Document:

Digital Music Download Sales Agreement dated March 2, 2004

 Exhibit 10.23 
  
 DIGITAL MUSIC DOWNLOAD SALES AGREEMENT 
  
 This Agreement is by and between APPLE and COMPANY, as identified in the Cover Sheet attached hereto and is entered into as of the date this
Agreement is signed by both APPLE and COMPANY (the “Effective Date”). 
  
 WHEREAS, APPLE desires to sell permanent downloads of COMPANY’S sound recordings; 
  
 WHEREAS, COMPANY is willing to allow the sale of permanent downloads of certain COMPANY sound recordings in exchange for APPLE’s obligations herein;

  
 NOW, THEREFORE, in consideration of the mutual promises and
agreements set forth herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, APPLE and COMPANY (“Parties”) hereby agree as follows: 
  

	 	1.	Definitions. 

  
 The following terms shall have the following meanings for purposes of this Agreement: 
  

	 	(a)	“Content File” means each digital file containing a single-track sound recording or multi-track album of COMPANY Content, applicable Artwork (if any), parental
advisory notices (if any), copyright notices (if any), videos (if any, provided by COMPANY and used by APPLE at COMPANY’S discretion), and associated metadata, e.g., core track data and editorial content data (if any). 

 

	 	(b)	“Content Usage Rules” means the usage rules applicable to sound recordings in the form of eMasters available on the Online Store that specify the terms under which
an eMaster may be used, as set forth in Exhibit A attached hereto, and which may be modified by APPLE from time to time, subject to prior written approval by COMPANY (such approval or disapproval not to be unreasonably delayed) in the event of a
material change to such usage rules. 

  

	 	(c)	“Security Solution” means the APPLE proprietary content protection system in effect as of the Effective Date used to protect eMasters sold on the Online Store
pursuant to this Agreement, which content protection system shall be no less protective than, and the same as, the protection system used to protect any third party sound recording sold on the Online Store, and which may be modified by APPLE from
time to time, subject to prior written approval by COMPANY (such approval not to be unreasonably withheld, delayed or conditioned) in the event of a material change to such content protection system such that eMasters are being protected less than
before. 

  

	 	(d)	“eMaster” or “eMasters” means copies of COMPANY Content in digital form and having the Security Solution, which APPLE may sell on the Online Store
pursuant to the terms and conditions of this Agreement. 

  

	 	(e)	“Device” means any digital player device or cellular phone having the Security Solution that can receive music files from another device or network connection, by
any means, for playback of such music files. 

  

 1 

	 	(f)	“Fulfillment Activities” means sales activities relating to the sale and delivery of eMasters, provided by COMPANY, pursuant to the terms and conditions of this
Agreement. 

  

	 	(g)	“Term” means the period beginning on the Effective Date of this Agreement and ending on the first day of the calendar quarter following the third anniversary of the
Effective Date. 

  

	 	(h)	“Territory” means the United States, its territories and possessions, and Canada, its territories and possessions; and any other country or territory where COMPANY
authorizes APPLE in writing hereunder, as the case may be. 

  

	 	(i)	“Online Store” means an electronic store and its storefronts branded, and owned and/or controlled by APPLE. 

  

	 	(j)	“COMPANY Content” means sound recordings owned or controlled by COMPANY that are provided by or on behalf of COMPANY, and in which COMPANY has cleared the necessary
rights to authorize electronic sales and sound recording performances by APPLE pursuant to the terms of this Agreement, including but not limited to sound recordings in the form of (i) single-track sound recordings, and (ii) multi-track albums. Any
sound recordings that are provided by or on behalf of COMPANY to APPLE are owned or controlled by COMPANY and have been cleared by COMPANY as described in the prior sentence. 

  

	 	(k)	“Artwork” means album cover artwork and any other artwork relating to COMPANY Content that COMPANY has cleared for use by APPLE in accordance with Section 2 below.
Any artwork that is provided by or on behalf of COMPANY to APPLE will be deemed to have been cleared by COMPANY as described in the prior sentence. 

  

	 	2.	Authorization. 

  

	 	(a)	Subject to the terms of this Agreement, COMPANY hereby appoints APPLE as a reseller of eMasters. Accordingly, COMPANY hereby grants a non-exclusive right to APPLE, during the Term,
to: 

  

	 	i.	reproduce and convert COMPANY Content delivered by COMPANY or by COMPANY’S representative designated by COMPANY in writing into eMasters; 

  

	 	ii.	perform and make thirty (30) second clips of the COMPANY Content available by streaming (“Clips”) to promote the sale of applicable eMasters on the Online Store, which
Clips, if not provided by COMPANY, may be created by APPLE by using the first thirty (30) seconds of the applicable COMPANY Content; 

  

	 	iii.	promote, sell, distribute, and electronically fulfill and deliver eMasters and associated metadata to purchasers via the Online Store; 

  

	 	iv.	display and electronically fulfill and deliver Artwork for personal use solely in conjunction with the applicable purchased eMaster; and 

  

 2 

	 	v.	use COMPANY Content, Artwork and metadata as may be reasonably necessary or desirable for APPLE to exercise APPLE’s rights under the terms of this Agreement.

