Document:

SECOND SUPPLEMENTAL INDENTURE - NOTES DUE 2016

 Exhibit 4.5 
 EXECUTION VERSION 
  
  

 
 WMG ACQUISITION CORP.,

 as the Issuer, 
 the Guarantors party hereto 
 and 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 
 as Trustee 
  

 
 SECOND
SUPPLEMENTAL INDENTURE 
 Dated as of October 30, 2012 

TO 
 INDENTURE

 Dated as of July 20, 2011 
 as amended 
  

 
 9.50% Senior
Secured Notes due 2016 
  
  

 

 SECOND SUPPLEMENTAL INDENTURE (this “Second Supplemental Indenture”), dated as of
October 30, 2012, among WMG Acquisition Corp., a Delaware corporation (the “Company”) as issuer, Warner Music Group Corp., a Delaware corporation and the indirect parent of the Company (“Warner”), as guarantor, the
guarantors listed on the signature pages hereto (the “Guarantors”) and Wells Fargo Bank, National Association, a national banking association, as trustee under the Indenture referred to below (the “Trustee”). 

W I T N E S S E T H 
 WHEREAS, the Company and the Trustee entered into an Indenture, dated as of July 20, 2011, as supplemented by the Supplemental Indenture, dated as of July 20, 2011, by and among the Company, the
guarantors party thereto and the Trustee (collectively, the “Indenture”), for the benefit of each other and for the equal and ratable benefit of the Holders of the 9.50% Senior Secured Notes due 2016 (the “Notes”). Capitalized
terms used herein without definition have the meanings ascribed to such terms in the Indenture; 
 WHEREAS, Warner has
previously provided a guarantee of the obligations of the Company as issuer with respect to the Notes; 
 WHEREAS,
Section 9.02 of the Indenture provides that, subject to certain exceptions inapplicable hereto, the Company, the Guarantors and the Trustee may amend or supplement the Indenture and the Notes with the consent of the Holders of at least a
majority in principal amount of the Notes then outstanding (the “Requisite Consents”); 
 WHEREAS, the Company has
distributed an Offer to Purchase and Consent Solicitation Statement, dated October 17, 2012 (the “Statement”), and accompanying Consent and Letter of Transmittal, dated October 17, 2012 (the “Letter of Transmittal”), to
the Holders of the Notes in connection with its solicitation of consents (the “Consent Solicitation”) to the proposed amendments, as further described in the Statement (the “Proposed Amendments”), that provide for the elimination
or amendment of certain covenants and related provisions in the Indenture, such consents to be obtained in connection with a tender offer for the Notes (the “Tender Offer”); 

WHEREAS, the Holders of a majority of the aggregate principal amount of the Notes outstanding, not owned by the Company or any of its
affiliates, have consented to the Proposed Amendments; 
 WHEREAS, the Company and the Guarantors desire to amend the Indenture,
as set forth in Article I hereof; and 

 WHEREAS, the execution and delivery of this Supplemental Indenture have been duly authorized
by the Company, Warner and each Guarantor and all conditions and requirements necessary to make this instrument a valid and binding agreement have been duly performed and complied with. 

NOW, THEREFORE, in consideration of the above premises, and for the purpose of memorializing the amendments to the Indenture consented to
by the Holders, each party agrees, for the benefit of the others and for the equal and ratable benefit of the Holders of the Notes, as follows: 
 ARTICLE 1 
 AMENDMENT OF INDENTURE 

Section 1.1 Amendment. 
 (a) Section 4.03 (Corporate Existence) of the Indenture is amended and restated in its entirety to read as follows: 
 “[Intentionally omitted.]” 
 (b) Section 4.04 (Payment of Taxes and
Other Claims) of the Indenture is amended and restated in its entirety to read as follows: 
 “[Intentionally
omitted.]” 
 (c) Section 4.05 (Maintenance of Properties and Insurance) of the Indenture is amended and restated in
its entirety to read as follows: 
 “[Intentionally omitted.]” 

(d) Section 4.06 (Compliance Certificate; Notice of Default) of the Indenture is amended and restated in its entirety to read as
follows: 
 “[Intentionally omitted.]” 
 (e) Section 4.08 (Waiver of Stay, Extension or Usury Laws) of the Indenture is amended and restated in its entirety to read as follows: 

“[Intentionally omitted.]” 
 (f) Section 4.09 (Change of Control) of the Indenture is amended and restated in its entirety to read as follows: 
 “[Intentionally omitted.]” 

  
 2 

 (g) Section 4.10 (Incurrence of Indebtedness and Issuance of Preferred Stock) of the
Indenture is amended and restated in its entirety to read as follows: 
 “[Intentionally omitted.]” 

(h) Section 4.11 (Restricted Payments) of the Indenture is amended and restated in its entirety to read as follows: 

“[Intentionally omitted.]” 
 (i) Section 4.12 (Liens) of the Indenture is amended and restated in its entirety to read as follows: 
 “[Intentionally omitted.]” 
 (j) Section 4.13 (Asset Sales) of the
Indenture is amended and restated in its entirety to read as follows: 
 “[Intentionally omitted.]” 

(k) Section 4.14 (Transactions with Affiliates) of the Indenture is amended and restated in its entirety to read as follows:

 “[Intentionally omitted.]” 
 (l) Section 4.15 (Dividend and other Payment Restrictions Affecting Subsidiaries) of the Indenture is amended and restated in its entirety to read as follows: 

“[Intentionally omitted.]” 
 (m) Section 4.16 (Additional Subsidiary Guarantees) of the Indenture is amended and restated in its entirety to read as follows: 

“[Intentionally omitted.]” 
 (n) Section 4.17 (Reports to Holders) of the Indenture is amended and restated in its entirety to read as follows: 
 “[Intentionally omitted.]” 
 (o) Section 4.18 (Limitation on
Subordinated Debt) of the Indenture is amended and restated in its entirety to read as follows: 
 “[Intentionally
omitted.]” 

  
 3 

 (p) Section 4.19 (Business Activities) of the Indenture is amended and restated in its
entirety to read as follows: 
 “[Intentionally omitted.]” 

