WAVES AUDIO SOFTWARE END USER LICENSE AGREEMENT

Last updated: April 30 2023

Prior versions of this Agreement can be found at EULA archive.
IMPORTANT: THIS SOFTWARE END USER LICENSE AGREEMENT (this “Agreement”) IS A
LEGAL AGREEMENT BETWEEN YOU (THE “LICENSEE” OR “YOU”) AND THE LICENSOR
– WAVES AUDIO LTD. (“WAVES”). USE OF THE SOFTWARE CONSTITUTES YOUR
ACCEPTANCE OF THIS AGREEMENT. READ IT CAREFULLY BEFORE COMPLETING THE
INSTALLATION PROCESS AND USING THE SOFTWARE. IF YOU DO NOT AGREE TO THE
TERMS OF THIS AGREEMENT, DO NOT INSTALL AND/OR USE THE SOFTWARE. BY
INSTALLING, COPYING, OR OTHERWISE USING THE SOFTWARE, YOU AGREE TO BE
BOUND BY THE TERMS OF THIS AGREEMENT.
The "Software" includes all of the contents of the files, disk(s), with drivers and other enabling software,
plugins, CD-ROM(s), DVDs, or other media for which this Agreement is provided, including but not
limited to: third party computer information or software that the Licensor has licensed for inclusion in
the Software; written materials or files relating to the Software ("Documentation"); and fonts, modified
versions, updates, upgrades, additions, and copies of the Software, if any.
1) License; License Types; Restrictions.
a) License. Subject to the terms and conditions set forth in this Agreement and payment of the
applicable fees (if any), WAVES grants you a limited, worldwide, non-exclusive, non-transferable
(except as expressly set forth in this Agreement) right to Use the Software on the number of computers,
workstations, servers (on premises or in the cloud), or another digital electronic devices (each a
“Device”) that conforms to the Software’s system requirements as specified in the related
Documentation in accordance with the License type purchased (the “License”). “Use” means storing,
loading, installing, executing, or displaying the Software exclusively for personal or business purposes,
without rights of commercial replication and/or distribution either in full or as part of the derived
software to any third party. Notwithstanding the foregoing, you may make one backup copy of the
Software for disaster recovery purposes. Except as expressly provided in this Agreement, fees are non-
refundable.
b) Number of Copies. Except as otherwise set forth in a Product Entitlement Supplement (as
defined in Section 1(d) below, the License gives you the right to make a single copy of the Software to
Use on one Device at a time. Accordingly, each License is for the right to Use the Software on a per
Device basis, not per user, per site, or per company. For example, if a person uses two (2) Devices
simultaneously, to Use the Software on each Device, the person must purchase two (2) Licenses.
c) License Types. WAVES reserves the right, in its sole discretion, to determine the types of
Licenses that it makes available to end users. Your usage rights with respect to the Software depends
upon the type of License that you have acquired. As of the Effective Date of this Agreement, those
types include the following:
(i) Perpetual License. With Perpetual Licenses, the end user pays a one-time fee (if any)
in exchange for having the right to Use the Software in perpetuity (“Perpetual
License”), subject to Section 13(a) below.
(ii) Subscription License. With Subscription Licenses, the end user has the right to Use
the Software for a specified Subscription License term (monthly or annually) as part of
a duration-limited subscription package (“Subscription License”). Subject to
applicable law, the Subscription License will automatically renew for another term
equal in duration to the initial term, unless, prior to the end of the current period of
effectiveness of the Subscription License (“Subscription Term”): (w) you terminate
your Account; (x) you turn-off auto-renew of your Subscription License; (y) WAVES
declines to renew your Subscription License; or (z) this Agreement is otherwise
properly terminated as expressly permitted herein. Each renewal period is a “Renewal
Term.” You authorize WAVES to collect the then-applicable fees and any taxes for
 each Renewal Term. Subscription License fees and features may change, and WAVES
may recommend a new Subscription License that is comparable to your old plan.
If you terminate your annual Subscription License within the first thirty (30) days of
the Subscription Term, you may submit a written request to WAVES for a refund of
the fees you paid to WAVES. WAVES has no obligation to consider refund requests
related to a termination of an annual Subscription License that does not occur in the
first thirty (30) days of the relevant annual Subscription License. Cancellation and
management of your Subscription License is available at Cancel Subscriptions. If your
Subscription License lapses for any period due to non-renewal or failure to pay
applicable fees when due, you will lose your right to continue Using the Software.