  

	 	(b)	APPLE shall not be authorized to exploit COMPANY Content or Artwork in any manner or form not expressly authorized herein. Nothing in this Agreement shall be construed to prevent
COMPANY from marketing or selling COMPANY Content or Artwork by any means. Nothing herein shall obligate APPLE to actually exercise its rights under this Agreement. 

  

	 	(c)	Except for a special circumstance, such as an exclusive, limited-time, one-off promotion for a particular COMPANY sound recording, or for a reason beyond COMPANY’S control,
COMPANY shall otherwise make all eMasters available to APPLE hereunder for sale on the Online Store in both a so-called “single” format and in a multi-track “album” format. APPLE may sell eMasters on the Online Store in the
format that APPLE believes most favorably furthers the commercial purpose of this Agreement and otherwise in accordance with APPLE’s then-current Online Store business practices. 

  

	 	(d)	Except as set forth in Section 2(a)(ii) or elsewhere herein, APPLE will not edit, change or alter any of the COMPANY Content or Artwork without COMPANY’S prior written consent
(such consent not to be unreasonably withheld, delayed or conditioned), provided that APPLE may modify metadata as reasonably necessary to correct errors or to append sub-genres or like information for artist and track categories.

  

	 	(e)	APPLE shall not pledge, mortgage or otherwise encumber any part of the COMPANY Content, eMasters, or Artwork. 

  

	 	3.	COMPANY Obligations. 

  

	 	(a)	COMPANY shall use commercially reasonable efforts to promptly obtain clearances in the Territory for all sound recordings under its control, and related artwork, in order to enable
sales of eMasters by APPLE hereunder. 

  

	 	(b)	Content Files must be [*]. 

  

	 	(c)	COMPANY shall use commercially reasonable efforts to electronically deliver, at COMPANY’S expense, properly encoded Content Files to APPLE using a secure FTP site address
provided by APPLE to COMPANY from time to time, or other delivery means as may be reasonably requested by APPLE. 

  

	 	(d)	COMPANY, or a third party designated by COMPANY in writing and approved by APPLE, shall commence delivery of Content Files as soon as reasonably possible after the Effective Date,
and for just cleared COMPANY Content or new releases, no later than when COMPANY first makes such COMPANY Content publicly available by any means (e.g., radio play, “street date,” etc). 

  

 3 
  
  

	*	Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions.

	 	4.	Royalties. 

  
 COMPANY shall be responsible for and timely pay: (i) all record royalties to artists, producers, and other record royalty participants from sales of
eMasters, (ii) all mechanical royalties payable to publishers of copyrighted musical compositions embodied in eMasters from sales of eMasters, (iii) all payments that may be required under collective bargaining agreements applicable to COMPANY or
third parties other than APPLE, and (iv) any other royalties, fees and/or sums payable with respect to the sound recordings, Artwork, metadata and other materials provided by COMPANY and/or APPLE’s use thereof hereunder. 
  

	 	5.	Wholesale Price. 

  
 APPLE shall pay COMPANY the wholesale price for eMasters sold by APPLE hereunder, as set forth in Exhibit B attached hereto. COMPANY shall not increase
the wholesale price of any particular eMaster during the Term. Apple reserves the right to determine the retail price in its discretion. 
  

	 	6.	APPLE Obligations. 

  

	 	(a)	APPLE shall condition sale and delivery of eMasters upon an end user’s acknowledgement of terms of use for such eMasters (“Terms of Use”), which Terms of Use shall be
no less restrictive than the Content Usage Rules, and shall state that the sale of eMasters does not transfer to purchaser any commercial or promotional use rights in the eMasters. 

  

	 	(b)	Subject to Section 4, APPLE shall be responsible for all costs associated with APPLE’s Fulfillment Activities. 

  

	 	(c)	If there is a change of circumstance during the Term as a result of which COMPANY reasonably believes that it does not have, or no longer has, the rights necessary to authorize
APPLE to use any COMPANY Content or Artwork as provided for herein, or COMPANY reasonably believes that APPLE’s continued sale of any COMPANY Content or Artwork will substantially harm COMPANY’s relations, or violates the terms of any of
COMPANY’S agreements, with any applicable copyright owner, artist, producer or distributor, then COMPANY shall have the right to withdraw, upon written notice to APPLE’s designated representative, authorization for the sale of such COMPANY
Content or Artwork. Following such withdrawal, APPLE shall cease to offer such COMPANY Content or Artwork for sale within three (3) business days after APPLE’s receipt of such notice of withdrawal, and COMPANY shall use commercially reasonable
efforts to clear such withdrawn COMPANY Content or Artwork and shall promptly notify APPLE if and when such COMPANY Content has been cleared and is again authorized for sale by APPLE through the Online Store. COMPANY shall not withdraw COMPANY
Content if such COMPANY Content is still being made available by COMPANY to any other provider of digital downloads. 

  

	 	7.	Parental Advisory. 

  
 If COMPANY provides a parental advisory warning about a particular sound recording in the Content File, APPLE shall conspicuously display such parental
advisory when other information about such recording is displayed. COMPANY shall be responsible for determining parental advisory warning status. 
  