(q) Section 4.20 (Payments for Consent) of the Indenture is amended and restated in its entirety to read as follows: 

“[Intentionally omitted.]” 
 (r) Section 5.01 (Merger, Consolidation, or Sale of Assets) of the Indenture is amended and restated in its entirety to read as follows: 

“(a) The Issuer may not, directly or indirectly: (1) consolidate or merge with or into another Person (whether
or not the Issuer is the surviving corporation); or (2) sell, assign, transfer, convey or otherwise dispose of all or substantially all of the properties or assets of the Issuer and its Subsidiaries taken as a whole, in one or more related
transactions, to another Person, unless: 
 (1) either: (a) the Issuer is the surviving corporation; or
(b) the Person formed by or surviving any such consolidation or merger (if other than the Issuer) or to which such sale, assignment, transfer, conveyance or other disposition has been made is a corporation organized or existing under the laws
of the United States, any state of the United States, the District of Columbia or any territory thereof (the Issuer or such Person, as the case may be, being herein called the “Successor Company”); and 

(2) the Successor Company (if other than the Issuer) or the Person to which such sale, assignment, transfer, conveyance or
other disposition has been made assumes all the obligations of the Issuer under the Securities, this Indenture, the Security Documents and the Registration Rights Agreement.” 

(s) Section 6.01 (Events of Default) of the Indenture is amended and restated in its entirety to read as follows: 

“Each of the following is an “Event of Default”: 

(1) the Issuer defaults in payment when due and payable, upon redemption, acceleration or otherwise, of principal of, or
premium, if any, on the Securities; or 
 (2) the Issuer defaults in the payment when due of interest or
Additional Interest, if any, on or with respect to the Securities and such default continues for a period of 30 days.” 

  
 4 

 (t) Section 8.01 (Termination of the Issuer’s Obligations) of the Indenture is
amended and restated in its entirety to read as follows: 
 “The Issuer may terminate its obligations under
the Securities and this Indenture, except those obligations referred to in the penultimate paragraph of this Section 8.01, if all Securities previously authenticated and delivered (other than destroyed, lost or stolen Securities which have been
replaced or paid or Securities for whose payment U.S. Legal Tender, or U.S. Government Securities or a combination thereof, in such amount as is sufficient without consideration of reinvestment of such interest, to pay principal of, premium, if any,
and interest on such outstanding Securities to maturity or redemption, has theretofore been deposited with the Trustee or the Paying Agent in trust or segregated and held in trust by the Issuer and thereafter repaid to the Issuer, as provided in
Section 8.05) have been delivered to the Trustee for cancellation and the Issuer has paid all sums payable by it hereunder, or if: 
 (a) either (i) pursuant to Article Three, the Issuer shall have given notice to the Trustee and mailed a notice of redemption to each Holder of the redemption of all of such Securities in accordance
with the provisions hereof or (ii) all such Securities have otherwise become or will become due and payable by reason of the mailing of a notice of redemption or otherwise within one (1) year hereunder; 

(b) the Issuer shall have irrevocably deposited or caused to be deposited with the Trustee or a trustee satisfactory to
the Trustee, under the terms of an irrevocable trust agreement in form and substance satisfactory to the Trustee, as trust funds in trust solely for the benefit of the Holders of that purpose, U.S. Legal Tender or U.S. Government Securities or a
combination thereof, in such amount as is sufficient without consideration of reinvestment of such interest, to pay principal of, premium, if any, and interest on the outstanding Securities to maturity or redemption; provided that the Trustee
shall have been irrevocably instructed to apply such U.S. Legal Tender or U.S. Government Securities or a combination thereof, to the payment of said principal, premium, if any, and interest with respect to such Securities; 

(c) [Intentionally omitted] 
 (d) the Issuer shall have paid all other sums payable by it hereunder; and 
 (e) the Issuer shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent providing for or relating to the termination of the
Issuer’s obligations under such Securities and this Indenture have been complied with. 

  
 5 

 Subject to the next sentence and notwithstanding the foregoing paragraph, the Issuer’s
obligations in Sections 2.06, 2.07, 2.08, 2.09, 4.01, 4.02, 7.07, 8.05 and 8.06 shall survive until the applicable Securities are no longer outstanding pursuant to the last paragraph of Section 2.09. After the applicable Securities are no
longer outstanding, the Issuer’s obligations in Sections 7.07, 8.05 and 8.06 shall survive. 
 After such delivery or
irrevocable deposit, the Trustee upon written request shall acknowledge in writing the discharge of the Issuer’s obligations under the applicable Securities and this Indenture except for those surviving obligations specified above. 

Upon a satisfaction and discharge in accordance with the provisions of the Security Documents, the Collateral Agent will cease to be
party to the Security Documents on behalf of the holders of the Securities and Collateral will no longer secure the Securities.” 
 (u) Any definitions used exclusively in the provisions of the Indenture that are deleted pursuant to paragraphs (a) – (t) of this Article I, and any definitions used exclusively within such
definition, are hereby deleted in their entirety from the Indenture. 
 ARTICLE 2 

MISCELLANEOUS PROVISIONS 
 Section 2.1 Effect of Supplemental Indenture. 
 From and after the
Amendment Operative Time (as defined below), the Indenture shall be amended and supplemented in accordance herewith. Each reference in the Indenture to “this Indenture,” “hereunder,” “hereof,” or “herein”
shall mean and be a reference to the Indenture as amended and supplemented by this Second Supplemental Indenture unless the context otherwise requires. The Indenture as amended and supplemented by this Second Supplemental Indenture shall be read,
taken and construed as one and the same instrument, and every Holder of the Notes heretofore or hereafter authenticated and delivered under the Indenture as supplemented by this Second Supplemental Indenture shall be bound thereby. 

Section 2.2 Effectiveness. 
 This Second Supplemental Indenture shall become effective and binding on the Company, Warner, the Guarantors, the Trustee and every Holder of the Notes heretofore or hereafter authenticated and delivered
under the Indenture, upon the date on which the Trustee receives an Officers’ Certificate certifying that the Holders of the requisite principal amount of Notes have consented (and not theretofore revoked such consent) to the Proposed
Amendments; provided, however, that the Proposed Amendments shall become operative only upon the acceptance for purchase by the Company (the “Amendment Operative Time”) of the Notes validly tendered (and not validly
withdrawn) pursuant to the Tender Offer prior to 5:00 p.m. New York City time on October 30, 2012. 

