Document:

Exhibit 10.7

    

    

    
      	
               

            	
               

              Certain confidential information contained in this document, marked by brackets and asterisks ([* * *]), has been omitted because it is both (i) not material and (ii) would be competitively harmful if publicly disclosed.

              

               

              

            	 

    

    

    

    DISTRIBUTION AGREEMENT

    

    

    	1.	
            DISTRIBUTION AGREEMENT

          

    

    

    1.1          Agreement. Garden SpinCo Corporation, a Delaware corporation to be renamed Neogen Food Safety Corporation
          (“Supplier”) and 3M Company (“3M”) enter into this Distribution Agreement (“Agreement”) as of September 1, 2022 (the “Effective Date”) to govern the terms by which 3M will purchase, distribute, and support Products and retain a license to the
          Clean-TraceTM Software (as described herein). Capitalized terms have the meanings stated on Exhibit A or as otherwise defined in this Agreement, and capitalized terms used but not otherwise defined herein shall have the meanings ascribed thereto
          in the Transaction Documents.

    

    

    1.2          Transaction.   3M and Supplier are parties to Transaction Documents, pursuant to which (i) 3M has agreed to
          transfer, and cause its Subsidiaries to transfer, to the SpinCo Group, and Supplier has agreed to assume from 3M and its Subsidiaries, certain transferred assets and assumed liabilities (the “Separation”), (ii) in exchange for the transfer of the
          transferred assets to (and the assumption of the assumed liabilities by) the SpinCo Group, Supplier will, among other things, issue shares of its capital stock to 3M, (iii)  following the foregoing issuance, 3M will distribute all of the shares
          of capital stock of Supplier to its stockholders in a split-off (together with, if necessary, a Clean-Up Spin-Off) (the “Distribution”) and (iv) following the Distribution, Merger Sub will merge with and into Supplier, with Supplier as the
          surviving corporation of such merger and a wholly owned subsidiary of Neogen (the “Merger”), in each case, pursuant to the terms and conditions of the Transaction Documents. This Agreement is a Transaction Document. This Agreement is being
          entered into by the Parties in order to promote the orderly transition of certain operations of the SpinCo Business with respect to Products and to effectuate the orderly consummation of the transactions contemplated under the Transaction
          Documents.  This Agreement sets forth the terms and conditions pursuant to which, (a) 3M shall purchase from Supplier, and Supplier shall manufacture, supply and sell to 3M, the Products after Closing, and (b) 3M shall retain a license from
          Supplier to the Clean TraceTM Software (as described herein).

    

    

    1.3          Compliance with Law. The Parties will comply with applicable Law.

    

    

    	2.	
            SUPPLY OF PRODUCT

          

    

    

    2.1          Supply of Product. This Agreement is not a requirements contract or outputs contract. Supplier will supply Consumable Product to 3M, in compliance with the Specifications and this
        Agreement, upon receipt of an Order.  3M will purchase Products exclusively from Supplier, subject to Section 4.3.

    

    

    2.2          Distributor Appointment.  3M currently markets, and has contractual obligations (the subset of these contractual obligations that are  existing and in effect on the date hereof are
        referred to herein as , “Existing Contractual Obligations”) related to, the 3M Clean-TraceTM hygiene monitoring solution (“Clean-TraceTM”) outside of Food Safety Applications, including (i) for use in healthcare facilities (e.g., hospitals, clinics,
        assisted living, extended care, physical therapy, hospice, dental, and other healthcare-related facilities) not related to diagnosing or treating disease in humans or animals (such uses, “Healthcare Applications”), which is sold by 3M to either (A)
        end user customers or (B) distributors that primarily serve such Healthcare Applications, and (ii) for use outside of Food Safety Applications with existing end user customers of 3M divisions other than 3M’s Food Safety department as of the
        Effective Date of this Agreement (“Other Permitted Applications”).  Supplier appoints 3M as a non-exclusive, worldwide (“Territory”) distributor of Products, however, 3M will resell Products purchased under this Agreement, only for Healthcare
        Applications or Other Permitted Applications. 3M will set resale prices for Products at its exclusive discretion.

    

    

    	3.	
            TERM

          

    

    

    3.1          Term. The term of this Agreement (the “Term”) shall commence on the Effective Date and end on the date that
          is two years from the Effective Date (the “Expiration Date”), unless terminated earlier in accordance with Section 3.2.  Notwithstanding the foregoing, to the extent that, as of the Effective Date, 3M has any Existing Contractual Obligations to
          customers for Product or Software that continue beyond the Term, this Agreement will continue to be in effect with respect to such customers until such customer obligations expire or terminate.

     

        

    
      
        

    

    
    

    

    3.2          Termination. Prior to the Expiration Date, this Agreement may be terminated: (a) by either Party upon the
          other Party’s insolvency, bankruptcy, or general inability to pay its debts as they become due; (b) by the non-breaching Party upon the other Party’s material default or material breach of any provision of this Agreement, which remains uncured
          for more than 30 days after the breaching Party receives notice of the default or breach; and (c) by either Party upon the other Party’s failure to comply with any requirement set forth under Section 1.3.

    

    

    3.3          Effect of Termination. Upon expiration or Termination: (a) at 3M’s request, Supplier will deliver to 3M any
          undelivered Consumable Products, whether or not packaged, and this Agreement will continue to apply to such Products; and (b) at 3M’s instruction, Supplier will destroy any 3M branded labeling or packaging for which Supplier has paid but not
          used, at 3M’s cost. Termination of this Agreement will not relieve either Party of any claims against it that arise under this Agreement before the Agreement is Terminated.

    

    

    3.4          Survival. The following articles will survive expiration or Termination: Price, Payment (Section 5); Delivery of Consumable Products (Section 6); Use of 3M Marks (Section 7.2);
        Indemnity (Section 9); Dispute Resolution (Section 10); Governing Law, Forum Selection (Section 13); Notices (Section 15); General (Section 16); and Confidentiality (Section 11).

    

    

    	4.	
            ORDER PROCESS

          

    

    

    4.1          3M Orders for Consumable Products During the Term of the TSA, Transition Services Schedule 1.  During the
          period that the Term and the term of the TSA, Transition Services Schedule 1 are concurrent, 3M’s Orders to Supplier for Consumable Product shall be derived from and consistent with the Demand Plan for each Consumable Product and when entered in
          3M’s or its relevant Subsidiary’s systems to the SpinCo Business by or for 3M consistent with the practices of 3M and the SpinCo Business immediately prior to the Closing Date shall be deemed a purchase Order of 3M.  Such Order shall be in the
          currency and subject to the terms customarily used by 3M or relevant Subsidiary immediately prior to the Closing Date to the extent consistent with this Agreement.

    

    

    4.2          Purchase Orders for Consumable Products Submitted After Termination or Expiration of the TSA, Transition Services Schedule 1.  3M will provide a forecast to Supplier each month for its
        forecasted needs for Consumable Product. The forecast will be prepared on a 12-month rolling basis. The first three months of the most recent forecast are binding. Supplier will use commercially reasonable efforts to ensure that it will have the
        capacity to delivery up to 115% of the most recent forecast. If Supplier is unable to fulfill any Order submitted by 3M pursuant to this Agreement, Supplier will allocate Consumable Products in a manner that takes into account prior purchase
        amounts.

    

    

    4.3          3M Orders for Equipment Products During the Term.  3M is party to a Master Supply Agreement ([* * *]) (collectively, the “Equipment Supply Agreement”), under which 3M purchased Equipment
        Product prior to the Closing.  As of the Effective Date, 3M will assign, and Supplier will assume, the Equipment Supply Agreement. During the Term, Supplier has agreed to allow 3M to be an authorized purchaser under the Equipment Supply Agreement
        and to purchase Equipment Product directly from Mack Technologies Florida, Inc. in accordance with and subject to the terms of the Equipment Supply Agreement and this Agreement (including Section 9). 3M will be solely and directly responsible to
        Mack Technologies Florida, Inc. for its purchases of Equipment Product under the Equipment Supply Agreement, including payment for these purchases and compliance with the Equipment Supply Agreement in respect thereof as if 3M were directly a party
        thereto. During the Term, Supplier will not, without 3M’s prior written consent (not to be unreasonably withheld, conditioned or delayed), amend the Equipment Supply Agreement in a manner that would reasonably be expected to materially and
        adversely change the terms under which 3M is able to purchase Equipment Product under the Equipment Supply Agreement.

    

    

    5.          PRICE;
        PAYMENT

    

    

    5.1          Pricing for Consumable Products. The Price of each Consumable Product shall be as stated in Exhibit B and
          include all costs payable by 3M.

    

    

    5.2          Payment for Consumable Products During the Term of the TSA, Transition Services Schedule 1.  During the period that the Term and the term of the TSA, Transition Services Schedule 1 are
        concurrent, 3M shall include monthly amounts payable by 3M to Supplier pursuant to Section 5.1 under this Agreement in the relevant monthly Settlement Statements issued to Supplier (or, if applicable, in the relevant monthly Local Statement(s)
        issued to Supplier or a Subsidiary of Supplier) pursuant to Section 3.4 of the TSA.

     

      

    
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    5.3          Invoices.

    

    

    (a) With respect to Consumable Products supplied during the period that the Term and the term of the TSA, Transition Services Schedule 1
      are concurrent, Consumable Products purchased by 3M shall be then and there deemed to have been invoiced by Supplier or, as applicable, its relevant Subsidiary to 3M or, as applicable, its relevant Subsidiary in accordance with this Agreement without
      the need for written invoices between them, except as may be required by applicable Law or Order, or as otherwise agreed by the Parties.

    

    

    (b) With respect to Consumable Products supplied during the Term after termination or expiration of the term of the TSA, Transition
      Services Schedule 1, Supplier or its relevant Subsidiary shall invoice 3M or its relevant Subsidiary promptly following shipment of any such Product to 3M for the Price of such Product.   Payment terms are net 30.

    

    

    5.4          Distributor Fee.   Each month Supplier will pay 3M a distributor fee in the amount of (i) [* * *]% of the Weighted Average Sale Price for each Product shipped by 3M during the first year
        after the Effective Date and (ii) [* * *]% of the Weighted Average Sale Price for each Product shipped by 3M thereafter.  3M will provide a monthly report of all shipments within 60 days after the end of each month and Supplier will pay such
        Distributor Fee net 30 after delivery of such report, in a form reasonably satisfactory to Supplier. Supplier shall keep such monthly report confidential from individuals in a competitive decision-making role with Supplier’s ATP testing business.

    

    

    5.5          Supplier Fee.  3M will pay Supplier a supplier fee (“Supplier Fee”) in respect of each month during the Term in an amount equal to the aggregate “Equipment Sales” for such month less the
        aggregate “Equipment Costs” in respect thereof.

    

    

    “Equipment Sales” is defined as the Weighted Average Sales Price for each Equipment Product shipped by 3M.

    

    

    “Equipment Costs” are defined as the amount paid by 3M under the Equipment Supply Agreement for the Equipment Products included in the Equipment Sales
      calculation.   Such Equipment Costs shall include the Equipment price, taxes and separately stated transportation charges.

    

    

    3M will provide a monthly report of Equipment Sales and Equipment Costs within 60 days after the end of each month and pay such Supplier Fee net 30 after
      delivery of such report.   Supplier shall keep such monthly report confidential from individuals in a competitive decision-making role with Supplier’s ATP testing business.

    

    

    5.6          Weighted Average Sales Price.  Exhibit B sets forth the Weighted Average Sales Price of the Products.  The Weighted Average Sales Price for the first year of the Term will be the
        Weighted Average Sales Price as of the Effective Date and the Weighted Average Sales Price for subsequent years during the Term will be the Weighted Average Sales Price as of the applicable anniversary of the Effective Date, in each case,
        calculated in accordance with this Section 5.6. The Parties shall update Exhibit B each year during the Term to reflect the Weighted Average Sales Price of the Products as of the applicable Pricing Date.  The “Weighted Average Sales Price” of a
        Product set forth on Exhibit B shall be equal to (i) the total worldwide sales in U.S. dollars for such Product shipped by 3M during the six (6) months
        prior to the Pricing Date divided by (ii) unit volume of Product shipped by 3M during such six (6) month period.  The amount of total worldwide sales shall be determined based on sales of the Product shipped by 3M and shall be net of discounts,
        rebates (including bundled rebates), chargebacks, payment term discounts, separately charged taxes, separately charged freight, and other deductions.  Sales and unit volume shall not include any Product returns.  For sales made in denominations
        other than U.S. dollars (USD), such amounts shall be converted to US dollars (after giving effect to any amounts netted pursuant to the preceding sentences) for purposes of calculating the Weighted Average Sales Price using the currency exchange
        rate in effect based on the most recent annual currency conversion adjustment date used by 3M’s system, which currently is in December of the prior year.

    

    

    	6.	
            DELIVERY OF CONSUMABLE PRODUCTS

          

    

    

    6.1          Delivery Dates. Each Order will specify a delivery date. Supplier will deliver all Consumable Product by the
          delivery date.

     

        

    
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    6.2          Shipping and Certain Other Terms.  With respect to Consumable Products supplied during the period that the
          Term and the term of the TSA, Transition Services Schedule 1 are concurrent, the shipment and freight terms of the Consumable Products shall be determined in a manner consistent with 3M’s practices and procedures immediately prior to the Closing
          Date. With respect to Products supplied during the Term after termination or expiration of the term of the TSA, Transition Services Schedule 1, the Product is sold FCA port of export (Incoterms 2020).

    

    

    6.3          Returns. 3M may reject or return Consumable Products, or require substitution for or replacement of Consumable Products, at Supplier’s expense (including any cost of shipping) or pursue
        a claim, charge-back, or otherwise offset amounts for Consumable Products under this Agreement if such Product does not meet Supplier’s warranties.

    

    

    6.4          Inspection and Testing. 3M may inspect or test Consumable Products at Supplier’s plant, off-site, or at the point of destination. Upon reasonable advance notice and during normal
        business hours, Supplier will make Consumable Products, materials, and the manufacturing facilities with respect thereto available for inspection by 3M and its representatives, at 3M’s cost.

    

    

    	7.	
            PRODUCT MARKS; 3M MARKS; SOFTWARE

          

    

    

    7.1          Use of Product Marks. Supplier grants 3M, and 3M retains, a non-exclusive, global, royalty-free license to use the Product Marks in connection with the sale and marketing of Products
        supplied by Supplier pursuant to this Agreement (collectively, the “Licensed Products”). The license granted herein shall terminate upon the termination of the Agreement. 3M’s use of the Product Marks and the quality of the Licensed Products
        offered by 3M pursuant to this license shall be generally consistent with 3M’s use of the Product Marks and the quality of those products as offered by 3M as of the Closing Date set forth in the Merger Agreement.   3M may sell or otherwise dispose
        of any Licensed Products purchased during the term of the Agreement for a period of six (6) months after termination of the Agreement, subject to Supplier’s amendments to such Product Marks and quality standards.

