Document:

Exhibit 10.5

 

FOURTH
AMENDMENT TO

TRADEMARK
LICENSE AGREEMENT

 

This
FOURTH AMENDMENT TO TRADEMARK LICENSE AGREEMENT (“Amendment”) is made this ____ day of May, 2019 by and between SQL Lighting & Fans, LLC, a limited liability company with a place of business at 4400 North Point Parkway, Suite 265, Alpharetta, GA 30022, (“Licensee”)
and GE Trademark Licensing, Inc., a Delaware corporation with a place of business at 1 Research Circle, Niskayuna, NY 12309, (“GE”)
with reference to the following background:

 

A.
GE and Licensee entered into an agreement entitled TRADEMARK LICENSE AGREEMENT, dated June 15, 2011, pursuant to which GE granted to
Licensee a license to use the GE monogram logo and certain other trademarks as provided therein (“Agreement”).

 

B.
GE and Licensee executed the FIRST AMENDMENT TO TRADEMARK LICENSE AGREEMENT, dated April 17, 2013, pursuant to which the Parties amended
Sections 3.3, 4.1, 8.2, and Attachment 1 of the Agreement.

 

C.
GE and Licensee executed the “SECOND AMENDMENT TO TRADEMARK LICENSE AGREEMENT”, dated August 13, 2014, pursuant to which
the parties amended Sections 1.4, 1.6, 3.3, and 4.1 of the Agreement.

 

D.
GE and Licensee executed the “THIRD AMENDMENT TO TRADEMARK LICENSE AGREEMENT”, dated September 25, 2018, pursuant to which
the parties amended Sections 1.4, 1.6, 1.24, 3.3, 4.1 and Attachment 2 of the Agreement.

 

D.
GE and Licensee desire by this agreement entitled FOURTH AMENDMENT TO TRADEMARK LICENSE AGREEMENT (“Amendment”) to amend
the Agreement as hereinafter provided.

 

NOW,
THEREFORE, in consideration of the mutual promises contained herein, the parties hereby agree as follows:

 

1.
Capitalized terms used in this Amendment shall have the meanings given to such terms in the Agreement.

 

2.
Section 1.22 of the Agreement is hereby deleted in its entirety and is replaced and superseded by the following text:

 

1.22
“Replacement Part(s)”” means a replacement part specifically designed for any part of a Licensed Product, including
replacement remote control devices used solely to control the Licensed Product.

 

3.
The modifications to the Agreement set forth in this Amendment shall be effective as of the date first above written (“Effective
Date”).

 

4.
Except as expressly modified by this Amendment, all of the terms and conditions of the Agreement, including its appendices, remain in
full force and effect.

 

    	1

     

    

 

IN
WITNESS WHEREOF, GE and Licensee have caused this Amendment to be executed by their duly authorized representatives as of the date first
above written.

 

	“LICENSEE”	 	“GE”
	SQL
    LIGHTING & FANS, LLC	 	GE TRADEMARK LICENSING, INC.
	 	 	 	 	 
	By:	/s/
    John P. Campi	 	By:
	          
	Name:	John
    P. Campi	 	Name:
    	
	Title:	CEO	 	Title:
    	
	Date:	8/27/2019	 	Date:
    	

 

    	2Exhibit 10.6

 

GE
Licensing

 

Jean
K. Testa

Associate
General Counsel

1
Research Circle

Niskayuna,
NY 12309

T
[*]

[*]

 

December
1, 2020

 

VIA
EMAIL

 

John
P. Campi

Chief
Executive Officer

Sky
Technologies

4400
North Point Pkwy., Ste.265

Alpharetta,
GA 30022

Email:
[*]

 

Re:
Re-Payment Plan for Trademark License Agreement Number between SQL Lighting & Fans, LLC (“SQL”) and GE Trademark Licensing,
Inc. (“GE”), dated June 15, 2011 and all subsequent amendments (“the Agreement”)

 

Dear
John:

 

This
letter serves to memorialize GE’s and SQL’s discussions and mutual agreement related to a repayment plan for SQL’s
overdue and outstanding royalties owed under Section 3.3 of the Agreement. Both parties acknowledge that SQL’s royalty payment
obligation is $4.4M owed in accordance with table in Section 3.3 plus interest of $0.7M, as calculated in accordance with Section 8.4.
These amounts are not in dispute.