  
 6 

 Section 2.3 Indenture Remains in Full Force and Effect. 

Except as supplemented and amended hereby, all provisions in the Indenture shall remain in full force and effect. 

Section 2.4 Confirmation of Indenture. 
 The Indenture, as supplemented and amended by this Second Supplemental Indenture, is in all respects confirmed and ratified. 
 Section 2.5 Conflict with Trust Indenture Act. 
 If any provision of
this Second Supplemental Indenture limits, qualifies or conflicts with another provision hereof or of the Indenture which is required or deemed to be included in this Second Supplemental Indenture or the Indenture by any of the provisions of the
Trust Indenture Act of 1939, such required provision shall control. 
 Section 2.6 Severability. 

In case any one or more of the provisions in this Second Supplemental Indenture shall be held invalid, illegal or unenforceable, in any
respect for any reason, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions shall not in any way be affected or impaired thereby, it being intended that all of the provisions hereof
shall be enforceable to the full extent permitted by law. 
 Section 2.7 Successors. 

All agreements of the Company, Warner and the Guarantors in this Second Supplemental Indenture shall bind their successors. All
agreements of the Trustee in this Second Supplemental Indenture shall bind its successor. 
 Section 2.8 Certain Duties
and Responsibilities of the Trustee. 
 In entering into this Second Supplemental Indenture, the Trustee shall be entitled
to the benefit of every provision of the Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee, whether or not elsewhere herein so provided. The Trustee, for itself and its successor or successors,
accepts the terms of the Indenture as amended by this Second Supplemental Indenture, and agrees to perform the same, but only upon the terms and provisions defining and limiting the liabilities and responsibilities of the Trustee, which terms and
provisions shall in like manner define and limit its liabilities and responsibilities in the performance of the trust created by the Indenture. The Trustee makes no representations as to the validity or sufficiency of this Second Supplemental
Indenture other than as to the validity of its execution and delivery by the Trustee. 

  
 7 

 Section 2.9 Governing Law. 

This Second Supplemental Indenture will be governed by and construed in accordance with the laws of the State of New York.

 Section 2.10 Duplicate Originals. 
 All parties may sign any number of copies of this Second Supplemental Indenture. Each signed copy or counterpart shall be an original, but all of them together shall represent the same agreement.

 Section 2.11 Effect of Headings. 
 The Section headings herein are for convenience only and shall not affect the construction hereof. 
 [Signature Page Follows] 

  
 8 

 IN WITNESS WHEREOF, the parties hereto have caused this Second Supplemental Indenture to be
duly executed, all as of the date first written. 
 WMG ACQUISITION CORP. 

By: /s/ Paul M.Robinson 

Name: Paul M. Robinson 
 Title: Executive Vice President, General Counsel and Secretary 

Guarantors: 
 ROADRUNNER RECORDS INC. 
 T.Y.S., INC. 

THE ALL BLACKS U.S.A., INC. 
 A. P. SCHMIDT CO. 
 ATLANTIC RECORDING CORPORATION 

ATLANTIC/MR VENTURES INC. 
 BERNA MUSIC, INC. 
 BIG BEAT RECORDS INC. 

CAFE AMERICANA INC. 
 CHAPPELL & INTERSONG MUSIC GROUP (AUSTRALIA) 
 LIMITED

 CHAPPELL AND INTERSONG MUSIC GROUP 

(GERMANY) INC. 
 CHAPPELL MUSIC COMPANY, INC. 
 COTA MUSIC, INC. 

COTILLION MUSIC, INC. 
 CRK MUSIC INC. 
 E/A MUSIC, INC. 

ELEKSYLUM MUSIC, INC. 
 ELEKTRA/CHAMELEON VENTURES INC. 
 ELEKTRA ENTERTAINMENT GROUP
INC. 
 [SIGNATURE PAGE TO SUPPLEMENTAL INDENTURE]

 Guarantors (cont’d): 

ELEKTRA GROUP VENTURES INC. 
 EN ACQUISITION CORP. 
 FHK, INC. 

FIDDLEBACK MUSIC PUBLISHING COMPANY, INC. 

FOSTER FREES MUSIC, INC. 
 INSIDE JOB, INC. 
 INSOUND ACQUISITION INC. 

INTERSONG U.S.A., INC. 
 JADAR MUSIC CORP. 
 LEM AMERICA, INC. 

LONDON-SIRE RECORDS INC. 
 MAVERICK PARTNER INC. 
 MCGUFFIN MUSIC INC. 

MIXED BAG MUSIC, INC. 
 MM INVESTMENT INC. 
 NC HUNGARY HOLDINGS INC. 

NEW CHAPPELL INC. 
 NONESUCH RECORDS INC. 
 NON-STOP MUSIC HOLDINGS, INC. 

NVC INTERNATIONAL INC. 
 OCTA MUSIC, INC. 
 PEPAMAR MUSIC CORP. 

REP SALES, INC. 
 RESTLESS ACQUISITION CORP. 
 REVELATION MUSIC PUBLISHING
CORPORATION 
 RHINO ENTERTAINMENT COMPANY 

RICK’S MUSIC INC. 
 RIGHTSONG MUSIC INC. 
 RODRA MUSIC, INC. 

RYKO CORPORATION 
 RYKODISC, INC. 
 RYKOMUSIC, INC. 

SEA CHIME MUSIC, INC. 
 SR/MDM VENTURE INC. 
 SUPER HYPE PUBLISHING, INC. 

THE RHYTHM METHOD INC. 
 TOMMY BOY MUSIC, INC. 
 TOMMY VALANDO PUBLISHING GROUP, INC.

 TW MUSIC HOLDINGS INC. 

UNICHAPPELL MUSIC INC. 
 W.B.M. MUSIC CORP. 
 WALDEN MUSIC INC. 

