EX-10.4




 Exhibit 10.4 

 

TRADEMARK LICENSE AGREEMENT 

  

			
	  
 Name and
Address of Licensee:
  
 GE HealthCare Imaging Holding Inc.

3000 N Grandview Blvd
 Waukesha, WI 53188

 
 Attn: [***]

E-mail: [***]
  

with a copy (which will not constitute notice) to:
  

GE HealthCare
 500 West Monroe Street

Chicago, IL 60661
  

Attn: [***]
 E-mail:
[***]
	  	  

Name and Address of Parent:
  

General Electric Company
 Trademark Operation

901 Main Ave
 Norwalk, CT 06851

 
 Attn: [***]

E-mail: [***]
  

with a copy (which will not constitute notice) to:
  

General Electric Company
 Trademark Operation

901 Main Ave
 Norwalk, CT 06851

 
 Attn: [***]

E-mail: [***]
  


 CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS TRADEMARK LICENSE AGREEMENT HAS BEEN OMITTED BY MEANS OF REDACTING A
PORTION OF THE TEXT AND REPLACING IT WITH [***], PURSUANT TO REGULATION S-K ITEM 601(B) OF THE SECURITIES ACT OF 1933, AS AMENDED. CERTAIN CONFIDENTIAL INFORMATION HAS BEEN EXCLUDED FROM THE EXHIBIT
BECAUSE IT IS: (i) NOT MATERIAL AND (ii) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. 
  











 TABLE OF CONTENTS 

 

					
		  	 	Page	 
		
	 1.  DEFINITIONS
	  	 	2	 
		
	 1.1   Defined Terms
	  	 	2	 
		
	 1.2   Additional Defined Terms
	  	 	8	 
		
	 2.  GRANT OF LICENSE
	  	 	9	 
		
	 2.1   Licensed Products
	  	 	9	 
		
	 2.2   Trade Name
	  	 	11	 
		
	 2.3   Legal Entity Names
	  	 	12	 
		
	 2.4   Sublicensing
	  	 	13	 
		
	 2.5   Reservation of Rights
	  	 	13	 
		
	 3.  QUALITY CONTROL
	  	 	14	 
		
	 3.1   Parent’s Quality Control
	  	 	14	 
		
	 3.2   Safety, Quality, Compliance and Warranty Requirements
	  	 	14	 
		
	 3.3   Record-keeping
	  	 	16	 
		
	 3.4   Information Requests and Samples
	  	 	17	 
		
	 3.5   Inspections and Audits
	  	 	17	 
		
	 3.6   Non-conformance
	  	 	18	 
		
	 3.7   Recalls
	  	 	18	 
		
	 3.8   Vendor Compliance
	  	 	18	 
		
	 3.9   Parent Review/Approvals; Regulatory Compliance
	  	 	19	 
		
	 4.  MARKETING AND COMMUNICATIONS MEETINGS
	  	 	20	 
		
	 4.1   Marketing and Communications Meetings
	  	 	20	 
		
	 4.2   Approval of Marketing Strategies
	  	 	20	 
		
	 5.  OWNERSHIP AND USE OF THE MARK AND RELATED REQUIREMENTS
	  	 	21	 
		
	 5.1   Ownership
	  	 	21	 
		
	 5.2   Review and Approval of Materials by Parent
	  	 	21	 
		
	 5.3   Use of GE Marks and Trademark Notations
	  	 	22	 
		
	 5.4   Changes to GE Marks
	  	 	22	 
		
	 5.5   Compliance Matters With Respect To Marketing Materials
	  	 	23	 
		
	 5.6   Internet Sales
	  	 	24	 
		
	 5.7   Obligations of Licensee
	  	 	24	 
		
	 5.8   Brand Equity
	  	 	25	 


  
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	 5.9   Assistance in Protecting the GE Marks
	  	 	26	 
		
	 5.10   Foreign Registration of the GE Marks
	  	 	26	 
		
	 5.11   Notice of Third-Party Infringements by Licensed Products
	  	 	27	 
		
	 5.12   Third Party Infringements of GE Marks
	  	 	27	 
		
	 5.13   Implementation
	  	 	28	 
		
	 5.14   Modification Due to Third-Party Claims
	  	 	28	 
		
	 5.15   Territorial Restrictions
	  	 	29	 
		
	 5.16   Cyber Security Concerns and Product Security Vulnerabilities
	  	 	29	 
		
	 6.  FEES, ROYALTIES, REPORTS, RECORDS
	  	 	29	 
		
	 6.1   Annual Assessment
	  	 	29	 
		
	 6.2   Royalties on New Licensed Products
	  	 	29	 
		
	 6.3   Taxes
	  	 	30	 
		
	 6.4   Currency and Exchange Rates
	  	 	30	 
		
	 6.5   Quarterly Financial Reports
	  	 	30	 
		
	 6.6   Payment Method
	  	 	30	 
		
	 6.7   Late Payment Charge
	  	 	31	 
		
	 6.8   Report and Record Retention
	  	 	31	 
		
	 6.9   Accounting Principles
	  	 	31	 
		
	 6.10   Inspection Rights
	  	 	31	 
		
	 6.11   Deficiencies Revealed by Audit
	  	 	32	 
		
	 7.  TERM, RENEWAL AND TERMINATION
	  	 	32	 
		
	 7.1   Term
	  	 	32	 
		
	 7.2   Termination of the Agreement
	  	 	32	 
		
	 7.3   Obligations on Expiration and Termination; Survival
	  	 	34	 
		
	 7.4   Grace Period
	  	 	36	 
		
	 7.5   Adequate Assurances
	  	 	36	 
		
	 8.  INSURANCE
	  	 	37	 
		
	 9.  REPRESENTATIONS, WARRANTIES AND COVENANTS; INDEMNIFICATION; DISCLAIMERS
	  	 	37	 
		
	 9.1   Compliance with Laws
	  	 	37	 
		
	 9.2   No Child Labor
	  	 	38	 
		
	 9.3   Respectful Workplace and Human Rights
	  	 	38	 
		
	 9.4   Environmental Waste
	  	 	38	 
		
	 9.5   Ethics Compliance
	  	 	39	 
		
	 9.6   Parent Trademark Warranty
	  	 	39	 


  
 ii 













					
	 9.7   No Other Representations or Warranties
	  	 	40	 
		
	 9.8   Licensee’s Indemnity
	  	 	40	 
		
	 9.9   Parent’s Indemnity
	  	 	41	 
		
	 9.10   General Disclaimers
	  	 	41	 
		
	 9.11   Limitation on Liability
	  	 	41	 
		
	 9.12   Remedies Not Exclusive
	  	 	42	 
		
	 10. MISCELLANEOUS
	  	 	42	 
		
	 10.1   Assignment and Divested Entities
	  	 	42	 
		
	 10.2   Governing Law
	  	 	43	 
		
	 10.3   Notices
	  	 	43	 
		
	 10.4   Severability
	  	 	44	 
		
	 10.5   Counterparts; Entire Agreement; Corporate Power
	  	 	44	 
		
	 10.6   Third-Party Beneficiaries
	  	 	45	 
		
	 10.7   Waivers of Default
	  	 	45	 
		
	 10.8   Amendment
	  	 	45	 
		
	 10.9   Interpretation
	  	 	45	 
		
	 10.10  Headings
	  	 	46	 
		
	 10.11  Dispute Resolution
	  	 	46	 
		
	 10.12  Specific Performance
	  	 	46	 
		
	 10.13  Waiver of Jury Trial
	  	 	46	 
		
	 10.14  Confidentiality
	  	 	47	 
		
	 10.15  Relationship of the Parties
	  	 	47	 

  

			
	ATTACHMENT 1	  	GE MARKS
	ATTACHMENT 2	  	LICENSED TERRITORY
	ATTACHMENT 3	  	MARKETING MEETING OUTLINE
	ATTACHMENT 4	  	GE DOMAIN NAMES
	ATTACHMENT 5	  	GE DATA PRIVACY AND PROTECTION GUIDELINES FOR TRADEMARK LICENSEES
	ATTACHMENT 6	  	APPROVED GE ENTITY NAMES
	ATTACHMENT 7	  	HEALTHCARE VISUAL AND BRANDING GUIDELINES
	ATTACHMENT 8	  	EXCLUDED SUBSIDIARIES

  

  
 iii 












 This TRADEMARK LICENSE AGREEMENT (this “Agreement”), dated as of
December 31, 2022 is made and entered into by and between General Electric Company, a New York corporation (“Parent”), as licensor, and GE HealthCare Imaging Holding Inc., a Delaware corporation (“Licensee”), as licensee. 
 PREAMBLE 

WHEREAS, 
  

	 	A.	 Parent and GE Healthcare Technologies Inc., a Delaware corporation (“SpinCo”) previously
entered into that certain Separation and Distribution Agreement, dated November 7, 2022 (as amended, modified or supplemented from time to time in accordance with its terms, the “Separation Agreement”); 



 

	 	B.	 The Separation Agreement requires the execution and delivery of this Agreement by the Parties as of the
Distribution Date; 


  

	 	C.	 Parent owns the GE Marks and holds registrations thereof in various countries of the world for various products
and services; 


  

	 	D.	 Parent has the right to grant the rights and licenses granted in this Agreement to Licensee;



  

	 	E.	 The GE Marks constitute valuable rights owned and used by Parent and its Affiliates in conducting their
businesses and designating the origin or sponsorship of their distinctive products and services; 


  

	 	F.	 Parent desires to enhance and protect the goodwill of the GE Marks and to preserve its and its Affiliates’
rights to label products and associated services with the GE Marks so as to avoid consumer confusion; 


  

	 	G.	 Licensee and Parent agree that certain rules regarding Licensee’s use of the GE Marks are necessary to
enhance and protect the goodwill of the GE Marks, and to ensure that Parent’s and its Affiliates’ rights in the GE Marks are preserved; 


  

	 	H.	 Licensee wishes to use the GE Marks upon and in connection with the manufacture, importation, exportation,
packaging, display, sale, marketing, advertising, promotion, distribution, delivery, performance and provision of the Licensed Products; 


  

	 	I.	 In connection with the transactions contemplated by the Separation Agreement, Parent desires to grant to
Licensee rights and licenses to use the GE Marks in accordance with the terms, and subject to the conditions, set forth herein; and 


  












	 	J.	 Licensee acknowledges Parent is entering into this Agreement as required by the Separation Agreement, for
payment of the fees and royalties to be paid by Licensee to Parent hereunder, and also for the promotional value and marketing benefits to be secured by Parent as a result of the manufacture, importation, exportation, packaging, display, sale,
marketing, advertising, promotion, distribution, delivery, performance and provision of the Licensed Products. 


 NOW
THEREFORE, in consideration of the mutual covenants contained herein and in the Separation Agreement, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Parties, intending to be legally
bound, hereby agree as follows: 
  

	1.	 DEFINITIONS 



1.1 Defined Terms. 

Unless otherwise defined in this Agreement, all capitalized terms used herein shall have the meanings ascribed to such terms in the Separation
Agreement. The following capitalized terms as used in this Agreement shall have the meanings given to them below. 
 (a) “Additional
Fields” means the following fields of care: (i) cardiology and vascular; (ii) oncology, including radiation oncology (interventional/external beam/radiopharma); (iii) neurology and nervous system; (iv) musculoskeletal and
orthopedics; (v) gastrointestinal and urology; (vi) obstetrics, gynecology and reproductive health; (vii) ophthalmic; (viii) ear, nose and throat (e.g., endoscopy); (ix) nephrology; (x) endocrine and lymphatic system;
(xi) ultrasound therapies; (xii) in vitro diagnostics; (xiii) drug delivery (e.g., IV pumps); and (xiv) general surgery. 

(b) “Additive Technologies” means any activity, asset, device, Software, product or service that processes or enables the
processing of the joining of materials to make objects from 3D model data, usually layer upon layer, as opposed to subtractive manufacturing methodologies, including any activities, assets, devices, Software, products or services to the extent they
store, process, analyze, manage, secure, or transfer data in connection with such processing or the enablement of such processing. 
 (c)
“Affiliate” of any Person means a Person that controls, is controlled by or is under common control with such Person. As used herein, “control” of any entity means the possession, directly or indirectly, of the power to
direct or cause the direction of the management or policies of such entity, whether through ownership of voting securities or other interests, by Contract or otherwise; provided, however, that (i) SpinCo and the other members of
the SpinCo Group shall not be considered Affiliates of Parent or any of the other members of the Parent Group and (ii) Parent and the other members of the Parent Group shall not be considered Affiliates of SpinCo or any of the other members of
the SpinCo Group. 
 (d) “Bankruptcy Event” shall have occurred in respect of a Person, if such Person becomes insolvent,
or generally does not pay its debts as they become due, or admits in writing its inability to pay its debts, or makes a general assignment for the benefit of creditors, or (a) if insolvency, receivership, reorganization or bankruptcy
proceedings are commenced against any such party, and such proceedings are not dismissed within sixty (60) days, or (b) if insolvency, receivership, reorganization or bankruptcy proceedings are commenced by any such Person. 

  
 2 












 (e) “Business Day” means any day that is not a Saturday, a Sunday or other
day on which commercial banks in the City of New York, New York are required or authorized by Law to be closed. 
 (f) “Change of
Control” means, with respect to Licensee or a Permitted Sublicensee, the acquisition, directly or indirectly, of control of Licensee or such Permitted Sublicensee by a third party, either alone or pursuant to an arrangement or understanding
with one or more persons. 
 (g) “Contract Year” means each twelve (12) month period from and including January 1st
through and including December 31st during the Term, with the exception of (i) the first Contract Year (Contract Year 1), which shall be for the period from and including the Distribution Date through and including December 31, 2023 and
(ii) the final Contract Year, which shall be from and including January 1st of the relevant year through the later of (a) the Expiration Date or (b) the end of any Grace Period. 

(h) “Digital Solutions” means any Digital Solutions Products and Services in existence as of or after the Distribution Date,
that in each case are not exclusively applicable to the SpinCo Business (excluding any Former SpinCo Business). 
 (i) “Digital
Solutions Products and Services” means any activity, asset, device, Software, product or service (i) that connects, senses, measures, coordinates, manages, tests, controls, automates, or communicates between or among two (2) or
more of (A) industrial assets, (B) complex healthcare assets and (C) network edge devices; or (ii) which stores, processes, analyzes, manages, secures (including provision of unauthorized access detection and prevention, data
security in transit, or other cybersecurity or operation security features), or transfers industrial or complex data, including healthcare data, in connection with such activities, assets, devices, Software, products or services of subsection (i).

 (j) “Domain Names” means Internet domain names, including top level domain names, global top level domain names, and
URLs. 
 (k) “Earned Royalties” means royalties earned at the rates negotiated in good faith by the Parties (as
contemplated in Section 2.1(b)) based on Net Sales of New Licensed Products. 
 (l) “Exclusively Licensed
Products” means (i) all products and services that, as of immediately prior to the Distribution Date, are both (A) branded with a GE Mark and (B) exclusively sold by the SpinCo Business (excluding any Former SpinCo Business),
including such products and services in the Existing Fields, and any natural evolutions thereof and (ii) any other products and services approved by Parent for inclusion as an Exclusively Licensed Product in accordance with
Section 2.1(b); provided, however, that “Exclusively Licensed Products” shall in no event include, and shall expressly exclude Separate Product Components, Software, Digital Solutions, Additive
Technologies or other products and services that would constitute “Non-Exclusively Licensed Products” as defined in this Agreement. 

  
 3 












 (m) “Existing Fields” means the following fields of care:
(i) diagnostic imaging; (ii) ultrasound; (iii) patient monitoring; (iv) diagnostic cardiology; (v) anesthesia and ventilators; (vi) maternal and infant care; (vii) image-guided therapy; (viii) pharmaceutical
diagnostics (e.g., contrast and molecular imaging agents); (ix) supplies, consumables, and services related to the foregoing; and (x) financing healthcare assets. 

(n) “Expiration Date” means the earlier of (i) ten (10) years following the Distribution Date if this Agreement is not
renewed, and if it is renewed, the last day of the last Renewal Term and (ii) the date on which this Agreement is otherwise terminated. 

(o) “Former Business” means any corporation, partnership, entity, product line, division, business unit or business,
including any business within the meaning of Rule 11-01(d) of Regulation S-X (in each case, including any assets and liabilities comprising the same) that has been sold,
conveyed, assigned, transferred or otherwise disposed of or divested (in whole or in part) to a Person other than Parent or its Subsidiaries or the operations, activities or production of which has been discontinued, abandoned, completed or
otherwise terminated (in whole or in part), in each case, prior to the Distribution Date. 
 (p) “Former SpinCo Business”
means the operations set forth on Schedule 1.01(c) of the Separation Agreement and any Former Business that at the time of sale, conveyance, assignment, transfer, or other disposition or divestiture (in whole or in part) or discontinuation,
abandonment, completion or termination (in whole or in part) of the operations, activities or production thereof, was primarily managed by or primarily associated with the SpinCo Business or any portion thereof as then conducted. 

(q) “GE Domain Names” means the Domain Names listed and referenced on Attachment 4. 

(r) “GE Marks” means the Trademarks listed and referenced on Attachment 1, as may be unilaterally amended from time to
time by Parent with reasonable advance notice to Licensee, solely to reflect modifications to the appearance of the GE Marks and the guidelines for use of the GE Marks, including to comply with the Usage Guidelines. 