 

GE
and SQL acknowledge that SQL has undergone a significant shift in market strategy and products, and GE is willing to accept this repayment
plan to remedy any outstanding royalties as well as to restructure any future royalties owed. The parties acknowledge GE will not exercise
its rights under the Agreement at this time, including termination under Section 20.1 and cessation of use of the GE trademark under
Section 20.10 provided SQL undertakes this repayment plan. However, GE reserves its rights, and all other rights afforded to GE under
the Agreement and at law, if SQL does not comply with the below repayment plan on a timely basis.

 

GE
is willing to offer the following terms to restructure and repay the amount owed, and subject to the Contingency Payments below:

 

	Period	 	Quarterly Amount	 	 	Total Year Amount	 
	November 2020 - December 2020	 	$	100,000	 	 	$	100,000	 
	January 2021- December 2021	 	$	125,000	 	 	$	500,000	 
	January 2022- December 2022	 	$	300,000	 	 	$	1,200,000	 
	January 2023- December 2023	 	$	825,000	 	 	$	3,300,000	 

 

Payment
Due Dates: The Quarterly Amount due in 2020 is due December 7, 2020. All subsequent Quarterly Amounts are due as follows: March
26 (first quarter), June 26 (second quarter), October 26 (third quarter) and December 26 (fourth quarter).

 

Contingency
Payments: The repayment plan above assumes SQL does not receive any funding rounds. In the event SQL receives significant funding
rounds of at least $50MM (fifty million dollars) after the date of this letter, SQL agrees to use a portion of such funding towards paying
aged amounts of $2.4MM first and any excess amounts received shall be will be deducted from the later payments due under of the repayment
plan.

 

    	 

     

    

 

Example:
If SQL received funding in year 2021 in the amount of $50MM, SQL is obligated to pay GE the aged amount of $2.4M upon receipt of funding
and the amount due in 2023 shall reflect this payment and only $900,000 will be due in 2023 (in 4 equal quarterly payments of $225,000).

 

Consequences
for late payments: SQL’s failure to make timely payments under this repayment plan will result in a breach of contract
and a demand notice for payment will be sent by GE. In the event that SQL does not pay the scheduled amount within 30 business days of
notice, GE will be entitled to activate the termination-process per Section 20.1 of the agreement.

 

This
Letter Agreement has been sent via email in accordance with Section 11.1 (c) of the agreement, will be considered confirmed as received
with no-bounce back and a follow-up telephone call. Kindly promptly confirm receipt and call Tom Buccellato at [*] to confirm by phone.

 

If
SQL this repayment plan acceptable, please provide your written approval by signing below and return to me by email.

 

Any
further notices under the Agreement should be directed to:

 

General
Electric Company

Attn:
GE Licensing Associate General Counsel

1
Research Circle

Niskayuna,
NY 12309

Email:
[*]

 

Respectfully
submitted,

 

Jean
K. Testa

 

AGREED
TO:

 

	 	By:	/s/
    John Campi	 
	 	Title:
    	CEO	 

 

    	2Exhibit
10.7

 

CERTAIN
CONFIDENTIAL INFORMATION CONTAINED IN THIS EXHIBIT, MARKED BY “[***]”, HAS BEEN OMITTED FROM THIS EXHIBIT BECAUSE IT IS BOTH
(I) NOT MATERIAL AND (II) IS THE TYPE THE COMPANY TREATS AS PRIVATE OR CONFIDENTIAL.

 

 

 

 

 

 

 

 

 

 

 

 

 

Master
Services Agreement

 

 

 

 

 

GE
Technology Development, Inc. 

 

 

 

 

 

and

 

 

 

 

 

 

SKY
Technology, LLC

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 

     

    

 

MASTER
SERVICES AGREEMENT

 

This
Master Services Agreement (“Agreement”) is entered into on June 14, 2019 (“Effective Date”) by
GE Technology Development, Inc., a subsidiary of the General Electric Company and a corporation organized under Delaware State law, acting
through its GE Licensing business unit (“Company” or “GE”), and SKY Technology, LLC (“SQL”
and, together with the Company, “Parties”).

