Document:

EX-4.2

 Exhibit 4.2 
  

 
  

ONEOK, INC. 
 as Issuer

 ONEOK PARTNERS, L.P. 

and 
 ONEOK PARTNERS
INTERMEDIATE LIMITED PARTNERSHIP 
 as Guarantors; 

and 
 U.S. BANK NATIONAL
ASSOCIATION 
 as Trustee 

FIFTH SUPPLEMENTAL INDENTURE 

Dated as of July 13, 2017 

to 
 INDENTURE 

relating to Securities 

Dated as of July 13, 2017 

4.950% Notes due 2047 
  

 
  

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 ARTICLE 1 Relation to Indenture; Definitions and Other Provisions of General Application
	  	 	1	 
	 SECTION 1.01. Relation to Indenture
	  	 	1	 
	 SECTION 1.02. Definitions
	  	 	1	 
	 SECTION 1.03. General References
	  	 	2	 
		
	 ARTICLE 2 The Series of Securities
	  	 	2	 
	 SECTION 2.01. The Form and Title of the Securities
	  	 	2	 
	 SECTION 2.02. Amount
	  	 	3	 
	 SECTION 2.03. Stated Maturity
	  	 	3	 
	 SECTION 2.04. Interest and Interest Rates
	  	 	3	 
	 SECTION 2.05. Optional Redemption
	  	 	3	 
	 SECTION 2.06. Global Securities
	  	 	3	 
		
	 ARTICLE 3 Agreement to Guarantee
	  	 	3	 
	 SECTION 3.01. Unconditional Guarantee
	  	 	3	 
	 SECTION 3.02. Limitation on Guarantor Liability
	  	 	5	 
	 SECTION 3.03. No Requirement to Endorse Notation of Guarantee
	  	 	6	 
	 SECTION 3.04. Release of Guarantee
	  	 	6	 
	 SECTION 3.05. Benefits Acknowledged
	  	 	6	 
		
	 ARTICLE 4 Miscellaneous
	  	 	6	 
	 SECTION 4.01. Notices
	  	 	6	 
	 SECTION 4.02. No Recourse Against Others
	  	 	6	 
	 SECTION 4.03. Certain Trustee Matters
	  	 	6	 
	 SECTION 4.04. Continued Effect
	  	 	7	 
	 SECTION 4.05. Governing Law
	  	 	7	 
	 SECTION 4.06. Counterparts
	  	 	7	 

 EXHIBITS 
 Exhibit A:
Form of Note 
  

 FIFTH SUPPLEMENTAL INDENTURE, dated as of July 13, 2017 (this
“Supplemental Indenture”), among ONEOK, INC., an Oklahoma corporation (the “Company”), ONEOK PARTNERS, L.P., a Delaware limited partnership and ONEOK PARTNERS
INTERMEDIATE LIMITED PARTNERSHIP, a Delaware limited partnership (each a “Guarantor” and together, the “Guarantors”) and U.S. BANK NATIONAL
ASSOCIATION, as trustee under the Indenture referred to below (in such capacity, the “Trustee”). 

RECITALS OF THE COMPANY 

WHEREAS, the Company and the Trustee have heretofore entered into an Indenture, dated as of January 26, 2012 (the
“Original Indenture”) (the Original Indenture, as amended and supplemented from time to time, including without limitation pursuant to this Supplemental Indenture, being referred to herein as the
“Indenture”); and 
 WHEREAS, under the Original Indenture, a new series of Securities may at any time
be established by the Board of Directors of the Company, in accordance with the provisions of the Original Indenture, and the terms of such series may be established by an indenture supplemental to the Original Indenture; and 

WHEREAS, the Company proposes to create under the Indenture a new series of Securities; and 

WHEREAS, in connection with the issuance of the Notes, each of the Guarantors desires to become a guarantor of, and provide a guarantee of,
the Notes. 
 WHEREAS, all acts and things necessary to make the Notes and Guarantees (both as herein defined), when executed by the Company
and the Guarantors, respectively, and when the Notes are authenticated and delivered by the Trustee as provided in the Original Indenture and this Supplemental Indenture, the valid and binding obligations of the Company and the Guarantors and to
make this Supplemental Indenture a valid and binding agreement in accordance with the Original Indenture have been done or performed; 

NOW, THEREFORE, in consideration of the premises, agreements and obligations set forth herein and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree, for the equal and proportionate benefit of all Holders of the Notes, as follows: 

ARTICLE 1 

RELATION TO INDENTURE; DEFINITIONS AND OTHER
PROVISIONS OF GENERAL APPLICATION 
 SECTION 1.01.
Relation to Indenture. 
 With respect to the Notes, this Supplemental Indenture constitutes an integral part of the
Indenture. 
 SECTION 1.02. Definitions. 

Except as may be provided in a future Supplemental Indenture, for the benefit of the Holders of the Notes but no other series of Securities
under the Indenture, whether now or hereafter issued and Outstanding, Article One of the Original Indenture shall be amended by adding the following defined terms to Section 101 in appropriate alphabetical sequence. For all purposes of this
Supplemental Indenture, capitalized terms used herein and not otherwise defined herein shall have the meanings assigned thereto in the Original Indenture. 

 “Adjusted Treasury Rate” means, with respect to any Redemption Date, the rate per annum
equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price of the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption
Date. 
 “Comparable Treasury Issue” means the U.S. Treasury security selected by the Quotation Agent as having a maturity
comparable to the remaining term of the Notes to be redeemed assuming the Notes matured on January 13, 2047 that would be used, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate
debt securities of comparable maturity to the remaining term of the Notes assuming the Notes matured on January 13, 2047. 

“Comparable Treasury Price” means, with respect to any Redemption Date, the Reference Treasury Dealer Quotation for such Redemption
Date. 
 “Quotation Agent” means a Reference Treasury Dealer. 

“Reference Treasury Dealer” means Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated
and their successors; provided, however, that if the foregoing shall cease to be a primary U.S. Government Securities dealer in the United States (a “Primary Treasury Dealer”), the Company shall substitute therefor another
Primary Treasury Dealer and certify same to the Trustee.  
 “Reference Treasury Dealer Quotation” means, with respect to
any Redemption Date, the average, as determined by the Company and certified to the Trustee by the Company, of the bid and asked prices for the Comparable Treasury Issue (expressed, in each case, as a percentage of its principal amount) quoted in
writing to the Company by a Reference Treasury Dealer at 5:00 p.m. on the third Business Day preceding such Redemption Date. 

SECTION 1.03. General References. 

All references in this Supplemental Indenture to Articles and Sections, unless otherwise specified, refer to the corresponding Articles
and Sections of this Supplemental Indenture; and the term “herein,” “hereof,” “hereunder” and any other word of similar import refers to this Supplemental Indenture. 

ARTICLE 2 

THE SERIES OF SECURITIES 

SECTION 2.01. The Form and Title of the Securities. 

There is hereby established a new series of Securities to be issued under the Indenture and to be designated as the Company’s 4.950%
Notes due 2047 (the “Notes”). The Notes shall be substantially in the form attached as Exhibit A hereto, in each case with such appropriate insertions, omissions, substitutions and other variations as are required
or permitted by the Indenture, and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as the Company may deem appropriate or as may be required or appropriate to comply with any laws or
with any rules made pursuant thereto or with the rules of any securities exchange or automated quotation system on which the Notes may be listed or traded, or to conform to general usage, or as may, consistently with the Indenture, be determined by
the officers executing such Notes, as evidenced by their execution thereof. The Notes and any beneficial interest in the Notes shall be in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof. 

The Notes shall be executed, authenticated and delivered in accordance with the provisions of, and shall in all respects be subject to, the
terms, conditions and covenants of the Original Indenture as supplemented by this Supplemental Indenture (including the form of Note set forth as Exhibit A hereto (the terms of which are incorporated in and made a part of this
Supplemental Indenture for all intents and purposes)). 

  
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 SECTION 2.02. Amount. 

The aggregate principal amount of the Notes which may be authenticated and delivered pursuant hereto is unlimited. The Trustee shall initially
authenticate and deliver Notes for original issue in an initial aggregate principal amount of up to $700,000,000 upon delivery to the Trustee of a Company Order for the authentication and delivery of such Notes. The aggregate principal amount of the
Notes to be issued hereunder may be increased at any time hereafter and the series may be reopened for issuances of additional Notes upon Company Order without the consent of any Holder. The Notes issued on the date hereof and any such additional
Notes that may be issued hereafter shall be part of the same series of Securities for all purposes under the Indenture. 

SECTION 2.03. Stated Maturity. 

The Notes may be issued on any Business Day on or after July 13, 2017, and the Stated Maturity of the Notes shall be July 13, 2047.

 SECTION 2.04. Interest and Interest Rates.  

The rate or rates at which the Notes shall bear interest, the date or dates from which such interest shall accrue, the interest payment dates
on which any such interest shall be payable and the regular record date for any interest payable on any interest payment date, in each case, shall be as set forth in the form of Note set forth as Exhibit A hereto. 

SECTION 2.05. Optional Redemption. 

At its option, the Company may redeem the Notes, in whole or in part, in principal amounts of $2,000 and in multiples of $1,000 in excess
thereof, at any time or from time to time, at the applicable redemption price determined as set forth in the form of Note attached hereto as Exhibit A, in accordance with the terms set forth in the Notes and in accordance with Article Eleven
of the Original Indenture. 
 SECTION 2.06. Global Securities. 

The Notes shall initially be issuable in whole or in part in the form of one or more Global Securities. Such Global Securities (i) shall
be deposited with, or on behalf of, The Depository Trust Company, which shall act as Depositary with respect to the Notes, (ii) shall bear the legends applicable to Global Securities set forth in Section 204 of the Original Indenture,
(iii) may be exchanged in whole or in part for Notes in definitive form upon the terms and subject to the conditions provided in Section 304 of the Original Indenture and in this Supplemental Indenture and (iv) shall otherwise be
subject to the applicable provisions of the Indenture. 
 ARTICLE 3 

AGREEMENT TO GUARANTEE 

SECTION 3.01. Unconditional Guarantee.  

