Document:

EX-4.1 Form of Certificate of TRW AUtomotive

 

	 	 	 	 	 	 	 	 	 
	Exhibit 4.1	 	 	 	 	 	 	 	[FRONT OF CERTIFICATE]
	
	
	
	

	
	
	
	

	
	
	
	

	
	
	
	

	
	
	
	

	
	
	
	

	
	
	
	

	 	 	
COMMON

STOCK
	 	 	 	COMMON

STOCK	 	 
	
	
	
	

	 	 	
INCORPORATED UNDER THE

 LAWS OF THE STATE OF DELAWARE
	[TRW AUTOMOTIVE LOGO]
	 	 	[_________________]
	 	 	 	 	 	 	 	 	                     Shares
	 	 	 	 	 	 	 	 	                     
	
	
	
	

	No.	 	TRW AUTOMOTIVE INC.	CUSIP

SEE REVERSE FOR CERTAIN DEFINITIONS
	
	
	
	

	THIS CERTIFICATE IS TRANSFERABLE IN NEW YORK,
NY OR CLEVELAND, OH

THIS CERTIFIES THAT

IS THE OWNER OF

FULLY PAID AND NON-ASSESSABLE SHARES OF THE COMMON STOCK, $.001 PAR VALUE PER
SHARE OF TRW AUTOMOTIVE INC. (hereinafter referred to as the “Corporation”),
transferable on the books of the Corporation by the holder hereof in person or
by duly authorized attorney upon surrender of this Certificate properly
endorsed. This Certificate and the shares represented hereby are issued and
shall be held subject to all the provisions of the Certificate of
Incorporation, as amended, of the Corporation (a copy of which is on file at
the office of the Corporation), to all of which the holder of this Certificate
by acceptance hereof assents. This Certificate is not valid until
countersigned by the Transfer Agent and registered by the Registrar.

           Witness the signatures of the duly authorized officers of the Corporation.

Dated

	 	 	 	 	 
	 	 	
SECRETARY
	 	CHAIRMAN

	 	 	 	 	 
	 	 	 	 	 
	
	
	
	

	 	 	COUNTERSIGNED AND REGISTERED

                                   NATIONAL CITY BANK

                                                TRANSFER AGENT AND REGISTRAR
	
	
	
	

	 	 	
By	 	 
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	 	 	                                                        Authorized Signature

 

 

[REVERSE OF CERTIFICATE]

TRW AUTOMOTIVE INC.

         THE CORPORATION WILL FURNISH WITHOUT CHARGE, TO EACH STOCKHOLDER WHO SO
REQUESTS, THE POWERS, DESIGNATIONS, PREFERENCES AND RELATIVE, PARTICIPATING,
OPTIONAL OR OTHER SPECIAL RIGHTS OF EACH CLASS OF STOCK OR SERIES THEREOF THAT
THE CORPORATION IS AUTHORIZED TO ISSUE, AND THE QUALIFICATIONS, LIMITATIONS OR
RESTRICTIONS OF SUCH PREFERENCES AND/OR RIGHTS. ANY SUCH REQUEST MAY BE
ADDRESSED TO THE SECRETARY OF THE CORPORATION OR TO THE TRANSFER AGENT AND
REGISTRAR NAMED ON THE FACE HEREOF.

         The following abbreviations, when used in the inscription on the face of
this Certificate, shall be construed as though they were written out in full
according to applicable laws or regulations:

	 	 	 	 	 
	TEN COM —

TEN ENT   —

JT TEN      —
	 	
as tenants in common

as tenants by the entireties

as joint tenants with right of

survivorship and not as tenants
in common

	 	UNIF GIFT MIN ACT—________Custodian_______
     
                                     (Cust)                          (Minor)
     under
Uniform Gifts to Minors
Act_______

                                                                      (State)

	 	 	     Additional abbreviations may also be used though not in the above list.

	 
	 
	
	
	
	

	
For value received, ______________________________hereby sell, assign and transfer unto,
	
	
	
	

	 
	
	
	
	

	
     PLEASE INSERT SOCIAL SECURITY OR OTHER
     TAXPAYER
IDENTIFYING NUMBER OF ASSIGNEE

	
[________________]
	
	
	
	

	
	
	
	

	
	
	
	

	
	
	
	

	
	
	
	

	
	
	
	

	
	
	
	

	

	
	
	
	

	
(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)
	
	
	
	

	
	
	
	

	 
	
	
	
	

	 
	
	
	
	

	

	
	
	
	

	 
	
	
	
	

	

	
	
	
	

	 
	
	
	
	

	
	
	
	

	

	
	
	
	

	
_______________________________________________________________________ shares of
the capital stock represented by the within Certificate, and do hereby irrevocably constitute and appoint ________________________________________________, Attorney to transfer the said stock on the books of the within named Corporation with full power of substitution in the premises.
	
	
	
	

	 
	
	
	
	

	
Dated ______________________________

	 	 	 	 	 	 	 	 	 
	 	 	
              NOTICE:	 	 	 	 	 	 
	
	
	
	

	 	 	 	 	 	 	 	 	 
	
	
	
	

	 	 	
THE SIGNATURE(S) TO THIS

ASSIGNMENT MUST CORRES-

POND WITH THE NAME(S) AS

WRITTEN UPON THE FACE OF

THE CERTIFICATE IN EVERY

PARTICULAR WITHOUT

ALTERATION OR

ENLARGEMENT OR ANY

CHANGE WHATEVER.
	 		 	 	X

         

         

         

         

         

        X
        	 

(SIGNATURE)
 

 
 

(SIGNATURE)
	
	
	
	

	 	 	 	 	 	 	 	 	 

	 	 	 
	 	 	
THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR
INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS
AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE
GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE 17Ad-15.

	
	
	
	

	 	 	

	
	
	
	

	 	 	
SIGNATURE(S) GUARANTEED BY:EX-10.8 Form of Trademark License Agreement

 

Exhibit 10.8

TRADEMARK LICENSE AGREEMENT

         This TRADEMARK LICENSE AGREEMENT (“Agreement”) is dated as of      ,
2002 (the “Effective Date”) between TRW INC., an Ohio corporation (“Licensor”),
and TRW AUTOMOTIVE INC., a corporation organized under the laws of Delaware and
a wholly-owned subsidiary of Licensor (“Licensee”). Licensor and Licensee are
sometimes referred to herein individually as, “Party” and collectively as, the
“Parties.”

