Document:

EX-10.2

 

Exhibit 10.2

LICENSE AGREEMENT

     THIS AGREEMENT, dated as of October 1, 1994, by and between ACF Industries,
Incorporated, a New Jersey corporation (“ACF”) and American Railcar Industries, Inc., a Missouri
corporation (“Licensee”).

W I T N E S S E T H:

     WHEREAS, ACF and the Licensee have entered into an Asset Transfer Agreement dated as of
October 1, 1994 (the “Transfer Agreement”), whereby ACF has agreed to transfer, and the Licensee
has agreed to buy, certain assets used by ACF in the manufacture of railcar parts and the repair
and refurbishment of railcars, including, without limitation, formulae, patents, trademarks, trade
secrets and other technical knowledge owned by ACF which specifically and exclusively relate to the
Business;

     WHEREAS, ACF possess certain other patents, technical information and procedures and
other know-how which is or could be used by ACF and/or Licensee in the conduct of the
Business and otherwise; and

     WHEREAS, a condition of the transactions
contemplated by the Transfer Agreement is the execution by ACF and the Licensee of this License
Agreement pursuant to

 

 

which ACF will license to Licensee the use of such patents, technical information and
procedures and know-how;

     WHEREAS, the Licensee wishes to obtain a license for such technical information and
procedures upon the terms and conditions hereinafter set forth.

     NOW, THEREFORE, for and in consideration of the premises and the mutual covenants and
agreements hereinafter set forth, the parties hereto agree as follows:

     1. DEFINITIONS. For the purposes of this License Agreement, the terras set
forth herein shall be defined as follows:

          (a) “Licensed Information” shall mean the
formula, patents, trade secrets and other technical
knowledge owned by ACF which have been or could be used by
ACF and/or Licensee in the conduct of the Business but do
not specifically and exclusively relate to the Business,
including, without limitation, those patents set forth on
Schedule A hereto and incorporated herein by reference.

          (b) “Territory” shall mean the world.

     All capitalized terms used herein and not otherwise defined shall have the meanings assigned
to them in the Transfer Agreement.

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     2. LICENSE. ACF hereby grants to the Licensee
and the Licensee hereby accepts from ACF, in-consideration
of the payment by Licensee of $1.00, upon the terms and
conditions herein specified, a non-exclusive license to use
the Licensed Information in the Territory.

     3. RESTRICTIONS ON LICENSED INFORMATION.
Notwithstanding the foregoing, without the prior written
consent of ACF, Licensee shall not use the Licensed
Information listed on Schedule A hereto for the production
of railcar parts for third parties.

     4. TERM. This License Agreement shall become
effective on the date first above written and shall remain
in effect in perpetuity.

     5. ASSIGNMENT. This Agreement shall not be
assignable by either party without the prior written consent
of the other, other than in connection with the sale of
substantially all of the business in whatever form of the
Licensee or ACF; provided, however. that any such assignment
shall not relieve the parties whereto from any obligations
under this Agreement and that the assigning party shall
remain jointly and severally liable under this Agreement
with its successor.

-3-

 

     6. SECRECY. Except as expressly provided in this Agreement, the Licensee will
treat as confidential and will not, without the prior written approval of ACF, reveal to any
person, firm, association or corporation any of the Licensed Information or any other information
or data furnished to the Licensee by ACF pursuant to this Agreement.

     ACF and the Licensee and each, of them and their respective agents, servants, employees,
attorneys and those acting in privity with each of them acknowledge and agree that none of them
will issue publicity releases as to the making of this Agreement/ nor as to the terms and
conditions of this Agreement.

     7. ENTIRE AGREEMENT. This License Agreement
constitutes the entire agreement between the parties as to
the Licensed. Information and the other matters treated
herein.

     8. NOTICES. All notices or other communications
hereunder shall be in writing and shall be made by hand
delivery, telex, telecopier or registered or certified mail,
postage prepaid, return receipt requested, addressed as
follows:

If to the Licensee, to:

American Railcar Industries, Inc.

3301 Rider Trail South

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Earth City, MO 63045

If to ACF, to:

ACF Industries, Incorporated

3301 Rider Trail South

Earth City, MO 63045

In each case with a copy to:

Gordon Altman Butowsky

Weitzen Shalov & Wein

114 West 47th Street

New York, New York 10036

Attention: Douglas S. Rich

Telecopy: (212)626-0799

or at such other addresses as shall be furnished by the parties by like notice, and such notice or
communication shall be deemed to have been given or made as of the date so delivered, if delivered
personally; when answered back, if telexed; when receipt is acknowledged, if telecopied; and two
calendar days after so mailed, if sent by registered or certified mail.

     9. GOVERNING LAW. This License Agreement is subject to and shall be construed and
enforced in accordance with the laws of the’State of Missouri.

-5-

 

     IN WITNESS WHEREOF, the parties have hereunto set their hands and seals and duly
executed this Agreement the day and year first above written.

	 	 	 	 	 
	 	ACF Industries, Incorporated 

 	 
	 	By:  	/s/ James J. Unger
 	 
	 	 	Name:  	James J. Unger 	 
	 	 	Title:  	President 	 
	 

	 	 	 	 	 
	 	American Railcar Industries, Inc. 