    

    

    7.2          Use of 3M Marks. Except as provided in the other Transaction Documents, Supplier will not use 3M’s name or any 3M Mark in any manner, including in promotional or advertising materials.

    

    

    7.3          IP Ownership. Supplier owns and shall retain sole ownership of the Products and Clean-TraceTM Software and all Intellectual Property Rights therein.  3M hereby acknowledges and agrees, on
        behalf of itself and its Affiliates, that 3M has no right, title or interest, express or implied, in or to the Clean-TraceTM Software or any SpinCo Intellectual Property (as defined in the Separation Agreement), except, in each case, as specifically
        provided in the other Transaction Documents or herein and subject to the terms and conditions stated in this Agreement.  All of the rights granted hereunder are explicitly stated herein and nothing in this Agreement shall be construed to transfer
        any proprietary ownership interest whatsoever in or to any Intellectual Property Rights of Supplier or its Affiliates, or to grant any implied rights whatsoever or any right, title or interest in or to any of the Clean-TraceTM Software or any SpinCo
        Intellectual Property or any other Intellectual Property Rights of Supplier or its Affiliates, except as explicitly granted pursuant to this Agreement.   3M shall return or destroy all copies of the Clean-TraceTM Software promptly after termination
        or expiration of the TSA or this Agreement.

    

    

    7.4          Software License/Updates.  If during the term of the TSA, and during any subsequent period during which 3M submits forecasts under Section 4.2 of this Agreement, Supplier makes
        necessary or desirable updates, modifications, or alterations of the Clean-TraceTM Software or firmware (collectively “Software Updates”), then Supplier shall inform 3M of any such Software Updates and make any such Software Updates available to 3M
        for inclusion in the Products, at 3M’s request.  During the term of the TSA, and during any subsequent period during which 3M submits forecasts under Section 4.2 of this Agreement, Supplier shall reasonably take account of 3M’s reasonable requests
        to make Software Updates.   Supplier hereby grants to 3M, and 3M retains, a fully paid up, worldwide license to the Clean-TraceTM Software, solely as reasonably necessary for 3M to (i) resell Products as contemplated by this Agreement, and (ii)
        fulfill 3M’s obligations to its customers.  For avoidance of doubt, nothing herein shall include any right for 3M to access the source code to the Clean-TraceTM Software. Supplier will consider in good faith and use commercially reasonable efforts
        to implement (at 3M’s sole cost and expense) any modifications to or requests for copies of the Clean-TraceTM Software as are necessary for 3M to fulfill 3M’s obligations to its customers under Existing Contractual Obligations that have been made
        available to Neogen and Supplier (provided that such modifications or copies shall not otherwise limit 3M’s obligations or restrictions hereunder or permit such customers to otherwise copy, decompile, modify, reverse or create derivative works of
        the Clean-TraceTM Software), and 3M shall not otherwise itself (or permit, authorize or enable any other party to) copy, decompile, modify, reverse engineer, or create derivative works of the Clean-TraceTM Software.

     

      

    
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    	8.	
            REPRESENTATIONS, WARRANTIES AND OBLIGATIONS

          

    

    

    8.1          Consumable Product Warranty. Supplier represents and warrants that all Consumable Products will conform in
          all material respects to the Specifications. In the event any Consumable Products do not conform to the foregoing warranty, 3M’s sole remedy shall be either (i) replacement of such non-conforming Product, (ii) correction of the defect causing the
          nonconformance, (iii) refund of the price paid for such non-conforming Product by 3M if such Product has not been sold to a third party, or (iv) reimbursement of reasonable amounts required to be paid by 3M for any such non-conforming Product
          rejected in good faith by 3M due to non-conformance with the warranty. 3M shall provide Supplier with prompt written notice of any Product supplied to 3M pursuant to this Agreement that allegedly does not conform to the warranty in this Section
          8.1 within fourteen (14) days after 3M becomes aware of facts giving rise to such allegation.  3M shall further cooperate with Supplier’s investigation, including by retaining and providing Supplier with samples of the allegedly non-conforming
          Product, and comply with all reasonable requests made by Supplier relating to the testing of such Product or investigation of such claim.  No Representative of Supplier, and no other Person, is authorized to make any warranty in addition to the
          warranty stated in this Section 8.1.  Except as set forth in this Section 8.1, Supplier and any of its relevant Subsidiaries makes no warranty or condition, express or implied, and hereby disclaims any other warranties or conditions of any kind,
          including any express or implied warranty or condition of suitability, or fitness for any particular purpose.

    

    

    8.2          General Representations and Warranties. Supplier represents and warrants that: all Consumable Products are
          sold and Clean-TraceTM Software is licensed pursuant hereto free and clear of all liens and encumbrances.

    

    

    8.3          Legal Compliance. 3M acknowledges and agrees that Supplier shall not be required hereunder to take any
          action that Supplier reasonably believes would constitute (i) a violation of any applicable Law, (ii) a material breach of Supplier’s contractual obligations, or (iii) any other violation of a third party’s Intellectual Property Rights; provided,
          however, that in each of the foregoing circumstances, Supplier shall provide 3M with prompt written notice upon becoming aware of such impediment.

    

    

    8.4          Federal Debarment. Supplier warrants that during the Term, Supplier has not been suspended or debarred, or
          proposed to be suspended or debarred, by a federal agency. Supplier will give 3M notice of any event causing this warranty to be false promptly after the occurrence of the event.

    

    

    	8.5	
            3M Obligations.   3M will:

          

    

    

    	

          	(a)	
            Provide prompt and courteous service in filling and delivering orders.

          

    	

          	(b)	
            Respond in a timely fashion to customer complaints and notify Supplier of such complaints.

          

    	

          	(c)	
            Dispose of all packing materials relating to the Products in accordance with local Law.

          

    

    

    	8.6	
            Supplier Obligations.  Supplier will:

          

    

    

    	

          	(a)	
            Assist 3M in resolving customer complaints directly relating to the quality of Consumable Products.

          

    	

          	(b)	
            Provide technical support to customers in cooperation with 3M.

          

    	

          	(c)	
            Consult with 3M on inventory levels so that adequate quantities of the Consumable Products are available for Healthcare Applications.

          

    	

          	(d)	
            Notify 3M of any technical changes to the Specifications in accordance with Supplier’s product notification process.

          

    

    

    8.7          Disclaimer of Warranties and Acknowledgement. EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT, EACH OF
          SUPPLIER AND ITS SUBSIDIARIES MAKES NO WARRANTY OR CONDITION, EXPRESS OR IMPLIED, AND HEREBY DISCLAIMS ANY WARRANTIES OR CONDITIONS OF ANY KIND, INCLUDING WITH RESPECT TO THE RESULTS THAT WILL BE OBTAINED BY USING, RECEIVING, OR APPLYING ANY
          SERVICE OR PRODUCT, MATERIALS, COMPONENTS, INFORMATION, DATA, OR SERVICES, IN EACH CASE INCLUDING ANY EXPRESS OR IMPLIED WARRANTY OR CONDITION OF NONINFRINGEMENT, MERCHANTABILITY, SUITABILITY, ACCURACY, SATISFACTORY QUALITY, OR FITNESS FOR ANY
          PARTICULAR PURPOSE.  3M EXPRESSLY AFFIRMS THAT IT IS NOT RELYING ON ANY WARRANTIES OR CONDITIONS (OTHER THAN THOSE EXPRESSLY SET FORTH IN THIS AGREEMENT), EXPRESS OR IMPLIED, OF SUPPLIER IN ENTERING INTO THIS AGREEMENT AND ACKNOWLEDGES AND AGREES
          TO THE DISCLAIMERS IN THIS SECTION 8.7.

     

        

    
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    	9.	
            INDEMNITY

          

    

    

    Supplier will indemnify, defend, and hold 3M, its Subsidiaries, and its respective equityholders, members, partners, agents, representatives, directors,
      officers, employees, successors and assigns (collectively, the “3M Indemnified Parties”) harmless from and against any Loss arising out of or related to any allegation or claim made by a non-affiliated third party, directly or indirectly, alleging:
      (a)  Supplier’s noncompliance with or breach of this Agreement,  (b) Supplier’s gross negligence or willful misconduct; or (c) infringement of any intellectual property right of a third party by any Product; provided Supplier will have no obligation
      to the 3M Indemnified Parties under this Section for any third party claim to the extent arising out of Supplier modification of the Clean-TraceTM Software at 3M’s request pursuant to Section 7.4.

    

    

    3M will indemnify, defend, and hold Supplier, its Subsidiaries, and its respective equityholders, members, partners, agents, representatives, directors,
      officers, employees, successors and assigns (collectively, the “Supplier Indemnified Parties”) harmless from and against any Loss arising out of or related to (i) any allegation or claim made by a non-affiliated third party, directly or indirectly,
      alleging: (a) 3M’s gross negligence or willful misconduct; (b) 3M’s noncompliance with or breach of this Agreement; or (c) Supplier’s modification of the Clean-TraceTM Software at 3M’s request pursuant to Section 7.4 or (ii any non-compliance with or
      breach of the Equipment Supply Agreement by 3M or any of the 3M Indemnified Parties.

    

    

    Sections 4.3(c) and 4.3(d) of the Transition Services Agreement are incorporated by reference, mutatis mutandis.

    

    

    	10.	
            DISPUTE RESOLUTION

          

    

    

    10.1          Good Faith Negotiation Period. Subject to Section 10.2, upon written request of either Party, authorized
          representatives with decision-making authority will meet at agreed time(s) and location(s) for a period not to exceed 60 days to attempt in good faith to resolve the Dispute. Each of 3M and Supplier will continue performing its respective
          obligations under this Agreement during any Dispute.

    

    

    10.2          Equitable Relief. Notwithstanding any provision in this Agreement to the contrary, a Party may bring an
          action in equity at any time for equitable relief, subject to Section 13.

    

    

    	11.	
            CONFIDENTIALITY

          

    

    

    11.1          Confidentiality Obligations. Neither Party will disclose or use the other Party’s Confidential Information
          other than to perform its obligations under this Agreement or as otherwise allowed under this Section 11. The receiving Party will protect the other Party’s Confidential Information using the highest degree of care with which it protects its own
          confidential information, and in any event, no less than reasonable care. If either Party is required by applicable professional standards, rules, or Law to disclose the other Party’s Confidential Information, then the Party so required will: (a)
          give advance notice of the disclosure to the other Party (unless prohibited by Law); (b) reasonably cooperate with the other Party, at its expense, if such Party seeks to protect the information requested to be disclosed; and (c) disclose the
          minimum amount of information legally required to be disclosed.

    

    

    	12.	
            SAFETY AND REGULATORY COMPLIANCE

          

    

    

    12.1          ADM Compliance. Supplier will disclose to 3M in writing whether any Consumable Product contains animal
          derived materials (“ADM”). If Product contains ADM, Supplier will provide 3M documentation of its compliance with ISO 22442.

    

    

    12.2          Latex Disclosure. Supplier will disclose to 3M in writing if any Consumable Product contains any Natural
          Rubber/Latex and/or Dry Natural Rubber as defined in 21 CFR 801.437.

     

        

    
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    	13.	
            GOVERNING LAW; FORUM SELECTION

          

    

    

    The laws of the State of Delaware govern this Agreement. The provisions of the United Nations Convention on Contracts for the International Sale of Goods
      do not apply. If a civil action is brought under this Agreement, each of the Parties consents to submit itself to the exclusive jurisdiction of the Court of Chancery of the State of Delaware. The Parties will follow the dispute resolution process in
      Section 10 before filing any civil action. EACH PARTY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OF THE
      TRANSACTIONS CONTEMPLATED HEREBY.

    

    

    	14.	
            UNAVOIDABLE DELAY

          

    

    

    If a Party is prevented or delayed in performing its obligations, in whole or in part, as a result of an Unavoidable Delay, that Party will be excused from
      performing its obligations during the Unavoidable Delay, but only to the extent performance is prevented or delayed by the event causing the Unavoidable Delay. If Supplier has an Unavoidable Delay, 3M may modify or terminate any Orders on notice to
      Supplier without liability to 3M. During a Supplier Unavoidable Delay period, Supplier will allocate any available Consumable Product as is fair and reasonable.

    

    

    	15.	
            NOTICES

          

    

    

    All notices must be in writing and sent to the address below each Party’s signature to this Agreement. Notice will be considered given upon: (a) personal
      delivery; (b) in the case of a notice given by email, written confirmation of receipt by the notified Party; or (c) deposit with an overnight courier, expenses prepaid, and addressed as set forth below and upon confirmation of delivery by the
      courier. Notice of a Party’s address change will be given as stated in this Section.

    

    

    	16.	
            GENERAL

          

    

    

    16.1          Transfer; No Third Party Beneficiaries. Supplier may not Assign, delegate, or subcontract any rights or
          duties under this Agreement without 3M’s written consent. This Agreement will be binding upon and operate to the benefit of Supplier, 3M and their respective successors and permitted assigns. Assignment will not relieve Supplier of its
          obligations under this Agreement. Except as otherwise provided in this Agreement, this Agreement is for the sole benefit of the parties to this Agreement and their permitted successors and assigns, and nothing in this Agreement, express
        or implied, is intended to or shall confer upon any other person any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

    

    

    16.2          Waiver. A waiver of any provision of this Agreement may only be made in writing. A Party’s failure to exercise any rights under this Agreement, or to insist on strict compliance with
        this Agreement, is not a waiver of the Party’s rights. Unless explicitly stated otherwise, all rights and remedies are cumulative.

    

    

    16.3          Interpretation. If a tribunal of competent jurisdiction holds any provision of this Agreement to be invalid, the remaining provisions will continue to be valid and enforceable so long
        as the essential terms and conditions of this Agreement reflect the original intent of the Parties. The article and Section headings in this Agreement are for convenience only and do not constitute a part of this Agreement.

    

    

    16.4          Independent Contractor. Supplier is an independent contractor; neither Supplier nor Supplier Personnel will be deemed to have any other relationship with 3M or any of its affiliates.

    

    

    16.5          Integration. Except for an existing confidentiality or intellectual property agreement between the Parties, this Agreement, any Ancillary Instruments, and Orders (with respect to
        quantity and Product identification) and the Equipment Supply Agreement (including any ancillary agreements or documents related thereto) represent the entire agreement between 3M and Supplier regarding Product.

    

    

    16.6          Amendment and Precedence. Neither this Agreement nor any right or obligation hereunder may be modified,
          amended, Assigned, or discharged, except as expressly stated in this Agreement or by a written amendment signed by an authorized representative of each Party. In case of a contradiction between or among this Agreement or any other
        Attachment, the order of precedence, unless clearly stated otherwise, will be: (1) the Ancillary Instruments, and (2) the Agreement.  Except as provided herein, any contrary terms and conditions contained in any documents issued under this
        Agreement are void and expressly without effect.  No changes will be effective unless in writing and signed by an authorized representative of each Party.