 4 

	 	8.	Payment and Reports. 

  

	 	(a)	APPLE shall remit payment to COMPANY for the sale of eMasters in accordance with the following: (i) the “sale” of each eMaster shall occur when such eMaster is
successfully delivered by APPLE to an end user; (ii) payments shall accrue at the time that such eMaster is sold; and (iii) for each eMaster sold, APPLE shall pay to COMPANY an amount equal to the wholesale price for the applicable eMaster
(collectively “eMaster Proceeds”). 

  

	 	(b)	APPLE will compute eMaster Proceeds payable to COMPANY after the end of [*], and will send COMPANY a [*] eMaster Proceeds statement in accordance with Apple’s standard business
practices. The eMaster Proceeds statement shall be accompanied with payment in the amount of eMaster Proceeds due within [*] after the end of each such calendar month. Such payment shall constitute full consideration for all rights granted and
obligations undertaken by COMPANY hereunder. 

  

	 	9.	Names and Likenesses; Promotional Use and Opportunities. 

  

	 	(a)	APPLE may use the names and likenesses of, and biographical material concerning, any eMaster artists, bands, producers and/or Songwriters, as well as track and/or album name, and
Artwork, in any APPLE marketing materials for the sale, promotion and advertising of the applicable eMaster which is offered for sale on the Online Store under the terms of this Agreement (e.g., an artist or band name and likeness may be used in an
informational fashion, such as textual displays or other informational passages, to identify and represent authorship, production credits, and performances of the applicable artist or band in connection with the authorized exploitation of applicable
eMasters). Further written approval of COMPANY shall be required if any artist’s name is otherwise used as an endorsement of APPLE, the Online Store, or APPLE’S products. 

  

	 	(b)	APPLE shall have the unrestricted right to market, promote and advertise the Online Store and sound recordings available for purchase on the Online Store as it determines in its
discretion. Without limiting the foregoing, APPLE shall have the right to determine which sound recordings, irrespective of any particular record company or label affiliation, would best further the commercial purpose of the Online Store, and to
promote such sound recordings more than others. 

  

	 	10.	Copyright Notices; Ownership. 

  

	 	(a)	COMPANY may provide a copyright notice (which shall be not more than 21 characters in length) for applicable COMPANY Content and associated Artwork in the Content File, in which
case APPLE shall include such copyright notice in a manner that can be viewed prior to purchase of such eMaster. APPLE shall not knowingly defeat, impair or alter any watermark in COMPANY Content, including any related Artwork or materials delivered
by COMPANY hereunder. 

  

	 	(b)	 As between the Parties, all right, title and interest in and to (i) the COMPANY Content, (ii) the eMasters, excluding the Security Solution, (iii) the Clips, (iv)
all copyrights and equivalent rights embodied therein, and (v) all materials furnished by COMPANY, except as to any rights of APPLE (whether pre-existing or under this Agreement), shall remain the property of COMPANY, it being understood 

  

 5 
  
  

	*	Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions.

	 	 
that under no circumstances shall APPLE have any lesser rights than it would have as a member of the public. 

  

	 	11.	Press Release. 

  
 Without limiting the provisions of Section 16, COMPANY shall not make or issue any public statement or press release regarding this Agreement or its
subject matter without prior written approval from APPLE. 
  

	 	12.	Data Protection. 

  

	 	(a)	APPLE shall use the Security Solution, which shall be no less protective of Company Content than any other security solution provided by APPLE for any other sound recordings on the
Online Store. If the Security Solution is compromised such that eMasters have been unencrypted and are being widely used without restriction, having an adverse material effect on the commercial intent of this Agreement, [*]. The foregoing shall
constitute APPLE’s sole obligation and COMPANY’s sole remedy from APPLE in the event of such a security breach. 

  

	 	(b)	Despite anything to the contrary, in the event that APPLE receives notice of a security breach of the servers or network components that store COMPANY Content or Artwork on the
Online Store such that unauthorized access to COMPANY Content or Artwork becomes available via the Online Store, [*], which shall be APPLE’s sole obligation and COMPANY’s sole remedy from APPLE in the event of such a security breach.

  

	 	(c)	COMPANY Content in APPLE’s control or possession shall reside solely on a network server, workstation or equivalent device owned or controlled by APPLE or its contractors,
located in the U.S.A. (for that portion of the Territory within the U.S. and Canada), and shall be secured with restricted access. 

  

	 	13.	Record-Keeping and Audit. 

  

	 	(a)	APPLE shall maintain and keep complete and accurate books and records concerning the amounts payable to COMPANY arising from transactions relating to APPLE’s sale of [*].

  

	 	(b)	 Upon reasonable advance written notice [*], during the Term and [*] (the “Audit Period”), COMPANY, at COMPANY’s sole expense, may appoint an
independent certified public accountant not then engaged in any audit of APPLE or COMPANY to audit applicable books and records of APPLE at APPLE’S principal place of business in the U.S.A. for the sole purpose of verifying the 

  

 6 
  
  

	*	Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions.

	 	 
amounts due from APPLE to COMPANY hereunder. Such audit shall take place during regular business hours, and shall not occur more than once during any twelve
(12) month period. The certified public accountant shall not be engaged on a contingency-fee basis and must sign and deliver to APPLE a confidentiality agreement in a form acceptable to APPLE that protects APPLE’S confidential information no
less than the terms of this Agreement and no less than COMPANY protects its own similar information. COMPANY may audit information contained in a particular statement only once, and no audit shall be allowed or conducted for a period spanning less
than six (6) months. 

