Document:

exv10w13

 

EXHIBIT 10.13

Perot Systems Corporation

2001 Long Term Incentive Plan

Unit Certificate

Restricted Stock Unit Agreement

(Deferral Option)

	 	 	 
	Awardee:
	 	Brian Maloney
	ID #:
	 	30625
	Grant Date:
	 	<>
	Award Shares:
	 	<>
	Vesting Schedule:
	 	20% of the Award Shares will become vested on each of the first five anniversaries of the Grant Date, provided that Awardee receives, using the methodology selected by the Committee, a "satisfactory" or better performance evaluation for the calendar year preceding the applicable anniversary.
	Expiration Date:
	 	The earlier of (i) seventh anniversary of the Grant Date, (ii) the Awardee's Severance Date (as such term is defined in the Plan), or (iii) any other date on which the Stock Award terminates under the Award Agreement or Plan.

You have been awarded a Stock Award under Perot Systems Corporation’s 2001
Long-Term Incentive Plan (“Plan”), subject to the terms and conditions of (i)
this Unit Certificate and the form of Restricted Stock Unit Agreement in effect
on the Grant Date (collectively, the “Award Agreement”), and (iii) the Plan.

The Award Agreement, the Plan, and the Prospectus relating to the Plan are
available for your review on the Perot Systems stock department website at
https://train.ps.net/StockAdministration/options/planDocs.html. Perot Systems’
filings with the United States Securities and Exchange Commission are available
on the Company’s website at http://www.perotsystems.com/investors/. If you
have difficulty accessing any of these websites or would like to receive (at no
cost) a paper copy of these documents, please contact the Stock Administration
Department at +1 (972) 577-5670 or by e-mail to Stock-Dept@ps.net.

By accepting Restricted Stock, or asserting or attempting to assert any rights
or privileges, under the Award Agreement, you:

	 	•	 	agree to be bound by the terms of the Award Agreement and the Plan;
	 
	 	•	 	acknowledge receiving an electronic or paper copy of (1) the Plan,
(2) the Prospectus for the Plan, and (3) the Company’s most recent
Annual Report on Form 10-K and Quarterly Report on Form 10-Q which have
been filed with the United States Securities and Exchange Commission;
and
	 
	 	•	 	consent to receiving delivery of the all required documents and
future communications relating to the Plan or the Award Agreement via
TRAIN or other electronic transmission; and agree to provide Perot
Systems with up-to-date electronic contact information.

If you wish to reject this award, please contact the Stock Administration
Department within 60 days after the Grant Date.

If you wish irrevocably to elect to defer the issuance of Vested Shares
(defined in the Award Agreement) until the earlier of (i) the seventh
anniversary of the Grant Date or (ii) your Severance Date, please initial here:           . For other deferral options, please contact the Administrator.

	 	 	 	 	 	 	 
	PEROT SYSTEMS CORPORATION
	 	<Awardee>
	 
	 	 	 	 	 	 
	By:
	 	 	 	 	 	 
	

	 	

Ross Perot, Jr.

Chief Executive Officer
	 	

Date:

	

	 	 	 	 	 	
 

	 	 	 	 	 
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Perot Systems Corporation

2001 Long-Term Incentive Plan

Restricted Stock Unit Agreement

(Deferral Option)

	1.	 	General.

	 	(a)	 	The terms and conditions set forth below, together with a certificate
issued by the Company (“Unit Certificate”) setting forth the name of the
person (the “Awardee”) to whom the Company has granted units
representing the number of shares of Restricted Stock that may be issued
to the Awardee (the “Unit Shares”) and the dates on which such Unit
Shares may be issued, constitute this Restricted Stock Unit Agreement
(“Award Agreement”).
	 
	 	(b)	 	The terms and conditions of the Perot Systems Corporation 2001
Long-Term Incentive Plan (“Plan”), except Sections 9, 10, 12 and 13 of
the Plan, are incorporated by reference into this Award Agreement and,
unless provided otherwise in this Award Agreement, will apply to the
Unit Shares. Capitalized terms used in this Award Agreement will have
the meanings given such terms in the Plan, unless they are defined
differently in this Award Agreement. The following terms have the
meanings indicated:

	 	(i)	 	“Control Affiliate” of any person or entity is any person or
entity that controls, is controlled by, or is under common control
with, the first such person or entity.
	 