         RECITALS

         WHEREAS, Licensor and Licensee have entered into that certain Master
Distribution Agreement of even date herewith (the “Distribution Agreement”),
which provides, among other things, for the separation of the TRW Automotive
Business from Licensor;

         WHEREAS, pursuant to Section 5.1(a) of the Distribution Agreement,
Licensor has agreed to license certain intellectual property to Licensee,
namely, the Licensed Marks (as defined herein) for use in connection with
Automotive Products, Automotive Services and, on certain terms and conditions,
New Products and Services (each defined herein);

         WHEREAS, there is substantial goodwill associated with the Licensed Marks
as a result of Licensor’s use of the Licensed Marks in connection with its
businesses, including in connection with the TRW Automotive Business prior to
the separation of the TRW Automotive Business from Licensor, through the
operation of the TRW Automotive Business by persons who will be associated with
Licensee after the separation;

         WHEREAS, the separation of the TRW Automotive Business from Licensor and
the operation of that business by Licensee under the Licensed Marks as provided
for in this Agreement is intended to preserve the goodwill in the Licensed
Marks by assuring purchasers of Automotive Products and Automotive Services
that such products and services are of the same level of quality as prior to
the separation of the TRW Automotive Business from Licensor; and

         WHEREAS, Licensee desires to obtain the right and license to use the
Licensed Marks in connection with the Automotive Products, Automotive Services
and, on certain terms and conditions, New Products and Services, all on the
terms and conditions of this Agreement.

         NOW, THEREFORE, for one dollar ($1.00) in hand and for other good and
valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties agree as follows:

 

 

         I.     DEFINITIONS

         1.1 Definitions. All terms used but not defined herein, shall have the
meaning set forth in the Distribution Agreement (as defined above). For
purposes of this Agreement, the following capitalized terms shall have the
following meanings:

         “Affiliate” An “Affiliate” of, or a Person “Affiliated” with, any
specified Person means a Person that, directly, or indirectly through one or
more intermediaries, Controls, or is Controlled by, or is under common Control
with, such specified Person. For purposes of this Agreement, “Control” shall
mean either the possession, directly, or indirectly through one or more
intermediaries, of the power to direct or cause the direction of the management
and/or policies of such Person, whether through the ownership of voting
securities, by contract, or otherwise.

         “Automotive Products” means steering, suspension, braking, engine,
occupant safety, electronic and electro-mechanical components, modules and
systems, engineered fastening and other components and systems for passenger
cars, light trucks, commercial vehicles and other land-based motor vehicles,
including inflatable restraint, seat belt and steering wheel components and
systems; braking components, systems and related products; steering and
suspension systems and components; chassis components, modules and integrated
vehicle control systems; vehicle dynamic control systems and electronics;
access, security and safety electronics systems; display and heating,
ventilating and air conditioning electronics; engineered and plastic fasteners
and precision plastic moldings and assemblies; engine components and systems;
commercial steering systems and components, and any other automotive products
for which Licensor was using the Licensed Marks as trademarks immediately prior
to the Effective Date.

         “Automotive Services” means services, including but not limited to design
services, logistics services, assembly services, warranty administration
services, technical support services and diagnostic services, reasonably
related or incidental to the development, manufacture, sale or distribution of
Automotive Products and any other automotive services for which Licensor was
using the Licensed Marks as trademarks immediately prior to the Effective Date.

         “Licensed Products” means (i) Automotive Products and (ii) New Product and
Services that are products (if and when approved by Licensor pursuant to
Section 2.4 hereof), that are, in each case, designed, manufactured, promoted,
distributed, or sold by or on behalf of Licensee or its sublicensees under the
Licensed Marks in accordance with this Agreement.

         “Licensed Services” means (i) Automotive Services and (ii) New Products and
Services that are services (if and when approved by Licensor pursuant to
Section 2.4 hereof), that are, in each case, provided, promoted, or sold by or
on behalf of Licensee or its sublicensees under the Licensed Marks in
accordance this Agreement.

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         “Licensed Marks” means the TRW Mark and TRW Logo and all trademark and
service marks, rights, and, if applicable, copyrights therein. All current
registrations of the Licensed Marks are set forth on Schedule I hereto.

         “New Products and Services” means products and/or services that have
qualified for inclusion as part of the Licensed Products or Licensed Services
pursuant to Section 2.4 hereof. To the extent that Automotive Services and
Automotive Products are of a type that was not sold by Licensor or Licensee as
of the Effective Date, they shall be considered New Products and Services.

         “Person” means any natural person, corporation, partnership, limited
liability company, trust, joint venture, or other legal entity or organization
including a government, political subdivision, or agency or instrumentally
thereof.

         “Pre-Existing Rights” means the rights of any Person, other than Licensee
and its sublicensees, to use the Licensed Marks, or to design, manufacture,
promote, distribute and/or sell Licensed Products or Licensed Services under
the Licensed Marks, which conflict with the rights granted to Licensee under
this Agreement, in each case pursuant to agreements that are in effect as of
the Effective Date. All agreements containing Pre-Existing Rights as of the
Effective Date are set forth on Exhibit C.

         “Term” means the duration of this Agreement, as defined under Section 4.1
hereof.

         “TRW Logo” means the logo in the form set forth on Exhibit B hereto, and
all variations approved by Licensor pursuant to Section 2.2 of this Agreement.

         “TRW Mark” means the term “TRW”, whether alone or in combination with
other words, phrases, slogans, or graphics, including the variations thereon
set forth on Exhibit B hereto, and all variations approved by Licensor pursuant
to Section 2.2 of this Agreement.

         II.     USE OF TRADEMARKS

         2.1 Grant of Licenses.

         (a)  Subject to the terms and conditions of this Agreement, including the
termination provisions below, and effective from and after the Distribution
Declaration Date, Licensor hereby grants to Licensee a perpetual, royalty-free
right and license to use the Licensed Marks , in the manners specified herein,
in connection with the design, manufacture (including contract manufacture,
under sub-licenses where appropriate), promotion, distribution, sale and resale
throughout the world of Automotive Products, in connection with the provision,
promotion, sale and resale throughout the world of the Automotive Services,
and, if and when, New Products and Services are approved pursuant to Section
2.4, the design, manufacture (including contract manufacture, under
sub-licenses where appropriate),distribution, provision, promotion, sale and
resale of New Products and Services. The foregoing grant includes the right
for Licensee to promote,

3

 

 distribute, and sell Licensed Products and Licensed Services over the
Internet, or any similar or successor communications medium, or via any
website.

