Document:

EX-10.2

 Exhibit 10.2 

TAX MATTERS AGREEMENT 
 by and
between 
 GENERAL ELECTRIC COMPANY 

and 
 GE HEALTHCARE TECHNOLOGIES
INC. 
 Dated as of [•], 202[•] 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE I – DEFINITIONS
	  	 	2	 
			
	 1.1
	 	General	  	 	2	 
		
	 ARTICLE II – PAYMENTS AND TAX REFUNDS
	  	 	11	 
			
	 2.1
	 	Responsibility for SpinCo Group Taxes and Certain Parent Group Taxes	  	 	11	 
			
	 2.2
	 	Transaction Taxes	  	 	11	 
			
	 2.3
	 	Allocation of Taxes	  	 	12	 
			
	 2.4
	 	Allocation of Employment Taxes	  	 	13	 
			
	 2.5
	 	Tax Refunds	  	 	13	 
			
	 2.6
	 	Tax Benefits	  	 	13	 
			
	 2.7
	 	Determination of Taxes, Tax Refunds and Tax Benefits	  	 	13	 
			
	 2.8
	 	Prior Agreements	  	 	14	 
		
	 ARTICLE III – PREPARATION AND FILING OF TAX RETURNS
	  	 	14	 
			
	 3.1
	 	Joint Returns	  	 	14	 
			
	 3.2
	 	Separate Returns	  	 	14	 
			
	 3.3
	 	Right to Review Tax Returns	  	 	14	 
			
	 3.4
	 	Cooperation	  	 	15	 
			
	 3.5
	 	Tax Reporting Practices	  	 	15	 
			
	 3.6
	 	Reporting of Separation	  	 	16	 
			
	 3.7
	 	Payment of Taxes	  	 	16	 
			
	 3.8
	 	Amended Returns and Carrybacks	  	 	17	 
			
	 3.9
	 	Tax Attributes	  	 	17	 
			
	 3.10
	 	Gain Recognition Agreements	  	 	17	 
		
	 ARTICLE IV – INTENDED TAX TREATMENT OF THE DISTRIBUTION
	  	 	18	 
			
	 4.1
	 	Representations and Warranties	  	 	18	 
			
	 4.2
	 	Restrictions Relating to the Distribution	  	 	18	 
			
	 4.3
	 	Additional Procedures Regarding Post-Distribution Rulings and Unqualified Tax Opinions	  	 	21	 

  
 i 

							
		
	 ARTICLE V – INDEMNITY OBLIGATIONS
	  	 	22	 
			
	 5.1
	 	Indemnity Obligations	  	 	22	 
			
	 5.2
	 	Indemnification Payments	  	 	23	 
			
	 5.3
	 	Payment Mechanics	  	 	23	 
			
	 5.4
	 	Treatment of Payments	  	 	24	 
		
	 ARTICLE VI – TAX CONTESTS
	  	 	24	 
			
	 6.1
	 	Notice	  	 	24	 
			
	 6.2
	 	Separate Returns	  	 	24	 
			
	 6.3
	 	Joint Return	  	 	24	 
			
	 6.4
	 	Transaction Related Tax Contests	  	 	25	 
			
	 6.5
	 	Obligation of Continued Notice	  	 	25	 
			
	 6.6
	 	Tax Contest Rights	  	 	26	 
			
	 6.7
	 	Costs and Expenses	  	 	26	 
		
	 ARTICLE VII – COOPERATION
	  	 	26	 
			
	 7.1
	 	General	  	 	26	 
			
	 7.2
	 	Return Information	  	 	27	 
		
	 ARTICLE VIII – RETENTION OF RECORDS; ACCESS
	  	 	27	 
			
	 8.1
	 	Retention of Records	  	 	27	 
			
	 8.2
	 	Access to Tax Records	  	 	28	 
		
	 ARTICLE IX – DISPUTE RESOLUTION
	  	 	28	 
			
	 9.1
	 	Tax Disputes	  	 	28	 
			
	 9.2
	 	Legal Disputes	  	 	29	 
			
	 9.3
	 	Injunctive Relief	  	 	29	 
			
	 9.4
	 	Specific Performance	  	 	29	 
			
	 9.5
	 	Venue for Injunctive Relief and Specific Performance Claims by Parent	  	 	30	 
		
	 ARTICLE X – MISCELLANEOUS PROVISIONS
	  	 	30	 
			
	 10.1
	 	Conflicting Agreements	  	 	30	 
			
	 10.2
	 	Specified Matters	  	 	30	 
			
	 10.3
	 	Interest on Late Payments	  	 	30	 
			
	 10.4
	 	Counterparts	  	 	30	 
			
	 10.5
	 	Successors	  	 	31	 
			
	 10.6
	 	Application to Present and Future Subsidiaries	  	 	31	 
			
	 10.7
	 	Governing Law	  	 	31	 

  
 ii 

							
			
	 10.8
	 	Assignability	  	 	31	 
			
	 10.9
	 	Further Assurances	  	 	31	 
			
	 10.10
	 	Survival	  	 	31	 
			
	 10.11
	 	Severability	  	 	32	 
			
	 10.12
	 	Amendments	  	 	32	 
			
	 10.13
	 	Headings	  	 	32	 
			
	 10.14
	 	Waivers of Default	  	 	32	 
			
	 10.15
	 	Continuity of Service and Performance	  	 	32	 
			
	 10.16
	 	Notices	  	 	32	 
			
	 10.17
	 	Interpretation	  	 	33	 
			
	 10.18
	 	Distribution Date	  	 	34	 

  
 iii 

 Schedules: 
  

					
	Schedule A	  	-	  	Specified Matters
			
	Schedule B	  	-	  	Identified Transactions

  
 iv 

 TAX MATTERS AGREEMENT 

This TAX MATTERS AGREEMENT (including the schedules hereto, this “Agreement”), is entered into as of
[•], 202[•] between General Electric Company, a New York corporation (“Parent”), and GE HealthCare Technologies Inc., a Delaware corporation (“SpinCo” and, together with Parent, the
“Parties”). 
 R E C I T A L S 

WHEREAS, the board of directors of Parent has determined that it is appropriate, desirable and in the best interests of Parent and its
stockholders to separate the Parent Business from the SpinCo Business in the manner described in the Separation and Distribution Agreement, dated as of [•], 202[•], between the Parties (such agreement, the “Separation
Agreement” and such separation the “Separation”) and, following the Separation, to undertake the Distribution; 

WHEREAS, SpinCo has been incorporated for these purposes and has not engaged in activities except those incidental to its formation and in
preparation for the Distribution; 
 WHEREAS, Parent has effected or will effect certain restructuring transactions for purposes of
aggregating the SpinCo Business in the Parent Group prior to the Distribution (collectively, the “Restructuring”) and in connection therewith, shall undertake the Contribution pursuant to which, SpinCo shall (i) issue to Parent
shares of SpinCo Common Stock and the SpinCo Securities and (ii) pay to Parent the SpinCo Debt Proceeds Distribution; 
 WHEREAS,
following the Distribution, Parent may retain up to 19.9% of the outstanding SpinCo Common Stock (the “Retained Stock”) and transfer all or a portion of such Retained Stock to Parent creditors in a Debt-for-Equity Exchange or, based on market and general economic conditions and sound business judgment (i) distribute such Retained Stock pro rata to its public common shareholders (a “Clean-Up Spin”), or pursuant to an exchange offer in redemption of public common shares (a “Clean-Up Split” and a
Clean-Up Split or a Clean-Up Spin, a “Subsequent Distribution”), or (ii) at any time following the Distribution Date sell the Retained Stock in one
or more public or private sales; 
 WHEREAS, Parent intends to effect the Spin-Off Transaction in a
transaction that is intended to qualify as tax-free for U.S. federal income tax purposes under Sections 368(a)(1)(D), 355 and 361(c) of the Code; 

WHEREAS, certain members of the Parent Group, on the one hand, and certain members of the SpinCo Group, on the other hand, file certain Tax
Returns on a consolidated, combined or unitary basis for certain federal, state, local and Non-U.S. Tax purposes; and 

WHEREAS, the Parties desire to (a) provide for the payment of Tax Liabilities and entitlement to refunds thereof, allocate responsibility
for, and cooperation in, the filing of Tax Returns, and provide for certain other matters relating to Taxes and (b) set forth certain covenants and indemnities relating to the preservation of the Intended Tax Treatment of the Transactions. 

  
 1 

 NOW, THEREFORE, in consideration of the mutual agreements, provisions and covenants
contained in this Agreement, the Parties, intending to be legally bound, hereby agree as follows: 
 ARTICLE I – DEFINITIONS

 1.1 General. For the purposes of this Agreement, the following terms shall have the following meanings: 

“Accounting Firm” shall have the meaning set forth in Section 9.1. 

“Active Business” shall mean any business relied on to satisfy (i) the active trade or business requirement of
Section 355(b) of the Code (taking into account Section 355(b)(3) of the Code) or (ii) the continuity of business enterprise requirements under Treasury Regulations Section 1.355-3 and
Treasury Regulations Section 1.368-1(d), to the extent identified as such in the Tax Materials. 

“Adjustment” shall mean an adjustment of any item of income, gain, loss, deduction, credit or any other item affecting Taxes
of a taxpayer pursuant to a Final Determination. 
 “Affiliate” shall have the meaning set forth in the Separation
Agreement. 
 “Agreement” shall have the meaning set forth in the preamble hereto. 

“Ancillary Agreements” shall have the meaning set forth in the Separation Agreement. 

“Capital Stock” shall mean classes or series of capital stock of a Person, including (i) common stock, (ii) all
options, warrants and other rights to acquire such capital stock and (iii) all instruments properly treated as stock in such Person for U.S. federal income tax purposes. 

“Chosen Court Claim” shall have the meaning set forth in Section 9.5. 

“Chosen Courts” shall have the meaning set forth in Section 9.5. 

“Clean-Up Spin” shall have the meaning set forth in the recitals hereto. 

“Clean-Up Split” shall have the meaning set forth in the recitals hereto. 

“Code” shall mean the U.S. Internal Revenue Code of 1986. 

“Controlling Party” shall mean, with respect to a Tax Contest, the Party entitled to control such Tax Contest pursuant to
Section 6.2, Section 6.3 or Section 6.4. 

“Contribution” shall have the meaning set forth in the Separation Agreement. 

“Debt-for-Debt Exchange” shall have the
meaning set forth in the definition of Intended Tax Treatment herein. 

  
 2 

“Debt-for-Equity Exchange” shall have the
meaning set forth in the definition of Intended Tax Treatment herein. 
 “Delayed Asset” shall have the meaning set forth
in the Separation Agreement. 
 “Dispute” shall have the meaning set forth in Section 9.2. 

“Distribution” shall have the meaning set forth in the Separation Agreement. 

“Distribution Date” shall have the meaning set forth in the Separation Agreement. 

“Distribution Taxes” shall mean any Taxes incurred solely as a result of the failure of any of the Transactions to qualify
for the Intended Tax Treatment of such Transaction. 
 “Due Date” shall mean (a) with respect to a Tax Return, the
date (taking into account all valid extensions) on which such Tax Return is required to be filed under applicable Tax Law or, in the case of a Joint Return for a U.S. jurisdiction filed by Parent pursuant to Section 2.1(a),
such earlier date on which such Tax Return is filed as determined by Parent in its sole and absolute discretion, and (b) with respect to a payment of Taxes, the date on which such payment is required to be made, which shall in any case be no
later than the payment date required to avoid the incurrence of interest, penalties and additions to Tax. 
 “EMA” shall
have the meaning set forth in the Separation Agreement. 
 “Final Determination” shall mean the final resolution of any Tax
Liability, which resolution may be for a specific issue or adjustment or for a Tax Period, (a) by IRS Form 870 or 870-AD (or any successor forms thereto), on the date of acceptance by or on behalf of the
taxpayer, or by a comparable form under the Laws of a state, local or non-U.S. taxing jurisdiction, except that a Form 870 or 870-AD or comparable form shall not
constitute a Final Determination to the extent that it reserves (whether by its terms or by operation of Law) the right of the taxpayer to file a claim for Refund or the right of the Taxing Authority to assert a further deficiency in respect of such
issue or adjustment or for such Tax Period (as the case may be); (b) by a decision, judgment, decree or other order by a court of competent jurisdiction, which has become final and unappealable; (c) by a closing agreement or accepted offer in
compromise under Section 7121 or Section 7122 of the Code, or a comparable agreement under the Laws of a state, local or non-U.S. taxing jurisdiction; (d) by any allowance of a Refund, but only
after the expiration of all periods during which such Refund may be recovered (including by way of offset) by the jurisdiction imposing such Tax; (e) by a final settlement resulting from a competent authority proceeding or determination; or
(f) by any other final disposition, including by reason of the expiration of the applicable statute of limitations or by mutual agreement of the parties. 

“Gain Recognition Agreement” shall mean any agreement to recognize gain that is described in Treasury Regulations Section 1.367(a)-8(i) which is entered into in connection with the Transactions and (ii) to which any member of the Parent Group or the SpinCo Group is a party. 

  
 3 

 “Group” shall mean either the Parent Group or the SpinCo Group, as the
context requires. 
 “Indemnifying Party” shall have the meaning set forth in Section 5.2. 

“Indemnitee” shall have the meaning set forth in Section 5.2. 

“Intended Tax Treatment” shall mean (x) the qualification of (i) the Contribution (and Parent’s receipt or
deemed receipt of the SpinCo Common Stock, the SpinCo Securities and SpinCo Debt Proceeds Distribution in connection therewith), the Distribution and any Subsequent Distributions, taken together, as a reorganization described in Sections
368(a)(1)(D) and 355(a) of the Code, with each of Parent and SpinCo being a party to the reorganization, in which no income or gain is recognized by Parent, SpinCo, the Parent Group, the SpinCo Group or the holders of Parent Common Stock pursuant to
Sections 355, 361 and 1032 of the Code, other than in respect of intercompany items or excess loss accounts taken into account pursuant to the Treasury Regulations promulgated pursuant to Section 1502 of the Code, (ii) the Distribution and
any Subsequent Distributions as transactions in which the stock distributed thereby is “qualified property” for purposes of Sections 355(c) and 361(c) of the Code (and neither Section 355(d) nor Section 355(e) of the Code causes
such stock to be treated as other than “qualified property” for such purposes), (iii) any transfer, following the Distribution, by Parent of SpinCo Securities to Parent creditors in satisfaction of certain Parent obligations (any such
transfer, a “Debt-for-Debt Exchange”) as a transfer of “qualified property” to creditors of Parent in connection with the reorganization
within the meaning of Section 361(c) of the Code and (iv) any transfer, following the Distribution, by Parent of Retained Stock to Parent creditors in satisfaction of certain Parent obligations (any such transfer, a “Debt-for-Equity Exchange”) as a transfer of “qualified property” to creditors of Parent in connection with the reorganization within the meaning of
Section 361(c) of the Code and (y) the qualification of each of the Transactions undertaken pursuant to the Restructuring identified on Schedule B for the tax treatment specified for such Transaction therein under applicable Tax Law. The
term “Intended Tax Treatment” will, as applicable, also include the qualification of each transaction described in clauses (x) and (y) above under comparable provisions of state or local Tax Law, or, in the case of clause (y), Non-U.S. Tax Law. 
 “IRS” shall mean the United States Internal Revenue Service or any
successor thereto, including its agents, representatives, and attorneys. 
 “IRS Ruling” shall mean any U.S. federal income
tax ruling and any supplements thereto issued to Parent by the IRS in connection with the Transactions. 
 “IRS Ruling
Request” shall mean the letter filed by Parent with the IRS requesting a ruling regarding certain tax consequences of the Transactions and any amendment or supplement to such ruling request letter. 

“Joint Return” shall mean any Tax Return that includes, by election or otherwise, one or more members of the Parent Group
together with one or members of the SpinCo Group. 
 “Law” shall have the meaning set forth in the Separation Agreement.

  
 4 

 “Negotiation Period” shall have the meaning set forth in
Section 9.1. 
 “Non-Controlling Party” shall mean, with
respect to a Tax Contest, the Party that is not entitled to (or elects not to) control such Tax Contest pursuant to Section 6.2, Section 6.3 or Section 6.4. 

“Non-U.S. Tax” shall mean any Tax imposed by any
non-U.S. country or any possession of the United States, or by any political subdivision of any non-U.S. country or possession of the United States. 

“Notified Action” shall have the meaning set forth in Section 4.3(a). 

“Parent” shall have the meaning set forth in the preamble hereto. 

“Parent Business” shall have the meaning set forth in the Separation Agreement. 

“Parent Common Stock” shall have the meaning set forth in the Separation Agreement. 

“Parent Group” shall have the meaning set forth in the Separation Agreement. 

“Parent Separate Return” shall mean any Tax Return of or including any member of the Parent Group (including any
consolidated, combined, or unitary return) that does not include any member of the SpinCo Group. 
 “Parties” shall have
the meaning set forth in the preamble hereto. 
 “Past Practices” shall have the meaning set forth in
Section 3.5. 
 “Person” shall have the meaning set forth in the Separation Agreement. 

“Post-Distribution Period” shall mean any Tax Period (or portion thereof) beginning after the Distribution Date, including,
for the avoidance of doubt, the portion of any Straddle Period with respect to the Distribution Date beginning after the Distribution Date. 

“Post-Distribution Ruling” shall have the meaning set forth in Section 4.2(c). 

“Pre-Distribution Period” shall mean any Tax Period (or portion thereof) ending on or
before the Distribution Date, including, for the avoidance of doubt, the portion of any Straddle Period with respect to the Distribution Date ending at the end of the day on the Distribution Date. 

“Preparing Party” shall have the meaning set forth in Section 3.3. 

“Privilege” shall mean any privilege that may be asserted under applicable Law, including any privilege arising under or
relating to the attorney-client relationship (including the attorney-client and work product privileges), the accountant-client privilege and any privilege relating to internal evaluation processes. 

  
 5 

 “Prohibited Acts” shall mean any act or failure to act by SpinCo described
in Section 4.2(a) or Section 4.2(b) (regardless of whether the conditions set forth in Section 4.2(c) are satisfied). 

“Proposed Acquisition Transaction” shall mean a transaction or series of transactions (or any agreement, understanding or
arrangement within the meaning of Section 355(e) of the Code and Treasury Regulations Section 1.355-7, or any other regulations promulgated thereunder, to enter into a transaction or series of
transactions), whether such transaction is supported by SpinCo management or shareholders, is a hostile acquisition, or otherwise, as a result of which SpinCo (or any successor thereto) would merge or consolidate with any other Person or as a result
of which one or more Persons would (directly or indirectly) acquire, or have the right to acquire, from SpinCo (or any successor thereto) and/or one or more holders of SpinCo Capital Stock, respectively, any amount of stock of SpinCo, that would,
when combined with any other direct or indirect changes in ownership of the stock of SpinCo pertinent for purposes of Section 355(e) of the Code and the Treasury Regulations promulgated thereunder, comprise forty percent (40%) or more of
(i) the value of all outstanding shares of SpinCo as of the date of such transaction, or in the case of a series of transactions, the date of the last transaction of such series, or (ii) the total combined voting power of all outstanding
shares of voting stock of SpinCo as of the date of such transaction, or in the case of a series of transactions, the date of the last transaction of such series. Notwithstanding the foregoing, a Proposed Acquisition Transaction shall not include
(i) the adoption by SpinCo of a customary shareholder rights plan or (ii) issuances by SpinCo that satisfy Safe Harbor VIII (relating to acquisitions in connection with a person’s performance of services) or Safe Harbor IX (relating
to acquisitions by a retirement plan of an employer) of Treasury Regulations Section 1.355-7(d). For purposes of determining whether a transaction constitutes an indirect acquisition, any recapitalization
resulting in a shift of voting power or any redemption of shares of stock shall be treated as an indirect acquisition of shares of stock by the non-exchanging shareholders. This definition and the application
thereof are intended to monitor compliance with Section 355(e) of the Code and the Treasury Regulations promulgated thereunder and shall be interpreted and applied accordingly. Any clarification of, or change in, the statute or regulations
promulgated under Section 355(e) of the Code shall be incorporated in this definition and its interpretation. 

“Refund” shall mean any refund, reimbursement, offset, credit or other similar benefit in respect of Taxes (including any
overpayment of Taxes that can be refunded or, alternatively, applied against other Taxes payable), including any interest paid on or with respect to such refund of Taxes; provided, however, that the amount of any refund of Taxes shall
be net of any costs and expenses (including Taxes imposed by any Taxing Authority) related to, or attributable to, the receipt of or accrual of such refund (including any Taxes imposed by way of withholding or offset). 

“Representation Letters” shall mean the representation letters of officers of Parent and/or SpinCo provided to any law or
accounting firm in connection with any Tax Opinion issued in connection with the Transactions. 
 “Responsible Party” shall
mean, with respect to any Tax Return, the Party having responsibility for preparing and filing such Tax Return pursuant to this Agreement. 

  
 6 

 “Restricted Period” shall mean the period beginning on the Distribution
Date and ending on the two (2)-year anniversary of the day after the Distribution Date. 
 “Restructuring” shall have the
meaning set forth in the recitals hereto. 
 “Retained Stock” shall have the meaning set forth in the recitals hereto. 

“Reviewing Party” shall have the meaning set forth in Section 3.3. 

“Section 4.2(b)(v) Acquisition Transaction” shall have the meaning set forth in
Section 4.2(b)(v). 
 “Separate Return” shall mean a Parent Separate Return or a SpinCo Separate
Return, as the case may be. 
 “Separation” shall have the meaning set forth in the recitals hereto. 

“Separation Agreement” shall have the meaning set forth in the recitals hereto. 

“Spin-Off Transaction” shall mean the Contribution, the Distribution, the deployment
by Parent of the proceeds of the SpinCo Debt Proceeds Distributions, any Subsequent Distributions, any Debt-for-Debt Exchange and any Debt-for-Equity Exchange, taken together. 
 “SpinCo” shall have the meaning set
forth in the preamble hereto. 
 “SpinCo Business” shall have the meaning set forth in the Separation Agreement. 

“SpinCo Capital Stock” means the Capital Stock of SpinCo, including the SpinCo Common Stock. 

“SpinCo Common Stock” shall have the meaning set forth in the Separation Agreement. 

“SpinCo Debt Proceeds Distribution” shall have the meaning set forth in the Separation Agreement. 

“SpinCo Disqualifying Action” shall mean (a) any action (or the failure to take any action) by any member of the SpinCo
Group after the Distribution (including entering into any agreement, understanding or arrangement or any negotiations with respect to any transaction or series of transactions), (b) any event (or series of events) after the Distribution involving
the SpinCo Capital Stock or any stock or assets of any member of the SpinCo Group or (c) any breach by any member of the SpinCo Group after the Distribution of any representation, warranty or covenant made by them in this Agreement, that, in
each case, would adversely affect, jeopardize or prevent the Intended Tax Treatment; provided, however, that the term “SpinCo Disqualifying Action” shall not include any action required by the Separation Agreement or any
Ancillary Agreement (other than this Agreement) or that is undertaken pursuant to the Separation or the Distribution. 

  
 7 

 “SpinCo Group” shall have the meaning set forth in the Separation
Agreement. 
 “SpinCo Securities” shall have the meaning set forth in the Separation Agreement. 

“SpinCo Separate Return” shall mean any Tax Return of or including any member of the SpinCo Group (including any
consolidated, combined, or unitary return) that does not include any member of the Parent Group. 
 “State Tax” shall mean
any Tax imposed by any State of the United States or by any political subdivision of any such State. 
 “Straddle Period”
shall mean any Tax Period beginning on or before the Distribution Date and ending after the Distribution Date. 
 “Subsequent
Distribution” shall have the meaning set forth in the recitals hereto. 
 “Subsidiary” shall have the meaning set
forth in the Separation Agreement. 
 “Tax” or “Taxes” shall mean (i) all taxes, charges, fees,
duties, levies, imposts, rates or other assessments or charges of any kind imposed by any Taxing Authority, including income, gross income, gross receipts, profits, employment, estimated, excise, severance, stamp, occupation, premium, windfall
profits, environmental, custom duties, property, sales, use, license, lease, capital stock, transfer, import, export, franchise, registration, payroll, withholding, social security, workers’ compensation, unemployment, disability, ad valorem,
service, value-added, alternative or add-on minimum, estimated, unclaimed property or escheat, or other taxes, whether disputed or not, and including any fee, assessment, duty, or other charge in the nature of
or in lieu of any tax, and including any interest, penalties, charges or additions to tax or additional amounts in respect of the foregoing, (ii) liability for the payment of any amount of the type described in clause (i) above arising as
a result of being (or having been) a member of any consolidated, combined, unitary or similar group or being (or having been) included or required to be included in any Tax Return related thereto and (iii) liability for the payment of any
amount of the type described in clause (i) or (ii) above as a result of any express or implied obligation to indemnify or otherwise assume or succeed to the liability of any other Person. For the avoidance of doubt, Tax includes any increase in
Tax as a result of a Final Determination. 
 “Tax Advisor” shall mean a U.S. Tax counsel or other Tax advisor of recognized
national standing acceptable to Parent, in its sole and absolute discretion. 
 “Tax Advisor Dispute” shall have the
meaning set forth in Section 9.1. 
 “Tax Advisor Dispute Notice” shall have the meaning set
forth in Section 9.1. 
 “Tax Attribute” shall mean net operating losses, capital losses,
research and experimentation credit carryovers, investment tax credit carryovers, earnings and profits, foreign tax credit carryovers, overall foreign losses, overall domestic losses, previously taxed earnings and profits, separate limitation losses
and any other losses, deductions, credits or other comparable items that could affect a Tax Liability for a past, current or future Tax Period, other than the basis or adjusted basis of any property or any depreciation, amortization or other
deductions or offsets attributable thereto. 

