Document:

Satisfaction and Discharge of Indenture

 Exhibit 4.23 
 EXECUTION COPY 
  
  

WELLS FARGO BANK, NATIONAL ASSOCIATION 
  

			
		 	As trustee (the “Trustee”) under the Indenture, dated as of December 23, 2004, among WMG Holdings Corp., Delaware corporation (the “Company”),
Warner Music Group Corp. as guarantor (the “Guarantor”) and the Trustee, as amended prior to the date hereof.

 TO 
 WMG Holdings Corp. 
 a Delaware Corporation 

 
  

Satisfaction and Discharge of Indenture 
 Dated as of July 21, 2011 
 Discharging the Indenture, dated as of
December 23, 2004, among the Company, 
 the Guarantor and the Trustee, as amended prior to the date hereof.

  
  

 
  

 SATISFACTION AND DISCHARGE OF INDENTURE 

THIS DOCUMENT, dated as of July 21, 2011 (hereinafter referred to as “Satisfaction of Indenture”), relates to that
certain Indenture, dated as of December 23, 2004 (as amended prior to the date hereof, the “Indenture”), among WMG Holdings Corp. (the “Company”), Warner Music Group Corp. as guarantor (the
“Guarantor”) and Wells Fargo Bank, National Association., as trustee (the “Trustee”). Capitalized terms used herein but not defined herein shall have the meanings assigned to them in the Indenture. 

WHEREAS, on July 20, 2011 (the “Redemption Notice Date”), the Company delivered an irrevocable notice of redemption
(the “Redemption Notice”) relating to all of its outstanding 9.5% Senior Discount Notes due 2014 (the “Notes”) that had not been tendered to the Company and accepted by the Company for payment as of July 20,
2011 (the “Remaining Notes”); 
 WHEREAS, the Company has irrevocably deposited or caused to be deposited with
the Trustee as trust funds solely for the benefit of the Holders, cash in U.S. dollars in an amount as will be sufficient to pay and discharge the entire Indebtedness on the Remaining Notes not heretofore delivered to the Trustee for cancellation,
for principal of, and premium and accrued interest on, the Remaining Notes to August 19, 2011, the date specified in the Redemption Notice for redemption of the Remaining Notes (the “Redemption Date”); 

WHEREAS, the Company has delivered irrevocable instructions to the Trustee to apply the deposited funds toward the payment of the
principal of and premium on the Remaining Notes and accrued interest thereon to the Redemption Date; 
 WHEREAS, the Company has
delivered to the Trustee an Officers’ Certificate and Opinion of Counsel, each stating that all covenants and conditions precedent under the Indenture relating to the termination of its obligations under the Remaining Notes and the Indenture
have been complied with; and 
 WHEREAS, pursuant to Section 8.01 of the Indenture, the Company has requested the Trustee
to cancel and discharge the Indenture, and to execute and deliver to the Company this Satisfaction of Indenture; 
 NOW,
THEREFORE, THIS SATISFACTION OF INDENTURE WITNESSETH: 
 ARTICLE I 

Satisfaction and Discharge 
 The Trustee, pursuant to the provisions of Section 8.01 of the Indenture, hereby acknowledges that the Company’s obligations under the Indenture and the Remaining Notes have been satisfied and
hereby cancels the Indenture and the Remaining Notes, and the Indenture is hereby discharged and hereby ceases to be of further effect as to all Remaining Notes outstanding, except with respect to those obligations that the Indenture provides shall
survive the satisfaction and discharge thereof. 
 [Signature Page Follows] 

 IN WITNESS WHEREOF, WELLS FARGO BANK, NATIONAL ASSOCIATION has caused its corporate name to
be hereunto affixed, and this instrument to be signed by one of its responsible officers, all as of the day and year first above written. 
  

	
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,
 as Trustee

	
	 /s/ Raymond Delli Colli

	 By: Raymond Delli Colli

	 Authorized Officer

 [Signature Page to WMG Holdings Satisfaction and Discharge]Security Agreement Supplement

 Exhibit 4.24 
 EXECUTION VERSION 
 Security Agreement Supplement 

July 20, 2011 
 Wells Fargo
Bank, National Association, 
 As Collateral Agent and as an Authorized Representative 

625 Marquette Avenue 
 MAC 9311-110 

Minneapolis, MN 55479 
 Attention: Corporate
Trust Services 
 Facsimile: (612) 667-9825 
 Wells Fargo Bank, National Association 
 45 Broadway – 14th Floor 
 MAC N-266-140 
 New York, NY 10006 
 Attention: Corporate Trust Services 
 Facsimile: (212) 515-1589 

Re: WMG Acquisition Corp. 

Ladies and Gentlemen: 

Reference is made to the Security Agreement, dated as of May 28, 2009 (as amended, amended and restated, supplemented or otherwise
modified from time to time, the “Security Agreement”), made by the Grantors from time to time party thereto in favor of Wells Fargo Bank, National Association, as collateral agent for the Secured Parties (together with any successor
collateral agent, the “Collateral Agent”). Terms defined in the Security Agreement and not otherwise defined herein are used herein as defined in the Security Agreement. 

