On March 21, 2016, CUR Media, Inc. and Sony Music Entertainment signed an amendment to the Framework Digital Distribution Agreement the CUR entered into with SME, dated as of January 12, 2016 (the Sony Music Agreement), to, among other things, extend the time period within which the CUR is required to pay initial content fees to SME. Pursuant to the Amendment, the first payment to SME is due on March 25, 2016. If content fees are not paid by the CUR on a timely basis, SME may terminate the Sony Music Agreement.