  
 8 

 “Tax Benefit” shall mean any reduction in Taxes paid or payable actually
realized by a Person as a result of any loss, deduction, Refund, credit, offset or other Tax Item. 
 “Tax Contest” shall
have the meaning set forth in Section 6.1. 
 “Tax Item” shall mean any item of income, gain,
loss, deduction, or credit. 
 “Tax Law” shall mean the law of any Taxing Authority or political subdivision thereof
relating to any Tax. 
 “Tax Liability” shall mean any liability or obligation for Taxes. 

“Tax Materials” shall have the meaning set forth in Section 4.1(a). 

“Tax Matter” shall have the meaning set forth in Section 7.1(a). 

“Tax Opinion” shall mean any written opinion or memorandum of any law or accounting firm, regarding certain tax consequences
of certain transactions executed as part of the Transactions. 
 “Tax Period” shall mean, with respect to any Tax, the
period for which the Tax is reported or required to be reported as provided under the Code or other applicable Tax Law. 
 “Tax
Records” shall have the meaning set forth in Section 8.1. 
 “Tax Related Costs and
Expenses” shall mean, with respect to Taxes, all accounting, legal and other professional fees, and court costs incurred in connection with such Taxes, as well as any other
out-of-pocket costs incurred in connection with such Taxes. 

“Tax Related Losses” shall mean (i) Tax Related Costs and Expenses and (ii) with respect to Taxes, all costs,
expenses and damages associated with stockholder litigation or controversies and any amount paid by Parent (or any of its Affiliates) or SpinCo (or any of its Affiliates) in respect of the liability of shareholders, whether paid to shareholders or
to the IRS or any other Taxing Authority, in each case, resulting from the failure of any of the Transactions to qualify for the Intended Tax Treatment or the defense against any challenge by the IRS or any other Taxing Authority to the Intended Tax
Treatment of any Transaction, even if such Transaction ultimately is determined to so qualify. 
 “Tax Return” shall mean
any return, report, certificate, form or similar statement or document (including any related supporting information or schedule attached thereto and any information return, amended tax return, claim for refund or other adjustment or declaration of
estimated tax) supplied to or filed with, or required to be supplied to or filed with, a Taxing Authority, or any bill for or notice related to ad valorem or other similar Taxes received from a Taxing Authority, in each case, in connection with the
determination, assessment or collection of any Tax or the administration of any laws, regulations or administrative requirements relating to any Tax. 

  
 9 

 “Taxing Authority” shall mean any governmental authority or any
subdivision, agency, commission or entity thereof or any quasi-governmental or private body having jurisdiction over the assessment, determination, collection or imposition of any Tax (including the IRS). 

“Transaction Related Tax Contest” shall mean any Tax Contest in which the IRS, another Taxing Authority or any other party
asserts a position that could reasonably be expected to (a) adversely affect, jeopardize or prevent (i) the Intended Tax Treatment of the Spin-Off Transaction or (ii) the Intended Tax Treatment
of any other Transaction as set forth in a Tax Opinion or an IRS Ruling (or, if not set forth in a Tax Opinion or an IRS Ruling, as set forth in Schedule B) or (b) otherwise affect the amount of Taxes imposed with respect to any of the
Transactions, as determined in each case by Parent, in its sole and absolute discretion. 
 “Transaction Taxes” shall mean
all Taxes (including Taxes imposed on any member of the Parent Group under Sections 951 or 951A of the Code) imposed on or with respect to the Transactions other than any Taxes resulting from the failure of any of the Transactions to qualify for the
Intended Tax Treatment, as determined by Parent in its sole and absolute discretion. 
 “Transactions” shall mean the
Separation (including the Restructuring and the Contribution), the Distribution, any Subsequent Distribution, any Debt-for-Debt Exchange, any Debt-for-Equity Exchange and any related transactions. 

“Treasury Regulations” shall mean the regulations promulgated from time to time under the Code as in effect for the relevant
Tax Period. 
 “Unqualified Tax Opinion” shall mean an unqualified “will” opinion of a Tax Advisor, and on which
Parent may rely, to the effect that a transaction will not affect the Intended Tax Treatment or otherwise cause any Transaction to fail to qualify for the Intended Tax Treatment; provided, that, any tax opinion obtained in connection
with a proposed acquisition of SpinCo Capital Stock entered into during the Restricted Period shall not qualify as an Unqualified Tax Opinion unless such tax opinion concludes that such proposed acquisition will not be treated as “part of a
plan (or series of related transactions),” within the meaning of Section 355(e) of the Code and the Treasury Regulations promulgated thereunder, that includes the Distribution; provided, further, that any such opinion must
assume that the Contribution and the Distribution, taken together, would have qualified for the Intended Tax Treatment if the transaction in question did not occur. 

  
 10 

 ARTICLE II – PAYMENTS AND TAX REFUNDS 

2.1 Responsibility for SpinCo Group Taxes and Certain Parent Group Taxes. Except as otherwise expressly provided in this
Agreement (including Schedule A): 
 (a) Parent shall be responsible for all Taxes (i) of the SpinCo Group for any Pre-Distribution Period shown on any Joint Return for a U.S. jurisdiction, provided, that, in the case of any Straddle Period Parent shall be responsible for such Taxes only to the extent allocated to
Parent pursuant to Section 2.3; (ii) of any non-U.S. member of the SpinCo Group for any Pre-Distribution Period shown on any Joint Return or
SpinCo Separate Return (in each case, other than a non-income Tax Return) for a non-U.S. jurisdiction to the extent such Taxes are not attributable to the SpinCo
Business; (iii) of the SpinCo Group for any Pre-Distribution Period shown on any non-income Tax Return to the extent attributable to the Parent Business;
(iv) imposed under Treasury Regulations Section 1.1502-6 or under any comparable or similar provision of state, local or non-U.S. Law on any member of the
SpinCo Group solely as a result of such company being a member of a consolidated, combined, affiliated or unitary group with, or as a successor to, any member of the Parent Group during any Tax Period; or (v) imposed on any member of the SpinCo
Group for any Pre-Distribution Period as a result of any express or implied obligation to indemnify any other Person, or any successor or transferee liability, except, in the case of clauses (iv) and (v),
to the extent such Taxes are otherwise not the responsibility of Parent pursuant to clauses (i) through (iii) and, in the case of each of clauses (i) through (v), as determined by Parent in its sole and absolute discretion;
provided, that, solely for purposes of this Section 2.1(a), “SpinCo Group” shall not include any Person that becomes a Subsidiary of SpinCo after the Distribution, unless such Subsidiary is a Delayed
Asset. 
 (b) SpinCo shall be responsible for all Taxes of the SpinCo Group which are not the responsibility of Parent pursuant to
Section 2.1(a) (including Taxes (i) of any member of the SpinCo Group for Post-Distribution Periods, (ii) of the SpinCo Group for any Pre-Distribution Period shown on any Joint Return or SpinCo Separate Return (in
each case, other than a non-income Tax Return) for a non-U.S. jurisdiction except to the extent attributable to the Parent Business, and (iii) of the SpinCo Group
for any pre-Distribution Period shown on any non-income Tax Return except to the extent attributable to the Parent Business), as determined by Parent in its sole and
absolute discretion. 
 (c) SpinCo shall be responsible for all Taxes (i) of the Parent Group for any
Pre-Distribution Period shown on any Joint Return or Parent Separate Return (in each case, other than a non-income Tax Return) for a
non-U.S. jurisdiction to the extent such Taxes are attributable to the SpinCo Business, (ii) of the Parent Group for any Pre-Distribution Period shown on any non-income Tax Return to the extent attributable to the SpinCo Business, (iii) of the Parent Group for any Post-Distribution Period to the extent attributable to income that accrued but was not recognized
during the Pre-Distribution Period and for which SpinCo would otherwise have been responsible under this Section 2.1 had such income been recognized in the Pre-Distribution Period, and (iv) set forth in paragraph 8.a on Schedule A, in each case, as determined by Parent in its sole and absolute discretion. 

2.2 Transaction Taxes. Notwithstanding anything to the contrary in Section 2.1, and except as otherwise
provided herein (including Schedule A), Parent shall pay and be responsible for any Transaction Taxes. 

  
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 2.3 Allocation of Taxes. 

(a) If any member of a Group is permitted but not required under applicable U.S. federal, state, local or
Non-U.S. Tax Law to treat the Distribution Date as the last day of a Tax Period with respect to any member of the SpinCo Group, then the Parties and their Affiliates shall treat such day as the last day of the
applicable Tax Period under such applicable Law, and shall file any elections necessary or appropriate for such treatment; provided, that, for the avoidance of doubt, this Section 2.3 shall not be construed to
require Parent to change its taxable year or treat the Distribution Date as the last day of a Tax Period of any member of the Parent Group. 

(b) Any transactions occurring, or actions taken, on the Distribution Date but after the Distribution outside the ordinary course of business
by, or with respect to, any member of the SpinCo Group shall be deemed subject to the “next day rule” of Treasury Regulations Section 1.1502-76(b)(1)(ii)(B) (and under any comparable or similar
provision under state, local or non-U.S. Laws or regulations; provided, that, if there is no comparable or similar provision under state, local or non-U.S.
Laws or regulations, then the transaction will be deemed subject to the “next day rule” of Treasury Regulations Section 1.1502-76(b)(1)(ii)(B)) and as such shall for purposes of this Agreement
be treated (and consistently reported by the Parties and their Affiliates) as occurring in a Post-Distribution Period of the SpinCo Group, as appropriate. 

(c) Any Taxes for a Straddle Period with respect to the SpinCo Group (or entities in which any member of the SpinCo Group has an ownership
interest) shall, for purposes of this Agreement, be allocated between the portion of the period ending on and including the Distribution Date and the portion of the period beginning after the Distribution Date by means of a closing of the books and
records of the SpinCo Group as of the close of business on the Distribution Date; provided, that, (i) Parent may elect to allocate Tax Items (other than any extraordinary Tax Items) ratably in the month in which the Distribution
occurs (and if Parent so elects, SpinCo shall so elect) as described in Treasury Regulations Section 1.1502-76(b)(2)(iii) and corresponding provisions of state, local, and
non-U.S. Law; (ii) whenever it is necessary to determine the liability for Taxes of a United States shareholder (within the meaning of Section 951(b) of the Code) of a controlled foreign corporation
(within the meaning of Section 957 of the Code) attributable to amounts included in the income of such United States shareholder under Sections 951 or 951A of the Code for the taxable year or period of such controlled foreign corporation
that begins on or before and ends after the Distribution Date, the determination of liability for any such Taxes shall be made by assuming that the taxable year or period of the controlled foreign corporation consisted of two (2) taxable years
or periods, one which ended at the close of the Distribution Date and the other of which began at the beginning of the day following the Distribution Date and relevant items of income, gain, deduction, loss or credit of the controlled foreign
corporation shall be allocated between such two (2) taxable years or periods on a closing of the books basis by assuming that the books of the controlled foreign corporation were closed at the close of the Distribution Date; provided,
however, that Subpart F income (within the meaning of Section 952 of the Code) of the controlled foreign corporation shall be determined without regard to Section 952(c) of the Code; and (iii) subject to clauses (i) and
(ii), exemptions, allowances or deductions that are calculated on an annual basis, and not on a closing of the books method (including depreciation and amortization deductions) and, at Parent’s election, Taxes that are imposed on a periodic
basis or otherwise measured by the level of any item, shall be allocated between the period ending on and including the Distribution Date and the period beginning after the Distribution Date based on the number of days for the portion of the
Straddle Period ending on and including the Distribution Date, on the one hand, and the number of days for the portion of the Straddle Period beginning after the Distribution Date, on the other hand. The foregoing provisions in this
Section 2.3(c) shall be applied as determined by Parent in its sole and absolute discretion. 

  
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 2.4 Allocation of Employment Taxes. Liability for Taxes and any related Tax Benefits
related to any equity compensation awards shall be determined pursuant to the EMA. 
 2.5 Tax Refunds. 

(a) Parent shall be entitled to all Refunds attributable to Taxes the liability for which is allocated to Parent pursuant to this Agreement.
SpinCo shall be entitled to all Refunds attributable to Taxes the liability for which is allocated to SpinCo pursuant to this Agreement. For purposes of the foregoing, a Refund relating to a correlative adjustment as a result of a competent
authority proceeding shall be deemed to be attributable to the liability for Taxes that gave rise to the correlative adjustment. 
 (b)
SpinCo shall pay to Parent any Refund received by SpinCo or any member of the SpinCo Group that is allocable to Parent pursuant to this Section 2.5 no later than thirty (30) business days after the receipt of such
Refund. Parent shall pay to SpinCo any Refund received by Parent or any member of the Parent Group that is allocable to SpinCo pursuant to this Section 2.5 no later than thirty (30) business days after the receipt of
such Refund. For purposes of this Section 2.5, any Refund that arises as a result of an offset, credit, or other similar benefit in respect of Taxes other than a receipt of cash shall be deemed to be received on the earlier
of (i) the date on which a Tax Return is filed claiming such offset, credit, or other similar benefit and (ii) the date on which payment of the Tax which would have otherwise been paid absent such offset, credit, or other similar benefit
is due (as determined by Parent in its sole and absolute discretion without taking into account any applicable extensions). Notwithstanding anything in this Section 2.5(b) to the contrary, any Refund of less than $50,000
treated as received pursuant to this Section 2.5(b) by Parent or any member of the Parent Group, on the one hand, or SpinCo or any member of the SpinCo Group, on the other hand, and that is allocable to the other Party
pursuant to this Section 2.5, may be aggregated with other Refunds received in the same calendar quarter and paid over to the other Party within thirty (30) days after the end of such calendar quarter. 

2.6 Tax Benefits. If Parent determines, in its sole and absolute discretion, that: (i) one Party is responsible for a Tax pursuant
to this Agreement or under applicable Law and (ii) the other Party is entitled to a Tax Benefit relating to such Tax, then the Party entitled to such Tax Benefit shall pay to the Party responsible for such Tax the amount of the Tax Benefit, as
determined pursuant to Section 2.7. 
 2.7 Determination of Taxes, Tax Refunds and Tax Benefits. The amount
of any Taxes, any Refunds attributable to Taxes for which Parent or SpinCo, respectively, is responsible pursuant to this Agreement, or the amount of any Tax Benefit, in each case, attributable to one or more items of income, gain, loss, deduction
or credit (or equivalent items in the case of non-income Taxes) (the “relevant items”) shall be based on the increase or decrease in the amount of cash Taxes for which such Party is liable when
measured by including such relevant items in a computation of Tax compared to excluding such relevant items from the computation of Tax, in each case as determined by Parent in its sole and absolute discretion,

  
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which may include making simplifying assumptions concerning the computation of Tax, including that the relevant Party be deemed to recognize all other items of income, gain, loss, deduction or
credit (or equivalent items) before recognizing such relevant items; provided, that, if there is no increase or decrease in the amount of cash Taxes for which a Party is liable in the taxable period when first measured, the Parties
shall thereafter make payments to one another at the end of each subsequent taxable period to reflect any increase or decrease in the amount of cash Taxes recognized in such subsequent taxable period; provided, further, that
notwithstanding anything in this Section 2.7 to the contrary, Parent shall not be responsible for any non-U.S. Taxes of the SpinCo Group to the extent SpinCo has Tax Attributes
attributable to the Parent Business that are available to offset such Tax, as determined by Parent in its sole and absolute discretion. 

2.8 Prior Agreements. Except as set forth in this Agreement and in consideration of the mutual indemnities and other obligations of this
Agreement, any and all prior Tax sharing or allocation agreements or practices between any member of the Parent Group and any member of the SpinCo Group shall be terminated with respect to the SpinCo Group and the Parent Group as of the Distribution
Date and no member of either the SpinCo Group or the Parent Group shall have any continuing rights or obligations under any such agreement. 

ARTICLE III – PREPARATION AND FILING OF TAX RETURNS 

3.1 Joint Returns. The Party responsible for filing any Joint Return under applicable Law shall prepare and file when due (taking into
account any applicable extensions), or shall cause to be prepared and filed, all such Joint Returns, including any amendments to such Tax Returns. 

3.2 Separate Returns. Parent shall prepare and file when due (taking into account any applicable extensions), or shall cause to
be prepared and filed, all Parent Separate Returns, including any amendments to such Tax Returns, required to be filed by or with respect to members of the Parent Group, and SpinCo shall prepare and file when due (taking into account any applicable
extensions), or shall cause to be prepared and filed, all SpinCo Separate Returns, including any amendments to such Tax Returns, required to be filed by or with respect to members of the SpinCo Group. For the avoidance of doubt, the Preparing Party
shall prepare any transfer pricing documentation required to be prepared with respect to a Tax Return required to be prepared and filed by the Preparing Party under this Section 3.2 and the Reviewing Party shall be entitled
to review and comment on any such transfer pricing documentation in a manner consistent with Section 3.3. 
 3.3
Right to Review Tax Returns. To the extent that the positions taken on any Tax Return would reasonably be expected to materially adversely affect the Tax position of the Party other than the Party that is required to prepare and file any such
Tax Return pursuant to Section 3.1 or Section 3.2 (the “Reviewing Party”), or, in the case of Tax Returns required to be prepared and filed by SpinCo, to the extent Parent
otherwise requests in writing to review such Tax Returns at least thirty (30) days prior to the Due Date for such Tax Return, in the case of Tax Returns other than U.S. state or local Tax Returns, and, in the case of any such U.S. state or
local Tax Returns, at least ten (10) days prior to the Due Date thereof, the Party required to prepare and file such Tax Return (the “Preparing Party”) shall prepare the portions of such Tax

  
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Return that relates to the business of the Reviewing Party (the Parent Business or the SpinCo Business, as the case may be), shall provide a draft of such portion of such Tax Return to the
Reviewing Party for its review and comment at least thirty (30) days prior to the Due Date for such Tax Return, in the case of Tax Returns other than U.S. state or local Tax Returns, and, in the case of any such U.S. state or local Tax Returns,
at least ten (10) days prior to the Due Date thereof. In the case where SpinCo is the Preparing Party, SpinCo shall consider in good faith any comments received at least fourteen (14) days prior to the Due Date for such Tax Return, in the
case of Tax Returns other than U.S. state or local Tax Returns, and, in the case of any such U.S. state or local Tax Returns, at least five (5) days prior to the Due Date thereof, in each case with respect to items that would reasonably be
expected to materially adversely affect the Tax position of the Reviewing Party. In the case where Parent is the Preparing Party, Parent shall consider in its sole and absolute discretion, any comments received at least fourteen (14) days prior
to the Due Date for such Tax Return, in the case of Tax Returns other than U.S. state or local Tax Returns, and, in the case of any such U.S. state or local Tax Returns, at least five (5) days prior to the Due Date thereof, in each case with
respect to items that would reasonably be expected to materially adversely affect the Tax position of the Reviewing Party. 
 3.4
Cooperation. The Parties shall provide, and shall cause their Affiliates to provide, assistance and cooperation to one another in accordance with Article VII with respect to the preparation and filing of Tax Returns,
including providing information required to be provided under Article VIII. Notwithstanding anything to the contrary in this Agreement, Parent shall not be required to disclose to SpinCo any consolidated, combined, unitary
or other similar Joint Return of which a member of the Parent Group is the common parent or any information related to such a Joint Return other than information relating solely to the SpinCo Group; provided, that, Parent shall provide
such additional information that is reasonably required in order for SpinCo to determine the Taxes attributable to the SpinCo Business. If an amended Separate Return for State Taxes for which SpinCo is responsible under this
Article III is required to be filed as a result of an amendment made to a Joint Return for U.S. federal income taxes pursuant to an audit Adjustment, then the Parties shall cooperate to ensure that such amended Separate
Return can be prepared and filed in a manner that preserves confidential information including through the use of third party preparers. 

3.5 Tax Reporting Practices. Except as provided in Section 3.6, any Tax Return for any Pre-Distribution Period or Straddle Period, to the extent it relates to members of the SpinCo Group, shall be prepared in accordance with practices, accounting methods, elections, conventions, transfer pricing and
Tax positions used with respect to the Tax Return in question for periods prior to the Distribution (“Past Practices”), and, in the case of any item the treatment of which is not addressed by Past Practices, in accordance with
generally acceptable Tax accounting practices. Notwithstanding the foregoing, for any Tax Return described in the preceding sentence, (i) a Party will not be required to follow Past Practices with either the written consent of the other Party
(not to be unreasonably withheld, delayed or conditioned) or a “more likely than not” (or stronger) level opinion from a Tax Advisor that reporting in accordance with Past Practices is not correct and (ii) Parent shall, subject to
applicable Law, have the right to determine in its sole and absolute discretion which entities will be included in any consolidated, combined, affiliated or unitary Tax Return that it is responsible for filing. 

  
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 3.6 Reporting of Separation. 

(a) The Tax treatment of any step in or portion of the Transactions shall be reported on each applicable Tax Return consistently with the
Intended Tax Treatment, taking into account the jurisdiction in which such Tax Returns are filed. 
 (b) If Parent determines, in its sole
and absolute discretion, that a protective election under Section 336(e) of the Code shall be made with respect to the Distribution, SpinCo shall take any such action that is necessary to effect such election, including any corresponding
election with respect to any of its Subsidiaries, as determined by Parent in its sole and absolute discretion. If such a protective election is made, this Agreement shall be amended in such a manner as is determined by Parent in its sole and
absolute discretion to compensate Parent for any Tax Benefits realized by SpinCo as a result of such election. 
 3.7 Payment of
Taxes. 
 (a) With respect to any Tax Return required to be filed pursuant to this Agreement, the Responsible Party shall remit or cause
to be remitted to the applicable Taxing Authority in a timely manner any Taxes due in respect of any such Tax Return. 
 (b) In the case of
any Tax Return for which the Party that is not the Responsible Party is obligated pursuant to this Agreement to pay all or a portion of the Taxes reported as due on such Tax Return, the Responsible Party shall notify the other Party, in writing, of
its obligation to pay such Taxes and, in reasonably sufficient detail, its calculation of the amount due by such other Party and the Party receiving such notice shall pay such amount to the Responsible Party upon the later of thirty
(30) business days prior to the Due Date for such payment and thirty (30) business days after the receipt of such notice; provided, that, if any amount due to the Responsible Party cannot be calculated with accuracy prior to
the applicable Due Date, the Responsible Party’s notice shall set forth, and the Party that is not the Responsible Party shall pay, a reasonable estimate of such amount to the Responsible Party at such time, and shall pay any difference between
the amount finally determined to be the amount due and the estimated amount within thirty (30) business days of receipt of written notice from the Responsible Party setting forth in reasonably sufficient detail the calculation of such final
determination. 
 (c) With respect to any estimated Taxes, the Party that is or will be the Responsible Party with respect to any Tax Return
that will reflect (or otherwise give credit for) such estimated Taxes shall remit or cause to be remitted to the applicable Taxing Authority in a timely manner any estimated Taxes due. In the case of any estimated Taxes for which the Party that is
not the Responsible Party is obligated pursuant to this Agreement to pay all or a portion of the Taxes that will be reported as due on any Tax Return that will reflect (or otherwise give credit for) such estimated Taxes, the Responsible Party shall
notify the other Party, in writing, of its obligation to pay such estimated Taxes and, in reasonably sufficient detail, its calculation of the amount due by such other Party and the Party receiving such notice shall pay such amount to the
Responsible Party upon the later of thirty (30) business days prior to the Due Date for such payment and thirty (30) business days after the receipt of such notice. 