(s) “Governmental Authority” means any federal, state, local, foreign, international or multinational government, political
subdivision, governmental, quasi-governmental authority of any nature (including any department, commission, board, bureau, agency, court, tribunal) or other body exercising legislative, judicial, regulatory, administrative or taxing authority,
arbitral body or official of any of the foregoing. 
 (t) “Grace Period” means the time in which sales of any Licensed
Products are permitted following the termination date as provided in Sections 7.3(c) and 7.4. 
 (u) “Gross
Revenue” means all gross revenue directly or indirectly invoiced or received for all Licensed Products Sold by or for Licensee or any Affiliate of Licensee to any third-party (e.g., retailers, distributors, dealers, resellers, sales
agents, consumers, etc.) before any discounts, allowances, other deductions, setoffs or offsets. For clarity, Gross Revenue is computed on sales by Licensee’s Affiliates (and not only by Licensee and Permitted Sublicensees) solely for purposes
of computing Earned Royalties. 

  
 4 












 (v) “Intellectual Property” means all of the following intellectual
property and similar rights, title or interest arising under the Laws of the United States or any other country: (i) patents, patent applications and patent rights, including any such rights granted upon any reissue, reexamination, division,
extension, provisional, continuation or continuation-in-part applications (“Patents”); (ii) copyrights, moral rights, mask work rights, database rights
and design rights, whether or not registered, and registrations and applications for registration thereof, and all rights therein provided by international treaties or conventions (“Copyrights”); and (iii) trade secrets;
provided, however, as used in this Agreement, the term “Intellectual Property” expressly excludes Trademarks and rights arising from or in respect of Domain Names and Domain Name registrations and reservations and Software.

 (w) “Law” means any statute, law, regulation, ordinance, rule, judgment, rule of common law, order, decree, Governmental
Approval, concession, grant, franchise, license, directive, guideline, policy, requirement or other governmental restriction or any similar form of decision of, or determination by, or any interpretation or administration of any of the foregoing by,
any Governmental Authority, whether now or hereinafter in effect and, in each case, as amended. 
 (x) “Licensed Products”
means, collectively, (i) the Exclusively Licensed Products and (ii) the Non-Exclusively Licensed Products. 

(y) “Licensed Territory” means the jurisdictions set forth on Attachment 2. 

(z) “Net Sales” means the total Gross Revenue less the following documented and supportable items of expense to the extent to
which they are actually paid or allowed: 
 (i) trade or quantity discounts and allowances customarily and regularly required
by and actually granted to customers or any other third party (e.g., retailers, distributors, dealers, and consumers, including commissions paid to distributors or dealers) acquiring from Licensee or Licensee’s Affiliate;
provided, however, that, subject to applicable Law or regulatory requirements, the deduction for such discounts and allowances may not exceed ten percent (10%) of Gross Revenue in any Contract Year; 

(ii) returns actually made and credited if amounts equal to such credits have previously been included in Gross Revenue;
provided, however, that the deduction for such returns may not exceed ten percent (10%) of Gross Revenue in any Contract Year; 

(iii) value added taxes, sales taxes, use taxes or similar taxes on sales to the extent included in Gross Revenues; and 

(iv) separately stated freight or Licensee’s or any Permitted Sublicensee’s cost of freight as evidenced in each case
by proper documentation (e.g., UPS shipment invoice or other documentation requested by Parent) to the extent included in Gross Revenues; 

provided, however, that Licensee shall not deduct from Gross Revenue: (A) except as expressly set forth in this
Section 1.1(z), any expenses, accruals, allowances, or any other costs incurred or amounts accrued by Licensee or Permitted Sublicensees (1) in the manufacture, importation, exportation, packaging, display, sale,
marketing, advertising, promotion, distribution, delivery or provision of the New Licensed Products, or (2) relating to uncollectible accounts, bad debts, warranty claims, extended warranty claims, returns processing, co-op advertising or insurance; or (B) any indirect or overhead expense of any kind whatsoever. 

  
 5 












 (aa) “New Legal Names” means new legal entity names of any Person that do
not consist in whole or in part of, and are not dilutive of or confusingly similar to, the GE Marks, except as explicitly approved by Parent in accordance with the terms of this Agreement. 

(bb) “Non-Exclusively Licensed Products” means all (i) products and services
that, as of immediately prior to the Distribution Date, are both (A) branded with a GE Mark and (B) sold by both the Parent Business (excluding any Former Business) and the SpinCo Business (excluding any Former SpinCo Business), including
such products and services in the Existing Fields, and any natural evolutions thereof, (ii) Separate Product Components, provided, that such Separate Product Components are embedded into Licensed Products or otherwise distributed for use
as part of or in connection with Licensed Products, (iii) Software or Digital Solutions that, as of immediately prior to the Distribution Date, are both (A) branded with a GE Mark and (B) used or sold by the SpinCo Business (excluding
any Former SpinCo Business), and any natural evolutions thereof, and (iv) any other products and services approved by Parent for inclusion as a Non-Exclusively Licensed Product in accordance with
Section 2.1(b); provided, however, that “Non-Exclusively Licensed Products” shall in no event include, and shall expressly exclude, any Additive Technologies.

 (cc) “Parent Business” means the businesses and operations as conducted immediately prior to the Distribution or as
formerly conducted by Parent and its Subsidiaries other than the SpinCo Business, including any Former Business other than any Former SpinCo Business. 

(dd) “Parent Personal Information” shall have the meaning set forth in Section 2(e) of the Data
Privacy Guidelines included in Attachment 5. 
 (ee) “Party” means Parent and Licensee individually, and
“Parties” means Parent and Licensee collectively. 
 (ff) “Permitted Sublicensees” means: (a) SpinCo;
and (b) any of SpinCo’s Subsidiaries (other than Licensee) that are engaged in the SpinCo Business (excluding any Former SpinCo Business) as of immediately prior to the Distribution Date, but excluding the entities listed on Attachment
8; provided, that, in the event that (i) SpinCo acquires, otherwise obtains or forms additional direct or indirect Subsidiaries after the Distribution Date, any such Subsidiary shall be deemed a Permitted Sublicensee upon
Parent’s written consent, (x) which shall not be unreasonably withheld with respect to any wholly-owned Subsidiary, and (y) which shall be provided in Parent’s sole discretion with respect to any other Subsidiary, and
(ii) any Permitted Sublicensee ceases to be a Subsidiary of SpinCo, except as and to the extent provided in Section 10.1(c), such Person shall immediately cease to be a “Permitted Sublicensee” and all
sublicenses granted to it under the rights and licenses hereunder shall automatically terminate forthwith. 

  
 6 












 (gg) “Person” means an individual, a general or limited partnership, a
corporation, an association, a trust, a joint venture, an unincorporated organization, a limited liability company, any other entity or any Governmental Authority. 

(hh) “Personal Information” shall have the meaning set forth in Section 2(f) of the Data Privacy
Guidelines in Attachment 5. 
 (ii) “Professional Medical Device” means a professional diagnostic, surgical,
monitoring or therapeutic medical device. 
 (jj) “Reporting Period” means each calendar quarter of each Contract Year and
any Grace Period; provided, however, that the first and last such quarter during the Term or any Grace Period may not be a full calendar quarter. 

(kk) “Separate Product Components” means any individual component of a Licensed Product, taken separately from the Licensed
Product as a whole, including cameras, monitors, sensors and printers. 
 (ll) “Software” means all: (i) computer
programs, including all software implementation of algorithms, models, formulas and methodologies, whether in source code, object code, human readable form or other form; (ii) descriptions, flow charts and other work products used to design,
plan, organize and develop any of the foregoing, screens, user interfaces, report formats, firmware, development tools, templates, menus, buttons and icons; and (iii) all documentation, including user manuals and other training documentation,
relating to any of (i) or (ii). 
 (mm) “Sold” means the first to occur of any of the following events with respect to
specified Licensed Products: (i) when delivered, leased, loaned, rented or otherwise provided or disposed of; (ii) when paid for; or (iii) when billed. The term “Sell” shall have a correlative meaning. 

(nn) “SpinCo Business” means the Healthcare businesses and operations of Parent and its Subsidiaries, as such businesses and
operations were conducted as of immediately prior to the Distribution or as formerly conducted by Parent and its Subsidiaries, including as described in the Information Statement, together with any Former SpinCo Businesses. 

(oo) “Standards of Quality” means the GE Data Privacy and Protection Guidelines for Licensees (“Data Privacy
Guidelines”) and the other guidelines set forth in Article 3, which shall not be less than (i) the high standards of quality, appearance, service and other standards that are observed immediately prior to the
Distribution Date by SpinCo Group or Parent Group in the commercialization, advertising, marketing and promotion of Licensed Products rendered immediately prior to or as of the Distribution Date and (ii) the standards that Licensee, Permitted
Sublicensees and their respective Vendors observe in their commercialization, advertising, marketing and promotion from time to time of any products and services similar to the Licensed Products. 

  
 7 












 (pp) “Subsidiary” of any Person means any corporation or other
organization, whether incorporated or unincorporated, of which at least a majority of the securities or interests having by the terms thereof ordinary voting power to elect at least a majority of the board of directors or others performing similar
functions with respect to such corporation or other organization, is directly or indirectly owned or controlled by such Person or by any one or more of its Subsidiaries. 

(qq) “Trademarks” means, collectively, trademarks, service marks, trade names, service names, taglines, slogans, brand names,
brand marks, trade dress, identifying symbols and logos, including all goodwill associated therewith, and registrations and applications for registration thereof, all rights therein provided by international treaties or conventions, and all
extensions and renewals of any of the foregoing. 
 (rr) “Usage Guidelines” means, collectively: (i) Parent’s
guidelines for use of the GE Marks as may be provided and amended from time to time by Parent in its sole discretion; (ii) Parent’s Brand Identity Guidelines (http://www.gebrandcentral.com/article/brand-architecture), or any
successor brand identity guidelines thereto, as may be updated from time to time by Parent in its sole discretion; and (iii) the Healthcare Visual and Branding Guidelines which are set forth in Attachment 7, as may be updated from time
to time by Parent in its sole discretion or as requested by Licensee and approved by Parent in its sole discretion. 
 (ss)
“Vendor” means (i) any supplier to Licensee or a Permitted Sublicensee that manufactures or assembles finished Licensed Products and (ii) any supplier to Licensee or a Permitted Sublicensee of components that bear a GE
Mark for incorporation into Licensed Products or any subcontractor that provides any portion of services included in the Licensed Products that are Sold under a GE Mark. 

1.2 Additional Defined Terms. 
 The following terms have
the meanings set forth in the Section set forth opposite such term: 
  

			
	 Term
	  	 Section

	Agreement	  	Preamble
	Annual Fee	  	6.1
	Applicable Standards	  	3.2(a)
	Applicable Vendor Standards	  	3.8(b)
	Approved GE Entity Names	  	2.3(a)
	Approved Marketing Strategies	  	4.1
	Assignee	  	10.1(c)
	Books and Records	  	6.8
	Change of Control Notice	  	7.2(c)
	child	  	9.2
	children	  	9.2
	Damages	  	9.8(a)
	Data Privacy Guidelines	  	1.1(oo)
	Divested Entity	  	10.1(b)
	EHS	  	3.5
	EWR Products	  	9.4
	Financial Report	  	6.5
	GAAP	  	6.9


  
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	 Term
	  	 Section

	IFRS	  	6.9
	Initial Notice	  	7.2(c)
	Initial Term	  	7.1
	Licensee	  	Preamble
	Licensee Indemnified Parties	  	9.9(a)
	Licensee’s Indemnity	  	9.8(a)
	Marketing Meeting Outline	  	4.1
	Marketing Meetings	  	4.1
	New Licensed Product	  	2.1(b)
	NPI Process	  	3.2(c)
	Parent	  	Preamble
	Parent Indemnified Parties	  	9.8(a)
	Renewal Term	  	7.1
	Required Insurance	  	8.1
	Responsible Parties	  	9.4
	Separation Agreement	  	Recitals
	SpinCo	  	Recitals
	SRG	  	3.8(a)
	Term	  	7.1
	Waste Fees	  	9.4

  

	2.	 GRANT OF LICENSE 



2.1 Licensed Products. 
 (a) In
accordance with the terms, and subject to the conditions, set forth in this Agreement, Parent hereby grants Licensee: 
 (i)
a limited, personal, fee-bearing (with respect to (A) Exclusively Licensed Products and (B) New Licensed Products described in Section 2.1(b)(i) that are deemed Exclusively
Licensed Products in accordance with Section 2.1(b)) or royalty-bearing (with respect to New Licensed Products described in Section 2.1(b)(ii) or Section 2.1(b)(iii) that
are deemed Exclusively Licensed Products in accordance with Section 2.1(b)), exclusive (even as to Parent, but subject to any rights granted prior to the Distribution Date),
non-transferable, non-assignable (except as permitted in accordance with Section 10.1),
non-sublicensable (except as permitted in accordance with Section 2.4), license during the Term and any Grace Period only in the Licensed Territory to use the GE Marks only in
connection with the manufacture by or for Licensee (including the right to have manufactured by Vendors in accordance with Article 3) and the importation, exportation, packaging, display, sale, marketing, advertising,
promotion, distribution, delivery, performance and provision of Exclusively Licensed Products, solely in connection with the SpinCo Business (excluding any Former SpinCo Business) as conducted as of immediately prior to the Distribution Date, and
any natural evolutions thereof; provided, however, that in no event shall Parent be restricted from using the GE Marks in connection with the importing, exporting, packaging, displaying, selling, marketing, advertising, promoting,
distributing, delivering, performing or providing any products or services (including, for the avoidance of doubt, any products or services that would otherwise constitute Exclusively Licensed Products) created using or generated by or through the
use of, or that constitute the output of any Additive Technologies; and 

  
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 (ii) a limited, personal,
fee-bearing (with respect to (A) Non-Exclusively Licensed Products and (B) New Licensed Products described in Section 2.1(b)(i) that
are deemed Non-Exclusively Licensed Products in accordance with Section 2.1(b)) or royalty-bearing (with respect to New Licensed Products described in
Section 2.1(b)(ii) or Section 2.1(b)(iii) that are deemed Non-Exclusively Licensed Products in accordance with Section 2.1(b)), non-exclusive, non-transferable, non-assignable (except as permitted in accordance with Section 10.1), non-sublicensable (except as permitted in accordance with Section 2.4), license during the Term and any Grace Period only in the Licensed Territory to use the GE Marks only in connection
with the manufacture by or for Licensee (including the right to have manufactured by Vendors in accordance with Article 3) and the importation, exportation, packaging, display, sale, marketing, advertising, promotion,
distribution, delivery, performance and provision of Non-Exclusively Licensed Products, solely in connection with the SpinCo Business (excluding any Former SpinCo Business) as conducted as of immediately prior
to the Distribution Date and any natural evolutions thereof. 
 All such use shall be in strict accordance with the Standards of Quality, the Usage
Guidelines and otherwise in accordance with all terms, and subject to all and conditions, set forth this Agreement. 
 (b) Licensee may
request that the foregoing licenses be extended to cover additional products or services in the Licensed Territory (a “New Licensed Product”). Any such request by Licensee shall be submitted in writing to Parent in a form containing
information and details mutually agreed upon between the Parties. Parent shall have the right, in its sole discretion, to request additional information to facilitate its assessment of any such request. Any such extension to a New Licensed Product
shall be subject to the following: 
 (i) With respect to New Licensed Products that are (x) Professional Medical
Devices for use in one or more of the Additional Fields, (y) radiopharmaceutical therapies or therapeutics associated with antigen-based imaging agents, or (z) imaging and image-guided devices and digital solutions for use in the dental
field, any such extension of the licenses hereunder shall not be subject to the prior written approval of Parent or any additional royalties; provided, however, that Licensee must provide Parent with reasonable prior notice of any
request to extend such licenses to any such New Licensed Product and any such extension shall become effective only upon Parent’s (A) confirmation that Parent has all necessary rights to grant such extension and (B) designation of
such New Licensed Product as an Exclusively Licensed Product or Non-Exclusively Licensed Product (as set forth below in this Section 2.1(b)). 

(ii) With respect to all New Licensed Products that are Professional Medical Devices, other than New Licensed Products
addressed in Section 2.1(b)(i), any such extension of the licenses hereunder shall be subject to Parent’s prior written approval, not to be unreasonably withheld or denied, and a royalty rate to be negotiated in good
faith between the Parties; [***]. 

  
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 (iii) With respect to all New Licensed Products that are not addressed in
Section 2.1(b)(i) or Section 2.1(b)(ii), any such extension of the licenses hereunder shall be subject to Parent’s prior written approval, which shall be provided in Parent’s sole
discretion and which may not extend to all such requested products or services nor all jurisdictions in the Licensed Territory, and a royalty rate to be negotiated in good faith between the Parties. 

With respect to any of the foregoing requests for extensions to a New Licensed Product, Licensee acknowledges and agrees that any such
extensions may be subject to additional terms or conditions, as deemed necessary or desirable by the Parent, including with respect to exclusivity. Upon (A) Parent’s consent (with respect to New Licensed Products addressed in
Section 2.1(b)(ii) or Section 2.1(b)(iii)) or (B) confirmation of Parent’s ability to extend the license in Section 2.1(a)(i) or
Section 2.1(a)(ii) (with respect to New Licensed Products addressed in Section 2.1(b)(i)), as applicable, to cover a New Licensed Product in accordance with the terms of this
Section 2.1(b), such extension, and any relevant terms and conditions related thereto, shall be documented in writing by the Parties and attached hereto as an Attachment, at which time such New Licensed Product shall be
deemed an Exclusively Licensed Product or Non-Exclusively Licensed Product, as applicable, as defined and used hereunder. The Parties will meet twice per Contract Year (or at a different frequency, as mutually
agreed upon between the Parties) to discuss any such requests for New Licensed Products, as well as to review Licensee’s and its Permitted Sublicensees’ product pipeline, acquisition and divestiture activities, joint ventures and similar
developments. 
 2.2 Trade Name. 
 (a)
In accordance with the terms, and subject to the conditions, set forth in this Agreement, Parent hereby grants Licensee a limited, personal, fee-bearing, non-exclusive, non-transferable, non-assignable (except as permitted in accordance with Section 10.1), non-sublicensable
(except as permitted in accordance with Section 2.4), license during the Term and any Grace Period to use the trade name “GE HealthCare,” solely in connection with (i) the SpinCo Business (excluding any
Former SpinCo Business) as conducted as of immediately prior to the Distribution Date and any natural evolutions thereof and (ii) Licensed Products. 

