Item 1.01 Entry into a Material Definitive Agreement

Destiny Media Technologies (the "Company") has entered into a commercial agreement with EMI Music North America to distribute their music digitally through the internet to radio stations and other trusted recipients in Canada, the United States and Mexico using the company's secure Play MPE digital distribution system (http://www.plaympe.com). The contract is effective November 1, 2007 and is for a one year term. It is in accordance with the company's standard transactional pricing schedule.