     

      

    
      7

      
        

    

    

    

    16.7          Limitation of Liability.

    

    

    Except with respect to liability for a Party’s breach of its confidentiality obligations under Section 11 and each Party’s
      indemnification obligations under Section 9, and each Party’s payment obligations under Section 5, in the event of any performance or non-performance, or anything else arising, under this Agreement that results in any Losses to any Party for which
      any other Party is liable (each, as applicable, a “Liable Party”), the Liable Party’s aggregate, maximum, and cumulative Liability (including based on breach of warranty, breach of contract, negligence, strict liability in tort or any other legal or
      equitable theory) to such Party for such Losses, in the aggregate, shall equal all fees paid pursuant to the Agreement during the 6 months prior to the breach or
      default that creates such Losses.  Each Party acknowledges that such amount constitutes fair and reasonable compensation for such Losses. Notice of any claim for Losses shall be in writing, and such claim must specify the Losses amount claimed and a
      reasonable description of the action giving rise to the claim.  Notwithstanding anything in this Agreement to the contrary, in no event shall any Party be liable under this Agreement for any failure to the extent such failure was directly and solely
      attributable to the other Party’s material breach of this Agreement.

    

    

    No Party nor any of their respective Subsidiaries shall be liable in connection with this Agreement for any Losses that are punitive,
      incidental, consequential, special or indirect or not reasonably foreseeable, including any loss of data, loss of future revenue, profits, income, or anticipated savings, loss of business reputation or opportunity relating to the breach or alleged
      breach of this Agreement, diminution of value and any Losses based on any type of multiple.  The limitation applies regardless of whether the Losses are based on breach of warranty, breach of contract, negligence, strict liability in tort or any
      other legal or equitable theory, but shall not apply in respect of such Losses that (i) result from that Party’s breach of Section 11; (ii) are payable pursuant to an obligation to indemnify under Section 9; or (iii) result from that Party’s willful
      misconduct.

    

    

    16.8          Fees and Expenses. Except as otherwise expressly set forth in this Agreement, in any other Transaction Document or in the Separation and Merger Agreements, all fees and expenses
        incurred by the Parties, including in connection with the transactions contemplated by this Agreement, shall be borne by the Party that has incurred such costs and expenses; provided, however, that in the event this Agreement is terminated or
        expires in accordance with its terms, the obligations of each Party to bear its own costs and expenses will be subject to any rights of such Party arising from a breach of this Agreement by the other Party prior to such termination or expiration.

    

    

    16.9.          Entire Agreement.  This Agreement (including the Appendices, Annexes, Exhibits and Schedules hereto), the Separation Agreement, the Merger Agreement, the Confidentiality Agreement, the
        other Transaction Documents constitute the entire agreement of the Parties with respect to the subject matter hereof and supersede all prior agreements and understandings between the parties with respect to such subject matter; other prior
        representations, warranties, understandings and agreements, both written and oral, with respect to such subject matter; provided, however, for the sake of clarity, it is understood that this Agreement shall not supersede the terms and provisions of the Confidentiality Agreement, which shall survive and
        remain in effect until expiration or termination thereof in accordance with its respective terms; provided, that, following the Effective Time, Supplier
        shall have no obligations under the Confidentiality Agreement with respect to information to the extent related to the SpinCo Entities or the SpinCo Business and included in the SpinCo Assets (as such terms are defined in the Separation Agreement),
        which information shall no longer be considered “Evaluation Material” for purposes thereof (provided further that the foregoing shall in no way diminish, eliminate or alter any obligation of Supplier with respect to any other Evaluation Material).

    

    

    16.10          Execution. This Agreement may be executed in counterparts and delivered by electronic transmission. The Parties intend that electronic (e.g., DocuSign® electronic signature or .pdf
        format) signatures constitute binding, original signatures.

    

    

    [Remainder of page intentionally left blank; signature page follows]

     

    

    
      8

      
        

    

    

    

    This Agreement has been entered into as of the Effective Date.

    

    

    	
            3M:

          	 
	 	 	 
	
            3M Company

          	 
	 	 	 
	
            By:

          	/s/ Jeffrey Lavers

          	 
	
            Name:

          	Jeffrey Lavers

          	 
	
            Title:

          	Group President, Consumer Business Group

          	 
	 	 	 
	
            Address for Notice:

          	 
	 	 	 
	  	 
	  	 
	
            Attention:

          	 	 
	
            Email:

          	 	 
	 	 	 
	
            SUPPLIER:

          	 
	 	 	 
	
            Garden SpinCo Corporation

          	 
	 	 	 
	
            By:

          	/s/ Jerry T. Will

          	 
	
            Name:

          	Jerry T. Will

          	 
	
            Title:

          	Vice President

          	 
	 	 	 
	
            Address for Notice:

          	 
	 	 	 
	  	 
	  	 
	
            Attention:

          	 	 
	
            Email:

          	 	 

     

    

    
      
        

    

    

    

    EXHIBIT A

    Glossary of Defined Terms

    

    

    “3M” means 3M Company.

    

    

    “3M Facilities” means 3M’s facilities,
      offices, plants, and buildings.

    

    

    “3M Mark” means any 3M trademark, service
      mark, tradename, or logo.

    

    

    “3M Regulatory Requirements” means 3M’s
      regulatory and other requirements located at www.3m.com/3M/en_US/suppliers-direct/supplier-requirements/contract-provisions.

    

    

    “3M Supplier Responsibility Code” means 3M’s
      Supplier Responsibility Code located at www.3M.com/supplierrqmts.

    

    

    “3M Systems” means 3M’s digital device
      network, data storage systems, and data processing systems.

    

    

    “Affiliates” has the meaning set forth in the
      Merger Agreement.

    

    

    “Agreement” has the meaning set forth in
      Section 1.1.

    

    

    “Ancillary Instruments” means exhibits,
      schedules, or other attachment, if any, to the Agreement.

    

    

    “Assign” or an “Assignment” includes any
      assignment, delegation, or transfer of obligations under the Agreement to a third party. For the avoidance of doubt, such term shall not include any corporate transaction, such as a stock sale, reorganization, merger, or consolidation of which
      results in either the direct or indirect equity holders of Supplier before the event not owning at least 50% of the voting power of Supplier after the event.

    

    

    “Confidential Information” means information
      or tangible materials, whether or not designated as confidential, relating to: (a) product development, design, formulations, composition, research and development, or specifications; (b) product manufacturing techniques, rates, or quantities; (c)
      equipment used to make products; (d) any other aspects of business relating to products and services, including without limitation marketing, sales, customers and non-public financial data; (e) the terms and conditions of this Agreement and all
      Orders; (f) any material or information provided by a Party to the other Party; and (g) the Parties’ relationship. “Confidential Information” does not include
      information that: (i) is or becomes publicly available through no fault of the receiving Party; (ii) was known to the receiving Party before receipt from the other Party, as evidenced by the receiving Party’s written records; (iii) is received from a
      third party with no confidentiality obligation; or (iv) is independently developed by a Party without reference to the other Party’s Confidential Information, as evidenced by a Parties’ written records.

    

    

    “Consumable Products” means the products
      specified as Consumable Products in Exhibit B meeting the Specifications and any 3M-approved substitute Product.

    

    

    “Demand Plan” means, with respect to any
      Consumable Product, such plan customarily used by 3M and prepared in a manner and form consistent with the past practice of 3M and the SpinCo Business for developing demand plans for Products immediately prior to the Closing Date, and which plan may
      be subject to adjustment at any time during the Term upon mutual written agreement of the Parties.

    

    

    “Dispute” means any claim or dispute between
      the Parties arising out of, or relating to, Product or this Agreement.

    

    

    “Distributor Fee” has the meaning set forth
      in Section 5.4.

    

    

    “Effective Date” has the meaning set forth in
      Section 1.1.

    

    

    “Equipment Costs” has the meaning set forth
      in Section 5.5.

    

    

    “Equipment Product” means the products
      specified as Equipment Products in Exhibit B purchased by 3M as contemplated by Section 4.3 and any 3M-approved substitute Product.

    

    

    “Equipment Sales” has the meaning set forth
      in Section 5.5.

     

    

    
      
        

    

    

    

    “Equipment Supply Agreement” has the meaning
      set forth in Section 4.3.

    

    

    “Existing Contractual Obligations” has the
      meaning set forth in Section 2.2.

    

    

    “Expiration Date” has the meaning set forth
      in Section 3.1.

    

    

    “Intellectual Property Right:” means any and
      all common law, statutory or other rights anywhere in the world arising under or associated with intellectual property, including: (i) patents, statutory invention registrations, certificates of invention, registered designs, utility models and
      similar or equivalent rights in inventions and designs, and all rights therein provided by international treaties and conventions, and including any applications for any of the foregoing; (ii) trademarks, service marks, slogans, trade dress, trade
      names, brand names, corporate names, logos, and other designations or indicia of commercial source or origin, and including any applications for any of the foregoing; (iii) rights associated with domain names, uniform resource locators, Internet
      Protocol addresses, social media handles, and other names, identifiers, and locators associated with Internet addresses, sites, and services, and including any applications for any of the foregoing; (iv) trade secret and industrial secret rights and
      rights in know-how, inventions, data, and any other Confidential Information or Proprietary Information, and all other information, materials and the like that derive independent economic value, whether actual or potential, from not being known to
      other persons or which are otherwise deemed to be or held as a trade secret under applicable Laws; (v) copyrights and any other equivalent rights in works of authorship or copyrightable subject matter (including rights in Software as a work of
      authorship) and any other related rights of authors, and all database and design rights, and including any applications for any of the foregoing; (vi) all other similar or equivalent intellectual property or proprietary rights anywhere in the world;
      and (vii) any registrations for any of the foregoing.

    

    

    “Law” means, with respect to any Person, any
      statute, law, ordinance, regulation, rule, code, constitution, treaty, common law, or any order, writ, judgment, injunction, decree, stipulation, award, or determination entered by or with any governmental authority or other requirement or rule of
      law of any governmental authority.

    

    

    “Loss” means all losses, damages, suits,
      fees, judgments, costs, and expenses (including reasonable attorneys’ fees incurred in responding to or the defense of any claim).

    

    

    “Merger Agreement” means that certain
      Agreement and Plan of Merger, dated as of December 13, 2021, by and among 3M, Supplier, Neogen and Nova RMT Sub, Inc., as it may be amended, restated, supplemented or otherwise modified from time to time.

    

    

    “Neogen” means Neogen Corporation, together
      with its successors or assigns.

    

    

    “Order” means a purchase order issued by 3M
      to Supplier to purchase Product.

    

    

    “Party” means either 3M or Supplier, and “Parties” means 3M and Supplier, collectively.

    

    

    “Person” means any individual, partnership,
      corporation, trust, limited liability entity, unincorporated organization, association, governmental authority, or any other entity.

    

    

    “Pricing Date” means the Effective Date or
      applicable anniversary date thereof for purposes of determining the Weighted Average Sales Price.

    

    

    “Product” means (i) the Consumables Products
      and Equipment Products specified in Exhibit B meeting the Specifications and any mutually-approved substitute Product and (ii) unless the context otherwise requires, the Clean-TraceTM Software.

    

    

    “Product Mark” means the Clean-Trace
      trademark and any other Supplier trademark included by Supplier on Product.

     

    

    
      
        

    

    

    

    
      “Proprietary Information” means any
        information or data developed by or for or in the possession of Supplier that relates to Products, Clean-TraceTM Software, Software Updates or Clean-TraceTM including, but not limited to, the design, features, composition, manufacture, use,
        regulatory clearance, or sale of Products, Clean-TraceTM Software, Software Update or Clean-TraceTM. Proprietary Information includes, but is not limited to, the following items: a. manufacturing Information including equipment, process conditions,
        formulation, storage and stability conditions, sterilization conditions, facility requirements, validation documentation, special requirements (cleaning, maintenance, changeover, packaging); b. supplier information including names and locations of
        suppliers, specification for components and items purchased from supplier, actual product identifiers of components or items purchased from supplier, audits of suppliers; (c) firmware and software source code and machine code; (d) regulatory
        dossiers and documentation; (e) quality records; and (f) any additional information reasonably requested by 3M to facilitate the transition of the supply of  Products, Clean-TraceTM Software, Software Updates or Clean-TraceTM to 3M or a third party.

      

      

    

    “Separation Agreement” means the Separation
      and Distribution Agreement, dated as of December 13, 2021, by and among 3M, Supplier and Neogen, as it may be amended, restated, supplemented or otherwise modified from time to time.

    

    

    “Settlement Statement” has the meaning set
      forth in the TSA.

    

    

    “Software Updates” has the meaning set forth
      in Section 7.5.

    

    

    “Specifications” means any packaging, Product
      or service standards, specifications, and other requirements provided by 3M, agreed to by the Parties at the time of any Order (in the case of Equipment Product, including Mack Technologies Florida Inc.) or otherwise approved in writing by 3M.

    

    

    “Subsidiary” has the meaning set forth in the
      Merger Agreement.

    

    

    “Supplier” has the meaning set forth in
      Section 1.1.

    

    

    “Supplier Fee” has the meaning set forth in
      Section 5.5.

    

    

    “Supplier Personnel” means any personnel
      assigned or engaged by Supplier to perform Supplier’s obligations under this Agreement including employees and agents of Supplier, a Supplier Affiliate, or a 3M-approved subcontractor.

    

    

    “Term” has the meaning set forth in Section
      3.1.

    

    

    “Termination” means any termination of this
      Agreement under Section 3.2.

    

    

    “Transition Distribution Services Agreement”
      has the meaning set forth in the Separation Agreement.

    

    

    “Transaction Documents” has the meaning set
      forth in the Merger Agreement.

    

    

    “Transition Services Agreement” has the
      meaning set forth in the Separation Agreement and shall include the corollary term “TSA”.

    

    

    “Unavoidable Delay” means an event beyond the
      Party’s control, without the Party’s fault or negligence (including civil or military authority, war, flood, fire, or epidemic). Unavoidable Delay does not include: (a) any labor dispute; (b) nonperformance by Supplier’s supplier; (c) any delay
      preventable by Supplier by moving the affected Product to an alternate Supplier facility; (d) changes in cost; or (e) changes in market conditions.

    

    

    “Weighted Average Sales Price” has the
      meaning set forth in Section 5.6.Exhibit 10.8

    

    

    MASTER REAL ESTATE LICENSE AGREEMENT

    

    

    This MASTER REAL ESTATE LICENSE AGREEMENT (this “Agreement”),

      dated as of September 1, 2022, is entered into by and among each legal entity listed under the heading “Licensor” on the signature pages hereto (each, a “Licensor”
      and collectively, the “Licensors”), and each legal entity listed under the heading “Licensee” on the signature pages hereto (each, a “Licensee” and collectively, the “Licensees” and, together with the Licensors, the “Parties”).