(b) Subject to Section 7.2(a)(vii), Licensee may request that the license granted under
Section 2.2(a) be extended to include a trade name that is or contains a GE Mark but is not “GE HealthCare.” Any such request by Licensee shall be submitted in writing to Parent and shall be subject to
Parent’s prior written approval, in its sole discretion; provided, however, that in no event shall Parent’s failure to respond or render a decision be deemed to constitute an approval. 

  
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 2.3 Legal Entity Names. 

(a) In accordance with the terms, and subject to the conditions, set forth in this Agreement, Parent hereby grants Licensee a limited, non-sublicensable (except as permitted in accordance with Section 2.4) right, during the Term and any Grace Period (subject to Section 2.3(d)) to use the GE Marks
as part of legal entity names for the entities listed on Attachment 6 (the “Approved GE Entity Names”). To the extent any member of the SpinCo Group that exists as of immediately prior to the Distribution Date has a legal
entity name that includes any GE Mark but is not an Approved GE Entity Name, Licensee and the members of the SpinCo Group shall adopt New Legal Names for such members of the SpinCo Group in accordance with Section 2.3(b).
For the avoidance of doubt, the rights granted under this Section 2.3(a) shall not confer any right or license to use the GE Marks or the Approved GE Entity Names as a Trademark. 

(b) Promptly after the Distribution Date, but in any event no later than six (6) months after the Distribution Date (or such longer time
period as may be approved by Parent in its reasonable discretion), Licensee and the members of the SpinCo Group shall make all filings with any and all offices, agencies and bodies and take all other actions necessary to adopt New Legal Names for
such members of the SpinCo Group with legal entity names that include any GE Mark but are not Approved GE Entity Names, and upon receipt of confirmation from the appropriate registry that such name changes have been effected, Licensee shall provide
Parent with written proof that such name changes have been effected. In the event that Licensee or any such member of the SpinCo Group is unable to obtain all approvals necessary to adopt a New Legal Name in a jurisdiction, or is otherwise unable
for regulatory reasons or other reasons outside of the SpinCo Group’s control to adopt a New Legal Name in a jurisdiction, such Person shall be allowed to continue its use of the applicable legal entity name for a transition period, to the
extent required for the SpinCo Group to adopt a New Legal Name in a particular jurisdiction, which shall be mutually agreed-upon by the Parties, provided, however, that such Person has demonstrated reasonable efforts to adopt a New
Legal Name. 
 (c) Licensee may request that the right granted under Section 2.3(a) be extended to legal entity
names that did not exist at the time of the Distribution Date for Licensee or a Permitted Sublicensee, provided, that such legal entity names must include “GE HealthCare” or “GEHC.” Any such request by Licensee shall be
submitted in writing to Parent and shall be subject to Parent’s prior written approval, not to be unreasonably withheld or denied; provided, however, that in no event shall Parent’s failure to respond or render a decision be
deemed to constitute an approval. Notwithstanding the foregoing, to the extent such legal entity name includes “GE HealthCare” or “GEHC” in combination with a jurisdiction (e.g., “GE HealthCare Canada”), the
right granted to Licensee under Section 2.3(a) shall be automatically extended to such legal entity names upon Licensee’s timely written notice to Parent of such legal entity names, without further review or approval
by Parent. 
 (d) Notwithstanding the foregoing, in the event the SpinCo Group adopts a trade name that is not “GE HealthCare,”
the rights granted to Licensee under this Section 2.3 shall immediately terminate, and Licensee and all members of the SpinCo Group shall promptly, but in any event no later than six (6) months after such termination
of rights, make all filings with any and all offices, agencies and bodies and take all other actions necessary to adopt New Legal Names for all such members of the SpinCo Group with legal entity names that include any GE Mark, and upon receipt of
confirmation from the appropriate registry that such name changes have been effected, Licensee shall provide Parent with written proof that such name changes have been effected. In the event that any such Person is unable to obtain all approvals
necessary to adopt a New Legal Name in a jurisdiction, or is otherwise unable for regulatory reasons or other reasons outside of SpinCo Group’s control to adopt a New Legal Name in a jurisdiction, such Person shall be allowed to continue its
use of the applicable legal entity name in such impacted jurisdiction for a transition period mutually agreed-upon by the Parties not to exceed one (1) year, provided, however, that such Person has demonstrated commercially
reasonable efforts to adopt a New Legal Name. 

  
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 2.4 Sublicensing. In accordance with all terms, and subject to all conditions, set forth in this
Agreement, as of the Distribution Date, Licensee shall have the right to grant to any Permitted Sublicensee a non-transferable sublicense (without the right to grant further sublicenses) under the rights and
licenses granted to Licensee in this Article 2; provided, however, that in no event shall any such sublicense exceed the scope of the rights and licenses granted to Licensee in this
Article 2. The Parties acknowledge and agree that, as of immediately prior to the Distribution Date, all Subsidiaries of SpinCo (other than Licensee) are using the GE Marks or Approved GE Entity Names (as applicable) in the
conduct of the SpinCo Business (excluding any Former SpinCo Business) and therefore shall be deemed “Permitted Sublicensees” hereunder; provided, however, that if Licensee notifies Parent within thirty (30) days of the
Distribution Date of any Subsidiary that is not so using the GE Marks or Approved GE Entity Names, as applicable, such Subsidiary shall not be deemed a “Permitted Sublicensee” and shall not receive any sublicenses hereunder. Licensee shall
cause each Permitted Sublicensee to fully comply with all terms and conditions set forth in this Agreement as if such Permitted Sublicensee was directly bound thereby, and Licensee shall be liable hereunder for all actions or omissions of any
Permitted Sublicensee, including any breach or other violation by any Permitted Sublicensee of any terms and conditions set forth herein, as if performed (or failed to be performed) by Licensee itself. Notwithstanding the foregoing, in the event any
Permitted Sublicensee ceases to be a Subsidiary of SpinCo, except as and to the extent provided in Section 10.1(c), such Person shall immediately cease to be a “Permitted Sublicensee” and all sublicenses granted
to it under the rights and licenses hereunder shall automatically terminate forthwith. 
 2.5 Reservation of Rights. Any rights not granted to
Licensee in this Agreement are specifically reserved by and for the Parent Group and the rights granted to Licensee in this Agreement are subject to any and all of the rights granted by the Parent Group to third parties prior to the Distribution
Date. Except as expressly provided in this Article 2, if applicable, no licenses or other rights are implied or granted by estoppel or otherwise. Licensee hereby accepts the grant of rights and licenses in
Article 2, and shall cause Permitted Sublicensees to accept the grant of any sublicenses, in each case, in accordance with the terms, and subject to the conditions, set forth in this Agreement. Licensee shall not (and shall
ensure that Permitted Sublicensees do not) manufacture, export, import, package, display, sell, market, advertise, promote, distribute, deliver, perform or provide any products or services other than Licensed Products only in the Licensed Territory
in accordance with the foregoing licenses. Parent Group expressly reserves the right (i) to retain for itself the right to use the GE Marks in all geographical areas for any products or services or other use, and (ii) to grant to any third
parties a license of any scope to use the GE Marks in all geographical areas for any products or services or other use, in each case (i) and (ii), other than with respect to the Exclusively Licensed Products (provided, that, for the
avoidance of doubt, as per Section 2.1(a)(i), in no event shall Parent be restricted from using the GE Marks in connection with the importing, exporting, packaging, displaying, selling, marketing, advertising, promoting,
distributing, delivering, performing or providing any products or services (including, for the avoidance of doubt, any products or services that would otherwise constitute Exclusively Licensed Products) created using or generated by or through the
use of, or that constitute the output of any Additive Technologies). 

  
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	3.	 QUALITY CONTROL 



3.1 Parent’s Quality Control. Parent has the right, but no obligation, to supervise, control and approve the use of the GE Marks by
Licensee, Permitted Sublicensees and Vendors with respect to the nature and quality of the Licensed Products and the materials used to advertise, market and promote the Licensed Products for the purpose of protecting and maintaining the goodwill
associated with the GE Marks and the reputation of the Parent Group. Such supervision, control and approval extends to (i) Licensee’s, Permitted Sublicensees’ and Vendors’ practices and procedures for quality control of Licensed
Products, including all aspects of the design, manufacture, display, sale, promotion, advertising, marketing, distribution, delivery, performance or provision of Licensed Products by Licensee, Permitted Sublicensees and Vendors, and (ii) the
appearance of, quality of, and other manner in which the GE Marks are used in connection with Licensed Products, labeling and packaging for Licensed Products, and such materials; provided, that, in the event of any conflict between this
sentence and Section 3.2 as it relates to the specific procedures set forth in Section 3.2 regarding reporting and providing corrective action plans for product quality, product safety and product
recalls, Section 3.2 shall control. Licensee acknowledges and agrees, on behalf of itself and Permitted Sublicensees and Vendors, that each of the quality control rights of Parent in Article 3,
Article 4 and Article 5 are a material element of this Agreement. 
 3.2 Safety, Quality, Compliance
and Warranty Requirements. 
 (a) All Licensed Products (and the manufacturing thereof) and all materials used to advertise, market and
promote the Licensed Products shall meet all requirements of the Standards of Quality and shall comply with all applicable Laws and industry standards and protocols, including applicable laws and standards described in the Data Privacy Guidelines
(collectively, the “Applicable Standards”). Licensed Products may not be manufactured, exported, imported, packaged, displayed, sold, marketed, advertised, promoted, distributed, delivered, performed or provided until such
Applicable Standards have been met. 
 (b) The Licensed Products shall be merchantable and fit for the purpose for which they are intended
as provided in the express warranty provided with Licensed Products. Licensee may (and may permit Permitted Sublicensees to) disclaim the foregoing representations to its users or its purchasers to the extent permitted by Law, but not to Parent.
Licensee shall (and shall ensure Permitted Sublicensees) use all efforts necessary or reasonable to ensure that the Licensed Products shall be of a quality in terms of design, features, safety, material and workmanship, and suitability for their
intended purposes, that is, in all material respects, equal to or better than (i) the quality of the Licensed Products manufactured, exported, imported, packaged, displayed, sold, marketed, advertised, promoted, distributed, delivered,
performed or provided by SpinCo Group or Parent Group in connection with the SpinCo Business immediately prior to the Distribution Date and (ii) competitive products and services marketed in a comparable category, price range and jurisdiction
in which the Licensed Products compete. 

  
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 (c) Licensee shall (and shall ensure Permitted Sublicensees and their respective Vendors)
integrate into their product and service development processes a new product introduction process (“NPI Process”) prior to the sale or distribution of such Licensed Products, which (i) is reasonably consistent with NPI
processes used by SpinCo Group or Parent Group in connection with the SpinCo Business (excluding any Former SpinCo Business) as of immediately prior to the Distribution Date and (ii) ensures that all Applicable Standards are met. Licensee, on
behalf of itself, Permitted Sublicensees and Vendors, shall provide copies of all materials prepared in the NPI Process for any Licensed Product to Parent upon Parent’s request. 

(d) Licensee shall (and shall ensure Permitted Sublicensees and Vendors) maintain, develop and update from time to time, as needed, a product
safety compliance program, which shall include, at a minimum, a product safety escalation process to permit the timely notification of potential product safety hazards to applicable regulatory authorities when required by applicable Law, or
reasonably deemed necessary by Licensee or the applicable Permitted Sublicensee. The product safety compliance program is intended, in part, to ensure the timely disclosure to applicable Governmental Authorities of potential product safety issues.
To the extent Licensee, any Permitted Sublicensee or any Vendor (i) becomes aware of any highly material product safety or product quality issues or (ii) issues or is required to, or has cause to, issue any highly material product recalls,
in each case, Licensee, on behalf of itself and its Permitted Sublicensees and their respective Vendors, as applicable, shall notify the Parent in accordance with Licensee’s then-current crisis communication plan for alerting key stakeholders.
For purposes of this Section 3.2(d), a “highly material” product safety or product quality issue is one that, in Licensee’s reasonable determination, creates a material and significant risk of reputational
harm to the Parent’s brand or would cause Parent to face a material and credible legal claim as a result of matters such as regulatory enforcement matters (e.g., untitled letters, warning letters, consent decrees), criminal
investigations or actions, congressional or other governmental inquiries, civil litigation claims, and whistleblower cases (in each case, only insofar as they may create a material and significant risk of reputational harm with respect to product
safety or product quality), and a “highly material” product recall would include any recall issued that is considered to be Class 1, as defined by the United States Food and Drug Administration, or the equivalent thereof in other
jurisdictions. Upon reasonable request, Licensee will provide to Parent the full corrective action plan for such highly material product safety or product quality issues or such highly material product recalls, including as reported to the United
States Food and Drug Administration or other Governmental Authorities. If Licensee’s corrective action plan is not implemented or is not effective to resolve the identified issue or concern, Licensee will submit to Parent a revised corrective
action plan. Parent will have the right to submit questions or concerns in writing to Licensee, or to request a meeting with Licensee to discuss such revised corrective action plan, within ten (10) Business Days of Parent’s receipt of
Licensee’s revised corrective action plan and Licensee will reasonably consider such questions or concerns and, as applicable, meet with Parent to discuss the revised corrective action plan, in each case, solely to the extent reasonably
practicable without interfering with Licensee’s, or any Permitted Sublicensee’s or Vendor’s, regulatory compliance obligations. Following the Distribution Date, the Parties shall meet once per Contract Year (or more frequently, at the
reasonable request of Parent) to discuss product safety compliance matters, including product recalls. 

  
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 (e) For each Licensed Product, Licensee will (and will ensure that Permitted Sublicensees
and Vendors) conduct necessary testing to demonstrate compliance with all safety standards included in the Applicable Standards and any certification requirements thereto. The frequency and scope of such testing shall be equal to or better than:
(i) the testing practices of the SpinCo Group or Parent Group for the Licensed Products immediately prior to the Distribution Date and (ii) the testing practices required by applicable Law. 

(f) Licensee will (and will ensure that each Permitted Sublicensee and each of their respective Vendors does) continuously adapt its
production process and product development to minimize the use or creation of hazardous substances. 
 (g) Licensee shall (and shall ensure
that each Permitted Sublicensee does) provide a warranty for each Licensed Product Sold and Licensee or such Permitted Sublicensee shall be solely responsible for performing its obligations under that warranty, whether during the Term or following
the Expiration Date. The Licensed Products shall carry warranty coverage equal to or better than the warranty coverage: (a) offered by the SpinCo Group or Parent Group for like products immediately prior to the Distribution Date,
(b) offered by Licensee or any of its Affiliates for like products, if any, that it sells; and (c) offered by primary competitors on like products and services in a comparable category, price range and jurisdiction. Notwithstanding the
foregoing, the warranty coverage (parts and labor) for the Licensed Products shall in no event be less than one (1) year (or such longer period of time as may be required by applicable Law). 

(h) Licensee shall (and shall ensure that Permitted Sublicensees and Vendors) maintain, develop and update from time to time, as needed, a
data privacy and protection compliance program, which shall: (i) comply with all applicable Laws and the standards described in the Data Privacy Guidelines; (ii) be consistent with programs and policies used by SpinCo Group or Parent Group
in connection with the SpinCo Business immediately prior to the Distribution Date; and (iii) be updated from time to time to reflect evolving industry standards and best practices. Licensee shall (and shall ensure that Permitted Sublicensees)
use the GE Mark(s) only in connection with Licensed Products that are in strict compliance with such data privacy and protection compliance program. Licensee, on behalf of itself and Permitted Sublicensees and their respective Vendors, shall submit
such program to Parent on an annual basis or when changes or modifications to the plan are made. If Licensee fails to implement or cause Permitted Sublicensees or their respective Vendors to implement, Licensee’s data privacy and protection
program within forty-five (45) days of such notice, then Parent shall have the right to terminate this Agreement at any time upon notice to Licensee. Licensee, on behalf of itself, Permitted Sublicensees and Vendors, shall provide Parent with
notice of material data privacy and protection complaints and implement corrective action plans related thereto, in each case, in accordance with the process described in Section 3.2(d). 

3.3 Record-keeping. Licensee shall (and shall ensure Permitted Sublicensees and Vendors) maintain reasonable records and information relating to their
compliance with the Applicable Standards and their activities under this Agreement. Such records and information shall be maintained for a minimum period of ten (10) years after the later of the Expiration Date or the end of the Grace Period
(or such longer period of time as may be required by applicable Law). Such records and information shall include: quality manuals; the restriction of hazardous substances compliance records; lot inspection reports; return rate data by model;
environment, health and safety, quality, ethics, or other reviews required to be conducted under this Agreement that relate in any way to the Licensed Products or components thereof; and the appropriate Governmental Authority listings and other
records and information required by any industry-standard quality and safety guidelines for each Licensed Product. 