WARNER ALLIANCE MUSIC INC. 
 [SIGNATURE PAGE TO SUPPLEMENTAL INDENTURE] 

 Guarantors (cont’d): 

WARNER BRETHREN INC. 
 WARNER BROS. MUSIC INTERNATIONAL INC. 
 WARNER BROS. RECORDS INC.

 WARNER CUSTOM MUSIC CORP. 

WARNER DOMAIN MUSIC INC. 
 WARNER MUSIC DISCOVERY INC. 
 WARNER MUSIC LATINA INC.

 WARNER MUSIC SP INC. 

WARNER SOJOURNER MUSIC INC. 
 WARNER SPECIAL PRODUCTS INC. 
 WARNER STRATEGIC MARKETING INC.

 WARNER/CHAPPELL MUSIC (SERVICES), INC. 

WARNER/CHAPPELL MUSIC, INC. 
 WARNER/CHAPPELL PRODUCTION MUSIC, INC. 
 WARNER-ELEKTRA-ATLANTIC
CORPORATION 
 WARNERSONGS, INC. 

WARNER-TAMERLANE PUBLISHING CORP. 

WARPRISE MUSIC INC. 
 WB GOLD MUSIC CORP. 
 WB MUSIC CORP. 

WBM/HOUSE OF GOLD MUSIC, INC. 
 WBR MANAGEMENT SERVICES INC. 
 WBR/QRI VENTURE, INC. 

WBR/RUFFNATION VENTURES, INC. 
 WBR/SIRE VENTURES INC. 
 WEA EUROPE INC. 

WEA INC. 
 WEA INTERNATIONAL INC. 
 WEA MANAGEMENT SERVICES INC. 

WIDE MUSIC, INC. 
 WMG MANAGEMENT SERVICES INC. 
 ASYLUM RECORDS LLC 

ATLANTIC MOBILE LLC 
 ATLANTIC PRODUCTIONS LLC 
 ATLANTIC SCREAM LLC 

ATLANTIC/143 L.L.C. 
 BB INVESTMENTS LLC 
 BULLDOG ENTERTAINMENT GROUP LLC 

BULLDOG ISLAND EVENTS LLC 
 BUTE SOUND LLC 
 CHORUSS LLC 

[SIGNATURE PAGE TO SUPPLEMENTAL INDENTURE] 

 Guarantors (cont’d): 

CORDLESS RECORDINGS LLC 
 EAST WEST RECORDS LLC 
 FBR INVESTMENTS LLC 

FOZ MAN MUSIC LLC 
 FUELED BY RAMEN LLC 
 LAVA RECORDS LLC 

LAVA TRADEMARK HOLDING COMPANY LLC 

MADE OF STONE LLC 
 PENALTY RECORDS, LLC 
 PERFECT GAME RECORDING COMPANY LLC

 RHINO NAME & LIKENESS HOLDINGS, LLC 

RHINO/FSE HOLDINGS, LLC 
 T-BOY MUSIC, LLC 
 T-GIRL MUSIC, LLC 

THE BIZ LLC 
 UPPED.COM LLC 
 WARNER MUSIC DISTRIBUTION LLC 

WMG TRADEMARK HOLDING COMPANY LLC 

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 

WARNER MUSIC NASHVILLE LLC 
 By: /s/ Paul M.Robinson 
 Name: Paul M. Robinson

 Title: Vice President & Secretary of each of the above named 

entities listed under the heading Guarantors and signing this 

agreement in such capacity on behalf of each such entity 

[SIGNATURE PAGE TO SUPPLEMENTAL INDENTURE] 

 Guarantors (cont-d): 

WARNER MUSIC INC. 
 By: /s/ Paul M.Robinson 
 Name: Paul M. Robinson

 Title: Executive Vice President, General Counsel & Secretary 

615 MUSIC LIBRARY, LLC 
 By: Six-Fifteen Music Productions, Inc., its Sole Member 
 By:
/s/ Paul M.Robinson 
 Name: Paul M. Robinson 

Title: Vice President & Secretary 

ARTIST ARENA INTERNATIONAL, LLC 

By: Artist Arena LLC, its Sole Member 

By: Warner Music Inc, its Sole Member 

By: /s/ Paul M.Robinson 

Name: Paul M. Robinson 
 Title: Executive Vice President, General Counsel & Secretary 
 ALTERNATIVE DISTRIBUTION ALLIANCE 
 By: Warner Music
Distribution LLC, its Managing Partner 
 By: Rep Sales, Inc., its Sole Member and Manager 

By: /s/ Paul M.Robinson 

Name: Paul M. Robinson 
 Title: Vice President & Secretary 
 [SIGNATURE
PAGE TO SUPPLEMENTAL INDENTURE] 

 Guarantors (cont-d): 

MAVERICK RECORDING COMPANY 
 By: SR/MDM Venture Inc., its Managing Partner 
 By: /s/ Paul
M.Robinson 
 Name: Paul M. Robinson 

Title: Vice President & Secretary 

NON-STOP CATACLYSMIC MUSIC, LLC 

NON-STOP INTERNATIONAL PUBLISHING, LLC 

NON-STOP OUTRAGEOUS PUBLISHING, LLC 

By: Non-Stop Music Publishing, LLC, their Sole Member 

By: Non-Stop Music Holdings, Inc., its Sole Member 

By: /s/ Paul M.Robinson 

Name: Paul M. Robinson 
 Title: Vice President & Secretary 
 NON-STOP MUSIC
LIBRARY, L.C. 
 NON-STOP MUSIC PUBLISHING, LLC 

NON-STOP PRODUCTIONS, LLC 
 By: Non-Stop Music Holdings, Inc., their Sole Member 
 By:
/s/ Paul M.Robinson 
 Name: Paul M. Robinson 

Title: Vice President & Secretary 

WMG ARTIST BRAND LLC 
 By: Warner Music Inc., its Managing Member 
 By: /s/ Paul
M.Robinson 
 Name: Paul M. Robinson 

Title: Executive Vice President, General Counsel & Secretary 

[SIGNATURE PAGE TO SUPPLEMENTAL INDENTURE] 

 Guarantors (cont-d): 

