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GENERAL EXCLUSIVE LICENSE AGREEMENT

The following serves as a legally binding agreement between (Producer), a music producer
(“Licensor”) and (Artist) (“Licensee”). This contract is a general exclusive license contract for
Auctionhousebeats.com. This license will be immediately valid when funds from the Licensee
wallet, are transfered to the Licensor wallet on auctionhousebeats.com.

WHEREAS, Licensor produces original instrumental sound recordings and wishes to
license one master sound recording (the “Work”) to Licensee on the terms below.

1. License. Licensee agrees to pay Licensor a one-time fee in exchange for a
worldwide, exclusive, perpetual license to record vocal synchronizations to the
Work partly or in its entirety and substantially in its original form and to
reproduce, manufacture, perform, broadcast, distribute and sell the resulting
work. The license shall permit Licensee to enter into synchronization agreements
and theatrical rights agreements without any further consent from Licensor.

2. Delivery. Licensor will deliver the Work electronically upon purchase. Licensor
will provide the full Work in a zip file and will also provide stems for each
element of the Work.

3. Credit and Registration.
             a.  In all liner notes and metadata, Licensor shall be credited: “music by
                  [Insert Producer Name]”

4. Consequence of Breach. If Licensee fails to comply with any provision of this
Agreement, Licensor may terminate the license with written notice to Licensee.
Continued use of the Work after notice of termination shall be actionable as
copyright infringement under the laws of the United States.

5. Warranties.
              a.    Licensor warrants the Work is the original work of (Producer legal name)
                      and does not contain any unlicensed samples or material that infringes
                      upon the intellectual property rights of any third party.
               b.   Licensee warrants that he/she is at least 18 years of age and has legal
                      capacity to enter in to this Agreement.

6. Indemnification. Licensee agrees to indemnify and hold Licensor harmless
against any suit, demand, settlement or judgment based upon Licensee’s
contribution to the Work.

7. Choice of Law. This Agreement shall be governed by the laws of the State of
Minnesota.

8. It’s all here. This is the full agreement between the parties. By licensing the
Work, Licensee agrees to the terms contained herein.

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