The right to manufacture, sell, lease, license, advertise or otherwise use or dispose of in any and all fields of use, or to refrain therefrom, phonograph records containing the performances embodied in the said master recording upon such terms and conditions as Company shall desire or may agree. The right to sublease, sublicense, or lend to any person, firm or corporation matrices, mothers, stampers or copies or derivatives in any other form of the said master recording and to grant the right to any such person, firm or corporation to manufacture and sell phonograph records derived therefrom. The right to use and allow others to use the name, likeness and biography of each artist whose performance is embodied in the said master recording in connection with the advertising, publicizing or sale of phonograph records manufactured therefrom. The right to perform publicly, or to permit the public performance, by means of radio broadcast or otherwise, or to refrain therefrom, of phonograph records manufactured from the said recording. Seller agrees on behalf of itself and any company or person affiliated with Seller that no recordings derived from the master recording will be sold or manufactured by them commencing with the date of this agreement.
Seller is the performer on the master recording.
In the event that Company does not fulfill this obligation within two years from the date of this contract, Seller may purchase the master recording at the price shown in paragraph 6a. Seller retains a license to sell any existing stock in inventory and to include songs from the master recording on compilation records in order to promote and sell existing stock. This agreement shall be construed only under the laws of the State of California and it cannot be modified orally. If any part of this agreement shall be invalid or unenforceable it shall not affect the validity of the balance of this agreement. Seller subjects himself to the jurisdiction of the State of California.