(iii) Trial License. With Trial Licenses, the end user has the right to Use an evaluation copy
of the Software on a short-term basis for free to evaluate whether the end user wishes
to purchase a License to Use the Software under a Perpetual License or Subscription
License (“Trial License”). Certain Software features and/or functionality may be
locked or unavailable in the Trial Version. WAVES reserves the right, in its sole
discretion, to set the parameters of its Trial License practices including, without
limitation, its duration.
(iv) NFR (Not-for-Resale) License. With NFR (Not-For-Resale) Licenses, the end user
has a License to Use the Software only for demonstration purposes (and not for music
processing purposes) in support of WAVES’ potential customers (“NFR License”).
(v) Beta Program License. With Beta Program Licenses, the end user has the License to
Use the Software to participate in WAVES’ beta or early release programs for the
Software (“Beta License”). Any Beta License shall be used solely for the stated
purposes thereof and any other terms WAVES sets. You acknowledge that the Beta
License Software is in a pilot-production stage of development and, therefore, may
contain irregularities not normally found in the Software, that the Beta License
Software and may result in unexpected results, corruption or loss of data, or other
unpredictable damage or loss. You agree to interface with WAVES’ designated
representatives at regular intervals to discuss the Beta License Software, provide
WAVES with suggestions and ideas for improving or otherwise modifying the Beta
License Software, and to furnish, subject to applicable law, verbal, or written reports at
WAVES’ reasonable request, including failure logs, status reports, error reports, and
other information related to your Use of the Beta License Software (collectively, “Beta
License Reports”). You are encouraged to provide WAVES with suggestions and ideas
for improving or otherwise modifying the Software, subject to Section 7 below.
WAVES reserves the right to modify or terminate the Beta License, at any time, in
WAVES’ sole discretion for any reason. Upon WAVES’ request, you agree to return,
destroy, and/or delete the Software and other materials delivered to you as part of the
Beta License and certify to the foregoing upon WAVES’ request. WAVES strongly
encourages you to back-up all data and information on your devices prior to
downloading the Beta License Software.
The Beta License Software, the Beta Service Reports, all accompanying
documentation, and all information WAVES discloses to you hereunder or otherwise
in connection with the Beta License is WAVES’ “Confidential Information.” For a
period of three (3) years from release of the Beta License, you will not use the
Confidential Information except as necessary under this Agreement and will not
disclose any portion of the Confidential Information to any other person or entity other
than to WAVES. You will use all reasonable steps to protect the Confidential
Information from unauthorized use or disclosure. Confidential Information does not
include information that: (i) you rightfully knew at the time of disclosure without an
obligation of confidentiality, (ii) you lawfully obtained from a third party without
restriction on use or disclosure, or (iii) is or becomes generally known to the public
through no fault or breach of this Agreement by you.

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 d) Additional Licensing Rights and Requirements. The “Product Entitlement Supplement”
sets forth any supplemental usage rights, restrictions, and terms specific to a particular Software
product. The Product Entitlement Supplement may be found at Product Entitlement Supplement (or a
successor URL) and is incorporated by reference and an integral part of the Agreement.
e) Restrictions. You agree that you will not nor enable others to (unless as required by
applicable law): (i) attempt to reverse compile, modify, or disassemble the Software in whole or in part
or otherwise attempt to discover the Software source code; (ii) rent, lease, or loan the Software in whole
or part; (iii) interfere or attempt to interfere with or disrupt the integrity, security, functionality, or
performance of the Software or its components; (iv) use the Software for any purpose or in any manner
that is unlawful or is prohibited by this Agreement or the applicable Documentation; (v) use a previous
version of the Software after receiving an Updated or Upgraded (each as defined in Section 5 below)
version as a replacement to a prior version (in such case Licensee must delete the prior version); (vi)
use the Software in the operation of any business, aircraft, ship, nuclear facilities, life support machines,
communication systems, or any other equipment in which the failure of the software could lead to
personal injury, death, or environmental damage; (vii) remove or obscure copyright or trademark
notices included in the Software; or (viii) host applications for third parties, as part of a facility
management, timesharing, service provider, or service bureau arrangement
2) User Account. To Use the Software, you may be required to create a user account. This user
account stores information about the you have purchased, the applicable term, your Software activation
codes, and other information about your License. In registering your user account, you are responsible
for the completeness and accuracy of the information provided therein. You are also solely responsible
for all activities that occur under your account, including liability for losses incurred by WAVES or
third parties as a result of the use of your account, regardless of whether the account was used with your
knowledge, and for keeping your account credentials secure. You also acknowledge that your account
is personal to you and agree not to provide any other person with access to your account or portions of
it using your username, password, or other security information. You shall remain solely responsible
for the activity arising out of any failure to keep your account details confidential and, in the event of
unauthorized use of your account, you agree to notify WAVES immediately. You may not use someone
else's user account. You have the right to delete your user account at any time, but in doing so you will
lose access to the Software, which requires a user account to be used. Notwithstanding deletion of the
account, WAVES may retain your data as reasonably necessary in accordance with the WAVES Privacy
Notice.
