Objects of RECORDING INDUSTRY PERFORMANCE SINGAPORE PTE LTD

Name of the Company : RECORDING INDUSTRY PERFORMANCE SINGAPORE PTE LTD.

The registered office of the Company will be situate in the Republic of Singapore. (Registration No: 199803120C).

The objects for which the Company is established are:

  1. To maintain and foster trade ethics and fair business practices in the sound recording and cinematograph film industry.

  2. To create and promote the rights of owners of sound recordings and owners of cinematograph films through statutes, case law or contract and through conventions and agreements and, where such rights already exist, to defend, preserve and develop them by lawful and proper means, including without limitation, conducting anti-piracy raids, investigations, and legal prosecution on behalf of recording companies and owners of sound recordings and cinematograph films.

  3. To collect royalty payments on behalf of owners of sound recordings and cinematograph films, and after making provision for expenses, liabilities, holdbacks or reserves incurred or expected to be incurred in carrying out the purposes or operations of the Company, and/or for any contributions or payments for any of the objects and purposes specified in this Memorandum of Association, to distribute the balance of the said royalty payments and any other monies previously retained or otherwise received amongst the said owners of sound recordings and cinematograph films in accordance with the rules adopted by the Company in connection therewith for the time being in force, and to maximise such distributions by the Company implementing its objects and conducting its business in such a manner as not to profit thereby.

  4. Generally to advance the present and future welfare of owners of sound recordings and cinematograph films by any lawful and proper means.