    

    

    RECITALS

    

    

    WHEREAS, 3M Company, a Delaware corporation (the “Company”),

      Garden SpinCo Corporation, a Delaware corporation and wholly owned Subsidiary of the Company (“SpinCo”), Neogen Corporation, a Michigan corporation (“Parent”), and Nova RMT Sub Inc., a Delaware corporation and wholly owned Subsidiary of Parent (“Merger Sub”) entered into an Agreement and Plan of Merger dated as of December 13, 2021 (the “Merger Agreement”);

    

    

    WHEREAS, SpinCo, the Company and Parent entered into a Separation and Distribution Agreement, dated as of December 13, 2021 (the “Separation Agreement” and, together with the Merger Agreement, the “Separation and
          Merger Agreements”);

    

    

    WHEREAS, pursuant to the Separation and Merger Agreements, (i) the Company has agreed to transfer, and cause its Subsidiaries to
      transfer, to SpinCo, and SpinCo has agreed to assume from the Company and its Subsidiaries, the Transferred Assets and the Assumed Liabilities (the “Separation”),

      (ii) in connection with the transfer of the Transferred Assets to (and the assumption of the Assumed Liabilities by) SpinCo, the Company will distribute all of the issued and outstanding shares of capital stock of SpinCo to certain shareholders of
      the Company by way of an Exchange Offer followed by any Clean-Up Spin-Off (the “Distribution”), and (iii) shortly following the Distribution, Merger Sub has
      agreed to merge with and into SpinCo, with SpinCo as the surviving corporation of such merger (the “Merger”), in each case, pursuant to the terms and
      conditions of the Separation and Merger Agreements;

    

    

    WHEREAS, this Agreement is a master real estate license agreement that, together with the Summary Sheets, the Parties intend to constitute
      a Real Estate License Agreement to the extent required for the jurisdictions set forth in Exhibit A hereto;

    

    

    WHEREAS, this Agreement is a “Transaction Document” pursuant to the Separation and Merger Agreements;

    

    

    WHEREAS, this Agreement is being entered into by the Parties (a) as a condition to the Closing and (b) to promote the orderly transition
      of certain operations of the SpinCo Business and to effectuate the orderly consummation of the transactions contemplated under the Separation and Merger Agreements;

    

    

    WHEREAS, Licensee shall obtain alternate premises suitable for the operation of its business and shall use reasonable commercial efforts
      to reduce or eliminate its dependency on the Premises as soon as is reasonably practicable; and

     

    

    
      
        

    

    
    

    

    NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements contained in this Agreement and for other good
      and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, agree as follows:

    

    

    ARTICLE 1

    DEFINITIONS

    

    

    Section 1.1          Certain Defined Terms.  Capitalized terms used but not otherwise defined herein shall have the meanings ascribed thereto in the
        Separation and Merger Agreements.  As used in this Agreement, the following terms shall have the following meanings:

    

    

    “Agreement” has the meaning set forth in the
      introductory paragraph to this Agreement.

    

    

    “All Risk” has the meaning set forth in Section 4.2.

    

    

    “Building” has the meaning set forth on the
      Summary Sheet.

    

    

    “Co-Located Equipment Areas” has the meaning
      set forth in Section 2.1(a).

    

    

    “Common Areas” has the meaning set forth in Section 2.1(a).

    

    

    “Covered Taxes” has the meaning set forth in
      Section 3.3(a).

    

    

    “COVID-19” shall mean SARS-CoV-2 or COVID-19,
      and any evolutions or mutations thereof or related or associated epidemics, pandemics or disease outbreaks.

    

    

    “COVID-19 Measures” means any quarantine,
      “shelter in place,” “stay at home,” workforce reduction, social distancing, shut down, closure, sequester, workplace safety or similar Law, directive, guidelines or recommendations promulgated by any industry group or any Governmental Authority,
      including the Centers for Disease Control and Prevention and the World Health Organization, in each case, in connection with or in response to COVID-19, including the CARES Act and Families First Act.

    

    

    “Disclosing Party” has the meaning in Section 7.16(a).

    

    

    “Dispute” has the meaning set forth in Section 7.9(a).

    

    

    “Distribution” has the meaning set forth in
      the recitals.

    

    

    “Employee Work Spaces” has the meaning set
      forth on the Summary Sheet.

    

    

    “Effective Date” has the meaning set forth in
      Section 6.1.

    

    

    “Excluded Areas” has the meaning set forth in
      Section 2.1(b).

    

    

    “Exit Meeting” has the meaning set forth in Section 6.4.

    

    

    “Exit Plan” has the meaning set forth in Section 6.4.

     

    

    
      2

      
        

    

    

    

    “Headcount” has the meaning set forth on the
      Summary Sheet.

    

    

    “JAMS” has the meaning set forth in Section 7.9(b).

    

    

    “Licensee” has the meaning set forth in the
      introductory paragraph to this Agreement.

    

    

    “Licensee Indemnitees” has the meaning set
      forth in Section 5.4.

    

    

    “Licensee’s Trade Fixtures and Equipment” means
      the trade fixtures and equipment transferred to Licensee as a result of the transactions contemplated by the Separation and Merger Agreements, together with the Asset Purchase Agreement.

    

    

    “Licensor” has the meaning set forth in the
      introductory paragraph to this Agreement.

    

    

    “Licensor Indemnitees” has the meaning set
      forth in Section 5.3.

    

    

    “Licensor’s Fixtures and Personal Property in Premises”
      has the meaning set forth in Section 2.1(a).

    

    

    “Losses” has the meaning set forth in Section 2.4.

    

    

    “Maximum Duration” has the meaning set forth
      on the Summary Sheet.

    

    

    “Merger” has the meaning set forth in the
      recitals.

    

    

    “Merger Agreement” has the meaning set forth
      in the recitals.

    

    

    “Merger Sub” has the meaning set forth in the
      recitals.

    

    

    “Negotiation Period” has the meaning set
      forth in Section 7.9(a).

    

    

    “Notice Addresses” has the meaning set forth
      on the Summary Sheet.

    

    

    “Office Employee Headcount” has the meaning
      set forth on the Summary Sheet.

    

    

    “Parties” has the meaning set forth in the
      introductory paragraph to this Agreement.

    

    

    “Permitted Uses” has the meaning set forth in
      Section 2.2.

    

    

    “Premises” has the meaning set forth on the
      Summary Sheet.

    

    

    “Property” has the meaning set forth in Section 2.1(a).

    

    

    “Receiving Party” has the meaning in Section 7.16(a).

    

    

    “Real Estate License Agreement” each Summary
      Sheet is for the specific location stated and should be treated as a separate and distinct agreement with its own terms unless otherwise stated in this Agreement.

     

    

    
      3

      
        

    

    

    

    “Rules and Regulations” has the meaning set
      forth in Section 2.2.

    

    

    “Separation” has the meaning set forth in the
      recitals.

    

    

    “Separation Agreement” has the meaning set
      forth in the recitals.

    

    

    “Separation and Merger Agreements” has the
      meaning set forth in the recitals.

    

    

    “SpinCo” has the meaning set forth in the
      recitals.

    

    

    “SpinCo Business” has the meaning set forth
      in the TSA (as defined in Section 3.2).

    

    

    “Summary Sheet” has the meaning set forth in
      Section 1.2.

    

    

    “Technical Employee Headcount” has the
      meaning set forth on the Summary Sheet

    

    

    “Technical Spaces” has the meaning set forth
      on the Summary Sheet.

    

    

    Section 1.2          Summary Sheet.   The terms and definitions set forth in the Real Estate License Agreement Summary Sheet (the “Summary Sheet”) shall be incorporated herein.

    

    

    ARTICLE 2

    LICENSE AND PREMISES

    

    

    Section 2.1          Grant of License.

    

    

    (a)          Upon the terms and
        subject to the conditions set forth in this Agreement, Licensor hereby grants to Licensee (i) a non-exclusive license for those employees who are included in the Office Employee Headcount to use and occupy the Employee Work Spaces in a manner
        consistent with past practices and normal operations of the SpinCo Business (without regard to interim COVID-19 Measures or internal protocols related thereto), (ii) a non-exclusive license for those employees who are included in the Technical
        Employee Headcount to use and occupy the Technical Spaces, including creative hubs, in a manner consistent with past practices and normal operations of the SpinCo Business (without regard to interim COVID-19 Measures or internal protocols related
        thereto), (iii) For Brookings, Columbia and Wroclaw ONLY: access on an as-needed basis for visiting design team, marketing
        team and research & development employees in support of in-flight NPIs, sustaining projects and fix-it projects, so long as such access is consistent with current operations and is in compliance with Local Licensor’s security protocols relating
        to guests and/or visiting employees, and (iv) a non‐exclusive license to use in common with Licensor (A) the hallways, entry ways, stairs, elevators, driveways, walkways, parking areas, bathrooms, lounges and common areas, conference rooms,
        cafeteria spaces, loading docks and other special parking areas, and such other areas and facilities in or serving the Building (the “Property”) that are generally needed for access to and use of the Employee Work Spaces and/or the Technical Spaces or in a manner consistent with past practices and normal operations of
        the SpinCo Business (without regard to interim COVID-19 Measures or internal protocols related thereto) (the “Common Areas”), and (B) the areas or rooms in
        the Building or on the Property (other than the Premises) containing any materials, equipment, machinery, parts, spare parts or tools that Licensee is authorized to use pursuant to Section 2.3 (the “Co‐Located Equipment Areas”) or areas that house Licensee’s Trade Fixtures and Equipment (the “Licensee Equipment Areas”).  Licensee shall have the right to use such of Licensor’s personal property, fixtures, equipment, machinery, parts, spare parts and
        tools which may be located in or on the Premises, including lab glassware washing locations and related services in the Building (“Licensor’s Fixtures and Personal
            Property in Premises”) in a manner that is materially consistent with past practices and normal operations of the SpinCo Business (without regard to interim COVID-19 Measures or internal protocols related thereto).  Licensor shall
        not lease, further license or grant any other possessory right as to the Premises to any Third Party.

     

      

    
      4

      
        

    

    

    

    (b)          The license granted
        hereunder shall exclude all areas in the Building or on the Property that are not identified as the Premises, the Common Areas, the Co‐Located Equipment Areas, and the Licensee Equipment Areas (collectively, the “Excluded Areas”).  Licensee shall use commercially reasonable efforts to ensure that its Representatives do not utilize any Excluded Area.  Licensor shall use commercially reasonable
        efforts to ensure that its Representatives do not utilize the Premises; provided, that Licensor retains the right, at its expense and in its sole discretion
        and from time to time, to (i) use or access the Premises for repairs and maintenance, in emergency situations, or as reasonably required to access other parts of the Building; or (ii) modify or improve the Premises in a manner that does not reduce
        the use of the Premises by the SpinCo Business below that previously enjoyed (without regard to interim COVID-19 measures or internal protocols related thereto); provided,
        further, that, in the case of either of the foregoing events, Licensor shall not (x) unreasonably interfere with Licensee’s business activities and shall use
        commercially reasonable measures to mitigate any interference, (y) materially change the confidentiality or security considerations associated with the Premises, or (z) materially reduce the area of the Premises allocated to each employee of
        Licensee (except in connection with a decrease of the License Fee in accordance with Section 3.1).  As a condition to any such access, Licensee may require
        that a Representative of Licensee accompany Licensor during such access (except in the case of emergency situations where immediate access is needed), and Licensor shall, except in cases of emergency, use commercially reasonable efforts to provide
        Licensee with at least twenty-four (24) hours prior written notice of such event.

    

    

    (c)          The Parties acknowledge that the
      License granted hereunder is intended to facilitate the orderly transition of operations to Licensee.  Neither Licensee nor its Affiliates shall (i) have any rights to expand the rights granted hereunder without the prior written consent of Licensor,
      which consent shall not be unreasonably withheld, conditioned, or delayed, or (ii) add additional employee headcount within the Premises without the prior written consent of Licensor, which consent shall not be unreasonably withheld, conditioned, or
      delayed; provided that Licensee shall have the right to propose to Licensor the increase of Office Employee Headcount or Technical Employee Headcount with
      respect to the Premises on a monthly basis, subject to adjustment of the Licensee Fee pursuant to Section 3.1.

    Section 2.2          Use of Premises, Common Areas and Co-Located Equipment Areas.  Licensee’s use of the Premises, the Common Areas, the Co-Located
        Equipment Areas, and the Licensee Equipment Areas hereunder shall be limited to, and Licensee shall use the Premises, the Common Areas, the Co-Located Equipment Areas, and the Licensee Equipment Areas solely for, the continued operation of the
        SpinCo Business in a manner consistent with past practices and normal operations of the SpinCo Business (without regard to interim COVID-19 measures or internal protocols related thereto) (the “Permitted Uses”).  Licensee shall, and shall cause each of Licensee’s Representatives who uses the Premises, the Common Areas, the Co-Located Equipment Areas, or the Licensee Equipment Areas to conduct its
        activities at the Premises, the Common Areas, the Co-Located Equipment Areas, and the Licensee Equipment Areas only in a manner that (a) does not unreasonably interfere with Licensor’s use of the Building, the Property, the Common Areas, the
        Co-Located Equipment Areas, or the Licensee Equipment Areas, (b) complies with all applicable governmental regulations, laws and orders, including, but not limited to, governmental regulations addressing the safe handling and disposal of hazardous
        materials (c) abides by the rules and regulations generally applicable at the Building or the Property as they may be amended by Licensor from time to time (provided such amendments are reasonable, generally applicable at the Building or the
        Property, and would not materially increase Licensee’s obligations or decrease Licensee’s rights hereunder) (the “Rules and Regulations”), and (d) is consistent with the terms of Section 7.16.  If Licensee uses or permits any use of the Premises or other portions of the Building in violation of the Permitted
        Uses and which in any way increases the rate of fire or liability or any other insurance coverage maintained by Licensor on the Building or its contents, Licensee shall pay to Licensor, within thirty (30) days after demand, said increased insurance
        costs.

     

      

    
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    Section 2.3          Use of Equipment.  Upon the terms and subject to the conditions set forth in this Agreement, Licensee shall have the right to
        access or use all materials, equipment, machinery, parts, spare parts and tools that are located in the Building or on the Property to the extent and in a manner consistent with Licensee’s access or usage thereof in connection with past practices
        and normal operations of the SpinCo Business (without regard to interim COVID-19 measures or internal protocols related thereto); provided, however, that in the event Licensee’s access to or use of such equipment, machinery, parts, spare parts or tools is otherwise subject to the terms of another
        Transaction Document (including Licensee’s access to or use of any information technology equipment or hardware which may be subject to the terms of the Transition Services Agreement and Schedule 1 and Annex A thereto), the terms of such other
        Transaction Document shall control such access or use by Licensee. Notwithstanding anything in this Agreement to the contrary, this Agreement shall not modify or change any right of Licensee to such access or use as may be provided under such other
        Transaction Document.