3) Activation. The Software requires activation ("Activation") before it can be Used. Activation is
utilized to prevent, identify, and restrict uses of the Software that are not permitted under this
Agreement. Activation also allows WAVES to keep track of the Devices where the Software is Used.
You agree that WAVES may utilize Activation functionality to identify the Device on which the
Software is installed and to limit or restrict use of the Software. Activation may use internet connectivity
to send the Activation information to WAVES, such as the Software product name, the applicable
Software version number, the version and type of operating system running the Software, and the
hardware and network parameters of the Device running the Software. You consent to such a
transmission, and if the Activation information cannot be transmitted to WAVES electronically, then
you agree, on WAVES’ request, to provide to WAVES such Activation information.
4) End User Generated Content. The Software enables you to enter content (“User Content”)
that will be stored on a Device on which the Software is installed. You are solely responsible for your
use, storage, and disclosure of all User Content. Licensee may not use the Software in conjunction with
User Content that is illegal or violates the rights of others. As between you and WAVES, other than as
expressly set forth herein, you own and, subject to the licenses granted in this Agreement or otherwise
permitted by applicable law, reserve all rights, title, and interest in the User Content and any output or
other information based upon your User Content and generated from your use the Software (“Output”).
You also grant WAVES a non-exclusive, irrevocable (subject to the Waves Privacy Notice), and
royalty-free right to use the User Content and the Output to provide the Support Services, including to
develop and improve the Software.

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5) Support Services.
a) General. WAVES technical support and maintenance services for the Software, including the
right to receive Software Updates (“Support Services”) are provided in accordance with WAVES’s
then current Support Services Terms and Conditions located at Master Service Agreement and this
Agreement. “Software Updates” means all published revisions and corrections to the printed
documentation and corrections and new releases of the Software that are generally made available to
WAVES’s supported licensees at no additional cost, but not including any functionality or future
products that WAVES licenses separately (such separately licensed products are considered “License
Updates/Upgrades”). Before using any License Update/Upgrade or Update, you shall ensure that they
can be used on a particular Device in accordance with the system requirements of the License
Update/Upgraded Software or Software Update. Notwithstanding the foregoing, you acknowledge that
WAVES does not guarantee that new releases of the Software will be backward compatible and does
not guarantee the operability and compatibility of the Software on Devices, operating systems, or
browsers that were released after the initial License of the Software.
b) Support Services per License Type:
(i) Subscription License Support Services. A Subscription License includes Support
Services.
(ii) Perpetual License Support Services. A Perpetual License includes Support Services (for
Perpetual Licenses referred to as the “Waves Update Plan”) for the first twelve (12)
month period from purchase. Thereafter, a Perpetual License does not include Support
Services, but you may purchase Support Services for Perpetual Licenses for an annual
support fee. You must purchase and renew Support Services for all Perpetual Licenses
of the corresponding Software. Support Services are made available only for the
specific Software, License type, and number of Licenses purchased. Notwithstanding
the foregoing, once an Update has been released, WAVES may cease service, technical
support, and Support Services for prior versions upon sixty (60) days’ notice to you.
6) Internet Connectivity. Certain functionality, including Activation and Update check, may
require Internet connectivity. The Software may connect to the internet in the background without prior
notification. Downloading the Updated versions of the Software and using WAVES’ website with all
support materials available there (such as user guides, quick start guides, tutorials, examples, forum,
etc.) also requires Internet connectivity.
