DISTRIBUTION AGREEMENT

Glassnote Launches Resolved, New UMG-Distributed Company to Support
Independent Producers and Label Entrepreneurs

Childish Gambino, CHVRCHES, Mumford & Sons, GIVERS and Phoenix Among Glassnote
Artists To Be Distributed By UMG

PR Newswire

SANTA MONICA, Calif. and NEW YORK, Feb. 13, 2014

SANTA MONICA, Calif.and NEW YORK, Feb. 13, 2014 /PRNewswire/ --Universal
Music Group (UMG), the world's leading music company, and Glassnote
Entertainment Group, the renowned independent music company founded by music
industry veteran Daniel Glass, today announced that they have signed an
agreement under which UMG will become the exclusive worldwide distributor of
Glassnote's recordings (excluding Australia, New Zealand and South Africa),
effective March 1, 2014. The multi-year agreement will enable Glassnote's
extraordinary roster of talent – including Childish Gambino, CHVRCHES, Mumford
& Sons, Two Door Cinema Club and Phoenix, among others – to leverage UMG's
industry-leading global resources and expertise in physical and digital
distribution.Specifically, in the U.S., Glassnote will be distributed by
UMG's distribution unit (UMGD), and outside the U.S. (excluding Australia, New
Zealand and South Africa), Glassnote will be distributed by Caroline, UMG's
independent distribution arm. Glassnote will continue its pre-existing
relationship with UMG in Canada.International releases for Mumford & Sons and
CHVRCHES will continue to be handled by UMG's Island Records UK and Virgin EMI
UK, respectively, to which the artist are signed directly.

Glassnote also announced the launch of its affiliate company Resolved.
Resolved is a multi-faceted company designed to offer individualized support
and services to entertainment entrepreneurs, emerging producers and
independent labels. Resolved, which will also be distributed by UMG, will
provide resources, both financial and creative, marketing and operational
support, mentorship and strategic guidance to these entrepreneurs with the
goal of helping them grow their businesses creatively and commercially.

Lucian Grainge, Chairman and CEO of UMG, said, "As a company that places
entrepreneurs at the center of our business, we are particularly pleased to
welcome Glassnote and Resolved to the Universal Music family. Daniel Glass
is, quite simply, one of the most successful label entrepreneurs of the last
decade. He represents the kind of innovation and creativity that defines who
we are and who we aspire to be as an organization, and we're looking forward
to many years of collaboration and growth together."

Daniel Glass, President and Founder of Glassnote Entertainment Group, states,
"We are honored and excited to embark on this new journey with Universal.
Lucian understood our vision from the start and his embrace of passionate,
creative, entrepreneurs makes Universal the perfect home for our companies."

This agreement builds upon the existing relationship between Universal Music
Publishing Group (UMPG) and Insieme Music Publishing, Glassnote's affiliate
publishing company, under which UMPG serves as the exclusive administrator of
Insieme's songs from Cara Salimando, Robert DeLong, Deap Vally, GIVERS,
Oberhofer, Half Moon Run, HOLYCHILD and Jeremy Messersmith, among others.
UMPG also has direct publishing agreements with a number of Glassnote's
artists including Mumford & Sons, CHVRCHES, Childish Gambino and Daughter.

About Glassnote Entertainment Group

Glassnote Entertainment Group is a full service Artist-centric independent
music company based in New York City founded in 2007 by Daniel Glass. With its
communal spirit, exquisite mix of Artists and musically driven management
team, Glassnote is proud that its commitment to true Artist development is
proving successful. Glassnote is home to Grammy Award winning Phoenix, Grammy
Award winning and multi-platinum selling Mumford & Sons, The Temper Trap, Two
Door Cinema Club, GIVERS, Childish Gambino, Oberhofer, Daughter, Robert
DeLong, Little Green Cars, CHVRCHES, Jeremy Messersmith, Foy Vance, Half Moon
Run, Justin Nozuka, Flight Facilities, Panama Wedding, HOLYCHILD and Flo

In 2011, Rolling Stone magazine named Glassnote"Best Indie Label," and
Glassnote Records won the 'Label of the Year' A2IM Libby Award in 2013.
Glassnote Artists have been nominated for numerous awards including GRAMMYs,
MTV VMAs, The BET Awards, The mtvU Woodies, The Americana Music Awards, A2IM
Libera Awards, NME Awards, Meteor Choice Music Prize, Northern Ireland Music
Prize, Le Victoires de La Musique, and the American Music

About Universal Music Group

Universal Music Group is the global music leader, with wholly owned operations
in 60 territories. Its businesses also include Universal Music Publishing
Group, one of the industry's premier music publishing operations worldwide.

Universal Music Group's labels include A&M Records, Angel, Astralwerks, Blue
Note Records, Capitol Christian Music Group, Capitol Records, Capitol Records
Nashville, Caroline, Decca, Def Jam Recordings, Deutsche Grammophon, Disa,
Emarcy, EMI Records Nashville, Fonovisa, Geffen Records, Harvest, Interscope
Records, Island Records, Machete Music, Manhattan, MCA Nashville, Mercury
Nashville, Mercury Records, Motown Records, Polydor Records, Republic Records,
Universal Music Latino, Verve Music Group, Virgin Records, Virgin EMI Records,
as well as a multitude of record labels owned or distributed by its record
company subsidiaries around the world. The Universal Music Group owns the most
extensive catalogue of music in the industry, which includes the last 100
years of the world's most popular artists and their recordings. UMG's
catalogue is marketed through two distinct divisions, Universal Music
Enterprises (in the U.S.) and Universal Strategic Marketing (outside the
U.S.). Universal Music Group also includes Global Digital Business, its new
media and technologies division and Bravado, its merchandising company.

Universal Music Group is a fully owned subsidiary of Vivendi.

SOURCE Universal Music Group

Website: http://www.universalmusic.com
Contact: For Glassnote Entertainment Group, Alexandra Dunne, 646 214 6000,
Alex@glassnotemusic.com, or For Universal Music Group, Maria Ho-Burge212 331
2569, maria.ho-burge@umusic.com
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