  

	 	(c)	COMPANY shall be deemed to have consented to all accountings rendered by APPLE hereunder, and said accountings shall be binding upon COMPANY and shall not be subject to any
objection by COMPANY for any reason unless specific objections are provided to APPLE in writing during the Audit Period. COMPANY agrees that APPLE’S books and records contain “Confidential Information” (as defined below).

  

	 	14.	Termination and Effect of Termination. 

  

	 	(a)	Either party shall have the right to terminate this Agreement prior to the expiration of the Term in the event that the other party (i) becomes insolvent, (ii) files a petition in
bankruptcy, (iii) makes an assignment for the benefit of creditors, or (iv) breaches any material representation, obligation or covenant contained herein, unless such breach is cured prospectively, no later than thirty (30) days from the date of
receipt of notice of such breach, or if not able to be so cured, then resolved to the other party’s satisfaction, not to be unreasonably withheld. 

  

	 	(b)	Sections 1, 4, 6b, 8, 10b, 11, 13, 14, 15, 16, 17, and 18 shall remain in full force and effect following the expiration or earlier termination of this Agreement. The expiration or
earlier termination of this Agreement shall not relieve COMPANY or APPLE of its respective obligations to make any payments with respect to the sale of eMasters in the periods prior to such expiration or termination (and the associated accounting)
in accordance with this Agreement. 

  

	 	(c)	Upon the expiration or earlier termination of this Agreement, all COMPANY Content, eMasters, Clips, and Artwork in APPLE’S possession or control shall be promptly deleted or
destroyed, excluding any archival copies maintained in accordance with APPLE’s standard business practices or required to be maintained by applicable law, rule or regulation. 

  

	 	15.	Indemnification and Limitation of Liability. 

  

	 	(a)	 APPLE will indemnify and hold harmless, and upon COMPANY’S request, defend, COMPANY and its affiliates (and their respective directors, officers and employees)
from and against any and all losses, liabilities, damages, costs and expenses (including reasonable attorneys’ fees and costs) arising out of a claim by a third party by reason of: (i) any use by APPLE of the COMPANY Content or Artwork in
breach of this Agreement; (ii) a breach of any warranty, representation, covenant or obligation of APPLE under this Agreement; or (iii) any claim that the technology used by APPLE in the Fulfillment Activities infringes the intellectual property
rights of another party. APPLE will reimburse COMPANY and its affiliates on demand for any payments actually made in resolution of any liability or claim that is subject to indemnification under this 

  

 7 

	 	 
Section 15, provided that COMPANY obtains APPLE’s written consent prior to making such payments, such consent not to be unreasonably withheld, delayed
or conditioned. COMPANY shall promptly notify APPLE of any such claim, and APPLE may assume control of the defense of such claim. COMPANY shall have the right, at its expense, to participate in the defense thereof under APPLE’s direction.

  

	 	(b)	COMPANY will indemnify and hold harmless, and upon APPLE’S request, defend, APPLE and its affiliates (and their respective directors, officers and employees) from and against
any and all losses, liabilities, damages, costs or expenses (including reasonable attorneys’ fees and costs) arising out of a claim by a third party by reason of: (i) a breach of any warranty, representation, covenant or obligation of COMPANY
under this Agreement; or (ii) any claim that a sound recording or COMPANY Content, Artwork, metadata or any other materials provided or authorized by or on behalf of COMPANY hereunder or APPLE’s use thereof violates or infringes the rights of
another party. COMPANY will reimburse APPLE and its affiliates on demand for any actual payments made in resolution of any liability or claim that is subject to indemnification under this Section 15, provided that APPLE obtains COMPANY’s
written consent prior to making such payments, such consent not to be unreasonably withheld, delayed or conditioned. APPLE shall promptly notify COMPANY of any such claim, and COMPANY may assume control of the defense of such claim. APPLE shall have
the right, at its expense, to participate in the defense thereof under COMPANY’s direction. 

  

	 	(c)	EXCEPT PURSUANT TO AN EXPRESS INDEMNITY OBLIGATION, IN NO EVENT SHALL EITHER PARTY BE LIABLE TO THE OTHER PARTY FOR INDIRECT, INCIDENTAL, CONSEQUENTIAL OR SPECIAL DAMAGES, INCLUDING
LOSS OF PROFITS OR PUNITIVE DAMAGES, EVEN IF ADVISED OF THEIR POSSIBILITY. 

  

	 	(d)	NO WARRANTY OR TERM, EXPRESS OR IMPLIED, STATUTORY OR OTHERWISE, AS TO THE CONDITION, QUALITY, DURABILITY, PERFORMANCE, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OF THE
ONLINE STORE, THE SECURITY SOLUTION, OR ANY ELEMENTS OF THE FOREGOING IS GIVEN TO, OR SHOULD BE ASSUMED BY, COMPANY, AND ANY SUCH WARRANTIES AND TERMS ARE HEREBY EXCLUDED. 

