Artist:   Sleep Fourthousand

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Music License Agreement
This Music License Agreement (this "Agreement") is made effective as of October 15, 2016 between Sleep Fourthousand, of 3449 Avondale, St Louis, Missouri 63121 and the purchaser of the mp3.
In the Agreement, the party who is granting the right to use the licensed property will be referred to as "Copyright Owner", and the party who is receiving the right to use the licensed property will be referred to as "Licensee".
WHEREAS, the Copyright Owner owns the copyright, publishing rights and all other related rights in and to certain Music, and Musical Instrumentation.

WHEREAS, the Licensee desires to obtain certain rights to the Music for using it.
?GRANT OF LICENSE. Copyright Owner owns Music ("Track"). In accordance with this Agreement, the Copyright Owner hereby grants to the Licensee, its successors and assigns, subject to the payments set forth below, the right, license and privilege to use the Music Licensee cannot use, or sell the track without the purchase of the Exclusive Rights. Track will not come off the market, and will still be made available for re-purchase online. Purchase does not include Session Track-Outs/ Beat Stems. Copyright Owner retains title and ownership of the Track.
The Licensee shall have the right to record and rerecord in the above described geographical area, the Music only in synchronism or time relation with the visual materials prepared by Licensee, and to reproduce, distribute, import and sell said product on CD-ROM or CD-I, or electronically, throughout the geographical area.
NOW, THEREFORE, in consideration of the promises, conditions, covenants and warranties herein contained, the parties agree as follows:
The parties agree as follows:
PAYMENT OF ROYALTY. Licensee will pay to Copyright Owner a royalty which shall be calculated as follows: ($25) Twenty-five dollars. The royalty shall be paid at the time of the signing of this Agreement.
RIGHTS AND OBLIGATIONS. Copyright Owner reserves unto itself all rights of every kind and nature except those specifically granted to Licensee herein. The Licensee shall be solely responsible for providing all funding and technical expertise for the recording and synchronization of the music and shall be the sole owner of the product in which the Music is used and all proprietary rights in and to it; except, such ownership shall not include ownership of the copyrights and/or publishing rights in and to the Music or any other rights to the Music not specifically granted. The Licensee shall identify the Copyright Owner as the owner of the Music on the packaging and in all promotional literature and advertisements for its product.
MODIFICATIONS. Unless the prior written approval of Sleep is obtained, Licensee may not modify or change the Track in any manner.
DEFAULTS. If Licensee fails to abide by the obligations of this Agreement, including the obligation to make a royalty payment when due, Sleep shall have the option to cancel this Agreement by providing 7 days written notice to the time of purchase. Licensee shall have the option of preventing the termination of this Agreement by taking corrective action that cures the default, if such corrective action is taken prior to the end of the time period stated in the previous sentence, and if there are no other defaults during such time period.
ARBITRATION. All disputes under this Agreement that cannot be resolved by the parties shall be submitted to arbitration under the rules and regulations of the American Arbitration Association. Either party may invoke this paragraph after providing 30 days written notice to the other party. All costs of arbitration shall be divided equally between the parties. Any award may be enforced by a court of law.
INDEMNIFICATION. The Copyright Owner shall indemnify and hold harmless the Licensee, its successors, assigns and licensees, and the respective officers, directors, agents and employees, from and against any and all claims, damages, liabili

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