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This SETTLEMENT AGREEMENT is entered into this 1st of January, 2006, by and among Steven Jobs and Apple Computer Inc. (“Apple”) and Apple Corps (“The Beatles”). This Agreement ends all disputes between Apple Computer and The Beatles regarding Apple Computer’s use of the “Apple” trademark and its right to sell music-related products. 1. While both parties to the Settlement Agreement, Apple Computer and Apple Corps (“The Beatles: Paul McCartney, Ringo Starr, and the widows of John Lennon and George Harrison”), concur that all you need is love, they also are in accordance that cold, hard cash is a fair and accurate expression of love. The parties stipulate that the parties involved include a rock band that has not played a note in the 34 years since its 1970 breakup and an ex-hippie entrepreneur who still considers said band a meaningful cultural force. 2. With respect to this Agreement, both parties initially acknowledge that, as charming and popular as he is, Ringo Starr will not play drums or any other percussion instrument on a music project conceived of or involving Steven Jobs either here, there, everywhere, or anywhere, for that matter. Both parties also agree unconditionally that Starr, not Lennon or McCartney, really did write “Octopus’s Garden,” despite scant evidence that he has any songwriting ability. 3. Insofar as Steven Jobs is a Settling Defendant in this case, he reserves sole rights in perpetuity to perform The Beatles song “Get Back” at backyard barbecues, midnight Apple brainstorming sessions, or workday corporate “jam sessions,” but must limit himself to playing air guitar. 4. Settling Defendant also shall have the right to terminate this agreement in the event that McCartney (“The Cute but Money-Grubbing Beatle”) or Yoko Ono (“The Woman Who Broke Up The Beatles”) dredges up some muddy recording of the late John Lennon singing in the shower and tries to pass it off as a “lost recording.” 5. In lieu of a large cash payment by Apple Computer, the company agrees to remove the Apple logo from all future iterations of the iPod music player and iTunes music service. Mr. Jobs also consents to remove all digitized versions of the original Beatles albums from his own personal iPod, since they are not, and will never be, available commercially — at least if Paul McCartney, a vegetarian who won’t own a computer until they run on alfalfa sprouts, can help it. 6. Steven Jobs warrants and represents that (i) I am he as you are he as you are me and we are all together; (ii) the Walrus, putatively and in actuality, was Paul; (iii) Goo-goo-a’joob. 7. Insofar as the late George Harrison (“The Quiet Beatle”) first learned about Apple Computer by spotting an advertisement for the company in a magazine soon after its founding in 1976, and immediately wondered whether his trademark had been infringed, the surviving Beatles agree to no longer subscribe to or peruse computer-themed periodicals or any periodical construed to contain computer-themed advertising. 8. Apple agrees, after exchanging many non sequiturs and a few artful-sounding screeches with Yoko Ono, to stop referring to the design of its iPod as “avant-garde.” It also agrees to acknowledge Ono as the sole inventor of the avant-garde and an artist in her own regard. 9. Within 30 days of this Settlement, and in light of the fact that Apple Computer paid The Beatles $80,000 in 1991 for the right to use the name Apple on its computers and $26.5 million in 1989 to allow its computers to have the ability to record music, The Beatles agree to state that while Paul is not dead, the Sixties certainly are, making the legitimacy of future lawsuits regarding the Apple trademark tenuous at best.

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