Yvng Finxssa: MP3 Lease

License Agreement for Invoice# PRO3519057_0238546001638837774_85879328928057

This Non-Exclusive MP3 Lease License Agreement (the “Agreement”), having been made on and effective as
of Mon, 06 Dec 2021 19:42:54 -0500 (the “Effective Date”) by and between Nathanael John p/k/a Yvng Finxssa;
k4pel_beats (Collaborator) (the “Producer” or “Licensor”); and Pedro Costa residing at Rua Augusto Da Cunha
Lamas, ODIVELAS Colinas PT1675 (“You” or “Licensee”), sets forth the terms and conditions of the Licensee’s
use, and the rights granted in, the Producer’s instrumental music file entitled TRIPS (the “Beat”) in consideration
for Licensee’s payment of $30 (the “License Fee”), on a so-called “MP3 Lease” basis.
This Agreement is issued solely in connection with and for Licensee's use of the Beat pursuant and subject to all
terms and conditions set forth herein.

1. License Fee: The Licensee to shall make payment of the License Fee to Licensor on the date of this Agreement. All
rights granted to Licensee by Producer in the Beat are conditional upon Licensee’s timely payment of the License Fee.
The License Fee is a one-time payment for the rights granted to Licensee and this Agreement is not valid until the
License Fee has been paid.

2. Delivery of the Beat:

a. Licensor agrees to deliver the Beat as a high-quality MP3, as such terms are understood in the music industry.
b. Licensor shall use commercially reasonable efforts to deliver the Beat to Licensee immediately after payment of
the License Fee is made. Licensee will receive the Beat via email, to the email address Licensee provided to
Licensor.

3. Term: The Term of this Agreement shall be ten (10) years and this license shall expire on the ten (10) year anniversary
of the Effective Date.

4. Use of the Beat:

a. In consideration for Licensee’s payment of the License Fee, the Producer hereby grants Licensee a
limited non-exclusive, nontransferable license and the right to incorporate, include and/or use the Beat in the
preparation of one (1) new song or to incorporate the Beat into a new piece of instrumental music created by
the Licensee. Licensee may create the new song or new instrumental music by recording his/her written lyrics
over the Beat and/or by incorporating portions/samples of the Beat into pre-existing instrumental music written,
produced and/or owned by Licensee. The new song or piece of instrumental music created by the Licensee
which incorporates some or all of the Beat shall be referred to as the “New Song”. Permission is granted to
Licensee to modify the arrangement, length, tempo, or pitch of the Beat in preparation of the New Song for
public release.
b. This License grants Licensee a worldwide, non-exclusive license to use the Beat as incorporated in the New
Song in the manners and for the purposes expressly provided for herein, subject to the sale restrictions,
limitations and prohibited uses stated in this Agreement. Licensee acknowledges and agrees that any and all
rights granted to Licensee in the Beat pursuant to this Agreement are on a NON-EXCLUSIVE basis and
Producer shall continue to license the Beat upon the same or similar terms and conditions as this Agreement to
other potential third-party licensees.
The New Song may be used for any promotional purposes, including but not limited to, a release in a
single format, for inclusion in a mixtape or free compilation of music bundled together (EP or album),
and/or promotional, non-monetized digital streaming;
Licensee may perform the song publicly for-profit performances and for an Unlimited non-profit
performances, including but not limited to, at a live performance (i.e. concert, festival, nightclub etc.), on
terrestrial or satellite radio, and/or on the internet via third-party streaming services (Spotify, YouTube,
iTunes Radio etc.). The New Song may be played on 2 terrestrial or satellite radio stations;
The Licensee may use the New Song in synchronization with One (1) audiovisual work no longer than
five (5) minutes in length (a “Video”). In the event that the New Song itself is longer than five (5) minutes
in length, the Video may not play for longer than the length of the New Song. The Video may be
broadcast on any television network and/or uploaded to the internet for digital streaming and/or free
download by the public including but not limited to on YouTube and/or Vevo. Producer grants no other
synchronization rights to Licensee;
The Licensee may make the New Song available for sale in physical and/or digital form and sell 2000
downloads/physical music products and are allowed 500000 monetized audio streams, 1 monetized
video streams, 500000 non-monetized video streams and are allowed Unlimited free downloads. The
New Song may be available for sale as a single and/or included in a compilation of other songs bundled
together by Licensee as an EP or a full-length Album. The New Song may be sold via digital retailers for
permanent digital download in mp3 format and/or physical format, including compact disc and vinyl
records. For clarity and avoidance of doubt, the Licensee does NOT have the right to sell the Beat in the

