SYNC LICENCE
No. TOD-SYNC-2026-0001
This Sync licence(this “Agreement”) is entered into as of 2026-07-15(the “Effective Date”), by and between Track Or Die, a limited liability company with offices at 100 Studio Way, Suite 200, Example City, USA 00000 (“Label”), and Atlantic Records, with a principal address at 88 Crescent Avenue, Apt 3B, Brooklyn, New York 11225(“Counterparty”, and together with Label, the “Parties”).
WHEREAS, Label is engaged in the business of producing, distributing, and exploiting sound recordings and owns or controls rights in the musical work entitled “Synthetic Worldwide Sync” as performed by Demo Artist A;
WHEREAS, Counterparty possesses the skills and experience relevant to the services contemplated by this Agreement and desires to render such services to Label on the terms set out below; and
WHEREAS, the Parties wish to record their entire understanding with respect to the subject matter hereof;
NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:
1. GRANT OF RIGHTS.
Licensor grants to Licensee a non-exclusive license to synchronize the Master and the composition embodied therein, in timed relation with the licensed production only, as delivered and identified herein. No right is granted to alter the fundamental character of the recording or to use it in any production other than the licensed production.
2. TERM & TERRITORY.
The rights granted herein may be exercised throughout the world, in perpetuity, solely in connection with the licensed production as first broadcast or released. Any new cut, re-edit for a different program, or use in a derivative production shall require a separate license on terms to be negotiated in good faith.
3. FEE.
The fee stated in Schedule A is a one-time, all-in payment due upon full execution of this Agreement, allocated equally between the master and publishing sides. Payment shall be made without deduction or set-off, and no additional sums shall become payable by reason of the volume or frequency of exhibition within the scope licensed.
4. MOST FAVORED NATIONS.
The fee and credit accorded hereunder are granted on a most-favored-nations basis with every other rightsholder cleared for the same use, measured on a per-use basis. If any such rightsholder receives a more favorable fee or credit, Licensee shall promptly accord the same terms to Licensor and pay any difference.
5. OUT-OF-CONTEXT USE.
Use of the Master out of context of the licensed production — including trailers, teasers, and promotional spots exceeding thirty (30) seconds — is expressly excluded from this license and shall require a separate written license for an additional fee. In-context excerpts used solely to promote the licensed production are permitted.
6. TERRITORY; GOVERNING LAW.
The territory of this Agreement is World. This Agreement shall be governed by and construed in accordance with the laws of Tennessee, without regard to its conflict-of-laws principles.
SCHEDULE A — SPLITS
No splits have been recorded against the underlying work.
The aggregate deal value under this Agreement is $15,000.00. No advance is payable under this Agreement.
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date, each signatory below warranting that they are duly authorized to bind the Party on whose behalf they sign.
TRACK OR DIE
ATLANTIC RECORDS