    

    

    Section 2.4          Security.  Licensee understands and
        acknowledges that in some circumstances there may not be a demising wall or other physical barrier to delineate the Premises from the Common Areas and Excluded Areas or to physically prevent Licensor’s Representatives from accessing the Premises.
        Subject to Section 7.16, Licensee accepts any risks associated therewith, provided that (a) Licensor shall not unreasonably interfere with Licensee’s
        business activities during such access and shall use reasonable measures to mitigate any interference by its Representatives, (b) Licensor shall have no obligation to provide any security service to the Premises beyond the security service
        otherwise performed for the general benefit of the Building or the Property and Licensor shall bear no responsibility for any losses, damages, costs, expenses, awards, judgments, penalties or other Liabilities (“Losses”) of any equipment or property of Licensee or any of its Representatives left unattended or improperly secured within the Building or on the Property (except to the extent
        resulting from Licensor’s gross negligence, willful misconduct or breach hereunder).

     

      

    
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    Section 2.5          Utilities.  Licensor shall make (or cause to
        be made) available to Licensee such utilities and other services that are currently being provided to the Premises, and at the level at which the same is currently being furnished to such area, including without limitation (a) electric current; (b)
        passenger and freight elevator service; (c) water for ordinary drinking, cleaning and lavatory purposes; (d) heating and air conditioning, (e) calibration services for the fume hoods, and (f) 3M Shop Work Orders providing for the routine
        maintenance and repair of 3M building infrastructure.  Licensee’s use of electric current shall not exceed the capacity of the existing feeders, risers or wiring installations serving the Premises, and Licensee shall not use any electrical
        equipment which will overload such installations or interfere with the use thereof by other occupants of the Building.   Utilities (for the purposes of this Section 2.5) shall not include hazardous waste dispose, which shall be addressed in Section
        2.9.

    

    

    Section 2.6          Alterations.  Licensee shall not make any
        alteration or modification to the Premises without the prior written consent of Licensor, which consent may be withheld in Licensor’s sole discretion for any reason or no reason and may be conditioned upon, among other requirements, Licensee
        removing such alterations and restoring the Premises to its condition prior to such alterations upon the expiration or the earlier termination of this Agreement.   Licensor’s prior written consent shall not be required for any alteration or
        modification that either (a) is purely decorative or cosmetic or (b)(i) is non‐structural and (ii) does not adversely affect the value or function of the Premises; provided
        that Licensor shall retain sole discretion as to whether to require removal of any such alterations or modifications by Licensee upon the expiration or the earlier termination of this Agreement.  In the event that Licensor consents to any
        alterations or modification in, on or to the Premises, such alterations or modifications shall, at Licensor’s election made in its consent notice, be made by Licensor at Licensee’s sole cost and expense by contractors reasonably approved by
        Licensor.  Licensee shall reimburse Licensor, within ten (10) days of receipt of an invoice from Licensor (with verification documentation and invoices reasonably supporting such costs), for any costs incurred by Licensor in connection with
        alterations or modifications made to the Premises in accordance with this Section 2.6 or in repairing any damage to the Premises, the Building or any
        personal property, fixtures or equipment of Licensor which may be therein or thereon resulting from the acts or omissions of Licensee, its Representatives or their respective contractors, or as a result of a breach of this Agreement by Licensee. On
        the first day following the Closing Date, Licensor shall not change the Employee Work Space of any employee of the SpinCo Business and shall use commercially reasonable efforts to limit changes to such Employee Work Spaces during the term of this
        Agreement other than changes made by the Company in the ordinary course of business.

    

    

    Section 2.7          Maintenance of Premises.  Licensee shall (a) keep and maintain the Premises and any Licensor’s Fixtures and Personal Property in the Premises in properly functioning, safe,
        orderly and sanitary condition, ordinary wear and tear excepted, and (b) permit no physical waste of or damage to the Premises or any Licensor’s Fixtures and Personal Property in the Premises.  Notwithstanding the foregoing, Licensee shall not be
        obligated to keep any of Licensor’s Fixtures and Personal Property in Premises in a condition better than the conditions of such Licensor’s Fixtures and Personal Property in Premises as of the Closing Date or to make any structural repairs or
        repair damage when caused by damage from the elements, fire or other casualty to the Premises or from the negligence or wrongful acts of Licensor or a landlord, or their respective agents, employees, sublessees or licensees (other than Licensee). 
        Licensee shall not be liable for any loss of, or damage to, any Licensor’s Fixtures and Personal Property in Premises caused by any condemnation or casualty.

     

      

    
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    Subject to the foregoing, Licensor shall perform all repairs and maintenance as are necessary to keep the Building and all building
      systems (HVAC, plumbing, structural systems, roof, etc.) in good operating condition.

    

    

    LICENSOR SPECIFICALLY DISCLAIMS ANY OBLIGATION TO REPAIR, MAINTAIN, CALIBRATE, ADJUST OR TEST ANY EQUIPMENT THAT IS
      LOCATED WITHIN THE PREMISES, BUT IS OWNED BY THE LICENSEE (INCLUDING, BUT NOT LIMITED TO PERSONAL PROPERTY, TRADE FIXTURES OR EQUIPMENT THAT TRANSFERRED TO LICENSEE/BUYER PURSUANT TO THE SEPARATION AND MERGER AGREEMENTS).

    

    

    Section 2.8          Janitorial and Trash Removal Services. All trash removal services shall be performed in accordance with work schedules reasonably established by Licensor in a manner consistent with past
        practices and normal operations (without regard to interim COVID-19 measures or internal protocols related thereto), unless otherwise mutually agreed by the Parties in writing.

    

    

    Section 2.9          Hazardous Waste Disposal.  Licensee shall be responsible for handling and disposal of waste and materials generated by Licensee’s
        operations at the Premises; provided, however, that Licensor shall provide hazardous waste proposal services to Licensee solely with respect to for
        Shanghai, China, Beijing, China, Dongtan, Korea, and Sagamihara, Japan as required by applicable law. All hazardous waste handling and disposal shall be performed in accordance with applicable law and 3M safety guidelines.

    

    

    Section 2.10          Telecommunications Services.  Licensee
        acknowledges and agrees that (a) except to the extent required by the Transition Services Agreement, Licensor shall have no obligation to provide to Licensee any telecommunications services (including telephone, internet or printing services) at
        the Premises, the Building or the Property and (b) Licensee shall not install any additional information technology infrastructure (including cabling or data centers) at the Premises, the Building or the Property, nor will Licensee modify any
        information technology infrastructure at the Premises, the Building or the Property unless Licensee shall have received Licensor’s prior written consent, which consent may be withheld or granted in Licensor’s sole discretion, with respect to such
        proposed installation or modification.

    

    

    Section 2.11          No Signage.  Licensee shall not place, display, hang, affix or otherwise attach any signs to the Premises or Building.

    

    

    Section 2.12          Compliance with Applicable Laws.  Licensee
        shall comply with all Laws applicable to its use of the Premises.  Licensee and Licensor shall promptly notify the other if Licensee or Licensor, as the case may be, receives any notice, either written or oral, from any Governmental Authority or
        insurance carrier relating to Licensee’s use of the Premises.  In no event shall Licensee be obligated to perform any alterations to the Building in order to comply with any Law.

     

      

    
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    Licensee agrees it shall secure for itself, to the extent possible and feasible, all permits, licenses or similar authorizations
      (“Environmental Authorization” or “Environmental Authorizations,” as appropriate) required under applicable federal, state or local environmental laws, statutes, rules, or ordinances (“Environmental Law”) that are necessary to Licensee’s operations
      at the Premises or within the Building.

    

    

    Section 2.13          COVID-19 Considerations.  Licensee agrees to abide by and follow all reasonable health and safety rules and guidelines enacted by Licensor in response to COVID-19 and generally applicable within the Building.  Notwithstanding the foregoing, all rules
        and guidelines enacted by Licensor shall be presumed reasonable so long as they: (a) are applicable to both Licensor and Licensee’s employees working within the Building; and (b) are consistent with COVID-19 Measures.

    

    

    Licensor shall have the discretion to temporarily close the Building to general employees as a response measure to COVID-19 and Licensee
      hereby agrees to comply with such closure.   In the event of closure, Licensor and Licensee shall make reasonable efforts to coordinate limited access to the Premises, the Common Areas, the Co‐Located Equipment Areas, or the Licensee Equipment Areas
      for retrieval of personal property, to the extent that access is reasonably necessary to the continued operation of the SpinCo Business and so long as such efforts are consistent with COVID-19 Measures.   Licensee shall continue to pay the License
      Fee (as set forth in Section 3.1) during any such period of closure or limited access due to COVID-19.

    

    

    ARTICLE 3

    LICENSE FEE

    

    

    Section 3.1          License Fee.  The License Fee shall be as set forth in Paragraph 3 of the Summary Sheet.  In the event of a reduction in
        Licensee’s Office Employee Headcount or Technical Employee Headcount during the Initial Term, Licensee shall notify Licensor in writing of such reduction and the Licensee Fee shall be reduced accordingly. In the event of an increase in Licensee’s
        Office Employee Headcount or Technical Employee Headcount during the Initial Term, following receipt of Licensor’s prior written consent in accordance with Section 2.1(c), the Licensee Fee shall be increased accordingly. Upon the expiration of the
        TSA, Licensor shall send a monthly invoice of charges to Licensee and Licensee shall remit payment via electronic funds transfer by the first day of each calendar month of the term; provided that the last such payment due hereunder shall be paid on
        the last day of the term, and that obligation shall survive.

    

    

    Section 3.2          Payment of License Fee via Settlement Statement.  Licensor shall include amounts payable by Licensee under this Agreement in the
        relevant monthly Settlement Statements issued to Licensee (or its applicable Affiliate) pursuant to Section 3.3(a) of the Transition Services Agreement (the “TSA”), and payment of any such amounts shall be made pursuant to Section 3.3(a) of the
        TSA.

     

      

    
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    Section 3.3          Taxes.

    

    

    (a)          The amounts set forth
        herein with respect to fees, charges, expenses and other amounts due hereunder are exclusive of all applicable sales, use, value-added, transfer, goods and services or other similar taxes, duties, levies, or fees in the nature of a tax, including
        interest and penalties imposed by a Governmental Authority, that Licensor may be required to collect from Licensee in connection with Licensor’s performance hereunder or that may be payable as a result of these transactions (“Covered Taxes”).  Licensee shall be responsible for and pay any Covered Taxes imposed as a result of the transactions contemplated by this Agreement or imposed
        on it with respect to the payments due to Licensor hereunder.  Notwithstanding the above, if Licensor is required by applicable Law or order to collect or pay Covered Taxes, Licensor shall either collect such Covered Taxes from Licensee by
        collecting such Covered Taxes in the Settlement Statement for the applicable month or, if the underlying transaction that gives rise to the Covered Taxes is not addressed in the Settlement Statement, then such Covered Taxes shall be collected in a
        similar manner to the payment related to the underlying transaction.  Licensor shall not collect any Covered Taxes for which Licensee furnishes a valid and properly completed exemption certificate or other proof of exemption for which Licensee may
        legally claim an available exemption from such Covered Tax.  Licensee shall be responsible for any Covered Tax, interest and penalty if such exemption certificate or other form of proof of exemption is disallowed by the Taxing Authority.

    

    

    (b)          Except for any Covered
        Taxes pursuant to Section 3.3(a), the Parties shall make all payments to one another free and clear of, and without deduction or withholding for any other
        Taxes unless required to deduct or withhold by applicable Law or order.  In the event that a Party is required to deduct or withhold Taxes (other than Covered Taxes) in connection with any payments to the other Party pursuant to this Agreement,
        then such Party shall duly withhold and remit such Taxes to the appropriate Governmental Authority and shall pay to the other Party the remaining net amount after the Taxes have been withheld as reflected in the Settlement Statement for the
        applicable month.  Such Party shall, as soon as reasonably practicable, furnish to the other Party a copy of an official tax receipt or other appropriate evidence of any taxes imposed on payments made hereunder.  Each Party shall provide to the
        other Party any certification reasonably necessary to certify a Party’s eligibility (if any) for exemption or reduction of withholding or to certify a Party’s status under the Foreign Account Tax Compliance Act, if applicable.

    

    

    ARTICLE 4

    INSURANCE

     

    

    Section 4.1  Licensee’s Insurance. 

      Licensee shall be responsible, at its own cost and expense, to obtain and maintain any insurance it desires on any equipment, machinery,
      parts, spare parts, tools or any other personal property of Licensee or any of its Representatives, to the extent that such property is located at the Premises or in the Building.  Licensee shall obtain and maintain (a) commercial general liability
      insurance with a policy limit of at least $2,000,000.00 (or an equivalent amount in local currency) and (b) employer’s liability and workers’ compensation insurance as required by applicable Law.

    

    

    Section 4.2  Licensor’s Insurance. 

      Licensor shall maintain or cause to be maintained All Risk also known as Special Form Property insurance (hereinafter referred to as “All Risk”) in
      respect of the Building and other improvements on the land normally covered by such insurance (except for the property the Licensee is required to cover with insurance under this Agreement) for the benefit of Licensor and other parties Licensor may
      from time to time designate, as their interests may appear.  The All Risk insurance will be on a full replacement cost basis and not less than the amount sufficient to avoid the effect of the co‐insurance provisions of the applicable policy or
      policies.  Licensor shall also maintain (a) commercial general liability insurance with a policy limit of at least $2,000,000.00 (or an equivalent amount in local currency) and (b) employer’s liability and workers’ compensation insurance as required
      by applicable Law.

     

    

    
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    Section 4.3  Waiver of Subrogation. 

      Licensor and Licensee, on behalf of themselves and all others claiming under them (including any insurer) waive all claims, demands, or rights of indemnity that either of them may have against the other (including all rights of subrogation)
      arising out of damage to any property, real or personal, resulting from fire or other casualties, no matter what the cause thereof may be.  The Parties waive their respective rights, as set forth herein, because adequate insurance is to be maintained
      by each of them to protect themselves against all such casualties and they have obtained or agree to obtain from their insurance carriers appropriate “waiver of subrogation” provisions in all such policies of insurance.  Each Party shall provide the
      other Party with an endorsement to the casualty coverage confirming such waiver.  Should the waiver come into effect by reason of an act or omission of either Party, the Party benefitting from such waiver shall be responsible for the commercially
      reasonable deductible amount under the other Party’s insurance policy.  The waiver set forth herein shall not apply to workers compensation claims.

    

    

    ARTICLE 5

    LIMITATION OF LIABILITIES; INDEMNIFICATION

    

    

    Section 5.1          Limitation of Liabilities.