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License Agreement for Invoice# PRO3519057_0238546001638837774_85879328928057

form that it was delivered to Licensee. The Licensee must create a New Song (or instrumental as
detailed above) for its rights under this provision to a vest. Any sale of the Beat in its original form by
Licensee shall be a material breach of this Agreement and the Licensee shall be liable to the Licensor
for damages as provided hereunder.

c. Subject to the Licensee’s compliance with the terms and conditions of this Agreement, Licensee shall not be
required to account or pay to Producer any royalties, fees, or monies paid to or collected by the Licensee
(expressly excluding mechanical royalties), or which would otherwise be payable to Producer in connection with
the use/exploitation of the New Song as set forth in this Agreement.

5. Restrictions on the Use of the Beat: Licensee hereby agrees and acknowledges that it is expressly prohibited from
taking any action(s) and from engaging in any use of the Beat or New Song in the manners, or for the purposes, set
forth below:
a. The rights granted to Licensee are NON-TRANSFERABLE and that Licensee may not transfer or assign any of
its rights hereunder to any third-party;
b. The Licensee shall not synchronize, or permit third parties to synchronize, the Beat or New Song with any
audiovisual works EXCEPT as expressly provided for and pursuant to Paragraph 4(b)(iii) of this Agreement for
use in one (1) Video. This restriction includes, but is not limited to, use of the Beat and/or New Song in
television, commercials, film/movies, theatrical works, video games, and in any other form on the Internet which
is not expressly permitted herein.
c. The Licensee shall not have the right to license or sublicense any use of the Beat or of the New Song, in whole
or in part, for any so-called “samples”.
d. Licensee shall not engage in any unlawful copying, streaming, duplicating, selling, lending, renting, hiring,
broadcasting, uploading, or downloading to any database, servers, computers, peer to peer sharing, or other
file-sharing services, posting on websites, or distribution of the Beat in the form, or a substantially similar form,
as delivered to Licensee. Licensee may send the Beat file to any individual musician, engineer, studio manager
or other people who are working on the New Song.
e. THE LICENSEE IS EXPRESSLY PROHIBITED FROM REGISTERING THE BEAT AND/OR NEW SONG
WITH ANY CONTENT IDENTIFICATION SYSTEM, SERVICE PROVIDER, MUSIC DISTRIBUTOR, RECORD
LABEL OR DIGITAL AGGREGATOR (for example TuneCore or CDBaby, and any other provider of user-
generated content identification services). The purpose of this restriction is to prevent you from receiving a
copyright infringement takedown notice from a third party who also received a non-exclusive license to use the
Beat in a New Song. The Beat has already been tagged for Content Identification (as that term is used in the
music industry) by Producer as a pre-emptive measure to protect all interested parties in the New Song. If you
do not adhere to this policy, you are in violation of the terms of this License and your license to use the Beat
and/or New Song may be revoked without notice or compensation to you.
f. As applicable to both the underlying composition in the Beat and to the master recording of the Beat: (i) The
parties acknowledge and agree that the New Song is a “derivative work”, as that term is used in the United
States Copyright Act; (ii) As applicable to the Beat and/or the New Song, there is no intention by the parties to
create a joint work; and (iii) There is no intention by the Licensor to grant any rights in and/or to any other
derivative works that may have been created by other third-party licensees.