  

	 	16.	Confidentiality. 

  
 Each party acknowledges that by reason of this Agreement it may have access to certain information and materials concerning the other party’s
business plans, customers, technology and products that are confidential and of substantial value to such party, which value would be impaired if such information were disclosed to third parties or used for purposes other than as expressly permitted
by this Agreement (referred to in this Agreement as “Confidential Information”). Each party agrees to maintain any and all Confidential Information received from the other, in confidence, and agrees not to disclose or otherwise make
available such Confidential Information to any third party without the prior written consent of the disclosing party. Each party agrees that Confidential Information shall be disclosed to its employees and other personnel under its control and
supervision for purposes of performing under this Agreement solely on a need-to-know basis in furtherance of this Agreement, and solely to those individuals who are bound by a written non-disclosure agreement 

  

 8 

 
having terms no less restrictive than the non-disclosure terms of this Section 16, unless required by law, or court or governmental order. Confidential
Information shall be deemed to include (i) information marked confidential, if conveyed in writing, and (ii) information identified orally as confidential, if conveyed orally. Confidential Information shall not be deemed to include any information
which (a) is publicly known at the time of the disclosure, (b) becomes publicly known other than by breach of the terms of this Section 16, (c) becomes known to the disclosing party, without restriction, from a source free of any obligation of
confidentiality and without breach of this Section 16, or (d) is independently developed by the disclosing party. 
  

	 	17.	Additional Representations and Warranties of the Parties. 

  

	 	(a)	Each party represents and warrants that it has full authority to enter into this Agreement, and to fully perform its obligations hereunder. 

  

	 	(b)	Each party represents and warrants that it owns or controls the necessary rights in order to make the grant of rights, licenses and permissions herein, and that the exercise of such
rights, licenses and permissions by the other party hereto shall not violate or infringe the rights of any third party. 

  

	 	(c)	Each party represents and warrants that it shall not act in any manner which conflicts or interferes with any existing commitment or obligation of such party, and that no agreement
previously entered into by such party will interfere with such party’s performance of its obligations under this Agreement. 

  

	 	(d)	Each party represents and warrants that it shall perform in compliance with any applicable laws, rules and regulations of any governmental authority. 

  

	 	18.	General Provisions. 

  

	 	(a)	No Agency or Joint Venture. The parties agree and acknowledge that the relationship between the parties is that of independent contractors acting as seller and purchaser.
This Agreement shall not be deemed to create a partnership or joint venture, and neither party is the other’s agent, partner, employee, or representative. 

  

	 	(b)	Contractors. APPLE may contract with third parties to provide Fulfillment Activities on behalf of APPLE, provided such third parties are subject to terms no less restrictive
than the terms APPLE is subject to under this Agreement. APPLE shall be responsible for the performance of such third parties while under APPLE’S control and supervision. 

  

	 	(c)	 Entire Agreement, Modification, Waiver. This Agreement, including any annexes, schedules and exhibits hereto, contains the entire understanding of the
parties relating to the subject matter hereof, and supersedes all previous agreements or arrangements between the parties relating to the subject matter hereof. This Agreement cannot be changed or modified except by a writing signed by the parties.
A waiver by either party of any term or condition of this Agreement in any instance shall not be deemed or construed as a waiver of such term or condition for the future, or of any subsequent breach thereof. If any provision of this Agreement is
determined by a court of competent jurisdiction to be unenforceable, such determination shall not affect any other provision hereof, 

  

 9 

	 	 
and the unenforceable provision shall be replaced by an enforceable provision that most closely meets the commercial intent of the parties.

  

	 	(d)	Binding on Successors. This Agreement shall be binding on the assigns, heirs, executors, personal representatives, administrators, and successors (whether through merger,
operation of law, or otherwise) of the parties. 

  

	 	(e)	Notices. Any notice, approval, request, authorization, direction or other communication under this Agreement shall be given in writing and shall be deemed to have been
delivered and given for all purposes: (i) on the delivery date if delivered personally to the party to whom the same is directed or delivered; (ii) upon delivery by confirmed-receipt facsimile to the appropriate number set forth below (and, further,
confirmation of receipt is made by telephone); (iii) one (1) business day after deposit with a commercial overnight carrier, with written verification of receipt; or (iv) five (5) business days after the mailing date, whether or not actually
received, if sent by certified mail, return receipt requested, postage and charges prepaid, to the address of the party to whom the same is directed as set forth below (or such other address as such other party may supply by written notice duly
given). 

  
 If to COMPANY: 
  
 with a courtesy copy to (which copy shall not constitute notice):

  
 If to APPLE: 
  
 APPLE Computer, Inc. 
 1 Infinite Loop, MS 82-EC 
 Cupertino, CA
95014 
  
 with a courtesy copy (which copy shall not constitute
notice), to the following: 
  

			
	 Director, ITMS Law
	 	 

  

	 	(f)	Governing Law. This Agreement shall be governed and interpreted in accordance with the internal laws of the State of California applicable to agreements entered into and
wholly to be performed therein, without regard to principles of conflict of laws. Each party agrees that in the event it brings a proceeding against the other party relating to this Agreement, then such proceeding will take place in the jurisdiction
and venue of such other party’s principal place of business, e.g., No. District of California being APPLE’S principal place of business as of the date of this Agreement, and both parties hereby waive any objection to personal jurisdiction
or venue in that forum. 

