,"* becoming a staple of club and radio playlists worldwide. Recognized for his charismatic delivery and motivational persona, Pitbull has collaborated with artists across genres and cultures. Beyond music, he is also known for his business ventures and philanthropic work, solidifying his status as a crossover entertainer with worldwide appeal.

**Royalty Share Agreement Terms**

The Chris Brown & Pitbull - Vol.1 Royalty Share Agreement is between our company and the owner of the writer's share of the song recordings listed above by Pitbull, Chris Brown, and more. The Agreement entitles the company up to thirty percent (30%) of the writer's share paid by Royalty Exchange earned by the song recordings listed above by the artist Pitbull, Chris Brown, and more.

**Financial Highlights**

Royalties paid over recent quarters from the revenue stream contemplated in the "Chris Brown & Pitbull - Vol.1 Royalty Share Agreement are set forth in the table below.

![](img_011.jpg)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **2022-09-30** | **2022-12-31** | **2023-03-31** | **2023-06-30** | **2023-09-30** | **2023-12-31** | **2024-03-31** |
| **HEY MA (SPANISH VERSION)** | 770.62 | 769.02 | 1242.99 | 1168.35 | 570.26 | 619.95 | 634.71 |
| **HEY MA (ENGLISH SINGLE VERSION)** | 245.35 | 487.95 | 363.14 | 250.74 | 263.74 | 392.04 | 324.84 |
| **GHOST** | 590.66 | 178.74 | 90.41 | 98.58 | 808.59 | 69.26 | 57.82 |
| **QUESTIONS** | 142.22 | 405.28 | 151.25 | 299.48 | 374.05 | 143.13 | 139.37 |
| **POR FAVOR** | 89.79 | 83.00 | 61.07 | 93.57 | 44.35 | 85.00 | 60.22 |
| **UNALLOCATED** | 58.36 | 433.30 | 151.46 | 307.92 | 64.42 |  |  |
| **MY LOVE** | 0.44 | 2.61 | 58.27 | 0.25 | 3.58 | 46.78 | 270.76 |
| **POR FAVOR (SPANGLISH VERSION)** | 40.15 | 33.48 | 35.01 | 92.17 | 82.99 | 71.83 | 70.97 |
| **JACKIE CHAN** | 59.20 | 46.43 | 37.82 | 76.02 | 51.75 | 61.41 | 39.12 |
| **1X1** | 32.78 | 22.59 | 19.79 | 45.09 | 19.45 | 26.27 | 24.68 |
| **BONGO** | 1.89 | 1.25 | 2.15 | 49.65 | 1.60 | 68.56 | 20.56 |
| **THINKING ABOUT YOU** | 4.22 | 2.92 | 9.68 | 6.98 | 2.10 | 2.44 | 1.54 |
| **WILDERNESS** | 0.27 | 7.11 | 0.34 | 0.52 | 0.43 | 0.49 | 0.47 |
| **BASIC** | 1.23 | 0.68 | 1.25 | 1.87 | 0.84 |  |  |
| **HEY MA** | 0.05 | 0.84 | 1.02 |  | 0.75 |  |  |
| **CIRCLES** | 0.03 | 0.03 | 0.21 | 0.10 | 0.09 | 0.22 | 0.32 |
| **JE NE VEUX PLUS** | 1.39 |  |  |  |  |  |  |
| **Total** | 2038.65 | 2475.23 | 2225.86 | 2491.29 | 2288.99 | 1587.38 | 1645.38 |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **2024-06-30** | **2024-09-30** | **2024-12-31** | **2025-03-31** | **2025-06-30** | **Total** | **LTM** |
| **HEY MA (SPANISH VERSION)** | 650.37 | 673.33 | 600.18 | 736.47 | 716.49 | 9152.74 | 2726.47 |
| **HEY MA (ENGLISH SINGLE VERSION)** | 183.03 | 156.86 | 204.07 | 181.91 | 190.59 | 3244.26 | 733.43 |
| **GHOST** | 154.35 | 245.76 | 115.46 | 15.16 | 119.97 | 2544.76 | 496.35 |
| **QUESTIONS** | 130.20 | 174.87 | 225.06 | 188.87 | 106.06 | 2479.84 | 694.86 |
| **POR FAVOR** | 63.54 | 186.92 | 45.09 | 94.87 | 109.61 | 1017.03 | 436.49 |
| **UNALLOCATED** |  |  |  |  |  | 1015.46 |  |
| **MY LOVE** | 266.83 | 113.89 | 55.47 | 33.04 | 17.97 | 869.89 | 220.37 |
| **POR FAVOR (SPANGLISH VERSION)** | 45.33 | 41.76 | 22.27 | 19.16 | 27.95 | 583.07 | 111.14 |
| **JACKIE CHAN** | 20.97 | 35.78 | 32.79 | 27.72 | 25.23 | 514.24 | 121.52 |
| **1X1** | 16.64 | 19.54 | 19.11 | 24.13 | 20.83 | 290.90 | 83.61 |
| **BONGO** | 13.70 | 6.81 | 4.36 | 3.84 | 2.45 | 176.82 | 17.46 |
| **THINKING ABOUT YOU** | 4.68 | 0.99 | 3.40 | 6.72 | 1.65 | 47.32 | 12.76 |
| **WILDERNESS** | 0.59 | 0.63 | 0.63 | 1.74 | 0.66 | 13.88 | 3.66 |
| **BASIC** |  |  |  |  |  | 5.87 |  |
| **HEY MA** |  |  |  |  |  | 2.66 |  |
| **CIRCLES** | 0.32 | 0.22 | 0.43 | 0.04 | 0.05 | 2.06 | 0.74 |
| **JE NE VEUX PLUS** |  |  |  |  | 0.02 | 1.41 | 0.02 |
| **Total** | 1550.55 | 1657.36 | 1328.32 | 1333.67 | 1339.53 | 21962.21 | 5658.88 |

---

*These numbers represent 30% of the total earnings of these song compositions to align with the terms of the offered music royalty asset.*

**Administrative fee for Chris Brown & Pitbull - Vol.1**

The Administrative Fee (i.e., the amount to be paid to our company as a percentage of the value of the royalty payments collected by our company to be distributed to holders of Chris Brown & Pitbull - Vol.1 Royalty Share Units) is 5.00%.

**Investor Perk**

Purchasers of Chris Brown & Pitbull - Vol.1 Royalty Share Units are entitled to receive a "Certificate of Authenticity" at no additional cost. See "Plan of Distribution – Investor Perks" for more details.

**<u>Bebe Rexha, Drake & Nelly Furtado - Vol. 1</u> <u>Royalty Share Asset</u>**

The song recordings "I'm Gonna Show You (Crazy)", "Weston Road Flows", "Overdrive", and "Manos Al Aire" Music Royalty Assets are the underlying assets of the Bebe Rexha, Drake & Nelly Furtado - Vol. 1 Royalty Share Agreement (the "Agreement"). The Agreement contains up to seventy five percent (75%) of writer's share paid by SOCAN earned by the "I'm Gonna Show You (Crazy)", "Weston Road Flows", "Overdrive", and "Manos Al Aire" song recordings by the artists Bebe Rexha, Drake, & Nelly Furtado.

**About Bebe Rexha**

Bebe Rexha is an American singer, songwriter, and multi-platinum recording artist known for her powerful voice and emotionally direct pop sound. She first gained recognition as a songwriter, contributing to major hits before launching a successful solo career with songs such as *"Meant to Be," "I'm a Mess,"* and *"I'm Good (Blue)."* Blending pop, dance, and R&B influences, Rexha has built a reputation for versatile, radio-driven hits and candid storytelling. Her chart success, songwriting credentials, and distinctive vocal style have established her as a prominent figure in contemporary pop music.

**About Drake**

Drake is a Grammy Award–winning Canadian artist, songwriter, and producer who has become one of the most influential figures in modern music. Rising from his early work as an actor to global stardom in the late 2000s, he helped redefine hip-hop by blending rap with melodic R&B and introspective lyricism. With chart-dominating hits such as *"God's Plan," "Hotline Bling,"* and *"One Dance,"* Drake has consistently set streaming and chart records worldwide. His ability to shape contemporary sound and culture has cemented his status as a defining artist of his generation.

**About Nelly Furtado**

Nelly Furtado is a Canadian singer and songwriter known for her genre-blending sound and distinctive voice. She rose to international fame in the early 2000s with hits such as *"I'm Like a Bird," "Turn Off the Light,"* and *"Promiscuous,"* seamlessly combining pop, R&B, and world music influences. Throughout her career, Furtado has earned multiple awards and chart successes while evolving her style across eras. Her versatility and global appeal have made her a lasting presence in popular music.

**About I'm Gonna Show You Crazy**

"I'm Gonna Show You Crazy" by Bebe Rexha is an emotionally charged pop track released in 2015 that highlights her raw vocal power and candid songwriting. The song explores themes of vulnerability, mental health, and the pressure of expectations, pairing introspective lyrics with a dramatic, piano-driven build. As one of Rexha's early breakout releases, it helped establish her reputation for honest storytelling and fearless emotional expression.

**About Weston Road Flows**

"Weston Road Flows" by Drake is a reflective track from his 2016 album *Views* that finds the artist revisiting his rise to fame and the pressures that came with it. Over a moody, minimalist beat, Drake delivers introspective lyrics about success, loyalty, and the loss of simplicity as his life changed. The song stands out for its stripped-back production and candid tone, offering a personal glimpse into Drake's mindset during a pivotal moment in his career.

**About Overdrive**

"Overdrive" by Drake is a moody, introspective track from his 2013 album *Nothing Was the Same* that captures the emotional tension between ambition and personal relationships. Set against atmospheric production, the song explores themes of longing, missed connections, and the cost of relentless forward momentum. "Overdrive" stands out as a vulnerable moment on the album, highlighting Drake's ability to blend introspection with a polished, late-night R&B–infused sound.

**About Manos al Aire**

"Manos al Aire" by Nelly Furtado is a heartfelt Latin pop ballad released in 2009 that showcases her versatility and emotional depth. Sung primarily in Spanish, the song explores themes of love, vulnerability, and surrender, with Furtado expressing a willingness to let her guard down in a relationship. Its warm melody and sincere delivery helped the track resonate strongly with Latin audiences and marked a successful crossover moment in her career.

**Royalty Share Agreement Terms**

The Bebe Rexha, Drake & Nelly Furtado - Vol. 1 Royalty Share Agreement is between our company and the owner of the writer's share of the "I'm Gonna Show You (Crazy)", "Weston Road Flows", "Overdrive", and "Manos Al Aire" song recordings by the artists Bebe Rexha, Drake, & Nelly Furtado. The Agreement entitles the company up to seventy five percent (75%) of the writer's share paid by SOCAN earned by the "I'm Gonna Show You (Crazy)", "Weston Road Flows", "Overdrive", and "Manos Al Aire" song recordings by the artists Bebe Rexha, Drake, & Nelly Furtado.

**Financial Highlights**

Royalties paid over recent quarters from the revenue streams contemplated in the Bebe Rexha, Drake & Nelly Furtado - Vol. 1 Royalty Share Agreement are set forth in the table below.

![](img_012.jpg)

![](img_013.jpg)

![](img_014.jpg)

![](img_015.jpg)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **2023-06-30** | **2023-09-30** | **2023-12-31** | **2024-03-31** | **2024-06-30** | **2024-09-30** | **2024-12-31** | **2025-03-31** | **LTM** |
| **I'M GONNA SHOW YOU (CRAZY)\*** | $50 | $731 | $1574 | $998 | $605 | $576 | $356 | $435 | $1972 |
| **WESTON ROAD FLOWS\*** | $1 | $39 | $42 | $38 | $34 | $64 | $66 | $34 | $197 |

---

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **2022-09-30** | **2022-12-31** | **2023-03-31** | **2023-06-30** | **2023-09-30** | **2023-12-31** | **2024-03-31** | **2024-06-30** | **2024-09-30** | **2024-12-31** | **2025-03-31** | **LTM** |
| **MANOS AL AIRE\*** | $2 | $194 | $305 | $377 | $192 | $285 | $283 | $327 | $412 | $271 | $193 | $1204 |
| **OVERDRIVE\*** | $164 | $169 | $76 | $89 | $112 | $140 | $101 | $92 | $104 | $126 | $197 | $519 |

---

*\** *The numbers in the table represent 75% of earnings for periods shown to align with terms of the music royalty asset being offered.*

**Administrative fee for Bebe Rexha, Drake & Nelly Furtado - Vol. 1**

The Administrative Fee (i.e., the amount to be paid to our company as a percentage of the value of the royalty payments collected by our company to be distributed to holders of Bebe Rexha, Drake & Nelly Furtado - Vol. 1 Royalty Share Units) is 5.00%.

**Investor Perk**

Purchasers of Bebe Rexha, Drake & Nelly Furtado - Vol. 1 Royalty Share Units are entitled to receive a "Certificate of Authenticity" at no additional cost. See "Plan of Distribution – Investor Perks" for more details.

**<u>The Struts -</u> <u>"Body Talks"</u> <u>Royalty Share Asset</u>**

The Struts - "Body Talks" Music Royalty Asset is the underlying asset of The Struts - "Body Talks" Royalty Share Agreement (the "Agreement"). The Agreement contains up to seventy five percent (75%) of the writer's share paid by SOCAN earned by the "Body Talks" song recording by the artist The Struts.

**About The Struts**

The Struts are a British rock band known for their glam-inspired sound, theatrical performances, and infectious anthems. Formed in Derby, England, the group rose to prominence with high-energy tracks such as *"Could Have Been Me," "Kiss This,"* and *"Body Talks,"* drawing comparisons to classic arena-rock acts while maintaining a modern edge. Led by frontman Luke Spiller's charismatic stage presence, The Struts have built an international following through relentless touring and bold, celebratory songwriting. Their blend of retro rock flair and contemporary attitude has made them a standout force in modern rock music.

**About Body Talks**

"Body Talks" by The Struts is a bold, high-energy rock anthem that captures the band's signature blend of glam-rock swagger and modern pop sensibility. Driven by infectious guitar riffs and a danceable groove, the song celebrates confidence, attraction, and unapologetic self-expression. Released in 2018, "Body Talks" became one of the band's most recognizable tracks, highlighting The Struts' flair for arena-ready hooks and theatrical, feel-good rock energy.

**Royalty Share Agreement Terms**

The Struts - "Body Talks" Royalty Share Agreement is between our company and the owner of the writer's share of "Body Talks" by The Struts. The Agreement entitles the company up to seventy five percent (75%) of the producer's share paid by SOCAN earned by the "Body Talks" song recording by the artist The Struts.

**Financial Highlights**

Royalties paid over recent quarters from the revenue stream contemplated in The Struts <u>-</u> "Body Talks" Royalty Share Agreement are set forth in the table below.

![](img_016.jpg)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **2023-06-30** | **2023-09-30** | **2023-12-31** | **2024-03-31** | **2024-06-30** | **2024-09-30** | **2024-12-31** | **2025-03-31** | **LTM** |
| **BODY TALKS\*** | $16 | $464 | $714 | $324 | $292 | $70 | $75 | $389 | $825 |

---

*Numbers in this table represent 75% of earnings for the periods shown to align with offering.*

**Administrative fee for The Struts - "Body Talks"**

The Administrative Fee (i.e., the amount to be paid to our company as a percentage of the value of the royalty payments collected by our company to be distributed to holders of The Struts - "Body Talks" Royalty Share Units) is 5.00%.

**Investor Perk**

Purchasers of The Struts - "Body Talks" Royalty Share Units are entitled to receive a "Certificate of Authenticity" at no additional cost. See "Plan of Distribution – Investor Perks" for more details.

**<u>Dua Lipa - "Blow Your Mind"</u> <u>Royalty Share Asset</u>**

The Dua Lipa - "Blow Your Mind" Music Royalty Asset is the underlying asset of the Dua Lipa - "Blow Your Mind" Royalty Share Agreement (the "Agreement"). The Agreement contains up to fifty percent (50%) of writer's share paid by SOCAN earned by the "Blow Your Mind" song recording by the artist Dua Lipa.

**About Dua Lipa**

Dua Lipa is a Grammy Award–winning British singer and songwriter known for her distinctive voice, confident pop sensibility, and genre-blending sound. Emerging in the mid-2010s, she achieved global success with hit singles such as *"Be the One," "New Rules,"* and *"Don't Start Now,"* establishing herself as a leading figure in modern pop music. Her work draws from pop, disco, dance, and R&B influences, paired with a strong visual identity and cultural impact. With multiple chart-topping releases and international acclaim, Dua Lipa has become one of the defining pop artists of her generation.

**About "Blow Your Mind**"

"Blow Your Mind (Mwah)" by Dua Lipa is a confident, upbeat pop track released in 2016 that showcases her bold attitude and early breakout sound. Built around a catchy hook and playful lyrics, the song emphasizes self-assurance and independence while blending sleek pop production with a touch of retro flair. As one of her early international hits, "Blow Your Mind (Mwah)" helped establish Dua Lipa as a rising pop star with a strong sense of identity and global appeal.

**Royalty Share Agreement Terms**

The Dua Lipa - "Blow Your Mind" Royalty Share Agreement is between our company and the owner of the share of "Blow Your Mind" by Dua Lipa. The Agreement entitles the company up to fifty percent (50%) of the writer's share paid by SOCAN earned by the "Blow Your Mind" song recording by the artist Dua Lipa.

**Financial Highlights**

Royalties paid over recent quarters from the revenue streams contemplated in the Dua Lipa - "Blow Your Mind" Royalty Share Agreement are set forth in the table below.

![](img_017.jpg)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **2023-06-30** | **2023-09-30** | **2023-12-31** | **2024-03-31** | **2024-06-30** | **2024-09-30** | **2024-12-31** | **2025-03-31** | **LTM** |
| **BLOW YOUR MIND (MWAH)\*** | $5 | $1605 | $1651 | $1719 | $1691 | $1191 | $680 | $1185 | $4747 |

---

*\** *Numbers in this table represents 50% of earnings for the periods shown to align with offering.*

**Administrative fee for Dua Lipa - "Blow Your Mind"**

The Administrative Fee (i.e., the amount to be paid to our company as a percentage of the value of the royalty payments collected by our company to be distributed to holders of Dua Lipa - "Blow Your Mind" Royalty Share Units) is 5.00%.

**Investor Perk**

Purchasers of Dua Lipa - "Blow Your Mind" Royalty Share Units are entitled to receive a "Certificate of Authenticity" at no additional cost. See "Plan of Distribution – Investor Perks" for more details.

**<u>Kat Dahlia - "I Think I'm In Love"</u> <u>Royalty Share Asset</u>**

The Kat Dahlia - "I Think I'm In Love" Music Royalty Asset is the underlying asset of the Kat Dahlia - "I Think I'm In Love" Royalty Share Agreement (the "Agreement"). The Agreement contains up to fifty percent (50%) of writer's share paid by SOCAN earned by the "I Think I'm In Love" song recording by the artist Kat Dahlia.

**About Kat Dahlia**

Kat Dahlia is a Cuban American singer and songwriter known for her soulful voice, sharp lyricism, and emotionally raw storytelling. She gained widespread attention with her breakout single *"Gangsta,"* which highlighted her blend of R&B, pop, and alternative influences. Drawing from personal experiences and introspective themes, Dahlia's music often explores identity, resilience, and vulnerability. Her distinctive sound and uncompromising authenticity have established her as a compelling voice in contemporary alternative R&B and pop.

**About "I Think I'm In Love"**

"I Think I'm in Love" by Kat Dahlia is an emotionally driven pop track that captures the vulnerability and uncertainty that come with falling for someone unexpectedly. Carried by atmospheric production and Dahlia's distinctive, soulful vocals, the song explores the tension between fear and desire as she navigates new feelings. Its intimate tone and honest lyricism highlight Kat Dahlia's strength as a storyteller and her ability to convey raw emotion through modern pop.

**Royalty Share Agreement Terms**

The Kat Dahlia - "I Think I'm In Love" Royalty Share Agreement is between our company and the owner of the writer's share of "I Think I'm In Love" by Kat Dahlia. The Agreement entitles the company up to fifty percent (50%) of the writer's share paid by SOCAN earned by the "I Think I'm In Love" song recording by the artist Kat Dahlia.

**Financial Highlights**

Royalties paid over recent quarters from the revenue streams contemplated in the Kat Dahlia - "I Think I'm In Love" Royalty Share Agreement are set forth in the table below.

![](img_018.jpg)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **2023-06-30** | **2023-09-30** | **2023-12-31** | **2024-03-31** | **2024-06-30** | **2024-09-30** | **2024-12-31** | **2025-03-31** | **LTM** |
| **I THINK I'M IN LOVE\*** | $22 | $655 | $709 | $714 | $549 | $564 | $520 | $560 | $2194 |

---

*\** *Earnings shown in this table represents 50% of earnings for the periods shown to align with offering.*

**Administrative fee for Kat Dahlia - "I Think I'm In Love"**

The Administrative Fee (i.e., the amount to be paid to our company as a percentage of the value of the royalty payments collected by our company to be distributed to holders of Kat Dahlia - "I Think I'm In Love" Royalty Share Units) is 5.00%.

**Investor Perk**

Purchasers of Kat Dahlia - "I Think I'm In Love" Royalty Share Units are entitled to receive a "Certificate of Authenticity" at no additional cost. See "Plan of Distribution – Investor Perks" for more details.

**<u>One Direction "Nobody Compares & Last First Kiss"</u> <u>Royalty Share Asset</u>**

The One Direction "Nobody Compares & Last First Kiss" Music Royalty Asset is the underlying asset of the One Direction "Nobody Compares & Last First Kiss" Royalty Share Agreement (the "Agreement"). The Agreement contains up to fifty percent (50%) of producer's share paid by Sony Music earned by the "Nobody Compares" & "Last First Kiss" song recordings by the artist One Direction.

**About One Direction**

One Direction is a British-Irish pop group that became a global phenomenon in the early 2010s. Formed in 2010 on *The X Factor UK*, the group—Harry Styles, Niall Horan, Liam Payne, Louis Tomlinson, and Zayn Malik—quickly rose to international fame with chart-topping hits such as *"What Makes You Beautiful," "Story of My Life,"* and *"Drag Me Down."* Known for their catchy pop sound, massive fan base, and record-breaking success, One Direction became one of the best-selling boy bands of all time, leaving a lasting impact on modern pop culture.

**About Nobody Compares** 

"Nobody Compares" by One Direction is a heartfelt pop track from their 2012 album *Take Me Home* that focuses on admiration and emotional connection. The song highlights the group's melodic harmonies and earnest delivery, expressing the idea that a loved one stands apart from everyone else. With its upbeat yet sincere tone, "Nobody Compares" showcases One Direction's ability to balance catchy pop hooks with genuine, relatable sentiment.

**About Last First Kiss**

"Last First Kiss" by One Direction is a romantic pop ballad from their 2011 debut album *Up All Night* that captures the excitement and hope of a new relationship. The song reflects the desire for a love that feels lasting from the very beginning, pairing tender lyrics with smooth harmonies and a gentle, melodic build. Its earnest tone and youthful optimism highlight the band's early charm and emotional sincerity.

**Royalty Share Agreement Terms**

The One Direction "Nobody Compares & Last First Kiss" Royalty Share Agreement is between our company and the owner of the producer's share of "Nobody Compares" & "Last First Kiss" by One Direction. The Agreement entitles the company up to fifty percent (50%) of the producer's share paid by Sony Music earned by the "Nobody Compares" & "Last First Kiss" song recordings by the artist One Direction.

**Financial Highlights**

Royalties paid over recent quarters from the revenue streams contemplated in the One Direction "Nobody Compares & Last First Kiss" Royalty Share Agreement are set forth in the table below.

![](img_019.jpg)

![](img_020.jpg)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **2023-06-30** | **2023-09-30** | **2023-12-31** | **2024-03-31** | **2024-06-30** | **2024-09-30** | **2024-12-31** | **2025-03-31** | **2025-06-30** | **LTM** |
| **LAST FIRST KISS\*** | $108 | $107 | $96 | $96 | $85 | $90 | $207 | $109 | $109 | $515 |
| **NOBODY COMPARES\*** | $76 | $84 | $66 | $65 | $64 | $63 | $133 | $79 | $90 | $366 |

---

**\*** *Numbers in this table represent 50% of the earnings of these song recordings during the periods shown to align with the terms of the offering.*

**Administrative fee for One Direction - "Nobody Compares & Last First Kiss"**

The Administrative Fee (i.e., the amount to be paid to our company as a percentage of the value of the royalty payments collected by our company to be distributed to holders of One Direction - "Nobody Compares & Last First Kiss" Royalty Share Units) is 5.00%.

**Investor Perk**

Purchasers of One Direction - "Nobody Compares & Last First Kiss" Royalty Share Units are entitled to receive a "Certificate of Authenticity" at no additional cost. See "Plan of Distribution – Investor Perks" for more details.

**<u>One Direction - "Kiss You"</u> <u>Royalty Share Asset</u>**

The One Direction - "Kiss You" Music Royalty Asset is the underlying asset of the One Direction - "Kiss You" Royalty Share Agreement (the "Agreement"). The Agreement contains up to fifty percent (50%) of producer's share paid by Sony Music earned by the "Kiss You" song recording by the artist One Direction.

**About One Direction**

One Direction is a British-Irish pop group that became a global phenomenon in the early 2010s. Formed in 2010 on *The X Factor UK*, the group—Harry Styles, Niall Horan, Liam Payne, Louis Tomlinson, and Zayn Malik—quickly rose to international fame with chart-topping hits such as *"What Makes You Beautiful," "Story of My Life,"* and *"Drag Me Down."* Known for their catchy pop sound, massive fan base, and record-breaking success, One Direction became one of the best-selling boy bands of all time, leaving a lasting impact on modern pop culture.

**About Kiss You**

"Kiss You" by One Direction is a playful, high-energy pop song from their 2012 album *Take Me Home* that captures the excitement and fun of young romance. Featuring bright synths and an infectious chorus, the track highlights the group's chemistry and upbeat charm. Its carefree lyrics and dynamic production made "Kiss You" a fan favorite and a standout example of One Direction's early pop sound.

**Royalty Share Agreement Terms**

The One Direction - "Kiss You" Royalty Share Agreement is between our company and the owner of the producer's share of One Direction - "Kiss You" by One Direction. The Agreement entitles the company up to fifty percent (50%) of the producer's share paid by Sony Music earned by the "Kiss You" song recording by the artist One Direction.

**Financial Highlights**

Royalties paid over recent quarters from the revenue streams contemplated in the One Direction - "Kiss You" Royalty Share Agreement are set forth in the table below.

![](img_021.jpg)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **2023-06-30** | **2023-09-30** | **2023-12-31** | **2024-03-31** | **2024-06-30** | **2024-09-30** | **2024-12-31** | **2025-03-31** | **2025-06-30** | **LTM** |
| **KISS YOU\*** | $487 | $486 | $406 | $455 | $426 | $451 | $772 | $715 | $438 | $2376 |

---

*\** *These numbers represent 50% of the total earnings for periods shown to align with offering.*

**Administrative fee for One Direction - "Kiss You"**

The Administrative Fee (i.e., the amount to be paid to our company as a percentage of the value of the royalty payments collected by our company to be distributed to holders of One Direction - "Kiss You" Royalty Share Units) is 5.00%.

**Investor Perk**

Purchasers of One Direction - "Kiss You" Royalty Share Units are entitled to receive a "Certificate of Authenticity" at no additional cost. See "Plan of Distribution – Investor Perks" for more details.

**<u>One Direction - "Live While We're Young"</u> <u>Royalty Share Asset</u>**

The One Direction - "Live While We're Young" Music Royalty Asset is the underlying asset of the One Direction - "Live While We're Young" Royalty Share Agreement (the "Agreement"). The Agreement contains up to fifty percent (50%) of producer's share paid by Sony Music earned by the "Live While We're Young" song recording by the artist One Direction.

**About One Direction**

One Direction is a British-Irish pop group that became a global phenomenon in the early 2010s. Formed in 2010 on *The X Factor UK*, the group—Harry Styles, Niall Horan, Liam Payne, Louis Tomlinson, and Zayn Malik—quickly rose to international fame with chart-topping hits such as *"What Makes You Beautiful," "Story of My Life,"* and *"Drag Me Down."* Known for their catchy pop sound, massive fan base, and record-breaking success, One Direction became one of the best-selling boy bands of all time, leaving a lasting impact on modern pop culture.

**About Live While We're Young**

"Live While We're Young" by One Direction is an energetic pop anthem released in 2012 that celebrates youth, spontaneity, and living in the moment. Driven by upbeat production and catchy hooks, the song captures the carefree excitement of young love and shared adventure. As one of the band's signature hits, it showcases One Direction's playful charisma and helped cement their status as global pop stars during their peak era.

**Royalty Share Agreement Terms**

The One Direction - "Live While We're Young" Royalty Share Agreement is between our company and the owner of the producer's share of "Live While We're Young" by One Direction. The Agreement entitles the company up to fifty percent (50%) of the producer's share paid by Sony Music earned by the "Live While We're Young" song recording by the artist One Direction.

**Financial Highlights**

Royalties paid over recent quarters from the revenue streams contemplated in the "Live While We're Young" Royalty Share Agreement are set forth in the table below.

![](img_022.jpg)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **2023-06-30** | **2023-09-30** | **2023-12-31** | **2024-03-31** | **2024-06-30** | **2024-09-30** | **2024-12-31** | **2025-03-31** | **2025-06-30** | **LTM** |
| **LIVE WHILE WERE YOUNG\*** | $514 | $529 | $581 | $461 | $430 | $486 | $704 | $485 | $489 | $2165 |

---

*\** *Earnings in this table represent 50% of earnings for the periods shown to align with offering.*

**Administrative fee for One Direction - "Live While We're Young"** 

The Administrative Fee (i.e., the amount to be paid to our company as a percentage of the value of the royalty payments collected by our company to be distributed to holders of One Direction - "Live While We're Young" Royalty Share Units) is 5.00%.

**Investor Perk**

Purchasers of One Direction - "Live While We're Young" Royalty Share Units are entitled to receive a "Certificate of Authenticity" at no additional cost. See "Plan of Distribution – Investor Perks" for more details.

**<u>Rachel Platten - "Better Place"</u> <u>Royalty Share Asset</u>**

The Rachel Platten - "Better Place" Music Royalty Asset is the underlying asset of the Rachel Platten - "Better Place" Royalty Share Agreement (the "Agreement"). The Agreement contains up to seventy five percent (75%) of producer's share paid by Sony Music earned by the "Better Place" song recording by the artist Rachel Platten.

**About Rachel Platten**

Rachel Platten is an American singer and songwriter known for her empowering pop anthems and emotionally resonant songwriting. She rose to international prominence with her 2015 hit *"Fight Song,"* which became a global anthem of resilience and self-belief. Blending pop sensibilities with heartfelt lyrics, Platten has continued to build a career centered on themes of perseverance, confidence, and personal growth. Her ability to connect with listeners through uplifting, relatable music has made her a recognizable voice in contemporary pop.

**About Better Place**

"Better Place" by Rachel Platten is an uplifting pop love song that celebrates the joy and reassurance of finding someone who brings light and stability into your life. Released in 2016, the track pairs heartfelt lyrics with bright, melodic production, highlighting Platten's warm vocals and optimistic tone. The song reflects themes of gratitude, connection, and emotional grounding, reinforcing her reputation for creating feel-good, emotionally resonant pop music.

**Royalty Share Agreement Terms**

The Rachel Platten - "Better Place" Royalty Share Agreement is between our company and the owner of the producer's share of "Better Place" by Rachel Platten. The Agreement entitles the company up to seventy five percent (75%) of the producer's share paid by Sony Music earned by the "Better Place" song recording by the artist Rachel Platten.

**Financial Highlights**

Royalties paid over recent quarters from the revenue streams contemplated in the Rachel Platten - "Better Place" Royalty Share Agreement are set forth in the table below.

![](img_023.jpg)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **2022-12-31** | **2023-06-30** | **2023-12-31** | **2024-06-30** | **2024-12-31** | **2025-06-30** | **LTM** |
| **BETTER PLACE\*** | $933 | $1438 | $1696 | $1622 | $978 | $930 | $1908 |

---

*\** *Earnings shown in the table reflect 75% of earnings for the period shown to align with offering.*

**Administrative fee for Rachel Platten - "Better Place"**

The Administrative Fee (i.e., the amount to be paid to our company as a percentage of the value of the royalty payments collected by our company to be distributed to holders of Rachel Platten - "Better Place" Royalty Share Units) is 5.00%.

**Investor Perk**

Purchasers of Rachel Platten - "Better Place" Royalty Share Units are entitled to receive a "Certificate of Authenticity" at no additional cost. See "Plan of Distribution – Investor Perks" for more details.

**<u>Rachel Platten - "Stand By You"</u> <u>Royalty Share Asset</u>**

The Rachel Platten - "Stand By You" Music Royalty Asset is the underlying asset of the Rachel Platten - "Stand By You" Royalty Share Agreement (the "Agreement"). The Agreement contains up to seventy five percent (75%) of producer's share paid by Sony Music earned by the "Stand By You" song recording by the artist Rachel Platten.

**About Rachel Platten**

Rachel Platten is an American singer and songwriter known for her empowering pop anthems and emotionally resonant songwriting. She rose to international prominence with her 2015 hit *"Fight Song,"* which became a global anthem of resilience and self-belief. Blending pop sensibilities with heartfelt lyrics, Platten has continued to build a career centered on themes of perseverance, confidence, and personal growth. Her ability to connect with listeners through uplifting, relatable music has made her a recognizable voice in contemporary pop.

**About Stand By You**

"Stand by You" by Rachel Platten is a heartfelt pop ballad that emphasizes loyalty, support, and unconditional love. Released in 2015, the song pairs emotive lyrics with soaring melodies, capturing the promise of being there for someone through both joy and hardship. Its sincerity and uplifting message resonated widely, making it one of Platten's most recognizable songs and a defining moment in her career.

**Royalty Share Agreement Terms**

The Rachel Platten - "Stand By You" Royalty Share Agreement is between our company and the owner of the producer's share of "Stand By You" by Rachel Platten. The Agreement entitles the company up to seventy five percent (75%) of the producer's share paid by Sony Music earned by the "Stand By You" song recording by the artist Rachel Platten.

**Financial Highlights**

Royalties paid over recent quarters from the revenue streams contemplated in the Rachel Platten - "Stand By You" Royalty Share Agreement are set forth in the table below.

![](img_024.jpg)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **2022-12-31** | **2023-06-30** | **2023-12-31** | **2024-06-30** | **2024-12-31** | **2025-06-30** | **LTM** |
| **STAND BY YOU\*** | $2861 | $2515 | $2268 | $2105 | $1620 | $1651 | $3270 |

---

*\** *Earnings in the table represent 75% of earnings for periods shown to align with offering.*

**Administrative fee for Rachel Platten - "Stand By You"**

The Administrative Fee (i.e., the amount to be paid to our company as a percentage of the value of the royalty payments collected by our company to be distributed to holders of Rachel Platten - "Stand By You" Royalty Share Units) is 5.00%.

**Investor Perk**

Purchasers of "Stand By You" Royalty Share Units are entitled to receive a "Certificate of Authenticity" at no additional cost. See "Plan of Distribution – Investor Perks" for more details.

**<u>Rachel Platten - "Fight Song"</u> <u>Royalty Share Asset</u>**

The Rachel Platten - "Fight Song" Music Royalty Asset is the underlying asset of the Rachel Platten - "Fight Song" Royalty Share Agreement (the "Agreement"). The Agreement contains up to twenty percent (20%) of producer's share paid by Sony Music earned by the "Fight Song" song recording by the artist Rachel Platten.

**About Rachel Platten**

Rachel Platten is an American singer and songwriter known for her empowering pop anthems and emotionally resonant songwriting. She rose to international prominence with her 2015 hit *"Fight Song,"* which became a global anthem of resilience and self-belief. Blending pop sensibilities with heartfelt lyrics, Platten has continued to build a career centered on themes of perseverance, confidence, and personal growth. Her ability to connect with listeners through uplifting, relatable music has made her a recognizable voice in contemporary pop.

**About Fight Song**

"Fight Song" by Rachel Platten is an empowering pop anthem that centers on resilience, self-belief, and personal strength. Released in 2015, the song builds from a quiet, reflective opening into a powerful chorus, mirroring the journey of overcoming doubt and adversity. Its uplifting message and emotional delivery resonated with a wide audience, making "Fight Song" a defining hit and a lasting anthem of perseverance.

**Royalty Share Agreement Terms**

The Rachel Platten - "Fight Song" Royalty Share Agreement is between our company and the owner of the producer's share of "Fight Song" by Rachel Platten. The Agreement entitles the company up to twenty percent (20%) of the producer's share paid by Sony Music earned by the "Fight Song" song recording by the artist Rachel Platten.

**Financial Highlights**

Royalties paid over recent quarters from the revenue streams contemplated in the Rachel Platten - "Fight Song" Royalty Share Agreement are set forth in the table below.

![](img_025.jpg)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **2022-12-31** | **2023-06-30** | **2023-12-31** | **2024-06-30** | **2024-12-31** | **2025-06-30** | **LTM** |
| **FIGHT SONG\*** | $4228 | $4423 | $4994 | $6689 | $4982 | $4706 | $9688 |

---

*\** *Earnings in the table reflect 20% of earnings for the periods shown to align with offering.*

**Administrative fee for Rachel Platten - "Fight Song"**

The Administrative Fee (i.e., the amount to be paid to our company as a percentage of the value of the royalty payments collected by our company to be distributed to holders of Rachel Platten - "Fight Song" Royalty Share Units) is 5.00%.

**Investor Perk**

Purchasers of Rachel Platten - "Fight Song" Royalty Share Units are entitled to receive a "Certificate of Authenticity" at no additional cost. See "Plan of Distribution – Investor Perks" for more details.

**<u>Ariana Grande & Lady Gaga - "Rain On Me"</u> <u>Royalty Share Asset</u>**

The Ariana Grande & Lady Gaga - "Rain On Me" Music Royalty Asset is the underlying asset of the Ariana Grande & Lady Gaga - "Rain On Me" Royalty Share Agreement (the "Agreement"). The Agreement contains up to seventy five percent (75%) of writer's share paid by BMI earned by the "Rain On Me" song recording by the artists Ariana Grande & Lady Gaga.

**About Ariana Grande**

Ariana Grande is a Grammy Award–winning American singer, songwriter, and actress known for her powerhouse vocals and genre-spanning pop sound. Rising to fame in the early 2010s, she quickly established herself as a global superstar with chart-topping hits such as "*Thank U, Next*," "*7 Rings*," and "*No Tears Left to Cry*." Drawing from pop, R&B, and hip-hop influences, Grande is celebrated for her vocal range, emotional expressiveness, and cultural impact. Her consistent commercial success and artistic evolution have made her one of the defining pop artists of her generation.

**About Lady Gaga**

Lady Gaga is a Grammy and Academy Award–winning American artist known for her boundary-pushing creativity, powerful vocals, and cultural impact. Rising to global fame with hits such as *"Just Dance," "Poker Face,"* and *"Bad Romance,"* she quickly became recognized for blending pop music with bold visual artistry and theatrical performance. Over her career, Gaga has successfully crossed into jazz, film, and advocacy work, earning acclaim for both her musical versatility and acting roles. Her fearless self-expression and artistic range have solidified her as one of the most influential entertainers of her generation.

**About Rain On Me**

"Rain on Me" by Ariana Grande and Lady Gaga is an upbeat dance-pop anthem released in 2020 that blends high-energy house influences with themes of resilience and emotional release. Framed as a celebration of surviving hardship, the song uses rain as a metaphor for embracing pain rather than avoiding it. With its powerful vocals, infectious production, and message of strength through vulnerability, "Rain on Me" became a global hit and a standout collaboration between two of pop's biggest stars.

**Royalty Share Agreement Terms**

The Ariana Grande & Lady Gaga - "Rain On Me" Royalty Share Agreement is between our company and the owner of the writer's share of "Rain On Me" by Ariana Grande & Lady Gaga. The Agreement entitles the company up to seventy five percent (75%) of the writer's share paid by BMI earned by the "Rain On Me" song recording by the artist Ariana Grande & Lady Gaga.

**Financial Highlights**

Royalties paid over recent quarters from the revenue streams contemplated in the "Rain On Me" Royalty Share Agreement are set forth in the table below.

![](img_026.jpg)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **6/30/24** | **9/30/24** | **12/31/24** | **3/31/25** | **6/30/25** | **LTM** |
| **RAIN ON ME\*** | $3496 | $3155 | $3086 | $2665 | $3731 | $12637 |

---

*\** *Earnings in the table reflect 75% of earnings for the periods shown to align with offering.*

**Administrative fee for Ariana Grande & Lady Gaga - "Rain On Me"**

The Administrative Fee (i.e., the amount to be paid to our company as a percentage of the value of the royalty payments collected by our company to be distributed to holders of Ariana Grande & Lady Gaga - "Rain On Me" Royalty Share Units) is 5.00%.

**Investor Perk**

Purchasers of Ariana Grande & Lady Gaga - "Rain On Me" Royalty Share Units are entitled to receive a "Certificate of Authenticity" at no additional cost. See "Plan of Distribution – Investor Perks" for more details.

**<u>"Kenny G & Luther Vandross - Vol. 1"</u> <u>Royalty Share Asset</u>**

The Kenny G Music Royalty Asset is the underlying asset of the "Kenny G & Luther Vandross - Vol. 1" Royalty Share Agreement (the "Agreement"). The Agreement contains up to one hundred percent (100%) of producer's share paid by Sony earned by the song recordings listed below by the artist Kenny G and Luther Vandross.

**About Kenny G**

Kenny G is an American saxophonist and composer widely recognized as one of the most commercially successful instrumental artists of all time. Rising to prominence in the 1980s and 1990s, he became a defining figure in contemporary and smooth jazz with albums such as *Duotones* and *Breathless*. Known for his signature soprano saxophone sound and melodic style, Kenny G has sold millions of records worldwide and achieved enduring crossover appeal across jazz and pop audiences. His longevity and global success have made him one of the most recognizable instrumental musicians of his generation.

**About Luther Vandross**

Luther Vandross was an American singer, songwriter, and producer celebrated for his rich, velvety voice and timeless contributions to R&B and soul music. Rising to prominence in the 1980s with hits such as "Never Too Much," "Here and Now," and "Dance with My Father," he became known for his romantic ballads and impeccable vocal delivery. Over his career, Vandross earned multiple Grammy Awards and sold millions of records worldwide. His influence on contemporary R&B and his reputation as one of the genre's greatest vocalists continue to resonate long after his passing.

**Song List**

---

| |
|:---|
| Kenny G - EVEN IF MY HEART WOULD BREAK |
| Kenny G - HAVANA |
| Kenny G - G-BOP |
| Kenny G - LOVING YOU |
| Kenny G - SISTER ROSE |
| Kenny G - INNOCENCE |
| Kenny G - THE CHAMPION'S THEME |
| Kenny G (ft. Peabo Bryson & Kenny G) - BY THE TIME THIS NIGHT IS OVER |
| Luther Vandross - ALWAYS AND FOREVER |
| Luther Vandross - LOVE THE ONE YOU'RE WITH |
| Luther Vandross - GOING IN CIRCLES |

---

**Royalty Share Agreement Terms**

The "Kenny G & Luther Vandross - Vol. 1" Royalty Share Agreement is between our company and the owner of the producer's share of songs listed by Kenny G and Luther Vandross. The Agreement entitles the company up to one hundred percent (100%) of the producer's share paid by Sony earned by the song recordings listed by the artist Kenny G and Luther Vandross.

**Financial Highlights**

Royalties paid over recent quarters from the revenue stream contemplated in the "Kenny G & Luther Vandross - Vol. 1" Royalty Share Agreement are set forth in the table below.

![](img_027.jpg)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **2021** | **2021** | **2022** | **2022** | **2023** | **2023** |
|  | **Qtr2** | **Qtr4** | **Qtr2** | **Qtr4** | **Qtr2** | **Qtr4** |
| **ALWAYS AND FOREVER** | $165.21 | $169.63 | $179.82 | $171.65 | $177.71 | $164.17 |
| **EVEN IF MY HEART WOULD BREAK** | $86.06 | $109.36 | $93.95 | $105.85 | $91.47 | $81.68 |
| **HAVANA** | $38.23 | $47.97 | $51.58 | $47.56 | $33.18 | $30.96 |
| **BY THE TIME THIS NIGHT IS OVER** | $25.33 | $30.82 | $31.65 | $30.80 | $31.28 | $29.03 |
| **LOVE THE ONE YOURE WITH** | $19.07 | $24.30 | $24.63 | $22.82 | $19.80 | $32.05 |
| **GOING IN CIRCLES** | $18.47 | $21.54 | $20.66 | $22.04 | $19.05 | $20.23 |
| **LOVING YOU** | $13.06 | $12.56 | $12.99 | $27.58 | $35.93 | $15.49 |
| **G-BOP** | $12.14 | $14.41 | $14.24 | $15.48 | $15.48 | $14.67 |
| **SISTER ROSE** | $8.44 | $10.67 | $12.74 | $14.94 | $30.09 | $10.53 |
| **THE CHAMPIONS THEME** | $9.24 | $9.76 | $8.20 | $9.36 | $8.48 | $7.50 |
| **INNOCENCE** | $6.93 | $6.76 | $7.35 | $7.84 | $8.23 | $6.79 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **2024** | **2024** | **2025** | **Last** |
|  | **Qtr2** | **Qtr4** | **Qtr2** | **12 Months** |
| **ALWAYS AND FOREVER** | $170.21 | $209.76 | $302.99 | $512.75 |
| **EVEN IF MY HEART WOULD BREAK** | $45.23 | $41.41 | $63.02 | $104.43 |
| **HAVANA** | $34.41 | $28.89 | $31.46 | $60.35 |
| **BY THE TIME THIS NIGHT IS OVER** | $41.06 | $37.00 | $30.74 | $67.74 |
| **LOVE THE ONE YOURE WITH** | $28.28 | $29.33 | $36.20 | $65.53 |
| **GOING IN CIRCLES** | $19.66 | $22.32 | $25.64 | $47.95 |
| **LOVING YOU** | $14.50 | $13.57 | $15.46 | $29.03 |
| **G-BOP** | $20.62 | $16.60 | $17.12 | $33.71 |
| **SISTER ROSE** | $12.59 | $9.43 | $11.77 | $21.20 |
| **THE CHAMPIONS THEME** | $6.86 | $5.84 | $7.02 | $12.85 |
| **INNOCENCE** | $7.54 | $6.44 | $7.10 | $13.55 |
|  |  |  | **Total** | $**969.08** |

---

**Administrative fee for "Kenny G & Luther Vandross - Vol. 1"**

The Administrative Fee (i.e., the amount to be paid to our company as a percentage of the value of the royalty payments collected by our company to be distributed to holders of "Kenny G & Luther Vandross - Vol. 1" Royalty Share Units) is 5.00%.

**Investor Perk**

Purchasers of "Kenny G & Luther Vandross - Vol. 1" Royalty Share Units are entitled to receive a "Certificate of Authenticity" at no additional cost. See "Plan of Distribution – Investor Perks" for more details.

**"<u>Michael Bolton Vol 1" Royalty Share Asset</u>**

The "Michael Bolton Vol 1" Music Royalty Asset is the underlying asset of the "Michael Bolton Vol 1" Royalty Share Agreement (the "Agreement"). The Agreement contains up to one hundred percent (100%) of producer's share paid by Sony earned by the song recordings listed below by the artist Michael Bolton.

**About Michael Bolton**

Michael Bolton is an American singer and songwriter known for his powerful tenor voice and emotionally charged pop-rock ballads. Rising to prominence in the late 1980s and early 1990s, he achieved global success with hits such as "How Am I Supposed to Live Without You," "When a Man Loves a Woman," and "Said I Loved You…But I Lied." Blending pop, rock, and adult contemporary influences, Bolton has sold millions of records worldwide and earned multiple Grammy Awards. His soaring vocals and romantic style have made him a lasting presence in contemporary music.

**Song List**

---

| |
|:---|
| Michael Bolton - A LOVE SO BEAUTIFUL |
| Michael Bolton - LEAN ON ME |
| Michael Bolton - TIME, LOVE AND TENDERNESS |
| Michael Bolton - SOUL OF MY SOUL |
| Michael Bolton - A TIME FOR LETTING GO |
| Michael Bolton - NEW LOVE |
| Michael Bolton - I FOUND SOMEONE |
| Michael Bolton - FOREVER ISN'T LONG ENOUGH |

---

**Royalty Share Agreement Terms**

The "Michael Bolton Vol 1" Royalty Share Agreement is between our company and the owner of the producer's share of certain songs (listed below) by Michael Bolton. The Agreement entitles the company to up to one hundred percent (100%) of the producer's share paid by Sony earned by the song recordings listed by the artist Michael Bolton.

**Financial Highlights**

Royalties paid over recent quarters from the revenue stream contemplated in the "Michael Bolton Vol 1" Royalty Share Agreement are set forth in the table below.

![](img_028.jpg)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **2021** | **2021** | **2022** | **2022** | **2023** | **2023** |
| <br>**Michael Bolton Vol1** | **Qtr2** | **Qtr4** | **Qtr2** | **Qtr4** | **Qtr2** | **Qtr4** |
| **A LOVE SO BEAUTIFUL** | $109.79 | $123.37 | $141.17 | $150.46 | $145.03 | $219.14 |
| **LEAN ON ME** | $41.79 | $49.93 | $57.11 | $53.95 | $46.50 | $62.22 |
| **TIME, LOVE AND TENDERNESS** | $28.36 | $32.59 | $35.52 | $37.31 | $36.11 | $34.13 |
| **SOUL OF MY SOUL** | $12.65 | $14.62 | $16.86 | $15.87 | $14.81 | $16.12 |
| **A TIME FOR LETTING GO** | $20.66 | $15.22 | $20.30 | $18.19 | $15.11 | $13.69 |
| **NEW LOVE** | $6.22 | $6.28 | $7.87 | $7.77 | $8.52 | $9.55 |
| **I FOUND SOMEONE** | $3.20 | $3.28 | $3.93 | $3.13 | $3.46 | $4.04 |
| **FOREVER ISNT LONG ENOUGH** | $3.94 | $4.71 | $4.73 | $4.35 | $5.36 | $5.28 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **2024** | **2024** | **2025** | |
| <br>**Michael Bolton Vol1** | **Qtr2** | **Qtr4** | **Qtr2** | **Last**<br>**12 Months** |
| **A LOVE SO BEAUTIFUL** | $293.40 | $615.49 | $577.24 | $1192.73 |
| **LEAN ON ME** | $62.00 | $68.30 | $56.30 | $124.61 |
| **TIME, LOVE AND TENDERNESS** | $40.78 | $47.14 | $37.85 | $84.99 |
| **SOUL OF MY SOUL** | $17.56 | $16.01 | $18.12 | $34.13 |
| **A TIME FOR LETTING GO** | $13.41 | $12.16 | $13.57 | $25.73 |
| **NEW LOVE** | $8.45 | $8.13 | $10.86 | $18.99 |
| **I FOUND SOMEONE** | $5.67 | $5.23 | $5.82 | $11.05 |
| **FOREVER ISNT LONG ENOUGH** | $4.91 | $4.57 | $5.07 | $9.63 |
|  |  |  | **Total** | $**1501.86** |

---

**Administrative fee for "Michael Bolton Vol 1"**

The Administrative Fee (i.e., the amount to be paid to our company as a percentage of the value of the royalty payments collected by our company to be distributed to holders of "Michael Bolton Vol 1" Royalty Share Units) is 5.00%.

**Investor Perk**

Purchasers of "Michael Bolton Vol 1" Royalty Share Units are entitled to receive a "Certificate of Authenticity" at no additional cost. See "Plan of Distribution – Investor Perks" for more details.

**"<u>Michael Bolton Vol 2" Royalty Share Asset</u>**

The "Michael Bolton Vol 2" Music Royalty Asset is the underlying asset of the "Michael Bolton Vol 2" Royalty Share Agreement (the "Agreement"). The Agreement contains up to one hundred percent (100%) of producer's share paid by Sony earned by the song recordings listed below by the artist Michael Bolton.

**About Michael Bolton**

Michael Bolton is an American singer and songwriter known for his powerful tenor voice and emotionally charged pop-rock ballads. Rising to prominence in the late 1980s and early 1990s, he achieved global success with hits such as "How Am I Supposed to Live Without You," "When a Man Loves a Woman," and "Said I Loved You…But I Lied." Blending pop, rock, and adult contemporary influences, Bolton has sold millions of records worldwide and earned multiple Grammy Awards. His soaring vocals and romantic style have made him a lasting presence in contemporary music.

**Song List**

---

| |
|:---|
| Michael Bolton - WHEN A MAN LOVES A WOMAN |
| Michael Bolton - STEEL BARS |
| Michael Bolton (ft. Kenny G) - MISSING YOU NOW |
| Michael Bolton - NOW THAT I FOUND YOU |
| Michael Bolton - LOVE IS A WONDERFUL THING |
| Michael Bolton (ft. Patti LaBelle) - WE'RE NOT MAKIN' LOVE ANYMORE |
| Michael Bolton - NEVER GET ENOUGH OF YOUR LOVE |
| Michael Bolton - THE ONE THING |

---

**Royalty Share Agreement Terms**

The "Michael Bolton Vol 2" Royalty Share Agreement is between our company and the owner of the producer's share of songs listed by Michael Bolton. The Agreement entitles the company up to one hundred percent (100%) of the producer's share paid by Sony earned by the song recordings listed by the artist Michael Bolton.

**Financial Highlights**

Royalties paid over recent quarters from the revenue stream contemplated in the "Michael Bolton Vol 2" Royalty Share Agreement are set forth in the table below.

![](img_029.jpg)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **2021** | **2021** | **2022** | **2022** | **2023** | **2023** |
| <br>**Michael Bolton Vol2** | **Qtr2** | **Qtr4** | **Qtr2** | **Qtr4** | **Qtr2** | **Qtr4** |
| **WHEN A MAN LOVES A WOMAN** | $305.20 | $374.28 | $446.60 | $396.85 | $337.66 | $391.42 |
| **MISSING YOU NOW** | $62.22 | $121.69 | $132.68 | $102.96 | $76.71 | $89.63 |
| **STEEL BARS** | $28.35 | $32.48 | $37.48 | $35.51 | $34.94 | $33.72 |
| **LOVE IS A WONDERFUL THING** | $15.16 | $18.93 | $25.26 | $47.70 | $38.88 | $24.49 |
| **NOW THAT I FOUND YOU** | $12.90 | $12.91 | $16.16 | $15.24 | $15.92 | $16.63 |
| **WERE NOT MAKIN LOVE ANYMORE** | $5.07 | $5.04 | $5.15 | $4.87 | $6.36 | $6.48 |
| **NEVER GET ENOUGH OF YOUR LOVE** | $3.28 | $3.60 | $3.98 | $3.78 | $3.71 | $4.08 |
| **THE ONE THING** | $2.82 | $2.94 | $4.35 | $3.60 | $3.73 | $3.69 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **2024** | **2024** | **2025** | |
| <br>**Michael Bolton Vol2** | **Qtr2** | **Qtr4** | **Qtr2** | **Last**<br>**12 Months** |
| **WHEN A MAN LOVES A WOMAN** | $436.35 | $487.61 | $405.95 | $893.56 |
| **MISSING YOU NOW** | $108.39 | $103.38 | $103.11 | $206.49 |
| **STEEL BARS** | $34.84 | $37.20 | $41.90 | $79.10 |
| **LOVE IS A WONDERFUL THING** | $27.67 | $48.05 | $24.66 | $72.70 |
| **NOW THAT I FOUND YOU** | $16.11 | $14.23 | $15.81 | $30.04 |
| **WERE NOT MAKIN LOVE ANYMORE** | $7.22 | $6.19 | $7.37 | $13.56 |
| **NEVER GET ENOUGH OF YOUR LOVE** | $3.87 | $3.98 | $4.98 | $8.95 |
| **THE ONE THING** | $3.18 | $3.60 | $4.98 | $8.58 |
|  |  |  | **Total** | $**1312.99** |

---

**Administrative fee for "Michael Bolton Vol 2"**

The Administrative Fee (i.e., the amount to be paid to our company as a percentage of the value of the royalty payments collected by our company to be distributed to holders of "Michael Bolton Vol 2" Royalty Share Units) is 5.00%.

**Investor Perk**

Purchasers of "Michael Bolton Vol 2" Royalty Share Units are entitled to receive a "Certificate of Authenticity" at no additional cost. See "Plan of Distribution – Investor Perks" for more details.

**<u>Mariah Carey - "Without You" Royalty Share Asset</u>**

The Mariah Carey - "Without You" Music Royalty Asset is the underlying asset of the Mariah Carey - "Without You" Royalty Share Agreement (the "Agreement"). The Agreement contains up to one hundred percent (100%) of producer's share paid by Sony earned by the song recording Mariah Carey - "Without You" by the artist Mariah Carey.

**About Mariah Carey**

Mariah Carey is a Grammy Award–winning American singer, songwriter, and producer widely regarded as one of the greatest vocalists in pop and R&B history. She rose to fame in the early 1990s with her self-titled debut album and quickly became known for her five-octave vocal range and signature whistle register. With iconic hits such as "Vision of Love," "We Belong Together," and the perennial classic "All I Want for Christmas Is You," Carey has achieved extraordinary commercial success worldwide. Her influence on contemporary pop and R&B, along with her songwriting and vocal artistry, has solidified her legacy as one of the most impactful artists of her generation.

**About Without You**

"Without You" by Mariah Carey is a powerful ballad that showcases her remarkable vocal range and emotional intensity. Released in 1994 as part of her album *Music Box*, the song is a soaring rendition of the classic originally recorded by Badfinger and later popularized by Harry Nilsson. Carey's dramatic delivery and dynamic vocal performance transformed the track into one of her signature hits, highlighting themes of heartbreak and longing while reinforcing her reputation as one of pop music's most accomplished vocalists.

**Royalty Share Agreement Terms**

The Mariah Carey - "Without You" Royalty Share Agreement is between our company and the owner of the producer's share of songs listed by Mariah Carey. The Agreement entitles the company up to one hundred percent (100%) of the producer's share paid by Sony earned by the song recording "Without You" by the artist Mariah Carey.

**Financial Highlights**

![](img_030.jpg)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **2021** | **2021** | **2022** | **2022** | **2023** | **2023** | **2024** | **2024** | **2025** | **Last** |
| **Qtr2** | **Qtr4** | **Qtr2** | **Qtr4** | **Qtr2** | **Qtr4** | **Qtr2** | **Qtr4** | **Qtr2** | **12 Months** |
| $**1283.38** | $915.11 | $1456.08 | $1322.20 | $1067.71 | $1346.27 | $1267.63 | $1340.64 | $1242.87 | $2583.51 |

---

**Administrative fee for Mariah Carey - "Without You"**

The Administrative Fee (i.e., the amount to be paid to our company as a percentage of the value of the royalty payments collected by our company to be distributed to holders of Mariah Carey - "Without You" Royalty Share Units) is 5.00%.

**Investor Perk**

Purchasers of Mariah Carey - "Without You" Royalty Share Units are entitled to receive a "Certificate of Authenticity" at no additional cost. See "Plan of Distribution – Investor Perks" for more details.

**"<u>Mariah Carey - Hero" Royalty Share Asset</u>**

The "Mariah Carey - Hero" Music Royalty Asset is the underlying asset of the "Mariah Carey - Hero" Royalty Share Agreement (the "Agreement"). The Agreement contains up to one hundred percent (100%) of producer's share paid by Sony earned by the song recording "Hero" by the artist Mariah Carey.

**About Mariah Carey**

Mariah Carey is a Grammy Award–winning American singer, songwriter, and producer widely regarded as one of the greatest vocalists in pop and R&B history. She rose to fame in the early 1990s with her self-titled debut album and quickly became known for her five-octave vocal range and signature whistle register. With iconic hits such as "Vision of Love," "We Belong Together," and the perennial classic "All I Want for Christmas Is You," Carey has achieved extraordinary commercial success worldwide. Her influence on contemporary pop and R&B, along with her songwriting and vocal artistry, has solidified her legacy as one of the most impactful artists of her generation.

**About Hero**

"Hero" by Mariah Carey is an inspirational ballad released in 1993 that emphasizes inner strength, resilience, and self-belief. Built around a gentle piano melody that crescendos into a powerful vocal climax, the song encourages listeners to look within themselves for courage during difficult times. Its uplifting message and Carey's soaring performance helped make "Hero" one of her most enduring and beloved songs, resonating across generations as an anthem of empowerment and hope.

**Royalty Share Agreement Terms**

The "Mariah Carey - Hero" Royalty Share Agreement is between our company and the owner of the producer's share of songs listed by Mariah Carey. The Agreement entitles the company up to one hundred percent (100%) of the producer's share paid by Sony earned by the song recording "Hero" by the artist Mariah Carey.

**Financial Highlights**

Royalties paid over recent quarters from the revenue stream contemplated in the "Mariah Carey - Hero" Royalty Share Agreement are set forth in the table below.

![](img_031.jpg)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **2021** | **2021** | **2022** | **2022** | **2023** | **2023** | **2024** | **2024** | **2025** | **Last** |
| **Qtr2** | **Qtr4** | **Qtr2** | **Qtr4** | **Qtr2** | **Qtr4** | **Qtr2** | **Qtr4** | **Qtr2** | **12 Months** |
| $**871.58** | $813.91 | $1123.50 | $1045.86 | $941.48 | $1543.19 | $1611.77 | $1302.66 | $1059.36 | $2362.02 |

---

**Administrative fee for Mariah Care - "Hero"**

The Administrative Fee (i.e., the amount to be paid to our company as a percentage of the value of the royalty payments collected by our company to be distributed to holders of "Hero" Royalty Share Units) is 5.00%.

**Investor Perk**

Purchasers of "Hero" Royalty Share Units are entitled to receive a "Certificate of Authenticity" at no additional cost. See "Plan of Distribution – Investor Perks" for more details.

**"<u>Mariah Carey - One Sweet Day" Royalty Share Asset</u>**

The "<u>Mariah Carey -</u> One Sweet Day" Music Royalty Asset is the underlying asset of the <u>Mariah Carey -</u> "One Sweet Day" Royalty Share Agreement (the "Agreement"). The Agreement contains up to one hundred percent (100%) of producer's share paid by Sony earned by the song recording "One Sweet Day" by the artist Mariah Carey.

**About Mariah Carey**

Mariah Carey is a Grammy Award–winning American singer, songwriter, and producer widely regarded as one of the greatest vocalists in pop and R&B history. She rose to fame in the early 1990s with her self-titled debut album and quickly became known for her five-octave vocal range and signature whistle register. With iconic hits such as "Vision of Love," "We Belong Together," and the perennial classic "All I Want for Christmas Is You," Carey has achieved extraordinary commercial success worldwide. Her influence on contemporary pop and R&B, along with her songwriting and vocal artistry, has solidified her legacy as one of the most impactful artists of her generation.

**About One Sweet Day**

"One Sweet Day" by Mariah Carey and Boyz II Men is a heartfelt R&B ballad released in 1995 that reflects on love, loss, and the hope of reunion in the afterlife. Blending Carey's soaring vocals with the rich harmonies of Boyz II Men, the song delivers a powerful message of comfort and remembrance for those who have passed. Its emotional depth and universal theme resonated widely, helping it become one of the most commercially successful and enduring collaborations in pop and R&B history.

**Royalty Share Agreement Terms**

The "Mariah Carey - One Sweet Day" Royalty Share Agreement is between our company and the owner of the producer's share of songs listed by Mariah Carey. The Agreement entitles the company up to one hundred percent (100%) of the producer's share paid by Sony earned by the song recording "One Sweet Day" by the artist Mariah Carey.

**Financial Highlights**

Royalties paid over recent quarters from the revenue stream contemplated in the "Mariah Carey - One Sweet Day" Royalty Share Agreement are set forth in the table below.

![](img_032.jpg)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **2021** | **2021** | **2022** | **2022** | **2023** | **2023** | **2024** | **2024** | **2025** | **Last** |
| **Qtr2** | **Qtr4** | **Qtr2** | **Qtr4** | **Qtr2** | **Qtr4** | **Qtr2** | **Qtr4** | **Qtr2** | **12 Months** |
| $**605.45** | $657.95 | $702.88 | $668.57 | $690.04 | $622.70 | $717.00 | $718.98 | $875.93 | $1594.91 |

---

**Administrative fee for <u>Mariah Carey -</u> "One Sweet Day"**

The Administrative Fee (i.e., the amount to be paid to our company as a percentage of the value of the royalty payments collected by our company to be distributed to holders of "Mariah Carey - One Sweet Day" Royalty Share Units) is 5.00%.

**Investor Perk**

Purchasers of "Mariah Carey - One Sweet Day" Royalty Share Units are entitled to receive a "Certificate of Authenticity" at no additional cost. See "Plan of Distribution – Investor Perks" for more details.

**"<u>Mariah Carey - Love Takes Time" Royalty Share Asset</u>**

The "Mariah Carey - Love Takes Time" Music Royalty Asset is the underlying asset of the "Mariah Carey - Love Takes Time" Royalty Share Agreement (the "Agreement"). The Agreement contains up to one hundred percent (100%) of producer's share paid by Sony earned by the song recording "Love Takes Time" by the artist Mariah Carey.

**About Mariah Carey**

Mariah Carey is a Grammy Award–winning American singer, songwriter, and producer widely regarded as one of the greatest vocalists in pop and R&B history. She rose to fame in the early 1990s with her self-titled debut album and quickly became known for her five-octave vocal range and signature whistle register. With iconic hits such as "Vision of Love," "We Belong Together," and the perennial classic "All I Want for Christmas Is You," Carey has achieved extraordinary commercial success worldwide. Her influence on contemporary pop and R&B, along with her songwriting and vocal artistry, has solidified her legacy as one of the most impactful artists of her generation.

**About Love Takes Time**

"Love Takes Time" by Mariah Carey is an emotional pop ballad from her 1990 debut album that captures the lingering pain of heartbreak and the slow process of healing. Built around a tender melody and restrained production, the song allows Carey's expressive vocals to take center stage as she reflects on love lost and the difficulty of moving on. Its sincerity and vocal vulnerability helped establish her early reputation as a powerful ballad singer and songwriter.

**Royalty Share Agreement Terms**

The "Mariah Carey - Love Takes Time" Royalty Share Agreement is between our company and the owner of the producer's share of songs listed by Mariah Carey. The Agreement entitles the company up to one hundred percent (100%) of the producer's share paid by Sony earned by the song recording "Love Takes Time" by the artist Mariah Carey.

**Financial Highlights**

Royalties paid over recent quarters from the revenue streams contemplated in the "Mariah Carey - Love Takes Time" Royalty Share Agreement are set forth in the table below.

![](img_033.jpg)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **2021** | **2021** | **2022** | **2022** | **2023** | **2023** | **2024** | **2024** | **2025** | **Last** |
| **Qtr2** | **Qtr4** | **Qtr2** | **Qtr4** | **Qtr2** | **Qtr4** | **Qtr2** | **Qtr4** | **Qtr2** | **12 Months** |
| $**344.68** | $353.26 | $452.82 | $417.17 | $340.80 | $370.69 | $373.23 | $540.29 | $446.18 | $986.47 |

---

**Administrative fee for <u>Mariah Carey -</u> "Love Takes Time"**

The Administrative Fee (i.e., the amount to be paid to our company as a percentage of the value of the royalty payments collected by our company to be distributed to holders of "Mariah Carey - Love Takes Time" Royalty Share Units) is 5.00%.

**Investor Perk**

Purchasers of "Mariah Carey - Love Takes Time" Royalty Share Units are entitled to receive a "Certificate of Authenticity" at no additional cost. See "Plan of Distribution – Investor Perks" for more details.

**"<u>Mariah Carey Vol 1" Royalty Share Asset</u>**

The "Mariah Carey Vol 1" Music Royalty Asset is the underlying asset of the "Mariah Carey Vol 1" Royalty Share Agreement (the "Agreement"). The Agreement contains up to one hundred percent (100%) of producer's share paid by Sony earned by the song recordings listed below by the artist Mariah Carey.

**About Mariah Carey**

Mariah Carey is a Grammy Award–winning American singer, songwriter, and producer widely regarded as one of the greatest vocalists in pop and R&B history. She rose to fame in the early 1990s with her self-titled debut album and quickly became known for her five-octave vocal range and signature whistle register. With iconic hits such as "Vision of Love," "We Belong Together," and the perennial classic "All I Want for Christmas Is You," Carey has achieved extraordinary commercial success worldwide. Her influence on contemporary pop and R&B, along with her songwriting and vocal artistry, has solidified her legacy as one of the most impactful artists of her generation.

**Song List**

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| |
|:---|
| DREAMLOVER |
| ANYTIME YOU NEED A FRIEND |
| I'LL BE THERE |
| CAN'T LET GO |
| OPEN ARMS |
| EMOTIONS |
| FOREVER |

---

**Royalty Share Agreement Terms**

The "Mariah Carey Vol 1" Royalty Share Agreement is between our company and the owner of the producer's share of songs listed by Mariah Carey. The Agreement entitles the company up to one hundred percent (100%) of the producer's share paid by Sony earned by the song recordings listed by the artist Mariah Carey.

**Financial Highlights**

Royalties paid over recent quarters from the revenue streams contemplated in the "Mariah Carey Vol 1" Royalty Share Agreement are set forth in the table below.

![](img_034.jpg)

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **2021** | **2021** | **2022** | **2022** | **2023** | **2023** |
| <br>**Mariah Carey Vol1** | **Qtr2** | **Qtr4** | **Qtr2** | **Qtr4** | **Qtr2** | **Qtr4** |
| **DREAMLOVER** | 266.74 | $251.73 | $233.35 | $64.87 | $252.05 | $308.95 |
| **ANYTIME YOU NEED A FRIEND** | 293.65 | $134.00 | $152.17 | $154.94 | $161.22 | $149.31 |
| **CANT LET GO** | 143.38 | $154.48 | $162.47 | $197.52 | $142.79 | $53.22 |
| **ILL BE THERE** | $43.75 | $155.42 | $64.28 | $94.54 | $132.39 | $130.85 |
| **OPEN ARMS** | $69.66 | $87.97 | $85.73 | $81.98 | $73.04 | $80.61 |
| **FOREVER** | $60.07 | $68.10 | $75.81 | $73.04 | $71.82 | $73.35 |
| **EMOTIONS** | $53.44 | $39.28 | $7.21 | $17.42 | $21.71 | $11.18 |

---

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| | | | | |
|:---|:---|:---|:---|:---|
| | **2024** | **2024** | **2025** | |
| <br>**Mariah Carey Vol1** | **Qtr2** | **Qtr4** | **Qtr2** | **Last**<br>**12 Months** |
| **DREAMLOVER** | $248.40 | $334.70 | $264.84 | $599.55 |
| **ANYTIME YOU NEED A FRIEND** | $219.36 | $211.92 | $128.44 | $340.36 |
| **CANT LET GO** | $152.94 | $159.38 | $160.90 | $320.28 |
| **ILL BE THERE** | $142.94 | $224.93 | $135.06 | $359.99 |
| **OPEN ARMS** | $74.82 | $88.59 | $95.50 | $184.09 |
| **FOREVER** | $77.00 | $77.18 | $77.08 | $154.25 |
| **EMOTIONS** | $9.15 | $10.23 | $8.12 | $18.35 |
|  |  |  | **Total** | $**1976.87** |

---

**Administrative fee for "Mariah Carey Vol 1"**

The Administrative Fee (i.e., the amount to be paid to our company as a percentage of the value of the royalty payments collected by our company to be distributed to holders of "Mariah Carey Vol 1" Royalty Share Units) is 5.00%.

**Investor Perk**

Purchasers of "Mariah Carey Vol 1" Royalty Share Units are entitled to receive a "Certificate of Authenticity" at no additional cost. See "Plan of Distribution – Investor Perks" for more details.

**THE COMPANY'S BUSINESS**

**Overview of our Company**

Our company is a limited liability company formed on March 18, 2021, pursuant to the Delaware Limited Liability Company Act, or the LLC Act. We founded RoyaltyTraders LLC with the mission to combine crowdfunding, investing, and a social network involving fans to create a robust online marketplace where the public can acquire revenue rights (i.e. Royalty Share Units) related to royalties generated by Music Royalty Assets in their favorite music artists' creations. To this end, we created the SongVest Platform, which allows investors to pick and invest in the royalty streams from compositions by artists, and receive royalty distributions from those assets. Additionally, the SongVest Platform allows investors to impact the success of artists with their albums. Record labels are provided with tools and strategies enabled by the SongVest Platform, such as email marketing, to collectively promote albums, potentially furthering the success of a release, and generating more revenue.

In October 2024, our company underwent a restructuring, whereby we became a wholly-owned subsidiary of, and managed by, SAJA, and certain aspects of our operations – primarily, the ownership and operation of the SongVest Platform – were moved into a newly-formed sister entity, RT2, which is also a wholly-owned subsidiary of, and managed by, SAJA. As a result of this restructuring, our company's sole business operation is the acquisition of Music Royalty Assets and making offers and sales of related Royalty Share Units. *See* "Interest of Management and Others in Certain Transactions" for more information on this restructuring, as well as for a description of certain agreements we entered into in connection with this restructuring.

**Market Opportunity**

SongVest is poised to take advantage of the growth of two industries – the music industry, and the growth of centralized marketplaces and crowdfunding platforms. SongVest intends to provide a means for investors to participate in the success of their favorite artists' music, by purchasing Royalty Share Units that provide pro-rata rights to royalties of songs via a Royalty Share Agreement.

We believe music royalty owners, such as artists, record labels, songwriters, producers and estate heirs, are looking for ways to diversify their holdings and liquidity. The current options for financing music revenue streams are limited. In addition, investors and fans have limited access to music royalty investment opportunities because they usually do not have direct access to the holders of music rights. We believe there is a market opportunity to provide music fans with an opportunity to invest in multiple music royalty streams at a fractional level for as little as $10 to $20.

When we started the SongVest Platform, our goal was not just to be an investment platform, but more importantly serve as a central hub for music fans where we could engage with them, which we thought could help boost streaming and other revenue streams of the artists and record labels. Because our investors are fans and have a vested interest in the success of the music they have invested in, we believe it will be a rewarding experience for them.

We believe the SongVest Platform has the opportunity to advance the investment music space through its portal that is intended to provide updated information on which artist and album is trending across multiple social, sales, and streaming data streams. This is where fans can come to find new investment opportunities and share the investments they have made. Our expertise in music sales and marketing will facilitate music fan and investor interactions and will be sought after not only for investment purposes but also for our music market expertise.

We believe the music industry is poised for continued growth after a decline because of COVID. Goldman Sachs' Music Industry's long-term growth forecast predicts a compound annual growth rate (CAGR) settling in at 6% for the period of 2019 to 2030.

In addition, we have seen more and more fans and artists use centralized marketplaces, such as Kickstarter, Indiegogo, and Patreon to create different revenue streams which supports the thesis that there is a desire and need on the part of royalty owners for opportunities to capitalize on their future royalty earnings today. It is our mission to help facilitate those opportunities for those royalty owners, as well as to facilitate ways for fans of music to invest and earn while also supporting the artists they admire.

**Key Aspects of Our Business**

***SongVest Platform***

The SongVest Platform at www.songvest.com is intended to be a platform that connects investors with different royalty stream investments, and provides further opportunities for the royalty owners to engage with investors and music fans.

The SongVest Platform will have two main goals: (i) the listing of offerings we have for investment; and (ii) serving as a music portal that will provide social, sales, concert and streaming data to showcase the artists and songs that are driving the royalty investments.

The SongVest Platform currently provides to artists and record labels email marketing solutions that allow those parties to engage SongVest to reach out to investors on the SongVest Platform that are collecting royalties on the songs or catalog of songs from the Royalty Share Units they purchased. Through this channel, artists and record labels are able to efficiently communicate about relevant dates for events, concerns, new releases, and other promotions.

Investors in our offerings are able to view the Royalty Share Units they own via the SongVest Platform, as well as view royalty information about payments.

The SongVest Platform is owned and operated by our affiliate, RT2, LLC, which is also wholly-owned and managed by our manager, SAJA. We have contracted for the right to use the SongVest Platform via the Services Agreement, which is described elsewhere in this Offering Circular.

***Pipeline***

We will market to songwriters, producers, publishers and record labels to build the pipeline for investment opportunities, which we will make available on the SongVest portal. While songwriters, producers and publishers are more likely to want to monetize their assets, we believe record labels will see this as a way to directly connect with fans in ways they have not been able to before. We believe the real upside is in being able to educate record labels that this new way to have a direct connection with fans will allow them not only to increase current album revenue but also provide other forms of upsell and cross-sell opportunities to drive more revenue.

**Competition**

Our closest competitors are Royalty Exchange in the US and ANote in Europe. We are currently working on signing up top record labels, artists and obtaining industry backing to lock in SongVest as a first mover status given that our business model is different from the competition.

**Royalty Share Agreements**

It is our intention that each Royalty Share Agreement we enter into will be based on a template royalty agreement that acts as a standard baseline, however, variations may occur. The form of this baseline Royalty Share Agreement is included as an exhibit to the offering statement of which this Offering Circular is part, along with the specific Royalty Share Agreements related to each Music Royalty Asset that is related to an offering we are conducting. Generally, only certain terms of the baseline royalty agreement will be subject to negotiation with each royalty holder. We believe that many royalty owners will not "sell" 100% of their Music Royalty Assets in perpetuity but only sell a portion of them for a certain period of time. Therefore, our royalty agreements will be for a certain percentage of the Music Royalty Asset royalty income and for a certain period of time. We are expecting 30 to 40 year terms. We may also offer shorter term offerings with 3 to 10 year terms for sellers who just need a much shorter term and have a smaller financial need. We expect, though, that each Royalty Share Agreement will be structured as a purchase option agreement, which gives us the right, but not the obligation, to purchase the Music Royalty Asset, typically through the proceeds of the offering for the series related to that Royalty Share Agreement.

**Our Manager**

Under our amended and restated limited liability company agreement, SAJA is designated as manager of our company. SAJA also wholly-owns our company. Throughout this Offering Circular, we refer to SAJA as the manager of our company. Our manager will assist the company in identifying Music Royalty Assets to be acquired using the proceeds from the offerings we conduct.

See "Directors, Executive Officers and Significant Employees" for additional information regarding our manager and its control persons.

**Indemnification of our Manager**

Our amended and restated limited liability company agreement provides that, to the fullest extent permitted by Delaware law, our company will indemnify and hold harmless its members, managers, officers from and against any and all losses, claims, demands, costs, damages, liabilities (joint or several), expenses of any nature (including reasonable attorneys' fees and disbursements), judgments, fines, settlements and other amounts arising from any and all claims, demands, actions, suits or proceedings, whether civil, criminal, administrative or investigative, in which such a party may be involved, or threatened to be involved, as a party or otherwise, arising out of or incidental to the business of our company, regardless of whether such an individual continues to be a member, manager or officer of the Company at the time any such liability or expense is paid or incurred.

**Music Royalty Asset Selection**

Our asset selection criteria were established by our manager and are continually influenced by investor demand and current industry trends. The criteria are subject to change from time to time in the sole discretion of our manager. Although we cannot guarantee positive investment returns on the assets we acquire, we endeavor to select assets that are projected to generate positive return on investment, primarily based upon the asset's historical performance data and assumptions about its ability to produce future royalty income. Our manager will endeavor to select assets with known royalty income history that have the opportunity to continue to produce royalty income for years to come. Our manager also considers the artist, the release date, top chart position, current social media statistics and other data points that might influence the future earnings of the song or songs represented in the Music Royalty Asset.

We will partner with artists, songwriters, producers, royalty owners and record labels to select songs, albums, and catalogs to be subject to a Royalty Share Agreement. We may select and bundle artists and albums for certain series of Royalty Share Units based on genre, relative success of past albums, fan base demographics, or other factors that make such assets fit together as a cohesive package.

***Sourcing***

We have sales reps that will engage potential artists, record labels and songwriters who are interested in participating in our offerings. They will qualify potential prospects and work with them to understand the opportunity and pull the appropriate materials together. Sales reps are, and will be, paid via commission only on the value of deals sourced and closed upon by the company that such sales reps have introduced to our company.

As compensation for these services, our company will receive a Sourcing Fee a percentage of the "purchase price" – i.e., price to purchase the asset set forth in the applicable Royalty Share Agreement for a Music Royalty Asset. The Sourcing Fee will generally be set based on the level of difficulty and costs related to sourcing the particular Music Royalty Asset related to the series of Royalty Share Units. The "purchase price" is determined by the company in its sole discretion - however, may utilize a "second price" auction to help determine an appropriate purchase price for an asset. The Sourcing Fee will be determined for each offering in the sole discretion of our manager, and may be waived by our manager at its discretion.

***Due Diligence***

When evaluating an asset, we will consider the growth, its potential, historical significance, ownership history, past valuation of the asset and comparable assets. Our diligence process will include a review of public auction data, opinions from music advisors in our network, precedent and comparable transactions, among other metrics. We will also complete diligence on the royalty owners themselves and their assets. We will validate that there are no tax liens, divorce decrees, UCC filings or other factors that might encumber or impact the future royalty streams. The diligence process will be a part of a memo that will be put together for an investment review.

***Asset Management***

Management of Music Royalty Assets we acquire will involve management of the relationship with the royalty rights holders, as well as oversight of compliance with the terms of the Royalty Share Agreements entered into by the company and royalty holders, to ensure that the company is receiving all payments owed to it pursuant to the terms of the applicable Royalty Share Agreement. The company will monitor the royalty distributions that are due on Music Royalty Assets and will allocate royalty streams to the right owners in a timely manner after such distributions are received by the company.

As compensation for such services, our company will receive an Administrative Fee equal to a certain percentage (up to a maximum of 10%) of value of the royalty payments collected by our company to be distributed to holders of the Royalty Share Units. Such percentage will be determined by for each series on an individual basis. We note that Administrative Fees will only be deducted from distributions actually made to holders of Royalty Share Units—and if there are no royalty payments paid, no Administrative Fees will be received by our company.

**Employees**

The company does not currently have any employees. Pursuant to the Services Agreement entered into with its affiliate and sister-company, RT2, RT2 provides our company access to RT2's staff, technology, administration and marketing/sales support functions as necessary for us to carry out our business.

**Government Regulation**

The types of music royalties available to our company are governed by U.S. copyright law. The Copyright Act establishes compulsory license fees for musical works categorized as "mechanical royalties" along with the writers share and publishers share of music copyright. Additionally, we may utilize other types of royalty streams, like producers share or other specific royalty generating areas that can be contractually secured.

**Legal Proceedings**

None of our company or our manager is presently subject to any material legal proceedings.

**Allocations of Expenses**

To the extent relevant, Offering Expenses, Acquisition Expenses, Operating Expenses, revenue generated from Music Royalty Assets made by our company will be allocated amongst the various series of Royalty Share Units. By way of example, it is anticipated that revenues and expenses will be allocated as follows:

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| | | |
|:---|:---|:---|
| **Revenue or Expense Item** | **Details** | **Allocation Policy (if revenue or expense is not <br>clearly allocable to a specific Music Royalty Asset)** |
| *Revenue* | Revenue from royalty income | Allocable pro rata to the holders of the related Royalty Share Units after deduction of expenses. |
| *Offering Expenses* | Filing expenses related to submission of regulatory paperwork for a series of Royalty Share Units<br>Professional expenses related to the submission of regulatory paperwork for a series of Royalty Share Units<br>Audit and accounting work related to the regulatory paperwork or<br>Escrow agent fees for the administration of escrow accounts related to each series of Royalty Share Units<br>Compliance work including diligence related to the preparation of a series | The amount to be recovered by our company as stated in the Use of Proceeds above.<br>The amount to be recovered by our company as stated in the Use of Proceeds above.<br>The amount to be recovered by our company as stated in the Use of Proceeds above.<br>The amount to be recovered by our company as stated in the Use of Proceeds above.<br>The amount to be recovered by our company as stated in the Use of Proceeds above. |
| *Sourcing Fee* | Compensation for due diligence and efforts to secure a Music Royalty Asset | The amount to be recovered by our company as stated in the Use of Proceeds above. |
| *Administrative Fee* | Compensation for administration of the royalty payments to holders of the Royalty Share Units | Amount to be paid to our company is a percentage (not to exceed 10%) of the value of the royalty payments collected by our company to be distributed to holders of each series of Royalty Share Units. Such percentage will be determined on a series by series basis by our company. |

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Notwithstanding the foregoing, our manager may revise and update the allocation policy from time to time in its reasonable discretion without further notice to investors.

**DESCRIPTION OF PROPERTY**

The company uses office space at 1053 East Whitaker Mill Road, Suite 115, Raleigh, NC 27604. This office space is leased by our SAJA, our manager, who permits us to use this office space at no cost to our company.

We believe that all this property is suitable and adequate for our business as most employees are working remotely.

**MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION**

*The following discussion and analysis of our financial condition and results of operation should be read in conjunction with our financial statements and the related notes included in this offering circular. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward-looking statements. Our financial statements for the year ended December 31, 2023 have been audited by Armanino, LLP. Our financial statements for the year ended December 31, 2024 have been audited by Cherry Bekaert LLP.*

**Overview**

Since its formation in March 2021 through October 2024 our company has been engaged primarily in two areas: selling music catalogs and advances to our customers at auction as well as building the infrastructure to support our new royalty share model by developing the financial, offering and other materials to begin our offerings of Royalty Share Units.

In October 2024, our company underwent a restructuring, whereby we became a wholly-owned subsidiary of, and managed by, SAJA, and certain aspects of our operations – primarily, the ownership and operation of the SongVest Platform – were moved into a newly-formed sister entity, RT2, which is also a wholly-owned subsidiary of, and managed by, SAJA. As a result of this restructuring, our company's sole business operation is the acquisition of Music Royalty Assets and making offers and sales of related Royalty Share Units. *See* "Interest of Management and Others in Certain Transactions" for more information on this restructuring, as well as for a description of certain agreements we entered into in connection with this restructuring.

We are considered to be a development stage company, since we are devoting substantially all of our efforts to establishing our business and planned principal operations have only recently commenced.

**Operating Results**

***For the Six Months Ended June 30, 2025 and 2024***

*Operating Expenses.* From January 1, 2025 through June 30, 2025, we incurred $96,397 in operating expenses, a substantial decrease compared to $651,913 in operating expenses incurred during the six months ended June 30, 2024. The most significant component of our operating expenses during the six months ended June 30, 2025 was $63,100 in general & administrative expenses consisting of legal and audit fees incurred in connection with our Regulation A offering(s). The second largest component of our operating expenses during the six months ended June 30, 2025 was marketing & sales expenses of $33,297 incurred in connection with sales and marketing efforts related to our business Regulation A offering(s). In comparison, for the period January 1, 2024 through June 30, 2024, $357,947 was for sales and marketing efforts, $243,082 was for payments to contractors, and the remainder of $50,884 for general and administrative costs. The decrease in marketing & sales expense from prior year is due to our company paying for general advertising and sales consulting support which the company did not continue during the six months ended June 30, 2025. Operating expenses for the period ended June 30, 2025 were significantly lower due to our company divesting its private catalog and advance business and the associated expenses as part of the October 2024 Restructuring.

*Amortization & Depreciation Expense.* From January 1, 2025 through June 30, 2025, we incurred $11,323 in straight line amortization expense related to the capitalized filing costs asset with a 3 year useful life which was placed in service in December 2024, compared to $24,045 in depreciation expense for the six months ended June 30, 2024 related to the capitalized software asset which was transferred out of our company as part of the October 2024 Restructuring along with the associated accumulated depreciation balance.

*Interest Expense.* From January 1, 2025 through June 30, 2025, we incurred $60,005 in interest expense on our outstanding promissory notes detailed further below in this section under "*Indebtedness*", compared to $98,480 in interest expense we incurred on our outstanding promissory notes from January 1, 2024 through June 30, 2024. This decrease in interest costs is due to the related party promissory notes and associated accrued interest balances being transferred from our company to SAJA LLC in March 2025. Additionally, interest expense of $0 and $6,511 on short term credit was paid during the six months ended June 30, 2025 and 2024, respectively.

*Net Loss*. As a result of the foregoing, we incurred a net loss of $91,702 for the period from January 1, 2025 through June 30, 2025 compared to a net loss of $431,165 for the period from January 1, 2024 through June 30, 2024.

We have normal operating expenses as well as planned additional expenses related to infrastructure investment needed to support our business operations. Our company will be responsible for its own operating expenses, as well as certain offering expenses applicable to our offerings of a series of Royalty Share Units.

***For the years ended December 31, 2024 and December 31, 2023***

*Operating Expenses.* For the year ended December 31, 2024, we incurred operating expenses of $914,563. For the year ended December 31, 2023, we incurred operating expenses of $1,407,492. Average monthly expenses decreased between FY 2024 ($76,213) and FY 2023 ($117,291) due to the re-allocation of private catalog and advance sales revenue and expenses from RoyaltyTraders LLC to RT2 LLC after the October 2024 restructuring. While revenue decreased by 24.2% from FY 2023 to FY 2024, operating expenses decreased by 35% in the same period.

For the year ended December 31, 2024 the most significant component of our operating expenses consisted of marketing & sales expenses incurred in connection with sales efforts related to our business of selling music catalogs, advances, and offerings of Royalty Share Units, which comprised approximately 45% of our operating expenses in the year ended December 31, 2024. Marketing & sales expenses comprised approximately a third of our operating expenses in the year ended December 31, 2023. The next largest component at approximately 40% of operating expenses for the year ended December 31, 2024 were contractor payments to our internal team members. Contractor payments were the largest component piece of operating expenses in 2023 at half of operating expenses in 2023. The final component is general & administrative expenses, which were primarily comprised of legal and audit services and made up approximately 15% of operating expenses for the year ended December 31, 2024 and 2023. The company recorded $37,573 in straight line depreciation expense for capitalized software in service on January 1, 2024 and additions placed into service in throughout the 2024 fiscal year through the October 2024 restructuring date, at which time capitalized software and the associated accumulated depreciation was transferred out of the company. The company also recorded $938 in straight line amortization expense for capitalized filing costs placed into service throughout the 2024 fiscal year. The capitalized filing costs have a 3-year useful life. We transferred out of the company the balance of accounts receivable and the associated provision for bad debts as part of the restructuring. There are no receivables associated with company revenue at the 2024 year end. The remainder of operating expenses during the year ended December 31, 2024 were general & administrative expenses, which were primarily comprised of legal and audit services.

While operating expenses decreased across all expense categories from 2023 to 2024, the largest decrease in operating expenses from 2023 to 2024 was in contractor payments to our internal team members which were lower in 2024 than in 2023 due to the move towards a smaller and more efficient team of personnel as well as the fact that wages were re-allocated to the sister subsidiary of RoyaltyTraders LLC, RT2, starting in October 2024 with the restructuring. Decreases in sales and marketing expenses were due to reduced selling expenses as revenue was less for 2024 compared to 2023. General & administrative expenses decreased in 2024 compared with 2023 due to the fact costs associated with our fundraising were incurred in 2023 and such costs were negligible for 2024.

*Interest Expense.* For the year ended December 31, 2024, we incurred total interest expense of $203,217 on short term credit and our outstanding promissory notes detailed further below in this section under "*Indebtedness*".

For the year ended December 31, 2023, we incurred $179,166 in interest expense on short term credit and our outstanding promissory notes detailed further below in this section under "*Indebtedness*".

*Net Loss*. As a result of the foregoing, we incurred a net loss of $522,309 for the year ended December 31, 2024, as compared to a net loss of $686,087 for the year ended December 31, 2023.

**Offerings Summary**

A summary of the offerings of Royalty Share Units under all of our offering statements that have closed, and the Sourcing Fees we have earned in connection with those offerings, is set forth below. Additionally, to the extent we have earned Administrative Fees on distributions made to investors in those offerings, that is also set forth in the table below.

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Royalty Share Unit Name** | **Underlying Asset of<br> Royalty Share Agreement** | **Term of Royalty <br>Share Agreement** | **Closing<br> Date** | **Final Amount<br> Sold** | **Sourcing<br> Fee** | **Distributions Paid<br>To Holders of Royalty<br> Share Units<sup>(1)</sup>** | **Administrative Fees<br>Earned<sup>(1)(2)</sup>** |
| "Hit The Quan" | "Hit the Quan" Producer's Share (100%) | Life of the Copyright | February 22, 2022 | $31200 | $0.00 | $22912.50 | $2547.36 |
| "Chippass" | "Chippass" Record Label's Share (90%) | Life of the Copyright | October 13, 2022 | $27750 | $3827.59 | $9769.11 | $513.48 |
| "Fear No More" | "Fear No More" Writer's Share (40%) | Life of the Copyright | December 22, 2022 | $14000 | $1724.00 | $5461.40 | $285.74 |
| "Cross Me" | "Cross Me" Writer's Share (50%) | Life of the Copyright | February 6, 2023 | $12300 | $1475.55 | $2466.84 | $141.42 |
| "Onyx, Travis Scott, The Notorious B.I.G. & More" | "Onyx, Travis Scott, The Notorious B.I.G. & More" Writer's Share (excluding public performance) (100%) & Publisher's Share (100%) | Life of the Copyright | February 2, 2023 | $64500 | $8689.66 | $22424.50 | $1311.88 |
| "Young L" | "Young L" Writer's Share (100%) & Co-Publisher's Share (100%) | Life of the Copyright | March 14, 2023 | $20394 | $2812.97 | $8591.22 | $454.54 |
| "Beyonce - Countdown and More" | Beyonce - Countdown and More" Writer's Share (61%) | Life of the Copyright | May 1, 2023 | $104400 | $15693.10 | $25682.40 | $1352.36 |
| "Erik Cain" | "Erik Cain" Sound Recording Owner's Share (90%) | Life of the Copyright | March 24, 2023 | $29800 | $3903.45 | $7175.84 | $380.29 |
| "Diggin On You – TLC Version" | "Diggin On You – TLC Version" Sound Recording Owner's Share (50%) | Life of the Copyright | December 28, 2023 | $22000 | $0.00 | $290.00 | $15.70 |
| "Swish Swish" | "Swish Swish" Writer's Share (100%) & Publisher's Share (100%) | Life of the Copyright | January 16, 2024 | $36300 | $5006.90 | $4283.40 | $224.33 |
| "No Scrubs – TLC Version" | "No Scrubs – TLC Version" Sound Recording Owner's Share (50%) | Life of the Copyright | September 21, 2024 | $78800 | $0.00 | $7550.76 | $395.32 |

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Royalty Share Unit Name** | **Underlying Asset of<br> Royalty Share Agreement** | **Term of Royalty <br>Share Agreement** | **Closing<br> Date** | **Final Amount<br> Sold** | **Sourcing<br> Fee** | **Distributions Paid<br>To Holders of Royalty<br> Share Units<sup>(1)</sup>** | **Administrative Fees<br>Earned<sup>(1)(2)</sup>** |
| "Creep – TLC Version" | "Creep – TLC Version" Sound Recording Owner's Share (50%) | Life of the Copyright | September 21, 2024 | $41500 | $0.00 | $1484.00 | $80.16 |
| Beyonce – "Countdown" and More (Series 2) | "Beyonce – Countdown and More" Writer's Share (39%) | Life of the Copyright | September 21, 2024 | $39300 | $6820.66 | $1836.96 | $96.74 |
| "No Scrubs – TLC Version" (Series 2) | "No Scrubs – TLC Version" Sound Recording Owner's Share | Life of the Copyright | April 30, 2025 | $4800 | $0.00 | $2180.50 | $114.59 |
| "Creep – TLC Version" (Series 2) | "Creep – TLC Version" Sound Recording Owner's Share | Life of the Copyright | April 30, 2025 | $3000 | $0.00 | $35.00 | $1.74 |
| "Beyonce's Radio" | "Beyonce's Radio" Producer's Share | Life of the Copyright | April 30, 2025 | $9972 | $3104.23 | $0.00 | $0.00 |
| Beyonce – "Countdown" and More (Series 3) | "Beyonce – "Countdown" and More" Writer's Share | Life of the Copyright | April 30, 2025 | $33192 | $10332.50 | $2331.80 | $122.80 |
| "Young Thug – Best Friend" | "Best Friend" Writer's Share | Life of the Copyright | April 30, 2025 | $9648 | $3003.37 | $0.00 | $0.00 |
| Queen "Under Pressure" | "Under Pressure" Producer's Share | Life of the Copyright | April 30, 2025 | $66836 | $32735.64 | $586.72 | $30.86 |
| Queen "I Want It All" | "I Want It All Producer's Share | Life of the Copyright | April 30, 2025 | $17150 | $8399.81 | $64.89 | $3.37 |
| Queen "The Show Must Go On" | "The Show Must Go On" Producer's Share | Life of the Copyright | April 30, 2025 | $12642 | $6191.94 | $109.80 | $5.84 |
| Queen "Bohemian Rhapsody Soundtrack" | "Bohemian Rhapsody Soundtrack" Producer's Share | Life of the Copyright | April 30, 2025 | $36652 | $17951.85 | $416.89 | $21.85 |
| Queen "A Kind of Magic" | "A Kind of Magic" Producer's Share | Life of the Copyright | April 30, 2025 | $12446 | $6095.86 | $163.41 | $8.59 |
| "Anything At All – 2024 Version" | "Anything At All – 2024 Version" Sound Recording Owner's Share | Life of the Copyright | April 30, 2025 | $5292 | $1091.74 | $0.00 | $0.00 |
| "Duran Duran's Ordinary World" | "Duran Duran's Ordinary World" Sound Recording Owner's Share | Life of the Copyright | April 30, 2025 | $16821 | $3471.00 | $1126.80 | $59.24 |
| "Duran Duran's Come Undone" | "Duran Duran's Come Undone" Sound Recording Owner's Share | Life of the Copyright | April 30, 2025 | $14931 | $3081.00 | $162.27 | $8.51 |
| "Zardonic's Raise Hell" | "Zardonic's Raise Hell" Sound Recording Owner's Share | Life of the Copyright | April 30, 2025 | $0.00 | $0.00 | $0.00 | $0.00 |
| "Jimmie Allen's Down Home" | "Jimmie Allen's Down Home" Sound Recording Owner's Share | Life of the Copyright | April 30, 2025 | $0.00 | $0.00 | $0.00 | $0.00 |
| "Jimmie Allen's Freedom Was A Highway" | "Jimmie Allen's Freedom Was A Highway" Sound Recording Owner's Share | Life of the Copyright | April 30, 2025 | $0.00 | $000 | $0.00 | $0.00 |
| "Jimmie Allen's Best Shot" | "Jimmie Allen's Best Shot" Sound Recording Owner's Share | Life of the Copyright | April 30, 2025 | $0.00 | $000 | $0.00 | $0.00 |

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(1) Represents amounts as of the date of this offering circular.

(2) Administrative fees are 5% for all Offerings aside from "Hit the Quan" which has Administrative fees of 10%.

We have normal operating expenses as well as planned additional expenses related to infrastructure investment needed to support our business operations. Our company will be responsible for its own operating expenses, as well as certain offering expenses applicable to our offerings of a series of Royalty Share Units.

**Liquidity and Capital Resources**

As of June 30, 2025, our company had $55,200 in cash on hand for operations compared to $26,907 on June 30, 2024. On September 27, 2024, our company terminated its Regulation A offering, including all offerings of its Royalty Share Units, as the company's Regulation A offering was originally qualified on September 28, 2021, and as such, had been open for three years, which is the maximum amount of time that a Regulation A offering can remain open. As such, as of the date of this Offering Circular, the company will not be generating revenues from Sourcing Fees earned in connection with our offerings of Royalty Share Units until such time as this offering statement is qualified, and our company is able to conduct its offerings again. Additionally, as a result of the restructuring, our company is no longer still selling music catalogs and advances to our customers at auctions conducted on our SongVest Platform and earning Administrative Fees in connection with distributions made to investors in the Company's Royalty Share Units.

Sourcing Fees and Administrative Fees earned to date by our company total approximately $145,413 and $8,109, respectively, through the date of this offering circular. Our company believes it will have sufficient funding from a combination of revenues from its current, alternative SongVest Platform operations, as well as Sourcing Fees and Administrative Fees to satisfy our cash requirements for the next twelve months to implement our plan of operations. If we are not able to obtain sufficient funding from our revenues to implement our plan of operations, we will consider seeking additional financing from outside sources, including debt and/or equity financing opportunities.

These facts and circumstances raise substantial doubt about the Company's ability to continue as a going concern.

As of June 30, 2025, we had a total of $11,443 of "restricted cash" - which represents various pools of restricted cash including cash received in advance from investors to purchase music royalty streams, royalties received for distribution to purchasers of our Royalty Share Units, and funds due to the company's affiliate, RT2. The total amount of $11,443 was comprised of music royalties collected but not yet distributed to holders of our Royalty Share Units. As of the year ended December 31, 2024, "restricted cash" was $968,880 on hand with $956,956 of that amount for a "Due to Affiliate" payable to RT2, and $11,919 was due to royalty distributions to our holders of Royalty Share Units. Of the decrease between December 31, 2024 and June 30, 2025 of $957,437, $956,956 is for the payment of the inter-company payable due to RT2 and the remaining $481 decrease is due to the change in royalties collected for and distributed to holders of our Royalty Share Units.

**Issuances of Equity**

During October 2024, our company assigned all outstanding equity units to SAJA LLC as part of the October 2024 Restructuring.

**Indebtedness**

During March 2025, our company assigned all outstanding related-party debt and associated accrued interest balances to SAJA LLC as part of the October 2024 Restructuring, apart from the March 27, 2023 promissory note described below.

On March 27, 2023 the company issued a promissory note to a non-affiliate of the company in exchange for a $100,000 loan, the terms of which are set forth in a promissory note issued to this lender by the company. The promissory note originally matured on July 31, 2023 with interest accruing at 10% per annum through July 31, 2023 and then 2% per month through December 31, 2023. The amounts outstanding under the promissory note are secured against our company's assets, and the holder of the note has a priority interest over other debtors of the company, which requires that the company repay this note prior to repaying any other indebtedness of the company. The balance of the promissory note is still outstanding as of the date of this offering circular. Out of the total accrued interest of $12,000 as of June 30, 2025, $8,000 had been to the lender during the six months ended June 30, 2025. The promissory note was subsequently amended to extend the maturity date to January 31, 2025, and again to December 31, 2025 with the interest rate being set at 2% per month from January 1, 2024 onwards. Subsequent to December 31, 2025, the holder of the promissory note extended the maturity date of the note by six months to June 30, 2026. This extension was not pursuant to a formal amendment to the promissory note agreement. The company intends to use a portion of the proceeds from the TLC offerings of Royalty Share Units to repay this promissory note. A copy of this promissory note and the amendment are filed as exhibits to the offering statement of which this offering circular forms a part. This note is the only outstanding promissory note of the company as of the date of offering circular.

**Plan of Operations & Trend Information**

We plan to launch approximately 10 to 15 additional offerings in the next twelve months to fund the purchase of additional Music Royalty Assets.

We intend to generate revenue from the Sourcing Fees that our company earns from sourcing Music Royalty Assets that are purchased using the proceeds of our offerings, and from Administrative Fees earned from the management of royalty streams due to Royalty Share Unit holders pursuant to the applicable Royalty Share Agreements entered into by the company.

We believe that we will receive sufficient funding from a combination of revenues from Sourcing Fees and Administrative Fees to satisfy our cash requirements for the next twelve months to implement the foregoing plan of operations.

**DIRECTORS, EXECUTIVE OFFICERS AND SIGNIFICANT EMPLOYEES**

Our company has no direct employees or officers. Our company operates under the direction of our manager and parent-company, SAJA, which is responsible for directing the operations of our business, directing our day-to-day affairs, and implementing our investment strategy.

SAJA is managed by Sean Peace and Alexander Guiva, who were the original founders of our company, and previously served as the managers of our company.

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name** | **Position** | **Age** | **Term of Office (Beginning)** | **Approximate hours per week<br> for part-time employees** |
| Sean Peace | Manager | 56 | March 2021 | Full-time |
| Alexander Guiva | Manager | 46 | March 2021 | Part-time (10 hours) |

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***Sean Peace.*** Mr. Peace created the original SongVest in 2007 to sell royalties as memorabilia. That led to the creation of Royalty Exchange, the first online market to buy and sell music royalties at auction. Having sold Royalty Exchange in 2015, he has been working on implementing his vision to create the first royalty market exchange platform where fans can invest in their favorite artists via SongVest Records. From 2018 to January 2020 he has been CTO of Curbside Kitchen, a SaaS company that schedules food truck services for commercial and residential locations. From May 2011 until December 2015 he served as Founder and President of Royalty Exchange which was sold in 2015 and still operates today. From November 2008 to May 2011, Mr. Peace had various positions including as partner at Group 19 and Schmooze.me where he had leadership positions overseeing sales and marketing. Prior to these two startup companies, Mr. Peace was a partner and consultant at several companies focusing on business development, operations, and strategic alliances. In March 2021, Mr. Peace founded our company together with Mr. Guiva, and has served as its manager since its inception (now indirectly serving as manager of the company through his position as manager of SAJA, which was formed in October 2024). Mr. Peace received his Bachelor of Economics from the University of North Carolina Chapel Hill in 1991.

***Alexander Guiva.*** Mr. Guiva is a co-founder of RoyaltyTraders LLC. Over the last fifteen years, Mr. Guiva has been an investor in the technology, music, food and manufacturing companies in the US and internationally and closed more than 50 M&A transactions. He serves as Chairman of DevelopScripts LLC dba AuctionSoftware.com, a white-label subscription-based digital platform allowing users to organize, manage, and conduct auctions through a centralized medium facilitating business transactions as well as fundraising efforts. Mr. Guiva is an active investor in the music royalty space, as featured in the Forbes magazine, and his portfolio of royalty assets include works by Cardi B, Cage The Elephant, Dire Straits, Willow Smith, Madcon and others. In March 2021, Mr. Guiva founded our company together with Sean Peace, and has served as its manager since its inception (now indirectly serving as manager of the company through his position as manager of SAJA, which was formed in October 2024). Mr. Guiva graduated with a BA in Economics from Lyon College.

There are no family relationships between any manager, director, executive officer, person nominated or chosen to become a director or executive officer or any significant employee.

To the best of our knowledge, none of our manager, directors or executive officers has, during the past five years:

● been convicted in a criminal proceeding (excluding traffic violations and other minor offences); or

● had any petition under the federal bankruptcy laws or any state insolvency law was filed by or against, or a receiver, fiscal agent or similar officer was appointed by a court for the business or property of such person, or any partnership in which he was general partner at or within two years before the time of such filing, or any corporation or business association of which he was an executive officer at or within two years before the time of such filing.

***Responsibilities of our Manager***

Our manager will be responsible for directing the operations of our business, directing our day-to-day affairs, and implementing our investment strategy. Such responsibilities will include, but are not limited to, the following:

● Identifying, evaluating, and negotiating Music Royalty Asset acquisitions;

● managing Music Royalty Assets on behalf of our company and investors in Royalty Share Units;

The responsibilities of our manager include the following:

*Asset-Related Services*

● identify, evaluate, and negotiate Music Royalty Asset acquisitions;

● manage acquired Music Royalty Assets to ensure payments on Royalty Share Units, and coordinate required distributions to Royalty Share Unit holders.

● evaluate any potential asset takeover offers from third parties, which may result in asset dispositions, sales or other liquidity transactions;

● structure and negotiate the terms and conditions of transactions pursuant to which the assets may be sold or otherwise disposed;

● determine the Sourcing Fee for each offering.

● determine the Administrative Fee (between 0% and 10%) of the amount distributed to Royalty Share Unit holders.

*Services in Connection with the Offering*

● develop offering materials, including the determination of its specific terms and structure and description of the specific Music Royalty Asset;

● create and submit all necessary regulatory filings, including, but not limited to, Commission filings and financial audits, and coordinate with our broker-dealer, lawyers and accountants as necessary in such processes;

● prepare all marketing materials related to this offering;

● together with our broker-dealer, coordinate the processing and acceptance of subscription agreements and other administrative support functions;

● create and implement various technology services, transactional services and electronic communications related to this offering, including management of the SongVest Platform;

● all other necessary offering-related services;

*Investor Relations Services*

● provide any appropriate updates related to investors in Royalty Share Units related to certain Music Royalty Assets electronically or through the SongVest Platform or otherwise;

● manage communications with Royalty Share Unit holders, including answering e-mails and preparing and sending written and electronic reports and other communications;

● establish technology infrastructure to assist in providing interest holder support and services;

● maintain accounts for the benefit of the company;

*Administrative Services*

● manage and perform the various administrative functions necessary for our day-to-day operations, either directly, or through affiliates;

● provide financial and operational planning services to our company;

● maintain accounting data and any other information concerning our activities as will be required to prepare and to file all periodic financial reports and required to be filed with the Commission and any other regulatory agency, including annual and semi-annual financial statements;

● maintain all appropriate books and records for our company;

● obtain and update market research and economic and statistical data in connection with our Music Royalty Assets;

● oversee tax and compliance services and risk management services and coordinate with appropriate third parties, including independent accountants and other consultants, on related tax matters;

● supervise the performance of such ministerial and administrative functions as may be necessary in connection with our daily operations;

● provide all necessary cash management services;

● manage and coordinate with the transfer agent, if any, the process of making distributions and payments to Royalty Share Unit holders or the transfer or resale of Royalty Share Units as may be permitted by law;

● evaluate and obtain adequate insurance coverage for the Music Royalty Asset based upon risk management determinations;

● provide timely updates related to the overall regulatory environment affecting our company, as well as managing compliance with regulatory matters;

● evaluate our corporate governance structure and appropriate policies and procedures related thereto; and

● oversee all reporting, recordkeeping, internal controls and similar matters in a manner to allow us to comply with applicable law.

***Compensation of the Manager***

The company does not intend to compensate the manager for its services as the company's manager. For the avoidance of doubt, our company will retain all Administrative and Sourcing Fees earned.

**COMPENSATION OF DIRECTORS AND EXECUTIVE OFFICERS**

For the year ended December 31, 2025, our company did not compensate our manager. The company does not intend to compensate the manager for its services as the company's manager. For the avoidance of doubt, our company will retain all Administrative and Sourcing Fees earned.

**SECURITY OWNERSHIP OF MANAGEMENT AND CERTAIN SECURITYHOLDERS**

The following table sets forth information regarding beneficial ownership of our company's management, directors, and holders of 10% or more of any class of our voting securities as of March 4, 2026.

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| | | | |
|:---|:---|:---|:---|
| **Title of class** | **Amount and<br>nature of<br>beneficial<br>ownership** | **Amount and<br>nature of<br>beneficial<br>ownership<br>acquirable** | **Percent of<br>total voting<br>power<sup>1</sup>** |
| -**<sup>1</sup>** SAJA LLC, 1053 East Whitaker Mill Rd., Suite 115, Raleigh, NC 27604<sup>2</sup> | 100%<sup>1</sup> |  | 100% |

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<sup>1</sup> The company's amended and restated limited liability company agreement does not authorize limited liability company interests. Rather, SAJA LLC is listed as the company's sole member and manager with full control over the management of the company.

<sup>2</sup> SAJA is owned and controlled by Sean Peace (who holds 75.4% of the voting power in SAJA) and Alex Guiva (who holds approximately 13.7% of the voting power of SAJA.

**INTEREST OF MANAGEMENT AND OTHERS IN CERTAIN TRANSACTIONS**

***Contribution And Exchange Agreement***

On October 17, 2024, in connection with the October 2024 restructuring, Sean Peace entered into a Contribution and Exchange Agreement with SAJA, pursuant to which Mr. Peace agreed to issue all of his membership interests in our company, comprised of 20,100 Series A Units and 1,800,000 Common Units, in exchange for 20,100 Series A Units and 1,800,000 Common Units of SAJA. A copy of this agreement is filed as an exhibit to the offering statement of which this offering circular forms a part.