         (b)  Notwithstanding the foregoing, the scope of the rights granted
hereunder (including any exclusivity) shall be limited by, and subject to,
Pre-Existing Rights, in each case unless and until such Pre-Existing Rights
terminate. All rights and licenses pertaining to the Licensed Marks and not
expressly granted under this Agreement are reserved by Licensor.

         (c)  Licensee agrees that it will not use the Licensed Marks as trademarks,
trade names, corporate names, brand names, Internet domain names, “doing
business as” names, service marks, and the like in connection with the design,
manufacture, provision, promotion, distribution, or sale of any products or
services other than Automotive Products, Automotive Services, or if and when
approved, pursuant to Section 2.4 hereof, New Products and Services.

         (d)  Subject to the terms and conditions of this Agreement, including the
termination provisions below, Licensor consents to Licensee’s use of any
Licensed Mark as part of the corporate name “TRW Automotive Inc.” and to the
use of any Licensed Mark as part of the corporate names of Licensee’s
subsidiaries and affiliates who are licensees or sublicensees of the Licensed
Marks. Any variations to a Licensed Mark for use as part of Licensee’s or its
subsidiaries’ and affiliates’ corporate names are subject to Licensor’s
approval, such approval not to be withheld unreasonably.

         (e)  Licensee shall not use any of the Licensed Marks in any manner that
may give the impression that the Licensed Marks are owned by Licensee (unless
such is the case pursuant to Section 2.5(g) hereunder or otherwise). Licensee
shall be permitted to indicate on its letterhead, business cards, invoices, and
other similar business documents, and on packaging and promotional materials
for the Licensed Products or Licensed Services, that Licensee is the “maker
of,” or “distributor of” the Licensed Products or Licensed Services, so long as
Licensee uses, where commercially feasible, any legend regarding Licensor’s
ownership of the Licensed Marks reasonably required by Licensor to be used,
such as, by way of example, “TRW is the name and mark of TRW Inc. used under
license.”

         2.2 Form of Licensed Marks; Variations. Licensee shall use the Licensed
Marks only in block print format, the format(s) set forth on Exhibit B, or the
format(s) approved by Licensor, as follows: If Licensee desires to adopt a
variation of the Licensed Mark, then Licensee shall submit its proposed
variation to Licensor for its written approval, which approval shall not be
unreasonably withheld. The parties acknowledge that any variation in the
Licensed Marks shall be owned by Licensor and shall, if and when approved by
Licensor, be considered covered by the terms of this Agreement that apply to
the Licensed Marks. In no event shall Licensee conjoin any of Licensee’s own
trademarks, service marks, corporate or fictional names, or Internet domain
names with any Licensed Mark without Licensor’s written consent, such consent
not to be withheld unreasonably. At all times, Licensee shall use Licensed
Marks properly as trademarks, i.e., as an adjective and not as a noun or a
verb. The use of the Licensed Marks shall be

4

 

consistent with the requirements and/or guidelines established in the style
guide in use on the Effective Date by the Licensor and provided to Licensee.

         2.3 Quality Control Standards.

         (a)  Licensee acknowledges that the Licensed Marks have established
valuable goodwill and are well-regarded by purchasers of Automotive Products
and Automotive Services heretofore sold by Licensor under the Licensed Marks as
symbolizing products and services of high quality, and that it is of great
importance to Licensor that the goodwill of the Licensed Marks be maintained
when they are used by Licensee under this Agreement in connection with the
Licensed Products and Licensed Services, and New Products and Services.
Licensee shall not use the Licensed Marks or conduct the TRW Automotive
Business in any manner that will adversely affect the goodwill associated with
the Licensed Marks.

         (b)  Licensor and Licensee acknowledge that Licensee is fully familiar with
the design, manufacture, distribution, sale, resale and promotion of Automotive
Products and Automotive Services under the Licensed Mark, and the manner in
which the goodwill of the Licensed Marks has been developed and maintained over
the years, as a result of the participation, for many years prior to the
separation of the TRW Automotive Business from Licensor, of various principals
and employees of Licensee in the TRW Automotive Business as it was conducted by
Licensor. Licensee agrees that in the conduct of the TRW Automotive Business
under the Licensed Marks under this Agreement, it will not materially deviate
from the quality standards in place on the Effective Date with respect to
Automotive Products and Automotive Services sold by Licensor at the time of the
separation of the TRW Automotive Business from Licensor, without the prior
written approval of Licensor, such approval not to be unreasonably withheld.
All New Products and Services sold under the Licensed Marks as permitted
hereunder shall generally conform to the quality standards in place on the
Effective Date with respect to Automotive Products and Automotive Services sold
by Licensor at the time of the separation of the TRW Automotive Business from
Licensor, or such other quality standards as may be approved in writing by
Licensor hereunder, such approval not to be unreasonably withheld.

         (c) Licensee agrees that, upon Licensor’s request, on an annual basis, it
will provide Licensor or its designee with catalogs, products, product
specifications or other materials sufficient, in the exercise of Licensor’s
reasonable business judgment, to enable Licensor to determine whether or not
Licensee has satisfied its obligations to maintain the level of quality
specified within on a consistent basis with respect to Automotive Products,
Automotive Services, and New Products and Services sold under the Licensed
Marks hereunder. Licensee also agrees that, on an annual basis, with
reasonable advance notice, it will permit Licensor or its designee reasonable
access to such of Licensee’s physical facilities or plants, and to such of
Licensee’s non-privileged business files and records, as are sufficient, in the
exercise of Licensor’s reasonable business judgment, to enable Licensor to
determine whether or not Licensee has satisfied its obligations to maintain
such a level of quality.

5

 

         (d)  Licensee shall comply with all laws, rules, and regulations
applicable to its design, manufacture, provision, promotion, distribution,
sale, and resale of Licensed Products, and Licensed Services, and its use of
the Licensed Marks.

         (e)  No inspection or approval by Licensor shall constitute any express or
implied representation or warranty by Licensor that any products are in
compliance with any laws, rules or regulations, or are otherwise free of
defects.