  
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 3.8 Amended Returns and Carrybacks. 

(a) SpinCo shall not, and shall not permit any member of the SpinCo Group to, file or allow to be filed any request for an Adjustment or any
amended Tax Return for any Pre-Distribution Period without the prior written consent of Parent, such consent to be exercised in Parent’s sole and absolute discretion; provided, that, if
requested by Parent in its sole and absolute discretion, SpinCo shall file, or cause to be filed, a request for an Adjustment or an amended Tax Return, and shall, to the extent permitted by applicable Law, amend any financial account or statement to
the extent necessary to effectuate such Adjustment or amended Tax Return, to claim a Refund to which Parent is entitled pursuant to this Agreement. 

(b) SpinCo shall, and shall cause each member of the SpinCo Group to, make any available elections to waive the right to carry back any Tax
Attribute from a Post-Distribution Period to a Pre-Distribution Period. 
 (c) SpinCo shall not, and
shall cause each member of the SpinCo Group not to, without the prior written consent of Parent, make any affirmative election to carry back any Tax Attribute from a Post-Distribution Period to a
Pre-Distribution Period, including by filing a claim for a refund or making any other filing with any Taxing Authority with respect to such carryback, such consent to be exercised in Parent’s sole and
absolute discretion. 
 (d) Receipt of consent by SpinCo or a member of the SpinCo Group from Parent pursuant to the provisions of this
Section 3.8 shall not limit or modify SpinCo’s continuing indemnification obligation pursuant to Article V. 

3.9 Tax Attributes. Parent shall advise SpinCo in writing of the amount (if any) of any Tax Attributes which Parent determines, in its
sole and absolute discretion, shall be allocated or apportioned to the SpinCo Group under applicable Law. SpinCo and all members of the SpinCo Group shall prepare all Tax Returns in accordance with such written notice. SpinCo shall not dispute
Parent’s determination of Tax Attributes. Parent shall provide (or otherwise make available) to SpinCo documentation maintained or prepared by Parent to support such Tax Attributes, provided that, for the avoidance of doubt, Parent shall not be
required in order to comply with this Section 3.9 to create or cause to be created any books and records or reports or other documents based thereon (including “earnings & profits studies,” “basis
studies” or similar determinations) that it does not maintain or prepare in the ordinary course of business. 
 3.10 Gain Recognition
Agreements. SpinCo will not take any action (including the sale or disposition of any stock, securities or other assets), or permit its Affiliates to take any such action, and SpinCo will not fail to take any action, or permit its Affiliates to
fail to take any action, that would cause Parent or any of its Affiliates or SpinCo or any of its Affiliates to recognize gain under any Gain Recognition Agreement. 

  
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 ARTICLE IV – INTENDED TAX TREATMENT OF THE DISTRIBUTION 

4.1 Representations and Warranties. 

(a) Parent, on behalf of itself and all other members of the Parent Group, hereby represents and warrants that (i) it has examined the
IRS Ruling Request, the Tax Opinions, the Representation Letters and any other materials delivered or deliverable in connection with the issuance of any IRS Ruling and the rendering of the Tax Opinions, in each case, as they exist as of the date
hereof (collectively, the “Tax Materials”) and (ii) the facts presented and representations made therein, to the extent descriptive of or otherwise relating to Parent or any member of the Parent Group or the Parent Business,
were at the time presented or represented and from such time until and including the Distribution Date, true, correct and complete in all material respects. Parent, on behalf of itself and all other members of the Parent Group, hereby confirms and
agrees to comply with any and all covenants and agreements in the Tax Materials applicable to Parent or any member of the Parent Group or the Parent Business. 

(b) SpinCo, on behalf of itself and all other members of the SpinCo Group, hereby represents and warrants that (i) it has examined the
Tax Materials and (ii) the facts presented and representations made therein, to the extent descriptive of or otherwise relating to SpinCo or any member of the SpinCo Group or the SpinCo Business, were or will be, at the time presented or
represented and from such time until and including the Distribution Date, true, correct and complete in all material respects. SpinCo, on behalf of itself and all other members of the SpinCo Group, hereby confirms and agrees to comply with any and
all covenants and agreements in the Tax Materials applicable to SpinCo or any member of the SpinCo Group or the SpinCo Business. 
 (c) Each
of Parent, on behalf of itself and all other members of the Parent Group, and SpinCo, on behalf of itself and all other members of the SpinCo Group, represents and warrants that it knows of no fact (after due inquiry) that may cause the Tax
treatment of any of the Transactions to be other than the Intended Tax Treatment. 
 (d) Each of Parent, on behalf of itself and all other
members of the Parent Group, and SpinCo, on behalf of itself and all other members of the SpinCo Group, represents and warrants that it has no plan or intent to take any action which is inconsistent with any statements or representations made in the
Tax Materials. 
 4.2 Restrictions Relating to the Distribution. 

(a) SpinCo, on behalf of itself and all other members of the SpinCo Group, hereby covenants and agrees that no member of the SpinCo Group will
take, fail to take, or permit to be taken: (i) any action where such action or failure to act would be inconsistent with or cause to be untrue any statement, information, covenant or representation in the Tax Materials or (ii) any action
which constitutes a SpinCo Disqualifying Action. 
 (b) During the Restricted Period, SpinCo: 

(i) shall continue and cause to be continued and not approve or allow, or enter into any agreement, understanding or arrangement with respect
to, the discontinuance, cessation, or sale or other transfer (to an Affiliate or otherwise) of, or a material change in or sale of the material assets of, any Active Business, other than sales in the ordinary course of business; 

  
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 (ii) shall not voluntarily dissolve or liquidate or partially liquidate itself, approve or
allow any liquidation, or partial liquidation of any of its Affiliates (including any action that is a liquidation for U.S. federal income tax purposes), or enter into any agreement, understanding or arrangement with respect to the foregoing, other
than, in the case of any of its Affiliates, into any other Affiliate that is a member of the SpinCo “separate affiliated group” as defined in Section 355(b)(3)(B) of the Code; 

(iii) shall not (1) enter into any Proposed Acquisition Transaction or, to the extent SpinCo has the right or ability to prevent or
prohibit any Proposed Acquisition Transaction, permit any Proposed Acquisition Transaction to occur, (2) redeem or otherwise repurchase (directly or through an Affiliate) any stock, or rights to acquire stock, except to the extent such
repurchases satisfy Section 4.05(1)(b) of Revenue Procedure 96-30 (as in effect prior to the amendment of such Revenue Procedure by Revenue Procedure 2003-48), (3)
amend its certificate of incorporation (or other organizational documents), issue a new class of non-voting stock, or take any other action, whether through a stockholder vote or otherwise, affecting the
relative voting rights of its Capital Stock (including through the conversion of any Capital Stock into another class of Capital Stock), (4) (A) merge or consolidate with any other Person or (B) allow any of its Affiliates to merge or
consolidate with any other Person other than any other Affiliate that is a member of the SpinCo “separate affiliated group” as defined in Section 355(b)(3)(B) of the Code or (5) take any other action or actions (including any
action or transaction that would be reasonably likely to be inconsistent with any representation made in the Tax Materials) that in the aggregate would, when combined with any other direct or indirect changes in ownership of SpinCo Capital Stock
pertinent for purposes of Section 355(e) of the Code, have the effect of causing or permitting one or more Persons (whether or not acting in concert) to acquire directly or indirectly stock representing a forty percent (40%) or greater interest
in SpinCo or would reasonably be expected to result in a failure to preserve, achieve or maintain the Intended Tax Treatment, or enter into any agreement, understanding or arrangement with respect to any of the foregoing; 

(iv) shall not and shall not permit any member of the SpinCo Group, to sell, transfer or otherwise dispose of (including in any transaction
treated for U.S. federal income tax purposes as a sale, transfer or disposition) assets (including any shares of Capital Stock of a Subsidiary) that, in the aggregate, constitute more than twenty percent (20%) of the consolidated gross assets of
SpinCo or the SpinCo Group, or enter into (or permit any member of the SpinCo Group to enter into) any agreement, understanding or arrangement with respect to the foregoing. The foregoing sentence shall not apply to (1) sales, transfers or
dispositions of assets in the ordinary course of business or to members of the SpinCo “separate affiliated group” as defined in Section 355(b)(3)(B) of the Code, (2) any cash paid to acquire assets from an unrelated Person in an arm’s-length transaction, (3) any assets transferred to a Person that is disregarded as an entity separate from the transferor for U.S. federal income tax purposes or (4) any mandatory or optional
repayment (or pre-payment) of any indebtedness of SpinCo or any member of the SpinCo Group. The percentages of gross assets or consolidated gross assets of SpinCo or the SpinCo Group, as the case may be, sold,
transferred or otherwise disposed of, shall be based on the fair market value of the gross assets of SpinCo and the members of the SpinCo Group as of the Distribution Date. For purposes of this Section 4.2(b)(iv), a merger
of SpinCo or one of its Subsidiaries with and into any Person that is not a wholly owned Subsidiary of SpinCo shall constitute a disposition of all of the assets of SpinCo or such Subsidiary; 

  
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 (v) shall, if any member of the SpinCo Group proposes to enter into any transaction or
series of transactions that is not a Proposed Acquisition Transaction but would be a Proposed Acquisition Transaction if the percentage reflected in the definition of Proposed Acquisition Transaction were thirty percent (30%) instead of forty
percent (40%) (a “Section 4.2(b)(v) Acquisition Transaction”) or, to the extent SpinCo has the right or ability to prevent or prohibit any Section 4.2(b)(v) Acquisition Transaction, proposes to permit
any Section 4.2(b)(v) Acquisition Transaction to occur, in each case, provide Parent, no later than ten (10) business days following the signing of any written agreement with respect to the Section 4.2(b)(v) Acquisition Transaction, a
written description of such transaction (including the type and amount of stock of SpinCo to be issued in such transaction) and a certificate of the board of directors of SpinCo to the effect that the Section 4.2(b)(v) Acquisition Transaction
is not a Proposed Acquisition Transaction; and 
 (vi) shall not cause or permit any member of the SpinCo Group identified on Schedule B as
either a “distributing corporation” or a “controlled corporation” (within the meaning of Section 355(b) of the Code) in any Transaction other than the Distribution to take any action or enter into any transaction described
in clauses (2), (3), (4) or (5) of Section 4.2(b)(iii) or in Section 4.2(b)(iv) (in each case, substituting references therein to “SpinCo”, the “SpinCo Group” and
“SpinCo Capital Stock” with references to the relevant corporation, the relevant corporation and its Subsidiaries and the Capital Stock of such corporation, respectively). 

(c) Notwithstanding the restrictions imposed by Section 4.2(b), SpinCo or a member of the SpinCo Group may take any
of the actions or transactions described therein if (i) SpinCo shall have requested that Parent obtain a private letter ruling (including a supplemental ruling, if applicable) from the IRS (a “Post-Distribution Ruling”) in
accordance with Section 4.3(b) to the effect that such transaction will not affect the Intended Tax Treatment, and Parent shall have received such a Post-Distribution Ruling and shall have notified SpinCo in
writing that Parent has determined that such Post-Distribution Ruling is in form and substance satisfactory to Parent in its sole and absolute discretion or (ii) both (A) SpinCo obtains an Unqualified Tax Opinion with respect thereto and
(B) Parent notifies SpinCo in writing that Parent has determined that such Unqualified Tax Opinion is in form and substance satisfactory to Parent in its sole and absolute discretion. Parent’s evaluation of a Post-Distribution Ruling or an
Unqualified Tax Opinion may consider, among other factors, the appropriateness of any underlying assumptions, representations and covenants made in connection with such ruling or opinion as well as any other factors, circumstances, considerations or
concerns that Parent determines in its sole and absolute discretion are relevant. SpinCo shall bear all costs and expenses of securing any such Post-Distribution Ruling or Unqualified Tax Opinion and shall, as set forth in
Section 4.3(b) below, reimburse Parent for all reasonable out-of-pocket expenses that Parent or any of its Affiliates may incur in good faith
in seeking to obtain or evaluate any such Post-Distribution Ruling or Unqualified Tax Opinion. None of the obtaining of a Post-Distribution Ruling, the delivery of an Unqualified Tax Opinion or Parent’s waiver of SpinCo’s obligation to
deliver a Post-Distribution Ruling or an Unqualified Tax Opinion shall limit or modify SpinCo’s continuing indemnification obligation pursuant to Article V. 

  
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 4.3 Additional Procedures Regarding Post-Distribution Rulings and Unqualified Tax
Opinions. 
 (a) If SpinCo determines that it desires to take one of the actions described in Section 4.2(b)
(a “Notified Action”), SpinCo shall notify Parent of this fact in writing. 
 (b) Post-Distribution Rulings or
Unqualified Tax Opinions at SpinCo’s Request. Unless Parent shall have waived the requirement to obtain such Post-Distribution Ruling or Unqualified Tax Opinion, upon the reasonable request of SpinCo pursuant to
Section 4.2(c)(i), Parent shall use commercially reasonable efforts in cooperating with SpinCo and in seeking to obtain, as expeditiously as possible, a Post-Distribution Ruling from the IRS (and/or any other
applicable Taxing Authority) or an Unqualified Tax Opinion for the purpose of permitting SpinCo to take the Notified Action, subject in all respects to the provisions of Section 4.2. Notwithstanding the foregoing, Parent
shall not be required to file or cooperate in the filing of any request for a Post-Distribution Ruling under this Section 4.3(b) unless SpinCo represents that (A) it has reviewed such request for a Post-Distribution
Ruling, and (B) all statements, information and representations relating to any member of the SpinCo Group contained in such request for a Post-Distribution Ruling are (subject to any qualifications therein) true, correct and complete. SpinCo
shall reimburse Parent for all reasonable costs and expenses, including out-of-pocket expenses and expenses relating to the utilization of Parent personnel, incurred by
the Parent Group in obtaining a Post-Distribution Ruling or Unqualified Tax Opinion requested by SpinCo within thirty (30) business days after receiving an invoice from Parent therefor. 

(c) Post-Distribution Rulings or Unqualified Tax Opinions at Parent’s Request. Parent shall have the right to obtain
a Post-Distribution Ruling or an Unqualified Tax Opinion at any time in its sole and absolute discretion. If Parent determines in its sole and absolute discretion to obtain a Post-Distribution Ruling or an Unqualified Tax Opinion, SpinCo shall (and
shall cause each Affiliate of SpinCo to) cooperate with Parent and take any and all actions reasonably requested by Parent in connection with obtaining the Post-Distribution Ruling or Unqualified Tax Opinion (including by making any representation
or covenant or providing any materials or information requested by the IRS, any other applicable Taxing Authority or a Tax Advisor; provided, that, SpinCo shall not be required to make (or cause any Affiliate of SpinCo to make) any
representation or covenant that is inconsistent with historical facts or as to future matters or events over which matters or events it has no control). Parent shall reimburse SpinCo for all reasonable costs and expenses, including out-of-pocket expenses and expenses relating to the utilization of SpinCo personnel, incurred by the Parent Group in connection with such cooperation within thirty
(30) business days after receiving an invoice from SpinCo therefor. 
 (d) Parent shall have sole and exclusive control over the
process of obtaining any Post-Distribution Ruling, and only Parent shall be permitted to apply for a Post-Distribution Ruling. In connection with obtaining a Post-Distribution Ruling, Parent shall (A) keep SpinCo informed in a timely manner of
all material actions taken or proposed to be taken by Parent in connection therewith; (B) (1) reasonably in advance of the submission of any request for any Post-Distribution Ruling provide SpinCo with a draft copy thereof, (2) reasonably
consider SpinCo comments on such draft copy, and (3) provide SpinCo with a final copy of such Post-Distribution Ruling; and (C) provide SpinCo with notice reasonably in advance of, and SpinCo shall have the right to attend, any formally
scheduled meetings with the 

  
 21 

 
IRS or other applicable Taxing Authority (subject to the approval of the IRS or such Taxing Authority) that relate to such Post-Distribution Ruling. Neither SpinCo nor any Affiliate of SpinCo
directly or indirectly controlled by SpinCo shall seek any guidance from the IRS or any other Taxing Authority (whether written, oral or otherwise) at any time concerning the Transactions (including the impact of any transaction on the
Transactions). 
 (e) Any Post-Distribution Ruling or Unqualified Tax Opinion obtained in accordance with
Section 4.2(c) and Section 4.3 shall be deemed included in the definition of Tax Materials from and after the obtaining thereof for all purposes of this Agreement. 

ARTICLE V – INDEMNITY OBLIGATIONS 

5.1 Indemnity Obligations. 

(a) Parent shall indemnify and hold harmless SpinCo from and against, and will reimburse SpinCo for, (i) all liability for Taxes
allocated to Parent pursuant to Article II, (ii) all Tax Related Costs and Expenses allocated to Parent pursuant to Section 6.7, (iii) all Taxes, Tax Related Costs and Expenses and Tax Related
Losses (without duplication) to the extent arising out of, based upon, or relating or attributable to any breach of or inaccuracy in, or failure to perform, as applicable, any representation, covenant or obligation of any member of the Parent Group
pursuant to this Agreement and (iv) the amount of any Refund received by any member of the Parent Group that is allocated to SpinCo pursuant to Section 2.5(a). 

(b) Without regard to whether a Post-Distribution Ruling or an Unqualified Tax Opinion may have been provided or whether any action is
permitted or consented to hereunder and notwithstanding anything to the contrary in this Agreement, SpinCo shall indemnify and hold harmless Parent from and against, and will reimburse Parent for, (i) all liability for Taxes allocated to SpinCo
pursuant to Article II, (ii) all Tax Related Costs and Expenses allocated to SpinCo pursuant to Section 6.7, (iii) all liability for Taxes, Tax Related Costs and Expenses and Tax Related
Losses (without duplication) arising out of, based upon, or relating or attributable to any breach of or inaccuracy in, or failure to perform, as applicable, any representation, covenant or obligation of any member of the SpinCo Group pursuant to
this Agreement, (iv) the amount of any Refund received by any member of the SpinCo Group that is allocated to Parent pursuant to Section 2.5(a) and (v) any Distribution Taxes and Tax Related Losses attributable to
a Prohibited Act, or otherwise attributable to a SpinCo Disqualifying Action (regardless of whether the conditions set forth in Section 4.2(c) are satisfied). To the extent that any Tax, Tax Related Costs and Expenses or
Tax Related Loss is subject to indemnity pursuant to both Section 5.1(a) and Section 5.1(b), responsibility for such Tax, Tax Related Costs and Expenses or Tax Related Loss shall be shared by
Parent and SpinCo according to relative fault as determined by Parent in its sole and absolute discretion. The amount of any liability for Taxes which are indemnifiable pursuant to this Section 5.1(b)(iii) and
(v) shall be determined, in Parent’s sole and absolute discretion, without regard to any Tax Attributes of the Parent Group or the Parent Business. 

  
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 5.2 Indemnification Payments. 

(a) Except as otherwise provided in this Agreement, if either Party (the “Indemnitee”) is required to pay to a Taxing
Authority a Tax or to another Person a payment in respect of a Tax, Tax Related Costs and Expenses or Tax Related Loss that the other Party (the “Indemnifying Party”) is liable for under this Agreement, including as the result of a
Final Determination, the Indemnitee shall notify the Indemnifying Party, in writing, of its obligation to pay such Tax, Tax Related Costs and Expenses or Tax Related Loss and, in reasonably sufficient detail, its calculation of the amount due by
such Indemnifying Party to the Indemnitee. The Indemnifying Party shall pay such amount, including any Tax Related Costs and Expenses or Tax Related Losses, to the Indemnitee no later than the later of (i) thirty (30) business days prior to the
Due Date for such payment to the applicable Taxing Authority or (ii) thirty (30) business days after the receipt of notice from the other Party. 

(b) If, as a result of any change or redetermination, any amount previously allocated to and borne by one Party pursuant to the provisions of
Article II is thereafter allocated to the other Party, then, no later than thirty (30) business days after such change or redetermination, such other Party shall pay to such Party the amount previously borne by such
Party which is allocated to such other Party as a result of such change or redetermination. 
 (c) If a Party incurs a Tax Liability as a
result of its receipt of a payment pursuant to this Agreement or the Separation Agreement, such payment shall be appropriately adjusted so that the amount of such payment, reduced by the amount of all Taxes payable with respect to the receipt
thereof (but taking into account all correlative Tax Benefits resulting from the payment of such Taxes), shall equal the amount of the payment which the Party receiving such payment would otherwise be entitled to receive. 

5.3 Payment Mechanics. 

(a) All payments under this Agreement shall be made by Parent directly to SpinCo and by SpinCo directly to Parent; provided,
however, that if the Parties mutually agree with respect to any such indemnification payment, any member of the Parent Group, on the one hand, may make such indemnification payment to any member of the SpinCo Group, on the other hand, and
vice versa. All indemnification payments shall be treated in the manner described in Section 5.4. 
 (b) In the
case of any payment of Taxes made by a Responsible Party or Indemnitee pursuant to this Agreement for which such Responsible Party or Indemnitee, as the case may be, has received a payment from the other Party, such Responsible Party or Indemnitee
shall provide to the other Party a copy of any official government receipt received with respect to the payment of such Taxes to the applicable Taxing Authority (or, if no such official governmental receipts are available, executed bank payment
forms or other reasonable evidence of payment). 

  
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 5.4 Treatment of Payments. The Parties agree that any payment made among the Parties
pursuant to this Agreement shall be treated, to the extent permitted by Law, for all U.S. income tax purposes as either (i) a non-taxable contribution by Parent to SpinCo or (ii) a distribution by
SpinCo to Parent, and, with respect to any payment made among the Parties pursuant to this Agreement after the Distribution, such payment shall be treated as having been made immediately prior to the Distribution. Notwithstanding the foregoing, the
Parties agree to treat any payment which, pursuant to the proviso of Section 5.3(a), is to be made or received by a Party’s Subsidiary as a series of deemed distributions or deemed contributions, as applicable, for all
Tax purposes. 
 ARTICLE VI – TAX CONTESTS 

6.1 Notice. Each Party shall notify the other Party in writing (i) within thirty (30) days after receipt by such Party or any
member of its Group of a written communication from any Taxing Authority with respect to any pending or threatened audit, claim, dispute, suit, action, proposed assessment or other proceeding (a “Tax Contest”) concerning any Taxes
for which the other Party may be liable pursuant to this Agreement, or (ii) at least ten (10) days prior to any deadline to respond to any such communication from any Taxing Authority with respect to such a Tax Contest, whichever is
earlier, and thereafter shall promptly forward or make available to such Party copies of notices and communications relating to such Tax Contest. 

6.2 Separate Returns. 

(a) In the case of any Tax Contest with respect to any Separate Return other than a Separate Return in respect of a Straddle Period, the Party
having the liability for the Tax pursuant to Article II hereof shall have the sole responsibility and right to control the prosecution of such Tax Contest, including the exclusive right to communicate with agents of the
applicable Taxing Authority and to control, resolve, settle or agree to any deficiency, claim or adjustment proposed, asserted or assessed in connection with or as a result of such Tax Contest. 

(b) In the case of any Tax Contest with respect to any Separate Return in respect of a Straddle Period, Parent shall have the responsibility
and right to control the prosecution of such Tax Contest; provided, that, Parent may elect that SpinCo be responsible for the conduct of such Tax Contest (or portion thereof), but, in such case, SpinCo may not take any position in such
Tax Contest inconsistent with any position taken by Parent on a relevant U.S. federal Tax Return or Joint Return unless and until there has been a Final Determination that such latter position is not correct; provided, further, the
other Party shall have the right to participate, at its own expense, and the controlling Party shall not have the right to resolve, settle or agree to any deficiency, claim or adjustment proposed, asserted or assessed in connection with or as a
result of such Tax Contest without the consent of the other Party, not to be unreasonably withheld, delayed or conditioned. 
 6.3 Joint
Return. In the case of any Tax Contest with respect to any Joint Return, the Preparing Party shall have the responsibility and right to control the prosecution of such Tax Contest, including the exclusive right to communicate with agents of the
applicable Taxing Authority and to control, resolve, settle or agree to any deficiency, claim or adjustment proposed, asserted, or assessed in connection with or as a result of such Tax Contest. Notwithstanding the foregoing, (i) to the extent
a portion of any such Tax Contest controlled by Parent relates to a Tax liability allocated to SpinCo pursuant to Schedule A, SpinCo shall have 

  
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the right to be notified of any material written communication asserting a Tax liability for which the SpinCo Group could reasonably be expected to be liable hereunder, as determined by Parent in
its sole and absolute discretion, provided, that, Parent shall have the right to resolve, settle or agree to any deficiency, claim or adjustment proposed, asserted or assessed in connection with or as a result of such portion of the
Tax Contest in its sole and absolute discretion, (ii) to the extent a portion of any such Tax Contest controlled by SpinCo relates to a Tax liability allocated to Parent, Parent shall have the right to be notified of any material written
communication asserting a Tax liability for which the Parent Group could reasonably be expected to be liable hereunder, as determined by Parent in its sole and absolute discretion, Parent shall have the right to participate in such portion of such
Tax Contest, and SpinCo shall not resolve, settle or agree to any deficiency, claim or adjustment proposed, asserted or assessed in connection with or as a result of such portion of the Tax Contest without the prior written consent of Parent, such
consent to be exercised in Parent’s sole and absolute discretion and (iii) to the extent a portion of any such Tax Contest controlled by Parent with respect to a Joint Return with respect to Non-U.S.
Taxes relates to a matter which was customarily controlled by a member of the SpinCo Group, as determined by Parent in its sole and absolute discretion, then Parent may elect that SpinCo shall be responsible for conduct of such portion of such Tax
Contest and, notwithstanding anything to the contrary in Section 6.7, any expenses related thereto, including expenses relating to supporting transfer pricing analysis. 