  
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 3.4 Information Requests and Samples. 

(a) Upon reasonable request by Parent, Licensee, on behalf of itself, Permitted Sublicensees and Vendors, will promptly provide to Parent
copies of records maintained by itself, Permitted Sublicensees and Vendors under this Agreement, including any quality and safety audits, quality manuals, the restriction of hazardous substances compliance forms, lot inspection reports, return rate
data by model, and the appropriate Governmental Authority listings. 
 (b) During the Term, upon reasonable notice from time to time, Parent
shall have the right to promptly obtain (or otherwise be provided with access to) from Licensee, Permitted Sublicensees and Vendors from time to time and at any time during the Term upon reasonable notice (i) Licensed Products and all
associated labeling or packaging, (ii) samples showing all other uses of the GE Marks, and (iii) other reasonable information as to the nature and quality of the Licensed Products and
advertising, marketing and promotional materials therefor using the GE Marks and the manner in which the GE Marks are used in connection with the Licensed Products or such materials. Such products will be shipped to or otherwise made available for
examination by Parent (or a designee of Parent) at a mutually agreed-upon location and otherwise provided at no charge to the Parent Group, including no handling charges or duties. 

3.5 Inspections and Audits. Licensee shall inspect and perform audits of each facility used by Licensee, Permitted Sublicensees or Vendors in the
manufacture or assembly of Licensed Products using procedure and methods that are (i) equal to or better than industry standards and best practices and (ii) consistent with those used by SpinCo Group or Parent Group in connection with the
SpinCo Business immediately prior to the Distribution Date, in each case, to determine compliance with the Applicable Vendor Standards (as defined below), any applicable Laws and any other requirements of this Agreement. Such inspections and audits
will be performed prior to the commencement of manufacturing of Licensed Products at any facility not used for those purposes for three hundred sixty-five (365) consecutive days and in each Contract Year thereafter. Such inspections and audits
will include the manufacturing site’s business processes, labor practices, wage and work hour compliance, worker living conditions (where worker housing is provided), environmental, health and safety (“EHS”) systems, EHS
performance, and working conditions. Licensee shall, and shall ensure that all Permitted Sublicensees and their respective Vendors, keep formal records of such inspections and audits and provide a copy of any such inspection or audit to Parent upon
Parent’s reasonable request. If, during the course of such inspections and audits, Licensee or a Permitted Sublicensee, as applicable, identifies any “unacceptable” or “zero tolerance” findings, as understood by the rating
system used by SpinCo Group or Parent Group in connection with the SpinCo Business immediately prior to the Distribution Date, Licensee will provide its (or its applicable Permitted Sublicensee’s) findings in writing to Parent promptly (in the
case of “unacceptable” findings) or immediately (in the case of “zero tolerance” findings) and implement corrective action plans in accordance with the process described in Section 3.2(d). Licensee shall
re-inspect or re-audit to confirm the corrective action has been effectively implemented. Notwithstanding the foregoing, if Licensee or any Permitted Sublicensee, as
applicable, identifies any “zero tolerance” findings, any such corrective action plans must be initiated immediately and such findings resolved without delay. Any Vendor, 

  
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Permitted Sublicensee or Licensee factory with an “unacceptable” or “zero tolerance” finding shall not ship or produce Licensed Products or components for Licensed Products
until the issue(s) raised by the finding(s) is/are fully resolved. Any Vendor that fails to address unacceptable factory practices, product safety or product quality related issues or any violation of the terms of this Agreement shall be barred from
producing Licensed Products or components for Licensed Products until such issues are addressed. 
 3.6
Non-conformance. If Parent reasonably believes that any Licensed Product, any component thereof, or any materials used to advertise, market or promote the Licensed Products do not conform to the
Applicable Standards or any other requirement of this Agreement (either during the new product development process or after the Licensed Product has been Sold), Parent may give notice to Licensee that it desires to meet and discuss its findings with
Licensee and have Licensee create (or cause to be created) a corrective action plan. To the extent Licensee’s corrective action plan is not implemented or is not effective to resolve the identified issue or concern, Licensee will submit to
Parent a revised corrective action plan and Parent will have the right to submit questions or concerns in accordance with Section 3.2(d), and the process outlined in Section 3.2(d) shall apply
mutatis mutandis to revised corrective action plans covering non-conforming Licensed Products. If, notwithstanding the implementation and adoption of corrective action plans in accordance with
Section 3.2(d), the applicable Licensed Product continues not to conform to the Applicable Standards or any other requirement of this Agreement, or if Licensee fails to implement such corrective action plans, then, without
prejudice to Parent’s right to terminate the Agreement in accordance with Article 7, Licensee shall (and shall ensure Permitted Sublicensees) promptly cease manufacturing, Selling, advertising, marketing, promoting,
and servicing such non-conforming Licensed Products or advertising, marketing and promotional materials in connection with the GE Marks. Licensee acknowledges, on behalf of itself and Permitted Sublicensees
and Vendors, that any use of the GE Marks during a suspension period in contravention of this Section 3.6 shall be deemed unauthorized and infringing. 

3.7 Recalls. Licensee (or a Permitted Sublicensee) shall bear any and all costs related to, and shall be solely responsible for, any product recall of
Licensed Products, whether voluntary or required by a Governmental Authority hereunder. Licensee hereby agrees, on behalf of itself and Permitted Sublicensees, that adequate identification stamping will be placed on finished Licensed Products to
best facilitate any product recall that may be declared. 
 3.8 Vendor Compliance. 

(a) Licensee, on behalf of itself and Permitted Sublicensees, shall provide to Parent once per Contract Year a report which includes:
(i) a true and complete list of each facility used by Licensee, Permitted Sublicensees or Vendors in the manufacture or assembly of Licensed Products identifying the jurisdiction and product(s) manufactured therein and (ii) the designation
of risk for each such facility, to be prepared in accordance with Parent Group’s Supplier Responsibility Governance (“SRG”) Program and EHS risk allocation standards in existence immediately prior to the Distribution Date
(i.e., “Sanctioned,” “Restricted,” “High Risk” or “Low Risk”) or Licensee’s or Permitted Sublicensees’ SRG and EHS risk allocation standards, provided these standards are consistent with those
used by SpinCo Group or Parent Group in connection with the SpinCo Business immediately prior to the Distribution Date. 

  
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 (b) Licensee shall develop (or cause to be developed) a set of standards and requirements
for any Vendor engaged to manufacture or distribute Licensed Products for or on behalf of Licensee or Permitted Sublicensees, which shall be: (i) consistent with the SRG Program, EHS standards, and the Integrity Guide for Suppliers, Contractors
and Consultants used and enforced by SpinCo Group or Parent Group in connection with the SpinCo Business immediately prior to the Distribution Date and (ii) updated from time to time to reflect evolving industry standards and best practices
(collectively, the “Applicable Vendor Standards”). Any such Appliable Vendor Standards shall be submitted in writing to Parent upon any updates to such standards by Licensee, upon Parent’s reasonable request, or otherwise on an
annual basis. 
 (c) Licensee shall (and shall ensure that Permitted Sublicensees): (i) provide Vendors with the Applicable Vendor Standards
and all applicable requirements hereunder; (ii) require Vendors to expressly agree to comply with the Applicable Vendor Standards and all applicable requirements hereunder; and (iii) ensure that Vendors continually meet or exceed such
standards and requirements. Licensee will (and will ensure that Permitted Sublicensees) take all appropriate actions if any Vendor fails to comply with the foregoing, including causing Vendors to undertake necessary corrective actions or suspending
or terminating such Person’s relationship with them. To the extent any Vendor experiences, in Parent’s, Licensee’s or a Permitted Sublicensee’s reasonable determination, significant or consistent issues with compliance with the
Applicable Standards or any applicable requirements hereunder or is operating in a jurisdiction designated as “Sanctioned,” “Restricted” or “High Risk,” Parent may request that Licensee provide a regular written report
to the Parent (in a form reasonably acceptable to Parent) detailing the compliance issues of such Vendor, the steps taken by Vendor to accomplish any agreed-upon corrective action plan and an assessment of such Vendor’s progress to fulfill such
corrective action plan. 
 (d) Licensee will (and will ensure that Permitted Sublicensees) procure and maintain on file its legally required
certifications and those from all Vendors (for all their respective manufacturing sites) attesting to their compliance with the Applicable Vendor Standards. Licensee hereby agrees, on behalf of itself and Permitted Sublicensees, that no Vendor shall
produce any Licensed Products, or any components used in Licensed Products, in any facility in any country that is subject to sanctions by any Governmental Authority or any Law, absent Parent approval. With respect to any country that was subject to
sanctions and subsequently has all such sanctions removed, Parent shall determine, in its reasonable discretion, whether Licensed Products may be produced in such country. 

3.9 Parent Review/Approvals; Regulatory Compliance. Notwithstanding anything to the contrary herein, in no event will Parent be liable or responsible
for, or bear any obligation or liability with respect to, Licensee’s, its Permitted Sublicensees’ or their respective Vendors’ compliance with regulatory requirements or applicable Laws, including with respect to corrective actions or
responses to any product safety issues, product quality issues or product recalls, it being understood and agreed that compliance with regulatory requirements and all applicable Laws with respect to any Licensed Products shall be the sole
responsibility of Licensee, its Permitted Sublicensees and their respective Vendors, as applicable. Where Parent reviews, comments on or approves any activity, document or product under this Agreement, or makes any judgment or determination with
respect to the Licensed Products (including with respect to the quality or safety thereof), it does so for its benefit only and without limiting any obligation or responsibility of Licensee, its Permitted Sublicensees or their respective Vendors
with respect thereto. Without 

  
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limiting the provisions of Section 10.6, no third-party beneficiary rights to consumers, users, purchasers or others are intended by this
Article 3. No waiver or renunciation of any performance requirement or product liability of Licensee, Permitted Sublicensees and Vendors may be implied by such review, comments or approval. Furthermore, no right granted to
Parent with respect to review, comments or approval in this Article 3 shall impose a duty or obligation on Parent to review or approve or otherwise engage in Licensee’s, or its Permitted Sublicensee’s or
Vendors’, obligations described in this Article 3. 
  

	4.	 MARKETING AND COMMUNICATIONS MEETINGS 



4.1 Marketing and Communications Meetings. Promptly following the Distribution Date, and in any event, no more than three (3) months following the
Distribution Date, and once per Reporting Period thereafter, the Parties will meet to review the status of the marketing, communications and sales strategies for the Licensed Products and discuss any proposals for significant updates or changes to
such strategies, which shall be subject to Parent’s prior approval in accordance with Section 4.2 (such meetings, the “Marketing Meetings” and such strategies, the “Approved Marketing
Strategies”). Until the initial Marketing Meeting, Licensee shall (and shall ensure Permitted Sublicensees) continue to implement marketing, communications and sales strategies for the Licensed Products in a manner consistent with past
practices and policies of the SpinCo Group or Parent Group in connection with the SpinCo Business (excluding any Former SpinCo Business) immediately prior to the Distribution Date. Prior to each Marketing Meeting, Licensee will deliver to Parent an
outline for such Marketing Meeting covering topics in a form substantially similar to the meeting agenda outlined in Attachment 3 (the “Marketing Meeting Outline”). 

4.2 Approval of Marketing Strategies. Parent shall have the right to approve how the GE Marks are proposed to be used and depicted in accordance with
the Approved Marketing Strategies, including with respect to any significant updates or changes to the Approved Marketing Strategies proposed by Licensee at the Marketing Meetings. Parent will endeavor to provide a written response to or submit follow-up questions regarding each proposed significant update or change to the Approved Marketing Strategies within ten (10) Business Days of submission at the applicable Marketing Meeting; provided,
however, that any failure of Parent to respond or render a decision within such ten (10) Business Day period shall not be deemed to be an approval by Parent and Licensee shall continue to follow-up
with Parent until such time as Parent has provided written approval of the applicable submission. If Parent has failed to respond or render a decision within such ten (10) Business Day period, Licensee shall give notice to Parent, and Parent
agrees that, within ten (10) Business Days of Parent’s receipt of such notice, Parent will deliver its response or it will make available one of its employees or representatives to discuss Parent’s response. If Parent provides notice
that such submission is unsatisfactory, contemporaneously with providing notice of disapproval, Parent shall state the reasons for its disapproval and provide guidance on how such proposed significant update or change to the Approved Marketing
Strategies might be approved, and the Parties will make available, as necessary, one or more senior employees or representatives to facilitate such resolution. To the extent Licensee or any Permitted Sublicensee desires to significantly change or
update the Approved Marketing Strategies at any time other than the Marketing Meetings, Licensee may contact the Parent for consideration of such changes or updates, upon reasonable notice. Licensee shall (and shall ensure Permitted Sublicensees)
use all commercially reasonable efforts necessary to implement the Approved Marketing Strategies, and any significant updates or changes thereto, approved by Parent. 

  
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	5.	 OWNERSHIP AND USE OF THE MARK AND RELATED REQUIREMENTS 



5.1 Ownership. 
 (a) Licensee, on behalf
of itself and Permitted Sublicensees, admits the validity, and Parent’s exclusive ownership, of the GE Marks and agree that any and all goodwill, rights or interests that might be acquired by the use of the GE Marks by Licensee or any Permitted
Sublicensee shall inure to the sole benefit of Parent. If Licensee or any Permitted Sublicensee obtains any rights or interests in the GE Marks, Licensee hereby transfers (and agrees to ensure each Permitted Sublicensee hereby transfers), and shall
execute (and agrees to ensure each Permitted Sublicensee executes) upon request by Parent any additional documents or instruments necessary or desirable to transfer, all such rights or interests to Parent and its Affiliates. Licensee admits and
agrees that, as between Parent and Licensee, Licensee has been extended only a mere permissive right to use the GE Marks as provided in this Agreement, which right is not coupled with any ownership interest. 

(b) Parent retains the sole right to protect in its sole discretion the GE Marks, including deciding whether and how to file and prosecute
applications to register the GE Marks, whether to abandon such applications or registrations, and whether to discontinue payment of any maintenance or renewal fees with respect to any such registrations. Parent will own all right, title and interest
in, to and under any and all registrations and applications for registration of the GE Marks, whether filed before or after the Distribution Date. 

(c) Notwithstanding Section 5.1(b), if and to the extent Licensee desires to seek registration for any new
Trademarks that contain or are confusingly similar to the GE Marks or maintain any GE Marks that Parent in its sole discretion has decided to abandon or for which Parent has decided to discontinue payment of any maintenance or renewal fees, Licensee
may seek Parent’s approval to maintain such GE Marks or seek registration for such new Trademarks, which shall be provided in Parent’s sole discretion. To the extent Parent approves Licensee’s request to maintain such GE Marks or seek
registration for such new Trademarks, the costs and expenses for such prosecution, registration or maintenance shall be borne solely by Licensee. 
 5.2
Review and Approval of Materials by Parent. 
 (a) The Parties shall cooperate to establish a mutually agreed-upon brand and
advertising review process to enable Parent to work collaboratively with Licensee in the development and approval of materials under this Agreement and to ensure that all such materials comply with the Usage Guidelines and the terms of this
Agreement. The process will include meetings at least once per Reporting Period and may be combined with Marketing Meetings, and such other meetings at such other times or on such other intervals as the Parties may mutually agree. 

  
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 (b) Licensee may submit any materials to be used by Licensee or any Permitted Sublicensee
bearing the GE Marks (e.g., business cards, letterhead, public relations releases, trade show displays) to Parent for confirmation that such materials are complaint with the Usage Guidelines and the terms of this Agreement. Parent will
endeavor to provide a written response to or submit follow-up questions regarding any materials submitted for review within ten (10) Business Days of its receipt thereof; provided, however,
that any failure of Parent to respond or render a decision within such ten (10) Business Day period shall not be deemed to be an approval by Parent and Licensee shall continue to follow-up with Parent
until such time as Parent has provided written approval of the applicable submission. If Parent has failed to respond or render a decision within such ten (10) Business Day period, Licensee shall give notice to Parent, and Parent agrees that,
within ten (10) Business Days of Parent’s receipt of such notice, Parent will deliver its response or it will make available one of its employees or representatives to discuss Parent’s response. If Parent provides notice that such
submission is unsatisfactory, contemporaneously with providing notice of disapproval, Parent shall state the reasons for its disapproval and provide guidance on how such submission might be approved, and the Parties will make available, as
necessary, one or more senior employees or representatives to facilitate such resolution. 
 (c) Except as provided above or as otherwise
approved by Parent, all materials shall be sent to Parent in the manner provided in Section 10.3. If Parent requests changes to previously approved materials (e.g., due to changes in the Usage Guidelines), Licensee
shall (and shall ensure Permitted Sublicensees) promptly make such changes, provided, that Licensee (and Permitted Sublicensees) shall be allowed to continue to distribute such materials then existing in inventory. 