On October 17, 2024, in connection with the October 2024 restructuring, Alex Guiva entered into a Contribution and Exchange Agreement with SAJA, pursuant to which Mr. Guiva agreed to issue all of his membership interests in our company, comprised of 250,000 Series A Units and 116,060 Common Units, in exchange for 250,000 Series A Units and 116,060 Common Units of SAJA. A copy of this agreement is filed as an exhibit to the offering statement of which this offering circular forms a part.

***Asset Transfer Agreement with RT2***

On October 17, 2024, in connection with the October 2024 restructuring, we entered into an Asset Transfer Agreement with our affiliate, RT2, as well as our parent company and manager, SAJA, pursuant to which our company transferred to RT2 all of its right, title and interest to the assets of the company that relate to the SongVest Platform. As a result of this transaction, RT2 became the owner and operator of the SongVest Platform.

A copy of this agreement is filed as an exhibit to the offering statement of which this offering circular forms a part.

***Services Agreement with RT2***

On October 11, 2024, we entered into a services agreement (the "Services Agreement") with our affiliate, RT2, which owns and operates the SongVest Platform. Pursuant to the Services Agreement, RT2 agreed to provide staff, technology, administration and marketing/sales support functions to our company as necessary to carry out our intended business of acquiring Music Royalty Assets and offering and selling Royalty Share Units related to those Music Royalty Assets. In particular, RT2 agreed to allow our company to utilize the SongVest Platform to market and conduct its offerings of Royalty Share Units. In consideration for the services to be provided by RT2, our company agreed to pay to RT2, on a monthly basis, twenty percent (20%) of monthly net income earned by our company (which will earned solely from Sourcing Fees and Administrative fees). For the avoidance of doubt, payments to RT2 under the Services Agreement are not considered offering expenses"

The Services Agreement has an unlimited term, and may be terminated at any time by the mutual written agreement of the parties.

A copy of the Services Agreement is filed as an exhibit to the offering statement of which this offering circular forms a part.

***Royalty Share Agreements with Related Parties***

The "Duran Duran's Ordinary World" and "Duran Duran's Come Undone" Royalty Share Agreements described elsewhere in this offering circular are each between our company and Alex Guiva, a member of our manager, who is the seller of the rights under these agreements.

The following Royalty Share Agreements are between the company and Sean Peace, a member of our manager, who is the seller of the rights under these agreements:

● Kenny G. & Luther Vandross - Vol. 1 Royalty Share Agreement

● Michael Bolton – Vol. 1 Royalty Share Agreement

● Michael Bolton – Vol. 2 Royalty Share Agreement

● Mariah Carey – "Without You" Royalty Share Agreement

● Mariah Carey – "Hero" Royalty Share Agreement

● Mariah Carey – "One Sweet Day" Royalty Share Agreement

● Mariah Carey – "Love Takes Time" Royalty Share Agreement

● Mariah Carey – Vol. 1 Royalty Share Agreement

Each of these agreements is filed as an exhibit to the offering statement of which this offering circular forms a part.

**SECURITIES BEING OFFERED**

*The following is a summary of the principal terms of, and is qualified by reference to, the subscription agreement, attached hereto as Exhibit 4, relating to the purchase of the Royalty Share Units offered hereby. This summary is qualified in its entirety by reference to the detailed provisions of that agreement, which should be reviewed in their entirety by each prospective investor. In the event that the provisions of this summary differ from the provisions of the subscription agreements, the provisions of the subscription agreement shall apply.*

**General**

Our company is offering Royalty Share Units corresponding to specific Music Royalty Assets of our company. Our company has acquired the option to purchase the rights to the Music Royalty Assets by entering into Royalty Share Agreements with the underlying royalty holders. The Royalty Share Agreements are structured as a purchase option agreement, which gives us the right, but not the obligation, to purchase a specific Music Royalty Asset subject to the agreement through the proceeds of the series offering related to that Royalty Share Agreement. Once the company has received sufficient proceeds from an offering of its Series of Royalty Share Units, it will exercise the option, and purchase the Music Royalty Asset pursuant to the applicable Royalty Share Agreement. The Royalty Share Units provide investors with the pro rata right to cash flow generated pursuant to the Royalty Share Agreements, following the deduction of Administrative Fees by our company. The number of Royalty Share Units per Music Royalty Asset is fixed, and is identified on the "Royalty Share Unit Offering Table" above.

**Electronic Issuance**

All Royalty Share Units will be issued in electronic form only, and will be maintained through the SongVest Platform.

**Minimum Purchase Amount**

Investments may be made in denominations of $10 and integral multiples of $10.

**Distributions to Holders of Royalty Share Units**

As stated above, the Royalty Share Units provide investors with the pro rata right to cash flow (consisting of music royalties) generated pursuant to a particular Royalty Share Agreement, following the deduction of Administrative Fees (as described below) by our company.

As royalties are paid to our company pursuant to a Royalty Share Agreement, we will place all those royalties in a designated bank account. Each calendar quarter, all royalties received by our company pursuant to that Royalty Share Agreement will be distributed to the applicable Royalty Share Unitholders who are holding Royalty Share Units at the time of the distribution, after deducting the Administrative Fee. Administrative Fees will only be deducted from distributions actually made to holders of Royalty Share Units in a particular quarter—and if there are no royalty payments paid, no Administrative Fees will be received by our company in that particular quarter.

In some instances, an artist's royalty payments may be made more or less frequently than quarterly. If multiple royalty payments are made in a single quarter, the company will accrue those royalty payments, and we will make one single distribution to Royalty Share Unitholders (minus our Administrative Fee) at the end of the calendar quarter in which those payments were received. Conversely, if royalty payments are made less frequently than quarterly (for example, bi-annually), then there will be no distributions made until the calendar quarter the royalty payment is received.

By way of example: Artist X is the creator of a number of songs for which Artist X owns the royalties. BMI pays Artist X royalties on a quarterly basis, and Artist X receives approximately $10,000 in royalty payments per quarter resulting from proceeds generated from his music catalog. In February 2026, we enter into a Royalty Share Agreement with Artist X pursuant to which we agree to purchase Artist X's song catalog. After consummating such purchase, our company is entitled to receive those quarterly royalty payments from BMI. Investors are invited to purchase Royalty Share Units in the Artist X Royalty Share Agreement, entitling them to a portion of the royalty payments paid by BMI to our company. At the end of the quarter (March 31, 2026), $5,000 in royalties are paid to our company by BMI. Those funds are deposited into a designated bank account for the benefit of the Artist X Royalty Share Unitholders and will remain there until distributed to the Artist X Royalty Share Unitholders (maximum of 45 days after March 31, 2026). On the day the $5,000 is distributed, each Artist X Royalty Share Unitholder will receive his or her pro rata share of the $5,000 based on number of shares owned, minus a 10% Administrative Fee – i.e., $4,500. If there are 100 Artist X Royalty Share Units, and 10 investors each have 10 units, then each share would receive $50 minus 10% ($5) or $45. Each investor at 10 units would receive $450 in total.

**Expected Rate of Return**

There is no expected rate of return for the Royalty Share Units because of the variable nature of the royalty payments.

**Obligation to Make Payments**

We will be obligated to make payments to holders of Royalty Share Units only if, and to the extent, we receive royalty payments on the corresponding Royalty Share Agreement.

**Timing of Royalty Payments**

Our company expects to make payments to Royalty Share Unit holders on a quarterly basis within 45 days of the end of every calendar quarter.

**Administrative Fee**

Prior to payments being made to Royalty Share Unit holders, our company will deduct a certain percentage of the total amount of royalties received from the Music Royalty Asset for that quarterly period to be distributed to the Royalty Share Unit holders of our series. Our company will then distribute the net amount pro rata to the holders of the Royalty Share Units. Our company will determine and set the Administrative Fee for each series of Royalty Share Unit holders, which in no case will exceed 10%. Administrative fees will only be deducted from distributions actually made to holders of Royalty Share Units in a particular quarter. If there are no royalty payments paid to holders of Royalty Share Units, no Administrative Fees will be received by our company in that particular quarter.

**Term of the Royalty Share Units**

The term of the Royalty Share Units will be consistent with the term of the underlying Royalty Share Agreement. Terms can be as long as 20 to 40 years for acquired royalty rights, or as short as 3 to 10 years for an advance on the royalties.

**Final Payment Date**

The date our obligation to make payments on a series of Royalty Share Units terminates, unless otherwise extended. The final payment date for each series of Royalty Share Units corresponds to the end date of the corresponding Royalty Share Agreement.

**No Security Interest**

The Royalty Share Units will be unsecured obligations of our company. In the event the company fails, investors may have difficulty recovering royalties directly from the royalty holder in the event of default by our company.

In the event of a bankruptcy or similar proceeding of our company, the relative rights of the holder of the Royalty Share Units as compared to the holders of unsecured indebtedness of our company are uncertain. If we were to become subject to a bankruptcy or similar proceeding, the holder of our Royalty Share Units will have an unsecured claim against us that may or may not be limited in recovery to the corresponding Royalty Share Agreement.

**Exclusive Jurisdiction**

Pursuant to our subscription agreement, any dispute in relation to the subscription agreement not arising under federal securities laws is subject to the exclusive jurisdiction of a court of the State of North Carolina, and each investor will covenant and agree not to bring any such claim in any other venue. If a holder of the Royalty Share Units were to bring a claim against our company or our manager pursuant to the subscription agreement, it would have to do so in a court of competent jurisdiction in North Carolina.

We believe the provision benefits us by providing increased consistency in the application of North Carolina law in the types of lawsuits to which it applies and in limiting our litigation costs, the forum selection provision may limit investors' ability to bring claims in judicial forums that they find favorable to such disputes and may discourage lawsuits with respect to such claims. Our company has adopted the provision to limit the time and expense incurred by its management to challenge any such claims. As a company with a small management team, this provision allows its officers to not lose a significant amount of time travelling to any particular forum so they may continue to focus on operations of our company.

**Waiver of Right to Trial by Jury**

Our subscription agreement provides that each investor waives the right to a jury trial for any claim they may have against us arising out of, or relating to, the subscription agreement and any transaction arising under that agreement, which could include claims under federal securities law. By subscribing to this offering, the investor warrants that the investor has reviewed this waiver, and knowingly and voluntarily waives his or her jury trial rights. If we opposed a jury trial demand based on the waiver, a court would determine whether the waiver was enforceable given the facts and circumstances of that case in accordance with applicable case law.

**ONGOING REPORTING AND SUPPLEMENTS TO THIS OFFERING CIRCULAR**

The company will be required to make annual and semi-annual filings with the SEC. The company will make annual filings on Form 1-K, which will be due by the end of April each year and will include audited financial statements for the previous fiscal year. The company will make semi-annual filings on Form 1-SA, which will be due by September 28 each year, which will include unaudited financial statements for the six months to June 30. The company will also file a Form 1-U to announce important events such as the loss of a senior officer, a change in auditors, or certain types of capital-raising. The company will be required to keep making these reports unless it files a Form 1-Z to exit the reporting system, which it will only be able to do if it has less than 300 securityholders of record and have filed at least one Form 1-K.

At least every 12 months, the company will file a post-qualification amendment to the offering Statement of which this Offering Circular forms a part, to include the company's recent financial statements.

The company may supplement the information in this Offering Circular by filing a Supplement with the SEC.

All these filings will be available on the SEC's EDGAR filing system. You should read all the available information before investing.

**Relaxed Ongoing Reporting Requirements**

If the company becomes a public reporting company in the future, it will be required to publicly report on an ongoing basis as an "emerging growth company" (as defined in the Jumpstart Our Business Startups Act of 2012, which the company refers to as the JOBS Act) under the reporting rules set forth under the Exchange Act. For so long as the company remains an "emerging growth company," the company may take advantage of certain exemptions from various reporting requirements that are applicable to other Exchange Act reporting companies that are not "emerging growth companies," including but not limited to:

● not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act;

● taking advantage of extensions of time to comply with certain new or revised financial accounting standards;

● being permitted to comply with reduced disclosure obligations regarding executive compensation in the company's periodic reports and proxy statements; and

● being exempt from the requirement to hold a non-binding advisory vote on executive compensation and interest holder approval of any golden parachute payments not previously approved.

If the company becomes a public reporting company in the future, the company expects to take advantage of these reporting exemptions until it is no longer an emerging growth company. The company would remain an "emerging growth company" for up to five years, although if the market value of its Common Stock that is held by non-affiliates exceeds $700 million as of any June 30 before that time, the company would cease to be an "emerging growth company" as of the following December 31.

If the company does not become a public reporting company under the Exchange Act for any reason, the company will be required to publicly report on an ongoing basis under the reporting rules set forth in Regulation A for Tier 2 issuers. The ongoing reporting requirements under Regulation A are more relaxed than for "emerging growth companies" under the Exchange Act. The differences include, but are not limited to, being required to file only annual and semi-annual reports, rather than annual and quarterly reports. Annual reports are due within 120 calendar days after the end of the issuer's fiscal year, and semi-annual reports are due within 90 calendar days after the end of the first six months of the issuer's fiscal year.

In either case, the company will be subject to ongoing public reporting requirements that are less rigorous than Exchange Act rules for companies that are not "emerging growth companies," and its securityholders could receive less information than they might expect to receive from more mature public companies.

**FINANCIAL STATEMENTS OF <br> ROYALTYTRADERS LLC**

INDEX TO FINANCIAL STATEMENTS

---

| | |
|:---|:---|
|  | Page No. |
| [Independent Auditor's Report](#b_001) | F-3 – F-4 |
| [Balance Sheets](#b_002) | F-5 |
| [Statements of Operations](#b_003) | F-6 |
| [Statements of Changes in Members' Deficit](#b_004) | F-7 |
| [Statements of Cash Flows](#b_005) | F-8 |
| [Notes to Financial Statements](#b_006) | F-9 – F-17 |

---

INDEPENDENT AUDITOR'S REPORT

To the Members of

RoyaltyTraders, LLC

d/b/a SongVest

Raleigh, North Carolina

**Opinion**

We have audited the accompanying financial statements of RoyaltyTraders, LLC (a Delaware limited liability company) d/b/a SongVest (the "Company"), which comprise the balance sheets as of December 31, 2024 and 2023, and the related statements of operations, changes in members' equity (deficit), and cash flows for the years then ended, and the related notes to the financial statements.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America.

**Basis for Opinion**

We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Company and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

**Substantial Doubt about the Company's Ability to Continue as a Going Concern**

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 11 to the financial statements, the Company reported net losses during the years ended December 31, 2024 and 2023, and reported negative cash flow from operations during the years ended December 31, 2024 and 2023, and as such, substantial doubt exists about the Company's ability to continue as a going concern. Management's evaluation of the events and conditions and management's plans regarding those matters are also described in Note 11. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. Our opinion is not modified with respect to that matter.

**Emphasis of Matter**

As discussed in Note 2, the Company underwent an organizational restructuring in October 2024. As a result of the restructuring, the Company became the wholly-owned subsidiary of SAJA, LLC, and assigned certain rights related to its SongVest Platform to RT2, LLC, a wholly-owned subsidiary of SAJA, LLC. The accompanying financial statements have been prepared to reflect revenues and expenses of RoyaltyTraders, LLC, as well as allocations deemed reasonable by management to present results of operations, financial position and cash flows of RoyaltyTraders, LLC on a standalone basis. Our Opinion is not modified with respect to this matter.

**Responsibilities of Management for the Financial Statements**

Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern within one year after the date that the financial statements are available to be issued.

**Auditor's Responsibilities for the Audit of the Financial Statements**

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with generally accepted auditing standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with generally accepted auditing standards, we:

● Exercise professional judgment and maintain professional skepticism throughout the audit.

● Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.

● Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control. Accordingly, no such opinion is expressed.

● Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.

● Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.

/s/ Cherry Bekaert, LLP

We have served as the Company's auditor since 2024.

Nashville, Tennessee

January 28, 2026

RoyaltyTraders, LLC<br> d/b/a SongVest<br> Balance Sheets<br> December 31, 2024 and 2023

---

| | | |
|:---|:---|:---|
|  | 2024 | 2023 |
| ASSETS |  |  |
| Current assets |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $40870 | $- |
| &nbsp;&nbsp;&nbsp;Restricted cash | 968880 | 196029 |
| &nbsp;&nbsp;&nbsp;Accounts receivable, net |  | 88558 |
| &nbsp;&nbsp;&nbsp;Music royalty advances |  | 82999 |
| &nbsp;&nbsp;&nbsp;Royalty rights, net | 44663 | 55798 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 1054413 | 423384 |
| Capitalized filing costs, net | 67562 |  |
| Software - website development, net – discontinued ops | - | 61056 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $1121975 | $484440 |
| LIABILITIES AND MEMBER'S DEFICIT |  |  |
| Current liabilities |  |  |
| &nbsp;&nbsp;&nbsp;Checks issued in excess of available funds | $- | $2571 |
| &nbsp;&nbsp;&nbsp;Accounts payable | 44711 | 144762 |
| &nbsp;&nbsp;&nbsp;Accounts payable - related parties |  | 11579 |
| &nbsp;&nbsp;&nbsp;Escrow payable | 11919 | 196029 |
| &nbsp;&nbsp;&nbsp;Due to Affiliate | 956956 |  |
| &nbsp;&nbsp;&nbsp;Accrued interest and other accrued expenses | 395095 | 250695 |
| &nbsp;&nbsp;&nbsp;Warrant liability |  | 3085 |
| &nbsp;&nbsp;&nbsp;Due to related parties, current maturities | 827000 | 550000 |
| &nbsp;&nbsp;&nbsp;Current portion of note payable, investor | 100000 | 100000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 2335681 | 1258721 |
| Due to related parties, less current maturities | 500000 | 399394 |
| Simple agreement for future equity | - | 123505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 2835681 | 1781620 |
| Member's deficit | (1713706) | (1297180) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and member's deficit | $1121975 | $484440 |

---

The accompanying notes are an integral part of these financial statements.

RoyaltyTraders, LLC

d/b/a SongVest<br> Statements of Operations<br> For the Years Ended December 31, 2024 and 2023

---

| | | |
|:---|:---|:---|
|  | 2024 | 2023 |
| Revenues | $713735 | $941442 |
| Cost of sales | 121349 | 44571 |
| Gross profit | 592386 | 896871 |
| Operating expenses | 914563 | 1407492 |
| Loss from operations | (322177) | (510621) |
| Other expenses |  |  |
| &nbsp;&nbsp;&nbsp;Interest expense | (203217) | (179166) |
| &nbsp;&nbsp;&nbsp;Change in fair value of warrant liability | 3085 | 3700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other expense, net | (200132) | (175466) |
| Net loss | $(522309) | $(686087) |

---

The accompanying notes are an integral part of these financial statements.

RoyaltyTraders, LLC<br> d/b/a SongVest<br> Statements of Changes in Members' Deficit

December 31, 2024 and December 31, 2023

---

| | |
|:---|:---|
| Balance, January 1, 2023 | $(641093) |
| Capital contributions | 30000 |
| Net loss | (686087) |
| Balance, December 31, 2023 | (1297180) |
| Warrant exercise | 1161 |
| Net of assets assigned and liabilities assumed (Note 2) | 104622 |
| Net loss | (522309) |
| Balance, December 31, 2024 | $(1713706) |

---

The accompanying notes are an integral part of these financial statements.

RoyaltyTraders, LLC<br> d/b/a SongVest<br> Statements of Cash Flows<br> For the Years Ended December 31, 2024 and 2023

---

| | | |
|:---|:---|:---|
|  | 2024 | 2023 |
| Cash flows from operating activities |  |  |
| &nbsp;&nbsp;&nbsp;Net loss | $(522309) | $(686087) |
| &nbsp;&nbsp;&nbsp;Adjustments to reconcile net loss to net cash used in operating activities |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accretion of debt discount |  | 4182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation | 50226 | 47015 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Royalty rights amortization | 11135 | 44202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in fair value of warrant liability | (4246) | (3700) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in discount on loan | 606 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Changes in operating assets and liabilities, net of effect of transfer |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable | (95455) | (72806) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Checks in excess | (2571) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Music royalty advances | 1449 | 2125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | 544646 | 67697 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable – related party |  | (10379) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Escrow payable | 379928 | (286511) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued interest and other | 145561 | 178592 |
| Net cash used in operating activities – continuing operations | 508970 | (715670) |
| Cash flows from investing activities |  |  |
| &nbsp;&nbsp;&nbsp;Payments for software and website development | (4910) | (5814) |
| &nbsp;&nbsp;&nbsp;Payments for capitalized filing costs | (68500) |  |
| &nbsp;&nbsp;&nbsp;Royalty rights acquired | - | (100000) |
| Net cash used in investing activities – continuing operations | (73410) | (105814) |
| Cash flows from financing activities |  |  |
| &nbsp;&nbsp;&nbsp;Checks issued in excess of available funds |  | 2571 |
| &nbsp;&nbsp;&nbsp;Capital contributions |  | 30000 |
| &nbsp;&nbsp;&nbsp;Proceeds from debt issued |  | 100000 |
| &nbsp;&nbsp;&nbsp;Proceeds from line-of-credit from related party |  | 50000 |
| &nbsp;&nbsp;&nbsp;Proceeds from debt issued from related party | 377000 | 250000 |
| &nbsp;&nbsp;&nbsp;Proceeds from exercise of warrants | 1161 |  |
| &nbsp;&nbsp;&nbsp;Proceeds from simple agreement for future equity | - | 28974 |
| Net cash provided by financing activities – continuing operations | 378161 | 461545 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 813721 | (359939) |
| Cash, cash equivalents and restricted cash, beginning of year | 196029 | 555968 |
| Cash, cash equivalents and restricted cash, end of year | $1009750 | $196029 |
| Cash, cash equivalents and restricted cash consisted of the following: |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $40870 | $- |
| &nbsp;&nbsp;&nbsp;Restricted cash | 968880 | 196029 |
|  | $1009750 | $196029 |
| Supplemental disclosure of cash flow information |  |  |
| &nbsp;&nbsp;&nbsp;Cash paid during the year for interest | $57215 | $11763 |
| Supplemental schedule of noncash investing and financing activities |  |  |
| &nbsp;&nbsp;&nbsp;Warrant allocation | $- | $618 |
| &nbsp;&nbsp;&nbsp;Assets assumed by to related party | 282241 |  |
| &nbsp;&nbsp;&nbsp;Liabilities assumed by related party | (1343819) |  |
| &nbsp;&nbsp;&nbsp;Due to related party | 956956 |  |

---

The accompanying notes are an integral part of these financial statements.

RoyaltyTraders, LLC<br> d/b/a SongVest<br> Notes to Financial Statements<br> For the Years Ended December 31, 2024 and 2023

1. NATURE OF OPERATIONS

RoyaltyTraders LLC d/b/a SongVest (the "Company") acts as a marketplace connecting buyers and sellers of music royalties. The marketplace provides an opportunity for the owners of music rights to monetize their future royalty streams. The Company packages and brokers royalty income streams into royalty unit offerings that are sold to investors as royalty shares. The Company charges a fee for the sourcing services and will also generate income by charging a service fee for managing and distributing certain brokered royalty payments to the royalty unit holders.

On October 11, 2024, the Company executed a Contribution and Exchange Agreement ("Contribution Agreement") with SAJA LLC, a Delaware limited liability company ("SAJA"), pursuant to which, the holders of RoyaltyTraders LLC common and preferred stock exchanged their interests in the Company for identical interests in SAJA. In connection with the Contribution Agreement, the Company became the wholly-owned subsidiary of SAJA.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

<u>Use of estimates</u>

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates.

<u>Cash and cash equivalents</u>

The Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents. The balances are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000. The Company may maintain cash balances in excess of FDIC coverage. Management considers this a normal business risk.

<u>Restricted cash</u>

The restricted cash balance represents various pools of restricted cash including cash received in advance from investors to purchase music royalty streams, royalties received for distribution to purchasers of music royalty streams, and funds due to the Company's affiliate. The restricted cash will be held in escrow until the closing date of the royalty shares, the release of royalties to purchasers, or as required by agreement with the affiliate, depending on the source of the restricted cash. The amount of restricted cash is offset with escrow payable and due to affiliate liabilities.

<u>Accounts receivable</u>

Accounts receivable are stated at the amount management expects to collect on balances outstanding at year end. Accounts receivable are generally collected within 30 days of closing and are recorded net of the allowance for expected credit losses. The estimate of the allowance for expected credit losses is based on an analysis of historical loss experience, current receivables aging, and management's assessment of current conditions and reasonable and supportable expectation of future conditions, as well as an assessment of specific identifiable customer accounts considered at risk or uncollectible. The allowance for expected credit losses was $0 and $25,445 at December 31, 2024 and 2023, respectively.

RoyaltyTraders, LLC<br> d/b/a SongVest<br> Notes to Financial Statements<br> For the Years Ended December 31, 2024 and 2023

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

<u>Royalty rights</u>

In 2023, the Company purchased music royalties to be resold and distributed on the Company's SongShares site. The Company recorded the royalty rights at cost of $100,000. As the Company sells the music royalties it records a proportionate amount of the acquired rights to cost of sales in the statements of operations. As of December 31, 2024, total remaining rights equaled $44,630 held available for sale.

<u>Software - website development</u>

Website development is recorded at cost and was placed into service in January 2022. Amortization of this asset commenced once the website was placed into service over the useful life of 3 years. Continuous improvements and substantive additions are made to the website resulting in additional costs capitalized.

<u>Multi-year registration costs</u>

The Company must renew its Regulation A+ filing with the SEC and FINRA everything 3 years and capitalized the legal expense of doing so at cost. The asset was placed into service in December 2024 upon submission of the filing. Amortization of this asset commenced at the time it was placed into service over the useful life of 3 years. Unamortized filing fees of $67,652 and $0 were included on the accompanying balance sheet as of December 31, 2024 and 2023.

<u>Leases</u>

The Company leased an office space and residential apartment until October 3, 2024 when the leases were transferred to SAJA LLC as part of the restructuring referenced below is this note. Prior to that date, these leases were recorded as short-term rentals. The determination of whether an arrangement is a lease is made at lease inception. Under FASB Accounting Standards Codification Topic 842, *Leases,* a contract is (or contains) a lease if it conveys the right to control the use of an identified asset for a period of time in exchange for consideration. Control is defined under the standards as having both the right to obtain substantially all of the economic benefits from use of the asset and the right to direct the use of the asset. Management only reassesses its determination if the terms and conditions of the contract are changed.

<u>Warrant liability</u>

The Company classifies warrants to purchase shares of its common units as a liability on its balance sheets when the warrant settlement features do not meet the indexation guidance and are not a fixed for fixed settlement arrangement. Warrant liabilities are classified in the balance sheet as a current liability based on the holder having rights to convert at any time. All outstanding warrants were exercised in May 2024 at a total exercise price of $1,161 for 116,060 common units. The warrant cost plus the remaining fair value of the warrants were recorded to equity at the time of the conversion. As of May 2024, there are no longer any warrants outstanding.

<u>Revenue recognition</u>

The Company recognizes brokered sourcing fee revenue at a point in time upon the closing settlement date for each music royalty asset transaction brokered. Service fee revenue is recognized over time as the services are performed. Revenue is recorded at the amounts the Company expects to receive. Incremental costs in obtaining a contract are expensed as incurred.

RoyaltyTraders, LLC<br> d/b/a SongVest<br> Notes to Financial Statements<br> For the Years Ended December 31, 2024 and 2023

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

<u>Income taxes</u>

The Member of the Company has elected to be treated as an LLC and taxed as a partnership under provisions of the Internal Revenue Code which provide that in lieu of corporation income taxes, the Member is taxed on the Company's taxable income.

The Company has evaluated its tax positions, expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings and believes that no provision for income taxes is necessary, at this time, to cover any uncertain tax positions.

<u>Advertising</u>

The Company expenses advertising costs as incurred which totaled $40,088 and $108,183 for the years ended December 31, 2024 and 2023, respectively.

<u>Restructuring</u>

In October 2024, the Company underwent a restructuring ("October 2024 Restructuring"), whereby the Company, through a series of transactions, became a wholly-owned subsidiary of SAJA, and certain aspects of our operations – primarily, the ownership and operation of the SongVest Platform – were distributed to SAJA and SAJA transferred the related assets and liabilities to a newly-formed sister entity, RT2 LLC ("RT2"), which is also a wholly-owned subsidiary of SAJA.

In connection with the October 2024 Restructuring, all shareholders of RoyaltyTraders LLC entered into a contribution and exchange agreement with SAJA, pursuant to which all the holders of common and preferred stock exchanged their interests in RoyaltyTraders LLC for identical interests in SAJA, whereby SAJA became the sole member of RoyaltyTraders LLC.

Also in connection with the October 2024 Restructuring, the Company entered into an assignment and assumption agreement with RT2 and SAJA, pursuant to which SAJA assigned certain assets of the Company, primarily related to the SongVest Platform, to RT2. In connection therewith, SAJA and RT2 assumed certain liabilities of the Company, primarily related to the SongVest Platform. As a result of this series of transactions, RT2 became the owner and operator of the SongVest Platform. The Company entered into a services agreement with RT2, pursuant to the which RT2 agreed to provide staff, technology, administration and marketing/sales support functions to the Company as necessary to carry out the Company's business plan. In particular, RT2 agreed to allow the Company to utilize the SongVest Platform to market and conduct its offerings of Royalty Share Units. In consideration for the services to be provided by RT2, the Company agreed to pay to RT2, on a monthly basis, twenty percent (20%) of monthly net income earned by the Company.

The following is a summary of assets distributed and liabilities assumed by SAJA and RT2 in connection with the October 2024 Restructuring:

**Remainder of page intentionally left blank.**

RoyaltyTraders, LLC<br> d/b/a SongVest<br> Notes to Financial Statements<br> For the Years Ended December 31, 2024 and 2023

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

---

| | |
|:---|:---|
| Assets Distributed |  |
| Accounts receivable, net | 184013 |
| Royalty music advances | 81550 |
| Capital software, net | 16678 |
| Due to related party | 956956 \* |
| Total transferred assets | 1239197 |
| Liabilities Assumed |  |
| Accounts payable | (656276) |
| Escrow payable | (564038) |
| SAFE | (123505) |
| Total liabilities | (1343819) |
|  | $(104622) |

---

\* Remained due to SAJA as of December 31, 2024. The balance due to SAJA and corresponding restricted cash is included on the accompanying Balance Sheets.

3. ALLOWANCE FOR CREDIT LOSSES

The Company had the following activity related to its allowance for expected credit losses for the years ended December 31, 2024 and 2023:

---

| | | |
|:---|:---|:---|
|  | 2024 | 2023 |
| Beginning balance | $25445 | $15000 |
| Provision for expected credit losses | - | 10445 |
| Transfer of A/R and allowance to RT2 LLC | (25445) |  |
|  | $- | $25445 |

---

4. MUSIC ROYALTY ADVANCES

Management periodically will receive requests from a music royalty holder asking for an advance on upcoming music royalty closings that are brokered by the Company and will be settled in the near term. The Company will issue advances to these holders as a non-interest bearing receivable that will be repaid with upcoming closing proceeds. The collateral on these advances are the music royalties that are cataloged and offered for sale to music investors. Management periodically reviews the list of outstanding advances and records an impairment on any advances that are deemed not collectible. There was no impairment recorded as of December 31, 2024 and ownership of the assets was transferred to RT2 during the year.

RoyaltyTraders, LLC<br> d/b/a SongVest<br> Notes to Financial Statements<br> For the Years Ended December 31, 2024 and 2023

5. PROPERTY AND EQUIPMENT

During 2021, the Company developed a website to allow easy access to review available music royalties and allow investors to scan the available music offerings and make applications for investment. The website went live in January 2022 at which time the asset was placed in service to be amortized over the estimated useful life of three years. Additional development costs are capitalized and maintenance costs are expensed as incurred.

Property and equipment consisted of the following:

---

| | | |
|:---|:---|:---|
|  | 2024 | 2023 |
| Software - website development capitalized | $- | $144270 |
| Software - accumulated depreciation | - | (83214) |
| Filing costs - 3 year capitalized | 68500 | - |
| Filing costs - amortization | (938) | - |
|  | $67562 | $61056 |

---

Depreciation expense on software - website totaled $36,573 and $47,015 and amortization expense on filing costs totaled $938 and $0 for the years ended December 31, 2024 and 2023, respectively.

6. NOTE PAYABLE

In March 2023, the Company completed placement of a $100,000 promissory note with an investor. The promissory note bore interest at 10% through the maturity date of July 31, 2023 and 2% for each month after the maturity date through December 31, 2023. The promissory note was subsequently extended through January 31, 2025 and again through December 31, 2025, with monthly extension payments of $2,000 and one balloon payment on the date of maturity. During 2024, the Company recognized $24,000 in interest costs.

7. RELATED PARTY TRANSACTIONS

In November 2021, the Company completed placement of a $300,000 convertible promissory note and issuance of a warrant to purchase common units with a related party that is also an owner in the Company. The Company allocated $1,400 to the fair value of the warrant resulting in a discount on the promissory note of the same amount. In March 2022, the Company increased the size of the warrants and allocated $3,111 to the fair value of the revised warrants resulting in an additional discount on the promissory note of the same amount. As of May 2024, all outstanding warrants were exercised for $1,161 and the related debt agreement was modified to remove the possibility of future warrants from being issued.

The convertible note bears interest at 12.5% and matures on November 23, 2024. The holder of the note may convert the principal value of the note and all accrued unpaid interest into units of the Company at the stated conversion ratio of $1 for each Class A unit. The conversion ratio is subject to possible adjustment upon the occurrence of certain specified events, including, but not limited to, the issuance of any other convertible notes and equity certificates that have rights, preferences or privileges differing from the current note. An automatic conversion will occur if a qualified financing event occurs before or prior to the maturity date. Conversion had not occurred as of March 2025 when the note was transferred to SAJA.

RoyaltyTraders, LLC<br> d/b/a SongVest<br> Notes to Financial Statements<br> For the Years Ended December 31, 2024 and 2023

7. RELATED PARTY TRANSACTIONS (continued)

During 2024 and 2023, the Company recognized $37,603 and $39,795 in interest costs, consisting of (a) note interest of $37,603 and $37,500 in each year and (b) $0 and $2,295 of interest discount amortization, respectively.

In October 2022, the Company completed placement of a convertible promissory note - line of credit up to $300,000 and issuance of a warrant to purchase common units with a related party that is also an owner in the Company. The Company allocated $2,056 to the fair value of the warrant resulting in a discount on the promissory note of the same amount. In May 2023, the Company drew an additional $50,000 on the line of credit. The Company increased the size of the warrants and allocated $618 to the fair value of the revised warrants resulting in an additional discount on the promissory note of the same amount. In January 2024, the Company drew the final $100,000 on the line of credit. The warrants were exercised in May 2024. The note was transferred to SAJA in March 2025. As of December 31, 2024 and 2023, the outstanding debt par balance on the promissory note - line of credit is $300,000 and $150,000, respectively.

The convertible line of credit bears interest at 13% and matures on October 28, 2024. The holder of the line of credit may convert the principal value of the note and all accrued unpaid interest into units of the Company at the stated conversion ratio of $1 for each Class A unit. The conversion ratio is subject to possible adjustment upon the occurrence of certain specified events, including, but not limited to, the issuance of any other convertible notes and equity certificates that have rights, preferences or privileges differing from the current note. An automatic conversion will occur if a qualified financing event occurs before or prior to the maturity date. Conversion nor repayment has not occurred as of March 2025 when the note was transferred to SAJA.

During 2024 and 2023, the Company recognized $34,441 and $18,432, in interest costs, consisting of $34,441 and $17,132, of principal interest and $0 and $1,300, of discount amortization, respectively. The remaining discount was amortized through October 2024.

Management evaluated the conversion features of the note and line of credit for embedded derivatives and application of the substantial premium model of accounting of debt by applying the provisions of the Financial Accounting Standards Board Accounting Standards Update 2020-06. Separate accounting for the conversion feature of this note placement is not required. The discount on the convertible promissory notes totaled $0 and $606 as of December 31, 2024 and 2023, respectively.

In May 2022, the Company completed placement of a $200,000 promissory note with a related party that is also an owner in the Company. The promissory note bears interest at 20%. In September 2022, the promissory note was increased by $50,000 from the original $200,000 to $250,000, without altering any terms of the agreement. During 2023, the promissory note was increased by $150,000 from the $250,000 to $400,000. The maturity date was extended to July 2025. During 2024 and 2023, the Company recognized $80,219 and $73,589, respectively, in interest costs.

In January 2023, the Company completed placement of a $100,000 promissory note with a related party that is also an owner. The promissory note bore interest at 10% through July 31, 2023. The interest rate currently is increasing by 1% each month until it reaches 16% until paid in full. During 2024 and 2023, the Company recognized $16,000 and $15,000 in interest costs, respectively.

RoyaltyTraders, LLC<br> d/b/a SongVest<br> Notes to Financial Statements<br> For the Years Ended December 31, 2024 and 2023

7. RELATED PARTY TRANSACTIONS (continued)

On February 27, 2024, the Company completed placement of a $73,000 promissory note with a related party that is also an owner. The original maturity date of the loan was April 27, 2024, and per the terms of the loan interest of $2,000 would be payable at the maturity date such that at the time of repayment, the company would owe Mr. Guiva $75,000. If the loan is not repaid by the maturity date, an additional $1,000.00 simple interest as calculated as 1.37% of the initial principal amount for each full month after the maturity date that the principal amount remains outstanding. The loan terms were subsequently revised to extend the loan term through June 27, 2024. Per an unwritten agreement to extend, this loan has not been repaid as of March 2025 when the note was transferred to SAJA LLC.

On May 9, 2024, the Company completed placement of a $74,000 promissory note with a related party that is also an owner. $74,000 with a maturity date of September 30, 2024. Per an unwritten agreement to extend, this loan has not been repaid as of March 2025 when the note was transferred to SAJA LLC. The note accrues simple interest at 12% per annum.

On May 15, 2024 and October 31 2024, the Company completed placement of a $30,000 and a $50,000 promissory note, respectively, with a related party that is also an owner per unwritten agreements without set interest or repayment terms.

The net carrying amount of the notes were as follows:

---

| | | |
|:---|:---|:---|
|  | 2024 | 2023 |
| Notes payable, related party | $1327000 | $950000 |
| Discount on notes payable - related party |  | (606) |
| Less current maturities | (827000) | (550000) |
|  | $500000 | $399394 |

---

The future maturities of the related party note payable are as follows:

---

| | |
|:---|:---|
| Year ending December 31, |  |
| 2025 | $827000 |
| 2026 | 500000 |
|  | $1327000 |

---

The Company had sales with related parties that were both owners and customers of $91,960 and $55,375 during the years ended December 31, 2024 and 2023, respectively.

RoyaltyTraders, LLC<br> d/b/a SongVest<br> Notes to Financial Statements<br> For the Years Ended December 31, 2024 and 2023

8. SIMPLE AGREEMENT FOR FUTURE EQUITY

In 2022, the Company entered into a Simple Agreement for Future Equity ("SAFE"). The Company withdrew $0 and $28,974 of the cash flow raised during 2024 and 2023, respectively. The SAFE would automatically convert into Conversion Units upon the closing of the next equity financing wherein the Company sells equity for gross proceeds greater than $250,000. In the event of a Company transaction prior to the next equity financing, defined as the sale of substantially all of the Company's assets with a transfer whether by merger, consolidation or otherwise of more than 50% of the outstanding voting securities, the Company would pay the Holder an amount equal to the proceeds the Holder would have received in such Company transaction, if the SAFE had converted into Conversion Units at the SAFE price immediately prior to the Company transaction. Neither such Company transaction nor equity financing occurred as of the October 2024 Restructuring when the SAFE transferred to SAJA.

9. LEASES

The Company leased an office space and a residential apartment. The operating leases are short-term leases that have an expected term of 12 months or less at lease commencement. Lease costs associated with the short-term leases totaled $10,700 and $23,112 for the years ended December 31, 2024 and 2023, respectively. Leases transferred to RT2 LLC as of the October 2024 Restructuring.

**Remainder of page intentionally left blank.**

RoyaltyTraders, LLC<br> d/b/a SongVest<br> Notes to Financial Statements<br> For the Years Ended December 31, 2024 and 2023

10. MEMBERS' EQUITY

The Company had issued the following equity units:

---

| | | |
|:---|:---|:---|
|  | 2024 | 2023 |
| Series A Units, 1,500,000 units authorized; all units were assigned to SAJA during 2024 | – | 500000 |
| Common Units, 3,500,000 units authorized; all units were assigned to SAJA during 2024 | – | 230000 |
| Series B, 400,000 units authorized, all units were contributed to SAJA during 2024 | – |  |

---

11. GOING CONCERN

The Company is a start up with expected operating losses. The Company continues to fund these losses with additional equity contributions and debt advanced by related parties and other financing sources during the operating year. The advances are not fully committed through April 2026. The Company had operated at a net loss in 2024 of $522,309 and the cash flow from operations was negative $508,970. The promissory note outstanding at December 31, 2024 has a current maturity date in the coming 12 months. These facts and circumstances raise substantial doubt about the Company's ability to continue as a going concern for a period of 12 months from the date of these financial statements.

The financial statements have been prepared on a going concern basis, which assumes that the Company will be able to meet all of its payment obligations through January 2027. Management acknowledges that uncertainty remains over the ability of the Company to meet its funding requirements and to refinance or repay its borrowing facility as it comes due. If for any reason the Company is unable to continue as a going concern, it could have an impact on the Company's ability to realize assets at their recognized values, in particular website software and other intangible assets, and to extinguish liabilities in the normal course of business at the amounts stated in the financial statements.

12. SUBSEQUENT EVENTS

The Company evaluated all subsequent events through January 27, 2026, the date the financial statements were available to be issued.

INDEX TO FINANCIAL STATEMENTS

---

| | |
|:---|:---|
|  | Page No. |
| [Interim Balance Sheet as of June 30, 2025 (Unaudited) and December 31, 2024](#c_001) | F-19 |
| [Interim Statement of Operations (Unaudited) for the six months ended June 30, 2025 and June 30, 2024](#c_002) | F-20 |
| [Interim Statement of Changes in Members' Equity for the six months ended June 30, 2025 (Unaudited) and the year ended December 31, 2024](#c_003) | F-21 |
| [Interim Statement of Cash Flows (Unaudited) for the six months ended June 30, 2025 and June 30, 2024](#c_004) | F-22 |
| [Notes to Unaudited Financial Statements](#c_005) | F-23 – F-28 |

---

RoyaltyTraders, LLC<br> d/b/a SongVest<br> Interim Balance Sheet<br> As of June 30, 2025 (Unaudited) and December 31, 2024

---

| | | |
|:---|:---|:---|
|  | June 30,<br> 2025 | December 31,<br> 2024 |
|  | (Unaudited) | |
| &nbsp;&nbsp;&nbsp;ASSETS |  |  |
| Current assets |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $55200 | $40870 |
| &nbsp;&nbsp;&nbsp;Restricted cash | 11443 | 968880 |
| &nbsp;&nbsp;&nbsp;Royalty rights, net | 41394 | 44663 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 108037 | 1054413 |
| Capitalized filing costs, net | 56239 | 67562 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $164276 | $1121975 |
| &nbsp;&nbsp;&nbsp;LIABILITIES AND MEMBER'S DEFICIT |  |  |
| Current liabilities |  |  |
| &nbsp;&nbsp;&nbsp;Accounts payable | 84141 | 44711 |
| &nbsp;&nbsp;&nbsp;Escrow payable | 11443 | 11919 |
| &nbsp;&nbsp;&nbsp;Due to Affiliate |  | 956956 |
| &nbsp;&nbsp;&nbsp;Accrued interest and other accrued expenses | 4000 | 395095 |
| &nbsp;&nbsp;&nbsp;Due to related parties, current maturities |  | 827000 |
| &nbsp;&nbsp;&nbsp;Current portion of note payable, investor | 100000 | 100000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 199584 | 2335681 |
| Due to related parties, less current maturities | - | 500000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 199584 | 2835681 |
| Member's deficit | (35308) | (1713706) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and member's deficit | $164276 | $1121975 |

---

The accompanying notes are an integral part of these financial statements.

RoyaltyTraders, LLC<br> d/b/a SongVest<br> Interim Statement of Operations (Unaudited)<br> For the six months ended June 30, 2025 and June 30, 2024

---

| | | |
|:---|:---|:---|
|  | June 30,<br> 2025 | June 30,<br> 2024 |
| Revenues | $93232 | $343273 |
| Cost of sales | 17209 | - |
| Gross profit | 76023 | 343273 |
| Operating expenses | 96397 | 651913 |
| Loss from operations | (20374) | (308640) |
| Other expenses |  |  |
| &nbsp;&nbsp;&nbsp;Interest expense | 60005 | 98480 |
| &nbsp;&nbsp;&nbsp;Depreciation & Amortization | 11323 | 24045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other expense, net | (71328) | (122525) |
| Net loss | $(91702) | $(431165) |

---

The accompanying notes are an integral part of these financial statements.

RoyaltyTraders, LLC<br> d/b/a SongVest<br> Interim Statement of Changes in Members' Equity <br> For the six months ended June 30, 2025 (Unaudited) and the year ended December 31, 2024

---

| | | |
|:---|:---|:---|
|  | June 30,<br>2025 | December 31,<br>2024 |
|  | (Unaudited) | |
| Balance, January 1 | $(1713706) | $(1297180) |
| Warrant exercise |  | 1161 |
| Net of assets assigned and liabilities assumed (Note 2) | 1770100 | 104622 |
| Net loss | (91702) | (522309) |
| Balance, End of Period | $(35308) | $(1713706) |

---

The accompanying notes are an integral part of these financial statements.

RoyaltyTraders, LLC<br> d/b/a SongVest<br> Interim Statement of Cash Flows (Unaudited)<br> For the six months ended June 30, 2025 and June 30, 2024

---

| | | |
|:---|:---|:---|
|  | June 30,<br> 2025 | June 30,<br> 2024 |
| Cash flows from operating activities |  |  |
| &nbsp;&nbsp;&nbsp; Net loss | $(91702) | $(431165) |
| &nbsp;&nbsp;&nbsp; Adjustments to reconcile net loss to net cash used in operating activities |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation & amortization | 11323 | 24045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Royalty rights amortization | 3269 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Changes in operating assets and liabilities, net of effect of transfer |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accounts receivable |  | 26360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Music royalty advances |  | 843 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accounts payable | 39429 | 51349 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due to related party | (956956) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Escrow payable | (476) | 139970 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accrued interest and other | 52006 | 74107 |
| Net cash used in operating activities | (943107) | (114491) |
| Cash flows from financing activities |  |  |
| &nbsp;&nbsp;&nbsp; Proceeds from debt issued from related party |  | 274862 |
| Net cash provided by financing activities | - | 274862 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (943107) | 160371 |
| Cash, cash equivalents and restricted cash, beginning of year | 1009750 | 193458 |
| Cash, cash equivalents and restricted cash, end of year | $66643 | $353829 |
| Cash, cash equivalents and restricted cash consisted of the following: |  |  |
| &nbsp;&nbsp;&nbsp; Cash | $55200 | $26907 |
| &nbsp;&nbsp;&nbsp; Restricted cash | 11443 | 326922 |
|  | $66643 | $353829 |
| Supplemental disclosure of cash flow information |  |  |
| &nbsp;&nbsp;&nbsp; Cash paid during the year for interest | $8000 | $6511 |
| Supplemental schedule of noncash investing and financing activities |  |  |
| &nbsp;&nbsp;&nbsp; Liabilities assumed by related party | 1770100 |  |

---

The accompanying notes are an integral part of these financial statements.

RoyaltyTraders, LLC<br> d/b/a SongVest<br> Notes to Unaudited Financial Statements

1. NATURE OF OPERATIONS

RoyaltyTraders LLC d/b/a SongVest (the "Company") acts as a marketplace connecting buyers and sellers of music royalties. The marketplace provides an opportunity for the owners of music rights to monetize their future royalty streams. The Company packages and brokers royalty income streams into royalty unit offerings that are sold to investors as royalty shares. The Company charges a fee for the sourcing services and will also generate income by charging a service fee for managing and distributing certain brokered royalty payments to the royalty unit holders.

On October 11, 2024, the Company executed a Contribution and Exchange Agreement ("Contribution Agreement") with SAJA LLC, a Delaware limited liability company ("SAJA"), pursuant to which, the holders of RoyaltyTraders LLC common and preferred stock exchanged their interests in the Company for identical interests in SAJA. In connection with the Contribution Agreement, the Company became the wholly-owned subsidiary of SAJA.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

<u>Use of estimates</u>

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates.

<u>Cash and cash equivalents</u>

The Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents. The balances are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000. The Company may maintain cash balances in excess of FDIC coverage. Management considers this a normal business risk.

<u>Restricted cash</u>

The restricted cash balance represents various pools of restricted cash including cash received in advance from investors to purchase music royalty streams, royalties received for distribution to purchasers of music royalty streams, and funds due to the Company's affiliate. The restricted cash will be held in escrow until the closing date of the royalty shares, the release of royalties to purchasers, or as required by agreement with the affiliate, depending on the source of the restricted cash. The amount of restricted cash is offset with escrow payable and due to affiliate liabilities.

<u>Accounts receivable</u>

Accounts receivable are stated at the amount management expects to collect on balances outstanding at year end. Accounts receivable are generally collected within 30 days of closing and are recorded net of the allowance for expected credit losses. The estimate of the allowance for expected credit losses is based on an analysis of historical loss experience, current receivables aging, and management's assessment of current conditions and reasonable and supportable expectation of future conditions, as well as an assessment of specific identifiable customer accounts considered at risk or uncollectible. The allowance for expected credit losses was $0 at June 30, 2025 and December 31, 2024, respectively.

RoyaltyTraders, LLC<br> d/b/a SongVest<br> Notes to Unaudited Financial Statements

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

<u>Royalty rights</u>

In 2023, the Company purchased music royalties to be resold and distributed on the Company's SongShares site. The Company recorded the royalty rights at cost of $100,000. As the Company sells the music royalties it records a proportionate amount of the acquired rights to cost of sales in the statements of operations. As of June 30, 2025, total remaining rights equaled $41,394 held available for sale.

<u>Multi-year registration costs</u>

The Company must renew its Regulation A+ filing with the SEC and FINRA everything 3 years and capitalized the legal expense of doing so at cost. The asset was placed into service in December 2024 upon submission of the filing. Amortization of this asset commenced at the time it was placed into service over the useful life of 3 years. Unamortized filing fees of $56,239 and $67,652 were included on the accompanying balance sheet as of June 30, 2025 and December 31, 2024, respectively.

<u>Leases</u>

The Company leased an office space and residential apartment until October 3, 2024 when the leases were transferred to SAJA LLC as part of the restructuring referenced below is this note. Prior to that date, these leases were recorded as short-term rentals. The determination of whether an arrangement is a lease is made at lease inception. Under FASB Accounting Standards Codification Topic 842, *Leases,* a contract is (or contains) a lease if it conveys the right to control the use of an identified asset for a period of time in exchange for consideration. Control is defined under the standards as having both the right to obtain substantially all of the economic benefits from use of the asset and the right to direct the use of the asset. Management only reassesses its determination if the terms and conditions of the contract are changed.

<u>Warrant liability</u>

The Company classifies warrants to purchase shares of its common units as a liability on its balance sheets when the warrant settlement features do not meet the indexation guidance and are not a fixed for fixed settlement arrangement. Warrant liabilities are classified in the balance sheet as a current liability based on the holder having rights to convert at any time. All outstanding warrants were exercised in May 2024 at a total exercise price of $1,161 for 116,060 common units.

<u>Revenue recognition</u>

The Company recognizes brokered sourcing fee revenue at a point in time upon the closing settlement date for each music royalty asset transaction brokered. Service fee revenue is recognized over time as the services are performed. Revenue is recorded at the amounts the Company expects to receive. Incremental costs in obtaining a contract are expensed as incurred.

<u>Income taxes</u>

The Member of the Company has elected to be treated as an LLC and taxed as a partnership under provisions of the Internal Revenue Code which provide that in lieu of corporation income taxes, the Member is taxed on the Company's taxable income. The Company has evaluated its tax positions, expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings and believes that no provision for income taxes is necessary, at this time, to cover any uncertain tax positions.

RoyaltyTraders, LLC<br> d/b/a SongVest<br> Notes to Unaudited Financial Statements

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

<u>Advertising</u>

The Company expenses advertising costs as incurred which totaled $0 and $11,520 for the six months ended June 30, 2025 and June 30, 2024, respectively.

<u>Restructuring</u>

In October 2024, the Company underwent a restructuring ("October 2024 Restructuring"), whereby the Company, through a series of transactions, became a wholly-owned subsidiary of SAJA, and certain aspects of our operations – primarily, the ownership and operation of the SongVest Platform – were distributed to SAJA and SAJA transferred the related assets and liabilities to a newly-formed sister entity, RT2 LLC ("RT2"), which is also a wholly-owned subsidiary of SAJA.

In connection with the October 2024 Restructuring, all shareholders of RoyaltyTraders LLC entered into a contribution and exchange agreement with SAJA, pursuant to which all the holders of common and preferred stock exchanged their interests in RoyaltyTraders LLC for identical interests in SAJA, whereby SAJA became the sole member of RoyaltyTraders LLC.

Also in connection with the October 2024 Restructuring, the Company entered into an assignment and assumption agreement with RT2 and SAJA, pursuant to which SAJA assigned certain assets of the Company, primarily related to the SongVest Platform, to RT2. In connection therewith, SAJA and RT2 assumed certain liabilities of the Company, primarily related to the SongVest Platform. As a result of this series of transactions, RT2 became the owner and operator of the SongVest Platform. The Company entered into a services agreement with RT2, pursuant to the which RT2 agreed to provide staff, technology, administration and marketing/sales support functions to the Company as necessary to carry out the Company's business plan. In particular, RT2 agreed to allow the Company to utilize the SongVest Platform to market and conduct its offerings of Royalty Share Units. In consideration for the services to be provided by RT2, the Company agreed to pay to RT2, on a monthly basis, twenty percent (20%) of monthly net income earned by the Company.

The following is a summary of assets distributed and liabilities assumed by SAJA and RT2 in connection with the October 2024 Restructuring:

---

| | |
|:---|:---|
| **Assets Distributed** |  |
| &nbsp;&nbsp;&nbsp; Accounts receivable, net | $184013 |
| &nbsp;&nbsp;&nbsp; Royalty music advances | 81550 |
| &nbsp;&nbsp;&nbsp; Capital software, net | 16678 |
| &nbsp;&nbsp;&nbsp; Due to related party | 956956 \* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total transferred assets | 1239197 |
| **Liabilities Assumed** |  |
| &nbsp;&nbsp;&nbsp; Accounts payable | (656276) |
| &nbsp;&nbsp;&nbsp; Escrow payable | (564038) |
| &nbsp;&nbsp;&nbsp; SAFE | (123505) |
| &nbsp;&nbsp;&nbsp; Accrued interest |  |
| &nbsp;&nbsp;&nbsp; Notes payable – related party | - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total liabilities | (1343819) |
|  | $(104622) |

---

\* Remained due to SAJA as of December 31, 2024. The balance due to SAJA and corresponding restricted cash is included on the accompanying December 31, 2024 Balance Sheet.

On March 31, 2025, related-party promissory notes payable in the amount of $1,327,000 and interest accrued related to these same promissory notes payable of $443,100 was transferred from RoyaltyTraders LLC to SAJA LLC, resulting in a reduction of $1,770,100 in liabilities from the balance sheet of RoyaltyTraders LLC.

RoyaltyTraders, LLC<br> d/b/a SongVest<br> Notes to Unaudited Financial Statements

3. ALLOWANCE FOR CREDIT LOSSES

The Company had the following activity related to its allowance for expected credit losses for the period ended June 30, 2025 and the year ended December 31, 2024:

---

| | | |
|:---|:---|:---|
|  | June 30,<br> 2025 | December 31,<br> 2024 |
|  | (Unaudited) | |
| Beginning balance | $- | $25445 |
| Provision for expected credit losses | - | - |
| Transfer of A/R and allowance to RT2 LLC | - | (25445) |
|  | $- | $- |

---

4. MUSIC ROYALTY ADVANCES

Management periodically will receive requests from a music royalty holder asking for an advance on upcoming music royalty closings that are brokered by the Company and will be settled in the near term. The Company will issue advances to these holders as a non-interest bearing receivable that will be repaid with upcoming closing proceeds. The collateral on these advances are the music royalties that are cataloged and offered for sale to music investors. Management periodically reviews the list of outstanding advances and records an impairment on any advances that are deemed not collectible. There was no impairment recorded as of December 31, 2024 and ownership of the assets was transferred to RT2 during the year.

5. PROPERTY AND EQUIPMENT

During 2021, the Company developed a website to allow easy access to review available music royalties and allow investors to scan the available music offerings and make applications for investment. The website went live in January 2022 at which time the asset was placed in service to be amortized over the estimated useful life of three years. Additional development costs are capitalized and maintenance costs are expensed as incurred.

Property and equipment consisted of the following:

---

| | | |
|:---|:---|:---|
|  | June 30,<br> 2025  | December 31,<br> 2024 |
|  | (Unaudited) | |
| Filing costs - 3 year capitalized | 68500 | 68500 |
| Filing costs - amortization | (12261) | (938) |
|  | $56239 | $67562 |

---

Amortization expense on filing costs totaled $11,323 and $938 for the six months ended June 30, 2025 and the year ended December 31, 2024, respectively.

RoyaltyTraders, LLC<br> d/b/a SongVest<br> Notes to Unaudited Financial Statements

6. NOTE PAYABLE

In March 2023, the Company completed placement of a $100,000 promissory note with an investor. The promissory note bore interest at 10% through the maturity date of July 31, 2023 and 2% for each month after the maturity date through December 31, 2023. The promissory note was subsequently extended through January 31, 2025 and again through December 31, 2025, with monthly extension payments of $2,000 and one balloon payment on the date of maturity. Subsequent to December 31, 2025, the holder of the promissory note extended the maturity date of the note by six months to June 30, 2026. During the six months ended June 30, 2025, the Company recognized $12,000 in interest costs.

7. RELATED PARTY TRANSACTIONS

In 2021 the Company completed placement of a $300,000 convertible promissory note and issuance of a warrant to purchase common units with a related party. In October 2022, the Company completed placement of a convertible promissory note - line of credit up to $300,000 and issuance of a warrant to purchase common units with a related party. The line of credit was fully drawn as of January 2024. The warrants were exercised in May 2024. The note was transferred to SAJA in March 2025. Conversion had not occurred prior to when the note was transferred to SAJA. The Company completed placement of additional promissory notes with a related party as follows: $250,000 in 2022, $250,000 in 2023, and $227,000 in 2024. Related party promissory notes totaled $1,327,000 as of December 31, 2024. In May 2024, all outstanding warrants were exercised and the related debt agreements were modified to remove the possibility of future warrants from being issued. The promissory notes and related accrued interest payable balances were transferred to SAJA LLC in March 2025. Conversion of the convertible notes had not occurred as of March 2025 when the notes were transferred to SAJA.

During the six months ended June 30, 2025 and 2024, the Company recognized $48,005 and $89,299, respectively in related party interest costs.

The net carrying amount of the related party notes were as follows:

---

| | | |
|:---|:---|:---|
|  | June 30,<br> 2025 | December 31,<br> 2024 |
|  | (Unaudited) | |
| Notes payable, related party | $1327000 | $1327000 |
| Transfer of note payable to related party | (1327000) |  |
| Less current maturities | - | (827000) |
|  | $- | $500000 |

---

RoyaltyTraders, LLC<br> d/b/a SongVest<br> Notes to Unaudited Financial Statements

8. SIMPLE AGREEMENT FOR FUTURE EQUITY

In 2022, the Company entered into a Simple Agreement for Future Equity ("SAFE"). The Company withdrew $0 and $28,974 of the cash flow raised during 2024 and 2023, respectively. The SAFE would automatically convert into Conversion Units upon the closing of the next equity financing wherein the Company sells equity for gross proceeds greater than $250,000. In the event of a Company transaction prior to the next equity financing, defined as the sale of substantially all of the Company's assets with a transfer whether by merger, consolidation or otherwise of more than 50% of the outstanding voting securities, the Company would pay the Holder an amount equal to the proceeds the Holder would have received in such Company transaction, if the SAFE had converted into Conversion Units at the SAFE price immediately prior to the Company transaction. Neither such Company transaction nor equity financing occurred as of the October 2024 Restructuring when the SAFE transferred to SAJA.

9. LEASES

The Company leased an office space and a residential apartment. The operating leases are short-term leases that have an expected term of 12 months or less at lease commencement. Lease costs associated with the short-term leases totaled $0 and $7,082 for the six months ended June 30, 2025 and 2024, respectively. Leases were assigned and assumed by RT2 LLC as a result of the October 2024 Restructuring.

10. MEMBERS' EQUITY

All equity units issued by the Company were assigned to SAJA LLC during 2024.

11. GOING CONCERN

The Company is a start up with expected operating losses. The Company continues to fund these losses with additional equity contributions and debt advanced by related parties and other financing sources during the operating year. The advances are not fully committed through April 2026. The Company had operated at a net loss in 2024 of $522,309 and the cash flow from operations was negative $508,970. The Company had operated at a net loss of for the first six months of June 2025 $91,702 and the cash flow from operations was negative $943,107. The promissory note outstanding at June 30, 2025 has a current maturity date in the coming 12 months. These facts and circumstances raise substantial doubt about the Company's ability to continue as a going concern for a period of 12 months from the date of these financial statements.

The financial statements have been prepared on a going concern basis, which assumes that the Company will be able to meet all of its payment obligations through February 2027. Management acknowledges that uncertainty remains over the ability of the Company to meet its funding requirements and to refinance or repay its borrowing facility as it comes due. If for any reason the Company is unable to continue as a going concern, it could have an impact on the Company's ability to realize assets at their recognized values, in particular website software and other intangible assets, and to extinguish liabilities in the normal course of business at the amounts stated in the financial statements.

12. SUBSEQUENT EVENTS

The Company evaluated all subsequent events through February 2, 2026, the date the financial statements were available to be issued.

**PART III – EXHIBITS**

**Exhibit Index**

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 1.1 | [Broker-Dealer Agreement with Dalmore Group LLC<sup>&</sup>](royaltytraders_ex1-1.htm) |
| 2.1 | [Certificate of Formation of RoyaltyTraders LLC\*](https://www.sec.gov/Archives/edgar/data/1855626/000182912621004217/royaltytraders_ex2-1.htm) |
| 2.2 | [Amended and Restated Limited Liability Company Agreement of RoyaltyTraders LLC<sup>@@@</sup>](https://www.sec.gov/Archives/edgar/data/1855626/000182912624006867/royaltytraders_ex2-2.htm) |
| 4.1 | [Form of Subscription Agreement\*\*](https://www.sec.gov/Archives/edgar/data/1855626/000182912621017208/royaltytraders_ex4-1.htm) |
| 6.1 | ["Hit the Quan" Royalty Share Agreement\*](https://www.sec.gov/Archives/edgar/data/1855626/000182912621004217/royaltytraders_ex6-5.htm) |
| 6.2 | [Form of Listing Agreement<sup>@@@</sup>](https://www.sec.gov/Archives/edgar/data/1855626/000182912624006867/royaltytraders_ex6-2.htm) |
| 6.3 | ["Chippass" Royalty Share Agreement\*\*\*](https://www.sec.gov/Archives/edgar/data/1855626/000182912622014697/royaltytraders_ex6-9.htm) |
| 6.4 | ["Fear No More" Royalty Share Agreement^^](https://www.sec.gov/Archives/edgar/data/1855626/000182912622019401/royaltytraders_ex6-14.htm) |
| 6.5 | ["Onyx, Travis Scott, The Notorious B.I.G.& More" Royalty Share Agreement^^^](https://www.sec.gov/Archives/edgar/data/1855626/000182912622020477/royaltytraders_ex6-15.htm) |
| 6.6 | ["Cross Me" Royalty Share Agreement^^](https://www.sec.gov/Archives/edgar/data/1855626/000182912622019401/royaltytraders_ex6-13.htm) |
| 6.7 | ["Young L" Royalty Share Agreement<sup>+</sup>](https://www.sec.gov/Archives/edgar/data/1855626/000182912623001595/royaltytraders_ex6-18.htm) |
| 6.8 | ["Cainon Lamb" Royalty Share Agreement<sup>+</sup>](https://www.sec.gov/Archives/edgar/data/1855626/000182912623001595/royaltytraders_ex6-19.htm) |
| 6.9 | ["Erik Cain" Royalty Share Agreement<sup>+</sup>](https://www.sec.gov/Archives/edgar/data/1855626/000182912623001595/royaltytraders_ex6-20.htm) |
| 6.10 | ["No Scrubs – TLC Version", "Creep – TLC Version", and "Diggin' On You – TLC Version" Royalty Share Agreement (and Form of Addendum)<sup>++</sup>](https://www.sec.gov/Archives/edgar/data/1855626/000182912623004142/royaltytraders_ex6-22.htm) |
| 6.11 | [OneOf Agreement (and Form of Addendum)<sup>++</sup>](https://www.sec.gov/Archives/edgar/data/1855626/000182912623004142/royaltytraders_ex6-21.htm) |
| 6.12 | [Amended and Restated Promissory Note originally issued on March 27, 2023 ($100000)<sup>++</sup>](https://www.sec.gov/Archives/edgar/data/1855626/000182912623004142/royaltytraders_ex6-23.htm) |
| 6.13 | [Amendment to Amended and Restated Promissory Note originally issued on March 27, 2023 ($100000)<sup>@</sup>](https://www.sec.gov/Archives/edgar/data/1855626/000182912624004276/royaltytraders_ex6-23.htm) |
| 6.14 | ["Swish Swish" Royalty Share Agreement<sup>#</sup>](https://www.sec.gov/Archives/edgar/data/1855626/000182912623007547/royaltytraders_ex6-24.htm) |
| 6.15 | ["Beyonce's Radio" Royalty Share Agreement<sup>@@</sup>](https://www.sec.gov/Archives/edgar/data/1855626/000182912624004496/royaltytraders_ex6-27.htm) |
| 6.16 | ["Beyonce - Countdown and More #2" Royalty Share Agreement<sup>@@</sup>](https://www.sec.gov/Archives/edgar/data/1855626/000182912624004496/royaltytraders_ex6-30.htm) |
| 6.17 | ["Young Thug – Best Friend" Royalty Share Agreement<sup>@@</sup>](https://www.sec.gov/Archives/edgar/data/1855626/000182912624004496/royaltytraders_ex6-32.htm) |
| 6.18 | [Contribution and Exchange Agreement – Sean Peace<sup>@@@</sup>](https://www.sec.gov/Archives/edgar/data/1855626/000182912624006867/royaltytraders_ex6-29.htm) |
| 6.19 | [Contribution and Exchange Agreement – Alex Guiva<sup>@@@</sup>](https://www.sec.gov/Archives/edgar/data/1855626/000182912624006867/royaltytraders_ex6-30.htm) |
| 6.20 | [Asset Transfer (Assignment and Assumption) Agreement dated October 17, 2024 between the Company and RT2, LLC<sup>@@@</sup>](https://www.sec.gov/Archives/edgar/data/1855626/000182912624006867/royaltytraders_ex6-31.htm) |
| 6.21 | [Services Agreement dated October 11, 2024 between the Company and RT2, LLC<sup>@@@</sup>](https://www.sec.gov/Archives/edgar/data/1855626/000182912624006867/royaltytraders_ex6-32.htm) |
| 6.22 | ["Under Pressure" Royalty Share Agreement<sup>= =</sup>](https://www.sec.gov/Archives/edgar/data/1855626/000182912624008333/royaltytraders_ex6-31.htm) |
| 6.23 | ["I Want It All" Royalty Share Agreement<sup>= =</sup>](https://www.sec.gov/Archives/edgar/data/1855626/000182912624008333/royaltytraders_ex6-32.htm) |
| 6.24 | ["The Show Must Go On" Royalty Share Agreement<sup>= =</sup>](https://www.sec.gov/Archives/edgar/data/1855626/000182912624008333/royaltytraders_ex6-33.htm) |
| 6.25 | ["Bohemian Rhapsody Soundtrack" Royalty Share Agreement<sup>= =</sup>](https://www.sec.gov/Archives/edgar/data/1855626/000182912624008333/royaltytraders_ex6-34.htm) |
| 6.26 | ["A Kind of Magic" Royalty Share Agreement<sup>= =</sup>](https://www.sec.gov/Archives/edgar/data/1855626/000182912624008333/royaltytraders_ex6-35.htm) |
| 6.27 | ["Duran Duran's Ordinary World" Royalty Share Agreement <sup>&&</sup>](https://www.sec.gov/Archives/edgar/data/1855626/000182912625001983/royaltytraders_ex6-37.htm) |
| 6.28 | ["Duran Duran's Come Undone" Royalty Share Agreement <sup>&&</sup>](https://www.sec.gov/Archives/edgar/data/1855626/000182912625001983/royaltytraders_ex6-38.htm) |
| 6.29 | [Taboo (feat. Angelica Nicole) – "Stand Strong" Royalty Share Agreement<sup>&</sup>](royaltytraders_ex6-29.htm) |
| 6.30 | [Chris Brown – "Go Crazy" Royalty Share Agreement<sup>&</sup>](royaltytraders_ex6-30.htm) |
| 6.31 | [Jeremih – "Birthday Sex" Royalty Share Agreement<sup>&</sup>](royaltytraders_ex6-31.htm) |
| 6.32 | [Sean Paul (feat. Dua Lipa) - "No Lie" Royalty Share Agreement<sup>&</sup>](royaltytraders_ex6-32.htm) |
| 6.33 | [Jason Derulo (feat. French Montana) - "Tip Toe" Royalty Share Agreement<sup>&</sup>](royaltytraders_ex6-33.htm) |
| 6.34 | ["Chris Brown & Pitbull – Vol. 1" Royalty Share Agreement<sup>&</sup>](royaltytraders_ex6-34.htm) |
| 6.35 | ["Bebe, Drake & Nelly Furtado Vol. 1" Royalty Share Agreement<sup>&</sup>](royaltytraders_ex6-35.htm) |

---

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 6.36 | [The Struts – "Body Talks" Royalty Share Agreement<sup>&</sup>](royaltytraders_ex6-36.htm) |
| 6.37 | [Dua Lipa – "Blow Your Mind" Royalty Share Agreement<sup>&</sup>](royaltytraders_ex6-37.htm) |
| 6.38 | [Kat Dahlia – "I Think I'm In Love" Royalty Share Agreement<sup>&</sup>](royaltytraders_ex6-38.htm) |
| 6.39 | [One Direction – "Nobody Compares & Last First Kiss" Royalty Share Agreement<sup>&</sup>](royaltytraders_ex6-39.htm) |
| 6.40 | [One Direction – "Kiss You" Royalty Share Agreement<sup>&</sup>](royaltytraders_ex6-40.htm) |
| 6.41 | [One Direction – "Live While We're Young" Royalty Share Agreement<sup>&</sup>](royaltytraders_ex6-41.htm) |
| 6.42 | [Rachel Platten – "Better Place" Royalty Share Agreement<sup>&</sup>](royaltytraders_ex6-42.htm) |
| 6.43 | [Rachel Platten – "Stand by You" Royalty Share Agreement<sup>&</sup>](royaltytraders_ex6-43.htm) |
| 6.44 | [Rachel Platten – "Fight Song" Royalty Share Agreement<sup>&</sup>](royaltytraders_ex6-44.htm) |
| 6.45 | [Arianna Grande & Lady Gaga – "Rain On Me" Royalty Share Agreement<sup>&</sup>](royaltytraders_ex6-45.htm) |
| 6.46 | ["Kenny G – Vol 1" Royalty Share Agreement<sup>&</sup>](royaltytraders_ex6-46.htm) |
| 6.47 | ["Michael Bolton – Vol. 1" Royalty Share Agreement<sup>&</sup>](royaltytraders_ex6-47.htm) |
| 6.48 | ["Michael Bolton – Vol. 2" Royalty Share Agreement<sup>&</sup>](royaltytraders_ex6-48.htm) |
| 6.49 | [Mariah Carey – "Without You" Royalty Share Agreement<sup>&</sup>](royaltytraders_ex6-49.htm) |
| 6.50 | [Mariah Carey – "Hero" Royalty Share Agreement<sup>&</sup>](royaltytraders_ex6-50.htm) |
| 6.51 | [Mariah Carey – "One Sweet Day" Royalty Share Agreement<sup>&</sup>](royaltytraders_ex6-51.htm) |
| 6.52 | [Mariah Carey – "Love Takes Time" Royalty Share Agreement<sup>&</sup>](royaltytraders_ex6-52.htm) |
| 6.53 | ["Mariah Carey – Vol. 1" Royalty Share Agreement<sup>&</sup>](royaltytraders_ex6-53.htm) |
| 8.1 | [Form of Escrow Agreement<sup>&</sup>](royaltytraders_ex8-1.htm) |
| 11 | [Consent of Auditor<sup>&</sup>](royaltytraders_ex11.htm) |
| 12 | [Opinion on legality of the offered Royalty Share Units<sup>&</sup>](royaltytraders_ex12.htm) |
| 13 | [Testing the Waters for "Taboo – Stand Strong"<sup>&</sup>](royaltytraders_ex13.htm) |

---

---

| | |
|:---|:---|
| <sup>&</sup> | Filed herewith. |
| <sup>&&</sup> | Incorporated by reference to the exhibit to the company's offering statement on Form 1-A POS filed with the SEC on March 21, 2025. |
| <sup>@</sup> | Incorporated by reference to the exhibit to the company's Form 1-K filed with the SEC on June 18, 2024. |
| <sup>@@</sup> | Incorporated by reference to the exhibit to the company's offering statement on Form 1-A POS filed with the SEC on July 1, 2024. |
| <sup>@@@</sup> | Incorporated by reference to the exhibit to the company's Semi-Annual Report on Form 1-SA filed with the SEC on October 18, 2024. |
| <sup>#</sup> | Incorporated by reference to the exhibit to the company's offering statement on Form 1-A POS filed with the SEC on November 17, 2023. |
| \* | Incorporated by reference to the exhibit to the company's offering statement on Form 1-A filed with the SEC on May 21, 2021, and incorporated by reference herein. |
| \*\* | Incorporated by reference to the exhibit to the company's offering statement on Form 1-A POS filed December 29, 2021, and incorporated by reference herein. |
| \*\*\* | Incorporated by reference to the exhibit to the company's offering statement on Form 1-A POS filed July 27, 2022 and incorporated by reference herein. |
| ^ | Incorporated by reference to the exhibit to the company's semi-annual report on Form 1-SA filed September 27, 2022. |
| ^^ | Incorporated by reference to the exhibit to the company's offering statement on Form 1-A POS filed November 18, 2022. |
| ^^^ | Incorporated by reference to the exhibit to the company's offering statement on Form 1-A POS filed December 21, 2022. |
| + | Incorporated by reference to the exhibit to the company's offering statement on Form 1-A POS filed with the SEC on February 17, 2023, and incorporated by reference herein. |
| ++ | Incorporated by reference to the exhibit to the company's offering statement on Form 1-A POS filed with the SEC on June 14, 2023, and incorporated by reference herein. |
| +++ | Incorporated by reference to the exhibit to the company's offering statement on Form 1-A POS filed with the SEC on July 19, 2023, and incorporated by reference herein. |
| = | Incorporated by reference to the exhibit to the company's offering statement on Form 1-A filed with the SEC on October 21, 2024. |
| = = | Incorporated by reference to the exhibit to the company's offering statement on Form 1-A/A filed with the SEC on December 16, 2024. |

---

**SIGNATURES**

Pursuant to the requirements of Regulation A, the issuer certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form 1-A and has duly caused this offering statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Raleigh, State of North Carolina, on March 4, 2026.

---

| | |
|:---|:---|
| **ROYALTYTRADERS LLC** | **ROYALTYTRADERS LLC** |
| By: | */s/ Sean Peace* |
|  | Sean Peace |
|  | Manager of SAJA, LLC, the Manager of RoyaltyTraders LLC |

---

This offering statement has been signed by the following persons, in the capacities, and on the dates indicated.

---

| | | |
|:---|:---|:---|
| **SIGNATURE** | **TITLE** | **DATE** |
| */s/ Sean Peace* | Manager of SAJA, LLC, the Manager of RoyaltyTraders LLC, principal executive officer, principal financial officer, and principal accounting officer | on March 4, 2026 |
| Sean Peace |  |  |
| */s/ Alexander Guiva* | Manager of SAJA, LLC, the Manager of RoyaltyTraders LLC | on March 4, 2026 |
| Alexander Guiva |  |  |

---

## Ex1A-1

**Exhibit 1.1**

![](ex1-1_001.jpg)

**<u>Broker-Dealer Agreement</u>**

This agreement (together with exhibits and schedules, the "<u>Agreement</u>") is entered into by and between <u>RoyaltyTraders LLC</u> ("<u>Client</u>"), and Dalmore Group, LLC., a Delaware Limited Liability Company ("Dalmore"). Client and Dalmore agree to be bound by the terms of this Agreement, effective as <u>10-14-2024</u> (the "<u>Effective Date</u>"):

**WHEREAS,** Dalmore is a registered broker-dealer providing services in the equity and debt securities market, including offerings conducted via exemptions from registration with the Securities Exchange Commission ("<u>SEC</u>");

**WHEREAS,** Client is offering securities directly to the public in an offering exempt from registration under Regulation A (the "<u>Offering</u>"); and

**WHEREAS**, Client recognizes the benefit of having Dalmore as a broker dealer of record and service provider for investors who participate in the Offering (collectively, the "<u>Investors</u>").

**NOW, THEREFORE**, in consideration of the mutual promises and covenants contained herein and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

 **1. Appointment, Term, and Termination.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; a. **Services**. Client hereby engages Dalmore to perform the services listed on <u>Exhibit A</u> attached hereto and made apart hereof, in connection with the Offering (the "<u>Services</u>"). Unless otherwise agreed to in writing by the parties, the services to be performed by Dalmore are limited to those Services.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; b. **Term**. The Agreement will commence on the Effective Date and will remain in effect for a period of twelve (12) months and will renew automatically for successive renewal terms of twelve (12) months each unless any party provides notice to the other party of non-renewal at least sixty (60) days prior to the expiration of the current term. If Client defaults in performing the obligations under this Agreement, the Agreement may be terminated (i) upon written notice if Client fails to perform or observe any material term, covenant or condition to be performed or observed by it under this Agreement and such failure continues to be unremedied, (ii) upon written notice, if any material representation or warranty made by Client proves to be incorrect at any time in any material respect, or (iii) upon written notice if Client or Dalmore commences a voluntary proceeding seeking liquidation, reorganization or other relief, or is adjudged bankrupt or insolvent or has entered against it a final and unappealable order for relief, under any bankruptcy, insolvency or other similar law, or either party executes and delivers a general assignment for the benefit of its creditors.

![](ex1-1_001.jpg)

**2. Compensation.** As compensation for the Services, Client shall pay to Dalmore the following fees:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; a. A fee equal to one percent (1%) on the aggregate amount raised by the Client (the "<u>Offering Fee</u>"). The Offering Fee shall only be payable after the Financial Industry Regulatory Authority ("<u>FINRA</u>") department of Corporate Finance issues a no objection letter (the "<u>No Objection Letter</u>") for the Offering. Client authorizes Dalmore to deduct the Offering Fee directly from the Client's third-party escrow or payment account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; b. A one-time expense fee of five thousand ($5,000) for out-of-pocket expenses incurred by Dalmore (the "<u>Expense Fee</u>"). The Expense Fee is due and payable upon execution of this Agreement. The Expense Fee shall cover expenses anticipated to be incurred by the firm such as FINRA filings and any other expenses incurred by Dalmore in connection with the Offering. Notwithstanding the foregoing, Dalmore will refund to the Client any portion of the Expense Fee that remains unused.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; c. A one-time consulting fee of twenty thousand ($10,000) (the "<u>Consulting Fee</u>"), due and payable within five (5) days of receipt of the No Objection Letter. In the event the Consulting Fee is not paid by the first closing, Client authorizes Dalmore to deduct the Consulting Fee directly from the Client's third-party escrow or payment account upon the first closing. Consulting fees payable under this Agreement are not refundable for any reason.

**3. Regulatory Compliance**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Client and all its third-party providers shall at all times (i) maintain all required registrations and licenses, including foreign qualification, if necessary; and (iii) pay all related fees and expenses (including all fees associated with FINRA filings), in each case that are necessary or appropriate to perform their respective obligations under this Agreement.

FINRA Corporate Filing Fee for this $20,000,000, best efforts offering will be $3,500 and will be a pass-through fee payable to Dalmore, from the Client, who will then forward it to FINRA as payment for the filing. Since this Offering involves ongoing filings, Dalmore will invoice the Client for the FINRA fee due and the $1,000 1-APOS filing fee prior to each filing. This fee is due and payable prior to any submission by Dalmore to FINRA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Client and Dalmore will each be responsible for supervising the activities and training of their respective sales employees, as well as all of their other respective employees in the performance of functions specifically allocated to them pursuant to the terms of this Agreement.

![](ex1-1_001.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Client and Dalmore agree to promptly notify the other concerning any material communications from or with any Governmental Authority or Self-Regulatory Organization with respect to this Agreement or the performance of its obligations unless such notification is expressly prohibited by the applicable Governmental Authority.

**4. Role of Dalmore.** Client acknowledges and agrees that Dalmore's sole responsibilities in connection with an Offering are set forth on Exhibit A, and that Dalmore is strictly acting in an administrative and compliance capacity as the broker dealer of record, and is not being engaged by the Client to act as an underwriter or placement agent in connection with the Offering. Dalmore will use commercially reasonable efforts to perform the Services. Dalmore (i) makes no representations with respect to the quality of any investment opportunity; (ii) does not guarantee the performance of any Investor; (iii) is not soliciting or approaching investors in connection with the Offering, (iv) is not an investment adviser, does not provide investment advice and does not recommend securities transactions, (v) in performing the Services is not making any recommendation as to the appropriateness, suitability, legality, validity or profitability of the Offering, and (vi) does not take any responsibility for any documentation created and used in connection with the Offering.

 **5. Indemnification.** Client shall indemnify and hold Dalmore, its affiliates and their representatives and agents harmless from, any and all actual or direct losses, liabilities, judgments, arbitration awards, settlements, damages and costs (collectively, "<u>Losses</u>"), resulting from or arising out of any third party suits, actions, claims, demands or similar proceedings (collectively, "Proceedings") to the extent they are based upon (i) a breach of this Agreement by Client, (ii) the wrongful acts or omissions of Client, or (iii) the Offering.

**6. Confidentiality.** For purposes of this Agreement, the term "Confidential Information" means all confidential and proprietary information of a party, including but not limited to (i) financial information, (ii) business and marketing plans, (iii) the names of employees and owners, (iv) the names and other personally-identifiable information of users of the third-party provided online fundraising platform, (v) security codes, and (vi) all documentation provided by Client or Investor, but shall not include (i) information already known or independently developed by the recipient without the use of any confidential and proprietary information, or (ii) information known to the public through no wrongful act of the recipient. During the term of this Agreement and at all times thereafter, neither party shall disclose Confidential Information of the other party or use such Confidential Information for any purpose without the prior written consent of such other party. Without limiting the preceding sentence, each party shall use at least the same degree of care in safeguarding the other party's Confidential Information as it uses to safeguard its own Confidential Information. Notwithstanding the foregoing, a party may disclose Confidential Information (i) if required to do by order of a court of competent jurisdiction, provided that such party shall notify the other party in writing promptly upon receipt of knowledge of such order so that such other party may attempt to prevent such disclosure or seek a protective order; or (ii) to any applicable governmental authority as required by applicable law. Nothing contained herein shall be construed to prohibit the SEC, FINRA, or other government official or entities from obtaining, reviewing, and auditing any information, records, or data. Client acknowledges that regulatory record-keeping requirements, as well as securities industry best practices, require Dalmore to maintain copies of practically all data, including communications and materials, regardless of any termination of this Agreement.

![](ex1-1_001.jpg)

**7. Notices**. Any notices required by this Agreement shall be in writing and shall be addressed, and delivered or mailed postage prepaid, or faxed or emailed to the other parties hereto at such addresses as such other parties may designate from time to time for the receipt of such notices. Until further notice, the address of each party to this Agreement for this purpose shall be the following:

If to the Client:

RoyaltyTraders LLC

1053 East Whitaker Mill Rd

Raleigh NC<br> 27604

Attn: Sean Peace CEO

Tel:

Email:

If to Dalmore:

Dalmore Group, LLC

530 7th Avenue,

Suite 902<br> New York, NY, 10018

Attn: Etan Butler, Chairman

Tel:

Email:

![](ex1-1_001.jpg)

**8. Miscellaneous.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; a. ANY DISPUTE OR CONTROVERSY BETWEEN THE CLIENT AND PROVIDER RELATING TO OR ARISING OUT OF THIS AGREEMENT WILL BE SETTLED BY ARBITRATION BEFORE AND UNDER THE RULES OF THE ARBITRATION COMMITTEE OF FINRA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; b. This Agreement is non-exclusive and shall not be construed to prevent either party from engaging in any other business activities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; c. This Agreement will be binding upon all successors, assigns or transferees of Client. No assignment of this Agreement by either party will be valid unless the other party consents to such an assignment in writing. Either party may freely assign this Agreement to any person or entity that acquires all or substantially all of its business or assets. Any assignment by the either party to any subsidiary that it may create or to a company affiliated with or controlled directly or indirectly by it will be deemed valid and enforceable in the absence of any consent from the other party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; d. Neither party will, without prior written approval of the other party, reference such other party in any advertisement, website, newspaper, publication, periodical or any other communication, and shall keep the contents of this Agreement confidential in accordance with the provisions set forth herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; e. THE CONSTRUCTION AND EFFECT OF EVERY PROVISION OF THIS AGREEMENT, THE RIGHTS OF THE PARTIES UNDER THIS AGREEMENT AND ANY QUESTIONS ARISING OUT OF THE AGREEMENT, WILL BE SUBJECT TO THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICT OF LAW PRINCIPLES TO THE EXTENT SUCH APPLICATION WOULD CAUSE THE LAWS OF A DIFFERENT STATE TO APPLY. The language used in this Agreement shall be deemed to be the language chosen by the parties to express their mutual intent, and no rule of strict construction will be applied against any party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; f. If any provision or condition of this Agreement is held to be invalid or unenforceable by any court, or regulatory or self-regulatory agency or body, the validity of the remaining provisions and conditions will not be affected and this Agreement will be carried out as if any such invalid or unenforceable provision or condition were not included in the Agreement.

![](ex1-1_001.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; g. This Agreement sets forth the entire agreement between the parties with respect to the subject matter hereof and supersedes any prior agreement relating to the subject matter herein. The Agreement may not be modified or amended except by written agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; h. This Agreement may be executed in multiple counterparts and by facsimile or electronic means, each of which shall be deemed an original but all of which together shall constitute one and the same agreement.

[**SIGNATURES APPEAR ON FOLLOWING PAGE(S)**]

![](ex1-1_001.jpg)

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

---

| | |
|:---|:---|
| **RoyaltyTraders LLC** | **RoyaltyTraders LLC** |
| By | */s/ Sean Peace* |
| Name: | Sean Peace |
| Its: | CEO |
| **Dalmore Group, LLC:** | **Dalmore Group, LLC:** |
| By | */s/ Etan Butler* |
| Name: | Etan Butler |
| Its: | Chairman |

---

![](ex1-1_001.jpg)

**Exhibit A**

**Services:**

a. Review Investor information, including KYC (Know Your Customer) data, AML (Anti-Money Laundering), OFAC
compliance background checks (it being understood that KYC and AML processes may be provided by a qualified third party);

b. Review each Investor's subscription agreement to confirm such Investor's
participation in the Offering, and provide confirmation of completion of such subscription documents to Client;

c. Contact and/or notify the issuer, if needed, to gather additional information or
clarification on an Investor;

d. Keep Investor information and data confidential and not disclose to any third-party except as required
by regulatory agencies or in our performance under this Agreement (e.g. as needed for AML and background checks);

e. Coordinate with third party providers to ensure adequate review and compliance;

f. Provide, or coordinate the provision by a third party, of an
"invest now" payment processing mechanism, including connection to a qualified escrow agent.

## Ex1A-6

**Exhibit 6.29**

**ROYALTY OPTION AGREEMENT**

This Royalty Option Agreement ("**Agreement**") is entered into as of January 7, 2026, by and between RoyaltyTraders LLC dba SongVest, a Delaware limited liability company ("**SongVest**") at 1053 East Whitaker Rd Suite 115, Raleigh, NC 27604, and [_] ("**Seller**") and, collectively with SongVest, the "**Parties.**"

WHEREAS, Seller is granting to SongVest an exclusive option to enter into the Transaction, which option shall be deemed exercised in the event the Option Threshold is satisfied.

WHEREAS, Subject to the satisfaction of the Option Threshold hereunder, Seller will sell to SongVest the right to receive Royalties deriving from the Portfolio during the Royalty Periods (as listed on Schedule A), and SongVest will issue proceed rights units (each a "Unit" and collectively the "**Proceed Rights**") to a third party investor (the "**Investor**") in and to such Royalties via the SongVest website (the "**Site**") as further set forth herein (collectively, the "**Transaction**").

WHEREAS, the Parties desire to memorialize their agreement regarding the Royalties to be directed and paid to SongVest in exchange for the payment of the Purchase Price to Seller.

NOW, THEREFORE, the Parties hereby agree as follows:

**Certain Defined Terms**. For purposes of this Agreement, the following terms shall have the meanings set forth below:

"**Assets**" means the assets contained in the Portfolio (e.g., Sound Recordings, sound recordings) as listed on Schedule A attached hereto and made a part hereof and expressly excluding Compositions and Video.

"**Auction Period**" means the dates during which the Test the Waters Auction is held and ending on the last day of the Test the Waters Auction.

"**Artist(s)** means those recording artists whose musical performances are embodied in the Assets contained in the Portfolio, if any, and as set forth on Schedule A.

"**Compositions**" means those musical compositions the titles of which are set forth on Schedule A, if any, said compositions embodied in the Sound Recording, not subject to the terms of this Agreement, all rights expressly reserved by Seller and any writers and representative publishers, as the case may be.

"**Distributor(s)**" means any third-party distributor, including a record label or online digital distribution company, engaged by Seller, that sells, markets, and/or distributes sound recordings as digital audio recordings embodying the Assets.

"**Fees and Expenses**" means the third party documented fees and expenses, including Anticipated Fees, incurred by SongVest for its time and effort to place the Proceed Rights into the Offering and market the Units and Proceed Rights to the general public. Fees and Expenses include, without limitation, third party legal and other regulator costs related to completing the Offering memorandum and closing. Anticipated Fees are outlined in Schedule B, though actual Fees and Expenses may differ.

"**Net Revenue**" means the Royalties generated from the Portfolio Assets less any service fee charged by the Distributor (or other third party), any legal and accounting fees, costs of collection, including but not limited to legal fees and court costs, and current taxes and other third party payments payable during the current period as withheld by the Distributor (or other third party) or for which Seller is otherwise responsible for, for the sole purpose of remittal to an entity with taxing authority in the normal course of business.

"**Offering**" means the offering held by SongVest via the Site wherein the Investor is issued the Units and Proceed Rights.

"**Option Threshold**" means an amount equal to the sum of (i) the Purchase Price that has been raised and secured by SongVest through the Offering; and (ii) the amount set forth on Schedule B, if any. For the avoidance of doubt, if SongVest does not secure an amount equal to or in excess of the Option Threshold, through the Offering, the Option Threshold will not be deemed satisfied.

"**Percentage Interest**" means the percentage of Seller's revenue that SongVest is entitled to receive from the Seller with respect to the Revenue Sources, whereunder the Agreement the Percentage Interest is fifty percent (50%) (such interest being the maximum percentage of the identified income stream [e.g. net Sound Recording revenues] that will be allocated to SongShare units during the royalty period).

"**Portfolio**" means the portfolio of Assets as set forth on Schedule A.

"**PRO**" means Seller's public performance rights organization, if any.

"**Purchase Price**" means the final purchase price for the Royalties by SongVest as set forth on Schedule A.

"**Sound Recordings**" means those sound recordings embodying the performances of Artist(s) and set forth on Schedule A, if any.

"**Sound Recording Owner's Share**" means the share of revenue earned by the party owning the sound recording copyrights underlying the Sound Recordings.

"**Revenue Sources**" means those sources of revenue earned and actually received by Seller's Distributor and from which the Royalties are derived from the Assets, namely revenues derived from the streaming of the Sound Recordings, record sales, licensing, or digital sales as facilitated by Seller's Distributor or Seller, Seller having the sole and exclusive right to determine and approve the terms of Sound Recording exploitation in connection with such Revenue Sources in Seller's sole discretion (e.g. establish and agree to distribution terms, licensing terms, etc.).

"**Royalty Period**" means, with respect to the Royalties, the period commencing with the initial payment of the Royalties to the Investor and ending on such date as set forth in Schedule A.

"**Royalties**" means the royalties payable to SongVest in connection with the Portfolio that derive from the Revenue Sources based on the Percentage Interest.

"**Royalty Interest**" means the percentage of the Royalties that SongVest is entitled to as set forth in Schedule A based on the Percentage Interest.

"**Seller Agreements**" means those agreements between Seller and third parties, including Artists and/or Distributors, wherein Seller is entitled to receive the Percentage Interest of all Assets.<br>

"**Streaming**" means the Net Revenue payable to Seller derived from the Portfolio (including all Assets) from Distributor, Artist, Publisher, and/or PRO, as applicable, from all digital streaming platforms (e.g., Spotify) and reported by any source (digital service providers, SoundExchange, Distributor or other companies collecting streaming income on the Portfolio).

"**Term**" means the term of this Agreement, which Term shall commence on the date of signature of this Agreement and continue until the earlier of (a) the date that the Option Threshold is deemed to not be satisfied and (b) the date that all Royalties payable during the Royalty Period have been paid to SongVest, but in no case later than twenty (20) years from the Closing of the Offering per Schedule "A" attached hereto. For the avoidance of doubt, in the event the Option Threshold has been satisfied, SongVest's option to enter into the Transaction shall be deemed exercised and the Term shall continue through the date that all Royalties payable hereunder have been paid to SongVest.

"**Test the Waters Auction**" is a means in which SongVest may hold a pre-auction at SongVest.com website, where individuals can bid, through a second-price auction process. SongVest will use this process to gauge interest in the auction to help us finalize the number of shares and price per share of the Units.

"**Videos**" means those audiovisual recordings of Sound Recordings and set forth on Schedule A, if any, which shall not be subject to the terms of this Agreement, all rights expressly reserved by Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. **Transaction/Offering.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller hereby grants to SongVest the exclusive right during the Term to conduct the Offering, and at SongVest's discretion, a Test The Waters Auction prior thereto via the Site for the Auction Period to determine the feasibility of the Offering, such feasibility based on the results of the Test the Waters Auction to be mutually agreed upon. Upon the conclusion of the Offering, and solely in the event the Option Threshold is satisfied, SongVest's option to enter into the Transaction shall be deemed exercised and Seller shall irrevocably assign, grant and convey the rights to the Royalties to SongVest for the entire duration of the Royalty Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. SongVest shall be solely responsible for the payment of the Proceed Rights to the Investor from the Royalties received from Seller (or Distributor as the case may be via the Direction Letters as further defined below) hereunder throughout the Royalty Period. Seller shall execute the irrevocable notice of assignments (the "Direction Letters", also referred to herein as "LOD") attached hereto as Exhibit "A," in which Seller will direct Distributors, as applicable, and shall direct any other third-party Revenue Source, such Revenue Source as further defined on Schedule "A", to pay directly to SongVest fifty percent (50%) of the Royalties. The Direction Letter shall remain in full effect, is irrevocable, and Seller shall never attempt to modify the terms of the Direction Letter or notify a Distributor that the Royalties should no longer be directed to SongVest except where such agreement with Distributor

expires or is otherwise terminated by Distributor or Seller, in which case Seller shall account to SongVest as required under the Direction Letter. Seller shall also execute, after review by Seller's legal counsel, any other document as a Distributor, Publisher, PRO (as applicable) or SongVest may require to assure such assignment. Notwithstanding the foregoing, in no event shall Seller be liable for any failure of Distributor to pay pursuant to the Direction Letter, provided however Seller shall use reasonable efforts to enforce all its rights and remedies in connection therewith in Seller's sole discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Promptly upon the conclusion of the Offering and receipt of the full Purchase Price therefor, but in no case beyond thirty (30) days from said receipt, SongVest will pay Seller the full amount of the Purchase Price to Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Notwithstanding the foregoing or anything herein to the contrary, in the event the Option Threshold is not satisfied (i.e., the full Purchase Price is not secured during the Offering), or the parties do not mutually agree the Offering is feasible, based on the Test The Waters Auction, as noted above, no rights to Royalties or any other revenue or property of Seller shall transfer to SongVest hereunder, SongVest's option to enter into the Transaction shall be waived, and the Term of this Agreement shall terminate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **Royalties**. In consideration of the Purchase Price paid to Seller hereunder, during the Royalty Period, Seller hereby agrees to pay (or direct payment) from all applicable third parties, including Distributor and/or Artist) all Royalties received from the following Assets and applicable Revenue Sources, as applicable hereunder and listed in Schedule A, in connection with the Portfolio as follows:

**Sound Recordings:** Revenue earned by Seller in connection with the sale and exploitation of the Sound Recordings in the Portfolio, if applicable, will be paid at the Percentage Interest and for the applicable Revenue Sources (e.g., Streaming) as set forth in Schedule A. Sales shall be determined by reference to the royalty statements from the royalties credited to Seller by Distributor, Artist or other third party for the applicable calendar quarter or bi-yearly, which shall be conclusive and binding upon the Parties, absent manifest error.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. **Accounting**:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. A. Seller shall, pursuant to irrevocable letters of direction ("LOD"), a copy of which is attached hereto as Exhibit A, direct and use reasonable efforts to cause Distributor, Artist, and/or other third party, as applicable, and where such party is set up to accommodate and agrees to accept said LOD, that distributes Assets and accounts to Seller in connection with Royalties therefor, to account and pay all Royalties to SongVest for the entire Royalty Period at the same time and on the same terms as such party is required to account to Seller. Where said third party does not accept said LOD, Seller shall account to SongVest directly as noted in Section B below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. In the event Distributor, Artist, and/or other third party, as applicable, fails to account or pay Royalties to SongVest directly via the LOD as required hereunder, Seller shall account to SongVest on a semi-annual calendar basis via a statement and pay all Royalties earned during such period no later than forty five (45) days after receipt by Seller of such Royalties, but in no case more frequently than semi-annually. Royalties accounted for in any semi-annual period of less than five hundred dollars ($500) shall be added to the next accounting period and paid out upon the following accounting period that exceeds five hundred dollars ($500 USD). (All payments shall be made to SongVest via wire transfer of immediately available funds pursuant to SongVest's written instructions for same. In the event Seller conducts an audit of any of Distributor's or Artist's (or other distributor's or licenses) books and records regarding the sale of any Asset in the Portfolio at any time during the Term, such audit in Seller's sole discretion, Seller shall notify SongVest thereof and allow SongVest to participate in such audit, provided such participation is permitted under Seller's agreement with said Distributor, as it relates to sales of Portfolio. In the event Seller receives any proceeds or awards from any such audit or other claim relating to the Portfolio, Seller will in a reasonable time notify SongVest thereof and pay to SongVest its proportionate share of the proceeds (subject to a deduction therefrom of Seller's actual, verifiable costs in conducting such audit or claim). Upon SongVest's request therefor and subject to SongVest covering the costs thereof up front, Seller agrees to use reasonable good faith efforts to conduct an audit of Distributor's books and records related solely to accountings in connection with Royalties hereunder. In the event such audit reveals an underpayment of any monies due and payable in connection with Assets that were the subject of such audit, Seller shall request that such additional monies due Songvest hereunder are collected and paid directly to SongVest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. At any time within two (2) years after any statement is rendered to SongVest hereunder, SongVest shall have the right to, upon thirty (30) days written notice, examine Seller's books and records with respect to such statement. Such examination shall be at SongVest's sole cost and expense, by a certified public accountant or other qualified representative designated by SongVest. Such examination shall be made during Seller's usual business hours at the place where Seller maintains the books and records which relate to the Portfolio and which are necessary to verify the accuracy of the statement. Seller shall have no obligation to produce such books and records more than once with respect to each statement rendered to SongVest and said audit shall not be conducted more than once per calendar year. Unless notice shall have been given to Seller as provided hereinabove, each royalty statement rendered to SongVest shall be final, conclusive and binding on SongVest and shall constitute an account stated. SongVest shall be foreclosed from maintaining any action, claim or proceeding against Seller in any forum or tribunal with respect to any statement or accounting rendered hereunder unless such action, claim or proceeding is commenced against Company in a court of competent jurisdiction within eighteen (18) months after the date such statement or accounting is rendered.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **Representations, Warranties and Covenants**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) The Seller hereby represents, warrants and covenants to SongVest that as of the date hereof:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller: (i) owns and/or has the irrevocable, exclusive right to receive the Royalties free and clear of any mortgage, pledge, lien, charge, security interest, encumbrance, restriction or adverse claim of any nature whatsoever (collectively, "Liens"), other than any tax obligation that Seller must satisfy in connection with the purchase and sale of the Royalties hereunder, (ii) is not aware of any Liens being asserted against the Royalties, (iii) has not consented to the imposition of any Liens on the Royalties and (iv) has not sold, assigned, transferred or otherwise encumbered any of Seller's rights in the Royalties to any person or entity other than SongVest;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Seller is competent to enter into (and understands the terms of) this Agreement and has been represented by tax and accounting advisors and legal counsel in the negotiation and execution of this Agreement, or knowingly waived Seller's right to do so;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Seller intends to (and shall) fully and timely satisfy all tax obligations of Seller flowing from this Agreement from the proceeds Seller receives from SongVest hereunder; In the event Seller fails to satisfy tax obligations flowing from this Agreement, SongVest will not be subject to liability on behalf of Seller;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Seller shall indemnify, defend and hold harmless SongVest, its agents, attorneys, employees, officers, directors, successors and assigns (collectively, the Indemnified Parties") from and against all claims, losses, damages, penalties, judgments, lawsuits and all related costs and expenses of any nature (including legal fees and costs) (collectively, "Costs") which may be incurred by or asserted against any of the Indemnified Parties arising out of a uncured material breach of the terms of this Agreement by Seller, namely related to, or in connection with, this Agreement or any rights assigned or granted to SongVest hereunder, the Sound Recordings, and/or other Assets (or any of them), or any uncured material breach by Seller of Seller's obligations, agreements, covenants, representations and/or warranties in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Seller has all necessary right, power, legal capacity and authority, and all necessary actions on the part of Seller (including action required to be taken by Seller's officers, directors, shareholders, trustees, executors or representatives) have been duly and validly taken to authorize Seller: (i) to own the Royalties; (ii) to sell, assign and transfer the Royalties as provided herein; (iii) to effectuate the execution and delivery of this Agreement; (iv) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (v) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. No approvals or consents of any persons or entities other than Seller are necessary in connection therewith, including, without limitation, any approval or consent

by the Artists, Distributor, any co-writers or owners of the Assets, and/or any third-party publishers or PRO's, as applicable. SongVest has all necessary right, power, legal capacity and authority to (i) sell, market (directly or indirectly) advertise or promote securities as that term is understood by the U.S. Securities and Exchange Commission (SEC) including any related to the Portfolio, (ii) to effectuate the execution and delivery of this Agreement; (iii) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (iv) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. This Agreement is legal, valid, and binding upon the Parties and is enforceable in accordance with its terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. As of the date of execution of this Agreement, Seller has no outstanding, unrecouped, and /or unearned advances in respect of or affecting the Royalties and, at no time during the Term will Seller enter into any agreement affecting the payment of Royalties hereunder, including, without limitation, any agreement whereby Seller receives any advance or other monies that are recoupable from (or otherwise reduce) Royalties payable hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. All federal, state and local taxes accrued or owing to and including the date of execution of this Agreement arising out of or in connection with the Royalties, including without limitation any sales or transfer taxes resulting from the transaction contemplated herein, if any, have been or will be paid or caused to be paid by Seller. The Royalties are free and clear of any and all liens, charges, mortgages, pledges, claims, encumbrances, obligations or liabilities of any kind or nature whatsoever whether accrued, absolute, contingent or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Throughout the entire Term, Seller shall use its reasonable efforts in its sole discretion to ensure that Distributor and/or Seller continuously pays Royalties, and that, for no less than a thirty six (36) month period, Distributor and/or Seller makes available the Assets contained in the Portfolio as digital sound recording assets for public sale, and that the entire Portfolio shall remain in Distributor's catalog during the term of Seller's agreement with said Distributor, and in no event shall any portion thereof be deleted therefrom unless same is the subject of any bona-fide dispute with any of Seller's distributors, Publishers, or PRO or said agreement with Distributor expires or is terminated. Further, Seller shall not, at any time during the Royalty Period, sell, assign, transfer or otherwise dispose of any Asset contained in the Portfolio (or any portion thereof) except where the assignee under such sale, assignment, transfer or/or other disposition, takes all rights thereunder expressly subject to the terms of this Agreement. The foregoing restriction shall not apply to any of Sellers's distributors, Publishers, or PROs, or Seller or Artist wholly owned and/or controlled entities, provided Seller shall provide written notice to SongVest of any sale by the foregoing promptly upon receiving notice from such third parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Seller has not assigned, pledged or otherwise transferred or encumbered the rights in the Royalties or any other rights being granted hereunder and has not and will not grant any rights or incur any obligations with respect to the Sound Recording that are inconsistent with the rights granted herein or Seller's obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. Seller, or wholly owned and/or controlled entity where Seller assigns such right to said entity under Section h. above, will maintain the power, right and authority to perform its obligations hereunder at all times during the Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k. Each Seller Agreement is: (i) in full force and effect as of the date hereof, and shall remain in effect throughout the entire Term and (ii) a valid and binding agreement between Seller and the applicable third party (e.g., Artist) wherein Seller is irrevocably entitled to receive and retain all Royalties with respect to the Assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l. Unless otherwise provided for under this Agreement, at no time during the Term shall Seller terminate, rescind, revoke or attempt to terminate, rescind or revoke such Seller Agreement or any LOD without the prior written approval of SongVest, not unreasonably withheld. Notwithstanding the foregoing, it shall not be a breach of the terms of this Agreement for Seller to switch or otherwise change Distributor(s) in its sole discretion and as such terminate the prior LOD with said former Distributor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;m. Notwithstanding any term of this Agreement, as Sound Recordings are often ephemeral assets, Seller shall have the option to discontinue exploitation of the Sound Recording and the applicable Distributor relationship (LOD), as the case may be, at any time after five (5) years from the Offering date where the Sound Recording ceases to produce meaningful revenues and the aggregate Net Revenues from all Royalty Sources are less than Two Hundred Fifty Dollars ($250.00 USD) in the aggregate during any consecutive twelve (12) month period, as determined by Seller in its reasonable discretion exercised in good faith.

For the avoidance of doubt, following such five (5) year period, Seller's election to discontinue exploitation pursuant to this Section shall not constitute a breach of any obligation to maintain availability of the Assets under this Agreement.

Seller shall maintain reasonable books and records evidencing such Net Revenues.

Provided, however, that should Seller reactivate exploitation of the Sound Recording in any manner, or otherwise receive or become entitled to receive any Net Revenues thereafter, any such Net Revenues received therefrom, including for the avoidance of doubt any pipeline monies (including monies from prior, delayed, or accrued uses of the Sound Recording in the marketplace), shall be subject to the provisions of this Agreement and due and payable as required hereunder.

ii) SongVest hereby represents, warrants, and covenants to Seller that as of the date hereof:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. SongVest has the right and authority to structure, facilitate, and conduct the Offering in accordance with applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. SongVest has the full power, legal capacity, and authority to enter into and perform this Agreement, and this Agreement constitutes a legal, valid, and binding obligation of SongVest enforceable in accordance with its terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. SongVest shall conduct the Offering in material compliance with applicable federal and state securities laws and regulations governing the Offering as conducted by SongVest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. SongVest shall indemnify, defend, and hold harmless Seller and its affiliates from and against losses, damages, and reasonable out-of-pocket costs to the extent arising directly from SongVest's material breach of this Agreement or SongVest's willful misconduct or gross negligence in connection with the Offering, **excluding** any matters arising from Seller-provided information, Seller's breach of this Agreement, or the Assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. SongVest has all necessary rights, licenses, and authority to market, offer, and facilitate the sale of securities in connection with the Offering, as contemplated hereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. **Distribution**. Seller agrees that if, prior to the expiration of the Term, and subject to Section 3. above, Seller becomes aware that Distributor or Artist no longer has rights to distribute or exploit all or any of the Assets in the Portfolio or if Artist or Distributor is assigning rights in the Assets to any party or licensing rights to a new third party distributor or other entity (wherein a new entity has the right to sell Assets and is obligated to account to Seller [or other rights holder] for all sales thereof) (or otherwise the applicable Distributor or Artist desires to make such change), Seller agrees to notify, in writing, SongVest at least sixty (60) days in advance of said change (or, as reasonably soon as Seller is made aware of such change). Such notice shall include the titles of the Portfolio which shall be the subject matter of such change, and the particular change to be made. Seller further agrees to cooperate with SongVest and take whatever actions are necessary, complete and execute any necessary paperwork, documents and instruments (including, without limitation, new LODs) and submit same to the new distributor, licensee, publisher and/or owner, as applicable, so that the entire grant and assignment agreed upon in this Agreement shall continue to be paid to SongVest, if required, uninterruptedly. Seller agrees that any royalties collected by Seller which should have been paid to SongVest per this Agreement will be paid directly to SongVest by Seller on a semi-annual calendar basis within forty five (45) days after the end of each such semi-annual period thereof (as further set forth in Section 2 above). In the event SongVest requires that Royalties be paid to SongVest directly from the applicable Distributor or Artist, Seller agrees to execute and deliver to Distributor or Artist, as applicable, the LOD upon reasonable notice thereof by SongVest such LOD subject at all times to said Distributor approval. For the avoidance of doubt, Seller shall have the right to change Distributors in Seller's sole discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **Successors & Assigns**. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, permitted assigns, heirs, executors and administrators. Neither party may assign any of its rights hereunder; provided, however, that either party may assign this Agreement or any of its rights hereunder to a third party which agrees to assume such assigning party's obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. **Notices**. All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been given (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); or (c) on the third (3<sup>rd</sup>) day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications must be sent 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 6**):

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| | |
|:---|:---|
| If to Seller: | [_] |
| If to SongVest: | RoyaltyTraders, LLC dba SongVest |
|  | 1053 East Whitaker Mill Road, Suite 115 |
|  | Raleigh, NC 27604 |
|  | Attention: President |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. **Choice of Law**. This Agreement shall be governed by and construed in accordance with the laws of the State of Tennessee, USA (without regard to its conflicts of law doctrines) as if this Agreement were entered into and wholly to be performed therein. All actions arising out of or relating to this Agreement shall be brought in the State or Federal courts in Davidson County, Tennessee, and the parties hereby submit to the jurisdiction of such courts. If any legal action or other proceeding is brought for the enforcement of this Agreement or as a result of a breach, default or misrepresentation in connection with any of the provisions of this Agreement, the successful or prevailing party shall be entitled to recover reasonable attorneys' fees and other costs insured in such action or proceeding in addition to any other relief to which such party may be entitled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. **Entire Agreement; Modifications; Headings**. This Agreement, together with the Closing Documents, constitute the entire understanding between the Parties with respect to the transactions contemplated herein and supersede all other agreements and understandings between the Parties; provided, however, that in the event of any conflict, the terms of this Agreement shall prevail. No modification of this Agreement shall be valid unless in writing and signed by both Parties. The titles and headings of the various articles and sections in this Agreement are intended solely for convenience of reference and are not intended for any other purpose whatsoever or to explain, modify, or place any construction on any of the provisions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. **Counterparts; Facsimile Signatures**. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same instrument. A signed copy of this Agreement delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement.