7) Privacy Notice; Feedback. The personal information you provide to WAVES during the
ordering and registration process is used for WAVES's internal purposes only. WAVES uses the
information in compliance with the WAVES’ Privacy Notice. WAVES Privacy Notice explains how
WAVES collects, treats your personal data, and protects your privacy when you use the Software and
related services. By using the Software and related services, you agree that WAVES can use such data
in accordance with our Privacy Notice. You can submit questions, comments, suggestions, and ideas
("Feedback") to WAVES. Feedback shall be deemed non-confidential and non-proprietary. By
submitting Feedback, you give permission to WAVES to use Feedback in any way and for any purpose,
commercial or otherwise, without any compensation or credit obligation to you or any third party.
8) Audit. WAVES may, at its expense, audit no more than once annually the number of copies of
the Software in Use by you (directly or indirectly). Any such audit shall be conducted during regular
business hours. If you are Using a greater number of copies of the Software than to which you have a
License, you shall pay WAVES the applicable fees for such additional number of Licenses within thirty
(30) days of the invoice date plus interest of the lower of one and one-half percent (1.5%) per month
and the highest permitted by local law from the 1st day of use, with such underpaid fees being the
License and related Support Services fee as per WAVES’ then current, country specific, base price for
the Software. If underpaid fees are more than five percent (5%) of the value of the fees paid by you
under this Agreement, then you shall also pay WAVES’ reasonable costs of conducting the audit. These
remedies are in addition to any other remedies or relief, including termination rights, already provided
in this Agreement. You acknowledge and agree that this provision is not intended to be a penalty but is
instead designed to protect WAVES’ legitimate business interests.

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9) Intellectual Property Rights. The Software and all rights, without limitation, including
proprietary rights therein, are owned by WAVES or its suppliers and are protected by copyright and
other intellectual property laws and international treaties. The Software is licensed, not sold. You
acknowledge that no title to the intellectual property in the Software is transferred to you. You further
acknowledge that title and full ownership rights to the Software will remain the exclusive property of
WAVES and you will not acquire any rights to the Software except as expressly set forth in this
Agreement. You agree that any copies of the Software will contain the same proprietary notices that
appear on and in the Software.
10) Publicity Rights. During the term of this Agreement, you grant to WAVES the right to include
you as an end user of the Software in a factual listing of WAVES’ customers.
11) Third-Party Materials. The Software may contain features designed to interoperate with
products or components derived from portions of materials provided by third parties (“Third Party
Materials”). You may use Third Party Materials solely in connection with the Software. Third Party
Materials may be subject to other terms and conditions, which are typically found in a separate license
agreement or a “read me” or other file located in or near such materials. You acknowledge that the
availability and right to license any Third-Party Materials to you shall cease automatically, without
liability on WAVES’ part, upon the discontinuation or termination of the provision thereof to Wave.
12) iOS App Use. Notwithstanding anything set forth in this Agreement, if you obtained a License
through the Apple iTunes Application Store (the “App”) operated by Apple, Inc. or its subsidiaries and
affiliates (collectively, “Apple”), then you acknowledge and agree to the following additional terms:
(a) Apple is not a party to this Agreement and has no liability for the App and its content; (b) your use
of the App is limited to a non-transferable license to use the App on any iPhone™, iPad™, or iPod
Touch™ that you own or control; (c) Apple has no obligation whatsoever to furnish any maintenance
and support services for the App; (d) to the extent permitted by applicable law, Apple has no warranty
obligation to the App and WAVES will be responsible for any claims, losses, liabilities, damages, costs,
or expenses attributable to any failure to conform to any warranty set forth in this Agreement; (e) Apple
is not liable for any claims relating to the App or your possession and/or use of the App, including, but
not limited to: (i) product liability claims; (ii) any claim that the App fails to conform to any applicable
legal requirement; and (iii) consumer protection claims; (f) Apple is not liable for any third-party claims
that the App infringes a third party’s intellectual property rights; and (g) Apple (including its
subsidiaries and affiliates) are third party beneficiaries of this Agreement with respect to any such App
and will have the right to enforce this Agreement against you as a third party beneficiary.