5.3 Use of GE Marks and Trademark Notations. Licensee shall (and shall ensure Permitted Sublicensees) use the GE Marks on each Licensed Product in the
same manner as the approved pre-production or production samples or in such manner reasonably specified by Parent in writing. All Marketing, advertising, promotional, user manuals, and packaging materials
created after the Distribution Date for Licensed Products shall bear the marking: “GE is a trademark of General Electric Company. Manufactured under trademark license,” or such other reasonable marking as Parent shall direct from time to
time or as otherwise approved by Parent. Licensee shall (and shall ensure Permitted Sublicensees) comply with all applicable Laws pertaining to the GE Marks, including those pertaining to the proper use and designation of GE Marks and pertaining to
the Sale, advertising, marketing and promotion of Licensed Products. In addition, all Licensed Products shall be marked as required by local Law and the Usage Guidelines. Licensee shall (and shall ensure Permitted Sublicensees) begin adding any
additional or revised markings directed by Parent under this Section 5.3 within a reasonable period of time following notice from Parent. Any use of the GE Marks not specifically provided for by the Usage Guidelines
(including any uses not contemplated by the Usage Guidelines, any uses in contravention of the Usage Guidelines and any clarifications of the Usage Guidelines) shall be adopted by Licensee and Permitted Sublicensees only upon prior written approval
by Parent. 
 5.4 Changes to GE Marks. If Parent requests changes (e.g., due to changes in the Usage Guidelines) to previously-approved
materials bearing the GE Marks (e.g., signage, fleet vehicles, packaging, instruction manuals, business cards, letterhead, advertising, display, product insert, promotional materials, or the like), Licensee shall (and shall ensure Permitted
Sublicensees) promptly implement the change as soon as reasonably practicable following the effective date of such change but no later the timeframe mutually agreed upon between the Parties, and Licensee shall be allowed to continue (and to permit
Permitted Sublicensees to continue) to distribute such materials then existing in inventory during such period but not any new materials, unless otherwise approved in writing by Parent. 

  
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 5.5 Compliance Matters With Respect To Marketing Materials. 

(a) Licensee, on behalf of itself and each Permitted Sublicensee, represents, warrants and covenants that it and each Permitted Sublicensee
has, and will have at all relevant times, all rights, title and interest (whether by ownership or through a valid license) necessary to use, display and distribute all advertising, displays, product inserts, packaging, promotional copy, and other
materials associated with the Licensed Products. All new advertising, displays, product inserts, packaging, promotional copy, and other materials associated with the Licensed Products created by Licensee or any Permitted Sublicensee for any
jurisdiction regardless of the media type will: (A) comply in all respects (1) with all Parent requirements that are described or referenced in, or arise out of, this Agreement, and (2) with applicable Laws, including those Laws
regarding Intellectual Property and Trademarks, and unfair competition; (B) not infringe, misappropriate, dilute or otherwise violate the Intellectual Property or Trademarks of any third party; (C) not violate the rights of publicity or
privacy of any third party; or (D) not contain false or misleading representations or claims. 
 (b) Licensee, on behalf of itself and
each Permitted Sublicensees, represents, warrants and covenants that: 
 (i) Licensee and each Permitted Sublicensee has, and
will have at all relevant times, all rights and approvals (whether by ownership or through a valid license) necessary to use any Trademarks that Licensee or such Permitted Sublicensee uses on or in connection with a Licensed Product or any
advertising, displays, product inserts, packaging, promotional copy, or other materials associated with the Licensed Products; 

(ii) prior to the adoption and use of any new Trademark on or in connection with a Licensed Product, Licensee shall (and shall
ensure Permitted Sublicensees) conduct appropriate legal due diligence for clearance to use the Trademark in the applicable jurisdictions, including obtaining a full search and associated legal opinion in accordance with the customary practice in
each jurisdiction and upon Parent’s request, Licensee, on behalf of itself and Permitted Sublicensees, shall provide the search, legal opinion, other clearance materials or a summary thereof to Parent; 

(iii) any new Trademark used on or in connection with a Licensed Product or otherwise used in the SpinCo Business shall be
shared for Parent’s review for compliance with the terms of this Agreement, with Parent at least once per Reporting Period; and 

(iv) any new Trademark used on or in connection with a Licensed Product shall not be or contain, or be confusingly similar to,
any Trademarks owned or used by Parent or its third-party licensees (other than the GE Marks in accordance with Section 5.1(c) of this Agreement). 
  


  
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 5.6 Internet Sales. Licensee may (and may permit Permitted Sublicensees to) display, advertise,
promote, market or sell the Licensed Products on or in connection with the Internet, provided, that Licensee and each Permitted Sublicensee strictly adheres to the terms of this Agreement in connection therewith, including the following: 

(a) Except with respect to the GE Domain Names and as described in Section 5.6(c), the GE Marks shall neither be
used in Licensee’s or any Permitted Sublicensees’ website’s name nor as part (or whole) of the Domain Names relating to Licensee’s or any Permitted Sublicensees’ website or any other website controlled by Licensee or any
Permitted Sublicensee, nor any social media/website username/handle registered by Licensee or any Permitted Sublicensee, unless otherwise approved by Parent in writing. 

(b) Licensee shall (and shall ensure each Permitted Sublicensee does) not knowingly link web pages featuring the GE Marks or the Licensed
Products to any other Parent-owned website(s) in a manner which suggests that Parent is the manufacturer or provider of the Licensed Products, unless Licensee has obtained prior written approval from Parent for use of such link. 

(c) Licensee, on behalf of itself and Permitted Sublicensees, shall obtain prior written approval from Parent for any new Domain Names or
social media/website usernames/handles using the GE Marks; provided, that Licensee may reserve or register any such Domain Name or social media/website username/handle prior to receiving approval from Parent as long as Licensee promptly
relinquishes its control of the same if subsequent approval is not granted. 
 (d) The Parties shall work together in good faith to develop
reasonable processes around coordination of their respective online customer care efforts (including the manner and timing of responses to customers, particularly where one Party receives inquiries or complaints from customers about products of the
other Party). All customer support centers, service centers, and Internet sites shall be established and operated in strict compliance with the Data Privacy Guidelines, shall require Parent approval prior to operation, and Licensee shall pay all
costs and expenses related to the creation and maintenance thereof. 
 (e) Licensee shall (and shall ensure Permitted Sublicensees) conduct
all Internet activities consistent with the equity of the GE Marks and in accordance with all terms, and subject to all conditions, set forth in this Agreement, including the Usage Guidelines. 

5.7 Obligations of Licensee. Licensee shall (and shall ensure that each Permitted Sublicensee does) not: 

(a) Alter the GE Marks in any manner, including proportions, colors or elements, except as permitted in accordance with the Usage Guidelines;
or animate, morph or otherwise distort its perspective or two-dimensional appearance; 
 (b) Use the
GE Marks in any manner, conduct itself or otherwise commit any acts or engage in any conduct that (i) disparages Parent or any of its Affiliates, or any of their respective products or services, (ii) infringes any of Parent’s or its
Affiliates’ Intellectual Property or Trademark rights, or (iii) violates any applicable Law; 
 (c) Sell the Licensed Products in
connection with deeply discounted or liquidation programs, without the prior written approval of Parent; 

  
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 (d) Use, or permit the use of, Trademarks upon Licensed Products or the packaging, labeling,
promotional or advertising materials therefor, except as expressly authorized or approved by Parent in accordance with this Agreement except as expressly authorized or approved by Parent in accordance with this Agreement (as contemplated in
Section 5.5(b)); 
 (e) Include, or permit the inclusion of, any third party’s name or Trademarks in
combination with the name of Parent or the GE Marks in advertising, display, product inserts, packaging, promotional copy, or other associated materials or on the Licensed Products, in each case, in a manner that would suggest co-branding, co-marketing or a similar relationship, except as expressly authorized or approved by Parent in accordance with this Agreement; 

(f) Except as permitted in accordance with Sections 2.2, 2.3 or 7.3(b), use the GE Marks or translations thereof, or
marks confusingly similar thereto, as part of its trade name, corporate name, registered name, fictitious name, assumed name, doing business as name or legal entity name. 

(g) Use the GE Marks, other than as permitted by the rights and licenses granted in Article 2, including with other
products, or in any manner that implies or suggests an association with the Licensed Products or the sponsorship or endorsement of Licensee or any Permitted Sublicensee or their products by Parent; 

(h) Except as permitted in accordance with Attachment 1, use the GE Marks or the
letters “GE” (except as the combination of a consonant and a vowel in a word) as a feature or design element of any other logo, name or Trademark; 

(i) Except with Parent’s prior written consent, register, seek to register, use, or display the GE Marks in such a way as to create the
impression that the GE Marks belong to Licensee or a Permitted Sublicensee; 
 (j) Use the GE Marks or any other Trademarks in a manner that
suggests that the products or services associated with the GE Marks are not the highest tier of offerings, by quality and value, of products or services for Licensee or any of its Affiliates; 

(k) Make unlicensed use, or apply for registration, of a Trademark confusingly similar to the GE Marks; or 

(l) Knowingly infringe third-party Intellectual Property or Trademark rights by the sale of Licensed Products. 

 

	5.8	 Brand Equity. 



(a) Licensee shall conduct (and shall ensure each Permitted Sublicensee conducts) its business in a manner that will reflect positively upon
the GE Marks. 
 (b) Licensee will (and will ensure Permitted Sublicensees) use their commercially reasonable efforts to: (a) position
Licensed Products with consumers and customers in a manner consistent with their relative product positioning in the relevant marketplace as of immediately prior to the Distribution Date; and (b) materially maintain, or enhance, the relative
product positioning in the relevant marketplace as that marketplace may evolve in the future. Licensee will use (and will ensure each Permitted Sublicensee uses) its commercially reasonable efforts to position the Licensed Products with its
customers in a manner consistent with this Section 5.8. 

  
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 (c) Licensee shall participate, at Parent’s request, in an annual meeting with Parent
to discuss the Parties’ shared vision and goals for the GE Marks and brand. 
 5.9 Assistance in Protecting the GE Marks. Licensee shall (and
shall ensure Permitted Sublicensees) assist Parent and promptly supply all information Parent may reasonably request in procuring or renewing registrations, registration of licenses required by Law (including local Law), entry of Licensee as a
registered or authorized user of the GE Marks, and other actions for the maintenance, enforcement and protection of the GE Marks and protecting Parent’s and its Affiliates’ rights therein (including information concerning sales and other
dispositions of products and services that are required in connection with the foregoing). Licensee hereby agrees to (and to ensure Permitted Sublicensees) fully cooperate with Parent in the requested filings and the prosecution of Trademarks that
Parent may desire to file, and in the conduct of litigation relating to the GE Marks. Licensee shall, on behalf of itself and Permitted Sublicensees, supply to Parent such samples, containers, labels, sales information, sample invoices and similar
material and, upon Parent’s request and shall procure evidence, give testimony, and cooperate with Parent as may reasonably be required in connection with such application or litigation. 

5.10 Foreign Registration of the GE Marks. At Licensee’s request, Parent agrees to use commercially reasonable efforts, in its reasonable
judgment, to obtain Trademark registrations for the GE Marks in countries or jurisdictions in which Parent determines a commercially viable market for Licensed Products exists or can be developed. To the extent any applications for such
registrations face opposition or any other appeals are necessary to achieve registrations, the Parties shall confer on the viability of such applications. To the extent Licensee desires to proceed with such applications, but Parent does not, any
costs associated or related to such registrations shall be borne by Licensee. Notwithstanding anything to the contrary in Article 2, neither Licensee nor any Permitted Sublicensee may use the GE Marks, and no particular
Licensed Product may be manufactured, exported, imported, packaged, displayed, sold, marketed, advertised, promoted, distributed, delivered, performed or provided (i) in any jurisdiction where the GE Marks have not been registered in the
relevant trademark class(es) for Licensed Products, until an appropriate trademark search has been conducted and an application to register the particular GE Mark in the relevant trademark class(es) for Licensed Products has been filed in such
jurisdiction, or Parent determines in good faith on the advice of its trademark counsel that (a) it would be preferable not to seek to register such GE Mark in such jurisdiction but that there is no material impediment to the use of such GE
Mark therein or (b) use of such GE Mark without registration is not likely to adversely affect Parent’s and its Affiliates’ rights in, to or under such GE Mark in such jurisdiction, and (ii) in a jurisdiction where entry of
Licensee or a Permitted Sublicensee as registered or authorized users is required by Law, prior to the execution of an appropriate registered user agreement or similar agreement and the filing thereof with the appropriate Governmental Authority. In
the event that Licensee or a Permitted Sublicensee desires to manufacture, export, import, package, display, sell, market, advertise, promote, distribute, deliver, perform or provide any Licensed Product under a GE Mark in any jurisdiction where
such GE Mark has not been registered in the relevant trademark class(es), Licensee shall provide prior written notice thereof to Parent and Licensee shall pay all reasonable, preapproved, documented costs for the trademark


  
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search and for any application to register such GE Mark in such jurisdiction. Not in limitation of the foregoing or Parent’s and its Affiliates’ rights hereunder (including in
accordance with Articles 7, 8 and 9), in the event that Parent determines that Licensee or a Permitted Sublicensee is using the GE Marks in a jurisdiction where such GE Marks are not registered in the appropriate trademark
class(es) for Licensed Products, Parent in its sole discretion shall have the option to require such registration at Licensee’s expense. Parent will own all right, title and interest in, to and under any and all registrations and applications
for registration of the GE Marks, whether filed before or after the Distribution Date. 
 5.11 Notice of Third-Party Infringements by Licensed
Products. Licensee, on behalf of itself and Permitted Sublicensees, shall promptly notify Parent of all claims by third parties made against or to Licensee or any Permitted Sublicensee involving alleged infringement by the Licensed Products of
such third parties’ Intellectual Property or Trademark rights of which it becomes aware. 
 5.12 Third Party Infringements of GE Marks. 

(a) Licensee, on behalf of itself and each Permitted Sublicensee, shall promptly notify Parent in writing of all (i) counterfeit goods,
parallel imports or gray good issues relating to products or services in the same or similar categories as the Licensed Products using the GE Marks or marks or designs confusingly similar to the GE Marks or (ii) disputes or issues relating to
or otherwise implicating the GE Marks with distributors, Vendors, Permitted Sublicensees or other Persons, in each case, as they relate to the Licensed Products, of which it becomes aware. With respect to any such claims or allegations, upon
Parent’s prior written approval, to be provided in Parent’s sole discretion, Licensee shall have the right to make demands or claims, institute suit, give notices, or take action on account of such disputes, issues or infringements;
provided, however, that Parent shall be permitted to participate and provide input with respect to such matters, and Licensee must obtain prior written approval from Parent, to be provided in Parent’s sole discretion, prior to
settling or otherwise resolving any such matters. Licensee shall be solely responsible for all reasonable expenses, legal fees, and costs incurred in connection with such matters and Licensee shall be entitled to all sums recovered from others as a
result of such matters. If Licensee decides not to take action against an infringer or violator with respect to such matters, Parent may pursue such enforcement on its own at its sole cost and expense, in which case, Parent will be entitled to all
sums recovered from others as a result of such matters. Licensee hereby agrees to (and to ensure Permitted Sublicensees) reasonably cooperate in such matters, including providing relevant records and documentation, making employees available, or
providing other evidence or support as requested by Parent. 
 (b) Licensee, on behalf of itself and each Permitted Sublicensee, shall
promptly notify Parent in writing of all (i) counterfeit goods, parallel imports or gray good issues relating to products or services using the GE Marks or marks or designs confusingly similar to the GE Marks as they relate to products or
services that are not in the same or similar categories as the Licensed Products, (ii) third-party infringements of, or unlicensed use of, marks or designs confusingly similar to the GE Marks, (iii) ordinary course enforcement actions
(e.g., oppositions, cancellations, cease and desist letters, domain name issues) concerning the GE Marks or any Marks confusingly similar thereto, or (iv) other enforcement actions or infringement issues concerning the GE Marks of which
it or any Permitted Sublicensee becomes aware. With respect to any such claims or 

  
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allegations, Parent shall have the right to make demands or claims, institute suit, give notices, effect settlements, or take action on account of such disputes, issues or infringements and to
determine whether or not action shall be taken due to or against such disputes, issues or infringements or to otherwise terminate such disputes, issues or infringements; provided, however, that Licensee hereby agrees to (and to ensure
Permitted Sublicensees) reasonably cooperate in such matters (including providing relevant records and documentation, making employees available, or providing other evidence or support as requested by Parent) and shall be permitted to participate
and provide input with respect to such matters to the extent such matters impact the SpinCo Business. Parent shall be solely responsible for all reasonable expenses, legal fees, and costs incurred by Parent in connection with such matters and Parent
will be entitled to all sums recovered from others as a result of such matters. If Parent decides not to take action against an infringer or violator with respect to such matters, Licensee may, upon Parent’s prior written approval, to be
provided in Parent’s sole discretion, pursue such enforcement on its own at its sole cost and expense, in which case, Licensee will be entitled to all sums recovered from others as a result of such matters. Parent shall be permitted to
participate and provide input in such matters, and Licensee must obtain prior written approval from Parent, to be provided in Parent’s sole discretion, prior to settling or otherwise resolving any such matters. 

5.13 Implementation. To the extent not previously implemented in the conduct of the SpinCo Business immediately prior to the Distribution Date,
requirements with respect to use of the GE Marks contained in the Usage Guidelines or other provisions of this Agreement shall be fully implemented by Licensee and each Permitted Sublicensee as soon as reasonably practicable following the
Distribution Date. 
 5.14 Modification Due to Third-Party Claims. The Parties understand that Parent, its Affiliates, and their respective
authorized dealers use the GE Marks to advance and promote Parent equipment and other product and service sales, and that Parent has a paramount obligation to preserve its ability to so use such GE Marks. Should Parent’s trademark counsel
render a legal opinion that concludes that use of the GE Marks becomes threatened as a result of a claim by a third party or any applicable Law, then Licensee shall (and shall ensure each Permitted Sublicensee does) use commercially reasonable
efforts (taking into consideration among other things any adverse impact or consequences that might arise from Licensee’s and Permitted Sublicensees’ continued use of the GE Marks) to cease use of the GE Marks upon notice from Parent to
Licensee. Licensee shall (and shall ensure Permitted Sublicensees) comply fully and promptly with all guidelines provided to Licensee from time to time by Parent for the purpose of distinguishing Parent’s Trademarks and preventing confusion
between itself and another entity. In addition, in the event of any such opinion, Parent’s and Licensee’s respective trademark counsel shall negotiate in good faith an amendment to this Agreement that modifies this Agreement only to the
extent reasonably necessary to address the legal issue arising out of such third-party claim or Law. In the event that, as a result of such amendment, Licensee or any Permitted Sublicensee has Licensed Products that it cannot sell, Licensee or the
applicable Permitted Sublicensee shall be permitted to remove the GE Marks and all other Parent-identifying information (subject to applicable Law) and dispose of such inventory in a commercially reasonable manner. 