         2.4 New Products and Services.

         (a)  From time to time, Licensee may add specific products and services as
Licensed Products or Licensed Services, to the extent that (i) such products
and services are related to and/or constitute a reasonable extension of the TRW
Automotive Business, and (ii) Licensee can document a bona fide intent to
design, manufacture, provide, promote, distribute or sell such product or
service under the Licensed Marks within a year of such proposal. In order to
be eligible to become a Licensed Product or Licensed Service, such product or
service must be consistent with the image and reputation of the Licensed Marks
and not compete with any product or service which is then being designed,
manufactured, provided, promoted, distributed or sold by Licensor, its
Affiliates or their respective licensees or which Licensor can demonstrate that
it or its Affiliates or their respective licensees are contemplating designing,
manufacturing, providing, promoting distributing or selling within the next
year. The quality of such New Products and Services must be as specified in
Section 2.3(b). Licensee shall notify Licensor of a product or service that it
believes qualifies as a New Product or Service for purposes of this Agreement,
and such product or service shall become a New Product or Service and be
covered by the grant of licenses, and other applicable provisions of this
Agreement that apply to Licensed Products (to the extent that such New Product
or Service is a product), or to Automotive Services (to the extent that such
New Product or Service is a service) unless Licensor objects in writing within
thirty (30) days of Licensee’s notification. If Licensor objects, the issue
shall be resolved pursuant to the dispute resolution procedures set forth in
Article 7 hereto. Notwithstanding the foregoing, if a New Product or Service
that has been approved for inclusion as a Licensed Product or Licensed Service
under this Agreement has not been the subject of bona fide development, design,
manufacturing, distribution, or sales efforts by the second anniversary of such
approval, it shall no longer be deemed covered by this Agreement.

         (b)  Legends and Notices. Licensee shall use, in connection with the
Licensed Marks, such legends, markings, and notices as Licensor may reasonably
specify in writing from time to time, to indicate registration or trademark
status.

         2.5 Ownership and Registration of Licensed Marks.

         (a)  Licensee acknowledges that Licensor owns all rights in the Licensed
Marks and the goodwill associated therewith. All use of the Licensed Marks by
Licensee and the goodwill generated thereby, shall inure to the benefit of
Licensor for trademark purposes. Licensee acknowledges that nothing herein
gives Licensee any right, title or interest in the Licensed Marks, apart from
the license granted hereunder and, in no event

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 shall Licensee’s use of the License Marks be deemed to vest any right,
title, or interest to the Licensed Marks in Licensee.

         (b)  Licensee acknowledges that the Licensed Marks are valid and
enforceable and any registration thereon is duly and validly issued. Licensee
agrees that it shall not, directly or indirectly: (i) use any Licensed Mark in
any way that may impair its validity as a mark; (ii) challenge, or take any
other action that may impair, Licensor’s rights in any Licensed Mark or impair
its validity or enforceability as a mark; (iii) apply for the registration of
the Licensed Marks, or any name or mark which is confusingly similar to the
Licensed Marks; or (iv) use any name or mark that is confusingly similar to the
Licensed Marks.

         (c) Licensee acknowledges that Licensor, as the owner of the Licensed
Marks, has the sole right to apply for registration of the Licensed Marks as
trademarks or service marks, or to seek any other protection of the Licensed
Marks as intellectual property; provided however that during the term of this
Agreement, Licensee shall have the right to apply for and maintain Internet
Domain names containing the Licensed Marks subject to the written approval of
Licensor, such approval not to be unreasonably withheld. The registration and
use of such domain names shall be considered use of the Licensed Marks and
shall be subject to the provisions of this Agreement. Licensor shall have the
exclusive right to use the “www.TRW.com” Internet domain name; provided however
that if Licensor ever ceases the use of that Internet domain name in connection
with the promotion of itself and its business, it will sell all rights to
“www.TRW.com” to Licensee for One Dollar ($1) it being understood that a
transfer of Licensor’s rights in the domain name to a successor to its business
shall not constitute a “cessation” of Licensor’s use for purposes of this
provision; provided that the successor continues use in connection with its
business. Moreover, Licensor hereby grants Licensee the right to use all
content reasonably related to the TRW Automotive Business, and such other
content as mutually agreed by the parties, that is posted on “www.TRW.com” on
or before the Effective Date on Licensee’s own websites except to the extent
such use would violate third party rights in existence as of the Effective
Date. Moreover, Licensor agrees to post a prominent notice on the home page of
“www.TRW.com” during the first six (6) months following the Effective Date
indicating that Licensee is now an independent company and is using the
Licensed Marks under license from Licensor and providing contact information
for Licensee. Licensee shall cooperate with Licensor in maintaining
registrations of the Licensed Marks, prosecuting applications to register the
Licensed Marks, and obtaining or maintaining registrations of Internet Domain
names containing the Licensed Marks, and will supply Licensor with samples of
Licensed Products and Licensed Services bearing the Licensed Mark and
associated materials as may reasonably be requested by Licensor in connection
therewith. In addition, Licensee shall execute all documents, including
registered user agreements and cancellations thereof, which Licensor may
reasonably request in order to establish or to maintain Licensor’s ownership of
or rights in and to the Licensed Marks and Internet Domain names containing the
Licensed Marks. Licensee appoints Licensor as its attorney-in-fact to sign
such documents in Licensee’s name in the event Licensee fails or refuses to do
so.

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         (d)  Licensor shall maintain and renew registrations of the Licensed Marks
which are in existence as of the Effective Date in connection with the
Automotive Products, Automotive Services and New Products and Services that are
covered by the license in this Agreement, and shall continue to prosecute
applications for registration of the Licensed Marks for such products and
services that were pending on the Effective Date, for a period of three (3)
years following the Effective Date and, as to pending applications, for such
additional time as may be required to secure registration, unless Licensee
consents in writing not to maintain or renew such registrations, and prosecute
such pending applications. The Parties shall share equally all third party
fees, costs, and expenses, including outside counsel attorneys’ fees, incurred
by Licensor in connection with maintaining and renewing such registrations.

         (e)  For a period of three (3) years following the Effective Date, Licensee
may request the filing of additional applications to register the Licensed
Marks for use in connection with the Licensed Products and Licensed Services,
which applications Licensor will file with the trademark authorities of the
countries designated by Licensee. Licensor may also file additional
applications to register the Licensed Marks in countries not designated by
Licensee, and/or for products and services not designated by Licensee. Licensor
and Licensee shall share equally all third party fees, costs, and expenses,
including outside counsel attorneys’ fees, incurred by Licensor in filing,
prosecuting, maintaining and renewing up to 25 additional applications
requested by Licensee and up to 25 additional applications filed by Licensor on
its own initiative, regardless of whether the prosecution of any application
extends beyond the three-year period following the Effective Date. To the
extent that a party has requested more than twenty-five additional applications
pursuant to this subsection, the requesting party shall bear all third party
fees, costs, and expenses, including outside counsel attorneys’ fees that
result from such additional registrations.