WARNER MUSIC GROUP CORP. 
 By: /s/ Paul M.Robinson 
 Name: Paul M. Robinson

 Title: Executive Vice President, General Counsel & Secretary 

[SIGNATURE PAGE TO SUPPLEMENTAL INDENTURE] 

 WELLS FARGO BANK, NATIONAL 

ASSOCIATION, as Trustee 
 By: /s/ Raymond Delli Colli 
 Name: Raymond Delli
Colli 
 Title: Vice President 
 [SIGNATURE PAGE TO SUPPLEMENTAL INDENTURE]SECOND SUPPLENTAL INDENTURE - NOTES DUE 2018

 Exhibit 4.6 
 EXECUTION VERSION 
 SECOND SUPPLEMENTAL INDENTURE 

 
  

 
 WMG ACQUISITION CORP.,

 as the Issuer, 
 WARNER MUSIC GROUP CORP., 
 as Guarantor, 

the Guarantors party hereto 
 and 
 WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as Trustee 
  

 
 SECOND
SUPPLEMENTAL INDENTURE 
  
  

Dated as of October 30, 2012 
  

 
 11.50% Senior
Notes due 2018 
  
  

 

 SECOND SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of
October 30, 2012, among WMG Acquisition Corp., a Delaware corporation (the “Company”), Warner Music Group Corp., a Delaware corporation (“Warner”), as guarantor, the guarantors listed on the signature pages hereto (the
“Guarantors”) and Wells Fargo Bank, National Association, a national banking association, as trustee under the Indenture referred to below (the “Trustee”). 
 W I T N E S S E T H 
 WHEREAS, the Company has heretofore executed and delivered
to the Trustee an indenture dated as of July 20, 2011 as amended through the date hereof (the “Indenture”), by and among the Company, the Guarantors and the Trustee, pursuant to which the Company’s 11.50% Senior Notes due 2018
(the “Notes”) were issued; 
 WHEREAS, the Company has solicited (the “Consent Solicitation”) the Holders to
direct the Trustee to execute and deliver a supplemental indenture to the Indenture to enable the Company to incur additional secured indebtedness under the Indenture (the “Amendments”); 

WHEREAS, Section 9.02 of the Indenture provides that, subject to certain exceptions inapplicable hereto, the Company and the Trustee
may amend or supplement the Indenture and the Notes with the consent of the Holders of at least a majority in principal amount of the Notes then outstanding (the “Requisite Consents”); 

WHEREAS, in connection with the Consent Solicitation, Holders that have delivered and have not withdrawn a valid consent on a timely
basis (the “Consenting Holders”) are entitled to receive a consent fee (the “Consent Fee”) with respect to the Notes in respect of which they have validly consented, payable if all conditions to the Consent Solicitation,
including, without limitation, the receipt of the Requisite Consents and the execution of this Supplemental Indenture, are satisfied or waived; 
 WHEREAS, the Holders that have approved this Supplemental Indenture (as evidenced by their execution of a Consent Form) constitute Holders of at least a majority in aggregate principal amount of the Notes
now outstanding and are willing to direct the Trustee to execute and deliver this Supplemental Indenture; 
 WHEREAS, consistent
with the practice of The Depository Trust Company (“DTC”), DTC has authorized direct participants in DTC set forth in the position listing of DTC as of October 19, 2012 to approve this Supplemental Indenture as if they were Holders of
the Notes held of record in the name of DTC or the name of its nominee; 
 WHEREAS, the Trustee has been directed by the Holders
of the requisite principal amount of Notes to execute and deliver this Supplemental Indenture in its capacity as Trustee; and 

  
 2 

 WHEREAS, the execution and delivery of this Supplemental Indenture have been duly authorized
by the Company and all conditions and requirements necessary to make this instrument a valid and binding agreement have been duly performed and complied with. 

  
 3 

 NOW, THEREFORE, in consideration of the above premises, and for the purpose of memorializing
the amendments to the Indenture consented to by the Holders, each party agrees, for the benefit of the others and for the equal and ratable benefit of the Holders of the Notes, as follows: 

ARTICLE I 

AMENDMENT OF INDENTURE 
 Section 1.1 Amendments to the Indenture. The Indenture is hereby amended as follows: 
 (a) The following definition of “Approved Incurrence” is hereby added to Section 1.01 as follows: 
 “Approved Incurrence” means the incurrence of Indebtedness either (i) to finance any purchase or other acquisition of, or Investment in, an Authorized Business or any purchase or
other acquisition of, or Investment in, assets constituting a business unit, line of business or division of or otherwise constituting assets of an Authorized Business; or (ii) that serves to extend, replace, refund, refinance, renew or defease
Indebtedness (including Indebtedness of Holdings) existing on the Amendment Date, including to pay premiums and fees in connection therewith. 
 (b) The following definition of “Approved Incurrence Ratio” is hereby added to Section 1.01 as follows: 

“Approved Incurrence Ratio” means (i) 3.50 to 1.00 if the Fixed Charge Coverage Ratio for the
Issuer’s most recently ended four full fiscal quarters for which internal financial statements are available immediately preceding the date on which such Indebtedness is incurred would have been at least 2.25 to 1.00, determined on a pro forma
basis (including a pro forma application of the net proceeds therefrom), as if such Indebtedness had been incurred and the application of proceeds therefrom had occurred at the beginning of such four-quarter period and (ii) 3.00 to 1.00
otherwise. 
 (c) The following definition of “Authorized Business” is hereby added to Section 1.01 as follows:

 “Authorized Business” means any media or entertainment business (other than any such business
the primary business of which is the publication of printed media) and any services, activities or businesses incidental or related or similar thereto, any line of business engaged in by the Issuer or any of its Restricted Subsidiaries on
October 30, 2012 (the “Amendment Date”) or any business activity that is a reasonable extension, development or expansion thereof or ancillary to any of the foregoing. 