6.4 Transaction Related Tax Contests. Notwithstanding anything to the contrary in Section 6.2 or
Section 6.3, in the case of any Transaction Related Tax Contest, Parent shall have the sole and absolute responsibility and right to control the prosecution of such Tax Contest, including the exclusive right to communicate
with agents of the applicable Taxing Authority and to control, resolve, settle or agree to any deficiency, claim or adjustment proposed, asserted, or assessed in connection with or as a result of such Tax Contest; provided, that, to
the extent any Transaction Related Tax Contest relates to a SpinCo Separate Return in respect of a Tax Period beginning after the Distribution Date, such responsibilities and rights of Parent shall be limited to the portion of such Transaction
Related Tax Contest related to the Intended Tax Treatment of or the amount of Taxes imposed in respect of any of the Transactions. Notwithstanding anything to the contrary in Section 6.6, the final determination of the
positions taken, including with respect to settlement or other disposition, in any Transaction Related Tax Contest (taking into account the proviso to the first sentence of this Section 6.4) shall be made in the sole and
absolute discretion of Parent and shall be final and not subject to the dispute resolution provisions of Section 9.1 or Section 9.2 of this Agreement or Section 11.02,
Section 11.03 or Section 11.05 of the Separation Agreement. 
 6.5 Obligation of
Continued Notice. During the pendency of any Tax Contest or threatened Tax Contest, each of the Parties shall provide prompt notice to the other Party of any written communication received by it or a member of its respective Group from a Taxing
Authority regarding any Tax Contest for which it is indemnified by the other Party hereunder or for which it may be required to indemnify the other Party hereunder. Such notice shall attach copies of the pertinent portion of any written
communication from a Taxing Authority and contain factual information (to the extent known) describing any asserted Tax Liability in reasonable detail and shall be accompanied by copies of any notice and other documents received from any Taxing
Authority in respect of any such matters. Such notice shall be provided in a reasonably timely fashion; provided, however, that in the event that timely notice is not provided, a Party shall be relieved of its obligation to indemnify
the other Party only to the extent that such delay results in actual increased costs or actual prejudice to such other Party. 

  
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 6.6 Tax Contest Rights. 

(a) Unless waived by the Parties in writing, in connection with any potential adjustment in a Tax Contest as a result of which adjustment the Non-Controlling Party may reasonably be expected to become liable to make any indemnification payment to the Controlling Party under this Agreement: (i) the Controlling Party shall keep the Non-Controlling Party informed in a timely manner of all material actions taken or proposed to be taken by the Controlling Party with respect to such potential adjustment in such Tax Contest; (ii) the
Controlling Party shall timely provide the Non-Controlling Party with copies of any correspondence or filings submitted to any Taxing Authority or judicial authority in connection with such potential
adjustment in such Tax Contest; and (iii) the Controlling Party shall defend such Tax Contest diligently and in good faith. The failure of the Controlling Party to take any action specified in the preceding sentence with respect to the Non-Controlling Party shall not relieve the Non-Controlling Party of any liability and/or obligation which it may have to the Controlling Party under this Agreement, and in no
event shall such failure relieve the Non-Controlling Party from any other liability or obligation which it may have to the Controlling Party. 

(b) Consistent Treatment. Unless and until there has been a Final Determination to the contrary, each Party agrees not to take any
position on any Tax Return, in connection with any Tax Contest or otherwise that is inconsistent with (i) the treatment of payments between the Parent Group and the SpinCo Group as set forth in Section 5.4, (ii) the
Tax Materials or (iii) the Intended Tax Treatment. 
 6.7 Costs and Expenses. Except to the extent provided otherwise in this
Agreement, the Party to which the Tax liability related to a Tax Contest is (or would be) allocated, as determined by Parent in its sole and absolute discretion, shall be responsible for all Tax Related Costs and Expenses incurred in connection with
such Tax Contest, regardless of which Party is responsible for the conduct of such Tax Contest; provided that in the event such Tax liability is allocated to both Parties, such Tax Related Costs and Expenses shall be allocated to the Parties in such
manner as the Parent determines in its sole and absolute discretion. 
 ARTICLE VII – COOPERATION 

7.1 General. 
 (a) Each
Party shall fully cooperate, and shall cause all members of such Party’s Group to fully cooperate, with all reasonable requests in writing from the other Party, or from an agent, representative or advisor to such Party, in connection with the
preparation and filing of any Tax Return, claims for Refunds, the conduct of any Tax Contest (including, for the avoidance of doubt, providing assistance to respond to information requests from any Taxing Authority), and calculations of amounts
required to be paid pursuant to this Agreement, in each case, related or attributable to or arising in connection with Taxes of either Party or any member of either Party’s Group covered by this Agreement or otherwise relating to

  
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the SpinCo Business for any Pre-Distribution Period and the establishment of any reserve required in connection with any financial reporting (a
“Tax Matter”). Such cooperation shall include making available, upon reasonable notice, all information and documents in their possession relating to the other Party and its respective Affiliates as provided in this
Article VII and Article VIII. Each Party shall make its employees, advisors and facilities available, without charge, on a reasonable and mutually convenient basis in connection with the foregoing
matters in a manner that does not interfere with the ordinary business operations of such Party. The Parties shall use commercially reasonable efforts to provide any information or documentation requested by the other Party in a manner that permits
the other Party (or its Affiliates) to comply with Tax Return filing deadlines or other applicable timing requirements. 
 (b) Any
information or documents provided under this Section 7.1 shall be kept confidential by the Party receiving the information or documents, except as may otherwise be necessary in connection with the filing of Tax Returns or
in connection with any Tax Contest. Notwithstanding any other provision of this Agreement or any other agreement, (i) no Party or any of its Affiliates shall be required to provide another Party or any Affiliate thereof or any other Person
access to or copies of any information or procedures (including the proceedings of any Tax Contest) other than information or procedures that reasonably relate to the Taxes (including any Taxes for which the first Party is liable under this
Agreement), business or assets of the first Party or any of its Affiliates or are necessary to prepare Tax Returns for which the first Party is responsible for preparing the applicable Tax Return in accordance with the terms of this Agreement,
(ii) in no event shall any Party or its Affiliates be required to provide another Party, any of its Affiliates or any other Person access to or copies of any information if such action could reasonably be expected to result in the waiver of any
Privilege, and (iii) for the avoidance of doubt, Section 7.08 of the Separation Agreement shall apply with respect to matters of Privilege. In addition, in the event that a Party determines that the provision of any information to another
Party or any of its Affiliates could be commercially detrimental, violate any Law or agreement or waive any Privilege, the first Party shall use reasonable best efforts to permit compliance with its obligations under this
Section 7.1 in a manner that avoids any such harm or consequence. 
 7.2 Return Information. SpinCo and
Parent acknowledge that time is of the essence in relation to any request for information, assistance or cooperation made by Parent or SpinCo pursuant to Section 7.1 or this Section 7.2. Each Party
shall provide to the other Parties information and documents relating to its Group reasonably required by the other Parties to prepare Tax Returns. Any information or documents a Party responsible for preparing a Tax Return in accordance with the
terms of this Agreement requires to prepare such Tax Returns shall be provided in such form as such Party reasonably requests and in sufficient time for such Party to prepare such Tax Returns on a timely basis. 

ARTICLE VIII – RETENTION OF RECORDS; ACCESS 

8.1 Retention of Records. For so long as the contents thereof may become material in the administration of any matter under applicable
Tax Law, but in any event until the later of (i) sixty (60) days after the expiration of any applicable statutes of limitation (including any waivers or extensions thereof) and (ii) ten (10) years after the Distribution Date, the Parties
shall retain records, documents, accounting data and other information (including computer data) 

  
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necessary for the preparation and filing of all Tax Returns (collectively, “Tax Records”) in respect of Taxes of any member of either the Parent Group or the SpinCo Group for any
Pre-Distribution Period or Post-Distribution Period or for any Tax Contests relating to such Tax Returns. At any time after the Distribution Date when the Parent Group proposes to destroy any Tax Records that
pertain to SpinCo in Parent’s sole and absolute discretion, Parent shall first notify SpinCo in writing at least sixty (60) days prior to the destruction of such Tax Records and the SpinCo Group shall be entitled to receive such records or
documents proposed to be destroyed. At any time after the Distribution Date when the SpinCo Group proposes to destroy any Tax Records, SpinCo shall first notify Parent in writing at least sixty (60) days prior to the destruction of such Tax
Records and the Parent Group shall be entitled to receive such records or documents proposed to be destroyed. The Parties will notify each other in writing of any waivers or extensions of the applicable statute of limitations that may affect the
period for which the foregoing records or other documents must be retained. 
 8.2 Access to Tax Records. The Parties and their
respective Affiliates shall make available to each other for inspection and copying during normal business hours upon reasonable notice all Tax Records (including, for the avoidance of doubt, any pertinent underlying data accessed or stored on any
computer program or information technology system) in their possession and shall permit the other Party and its Affiliates, authorized agents and representatives and any representative of a Taxing Authority or other Tax auditor direct access, during
normal business hours upon reasonable notice to any computer program or information technology system used to access or store any Tax Records, in each case to the extent reasonably required by the other Party in connection with the preparation of
Tax Returns or financial accounting statements, audits, litigation or the resolution of items pursuant to this Agreement. The Party seeking access to the records of the other Party shall bear all costs and expenses associated with such access,
including any professional fees. 
 ARTICLE IX – DISPUTE RESOLUTION 

9.1 Tax Disputes. Subject to Section 9.3, Section 9.4 and
Section 9.5, this Section 9.1 shall govern the resolution of any dispute between the Parties as to any matter covered by this Agreement that primarily relates to the interpretation of Tax Law, as
determined by Parent in its sole and absolute discretion (a “Tax Advisor Dispute”). The Party raising the Tax Advisor Dispute shall give written notice of the Tax Advisor Dispute (a “Tax Advisor Dispute Notice”),
and the tax directors of the Parties (or such other individuals designated by the respective general counsels) and/or the executive officers designated by the Parties shall negotiate for a reasonable period of time to settle such Tax Advisor
Dispute; provided, that, such reasonable period shall not, unless otherwise agreed by the Parties in writing, exceed thirty (30) days (the “Negotiation Period”) from the time of receipt of the Tax Advisor Dispute
Notice; provided, further, that (x) the Parties shall not assert the defenses of statute of limitations, laches or any other defense, in each such case based on the passage of time during the Negotiation Period, and (y) any
contractual time period or deadline under this Agreement relating to such Tax Advisor Dispute occurring after the Tax Advisor Dispute Notice is received shall not be deemed to have passed until the procedures described in this
Section 9.1 have been resolved. If the Tax Advisor Dispute has not been resolved for any reason after the Negotiation Period, Parent shall, in its sole and absolute discretion, appoint a nationally recognized independent
public accounting firm (the “Accounting Firm”) to resolve such dispute. 

  
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In this regard, the Accounting Firm shall make determinations with respect to the Tax Advisor Dispute based solely on representations made by Parent, SpinCo and their respective representatives,
and not by independent review, and shall function only as an expert and not as an arbitrator and shall be required to make a determination in favor of one Party only. The Parties shall require the Accounting Firm to resolve all Tax Advisor Disputes
no later than thirty (30) days after the submission of such Tax Advisor Dispute to the Accounting Firm, but in no event later than the Due Date of Taxes or the filing of the applicable Tax Return, if applicable, and agree that all decisions by
the Accounting Firm with respect thereto shall be final and conclusive and binding on the Parties. The Accounting Firm shall resolve all Tax Advisor Dispute in a manner consistent with this Agreement and, to the extent not inconsistent with this
Agreement, in a manner consistent with the Past Practices of Parent and its Subsidiaries, except as otherwise required by applicable Law. The Parties shall require the Accounting Firm to render all determinations in writing and to set forth, in
reasonable detail, the basis for such determination. The fees and expenses of the Accounting Firm shall be borne equally by the Parties, and the parties agree to waive any objection to the naming of the Accounting Firm or the determination of the
Accounting Firm based on actual or alleged conflicts of interest. 
 9.2 Legal Disputes. Subject to
Section 9.1, Section 9.3, Section 9.4 and Section 9.5, in the event of any claim, controversy, demand or request for relief of any kind arising
out of, in connection with, or in relation to the interpretation, performance, nonperformance, validity or breach of this Agreement or otherwise arising out of or related to this Agreement (a “Dispute”), then the Party raising the
Dispute shall give written notice of the Dispute, and the Parties shall work together in good faith to resolve any such Dispute within thirty (30) days of such notice. If any Dispute is not so resolved, then a senior executive of each Party
shall, in good faith, attempt to resolve any such Dispute within the following thirty (30) days of the referral of the matter to the senior executives. If no resolution is reached with respect to any such Dispute, the Dispute shall be resolved
in accordance with the procedures contained in Section 11.03, Section 11.04 and Section 11.05 of the Separation Agreement. 

9.3 Injunctive Relief. Nothing in this Article IX shall prevent Parent from seeking injunctive relief to
enforce the procedures provided for in Section 9.1 if any delay resulting from the efforts to resolve the Tax Advisor Dispute through the Accounting Firm could result in serious and irreparable injury to Parent.
Notwithstanding anything to the contrary in this Agreement or the Separation Agreement (or any Ancillary Agreement), Parent and SpinCo are the only members of their respective Groups entitled to commence a dispute resolution procedure under this
Agreement, and each of Parent and SpinCo will cause its respective Group members not to commence any dispute resolution procedure other than through Parent or SpinCo, as applicable, as provided in this Article IX. 

9.4 Specific Performance. Notwithstanding anything to the contrary in this Agreement or the Separation Agreement (or any Ancillary
Agreement), in the event of any actual or threatened default in, or breach of, any of the terms, conditions and provisions of Section 4.1(b), Section 4.2(a) or
Section 4.2(b) by SpinCo, Parent shall have the right, without first pursuing the procedures provided for in Section 9.1 and Section 9.2, to specific performance,
declaratory relief and injunctive or other equitable relief (on a permanent, emergency, temporary, preliminary or interim basis) of its rights under this Agreement, in addition to any and all other rights and remedies at Law or in equity, and all
such rights and 

  
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remedies shall be cumulative. SpinCo shall not oppose the granting of such relief on the basis that money damages are an adequate remedy. SpinCo agrees that the remedies at Law for any breach or
threatened breach hereof, including monetary damages, are inadequate compensation for any loss, and waives any defense in any action by Parent for specific performance that a remedy at Law would be adequate. SpinCo also waives any requirements that
Parent secure or post any bond or similar security with respect to such remedy. 
 9.5 Venue for Injunctive Relief and Specific
Performance Claims by Parent. Notwithstanding anything to the contrary in this Agreement or the Separation Agreement (or any Ancillary Agreement), Parent may bring any claim for specific performance, declaratory relief and injunctive or other
equitable relief (on a permanent, emergency, temporary, preliminary or interim basis) under Section 9.3 or Section 9.4 of this Agreement (a “Chosen Court Claim”) either
(a) pursuant to the procedures contained in Section 11.03, Section 11.04 and Section 11.05 of the Separation Agreement or (b) at Parent’s sole and absolute
discretion, in the Delaware Court of Chancery (or, if the Delaware Court of Chancery shall be unavailable, any Delaware State court or the federal court sitting in the State of Delaware) (the “Chosen Courts”). SpinCo
irrevocably consents and agrees, on behalf of itself and each SpinCo Group member, to the jurisdiction, forum and venue of the Chosen Courts for a Chosen Court Claim, and agrees that it shall not assert, and shall hereby waive, any claim or right or
defense that it is not subject to the jurisdiction of the Chosen Courts, that the venue is improper, that the forum is inconvenient, that the Chosen Court Claim should instead be arbitrated by agreement of Parent or operation of law, or any similar
objection, claim or argument. 
 ARTICLE X – MISCELLANEOUS PROVISIONS 

10.1 Conflicting Agreements. 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 Agreement, this Agreement shall control with respect to the subject matter thereof; provided, however, for the avoidance of doubt that Section 2.07 of the Separation Agreement shall apply mutatis mutandis to
this Agreement. 
 10.2 Specified Matters. Notwithstanding anything to the contrary in this Agreement, the matters specified in
Schedule A shall in addition be subject to the provisions of Schedule A, which shall govern in the event of any conflict between the provisions of Schedule A and any provision in this Agreement. 

10.3 Interest on Late Payments. With respect to any payment between the Parties pursuant to this Agreement not made by the due date set
forth in this Agreement for such payment, the outstanding amount will accrue interest at a rate per annum equal to the rate in effect for underpayments under Section 6621 of the Code from such due date to and including the payment date. 

10.4 Counterparts. This Agreement may be executed in one or more counterparts, all of which counterparts shall be considered one and the
same agreement, and shall become effective when one or more counterparts have been signed by each Party and delivered to the other Party. This Agreement may be executed by facsimile or PDF signature and scanned and exchanged by electronic mail, and
such facsimile or PDF signature or scanned and exchanged copies shall constitute an original for all purposes. 

  
 30 

 10.5 Successors. This Agreement shall be binding on and inure to the benefit of any
successor by merger, acquisition of assets or otherwise, to any of the parties hereto, to the same extent as if such successor had been an original party to this Agreement. 

10.6 Application to Present and Future Subsidiaries. This Agreement is being entered into by Parent and SpinCo on behalf of themselves
and the members of their respective Group. This Agreement shall constitute a direct obligation of each such Party and shall be deemed to have been readopted and affirmed on behalf of any entity that becomes a Subsidiary of Parent or SpinCo in the
future. 
 10.7 Governing Law. This Agreement and any disputes relating to, arising out of or resulting from this Agreement, including
to its execution, performance, or enforcement, shall be governed by, and construed and enforced in accordance with, the Laws of the State of Delaware, regardless of the Laws that might otherwise govern under applicable principles of conflicts of
Laws thereof or of any jurisdiction. 
 10.8 Assignability. Except as set forth in Section 2.07 of the Separation Agreement,
neither this Agreement nor any of the rights, interests or obligations under this Agreement shall be assigned, in whole or in part, by operation of Law or otherwise by either Party without the prior written consent of the other Party. Any purported
assignment without such consent shall be void. Subject to the preceding sentences, this Agreement will be binding upon, inure to the benefit of, and be enforceable by, the Parties and their respective successors and assigns. Notwithstanding the
foregoing, if any Party to this Agreement (or any of its successors or permitted assigns) (a) shall enter into a consolidation or merger transaction in which such Party is not the surviving entity and the surviving entity acquires or assumes
all or substantially all of such Party’s assets or (b) shall transfer all or substantially all of such Party’s assets to any Person, then, in each such case, the assigning Party (or its successors or permitted assigns, as applicable)
shall ensure that the assignee or successor-in-interest expressly assumes in writing all of the obligations of the assigning Party under this Agreement, and the
assigning Party shall not be required to seek consent, but shall provide written notice and evidence of such assignment, assumption or succession to the non-assigning Party. No assignment permitted by this
Section 10.8 shall release the assigning Party from liability for the full performance of its obligations under this Agreement. 

10.9 Further Assurances. Subject to the provisions hereof, the Parties hereto shall make, execute, acknowledge and deliver, or cause to
be made, executed, acknowledged and delivered, such other instruments and documents, and take or do, or cause to be taken or done, all such other actions and all things reasonably necessary, proper or advisable under applicable Laws and agreements
to effectuate the provisions and purposes of this Agreement and to consummate and make effective the transactions contemplated hereby. 

10.10 Survival. Notwithstanding anything to the contrary in this Agreement, all representations, covenants and obligations contained in
this Agreement shall survive until the expiration of the applicable statute of limitations with respect to any such matter (including extensions thereof). 

  
 31 

 10.11 Severability. If any provision of this Agreement or the application thereof to
any Person or circumstance is determined by a court or arbitrator of competent jurisdiction to be invalid, void or unenforceable, the remaining provisions hereof, or the application of such provision to Persons or circumstances, or in jurisdictions
other than those as to which it has been held invalid or unenforceable, shall remain in full force and effect and shall in no way be affected, impaired or invalidated thereby, 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, any such provision, to the extent determined to be invalid, void or unenforceable, shall be deemed replaced by a provision that such
court or arbitrator determines is valid and enforceable and that comes closest to expressing the intention of the invalid, void or unenforceable provision. 

10.12 Amendments. No provisions of this Agreement shall be deemed waived, amended, supplemented or modified by any Party, unless such
waiver, amendment, supplement or modification is in writing and signed by the authorized representative of each Party. Any decision by any Party to waive or to not waive any provision of this Agreement is in such Party’s sole and absolute
discretion. 
 10.13 Headings. The article, section and paragraph headings contained in this Agreement, including in the table of
contents of this Agreement, are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. 

10.14 Waivers of Default. No failure or delay of any Party (or the applicable member of its Group) in exercising any right or remedy
under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such right or power, or any course of conduct, preclude any other
or further exercise thereof or the exercise of any other right or power. Waiver by any Party of any default by the other Party of any provision of this Agreement shall not be deemed a waiver by the waiving Party of any subsequent or other default.

 10.15 Continuity of Service and Performance. Unless otherwise agreed in writing, the Parties shall continue to provide services and
honor all other commitments under this Agreement, each other Ancillary Agreement and the Separation Agreement during the course of dispute resolution pursuant to the provisions of Article IX with respect to all matters not
subject to such dispute resolution. 
 10.16 Notices. All notices or other communications under this Agreement shall be in writing and
shall be deemed to be duly given (a) when delivered in person, (b) on the date received, if sent by a nationally recognized delivery or courier service, (c) upon written confirmation of receipt after transmittal by electronic mail or
(d) upon the earlier of confirmed receipt or the fifth (5th) business day following the date of mailing if sent by registered or certified mail, return receipt requested, postage prepaid and addressed as follows: 

  
 32 

 If to Parent, to: 

[•] 
 with a copy to: 

[•] 
 and with a copy to:

 Paul, Weiss, Rifkind, Wharton & Garrison LLP 

1285 Avenue of the Americas 

New York, NY 10019-6064 

Attn:    Jeffrey B. Samuels 

            Brian D. Krause 

Email: jsamuels@paulweiss.com 

            bkrause@paulweiss.com 

If to SpinCo, to: 
 [•]

 Either Party may, by notice to the other Party, change the address and identity of the Person to which such notices and copies of such notices are to be
given. Each Party agrees that nothing in this Agreement shall affect any other Party’s right to serve process in any other manner permitted by Law (including pursuant to the rules for foreign service of process authorized by the Hague
Convention). 
 10.17 Interpretation. Words in the singular shall be held to include the plural and vice versa and words of one gender
shall be held to include the other gender as the context requires. The terms “hereof,” “herein,” “herewith” and words of similar import, unless otherwise stated, shall be construed to refer to this Agreement as a whole
(including all of the schedules hereto) and not to any particular provision of this Agreement. Article, Section or schedule references are to the articles, sections and schedules of or to this Agreement unless otherwise specified. Any
capitalized terms used in this Agreement but not otherwise defined therein shall have the meaning as defined in the Separation Agreement. Any definition of or reference to any agreement, instrument or other document herein (including any reference
herein to this Agreement) shall, unless otherwise stated, be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments,
supplements or modifications set forth therein, including in Section 10.12). The word “including” and words of similar import when used in this Agreement shall mean “including, without limitation,”
unless the context otherwise requires or unless otherwise specified. The word “or” shall not be exclusive. The word “extent” in the phrase “to the extent” shall mean the degree to which a subject or other thing extends,
and such phrase shall not mean simply “if.” All references to “$” or dollar amounts are to the lawful currency of the United States of America. References herein to any Law shall be deemed to refer

  
 33 

 
to such law as amended, reenacted, supplemented or superseded in whole or in part and in effect from time to time and also to all rules and regulations promulgated thereunder. Except as expressly
set forth in this Agreement, the Parties (or their respective Group members) shall make, or cause to be made, any payment that is required to be made pursuant to this Agreement as promptly as practicable and without regard to any local currency
constraints or similar restrictions. 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. 
 10.18 Distribution Date. This Agreement shall become
effective only upon the Distribution Date. 
 [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 

  
 34 

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

			
	GENERAL ELECTRIC COMPANY
		
	By:	 	 
	Name:
	Title:

  

			
	 GE HEALTHCARE TECHNOLOGIES INC.