	 	(ii)	 	“Change of Control” means (A) the acquisition, directly or
indirectly, by any “person” or “group” of persons (other than the
Company, any person or entity controlled by the Company, or a Perot
Family Member or a Control Affiliate of any Perot Family Member,
including, without limitation, HWGA, Ltd., a Texas limited
partnership, its successors or assigns, or any trust established for
the benefit of any Perot Family Member or any Control Affiliate of
any Perot Family Member) of “beneficial ownership” (as each of those
terms is used in Rule 13d-3 of the Securities Exchange Act of 1934,
as amended) of securities possessing more than fifty percent (50%) of
the total combined voting power of the Company’s outstanding voting
securities; (B) the sale, transfer or other disposition of all or
substantially all of the Company’s assets or a complete liquidation
or dissolution of the Company; or (C) the combination of the Company
(by merger, share exchange, consolidation, or otherwise) with another
entity and as a result of such combination, less than 50% of the
outstanding securities of the surviving or resulting entity are owned
in the aggregate by the former shareholders of the Company.
	 
	 	(iii)	 	“Expiration Date” means the earlier of (A) the seventh
anniversary of the Grant Date, (B) two years after Awardee’s
Severance Date (as such term is defined in the Plan), or (C) any
other date on which the Awardee’s Stock Award terminates under this
Award Agreement or the Plan.
	 
	 	(iv)	 	“Perot Family Member” means the any member of the family of
Ross Perot, an individual resident of Dallas, Texas, and any direct
descendant thereof, or by or through marriage.
	 
	 	(v)	 	“Retirement” means that Executive ceases, and does not
thereafter engage in, or enter into any agreement, arrangement, or
understanding with respect to senior executive level employment with
any employer.

	 	(c)	 	English Language. This Agreement has been written in English, which
language will control in all respects. No translation of this Agreement
into any other language will be of any force or effect in its
interpretation or in a determination of the intent of either party.
Each party waives, to the maximum extent permitted by applicable law,
any right it may have under the laws of any country or other
jurisdiction to have this Agreement written in any other language.

	2.	 	Grant, Vesting, Issuance, Restrictions and Taxes.

	 	 	 	 	 
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	 	(a)	 	Subject to the terms and conditions of this Award Agreement, the
Company shall credit to a separate account maintained on the books of
the Company (“Account”) a number of units equal to the number of Unit
Shares. On any date, the value of each Unit Share shall equal the Fair
Market Value of a Share.
	 
	 	(b)	 	(i) The interest of Awardee in the Unit Shares will vest, if at all,
in one or more installments for a portion of the Unit Shares (“Vested
Shares”) on the dates, or upon satisfaction of the conditions, specified
as the “Vesting Schedule” in the Unit Certificate.

	 	(ii)	 	Notwithstanding the provisions of Section 2(b)(i) and subject
to Section 2(b)(iv), upon the occurrence of a Change of Control that
occurs before the Severance Date, all of the Unit Shares scheduled to
vest on or after the Change of Control shall vest.
	 
	 	(iii)	 	[Awardee may by written notice to the Company delivered at any
time after March     , 2012, during which Awardee is not in material
breach of any obligation of the Company or its Affiliates and before
the Severance Date, effective immediately upon delivery of such
notice commence Retirement. Upon delivery of such notice, the
Company will cause all of the then unvested Unit Shares to continue
to vest according to Section 2(b)(i), notwithstanding such Retirement
or the absence of performance evaluations, except that such vesting
will cease immediately at the time Awardee’s Retirement ceases.]1
	 
	 	(iv)	 	No installment of Unit Shares will become vested under this
Section 2(b) after any date, or upon satisfaction of any condition
after any date, after the Awardee’s Severance Date, except as
provided in Section 11(b), (c), (d) or (e) of the Plan.
	 
	 	(v)	 	If any of the conditions specified in the Vesting Schedule are
not satisfied, the portion of the Award Shares subject to such
condition shall not vest and will be forfeited.