[Signatures to be provided on following page]

IN WITNESS WHEREOF, the Parties have executed this Agreement under seal (each Party adopting the word "SEAL" as its true and lawful seal) as of the date first set forth above.

---

| | |
|:---|:---|
| **SongVest:** | **SongVest:** |
| RoyaltyTraders LLC dba SongVest | RoyaltyTraders LLC dba SongVest |
| By: | (SEAL) |
| Name: | Sean Peace |
| Title: | Founder/CEO |
| **Seller:** | **Seller:** |
| [_] | [_] |
| By: | (SEAL) |
| Name: | [_] |
| Title: | President |

---

**SCHEDULE A** 

**PORTFOLIO/REVENUE SOURCES/PERCENTAGE INTERESTS**

1. **Royalty Period –** Commencing on <u>the date of the closing of the Offering</u> and ending upon <u>twenty (20) years from such Offering closing</u>.

2. **Assets** – The following are the type(s) of Assets contained in the Portfolio:

---

| | | |
|:---|:---|:---|
| **TITLE** | **ISRC CODE** | **SELLER'S % INTEREST** |
| See attached Sound<br> Recordings List Exhibit B | See attached Sound<br> Recordings List Exhibit B | 50% Artist's Share |

---

3. **Percentage Interests** – The Percentage Interest in Seller's Revenue Sources is <u>Fifty percent (50%)</u>.

4. **Revenue Sources** – The Revenue Sources from sales and/or exploitations of Assets are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Type:

**Single Master <u>Sound Recording</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. Share:

**<u>Artist's Share</u>**

5. **Distributors –** The current Distributors, Labels, and/or PROs, as applicable, of Assets:

**<u>Symphonic Distribution, Inc</u>.**

6. **Purchase Price and Royalty Interest** – The Purchase Price shall be equal to either (i) the "Minimum" set forth below; (ii) the "Maximum" set forth below; or (iii) a number in between the "Minimum" and "Maximum" set forth below:

● <u>Minimum</u>: $<u>20,000.00</u> $<u>10,000</u>, which shall entitle SongVest to <u>10</u> % Royalty Interest in the Royalties **<sup>(1)</sup>** 

● <u>Maximum</u>: $<u>100,000.00</u>, which shall entitle SongVest to a <u>50</u> % Royalty Interest in the Royalties (such interest being the maximum percentage of the identified income stream, namely net Sound Recording revenues, that will be allocated to SongShare units during the royalty period) **<sup>(1)</sup>** 

7. **Artist** – The musical group or recording artist whose performances are embodied in the Asset(s) is:

Taboo

***(1)***  ***For any Purchase Price that falls between the Minimum or Maximum amounts set forth above, the Royalty Interest in the Royalties to which SongVest shall be entitled will be calculated by multiplying the Purchase Price by a fraction, for which the numerator shall be the Purchase Price, and the denominator shall be the Maximum amount set forth above.*** 

Sch. A-1

**SCHEDULE B: FEES AND EXPENSES**

SongVest intends to collect a fee equal to a maximum of 26% of the Purchase Price as compensation for its role in facilitating the Transaction.

The Purchase Price agreed to by the Seller herein is not reduced by the aforementioned fees. SongVest may elect to forego these fees at its sole discretion.

Sch. B-1

**EXHIBIT A**

Symphonic Distribution, Inc.

Re: <u>Notice of Assignment of Income</u>

Gentlepersons:

Reference is made to the Royalty Option Agreement between ____________________), ("Seller"), and RoyaltyTraders LLC dba SongVest. ("Purchaser"), effectively dated January 7, 2026, a copy of which is attached hereto (the "Assignment"). Capitalized terms used herein which are not defined herein shall have the meanings ascribed thereto in the Assignment.

As evidenced by the Assignment, Purchaser acquired from Seller, throughout the world, the exclusive right to receive and collect <u>fifty percent</u> (<u>50%)</u> of Seller's share of royalties from the Sound Recordings (and other Assets) accrued and unpaid and hereafter accruing (the "Assigned Royalties"). Accordingly, from and after January 7, 2026, you are to remit all of the Assigned Royalties, regardless of when earned, to Purchaser, and send them along with any corresponding statements, notices and correspondence to:

RoyaltyTraders, LLC dba SongVest

Attn: Royalty Payments Dept.

1053 East Whitaker Rd Suite 115

Raleigh, NC 27604

Or electronically to <u>finance@songvest.com</u>

Please confirm your receipt of this notice.

---

| |
|:---|
| Very Truly Yours, |
| [_] |

---

**EXHIBIT B**

Complete Sound Recordings List (Compositions and Video expressly excluded.)

---

| | |
|:---|:---|
| **ISRC** | **Title** |
| QZZEB2560368 | Stand Strong |

---

## Ex1A-6

**Exhibit 6.30**

**ROYALTY OPTION AGREEMENT**

This Royalty Option Agreement ("**Agreement**") is entered into as of October 15, 2025, by and between RoyaltyTraders LLC dba SongVest, a Delaware limited liability company ("**SongVest**") at 1053 East Whitaker Rd Suite 115, Raleigh, NC 27604, and [_] ("**Seller**") and, collectively with SongVest, the "**Parties.**"

WHEREAS, Seller is granting to SongVest an exclusive option to enter into the Transaction (as defined below);

WHEREAS, subject to satisfaction of the Option Threshold (as defined below), Seller will sell to SongVest the right to receive Royalties deriving from the Portfolio during the Royalty Periods (as listed on Schedule A), and SongVest will issue proceed rights units (each, a "**Unit**," and collectively, the "Proceed Rights") to third-party investors via the SongVest platform;

WHEREAS, the Parties desire to memorialize their agreement regarding the Royalties to be directed and paid to SongVest in exchange for payment of the Purchase Price to Seller;

NOW, THEREFORE, in consideration of the mutual covenants herein, the Parties agree as follows:

**Certain Defined Terms**. For purposes of this Agreement, the following terms shall have the meanings set forth below:

"**Assets**" means the assets contained in the Portfolio (e.g., Sound Recordings, Compositions) as listed on Schedule A attached hereto and made a part hereof.

"**Artist(s)**" means those recording artists whose musical performances are embodied in the Assets contained in the Portfolio, if any, and as set forth on Schedule A.

"**Compositions**" means those musical compositions the titles of which are set forth on Schedule A, if any.

"**Distributor(s)**" means any third-party distributor, including a record label or online digital distribution company, that sells, markets, and/or distributes sound recordings embodying the Assets.

"**Fees and Expenses**" means the fees and expenses, including Anticipated Fees, incurred by SongVest for its time and effort to place the Proceed Rights into the Offering and market the Units and Proceed Rights to the general public. Fees and Expenses include, without limitation, legal and other regulator costs related to completing the Offering memorandum and closing. Anticipated Fees are outlined in Schedule B, though actual Fees and Expenses may differ.

"**Net Revenue**" means the Royalties generated from the Portfolio Assets less any service fee charged by the Distributor (or other third party) and current taxes payable during the current period as withheld by the Distributor (or other third party) for the sole purpose of remittal to an entity with taxing authority in the normal course of business.

"**Offering**" means the offering held by SongVest via the Site wherein investors are issued the Units and Proceed Rights.

"**Option Threshold**" means $1.00.

"**Percentage Interest**" means the percentage of Seller's revenue that is available for SongVest to receive from the Seller with respect to the Revenue Sources, up to a maximum of Thirty- Three Point Three Three Percent (33.3%), subject to clause 6 of Schedule A.

"**Portfolio**" means the portfolio of Assets as set forth on Schedule A.

"**PRO**" means Seller's public performance rights organization, if any.

"**Purchase Price**" means the purchase price for the Royalties by SongVest as set forth on Schedule A.

"**Sound Recordings**" means those sound recordings embodying the performances of Artist(s) and set forth on Schedule A, if any.

"**Revenue Sources**" means those sources of revenue earned and received by Seller and from which the Royalties are derived from the Assets, which may include, as set forth herein, streaming of the Sound Recordings, record sales, neighboring rights, licensing, or digital sales.

"**Royalty Period**" means, with respect to the Royalties, the period commencing with the initial payment of the Royalties to SongVest and ending on such date as set forth in Schedule A.

"**Royalties**" means the royalties payable to SongVest in connection with the Portfolio that derive from the Revenue Sources based on the Percentage Interest.

"**Royalty Interest**" means the percentage of the Royalties that SongVest is entitled to as set forth in Schedule A based on the Percentage Interest.

"**Seller Agreements**" means those agreements between Seller and third parties, including Artists and/or Distributors, wherein Seller is entitled to receive the Percentage Interest of all Assets.<br>

"**Streaming**" means the Net Revenue payable to Seller derived from the Portfolio (including all Assets) from Distributor, Artist, Publisher, and/or PRO, as applicable, from all digital streaming platforms (e.g., Spotify) and reported by any source (digital service providers, SoundExchange, Distributor or other companies collecting streaming income on the Portfolio).

"**Term**" means the term of this Agreement, which Term shall commence on the date of signature of this Agreement and continue until the earlier of (a) the date that is twelve (12) months following the Effective Date, if the Option Threshold has not been satisfied by such date; or (b) the date on which all Royalties payable with respect to all Royalty Interests sold and closed hereunder have been paid in full to SongVest. For the avoidance of doubt, upon satisfaction of the Option Threshold, SongVest's option to enter into the Transaction shall be deemed exercised, and the Term shall continue through the expiration of all applicable Royalty Periods with respect to Royalty Interests sold and closed, regardless of whether the Offering is completed or additional Royalty Interests are sold.

"**Videos**" means those audiovisual recordings of Sound Recordings and set forth on Schedule A, if any.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. **Transaction/Offering.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller
 hereby grants to SongVest the exclusive right during the Term to conduct the Offering. SongVest may conduct the Offering
 in one or more closings, including on a rolling or quarterly basis, in SongVest's sole discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The
 Parties acknowledge and agree that the **Option Threshold shall be deemed satisfied upon the funding of at least One Dollar ($1.00)**. Upon satisfaction of the Option Threshold, SongVest's option shall be deemed exercised with respect to
 the Royalty Interests sold and closed from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The
 Offering may be closed in one or more closings (each, a "**Closing** "). At each Closing, Seller shall irrevocably
 assign, grant, and convey to SongVest the applicable pro rata Royalty Interest corresponding solely to the portion of the
 Purchase Price funded at such Closing, as further set forth on Schedule A. No Royalty Interest shall vest or accrue except
 with respect to amounts actually sold and closed. Royalties attributable to Royalty Interests sold at a given Closing shall
 accrue only from and after such Closing and shall not relate back to any prior period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Promptly
 following each Closing, and in any event within five (5) business days of such Closing, SongVest shall remit to Seller the
 Purchase Price (without any deduction or set-off) funded at such Closing, in accordance with the payment instructions provided
 to SongVest by Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **Royalties**. Seller agrees that, during the applicable Royalty Periods, all Royalties derived from the Portfolio Assets and applicable Revenue Sources shall be paid or directed to SongVest in accordance with this Agreement and Schedule A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. **Administration Election:** Seller shall administer Royalties in one of the following manners, as elected by Seller in writing (Seller hereby elects
option (ii)(Seller Administration)):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. **Letters of Direction ("LODs").** Seller shall execute and maintain irrevocable letters of direction directing applicable distributors,
publishers, administrators, PROs, and other revenue sources to remit directly to SongVest the applicable pro rata share of Royalties
corresponding to Royalty Interests sold and closed; **or** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. **Seller Administration.** Seller shall continue to administer and collect all Royalties and shall remit to SongVest, on a quarterly basis (or
such other period as set forth on Schedule A), the applicable pro rata share of Royalties corresponding to Royalty Interests sold and
closed.

Unless and until the Parties mutually agree otherwise in writing, Seller may continue Seller Administration indefinitely, including following the completion of the Offering.

Notwithstanding anything herein to the contrary, Seller shall only be required to execute or maintain Letters of Direction to the extent Seller elects LOD-based administration pursuant to this Section or as otherwise required under the "Change in Ownership; Sale of Fund" section below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. **Third-Party Noncompliance:** Seller shall use commercially reasonable efforts to cause applicable third parties to comply with the
 elected administration method. In the event of any failure by a third party to remit Royalties as required, Seller shall
 remain responsible for remitting to SongVest the applicable Royalties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. **Audit and Reporting:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. If
Seller elects Letters of Direction ("LODs") pursuant to the Administration Election above (or if LODs are required under
the "Change in Ownership; Sale of Fund" section below), Seller shall execute and maintain irrevocable letters of direction
("LOD"), a copy of which is attached hereto as Exhibit A, directing Distributor, Artist, Publisher, PRO and/or other third
party, as applicable, to account and pay to SongVest the applicable pro rata share of Royalties corresponding to Royalty Interests sold
and closed for the entire Royalty Period at the same time and on the same terms as such party is required to account to Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. If
Seller elects Seller Administration pursuant to the Administration Election above (or if Seller elects Letters of Direction ("LODs")
pursuant to the Administration Election above (or if LODs are required under the "Change in Ownership; Sale of Fund" section
below), and if Distributor, Artist, Publisher, PRO and/or other third party, as applicable, fails to account or pay Royalties to SongVest
directly as required hereunder and instead pays such Royalties to Seller), Seller shall account to SongVest via a statement and pay all
Royalties earned and received by Seller during such period no later than thirty (30) days after receipt by Seller of such Royalties.
All payments shall be made to SongVest via wire transfer of immediately available funds pursuant to SongVest's written instructions
for same. In the event Seller conducts an audit of any of Distributor's or Artist's (or other distributor's, publishers,
PRO's or licenses) books and records regarding the sale of any Asset in the Portfolio at any time during the Term, Seller shall
notify SongVest thereof and allow, to the extent Seller has the right to allow, SongVest to participate in such audit as it relates to
sales of Portfolio. In the event Seller receives any proceeds or awards from any such audit or other claim relating to the Portfolio,
Seller will immediately notify SongVest thereof and pay to SongVest its proportionate share of the proceeds (subject to a deduction therefrom
of Seller's actual, verifiable costs in conducting such audit or claim). Upon SongVest's request therefor and subject to
SongVest covering the costs thereof, Seller agrees, to the extent Seller has the right to do so, to conduct an audit of Distributor's
or Artist's books and records related solely to accountings in connection with Royalties hereunder. In the event such audit reveals
an underpayment of any monies due and payable in connection with Assets that were the subject of such audit, Seller shall ensure that
such additional monies are collected and paid directly to SongVest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. At
 any time within two (2) years after any statement is rendered to SongVest hereunder, SongVest shall have the right to, upon
 thirty (30) days written notice, examine Seller's books and records with respect to such statement. Such examination
 shall be at SongVest's sole cost and expense, by a certified public accountant or other qualified representative designated
 by SongVest. Such examination shall be made during Seller's usual business hours at the place where Seller maintains
 the books and records which relate to the Portfolio and which are necessary to verify the accuracy of the statement. Seller
 shall have no obligation to produce such books and records more than once with respect to each statement rendered to SongVest.
 Unless notice shall have been given to Seller as provided hereinabove, each royalty statement rendered to SongVest shall
 be final, conclusive and binding on SongVest and shall constitute an account stated. SongVest shall be foreclosed from maintaining
 any action, claim or proceeding against Seller in any forum or tribunal with respect to any statement or accounting rendered
 hereunder unless such action, claim or proceeding is commenced against Seller in a court of competent jurisdiction within
 eighteen (18) months after the date such statement or accounting is rendered. All audit, accounting, reporting, payment timing,
 and interest provisions shall apply on a pro rata basis solely with respect to Royalty Interests sold and closed from time
 to time pursuant to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. At
any time within two (2) years after any payment is rendered to Seller by SongVest hereunder, Seller shall have the right, upon thirty
(30) days' written notice, to examine SongVest's books and records solely to the extent reasonably necessary to verify the
calculation and accuracy of such payment to Seller under this Agreement. Such examination shall be limited to records directly related
to the determination of the amount payable to Seller hereunder and shall expressly exclude any records relating to (i) investor subscriptions,
allocations, or distributions, (ii) the Offering or any securities-related matters, or (iii) any systems, records, escrow accounts, or
processes maintained by North Capital or any other third-party service provider acting in a securities, escrow, or administrative capacity
in connection with the Offering. Any such examination shall be conducted at Seller's sole cost and expense, during SongVest's
usual business hours, and no more than once with respect to any payment. Unless notice is given as provided herein, each payment shall
be final, conclusive, and binding upon Seller and shall constitute an account stated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **Seller's Representations, Warranties and Covenants**. The Seller hereby represents, warrants and covenants to SongVest that as of the date hereof:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller:
 (i) owns and/or has the irrevocable, exclusive right to receive the Royalties free and clear of any mortgage, pledge, lien,
 charge, security interest, encumbrance, restriction or adverse claim of any nature whatsoever (collectively, "Liens"),
 other than any tax obligation that Seller must satisfy in connection with the purchase and sale of the Royalties hereunder,
 (ii) is not aware of any Liens being asserted against the Royalties, (iii) has not consented to the imposition of any Liens
 on the Royalties and (iv) has not sold, assigned, transferred or otherwise encumbered any of Seller's rights in the
 Royalties to any person or entity other than SongVest;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Seller
 is competent to enter into (and understands the terms of) this Agreement and has been represented by tax and accounting advisors
 and legal counsel in the negotiation and execution of this Agreement, or knowingly waived Seller's right to do so;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Seller
 intends to (and shall) fully and timely satisfy all tax obligations of Seller flowing from this Agreement from the proceeds
 Seller receives from SongVest hereunder; In the event Seller fails to satisfy tax obligations flowing from this Agreement,
 SongVest will not be subject to liability on behalf of Seller;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Seller
 shall indemnify, defend and hold harmless SongVest, its agents, attorneys, employees, officers, directors, successors and
 assigns (collectively, the Indemnified Parties") from and against all claims, losses, damages, penalties, judgments,
 lawsuits and all related costs and expenses of any nature (including legal fees and costs) (collectively, "Costs")
 which may be incurred by or asserted against any of the Indemnified Parties arising out of, related to, or in connection
 with any breach or alleged breach by Seller of Seller's obligations, agreements, covenants, representations and/or
 warranties in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Seller
has all necessary right, power, legal capacity and authority, and all necessary actions on the part of Seller (including action required
to be taken by Seller's officers, directors, shareholders, trustees, executors or representatives) have been duly and validly taken
to authorize Seller: (i) to own the Royalties; (ii) to sell, assign and transfer the Royalties as provided herein; (iii) to effectuate
the execution and delivery of this Agreement; (iv) to execute and deliver those documents and instruments referred to in the Schedules
and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (v) to perform the
terms, conditions, and obligations hereof and the transactions contemplated hereby. No approvals or consents of any persons or entities
other than Seller are necessary in connection therewith, including, without limitation, any approval or consent by the Artists, Distributor,
any co-writers or owners of the Assets, and/or any third-party publishers or PRO's, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. As
 of the date of execution of this Agreement, Seller has no outstanding, unrecouped, and/or unearned advances in respect of
 or affecting the Royalties and, at no time during the Term will Seller enter into any agreement affecting the payment of
 Royalties hereunder, including, without limitation, any agreement whereby Seller receives any advance or other monies that
 are recoupable from (or otherwise reduce) Royalties payable hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. All
 federal, state and local taxes accrued or owing by Seller to and including the date of execution of this Agreement arising
 out of or in connection with the Royalties, including without limitation any sales or transfer taxes resulting from the transaction
 contemplated herein, if any, have been or will be paid or caused to be paid by Seller. The Royalties are free and clear of
 any and all liens, charges, mortgages, pledges, claims, encumbrances, obligations or liabilities of any kind or nature whatsoever
 whether accrued, absolute, contingent or otherwise, which would negatively affect the transfer to SongVest of the right to
 receive the Royalties hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Throughout
 the Term, Seller shall not take any voluntary action intended to materially impair, delay, or reduce the Royalties payable
 to SongVest pursuant to this Agreement. The foregoing restriction shall not apply to any of Sellers's distributors,
 Publishers, or PROs, provided Seller shall provide written notice to SongVest of any sale by the foregoing promptly upon
 receiving notice from such third parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Seller
 will not grant any rights or incur any obligations that are inconsistent with the rights granted herein or Seller's
 obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. Seller
will maintain the power, right and authority to perform its obligations hereunder at all times during the Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k. Each
 Seller Agreement is: (i) in full force and effect as of the date hereof, and shall remain in effect throughout the entire
 Term and (ii) a valid and binding agreement between Seller and the applicable third party (e.g., Artist) wherein Seller is
 irrevocably entitled to receive and retain all Royalties with respect to the Assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l. At
 no time during the Term shall Seller terminate, rescind, revoke or attempt to terminate, rescind or revoke such Seller Agreement
 or any LOD without the prior written approval of SongVest.

SongVest hereby represents, warrants and covenants to the Seller that as of the date hereof SongVest has all necessary right, power, legal capacity and authority to (i) sell, market (directly or indirectly) advertise or promote securities as that term is understood by the U.S. Securities and Exchange Commission (SEC) including any related to the Portfolio, (ii) to effectuate the execution and delivery of this Agreement; (iii) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (iv) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. This Agreement is legal, valid, and binding upon SongVest and is enforceable in accordance with its terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. **Distribution**. Seller shall notify SongVest of any change in distributor, administrator, publisher, or other revenue source and shall cooperate fully to ensure uninterrupted payment of Royalties to SongVest, including execution of replacement LODs if required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **Change in Ownership; Sale of Portfolio.** In the event Seller sells, transfers, assigns, or otherwise disposes of the Portfolio, any of the Assets, or any interest therein, or if there is any change of ownership or control of Seller (each, a "Change of Control Transaction"), Seller shall, and shall cause any acquiring or successor owner to, promptly take all actions necessary to ensure SongVest continues to receive its applicable share of Royalties without interruption or diminution.

Without limiting the foregoing, Seller shall ensure that all required assignments, notices, letters of direction, payee change forms, and other documentation are executed and delivered directly to all applicable distributors, publishers, administrators, collection societies, digital service providers, and other revenue sources to provide for SongVest to be paid directly, or through a mutually agreed payment mechanism, its applicable pro rata share of Royalties. Any acquiring or successor owner shall automatically assume responsibility for the ongoing administration of the Assets and shall remit to SongVest all Royalties due pursuant to this Agreement **without any deduction, offset, recoupment, or administration fee of any kind**. Seller acknowledges that injunctive relief and specific performance may be appropriate remedies for any breach of this Section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. **Successors & Assigns**. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, permitted assigns, heirs, executors and administrators. Either party may assign this Agreement or any of its rights or obligations hereunder to a third party which agrees to assume the assigning party's obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. **Notices**. All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been given (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); or (c) on the third (3<sup>rd</sup>) day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications must be sent 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 6**):

---

| | |
|:---|:---|
| If to Seller: | [-] |
| If to SongVest: | RoyaltyTraders, LLC dba SongVest |
|  | 1053 East Whitaker Mill Road, Suite 115 |
|  | Raleigh, NC 27604 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. **Choice of Law**. This Agreement shall be governed by and construed in accordance with the laws of the State of Tennessee, USA (without regard to its conflicts of law doctrines) as if this Agreement were entered into and wholly to be performed therein. All actions arising out of or relating to this Agreement shall be brought in the State or Federal courts in Davidson County, Tennessee, and the parties hereby submit to the jurisdiction of such courts. If any legal action or other proceeding is brought for the enforcement of this Agreement or as a result of a breach, default or misrepresentation in connection with any of the provisions of this Agreement, the successful or prevailing party shall be entitled to recover reasonable attorneys' fees and other costs insured in such action or proceeding in addition to any other relief to which such party may be entitled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. **Entire Agreement; Modifications; Headings**. This Agreement, together with the Closing Documents, constitute the entire understanding between the Parties with respect to the transactions contemplated herein and supersede all other agreements and understandings between the Parties; provided, however, that in the event of any conflict, the terms of this Agreement shall prevail. No modification of this Agreement shall be valid unless in writing and signed by both Parties. The titles and headings of the various articles and sections in this Agreement are intended solely for convenience of reference and are not intended for any other purpose whatsoever or to explain, modify, or place any construction on any of the provisions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. **No Third-Party Beneficiary.** The Parties acknowledge and agree that each Investor is an intended third-party beneficiary solely with respect to the economic right to receive Royalties under this Agreement. Notwithstanding the foregoing, each Investor has irrevocably and exclusively delegated all rights to enforce this Agreement to SongVest Pursuant to the terms under which each Investor subscribes through the SongVest platform. The existence of third-party beneficiary status shall not expand the duties, liabilities, or remedies of Seller or Songvest beyond those expressly set forth herein, and all limitation of liabilities, waivers, and restrictions contained in this Agreement shall apply equally to any claim asserted for the benefit of Investors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. **Limitation of Liability.** To the maximum extent permitted by applicable law, neither SongVest nor the Seller shall by liable to the other for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, loss of revenue, loss of data, or loss of business opportunity, arising out of or relating to this Agreement, whether based on contract, tort (including negligence), strict liability, or any other legal theory, even if such party has been advised of the possibility of such damages. In no event shall SongVest's or the Seller's aggregate liability arising out of or related to this Agreement exceed the greater of (i) the Purchase Price, or (ii) the Royalties paid or payable under this Agreement in the twelve (12) month period immediately preceding the event giving rise to the claim. This limitation of liability shall not apply to SongVest's or the Seller's gross negligence or willful misconduct. For the avoidance of doubt, all limitations of liability and waivers set forth in this Agreement apply to any claims asserted for the benefit of Investors, whether directly or indirectly.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. **Counterparts; Facsimile Signatures**. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same instrument. A signed copy of this Agreement delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement.

[Signatures to be provided on following page]

IN WITNESS WHEREOF, the Parties have executed this Agreement under seal (each Party adopting the word "SEAL" as its true and lawful seal) as of the date first set forth above.

---

| | |
|:---|:---|
| **SongVest:** | **SongVest:** |
| RoyaltyTraders LLC dba SongVest | RoyaltyTraders LLC dba SongVest |
| By: | (SEAL) |
| Name: | Sean Peace |
| Title: | Founder/CEO |
| **Seller:** | **Seller:** |
| [_] | [_] |
| By: | (SEAL) |
| Name: |  |
| Title: | Seller |

---

**SCHEDULE A** 

**PORTFOLIO/REVENUE SOURCES/PERCENTAGE INTERESTS**

1. **Royalty Period –** With respect to each Asset, commencing on <u>the date of the closing of the Offering</u> and ending upon <u>the expiration of copyright</u> in such Asset.

2. **Assets** – The following are the type(s) of Assets contained in the Portfolio:

---

| | | |
|:---|:---|:---|
| **TITLE** | **Song ID** | **SELLER'S % INTEREST** |
| "Go Crazy" | See attached Exhibit B | 33.3% |

---

3. **Percentage Interests** – The Percentage Interest in Seller's Revenue Sources is a maximum of <u>Thirty- Three Point Thirty Three Percent (33.33%),</u> subject to clause 6, below.

4. **Revenue Sources** – The Revenue Sources from sales and/or exploitations of Assets are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Type:

**<u>Performance</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. Share:

**<u>Writer's Share</u>**

5. **Distributors –** The current Distributors, Labels, and/or PROs, as applicable, of Assets:

**<u>BMI</u>**

6. **Purchase Price and Royalty Interest** – The Purchase Price shall be equal to either (i) the "Minimum: set forth below; (ii) the "Maximum" set forth below; or (iii) a number in between the "Minimum" and "Maximum" set forth below:

● <u>Minimum</u>: $<u>1.00</u>, which shall entitle SongVest to <u>1</u> % Royalty Interest in the Royalties **<sup>(1)</sup>** 

● <u>Maximum</u>: $<u>237,184.00</u> which shall entitle SongVest to a <u>33.33</u> % Royalty Interest in the Royalties **<sup>(1)</sup>** 

7. **Artist** – The musical group or recording artist whose performances are embodied in the Asset(s) are:

"Chris Brown"

***(1)***  ***For any Purchase Price that falls between the Minimum or Maximum amounts set forth above, the Royalty Interest in the Royalties to which SongVest shall be entitled will be calculated by multiplying the Purchase Price by a fraction, for which the numerator shall be the Purchase Price, and the denominator shall be the Maximum amount set forth above.*** 

Sch. A-1

**SCHEDULE B: FEES AND EXPENSES**

SongVest intends to collect a fee equal to approximately 26% of the Purchase Price as compensation for its role in facilitating the Transaction.

The Purchase Price agreed to by the Seller herein is not reduced by the aforementioned fees. SongVest may elect to forego these fees at its sole discretion.

Sch. B-1

**EXHIBIT A**

**BMI RAF**

**EXHIBIT B**

Complete Song ID List

GO CRAZY 43664613 <br> GO CRAZY 48954805

## Ex1A-6

**Exhibit 6.31**

**ROYALTY OPTION AGREEMENT**

This Royalty Option Agreement ("**Agreement**") is entered into as of January 5, 2026, by and between RoyaltyTraders LLC dba SongVest, a Delaware limited liability company ("**SongVest**") at 1053 East Whitaker Rd Suite 115, Raleigh, NC 27604, and ________________ of _________________ ("**Seller**") and, collectively with SongVest, the "**Parties.**"

WHEREAS, Seller is granting to SongVest an exclusive option to enter into the Transaction, which option shall be deemed exercised in the event the Option Threshold is satisfied.

WHEREAS, Subject to the satisfaction of the Option Threshold hereunder, Seller will sell to SongVest the right to receive Royalties deriving from the Portfolio during the Royalty Periods (as listed on Schedule A), and SongVest will issue proceed rights units (each a "Unit" and collectively the "**Proceed Rights**") to a third party investor (the "**Investor**") in and to such Royalties via the SongVest website (the "**Site**") as further set forth herein (collectively, the "**Transaction**").

WHEREAS, the Parties desire to memorialize their agreement regarding the Royalties to be directed and paid to SongVest in exchange for the payment of the Purchase Price to Seller.

NOW, THEREFORE, the Parties hereby agree as follows:

**Certain Defined Terms**. For purposes of this Agreement, the following terms shall have the meanings set forth below:

"**Assets**" means the assets contained in the Portfolio (e.g., Sound Recordings, sound recordings) as listed on Schedule A attached hereto and made a part hereof.

"**Auction Period**" means the dates during which the Test the Waters Auction is held and ending on the last day of the Test the Waters Auction.

"**Artist(s)**" means those recording artists whose musical performances are embodied in the Assets contained in the Portfolio, if any, and as set forth on Schedule A.

"**Compositions**" means those musical compositions the titles of which are set forth on Schedule A, if any.

"**Distributor(s)**" means any third-party distributor, including a record label or online digital distribution company, that sells, markets, and/or distributes sound recordings embodying the Assets.

"**Fees and Expenses**" means the fees and expenses, including Anticipated Fees, incurred by SongVest for its time and effort to place the Proceed Rights into the Offering and market the Units and Proceed Rights to the general public. Fees and Expenses include, without limitation, legal and other regulator costs related to completing the Offering memorandum and closing. Anticipated Fees are outlined in Schedule B, though actual Fees and Expenses may differ.

"**Net Revenue**" means the Royalties generated from the Portfolio Assets less any service fee charged by the Distributor (or other third party) and current taxes payable during the current period as withheld by the Distributor (or other third party) for the sole purpose of remittal to an entity with taxing authority in the normal course of business.

"**Offering**" means the offering held by SongVest via the Site wherein the Investor is issued the Units and Proceed Rights.

"**Option Threshold**" means an amount equal to the greater of (x) the sum of (i) the Purchase Price that has been raised and secured by SongVest through the Offering; and (ii) the amount set forth on Schedule B, if any and (y) such other amount agreed by Seller. For the avoidance of doubt, if SongVest does not secure an amount equal to or in excess of the Option Threshold, through the Offering, the Option Threshold will not be deemed satisfied.

"**Percentage Interest**" means the percentage of Seller's revenue that SongVest is entitled to receive from the Seller with respect to the Revenue Sources, whereunder the Agreement the Percentage Interest is upto Thirty Percent (30%) which can be adjusted higher or lower in agreement with the Seller.

"**Portfolio**" means the portfolio of Assets as set forth on Schedule A.

"**PRO**" means Seller's public performance rights organization, if any.

"**Purchase Price**" means the final purchase price for the Royalties by SongVest as set forth on Schedule A.

"**Sound Recordings**" means those sound recordings embodying the performances of Artist(s) and set forth on Schedule A, if any.

"**Sound Recording Owner's Share**" means the share of revenue earned by the party owning the sound recording copyrights underlying the Sound Recordings.

"**Revenue Sources**" means those sources of revenue earned and received by Seller and from which the Royalties are derived from the Assets, which may include, as set forth herein, streaming of the Sound Recordings, record sales, neighboring rights, licensing, or digital sales.

"**Royalty Period**" means, with respect to the Royalties, the period commencing with the initial payment of the Royalties to the Investor and ending on such date as set forth in Schedule A.

"**Royalties**" means the royalties payable to SongVest in connection with the Portfolio that derive from the Revenue Sources based on the Percentage Interest.

"**Royalty Interest**" means the percentage of the Royalties that SongVest is entitled to as set forth in Schedule A based on the Percentage Interest.

"**Seller Agreements**" means those agreements between Seller and third parties, including Artists and/or Distributors, wherein Seller is entitled to receive the Percentage Interest of all Assets.

"**Streaming**" means the Net Revenue payable to Seller derived from the Portfolio (including all Assets) from Distributor, Artist, Publisher, and/or PRO, as applicable, from all digital streaming platforms (e.g., Spotify) and reported by any source (digital service providers, SoundExchange, Distributor or other companies collecting streaming income on the Portfolio).

"**Term**" means the term of this Agreement, which Term shall commence on the date of signature of this Agreement and continue until the earlier of (a) the date that the Option Threshold is deemed to not be satisfied and (b) the date that all Royalties payable during the Royalty Period have been paid to SongVest. For the avoidance of doubt, in the event the Option Threshold has been satisfied, SongVest's option to enter into the Transaction shall be deemed exercised and the Term shall continue through the date that all Royalties payable hereunder have been paid to SongVest.

"**Test the Waters Auction**" is a means in which SongVest may hold a pre-auction at SongVest.com website, where individuals can bid, through a second-price auction process. SongVest will use this process to gauge interest in the auction to help us finalize the number of shares and price per share of the Units.

"**Videos**" means those audiovisual recordings of Sound Recordings and set forth on Schedule A, if any.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1. **Transaction/Offering.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller hereby grants to SongVest the exclusive right during the Term to conduct the Offering, and at SongVest's discretion, a Test The Waters Auction prior thereto via the Site for the Auction Period. Upon the conclusion of the Offering, and solely in the event the Option Threshold is satisfied, SongVest's option to enter into the Transaction shall be deemed exercised and Seller shall irrevocably assign, grant and convey the rights to the Royalties to SongVest for the entire duration of the Royalty Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. SongVest shall be solely responsible for the payment of the Proceed Rights to the Investor from the Royalties received from Seller hereunder throughout the Royalty Period. Seller shall execute the irrevocable notice of assignments (the "Direction Letters") attached hereto as Exhibit "A," in which Seller will direct Distributors, Publisher and/or the PRO, as applicable, and shall direct any other third-party publisher or Revenue Source, to pay directly to SongVest the Percentage Interest of the Royalties. The Direction Letter shall remain in full effect, is irrevocable, and Seller shall never attempt to modify the terms of the Direction Letter or notify a Distributor, Publisher or PRO (as applicable) that the Royalties should no longer be directed to SongVest. Seller shall also execute any other document as a Distributor, Publisher, PRO (as applicable) or SongVest may require to assure such assignment. Notwithstanding the foregoing, in no event shall Seller be liable for any failure of Distributor, Publisher or PRO (as applicable) to pay pursuant to the Direction Letter, provided however Seller shall use best efforts to enforce all its rights and remedies in connection therewith.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Promptly upon the conclusion of the Offering and receipt of the full Purchase Price therefor, SongVest will pay Seller the full amount of the Purchase Price to Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Notwithstanding the foregoing or anything herein to the contrary, in the event the Option Threshold is not satisfied (i.e., the full Purchase Price is not secured during the Offering), no rights to Royalties or any other revenue or property of Seller shall transfer to SongVest hereunder, SongVest's option to enter into the Transaction shall be waived, and the Term of this Agreement shall terminate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **Royalties**. In consideration of the Purchase Price paid to Seller hereunder, during the Royalty Period, Seller hereby agrees to pay (or direct payment) from all applicable third parties, including Distributor and/or Artist) the Percentage Interest of all Royalties from the following Assets and applicable Revenue Sources, as applicable hereunder and listed in Schedule A, in connection with the Portfolio as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. **Sound Recordings:** Revenue earned by Seller in connection with the sale and exploitation of the Sound Recordings in the Portfolio, if applicable, will be paid at the Percentage Interest and for the applicable Revenue Sources (e.g., Streaming) as set forth in Schedule A. Sales shall be determined by reference to the royalty statements from the royalties credited to Seller by Distributor, Artist or other third party for the applicable calendar quarter or bi-yearly, which shall be conclusive and binding upon the Parties, absent manifest error.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. **Videos:** Revenue earned by Seller in connection with the sale, distribution and exploitation of Videos in the Portfolio via the Revenue Sources, if applicable, will be paid to SongVest and will be calculated on the Percentage Interest for the applicable Revenue Sources as set forth on Schedule A. Sales shall be determined by reference to the royalty statements from the royalties credited to Seller by Distributor, Artist or other third party for the applicable calendar quarter or bi-yearly, which shall be conclusive and binding upon the Parties, absent manifest error.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. **Neighboring Rights:** Revenue earned by Seller in connection with all neighboring rights (including SoundExchange) from the Sound Recordings in the Portfolio, if applicable, will be paid to SongVest and will be calculated on the Percentage Interest as set forth on Schedule A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. **Additional Assets:** Revenue earned by Seller from the Revenue Sources in connection with additional Assets as listed in Schedule A, if any, will be paid to SongVest and will be calculated on the Percentage Interest on Schedule A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. **Accounting:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. A. Seller shall, pursuant to irrevocable letters of direction ("LOD"), a copy of which is attached hereto as Exhibit A, direct
and cause Distributor, Artist, Publisher, PRO and/or other third party, as applicable, that distributes Assets and accounts to Seller
in connection with Royalties therefor, to account and pay all Royalties to SongVest for the entire Royalty Period at the same time and
on the same terms as such party is required to account to Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. In the event Distributor, Artist, Publisher, PRO and/or other third party, as applicable, fails to account or pay Royalties to SongVest directly as required hereunder, Seller shall account to SongVest via a statement and pay all Royalties earned during such period no later than fifteen (15) days after receipt by Seller of such Royalties. All payments shall be made to SongVest via wire transfer of immediately available funds pursuant to SongVest's written instructions for same. In the event Seller conducts an audit of any of Distributor's or Artist's (or other distributor's, publishers, PRO's or licenses) books and records regarding the sale of any Asset in the Portfolio at any time during the Term, Seller shall notify SongVest thereof and allow SongVest to participate in such audit as it relates to sales of Portfolio. In the event Seller receives any proceeds or awards from any such audit or other claim relating to the Portfolio, Seller will immediately notify SongVest thereof and pay to SongVest its proportionate share of the proceeds (subject to a deduction therefrom of Seller's actual, verifiable costs in conducting such audit or claim). Upon SongVest's request therefor and subject to SongVest covering the costs thereof, Seller agrees to conduct an audit of Distributor's or Artist's books and records related solely to accountings in connection with Royalties hereunder. In the event such audit reveals an underpayment of any monies due and payable in connection with Assets that were the subject of such audit, Seller shall ensure that such additional monies are collected and paid directly to SongVest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. At any time within two (2) years after any statement is rendered to SongVest hereunder, SongVest shall have the right to, upon thirty (30) days written notice, examine Seller's books and records with respect to such statement. Such examination shall be at SongVest's sole cost and expense, by a certified public accountant or other qualified representative designated by SongVest. Such examination shall be made during Seller's usual business hours at the place where Seller maintains the books and records which relate to the Portfolio and which are necessary to verify the accuracy of the statement. Seller shall have no obligation to produce such books and records more than once with respect to each statement rendered to SongVest. Unless notice shall have been given to Seller as provided hereinabove, each royalty statement rendered to SongVest shall be final, conclusive and binding on SongVest and shall constitute an account stated. SongVest shall be foreclosed from maintaining any action, claim or proceeding against Seller in any forum or tribunal with respect to any statement or accounting rendered hereunder unless such action, claim or proceeding is commenced against Company in a court of competent jurisdiction within eighteen (18) months after the date such statement or accounting is rendered. Seller's obligations under this section and Songvest's rights will be limited to those rights in the Seller Agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Taxes. Songvest will be responsible for tax obligations on the Percentage Interest for the Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **Seller's Representations, Warranties and Covenants**. The Seller hereby represents, warrants and covenants to SongVest that as of the date hereof:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller: (i) owns and/or has the irrevocable, exclusive right to receive the Royalties free and clear of any mortgage, pledge, lien, charge, security interest, encumbrance, restriction or adverse claim of any nature whatsoever (collectively, "Liens"), other than any tax obligation that Seller must satisfy in connection with the purchase and sale of the Royalties hereunder, (ii) is not aware of any Liens being asserted against the Royalties, (iii) has not consented to the imposition of any Liens on the Royalties and (iv) has not sold, assigned, transferred or otherwise encumbered any of Seller's rights in the Royalties to any person or entity other than SongVest;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Seller is competent to enter into (and understands the terms of) this Agreement and has been represented by tax and accounting advisors and legal counsel in the negotiation and execution of this Agreement, or knowingly waived Seller's right to do so;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Seller intends to (and shall) fully and timely satisfy all tax obligations of Seller flowing from this Agreement from the proceeds Seller receives from SongVest hereunder; In the event Seller fails to satisfy tax obligations flowing from this Agreement, SongVest will not be subject to liability on behalf of Seller;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Seller shall indemnify, defend and hold harmless SongVest, its agents, attorneys, employees, officers, directors, successors and assigns (collectively, the Indemnified Parties") from and against all claims, losses, damages, penalties, judgments, lawsuits and all related costs and expenses of any nature (including legal fees and costs) (collectively, "Costs") which may be incurred by or asserted against any of the Indemnified Parties arising out of, related to, or in connection with, this Agreement or any rights assigned or granted to SongVest hereunder, the Compositions, Sound Recordings, Videos, and/or other Assets (or any of them), or any breach or alleged breach by Seller of Seller's obligations, agreements, covenants, representations and/or warranties in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Seller has all necessary right, power, legal capacity and authority, and all necessary actions on the part of Seller (including action required to be taken by Seller's officers, directors, shareholders, trustees, executors or representatives) have been duly and validly taken to authorize Seller: (i) to own the Royalties; (ii) to sell, assign and transfer the Royalties as provided herein; (iii) to effectuate the execution and delivery of this Agreement; (iv) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (v) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. No approvals or consents of any persons or entities other than Seller and Distributor are necessary in connection therewith, including, without limitation, any approval or consent by the Artists, any co-writers or owners of the Assets, and/or any third-party publishers or PRO's, as applicable. SongVest has all necessary right, power, legal capacity and authority to (i) sell, market (directly or indirectly) advertise or promote securities as that term is understood by the U.S. Securities and Exchange Commission (SEC) including any related to the Portfolio, (ii) to effectuate the execution and delivery of this Agreement; (iii) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (iv) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. This Agreement is legal, valid, and binding upon the Parties and is enforceable in accordance with its terms. SongVest and Seller will work with Distributor for approvals, if necessary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. As of the date of execution of this Agreement, Seller has no outstanding, unrecouped, and/or unearned advances in respect of or affecting the Royalties and, at no time during the Term will Seller enter into any agreement affecting the payment of Royalties hereunder, including, without limitation, any agreement whereby Seller receives any advance or other monies that are recoupable from (or otherwise reduce) Royalties payable hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. All federal, state and local taxes accrued or owing to and including the date of execution of this Agreement arising out of or in connection with the Royalties, including without limitation any sales or transfer taxes resulting from the transaction contemplated herein, if any, have been or will be paid or caused to be paid by Seller. The Royalties are free and clear of any and all liens, charges, mortgages, pledges, claims, encumbrances, obligations or liabilities of any kind or nature whatsoever whether accrued, absolute, contingent or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Throughout the entire Term, Seller shall use its best efforts to ensure that Distributor and/or Artist continuously pays Royalties, and that Distributor and/or Artist sells and exploits through all channels the Assets contained in the Portfolio, promotes, markets and advertises the Portfolio, and that the entire Portfolio shall remain in Distributor's catalog and in no event shall any portion thereof be deleted therefrom unless same is the subject of any bona-fide dispute with any of Seller's distributors, Publishers, or PRO. Further, Shall not, at any time during the Royalty Period, sell, assign, transfer or otherwise dispose of any Asset contained in the Portfolio (or any portion thereof). The foregoing restriction shall not apply to any of Sellers's distributors, Publishers, or PROs, provided Seller shall provide written notice to SongVest of any sale by the foregoing promptly upon receiving notice from such third parties. The foregoing will not prohibit the Seller from selling, assigning, transferring or otherwise disposing of additional percentage interests in the Portfolio to any other party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Seller has not assigned, pledged or otherwise transferred or encumbered the rights in the Royalties or any other rights being granted hereunder and has not and will not grant any rights or incur any obligations that are inconsistent with the rights granted herein or Seller's obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. Seller will maintain the power, right and authority to perform its obligations hereunder at all times during the Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k. Each Seller Agreement is: (i) in full force and effect as of the date hereof, and shall remain in effect throughout the entire Term and (ii) a valid and binding agreement between Seller and the applicable third party (e.g., Artist) wherein Seller is irrevocably entitled to receive and retain all Royalties with respect to the Assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l. At no time during the Term shall Seller terminate, rescind, revoke or attempt to terminate, rescind or revoke such Seller Agreement or any LOD without the prior written approval of SongVest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. **Distribution**. Seller agrees that if, prior to the expiration of the Term, Seller becomes aware that Distributor or Artist no longer has rights to distribute or exploit all or any of the Assets in the Portfolio or if Artist or Distributor is assigning rights in the Assets to any party or licensing rights to a new third party distributor or other entity (wherein a new entity has the right to sell Assets and is obligated to account to Seller [or other rights holder] for all sales thereof) (or otherwise the applicable Distributor or Artist desires to make such change), Seller agrees to notify, in writing, SongVest at least sixty (60) days in advance of said change (or, as soon as Seller is made aware of such change). Such notice shall include the titles of the Portfolio which shall be the subject matter of such change, and the particular change to be made. Seller further agrees to cooperate with SongVest and take whatever actions are necessary, complete and execute any necessary paperwork, documents and instruments (including, without limitation, new LODs) and submit same to the new distributor, licensee, publisher and/or owner, as applicable, so that the entire grant and assignment agreed upon in this Agreement shall continue to be paid to SongVest, if required, uninterruptedly. If Seller fails to notify SongVest such that SongVest cannot obtain the Royalties due SongVest per this Agreement within sixty (60) days after any change, or, if for any other reason SongVest is no longer able to receive the Royalties (or a portion thereof), Seller agrees that any royalties collected by Seller which should have been paid to SongVest per this Agreement will be paid directly to SongVest by Seller within fifteen (15) days after Seller's receipt thereof (as further set forth in Section 2 above). Any delay in settlement of royalties due SongVest will be subject to payment of interest at a rate of two percent (2%) per month (beyond the 15 day grace period). In the event SongVest requires that Royalties be paid to SongVest directly from the applicable Distributor or Artist, Seller agrees to execute and deliver to Distributor or Artist, as applicable, the LOD immediately upon notice thereof by SongVest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **Successors & Assigns**. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, permitted assigns, heirs, executors and administrators. Neither party may assign any of its rights hereunder; provided, however, that SongVest may assign this Agreement or any of its rights hereunder to a third party which agrees to assume SongVest's obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. **Notices**. All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been given (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); or (c) on the third (3<sup>rd</sup>) day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications must be sent 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 6**):

If to Seller: [_] <br>If to SongVest: RoyaltyTraders, LLC dba SongVest 1053 East Whitaker Mill Road, Suite 115 Raleigh, NC 27604 Attention: President

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. **Choice of Law**. This Agreement shall be governed by and construed in accordance with the laws of the State of Tennessee, USA (without regard to its conflicts of law doctrines) as if this Agreement were entered into and wholly to be performed therein. All actions arising out of or relating to this Agreement shall be brought in the State or Federal courts in Davidson County, Tennessee, and the parties hereby submit to the jurisdiction of such courts. If any legal action or other proceeding is brought for the enforcement of this Agreement or as a result of a breach, default or misrepresentation in connection with any of the provisions of this Agreement, the successful or prevailing party shall be entitled to recover reasonable attorneys' fees and other costs insured in such action or proceeding in addition to any other relief to which such party may be entitled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. **Entire Agreement; Modifications; Headings**. This Agreement, together with the Closing Documents, constitute the entire understanding between the Parties with respect to the transactions contemplated herein and supersede all other agreements and understandings between the Parties; provided, however, that in the event of any conflict, the terms of this Agreement shall prevail. No modification of this Agreement shall be valid unless in writing and signed by both Parties. The titles and headings of the various articles and sections in this Agreement are intended solely for convenience of reference and are not intended for any other purpose whatsoever or to explain, modify, or place any construction on any of the provisions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. **Third-Party Beneficiary**. The Parties acknowledge and agree that the Investor is an intended third-party beneficiary of this Agreement and, therefore, that the Investor may enforce its terms directly.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. **Counterparts; Facsimile Signatures**. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same instrument. A signed copy of this Agreement delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement.

[Signatures to be provided on following page]

IN WITNESS WHEREOF, the Parties have executed this Agreement under seal (each Party adopting the word "SEAL" as its true and lawful seal) as of the date first set forth above.

---

| | |
|:---|:---|
| **SongVest:** | **SongVest:** |
| RoyaltyTraders LLC dba SongVest | RoyaltyTraders LLC dba SongVest |
| By: | (SEAL) |
| Name: | Sean Peace |
| Title: | Founder/CEO |
| **Seller:** | **Seller:** |
| [_] | [_] |
| By: | (SEAL) |
| Name: |  |
| Title: | Seller |

---

**SCHEDULE A**

**PORTFOLIO/REVENUE SOURCES/PERCENTAGE INTERESTS**

1. **Royalty Period –** Commencing on <u>the date of the closing of the Offering</u> and ending upon <u>the expiration of copyright</u>.

2. **Assets** – The following are the type(s) of Assets contained in the Portfolio:

---

| | | |
|:---|:---|:---|
| **TITLE** | **ISRC CODE** | **SELLER'S % INTEREST** |
| "Birthday Sex"<br>"IMMA STAR<br> (EVERYWHERE WE ARE)" | See attached Sound<br> Recordings List Exhibit B | 30%, to be adjusted |

---

3. **Percentage Interests** – The Percentage Interest in Seller's Revenue Sources is <u>Thirty Percent (30%)</u> which may be adjusted at date of Closing.

4. **Revenue Sources** – The Revenue Sources from sales and/or exploitations of Assets are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Type:

**<u>Publishing</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. Share:

**<u>Writer's Share</u>**

5. **Distributors –** The current Distributors, Labels, and/or PROs, as applicable, of Assets:

**<u>UMPG - Currently being collected by Royalty Exchange</u>**

6. **Purchase Price and Royalty Interest** – The Purchase Price shall be equal to either (i) the "Minimum" set forth below; (ii) the "Maximum" set forth below; or (iii) a number in between the "Minimum" and "Maximum" set forth below:

● <u>Minimum</u>: $<u>0.00</u>, which shall entitle SongVest to <u>0</u> % Royalty Interest in the Royalties<sup>**(1)**</sup>

● <u>Maximum</u>: $<u>260,440.00</u> which shall entitle SongVest to a <u>30</u> % Royalty Interest in the Royalties<sup>**(1)**</sup>

7. **Artist** – The musical group or recording artist whose performances are embodied in the Asset(s) is "Jeremih"

***(1)***  ***For any Purchase Price that falls between the Minimum or Maximum amounts set forth above, the Royalty Interest in the Royalties to which SongVest shall be entitled will be calculated by multiplying the Purchase Price by a fraction, for which the numerator shall be the Purchase Price, and the denominator shall be the Maximum amount set forth above.*** 

Sch. A-1

**SCHEDULE B: FEES AND EXPENSES**

SongVest intends to collect a fee equal to approximately 26% of the Purchase Price as compensation for its role in facilitating the Transaction.

The Purchase Price agreed to by the Seller herein is not reduced by the aforementioned fees. SongVest may elect to forego these fees at its sole discretion.

Sch. B-1

**EXHIBIT A**

Royalty Exchange

Re: <u>Notice of Assignment of Income</u>

Gentlepersons:

FOR AND IN CONSIDERATION of a mutually agreed upon sum, the receipt of which is hereby acknowledged by the undersigned, effective as of January 5, 2026 ("Closing Date"), [_] ("Seller"), hereby releases [thirty percent (30%)] of earnings received from Universal Music Publishing for the titles listed in Exhibit B to Royalty Traders LLC dba Songvest ("Purchaser") and assigns all royalties to Purchaser.

As evidenced by the Assignment, Purchaser acquired from Seller, throughout the world, the exclusive right to receive and collect [thirty percent (30%)] of Seller's share of royalties from the Compositions accrued and unpaid and hereafter accruing (the "Assigned Royalties"). Accordingly, from and after the date of the closing of the Offering, you are to remit all of the Assigned Royalties, regardless of when earned, to Purchaser, and send them along with any corresponding statements, notices and correspondence to:

RoyaltyTraders, LLC dba SongVest

1053 East Whitaker Rd Suite 115

Raleigh, NC 27604

Or electronically to ﬁnance@songvest.com

Please conﬁrm your receipt of this notice.

---

| |
|:---|
| Very Truly Yours, |
| [_] |

---

**EXHIBIT B**

---

| | |
|:---|:---|
| **Title** | **Song ID** |
| BIRTHDAY SEX - UP-TEMPO (BONUS TRACK) | U36591 |
| BIRTHDAY SEX | U36559 |
| IMMA STAY (EVERYWHERE WE ARE) | U36636 |

---

**<u>ASSIGNMENT OF INCOME RIGHTS</u>**

FOR AND IN CONSIDERATION of the sum of Ten Dollars ($10.00) and other good and valuable consideration, the receipt of which is hereby acknowledged by the undersigned, effective as of January 5, 2026 ("Closing Date"), [_], individually, and on behalf of and any affiliate of himself (collectively, "Seller"), hereby irrevocably sells, assigns and transfers to RoyaltyTraders LLC dba SongVest("Purchaser"), a percentage equal to [%] of Seller's right, title, and interest (whether existing, contingent, expectant, or otherwise) in and to the "Seller's Income" (as defined below) and all interests in connection therewith and any and all rights that may be derived therefrom or relate thereto (the "Assignment"), including, but not limited to, the exclusive right to receive, and retain all Monies (as defined below) in connection therewith which have not been actually received by Seller prior to the Closing Date. For the avoidance of doubt, this Assignment includes all of Seller's interest in the Seller's Income regardless of whether such Monies are collectible by Purchaser directly from the original payment source or from a third-party publisher, administrator or other party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. "Compositions" shall mean and include individually and collectively those music compositions (the titles of which are) set forth on Schedule A attached hereto and by this reference incorporated herein, and any and all versions and derivative works of such compositions. For the avoidance of doubt, such derivative works include, but are not limited to, foreign language translations, samples, interpolations, and remixes of the music compositions set forth on Schedule A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. "Seller's Income" shall mean [%] of all Monies deriving from the Compositions and attributable to Seller's fractional authorship interest in the Compositions in connection with the digital public performance of the Compositions for which rights are granted by the copyright owner (or administrator or agent). including, but not limited to, Monies derived from the sale. This includes all payments made by any performing rights organization, collective management organization, or distribution of such Sound Recordings and any other entity responsible for paying royalties on public performances of the Compositions through all channels and by all methods including, without limitation, physical phonorecords, permanent digital downloads, limited downloads, ringtones, ringbacks, videograms, video downloads, interactive streaming, sound recordings, transcriptions, soundtracks, pressings, computer software or hardware devices, CD-ROMS and DVDs, synchronization licenses and uses, and public performance royalties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. "Monies" shall mean and include income, royalties, fees, proceeds, sums, monies, judgments, settlements, earnings and other considerations of any nature, kind or description derived from the public performance of the Compositions throughout the World and Universe.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. The term of the Assignment shall be for the full term of copyright in the respective Compositions throughout the World and including any extensions and renewals thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. This assignment of income rights may be executed in any number of counterparts (including electronic signatures or signatures delivered by fax or scan), each of which shall be deemed an original, but all of which when taken together shall constitute one and the same instrument.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. This assignment of income rights has been executed pursuant to a written Purchase Agreement between Seller and Purchaser dated January 5, 2026 and is subject to all terms and provisions thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. If any provision of this instrument of transfer shall be held void, invalid or inoperative, no other provisions of this instrument of transfer shall be affected as a result thereof and, accordingly, the remaining provisions of this instrument of transfer shall remain in full force and effect.

Executed this ____ day of January, 2025.

---

| | |
|:---|:---|
| **PURCHASER:** | **SELLER:** |
| RoyaltyTraders, LLC. | [_] |

---

**SCHEDULE A to Assignment of Income Rights**

---

| | |
|:---|:---|
| **Title** | **Song ID** |
| BIRTHDAY SEX - UP-TEMPO (BONUS TRACK) | U36591 |
| BIRTHDAY SEX | U36559 |
| IMMA STAY (EVERYWHERE WE ARE) | U36636 |

---

## Ex1A-6

**Exhibit 6.32**

**ROYALTY OPTION AGREEMENT**

This Royalty Option Agreement ("**Agreement**") is entered into as of January 5, 2026, by and between RoyaltyTraders LLC dba SongVest, a Delaware limited liability company ("**SongVest**") at 1053 East Whitaker Rd Suite 115, Raleigh, NC 27604, and ________________ of _________________ ("**Seller**") and, collectively with SongVest, the "**Parties.**"

WHEREAS, Seller is granting to SongVest an exclusive option to enter into the Transaction, which option shall be deemed exercised in the event the Option Threshold is satisfied.

WHEREAS, Subject to the satisfaction of the Option Threshold hereunder, Seller will sell to SongVest the right to receive Royalties deriving from the Portfolio during the Royalty Periods (as listed on Schedule A), and SongVest will issue proceed rights units (each a "Unit" and collectively the "**Proceed Rights**") to a third party investor (the "**Investor**") in and to such Royalties via the SongVest website (the "**Site**") as further set forth herein (collectively, the "**Transaction**").

WHEREAS, the Parties desire to memorialize their agreement regarding the Royalties to be directed and paid to SongVest in exchange for the payment of the Purchase Price to Seller.

NOW, THEREFORE, the Parties hereby agree as follows:

**Certain Defined Terms**. For purposes of this Agreement, the following terms shall have the meanings set forth below:

"**Assets**" means the assets contained in the Portfolio (e.g., Sound Recordings, sound recordings) as listed on Schedule A attached hereto and made a part hereof.

"**Auction Period**" means the dates during which the Test the Waters Auction is held and ending on the last day of the Test the Waters Auction.

"**Artist(s)**" means those recording artists whose musical performances are embodied in the Assets contained in the Portfolio, if any, and as set forth on Schedule A.

"**Compositions**" means those musical compositions the titles of which are set forth on Schedule A, if any.

"**Distributor(s)**" means any third-party distributor, including a record label or online digital distribution company, that sells, markets, and/or distributes sound recordings embodying the Assets.

"**Fees and Expenses**" means the fees and expenses, including Anticipated Fees, incurred by SongVest for its time and effort to place the Proceed Rights into the Offering and market the Units and Proceed Rights to the general public. Fees and Expenses include, without limitation, legal and other regulator costs related to completing the Offering memorandum and closing. Anticipated Fees are outlined in Schedule B, though actual Fees and Expenses may differ.

"**Net Revenue**" means the Royalties generated from the Portfolio Assets less any service fee charged by the Distributor (or other third party) and current taxes payable during the current period as withheld by the Distributor (or other third party) for the sole purpose of remittal to an entity with taxing authority in the normal course of business.

"**Offering**" means the offering held by SongVest via the Site wherein the Investor is issued the Units and Proceed Rights.

"**Option Threshold**" means an amount equal to the greater of (x) the sum of (i) the Purchase Price that has been raised and secured by SongVest through the Offering; and (ii) the amount set forth on Schedule B, if any and (y) such other amount agreed by Seller. For the avoidance of doubt, if SongVest does not secure an amount equal to or in excess of the Option Threshold, through the Offering, the Option Threshold will not be deemed satisfied.

"**Percentage Interest**" means the percentage of Seller's revenue that SongVest is entitled to receive from the Seller with respect to the Revenue Sources, whereunder the Agreement the Percentage Interest is up to Thirty Percent (30%) which can be adjusted higher or lower in agreement with the Seller.

"**Portfolio**" means the portfolio of Assets as set forth on Schedule A.

"**PRO**" means Seller's public performance rights organization, if any.

"**Purchase Price**" means the final purchase price for the Royalties by SongVest as set forth on Schedule A.

"**Sound Recordings**" means those sound recordings embodying the performances of Artist(s) and set forth on Schedule A, if any.

"**Sound Recording Owner's Share**" means the share of revenue earned by the party owning the sound recording copyrights underlying the Sound Recordings.

"**Revenue Sources**" means those sources of revenue earned and received by Seller and from which the Royalties are derived from the Assets, which may include, as set forth herein, streaming of the Sound Recordings, record sales, neighboring rights, licensing, or digital sales.

"**Royalty Period**" means, with respect to the Royalties, the period commencing with the initial payment of the Royalties to the Investor and ending on such date as set forth in Schedule A.

"**Royalties**" means the royalties payable to SongVest in connection with the Portfolio that derive from the Revenue Sources based on the Percentage Interest.

"**Royalty Interest**" means the percentage of the Royalties that SongVest is entitled to as set forth in Schedule A based on the Percentage Interest.

"**Seller Agreements**" means those agreements between Seller and third parties, including Artists and/or Distributors, wherein Seller is entitled to receive the Percentage Interest of all Assets.

"**Streaming**" means the Net Revenue payable to Seller derived from the Portfolio (including all Assets) from Distributor, Artist, Publisher, and/or PRO, as applicable, from all digital streaming platforms (e.g., Spotify) and reported by any source (digital service providers, SoundExchange, Distributor or other companies collecting streaming income on the Portfolio).

"**Term**" means the term of this Agreement, which Term shall commence on the date of signature of this Agreement and continue until the earlier of (a) the date that the Option Threshold is deemed to not be satisfied and (b) the date that all Royalties payable during the Royalty Period have been paid to SongVest. For the avoidance of doubt, in the event the Option Threshold has been satisfied, SongVest's option to enter into the Transaction shall be deemed exercised and the Term shall continue through the date that all Royalties payable hereunder have been paid to SongVest.

"**Test the Waters Auction**" is a means in which SongVest may hold a pre-auction at SongVest.com website, where individuals can bid, through a second-price auction process. SongVest will use this process to gauge interest in the auction to help us finalize the number of shares and price per share of the Units.

"**Videos**" means those audiovisual recordings of Sound Recordings and set forth on Schedule A, if any.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1. **Transaction/Offering.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller hereby grants to SongVest the exclusive right during the Term to conduct the Offering, and at SongVest's discretion, a Test The Waters Auction prior thereto via the Site for the Auction Period. Upon the conclusion of the Offering, and solely in the event the Option Threshold is satisfied, SongVest's option to enter into the Transaction shall be deemed exercised and Seller shall irrevocably assign, grant and convey the rights to the Royalties to SongVest for the entire duration of the Royalty Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. SongVest shall be solely responsible for the payment of the Proceed Rights to the Investor from the Royalties received from Seller hereunder throughout the Royalty Period. Seller shall execute the irrevocable notice of assignments (the "Direction Letters") attached hereto as Exhibit "A," in which Seller will direct Distributors, Publisher and/or the PRO, as applicable, and shall direct any other third-party publisher or Revenue Source, to pay directly to SongVest the Percentage Interest of the Royalties. The Direction Letter shall remain in full effect, is irrevocable, and Seller shall never attempt to modify the terms of the Direction Letter or notify a Distributor, Publisher or PRO (as applicable) that the Royalties should no longer be directed to SongVest. Seller shall also execute any other document as a Distributor, Publisher, PRO (as applicable) or SongVest may require to assure such assignment. Notwithstanding the foregoing, in no event shall Seller be liable for any failure of Distributor, Publisher or PRO (as applicable) to pay pursuant to the Direction Letter, provided however Seller shall use best efforts to enforce all its rights and remedies in connection therewith.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Promptly upon the conclusion of the Offering and receipt of the full Purchase Price therefor, SongVest will pay Seller the full amount of the Purchase Price to Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Notwithstanding the foregoing or anything herein to the contrary, in the event the Option Threshold is not satisfied (i.e., the full Purchase Price is not secured during the Offering), no rights to Royalties or any other revenue or property of Seller shall transfer to SongVest hereunder, SongVest's option to enter into the Transaction shall be waived, and the Term of this Agreement shall terminate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **Royalties**. In consideration of the Purchase Price paid to Seller hereunder, during the Royalty Period, Seller hereby agrees to pay (or direct payment) from all applicable third parties, including Distributor and/or Artist) the Percentage Interest of all Royalties from the following Assets and applicable Revenue Sources, as applicable hereunder and listed in Schedule A, in connection with the Portfolio as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. **Sound Recordings:** Revenue earned by Seller in connection with the sale and exploitation of the Sound Recordings in the Portfolio, if applicable, will be paid at the Percentage Interest and for the applicable Revenue Sources (e.g., Streaming) as set forth in Schedule A. Sales shall be determined by reference to the royalty statements from the royalties credited to Seller by Distributor, Artist or other third party for the applicable calendar quarter or bi-yearly, which shall be conclusive and binding upon the Parties, absent manifest error.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. **Videos:** Revenue earned by Seller in connection with the sale, distribution and exploitation of Videos in the Portfolio via the Revenue Sources, if applicable, will be paid to SongVest and will be calculated on the Percentage Interest for the applicable Revenue Sources as set forth on Schedule A. Sales shall be determined by reference to the royalty statements from the royalties credited to Seller by Distributor, Artist or other third party for the applicable calendar quarter or bi-yearly, which shall be conclusive and binding upon the Parties, absent manifest error.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. **Neighboring Rights:** Revenue earned by Seller in connection with all neighboring rights (including SoundExchange) from the Sound Recordings in the Portfolio, if applicable, will be paid to SongVest and will be calculated on the Percentage Interest as set forth on Schedule A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. **Additional Assets:** Revenue earned by Seller from the Revenue Sources in connection with additional Assets as listed in Schedule A, if any, will be paid to SongVest and will be calculated on the Percentage Interest on Schedule A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. **Accounting:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. A. Seller shall, pursuant to irrevocable letters of direction ("LOD"), a copy of which is attached hereto as Exhibit A, direct
and cause Distributor, Artist, Publisher, PRO and/or other third party, as applicable, that distributes Assets and accounts to Seller
in connection with Royalties therefor, to account and pay all Royalties to SongVest for the entire Royalty Period at the same time and
on the same terms as such party is required to account to Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. In the event Distributor, Artist, Publisher, PRO and/or other third party, as applicable, fails to account or pay Royalties to SongVest directly as required hereunder, Seller shall account to SongVest via a statement and pay all Royalties earned during such period no later than fifteen (15) days after receipt by Seller of such Royalties. All payments shall be made to SongVest via wire transfer of immediately available funds pursuant to SongVest's written instructions for same. In the event Seller conducts an audit of any of Distributor's or Artist's (or other distributor's, publishers, PRO's or licenses) books and records regarding the sale of any Asset in the Portfolio at any time during the Term, Seller shall notify SongVest thereof and allow SongVest to participate in such audit as it relates to sales of Portfolio. In the event Seller receives any proceeds or awards from any such audit or other claim relating to the Portfolio, Seller will immediately notify SongVest thereof and pay to SongVest its proportionate share of the proceeds (subject to a deduction therefrom of Seller's actual, verifiable costs in conducting such audit or claim). Upon SongVest's request therefor and subject to SongVest covering the costs thereof, Seller agrees to conduct an audit of Distributor's or Artist's books and records related solely to accountings in connection with Royalties hereunder. In the event such audit reveals an underpayment of any monies due and payable in connection with Assets that were the subject of such audit, Seller shall ensure that such additional monies are collected and paid directly to SongVest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. At any time within two (2) years after any statement is rendered to SongVest hereunder, SongVest shall have the right to, upon thirty (30) days written notice, examine Seller's books and records with respect to such statement. Such examination shall be at SongVest's sole cost and expense, by a certified public accountant or other qualified representative designated by SongVest. Such examination shall be made during Seller's usual business hours at the place where Seller maintains the books and records which relate to the Portfolio and which are necessary to verify the accuracy of the statement. Seller shall have no obligation to produce such books and records more than once with respect to each statement rendered to SongVest. Unless notice shall have been given to Seller as provided hereinabove, each royalty statement rendered to SongVest shall be final, conclusive and binding on SongVest and shall constitute an account stated. SongVest shall be foreclosed from maintaining any action, claim or proceeding against Seller in any forum or tribunal with respect to any statement or accounting rendered hereunder unless such action, claim or proceeding is commenced against Company in a court of competent jurisdiction within eighteen (18) months after the date such statement or accounting is rendered. Seller's obligations under this section and Songvest's rights will be limited to those rights in the Seller Agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Taxes. Songvest will be responsible for tax obligations on the Percentage Interest for the Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **Seller's Representations, Warranties and Covenants**. The Seller hereby represents, warrants and covenants to SongVest that as of the date hereof:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller: (i) owns and/or has the irrevocable, exclusive right to receive the Royalties free and clear of any mortgage, pledge, lien, charge, security interest, encumbrance, restriction or adverse claim of any nature whatsoever (collectively, "Liens"), other than any tax obligation that Seller must satisfy in connection with the purchase and sale of the Royalties hereunder, (ii) is not aware of any Liens being asserted against the Royalties, (iii) has not consented to the imposition of any Liens on the Royalties and (iv) has not sold, assigned, transferred or otherwise encumbered any of Seller's rights in the Royalties to any person or entity other than SongVest;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Seller is competent to enter into (and understands the terms of) this Agreement and has been represented by tax and accounting advisors and legal counsel in the negotiation and execution of this Agreement, or knowingly waived Seller's right to do so;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Seller intends to (and shall) fully and timely satisfy all tax obligations of Seller flowing from this Agreement from the proceeds Seller receives from SongVest hereunder; In the event Seller fails to satisfy tax obligations flowing from this Agreement, SongVest will not be subject to liability on behalf of Seller;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Seller shall indemnify, defend and hold harmless SongVest, its agents, attorneys, employees, officers, directors, successors and assigns (collectively, the Indemnified Parties") from and against all claims, losses, damages, penalties, judgments, lawsuits and all related costs and expenses of any nature (including legal fees and costs) (collectively, "Costs") which may be incurred by or asserted against any of the Indemnified Parties arising out of, related to, or in connection with, this Agreement or any rights assigned or granted to SongVest hereunder, the Compositions, Sound Recordings, Videos, and/or other Assets (or any of them), or any breach or alleged breach by Seller of Seller's obligations, agreements, covenants, representations and/or warranties in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Seller has all necessary right, power, legal capacity and authority, and all necessary actions on the part of Seller (including action required to be taken by Seller's officers, directors, shareholders, trustees, executors or representatives) have been duly and validly taken to authorize Seller: (i) to own the Royalties; (ii) to sell, assign and transfer the Royalties as provided herein; (iii) to effectuate the execution and delivery of this Agreement; (iv) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (v) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. No approvals or consents of any persons or entities other than Seller and Distributor are necessary in connection therewith, including, without limitation, any approval or consent by the Artists, any co-writers or owners of the Assets, and/or any third-party publishers or PRO's, as applicable. SongVest has all necessary right, power, legal capacity and authority to (i) sell, market (directly or indirectly) advertise or promote securities as that term is understood by the U.S. Securities and Exchange Commission (SEC) including any related to the Portfolio, (ii) to effectuate the execution and delivery of this Agreement; (iii) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (iv) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. This Agreement is legal, valid, and binding upon the Parties and is enforceable in accordance with its terms. Songvest and Seller will work with Distributor for approvals, if necessary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. As of the date of execution of this Agreement, Seller has no outstanding, unrecouped, and/or unearned advances in respect of or affecting the Royalties and, at no time during the Term will Seller enter into any agreement affecting the payment of Royalties hereunder, including, without limitation, any agreement whereby Seller receives any advance or other monies that are recoupable from (or otherwise reduce) Royalties payable hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. All federal, state and local taxes accrued or owing to and including the date of execution of this Agreement arising out of or in connection with the Royalties, including without limitation any sales or transfer taxes resulting from the transaction contemplated herein, if any, have been or will be paid or caused to be paid by Seller. The Royalties are free and clear of any and all liens, charges, mortgages, pledges, claims, encumbrances, obligations or liabilities of any kind or nature whatsoever whether accrued, absolute, contingent or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Throughout the entire Term, Seller shall use its best efforts to ensure that Distributor and/or Artist continuously pays Royalties, and that Distributor and/or Artist sells and exploits through all channels the Assets contained in the Portfolio, promotes, markets and advertises the Portfolio, and that the entire Portfolio shall remain in Distributor's catalog and in no event shall any portion thereof be deleted therefrom unless same is the subject of any bona-fide dispute with any of Seller's distributors, Publishers, or PRO. Further, Shall not, at any time during the Royalty Period, sell, assign, transfer or otherwise dispose of any Asset contained in the Portfolio (or any portion thereof). The foregoing restriction shall not apply to any of Sellers's distributors, Publishers, or PROs, provided Seller shall provide written notice to SongVest of any sale by the foregoing promptly upon receiving notice from such third parties. The foregoing will not prohibit the Seller from selling, assigning, transferring or otherwise disposing of additional percentage interests in the Portfolio to any other party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Seller has not assigned, pledged or otherwise transferred or encumbered the rights in the Royalties or any other rights being granted hereunder and has not and will not grant any rights or incur any obligations that are inconsistent with the rights granted herein or Seller's obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. Seller will maintain the power, right and authority to perform its obligations hereunder at all times during the Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k. Each Seller Agreement is: (i) in full force and effect as of the date hereof, and shall remain in effect throughout the entire Term and (ii) a valid and binding agreement between Seller and the applicable third party (e.g., Artist) wherein Seller is irrevocably entitled to receive and retain all Royalties with respect to the Assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l. At no time during the Term shall Seller terminate, rescind, revoke or attempt to terminate, rescind or revoke such Seller Agreement or any LOD without the prior written approval of SongVest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. **Distribution**. Seller agrees that if, prior to the expiration of the Term, Seller becomes aware that Distributor or Artist no longer has rights to distribute or exploit all or any of the Assets in the Portfolio or if Artist or Distributor is assigning rights in the Assets to any party or licensing rights to a new third party distributor or other entity (wherein a new entity has the right to sell Assets and is obligated to account to Seller [or other rights holder] for all sales thereof) (or otherwise the applicable Distributor or Artist desires to make such change), Seller agrees to notify, in writing, SongVest at least sixty (60) days in advance of said change (or, as soon as Seller is made aware of such change). Such notice shall include the titles of the Portfolio which shall be the subject matter of such change, and the particular change to be made. Seller further agrees to cooperate with SongVest and take whatever actions are necessary, complete and execute any necessary paperwork, documents and instruments (including, without limitation, new LODs) and submit same to the new distributor, licensee, publisher and/or owner, as applicable, so that the entire grant and assignment agreed upon in this Agreement shall continue to be paid to SongVest, if required, uninterruptedly. If Seller fails to notify SongVest such that SongVest cannot obtain the Royalties due SongVest per this Agreement within sixty (60) days after any change, or, if for any other reason SongVest is no longer able to receive the Royalties (or a portion thereof), Seller agrees that any royalties collected by Seller which should have been paid to SongVest per this Agreement will be paid directly to SongVest by Seller within fifteen (15) days after Seller's receipt thereof (as further set forth in Section 2 above). Any delay in settlement of royalties due SongVest will be subject to payment of interest at a rate of two percent (2%) per month (beyond the 15 day grace period). In the event SongVest requires that Royalties be paid to SongVest directly from the applicable Distributor or Artist, Seller agrees to execute and deliver to Distributor or Artist, as applicable, the LOD immediately upon notice thereof by SongVest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **Successors & Assigns**. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, permitted assigns, heirs, executors and administrators. Neither party may assign any of its rights hereunder; provided, however, that SongVest may assign this Agreement or any of its rights hereunder to a third party which agrees to assume SongVest's obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. **Notices**. All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been given (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); or (c) on the third (3<sup>rd</sup>) day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications must be sent 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 6**):

If to Seller: [_] <br>If to SongVest: RoyaltyTraders, LLC dba SongVest 1053 East Whitaker Mill Road, Suite 115 Raleigh, NC 27604 Attention: President

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. **Choice of Law**. This Agreement shall be governed by and construed in accordance with the laws of the State of Tennessee, USA (without regard to its conflicts of law doctrines) as if this Agreement were entered into and wholly to be performed therein. All actions arising out of or relating to this Agreement shall be brought in the State or Federal courts in Davidson County, Tennessee, and the parties hereby submit to the jurisdiction of such courts. If any legal action or other proceeding is brought for the enforcement of this Agreement or as a result of a breach, default or misrepresentation in connection with any of the provisions of this Agreement, the successful or prevailing party shall be entitled to recover reasonable attorneys' fees and other costs insured in such action or proceeding in addition to any other relief to which such party may be entitled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. **Entire Agreement; Modifications; Headings**. This Agreement, together with the Closing Documents, constitute the entire understanding between the Parties with respect to the transactions contemplated herein and supersede all other agreements and understandings between the Parties; provided, however, that in the event of any conflict, the terms of this Agreement shall prevail. No modification of this Agreement shall be valid unless in writing and signed by both Parties. The titles and headings of the various articles and sections in this Agreement are intended solely for convenience of reference and are not intended for any other purpose whatsoever or to explain, modify, or place any construction on any of the provisions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. **Third-Party Beneficiary**. The Parties acknowledge and agree that the Investor is an intended third-party beneficiary of this Agreement and, therefore, that the Investor may enforce its terms directly.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. **Counterparts; Facsimile Signatures**. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same instrument. A signed copy of this Agreement delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement.

[Signatures to be provided on following page]

IN WITNESS WHEREOF, the Parties have executed this Agreement under seal (each Party adopting the word "SEAL" as its true and lawful seal) as of the date first set forth above.

---

| | |
|:---|:---|
| **SongVest:** | **SongVest:** |
| RoyaltyTraders LLC dba SongVest | RoyaltyTraders LLC dba SongVest |
| By: | (SEAL) |
| Name: | Sean Peace |
| Title: | Founder/CEO |
| **Seller:** | **Seller:** |
| [_] | [_] |
| By: | (SEAL) |
| Name: |  |
| Title: | Seller |

---

**SCHEDULE A**

**PORTFOLIO/REVENUE SOURCES/PERCENTAGE INTERESTS**

1. **Royalty Period –** Commencing on <u>the date of the closing of the Offering</u> and ending upon <u>the expiration of copyright</u>.

2. **Assets** – The following are the type(s) of Assets contained in the Portfolio:

---

| | | |
|:---|:---|:---|
| **TITLE** | **SONG ID** | **SELLER'S % INTEREST** |
| "No Lie" | See attached Exhibit B | 30%, to be adjusted |

---

3. **Percentage Interests** – The Percentage Interest in Seller's Revenue Sources is <u>Thirty Percent (30%)</u> which may be adjusted at date of Closing.

4. **Revenue Sources** – The Revenue Sources from sales and/or exploitations of Assets are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Type:

**<u>Performance</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. Share:

**<u>Writer's Share</u>**

5. **Distributors –** The current Distributors, Labels, and/or PROs, as applicable, of Assets:

**<u>BMI - Currently being collected by Royalty Exchange</u>**

6. **Purchase Price and Royalty Interest** – The Purchase Price shall be equal to either (i) the "Minimum" set forth below; (ii) the "Maximum" set forth below; or (iii) a number in between the "Minimum" and "Maximum" set forth below:

● <u>Minimum</u>: $<u>0.00</u>, which shall entitle SongVest to <u>0</u> % Royalty Interest in the Royalties<sup>**(1)**</sup>

● <u>Maximum</u>: $<u>192,418.00</u> which shall entitle SongVest to a <u>30</u> % Royalty Interest in the Royalties<sup>**(1)**</sup>

7. **Artist** – The musical group or recording artist whose performances are embodied in the Asset(s) is "Dua Lipa"

***(1)***  ***For any Purchase Price that falls between the Minimum or Maximum amounts set forth above, the Royalty Interest in the Royalties to which SongVest shall be entitled will be calculated by multiplying the Purchase Price by a fraction, for which the numerator shall be the Purchase Price, and the denominator shall be the Maximum amount set forth above.*** 

Sch. A-1

**SCHEDULE B: FEES AND EXPENSES**

SongVest intends to collect a fee equal to approximately 26% of the Purchase Price as compensation for its role in facilitating the Transaction.

The Purchase Price agreed to by the Seller herein is not reduced by the aforementioned fees. SongVest may elect to forego these fees at its sole discretion.

Sch. B-1

**EXHIBIT A**

Royalty Exchange

Re: <u>Notice of Assignment of Income</u>

Gentlepersons:

FOR AND IN CONSIDERATION of a mutually agreed upon sum, the receipt of which is hereby acknowledged by the undersigned, effective as of January 5, 2026 ("Closing Date"), [_] ("Seller"), hereby releases [thirty percent (30%)] of earnings received from BMI for the titles listed in Exhibit B to Royalty Traders LLC dba Songvest ("Purchaser") and assigns all royalties to Purchaser.

As evidenced by the Assignment, Purchaser acquired from Seller, throughout the world, the exclusive right to receive and collect [thirty percent (30%)] of Seller's share of royalties from the Compositions accrued and unpaid and hereafter accruing (the "Assigned Royalties"). Accordingly, from and after the date of the closing of the Offering, you are to remit all of the Assigned Royalties, regardless of when earned, to Purchaser, and send them along with any corresponding statements, notices and correspondence to:

RoyaltyTraders, LLC dba SongVest

1053 East Whitaker Rd Suite 115

Raleigh, NC 27604

Or electronically to ﬁnance@songvest.com

Please conﬁrm your receipt of this notice.

---

| |
|:---|
| Very Truly Yours, |
| [_] |

---

**EXHIBIT B**

---

| | |
|:---|:---|
| **Title** | **Song ID** |
| NO LIE | 22298274 |

---

**<u>ASSIGNMENT OF INCOME RIGHTS</u>**

FOR AND IN CONSIDERATION of the sum of Ten Dollars ($10.00) and other good and valuable consideration, the receipt of which is hereby acknowledged by the undersigned, effective as of January 5, 2026 ("Closing Date"), [_], individually, and on behalf of and any affiliate of himself (collectively, "Seller"), hereby irrevocably sells, assigns and transfers to RoyaltyTraders LLC dba SongVest("Purchaser"), a percentage equal to [%] of Seller's right, title, and interest (whether existing, contingent, expectant, or otherwise) in and to the "Seller's Income" (as defined below) and all interests in connection therewith and any and all rights that may be derived therefrom or relate thereto (the "Assignment"), including, but not limited to, the exclusive right to receive, and retain all Monies (as defined below) in connection therewith which have not been actually received by Seller prior to the Closing Date. For the avoidance of doubt, this Assignment includes all of Seller's interest in the Seller's Income regardless of whether such Monies are collectible by Purchaser directly from the original payment source or from a third-party publisher, administrator or other party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. "Compositions" shall mean and include individually and collectively those music compositions (the titles of which are) set forth on Schedule A attached hereto and by this reference incorporated herein, and any and all versions and derivative works of such compositions. For the avoidance of doubt, such derivative works include, but are not limited to, foreign language translations, samples, interpolations, and remixes of the music compositions set forth on Schedule A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. "Seller's Income" shall mean [%] of all Monies deriving from the Compositions and attributable to Seller's fractional authorship interest in the Compositions in connection with the digital public performance of the Compositions for which rights are granted by the copyright owner (or administrator or agent). including, but not limited to, Monies derived from the sale. This includes all payments made by any performing rights organization, collective management organization, or distribution of such Sound Recordings and any other entity responsible for paying royalties on public performances of the Compositions through all channels and by all methods including, without limitation, physical phonorecords, permanent digital downloads, limited downloads, ringtones, ringbacks, videograms, video downloads, interactive streaming, sound recordings, transcriptions, soundtracks, pressings, computer software or hardware devices, CD-ROMS and DVDs, synchronization licenses and uses, and public performance royalties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. "Monies" shall mean and include income, royalties, fees, proceeds, sums, monies, judgments, settlements, earnings and other considerations of any nature, kind or description derived from the public performance of the Compositions throughout the World and Universe.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. The term of the Assignment shall be for the full term of copyright in the respective Compositions throughout the World and including any extensions and renewals thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. This assignment of income rights may be executed in any number of counterparts (including electronic signatures or signatures delivered by fax or scan), each of which shall be deemed an original, but all of which when taken together shall constitute one and the same instrument.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. This assignment of income rights has been executed pursuant to a written Purchase Agreement between Seller and Purchaser dated January 5, 2026 and is subject to all terms and provisions thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. If any provision of this instrument of transfer shall be held void, invalid or inoperative, no other provisions of this instrument of transfer shall be affected as a result thereof and, accordingly, the remaining provisions of this instrument of transfer shall remain in full force and effect.

Executed this ____ day of January, 2026.

---

| | |
|:---|:---|
| **PURCHASER:** | **SELLER:** |
| RoyaltyTraders, LLC. | [_] |

---

**SCHEDULE A to Assignment of Income Rights**

---

| | |
|:---|:---|
| **Title** | **Song ID** |
| NO LIE | 22298274 |

---

## Ex1A-6

**Exhibit 6.33**

**ROYALTY OPTION AGREEMENT**

This Royalty Option Agreement ("**Agreement**") is entered into as of January 5, 2026, by and between RoyaltyTraders LLC dba SongVest, a Delaware limited liability company ("**SongVest**") at 1053 East Whitaker Rd Suite 115, Raleigh, NC 27604, and [_] of 2360 [_] ("**Seller**") and, collectively with SongVest, the "**Parties.**"

WHEREAS, Seller is granting to SongVest an exclusive option to enter into the Transaction, which option shall be deemed exercised in the event the Option Threshold is satisfied.

WHEREAS, Subject to the satisfaction of the Option Threshold hereunder, Seller will sell to SongVest the right to receive Royalties deriving from the Portfolio during the Royalty Periods (as listed on Schedule A), and SongVest will issue proceed rights units (each a "Unit" and collectively the "**Proceed Rights**") to a third party investor (the "**Investor**") in and to such Royalties via the SongVest website (the "**Site**") as further set forth herein (collectively, the "**Transaction**").

WHEREAS, the Parties desire to memorialize their agreement regarding the Royalties to be directed and paid to SongVest in exchange for the payment of the Purchase Price to Seller.

NOW, THEREFORE, the Parties hereby agree as follows:

**Certain Defined Terms**. For purposes of this Agreement, the following terms shall have the meanings set forth below:

"**Assets**" means the assets contained in the Portfolio (e.g., Sound Recordings, sound recordings) as listed on Schedule A attached hereto and made a part hereof.

"**Auction Period**" means the dates during which the Test the Waters Auction is held and ending on the last day of the Test the Waters Auction.

"**Artist(s)**" means those recording artists whose musical performances are embodied in the Assets contained in the Portfolio, if any, and as set forth on Schedule A.

"**Compositions**" means those musical compositions the titles of which are set forth on Schedule A, if any.

"**Distributor(s)**" means any third-party distributor, including a record label or online digital distribution company, that sells, markets, and/or distributes sound recordings embodying the Assets.

"**Fees and Expenses**" means the fees and expenses, including Anticipated Fees, incurred by SongVest for its time and effort to place the Proceed Rights into the Offering and market the Units and Proceed Rights to the general public. Fees and Expenses include, without limitation, legal and other regulator costs related to completing the Offering memorandum and closing. Anticipated Fees are outlined in Schedule B, though actual Fees and Expenses may differ.

"**Net Revenue**" means the Royalties generated from the Portfolio Assets less any service fee charged by the Distributor (or other third party) and current taxes payable during the current period as withheld by the Distributor (or other third party) for the sole purpose of remittal to an entity with taxing authority in the normal course of business.

"**Offering**" means the offering held by SongVest via the Site wherein the Investor is issued the Units and Proceed Rights.

"**Option Threshold**" means an amount equal to the greater of (x) the sum of (i) the Purchase Price that has been raised and secured by SongVest through the Offering; and (ii) the amount set forth on Schedule B, if any and (y) such other amount agreed by Seller. For the avoidance of doubt, if SongVest does not secure an amount equal to or in excess of the Option Threshold, through the Offering, the Option Threshold will not be deemed satisfied.

"**Percentage Interest**" means the percentage of Seller's revenue that SongVest is entitled to receive from the Seller with respect to the Revenue Sources, whereunder the Agreement the Percentage Interest is upto Thirty Percent (30%) which can be adjusted higher or lower in agreement with the Seller.

"**Portfolio**" means the portfolio of Assets as set forth on Schedule A.

"**PRO**" means Seller's public performance rights organization, if any.

"**Purchase Price**" means the final purchase price for the Royalties by SongVest as set forth on Schedule A.

"**Sound Recordings**" means those sound recordings embodying the performances of Artist(s) and set forth on Schedule A, if any.

"**Sound Recording Owner's Share**" means the share of revenue earned by the party owning the sound recording copyrights underlying the Sound Recordings.

"**Revenue Sources**" means those sources of revenue earned and received by Seller and from which the Royalties are derived from the Assets, which may include, as set forth herein, streaming of the Sound Recordings, record sales, neighboring rights, licensing, or digital sales.

"**Royalty Period**" means, with respect to the Royalties, the period commencing with the initial payment of the Royalties to the Investor and ending on such date as set forth in Schedule A.

"**Royalties**" means the royalties payable to SongVest in connection with the Portfolio that derive from the Revenue Sources based on the Percentage Interest.

"**Royalty Interest**" means the percentage of the Royalties that SongVest is entitled to as set forth in Schedule A based on the Percentage Interest.

"**Seller Agreements**" means those agreements between Seller and third parties, including Artists and/or Distributors, wherein Seller is entitled to receive the Percentage Interest of all Assets.

"**Streaming**" means the Net Revenue payable to Seller derived from the Portfolio (including all Assets) from Distributor, Artist, Publisher, and/or PRO, as applicable, from all digital streaming platforms (e.g., Spotify) and reported by any source (digital service providers, SoundExchange, Distributor or other companies collecting streaming income on the Portfolio).

"**Term**" means the term of this Agreement, which Term shall commence on the date of signature of this Agreement and continue until the earlier of (a) the date that the Option Threshold is deemed to not be satisfied and (b) the date that all Royalties payable during the Royalty Period have been paid to SongVest. For the avoidance of doubt, in the event the Option Threshold has been satisfied, SongVest's option to enter into the Transaction shall be deemed exercised and the Term shall continue through the date that all Royalties payable hereunder have been paid to SongVest.

"**Test the Waters Auction**" is a means in which SongVest may hold a pre-auction at SongVest.com website, where individuals can bid, through a second-price auction process. SongVest will use this process to gauge interest in the auction to help us finalize the number of shares and price per share of the Units.

"**Videos**" means those audiovisual recordings of Sound Recordings and set forth on Schedule A, if any.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1. **Transaction/Offering.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller hereby grants to SongVest the exclusive right during the Term to conduct the Offering, and at SongVest's discretion, a Test The Waters Auction prior thereto via the Site for the Auction Period. Upon the conclusion of the Offering, and solely in the event the Option Threshold is satisfied, SongVest's option to enter into the Transaction shall be deemed exercised and Seller shall irrevocably assign, grant and convey the rights to the Royalties to SongVest for the entire duration of the Royalty Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. SongVest shall be solely responsible for the payment of the Proceed Rights to the Investor from the Royalties received from Seller hereunder throughout the Royalty Period. Seller shall execute the irrevocable notice of assignments (the "Direction Letters") attached hereto as Exhibit "A," in which Seller will direct Distributors, Publisher and/or the PRO, as applicable, and shall direct any other third-party publisher or Revenue Source, to pay directly to SongVest the Percentage Interest of the Royalties. The Direction Letter shall remain in full effect, is irrevocable, and Seller shall never attempt to modify the terms of the Direction Letter or notify a Distributor, Publisher or PRO (as applicable) that the Royalties should no longer be directed to SongVest. Seller shall also execute any other document as a Distributor, Publisher, PRO (as applicable) or SongVest may require to assure such assignment. Notwithstanding the foregoing, in no event shall Seller be liable for any failure of Distributor, Publisher or PRO (as applicable) to pay pursuant to the Direction Letter, provided however Seller shall use best efforts to enforce all its rights and remedies in connection therewith.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Promptly upon the conclusion of the Offering and receipt of the full Purchase Price therefor, SongVest will pay Seller the full amount of the Purchase Price to Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Notwithstanding the foregoing or anything herein to the contrary, in the event the Option Threshold is not satisfied (i.e., the full Purchase Price is not secured during the Offering), no rights to Royalties or any other revenue or property of Seller shall transfer to SongVest hereunder, SongVest's option to enter into the Transaction shall be waived, and the Term of this Agreement shall terminate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **Royalties**. In consideration of the Purchase Price paid to Seller hereunder, during the Royalty Period, Seller hereby agrees to pay (or direct payment) from all applicable third parties, including Distributor and/or Artist) the Percentage Interest of all Royalties from the following Assets and applicable Revenue Sources, as applicable hereunder and listed in Schedule A, in connection with the Portfolio as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. **Sound Recordings:** Revenue earned by Seller in connection with the sale and exploitation of the Sound Recordings in the Portfolio, if applicable, will be paid at the Percentage Interest and for the applicable Revenue Sources (e.g., Streaming) as set forth in Schedule A. Sales shall be determined by reference to the royalty statements from the royalties credited to Seller by Distributor, Artist or other third party for the applicable calendar quarter or bi-yearly, which shall be conclusive and binding upon the Parties, absent manifest error.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. **Videos:** Revenue earned by Seller in connection with the sale, distribution and exploitation of Videos in the Portfolio via the Revenue Sources, if applicable, will be paid to SongVest and will be calculated on the Percentage Interest for the applicable Revenue Sources as set forth on Schedule A. Sales shall be determined by reference to the royalty statements from the royalties credited to Seller by Distributor, Artist or other third party for the applicable calendar quarter or bi-yearly, which shall be conclusive and binding upon the Parties, absent manifest error.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. **Neighboring Rights:** Revenue earned by Seller in connection with all neighboring rights (including SoundExchange) from the Sound Recordings in the Portfolio, if applicable, will be paid to SongVest and will be calculated on the Percentage Interest as set forth on Schedule A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. **Additional Assets:** Revenue earned by Seller from the Revenue Sources in connection with additional Assets as listed in Schedule A, if any, will be paid to SongVest and will be calculated on the Percentage Interest on Schedule A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. **Accounting:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. A. Seller shall, pursuant to irrevocable letters of direction ("LOD"), a copy of which is attached hereto as Exhibit A, direct
and cause Distributor, Artist, Publisher, PRO and/or other third party, as applicable, that distributes Assets and accounts to Seller
in connection with Royalties therefor, to account and pay all Royalties to SongVest for the entire Royalty Period at the same time and
on the same terms as such party is required to account to Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. In the event Distributor, Artist, Publisher, PRO and/or other third party, as applicable, fails to account or pay Royalties to SongVest directly as required hereunder, Seller shall account to SongVest via a statement and pay all Royalties earned during such period no later than fifteen (15) days after receipt by Seller of such Royalties. All payments shall be made to SongVest via wire transfer of immediately available funds pursuant to SongVest's written instructions for same. In the event Seller conducts an audit of any of Distributor's or Artist's (or other distributor's, publishers, PRO's or licenses) books and records regarding the sale of any Asset in the Portfolio at any time during the Term, Seller shall notify SongVest thereof and allow SongVest to participate in such audit as it relates to sales of Portfolio. In the event Seller receives any proceeds or awards from any such audit or other claim relating to the Portfolio, Seller will immediately notify SongVest thereof and pay to SongVest its proportionate share of the proceeds (subject to a deduction therefrom of Seller's actual, verifiable costs in conducting such audit or claim). Upon SongVest's request therefor and subject to SongVest covering the costs thereof, Seller agrees to conduct an audit of Distributor's or Artist's books and records related solely to accountings in connection with Royalties hereunder. In the event such audit reveals an underpayment of any monies due and payable in connection with Assets that were the subject of such audit, Seller shall ensure that such additional monies are collected and paid directly to SongVest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. At any time within two (2) years after any statement is rendered to SongVest hereunder, SongVest shall have the right to, upon thirty (30) days written notice, examine Seller's books and records with respect to such statement. Such examination shall be at SongVest's sole cost and expense, by a certified public accountant or other qualified representative designated by SongVest. Such examination shall be made during Seller's usual business hours at the place where Seller maintains the books and records which relate to the Portfolio and which are necessary to verify the accuracy of the statement. Seller shall have no obligation to produce such books and records more than once with respect to each statement rendered to SongVest. Unless notice shall have been given to Seller as provided hereinabove, each royalty statement rendered to SongVest shall be final, conclusive and binding on SongVest and shall constitute an account stated. SongVest shall be foreclosed from maintaining any action, claim or proceeding against Seller in any forum or tribunal with respect to any statement or accounting rendered hereunder unless such action, claim or proceeding is commenced against Company in a court of competent jurisdiction within eighteen (18) months after the date such statement or accounting is rendered. Seller's obligations under this section and Songvest's rights will be limited to those rights in the Seller Agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Taxes. Songvest will be responsible for tax obligations on the Percentage Interest for the Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **Seller's Representations, Warranties and Covenants**. The Seller hereby represents, warrants and covenants to SongVest that as of the date hereof:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller: (i) owns and/or has the irrevocable, exclusive right to receive the Royalties free and clear of any mortgage, pledge, lien, charge, security interest, encumbrance, restriction or adverse claim of any nature whatsoever (collectively, "Liens"), other than any tax obligation that Seller must satisfy in connection with the purchase and sale of the Royalties hereunder, (ii) is not aware of any Liens being asserted against the Royalties, (iii) has not consented to the imposition of any Liens on the Royalties and (iv) has not sold, assigned, transferred or otherwise encumbered any of Seller's rights in the Royalties to any person or entity other than SongVest;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Seller is competent to enter into (and understands the terms of) this Agreement and has been represented by tax and accounting advisors and legal counsel in the negotiation and execution of this Agreement, or knowingly waived Seller's right to do so;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Seller intends to (and shall) fully and timely satisfy all tax obligations of Seller flowing from this Agreement from the proceeds Seller receives from SongVest hereunder; In the event Seller fails to satisfy tax obligations flowing from this Agreement, SongVest will not be subject to liability on behalf of Seller;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Seller shall indemnify, defend and hold harmless SongVest, its agents, attorneys, employees, officers, directors, successors and assigns (collectively, the Indemnified Parties") from and against all claims, losses, damages, penalties, judgments, lawsuits and all related costs and expenses of any nature (including legal fees and costs) (collectively, "Costs") which may be incurred by or asserted against any of the Indemnified Parties arising out of, related to, or in connection with, this Agreement or any rights assigned or granted to SongVest hereunder, the Compositions, Sound Recordings, Videos, and/or other Assets (or any of them), or any breach or alleged breach by Seller of Seller's obligations, agreements, covenants, representations and/or warranties in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Seller has all necessary right, power, legal capacity and authority, and all necessary actions on the part of Seller (including action required to be taken by Seller's officers, directors, shareholders, trustees, executors or representatives) have been duly and validly taken to authorize Seller: (i) to own the Royalties; (ii) to sell, assign and transfer the Royalties as provided herein; (iii) to effectuate the execution and delivery of this Agreement; (iv) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (v) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. No approvals or consents of any persons or entities other than Seller and Distributor are necessary in connection therewith, including, without limitation, any approval or consent by the Artists, any co-writers or owners of the Assets, and/or any third-party publishers or PRO's, as applicable. SongVest has all necessary right, power, legal capacity and authority to (i) sell, market (directly or indirectly) advertise or promote securities as that term is understood by the U.S. Securities and Exchange Commission (SEC) including any related to the Portfolio, (ii) to effectuate the execution and delivery of this Agreement; (iii) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (iv) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. This Agreement is legal, valid, and binding upon the Parties and is enforceable in accordance with its terms. Songvest and Seller will work with Distributor for approvals, if necessary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. As of the date of execution of this Agreement, Seller has no outstanding, unrecouped, and/or unearned advances in respect of or affecting the Royalties and, at no time during the Term will Seller enter into any agreement affecting the payment of Royalties hereunder, including, without limitation, any agreement whereby Seller receives any advance or other monies that are recoupable from (or otherwise reduce) Royalties payable hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. All federal, state and local taxes accrued or owing to and including the date of execution of this Agreement arising out of or in connection with the Royalties, including without limitation any sales or transfer taxes resulting from the transaction contemplated herein, if any, have been or will be paid or caused to be paid by Seller. The Royalties are free and clear of any and all liens, charges, mortgages, pledges, claims, encumbrances, obligations or liabilities of any kind or nature whatsoever whether accrued, absolute, contingent or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Throughout the entire Term, Seller shall use its best efforts to ensure that Distributor and/or Artist continuously pays Royalties, and that Distributor and/or Artist sells and exploits through all channels the Assets contained in the Portfolio, promotes, markets and advertises the Portfolio, and that the entire Portfolio shall remain in Distributor's catalog and in no event shall any portion thereof be deleted therefrom unless same is the subject of any bona-fide dispute with any of Seller's distributors, Publishers, or PRO. Further, Shall not, at any time during the Royalty Period, sell, assign, transfer or otherwise dispose of any Asset contained in the Portfolio (or any portion thereof). The foregoing restriction shall not apply to any of Sellers's distributors, Publishers, or PROs, provided Seller shall provide written notice to SongVest of any sale by the foregoing promptly upon receiving notice from such third parties. The foregoing will not prohibit the Seller from selling, assigning, transferring or otherwise disposing of additional percentage interests in the Portfolio to any other party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Seller has not assigned, pledged or otherwise transferred or encumbered the rights in the Royalties or any other rights being granted hereunder and has not and will not grant any rights or incur any obligations that are inconsistent with the rights granted herein or Seller's obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. Seller will maintain the power, right and authority to perform its obligations hereunder at all times during the Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k. Each Seller Agreement is: (i) in full force and effect as of the date hereof, and shall remain in effect throughout the entire Term and (ii) a valid and binding agreement between Seller and the applicable third party (e.g., Artist) wherein Seller is irrevocably entitled to receive and retain all Royalties with respect to the Assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l. At no time during the Term shall Seller terminate, rescind, revoke or attempt to terminate, rescind or revoke such Seller Agreement or any LOD without the prior written approval of SongVest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. **Distribution**. Seller agrees that if, prior to the expiration of the Term, Seller becomes aware that Distributor or Artist no longer has rights to distribute or exploit all or any of the Assets in the Portfolio or if Artist or Distributor is assigning rights in the Assets to any party or licensing rights to a new third party distributor or other entity (wherein a new entity has the right to sell Assets and is obligated to account to Seller [or other rights holder] for all sales thereof) (or otherwise the applicable Distributor or Artist desires to make such change), Seller agrees to notify, in writing, SongVest at least sixty (60) days in advance of said change (or, as soon as Seller is made aware of such change). Such notice shall include the titles of the Portfolio which shall be the subject matter of such change, and the particular change to be made. Seller further agrees to cooperate with SongVest and take whatever actions are necessary, complete and execute any necessary paperwork, documents and instruments (including, without limitation, new LODs) and submit same to the new distributor, licensee, publisher and/or owner, as applicable, so that the entire grant and assignment agreed upon in this Agreement shall continue to be paid to SongVest, if required, uninterruptedly. If Seller fails to notify SongVest such that SongVest cannot obtain the Royalties due SongVest per this Agreement within sixty (60) days after any change, or, if for any other reason SongVest is no longer able to receive the Royalties (or a portion thereof), Seller agrees that any royalties collected by Seller which should have been paid to SongVest per this Agreement will be paid directly to SongVest by Seller within fifteen (15) days after Seller's receipt thereof (as further set forth in Section 2 above). Any delay in settlement of royalties due SongVest will be subject to payment of interest at a rate of two percent (2%) per month (beyond the 15 day grace period). In the event SongVest requires that Royalties be paid to SongVest directly from the applicable Distributor or Artist, Seller agrees to execute and deliver to Distributor or Artist, as applicable, the LOD immediately upon notice thereof by SongVest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **Successors & Assigns**. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, permitted assigns, heirs, executors and administrators. Neither party may assign any of its rights hereunder; provided, however, that SongVest may assign this Agreement or any of its rights hereunder to a third party which agrees to assume SongVest's obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. **Notices**. All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been given (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); or (c) on the third (3<sup>rd</sup>) day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications must be sent 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 6**):

If to Seller: [_] <br>If to SongVest: RoyaltyTraders, LLC dba SongVest 1053 East Whitaker Mill Road, Suite 115 Raleigh, NC 27604 Attention: President

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. **Choice of Law**. This Agreement shall be governed by and construed in accordance with the laws of the State of Tennessee, USA (without regard to its conflicts of law doctrines) as if this Agreement were entered into and wholly to be performed therein. All actions arising out of or relating to this Agreement shall be brought in the State or Federal courts in Davidson County, Tennessee, and the parties hereby submit to the jurisdiction of such courts. If any legal action or other proceeding is brought for the enforcement of this Agreement or as a result of a breach, default or misrepresentation in connection with any of the provisions of this Agreement, the successful or prevailing party shall be entitled to recover reasonable attorneys' fees and other costs insured in such action or proceeding in addition to any other relief to which such party may be entitled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. **Entire Agreement; Modifications; Headings**. This Agreement, together with the Closing Documents, constitute the entire understanding between the Parties with respect to the transactions contemplated herein and supersede all other agreements and understandings between the Parties; provided, however, that in the event of any conflict, the terms of this Agreement shall prevail. No modification of this Agreement shall be valid unless in writing and signed by both Parties. The titles and headings of the various articles and sections in this Agreement are intended solely for convenience of reference and are not intended for any other purpose whatsoever or to explain, modify, or place any construction on any of the provisions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. **Third-Party Beneficiary**. The Parties acknowledge and agree that the Investor is an intended third-party beneficiary of this Agreement and, therefore, that the Investor may enforce its terms directly.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. **Counterparts; Facsimile Signatures**. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same instrument. A signed copy of this Agreement delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement.

[Signatures to be provided on following page]

IN WITNESS WHEREOF, the Parties have executed this Agreement under seal (each Party adopting the word "SEAL" as its true and lawful seal) as of the date first set forth above.

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| | |
|:---|:---|
| **SongVest:** | **SongVest:** |
| RoyaltyTraders LLC dba SongVest | RoyaltyTraders LLC dba SongVest |
| By: | (SEAL) |
| Name: | Sean Peace |
| Title: | Founder/CEO |
| **Seller:** | **Seller:** |
| [_] | [_] |
| By: | (SEAL) |
| Name: |  |
| Title: | Seller |

---

**SCHEDULE A**

**PORTFOLIO/REVENUE SOURCES/PERCENTAGE INTERESTS**

1. **Royalty Period –** Commencing on <u>the date of the closing of the Offering</u> and ending upon <u>the expiration of copyright</u>.

2. **Assets** – The following are the type(s) of Assets contained in the Portfolio:

---

| | | |
|:---|:---|:---|
| **TITLE** | **SONG ID** | **SELLER'S % INTEREST** |
| "Tip Toe" | See attached Exhibit B | 30%, to be adjusted |

---

3. **Percentage Interests** – The Percentage Interest in Seller's Revenue Sources is <u>Thirty Percent (30%)</u> which may be adjusted at date of Closing.

4. **Revenue Sources** – The Revenue Sources from sales and/or exploitations of Assets are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Type:

**<u>Performance</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. Share:

**<u>Writer's Share</u>**

5. **Distributors –** The current Distributors, Labels, and/or PROs, as applicable, of Assets:

**<u>BMI - Currently being collected by Royalty Exchange</u>**

6. **Purchase Price and Royalty Interest** – The Purchase Price shall be equal to either (i) the "Minimum" set forth below; (ii) the "Maximum" set forth below; or (iii) a number in between the "Minimum" and "Maximum" set forth below:

● <u>Minimum</u>: $<u>0.00</u>, which shall entitle SongVest to <u>0</u> % Royalty Interest in the Royalties<sup>**(1)**</sup>

● <u>Maximum</u>: $<u>31,451.00</u> which shall entitle SongVest to a <u>30</u> % Royalty Interest in the Royalties<sup>**(1)**</sup>

7. **Artist** – The musical group or recording artist whose performances are embodied in the Asset(s) is "Jason Derulo"

***(1)***  ***For any Purchase Price that falls between the Minimum or Maximum amounts set forth above, the Royalty Interest in the Royalties to which SongVest shall be entitled will be calculated by multiplying the Purchase Price by a fraction, for which the numerator shall be the Purchase Price, and the denominator shall be the Maximum amount set forth above.*** 

Sch. A-1

**SCHEDULE B: FEES AND EXPENSES**

SongVest intends to collect a fee equal to approximately 26% of the Purchase Price as compensation for its role in facilitating the Transaction.

The Purchase Price agreed to by the Seller herein is not reduced by the aforementioned fees. SongVest may elect to forego these fees at its sole discretion.

Sch. B-1

**EXHIBIT A**

Royalty Exchange

Re: <u>Notice of Assignment of Income</u>

Gentlepersons:

FOR AND IN CONSIDERATION of a mutually agreed upon sum, the receipt of which is hereby acknowledged by the undersigned, effective as of January 5, 2026 ("Closing Date"), [_] ("Seller"), hereby releases [thirty percent (30%)] of earnings received from BMI for the titles listed in Exhibit B to Royalty Traders LLC dba Songvest ("Purchaser") and assigns all royalties to Purchaser.

As evidenced by the Assignment, Purchaser acquired from Seller, throughout the world, the exclusive right to receive and collect [thirty percent (30%)] of Seller's share of royalties from the Compositions accrued and unpaid and hereafter accruing (the "Assigned Royalties"). Accordingly, from and after the date of the closing of the Offering, you are to remit all of the Assigned Royalties, regardless of when earned, to Purchaser, and send them along with any corresponding statements, notices and correspondence to:

RoyaltyTraders, LLC dba SongVest

1053 East Whitaker Rd Suite 115

Raleigh, NC 27604

Or electronically to ﬁnance@songvest.com

Please conﬁrm your receipt of this notice.

