1) A band called the Roadrunners is playing at a small club in East London in 1964. Their guitarist Joe is frustrated that their singer Walter is late.
2) During their set, a man named Derek approaches Joe and offers to manage the band and rebrand their image if they want to pursue music professionally.
3) The next day, Joe calls Derek and renames the band One Way Out. Derek offers them contracts and a cash advance, suggesting this could be the beginning of promoting the band more widely.