	 	(c)	 	The Company shall issue to Awardee one or more certificates
representing the number of Shares equal to the number of Vested Shares
that have not previously been issued to Awardee within 10 business days
after the applicable vesting date, provided that if, at least 365 days
before such vesting date, Awardee gives written notice to the Company of
his or her irrevocable election to defer the issuance of Vested Shares,
the Company shall not issue such certificates until the earlier of (i)
the date specified by Awardee in such notice, (ii) the seventh
anniversary of the Award Date, or (iii) Awardee’s Severance Date.
	 
	 	(d)	 	Without the Company’s prior written consent, Awardee shall not sell,
assign, give, exchange, pledge, hypothecate or otherwise transfer, more
than one-half of the number of (i) Vested Shares issued to Awardee on a
particular date, minus (ii) the number of Shares equal to (A) the
federal, state and local income, employment and other taxes required to
be paid by Awardee in connection with the issuance of such Vested
Shares, determined on the basis of the marginal tax rate applicable to
Awardee’s regular salary or wages from his or her Employer, divided by
(B) the Fair Market Value of Shares on the date such Vested Shares were
issued to Awardee, unless he or she is in compliance with the
Committee’s Common Stock ownership requirements for Participants. The
certificates representing 30% of the number of Vested Shares shall bear
a legend, in form and substance satisfactory to the Company, prohibiting
the sale of such Vested Shares until the earlier of (i) the date Awardee
demonstrates to the Administrator’s reasonable satisfaction that he or
she is in compliance with the Committee’s Common Stock ownership
requirements for Participants, or (ii) 90 days after Awardee’s Severance
Date.
	 
	 	(e)	 	Awardee (or any other person entitled to receive Shares under this
Unit Agreement) shall deliver to the Company, before the certificates
described in clause (c) above are issued and otherwise in accordance
with the procedures established by the Administrator from time to time,
full payment for all federal, state and local income, employment and
other taxes required to be withheld by the Company or the Employer in
connection with the issuance of such certificates. Awardee will bear
all risks and all costs and expenses associated with any delay in
receiving such certificates. The Administrator shall determine the
acceptable form of consideration for the payment of such taxes which
shall include cash, checks and wire transfers (denominated in U.S.
Dollars or other currency the Administrator determines is acceptable),
and may, but

	1	 	To be included only in Awards that may vest after the anniversary of the Employment Date in 2012.

	 	 	 	 	 
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	 	 	 	are not required to, include (i) Shares which have been owned by the
Participant for more than six months on the date of surrender, and have a
Fair Market Value on the date of surrender not less than the applicable
taxes, (ii) any combination of the foregoing methods of payment; or (iii)
such other consideration and method of payment permitted by Applicable
Laws.
	 
	 	(f)	 	If on any date the Company shall pay any dividend on Common Stock
(other than a dividend payable in Common Stock), the number of Unit
Shares credited to the Account shall as of such date be increased by a
number equal to: (a) the product of the number of Unit Shares credited
to the Account which represent unissued Vested Shares as of the record
date for such dividend, multiplied by the per share amount of any
dividend (or, in the case of any dividend payable in property other than
cash, the per share value of such dividend, as determined in good faith
by the Committee), divided by (b) the Fair Market Value of a Share on
the payment date of such dividend. In the case of any dividend declared
on Common Stock which is payable in Common Stock, the number of Unit
Shares credited to the Account shall as of such date be increased,
notwithstanding the provisions of Section 15(a) of the Plan, by a number
equal to the product of (x) the aggregate number of Unit Shares credited
to the Account which represent unissued Vested Shares as of the record
date for such dividend, multiplied by (y) the number of Shares
(including any fraction thereof) payable as a dividend on a Share. Unit
Shares representing dividends (including fractional shares) shall vest,
if at all, on the same date the related non-dividend Unit Shares vest.
	 
	 	(g)	 	Notwithstanding Section 11(f) of the Plan, Awardee shall have no
rights equivalent to those of a stockholder, and shall not be a
stockholder upon his or her acceptance of this Stock Award, with respect
to any Unit Shares, whether or not they are Vested Shares. Such rights
shall arise only upon issuance of Vested Shares in accordance with
Section 2(c).