         (f)  Upon the expiration of the three (3) year period following the
Effective Date, Licensor shall be under no obligation to maintain or renew
registrations, to file applications for additional registrations of Licensed
Marks, or, except as provided herein, to continue to prosecute any applications
for Licensed Marks; provided, however that Licensor shall take all such actions
requested in writing by Licensee if Licensee agrees to bear all third party
fees, costs and expenses, including outside counsel attorneys’ fees, incurred
by Licensor in taking such actions.

         (g) In the event that Licensor abandons the Licensed Marks within the
meaning of Section 45 of the United States Trademark Act as amended, Licensor
agrees to assign to Licensee all of Licensor’s right, title and interest in and
to the Licensed Marks, together with the goodwill associated therewith (subject
only to any pre-existing rights of Licensor’s other licensees), and all
registrations of, and pending applications to register, the Licensed Marks.
Licensor hereby appoints Licensee as its attorney-in-fact to execute such
assignments and other documents if Licensor fails or refuses to do so.

8

 

         2.6 Infringement Claims.

         (a)  Licensor and the Licensee shall cooperate to police diligently the
Licensed Marks. Licensee shall promptly notify Licensor in writing of any
unauthorized use, infringement, misappropriation, dilution, unfair competition
or other improper use of the Licensed Marks including the filing of an
application for registration of a mark or domain name (an “Infringement”) of
which Licensee becomes aware or suspects. As owner of the Licensed Marks,
Licensor shall have the sole right to decide whether or not to take any action
with respect to any Infringement, whether brought to Licensor’s attention by
Licensee or independently discovered, provided however that Licensor shall act
in accordance with subsection 2.6(c) hereof in making such decision. Licensor
shall communicate its decision whether or not to take action to Licensee with
respect to any Infringement in writing within a commercially reasonable period
after receipt of Licensee’s notice, or discovery of the Infringement, as the
case may be, the length of which period shall depend upon the nature of the
Infringement and, in any event, shall not be more than thirty (30) days from
the date of receipt of Licensee’s notice or the discovery of the Infringement.

         (b)  In the course of deciding what (if any) action to take against an
Infringement, Licensor shall exercise its reasonable business judgment, taking
into account the objective of protecting the Licensed Marks from infringement,
dilution, misappropriation, unfair competition and other improper use,
protecting the relevant purchasing public from confusion, mistake or deception,
and protecting Licensee’s reasonable expectations under this Agreement.
Licensor also shall give due weight to the desires of Licensee and the actual
and potential harm to Licensee as a result of the Infringement. If Licensor
decides to take action, Licensee shall cooperate fully with Licensor in taking
such action, including making its documents, witnesses, and information
available to Licensor and its counsel, and joining as a party to any proceeding
upon the request of Licensor. All fees, costs and expenses, including outside
counsel attorneys’ fees, in connection with any such action shall be borne
equally by Licensor and Licensee, and all recoveries and other monetary awards
in such actions shall be shared equally. Licensor shall not compromise any
claim, or settle any proceeding, without the written consent of Licensee, which
consent shall not be unreasonably withheld.

         (c)  If Licensor decides not to take action against an Infringement, and
Licensee disagrees with such decision, Licensee may dispute the reasonableness
of Licensor’s decision pursuant to the dispute resolution procedures set forth
in Article VII of this Agreement.

         III. CONFIDENTIALITY

         3.1 The parties agree that all information which is communicated from time
to time by them to each other and their respective Affiliates, agents,
attorneys, accountants,

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 and employees in connection with this Agreement (whether oral, electronic
or written of any kind or nature), or which is confidential and proprietary to
the person disclosing the same shall be deemed secret and confidential
(“Confidential Information”). The parties agree that the Confidential
Information received by them from the other will be maintained in confidence
and that the same will not be disclosed to or used by any person, firm, or
undertaking except their own agents and employees, subcontractors or
distributors hereunder who need to know and/or use such Confidential
Information for the purposes of this Agreement. Any such person given access
to Confidential Information shall be subject to confidentiality provisions by
agreement with Licensor or Licensee no less restrictive than those set forth
herein. If either party is required by law to disclose any Confidential
Information it has received, it will take reasonable efforts to minimize the
extent of any required disclosure and to obtain an undertaking from the
recipient to maintain the confidentiality thereof. Either party must promptly
inform the other party of any information it believes comes within the
circumstances in the immediately preceding sentence. Each party will cooperate
with the other party, at the other party’s expense, in seeking to maintain the
confidentiality of such Confidential Information. Each party’s obligations
under this Section 3 shall terminate, with respect to any particular
information, five (5) years after the date of disclosure of such information,
provided, however, that each party’s obligations under this Section 3 with
respect to any technical information that the providing party protects as a
trade secret shall be kept confidential for five (5) years or such longer
period as such information has not become publicly and readily available in the
marketplace to third parties without being subject to confidentiality
protections.

         3.2 All Confidential Information communicated under this Agreement in
writing shall be marked by the disclosing part with a conspicuous legend,
marking or stamp as Confidential Information. Confidential Information
communicated in non-written format shall be identified by the disclosing party
as confidential at the time of such communication and promptly thereafter
reduced to writing and marked as Confidential Information by the disclosing
party.

         3.3 Nothing in this Section 3 shall require the recipient party to hold in
confidence or otherwise protect from unauthorized use of disclosure any
information that: (i) is known to the recipient at the time of receipt; or (ii)
is or becomes publicly available through no wrongful act of the recipient; or
(iii) is rightfully received by the recipient from a third party without
restriction and without breach of any agreement; or (iv) is independently
developed by the recipient without breach of this Agreement; or (v) is
furnished by the disclosing party to a third party without restriction; or (vi)
is written information that is not marked or labeled as being Confidential
Information of the disclosing party.

         IV.     TERM; TERMINATION

         4.1 Term. Unless earlier terminated as provided in this Agreement, this
Agreement shall remain in effect indefinitely.

10

 

         4.2 Material Breach. Either party may terminate this Agreement, effective
upon written notice, in the event the other party commits a material breach of
this Agreement and such breach is not cured within the applicable cure period
specified in this Agreement upon written notice thereof. If no cure period is
specified, then the cure period shall be thirty (30) days after written notice from
the non-breaching party to the alleged breaching party. Termination of this
Agreement shall be in addition to any remedies that the parties may have under
this Agreement or as a matter of law or equity.

         4.3 Upon the transfer of all of the Licensed Marks to Licensee pursuant to
Section 2.5(g), hereunder, this Agreement shall automatically terminate.