 

WHEREAS,
SQL owns valuable technology and Intellectual Property (as defined below) in connection standard and smart electrical products including
lighting and other products and connectors which are safe and easy to install and use;

 

WHEREAS,
the Company leverages industry leading technology commercialization approaches to unlock value and accelerate growth by monetizing technologies
and intellectual property through new business models into existing, adjacent or new markets;

 

WHEREAS,
the Parties desire to enter into this Agreement to collaborate to identify, develop, and monetize technologies and intellectual property
globally.

 

The
Parties hereby agree as follows:

 

	1)	Definitions.
    The following terms in this Agreement have the following meanings:

 

	 	a)	“Account
    Manager” means a Company representative for a respective Candidate or Program.
	 	 	 
	 	b)	“Business
    Champion” means an SQL representative for a respective Candidate or Program
	 	 	 
	 	c)	“Candidate”
    means an Intellectual Property or other licensing or technology commercialization opportunity that has been approved by SQL and
    that the Company intends to pursue.
	 	 	 
	 	d)	“Earned
    Revenue” means all payments, including all license fees, milestone payments, technology transfer fees (unless to the extent
    performed at cost) and royalty payments or other commercial value received by either Party
	 	 	 
	 	e)	“Intellectual
    Property” means all intellectual property and proprietary rights, including without limitation, all rights of inventorship
    and authorship, inventions, patents, patent applications (whether published or unpublished), and know-how for any product, process,
    method, machine, manufacture, design, composition of matter, or any new or useful improvement thereof, as well as rights in copyright,
    trademark, trade dress, service mark, trade secret, computer software, data, databases, design patents, design rights, and mask works.
	 	 	 
	 	f)	“Program”
    means a Candidate that has been approved by SQL to move into commercial discussions with potential customers or partners.
	 	 	 
	 	g)	“SQL
    Patents” means patents and patent rights owned by SQL, or which SQL has the right to license without a requirement to obtain
    consent or to pay any consideration to any other party (other than an affiliate), and such patents shall be identified in a SOW for
    a specified Program or Candidate.
	 	 	 
	 	h)	“Proprietary
    Information” means: (A) information which is disclosed by one Party (“Disclosing Party”) to the other (“Receiving
    Party”) and identified in writing at the time of disclosure by an appropriate marking as Proprietary Information; (B) information
    transmitted orally where such information is understood, or considering the nature of the information should have been understood,
    by the Receiving Party to be confidential; and, (C) Technical Information obtained from SQL or produced by the Company or SQL during
    performance of this Agreement. Proprietary Information of GE includes information from affiliates of GE provided to SQL in connection
    with this Agreement. Proprietary Information of SQL includes information from affiliates of SQL provided to GE in connection with
    this Agreement. 

 

    	2

     

    

 

	 	i)	“Statement
    of Work or SOW” means a written document executed by the Parties, in substantially the form as identified in Exhibit A,
    that outlines the specific details of a Candidate or a Program and modification, if any, to the Agreement relative to that specific
    SOW. Each SOW is governed by the terms of this Agreement. Any conflict between the terms of an SOW and this Agreement shall be resolved
    in favor of this Agreement except where the SOW expressly states that this Agreement is to be overridden.
	 	 	 
	 	j)	“Technical
    Information” means technical information and data, whether documented or undocumented, which would reasonably be considered
    proprietary to SQL, including all SQL design, manufacturing, assembly, and user maintenance information, drawings, performance/material/procurement
    specifications, methods, practices, electronic/computer files and software, as well as modifications, revisions, and improvements
    to these items by SQL. Technical Information excludes design standards, methods, processes, frameworks, practices, analyses, benchmarking
    information, know-how, databases, and computer software that are not specific to any Program that were developed by the Company prior
    to the Effective Date.

 

	2)	License
    Management Arrangement. The Parties agree that Company shall exclusively manage all licensing and monetization of SQL Intellectual
    Property during the term of this Agreement solely with respect to the scope of a SOW, subject to Paragraph 13(a). SQL agrees to regularly
    engage with the Company to collaborate in reviewing its new and existing Intellectual Property and technology commercialization opportunities
    to identify Candidates that are potentially suitable for commercialization.
	 	 
	3)	Governance.
    For each Candidate and Program, SQL shall designate at least one Business Champion that has the requisite authority to negotiate
    and sign an applicable SOW on behalf of, and subject to approval by, SQL. The Business Champion and an Account Manager designated
    by the Company will manage the flow of information between SQL and the Company and share information regarding the Candidate or Program,
    financials, and related documents with the other Party upon request.