  

	 	(g)	Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same document.

  

 10 

	 	(h)	Remedies. To the extent permitted by applicable law, the rights and remedies of the parties provided under this Agreement are cumulative and in addition to any other rights
and remedies of the parties at law or equity. 

  

	 	(i)	Headings. The titles used in this Agreement are for convenience only and are not to be considered in construing or interpreting the Agreement. 

  

	 	(j)	No Third-Party Beneficiaries. This Agreement is for the sole benefit of the parties hereto and their authorized successors and permitted assigns. Nothing herein, express or
implied, is intended to or shall confer upon any person or entity, other than the parties hereto and their authorized successors and permitted assigns, any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of
this Agreement. 

  

	 	(k)	Force Majeure. For the purposes of this Agreement, “Force Majeure” shall mean any event which a party hereto could not foresee, such as fire, flood, acts of God or
public enemy, Internet failures, earthquakes, governmental or court order, national emergency, strikes or labor disputes, the effect of which it could not reasonably prevent or predict and which renders impossible or impractical the performance of
contractual obligations either totally or in part. The party invoking a Force Majeure shall notify the other party within three (3) business days of its occurrence by accurately describing all the circumstances of the situation involved and its
effect upon the performance of its contractual obligations. The taking place of a Force Majeure shall have the effect of suspending the obligations of the party which has invoked the provisions of this Section to the extent such obligations are
affected by the Force Majeure. Contractual dates shall be extended for a period equal to the duration of a Force Majeure. The cessation of a Force Majeure shall be communicated by notice within three (3) business days of its occurrence by the party
that invoked it. 

  
 IN WITNESS WHEREOF, the parties hereto have
caused this Agreement to be duly executed by their respective officers thereunto duly authorized. 
  

					
	 APPLE COMPUTER, INC.
	 	 	 	 COMPANY:

			
	  	 	 	 	 Rio Bravo Entertainment, LLC

	 	 	 	 	 d.b.a. Psychobaby Records

									
					
	By:	 	 /s/ Eddy Cue
	 	 	 	By:	 	 /s/ Richard Rees

	 Name:
	 	 Eddy Cue
	 	 	 	 Name:
	 	 Richard Rees

	 Title:
	 	 VP, Apps Division
	 	 	 	 Title:
	 	 President

	 Date:
	 	 3/2/2004
	 	 	 	 Date:
	 	 2-10-2004

  

 11 

 EXHIBIT A 
  

Content Usage Rules 
  
 End users obtaining eMasters from APPLE pursuant to the terms of this Agreement may: 
  

	1.	Burn single-track eMasters an [*] to a CD as part of a playlist. 

  

	2.	Use eMasters in applications using QuickTime. 

  

	3.	Store eMasters on up to five (5) computers at the same time. 

  

	4.	Subject to Paragraph 3. above, transfer eMasters to, and/or render from, a Device so long as such Device includes the Security Solution. 

  

	5.	Use eMasters solely for end user’s personal use. 

  

 12 
  
  

	*	Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions.

 EXHIBIT B 
  

COMPANY Schedule of Wholesale Prices 
  
 United States and Canada 
  
 Single Tracks 
  

	
	 Wholesale Price

	 US$[*] per eMaster sold by APPLE hereunder

  
 Multi-Track Album 
  

	**	[*]. 

  

			
	Wholesale Price

	$[*] **	  	[*]
	$[*] **	  	[*]
	$[*] **	  	[*]
	$[*] **	  	[*]

  
 Others (short multi-track albums and multi CDs) 
  

	
	 Wholesale Price

	 $[*] X (# CDs)         multi-CD Sets

	 $Sum of # of tracks@ $[*] CD-Single

  

 13 
  
  

	*	Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions.Digital Distribution Agreement dated as of October 1, 2005

 Exhibit 10.24 
  
 Digital Distribution Agreement 
  
 This Agreement made this 1 day of October, 2005 describes the legal relationship between Fullfill aka Artful Records (Hereinafter referred to as “Label”) and
Rio Bravo Entertainment, LLC. d/b/a Psychobaby (collectively with our licensees and assignees referred to in this Agreement as “Psychobaby.”) 
  

	1.	Definitions. 

  
 The following terms shall have the following meanings for purposes of this Agreement: 
  

	a.	“Digital Master” or “Digital Masters” means copies of Label’s sound recordings and underlying musical compositions that Label owns, controls, or has the
appropriate rights to distribute in a digital form, which Psychobaby may sell or authorize Digital Store(s) to sell via Electronic Transmission, including but not limited to, permanent digital download, streams, “conditional download,”
burns, ring tones, real tones, or other digital form as individual tracks or as a whole album, and artwork pursuant to the terms and conditions of this Agreement. 

  
 Any sound recordings and the underlying musical compositions that are provided by or on behalf of Label to Psychobaby must
be owned or controlled by Label and/or have been cleared by Label. Any sound recording provided by Label to Psychobaby shall be deemed subject to this agreement. 
  

	b.	“Digital Store” means any third party, including but not limited to iTunes, Sony Connect, Napster, Real Networks, Hear Music, E-Music, MusicMatch, that Psychobaby in its
sole discretion may authorize to carry out the marketing, distribution and sale or other use of the Digital Masters pursuant to the terms of this Agreement. 