 	 
	 	By:  	/s/ Roger S. Wynkoop
 	 
	 	 	Name:  	Roger S. Wynkoop	 
	 	 	Title:  	Vice President 	 

-6-EX-10.3

 

Exhibit 10.3

LICENSE AGREEMENT

     THIS AGREEMENT, dated as of October 1, 1994, by and between American Railcar
Industries, Inc., a Missouri corporation (“ARI”) and ACF Industries, Incorporated, a New Jersey
corporation (“Licensee”).

W I T N E S S E T H:

     WHEREAS, ARI and the Licensee have entered into an Asset Transfer Agreement dated as
of October 1, 1994 (the “Transfer Agreement”), whereby the Licensee has agreed to transfer, and
ARI has agreed to buy, certain assets used by the Licensee in the manufacture of railcar parts and
the repair and refurbishment of railcars, including, without limitation, formulae, patents,
trademarks, trade secrets and other technical knowledge owned by the Licensee which specifically
and exclusively relate to the Business;

     WHEREAS, a condition of the transactions
contemplated by the Transfer Agreement is the execution by ARI and the Licensee of this
License Agreement pursuant to which ARI will license back to Licensee the use of the patents,
technical information and procedures and know-how transferred to ARI pursuant to the Transfer
Agreement;

 

 

     WHEREAS, the Licensee wishes to obtain a license for such technical information and
procedures upon the terms and conditions hereinafter set forth.

     NOW, THEREFORE, for and in consideration of the premises and the mutual covenants and
agreements hereinafter set forth, the parties hereto agree as follows:

     1. DEFINITIONS. For the purposes of this License Agreement, the terms set
forth herein shall be defined as follows:

          (a) “Licensed Information” shall mean the
formula, patents, trade secrets and other technical
knowledge owned by the Licensee prior to the Effective Date
of the Transfer Agreement and transferred to ARI pursuant to
thereto which have been or could be used by the Licensee .
and/or ARI in the conduct of the Business and which
specifically and exclusively relate to the Business,
including, without limitation, those patents set forth on
Schedule A hereto and incorporated herein by reference.

          (b) “Territory” shall mean the world.

     All capitalized terms used herein and not otherwise defined shall have the meanings assigned
to them in the Transfer Agreement.

-2-

 

     2. LICENSE. ARI hereby grants to the Licensee
and the Licensee hereby accepts from ARI, in consideration
of the payment by Licensee of $1.00, upon the terms and
conditions herein specified, a non-exclusive license to use
the Licensed Information in the Territory.

     3. TERM. This License Agreement shall become
effective on the date first above written and shall remain
in effect in perpetuity.

     4. ASSIGNMENT. This Agreement shall not be
assignable by either party without the prior written consent
of the other, other than in connection with the sale of
substantially all of the business in whatever form of ARI or
the Licensee; provided, however, that any such assignment
shall not relieve the parties whereto from any obligations
under this Agreement and that the assigning party shall
remain jointly and severally liable under this Agreement
with its successor.

     5. SECRECY. Except as expressly provided in
this Agreement, the Licensee will treat as confidential and
will not, without the prior written approval of ARI, reveal
to any person, firm, association or corporation any of the
Licensed Information or any other information or data
furnished to the Licensee by ARI pursuant to this Agreement.

-3-

 

     ARI and the Licensee and each of them and their respective agents, servants,
employees, attorneys and those acting in privity with each of them acknowledge and agree that none
of them will issue publicity releases as to the making of this Agreement, nor as to the terms and
conditions of this Agreement.

     6. ENTIRE AGREEMENT. This License Agreement
constitutes the entire agreement between the parties as to
the Licensed Information and the other matters treated
herein.

     7. NOTICES. All notices or other communications hereunder shall be in writing and
shall be made by hand delivery, telex, telecopier or registered or certified mail, postage prepaid,
return receipt requested, addressed as follows:

If to ARI, to:

American Railcar Industries, Inc.

3301 Rider Trail South

Earth City, MO 63045

If to the Licensee, to:

ACF Industries, Incorporated

3301 Rider Trail South

Earth City, MO 63045

-4-

 

In each case with a copy to:

Gordon Altman Butowsky

  Weitzen Shalov & Wein

114 West 47th Street

New York, New York 10036

Attention: Douglas S. Rich

Telecopy: (212) 626-0799

or at such other addresses as shall be furnished by the parties by like notice, and such notice or
communication shall be deemed to have been given or made as of the date so delivered, if delivered
personally; when answered back, if telexed; when receipt is acknowledged, if telecopied; and two
calendar days after so mailed, if sent by registered or certified mail.

     8. GOVERNING LAW. This License Agreement is subject to and shall be construed and
enforced in accordance with the laws of the State of Missouri.

-5-

 

     IN WITNESS WHEREOF, the parties have hereunto set their hands and seals and duly
executed this Agreement the day and year first above written.

	 	 	 	 	 
	 	ACF Industries, Incorporated

 	 
	 	By:  	/s/ James J. Unger
 	 
	 	 	Name:  	James J. Unger 	 
	 	 	Title:  	President 	 
	 

	 	 	 	 	 
	 	American Railcar Industries, Inc. 

 	 
	 	By:  	
/s/ Roger S. Wynkoop
 	 
	 	 	Name:  	Roger S. Wynkoop	 
	 	 	Title:  	Vice President 	 

-6-

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