6. Ownership:
a. The Producer is and shall remain the sole owner and holder of all rights, title, and interest in the Beat, including
all copyrights to and in the sound recording and the underlying musical compositions written and composed by
Producer. Nothing contained herein shall constitute an assignment by Producer to Licensee of any of the
foregoing rights. Licensee may not, under any circumstances, register or attempt to register the New Song
and/or the Beat with the U.S. Copyright Office. The aforementioned right to register the New Song and/or the
Beat shall be strictly limited to Producer. Licensee will, upon request, execute, acknowledge and deliver to
Producer such additional documents as Producer may deem necessary to evidence and effectuate Producer’s
rights hereunder, and Licensee hereby grants to Producer the right as attorney-in-fact to execute, acknowledge,
deliver and record in the U.S. Copyright Office or elsewhere any and all such documents if Licensee shall fail to
execute same within five (5) days after so requested by Producer.
b. For the avoidance of doubt, you do not own the master or the sound recording rights in the New Song. You
have been licensed the right to use the Beat in the New Song and to commercially exploit the New Song based
on the terms and conditions of this Agreement.
Notwithstanding the above, you do own the lyrics or other original musical components of the New Song
that were written or composed solely by you.

c. With respect to the publishing rights and ownership of the underlying composition embodied in the
New Song, the Licensee, and the Producer hereby acknowledge and agree that the underlying

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License Agreement for Invoice# PRO3519057_0238546001638837774_85879328928057

composition shall be owned/split between them as follows:

- Pedro Costa, owns 50% of the writers share.
- Nathanael John, owns 25% of the writers share.
- (k4pel_beats), owns 25.00% of the writers share.

Producer shall own, control, and administer Fifty Percent (50%) of the so-called “Publisher’s Share” of
the underlying composition.
In the event that Licensee wishes to register his/her interests and rights to the underlying
composition of the New Song with their Performing Rights Organization (“PRO”), Licensee must
simultaneously identify and register the Producer’s share and ownership interest in the
composition to indicate that Producer wrote and owns 50% of the composition in the New Song
and as the owner of 100% of the Publisher’s share of the New Song.

d. The licensee shall be deemed to have signed, affirmed and ratified its acceptance of the terms of this
Agreement by virtue of its payment of the License Fee to Licensor and its electronic acceptance of its terms
and conditions at the time Licensee made payment of the License Fee.

7. Mechanical License: If any selection or musical composition, or any portion thereof, recorded in the New Song
hereunder is written or composed by Producer, in whole or in part, alone or in collaboration with others, or is owned or
controlled, in whole or in part, directly or indirectly, by Producer or any person, firm, or corporation in which Producer
has a direct or indirect interest, then such selection and/or musical composition shall be hereinafter referred to as a
“Controlled Composition”. Producer hereby agrees to issue or cause to be issued, as applicable, to Licensee,
mechanical licenses in respect of each Controlled Composition, which are embodied on the New Song. For that
license, on the United States and Canada sales, Licensee will pay mechanical royalties at one hundred percent (100%)
of the minimum statutory rate, subject to no cap of that rate for albums and/or EPs. For license outside the United
States and Canada, the mechanical royalty rate will be the rate prevailing on an industry-wide basis in the country
concerned on the date that this agreement has been entered into.

8. Credit: Licensee shall have the right to use and permit others to use Producer’s approved name, approved likeness,
and other approved identification and approved biographical material concerning the Producer solely for purposes of
trade and otherwise without restriction solely in connection with the New Song recorded hereunder. Licensee shall use
best efforts to have Producer credited as a “producer” and shall give Producer appropriate production and songwriting
credit on all compact discs, record, music video, and digital labels or any other record configuration manufactured
which is now known or created in the future that embodies the New Song created hereunder and on all cover liner
notes, any records containing the New Song and on the front and/or back cover of any album listing the New Song and
other musician credits. The licensee shall use its best efforts to ensure that Producer is properly credited and Licensee
shall check all proofs for the accuracy of credits, and shall use its best efforts to cure any mistakes regarding
Producer's credit. In the event of any failure by Licensee to issue the credit to Producer, Licensee must use reasonable
efforts to correct any such failure immediately and on a prospective basis. Such credit shall be in the substantial form:
“Produced by Yvng Finxssa; k4pel_beats (Collaborator)”.

9. Licensor’s Option: Licensor shall have the option, at Licensor’s sole discretion, to terminate this License at any time
within three (3) years of the date of this Agreement upon written notice to Licensee. In the event that Licensor
exercises this option, Licensor shall pay to Licensee a sum equal to Two Hundred Percent (200%) of the License Fee
paid by Licensee. Upon Licensor’s exercise of the option, Licensee must immediately remove the New Song from any
and all digital and physical distribution channels and must immediately cease access to any streams and/or downloads
of the New Song by the general public.