 

	4)	Services

 

	 	a)	Services
    to be performed by the Company for SQL (“Services”) pursuant to this Agreement and associated SOWs include, but
    are not limited to, as appropriate, Intellectual Property assessment and evaluation, recommendations to amend and otherwise enhance
    current SQL patents and filings, commercially reasonable support in the defense and enforcement of SQL Intellectual Property, Candidate
    qualification, financial valuation and benchmarking, marketing strategy, IP strategy and monetization consultation, Program development
    and execution, deal origination, negotiation and execution, audit and contract administration and other related services.
	 	 	 
	 	b)	Upon
    designation of a Candidate (such designation always requiring SQL’s written approval), the Company shall undertake an evaluation
    and qualification process for a period of up to sixty (60) days (the “Candidate Qualification Process”) to determine
    the commercial viability of the Candidate. Upon the Company’s completion of the Candidate Qualification Process, it will inform
    the Business Champion of its findings. If the Candidate is not designated as a Program within such sixty (60) day period by both
    Parties, or any written extension thereto agreed between the Parties, such opportunity ceases to be a Candidate. Following the Candidate
    Qualification Process, if the Parties wish to further develop the opportunity, the Parties shall work together to agree on a commercial
    strategy and may make a decision on designating a Candidate as a new Program. This Agreement serves as SQL’s written approval
    of Candidate designation for the opportunities listed in Exhibit B.
	 	 	 
	 	c)	The
    Company shall use commercially reasonable best efforts to commercialize SQL Intellectual Property pursuant to one or more Programs
    each of which Programs shall be described in an SOW.
	 	 	 
	 	d)	The
    Company shall at least quarterly provide SQL with financial statements and status reports with respect to each Program.
	 	 	 
	 	e)	The
    Company will use commercially reasonable effots to audit a Licensed Program, as defned below, if and when Parties deem necessary,
    subject to the terms and conditions setting forth the audit rights with respect to the applicable Licensed Program.

 

    	3

     

    

 

	5)	Compensation
    and Expenses.

 

	 	a)	Costs.
    All costs and expenses normally associated with any Candidate Qualification Process or Program are to be undertaken by the Company
    and any exceptions shall be explicitly stated in the applicable SOW, or as mutually agreed by the Parties. In the event the Company
    encounters the need to incur significant costs and expenses associated with an applicable Candidate Qualification Process or Program
    that were not contemplated by the applicable SOW, the Parties shall mutually agree how to address such costs and expenses, including
    by amending the applicable SOW if necessary, in advance of the Company incurring such costs and expenses.
	 	 	 
	 	b)	Value
    Shares. Unless otherwise agreed by the Parties in the applicable SOW, when a Program is monetized by the licensing of Program
    technology and/or Intellectual Property by the Company on SQL’s behalf to one or more third parties (each, a “Licensed
    Program”), SQL shall receive [***] of any Earned Revenue realized from such monetization of the Program and the Company
    shall receive [***] of such Earned Revenue.
	 	 	 
	 	c)	Payment
    Terms

 

	 	i)	Invoices.
    Within 15 days after the end of each calendar quarterly period, (i) with respect to Licensed Program for which SQL receives such
    Earned Revenue directly, SQL shall provide the Company with a financial sheet (A) itemizing the Earned Revenue generated by such
    Licensed Program during such quarterly period, and (B) the amount of the Company’s corresponding payment due from SQL with
    respect to such Licensed Program for such quarterly period; and (ii) with respect to each Licensed Program for which the Company
    receives such Earned Revenue directly, the Company shall provide SQL with a financial sheet (A) itemizing the Earned Revenue generated
    by such Program during such quarterly period, and (B) the amount of SQL’s corresponding payment due from the Company with respect
    to such Program for such quarterly period. Within 15 days after receipt of a financial sheet from the other Party, the receiving
    Party shall issue an invoice to the other Party for any sums due by the other Party.
	 	 	 
	 	ii)	Payments.
    SQL or the Company, as applicable, shall pay each such invoice within sixty (60) days after receipt thereof.
	 	 	 
	 	iii)	Recordkeeping
    and Audit. Each Party shall keep true and accurate records, files and books of accounts regarding all Earned Revenue received
    by it and containing all the necessary data reasonably required for the full computation and verification of the amounts owed and
    the information to be provided in the invoices to be delivered pursuant to this Section 5(c), and shall upon reasonable request and
    during regular business hours permit representatives of the other Party to inspect the same for the sole purpose of determining the
    amounts payable and due under this Agreement.