         4.4 Effect of Termination.

         (a)  Upon the termination of this Agreement, the rights and obligations of
the Parties shall terminate, except that the provisions of Section III, VI and
VII shall survive termination of this Agreement. Following termination of this
Agreement, but subject to section 4.4(c) hereto, Licensee shall not use the
Licensed Marks or hold itself out as a licensee of Licensor or the Licensed
Marks. Notwithstanding the preceding sentence, but again subject to section
4.4(c) hereto, upon termination, Licensee shall have the right to use up all
inventories bearing the Licensed Marks, shall have a commercially reasonable
amount of time (in the context of the automotive industry) to change any molds,
dies and the like that place the Licensed Marks onto product and to continue to
sell such products; moreover, Licensee shall cease to use “TRW” in its
corporate name and in the name of any subsidiaries and affiliates and in
Internet Domain names used in the conduct of its business as soon as reasonably
practicable, and in any event within one year.

         (b)  Licensee acknowledges and agrees that, in the event that termination
was caused by its material breach of this Agreement and it has failed to cease
use of the Licensed Marks upon the termination of this Agreement (subject to
its rights set forth in section 4.4(a) hereto, then, in addition to all other
remedies to which Licensor may be entitled, Licensor shall be entitled to
equitable relief by way of temporary, preliminary, and permanent injunctive
relief, in an arbitration proceeding pursuant to Section VII or in any court of
competent jurisdiction.

         V.     DISCLAIMER OF WARRANTIES

         5.1 NEITHER PARTY MAKES ANY WARRANTY, EITHER EXPRESS OR IMPLIED, WITH
RESPECT TO THE LICENSED MARKS, INCLUDING ANY IMPLIED WARRANTIES ARISING AS A
MATTER OF LAW, FOR EXAMPLE, WARRANTIES OF MERCHANTABILITY, FITNESS FOR A
PARTICULAR PURPOSE, OR NON-INFRINGEMENT, AND EACH PARTY HEREBY WAIVES ALL SUCH
WARRANTIES. NO ORAL OR WRITTEN INFORMATION OR ADVICE GIVEN BY OR ON BEHALF OF
EITHER PARTY SHALL CREATE A WARRANTY UNDER THIS AGREEMENT. Nothing herein
shall be construed as limiting any representation or warranty made by either
Party under the Distribution Agreement or any remedies available with respect
to the breach thereof.

11

 

         5.2 LIMITATIONS ON DAMAGES. IN NO EVENT SHALL EITHER PARTY BE LIABLE TO
THE OTHER OR ANY OTHER PERSON FOR ANY INDIRECT, INCIDENTAL, SPECIAL, OR
CONSEQUENTIAL DAMAGES INCURRED BY ANY PERSON, OR FOR ANY PUNITIVE OR EXEMPLARY
DAMAGES CAUSED, IN WHOLE OR IN PART, BY THE USE OF LICENSED MARKS, REGARDLESS
OF THE THEORY OF LIABILITY ON WHICH SUCH CLAIMS ARE BASED, AND EVEN IF SUCH
PARTY IS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES OR CLAIMS. THE FOREGOING
LIMITATION ALSO APPLIES TO INDEMNIFICATION CLAIMS.

         VI.     INDEMNIFICATION

         6.1 Licensee shall indemnify, defend, and hold Licensor, its Affiliates,
and its respective representatives, officers, directors, stockholders,
employees, and agents (the “Licensor Parties”), harmless from any and all
liability, claims, demands, causes of action, judgments, damages, and expenses
(including reasonable attorneys’ and experts’ fees and costs) which the
Licensor Parties may incur or become liable for as a result of claims by any
Person arising from or in connection with Licensee’s, its
sublicensees’, and
their respective agents’ design, manufacture, provision, promotion,
distribution, and sale of the Licensed Products and Licensed Services,
provided, however, that Licensee shall not be obligated to defend or hold
harmless Licensor in the event that such claims, demands, causes of action,
judgments, damages and, expenses arose out of willful misconduct, gross
negligence, or bad faith by Licensor.

         6.2 Licensor shall indemnify, defend, and hold Licensee, its Affiliates,
and its respective representatives, officers, directors, stockholders,
employees, and agents (the “Licensee Parties”), harmless from any and all
liability, claims, demands, causes of action, judgments, damages, and expenses
(including reasonable attorneys’ and experts’ fees and costs) which the
Licensee Parties may incur or become liable for as a result of claims by any
Person arising from or in connection with Licensor’s use of the Licensed Marks,
or from the use by any third party to whom Licensor is also licensing the
Licensed Trademarks in connection with the provision, promotion, distribution,
and sale of any such third party’s products and services, provided, however,
that Licensor shall not be obligated to defend or hold harmless Licensee in the
event that such claims, demands, causes of action, judgments, damages, and
expenses arose out of willful misconduct, gross negligence, or bad faith by
Licensee.

         6.3 Promptly after receipt by any Licensor Party or Licensee Party (an
“Indemnified Party”) of notice of any action, proceeding, claim, or potential
claim (any of which is hereinafter individually referred to as a “Claim”) which
could give rise to a right to indemnification hereunder, the Indemnified Party
shall give the indemnifying party written notice describing the Claim in
reasonable detail, along with copies of any correspondence, court papers, or
other writings setting forth the Claim. The indemnifying party shall have the
right, at its option, to take over responsibility for the defense or settlement
of the Claim, at its own expense and by counsel of its own selection. The
Indemnified Party shall reasonably cooperate with the indemnifying party and
its counsel in the defense and/or settlement of any such Claim. If the
indemnifying party takes over the

12

 

 defense of the Claim, the Indemnified Party shall have the right, at their
own expense, to participate in the defense of such Claim. No Indemnified Party
shall enter into any settlement with respect to such Claim without the
indemnifying party’s prior written consent, which consent shall not be
unreasonably withheld, delayed or conditioned. In the event the indemnifying
party shall decline to take over the defense of the Claim, the Indemnified
Party shall have the right to assume the defense of the Claim and to resolve
the Claim as it finds appropriate, in its reasonable opinion, provided,
however, that the Indemnified Party shall not enter into any settlement with
respect to such Claim without the indemnifying party’s prior written consent,
which consent shall not be unreasonably withheld, delayed, or conditioned. In
the event it is ultimately determined that the Claim in fact is covered by the
indemnification provisions under Section 6.1 or 6.2 of this Agreement, the
Indemnified Party shall be entitled to recover from the indemnifying party as
provided in said Sections 6.1 or 6.2.