  
 4 

 (d) The definition of “Permitted Liens” in Section 1.01 is hereby amended as
follows: 
 (26) Liens securing Indebtedness in an aggregate principal amount (as of the date of incurrence of
any such Indebtedness and after giving pro forma effect to the incurrence thereof and the application of the net proceeds therefrom (or as of the date of the initial borrowing of such Indebtedness after giving pro forma effect to the
incurrence of the entire committed amount of such Indebtedness)), not exceeding the greater of (A) $1,550.0 million and (B) the maximum aggregate principal amount of Senior Secured Indebtedness that could be incurred without exceeding a
Senior Secured Indebtedness to EBITDA Ratio for the Issuer of 3.00 to 1.00 (or, in the case of an Approved Incurrence, the Approved Incurrence Ratio); 
 (e) Section 1.01 is hereby amended to include the following definition: 
 “Revolving Credit Agreement Indebtedness” means Indebtedness in an aggregate principal amount not exceeding $150.0 million outstanding under the Revolving Credit Agreement, including any
guarantees, collateral documents and other instruments, agreements and documents executed or delivered pursuant to or in connection therewith, as the same may be refunded, refinanced, restructured, replaced, renewed, repaid or extended from time to
time (whether in whole or in part, whether with the original agent and lenders or other agents and lenders or otherwise, and whether provided under the Revolving Credit Agreement, any other revolving credit agreement, or one or more other credit or
financing agreements with a revolving financing component (to the extent of such component)), and in each case as the same may be amended, supplemented, waived or otherwise modified from time to time, and including any agreement changing maturity or
increasing the Indebtedness incurred or available to be borrowed (provided that any such increase shall not be deemed to increase the $150.0 million maximum principal amount of Revolving Credit Agreement Indebtedness provided for in this
definition), or otherwise altering the terms and conditions thereof. 
 (f) The definition of “Senior Secured
Indebtedness” in Section 1.01 is hereby amended as follows: 
 “Senior Secured
Indebtedness” means, with respect to any Person, the aggregate amount, without duplication, of Indebtedness for borrowed money of such Person and its Restricted Subsidiaries as of the end of the most recently ended fiscal quarter plus the
amount of any Indebtedness for borrowed money of 

  
 5 

 
such Person and its Restricted Subsidiaries incurred subsequent to the end of such fiscal quarter and minus the amount of any Indebtedness for borrowed money of such Person and its Restricted
Subsidiaries redeemed, repaid, retired or extinguished subsequent to the end of such fiscal quarter, as determined in accordance with GAAP, secured by Liens other than Permitted Liens (excluding Permitted Liens incurred pursuant to clause
(26) of the definition thereof, provided that when Senior Secured Indebtedness is calculated to test an Approved Incurrence, Revolving Credit Agreement Indebtedness so secured shall be excluded from the calculation of Senior Secured
Indebtedness). 
 (g) The definition of “Senior Secured Indebtedness to EBITDA Ratio” in Section 1.01 is hereby
amended as follows: 
 “Senior Secured Indebtedness to EBITDA Ratio” means, with respect to the
Issuer, the ratio of (x) the Issuer’s Senior Secured Indebtedness, minus, if the ratio is being calculated with respect to an Approved Incurrence, an amount of cash and Cash Equivalents held by the Issuer and its Restricted Subsidiaries as
of the date of determination not to exceed $150.0 million, to (y) the Issuer’s EBITDA for the most recently ended four full fiscal quarters for which internal financial statements are available immediately preceding the date on which such
event for which such calculation is being made shall occur (the “Measurement Period”). 
 (h)
Section 4.10(b)(1) of the Indenture is hereby amended as follows: 
 Indebtedness under the Existing Secured
Notes, the New Secured Notes and one or more Credit Agreements together with the incurrence of the guarantees thereunder and the issuance and creation of letters of credit and bankers’ acceptances thereunder (with letters of credit and
bankers’ acceptances being deemed to have a principal amount equal to the face amount thereof) and other Indebtedness, up to an aggregate principal amount, together with amounts outstanding under a Qualified Securitization Financing incurred
pursuant to clause (17) below, not to exceed at any one time outstanding the greater of (A) $1,550.0 million and (B) the maximum aggregate principal amount (as of the date of incurrence of any such Indebtedness and after giving pro
forma effect to the incurrence thereof and the application of the net proceeds therefrom (or as of the date of the initial borrowing of such Indebtedness after giving pro forma effect to the incurrence of the entire committed amount of such
Indebtedness)) that can be incurred without exceeding a Senior Secured Indebtedness to EBITDA Ratio for the Issuer of 3.00 to 1.00 (or, in the case of an Approved Incurrence, the Approved Incurrence Ratio) (it being understood that for purposes of
determining compliance under this clause (1), any Indebtedness incurred under this clause (1) (whether or not secured), other than, in the case of an Approved Incurrence, Revolving Credit Agreement Indebtedness, will be included in the amount
of Senior Secured Indebtedness for purposes of calculating the Senior Secured Indebtedness to EBITDA Ratio); 

  
 6 

 ARTICLE II 
 MISCELLANEOUS PROVISIONS 
 Section 2.1 Effect of Supplemental
Indenture. 
 From and after the Amendment Operative Time (as defined below), the Indenture shall be amended and
supplemented in accordance herewith. Each reference in the Indenture to “this Indenture,” “hereunder,” “hereof,” or “herein” shall mean and be a reference to the Indenture as amended and supplemented by this
Supplemental Indenture unless the context otherwise requires. The Indenture as amended and supplemented by this Supplemental Indenture shall be read, taken and construed as one and the same instrument, and every Holder of the Notes heretofore or
hereafter authenticated and delivered under the Indenture as supplemented by this Supplemental Indenture shall be bound thereby. 
 Section 2.2 Effectiveness. 
 This Supplemental Indenture shall become
effective and binding on the Company, the Trustee and every Holder of the Notes heretofore or hereafter authenticated and delivered under the Indenture, upon the execution and delivery by the parties to this Supplemental Indenture and upon the
payment of the Consent Fee to the Consenting Holders in accordance with the terms and conditions of the Consent Solicitation (the “Amendment Operative Time”). If the Consent Fee is not paid to the Consenting Holders in accordance with the
terms and conditions of the Consent Solicitation, this Supplemental Indenture shall be null and void. 
 Section 2.3
Indenture Remains in Full Force and Effect. 
 Except as supplemented and amended hereby, all provisions in the Indenture
shall remain in full force and effect. 
 Section 2.4 Confirmation of Indenture. 