(a) For value received, subject to Section 3.04 hereof, each of the Guarantors hereby fully, irrevocably, unconditionally and absolutely
guarantees to the Holders of the Notes and to the Trustee the due and punctual payment of the principal of, and premium, if any, and interest on such Notes, and all other amounts due and payable under the Indenture and such Notes by the Company to
the Trustee or such Holders (including, without limitation, all costs and expenses (including reasonable legal fees and disbursements of its agents and counsel) incurred by the Trustee or such Holders in connection with the

  
 3 

 
enforcement of the Indenture and the Guarantees) (collectively, the “Indenture Obligations”), when and as such amounts shall become due and payable, whether at the Stated Maturity, upon
redemption or by declaration of acceleration or otherwise, according to the terms of such Notes and the Indenture. The guarantees by the Guarantors set forth in this ARTICLE 3 are referred to herein as the “Guarantees.” Without limiting
the generality of the foregoing, each Guarantor’s liability shall extend to all amounts that constitute part of the Indenture Obligations and would be owed by the Company to the Trustee or such Holders under the Indenture and such Notes but for
the fact that they are unenforceable, reduced, limited, impaired, suspended or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving the Company. 

(b) Failing payment when due of any amount guaranteed pursuant to the Guarantees, for whatever reason, each Guarantor will be obligated
(to the fullest extent permitted by applicable law) to pay the same immediately to the Trustee, without set-off or counterclaim or other reduction whatsoever (whether for taxes, withholding or otherwise). The Guarantees hereunder are intended to be
a general, unsecured, senior obligation of each Guarantor and will rank pari passu in right of payment with all unsecured indebtedness of such Guarantor that is not, by its terms, expressly subordinated in right of payment to the Guarantees
of such Guarantor. Each Guarantor hereby agrees that, to the fullest extent permitted by applicable law, subject to Section 3.04 hereof, its obligations hereunder shall be full, irrevocable, unconditional and absolute, irrespective of the
validity, regularity or enforceability of such Notes, the Guarantees or the Indenture, the absence of any action to enforce the same, any waiver or consent by any such Holder with respect to any provisions hereof or thereof, the recovery of any
judgment against the Company, any action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of such Guarantor. Each Guarantor hereby agrees that in the event of a default in
payment of any Indenture Obligations, whether at the Stated Maturity, upon redemption or by declaration of acceleration or otherwise, legal proceedings may be instituted by the Trustee on behalf of such Holders or, subject to Section 507 of the
Indenture, by such Holders, on the terms and conditions set forth in the Indenture, directly against such Guarantor to enforce the Guarantees without first proceeding against the Company. 

(c) To the fullest extent permitted by applicable law, subject to Section 3.04 hereof, the obligations of each Guarantor under this
ARTICLE 3 shall be as aforesaid full, irrevocable, unconditional and absolute and shall not be impaired, modified, discharged, released or limited by any occurrence or condition whatsoever, including, without limitation, (i) any compromise,
settlement, release, waiver, renewal, extension, indulgence or modification of, or any change in, any of the obligations and liabilities of the Company or either Guarantor contained in any of such Notes or the Indenture, (ii) any impairment,
modification, release or limitation of the liability of the Company, either Guarantor or any of their estates in bankruptcy, or any remedy for the enforcement thereof, resulting from the operation of any present or future provision of any applicable
Bankruptcy Law, as amended, or other statute or from the decision of any court, (iii) the assertion or exercise by the Trustee or any such Holder of any rights or remedies under any of such Notes or the Indenture or their delay in or failure to
assert or exercise any such rights or remedies, (iv) the assignment or the purported assignment of any property as security for any of such Notes, including all or any part of the rights of the Company or either Guarantor under the Indenture,
(v) the extension of the time for payment by the Company or either Guarantor of any payments or other sums or any part thereof owing or payable under any of the terms and provisions of any of such Notes or the Indenture or of the time for
performance by the Company or either Guarantor of any other obligations under or arising out of any such terms and provisions or the extension or the renewal of any thereof, (vi) the modification or amendment (whether material or otherwise) of
any duty, agreement or obligation of the Company or either Guarantor set forth in the Indenture, (vii) the voluntary or involuntary liquidation, dissolution, sale or other disposition of all or substantially all of the assets, marshaling of
assets and liabilities, receivership, insolvency, bankruptcy, assignment for the benefit of creditors, reorganization, arrangement, composition or readjustment, rehabilitation or relief of, or other similar proceeding affecting, the Company or
either Guarantor or any of their respective assets, or the disaffirmance of any of such Notes, the Guarantees or the Indenture in any such proceeding, (viii) the release or discharge of 

  
 4 

 
the Company or either Guarantor from the performance or observance of any agreement, covenant, term or condition contained in any of such instruments by operation of law, (ix) the
unenforceability of any of such Notes, the Guarantees or the Indenture, (x) any change in the name, business, capital structure, corporate existence, or ownership of the Company or either Guarantor, or (xi) any other circumstance which
might otherwise constitute a defense available to, or a legal or equitable discharge of, a surety or either Guarantor. 
 (d) To the fullest
extent permitted by applicable law, each Guarantor hereby (i) waives diligence, presentment, demand of payment, notice of acceptance, filing of claims with a court in the event of the merger, insolvency or bankruptcy of the Company or such
Guarantor, and all demands and notices whatsoever, (ii) acknowledges that any agreement, instrument or document evidencing the Guarantees may be transferred and that the benefit of its obligations hereunder shall extend to each holder of any
agreement, instrument or document evidencing the Guarantees without notice to them and (iii) covenants that its Guarantees will not be discharged except by complete performance of the Guarantees. To the fullest extent permitted by applicable
law, each Guarantor further agrees that if at any time all or any part of any payment theretofore applied by any Person to any Guarantees is, or must be, rescinded or returned for any reason whatsoever, including without limitation, the insolvency,
bankruptcy or reorganization of either Guarantor, such Guarantees shall, to the extent that such payment is or must be rescinded or returned, be deemed to have continued in existence notwithstanding such application, and the Guarantees shall
continue to be effective or be reinstated, as the case may be, as though such application had not been made. 
 (e) Each Guarantor shall be
subrogated to all rights of the Holders and the Trustee against the Company in respect of any amounts paid by such Guarantor pursuant to the provisions of the Indenture; provided, however, that such Guarantor shall not be entitled to
enforce or to receive any payments arising out of, or based upon, such right of subrogation with respect to any of such Notes until all of such Notes and the Guarantees shall have been indefeasibly paid in full or discharged. 

(f) To the fullest extent permitted by applicable law, no failure to exercise and no delay in exercising, on the part of the Trustee or the
Holders, any right, power, privilege or remedy under this ARTICLE 3 and the Guarantees shall operate as a waiver thereof, nor shall any single or partial exercise of any rights, power, privilege or remedy preclude any other or further exercise
thereof, or the exercise of any other rights, powers, privileges or remedies. The rights and remedies herein provided for are cumulative and not exclusive of any rights or remedies provided in law or equity. Nothing contained in this ARTICLE 3 shall
limit the right of the Trustee or the Holders to take any action to accelerate the maturity of such Notes pursuant to Article FIVE of the Indenture or to pursue any rights or remedies under the Indenture or under applicable law. 

SECTION 3.02. Limitation on Guarantor Liability. 

Each Guarantor and the Trustee hereby confirms that it is the intention of all such parties that the Guarantees of such Guarantor not
constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law to the extent applicable to any Guarantees. To effectuate
the foregoing intention, the Trustee and the Guarantors hereby irrevocably agree that the obligations of such Guarantor will be limited to the maximum amount that will, after giving effect to such maximum amount and all other contingent and fixed
liabilities of such Guarantor that are relevant under such laws, and after giving effect to any collections from, rights to receive contribution from or payments made by or on behalf of the other Guarantor in respect of the obligations of such other
Guarantor under this ARTICLE 3, result in the obligations of such Guarantor under its Guarantees not constituting a fraudulent transfer or conveyance. 

  
 5 

 SECTION 3.03. No Requirement to Endorse Notation of Guarantee. 

 Each Guarantor hereby agrees that its execution and delivery of this Supplemental Indenture and the provisions set forth in this
ARTICLE 3 shall evidence its Guarantee without the need for notation on any Notes. 
 SECTION 3.04. Release of Guarantee.
 
 (a) Notwithstanding anything to the contrary in this ARTICLE 3, if a Guarantor (i) shall cease to be a
subsidiary of the Company or (ii) shall no longer be (x) an obligor on, or issuer of, any capital markets debt securities or (y) a guarantor of any capital markets debt securities issued by the Company or the other Guarantor, in each
case other than the Notes, then, if no Default or Event of Default shall have occurred and be continuing, such Guarantor, upon giving notice to the Trustee to the foregoing effect, shall be deemed to be released from all of its obligations under the
Indenture, and the Guarantees shall be of no further force or effect with respect to such Guarantor. Following the receipt by the Trustee of any such notice, the Company shall cause the Indenture to be amended as provided in Section 901 of the
Indenture; provided, however, that the failure to so amend the Indenture shall not affect the validity of the termination of the Guarantees with respect to such Guarantor.  

(b) In addition, upon (i) the exercise of the legal defeasance or covenant defeasance option or the satisfaction and discharge of the
Indenture as provided in ARTICLES FIFTEEN and FOUR, respectively, of the Indenture with respect to a series of Notes or (ii) a series of Notes ceasing to be Outstanding, each of the Guarantors shall be deemed to be released from all its
obligations under the Indenture with respect to such series of Notes and the Guarantees of such series of Notes shall be of no further force or effect. 

SECTION 3.05. Benefits Acknowledged. 

Each Guarantor acknowledges that it shall receive direct and indirect benefits from the financing arrangements contemplated by the Indenture
and from the Guarantees under this Supplemental Indenture. 
 ARTICLE 4 

MISCELLANEOUS 

SECTION 4.01. Notices. 

Notices to the Guarantor shall be made in accordance with Section 105 of the Indenture at the address for the Company set forth in such
Section. 
 SECTION 4.02. No Recourse Against Others. 

No director, officer, employee, partner (including, for greater certainty, any general partner of any general partnership who is an individual
person), incorporator, manager, stockholder or member of either Guarantor, as such, will have any liability for any obligations of the Company, such Guarantor or the other Guarantor under the Notes or the Indenture or for any claim based on, in
respect of, or by reason of, such obligations or their creation. The waiver and release are part of the consideration for the issuance of the Guarantees and the Notes. 

SECTION 4.03. Certain Trustee Matters.  

The recitals contained herein shall be taken as the statements of the Company and the Guarantors, and the Trustee assumes no responsibility
for their correctness. 