---

| |
|:---|
| Very Truly Yours, |
| [_] |

---

**EXHIBIT B**

---

| | |
|:---|:---|
| **Title** | **Song ID** |
| TIP TOE | 25603474 |

---

**<u>ASSIGNMENT OF INCOME RIGHTS</u>**

FOR AND IN CONSIDERATION of the sum of Ten Dollars ($10.00) and other good and valuable consideration, the receipt of which is hereby acknowledged by the undersigned, effective as of January 5, 2026 ("Closing Date"), [_], individually, and on behalf of and any affiliate of himself (collectively, "Seller"), hereby irrevocably sells, assigns and transfers to RoyaltyTraders LLC dba SongVest("Purchaser"), a percentage equal to [%] of Seller's right, title, and interest (whether existing, contingent, expectant, or otherwise) in and to the "Seller's Income" (as defined below) and all interests in connection therewith and any and all rights that may be derived therefrom or relate thereto (the "Assignment"), including, but not limited to, the exclusive right to receive, and retain all Monies (as defined below) in connection therewith which have not been actually received by Seller prior to the Closing Date. For the avoidance of doubt, this Assignment includes all of Seller's interest in the Seller's Income regardless of whether such Monies are collectible by Purchaser directly from the original payment source or from a third-party publisher, administrator or other party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. "Compositions" shall mean and include individually and collectively those music compositions (the titles of which are) set forth on Schedule A attached hereto and by this reference incorporated herein, and any and all versions and derivative works of such compositions. For the avoidance of doubt, such derivative works include, but are not limited to, foreign language translations, samples, interpolations, and remixes of the music compositions set forth on Schedule A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. "Seller's Income" shall mean [%] of all Monies deriving from the Compositions and attributable to Seller's fractional authorship interest in the Compositions in connection with the digital public performance of the Compositions for which rights are granted by the copyright owner (or administrator or agent). including, but not limited to, Monies derived from the sale. This includes all payments made by any performing rights organization, collective management organization, or distribution of such Sound Recordings and any other entity responsible for paying royalties on public performances of the Compositions through all channels and by all methods including, without limitation, physical phonorecords, permanent digital downloads, limited downloads, ringtones, ringbacks, videograms, video downloads, interactive streaming, sound recordings, transcriptions, soundtracks, pressings, computer software or hardware devices, CD-ROMS and DVDs, synchronization licenses and uses, and public performance royalties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. "Monies" shall mean and include income, royalties, fees, proceeds, sums, monies, judgments, settlements, earnings and other considerations of any nature, kind or description derived from the public performance of the Compositions throughout the World and Universe.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. The term of the Assignment shall be for the full term of copyright in the respective Compositions throughout the World and including any extensions and renewals thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. This assignment of income rights may be executed in any number of counterparts (including electronic signatures or signatures delivered by fax or scan), each of which shall be deemed an original, but all of which when taken together shall constitute one and the same instrument.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. This assignment of income rights has been executed pursuant to a written Purchase Agreement between Seller and Purchaser dated January 5, 2026 and is subject to all terms and provisions thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. If any provision of this instrument of transfer shall be held void, invalid or inoperative, no other provisions of this instrument of transfer shall be affected as a result thereof and, accordingly, the remaining provisions of this instrument of transfer shall remain in full force and effect.

Executed this ____ day of January, 2026.

---

| | |
|:---|:---|
| **PURCHASER:** | **SELLER:** |
| RoyaltyTraders, LLC. | [_] |

---

**SCHEDULE A to Assignment of Income Rights**

---

| | |
|:---|:---|
| **Title** | **Song ID** |
| TIP TOE | 25603474 |

---

## Ex1A-6

**Exhibit 6.34**

**ROYALTY OPTION AGREEMENT**

This Royalty Option Agreement ("**Agreement**") is entered into as of January 5, 2026, by and between RoyaltyTraders LLC dba SongVest, a Delaware limited liability company ("**SongVest**") at 1053 East Whitaker Rd Suite 115, Raleigh, NC 27604, and [_] of [_] ("**Seller**") and, collectively with SongVest, the "**Parties.**"

WHEREAS, Seller is granting to SongVest an exclusive option to enter into the Transaction, which option shall be deemed exercised in the event the Option Threshold is satisfied.

WHEREAS, Subject to the satisfaction of the Option Threshold hereunder, Seller will sell to SongVest the right to receive Royalties deriving from the Portfolio during the Royalty Periods (as listed on Schedule A), and SongVest will issue proceed rights units (each a "Unit" and collectively the "**Proceed Rights**") to a third party investor (the "**Investor**") in and to such Royalties via the SongVest website (the "**Site**") as further set forth herein (collectively, the "**Transaction**").

WHEREAS, the Parties desire to memorialize their agreement regarding the Royalties to be directed and paid to SongVest in exchange for the payment of the Purchase Price to Seller.

NOW, THEREFORE, the Parties hereby agree as follows:

**Certain Defined Terms**. For purposes of this Agreement, the following terms shall have the meanings set forth below:

"**Assets**" means the assets contained in the Portfolio (e.g., Sound Recordings, sound recordings) as listed on Schedule A attached hereto and made a part hereof.

"**Auction Period**" means the dates during which the Test the Waters Auction is held and ending on the last day of the Test the Waters Auction.

"**Artist(s)**" means those recording artists whose musical performances are embodied in the Assets contained in the Portfolio, if any, and as set forth on Schedule A.

"**Compositions**" means those musical compositions the titles of which are set forth on Schedule A, if any.

"**Distributor(s)**" means any third-party distributor, including a record label or online digital distribution company, that sells, markets, and/or distributes sound recordings embodying the Assets.

"**Fees and Expenses**" means the fees and expenses, including Anticipated Fees, incurred by SongVest for its time and effort to place the Proceed Rights into the Offering and market the Units and Proceed Rights to the general public. Fees and Expenses include, without limitation, legal and other regulator costs related to completing the Offering memorandum and closing. Anticipated Fees are outlined in Schedule B, though actual Fees and Expenses may differ.

"**Net Revenue**" means the Royalties generated from the Portfolio Assets less any service fee charged by the Distributor (or other third party) and current taxes payable during the current period as withheld by the Distributor (or other third party) for the sole purpose of remittal to an entity with taxing authority in the normal course of business.

"**Offering**" means the offering held by SongVest via the Site wherein the Investor is issued the Units and Proceed Rights.

"**Option Threshold**" means an amount equal to the greater of (x) the sum of (i) the Purchase Price that has been raised and secured by SongVest through the Offering; and (ii) the amount set forth on Schedule B, if any and (y) such other amount agreed by Seller. For the avoidance of doubt, if SongVest does not secure an amount equal to or in excess of the Option Threshold, through the Offering, the Option Threshold will not be deemed satisfied.

"**Percentage Interest**" means the percentage of Seller's revenue that SongVest is entitled to receive from the Seller with respect to the Revenue Sources, whereunder the Agreement the Percentage Interest is up to Thirty Percent (30%) which can be adjusted higher or lower in agreement with the Seller.

"**Portfolio**" means the portfolio of Assets as set forth on Schedule A.

"**PRO**" means Seller's public performance rights organization, if any.

"**Purchase Price**" means the final purchase price for the Royalties by SongVest as set forth on Schedule A.

"**Sound Recordings**" means those sound recordings embodying the performances of Artist(s) and set forth on Schedule A, if any.

"**Sound Recording Owner's Share**" means the share of revenue earned by the party owning the sound recording copyrights underlying the Sound Recordings.

"**Revenue Sources**" means those sources of revenue earned and received by Seller and from which the Royalties are derived from the Assets, which may include, as set forth herein, streaming of the Sound Recordings, record sales, neighboring rights, licensing, or digital sales.

"**Royalty Period**" means, with respect to the Royalties, the period commencing with the initial payment of the Royalties to the Investor and ending on such date as set forth in Schedule A.

"**Royalties**" means the royalties payable to SongVest in connection with the Portfolio that derive from the Revenue Sources based on the Percentage Interest.

"**Royalty Interest**" means the percentage of the Royalties that SongVest is entitled to as set forth in Schedule A based on the Percentage Interest.

"**Seller Agreements**" means those agreements between Seller and third parties, including Artists and/or Distributors, wherein Seller is entitled to receive the Percentage Interest of all Assets.

"**Streaming**" means the Net Revenue payable to Seller derived from the Portfolio (including all Assets) from Distributor, Artist, Publisher, and/or PRO, as applicable, from all digital streaming platforms (e.g., Spotify) and reported by any source (digital service providers, SoundExchange, Distributor or other companies collecting streaming income on the Portfolio).

"**Term**" means the term of this Agreement, which Term shall commence on the date of signature of this Agreement and continue until the earlier of (a) the date that the Option Threshold is deemed to not be satisfied and (b) the date that all Royalties payable during the Royalty Period have been paid to SongVest. For the avoidance of doubt, in the event the Option Threshold has been satisfied, SongVest's option to enter into the Transaction shall be deemed exercised and the Term shall continue through the date that all Royalties payable hereunder have been paid to SongVest.

"**Test the Waters Auction**" is a means in which SongVest may hold a pre-auction at SongVest.com website, where individuals can bid, through a second-price auction process. SongVest will use this process to gauge interest in the auction to help us finalize the number of shares and price per share of the Units.

"**Videos**" means those audiovisual recordings of Sound Recordings and set forth on Schedule A, if any.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1. **Transaction/Offering.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller hereby grants to SongVest the exclusive right during the Term to conduct the Offering, and at SongVest's discretion, a Test The Waters Auction prior thereto via the Site for the Auction Period. Upon the conclusion of the Offering, and solely in the event the Option Threshold is satisfied, SongVest's option to enter into the Transaction shall be deemed exercised and Seller shall irrevocably assign, grant and convey the rights to the Royalties to SongVest for the entire duration of the Royalty Period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. SongVest shall be solely responsible for the payment of the Proceed Rights to the Investor from the Royalties received from Seller hereunder throughout the Royalty Period. Seller shall execute the irrevocable notice of assignments (the "Direction Letters") attached hereto as Exhibit "A," in which Seller will direct Distributors, Publisher and/or the PRO, as applicable, and shall direct any other third-party publisher or Revenue Source, to pay directly to SongVest the Percentage Interest of the Royalties. The Direction Letter shall remain in full effect, is irrevocable, and Seller shall never attempt to modify the terms of the Direction Letter or notify a Distributor, Publisher or PRO (as applicable) that the Royalties should no longer be directed to SongVest. Seller shall also execute any other document as a Distributor, Publisher, PRO (as applicable) or SongVest may require to assure such assignment. Notwithstanding the foregoing, in no event shall Seller be liable for any failure of Distributor, Publisher or PRO (as applicable) to pay pursuant to the Direction Letter, provided however Seller shall use best efforts to enforce all its rights and remedies in connection therewith.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Promptly upon the conclusion of the Offering and receipt of the full Purchase Price therefor, SongVest will pay Seller the full amount of the Purchase Price to Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Notwithstanding the foregoing or anything herein to the contrary, in the event the Option Threshold is not satisfied (i.e., the full Purchase Price is not secured during the Offering), no rights to Royalties or any other revenue or property of Seller shall transfer to SongVest hereunder, SongVest's option to enter into the Transaction shall be waived, and the Term of this Agreement shall terminate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **Royalties**. In consideration of the Purchase Price paid to Seller hereunder, during the Royalty Period, Seller hereby agrees to pay (or direct payment) from all applicable third parties, including Distributor and/or Artist) the Percentage Interest of all Royalties from the following Assets and applicable Revenue Sources, as applicable hereunder and listed in Schedule A, in connection with the Portfolio as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. **Sound Recordings:** Revenue earned by Seller in connection with the sale and exploitation of the Sound Recordings in the Portfolio, if applicable, will be paid at the Percentage Interest and for the applicable Revenue Sources (e.g., Streaming) as set forth in Schedule A. Sales shall be determined by reference to the royalty statements from the royalties credited to Seller by Distributor, Artist or other third party for the applicable calendar quarter or bi-yearly, which shall be conclusive and binding upon the Parties, absent manifest error.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. **Videos:** Revenue earned by Seller in connection with the sale, distribution and exploitation of Videos in the Portfolio via the Revenue Sources, if applicable, will be paid to SongVest and will be calculated on the Percentage Interest for the applicable Revenue Sources as set forth on Schedule A. Sales shall be determined by reference to the royalty statements from the royalties credited to Seller by Distributor, Artist or other third party for the applicable calendar quarter or bi-yearly, which shall be conclusive and binding upon the Parties, absent manifest error.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. **Neighboring Rights:** Revenue earned by Seller in connection with all neighboring rights (including SoundExchange) from the Sound Recordings in the Portfolio, if applicable, will be paid to SongVest and will be calculated on the Percentage Interest as set forth on Schedule A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. **Additional Assets:** Revenue earned by Seller from the Revenue Sources in connection with additional Assets as listed in Schedule A, if any, will be paid to SongVest and will be calculated on the Percentage Interest on Schedule A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. **Accounting:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. A. Seller shall, pursuant to irrevocable letters of direction ("LOD"), a copy of which is attached hereto as Exhibit A, direct
and cause Distributor, Artist, Publisher, PRO and/or other third party, as applicable, that distributes Assets and accounts to Seller
in connection with Royalties therefor, to account and pay all Royalties to SongVest for the entire Royalty Period at the same time and
on the same terms as such party is required to account to Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. In the event Distributor, Artist, Publisher, PRO and/or other third party, as applicable, fails to account or pay Royalties to SongVest directly as required hereunder, Seller shall account to SongVest via a statement and pay all Royalties earned during such period no later than fifteen (15) days after receipt by Seller of such Royalties. All payments shall be made to SongVest via wire transfer of immediately available funds pursuant to SongVest's written instructions for same. In the event Seller conducts an audit of any of Distributor's or Artist's (or other distributor's, publishers, PRO's or licenses) books and records regarding the sale of any Asset in the Portfolio at any time during the Term, Seller shall notify SongVest thereof and allow SongVest to participate in such audit as it relates to sales of Portfolio. In the event Seller receives any proceeds or awards from any such audit or other claim relating to the Portfolio, Seller will immediately notify SongVest thereof and pay to SongVest its proportionate share of the proceeds (subject to a deduction therefrom of Seller's actual, verifiable costs in conducting such audit or claim). Upon SongVest's request therefor and subject to SongVest covering the costs thereof, Seller agrees to conduct an audit of Distributor's or Artist's books and records related solely to accountings in connection with Royalties hereunder. In the event such audit reveals an underpayment of any monies due and payable in connection with Assets that were the subject of such audit, Seller shall ensure that such additional monies are collected and paid directly to SongVest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. At any time within two (2) years after any statement is rendered to SongVest hereunder, SongVest shall have the right to, upon thirty (30) days written notice, examine Seller's books and records with respect to such statement. Such examination shall be at SongVest's sole cost and expense, by a certified public accountant or other qualified representative designated by SongVest. Such examination shall be made during Seller's usual business hours at the place where Seller maintains the books and records which relate to the Portfolio and which are necessary to verify the accuracy of the statement. Seller shall have no obligation to produce such books and records more than once with respect to each statement rendered to SongVest. Unless notice shall have been given to Seller as provided hereinabove, each royalty statement rendered to SongVest shall be final, conclusive and binding on SongVest and shall constitute an account stated. SongVest shall be foreclosed from maintaining any action, claim or proceeding against Seller in any forum or tribunal with respect to any statement or accounting rendered hereunder unless such action, claim or proceeding is commenced against Company in a court of competent jurisdiction within eighteen (18) months after the date such statement or accounting is rendered. Seller's obligations under this section and Songvest's rights will be limited to those rights in the Seller Agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Taxes. Songvest will be responsible for tax obligations on the Percentage Interest for the Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **Seller's Representations, Warranties and Covenants**. The Seller hereby represents, warrants and covenants to SongVest that as of the date hereof:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller: (i) owns and/or has the irrevocable, exclusive right to receive the Royalties free and clear of any mortgage, pledge, lien, charge, security interest, encumbrance, restriction or adverse claim of any nature whatsoever (collectively, "Liens"), other than any tax obligation that Seller must satisfy in connection with the purchase and sale of the Royalties hereunder, (ii) is not aware of any Liens being asserted against the Royalties, (iii) has not consented to the imposition of any Liens on the Royalties and (iv) has not sold, assigned, transferred or otherwise encumbered any of Seller's rights in the Royalties to any person or entity other than SongVest;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Seller is competent to enter into (and understands the terms of) this Agreement and has been represented by tax and accounting advisors and legal counsel in the negotiation and execution of this Agreement, or knowingly waived Seller's right to do so;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Seller intends to (and shall) fully and timely satisfy all tax obligations of Seller flowing from this Agreement from the proceeds Seller receives from SongVest hereunder; In the event Seller fails to satisfy tax obligations flowing from this Agreement, SongVest will not be subject to liability on behalf of Seller;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Seller shall indemnify, defend and hold harmless SongVest, its agents, attorneys, employees, officers, directors, successors and assigns (collectively, the Indemnified Parties") from and against all claims, losses, damages, penalties, judgments, lawsuits and all related costs and expenses of any nature (including legal fees and costs) (collectively, "Costs") which may be incurred by or asserted against any of the Indemnified Parties arising out of, related to, or in connection with, this Agreement or any rights assigned or granted to SongVest hereunder, the Compositions, Sound Recordings, Videos, and/or other Assets (or any of them), or any breach or alleged breach by Seller of Seller's obligations, agreements, covenants, representations and/or warranties in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Seller has all necessary right, power, legal capacity and authority, and all necessary actions on the part of Seller (including action required to be taken by Seller's officers, directors, shareholders, trustees, executors or representatives) have been duly and validly taken to authorize Seller: (i) to own the Royalties; (ii) to sell, assign and transfer the Royalties as provided herein; (iii) to effectuate the execution and delivery of this Agreement; (iv) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (v) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. No approvals or consents of any persons or entities other than Seller and Distributor are necessary in connection therewith, including, without limitation, any approval or consent by the Artists, any co-writers or owners of the Assets, and/or any third-party publishers or PRO's, as applicable. SongVest has all necessary right, power, legal capacity and authority to (i) sell, market (directly or indirectly) advertise or promote securities as that term is understood by the U.S. Securities and Exchange Commission (SEC) including any related to the Portfolio, (ii) to effectuate the execution and delivery of this Agreement; (iii) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (iv) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. This Agreement is legal, valid, and binding upon the Parties and is enforceable in accordance with its terms. Songvest and Seller will work with Distributor for approvals, if necessary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. As of the date of execution of this Agreement, Seller has no outstanding, unrecouped, and/or unearned advances in respect of or affecting the Royalties and, at no time during the Term will Seller enter into any agreement affecting the payment of Royalties hereunder, including, without limitation, any agreement whereby Seller receives any advance or other monies that are recoupable from (or otherwise reduce) Royalties payable hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. All federal, state and local taxes accrued or owing to and including the date of execution of this Agreement arising out of or in connection with the Royalties, including without limitation any sales or transfer taxes resulting from the transaction contemplated herein, if any, have been or will be paid or caused to be paid by Seller. The Royalties are free and clear of any and all liens, charges, mortgages, pledges, claims, encumbrances, obligations or liabilities of any kind or nature whatsoever whether accrued, absolute, contingent or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Throughout the entire Term, Seller shall use its best efforts to ensure that Distributor and/or Artist continuously pays Royalties, and that Distributor and/or Artist sells and exploits through all channels the Assets contained in the Portfolio, promotes, markets and advertises the Portfolio, and that the entire Portfolio shall remain in Distributor's catalog and in no event shall any portion thereof be deleted therefrom unless same is the subject of any bona-fide dispute with any of Seller's distributors, Publishers, or PRO. Further, shall not, at any time during the Royalty Period, sell, assign, transfer or otherwise dispose of any Asset contained in the Portfolio (or any portion thereof). The foregoing restriction shall not apply to any of Sellers's distributors, Publishers, or PROs, provided Seller shall provide written notice to SongVest of any sale by the foregoing promptly upon receiving notice from such third parties. The foregoing will not prohibit the Seller from selling, assigning, transferring or otherwise disposing of additional percentage interests in the Portfolio to any other party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Seller has not assigned, pledged or otherwise transferred or encumbered the rights in the Royalties or any other rights being granted hereunder and has not and will not grant any rights or incur any obligations that are inconsistent with the rights granted herein or Seller's obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. Seller will maintain the power, right and authority to perform its obligations hereunder at all times during the Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k. Each Seller Agreement is: (i) in full force and effect as of the date hereof, and shall remain in effect throughout the entire Term and (ii) a valid and binding agreement between Seller and the applicable third party (e.g., Artist) wherein Seller is irrevocably entitled to receive and retain all Royalties with respect to the Assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l. At no time during the Term shall Seller terminate, rescind, revoke or attempt to terminate, rescind or revoke such Seller Agreement or any LOD without the prior written approval of SongVest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. **Distribution**. Seller agrees that if, prior to the expiration of the Term, Seller becomes aware that Distributor or Artist no longer has rights to distribute or exploit all or any of the Assets in the Portfolio or if Artist or Distributor is assigning rights in the Assets to any party or licensing rights to a new third party distributor or other entity (wherein a new entity has the right to sell Assets and is obligated to account to Seller [or other rights holder] for all sales thereof) (or otherwise the applicable Distributor or Artist desires to make such change), Seller agrees to notify, in writing, SongVest at least sixty (60) days in advance of said change (or, as soon as Seller is made aware of such change). Such notice shall include the titles of the Portfolio which shall be the subject matter of such change, and the particular change to be made. Seller further agrees to cooperate with SongVest and take whatever actions are necessary, complete and execute any necessary paperwork, documents and instruments (including, without limitation, new LODs) and submit same to the new distributor, licensee, publisher and/or owner, as applicable, so that the entire grant and assignment agreed upon in this Agreement shall continue to be paid to SongVest, if required, uninterruptedly. If Seller fails to notify SongVest such that SongVest cannot obtain the Royalties due SongVest per this Agreement within sixty (60) days after any change, or, if for any other reason SongVest is no longer able to receive the Royalties (or a portion thereof), Seller agrees that any royalties collected by Seller which should have been paid to SongVest per this Agreement will be paid directly to SongVest by Seller within fifteen (15) days after Seller's receipt thereof (as further set forth in Section 2 above). Any delay in settlement of royalties due SongVest will be subject to payment of interest at a rate of two percent (2%) per month (beyond the 15 day grace period). In the event SongVest requires that Royalties be paid to SongVest directly from the applicable Distributor or Artist, Seller agrees to execute and deliver to Distributor or Artist, as applicable, the LOD immediately upon notice thereof by SongVest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **Successors & Assigns**. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, permitted assigns, heirs, executors and administrators. Neither party may assign any of its rights hereunder; provided, however, that SongVest may assign this Agreement or any of its rights hereunder to a third party which agrees to assume SongVest's obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. **Notices**. All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been given (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); or (c) on the third (3<sup>rd</sup>) day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications must be sent 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 6**):

If to Seller: [_] <br>If to SongVest: RoyaltyTraders, LLC dba SongVest 1053 East Whitaker Mill Road, Suite 115 Raleigh, NC 27604 Attention: President

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. **Choice of Law**. This Agreement shall be governed by and construed in accordance with the laws of the State of Tennessee, USA (without regard to its conflicts of law doctrines) as if this Agreement were entered into and wholly to be performed therein. All actions arising out of or relating to this Agreement shall be brought in the State or Federal courts in Davidson County, Tennessee, and the parties hereby submit to the jurisdiction of such courts. If any legal action or other proceeding is brought for the enforcement of this Agreement or as a result of a breach, default or misrepresentation in connection with any of the provisions of this Agreement, the successful or prevailing party shall be entitled to recover reasonable attorneys' fees and other costs insured in such action or proceeding in addition to any other relief to which such party may be entitled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. **Entire Agreement; Modifications; Headings**. This Agreement, together with the Closing Documents, constitute the entire understanding between the Parties with respect to the transactions contemplated herein and supersede all other agreements and understandings between the Parties; provided, however, that in the event of any conflict, the terms of this Agreement shall prevail. No modification of this Agreement shall be valid unless in writing and signed by both Parties. The titles and headings of the various articles and sections in this Agreement are intended solely for convenience of reference and are not intended for any other purpose whatsoever or to explain, modify, or place any construction on any of the provisions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. **Third-Party Beneficiary**. The Parties acknowledge and agree that the Investor is an intended third-party beneficiary of this Agreement and, therefore, that the Investor may enforce its terms directly.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. **Counterparts; Facsimile Signatures**. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same instrument. A signed copy of this Agreement delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement.

[Signatures to be provided on following page]

IN WITNESS WHEREOF, the Parties have executed this Agreement under seal (each Party adopting the word "SEAL" as its true and lawful seal) as of the date first set forth above.

---

| | |
|:---|:---|
| **SongVest:** | **SongVest:** |
| RoyaltyTraders LLC dba SongVest | RoyaltyTraders LLC dba SongVest |
| By: | (SEAL) |
| Name: | Sean Peace |
| Title: | Founder/CEO |
| **Seller:** | **Seller:** |
| [_] | [_] |
| By: | (SEAL) |
| Name: |  |
| Title: | Seller |

---

**SCHEDULE A**

**PORTFOLIO/REVENUE SOURCES/PERCENTAGE INTERESTS**

1. **Royalty Period –** Commencing on <u>the date of the closing of the Offering</u> and ending upon <u>the expiration of copyright</u>.

2. **Assets** – The following are the type(s) of Assets contained in the Portfolio:

---

| | | |
|:---|:---|:---|
| **TITLE** | **SONG ID** | **SELLER'S % INTEREST** |
| See attached Exhibit B | See attached Exhibit B | 30%, to be adjusted |

---

3. **Percentage Interests** – The Percentage Interest in Seller's Revenue Sources is <u>Thirty Percent (30%)</u> which may be adjusted at date of Closing.

4. **Revenue Sources** – The Revenue Sources from sales and/or exploitations of Assets are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Type:

**<u>Performance</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. Share:

**<u>Writer's Share</u>**

5. **Distributors –** The current Distributors, Labels, and/or PROs, as applicable, of Assets:

**<u>BMI - Currently being collected by Royalty Exchange</u>**

6. **Purchase Price and Royalty Interest** – The Purchase Price shall be equal to either (i) the "Minimum" set forth below; (ii) the "Maximum" set forth below; or (iii) a number in between the "Minimum" and "Maximum" set forth below:

● <u>Minimum</u>: $<u>0.00</u>, which shall entitle SongVest to <u>0</u> % Royalty Interest in the Royalties<sup>**(1)**</sup>

● <u>Maximum</u>: $<u>32,256.00</u> which shall entitle SongVest to a <u>30</u> % Royalty Interest in the Royalties<sup>**(1)**</sup>

7. **Artist** – The musical group or recording artist whose performances are embodied in the Asset(s) is: "Chris Brown", "Pit Bull" and others

***(1)***  ***For any Purchase Price that falls between the Minimum or Maximum amounts set forth above, the Royalty Interest in the Royalties to which SongVest shall be entitled will be calculated by multiplying the Purchase Price by a fraction, for which the numerator shall be the Purchase Price, and the denominator shall be the Maximum amount set forth above.*** 

Sch. A-1

**SCHEDULE B: FEES AND EXPENSES**

SongVest intends to collect a fee equal to approximately 26% of the Purchase Price as compensation for its role in facilitating the Transaction.

The Purchase Price agreed to by the Seller herein is not reduced by the aforementioned fees. SongVest may elect to forego these fees at its sole discretion.

Sch. B-1

**EXHIBIT A**

Royalty Exchange

Re: <u>Notice of Assignment of Income</u>

Gentlepersons:

FOR AND IN CONSIDERATION of a mutually agreed upon sum, the receipt of which is hereby acknowledged by the undersigned, effective as of January 5, 2026 ("Closing Date"), [_] ("Seller"), hereby releases [thirty percent (30%)] of earnings received from BMI for the titles listed in Exhibit B to Royalty Traders LLC dba Songvest ("Purchaser") and assigns all royalties to Purchaser.

As evidenced by the Assignment, Purchaser acquired from Seller, throughout the world, the exclusive right to receive and collect [thirty percent (30%)] of Seller's share of royalties from the Compositions accrued and unpaid and hereafter accruing (the "Assigned Royalties"). Accordingly, from and after the date of the closing of the Offering, you are to remit all of the Assigned Royalties, regardless of when earned, to Purchaser, and send them along with any corresponding statements, notices and correspondence to:

RoyaltyTraders, LLC dba SongVest

1053 East Whitaker Rd Suite 115

Raleigh, NC 27604

Or electronically to ﬁnance@songvest.com

Please conﬁrm your receipt of this notice.

---

| |
|:---|
| Very Truly Yours, |
| [_] |

---

**EXHIBIT B**

---

| | |
|:---|:---|
| **Title** | **Song ID** |
| 1X1 | 24348968 |
| BONGO | 28404046 |
| CIRCLES | 17312164 |
| GHOST | 17312167 |
| HEY MA (ENGLISH SINGLE VERSION) | 23993183 |
| HEY MA (SPANISH VERSION) | 23993184 |
| JACKIE CHAN | 28140724 |
| JE NE VEUX PLUS | 26005693 |
| MY LOVE | 25288013 |
| POR FAVOR | 25858556 |
| POR FAVOR (SPANGLISH VERSION) | 25858557 |
| QUESTIONS | 25359089 |
| THINKING ABOUT YOU | 26217046 |
| WILDERNESS | 25634342 |

---

**<u>ASSIGNMENT OF INCOME RIGHTS</u>**

FOR AND IN CONSIDERATION of the sum of Ten Dollars ($10.00) and other good and valuable consideration, the receipt of which is hereby acknowledged by the undersigned, effective as of January 5, 2026 ("Closing Date"), [_], individually, and on behalf of and any affiliate of himself (collectively, "Seller"), hereby irrevocably sells, assigns and transfers to RoyaltyTraders LLC dba SongVest("Purchaser"), a percentage equal to [%] of Seller's right, title, and interest (whether existing, contingent, expectant, or otherwise) in and to the "Seller's Income" (as defined below) and all interests in connection therewith and any and all rights that may be derived therefrom or relate thereto (the "Assignment"), including, but not limited to, the exclusive right to receive, and retain all Monies (as defined below) in connection therewith which have not been actually received by Seller prior to the Closing Date. For the avoidance of doubt, this Assignment includes all of Seller's interest in the Seller's Income regardless of whether such Monies are collectible by Purchaser directly from the original payment source or from a third-party publisher, administrator or other party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. "Compositions" shall mean and include individually and collectively those music compositions (the titles of which are) set forth on Schedule A attached hereto and by this reference incorporated herein, and any and all versions and derivative works of such compositions. For the avoidance of doubt, such derivative works include, but are not limited to, foreign language translations, samples, interpolations, and remixes of the music compositions set forth on Schedule A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. "Seller's Income" shall mean [%] of all Monies deriving from the Compositions and attributable to Seller's fractional authorship interest in the Compositions in connection with the digital public performance of the Compositions for which rights are granted by the copyright owner (or administrator or agent). including, but not limited to, Monies derived from the sale. This includes all payments made by any performing rights organization, collective management organization, or distribution of such Sound Recordings and any other entity responsible for paying royalties on public performances of the Compositions through all channels and by all methods including, without limitation, physical phonorecords, permanent digital downloads, limited downloads, ringtones, ringbacks, videograms, video downloads, interactive streaming, sound recordings, transcriptions, soundtracks, pressings, computer software or hardware devices, CD-ROMS and DVDs, synchronization licenses and uses, and public performance royalties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. "Monies" shall mean and include income, royalties, fees, proceeds, sums, monies, judgments, settlements, earnings and other considerations of any nature, kind or description derived from the public performance of the Compositions throughout the World and Universe.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. The term of the Assignment shall be for the full term of copyright in the respective Compositions throughout the World and including any extensions and renewals thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. This assignment of income rights may be executed in any number of counterparts (including electronic signatures or signatures delivered by fax or scan), each of which shall be deemed an original, but all of which when taken together shall constitute one and the same instrument.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. This assignment of income rights has been executed pursuant to a written Purchase Agreement between Seller and Purchaser dated January 5, 2026 and is subject to all terms and provisions thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. If any provision of this instrument of transfer shall be held void, invalid or inoperative, no other provisions of this instrument of transfer shall be affected as a result thereof and, accordingly, the remaining provisions of this instrument of transfer shall remain in full force and effect.

Executed this ____ day of January, 2026.

---

| | |
|:---|:---|
| **PURCHASER:** | **SELLER:** |
| RoyaltyTraders, LLC. | [_] |

---

**SCHEDULE A to Assignment of Income Rights**

---

| | |
|:---|:---|
| **Title** | **Song ID** |
| 1X1 | 24348968 |
| BONGO | 28404046 |
| CIRCLES | 17312164 |
| GHOST | 17312167 |
| HEY MA (ENGLISH SINGLE VERSION) | 23993183 |
| HEY MA (SPANISH VERSION) | 23993184 |
| JACKIE CHAN | 28140724 |
| JE NE VEUX PLUS | 26005693 |
| MY LOVE | 25288013 |
| POR FAVOR | 25858556 |
| POR FAVOR (SPANGLISH VERSION) | 25858557 |
| QUESTIONS | 25359089 |
| THINKING ABOUT YOU | 26217046 |
| WILDERNESS | 25634342 |

---

## Ex1A-6

**Exhibit 6.35**

**ROYALTY OPTION AGREEMENT**

This Royalty Option Agreement ("**Agreement**") is entered into as of January 26, 2026, by and between RoyaltyTraders LLC dba SongVest, a Delaware limited liability company ("**SongVest**") at 1053 East Whitaker Rd Suite 115, Raleigh, NC 27604, and _____________ ("**Seller**") and, collectively with SongVest, the "**Parties.**"

WHEREAS, Seller is granting to SongVest an exclusive option to enter into the Transaction (as defined below);

WHEREAS, subject to satisfaction of the Option Threshold (as defined below), Seller will sell to SongVest the right to receive Royalties deriving from the Portfolio during the Royalty Periods (as listed on Schedule A), and SongVest will issue proceed rights units (each, a "**Unit**," and collectively, the "Proceed Rights") to third-party investors via the SongVest platform;

WHEREAS, the Parties desire to memorialize their agreement regarding the Royalties to be directed and paid to SongVest in exchange for payment of the Purchase Price to Seller;

NOW, THEREFORE, in consideration of the mutual covenants herein, the Parties agree as follows:

**Certain Defined Terms**. For purposes of this Agreement, the following terms shall have the meanings set forth below:

"**Assets**" means the assets contained in the Portfolio (e.g., Sound Recordings, Compositions) as listed on Schedule A attached hereto and made a part hereof.

"**Artist(s)**" means those recording artists whose musical performances are embodied in the Assets contained in the Portfolio, if any, and as set forth on Schedule A.

"**Compositions**" means those musical compositions the titles of which are set forth on Schedule A, if any.

"**Distributor(s)**" means any third-party distributor, including a record label or online digital distribution company, that sells, markets, and/or distributes sound recordings embodying the Assets.

"**Fees and Expenses**" means the fees and expenses, including Anticipated Fees, incurred by SongVest for its time and effort to place the Proceed Rights into the Offering and market the Units and Proceed Rights to the general public. Fees and Expenses include, without limitation, legal and other regulator costs related to completing the Offering memorandum and closing. Anticipated Fees are outlined in Schedule B, though actual Fees and Expenses may differ.

"**Net Revenue**" means the Royalties generated from the Portfolio Assets less any service fee charged by the Distributor (or other third party) and current taxes payable during the current period as withheld by the Distributor (or other third party) for the sole purpose of remittal to an entity with taxing authority in the normal course of business.

"**Offering**" means the offering held by SongVest via the Site wherein investors are issued the Units and Proceed Rights.

"**Option Threshold**" means $1.00.

"**Percentage Interest**" means the percentage of Seller's revenue that is available for SongVest to receive from the Seller with respect to the Revenue Sources, up to a maximum of seventy-five percent (75%), subject to clause 6 of Schedule A.

"**Portfolio**" means the portfolio of Assets as set forth on Schedule A.

"**PRO**" means Seller's public performance rights organization, if any.

"**Purchase Price**" means the purchase price for the Royalties by SongVest as set forth on Schedule A.

"**Sound Recordings**" means those sound recordings embodying the performances of Artist(s) and set forth on Schedule A, if any.

"**Revenue Sources**" means those sources of revenue earned and received by Seller and from which the Royalties are derived from the Assets, which may include, as set forth herein, streaming of the Sound Recordings, record sales, neighboring rights, licensing, or digital sales.

"**Royalty Period**" means, with respect to the Royalties, the period commencing with the initial payment of the Royalties to SongVest and ending on such date as set forth in Schedule A.

"**Royalties**" means the royalties payable to SongVest in connection with the Portfolio that derive from the Revenue Sources based on the Percentage Interest.

"**Royalty Interest**" means the percentage of the Royalties that SongVest is entitled to as set forth in Schedule A based on the Percentage Interest.

"**Seller Agreements**" means those agreements between Seller and third parties, including Artists and/or Distributors, wherein Seller is entitled to receive the Percentage Interest of all Assets.<br>

"**Streaming**" means the Net Revenue payable to Seller derived from the Portfolio (including all Assets) from Distributor, Artist, Publisher, and/or PRO, as applicable, from all digital streaming platforms (e.g., Spotify) and reported by any source (digital service providers, SoundExchange, Distributor or other companies collecting streaming income on the Portfolio).

"**Term**" means the term of this Agreement, which Term shall commence on the date of signature of this Agreement and continue until the earlier of (a) the date that is twelve (12) months following the Effective Date, if the Option Threshold has not been satisfied by such date; or (b) the date on which all Royalties payable with respect to all Royalty Interests sold and closed hereunder have been paid in full to SongVest. For the avoidance of doubt, upon satisfaction of the Option Threshold, SongVest's option to enter into the Transaction shall be deemed exercised, and the Term shall continue through the expiration of all applicable Royalty Periods with respect to Royalty Interests sold and closed, regardless of whether the Offering is completed or additional Royalty Interests are sold.

"**Videos**" means those audiovisual recordings of Sound Recordings and set forth on Schedule A, if any.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. **Transaction/Offering.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller hereby grants to SongVest the exclusive right during the Term to conduct the Offering. SongVest may conduct the Offering in one or more closings, including on a rolling or quarterly basis, in SongVest's sole discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The Parties acknowledge and agree that the **Option Threshold shall be deemed satisfied upon the funding of at least One Dollar ($1.00)**. Upon satisfaction of the Option Threshold, SongVest's option shall be deemed exercised with respect to the Royalty Interests sold and closed from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The Offering may be closed in one or more closings (each, a "**Closing** "). At each Closing, Seller shall irrevocably assign, grant, and convey to SongVest the applicable pro rata Royalty Interest corresponding solely to the portion of the Purchase Price funded at such Closing, as further set forth on Schedule A. No Royalty Interest shall vest or accrue except with respect to amounts actually sold and closed. Royalties attributable to Royalty Interests sold at a given Closing shall accrue only from and after such Closing and shall not relate back to any prior period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Promptly following each Closing, and in any event within five (5) business days of such Closing, SongVest shall remit to Seller the Purchase Price (without any deduction or set-off) funded at such Closing, in accordance with the payment instructions provided to SongVest by Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **Royalties**. Seller agrees that, during the applicable Royalty Periods, all Royalties derived from the Portfolio Assets and applicable Revenue Sources shall be paid or directed to SongVest in accordance with this Agreement and Schedule A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. **Administration Election:** Seller shall administer Royalties in one of the following manners, as elected by Seller in writing (Seller hereby elects option (ii)(Seller Administration)):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. **Letters of Direction ("LODs").** Seller shall execute and maintain irrevocable letters of direction directing applicable distributors, publishers, administrators, PROs, and other revenue sources to remit directly to SongVest the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed; **or** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. **Seller Administration.** Seller shall continue to administer and collect all Royalties and shall remit to SongVest, on a quarterly basis (or such other period as set forth on Schedule A), the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed.

Unless and until the Parties mutually agree otherwise in writing, Seller may continue Seller Administration indefinitely, including following the completion of the Offering.

Notwithstanding anything herein to the contrary, Seller shall only be required to execute or maintain Letters of Direction to the extent Seller elects LOD-based administration pursuant to this Section or as otherwise required under the "Change in Ownership; Sale of Fund" section below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. **Third-Party Noncompliance:** Seller shall use commercially reasonable efforts to cause applicable third parties to comply with the elected administration method. In the event of any failure by a third party to remit Royalties as required, Seller shall remain responsible for remitting to SongVest the applicable Royalties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. **Audit and Reporting:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. If Seller elects Letters of Direction ("LODs") pursuant to the Administration Election above (or if LODs are required under the "Change in Ownership; Sale of Fund" section below), Seller shall execute and maintain irrevocable letters of direction ("LOD"), a copy of which is attached hereto as Exhibit A, directing Distributor, Artist, Publisher, PRO and/or other third party, as applicable, to account and pay to SongVest the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed for the entire Royalty Period at the same time and on the same terms as such party is required to account to Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. If Seller elects Seller Administration pursuant to the Administration Election above (or if Seller elects Letters of Direction ("LODs") pursuant to the Administration Election above (or if LODs are required under the "Change in Ownership; Sale of Fund" section below), and if Distributor, Artist, Publisher, PRO and/or other third party, as applicable, fails to account or pay Royalties to SongVest directly as required hereunder and instead pays such Royalties to Seller), Seller shall account to SongVest via a statement and pay all Royalties earned and received by Seller during such period no later than thirty (30) days after receipt by Seller of such Royalties. All payments shall be made to SongVest via wire transfer of immediately available funds pursuant to SongVest's written instructions for same. In the event Seller conducts an audit of any of Distributor's or Artist's (or other distributor's, publishers, PRO's or licenses) books and records regarding the sale of any Asset in the Portfolio at any time during the Term, Seller shall notify SongVest thereof and allow, to the extent Seller has the right to allow, SongVest to participate in such audit as it relates to sales of Portfolio. In the event Seller receives any proceeds or awards from any such audit or other claim relating to the Portfolio, Seller will immediately notify SongVest thereof and pay to SongVest its proportionate share of the proceeds (subject to a deduction therefrom of Seller's actual, verifiable costs in conducting such audit or claim). Upon SongVest's request therefor and subject to SongVest covering the costs thereof, Seller agrees, to the extent Seller has the right to do so, to conduct an audit of Distributor's or Artist's books and records related solely to accountings in connection with Royalties hereunder. In the event such audit reveals an underpayment of any monies due and payable in connection with Assets that were the subject of such audit, Seller shall ensure that such additional monies are collected and paid directly to SongVest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. At any time within two (2) years after any statement is rendered to SongVest hereunder, SongVest shall have the right to, upon thirty (30) days written notice, examine Seller's books and records with respect to such statement. Such examination shall be at SongVest's sole cost and expense, by a certified public accountant or other qualified representative designated by SongVest. Such examination shall be made during Seller's usual business hours at the place where Seller maintains the books and records which relate to the Portfolio and which are necessary to verify the accuracy of the statement. Seller shall have no obligation to produce such books and records more than once with respect to each statement rendered to SongVest. Unless notice shall have been given to Seller as provided hereinabove, each royalty statement rendered to SongVest shall be final, conclusive and binding on SongVest and shall constitute an account stated. SongVest shall be foreclosed from maintaining any action, claim or proceeding against Seller in any forum or tribunal with respect to any statement or accounting rendered hereunder unless such action, claim or proceeding is commenced against Seller in a court of competent jurisdiction within eighteen (18) months after the date such statement or accounting is rendered. All audit, accounting, reporting, payment timing, and interest provisions shall apply on a pro rata basis solely with respect to Royalty Interests sold and closed from time to time pursuant to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. At any time within two (2) years after any payment is rendered to Seller by SongVest hereunder, Seller shall have the right to, upon thirty (30) days written notice, examine SongVest's books and records with respect to such payment. Such examination shall be at SongVest's sole cost and expense, by a certified public accountant or other qualified representative designated by SongVest. Such examination shall be made during SongVest's usual business hours at the place where SongVest maintains the books and records which relate to the Offering and which are necessary to verify the accuracy of the payment to Seller. SongVest shall have no obligation to produce such books and records more than once with respect to each payment made to Seller. Unless notice shall have been given to SongVest as provided hereinabove, each payment rendered to Seller shall be final, conclusive and binding on Seller and shall constitute an account stated. Seller shall be foreclosed from maintaining any action, claim or proceeding against SongVest in any forum or tribunal with respect to any payment rendered to Seller hereunder unless such action, claim or proceeding is commenced against SongVest in a court of competent jurisdiction within twenty-four (24) months after the date such payment is received by Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **Seller's Representations, Warranties and Covenants**. The Seller hereby represents, warrants and covenants to SongVest that as of the date hereof:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller: (i) owns and/or has the irrevocable, exclusive right to receive the Royalties free and clear of any mortgage, pledge, lien, charge, security interest, encumbrance, restriction or adverse claim of any nature whatsoever (collectively, "Liens"), other than any tax obligation that Seller must satisfy in connection with the purchase and sale of the Royalties hereunder, (ii) is not aware of any Liens being asserted against the Royalties, (iii) has not consented to the imposition of any Liens on the Royalties and (iv) has not sold, assigned, transferred or otherwise encumbered any of Seller's rights in the Royalties to any person or entity other than SongVest;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Seller is competent to enter into (and understands the terms of) this Agreement and has been represented by tax and accounting advisors and legal counsel in the negotiation and execution of this Agreement, or knowingly waived Seller's right to do so;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Seller intends to (and shall) fully and timely satisfy all tax obligations of Seller flowing from this Agreement from the proceeds Seller receives from SongVest hereunder; In the event Seller fails to satisfy tax obligations flowing from this Agreement, SongVest will not be subject to liability on behalf of Seller;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Seller shall indemnify, defend and hold harmless SongVest, its agents, attorneys, employees, officers, directors, successors and assigns (collectively, the Indemnified Parties") from and against all claims, losses, damages, penalties, judgments, lawsuits and all related costs and expenses of any nature (including legal fees and costs) (collectively, "Costs") which may be incurred by or asserted against any of the Indemnified Parties arising out of, related to, or in connection with any breach or alleged breach by Seller of Seller's obligations, agreements, covenants, representations and/or warranties in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Seller has all necessary right, power, legal capacity and authority, and all necessary actions on the part of Seller (including action required to be taken by Seller's officers, directors, shareholders, trustees, executors or representatives) have been duly and validly taken to authorize Seller: (i) to own the Royalties; (ii) to sell, assign and transfer the Royalties as provided herein; (iii) to effectuate the execution and delivery of this Agreement; (iv) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (v) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. No approvals or consents of any persons or entities other than Seller are necessary in connection therewith, including, without limitation, any approval or consent by the Artists, Distributor, any co-writers or owners of the Assets, and/or any third-party publishers or PRO's, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. As of the date of execution of this Agreement, Seller has no outstanding, unrecouped, and/or unearned advances in respect of or affecting the Royalties and, at no time during the Term will Seller enter into any agreement affecting the payment of Royalties hereunder, including, without limitation, any agreement whereby Seller receives any advance or other monies that are recoupable from (or otherwise reduce) Royalties payable hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. All federal, state and local taxes accrued or owing by Seller to and including the date of execution of this Agreement arising out of or in connection with the Royalties, including without limitation any sales or transfer taxes resulting from the transaction contemplated herein, if any, have been or will be paid or caused to be paid by Seller. The Royalties are free and clear of any and all liens, charges, mortgages, pledges, claims, encumbrances, obligations or liabilities of any kind or nature whatsoever whether accrued, absolute, contingent or otherwise, which would negatively affect the transfer to SongVest of the right to receive the Royalties hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Throughout the Term, Seller shall not take any voluntary action intended to materially impair, delay, or reduce the Royalties payable to SongVest pursuant to this Agreement. The foregoing restriction shall not apply to any of Sellers's distributors, Publishers, or PROs, provided Seller shall provide written notice to SongVest of any sale by the foregoing promptly upon receiving notice from such third parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Seller will not grant any rights or incur any obligations that are inconsistent with the rights granted herein or Seller's obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. Seller will maintain the power, right and authority to perform its obligations hereunder at all times during the Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k. Each Seller Agreement is: (i) in full force and effect as of the date hereof, and shall remain in effect throughout the entire Term and (ii) a valid and binding agreement between Seller and the applicable third party (e.g., Artist) wherein Seller is irrevocably entitled to receive and retain all Royalties with respect to the Assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l. At no time during the Term shall Seller terminate, rescind, revoke or attempt to terminate, rescind or revoke such Seller Agreement or any LOD without the prior written approval of SongVest.

SongVest hereby represents, warrants and covenants to the Seller that as of the date hereof SongVest has all necessary right, power, legal capacity and authority to (i) sell, market (directly or indirectly) advertise or promote securities as that term is understood by the U.S. Securities and Exchange Commission (SEC) including any related to the Portfolio, (ii) to effectuate the execution and delivery of this Agreement; (iii) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (iv) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. This Agreement is legal, valid, and binding upon SongVest and is enforceable in accordance with its terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. **Distribution**. Seller shall notify SongVest of any change in distributor, administrator, publisher, or other revenue source and shall cooperate fully to ensure uninterrupted payment of Royalties to SongVest, including execution of replacement LODs if required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **Change in Ownership; Sale of Portfolio**. In the event Seller sells, transfers, assigns, or otherwise disposes of the Portfolio, any of the Assets, or any interest therein, or if there is any change of ownership or control of Seller (each, a "Change of Control Transaction"), Seller shall, and shall cause any acquiring or successor owner to, promptly take all actions necessary to ensure SongVest continues to receive its applicable share of Royalties without interruption or diminution.

Without limiting the foregoing, Seller shall ensure that all required assignments, notices, letters of direction, payee change forms, and other documentation are executed and delivered directly to all applicable distributors, publishers, administrators, collection societies, digital service providers, and other revenue sources to provide for SongVest to be paid directly, or through a mutually agreed payment mechanism, its applicable pro rata share of Royalties. Any acquiring or successor owner shall automatically assume responsibility for the ongoing administration of the Assets and shall remit to SongVest all Royalties due pursuant to this Agreement **without any deduction, offset, recoupment, or administration fee of any kind**. Seller acknowledges that injunctive relief and specific performance may be appropriate remedies for any breach of this Section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. **Successors & Assigns**. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, permitted assigns, heirs, executors and administrators. Either party may assign this Agreement or any of its rights or obligations hereunder to a third party which agrees to assume the assigning party's obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. **Notices**. All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been given (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); or (c) on the third (3<sup>rd</sup>) day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications must be sent 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 6**):

---

| | |
|:---|:---|
| If to Seller: | [_] |
| If to SongVest: | RoyaltyTraders, LLC dba SongVest |
|  | 1053 East Whitaker Mill Road, Suite 115 |
|  | Raleigh, NC 27604 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. **Choice of Law**. This Agreement shall be governed by and construed in accordance with the laws of the State of Tennessee, USA (without regard to its conflicts of law doctrines) as if this Agreement were entered into and wholly to be performed therein. All actions arising out of or relating to this Agreement shall be brought in the State or Federal courts in Davidson County, Tennessee, and the parties hereby submit to the jurisdiction of such courts. If any legal action or other proceeding is brought for the enforcement of this Agreement or as a result of a breach, default or misrepresentation in connection with any of the provisions of this Agreement, the successful or prevailing party shall be entitled to recover reasonable attorneys' fees and other costs insured in such action or proceeding in addition to any other relief to which such party may be entitled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. **Entire Agreement; Modifications; Headings**. This Agreement, together with the Closing Documents, constitute the entire understanding between the Parties with respect to the transactions contemplated herein and supersede all other agreements and understandings between the Parties; provided, however, that in the event of any conflict, the terms of this Agreement shall prevail. No modification of this Agreement shall be valid unless in writing and signed by both Parties. The titles and headings of the various articles and sections in this Agreement are intended solely for convenience of reference and are not intended for any other purpose whatsoever or to explain, modify, or place any construction on any of the provisions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. **No Third-Party Beneficiary**. The Parties acknowledge and agree that each Investor is an intended third-party beneficiary solely with respect to the economic right to receive Royalties under this Agreement. Notwithstanding the foregoing, each Investor has irrevocably and exclusively delegated all rights to enforce this Agreement to SongVest Pursuant to the terms under which each Investor subscribes through the SongVest platform. The existence of third-party beneficiary status shall not expand the duties, liabilities, or remedies of Seller or Songvest beyond those expressly set forth herein, and all limitation of liabilities, waivers, and restrictions contained in this Agreement shall apply equally to any claim asserted for the benefit of Investors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. **Limitation of Liability**. To the maximum extent permitted by applicable law, neither SongVest nor the Seller shall by liable to the other for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, loss of revenue, loss of data, or loss of business opportunity, arising out of or relating to this Agreement, whether based on contract, tort (including negligence), strict liability, or any other legal theory, even if such party has been advised of the possibility of such damages. In no event shall SongVest's or the Seller's aggregate liability arising out of or related to this Agreement exceed the greater of (i) the Purchase Price, or (ii) the Royalties paid or payable under this Agreement in the twelve (12) month period immediately preceding the event giving rise to the claim. This limitation of liability shall not apply to SongVest's or the Seller's gross negligence or willful misconduct. For the avoidance of doubt, all limitations of liability and waivers set forth in this Agreement apply to any claims asserted for the benefit of Investors, whether directly or indirectly.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. **Counterparts; Facsimile Signatures**. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same instrument. A signed copy of this Agreement delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement.

[Signatures to be provided on following page]

IN WITNESS WHEREOF, the Parties have executed this Agreement under seal (each Party adopting the word "SEAL" as its true and lawful seal) as of the date first set forth above.

---

| | |
|:---|:---|
| **SongVest:** | **SongVest:** |
| RoyaltyTraders LLC dba SongVest | RoyaltyTraders LLC dba SongVest |
| By: | (SEAL) |
| Name: | Sean Peace |
| Title: | Founder/CEO |

---

---

| | |
|:---|:---|
| **Seller:** | **Seller:** |
| [_] | [_] |
| By: | (SEAL) |
| Name: | [_] |
| Title: | President |

---

**SCHEDULE A**

**PORTFOLIO/REVENUE SOURCES/PERCENTAGE INTERESTS**

1. **Royalty Period –** With respect to each Asset, commencing on <u>the date of the closing of the Offering</u> and ending upon <u>the expiration of copyright</u> in such Asset.

2. **Assets** – The following are the type(s) of Assets contained in the Portfolio:

---

| | | |
|:---|:---|:---|
| **TITLE** | **Song ID** | **SELLER'S % INTEREST** |
| "Crazy"<br> "Weston Road Flows"<br> "Overdrive"<br> "Manos al Aire" | See attached Exhibit B | 75% |

---

3. **Percentage Interests** – The Percentage Interest in Seller's Revenue Sources is a maximum of <u>Seventy-Five Percent (75%)</u>, subject to clause 6, below.

4. **Revenue Sources** – The Revenue Sources from sales and/or exploitations of Assets are as follows:

---

| | |
|:---|:---|
| A. | Type: |
|  | **<u>Performance Royalties</u>** |
| B. | Share: |
|  | **<u>Writer's Share</u>** |

---

5. **Distributors –** The current Distributors, Labels, and/or PROs, as applicable, of Assets:

**<u>SOCAN - Currently Being Collected by [_]</u>**

6. **Purchase Price and Royalty Interest** – The Purchase Price shall be equal to either (i) the "Minimum: set forth below; (ii) the "Maximum" set forth below; or (iii) a number in between the "Minimum" and "Maximum" set forth below:

● <u>Minimum</u>: $<u>1.00</u>, which shall entitle SongVest to <u>1</u> % Royalty Interest in the Royalties **<sup>(1)</sup>** 

● <u>Maximum</u>: $<u>69,498.00</u>, which shall entitle SongVest to a <u>75</u> % Royalty Interest in the Royalties **<sup>(1)</sup>** 

7. **Artist** – The musical group or recording artist whose performances are embodied in the Asset(s) are:

"Crazy"- "Bebe Rexha"

"Weston Road Flows"- "Drake"

"Overdrive"- "Drake

"Manos al Aire"- "Nelly Furtado"

***(1)***  ***For any Purchase Price that falls between the Minimum or Maximum amounts set forth above, the Royalty Interest in the Royalties to which SongVest shall be entitled will be calculated by multiplying the Purchase Price by a fraction, for which the numerator shall be the Purchase Price, and the denominator shall be the Maximum amount set forth above.*** 

Sch. A-1

**SCHEDULE B: FEES AND EXPENSES**

SongVest intends to collect a fee equal to approximately 26% of the Purchase Price as compensation for its role in facilitating the Transaction.

The Purchase Price agreed to by the Seller herein is not reduced by the aforementioned fees. SongVest may elect to forego these fees at its sole discretion.

Sch. B-1

**EXHIBIT A**

[_] <br>Re: <u>Notice of Assignment of Income</u>

Gentlepersons:

Reference is made to the Royalty Option Agreement, effective as of the Effective Date (the 'Agreement') by and between [_], individually and on behalf of its affiliates (Collectively, the "Seller"), and RoyaltyTraders LLC, d/b/a Songvest (the "Purchaser"). Capitalized terms used herein which are not defined herein shall have the meanings ascribed thereto in the Agreement.

As evidenced by the Agreement, Purchaser has acquired from Seller, throughout the world, the exclusive right to receive and collect the applicable Royalty Interest (as defined in the Agreement and Schedule A) of Seller's share of royalties from the Performance Royalties (and other Assets) accrued and unpaid and hereafter accruing (the "Assigned Royalties"). Accordingly, from and after the applicable Closing Date(s), you are to remit to Purchaser all of the Assigned Royalties, regardless of when earned, to Purchaser, and send them along with any corresponding statements, notices and correspondence to:

RoyaltyTraders, LLC dba SongVest

Attn: Royalty Payments Dept.

1053 East Whitaker Road, Suite 115

Raleigh, NC 27604

Or electronically to <u>finance@songvest.com</u>

Please confirm your receipt of this notice.

Very Truly Yours,

[_]

**EXHIBIT B**

Complete Song ID List

---

| | |
|:---|:---|
| **Song ID** | **Title** |
| 78213532 | Crazy |
| 86118154 | Weston Road Flows |
| 212177392 | Weston Road Flows |
| 45026813 | Manos Al Aire |
| 227352346 | Overdrive |
| 233046268 | Overdrive |

---

## Ex1A-6

**Exhibit 6.36**

**ROYALTY OPTION AGREEMENT**

This Royalty Option Agreement ("**Agreement**") is entered into as of January 26, 2026, by and between RoyaltyTraders LLC dba SongVest, a Delaware limited liability company ("**SongVest**") at 1053 East Whitaker Rd Suite 115, Raleigh, NC 27604, and _____________ ("**Seller**") and, collectively with SongVest, the "**Parties.**"

WHEREAS, Seller is granting to SongVest an exclusive option to enter into the Transaction (as defined below);

WHEREAS, subject to satisfaction of the Option Threshold (as defined below), Seller will sell to SongVest the right to receive Royalties deriving from the Portfolio during the Royalty Periods (as listed on Schedule A), and SongVest will issue proceed rights units (each, a "**Unit**," and collectively, the "Proceed Rights") to third-party investors via the SongVest platform;

WHEREAS, the Parties desire to memorialize their agreement regarding the Royalties to be directed and paid to SongVest in exchange for payment of the Purchase Price to Seller;

NOW, THEREFORE, in consideration of the mutual covenants herein, the Parties agree as follows:

**Certain Defined Terms**. For purposes of this Agreement, the following terms shall have the meanings set forth below:

"**Assets**" means the assets contained in the Portfolio (e.g., Sound Recordings, Compositions) as listed on Schedule A attached hereto and made a part hereof.

"**Artist(s)**" means those recording artists whose musical performances are embodied in the Assets contained in the Portfolio, if any, and as set forth on Schedule A.

"**Compositions**" means those musical compositions the titles of which are set forth on Schedule A, if any.

"**Distributor(s)**" means any third-party distributor, including a record label or online digital distribution company, that sells, markets, and/or distributes sound recordings embodying the Assets.

"**Fees and Expenses**" means the fees and expenses, including Anticipated Fees, incurred by SongVest for its time and effort to place the Proceed Rights into the Offering and market the Units and Proceed Rights to the general public. Fees and Expenses include, without limitation, legal and other regulator costs related to completing the Offering memorandum and closing. Anticipated Fees are outlined in Schedule B, though actual Fees and Expenses may differ.

"**Net Revenue**" means the Royalties generated from the Portfolio Assets less any service fee charged by the Distributor (or other third party) and current taxes payable during the current period as withheld by the Distributor (or other third party) for the sole purpose of remittal to an entity with taxing authority in the normal course of business.

"**Offering**" means the offering held by SongVest via the Site wherein investors are issued the Units and Proceed Rights.

"**Option Threshold**" means $1.00.

"**Percentage Interest**" means the percentage of Seller's revenue that is available for SongVest to receive from the Seller with respect to the Revenue Sources, up to a maximum of seventy-five percent (75%), subject to clause 6 of Schedule A.

"**Portfolio**" means the portfolio of Assets as set forth on Schedule A.

"**PRO**" means Seller's public performance rights organization, if any.

"**Purchase Price**" means the purchase price for the Royalties by SongVest as set forth on Schedule A.

"**Sound Recordings**" means those sound recordings embodying the performances of Artist(s) and set forth on Schedule A, if any.

"**Revenue Sources**" means those sources of revenue earned and received by Seller and from which the Royalties are derived from the Assets, which may include, as set forth herein, streaming of the Sound Recordings, record sales, neighboring rights, licensing, or digital sales.

"**Royalty Period**" means, with respect to the Royalties, the period commencing with the initial payment of the Royalties to SongVest and ending on such date as set forth in Schedule A.

"**Royalties**" means the royalties payable to SongVest in connection with the Portfolio that derive from the Revenue Sources based on the Percentage Interest.

"**Royalty Interest**" means the percentage of the Royalties that SongVest is entitled to as set forth in Schedule A based on the Percentage Interest.

"**Seller Agreements**" means those agreements between Seller and third parties, including Artists and/or Distributors, wherein Seller is entitled to receive the Percentage Interest of all Assets.<br>

"**Streaming**" means the Net Revenue payable to Seller derived from the Portfolio (including all Assets) from Distributor, Artist, Publisher, and/or PRO, as applicable, from all digital streaming platforms (e.g., Spotify) and reported by any source (digital service providers, SoundExchange, Distributor or other companies collecting streaming income on the Portfolio).

"**Term**" means the term of this Agreement, which Term shall commence on the date of signature of this Agreement and continue until the earlier of (a) the date that is twelve (12) months following the Effective Date, if the Option Threshold has not been satisfied by such date; or (b) the date on which all Royalties payable with respect to all Royalty Interests sold and closed hereunder have been paid in full to SongVest. For the avoidance of doubt, upon satisfaction of the Option Threshold, SongVest's option to enter into the Transaction shall be deemed exercised, and the Term shall continue through the expiration of all applicable Royalty Periods with respect to Royalty Interests sold and closed, regardless of whether the Offering is completed or additional Royalty Interests are sold.

"**Videos**" means those audiovisual recordings of Sound Recordings and set forth on Schedule A, if any.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. **Transaction/Offering.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller hereby grants to SongVest the exclusive right during the Term to conduct the Offering. SongVest may conduct the Offering in one or more closings, including on a rolling or quarterly basis, in SongVest's sole discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The Parties acknowledge and agree that the **Option Threshold shall be deemed satisfied upon the funding of at least One Dollar ($1.00)**. Upon satisfaction of the Option Threshold, SongVest's option shall be deemed exercised with respect to the Royalty Interests sold and closed from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The Offering may be closed in one or more closings (each, a "**Closing** "). At each Closing, Seller shall irrevocably assign, grant, and convey to SongVest the applicable pro rata Royalty Interest corresponding solely to the portion of the Purchase Price funded at such Closing, as further set forth on Schedule A. No Royalty Interest shall vest or accrue except with respect to amounts actually sold and closed. Royalties attributable to Royalty Interests sold at a given Closing shall accrue only from and after such Closing and shall not relate back to any prior period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Promptly following each Closing, and in any event within five (5) business days of such Closing, SongVest shall remit to Seller the Purchase Price (without any deduction or set-off) funded at such Closing, in accordance with the payment instructions provided to SongVest by Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **Royalties**. Seller agrees that, during the applicable Royalty Periods, all Royalties derived from the Portfolio Assets and applicable Revenue Sources shall be paid or directed to SongVest in accordance with this Agreement and Schedule A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. **Administration Election:** Seller shall administer Royalties in one of the following manners, as elected by Seller in writing (Seller hereby elects option (ii)(Seller Administration)):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. **Letters of Direction ("LODs").** Seller shall execute and maintain irrevocable letters of direction directing applicable distributors, publishers, administrators, PROs, and other revenue sources to remit directly to SongVest the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed; **or** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. **Seller Administration.** Seller shall continue to administer and collect all Royalties and shall remit to SongVest, on a quarterly basis (or such other period as set forth on Schedule A), the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed.

Unless and until the Parties mutually agree otherwise in writing, Seller may continue Seller Administration indefinitely, including following the completion of the Offering.

Notwithstanding anything herein to the contrary, Seller shall only be required to execute or maintain Letters of Direction to the extent Seller elects LOD-based administration pursuant to this Section or as otherwise required under the "Change in Ownership; Sale of Fund" section below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. **Third-Party Noncompliance:** Seller shall use commercially reasonable efforts to cause applicable third parties to comply with the elected administration method. In the event of any failure by a third party to remit Royalties as required, Seller shall remain responsible for remitting to SongVest the applicable Royalties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. **Audit and Reporting:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. If Seller elects Letters of Direction ("LODs") pursuant to the Administration Election above (or if LODs are required under the "Change in Ownership; Sale of Fund" section below), Seller shall execute and maintain irrevocable letters of direction ("LOD"), a copy of which is attached hereto as Exhibit A, directing Distributor, Artist, Publisher, PRO and/or other third party, as applicable, to account and pay to SongVest the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed for the entire Royalty Period at the same time and on the same terms as such party is required to account to Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. If Seller elects Seller Administration pursuant to the Administration Election above (or if Seller elects Letters of Direction ("LODs") pursuant to the Administration Election above (or if LODs are required under the "Change in Ownership; Sale of Fund" section below), and if Distributor, Artist, Publisher, PRO and/or other third party, as applicable, fails to account or pay Royalties to SongVest directly as required hereunder and instead pays such Royalties to Seller), Seller shall account to SongVest via a statement and pay all Royalties earned and received by Seller during such period no later than thirty (30) days after receipt by Seller of such Royalties. All payments shall be made to SongVest via wire transfer of immediately available funds pursuant to SongVest's written instructions for same. In the event Seller conducts an audit of any of Distributor's or Artist's (or other distributor's, publishers, PRO's or licenses) books and records regarding the sale of any Asset in the Portfolio at any time during the Term, Seller shall notify SongVest thereof and allow, to the extent Seller has the right to allow, SongVest to participate in such audit as it relates to sales of Portfolio. In the event Seller receives any proceeds or awards from any such audit or other claim relating to the Portfolio, Seller will immediately notify SongVest thereof and pay to SongVest its proportionate share of the proceeds (subject to a deduction therefrom of Seller's actual, verifiable costs in conducting such audit or claim). Upon SongVest's request therefor and subject to SongVest covering the costs thereof, Seller agrees, to the extent Seller has the right to do so, to conduct an audit of Distributor's or Artist's books and records related solely to accountings in connection with Royalties hereunder. In the event such audit reveals an underpayment of any monies due and payable in connection with Assets that were the subject of such audit, Seller shall ensure that such additional monies are collected and paid directly to SongVest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. At any time within two (2) years after any statement is rendered to SongVest hereunder, SongVest shall have the right to, upon thirty (30) days written notice, examine Seller's books and records with respect to such statement. Such examination shall be at SongVest's sole cost and expense, by a certified public accountant or other qualified representative designated by SongVest. Such examination shall be made during Seller's usual business hours at the place where Seller maintains the books and records which relate to the Portfolio and which are necessary to verify the accuracy of the statement. Seller shall have no obligation to produce such books and records more than once with respect to each statement rendered to SongVest. Unless notice shall have been given to Seller as provided hereinabove, each royalty statement rendered to SongVest shall be final, conclusive and binding on SongVest and shall constitute an account stated. SongVest shall be foreclosed from maintaining any action, claim or proceeding against Seller in any forum or tribunal with respect to any statement or accounting rendered hereunder unless such action, claim or proceeding is commenced against Seller in a court of competent jurisdiction within eighteen (18) months after the date such statement or accounting is rendered. All audit, accounting, reporting, payment timing, and interest provisions shall apply on a pro rata basis solely with respect to Royalty Interests sold and closed from time to time pursuant to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. At any time within two (2) years after any payment is rendered to Seller by SongVest hereunder, Seller shall have the right to, upon thirty (30) days written notice, examine SongVest's books and records with respect to such payment. Such examination shall be at SongVest's sole cost and expense, by a certified public accountant or other qualified representative designated by SongVest. Such examination shall be made during SongVest's usual business hours at the place where SongVest maintains the books and records which relate to the Offering and which are necessary to verify the accuracy of the payment to Seller. SongVest shall have no obligation to produce such books and records more than once with respect to each payment made to Seller. Unless notice shall have been given to SongVest as provided hereinabove, each payment rendered to Seller shall be final, conclusive and binding on Seller and shall constitute an account stated. Seller shall be foreclosed from maintaining any action, claim or proceeding against SongVest in any forum or tribunal with respect to any payment rendered to Seller hereunder unless such action, claim or proceeding is commenced against SongVest in a court of competent jurisdiction within twenty-four (24) months after the date such payment is received by Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **Seller's Representations, Warranties and Covenants**. The Seller hereby represents, warrants and covenants to SongVest that as of the date hereof:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller: (i) owns and/or has the irrevocable, exclusive right to receive the Royalties free and clear of any mortgage, pledge, lien, charge, security interest, encumbrance, restriction or adverse claim of any nature whatsoever (collectively, "Liens"), other than any tax obligation that Seller must satisfy in connection with the purchase and sale of the Royalties hereunder, (ii) is not aware of any Liens being asserted against the Royalties, (iii) has not consented to the imposition of any Liens on the Royalties and (iv) has not sold, assigned, transferred or otherwise encumbered any of Seller's rights in the Royalties to any person or entity other than SongVest;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Seller is competent to enter into (and understands the terms of) this Agreement and has been represented by tax and accounting advisors and legal counsel in the negotiation and execution of this Agreement, or knowingly waived Seller's right to do so;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Seller intends to (and shall) fully and timely satisfy all tax obligations of Seller flowing from this Agreement from the proceeds Seller receives from SongVest hereunder; In the event Seller fails to satisfy tax obligations flowing from this Agreement, SongVest will not be subject to liability on behalf of Seller;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Seller shall indemnify, defend and hold harmless SongVest, its agents, attorneys, employees, officers, directors, successors and assigns (collectively, the Indemnified Parties") from and against all claims, losses, damages, penalties, judgments, lawsuits and all related costs and expenses of any nature (including legal fees and costs) (collectively, "Costs") which may be incurred by or asserted against any of the Indemnified Parties arising out of, related to, or in connection with any breach or alleged breach by Seller of Seller's obligations, agreements, covenants, representations and/or warranties in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Seller has all necessary right, power, legal capacity and authority, and all necessary actions on the part of Seller (including action required to be taken by Seller's officers, directors, shareholders, trustees, executors or representatives) have been duly and validly taken to authorize Seller: (i) to own the Royalties; (ii) to sell, assign and transfer the Royalties as provided herein; (iii) to effectuate the execution and delivery of this Agreement; (iv) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (v) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. No approvals or consents of any persons or entities other than Seller are necessary in connection therewith, including, without limitation, any approval or consent by the Artists, Distributor, any co-writers or owners of the Assets, and/or any third-party publishers or PRO's, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. As of the date of execution of this Agreement, Seller has no outstanding, unrecouped, and/or unearned advances in respect of or affecting the Royalties and, at no time during the Term will Seller enter into any agreement affecting the payment of Royalties hereunder, including, without limitation, any agreement whereby Seller receives any advance or other monies that are recoupable from (or otherwise reduce) Royalties payable hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. All federal, state and local taxes accrued or owing by Seller to and including the date of execution of this Agreement arising out of or in connection with the Royalties, including without limitation any sales or transfer taxes resulting from the transaction contemplated herein, if any, have been or will be paid or caused to be paid by Seller. The Royalties are free and clear of any and all liens, charges, mortgages, pledges, claims, encumbrances, obligations or liabilities of any kind or nature whatsoever whether accrued, absolute, contingent or otherwise, which would negatively affect the transfer to SongVest of the right to receive the Royalties hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Throughout the Term, Seller shall not take any voluntary action intended to materially impair, delay, or reduce the Royalties payable to SongVest pursuant to this Agreement. The foregoing restriction shall not apply to any of Sellers's distributors, Publishers, or PROs, provided Seller shall provide written notice to SongVest of any sale by the foregoing promptly upon receiving notice from such third parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Seller will not grant any rights or incur any obligations that are inconsistent with the rights granted herein or Seller's obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. Seller will maintain the power, right and authority to perform its obligations hereunder at all times during the Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k. Each Seller Agreement is: (i) in full force and effect as of the date hereof, and shall remain in effect throughout the entire Term and (ii) a valid and binding agreement between Seller and the applicable third party (e.g., Artist) wherein Seller is irrevocably entitled to receive and retain all Royalties with respect to the Assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l. At no time during the Term shall Seller terminate, rescind, revoke or attempt to terminate, rescind or revoke such Seller Agreement or any LOD without the prior written approval of SongVest.

SongVest hereby represents, warrants and covenants to the Seller that as of the date hereof SongVest has all necessary right, power, legal capacity and authority to (i) sell, market (directly or indirectly) advertise or promote securities as that term is understood by the U.S. Securities and Exchange Commission (SEC) including any related to the Portfolio, (ii) to effectuate the execution and delivery of this Agreement; (iii) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (iv) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. This Agreement is legal, valid, and binding upon SongVest and is enforceable in accordance with its terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. **Distribution**. Seller shall notify SongVest of any change in distributor, administrator, publisher, or other revenue source and shall cooperate fully to ensure uninterrupted payment of Royalties to SongVest, including execution of replacement LODs if required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **Change in Ownership; Sale of Portfolio.** In the event Seller sells, transfers, assigns, or otherwise disposes of the Portfolio, any of the Assets, or any interest therein, or if there is any change of ownership or control of Seller (each, a "Change of Control Transaction"), Seller shall, and shall cause any acquiring or successor owner to, promptly take all actions necessary to ensure SongVest continues to receive its applicable share of Royalties without interruption or diminution.

Without limiting the foregoing, Seller shall ensure that all required assignments, notices, letters of direction, payee change forms, and other documentation are executed and delivered directly to all applicable distributors, publishers, administrators, collection societies, digital service providers, and other revenue sources to provide for SongVest to be paid directly, or through a mutually agreed payment mechanism, its applicable pro rata share of Royalties. Any acquiring or successor owner shall automatically assume responsibility for the ongoing administration of the Assets and shall remit to SongVest all Royalties due pursuant to this Agreement **without any deduction, offset, recoupment, or administration fee of any kind**. Seller acknowledges that injunctive relief and specific performance may be appropriate remedies for any breach of this Section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. **Successors & Assigns**. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, permitted assigns, heirs, executors and administrators. Either party may assign this Agreement or any of its rights or obligations hereunder to a third party which agrees to assume the assigning party's obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. **Notices**. All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been given (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); or (c) on the third (3<sup>rd</sup>) day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications must be sent 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 6**):

---

| | |
|:---|:---|
| If to Seller: | [_] |
| If to SongVest: | RoyaltyTraders, LLC dba SongVest |
|  | 1053 East Whitaker Mill Road, Suite 115 |
|  | Raleigh, NC 27604 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. **Choice of Law**. This Agreement shall be governed by and construed in accordance with the laws of the State of Tennessee, USA (without regard to its conflicts of law doctrines) as if this Agreement were entered into and wholly to be performed therein. All actions arising out of or relating to this Agreement shall be brought in the State or Federal courts in Davidson County, Tennessee, and the parties hereby submit to the jurisdiction of such courts. If any legal action or other proceeding is brought for the enforcement of this Agreement or as a result of a breach, default or misrepresentation in connection with any of the provisions of this Agreement, the successful or prevailing party shall be entitled to recover reasonable attorneys' fees and other costs insured in such action or proceeding in addition to any other relief to which such party may be entitled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. **Entire Agreement; Modifications; Headings**. This Agreement, together with the Closing Documents, constitute the entire understanding between the Parties with respect to the transactions contemplated herein and supersede all other agreements and understandings between the Parties; provided, however, that in the event of any conflict, the terms of this Agreement shall prevail. No modification of this Agreement shall be valid unless in writing and signed by both Parties. The titles and headings of the various articles and sections in this Agreement are intended solely for convenience of reference and are not intended for any other purpose whatsoever or to explain, modify, or place any construction on any of the provisions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. **No Third-Party Beneficiary.** The Parties acknowledge and agree that each Investor is an intended third-party beneficiary solely with respect to the economic right to receive Royalties under this Agreement. Notwithstanding the foregoing, each Investor has irrevocably and exclusively delegated all rights to enforce this Agreement to SongVest Pursuant to the terms under which each Investor subscribes through the SongVest platform. The existence of third-party beneficiary status shall not expand the duties, liabilities, or remedies of Seller or Songvest beyond those expressly set forth herein, and all limitation of liabilities, waivers, and restrictions contained in this Agreement shall apply equally to any claim asserted for the benefit of Investors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. **Limitation of Liability.** To the maximum extent permitted by applicable law, neither SongVest nor the Seller shall by liable to the other for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, loss of revenue, loss of data, or loss of business opportunity, arising out of or relating to this Agreement, whether based on contract, tort (including negligence), strict liability, or any other legal theory, even if such party has been advised of the possibility of such damages. In no event shall SongVest's or the Seller's aggregate liability arising out of or related to this Agreement exceed the greater of (i) the Purchase Price, or (ii) the Royalties paid or payable under this Agreement in the twelve (12) month period immediately preceding the event giving rise to the claim. This limitation of liability shall not apply to SongVest's or the Seller's gross negligence or willful misconduct. For the avoidance of doubt, all limitations of liability and waivers set forth in this Agreement apply to any claims asserted for the benefit of Investors, whether directly or indirectly.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. **Counterparts; Facsimile Signatures**. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same instrument. A signed copy of this Agreement delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement.

[Signatures to be provided on following page]

IN WITNESS WHEREOF, the Parties have executed this Agreement under seal (each Party adopting the word "SEAL" as its true and lawful seal) as of the date first set forth above.

---

| | |
|:---|:---|
| **SongVest:** | **SongVest:** |
| RoyaltyTraders LLC dba SongVest | RoyaltyTraders LLC dba SongVest |
| By: | (SEAL) |
| Name: | Sean Peace |
| Title: | Founder/CEO |

---

---

| | |
|:---|:---|
| **Seller:** | **Seller:** |
| [_] | [_] |
| By: | (SEAL) |
| Name: | [_] |
| Title: | President |

---

**SCHEDULE A**

**PORTFOLIO/REVENUE SOURCES/PERCENTAGE INTERESTS**

1. **Royalty Period –** With respect to each Asset, commencing on <u>the date of the closing of the Offering</u> and ending upon <u>the expiration of copyright</u> in such Asset.

2. **Assets** – The following are the type(s) of Assets contained in the Portfolio:

---

| | | |
|:---|:---|:---|
| **TITLE** | **Song ID** | **SELLER'S % INTEREST** |
| "Body Talks" | See attached Exhibit B | 75% |

---

3. **Percentage Interests** – The Percentage Interest in Seller's Revenue Sources is a maximum of <u>Seventy-Five Percent (75%)</u>, subject to clause 6, below.

4. **Revenue Sources** – The Revenue Sources from sales and/or exploitations of Assets are as follows:

---

| | |
|:---|:---|
| A. | Type: |
|  | **<u>Performance Royalties</u>** |
| B. | Share: |
|  | **<u>Writer's Share</u>** |

---

5. **Distributors –** The current Distributors, Labels, and/or PROs, as applicable, of Assets:

**<u>SOCAN - Currently Being Collected by [_]</u>**

6. **Purchase Price and Royalty Interest** – The Purchase Price shall be equal to either (i) the "Minimum: set forth below; (ii) the "Maximum" set forth below; or (iii) a number in between the "Minimum" and "Maximum" set forth below:

● <u>Minimum</u>: $<u>1.00</u>, which shall entitle SongVest to <u>1</u> % Royalty Interest in the Royalties **<sup>(1)</sup>** 

● <u>Maximum</u>: $<u>16,492.00</u>, which shall entitle SongVest to a <u>75</u> % Royalty Interest in the Royalties **<sup>(1)</sup>** 

7. **Artist** – The musical group or recording artist whose performances are embodied in the Asset(s) are:

"Body Talks"- "The Struts"

***(1)***  ***For any Purchase Price that falls between the Minimum or Maximum amounts set forth above, the Royalty Interest in the Royalties to which SongVest shall be entitled will be calculated by multiplying the Purchase Price by a fraction, for which the numerator shall be the Purchase Price, and the denominator shall be the Maximum amount set forth above.*** 

Sch. A-1

**SCHEDULE B: FEES AND EXPENSES**

SongVest intends to collect a fee equal to approximately 26% of the Purchase Price as compensation for its role in facilitating the Transaction.

The Purchase Price agreed to by the Seller herein is not reduced by the aforementioned fees. SongVest may elect to forego these fees at its sole discretion.

Sch. B-1

**EXHIBIT A**

[_] <br>Re: <u>Notice of Assignment of Income</u>

Gentlepersons:

Reference is made to the Royalty Option Agreement, effective as of the Effective Date (the 'Agreement') by and between [_], individually and on behalf of its affiliates (Collectively, the "Seller"), and RoyaltyTraders LLC, d/b/a Songvest (the "Purchaser"). Capitalized terms used herein which are not defined herein shall have the meanings ascribed thereto in the Agreement.

As evidenced by the Agreement, Purchaser has acquired from Seller, throughout the world, the exclusive right to receive and collect the applicable Royalty Interest (as defined in the Agreement and Schedule A) of Seller's share of royalties from the Performance Royalties (and other Assets) accrued and unpaid and hereafter accruing (the "Assigned Royalties"). Accordingly, from and after the applicable Closing Date(s), you are to remit to Purchaser all of the Assigned Royalties, regardless of when earned, to Purchaser, and send them along with any corresponding statements, notices and correspondence to:

RoyaltyTraders, LLC dba SongVest

Attn: Royalty Payments Dept.

1053 East Whitaker Road, Suite 115

Raleigh, NC 27604

Or electronically to <u>finance@songvest.com</u>

Please confirm your receipt of this notice.

Very Truly Yours,

[Seller]

**EXHIBIT B**

Complete Song ID List

---

| | |
|:---|:---|
| **Song ID** | **Title** |
| 92996848 | Body Talks |
| 202086876 | Body Talks |

---

## Ex1A-6

**Exhibit 6.37**

**ROYALTY OPTION AGREEMENT**

This Royalty Option Agreement ("**Agreement**") is entered into as of January 26, 2026, by and between RoyaltyTraders LLC dba SongVest, a Delaware limited liability company ("**SongVest**") at 1053 East Whitaker Rd Suite 115, Raleigh, NC 27604, and _____________ ("**Seller**") and, collectively with SongVest, the "**Parties.**"

WHEREAS, Seller is granting to SongVest an exclusive option to enter into the Transaction (as defined below);

WHEREAS, subject to satisfaction of the Option Threshold (as defined below), Seller will sell to SongVest the right to receive Royalties deriving from the Portfolio during the Royalty Periods (as listed on Schedule A), and SongVest will issue proceed rights units (each, a "**Unit**," and collectively, the "Proceed Rights") to third-party investors via the SongVest platform;

WHEREAS, the Parties desire to memorialize their agreement regarding the Royalties to be directed and paid to SongVest in exchange for payment of the Purchase Price to Seller;

NOW, THEREFORE, in consideration of the mutual covenants herein, the Parties agree as follows:

**Certain Defined Terms**. For purposes of this Agreement, the following terms shall have the meanings set forth below:

"**Assets**" means the assets contained in the Portfolio (e.g., Sound Recordings, Compositions) as listed on Schedule A attached hereto and made a part hereof.

"**Artist(s)**" means those recording artists whose musical performances are embodied in the Assets contained in the Portfolio, if any, and as set forth on Schedule A.

"**Compositions**" means those musical compositions the titles of which are set forth on Schedule A, if any.

"**Distributor(s)**" means any third-party distributor, including a record label or online digital distribution company, that sells, markets, and/or distributes sound recordings embodying the Assets.

"**Fees and Expenses**" means the fees and expenses, including Anticipated Fees, incurred by SongVest for its time and effort to place the Proceed Rights into the Offering and market the Units and Proceed Rights to the general public. Fees and Expenses include, without limitation, legal and other regulator costs related to completing the Offering memorandum and closing. Anticipated Fees are outlined in Schedule B, though actual Fees and Expenses may differ.

"**Net Revenue**" means the Royalties generated from the Portfolio Assets less any service fee charged by the Distributor (or other third party) and current taxes payable during the current period as withheld by the Distributor (or other third party) for the sole purpose of remittal to an entity with taxing authority in the normal course of business.

"**Offering**" means the offering held by SongVest via the Site wherein investors are issued the Units and Proceed Rights.

"**Option Threshold**" means $1.00.

"**Percentage Interest**" means the percentage of Seller's revenue that is available for SongVest to receive from the Seller with respect to the Revenue Sources, up to a maximum of fifty percent (50%), subject to clause 6 of Schedule A.

"**Portfolio**" means the portfolio of Assets as set forth on Schedule A.

"**PRO**" means Seller's public performance rights organization, if any.

"**Purchase Price**" means the purchase price for the Royalties by SongVest as set forth on Schedule A.

"**Sound Recordings**" means those sound recordings embodying the performances of Artist(s) and set forth on Schedule A, if any.

"**Revenue Sources**" means those sources of revenue earned and received by Seller and from which the Royalties are derived from the Assets, which may include, as set forth herein, streaming of the Sound Recordings, record sales, neighboring rights, licensing, or digital sales.

"**Royalty Period**" means, with respect to the Royalties, the period commencing with the initial payment of the Royalties to SongVest and ending on such date as set forth in Schedule A.

"**Royalties**" means the royalties payable to SongVest in connection with the Portfolio that derive from the Revenue Sources based on the Percentage Interest.

"**Royalty Interest**" means the percentage of the Royalties that SongVest is entitled to as set forth in Schedule A based on the Percentage Interest.

"**Seller Agreements**" means those agreements between Seller and third parties, including Artists and/or Distributors, wherein Seller is entitled to receive the Percentage Interest of all Assets.<br>

"**Streaming**" means the Net Revenue payable to Seller derived from the Portfolio (including all Assets) from Distributor, Artist, Publisher, and/or PRO, as applicable, from all digital streaming platforms (e.g., Spotify) and reported by any source (digital service providers, SoundExchange, Distributor or other companies collecting streaming income on the Portfolio).

"**Term**" means the term of this Agreement, which Term shall commence on the date of signature of this Agreement and continue until the earlier of (a) the date that is twelve (12) months following the Effective Date, if the Option Threshold has not been satisfied by such date; or (b) the date on which all Royalties payable with respect to all Royalty Interests sold and closed hereunder have been paid in full to SongVest. For the avoidance of doubt, upon satisfaction of the Option Threshold, SongVest's option to enter into the Transaction shall be deemed exercised, and the Term shall continue through the expiration of all applicable Royalty Periods with respect to Royalty Interests sold and closed, regardless of whether the Offering is completed or additional Royalty Interests are sold.

"**Videos**" means those audiovisual recordings of Sound Recordings and set forth on Schedule A, if any.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. **Transaction/Offering.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller hereby grants to SongVest the exclusive right during the Term to conduct the Offering. SongVest may conduct the Offering in one or more closings, including on a rolling or quarterly basis, in SongVest's sole discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The Parties acknowledge and agree that the **Option Threshold shall be deemed satisfied upon the funding of at least One Dollar ($1.00)**. Upon satisfaction of the Option Threshold, SongVest's option shall be deemed exercised with respect to the Royalty Interests sold and closed from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The Offering may be closed in one or more closings (each, a "**Closing** "). At each Closing, Seller shall irrevocably assign, grant, and convey to SongVest the applicable pro rata Royalty Interest corresponding solely to the portion of the Purchase Price funded at such Closing, as further set forth on Schedule A. No Royalty Interest shall vest or accrue except with respect to amounts actually sold and closed. Royalties attributable to Royalty Interests sold at a given Closing shall accrue only from and after such Closing and shall not relate back to any prior period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Promptly following each Closing, and in any event within five (5) business days of such Closing, SongVest shall remit to Seller the Purchase Price (without any deduction or set-off) funded at such Closing, in accordance with the payment instructions provided to SongVest by Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **Royalties**. Seller agrees that, during the applicable Royalty Periods, all Royalties derived from the Portfolio Assets and applicable Revenue Sources shall be paid or directed to SongVest in accordance with this Agreement and Schedule A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. **Administration Election:** Seller shall administer Royalties in one of the following manners, as elected by Seller in writing (Seller hereby elects option (ii)(Seller Administration)):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. **Letters of Direction ("LODs").** Seller shall execute and maintain irrevocable letters of direction directing applicable distributors, publishers, administrators, PROs, and other revenue sources to remit directly to SongVest the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed; **or** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. **Seller Administration.** Seller shall continue to administer and collect all Royalties and shall remit to SongVest, on a quarterly basis (or such other period as set forth on Schedule A), the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed.

Unless and until the Parties mutually agree otherwise in writing, Seller may continue Seller Administration indefinitely, including following the completion of the Offering.

Notwithstanding anything herein to the contrary, Seller shall only be required to execute or maintain Letters of Direction to the extent Seller elects LOD-based administration pursuant to this Section or as otherwise required under the "Change in Ownership; Sale of Fund" section below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. **Third-Party Noncompliance:** Seller shall use commercially reasonable efforts to cause applicable third parties to comply with the elected administration method. In the event of any failure by a third party to remit Royalties as required, Seller shall remain responsible for remitting to SongVest the applicable Royalties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. **Audit and Reporting:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. If Seller elects Letters of Direction ("LODs") pursuant to the Administration Election above (or if LODs are required under the "Change in Ownership; Sale of Fund" section below), Seller shall execute and maintain irrevocable letters of direction ("LOD"), a copy of which is attached hereto as Exhibit A, directing Distributor, Artist, Publisher, PRO and/or other third party, as applicable, to account and pay to SongVest the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed for the entire Royalty Period at the same time and on the same terms as such party is required to account to Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. If Seller elects Seller Administration pursuant to the Administration Election above (or if Seller elects Letters of Direction ("LODs") pursuant to the Administration Election above (or if LODs are required under the "Change in Ownership; Sale of Fund" section below), and if Distributor, Artist, Publisher, PRO and/or other third party, as applicable, fails to account or pay Royalties to SongVest directly as required hereunder and instead pays such Royalties to Seller), Seller shall account to SongVest via a statement and pay all Royalties earned and received by Seller during such period no later than thirty (30) days after receipt by Seller of such Royalties. All payments shall be made to SongVest via wire transfer of immediately available funds pursuant to SongVest's written instructions for same. In the event Seller conducts an audit of any of Distributor's or Artist's (or other distributor's, publishers, PRO's or licenses) books and records regarding the sale of any Asset in the Portfolio at any time during the Term, Seller shall notify SongVest thereof and allow, to the extent Seller has the right to allow, SongVest to participate in such audit as it relates to sales of Portfolio. In the event Seller receives any proceeds or awards from any such audit or other claim relating to the Portfolio, Seller will immediately notify SongVest thereof and pay to SongVest its proportionate share of the proceeds (subject to a deduction therefrom of Seller's actual, verifiable costs in conducting such audit or claim). Upon SongVest's request therefor and subject to SongVest covering the costs thereof, Seller agrees, to the extent Seller has the right to do so, to conduct an audit of Distributor's or Artist's books and records related solely to accountings in connection with Royalties hereunder. In the event such audit reveals an underpayment of any monies due and payable in connection with Assets that were the subject of such audit, Seller shall ensure that such additional monies are collected and paid directly to SongVest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. At any time within two (2) years after any statement is rendered to SongVest hereunder, SongVest shall have the right to, upon thirty (30) days written notice, examine Seller's books and records with respect to such statement. Such examination shall be at SongVest's sole cost and expense, by a certified public accountant or other qualified representative designated by SongVest. Such examination shall be made during Seller's usual business hours at the place where Seller maintains the books and records which relate to the Portfolio and which are necessary to verify the accuracy of the statement. Seller shall have no obligation to produce such books and records more than once with respect to each statement rendered to SongVest. Unless notice shall have been given to Seller as provided hereinabove, each royalty statement rendered to SongVest shall be final, conclusive and binding on SongVest and shall constitute an account stated. SongVest shall be foreclosed from maintaining any action, claim or proceeding against Seller in any forum or tribunal with respect to any statement or accounting rendered hereunder unless such action, claim or proceeding is commenced against Seller in a court of competent jurisdiction within eighteen (18) months after the date such statement or accounting is rendered. All audit, accounting, reporting, payment timing, and interest provisions shall apply on a pro rata basis solely with respect to Royalty Interests sold and closed from time to time pursuant to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. At any time within two (2) years after any payment is rendered to Seller by SongVest hereunder, Seller shall have the right to, upon thirty (30) days written notice, examine SongVest's books and records with respect to such payment. Such examination shall be at SongVest's sole cost and expense, by a certified public accountant or other qualified representative designated by SongVest. Such examination shall be made during SongVest's usual business hours at the place where SongVest maintains the books and records which relate to the Offering and which are necessary to verify the accuracy of the payment to Seller. SongVest shall have no obligation to produce such books and records more than once with respect to each payment made to Seller. Unless notice shall have been given to SongVest as provided hereinabove, each payment rendered to Seller shall be final, conclusive and binding on Seller and shall constitute an account stated. Seller shall be foreclosed from maintaining any action, claim or proceeding against SongVest in any forum or tribunal with respect to any payment rendered to Seller hereunder unless such action, claim or proceeding is commenced against SongVest in a court of competent jurisdiction within twenty-four (24) months after the date such payment is received by Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **Seller's Representations, Warranties and Covenants**. The Seller hereby represents, warrants and covenants to SongVest that as of the date hereof:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller: (i) owns and/or has the irrevocable, exclusive right to receive the Royalties free and clear of any mortgage, pledge, lien, charge, security interest, encumbrance, restriction or adverse claim of any nature whatsoever (collectively, "Liens"), other than any tax obligation that Seller must satisfy in connection with the purchase and sale of the Royalties hereunder, (ii) is not aware of any Liens being asserted against the Royalties, (iii) has not consented to the imposition of any Liens on the Royalties and (iv) has not sold, assigned, transferred or otherwise encumbered any of Seller's rights in the Royalties to any person or entity other than SongVest;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Seller is competent to enter into (and understands the terms of) this Agreement and has been represented by tax and accounting advisors and legal counsel in the negotiation and execution of this Agreement, or knowingly waived Seller's right to do so;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Seller intends to (and shall) fully and timely satisfy all tax obligations of Seller flowing from this Agreement from the proceeds Seller receives from SongVest hereunder; In the event Seller fails to satisfy tax obligations flowing from this Agreement, SongVest will not be subject to liability on behalf of Seller;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Seller shall indemnify, defend and hold harmless SongVest, its agents, attorneys, employees, officers, directors, successors and assigns (collectively, the Indemnified Parties") from and against all claims, losses, damages, penalties, judgments, lawsuits and all related costs and expenses of any nature (including legal fees and costs) (collectively, "Costs") which may be incurred by or asserted against any of the Indemnified Parties arising out of, related to, or in connection with any breach or alleged breach by Seller of Seller's obligations, agreements, covenants, representations and/or warranties in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Seller has all necessary right, power, legal capacity and authority, and all necessary actions on the part of Seller (including action required to be taken by Seller's officers, directors, shareholders, trustees, executors or representatives) have been duly and validly taken to authorize Seller: (i) to own the Royalties; (ii) to sell, assign and transfer the Royalties as provided herein; (iii) to effectuate the execution and delivery of this Agreement; (iv) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (v) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. No approvals or consents of any persons or entities other than Seller are necessary in connection therewith, including, without limitation, any approval or consent by the Artists, Distributor, any co-writers or owners of the Assets, and/or any third-party publishers or PRO's, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. As of the date of execution of this Agreement, Seller has no outstanding, unrecouped, and/or unearned advances in respect of or affecting the Royalties and, at no time during the Term will Seller enter into any agreement affecting the payment of Royalties hereunder, including, without limitation, any agreement whereby Seller receives any advance or other monies that are recoupable from (or otherwise reduce) Royalties payable hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. All federal, state and local taxes accrued or owing by Seller to and including the date of execution of this Agreement arising out of or in connection with the Royalties, including without limitation any sales or transfer taxes resulting from the transaction contemplated herein, if any, have been or will be paid or caused to be paid by Seller. The Royalties are free and clear of any and all liens, charges, mortgages, pledges, claims, encumbrances, obligations or liabilities of any kind or nature whatsoever whether accrued, absolute, contingent or otherwise, which would negatively affect the transfer to SongVest of the right to receive the Royalties hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Throughout the Term, Seller shall not take any voluntary action intended to materially impair, delay, or reduce the Royalties payable to SongVest pursuant to this Agreement. The foregoing restriction shall not apply to any of Sellers's distributors, Publishers, or PROs, provided Seller shall provide written notice to SongVest of any sale by the foregoing promptly upon receiving notice from such third parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Seller will not grant any rights or incur any obligations that are inconsistent with the rights granted herein or Seller's obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. Seller will maintain the power, right and authority to perform its obligations hereunder at all times during the Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k. Each Seller Agreement is: (i) in full force and effect as of the date hereof, and shall remain in effect throughout the entire Term and (ii) a valid and binding agreement between Seller and the applicable third party (e.g., Artist) wherein Seller is irrevocably entitled to receive and retain all Royalties with respect to the Assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l. At no time during the Term shall Seller terminate, rescind, revoke or attempt to terminate, rescind or revoke such Seller Agreement or any LOD without the prior written approval of SongVest.

SongVest hereby represents, warrants and covenants to the Seller that as of the date hereof SongVest has all necessary right, power, legal capacity and authority to (i) sell, market (directly or indirectly) advertise or promote securities as that term is understood by the U.S. Securities and Exchange Commission (SEC) including any related to the Portfolio, (ii) to effectuate the execution and delivery of this Agreement; (iii) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (iv) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. This Agreement is legal, valid, and binding upon SongVest and is enforceable in accordance with its terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. **Distribution**. Seller shall notify SongVest of any change in distributor, administrator, publisher, or other revenue source and shall cooperate fully to ensure uninterrupted payment of Royalties to SongVest, including execution of replacement LODs if required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **Change in Ownership; Sale of Portfolio**. In the event Seller sells, transfers, assigns, or otherwise disposes of the Portfolio, any of the Assets, or any interest therein, or if there is any change of ownership or control of Seller (each, a "Change of Control Transaction"), Seller shall, and shall cause any acquiring or successor owner to, promptly take all actions necessary to ensure SongVest continues to receive its applicable share of Royalties without interruption or diminution.

Without limiting the foregoing, Seller shall ensure that all required assignments, notices, letters of direction, payee change forms, and other documentation are executed and delivered directly to all applicable distributors, publishers, administrators, collection societies, digital service providers, and other revenue sources to provide for SongVest to be paid directly, or through a mutually agreed payment mechanism, its applicable pro rata share of Royalties. Any acquiring or successor owner shall automatically assume responsibility for the ongoing administration of the Assets and shall remit to SongVest all Royalties due pursuant to this Agreement **without any deduction, offset, recoupment, or administration fee of any kind**. Seller acknowledges that injunctive relief and specific performance may be appropriate remedies for any breach of this Section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. **Successors & Assigns**. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, permitted assigns, heirs, executors and administrators. Either party may assign this Agreement or any of its rights or obligations hereunder to a third party which agrees to assume the assigning party's obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. **Notices**. All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been given (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); or (c) on the third (3<sup>rd</sup>) day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications must be sent 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 6**):

---

| | |
|:---|:---|
| If to Seller: | [_] |
| If to SongVest: | RoyaltyTraders, LLC dba SongVest |
|  | 1053 East Whitaker Mill Road, Suite 115 |
|  | Raleigh, NC 27604 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. **Choice of Law**. This Agreement shall be governed by and construed in accordance with the laws of the State of Tennessee, USA (without regard to its conflicts of law doctrines) as if this Agreement were entered into and wholly to be performed therein. All actions arising out of or relating to this Agreement shall be brought in the State or Federal courts in Davidson County, Tennessee, and the parties hereby submit to the jurisdiction of such courts. If any legal action or other proceeding is brought for the enforcement of this Agreement or as a result of a breach, default or misrepresentation in connection with any of the provisions of this Agreement, the successful or prevailing party shall be entitled to recover reasonable attorneys' fees and other costs insured in such action or proceeding in addition to any other relief to which such party may be entitled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. **Entire Agreement; Modifications; Headings**. This Agreement, together with the Closing Documents, constitute the entire understanding between the Parties with respect to the transactions contemplated herein and supersede all other agreements and understandings between the Parties; provided, however, that in the event of any conflict, the terms of this Agreement shall prevail. No modification of this Agreement shall be valid unless in writing and signed by both Parties. The titles and headings of the various articles and sections in this Agreement are intended solely for convenience of reference and are not intended for any other purpose whatsoever or to explain, modify, or place any construction on any of the provisions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. **No Third-Party Beneficiary**. The Parties acknowledge and agree that each Investor is an intended third-party beneficiary solely with respect to the economic right to receive Royalties under this Agreement. Notwithstanding the foregoing, each Investor has irrevocably and exclusively delegated all rights to enforce this Agreement to SongVest Pursuant to the terms under which each Investor subscribes through the SongVest platform. The existence of third-party beneficiary status shall not expand the duties, liabilities, or remedies of Seller or Songvest beyond those expressly set forth herein, and all limitation of liabilities, waivers, and restrictions contained in this Agreement shall apply equally to any claim asserted for the benefit of Investors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. **Limitation of Liability**. To the maximum extent permitted by applicable law, neither SongVest nor the Seller shall by liable to the other for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, loss of revenue, loss of data, or loss of business opportunity, arising out of or relating to this Agreement, whether based on contract, tort (including negligence), strict liability, or any other legal theory, even if such party has been advised of the possibility of such damages. In no event shall SongVest's or the Seller's aggregate liability arising out of or related to this Agreement exceed the greater of (i) the Purchase Price, or (ii) the Royalties paid or payable under this Agreement in the twelve (12) month period immediately preceding the event giving rise to the claim. This limitation of liability shall not apply to SongVest's or the Seller's gross negligence or willful misconduct. For the avoidance of doubt, all limitations of liability and waivers set forth in this Agreement apply to any claims asserted for the benefit of Investors, whether directly or indirectly.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. **Counterparts; Facsimile Signatures**. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same instrument. A signed copy of this Agreement delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement.

[Signatures to be provided on following page]

IN WITNESS WHEREOF, the Parties have executed this Agreement under seal (each Party adopting the word "SEAL" as its true and lawful seal) as of the date first set forth above.

---

| | |
|:---|:---|
| **SongVest:** | **SongVest:** |
| RoyaltyTraders LLC dba SongVest | RoyaltyTraders LLC dba SongVest |
| By: | (SEAL) |
| Name: | Sean Peace |
| Title: | Founder/CEO |

---

---

| | |
|:---|:---|
| **Seller:** | **Seller:** |
| [_] | [_] |
| By: | (SEAL) |
| Name: | [_] |
| Title: | President |

---

**SCHEDULE A**

**PORTFOLIO/REVENUE SOURCES/PERCENTAGE INTERESTS**

1. **Royalty Period –** With respect to each Asset, commencing on <u>the date of the closing of the Offering</u> and ending upon <u>the expiration of copyright</u> in such Asset.

2. **Assets** – The following are the type(s) of Assets contained in the Portfolio:

---

| | | |
|:---|:---|:---|
| **TITLE** | **Song ID** | **SELLER'S % INTEREST** |
| "Blow Your Mind (Mwah)" | See attached Exhibit B | 50% |

---

3. **Percentage Interests** – The Percentage Interest in Seller's Revenue Sources is a maximum of <u>Fifty Percent (50%)</u>, subject to clause 6, below.

4. **Revenue Sources** – The Revenue Sources from sales and/or exploitations of Assets are as follows:

---

| | |
|:---|:---|
| A. | Type: |
|  | **<u>Performance Royalties</u>** |
| B. | Share: |
|  | **<u>Writer's Share</u>** |

---

5. **Distributors –** The current Distributors, Labels, and/or PROs, as applicable, of Assets:

**<u>SOCAN - Currently Being Collected by [_]</u>**

6. **Purchase Price and Royalty Interest** – The Purchase Price shall be equal to either (i) the "Minimum: set forth below; (ii) the "Maximum" set forth below; or (iii) a number in between the "Minimum" and "Maximum" set forth below:

● <u>Minimum</u>: $<u>1.00</u>, which shall entitle SongVest to <u>1</u> % Royalty Interest in the Royalties **<sup>(1)</sup>** 

● <u>Maximum</u>: $<u>94,949.00</u>, which shall entitle SongVest to a <u>50</u> % Royalty Interest in the Royalties **<sup>(1)</sup>** 

7. **Artist** – The musical group or recording artist whose performances are embodied in the Asset(s) are:

"Blow Your Mind (Mwah)"- "Dua Lipa"

***(1)***  ***For any Purchase Price that falls between the Minimum or Maximum amounts set forth above, the Royalty Interest in the Royalties to which SongVest shall be entitled will be calculated by multiplying the Purchase Price by a fraction, for which the numerator shall be the Purchase Price, and the denominator shall be the Maximum amount set forth above.*** 

Sch. A-1

**SCHEDULE B: FEES AND EXPENSES**

SongVest intends to collect a fee equal to approximately 26% of the Purchase Price as compensation for its role in facilitating the Transaction.

The Purchase Price agreed to by the Seller herein is not reduced by the aforementioned fees. SongVest may elect to forego these fees at its sole discretion.

Sch. B-1

**EXHIBIT A**

[_] <br>Re: <u>Notice of Assignment of Income</u>

Gentlepersons:

Reference is made to the Royalty Option Agreement, effective as of the Effective Date (the 'Agreement') by and between [_], individually and on behalf of its affiliates (Collectively, the "Seller"), and RoyaltyTraders LLC, d/b/a Songvest (the "Purchaser"). Capitalized terms used herein which are not defined herein shall have the meanings ascribed thereto in the Agreement.

As evidenced by the Agreement, Purchaser has acquired from Seller, throughout the world, the exclusive right to receive and collect the applicable Royalty Interest (as defined in the Agreement and Schedule A) of Seller's share of royalties from the Performance Royalties (and other Assets) accrued and unpaid and hereafter accruing (the "Assigned Royalties"). Accordingly, from and after the applicable Closing Date(s), you are to remit to Purchaser all of the Assigned Royalties, regardless of when earned, to Purchaser, and send them along with any corresponding statements, notices and correspondence to:

RoyaltyTraders, LLC dba SongVest

Attn: Royalty Payments Dept.

1053 East Whitaker Road, Suite 115

Raleigh, NC 27604

Or electronically to <u>finance@songvest.com</u>

Please confirm your receipt of this notice.

Very Truly Yours,

[_]

**EXHIBIT B**

Complete Song ID List

---

| | |
|:---|:---|
| **Song ID** | **Title** |
| 86254884 | Blow Your Mind (Mwah) |
| 231092300 | Blow Your Mind (Mwah) |
| 212122454 | Blow Your Mind (Mwah) |

---

## Ex1A-6

**Exhibit 6.38**

**ROYALTY OPTION AGREEMENT**

This Royalty Option Agreement ("**Agreement**") is entered into as of January 26, 2026, by and between RoyaltyTraders LLC dba SongVest, a Delaware limited liability company ("**SongVest**") at 1053 East Whitaker Rd Suite 115, Raleigh, NC 27604, and [_] ("**Seller**") and, collectively with SongVest, the "**Parties.**"

WHEREAS, Seller is granting to SongVest an exclusive option to enter into the Transaction (as defined below);

WHEREAS, subject to satisfaction of the Option Threshold (as defined below), Seller will sell to SongVest the right to receive Royalties deriving from the Portfolio during the Royalty Periods (as listed on Schedule A), and SongVest will issue proceed rights units (each, a "**Unit**," and collectively, the "Proceed Rights") to third-party investors via the SongVest platform;

WHEREAS, the Parties desire to memorialize their agreement regarding the Royalties to be directed and paid to SongVest in exchange for payment of the Purchase Price to Seller;

NOW, THEREFORE, in consideration of the mutual covenants herein, the Parties agree as follows:

**Certain Defined Terms**. For purposes of this Agreement, the following terms shall have the meanings set forth below:

"**Assets**" means the assets contained in the Portfolio (e.g., Sound Recordings, Compositions) as listed on Schedule A attached hereto and made a part hereof.

"**Artist(s)**" means those recording artists whose musical performances are embodied in the Assets contained in the Portfolio, if any, and as set forth on Schedule A.

"**Compositions**" means those musical compositions the titles of which are set forth on Schedule A, if any.

"**Distributor(s)**" means any third-party distributor, including a record label or online digital distribution company, that sells, markets, and/or distributes sound recordings embodying the Assets.

"**Fees and Expenses**" means the fees and expenses, including Anticipated Fees, incurred by SongVest for its time and effort to place the Proceed Rights into the Offering and market the Units and Proceed Rights to the general public. Fees and Expenses include, without limitation, legal and other regulator costs related to completing the Offering memorandum and closing. Anticipated Fees are outlined in Schedule B, though actual Fees and Expenses may differ.

"**Net Revenue**" means the Royalties generated from the Portfolio Assets less any service fee charged by the Distributor (or other third party) and current taxes payable during the current period as withheld by the Distributor (or other third party) for the sole purpose of remittal to an entity with taxing authority in the normal course of business.

"**Offering**" means the offering held by SongVest via the Site wherein investors are issued the Units and Proceed Rights.

"**Option Threshold**" means $1.00.

"**Percentage Interest**" means the percentage of Seller's revenue that is available for SongVest to receive from the Seller with respect to the Revenue Sources, up to a maximum of fifty percent (50%), subject to clause 6 of Schedule A.

"**Portfolio**" means the portfolio of Assets as set forth on Schedule A.

"**PRO**" means Seller's public performance rights organization, if any.

"**Purchase Price**" means the purchase price for the Royalties by SongVest as set forth on Schedule A.

"**Sound Recordings**" means those sound recordings embodying the performances of Artist(s) and set forth on Schedule A, if any.

"**Revenue Sources**" means those sources of revenue earned and received by Seller and from which the Royalties are derived from the Assets, which may include, as set forth herein, streaming of the Sound Recordings, record sales, neighboring rights, licensing, or digital sales.

"**Royalty Period**" means, with respect to the Royalties, the period commencing with the initial payment of the Royalties to SongVest and ending on such date as set forth in Schedule A.

"**Royalties**" means the royalties payable to SongVest in connection with the Portfolio that derive from the Revenue Sources based on the Percentage Interest.

"**Royalty Interest**" means the percentage of the Royalties that SongVest is entitled to as set forth in Schedule A based on the Percentage Interest.

"**Seller Agreements**" means those agreements between Seller and third parties, including Artists and/or Distributors, wherein Seller is entitled to receive the Percentage Interest of all Assets.<br>

"**Streaming**" means the Net Revenue payable to Seller derived from the Portfolio (including all Assets) from Distributor, Artist, Publisher, and/or PRO, as applicable, from all digital streaming platforms (e.g., Spotify) and reported by any source (digital service providers, SoundExchange, Distributor or other companies collecting streaming income on the Portfolio).

"**Term**" means the term of this Agreement, which Term shall commence on the date of signature of this Agreement and continue until the earlier of (a) the date that is twelve (12) months following the Effective Date, if the Option Threshold has not been satisfied by such date; or (b) the date on which all Royalties payable with respect to all Royalty Interests sold and closed hereunder have been paid in full to SongVest. For the avoidance of doubt, upon satisfaction of the Option Threshold, SongVest's option to enter into the Transaction shall be deemed exercised, and the Term shall continue through the expiration of all applicable Royalty Periods with respect to Royalty Interests sold and closed, regardless of whether the Offering is completed or additional Royalty Interests are sold.

