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Mills Music Trust holds the right to receive payment of a deferred contingent purchase price obligation relating to music and lyric copyright catalogue payable to Mills Music, Inc. primarily in the United States. The payments of the contingent portion are based on royalty income generated by the catalogue. EMI Mills Music Inc. operates as an owner of the copyrighted materials contained in the catalogue. Mills Music Trust was founded in 1964 and is based in New York, New York.