  
 6 

 The Trustee makes no representations as to the validity or sufficiency of this Supplemental
Indenture or the Notes or the proper authorization or the due execution hereof or thereof by the Company or any of the Guarantors. 
 Except
as expressly set forth herein, nothing in this Supplemental Indenture shall alter the duties, rights, privileges, immunities or obligations of the Trustee set forth in the Original Indenture, which shall be applicable in respect of the Notes and of
this Supplemental Indenture as fully and with like effect as if set forth herein in full. 
 The Trustee makes no representation or warranty
as to the validity or sufficiency of the information contained in the prospectus supplement related to the Notes, except such information which specifically pertains to the Trustee itself, or any information incorporated therein by reference with
respect to the Trustee. 
 SECTION 4.04. Continued Effect.  

Except as expressly supplemented and amended by this Supplemental Indenture, the Original Indenture shall continue in full force and effect in
accordance with the provisions thereof, and the Original Indenture (as supplemented and amended by this Supplemental Indenture) is in all respects hereby ratified and confirmed. This Supplemental Indenture and all its provisions shall be deemed a
part of the Original Indenture in the manner and to the extent herein and therein provided. 
 SECTION 4.05. Governing
Law.  
 This Supplemental Indenture and the Notes shall be governed by and construed in accordance with the laws of the
State of New York. This Supplemental Indenture and the Notes are subject to the provisions of the Trust Indenture Act that are required to be part of this Supplemental Indenture and the Notes and shall, to the extent applicable, be governed by such
provisions. 
 SECTION 4.06. Counterparts.  

This instrument may be executed in any number of counterparts, each of which, when delivered, shall be deemed to be an original, but all such
counterparts shall together constitute but one and the same instrument. 
 (Signature Page Follows) 

  
 7 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed and delivered, all as of the day and year first above written. 
  

			
	ONEOK, INC.
		
	By:	 	/s/ Terry K. Spencer
	Name:	 	Terry K. Spencer
	Title:	 	President and Chief Executive Officer

  

					
	ONEOK PARTNERS, L.P.
		
	By:	 	ONEOK Partners GP, L.L.C.,
		 	its General Partner
		
	By:	 	/s/ Walter S. Hulse III
		 	Name:	 	Walter S. Hulse III
		 	Title:	 	Chief Financial Officer and Executive Vice President, Strategic Planning and Corporate Affairs
	
	ONEOK PARTNERS INTERMEDIATE LIMITED PARTNERSHIP
		
	By:	 	ONEOK ILP GP, L.L.C.,
		 	its General Partner
		
	By:	 	/s/ Walter S. Hulse III
		 	Name:	 	Walter S. Hulse III
		 	Title:	 	Chief Financial Officer and Executive Vice President, Strategic Planning and Corporate Affairs

  

			
	 U.S. BANK NATIONAL ASSOCIATION,

as Trustee

		
	By:	 	/s/ George Hogan
	Name:	 	George Hogan
	Title:	 	Vice President

 Supplemental Indenture Signature Page 

 EXHIBIT A 

[FORM OF FACE OF NOTE] 
 [If a Global
Security, insert—UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW YORK, TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER,
EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.] 

[If a Global Security, insert—TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A
SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO HEREIN.] 

ONEOK, INC. 
 4.950%
Note due 2047 
  

					
	 No.         
	  	U.S.$	                             	 
		
	 CUSIP No. 682680 AT0
	  			

 ONEOK, Inc., an Oklahoma corporation (herein called the “Company”, which term includes any successor
Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to
                                , or registered assigns, the principal sum of
                                 United States Dollars
($                                ) on July 13, 2047, and to pay
interest thereon from July 13, 2017, or from the most recent interest payment date to which interest has been paid or duly provided for, semi-annually on January 13 and July 13 in each year, commencing on January 13, 2018, at the
rate of 4.950% per annum, until the principal hereof is paid or made available for payment and at the same rate per annum on any overdue principal and premium and on any overdue installment of interest. The amount of interest payable for any
period shall be computed on the basis of twelve 30-day months and a 360-day year. The amount of interest payable for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the days elapsed in any partial
month. In the event that any date on which interest is payable on this Note is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other
payment in respect of any such delay) with the same force and effect as if made on the date the payment was originally payable. The interest so payable, and punctually paid or duly provided for, on any interest payment date will, as provided in such
Indenture, be paid to the Person in whose name this Note (or one or more predecessor Notes) is registered at the close of business on the regular record date for such interest, which record date shall be January 1 or July 1 (whether or not
a Business Day), as the case may be, next preceding such interest payment date. Any such interest not so punctually paid or duly provided for shall forthwith cease to be payable to the Holder on such regular record date and may either be paid to the
Person in whose name this Note (or one or more predecessor Notes) is registered at the close of business on a special record date for the payment of such Defaulted Interest to be fixed by the Trustee, notice of which shall be given to Holders of
Notes not less than 10 days prior to such special record date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange or automated quotation system on which the Notes may be listed or
traded, and upon such notice as may be required by such exchange or automated quotation system, all as more fully provided in the Indenture. 

[If a Global Security, insert—Payment of the principal of (and premium, if any) and any such interest on this Note will be made by
transfer of immediately available funds to a bank account in the United States of America designated by the Holder to the Paying Agent in U.S. Dollars.] 

 [If a definitive Security, insert—Payment of the principal of (and premium, if any) and any
such interest on this Note will be made at the office or agency of the Company maintained for that purpose in U.S. Dollars or subject to any laws or regulations applicable thereto and to the right of the Company (as provided in the Indenture) to
rescind the designation of any such Paying Agent, at the offices of
                                , and at such other offices or agencies as the
Company may designate, by U.S. Dollar check drawn on, or transfer to a U.S. Dollar account maintained by the payee with, a bank in The City of New York (so long as the applicable Paying Agent has received proper transfer instructions in
writing at least 10 days prior to the payment date); provided, however, that payment of interest may be made at the option of the Company by U.S. Dollar check mailed to the addresses of the Persons entitled thereto as such addresses
shall appear in the Security Register or by transfer to a U.S. Dollar account maintained by the payee with a bank in The City of New York (so long as the applicable Paying Agent has received proper transfer instructions in writing by the record
date prior to the applicable interest payment date).] 
 Reference is hereby made to the further provisions of this Note set forth on the
reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 
 Unless the
certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

Dated:                     ,
         
  

			
	ONEOK, INC.
		
	By:	 	 

 
			
	 Name:
	 	
	 Title:
	 	

  

			
	ATTEST
		
	By:	 	 

			
	 Name:
	 	
	 Title:
	 	

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 

Dated:                     ,
             
  

			
	 U.S. BANK NATIONAL ASSOCIATION,
 as
Trustee

		
	By:	 	 
		 	        Authorized Signatory

 [REVERSE OF NOTE] 

ONEOK, INC. 
 4.950%
Note due 2047 
 This security is one of a duly authorized issue of debt securities of the Company (the “Securities”), issued
and to be issued in one or more series under an Indenture, dated as of January 26, 2012, between the Company and U.S. Bank National Association, as Trustee (the “Trustee,” which term includes any successor trustee under the
Indenture), as amended and supplemented to date, including without limitation by the Fifth Supplemental Indenture thereto, dated July 13, 2017 among the Company, ONEOK Partners, L.P. and ONEOK Partners Intermediate Limited Partnership (each a
“Guarantor” and together, the “Guarantors”) and the Trustee, (such Indenture, as so amended and supplemented being referred to herein as the “Indenture”), , to which Indenture and all indentures
supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, obligations, duties and immunities thereunder of the Company, the Guarantors, the Trustee and the Holders of the Securities and of the
terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on the face hereof. The Securities of this series are referred to herein as the “Notes.” 

On or after January 13, 2047 (six months prior to the maturity date of the Notes), the Notes will be subject to redemption at any time at
the option of the Company, in whole or in part, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus any accrued and unpaid interest thereon to the applicable Redemption Date (subject to the right of holders
of record on the relevant record date to receive interest due on an Interest Payment Date that is on or prior to the Redemption Date).

Prior to January 13, 2047 (six months prior to the maturity date of the Notes), the Notes will be subject to redemption at the option of
the Company, in whole or in part, at any time and from time to time, at a redemption price equal to the greater of (i) 100% of the principal amount of the Notes; or (ii) as determined by a Quotation Agent, the sum of the present values of
the remaining scheduled payments of principal and interest on the Notes to be redeemed that would be due if the Notes matured on January 13, 2047 (not including any portion of those payments of interest accrued as of the date of redemption)
discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 35 basis points, plus, in the case of (i) and (ii), accrued but unpaid interest to the
Redemption Date. 
 Unless the Company defaults in payment of the redemption price, on and after the date of redemption, interest will cease
to accrue on this Note or the portions hereof called for redemption. 
 In the event of redemption of this Note in part only, a new Note or
Notes of like tenor for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof. 
 The
Indenture contains provisions for defeasance at any time of (1) the entire indebtedness of this Note or (2) certain restrictive covenants and Events of Default with respect to this Note, in each case upon compliance with certain conditions
set forth in the Indenture. 
 If an Event of Default with respect to the Notes shall occur and be continuing, the principal of the Notes
may be declared due and payable in the manner and with the effect provided in the Indenture. 
 The Guarantors fully, irrevocably,
unconditionally and absolutely guarantee the due and punctual payment of the principal of, and premium, if any, and interest on such Notes, and all other amounts due and payable under the Indenture and such Notes by the Company to the Trustee or
such Holders. 
 The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the
rights and obligations of the Company, the Guarantors and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company, the Guarantors and the Trustee with the consent of not less than the
Holders of a majority in principal amount of the Outstanding Securities of each series to be affected. The Indenture also contains provisions permitting the Holders of a majority in principal amount of the Outstanding Securities of each affected
series, on behalf of the Holders of all Securities of such series, to waive compliance by the Company and the Guarantors with certain provisions of the Indenture. The Indenture permits, with certain exceptions as therein provided, the Holders of a
majority in principal amount of 

 
Securities of any series then Outstanding to waive past defaults under the Indenture with respect to such series and their consequences. Any such consent or waiver by the Holder of this Note
shall be conclusive and binding upon such Holder and all holders of Notes of which this Note is a predecessor Note, whether or not notation of such consent or waiver is made upon this or any other Note. 

As provided in and subject to the provisions of the Indenture, the Holder of this Note shall not have the right to institute any action or
proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect to
the Notes, the Holders of not less than 25% in principal amount of the Notes at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of Default and offered the Trustee reasonable
indemnity against costs, expenses and liabilities to be incurred in compliance with such request and the Trustee shall not have received from the Holders of a majority in principal amount of Notes at the time Outstanding a direction inconsistent
with such request, and the Trustee shall have failed to institute any such proceeding for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Note for the
enforcement of any payment of principal hereof or any premium or interest hereon on or after the respective due dates expressed herein. 