  

	c.	“The Effective Date of this Agreement” shall mean either the date of this agreement or the day that the first Digital Masters are received by Psychobaby from The Label,
which ever is the later. 

  

	d.	“Term” means the period beginning on the Effective Date of this Agreement and ending one year after the Effective Date. 

  

	e.	“Territory” means the Universe. 

  

	f.	“Artwork” means album cover artwork and any other artwork relating to Label Digital Master(s) that Label provides to Psychobaby. Any artwork that is provided by or on
behalf of Label to Psychobaby before or during the Term will be deemed to have been cleared by Label unless Label promptly notifies Psychobaby in writing to the contrary. 

	g.	“Metadata” means the following categories of information in respect to each Digital Master: track title; album title; artist name; genre; copyright information; label
name; ISRC and UPC identifiers; “Explicit Lyrics,” identification; biographical information; sales information- including pricing, date of first release; territories available for release; Songwriter and Publisher information.

  

	h.	“Electronic Transmission” - means any transmission, whether sound alone, sound coupled with an image, or sound coupled with data, in any form, analog or digital, now known
or later developed (including, but not limited to, “cybercasts,” “webcasts,” “streaming audio,” “streaming audio/video,” “digital downloads,” direct broadcast satellite, point-to-multipoint
satellite, multipoint distribution service, point-to-point distribution service, cable system, telephone system, broadcast station, and any other forms of transmission now known or hereafter devised) whether or not such transmission is made
on-demand or near on-demand, whether or not a direct or indirect charge is made to receive the transmission and whether or not such transmission results in a specifically identifiable reproduction by or for any transmission recipient.

  

	2.	Rights 

  

	a.	Subject to the terms of this Agreement, Label hereby appoints Psychobaby as Label’s exclusive authorized representative for the sale and electronic transmission of its Digital
Masters. Accordingly, Label hereby grants an exclusive right to Psychobaby, during the Term, to: (i) Reproduce and convert Label’s content delivered by Label into Digital Masters; (ii) Perform and make thirty (30) second clips of
the Label’s content available by streaming (“Clips”) to promote the sale and distribution of applicable Digital Masters; (iii) Promote, sell, distribute, and electronically transmit and deliver Digital Masters, as individual
tracks or entire albums, and associated Metadata to purchasers who may use such Digital Masters in accordance with usage rules similar to those set forth by the music services; 

  
 (iv) Display and electronically transmit and deliver Artwork for use solely
in conjunction with the applicable purchased Digital Master(s); (v) Use Labels’ Content, Artwork and Metadata as may be reasonably necessary or desirable for Psychobaby to exercise Psychobaby rights under the terms of this Agreement; and
(vi) authorize or appoint any Online Store(s) to perform the activities in (i)-(v) above. 
  

	b.	Psychobaby may use and authorize its Online Store(s) to use the names and likenesses of, and biographical material concerning and of the Labels artists, bands, producers and/or
songwriters, as well as track and/or album name, and Artwork, in any marketing materials for the sale, promotion and advertising of the applicable Digital Master which is offered for sale or other use under the terms of this Agreement (e.g., an
artist or band name and likeness may be used in an informational fashion, such as textual displays or other informational passages, to identify and represent authorship, production credits, and performances of the applicable artist or band in
connection with the authorized exploitation of applicable Digital Masters). Psychobaby and any of its Online Store(s) shall have the unrestricted right to market, promote and advertise the Digital Masters available for purchase as it determines in
its discretion. 

 Nothing herein shall obligate Psychobaby or any Online Store(s) to actually exercise any rights granted under this
Agreement. 
  

	3.	LABEL’s Obligations. 

  
 Label shall obtain and pay for any necessary clearances and licenses in the Territory for all Label Content and Artwork. Specifically, Label shall be responsible for and
timely pay (i) any royalties and other income due to artists, authors, co-authors, copyright owners, co-copyright owners, producers and other record royalty participants from sales or other uses of Digital Masters, (ii) all mechanical royalties
payable to publishers and/or authors or co-authors of copyrighted musical compositions embodied in Digital Masters from sales or other uses of Digital Masters, (iii) all payments that may be required under collective bargaining agreements applicable
to Label or third parties other than Psychobaby, and (iv) any other royalties, fees and/or sums payable with respect to the Label Content, Artwork, Metadata and other materials provided by Label to Psychobaby. 
  
 (v) Label agrees that it shall prominently promote no less than one (1) of
Psychobaby’s Online Store(s) on Label’s own website and any artist’s website that the Label has provided Psychobaby music for, and shall provide a link to said Online Store(s). (Eg. featured on iTunes logo.) 
  

	4.	Payment. 

  
 Psychobaby shall pay Label [*] of the total revenues that Psychobaby receives from Online Store(s) for the sale or other use of Label’s Digital Masters. Psychobaby will compute amounts payable to the Label within
[*] of the end of each [*] during the Term, and will provide a [*] statement to Label in accordance with Psychobaby’s standard business practices. Such payment shall constitute full consideration for all rights granted and obligations
undertaken by Label hereunder. 
  