 

	6)	Candidate
    or Program Termination and Implementation Rights.

 

	 	a)	Termination
    of a Candidate. Notwithstanding anything in this Agreement, if SQL unilaterally elects to remove a Candidate from consideration
    at any time before the end of the sixty (60) day period set out in Section 4(b) (each, a “Terminated Candidate”),
    the Company may, within 30 days after such termination, submit to SQL an itemized summary of its actual costs and expenses incurred
    in connection with the Candidate Qualification Process with respect to such Terminated Candidate prior to such termination, and an
    associated invoice, and Company shall deduct an amount equal to such approved costs and expenses (as reflected in the invoice), from
    future Earned Revenue due to SQL.

 

    	4

     

    

 

	 	b)	Program
    Implementation. Upon the Parties’ execution of an SOW with respect to a Program, the Company will have the sole right to
    implement such Program for a period of 12 months, with a 12 month renewable period provided SQL extends SOW accordingly. If, within
    12 months of execution of such SOW, the Company has executed a definitive revenue producing agreement with a third party relating
    to the applicable Program in line with the key commercial strategy agreed between the Parties, the Company shall continue to be the
    sole implementer of such Program.
	 	 	 
	 	c)	Termination
    of a Licensed Program. If SQL unilaterally terminates a Licensed Program (each, a “Terminated Program”), the
    Company may, within 30 days after such termination, submit to SQL an itemized summary of its actual costs and expenses incurred in
    connection with such Terminated Program prior to such termination and an associated invoice, the Company shall deduct an amount equal
    to the amount of such costs and expenses, (as reflected in the invoice), from future Earned Revenue due to SQL.
	 	 	 

 

	7)	Confidentiality
    and Intellectual Property Rights.

 

	 	a)	 	Confidentiality.
	 	 	 	 
	 	 	i)	Confidentiality.
    The Receiving Party agrees: (i) to use the same degree of care to prevent disclosure of the Disclosing Party’s Proprietary
    Information as it uses to prevent disclosure of its own Proprietary Information (but not less than reasonable care); (ii) to use
    such Proprietary Information only to conduct business related to this Agreement; and (iii) not to disclose such Proprietary Information,
    except that the Receiving Party may disclose such Proprietary Information to its affiliates, agents, advisors, and representatives
    who are bound by terms protecting such Proprietary Information at least as restrictive as those in this Agreement (“Representatives”)
    to the extent necessary to permit such Representatives to assist the Receiving Party in matters related to performance under this
    Agreement. Each Party acknowledges that money damages would not be a sufficient remedy for any unauthorized disclosure of Proprietary
    Information. In the event of breach, a Party is entitled to any remedies at law or in equity, excluding special, consequential, indirect,
    punitive, or exemplary damages. Nothing herein is intended to limit or abridge the protection of trade secrets under applicable trade
    secrets law. Trade secrets shall be maintained until they enter the public domain. These duties of confidentiality, other than trade
    secrets, shall remain for five years after the expiration or termination of this Agreement.
	 	 	 	 
	 	 	ii)	Information
    Not Covered. Notwithstanding Section 7(a)(i), the Receiving Party’s obligations with respect to the Disclosing Party’s
    Proprietary Information are not applicable to Proprietary Information which: (1) is in the public domain; (2) is subsequently developed
    by a Receiving Party’s employees who have no knowledge of or access to the Disclosing Party’s Proprietary Information;
    or (3) is disclosed to the Receiving Party by a third party having a bona fide right to do so without breach of this Agreement. Proprietary
    Information is not deemed to be available to the public or known to a Party merely because it was embraced by a general disclosure
    or derived from combinations of disclosures generally available to the public or known to SQL or the Company.
	 	 	 	 
	 	 	iii)	Mandatory
    Disclosure. If a Receiving Party is requested or required by law to disclose any Proprietary Information of a Disclosing Party,
    such Receiving Party will provide the Disclosing Party prompt notice of each request so that the Disclosing Party may seek an appropriate
    protective order. If the Receiving Party is legally compelled to disclose such Proprietary Information, the Receiving Party may disclose
    such Information to the extent required without liability under this Agreement.