13) Indemnification. You will indemnify, defend, and hold WAVES, its affiliates, directors,
officers, and employees (each an “Indemnified Party”) harmless, at your expense (including
reasonable attorney’s fees), against any third-party claim, suit, action, or proceeding (each, an “Action”)
brought against any Indemnified Party by a third party to the extent that such Action is based upon or
arises out of (a) the use of the content or data you provided to WAVES; (b) your breach of this
Agreement; (c) your use of the Software; or (d) your violation of applicable law or any third-party right,
including, without limitation, any privacy, intellectual property, or another proprietary right. This
indemnification obligation will survive termination of this Agreement. You may in no event enter into
any settlement or like agreement with a third party that affects any Indemnified Party’s rights or binds
any Indemnified Party in any way, without WAVES’ prior written consent. WAVES reserves the right,
at its own expense, to assume the exclusive defense and control of any matter otherwise subject to
indemnification by you, in which event you will cooperate with WAVES in asserting any available
defenses.
14) Term; Termination.
a) This Agreement is effective as of the Effective Date and continues until expiration of all
License Term, unless earlier terminated as set forth in this Agreement. The “Effective Date” of this
Agreement is the date of purchase. You may terminate this Agreement at any time for any reason upon
thirty (30) days’ prior written notice to WAVES. Additionally, upon any Default, WAVES may suspend
your account and your Use of the Software or terminate this Agreement (in WAVES’ sole discretion),
without notice to you. You will be in “Default” of this Agreement if: (i) you fail to pay when due any

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amounts owed in connection with your License or Support Services; (ii) you or an Authorized User
associated with your account breaches any material provision of this Agreement; or (iii) if, in WAVES’
sole discretion, it believes that your continued use of the Software creates legal risk for WAVES.
b) Upon any expiration (without renewal in accordance with this Agreement or written
agreement between the parties) or termination of this Agreement as per Section 14(a), your License
automatically terminates (even Perpetual Licenses) and you must cease Using and delete (or at
WAVES’ request, return) all Software and certify accordingly, upon WAVES’ request. Additionally,
upon such termination (i) you will not be entitled to a refund of any pre-paid fees and (ii) if you have
not already paid all applicable fees for the then-current License term or related Support Services, any
such fees that are outstanding will become immediately due and payable and WAVES may charge
reactivation fees to reactivate your License. In no event will termination relieve you of your obligation
to pay any fees payable to WAVES for the period prior to the effective date of termination. Except
where an exclusive remedy may be specified in this Agreement, the exercise by either party of any
remedy, including termination, will be without prejudice to any other remedies it may have under this
Agreement, by law, or otherwise. Any Agreement provision that, to fulfill the purpose of such provision,
needs to survive the termination or expiration of this Agreement, shall be deemed to survive for as long
as necessary to fulfill such purpose.
15) Limited Warranty.
a) If you purchase a License and encounter a technical problem that defect in the Software itself
caused (as determined by WAVES’ technical support in its sole discretion) and that WAVES’ technical
support cannot resolve, then you may request to cancel and refund your purchase within ninety (90)
calendar days from the date of the initial License purchase. No cancellations are possible after such
ninety (90) day period. No other reasons for cancellation are possible. The refund shall be limited to the
amount received by WAVES at the time of the initial purchase, including any taxes. Any charges from
third parties (including banks, credit card issuers, payment processors) will not be refunded. If you paid
with funds in a currency different than those offered by WAVES website, then the refunded amount in
your currency may differ from the original payment due to exchange rate fluctuations and currency
conversion charges levied by third parties. THIS LIMITED WARRANTY GIVES YOU SPECIFIC
LEGAL RIGHTS AND YOU MAY ALSO HAVE OTHER RIGHTS THAT VARY FROM
JURISDICTION TO JURISDICTION.