	3.	 	Restrictions on Assignment. This Agreement shall inure to the benefit of
and be binding upon the parties hereto and their respective heirs,
personal representatives, successors, and assigns. This Stock Award may
not be sold, assigned, given, exchanged, pledged, hypothecated or
otherwise transferred by Awardee except by will or the laws of descent and
distribution or with the written consent (executed in ink on paper) of the
Administrator. The certificates described in Section 2(c) above may be
issued only to (i) Awardee, (ii) the executor or administrator of
Awardee’s estate (or, if Awardee has designated a beneficiary in
accordance with Section 17 of the Plan, such beneficiary) following his or
her death, or (iii) the guardian of Awardee’s property if one is appointed
by reason of Awardee’s Total Disability. The Company is not obligated to
recognize any purported sale, assignment, gift, exchange, pledge,
hypothecation or other transfer, in violation of this Section 3 and,
unless it elects to do otherwise, may treat any such purported exercise,
sale, assignment, gift, exchange, pledge, hypothecation or transfer as
null, void, and of no effect.
	 
	4.	 	No Guarantee of Continued Employment. Awardee acknowledges and agrees
that this Award Agreement and the transactions it contemplates do not
constitute an express or implied promise of continued employment by the
Company or his or her Employer for any period or at all and shall not
interfere with Awardee’s right or the Company’s or the Employer’s right to
terminate Awardee’s employment relationship at any time, with or without
cause. Awardee further acknowledges and agrees that this Award, and
Awardee’s right to receive Shares, will terminate in accordance with the
terms of this Award Agreement and the Plan if Awardee ceases to provide
services to the Company or its Subsidiaries or Affiliates as an employee
or consultant.
	 
	5.	 	Communications.

	 	(a)	 	All communications from Awardee to the Administrator, the Company or
the Employer will be deemed delivered on the day the notice or other
communication is received in tangible written form addressed to the
Stock Administration Department at the Company’s corporate headquarters
address. All communications to Awardee from the Administrator, the
Company or the Employer will be deemed delivered on the day the notice
or other communication is (i) personally delivered to Awardee, (ii)
electronically transmitted to Awardee to the last known electronic
transmission address of Awardee, or (iii) placed in the official
government mail of the country of the sender in an envelope with proper
postage paid addressed to the last known address of that person as
reflected in the Company’s personnel or stock records. Either party may
at any time change its address for notification purposes by giving the
other written notice of the new address and the date upon which it will
become effective.

	 	 	 	 	 
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	 	(b)	 	Consent to Electronic Delivery of Communications, Plan Documents and
Prospectuses. By exercising any rights or privileges, or attempting to
exercise any rights or privileges, under this Award Agreement, Awardee
will be deemed to consent to receiving copies of all communications
relating to the Plan and this Award Agreement by electronic
transmission, including but not limited to the Prospectus relating to
the Plan, all participation materials, and all other documents required
to be delivered in connection with the Plan. Upon request, the Company
will provide any such documents to Awardee (at no cost) in tangible
written form.

	6.	 	Disputes and Governing Law.

	 	(a)	 	This Award Agreement shall be governed by and construed in accordance
with the substantive law of the state of Delaware, without regard to the
choice of law rules in such state. Any dispute, controversy, or
question arising under this Agreement shall be referred for decision by
arbitration in Dallas County, Texas by a neutral arbitrator selected by
the parties hereto. The proceedings shall be governed by the Rules of
the American Arbitration Association then in effect or such rules last
in effect (in the event Association is no longer in existence). If the
parties are unable to agree upon such a neutral arbitrator within thirty
(30) days after one party has given the other written notice of the
desire to submit the dispute, controversy or question for decision as
aforesaid, then either party may apply to the American Arbitration
Association for an appointment of a neutral arbitrator or if such
Association is not then in existence or does not act in the matter
within thirty (30) days of application, either party may apply to the
courts of the State of Texas for an appointment of a neutral arbitrator
to hear the parties and settle the dispute, controversy or question and
such judge is hereby authorized to make such appointment. The decision
of the neutral arbitrator shall be final, conclusive and binding on all
interested persons and no action at law or equity shall be instituted,
or if instituted, further prosecuted by either party other than to
enforce the award of the neutral arbitrator. The award of the neutral
arbitrator may be entered in any court that has jurisdiction. Neither
party will be liable to the other for punitive damages for any such
claims, and Awardee hereby waives any claims against Company for such
damages. The parties agree that the arbitrator shall have the authority
to award reasonable attorneys’ fees and expenses to the prevailing party
in any proceeding under this Section 6(a).
	 