10. Breach by Licensee:

a. The licensee shall have five (5) business days from its receipt of written notice by Producer and/or Producer’s
authorized representative to cure any alleged breach of this Agreement by Licensee. Licensee’s failure to cure
the alleged breach within five (5) business days shall result in Licensee’s default of its obligations, its breach of
this Agreement, and at Producer's sole discretion, the termination of Licensee’s rights hereunder.
b. If Licensee engages in the commercial exploitation and/or sale of the Beat or New Song outside of the manner
and amount expressly provided for in this Agreement, Licensee shall be liable to Producer for monetary
damages in an amount equal to any and all monies paid, collected by, or received by Licensee, or any third
party on its behalf, in connection with such unauthorized commercial exploitation of the Beat and/or New Song.
c. Licensee recognizes and agrees that a breach or threatened breach of this Agreement by Licensee give rise to
irreparable injury to Producer, which may not be adequately compensated by damages. Accordingly, in the
event of a breach or threatened breach by the Licensee of the provisions of this Agreement, Producer may
seek and shall be entitled to a temporary restraining order and a preliminary injunction restraining the Licensee

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License Agreement for Invoice# PRO3519057_0238546001638837774_85879328928057

from violating the provisions of this Agreement. Nothing herein shall prohibit Producer from pursuing any other
available legal or equitable remedy from such breach or threatened breach, including but not limited to the
recovery of damages from the Licensee. The Licensee shall be responsible for all costs, expenses or damages
that Producer incurs as a result of any violation by the Licensee of any provision of this Agreement. Licensee’
obligation shall include court costs, litigation expenses, and reasonable attorneys' fees.

11. Warranties, Representations, and Indemnification:

a. Licensee hereby agrees that Licensor has not made any guarantees or promises that the Beat fits the particular
creative use or musical purpose intended or desired by the Licensee. The Beat, its sound recording, and the
underlying musical composition embodied therein are licensed to the Licensee “as is” without warranties of any
kind or fitness for a particular purpose.
b. Producer warrants and represents that he has the full right and ability to enter into this agreement, and is not
under any disability, restriction, or prohibition with respect to the grant of rights hereunder. Producer warrants
that the manufacture, sale, distribution, or other exploitation of the New Song hereunder will not infringe upon or
violate any common law or statutory right of any person, firm, or corporation; including, without limitation,
contractual rights, copyrights, and right(s) of privacy and publicity and will not constitute libel and/or slander.
Licensee warrants that the manufacture, sale, distribution, or other exploitation of the New Song hereunder will
not infringe upon or violate any common law or statutory right of any person, firm, or corporation; including,
without limitation, contractual rights, copyrights, and right(s) of privacy and publicity and will not constitute libel
and/or slander. The foregoing notwithstanding, Producer undertakes no responsibility whatsoever as to any
elements added to the New Song by Licensee, and Licensee indemnifies and holds Producer harmless for any
such elements. Producer warrants that he did not “sample” (as that term is commonly understood in the
recording industry) any copyrighted material or sound recordings belonging to any other person, firm, or
corporation (hereinafter referred to as “Owner”) without first having notified Licensee. The licensee shall have
no obligation to approve the use of any sample thereof; however, if approved, any payment in connection
therewith, including any associated legal clearance costs, shall be borne by Licensee. Knowledge by Licensee
that “samples” were used by Producer which was not affirmatively disclosed by Producer to Licensee shall shift,
in whole or in part, the liability for infringement or violation of the rights of any third party arising from the use of
any such “sample” from Producer to Licensee.
c. Parties hereto shall indemnify and hold each other harmless from any and all third party claims, liabilities, costs,
losses, damages or expenses as are actually incurred by the non-defaulting party and shall hold the non-
defaulting party, free, safe, and harmless against and from any and all claims, suits, demands, costs, liabilities,
loss, damages, judgments, recoveries, costs, and expenses; (including, without limitation, reasonable attorneys'
fees), which may be made or brought, paid, or incurred by reason of any breach or claim of breach of the
warranties and representations hereunder by the defaulting party, their agents, heirs, successors, assigns and
employees, which have been reduced to final judgment; provided that prior to final judgment, arising out of any
breach of any representations or warranties of the defaulting party contained in this agreement or any failure by
defaulting party to perform any obligations on its part to be performed hereunder the non-defaulting party has
given the defaulting party prompt written notice of all claims and the right to participate in the defense with
counsel of its choice at its sole expense. In no event shall Artist be entitled to seek injunctive or any other
equitable relief for any breach or non-compliance with any provision of this agreement.