b) OTHER THAN THE FOREGOING LIMITED WARRANTY AS EXPRESSLY SET
FORTH IN SECTION 15(a) AND FOR ANY WARRANTY TO THE EXTENT TO WHICH THE
SAME CANNOT BE EXCLUDED OR LIMITED BY APPLICABLE LAW, THE SOFTWARE AND
ALL SUPPORT SERVICES, AND ANY AND ALL ACCOMPANYING HARDWARE ARE
PROVIDED “AS IS” WITHOUT WARRANTY OF ANY KIND, WHETHER EXPRESS OF
IMPLIED BY STATUTE, COMMON LAW, CUSTOM, USAGE, OR OTHERWISE. WAVES AND
ITS THIRD-PARTY LICENSORS DISCLAIM ALL OTHER WARRANTIES. NO ORAL OR
WRITTEN INFORMATION OR ADVICE THAT WAVES, ITS DISTRIBUTORS, AGENTS, OR
EMPLOYEES GIVE SHALL CREATE A WARRANTY OR IN ANY WAY INCREASE THE
SCOPE OF THE WARRANTIES SET FORTH IN THIS AGREEMENT. YOU ACKNOLWEDGE
THAT WAVES DOES NOT WARRANT THAT THE SOFTWARE (i) WILL MEET YOUR
REQUIREMENTS, (ii) DOES NOT INFRINGE ANY THIRD-PARTY’S INTELLECTUAL
PROPERTY RIGHTS, (iii) WILL OPERATE IN COMBINATION OTHER THAN AS SPECIFIED
IN THE DOCUMENTATION, (iv) OPERATION WILL BE UNINTERRUPTED OR ERROR-FREE
OR THAT ALL ERRORS WILL BE CORRECTED OR FREE OF VIRUSES OR OTHER HARMFUL
COMPONENTS, OR (v) FEATURES, CATEGORIES, AND FUNCTIONALITIES WILL BE
AVAILABLE AT ALL TIMES IN THE FUTURE.
16) NO LIABILITY FOR DAMAGES. IN NO EVENT SHALL WAVES, ITS SUPPLIERS, OR
LICENSORS BE LIABLE TO YOU FOR ANY DAMAGES WHATSOEVER (INCLUDING,
WITHOUT LIMITATION, DIRECT, INDIRECT, PUNITIVE, SPECIAL, INCIDENTAL, OR
CONSEQUENTIAL DAMAGES OR DAMAGES FOR LOSS OF BUSINESS PROFITS, BUSINESS
INTERRUPTION, LOSS OF BUSINESS INFORMATION, OR OTHER PECUNIARY LOSS)
ARISING OUT OF THE USE OF OR INABILITY TO USE THE SOFTWARE OR ARISING OUT

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OF ANY SUPPORT SERVICES, EVEN IF WAVES HAS BEEN ADVISED OF THE POSSIBILITY
OF SUCH DAMAGES. BECAUSE SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION
OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, THE
ABOVE LIMITATION MAY NOT APPLY TO YOU; IN SUCH A CASE, THEN THE
AGGREGATE LIABILITY FOR ANY CLAIMS, LOSSES, OR DAMAGES SHALL NOT EXCEED
US $2,500. THE FOREGOING LIMITATION OF LIABILITY IS COMPLETE AND EXCLUSIVE,
SHALL APPLY EVEN IF WAVES HAS BEEN ADVISED OF THE POSSIBILITY OF CLAIMS,
LOSSES, OR DAMAGES EXCEEDING SUCH LIMIT, AND SHALL APPLY REGARDLESS OF
THE SUCCESS OR EFFECTIVENESS OF ANY OTHER REMEDIES POSSESSED BY WAVES.
THE LIMITATION OF LIABILITY REFLECTS AN ALLOCATION OF RISK BETWEEN YOU
AND WAVES.
In the event of invalidity of any provision of this license, the parties agree that such invalidity shall not
affect the validity of the remaining portions of this license.
17) U.S. GOVERNMENT END USERS. The Software is deemed to be “Commercial Items,” as
defined at 48 C.F.R. §2.101, consisting of “Commercial Computer Software” and “Commercial
Computer Software Documentation,” as such terms are used in 48 C.F.R. §12.212 or 48 C.F.R.
§227.7207, as applicable. Consistent with such sections, the Commercial Computer Software and
Commercial Computer Software Documentation are being licensed to U.S. Government end users (i)
only as Commercial Items, and (ii) with only those rights as are granted to all other end users pursuant
to this Agreement.
18) Export Restrictions. You may not use or otherwise export or re-export the Software to any
countries or territories sanctioned by the United Nations or the USA. You represent and warrant that
(a) you are not located in a any country or territory that is subject to U.S. Government embargo or that
has been designated by the U.S. Government as a “terrorist supporting” country; and (b) you are not
listed on any U.S. Government list of prohibited or restricted parties.