		
	By:	 	 
	Name:
	Title:

 [Signature Page to Tax Matters Agreement]EX-10.4

 Exhibit 10.4 

TRADEMARK LICENSE AGREEMENT 
  

			
	 Name and Address of Licensee:
  

GE HealthCare Imaging Holding Inc.
 3000 N Grandview Blvd

Waukesha, WI 53188
  

Attn: [***]
 E-mail:
[***]
  
 with a copy (which will not constitute notice) to:

 
 GE HealthCare

500 West Monroe Street
 Chicago, IL 60661

 
 Attn: [***]

E-mail: [***]
	  	 Name and Address of Parent:
  

General Electric Company
 Trademark Operation

901 Main Ave
 Norwalk, CT 06851

 
 Attn: [***]

E-mail: [***]
  

with a copy (which will not constitute notice) to:
  

General Electric Company
 Trademark Operation

901 Main Ave
 Norwalk, CT 06851

 
 Attn: [***]

E-mail: [***]

 CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS TRADEMARK LICENSE AGREEMENT HAS BEEN
OMITTED BY MEANS OF REDACTING A PORTION OF THE TEXT AND REPLACING IT WITH [***], PURSUANT TO REGULATION S-K ITEM 601(B) OF THE SECURITIES ACT OF 1933, AS AMENDED. CERTAIN CONFIDENTIAL INFORMATION HAS BEEN
EXCLUDED FROM THE EXHIBIT BECAUSE IT IS: (i) NOT MATERIAL AND (ii) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 1. DEFINITIONS
	  	 	2	 
			
	 1.1
	 	Defined Terms	  	 	2	 
			
	 1.2
	 	Additional Defined Terms	  	 	8	 
		
	 2. GRANT OF LICENSE
	  	 	9	 
			
	 2.1
	 	Licensed Products	  	 	9	 
			
	 2.2
	 	Trade Name	  	 	11	 
			
	 2.3
	 	Legal Entity Names	  	 	11	 
			
	 2.4
	 	Sublicensing	  	 	13	 
			
	 2.5
	 	Reservation of Rights	  	 	13	 
		
	 3. QUALITY CONTROL
	  	 	14	 
			
	 3.1
	 	Parent’s Quality Control	  	 	14	 
			
	 3.2
	 	Safety, Quality, Compliance and Warranty Requirements	  	 	14	 
			
	 3.3
	 	Record-keeping	  	 	16	 
			
	 3.4
	 	Information Requests and Samples	  	 	17	 
			
	 3.5
	 	Inspections and Audits	  	 	17	 
			
	 3.6
	 	Non-conformance	  	 	18	 
			
	 3.7
	 	Recalls	  	 	18	 
			
	 3.8
	 	Vendor Compliance	  	 	18	 
			
	 3.9
	 	Parent Review/Approvals; Regulatory Compliance	  	 	19	 
		
	 4. MARKETING AND COMMUNICATIONS MEETINGS
	  	 	20	 
			
	 4.1
	 	Marketing and Communications Meetings	  	 	20	 
			
	 4.2
	 	Approval of Marketing Strategies	  	 	20	 
		
	 5. OWNERSHIP AND USE OF THE MARK AND RELATED REQUIREMENTS
	  	 	21	 
			
	 5.1
	 	Ownership	  	 	21	 
			
	 5.2
	 	Review and Approval of Materials by Parent	  	 	21	 
			
	 5.3
	 	Use of GE Marks and Trademark Notations	  	 	22	 
			
	 5.4
	 	Changes to GE Marks	  	 	22	 
			
	 5.5
	 	Compliance Matters With Respect To Marketing Materials	  	 	23	 
			
	 5.6
	 	Internet Sales	  	 	23	 
			
	 5.7
	 	Obligations of Licensee	  	 	24	 
			
	 5.8
	 	Brand Equity	  	 	25	 

  
 i 

							
	 5.9
	 	Assistance in Protecting the GE Marks	  	 	26	 
			
	 5.10
	 	Foreign Registration of the GE Marks	  	 	26	 
			
	 5.11
	 	Notice of Third-Party Infringements by Licensed Products	  	 	27	 
			
	 5.12
	 	Third Party Infringements of GE Marks	  	 	27	 
			
	 5.13
	 	Implementation	  	 	28	 
			
	 5.14
	 	Modification Due to Third-Party Claims	  	 	28	 
			
	 5.15
	 	Territorial Restrictions	  	 	28	 
			
	 5.16
	 	Cyber Security Concerns and Product Security Vulnerabilities	  	 	29	 
		
	 6. FEES, ROYALTIES, REPORTS, RECORDS
	  	 	29	 
			
	 6.1
	 	Annual Assessment	  	 	29	 
			
	 6.2
	 	Royalties on New Licensed Products	  	 	29	 
			
	 6.3
	 	Taxes	  	 	30	 
			
	 6.4
	 	Currency and Exchange Rates	  	 	30	 
			
	 6.5
	 	Quarterly Financial Reports	  	 	30	 
			
	 6.6
	 	Payment Method	  	 	30	 
			
	 6.7
	 	Late Payment Charge	  	 	31	 
			
	 6.8
	 	Report and Record Retention	  	 	31	 
			
	 6.9
	 	Accounting Principles	  	 	31	 
			
	 6.10
	 	Inspection Rights	  	 	31	 
			
	 6.11
	 	Deficiencies Revealed by Audit	  	 	32	 
		
	 7. TERM, RENEWAL AND TERMINATION
	  	 	32	 
			
	 7.1
	 	Term	  	 	32	 
			
	 7.2
	 	Termination of the Agreement	  	 	32	 
			
	 7.3
	 	Obligations on Expiration and Termination; Survival	  	 	33	 
			
	 7.4
	 	Grace Period	  	 	36	 
			
	 7.5
	 	Adequate Assurances	  	 	36	 
		
	 8. INSURANCE
	  	 	37	 
		
	 9. REPRESENTATIONS, WARRANTIES AND COVENANTS; INDEMNIFICATION; DISCLAIMERS
	  	 	37	 
			
	 9.1
	 	Compliance with Laws	  	 	37	 
			
	 9.2
	 	No Child Labor	  	 	38	 
			
	 9.3
	 	Respectful Workplace and Human Rights	  	 	38	 
			
	 9.4
	 	Environmental Waste	  	 	38	 
			
	 9.5
	 	Ethics Compliance	  	 	39	 
			
	 9.6
	 	Parent Trademark Warranty	  	 	39	 

  
 ii 

							
	 9.7
	 	No Other Representations or Warranties	  	 	40	 
			
	 9.8
	 	Licensee’s Indemnity	  	 	40	 
			
	 9.9
	 	Parent’s Indemnity	  	 	41	 
			
	 9.10
	 	General Disclaimers	  	 	41	 
			
	 9.11
	 	Limitation on Liability	  	 	41	 
			
	 9.12
	 	Remedies Not Exclusive	  	 	42	 
		
	 10. MISCELLANEOUS
	  	 	42	 
			
	 10.1
	 	Assignment and Divested Entities	  	 	42	 
			
	 10.2
	 	Governing Law	  	 	43	 
			
	 10.3
	 	Notices	  	 	43	 
			
	 10.4
	 	Severability	  	 	44	 
			
	 10.5
	 	Counterparts; Entire Agreement; Corporate Power	  	 	44	 
			
	 10.6
	 	Third-Party Beneficiaries	  	 	44	 
			
	 10.7
	 	Waivers of Default	  	 	45	 
			
	 10.8
	 	Amendment	  	 	45	 
			
	 10.9
	 	Interpretation	  	 	45	 
			
	 10.10
	 	Headings	  	 	45	 
			
	 10.11
	 	Dispute Resolution	  	 	46	 
			
	 10.12
	 	Specific Performance	  	 	46	 
			
	 10.13
	 	Waiver of Jury Trial	  	 	46	 
			
	 10.14
	 	Confidentiality	  	 	46	 
			
	 10.15
	 	Relationship of the Parties	  	 	46	 

  

			
	ATTACHMENT 1	  	GE MARKS
	ATTACHMENT 2	  	LICENSED TERRITORY
	ATTACHMENT 3	  	MARKETING MEETING OUTLINE
	ATTACHMENT 4	  	GE DOMAIN NAMES
	ATTACHMENT 5	  	GE DATA PRIVACY AND PROTECTION GUIDELINES FOR TRADEMARK LICENSEES
	ATTACHMENT 6	  	APPROVED GE ENTITY NAMES
	ATTACHMENT 7	  	HEALTHCARE VISUAL AND BRANDING GUIDELINES
	ATTACHMENT 8	  	EXCLUDED SUBSIDIARIES

  
 iii 

 This TRADEMARK LICENSE AGREEMENT (this “Agreement”), dated as of
[●], 202[●] is made and entered into by and between General Electric Company, a New York corporation (“Parent”), as licensor, and GE HealthCare Imaging Holding Inc., a Delaware corporation (“Licensee”), as licensee. 
 PREAMBLE 

WHEREAS, 
  

	 	A.	 Parent and GE HealthCare Technologies Inc., a Delaware corporation (“SpinCo”) previously
entered into that certain Separation and Distribution Agreement, dated [•], 2022 (as amended, modified or supplemented from time to time in accordance with its terms, the “Separation Agreement”); 

 

	 	B.	 The Separation Agreement requires the execution and delivery of this Agreement by the Parties as of the
Distribution Date; 

  

	 	C.	 Parent owns the GE Marks and holds registrations thereof in various countries of the world for various products
and services; 

  

	 	D.	 Parent has the right to grant the rights and licenses granted in this Agreement to Licensee;

  

	 	E.	 The GE Marks constitute valuable rights owned and used by Parent and its Affiliates in conducting their
businesses and designating the origin or sponsorship of their distinctive products and services; 

  

	 	F.	 Parent desires to enhance and protect the goodwill of the GE Marks and to preserve its and its Affiliates’
rights to label products and associated services with the GE Marks so as to avoid consumer confusion; 

  

	 	G.	 Licensee and Parent agree that certain rules regarding Licensee’s use of the GE Marks are necessary to
enhance and protect the goodwill of the GE Marks, and to ensure that Parent’s and its Affiliates’ rights in the GE Marks are preserved; 

  

	 	H.	 Licensee wishes to use the GE Marks upon and in connection with the manufacture, importation, exportation,
packaging, display, sale, marketing, advertising, promotion, distribution, delivery, performance and provision of the Licensed Products; 

  

	 	I.	 In connection with the transactions contemplated by the Separation Agreement, Parent desires to grant to
Licensee rights and licenses to use the GE Marks in accordance with the terms, and subject to the conditions, set forth herein; and 

  

	 	J.	 Licensee acknowledges Parent is entering into this Agreement as required by the Separation Agreement, for
payment of the fees and royalties to be paid by Licensee to Parent hereunder, and also for the promotional value and marketing benefits to be secured by Parent as a result of the manufacture, importation, exportation, packaging, display, sale,
marketing, advertising, promotion, distribution, delivery, performance and provision of the Licensed Products. 

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

 

	1.	 DEFINITIONS  

 

	1.1	 Defined Terms. 

Unless otherwise defined in this Agreement, all capitalized terms used herein shall have the meanings ascribed to such terms in the Separation Agreement. The
following capitalized terms as used in this Agreement shall have the meanings given to them below. 
 (a) “Additional
Fields” means the following fields of care: (i) cardiology and vascular; (ii) oncology, including radiation oncology (interventional/external beam/radiopharma); (iii) neurology and nervous system; (iv) musculoskeletal and
orthopedics; (v) gastrointestinal and urology; (vi) obstetrics, gynecology and reproductive health; (vii) ophthalmic; (viii) ear, nose and throat (e.g., endoscopy); (ix) nephrology; (x) endocrine and lymphatic system;
(xi) ultrasound therapies; (xii) in vitro diagnostics; (xiii) drug delivery (e.g., IV pumps); and (xiv) general surgery. 

(b) “Additive Technologies” means any activity, asset, device, Software, product or service that processes or enables the
processing of the joining of materials to make objects from 3D model data, usually layer upon layer, as opposed to subtractive manufacturing methodologies, including any activities, assets, devices, Software, products or services to the extent they
store, process, analyze, manage, secure, or transfer data in connection with such processing or the enablement of such processing. 
 (c)
“Affiliate” of any Person means a Person that controls, is controlled by or is under common control with such Person. As used herein, “control” of any entity means the possession, directly or indirectly, of the power to
direct or cause the direction of the management or policies of such entity, whether through ownership of voting securities or other interests, by Contract or otherwise; provided, however, that (i) SpinCo and the other members of
the SpinCo Group shall not be considered Affiliates of Parent or any of the other members of the Parent Group and (ii) Parent and the other members of the Parent Group shall not be considered Affiliates of SpinCo or any of the other members of
the SpinCo Group. 
 (d) “Bankruptcy Event” shall have occurred in respect of a Person, if such Person becomes insolvent, or
generally does not pay its debts as they become due, or admits in writing its inability to pay its debts, or makes a general assignment for the benefit of creditors, or (a) if insolvency, receivership, reorganization or bankruptcy proceedings
are commenced against any such party, and such proceedings are not dismissed within sixty (60) days, or (b) if insolvency, receivership, reorganization or bankruptcy proceedings are commenced by any such Person. 

  
 5 

 (e) “Business Day” means any day that is not a Saturday, a Sunday or other
day on which commercial banks in the City of New York, New York are required or authorized by Law to be closed. 
 (f) “Change of
Control” means, with respect to Licensee or a Permitted Sublicensee, the acquisition, directly or indirectly, of control of Licensee or such Permitted Sublicensee by a third party, either alone or pursuant to an arrangement or understanding
with one or more persons. 
 (g) “Contract Year” means each twelve (12) month period from and including January 1st
through and including December 31st during the Term, with the exception of (i) the first Contract Year (Contract Year 1), which shall be for the period from and including the Distribution Date through and including December 31, 2023 and
(ii) the final Contract Year, which shall be from and including January 1st of the relevant year through the later of (a) the Expiration Date or (b) the end of any Grace Period. 

(h) “Digital Solutions” means any Digital Solutions Products and Services in existence as of or after the Distribution Date,
that in each case are not exclusively applicable to the SpinCo Business (excluding any Former SpinCo Business). 
 (i) “Digital
Solutions Products and Services” means any activity, asset, device, Software, product or service (i) that connects, senses, measures, coordinates, manages, tests, controls, automates, or communicates between or among two (2) or
more of (A) industrial assets, (B) complex healthcare assets and (C) network edge devices; or (ii) which stores, processes, analyzes, manages, secures (including provision of unauthorized access detection and prevention, data
security in transit, or other cybersecurity or operation security features), or transfers industrial or complex data, including healthcare data, in connection with such activities, assets, devices, Software, products or services of subsection (i).

 (j) “Domain Names” means Internet domain names, including top level domain names, global top level domain names, and
URLs. 
 (k) “Earned Royalties” means royalties earned at the rates negotiated in good faith by the Parties (as contemplated
in Section 2.1(b)) based on Net Sales of New Licensed Products. 
 (l) “Exclusively Licensed
Products” means (i) all products and services that, as of immediately prior to the Distribution Date, are both (A) branded with a GE Mark and (B) exclusively sold by the SpinCo Business (excluding any Former SpinCo Business),
including such products and services in the Existing Fields, and any natural evolutions thereof and (ii) any other products and services approved by Parent for inclusion as an Exclusively Licensed Product in accordance with
Section 2.1(b); provided, however, that “Exclusively Licensed Products” shall in no event include, and shall expressly exclude Separate Product Components, Software, Digital Solutions, Additive
Technologies or other products and services that would constitute “Non-Exclusively Licensed Products” as defined in this Agreement. 

(m) “Existing Fields” means the following fields of care: (i) diagnostic imaging; (ii) ultrasound; (iii) patient
monitoring; (iv) diagnostic cardiology; (v) anesthesia and ventilators; (vi) maternal and infant care; (vii) image-guided therapy; (viii) pharmaceutical diagnostics (e.g., contrast and molecular imaging agents); (ix)
supplies, consumables, and services related to the foregoing; and (x) financing healthcare assets. 

  
 6 

 (n) “Expiration Date” means the earlier of (i) ten (10) years
following the Distribution Date if this Agreement is not renewed, and if it is renewed, the last day of the last Renewal Term and (ii) the date on which this Agreement is otherwise terminated. 

(o) “Former Business” means any corporation, partnership, entity, product line, division, business unit or business, including
any business within the meaning of Rule 11-01(d) of Regulation S-X (in each case, including any assets and liabilities comprising the same) that has been sold, conveyed,
assigned, transferred or otherwise disposed of or divested (in whole or in part) to a Person other than Parent or its Subsidiaries or the operations, activities or production of which has been discontinued, abandoned, completed or otherwise
terminated (in whole or in part), in each case, prior to the Distribution Date. 
 (p) “Former SpinCo Business” means the
operations set forth on Schedule 1.01(c) of the Separation Agreement and any Former Business that at the time of sale, conveyance, assignment, transfer, or other disposition or divestiture (in whole or in part) or discontinuation, abandonment,
completion or termination (in whole or in part) of the operations, activities or production thereof, was primarily managed by or primarily associated with the SpinCo Business or any portion thereof as then conducted. 

(q) “GE Domain Names” means the Domain Names listed and referenced on Attachment 4. 

(r) “GE Marks” means the Trademarks listed and referenced on Attachment 1, as may be unilaterally amended from time to
time by Parent with reasonable advance notice to Licensee, solely to reflect modifications to the appearance of the GE Marks and the guidelines for use of the GE Marks, including to comply with the Usage Guidelines. 

(s) “Governmental Authority” means any federal, state, local, foreign, international or multinational government, political
subdivision, governmental, quasi-governmental authority of any nature (including any department, commission, board, bureau, agency, court, tribunal) or other body exercising legislative, judicial, regulatory, administrative or taxing authority,
arbitral body or official of any of the foregoing. 
 (t) “Grace Period” means the time in which sales of any Licensed
Products are permitted following the termination date as provided in Sections 7.3(c) and 7.4. 
 (u) “Gross
Revenue” means all gross revenue directly or indirectly invoiced or received for all Licensed Products Sold by or for Licensee or any Affiliate of Licensee to any third-party (e.g., retailers,
distributors, dealers, resellers, sales agents, consumers, etc.) before any discounts, allowances, other deductions, setoffs or offsets. For clarity, Gross Revenue is computed on sales by Licensee’s Affiliates (and not only by Licensee and
Permitted Sublicensees) solely for purposes of computing Earned Royalties. 

  
 7 

 (v) “Intellectual Property” means all of the following intellectual
property and similar rights, title or interest arising under the Laws of the United States or any other country: (i) patents, patent applications and patent rights, including any such rights granted upon any reissue, reexamination, division,
extension, provisional, continuation or continuation-in-part applications (“Patents”); (ii) copyrights, moral rights, mask work rights, database rights
and design rights, whether or not registered, and registrations and applications for registration thereof, and all rights therein provided by international treaties or conventions (“Copyrights”); and (iii) trade secrets;
provided, however, as used in this Agreement, the term “Intellectual Property” expressly excludes Trademarks and rights arising from or in respect of Domain Names and Domain Name registrations and reservations and Software.

 (w) “Law” means any statute, law, regulation, ordinance, rule, judgment, rule of common law, order, decree, Governmental
Approval, concession, grant, franchise, license, directive, guideline, policy, requirement or other governmental restriction or any similar form of decision of, or determination by, or any interpretation or administration of any of the foregoing by,
any Governmental Authority, whether now or hereinafter in effect and, in each case, as amended. 
 (x) “Licensed Products”
means, collectively, (i) the Exclusively Licensed Products and (ii) the Non-Exclusively Licensed Products. 

(y) “Licensed Territory” means the jurisdictions set forth on Attachment 2. 

(z) “Net Sales” means the total Gross Revenue less the following documented and supportable items of expense to the extent to
which they are actually paid or allowed: 
 (i) trade or quantity discounts and allowances customarily and regularly required
by and actually granted to customers or any other third party (e.g., retailers, distributors, dealers, and consumers, including commissions paid to distributors or dealers) acquiring from Licensee or Licensee’s Affiliate;
provided, however, that, subject to applicable Law or regulatory requirements, the deduction for such discounts and allowances may not exceed ten percent (10%) of Gross Revenue in any Contract Year; 

(ii) returns actually made and credited if amounts equal to such credits have previously been included in Gross Revenue;
provided, however, that the deduction for such returns may not exceed ten percent (10%) of Gross Revenue in any Contract Year; 

(iii) value added taxes, sales taxes, use taxes or similar taxes on sales to the extent included in Gross Revenues; and 

(iv) separately stated freight or Licensee’s or any Permitted Sublicensee’s cost of freight as evidenced in each case
by proper documentation (e.g., UPS shipment invoice or other documentation requested by Parent) to the extent included in Gross Revenues; 

provided, however, that Licensee shall not deduct from Gross Revenue: (A) except as expressly set forth in this
Section 1.1(z), any expenses, accruals, allowances, or any other costs incurred or amounts accrued by Licensee or Permitted Sublicensees (1) in the manufacture, importation, exportation, packaging, display, sale,
marketing, advertising, promotion, distribution, delivery or provision of the New Licensed Products, or (2) relating to uncollectible accounts, bad debts, warranty claims, extended warranty claims, returns processing, co-op advertising or insurance; or (B) any indirect or overhead expense of any kind whatsoever. 

  
 8 

 (aa) “New Legal Names” means new legal entity names of any Person that do
not consist in whole or in part of, and are not dilutive of or confusingly similar to, the GE Marks, except as explicitly approved by Parent in accordance with the terms of this Agreement. 

(bb) “Non-Exclusively Licensed Products” means all (i) products and services
that, as of immediately prior to the Distribution Date, are both (A) branded with a GE Mark and (B) sold by both the Parent Business (excluding any Former Business) and the SpinCo Business (excluding any Former SpinCo Business), including
such products and services in the Existing Fields, and any natural evolutions thereof, (ii) Separate Product Components, provided, that such Separate Product Components are embedded into Licensed Products or otherwise distributed for use
as part of or in connection with Licensed Products, (iii) Software or Digital Solutions that, as of immediately prior to the Distribution Date, are both (A) branded with a GE Mark and (B) used or sold by the SpinCo Business (excluding
any Former SpinCo Business), and any natural evolutions thereof, and (iv) any other products and services approved by Parent for inclusion as a Non-Exclusively Licensed Product in accordance with
Section 2.1(b); provided, however, that “Non-Exclusively Licensed Products” shall in no event include, and shall expressly exclude, any Additive Technologies.

 (cc) “Parent Business” means the businesses and operations as conducted immediately prior to the Distribution or as
formerly conducted by Parent and its Subsidiaries other than the SpinCo Business, including any Former Business other than any Former SpinCo Business. 

(dd) “Parent Personal Information” shall have the meaning set forth in Section 2(e) of the Data
Privacy Guidelines included in Attachment 5. 
 (ee) “Party” means Parent and Licensee individually, and
“Parties” means Parent and Licensee collectively. 
 (ff) “Permitted Sublicensees” means: (a) SpinCo;
and (b) any of SpinCo’s Subsidiaries (other than Licensee) that are engaged in the SpinCo Business (excluding any Former SpinCo Business) as of immediately prior to the Distribution Date, but excluding the entities listed on Attachment
8; provided, that, in the event that (i) SpinCo acquires, otherwise obtains or forms additional direct or indirect Subsidiaries after the Distribution Date, any such Subsidiary shall be deemed a Permitted Sublicensee upon
Parent’s written consent, (x) which shall not be unreasonably withheld with respect to any wholly-owned Subsidiary, and (y) which shall be provided in Parent’s sole discretion with respect
to any other Subsidiary, and (ii) any Permitted Sublicensee ceases to be a Subsidiary of SpinCo, except as and to the extent provided in Section 10.1(c), such Person shall immediately cease to be a “Permitted
Sublicensee” and all sublicenses granted to it under the rights and licenses hereunder shall automatically terminate forthwith. 
 (gg)
“Person” means an individual, a general or limited partnership, a corporation, an association, a trust, a joint venture, an unincorporated organization, a limited liability company, any other entity or any Governmental Authority.

