COURT RULES IN FAVOR OF CURB RECORDS’ MOTION RE: TIM MCGRAW

Nashville, Tenn. (June 28, 2012) The
Court in Nashville has ruled in favor of Curb Records in a chapter of
its lawsuit against Tim McGraw — in which, among other things, Curb
Records contends that Tim is still under contract because he has not
provided his Fifth Option Period Album. The Court granted Curb
Records’ request to postpone the trial until it has the opportunity to
take additional evidence surrounding Big Machine Records’ signing of Tim
and when the 20 recordings Big Machine says it will release were made.
In addition, the Court of Appeals will soon hear the appeal of the
Nashville trial judge’s earlier ruling in which he found that, while it
appeared Tim may have breached his Recording Agreement and had failed to
deliver the Fifth Option Period Album, he would not issue
an injunction pending the trial to prevent Tim from signing with a new
record company until he had fulfilled his commitments to Curb Records.
The Court found that even though he did not enjoin Tim from signing with
another company, Tim may be liable for his failure to perform. The
Court of Appeals will determine whether an injunction should have been
issued.

While Big Machine Records has announced that it had signed Tim McGraw
and would be releasing an album apparently from those “20 new
recordings,” Curb Records believes, and has asked the Court to find,
that Tim remains under contract and the “20 recordings” belong to
Curb, as they were recorded during the term of Curb’s Recording
Agreement.

Until now, Curb Records has not publicly commented on the lawsuit with
Tim McGraw and the misinformation that has been reported regarding the
lawsuit. It is important to set the record straight and make clear why
there is a lawsuit with Tim.

Tim has signed three different contracts with Curb Records, electing to
re-sign with Curb Records two additional times. In Tim’s third and
current contract, he agreed to record six option albums. As a gesture,
Curb agreed to reduce his option albums in exchange for Tim honoring the
contract regarding the remaining five albums. In his contract, Tim
agreed to record the albums during specified periods of time. These
provisions, standard in the record industry, are designed for obvious
reasons. They give record labels adequate time to market and promote
an album and its singles and they prevent an artist from recording
multiple albums at once, ensuring that the music is always fresh. Tim
also agreed that he and Curb Records, together, would agree on the songs
which appear on those albums.

Ignoring these contract provisions, Tim commenced recording virtually all the songs which are embodied on the Emotional Traffic project even before the 2009 release of his previous album (Southern Voice) and without consulting Curb Records as to the contents of this record.

When asked to provide an album which met the terms of the contract, Tim
refused. Only then did Curb Records ask the Court to resolve this
matter, as it believes that Tim has not fulfilled his contract.

Unlike what has been reported, and as is obvious from the Court’s rulings, Tim has not won the lawsuit.

Curb Records believes that:

• Tim McGraw is still an artist on Curb Records’ label;

• That Big Machine had no right to sign Tim McGraw until his contract with Curb Records

           is over;

• That the “new music” advertised by Tim McGraw and Big Machine, or that Big Machine

            may choose to release before the Court ruling, is still owned by Curb Records;

• When the Court does rule, it will agree that Tim McGraw has breached his Recording

           Agreement with Curb Records.

Finally, Tim has stated publicly and to the Court that Emotional Traffic is the best album he has
ever recorded. His latest single from that album, “Right Back Atcha Babe,” has recently been
released by Curb Records.