19) No High Risk Use. The Software is not fault-tolerant and is not guaranteed to be error free or to
operate uninterrupted. The Software may not be used in any application or situation where a Software
failure could lead to death or serious bodily injury of any person or to severe physical or environmental
damage (“High-Risk Use”). Licensee agrees to indemnify and hold harmless WAVES from any third-
party claim arising out of use of the Software in connection with any High-Risk Use.
20) Governing Law/Jurisdiction and Arbitration. This Agreement will be governed by and
construed in accordance with the laws of the State of New York, without regard to its conflicts of laws
principles and specifically will not be governed by the United Nations Convention on Contracts for the
International Sale of Goods, or the Uniform Computer Information Transactions Act (UCITA). Any
cause of action or claim you might have with respect to the Software or otherwise under this Agreement
must be commenced within one (1) year after such claim or cause of action arises or shall be deemed
waived. Except with respect to the protection and enforcement of WAVES’ (and its third-party
licensors’) intellectual property rights and its rights to seek and/or obtain injunctive or equitable relief,
any claim, cause of action, or proceeding arising out of or relating to this Agreement or the Software
shall be resolved by mandatory, binding arbitration in accordance with the Commercial Arbitration
Rules of the American Arbitration Association ("AAA"). The arbitration shall be conducted in New
York, New York, and the U.S. Federal Arbitration Act governs the interpretation and enforcement of
this provision.
EACH PARTY HEREBY IRREVOCABLY WAIVES, TO THE EXTENT PERMITTED BY LAW,
ALL RIGHTS TO TRIAL BY JURY AND ALL RIGHTS TO BRING OR PARTICIPATE IN A
CLASS ACTION OR MULTI-PARTY ACTION IN ANY ACTION, PROCEEDING, OR COUNTER-
CLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT. ALL CLAIMS AND
DISPUTES ARISING OUT OF THIS AGREEMENT MUST BE ARBITRATED OR LITIGATED
ON AN INDIVIDUAL BASIS AND NOT ON A CLASS BASIS.
21) Assignment. You may not sub-license the License, but subject to your payment of the applicable
fee, you may assign your License(s) and this Agreement in whole to a third-party in accordance with

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the terms and conditions set forth in the Product Entitlement Supplement, provided that (a) you transfer
only the number of copies of the Software to which you have a valid License and delete any other copies
from all Devices, (b) such third-party agrees in writing to all the terms of conditions set forth in this
Agreement, and (c) you notify WAVES in writing that you assigned your License(s) to such third-party,
which notice shall include the name and relevant contact information.
22) General.
a) WAVES hereby provides address and contact details, to which any of your questions,
complaints, or claims with respect to the Software should be directed: Waves Audio Ltd., Azrieli Center
3, The Triangle Tower, 32nd Floor, Tel-Aviv 6701101, Israel. Phone: +972-3-608-4000. Fax: +972-3-
608-4056. Email: Contact information.
b) WAVES shall not be responsible for any delays or failure of performance resulting from
causes beyond its reasonable control. The English version of this Agreement shall be the version used
when interpreting or construing this Agreement. If any provision or provisions of this Agreement are
determined to be invalid, illegal, or unenforceable, the validity, legality, and enforceability of the
remaining provisions of this Agreement will not in any way be affected or impaired thereby.
c) This Agreement may not be modified, amended, or additional obligations be assumed by
either party to this Agreement except by your acceptance of a subsequent electronic agreement provided
by WAVES with respect to the Software (“Agreement Modifications”) or as otherwise agreed to in
writing by the parties. If you do not agree with any Agreement Modifications, your sole remedy is for
you to terminate this Agreement sending written notice of termination to WAVES. Otherwise, your
continued access or use of the Software shall constitute your acceptance of the Agreement
Modifications.
d) This Agreement is the complete and exclusive agreement between you and WAVES relating
to the Software and the Support Services and supersedes any previous or contemporaneous oral or
written communications, proposals, and representations with respect to its subject matter. This
Agreement also applies to all future transactions related to the Software and the Support Services
between you and WAVES. This Agreement prevails over any conflicting or additional terms of any
purchase order, ordering document, acknowledgement, or confirmation or other document that you
might issue, even if signed and returned.