  
 9 

 (hh) “Personal Information” shall have the meaning set forth in
Section 2(f) of the Data Privacy Guidelines in Attachment 5. 
 (ii) “Professional Medical
Device” means a professional diagnostic, surgical, monitoring or therapeutic medical device. 
 (jj) “Reporting
Period” means each calendar quarter of each Contract Year and any Grace Period; provided, however, that the first and last such quarter during the Term or any Grace Period may not be a full calendar quarter. 

(kk) “Separate Product Components” means any individual component of a Licensed Product, taken separately from the Licensed
Product as a whole, including cameras, monitors, sensors and printers. 
 (ll) “Software” means all: (i) computer
programs, including all software implementation of algorithms, models, formulas and methodologies, whether in source code, object code, human readable form or other form; (ii) descriptions, flow charts and other work products used to design,
plan, organize and develop any of the foregoing, screens, user interfaces, report formats, firmware, development tools, templates, menus, buttons and icons; and (iii) all documentation, including user manuals and other training documentation,
relating to any of (i) or (ii). 
 (mm) “Sold” means the first to occur of any of the following events with respect to
specified Licensed Products: (i) when delivered, leased, loaned, rented or otherwise provided or disposed of; (ii) when paid for; or (iii) when billed. The term “Sell” shall have a correlative meaning. 

(nn) “SpinCo Business” means the Healthcare businesses and operations of Parent and its Subsidiaries, as such businesses and
operations were conducted as of immediately prior to the Distribution or as formerly conducted by Parent and its Subsidiaries, including as described in the Information Statement, together with any Former SpinCo Businesses. 

(oo) “Standards of Quality” means the GE Data Privacy and Protection Guidelines for Licensees (“Data Privacy
Guidelines”) and the other guidelines set forth in Article 3, which shall not be less than (i) the high standards of quality, appearance, service and other standards that are observed immediately prior to the Distribution Date
by SpinCo Group or Parent Group in the commercialization, advertising, marketing and promotion of Licensed Products rendered immediately prior to or as of the Distribution Date and (ii) the standards that Licensee, Permitted Sublicensees and
their respective Vendors observe in their commercialization, advertising, marketing and promotion from time to time of any products and services similar to the Licensed Products. 

(pp) “Subsidiary” of any Person means any corporation or other organization, whether incorporated or unincorporated, of which
at least a majority of the securities or interests having by the terms thereof ordinary voting power to elect at least a majority of the board of directors or others performing similar functions with respect to such corporation or other
organization, is directly or indirectly owned or controlled by such Person or by any one or more of its Subsidiaries. 

  
 10 

 (qq) “Trademarks” means, collectively, trademarks, service marks, trade
names, service names, taglines, slogans, brand names, brand marks, trade dress, identifying symbols and logos, including all goodwill associated therewith, and registrations and applications for registration thereof, all rights therein provided by
international treaties or conventions, and all extensions and renewals of any of the foregoing. 
 (rr) “Usage Guidelines”
means, collectively: (i) Parent’s guidelines for use of the GE Marks as may be provided and amended from time to time by Parent in its sole discretion; (ii) Parent’s Brand Identity Guidelines
(http://www.gebrandcentral.com/article/brand-architecture), or any successor brand identity guidelines thereto, as may be updated from time to time by Parent in its sole discretion; and (iii) the Healthcare Visual and Branding Guidelines
which are set forth in Attachment 7, as may be updated from time to time by Parent in its sole discretion or as requested by Licensee and approved by Parent in its sole discretion. 

(ss) “Vendor” means (i) any supplier to Licensee or a Permitted Sublicensee that manufactures or assembles finished
Licensed Products and (ii) any supplier to Licensee or a Permitted Sublicensee of components that bear a GE Mark for incorporation into Licensed Products or any subcontractor that provides any portion of services included in the Licensed
Products that are Sold under a GE Mark. 
  

	1.2	 Additional Defined Terms. 

The following terms have the meanings set forth in the Section set forth opposite such term: 

 

			
	 Term
	  	Section
	 Agreement
	  	Preamble
	 Annual Fee
	  	6.1
	 Applicable Standards
	  	3.2(a)
	 Applicable Vendor Standards
	  	3.8(b)
	 Approved GE Entity Names
	  	2.3(a)
	 Approved Marketing Strategies
	  	4.1
	 Assignee
	  	10.1(c)
	 Books and Records
	  	6.8
	 Change of Control Notice
	  	7.2(c)
	 child
	  	9.2
	 children
	  	9.2
	 Damages
	  	9.8(a)
	 Data Privacy Guidelines
	  	1.1(oo)
	 Divested Entity
	  	10.1(b)
	 EHS
	  	3.5
	 EWR Products
	  	9.4
	 Financial Report
	  	6.5
	 GAAP
	  	6.9
	 IFRS
	  	6.9
	 Initial Notice
	  	7.2(c)
	 Initial Term
	  	7.1
	 Licensee
	  	Preamble
	 Licensee Indemnified Parties
	  	9.9(a)

  
 11 

			
	 Term
	  	Section
	 Licensee’s Indemnity
	  	9.8(a)
	 Marketing Meeting Outline
	  	4.1
	 Marketing Meetings
	  	4.1
	 New Licensed Product
	  	2.1(b)
	 NPI Process
	  	3.2(c)
	 Parent
	  	Preamble
	 Parent Indemnified Parties
	  	9.8(a)
	 Renewal Term
	  	7.1
	 Required Insurance
	  	8.1
	 Responsible Parties
	  	9.4
	 Separation Agreement
	  	Recitals
	 SpinCo
	  	Recitals
	 SRG
	  	3.8(a)
	 Term
	  	7.1
	 Waste Fees
	  	9.4

  

	2.	 GRANT OF LICENSE 

 

	2.1	 Licensed Products. 

(a) In accordance with the terms, and subject to the conditions, set forth in this Agreement, Parent hereby grants Licensee: 

(i) a limited, personal, fee-bearing (with respect to (A) Exclusively Licensed
Products and (B) New Licensed Products described in Section 2.1(b)(i) that are deemed Exclusively Licensed Products in accordance with Section 2.1(b)) or royalty-bearing (with respect to New
Licensed Products described in Section 2.1(b)(ii) or Section 2.1(b)(iii) that are deemed Exclusively Licensed Products in accordance with Section 2.1(b)), exclusive (even
as to Parent, but subject to any rights granted prior to the Distribution Date), non-transferable, non-assignable (except as permitted in accordance with
Section 10.1), non-sublicensable (except as permitted in accordance with Section 2.4), license during the Term and any Grace Period only in the Licensed
Territory to use the GE Marks only in connection with the manufacture by or for Licensee (including the right to have manufactured by Vendors in accordance with Article 3) and the importation, exportation, packaging, display, sale, marketing,
advertising, promotion, distribution, delivery, performance and provision of Exclusively Licensed Products, solely in connection with the SpinCo Business (excluding any Former SpinCo Business) as conducted as of immediately prior to the Distribution
Date, and any natural evolutions thereof; provided, however, that in no event shall Parent be restricted from using the GE Marks in connection with the importing, exporting, packaging, displaying, selling, marketing, advertising,
promoting, distributing, delivering, performing or providing any products or services (including, for the avoidance of doubt, any products or services that would otherwise constitute Exclusively Licensed Products) created using or generated by or
through the use of, or that constitute the output of any Additive Technologies; and 

  
 12 

 (ii) a limited, personal,
fee-bearing (with respect to (A) Non-Exclusively Licensed Products and (B) New Licensed Products described in Section 2.1(b)(i) that
are deemed Non-Exclusively Licensed Products in accordance with Section 2.1(b)) or royalty-bearing (with respect to New Licensed Products described in
Section 2.1(b)(ii) or Section 2.1(b)(iii) that are deemed Non-Exclusively Licensed Products in accordance with Section 2.1(b)), non-exclusive, non-transferable, non-assignable (except as permitted in accordance with Section 10.1), non-sublicensable (except as permitted in accordance with Section 2.4), license during the Term and any Grace Period only in the Licensed Territory to use the GE Marks only in connection
with the manufacture by or for Licensee (including the right to have manufactured by Vendors in accordance with Article 3) and the importation, exportation, packaging, display, sale, marketing, advertising, promotion, distribution, delivery,
performance and provision of Non-Exclusively Licensed Products, solely in connection with the SpinCo Business (excluding any Former SpinCo Business) as conducted as of immediately prior to the Distribution
Date and any natural evolutions thereof. 
 All such use shall be in strict accordance with the Standards of Quality, the Usage Guidelines and otherwise in
accordance with all terms, and subject to all and conditions, set forth this Agreement. 
 (b) Licensee may request that the foregoing
licenses be extended to cover additional products or services in the Licensed Territory (a “New Licensed Product”). Any such request by Licensee shall be submitted in writing to Parent in a form containing information and
details mutually agreed upon between the Parties. Parent shall have the right, in its sole discretion, to request additional information to facilitate its assessment of any such request. Any such extension to a New Licensed Product shall be subject
to the following: 
 (i) With respect to New Licensed Products that are (x) Professional Medical Devices for use in one
or more of the Additional Fields, (y) radiopharmaceutical therapies or therapeutics associated with antigen-based imaging agents, or (z) imaging and image-guided devices and digital solutions for use in the dental field, any such extension
of the licenses hereunder shall not be subject to the prior written approval of Parent or any additional royalties; provided, however, that Licensee must provide Parent with reasonable prior notice of any request to extend such
licenses to any such New Licensed Product and any such extension shall become effective only upon Parent’s (A) confirmation that Parent has all necessary rights to grant such extension and (B) designation of such New Licensed Product
as an Exclusively Licensed Product or Non-Exclusively Licensed Product (as set forth below in this Section 2.1(b)). 

(ii) With respect to all New Licensed Products that are Professional Medical Devices, other than New Licensed Products
addressed in Section 2.1(b)(i), any such extension of the licenses hereunder shall be subject to Parent’s prior written approval, not to be unreasonably withheld or denied, and a royalty rate to be negotiated in good
faith between the Parties; [***]. 
 (iii) With respect to all New Licensed Products that are not addressed in
Section 2.1(b)(i) or Section 2.1(b)(ii), any such extension of the licenses hereunder shall be subject to Parent’s prior written approval, which shall be provided in Parent’s sole
discretion and which may not extend to all such requested products or services nor all jurisdictions in the Licensed Territory, and a royalty rate to be negotiated in good faith between the Parties. 

  
 13 

 With respect to any of the foregoing requests for extensions to a New Licensed Product, Licensee
acknowledges and agrees that any such extensions may be subject to additional terms or conditions, as deemed necessary or desirable by the Parent, including with respect to exclusivity. Upon (A) Parent’s consent (with respect to New
Licensed Products addressed in Section 2.1(b)(ii) or Section 2.1(b)(iii)) or (B) confirmation of Parent’s ability to extend the license in Section 2.1(a)(i) or
Section 2.1(a)(ii) (with respect to New Licensed Products addressed in Section 2.1(b)(i)), as applicable, to cover a New Licensed Product in accordance with the terms of this
Section 2.1(b), such extension, and any relevant terms and conditions related thereto, shall be documented in writing by the Parties and attached hereto as an Attachment, at which time such New Licensed Product shall be
deemed an Exclusively Licensed Product or Non-Exclusively Licensed Product, as applicable, as defined and used hereunder. The Parties will meet twice per Contract Year (or at a different frequency, as mutually
agreed upon between the Parties) to discuss any such requests for New Licensed Products, as well as to review Licensee’s and its Permitted Sublicensees’ product pipeline, acquisition and divestiture activities, joint ventures and similar
developments. 
  

	2.2	 Trade Name. 

(a) In accordance with the terms, and subject to the conditions, set forth in this Agreement, Parent hereby grants Licensee a limited,
personal, fee-bearing, non-exclusive, non-transferable, non-assignable (except as
permitted in accordance with Section 10.1), non-sublicensable (except as permitted in accordance with Section 2.4), license during the Term and any Grace
Period to use the trade name “GE HealthCare,” solely in connection with (i) the SpinCo Business (excluding any Former SpinCo Business) as conducted as of immediately prior to the Distribution Date and any natural evolutions thereof
and (ii) Licensed Products. 
 (b) Subject to Section 7.2(a)(vii), Licensee may request that the license
granted under Section 2.2(a) be extended to include a trade name that is or contains a GE Mark but is not “GE HealthCare.” Any such request by Licensee shall be submitted in writing to Parent and shall be subject
to Parent’s prior written approval, in its sole discretion; provided, however, that in no event shall Parent’s failure to respond or render a decision be deemed to constitute an approval. 

 

	2.3	 Legal Entity Names. 

(a) In accordance with the terms, and subject to the conditions, set forth in this Agreement, Parent hereby grants Licensee a limited, non-sublicensable (except as permitted in accordance with Section 2.4) right, during the Term and any Grace Period (subject to Section 2.3(d)) to use the GE Marks
as part of legal entity names for the entities listed on Attachment 6 (the “Approved GE Entity Names”). To the extent any member of the SpinCo Group that exists as of immediately prior to the Distribution Date has a legal
entity name that includes any GE Mark but is not an Approved GE Entity Name, Licensee and the members of the SpinCo Group shall adopt New Legal Names for such members of the SpinCo Group in accordance with Section 2.3(b).
For the avoidance of doubt, the rights granted under this Section 2.3(a) shall not confer any right or license to use the GE Marks or the Approved GE Entity Names as a Trademark. 

  
 14 

 (b) Promptly after the Distribution Date, but in any event no later than six (6) months
after the Distribution Date (or such longer time period as may be approved by Parent in its reasonable discretion), Licensee and the members of the SpinCo Group shall make all filings with any and all offices, agencies and bodies and take all other
actions necessary to adopt New Legal Names for such members of the SpinCo Group with legal entity names that include any GE Mark but are not Approved GE Entity Names, and upon receipt of confirmation from the appropriate registry that such name
changes have been effected, Licensee shall provide Parent with written proof that such name changes have been effected. In the event that Licensee or any such member of the SpinCo Group is unable to obtain all approvals necessary to adopt a New
Legal Name in a jurisdiction, or is otherwise unable for regulatory reasons or other reasons outside of the SpinCo Group’s control to adopt a New Legal Name in a jurisdiction, such Person shall be allowed to continue its use of the applicable
legal entity name for a transition period, to the extent required for the SpinCo Group to adopt a New Legal Name in a particular jurisdiction, which shall be mutually agreed-upon by the Parties, provided, however, that such Person has
demonstrated reasonable efforts to adopt a New Legal Name. 
 (c) Licensee may request that the right granted under
Section 2.3(a) be extended to legal entity names that did not exist at the time of the Distribution Date for Licensee or a Permitted Sublicensee, provided, that such legal entity names must include “GE
HealthCare” or “GEHC.” Any such request by Licensee shall be submitted in writing to Parent and shall be subject to Parent’s prior written approval, not to be unreasonably withheld or denied; provided, however, that
in no event shall Parent’s failure to respond or render a decision be deemed to constitute an approval. Notwithstanding the foregoing, to the extent such legal entity name includes “GE HealthCare” or “GEHC” in combination
with a jurisdiction (e.g., “GE HealthCare Canada”), the right granted to Licensee under Section 2.3(a) shall be automatically extended to such legal entity names upon Licensee’s timely written notice to Parent of
such legal entity names, without further review or approval by Parent. 
 (d) Notwithstanding the foregoing, in the event the SpinCo Group
adopts a trade name that is not “GE HealthCare,” the rights granted to Licensee under this Section 2.3 shall immediately terminate, and Licensee and all members of the SpinCo Group shall promptly, but in any event
no later than six (6) months after such termination of rights, make all filings with any and all offices, agencies and bodies and take all other actions necessary to adopt New Legal Names for all such members of the SpinCo Group with legal
entity names that include any GE Mark, and upon receipt of confirmation from the appropriate registry that such name changes have been effected, Licensee shall provide Parent with written proof that such name changes have been effected. In the event
that any such Person is unable to obtain all approvals necessary to adopt a New Legal Name in a jurisdiction, or is otherwise unable for regulatory reasons or other reasons outside of SpinCo Group’s control to adopt a New Legal Name in a
jurisdiction, such Person shall be allowed to continue its use of the applicable legal entity name in such impacted jurisdiction for a transition period mutually agreed-upon by the Parties not to exceed one (1) year, provided,
however, that such Person has demonstrated commercially reasonable efforts to adopt a New Legal Name. 
  

	2.4	 Sublicensing. In accordance with all terms, and subject to all conditions, set forth in this Agreement,
as of the Distribution Date, Licensee shall have the right to grant to any Permitted Sublicensee a non-transferable sublicense (without the right to grant further sublicenses) under the rights and licenses
granted to Licensee in this Article 2; provided, however, that in no event shall any such sublicense exceed the scope of the rights and licenses granted to Licensee in this Article 2. The Parties acknowledge and agree
that, as of immediately prior to the Distribution Date, all 

  
 15 

	 	
Subsidiaries of SpinCo (other than Licensee) are using the GE Marks or Approved GE Entity Names (as applicable) in the conduct of the SpinCo Business (excluding any Former SpinCo Business) and
therefore shall be deemed “Permitted Sublicensees” hereunder; provided, however, that if Licensee notifies Parent within thirty (30) days of the Distribution Date of any Subsidiary that is not so using the GE Marks or
Approved GE Entity Names, as applicable, such Subsidiary shall not be deemed a “Permitted Sublicensee” and shall not receive any sublicenses hereunder. Licensee shall cause each Permitted Sublicensee to fully comply with all terms and
conditions set forth in this Agreement as if such Permitted Sublicensee was directly bound thereby, and Licensee shall be liable hereunder for all actions or omissions of any Permitted Sublicensee, including any breach or other violation by any
Permitted Sublicensee of any terms and conditions set forth herein, as if performed (or failed to be performed) by Licensee itself. Notwithstanding the foregoing, in the event any Permitted Sublicensee ceases to be a Subsidiary of SpinCo, except as
and to the extent provided in Section 10.1(c), such Person shall immediately cease to be a “Permitted Sublicensee” and all sublicenses granted to it under the rights and licenses hereunder shall automatically
terminate forthwith. 

  

	2.5	 Reservation of Rights. Any rights not granted to Licensee in this Agreement are specifically reserved by
and for the Parent Group and the rights granted to Licensee in this Agreement are subject to any and all of the rights granted by the Parent Group to third parties prior to the Distribution Date. Except as expressly provided in this Article
2, if applicable, no licenses or other rights are implied or granted by estoppel or otherwise. Licensee hereby accepts the grant of rights and licenses in Article 2, and shall cause Permitted Sublicensees to accept the grant of any
sublicenses, in each case, in accordance with the terms, and subject to the conditions, set forth in this Agreement. Licensee shall not (and shall ensure that Permitted Sublicensees do not) manufacture, export, import, package, display, sell,
market, advertise, promote, distribute, deliver, perform or provide any products or services other than Licensed Products only in the Licensed Territory in accordance with the foregoing licenses. Parent Group expressly reserves the right (i) to
retain for itself the right to use the GE Marks in all geographical areas for any products or services or other use, and (ii) to grant to any third parties a license of any scope to use the GE Marks in all geographical areas for any products or
services or other use, in each case (i) and (ii), other than with respect to the Exclusively Licensed Products (provided, that, for the avoidance of doubt, as per Section 2.1(a)(i), in no event shall Parent be
restricted from using the GE Marks in connection with the importing, exporting, packaging, displaying, selling, marketing, advertising, promoting, distributing, delivering, performing or providing any products or services (including, for the
avoidance of doubt, any products or services that would otherwise constitute Exclusively Licensed Products) created using or generated by or through the use of, or that constitute the output of any Additive Technologies). 

  
 16 

	3.	 QUALITY CONTROL 

 

	3.1	 Parent’s Quality Control. Parent has the right, but no obligation, to supervise,
control and approve the use of the GE Marks by Licensee, Permitted Sublicensees and Vendors with respect to the nature and quality of the Licensed Products and the materials used to advertise, market and promote the Licensed Products for the purpose
of protecting and maintaining the goodwill associated with the GE Marks and the reputation of the Parent Group. Such supervision, control and approval extends to (i) Licensee’s, Permitted Sublicensees’ and Vendors’ practices and
procedures for quality control of Licensed Products, including all aspects of the design, manufacture, display, sale, promotion, advertising, marketing, distribution, delivery, performance or provision of Licensed Products by Licensee, Permitted
Sublicensees and Vendors, and (ii) the appearance of, quality of, and other manner in which the GE Marks are used in connection with Licensed Products, labeling and packaging for Licensed Products, and such materials; provided, that, in
the event of any conflict between this sentence and Section 3.2 as it relates to the specific procedures set forth in Section 3.2 regarding reporting and providing corrective action plans for
product quality, product safety and product recalls, Section 3.2 shall control. Licensee acknowledges and agrees, on behalf of itself and Permitted Sublicensees and Vendors, that each of the quality control rights of Parent
in Article 3, Article 4 and Article 5 are a material element of this Agreement. 

  

	3.2	 Safety, Quality, Compliance and Warranty Requirements. 

(a) All Licensed Products (and the manufacturing thereof) and all materials used to advertise, market and promote the Licensed Products shall
meet all requirements of the Standards of Quality and shall comply with all applicable Laws and industry standards and protocols, including applicable laws and standards described in the Data Privacy Guidelines (collectively, the “Applicable
Standards”). Licensed Products may not be manufactured, exported, imported, packaged, displayed, sold, marketed, advertised, promoted, distributed, delivered, performed or provided until such Applicable Standards have been met. 

(b) The Licensed Products shall be merchantable and fit for the purpose for which they are intended as provided in the express warranty
provided with Licensed Products. Licensee may (and may permit Permitted Sublicensees to) disclaim the foregoing representations to its users or its purchasers to the extent permitted by Law, but not to Parent. Licensee shall (and shall ensure
Permitted Sublicensees) use all efforts necessary or reasonable to ensure that the Licensed Products shall be of a quality in terms of design, features, safety, material and workmanship, and suitability for their intended purposes, that is, in all
material respects, equal to or better than (i) the quality of the Licensed Products manufactured, exported, imported, packaged, displayed, sold, marketed, advertised, promoted, distributed, delivered, performed or provided by SpinCo Group or
Parent Group in connection with the SpinCo Business immediately prior to the Distribution Date and (ii) competitive products and services marketed in a comparable category, price range and jurisdiction in which the Licensed Products compete.

 (c) Licensee shall (and shall ensure Permitted Sublicensees and their respective Vendors) integrate into their product and service
development processes a new product introduction process (“NPI Process”) prior to the sale or distribution of such Licensed Products, which (i) is reasonably consistent with NPI processes used by SpinCo Group or Parent Group in
connection with the SpinCo Business (excluding any Former SpinCo Business) as of immediately prior to the Distribution Date and (ii) ensures that all Applicable Standards are met. Licensee, on behalf of itself, Permitted Sublicensees and
Vendors, shall provide copies of all materials prepared in the NPI Process for any Licensed Product to Parent upon Parent’s request. 

  
 17 

 (d) Licensee shall (and shall ensure Permitted Sublicensees and Vendors) maintain, develop
and update from time to time, as needed, a product safety compliance program, which shall include, at a minimum, a product safety escalation process to permit the timely notification of potential product safety hazards to applicable regulatory
authorities when required by applicable Law, or reasonably deemed necessary by Licensee or the applicable Permitted Sublicensee. The product safety compliance program is intended, in part, to ensure the timely disclosure to applicable Governmental
Authorities of potential product safety issues. To the extent Licensee, any Permitted Sublicensee or any Vendor (i) becomes aware of any highly material product safety or product quality issues or (ii) issues or is required to, or has
cause to, issue any highly material product recalls, in each case, Licensee, on behalf of itself and its Permitted Sublicensees and their respective Vendors, as applicable, shall notify the Parent in accordance with Licensee’s then-current
crisis communication plan for alerting key stakeholders. For purposes of this Section 3.2(d), a “highly material” product safety or product quality issue is one that, in Licensee’s reasonable determination,
creates a material and significant risk of reputational harm to the Parent’s brand or would cause Parent to face a material and credible legal claim as a result of matters such as regulatory enforcement matters (e.g., untitled letters,
warning letters, consent decrees), criminal investigations or actions, congressional or other governmental inquiries, civil litigation claims, and whistleblower cases (in each case, only insofar as they may create a material and significant risk of
reputational harm with respect to product safety or product quality), and a “highly material” product recall would include any recall issued that is considered to be Class 1, as defined by the United States Food and Drug
Administration, or the equivalent thereof in other jurisdictions. Upon reasonable request, Licensee will provide to Parent the full corrective action plan for such highly material product safety or product quality issues or such highly material
product recalls, including as reported to the United States Food and Drug Administration or other Governmental Authorities. If Licensee’s corrective action plan is not implemented or is not effective to resolve the identified issue or concern,
Licensee will submit to Parent a revised corrective action plan. Parent will have the right to submit questions or concerns in writing to Licensee, or to request a meeting with Licensee to discuss such revised corrective action plan, within ten
(10) Business Days of Parent’s receipt of Licensee’s revised corrective action plan and Licensee will reasonably consider such questions or concerns and, as applicable, meet with Parent to discuss the revised corrective action plan,
in each case, solely to the extent reasonably practicable without interfering with Licensee’s, or any Permitted Sublicensee’s or Vendor’s, regulatory compliance obligations. Following the Distribution Date, the Parties shall meet once
per Contract Year (or more frequently, at the reasonable request of Parent) to discuss product safety compliance matters, including product recalls. 