"**Videos**" means those audiovisual recordings of Sound Recordings and set forth on Schedule A, if any.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. **Transaction/Offering.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller hereby grants to SongVest the exclusive right during the Term to conduct the Offering. SongVest may conduct the Offering in one or more closings, including on a rolling or quarterly basis, in SongVest's sole discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The Parties acknowledge and agree that the **Option Threshold shall be deemed satisfied upon the funding of at least One Dollar ($1.00)**. Upon satisfaction of the Option Threshold, SongVest's option shall be deemed exercised with respect to the Royalty Interests sold and closed from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The Offering may be closed in one or more closings (each, a "**Closing** "). At each Closing, Seller shall irrevocably assign, grant, and convey to SongVest the applicable pro rata Royalty Interest corresponding solely to the portion of the Purchase Price funded at such Closing, as further set forth on Schedule A. No Royalty Interest shall vest or accrue except with respect to amounts actually sold and closed. Royalties attributable to Royalty Interests sold at a given Closing shall accrue only from and after such Closing and shall not relate back to any prior period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Promptly following each Closing, and in any event within five (5) business days of such Closing, SongVest shall remit to Seller the Purchase Price (without any deduction or set-off) funded at such Closing, in accordance with the payment instructions provided to SongVest by Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **Royalties**. Seller agrees that, during the applicable Royalty Periods, all Royalties derived from the Portfolio Assets and applicable Revenue Sources shall be paid or directed to SongVest in accordance with this Agreement and Schedule A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. **Administration Election:** Seller shall administer Royalties in one of the following manners, as elected by Seller in writing (Seller hereby elects option (ii)(Seller Administration)):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. **Letters of Direction ("LODs").** Seller shall execute and maintain irrevocable letters of direction directing applicable distributors, publishers, administrators, PROs, and other revenue sources to remit directly to SongVest the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed; **or** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. **Seller Administration.** Seller shall continue to administer and collect all Royalties and shall remit to SongVest, on a quarterly basis (or such other period as set forth on Schedule A), the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed.

Unless and until the Parties mutually agree otherwise in writing, Seller may continue Seller Administration indefinitely, including following the completion of the Offering.

Notwithstanding anything herein to the contrary, Seller shall only be required to execute or maintain Letters of Direction to the extent Seller elects LOD-based administration pursuant to this Section or as otherwise required under the "Change in Ownership; Sale of Fund" section below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. **Third-Party Noncompliance:** Seller shall use commercially reasonable efforts to cause applicable third parties to comply with the elected administration method. In the event of any failure by a third party to remit Royalties as required, Seller shall remain responsible for remitting to SongVest the applicable Royalties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. **Audit and Reporting:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. If Seller elects Letters of Direction ("LODs") pursuant to the Administration Election above (or if LODs are required under the "Change in Ownership; Sale of Fund" section below), Seller shall execute and maintain irrevocable letters of direction ("LOD"), a copy of which is attached hereto as Exhibit A, directing Distributor, Artist, Publisher, PRO and/or other third party, as applicable, to account and pay to SongVest the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed for the entire Royalty Period at the same time and on the same terms as such party is required to account to Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. If Seller elects Seller Administration pursuant to the Administration Election above (or if Seller elects Letters of Direction ("LODs") pursuant to the Administration Election above (or if LODs are required under the "Change in Ownership; Sale of Fund" section below), and if Distributor, Artist, Publisher, PRO and/or other third party, as applicable, fails to account or pay Royalties to SongVest directly as required hereunder and instead pays such Royalties to Seller), Seller shall account to SongVest via a statement and pay all Royalties earned and received by Seller during such period no later than thirty (30) days after receipt by Seller of such Royalties. All payments shall be made to SongVest via wire transfer of immediately available funds pursuant to SongVest's written instructions for same. In the event Seller conducts an audit of any of Distributor's or Artist's (or other distributor's, publishers, PRO's or licenses) books and records regarding the sale of any Asset in the Portfolio at any time during the Term, Seller shall notify SongVest thereof and allow, to the extent Seller has the right to allow, SongVest to participate in such audit as it relates to sales of Portfolio. In the event Seller receives any proceeds or awards from any such audit or other claim relating to the Portfolio, Seller will immediately notify SongVest thereof and pay to SongVest its proportionate share of the proceeds (subject to a deduction therefrom of Seller's actual, verifiable costs in conducting such audit or claim). Upon SongVest's request therefor and subject to SongVest covering the costs thereof, Seller agrees, to the extent Seller has the right to do so, to conduct an audit of Distributor's or Artist's books and records related solely to accountings in connection with Royalties hereunder. In the event such audit reveals an underpayment of any monies due and payable in connection with Assets that were the subject of such audit, Seller shall ensure that such additional monies are collected and paid directly to SongVest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. At any time within two (2) years after any statement is rendered to SongVest hereunder, SongVest shall have the right to, upon thirty (30) days written notice, examine Seller's books and records with respect to such statement. Such examination shall be at SongVest's sole cost and expense, by a certified public accountant or other qualified representative designated by SongVest. Such examination shall be made during Seller's usual business hours at the place where Seller maintains the books and records which relate to the Portfolio and which are necessary to verify the accuracy of the statement. Seller shall have no obligation to produce such books and records more than once with respect to each statement rendered to SongVest. Unless notice shall have been given to Seller as provided hereinabove, each royalty statement rendered to SongVest shall be final, conclusive and binding on SongVest and shall constitute an account stated. SongVest shall be foreclosed from maintaining any action, claim or proceeding against Seller in any forum or tribunal with respect to any statement or accounting rendered hereunder unless such action, claim or proceeding is commenced against Seller in a court of competent jurisdiction within eighteen (18) months after the date such statement or accounting is rendered. All audit, accounting, reporting, payment timing, and interest provisions shall apply on a pro rata basis solely with respect to Royalty Interests sold and closed from time to time pursuant to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. At any time within two (2) years after any payment is rendered to Seller by SongVest hereunder, Seller shall have the right to, upon thirty (30) days written notice, examine SongVest's books and records with respect to such payment. Such examination shall be at SongVest's sole cost and expense, by a certified public accountant or other qualified representative designated by SongVest. Such examination shall be made during SongVest's usual business hours at the place where SongVest maintains the books and records which relate to the Offering and which are necessary to verify the accuracy of the payment to Seller. SongVest shall have no obligation to produce such books and records more than once with respect to each payment made to Seller. Unless notice shall have been given to SongVest as provided hereinabove, each payment rendered to Seller shall be final, conclusive and binding on Seller and shall constitute an account stated. Seller shall be foreclosed from maintaining any action, claim or proceeding against SongVest in any forum or tribunal with respect to any payment rendered to Seller hereunder unless such action, claim or proceeding is commenced against SongVest in a court of competent jurisdiction within twenty-four (24) months after the date such payment is received by Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **Seller's Representations, Warranties and Covenants**. The Seller hereby represents, warrants and covenants to SongVest that as of the date hereof:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller: (i) owns and/or has the irrevocable, exclusive right to receive the Royalties free and clear of any mortgage, pledge, lien, charge, security interest, encumbrance, restriction or adverse claim of any nature whatsoever (collectively, "Liens"), other than any tax obligation that Seller must satisfy in connection with the purchase and sale of the Royalties hereunder, (ii) is not aware of any Liens being asserted against the Royalties, (iii) has not consented to the imposition of any Liens on the Royalties and (iv) has not sold, assigned, transferred or otherwise encumbered any of Seller's rights in the Royalties to any person or entity other than SongVest;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Seller is competent to enter into (and understands the terms of) this Agreement and has been represented by tax and accounting advisors and legal counsel in the negotiation and execution of this Agreement, or knowingly waived Seller's right to do so;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Seller intends to (and shall) fully and timely satisfy all tax obligations of Seller flowing from this Agreement from the proceeds Seller receives from SongVest hereunder; In the event Seller fails to satisfy tax obligations flowing from this Agreement, SongVest will not be subject to liability on behalf of Seller;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Seller shall indemnify, defend and hold harmless SongVest, its agents, attorneys, employees, officers, directors, successors and assigns (collectively, the Indemnified Parties") from and against all claims, losses, damages, penalties, judgments, lawsuits and all related costs and expenses of any nature (including legal fees and costs) (collectively, "Costs") which may be incurred by or asserted against any of the Indemnified Parties arising out of, related to, or in connection with any breach or alleged breach by Seller of Seller's obligations, agreements, covenants, representations and/or warranties in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Seller has all necessary right, power, legal capacity and authority, and all necessary actions on the part of Seller (including action required to be taken by Seller's officers, directors, shareholders, trustees, executors or representatives) have been duly and validly taken to authorize Seller: (i) to own the Royalties; (ii) to sell, assign and transfer the Royalties as provided herein; (iii) to effectuate the execution and delivery of this Agreement; (iv) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (v) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. No approvals or consents of any persons or entities other than Seller are necessary in connection therewith, including, without limitation, any approval or consent by the Artists, Distributor, any co-writers or owners of the Assets, and/or any third-party publishers or PRO's, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. As of the date of execution of this Agreement, Seller has no outstanding, unrecouped, and/or unearned advances in respect of or affecting the Royalties and, at no time during the Term will Seller enter into any agreement affecting the payment of Royalties hereunder, including, without limitation, any agreement whereby Seller receives any advance or other monies that are recoupable from (or otherwise reduce) Royalties payable hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. All federal, state and local taxes accrued or owing by Seller to and including the date of execution of this Agreement arising out of or in connection with the Royalties, including without limitation any sales or transfer taxes resulting from the transaction contemplated herein, if any, have been or will be paid or caused to be paid by Seller. The Royalties are free and clear of any and all liens, charges, mortgages, pledges, claims, encumbrances, obligations or liabilities of any kind or nature whatsoever whether accrued, absolute, contingent or otherwise, which would negatively affect the transfer to SongVest of the right to receive the Royalties hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Throughout the Term, Seller shall not take any voluntary action intended to materially impair, delay, or reduce the Royalties payable to SongVest pursuant to this Agreement. The foregoing restriction shall not apply to any of Sellers's distributors, Publishers, or PROs, provided Seller shall provide written notice to SongVest of any sale by the foregoing promptly upon receiving notice from such third parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Seller will not grant any rights or incur any obligations that are inconsistent with the rights granted herein or Seller's obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. Seller will maintain the power, right and authority to perform its obligations hereunder at all times during the Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k. Each Seller Agreement is: (i) in full force and effect as of the date hereof, and shall remain in effect throughout the entire Term and (ii) a valid and binding agreement between Seller and the applicable third party (e.g., Artist) wherein Seller is irrevocably entitled to receive and retain all Royalties with respect to the Assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l. At no time during the Term shall Seller terminate, rescind, revoke or attempt to terminate, rescind or revoke such Seller Agreement or any LOD without the prior written approval of SongVest.

SongVest hereby represents, warrants and covenants to the Seller that as of the date hereof SongVest has all necessary right, power, legal capacity and authority to (i) sell, market (directly or indirectly) advertise or promote securities as that term is understood by the U.S. Securities and Exchange Commission (SEC) including any related to the Portfolio, (ii) to effectuate the execution and delivery of this Agreement; (iii) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (iv) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. This Agreement is legal, valid, and binding upon SongVest and is enforceable in accordance with its terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. **Distribution**. Seller shall notify SongVest of any change in distributor, administrator, publisher, or other revenue source and shall cooperate fully to ensure uninterrupted payment of Royalties to SongVest, including execution of replacement LODs if required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **Change in Ownership; Sale of Portfolio.** In the event Seller sells, transfers, assigns, or otherwise disposes of the Portfolio, any of the Assets, or any interest therein, or if there is any change of ownership or control of Seller (each, a "Change of Control Transaction"), Seller shall, and shall cause any acquiring or successor owner to, promptly take all actions necessary to ensure SongVest continues to receive its applicable share of Royalties without interruption or diminution.

Without limiting the foregoing, Seller shall ensure that all required assignments, notices, letters of direction, payee change forms, and other documentation are executed and delivered directly to all applicable distributors, publishers, administrators, collection societies, digital service providers, and other revenue sources to provide for SongVest to be paid directly, or through a mutually agreed payment mechanism, its applicable pro rata share of Royalties. Any acquiring or successor owner shall automatically assume responsibility for the ongoing administration of the Assets and shall remit to SongVest all Royalties due pursuant to this Agreement **without any deduction, offset, recoupment, or administration fee of any kind**. Seller acknowledges that injunctive relief and specific performance may be appropriate remedies for any breach of this Section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. **Successors & Assigns**. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, permitted assigns, heirs, executors and administrators. Either party may assign this Agreement or any of its rights or obligations hereunder to a third party which agrees to assume the assigning party's obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. **Notices**. All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been given (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); or (c) on the third (3<sup>rd</sup>) day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications must be sent 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 6**):

---

| | |
|:---|:---|
| If to Seller: | [_] |
| If to SongVest: | RoyaltyTraders, LLC dba SongVest |
|  | 1053 East Whitaker Mill Road, Suite 115 |
|  | Raleigh, NC 27604 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. **Choice of Law**. This Agreement shall be governed by and construed in accordance with the laws of the State of Tennessee, USA (without regard to its conflicts of law doctrines) as if this Agreement were entered into and wholly to be performed therein. All actions arising out of or relating to this Agreement shall be brought in the State or Federal courts in Davidson County, Tennessee, and the parties hereby submit to the jurisdiction of such courts. If any legal action or other proceeding is brought for the enforcement of this Agreement or as a result of a breach, default or misrepresentation in connection with any of the provisions of this Agreement, the successful or prevailing party shall be entitled to recover reasonable attorneys' fees and other costs insured in such action or proceeding in addition to any other relief to which such party may be entitled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. **Entire Agreement; Modifications; Headings**. This Agreement, together with the Closing Documents, constitute the entire understanding between the Parties with respect to the transactions contemplated herein and supersede all other agreements and understandings between the Parties; provided, however, that in the event of any conflict, the terms of this Agreement shall prevail. No modification of this Agreement shall be valid unless in writing and signed by both Parties. The titles and headings of the various articles and sections in this Agreement are intended solely for convenience of reference and are not intended for any other purpose whatsoever or to explain, modify, or place any construction on any of the provisions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. **No Third-Party Beneficiary.** The Parties acknowledge and agree that each Investor is an intended third-party beneficiary solely with respect to the economic right to receive Royalties under this Agreement. Notwithstanding the foregoing, each Investor has irrevocably and exclusively delegated all rights to enforce this Agreement to SongVest Pursuant to the terms under which each Investor subscribes through the SongVest platform. The existence of third-party beneficiary status shall not expand the duties, liabilities, or remedies of Seller or Songvest beyond those expressly set forth herein, and all limitation of liabilities, waivers, and restrictions contained in this Agreement shall apply equally to any claim asserted for the benefit of Investors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. **Limitation of Liability.** To the maximum extent permitted by applicable law, neither SongVest nor the Seller shall by liable to the other for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, loss of revenue, loss of data, or loss of business opportunity, arising out of or relating to this Agreement, whether based on contract, tort (including negligence), strict liability, or any other legal theory, even if such party has been advised of the possibility of such damages. In no event shall SongVest's or the Seller's aggregate liability arising out of or related to this Agreement exceed the greater of (i) the Purchase Price, or (ii) the Royalties paid or payable under this Agreement in the twelve (12) month period immediately preceding the event giving rise to the claim. This limitation of liability shall not apply to SongVest's or the Seller's gross negligence or willful misconduct. For the avoidance of doubt, all limitations of liability and waivers set forth in this Agreement apply to any claims asserted for the benefit of Investors, whether directly or indirectly.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. **Counterparts; Facsimile Signatures**. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same instrument. A signed copy of this Agreement delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement.

[Signatures to be provided on following page]

IN WITNESS WHEREOF, the Parties have executed this Agreement under seal (each Party adopting the word "SEAL" as its true and lawful seal) as of the date first set forth above.

---

| | |
|:---|:---|
| **SongVest:** | **SongVest:** |
| RoyaltyTraders LLC dba SongVest | RoyaltyTraders LLC dba SongVest |
| By: | (SEAL) |
| Name: | Sean Peace |
| Title: | Founder/CEO |

---

---

| | |
|:---|:---|
| **Seller:** | **Seller:** |
| [_] | [_] |
| By: | (SEAL) |
| Name: | [_] |
| Title: | President |

---

**SCHEDULE A**

**PORTFOLIO/REVENUE SOURCES/PERCENTAGE INTERESTS**

1. **Royalty Period –** With respect to each Asset, commencing on <u>the date of the closing of the Offering</u> and ending upon <u>the expiration of copyright</u> in such Asset.

2. **Assets** – The following are the type(s) of Assets contained in the Portfolio:

---

| | | |
|:---|:---|:---|
| **TITLE** | **Song ID** | **SELLER'S % INTEREST** |
| "I Think I'm In Love" | See attached Exhibit B | 50% |

---

3. **Percentage Interests** – The Percentage Interest in Seller's Revenue Sources is a maximum of <u>Fifty Percent (50%)</u>, subject to clause 6, below.

4. **Revenue Sources** – The Revenue Sources from sales and/or exploitations of Assets are as follows:

---

| | |
|:---|:---|
| A. | Type: |
|  | **<u>Performance Royalties</u>** |
| B. | Share: |
|  | **<u>Writer's Share</u>** |

---

5. **Distributors –** The current Distributors, Labels, and/or PROs, as applicable, of Assets:

**<u>SOCAN - Currently Being Collected by [_]</u>**

6. **Purchase Price and Royalty Interest** – The Purchase Price shall be equal to either (i) the "Minimum: set forth below; (ii) the "Maximum" set forth below; or (iii) a number in between the "Minimum" and "Maximum" set forth below:

● <u>Minimum</u>: $<u>1.00</u>, which shall entitle SongVest to <u>1</u> % Royalty Interest in the Royalties **<sup>(1)</sup>** 

● <u>Maximum</u>: $<u>32,905.00</u>, which shall entitle SongVest to a <u>50</u> % Royalty Interest in the Royalties **<sup>(1)</sup>** 

7. **Artist** – The musical group or recording artist whose performances are embodied in the Asset(s) are:

"I Think I'm In Love"- "Kat Dahlia"

***(1)***  ***For any Purchase Price that falls between the Minimum or Maximum amounts set forth above, the Royalty Interest in the Royalties to which SongVest shall be entitled will be calculated by multiplying the Purchase Price by a fraction, for which the numerator shall be the Purchase Price, and the denominator shall be the Maximum amount set forth above.*** 

Sch. A-1

**SCHEDULE B: FEES AND EXPENSES**

SongVest intends to collect a fee equal to approximately 26% of the Purchase Price as compensation for its role in facilitating the Transaction.

The Purchase Price agreed to by the Seller herein is not reduced by the aforementioned fees. SongVest may elect to forego these fees at its sole discretion.

Sch. B-1

**EXHIBIT A**

[_] <br>Re: <u>Notice of Assignment of Income</u>

Gentlepersons:

Reference is made to the Royalty Option Agreement, effective as of the Effective Date (the 'Agreement') by and between [_], individually and on behalf of its affiliates (Collectively, the "Seller"), and RoyaltyTraders LLC, d/b/a Songvest (the "Purchaser"). Capitalized terms used herein which are not defined herein shall have the meanings ascribed thereto in the Agreement.

As evidenced by the Agreement, Purchaser has acquired from Seller, throughout the world, the exclusive right to receive and collect the applicable Royalty Interest (as defined in the Agreement and Schedule A) of Seller's share of royalties from the Performance Royalties (and other Assets) accrued and unpaid and hereafter accruing (the "Assigned Royalties"). Accordingly, from and after the applicable Closing Date(s), you are to remit to Purchaser all of the Assigned Royalties, regardless of when earned, to Purchaser, and send them along with any corresponding statements, notices and correspondence to:

RoyaltyTraders, LLC dba SongVest

Attn: Royalty Payments Dept.

1053 East Whitaker Road, Suite 115

Raleigh, NC 27604

Or electronically to <u>finance@songvest.com</u>

Please confirm your receipt of this notice.

Very Truly Yours,

[_]

**EXHIBIT B**

Complete Song ID List

---

| | |
|:---|:---|
| **Song ID** | **Title** |
| 80906153 | I Think I'm In Love |

---

## Ex1A-6

**Exhibit 6.39**

**ROYALTY OPTION AGREEMENT**

This Royalty Option Agreement ("**Agreement**") is entered into as of January 26, 2026, by and between RoyaltyTraders LLC dba SongVest, a Delaware limited liability company ("**SongVest**") at 1053 East Whitaker Rd Suite 115, Raleigh, NC 27604, and _____________ ("**Seller**") and, collectively with SongVest, the "**Parties.**"

WHEREAS, Seller is granting to SongVest an exclusive option to enter into the Transaction (as defined below);

WHEREAS, subject to satisfaction of the Option Threshold (as defined below), Seller will sell to SongVest the right to receive Royalties deriving from the Portfolio during the Royalty Periods (as listed on Schedule A), and SongVest will issue proceed rights units (each, a "**Unit**," and collectively, the "Proceed Rights") to third-party investors via the SongVest platform;

WHEREAS, the Parties desire to memorialize their agreement regarding the Royalties to be directed and paid to SongVest in exchange for payment of the Purchase Price to Seller;

NOW, THEREFORE, in consideration of the mutual covenants herein, the Parties agree as follows:

**Certain Defined Terms**. For purposes of this Agreement, the following terms shall have the meanings set forth below:

"**Assets**" means the assets contained in the Portfolio (e.g., Sound Recordings, Compositions) as listed on Schedule A attached hereto and made a part hereof.

"**Artist(s)**" means those recording artists whose musical performances are embodied in the Assets contained in the Portfolio, if any, and as set forth on Schedule A.

"**Compositions**" means those musical compositions the titles of which are set forth on Schedule A, if any.

"**Distributor(s)**" means any third-party distributor, including a record label or online digital distribution company, that sells, markets, and/or distributes sound recordings embodying the Assets.

"**Fees and Expenses**" means the fees and expenses, including Anticipated Fees, incurred by SongVest for its time and effort to place the Proceed Rights into the Offering and market the Units and Proceed Rights to the general public. Fees and Expenses include, without limitation, legal and other regulator costs related to completing the Offering memorandum and closing. Anticipated Fees are outlined in Schedule B, though actual Fees and Expenses may differ.

"**Net Revenue**" means the Royalties generated from the Portfolio Assets less any service fee charged by the Distributor (or other third party) and current taxes payable during the current period as withheld by the Distributor (or other third party) for the sole purpose of remittal to an entity with taxing authority in the normal course of business.

"**Offering**" means the offering held by SongVest via the Site wherein investors are issued the Units and Proceed Rights.

"**Option Threshold**" means $1.00.

"**Percentage Interest**" means the percentage of Seller's revenue that is available for SongVest to receive from the Seller with respect to the Revenue Sources, up to a maximum of fifty percent (50%) on "Last First Kiss" and up to a maximum of seventy five percent (75%) on "Nobody Cares", subject to clause 6 of Schedule A.

"**Portfolio**" means the portfolio of Assets as set forth on Schedule A.

"**PRO**" means Seller's public performance rights organization, if any.

"**Purchase Price**" means the purchase price for the Royalties by SongVest as set forth on Schedule A.

"**Sound Recordings**" means those sound recordings embodying the performances of Artist(s) and set forth on Schedule A, if any.

"**Revenue Sources**" means those sources of revenue earned and received by Seller and from which the Royalties are derived from the Assets, which may include, as set forth herein, streaming of the Sound Recordings, record sales, neighboring rights, licensing, or digital sales.

"**Royalty Period**" means, with respect to the Royalties, the period commencing with the initial payment of the Royalties to SongVest and ending on such date as set forth in Schedule A.

"**Royalties**" means the royalties payable to SongVest in connection with the Portfolio that derive from the Revenue Sources based on the Percentage Interest.

"**Royalty Interest**" means the percentage of the Royalties that SongVest is entitled to as set forth in Schedule A based on the Percentage Interest.

"**Seller Agreements**" means those agreements between Seller and third parties, including Artists and/or Distributors, wherein Seller is entitled to receive the Percentage Interest of all Assets.<br>

"**Streaming**" means the Net Revenue payable to Seller derived from the Portfolio (including all Assets) from Distributor, Artist, Publisher, and/or PRO, as applicable, from all digital streaming platforms (e.g., Spotify) and reported by any source (digital service providers, SoundExchange, Distributor or other companies collecting streaming income on the Portfolio).

"**Term**" means the term of this Agreement, which Term shall commence on the date of signature of this Agreement and continue until the earlier of (a) the date that is twelve (12) months following the Effective Date, if the Option Threshold has not been satisfied by such date; or (b) the date on which all Royalties payable with respect to all Royalty Interests sold and closed hereunder have been paid in full to SongVest. For the avoidance of doubt, upon satisfaction of the Option Threshold, SongVest's option to enter into the Transaction shall be deemed exercised, and the Term shall continue through the expiration of all applicable Royalty Periods with respect to Royalty Interests sold and closed, regardless of whether the Offering is completed or additional Royalty Interests are sold.

"**Videos**" means those audiovisual recordings of Sound Recordings and set forth on Schedule A, if any.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. **Transaction/Offering.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller hereby grants to SongVest the exclusive right during the Term to conduct the Offering. SongVest may conduct the Offering in one or more closings, including on a rolling or quarterly basis, in SongVest's sole discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The Parties acknowledge and agree that the **Option Threshold shall be deemed satisfied upon the funding of at least One Dollar ($1.00)**. Upon satisfaction of the Option Threshold, SongVest's option shall be deemed exercised with respect to the Royalty Interests sold and closed from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The Offering may be closed in one or more closings (each, a "**Closing** "). At each Closing, Seller shall irrevocably assign, grant, and convey to SongVest the applicable pro rata Royalty Interest corresponding solely to the portion of the Purchase Price funded at such Closing, as further set forth on Schedule A. No Royalty Interest shall vest or accrue except with respect to amounts actually sold and closed. Royalties attributable to Royalty Interests sold at a given Closing shall accrue only from and after such Closing and shall not relate back to any prior period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Promptly following each Closing, and in any event within five (5) business days of such Closing, SongVest shall remit to Seller the Purchase Price (without any deduction or set-off) funded at such Closing, in accordance with the payment instructions provided to SongVest by Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **Royalties**. Seller agrees that, during the applicable Royalty Periods, all Royalties derived from the Portfolio Assets and applicable Revenue Sources shall be paid or directed to SongVest in accordance with this Agreement and Schedule A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. **Administration Election:** Seller shall administer Royalties in one of the following manners, as elected by Seller in writing (Seller hereby elects option (ii)(Seller Administration)):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. **Letters of Direction ("LODs").** Seller shall execute and maintain irrevocable letters of direction directing applicable distributors, publishers, administrators, PROs, and other revenue sources to remit directly to SongVest the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed; **or** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. **Seller Administration.** Seller shall continue to administer and collect all Royalties and shall remit to SongVest, on a quarterly basis (or such other period as set forth on Schedule A), the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed.

Unless and until the Parties mutually agree otherwise in writing, Seller may continue Seller Administration indefinitely, including following the completion of the Offering.

Notwithstanding anything herein to the contrary, Seller shall only be required to execute or maintain Letters of Direction to the extent Seller elects LOD-based administration pursuant to this Section or as otherwise required under the "Change in Ownership; Sale of Fund" section below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. **Third-Party Noncompliance:** Seller shall use commercially reasonable efforts to cause applicable third parties to comply with the elected administration method. In the event of any failure by a third party to remit Royalties as required, Seller shall remain responsible for remitting to SongVest the applicable Royalties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. **Audit and Reporting:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. If Seller elects Letters of Direction ("LODs") pursuant to the Administration Election above (or if LODs are required under the "Change in Ownership; Sale of Fund" section below), Seller shall execute and maintain irrevocable letters of direction ("LOD"), a copy of which is attached hereto as Exhibit A, directing Distributor, Artist, Publisher, PRO and/or other third party, as applicable, to account and pay to SongVest the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed for the entire Royalty Period at the same time and on the same terms as such party is required to account to Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. If Seller elects Seller Administration pursuant to the Administration Election above (or if Seller elects Letters of Direction ("LODs") pursuant to the Administration Election above (or if LODs are required under the "Change in Ownership; Sale of Fund" section below), and if Distributor, Artist, Publisher, PRO and/or other third party, as applicable, fails to account or pay Royalties to SongVest directly as required hereunder and instead pays such Royalties to Seller), Seller shall account to SongVest via a statement and pay all Royalties earned and received by Seller during such period no later than thirty (30) days after receipt by Seller of such Royalties. All payments shall be made to SongVest via wire transfer of immediately available funds pursuant to SongVest's written instructions for same. In the event Seller conducts an audit of any of Distributor's or Artist's (or other distributor's, publishers, PRO's or licenses) books and records regarding the sale of any Asset in the Portfolio at any time during the Term, Seller shall notify SongVest thereof and allow, to the extent Seller has the right to allow, SongVest to participate in such audit as it relates to sales of Portfolio. In the event Seller receives any proceeds or awards from any such audit or other claim relating to the Portfolio, Seller will immediately notify SongVest thereof and pay to SongVest its proportionate share of the proceeds (subject to a deduction therefrom of Seller's actual, verifiable costs in conducting such audit or claim). Upon SongVest's request therefor and subject to SongVest covering the costs thereof, Seller agrees, to the extent Seller has the right to do so, to conduct an audit of Distributor's or Artist's books and records related solely to accountings in connection with Royalties hereunder. In the event such audit reveals an underpayment of any monies due and payable in connection with Assets that were the subject of such audit, Seller shall ensure that such additional monies are collected and paid directly to SongVest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. At any time within two (2) years after any statement is rendered to SongVest hereunder, SongVest shall have the right to, upon thirty (30) days written notice, examine Seller's books and records with respect to such statement. Such examination shall be at SongVest's sole cost and expense, by a certified public accountant or other qualified representative designated by SongVest. Such examination shall be made during Seller's usual business hours at the place where Seller maintains the books and records which relate to the Portfolio and which are necessary to verify the accuracy of the statement. Seller shall have no obligation to produce such books and records more than once with respect to each statement rendered to SongVest. Unless notice shall have been given to Seller as provided hereinabove, each royalty statement rendered to SongVest shall be final, conclusive and binding on SongVest and shall constitute an account stated. SongVest shall be foreclosed from maintaining any action, claim or proceeding against Seller in any forum or tribunal with respect to any statement or accounting rendered hereunder unless such action, claim or proceeding is commenced against Seller in a court of competent jurisdiction within eighteen (18) months after the date such statement or accounting is rendered. All audit, accounting, reporting, payment timing, and interest provisions shall apply on a pro rata basis solely with respect to Royalty Interests sold and closed from time to time pursuant to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. At any time within two (2) years after any payment is rendered to Seller by SongVest hereunder, Seller shall have the right to, upon thirty (30) days written notice, examine SongVest's books and records with respect to such payment. Such examination shall be at SongVest's sole cost and expense, by a certified public accountant or other qualified representative designated by SongVest. Such examination shall be made during SongVest's usual business hours at the place where SongVest maintains the books and records which relate to the Offering and which are necessary to verify the accuracy of the payment to Seller. SongVest shall have no obligation to produce such books and records more than once with respect to each payment made to Seller. Unless notice shall have been given to SongVest as provided hereinabove, each payment rendered to Seller shall be final, conclusive and binding on Seller and shall constitute an account stated. Seller shall be foreclosed from maintaining any action, claim or proceeding against SongVest in any forum or tribunal with respect to any payment rendered to Seller hereunder unless such action, claim or proceeding is commenced against SongVest in a court of competent jurisdiction within twenty-four (24) months after the date such payment is received by Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **Seller's Representations, Warranties and Covenants**. The Seller hereby represents, warrants and covenants to SongVest that as of the date hereof:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller: (i) owns and/or has the irrevocable, exclusive right to receive the Royalties free and clear of any mortgage, pledge, lien, charge, security interest, encumbrance, restriction or adverse claim of any nature whatsoever (collectively, "Liens"), other than any tax obligation that Seller must satisfy in connection with the purchase and sale of the Royalties hereunder, (ii) is not aware of any Liens being asserted against the Royalties, (iii) has not consented to the imposition of any Liens on the Royalties and (iv) has not sold, assigned, transferred or otherwise encumbered any of Seller's rights in the Royalties to any person or entity other than SongVest;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Seller is competent to enter into (and understands the terms of) this Agreement and has been represented by tax and accounting advisors and legal counsel in the negotiation and execution of this Agreement, or knowingly waived Seller's right to do so;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Seller intends to (and shall) fully and timely satisfy all tax obligations of Seller flowing from this Agreement from the proceeds Seller receives from SongVest hereunder; In the event Seller fails to satisfy tax obligations flowing from this Agreement, SongVest will not be subject to liability on behalf of Seller;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Seller shall indemnify, defend and hold harmless SongVest, its agents, attorneys, employees, officers, directors, successors and assigns (collectively, the Indemnified Parties") from and against all claims, losses, damages, penalties, judgments, lawsuits and all related costs and expenses of any nature (including legal fees and costs) (collectively, "Costs") which may be incurred by or asserted against any of the Indemnified Parties arising out of, related to, or in connection with any breach or alleged breach by Seller of Seller's obligations, agreements, covenants, representations and/or warranties in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Seller has all necessary right, power, legal capacity and authority, and all necessary actions on the part of Seller (including action required to be taken by Seller's officers, directors, shareholders, trustees, executors or representatives) have been duly and validly taken to authorize Seller: (i) to own the Royalties; (ii) to sell, assign and transfer the Royalties as provided herein; (iii) to effectuate the execution and delivery of this Agreement; (iv) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (v) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. No approvals or consents of any persons or entities other than Seller are necessary in connection therewith, including, without limitation, any approval or consent by the Artists, Distributor, any co-writers or owners of the Assets, and/or any third-party publishers or PRO's, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. As of the date of execution of this Agreement, Seller has no outstanding, unrecouped, and/or unearned advances in respect of or affecting the Royalties and, at no time during the Term will Seller enter into any agreement affecting the payment of Royalties hereunder, including, without limitation, any agreement whereby Seller receives any advance or other monies that are recoupable from (or otherwise reduce) Royalties payable hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. All federal, state and local taxes accrued or owing by Seller to and including the date of execution of this Agreement arising out of or in connection with the Royalties, including without limitation any sales or transfer taxes resulting from the transaction contemplated herein, if any, have been or will be paid or caused to be paid by Seller. The Royalties are free and clear of any and all liens, charges, mortgages, pledges, claims, encumbrances, obligations or liabilities of any kind or nature whatsoever whether accrued, absolute, contingent or otherwise, which would negatively affect the transfer to SongVest of the right to receive the Royalties hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Throughout the Term, Seller shall not take any voluntary action intended to materially impair, delay, or reduce the Royalties payable to SongVest pursuant to this Agreement. The foregoing restriction shall not apply to any of Sellers's distributors, Publishers, or PROs, provided Seller shall provide written notice to SongVest of any sale by the foregoing promptly upon receiving notice from such third parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Seller will not grant any rights or incur any obligations that are inconsistent with the rights granted herein or Seller's obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. Seller will maintain the power, right and authority to perform its obligations hereunder at all times during the Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k. Each Seller Agreement is: (i) in full force and effect as of the date hereof, and shall remain in effect throughout the entire Term and (ii) a valid and binding agreement between Seller and the applicable third party (e.g., Artist) wherein Seller is irrevocably entitled to receive and retain all Royalties with respect to the Assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l. At no time during the Term shall Seller terminate, rescind, revoke or attempt to terminate, rescind or revoke such Seller Agreement or any LOD without the prior written approval of SongVest.

SongVest hereby represents, warrants and covenants to the Seller that as of the date hereof SongVest has all necessary right, power, legal capacity and authority to (i) sell, market (directly or indirectly) advertise or promote securities as that term is understood by the U.S. Securities and Exchange Commission (SEC) including any related to the Portfolio, (ii) to effectuate the execution and delivery of this Agreement; (iii) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (iv) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. This Agreement is legal, valid, and binding upon SongVest and is enforceable in accordance with its terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. **Distribution**. Seller shall notify SongVest of any change in distributor, administrator, publisher, or other revenue source and shall cooperate fully to ensure uninterrupted payment of Royalties to SongVest, including execution of replacement LODs if required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **Change in Ownership; Sale of Portfolio.** In the event Seller sells, transfers, assigns, or otherwise disposes of the Portfolio, any of the Assets, or any interest therein, or if there is any change of ownership or control of Seller (each, a "Change of Control Transaction"), Seller shall, and shall cause any acquiring or successor owner to, promptly take all actions necessary to ensure SongVest continues to receive its applicable share of Royalties without interruption or diminution.

Without limiting the foregoing, Seller shall ensure that all required assignments, notices, letters of direction, payee change forms, and other documentation are executed and delivered directly to all applicable distributors, publishers, administrators, collection societies, digital service providers, and other revenue sources to provide for SongVest to be paid directly, or through a mutually agreed payment mechanism, its applicable pro rata share of Royalties. Any acquiring or successor owner shall automatically assume responsibility for the ongoing administration of the Assets and shall remit to SongVest all Royalties due pursuant to this Agreement **without any deduction, offset, recoupment, or administration fee of any kind**. Seller acknowledges that injunctive relief and specific performance may be appropriate remedies for any breach of this Section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. **Successors & Assigns**. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, permitted assigns, heirs, executors and administrators. Either party may assign this Agreement or any of its rights or obligations hereunder to a third party which agrees to assume the assigning party's obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. **Notices**. All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been given (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); or (c) on the third (3<sup>rd</sup>) day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications must be sent 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 6**):

---

| | |
|:---|:---|
| If to Seller: | [_] |
| If to SongVest: | RoyaltyTraders, LLC dba SongVest |
|  | 1053 East Whitaker Mill Road, Suite 115 |
|  | Raleigh, NC 27604 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. **Choice of Law**. This Agreement shall be governed by and construed in accordance with the laws of the State of Tennessee, USA (without regard to its conflicts of law doctrines) as if this Agreement were entered into and wholly to be performed therein. All actions arising out of or relating to this Agreement shall be brought in the State or Federal courts in Davidson County, Tennessee, and the parties hereby submit to the jurisdiction of such courts. If any legal action or other proceeding is brought for the enforcement of this Agreement or as a result of a breach, default or misrepresentation in connection with any of the provisions of this Agreement, the successful or prevailing party shall be entitled to recover reasonable attorneys' fees and other costs insured in such action or proceeding in addition to any other relief to which such party may be entitled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. **Entire Agreement; Modifications; Headings**. This Agreement, together with the Closing Documents, constitute the entire understanding between the Parties with respect to the transactions contemplated herein and supersede all other agreements and understandings between the Parties; provided, however, that in the event of any conflict, the terms of this Agreement shall prevail. No modification of this Agreement shall be valid unless in writing and signed by both Parties. The titles and headings of the various articles and sections in this Agreement are intended solely for convenience of reference and are not intended for any other purpose whatsoever or to explain, modify, or place any construction on any of the provisions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. **No Third-Party Beneficiary.** The Parties acknowledge and agree that each Investor is an intended third-party beneficiary solely with respect to the economic right to receive Royalties under this Agreement. Notwithstanding the foregoing, each Investor has irrevocably and exclusively delegated all rights to enforce this Agreement to SongVest Pursuant to the terms under which each Investor subscribes through the SongVest platform. The existence of third-party beneficiary status shall not expand the duties, liabilities, or remedies of Seller or Songvest beyond those expressly set forth herein, and all limitation of liabilities, waivers, and restrictions contained in this Agreement shall apply equally to any claim asserted for the benefit of Investors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. **Limitation of Liability.** To the maximum extent permitted by applicable law, neither SongVest nor the Seller shall by liable to the other for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, loss of revenue, loss of data, or loss of business opportunity, arising out of or relating to this Agreement, whether based on contract, tort (including negligence), strict liability, or any other legal theory, even if such party has been advised of the possibility of such damages. In no event shall SongVest's or the Seller's aggregate liability arising out of or related to this Agreement exceed the greater of (i) the Purchase Price, or (ii) the Royalties paid or payable under this Agreement in the twelve (12) month period immediately preceding the event giving rise to the claim. This limitation of liability shall not apply to SongVest's or the Seller's gross negligence or willful misconduct. For the avoidance of doubt, all limitations of liability and waivers set forth in this Agreement apply to any claims asserted for the benefit of Investors, whether directly or indirectly.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. **Counterparts; Facsimile Signatures**. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same instrument. A signed copy of this Agreement delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement.

[Signatures to be provided on following page]

IN WITNESS WHEREOF, the Parties have executed this Agreement under seal (each Party adopting the word "SEAL" as its true and lawful seal) as of the date first set forth above.

---

| | |
|:---|:---|
| **SongVest:** | **SongVest:** |
| RoyaltyTraders LLC dba SongVest | RoyaltyTraders LLC dba SongVest |
| By: | (SEAL) |
| Name: | Sean Peace |
| Title: | Founder/CEO |

---

---

| | |
|:---|:---|
| **Seller:** | **Seller:** |
| [_] | [_] |
| By: | (SEAL) |
| Name: | [_] |
| Title: | President |

---

**SCHEDULE A**

**PORTFOLIO/REVENUE SOURCES/PERCENTAGE INTERESTS**

1. **Royalty Period –** With respect to each Asset, commencing on <u>the date of the closing of the Offering</u> and ending upon <u>the expiration of copyright</u> in such Asset.

2. **Assets** – The following are the type(s) of Assets contained in the Portfolio:

---

| | | |
|:---|:---|:---|
| **TITLE** | **Song ID** | **SELLER'S % INTEREST** |
| "Last First Kiss"<br> "Nobody Compares" | See attached Exhibit B | 50%<br> 75% |

---

3. **Percentage Interests** – The Percentage Interest in Seller's Revenue Sources is a maximum of <u>Fifty Percent (50%) for "Last First Kiss" and a maximum of Seventy- Five Percent (75%) for "Nobody Compares"</u>, subject to clause 6, below.

4. **Revenue Sources** – The Revenue Sources from sales and/or exploitations of Assets are as follows:

---

| | |
|:---|:---|
| A. | Type: |
|  | **<u>Master Recording Royalties</u>** |
| B. | Share: |
|  | **<u>Producer's Share</u>** |

---

5. **Distributors –** The current Distributors, Labels, and/or PROs, as applicable, of Assets:

**<u>Sony Music - Currently Being Collected by [_]</u>**

6. **Purchase Price and Royalty Interest** – The Purchase Price shall be equal to either (i) the "Minimum: set forth below; (ii) the "Maximum" set forth below; or (iii) a number in between the "Minimum" and "Maximum" set forth below:

● <u>Minimum</u>: $<u>1.00</u>, which shall entitle SongVest to <u>1</u> % Royalty Interest in the Royalties **<sup>(1)</sup>** 

● <u>Maximum</u>: $<u>17,609.00</u>, which shall entitle SongVest to a <u>50</u> %/75% (see details Above) Royalty Interest in the Royalties **<sup>(1)</sup>** 

7. **Artist** – The musical group or recording artist whose performances are embodied in the Asset(s) are:

"Nobody Compares"- "One Direction"

"Last First Kiss"-"One Direction"

***(1)***  ***For any Purchase Price that falls between the Minimum or Maximum amounts set forth above, the Royalty Interest in the Royalties to which SongVest shall be entitled will be calculated by multiplying the Purchase Price by a fraction, for which the numerator shall be the Purchase Price, and the denominator shall be the Maximum amount set forth above.*** 

Sch. A-1

**SCHEDULE B: FEES AND EXPENSES**

SongVest intends to collect a fee equal to approximately 26% of the Purchase Price as compensation for its role in facilitating the Transaction.

The Purchase Price agreed to by the Seller herein is not reduced by the aforementioned fees. SongVest may elect to forego these fees at its sole discretion.

Sch. B-1

**EXHIBIT A**

[_] <br>Re: <u>Notice of Assignment of Income</u>

Gentlepersons:

Reference is made to the Royalty Option Agreement, effective as of the Effective Date (the 'Agreement') by and between [_], individually and on behalf of its affiliates (Collectively, the "Seller"), and RoyaltyTraders LLC, d/b/a Songvest (the "Purchaser"). Capitalized terms used herein which are not defined herein shall have the meanings ascribed thereto in the Agreement.

As evidenced by the Agreement, Purchaser has acquired from Seller, throughout the world, the exclusive right to receive and collect the applicable Royalty Interest (as defined in the Agreement and Schedule A) of Seller's share of royalties from the Performance Royalties (and other Assets) accrued and unpaid and hereafter accruing (the "Assigned Royalties"). Accordingly, from and after the applicable Closing Date(s), you are to remit to Purchaser all of the Assigned Royalties, regardless of when earned, to Purchaser, and send them along with any corresponding statements, notices and correspondence to:

RoyaltyTraders, LLC dba SongVest

Attn: Royalty Payments Dept.

1053 East Whitaker Road, Suite 115

Raleigh, NC 27604

Or electronically to <u>finance@songvest.com</u>

Please confirm your receipt of this notice.

Very Truly Yours,

[_]

**EXHIBIT B**

Complete Song ID List

---

| | |
|:---|:---|
| **Title** | **ISRC** |
| LAST FIRST KISS | GBHMU1200555 |
| LAST FIRST KISS | GBHMU1200376 |
| NOBODY COMPARES | GBHMU1200365 |

---

## Ex1A-6

**Exhibit 6.40**

**ROYALTY OPTION AGREEMENT**

This Royalty Option Agreement ("**Agreement**") is entered into as of January 26, 2026, by and between RoyaltyTraders LLC dba SongVest, a Delaware limited liability company ("**SongVest**") at 1053 East Whitaker Rd Suite 115, Raleigh, NC 27604, and [_] ("**Seller**") and, collectively with SongVest, the "**Parties.**"

WHEREAS, Seller is granting to SongVest an exclusive option to enter into the Transaction (as defined below);

WHEREAS, subject to satisfaction of the Option Threshold (as defined below), Seller will sell to SongVest the right to receive Royalties deriving from the Portfolio during the Royalty Periods (as listed on Schedule A), and SongVest will issue proceed rights units (each, a "**Unit**," and collectively, the "Proceed Rights") to third-party investors via the SongVest platform;

WHEREAS, the Parties desire to memorialize their agreement regarding the Royalties to be directed and paid to SongVest in exchange for payment of the Purchase Price to Seller;

NOW, THEREFORE, in consideration of the mutual covenants herein, the Parties agree as follows:

**Certain Defined Terms**. For purposes of this Agreement, the following terms shall have the meanings set forth below:

"**Assets**" means the assets contained in the Portfolio (e.g., Sound Recordings, Compositions) as listed on Schedule A attached hereto and made a part hereof.

"**Artist(s)**" means those recording artists whose musical performances are embodied in the Assets contained in the Portfolio, if any, and as set forth on Schedule A.

"**Compositions**" means those musical compositions the titles of which are set forth on Schedule A, if any.

"**Distributor(s)**" means any third-party distributor, including a record label or online digital distribution company, that sells, markets, and/or distributes sound recordings embodying the Assets.

"**Fees and Expenses**" means the fees and expenses, including Anticipated Fees, incurred by SongVest for its time and effort to place the Proceed Rights into the Offering and market the Units and Proceed Rights to the general public. Fees and Expenses include, without limitation, legal and other regulator costs related to completing the Offering memorandum and closing. Anticipated Fees are outlined in Schedule B, though actual Fees and Expenses may differ.

"**Net Revenue**" means the Royalties generated from the Portfolio Assets less any service fee charged by the Distributor (or other third party) and current taxes payable during the current period as withheld by the Distributor (or other third party) for the sole purpose of remittal to an entity with taxing authority in the normal course of business.

"**Offering**" means the offering held by SongVest via the Site wherein investors are issued the Units and Proceed Rights.

"**Option Threshold**" means $1.00.

"**Percentage Interest**" means the percentage of Seller's revenue that is available for SongVest to receive from the Seller with respect to the Revenue Sources, up to a maximum of fifty percent (50%), subject to clause 6 of Schedule A.

"**Portfolio**" means the portfolio of Assets as set forth on Schedule A.

"**PRO**" means Seller's public performance rights organization, if any.

"**Purchase Price**" means the purchase price for the Royalties by SongVest as set forth on Schedule A.

"**Sound Recordings**" means those sound recordings embodying the performances of Artist(s) and set forth on Schedule A, if any.

"**Revenue Sources**" means those sources of revenue earned and received by Seller and from which the Royalties are derived from the Assets, which may include, as set forth herein, streaming of the Sound Recordings, record sales, neighboring rights, licensing, or digital sales.

"**Royalty Period**" means, with respect to the Royalties, the period commencing with the initial payment of the Royalties to SongVest and ending on such date as set forth in Schedule A.

"**Royalties**" means the royalties payable to SongVest in connection with the Portfolio that derive from the Revenue Sources based on the Percentage Interest.

"**Royalty Interest**" means the percentage of the Royalties that SongVest is entitled to as set forth in Schedule A based on the Percentage Interest.

"**Seller Agreements**" means those agreements between Seller and third parties, including Artists and/or Distributors, wherein Seller is entitled to receive the Percentage Interest of all Assets.<br>

"**Streaming**" means the Net Revenue payable to Seller derived from the Portfolio (including all Assets) from Distributor, Artist, Publisher, and/or PRO, as applicable, from all digital streaming platforms (e.g., Spotify) and reported by any source (digital service providers, SoundExchange, Distributor or other companies collecting streaming income on the Portfolio).

"**Term**" means the term of this Agreement, which Term shall commence on the date of signature of this Agreement and continue until the earlier of (a) the date that is twelve (12) months following the Effective Date, if the Option Threshold has not been satisfied by such date; or (b) the date on which all Royalties payable with respect to all Royalty Interests sold and closed hereunder have been paid in full to SongVest. For the avoidance of doubt, upon satisfaction of the Option Threshold, SongVest's option to enter into the Transaction shall be deemed exercised, and the Term shall continue through the expiration of all applicable Royalty Periods with respect to Royalty Interests sold and closed, regardless of whether the Offering is completed or additional Royalty Interests are sold.

"**Videos**" means those audiovisual recordings of Sound Recordings and set forth on Schedule A, if any.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. **Transaction/Offering.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller hereby grants to SongVest the exclusive right during the Term to conduct the Offering. SongVest may conduct the Offering in one or more closings, including on a rolling or quarterly basis, in SongVest's sole discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The Parties acknowledge and agree that the **Option Threshold shall be deemed satisfied upon the funding of at least One Dollar ($1.00)**. Upon satisfaction of the Option Threshold, SongVest's option shall be deemed exercised with respect to the Royalty Interests sold and closed from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The Offering may be closed in one or more closings (each, a "**Closing** "). At each Closing, Seller shall irrevocably assign, grant, and convey to SongVest the applicable pro rata Royalty Interest corresponding solely to the portion of the Purchase Price funded at such Closing, as further set forth on Schedule A. No Royalty Interest shall vest or accrue except with respect to amounts actually sold and closed. Royalties attributable to Royalty Interests sold at a given Closing shall accrue only from and after such Closing and shall not relate back to any prior period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Promptly following each Closing, and in any event within five (5) business days of such Closing, SongVest shall remit to Seller the Purchase Price (without any deduction or set-off) funded at such Closing, in accordance with the payment instructions provided to SongVest by Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **Royalties**. Seller agrees that, during the applicable Royalty Periods, all Royalties derived from the Portfolio Assets and applicable Revenue Sources shall be paid or directed to SongVest in accordance with this Agreement and Schedule A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. **Administration Election:** Seller shall administer Royalties in one of the following manners, as elected by Seller in writing (Seller hereby elects option (ii)(Seller Administration)):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. **Letters of Direction ("LODs").** Seller shall execute and maintain irrevocable letters of direction directing applicable distributors, publishers, administrators, PROs, and other revenue sources to remit directly to SongVest the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed; **or** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. **Seller Administration.** Seller shall continue to administer and collect all Royalties and shall remit to SongVest, on a quarterly basis (or such other period as set forth on Schedule A), the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed.

Unless and until the Parties mutually agree otherwise in writing, Seller may continue Seller Administration indefinitely, including following the completion of the Offering.

Notwithstanding anything herein to the contrary, Seller shall only be required to execute or maintain Letters of Direction to the extent Seller elects LOD-based administration pursuant to this Section or as otherwise required under the "Change in Ownership; Sale of Fund" section below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. **Third-Party Noncompliance:** Seller shall use commercially reasonable efforts to cause applicable third parties to comply with the elected administration method. In the event of any failure by a third party to remit Royalties as required, Seller shall remain responsible for remitting to SongVest the applicable Royalties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. **Audit and Reporting:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. If Seller elects Letters of Direction ("LODs") pursuant to the Administration Election above (or if LODs are required under the "Change in Ownership; Sale of Fund" section below), Seller shall execute and maintain irrevocable letters of direction ("LOD"), a copy of which is attached hereto as Exhibit A, directing Distributor, Artist, Publisher, PRO and/or other third party, as applicable, to account and pay to SongVest the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed for the entire Royalty Period at the same time and on the same terms as such party is required to account to Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. If Seller elects Seller Administration pursuant to the Administration Election above (or if Seller elects Letters of Direction ("LODs") pursuant to the Administration Election above (or if LODs are required under the "Change in Ownership; Sale of Fund" section below), and if Distributor, Artist, Publisher, PRO and/or other third party, as applicable, fails to account or pay Royalties to SongVest directly as required hereunder and instead pays such Royalties to Seller), Seller shall account to SongVest via a statement and pay all Royalties earned and received by Seller during such period no later than thirty (30) days after receipt by Seller of such Royalties. All payments shall be made to SongVest via wire transfer of immediately available funds pursuant to SongVest's written instructions for same. In the event Seller conducts an audit of any of Distributor's or Artist's (or other distributor's, publishers, PRO's or licenses) books and records regarding the sale of any Asset in the Portfolio at any time during the Term, Seller shall notify SongVest thereof and allow, to the extent Seller has the right to allow, SongVest to participate in such audit as it relates to sales of Portfolio. In the event Seller receives any proceeds or awards from any such audit or other claim relating to the Portfolio, Seller will immediately notify SongVest thereof and pay to SongVest its proportionate share of the proceeds (subject to a deduction therefrom of Seller's actual, verifiable costs in conducting such audit or claim). Upon SongVest's request therefor and subject to SongVest covering the costs thereof, Seller agrees, to the extent Seller has the right to do so, to conduct an audit of Distributor's or Artist's books and records related solely to accountings in connection with Royalties hereunder. In the event such audit reveals an underpayment of any monies due and payable in connection with Assets that were the subject of such audit, Seller shall ensure that such additional monies are collected and paid directly to SongVest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. At any time within two (2) years after any statement is rendered to SongVest hereunder, SongVest shall have the right to, upon thirty (30) days written notice, examine Seller's books and records with respect to such statement. Such examination shall be at SongVest's sole cost and expense, by a certified public accountant or other qualified representative designated by SongVest. Such examination shall be made during Seller's usual business hours at the place where Seller maintains the books and records which relate to the Portfolio and which are necessary to verify the accuracy of the statement. Seller shall have no obligation to produce such books and records more than once with respect to each statement rendered to SongVest. Unless notice shall have been given to Seller as provided hereinabove, each royalty statement rendered to SongVest shall be final, conclusive and binding on SongVest and shall constitute an account stated. SongVest shall be foreclosed from maintaining any action, claim or proceeding against Seller in any forum or tribunal with respect to any statement or accounting rendered hereunder unless such action, claim or proceeding is commenced against Seller in a court of competent jurisdiction within eighteen (18) months after the date such statement or accounting is rendered. All audit, accounting, reporting, payment timing, and interest provisions shall apply on a pro rata basis solely with respect to Royalty Interests sold and closed from time to time pursuant to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. At any time within two (2) years after any payment is rendered to Seller by SongVest hereunder, Seller shall have the right to, upon thirty (30) days written notice, examine SongVest's books and records with respect to such payment. Such examination shall be at SongVest's sole cost and expense, by a certified public accountant or other qualified representative designated by SongVest. Such examination shall be made during SongVest's usual business hours at the place where SongVest maintains the books and records which relate to the Offering and which are necessary to verify the accuracy of the payment to Seller. SongVest shall have no obligation to produce such books and records more than once with respect to each payment made to Seller. Unless notice shall have been given to SongVest as provided hereinabove, each payment rendered to Seller shall be final, conclusive and binding on Seller and shall constitute an account stated. Seller shall be foreclosed from maintaining any action, claim or proceeding against SongVest in any forum or tribunal with respect to any payment rendered to Seller hereunder unless such action, claim or proceeding is commenced against SongVest in a court of competent jurisdiction within twenty-four (24) months after the date such payment is received by Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **Seller's Representations, Warranties and Covenants**. The Seller hereby represents, warrants and covenants to SongVest that as of the date hereof:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller: (i) owns and/or has the irrevocable, exclusive right to receive the Royalties free and clear of any mortgage, pledge, lien, charge, security interest, encumbrance, restriction or adverse claim of any nature whatsoever (collectively, "Liens"), other than any tax obligation that Seller must satisfy in connection with the purchase and sale of the Royalties hereunder, (ii) is not aware of any Liens being asserted against the Royalties, (iii) has not consented to the imposition of any Liens on the Royalties and (iv) has not sold, assigned, transferred or otherwise encumbered any of Seller's rights in the Royalties to any person or entity other than SongVest;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Seller is competent to enter into (and understands the terms of) this Agreement and has been represented by tax and accounting advisors and legal counsel in the negotiation and execution of this Agreement, or knowingly waived Seller's right to do so;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Seller intends to (and shall) fully and timely satisfy all tax obligations of Seller flowing from this Agreement from the proceeds Seller receives from SongVest hereunder; In the event Seller fails to satisfy tax obligations flowing from this Agreement, SongVest will not be subject to liability on behalf of Seller;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Seller shall indemnify, defend and hold harmless SongVest, its agents, attorneys, employees, officers, directors, successors and assigns (collectively, the Indemnified Parties") from and against all claims, losses, damages, penalties, judgments, lawsuits and all related costs and expenses of any nature (including legal fees and costs) (collectively, "Costs") which may be incurred by or asserted against any of the Indemnified Parties arising out of, related to, or in connection with any breach or alleged breach by Seller of Seller's obligations, agreements, covenants, representations and/or warranties in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Seller has all necessary right, power, legal capacity and authority, and all necessary actions on the part of Seller (including action required to be taken by Seller's officers, directors, shareholders, trustees, executors or representatives) have been duly and validly taken to authorize Seller: (i) to own the Royalties; (ii) to sell, assign and transfer the Royalties as provided herein; (iii) to effectuate the execution and delivery of this Agreement; (iv) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (v) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. No approvals or consents of any persons or entities other than Seller are necessary in connection therewith, including, without limitation, any approval or consent by the Artists, Distributor, any co-writers or owners of the Assets, and/or any third-party publishers or PRO's, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. As of the date of execution of this Agreement, Seller has no outstanding, unrecouped, and/or unearned advances in respect of or affecting the Royalties and, at no time during the Term will Seller enter into any agreement affecting the payment of Royalties hereunder, including, without limitation, any agreement whereby Seller receives any advance or other monies that are recoupable from (or otherwise reduce) Royalties payable hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. All federal, state and local taxes accrued or owing by Seller to and including the date of execution of this Agreement arising out of or in connection with the Royalties, including without limitation any sales or transfer taxes resulting from the transaction contemplated herein, if any, have been or will be paid or caused to be paid by Seller. The Royalties are free and clear of any and all liens, charges, mortgages, pledges, claims, encumbrances, obligations or liabilities of any kind or nature whatsoever whether accrued, absolute, contingent or otherwise, which would negatively affect the transfer to SongVest of the right to receive the Royalties hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Throughout the Term, Seller shall not take any voluntary action intended to materially impair, delay, or reduce the Royalties payable to SongVest pursuant to this Agreement. The foregoing restriction shall not apply to any of Sellers's distributors, Publishers, or PROs, provided Seller shall provide written notice to SongVest of any sale by the foregoing promptly upon receiving notice from such third parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Seller will not grant any rights or incur any obligations that are inconsistent with the rights granted herein or Seller's obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. Seller will maintain the power, right and authority to perform its obligations hereunder at all times during the Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k. Each Seller Agreement is: (i) in full force and effect as of the date hereof, and shall remain in effect throughout the entire Term and (ii) a valid and binding agreement between Seller and the applicable third party (e.g., Artist) wherein Seller is irrevocably entitled to receive and retain all Royalties with respect to the Assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l. At no time during the Term shall Seller terminate, rescind, revoke or attempt to terminate, rescind or revoke such Seller Agreement or any LOD without the prior written approval of SongVest.

SongVest hereby represents, warrants and covenants to the Seller that as of the date hereof SongVest has all necessary right, power, legal capacity and authority to (i) sell, market (directly or indirectly) advertise or promote securities as that term is understood by the U.S. Securities and Exchange Commission (SEC) including any related to the Portfolio, (ii) to effectuate the execution and delivery of this Agreement; (iii) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (iv) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. This Agreement is legal, valid, and binding upon SongVest and is enforceable in accordance with its terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. **Distribution**. Seller shall notify SongVest of any change in distributor, administrator, publisher, or other revenue source and shall cooperate fully to ensure uninterrupted payment of Royalties to SongVest, including execution of replacement LODs if required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **Change in Ownership; Sale of Portfolio.** In the event Seller sells, transfers, assigns, or otherwise disposes of the Portfolio, any of the Assets, or any interest therein, or if there is any change of ownership or control of Seller (each, a "Change of Control Transaction"), Seller shall, and shall cause any acquiring or successor owner to, promptly take all actions necessary to ensure SongVest continues to receive its applicable share of Royalties without interruption or diminution.

Without limiting the foregoing, Seller shall ensure that all required assignments, notices, letters of direction, payee change forms, and other documentation are executed and delivered directly to all applicable distributors, publishers, administrators, collection societies, digital service providers, and other revenue sources to provide for SongVest to be paid directly, or through a mutually agreed payment mechanism, its applicable pro rata share of Royalties. Any acquiring or successor owner shall automatically assume responsibility for the ongoing administration of the Assets and shall remit to SongVest all Royalties due pursuant to this Agreement **without any deduction, offset, recoupment, or administration fee of any kind**. Seller acknowledges that injunctive relief and specific performance may be appropriate remedies for any breach of this Section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. **Successors & Assigns**. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, permitted assigns, heirs, executors and administrators. Either party may assign this Agreement or any of its rights or obligations hereunder to a third party which agrees to assume the assigning party's obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. **Notices**. All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been given (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); or (c) on the third (3<sup>rd</sup>) day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications must be sent 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 6**):

---

| | |
|:---|:---|
| If to Seller: | [_] |
| If to SongVest: | RoyaltyTraders, LLC dba SongVest |
|  | 1053 East Whitaker Mill Road, Suite 115 |
|  | Raleigh, NC 27604 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. **Choice of Law**. This Agreement shall be governed by and construed in accordance with the laws of the State of Tennessee, USA (without regard to its conflicts of law doctrines) as if this Agreement were entered into and wholly to be performed therein. All actions arising out of or relating to this Agreement shall be brought in the State or Federal courts in Davidson County, Tennessee, and the parties hereby submit to the jurisdiction of such courts. If any legal action or other proceeding is brought for the enforcement of this Agreement or as a result of a breach, default or misrepresentation in connection with any of the provisions of this Agreement, the successful or prevailing party shall be entitled to recover reasonable attorneys' fees and other costs insured in such action or proceeding in addition to any other relief to which such party may be entitled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. **Entire Agreement; Modifications; Headings**. This Agreement, together with the Closing Documents, constitute the entire understanding between the Parties with respect to the transactions contemplated herein and supersede all other agreements and understandings between the Parties; provided, however, that in the event of any conflict, the terms of this Agreement shall prevail. No modification of this Agreement shall be valid unless in writing and signed by both Parties. The titles and headings of the various articles and sections in this Agreement are intended solely for convenience of reference and are not intended for any other purpose whatsoever or to explain, modify, or place any construction on any of the provisions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. **No Third-Party Beneficiary.** The Parties acknowledge and agree that each Investor is an intended third-party beneficiary solely with respect to the economic right to receive Royalties under this Agreement. Notwithstanding the foregoing, each Investor has irrevocably and exclusively delegated all rights to enforce this Agreement to SongVest Pursuant to the terms under which each Investor subscribes through the SongVest platform. The existence of third-party beneficiary status shall not expand the duties, liabilities, or remedies of Seller or Songvest beyond those expressly set forth herein, and all limitation of liabilities, waivers, and restrictions contained in this Agreement shall apply equally to any claim asserted for the benefit of Investors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. **Limitation of Liability.** To the maximum extent permitted by applicable law, neither SongVest nor the Seller shall by liable to the other for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, loss of revenue, loss of data, or loss of business opportunity, arising out of or relating to this Agreement, whether based on contract, tort (including negligence), strict liability, or any other legal theory, even if such party has been advised of the possibility of such damages. In no event shall SongVest's or the Seller's aggregate liability arising out of or related to this Agreement exceed the greater of (i) the Purchase Price, or (ii) the Royalties paid or payable under this Agreement in the twelve (12) month period immediately preceding the event giving rise to the claim. This limitation of liability shall not apply to SongVest's or the Seller's gross negligence or willful misconduct. For the avoidance of doubt, all limitations of liability and waivers set forth in this Agreement apply to any claims asserted for the benefit of Investors, whether directly or indirectly.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. **Counterparts; Facsimile Signatures**. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same instrument. A signed copy of this Agreement delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement.

[Signatures to be provided on following page]

IN WITNESS WHEREOF, the Parties have executed this Agreement under seal (each Party adopting the word "SEAL" as its true and lawful seal) as of the date first set forth above.

---

| | |
|:---|:---|
| **SongVest:** | **SongVest:** |
| RoyaltyTraders LLC dba SongVest | RoyaltyTraders LLC dba SongVest |
| By: | (SEAL) |
| Name: | Sean Peace |
| Title: | Founder/CEO |

---

---

| | |
|:---|:---|
| **Seller:** | **Seller:** |
| [_] | [_] |
| By: | (SEAL) |
| Name: | [_] |
| Title: | President |

---

**SCHEDULE A**

**PORTFOLIO/REVENUE SOURCES/PERCENTAGE INTERESTS**

1. **Royalty Period –** With respect to each Asset, commencing on <u>the date of the closing of the Offering</u> and ending upon <u>the expiration of copyright</u> in such Asset.

2. **Assets** – The following are the type(s) of Assets contained in the Portfolio:

---

| | | |
|:---|:---|:---|
| **TITLE** | **Song ID** | **SELLER'S % INTEREST** |
| "Kiss You" | See attached Exhibit B | 50% |

---

3. **Percentage Interests** – The Percentage Interest in Seller's Revenue Sources is a maximum of <u>Fifty Percent (50%)</u>, subject to clause 6, below.

4. **Revenue Sources** – The Revenue Sources from sales and/or exploitations of Assets are as follows:

---

| | |
|:---|:---|
| A. | Type: |
|  | **<u>Master Recording Royalties</u>** |
| B. | Share: |
|  | **<u>Producer's Share</u>** |

---

5. **Distributors –** The current Distributors, Labels, and/or PROs, as applicable, of Assets:

**<u>Sony Music - Currently Being Collected by [_]</u>**

6. **Purchase Price and Royalty Interest** – The Purchase Price shall be equal to either (i) the "Minimum: set forth below; (ii) the "Maximum" set forth below; or (iii) a number in between the "Minimum" and "Maximum" set forth below:

● <u>Minimum</u>: $<u>1.00</u>, which shall entitle SongVest to <u>1</u> % Royalty Interest in the Royalties **<sup>(1)</sup>** 

● <u>Maximum</u>: $<u>47,521.00</u>, which shall entitle SongVest to a <u>50</u> % Royalty Interest in the Royalties **<sup>(1)</sup>** 

7. **Artist** – The musical group or recording artist whose performances are embodied in the Asset(s) are:

"Kiss You"- "One Direction"

***(1)***  ***For any Purchase Price that falls between the Minimum or Maximum amounts set forth above, the Royalty Interest in the Royalties to which SongVest shall be entitled will be calculated by multiplying the Purchase Price by a fraction, for which the numerator shall be the Purchase Price, and the denominator shall be the Maximum amount set forth above.*** 

Sch. A-1

**SCHEDULE B: FEES AND EXPENSES**

SongVest intends to collect a fee equal to approximately 26% of the Purchase Price as compensation for its role in facilitating the Transaction.

The Purchase Price agreed to by the Seller herein is not reduced by the aforementioned fees. SongVest may elect to forego these fees at its sole discretion.

Sch. B-1

**EXHIBIT A**

[_] <br>Re: <u>Notice of Assignment of Income</u>

Gentlepersons:

Reference is made to the Royalty Option Agreement, effective as of the Effective Date (the 'Agreement') by and between [_], individually and on behalf of its affiliates (Collectively, the "Seller"), and RoyaltyTraders LLC, d/b/a Songvest (the "Purchaser"). Capitalized terms used herein which are not defined herein shall have the meanings ascribed thereto in the Agreement.

As evidenced by the Agreement, Purchaser has acquired from Seller, throughout the world, the exclusive right to receive and collect the applicable Royalty Interest (as defined in the Agreement and Schedule A) of Seller's share of royalties from the Performance Royalties (and other Assets) accrued and unpaid and hereafter accruing (the "Assigned Royalties"). Accordingly, from and after the applicable Closing Date(s), you are to remit to Purchaser all of the Assigned Royalties, regardless of when earned, to Purchaser, and send them along with any corresponding statements, notices and correspondence to:

RoyaltyTraders, LLC dba SongVest

Attn: Royalty Payments Dept.

1053 East Whitaker Road, Suite 115

Raleigh, NC 27604

Or electronically to <u>finance@songvest.com</u>

Please confirm your receipt of this notice.

Very Truly Yours,

[_]

**EXHIBIT B**

Complete Song ID List

---

| | |
|:---|:---|
| **Title** | **ISRC** |
| KISS YOU | GBHMU1300069 |
| KISS YOU | GBHMU1200552 |
| KISS YOU | GBHMU1200214 |

---

## Ex1A-6

**Exhibit 6.41**

**ROYALTY OPTION AGREEMENT**

This Royalty Option Agreement ("**Agreement**") is entered into as of January 26, 2026, by and between RoyaltyTraders LLC dba SongVest, a Delaware limited liability company ("**SongVest**") at 1053 East Whitaker Rd Suite 115, Raleigh, NC 27604, and _____________- ("**Seller**") and, collectively with SongVest, the "**Parties.**"

WHEREAS, Seller is granting to SongVest an exclusive option to enter into the Transaction (as defined below);

WHEREAS, subject to satisfaction of the Option Threshold (as defined below), Seller will sell to SongVest the right to receive Royalties deriving from the Portfolio during the Royalty Periods (as listed on Schedule A), and SongVest will issue proceed rights units (each, a "**Unit**," and collectively, the "Proceed Rights") to third-party investors via the SongVest platform;

WHEREAS, the Parties desire to memorialize their agreement regarding the Royalties to be directed and paid to SongVest in exchange for payment of the Purchase Price to Seller;

NOW, THEREFORE, in consideration of the mutual covenants herein, the Parties agree as follows:

**Certain Defined Terms**. For purposes of this Agreement, the following terms shall have the meanings set forth below:

"**Assets**" means the assets contained in the Portfolio (e.g., Sound Recordings, Compositions) as listed on Schedule A attached hereto and made a part hereof.

"**Artist(s)**" means those recording artists whose musical performances are embodied in the Assets contained in the Portfolio, if any, and as set forth on Schedule A.

"**Compositions**" means those musical compositions the titles of which are set forth on Schedule A, if any.

"**Distributor(s)**" means any third-party distributor, including a record label or online digital distribution company, that sells, markets, and/or distributes sound recordings embodying the Assets.

"**Fees and Expenses**" means the fees and expenses, including Anticipated Fees, incurred by SongVest for its time and effort to place the Proceed Rights into the Offering and market the Units and Proceed Rights to the general public. Fees and Expenses include, without limitation, legal and other regulator costs related to completing the Offering memorandum and closing. Anticipated Fees are outlined in Schedule B, though actual Fees and Expenses may differ.

"**Net Revenue**" means the Royalties generated from the Portfolio Assets less any service fee charged by the Distributor (or other third party) and current taxes payable during the current period as withheld by the Distributor (or other third party) for the sole purpose of remittal to an entity with taxing authority in the normal course of business.

"**Offering**" means the offering held by SongVest via the Site wherein investors are issued the Units and Proceed Rights.

"**Option Threshold**" means $1.00.

"**Percentage Interest**" means the percentage of Seller's revenue that is available for SongVest to receive from the Seller with respect to the Revenue Sources, up to a maximum of fifty percent (50%), subject to clause 6 of Schedule A.

"**Portfolio**" means the portfolio of Assets as set forth on Schedule A.

"**PRO**" means Seller's public performance rights organization, if any.

"**Purchase Price**" means the purchase price for the Royalties by SongVest as set forth on Schedule A.

"**Sound Recordings**" means those sound recordings embodying the performances of Artist(s) and set forth on Schedule A, if any.

"**Revenue Sources**" means those sources of revenue earned and received by Seller and from which the Royalties are derived from the Assets, which may include, as set forth herein, streaming of the Sound Recordings, record sales, neighboring rights, licensing, or digital sales.

"**Royalty Period**" means, with respect to the Royalties, the period commencing with the initial payment of the Royalties to SongVest and ending on such date as set forth in Schedule A.

"**Royalties**" means the royalties payable to SongVest in connection with the Portfolio that derive from the Revenue Sources based on the Percentage Interest.

"**Royalty Interest**" means the percentage of the Royalties that SongVest is entitled to as set forth in Schedule A based on the Percentage Interest.

"**Seller Agreements**" means those agreements between Seller and third parties, including Artists and/or Distributors, wherein Seller is entitled to receive the Percentage Interest of all Assets.<br>

"**Streaming**" means the Net Revenue payable to Seller derived from the Portfolio (including all Assets) from Distributor, Artist, Publisher, and/or PRO, as applicable, from all digital streaming platforms (e.g., Spotify) and reported by any source (digital service providers, SoundExchange, Distributor or other companies collecting streaming income on the Portfolio).

"**Term**" means the term of this Agreement, which Term shall commence on the date of signature of this Agreement and continue until the earlier of (a) the date that is twelve (12) months following the Effective Date, if the Option Threshold has not been satisfied by such date; or (b) the date on which all Royalties payable with respect to all Royalty Interests sold and closed hereunder have been paid in full to SongVest. For the avoidance of doubt, upon satisfaction of the Option Threshold, SongVest's option to enter into the Transaction shall be deemed exercised, and the Term shall continue through the expiration of all applicable Royalty Periods with respect to Royalty Interests sold and closed, regardless of whether the Offering is completed or additional Royalty Interests are sold.

"**Videos**" means those audiovisual recordings of Sound Recordings and set forth on Schedule A, if any.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. **Transaction/Offering.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller hereby grants to SongVest the exclusive right during the Term to conduct the Offering. SongVest may conduct the Offering in one or more closings, including on a rolling or quarterly basis, in SongVest's sole discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The Parties acknowledge and agree that the **Option Threshold shall be deemed satisfied upon the funding of at least One Dollar ($1.00)**. Upon satisfaction of the Option Threshold, SongVest's option shall be deemed exercised with respect to the Royalty Interests sold and closed from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The Offering may be closed in one or more closings (each, a "**Closing** "). At each Closing, Seller shall irrevocably assign, grant, and convey to SongVest the applicable pro rata Royalty Interest corresponding solely to the portion of the Purchase Price funded at such Closing, as further set forth on Schedule A. No Royalty Interest shall vest or accrue except with respect to amounts actually sold and closed. Royalties attributable to Royalty Interests sold at a given Closing shall accrue only from and after such Closing and shall not relate back to any prior period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Promptly following each Closing, and in any event within five (5) business days of such Closing, SongVest shall remit to Seller the Purchase Price (without any deduction or set-off) funded at such Closing, in accordance with the payment instructions provided to SongVest by Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **Royalties**. Seller agrees that, during the applicable Royalty Periods, all Royalties derived from the Portfolio Assets and applicable Revenue Sources shall be paid or directed to SongVest in accordance with this Agreement and Schedule A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. **Administration Election:** Seller shall administer Royalties in one of the following manners, as elected by Seller in writing (Seller hereby elects option (ii)(Seller Administration)):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. **Letters of Direction ("LODs").** Seller shall execute and maintain irrevocable letters of direction directing applicable distributors, publishers, administrators, PROs, and other revenue sources to remit directly to SongVest the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed; **or** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. **Seller Administration.** Seller shall continue to administer and collect all Royalties and shall remit to SongVest, on a quarterly basis (or such other period as set forth on Schedule A), the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed.

Unless and until the Parties mutually agree otherwise in writing, Seller may continue Seller Administration indefinitely, including following the completion of the Offering.

Notwithstanding anything herein to the contrary, Seller shall only be required to execute or maintain Letters of Direction to the extent Seller elects LOD-based administration pursuant to this Section or as otherwise required under the "Change in Ownership; Sale of Fund" section below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. **Third-Party Noncompliance:** Seller shall use commercially reasonable efforts to cause applicable third parties to comply with the elected administration method. In the event of any failure by a third party to remit Royalties as required, Seller shall remain responsible for remitting to SongVest the applicable Royalties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. **Audit and Reporting:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. If Seller elects Letters of Direction ("LODs") pursuant to the Administration Election above (or if LODs are required under the "Change in Ownership; Sale of Fund" section below), Seller shall execute and maintain irrevocable letters of direction ("LOD"), a copy of which is attached hereto as Exhibit A, directing Distributor, Artist, Publisher, PRO and/or other third party, as applicable, to account and pay to SongVest the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed for the entire Royalty Period at the same time and on the same terms as such party is required to account to Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. If Seller elects Seller Administration pursuant to the Administration Election above (or if Seller elects Letters of Direction ("LODs") pursuant to the Administration Election above (or if LODs are required under the "Change in Ownership; Sale of Fund" section below), and if Distributor, Artist, Publisher, PRO and/or other third party, as applicable, fails to account or pay Royalties to SongVest directly as required hereunder and instead pays such Royalties to Seller), Seller shall account to SongVest via a statement and pay all Royalties earned and received by Seller during such period no later than thirty (30) days after receipt by Seller of such Royalties. All payments shall be made to SongVest via wire transfer of immediately available funds pursuant to SongVest's written instructions for same. In the event Seller conducts an audit of any of Distributor's or Artist's (or other distributor's, publishers, PRO's or licenses) books and records regarding the sale of any Asset in the Portfolio at any time during the Term, Seller shall notify SongVest thereof and allow, to the extent Seller has the right to allow, SongVest to participate in such audit as it relates to sales of Portfolio. In the event Seller receives any proceeds or awards from any such audit or other claim relating to the Portfolio, Seller will immediately notify SongVest thereof and pay to SongVest its proportionate share of the proceeds (subject to a deduction therefrom of Seller's actual, verifiable costs in conducting such audit or claim). Upon SongVest's request therefor and subject to SongVest covering the costs thereof, Seller agrees, to the extent Seller has the right to do so, to conduct an audit of Distributor's or Artist's books and records related solely to accountings in connection with Royalties hereunder. In the event such audit reveals an underpayment of any monies due and payable in connection with Assets that were the subject of such audit, Seller shall ensure that such additional monies are collected and paid directly to SongVest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. At any time within two (2) years after any statement is rendered to SongVest hereunder, SongVest shall have the right to, upon thirty (30) days written notice, examine Seller's books and records with respect to such statement. Such examination shall be at SongVest's sole cost and expense, by a certified public accountant or other qualified representative designated by SongVest. Such examination shall be made during Seller's usual business hours at the place where Seller maintains the books and records which relate to the Portfolio and which are necessary to verify the accuracy of the statement. Seller shall have no obligation to produce such books and records more than once with respect to each statement rendered to SongVest. Unless notice shall have been given to Seller as provided hereinabove, each royalty statement rendered to SongVest shall be final, conclusive and binding on SongVest and shall constitute an account stated. SongVest shall be foreclosed from maintaining any action, claim or proceeding against Seller in any forum or tribunal with respect to any statement or accounting rendered hereunder unless such action, claim or proceeding is commenced against Seller in a court of competent jurisdiction within eighteen (18) months after the date such statement or accounting is rendered. All audit, accounting, reporting, payment timing, and interest provisions shall apply on a pro rata basis solely with respect to Royalty Interests sold and closed from time to time pursuant to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. At any time within two (2) years after any payment is rendered to Seller by SongVest hereunder, Seller shall have the right to, upon thirty (30) days written notice, examine SongVest's books and records with respect to such payment. Such examination shall be at SongVest's sole cost and expense, by a certified public accountant or other qualified representative designated by SongVest. Such examination shall be made during SongVest's usual business hours at the place where SongVest maintains the books and records which relate to the Offering and which are necessary to verify the accuracy of the payment to Seller. SongVest shall have no obligation to produce such books and records more than once with respect to each payment made to Seller. Unless notice shall have been given to SongVest as provided hereinabove, each payment rendered to Seller shall be final, conclusive and binding on Seller and shall constitute an account stated. Seller shall be foreclosed from maintaining any action, claim or proceeding against SongVest in any forum or tribunal with respect to any payment rendered to Seller hereunder unless such action, claim or proceeding is commenced against SongVest in a court of competent jurisdiction within twenty-four (24) months after the date such payment is received by Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **Seller's Representations, Warranties and Covenants**. The Seller hereby represents, warrants and covenants to SongVest that as of the date hereof:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller: (i) owns and/or has the irrevocable, exclusive right to receive the Royalties free and clear of any mortgage, pledge, lien, charge, security interest, encumbrance, restriction or adverse claim of any nature whatsoever (collectively, "Liens"), other than any tax obligation that Seller must satisfy in connection with the purchase and sale of the Royalties hereunder, (ii) is not aware of any Liens being asserted against the Royalties, (iii) has not consented to the imposition of any Liens on the Royalties and (iv) has not sold, assigned, transferred or otherwise encumbered any of Seller's rights in the Royalties to any person or entity other than SongVest;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Seller is competent to enter into (and understands the terms of) this Agreement and has been represented by tax and accounting advisors and legal counsel in the negotiation and execution of this Agreement, or knowingly waived Seller's right to do so;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Seller intends to (and shall) fully and timely satisfy all tax obligations of Seller flowing from this Agreement from the proceeds Seller receives from SongVest hereunder; In the event Seller fails to satisfy tax obligations flowing from this Agreement, SongVest will not be subject to liability on behalf of Seller;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Seller shall indemnify, defend and hold harmless SongVest, its agents, attorneys, employees, officers, directors, successors and assigns (collectively, the Indemnified Parties") from and against all claims, losses, damages, penalties, judgments, lawsuits and all related costs and expenses of any nature (including legal fees and costs) (collectively, "Costs") which may be incurred by or asserted against any of the Indemnified Parties arising out of, related to, or in connection with any breach or alleged breach by Seller of Seller's obligations, agreements, covenants, representations and/or warranties in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Seller has all necessary right, power, legal capacity and authority, and all necessary actions on the part of Seller (including action required to be taken by Seller's officers, directors, shareholders, trustees, executors or representatives) have been duly and validly taken to authorize Seller: (i) to own the Royalties; (ii) to sell, assign and transfer the Royalties as provided herein; (iii) to effectuate the execution and delivery of this Agreement; (iv) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (v) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. No approvals or consents of any persons or entities other than Seller are necessary in connection therewith, including, without limitation, any approval or consent by the Artists, Distributor, any co-writers or owners of the Assets, and/or any third-party publishers or PRO's, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. As of the date of execution of this Agreement, Seller has no outstanding, unrecouped, and/or unearned advances in respect of or affecting the Royalties and, at no time during the Term will Seller enter into any agreement affecting the payment of Royalties hereunder, including, without limitation, any agreement whereby Seller receives any advance or other monies that are recoupable from (or otherwise reduce) Royalties payable hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. All federal, state and local taxes accrued or owing by Seller to and including the date of execution of this Agreement arising out of or in connection with the Royalties, including without limitation any sales or transfer taxes resulting from the transaction contemplated herein, if any, have been or will be paid or caused to be paid by Seller. The Royalties are free and clear of any and all liens, charges, mortgages, pledges, claims, encumbrances, obligations or liabilities of any kind or nature whatsoever whether accrued, absolute, contingent or otherwise, which would negatively affect the transfer to SongVest of the right to receive the Royalties hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Throughout the Term, Seller shall not take any voluntary action intended to materially impair, delay, or reduce the Royalties payable to SongVest pursuant to this Agreement. The foregoing restriction shall not apply to any of Sellers's distributors, Publishers, or PROs, provided Seller shall provide written notice to SongVest of any sale by the foregoing promptly upon receiving notice from such third parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Seller will not grant any rights or incur any obligations that are inconsistent with the rights granted herein or Seller's obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. Seller will maintain the power, right and authority to perform its obligations hereunder at all times during the Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k. Each Seller Agreement is: (i) in full force and effect as of the date hereof, and shall remain in effect throughout the entire Term and (ii) a valid and binding agreement between Seller and the applicable third party (e.g., Artist) wherein Seller is irrevocably entitled to receive and retain all Royalties with respect to the Assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l. At no time during the Term shall Seller terminate, rescind, revoke or attempt to terminate, rescind or revoke such Seller Agreement or any LOD without the prior written approval of SongVest.

SongVest hereby represents, warrants and covenants to the Seller that as of the date hereof SongVest has all necessary right, power, legal capacity and authority to (i) sell, market (directly or indirectly) advertise or promote securities as that term is understood by the U.S. Securities and Exchange Commission (SEC) including any related to the Portfolio, (ii) to effectuate the execution and delivery of this Agreement; (iii) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (iv) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. This Agreement is legal, valid, and binding upon SongVest and is enforceable in accordance with its terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. **Distribution**. Seller shall notify SongVest of any change in distributor, administrator, publisher, or other revenue source and shall cooperate fully to ensure uninterrupted payment of Royalties to SongVest, including execution of replacement LODs if required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **Change in Ownership; Sale of Portfolio.** In the event Seller sells, transfers, assigns, or otherwise disposes of the Portfolio, any of the Assets, or any interest therein, or if there is any change of ownership or control of Seller (each, a "Change of Control Transaction"), Seller shall, and shall cause any acquiring or successor owner to, promptly take all actions necessary to ensure SongVest continues to receive its applicable share of Royalties without interruption or diminution.

Without limiting the foregoing, Seller shall ensure that all required assignments, notices, letters of direction, payee change forms, and other documentation are executed and delivered directly to all applicable distributors, publishers, administrators, collection societies, digital service providers, and other revenue sources to provide for SongVest to be paid directly, or through a mutually agreed payment mechanism, its applicable pro rata share of Royalties. Any acquiring or successor owner shall automatically assume responsibility for the ongoing administration of the Assets and shall remit to SongVest all Royalties due pursuant to this Agreement **without any deduction, offset, recoupment, or administration fee of any kind**. Seller acknowledges that injunctive relief and specific performance may be appropriate remedies for any breach of this Section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. **Successors & Assigns**. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, permitted assigns, heirs, executors and administrators. Either party may assign this Agreement or any of its rights or obligations hereunder to a third party which agrees to assume the assigning party's obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. **Notices**. All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been given (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); or (c) on the third (3<sup>rd</sup>) day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications must be sent 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 6**):

---

| | |
|:---|:---|
| If to Seller: | [_] |
| If to SongVest: | RoyaltyTraders, LLC dba SongVest |
|  | 1053 East Whitaker Mill Road, Suite 115 |
|  | Raleigh, NC 27604 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. **Choice of Law**. This Agreement shall be governed by and construed in accordance with the laws of the State of Tennessee, USA (without regard to its conflicts of law doctrines) as if this Agreement were entered into and wholly to be performed therein. All actions arising out of or relating to this Agreement shall be brought in the State or Federal courts in Davidson County, Tennessee, and the parties hereby submit to the jurisdiction of such courts. If any legal action or other proceeding is brought for the enforcement of this Agreement or as a result of a breach, default or misrepresentation in connection with any of the provisions of this Agreement, the successful or prevailing party shall be entitled to recover reasonable attorneys' fees and other costs insured in such action or proceeding in addition to any other relief to which such party may be entitled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. **Entire Agreement; Modifications; Headings**. This Agreement, together with the Closing Documents, constitute the entire understanding between the Parties with respect to the transactions contemplated herein and supersede all other agreements and understandings between the Parties; provided, however, that in the event of any conflict, the terms of this Agreement shall prevail. No modification of this Agreement shall be valid unless in writing and signed by both Parties. The titles and headings of the various articles and sections in this Agreement are intended solely for convenience of reference and are not intended for any other purpose whatsoever or to explain, modify, or place any construction on any of the provisions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. **No Third-Party Beneficiary.** The Parties acknowledge and agree that each Investor is an intended third-party beneficiary solely with respect to the economic right to receive Royalties under this Agreement. Notwithstanding the foregoing, each Investor has irrevocably and exclusively delegated all rights to enforce this Agreement to SongVest Pursuant to the terms under which each Investor subscribes through the SongVest platform. The existence of third-party beneficiary status shall not expand the duties, liabilities, or remedies of Seller or Songvest beyond those expressly set forth herein, and all limitation of liabilities, waivers, and restrictions contained in this Agreement shall apply equally to any claim asserted for the benefit of Investors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. **Limitation of Liability.** To the maximum extent permitted by applicable law, neither SongVest nor the Seller shall by liable to the other for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, loss of revenue, loss of data, or loss of business opportunity, arising out of or relating to this Agreement, whether based on contract, tort (including negligence), strict liability, or any other legal theory, even if such party has been advised of the possibility of such damages. In no event shall SongVest's or the Seller's aggregate liability arising out of or related to this Agreement exceed the greater of (i) the Purchase Price, or (ii) the Royalties paid or payable under this Agreement in the twelve (12) month period immediately preceding the event giving rise to the claim. This limitation of liability shall not apply to SongVest's or the Seller's gross negligence or willful misconduct. For the avoidance of doubt, all limitations of liability and waivers set forth in this Agreement apply to any claims asserted for the benefit of Investors, whether directly or indirectly.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. **Counterparts; Facsimile Signatures**. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same instrument. A signed copy of this Agreement delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement.

[Signatures to be provided on following page]

IN WITNESS WHEREOF, the Parties have executed this Agreement under seal (each Party adopting the word "SEAL" as its true and lawful seal) as of the date first set forth above.

---

| | |
|:---|:---|
| **SongVest:** | **SongVest:** |
| RoyaltyTraders LLC dba SongVest | RoyaltyTraders LLC dba SongVest |
| By: | (SEAL) |
| Name: | Sean Peace |
| Title: | Founder/CEO |

---

---

| | |
|:---|:---|
| **Seller:** | **Seller:** |
| [_] | [_] |
| By: | (SEAL) |
| Name: | [_] |
| Title: | President |

---

**SCHEDULE A**

**PORTFOLIO/REVENUE SOURCES/PERCENTAGE INTERESTS**

1. **Royalty Period –** With respect to each Asset, commencing on <u>the date of the closing of the Offering</u> and ending upon <u>the expiration of copyright</u> in such Asset.

2. **Assets** – The following are the type(s) of Assets contained in the Portfolio:

---

| | | |
|:---|:---|:---|
| **TITLE** | **Song ID** | **SELLER'S % INTEREST** |
| "Live While We're Young" | See attached Exhibit B | 50% |

---

3. **Percentage Interests** – The Percentage Interest in Seller's Revenue Sources is a maximum of <u>Fifty Percent (50%)</u>, subject to clause 6, below.

4. **Revenue Sources** – The Revenue Sources from sales and/or exploitations of Assets are as follows:

---

| | |
|:---|:---|
| A. | Type: |
|  | **<u>Master Recording Royalties</u>** |
| B. | Share: |
|  | **<u>Producer's Share</u>** |

---

5. **Distributors –** The current Distributors, Labels, and/or PROs, as applicable, of Assets:

**<u>Sony Music - Currently Being Collected by [_]</u>**

6. **Purchase Price and Royalty Interest** – The Purchase Price shall be equal to either (i) the "Minimum: set forth below; (ii) the "Maximum" set forth below; or (iii) a number in between the "Minimum" and "Maximum" set forth below:

● <u>Minimum</u>: $<u>1.00</u>, which shall entitle SongVest to <u>1</u> % Royalty Interest in the Royalties **<sup>(1)</sup>** 

● <u>Maximum</u>: $<u>43,293.00</u>, which shall entitle SongVest to a <u>50</u> % Royalty Interest in the Royalties **<sup>(1)</sup>** 

7. **Artist** – The musical group or recording artist whose performances are embodied in the Asset(s) are:

"Live While We're Young"- "One Direction"

***(1)***  ***For any Purchase Price that falls between the Minimum or Maximum amounts set forth above, the Royalty Interest in the Royalties to which SongVest shall be entitled will be calculated by multiplying the Purchase Price by a fraction, for which the numerator shall be the Purchase Price, and the denominator shall be the Maximum amount set forth above.*** 

Sch. A-1

**SCHEDULE B: FEES AND EXPENSES**

SongVest intends to collect a fee equal to approximately 26% of the Purchase Price as compensation for its role in facilitating the Transaction.

The Purchase Price agreed to by the Seller herein is not reduced by the aforementioned fees. SongVest may elect to forego these fees at its sole discretion.

Sch. B-1

**EXHIBIT A**

[_] <br>Re: <u>Notice of Assignment of Income</u>

Gentlepersons:

Reference is made to the Royalty Option Agreement, effective as of the Effective Date (the 'Agreement') by and between [_], individually and on behalf of its affiliates (Collectively, the "Seller"), and RoyaltyTraders LLC, d/b/a Songvest (the "Purchaser"). Capitalized terms used herein which are not defined herein shall have the meanings ascribed thereto in the Agreement.

As evidenced by the Agreement, Purchaser has acquired from Seller, throughout the world, the exclusive right to receive and collect the applicable Royalty Interest (as defined in the Agreement and Schedule A) of Seller's share of royalties from the Performance Royalties (and other Assets) accrued and unpaid and hereafter accruing (the "Assigned Royalties"). Accordingly, from and after the applicable Closing Date(s), you are to remit to Purchaser all of the Assigned Royalties, regardless of when earned, to Purchaser, and send them along with any corresponding statements, notices and correspondence to:

RoyaltyTraders, LLC dba SongVest

Attn: Royalty Payments Dept.

1053 East Whitaker Road, Suite 115

Raleigh, NC 27604

Or electronically to <u>finance@songvest.com</u>

Please confirm your receipt of this notice.

Very Truly Yours,

[_]

**EXHIBIT B**

Complete Song ID List

---

| | |
|:---|:---|
| **Title** | **ISRC** |
| LIVE WHILE WERE YOUNG | GBHMU1200551 |
| LIVE WHILE WERE YOUNG | GBHMU1200212 |
| LIVE WHILE WERE YOUNG | GBHMU1200211 |
| LIVE WHILE WERE YOUNG | GBHMU1200210 |

---

## Ex1A-6

**Exhibit 6.42**

**ROYALTY OPTION AGREEMENT**

This Royalty Option Agreement ("**Agreement**") is entered into as of January 26, 2026, by and between RoyaltyTraders LLC dba SongVest, a Delaware limited liability company ("**SongVest**") at 1053 East Whitaker Rd Suite 115, Raleigh, NC 27604, and [_] ("**Seller**") and, collectively with SongVest, the "**Parties.**"

WHEREAS, Seller is granting to SongVest an exclusive option to enter into the Transaction (as defined below);

WHEREAS, subject to satisfaction of the Option Threshold (as defined below), Seller will sell to SongVest the right to receive Royalties deriving from the Portfolio during the Royalty Periods (as listed on Schedule A), and SongVest will issue proceed rights units (each, a "**Unit**," and collectively, the "Proceed Rights") to third-party investors via the SongVest platform;

WHEREAS, the Parties desire to memorialize their agreement regarding the Royalties to be directed and paid to SongVest in exchange for payment of the Purchase Price to Seller;

NOW, THEREFORE, in consideration of the mutual covenants herein, the Parties agree as follows:

**Certain Defined Terms**. For purposes of this Agreement, the following terms shall have the meanings set forth below:

"**Assets**" means the assets contained in the Portfolio (e.g., Sound Recordings, Compositions) as listed on Schedule A attached hereto and made a part hereof.

"**Artist(s)**" means those recording artists whose musical performances are embodied in the Assets contained in the Portfolio, if any, and as set forth on Schedule A.

"**Compositions**" means those musical compositions the titles of which are set forth on Schedule A, if any.

"**Distributor(s)**" means any third-party distributor, including a record label or online digital distribution company, that sells, markets, and/or distributes sound recordings embodying the Assets.

"**Fees and Expenses**" means the fees and expenses, including Anticipated Fees, incurred by SongVest for its time and effort to place the Proceed Rights into the Offering and market the Units and Proceed Rights to the general public. Fees and Expenses include, without limitation, legal and other regulator costs related to completing the Offering memorandum and closing. Anticipated Fees are outlined in Schedule B, though actual Fees and Expenses may differ.

"**Net Revenue**" means the Royalties generated from the Portfolio Assets less any service fee charged by the Distributor (or other third party) and current taxes payable during the current period as withheld by the Distributor (or other third party) for the sole purpose of remittal to an entity with taxing authority in the normal course of business.

"**Offering**" means the offering held by SongVest via the Site wherein investors are issued the Units and Proceed Rights.

"**Option Threshold**" means $1.00.

"**Percentage Interest**" means the percentage of Seller's revenue that is available for SongVest to receive from the Seller with respect to the Revenue Sources, up to a maximum of seventy-five percent (75%), subject to clause 6 of Schedule A.

"**Portfolio**" means the portfolio of Assets as set forth on Schedule A.

"**PRO**" means Seller's public performance rights organization, if any.

"**Purchase Price**" means the purchase price for the Royalties by SongVest as set forth on Schedule A.

"**Sound Recordings**" means those sound recordings embodying the performances of Artist(s) and set forth on Schedule A, if any.

"**Revenue Sources**" means those sources of revenue earned and received by Seller and from which the Royalties are derived from the Assets, which may include, as set forth herein, streaming of the Sound Recordings, record sales, neighboring rights, licensing, or digital sales.

"**Royalty Period**" means, with respect to the Royalties, the period commencing with the initial payment of the Royalties to SongVest and ending on such date as set forth in Schedule A.

"**Royalties**" means the royalties payable to SongVest in connection with the Portfolio that derive from the Revenue Sources based on the Percentage Interest.

"**Royalty Interest**" means the percentage of the Royalties that SongVest is entitled to as set forth in Schedule A based on the Percentage Interest.

"**Seller Agreements**" means those agreements between Seller and third parties, including Artists and/or Distributors, wherein Seller is entitled to receive the Percentage Interest of all Assets.<br>

"**Streaming**" means the Net Revenue payable to Seller derived from the Portfolio (including all Assets) from Distributor, Artist, Publisher, and/or PRO, as applicable, from all digital streaming platforms (e.g., Spotify) and reported by any source (digital service providers, SoundExchange, Distributor or other companies collecting streaming income on the Portfolio).

"**Term**" means the term of this Agreement, which Term shall commence on the date of signature of this Agreement and continue until the earlier of (a) the date that is twelve (12) months following the Effective Date, if the Option Threshold has not been satisfied by such date; or (b) the date on which all Royalties payable with respect to all Royalty Interests sold and closed hereunder have been paid in full to SongVest. For the avoidance of doubt, upon satisfaction of the Option Threshold, SongVest's option to enter into the Transaction shall be deemed exercised, and the Term shall continue through the expiration of all applicable Royalty Periods with respect to Royalty Interests sold and closed, regardless of whether the Offering is completed or additional Royalty Interests are sold.

"**Videos**" means those audiovisual recordings of Sound Recordings and set forth on Schedule A, if any.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. **Transaction/Offering.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller hereby grants to SongVest the exclusive right during the Term to conduct the Offering. SongVest may conduct the Offering in one or more closings, including on a rolling or quarterly basis, in SongVest's sole discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The Parties acknowledge and agree that the **Option Threshold shall be deemed satisfied upon the funding of at least One Dollar ($1.00)**. Upon satisfaction of the Option Threshold, SongVest's option shall be deemed exercised with respect to the Royalty Interests sold and closed from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The Offering may be closed in one or more closings (each, a "**Closing** "). At each Closing, Seller shall irrevocably assign, grant, and convey to SongVest the applicable pro rata Royalty Interest corresponding solely to the portion of the Purchase Price funded at such Closing, as further set forth on Schedule A. No Royalty Interest shall vest or accrue except with respect to amounts actually sold and closed. Royalties attributable to Royalty Interests sold at a given Closing shall accrue only from and after such Closing and shall not relate back to any prior period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Promptly following each Closing, and in any event within five (5) business days of such Closing, SongVest shall remit to Seller the Purchase Price (without any deduction or set-off) funded at such Closing, in accordance with the payment instructions provided to SongVest by Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **Royalties**. Seller agrees that, during the applicable Royalty Periods, all Royalties derived from the Portfolio Assets and applicable Revenue Sources shall be paid or directed to SongVest in accordance with this Agreement and Schedule A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. **Administration Election:** Seller shall administer Royalties in one of the following manners, as elected by Seller in writing (Seller hereby elects option (ii)(Seller Administration)):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. **Letters of Direction ("LODs").** Seller shall execute and maintain irrevocable letters of direction directing applicable distributors, publishers, administrators, PROs, and other revenue sources to remit directly to SongVest the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed; **or** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. **Seller Administration.** Seller shall continue to administer and collect all Royalties and shall remit to SongVest, on a quarterly basis (or such other period as set forth on Schedule A), the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed.

Unless and until the Parties mutually agree otherwise in writing, Seller may continue Seller Administration indefinitely, including following the completion of the Offering.

Notwithstanding anything herein to the contrary, Seller shall only be required to execute or maintain Letters of Direction to the extent Seller elects LOD-based administration pursuant to this Section or as otherwise required under the "Change in Ownership; Sale of Fund" section below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. **Third-Party Noncompliance:** Seller shall use commercially reasonable efforts to cause applicable third parties to comply with the elected administration method. In the event of any failure by a third party to remit Royalties as required, Seller shall remain responsible for remitting to SongVest the applicable Royalties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. **Audit and Reporting:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. If Seller elects Letters of Direction ("LODs") pursuant to the Administration Election above (or if LODs are required under the "Change in Ownership; Sale of Fund" section below), Seller shall execute and maintain irrevocable letters of direction ("LOD"), a copy of which is attached hereto as Exhibit A, directing Distributor, Artist, Publisher, PRO and/or other third party, as applicable, to account and pay to SongVest the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed for the entire Royalty Period at the same time and on the same terms as such party is required to account to Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. If Seller elects Seller Administration pursuant to the Administration Election above (or if Seller elects Letters of Direction ("LODs") pursuant to the Administration Election above (or if LODs are required under the "Change in Ownership; Sale of Fund" section below), and if Distributor, Artist, Publisher, PRO and/or other third party, as applicable, fails to account or pay Royalties to SongVest directly as required hereunder and instead pays such Royalties to Seller), Seller shall account to SongVest via a statement and pay all Royalties earned and received by Seller during such period no later than thirty (30) days after receipt by Seller of such Royalties. All payments shall be made to SongVest via wire transfer of immediately available funds pursuant to SongVest's written instructions for same. In the event Seller conducts an audit of any of Distributor's or Artist's (or other distributor's, publishers, PRO's or licenses) books and records regarding the sale of any Asset in the Portfolio at any time during the Term, Seller shall notify SongVest thereof and allow, to the extent Seller has the right to allow, SongVest to participate in such audit as it relates to sales of Portfolio. In the event Seller receives any proceeds or awards from any such audit or other claim relating to the Portfolio, Seller will immediately notify SongVest thereof and pay to SongVest its proportionate share of the proceeds (subject to a deduction therefrom of Seller's actual, verifiable costs in conducting such audit or claim). Upon SongVest's request therefor and subject to SongVest covering the costs thereof, Seller agrees, to the extent Seller has the right to do so, to conduct an audit of Distributor's or Artist's books and records related solely to accountings in connection with Royalties hereunder. In the event such audit reveals an underpayment of any monies due and payable in connection with Assets that were the subject of such audit, Seller shall ensure that such additional monies are collected and paid directly to SongVest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. At any time within two (2) years after any statement is rendered to SongVest hereunder, SongVest shall have the right to, upon thirty (30) days written notice, examine Seller's books and records with respect to such statement. Such examination shall be at SongVest's sole cost and expense, by a certified public accountant or other qualified representative designated by SongVest. Such examination shall be made during Seller's usual business hours at the place where Seller maintains the books and records which relate to the Portfolio and which are necessary to verify the accuracy of the statement. Seller shall have no obligation to produce such books and records more than once with respect to each statement rendered to SongVest. Unless notice shall have been given to Seller as provided hereinabove, each royalty statement rendered to SongVest shall be final, conclusive and binding on SongVest and shall constitute an account stated. SongVest shall be foreclosed from maintaining any action, claim or proceeding against Seller in any forum or tribunal with respect to any statement or accounting rendered hereunder unless such action, claim or proceeding is commenced against Seller in a court of competent jurisdiction within eighteen (18) months after the date such statement or accounting is rendered. All audit, accounting, reporting, payment timing, and interest provisions shall apply on a pro rata basis solely with respect to Royalty Interests sold and closed from time to time pursuant to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. At any time within two (2) years after any payment is rendered to Seller by SongVest hereunder, Seller shall have the right to, upon
thirty (30) days written notice, examine SongVest's books and records with respect to such payment. Such examination shall be at
SongVest's sole cost and expense, by a certified public accountant or other qualified representative designated by SongVest. Such
examination shall be made during SongVest's usual business hours at the place where SongVest maintains the books and records which
relate to the Offering and which are necessary to verify the accuracy of the payment to Seller. SongVest shall have no obligation to produce
such books and records more than once with respect to each payment made to Seller. Unless notice shall have been given to SongVest as
provided hereinabove, each payment rendered to Seller shall be final, conclusive and binding on Seller and shall constitute an account
stated. Seller shall be foreclosed from maintaining any action, claim or proceeding against SongVest in any forum or tribunal with respect
to any payment rendered to Seller hereunder unless such action, claim or proceeding is commenced against SongVest in a court of competent
jurisdiction within twenty-four (24) months after the date such payment is received by Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **Seller's Representations, Warranties and Covenants**. The Seller hereby represents, warrants and covenants to SongVest that as of the date hereof:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller: (i) owns and/or has the irrevocable, exclusive right to receive the Royalties free and clear of any mortgage, pledge, lien, charge, security interest, encumbrance, restriction or adverse claim of any nature whatsoever (collectively, "Liens"), other than any tax obligation that Seller must satisfy in connection with the purchase and sale of the Royalties hereunder, (ii) is not aware of any Liens being asserted against the Royalties, (iii) has not consented to the imposition of any Liens on the Royalties and (iv) has not sold, assigned, transferred or otherwise encumbered any of Seller's rights in the Royalties to any person or entity other than SongVest;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Seller is competent to enter into (and understands the terms of) this Agreement and has been represented by tax and accounting advisors and legal counsel in the negotiation and execution of this Agreement, or knowingly waived Seller's right to do so;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Seller intends to (and shall) fully and timely satisfy all tax obligations of Seller flowing from this Agreement from the proceeds Seller receives from SongVest hereunder; In the event Seller fails to satisfy tax obligations flowing from this Agreement, SongVest will not be subject to liability on behalf of Seller;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Seller shall indemnify, defend and hold harmless SongVest, its agents, attorneys, employees, officers, directors, successors and assigns (collectively, the Indemnified Parties") from and against all claims, losses, damages, penalties, judgments, lawsuits and all related costs and expenses of any nature (including legal fees and costs) (collectively, "Costs") which may be incurred by or asserted against any of the Indemnified Parties arising out of, related to, or in connection with any breach or alleged breach by Seller of Seller's obligations, agreements, covenants, representations and/or warranties in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Seller has all necessary right, power, legal capacity and authority, and all necessary actions on the part of Seller (including action required to be taken by Seller's officers, directors, shareholders, trustees, executors or representatives) have been duly and validly taken to authorize Seller: (i) to own the Royalties; (ii) to sell, assign and transfer the Royalties as provided herein; (iii) to effectuate the execution and delivery of this Agreement; (iv) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (v) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. No approvals or consents of any persons or entities other than Seller are necessary in connection therewith, including, without limitation, any approval or consent by the Artists, Distributor, any co-writers or owners of the Assets, and/or any third-party publishers or PRO's, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. As of the date of execution of this Agreement, Seller has no outstanding, unrecouped, and/or unearned advances in respect of or affecting the Royalties and, at no time during the Term will Seller enter into any agreement affecting the payment of Royalties hereunder, including, without limitation, any agreement whereby Seller receives any advance or other monies that are recoupable from (or otherwise reduce) Royalties payable hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. All federal, state and local taxes accrued or owing by Seller to and including the date of execution of this Agreement arising out of or in connection with the Royalties, including without limitation any sales or transfer taxes resulting from the transaction contemplated herein, if any, have been or will be paid or caused to be paid by Seller. The Royalties are free and clear of any and all liens, charges, mortgages, pledges, claims, encumbrances, obligations or liabilities of any kind or nature whatsoever whether accrued, absolute, contingent or otherwise, which would negatively affect the transfer to SongVest of the right to receive the Royalties hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Throughout the Term, Seller shall not take any voluntary action intended to materially impair, delay, or reduce the Royalties payable to SongVest pursuant to this Agreement. The foregoing restriction shall not apply to any of Sellers's distributors, Publishers, or PROs, provided Seller shall provide written notice to SongVest of any sale by the foregoing promptly upon receiving notice from such third parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Seller will not grant any rights or incur any obligations that are inconsistent with the rights granted herein or Seller's obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. Seller will maintain the power, right and authority to perform its obligations hereunder at all times during the Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k. Each Seller Agreement is: (i) in full force and effect as of the date hereof, and shall remain in effect throughout the entire Term and (ii) a valid and binding agreement between Seller and the applicable third party (e.g., Artist) wherein Seller is irrevocably entitled to receive and retain all Royalties with respect to the Assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l. At no time during the Term shall Seller terminate, rescind, revoke or attempt to terminate, rescind or revoke such Seller Agreement or any LOD without the prior written approval of SongVest.

SongVest hereby represents, warrants and covenants to the Seller that as of the date hereof SongVest has all necessary right, power, legal capacity and authority to (i) sell, market (directly or indirectly) advertise or promote securities as that term is understood by the U.S. Securities and Exchange Commission (SEC) including any related to the Portfolio, (ii) to effectuate the execution and delivery of this Agreement; (iii) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (iv) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. This Agreement is legal, valid, and binding upon SongVest and is enforceable in accordance with its terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. **Distribution**. Seller shall notify SongVest of any change in distributor, administrator, publisher, or other revenue source and shall cooperate fully to ensure uninterrupted payment of Royalties to SongVest, including execution of replacement LODs if required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **Change in Ownership; Sale of Portfolio.** In the event Seller sells, transfers, assigns, or otherwise disposes of the Portfolio, any of the Assets, or any interest therein, or if there is any change of ownership or control of Seller (each, a "Change of Control Transaction"), Seller shall, and shall cause any acquiring or successor owner to, promptly take all actions necessary to ensure SongVest continues to receive its applicable share of Royalties without interruption or diminution.