  
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 5.15 Territorial Restrictions. Licensee hereby agrees not to exercise any rights granted to it under
this Agreement (and agrees to ensure that Permitted Sublicensees do not exercise any sublicense granted to it as permitted under this Agreement) with respect to countries, territories or jurisdictions falling into any of the following categories at
any given time: (a) under applicable Law, Licensee or its Affiliates are not permitted to conduct business in such country, territory or jurisdiction, (b) under applicable Law, Parent is not permitted to conduct business in such country,
territory or jurisdiction, and (c) to the extent that Parent makes a policy determination that it and its Affiliates shall cease doing business in a country, territory or jurisdiction; provided, that in the case of this clause (c), (x)
Parent makes a policy determination with respect to the activities of its business units and Affiliates as a whole and not in a manner intended to discriminate against or disproportionately burden Licensee and Permitted Sublicensees, and
(y) Parent shall provide Licensee with reasonable notice to enable Licensee and each Permitted Sublicensee to transition its cessation of the manufacture, import, marketing, sale or provision of Licensed Products in such countries, territories
or jurisdictions, but at a minimum the same amount of time as Parent has provided to its own business units and Affiliates for such a transition in those countries, territories or jurisdictions. Notwithstanding the foregoing, Licensee, on behalf of
itself or any Permitted Sublicensee, may request that Parent grant approval for certain exception(s) to the countries, territories or jurisdictions excluded above, solely for the purpose of providing humanitarian aid and related services and
products to such countries, such approval not to be unreasonably withheld or denied by Parent. 
 5.16 Cyber Security Concerns and Product Security
Vulnerabilities. Licensee shall (and shall ensure Permitted Sublicensees) implement and maintain a vulnerability management program (in each case, consistent with best industry practices in effect as of the applicable time) for any publicly
accessible website or web portal bearing any GE Mark or any Licensed Product. Any vulnerabilities identified by Licensee or any Permitted Sublicensee through its applicable program, by a third party, or by Parent shall be remediated in accordance
with best industry practices at the time such vulnerability is identified. Any material vulnerabilities or related concerns identified by Licensee or any Permitted Sublicensee through its applicable program, or by a third party, shall be reported to
Parent in accordance with Section 3.2. Licensee (or a Permitted Sublicensee) shall bear any and all costs for all such remediation. Parent reserves the right to conduct an audit, upon thirty (30) days’ advance
notice to Licensee to ensure compliance with this Section 5.16. 
  

	6.	 FEES, ROYALTIES, REPORTS, RECORDS 



6.1 Annual Assessment. During the Term and any Grace Period, Licensee shall pay to Parent an annual assessment of [***] (the “Annual
Fee”). Such payments will be made in quarterly installments of [***] no later than the twenty-fifth (25th) day following the end of each Reporting Period and the end of the Grace
Period (in each case, pro-rated, as applicable, to the extent the final Reporting Period or the Grace Period ends prior to the end of the applicable calendar quarter). 

6.2 Royalties on New Licensed Products. During the Term and any Grace Period, Licensee shall pay to Parent Earned Royalties equal to the
applicable rate(s) negotiated between the Parties in good faith, in accordance with Section 2.1(b), of Net Sales of all New Licensed Products Sold during a Reporting Period. Such payments will be made no later than the
twenty-fifth (25th) day following the end of each Reporting Period and the end of the Grace Period. For the avoidance of doubt, such Earned Royalties shall be payable to Parent in addition
to, and not in replace of, the Annual Fee. 

  
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 6.3 Taxes. 

(a) Licensee shall bear any and all Taxes or other charges of any kind imposed by any Governmental Authority (and any related interest and
penalties) on or in respect of, or payable by Licensee with respect to, any amount payable by Licensee in accordance with this Agreement. 

(b) If any withholding or deduction from any payment under this Agreement by Licensee is required in respect of any Taxes or other charges of
any kind imposed by any Governmental Authority in accordance with any applicable Law, Licensee will: (i) gross up the amount payable such that the Parent receives an amount equal to the amount that Parent would be entitled to receive under this
Agreement absent any withholding or deduction in respect of such payment, (ii) deduct such Tax or charge from the amount payable to Parent; (iii) timely pay such Tax or charge to the relevant Governmental Authority; and (iv) promptly
provide Parent with original receipts or other documentation satisfactory to Parent in respect thereof evidencing such payments to the relevant Governmental Authority. The Parties agree to reasonably work together to minimize Taxes and to provide
each other with all reasonably necessary original receipts. 
 6.4 Currency and Exchange Rates. All amounts due under this Agreement shall be
denominated, reported, and paid in United States dollars. Where a country or jurisdiction restricts repatriation of United States dollars, fees and royalties will continue to accrue until paid. The royalty on Net Sales in currencies other than
United States dollars shall be calculated using the appropriate foreign exchange rate for such currency published in the Wall Street Journal (or such other reasonable source as may be mutually agreed by the Parties if the Wall Street Journal no
longer exists, no longer publishes such rate, or is no longer a leading source for such information) on the first (1st) banking day following each corresponding Reporting Period. 

6.5 Quarterly Financial Reports. By the twenty-fifth (25th) day following the end of each Reporting Period during the Term and the end of any Grace
Period, Licensee shall send to Parent a single, electronic, full and accurate report (“Financial Report”), certified by the Chief Financial Officer of Licensee or his or her designee, detailing, among other items, Net Sales of each
of the New Licensed Products Sold by or on behalf of Licensee and all Affiliates of Licensee during the Reporting Period, including the breakdown of sales by country. The Financial Report shall constitute a completed royalty report form, including a
breakdown of sales by country, New Licensed Product and Licensee/Affiliate, provided or approved by Parent from time to time. Such Financial Report shall be rendered at the times specified, whether or not Licensee or any Affiliate has Sold any New
Licensed Product during the Reporting Period or whether any Earned Royalty is due under the terms of Section 6.2. At the time of sending each Financial Report hereunder, Licensee shall calculate the Earned Royalty for the
Reporting Period, if any, and remit to Parent in full such Earned Royalty. 
 6.6 Payment Method. All payments shall be made by wire transfer to
Parent as specified below or in the manner otherwise specified by Parent in writing. 
 Wire Transfer Information 

Account Title:        [•] 

Bank Name:           [•] 

Account Number:  [•] 

Treasury Code:      [•] 

Swift Code:            [•] 

ABA#:                   [•] 

  
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 6.7 Late Payment Charge. Except with respect to any portion of Earned Royalties that is reasonably in
dispute, a late payment charge of one percent (1%) per month (i.e., twelve percent (12%) per annum) over the prime rate (as published in the Wall Street Journal on the fifteenth
(15th) day of the month when such funds were due) shall be payable to Parent on the amount of all payments (including the Annual Fee, all Earned Royalties and any payments due as a result
of a dispute or indemnity obligation) not made when due, from the payment due date until the date payment is received by Parent; provided, that in no circumstances shall the late payment fee required hereunder exceed the highest charge
allowed by applicable Law. All payments shall be made by wire transfer to Parent as specified above or in the manner otherwise specified by Parent in writing. 

6.8 Report and Record Retention. During the Term and for at least five (5) years following the later of the Expiration Date and the end of any
Grace Period, Licensee shall maintain the Financial Reports, the reports required in Section 3.3, and related books (collectively, “Books and Records”) at a single point for review (where commercially
practical) as are necessary to substantiate that: 
 (a) all reports submitted to Parent hereunder are true, complete, and accurate; and

 (b) all Earned Royalties, the Annual Fee and other payments due Parent hereunder shall have been paid to Parent in accordance with the
provisions of this Agreement; and 
 (c) no material payments have been made, directly or indirectly, by or on behalf of Licensee to or for
the benefit of any Parent employee or agent who may reasonably be expected to influence Parent’s decision to enter into this Agreement or the amount to be paid by Licensee under this Agreement. As used in this
sub-Section, “payment” shall include money, property, services, and all other forms of consideration. 

6.9 Accounting Principles. United States Generally Accepted Accounting Principles (“GAAP”) or International Financial Reporting
Standards (“IFRS”) shall be applied consistently to all transactions under this Agreement as applicable, for calculation of Gross Revenue and Earned Royalties and all Books and Records shall be maintained in accordance with GAAP or
IFRS, consistently applied as applicable, and with all applicable Laws. 
 6.10 Inspection Rights. Not in limitation of any other rights hereunder,
during the Term and for at least five (5) years following the later of the Expiration Date and the end of any Grace Period, Parent, and its duly authorized representatives (including certified public accountants or Tax advisors) who are bound
by an appropriate confidentiality agreement with Licensee, shall have the right, upon five (5) Business Days’ prior notice, to inspect and audit, and copy any of Licensee’s and its Affiliates’ Books and Records and any other
records related to the New Licensed Products, including records relating to production, inventory, sales, invoices, general ledger and sub-ledgers, accounts receivable, accounts payable, production, shipping,
inventory, purchase of production materials, management reports, warranties, and returns, at all times during regular business hours for the purpose of determining the correctness of the Financial Reports and Earned Royalty payments due under and
compliance with the other terms and conditions of this Agreement. 

  
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 6.11 Deficiencies Revealed by Audit. If the inspection or audit reveals a deficiency of Earned
Royalties due or paid by Licensee to Parent, Licensee shall, within thirty (30) Business Days of receipt of notice to cure the deficiency, make payment to Parent of said deficiency, including the fee and interest terms as provided in
Article 6 as permitted by applicable Law. In addition, if the audit reveals a deficiency of more than five percent (5%) of the Earned Royalties due in any audited period, Licensee shall reimburse Parent for the reasonable
audit costs and reasonable attorneys’ fees and expenses and costs of collection. 
  

	7.	 TERM, RENEWAL AND TERMINATION 



7.1 Term. Unless terminated or extended as herein provided, this Agreement shall commence immediately upon the Distribution Date and shall expire as of
11:59 P.M. Eastern Time ten (10) years thereafter (“Initial Term”). This Agreement shall automatically renew for additional ten (10) year periods (each, a “Renewal Term”), provided, that:
(a) none of Licensee or any Permitted Sublicensee is in material breach of this Agreement at the expiration of the Initial Term or the then-current Renewal Term, as applicable, and (b) Licensee (on behalf of itself and each Permitted
Sublicensee) provides reasonable written assurance of its ability to continue to perform its obligations under this Agreement and to maintain the operation of the SpinCo Business (in each case for such Renewal Term). The “Term” of
this Agreement shall be the Initial Term and any Renewal Term. All terms of this Agreement shall remain in full force and effect throughout any Renewal Term and any Grace Period. 

7.2 Termination of the Agreement. 
 (a)
Parent shall have the right, without prejudice to any other rights it may have, to terminate this Agreement in whole or, in Parent’s sole discretion, in part in the event of any of the following events: 

(i) a Change of Control of Licensee, SpinCo or any other member of the SpinCo Group that is not a Subsidiary of Licensee
without notice to and prior written consent of Parent, with respect to Licensee or such Permitted Sublicensee; any Change of Control Notice; any assignment by Licensee in violation of Section 10.1; or any attempt of any
Permitted Sublicensee to transfer or otherwise assign any sublicense granted under this Agreement; 
 (ii) a Bankruptcy Event
with respect to Licensee or any of its Permitted Sublicensees; 
 (iii) any material breach or violation by Licensee or a
Permitted Sublicensee of the terms or conditions of the Agreement, which Licensee (or such Permitted Sublicensee, as the case may be) fails to cure within ten (10) Business Days after notice to Licensee by Parent (or such longer period as
Parent may approve in writing, in Parent’s sole discretion, in accordance with a written corrective action plan delivered by Licensee to Parent during such initial ten (10) Business Days after such notice to Licensee); provided,
that in the event Licensee or a Permitted Sublicensee breaches or violates any such provisions of the Agreement on three (3) or more occasions in any consecutive twelve (12) month period, such breaches or violations taken together shall
constitute a material breach or violation; 

  
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 (iv) any failure by Licensee or any Permitted Sublicensee to use any of the
GE Marks in commerce for three (3) consecutive years in any jurisdiction of the Licensed Territory, with respect to such jurisdiction of the Licensed Territory (where “use” of such GE Mark means the bona fide use of such Trademark
made in the ordinary course of trade, and not token use, nominal use, or use made merely to reserve a right in a Trademark); 

(v) a public announcement by Licensee or a Permitted Sublicensee of its desire to exit any jurisdiction of the Licensed
Territory, in which instance, such termination shall be limited to Licensee or the applicable Permitted Sublicensee for such jurisdiction of the Licensed Territory; 

(vi) Parent demonstrates an actual material adverse impact (or the reasonable likelihood of a material adverse impact to occur)
to the goodwill associated with the GE Marks or the reputation of the Parent Group, in each case, as a result of the rights granted to Licensee hereunder or the exercise of any such rights by Licensee or any Permitted Sublicensee; or 

(vii) Licensee or any Permitted Sublicensee adopts a trade name that is not “GE HealthCare” (whether or not such new
trade name contains a GE Mark) that was not approved by Parent prior to such adoption. 
 (b) In the event that Parent provides notice of
any material breach or violation described in Section 7.2(a)(iii) on three (3) or more occasions in any consecutive twelve (12) month period (whether or not such material breaches or violations have been cured,
and whether or not such material breaches or violations arise from the same or different events or circumstances), Parent shall have the right, without prejudice to other rights it may have, to terminate this Agreement, in whole or in part,
immediately upon written notice to Licensee. 
 (c) Licensee shall notify Parent in writing within five (5) Business Days following the
first announcement of a transaction in respect of a potential Change of Control of Licensee or any Permitted Sublicensee (the “Initial Notice”). Licensee shall further notify Parent in writing not later than two (2) Business
Days prior to the anticipated effective date of a Change of Control (such notice collectively with the Initial Notice, the “Change of Control Notice”). 

(d) Licensee shall have the right to terminate this Agreement, in whole but not in part, at any time upon three (3) months’ prior
notice to Parent. 

  
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 7.3 Obligations on Expiration and Termination; Survival. 

(a) Upon expiration or full or partial termination of this Agreement: 

(i) all money owed and required to be paid under this Agreement or the terminated portion thereof (as applicable) during the
Term through and including the effective date of such expiration or termination shall become immediately due and payable (and, for the avoidance of doubt, any partial termination shall not reduce the Annual Fee); 

(ii) except as provided in Section 7.3(c), Licensee and each Permitted Sublicensee (or, in the event
of a partial termination, the applicable Permitted Sublicensees) shall immediately discontinue the manufacture, sale, distribution or delivery of all Licensed Products and the use of the GE Marks hereunder in the Licensed Territory; 

(iii) the licenses herein granted shall terminate in their entirety (or, in the event of a partial termination, the applicable
Permitted Sublicensees) and, except as specifically provided for in Section 7.3(b) or 7.3(c), Licensee shall, and shall cause each applicable Permitted Sublicensee and their respective receivers, representatives,
trustees, agents, administrators, successors, or permitted assigns to, immediately cease all use of the GE Marks; 
 (iv)
with respect to the expiration or full termination of the Agreement, all right, title and interest in, to and under all GE Domain Names, and any other Domain Names using the GE Marks owned by Licensee or a Permitted Sublicensee, shall immediately
revert to Parent (or, at Parent’s request, be cancelled by Licensee or the applicable Permitted Sublicensee), and Licensee shall, and shall cause each Permitted Sublicensee, as applicable, to, immediately cease from any further use of such
Domain Names, Licensee hereby assigns (and will ensure each Permitted Sublicensee hereby assigns) to Parent, effective as of the effective date of such expiration or termination, all such right, title and interest in, to and under such Domain Names,
and Licensee hereby agrees to, and agrees to ensure Permitted Sublicensees, perform, execute, acknowledge, and deliver or cause to be performed, executed, acknowledged, and delivered all such further and other acts, instruments, and assurances as
may reasonably be required to carry out such assignment promptly upon termination; 
 (v) with respect to partial termination
of the Agreement in jurisdiction(s) of the Licensed Territory or Licensed Product(s) in accordance with Section 7.2(a)(iv) or 7.2(a)(v), as applicable, all right, title and interest in, to and under the GE Domain
Names that relate to such terminated jurisdiction(s) or Licensed Product(s), as applicable, and any other Domain Names using the GE Marks owned by Licensee or any Permitted Sublicensee that relate to such terminated jurisdiction(s) or Licensed
Product(s), as applicable, shall immediately revert to Parent (or, at Parent’s request, be cancelled by Licensee or the applicable Permitted Sublicensee), and Licensee shall, and shall cause each Permitted Sublicensee, as applicable, to,
immediately cease from any further use of such Domain Names, Licensee hereby assigns (and will ensure each Permitted Sublicensee hereby assigns) to Parent, effective as of the effective date of such termination, all such right, title and interest
in, to and under such Domain Names, and Licensee hereby agrees to, and agrees to ensure Permitted Sublicensees, perform, execute, acknowledge, and deliver or cause to be performed, executed, acknowledged, and delivered all such further and other
acts, instruments, and assurances as may reasonably be required to carry out such assignment promptly upon termination; and 

  
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 (vi) Parent shall have the option to repurchase Licensee’s and the
Permitted Sublicensees’ (or, in the event of a partial termination, the applicable Permitted Sublicensees) remaining inventory of Licensed Products or components for incorporation into Licensed Products, at Licensee’s or the applicable
Permitted Sublicensees’ (or, in the event of a partial termination, the applicable Permitted Sublicensees) cost as evidenced by invoices or other documentation (with it being understood that no royalty would be owed on such inventory of New
Licensed Products repurchased by Parent). 
 (b) Notwithstanding the foregoing, promptly after expiration or termination of this Agreement
(or if there is a Grace Period, promptly after expiration or termination of the Grace Period), but in any event no later than ten (10) Business Days after such expiration or termination, Licensee shall (and shall ensure all of its Affiliates)
make all filings with any and all offices, agencies and bodies and take all other actions necessary to adopt New Legal Names. Upon receipt of confirmation from the appropriate registry that such name changes have been effected, Licensee, on behalf
of itself and its Affiliates, shall provide Parent with written proof that such name changes have been effected. Licensee shall (and shall ensure all of its Affiliates) use commercially reasonable efforts to adopt New Legal Names as soon as
practicable following the expiration or full or partial termination of this Agreement. In the event that any such Person is unable to obtain regulatory approval necessary to adopt a New Legal Name in a jurisdiction, or is otherwise unable for
regulatory reasons to adopt a New Legal Name in a jurisdiction, Licensee or such Affiliate, as applicable, shall be allowed to continue its use of the applicable corporate name for a transition period mutually agreed-upon by the Parties not to
exceed one (1) year, provided, however, that such Person has demonstrated commercially reasonable efforts to adopt a New Legal Name. 