	 	(b)	 	If any legal proceeding is brought to enforce or interpret the terms
of this Agreement, the prevailing party will be entitled to reasonable
attorneys’ fees, costs, and necessary disbursements in addition to any
other relief to which that party may be entitled.
	 
	 	(c)	 	If any provision of this Agreement is held invalid or unenforceable
for any reason, the validity and enforceability of all other provisions
of this Agreement will not be affected. The section headings used
herein are for reference and convenience only and do not affect the
interpretation of this Agreement. This Award Agreement (including the
Unit Certificate), together with the Plan, constitutes the entire
agreement between the parties with respect to its subject matter and may
be waived or modified only in writing.

	 	7.	 	Non-Competition and Non-Disclosure. Awardee acknowledges that: (i) in
the course and as a result of employment with the Company or the Employer,
Awardee will obtain special training and knowledge and will come in
contact with the Company’s or the Employer’s current and potential
customers, which training, knowledge, and contacts would provide
invaluable benefits to competitors of the Company and the Employer; (ii)
the Company and the Employer are continuously developing or receiving
Confidential Information, and that during Awardee’s employment he or she
will receive Confidential Information from the Company, the Employer, and
their respective customers and suppliers and special training related to
the Company’s and the Employer’s business methodologies; and (iii)
Awardee’s employment by the Employer creates a relationship of trust that
extends to all Confidential Information that becomes known to Awardee.
Accordingly, and in consideration of this Award, Awardee agrees that the
Company and the Employer will be entitled to terminate all rights to
exercise the Award and to exercise the rights specified in Section 8 below
if Participant does any of the following without the prior written consent
of the Company or the Employer:

	 	(a)	 	while employed by the Company or the Employer or within one year
thereafter:

	 	 	 	 	 
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	 	(i)	 	competes with, or engages in any business that is competitive
with, the Company or the Employer within 250 miles of any location at
which Awardee was employed by or provided services to the Company or
the Employer;
	 
	 	(ii)	 	solicits or performs services, as an employee, independent
contractor, or otherwise, for any person (including any Affiliate or
Subsidiary of that person) that is or was a customer or prospect of
the Company or the Employer during the two years before Awardee’s
Severance Date if Awardee solicited business from or performed
services for that customer or prospect while employed by the Company
or the Employer; or
	 
	 	(iii)	 	recruits, hires, or helps anyone to recruit or hire anyone who
was an employee of the Company or any Affiliate or Subsidiary of the
Company, or of any of their customers for whom Awardee performed
services or from whom Awardee solicited business, within the six
months before Awardee’s Severance Date; or

	 	(b)	 	discloses or uses any Confidential Information, except in connection
with the good faith performance of Awardee’s duties as an employee or,
solely with respect to the terms of this Agreement or the Plan, to
Awardee’s spouse or legal or financial advisors; or fails to take
reasonable precautions against the unauthorized disclosure or use of
Confidential Information; or solicits or induces the unauthorized
disclosure or use of Confidential Information.