12. Miscellaneous: This Agreement constitutes the entire understanding of the parties and is intended as a final expression
of their agreement and cannot be altered, modified, amended or waived, in whole or in part, except by written
instrument (email being sufficient) signed by both parties hereto. This agreement supersedes all prior agreements
between the parties, whether oral or written. Should any provision of this agreement be held to be void, invalid or
inoperative, such decision shall not affect any other provision hereof, and the remainder of this agreement shall be
effective as though such void, invalid or inoperative provision had not been contained herein. No failure by Licensor
hereto to perform any of its obligations hereunder shall be deemed a material breach of this agreement until the
Licensee gives Licensor written notice of its failure to perform, and such failure has not been corrected within thirty (30)
days from and after the service of such notice, or, if such breach is not reasonably capable of being cured within such
thirty (30) day period, Licensor does not commence to cure such breach within said time period, and proceed with
reasonable diligence to complete the curing of such breach thereafter. This agreement shall be governed by and
interpreted in accordance with the laws of the New York US applicable to agreements entered into and wholly
performed in said State, without regard to any conflict of laws principles. You hereby agree that the exclusive
jurisdiction and venue for any action, suit or proceeding based upon any matter, claim or controversy arising hereunder
or relating hereto shall be in the state or federal courts located in the New York US. You shall not be entitled to any
monies in connection with the Master(s) other than as specifically set forth herein. All notices pursuant to this
agreement shall be in writing and shall be given by registered or certified mail, return receipt requested (prepaid) at the
respective addresses hereinabove set forth or such other address or addresses as may be designated by either party.
Such notices shall be deemed given when received. Any notice mailed will be deemed to have been received five (5)

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License Agreement for Invoice# PRO3519057_0238546001638837774_85879328928057

business days after it is mailed; any notice dispatched by expedited delivery service will be deemed to be received two
(2) business days after it is dispatched. YOU ACKNOWLEDGE AND AGREE THAT YOU HAVE READ THIS
AGREEMENT AND HAVE BEEN ADVISED BY US OF THE SIGNIFICANT IMPORTANCE OF RETAINING AN
INDEPENDENT ATTORNEY OF YOUR CHOICE TO REVIEW THIS AGREEMENT ON YOUR BEHALF. YOU
ACKNOWLEDGE AND AGREE THAT YOU HAVE HAD THE UNRESTRICTED OPPORTUNITY TO BE
REPRESENTED BY AN INDEPENDENT ATTORNEY. IN THE EVENT OF YOUR FAILURE TO OBTAIN AN
INDEPENDENT ATTORNEY OR WAIVER THEREOF, YOU HEREBY WARRANT AND REPRESENT THAT YOU
WILL NOT ATTEMPT TO USE SUCH FAILURE AND/OR WAIVER as a basis to avoid any obligations under this
agreement, or to invalidate this agreement or To render this agreement or any part thereof unenforceable. This
agreement may be executed in counterparts, each of which shall be deemed an original, and said counterparts shall
constitute one and the same instrument. In addition, a signed copy of this agreement transmitted by facsimile or
scanned into an image file and transmitted via email shall, for all purposes, be treated as if it was delivered containing
an original manual signature of the party whose signature appears thereon and shall be binding upon such party as
though an originally signed document had been delivered. Notwithstanding the foregoing, in the event that you do not
sign this Agreement, your acknowledgment that you have reviewed the terms and conditions of this Agreement and
your payment of the License Fee shall serve as your signature and acceptance of the terms and conditions of this
Agreement.

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