 

	 	b)	Ownership
    of Intellectual Property.

 

	 	i)	SQL
    shall retain ownership of all Intellectual Property including background, foreground, sideground and future developed Intellectual
    Property.
	 	 	 
	 	ii)	During
    the term of this Agreement and all subsequent extensions mutually agreed upon by the parties, GE Technology Development, Inc. will
    work with SQL as a preferred partner in the field of SQL’s plug and receptacle standard and SQL’s smart products technology
    in good faith for a successful relationship between the Parties.

 

    	5

     

    

 

	 	iii)	All
    right, title and interest in and to inventions whether or not patentable, processes, data, improvements, designs, patents relating
    to SQL Intellectual Property, relating to a Candidate, relating to a SOW, or otherwise resulting from this Agreement, conceived,
    generated and first reduced to practice, during the Term of this Agreement (collectively, “Inventions”), shall, without
    remuneration, be the sole property of SQL. The Parties shall take all such actions throughout the Term of this Agreement and thereafter
    as shall be reasonable in order to transfer all right, title and interest in and to the Inventions to SQL free and clear of any and
    all liens, charges or other encumbrance in accordance with this Section. Company shall further reasonably cooperate with SQL, at
    SQL’s reasonable expense, by promptly executing any documents or carrying out any acts that SQL may determine to be necessary
    or desirable in order to transfer all rights, title and interest in and to Inventions to SQL and otherwise to enable SQL to fully
    protect its intellectual property and any right, title and interest in and to the Inventions.

 

	8)	 	Warranties.
	 	 	 
	 	a)	Mutual
    Representations and Warranties. Each Party represents and warrants that: (i) it is a company duly formed, validly existing, and
    in good standing under the laws of the jurisdiction of its formation; (ii) it has the full right, power, and authority to enter into
    this Agreement and to perform its respective obligations hereunder; and (iii) it will not be in violation of any terms and conditions
    of any agreement with any other individual or entity by agreeing to the terms and conditions of this Agreement and performing its
    respective obligations hereunder.
	 	 	 
	 	b)	SQL
    Representations and Warranties. SQL warrants and represents that: (i) it is the sole and exclusive owner of, or has a valid license
    right to use and license, all SQL Patents disclosed and listed by SQL underlying the Candidates and the Programs, free and clear
    of liens, security interests, and encumbrances of any kind; and (ii) unless otherwise set out in the relevant SOW, no third party
    has any rights, licenses, or options to or under such SQL Patents (whether contingent or currently exercisable).
	 	 	 
	 	c)	Company
    Representations and Warranties. The Company warrants and represents that: (i) the Services will be provided in accordance with
    the terms hereof and any applicable SOW in a competent and professional manner; (ii) the Services will be performed in compliance
    with applicable laws, ordinances and regulations and all rules, and regulations issued thereunder; and (iii) the Company and its
    employees Performing the Services will comply with SQL’s integrity policies and procedures and, upon reasonable notice, participate
    in compliance briefings conducted by SQL.
	 	 	 
	 	d)	DISCLAIMER.
    EXCEPT FOR THE EXPRESS WARRANTIES PROVIDED IN THIS AGREEMENT, EACH PARTY DISCLAIMS ALL OTHER WARRANTIES, EXPRESS OR IMPLIED, ARISING
    OUT OF OR RELATED TO THIS AGREEMENT AND THE SERVICES, INCLUDING ALL IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR
    PURPOSE, AND NON-INFRINGEMENT OF THIRD-PARTY RIGHTS.

 

	9)	 	Indemnification
    and Limitation of Liability.
	 	 	 
	 	a)	Indemnification.
    Each Party (the “Indemnifying Party”) will defend, indemnify, and hold harmless the other Party, its affiliates
    and its and their respective shareholders, directors, officers, employees and agents (each, an “Indemnified Party”)
    from, against and in respect of any and all losses, liabilities, damages, deficiencies, claims, actions, judgments, settlements,
    interest, awards, penalties, fines, fees, costs or expenses of whatever kind (including, without limitation, attorneys’ fees)
    suffered or incurred, directly or indirectly by such Indemnified Party by reason of, resulting from, arising out of, or in connection
    with: (i) the breath by the Indemnifying Party of any representation or warranty contained in this Agreement or from the failure
    of the Indemnifying Party to perform any covenant contained in this Agreement; or (ii) the gross negligence or willful misconduct
    of the Indemnifying Party.