Without limiting the foregoing, Seller shall ensure that all required assignments, notices, letters of direction, payee change forms, and other documentation are executed and delivered directly to all applicable distributors, publishers, administrators, collection societies, digital service providers, and other revenue sources to provide for SongVest to be paid directly, or through a mutually agreed payment mechanism, its applicable pro rata share of Royalties. Any acquiring or successor owner shall automatically assume responsibility for the ongoing administration of the Assets and shall remit to SongVest all Royalties due pursuant to this Agreement **without any deduction, offset, recoupment, or administration fee of any kind**. Seller acknowledges that injunctive relief and specific performance may be appropriate remedies for any breach of this Section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. **Successors & Assigns**. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, permitted assigns, heirs, executors and administrators. Either party may assign this Agreement or any of its rights or obligations hereunder to a third party which agrees to assume the assigning party's obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. **Notices**. All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been given (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); or (c) on the third (3<sup>rd</sup>) day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications must be sent 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 6**):

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| | |
|:---|:---|
| If to Seller: | [_] |
| If to SongVest: | RoyaltyTraders, LLC dba SongVest |
|  | 1053 East Whitaker Mill Road, Suite 115 |
|  | Raleigh, NC 27604 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. **Choice of Law**. This Agreement shall be governed by and construed in accordance with the laws of the State of Tennessee, USA (without regard to its conflicts of law doctrines) as if this Agreement were entered into and wholly to be performed therein. All actions arising out of or relating to this Agreement shall be brought in the State or Federal courts in Davidson County, Tennessee, and the parties hereby submit to the jurisdiction of such courts. If any legal action or other proceeding is brought for the enforcement of this Agreement or as a result of a breach, default or misrepresentation in connection with any of the provisions of this Agreement, the successful or prevailing party shall be entitled to recover reasonable attorneys' fees and other costs insured in such action or proceeding in addition to any other relief to which such party may be entitled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. **Entire Agreement; Modifications; Headings**. This Agreement, together with the Closing Documents, constitute the entire understanding between the Parties with respect to the transactions contemplated herein and supersede all other agreements and understandings between the Parties; provided, however, that in the event of any conflict, the terms of this Agreement shall prevail. No modification of this Agreement shall be valid unless in writing and signed by both Parties. The titles and headings of the various articles and sections in this Agreement are intended solely for convenience of reference and are not intended for any other purpose whatsoever or to explain, modify, or place any construction on any of the provisions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. **No Third-Party Beneficiary.** The Parties acknowledge and agree that each Investor is an intended third-party beneficiary solely with respect to the economic right to receive Royalties under this Agreement. Notwithstanding the foregoing, each Investor has irrevocably and exclusively delegated all rights to enforce this Agreement to SongVest Pursuant to the terms under which each Investor subscribes through the SongVest platform. The existence of third-party beneficiary status shall not expand the duties, liabilities, or remedies of Seller or Songvest beyond those expressly set forth herein, and all limitation of liabilities, waivers, and restrictions contained in this Agreement shall apply equally to any claim asserted for the benefit of Investors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. **Limitation of Liability.** To the maximum extent permitted by applicable law, neither SongVest nor the Seller shall by liable to the other for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, loss of revenue, loss of data, or loss of business opportunity, arising out of or relating to this Agreement, whether based on contract, tort (including negligence), strict liability, or any other legal theory, even if such party has been advised of the possibility of such damages. In no event shall SongVest's or the Seller's aggregate liability arising out of or related to this Agreement exceed the greater of (i) the Purchase Price, or (ii) the Royalties paid or payable under this Agreement in the twelve (12) month period immediately preceding the event giving rise to the claim. This limitation of liability shall not apply to SongVest's or the Seller's gross negligence or willful misconduct. For the avoidance of doubt, all limitations of liability and waivers set forth in this Agreement apply to any claims asserted for the benefit of Investors, whether directly or indirectly.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. **Counterparts; Facsimile Signatures**. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same instrument. A signed copy of this Agreement delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement.

[Signatures to be provided on following page]

IN WITNESS WHEREOF, the Parties have executed this Agreement under seal (each Party adopting the word "SEAL" as its true and lawful seal) as of the date first set forth above.

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| | |
|:---|:---|
| **SongVest:** | **SongVest:** |
| RoyaltyTraders LLC dba SongVest | RoyaltyTraders LLC dba SongVest |
| By: | (SEAL) |
| Name: | Sean Peace |
| Title: | Founder/CEO |

---

---

| | |
|:---|:---|
| **Seller:** | **Seller:** |
| [_] | [_] |
| By: | (SEAL) |
| Name: |  |
| Title: | President |

---

**SCHEDULE A**

**PORTFOLIO/REVENUE SOURCES/PERCENTAGE INTERESTS**

1. **Royalty Period –** With respect to each Asset, commencing on <u>the date of the closing of the Offering</u> and ending upon <u>the expiration of copyright</u> in such Asset.

2. **Assets** – The following are the type(s) of Assets contained in the Portfolio:

---

| | | |
|:---|:---|:---|
| **TITLE** | **Song ID** | **SELLER'S % INTEREST** |
| "Better Place" | See attached Exhibit B | 75% |

---

3. **Percentage Interests** – The Percentage Interest in Seller's Revenue Sources is a maximum of <u>Seventy-Five Percent (75%)</u>, subject to clause 6, below.

4. **Revenue Sources** – The Revenue Sources from sales and/or exploitations of Assets are as follows:

---

| | |
|:---|:---|
| A. | Type: |
|  | **<u>Master Recording Royalties</u>** |
| B. | Share: |
|  | **<u>Producer's Share</u>** |

---

5. **Distributors –** The current Distributors, Labels, and/or PROs, as applicable, of Assets:

**<u>Sony Music - Currently Being Collected by [_]</u>**

6. **Purchase Price and Royalty Interest** – The Purchase Price shall be equal to either (i) the "Minimum: set forth below; (ii) the "Maximum" set forth below; or (iii) a number in between the "Minimum" and "Maximum" set forth below:

● <u>Minimum</u>: $<u>1.00</u>, which shall entitle SongVest to <u>1</u> % Royalty Interest in the Royalties **<sup>(1)</sup>** 

● <u>Maximum</u>: $<u>34,349.00</u>, which shall entitle SongVest to a <u>75</u> % Royalty Interest in the Royalties **<sup>(1)</sup>** 

7. **Artist** – The musical group or recording artist whose performances are embodied in the Asset(s) are:

"Better Place"-"Rachel Platten"

***(1)***  ***For any Purchase Price that falls between the Minimum or Maximum amounts set forth above, the Royalty Interest in the Royalties to which SongVest shall be entitled will be calculated by multiplying the Purchase Price by a fraction, for which the numerator shall be the Purchase Price, and the denominator shall be the Maximum amount set forth above.*** 

Sch. A-1

**SCHEDULE B: FEES AND EXPENSES**

SongVest intends to collect a fee equal to approximately 26% of the Purchase Price as compensation for its role in facilitating the Transaction.

The Purchase Price agreed to by the Seller herein is not reduced by the aforementioned fees. SongVest may elect to forego these fees at its sole discretion.

Sch. B-1

**EXHIBIT A**

[_] <br>Re: <u>Notice of Assignment of Income</u>

Gentlepersons:

Reference is made to the Royalty Option Agreement, effective as of the Effective Date (the 'Agreement') by and between [_], individually and on behalf of its affiliates (Collectively, the "Seller"), and RoyaltyTraders LLC, d/b/a Songvest (the "Purchaser"). Capitalized terms used herein which are not defined herein shall have the meanings ascribed thereto in the Agreement.

As evidenced by the Agreement, Purchaser has acquired from Seller, throughout the world, the exclusive right to receive and collect the applicable Royalty Interest (as defined in the Agreement and Schedule A) of Seller's share of royalties from the Performance Royalties (and other Assets) accrued and unpaid and hereafter accruing (the "Assigned Royalties"). Accordingly, from and after the applicable Closing Date(s), you are to remit to Purchaser all of the Assigned Royalties, regardless of when earned, to Purchaser, and send them along with any corresponding statements, notices and correspondence to:

RoyaltyTraders, LLC dba SongVest

Attn: Royalty Payments Dept.

1053 East Whitaker Road, Suite 115

Raleigh, NC 27604

Or electronically to <u>finance@songvest.com</u>

Please confirm your receipt of this notice.

Very Truly Yours,

[_]

**EXHIBIT B**

Complete Song ID List

---

| | |
|:---|:---|
| **ISRC** | **Title** |
| USSM11507347 | Better Place |

---

## Ex1A-6

**Exhibit 6.43**

**ROYALTY OPTION AGREEMENT**

This Royalty Option Agreement ("**Agreement**") is entered into as of January 26, 2026, by and between RoyaltyTraders LLC dba SongVest, a Delaware limited liability company ("**SongVest**") at 1053 East Whitaker Rd Suite 115, Raleigh, NC 27604, and [_] ("**Seller**") and, collectively with SongVest, the "**Parties.**"

WHEREAS, Seller is granting to SongVest an exclusive option to enter into the Transaction (as defined below);

WHEREAS, subject to satisfaction of the Option Threshold (as defined below), Seller will sell to SongVest the right to receive Royalties deriving from the Portfolio during the Royalty Periods (as listed on Schedule A), and SongVest will issue proceed rights units (each, a "**Unit**," and collectively, the "Proceed Rights") to third-party investors via the SongVest platform;

WHEREAS, the Parties desire to memorialize their agreement regarding the Royalties to be directed and paid to SongVest in exchange for payment of the Purchase Price to Seller;

NOW, THEREFORE, in consideration of the mutual covenants herein, the Parties agree as follows:

**Certain Defined Terms**. For purposes of this Agreement, the following terms shall have the meanings set forth below:

"**Assets**" means the assets contained in the Portfolio (e.g., Sound Recordings, Compositions) as listed on Schedule A attached hereto and made a part hereof.

"**Artist(s)**" means those recording artists whose musical performances are embodied in the Assets contained in the Portfolio, if any, and as set forth on Schedule A.

"**Compositions**" means those musical compositions the titles of which are set forth on Schedule A, if any.

"**Distributor(s)**" means any third-party distributor, including a record label or online digital distribution company, that sells, markets, and/or distributes sound recordings embodying the Assets.

"**Fees and Expenses**" means the fees and expenses, including Anticipated Fees, incurred by SongVest for its time and effort to place the Proceed Rights into the Offering and market the Units and Proceed Rights to the general public. Fees and Expenses include, without limitation, legal and other regulator costs related to completing the Offering memorandum and closing. Anticipated Fees are outlined in Schedule B, though actual Fees and Expenses may differ.

"**Net Revenue**" means the Royalties generated from the Portfolio Assets less any service fee charged by the Distributor (or other third party) and current taxes payable during the current period as withheld by the Distributor (or other third party) for the sole purpose of remittal to an entity with taxing authority in the normal course of business.

"**Offering**" means the offering held by SongVest via the Site wherein investors are issued the Units and Proceed Rights.

"**Option Threshold**" means $1.00.

"**Percentage Interest**" means the percentage of Seller's revenue that is available for SongVest to receive from the Seller with respect to the Revenue Sources, up to a maximum of seventy-five percent (75%), subject to clause 6 of Schedule A.

"**Portfolio**" means the portfolio of Assets as set forth on Schedule A.

"**PRO**" means Seller's public performance rights organization, if any.

"**Purchase Price**" means the purchase price for the Royalties by SongVest as set forth on Schedule A.

"**Sound Recordings**" means those sound recordings embodying the performances of Artist(s) and set forth on Schedule A, if any.

"**Revenue Sources**" means those sources of revenue earned and received by Seller and from which the Royalties are derived from the Assets, which may include, as set forth herein, streaming of the Sound Recordings, record sales, neighboring rights, licensing, or digital sales.

"**Royalty Period**" means, with respect to the Royalties, the period commencing with the initial payment of the Royalties to SongVest and ending on such date as set forth in Schedule A.

"**Royalties**" means the royalties payable to SongVest in connection with the Portfolio that derive from the Revenue Sources based on the Percentage Interest.

"**Royalty Interest**" means the percentage of the Royalties that SongVest is entitled to as set forth in Schedule A based on the Percentage Interest.

"**Seller Agreements**" means those agreements between Seller and third parties, including Artists and/or Distributors, wherein Seller is entitled to receive the Percentage Interest of all Assets.<br>

"**Streaming**" means the Net Revenue payable to Seller derived from the Portfolio (including all Assets) from Distributor, Artist, Publisher, and/or PRO, as applicable, from all digital streaming platforms (e.g., Spotify) and reported by any source (digital service providers, SoundExchange, Distributor or other companies collecting streaming income on the Portfolio).

"**Term**" means the term of this Agreement, which Term shall commence on the date of signature of this Agreement and continue until the earlier of (a) the date that is twelve (12) months following the Effective Date, if the Option Threshold has not been satisfied by such date; or (b) the date on which all Royalties payable with respect to all Royalty Interests sold and closed hereunder have been paid in full to SongVest. For the avoidance of doubt, upon satisfaction of the Option Threshold, SongVest's option to enter into the Transaction shall be deemed exercised, and the Term shall continue through the expiration of all applicable Royalty Periods with respect to Royalty Interests sold and closed, regardless of whether the Offering is completed or additional Royalty Interests are sold.

"**Videos**" means those audiovisual recordings of Sound Recordings and set forth on Schedule A, if any.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. **Transaction/Offering.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller hereby grants to SongVest the exclusive right during the Term to conduct the Offering. SongVest may conduct the Offering in one or more closings, including on a rolling or quarterly basis, in SongVest's sole discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The Parties acknowledge and agree that the **Option Threshold shall be deemed satisfied upon the funding of at least One Dollar ($1.00)**. Upon satisfaction of the Option Threshold, SongVest's option shall be deemed exercised with respect to the Royalty Interests sold and closed from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The Offering may be closed in one or more closings (each, a "**Closing** "). At each Closing, Seller shall irrevocably assign, grant, and convey to SongVest the applicable pro rata Royalty Interest corresponding solely to the portion of the Purchase Price funded at such Closing, as further set forth on Schedule A. No Royalty Interest shall vest or accrue except with respect to amounts actually sold and closed. Royalties attributable to Royalty Interests sold at a given Closing shall accrue only from and after such Closing and shall not relate back to any prior period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Promptly following each Closing, and in any event within five (5) business days of such Closing, SongVest shall remit to Seller the Purchase Price (without any deduction or set-off) funded at such Closing, in accordance with the payment instructions provided to SongVest by Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **Royalties**. Seller agrees that, during the applicable Royalty Periods, all Royalties derived from the Portfolio Assets and applicable Revenue Sources shall be paid or directed to SongVest in accordance with this Agreement and Schedule A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. **Administration Election:** Seller shall administer Royalties in one of the following manners, as elected by Seller in writing (Seller hereby elects option (ii)(Seller Administration)):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. **Letters of Direction ("LODs").** Seller shall execute and maintain irrevocable letters of direction directing applicable distributors, publishers, administrators, PROs, and other revenue sources to remit directly to SongVest the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed; **or** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. **Seller Administration.** Seller shall continue to administer and collect all Royalties and shall remit to SongVest, on a quarterly basis (or such other period as set forth on Schedule A), the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed.

Unless and until the Parties mutually agree otherwise in writing, Seller may continue Seller Administration indefinitely, including following the completion of the Offering.

Notwithstanding anything herein to the contrary, Seller shall only be required to execute or maintain Letters of Direction to the extent Seller elects LOD-based administration pursuant to this Section or as otherwise required under the "Change in Ownership; Sale of Fund" section below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. **Third-Party Noncompliance:** Seller shall use commercially reasonable efforts to cause applicable third parties to comply with the elected administration method. In the event of any failure by a third party to remit Royalties as required, Seller shall remain responsible for remitting to SongVest the applicable Royalties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. **Audit and Reporting:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. If Seller elects Letters of Direction ("LODs") pursuant to the Administration Election above (or if LODs are required under the "Change in Ownership; Sale of Fund" section below), Seller shall execute and maintain irrevocable letters of direction ("LOD"), a copy of which is attached hereto as Exhibit A, directing Distributor, Artist, Publisher, PRO and/or other third party, as applicable, to account and pay to SongVest the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed for the entire Royalty Period at the same time and on the same terms as such party is required to account to Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. If Seller elects Seller Administration pursuant to the Administration Election above (or if Seller elects Letters of Direction ("LODs") pursuant to the Administration Election above (or if LODs are required under the "Change in Ownership; Sale of Fund" section below), and if Distributor, Artist, Publisher, PRO and/or other third party, as applicable, fails to account or pay Royalties to SongVest directly as required hereunder and instead pays such Royalties to Seller), Seller shall account to SongVest via a statement and pay all Royalties earned and received by Seller during such period no later than thirty (30) days after receipt by Seller of such Royalties. All payments shall be made to SongVest via wire transfer of immediately available funds pursuant to SongVest's written instructions for same. In the event Seller conducts an audit of any of Distributor's or Artist's (or other distributor's, publishers, PRO's or licenses) books and records regarding the sale of any Asset in the Portfolio at any time during the Term, Seller shall notify SongVest thereof and allow, to the extent Seller has the right to allow, SongVest to participate in such audit as it relates to sales of Portfolio. In the event Seller receives any proceeds or awards from any such audit or other claim relating to the Portfolio, Seller will immediately notify SongVest thereof and pay to SongVest its proportionate share of the proceeds (subject to a deduction therefrom of Seller's actual, verifiable costs in conducting such audit or claim). Upon SongVest's request therefor and subject to SongVest covering the costs thereof, Seller agrees, to the extent Seller has the right to do so, to conduct an audit of Distributor's or Artist's books and records related solely to accountings in connection with Royalties hereunder. In the event such audit reveals an underpayment of any monies due and payable in connection with Assets that were the subject of such audit, Seller shall ensure that such additional monies are collected and paid directly to SongVest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. At any time within two (2) years after any statement is rendered to SongVest hereunder, SongVest shall have the right to, upon thirty (30) days written notice, examine Seller's books and records with respect to such statement. Such examination shall be at SongVest's sole cost and expense, by a certified public accountant or other qualified representative designated by SongVest. Such examination shall be made during Seller's usual business hours at the place where Seller maintains the books and records which relate to the Portfolio and which are necessary to verify the accuracy of the statement. Seller shall have no obligation to produce such books and records more than once with respect to each statement rendered to SongVest. Unless notice shall have been given to Seller as provided hereinabove, each royalty statement rendered to SongVest shall be final, conclusive and binding on SongVest and shall constitute an account stated. SongVest shall be foreclosed from maintaining any action, claim or proceeding against Seller in any forum or tribunal with respect to any statement or accounting rendered hereunder unless such action, claim or proceeding is commenced against Seller in a court of competent jurisdiction within eighteen (18) months after the date such statement or accounting is rendered. All audit, accounting, reporting, payment timing, and interest provisions shall apply on a pro rata basis solely with respect to Royalty Interests sold and closed from time to time pursuant to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. At any time within two (2) years after any payment is rendered to Seller by SongVest hereunder, Seller shall have the right to, upon
thirty (30) days written notice, examine SongVest's books and records with respect to such payment. Such examination shall be at
SongVest's sole cost and expense, by a certified public accountant or other qualified representative designated by SongVest. Such
examination shall be made during SongVest's usual business hours at the place where SongVest maintains the books and records which
relate to the Offering and which are necessary to verify the accuracy of the payment to Seller. SongVest shall have no obligation to produce
such books and records more than once with respect to each payment made to Seller. Unless notice shall have been given to SongVest as
provided hereinabove, each payment rendered to Seller shall be final, conclusive and binding on Seller and shall constitute an account
stated. Seller shall be foreclosed from maintaining any action, claim or proceeding against SongVest in any forum or tribunal with respect
to any payment rendered to Seller hereunder unless such action, claim or proceeding is commenced against SongVest in a court of competent
jurisdiction within twenty-four (24) months after the date such payment is received by Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **Seller's Representations, Warranties and Covenants**. The Seller hereby represents, warrants and covenants to SongVest that as of the date hereof:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller: (i) owns and/or has the irrevocable, exclusive right to receive the Royalties free and clear of any mortgage, pledge, lien, charge, security interest, encumbrance, restriction or adverse claim of any nature whatsoever (collectively, "Liens"), other than any tax obligation that Seller must satisfy in connection with the purchase and sale of the Royalties hereunder, (ii) is not aware of any Liens being asserted against the Royalties, (iii) has not consented to the imposition of any Liens on the Royalties and (iv) has not sold, assigned, transferred or otherwise encumbered any of Seller's rights in the Royalties to any person or entity other than SongVest;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Seller is competent to enter into (and understands the terms of) this Agreement and has been represented by tax and accounting advisors and legal counsel in the negotiation and execution of this Agreement, or knowingly waived Seller's right to do so;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Seller intends to (and shall) fully and timely satisfy all tax obligations of Seller flowing from this Agreement from the proceeds Seller receives from SongVest hereunder; In the event Seller fails to satisfy tax obligations flowing from this Agreement, SongVest will not be subject to liability on behalf of Seller;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Seller shall indemnify, defend and hold harmless SongVest, its agents, attorneys, employees, officers, directors, successors and assigns (collectively, the Indemnified Parties") from and against all claims, losses, damages, penalties, judgments, lawsuits and all related costs and expenses of any nature (including legal fees and costs) (collectively, "Costs") which may be incurred by or asserted against any of the Indemnified Parties arising out of, related to, or in connection with any breach or alleged breach by Seller of Seller's obligations, agreements, covenants, representations and/or warranties in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Seller has all necessary right, power, legal capacity and authority, and all necessary actions on the part of Seller (including action required to be taken by Seller's officers, directors, shareholders, trustees, executors or representatives) have been duly and validly taken to authorize Seller: (i) to own the Royalties; (ii) to sell, assign and transfer the Royalties as provided herein; (iii) to effectuate the execution and delivery of this Agreement; (iv) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (v) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. No approvals or consents of any persons or entities other than Seller are necessary in connection therewith, including, without limitation, any approval or consent by the Artists, Distributor, any co-writers or owners of the Assets, and/or any third-party publishers or PRO's, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. As of the date of execution of this Agreement, Seller has no outstanding, unrecouped, and/or unearned advances in respect of or affecting the Royalties and, at no time during the Term will Seller enter into any agreement affecting the payment of Royalties hereunder, including, without limitation, any agreement whereby Seller receives any advance or other monies that are recoupable from (or otherwise reduce) Royalties payable hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. All federal, state and local taxes accrued or owing by Seller to and including the date of execution of this Agreement arising out of or in connection with the Royalties, including without limitation any sales or transfer taxes resulting from the transaction contemplated herein, if any, have been or will be paid or caused to be paid by Seller. The Royalties are free and clear of any and all liens, charges, mortgages, pledges, claims, encumbrances, obligations or liabilities of any kind or nature whatsoever whether accrued, absolute, contingent or otherwise, which would negatively affect the transfer to SongVest of the right to receive the Royalties hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Throughout the Term, Seller shall not take any voluntary action intended to materially impair, delay, or reduce the Royalties payable to SongVest pursuant to this Agreement. The foregoing restriction shall not apply to any of Sellers's distributors, Publishers, or PROs, provided Seller shall provide written notice to SongVest of any sale by the foregoing promptly upon receiving notice from such third parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Seller will not grant any rights or incur any obligations that are inconsistent with the rights granted herein or Seller's obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. Seller will maintain the power, right and authority to perform its obligations hereunder at all times during the Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k. Each Seller Agreement is: (i) in full force and effect as of the date hereof, and shall remain in effect throughout the entire Term and (ii) a valid and binding agreement between Seller and the applicable third party (e.g., Artist) wherein Seller is irrevocably entitled to receive and retain all Royalties with respect to the Assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l. At no time during the Term shall Seller terminate, rescind, revoke or attempt to terminate, rescind or revoke such Seller Agreement or any LOD without the prior written approval of SongVest.

SongVest hereby represents, warrants and covenants to the Seller that as of the date hereof SongVest has all necessary right, power, legal capacity and authority to (i) sell, market (directly or indirectly) advertise or promote securities as that term is understood by the U.S. Securities and Exchange Commission (SEC) including any related to the Portfolio, (ii) to effectuate the execution and delivery of this Agreement; (iii) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (iv) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. This Agreement is legal, valid, and binding upon SongVest and is enforceable in accordance with its terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. **Distribution**. Seller shall notify SongVest of any change in distributor, administrator, publisher, or other revenue source and shall cooperate fully to ensure uninterrupted payment of Royalties to SongVest, including execution of replacement LODs if required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **Change in Ownership; Sale of Portfolio.** In the event Seller sells, transfers, assigns, or otherwise disposes of the Portfolio, any of the Assets, or any interest therein, or if there is any change of ownership or control of Seller (each, a "Change of Control Transaction"), Seller shall, and shall cause any acquiring or successor owner to, promptly take all actions necessary to ensure SongVest continues to receive its applicable share of Royalties without interruption or diminution.

Without limiting the foregoing, Seller shall ensure that all required assignments, notices, letters of direction, payee change forms, and other documentation are executed and delivered directly to all applicable distributors, publishers, administrators, collection societies, digital service providers, and other revenue sources to provide for SongVest to be paid directly, or through a mutually agreed payment mechanism, its applicable pro rata share of Royalties. Any acquiring or successor owner shall automatically assume responsibility for the ongoing administration of the Assets and shall remit to SongVest all Royalties due pursuant to this Agreement **without any deduction, offset, recoupment, or administration fee of any kind**. Seller acknowledges that injunctive relief and specific performance may be appropriate remedies for any breach of this Section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. **Successors & Assigns**. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, permitted assigns, heirs, executors and administrators. Either party may assign this Agreement or any of its rights or obligations hereunder to a third party which agrees to assume the assigning party's obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. **Notices**. All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been given (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); or (c) on the third (3<sup>rd</sup>) day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications must be sent 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 6**):

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| | |
|:---|:---|
| If to Seller: | [_] |
| If to SongVest: | RoyaltyTraders, LLC dba SongVest |
|  | 1053 East Whitaker Mill Road, Suite 115 |
|  | Raleigh, NC 27604 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. **Choice of Law**. This Agreement shall be governed by and construed in accordance with the laws of the State of Tennessee, USA (without regard to its conflicts of law doctrines) as if this Agreement were entered into and wholly to be performed therein. All actions arising out of or relating to this Agreement shall be brought in the State or Federal courts in Davidson County, Tennessee, and the parties hereby submit to the jurisdiction of such courts. If any legal action or other proceeding is brought for the enforcement of this Agreement or as a result of a breach, default or misrepresentation in connection with any of the provisions of this Agreement, the successful or prevailing party shall be entitled to recover reasonable attorneys' fees and other costs insured in such action or proceeding in addition to any other relief to which such party may be entitled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. **Entire Agreement; Modifications; Headings**. This Agreement, together with the Closing Documents, constitute the entire understanding between the Parties with respect to the transactions contemplated herein and supersede all other agreements and understandings between the Parties; provided, however, that in the event of any conflict, the terms of this Agreement shall prevail. No modification of this Agreement shall be valid unless in writing and signed by both Parties. The titles and headings of the various articles and sections in this Agreement are intended solely for convenience of reference and are not intended for any other purpose whatsoever or to explain, modify, or place any construction on any of the provisions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. **No Third-Party Beneficiary.** The Parties acknowledge and agree that each Investor is an intended third-party beneficiary solely with respect to the economic right to receive Royalties under this Agreement. Notwithstanding the foregoing, each Investor has irrevocably and exclusively delegated all rights to enforce this Agreement to SongVest Pursuant to the terms under which each Investor subscribes through the SongVest platform. The existence of third-party beneficiary status shall not expand the duties, liabilities, or remedies of Seller or Songvest beyond those expressly set forth herein, and all limitation of liabilities, waivers, and restrictions contained in this Agreement shall apply equally to any claim asserted for the benefit of Investors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. **Limitation of Liability.** To the maximum extent permitted by applicable law, neither SongVest nor the Seller shall by liable to the other for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, loss of revenue, loss of data, or loss of business opportunity, arising out of or relating to this Agreement, whether based on contract, tort (including negligence), strict liability, or any other legal theory, even if such party has been advised of the possibility of such damages. In no event shall SongVest's or the Seller's aggregate liability arising out of or related to this Agreement exceed the greater of (i) the Purchase Price, or (ii) the Royalties paid or payable under this Agreement in the twelve (12) month period immediately preceding the event giving rise to the claim. This limitation of liability shall not apply to SongVest's or the Seller's gross negligence or willful misconduct. For the avoidance of doubt, all limitations of liability and waivers set forth in this Agreement apply to any claims asserted for the benefit of Investors, whether directly or indirectly.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. **Counterparts; Facsimile Signatures**. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same instrument. A signed copy of this Agreement delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement.

[Signatures to be provided on following page]

IN WITNESS WHEREOF, the Parties have executed this Agreement under seal (each Party adopting the word "SEAL" as its true and lawful seal) as of the date first set forth above.

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| | |
|:---|:---|
| **SongVest:** | **SongVest:** |
| RoyaltyTraders LLC dba SongVest | RoyaltyTraders LLC dba SongVest |
| By: | (SEAL) |
| Name: | Sean Peace |
| Title: | Founder/CEO |

---

---

| | |
|:---|:---|
| **Seller:** | **Seller:** |
| [_] | [_] |
| By: | (SEAL) |
| Name: | [_] |
| Title: | President |

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**SCHEDULE A**

**PORTFOLIO/REVENUE SOURCES/PERCENTAGE INTERESTS**

1. **Royalty Period –** With respect to each Asset, commencing on <u>the date of the closing of the Offering</u> and ending upon <u>the expiration of copyright</u> in such Asset.

2. **Assets** – The following are the type(s) of Assets contained in the Portfolio:

---

| | | |
|:---|:---|:---|
| **TITLE** | **Song ID** | **SELLER'S % INTEREST** |
| "Stand By You" | See attached Exhibit B | 75% |

---

3. **Percentage Interests** – The Percentage Interest in Seller's Revenue Sources is a maximum of <u>Seventy-Five Percent (75%)</u>, subject to clause 6, below.

4. **Revenue Sources** – The Revenue Sources from sales and/or exploitations of Assets are as follows:

---

| | |
|:---|:---|
| A. | Type: |
|  | **<u>Master Recording Royalties</u>** |
| B. | Share: |
|  | **<u>Producer's Share</u>** |

---

5. **Distributors –** The current Distributors, Labels, and/or PROs, as applicable, of Assets:

**<u>Sony Music - Currently Being Collected by [_]</u>**

6. **Purchase Price and Royalty Interest** – The Purchase Price shall be equal to either (i) the "Minimum: set forth below; (ii) the "Maximum" set forth below; or (iii) a number in between the "Minimum" and "Maximum" set forth below:

● <u>Minimum</u>: $<u>1.00</u>, which shall entitle SongVest to <u>1</u> % Royalty Interest in the Royalties **<sup>(1)</sup>** 

● <u>Maximum</u>: $<u>58,864.00</u>, which shall entitle SongVest to a <u>75</u> % Royalty Interest in the Royalties **<sup>(1)</sup>** 

7. **Artist** – The musical group or recording artist whose performances are embodied in the Asset(s) are:

"Stand By You"-"Rachel Platten"

***(1)***  ***For any Purchase Price that falls between the Minimum or Maximum amounts set forth above, the Royalty Interest in the Royalties to which SongVest shall be entitled will be calculated by multiplying the Purchase Price by a fraction, for which the numerator shall be the Purchase Price, and the denominator shall be the Maximum amount set forth above.*** 

Sch. A-1

**SCHEDULE B: FEES AND EXPENSES**

SongVest intends to collect a fee equal to approximately 26% of the Purchase Price as compensation for its role in facilitating the Transaction.

The Purchase Price agreed to by the Seller herein is not reduced by the aforementioned fees. SongVest may elect to forego these fees at its sole discretion.

Sch. B-1

**EXHIBIT A**

[_] <br>Re: <u>Notice of Assignment of Income</u>

Gentlepersons:

Reference is made to the Royalty Option Agreement, effective as of the Effective Date (the 'Agreement') by and between [_], individually and on behalf of its affiliates (Collectively, the "Seller"), and RoyaltyTraders LLC, d/b/a Songvest (the "Purchaser"). Capitalized terms used herein which are not defined herein shall have the meanings ascribed thereto in the Agreement.

As evidenced by the Agreement, Purchaser has acquired from Seller, throughout the world, the exclusive right to receive and collect the applicable Royalty Interest (as defined in the Agreement and Schedule A) of Seller's share of royalties from the Performance Royalties (and other Assets) accrued and unpaid and hereafter accruing (the "Assigned Royalties"). Accordingly, from and after the applicable Closing Date(s), you are to remit to Purchaser all of the Assigned Royalties, regardless of when earned, to Purchaser, and send them along with any corresponding statements, notices and correspondence to:

RoyaltyTraders, LLC dba SongVest

Attn: Royalty Payments Dept.

1053 East Whitaker Road, Suite 115

Raleigh, NC 27604

Or electronically to <u>finance@songvest.com</u>

Please confirm your receipt of this notice.

Very Truly Yours,

[_]

**EXHIBIT B**

Complete Song ID List

---

| | |
|:---|:---|
| **ISRC** | **Title** |
| USSM11506529 | Stand By You |
| USSM11600383 | Stand By You |
| USSM11509062 | Stand By You |

---

## Ex1A-6

**Exhibit 6.44**

**ROYALTY OPTION AGREEMENT**

This Royalty Option Agreement ("**Agreement**") is entered into as of January 26, 2026, by and between RoyaltyTraders LLC dba SongVest, a Delaware limited liability company ("**SongVest**") at 1053 East Whitaker Rd Suite 115, Raleigh, NC 27604, and _____________ ("**Seller**") and, collectively with SongVest, the "**Parties.**"

WHEREAS, Seller is granting to SongVest an exclusive option to enter into the Transaction (as defined below);

WHEREAS, subject to satisfaction of the Option Threshold (as defined below), Seller will sell to SongVest the right to receive Royalties deriving from the Portfolio during the Royalty Periods (as listed on Schedule A), and SongVest will issue proceed rights units (each, a "**Unit**," and collectively, the "Proceed Rights") to third-party investors via the SongVest platform;

WHEREAS, the Parties desire to memorialize their agreement regarding the Royalties to be directed and paid to SongVest in exchange for payment of the Purchase Price to Seller;

NOW, THEREFORE, in consideration of the mutual covenants herein, the Parties agree as follows:

**Certain Defined Terms**. For purposes of this Agreement, the following terms shall have the meanings set forth below:

"**Assets**" means the assets contained in the Portfolio (e.g., Sound Recordings, Compositions) as listed on Schedule A attached hereto and made a part hereof.

"**Artist(s)**" means those recording artists whose musical performances are embodied in the Assets contained in the Portfolio, if any, and as set forth on Schedule A.

"**Compositions**" means those musical compositions the titles of which are set forth on Schedule A, if any.

"**Distributor(s)**" means any third-party distributor, including a record label or online digital distribution company, that sells, markets, and/or distributes sound recordings embodying the Assets.

"**Fees and Expenses**" means the fees and expenses, including Anticipated Fees, incurred by SongVest for its time and effort to place the Proceed Rights into the Offering and market the Units and Proceed Rights to the general public. Fees and Expenses include, without limitation, legal and other regulator costs related to completing the Offering memorandum and closing. Anticipated Fees are outlined in Schedule B, though actual Fees and Expenses may differ.

"**Net Revenue**" means the Royalties generated from the Portfolio Assets less any service fee charged by the Distributor (or other third party) and current taxes payable during the current period as withheld by the Distributor (or other third party) for the sole purpose of remittal to an entity with taxing authority in the normal course of business.

"**Offering**" means the offering held by SongVest via the Site wherein investors are issued the Units and Proceed Rights.

"**Option Threshold**" means $1.00.

"**Percentage Interest**" means the percentage of Seller's revenue that is available for SongVest to receive from the Seller with respect to the Revenue Sources, up to a maximum of twenty percent (20%), subject to clause 6 of Schedule A.

"**Portfolio**" means the portfolio of Assets as set forth on Schedule A.

"**PRO**" means Seller's public performance rights organization, if any.

"**Purchase Price**" means the purchase price for the Royalties by SongVest as set forth on Schedule A.

"**Sound Recordings**" means those sound recordings embodying the performances of Artist(s) and set forth on Schedule A, if any.

"**Revenue Sources**" means those sources of revenue earned and received by Seller and from which the Royalties are derived from the Assets, which may include, as set forth herein, streaming of the Sound Recordings, record sales, neighboring rights, licensing, or digital sales.

"**Royalty Period**" means, with respect to the Royalties, the period commencing with the initial payment of the Royalties to SongVest and ending on such date as set forth in Schedule A.

"**Royalties**" means the royalties payable to SongVest in connection with the Portfolio that derive from the Revenue Sources based on the Percentage Interest.

"**Royalty Interest**" means the percentage of the Royalties that SongVest is entitled to as set forth in Schedule A based on the Percentage Interest.

"**Seller Agreements**" means those agreements between Seller and third parties, including Artists and/or Distributors, wherein Seller is entitled to receive the Percentage Interest of all Assets.<br>

"**Streaming**" means the Net Revenue payable to Seller derived from the Portfolio (including all Assets) from Distributor, Artist, Publisher, and/or PRO, as applicable, from all digital streaming platforms (e.g., Spotify) and reported by any source (digital service providers, SoundExchange, Distributor or other companies collecting streaming income on the Portfolio).

"**Term**" means the term of this Agreement, which Term shall commence on the date of signature of this Agreement and continue until the earlier of (a) the date that is twelve (12) months following the Effective Date, if the Option Threshold has not been satisfied by such date; or (b) the date on which all Royalties payable with respect to all Royalty Interests sold and closed hereunder have been paid in full to SongVest. For the avoidance of doubt, upon satisfaction of the Option Threshold, SongVest's option to enter into the Transaction shall be deemed exercised, and the Term shall continue through the expiration of all applicable Royalty Periods with respect to Royalty Interests sold and closed, regardless of whether the Offering is completed or additional Royalty Interests are sold.

"**Videos**" means those audiovisual recordings of Sound Recordings and set forth on Schedule A, if any.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. **Transaction/Offering.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller hereby grants to SongVest the exclusive right during the Term to conduct the Offering. SongVest may conduct the Offering in one or more closings, including on a rolling or quarterly basis, in SongVest's sole discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The Parties acknowledge and agree that the **Option Threshold shall be deemed satisfied upon the funding of at least One Dollar ($1.00)**. Upon satisfaction of the Option Threshold, SongVest's option shall be deemed exercised with respect to the Royalty Interests sold and closed from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The Offering may be closed in one or more closings (each, a "**Closing** "). At each Closing, Seller shall irrevocably assign, grant, and convey to SongVest the applicable pro rata Royalty Interest corresponding solely to the portion of the Purchase Price funded at such Closing, as further set forth on Schedule A. No Royalty Interest shall vest or accrue except with respect to amounts actually sold and closed. Royalties attributable to Royalty Interests sold at a given Closing shall accrue only from and after such Closing and shall not relate back to any prior period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Promptly following each Closing, and in any event within five (5) business days of such Closing, SongVest shall remit to Seller the Purchase Price (without any deduction or set-off) funded at such Closing, in accordance with the payment instructions provided to SongVest by Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **Royalties**. Seller agrees that, during the applicable Royalty Periods, all Royalties derived from the Portfolio Assets and applicable Revenue Sources shall be paid or directed to SongVest in accordance with this Agreement and Schedule A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. **Administration Election:** Seller shall administer Royalties in one of the following manners, as elected by Seller in writing (Seller hereby elects option (ii)(Seller Administration)):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. **Letters of Direction ("LODs").** Seller shall execute and maintain irrevocable letters of direction directing applicable distributors, publishers, administrators, PROs, and other revenue sources to remit directly to SongVest the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed; **or** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. **Seller Administration.** Seller shall continue to administer and collect all Royalties and shall remit to SongVest, on a quarterly basis (or such other period as set forth on Schedule A), the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed.

Unless and until the Parties mutually agree otherwise in writing, Seller may continue Seller Administration indefinitely, including following the completion of the Offering.

Notwithstanding anything herein to the contrary, Seller shall only be required to execute or maintain Letters of Direction to the extent Seller elects LOD-based administration pursuant to this Section or as otherwise required under the "Change in Ownership; Sale of Fund" section below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. **Third-Party Noncompliance:** Seller shall use commercially reasonable efforts to cause applicable third parties to comply with the elected administration method. In the event of any failure by a third party to remit Royalties as required, Seller shall remain responsible for remitting to SongVest the applicable Royalties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. **Audit and Reporting:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. If Seller elects Letters of Direction ("LODs") pursuant to the Administration Election above (or if LODs are required under the "Change in Ownership; Sale of Fund" section below), Seller shall execute and maintain irrevocable letters of direction ("LOD"), a copy of which is attached hereto as Exhibit A, directing Distributor, Artist, Publisher, PRO and/or other third party, as applicable, to account and pay to SongVest the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed for the entire Royalty Period at the same time and on the same terms as such party is required to account to Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. If Seller elects Seller Administration pursuant to the Administration Election above (or if Seller elects Letters of Direction ("LODs") pursuant to the Administration Election above (or if LODs are required under the "Change in Ownership; Sale of Fund" section below), and if Distributor, Artist, Publisher, PRO and/or other third party, as applicable, fails to account or pay Royalties to SongVest directly as required hereunder and instead pays such Royalties to Seller), Seller shall account to SongVest via a statement and pay all Royalties earned and received by Seller during such period no later than thirty (30) days after receipt by Seller of such Royalties. All payments shall be made to SongVest via wire transfer of immediately available funds pursuant to SongVest's written instructions for same. In the event Seller conducts an audit of any of Distributor's or Artist's (or other distributor's, publishers, PRO's or licenses) books and records regarding the sale of any Asset in the Portfolio at any time during the Term, Seller shall notify SongVest thereof and allow, to the extent Seller has the right to allow, SongVest to participate in such audit as it relates to sales of Portfolio. In the event Seller receives any proceeds or awards from any such audit or other claim relating to the Portfolio, Seller will immediately notify SongVest thereof and pay to SongVest its proportionate share of the proceeds (subject to a deduction therefrom of Seller's actual, verifiable costs in conducting such audit or claim). Upon SongVest's request therefor and subject to SongVest covering the costs thereof, Seller agrees, to the extent Seller has the right to do so, to conduct an audit of Distributor's or Artist's books and records related solely to accountings in connection with Royalties hereunder. In the event such audit reveals an underpayment of any monies due and payable in connection with Assets that were the subject of such audit, Seller shall ensure that such additional monies are collected and paid directly to SongVest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. At any time within two (2) years after any statement is rendered to SongVest hereunder, SongVest shall have the right to, upon thirty (30) days written notice, examine Seller's books and records with respect to such statement. Such examination shall be at SongVest's sole cost and expense, by a certified public accountant or other qualified representative designated by SongVest. Such examination shall be made during Seller's usual business hours at the place where Seller maintains the books and records which relate to the Portfolio and which are necessary to verify the accuracy of the statement. Seller shall have no obligation to produce such books and records more than once with respect to each statement rendered to SongVest. Unless notice shall have been given to Seller as provided hereinabove, each royalty statement rendered to SongVest shall be final, conclusive and binding on SongVest and shall constitute an account stated. SongVest shall be foreclosed from maintaining any action, claim or proceeding against Seller in any forum or tribunal with respect to any statement or accounting rendered hereunder unless such action, claim or proceeding is commenced against Seller in a court of competent jurisdiction within eighteen (18) months after the date such statement or accounting is rendered. All audit, accounting, reporting, payment timing, and interest provisions shall apply on a pro rata basis solely with respect to Royalty Interests sold and closed from time to time pursuant to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. At any time within two (2) years after any payment is rendered to Seller by SongVest hereunder, Seller shall have the right to, upon
thirty (30) days written notice, examine SongVest's books and records with respect to such payment. Such examination shall be at
SongVest's sole cost and expense, by a certified public accountant or other qualified representative designated by SongVest. Such
examination shall be made during SongVest's usual business hours at the place where SongVest maintains the books and records which
relate to the Offering and which are necessary to verify the accuracy of the payment to Seller. SongVest shall have no obligation to produce
such books and records more than once with respect to each payment made to Seller. Unless notice shall have been given to SongVest as
provided hereinabove, each payment rendered to Seller shall be final, conclusive and binding on Seller and shall constitute an account
stated. Seller shall be foreclosed from maintaining any action, claim or proceeding against SongVest in any forum or tribunal with respect
to any payment rendered to Seller hereunder unless such action, claim or proceeding is commenced against SongVest in a court of competent
jurisdiction within twenty-four (24) months after the date such payment is received by Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **Seller's Representations, Warranties and Covenants**. The Seller hereby represents, warrants and covenants to SongVest that as of the date hereof:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller: (i) owns and/or has the irrevocable, exclusive right to receive the Royalties free and clear of any mortgage, pledge, lien, charge, security interest, encumbrance, restriction or adverse claim of any nature whatsoever (collectively, "Liens"), other than any tax obligation that Seller must satisfy in connection with the purchase and sale of the Royalties hereunder, (ii) is not aware of any Liens being asserted against the Royalties, (iii) has not consented to the imposition of any Liens on the Royalties and (iv) has not sold, assigned, transferred or otherwise encumbered any of Seller's rights in the Royalties to any person or entity other than SongVest;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Seller is competent to enter into (and understands the terms of) this Agreement and has been represented by tax and accounting advisors and legal counsel in the negotiation and execution of this Agreement, or knowingly waived Seller's right to do so;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Seller intends to (and shall) fully and timely satisfy all tax obligations of Seller flowing from this Agreement from the proceeds Seller receives from SongVest hereunder; In the event Seller fails to satisfy tax obligations flowing from this Agreement, SongVest will not be subject to liability on behalf of Seller;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Seller shall indemnify, defend and hold harmless SongVest, its agents, attorneys, employees, officers, directors, successors and assigns (collectively, the Indemnified Parties") from and against all claims, losses, damages, penalties, judgments, lawsuits and all related costs and expenses of any nature (including legal fees and costs) (collectively, "Costs") which may be incurred by or asserted against any of the Indemnified Parties arising out of, related to, or in connection with any breach or alleged breach by Seller of Seller's obligations, agreements, covenants, representations and/or warranties in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Seller has all necessary right, power, legal capacity and authority, and all necessary actions on the part of Seller (including action required to be taken by Seller's officers, directors, shareholders, trustees, executors or representatives) have been duly and validly taken to authorize Seller: (i) to own the Royalties; (ii) to sell, assign and transfer the Royalties as provided herein; (iii) to effectuate the execution and delivery of this Agreement; (iv) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (v) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. No approvals or consents of any persons or entities other than Seller are necessary in connection therewith, including, without limitation, any approval or consent by the Artists, Distributor, any co-writers or owners of the Assets, and/or any third-party publishers or PRO's, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. As of the date of execution of this Agreement, Seller has no outstanding, unrecouped, and/or unearned advances in respect of or affecting the Royalties and, at no time during the Term will Seller enter into any agreement affecting the payment of Royalties hereunder, including, without limitation, any agreement whereby Seller receives any advance or other monies that are recoupable from (or otherwise reduce) Royalties payable hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. All federal, state and local taxes accrued or owing by Seller to and including the date of execution of this Agreement arising out of or in connection with the Royalties, including without limitation any sales or transfer taxes resulting from the transaction contemplated herein, if any, have been or will be paid or caused to be paid by Seller. The Royalties are free and clear of any and all liens, charges, mortgages, pledges, claims, encumbrances, obligations or liabilities of any kind or nature whatsoever whether accrued, absolute, contingent or otherwise, which would negatively affect the transfer to SongVest of the right to receive the Royalties hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Throughout the Term, Seller shall not take any voluntary action intended to materially impair, delay, or reduce the Royalties payable to SongVest pursuant to this Agreement. The foregoing restriction shall not apply to any of Sellers's distributors, Publishers, or PROs, provided Seller shall provide written notice to SongVest of any sale by the foregoing promptly upon receiving notice from such third parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Seller will not grant any rights or incur any obligations that are inconsistent with the rights granted herein or Seller's obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. Seller will maintain the power, right and authority to perform its obligations hereunder at all times during the Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k. Each Seller Agreement is: (i) in full force and effect as of the date hereof, and shall remain in effect throughout the entire Term and (ii) a valid and binding agreement between Seller and the applicable third party (e.g., Artist) wherein Seller is irrevocably entitled to receive and retain all Royalties with respect to the Assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l. At no time during the Term shall Seller terminate, rescind, revoke or attempt to terminate, rescind or revoke such Seller Agreement or any LOD without the prior written approval of SongVest.

SongVest hereby represents, warrants and covenants to the Seller that as of the date hereof SongVest has all necessary right, power, legal capacity and authority to (i) sell, market (directly or indirectly) advertise or promote securities as that term is understood by the U.S. Securities and Exchange Commission (SEC) including any related to the Portfolio, (ii) to effectuate the execution and delivery of this Agreement; (iii) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (iv) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. This Agreement is legal, valid, and binding upon SongVest and is enforceable in accordance with its terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. **Distribution**. Seller shall notify SongVest of any change in distributor, administrator, publisher, or other revenue source and shall cooperate fully to ensure uninterrupted payment of Royalties to SongVest, including execution of replacement LODs if required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **Change in Ownership; Sale of Portfolio.** In the event Seller sells, transfers, assigns, or otherwise disposes of the Portfolio, any of the Assets, or any interest therein, or if there is any change of ownership or control of Seller (each, a "Change of Control Transaction"), Seller shall, and shall cause any acquiring or successor owner to, promptly take all actions necessary to ensure SongVest continues to receive its applicable share of Royalties without interruption or diminution.

Without limiting the foregoing, Seller shall ensure that all required assignments, notices, letters of direction, payee change forms, and other documentation are executed and delivered directly to all applicable distributors, publishers, administrators, collection societies, digital service providers, and other revenue sources to provide for SongVest to be paid directly, or through a mutually agreed payment mechanism, its applicable pro rata share of Royalties. Any acquiring or successor owner shall automatically assume responsibility for the ongoing administration of the Assets and shall remit to SongVest all Royalties due pursuant to this Agreement **without any deduction, offset, recoupment, or administration fee of any kind**. Seller acknowledges that injunctive relief and specific performance may be appropriate remedies for any breach of this Section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. **Successors & Assigns**. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, permitted assigns, heirs, executors and administrators. Either party may assign this Agreement or any of its rights or obligations hereunder to a third party which agrees to assume the assigning party's obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. **Notices**. All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been given (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); or (c) on the third (3<sup>rd</sup>) day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications must be sent 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 6**):

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| | |
|:---|:---|
| If to Seller: | [_] |
| If to SongVest: | RoyaltyTraders, LLC dba SongVest |
|  | 1053 East Whitaker Mill Road, Suite 115 |
|  | Raleigh, NC 27604 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. **Choice of Law**. This Agreement shall be governed by and construed in accordance with the laws of the State of Tennessee, USA (without regard to its conflicts of law doctrines) as if this Agreement were entered into and wholly to be performed therein. All actions arising out of or relating to this Agreement shall be brought in the State or Federal courts in Davidson County, Tennessee, and the parties hereby submit to the jurisdiction of such courts. If any legal action or other proceeding is brought for the enforcement of this Agreement or as a result of a breach, default or misrepresentation in connection with any of the provisions of this Agreement, the successful or prevailing party shall be entitled to recover reasonable attorneys' fees and other costs insured in such action or proceeding in addition to any other relief to which such party may be entitled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. **Entire Agreement; Modifications; Headings**. This Agreement, together with the Closing Documents, constitute the entire understanding between the Parties with respect to the transactions contemplated herein and supersede all other agreements and understandings between the Parties; provided, however, that in the event of any conflict, the terms of this Agreement shall prevail. No modification of this Agreement shall be valid unless in writing and signed by both Parties. The titles and headings of the various articles and sections in this Agreement are intended solely for convenience of reference and are not intended for any other purpose whatsoever or to explain, modify, or place any construction on any of the provisions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. **No Third-Party Beneficiary.** The Parties acknowledge and agree that each Investor is an intended third-party beneficiary solely with respect to the economic right to receive Royalties under this Agreement. Notwithstanding the foregoing, each Investor has irrevocably and exclusively delegated all rights to enforce this Agreement to SongVest Pursuant to the terms under which each Investor subscribes through the SongVest platform. The existence of third-party beneficiary status shall not expand the duties, liabilities, or remedies of Seller or Songvest beyond those expressly set forth herein, and all limitation of liabilities, waivers, and restrictions contained in this Agreement shall apply equally to any claim asserted for the benefit of Investors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. **Limitation of Liability.** To the maximum extent permitted by applicable law, neither SongVest nor the Seller shall by liable to the other for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, loss of revenue, loss of data, or loss of business opportunity, arising out of or relating to this Agreement, whether based on contract, tort (including negligence), strict liability, or any other legal theory, even if such party has been advised of the possibility of such damages. In no event shall SongVest's or the Seller's aggregate liability arising out of or related to this Agreement exceed the greater of (i) the Purchase Price, or (ii) the Royalties paid or payable under this Agreement in the twelve (12) month period immediately preceding the event giving rise to the claim. This limitation of liability shall not apply to SongVest's or the Seller's gross negligence or willful misconduct. For the avoidance of doubt, all limitations of liability and waivers set forth in this Agreement apply to any claims asserted for the benefit of Investors, whether directly or indirectly.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. **Counterparts; Facsimile Signatures**. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same instrument. A signed copy of this Agreement delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement.

[Signatures to be provided on following page]

IN WITNESS WHEREOF, the Parties have executed this Agreement under seal (each Party adopting the word "SEAL" as its true and lawful seal) as of the date first set forth above.

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| | |
|:---|:---|
| **SongVest:** | **SongVest:** |
| RoyaltyTraders LLC dba SongVest | RoyaltyTraders LLC dba SongVest |
| By: | (SEAL) |
| Name: | Sean Peace |
| Title: | Founder/CEO |

---

---

| | |
|:---|:---|
| **Seller:** | **Seller:** |
| [_] | [_] |
| By: | (SEAL) |
| Name: | [_] |
| Title: | President |

---

**SCHEDULE A**

**PORTFOLIO/REVENUE SOURCES/PERCENTAGE INTERESTS**

1. **Royalty Period –** With respect to each Asset, commencing on <u>the date of the closing of the Offering</u> and ending upon <u>the expiration of copyright</u> in such Asset.

2. **Assets** – The following are the type(s) of Assets contained in the Portfolio:

---

| | | |
|:---|:---|:---|
| **TITLE** | **Song ID** | **SELLER'S % INTEREST** |
| "Fight Song" | See attached Exhibit B | 20% |

---

3. **Percentage Interests** – The Percentage Interest in Seller's Revenue Sources is a maximum of <u>Twenty Percent (20%)</u>, subject to clause 6, below.

4. **Revenue Sources** – The Revenue Sources from sales and/or exploitations of Assets are as follows:

---

| | |
|:---|:---|
| A. | Type: |
|  | **<u>Master Recording Royalties</u>** |
| B. | Share: |
|  | **<u>Producer's Share</u>** |

---

5. **Distributors –** The current Distributors, Labels, and/or PROs, as applicable, of Assets:

**<u>Sony Music - Currently Being Collected by [_]</u>**

6. **Purchase Price and Royalty Interest** – The Purchase Price shall be equal to either (i) the "Minimum: set forth below; (ii) the "Maximum" set forth below; or (iii) a number in between the "Minimum" and "Maximum" set forth below:

● <u>Minimum</u>: $<u>1.00</u>, which shall entitle SongVest to <u>1</u> % Royalty Interest in the Royalties **<sup>(1)</sup>** 

● <u>Maximum</u>: $<u>193,750.00</u>, which shall entitle SongVest to a <u>20</u> % Royalty Interest in the Royalties **<sup>(1)</sup>** 

7. **Artist** – The musical group or recording artist whose performances are embodied in the Asset(s) are:

"Fight Song"-"Rachel Platten"

***(1)***  ***For any Purchase Price that falls between the Minimum or Maximum amounts set forth above, the Royalty Interest in the Royalties to which SongVest shall be entitled will be calculated by multiplying the Purchase Price by a fraction, for which the numerator shall be the Purchase Price, and the denominator shall be the Maximum amount set forth above.*** 

Sch. A-1

**SCHEDULE B: FEES AND EXPENSES**

SongVest intends to collect a fee equal to approximately 26% of the Purchase Price as compensation for its role in facilitating the Transaction.

The Purchase Price agreed to by the Seller herein is not reduced by the aforementioned fees. SongVest may elect to forego these fees at its sole discretion.

Sch. B-1

**EXHIBIT A**

[_] <br>Re: <u>Notice of Assignment of Income</u>

Gentlepersons:

Reference is made to the Royalty Option Agreement, effective as of the Effective Date (the 'Agreement') by and between [_], individually and on behalf of its affiliates (Collectively, the "Seller"), and RoyaltyTraders LLC, d/b/a Songvest (the "Purchaser"). Capitalized terms used herein which are not defined herein shall have the meanings ascribed thereto in the Agreement.

As evidenced by the Agreement, Purchaser has acquired from Seller, throughout the world, the exclusive right to receive and collect the applicable Royalty Interest (as defined in the Agreement and Schedule A) of Seller's share of royalties from the Performance Royalties (and other Assets) accrued and unpaid and hereafter accruing (the "Assigned Royalties"). Accordingly, from and after the applicable Closing Date(s), you are to remit to Purchaser all of the Assigned Royalties, regardless of when earned, to Purchaser, and send them along with any corresponding statements, notices and correspondence to:

RoyaltyTraders, LLC dba SongVest

Attn: Royalty Payments Dept.

1053 East Whitaker Road, Suite 115

Raleigh, NC 27604

Or electronically to <u>finance@songvest.com</u>

Please confirm your receipt of this notice.

Very Truly Yours,

[_]

**EXHIBIT B**

Complete Song ID List

---

| | |
|:---|:---|
| **ISRC** | **Title** |
| USSM11507954 | Fight Song |
| USSM11500753 | Fight Song |
| USSM11507955 | Fight Song |
| USSM11509344 | Fight Song |
| USSM12300093 | Fight Song |
| USSM12300094 | Fight Song |

---

## Ex1A-6

**Exhibit 6.45**

**ROYALTY OPTION AGREEMENT**

This Royalty Option Agreement ("**Agreement**") is entered into as of January 26, 2026, by and between RoyaltyTraders LLC dba SongVest, a Delaware limited liability company ("**SongVest**") at 1053 East Whitaker Rd Suite 115, Raleigh, NC 27604, and _____________ ("**Seller**") and, collectively with SongVest, the "**Parties.**"

WHEREAS, Seller is granting to SongVest an exclusive option to enter into the Transaction (as defined below);

WHEREAS, subject to satisfaction of the Option Threshold (as defined below), Seller will sell to SongVest the right to receive Royalties deriving from the Portfolio during the Royalty Periods (as listed on Schedule A), and SongVest will issue proceed rights units (each, a "**Unit**," and collectively, the "Proceed Rights") to third-party investors via the SongVest platform;

WHEREAS, the Parties desire to memorialize their agreement regarding the Royalties to be directed and paid to SongVest in exchange for payment of the Purchase Price to Seller;

NOW, THEREFORE, in consideration of the mutual covenants herein, the Parties agree as follows:

**Certain Defined Terms**. For purposes of this Agreement, the following terms shall have the meanings set forth below:

"**Assets**" means the assets contained in the Portfolio (e.g., Sound Recordings, Compositions) as listed on Schedule A attached hereto and made a part hereof.

"**Artist(s)**" means those recording artists whose musical performances are embodied in the Assets contained in the Portfolio, if any, and as set forth on Schedule A.

"**Compositions**" means those musical compositions the titles of which are set forth on Schedule A, if any.

"**Distributor(s)**" means any third-party distributor, including a record label or online digital distribution company, that sells, markets, and/or distributes sound recordings embodying the Assets.

"**Fees and Expenses**" means the fees and expenses, including Anticipated Fees, incurred by SongVest for its time and effort to place the Proceed Rights into the Offering and market the Units and Proceed Rights to the general public. Fees and Expenses include, without limitation, legal and other regulator costs related to completing the Offering memorandum and closing. Anticipated Fees are outlined in Schedule B, though actual Fees and Expenses may differ.

"**Net Revenue**" means the Royalties generated from the Portfolio Assets less any service fee charged by the Distributor (or other third party) and current taxes payable during the current period as withheld by the Distributor (or other third party) for the sole purpose of remittal to an entity with taxing authority in the normal course of business.

"**Offering**" means the offering held by SongVest via the Site wherein investors are issued the Units and Proceed Rights.

"**Option Threshold**" means $1.00.

"**Percentage Interest**" means the percentage of Seller's revenue that is available for SongVest to receive from the Seller with respect to the Revenue Sources, up to a maximum of seventy-five percent (75%), subject to clause 6 of Schedule A.

"**Portfolio**" means the portfolio of Assets as set forth on Schedule A.

"**PRO**" means Seller's public performance rights organization, if any.

"**Purchase Price**" means the purchase price for the Royalties by SongVest as set forth on Schedule A.

"**Sound Recordings**" means those sound recordings embodying the performances of Artist(s) and set forth on Schedule A, if any.

"**Revenue Sources**" means those sources of revenue earned and received by Seller and from which the Royalties are derived from the Assets, which may include, as set forth herein, streaming of the Sound Recordings, record sales, neighboring rights, licensing, or digital sales.

"**Royalty Period**" means, with respect to the Royalties, the period commencing with the initial payment of the Royalties to SongVest and ending on such date as set forth in Schedule A.

"**Royalties**" means the royalties payable to SongVest in connection with the Portfolio that derive from the Revenue Sources based on the Percentage Interest.

"**Royalty Interest**" means the percentage of the Royalties that SongVest is entitled to as set forth in Schedule A based on the Percentage Interest.

"**Seller Agreements**" means those agreements between Seller and third parties, including Artists and/or Distributors, wherein Seller is entitled to receive the Percentage Interest of all Assets.<br>

"**Streaming**" means the Net Revenue payable to Seller derived from the Portfolio (including all Assets) from Distributor, Artist, Publisher, and/or PRO, as applicable, from all digital streaming platforms (e.g., Spotify) and reported by any source (digital service providers, SoundExchange, Distributor or other companies collecting streaming income on the Portfolio).

"**Term**" means the term of this Agreement, which Term shall commence on the date of signature of this Agreement and continue until the earlier of (a) the date that is twelve (12) months following the Effective Date, if the Option Threshold has not been satisfied by such date; or (b) the date on which all Royalties payable with respect to all Royalty Interests sold and closed hereunder have been paid in full to SongVest. For the avoidance of doubt, upon satisfaction of the Option Threshold, SongVest's option to enter into the Transaction shall be deemed exercised, and the Term shall continue through the expiration of all applicable Royalty Periods with respect to Royalty Interests sold and closed, regardless of whether the Offering is completed or additional Royalty Interests are sold.

"**Videos**" means those audiovisual recordings of Sound Recordings and set forth on Schedule A, if any.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. **Transaction/Offering.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller hereby grants to SongVest the exclusive right during the Term to conduct the Offering. SongVest may conduct the Offering in one or more closings, including on a rolling or quarterly basis, in SongVest's sole discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The Parties acknowledge and agree that the **Option Threshold shall be deemed satisfied upon the funding of at least One Dollar ($1.00)**. Upon satisfaction of the Option Threshold, SongVest's option shall be deemed exercised with respect to the Royalty Interests sold and closed from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The Offering may be closed in one or more closings (each, a "**Closing** "). At each Closing, Seller shall irrevocably assign, grant, and convey to SongVest the applicable pro rata Royalty Interest corresponding solely to the portion of the Purchase Price funded at such Closing, as further set forth on Schedule A. No Royalty Interest shall vest or accrue except with respect to amounts actually sold and closed. Royalties attributable to Royalty Interests sold at a given Closing shall accrue only from and after such Closing and shall not relate back to any prior period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Promptly following each Closing, and in any event within five (5) business days of such Closing, SongVest shall remit to Seller the Purchase Price (without any deduction or set-off) funded at such Closing, in accordance with the payment instructions provided to SongVest by Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **Royalties**. Seller agrees that, during the applicable Royalty Periods, all Royalties derived from the Portfolio Assets and applicable Revenue Sources shall be paid or directed to SongVest in accordance with this Agreement and Schedule A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. **Administration Election:** Seller shall administer Royalties in one of the following manners, as elected by Seller in writing (Seller hereby elects option (ii)(Seller Administration)):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. **Letters of Direction ("LODs").** Seller shall execute and maintain irrevocable letters of direction directing applicable distributors, publishers, administrators, PROs, and other revenue sources to remit directly to SongVest the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed; **or** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. **Seller Administration.** Seller shall continue to administer and collect all Royalties and shall remit to SongVest, on a quarterly basis (or such other period as set forth on Schedule A), the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed.

Unless and until the Parties mutually agree otherwise in writing, Seller may continue Seller Administration indefinitely, including following the completion of the Offering.

Notwithstanding anything herein to the contrary, Seller shall only be required to execute or maintain Letters of Direction to the extent Seller elects LOD-based administration pursuant to this Section or as otherwise required under the "Change in Ownership; Sale of Fund" section below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. **Third-Party Noncompliance:** Seller shall use commercially reasonable efforts to cause applicable third parties to comply with the elected administration method. In the event of any failure by a third party to remit Royalties as required, Seller shall remain responsible for remitting to SongVest the applicable Royalties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. **Audit and Reporting:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. If Seller elects Letters of Direction ("LODs") pursuant to the Administration Election above (or if LODs are required under the "Change in Ownership; Sale of Fund" section below), Seller shall execute and maintain irrevocable letters of direction ("LOD"), a copy of which is attached hereto as Exhibit A, directing Distributor, Artist, Publisher, PRO and/or other third party, as applicable, to account and pay to SongVest the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed for the entire Royalty Period at the same time and on the same terms as such party is required to account to Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. If Seller elects Seller Administration pursuant to the Administration Election above (or if Seller elects Letters of Direction ("LODs") pursuant to the Administration Election above (or if LODs are required under the "Change in Ownership; Sale of Fund" section below), and if Distributor, Artist, Publisher, PRO and/or other third party, as applicable, fails to account or pay Royalties to SongVest directly as required hereunder and instead pays such Royalties to Seller), Seller shall account to SongVest via a statement and pay all Royalties earned and received by Seller during such period no later than thirty (30) days after receipt by Seller of such Royalties. All payments shall be made to SongVest via wire transfer of immediately available funds pursuant to SongVest's written instructions for same. In the event Seller conducts an audit of any of Distributor's or Artist's (or other distributor's, publishers, PRO's or licenses) books and records regarding the sale of any Asset in the Portfolio at any time during the Term, Seller shall notify SongVest thereof and allow, to the extent Seller has the right to allow, SongVest to participate in such audit as it relates to sales of Portfolio. In the event Seller receives any proceeds or awards from any such audit or other claim relating to the Portfolio, Seller will immediately notify SongVest thereof and pay to SongVest its proportionate share of the proceeds (subject to a deduction therefrom of Seller's actual, verifiable costs in conducting such audit or claim). Upon SongVest's request therefor and subject to SongVest covering the costs thereof, Seller agrees, to the extent Seller has the right to do so, to conduct an audit of Distributor's or Artist's books and records related solely to accountings in connection with Royalties hereunder. In the event such audit reveals an underpayment of any monies due and payable in connection with Assets that were the subject of such audit, Seller shall ensure that such additional monies are collected and paid directly to SongVest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. At any time within two (2) years after any statement is rendered to SongVest hereunder, SongVest shall have the right to, upon thirty (30) days written notice, examine Seller's books and records with respect to such statement. Such examination shall be at SongVest's sole cost and expense, by a certified public accountant or other qualified representative designated by SongVest. Such examination shall be made during Seller's usual business hours at the place where Seller maintains the books and records which relate to the Portfolio and which are necessary to verify the accuracy of the statement. Seller shall have no obligation to produce such books and records more than once with respect to each statement rendered to SongVest. Unless notice shall have been given to Seller as provided hereinabove, each royalty statement rendered to SongVest shall be final, conclusive and binding on SongVest and shall constitute an account stated. SongVest shall be foreclosed from maintaining any action, claim or proceeding against Seller in any forum or tribunal with respect to any statement or accounting rendered hereunder unless such action, claim or proceeding is commenced against Seller in a court of competent jurisdiction within eighteen (18) months after the date such statement or accounting is rendered. All audit, accounting, reporting, payment timing, and interest provisions shall apply on a pro rata basis solely with respect to Royalty Interests sold and closed from time to time pursuant to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. At any time within two (2) years after any payment is rendered to Seller by SongVest hereunder, Seller shall have the right, upon thirty
(30) days' written notice, to examine SongVest's books and records solely to the extent reasonably necessary to verify the
calculation and accuracy of such payment to Seller under this Agreement. Such examination shall be limited to records directly related
to the determination of the amount payable to Seller hereunder and shall expressly exclude any records relating to (i) investor subscriptions,
allocations, or distributions, (ii) the Offering or any securities-related matters, or (iii) any systems, records, escrow accounts, or
processes maintained by North Capital or any other third-party service provider acting in a securities, escrow, or administrative capacity
in connection with the Offering. Any such examination shall be conducted at Seller's sole cost and expense, during SongVest's
usual business hours, and no more than once with respect to any payment. Unless notice is given as provided herein, each payment shall
be final, conclusive, and binding upon Seller and shall constitute an account stated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **Seller's Representations, Warranties and Covenants**. The Seller hereby represents, warrants and covenants to SongVest that as of the date hereof:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller: (i) owns and/or has the irrevocable, exclusive right to receive the Royalties free and clear of any mortgage, pledge, lien, charge, security interest, encumbrance, restriction or adverse claim of any nature whatsoever (collectively, "Liens"), other than any tax obligation that Seller must satisfy in connection with the purchase and sale of the Royalties hereunder, (ii) is not aware of any Liens being asserted against the Royalties, (iii) has not consented to the imposition of any Liens on the Royalties and (iv) has not sold, assigned, transferred or otherwise encumbered any of Seller's rights in the Royalties to any person or entity other than SongVest;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Seller is competent to enter into (and understands the terms of) this Agreement and has been represented by tax and accounting advisors and legal counsel in the negotiation and execution of this Agreement, or knowingly waived Seller's right to do so;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Seller intends to (and shall) fully and timely satisfy all tax obligations of Seller flowing from this Agreement from the proceeds Seller receives from SongVest hereunder; In the event Seller fails to satisfy tax obligations flowing from this Agreement, SongVest will not be subject to liability on behalf of Seller;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Seller shall indemnify, defend and hold harmless SongVest, its agents, attorneys, employees, officers, directors, successors and assigns (collectively, the Indemnified Parties") from and against all claims, losses, damages, penalties, judgments, lawsuits and all related costs and expenses of any nature (including legal fees and costs) (collectively, "Costs") which may be incurred by or asserted against any of the Indemnified Parties arising out of, related to, or in connection with any breach or alleged breach by Seller of Seller's obligations, agreements, covenants, representations and/or warranties in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Seller has all necessary right, power, legal capacity and authority, and all necessary actions on the part of Seller (including action required to be taken by Seller's officers, directors, shareholders, trustees, executors or representatives) have been duly and validly taken to authorize Seller: (i) to own the Royalties; (ii) to sell, assign and transfer the Royalties as provided herein; (iii) to effectuate the execution and delivery of this Agreement; (iv) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (v) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. No approvals or consents of any persons or entities other than Seller are necessary in connection therewith, including, without limitation, any approval or consent by the Artists, Distributor, any co-writers or owners of the Assets, and/or any third-party publishers or PRO's, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. As of the date of execution of this Agreement, Seller has no outstanding, unrecouped, and/or unearned advances in respect of or affecting the Royalties and, at no time during the Term will Seller enter into any agreement affecting the payment of Royalties hereunder, including, without limitation, any agreement whereby Seller receives any advance or other monies that are recoupable from (or otherwise reduce) Royalties payable hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. All federal, state and local taxes accrued or owing by Seller to and including the date of execution of this Agreement arising out of or in connection with the Royalties, including without limitation any sales or transfer taxes resulting from the transaction contemplated herein, if any, have been or will be paid or caused to be paid by Seller. The Royalties are free and clear of any and all liens, charges, mortgages, pledges, claims, encumbrances, obligations or liabilities of any kind or nature whatsoever whether accrued, absolute, contingent or otherwise, which would negatively affect the transfer to SongVest of the right to receive the Royalties hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Throughout the Term, Seller shall not take any voluntary action intended to materially impair, delay, or reduce the Royalties payable to SongVest pursuant to this Agreement. The foregoing restriction shall not apply to any of Sellers's distributors, Publishers, or PROs, provided Seller shall provide written notice to SongVest of any sale by the foregoing promptly upon receiving notice from such third parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Seller will not grant any rights or incur any obligations that are inconsistent with the rights granted herein or Seller's obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. Seller will maintain the power, right and authority to perform its obligations hereunder at all times during the Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k. Each Seller Agreement is: (i) in full force and effect as of the date hereof, and shall remain in effect throughout the entire Term and (ii) a valid and binding agreement between Seller and the applicable third party (e.g., Artist) wherein Seller is irrevocably entitled to receive and retain all Royalties with respect to the Assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l. At no time during the Term shall Seller terminate, rescind, revoke or attempt to terminate, rescind or revoke such Seller Agreement or any LOD without the prior written approval of SongVest.

SongVest hereby represents, warrants and covenants to the Seller that as of the date hereof SongVest has all necessary right, power, legal capacity and authority to (i) sell, market (directly or indirectly) advertise or promote securities as that term is understood by the U.S. Securities and Exchange Commission (SEC) including any related to the Portfolio, (ii) to effectuate the execution and delivery of this Agreement; (iii) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (iv) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. This Agreement is legal, valid, and binding upon SongVest and is enforceable in accordance with its terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. **Distribution**. Seller shall notify SongVest of any change in distributor, administrator, publisher, or other revenue source and shall cooperate fully to ensure uninterrupted payment of Royalties to SongVest, including execution of replacement LODs if required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **Change in Ownership; Sale of Portfolio.** In the event Seller sells, transfers, assigns, or otherwise disposes of the Portfolio, any of the Assets, or any interest therein, or if there is any change of ownership or control of Seller (each, a "Change of Control Transaction"), Seller shall, and shall cause any acquiring or successor owner to, promptly take all actions necessary to ensure SongVest continues to receive its applicable share of Royalties without interruption or diminution.

Without limiting the foregoing, Seller shall ensure that all required assignments, notices, letters of direction, payee change forms, and other documentation are executed and delivered directly to all applicable distributors, publishers, administrators, collection societies, digital service providers, and other revenue sources to provide for SongVest to be paid directly, or through a mutually agreed payment mechanism, its applicable pro rata share of Royalties. Any acquiring or successor owner shall automatically assume responsibility for the ongoing administration of the Assets and shall remit to SongVest all Royalties due pursuant to this Agreement **without any deduction, offset, recoupment, or administration fee of any kind**. Seller acknowledges that injunctive relief and specific performance may be appropriate remedies for any breach of this Section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. **Successors & Assigns**. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, permitted assigns, heirs, executors and administrators. Either party may assign this Agreement or any of its rights or obligations hereunder to a third party which agrees to assume the assigning party's obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. **Notices**. All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been given (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); or (c) on the third (3<sup>rd</sup>) day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications must be sent 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 6**):

---

| | |
|:---|:---|
| If to Seller: | [_] |
| If to SongVest: | RoyaltyTraders, LLC dba SongVest |
|  | 1053 East Whitaker Mill Road, Suite 115 |
|  | Raleigh, NC 27604 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. **Choice of Law**. This Agreement shall be governed by and construed in accordance with the laws of the State of Tennessee, USA (without regard to its conflicts of law doctrines) as if this Agreement were entered into and wholly to be performed therein. All actions arising out of or relating to this Agreement shall be brought in the State or Federal courts in Davidson County, Tennessee, and the parties hereby submit to the jurisdiction of such courts. If any legal action or other proceeding is brought for the enforcement of this Agreement or as a result of a breach, default or misrepresentation in connection with any of the provisions of this Agreement, the successful or prevailing party shall be entitled to recover reasonable attorneys' fees and other costs insured in such action or proceeding in addition to any other relief to which such party may be entitled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. **Entire Agreement; Modifications; Headings**. This Agreement, together with the Closing Documents, constitute the entire understanding between the Parties with respect to the transactions contemplated herein and supersede all other agreements and understandings between the Parties; provided, however, that in the event of any conflict, the terms of this Agreement shall prevail. No modification of this Agreement shall be valid unless in writing and signed by both Parties. The titles and headings of the various articles and sections in this Agreement are intended solely for convenience of reference and are not intended for any other purpose whatsoever or to explain, modify, or place any construction on any of the provisions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. **No Third-Party Beneficiary.** The Parties acknowledge and agree that each Investor is an intended third-party beneficiary solely with respect to the economic right to receive Royalties under this Agreement. Notwithstanding the foregoing, each Investor has irrevocably and exclusively delegated all rights to enforce this Agreement to SongVest Pursuant to the terms under which each Investor subscribes through the SongVest platform. The existence of third-party beneficiary status shall not expand the duties, liabilities, or remedies of Seller or Songvest beyond those expressly set forth herein, and all limitation of liabilities, waivers, and restrictions contained in this Agreement shall apply equally to any claim asserted for the benefit of Investors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. **Limitation of Liability.** To the maximum extent permitted by applicable law, neither SongVest nor the Seller shall by liable to the other for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, loss of revenue, loss of data, or loss of business opportunity, arising out of or relating to this Agreement, whether based on contract, tort (including negligence), strict liability, or any other legal theory, even if such party has been advised of the possibility of such damages. In no event shall SongVest's or the Seller's aggregate liability arising out of or related to this Agreement exceed the greater of (i) the Purchase Price, or (ii) the Royalties paid or payable under this Agreement in the twelve (12) month period immediately preceding the event giving rise to the claim. This limitation of liability shall not apply to SongVest's or the Seller's gross negligence or willful misconduct. For the avoidance of doubt, all limitations of liability and waivers set forth in this Agreement apply to any claims asserted for the benefit of Investors, whether directly or indirectly.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. **Counterparts; Facsimile Signatures**. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same instrument. A signed copy of this Agreement delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement.

[Signatures to be provided on following page]

IN WITNESS WHEREOF, the Parties have executed this Agreement under seal (each Party adopting the word "SEAL" as its true and lawful seal) as of the date first set forth above.

---

| | |
|:---|:---|
| **SongVest:** | **SongVest:** |
| RoyaltyTraders LLC dba SongVest | RoyaltyTraders LLC dba SongVest |
| By: | (SEAL) |
| Name: | Sean Peace |
| Title: | Founder/CEO |

---

---

| | |
|:---|:---|
| **Seller:** | **Seller:** |
| [_] |  |
| By its General Partner | By its General Partner |
| [_] | [_] |
| By: | (SEAL) |
| Name: | [_] |
| Title: | President |

---

**SCHEDULE A**

**PORTFOLIO/REVENUE SOURCES/PERCENTAGE INTERESTS**

1. **Royalty Period –** With respect to each Asset, commencing on <u>the date of the closing of the Offering</u> and ending upon <u>the expiration of copyright</u> in such Asset.

2. **Assets** – The following are the type(s) of Assets contained in the Portfolio:

---

| | | |
|:---|:---|:---|
| **TITLE** | **Song ID** | **SELLER'S % INTEREST** |
| "Rain On Me" | See attached Exhibit B | 75% |

---

3. **Percentage Interests** – The Percentage Interest in Seller's Revenue Sources is a maximum of <u>Seventy-Five Percent (75%)</u>, subject to clause 6, below.

4. **Revenue Sources** – The Revenue Sources from sales and/or exploitations of Assets are as follows:

---

| | |
|:---|:---|
| A. | Type: |
|  | **<u>Performance Royalties</u>** |
| B. | Share: |
|  | **<u>Writer's Share</u>** |

---

5. **Distributors –** The current Distributors, Labels, and/or PROs, as applicable, of Assets:

**<u>BMI - Currently Being Collected by [_]</u>**

6. **Purchase Price and Royalty Interest** – The Purchase Price shall be equal to either (i) the "Minimum: set forth below; (ii) the "Maximum" set forth below; or (iii) a number in between the "Minimum" and "Maximum" set forth below:

● <u>Minimum</u>: $<u>1.00</u>, which shall entitle SongVest to <u>1</u> % Royalty Interest in the Royalties **<sup>(1)</sup>** 

● <u>Maximum</u>: $<u>252,750.00</u>, which shall entitle SongVest to a <u>75</u> % Royalty Interest in the Royalties **<sup>(1)</sup>** 

7. **Artist** – The musical group or recording artist whose performances are embodied in the Asset(s) are:

"Rain On Me"- "Ariana Grande" & "Lady Gaga"

***(1)***  ***For any Purchase Price that falls between the Minimum or Maximum amounts set forth above, the Royalty Interest in the Royalties to which SongVest shall be entitled will be calculated by multiplying the Purchase Price by a fraction, for which the numerator shall be the Purchase Price, and the denominator shall be the Maximum amount set forth above.*** 

Sch. A-1

**SCHEDULE B: FEES AND EXPENSES**

SongVest intends to collect a fee equal to approximately 26% of the Purchase Price as compensation for its role in facilitating the Transaction.

The Purchase Price agreed to by the Seller herein is not reduced by the aforementioned fees. SongVest may elect to forego these fees at its sole discretion.

Sch. B-1

**EXHIBIT A**

[_] <br>Re: <u>Notice of Assignment of Income</u>

Gentlepersons:

Reference is made to the Royalty Option Agreement, effective as of the Effective Date (the 'Agreement') by and between [_], individually and on behalf of its affiliates (Collectively, the "Seller"), and RoyaltyTraders LLC, d/b/a Songvest (the "Purchaser"). Capitalized terms used herein which are not defined herein shall have the meanings ascribed thereto in the Agreement.

As evidenced by the Agreement, Purchaser has acquired from Seller, throughout the world, the exclusive right to receive and collect the applicable Royalty Interest (as defined in the Agreement and Schedule A) of Seller's share of royalties from the Performance Royalties (and other Assets) accrued and unpaid and hereafter accruing (the "Assigned Royalties"). Accordingly, from and after the applicable Closing Date(s), you are to remit to Purchaser all of the Assigned Royalties, regardless of when earned, to Purchaser, and send them along with any corresponding statements, notices and correspondence to:

RoyaltyTraders, LLC dba SongVest

Attn: Royalty Payments Dept.

1053 East Whitaker Road, Suite 115

Raleigh, NC 27604

Or electronically to <u>finance@songvest.com</u>

Please confirm your receipt of this notice.

Very Truly Yours,

[_]

**EXHIBIT B**

Complete Song ID List

---

| | |
|:---|:---|
| **Song ID** | **Title** |
| 43910920 | Rain On Me |

---

## Ex1A-6

**Exhibit 6.46**

**ROYALTY OPTION AGREEMENT**

This Royalty Option Agreement ("**Agreement**") is entered into as of February 19, 2026, by and between RoyaltyTraders LLC dba SongVest, a Delaware limited liability company ("**SongVest**") at 1053 East Whitaker Rd Suite 115, Raleigh, NC 27604, and Sean Peace of 3724 Congeniality Way Raleigh, NC 27613 ("**Seller**") and, collectively with SongVest, the "**Parties.**"

WHEREAS, Seller is granting to SongVest an exclusive option to enter into the Transaction (as defined below);

WHEREAS, subject to satisfaction of the Option Threshold (as defined below), Seller will sell to SongVest the right to receive Royalties deriving from the Portfolio during the Royalty Periods (as listed on Schedule A), and SongVest will issue proceed rights units (each, a "**Unit**," and collectively, the "Proceed Rights") to third-party investors via the SongVest platform;

WHEREAS, the Parties desire to memorialize their agreement regarding the Royalties to be directed and paid to SongVest in exchange for payment of the Purchase Price to Seller;

NOW, THEREFORE, in consideration of the mutual covenants herein, the Parties agree as follows:

**Certain Defined Terms**. For purposes of this Agreement, the following terms shall have the meanings set forth below:

"**Assets**" means the assets contained in the Portfolio (e.g., Sound Recordings, Compositions) as listed on Schedule A attached hereto and made a part hereof.

"**Artist(s)**" means those recording artists whose musical performances are embodied in the Assets contained in the Portfolio, if any, and as set forth on Schedule A.

"**Compositions**" means those musical compositions the titles of which are set forth on Schedule A, if any.

"**Distributor(s)**" means any third-party distributor, including a record label or online digital distribution company, that sells, markets, and/or distributes sound recordings embodying the Assets.

"**Fees and Expenses**" means the fees and expenses, including Anticipated Fees, incurred by SongVest for its time and effort to place the Proceed Rights into the Offering and market the Units and Proceed Rights to the general public. Fees and Expenses include, without limitation, legal and other regulator costs related to completing the Offering memorandum and closing. Anticipated Fees are outlined in Schedule B, though actual Fees and Expenses may differ.

"**Net Revenue**" means the Royalties generated from the Portfolio Assets less any service fee charged by the Distributor (or other third party) and current taxes payable during the current period as withheld by the Distributor (or other third party) for the sole purpose of remittal to an entity with taxing authority in the normal course of business.

"**Offering**" means the offering held by SongVest via the Site wherein investors are issued the Units and Proceed Rights.

"**Option Threshold**" means $1.00.

"**Percentage Interest**" means the percentage of Seller's revenue that is available for SongVest to receive from the Seller with respect to the Revenue Sources, up to a maximum of One-Hundred percent (100%), subject to clause 6 of Schedule A.

"**Portfolio**" means the portfolio of Assets as set forth on Schedule A.

"**PRO**" means Seller's public performance rights organization, if any.

"**Purchase Price**" means the purchase price for the Royalties by SongVest as set forth on Schedule A.

"**Sound Recordings**" means those sound recordings embodying the performances of Artist(s) and set forth on Schedule A, if any.

"**Revenue Sources**" means those sources of revenue earned and received by Seller and from which the Royalties are derived from the Assets, which may include, as set forth herein, streaming of the Sound Recordings, record sales, neighboring rights, licensing, or digital sales.

"**Royalty Period**" means, with respect to the Royalties, the period commencing with the initial payment of the Royalties to SongVest and ending on such date as set forth in Schedule A.

"**Royalties**" means the royalties payable to SongVest in connection with the Portfolio that derive from the Revenue Sources based on the Percentage Interest.

"**Royalty Interest**" means the percentage of the Royalties that SongVest is entitled to as set forth in Schedule A based on the Percentage Interest.

"**Seller Agreements**" means those agreements between Seller and third parties, including Artists and/or Distributors, wherein Seller is entitled to receive the Percentage Interest of all Assets.<br>

"**Streaming**" means the Net Revenue payable to Seller derived from the Portfolio (including all Assets) from Distributor, Artist, Publisher, and/or PRO, as applicable, from all digital streaming platforms (e.g., Spotify) and reported by any source (digital service providers, SoundExchange, Distributor or other companies collecting streaming income on the Portfolio).

"**Term**" means the term of this Agreement, which Term shall commence on the date of signature of this Agreement and continue until the earlier of (a) the date that is twelve (12) months following the Effective Date, if the Option Threshold has not been satisfied by such date; or (b) the date on which all Royalties payable with respect to all Royalty Interests sold and closed hereunder have been paid in full to SongVest. For the avoidance of doubt, upon satisfaction of the Option Threshold, SongVest's option to enter into the Transaction shall be deemed exercised, and the Term shall continue through the expiration of all applicable Royalty Periods with respect to Royalty Interests sold and closed, regardless of whether the Offering is completed or additional Royalty Interests are sold.

"**Videos**" means those audiovisual recordings of Sound Recordings and set forth on Schedule A, if any.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1. **Transaction/Offering.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller hereby grants to SongVest the exclusive right during the Term to conduct the Offering. SongVest may conduct the Offering in one or more closings, including on a rolling or quarterly basis, in SongVest's sole discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The Parties acknowledge and agree that the **Option Threshold shall be deemed satisfied upon the funding of at least One Dollar ($1.00)**. Upon satisfaction of the Option Threshold, SongVest's option shall be deemed exercised with respect to the Royalty Interests sold and closed from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The Offering may be closed in one or more closings (each, a "**Closing** "). At each Closing, Seller shall irrevocably assign, grant, and convey to SongVest the applicable pro rata Royalty Interest corresponding solely to the portion of the Purchase Price funded at such Closing, as further set forth on Schedule A. No Royalty Interest shall vest or accrue except with respect to amounts actually sold and closed. Royalties attributable to Royalty Interests sold at a given Closing shall accrue only from and after such Closing and shall not relate back to any prior period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Promptly following each Closing, and in any event within five (5) business days of such Closing, SongVest shall remit to Seller the Purchase Price (without any deduction or set-off) funded at such Closing, in accordance with the payment instructions provided to SongVest by Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **Royalties**. Seller agrees that, during the applicable Royalty Periods, all Royalties derived from the Portfolio Assets and applicable Revenue Sources shall be paid or directed to SongVest in accordance with this Agreement and Schedule A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. **Administration Election:** Seller shall administer Royalties in one of the following manners, as elected by Seller in writing (Seller hereby elects option (ii)(Seller Administration)):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. **Letters of Direction ("LODs").** Seller shall execute and maintain irrevocable letters of direction directing applicable distributors, publishers, administrators, PROs, and other revenue sources to remit directly to SongVest the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed; **or** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. **Seller Administration.** Seller shall continue to administer and collect all Royalties and shall remit to SongVest, on a quarterly basis (or such other period as set forth on Schedule A), the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed.

Unless and until the Parties mutually agree otherwise in writing, Seller may continue Seller Administration indefinitely, including following the completion of the Offering.

Notwithstanding anything herein to the contrary, Seller shall only be required to execute or maintain Letters of Direction to the extent Seller elects LOD-based administration pursuant to this Section or as otherwise required under the "Change in Ownership; Sale of Fund" section below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. **Third-Party Noncompliance:** Seller shall use commercially reasonable efforts to cause applicable third parties to comply with the elected administration method. In the event of any failure by a third party to remit Royalties as required, Seller shall remain responsible for remitting to SongVest the applicable Royalties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. **Audit and Reporting:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. If Seller elects Letters of Direction ("LODs") pursuant to the Administration Election above (or if LODs are required under the "Change in Ownership; Sale of Fund" section below), Seller shall execute and maintain irrevocable letters of direction ("LOD"), a copy of which is attached hereto as Exhibit A, directing Distributor, Artist, Publisher, PRO and/or other third party, as applicable, to account and pay to SongVest the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed for the entire Royalty Period at the same time and on the same terms as such party is required to account to Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. If Seller elects Seller Administration pursuant to the Administration Election above (or if Seller elects Letters of Direction ("LODs") pursuant to the Administration Election above (or if LODs are required under the "Change in Ownership; Sale of Fund" section below), and if Distributor, Artist, Publisher, PRO and/or other third party, as applicable, fails to account or pay Royalties to SongVest directly as required hereunder and instead pays such Royalties to Seller), Seller shall account to SongVest via a statement and pay all Royalties earned and received by Seller during such period no later than thirty (30) days after receipt by Seller of such Royalties. All payments shall be made to SongVest via wire transfer of immediately available funds pursuant to SongVest's written instructions for same. In the event Seller conducts an audit of any of Distributor's or Artist's (or other distributor's, publishers, PRO's or licenses) books and records regarding the sale of any Asset in the Portfolio at any time during the Term, Seller shall notify SongVest thereof and allow, to the extent Seller has the right to allow, SongVest to participate in such audit as it relates to sales of Portfolio. In the event Seller receives any proceeds or awards from any such audit or other claim relating to the Portfolio, Seller will immediately notify SongVest thereof and pay to SongVest its proportionate share of the proceeds (subject to a deduction therefrom of Seller's actual, verifiable costs in conducting such audit or claim). Upon SongVest's request therefor and subject to SongVest covering the costs thereof, Seller agrees, to the extent Seller has the right to do so, to conduct an audit of Distributor's or Artist's books and records related solely to accountings in connection with Royalties hereunder. In the event such audit reveals an underpayment of any monies due and payable in connection with Assets that were the subject of such audit, Seller shall ensure that such additional monies are collected and paid directly to SongVest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. At any time within two (2) years after any statement is rendered to SongVest hereunder, SongVest shall have the right to, upon thirty (30) days written notice, examine Seller's books and records with respect to such statement. Such examination shall be at SongVest's sole cost and expense, by a certified public accountant or other qualified representative designated by SongVest. Such examination shall be made during Seller's usual business hours at the place where Seller maintains the books and records which relate to the Portfolio and which are necessary to verify the accuracy of the statement. Seller shall have no obligation to produce such books and records more than once with respect to each statement rendered to SongVest. Unless notice shall have been given to Seller as provided hereinabove, each royalty statement rendered to SongVest shall be final, conclusive and binding on SongVest and shall constitute an account stated. SongVest shall be foreclosed from maintaining any action, claim or proceeding against Seller in any forum or tribunal with respect to any statement or accounting rendered hereunder unless such action, claim or proceeding is commenced against Seller in a court of competent jurisdiction within eighteen (18) months after the date such statement or accounting is rendered. All audit, accounting, reporting, payment timing, and interest provisions shall apply on a pro rata basis solely with respect to Royalty Interests sold and closed from time to time pursuant to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. At any time within two (2) years after any payment is rendered
to Seller by SongVest hereunder, Seller shall have the right, upon thirty (30) days' written notice, to examine SongVest's
books and records solely to the extent reasonably necessary to verify the calculation and accuracy of such payment to Seller under this
Agreement. Such examination shall be limited to records directly related to the determination of the amount payable to Seller hereunder
and shall expressly exclude any records relating to (i) investor subscriptions, allocations, or distributions, (ii) the Offering or any
securities-related matters, or (iii) any systems, records, escrow accounts, or processes maintained by North Capital or any other third-party
service provider acting in a securities, escrow, or administrative capacity in connection with the Offering. Any such examination shall
be conducted at Seller's sole cost and expense, during SongVest's usual business hours, and no more than once with respect
to any payment. Unless notice is given as provided herein, each payment shall be final, conclusive, and binding upon Seller and shall
constitute an account stated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **Seller's Representations, Warranties and Covenants**. The Seller hereby represents, warrants and covenants to SongVest that as of the date hereof:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller: (i) owns and/or has the irrevocable, exclusive right to receive the Royalties free and clear of any mortgage, pledge, lien, charge, security interest, encumbrance, restriction or adverse claim of any nature whatsoever (collectively, "Liens"), other than any tax obligation that Seller must satisfy in connection with the purchase and sale of the Royalties hereunder, (ii) is not aware of any Liens being asserted against the Royalties, (iii) has not consented to the imposition of any Liens on the Royalties and (iv) has not sold, assigned, transferred or otherwise encumbered any of Seller's rights in the Royalties to any person or entity other than SongVest;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Seller is competent to enter into (and understands the terms of) this Agreement and has been represented by tax and accounting advisors and legal counsel in the negotiation and execution of this Agreement, or knowingly waived Seller's right to do so;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Seller intends to (and shall) fully and timely satisfy all tax obligations of Seller flowing from this Agreement from the proceeds Seller receives from SongVest hereunder; In the event Seller fails to satisfy tax obligations flowing from this Agreement, SongVest will not be subject to liability on behalf of Seller;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Seller shall indemnify, defend and hold harmless SongVest, its agents, attorneys, employees, officers, directors, successors and assigns (collectively, the Indemnified Parties") from and against all claims, losses, damages, penalties, judgments, lawsuits and all related costs and expenses of any nature (including legal fees and costs) (collectively, "Costs") which may be incurred by or asserted against any of the Indemnified Parties arising out of, related to, or in connection with any breach or alleged breach by Seller of Seller's obligations, agreements, covenants, representations and/or warranties in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Seller has all necessary right, power, legal capacity and authority, and all necessary actions on the part of Seller (including action required to be taken by Seller's officers, directors, shareholders, trustees, executors or representatives) have been duly and validly taken to authorize Seller: (i) to own the Royalties; (ii) to sell, assign and transfer the Royalties as provided herein; (iii) to effectuate the execution and delivery of this Agreement; (iv) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (v) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. No approvals or consents of any persons or entities other than Seller are necessary in connection therewith, including, without limitation, any approval or consent by the Artists, Distributor, any co-writers or owners of the Assets, and/or any third-party publishers or PRO's, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. As of the date of execution of this Agreement, Seller has no outstanding, unrecouped, and/or unearned advances in respect of or affecting the Royalties and, at no time during the Term will Seller enter into any agreement affecting the payment of Royalties hereunder, including, without limitation, any agreement whereby Seller receives any advance or other monies that are recoupable from (or otherwise reduce) Royalties payable hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. All federal, state and local taxes accrued or owing by Seller to and including the date of execution of this Agreement arising out of or in connection with the Royalties, including without limitation any sales or transfer taxes resulting from the transaction contemplated herein, if any, have been or will be paid or caused to be paid by Seller. The Royalties are free and clear of any and all liens, charges, mortgages, pledges, claims, encumbrances, obligations or liabilities of any kind or nature whatsoever whether accrued, absolute, contingent or otherwise, which would negatively affect the transfer to SongVest of the right to receive the Royalties hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Throughout the Term, Seller shall not take any voluntary action intended to materially impair, delay, or reduce the Royalties payable to SongVest pursuant to this Agreement. The foregoing restriction shall not apply to any of Sellers's distributors, Publishers, or PROs, provided Seller shall provide written notice to SongVest of any sale by the foregoing promptly upon receiving notice from such third parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Seller will not grant any rights or incur any obligations that are inconsistent with the rights granted herein or Seller's obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. Seller will maintain the power, right and authority to perform its obligations hereunder at all times during the Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k. Each Seller Agreement is: (i) in full force and effect as of the date hereof, and shall remain in effect throughout the entire Term and (ii) a valid and binding agreement between Seller and the applicable third party (e.g., Artist) wherein Seller is irrevocably entitled to receive and retain all Royalties with respect to the Assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l. At no time during the Term shall Seller terminate, rescind, revoke or attempt to terminate, rescind or revoke such Seller Agreement or any LOD without the prior written approval of SongVest.

SongVest hereby represents, warrants and covenants to the Seller that as of the date hereof SongVest has all necessary right, power, legal capacity and authority to (i) sell, market (directly or indirectly) advertise or promote securities as that term is understood by the U.S. Securities and Exchange Commission (SEC) including any related to the Portfolio, (ii) to effectuate the execution and delivery of this Agreement; (iii) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (iv) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. This Agreement is legal, valid, and binding upon SongVest and is enforceable in accordance with its terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. **Distribution**. Seller shall notify SongVest of any change in distributor, administrator, publisher, or other revenue source and shall cooperate fully to ensure uninterrupted payment of Royalties to SongVest, including execution of replacement LODs if required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **Change in Ownership; Sale of Portfolio.** In the event Seller sells, transfers, assigns, or otherwise disposes of the Portfolio, any of the Assets, or any interest therein, or if there is any change of ownership or control of Seller (each, a "Change of Control Transaction"), Seller shall, and shall cause any acquiring or successor owner to, promptly take all actions necessary to ensure SongVest continues to receive its applicable share of Royalties without interruption or diminution.

Without limiting the foregoing, Seller shall ensure that all required assignments, notices, letters of direction, payee change forms, and other documentation are executed and delivered directly to all applicable distributors, publishers, administrators, collection societies, digital service providers, and other revenue sources to provide for SongVest to be paid directly, or through a mutually agreed payment mechanism, its applicable pro rata share of Royalties. Any acquiring or successor owner shall automatically assume responsibility for the ongoing administration of the Assets and shall remit to SongVest all Royalties due pursuant to this Agreement **without any deduction, offset, recoupment, or administration fee of any kind**. Seller acknowledges that injunctive relief and specific performance may be appropriate remedies for any breach of this Section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. **Successors & Assigns**. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, permitted assigns, heirs, executors and administrators. Either party may assign this Agreement or any of its rights or obligations hereunder to a third party which agrees to assume the assigning party's obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. **Notices**. All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been given (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); or (c) on the third (3<sup>rd</sup>) day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications must be sent 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 6**):

---

| | |
|:---|:---|
| If to Seller: | Sean Peace |
|  | [_] |
| If to SongVest: | RoyaltyTraders, LLC dba SongVest<br> 1053 East Whitaker Mill Road, Suite 115<br> Raleigh, NC 27604 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. **Choice of Law**. This Agreement shall be governed by and construed in accordance with the laws of the State of Tennessee, USA (without regard to its conflicts of law doctrines) as if this Agreement were entered into and wholly to be performed therein. All actions arising out of or relating to this Agreement shall be brought in the State or Federal courts in Davidson County, Tennessee, and the parties hereby submit to the jurisdiction of such courts. If any legal action or other proceeding is brought for the enforcement of this Agreement or as a result of a breach, default or misrepresentation in connection with any of the provisions of this Agreement, the successful or prevailing party shall be entitled to recover reasonable attorneys' fees and other costs insured in such action or proceeding in addition to any other relief to which such party may be entitled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. **Entire Agreement; Modifications; Headings**. This Agreement, together with the Closing Documents, constitute the entire understanding between the Parties with respect to the transactions contemplated herein and supersede all other agreements and understandings between the Parties; provided, however, that in the event of any conflict, the terms of this Agreement shall prevail. No modification of this Agreement shall be valid unless in writing and signed by both Parties. The titles and headings of the various articles and sections in this Agreement are intended solely for convenience of reference and are not intended for any other purpose whatsoever or to explain, modify, or place any construction on any of the provisions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. **No Third-Party Beneficiary.** The Parties acknowledge and agree that each Investor is an intended third-party beneficiary solely with respect to the economic right to receive Royalties under this Agreement. Notwithstanding the foregoing, each Investor has irrevocably and exclusively delegated all rights to enforce this Agreement to SongVest Pursuant to the terms under which each Investor subscribes through the SongVest platform. The existence of third-party beneficiary status shall not expand the duties, liabilities, or remedies of Seller or Songvest beyond those expressly set forth herein, and all limitation of liabilities, waivers, and restrictions contained in this Agreement shall apply equally to any claim asserted for the benefit of Investors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. **Limitation of Liability.** To the maximum extent permitted by applicable law, neither SongVest nor the Seller shall by liable to the other for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, loss of revenue, loss of data, or loss of business opportunity, arising out of or relating to this Agreement, whether based on contract, tort (including negligence), strict liability, or any other legal theory, even if such party has been advised of the possibility of such damages. In no event shall SongVest's or the Seller's aggregate liability arising out of or related to this Agreement exceed the greater of (i) the Purchase Price, or (ii) the Royalties paid or payable under this Agreement in the twelve (12) month period immediately preceding the event giving rise to the claim. This limitation of liability shall not apply to SongVest's or the Seller's gross negligence or willful misconduct. For the avoidance of doubt, all limitations of liability and waivers set forth in this Agreement apply to any claims asserted for the benefit of Investors, whether directly or indirectly.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. **Counterparts; Facsimile Signatures**. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same instrument. A signed copy of this Agreement delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement.

[Signatures to be provided on following page]

IN WITNESS WHEREOF, the Parties have executed this Agreement under seal (each Party adopting the word "SEAL" as its true and lawful seal) as of the date first set forth above.

---

| | |
|:---|:---|
| **SongVest:** | **SongVest:** |
| RoyaltyTraders LLC dba SongVest | RoyaltyTraders LLC dba SongVest |
| By: | (SEAL) |
| Name: | Alex Guiva |
| Title: | Partner |

---

---

| | |
|:---|:---|
| **Seller:** | **Seller:** |
| Sean Peace | Sean Peace |
| By: | (SEAL) |
| Name: | Sean Peace |

---

**SCHEDULE A**

**PORTFOLIO/REVENUE SOURCES/PERCENTAGE INTERESTS**

1. **Royalty Period –** With respect to each Asset, commencing on <u>the date of the closing of the Offering</u> and ending upon <u>the expiration of copyright</u> in such Asset.

2. **Assets** – The following are the type(s) of Assets contained in the Portfolio:

---

| | | |
|:---|:---|:---|
| **TITLE** | **ISRC** | **SELLER'S % INTEREST** |
| "EVEN IF MY HEART WOULD BREAK"<br> "HAVANA"<br> "G-BOP"<br> "LOVING YOU"<br> "SISTER ROSE"<br> "INNOCENCE"<br> "THE CHAMPION'S THEME"<br> "BY THE TIME THIS NIGHT IS OVER"<br> "ALWAYS AND FOREVER"<br> "LOVE THE ONE YOU'RE WITH"<br> "GOING IN CIRCLES" | See attached Exhibit B | 100% |

---

3. **Percentage Interests** – The Percentage Interest in Seller's Revenue Sources is a maximum of One-Hundred <u>Percent (100%)</u>, subject to clause 6, below.

4. **Revenue Sources** – The Revenue Sources from sales and/or exploitations of Assets are as follows:

---

| | |
|:---|:---|
| A. | Type: |
|  | **<u>Master Income</u>** |
| B. | Share: |
|  | **<u>Producer's Share</u>** |

---

5. **Distributors –** The current Distributors, Labels, and/or PROs, as applicable, of Assets:

**<u>Sony Music - Sean Will be paid by Sony and will then pay Songvest</u>**

Sch. A-1

6. **Purchase Price and Royalty Interest** – The Purchase Price shall be equal to either (i) the "Minimum: set forth below; (ii) the "Maximum" set forth below; or (iii) a number in between the "Minimum" and "Maximum" set forth below:

● <u>Minimum</u>: $<u>1.00</u>, which shall entitle SongVest to <u>1</u> % Royalty Interest in the Royalties<sup>**(1)**</sup>

● <u>Maximum</u>: $<u>19,380.73</u>, which shall entitle SongVest to a <u>100</u> % Royalty Interest in the Royalties<sup>**(1)**</sup>

7. **Artist** – The musical group or recording artist whose performances are embodied in the Asset(s) are:

---

| | |
|:---|:---|
| **Title** | **Artist** |
| "EVEN IF MY HEART WOULD BREAK" | Kenny G |
| "HAVANA" | Kenny G |
| "G-BOP" | Kenny G |
| "LOVING YOU" | Kenny G |
| "SISTER ROSE" | Kenny G |
| "INNOCENCE" | Kenny G |
| "THE CHAMPIONS THEME" | Kenny G |
| "BY THE TIME THIS NIGHT IS OVER" | Kenny G (ft. Peabo Bryson & Kenny G) |
| "ALWAYS AND FOREVER" | Luther Vandross |
| "LOVE THE ONE YOURE WITH" | Luther Vandross |
| "GOING IN CIRCLES" | Luther Vandross |

---

***(1)***  ***For any Purchase Price that falls between the Minimum or Maximum amounts set forth above, the Royalty Interest in the Royalties to which SongVest shall be entitled will be calculated by multiplying the Purchase Price by a fraction, for which the numerator shall be the Purchase Price, and the denominator shall be the Maximum amount set forth above.*** 

Sch. A-2

**SCHEDULE B: FEES AND EXPENSES**

SongVest intends to collect a fee equal to approximately 26% of the Purchase Price as compensation for its role in facilitating the Transaction.

The Purchase Price agreed to by the Seller herein is not reduced by the aforementioned fees. SongVest may elect to forego these fees at its sole discretion.

Sch. B-1

**EXHIBIT A**

________________

Sean Peace

Re: <u>Notice of Assignment of Income</u>

Gentlepersons:

Reference is made to the Royalty Option Agreement, effective as of the Effective Date (the 'Agreement') by and between Sean Peace, individually and on behalf of its affiliates (Collectively, the "Seller"), and RoyaltyTraders LLC, d/b/a Songvest (the "Purchaser"). Capitalized terms used herein which are not defined herein shall have the meanings ascribed thereto in the Agreement.

As evidenced by the Agreement, Purchaser has acquired from Seller, throughout the world, the exclusive right to receive and collect the applicable Royalty Interest (as defined in the Agreement and Schedule A) of Seller's share of royalties from the Performance Royalties (and other Assets) accrued and unpaid and hereafter accruing (the "Assigned Royalties"). Accordingly, from and after the applicable Closing Date(s), you are to remit to Purchaser all of the Assigned Royalties, regardless of when earned, to Purchaser, and send them along with any corresponding statements, notices and correspondence to:

RoyaltyTraders, LLC dba SongVest

Attn: Royalty Payments Dept.

1053 East Whitaker Road, Suite 115

Raleigh, NC 27604

Or electronically to <u>finance@songvest.com</u>

---

| |
|:---|
| Please confirm your receipt of this notice. |
| Very Truly Yours, |
| Sean Peace |

---

**EXHIBIT B**

Complete ISRC List

---

| | |
|:---|:---|
| **Title** | **ISRC** |
| EVEN IF MY HEART WOULD BREAK | USAR19200201 |
| HAVANA | USAR19901205 |
| HAVANA | USAR19700407 |
| HAVANA | USAR19700406 |
| HAVANA | USAR19700404 |
| HAVANA | USAR19700397 |
| HAVANA | USAR19700065 |
| HAVANA | USAR10301138 |
| HAVANA | USAR10300580 |
| HAVANA | USAR10000400 |
| HAVANA | USAR10000331 |
| G-BOP | USAR19200202 |
| LOVING YOU | USAR19700066 |
| LOVING YOU | USAR19600200 |
| SISTER ROSE | USAR19200203 |
| INNOCENCE | USAR19700071 |
| THE CHAMPIONS THEME | USAR19700402 |
| BY THE TIME THIS NIGHT IS OVER | USAR19700063 |
| BY THE TIME THIS NIGHT IS OVER | USAR10400750 |
| ALWAYS AND FOREVER | USSM19802415 |
| ALWAYS AND FOREVER | USSM19400685 |
| ALWAYS AND FOREVER | USSM10009507 |
| LOVE THE ONE YOURE WITH | USSMI9400225 |
| LOVE THE ONE YOURE WITH | USSM19402042 |
| LOVE THE ONE YOURE WITH | USSM19400686 |
| LOVE THE ONE YOURE WITH | USSM19400225 |
| LOVE THE ONE YOURE WITH | USSM10106996 |
| GOING IN CIRCLES | USSM19802413 |
| GOING IN CIRCLES | USSM19402112 |

---

## Ex1A-6

**Exhibit 6.47**

**ROYALTY OPTION AGREEMENT**

This Royalty Option Agreement ("**Agreement**") is entered into as of February 19, 2026, by and between RoyaltyTraders LLC dba SongVest, a Delaware limited liability company ("**SongVest**") at 1053 East Whitaker Rd Suite 115, Raleigh, NC 27604, and Sean Peace of 3724 Congeniality Way Raleigh, NC 27613 ("**Seller**") and, collectively with SongVest, the "**Parties.**"

WHEREAS, Seller is granting to SongVest an exclusive option to enter into the Transaction (as defined below);

WHEREAS, subject to satisfaction of the Option Threshold (as defined below), Seller will sell to SongVest the right to receive Royalties deriving from the Portfolio during the Royalty Periods (as listed on Schedule A), and SongVest will issue proceed rights units (each, a "**Unit**," and collectively, the "Proceed Rights") to third-party investors via the SongVest platform;

WHEREAS, the Parties desire to memorialize their agreement regarding the Royalties to be directed and paid to SongVest in exchange for payment of the Purchase Price to Seller;

NOW, THEREFORE, in consideration of the mutual covenants herein, the Parties agree as follows:

**Certain Defined Terms**. For purposes of this Agreement, the following terms shall have the meanings set forth below:

"**Assets**" means the assets contained in the Portfolio (e.g., Sound Recordings, Compositions) as listed on Schedule A attached hereto and made a part hereof.

"**Artist(s)**" means those recording artists whose musical performances are embodied in the Assets contained in the Portfolio, if any, and as set forth on Schedule A.

"**Compositions**" means those musical compositions the titles of which are set forth on Schedule A, if any.

"**Distributor(s)**" means any third-party distributor, including a record label or online digital distribution company, that sells, markets, and/or distributes sound recordings embodying the Assets.

"**Fees and Expenses**" means the fees and expenses, including Anticipated Fees, incurred by SongVest for its time and effort to place the Proceed Rights into the Offering and market the Units and Proceed Rights to the general public. Fees and Expenses include, without limitation, legal and other regulator costs related to completing the Offering memorandum and closing. Anticipated Fees are outlined in Schedule B, though actual Fees and Expenses may differ.

"**Net Revenue**" means the Royalties generated from the Portfolio Assets less any service fee charged by the Distributor (or other third party) and current taxes payable during the current period as withheld by the Distributor (or other third party) for the sole purpose of remittal to an entity with taxing authority in the normal course of business.

"**Offering**" means the offering held by SongVest via the Site wherein investors are issued the Units and Proceed Rights.

"**Option Threshold**" means $1.00.

"**Percentage Interest**" means the percentage of Seller's revenue that is available for SongVest to receive from the Seller with respect to the Revenue Sources, up to a maximum of One-Hundred percent (100%), subject to clause 6 of Schedule A.

"**Portfolio**" means the portfolio of Assets as set forth on Schedule A.

"**PRO**" means Seller's public performance rights organization, if any.

"**Purchase Price**" means the purchase price for the Royalties by SongVest as set forth on Schedule A.

"**Sound Recordings**" means those sound recordings embodying the performances of Artist(s) and set forth on Schedule A, if any.

"**Revenue Sources**" means those sources of revenue earned and received by Seller and from which the Royalties are derived from the Assets, which may include, as set forth herein, streaming of the Sound Recordings, record sales, neighboring rights, licensing, or digital sales.

