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The maximum frequency for pipeline advances is one per quarter. You can request another advance in the upcoming quarter. If you have any issues relating to advances, please contact support.

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NO PENDING SUBMISSIONS

1. Online Pipeline Advance and Online Pipeline Advance Fee

1.1 At the express request of the Owner via the Owner's Kobalt internet portal and hereunder and in consideration of the amendment(s) to the Agreement and for other good and other valuable consideration set out herein the Administrator shall within five (5) business days of the Administrator's countersignature of this Online Pipeline Advance Request Letter:-

1.2 (a) pay the sum of the Online Pipeline Advance either by wire transfer into the bank account, the details of which the Owner has confirmed as part of the Online Pipeline Advance Request, or by cheque, sent to the address which the Owner has confirmed as part of the Online Pipeline Advance Request, and shall debit the Owner's royalty account with the Online Pipeline Advance; and

(b) shall at the same time in addition charge the Owner the sum of the Online Pipeline Advance Fee which the Owner has confirmed and agreed as part of the Online Pipeline Advance Request and the Administrator shall in addition debit the Owner's royalty account with the Online Pipeline Advance Fee;

1.3 (a) The Total Online Pipeline Advance shall be fully recoupable against any and all monies accruing to the Owner's royalty account under the Agreement; and

(b) For the avoidance of doubt for the purposes of recoupment under the Agreement but, subject always to clause 4.1 below the Total Online Pipeline Advance shall be added to

(b)(i) any and all other advances that may have previously been paid to the Owner under the Agreement which are not an Online Pipeline Advance (if any) (Total Non Online Pipeline Advances), and

(b)(ii) other online pipeline advances requested by the Owner through the portal (including the applicable fee) and accepted and paid by Administrator (if any) (Prior Total Online Pipeline Advances)

(the Total Online Pipeline Advance, the Total Non Online Pipeline Advances and the Prior Total Online Pipeline Advances shall collectively comprise the Total Advances).

2. Term Extension

2.1 Notwithstanding any other provision in the Agreement if, at the date upon which the Term of the Agreement would otherwise be due to expire (for the avoidance of doubt, if because the Term is rolling, there is no fixed date upon which the Term of the Agreement would otherwise be due to expire, the "Initial Term Expiry Date" shall mean the Accounting Date (as defined below) which falls at the end of the Accounting Period in which this letter was countersigned by the Administrator) prior to this letter agreement being entered into (Initial Term Expiry Date), any portion of the Total Advances remains unrecouped, the Term of the Agreement shall automatically extend and continue until the earlier of:

(a) the 31st March, 30th June, 30th September or 31st December (each an Accounting Date) which falls at the end of the Accounting Period in which the accounting statement provided to the Owner in respect of the previous Accounting Period shows that the Total Advances have been fully recouped; or

(b) the Accounting Date immediately following the Administrator's receipt of payment from the Owner of the Buy Out Fee. For the purposes hereof the "Buy Out Fee" shall mean the Total Advances comprising the aggregate of:

(b)(i) the unrecouped balances of the Total Online Pipeline Advance AND the Prior Total Online Pipeline Advances (if any) AND

(b)(ii) the unrecouped balances of any Non Online Pipeline Advances (if any) subject to the provisions applicable to them as the same may be set out in the Agreement.

2.2 For the avoidance of doubt, any royalties received by the Administrator following receipt of the Buy Out Fee shall be accounted to the Owner in accordance with the terms of the Agreement.

2.3 Provided that under clause 2.1 above no such extension of the Term shall exceed an additional thirty six (36) months following the Initial Term Expiry Date.

3. Recoupment

3.1 For the avoidance of doubt it is hereby confirmed and agreed that no further royalties shall be paid to the Owner pursuant to the Agreement until one hundred percent (100%) of the Total Advances have been recouped out of any and all monies accruing to the Owner's royalty account under the Agreement.

3.2 For the purposes of clauses 2.1(b) above and 4.1 below, royalties shall always be applied against any unrecouped balance of any Non Online Pipeline Advances first before then being applied against any subsequent unrecouped balance of the Total Online Pipeline Advance and Prior Total Online Pipeline Advances.

4. Effect on the Agreement

4.1 If Owner has previously been paid a Non Online Pipeline Advance and the Agreement (prior to the execution of any Online Pipeline Advance Request Letter(s)) provides that once it is recouped the rate of commission retained by the Administrator shall decrease then this provision shall be unaffected by the execution of any Online Pipeline Advance Request Letter(s)); and

4.2 The Term of the Agreement shall be extended in accordance with clause 2 above.

5. Subsequent Online Pipeline Advance Requests

5.1 If the Administrator agrees to this Online Pipeline Advance Request and the Owner later contacts the Administrator with a further Online Pipeline Advance Request(s) (the Subsequent Online Pipeline Advance Request(s)) which the Administrator accepts by signing a subsequent Online Pipeline Advance Request Letter, the payments made under such Subsequent Online Pipeline Advance Requests shall be deemed to be part of the Total Advance and subject to the same terms as set out in this letter.

6. Miscellaneous

6.1 For the avoidance of doubt, the Collection Period, Rights Period and Retention Period (if applicable) shall follow the expiry/termination of the Term (as extended hereunder and otherwise as the case may be) as set out in the Agreement;

6.2 It is agreed that this letter shall be governed by the same law and shall be subject to the same jurisdiction as the Agreement.

6.3 The terms and conditions governing the Online Pipeline Advance Request are as set out in this letter agreement only and no other warranties representations or negotiations shall be relied on by the parties;

6.4 Save as expressly amended under the terms of this letter agreement the terms and conditions of the Agreement shall continue in their full force and effect;

6.5 Save as otherwise defined hereunder all terms shall bear the same meanings ascribed to them under the Agreement; and

6.6 This Online Pipeline Advance Request Letter was automatically generated by the Owner from the Owner's Kobalt internet portal and it shall have no effect unless the Online Pipeline Advance Request is accepted by the Administrator upon these terms and is countersigned by the Administrator below.

YOU HEREBY CONFIRM THAT YOU AS OWNER HAVE BEEN ADVISED TO TAKE INDEPENDENT EXPERT LEGAL ADVICE IN RESPECT OF THIS LETTER AGREEMENT AND HAVE DONE SO AND UNDERSTAND THE CONTENTS AND IMPLICATIONS OF IT

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ROYALTIES INCOMING

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{type, select, true {How this period's royalties have been earned so far} other {How this quarter's royalties have been earned so far}}

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{period} earnings

{isQuarterly, select, true {This quarter earnings} other {This period earnings}}

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{type, select, true {How streaming platform payouts compare for this period} other {How streaming platform payouts compare for this quarter}}

{type, select, true {Where this period's royalties have been earned so far} other {Where this quarter's royalties have been earned so far}}

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