No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Company,
which is absolute and unconditional, to pay the principal of and any premium and interest on this Note at the times, place(s) and rate, and in the currency, herein prescribed. 

[If a Global Security, insert—This Global Security or portion hereof may not be exchanged for definitive Securities of this series except
in the limited circumstances provided in the Indenture. 
 The holders of beneficial interests in this Global Security will not be entitled
to receive physical delivery of definitive Securities except as described in the Indenture and will not be considered the Holders thereof for any purpose under the Indenture.] 

[If a definitive Security, insert—As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this
Note is registerable in the Security Register, upon surrender of this Note for registration of transfer at the office or agency of the Company in The City of New York, or, subject to any laws or regulations applicable thereto and to the right of the
Company (limited as provided in the Indenture) to rescind the designation of any such transfer agent, at the offices of
                                 in the Borough of Manhattan, The City of New
York, and at such other offices or agencies as the Company may designate, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his
attorney duly authorized in writing, and thereupon one or more new Notes of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees.] 

The Notes are issuable only in registered form without coupons in denominations of $2,000 and any whole multiple of $1,000 in excess thereof.
As provided in the Indenture and subject to certain limitations therein set forth, Notes are exchangeable for a like aggregate principal amount of Notes and of like tenor of a different authorized denomination, as requested by the Holder
surrendering the same. 
 No service charge shall be made for any such registration of transfer or exchange, but the Company may require
payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 
 Prior to due presentment of
this Note for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Note is registered as the owner hereof for all purposes, whether or not this Note is overdue, and
neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 
 This Note shall be governed by and
construed in accordance with the laws of the State of New York. The Notes are subject to the provisions of the Trust Indenture Act that are required to be part of the Notes and shall, to the extent applicable, be governed by such provisions. 

All terms used in this Note which are defined in the Indenture shall have the meanings assigned to them in the Indenture. 

 [If a definitive Security, insert as a separate page— 

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto
                                 (Please Print or Typewrite Name and Address of
Assignee) the within instrument of ONEOK, INC. and does hereby irrevocably constitute and appoint
                                 Attorney to transfer said instrument on the books
of the within-named Company, with full power of substitution in the premises. 
 Please Insert Social Security or 

Other Identifying Number of Assignee: 
  

									
	 	  		 	 
				
	 Dated:
	 	  
	  		 	 
		 		  		 	 (Signature)
	 	

  

			
	 Signature Guarantee:
	 	  

		 	 (Participant in a Recognized Signature

Guaranty Medallion Program)

 NOTICE: The signature to this assignment must correspond with the name as written upon the face of the within
instrument in every particular, without alteration or enlargement or any change whatever.] 

 [If a Global Security, insert as a separate page— 

SCHEDULE OF INCREASES OR DECREASES 

IN GLOBAL SECURITY 
 The
following increases or decreases in this Global Security have been made: 
  

																	
	 

Date of Exchange
	  	Amount of
Decrease in
Principal
Amount of
this Global
Security	 	  	Amount of
Increase in
Principal Amount
of this 
Global Security	 	  	Principal Amount
of this Global
Security following
such decrease 
(or increase)	 	  	
Signature of
authorized officer
of Trustee
or Depositarywndw_ex101.htm

EXHIBIT 10.1

 

CONFIDENTIAL TREATMENT REQUEST-REDACTED COPY

 

CONFIDENTIAL PORTIONS OF THIS AGREEMENT HAVE BEEN OMITTED AND FILED 

SEPARATELY. THE REDACTED TERMS HAVE BEEN MARKED AT THE APPROPRIATE 

PLACE WITH FOUR ASTERISKS ****.

 

CONSULTING AGREEMENT

 

THIS CONSULTING AGREEMENT (this “Agreement”) is entered into as of July 7, 2017 (the “Effective Date”), by and between SolarWindow Technologies, Inc., a Nevada corporation (“WNDW”) and Thomas Means, a resident of the State of Ohio (“Means”). WNDW and Means may hereinafter be referred to individually as a “Party” and collectively as the “Parties.”

 

RECITALS

 

WHEREAS, WNDW is developing **** that include electricity-generating coatings for application to **** and **** (collectively, the “WNDW ****”);

 

WHEREAS, WNDW’s technologies are at a stage of development where **** is one of its near term goals;

 

WHEREAS, WNDW requires strategic partners who have the knowledge and capability to support the **** of WNDW’s technologies into ****;

 

WHEREAS, Means is able to help secure the partnerships required in order to enable such **** and otherwise assist WNDW in the **** of the WNDW ****; and

 

WHEREAS, the Parties have entered into a Non-Binding Memorandum of Understanding dated as of March 28, 2017 (the “MOU”), setting forth their understanding related to certain milestones and related compensation; and

 

WHEREAS, the MOU contemplates the Parties entering into this Agreement as the definitive agreement on the subject matter set forth in the MOU.

 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties hereby agree as follows:

 

	1.	ENGAGEMENT AS NON-EXCLUSIVE INDEPENDENT CONSULTANT

 

1.1 Engagement. WNDW hereby engages Means as an independent, non-exclusive consultant, and Means hereby agrees to accept such engagement, on the terms and conditions set forth in this Agreement.

 

	 
	1
	

 
	 

 

CONFIDENTIAL TREATMENT REQUEST-REDACTED COPY

 

CONFIDENTIAL PORTIONS OF THIS AGREEMENT HAVE BEEN OMITTED AND FILED 

SEPARATELY. THE REDACTED TERMS HAVE BEEN MARKED AT THE APPROPRIATE 

PLACE WITH FOUR ASTERISKS ****.

 

1.2 Term and Termination.

 

1.2.1 Term. This Agreement shall commence on the Effective Date and shall continue until terminated in accordance with Section 1.2.2 (the “Term”). 

 

1.2.2 Termination.

 

	
 
	(a)	Subject to the termination of this Agreement pursuant to Section 1.2.2(b), this Agreement will terminate automatically, without any further action of either of the Parties, at 12:00 am Eastern Time on the earlier to occur of (i) the 3-year anniversary of the Effective Date or (ii) on the **** Expiration Date (as defined below) if a **** (as defined in Section 2.5), in an amount and on terms as may be acceptable to WNDW in its sole discretion, is not consummated before the **** Expiration Date. For purposes of this Agreement, the term “**** Expiration Date” means the date which is **** days following the Effective Date.

 

	
 
	(b)	Either Party may terminate this Agreement for any reason or no reason by providing written notice specifying the date of termination of this Agreement (the “Specified Termination Date”) to the other Party (the “Termination Notice”) as follows:

 

(1) if the Termination Notice is delivered within **** months following the Effective Date, such Termination Notice must be delivered at least thirty (30) days prior to the Specified Termination Date;

 

(2) if the Termination Notice is delivered after **** months following the Effective Date but before the **** year anniversary of the Effective Date, such Termination Notice must be delivered at least forty-five (45) days prior to the Specified Termination Date;

 

(3) if the Termination Notice is delivered after **** year anniversary date of the Effective Date but before the **** month anniversary date of the Effective Date, such Termination Notice must be delivered at least sixty (60) days prior to the Specified Termination Date; and

 

(4) if the Termination Notice is delivered after the **** month anniversary date of the Effective Date such Termination Notice must be delivered at least seventy-five (75) days prior to the Specified Termination Date

 

1.2.3 Effect of Termination. In the event this Agreement is terminated pursuant to Section 1.2.2(a) or (b), except as otherwise specifically provided in this Agreement, the Parties respective rights and obligations under this Agreement shall cease (as of the Specified Termination Date.

 

1.3 Nature of Services. In connection with his engagement hereunder, Means will provide WNDW with the services described in Sections 2 and 3 of this Agreement and such other services as WNDW may reasonably request, from time to time (collectively, the “Services”), in order to achieve the Goals (as defined below). Means will perform such services in a diligent and workmanlike manner and in accordance with the schedule, if any, set forth in the Plan (as defined below). The content, style, form and format of any work product of the Services shall be completely satisfactory to WNDW and shall be consistent with WNDW’s standards.

 

	 
	2
	

 
	 

 

CONFIDENTIAL TREATMENT REQUEST-REDACTED COPY

 

CONFIDENTIAL PORTIONS OF THIS AGREEMENT HAVE BEEN OMITTED AND FILED 

SEPARATELY. THE REDACTED TERMS HAVE BEEN MARKED AT THE APPROPRIATE 

PLACE WITH FOUR ASTERISKS ****.

 

1.4 Compensation

 

Means’ compensation for the Services will be determined and paid pursuant to, and in accordance with the subsections, as applicable, of Section 2.6.

 

	2.	GOALS AND SERVICES; BEST EFFORTS

 

1. WNDW’s Goals. WNDW’s goals (each a “Goal” and collectively, the “Goals”) are to execute specific ****, ****, and **** and **** goals which are intended to **** WNDW and WNDW ****.

 

2. Purpose of Services. The Services to be provided by Means pursuant to this Agreement are intended to facilitate WNDW’s achievement of the Goals; without limiting the generality of the foregoing, Means will assist WNDW in with those matters specified in Sections 2.1, 2.2, 2.3, 2.4, 2.5 and Section 3.

 

2.1 **** Development. WNDW is seeking to **** with **** involved in **** in which the WNDW **** may be of ****, including, but not limited to: **** (each a “****”). In connection therewith, Means will be tasked with **** and ****, and if agreed to by WNDW, reaching out to such **** and introducing such ****. Means shall provide WNDW with all requested information regarding each ****. 

 

2.2 **** Support ****/****. WNDW is seeking to engage ****; and, in connection therewith, Means will assist WNDW in **** and/or ****, who substantially support ****. Such **** may include, but not be limited to (collectively, “****”):

 

(a) ****;

(b) ****;

(c) ****; and

(d) ****

 

Means will be tasked with **** having the **** and **** to **** WNDW and, if agreed to by WNDW, reaching out to such ****. Means shall provide WNDW with all requested information regarding **** including, but not limited to, ****.

 

2.3 ****. WNDW is seeking **** with **** that may be **** by WNDW for the **** of WNDW ****. In connection therewith, Means will assist WNDW with ****, as well as **** (each, a “****”) which include, but are not necessarily limited to:

 

(a) ****;

(b) ****;

(c) ****;

(d) ****;

(e) ****;

(f) ****;

(g) ****; and

(h) ****.