"**Royalty Period**" means, with respect to the Royalties, the period commencing with the initial payment of the Royalties to SongVest and ending on such date as set forth in Schedule A.

"**Royalties**" means the royalties payable to SongVest in connection with the Portfolio that derive from the Revenue Sources based on the Percentage Interest.

"**Royalty Interest**" means the percentage of the Royalties that SongVest is entitled to as set forth in Schedule A based on the Percentage Interest.

"**Seller Agreements**" means those agreements between Seller and third parties, including Artists and/or Distributors, wherein Seller is entitled to receive the Percentage Interest of all Assets.<br>

"**Streaming**" means the Net Revenue payable to Seller derived from the Portfolio (including all Assets) from Distributor, Artist, Publisher, and/or PRO, as applicable, from all digital streaming platforms (e.g., Spotify) and reported by any source (digital service providers, SoundExchange, Distributor or other companies collecting streaming income on the Portfolio).

"**Term**" means the term of this Agreement, which Term shall commence on the date of signature of this Agreement and continue until the earlier of (a) the date that is twelve (12) months following the Effective Date, if the Option Threshold has not been satisfied by such date; or (b) the date on which all Royalties payable with respect to all Royalty Interests sold and closed hereunder have been paid in full to SongVest. For the avoidance of doubt, upon satisfaction of the Option Threshold, SongVest's option to enter into the Transaction shall be deemed exercised, and the Term shall continue through the expiration of all applicable Royalty Periods with respect to Royalty Interests sold and closed, regardless of whether the Offering is completed or additional Royalty Interests are sold.

"**Videos**" means those audiovisual recordings of Sound Recordings and set forth on Schedule A, if any.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1. **Transaction/Offering.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller hereby grants to SongVest the exclusive right during the Term to conduct the Offering. SongVest may conduct the Offering in one or more closings, including on a rolling or quarterly basis, in SongVest's sole discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The Parties acknowledge and agree that the **Option Threshold shall be deemed satisfied upon the funding of at least One Dollar ($1.00)**. Upon satisfaction of the Option Threshold, SongVest's option shall be deemed exercised with respect to the Royalty Interests sold and closed from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The Offering may be closed in one or more closings (each, a "**Closing** "). At each Closing, Seller shall irrevocably assign, grant, and convey to SongVest the applicable pro rata Royalty Interest corresponding solely to the portion of the Purchase Price funded at such Closing, as further set forth on Schedule A. No Royalty Interest shall vest or accrue except with respect to amounts actually sold and closed. Royalties attributable to Royalty Interests sold at a given Closing shall accrue only from and after such Closing and shall not relate back to any prior period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Promptly following each Closing, and in any event within five (5) business days of such Closing, SongVest shall remit to Seller the Purchase Price (without any deduction or set-off) funded at such Closing, in accordance with the payment instructions provided to SongVest by Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **Royalties**. Seller agrees that, during the applicable Royalty Periods, all Royalties derived from the Portfolio Assets and applicable Revenue Sources shall be paid or directed to SongVest in accordance with this Agreement and Schedule A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. **Administration Election:** Seller shall administer Royalties in one of the following manners, as elected by Seller in writing (Seller hereby elects option (ii)(Seller Administration)):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. **Letters of Direction ("LODs").** Seller shall execute and maintain irrevocable letters of direction directing applicable distributors, publishers, administrators, PROs, and other revenue sources to remit directly to SongVest the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed; **or** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. **Seller Administration.** Seller shall continue to administer and collect all Royalties and shall remit to SongVest, on a quarterly basis (or such other period as set forth on Schedule A), the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed.

Unless and until the Parties mutually agree otherwise in writing, Seller may continue Seller Administration indefinitely, including following the completion of the Offering.

Notwithstanding anything herein to the contrary, Seller shall only be required to execute or maintain Letters of Direction to the extent Seller elects LOD-based administration pursuant to this Section or as otherwise required under the "Change in Ownership; Sale of Fund" section below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. **Third-Party Noncompliance:** Seller shall use commercially reasonable efforts to cause applicable third parties to comply with the elected administration method. In the event of any failure by a third party to remit Royalties as required, Seller shall remain responsible for remitting to SongVest the applicable Royalties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. **Audit and Reporting:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. If Seller elects Letters of Direction ("LODs") pursuant to the Administration Election above (or if LODs are required under the "Change in Ownership; Sale of Fund" section below), Seller shall execute and maintain irrevocable letters of direction ("LOD"), a copy of which is attached hereto as Exhibit A, directing Distributor, Artist, Publisher, PRO and/or other third party, as applicable, to account and pay to SongVest the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed for the entire Royalty Period at the same time and on the same terms as such party is required to account to Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. If Seller elects Seller Administration pursuant to the Administration Election above (or if Seller elects Letters of Direction ("LODs") pursuant to the Administration Election above (or if LODs are required under the "Change in Ownership; Sale of Fund" section below), and if Distributor, Artist, Publisher, PRO and/or other third party, as applicable, fails to account or pay Royalties to SongVest directly as required hereunder and instead pays such Royalties to Seller), Seller shall account to SongVest via a statement and pay all Royalties earned and received by Seller during such period no later than thirty (30) days after receipt by Seller of such Royalties. All payments shall be made to SongVest via wire transfer of immediately available funds pursuant to SongVest's written instructions for same. In the event Seller conducts an audit of any of Distributor's or Artist's (or other distributor's, publishers, PRO's or licenses) books and records regarding the sale of any Asset in the Portfolio at any time during the Term, Seller shall notify SongVest thereof and allow, to the extent Seller has the right to allow, SongVest to participate in such audit as it relates to sales of Portfolio. In the event Seller receives any proceeds or awards from any such audit or other claim relating to the Portfolio, Seller will immediately notify SongVest thereof and pay to SongVest its proportionate share of the proceeds (subject to a deduction therefrom of Seller's actual, verifiable costs in conducting such audit or claim). Upon SongVest's request therefor and subject to SongVest covering the costs thereof, Seller agrees, to the extent Seller has the right to do so, to conduct an audit of Distributor's or Artist's books and records related solely to accountings in connection with Royalties hereunder. In the event such audit reveals an underpayment of any monies due and payable in connection with Assets that were the subject of such audit, Seller shall ensure that such additional monies are collected and paid directly to SongVest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. At any time within two (2) years after any statement is rendered to SongVest hereunder, SongVest shall have the right to, upon thirty (30) days written notice, examine Seller's books and records with respect to such statement. Such examination shall be at SongVest's sole cost and expense, by a certified public accountant or other qualified representative designated by SongVest. Such examination shall be made during Seller's usual business hours at the place where Seller maintains the books and records which relate to the Portfolio and which are necessary to verify the accuracy of the statement. Seller shall have no obligation to produce such books and records more than once with respect to each statement rendered to SongVest. Unless notice shall have been given to Seller as provided hereinabove, each royalty statement rendered to SongVest shall be final, conclusive and binding on SongVest and shall constitute an account stated. SongVest shall be foreclosed from maintaining any action, claim or proceeding against Seller in any forum or tribunal with respect to any statement or accounting rendered hereunder unless such action, claim or proceeding is commenced against Seller in a court of competent jurisdiction within eighteen (18) months after the date such statement or accounting is rendered. All audit, accounting, reporting, payment timing, and interest provisions shall apply on a pro rata basis solely with respect to Royalty Interests sold and closed from time to time pursuant to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. At any time within two (2) years after any payment is rendered
to Seller by SongVest hereunder, Seller shall have the right, upon thirty (30) days' written notice, to examine SongVest's
books and records solely to the extent reasonably necessary to verify the calculation and accuracy of such payment to Seller under this
Agreement. Such examination shall be limited to records directly related to the determination of the amount payable to Seller hereunder
and shall expressly exclude any records relating to (i) investor subscriptions, allocations, or distributions, (ii) the Offering or any
securities-related matters, or (iii) any systems, records, escrow accounts, or processes maintained by North Capital or any other third-party
service provider acting in a securities, escrow, or administrative capacity in connection with the Offering. Any such examination shall
be conducted at Seller's sole cost and expense, during SongVest's usual business hours, and no more than once with respect
to any payment. Unless notice is given as provided herein, each payment shall be final, conclusive, and binding upon Seller and shall
constitute an account stated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **Seller's Representations, Warranties and Covenants**. The Seller hereby represents, warrants and covenants to SongVest that as of the date hereof:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller: (i) owns and/or has the irrevocable, exclusive right to receive the Royalties free and clear of any mortgage, pledge, lien, charge, security interest, encumbrance, restriction or adverse claim of any nature whatsoever (collectively, "Liens"), other than any tax obligation that Seller must satisfy in connection with the purchase and sale of the Royalties hereunder, (ii) is not aware of any Liens being asserted against the Royalties, (iii) has not consented to the imposition of any Liens on the Royalties and (iv) has not sold, assigned, transferred or otherwise encumbered any of Seller's rights in the Royalties to any person or entity other than SongVest;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Seller is competent to enter into (and understands the terms of) this Agreement and has been represented by tax and accounting advisors and legal counsel in the negotiation and execution of this Agreement, or knowingly waived Seller's right to do so;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Seller intends to (and shall) fully and timely satisfy all tax obligations of Seller flowing from this Agreement from the proceeds Seller receives from SongVest hereunder; In the event Seller fails to satisfy tax obligations flowing from this Agreement, SongVest will not be subject to liability on behalf of Seller;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Seller shall indemnify, defend and hold harmless SongVest, its agents, attorneys, employees, officers, directors, successors and assigns (collectively, the Indemnified Parties") from and against all claims, losses, damages, penalties, judgments, lawsuits and all related costs and expenses of any nature (including legal fees and costs) (collectively, "Costs") which may be incurred by or asserted against any of the Indemnified Parties arising out of, related to, or in connection with any breach or alleged breach by Seller of Seller's obligations, agreements, covenants, representations and/or warranties in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Seller has all necessary right, power, legal capacity and authority, and all necessary actions on the part of Seller (including action required to be taken by Seller's officers, directors, shareholders, trustees, executors or representatives) have been duly and validly taken to authorize Seller: (i) to own the Royalties; (ii) to sell, assign and transfer the Royalties as provided herein; (iii) to effectuate the execution and delivery of this Agreement; (iv) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (v) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. No approvals or consents of any persons or entities other than Seller are necessary in connection therewith, including, without limitation, any approval or consent by the Artists, Distributor, any co-writers or owners of the Assets, and/or any third-party publishers or PRO's, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. As of the date of execution of this Agreement, Seller has no outstanding, unrecouped, and/or unearned advances in respect of or affecting the Royalties and, at no time during the Term will Seller enter into any agreement affecting the payment of Royalties hereunder, including, without limitation, any agreement whereby Seller receives any advance or other monies that are recoupable from (or otherwise reduce) Royalties payable hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. All federal, state and local taxes accrued or owing by Seller to and including the date of execution of this Agreement arising out of or in connection with the Royalties, including without limitation any sales or transfer taxes resulting from the transaction contemplated herein, if any, have been or will be paid or caused to be paid by Seller. The Royalties are free and clear of any and all liens, charges, mortgages, pledges, claims, encumbrances, obligations or liabilities of any kind or nature whatsoever whether accrued, absolute, contingent or otherwise, which would negatively affect the transfer to SongVest of the right to receive the Royalties hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Throughout the Term, Seller shall not take any voluntary action intended to materially impair, delay, or reduce the Royalties payable to SongVest pursuant to this Agreement. The foregoing restriction shall not apply to any of Sellers's distributors, Publishers, or PROs, provided Seller shall provide written notice to SongVest of any sale by the foregoing promptly upon receiving notice from such third parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Seller will not grant any rights or incur any obligations that are inconsistent with the rights granted herein or Seller's obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. Seller will maintain the power, right and authority to perform its obligations hereunder at all times during the Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k. Each Seller Agreement is: (i) in full force and effect as of the date hereof, and shall remain in effect throughout the entire Term and (ii) a valid and binding agreement between Seller and the applicable third party (e.g., Artist) wherein Seller is irrevocably entitled to receive and retain all Royalties with respect to the Assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l. At no time during the Term shall Seller terminate, rescind, revoke or attempt to terminate, rescind or revoke such Seller Agreement or any LOD without the prior written approval of SongVest.

SongVest hereby represents, warrants and covenants to the Seller that as of the date hereof SongVest has all necessary right, power, legal capacity and authority to (i) sell, market (directly or indirectly) advertise or promote securities as that term is understood by the U.S. Securities and Exchange Commission (SEC) including any related to the Portfolio, (ii) to effectuate the execution and delivery of this Agreement; (iii) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (iv) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. This Agreement is legal, valid, and binding upon SongVest and is enforceable in accordance with its terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. **Distribution**. Seller shall notify SongVest of any change in distributor, administrator, publisher, or other revenue source and shall cooperate fully to ensure uninterrupted payment of Royalties to SongVest, including execution of replacement LODs if required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **Change in Ownership; Sale of Portfolio.** In the event Seller sells, transfers, assigns, or otherwise disposes of the Portfolio, any of the Assets, or any interest therein, or if there is any change of ownership or control of Seller (each, a "Change of Control Transaction"), Seller shall, and shall cause any acquiring or successor owner to, promptly take all actions necessary to ensure SongVest continues to receive its applicable share of Royalties without interruption or diminution.

Without limiting the foregoing, Seller shall ensure that all required assignments, notices, letters of direction, payee change forms, and other documentation are executed and delivered directly to all applicable distributors, publishers, administrators, collection societies, digital service providers, and other revenue sources to provide for SongVest to be paid directly, or through a mutually agreed payment mechanism, its applicable pro rata share of Royalties. Any acquiring or successor owner shall automatically assume responsibility for the ongoing administration of the Assets and shall remit to SongVest all Royalties due pursuant to this Agreement **without any deduction, offset, recoupment, or administration fee of any kind**. Seller acknowledges that injunctive relief and specific performance may be appropriate remedies for any breach of this Section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. **Successors & Assigns**. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, permitted assigns, heirs, executors and administrators. Either party may assign this Agreement or any of its rights or obligations hereunder to a third party which agrees to assume the assigning party's obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. **Notices**. All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been given (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); or (c) on the third (3<sup>rd</sup>) day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications must be sent 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 6**):

---

| | |
|:---|:---|
| If to Seller: | Sean Peace |
|  | 3724 Congeniality Way |
|  | Raleigh, NC 27613 |
| If to SongVest: | RoyaltyTraders, LLC dba SongVest<br> 1053 East Whitaker Mill Road, Suite 115<br> Raleigh, NC 27604 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. **Choice of Law**. This Agreement shall be governed by and construed in accordance with the laws of the State of Tennessee, USA (without regard to its conflicts of law doctrines) as if this Agreement were entered into and wholly to be performed therein. All actions arising out of or relating to this Agreement shall be brought in the State or Federal courts in Davidson County, Tennessee, and the parties hereby submit to the jurisdiction of such courts. If any legal action or other proceeding is brought for the enforcement of this Agreement or as a result of a breach, default or misrepresentation in connection with any of the provisions of this Agreement, the successful or prevailing party shall be entitled to recover reasonable attorneys' fees and other costs insured in such action or proceeding in addition to any other relief to which such party may be entitled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. **Entire Agreement; Modifications; Headings**. This Agreement, together with the Closing Documents, constitute the entire understanding between the Parties with respect to the transactions contemplated herein and supersede all other agreements and understandings between the Parties; provided, however, that in the event of any conflict, the terms of this Agreement shall prevail. No modification of this Agreement shall be valid unless in writing and signed by both Parties. The titles and headings of the various articles and sections in this Agreement are intended solely for convenience of reference and are not intended for any other purpose whatsoever or to explain, modify, or place any construction on any of the provisions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. **No Third-Party Beneficiary.** The Parties acknowledge and agree that each Investor is an intended third-party beneficiary solely with respect to the economic right to receive Royalties under this Agreement. Notwithstanding the foregoing, each Investor has irrevocably and exclusively delegated all rights to enforce this Agreement to SongVest Pursuant to the terms under which each Investor subscribes through the SongVest platform. The existence of third-party beneficiary status shall not expand the duties, liabilities, or remedies of Seller or Songvest beyond those expressly set forth herein, and all limitation of liabilities, waivers, and restrictions contained in this Agreement shall apply equally to any claim asserted for the benefit of Investors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. **Limitation of Liability.** To the maximum extent permitted by applicable law, neither SongVest nor the Seller shall by liable to the other for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, loss of revenue, loss of data, or loss of business opportunity, arising out of or relating to this Agreement, whether based on contract, tort (including negligence), strict liability, or any other legal theory, even if such party has been advised of the possibility of such damages. In no event shall SongVest's or the Seller's aggregate liability arising out of or related to this Agreement exceed the greater of (i) the Purchase Price, or (ii) the Royalties paid or payable under this Agreement in the twelve (12) month period immediately preceding the event giving rise to the claim. This limitation of liability shall not apply to SongVest's or the Seller's gross negligence or willful misconduct. For the avoidance of doubt, all limitations of liability and waivers set forth in this Agreement apply to any claims asserted for the benefit of Investors, whether directly or indirectly.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. **Counterparts; Facsimile Signatures**. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same instrument. A signed copy of this Agreement delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement.

[Signatures to be provided on following page]

IN WITNESS WHEREOF, the Parties have executed this Agreement under seal (each Party adopting the word "SEAL" as its true and lawful seal) as of the date first set forth above.

---

| | |
|:---|:---|
| **SongVest:** | **SongVest:** |
| RoyaltyTraders LLC dba SongVest | RoyaltyTraders LLC dba SongVest |
| By: | (SEAL) |
| Name: | Alex Guiva |
| Title: | Partner |

---

---

| | |
|:---|:---|
| **Seller:** | **Seller:** |
| Sean Peace | Sean Peace |
| By: | (SEAL) |
| Name: | Sean Peace |

---

**SCHEDULE A**

**PORTFOLIO/REVENUE SOURCES/PERCENTAGE INTERESTS**

1. **Royalty Period –** With respect to each Asset, commencing on <u>the date of the closing of the Offering</u> and ending upon <u>the expiration of copyright</u> in such Asset.

2. **Assets** – The following are the type(s) of Assets contained in the Portfolio:

---

| | | |
|:---|:---|:---|
| **TITLE** | **ISRC** | **SELLER'S % INTEREST** |
| "A LOVE SO BEAUTIFUL"<br> "LEAN ON ME"<br> "TIME, LOVE AND TENDERNESS"<br> "SOUL OF MY SOUL"<br> "A TIME FOR LETTING GO"<br> "NEW LOVE"<br> "I FOUND SOMEONE"<br> "FOREVER ISN'T LONG ENOUGH" | See attached Exhibit B | 100% |

---

3. **Percentage Interests** – The Percentage Interest in Seller's Revenue Sources is a maximum of One-Hundred <u>Percent (100%)</u>, subject to clause 6, below.

4. **Revenue Sources** – The Revenue Sources from sales and/or exploitations of Assets are as follows:

---

| | |
|:---|:---|
| A. | Type: |
|  | **<u>Master Income</u>** |
| B. | Share: |
|  | **<u>Producer's Share</u>** |

---

5. **Distributors –** The current Distributors, Labels, and/or PROs, as applicable, of Assets:

**<u>Sony Music - Sean Will be paid by Sony and will then pay Songvest</u>**

Sch. A-1

6. **Purchase Price and Royalty Interest** – The Purchase Price shall be equal to either (i) the "Minimum: set forth below; (ii) the "Maximum" set forth below; or (iii) a number in between the "Minimum" and "Maximum" set forth below:

● <u>Minimum</u>: $<u>1.00</u>, which shall entitle SongVest to <u>1</u> % Royalty Interest in the Royalties<sup>**(1)**</sup>

● <u>Maximum</u>: $<u>30,034.58</u>, which shall entitle SongVest to a <u>100</u> % Royalty Interest in the Royalties<sup>**(1)**</sup>

7. **Artist** – The musical group or recording artist whose performances are embodied in the Asset(s) are:

---

| | |
|:---|:---|
| **Title** | **Artist** |
| "A LOVE SO BEAUTIFUL" | Michael Bolton |
| "LEAN ON ME" | Michael Bolton |
| "TIME, LOVE AND TENDERNESS" | Michael Bolton |
| "SOUL OF MY SOUL" | Michael Bolton |
| "A TIME FOR LETTING GO" | Michael Bolton |
| "NEW LOVE" | Michael Bolton |
| "I FOUND SOMEONE" | Michael Bolton |
| "FOREVER ISNT LONG ENOUGH" | Michael Bolton |

---

***(1)***  ***For any Purchase Price that falls between the Minimum or Maximum amounts set forth above, the Royalty Interest in the Royalties to which SongVest shall be entitled will be calculated by multiplying the Purchase Price by a fraction, for which the numerator shall be the Purchase Price, and the denominator shall be the Maximum amount set forth above.*** 

Sch. A-2

**SCHEDULE B: FEES AND EXPENSES**

SongVest intends to collect a fee equal to approximately 26% of the Purchase Price as compensation for its role in facilitating the Transaction.

The Purchase Price agreed to by the Seller herein is not reduced by the aforementioned fees. SongVest may elect to forego these fees at its sole discretion.

Sch. B-1

**EXHIBIT A**

________________

Sean Peace

Re: <u>Notice of Assignment of Income</u>

Gentlepersons:

Reference is made to the Royalty Option Agreement, effective as of the Effective Date (the 'Agreement') by and between Sean Peace, individually and on behalf of its affiliates (Collectively, the "Seller"), and RoyaltyTraders LLC, d/b/a Songvest (the "Purchaser"). Capitalized terms used herein which are not defined herein shall have the meanings ascribed thereto in the Agreement.

As evidenced by the Agreement, Purchaser has acquired from Seller, throughout the world, the exclusive right to receive and collect the applicable Royalty Interest (as defined in the Agreement and Schedule A) of Seller's share of royalties from the Performance Royalties (and other Assets) accrued and unpaid and hereafter accruing (the "Assigned Royalties"). Accordingly, from and after the applicable Closing Date(s), you are to remit to Purchaser all of the Assigned Royalties, regardless of when earned, to Purchaser, and send them along with any corresponding statements, notices and correspondence to:

RoyaltyTraders, LLC dba SongVest

Attn: Royalty Payments Dept.

1053 East Whitaker Road, Suite 115

Raleigh, NC 27604

Or electronically to <u>finance@songvest.com</u>

---

| |
|:---|
| Please confirm your receipt of this notice. |
| Very Truly Yours, |
| Sean Peace |

---

**EXHIBIT B**

Complete ISRC List

---

| | |
|:---|:---|
| **Title** | **ISRC** |
| A LOVE SO BEAUTIFUL | USSM19501102 |
| LEAN ON ME | USSM19303124 |
| LEAN ON ME | USSM10700367 |
| LEAN ON ME | USSM10315301 |
| TIME, LOVE & TENDERNESS | USSM19100564 |
| TIME, LOVE AND TENDERNESS | USSM19100564 |
| TIME, LOVE AND TENDERNESS | USSM19100041 |
| SOUL OF MY SOUL | USSM19300265 |
| SOUL OF MY SOUL | USSM10304961 |
| A TIME FOR LETTING GO | USSM19303126 |
| NEW LOVE | USSM19100570 |
| I FOUND SOMEONE | USSM19501115 |
| I FOUND SOMEONE | USSM10111331 |
| FOREVER ISNT LONG ENOUGH | USSM19100566 |

---

## Ex1A-6

**Exhibit 6.48**

**ROYALTY OPTION AGREEMENT**

This Royalty Option Agreement ("**Agreement**") is entered into as of February 19, 2026, by and between RoyaltyTraders LLC dba SongVest, a Delaware limited liability company ("**SongVest**") at 1053 East Whitaker Rd Suite 115, Raleigh, NC 27604, and Sean Peace of 3724 Congeniality Way Raleigh, NC 27613 ("**Seller**") and, collectively with SongVest, the "**Parties.**"

WHEREAS, Seller is granting to SongVest an exclusive option to enter into the Transaction (as defined below);

WHEREAS, subject to satisfaction of the Option Threshold (as defined below), Seller will sell to SongVest the right to receive Royalties deriving from the Portfolio during the Royalty Periods (as listed on Schedule A), and SongVest will issue proceed rights units (each, a "**Unit**," and collectively, the "Proceed Rights") to third-party investors via the SongVest platform;

WHEREAS, the Parties desire to memorialize their agreement regarding the Royalties to be directed and paid to SongVest in exchange for payment of the Purchase Price to Seller;

NOW, THEREFORE, in consideration of the mutual covenants herein, the Parties agree as follows:

**Certain Defined Terms**. For purposes of this Agreement, the following terms shall have the meanings set forth below:

"**Assets**" means the assets contained in the Portfolio (e.g., Sound Recordings, Compositions) as listed on Schedule A attached hereto and made a part hereof.

"**Artist(s)**" means those recording artists whose musical performances are embodied in the Assets contained in the Portfolio, if any, and as set forth on Schedule A.

"**Compositions**" means those musical compositions the titles of which are set forth on Schedule A, if any.

"**Distributor(s)**" means any third-party distributor, including a record label or online digital distribution company, that sells, markets, and/or distributes sound recordings embodying the Assets.

"**Fees and Expenses**" means the fees and expenses, including Anticipated Fees, incurred by SongVest for its time and effort to place the Proceed Rights into the Offering and market the Units and Proceed Rights to the general public. Fees and Expenses include, without limitation, legal and other regulator costs related to completing the Offering memorandum and closing. Anticipated Fees are outlined in Schedule B, though actual Fees and Expenses may differ.

"**Net Revenue**" means the Royalties generated from the Portfolio Assets less any service fee charged by the Distributor (or other third party) and current taxes payable during the current period as withheld by the Distributor (or other third party) for the sole purpose of remittal to an entity with taxing authority in the normal course of business.

"**Offering**" means the offering held by SongVest via the Site wherein investors are issued the Units and Proceed Rights.

"**Option Threshold**" means $1.00.

"**Percentage Interest**" means the percentage of Seller's revenue that is available for SongVest to receive from the Seller with respect to the Revenue Sources, up to a maximum of One-Hundred percent (100%), subject to clause 6 of Schedule A.

"**Portfolio**" means the portfolio of Assets as set forth on Schedule A.

"**PRO**" means Seller's public performance rights organization, if any.

"**Purchase Price**" means the purchase price for the Royalties by SongVest as set forth on Schedule A.

"**Sound Recordings**" means those sound recordings embodying the performances of Artist(s) and set forth on Schedule A, if any.

"**Revenue Sources**" means those sources of revenue earned and received by Seller and from which the Royalties are derived from the Assets, which may include, as set forth herein, streaming of the Sound Recordings, record sales, neighboring rights, licensing, or digital sales.

"**Royalty Period**" means, with respect to the Royalties, the period commencing with the initial payment of the Royalties to SongVest and ending on such date as set forth in Schedule A.

"**Royalties**" means the royalties payable to SongVest in connection with the Portfolio that derive from the Revenue Sources based on the Percentage Interest.

"**Royalty Interest**" means the percentage of the Royalties that SongVest is entitled to as set forth in Schedule A based on the Percentage Interest.

"**Seller Agreements**" means those agreements between Seller and third parties, including Artists and/or Distributors, wherein Seller is entitled to receive the Percentage Interest of all Assets.<br>

"**Streaming**" means the Net Revenue payable to Seller derived from the Portfolio (including all Assets) from Distributor, Artist, Publisher, and/or PRO, as applicable, from all digital streaming platforms (e.g., Spotify) and reported by any source (digital service providers, SoundExchange, Distributor or other companies collecting streaming income on the Portfolio).

"**Term**" means the term of this Agreement, which Term shall commence on the date of signature of this Agreement and continue until the earlier of (a) the date that is twelve (12) months following the Effective Date, if the Option Threshold has not been satisfied by such date; or (b) the date on which all Royalties payable with respect to all Royalty Interests sold and closed hereunder have been paid in full to SongVest. For the avoidance of doubt, upon satisfaction of the Option Threshold, SongVest's option to enter into the Transaction shall be deemed exercised, and the Term shall continue through the expiration of all applicable Royalty Periods with respect to Royalty Interests sold and closed, regardless of whether the Offering is completed or additional Royalty Interests are sold.

"**Videos**" means those audiovisual recordings of Sound Recordings and set forth on Schedule A, if any.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1. **Transaction/Offering.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller hereby grants to SongVest the exclusive right during the Term to conduct the Offering. SongVest may conduct the Offering in one or more closings, including on a rolling or quarterly basis, in SongVest's sole discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The Parties acknowledge and agree that the **Option Threshold shall be deemed satisfied upon the funding of at least One Dollar ($1.00)**. Upon satisfaction of the Option Threshold, SongVest's option shall be deemed exercised with respect to the Royalty Interests sold and closed from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The Offering may be closed in one or more closings (each, a "**Closing** "). At each Closing, Seller shall irrevocably assign, grant, and convey to SongVest the applicable pro rata Royalty Interest corresponding solely to the portion of the Purchase Price funded at such Closing, as further set forth on Schedule A. No Royalty Interest shall vest or accrue except with respect to amounts actually sold and closed. Royalties attributable to Royalty Interests sold at a given Closing shall accrue only from and after such Closing and shall not relate back to any prior period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Promptly following each Closing, and in any event within five (5) business days of such Closing, SongVest shall remit to Seller the Purchase Price (without any deduction or set-off) funded at such Closing, in accordance with the payment instructions provided to SongVest by Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **Royalties**. Seller agrees that, during the applicable Royalty Periods, all Royalties derived from the Portfolio Assets and applicable Revenue Sources shall be paid or directed to SongVest in accordance with this Agreement and Schedule A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. **Administration Election:** Seller shall administer Royalties in one of the following manners, as elected by Seller in writing (Seller hereby elects option (ii)(Seller Administration)):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. **Letters of Direction ("LODs").** Seller shall execute and maintain irrevocable letters of direction directing applicable distributors, publishers, administrators, PROs, and other revenue sources to remit directly to SongVest the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed; **or** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. **Seller Administration.** Seller shall continue to administer and collect all Royalties and shall remit to SongVest, on a quarterly basis (or such other period as set forth on Schedule A), the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed.

Unless and until the Parties mutually agree otherwise in writing, Seller may continue Seller Administration indefinitely, including following the completion of the Offering.

Notwithstanding anything herein to the contrary, Seller shall only be required to execute or maintain Letters of Direction to the extent Seller elects LOD-based administration pursuant to this Section or as otherwise required under the "Change in Ownership; Sale of Fund" section below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. **Third-Party Noncompliance:** Seller shall use commercially reasonable efforts to cause applicable third parties to comply with the elected administration method. In the event of any failure by a third party to remit Royalties as required, Seller shall remain responsible for remitting to SongVest the applicable Royalties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. **Audit and Reporting:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. If Seller elects Letters of Direction ("LODs") pursuant to the Administration Election above (or if LODs are required under the "Change in Ownership; Sale of Fund" section below), Seller shall execute and maintain irrevocable letters of direction ("LOD"), a copy of which is attached hereto as Exhibit A, directing Distributor, Artist, Publisher, PRO and/or other third party, as applicable, to account and pay to SongVest the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed for the entire Royalty Period at the same time and on the same terms as such party is required to account to Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. If Seller elects Seller Administration pursuant to the Administration Election above (or if Seller elects Letters of Direction ("LODs") pursuant to the Administration Election above (or if LODs are required under the "Change in Ownership; Sale of Fund" section below), and if Distributor, Artist, Publisher, PRO and/or other third party, as applicable, fails to account or pay Royalties to SongVest directly as required hereunder and instead pays such Royalties to Seller), Seller shall account to SongVest via a statement and pay all Royalties earned and received by Seller during such period no later than thirty (30) days after receipt by Seller of such Royalties. All payments shall be made to SongVest via wire transfer of immediately available funds pursuant to SongVest's written instructions for same. In the event Seller conducts an audit of any of Distributor's or Artist's (or other distributor's, publishers, PRO's or licenses) books and records regarding the sale of any Asset in the Portfolio at any time during the Term, Seller shall notify SongVest thereof and allow, to the extent Seller has the right to allow, SongVest to participate in such audit as it relates to sales of Portfolio. In the event Seller receives any proceeds or awards from any such audit or other claim relating to the Portfolio, Seller will immediately notify SongVest thereof and pay to SongVest its proportionate share of the proceeds (subject to a deduction therefrom of Seller's actual, verifiable costs in conducting such audit or claim). Upon SongVest's request therefor and subject to SongVest covering the costs thereof, Seller agrees, to the extent Seller has the right to do so, to conduct an audit of Distributor's or Artist's books and records related solely to accountings in connection with Royalties hereunder. In the event such audit reveals an underpayment of any monies due and payable in connection with Assets that were the subject of such audit, Seller shall ensure that such additional monies are collected and paid directly to SongVest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. At any time within two (2) years after any statement is rendered to SongVest hereunder, SongVest shall have the right to, upon thirty (30) days written notice, examine Seller's books and records with respect to such statement. Such examination shall be at SongVest's sole cost and expense, by a certified public accountant or other qualified representative designated by SongVest. Such examination shall be made during Seller's usual business hours at the place where Seller maintains the books and records which relate to the Portfolio and which are necessary to verify the accuracy of the statement. Seller shall have no obligation to produce such books and records more than once with respect to each statement rendered to SongVest. Unless notice shall have been given to Seller as provided hereinabove, each royalty statement rendered to SongVest shall be final, conclusive and binding on SongVest and shall constitute an account stated. SongVest shall be foreclosed from maintaining any action, claim or proceeding against Seller in any forum or tribunal with respect to any statement or accounting rendered hereunder unless such action, claim or proceeding is commenced against Seller in a court of competent jurisdiction within eighteen (18) months after the date such statement or accounting is rendered. All audit, accounting, reporting, payment timing, and interest provisions shall apply on a pro rata basis solely with respect to Royalty Interests sold and closed from time to time pursuant to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. At any time within two (2) years after any payment is rendered
to Seller by SongVest hereunder, Seller shall have the right, upon thirty (30) days' written notice, to examine SongVest's
books and records solely to the extent reasonably necessary to verify the calculation and accuracy of such payment to Seller under this
Agreement. Such examination shall be limited to records directly related to the determination of the amount payable to Seller hereunder
and shall expressly exclude any records relating to (i) investor subscriptions, allocations, or distributions, (ii) the Offering or any
securities-related matters, or (iii) any systems, records, escrow accounts, or processes maintained by North Capital or any other third-party
service provider acting in a securities, escrow, or administrative capacity in connection with the Offering. Any such examination shall
be conducted at Seller's sole cost and expense, during SongVest's usual business hours, and no more than once with respect
to any payment. Unless notice is given as provided herein, each payment shall be final, conclusive, and binding upon Seller and shall
constitute an account stated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **Seller's Representations, Warranties and Covenants**. The Seller hereby represents, warrants and covenants to SongVest that as of the date hereof:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller: (i) owns and/or has the irrevocable, exclusive right to receive the Royalties free and clear of any mortgage, pledge, lien, charge, security interest, encumbrance, restriction or adverse claim of any nature whatsoever (collectively, "Liens"), other than any tax obligation that Seller must satisfy in connection with the purchase and sale of the Royalties hereunder, (ii) is not aware of any Liens being asserted against the Royalties, (iii) has not consented to the imposition of any Liens on the Royalties and (iv) has not sold, assigned, transferred or otherwise encumbered any of Seller's rights in the Royalties to any person or entity other than SongVest;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Seller is competent to enter into (and understands the terms of) this Agreement and has been represented by tax and accounting advisors and legal counsel in the negotiation and execution of this Agreement, or knowingly waived Seller's right to do so;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Seller intends to (and shall) fully and timely satisfy all tax obligations of Seller flowing from this Agreement from the proceeds Seller receives from SongVest hereunder; In the event Seller fails to satisfy tax obligations flowing from this Agreement, SongVest will not be subject to liability on behalf of Seller;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Seller shall indemnify, defend and hold harmless SongVest, its agents, attorneys, employees, officers, directors, successors and assigns (collectively, the Indemnified Parties") from and against all claims, losses, damages, penalties, judgments, lawsuits and all related costs and expenses of any nature (including legal fees and costs) (collectively, "Costs") which may be incurred by or asserted against any of the Indemnified Parties arising out of, related to, or in connection with any breach or alleged breach by Seller of Seller's obligations, agreements, covenants, representations and/or warranties in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Seller has all necessary right, power, legal capacity and authority, and all necessary actions on the part of Seller (including action required to be taken by Seller's officers, directors, shareholders, trustees, executors or representatives) have been duly and validly taken to authorize Seller: (i) to own the Royalties; (ii) to sell, assign and transfer the Royalties as provided herein; (iii) to effectuate the execution and delivery of this Agreement; (iv) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (v) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. No approvals or consents of any persons or entities other than Seller are necessary in connection therewith, including, without limitation, any approval or consent by the Artists, Distributor, any co-writers or owners of the Assets, and/or any third-party publishers or PRO's, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. As of the date of execution of this Agreement, Seller has no outstanding, unrecouped, and/or unearned advances in respect of or affecting the Royalties and, at no time during the Term will Seller enter into any agreement affecting the payment of Royalties hereunder, including, without limitation, any agreement whereby Seller receives any advance or other monies that are recoupable from (or otherwise reduce) Royalties payable hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. All federal, state and local taxes accrued or owing by Seller to and including the date of execution of this Agreement arising out of or in connection with the Royalties, including without limitation any sales or transfer taxes resulting from the transaction contemplated herein, if any, have been or will be paid or caused to be paid by Seller. The Royalties are free and clear of any and all liens, charges, mortgages, pledges, claims, encumbrances, obligations or liabilities of any kind or nature whatsoever whether accrued, absolute, contingent or otherwise, which would negatively affect the transfer to SongVest of the right to receive the Royalties hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Throughout the Term, Seller shall not take any voluntary action intended to materially impair, delay, or reduce the Royalties payable to SongVest pursuant to this Agreement. The foregoing restriction shall not apply to any of Sellers's distributors, Publishers, or PROs, provided Seller shall provide written notice to SongVest of any sale by the foregoing promptly upon receiving notice from such third parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Seller will not grant any rights or incur any obligations that are inconsistent with the rights granted herein or Seller's obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. Seller will maintain the power, right and authority to perform its obligations hereunder at all times during the Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k. Each Seller Agreement is: (i) in full force and effect as of the date hereof, and shall remain in effect throughout the entire Term and (ii) a valid and binding agreement between Seller and the applicable third party (e.g., Artist) wherein Seller is irrevocably entitled to receive and retain all Royalties with respect to the Assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l. At no time during the Term shall Seller terminate, rescind, revoke or attempt to terminate, rescind or revoke such Seller Agreement or any LOD without the prior written approval of SongVest.

SongVest hereby represents, warrants and covenants to the Seller that as of the date hereof SongVest has all necessary right, power, legal capacity and authority to (i) sell, market (directly or indirectly) advertise or promote securities as that term is understood by the U.S. Securities and Exchange Commission (SEC) including any related to the Portfolio, (ii) to effectuate the execution and delivery of this Agreement; (iii) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (iv) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. This Agreement is legal, valid, and binding upon SongVest and is enforceable in accordance with its terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. **Distribution**. Seller shall notify SongVest of any change in distributor, administrator, publisher, or other revenue source and shall cooperate fully to ensure uninterrupted payment of Royalties to SongVest, including execution of replacement LODs if required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **Change in Ownership; Sale of Portfolio.** In the event Seller sells, transfers, assigns, or otherwise disposes of the Portfolio, any of the Assets, or any interest therein, or if there is any change of ownership or control of Seller (each, a "Change of Control Transaction"), Seller shall, and shall cause any acquiring or successor owner to, promptly take all actions necessary to ensure SongVest continues to receive its applicable share of Royalties without interruption or diminution.

Without limiting the foregoing, Seller shall ensure that all required assignments, notices, letters of direction, payee change forms, and other documentation are executed and delivered directly to all applicable distributors, publishers, administrators, collection societies, digital service providers, and other revenue sources to provide for SongVest to be paid directly, or through a mutually agreed payment mechanism, its applicable pro rata share of Royalties. Any acquiring or successor owner shall automatically assume responsibility for the ongoing administration of the Assets and shall remit to SongVest all Royalties due pursuant to this Agreement **without any deduction, offset, recoupment, or administration fee of any kind**. Seller acknowledges that injunctive relief and specific performance may be appropriate remedies for any breach of this Section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. **Successors & Assigns**. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, permitted assigns, heirs, executors and administrators. Either party may assign this Agreement or any of its rights or obligations hereunder to a third party which agrees to assume the assigning party's obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. **Notices**. All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been given (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); or (c) on the third (3<sup>rd</sup>) day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications must be sent 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 6**):

---

| | |
|:---|:---|
| If to Seller: | Sean Peace |
|  | 3724 Congeniality Way |
|  | Raleigh, NC 27613 |
| If to SongVest: | RoyaltyTraders, LLC dba SongVest<br> 1053 East Whitaker Mill Road, Suite 115<br> Raleigh, NC 27604 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. **Choice of Law**. This Agreement shall be governed by and construed in accordance with the laws of the State of Tennessee, USA (without regard to its conflicts of law doctrines) as if this Agreement were entered into and wholly to be performed therein. All actions arising out of or relating to this Agreement shall be brought in the State or Federal courts in Davidson County, Tennessee, and the parties hereby submit to the jurisdiction of such courts. If any legal action or other proceeding is brought for the enforcement of this Agreement or as a result of a breach, default or misrepresentation in connection with any of the provisions of this Agreement, the successful or prevailing party shall be entitled to recover reasonable attorneys' fees and other costs insured in such action or proceeding in addition to any other relief to which such party may be entitled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. **Entire Agreement; Modifications; Headings**. This Agreement, together with the Closing Documents, constitute the entire understanding between the Parties with respect to the transactions contemplated herein and supersede all other agreements and understandings between the Parties; provided, however, that in the event of any conflict, the terms of this Agreement shall prevail. No modification of this Agreement shall be valid unless in writing and signed by both Parties. The titles and headings of the various articles and sections in this Agreement are intended solely for convenience of reference and are not intended for any other purpose whatsoever or to explain, modify, or place any construction on any of the provisions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. **No Third-Party Beneficiary.** The Parties acknowledge and agree that each Investor is an intended third-party beneficiary solely with respect to the economic right to receive Royalties under this Agreement. Notwithstanding the foregoing, each Investor has irrevocably and exclusively delegated all rights to enforce this Agreement to SongVest Pursuant to the terms under which each Investor subscribes through the SongVest platform. The existence of third-party beneficiary status shall not expand the duties, liabilities, or remedies of Seller or Songvest beyond those expressly set forth herein, and all limitation of liabilities, waivers, and restrictions contained in this Agreement shall apply equally to any claim asserted for the benefit of Investors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. **Limitation of Liability.** To the maximum extent permitted by applicable law, neither SongVest nor the Seller shall by liable to the other for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, loss of revenue, loss of data, or loss of business opportunity, arising out of or relating to this Agreement, whether based on contract, tort (including negligence), strict liability, or any other legal theory, even if such party has been advised of the possibility of such damages. In no event shall SongVest's or the Seller's aggregate liability arising out of or related to this Agreement exceed the greater of (i) the Purchase Price, or (ii) the Royalties paid or payable under this Agreement in the twelve (12) month period immediately preceding the event giving rise to the claim. This limitation of liability shall not apply to SongVest's or the Seller's gross negligence or willful misconduct. For the avoidance of doubt, all limitations of liability and waivers set forth in this Agreement apply to any claims asserted for the benefit of Investors, whether directly or indirectly.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. **Counterparts; Facsimile Signatures**. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same instrument. A signed copy of this Agreement delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement.

[Signatures to be provided on following page]

IN WITNESS WHEREOF, the Parties have executed this Agreement under seal (each Party adopting the word "SEAL" as its true and lawful seal) as of the date first set forth above.

---

| | |
|:---|:---|
| **SongVest:** | **SongVest:** |
| RoyaltyTraders LLC dba SongVest | RoyaltyTraders LLC dba SongVest |
| By: | (SEAL) |
| Name: | Sean Peace |
| Title: | Founder/CEO |

---

---

| | |
|:---|:---|
| **Seller:** | **Seller:** |
| Sean Peace | Sean Peace |
| By: | (SEAL) |
| Name: | Sean Peace |

---

**SCHEDULE A**

**PORTFOLIO/REVENUE SOURCES/PERCENTAGE INTERESTS**

1. **Royalty Period –** With respect to each Asset, commencing on <u>the date of the closing of the Offering</u> and ending upon <u>the expiration of copyright</u> in such Asset.

2. **Assets** – The following are the type(s) of Assets contained in the Portfolio:

---

| | | |
|:---|:---|:---|
| **TITLE** | **ISRC** | **SELLER'S % INTEREST** |
| "WHEN A MAN LOVES A WOMAN"<br> "STEEL BARS"<br> "MISSING YOU NOW"<br> "NOW THAT I FOUND YOU"<br> "LOVE IS A WONDERFUL THING"<br> "WE'RE NOT MAKIN' LOVE ANYMORE"<br> "NEVER GET ENOUGH OF YOUR LOVE"<br> "THE ONE THING" | See attached Exhibit B | 100% |

---

3. **Percentage Interests** – The Percentage Interest in Seller's Revenue Sources is a maximum of One-Hundred <u>Percent (100%)</u>, subject to clause 6, below.

4. **Revenue Sources** – The Revenue Sources from sales and/or exploitations of Assets are as follows:

---

| | |
|:---|:---|
| A. | Type: |
|  | **<u>Master Income</u>** |
| B. | Share: |
|  | **<u>Producer's Share</u>** |

---

5. **Distributors –** The current Distributors, Labels, and/or PROs, as applicable, of Assets:

**<u>Sony Music - Sean Will be paid by Sony and will then pay Songvest</u>**

Sch. A-1

6. **Purchase Price and Royalty Interest** – The Purchase Price shall be equal to either (i) the "Minimum: set forth below; (ii) the "Maximum" set forth below; or (iii) a number in between the "Minimum" and "Maximum" set forth below:

● <u>Minimum</u>: $<u>1.00</u>, which shall entitle SongVest to <u>1</u> % Royalty Interest in the Royalties<sup>**(1)**</sup>

● <u>Maximum</u>: $<u>26,259.73</u>, which shall entitle SongVest to a <u>100</u> % Royalty Interest in the Royalties<sup>**(1)**</sup>

7. **Artist** – The musical group or recording artist whose performances are embodied in the Asset(s) are:

---

| | |
|:---|:---|
| **Title** | **Artist** |
| "WHEN A MAN LOVES A WOMAN" | Michael Bolton |
| "STEEL BARS" | Michael Bolton |
| "MISSING YOU NOW" | Michael Bolton (ft. Kenny G) |
| "NOW THAT I FOUND YOU" | Michael Bolton |
| "LOVE IS A WONDERFUL THING" | Michael Bolton |
| "WERE NOT MAKIN LOVE ANYMORE" | Michael Bolton (ft. Patti LaBelle) |
| "NEVER GET ENOUGH OF YOUR LOVE" | Michael Bolton |
| "THE ONE THING" | Michael Bolton |

---

***(1)***  ***For any Purchase Price that falls between the Minimum or Maximum amounts set forth above, the Royalty Interest in the Royalties to which SongVest shall be entitled will be calculated by multiplying the Purchase Price by a fraction, for which the numerator shall be the Purchase Price, and the denominator shall be the Maximum amount set forth above.*** 

Sch. A-2

**SCHEDULE B: FEES AND EXPENSES**

SongVest intends to collect a fee equal to approximately 26% of the Purchase Price as compensation for its role in facilitating the Transaction.

The Purchase Price agreed to by the Seller herein is not reduced by the aforementioned fees. SongVest may elect to forego these fees at its sole discretion.

Sch. B-1

**EXHIBIT A**

________________

Sean Peace

Re: <u>Notice of Assignment of Income</u>

Gentlepersons:

Reference is made to the Royalty Option Agreement, effective as of the Effective Date (the 'Agreement') by and between Sean Peace, individually and on behalf of its affiliates (Collectively, the "Seller"), and RoyaltyTraders LLC, d/b/a Songvest (the "Purchaser"). Capitalized terms used herein which are not defined herein shall have the meanings ascribed thereto in the Agreement.

As evidenced by the Agreement, Purchaser has acquired from Seller, throughout the world, the exclusive right to receive and collect the applicable Royalty Interest (as defined in the Agreement and Schedule A) of Seller's share of royalties from the Performance Royalties (and other Assets) accrued and unpaid and hereafter accruing (the "Assigned Royalties"). Accordingly, from and after the applicable Closing Date(s), you are to remit to Purchaser all of the Assigned Royalties, regardless of when earned, to Purchaser, and send them along with any corresponding statements, notices and correspondence to:

RoyaltyTraders, LLC dba SongVest

Attn: Royalty Payments Dept.

1053 East Whitaker Road, Suite 115

Raleigh, NC 27604

Or electronically to <u>finance@songvest.com</u>

---

| |
|:---|
| Please confirm your receipt of this notice. |
| Very Truly Yours, |
| Sean Peace |

---

**EXHIBIT B**

Complete ISRC List

---

| | |
|:---|:---|
| **Title** | **ISRC** |
| WHEN A MAN LOVES A WOMAN | USSM19100568 |
| WHEN A MAN LOVES A WOMAN | USSM19100042 |
| STEEL BARS | USSM19100572 |
| STEEL BARS | USSM19100044 |
| MISSING YOU NOW | USSM19100565 |
| MISSING YOU NOW | USSM19100043 |
| NOW THAT I FOUND YOU | USSM19100567 |
| LOVE IS A WONDERFUL THING | USSM20100575 |
| LOVE IS A WONDERFUL THING | USSM19100563 |
| WERE NOT MAKIN LOVE ANYMORE | USSM19100569 |
| NEVER GET ENOUGH OF YOUR LOVE | USSM19303127 |
| THE ONE THING | USSM19303122 |

---

## Ex1A-6

**Exhibit 6.49**

**ROYALTY OPTION AGREEMENT**

This Royalty Option Agreement ("**Agreement**") is entered into as of February 19, 2026, by and between RoyaltyTraders LLC dba SongVest, a Delaware limited liability company ("**SongVest**") at 1053 East Whitaker Rd Suite 115, Raleigh, NC 27604, and Sean Peace of 3724 Congeniality Way Raleigh, NC 27613 ("**Seller**") and, collectively with SongVest, the "**Parties.**"

WHEREAS, Seller is granting to SongVest an exclusive option to enter into the Transaction (as defined below);

WHEREAS, subject to satisfaction of the Option Threshold (as defined below), Seller will sell to SongVest the right to receive Royalties deriving from the Portfolio during the Royalty Periods (as listed on Schedule A), and SongVest will issue proceed rights units (each, a "**Unit**," and collectively, the "Proceed Rights") to third-party investors via the SongVest platform;

WHEREAS, the Parties desire to memorialize their agreement regarding the Royalties to be directed and paid to SongVest in exchange for payment of the Purchase Price to Seller;

NOW, THEREFORE, in consideration of the mutual covenants herein, the Parties agree as follows:

**Certain Defined Terms**. For purposes of this Agreement, the following terms shall have the meanings set forth below:

"**Assets**" means the assets contained in the Portfolio (e.g., Sound Recordings, Compositions) as listed on Schedule A attached hereto and made a part hereof.

"**Artist(s)**" means those recording artists whose musical performances are embodied in the Assets contained in the Portfolio, if any, and as set forth on Schedule A.

"**Compositions**" means those musical compositions the titles of which are set forth on Schedule A, if any.

"**Distributor(s)**" means any third-party distributor, including a record label or online digital distribution company, that sells, markets, and/or distributes sound recordings embodying the Assets.

"**Fees and Expenses**" means the fees and expenses, including Anticipated Fees, incurred by SongVest for its time and effort to place the Proceed Rights into the Offering and market the Units and Proceed Rights to the general public. Fees and Expenses include, without limitation, legal and other regulator costs related to completing the Offering memorandum and closing. Anticipated Fees are outlined in Schedule B, though actual Fees and Expenses may differ.

"**Net Revenue**" means the Royalties generated from the Portfolio Assets less any service fee charged by the Distributor (or other third party) and current taxes payable during the current period as withheld by the Distributor (or other third party) for the sole purpose of remittal to an entity with taxing authority in the normal course of business.

"**Offering**" means the offering held by SongVest via the Site wherein investors are issued the Units and Proceed Rights.

"**Option Threshold**" means $1.00.

"**Percentage Interest**" means the percentage of Seller's revenue that is available for SongVest to receive from the Seller with respect to the Revenue Sources, up to a maximum of One-Hundred percent (100%), subject to clause 6 of Schedule A.

"**Portfolio**" means the portfolio of Assets as set forth on Schedule A.

"**PRO**" means Seller's public performance rights organization, if any.

"**Purchase Price**" means the purchase price for the Royalties by SongVest as set forth on Schedule A.

"**Sound Recordings**" means those sound recordings embodying the performances of Artist(s) and set forth on Schedule A, if any.

"**Revenue Sources**" means those sources of revenue earned and received by Seller and from which the Royalties are derived from the Assets, which may include, as set forth herein, streaming of the Sound Recordings, record sales, neighboring rights, licensing, or digital sales.

"**Royalty Period**" means, with respect to the Royalties, the period commencing with the initial payment of the Royalties to SongVest and ending on such date as set forth in Schedule A.

"**Royalties**" means the royalties payable to SongVest in connection with the Portfolio that derive from the Revenue Sources based on the Percentage Interest.

"**Royalty Interest**" means the percentage of the Royalties that SongVest is entitled to as set forth in Schedule A based on the Percentage Interest.

"**Seller Agreements**" means those agreements between Seller and third parties, including Artists and/or Distributors, wherein Seller is entitled to receive the Percentage Interest of all Assets.<br>

"**Streaming**" means the Net Revenue payable to Seller derived from the Portfolio (including all Assets) from Distributor, Artist, Publisher, and/or PRO, as applicable, from all digital streaming platforms (e.g., Spotify) and reported by any source (digital service providers, SoundExchange, Distributor or other companies collecting streaming income on the Portfolio).

"**Term**" means the term of this Agreement, which Term shall commence on the date of signature of this Agreement and continue until the earlier of (a) the date that is twelve (12) months following the Effective Date, if the Option Threshold has not been satisfied by such date; or (b) the date on which all Royalties payable with respect to all Royalty Interests sold and closed hereunder have been paid in full to SongVest. For the avoidance of doubt, upon satisfaction of the Option Threshold, SongVest's option to enter into the Transaction shall be deemed exercised, and the Term shall continue through the expiration of all applicable Royalty Periods with respect to Royalty Interests sold and closed, regardless of whether the Offering is completed or additional Royalty Interests are sold.

"**Videos**" means those audiovisual recordings of Sound Recordings and set forth on Schedule A, if any.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1. **Transaction/Offering.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller hereby grants to SongVest the exclusive right during the Term to conduct the Offering. SongVest may conduct the Offering in one or more closings, including on a rolling or quarterly basis, in SongVest's sole discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The Parties acknowledge and agree that the **Option Threshold shall be deemed satisfied upon the funding of at least One Dollar ($1.00)**. Upon satisfaction of the Option Threshold, SongVest's option shall be deemed exercised with respect to the Royalty Interests sold and closed from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The Offering may be closed in one or more closings (each, a "**Closing** "). At each Closing, Seller shall irrevocably assign, grant, and convey to SongVest the applicable pro rata Royalty Interest corresponding solely to the portion of the Purchase Price funded at such Closing, as further set forth on Schedule A. No Royalty Interest shall vest or accrue except with respect to amounts actually sold and closed. Royalties attributable to Royalty Interests sold at a given Closing shall accrue only from and after such Closing and shall not relate back to any prior period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Promptly following each Closing, and in any event within five (5) business days of such Closing, SongVest shall remit to Seller the Purchase Price (without any deduction or set-off) funded at such Closing, in accordance with the payment instructions provided to SongVest by Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **Royalties**. Seller agrees that, during the applicable Royalty Periods, all Royalties derived from the Portfolio Assets and applicable Revenue Sources shall be paid or directed to SongVest in accordance with this Agreement and Schedule A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. **Administration Election:** Seller shall administer Royalties in one of the following manners, as elected by Seller in writing (Seller hereby elects option (ii)(Seller Administration)):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. **Letters of Direction ("LODs").** Seller shall execute and maintain irrevocable letters of direction directing applicable distributors, publishers, administrators, PROs, and other revenue sources to remit directly to SongVest the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed; **or** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. **Seller Administration.** Seller shall continue to administer and collect all Royalties and shall remit to SongVest, on a quarterly basis (or such other period as set forth on Schedule A), the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed.

Unless and until the Parties mutually agree otherwise in writing, Seller may continue Seller Administration indefinitely, including following the completion of the Offering.

Notwithstanding anything herein to the contrary, Seller shall only be required to execute or maintain Letters of Direction to the extent Seller elects LOD-based administration pursuant to this Section or as otherwise required under the "Change in Ownership; Sale of Fund" section below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. **Third-Party Noncompliance:** Seller shall use commercially reasonable efforts to cause applicable third parties to comply with the elected administration method. In the event of any failure by a third party to remit Royalties as required, Seller shall remain responsible for remitting to SongVest the applicable Royalties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. **Audit and Reporting:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. If Seller elects Letters of Direction ("LODs") pursuant to the Administration Election above (or if LODs are required under the "Change in Ownership; Sale of Fund" section below), Seller shall execute and maintain irrevocable letters of direction ("LOD"), a copy of which is attached hereto as Exhibit A, directing Distributor, Artist, Publisher, PRO and/or other third party, as applicable, to account and pay to SongVest the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed for the entire Royalty Period at the same time and on the same terms as such party is required to account to Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. If Seller elects Seller Administration pursuant to the Administration Election above (or if Seller elects Letters of Direction ("LODs") pursuant to the Administration Election above (or if LODs are required under the "Change in Ownership; Sale of Fund" section below), and if Distributor, Artist, Publisher, PRO and/or other third party, as applicable, fails to account or pay Royalties to SongVest directly as required hereunder and instead pays such Royalties to Seller), Seller shall account to SongVest via a statement and pay all Royalties earned and received by Seller during such period no later than thirty (30) days after receipt by Seller of such Royalties. All payments shall be made to SongVest via wire transfer of immediately available funds pursuant to SongVest's written instructions for same. In the event Seller conducts an audit of any of Distributor's or Artist's (or other distributor's, publishers, PRO's or licenses) books and records regarding the sale of any Asset in the Portfolio at any time during the Term, Seller shall notify SongVest thereof and allow, to the extent Seller has the right to allow, SongVest to participate in such audit as it relates to sales of Portfolio. In the event Seller receives any proceeds or awards from any such audit or other claim relating to the Portfolio, Seller will immediately notify SongVest thereof and pay to SongVest its proportionate share of the proceeds (subject to a deduction therefrom of Seller's actual, verifiable costs in conducting such audit or claim). Upon SongVest's request therefor and subject to SongVest covering the costs thereof, Seller agrees, to the extent Seller has the right to do so, to conduct an audit of Distributor's or Artist's books and records related solely to accountings in connection with Royalties hereunder. In the event such audit reveals an underpayment of any monies due and payable in connection with Assets that were the subject of such audit, Seller shall ensure that such additional monies are collected and paid directly to SongVest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. At any time within two (2) years after any statement is rendered to SongVest hereunder, SongVest shall have the right to, upon thirty (30) days written notice, examine Seller's books and records with respect to such statement. Such examination shall be at SongVest's sole cost and expense, by a certified public accountant or other qualified representative designated by SongVest. Such examination shall be made during Seller's usual business hours at the place where Seller maintains the books and records which relate to the Portfolio and which are necessary to verify the accuracy of the statement. Seller shall have no obligation to produce such books and records more than once with respect to each statement rendered to SongVest. Unless notice shall have been given to Seller as provided hereinabove, each royalty statement rendered to SongVest shall be final, conclusive and binding on SongVest and shall constitute an account stated. SongVest shall be foreclosed from maintaining any action, claim or proceeding against Seller in any forum or tribunal with respect to any statement or accounting rendered hereunder unless such action, claim or proceeding is commenced against Seller in a court of competent jurisdiction within eighteen (18) months after the date such statement or accounting is rendered. All audit, accounting, reporting, payment timing, and interest provisions shall apply on a pro rata basis solely with respect to Royalty Interests sold and closed from time to time pursuant to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. At any time within two (2) years after any payment is rendered
to Seller by SongVest hereunder, Seller shall have the right, upon thirty (30) days' written notice, to examine SongVest's
books and records solely to the extent reasonably necessary to verify the calculation and accuracy of such payment to Seller under this
Agreement. Such examination shall be limited to records directly related to the determination of the amount payable to Seller hereunder
and shall expressly exclude any records relating to (i) investor subscriptions, allocations, or distributions, (ii) the Offering or any
securities-related matters, or (iii) any systems, records, escrow accounts, or processes maintained by North Capital or any other third-party
service provider acting in a securities, escrow, or administrative capacity in connection with the Offering. Any such examination shall
be conducted at Seller's sole cost and expense, during SongVest's usual business hours, and no more than once with respect
to any payment. Unless notice is given as provided herein, each payment shall be final, conclusive, and binding upon Seller and shall
constitute an account stated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **Seller's Representations, Warranties and Covenants**. The Seller hereby represents, warrants and covenants to SongVest that as of the date hereof:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller: (i) owns and/or has the irrevocable, exclusive right to receive the Royalties free and clear of any mortgage, pledge, lien, charge, security interest, encumbrance, restriction or adverse claim of any nature whatsoever (collectively, "Liens"), other than any tax obligation that Seller must satisfy in connection with the purchase and sale of the Royalties hereunder, (ii) is not aware of any Liens being asserted against the Royalties, (iii) has not consented to the imposition of any Liens on the Royalties and (iv) has not sold, assigned, transferred or otherwise encumbered any of Seller's rights in the Royalties to any person or entity other than SongVest;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Seller is competent to enter into (and understands the terms of) this Agreement and has been represented by tax and accounting advisors and legal counsel in the negotiation and execution of this Agreement, or knowingly waived Seller's right to do so;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Seller intends to (and shall) fully and timely satisfy all tax obligations of Seller flowing from this Agreement from the proceeds Seller receives from SongVest hereunder; In the event Seller fails to satisfy tax obligations flowing from this Agreement, SongVest will not be subject to liability on behalf of Seller;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Seller shall indemnify, defend and hold harmless SongVest, its agents, attorneys, employees, officers, directors, successors and assigns (collectively, the Indemnified Parties") from and against all claims, losses, damages, penalties, judgments, lawsuits and all related costs and expenses of any nature (including legal fees and costs) (collectively, "Costs") which may be incurred by or asserted against any of the Indemnified Parties arising out of, related to, or in connection with any breach or alleged breach by Seller of Seller's obligations, agreements, covenants, representations and/or warranties in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Seller has all necessary right, power, legal capacity and authority, and all necessary actions on the part of Seller (including action required to be taken by Seller's officers, directors, shareholders, trustees, executors or representatives) have been duly and validly taken to authorize Seller: (i) to own the Royalties; (ii) to sell, assign and transfer the Royalties as provided herein; (iii) to effectuate the execution and delivery of this Agreement; (iv) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (v) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. No approvals or consents of any persons or entities other than Seller are necessary in connection therewith, including, without limitation, any approval or consent by the Artists, Distributor, any co-writers or owners of the Assets, and/or any third-party publishers or PRO's, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. As of the date of execution of this Agreement, Seller has no outstanding, unrecouped, and/or unearned advances in respect of or affecting the Royalties and, at no time during the Term will Seller enter into any agreement affecting the payment of Royalties hereunder, including, without limitation, any agreement whereby Seller receives any advance or other monies that are recoupable from (or otherwise reduce) Royalties payable hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. All federal, state and local taxes accrued or owing by Seller to and including the date of execution of this Agreement arising out of or in connection with the Royalties, including without limitation any sales or transfer taxes resulting from the transaction contemplated herein, if any, have been or will be paid or caused to be paid by Seller. The Royalties are free and clear of any and all liens, charges, mortgages, pledges, claims, encumbrances, obligations or liabilities of any kind or nature whatsoever whether accrued, absolute, contingent or otherwise, which would negatively affect the transfer to SongVest of the right to receive the Royalties hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Throughout the Term, Seller shall not take any voluntary action intended to materially impair, delay, or reduce the Royalties payable to SongVest pursuant to this Agreement. The foregoing restriction shall not apply to any of Sellers's distributors, Publishers, or PROs, provided Seller shall provide written notice to SongVest of any sale by the foregoing promptly upon receiving notice from such third parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Seller will not grant any rights or incur any obligations that are inconsistent with the rights granted herein or Seller's obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. Seller will maintain the power, right and authority to perform its obligations hereunder at all times during the Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k. Each Seller Agreement is: (i) in full force and effect as of the date hereof, and shall remain in effect throughout the entire Term and (ii) a valid and binding agreement between Seller and the applicable third party (e.g., Artist) wherein Seller is irrevocably entitled to receive and retain all Royalties with respect to the Assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l. At no time during the Term shall Seller terminate, rescind, revoke or attempt to terminate, rescind or revoke such Seller Agreement or any LOD without the prior written approval of SongVest.

SongVest hereby represents, warrants and covenants to the Seller that as of the date hereof SongVest has all necessary right, power, legal capacity and authority to (i) sell, market (directly or indirectly) advertise or promote securities as that term is understood by the U.S. Securities and Exchange Commission (SEC) including any related to the Portfolio, (ii) to effectuate the execution and delivery of this Agreement; (iii) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (iv) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. This Agreement is legal, valid, and binding upon SongVest and is enforceable in accordance with its terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. **Distribution**. Seller shall notify SongVest of any change in distributor, administrator, publisher, or other revenue source and shall cooperate fully to ensure uninterrupted payment of Royalties to SongVest, including execution of replacement LODs if required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **Change in Ownership; Sale of Portfolio.** In the event Seller sells, transfers, assigns, or otherwise disposes of the Portfolio, any of the Assets, or any interest therein, or if there is any change of ownership or control of Seller (each, a "Change of Control Transaction"), Seller shall, and shall cause any acquiring or successor owner to, promptly take all actions necessary to ensure SongVest continues to receive its applicable share of Royalties without interruption or diminution.

Without limiting the foregoing, Seller shall ensure that all required assignments, notices, letters of direction, payee change forms, and other documentation are executed and delivered directly to all applicable distributors, publishers, administrators, collection societies, digital service providers, and other revenue sources to provide for SongVest to be paid directly, or through a mutually agreed payment mechanism, its applicable pro rata share of Royalties. Any acquiring or successor owner shall automatically assume responsibility for the ongoing administration of the Assets and shall remit to SongVest all Royalties due pursuant to this Agreement **without any deduction, offset, recoupment, or administration fee of any kind**. Seller acknowledges that injunctive relief and specific performance may be appropriate remedies for any breach of this Section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. **Successors & Assigns**. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, permitted assigns, heirs, executors and administrators. Either party may assign this Agreement or any of its rights or obligations hereunder to a third party which agrees to assume the assigning party's obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. **Notices**. All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been given (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); or (c) on the third (3<sup>rd</sup>) day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications must be sent 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 6**):

---

| | |
|:---|:---|
| If to Seller: | Sean Peace |
|  | 3724 Congeniality Way |
|  | Raleigh, NC 27613 |
| If to SongVest: | RoyaltyTraders, LLC dba SongVest<br> 1053 East Whitaker Mill Road, Suite 115<br> Raleigh, NC 27604 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. **Choice of Law**. This Agreement shall be governed by and construed in accordance with the laws of the State of Tennessee, USA (without regard to its conflicts of law doctrines) as if this Agreement were entered into and wholly to be performed therein. All actions arising out of or relating to this Agreement shall be brought in the State or Federal courts in Davidson County, Tennessee, and the parties hereby submit to the jurisdiction of such courts. If any legal action or other proceeding is brought for the enforcement of this Agreement or as a result of a breach, default or misrepresentation in connection with any of the provisions of this Agreement, the successful or prevailing party shall be entitled to recover reasonable attorneys' fees and other costs insured in such action or proceeding in addition to any other relief to which such party may be entitled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. **Entire Agreement; Modifications; Headings**. This Agreement, together with the Closing Documents, constitute the entire understanding between the Parties with respect to the transactions contemplated herein and supersede all other agreements and understandings between the Parties; provided, however, that in the event of any conflict, the terms of this Agreement shall prevail. No modification of this Agreement shall be valid unless in writing and signed by both Parties. The titles and headings of the various articles and sections in this Agreement are intended solely for convenience of reference and are not intended for any other purpose whatsoever or to explain, modify, or place any construction on any of the provisions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. **No Third-Party Beneficiary.** The Parties acknowledge and agree that each Investor is an intended third-party beneficiary solely with respect to the economic right to receive Royalties under this Agreement. Notwithstanding the foregoing, each Investor has irrevocably and exclusively delegated all rights to enforce this Agreement to SongVest Pursuant to the terms under which each Investor subscribes through the SongVest platform. The existence of third-party beneficiary status shall not expand the duties, liabilities, or remedies of Seller or Songvest beyond those expressly set forth herein, and all limitation of liabilities, waivers, and restrictions contained in this Agreement shall apply equally to any claim asserted for the benefit of Investors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. **Limitation of Liability.** To the maximum extent permitted by applicable law, neither SongVest nor the Seller shall by liable to the other for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, loss of revenue, loss of data, or loss of business opportunity, arising out of or relating to this Agreement, whether based on contract, tort (including negligence), strict liability, or any other legal theory, even if such party has been advised of the possibility of such damages. In no event shall SongVest's or the Seller's aggregate liability arising out of or related to this Agreement exceed the greater of (i) the Purchase Price, or (ii) the Royalties paid or payable under this Agreement in the twelve (12) month period immediately preceding the event giving rise to the claim. This limitation of liability shall not apply to SongVest's or the Seller's gross negligence or willful misconduct. For the avoidance of doubt, all limitations of liability and waivers set forth in this Agreement apply to any claims asserted for the benefit of Investors, whether directly or indirectly.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. **Counterparts; Facsimile Signatures**. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same instrument. A signed copy of this Agreement delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement.

[Signatures to be provided on following page]

IN WITNESS WHEREOF, the Parties have executed this Agreement under seal (each Party adopting the word "SEAL" as its true and lawful seal) as of the date first set forth above.

---

| | |
|:---|:---|
| **SongVest:** | **SongVest:** |
| RoyaltyTraders LLC dba SongVest | RoyaltyTraders LLC dba SongVest |
| By: | (SEAL) |
| Name: | Alex Guiva |
| Title: | Partner |

---

---

| | |
|:---|:---|
| **Seller:** | **Seller:** |
| Sean Peace | Sean Peace |
| By: | (SEAL) |
| Name: | Sean Peace |

---

**SCHEDULE A**

**PORTFOLIO/REVENUE SOURCES/PERCENTAGE INTERESTS**

1. **Royalty Period –** With respect to each Asset, commencing on <u>the date of the closing of the Offering</u> and ending upon <u>the expiration of copyright</u> in such Asset.

2. **Assets** – The following are the type(s) of Assets contained in the Portfolio:

---

| | | |
|:---|:---|:---|
| **TITLE** | **ISRC** | **SELLER'S % INTEREST** |
| "Without You" | See attached Exhibit B | 100% |

---

3. **Percentage Interests** – The Percentage Interest in Seller's Revenue Sources is a maximum of One-Hundred <u>Percent (100%)</u>, subject to clause 6, below.

4. **Revenue Sources** – The Revenue Sources from sales and/or exploitations of Assets are as follows:

---

| | |
|:---|:---|
| A. | Type: |
|  | **<u>Master Income</u>** |
| B. | Share: |
|  | **<u>Producer's Share</u>** |

---

5. **Distributors –** The current Distributors, Labels, and/or PROs, as applicable, of Assets:

**<u>Sony Music - Sean Will be paid by Sony and will then pay Songvest</u>**

Sch. A-1

6. **Purchase Price and Royalty Interest** – The Purchase Price shall be equal to either (i) the "Minimum: set forth below; (ii) the "Maximum" set forth below; or (iii) a number in between the "Minimum" and "Maximum" set forth below:

● <u>Minimum</u>: $<u>1.00</u>, which shall entitle SongVest to <u>1</u> % Royalty Interest in the Royalties<sup>**(1)**</sup>

● <u>Maximum</u>: $<u>51,670.21</u>, which shall entitle SongVest to a <u>100</u> % Royalty Interest in the Royalties<sup>**(1)**</sup>

7. **Artist** – The musical group or recording artist whose performances are embodied in the Asset(s) are:

"Without You"- Mariah Carey

***(1)***  ***For any Purchase Price that falls between the Minimum or Maximum amounts set forth above, the Royalty Interest in the Royalties to which SongVest shall be entitled will be calculated by multiplying the Purchase Price by a fraction, for which the numerator shall be the Purchase Price, and the denominator shall be the Maximum amount set forth above.*** 

Sch. A-2

**SCHEDULE B: FEES AND EXPENSES**

SongVest intends to collect a fee equal to approximately 26% of the Purchase Price as compensation for its role in facilitating the Transaction.

The Purchase Price agreed to by the Seller herein is not reduced by the aforementioned fees. SongVest may elect to forego these fees at its sole discretion.

Sch. B-1

**EXHIBIT A**

________________

Sean Peace

Re: <u>Notice of Assignment of Income</u>

Gentlepersons:

Reference is made to the Royalty Option Agreement, effective as of the Effective Date (the 'Agreement') by and between Sean Peace, individually and on behalf of its affiliates (Collectively, the "Seller"), and RoyaltyTraders LLC, d/b/a Songvest (the "Purchaser"). Capitalized terms used herein which are not defined herein shall have the meanings ascribed thereto in the Agreement.

As evidenced by the Agreement, Purchaser has acquired from Seller, throughout the world, the exclusive right to receive and collect the applicable Royalty Interest (as defined in the Agreement and Schedule A) of Seller's share of royalties from the Performance Royalties (and other Assets) accrued and unpaid and hereafter accruing (the "Assigned Royalties"). Accordingly, from and after the applicable Closing Date(s), you are to remit to Purchaser all of the Assigned Royalties, regardless of when earned, to Purchaser, and send them along with any corresponding statements, notices and correspondence to:

RoyaltyTraders, LLC dba SongVest

Attn: Royalty Payments Dept.

1053 East Whitaker Road, Suite 115

Raleigh, NC 27604

Or electronically to <u>finance@songvest.com</u>

---

| |
|:---|
| Please confirm your receipt of this notice. |
| Very Truly Yours, |
| Sean Peace |

---

**EXHIBIT B**

Complete ISRC List

---

| | |
|:---|:---|
| **Title** | **ISRC** |
| WITHOUT YOU | USSM21501364 |
| WITHOUT YOU | USSM20600695 |
| WITHOUT YOU | USSM20403378 |
| WITHOUT YOU | USSM20402722 |
| WITHOUT YOU | USSM19804037 |
| WITHOUT YOU | USSM19303176 |
| WITHOUT YOU | USSM10014302 |

---

## Ex1A-6

**Exhibit 6.50**

**ROYALTY OPTION AGREEMENT**

This Royalty Option Agreement ("**Agreement**") is entered into as of February 19, 2026, by and between RoyaltyTraders LLC dba SongVest, a Delaware limited liability company ("**SongVest**") at 1053 East Whitaker Rd Suite 115, Raleigh, NC 27604, and Sean Peace of 3724 Congeniality Way Raleigh, NC 27613 ("**Seller**") and, collectively with SongVest, the "**Parties.**"

WHEREAS, Seller is granting to SongVest an exclusive option to enter into the Transaction (as defined below);

WHEREAS, subject to satisfaction of the Option Threshold (as defined below), Seller will sell to SongVest the right to receive Royalties deriving from the Portfolio during the Royalty Periods (as listed on Schedule A), and SongVest will issue proceed rights units (each, a "**Unit**," and collectively, the "Proceed Rights") to third-party investors via the SongVest platform;

WHEREAS, the Parties desire to memorialize their agreement regarding the Royalties to be directed and paid to SongVest in exchange for payment of the Purchase Price to Seller;

NOW, THEREFORE, in consideration of the mutual covenants herein, the Parties agree as follows:

**Certain Defined Terms**. For purposes of this Agreement, the following terms shall have the meanings set forth below:

"**Assets**" means the assets contained in the Portfolio (e.g., Sound Recordings, Compositions) as listed on Schedule A attached hereto and made a part hereof.

"**Artist(s)**" means those recording artists whose musical performances are embodied in the Assets contained in the Portfolio, if any, and as set forth on Schedule A.

"**Compositions**" means those musical compositions the titles of which are set forth on Schedule A, if any.

"**Distributor(s)**" means any third-party distributor, including a record label or online digital distribution company, that sells, markets, and/or distributes sound recordings embodying the Assets.

"**Fees and Expenses**" means the fees and expenses, including Anticipated Fees, incurred by SongVest for its time and effort to place the Proceed Rights into the Offering and market the Units and Proceed Rights to the general public. Fees and Expenses include, without limitation, legal and other regulator costs related to completing the Offering memorandum and closing. Anticipated Fees are outlined in Schedule B, though actual Fees and Expenses may differ.

"**Net Revenue**" means the Royalties generated from the Portfolio Assets less any service fee charged by the Distributor (or other third party) and current taxes payable during the current period as withheld by the Distributor (or other third party) for the sole purpose of remittal to an entity with taxing authority in the normal course of business.

"**Offering**" means the offering held by SongVest via the Site wherein investors are issued the Units and Proceed Rights.

"**Option Threshold**" means $1.00.

"**Percentage Interest**" means the percentage of Seller's revenue that is available for SongVest to receive from the Seller with respect to the Revenue Sources, up to a maximum of One-Hundred percent (100%), subject to clause 6 of Schedule A.

"**Portfolio**" means the portfolio of Assets as set forth on Schedule A.

"**PRO**" means Seller's public performance rights organization, if any.

"**Purchase Price**" means the purchase price for the Royalties by SongVest as set forth on Schedule A.

"**Sound Recordings**" means those sound recordings embodying the performances of Artist(s) and set forth on Schedule A, if any.

"**Revenue Sources**" means those sources of revenue earned and received by Seller and from which the Royalties are derived from the Assets, which may include, as set forth herein, streaming of the Sound Recordings, record sales, neighboring rights, licensing, or digital sales.

"**Royalty Period**" means, with respect to the Royalties, the period commencing with the initial payment of the Royalties to SongVest and ending on such date as set forth in Schedule A.

"**Royalties**" means the royalties payable to SongVest in connection with the Portfolio that derive from the Revenue Sources based on the Percentage Interest.

"**Royalty Interest**" means the percentage of the Royalties that SongVest is entitled to as set forth in Schedule A based on the Percentage Interest.

"**Seller Agreements**" means those agreements between Seller and third parties, including Artists and/or Distributors, wherein Seller is entitled to receive the Percentage Interest of all Assets.<br>

"**Streaming**" means the Net Revenue payable to Seller derived from the Portfolio (including all Assets) from Distributor, Artist, Publisher, and/or PRO, as applicable, from all digital streaming platforms (e.g., Spotify) and reported by any source (digital service providers, SoundExchange, Distributor or other companies collecting streaming income on the Portfolio).

"**Term**" means the term of this Agreement, which Term shall commence on the date of signature of this Agreement and continue until the earlier of (a) the date that is twelve (12) months following the Effective Date, if the Option Threshold has not been satisfied by such date; or (b) the date on which all Royalties payable with respect to all Royalty Interests sold and closed hereunder have been paid in full to SongVest. For the avoidance of doubt, upon satisfaction of the Option Threshold, SongVest's option to enter into the Transaction shall be deemed exercised, and the Term shall continue through the expiration of all applicable Royalty Periods with respect to Royalty Interests sold and closed, regardless of whether the Offering is completed or additional Royalty Interests are sold.

"**Videos**" means those audiovisual recordings of Sound Recordings and set forth on Schedule A, if any.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1. **Transaction/Offering.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller hereby grants to SongVest the exclusive right during the Term to conduct the Offering. SongVest may conduct the Offering in one or more closings, including on a rolling or quarterly basis, in SongVest's sole discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The Parties acknowledge and agree that the **Option Threshold shall be deemed satisfied upon the funding of at least One Dollar ($1.00)**. Upon satisfaction of the Option Threshold, SongVest's option shall be deemed exercised with respect to the Royalty Interests sold and closed from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The Offering may be closed in one or more closings (each, a "**Closing** "). At each Closing, Seller shall irrevocably assign, grant, and convey to SongVest the applicable pro rata Royalty Interest corresponding solely to the portion of the Purchase Price funded at such Closing, as further set forth on Schedule A. No Royalty Interest shall vest or accrue except with respect to amounts actually sold and closed. Royalties attributable to Royalty Interests sold at a given Closing shall accrue only from and after such Closing and shall not relate back to any prior period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Promptly following each Closing, and in any event within five (5) business days of such Closing, SongVest shall remit to Seller the Purchase Price (without any deduction or set-off) funded at such Closing, in accordance with the payment instructions provided to SongVest by Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **Royalties**. Seller agrees that, during the applicable Royalty Periods, all Royalties derived from the Portfolio Assets and applicable Revenue Sources shall be paid or directed to SongVest in accordance with this Agreement and Schedule A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. **Administration Election:** Seller shall administer Royalties in one of the following manners, as elected by Seller in writing (Seller hereby elects option (ii)(Seller Administration)):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. **Letters of Direction ("LODs").** Seller shall execute and maintain irrevocable letters of direction directing applicable distributors, publishers, administrators, PROs, and other revenue sources to remit directly to SongVest the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed; **or** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. **Seller Administration.** Seller shall continue to administer and collect all Royalties and shall remit to SongVest, on a quarterly basis (or such other period as set forth on Schedule A), the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed.

Unless and until the Parties mutually agree otherwise in writing, Seller may continue Seller Administration indefinitely, including following the completion of the Offering.

Notwithstanding anything herein to the contrary, Seller shall only be required to execute or maintain Letters of Direction to the extent Seller elects LOD-based administration pursuant to this Section or as otherwise required under the "Change in Ownership; Sale of Fund" section below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. **Third-Party Noncompliance:** Seller shall use commercially reasonable efforts to cause applicable third parties to comply with the elected administration method. In the event of any failure by a third party to remit Royalties as required, Seller shall remain responsible for remitting to SongVest the applicable Royalties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. **Audit and Reporting:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. If Seller elects Letters of Direction ("LODs") pursuant to the Administration Election above (or if LODs are required under the "Change in Ownership; Sale of Fund" section below), Seller shall execute and maintain irrevocable letters of direction ("LOD"), a copy of which is attached hereto as Exhibit A, directing Distributor, Artist, Publisher, PRO and/or other third party, as applicable, to account and pay to SongVest the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed for the entire Royalty Period at the same time and on the same terms as such party is required to account to Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. If Seller elects Seller Administration pursuant to the Administration Election above (or if Seller elects Letters of Direction ("LODs") pursuant to the Administration Election above (or if LODs are required under the "Change in Ownership; Sale of Fund" section below), and if Distributor, Artist, Publisher, PRO and/or other third party, as applicable, fails to account or pay Royalties to SongVest directly as required hereunder and instead pays such Royalties to Seller), Seller shall account to SongVest via a statement and pay all Royalties earned and received by Seller during such period no later than thirty (30) days after receipt by Seller of such Royalties. All payments shall be made to SongVest via wire transfer of immediately available funds pursuant to SongVest's written instructions for same. In the event Seller conducts an audit of any of Distributor's or Artist's (or other distributor's, publishers, PRO's or licenses) books and records regarding the sale of any Asset in the Portfolio at any time during the Term, Seller shall notify SongVest thereof and allow, to the extent Seller has the right to allow, SongVest to participate in such audit as it relates to sales of Portfolio. In the event Seller receives any proceeds or awards from any such audit or other claim relating to the Portfolio, Seller will immediately notify SongVest thereof and pay to SongVest its proportionate share of the proceeds (subject to a deduction therefrom of Seller's actual, verifiable costs in conducting such audit or claim). Upon SongVest's request therefor and subject to SongVest covering the costs thereof, Seller agrees, to the extent Seller has the right to do so, to conduct an audit of Distributor's or Artist's books and records related solely to accountings in connection with Royalties hereunder. In the event such audit reveals an underpayment of any monies due and payable in connection with Assets that were the subject of such audit, Seller shall ensure that such additional monies are collected and paid directly to SongVest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. At any time within two (2) years after any statement is rendered to SongVest hereunder, SongVest shall have the right to, upon thirty (30) days written notice, examine Seller's books and records with respect to such statement. Such examination shall be at SongVest's sole cost and expense, by a certified public accountant or other qualified representative designated by SongVest. Such examination shall be made during Seller's usual business hours at the place where Seller maintains the books and records which relate to the Portfolio and which are necessary to verify the accuracy of the statement. Seller shall have no obligation to produce such books and records more than once with respect to each statement rendered to SongVest. Unless notice shall have been given to Seller as provided hereinabove, each royalty statement rendered to SongVest shall be final, conclusive and binding on SongVest and shall constitute an account stated. SongVest shall be foreclosed from maintaining any action, claim or proceeding against Seller in any forum or tribunal with respect to any statement or accounting rendered hereunder unless such action, claim or proceeding is commenced against Seller in a court of competent jurisdiction within eighteen (18) months after the date such statement or accounting is rendered. All audit, accounting, reporting, payment timing, and interest provisions shall apply on a pro rata basis solely with respect to Royalty Interests sold and closed from time to time pursuant to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. At any time within two (2) years after any payment is rendered
to Seller by SongVest hereunder, Seller shall have the right, upon thirty (30) days' written notice, to examine SongVest's
books and records solely to the extent reasonably necessary to verify the calculation and accuracy of such payment to Seller under this
Agreement. Such examination shall be limited to records directly related to the determination of the amount payable to Seller hereunder
and shall expressly exclude any records relating to (i) investor subscriptions, allocations, or distributions, (ii) the Offering or any
securities-related matters, or (iii) any systems, records, escrow accounts, or processes maintained by North Capital or any other third-party
service provider acting in a securities, escrow, or administrative capacity in connection with the Offering. Any such examination shall
be conducted at Seller's sole cost and expense, during SongVest's usual business hours, and no more than once with respect
to any payment. Unless notice is given as provided herein, each payment shall be final, conclusive, and binding upon Seller and shall
constitute an account stated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **Seller's Representations, Warranties and Covenants**. The Seller hereby represents, warrants and covenants to SongVest that as of the date hereof:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller: (i) owns and/or has the irrevocable, exclusive right to receive the Royalties free and clear of any mortgage, pledge, lien, charge, security interest, encumbrance, restriction or adverse claim of any nature whatsoever (collectively, "Liens"), other than any tax obligation that Seller must satisfy in connection with the purchase and sale of the Royalties hereunder, (ii) is not aware of any Liens being asserted against the Royalties, (iii) has not consented to the imposition of any Liens on the Royalties and (iv) has not sold, assigned, transferred or otherwise encumbered any of Seller's rights in the Royalties to any person or entity other than SongVest;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Seller is competent to enter into (and understands the terms of) this Agreement and has been represented by tax and accounting advisors and legal counsel in the negotiation and execution of this Agreement, or knowingly waived Seller's right to do so;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Seller intends to (and shall) fully and timely satisfy all tax obligations of Seller flowing from this Agreement from the proceeds Seller receives from SongVest hereunder; In the event Seller fails to satisfy tax obligations flowing from this Agreement, SongVest will not be subject to liability on behalf of Seller;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Seller shall indemnify, defend and hold harmless SongVest, its agents, attorneys, employees, officers, directors, successors and assigns (collectively, the Indemnified Parties") from and against all claims, losses, damages, penalties, judgments, lawsuits and all related costs and expenses of any nature (including legal fees and costs) (collectively, "Costs") which may be incurred by or asserted against any of the Indemnified Parties arising out of, related to, or in connection with any breach or alleged breach by Seller of Seller's obligations, agreements, covenants, representations and/or warranties in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Seller has all necessary right, power, legal capacity and authority, and all necessary actions on the part of Seller (including action required to be taken by Seller's officers, directors, shareholders, trustees, executors or representatives) have been duly and validly taken to authorize Seller: (i) to own the Royalties; (ii) to sell, assign and transfer the Royalties as provided herein; (iii) to effectuate the execution and delivery of this Agreement; (iv) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (v) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. No approvals or consents of any persons or entities other than Seller are necessary in connection therewith, including, without limitation, any approval or consent by the Artists, Distributor, any co-writers or owners of the Assets, and/or any third-party publishers or PRO's, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. As of the date of execution of this Agreement, Seller has no outstanding, unrecouped, and/or unearned advances in respect of or affecting the Royalties and, at no time during the Term will Seller enter into any agreement affecting the payment of Royalties hereunder, including, without limitation, any agreement whereby Seller receives any advance or other monies that are recoupable from (or otherwise reduce) Royalties payable hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. All federal, state and local taxes accrued or owing by Seller to and including the date of execution of this Agreement arising out of or in connection with the Royalties, including without limitation any sales or transfer taxes resulting from the transaction contemplated herein, if any, have been or will be paid or caused to be paid by Seller. The Royalties are free and clear of any and all liens, charges, mortgages, pledges, claims, encumbrances, obligations or liabilities of any kind or nature whatsoever whether accrued, absolute, contingent or otherwise, which would negatively affect the transfer to SongVest of the right to receive the Royalties hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Throughout the Term, Seller shall not take any voluntary action intended to materially impair, delay, or reduce the Royalties payable to SongVest pursuant to this Agreement. The foregoing restriction shall not apply to any of Sellers's distributors, Publishers, or PROs, provided Seller shall provide written notice to SongVest of any sale by the foregoing promptly upon receiving notice from such third parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Seller will not grant any rights or incur any obligations that are inconsistent with the rights granted herein or Seller's obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. Seller will maintain the power, right and authority to perform its obligations hereunder at all times during the Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k. Each Seller Agreement is: (i) in full force and effect as of the date hereof, and shall remain in effect throughout the entire Term and (ii) a valid and binding agreement between Seller and the applicable third party (e.g., Artist) wherein Seller is irrevocably entitled to receive and retain all Royalties with respect to the Assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l. At no time during the Term shall Seller terminate, rescind, revoke or attempt to terminate, rescind or revoke such Seller Agreement or any LOD without the prior written approval of SongVest.

SongVest hereby represents, warrants and covenants to the Seller that as of the date hereof SongVest has all necessary right, power, legal capacity and authority to (i) sell, market (directly or indirectly) advertise or promote securities as that term is understood by the U.S. Securities and Exchange Commission (SEC) including any related to the Portfolio, (ii) to effectuate the execution and delivery of this Agreement; (iii) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (iv) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. This Agreement is legal, valid, and binding upon SongVest and is enforceable in accordance with its terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. **Distribution**. Seller shall notify SongVest of any change in distributor, administrator, publisher, or other revenue source and shall cooperate fully to ensure uninterrupted payment of Royalties to SongVest, including execution of replacement LODs if required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **Change in Ownership; Sale of Portfolio.** In the event Seller sells, transfers, assigns, or otherwise disposes of the Portfolio, any of the Assets, or any interest therein, or if there is any change of ownership or control of Seller (each, a "Change of Control Transaction"), Seller shall, and shall cause any acquiring or successor owner to, promptly take all actions necessary to ensure SongVest continues to receive its applicable share of Royalties without interruption or diminution.

Without limiting the foregoing, Seller shall ensure that all required assignments, notices, letters of direction, payee change forms, and other documentation are executed and delivered directly to all applicable distributors, publishers, administrators, collection societies, digital service providers, and other revenue sources to provide for SongVest to be paid directly, or through a mutually agreed payment mechanism, its applicable pro rata share of Royalties. Any acquiring or successor owner shall automatically assume responsibility for the ongoing administration of the Assets and shall remit to SongVest all Royalties due pursuant to this Agreement **without any deduction, offset, recoupment, or administration fee of any kind**. Seller acknowledges that injunctive relief and specific performance may be appropriate remedies for any breach of this Section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. **Successors & Assigns**. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, permitted assigns, heirs, executors and administrators. Either party may assign this Agreement or any of its rights or obligations hereunder to a third party which agrees to assume the assigning party's obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. **Notices**. All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been given (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); or (c) on the third (3<sup>rd</sup>) day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications must be sent 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 6**):

---

| | |
|:---|:---|
| If to Seller: | Sean Peace |
|  | 3724 Congeniality Way |
|  | Raleigh, NC 27613 |
| If to SongVest: | RoyaltyTraders, LLC dba SongVest<br> 1053 East Whitaker Mill Road, Suite 115<br> Raleigh, NC 27604 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. **Choice of Law**. This Agreement shall be governed by and construed in accordance with the laws of the State of Tennessee, USA (without regard to its conflicts of law doctrines) as if this Agreement were entered into and wholly to be performed therein. All actions arising out of or relating to this Agreement shall be brought in the State or Federal courts in Davidson County, Tennessee, and the parties hereby submit to the jurisdiction of such courts. If any legal action or other proceeding is brought for the enforcement of this Agreement or as a result of a breach, default or misrepresentation in connection with any of the provisions of this Agreement, the successful or prevailing party shall be entitled to recover reasonable attorneys' fees and other costs insured in such action or proceeding in addition to any other relief to which such party may be entitled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. **Entire Agreement; Modifications; Headings**. This Agreement, together with the Closing Documents, constitute the entire understanding between the Parties with respect to the transactions contemplated herein and supersede all other agreements and understandings between the Parties; provided, however, that in the event of any conflict, the terms of this Agreement shall prevail. No modification of this Agreement shall be valid unless in writing and signed by both Parties. The titles and headings of the various articles and sections in this Agreement are intended solely for convenience of reference and are not intended for any other purpose whatsoever or to explain, modify, or place any construction on any of the provisions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. **No Third-Party Beneficiary.** The Parties acknowledge and agree that each Investor is an intended third-party beneficiary solely with respect to the economic right to receive Royalties under this Agreement. Notwithstanding the foregoing, each Investor has irrevocably and exclusively delegated all rights to enforce this Agreement to SongVest Pursuant to the terms under which each Investor subscribes through the SongVest platform. The existence of third-party beneficiary status shall not expand the duties, liabilities, or remedies of Seller or Songvest beyond those expressly set forth herein, and all limitation of liabilities, waivers, and restrictions contained in this Agreement shall apply equally to any claim asserted for the benefit of Investors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. **Limitation of Liability.** To the maximum extent permitted by applicable law, neither SongVest nor the Seller shall by liable to the other for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, loss of revenue, loss of data, or loss of business opportunity, arising out of or relating to this Agreement, whether based on contract, tort (including negligence), strict liability, or any other legal theory, even if such party has been advised of the possibility of such damages. In no event shall SongVest's or the Seller's aggregate liability arising out of or related to this Agreement exceed the greater of (i) the Purchase Price, or (ii) the Royalties paid or payable under this Agreement in the twelve (12) month period immediately preceding the event giving rise to the claim. This limitation of liability shall not apply to SongVest's or the Seller's gross negligence or willful misconduct. For the avoidance of doubt, all limitations of liability and waivers set forth in this Agreement apply to any claims asserted for the benefit of Investors, whether directly or indirectly.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. **Counterparts; Facsimile Signatures**. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same instrument. A signed copy of this Agreement delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement.

[Signatures to be provided on following page]

IN WITNESS WHEREOF, the Parties have executed this Agreement under seal (each Party adopting the word "SEAL" as its true and lawful seal) as of the date first set forth above.

---

| | |
|:---|:---|
| **SongVest:** | **SongVest:** |
| RoyaltyTraders LLC dba SongVest | RoyaltyTraders LLC dba SongVest |
| By: | (SEAL) |
| Name: | Alex Guiva |
| Title: | Partner |

---

---

| | |
|:---|:---|
| **Seller:** | **Seller:** |
| Sean Peace | Sean Peace |
| By: | (SEAL) |
| Name: | Sean Peace |

---

**SCHEDULE A**

**PORTFOLIO/REVENUE SOURCES/PERCENTAGE INTERESTS**

1. **Royalty Period –** With respect to each Asset, commencing on <u>the date of the closing of the Offering</u> and ending upon <u>the expiration of copyright</u> in such Asset.

2. **Assets** – The following are the type(s) of Assets contained in the Portfolio:

---

| | | |
|:---|:---|:---|
| **TITLE** | **ISRC** | **SELLER'S % INTEREST** |
| "Hero" | See attached Exhibit B | 100% |

---

3. **Percentage Interests** – The Percentage Interest in Seller's Revenue Sources is a maximum of One-Hundred <u>Percent (100%)</u>, subject to clause 6, below.

4. **Revenue Sources** – The Revenue Sources from sales and/or exploitations of Assets are as follows:

---

| | |
|:---|:---|
| A. | Type: |
|  | **<u>Master Income</u>** |
| B. | Share: |
|  | **<u>Producer's Share</u>** |

---

5. **Distributors –** The current Distributors, Labels, and/or PROs, as applicable, of Assets:

**<u>Sony Music - Sean Will be paid by Sony and will then pay Songvest</u>**

Sch. A-1

6. **Purchase Price and Royalty Interest** – The Purchase Price shall be equal to either (i) the "Minimum: set forth below; (ii) the "Maximum" set forth below; or (iii) a number in between the "Minimum" and "Maximum" set forth below:

● <u>Minimum</u>: $<u>1.00</u>, which shall entitle SongVest to <u>1</u> % Royalty Interest in the Royalties<sup>**(1)**</sup>

● <u>Maximum</u>: $<u>47,240.35</u>, which shall entitle SongVest to a <u>100</u> % Royalty Interest in the Royalties<sup>**(1)**</sup>

7. **Artist** – The musical group or recording artist whose performances are embodied in the Asset(s) are:

"Hero"- Mariah Carey

***(1)***  ***For any Purchase Price that falls between the Minimum or Maximum amounts set forth above, the Royalty Interest in the Royalties to which SongVest shall be entitled will be calculated by multiplying the Purchase Price by a fraction, for which the numerator shall be the Purchase Price, and the denominator shall be the Maximum amount set forth above.*** 

Sch. A-2

**SCHEDULE B: FEES AND EXPENSES**

SongVest intends to collect a fee equal to approximately 26% of the Purchase Price as compensation for its role in facilitating the Transaction.

The Purchase Price agreed to by the Seller herein is not reduced by the aforementioned fees. SongVest may elect to forego these fees at its sole discretion.

Sch. B-1

**EXHIBIT A**

________________

Sean Peace

Re: <u>Notice of Assignment of Income</u>

Gentlepersons:

Reference is made to the Royalty Option Agreement, effective as of the Effective Date (the 'Agreement') by and between Sean Peace, individually and on behalf of its affiliates (Collectively, the "Seller"), and RoyaltyTraders LLC, d/b/a Songvest (the "Purchaser"). Capitalized terms used herein which are not defined herein shall have the meanings ascribed thereto in the Agreement.

As evidenced by the Agreement, Purchaser has acquired from Seller, throughout the world, the exclusive right to receive and collect the applicable Royalty Interest (as defined in the Agreement and Schedule A) of Seller's share of royalties from the Performance Royalties (and other Assets) accrued and unpaid and hereafter accruing (the "Assigned Royalties"). Accordingly, from and after the applicable Closing Date(s), you are to remit to Purchaser all of the Assigned Royalties, regardless of when earned, to Purchaser, and send them along with any corresponding statements, notices and correspondence to:

RoyaltyTraders, LLC dba SongVest

Attn: Royalty Payments Dept.

1053 East Whitaker Road, Suite 115

Raleigh, NC 27604

Or electronically to <u>finance@songvest.com</u>

---

| |
|:---|
| Please confirm your receipt of this notice. |
| Very Truly Yours, |
| Sean Peace |

---

**EXHIBIT B**

Complete ISRC List

---

| | |
|:---|:---|
| **Title** | **ISRC** |
| HERO | USSM22000223 |
| HERO | USSM20700830 |
| HERO | USSM20700814 |
| HERO | USSM20600693 |
| HERO | USSM20403381 |
| HERO | USSM20100734 |
| HERO | USSM19931984 |
| HERO | USSM19922729 |
| HERO | USSM19805989 |
| HERO | USSM19599001 |
| HERO | USSM19503823 |
| HERO | USSM19304119 |
| HERO | USSM19303171 |
| HERO | USSM19300121 |
| HERO | USSM12405539 |
| HERO | USSM10604611 |
| HERO | USQX92205099 |
| HERO | USSM19303040 |

---

## Ex1A-6

**Exhibit 6.51**

**ROYALTY OPTION AGREEMENT**

This Royalty Option Agreement ("**Agreement**") is entered into as of February 19, 2026, by and between RoyaltyTraders LLC dba SongVest, a Delaware limited liability company ("**SongVest**") at 1053 East Whitaker Rd Suite 115, Raleigh, NC 27604, and Sean Peace of 3724 Congeniality Way Raleigh, NC 27613 ("**Seller**") and, collectively with SongVest, the "**Parties.**"

WHEREAS, Seller is granting to SongVest an exclusive option to enter into the Transaction (as defined below);

WHEREAS, subject to satisfaction of the Option Threshold (as defined below), Seller will sell to SongVest the right to receive Royalties deriving from the Portfolio during the Royalty Periods (as listed on Schedule A), and SongVest will issue proceed rights units (each, a "**Unit**," and collectively, the "Proceed Rights") to third-party investors via the SongVest platform;

WHEREAS, the Parties desire to memorialize their agreement regarding the Royalties to be directed and paid to SongVest in exchange for payment of the Purchase Price to Seller;

NOW, THEREFORE, in consideration of the mutual covenants herein, the Parties agree as follows:

**Certain Defined Terms**. For purposes of this Agreement, the following terms shall have the meanings set forth below:

"**Assets**" means the assets contained in the Portfolio (e.g., Sound Recordings, Compositions) as listed on Schedule A attached hereto and made a part hereof.

"**Artist(s)**" means those recording artists whose musical performances are embodied in the Assets contained in the Portfolio, if any, and as set forth on Schedule A.

"**Compositions**" means those musical compositions the titles of which are set forth on Schedule A, if any.

"**Distributor(s)**" means any third-party distributor, including a record label or online digital distribution company, that sells, markets, and/or distributes sound recordings embodying the Assets.

"**Fees and Expenses**" means the fees and expenses, including Anticipated Fees, incurred by SongVest for its time and effort to place the Proceed Rights into the Offering and market the Units and Proceed Rights to the general public. Fees and Expenses include, without limitation, legal and other regulator costs related to completing the Offering memorandum and closing. Anticipated Fees are outlined in Schedule B, though actual Fees and Expenses may differ.

"**Net Revenue**" means the Royalties generated from the Portfolio Assets less any service fee charged by the Distributor (or other third party) and current taxes payable during the current period as withheld by the Distributor (or other third party) for the sole purpose of remittal to an entity with taxing authority in the normal course of business.

"**Offering**" means the offering held by SongVest via the Site wherein investors are issued the Units and Proceed Rights.

"**Option Threshold**" means $1.00.

"**Percentage Interest**" means the percentage of Seller's revenue that is available for SongVest to receive from the Seller with respect to the Revenue Sources, up to a maximum of One-Hundred percent (100%), subject to clause 6 of Schedule A.

"**Portfolio**" means the portfolio of Assets as set forth on Schedule A.

"**PRO**" means Seller's public performance rights organization, if any.

"**Purchase Price**" means the purchase price for the Royalties by SongVest as set forth on Schedule A.

"**Sound Recordings**" means those sound recordings embodying the performances of Artist(s) and set forth on Schedule A, if any.

"**Revenue Sources**" means those sources of revenue earned and received by Seller and from which the Royalties are derived from the Assets, which may include, as set forth herein, streaming of the Sound Recordings, record sales, neighboring rights, licensing, or digital sales.

"**Royalty Period**" means, with respect to the Royalties, the period commencing with the initial payment of the Royalties to SongVest and ending on such date as set forth in Schedule A.

"**Royalties**" means the royalties payable to SongVest in connection with the Portfolio that derive from the Revenue Sources based on the Percentage Interest.

"**Royalty Interest**" means the percentage of the Royalties that SongVest is entitled to as set forth in Schedule A based on the Percentage Interest.

"**Seller Agreements**" means those agreements between Seller and third parties, including Artists and/or Distributors, wherein Seller is entitled to receive the Percentage Interest of all Assets.<br>

"**Streaming**" means the Net Revenue payable to Seller derived from the Portfolio (including all Assets) from Distributor, Artist, Publisher, and/or PRO, as applicable, from all digital streaming platforms (e.g., Spotify) and reported by any source (digital service providers, SoundExchange, Distributor or other companies collecting streaming income on the Portfolio).

"**Term**" means the term of this Agreement, which Term shall commence on the date of signature of this Agreement and continue until the earlier of (a) the date that is twelve (12) months following the Effective Date, if the Option Threshold has not been satisfied by such date; or (b) the date on which all Royalties payable with respect to all Royalty Interests sold and closed hereunder have been paid in full to SongVest. For the avoidance of doubt, upon satisfaction of the Option Threshold, SongVest's option to enter into the Transaction shall be deemed exercised, and the Term shall continue through the expiration of all applicable Royalty Periods with respect to Royalty Interests sold and closed, regardless of whether the Offering is completed or additional Royalty Interests are sold.

"**Videos**" means those audiovisual recordings of Sound Recordings and set forth on Schedule A, if any.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1. **Transaction/Offering.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller hereby grants to SongVest the exclusive right during the Term to conduct the Offering. SongVest may conduct the Offering in one or more closings, including on a rolling or quarterly basis, in SongVest's sole discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The Parties acknowledge and agree that the **Option Threshold shall be deemed satisfied upon the funding of at least One Dollar ($1.00)**. Upon satisfaction of the Option Threshold, SongVest's option shall be deemed exercised with respect to the Royalty Interests sold and closed from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The Offering may be closed in one or more closings (each, a "**Closing** "). At each Closing, Seller shall irrevocably assign, grant, and convey to SongVest the applicable pro rata Royalty Interest corresponding solely to the portion of the Purchase Price funded at such Closing, as further set forth on Schedule A. No Royalty Interest shall vest or accrue except with respect to amounts actually sold and closed. Royalties attributable to Royalty Interests sold at a given Closing shall accrue only from and after such Closing and shall not relate back to any prior period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Promptly following each Closing, and in any event within five (5) business days of such Closing, SongVest shall remit to Seller the Purchase Price (without any deduction or set-off) funded at such Closing, in accordance with the payment instructions provided to SongVest by Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **Royalties**. Seller agrees that, during the applicable Royalty Periods, all Royalties derived from the Portfolio Assets and applicable Revenue Sources shall be paid or directed to SongVest in accordance with this Agreement and Schedule A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. **Administration Election:** Seller shall administer Royalties in one of the following manners, as elected by Seller in writing (Seller hereby elects option (ii)(Seller Administration)):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. **Letters of Direction ("LODs").** Seller shall execute and maintain irrevocable letters of direction directing applicable distributors, publishers, administrators, PROs, and other revenue sources to remit directly to SongVest the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed; **or** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. **Seller Administration.** Seller shall continue to administer and collect all Royalties and shall remit to SongVest, on a quarterly basis (or such other period as set forth on Schedule A), the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed.

Unless and until the Parties mutually agree otherwise in writing, Seller may continue Seller Administration indefinitely, including following the completion of the Offering.

Notwithstanding anything herein to the contrary, Seller shall only be required to execute or maintain Letters of Direction to the extent Seller elects LOD-based administration pursuant to this Section or as otherwise required under the "Change in Ownership; Sale of Fund" section below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. **Third-Party Noncompliance:** Seller shall use commercially reasonable efforts to cause applicable third parties to comply with the elected administration method. In the event of any failure by a third party to remit Royalties as required, Seller shall remain responsible for remitting to SongVest the applicable Royalties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. **Audit and Reporting:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. If Seller elects Letters of Direction ("LODs") pursuant to the Administration Election above (or if LODs are required under the "Change in Ownership; Sale of Fund" section below), Seller shall execute and maintain irrevocable letters of direction ("LOD"), a copy of which is attached hereto as Exhibit A, directing Distributor, Artist, Publisher, PRO and/or other third party, as applicable, to account and pay to SongVest the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed for the entire Royalty Period at the same time and on the same terms as such party is required to account to Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. If Seller elects Seller Administration pursuant to the Administration Election above (or if Seller elects Letters of Direction ("LODs") pursuant to the Administration Election above (or if LODs are required under the "Change in Ownership; Sale of Fund" section below), and if Distributor, Artist, Publisher, PRO and/or other third party, as applicable, fails to account or pay Royalties to SongVest directly as required hereunder and instead pays such Royalties to Seller), Seller shall account to SongVest via a statement and pay all Royalties earned and received by Seller during such period no later than thirty (30) days after receipt by Seller of such Royalties. All payments shall be made to SongVest via wire transfer of immediately available funds pursuant to SongVest's written instructions for same. In the event Seller conducts an audit of any of Distributor's or Artist's (or other distributor's, publishers, PRO's or licenses) books and records regarding the sale of any Asset in the Portfolio at any time during the Term, Seller shall notify SongVest thereof and allow, to the extent Seller has the right to allow, SongVest to participate in such audit as it relates to sales of Portfolio. In the event Seller receives any proceeds or awards from any such audit or other claim relating to the Portfolio, Seller will immediately notify SongVest thereof and pay to SongVest its proportionate share of the proceeds (subject to a deduction therefrom of Seller's actual, verifiable costs in conducting such audit or claim). Upon SongVest's request therefor and subject to SongVest covering the costs thereof, Seller agrees, to the extent Seller has the right to do so, to conduct an audit of Distributor's or Artist's books and records related solely to accountings in connection with Royalties hereunder. In the event such audit reveals an underpayment of any monies due and payable in connection with Assets that were the subject of such audit, Seller shall ensure that such additional monies are collected and paid directly to SongVest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. At any time within two (2) years after any statement is rendered to SongVest hereunder, SongVest shall have the right to, upon thirty (30) days written notice, examine Seller's books and records with respect to such statement. Such examination shall be at SongVest's sole cost and expense, by a certified public accountant or other qualified representative designated by SongVest. Such examination shall be made during Seller's usual business hours at the place where Seller maintains the books and records which relate to the Portfolio and which are necessary to verify the accuracy of the statement. Seller shall have no obligation to produce such books and records more than once with respect to each statement rendered to SongVest. Unless notice shall have been given to Seller as provided hereinabove, each royalty statement rendered to SongVest shall be final, conclusive and binding on SongVest and shall constitute an account stated. SongVest shall be foreclosed from maintaining any action, claim or proceeding against Seller in any forum or tribunal with respect to any statement or accounting rendered hereunder unless such action, claim or proceeding is commenced against Seller in a court of competent jurisdiction within eighteen (18) months after the date such statement or accounting is rendered. All audit, accounting, reporting, payment timing, and interest provisions shall apply on a pro rata basis solely with respect to Royalty Interests sold and closed from time to time pursuant to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. At any time within two (2) years after any payment is rendered
to Seller by SongVest hereunder, Seller shall have the right, upon thirty (30) days' written notice, to examine SongVest's
books and records solely to the extent reasonably necessary to verify the calculation and accuracy of such payment to Seller under this
Agreement. Such examination shall be limited to records directly related to the determination of the amount payable to Seller hereunder
and shall expressly exclude any records relating to (i) investor subscriptions, allocations, or distributions, (ii) the Offering or any
securities-related matters, or (iii) any systems, records, escrow accounts, or processes maintained by North Capital or any other third-party
service provider acting in a securities, escrow, or administrative capacity in connection with the Offering. Any such examination shall
be conducted at Seller's sole cost and expense, during SongVest's usual business hours, and no more than once with respect
to any payment. Unless notice is given as provided herein, each payment shall be final, conclusive, and binding upon Seller and shall
constitute an account stated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **Seller's Representations, Warranties and Covenants**. The Seller hereby represents, warrants and covenants to SongVest that as of the date hereof:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller: (i) owns and/or has the irrevocable, exclusive right to receive the Royalties free and clear of any mortgage, pledge, lien, charge, security interest, encumbrance, restriction or adverse claim of any nature whatsoever (collectively, "Liens"), other than any tax obligation that Seller must satisfy in connection with the purchase and sale of the Royalties hereunder, (ii) is not aware of any Liens being asserted against the Royalties, (iii) has not consented to the imposition of any Liens on the Royalties and (iv) has not sold, assigned, transferred or otherwise encumbered any of Seller's rights in the Royalties to any person or entity other than SongVest;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Seller is competent to enter into (and understands the terms of) this Agreement and has been represented by tax and accounting advisors and legal counsel in the negotiation and execution of this Agreement, or knowingly waived Seller's right to do so;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Seller intends to (and shall) fully and timely satisfy all tax obligations of Seller flowing from this Agreement from the proceeds Seller receives from SongVest hereunder; In the event Seller fails to satisfy tax obligations flowing from this Agreement, SongVest will not be subject to liability on behalf of Seller;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Seller shall indemnify, defend and hold harmless SongVest, its agents, attorneys, employees, officers, directors, successors and assigns (collectively, the Indemnified Parties") from and against all claims, losses, damages, penalties, judgments, lawsuits and all related costs and expenses of any nature (including legal fees and costs) (collectively, "Costs") which may be incurred by or asserted against any of the Indemnified Parties arising out of, related to, or in connection with any breach or alleged breach by Seller of Seller's obligations, agreements, covenants, representations and/or warranties in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Seller has all necessary right, power, legal capacity and authority, and all necessary actions on the part of Seller (including action required to be taken by Seller's officers, directors, shareholders, trustees, executors or representatives) have been duly and validly taken to authorize Seller: (i) to own the Royalties; (ii) to sell, assign and transfer the Royalties as provided herein; (iii) to effectuate the execution and delivery of this Agreement; (iv) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (v) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. No approvals or consents of any persons or entities other than Seller are necessary in connection therewith, including, without limitation, any approval or consent by the Artists, Distributor, any co-writers or owners of the Assets, and/or any third-party publishers or PRO's, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. As of the date of execution of this Agreement, Seller has no outstanding, unrecouped, and/or unearned advances in respect of or affecting the Royalties and, at no time during the Term will Seller enter into any agreement affecting the payment of Royalties hereunder, including, without limitation, any agreement whereby Seller receives any advance or other monies that are recoupable from (or otherwise reduce) Royalties payable hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. All federal, state and local taxes accrued or owing by Seller to and including the date of execution of this Agreement arising out of or in connection with the Royalties, including without limitation any sales or transfer taxes resulting from the transaction contemplated herein, if any, have been or will be paid or caused to be paid by Seller. The Royalties are free and clear of any and all liens, charges, mortgages, pledges, claims, encumbrances, obligations or liabilities of any kind or nature whatsoever whether accrued, absolute, contingent or otherwise, which would negatively affect the transfer to SongVest of the right to receive the Royalties hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Throughout the Term, Seller shall not take any voluntary action intended to materially impair, delay, or reduce the Royalties payable to SongVest pursuant to this Agreement. The foregoing restriction shall not apply to any of Sellers's distributors, Publishers, or PROs, provided Seller shall provide written notice to SongVest of any sale by the foregoing promptly upon receiving notice from such third parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Seller will not grant any rights or incur any obligations that are inconsistent with the rights granted herein or Seller's obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. Seller will maintain the power, right and authority to perform its obligations hereunder at all times during the Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k. Each Seller Agreement is: (i) in full force and effect as of the date hereof, and shall remain in effect throughout the entire Term and (ii) a valid and binding agreement between Seller and the applicable third party (e.g., Artist) wherein Seller is irrevocably entitled to receive and retain all Royalties with respect to the Assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l. At no time during the Term shall Seller terminate, rescind, revoke or attempt to terminate, rescind or revoke such Seller Agreement or any LOD without the prior written approval of SongVest.

