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WAIVER

Forbearance Agreement

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This Forbearance Agreement involves

ARTISTDIRECT INC

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Title: WAIVER
Governing Law: New York     Date: 11/30/2005
Industry: RTNONA     Sector: SERVIC

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                                                                     EXHIBIT 4.2

 

                                     WAIVER

 

      THIS WAIVER ("Waiver") is made and entered into as of this 25th day of

November, 2005, by and among ARTISTdirect, Inc., a Delaware corporation (the

"Company"), and the undersigned Buyers. Capitalized terms used herein and

undefined shall have the meanings set forth in that certain Sub-debt

Registration Rights Agreement (defined in the Recitals below).

 

                                    RECITALS:

 

      WHEREAS, reference is made to that certain Registration Rights Agreement

dated as of July 28, 2005 (the "Sub-debt Registration Rights Agreement"), by and

among the Company and the Buyers;

 

      WHEREAS, Section 2.b. of the Sub-debt Registration Rights Agreement limits

the ability of the Company to include any Securities, other than the Securities

issued pursuant to the Note Purchase Agreement or the Securities Purchase

Agreement, both dated as of July 28, 2005, or Securities issued to Libra

Securities, LLC, in a resale registration statement filed by the Company with

the Securities and Exchange Commission ("Registration Restrictions");

 

      WHEREAS, the Company previously issued a warrant to 5670 Wilshire L.P.

("Landlord") to purchase up to Two Hundred Thousand (200,000) shares of Common

Stock (the "Landlord Warrant");

 

      WHEREAS, the Landlord Warrant contains certain piggyback registration

rights ("Piggyback Rights");

 

      WHEREAS, the Company wishes to offer to Landlord the right to include the

shares of Common Stock underlying the Landlord Warrant in the resale

registration statement originally filed by the Company with the Securities and

Exchange Commission on November 10, 2005 (the "Registration Statement");

 

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