 

    	6

     

    

 

	 	b)	LIMITATION
    OF LIABILITY. EXCEPT ARISING OUT OF A PARTY’S BREACH OF SECTION 7, NEITHER PARTY WILL BE LIABLE, WHETHER IN CONTRACT, IN
    TORT (INCLUDING NEGLIGENCE AND STRICT LIABILITY), OR OTHERWISE, FOR ANY SPECIAL, INDIRECT, INCIDENTAL, CONSEQUENTIAL, OR PUNITIVE
    DAMAGES WHATSOEVER, WHICH IN ANY WAY ARISE OUT OF, RELATE TO, OR ARE A CONSEQUENCE OF THIS AGREEMENT OR EITHER PARTY’S PERFORMANCE
    OR NONPERFORMANCE HEREUNDER. THE COMPANY’S LIABILITY TO SQL UNDER ANY SOW UNDER THIS AGREEMENT SHALL BE LIMITED TO THE VALUE
    OF THE SOW.

 

	10)	Relationship
    of the Parties. Nothing in this Agreement shall be construed as creating a partnership, joint venture, or other formal business
    organization of any kind. The Company is an independent contractor. No employees of the Company are or will be deemed employees of
    SQL or are eligible for participation in any SQL employee benefit programs. Neither the Company nor any of its employees are in any
    way legal representatives of SQL and neither have any right to assume or create any obligation of any kind, expressed or implied,
    in the name of or on behalf of SQL.
	 	 
	11)	Assignment.
    Except as expressly provided herein, neither this Agreement nor any rights or obligations hereunder may be assigned by either Party
    without prior written consent of the other Party and any assignment by one Party without the prior written consent of the other Party
    is void; provided that, notwithstanding the foregoing, either Party may assign this Agreement or any of its rights and obligations
    hereunder without consent of the other Party to (a) its successor in interest by operation of law or otherwise (including as a result
    of merger, sale of stock and sale of all or substantially all assets) or (b) any affiliate of such Party, including an entity that
    assumes all rights, liabilities and obligations of such Party.
	 	 
	12)	Controlling
    Laws and Dispute Resolution.

 

	 	a)	Controlling
    Laws. This Agreement shall be governed by all the applicable laws and regulations of the United States. This Agreement is governed
    by New York State law, excluding conflict of laws rules. The Parties exclude application of the United Nations Convention on Contracts
    for the International Sale of Goods.
	 	 	 
	 	b)	Dispute
    Resolution. Any dispute arising out of or relating to this Agreement or any SOW, including the breach, termination, or validity
    thereof, shall be finally resolved by arbitration in accordance with the then-current rules of arbitration of the International Chamber
    of Commerce by three arbitrators, of whom each Party shall appoint one and the third shall be selected by mutual agreement of the
    selected arbitrators. The arbitration shall be governed by the Federal Arbitration Act, 9 U.S.C. §§ 1-165, and judgment
    upon the award rendered by the arbitrators may be entered by any court having jurisdiction thereof. The place of arbitration shall
    be New York, New York U.S. The arbitrators are not empowered to award damages in excess of compensatory damages, as provided for
    in this Agreement, and each Party expressly waives and forgoes any right to punitive, exemplary, or any such similar damages, unless
    a statute requires that compensatory damages be increased in a specified manner. EACH PARTY KNOWINGLY, VOLUNTARILY, AND WITH ADVICE
    OF COUNSEL IRREVOCABLY WAIVES ITS RIGHT TO A JURY TRIAL OR A BENCH TRIAL (EXCLUDING ARBITRATION) IN ANY PROCEEDING INVOLVING THIS
    AGREEMENT, ITS SUBJECT MATTER, OR THE RELATIONSHIP BETWEEN THE PARTIES UNDER THIS AGREEMENT.

 

	13)	Expiration,
    Termination and Suspension.