SongVest hereby represents, warrants and covenants to the Seller that as of the date hereof SongVest has all necessary right, power, legal capacity and authority to (i) sell, market (directly or indirectly) advertise or promote securities as that term is understood by the U.S. Securities and Exchange Commission (SEC) including any related to the Portfolio, (ii) to effectuate the execution and delivery of this Agreement; (iii) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (iv) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. This Agreement is legal, valid, and binding upon SongVest and is enforceable in accordance with its terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. **Distribution**. Seller shall notify SongVest of any change in distributor, administrator, publisher, or other revenue source and shall cooperate fully to ensure uninterrupted payment of Royalties to SongVest, including execution of replacement LODs if required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **Change in Ownership; Sale of Portfolio.** In the event Seller sells, transfers, assigns, or otherwise disposes of the Portfolio, any of the Assets, or any interest therein, or if there is any change of ownership or control of Seller (each, a "Change of Control Transaction"), Seller shall, and shall cause any acquiring or successor owner to, promptly take all actions necessary to ensure SongVest continues to receive its applicable share of Royalties without interruption or diminution.

Without limiting the foregoing, Seller shall ensure that all required assignments, notices, letters of direction, payee change forms, and other documentation are executed and delivered directly to all applicable distributors, publishers, administrators, collection societies, digital service providers, and other revenue sources to provide for SongVest to be paid directly, or through a mutually agreed payment mechanism, its applicable pro rata share of Royalties. Any acquiring or successor owner shall automatically assume responsibility for the ongoing administration of the Assets and shall remit to SongVest all Royalties due pursuant to this Agreement **without any deduction, offset, recoupment, or administration fee of any kind**. Seller acknowledges that injunctive relief and specific performance may be appropriate remedies for any breach of this Section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. **Successors & Assigns**. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, permitted assigns, heirs, executors and administrators. Either party may assign this Agreement or any of its rights or obligations hereunder to a third party which agrees to assume the assigning party's obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. **Notices**. All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been given (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); or (c) on the third (3<sup>rd</sup>) day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications must be sent 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 6**):

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| | |
|:---|:---|
| If to Seller: | Sean Peace |
|  | 3724 Congeniality Way |
|  | Raleigh, NC 27613 |
| If to SongVest: | RoyaltyTraders, LLC dba SongVest<br> 1053 East Whitaker Mill Road, Suite 115<br> Raleigh, NC 27604 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. **Choice of Law**. This Agreement shall be governed by and construed in accordance with the laws of the State of Tennessee, USA (without regard to its conflicts of law doctrines) as if this Agreement were entered into and wholly to be performed therein. All actions arising out of or relating to this Agreement shall be brought in the State or Federal courts in Davidson County, Tennessee, and the parties hereby submit to the jurisdiction of such courts. If any legal action or other proceeding is brought for the enforcement of this Agreement or as a result of a breach, default or misrepresentation in connection with any of the provisions of this Agreement, the successful or prevailing party shall be entitled to recover reasonable attorneys' fees and other costs insured in such action or proceeding in addition to any other relief to which such party may be entitled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. **Entire Agreement; Modifications; Headings**. This Agreement, together with the Closing Documents, constitute the entire understanding between the Parties with respect to the transactions contemplated herein and supersede all other agreements and understandings between the Parties; provided, however, that in the event of any conflict, the terms of this Agreement shall prevail. No modification of this Agreement shall be valid unless in writing and signed by both Parties. The titles and headings of the various articles and sections in this Agreement are intended solely for convenience of reference and are not intended for any other purpose whatsoever or to explain, modify, or place any construction on any of the provisions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. **No Third-Party Beneficiary.** The Parties acknowledge and agree that each Investor is an intended third-party beneficiary solely with respect to the economic right to receive Royalties under this Agreement. Notwithstanding the foregoing, each Investor has irrevocably and exclusively delegated all rights to enforce this Agreement to SongVest Pursuant to the terms under which each Investor subscribes through the SongVest platform. The existence of third-party beneficiary status shall not expand the duties, liabilities, or remedies of Seller or Songvest beyond those expressly set forth herein, and all limitation of liabilities, waivers, and restrictions contained in this Agreement shall apply equally to any claim asserted for the benefit of Investors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. **Limitation of Liability.** To the maximum extent permitted by applicable law, neither SongVest nor the Seller shall by liable to the other for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, loss of revenue, loss of data, or loss of business opportunity, arising out of or relating to this Agreement, whether based on contract, tort (including negligence), strict liability, or any other legal theory, even if such party has been advised of the possibility of such damages. In no event shall SongVest's or the Seller's aggregate liability arising out of or related to this Agreement exceed the greater of (i) the Purchase Price, or (ii) the Royalties paid or payable under this Agreement in the twelve (12) month period immediately preceding the event giving rise to the claim. This limitation of liability shall not apply to SongVest's or the Seller's gross negligence or willful misconduct. For the avoidance of doubt, all limitations of liability and waivers set forth in this Agreement apply to any claims asserted for the benefit of Investors, whether directly or indirectly.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. **Counterparts; Facsimile Signatures**. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same instrument. A signed copy of this Agreement delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement.

[Signatures to be provided on following page]

IN WITNESS WHEREOF, the Parties have executed this Agreement under seal (each Party adopting the word "SEAL" as its true and lawful seal) as of the date first set forth above.

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| | |
|:---|:---|
| **SongVest:** | **SongVest:** |
| RoyaltyTraders LLC dba SongVest | RoyaltyTraders LLC dba SongVest |
| By: | (SEAL) |
| Name: | Alex Guiva |
| Title: | Partner |

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| | |
|:---|:---|
| **Seller:** | **Seller:** |
| Sean Peace | Sean Peace |
| By: | (SEAL) |
| Name: | Sean Peace |

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**SCHEDULE A**

**PORTFOLIO/REVENUE SOURCES/PERCENTAGE INTERESTS**

1. **Royalty Period –** With respect to each Asset, commencing on <u>the date of the closing of the Offering</u> and ending upon <u>the expiration of copyright</u> in such Asset.

2. **Assets** – The following are the type(s) of Assets contained in the Portfolio:

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| | | |
|:---|:---|:---|
| **TITLE** | **ISRC** | **SELLER'S % INTEREST** |
| "One Sweet Day" | See attached Exhibit B | 100% |

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3. **Percentage Interests** – The Percentage Interest in Seller's Revenue Sources is a maximum of One-Hundred <u>Percent (100%)</u>, subject to clause 6, below.

4. **Revenue Sources** – The Revenue Sources from sales and/or exploitations of Assets are as follows:

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| | |
|:---|:---|
| A. | Type: |
|  | **<u>Master Income</u>** |
| B. | Share: |
|  | **<u>Producer's Share</u>** |

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5. **Distributors –** The current Distributors, Labels, and/or PROs, as applicable, of Assets:

**<u>Sony Music - Sean Will be paid by Sony and will then pay Songvest</u>**

Sch. A-1

6. **Purchase Price and Royalty Interest** – The Purchase Price shall be equal to either (i) the "Minimum: set forth below; (ii) the "Maximum" set forth below; or (iii) a number in between the "Minimum" and "Maximum" set forth below:

● <u>Minimum</u>: $<u>1.00</u>, which shall entitle SongVest to <u>1</u> % Royalty Interest in the Royalties<sup>**(1)**</sup>

● <u>Maximum</u>: $<u>31,898.10</u>, which shall entitle SongVest to a <u>100</u> % Royalty Interest in the Royalties<sup>**(1)**</sup>

7. **Artist** – The musical group or recording artist whose performances are embodied in the Asset(s) are:

"One Sweet Day"- Mariah Carey

***(1)***  ***For any Purchase Price that falls between the Minimum or Maximum amounts set forth above, the Royalty Interest in the Royalties to which SongVest shall be entitled will be calculated by multiplying the Purchase Price by a fraction, for which the numerator shall be the Purchase Price, and the denominator shall be the Maximum amount set forth above.*** 

Sch. A-2

**SCHEDULE B: FEES AND EXPENSES**

SongVest intends to collect a fee equal to approximately 26% of the Purchase Price as compensation for its role in facilitating the Transaction.

The Purchase Price agreed to by the Seller herein is not reduced by the aforementioned fees. SongVest may elect to forego these fees at its sole discretion.

Sch. B-1

**EXHIBIT A**

________________

Sean Peace

Re: <u>Notice of Assignment of Income</u>

Gentlepersons:

Reference is made to the Royalty Option Agreement, effective as of the Effective Date (the 'Agreement') by and between Sean Peace, individually and on behalf of its affiliates (Collectively, the "Seller"), and RoyaltyTraders LLC, d/b/a Songvest (the "Purchaser"). Capitalized terms used herein which are not defined herein shall have the meanings ascribed thereto in the Agreement.

As evidenced by the Agreement, Purchaser has acquired from Seller, throughout the world, the exclusive right to receive and collect the applicable Royalty Interest (as defined in the Agreement and Schedule A) of Seller's share of royalties from the Performance Royalties (and other Assets) accrued and unpaid and hereafter accruing (the "Assigned Royalties"). Accordingly, from and after the applicable Closing Date(s), you are to remit to Purchaser all of the Assigned Royalties, regardless of when earned, to Purchaser, and send them along with any corresponding statements, notices and correspondence to:

RoyaltyTraders, LLC dba SongVest

Attn: Royalty Payments Dept.

1053 East Whitaker Road, Suite 115

Raleigh, NC 27604

Or electronically to <u>finance@songvest.com</u>

---

| |
|:---|
| Please confirm your receipt of this notice. |
| Very Truly Yours, |
| Sean Peace |

---

**EXHIBIT B**

Complete ISRC List

---

| | |
|:---|:---|
| **Title** | **ISRC** |
| ONE SWEET DAY | USSM19501912 |
| ONE SWEET DAY | USSM19501117 |

---

## Ex1A-6

**Exhibit 6.52**

**ROYALTY OPTION AGREEMENT**

This Royalty Option Agreement ("**Agreement**") is entered into as of February 19, 2026, by and between RoyaltyTraders LLC dba SongVest, a Delaware limited liability company ("**SongVest**") at 1053 East Whitaker Rd Suite 115, Raleigh, NC 27604, and Sean Peace of 3724 Congeniality Way Raleigh, NC 27613 ("**Seller**") and, collectively with SongVest, the "**Parties.**"

WHEREAS, Seller is granting to SongVest an exclusive option to enter into the Transaction (as defined below);

WHEREAS, subject to satisfaction of the Option Threshold (as defined below), Seller will sell to SongVest the right to receive Royalties deriving from the Portfolio during the Royalty Periods (as listed on Schedule A), and SongVest will issue proceed rights units (each, a "**Unit**," and collectively, the "Proceed Rights") to third-party investors via the SongVest platform;

WHEREAS, the Parties desire to memorialize their agreement regarding the Royalties to be directed and paid to SongVest in exchange for payment of the Purchase Price to Seller;

NOW, THEREFORE, in consideration of the mutual covenants herein, the Parties agree as follows:

**Certain Defined Terms**. For purposes of this Agreement, the following terms shall have the meanings set forth below:

"**Assets**" means the assets contained in the Portfolio (e.g., Sound Recordings, Compositions) as listed on Schedule A attached hereto and made a part hereof.

"**Artist(s)**" means those recording artists whose musical performances are embodied in the Assets contained in the Portfolio, if any, and as set forth on Schedule A.

"**Compositions**" means those musical compositions the titles of which are set forth on Schedule A, if any.

"**Distributor(s)**" means any third-party distributor, including a record label or online digital distribution company, that sells, markets, and/or distributes sound recordings embodying the Assets.

"**Fees and Expenses**" means the fees and expenses, including Anticipated Fees, incurred by SongVest for its time and effort to place the Proceed Rights into the Offering and market the Units and Proceed Rights to the general public. Fees and Expenses include, without limitation, legal and other regulator costs related to completing the Offering memorandum and closing. Anticipated Fees are outlined in Schedule B, though actual Fees and Expenses may differ.

"**Net Revenue**" means the Royalties generated from the Portfolio Assets less any service fee charged by the Distributor (or other third party) and current taxes payable during the current period as withheld by the Distributor (or other third party) for the sole purpose of remittal to an entity with taxing authority in the normal course of business.

"**Offering**" means the offering held by SongVest via the Site wherein investors are issued the Units and Proceed Rights.

"**Option Threshold**" means $1.00.

"**Percentage Interest**" means the percentage of Seller's revenue that is available for SongVest to receive from the Seller with respect to the Revenue Sources, up to a maximum of One-Hundred percent (100%), subject to clause 6 of Schedule A.

"**Portfolio**" means the portfolio of Assets as set forth on Schedule A.

"**PRO**" means Seller's public performance rights organization, if any.

"**Purchase Price**" means the purchase price for the Royalties by SongVest as set forth on Schedule A.

"**Sound Recordings**" means those sound recordings embodying the performances of Artist(s) and set forth on Schedule A, if any.

"**Revenue Sources**" means those sources of revenue earned and received by Seller and from which the Royalties are derived from the Assets, which may include, as set forth herein, streaming of the Sound Recordings, record sales, neighboring rights, licensing, or digital sales.

"**Royalty Period**" means, with respect to the Royalties, the period commencing with the initial payment of the Royalties to SongVest and ending on such date as set forth in Schedule A.

"**Royalties**" means the royalties payable to SongVest in connection with the Portfolio that derive from the Revenue Sources based on the Percentage Interest.

"**Royalty Interest**" means the percentage of the Royalties that SongVest is entitled to as set forth in Schedule A based on the Percentage Interest.

"**Seller Agreements**" means those agreements between Seller and third parties, including Artists and/or Distributors, wherein Seller is entitled to receive the Percentage Interest of all Assets.<br>

"**Streaming**" means the Net Revenue payable to Seller derived from the Portfolio (including all Assets) from Distributor, Artist, Publisher, and/or PRO, as applicable, from all digital streaming platforms (e.g., Spotify) and reported by any source (digital service providers, SoundExchange, Distributor or other companies collecting streaming income on the Portfolio).

"**Term**" means the term of this Agreement, which Term shall commence on the date of signature of this Agreement and continue until the earlier of (a) the date that is twelve (12) months following the Effective Date, if the Option Threshold has not been satisfied by such date; or (b) the date on which all Royalties payable with respect to all Royalty Interests sold and closed hereunder have been paid in full to SongVest. For the avoidance of doubt, upon satisfaction of the Option Threshold, SongVest's option to enter into the Transaction shall be deemed exercised, and the Term shall continue through the expiration of all applicable Royalty Periods with respect to Royalty Interests sold and closed, regardless of whether the Offering is completed or additional Royalty Interests are sold.

"**Videos**" means those audiovisual recordings of Sound Recordings and set forth on Schedule A, if any.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1. **Transaction/Offering.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller hereby grants to SongVest the exclusive right during the Term to conduct the Offering. SongVest may conduct the Offering in one or more closings, including on a rolling or quarterly basis, in SongVest's sole discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The Parties acknowledge and agree that the **Option Threshold shall be deemed satisfied upon the funding of at least One Dollar ($1.00)**. Upon satisfaction of the Option Threshold, SongVest's option shall be deemed exercised with respect to the Royalty Interests sold and closed from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The Offering may be closed in one or more closings (each, a "**Closing** "). At each Closing, Seller shall irrevocably assign, grant, and convey to SongVest the applicable pro rata Royalty Interest corresponding solely to the portion of the Purchase Price funded at such Closing, as further set forth on Schedule A. No Royalty Interest shall vest or accrue except with respect to amounts actually sold and closed. Royalties attributable to Royalty Interests sold at a given Closing shall accrue only from and after such Closing and shall not relate back to any prior period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Promptly following each Closing, and in any event within five (5) business days of such Closing, SongVest shall remit to Seller the Purchase Price (without any deduction or set-off) funded at such Closing, in accordance with the payment instructions provided to SongVest by Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **Royalties**. Seller agrees that, during the applicable Royalty Periods, all Royalties derived from the Portfolio Assets and applicable Revenue Sources shall be paid or directed to SongVest in accordance with this Agreement and Schedule A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. **Administration Election:** Seller shall administer Royalties in one of the following manners, as elected by Seller in writing (Seller hereby elects option (ii)(Seller Administration)):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. **Letters of Direction ("LODs").** Seller shall execute and maintain irrevocable letters of direction directing applicable distributors, publishers, administrators, PROs, and other revenue sources to remit directly to SongVest the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed; **or** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. **Seller Administration.** Seller shall continue to administer and collect all Royalties and shall remit to SongVest, on a quarterly basis (or such other period as set forth on Schedule A), the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed.

Unless and until the Parties mutually agree otherwise in writing, Seller may continue Seller Administration indefinitely, including following the completion of the Offering.

Notwithstanding anything herein to the contrary, Seller shall only be required to execute or maintain Letters of Direction to the extent Seller elects LOD-based administration pursuant to this Section or as otherwise required under the "Change in Ownership; Sale of Fund" section below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. **Third-Party Noncompliance:** Seller shall use commercially reasonable efforts to cause applicable third parties to comply with the elected administration method. In the event of any failure by a third party to remit Royalties as required, Seller shall remain responsible for remitting to SongVest the applicable Royalties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. **Audit and Reporting:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. If Seller elects Letters of Direction ("LODs") pursuant to the Administration Election above (or if LODs are required under the "Change in Ownership; Sale of Fund" section below), Seller shall execute and maintain irrevocable letters of direction ("LOD"), a copy of which is attached hereto as Exhibit A, directing Distributor, Artist, Publisher, PRO and/or other third party, as applicable, to account and pay to SongVest the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed for the entire Royalty Period at the same time and on the same terms as such party is required to account to Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. If Seller elects Seller Administration pursuant to the Administration Election above (or if Seller elects Letters of Direction ("LODs") pursuant to the Administration Election above (or if LODs are required under the "Change in Ownership; Sale of Fund" section below), and if Distributor, Artist, Publisher, PRO and/or other third party, as applicable, fails to account or pay Royalties to SongVest directly as required hereunder and instead pays such Royalties to Seller), Seller shall account to SongVest via a statement and pay all Royalties earned and received by Seller during such period no later than thirty (30) days after receipt by Seller of such Royalties. All payments shall be made to SongVest via wire transfer of immediately available funds pursuant to SongVest's written instructions for same. In the event Seller conducts an audit of any of Distributor's or Artist's (or other distributor's, publishers, PRO's or licenses) books and records regarding the sale of any Asset in the Portfolio at any time during the Term, Seller shall notify SongVest thereof and allow, to the extent Seller has the right to allow, SongVest to participate in such audit as it relates to sales of Portfolio. In the event Seller receives any proceeds or awards from any such audit or other claim relating to the Portfolio, Seller will immediately notify SongVest thereof and pay to SongVest its proportionate share of the proceeds (subject to a deduction therefrom of Seller's actual, verifiable costs in conducting such audit or claim). Upon SongVest's request therefor and subject to SongVest covering the costs thereof, Seller agrees, to the extent Seller has the right to do so, to conduct an audit of Distributor's or Artist's books and records related solely to accountings in connection with Royalties hereunder. In the event such audit reveals an underpayment of any monies due and payable in connection with Assets that were the subject of such audit, Seller shall ensure that such additional monies are collected and paid directly to SongVest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. At any time within two (2) years after any statement is rendered to SongVest hereunder, SongVest shall have the right to, upon thirty (30) days written notice, examine Seller's books and records with respect to such statement. Such examination shall be at SongVest's sole cost and expense, by a certified public accountant or other qualified representative designated by SongVest. Such examination shall be made during Seller's usual business hours at the place where Seller maintains the books and records which relate to the Portfolio and which are necessary to verify the accuracy of the statement. Seller shall have no obligation to produce such books and records more than once with respect to each statement rendered to SongVest. Unless notice shall have been given to Seller as provided hereinabove, each royalty statement rendered to SongVest shall be final, conclusive and binding on SongVest and shall constitute an account stated. SongVest shall be foreclosed from maintaining any action, claim or proceeding against Seller in any forum or tribunal with respect to any statement or accounting rendered hereunder unless such action, claim or proceeding is commenced against Seller in a court of competent jurisdiction within eighteen (18) months after the date such statement or accounting is rendered. All audit, accounting, reporting, payment timing, and interest provisions shall apply on a pro rata basis solely with respect to Royalty Interests sold and closed from time to time pursuant to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. At any time within two (2) years after any payment is rendered
to Seller by SongVest hereunder, Seller shall have the right, upon thirty (30) days' written notice, to examine SongVest's
books and records solely to the extent reasonably necessary to verify the calculation and accuracy of such payment to Seller under this
Agreement. Such examination shall be limited to records directly related to the determination of the amount payable to Seller hereunder
and shall expressly exclude any records relating to (i) investor subscriptions, allocations, or distributions, (ii) the Offering or any
securities-related matters, or (iii) any systems, records, escrow accounts, or processes maintained by North Capital or any other third-party
service provider acting in a securities, escrow, or administrative capacity in connection with the Offering. Any such examination shall
be conducted at Seller's sole cost and expense, during SongVest's usual business hours, and no more than once with respect
to any payment. Unless notice is given as provided herein, each payment shall be final, conclusive, and binding upon Seller and shall
constitute an account stated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **Seller's Representations, Warranties and Covenants**. The Seller hereby represents, warrants and covenants to SongVest that as of the date hereof:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller: (i) owns and/or has the irrevocable, exclusive right to receive the Royalties free and clear of any mortgage, pledge, lien, charge, security interest, encumbrance, restriction or adverse claim of any nature whatsoever (collectively, "Liens"), other than any tax obligation that Seller must satisfy in connection with the purchase and sale of the Royalties hereunder, (ii) is not aware of any Liens being asserted against the Royalties, (iii) has not consented to the imposition of any Liens on the Royalties and (iv) has not sold, assigned, transferred or otherwise encumbered any of Seller's rights in the Royalties to any person or entity other than SongVest;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Seller is competent to enter into (and understands the terms of) this Agreement and has been represented by tax and accounting advisors and legal counsel in the negotiation and execution of this Agreement, or knowingly waived Seller's right to do so;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Seller intends to (and shall) fully and timely satisfy all tax obligations of Seller flowing from this Agreement from the proceeds Seller receives from SongVest hereunder; In the event Seller fails to satisfy tax obligations flowing from this Agreement, SongVest will not be subject to liability on behalf of Seller;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Seller shall indemnify, defend and hold harmless SongVest, its agents, attorneys, employees, officers, directors, successors and assigns (collectively, the Indemnified Parties") from and against all claims, losses, damages, penalties, judgments, lawsuits and all related costs and expenses of any nature (including legal fees and costs) (collectively, "Costs") which may be incurred by or asserted against any of the Indemnified Parties arising out of, related to, or in connection with any breach or alleged breach by Seller of Seller's obligations, agreements, covenants, representations and/or warranties in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Seller has all necessary right, power, legal capacity and authority, and all necessary actions on the part of Seller (including action required to be taken by Seller's officers, directors, shareholders, trustees, executors or representatives) have been duly and validly taken to authorize Seller: (i) to own the Royalties; (ii) to sell, assign and transfer the Royalties as provided herein; (iii) to effectuate the execution and delivery of this Agreement; (iv) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (v) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. No approvals or consents of any persons or entities other than Seller are necessary in connection therewith, including, without limitation, any approval or consent by the Artists, Distributor, any co-writers or owners of the Assets, and/or any third-party publishers or PRO's, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. As of the date of execution of this Agreement, Seller has no outstanding, unrecouped, and/or unearned advances in respect of or affecting the Royalties and, at no time during the Term will Seller enter into any agreement affecting the payment of Royalties hereunder, including, without limitation, any agreement whereby Seller receives any advance or other monies that are recoupable from (or otherwise reduce) Royalties payable hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. All federal, state and local taxes accrued or owing by Seller to and including the date of execution of this Agreement arising out of or in connection with the Royalties, including without limitation any sales or transfer taxes resulting from the transaction contemplated herein, if any, have been or will be paid or caused to be paid by Seller. The Royalties are free and clear of any and all liens, charges, mortgages, pledges, claims, encumbrances, obligations or liabilities of any kind or nature whatsoever whether accrued, absolute, contingent or otherwise, which would negatively affect the transfer to SongVest of the right to receive the Royalties hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Throughout the Term, Seller shall not take any voluntary action intended to materially impair, delay, or reduce the Royalties payable to SongVest pursuant to this Agreement. The foregoing restriction shall not apply to any of Sellers's distributors, Publishers, or PROs, provided Seller shall provide written notice to SongVest of any sale by the foregoing promptly upon receiving notice from such third parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Seller will not grant any rights or incur any obligations that are inconsistent with the rights granted herein or Seller's obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. Seller will maintain the power, right and authority to perform its obligations hereunder at all times during the Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k. Each Seller Agreement is: (i) in full force and effect as of the date hereof, and shall remain in effect throughout the entire Term and (ii) a valid and binding agreement between Seller and the applicable third party (e.g., Artist) wherein Seller is irrevocably entitled to receive and retain all Royalties with respect to the Assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l. At no time during the Term shall Seller terminate, rescind, revoke or attempt to terminate, rescind or revoke such Seller Agreement or any LOD without the prior written approval of SongVest.

SongVest hereby represents, warrants and covenants to the Seller that as of the date hereof SongVest has all necessary right, power, legal capacity and authority to (i) sell, market (directly or indirectly) advertise or promote securities as that term is understood by the U.S. Securities and Exchange Commission (SEC) including any related to the Portfolio, (ii) to effectuate the execution and delivery of this Agreement; (iii) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (iv) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. This Agreement is legal, valid, and binding upon SongVest and is enforceable in accordance with its terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. **Distribution**. Seller shall notify SongVest of any change in distributor, administrator, publisher, or other revenue source and shall cooperate fully to ensure uninterrupted payment of Royalties to SongVest, including execution of replacement LODs if required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **Change in Ownership; Sale of Portfolio.** In the event Seller sells, transfers, assigns, or otherwise disposes of the Portfolio, any of the Assets, or any interest therein, or if there is any change of ownership or control of Seller (each, a "Change of Control Transaction"), Seller shall, and shall cause any acquiring or successor owner to, promptly take all actions necessary to ensure SongVest continues to receive its applicable share of Royalties without interruption or diminution.

Without limiting the foregoing, Seller shall ensure that all required assignments, notices, letters of direction, payee change forms, and other documentation are executed and delivered directly to all applicable distributors, publishers, administrators, collection societies, digital service providers, and other revenue sources to provide for SongVest to be paid directly, or through a mutually agreed payment mechanism, its applicable pro rata share of Royalties. Any acquiring or successor owner shall automatically assume responsibility for the ongoing administration of the Assets and shall remit to SongVest all Royalties due pursuant to this Agreement **without any deduction, offset, recoupment, or administration fee of any kind**. Seller acknowledges that injunctive relief and specific performance may be appropriate remedies for any breach of this Section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. **Successors & Assigns**. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, permitted assigns, heirs, executors and administrators. Either party may assign this Agreement or any of its rights or obligations hereunder to a third party which agrees to assume the assigning party's obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. **Notices**. All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been given (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); or (c) on the third (3<sup>rd</sup>) day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications must be sent 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 6**):

---

| | |
|:---|:---|
| If to Seller: | Sean Peace |
|  | 3724 Congeniality Way |
|  | Raleigh, NC 27613 |
| If to SongVest: | RoyaltyTraders, LLC dba SongVest<br> 1053 East Whitaker Mill Road, Suite 115<br> Raleigh, NC 27604 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. **Choice of Law**. This Agreement shall be governed by and construed in accordance with the laws of the State of Tennessee, USA (without regard to its conflicts of law doctrines) as if this Agreement were entered into and wholly to be performed therein. All actions arising out of or relating to this Agreement shall be brought in the State or Federal courts in Davidson County, Tennessee, and the parties hereby submit to the jurisdiction of such courts. If any legal action or other proceeding is brought for the enforcement of this Agreement or as a result of a breach, default or misrepresentation in connection with any of the provisions of this Agreement, the successful or prevailing party shall be entitled to recover reasonable attorneys' fees and other costs insured in such action or proceeding in addition to any other relief to which such party may be entitled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. **Entire Agreement; Modifications; Headings**. This Agreement, together with the Closing Documents, constitute the entire understanding between the Parties with respect to the transactions contemplated herein and supersede all other agreements and understandings between the Parties; provided, however, that in the event of any conflict, the terms of this Agreement shall prevail. No modification of this Agreement shall be valid unless in writing and signed by both Parties. The titles and headings of the various articles and sections in this Agreement are intended solely for convenience of reference and are not intended for any other purpose whatsoever or to explain, modify, or place any construction on any of the provisions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. **No Third-Party Beneficiary.** The Parties acknowledge and agree that each Investor is an intended third-party beneficiary solely with respect to the economic right to receive Royalties under this Agreement. Notwithstanding the foregoing, each Investor has irrevocably and exclusively delegated all rights to enforce this Agreement to SongVest Pursuant to the terms under which each Investor subscribes through the SongVest platform. The existence of third-party beneficiary status shall not expand the duties, liabilities, or remedies of Seller or Songvest beyond those expressly set forth herein, and all limitation of liabilities, waivers, and restrictions contained in this Agreement shall apply equally to any claim asserted for the benefit of Investors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. **Limitation of Liability.** To the maximum extent permitted by applicable law, neither SongVest nor the Seller shall by liable to the other for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, loss of revenue, loss of data, or loss of business opportunity, arising out of or relating to this Agreement, whether based on contract, tort (including negligence), strict liability, or any other legal theory, even if such party has been advised of the possibility of such damages. In no event shall SongVest's or the Seller's aggregate liability arising out of or related to this Agreement exceed the greater of (i) the Purchase Price, or (ii) the Royalties paid or payable under this Agreement in the twelve (12) month period immediately preceding the event giving rise to the claim. This limitation of liability shall not apply to SongVest's or the Seller's gross negligence or willful misconduct. For the avoidance of doubt, all limitations of liability and waivers set forth in this Agreement apply to any claims asserted for the benefit of Investors, whether directly or indirectly.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. **Counterparts; Facsimile Signatures**. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same instrument. A signed copy of this Agreement delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement.

[Signatures to be provided on following page]

IN WITNESS WHEREOF, the Parties have executed this Agreement under seal (each Party adopting the word "SEAL" as its true and lawful seal) as of the date first set forth above.

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| | |
|:---|:---|
| **SongVest:** | **SongVest:** |
| RoyaltyTraders LLC dba SongVest | RoyaltyTraders LLC dba SongVest |
| By: | (SEAL) |
| Name: | Alex Guiva |
| Title: | Partner |

---

---

| | |
|:---|:---|
| **Seller:** | **Seller:** |
| Sean Peace | Sean Peace |
| By: | (SEAL) |
| Name: | Sean Peace |

---

**SCHEDULE A**

**PORTFOLIO/REVENUE SOURCES/PERCENTAGE INTERESTS**

1. **Royalty Period –** With respect to each Asset, commencing on <u>the date of the closing of the Offering</u> and ending upon <u>the expiration of copyright</u> in such Asset.

2. **Assets** – The following are the type(s) of Assets contained in the Portfolio:

---

| | | |
|:---|:---|:---|
| **TITLE** | **ISRC** | **SELLER'S % INTEREST** |
| "Love Takes Time" | See attached Exhibit B | 100% |

---

3. **Percentage Interests** – The Percentage Interest in Seller's Revenue Sources is a maximum of One-Hundred <u>Percent (100%)</u>, subject to clause 6, below.

4. **Revenue Sources** – The Revenue Sources from sales and/or exploitations of Assets are as follows:

---

| | |
|:---|:---|
| A. | Type: |
|  | **<u>Master Income</u>** |
| B. | Share: |
|  | **<u>Producer's Share</u>** |

---

5. **Distributors –** The current Distributors, Labels, and/or PROs, as applicable, of Assets:

**<u>Sony Music - Sean Will be paid by Sony and will then pay Songvest</u>**

Sch. A-1

6. **Purchase Price and Royalty Interest** – The Purchase Price shall be equal to either (i) the "Minimum: set forth below; (ii) the "Maximum" set forth below; or (iii) a number in between the "Minimum" and "Maximum" set forth below:

● <u>Minimum</u>: $<u>1.00</u>, which shall entitle SongVest to <u>1</u> % Royalty Interest in the Royalties<sup>**(1)**</sup>

● <u>Maximum</u>: $<u>19,729.39</u>, which shall entitle SongVest to a <u>100</u> % Royalty Interest in the Royalties<sup>**(1)**</sup>

7. **Artist** – The musical group or recording artist whose performances are embodied in the Asset(s) are:

"Love Take Time"- Mariah Carey

***(1)***  ***For any Purchase Price that falls between the Minimum or Maximum amounts set forth above, the Royalty Interest in the Royalties to which SongVest shall be entitled will be calculated by multiplying the Purchase Price by a fraction, for which the numerator shall be the Purchase Price, and the denominator shall be the Maximum amount set forth above.*** 

Sch. A-2

**SCHEDULE B: FEES AND EXPENSES**

SongVest intends to collect a fee equal to approximately 26% of the Purchase Price as compensation for its role in facilitating the Transaction.

The Purchase Price agreed to by the Seller herein is not reduced by the aforementioned fees. SongVest may elect to forego these fees at its sole discretion.

Sch. B-1

**EXHIBIT A**

________________

Sean Peace

Re: <u>Notice of Assignment of Income</u>

Gentlepersons:

Reference is made to the Royalty Option Agreement, effective as of the Effective Date (the 'Agreement') by and between Sean Peace, individually and on behalf of its affiliates (Collectively, the "Seller"), and RoyaltyTraders LLC, d/b/a Songvest (the "Purchaser"). Capitalized terms used herein which are not defined herein shall have the meanings ascribed thereto in the Agreement.

As evidenced by the Agreement, Purchaser has acquired from Seller, throughout the world, the exclusive right to receive and collect the applicable Royalty Interest (as defined in the Agreement and Schedule A) of Seller's share of royalties from the Performance Royalties (and other Assets) accrued and unpaid and hereafter accruing (the "Assigned Royalties"). Accordingly, from and after the applicable Closing Date(s), you are to remit to Purchaser all of the Assigned Royalties, regardless of when earned, to Purchaser, and send them along with any corresponding statements, notices and correspondence to:

RoyaltyTraders, LLC dba SongVest

Attn: Royalty Payments Dept.

1053 East Whitaker Road, Suite 115

Raleigh, NC 27604

Or electronically to <u>finance@songvest.com</u>

---

| |
|:---|
| Please confirm your receipt of this notice. |
| Very Truly Yours, |
| Sean Peace |

---

**EXHIBIT B**

Complete ISRC List

---

| | |
|:---|:---|
| **Title** | **ISRC** |
| LOVE TAKES TIME | USSM20700836 |
| LOVE TAKES TIME | USSM20600698 |
| LOVE TAKES TIME | USSM20100729 |
| LOVE TAKES TIME | USSM19922735 |
| LOVE TAKES TIME | USSM19000422 |

---

## Ex1A-6

**Exhibit 6.53**

**ROYALTY OPTION AGREEMENT**

This Royalty Option Agreement ("**Agreement**") is entered into as of February 19, 2026, by and between RoyaltyTraders LLC dba SongVest, a Delaware limited liability company ("**SongVest**") at 1053 East Whitaker Rd Suite 115, Raleigh, NC 27604, and Sean Peace of 3724 Congeniality Way Raleigh, NC 27613 ("**Seller**") and, collectively with SongVest, the "**Parties.**"

WHEREAS, Seller is granting to SongVest an exclusive option to enter into the Transaction (as defined below);

WHEREAS, subject to satisfaction of the Option Threshold (as defined below), Seller will sell to SongVest the right to receive Royalties deriving from the Portfolio during the Royalty Periods (as listed on Schedule A), and SongVest will issue proceed rights units (each, a "**Unit**," and collectively, the "Proceed Rights") to third-party investors via the SongVest platform;

WHEREAS, the Parties desire to memorialize their agreement regarding the Royalties to be directed and paid to SongVest in exchange for payment of the Purchase Price to Seller;

NOW, THEREFORE, in consideration of the mutual covenants herein, the Parties agree as follows:

**Certain Defined Terms**. For purposes of this Agreement, the following terms shall have the meanings set forth below:

"**Assets**" means the assets contained in the Portfolio (e.g., Sound Recordings, Compositions) as listed on Schedule A attached hereto and made a part hereof.

"**Artist(s)**" means those recording artists whose musical performances are embodied in the Assets contained in the Portfolio, if any, and as set forth on Schedule A.

"**Compositions**" means those musical compositions the titles of which are set forth on Schedule A, if any.

"**Distributor(s)**" means any third-party distributor, including a record label or online digital distribution company, that sells, markets, and/or distributes sound recordings embodying the Assets.

"**Fees and Expenses**" means the fees and expenses, including Anticipated Fees, incurred by SongVest for its time and effort to place the Proceed Rights into the Offering and market the Units and Proceed Rights to the general public. Fees and Expenses include, without limitation, legal and other regulator costs related to completing the Offering memorandum and closing. Anticipated Fees are outlined in Schedule B, though actual Fees and Expenses may differ.

"**Net Revenue**" means the Royalties generated from the Portfolio Assets less any service fee charged by the Distributor (or other third party) and current taxes payable during the current period as withheld by the Distributor (or other third party) for the sole purpose of remittal to an entity with taxing authority in the normal course of business.

"**Offering**" means the offering held by SongVest via the Site wherein investors are issued the Units and Proceed Rights.

"**Option Threshold**" means $1.00.

"**Percentage Interest**" means the percentage of Seller's revenue that is available for SongVest to receive from the Seller with respect to the Revenue Sources, up to a maximum of One-Hundred percent (100%), subject to clause 6 of Schedule A.

"**Portfolio**" means the portfolio of Assets as set forth on Schedule A.

"**PRO**" means Seller's public performance rights organization, if any.

"**Purchase Price**" means the purchase price for the Royalties by SongVest as set forth on Schedule A.

"**Sound Recordings**" means those sound recordings embodying the performances of Artist(s) and set forth on Schedule A, if any.

"**Revenue Sources**" means those sources of revenue earned and received by Seller and from which the Royalties are derived from the Assets, which may include, as set forth herein, streaming of the Sound Recordings, record sales, neighboring rights, licensing, or digital sales.

"**Royalty Period**" means, with respect to the Royalties, the period commencing with the initial payment of the Royalties to SongVest and ending on such date as set forth in Schedule A.

"**Royalties**" means the royalties payable to SongVest in connection with the Portfolio that derive from the Revenue Sources based on the Percentage Interest.

"**Royalty Interest**" means the percentage of the Royalties that SongVest is entitled to as set forth in Schedule A based on the Percentage Interest.

"**Seller Agreements**" means those agreements between Seller and third parties, including Artists and/or Distributors, wherein Seller is entitled to receive the Percentage Interest of all Assets.<br>

"**Streaming**" means the Net Revenue payable to Seller derived from the Portfolio (including all Assets) from Distributor, Artist, Publisher, and/or PRO, as applicable, from all digital streaming platforms (e.g., Spotify) and reported by any source (digital service providers, SoundExchange, Distributor or other companies collecting streaming income on the Portfolio).

"**Term**" means the term of this Agreement, which Term shall commence on the date of signature of this Agreement and continue until the earlier of (a) the date that is twelve (12) months following the Effective Date, if the Option Threshold has not been satisfied by such date; or (b) the date on which all Royalties payable with respect to all Royalty Interests sold and closed hereunder have been paid in full to SongVest. For the avoidance of doubt, upon satisfaction of the Option Threshold, SongVest's option to enter into the Transaction shall be deemed exercised, and the Term shall continue through the expiration of all applicable Royalty Periods with respect to Royalty Interests sold and closed, regardless of whether the Offering is completed or additional Royalty Interests are sold.

"**Videos**" means those audiovisual recordings of Sound Recordings and set forth on Schedule A, if any.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1. **Transaction/Offering.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller hereby grants to SongVest the exclusive right during the Term to conduct the Offering. SongVest may conduct the Offering in one or more closings, including on a rolling or quarterly basis, in SongVest's sole discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The Parties acknowledge and agree that the **Option Threshold shall be deemed satisfied upon the funding of at least One Dollar ($1.00)**. Upon satisfaction of the Option Threshold, SongVest's option shall be deemed exercised with respect to the Royalty Interests sold and closed from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The Offering may be closed in one or more closings (each, a "**Closing** "). At each Closing, Seller shall irrevocably assign, grant, and convey to SongVest the applicable pro rata Royalty Interest corresponding solely to the portion of the Purchase Price funded at such Closing, as further set forth on Schedule A. No Royalty Interest shall vest or accrue except with respect to amounts actually sold and closed. Royalties attributable to Royalty Interests sold at a given Closing shall accrue only from and after such Closing and shall not relate back to any prior period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Promptly following each Closing, and in any event within five (5) business days of such Closing, SongVest shall remit to Seller the Purchase Price (without any deduction or set-off) funded at such Closing, in accordance with the payment instructions provided to SongVest by Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **Royalties**. Seller agrees that, during the applicable Royalty Periods, all Royalties derived from the Portfolio Assets and applicable Revenue Sources shall be paid or directed to SongVest in accordance with this Agreement and Schedule A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. **Administration Election:** Seller shall administer Royalties in one of the following manners, as elected by Seller in writing (Seller hereby elects option (ii)(Seller Administration)):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. **Letters of Direction ("LODs").** Seller shall execute and maintain irrevocable letters of direction directing applicable distributors, publishers, administrators, PROs, and other revenue sources to remit directly to SongVest the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed; **or** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. **Seller Administration.** Seller shall continue to administer and collect all Royalties and shall remit to SongVest, on a quarterly basis (or such other period as set forth on Schedule A), the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed.

Unless and until the Parties mutually agree otherwise in writing, Seller may continue Seller Administration indefinitely, including following the completion of the Offering.

Notwithstanding anything herein to the contrary, Seller shall only be required to execute or maintain Letters of Direction to the extent Seller elects LOD-based administration pursuant to this Section or as otherwise required under the "Change in Ownership; Sale of Fund" section below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. **Third-Party Noncompliance:** Seller shall use commercially reasonable efforts to cause applicable third parties to comply with the elected administration method. In the event of any failure by a third party to remit Royalties as required, Seller shall remain responsible for remitting to SongVest the applicable Royalties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. **Audit and Reporting:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. If Seller elects Letters of Direction ("LODs") pursuant to the Administration Election above (or if LODs are required under the "Change in Ownership; Sale of Fund" section below), Seller shall execute and maintain irrevocable letters of direction ("LOD"), a copy of which is attached hereto as Exhibit A, directing Distributor, Artist, Publisher, PRO and/or other third party, as applicable, to account and pay to SongVest the applicable pro rata share of Royalties corresponding to Royalty Interests sold and closed for the entire Royalty Period at the same time and on the same terms as such party is required to account to Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. If Seller elects Seller Administration pursuant to the Administration Election above (or if Seller elects Letters of Direction ("LODs") pursuant to the Administration Election above (or if LODs are required under the "Change in Ownership; Sale of Fund" section below), and if Distributor, Artist, Publisher, PRO and/or other third party, as applicable, fails to account or pay Royalties to SongVest directly as required hereunder and instead pays such Royalties to Seller), Seller shall account to SongVest via a statement and pay all Royalties earned and received by Seller during such period no later than thirty (30) days after receipt by Seller of such Royalties. All payments shall be made to SongVest via wire transfer of immediately available funds pursuant to SongVest's written instructions for same. In the event Seller conducts an audit of any of Distributor's or Artist's (or other distributor's, publishers, PRO's or licenses) books and records regarding the sale of any Asset in the Portfolio at any time during the Term, Seller shall notify SongVest thereof and allow, to the extent Seller has the right to allow, SongVest to participate in such audit as it relates to sales of Portfolio. In the event Seller receives any proceeds or awards from any such audit or other claim relating to the Portfolio, Seller will immediately notify SongVest thereof and pay to SongVest its proportionate share of the proceeds (subject to a deduction therefrom of Seller's actual, verifiable costs in conducting such audit or claim). Upon SongVest's request therefor and subject to SongVest covering the costs thereof, Seller agrees, to the extent Seller has the right to do so, to conduct an audit of Distributor's or Artist's books and records related solely to accountings in connection with Royalties hereunder. In the event such audit reveals an underpayment of any monies due and payable in connection with Assets that were the subject of such audit, Seller shall ensure that such additional monies are collected and paid directly to SongVest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. At any time within two (2) years after any statement is rendered to SongVest hereunder, SongVest shall have the right to, upon thirty (30) days written notice, examine Seller's books and records with respect to such statement. Such examination shall be at SongVest's sole cost and expense, by a certified public accountant or other qualified representative designated by SongVest. Such examination shall be made during Seller's usual business hours at the place where Seller maintains the books and records which relate to the Portfolio and which are necessary to verify the accuracy of the statement. Seller shall have no obligation to produce such books and records more than once with respect to each statement rendered to SongVest. Unless notice shall have been given to Seller as provided hereinabove, each royalty statement rendered to SongVest shall be final, conclusive and binding on SongVest and shall constitute an account stated. SongVest shall be foreclosed from maintaining any action, claim or proceeding against Seller in any forum or tribunal with respect to any statement or accounting rendered hereunder unless such action, claim or proceeding is commenced against Seller in a court of competent jurisdiction within eighteen (18) months after the date such statement or accounting is rendered. All audit, accounting, reporting, payment timing, and interest provisions shall apply on a pro rata basis solely with respect to Royalty Interests sold and closed from time to time pursuant to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. At any time within two (2) years after any payment is rendered
to Seller by SongVest hereunder, Seller shall have the right, upon thirty (30) days' written notice, to examine SongVest's
books and records solely to the extent reasonably necessary to verify the calculation and accuracy of such payment to Seller under this
Agreement. Such examination shall be limited to records directly related to the determination of the amount payable to Seller hereunder
and shall expressly exclude any records relating to (i) investor subscriptions, allocations, or distributions, (ii) the Offering or any
securities-related matters, or (iii) any systems, records, escrow accounts, or processes maintained by North Capital or any other third-party
service provider acting in a securities, escrow, or administrative capacity in connection with the Offering. Any such examination shall
be conducted at Seller's sole cost and expense, during SongVest's usual business hours, and no more than once with respect
to any payment. Unless notice is given as provided herein, each payment shall be final, conclusive, and binding upon Seller and shall
constitute an account stated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **Seller's Representations, Warranties and Covenants**. The Seller hereby represents, warrants and covenants to SongVest that as of the date hereof:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Seller: (i) owns and/or has the irrevocable, exclusive right to receive the Royalties free and clear of any mortgage, pledge, lien, charge, security interest, encumbrance, restriction or adverse claim of any nature whatsoever (collectively, "Liens"), other than any tax obligation that Seller must satisfy in connection with the purchase and sale of the Royalties hereunder, (ii) is not aware of any Liens being asserted against the Royalties, (iii) has not consented to the imposition of any Liens on the Royalties and (iv) has not sold, assigned, transferred or otherwise encumbered any of Seller's rights in the Royalties to any person or entity other than SongVest;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Seller is competent to enter into (and understands the terms of) this Agreement and has been represented by tax and accounting advisors and legal counsel in the negotiation and execution of this Agreement, or knowingly waived Seller's right to do so;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Seller intends to (and shall) fully and timely satisfy all tax obligations of Seller flowing from this Agreement from the proceeds Seller receives from SongVest hereunder; In the event Seller fails to satisfy tax obligations flowing from this Agreement, SongVest will not be subject to liability on behalf of Seller;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Seller shall indemnify, defend and hold harmless SongVest, its agents, attorneys, employees, officers, directors, successors and assigns (collectively, the Indemnified Parties") from and against all claims, losses, damages, penalties, judgments, lawsuits and all related costs and expenses of any nature (including legal fees and costs) (collectively, "Costs") which may be incurred by or asserted against any of the Indemnified Parties arising out of, related to, or in connection with any breach or alleged breach by Seller of Seller's obligations, agreements, covenants, representations and/or warranties in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Seller has all necessary right, power, legal capacity and authority, and all necessary actions on the part of Seller (including action required to be taken by Seller's officers, directors, shareholders, trustees, executors or representatives) have been duly and validly taken to authorize Seller: (i) to own the Royalties; (ii) to sell, assign and transfer the Royalties as provided herein; (iii) to effectuate the execution and delivery of this Agreement; (iv) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (v) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. No approvals or consents of any persons or entities other than Seller are necessary in connection therewith, including, without limitation, any approval or consent by the Artists, Distributor, any co-writers or owners of the Assets, and/or any third-party publishers or PRO's, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f. As of the date of execution of this Agreement, Seller has no outstanding, unrecouped, and/or unearned advances in respect of or affecting the Royalties and, at no time during the Term will Seller enter into any agreement affecting the payment of Royalties hereunder, including, without limitation, any agreement whereby Seller receives any advance or other monies that are recoupable from (or otherwise reduce) Royalties payable hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. All federal, state and local taxes accrued or owing by Seller to and including the date of execution of this Agreement arising out of or in connection with the Royalties, including without limitation any sales or transfer taxes resulting from the transaction contemplated herein, if any, have been or will be paid or caused to be paid by Seller. The Royalties are free and clear of any and all liens, charges, mortgages, pledges, claims, encumbrances, obligations or liabilities of any kind or nature whatsoever whether accrued, absolute, contingent or otherwise, which would negatively affect the transfer to SongVest of the right to receive the Royalties hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. Throughout the Term, Seller shall not take any voluntary action intended to materially impair, delay, or reduce the Royalties payable to SongVest pursuant to this Agreement. The foregoing restriction shall not apply to any of Sellers's distributors, Publishers, or PROs, provided Seller shall provide written notice to SongVest of any sale by the foregoing promptly upon receiving notice from such third parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Seller will not grant any rights or incur any obligations that are inconsistent with the rights granted herein or Seller's obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. Seller will maintain the power, right and authority to perform its obligations hereunder at all times during the Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;k. Each Seller Agreement is: (i) in full force and effect as of the date hereof, and shall remain in effect throughout the entire Term and (ii) a valid and binding agreement between Seller and the applicable third party (e.g., Artist) wherein Seller is irrevocably entitled to receive and retain all Royalties with respect to the Assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;l. At no time during the Term shall Seller terminate, rescind, revoke or attempt to terminate, rescind or revoke such Seller Agreement or any LOD without the prior written approval of SongVest.

SongVest hereby represents, warrants and covenants to the Seller that as of the date hereof SongVest has all necessary right, power, legal capacity and authority to (i) sell, market (directly or indirectly) advertise or promote securities as that term is understood by the U.S. Securities and Exchange Commission (SEC) including any related to the Portfolio, (ii) to effectuate the execution and delivery of this Agreement; (iii) to execute and deliver those documents and instruments referred to in the Schedules and Exhibits of this Agreement, and all other reasonably necessary documents or instruments contemplated hereby; and (iv) to perform the terms, conditions, and obligations hereof and the transactions contemplated hereby. This Agreement is legal, valid, and binding upon SongVest and is enforceable in accordance with its terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. **Distribution**. Seller shall notify SongVest of any change in distributor, administrator, publisher, or other revenue source and shall cooperate fully to ensure uninterrupted payment of Royalties to SongVest, including execution of replacement LODs if required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **Change in Ownership; Sale of Portfolio.** In the event Seller sells, transfers, assigns, or otherwise disposes of the Portfolio, any of the Assets, or any interest therein, or if there is any change of ownership or control of Seller (each, a "Change of Control Transaction"), Seller shall, and shall cause any acquiring or successor owner to, promptly take all actions necessary to ensure SongVest continues to receive its applicable share of Royalties without interruption or diminution.

Without limiting the foregoing, Seller shall ensure that all required assignments, notices, letters of direction, payee change forms, and other documentation are executed and delivered directly to all applicable distributors, publishers, administrators, collection societies, digital service providers, and other revenue sources to provide for SongVest to be paid directly, or through a mutually agreed payment mechanism, its applicable pro rata share of Royalties. Any acquiring or successor owner shall automatically assume responsibility for the ongoing administration of the Assets and shall remit to SongVest all Royalties due pursuant to this Agreement **without any deduction, offset, recoupment, or administration fee of any kind**. Seller acknowledges that injunctive relief and specific performance may be appropriate remedies for any breach of this Section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. **Successors & Assigns**. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors, permitted assigns, heirs, executors and administrators. Either party may assign this Agreement or any of its rights or obligations hereunder to a third party which agrees to assume the assigning party's obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. **Notices**. All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been given (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); or (c) on the third (3<sup>rd</sup>) day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications must be sent 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 6**):

---

| | |
|:---|:---|
| If to Seller: | Sean Peace |
|  | 3724 Congeniality Way |
|  | Raleigh, NC 27613 |
| If to SongVest: | RoyaltyTraders, LLC dba SongVest<br> 1053 East Whitaker Mill Road, Suite 115<br> Raleigh, NC 27604 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. **Choice of Law**. This Agreement shall be governed by and construed in accordance with the laws of the State of Tennessee, USA (without regard to its conflicts of law doctrines) as if this Agreement were entered into and wholly to be performed therein. All actions arising out of or relating to this Agreement shall be brought in the State or Federal courts in Davidson County, Tennessee, and the parties hereby submit to the jurisdiction of such courts. If any legal action or other proceeding is brought for the enforcement of this Agreement or as a result of a breach, default or misrepresentation in connection with any of the provisions of this Agreement, the successful or prevailing party shall be entitled to recover reasonable attorneys' fees and other costs insured in such action or proceeding in addition to any other relief to which such party may be entitled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. **Entire Agreement; Modifications; Headings**. This Agreement, together with the Closing Documents, constitute the entire understanding between the Parties with respect to the transactions contemplated herein and supersede all other agreements and understandings between the Parties; provided, however, that in the event of any conflict, the terms of this Agreement shall prevail. No modification of this Agreement shall be valid unless in writing and signed by both Parties. The titles and headings of the various articles and sections in this Agreement are intended solely for convenience of reference and are not intended for any other purpose whatsoever or to explain, modify, or place any construction on any of the provisions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. **No Third-Party Beneficiary.** The Parties acknowledge and agree that each Investor is an intended third-party beneficiary solely with respect to the economic right to receive Royalties under this Agreement. Notwithstanding the foregoing, each Investor has irrevocably and exclusively delegated all rights to enforce this Agreement to SongVest Pursuant to the terms under which each Investor subscribes through the SongVest platform. The existence of third-party beneficiary status shall not expand the duties, liabilities, or remedies of Seller or Songvest beyond those expressly set forth herein, and all limitation of liabilities, waivers, and restrictions contained in this Agreement shall apply equally to any claim asserted for the benefit of Investors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. **Limitation of Liability.** To the maximum extent permitted by applicable law, neither SongVest nor the Seller shall by liable to the other for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profits, loss of revenue, loss of data, or loss of business opportunity, arising out of or relating to this Agreement, whether based on contract, tort (including negligence), strict liability, or any other legal theory, even if such party has been advised of the possibility of such damages. In no event shall SongVest's or the Seller's aggregate liability arising out of or related to this Agreement exceed the greater of (i) the Purchase Price, or (ii) the Royalties paid or payable under this Agreement in the twelve (12) month period immediately preceding the event giving rise to the claim. This limitation of liability shall not apply to SongVest's or the Seller's gross negligence or willful misconduct. For the avoidance of doubt, all limitations of liability and waivers set forth in this Agreement apply to any claims asserted for the benefit of Investors, whether directly or indirectly.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. **Counterparts; Facsimile Signatures**. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same instrument. A signed copy of this Agreement delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement.

[Signatures to be provided on following page]

IN WITNESS WHEREOF, the Parties have executed this Agreement under seal (each Party adopting the word "SEAL" as its true and lawful seal) as of the date first set forth above.

---

| | |
|:---|:---|
| **SongVest:** | **SongVest:** |
| RoyaltyTraders LLC dba SongVest | RoyaltyTraders LLC dba SongVest |
| By: | (SEAL) |
| Name: | Alex Guiva |
| Title: | Partner |

---

---

| | |
|:---|:---|
| **Seller:** | **Seller:** |
| Sean Peace | Sean Peace |
| By: | (SEAL) |
| Name: | Sean Peace |

---

**SCHEDULE A**

**PORTFOLIO/REVENUE SOURCES/PERCENTAGE INTERESTS**

1. **Royalty Period –** With respect to each Asset, commencing on <u>the date of the closing of the Offering</u> and ending upon <u>the expiration of copyright</u> in such Asset.

2. **Assets** – The following are the type(s) of Assets contained in the Portfolio:

---

| | | |
|:---|:---|:---|
| **TITLE** | **ISRC** | **SELLER'S % INTEREST** |
| "DREAMLOVER"<br> "ANYTIME YOU NEED A FRIEND"<br> "I'LL BE THERE"<br> "CAN'T LET GO"<br> "OPEN ARMS"<br> "EMOTIONS"<br> "FOREVER" | See attached Exhibit B | 100% |

---

3. **Percentage Interests** – The Percentage Interest in Seller's Revenue Sources is a maximum of One-Hundred <u>Percent (100%)</u>, subject to clause 6, below.

4. **Revenue Sources** – The Revenue Sources from sales and/or exploitations of Assets are as follows:

---

| | |
|:---|:---|
| A. | Type: |
|  | **<u>Master Income</u>** |
| B. | Share: |
|  | **<u>Producer's Share</u>** |

---

5. **Distributors –** The current Distributors, Labels, and/or PROs, as applicable, of Assets:

**<u>Sony Music - Sean Will be paid by Sony and will then pay Songvest</u>**

Sch. A-1

6. **Purchase Price and Royalty Interest** – The Purchase Price shall be equal to either (i) the "Minimum: set forth below; (ii) the "Maximum" set forth below; or (iii) a number in between the "Minimum" and "Maximum" set forth below:

● <u>Minimum</u>: $<u>1.00</u>, which shall entitle SongVest to <u>1</u> % Royalty Interest in the Royalties<sup>**(1)**</sup>

● <u>Maximum</u>: $<u>38,914.78</u>, which shall entitle SongVest to a <u>100</u> % Royalty Interest in the Royalties<sup>**(1)**</sup>

7. **Artist** – The musical group or recording artist whose performances are embodied in the Asset(s) are:

---

| | |
|:---|:---|
| **Title** | **Artist** |
| "DREAMLOVER" | Mariah Carey |
| "ANYTIME YOU NEED A FRIEND" | Mariah Carey |
| "ILL BE THERE" | Mariah Carey (ft. Trey Lorenz) |
| "CANT LET GO" | Mariah Carey |
| "OPEN ARMS" | Mariah Carey |
| "EMOTIONS" | Mariah Carey |
| "FOREVER" | Mariah Carey |

---

***(1)***  ***For any Purchase Price that falls between the Minimum or Maximum amounts set forth above, the Royalty Interest in the Royalties to which SongVest shall be entitled will be calculated by multiplying the Purchase Price by a fraction, for which the numerator shall be the Purchase Price, and the denominator shall be the Maximum amount set forth above.*** 

Sch. A-2

**SCHEDULE B: FEES AND EXPENSES**

SongVest intends to collect a fee equal to approximately 26% of the Purchase Price as compensation for its role in facilitating the Transaction.

The Purchase Price agreed to by the Seller herein is not reduced by the aforementioned fees. SongVest may elect to forego these fees at its sole discretion.

Sch. B-1

**EXHIBIT A**

________________

Sean Peace

Re: <u>Notice of Assignment of Income</u>

Gentlepersons:

Reference is made to the Royalty Option Agreement, effective as of the Effective Date (the 'Agreement') by and between Sean Peace, individually and on behalf of its affiliates (Collectively, the "Seller"), and RoyaltyTraders LLC, d/b/a Songvest (the "Purchaser"). Capitalized terms used herein which are not defined herein shall have the meanings ascribed thereto in the Agreement.

As evidenced by the Agreement, Purchaser has acquired from Seller, throughout the world, the exclusive right to receive and collect the applicable Royalty Interest (as defined in the Agreement and Schedule A) of Seller's share of royalties from the Performance Royalties (and other Assets) accrued and unpaid and hereafter accruing (the "Assigned Royalties"). Accordingly, from and after the applicable Closing Date(s), you are to remit to Purchaser all of the Assigned Royalties, regardless of when earned, to Purchaser, and send them along with any corresponding statements, notices and correspondence to:

RoyaltyTraders, LLC dba SongVest

Attn: Royalty Payments Dept.

1053 East Whitaker Road, Suite 115

Raleigh, NC 27604

Or electronically to <u>finance@songvest.com</u>

---

| |
|:---|
| Please confirm your receipt of this notice. |
| Very Truly Yours, |
| Sean Peace |

---

**EXHIBIT B**

Complete ISRC List

---

| | |
|:---|:---|
| **Title** | **ISRC** |
| DREAMLOVER | USSM22002062 |
| DREAMLOVER | USSM20700831 |
| DREAMLOVER | USSM20700815 |
| DREAMLOVER | USSM20403377 |
| DREAMLOVER | USSM20100733 |
| DREAMLOVER | USSM19931983 |
| DREAMLOVER | USSM19805978 |
| DREAMLOVER | USSM19303790 |
| DREAMLOVER | USSM19303186 |
| DREAMLOVER | USSM19303185 |
| DREAMLOVER | USSM19303184 |
| DREAMLOVER | USSM19303183 |
| DREAMLOVER | USSM19303182 |
| DREAMLOVER | USSM19303170 |
| DREAMLOVER | USSM19300122 |
| DREAMLOVER | USSM12004818 |
| DREAMLOVER | USSM10604613 |
| ANYTIME YOU NEED A FRIEND | USSM20701183 |
| ANYTIME YOU NEED A FRIEND | USSM20600699 |
| ANYTIME YOU NEED A FRIEND | USSM20301299 |
| ANYTIME YOU NEED A FRIEND | USSM20100823 |
| ANYTIME YOU NEED A FRIEND | USSM19303718 |
| ANYTIME YOU NEED A FRIEND | USSM19303717 |
| ANYTIME YOU NEED A FRIEND | USSM19303716 |
| ANYTIME YOU NEED A FRIEND | USSM19303715 |
| ANYTIME YOU NEED A FRIEND | USSM19303712 |
| ANYTIME YOU NEED A FRIEND | USSM19303172 |
| ANYTIME YOU NEED A FRIEND | USSM12004412 |
| ANYTIME YOU NEED A FRIEND | USSM10014291 |
| ILL BE THERE | USSM21501374 |
| ILL BE THERE | USSM20700832 |
| ILL BE THERE | USSM20600701 |
| ILL BE THERE | USSM19201186 |
| ILL BE THERE | USSM19200431 |
| ILL BE THERE | USSM19200382 |
| ILL BE THERE | USSM10804200 |
| ILL BE THERE | USSM10804157 |
| CANT LET GO | USSM20600683 |
| CANT LET GO | USSM20301301 |
| CANT LET GO | USSM20100819 |
| CANT LET GO | USSM19200432 |
| CANT LET GO | USSM19100306 |
| CANT LET GO | USDMN0800025 |
| OPEN ARMS | USSMI9501118 |
| OPEN ARMS | USSM22001873 |
| OPEN ARMS | USSM20403376 |
| OPEN ARMS | USSM19501118 |
| EMOTIONS | USSM19100304 |
| FOREVER | USSM20403383 |
| FOREVER | USSM20402599 |
| FOREVER | USSM19501123 |

---

## Ex1A-8

**Exhibit 8.1**

**ESCROW AGREEMENT**

**FOR**

**SECURITIES OFFERING**

THIS ESCROW AGREEMENT, effective as of _____________, ("Escrow Agreement"), is by, between and among North Capital Private Securities Corporation, a Delaware Corporation and a registered Broker-Dealer, member FINRA and SIPC, located at 623 E. Ft. Union Blvd, Suite 101, Salt Lake City, UT 84047 ("NCPS") as escrow agent hereunder ("NCPS" or "Escrow Agent"); Dalmore Group, LLC ("Broker"), a New York limited liability company located at 525 Green Place, Woodmere, NY 11598; and ____________________________, a __________________________ ("Issuer") located at ___________________________________________________________________.

**SUMMARY**

A. Issuer has engaged Broker to act as broker/dealer of record for the sale up to $________________ of securities (the "Securities") on a "best efforts" basis, in an offering pursuant to Regulation A+.

B. In accordance with the Form 1-A ("Offering Document"), subscribers to the Shares (the "Subscribers" and individually, a "Subscriber") will be required to submit full payment for their respective investments at the time they enter into subscription agreements.

C. In accordance with the Offering Document, all payments in connection with subscriptions for Shares shall be sent directly to NCPS, and NCPS has agreed to accept, hold, and disburse such funds deposited with it thereon in accordance with the terms of this Escrow Agreement and in compliance with the Securities Exchange Act of 1934 Rule 15(c)2-4 and related SEC guidance and FINRA rules.

D. In order to establish the escrow of funds and to effect the provisions of the Offering Document, the parties hereto have entered into this Escrow Agreement.

E. The parties to this agreement agree to the Transmittal of Funds for Deposit Into the Escrow Account procedures located in Exhibit B.

**STATEMENT OF AGREEMENT**

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, for themselves, their successors and assigns, hereby agree as follows:

1. <u>Definitions.</u> In addition to the terms defined above, the following terms shall have the following meanings when used herein:

"Business Days" shall mean days when banks are open for business in the State of Delaware.

"Cash Investment" shall mean the number of Shares to be purchased by any Subscriber multiplied by the offering price per Share as set forth in the Offering Document.

"Cash Investment Instrument" shall mean an Automated Clearing House ("ACH"), made payable to or endorsed to NCPS in the manner described in <u>Section 3(c)</u> hereof, in full payment for the Shares to be purchased by any Subscriber.

"Escrow Funds" shall mean the funds deposited with NCPS pursuant to this Escrow Agreement.

"Expiration Date" means the date so designated on <u>Exhibit A</u>.

"Minimum Offering" shall mean the number Shares so designated on <u>Exhibit A</u> hereto.

"Minimum Offering Notice" shall mean a written notification, signed by Broker, pursuant to which the Broker shall represent (1) that subscriptions for the Minimum Offering have been received, (2) that, to the best of Broker's knowledge after due inquiry and review of its records, Cash Investment Instruments in full payment for that number of Shares equal to or greater than the Minimum Offering have been received, deposited with and collected by NCPS, (3) and that such subscriptions have not been withdrawn, rejected or otherwise terminated, and (4) that the Subscribers have no statutory or regulatory rights of rescission without cause or all such rights have expired.

"Subscription Accounting" shall mean an accounting of all subscriptions for Shares received and accepted by Broker as of the date of such accounting, indicating for each subscription the Subscriber's name, social security number and address, the number and total purchase price of subscribed Securities, the date of receipt by Broker of the Cash Investment Instrument, and notations of any nonpayment of the Cash Investment Instrument submitted with such subscription, any withdrawal of such subscription by the Subscriber, any rejection of such subscription by Broker, or other termination, for whatever reason, of such subscription.

2. <u>Appointment of and Acceptance by NCPS.</u> Issuer, Broker hereby appoint NCPS to serve as Escrow Agent hereunder, and NCPS hereby accepts such appointment in accordance with the terms of this Escrow Agreement.

3. <u>Deposits into Escrow</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. All Cash Investment Instruments shall be delivered directly to NCPS for deposit into the Escrow Account described on <u>Exhibit B</u> hereto. Each such deposit shall be accompanied by the following documents:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) a report containing such Subscriber's name, social security number or taxpayer identification number, address and other information required for withholding purposes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) a Subscription Accounting; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) written instructions regarding the investment of such deposited funds in accordance with <u>Section 6</u> hereof.

ALL FUNDS SO DEPOSITED SHALL REMAIN THE PROPERTY OF THE SUBSCRIBERS ACCORDING TO THEIR RESPECTIVE INTERESTS AND SHALL NOT BE SUBJECT TO ANY LIEN OR CHARGE BY NCPS OR BY JUDGMENT OR CREDITORS' CLAIMS AGAINST ISSUER UNTIL RELEASED OR ELIGIBLE TO BE RELEASED TO ISSUER IN ACCORDANCE WITH <u>SECTION 4(a)</u> HEREOF.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Broker and Issuer understand and agree that all Cash Investment Instruments received by NCPS hereunder are subject to collection requirements of presentment and final payment. Upon receipt, NCPS shall process each Cash Investment Instrument for collection, and the proceeds thereof shall be held as part of the Escrow Funds until disbursed in accordance with <u>Section 4</u> hereof. If, upon presentment for payment, any Cash Investment Instrument is dishonored, NCPS's sole obligation shall be to notify Broker of such dishonor and to return such Cash Investment Instrument to the Investor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable. Notwithstanding the foregoing, if for any reason any Cash Investment Instrument is uncollectible after payment or disbursement of the funds represented thereby has been made by NCPS, Issuer shall immediately reimburse NCPS upon receipt from NCPS of written notice thereof.

Upon receipt of any Cash Investment Instrument that represents payment of an amount less than or greater than the Cash Investment, NCPS's sole obligation shall be to notify Issuer and Broker, depending upon the source of the of the Cash Investment Instrument, of such fact and to return such Cash Investment Instrument to the Investor should NCPS have Investor information sufficient to effect such a return or to Broker should sufficient Investor information be unavailable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. All Cash Investment Instruments shall be made payable to the order of, or endorsed to the order of, "NCPS / _______________________________-Escrow Account," and NCPS shall not be obligated to accept, or present for payment, any Cash Investment Instrument that is not payable or endorsed in that manner.

4. <u>Disbursements of Escrow Funds.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. <u>Completion of Offering</u>. Subject to the provisions of <u>Section 10</u> hereof, NCPS shall pay to Issuer the liquidated value of the Escrow Funds, by wire no later than one (1) business day following receipt of the following documents:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) A Minimum Offering Notice;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Subscription Accounting Spreadsheet substantiating the sale of the Minimum Offering and maintained by the sponsor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Instruction Letter (as defined below); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) Such other certificates, notices or other documents as NCPS shall reasonably require.

NCPS shall disburse the Escrow Funds by wire from the Escrow Account in accordance with joint written instructions signed by both the Issuer, Broker as to the disbursement of such funds (the "Instruction Letter") in accordance with this <u>Section 4(a).</u> Notwithstanding the foregoing, NCPS shall not be obligated to disburse the Escrow Funds to Issuer if NCPS has reason to believe that (a) Cash Investment Instruments in full payment for that number of Securities equal to or greater than the Minimum Offering have not been received, deposited with and collected by NCPS, or (b) any of the certifications and opinions set forth in the Minimum Offering Notice are incorrect or incomplete.

After the initial disbursement of Escrow Funds to Issuer pursuant to this <u>Section 4(a),</u> NCPS shall pay to Issuer any additional funds received with respect to the Securities, by wire, promptly after receipt. Additional disbursements shall be subject to the issuer providing the following documentation:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Subscription Accounting Spreadsheet substantiating the sale
of the Minimum Offering which shall be made available for electronic access to Issuer by NCPS;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2) Instruction Letter (as defined above) from Issuer; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Such other certificates, notices or other documents as NCPS shall reasonably require.

*It is understood that any ACH transaction must comply with U. S. laws and NACHA rules. However, NCPS is not responsible for errors in the completion, accuracy, or timeliness of any transfer properly initiated by NCPS in accordance with joint written instructions occasioned by the acts or omissions of any third party financial institution or a party to the transaction, or the insufficiency or lack of availability of your funds on deposit in an external account.* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. <u>Rejection of Any Subscription or Termination of the Offering.</u> No later than three (3) business days after receipt by NCPS of written notice (i) from Issuer that the Issuer intends to reject a Subscriber's subscription, (ii) from Issuer, Broker that there will be no closing of the sale of Securities to Subscribers, (iii) from any federal or state regulatory authority that any application by Issuer to conduct a banking business has been denied, or (iv) from the Securities and Exchange Commission or any other federal or state regulatory authority that a stop or similar order has been issued with respect to the Offering Document and has remained in effect for at least twenty (20) days, NCPS shall pay to the applicable Subscriber(s), by ACH, the amount of the Cash Investment paid by each Subscriber.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. <u>Expiration of Offering Period.</u> Notwithstanding anything to the contrary contained herein, if NCPS shall not have received a Minimum Offering Notice on or before the Expiration Date, NCPS shall, within three (3) business days after such Expiration Date and without any further instruction or direction from Broker or Issuer, return to each Subscriber, by ACH, the Cash Investment made by such Subscriber.

5. <u>Suspension of Performance or Disbursement Into Court</u>. If, at any time, (i) there shall exist any dispute between Broker, Issuer, NCPS, any Subscriber or any other person with respect to the holding or disposition of all or any portion of the Escrow Funds or any other obligations of NCPS hereunder, or (ii) if at any time NCPS is unable to determine, to NCPS's reasonable satisfaction, the proper disposition of all or any portion of the Escrow Funds or NCPS's proper actions with respect to its obligations hereunder, or (iii) if Broker and Issuer have not within 30 days of the furnishing by NCPS of a notice of resignation pursuant to <u>Section 7</u> hereof appointed a successor NCPS to act hereunder, then NCPS may, in its reasonable discretion, take either or both of the following actions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. suspend the performance of any of its obligations (including without limitation any disbursement obligations) under this Escrow Agreement until such dispute or uncertainty shall be resolved to the sole satisfaction of NCPS or until a successor NCPS shall have been appointed (as the case may be).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. petition (by means of an interpleader action or any other appropriate method) any court of competent jurisdiction in any venue convenient to NCPS, for instructions with respect to such dispute or uncertainty, and to the extent required or permitted by law, pay into such court all funds held by it in the Escrow Funds for holding and disposition in accordance with the instructions of such court.

NCPS shall have no liability to Broker, Issuer, any Subscriber or any other person with respect to any such suspension of performance or disbursement into court, specifically including any liability or claimed liability that may arise, or be alleged to have arisen, out of or as a result of any delay in the disbursement of the Escrow Funds or any delay in or with respect to any other action required or requested of NCPS.

6. <u>Investment of Funds.</u> NCPS will not commingle Escrow Funds received by it in escrow with funds of others and shall not invest such Escrow Funds. The Escrow Funds will be held in a non-interest bearing account.

7. <u>Resignation of NCPS.</u> NCPS may resign and be discharged from the performance of its duties hereunder at any time by giving fifteen (15) business days prior written notice to the Broker and the Issuer specifying a date when such resignation shall take effect. Upon any such notice of resignation, the Broker and Issuer jointly shall appoint a successor NCPS hereunder prior to the effective date of such resignation. The retiring NCPS shall transmit all records pertaining to the Escrow Funds and shall pay all Escrow Funds to the successor NCPS, after making copies of such records as the retiring NCPS deems advisable. After any retiring NCPS's resignation, the provisions of this Escrow Agreement shall inure to its benefit as to any actions taken or omitted to be taken by it while it was escrow agent under this Escrow Agreement. Any corporation or association into which NCPS may be merged or converted or with which it may be consolidated shall be the escrow agent under this Escrow Agreement without further act.

8. <u>Liability of NCPS.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. NCPS undertakes to perform only such duties as are expressly set forth herein and no duties shall be implied. NCPS shall have no liability under and no duty to inquire as to the provisions of any agreement other than this Escrow Agreement, including without limitation the Offering Document. NCPS shall not be liable for any action taken or omitted by it in good faith except to the extent that a court of competent jurisdiction determines that NCPS's gross negligence or willful misconduct was the primary cause of any loss to the Issuer, Broker or any Subscriber. NCPS's sole responsibility shall be for the safekeeping and disbursement of the Escrow Funds in accordance with the terms of this Escrow Agreement. NCPS shall have no implied duties or obligations and shall not be charged with knowledge or notice of any fact or circumstance not specifically set forth herein. NCPS may rely upon any notice, instruction, request or other instrument, not only as to its due execution, validity and effectiveness, but also as to the truth and accuracy of any information contained therein, which NCPS shall believe to be genuine and to have been signed or presented by the person or parties purporting to sign the same. In no event shall NCPS be liable for incidental, indirect, special, consequential or punitive damages (including, but not limited to lost profits), even if NCPS has been advised of the likelihood of such loss or damage and regardless of the form of action. NCPS shall not be obligated to take any legal action or commence any proceeding in connection with the Escrow Funds, any account in which Escrow Funds are deposited, this Escrow Agreement or the Offering Document, or to appear in, prosecute or defend any such legal action or proceeding. Without limiting the generality of the foregoing, NCPS shall not be responsible for or required to enforce any of the terms or conditions of any subscription agreement with any Subscriber or any other agreement between Issuer, Broker and/or any Subscriber. NCPS shall not be responsible or liable in any manner for the performance by Issuer or any Subscriber of their respective obligations under any subscription agreement nor shall NCPS be responsible or liable in any manner for the failure of Issuer, Broker or any third party (including any Subscriber) to honor any of the provisions of this Escrow Agreement. NCPS may consult legal counsel selected by it in the event of any dispute or question as to the construction of any of the provisions hereof or of any other agreement or of its duties hereunder, or relating to any dispute involving any party hereto, and shall incur no liability and shall be fully indemnified from any reasonable liability whatsoever in acting in accordance with the reasonable opinion or instruction of such counsel. Issuer shall promptly pay, upon demand, the reasonable fees and expenses of any such counsel.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. NCPS is authorized, in its sole discretion, to comply with orders issued or process entered by any court with respect to the Escrow Funds, without determination by NCPS of such court's jurisdiction in the matter. If any portion of the Escrow Funds is at any time attached, garnished or levied upon under any court order, or in case the payment, assignment, transfer, conveyance or delivery of any such property shall be stayed or enjoined by any court order, or in case any order, judgment or decree shall be made or entered by any court affecting such property or any part thereof, then and in any such event, NCPS is authorized, in its reasonable discretion, to rely upon and comply with any such order, writ, judgment or decree which it is advised by legal counsel selected by it is binding upon it without the need for appeal or other action; and if NCPS complies with any such order, writ, judgment or decree, it shall not be liable to any of the parties hereto or to any other person or entity by reason of such compliance even though such order, writ, judgment or decree may be subsequently reversed, modified, annulled, set aside or vacated. Notwithstanding the foregoing, NCPS shall provide the Issuer, Broker with immediate notice of any such court order or similar demand and the opportunity to interpose an objection or obtain a protective order.

9. <u>Indemnification of NCPS.</u> From and at all times after the date of this Escrow Agreement, Issuer shall, to the fullest extent permitted by law, defend, indemnify and hold harmless NCPS and each director, officer, employee, attorney, agent and affiliate of NCPS (collectively, the "Indemnified Parties") against any and all actions, claims (whether or not valid), losses, damages, liabilities, costs and expenses of any kind or nature whatsoever (including without limitation reasonable attorneys' fees, costs and expenses) incurred by or asserted against any of the Indemnified Parties from and after the date hereof, whether direct, indirect or consequential, as a result of or arising from or in any way relating to any claim, demand, suit, action or proceeding (including any inquiry or investigation) by any person, including without limitation Issuer, Broker whether threatened or initiated, asserting a claim for any legal or equitable remedy against any person under any statute or regulation, including, but not limited to, any federal or state securities laws, or under any common law or equitable cause or otherwise, arising from or in connection with the negotiation, preparation, execution, performance or failure of performance of this Escrow Agreement or any transactions contemplated herein, whether or not any such Indemnified Party is a party to any such action, proceeding, suit or the target of any such inquiry or investigation; provided, however, that no Indemnified Party shall have the right to be indemnified hereunder for any liability finally determined by a court of competent jurisdiction, subject to no further appeal, to have resulted from the gross negligence or willful misconduct of such Indemnified Party. Each Indemnified Party shall, in its sole discretion, have the right to select and employ separate counsel with respect to any action or claim brought or asserted against it, and the reasonable fees of such counsel shall be paid upon demand by the Issuer. The obligations of Issuer under this <u>Section 9</u> shall survive any termination of this Escrow Agreement and the resignation or removal of NCPS.

10. <u>Compensation to NCPS.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. <u>Fees and Expenses.</u> Issuer shall compensate NCPS for its services hereunder in accordance with <u>Exhibit A</u> attached hereto and, in addition, shall reimburse NCPS for all of its reasonable pre-approved out-of-pocket expenses, including attorneys' fees, travel expenses, telephone and facsimile transmission costs, postage (including express mail and overnight delivery charges), copying charges and the like. The additional provisions and information set forth on <u>Exhibit A</u> are hereby incorporated by this reference, and form a part of this Escrow Agreement. All of the compensation and reimbursement obligations set forth in this <u>Section 10</u> shall be payable by Issuer upon demand by NCPS. The obligations of Issuer under this <u>Section 10</u> shall survive any termination of this Escrow Agreement and the resignation or removal of NCPS.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. <u>Disbursements from Escrow Funds to Pay NCPS.</u> NCPS is authorized to and may disburse from time to time, to itself or to any Indemnified Party from the Escrow Funds (but only to the extent of Issuer's rights thereto), the amount of any compensation and reimbursement of out-of-pocket expenses due and payable hereunder (including any amount to which NCPS or any Indemnified Party is entitled to seek indemnification pursuant to <u>Section 9</u> hereof). NCPS shall notify Issuer of any disbursement from the Escrow Funds to itself or to any Indemnified Party in respect of any compensation or reimbursement hereunder and shall furnish to Issuer copies of all related invoices and other statements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. <u>Security and Offset</u>. Issuer hereby grants to NCPS and the Indemnified Parties a security interest in and lien upon the Escrow Funds (to the extent of Issuer's rights thereto) to secure all obligations hereunder, and NCPS and the Indemnified Parties shall have the right to offset the amount of any compensation or reimbursement due any of them hereunder (including any claim for indemnification pursuant to <u>Section 9</u> hereof) against the Escrow Funds (to the extent of Issuer's rights thereto.) If for any reason the Escrow Funds available to NCPS and the Indemnified Parties pursuant to such security interest or right of offset are insufficient to cover such compensation and reimbursement, Issuer shall promptly pay such amounts to NCPS and the Indemnified Parties upon receipt of an itemized invoice.

11. <u>Representations and Warranties.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Each of Broker and Issuer respectively makes the following representations and warranties to NCPS:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) It is a corporation or limited liability company duly organized, validly existing, and in good standing under the laws of the state of its incorporation or organization, and has full power and authority to execute and deliver this Escrow Agreement and to perform its obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) This Escrow Agreement has been duly approved by all necessary corporate action, including any necessary shareholder or membership approval, has been executed by its duly authorized officers, and constitutes its valid and binding agreement, enforceable in accordance with its terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) The execution, delivery, and performance of this Escrow Agreement will not violate, conflict with, or cause a default under its articles of incorporation, articles of organization or bylaws, operating agreement or other organizational documents, as applicable, any applicable law or regulation, any court order or administrative ruling or decree to which it is a party or any of its property is subject, or any agreement, contract, indenture, or other binding arrangement to which it is a party or any of its property is subject. The execution, delivery and performance of this Escrow Agreement is consistent with and accurately described in the Offering Document as set forth in <u>Sections 4(b)</u> and <u>4(c)</u> hereof, has been properly described therein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) It hereby acknowledges that the status of NCPS is that of agent only for the limited purposes set forth herein, and hereby represents and covenants that no representation or implication shall be made that NCPS has investigated the desirability or advisability of investment in the Securities or has approved, endorsed or passed upon the merits of the investment therein and that the name of NCPS has not and shall not be used in any manner in connection with the offer or sale of the Securities other than to state that NCPS has agreed to serve as escrow agent for the limited purposes set forth herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) All of its representations and warranties contained herein are true and complete as of the date hereof and will be true and complete at the time of any deposit to or disbursement from the Escrow Funds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Issuer further represents and warrants to NCPS that no party other than the parties hereto and the prospective Subscribers have, or shall have, any lien, claim or security interest in the Escrow Funds or any part thereof. No financing statement under the Uniform Commercial Code is on file in any jurisdiction claiming a security interest in or describing (whether specifically or generally) the Escrow Funds or any part thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Broker further represent and warrant to NCPS that the deposit with NCPS by NCPS of Cash Investment Instruments pursuant to <u>Section 3</u> hereof shall be deemed a representation and warranty by NCPS that such Cash Investment Instrument represents a bona fide sale to the Subscriber described therein of the amount of Securities set forth therein, subject to and in accordance with the terms of the Offering Document.

12. <u>Identifying Information</u>. Issuer and Broker acknowledge that a portion of the identifying information set forth on <u>Exhibit A</u> is being requested by NCPS in connection with the USA Patriot Act, Pub.L.107-56 (the "Act"). To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. For a non-individual person such as a business entity, a charity, a Trust, or other legal entity, we ask for documentation to verify its formation and existence as a legal entity. We may also ask to see financial statements, licenses, identification and authorization documents from individuals claiming authority to represent the entity or other relevant documentation.

13. <u>Compliance with Privacy Laws</u>. NCPS represents and warrants that its collection, access, use, storage, disposal and disclosure of Personal Data does and will comply with all applicable federal and state privacy and data protection laws, as well as all other applicable regulations. Without limiting the foregoing, NCPS shall implement administrative, physical and technical safeguards to protect Personal Data that are no less rigorous than accepted industry, and shall ensure that all such safeguards, including the manner in which Personal Data is collected, accessed, used, stored, processed, disposed of and disclosed, comply with applicable data protection and privacy laws, as well as the terms and conditions of this Escrow Agreement. NCPS shall use and disclose Personal Data solely and exclusively for the purposes for which the Personal Data, or access to it, is provided pursuant to the terms and conditions of this Escrow Agreement, and not use, sell, rent, transfer, distribute, or otherwise disclose or make available Personal Data for NCPS's own purposes or for the benefit of any party other than Issuer. For purposes of this section, "Personal Data" shall mean information provided to NCPS by or at the direction of the Issuer, or to which access was provided to NCPS by or at the direction of the Issuer, in the course of NCPS's performance under this Escrow Agreement that: (i) identifies or can be used to identify an individual (also known as a "data subject") (including, without limitation, names, signatures, addresses, telephone numbers, e-mail addresses and other unique identifiers); or (ii) can be used to authenticate an individual (including, without limitation, employee identification numbers, government-issued identification numbers, passwords or PINs, financial account numbers, credit report information, biometric or health data, answers to security questions and other personal identifiers), including the identifying information on individuals described in Section 12.

13. <u>Consent to Jurisdiction and Venue.</u> In the event that any party hereto commences a lawsuit or other proceeding relating to or arising from this Escrow Agreement, the parties hereto agree that the United States District Court for the State of Utah shall have the sole and exclusive jurisdiction over any such proceeding. If such court lacks federal subject matter jurisdiction, the parties agree that the Circuit Court in and for State of Utah shall have sole and exclusive jurisdiction. Any of these courts shall be proper venue for any such lawsuit or judicial proceeding and the parties hereto waive any objection to such venue. The parties hereto consent to and agree to submit to the jurisdiction of any of the courts specified herein and agree to accept service of process to vest personal jurisdiction over them in any of these courts.

14. <u>Notice.</u> All notices, approvals, consents, requests, and other communications hereunder shall be in writing and shall be deemed to have been given when the writing is delivered if given or delivered by hand, overnight delivery service or facsimile transmitter (with confirmed receipt) to the address or facsimile number set forth on <u>Exhibit A</u> hereto, or to such other address as each party may designate for itself by like notice, and shall be deemed to have been given on the date deposited in the mail, if mailed, by first-class, registered or certified mail, postage prepaid, addressed as set forth on <u>Exhibit A</u> hereto, or to such other address as each party may designate for itself by like notice.

15. <u>Amendment or Waiver.</u> This Escrow Agreement may be changed, waived, discharged or terminated only by a writing signed by Broker, Issuer and NCPS. No delay or omission by any party in exercising any right with respect hereto shall operate as a waiver. A waiver on any one occasion shall not be construed as a bar to, or waiver of, any right or remedy on any future occasion.

16. <u>Severability</u>. To the extent any provision of this Escrow Agreement is prohibited by or invalid under applicable law, such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Escrow Agreement.

17. <u>Governing Law.</u> This Escrow Agreement shall be construed and interpreted in accordance with the internal laws of the State of Delaware without giving effect to the conflict of laws principles thereof.

18. <u>Entire Agreement.</u> This Escrow Agreement constitutes the entire agreement between the parties relating to the acceptance, collection, holding, investment and disbursement of the Escrow Funds and sets forth in their entirety the obligations and duties of NCPS with respect to the Escrow Funds.

19. <u>Binding Effect</u>. All of the terms of this Escrow Agreement, as amended from time to time, shall be binding upon, inure to the benefit of and be enforceable by the respective successors and assigns of Broker, Issuer and NCPS.

20. <u>Execution in Counterparts.</u> This Escrow Agreement may be executed in two or more counterparts, which when so executed shall constitute one and the same agreement.

21. <u>Termination</u>. Upon the first to occur of the disbursement of all amounts in the Escrow Funds or deposit of all amounts in the Escrow Funds into court pursuant to <u>Section 5</u> or <u>Section 8</u> hereof, this Escrow Agreement shall terminate and NCPS shall have no further obligation or liability whatsoever with respect to this Escrow Agreement or the Escrow Funds.

**THIS SPACE INTENTIONALLY LEFT BLANK**

22. <u>Dealings</u>. NCPS and any stockholder, director, officer or employee of NCPS may buy, sell, and deal in any of the securities of the Issuer and become pecuniary interested in any transaction in which the Issuer may be interested, and contract and lend money to the Issuer and otherwise act as fully and freely as though it were not NCPS under this Escrow Agreement. Nothing herein shall preclude NCPS from acting in any other capacity for the Issuer or any other entity.

IN WITNESS WHEREOF, the parties hereto have caused this Escrow Agreement to be executed under seal as of the date first above written.

---

| |
|:---|
| ISSUER: |
| By: _______________________________ |
| Printed Name: _______________________ |
| Title: _____________ |
| Broker: |
| Dalmore Group LLC |
| By: ______________________________ |
| Name: Etan Butler |
| Title: Chairman |
| ESCROW AGENT: |
| North Capital Privates Securities Corporation |
| By: ______________________________ |
| Name: Linsey Harkness |
| Title: Director of Operations |

---

**<u>EXHIBIT A</u>**

---

| | | |
|:---|:---|:---|
| 1. | <u>Definitions</u>. | "Minimum Offering" means $__________________ (including offline investments) per each Series. |
|  |  | "Expiration Date" means twelve months from the effective date of this Agreement. |

---

2. <u>ACH Instructions For North Capital Private Securities, Inc.</u> 

**Institution:** TRISTATE CAPITAL BANK

**ABA**: [_]

**Account Name**: North Capital Private Securities, Corp

**Account Number:** [_]

**FFC:** OFFERING NAME AND INVESTOR NAME

(Instructions should be requested from NCPS prior to any international wire being initiated.)

3. <u>NCPS Fees</u> 

---

| | |
|:---|:---|
| Escrow Administration Fee: | $500 per crowd funding sub account. |
| Out-of-Pocket Expenses: | Billed at cost |
| Escrow Amendment: | $100.00 per amendment |
| Transactional Costs: | $100.00 for each additional escrow break |

---

The Escrow Administration Fee is payable upon execution of the escrow documents. In the event the escrow is not funded, the Fee and all related expenses, including attorneys' fees, remain due and payable, and if paid, will not be refunded. Annual fees cover a full year in advance, or any part thereof, and thus are not pro-rated in the year of termination.

The fees quoted in this schedule apply to services ordinarily rendered in the administration of an Escrow Account and are subject to reasonable adjustment based on final review of documents, or when NCPS is called upon to undertake unusual duties or responsibilities, or as changes in law, procedures, or the cost of doing business demand. Services in addition to and not contemplated in this Escrow Agreement, including, but not limited to, document amendments and revisions, non-standard cash and/or investment transactions, calculations, notices and reports, and legal fees, will be billed as extraordinary expenses and capped at $5,000.

Extraordinary fees are payable to NCPS for duties or responsibilities not expected to be incurred at the outset of the transaction, not routine or customary, and not incurred in the ordinary course of business. Payment of extraordinary fees is appropriate where particular inquiries, events or developments are unexpected, even if the possibility of such things could have been identified at the inception of the transaction.

Unless otherwise indicated, the above fees relate to the establishment of one escrow account. Additional sub-accounts governed by the same Escrow Agreement may incur an additional charge. Transaction costs include charges for wire transfers, internal transfers and securities transactions.

4. <u>Notice Addresses.</u> 

If to Issuer at:

ATTN:

Telephone: ____________________

E-mail:

---

| | |
|:---|:---|
| If to NCPS at: | North Capital Private Securities Corp |
|  | 623 E Ft. Union Blvd, Suite 101 |
|  | Salt Lake City, UT 84047 |
|  | ATTN: Linsey Harkness |
|  | Telephone: [_] |
|  | E-mail: [_] |

---

**<u>EXHIBIT B</u>**

Transmittal of Funds for Deposit Into the Escrow Account

The Selected Dealer agrees that it is bound by the terms of the Escrow Agreement executed by North Capital Private Securities. ACH transfers are the only acceptable method of payment for this offering. ACH and transfers should be sent directly to the Escrow Agent.

The delivery instructions are as follows:

1. <u>ACH Instructions For North Capital Private Securities, Inc.</u> 

**Institution:** TRISTATE CAPITAL BANK

**ABA**: [_]

**Account Name**: North Capital Private Securities, Corp

**Account Number:** [-]

**FFC:** OFFERING NAME AND INVESTOR NAME

## Ex1A-11

**Exhibit 11**

![](ex11_001.jpg)

**Consent of Independent Registered Public Accounting Firm**

We hereby consent to the inclusion in this Offering Statement on Form 1-A of Royalty Traders, LLC. (the "Company") to be filed on or about March 3, 2026 of our report, dated January 28, 2026, on our audit of the Company's financial statements as of and for the year ended December 31, 2024.

![](ex11_002.jpg)

Nashville, Tennessee

March 3, 2026

**cbh.com**

## Ex1A-12

**Exhibit 12**

![](ex12_001.jpg)

CrowdCheck Law LLP

700 12<sup>th</sup> Street NW, Suite 700

Washington, DC 20005

March 4, 2026

Attn: SAJA LLC, Manager

RoyaltyTraders LLC dba SongVest

1053 East Whitaker Mill Rd., Suite 115

Raleigh, NC 27604

To the Manager:

We are acting as counsel to RoyaltyTraders LLC (the "***Company***") with respect to the preparation and filing of an Offering Statement on Form 1-A (the "***Offering Statement***"). The Offering Statement covers the contemplated sale of units (the "***Royalty Share Units***") representing the contractual right to receive a portion of any royalty revenues from the music portfolio underlying a specified royalty sharing agreement (a "***Royalty Share Agreement***") as set forth on Schedule 1 hereto (each, an "***Offering***").

The Royalty Share Units will be purchased and sold pursuant to a subscription agreement as set forth in Part III of the Offering Statement (the "***Subscription Agreement***"), and as entered into (or to be entered into) between the Company and each purchaser of the Royalty Share Units ("***Purchasers***").

In connection with the opinion contained herein, we have examined the Offering Statement, the certificate of formation of the Company, its Amended and Restated Limited Liability Company Operating Agreement, the Subscription Agreement, and the Royalty Share Agreement specific to each Offering, as well as all other documents necessary to render an opinion. In our examination, we have assumed the legal capacity of all natural persons, the genuineness of all signatures, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as certified or photostatic copies and the authenticity of the originals of such copies. Additionally, in rendering the opinions set forth below, we have assumed that each Purchaser has the legal capacity or power, corporate or other, to enter into and perform all such obligations under the Subscription Agreement.

We are opining herein as to the effect on the subject transactions only of the laws of the State of Delaware, and we express no opinion with respect to the applicability thereto, or the effect thereon, of the laws of any other jurisdiction, including federal law.

Based upon the foregoing, we are of the opinion that the Royalty Share Units being sold pursuant to the Offering Statement have been authorized by all necessary limited liability company actions of the Company and, when paid for by and delivered to the Purchasers in accordance with the terms set forth in the Offering Statement, will be valid, binding obligations of the Company in accordance with the terms therein.

No opinion is being rendered hereby with respect to the truth and accuracy, or completeness of the Offering Statement or any portion thereof.

We further consent to the use of this opinion as an exhibit to the Offering Statement.

---

| |
|:---|
| Yours truly, |
| */s/ CrowdCheck Law LLP* |
| AS |

---

**SCHEDULE 1**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Royalty Share Unit Name** | **Underlying<br> Portfolio(s)** | **Offering<br> Price per<br> Unit** | **Minimum<br> Offering<br> Amount** | **Maximum<br> Offering<br> Amount** | **Maximum<br> Units** |
| "No Scrubs – TLC Version" (Series 3) | "No Scrubs – TLC Version" Sound Recording Owner's Share | $30 | $– $| 56640 | 1888 |
| "Creep – TLC Version" (Series 3) | "Creep – TLC Version" Sound Recording Owner's Share | $30 | $– $| 73200 | 2440 |
| Beyonce – "Radio" (Series 2) | "Beyonce's Radio" Producer's Share | $36 | $– $| 28908 | 803 |
| Beyonce – "Countdown and More" (Series 3) | Beyonce – "Countdown and More" Writer's Share | $72 | $– $| 3960 | 55 |
| "Young Thug – Best Friend" (Series 2) | "Best Friend" Writer's Share | $36 | $– $| 10224 | 284 |
| Queen - "Under Pressure" (Series 2) | "Under Pressure" Producer's Share | $98 | $– $| 90650 | 925 |
| Queen - "I Want It All (Series 2)" | "I Want It All Producer's Share | $98 | $– $| 147294 | 1503 |
| Queen - "The Show Must Go On" (Series 2) | "The Show Must Go On" Producer's Share | $98 | $– $| 111132 | 1134 |
| Queen - "Bohemian Rhapsody Soundtrack" (Series 2) | "Bohemian Rhapsody Soundtrack" Producer's Share | $98 | $– $| 27832 | 284 |
| Queen - "A Kind of Magic" (Series 2) | "A Kind of Magic" Producer's Share | $98 | $– $| 126616 | 1292 |
| Duran Duran – "Ordinary World" (Series 2) | "Duran Duran's Ordinary World" Sound Recording Owner's Share | $63 | $– $| 17451 | 277 |
| Duran Duran – "Come Undone" (Series 2) | "Duran Duran's Come Undone" Sound Recording Owner's Share | $63 | $– $| 12285 | 195 |
| Taboo (feat. Angelica Nicole) - "Stand Strong" | Taboo (feat. Angelica Nicole) - "Stand Strong" Artist's Share of Sound Recording Royalties | $25 | $– $| 126000 | 5040 |
| "Chris Brown – Go Crazy" | Chris Brown - "Go Crazy" Writer's Share of Public Performance Royalties | $63 | $– $| 298852 | 4744 |
| Jeremih - "Birthday Sex" | Jeremih - "Birthday Sex" Publisher's Share of Performance and Mechanical Royalties | $63 | $– $| 328167 | 5209 |
| Sean Paul (feat. Dua Lipa) - "No Lie" | Sean Paul (feat. Dua Lipa) - "No Lie" Writer's Share of Public Performance Royalties | $63 | $– $| 242424 | 3848 |
| Jason Derulo (feat. French Montana) - "Tip Toe" | Jason Derulo (feat. French Montana) - "Tip Toe" Writer's Share of Public Performance Royalties | $63 | $– $| 39627 | 629 |
| Chris Brown & Pitbull - Vol.1 | Chris Brown & Pitbull - Vol.1 Writer's Share of Public Performance Royalties | $63 | $– $| 40635 | 645 |
| Bebe Rexha, Drake & Nelly Furtado - Vol. 1 | Bebe Rexha, Drake & Nelly Furtado - Vol. 1 Writer's Share of Public Performance Royalties | $63 | $– $| 87570 | 1390 |
| The Struts – "Body Talks" | The Struts "Body Talks" – Writer's Share of Public Performance Royalties | $63 | $– $| 20790 | 330 |
| Dua Lipa – "Blow Your Mind" | Dua Lipa – "Blow Your Mind" Writer's Share of Public Performance Royalties | $63 | $– $| 119637 | 1899 |
| Kat Dahlia – "I Think I'm In Love" | Kat Dahlia "I Think I'm In Love" Writer's Share of Public Performance Royalties | $63 | $– $| 41454 | 658 |
| One Direction – "Nobody Compares & Last First Kiss" | One Direction – "Nobody Compares & Last First Kiss" Producer's Share of Sound Recording Royalties | $63 | $– $| 22176 | 352 |
| One Direction – "Kiss You" | One Direction – "Kiss You" Producer's Share of Sound Recording Royalties | $63 | $– $| 59850 | 950 |
| One Direction – "Live While We're Young" | One Direction – "Live While We're Young" Producer's Share of Sound Recording Royalties | $63 | $– $| 54558 | 866 |
| Rachel Platten – "Better Place" | Rachel Platten – "Better Place" Sound Recording Producer's Share | $63 | $– $| 43281 | 687 |
| Rachel Platten – "Stand by You" | Rachel Platten – "Stand by You" Sound Recording Producer's Share | $63 | $– $| 74151 | 1177 |
| Rachel Platten – "Fight Song" | Rachel Platten – "Fight Song" Producer's Share of Sound Recording Royalties | $63 | $– $| 244125 | 3875 |
| Arianna Grande & Lady Gaga – "Rain On Me" | Arianna Grande & Lady Gaga – "Rain On Me" Writer's Share of Public Performance Royalties | $63 | $– $| 318465 | 5055 |
| Kenny G. & Luther Vandross - Vol. 1 | Kenny G & Luther Vandross - Vol. 1 Producer's Share of Sound Recording Royalties | $63 | $– $| 24444 | 388 |
| Michael Bolton – Vol. 1 | Michael Bolton - Vol. 1 Producer's Share of Sound Recording Royalties | $63 | $– $| 37863 | 601 |
| Michael Bolton – Vol. 2 | Michael Bolton - Vol. 2 Producer's Share of Sound Recording Royalties | $63 | $– $| 33075 | 525 |
| Mariah Carey – "Without You" | Mariah Carey - "Without You" Producer's Share of Sound Recording Royalties | $63 | $– $| 65079 | 1033 |
| Mariah Carey – "Hero" | Mariah Carey - "Hero" Producer's Share of Sound Recording Royalties | $63 | $– $| 59535 | 945 |
| Mariah Carey – "One Sweet Day" | Mariah Carey - "One Sweet Day" Producer's Share of Sound Recording Royalties | $63 | $– $| 40194 | 638 |
| Mariah Carey – "Love Takes Time" | Mariah Carey - "Love Takes Time" Producer's Share of Sound Recording Royalties | $63 | $– $| 24885 | 395 |
| Mariah Carey – Vol. 1 | Mariah Carey - Vol. 1 Producer's Share of Sound Recording Royalties | $63 | $– $| 49770 | 790 |

---

## Ex1A-13

**Exhibit 13**

![](ex13-1_001.jpg)

![](ex13-1_002.jpg)

![](ex13-1_003.jpg)

![](ex13-1_004.jpg)

![](ex13-1_005.jpg)

![](ex13-1_006.jpg)

![](ex13-1_007.jpg)

![](ex13-1_008.jpg)

![](ex13-1_009.jpg)

![](ex13-1_010.jpg)

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 1-A

### REGULATION A OFFERING STATEMENT
### UNDER THE SECURITIES ACT OF 1933

### Item 1. Issuer Information

**Exact name of issuer:** RoyaltyTraders LLC

**Jurisdiction of Incorporation/Organization:** DE

**Year of Incorporation:** 2021

**CIK:** 0001855626

**I.R.S. Employer Identification Number:** 86-2712690

**Primary Standard Industrial Classification Code:** 6794

**Total number of full-time employees:** 0

**Total number of part-time employees:** 0

**Address of Principal Executive Offices:** 1053 East Whitaker Mill Rd., Suite 115, Raleigh, NC 27604

**Company Phone:** 919-276-5454

**Person to contact:** Andrew Stephenson

### Financial Statements

**Balance Sheet Information**

| Metric                                   | Amount     |
|:---|:---|
| Cash and Cash Equivalents                | $66643.00  |
| Investment Securities                    | $0.00      |
| Accounts and Notes Receivable            | $41394.00  |
| Property, Plant and Equipment (PP&E)     | $56239.00  |
| Total Assets                             | $164276.00 |
| Accounts Payable and Accrued Liabilities | $99584.00  |
| Long-Term Debt                           | $100000.00 |
| Total Liabilities                        | $199584.00 |
| Total Stockholders' Equity               | $-35308.00 |
| Total Liabilities and Equity             | $164276.00 |

**Statement of Comprehensive Income Information**

| Metric                                    | Amount     |
|:---|:---|
| Total Revenues                            | $93232.00  |
| Costs and Expenses Applicable to Revenues | $173611.00 |
| Depreciation and Amortization             | $11323.00  |
| Net Income                                | $-91702.00 |
| Earnings Per Share - Basic                | 0.00       |
| Earnings Per Share - Diluted              | 0.00       |

**Auditor Information**

| Metric          | Amount             |
|:---|:---|
| Name of Auditor | Cherry Bekaert LLP |

### Outstanding Securities

| Class            |   Outstanding |     CUSIP | Publicly Traded   |
|:---|---:|---:|:---|
| Common Units     |             0 | 000000000 | N/A               |
| Series A Units   |             0 | 000000000 | N/A               |
| Promissory Notes |        100000 | 000000000 | N/A               |

### Item 2. Issuer Eligibility
- [x] The issuer certifies that all of the statements in this part are true.

### Item 3. Application of Rule 262
- [x] The issuer certifies that it is not disqualified and has not been involved in any disqualifying event.

### Item 4. Summary Information Regarding the Offering

**Tier:** Tier2

**Financial Statement Status:** Audited

**Type of Securities Offered:** Other(describe)

**Is this a delayed or continuous offering?** Yes

**Was or is the offering to take place within one year after qualification?** Yes

**Was or is the offering to commence within two days after qualification?** No

**Is this a best efforts offering?** Yes

**Was there any solicitation of interest?** No

**Are there any resale securities by affiliates of the issuer?** No

**Offering Amounts**

| Description                                                     | Amount      |
|:---|:---|
| Number of securities offered                                    | 53749       |
| Number of securities outstanding                                | 9513        |
| Price per security                                              | $59.59      |
| Issuer's aggregate offering price                               | $3202799.00 |
| Aggregate offering price of securities held by security holders | $0.00       |
| Aggregate price of securities offered concurrently              | $0.00       |
| Total aggregate offering price                                  | $3202799.00 |

**Anticipated Fees**

| Service Provider   | Name               | Fees      |
|:---|:---|:---|
| Auditor            | Cherry Bekaert LLP | $40000.00 |
| Legal              | CrowdCheck Law LLP | $40000.00 |
| Promoters          |  |  |

**Estimated Net Proceeds to the Issuer:** $3090771.01

### Item 5. Jurisdictions in Which Securities are to be Offered

AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY, DC, PR, A0, A1, A2, A3, A4, A5, A6, A7, A8, A9, B0

### Item 6. Unregistered Securities Issued or Sold Within One Year

**Name of Such Issuer:** RoyaltyTraders LLC

**Title of Securities Issued:** No Scrubs, Creep, Beyonce's Radio, Beyonce's Countdown and More, Young Thug's Best Friend, Under Pressure, I Want It All, The Show Must Go On, Bohemian Rhapsody, A Kind of Magic, Anything At All, Ordinary World, Come Undone Royalty Share Units.

**Total Amount of Securities Issued:** 3146

**Amount of such securities sold by principal security holders:** 0

**Aggregate consideration:** $243,382 (40 "No Scrubs - TLC Version" Royalty Share Units at $120.00 per unit, 25 "Creep - TLC Version" Royalty Share Units at $120.00 per unit, 277 "Beyonce's Radio" Royalty Share Units at $36.00 per unit, 461 "Beyonce - Countdown and More" Royalty Share Units at $72.00 per unit, 268 "Young Thug's Best Friend" Royalty Share Units at $36.00 per unit, 682 "Queen - Under Pressure" Royalty Share Units at $98.00 per unit, 175 "Queen - I Want It All" Royalty Share Units at $98.00 per unit, 129 "Queen - The Show Must Go On" Royalty Share Units at $98.00 per unit, 374 "Queen - Bohemian Rhapsody Soundtrack" Royalty Share Units at $98.00 per unit, 127 "Queen - A Kind of Magic" Royalty Share Units at $98.00 per unit, 84 "Mitch Malloy - Anything At All" Royalty Share Units at $63.00 per unit, 267 "Duran Duran - Ordinary World" Royalty Share Units at $63.00 per unit, and 237 "Duran Duran - Come Undone" Royalty Share Units at $63.00 per unit.)

**Basis for aggregate consideration:** —

**Securities Act Exemption:** Regulation A