(c) Upon expiration of this Agreement, Licensee’s termination for convenience of this Agreement in accordance with
Section 7.2(d) or Parent’s termination of this Agreement in accordance with Sections 7.2(a)(iii)-(vii) or 7.2(b), Licensee may make a written request to Parent to allow Licensee and Permitted Sublicensees
to continue sales of Licensed Products in inventory bearing the GE Marks during a Grace Period in accordance with Section 7.4. Upon any such request by Licensee, the Parties shall meet and confer and any such Grace Period
shall be subject to Parent’s prior written approval, which shall not be unreasonably withheld or denied; provided, that any Grace Period following Parent’s termination of this Agreement in accordance with Sections
7.2(a)(iii)-(vii) or 7.2(b), shall not exceed one (1) year. If a Grace Period is approved, all of Parent’s, Licensee’s, any Permitted Sublicensees’ and Vendors’ rights and obligations shall survive until the end
of the Grace Period in accordance with Section 7.4. 
 (d) Upon expiration or termination of this Agreement (or if
there is a Grace Period, upon expiration or termination of the Grace Period), all rights and obligations under this Agreement shall terminate, except that each Party’s obligations under the following Sections shall survive as set forth therein
(along with such other provisions which by their own specific terms are expressly effective thereafter): 
  

			
	Article 1	  	(Definitions)
		
	Section 2.5	  	(Reservation of Rights)
		
	Section 3.3	  	(Record-Keeping)
		
	Section 3.5	  	(Inspections and Audits)
		
	Section 3.9	  	(Parent Review/Approvals; Regulatory Compliance)



  
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	 Section 5.1
	  	 (Ownership)

		
	 Section 5.7
	  	 (Obligations of Licensee)

		
	 Section 5.8
	  	 (Brand Equity)

		
	 Article 6
	  	 (Fees, Royalties, Reports, Records)

		
	 Article 7
	  	 (Term, Renewal and Termination)

		
	 Article 8
	  	 (Insurance)

		
	 Article 9
	  	 (Representations, Warranties, and Covenants; Indemnification; Disclaimers)

		
	 Article 10
	  	 (Miscellaneous)



 7.4 Grace Period. If a Grace Period is approved in accordance with Section 7.3(c),
Licensee may (and may permit Permitted Sublicensees to) sell or deliver Licensed Products which are already manufactured and ready for sale prior to the date of termination for a Grace Period, provided: 

(a) Licensee shall (and shall ensure each Permitted Sublicensee) promptly stops all work in progress and not begin to manufacture or have
manufactured any additional Licensed Products after receiving or sending notice of termination; 
 (b) Licensee (on behalf of itself and
each Permitted Sublicensee) promptly gives Parent a listing of remaining inventory of Licensed Products; 
 (c) all payments then due are
first made to Parent; 
 (d) such sales are in accordance with the terms of this Agreement; 

(e) to the extent legally permissible, Licensed Products shall not be included in bankruptcy auctions; and 

(f) reports and payments with respect to that Grace Period are made in accordance with this Agreement. 

All final reports and payments shall be made within thirty (30) days after the end of the Grace Period. Upon expiration of said Grace Period, and
notwithstanding contractual obligations of Licensee or Permitted Sublicensees to third parties, all remaining inventory of Licensed Products, including all components thereof that bear the GE Marks shall be, at Licensee’s election, either
rebranded/rebadged to remove the GE Marks, sold to Parent at Licensee’s or the applicable Permitted Sublicensee’s cost (if Parent desires to purchase such inventory) or destroyed (except as otherwise required by applicable Law) with
evidence of such destruction to be given to Parent. All Licensee and Permitted Sublicensee tooling that is only used to manufacture Licensed Products shall be modified to the extent necessary so that future products manufactured by such modified
tooling shall not be confusingly similar to the Licensed Products. 
 7.5 Adequate Assurances. If concerns arise with respect to Licensee’s, any
Permitted Sublicensees’ or any Vendor’s performance of this Agreement, Parent may, but need not, in writing, request adequate assurance of due performance. If Parent does not receive such assurance within thirty (30) days after the
date of its written request, the failure by Licensee to furnish such assurance will constitute a material breach of this Agreement. 

  
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	8.	 INSURANCE 



Licensee will acquire and maintain (and ensure each Permitted Sublicensee acquires and maintains) at its sole cost and expense throughout the Term, the
following insurance underwritten by insurance companies with a Best’s rating of at least A-/VII, or equivalent, and licensed to do business in the License Territory (“Required
Insurance”): (i) Comprehensive General Liability Insurance, including broad form coverage for product/completed operation liability, personal injury (including bodily injury and death), advertiser’s liability, and contractual
liability, and (ii) cyber liability including coverage for data privacy breach and IT security failure (including unauthorized access/ introduction of virus), naming Parent as an additional insured party. 

Each coverage shall be primary (irrespective of the existence or coverage of any other policy maintained by any insured), contain a waiver of subrogation
against additional insureds, provide for cross liability, and have limits of $10,000,000 per occurrence and in the aggregate. If coverage is not on an occurrence form, the retro date must precede the effective date of this Agreement and continuity
of cover must be maintained for two (2) years following termination of expiration of this Agreement. 
 Upon request and at any time, Licensee shall
promptly furnish evidence of the Required Insurance to Parent. Within ten (10) days after the Distribution Date, a certificate or certificates issued by Licensee’s and each Permitted Sublicensee’s insurance company evidencing the
Required Insurance shall be submitted to Parent. Licensee shall provide Parent a minimum of thirty (30) days prior notice, in writing, of any cancellation, non-renewal or material modification in coverage
if Licensee’s or any Permitted Sublicensee’s insurance ceases to comply with the requirements of the Required Insurance. 
  

	9.	 REPRESENTATIONS, WARRANTIES AND COVENANTS; INDEMNIFICATION; DISCLAIMERS 



9.1 Compliance with Laws. Licensee (on behalf of itself and each Permitted Sublicensee) represents, warrants and covenants during the Term and any
Grace Period that the Licensed Products, and the manufacturing, packaging, marketing, sales, display, distribution and delivery thereof shall meet or exceed the requirements of all applicable Laws, and any additional requirements imposed by Parent
that are described or referenced in, or arise out of, this Agreement, pertaining to such products or activities including those relating to product safety, quality, labeling, environmental waste, Intellectual Property and Trademarks. Licensee shall
not (and shall ensure that each Permitted Sublicensee does not) manufacture, package, market, display, sell, distribute or deliver any Licensed Products or cause any Licensed Products to be manufactured, packaged, marketed, displayed, sold,
distributed or delivered in material violation of any such applicable Laws, including disposal, environmental and hazardous waste Laws, and any additional requirements imposed by Parent that are described or referenced in, or arise out of, this
Agreement. With respect to the collection, transportation, registration, disposal, recycling or other handling of all Licensed Products and their component parts, Licensee shall, and shall cause all Permitted Sublicensees, and their respective
agents, assigns and Vendors to, comply in all material respects with Laws in all relevant territories applicable to such activities in respect of Licensed Products and their component parts. 

  
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 9.2 No Child Labor. Licensee represents, warrants and covenants during the Term and any Grace Period
that it shall not (and shall ensure that Permitted Sublicensees do not) encourage or knowingly use child, indentured, prison or any other form of involuntary labor, and to the best of its knowledge, that it shall not engage any Vendor that engages
in such activities. The term “child” or “children” refers to a person younger than sixteen (16) regardless of the applicable local legal minimum age for employment (or such higher age as may be reflected in
Parent’s own then-current corporate policies). Parent prohibits anyone eighteen (18) or younger from performing hazardous work as defined by the International Labour Organization (ILO). Licensee, Permitted Sublicensees, Vendors, and
prospective Vendors shall be required to respond promptly and fully to all Parent inquiries as to use of such labor. The identification of the use of child, involuntary, indentured or prison labor will result in Licensee or the applicable Permitted
Sublicensee immediately working with the Vendor to achieve compliance or termination of dealings between Licensee or such applicable Permitted Sublicensee and said Vendor if compliance is not promptly achieved. Parent reserves the right, in its sole
discretion, to conduct unannounced audits if there is reasonable evidence as to human rights-related violations of Parent policy. In the event that a Vendor is determined to be non-compliant, Licensee or the
applicable Permitted Sublicensee shall immediately work either directly or with any other Vendor such non-compliant Vendor is working with to achieve compliance by such Vendor. If compliance is not promptly
achieved, Licensee and Permitted Sublicensees shall terminate direct dealings or demand termination of all other Vendor dealings with such non-compliant Vendor. 

9.3 Respectful Workplace and Human Rights. Licensee shall have the sole responsibility to ensure that persons involved in Licensee’s or any
Permitted Sublicensees’ business activities relating to the manufacture, production, marketing, sale, display, distribution and delivery of Licensed Products are not working in violation of applicable Law, and are provided a fair employment
opportunity, protection of their basic human rights, and a clean working environment as free as practicable from health and safety hazards. Licensee represents, warrants and covenants during the Term and any Grace Period that it will (and will
ensure that each Permitted Sublicensee does) conduct its business activities in accordance with these policies and put similar language in its agreements with its Vendors, distributors, and agents on a commercially reasonable basis going forward. It
is understood that Parent assumes no liability for acts that may be inconsistent with the above-stated policies of this Section. Parent reserves the right, in its sole discretion, to make inquiries and to make inspections upon ten
(10) Business Days’ notice or conduct unannounced audits if there is reasonable evidence as to human rights-related violations of Parent policy. Parent is not an employer of Licensee, any Permitted Sublicensee or any of their respective
Vendors, distributors, or agents. Licensee, on behalf of itself and Permitted Sublicensees, shall promptly report to Parent any circumstances, claims, or allegations that are inconsistent with the above-stated policies of this Section. 

9.4 Environmental Waste. Licensee shall, and shall cause Permitted Sublicensees, Affiliates, agents, assigns, vendors and customers (collectively, the
“Responsible Parties”), to comply with all Laws in all territories that now or in the future apply to the collection, transportation, registration, disposal, recycling or other handling of all Licensed Products and their component
parts (as defined below) whether disposed of by the Responsible Parties, a consumer or otherwise, and to pay all fees, expenses, levies, Taxes or other amounts assessed, invoiced or otherwise charged (“Waste Fees”) in connection
therewith. For the absence of any doubt, the Responsible Parties shall pay such Waste Fees even if the applicable Laws require that the Waste Fees be the 

  
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responsibility of, or assessed, invoiced or otherwise charged to Parent. Without limiting the foregoing, Licensee shall itself do the following, and shall cause each of the Responsible Parties to
do the following throughout the Term, any Grace Period, and after expiration or termination of this Agreement: (i) pay Waste Fees for all Licensed Products that are currently or subsequently regulated by electronic waste recycling laws
(“EWR Products”); (ii) notify retailers concerning EWR Products that must be recycled, if required by applicable Law; (iii) cause the collection of Waste Fees at the point of sale for EWR Products, if required by applicable
Law; (iv) prepare and submit all reports required by regulatory authorities on the manufacture, sale, lease or licensing volume of such EWR Products; (v) properly inform consumers of disposal and recycling requirements and opportunities;
(vi) pay and bear the expense of paying Waste Fees to the applicable authorities; (vii) notify the applicable authorities that the Responsible Parties, and not Parent, are responsible for paying all Waste Fees and for complying with the
electronic waste disposal and recycling requirements in effect at that time, even if the law or regulation states that the brand owner is responsible; (viii) comply with the electronic waste disposal and recycling requirements including
submitting any required disposal plans to the applicable authority and setting up collection and transportation services for the applicable EWR Products; and (ix) comply with any and all other requirements of the applicable federal, state, or
local laws and regulations currently in effect or hereinafter enacted. Licensee shall be liable for any and all claims associated with failure to comply with such Laws and hereby agrees to indemnify, defend, and hold harmless Parent Group and its
directors, officers, employees and independent contractors from claims that arise from such Laws. 
 9.5 Ethics Compliance. In carrying out this
Agreement, Licensee shall (and shall ensure Permitted Sublicensees and their respective Vendors and Representatives) comply with: (a) all applicable Laws of any country, jurisdiction, state, province or locality in which it operates regarding
anti-money laundering, illegal payments, gifts and gratuities, customs and Taxes; (b) the Foreign Corrupt Practices Act of the United States; and (c) the requirements and principles of Parent’s Policies as set forth in the document GE
Code of Conduct titled: “The Spirit & The Letter,” accessible at https://www.ge.com/sites/default/files/S&L_Booklet_English_0.pdf (as may be amended from time to time by Parent in its sole discretion) relating to
business practices generally (including anti-bribery) and standards of conduct for transactions with Governmental Authorities, receipt of copies of such are hereby acknowledged. Such compliance includes (but is not limited to) the obligation not to
pay, offer or promise to pay, or authorize the payment directly or indirectly of any money or anything of value to any Person (whether a Governmental Authority official, private individual, or corporation) for the purpose of illegally or improperly
inducing or rewarding any favorable action by a Governmental Authority official or a political party or official thereof or private individual or corporation to make a buying decision or illegally or improperly to assist Licensee, any Permitted
Sublicensee or their respective Vendors in obtaining or retaining business, or to take any other action favorable to Licensee, any Permitted Sublicensee or their respective Vendors. 

9.6 Parent Trademark Warranty. To the Knowledge of Parent, Licensee’s use of the GE Marks in connection with Licensed Products as of the
Distribution Date in accordance with this Agreement will not infringe the Trademark rights of third parties. Parent agrees to deliver to Licensee instruments or documents Licensee may reasonably request to confirm or establish Licensee’s rights
under this Agreement. 

  
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 9.7 No Other Representations or Warranties. Except as specifically provided herein, Parent makes no
representations or warranties, either express or implied, and assumes no responsibilities whatsoever with respect to the use, sale, disposition or delivery of Licensed Products. 

9.8 Licensee’s Indemnity. 

(a) Licensee shall fully indemnify, defend, and hold harmless Parent Group and its directors, officers, agents, representatives and employees
(“Parent Indemnified Parties”), from and against any and all claims, losses, damages, expenses, liabilities, judgments, penalties, and costs (including reasonable attorneys’ fees and costs) (collectively,
“Damages”) asserted against or incurred by the Parent Indemnified Parties with respect to any and all third-party claims, actions or suits against them arising out of or in any way related to (i) this Agreement (including
(x) any breach of any representation, warranty or covenant hereunder by Licensee, any Permitted Sublicensee or any of their respective Vendors or Representatives or (y) any act or omission by Licensee, any Permitted Sublicensee or any of
their respective Vendors or Representatives in any way related to this Agreement), (ii) the manufacture, packaging, shipment, distribution, use, sale, offering for sale, promotion, advertising, marketing, labeling, consumption, or disposal or
delivery of Licensed Products, whether or not such Licensed Products conform to the Applicable Standards, and regardless of whether or not Parent has specifically approved the manufacture, packaging, shipment, distribution, use, sale, offering for
sale, promotion, marketing, disposition or delivery of Licensed Products, or (iii) except to the extent Parent indemnifies Licensee in accordance with Section 9.9, infringement, misappropriation, dilution or other
violations of Intellectual Property or Trademarks, violations of the rights of publicity or privacy of any third party, or claims of false or misleading advertising or other representations arising out of or in any way related to this Agreement or
any Licensed Product(s) (“Licensee’s Indemnity”). Licensee’s Indemnity shall include, by way of example, (A) a defect in the design or manufacture, failure to warn or failure to comply with applicable
Laws arising out of or in any way related to this Agreement or any Licensed Product(s); (B) any disposal or environmental fees pertaining to the Licensed Products that are assessed against the Parent Indemnified Parties; (C) any violation of
any applicable child labor, environmental, disposal, or hazardous materials Laws arising out of or in any way related to this Agreement or any Licensed Product(s); and (D) any violation of any applicable data privacy Laws, including the Laws
and standards described in the Data Privacy Guidelines, arising out of or in any way related to this Agreement or any Licensed Product(s). 