 

	 
	3
	

 
	 

 

CONFIDENTIAL TREATMENT REQUEST-REDACTED COPY

 

CONFIDENTIAL PORTIONS OF THIS AGREEMENT HAVE BEEN OMITTED AND FILED 

SEPARATELY. THE REDACTED TERMS HAVE BEEN MARKED AT THE APPROPRIATE 

PLACE WITH FOUR ASTERISKS ****.

 

Means will be tasked with ****’ and, if agreed to by WNDW, **** to such ****. Means shall provide WNDW with all requested information regarding ****. It is agreed and understood that nothing herein shall be deemed to require WNDW to enter into any agreement, arrangement or understanding with a ****.

 

2.4 ****. Means will assist WNDW in **** by no later than ****, which plan may from time to time be amended and updated (the “****”), based upon the following contemplated framework:

 

(a) During the period from the Effective Date through **** (the “Section 2.4(a)(i) ****”) the Parties will establish the **** used to achieve mutually defined **** for Section 2.4(a)(i) **** consistent with the following:

 

(i) WNDW, with the assistance of Means will strive to accomplish the following **** during the Section 2.4(a)(i) **** (collectively, the “Section 2.4 (a)(i) Goals”) :

 

1. ****;

2. ****;

3. ****;

4. ****;

5. ****; and

6. ****.

 

(ii) The parties understand that due to numerous factors, many of which are beyond the control of the Parties, WNDW **** may not be **** during the Section 2.4(a)(i) ****. Accordingly, at any time during the Section 2.4(a)(i) ****, either Party may request by written notice (the “Extension Request Notice”) to the other Party that this Agreement be amended so as to extend the Section 2.4(a)(i) **** to a date that is no later than **** (as so extended, the “Section 2.4(a)(i) ****”). The Extension Request Notice shall state the reasons for the requested extension and the requested date to which the Section 2.4(a)(i) **** should be extended. If the other party does not agree, in writing, to such request within 10 Business dates of its receipt of the Extension Request Notice, the Section 2.4(a)(i) ****.

 

(b) During the period from **** through **** (the “Section 2.4(b)(i) ****”) the Parties will establish the **** used to achieve mutually defined **** for Section 2.4(b)(i) **** as follows:

 

(i) during the Section 2.4(b)(i) ****, WNDW with the assistance of Means, will strive to achieve a **** WNDW ****, and in connection therewith, Means will assist WNDW to (collectively, the “Section 2.4 (b)(i) ****”):

 

1. ****;

2. ****;

3. ****;

 

	 
	4
	

 
	 

 

CONFIDENTIAL TREATMENT REQUEST-REDACTED COPY

 

CONFIDENTIAL PORTIONS OF THIS AGREEMENT HAVE BEEN OMITTED AND FILED 

SEPARATELY. THE REDACTED TERMS HAVE BEEN MARKED AT THE APPROPRIATE 

PLACE WITH FOUR ASTERISKS ****.

 

4. ****;

5. ****;

6. ****;

7. ****;

8. ****;

9. ****; and

10. ****.

 

(ii) If the Section 2.4(a)(i) **** is extended in accordance with Section 2.4(a)(ii), then the 2.4(b)(i) **** will be automatically extended for an equal amount of time.

 

2.5 Funding.

 

2.5.1 The Parties acknowledge and agree that in order for WNDW to be able to undertake the **** of the WNDW **** as contemplated herein, WNDW will need to **** (the “****) in the **** (the “Section 2.5.1 ****”). WNDW expects to **** no later than **** (the “****”).

 

2.5.2 Currently, WNDW expects to obtain **** from a ****, including but not limited to, (i) **** obtained through the **** (collectively, “****”) and (ii) **** not involving **** (collectively, “****”), in either case on terms and conditions acceptable to WNDW in its sole and absolute discretion.

 

2.5.3 Means will assist WNDW in **** the **** by helping to identify and locate, for contact by WNDW, **** and ****, who Means believes may have an ****.

 

2.5.4 In addition to his representations set forth in Section 5, Means further represents that he is not and is not required ****, as amended (the “****”). At no time will Means be expected to, or obligated to provide, nor will he provide any services which might otherwise be characterized as ****, **** or that may be otherwise subject to **** or otherwise requiring any **** of the Means under any Applicable Law, unless Means is so ****. Means also represents that he has not acted as a **** based in whole or in part on the ****. In connection with any **** that consists in whole or in part of a ****, Means will not:

 

(a) ****;

(b) ****,

(c) ****;

(d) ****;

(e) ****; and 

(f) ****. 

 

	 
	5
	

 
	 

 

CONFIDENTIAL TREATMENT REQUEST-REDACTED COPY

 

CONFIDENTIAL PORTIONS OF THIS AGREEMENT HAVE BEEN OMITTED AND FILED 

SEPARATELY. THE REDACTED TERMS HAVE BEEN MARKED AT THE APPROPRIATE 

PLACE WITH FOUR ASTERISKS ****.

 

2.6 ****.

 

As **** for the ****, WNDW will pay Means the following:

 

2.6.1 ****.

 

(a) Commencing on the date that WNDW ****, and continuing through the completion of the Section 2.4(a)(i) **** 2.4(b)(i) **** (the “****”), a **** (the “****”), by delivery of a **** to Means, which **** will be ****. 

 

(b) WNDW shall **** Means the **** within five (5) Business Days of the end of each month during ****; for purposes of this Agreement “Business Day” means any day or days during which commercial banks are open for business in the State of New York.

 

2.6.2 ****. 

 

(a) ****. Subject to the further provisions of this Agreement and together with the execution of this Agreement, WNDW shall **** Means an option (the “****”) to purchase up to an **** of WNDW’s **** (the “****”) at **** of WNDW’s stock on the ****, as determined by WNDW’s Board of Directors (“Board”). The **** is discretionary and dependent upon the ****. Generally, it is anticipated that the **** shall vest as follows:

 

	
 
	(i)	**** of Section 2.4(a)(i) **** with each individual Section 2.4(a)(i) **** allocated such portion thereof as may be determined by the Board in its sole and absolute discretion; such allocated **** upon the achievement of the associated Section 2.4(a)(i) ****;
	
 
	
 
	
 

	
 
	(ii)	an aggregate of up to **** are allocated to the achievement of the of Section 2.4(b)(i) **** with each individual Section 2.4(b)(i) **** allocated such portion thereof as may be determined by the Board in its sole and absolute discretion; such allocated **** upon the achievement Section 2.4(b)(i) ****; and
	
 
	
 
	
 

	
 
	(iii)	a number of ****, not to **** ****, will vest in such amount as may be determined by the Board, in its sole and absolute discretion, as an additional **** on the **** day following the ****, provided that this Agreement has not terminated.

 

(b) ****. All determinations regarding whether and when any of the ****, including without limitation any factors considered by the Board in determining **** pursuant to Section 2.6.2 (a) (iii) above, have been reached or achieved and **** allocable to such **** shall be made by WNDW in its sole and absolute discretion as determined by its Board.

 

(c) ****. The **** will have a term of **** subject to earlier termination as provided in the ****, as defined below (the “****”). Upon termination of this Agreement, the **** will terminate as to any **** and as to ****, the **** will terminate upon the earlier of the expiration of the **** or the date of **** of all of the ****.

 

	 
	6
	

 
	 

 

CONFIDENTIAL TREATMENT REQUEST-REDACTED COPY

 

CONFIDENTIAL PORTIONS OF THIS AGREEMENT HAVE BEEN OMITTED AND FILED 

SEPARATELY. THE REDACTED TERMS HAVE BEEN MARKED AT THE APPROPRIATE 

PLACE WITH FOUR ASTERISKS ****.

 

(d) ****. The **** will be evidenced by a **** to be entered into between WNDW and Means as of the Effective Date, in such form as WNDW deems appropriate, setting forth the terms set out in this Section 2.6.2 and such other terms and conditions, including, but not limited to, representations and warranties relating to the 1933 Act and the 1934 Act, as are customarily included in such agreements (the “****”).

 

(e) **** are ****. Means understands, acknowledges and agrees that:

 

	
 
	(i)	the **** under the United States Securities Act of 1933, as amended (the “1933 Act”) for resale;
	
 
	
 
	
 

	
 
	(ii)	as if and when issued the **** will be deemed **** as that term is defined in Rule 144 as promulgated by the U.S. Securities and Exchange Commission (the “SEC”) pursuant to the 1933 Act (“Rule 144”);
	
 
	
 
	
 

	
 
	(iii)	that such **** may not be **** unless such **** is effected pursuant to an **** under the 1933 Act with respect to such **** or an applicable exemption from the **** of the 1933 Act; and
	
 
	
 
	
 

	
 
	(iv)	the certificates representing the **** in a form that WNDW deems appropriate, reflecting the foregoing and Means shall be solely responsible for any and all costs associated with the ****, including but not limited to legal costs for rendering an **** and **** costs.
	
 
	
 
	
 

	
 
	(v)	the **** of the ****.

 

2.6.3 ****. Upon WNDW **** from which it receives from a **** in addition to the **** set forth in Sections 2.6.1 and 2.6.2 above, WNDW shall **** Means a **** (the “****”); The **** is ****, with the **** within **** of ****.

 

2.6.4 Expense Reimbursement. In addition to the above stated ****, Means shall be entitled to reimbursement for his pre-approved reasonable expenses incurred in the course of this Agreement. Means hereby agrees that he will not expend funds for any item he intends to request reimbursement for without first obtaining WNDW’s written consent. WNDW shall pay Means the undisputed amounts due pursuant to submitted reports and invoices within thirty (30) days of receipt thereof.

 

2.7 ****.

 

2.7.1 Means acknowledges and agrees that with respect to all or any portion of any **** required to be made to Means as a result of the **** him under this Agreement (other than the ****) through the ****, WNDW may, in its sole and absolute discretion, make and satisfy **** to Means, in **** (the “****”). Each **** shall consist of **** (the “****”) equal to quotient obtained by dividing (i) **** by (ii) **** (as defined below) (the “****”).

 

	 
	7
	

 
	 

 

CONFIDENTIAL TREATMENT REQUEST-REDACTED COPY

 

CONFIDENTIAL PORTIONS OF THIS AGREEMENT HAVE BEEN OMITTED AND FILED 

SEPARATELY. THE REDACTED TERMS HAVE BEEN MARKED AT THE APPROPRIATE 

PLACE WITH FOUR ASTERISKS ****.