	5.	Ownership. 

  
 As between the Parties, all right, title and interest in and to (i) Label’s Sound Recordings and Artwork, (ii) the Digital Masters, (iii) the Clips, (iv) all copyrights and equivalent rights
embodied therein, and (v) all materials furnished by Label, except as to any rights of Psychobaby (whether pre-existing or under this Agreement), shall remain the property of Label, it being understood that under no circumstances shall
Psychobaby have any lesser rights than it would have as a member of the public. 
  

	6.	Indemnification and Limitation of Liability. 

  

	a.	 Label will indemnify, defend and hold harmless, and upon Psychobaby’s request, defend, Psychobaby and its Online Store(s) and affiliates (and their respective
directors, officers and employees) from and against any and all losses, liabilities, damages, costs or expenses (including reasonable attorneys’ fees and costs) arising out of a claim by a third party by reason of: (i) a breach of any
warranty, representation, covenant or obligation by Label under this Agreement; or (ii) any claim that any Digital 

  

  

	*	Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions.

	 	 
Master, sound recording or Label Content, Artwork, Metadata or any other materials provided or authorized by or on behalf of Label hereunder or
Psychobaby’s or its Online Store(s) use thereof violates or infringes the rights of another party. Label will reimburse Psychobaby and its Online Store(s) and affiliates on demand for any actual payments made in resolution of any liability or
claim that is subject to indemnification under this Section 6, provided that Psychobaby obtains Label’s written consent prior to making such payments, such consent not to be unreasonably withheld, delayed or conditioned Psychobaby shall
promptly notify Label of any such claim. Label may assume control of the defense of such claim. Psychobaby shall have the right, to participate in the defense thereof under Label’s direction. Pending final determination of any claim involving
such alleged breach or failure, Company may withhold sums due you hereunder in an amount reasonably related to the amount of such claim. If no action is filed within one (1) year following the date on which such claim was first received by
Company, Company shall release all sums withheld in connection with such claim, unless Company, in its reasonable business judgment, believes an action will be filed thereafter. Notwithstanding the foregoing, if, after such release by Company of
sums withheld in connection with a particular claim, such claim is reasserted, then Company’s rights under this paragraph will apply ab initio in full force and effect. You shall have the right to participate in the defense of any action
instituted on a claim for which you are responsible to indemnify Company using counsel of your choice and at your expense; however, Company shall have the right at all times to maintain control of the conduct of the defense.

  

	b.	Label represents and warrants that it has the full authority to act on behalf of any and all owners of any right, title and interest in and to the Label Sound Recordings and
artwork; that it has full authority to enter into this Agreement and to fully perform its obligations hereunder and has obtained all necessary third-party consents, licenses and permissions necessary to enter into and fully perform its obligations
herein; that it owns or controls the necessary rights in order to make the grant of rights, licenses and permissions herein, and that the exercise of such rights, licenses and permissions by the other party hereto shall not violate or infringe the
rights of any third party; that it shall not act in any manner which conflicts or interferes with any existing commitment or obligation of such party, and that no agreement previously entered into by such party will interfere with such party’s
performance of its obligations under this Agreement. 

  

	c.	The warranties and indemnifications herein shall survive the termination of this agreement. 

  

	7.	General Provisions. 

  

	a.	No Agency or Joint Venture. The parties agree and acknowledge that the relationship between the parties is that of independent contractors. This Agreement shall not be deemed
to create a partnership or joint venture, and neither party is the other’s agent, partner, employee, or
representative. 

  

	b.	Binding on Successors. This Agreement shall be binding on the assigns, heirs, executors, personal representatives, administrators, and successors (whether through merger,
operation of law, or otherwise) of the parties. 

	d.	Notices. Any notice, approval, request, authorization, direction or other communication under this Agreement shall be given in writing and shall be deemed to have been delivered and
given for all purposes: (i) on the delivery date if sent by electronic mail to the addresses provided to and by Label upon registration with the Psychobaby, or as property updated. 

  

	e.	This writing contains the entire understanding between the parties and supercedes any previous agreements between the parties. During the term of this Agreement, it is understood
and agreed that there shall be no change or modification of this Agreement unless reduced to writing and signed by all parties hereto. This agreement shall be governed by the laws of the State of New York, and subject to the exclusive jurisdiction
of the courts located in the State of New York. 

  

	f.	Cure. If either party hereto alleges that the other has breached this agreement, they must notify the other party in writing of such breach and then the other party shall
have a period of thirty (30) days to cure such breach. 

  

			
	 Accepted and Agreed to:

	
	 Rio Bravo Entertainment, LLC d/b/a Psychobaby

		
	By:	 	/s/    RICHARD REES        
		
	By:	 	/s/    JOHN LENNARD        
	 Label:
	 	 Fulfill aka Artful Records

	
	Address _________________
	
	 City, State ____________

	
	 Zip ___________Web site URL _______________

	
	 e-mail _________________________

	
	 Fed ID/Social Security _______________

	
	 Phone ___________________ Fax ___________

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00091-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00091-of-00352.parquet"}]]