(b) Parent shall give Licensee reasonable notice within forty-five (45) days of all claims, actions and suits subject to Licensee’s
Indemnity to the extent it becomes aware of the same, and grant Licensee the right to select counsel and settle or control such claim or suit at Licensee’s expense, provided Parent must (x) be consulted in the selection of any counsel by
Licensee (and Licensee agrees to give good faith consideration to any comments or concerns raised by Parent) and (y) approve (i) the strategy of Licensee and its counsel, to the extent such strategy impacts, or has the reasonable potential to
impact, the value or reputation of the Parent’s brand or the GE Marks, and (iii) any settlement that results in any non-monetary terms that bind Parent, Licensee or any Permitted Sublicensee, in each
case (y)(i) and (y)(ii), such approvals not to be unreasonably withheld or denied. Failure to give Licensee reasonable notice of all claims or suits within forty-five (45) days shall not, in any way, nullify Licensee’s Indemnity
obligations. Notwithstanding the foregoing, Parent shall have the right to retain its own counsel (the expenses for which are covered by Licensee under this indemnification) to represent its own interests in all cases involving indemnification. 


  
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 9.9 Parent’s Indemnity. 

(a) Parent shall indemnify and hold harmless Licensee, Permitted Sublicensees and their respective directors, officers, agents,
representatives and employees (“Licensee Indemnified Parties”) from and against any and all Damages asserted against or incurred by the Licensee Indemnified Parties, arising out of any claim or suit involving an allegation of
trademark infringement involving use of the GE Marks in accordance with this Agreement. 
 (b) Licensee shall give Parent reasonable notice
within thirty (30) days of all claims, actions and suits subject to the indemnity in Section 9.9(a) to the extent it becomes aware of the same, and grant Parent the right to select counsel and settle or control such
claim or suit at Parent’s expense; provided, that, in the event such suit or claim has, or has the reasonable potential to, materially impact the SpinCo Business (excluding any Former SpinCo Business) or Licensee’s ability to
exercise its rights under the Agreement, Licensee shall have the right, at Licensee’s sole cost and expense, to participate in such claim or suit. If Parent decides not to take action with respect to such claims, Licensee may, upon
Parent’s prior written approval, to be provided in Parent’s sole discretion, pursue such claim on its own at its sole cost and expense. Parent shall be permitted to participate and provide input in such matters, and Licensee must obtain
prior written approval from Parent, to be provided in Parent’s sole discretion, prior to settling or otherwise resolving any such claims. 
 9.10
General Disclaimers. Nothing in this Agreement shall be construed as: (a) a warranty or representation by Parent that anything made, used, displayed, Sold, or otherwise disposed of by Licensee under license granted in this Agreement or
by any Permitted Sublicensee under a sublicense permitted under this Agreement, in each case, is or will be free from the rightful claim of third parties by way of infringement or the like, except as specifically provided herein; (b) a
requirement that Parent shall file or prosecute trademark applications, secure copyrights, or maintain Trademarks or copyright registrations in force or notify Licensee of actions or failures to act with respect to applications or renewals; except
as specifically provided in Section 5.10; (c) an obligation that Parent bring or prosecute actions or suits against third parties for infringement or the like; or (d) granting by implication, estoppel, or otherwise,
licenses or rights under Intellectual Property or Trademark rights of Parent other than to the GE Marks. 
 9.11 Limitation on Liability. Except for
liability for indemnification expressed herein, Parent’s total liability under or related to this Agreement, whether based on claims founded in contract, warranty, tort (including negligence), strict liability or otherwise, shall not exceed the
amount of cumulative royalties and fees due under the Agreement for the applicable Contract Year in which the cause for such indemnification claim occurred. In no event, whether in contract, warranty, tort (including negligence), strict liability or
otherwise, shall Parent be liable for special, incidental, exemplary, punitive or consequential damages, including loss of profit or revenue, loss of use of equipment or other property, cost of capital, cost of substitute goods, facilities, or
services, downtime costs, or claims of customers for damage or loss of property. 

  
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 9.12 Remedies Not Exclusive. All remedies specified herein shall be cumulative and not exclusive and
shall be in addition to any other remedies which Parent may have under this Agreement or otherwise. 
  

	10.	 MISCELLANEOUS 



10.1 Assignment and Divested Entities. 

(a) This Agreement shall not be assigned, in whole or in part, by operation of Law or otherwise by Licensee without the prior written consent
of Parent. Any attempted assignment by Licensee in violation of this Section 10.1 shall be null and void ab initio. This Agreement shall be binding upon, shall inure to the benefit of and shall be enforceable by the Parties
and their respective successors and permitted assigns. Licensee shall not extend, sublicense, convey, pledge, encumber, or otherwise dispose of this Agreement or its rights or interest hereunder without the prior written consent of Parent. 

(b) Notwithstanding the foregoing, in the event Licensee or SpinCo, directly or indirectly, divests a Permitted Sublicensee (other than SpinCo
itself), or a line of business of a Permitted Sublicensee that uses the GE Marks in accordance with this Agreement, by (a) spinning off such Permitted Sublicensee by its sale or other disposition to a third party, (b) reducing ownership or
control such Permitted Sublicensee so that it no longer qualifies as a Permitted Sublicensee under this Agreement or (c) selling or otherwise transferring such line of business to a third party (each such divested entity/line of business, a
“Divested Entity”), the Divested Entity shall receive a transitional license to wind-down its use of the GE Marks for a period of six (6) months following the effective date of such divestiture, subject to Parent’s
standard terms and conditions for transitional trademark licenses. For the avoidance of doubt, any divestment of a Divested Entity shall not reduce the Annual Fee. Upon the expiration or termination of any such transitional license granted to a
Divested Entity in accordance with this Section 10.1(b), such Divested Entity shall immediately cease to be a “Permitted Sublicensee” and all sublicenses granted to it under the rights and licenses hereunder shall
automatically terminate forthwith 
 (c) Parent may assign this Agreement and any or all rights and obligations under this Agreement to any
of its Affiliates or a third party (the “Assignee”) subject to (i) the Assignee agreeing to be bound by all of the terms and conditions of this Agreement and assuming all of the rights, interests and obligations of Parent under
this Agreement, and (ii) Parent providing written notice of the assignment to Licensee. Immediately upon such assignment, automatically and without the requirement of any further action by any person or entity, (i) all references in this
Agreement to the Parent shall instead apply to the Assignee unless the context otherwise requires and (ii) Parent shall be unconditionally and irrevocably released and discharged from any and all liabilities and obligations under or in
connection with this Agreement. 
 (d) Notwithstanding anything to the contrary in this Agreement, the provisions set forth in
Section 2.07 of the Separation Agreement (Subsequent Separation Transaction) shall apply mutatis mutandis to the assignment provisions of this Agreement, with such conforming changes thereto as are necessary to apply the
provisions, and preserve the effect, thereof to the terms of this Agreement. 

  
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 10.2 Governing Law. This Agreement and any disputes relating to, arising out of or resulting from
this Agreement, including to its execution, performance, or enforcement, shall be governed by, and construed and enforced in accordance with, the Laws of the State of New York, regardless of the Laws that might otherwise govern under applicable
principles of conflicts of Laws thereof. 
 10.3 Notices. All notices or other communications under this Agreement shall be in writing and shall be
deemed to be duly given (a) when delivered in person, (b) on the date received, if sent by a nationally recognized delivery or courier service, (c) upon written confirmation of receipt after transmittal by electronic mail (followed by
delivery of an original via overnight courier service) or (d) upon the earlier of confirmed receipt or the fifth (5th) business day following the date of mailing if sent by registered or certified mail, return receipt requested, postage prepaid
and addressed as follows: 
 If to Parent, to: 

General Electric Company 

Trademark Operation 
 901 Main Ave

 Norwalk, CT 06851 
 Attn:
[***] 
 Email: [***] 
 with a
copy to: 
 Paul, Weiss, Rifkind, Wharton & Garrison LLP 

1285 Avenue of the Americas 

New York, NY 10019-6064 

Attn:     Scott A. Barshay 

Steven J. Williams 

Jonathan Ashtor 

Email: sbarshay@paulweiss.com 

  swilliams@paulweiss.com 

  jashtor@paulweiss.com 

Facsimile: (212) 757-3990 

If to Licensee, to: 
 GE
HealthCare Imaging Holding Inc. 
 3000 N Grandview Blvd 

Waukesha, WI 53188 
 Attn: [***]

 Email: [***] 
 with a copy
to: 
 GE HealthCare 
 500 West
Monroe Street 
 Chicago, IL 60661 

Attn: [***] 
 Email: [***] 

  
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 Either Party may, by notice to the other Party, change the address and identity of the
Person to which such notices and copies of such notices are to be given. Each Party agrees that nothing in this Agreement shall affect the other Party’s right to serve process in any other manner permitted by Law (including pursuant to the
rules for foreign service of process authorized by the Hague Convention). 
 10.4 Severability. If any provision of this Agreement or the application
thereof to any Person or circumstance is determined by a court of competent jurisdiction to be invalid, void or unenforceable, the remaining provisions hereof, or the application of such provision to Persons or circumstances, or in jurisdictions
other than those as to which it has been held invalid or unenforceable, shall remain in full force and effect and shall in no way be affected, impaired or invalidated thereby, so long as the economic or legal substance of the transactions
contemplated hereby is not affected in any manner materially adverse to either Party. Upon any such determination, any such provision, to the extent determined to be invalid, void or unenforceable, shall be deemed replaced by a provision that such
court determines is valid and enforceable and that comes closest to expressing the intention of the invalid, void or unenforceable provision. 
 10.5
Counterparts; Entire Agreement; Corporate Power. 
 (a) This Agreement may be executed in one or more counterparts, all of which
counterparts shall be considered one and the same agreement, and shall become effective when one or more counterparts have been signed by each Party and delivered to the other Party. This Agreement may be executed by facsimile or PDF signature and
scanned and exchanged by electronic mail, and such facsimile or PDF signature or scanned and exchanged copies shall constitute an original for all purposes. 

(b) This Agreement, together with the Separation Agreement and the Exhibits and Schedules hereto and thereto contain the entire agreement
between the Parties with respect to the subject matter hereof and supersede all previous agreements, negotiations, discussions, writings, understandings, commitments and conversations with respect to such subject matter, and there are no agreements
or understandings between the Parties with respect to the subject matter hereof other than those set forth or referred to herein or therein. In the event of conflict or inconsistency between the provisions of this Agreement and the Separation
Agreement, the provisions of this Agreement shall prevail and remain in full force and effect. 
 (c) Parent represents on behalf of itself
and each other member of the Parent Group, and Licensee represents on behalf of itself and each Permitted Sublicensee, as follows: 

(i) each such Person has the requisite corporate or other power and authority and has taken all corporate or other action
necessary in order to execute, deliver and perform each of this Agreement and to consummate the transactions contemplated hereby and thereby; and 

  
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 (ii) this Agreement has been duly executed and delivered by it and
constitutes, or will constitute, a valid and binding agreement of it enforceable in accordance with the terms thereof. 
 10.6 Third-Party
Beneficiaries. Except as otherwise expressly set forth herein or as otherwise provided in the Separation Agreement, (a) the provisions of this Agreement are solely for the benefit of the Parties hereto and are not intended to
confer upon any Person except the Parties hereto any rights or remedies hereunder and (b) there are no third-party beneficiaries of this Agreement and this Agreement shall not provide any third person with any remedy, claim, liability,
reimbursement, cause of action or other right in excess of those existing without reference to this Agreement. 
 10.7 Waivers of Default. No failure
or delay of any Party in exercising any right or remedy under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such right
or power, or any course of conduct, preclude any other or further exercise thereof or the exercise of any other right or power. Waiver by any Party of any default by the other Party of any provision of this Agreement shall not be deemed a waiver by
the waiving Party of any subsequent or other default. 
 10.8 Amendment. No provisions of this Agreement shall be deemed waived, amended,
supplemented or modified by any Party, unless such waiver, amendment, supplement or modification is in writing and signed by the authorized representative of each Party; provided, that nothing in this Section 10.8
shall limit the provisions of Section 10.1(d). 
 10.9 Interpretation. Words in the singular shall be held to include the
plural and vice versa and words of one gender shall be held to include the other gender as the context requires. The terms “hereof,” “herein,” “herewith” and words of similar import, unless otherwise stated, shall be
construed to refer to this Agreement as a whole (including all of the schedules hereto) and not to any particular provision of this Agreement. Article, Section or Schedule references are to the articles, sections and schedules of or to this
Agreement unless otherwise specified. Any capitalized terms used in any Schedule to this Agreement but not otherwise defined therein shall have the meaning as defined in this Agreement. Any definition of or reference to any agreement,
instrument or other document herein (including any reference herein to this Agreement) shall, unless otherwise stated, be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise
modified (subject to any restrictions on such amendments, supplements or modifications set forth therein, including in Section 10.7 above). The word “including” and words of similar import when used in this
Agreement shall mean “including, without limitation,” unless the context otherwise requires or unless otherwise specified. The word “or” shall not be exclusive. The word “extent” in the phrase “to the extent”
shall mean the degree to which a subject or other thing extends, and such phrase shall not mean simply “if.” All references to “$” or dollar amounts are to the lawful currency of the United States of America. References herein to
any Law shall be deemed to refer to such law as amended, reenacted, supplemented or superseded in whole or in part and in effect from time to time and also to all rules and regulations promulgated thereunder. Except as expressly set forth in this
Agreement, the Parties shall make, or cause to be made, any payment that is required to be made pursuant to this Agreement as promptly as practicable and without regard to any local currency constraints or similar restrictions. In the event that an
ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the Parties, and no presumption or burden of proof shall arise favoring or disfavoring either Party by virtue of the authorship of
any provisions hereof. 

  
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 10.10 Headings. The article, section and paragraph headings contained in this Agreement, including in
the table of contents of this Agreement, are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. 

10.11 Dispute Resolution. The Parties (a) hereby irrevocably and unconditionally submit to the jurisdiction of the state courts of New York and to
the jurisdiction of the United States District Court for the Southern District of New York for the purpose of any suit, action or other proceeding arising out of or based upon this Agreement, (b) agree not to commence any suit, action or other
proceeding arising out of or based upon this Agreement except in the state courts of New York or the United States District Court for the Southern District of New York, and (c) hereby waive, and agree not to assert, by way of motion, as a
defense, or otherwise, in any such suit, action or proceeding, any claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune from attachment or execution, that the suit, action or
proceeding is brought in an inconvenient forum, that the venue of the suit, action or proceeding is improper or that this Agreement or the subject matter hereof may not be enforced in or by such court. 

10.12 Specific Performance. In the event of any actual or threatened default in, or breach of, any of the terms, conditions and provisions of this
Agreement, the affected Party shall have the right to specific performance, declaratory relief and injunctive or other equitable relief (on a permanent, emergency, temporary, preliminary or interim basis) of its rights under this Agreement, in
addition to any and all other rights and remedies at Law or in equity, and all such rights and remedies shall be cumulative. The other Party shall not oppose the granting of such relief on the basis that money damages are an adequate remedy. The
Parties agree that the remedies at Law for any breach or threatened breach hereof, including monetary damages, are inadequate compensation for any loss and that any defense in any action for specific performance that a remedy at Law would be
adequate is hereby waived. Any requirements for the securing or posting of any bond or similar security with such remedy are hereby waived. 
 10.13
Waiver of Jury Trial. EACH PARTY AND ITS AFFILIATES HEREBY WAIVE TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT TO ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN
CONNECTION WITH THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY. EACH PARTY (A) CERTIFIES THAT NO REPRESENTATIVE OF THE OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK
TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 10.13. 

  
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 10.14 Confidentiality. All confidential information of a Party disclosed to the other Party under
this Agreement shall be deemed Specified Confidential Information (as that term is defined in the Separation Agreement), shall be subject to the provisions of Section 7.09 of the Separation Agreement, and may be used by the receiving Party in
accordance with this Agreement for the sole and express purpose of effecting the licenses granted herein. 
 10.15 Relationship of the Parties.
Nothing contained herein is intended or shall be deemed to make either Party or members of the Parent Group (in the case of Parent) or the members of the SpinCo Group (in the case of Licensee) the agent, employee, partner or joint venturer of the
other Party or members of the Parent Group or members of the SpinCo Group, as applicable, or be deemed to provide such Party or members of the Parent Group or members of the SpinCo Group, as applicable, with the power or authority to act on behalf
of the other Party or members of the Parent Group or members of the SpinCo Group, as applicable, or to bind the other Party or members of the Parent Group or members of the SpinCo Group, as applicable, to any contract, agreement, or arrangement with
any other individual or entity. 
 Remainder of Page Left Blank Intentionally 

  
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 IN WITNESS WHEREOF, Parent and Licensee have caused this Agreement to be executed, in
duplicate, by their respective, duly authorized representatives on the date first noted above. 
  

					
	“LICENSEE”
	GE HEALTHCARE IMAGING HOLDING, INC.
		
	By:	 	 /s/ George Newcomb

		 	Name: George Newcomb
		 	Title: President
	
	“PARENT”
	GENERAL ELECTRIC COMPANY
		
	By:	 	 /s/ Buck de Wolf

		 	Name:	 	Buck de Wolf
		 	Title:	 	Vice President, Environment, Health & Safety, Chief Intellectual Property Counsel


 [Signature Page to Trademark License Agreement]