         VII. DISPUTE RESOLUTION

         7.1 Resolution of Disputes. All disputes arising out of or relating to
this Agreement or the breach, termination or validity thereof or the parties’
performance hereunder or thereunder (“Dispute”) shall be resolved as provided
by this Section 7.1.

         (a)  Negotiation of Disputes.

		
	 	         (i) Any Party shall give the other Party written notice of any
Dispute. The parties shall attempt to resolve such Dispute promptly by
negotiation between executive officers who have authority to settle the
Dispute and who are at a higher level of management than the persons with
direct responsibilities for administration of this Agreement.
	 
	 	         (ii) Within 15 days after delivery of the notice, the Party
receiving the notice shall submit to the other a written response. The
notice and the response shall include: (i) a statement of each Party’s
position and a summary of arguments supporting that position, and (ii)
the name and title of the executive officer who will represent that party
and of any other person who will accompany the executive officer during
the negotiations. Within 30 days after delivery of the disputing party’s
notice, the executive officers of both parties shall meet at a mutually
acceptable time and place, and thereafter as often as they reasonably
deem necessary, to attempt to resolve the Dispute.

         (b)  Arbitration.

		
	 	         (i) If the Dispute has not been resolved by executive officer
negotiation within 45 days of the disputing party’s notice requesting
negotiation, or if the parties fail to meet within 30 days from delivery
of said notice, such Dispute shall on the demand of any party, be finally
settled under the Rules of Arbitration of the Center for Public Resources
(“CPR”) then in effect, except as modified herein or as mutually agreed
upon by the parties.

13

 

		
	 	         (ii) The arbitration shall be held in Cleveland, Ohio. The
arbitration proceedings shall be conducted, and the award shall be
rendered, in the English language.
	 
	 	         (iii) There shall be three arbitrators. CPR shall appoint the
arbitrators from its national or regional panels in accordance with its
rules, with such input from the parties as is called for under the CPR
rules.
	 
	 	         (iv) In rendering an award, the arbitral tribunal shall be required
to follow the substantive law of the jurisdiction designated by the
parties herein. This arbitration agreement and any award rendered
thereunder shall be governed by the United Nations Convention on the
Recognition and Enforcement of Foreign Arbitral Awards, 1958, and the
Federal Arbitration Act, 9 USC § 1 et seq. The arbitral tribunal is not
empowered to award damages in excess of compensatory damages except in
the case of fraud, and each party hereby irrevocably waives any right to
recover punitive, exemplary or similar damages with respect to any
dispute except in the case of fraud.
	 
	 	         (v) The award shall be final and binding upon the parties and shall
be the sole and exclusive remedy between the parties with regard to any
claim or counterclaim submitted to the arbitral tribunal. Judgment upon
any award may be entered in any court having jurisdiction thereof.
	 
	 	         (vi) By agreeing to arbitration, the parties do not intend to
deprive any court of its jurisdiction to issue a pre-arbitral injunction,
pre-arbitral attachment or other order in aid of arbitration proceedings
and the enforcement of any award. Without prejudice to such provisional
remedies as may be available under the jurisdiction of a national court,
the arbitral tribunal shall have full authority to grant provisional
remedies or to order the parties to request that a court modify or vacate
any temporary or preliminary relief issued by such court, and to award
damages for the failure of any party to respect the arbitral tribunal’s
orders to that effect. The parties hereby unconditionally and
irrevocably submit to the non-exclusive jurisdiction of the state or
federal courts located in Cleveland, Ohio for the purpose of any
preliminary relief in aid of arbitration, or for enforcement of any
award, and hereby waive any objection to such jurisdiction including
without limitation objections by reason of lack of personal jurisdiction,
improper venue, or inconvenient forum.
	 
	 	         (vii) Notwithstanding the foregoing, any Dispute regarding the
following is not required to be negotiated or arbitrated prior to seeking
injunctive relief from a court of competent jurisdiction: breach of any
obligation of confidentiality, infringement, misappropriation or misuse
of any intellectual property right. The parties acknowledge that their
remedies at law for such a breach or threatened breach would be
inadequate and, in recognition of this fact, upon such breach or
threatened breach, either party, without posting any bond, and in
addition to all other remedies which may be available, shall be entitled
to immediately seek or obtain equitable relief in the form of specific
performance, a temporary 

14

 

		
	 	restraining order, a temporary or permanent injunction or any other
equitable remedy which may then be available.

         VIII. ASSIGNMENT; SUBLICENSING

         8.1 This Agreement may not be assigned by any party hereto without the
written consent of the other party, provided, however, that each party may
assign this Agreement to a purchaser of substantially all of the party’s shares
or assets or to that party’s parent, controlled subsidiary or controlled
affiliate, provided that such purchaser agrees to be bound by all of the terms
and conditions of this Agreement. No assignment shall relieve either Party of
any of its rights and obligations hereunder.

         8.2 Notwithstanding anything to the contrary in this Agreement, with
respect to entities which were licensees of the Licensed Marks prior to the
Distribution Date and which become subsidiaries or affiliates of Licensee as a
result of the separation of the TRW Automotive Business (the licenses with such
entities being listed on Exhibit D hereto and hereinafter being referred to as
the “Subsidiary Licenses”), Licensor shall either assign to Licensee the right
to receive royalties from the Subsidiary Licenses or Licensor and Licensee
shall cooperate to cause the affected subsidiaries and affiliates to enter into
new sub-licenses of the Licensed Marks with Licensee, on substantially the same
royalty terms as each such terminated Subsidiary License.

         8.3 (a) Licensee shall have the right to sublicense the rights granted
hereunder to any subsidiary, Affiliate or entity in which Licensee holds
an equity interest of five percent (5%) or more for so long as such
subsidiary, Affiliate or entity in which Licensee holds such an equity
interest remains a subsidiary, Affiliate or entity in which Licensee
holds such an equity interest, and Licensee shall have the right to
sublicense the rights granted hereunder to any distributor, agent or
similar Licensee representative, in each case, on the following
conditions: (i) There shall be a written sublicense agreement
containing obligations on the sublicensee’s part that are no less
stringent than those required of Licensee hereunder, (ii) Licensee
shall remain responsible to Licensor for the performance of the
sublicensee’s obligations under its sublicense, as if such obligations
were Licensee’s obligations hereunder, (iii) Licensee shall, promptly and
at Licensee’s sole expense, take all such steps necessary for enforcing
the obligations of the sublicensee under such sublicensee, and carry out
the reasonable requirements of Licensor to ensure that the relevant
provisions of the sublicense agreement are duly performed, (iv) Licensor
shall be an express third party beneficiary of each such sublicense, (v)
the sublicense agreement shall provide for automatic termination in the
event that this Agreement is terminated; and (vi) Licensee shall provide
notice to Licensor of the identity of each sublicensee, and upon request,
provide a copy of the related sublicense (with financial information
deleted). Licensee also shall have the right to continue and renew the
trademark license to Federal-Mogul Corporation.