 

2.7.2 If WNDW intends to **** then, no later than the date on which ****, WNDW shall forward Means a written notice delivered in accordance with Section XI (the “****”) setting forth **** to Means. WNDW shall forward or cause to be forwarded to Means a ****, evidence of delivery of ****, and/or other evidence of the **** to Means within five (5) Business Days of the ****.

 

2.7.3 Means understands, acknowledges, and represents, that:

 

	
 
	(i)	the **** will be issued in accordance with WNDW’s ****; accordingly no more than **** may be **** pursuant to the **** (the “****”) forming a part of WNDW’s **** on ****, **** (the “****”), unless Means is included as a **** therein.
	
 
	
 
	
 

	
 
	(ii)	WNDW agrees to **** to include **** on a periodic basis, as if and when the **** issued to Means hereunder reaches ****, and thereafter **** each time an additional **** to Means hereunder.
	
 
	
 
	
 

	
 
	(ii)	absent inclusion in the ****, as if and when issued, the **** will be **** as that term is defined in Rule 144 as promulgated under the 1933 Act and **** with Rule 144;
	
 
	
 
	
 

	
 
	(iv)	the **** representing the **** not included in the **** in a form that WNDW deems appropriate, reflecting the foregoing and Means shall be solely responsible for any and all costs associated with the ****, including but not limited to legal costs for ****.

 

2.8 No other Compensation. Except as set forth in Section 2, no other fees and/or expenses will be paid to Means, unless such fees and/or expenses have been approved in advance by the appropriate WNDW executive in writing.

 

	3.	ADDITIONAL ONGOING SERVICES

 

3.1. Additional Services to be Provided by Means. In addition to the Services to be provided by Means under Section 2 and in furtherance of WNDW ****, Means shall:

 

	
 
	(a)	provide to WNDW with ongoing **** support to assist with its advancement of WNDW and the WNDW ****, as well as support for the **** of other **** and/or ****.
	
 
	
 
	
 

	
 
	(b)	make available to WNDW product and customer testimonials, and other related materials. Such materials may be used by WNDW in public marketing. Means shall take such action as necessary to ensure WNDW receives permission for the use of such materials, including, but not limited to, written permission from customers, for the purposes of marketing and public relations.

 

	 
	8
	

 
	 

 

CONFIDENTIAL TREATMENT REQUEST-REDACTED COPY

 

CONFIDENTIAL PORTIONS OF THIS AGREEMENT HAVE BEEN OMITTED AND FILED 

SEPARATELY. THE REDACTED TERMS HAVE BEEN MARKED AT THE APPROPRIATE 

PLACE WITH FOUR ASTERISKS ****.

 

	
 
	(c)	provide to WNDW his public endorsement of WNDW ****. Means hereby agrees that such endorsement shall consist of his truthful and unbiased opinion regarding the WNDW ****, based upon his familiarity with the WNDW **** and other ****.
	
 
	
 
	
 

	
 
	(d)	participate in meetings to discuss progress and plan activities with WNDW management personnel.
	
 
	
 
	
 

	
 
	(e)	hereby grant WNDW the right, but not the obligation, to use Means’ name, voice, photograph, likeness and biographical information in connection with and related to the Services.

 

3.2 WNDW Information. WNDW shall provide Means with such information regarding the company and the WNDW Products at it deems necessary, in its sole and absolute discretion, to accomplish ****.

 

	4.	CONFIDENTIALITY

 

4.1 Mutual Confidentiality. In connection with this Agreement and solely for the purpose of achieving the Goals (the “Purpose”), either party (”Disclosing Party”) may disclose Confidential Information (as defined below) to the other party (”Recipient”). Recipient shall use the Confidential Information solely for the Purpose and, subject to Section 4.3, shall not disclose such Confidential Information other than to its, attorneys, accountants, and financial advisors (collectively, “Representatives”) who: (a) need access to such Confidential Information for the Purpose; (b) are informed of its confidential nature; and (c) are bound by confidentiality obligations no less protective of the Confidential Information than the terms contained herein. Recipient shall safeguard the Confidential Information from unauthorized use, access, or disclosure using no less than a commercially reasonable degree of care. Recipient will be responsible for any breach of this Agreement caused by its Representatives. Recipient agrees to notify Disclosing Party in writing within five Business Days of any misuse or misappropriation of the Confidential Information of Disclosing Party that may come to Recipient’s attention.

 

4.2 Confidential Information.

 

(a) For purposes of this Agreement “Confidential Information” means all non-public proprietary or confidential information, including, but not limited to, any trade secrets as defined under New York law or the federal Defend Trade Secrets Act, of Disclosing Party/relating to Disclosing Party’s Confidential Information, in oral, visual, written, electronic, or other tangible or intangible form, whether or not marked or designated as “confidential,” that, if disclosed in writing or other tangible form, is clearly labeled as “confidential,” or if disclosed orally, is identified as confidential when disclosed and within five Business Days thereafter, is summarized in writing and confirmed as confidential, and all notes, analyses, summaries, and other materials prepared by Recipient or any of its Representatives that contain, are based on, or otherwise reflect, to any degree, any of the foregoing (”Notes”); Confidential Information also includes (d) the facts that the parties are in discussions regarding the Purpose and that Confidential Information has been disclosed; (e) any terms, conditions, or arrangements discussed; and (f) as to WNDW, Confidential Information includes not only information disclosed by WNDW, but also information developed or learned by Means during Means' performance of the Services. WNDW Information is to be broadly defined and includes all information which has or could have commercial value or other utility in the business in which WNDW is engaged or contemplates engaging or the unauthorized disclosure of which could be detrimental to the interests of WNDW, whether or not such information is identified by WNDW. By way of example and without limitation, WNDW Information includes any and all information concerning discoveries, developments, designs, improvements, inventions, formulas, software programs, processes, techniques, know-how, data, research techniques, customer and supplier lists, marketing, sales or other financial or business information, scripts, and all derivatives, improvements and enhancements to any of the above. WNDW Information also includes like third-party information which is in WNDW's possession under an obligation of confidential treatment.

 

	 
	9
	

 
	 

 

CONFIDENTIAL TREATMENT REQUEST-REDACTED COPY

 

CONFIDENTIAL PORTIONS OF THIS AGREEMENT HAVE BEEN OMITTED AND FILED 

SEPARATELY. THE REDACTED TERMS HAVE BEEN MARKED AT THE APPROPRIATE 

PLACE WITH FOUR ASTERISKS ****.

 

(b) Anything in this Agreement to the contrary notwithstanding, Confidential Information does not include any information that: (i) is or becomes generally available to the public other than as a result of Recipient’s or its Representatives’ breach of this Agreement; (ii) is obtained by Recipient or its Representatives on a non-confidential basis from a third-party that, to Recipient’s knowledge, was not legally or contractually restricted from disclosing such information; (iii) Recipient establishes by documentary evidence, was in Recipient’s or its Representatives’ possession prior to Disclosing Party’s disclosure hereunder; or (iv) Recipient establishes by documentary evidence, was or is independently developed by Recipient or its Representatives without using any Confidential Information.

 

4.3 Permitted Disclosure. If Recipient or any of its Representatives is required by applicable law or a valid legal order to disclose any Confidential Information, Recipient shall notify Disclosing Party of such requirements so that Disclosing Party may seek, at Disclosing Party’s expense, a protective order or other remedy, and Recipient shall reasonably assist Disclosing Party therewith. If Recipient remains legally compelled to make such disclosure, it shall: (a) only disclose that portion of the Confidential Information that it is required to disclose; and (b) use reasonable efforts to ensure that such Confidential Information is afforded confidential treatment.

 

4.4 Return or Destruction of Confidential Information. On Disclosing Party’s request, Recipient shall, at Disclosing Party’s discretion, promptly return to Disclosing Party or destroy all Confidential Information in its and its Representatives’ possession other than Notes, and destroy all Notes, and, at Disclosing Party’s written request, certify in writing the destruction of such Confidential Information; provided, however, that Recipient may retain copies of Confidential Information that are stored on Recipient’s IT backup and disaster recovery systems until the ordinary course deletion thereof. Recipient shall continue to be bound by the terms and conditions of this Agreement with respect to such retained Confidential Information.

 

4.5 Ownership. Disclosing Party retains its entire right, title, and interest in and to all Confidential Information, and no disclosure of Confidential Information hereunder will be construed as a license, assignment or other transfer of any such right, title, and interest to Recipient or any other person.

 

4.6 Expiration of Rights. The rights and obligations of the parties under this Agreement expire 2 years after the termination of this Agreement; provided that with respect to Confidential Information that constitutes a trade secret under applicable law, such rights and obligations will survive such expiration until, if ever, such Confidential Information loses its trade secret protection other than due to an act or omission of Recipient or its Representatives.

 

	 
	10
	

 
	 

 

CONFIDENTIAL TREATMENT REQUEST-REDACTED COPY

 

CONFIDENTIAL PORTIONS OF THIS AGREEMENT HAVE BEEN OMITTED AND FILED 

SEPARATELY. THE REDACTED TERMS HAVE BEEN MARKED AT THE APPROPRIATE 

PLACE WITH FOUR ASTERISKS ****.

 

4.7. Relief for Breach. Recipient acknowledges and agrees that any breach of this Agreement will cause irreparable harm and injury to Disclosing Party for which money damages would be an inadequate remedy and that, in addition to remedies at law, Disclosing Party is entitled to equitable relief as a remedy for any such breach or potential breach, including without limitation, injunctive relief without the posting of bond or other security. Recipient waives any claim or defense that Disclosing Party has an adequate remedy at law in any such proceeding. Nothing herein shall limit the equitable or available remedies at law for Disclosing Party.

 

	5.	REPRESENTATIONS OF Means

 

Means hereby represents and warrants to WNDW as follows:

 

5.1 Authority. Means has the right, power, capacity and authority to enter into this Agreement and to fully perform all of his obligations hereunder and when executed and delivered this Agreement will constitute a valid and binding obligation of Means enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, and similar laws affecting creditors’ rights generally and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity).

 

5.2 No Violation. Means’ entry into this Agreement will not violate any other agreement, whether written or oral, to which Means is a party and shall not interfere with Means’ current employment.

 

5.3 Necessary Skills and Experience. Means has the requisite skill and knowledge to perform the **** set forth in this Agreement.