The Indenture, as supplemented and amended by this Supplemental Indenture, is in all respects confirmed and ratified. 

Section 2.5 Conflict with Trust Indenture Act. 
 If any provision of this Supplemental Indenture limits, qualifies or conflicts with another provision hereof or of the Indenture which is required or deemed to be included in this Supplemental Indenture
or the Indenture by any of the provisions of the Trust Indenture Act of 1939, such required or deemed provision shall control. 

  
 7 

 Section 2.6 Severability. 

In case any one or more of the provisions in this Supplemental Indenture shall be held invalid, illegal or unenforceable, in any respect
for any reason, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions shall not in any way be affected or impaired thereby, it being intended that all of the provisions hereof shall be
enforceable to the full extent permitted by law. 
 Section 2.7 Successors. 

All agreements of the Company in this Supplemental Indenture shall bind its successors. All agreements of the Trustee in this
Supplemental Indenture shall bind its successor. 
 Section 2.8 Certain Duties and Responsibilities of the Trustee.

 In entering into this Supplemental Indenture, the Trustee shall be entitled to the benefit of every provision of the
Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee, whether or not elsewhere herein so provided. The Trustee, for itself and its successor or successors, accepts the terms of the Indenture as
amended by this Supplemental Indenture, and agrees to perform the same, but only upon the terms and provisions defining and limiting the liabilities and responsibilities of the Trustee, which terms and provisions shall in like manner define and
limit its liabilities and responsibilities in the performance of the trust created by the Indenture. The Trustee makes no representations as to the validity or adequacy of this Supplemental Indenture other than as to the validity of its execution
and delivery by the Trustee. 
 Section 2.9 Governing Law. 

This Supplemental Indenture will be governed by and construed in accordance with the laws of the State of New York. 

Section 2.10 Duplicate Originals. 
 All parties may sign any number of copies of this Supplemental Indenture. Each signed copy or counterpart shall be an original, but all of them together shall represent the same agreement. 

Section 2.11 Effect of Headings. 
 The Section headings herein are for convenience only and shall not affect the construction hereof. 
 [Signature Page Follows] 

  
 8 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed, all as of the date first written. 
  

			
	WMG ACQUISITION CORP.
		
	By:	 	/s/ Paul M. Robinson
	Name:	 	Paul M. Robinson
	Title:	 	Executive Vice President, General Counsel and Secretary
		 	
	Guarantors:
	
	
	 ROADRUNNER RECORDS INC.
 T.Y.S., INC.
 THE ALL BLACKS U.S.A., INC.
 A. P. SCHMIDT CO.
 ATLANTIC RECORDING CORPORATION

ATLANTIC/MR VENTURES INC.
 BERNA MUSIC,
INC.
 BIG BEAT RECORDS INC.
 CAFE
AMERICANA INC.
 CHAPPELL & INTERSONG MUSIC GROUP (AUSTRALIA) LIMITED
 CHAPPELL AND INTERSONG MUSIC GROUP (GERMANY) INC.
 CHAPPELL MUSIC COMPANY, INC.

COTA MUSIC, INC.
 COTILLION MUSIC,
INC.
 CRK MUSIC INC.
 E/A MUSIC,
INC.
 ELEKSYLUM MUSIC, INC.

ELEKTRA/CHAMELEON VENTURES INC.
 ELEKTRA
ENTERTAINMENT GROUP INC.
 ELEKTRA GROUP VENTURES INC.
 EN ACQUISITION CORP.
 FHK, INC.
 FIDDLEBACK MUSIC PUBLISHING COMPANY, INC.
 FOSTER FREES MUSIC, INC.

INSIDE JOB, INC.
 INSOUND ACQUISITION
INC.
 INTERSONG U.S.A., INC.
 JADAR
MUSIC CORP.
 LEM AMERICA, INC.

LONDON-SIRE RECORDS INC.
 MAVERICK PARTNER
INC.
 MCGUFFIN MUSIC INC.
 MIXED BAG
MUSIC, INC.
 MM INVESTMENT INC.
 NC
HUNGARY HOLDINGS INC.
 NEW CHAPPELL INC.

NONESUCH RECORDS INC.

 [Signature Pages to Second Supplemental Indenture – WMG Acquisition] 

	
	Guarantors (cont-d):
	
	
	 NON-STOP MUSIC HOLDINGS, INC.

NVC INTERNATIONAL INC.
 OCTA MUSIC,
INC.
 PEPAMAR MUSIC CORP.
 REP SALES,
INC.
 RESTLESS ACQUISITION CORP.

REVELATION MUSIC PUBLISHING CORPORATION
 RHINO
ENTERTAINMENT COMPANY
 RICK’S MUSIC INC.
 RIGHTSONG MUSIC INC.
 RODRA MUSIC, INC.
 RYKO CORPORATION
 RYKODISC, INC.
 RYKOMUSIC, INC.
 SEA CHIME MUSIC, INC.
 SR/MDM VENTURE INC.
 SUPER HYPE PUBLISHING, INC.

THE RHYTHM METHOD INC.
 TOMMY BOY MUSIC,
INC.
 TOMMY VALANDO PUBLISHING GROUP, INC.
 TW MUSIC HOLDINGS INC.
 UNICHAPPELL MUSIC INC.

W.B.M. MUSIC CORP.
 WALDEN MUSIC INC.

WARNER ALLIANCE MUSIC INC.
 WARNER BRETHREN
INC.
 WARNER BROS. MUSIC INTERNATIONAL INC.
 WARNER BROS. RECORDS INC.
 WARNER CUSTOM MUSIC CORP.

WARNER DOMAIN MUSIC INC.
 WARNER MUSIC DISCOVERY
INC.
 WARNER MUSIC LATINA INC.
 WARNER
MUSIC SP INC.
 WARNER SOJOURNER MUSIC INC.
 WARNER SPECIAL PRODUCTS INC.
 WARNER STRATEGIC MARKETING INC.

WARNER/CHAPPELL MUSIC (SERVICES), INC.