Section 1. Grant of Security. Each of the undersigned hereby grants to the Collateral Agent, for the ratable benefit of the
Secured Parties, a security interest in, all of its right, title and interest in and to all of the Collateral of the undersigned, whether now owned or hereafter acquired by the undersigned, wherever located and whether now or hereafter existing or
arising, including, without limitation, the property and assets of the undersigned set forth on the attached supplemental schedules to the Schedules to the Security Agreement. 
 Section 2. Security for Secured Obligations. The grant of a security interest in the Collateral by each of the undersigned under this Security Agreement Supplement and the Security Agreement
secures the payment of all Secured Obligations of each of the undersigned now or hereafter existing, whether direct or indirect, absolute or contingent, and whether for principal, reimbursement obligations, interest, premiums, penalties, fees,
indemnifications, contract causes of action, costs, expenses or otherwise. 
 Section 3. Supplements to Security
Agreement Schedules. Each of the undersigned has attached hereto supplemental Schedules I through V to Schedules I through V, respectively, to the Security Agreement, and each of the undersigned hereby certifies, as of the date first above

 
written, that such supplemental schedules have been prepared by the undersigned in substantially the form of the equivalent Schedules to the Security Agreement and are complete and correct in all
material respects. 
 Section 4. Representations and Warranties. Each of the undersigned hereby makes each
representation and warranty set forth in Section 2.06 of the Security Agreement (as supplemented by the attached supplemental schedules) as of the date hereof. 
 Section 5. Secured Obligations Under the Security Agreement. Each of the undersigned hereby agrees, as of the date first above written, to be bound as a Grantor by all of the terms and
provisions of the Security Agreement to the same extent as each of the other Grantors. Each of the undersigned further agrees, as of the date first above written, that each reference in the Security Agreement to an “Additional
Grantor” or a “Grantor” shall also mean and be a reference to the undersigned. 
 Section 6.
Governing Law. This Security Agreement Supplement shall be governed by, and construed in accordance with, the laws of the State of New York. 
 [Signature Page Follows] 

  
 2 

 Very truly yours, 

 

	
	GUARANTORS:
	
	J. RUBY PRODUCTIONS, INC.
	SIX-FIFTEEN MUSIC PRODUCTIONS, INC.
	 SUMMY-BIRCHARD, INC.
 ARTIST
ARENA LLC

	ATLANTIC PIX LLC
	FERRET MUSIC HOLDINGS LLC
	FERRET MUSIC LLC
	FERRET MUSIC MANAGEMENT LLC
	FERRET MUSIC TOURING LLC
	P & C PUBLISHING LLC
	ROADRUNNER RECORDS, INC.
	THE ALL BLACKS U.S.A., INC.
	T.Y.S., INC.
	WARNER MUSIC NASHVILLE LLC
	
	By: /s/ Paul Robinson
                                    
	Name: Paul Robinson
	Title: Vice President & Secretary of each of the above named entities listed under the heading Additional Guarantors and signing this agreement in such capacity on behalf
of each such entity

 [Signature Page to Security Agreement Supplement] 

 

	
	GUARANTORS (cont-d):
	
	615 MUSIC LIBRARY, LLC
	
	By: Six-Fifteen Music Productions Inc., its Sole Member
	
	By: /s/ Paul Robinson
                                        

	Name: Paul Robinson
	Title: Vice President & Secretary
	
	ARTIST ARENA INTERNATIONAL, LLC
	
	By: Artist Arena LLC, its Member
	
	By: /s/ Paul Robinson
                                        

	Name: Paul Robinson
	Title: Vice President & Secretary
	
	WMG ARTIST BRAND LLC
	
	By: Warner Music Inc., its Member
	
	By: /s/ Paul Robinson
                                        

	Name: Paul Robinson
	Title: Executive Vice President & Secretary

 [Signature Page to Security Agreement Supplement]Guarantee

 Exhibit 4.25 
 GUARANTEE 
 Warner Music Group Corp. (the “New Guarantor”) hereby
unconditionally guarantees, to the extent set forth in the Indenture dated as of July 20, 2011 (the “Indenture”) by and among WM Holdings Finance Corp., a Delaware corporation, as issuer (the “Initial Issuer”),
and Wells Fargo Bank, National Association, as Trustee, as amended by the Supplemental Indenture dated as of July 20, 2011, among WMG Holdings Corp., as successor by merger to the Initial Issuer (the “Company”) and Wells Fargo
Bank, National Association, as Trustee (such indenture, as the same may be amended, restated or supplemented from time to time, the “Indenture”), and subject to the provisions of the Indenture, (a) the due and punctual payment
of the principal of, and premium, if any, and interest on the Notes (as defined in the Indenture), when and as the same shall become due and payable, whether at maturity, by acceleration or otherwise, the due and punctual payment of interest on
overdue principal of, and premium and, to the extent permitted by law, interest, and the due and punctual performance of all other obligations of the Issuer (as defined in the Indenture) and the Company to the Holders or the Trustee, all in
accordance with the terms set forth in Article Eleven of the Indenture, and (b) in case of any extension of time of payment or renewal of any Notes or any of such other obligations, that the same will be promptly paid in full when due or
performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. 

The obligations of the New Guarantor to the Holders and to the Trustee pursuant to this Guarantee and the Indenture, are expressly set
forth in Article Eleven of the Indenture, and reference is hereby made to the Indenture for the precise terms and limitations of this Guarantee. Each Holder of a Note to which this Guarantee is endorsed, by accepting such Note, agrees to and shall
be bound by such provisions. 
 Capitalized terms used but not defined herein shall have the meanings set forth in the
Indenture. 
 [Signatures on Following Pages] 

 IN WITNESS WHEREOF, Warner Music Group Corp. has caused this Guarantee to be signed by a
duly authorized officer. 
 DATED: July 25, 2011 

 

			
	WARNER MUSIC GROUP CORP.
		
	By:	 	/s/ Paul Robinson
	Name:	 	Paul Robinson
	Title:	 	EVP & General Counsel

 [Signature Page to the Warner Music Group Guarantee of the WMG Holdings Corp. Notes]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00192-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00192-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00192-of-00352.parquet"}]]