(e) For each Licensed Product, Licensee will (and will ensure that Permitted Sublicensees and Vendors) conduct necessary testing to demonstrate
compliance with all safety standards included in the Applicable Standards and any certification requirements thereto. The frequency and scope of such testing shall be equal to or better than: (i) the testing practices of the SpinCo Group or
Parent Group for the Licensed Products immediately prior to the Distribution Date and (ii) the testing practices required by applicable Law. 

(f) Licensee will (and will ensure that each Permitted Sublicensee and each of their respective Vendors does) continuously adapt its production
process and product development to minimize the use or creation of hazardous substances. 

  
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 (g) Licensee shall (and shall ensure that each Permitted Sublicensee does) provide a
warranty for each Licensed Product Sold and Licensee or such Permitted Sublicensee shall be solely responsible for performing its obligations under that warranty, whether during the Term or following the Expiration Date. The Licensed Products shall
carry warranty coverage equal to or better than the warranty coverage: (a) offered by the SpinCo Group or Parent Group for like products immediately prior to the Distribution Date, (b) offered by Licensee or any of its Affiliates for like
products, if any, that it sells; and (c) offered by primary competitors on like products and services in a comparable category, price range and jurisdiction. Notwithstanding the foregoing, the warranty coverage (parts and labor) for the
Licensed Products shall in no event be less than one (1) year (or such longer period of time as may be required by applicable Law). 

(h) Licensee shall (and shall ensure that Permitted Sublicensees and Vendors) maintain, develop and update from time to time, as needed, a data
privacy and protection compliance program, which shall: (i) comply with all applicable Laws and the standards described in the Data Privacy Guidelines; (ii) be consistent with programs and policies used by SpinCo Group or Parent Group in
connection with the SpinCo Business immediately prior to the Distribution Date; and (iii) be updated from time to time to reflect evolving industry standards and best practices. Licensee shall (and shall ensure that Permitted Sublicensees) use
the GE Mark(s) only in connection with Licensed Products that are in strict compliance with such data privacy and protection compliance program. Licensee, on behalf of itself and Permitted Sublicensees and their respective Vendors, shall submit such
program to Parent on an annual basis or when changes or modifications to the plan are made. If Licensee fails to implement or cause Permitted Sublicensees or their respective Vendors to implement, Licensee’s data privacy and protection program
within forty-five (45) days of such notice, then Parent shall have the right to terminate this Agreement at any time upon notice to Licensee. Licensee, on behalf of itself, Permitted Sublicensees and Vendors, shall provide Parent with notice of
material data privacy and protection complaints and implement corrective action plans related thereto, in each case, in accordance with the process described in Section 3.2(d). 

 

	3.3	 Record-keeping. Licensee shall (and shall ensure Permitted Sublicensees and Vendors) maintain reasonable
records and information relating to their compliance with the Applicable Standards and their activities under this Agreement. Such records and information shall be maintained for a minimum period of ten (10) years after the later of the
Expiration Date or the end of the Grace Period (or such longer period of time as may be required by applicable Law). Such records and information shall include: quality manuals; the restriction of hazardous substances compliance records; lot
inspection reports; return rate data by model; environment, health and safety, quality, ethics, or other reviews required to be conducted under this Agreement that relate in any way to the Licensed Products or components thereof; and the appropriate
Governmental Authority listings and other records and information required by any industry-standard quality and safety guidelines for each Licensed Product. 

  

	3.4	 Information Requests and Samples. 

(a) Upon reasonable request by Parent, Licensee, on behalf of itself, Permitted Sublicensees and Vendors, will promptly provide to Parent
copies of records maintained by itself, Permitted Sublicensees and Vendors under this Agreement, including any quality and safety audits, quality manuals, the restriction of hazardous substances compliance forms, lot inspection reports, return rate
data by model, and the appropriate Governmental Authority listings. 

  
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 (b) During the Term, upon reasonable notice from time to time, Parent shall have the right
to promptly obtain (or otherwise be provided with access to) from Licensee, Permitted Sublicensees and Vendors from time to time and at any time during the Term upon reasonable notice (i) Licensed Products and all associated labeling or
packaging, (ii) samples showing all other uses of the GE Marks, and (iii) other reasonable information as to the nature and quality of the Licensed Products and advertising, marketing
and promotional materials therefor using the GE Marks and the manner in which the GE Marks are used in connection with the Licensed Products or such materials. Such products will be shipped to or otherwise made available for examination by Parent
(or a designee of Parent) at a mutually agreed-upon location and otherwise provided at no charge to the Parent Group, including no handling charges or duties. 
  

	3.5	 Inspections and Audits. Licensee shall inspect and perform audits of each facility used by Licensee,
Permitted Sublicensees or Vendors in the manufacture or assembly of Licensed Products using procedure and methods that are (i) equal to or better than industry standards and best practices and (ii) consistent with those used by SpinCo
Group or Parent Group in connection with the SpinCo Business immediately prior to the Distribution Date, in each case, to determine compliance with the Applicable Vendor Standards (as defined below), any applicable Laws and any other requirements of
this Agreement. Such inspections and audits will be performed prior to the commencement of manufacturing of Licensed Products at any facility not used for those purposes for three hundred sixty-five (365) consecutive days and in each Contract
Year thereafter. Such inspections and audits will include the manufacturing site’s business processes, labor practices, wage and work hour compliance, worker living conditions (where worker housing is provided), environmental, health and safety
(“EHS”) systems, EHS performance, and working conditions. Licensee shall, and shall ensure that all Permitted Sublicensees and their respective Vendors, keep formal records of such inspections and audits and provide a copy of any
such inspection or audit to Parent upon Parent’s reasonable request. If, during the course of such inspections and audits, Licensee or a Permitted Sublicensee, as applicable, identifies any “unacceptable” or “zero tolerance”
findings, as understood by the rating system used by SpinCo Group or Parent Group in connection with the SpinCo Business immediately prior to the Distribution Date, Licensee will provide its (or its applicable Permitted Sublicensee’s) findings
in writing to Parent promptly (in the case of “unacceptable” findings) or immediately (in the case of “zero tolerance” findings) and implement corrective action plans in accordance with the process described in
Section 3.2(d). Licensee shall re-inspect or re-audit to confirm the corrective action has been effectively implemented. Notwithstanding the
foregoing, if Licensee or any Permitted Sublicensee, as applicable, identifies any “zero tolerance” findings, any such corrective action plans must be initiated immediately and such findings resolved without delay. Any Vendor, Permitted
Sublicensee or Licensee factory with an “unacceptable” or “zero tolerance” finding shall not ship or produce Licensed Products or components for Licensed Products until the issue(s) raised by the finding(s) is/are fully resolved.
Any Vendor that fails to address unacceptable factory practices, product safety or product quality related issues or any violation of the terms of this Agreement shall be barred from producing Licensed Products or components for Licensed Products
until such issues are addressed. 

  
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	3.6	 Non-conformance. If Parent reasonably believes that any Licensed
Product, any component thereof, or any materials used to advertise, market or promote the Licensed Products do not conform to the Applicable Standards or any other requirement of this Agreement (either during the new product development process or
after the Licensed Product has been Sold), Parent may give notice to Licensee that it desires to meet and discuss its findings with Licensee and have Licensee create (or cause to be created) a corrective action plan. To the extent Licensee’s
corrective action plan is not implemented or is not effective to resolve the identified issue or concern, Licensee will submit to Parent a revised corrective action plan and Parent will have the right to submit questions or concerns in accordance
with Section 3.2(d), and the process outlined in Section 3.2(d) shall apply mutatis mutandis to revised corrective action plans covering
non-conforming Licensed Products. If, notwithstanding the implementation and adoption of corrective action plans in accordance with Section 3.2(d), the applicable Licensed Product
continues not to conform to the Applicable Standards or any other requirement of this Agreement, or if Licensee fails to implement such corrective action plans, then, without prejudice to Parent’s right to terminate the Agreement in accordance
with Article 7, Licensee shall (and shall ensure Permitted Sublicensees) promptly cease manufacturing, Selling, advertising, marketing, promoting, and servicing such non-conforming Licensed Products or
advertising, marketing and promotional materials in connection with the GE Marks. Licensee acknowledges, on behalf of itself and Permitted Sublicensees and Vendors, that any use of the GE Marks during a suspension period in contravention of this
Section 3.6 shall be deemed unauthorized and infringing. 

  

	3.7	 Recalls. Licensee (or a Permitted Sublicensee) shall bear any and all costs related to, and shall be
solely responsible for, any product recall of Licensed Products, whether voluntary or required by a Governmental Authority hereunder. Licensee hereby agrees, on behalf of itself and Permitted Sublicensees, that adequate identification stamping will
be placed on finished Licensed Products to best facilitate any product recall that may be declared. 

  

	3.8	 Vendor Compliance. 

(a) Licensee, on behalf of itself and Permitted Sublicensees, shall provide to Parent once per Contract Year a report which includes:
(i) a true and complete list of each facility used by Licensee, Permitted Sublicensees or Vendors in the manufacture or assembly of Licensed Products identifying the jurisdiction and product(s) manufactured therein and (ii) the designation
of risk for each such facility, to be prepared in accordance with Parent Group’s Supplier Responsibility Governance (“SRG”) Program and EHS risk allocation standards in existence immediately prior to the Distribution Date
(i.e., “Sanctioned,” “Restricted,” “High Risk” or “Low Risk”) or Licensee’s or Permitted Sublicensees’ SRG and EHS risk allocation standards, provided these standards are consistent with those
used by SpinCo Group or Parent Group in connection with the SpinCo Business immediately prior to the Distribution Date. 
 (b) Licensee shall
develop (or cause to be developed) a set of standards and requirements for any Vendor engaged to manufacture or distribute Licensed Products for or on behalf of Licensee or Permitted Sublicensees, which shall be: (i) consistent with the SRG
Program, EHS standards, and the Integrity Guide for Suppliers, Contractors and Consultants used and enforced by SpinCo Group or Parent Group in connection with the SpinCo Business immediately prior to the Distribution Date and (ii) updated from
time to time to reflect evolving industry standards and best practices (collectively, the “Applicable Vendor Standards”). Any such Appliable Vendor Standards shall be submitted in writing to Parent upon any updates to such standards
by Licensee, upon Parent’s reasonable request, or otherwise on an annual basis. 

  
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 (c) Licensee shall (and shall ensure that Permitted Sublicensees): (i) provide Vendors with
the Applicable Vendor Standards and all applicable requirements hereunder; (ii) require Vendors to expressly agree to comply with the Applicable Vendor Standards and all applicable requirements hereunder; and (iii) ensure that Vendors
continually meet or exceed such standards and requirements. Licensee will (and will ensure that Permitted Sublicensees) take all appropriate actions if any Vendor fails to comply with the foregoing, including causing Vendors to undertake necessary
corrective actions or suspending or terminating such Person’s relationship with them. To the extent any Vendor experiences, in Parent’s, Licensee’s or a Permitted Sublicensee’s reasonable determination, significant or consistent
issues with compliance with the Applicable Standards or any applicable requirements hereunder or is operating in a jurisdiction designated as “Sanctioned,” “Restricted” or “High Risk,” Parent may request that Licensee
provide a regular written report to the Parent (in a form reasonably acceptable to Parent) detailing the compliance issues of such Vendor, the steps taken by Vendor to accomplish any agreed-upon corrective action plan and an assessment of such
Vendor’s progress to fulfill such corrective action plan. 
 (d) Licensee will (and will ensure that Permitted Sublicensees) procure and
maintain on file its legally required certifications and those from all Vendors (for all their respective manufacturing sites) attesting to their compliance with the Applicable Vendor Standards. Licensee hereby agrees, on behalf of itself and
Permitted Sublicensees, that no Vendor shall produce any Licensed Products, or any components used in Licensed Products, in any facility in any country that is subject to sanctions by any Governmental Authority or any Law, absent Parent approval.
With respect to any country that was subject to sanctions and subsequently has all such sanctions removed, Parent shall determine, in its reasonable discretion, whether Licensed Products may be produced in such country. 

 

	3.9	 Parent Review/Approvals; Regulatory Compliance. Notwithstanding anything to the contrary herein, in no
event will Parent be liable or responsible for, or bear any obligation or liability with respect to, Licensee’s, its Permitted Sublicensees’ or their respective Vendors’ compliance with regulatory requirements or applicable Laws,
including with respect to corrective actions or responses to any product safety issues, product quality issues or product recalls, it being understood and agreed that compliance with regulatory requirements and all applicable Laws with respect to
any Licensed Products shall be the sole responsibility of Licensee, its Permitted Sublicensees and their respective Vendors, as applicable. Where Parent reviews, comments on or approves any activity, document or product under this Agreement, or
makes any judgment or determination with respect to the Licensed Products (including with respect to the quality or safety thereof), it does so for its benefit only and without limiting any obligation or responsibility of Licensee, its Permitted
Sublicensees or their respective Vendors with respect thereto. Without limiting the provisions of Section 10.6, no third-party beneficiary rights to consumers, users, purchasers or others are intended by this Article
3. No waiver or renunciation of any performance requirement or product liability of Licensee, Permitted Sublicensees and Vendors may be implied by such review, comments or approval. Furthermore, no right granted to Parent with respect to review,
comments or approval in this Article 3 shall impose a duty or obligation on Parent to review or approve or otherwise engage in Licensee’s, or its Permitted Sublicensee’s or Vendors’, obligations described in this Article
3. 

  
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	4.	 MARKETING AND COMMUNICATIONS MEETINGS 

 

	4.1	 Marketing and Communications Meetings. Promptly following the Distribution Date, and in any event, no
more than three (3) months following the Distribution Date, and once per Reporting Period thereafter, the Parties will meet to review the status of the marketing, communications and sales strategies for the Licensed Products and discuss any
proposals for significant updates or changes to such strategies, which shall be subject to Parent’s prior approval in accordance with Section 4.2 (such meetings, the “Marketing Meetings” and such
strategies, the “Approved Marketing Strategies”). Until the initial Marketing Meeting, Licensee shall (and shall ensure Permitted Sublicensees) continue to implement marketing, communications and sales strategies for the Licensed
Products in a manner consistent with past practices and policies of the SpinCo Group or Parent Group in connection with the SpinCo Business (excluding any Former SpinCo Business) immediately prior to the Distribution Date. Prior to each Marketing
Meeting, Licensee will deliver to Parent an outline for such Marketing Meeting covering topics in a form substantially similar to the meeting agenda outlined in Attachment 3 (the “Marketing Meeting Outline”).

  

	4.2	 Approval of Marketing Strategies. Parent shall have the right to approve how the GE Marks are proposed
to be used and depicted in accordance with the Approved Marketing Strategies, including with respect to any significant updates or changes to the Approved Marketing Strategies proposed by Licensee at the Marketing Meetings. Parent will endeavor to
provide a written response to or submit follow-up questions regarding each proposed significant update or change to the Approved Marketing Strategies within ten (10) Business Days of submission at the
applicable Marketing Meeting; provided, however, that any failure of Parent to respond or render a decision within such ten (10) Business Day period shall not be deemed to be an approval by Parent and Licensee shall continue to follow-up with Parent until such time as Parent has provided written approval of the applicable submission. If Parent has failed to respond or render a decision within such ten (10) Business Day period,
Licensee shall give notice to Parent, and Parent agrees that, within ten (10) Business Days of Parent’s receipt of such notice, Parent will deliver its response or it will make available one of its employees or representatives to discuss
Parent’s response. If Parent provides notice that such submission is unsatisfactory, contemporaneously with providing notice of disapproval, Parent shall state the reasons for its disapproval and provide guidance on how such proposed
significant update or change to the Approved Marketing Strategies might be approved, and the Parties will make available, as necessary, one or more senior employees or representatives to facilitate such resolution. To the extent Licensee or any
Permitted Sublicensee desires to significantly change or update the Approved Marketing Strategies at any time other than the Marketing Meetings, Licensee may contact the Parent for consideration of such changes or updates, upon reasonable notice.
Licensee shall (and shall ensure Permitted Sublicensees) use all commercially reasonable efforts necessary to implement the Approved Marketing Strategies, and any significant updates or changes thereto, approved by Parent. 

  
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	5.	 OWNERSHIP AND USE OF THE MARK AND RELATED REQUIREMENTS 

 

	5.1	 Ownership. 

(a) Licensee, on behalf of itself and Permitted Sublicensees, admits the validity, and Parent’s exclusive ownership, of the GE Marks and
agree that any and all goodwill, rights or interests that might be acquired by the use of the GE Marks by Licensee or any Permitted Sublicensee shall inure to the sole benefit of Parent. If Licensee or any Permitted Sublicensee obtains any rights or
interests in the GE Marks, Licensee hereby transfers (and agrees to ensure each Permitted Sublicensee hereby transfers), and shall execute (and agrees to ensure each Permitted Sublicensee executes) upon request by Parent any additional documents or
instruments necessary or desirable to transfer, all such rights or interests to Parent and its Affiliates. Licensee admits and agrees that, as between Parent and Licensee, Licensee has been extended only a mere permissive right to use the GE Marks
as provided in this Agreement, which right is not coupled with any ownership interest. 
 (b) Parent retains the sole right to protect in its
sole discretion the GE Marks, including deciding whether and how to file and prosecute applications to register the GE Marks, whether to abandon such applications or registrations, and whether to discontinue payment of any maintenance or renewal
fees with respect to any such registrations. Parent will own all right, title and interest in, to and under any and all registrations and applications for registration of the GE Marks, whether filed before or after the Distribution Date. 

(c) Notwithstanding Section 5.1(b), if and to the extent Licensee desires to seek registration for any new Trademarks
that contain or are confusingly similar to the GE Marks or maintain any GE Marks that Parent in its sole discretion has decided to abandon or for which Parent has decided to discontinue payment of any maintenance or renewal fees, Licensee may seek
Parent’s approval to maintain such GE Marks or seek registration for such new Trademarks, which shall be provided in Parent’s sole discretion. To the extent Parent approves Licensee’s request to maintain such GE Marks or seek
registration for such new Trademarks, the costs and expenses for such prosecution, registration or maintenance shall be borne solely by Licensee. 
  

	5.2	 Review and Approval of Materials by Parent. 

(a) The Parties shall cooperate to establish a mutually agreed-upon brand and advertising review process to enable Parent to work
collaboratively with Licensee in the development and approval of materials under this Agreement and to ensure that all such materials comply with the Usage Guidelines and the terms of this Agreement. The process will include meetings at least once
per Reporting Period and may be combined with Marketing Meetings, and such other meetings at such other times or on such other intervals as the Parties may mutually agree. 

(b) Licensee may submit any materials to be used by Licensee or any Permitted Sublicensee bearing the GE Marks (e.g., business cards,
letterhead, public relations releases, trade show displays) to Parent for confirmation that such materials are complaint with the Usage Guidelines and the terms of this Agreement. Parent will endeavor to provide a written response to or submit follow-up questions regarding any materials submitted for review within ten (10) Business Days of its receipt thereof; provided, however, that any failure of Parent to respond or render a decision
within such ten 

  
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(10) Business Day period shall not be deemed to be an approval by Parent and Licensee shall continue to follow-up with Parent until such time as
Parent has provided written approval of the applicable submission. If Parent has failed to respond or render a decision within such ten (10) Business Day period, Licensee shall give notice to Parent, and Parent agrees that, within ten
(10) Business Days of Parent’s receipt of such notice, Parent will deliver its response or it will make available one of its employees or representatives to discuss Parent’s response. If Parent provides notice that such submission is
unsatisfactory, contemporaneously with providing notice of disapproval, Parent shall state the reasons for its disapproval and provide guidance on how such submission might be approved, and the Parties will make available, as necessary, one or more
senior employees or representatives to facilitate such resolution. 
 (c) Except as provided above or as otherwise approved by Parent, all
materials shall be sent to Parent in the manner provided in Section 10.3. If Parent requests changes to previously approved materials (e.g., due to changes in the Usage Guidelines), Licensee shall (and shall ensure
Permitted Sublicensees) promptly make such changes, provided, that Licensee (and Permitted Sublicensees) shall be allowed to continue to distribute such materials then existing in inventory. 

 

	5.3	 Use of GE Marks and Trademark Notations. Licensee shall (and shall ensure Permitted Sublicensees) use
the GE Marks on each Licensed Product in the same manner as the approved pre-production or production samples or in such manner reasonably specified by Parent in writing. All Marketing, advertising,
promotional, user manuals, and packaging materials created after the Distribution Date for Licensed Products shall bear the marking: “GE is a trademark of General Electric Company. Manufactured under trademark license,” or such other
reasonable marking as Parent shall direct from time to time or as otherwise approved by Parent. Licensee shall (and shall ensure Permitted Sublicensees) comply with all applicable Laws pertaining to the GE Marks, including those pertaining to the
proper use and designation of GE Marks and pertaining to the Sale, advertising, marketing and promotion of Licensed Products. In addition, all Licensed Products shall be marked as required by local Law and the Usage Guidelines. Licensee shall (and
shall ensure Permitted Sublicensees) begin adding any additional or revised markings directed by Parent under this Section 5.3 within a reasonable period of time following notice from Parent. Any use of the GE Marks not
specifically provided for by the Usage Guidelines (including any uses not contemplated by the Usage Guidelines, any uses in contravention of the Usage Guidelines and any clarifications of the Usage Guidelines) shall be adopted by Licensee and
Permitted Sublicensees only upon prior written approval by Parent. 

  

	5.4	 Changes to GE Marks. If Parent requests changes (e.g., due to changes in the Usage Guidelines) to
previously-approved materials bearing the GE Marks (e.g., signage, fleet vehicles, packaging, instruction manuals, business cards, letterhead, advertising, display, product insert, promotional materials, or the like), Licensee shall (and
shall ensure Permitted Sublicensees) promptly implement the change as soon as reasonably practicable following the effective date of such change but no later the timeframe mutually agreed upon between the Parties, and Licensee shall be allowed to
continue (and to permit Permitted Sublicensees to continue) to distribute such materials then existing in inventory during such period but not any new materials, unless otherwise approved in writing by Parent. 

  
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	5.5	 Compliance Matters With Respect To Marketing Materials. 

(a) Licensee, on behalf of itself and each Permitted Sublicensee, represents, warrants and covenants that it and each Permitted Sublicensee
has, and will have at all relevant times, all rights, title and interest (whether by ownership or through a valid license) necessary to use, display and distribute all advertising, displays, product inserts, packaging, promotional copy, and other
materials associated with the Licensed Products. All new advertising, displays, product inserts, packaging, promotional copy, and other materials associated with the Licensed Products created by Licensee or any Permitted Sublicensee for any
jurisdiction regardless of the media type will: (A) comply in all respects (1) with all Parent requirements that are described or referenced in, or arise out of, this Agreement, and (2) with applicable Laws, including those Laws
regarding Intellectual Property and Trademarks, and unfair competition; (B) not infringe, misappropriate, dilute or otherwise violate the Intellectual Property or Trademarks of any third party; (C) not violate the rights of publicity or
privacy of any third party; or (D) not contain false or misleading representations or claims. 
 (b) Licensee, on behalf of itself and
each Permitted Sublicensees, represents, warrants and covenants that: 
 (i) Licensee and each Permitted Sublicensee has, and
will have at all relevant times, all rights and approvals (whether by ownership or through a valid license) necessary to use any Trademarks that Licensee or such Permitted Sublicensee uses on or in connection with a Licensed Product or any
advertising, displays, product inserts, packaging, promotional copy, or other materials associated with the Licensed Products; 

(ii) prior to the adoption and use of any new Trademark on or in connection with a Licensed Product, Licensee shall (and shall
ensure Permitted Sublicensees) conduct appropriate legal due diligence for clearance to use the Trademark in the applicable jurisdictions, including obtaining a full search and associated legal opinion in accordance with the customary practice in
each jurisdiction and upon Parent’s request, Licensee, on behalf of itself and Permitted Sublicensees, shall provide the search, legal opinion, other clearance materials or a summary thereof to Parent; 

(iii) any new Trademark used on or in connection with a Licensed Product or otherwise used in the SpinCo Business shall be
shared for Parent’s review for compliance with the terms of this Agreement, with Parent at least once per Reporting Period; and 

(iv) any new Trademark used on or in connection with a Licensed Product shall not be or contain, or be confusingly similar to,
any Trademarks owned or used by Parent or its third-party licensees (other than the GE Marks in accordance with Section 5.1(c) of this Agreement). 