 

	6.	REPRESENTATIONS OF WNDW

 

WNDW hereby represents and warrants to Means as follows:

 

6.1 Due Organization and Authority. WNDW is a corporation duly organized and is validly existing under the laws of the State of Nevada and has all requisite power and authority to enter into this Agreement.

 

6.2 No Violation. The execution, delivery and performance of this Agreement has been duly and validly authorized and when executed and delivered this Agreement will constitute a valid and binding obligation of WNDW, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, and similar laws affecting creditors’ rights generally and subject, as to enforceability, to general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity).

 

	 
	11
	

 
	 

 

CONFIDENTIAL TREATMENT REQUEST-REDACTED COPY

 

CONFIDENTIAL PORTIONS OF THIS AGREEMENT HAVE BEEN OMITTED AND FILED 

SEPARATELY. THE REDACTED TERMS HAVE BEEN MARKED AT THE APPROPRIATE 

PLACE WITH FOUR ASTERISKS ****.

 

	7.	INDEPENDENT CONTRACTOR; NO AUTHORITY TO BIND

 

7.1 Independent Contractor; No Employee/Employer Relationship. This Agreement does not create a principal or agent, employer or employee partnership, joint venture, or any other relationship except that of independent contractors between the Parties. Nothing contained herein shall be construed to create or imply a joint venture, principal and agent, employer or employee, partnership, or any other relationship except that of independent contractors between the Parties, and neither Party shall have any right, power or authority to create any obligation, express or implied, on behalf of the other in connection with the performance hereunder. Furthermore, nothing in this Agreement shall be deemed to grant Means any form of exclusivity and WNDW will be entitled to act independent, or to retain the services of others, for the purposes of achieving the Goals or otherwise.

 

7.2 No Authority to Bind WNDW. Notwithstanding anything herein to the contrary, Means shall not represent to any ****, **** or **** that he has the ability or authority to negotiate the terms and conditions of, or to bind WDWN to, any proposed agreement between WNDW and any such **** or ****; or, to bind WNDW to any agreement and shall not reach out to any of the foregoing on behalf of WNDW without the written consent of WNDW. Entering into an agreement, and the terms and conditions of such agreements, with any person or entity identified by Means shall be in the sole and absolute discretion of WNDW.

 

7.3 No Withholdings. It is understood WNDW will not withhold any amounts for payment of taxes from the compensation of Means hereunder. It is solely the responsibility of Means to comply with any obligations towards tax authorities, which may result from this Agreement and Means shall indemnify WNDW, and hold WNDW harmless from, any taxes, social security contributions, costs, penalties, losses, claims, fees, interest or liabilities regarding the potential tax and social security consequences resulting from Means’ failure to comply with this Section 7.3.

 

	 
	12
	

 
	 

 

CONFIDENTIAL TREATMENT REQUEST-REDACTED COPY

 

CONFIDENTIAL PORTIONS OF THIS AGREEMENT HAVE BEEN OMITTED AND FILED 

SEPARATELY. THE REDACTED TERMS HAVE BEEN MARKED AT THE APPROPRIATE 

PLACE WITH FOUR ASTERISKS ****.

 

	8.	TRADING IN WNDW COMMON STOCK 

 

Means acknowledges that WNDW is a U.S. “public” company with its common stock currently quoted for trading on the OTC Markets Group Inc. QB. As WNDW’s independent contractor, Means acknowledges that he may have access to certain material, non-public information of WNDW that, if used in connection with any transaction in WNDW’s securities, could constitute a violation of the securities laws of the United States. As such, Means agrees that he shall not engage, directly or indirectly, in any transactions in WNDW’s common stock on the basis of any such information, including, but not limited to, providing any other individual with such information. Additionally, Means acknowledges and agrees that in order to sell any of WNDW’s securities he owns he may be required to enter into an insider trading plan that complies with the requirements of, among others, Rule 10b-1 of the Securities Act. Without limiting the foregoing, Means agrees that during the term of this Agreement he will not, and will not direct any broker, dealer or other individual on his behalf, to engage in any transactions related to WNDW’s securities except in compliance with such laws.

 

	9.	INTELLECTUAL PROPERTY RIGHTS AND ASSIGNMENT

 

9.1 Inventions. As used in this Agreement, the term “Inventions” means discoveries, developments, concepts, designs, ideas, know how, improvements, inventions, trade secrets and/or original works of authorship, whether or not patentable, copyrightable or otherwise legally protectable, including, but not limited to, any new product, machine, article of manufacture, method, procedure, process, technique, use, equipment, device, apparatus, system, compound, formulation, composition of matter, design or configuration of any kind, or any improvement thereon. The term “WNDW Inventions” means any and all Inventions that Means may solely or jointly with others author, discover, develop, conceive, or reduce to practice in connection with, or that relate to or result from WNDW Business, work, research, investigations, products, or services of WNDW, or that result to any extent from use of WNDW’s premises or property, except as otherwise provided below. “WNDW Business” means WNDW’s business activities and operations as conducted during the term of this Agreement, together with all services provided or planned by WNDW during Means’ relationship with WNDW. The WNDW Business may change from time to time.

 

9.2 Disclosure of WNDW Inventions. Means agree to promptly disclose to WNDW in writing any and all WNDW Inventions. Means specifically acknowledges that his engagement as an independent consultant includes the invention by him of any WNDW Inventions described in this Section 9. Means acknowledges and agrees that WNDW is the sole owner of any and all property rights in all WNDW Inventions, including, but not limited to, the right to use, sell, license, or otherwise transfer or exploit the Inventions and the right to make such changes to them or to the uses thereof as WNDW may from time to time determine.

 

	 
	13
	

 
	 

 

CONFIDENTIAL TREATMENT REQUEST-REDACTED COPY

 

CONFIDENTIAL PORTIONS OF THIS AGREEMENT HAVE BEEN OMITTED AND FILED 

SEPARATELY. THE REDACTED TERMS HAVE BEEN MARKED AT THE APPROPRIATE 

PLACE WITH FOUR ASTERISKS ****.

 

9.3 Prior Knowledge and Relationships.

 

9.3.1 Prior Inventions and Innovations. Means has disclosed on Exhibit A, a complete list of all inventions or innovations made by Means prior to commencement of the Services for WNDW and which Means desires to exclude from the application of this Agreement. Means will disclose to WNDW such additional information as WNDW may request regarding such inventions or innovations to enable WNDW to assess their extent and significance. WNDW agrees to receive and hold all such disclosures in confidence.

 

9.3.2 Other Commitments. Except as disclosed on Exhibit A to this Agreement, Means has no other agreements, relationships or commitments to any other person or entity which conflict with Means obligations to WNDW under this Agreement. Means agrees not to enter into any agreement, either written or oral, in conflict with this Agreement.

 

9.4 Assignment of Inventions.

 

9.4.1 Means hereby assigns to WNDW, or its designee(s), and Means agree that he will promptly make full written disclosure to WNDW of and to hold in trust for the sole right and benefit of WNDW, all his right, title and interest throughout the world in and to any and all WNDW Inventions and all patent, copyright, trademark, trade secret and other intellectual property rights therein. Means hereby waiver and irrevocably quitclaims to WNDW or its designee(s) any and all claims, of any nature whatsoever, that Means now has or may hereafter have for infringement of any and all WNDW Inventions. Any assignment of WNDW Inventions includes all rights of attribution, paternity, integrity, modification, disclosure and withdrawal, and any other rights throughout the world that may be known as or referred to as “moral rights,” “artist’s rights,” “droit moral,” or the like (collectively, “Moral Rights”). To the extent that Moral Rights cannot be assigned under applicable law, Means hereby waives and agrees not to enforce any and all Moral Rights, including, without limitation, any limitation on subsequent modification, to the extent permitted under applicable law.

 

9.4.2 Subject to the requirements of applicable state law, if any, Means understands that WNDW Inventions will not include, and the provisions of this Agreement requiring assignment of inventions to WNDW do not apply to, any invention which qualifies fully for exclusion under the provisions of applicable state law, if any. In order to assist in the determination of which inventions qualify for such exclusion, Means will advise WNDW promptly in writing, during and for a period of twelve (12) months immediately following the termination of this Agreement, of all Inventions solely or jointly conceived or developed or reduced to practice by Means or as a result of, the services performed for WNDW during the Term (as defined below).

 

9.4.3 Power of Attorney. Means hereby irrevocably designates and appoints each of WNDW and its Secretary as Means agent and attorney‐in‐fact, to act for and in Means' behalf and stead, for the limited purpose of executing and filing any such document and doing all other lawfully permitted acts to further the prosecution, issuance and enforcement of patents, copyrights or other protections which employ or are based on Innovations with the same force and effect as if executed and delivered by Means.

 

	 
	14
	

 
	 

 

CONFIDENTIAL TREATMENT REQUEST-REDACTED COPY

 

CONFIDENTIAL PORTIONS OF THIS AGREEMENT HAVE BEEN OMITTED AND FILED 

SEPARATELY. THE REDACTED TERMS HAVE BEEN MARKED AT THE APPROPRIATE 

PLACE WITH FOUR ASTERISKS ****.

 

	10.	NON-COMPETITION; NON-SOLICITATION AND NON-CIRCUMVENTION.

 

10.1 Non-Competition. Except as authorized by the Board, during the term of this Agreement and for a period of twelve (12) months thereafter, Means will not (except as an officer, director, stockholder, employee, agent or consultant of WNDW or any subsidiary or affiliate thereof) either directly or indirectly, whether or not for consideration, (i) in any way, directly or indirectly, solicit, divert, or take away the business of any person who is or was a customer of WNDW, or in any manner influence such person to cease doing business in part or in whole with WNDW; (ii) engage in a Competing Business (as defined below; or (iii) engage in any practice the purpose or effect of which is to intentionally evade the provisions of this covenant. For purposes of this section, “Competing Business” means any Person which is engaged directly or indirectly in any business competing with WNDW’s Building Integrated Organic Photovoltaic business as then carried on or planned to be carried on (if such plans were developed during the Term) by WNDW or any of its subsidiaries or affiliates.

 

10.2 Non-Solicitation. During the Term and for a period of nine (9) months following the termination of this Agreement, Means will not directly or indirectly, whether for his account or for the account of any other individual or entity, solicit or canvas the trade, business or patronage of, or sell to, any individuals or entities that were or are customers of WNDW during the term of this Agreement, or prospective customers with respect to whom a sales effort, presentation or proposal was made by WNDW or its affiliates which are Competing Businesses with the Company, during the one year period prior to the termination of this Agreement. 