WARNER/CHAPPELL MUSIC, INC.
 WARNER/CHAPPELL
PRODUCTION MUSIC, INC.
 WARNER-ELEKTRA-ATLANTIC CORPORATION
 WARNERSONGS, INC.
 WARNER-TAMERLANE PUBLISHING CORP.

WARPRISE MUSIC INC.
 WB GOLD MUSIC
CORP.
 WB MUSIC CORP.
 WBM/HOUSE OF
GOLD MUSIC, INC.
 WBR MANAGEMENT SERVICES INC.
 WBR/QRI VENTURE, INC.
 WBR/RUFFNATION VENTURES, INC.

WBR/SIRE VENTURES INC.
 WEA EUROPE
INC.
 WEA INC.

 [Signature Pages to Second Supplemental Indenture – WMG Acquisition] 

 
	
	Guarantors (cont-d):
	
	
	 WEA INTERNATIONAL INC.
 WEA
MANAGEMENT SERVICES INC.
 WIDE MUSIC, INC.
 WMG MANAGEMENT SERVICES INC.
 ASYLUM RECORDS LLC

ATLANTIC MOBILE LLC
 ATLANTIC PRODUCTIONS
LLC
 ATLANTIC SCREAM LLC
 ATLANTIC/143
L.L.C.
 BB INVESTMENTS LLC
 BULLDOG
ENTERTAINMENT GROUP LLC
 BULLDOG ISLAND EVENTS LLC
 BUTE SOUND LLC
 CHORUSS LLC
 CORDLESS RECORDINGS LLC
 EAST WEST RECORDS LLC

FBR INVESTMENTS LLC
 FOZ MAN MUSIC LLC

FUELED BY RAMEN LLC
 LAVA RECORDS LLC

LAVA TRADEMARK HOLDING COMPANY LLC
 MADE OF STONE
LLC
 PENALTY RECORDS, LLC
 PERFECT GAME
RECORDING COMPANY LLC
 RHINO NAME & LIKENESS HOLDINGS, LLC
 RHINO/FSE HOLDINGS, LLC
 T-BOY MUSIC, LLC
 T-GIRL MUSIC, LLC
 THE BIZ LLC
 UPPED.COM LLC
 WARNER MUSIC DISTRIBUTION LLC

WMG TRADEMARK HOLDING COMPANY LLC
 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
 WARNER MUSIC NASHVILLE LLC

  

			
	By:	 	/s/ Paul M. Robinson
	Name:  	 	Paul M. Robinson
	Title:     Vice President & Secretary of each of the above named entities listed under the heading Guarantors and signing this agreement in
such capacity on behalf of each such entity

 [Signature Pages to Second Supplemental Indenture – WMG Acquisition] 

 
			
	Guarantors (cont-d):
	
	WARNER MUSIC INC.
		
	By:	 	/s/ Paul M. Robinson
	Name:	 	Paul M. Robinson
	Title:	 	Executive Vice President, General Counsel & Secretary

  

			
	615 MUSIC LIBRARY, LLC
	
	
	By: Six-Fifteen Music Productions, Inc., its Sole Member
		
	By:	 	/s/ Paul M. Robinson
	Name:	 	Paul M. Robinson
	Title:	 	Vice President & Secretary

  

			
	ARTIST ARENA INTERNATIONAL, LLC
	
	
	 By: Artist Arena LLC, its Sole Member
 By: Warner Music Inc, its Sole Member

		
	By:	 	/s/ Paul M. Robinson
	Name:	 	Paul M. Robinson
	Title:	 	Executive Vice President, General Counsel & Secretary

  

			
	ALTERNATIVE DISTRIBUTION ALLIANCE
	
	
	 By: Warner Music Distribution LLC, its Managing Partner
 By: Rep Sales, Inc., its Sole Member and Manager

		
	By:	 	/s/ Paul M. Robinson
	Name:	 	Paul M. Robinson
	Title:	 	Vice President & Secretary

  

			
	MAVERICK RECORDING COMPANY
	
	
	 By: SR/MDM Venture Inc., its Managing Partner

		
	By:	 	/s/ Paul M. Robinson
	Name:	 	Paul M. Robinson
	Title:	 	Vice President & Secretary

 [Signature Pages to Second Supplemental Indenture] 

 
			
	Guarantors (cont-d):
	
	 NON-STOP CATACLYSMIC MUSIC, LLC
 NON-STOP INTERNATIONAL PUBLISHING, LLC
 NON-STOP OUTRAGEOUS PUBLISHING,
LLC

	
	 By: Non-Stop Music Publishing, LLC, their Sole Member
 By: Non-Stop Music Holdings, Inc., its Sole Member

		
	By:	 	/s/ Paul M. Robinson
	Name:	 	Paul M. Robinson
	Title:	 	Vice President & Secretary

  

			
	 NON-STOP MUSIC LIBRARY, L.C.
 NON-STOP MUSIC PUBLISHING, LLC
 NON-STOP PRODUCTIONS, LLC

	
	
	By: Non-Stop Music Holdings, Inc., their Sole Member
		
	By:	 	/s/ Paul M. Robinson
	Name:	 	Paul M. Robinson
	Title:	 	Vice President & Secretary

  

			
	 WMG ARTIST BRAND LLC

	
	
	By: Warner Music Inc., its Managing Member
		
	By:	 	/s/ Paul M. Robinson
	Name:	 	Paul M. Robinson
	Title:	 	Executive Vice President, General Counsel & Secretary

  

			
	 WARNER MUSIC GROUP CORP.

		
	By:	 	/s/ Paul M. Robinson
	Name:	 	Paul M. Robinson
	Title:	 	Executive Vice President, General Counsel and Secretary

 [Signature Pages to Second Supplemental Indenture – WMG Acquisition] 

  

			
	 WELLS FARGO BANK, NATIONAL
 ASSOCIATION, as Trustee

		
	By:	 	/s/ Raymond Delli Colli
	Name:	 	Raymond Delli Colli
	Title:	 	Vice President

 [Signature Pages to Second Supplemental Indenture – WMG Acquisition]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00209-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00209-of-00352.parquet"}]]