         (b)  Licensor hereby agrees not to grant any further licenses (but
can renew pre-existing licenses) with respect to the Licensed Marks for
use in the

15

 

 automotive business or to any person who at the time of the license
grant competes with Licensee in any business that Licensee is conducting
under the Licensed Marks.

         8.4 Assignments or sublicenses in violation of the foregoing provisions
shall be void and shall not confer any rights on the proposed transferee or
sublicensee.

         IX.     MISCELLANEOUS

         9.1 Notices. All notices, requests and other communications to any party
hereunder shall be in writing (including facsimile transmission) and shall be
given (i) by personal delivery to the appropriate address as set forth below
(or at such other address for the party as shall have been previously specified
in writing to the other party), (ii) by reliable overnight courier service
(with confirmation) to the appropriate address as set forth below (or at such
other address for the party as shall have been previously specified in writing
to the other party), or (iii) by facsimile transmission (with confirmation) to
the appropriate facsimile number set forth below (or at such other facsimile
number for the party as shall have been previously specified in writing to the
other party) with follow-up copy by reliable overnight courier service the next
Business Day:

	 	 	 
	 	 	
if to Licensor, to:
	
	
	
	

	 	 	 
	
	
	
	

	 	 	
TRW Inc.

1900 Richmond Road

Cleveland, OH 44124 USA

Attention: Secretary

Telecopy: 216-291-7070
	
	
	
	

	 	 	 
	
	
	
	

	 	 	
and
	
	
	
	

	 	 	 
	
	
	
	

	 	 	
if to Licensee, to:
	
	
	
	

	 	 	 
	
	
	
	

	 	 	
TRW Automotive Inc.

[Address]

Attention: [                 ]

Telecopy: [                  ]

         All such notices, requests and other communications shall be deemed
received on the date of receipt by the recipient thereof if received prior to 5
p.m. (New York City time) and such day is a Business Day in the place of
receipt. Otherwise, any such notice, request or communication shall be deemed
not to have been received until the next succeeding Business Day in the place
of receipt.

         9.2 Amendments and Waivers. This Agreement may not be modified or amended
except by an instrument or instruments in writing signed by an authorized
officer of each party. Except as otherwise provided in this Agreement, any
failure of any of the parties to comply with any obligation, covenant,
agreement or condition herein may

16

 

 be waived by the party entitled to the benefits thereof only by a written
instrument signed by an authorized officer of the party granting such waiver,
but such waiver or failure to insist upon strict compliance with such
obligation, covenant, agreement or condition shall not operate as a waiver of,
or estoppel with respect to, any subsequent or other failure.

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

         9.4 Counterparts. This Agreement may be executed in two or more
counterparts, each of which shall be deemed to be an original, but all of which
together shall constitute one and the same agreement.

         9.5 Entire Agreement. This Agreement, and the Distribution Agreement,
constitute the entire agreement between the parties hereto with respect to the
subject matter hereof, and supersede and cancel all prior agreements,
negotiations, correspondence, undertakings, understandings and communications
of the parties, oral and written, with respect to the subject matter hereof.

         9.6 Governing Law. THIS AGREEMENT, INCLUDING ALL MATTERS OF CONSTRUCTION,
VALIDITY AND PERFORMANCE, SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF OHIO, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OR
CHOICE OF LAWS OR ANY OTHER LAW THAT WOULD MAKE THE LAWS OF ANY OTHER
JURISDICTION OTHER THAN THE STATE OF OHIO APPLICABLE HERETO.

         9.7 Publicity. No party shall, without the written consent of the other
party, mention the name of the other party in any publicity relating to or
arising out of this Agreement, which consent will not be unreasonably withheld.

         9.8 Waiver of Jury Trial. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY
WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT
OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

         9.9 Fees and Expenses. Whether or not the transactions contemplated by
this Agreement are consummated, each party shall bear its own fees and expenses
incurred in connection with the transactions contemplated by this Agreement.

         9.10 Binding Nature; Third-Party Beneficiaries. This Agreement shall be
binding upon and inure solely to the benefit of the parties hereto and their
respective successors and permitted assigns. Nothing in this Agreement, express
or implied, is intended to or shall confer upon any other Person or Persons any
rights, benefits or remedies of any nature whatsoever under or by reason of
this Agreement.

         9.11 Severability. This Agreement shall be deemed severable; the
invalidity or unenforceability of any term or provision of this Agreement shall
not affect the validity

17

 

 or enforceability of this Agreement or of any other term hereof, which
shall remain in full force and effect, for so long as the economic or legal
substance of the transactions contemplated by this Agreement is not affected in
any manner materially adverse to any party. If it is ever held that any
restriction hereunder is too broad to permit enforcement of such restriction to
its fullest extent, each party agrees that such restriction may be enforced to
the maximum extent permitted by law, and each party hereby consents and agrees
that such scope may be judicially modified accordingly in any proceeding
brought to enforce such restriction.

         9.12 Specific Performance. The parties hereto agree that irreparable
damage would occur in the event that any provision of this Agreement was not
performed in accordance with the terms hereof and that the parties shall be
entitled to specific performance of the terms hereof, in addition to any other
remedy at law or equity.

         9.13 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 the parties and no presumption or burden of proof
shall arise favoring or disfavoring any party by virtue of the authorship of
any provisions of this Agreement.

         9.14 Interpretation. Any reference to any federal, state, local or
non-U.S. statute or law shall be deemed also to refer to all rules and
regulations promulgated thereunder, unless the context otherwise requires.

18

 

         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed as of the date first written above by their respective officers
thereunto duly authorized.

	 	 	 	 	 
	 	 	TRW INC.
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By:	 	 
	 	 	 	 	

	 	 	 	 	Name:

Title:
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	TRW AUTOMOTIVE INC.
	
	
	
	

	 	 	 	 	 
	
	
	
	

	 	 	
By:	 	 
	 	 	 	 	

	 	 	 	 	Name:

19

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