	 	 	If any court of competent jurisdiction finds any provision of this Section 7
to be unreasonable, then that provision shall be considered to be amended to
provide the broadest scope of protection to the Company that such court would
find reasonable and enforceable. For purposes of this Section 7, the term
“Confidential Information” means all written, machine reproducible, oral and
visual data, information and material, including but not limited to the terms
of this Agreement and the Plan, business, financial and technical
information, computer programs, documents and records (including those that
Awardee develops in the scope of his or her employment) that (i) the Company,
its Affiliates and Subsidiaries, or any of their respective customers or
suppliers treats as proprietary or confidential through markings or
otherwise, (ii) relates to the Company, its Affiliates and Subsidiaries, or
any of their respective customers or suppliers or any of their business
activities, products or services (including software programs and techniques)
and is competitively sensitive or not generally known in the relevant trade
or industry, or (iii) derives independent economic value from not being
generally known to, and is not readily ascertainable by proper means by,
other persons who can obtain economic value from its disclosure or use.
Confidential Information does not include any information or material that is
approved by the Company or its Affiliates or Subsidiaries for unrestricted
public disclosure.
	 
	8.	 	Right to Buy Back Stock and to Require Payback of Certain Profits.

	 	(a)	 	If the Administrator (i) discovers that Awardee has engaged in any
conduct prohibited by Section 7 or (ii) determines, in its sole
discretion, that Awardee’s employment by the Company or any of its
Affiliates or Subsidiaries terminated or, if the relevant facts been
known at the time, would have been terminated for Substantial
Misconduct, then the Company will have the right for 150 days after the
Administrator discovers or determines the relevant facts (A) to cancel the
issuance of any unissued Vested Shares, (B) to buy from Awardee, at a
purchase price equal to the Fair Market Value on the Grant Date, any
Shares issued to Awardee that vested on or after the date two years before
the date the Administrator discovered the relevant facts, and (C) to
require Awardee to pay to the Company the Net Investment Proceeds with
respect to any Shares that have been sold or otherwise transferred by
Awardee that the Company has the right to buy pursuant to clause (B)
above. For purposes of this Section 8, “Substantial Misconduct” means
termination of employment for conduct resulting in a felony conviction of
Awardee; actions involving moral turpitude, theft, or dishonesty in a
material matter; breach of any obligation under Section 7 of this
Agreement; or failure by Awardee to carry out the directions,
instructions, policies, rules, regulations, or decisions of the Company’s
or the Employer’s Board of Directors including, without limitation, those
relating to business ethics and the ethical conduct of the business of the
Company and its Affiliates and Subsidiaries. For purposes of this Section
8, “Net Investment Proceeds,” with respect to any Share sold or otherwise
transferred by Awardee or Awardee’s successor in interest, means the
greater of the value of the gross proceeds received for such share or the
Fair Market Value of such Share on the date of sale or transfer less, in
either case, (i) any reasonable and customary commission paid for the sale
or transfer, and (ii) the verified amount of any income taxes paid or
payable

	 	 	 	 	 
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	 	 	 	on the sale or transfer. Notwithstanding Section 11(a) of the Plan,
Vested Shares shall not be held in escrow.
	 
	 	(b)	 	The Company may exercise its right by notifying Awardee of its
election to exercise its right within such 150-day period. Awardee shall
tender to the Company, within 10 days, the applicable Shares together
with a duly executed stock power attached in proper form for transfer
and/or a cashiers or certified check in the amount of the Net Investment
Proceeds. If any such Shares or Net Investment Proceeds are not
tendered within 10 days, the Company may cancel any outstanding
certificate representing such Shares. The Company shall tender the
purchase price for tendered Shares within five business days after the
Shares are tendered to the Company or the Company cancels the applicable
certificate, whichever occurs first.

	9.	 	No Section 83(b) Election. Awardee shall not make an election under
Section 83(b) of the Code without the Company’s prior written consent.

	 	 	 	 	 
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EXHIBIT 10.30

AMENDED AND RESTATED LICENSE AGREEMENT

     THIS AGREEMENT, dated as of August 1,1992, is by and between Perot Systems
Family Corporation, a Texas corporation and H. R. Perot, (collectively
“Licensor”), and Perot Systems Corporation, a Texas corporation (“Licensee”).