    

    

    (a)          (i)          Except in the case of actual and intentional Fraud, gross negligence, or willful misconduct by Licensor or any of its Affiliates, Licensee’s maximum, cumulative and sole
        remedy, and Licensor’s and its Affiliates’ maximum, cumulative and sole liability (based on breach of warranty, breach of contract, negligence, strict liability in tort or any other legal or equitable theory) to Licensee for all Losses arising out
        of any performance or non-performance under this Agreement, is limited to an amount not to exceed the aggregate amount paid by Licensee to Licensor with respect to License Fees as of the date of the performance or non-performance from which such
        Losses arose.  Licensee acknowledges that such amount constitutes fair and reasonable compensation for such Losses.  Notice of any claim for Losses shall be in writing and made reasonably promptly after becoming aware of such claim but in no event
        later than one (1) month after the date of termination or expiration of this Agreement and such claim must specify the Losses amount claimed and a reasonable description of the action giving rise to the claim.  Notwithstanding anything in this
        Agreement to the contrary, in no event shall Licensor be liable for Losses under this Agreement to the extent such Losses were the result of Licensee’s (i) breach of this Agreement or (ii) manner of operating or conducting the SpinCo Business
        (including the operations or systems of the SpinCo Business) if operated or conducted materially differently than the manner in which the SpinCo Business was operated or conducted immediately prior to the Closing Date.  The limitations set forth in
        this Section 5.1(a) shall not apply in respect of such Losses that result from any breach by Licensor or its Affiliates of Section 7.16.

     

      

    
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    (ii)          Except in the case of
        Fraud, gross negligence, or willful misconduct by Licensee’s or any of its Affiliates, Licensor’s maximum, cumulative and sole remedy, and Licensee’s and its Affiliates’ maximum, cumulative and sole liability (based on breach of warranty, breach of
        contract, negligence, strict liability in tort or any other legal or equitable theory) to Licensor for all Losses arising out of any performance or non-performance under this Agreement, is limited to an amount not to exceed the aggregate amount
        paid by Licensee to Licensor with respect to License Fees as of the date of the performance or non-performance from which such Losses arose.  Licensor acknowledges that such amount constitutes fair and reasonable compensation for such Losses. 
        Notice of any claim for Losses shall be in writing and made reasonably promptly after becoming aware of such claim but in no event later than one (1) month after the date of termination or expiration of this Agreement and such claim must specify
        the Losses amount claimed (to the extent then known) and a reasonable description of the action giving rise to the claim.  Notwithstanding anything in this Agreement to the contrary, in no event shall Licensee be liable for Losses under this
        Agreement to the extent such Losses were the result of Licensor’s (A) breach of this Agreement or (B) manner of operating or conducting the SpinCo Business (including the operations or systems of the SpinCo Business) if operated or conducted
        materially differently than the manner in which it was operated or conducted immediately prior to the Closing Date.  The limitations set forth in this Section 5.1(a)
        shall not apply in respect of such Losses that result from any breach by Licensee or its Affiliates of Section 7.16.

    

    

    (b)          No Party nor any of their
        respective Affiliates shall be liable in connection with this Agreement for any Losses that are punitive, incidental, consequential, special or indirect or not reasonably foreseeable, including any loss of future revenue, profits, income, or
        anticipated savings, loss of business reputation or opportunity relating to the breach or alleged breach of this Agreement, diminution of value and any Losses based on any type of multiple.  The limitation of this Section 5.1(b) applies regardless of whether the Losses are based on breach of warranty, breach of contract, negligence, strict liability in tort, or any other legal or equitable
        theory, but shall not apply in respect of such Losses that (i) result from that Party’s breach of Section 7.16, or (ii) are payable to a non-Affiliated
        third party by a Party pursuant to an obligation to indemnify under Section 5.3 or Section 5.4, as applicable.

    

    

    (c)          Notwithstanding anything
        in this Agreement to the contrary, Licensor shall not be liable to Licensee or any of its Representatives for any Losses caused by or resulting from any temporary variation, interruption or failure to provide any service or utility that is required
        to be provided by Licensor pursuant to this Agreement; provided that such interruption is not caused by Licensor’s gross negligence or intentional
        misconduct.

    

    

    (d)          Licensee’s use of the
        Premises shall be at its own risk and expense and, in granting the license afforded by this Agreement, Licensor assumes no responsibility or liability whatsoever to any person, including Licensee, for any injury, including death, or property damage
        caused by, attributable to or resulting from Licensee’s acts, omissions or use of the Premises, unless caused by the gross negligence or willful misconduct of Licensor.

    

    

    (e)          Licensor and Licensee
        hereby release each other and their respective Representatives from any claims for damage or injury to their respective real and personal property in, on or about the Premises that are caused by or resulting from any risk actually insured against
        (or required to be insured against hereunder) under the All Risk insurance.

     

      

    
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    Section 5.2          Disclaimer of Warranties.  LICENSEE AGREES TO ACCEPT THE PREMISES ON AN “AS IS” BASIS AND ACKNOWLEDGES THAT, EXCEPT AS EXPRESSLY
        SET FORTH IN ARTICLE 2 OF THIS AGREEMENT, LICENSOR HAS MADE NO WARRANTY HEREIN, EXPRESS OR IMPLIED, AS TO THE MAINTENANCE OR REPAIR OF THE PREMISES, THE COMMON AREAS, THE CO‐LOCATED EQUIPMENT AREAS, THE LICENSEE EQUIPMENT AREAS, THE BUILDING OR THE
        PROPERTY NOR HAS IT MADE ANY PROMISE TO ALTER, REMODEL OR IMPROVE THE PREMISES, THE COMMON AREAS, THE CO‐LOCATED EQUIPMENT AREAS, THE LICENSEE EQUIPMENT AREAS, THE BUILDING OR THE PROPERTY.  EXCEPT AS OTHERWISE PROVIDED IN THE SEPARATION AND MERGER
        AGREEMENTS, LICENSOR HEREBY DISCLAIMS ANY WARRANTIES OF ANY KIND WITH RESPECT TO THE NATURE, CONDITION OR QUALITY OF THE PREMISES OR THE RESULTS THAT WILL BE OBTAINED BY USING THE PREMISES, THE COMMON AREAS, THE CO‐LOCATED EQUIPMENT AREAS, THE
        LICENSEE EQUIPMENT AREAS, THE BUILDING OR THE PROPERTY.  LICENSEE EXPRESSLY AFFIRMS THAT, EXCEPT FOR ANY REPRESENTATIONS OR WARRANTIES EXPRESSLY SET FORTH IN THE SEPARATION AND MERGER AGREEMENTS, IT IS NOT RELYING ON ANY WARRANTIES OR CONDITIONS,
        EXPRESS OR IMPLIED, OF LICENSOR OR ITS AFFILIATES IN ENTERING INTO THIS AGREEMENT AND ACKNOWLEDGES AND AGREES TO THE DISCLAIMERS IN THIS SECTION 5.2.

    

    

    Section 5.3          Indemnification by Licensee.  Licensee shall indemnify, defend and hold harmless Licensor, each its equityholders, members,
        partners, agents, representatives, directors, officers and employees (collectively, the “Licensor Indemnitees”) from and against, and shall pay and reimburse
        each of the Licensor Indemnitees for, any and all Losses incurred or sustained by, or imposed upon, the Licensor Indemnitees to the extent arising out of claims made or threatened by non‐Affiliated third parties arising from, out of, or in
        connection with, any property damage or bodily harm arising in connection with (a) the use or occupancy of the Premises by Licensee or any of its Representatives, or any act, omission, activity, work or other thing done, permitted or suffered by
        Licensee or its Representatives in or about the Premises or Building, except to the extent caused by the gross negligence or willful misconduct of a Licensor Indemnitee, or (b) any breach or default in the performance of any obligation on
        Licensee’s part to be performed under the terms of this Agreement.

    

    

    Section 5.4          Indemnification Procedures.

    

    

    (a)          All claims for
        indemnification pursuant to Section 5.3 shall be made in accordance with the indemnification procedures set forth in Article  6 of the Separation Agreement; provided, however, that Article 6 of the Separation Agreement is referenced here solely for the purpose of providing procedures for making claims for indemnification under this Agreement and no substantive
        limitations on the nature, scope, or amount of indemnification stated expressly or by implication, or incorporated by reference, in Article 6  of the Separation Agreement shall apply to claims for indemnification pursuant to Section 5.3.  The nature, scope, and amount of any indemnification pursuant to Section

            5.3 shall be determined solely by reference to Section 5.3, as applicable, and the terms of this Agreement.

     

      

    
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    (b)          No right of
        indemnification shall exist under this Agreement with respect to matters for which indemnification may reasonably be claimed under the Separation Agreement, it being the intent of the Parties that claims that are addressed under the Separation
        Agreement shall be governed solely by the Separation Agreement , as applicable.  No right of indemnification shall exist under the Separation Agreement for claims arising out of or relating to this Agreement, it being the intent of the Parties that
        claims shall be governed solely by the provisions of this Agreement.  Notwithstanding the foregoing, no claim for indemnification under this Agreement shall be denied solely based on the preceding two sentences if such claim was initially bought
        under the Separation Agreement and denied because the subject matter of such claim was reasonably believed to be covered under the indemnification provisions of this Agreement.

    

    

    ARTICLE 6

    TERM AND TERMINATION

    

    

    Section 6.1          Term.  This Agreement shall become effective on the Closing Date and, unless terminated earlier pursuant to Section 6.2, shall continue on a month‐to‐month basis, except that in no event shall the term of this Agreement exceed the Maximum Duration from the Effective
        Date unless an extension to the term is agreed by the Licensor; provided that in the event that the Closing Date is not the same day as the first calendar day of the month in which the Closing occurs (the “Effective Date”), this Agreement shall be deemed effective as of the Effective Date for tax, accounting and Settlement Statement purposes.  In the event the TSA is terminated prior to the expiration
        date set forth therein due to a breach by Licensee (as defined in the TSA), this Agreement shall immediately terminate therewith.

    

    

    Section 6.2          Termination.  This Agreement may be terminated at any time:

    

    

    (a)          by the mutual written
        consent of Licensor and Licensee;

    

    

    (b)          by either Party for a
        material breach of this Agreement by the other Party that is not cured within thirty (30) days after written notice delivered to such other Party by the terminating Party; or

    

    

    (c)          by Licensee upon thirty
        (30) days’ prior written notice delivered to Licensor.

    

    

    Section 6.3          Licensee’s Obligations on Termination.  Upon the expiration or termination of this Agreement, Licensee shall surrender the
        Premises and all the Licensor’s Fixtures and Personal Property in Premises therein with all improvements in substantially the same order and condition as they were as of the Closing Date (except for any reasonable wear, tear or casualty damage) and
        to which Licensor consented to the extent required under Section 2.6 and the removal of which from the Premises and Building is not required by Licensor in
        accordance with Section 2.6).  In addition, upon the expiration or termination of this Agreement, Licensee shall, without expense to Licensor, within ten
        (10) days of expiration, remove or cause to be removed from the Premises:  (a) all debris and rubbish caused or created by Licensee or its employees, agents or invitees; and (b) any cabling and any and all furniture, fixtures, equipment, in each
        case installed by Licensee; and (c) other articles of personal property of Licensee in the Premises.  Licensee shall, at Licensee’s sole cost and expense, repair all damage or injury that may occur to the Premises or the Building caused by
        Licensee’s removal of such items and shall restore the Premises and Building to their condition immediately prior to such removal.  If any of Licensee’s equipment, or other personal property is not removed from the Premises and Building by Licensee
        within ten (10) days after the expiration or the earlier termination of this Agreement, then Licensor may keep, remove, discard, dispose of, or store the same at Licensee’s cost and expense, without any liability whatsoever to Licensor.

     

      

    
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    With respect to Licensee’s removal of Licensee’s Trade Fixtures and Equipment:  Licensee and/or Licensee’s contractors shall (i) remove
      all of Licensee’s Trade Fixtures and Equipment and dissemble as needed to make same ready for transport, (ii) restore the areas of the Building in which Licensee’s Trade Fixtures and Equipment were located to a broom clean condition including: (x)
      safely capping supply and discharge lines (electrical, liquids, gas, etc.) to the logical distribution or junction points, and (y) repairing any damage or holes to concrete, flowing, walls or ceilings, or other parts of the Building resulting from
      the removal of Licensee’s Trade Fixtures and Equipment. Licensee shall be responsible for paying all other expenses associated with the removal and transportation of Licensee’s Trade Fixtures and Equipment.  Licensor and Licensee shall cooperate to
      define the exact timing for the removal of Licensee’s Trade Fixtures and Equipment; provided, such removal and transportation shall be completed within thirty (30) days following the date of expiration or termination of this Agreement.  Licensor
      agrees, from and after the date of such expiration or termination, to provide, or cause its relevant Subsidiaries to provide, Licensee, its agents and employees access to those areas of the Premises housing Licensee’s Trade Fixtures and Equipment
      during reasonable business hours and upon reasonable notice for the purposes of facilitating the removal and transportation of the Licensee’s Trade Fixtures and Equipment.  During any such period, Licensee’s insurance and indemnity obligations
      hereunder shall continue.

    

    

    If any of Licensee’s equipment, personal property or Licensee’s Trade Fixtures and Equipment are not removed from the Premises and
      Building by Licensee within the time periods set forth in this Section 6.3 above, then Licensor may keep, remove, discard, dispose of, or store the same at
      Licensee’s cost and expense, without any liability whatsoever to Licensor, and Licensee shall reimburse Licensor for those costs promptly upon demand.

    

    

    Section 6.4.          Additional Requirements for Exit/Termination of Technical Spaces.    No later than fifteen (15) days prior to the exit of
        Technical Space by Licensee, Licensee and Licensor (through their designees) shall meet to discuss and agree upon exit procedures (the “Exit Meeting”).    In
        advance of the Exit Meeting,  Licensor agrees to disclose the location, quantities and types of Hazardous Substances stored on the Premises, and to provide a proposal for safe removal, transportation, cleaning and/or disposal of such Hazardous
        Substances (the “Exit Plan”), which shall be subject to Licensee’s approval, in its reasonable discretion.    In the event that Licensee fails to obtain an
        approved Exit Plan or fails to exit the Technical Space in accordance with the approved Exit Plan, then Licensor shall take such action as Licensor deems reasonably necessary to ensure that Hazardous Substances are safely removed, transported,
        cleaned, and disposed of at Licensee’s sole cost and expense, without any liability whatsoever to Licensor, and Licensee shall reimburse Licensor for those costs promptly upon demand.

     

      

    
      15

      
        

    

    

    

    Section 6.5          Effect of Termination.  Upon termination of this Agreement pursuant to Section 6.2, this Agreement shall forthwith become null and void; provided that the provisions of Article 3, Section 4.3, Article 5, Section 6.3, Section 6.4 and Article 7 shall survive the termination of this Agreement and shall remain valid and binding obligations of the Parties in accordance with their terms.

