Licensing Agreement Preview*

This licensing agreement ("Agreement") is made by and between [the audio producer whose track is licensed] (hereafter, "Audio Producer") and [the party who licenses the track from Audio Producer] (hereafter, "Sourcing User"). Both parties agree and affirm that this Agreement is made in accordance with, and subject to, the Audio Sourcing Rules set forth in Section II and III of the Terms of Use, incorporated by reference herein. Both parties agree and affirm that no other instrument shall be required to make this Agreement valid.

LICENSE GRANT

In consideration of the proceeds (as specified on the applicable audio sourcing platform) derived from Sourcing User licensing the audio production titled "[title of licensed audio production]", Audio Producer hereby grants Sourcing User the following license to use said audio production ("License"):

An exclusive and worldwide, transferable, non-sublicensable right and license to use the audio production, including but not limited to: to make reproductions of the Audio Production, to couple and/or synchronize the Audio Production, and to reproduce and make copies thereof, with visual images and to use the Audio Production as so coupled or synchronized, or to use the Audio Production on an audio-only or transcription basis, to distribute and publicly perform the Audio Production over the internet or in connection with any other broadcast, transmission, public performance, exhibition or distribution means or media, or media product, mobile or fixed, now known or hereafter devised, including but not limited to broadcast and cable television, radio, motion pictures, internet and websites, as part of mobile applications, advertising, promotion, marketing, branding, whether single or multiple campaigns utilizing different media, and/or any other use deemed fit by the Sourcing User. The license granted hereunder shall be valid for [a licensing term chosen by Sourcing User], and is made effective upon [Sourcing User] e-signing the License on the Audiodraft platform.

EFFECTIVE DATE

The effective date of this Agreement is [the date when Sourcing User e-signs the License on the Audiodraft platform].