 

	 	a)	Term.
    This Agreement shall have an initial term of five (5) years (the “Initial Term”). At the end of the Initial
    Term, this Agreement shall automatically renew for one-year extension periods (each, a “Renewal Term” and, together
    with the Initial Term, the “Term”) until either Party gives the other Party notice of its intent not to renew
    at least six months prior to the expiration of the Initial Term or then-current Renewal Term. The term in a SOW is governed by such
    SOW notwithstanding expiration or termination of this Agreement. Termination of a SOW has no effect on the Term.
	 	 	 
	 	b)	Termination.
    

 

	 	i)	Termination
    by Mutual Agreement. This Agreement and any SOW hereunder may be terminated by mutual written consent of the Parties.
	 	 	 
	 	ii)	Termination
    for Default. Either Party (the “Terminating Party”) may, by written notice to the other Party (the “Defaulting
    Party”), terminate this Agreement or any SOW if: (I) the Defaulting Party breaches or violates Section 7(a) or the Terminating
    Party discovers any inaccuracies in Section 8(b); or (II) the Defaulting Party fails to materially comply with any other terms and
    conditions of this Agreement. Termination becomes effective if Defaulting Party does not cure such breach or failure within 30 days
    or such longer period as the Terminating Party authorizes in writing.

 

    	7

     

    

 

	 	c)	Obligations
    Upon Expiration or Termination. Neither Party shall be liable for compensation for the loss of anticipated opportunities as a
    result of termination, expiration or non-renewal of this Agreement, provided that this limitation does not limit the liability
    for defaults under Section 7. Each Party shall continue to pay the other Party all payments due or that become due under any ongoing
    SOW. The terms in Sections 5(c), 6, 7, 8, 9, 12, 13(c) and 15 survive expiration or termination of this Agreement.

 

	14)	Waiver
    and Failure to Enforce. No claim or right arising out of a breach of this Agreement can be discharged by a waiver unless the
    waiver is supported by consideration and is in writing signed by the aggrieved Party. Either Party’s failure to enforce any
    provision is not to be construed as a waiver of such provision or of the right to enforce it.
	 	 
	15)	Notice.
    Communications shall be in English, in writing, and delivered by registered or certified mail, overnight courier, facsimile, personal
    delivery, or electronic means (accompanied by a notice sent by registered or certified mail, overnight courier, personal delivery,
    or facsimile within ten business days). Notice shall be sent to the respective addresses set forth below, unless otherwise provided.
    Notice that is not given in accordance with these terms is effective if acknowledged, in writing, by an authorized officer of the
    Party to whom it was given.

 

	To
    the Company: 	To
    SQL:
	 	 
	General
    Electric Company, GE Licensing business unit	SKY Technology, LLC
	1
    Research Circle	4400
    North Point Parkway, Suite 465
	Niskayuna,
    New York 12309	Alpharetta,
    GA 30022
	Attn:
    Douglas Naab	Attn:
    Patricia Barron
	Telephone:
    [***]	Telephone:
    [***]
	Email:
    [***]	Email:
    [***] 

 

	16)	Execution
    and Modification.
	 	 	 
	 	a)	This
    Agreement, together with all SOWs executed pursuant hereto, constitutes the complete and final agreement concerning the subject matter
    hereof. The invalidity of any sections of this Agreement shall not affect the validity of the remainder of this Agreement.

 

	 	b)	This
    Agreement terminates and supersedes all previous writings relating to the subject matter of this Agreement.
	 	 	 
	 	c)	No
    modification of this Agreement is binding unless made in writing and signed by the Parties hereto.

 

	17)	Incorporation
    by Reference. Exhibit A and Exhibit B referenced in this Agreement are incorporated into this Agreement by reference.
	 	 
	18)	Counterparts.
    This Agreement may be executed in two or more counterparts, each of which counterparts when so executed shall be deemed to be an
    original, but ail of which counterparts, taken together, shall constitute but one and the same instrument.

 

    	8

     

    

 

IN
WITNESS WHEREOF, the Parties have executed this Agreement, effective as of the Effective Date.

 

	GE
  TECHNOLOGY DEVELOPMENT, INC.	 	SKY
  Technology, LLC
	 	 	 
	(acting
by and through its GE Licensing business unit)	 	 

 

	By:	/s/
    Thomas Buccellato	 	By:	/s/
    Rani Kohen
	Name:	Thomas Buccellato	 	Name:	Rani
    Kohen
	Title:	Managing Director	 	Title:	Chairman
	Date:	6/14/19	 	Date:	6/14/19

 

    	9

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