    

    

    ARTICLE 7

    MISCELLANEOUS

    

    

    Section 7.1          Fees and Expenses.  Except as otherwise expressly provided in this Agreement, all costs and expenses incurred, including fees and
        disbursements of counsel, financial advisors, accountants and consultants, in connection with this Agreement and the transactions contemplated hereby shall be borne by the Party incurring such costs and expenses; provided, however, that in the event this Agreement is terminated or expires in accordance
        with its terms, the obligations of each Party to bear its own costs and expenses will be subject to any rights of such Party arising from a breach of this Agreement by the other Party prior to such termination or expiration.

    

    

    Section 7.2          Notices.  All notices or other communications to be delivered in connection with this Agreement shall be in writing (including by
        e-mail, provided, that e-mail shall not constitute notice for any purpose hereunder) and shall be deemed to have been properly delivered, given and received
        (a) on the date of delivery if delivered by hand during normal business hours of the recipient during a Business Day, otherwise on the next Business Day, (b) on the date of successful transmission if sent via facsimile during normal business hours
        of the recipient during a Business Day, otherwise on the next Business Day, or (c) on the date of receipt by the addressee if sent (i) by a nationally recognized overnight courier or (ii) by registered or certified mail, return receipt requested,
        and if received on a Business Day, and otherwise on the next Business Day.  Such notices or other communications must be sent to each respective Party at the Notice Addresses set forth on the Summary Sheet (or at such other notice address as shall
        be specified by a Party in a notice given in accordance with this Section 7.2).

    

    

    Section 7.3          Entire Agreement.  This Agreement (including the Summary Sheet), the Separation and Merger Agreements, the other Transaction
        Documents and any other agreements, instruments or documents being or to be executed and delivered by a Party or any of its Affiliates pursuant to or in connection with this Agreement constitute the sole and entire agreement of the Parties with
        respect to the subject matter contained herein and therein, and supersede all other prior representations, warranties, understandings and agreements, both written and oral, with respect to such subject matter.

    

    

    Section 7.4          Amendment.  This Agreement (including the Summary Sheet) shall not be amended, modified or supplemented except by an instrument in
        writing specifically designated as an amendment hereto and executed by each of the Parties.

     

      

    
      16

      
        

    

    

    

    Section 7.5          Waivers.  Either Party may, at any time, (a) extend the time for the performance of any of the obligations or other acts of the
        other Party or (b) waive compliance by the other Party with any of the agreements or conditions contained herein.  No waiver by any Party of any of the provisions hereof shall be effective unless expressly set forth in a written instrument executed
        and delivered by the Party so waiving.  No waiver by any Party of any breach of this Agreement shall operate or be construed as a waiver of any preceding or subsequent breach, whether of a similar or different character, unless expressly set forth
        in such written waiver.  Neither any course of conduct or failure or delay of any Party in exercising or enforcing any right, remedy or power hereunder shall operate or be construed as a waiver thereof, nor shall any single or partial exercise of
        any right, remedy or power hereunder, or any abandonment or discontinuance of steps to enforce such right, remedy or power, or any course of conduct, preclude any other or further exercise thereof or the exercise of any other right, remedy or
        power.

    

    

    Section 7.6          Severability.  If any term or provision of this Agreement is invalid, illegal or incapable of being enforced in any situation or
        in any jurisdiction, such invalidity, illegality or unenforceability shall not affect the validity, legality or enforceability of any other term or provision hereof or the offending term or provision in any other situation or any other
        jurisdiction, so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to either Party.  Upon any such determination that any term or other provision is invalid, illegal or
        incapable of being enforced, the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as closely as possible, in a mutually acceptable manner, in order that the transactions contemplated
        hereby be consummated as originally contemplated to the fullest extent possible under applicable Law.

    

    

    Section 7.7          No Third Party Beneficiaries.  Except to the extent provided in Section 5.3 and Section 5.4 (in each case, the provisions of which shall inure to the benefit of the Persons referenced
        therein as third party beneficiaries of such provisions, including as applicable, Licensor Indemnitees and Licensee Indemnitees), this Agreement shall be binding upon and inure solely to the benefit of each Party and its successors and permitted
        assigns, and nothing in this Agreement, express or implied, is intended to or shall be construed to confer upon any other Person any legal or equitable rights, benefits or remedies of any nature whatsoever under or by reason of this Agreement. 
        This Agreement may be amended or terminated, and any provision of this Agreement may be waived, in accordance with the terms hereof without the consent of any Person other than the Parties.

    

    

    Section 7.8          Assignment.  Neither this Agreement nor any of the rights, interests or obligations hereunder may be assigned or delegated, in
        whole or in part, directly or indirectly, by operation of Law or otherwise (including by merger, contribution, spin-off or otherwise), by either Party without the prior written consent of the other Party, and any purported assignment or delegation
        in contravention of this Section 7.8, and any further license by Licensee of the use of the Premises or permission to occupy any part thereof by any Person
        other than Licensee’s Representatives, shall be null and void and of no force and effect.  Notwithstanding the preceding sentence, either Party may, without the prior written consent of the other Party, assign its rights under this Agreement, in
        whole or in part, to one or more of its Subsidiaries upon prior written notice to the other Party; provided, however, that no such assignment shall relieve such assigning Party of its obligations hereunder; provided,
        further, that if any such assignment increases the Taxes borne by Licensor, Licensee shall indemnify, defend and hold harmless the Licensor Indemnitees from
        and against, and shall pay and reimburse each of the Licensor Indemnitees for, such increases and any and all Losses, incurred or sustained by, or imposed upon, the Licensor Indemnitees to the extent arising out of such matter.  Subject to the
        preceding sentences of this Section 7.8, this Agreement shall be binding upon, shall inure to the benefit of and shall be enforceable by the Parties and
        their respective successors and permitted assigns.  Notwithstanding anything herein to the contrary, if Licensor shall sell the Property or any part thereof after the Closing Date, Licensor shall cause the purchaser to enter into a contractually
        binding agreement with Licensee under which such purchaser agrees to recognize Licensee’s rights hereunder.

     

      

    
      17

      
        

    

    

    

    Section 7.9          Dispute Resolution.

    

    

    (a)          Any claim, disagreement
        or dispute between the Parties arising out of or relating to this Agreement or any of the transactions contemplated by this Agreement (a “Dispute”) shall be
        resolved in the manner provided in this Section 7.9.  The Parties shall attempt to resolve any Dispute by negotiating in good faith for a period of thirty
        (30) days after receipt by either Party of a written notice of the Dispute from the other Party (the “Negotiation Period”). The written notice shall
        identify, with reasonable particularity, each matter or issue that is the subject of the Dispute, a summary of the basis for the Party’s position with respect to each such matter or issue and the relief being requested by the Party.  Subject to Section 7.9(b), no Party shall commence any Legal Proceeding in respect of any Dispute (i) until the expiration of the Negotiation Period; or (ii) if the other
        Party has refused to participate or has not reasonably participated in the required negotiation process in good faith set forth in this Section 7.9(a).

    

    

    (b)          Notwithstanding anything
        to the contrary provided in this Section 7.9, either Party may at any time, in connection with any Dispute, apply for temporary injunctive or other
        provisional judicial relief pursuant to Section 7.10 if, in such Party’s sole judgment, such action is necessary to avoid irreparable damage or to preserve
        the status quo until such time as such Dispute is otherwise resolved in accordance with this Section 7.9.  Any such action pursuant to Section 7.10 shall not relieve any Party of its obligation to fully comply with this Section 7.9 promptly following commencement of any such action.

    

    

    Section 7.10          Governing Law; Submission to Jurisdiction; Waiver of Jury Trial.

    

    

    (a)          This
        Agreement and all matters arising out of or relating to this Agreement or any of the transactions contemplated hereby, including all rights of the Parties (whether sounding in contract, tort, common or statutory law, equity or otherwise), shall be
        interpreted, construed and governed by and in accordance with the internal Laws of the State of Delaware without giving effect to any choice or conflict of law provision or rule (whether of the State of Delaware or any other jurisdiction) that
        would cause the application of the Law of any jurisdiction other than those of the State of Delaware.

     

      

    
      18

      
        

    

    

    

    (b)          Subject

        to Section 7.9, each of the Parties (i) consents to submit itself to the exclusive jurisdiction of the Court of Chancery of the State of Delaware in any
        Legal Proceeding arising out of or relating to this Agreement or any of the transactions contemplated by this Agreement (or, in the event, but only in the event, that such court does not have subject matter jurisdiction over such Legal Proceeding,
        the Superior Court of the State of Delaware (Complex Commercial Division)) or if the subject matter jurisdiction over such Legal Proceeding is vested exclusively in the federal courts of the United States of America, the United States District
        Court for the District of Delaware located in Wilmington, Delaware, (ii) agrees that all claims in respect of any such Legal Proceeding may be heard and determined in any such court, (iii) agrees that it shall not attempt to deny or defeat such
        jurisdiction by motion or other request for leave from any such court, (iv) agrees not to bring any Legal Proceeding arising out of or relating to this Agreement or any of the transactions contemplated by this Agreement (whether in contract, tort,
        common or statutory law, equity or otherwise) in any other court and (v) agrees that a final, non-appealable judgment in any such Legal Proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any
        other manner provided by applicable Law.  Each of the Parties waives any defense of inconvenient forum to the maintenance of any Legal Proceeding brought in accordance with this Section 7.10(b).  Each of the Parties agrees that the service of any process, summons, notice or document in connection with any such Legal Proceeding in the manner provided in Section 7.2 or in such other manner as may be permitted by applicable Law, will be valid and sufficient service thereof.

    

    

    (c)          EACH
        PARTY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. 
        EACH PARTY (i) CERTIFIES THAT NO REPRESENTATIVE OF THE OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, (ii) ACKNOWLEDGES THAT IT AND THE OTHER
        PARTY HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 7.10(c), (iii)
        UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER AND (iv) MAKES THIS WAIVER VOLUNTARILY.

    

    

    Section 7.11          Exclusive Remedies. Except as otherwise provided in this Agreement, any and all remedies herein expressly conferred upon a Party
        pursuant to this Agreement shall be deemed cumulative with, and not exclusive of, any other remedy expressly conferred hereby, and the exercise by a Party of any one such remedy will not preclude the exercise of any other such remedy; provided, however, that subject to a Party’s right to bring a claim
        for material breach of contract against the other Party arising from or related to this Agreement (it being understood that Licensee’s failure to pay License Fees or other charges required to be paid pursuant to this Agreement constitutes a
        material breach irrespective of amount), such remedies provided to the Parties pursuant to this Agreement will be the sole and exclusive remedies of the Parties with respect to claims or Disputes arising out of or relating to this Agreement or any
        of the transactions contemplated by this Agreement.  Each of the Parties agrees that, in the event of any breach or threatened breach of any provision of this Agreement by such Party, the other Party shall be entitled to an injunction or
        injunctions, specific performance and other equitable relief to prevent or restrain breaches or threatened breaches hereof and to specifically enforce the terms and provisions hereof.

    

    

    
      19

      
        

    

    

    

    Section 7.12          Interpretation; Construction.

    

    

    (a)          The
        articles, titles and headings to Sections herein are inserted for convenience of reference only and are not intended to be a part of or to affect the meaning or interpretation of this Agreement.  Except as otherwise indicated, (i) all references in
        this Agreement to “Articles,” “Sections,” “Recitals,” and “Appendices” (if any) are intended to refer to Articles, Sections, Recitals and Appendices to this Agreement.  The introductory paragraph, Recitals, and Appendices referred to herein shall
        be construed with and as an integral part of this Agreement to the same extent as if they were set forth verbatim herein.  Any capitalized terms used in any Recital or Appendix but not otherwise defined therein shall be defined as set forth in this
        Agreement unless the context otherwise requires. Neither the making nor the acceptance of this Agreement shall enlarge, restrict or otherwise modify the terms of the Separation and Merger Agreements or constitute a waiver or release by Licensor or
        Licensee of any liabilities, obligations or commitments imposed upon them by the terms of the Separation and Merger Agreements, including the representations, warranties, covenants, agreements and other provisions of the Separation and Merger
        Agreements.  Notwithstanding any other provision of this Agreement to the contrary, in the event and to the extent that there shall be a conflict between the provisions of this Agreement and the provisions of the Separation and Merger Agreements,
        the provisions of the Separation and Merger Agreements shall control (unless this Agreement expressly provides otherwise).

    

    

    (b)          For
        purposes of this Agreement: (i) ”include,” “includes” or “including” shall be deemed to be followed by “without limitation”; (ii) ”hereof,” “herein,” “hereby,” “hereto” and “hereunder” shall refer to this Agreement as a whole and not to any
        particular provision of this Agreement; (iii) ”extent” in the phrase “to the extent” shall mean the degree to which a subject or other item extends and shall not simply mean “if”; (iv) ”dollars” and “$” shall mean United States dollars; (v) the
        singular includes the plural and vice versa; (vi) reference to a gender includes the other gender; (vii) ”any” shall mean “any and all”; (viii) ”or” is used in the inclusive sense of “and/or”; (ix) reference to any agreement, document or instrument
        means such agreement, document or instrument as amended, supplemented, modified and in effect from time to time in accordance with its terms; and (x) reference to any Law means such Law as amended from time to time and includes any successor
        legislation thereto and any regulations promulgated thereunder.

    

    

    (c)          The
        language used in this Agreement shall be deemed to be the language chosen by the Parties to express their mutual intent, and no rule of strict construction shall be applied against either Party.  The Parties have participated jointly in the
        negotiation and drafting of this Agreement with the benefit of competent legal representation and, in the event that 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 either Party by virtue of the authorship of any provisions hereof.

     

      

    
      20

      
        

    

    

    

    Section 7.13          Counterparts and Electronic Signatures.  This Agreement may be executed in one or more counterparts, each of which shall be deemed
        to be an original and all of which, when taken together, shall be deemed to be one and the same agreement.  A signed copy of this Agreement transmitted by facsimile, email or other means of electronic transmission shall be deemed to have the same
        legal effect as delivery of an original executed copy of this Agreement for all purposes.

    

    

    Section 7.14          Further Assurances.  The Parties shall use good faith efforts to cooperate with each other in all matters contemplated by this Agreement.  Such cooperation shall include (a) exchanging information, (b) performing true‐ups and adjustments
            and (c) seeking all Consents and Permits necessary to permit each Party to perform its obligations hereunder; provided, however, that no Party shall be required to relinquish or forbear any rights, or incur any out-of-pocket costs, expenses,
            fees, levies or charges, in connection with obtaining such Consents and Permits.