 

10.3 Reasonableness of Restrictions. Means hereby acknowledges that this provision is reasonable and necessary for the proper protection of the business, property and goodwill of WNDW and WNDW’s Business and is a material inducement for WNDW entering into this Agreement.

 

	11.	NOTICES

 

All notices, demands or requests made pursuant to, under or by virtue of this Agreement must be in writing and sent to the party to which the notice, demand or request is being made by (i) certified mail, return receipt requested; (ii) nationally recognized overnight courier delivery; (iii) by facsimile transmission provided confirmation of transmission is mechanically or electronically generated and kept on file by the sending party; (v) by email at the email address set forth below, provided confirmation of receipt is received and kept on file by the sending party; or (v) hand delivery as follows:

 

To WNDW:

 

SolarWindow Technologies, Inc.

10632 Little Patuxent Parkway,

Suite 406

Columbia, MD 21044

Phone: (301) 579-5053

Attention: John Conklin

Email: john@solarwindow.com

Facsimile: (607) 348-1417

 

	 
	15
	

 
	 

 

CONFIDENTIAL TREATMENT REQUEST-REDACTED COPY

 

CONFIDENTIAL PORTIONS OF THIS AGREEMENT HAVE BEEN OMITTED AND FILED 

SEPARATELY. THE REDACTED TERMS HAVE BEEN MARKED AT THE APPROPRIATE 

PLACE WITH FOUR ASTERISKS ****.

 

To Means:

 

1301 Dublin Road

Columbus, OH 43215

Phone: (330) 760-6364

Attention: Andy Bittner

Email: abittner@customledsystems.com

 

	12.	INDEMNIFICATION

 

12.1 Indemnification by WNDW. WNDW shall indemnify, defend and hold harmless Means from any damages, loss, injury, death, costs, fees or expenses which arise from, or are alleged to have arisen from, any claim, lawsuit or other action by a third party, resulting from violation or breach by WNDW of any term of this Agreement or of any statute, law or regulation governing WNDW.

 

12.2 Indemnification by Means Means shall indemnify, defend and hold harmless, WNDW and its officers, directors, counsel and other affiliates from any damages, loss, injury, death, costs, fees or expenses which arise from, or are alleged to have arisen from any claim, lawsuit or other action by a third party, resulting from violation or breach by Means of any term of this Agreement or of any statute, law or regulation governing the services provided by Means pursuant to this Agreement.

 

12.3 Limitation on Indemnification. Indemnification hereunder shall not apply to the extent any liability, damage, loss or expense is attributable to any negligent or wrongful act or omission, or willful malfeasance, by the party claiming indemnification. Under no circumstances will a Party be liable for consequential, special or indirect damages of the other Party. It shall be a condition precedent to the indemnifying Party’s obligations hereunder that (a)the Party claiming indemnification immediately notifies the other Party of any risk or possible damage once the Party claiming indemnification is aware of the same, (b) that the Party claiming indemnification permits the indemnifying Party to exercise control over the defense thereof, and (c) that the Party claiming indemnification cooperates fully in connection with such defense.

 

	13.	MISCELLANEOUS

 

13.1 Entire Agreement. This Agreement sets forth the entire understanding with respect to the subject matter hereof and supersedes all existing agreements, whether written or oral, between the Parties, including, but not limited to, the MOU, and may be modified only by a written instrument duly executed by each of the Parties.

 

13.2 Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon WNDW and its successors and assigns. In view of the personal nature of the services to be performed under this Agreement by Means, Means shall not have the right to assign or transfer any of his rights, obligations or benefits under this Agreement, except with the written consent of WNDW, such consent shall be in WNDW’s sole and absolute discretion.

 

	 
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CONFIDENTIAL TREATMENT REQUEST-REDACTED COPY

 

CONFIDENTIAL PORTIONS OF THIS AGREEMENT HAVE BEEN OMITTED AND FILED 

SEPARATELY. THE REDACTED TERMS HAVE BEEN MARKED AT THE APPROPRIATE 

PLACE WITH FOUR ASTERISKS ****.

 

13.3 Severability. Any term or provision of this Agreement that is invalid or unenforceable in any situation in any jurisdiction shall not affect the validity or enforceability of the remaining terms and provisions hereof or the validity or enforceability of the offending term or provision in any other situation or in any other jurisdiction. If the final judgment of a court of competent jurisdiction declares that any term or provision hereof is invalid or unenforceable, the parties hereto agree that the court making such determination shall have the power to limit the term or provision, to delete specific words or phrases, or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision, and this Agreement shall be enforceable as so modified. In the event such court does not exercise the power granted to it in the prior sentence, the parties hereto agree to replace such invalid or unenforceable term or provision with a valid and enforceable term or provision that will achieve, to the extent possible, the economic, business and other purposes of such invalid or unenforceable term.

 

13.4 Waivers. Any waiver by either Party of a breach of any provision of this Agreement shall not operate as or be construed to be a waiver of any other breach of such provision or of any breach of any other provision of this Agreement. The failure of a Party to insist upon strict adherence to any term of this Agreement on one or more occasions shall not be considered a waiver or deprive that Party of the right thereafter to insist upon strict adherence to that term or any other term of this Agreement. Any waiver of a breach of any provision hereof must be in writing.

 

13.5 Construction. The Parties have participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by WNDW and Means and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any of the provisions of this Agreement. Any reference to any federal, state, local, or foreign statute or law shall be deemed also to refer to all rules and regulations promulgated thereunder, unless the context requires otherwise. The word “including” shall mean including without limitation. Whenever the context may require, any pronouns used in this Agreement shall include the corresponding masculine, feminine or neuter forms, and the singular forms of nouns and pronouns shall include the plural, and vice versa. The headings in this Agreement are solely for the convenience of reference and shall be given no effect in the construction or interpretation of this Agreement. Section references are to sections of this Agreement unless otherwise specified.

 

13.6 Counterparts; Delivery by Email or Facsimile. 

 

13.6.1 This Agreement may be executed in one or more counterparts, all of which shall be considered one and the same agreement, and shall become effective when one or more counterparts have been signed by WNDW and Means and delivered to the other, it being understood that WNDW and Means need not sign the same counterpart. This Agreement may be executed by facsimile or email signature and a facsimile or email signature shall constitute an original for all purposes.

 

13.6.2 This Agreement, the agreements referred to herein, and each other agreement or instrument entered into in connection herewith or therewith or contemplated hereby or thereby, and any amendments hereto or thereto, to the extent signed and delivered by means of a facsimile machine or email, shall be treated in all manner and respects as an original agreement or instrument and shall be considered to have the same binding legal effect as if it were the original signed version thereof delivered in person. At the request of a Party hereto or to any such agreement or instrument, each other Party hereto or thereto shall re-execute original forms thereof and deliver them to all other parties. No Party hereto or to any such agreement or instrument shall raise the use of a facsimile machine or email to deliver a signature or the fact that any signature or agreement or instrument was transmitted or communicated through the use of a facsimile machine or email as a defense to the formation or enforceability of a contract and each such Party forever waives any such defense.

 

	 
	17
	

 
	 

 

CONFIDENTIAL TREATMENT REQUEST-REDACTED COPY

 

CONFIDENTIAL PORTIONS OF THIS AGREEMENT HAVE BEEN OMITTED AND FILED 

SEPARATELY. THE REDACTED TERMS HAVE BEEN MARKED AT THE APPROPRIATE 

PLACE WITH FOUR ASTERISKS ****.

 

13.7 Further Assurances. The Parties will execute such further instruments and take such further actions as may be reasonably necessary to carry out the intent of this Agreement.

 

13.8 Arbitration. By signing this Agreement, the Parties agree that any controversy or claim arising will be resolved by binding arbitration. Binding arbitration will be conducted by a panel of three arbitrators, selected from the American Arbitration Association National Panel of Commercial Arbitrators. The arbitration shall be conducted in accordance with the Commercial Arbitration Rules of the American Arbitration Association. The arbitrator’s decision will be final and non-appealable and may be entered in any court having jurisdiction. Unless and until the arbitrators decide that one Party is to pay for all (or a share) of the arbitrators’ fees and expenses, both Parties shall share equally in the payment of the arbitrators’ fees as and when billed by the arbitrators. The arbitration will be held in New York, New York unless the Parties mutually agree in writing to another place.

 

13.9 No Obligation to Consummate Transactions.

 

13.9.1 Nothing in this Agreement shall be deemed to require WNDW to undertake obligation, enter into any agreement or otherwise consummate any transaction contemplated by this Agreement, including, without limitation (i) the entry into any agreement, arrangement or understanding with a ****, (ii) the ****, in any capacity, any ****, (iii) the entry into any agreement, arrangement or understanding with ****, or (iv) entry into any agreement, arrangement or understanding with respect to a **** (collectively, “****”).

 

13.9.2 It is agreed that Means has no rights or claims for damages, loss or other liability against WNDW as a result of WNDW’s refusal or failure, for any reason or no reason whatsoever, to enter into or to otherwise consummate any Contemplated Transactions. 

 

13.10 Survival of Certain Provisions. Notwithstanding anything to the contrary contained herein, if this Agreement is terminated the provisions of Sections 4, 5, 7, 8, 9, 10, 11, 12, and 13 of this Agreement shall survive such termination of this Agreement for any reason, or no reason, whatsoever, and continue in full force and effect.

 

13.11 Governing Law. All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by the internal laws of the New York without giving effect to any choice of law or conflict of law provision or rule (whether of the State of New York or any other jurisdictions) that would cause the application of the laws of any jurisdictions other than the State of New York.

 

[SIGNATURE PAGE FOLLOWS]

 

	 
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CONFIDENTIAL TREATMENT REQUEST-REDACTED COPY

 

CONFIDENTIAL PORTIONS OF THIS AGREEMENT HAVE BEEN OMITTED AND FILED 

SEPARATELY. THE REDACTED TERMS HAVE BEEN MARKED AT THE APPROPRIATE 

PLACE WITH FOUR ASTERISKS ****.

 

IN WITNESS WHEREOF, the Parties have executed this Consulting Agreement as of the date first written above.

 

	
WNDW

 

SolarWindow Technologies, Inc. 
	 	
Means
	 
	
 
	
 
	
 
	
 
	
 
	
 

	
 
	
 
	
 
	
 
	
 
	
 

	
By:
		 	By:		 
	
Name: 
	John Conklin 	 	Name:	
Thomas Means
	 
	
Title:
	President & CEO 	 	 		 

 

	
19

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