WARNER MUSIC INC.

Exhibit 10.18

WARNER MUSIC INC.

00 Xxxxxxxxxxx Xxxxx

Xxx Xxxx, Xxx Xxxx 00000

December 19, 2013

Xxxxxx Xxxxxx

c/x Xxxxxx Music Inc.

00 Xxxxxxxxxxx Xxxxx

Xxx Xxxx, XX  00000

Dear Stuart:

Please refer to the at-will letter agreement (“Agreement”) between Warner Music Inc. (“Company”) and you dated December 21, 2012, effective as of January 1, 2013 (the “Agreement”).

This letter, when countersigned, shall constitute our agreement to amend the Agreement as set forth herein.  Unless otherwise indicated, capitalized terms shall have the meanings set forth in the Agreement.

Paragraph 2 of the Agreement is hereby amended to read as follows:

“2. Annual salary:  $1,000,000 per year, effective January 1, 2014.  You will be paid in accordance with Company’s normal payroll practices.”

Except as expressly amended herein, the terms and provisions of the Agreement shall remain in full force and effect.

If the foregoing correctly sets forth our understanding, please sign below and return this agreement to Company.

WARNER MUSIC INC.
By:	/s/ Xxxx Xxxxxxxx

Accepted and Agreed:

/s/ Xxxxxx Xxxxxx

Xxxxxx Xxxxxx