    

    

    Section 7.15          Relationship of the Parties.  Nothing contained in this Agreement shall be deemed or construed as creating a joint venture or
        partnership between the Parties hereto.  No Party is by virtue of this Agreement authorized as an agent, employee or legal representative of the other Party.  No Party shall have the power to control the activities and operations of the other and
        their status is, and at all times shall continue to be, that of independent contractors with respect to each other.  No Party shall have any power or authority to bind or commit the other Party.  No Party shall hold itself out as having any
        authority or relationship in contravention of this Section 7.15.  No legal title or leasehold in the Premises is created or vested in Licensee by grant of
        the license afforded by this Agreement.  Licensee’s use of the Premises hereunder shall not ripen into any title or leasehold in and to the Premises, and Licensee shall not make any claim of right, title or leasehold in or to the Premises.  Nothing
        in this Agreement shall be deemed to create a landlord‐tenant relationship between the Parties.  Licensee acknowledges and agrees that, upon Licensee’s failure to surrender the Premises immediately upon the expiration or earlier termination of this
        Agreement, Licensee shall be considered a trespasser and Licensor shall have all rights and remedies available at law or in equity.  In addition, Licensee shall be liable for any costs incurred by Licensor in removing Licensee from the Premises,
        and for any and all other costs, expenses, or damages which Licensor may incur, as a result of Licensee’s failure to timely surrender possession of the Premises to Licensor immediately upon the expiration or earlier termination of this Agreement.

     

      

    
      21

      
        

    

    

    

    Section 7.16          Confidentiality.

    

    

    (a)          The Parties acknowledge
        that in connection with the transactions contemplated by this Agreement, either Party or any of its Affiliates or its or their respective Representatives (such Party, the “Receiving

            Party”) may obtain access to Confidential Information of the other Party or any of its Affiliates or its or their respective Representatives (such Party, the “Disclosing Party”).  Except as to Confidential Information exclusively relating to the Transferred Assets or the SpinCo Business that was already known by Licensor, any of its Affiliates, or any of its or their respective
        Representatives as of the Closing, which information shall be treated in accordance with the terms set forth in Section 7.2 of the Separation Agreement, the
        Receiving Party shall refrain from (i) using any Confidential Information of the Disclosing Party except for the purpose of providing or supporting the transactions contemplated by this Agreement and (ii) disclosing any Confidential Information of
        the Disclosing Party to any Person, except to such Receiving Party’s Affiliates and its and their respective Representatives and independent contractors as is reasonably required in connection with the exercise of each Party’s rights and
        obligations under this Agreement (and only subject to disclosure restrictions consistent with those set forth herein).  In the event that the Receiving Party is required by any applicable Law or order to disclose any such Confidential Information,
        the Receiving Party shall (A) to the extent permissible by such applicable Law or order, provide the Disclosing Party with prompt and, if practicable, advance, written notice of such requirement, (B) disclose only that information that the
        Receiving Party determines (with the advice of counsel) is required by such applicable Law or order to be disclosed and (C) use reasonable efforts to preserve the confidentiality of such Confidential Information, including by, at the Disclosing
        Party’s request, reasonably cooperating with the Disclosing Party to obtain an appropriate protective order or other reliable assurance that confidential treatment shall be accorded such Confidential Information (at the Disclosing Party’s sole cost
        and expense).  With respect to Representatives of Licensee or any of its Affiliates that, prior to the Closing, were Representatives of Licensor or any of its Affiliates, nothing in this Section 7.16 shall vitiate such Representative’s confidentiality obligations owed to Licensor or any of its Affiliates (other than with respect to Confidential Information related exclusively to the SpinCo
        Business in accordance with the Separation Agreement) as a consequence of such Representative’s former relationship with Licensor or any of its Affiliates.

    

    

    (b)          The Parties acknowledge
        that the Premises will not be separately demised within the Building and there will be no physical boundary preventing any Representative of (i) Licensor from entering the Premises or (ii) Licensee from entering the Excluded Areas, each of which
        will contain Confidential Information of the applicable Party.  Each Party agrees to use commercially reasonable efforts to minimize its exposure to Confidential Information of the other Party and further to minimize the visibility and
        accessibility of its own Confidential Information within (A) the Premises, the Common Areas, the Co‐Located Equipment Areas, and the Licensee Equipment Areas, with respect to Confidential Information of Licensee or any of its Affiliates, or (B) the
        Excluded Areas, the Common Areas, and the Co‐Located Equipment Areas, with respect to Confidential Information of Licensor or any of its Affiliates.

    

    

    Section 7.17          Time is of the Essence.  Time is of the essence of this Agreement.

    

    

    [Signature Pages Follow]

    
      22

      
        

    

    

    

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

    

    

    	 	
            LICENSORS:

          
	 	 	 	 
	 	3M COMPANY

          
	 	 	 	 
	 	
            By:

          	/s/ Jeffrey Lavers

          
	 	 	
            Name:

          	Jeffrey Lavers

          
	 	 	
            Title:

          	Group President

          
	 	 	 	 
	 	3M DO BRASIL LTDA.

            
	 	 	 	 
	 	
            By:

          	/s/ Jeffrey Lavers
	 	 	
            Name:

          	 Jeffrey Lavers
	 	 	
            Title:

          	Attorney-in-fact

          
	 	 	 	 
	 	3M THAILAND LIMITED

            
	 	 	 	 
	 	
            By:

          	/s/ Jeffrey Lavers
	 	 	
            Name:

          	 Jeffrey Lavers
	 	 	
            Title:

          	Attorney-in-fact
	 	 	 	 
	 	3M INDIA LIMITED

            
	 	 	 	 
	 	
            By:

          	/s/ Jeffrey Lavers
	 	 	
            Name:

          	 Jeffrey Lavers
	 	 	
            Title:

          	Attorney-in-fact
	 	 	 	 
	 	3M CHINA LIMITED

            
	 	 	 	 
	 	
            By:

          	/s/ Jeffrey Lavers
	 	 	
            Name:

          	 Jeffrey Lavers
	 	 	
            Title:

          	Attorney-in-fact

    

    

    

    

    [Signature Page to Master Real Estate License Agreement]

    
      
        

    

    
      

      

      	 	3M KOREA LIMITED

            
	 	 	 	 
	 	
              By:

            	/s/ Jeffrey Lavers

            
	 	 	
              Name:

            	Jeffrey Lavers

            
	 	 	
              Title:

            	Attorney-in-fact

            
	 	 	 	 
	 	3M AUSTRALIA PTY LIMITED

              
	 	 	 	 
	 	
              By:

            	/s/ Jeffrey Lavers
	 	 	
              Name:

            	 Jeffrey Lavers
	 	 	
              Title:

            	Attorney-in-fact

            
	 	 	 	 
	 	3M UNITED KINGDOM PUBLIC LIMITED COMPANY

              
	 	 	 	 
	 	
              By:

            	/s/ Jeffrey Lavers
	 	 	
              Name:

            	 Jeffrey Lavers
	 	 	
              Title:

            	Attorney-in-fact
	 	 	 	 
	 	3M JAPAN LIMITED

              
	 	 	 	 
	 	
              By:

            	/s/ Jeffrey Lavers
	 	 	
              Name:

            	 Jeffrey Lavers
	 	 	
              Title:

            	Attorney-in-fact
	 	 	 	 
	 	3M COLUMBIA S.A.

              
	 	 	 	 
	 	
              By:

            	/s/ Jeffrey Lavers
	 	 	
              Name:

            	 Jeffrey Lavers
	 	 	
              Title:

            	Attorney-in-fact

      

      

      

      

      [Signature Page to Master Real Estate License Agreement]

    

    

    

    
      
        

    

    
      

      

      	 	3M DIGITAL SCIENCE COMMUNITY

            
	 	 	 	 
	 	
              By:

            	/s/ Jeffrey Lavers

            
	 	 	
              Name:

            	Jeffrey Lavers

            
	 	 	
              Title:

            	Attorney-in-fact 
	 	 	 	 
	 	3M ARGENTINA STOCK COMPANY

              
	 	 	 	 
	 	
              By:

            	/s/ Jeffrey Lavers
	 	 	
              Name:

            	 Jeffrey Lavers
	 	 	
              Title:

            	Attorney-in-fact

            
	 	 	 	 
	 	P.T. 3M INDONESIA

              
	 	 	 	 
	 	
              By:

            	/s/ Jeffrey Lavers
	 	 	
              Name:

            	 Jeffrey Lavers
	 	 	
              Title:

            	Attorney-in-fact
	 	 	 	 
	 	3M ESPANA, S.L.

              
	 	 	 	 
	 	
              By:

            	/s/ Jeffrey Lavers
	 	 	
              Name:

            	 Jeffrey Lavers
	 	 	
              Title:

            	Attorney-in-fact
	 	 	 	 
	 	3M CANADA COMPANY - COMPAGNIE

              
	 	 	 	 
	 	
              By:

            	/s/ Jeffrey Lavers
	 	 	
              Name:

            	 Jeffrey Lavers
	 	 	
              Title:

            	Attorney-in-fact

      

      

      

      

      [Signature Page to Master Real Estate License Agreement]

    

     

    

    
      
        

    

    
      
        

        

        	 	3M MEXICO SOCIEDAD ANONIMA DE CAPITAL VARIABLE

              
	 	 	 	 
	 	
                By:

              	/s/ Jeffrey Lavers

              
	 	 	
                Name:

              	Jeffrey Lavers

              
	 	 	
                Title:

              	Attorney-in-fact 
	 	 	 	 
	 	3M PHILLIPINES INC.

                
	 	 	 	 
	 	
                By:

              	/s/ Jeffrey Lavers
	 	 	
                Name:

              	 Jeffrey Lavers
	 	 	
                Title:

              	Attorney-in-fact

              
	 	 	 	 
	 	3M CHILE S.A.

                
	 	 	 	 
	 	
                By:

              	/s/ Jeffrey Lavers
	 	 	
                Name:

              	 Jeffrey Lavers
	 	 	
                Title:

              	Attorney-in-fact
	 	 	 	 
	 	3M WROCLAW SPOLKA Z.O.O.

                
	 	 	 	 
	 	
                By:

              	/s/ Jeffrey Lavers
	 	 	
                Name:

              	 Jeffrey Lavers
	 	 	
                Title:

              	Attorney-in-fact

        

        

        

        

        [Signature Page to Master Real Estate License Agreement]

      

    

     

    

    
      
        

    

     

      

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

     

    

    	 	
            LICENSEES:

          
	 	 	 	 
	 	NEOGEN BIO-SCIENTIFIC TECHNOLOGY (SHANGHAI) CO LTD.

          
	 	 	 	 
	 	
            By:

          	/s/ John E. Adent

          
	 	 	
            Name:

          	John E. Adent
	 	 	
            Title:

          	Authorized Signatory

          
	 	 	 	 
	 	NEOGEN FOOD AND ANIMAL SECURITY (INDIA) PVT, LTD.

            
	 	 	 	 
	 	
            By:

          	/s/ John E. Adent
	 	 	
            Name:

          	John E. Adent
	 	 	
            Title:

          	Director

          
	 	 	 	 
	 	NEOGEN JAPAN KABUSHIKI KAISHA

            
	 	 	 	 
	 	
            By:

          	/s/ Amy M. Rocklin

          
	 	 	
            Name:

          	Amy M. Rocklin

          
	 	 	
            Title:

          	Representative Director

          
	 	 	 	 
	 	NEOGEN KOREA LIMITED

            
	 	 	 	 
	 	
            By:

          	/s/ John E. Adent
	 	 	
            Name:

          	John E. Adent
	 	 	
            Title:

          	Representative Director

          

    

    

    

    

    [Signature Page to Master Real Estate License Agreement]

     

    

    
      
        

    

    
       

      

      
        	

              	NEOGEN POLAND SP. ZOO

              
	 	 	 	 
	 	
                By:

              	/s/ John E. Adent 
	 	 	
                Name:

              	John E. Adent
	 	 	
                Title:

              	Management Board Member

              
	 	 	 	 
	 	NEOGEN AUSTRALASIA PTY LTD.

                
	 	 	 	 
	 	
                By:

              	/s/ John E. Adent 
	 	 	
                Name:

              	John E. Adent
	 	 	
                Title:

              	Director

              
	 	 	 	 
	 	By:

              	/s/ Jason Lily

              
	 	 	Name:

              	Jason Lily
	 	 	Title:

              	Director

              
	 	 	 	 
	 	THAI-NEO BIIOTECH CO., LTD

                
	 	 	 	 
	 	
                By:

              	/s/ Jason Lily

              
	 	 	
                Name:

              	Jason Lily

              
	 	 	
                Title:

              	Authorized Director

              
	 	 	 	 
	 	NEOGEN IRELAND LIMITED

                
	 	 	 	 
	 	
                By:

              	/s/ John E. Adent
	 	 	
                Name:

              	John E. Adent
	 	 	
                Title:

              	Director

              
	  

              	 	 	 
	 	By:

              	/s/ Jason Lily

              
	 	 	Name:

              	Jason Lily

              
	 	 	Title:

              	Director

              

        

        

        

        

        [Signature Page to Master Real Estate License Agreement]

         

        

      

      
        
          

      

       

      

      	

            	NEOGEN CHILE SPA

            
	 	 	 	 
	 	
              By:

            	/s/ Andres Penez 
	 	 	
              Name:

            	Andres Penez
	 	 	
              Title:

            	External Legal Consultant

            
	 	 	 	 
	 	NEOGEN COLOMBIA S.A.S.

              
	 	 	 	 
	 	
              By:

            	/s/ Pierre Belhadj

            
	 	 	
              Name:

            	Pierre Belhadj
	 	 	
              Title:

            	Director

            
	 	 	 	 
	 	NEOGEN ARGENTINA, S.A.
	 	 	 	 
	 	
              By:

            	/s/ Brian Franklin

            
	 	 	
              Name:

            	Brian Franklin
	 	 	
              Title:

            	President

            
	 	 	 	 
	 	NEOGEN LATINOAMERICA S.A.P.I. DE C.V.

              
	 	 	 	 
	 	
              By:

            	/s/ Pierre Belhadj
	 	 	
              Name:

            	Pierre Belhadj
	 	 	
              Title:

            	Legal Representative

            
	 	 	 	 
	 	GARDEN SPINCO CORPORATION

              
	  

            	 	 	 
	 	By:

            	/s/ Jerry T. Will  

            
	 	 	Name:

            	Jerry T. Will

            
	 	 	Title:

            	Vice President

            

      

      

      

      

      [Signature Page to Master Real Estate License Agreement]

    

    

    

    
      
        

    

    
       

      

      	

            	GARDEN UK SPINCO LIMITED

            
	 	 	 	 
	 	
              By:

            	/s/ Jerry T. Will 

            
	 	 	
              Name:

            	Jerry T. Will 

            
	 	 	
              Title:

            	Director

            
	 	 	 	 
	 	GARDEN BRASIL LTDA

              
	 	 	 	 
	 	
              By:

            	/s/ Jerry T. Will 

            
	 	 	
              Name:

            	Jerry T. Will 

            
	 	 	
              Title:

            	Attorney-in-fact

            

    

    

    

    

    

    
      [Signature Page to Master Real Estate License Agreement]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00348-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00348-of-00352.parquet"}]]