WITNESSETH:

     WHEREAS, Licensor has certain rights to make business use of the names
“Perot” and “Perot Systems” (collectively the “Name”); and

     WHEREAS, Perot Systems Family Corporation and Licensee, through its
predecessor Perot Systems Information Systems, Inc., entered into a License
Agreement dated May 18,1988, pursuant to which Licensee was granted the right
to use the name in connection with its business; and

     WHEREAS, the parties wish to amend and restate their Agreement as set
forth hereinafter;

     NOW, THEREFORE, in consideration of the foregoing and of the mutual
promises hereinafter set forth, the parties agree as follows:

     1.     Grant of License. Subject to the terms and conditions of this Agreement,
Licensor hereby grants Licensee the right to use “Perot Systems Corporation” as
a corporate name and “Perot Systems” as a trade name in connection with
Licensee’s business and that of any legal entities which are or may hereafter
become direct or indirect wholly-owned subsidiaries (“Subsidiaries”) of
Licensee. To that extent, all such Subsidiaries shall be deemed Licensees
hereunder.

     2.     Ownership of Name. Licensee acknowledges Licensor’s rights in the Name and
agrees it will do nothing inconsistent with such rights. Licensee shall keep
Licensor informed of the products and services with respect to which the Name
is used by Licensee and shall comply with any reasonable guidelines relating to
the use of the Name that Licensor may provide to Licensee from time to time.

     3.     Quality Standards. Licensee agrees that it will not use the Name in any
manner, or in connection with any products or services, which might, in
Licensor’s sole judgment, result in a diminution of the value of the Name or
bring disrepute to the Name. Licensee shall have no right to use the Name
except in connection with use of “Perot Systems Corporation” as its corporate
name, “Perot Systems” as part of the name of a Subsidiary, and “Perot Systems”
as a trade name.

     4.     Infringement Proceedings. Licensee agrees to notify Licensor of any
unauthorized use of the Name by others promptly as it comes to Licensee’s
attention. At the request of the Licensor or with the Licensor’s approval,
Licensee shall, at its expense, promptly bring infringement or unfair
competition proceedings with regard to any unauthorized use of the Name.
Licensor shall have the right to join in any such proceeding at its expense.

     5.     Term. The rights granted to Licensee in this Agreement shall continue
indefinitely, but either party may, in its discretion, terminate such rights at
any time, with or without cause, by giving the other party written notice of
such intended termination. Licensee shall discontinue all use of the Name in
accordance with Section 6 hereof within one year following the receipt of any
such notice of intended termination.

     6.     Effect of Termination. Upon receipt of notice of intended termination of
the rights granted in this Agreement, Licensee shall, within one year
thereafter, discontinue all use of the Name and any name or mark confusingly
similar thereto, shall delete “Perot” from its corporate name and trade name
and that of any subsidiaries, and shall take whatever other actions may be
reasonably necessary to ensure that all rights in the Name and the goodwill
connected therewith shall remain Licensor’s property.

     7.     Trademarks and Service Marks. Licensee has and shall have the right to
register “Perot Systems” as a trademark or service mark in any country or state
in connection with uses of the Name permitted by this Agreement, and to take
any other steps Licensee deems appropriate, at its expense to protect or
enhance the intellectual property rights granted in this Agreement. In the
event of any

 

 

termination of this Agreement, and upon the request of Licensor,
Licensee will transfer to Licensor all such trademarks, service marks, and
other intellectual property rights relating to the Name which Licensee may then
have.

     8.     Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of Texas.

     9.     Severability. If any provision of this Agreement shall be held invalid or
unenforceable for any reason, the validity and enforceability of all other
provisions of this Agreement shall not be affected thereby.

     10.     Entire Agreement. This Agreement constitutes the entire agreement between
the parties hereto with respect to its subject matter and may be waived or
modified only in writing.

     IN WITNESS WHEREOF, and intending to be legally bound hereby, the parties
have executed this Agreement as of the date first above written.

	 	 	 	 	 	 	 
	

	PEROT SYSTEMS FAMILY CORPORATION	 	PEROT SYSTEMS CORPORATION
	

	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	

	By:

	 	/s/ H. R. Perot
	 	By:	 	 
	

	 	
 
	 	 	 	
 
	

	 	H. R. Perot

President
	 	 	 	J. Patrick Horner

President
	 
	 	 	 	 	 	 
	

	

	/s/ H. R. Perot	 	 
	
 	 	 	 	 
	H.R. Perot

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