  
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	5.6	 Internet Sales. Licensee may (and may permit Permitted Sublicensees to) display, advertise, promote,
market or sell the Licensed Products on or in connection with the Internet, provided, that Licensee and each Permitted Sublicensee strictly adheres to the terms of this Agreement in connection therewith, including the following:

 (a) Except with respect to the GE Domain Names and as described in Section 5.6(c), the GE
Marks shall neither be used in Licensee’s or any Permitted Sublicensees’ website’s name nor as part (or whole) of the Domain Names relating to Licensee’s or any Permitted Sublicensees’ website or any other website controlled
by Licensee or any Permitted Sublicensee, nor any social media/website username/handle registered by Licensee or any Permitted Sublicensee, unless otherwise approved by Parent in writing. 

(b) Licensee shall (and shall ensure each Permitted Sublicensee does) not knowingly link web pages featuring the GE Marks or the Licensed
Products to any other Parent-owned website(s) in a manner which suggests that Parent is the manufacturer or provider of the Licensed Products, unless Licensee has obtained prior written approval from Parent for use of such link. 

(c) Licensee, on behalf of itself and Permitted Sublicensees, shall obtain prior written approval from Parent for any new Domain Names or
social media/website usernames/handles using the GE Marks; provided, that Licensee may reserve or register any such Domain Name or social media/website username/handle prior to receiving approval from Parent as long as Licensee promptly
relinquishes its control of the same if subsequent approval is not granted. 
 (d) The Parties shall work together in good faith to develop
reasonable processes around coordination of their respective online customer care efforts (including the manner and timing of responses to customers, particularly where one Party receives inquiries or complaints from customers about products of the
other Party). All customer support centers, service centers, and Internet sites shall be established and operated in strict compliance with the Data Privacy Guidelines, shall require Parent approval prior to operation, and Licensee shall pay all
costs and expenses related to the creation and maintenance thereof. 
 (e) Licensee shall (and shall ensure Permitted Sublicensees) conduct
all Internet activities consistent with the equity of the GE Marks and in accordance with all terms, and subject to all conditions, set forth in this Agreement, including the Usage Guidelines. 

 

	5.7	 Obligations of Licensee. Licensee shall (and shall ensure that each Permitted Sublicensee does) not:

 (a) Alter the GE Marks in any manner, including proportions, colors or elements, except as permitted in accordance with
the Usage Guidelines; or animate, morph or otherwise distort its perspective or two-dimensional appearance; 

(b) Use the GE Marks in any manner, conduct itself or otherwise commit any acts or engage in any conduct that (i) disparages Parent or any
of its Affiliates, or any of their respective products or services, (ii) infringes any of Parent’s or its Affiliates’ Intellectual Property or Trademark rights, or (iii) violates any applicable Law; 

(c) Sell the Licensed Products in connection with deeply discounted or liquidation programs, without the prior written approval of Parent; 

  
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 (d) Use, or permit the use of, Trademarks upon Licensed Products or the packaging, labeling,
promotional or advertising materials therefor, except as expressly authorized or approved by Parent in accordance with this Agreement except as expressly authorized or approved by Parent in accordance with this Agreement (as contemplated in
Section 5.5(b)); 
 (e) Include, or permit the inclusion of, any third party’s name or Trademarks in
combination with the name of Parent or the GE Marks in advertising, display, product inserts, packaging, promotional copy, or other associated materials or on the Licensed Products, in each case, in a manner that would suggest co-branding, co-marketing or a similar relationship, except as expressly authorized or approved by Parent in accordance with this Agreement; 

(f) Except as permitted in accordance with Sections 2.2, 2.3 or 7.3(b), use the GE Marks or translations thereof, or marks
confusingly similar thereto, as part of its trade name, corporate name, registered name, fictitious name, assumed name, doing business as name or legal entity name. 

(g) Use the GE Marks, other than as permitted by the rights and licenses granted in Article 2, including with other products, or in any
manner that implies or suggests an association with the Licensed Products or the sponsorship or endorsement of Licensee or any Permitted Sublicensee or their products by Parent; 

(h) Except as permitted in accordance with Attachment 1, use the GE Marks or the
letters “GE” (except as the combination of a consonant and a vowel in a word) as a feature or design element of any other logo, name or Trademark; 

(i) Except with Parent’s prior written consent, register, seek to register, use, or display the GE Marks in such a way as to create the
impression that the GE Marks belong to Licensee or a Permitted Sublicensee; 
 (j) Use the GE Marks or any other Trademarks in a manner that
suggests that the products or services associated with the GE Marks are not the highest tier of offerings, by quality and value, of products or services for Licensee or any of its Affiliates; 

(k) Make unlicensed use, or apply for registration, of a Trademark confusingly similar to the GE Marks; or 

(l) Knowingly infringe third-party Intellectual Property or Trademark rights by the sale of Licensed Products. 

 

	5.8	 Brand Equity. 

(a) Licensee shall conduct (and shall ensure each Permitted Sublicensee conducts) its business in a manner that will reflect positively upon
the GE Marks. 
 (b) Licensee will (and will ensure Permitted Sublicensees) use their commercially reasonable efforts to: (a) position
Licensed Products with consumers and customers in a manner consistent with their relative product positioning in the relevant marketplace as of immediately prior to the Distribution Date; and (b) materially maintain, or enhance, the relative
product positioning in the relevant marketplace as that marketplace may evolve in the future. Licensee will use (and will ensure each Permitted Sublicensee uses) its commercially reasonable efforts to position the Licensed Products with its
customers in a manner consistent with this Section 5.8. 

  
 28 

 (c) Licensee shall participate, at Parent’s request, in an annual meeting with Parent
to discuss the Parties’ shared vision and goals for the GE Marks and brand. 
  

	5.9	 Assistance in Protecting the GE Marks. Licensee shall (and shall ensure Permitted Sublicensees) assist
Parent and promptly supply all information Parent may reasonably request in procuring or renewing registrations, registration of licenses required by Law (including local Law), entry of Licensee as a registered or authorized user of the GE Marks,
and other actions for the maintenance, enforcement and protection of the GE Marks and protecting Parent’s and its Affiliates’ rights therein (including information concerning sales and other dispositions of products and services that are
required in connection with the foregoing). Licensee hereby agrees to (and to ensure Permitted Sublicensees) fully cooperate with Parent in the requested filings and the prosecution of Trademarks that Parent may desire to file, and in the conduct of
litigation relating to the GE Marks. Licensee shall, on behalf of itself and Permitted Sublicensees, supply to Parent such samples, containers, labels, sales information, sample invoices and similar material and, upon Parent’s request and shall
procure evidence, give testimony, and cooperate with Parent as may reasonably be required in connection with such application or litigation. 

  

	5.10	 Foreign Registration of the GE Marks. At Licensee’s request, Parent agrees to use
commercially reasonable efforts, in its reasonable judgment, to obtain Trademark registrations for the GE Marks in countries or jurisdictions in which Parent determines a commercially viable market for Licensed Products exists or can be developed.
To the extent any applications for such registrations face opposition or any other appeals are necessary to achieve registrations, the Parties shall confer on the viability of such applications. To the extent Licensee desires to proceed with such
applications, but Parent does not, any costs associated or related to such registrations shall be borne by Licensee. Notwithstanding anything to the contrary in Article 2, neither Licensee nor any Permitted Sublicensee may use the GE
Marks, and no particular Licensed Product may be manufactured, exported, imported, packaged, displayed, sold, marketed, advertised, promoted, distributed, delivered, performed or provided (i) in any jurisdiction where the GE Marks have not been
registered in the relevant trademark class(es) for Licensed Products, until an appropriate trademark search has been conducted and an application to register the particular GE Mark in the relevant trademark class(es) for Licensed Products has been
filed in such jurisdiction, or Parent determines in good faith on the advice of its trademark counsel that (a) it would be preferable not to seek to register such GE Mark in such jurisdiction but that there is no material impediment to the use
of such GE Mark therein or (b) use of such GE Mark without registration is not likely to adversely affect Parent’s and its Affiliates’ rights in, to or under such GE Mark in such jurisdiction, and (ii) in a jurisdiction where
entry of Licensee or a Permitted Sublicensee as registered or authorized users is required by Law, prior to the execution of an appropriate registered user agreement or similar agreement and the filing thereof with the appropriate Governmental
Authority. In the event that Licensee or a Permitted Sublicensee desires to manufacture, export, import, package, display, sell, market, advertise, promote, distribute, deliver, perform or provide any Licensed Product under a GE Mark in any
jurisdiction where such GE Mark has not been 

  
 29 

	 	
registered in the relevant trademark class(es), Licensee shall provide prior written notice thereof to Parent and Licensee shall pay all reasonable, preapproved, documented costs for the
trademark search and for any application to register such GE Mark in such jurisdiction. Not in limitation of the foregoing or Parent’s and its Affiliates’ rights hereunder (including in accordance with Articles 7, 8 and
9), in the event that Parent determines that Licensee or a Permitted Sublicensee is using the GE Marks in a jurisdiction where such GE Marks are not registered in the appropriate trademark class(es) for Licensed Products, Parent in its sole
discretion shall have the option to require such registration at Licensee’s expense. Parent will own all right, title and interest in, to and under any and all registrations and applications for registration of the GE Marks, whether filed
before or after the Distribution Date. 

  

	5.11	 Notice of Third-Party Infringements by Licensed Products. Licensee, on behalf of itself and Permitted
Sublicensees, shall promptly notify Parent of all claims by third parties made against or to Licensee or any Permitted Sublicensee involving alleged infringement by the Licensed Products of such third parties’ Intellectual Property or Trademark
rights of which it becomes aware. 

  

	5.12	 Third Party Infringements of GE Marks. 

(a) Licensee, on behalf of itself and each Permitted Sublicensee, shall promptly notify Parent in writing of all (i) counterfeit goods,
parallel imports or gray good issues relating to products or services in the same or similar categories as the Licensed Products using the GE Marks or marks or designs confusingly similar to the GE Marks or (ii) disputes or issues relating to
or otherwise implicating the GE Marks with distributors, Vendors, Permitted Sublicensees or other Persons, in each case, as they relate to the Licensed Products, of which it becomes aware. With respect to any such claims or allegations, upon
Parent’s prior written approval, to be provided in Parent’s sole discretion, Licensee shall have the right to make demands or claims, institute suit, give notices, or take action on account of such disputes, issues or infringements;
provided, however, that Parent shall be permitted to participate and provide input with respect to such matters, and Licensee must obtain prior written approval from Parent, to be provided in Parent’s sole discretion, prior to
settling or otherwise resolving any such matters. Licensee shall be solely responsible for all reasonable expenses, legal fees, and costs incurred in connection with such matters and Licensee shall be entitled to all sums recovered from others as a
result of such matters. If Licensee decides not to take action against an infringer or violator with respect to such matters, Parent may pursue such enforcement on its own at its sole cost and expense, in which case, Parent will be entitled to all
sums recovered from others as a result of such matters. Licensee hereby agrees to (and to ensure Permitted Sublicensees) reasonably cooperate in such matters, including providing relevant records and documentation, making employees available, or
providing other evidence or support as requested by Parent. 
 (b) Licensee, on behalf of itself and each Permitted Sublicensee, shall
promptly notify Parent in writing of all (i) counterfeit goods, parallel imports or gray good issues relating to products or services using the GE Marks or marks or designs confusingly similar to the GE Marks as they relate to products or
services that are not in the same or similar categories as the Licensed Products, (ii) third-party infringements of, or unlicensed use of, marks or designs confusingly similar to the GE Marks, (iii) ordinary course enforcement actions
(e.g., oppositions, cancellations, cease and desist letters, 

  
 30 

 
domain name issues) concerning the GE Marks or any Marks confusingly similar thereto, or (iv) other enforcement actions or infringement issues concerning the GE Marks of which it or any
Permitted Sublicensee becomes aware. With respect to any such claims or allegations, Parent shall have the right to make demands or claims, institute suit, give notices, effect settlements, or take action on account of such disputes, issues or
infringements and to determine whether or not action shall be taken due to or against such disputes, issues or infringements or to otherwise terminate such disputes, issues or infringements; provided, however, that Licensee hereby
agrees to (and to ensure Permitted Sublicensees) reasonably cooperate in such matters (including providing relevant records and documentation, making employees available, or providing other evidence or support as requested by Parent) and shall be
permitted to participate and provide input with respect to such matters to the extent such matters impact the SpinCo Business. Parent shall be solely responsible for all reasonable expenses, legal fees, and costs incurred by Parent in connection
with such matters and Parent will be entitled to all sums recovered from others as a result of such matters. If Parent decides not to take action against an infringer or violator with respect to such matters, Licensee may, upon Parent’s prior
written approval, to be provided in Parent’s sole discretion, pursue such enforcement on its own at its sole cost and expense, in which case, Licensee will be entitled to all sums recovered from others as a result of such matters. Parent shall
be permitted to participate and provide input in such matters, and Licensee must obtain prior written approval from Parent, to be provided in Parent’s sole discretion, prior to settling or otherwise resolving any such matters. 

 

	5.13	 Implementation. To the extent not previously implemented in the conduct of the SpinCo Business
immediately prior to the Distribution Date, requirements with respect to use of the GE Marks contained in the Usage Guidelines or other provisions of this Agreement shall be fully implemented by Licensee and each Permitted Sublicensee as soon as
reasonably practicable following the Distribution Date. 

  

	5.14	 Modification Due to Third-Party Claims. The Parties understand that Parent, its Affiliates, and their
respective authorized dealers use the GE Marks to advance and promote Parent equipment and other product and service sales, and that Parent has a paramount obligation to preserve its ability to so use such GE Marks. Should Parent’s trademark
counsel render a legal opinion that concludes that use of the GE Marks becomes threatened as a result of a claim by a third party or any applicable Law, then Licensee shall (and shall ensure each Permitted Sublicensee does) use commercially
reasonable efforts (taking into consideration among other things any adverse impact or consequences that might arise from Licensee’s and Permitted Sublicensees’ continued use of the GE Marks) to cease use of the GE Marks upon notice from
Parent to Licensee. Licensee shall (and shall ensure Permitted Sublicensees) comply fully and promptly with all guidelines provided to Licensee from time to time by Parent for the purpose of distinguishing Parent’s Trademarks and preventing
confusion between itself and another entity. In addition, in the event of any such opinion, Parent’s and Licensee’s respective trademark counsel shall negotiate in good faith an amendment to this Agreement that modifies this Agreement only
to the extent reasonably necessary to address the legal issue arising out of such third-party claim or Law. In the event that, as a result of such amendment, Licensee or any Permitted Sublicensee has Licensed Products that it cannot sell, Licensee
or the applicable Permitted Sublicensee shall be permitted to remove the GE Marks and all other Parent-identifying information (subject to applicable Law) and dispose of such inventory in a commercially reasonable manner. 

  
 31 

	5.15	 Territorial Restrictions. Licensee hereby agrees not to exercise any rights granted to it under this
Agreement (and agrees to ensure that Permitted Sublicensees do not exercise any sublicense granted to it as permitted under this Agreement) with respect to countries, territories or jurisdictions falling into any of the following categories at any
given time: (a) under applicable Law, Licensee or its Affiliates are not permitted to conduct business in such country, territory or jurisdiction, (b) under applicable Law, Parent is not permitted to conduct business in such country,
territory or jurisdiction, and (c) to the extent that Parent makes a policy determination that it and its Affiliates shall cease doing business in a country, territory or jurisdiction; provided, that in the case of this clause (c), (x)
Parent makes a policy determination with respect to the activities of its business units and Affiliates as a whole and not in a manner intended to discriminate against or disproportionately burden Licensee and Permitted Sublicensees, and
(y) Parent shall provide Licensee with reasonable notice to enable Licensee and each Permitted Sublicensee to transition its cessation of the manufacture, import, marketing, sale or provision of Licensed Products in such countries, territories
or jurisdictions, but at a minimum the same amount of time as Parent has provided to its own business units and Affiliates for such a transition in those countries, territories or jurisdictions. Notwithstanding the foregoing, Licensee, on behalf of
itself or any Permitted Sublicensee, may request that Parent grant approval for certain exception(s) to the countries, territories or jurisdictions excluded above, solely for the purpose of providing humanitarian aid and related services and
products to such countries, such approval not to be unreasonably withheld or denied by Parent. 

  

	5.16	 Cyber Security Concerns and Product Security Vulnerabilities. Licensee shall (and shall ensure Permitted
Sublicensees) implement and maintain a vulnerability management program (in each case, consistent with best industry practices in effect as of the applicable time) for any publicly accessible website or web portal bearing any GE Mark or any Licensed
Product. Any vulnerabilities identified by Licensee or any Permitted Sublicensee through its applicable program, by a third party, or by Parent shall be remediated in accordance with best industry practices at the time such vulnerability is
identified. Any material vulnerabilities or related concerns identified by Licensee or any Permitted Sublicensee through its applicable program, or by a third party, shall be reported to Parent in accordance with
Section 3.2. Licensee (or a Permitted Sublicensee) shall bear any and all costs for all such remediation. Parent reserves the right to conduct an audit, upon thirty (30) days’ advance notice to Licensee to ensure
compliance with this Section 5.16. 

  

	6.	 FEES, ROYALTIES, REPORTS, RECORDS 

 

	6.1	 Annual Assessment. During the Term and any Grace Period, Licensee shall pay to Parent an annual
assessment of [***] (the “Annual Fee”). Such payments will be made in quarterly installments of [***] no later than the twenty-fifth (25th) day following the end of each
Reporting Period and the end of the Grace Period (in each case, pro-rated, as applicable, to the extent the final Reporting Period or the Grace Period ends prior to the end of the applicable calendar quarter).

  
 32 

	6.2	 Royalties on New Licensed Products. During the Term and any Grace Period, Licensee shall pay to
Parent Earned Royalties equal to the applicable rate(s) negotiated between the Parties in good faith, in accordance with Section 2.1(b), of Net Sales of all New Licensed Products Sold during a Reporting Period. Such
payments will be made no later than the twenty-fifth (25th) day following the end of each Reporting Period and the end of the Grace Period. For the avoidance of doubt, such Earned Royalties
shall be payable to Parent in addition to, and not in replace of, the Annual Fee. 

  

	6.3	 Taxes. 

(a) Licensee shall bear any and all Taxes or other charges of any kind imposed by any Governmental Authority (and any related interest and
penalties) on or in respect of, or payable by Licensee with respect to, any amount payable by Licensee in accordance with this Agreement. 

(b) If any withholding or deduction from any payment under this Agreement by Licensee is required in respect of any Taxes or other charges of
any kind imposed by any Governmental Authority in accordance with any applicable Law, Licensee will: (i) gross up the amount payable such that the Parent receives an amount equal to the amount that Parent would be entitled to receive under this
Agreement absent any withholding or deduction in respect of such payment, (ii) deduct such Tax or charge from the amount payable to Parent; (iii) timely pay such Tax or charge to the relevant Governmental Authority; and (iv) promptly
provide Parent with original receipts or other documentation satisfactory to Parent in respect thereof evidencing such payments to the relevant Governmental Authority. The Parties agree to reasonably work together to minimize Taxes and to provide
each other with all reasonably necessary original receipts. 
  

	6.4	 Currency and Exchange Rates. All amounts due under this Agreement shall be denominated, reported, and
paid in United States dollars. Where a country or jurisdiction restricts repatriation of United States dollars, fees and royalties will continue to accrue until paid. The royalty on Net Sales in currencies other than United States dollars shall be
calculated using the appropriate foreign exchange rate for such currency published in the Wall Street Journal (or such other reasonable source as may be mutually agreed by the Parties if the Wall Street Journal no longer exists, no longer publishes
such rate, or is no longer a leading source for such information) on the first (1st) banking day following each corresponding Reporting Period. 

 

	6.5	 Quarterly Financial Reports. By the twenty-fifth (25th) day following the end of each Reporting Period
during the Term and the end of any Grace Period, Licensee shall send to Parent a single, electronic, full and accurate report (“Financial Report”), certified by the Chief Financial Officer of Licensee or his or her designee,
detailing, among other items, Net Sales of each of the New Licensed Products Sold by or on behalf of Licensee and all Affiliates of Licensee during the Reporting Period, including the breakdown of sales by country. The Financial Report shall
constitute a completed royalty report form, including a breakdown of sales by country, New Licensed Product and Licensee/Affiliate, provided or approved by Parent from time to time. Such Financial Report shall be rendered at the times specified,
whether or not Licensee or any Affiliate has Sold any New Licensed Product during the Reporting Period or whether any Earned Royalty is due under the terms of Section 6.2. At the time of sending each Financial Report
hereunder, Licensee shall calculate the Earned Royalty for the Reporting Period, if any, and remit to Parent in full such Earned Royalty. 

  
 33 

	6.6	 Payment Method. All payments shall be made by wire transfer to Parent as specified below or in the
manner otherwise specified by Parent in writing. 

  

					
		  	Wire Transfer Information
			
		  	Account Title:	  	[•]
		  	Bank Name:	  	[•]
		  	Account Number:	  	[•]
		  	Treasury Code:	  	[•]
	    	  	Swift Code:	  	[•]
		  	ABA#:	  	[•]

  

	6.7	 Late Payment Charge. Except with respect to any portion of Earned Royalties that is reasonably in
dispute, a late payment charge of one percent (1%) per month (i.e., twelve percent (12%) per annum) over the prime rate (as published in the Wall Street Journal on the fifteenth
(15th) day of the month when such funds were due) shall be payable to Parent on the amount of all payments (including the Annual Fee, all Earned Royalties and any payments due as a result
of a dispute or indemnity obligation) not made when due, from the payment due date until the date payment is received by Parent; provided, that in no circumstances shall the late payment fee required hereunder exceed the highest charge
allowed by applicable Law. All payments shall be made by wire transfer to Parent as specified above or in the manner otherwise specified by Parent in writing. 

 

	6.8	 Report and Record Retention. During the Term and for at least five (5) years following the later of
the Expiration Date and the end of any Grace Period, Licensee shall maintain the Financial Reports, the reports required in Section 3.3, and related books (collectively, “Books and Records”) at a single
point for review (where commercially practical) as are necessary to substantiate that: 

 (a) all reports submitted to
Parent hereunder are true, complete, and accurate; and 
 (b) all Earned Royalties, the Annual Fee and other payments due Parent hereunder
shall have been paid to Parent in accordance with the provisions of this Agreement; and 
 (c) no material payments have been made, directly
or indirectly, by or on behalf of Licensee to or for the benefit of any Parent employee or agent who may reasonably be expected to influence Parent’s decision to enter into this Agreement or the amount to be paid by Licensee under this
Agreement. As used in this sub-Section, “payment” shall include money, property, services, and all other forms of consideration. 

 

	6.9	 Accounting Principles. United States Generally Accepted Accounting Principles (“GAAP”)
or International Financial Reporting Standards (“IFRS”) shall be applied consistently to all transactions under this Agreement as applicable, for calculation of Gross Revenue and Earned Royalties and all Books and Records shall be
maintained in accordance with GAAP or IFRS, consistently applied as applicable, and with all applicable Laws. 

  
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	6.10	 Inspection Rights. Not in limitation of any other rights hereunder, during the Term and for at least
five (5) years following the later of the Expiration Date and the end of any Grace Period, Parent, and its duly authorized representatives (including certified public accountants or Tax advisors) who are bound by an appropriate confidentiality
agreement with Licensee, shall have the right, upon five (5) Business Days’ prior notice, to inspect and audit, and copy any of Licensee’s and its Affiliates’ Books and Records and any other records related to the New Licensed
Products, including records relating to production, inventory, sales, invoices, general ledger and sub-ledgers, accounts receivable, accounts payable, production, shipping, inventory, purchase of production
materials, management reports, warranties, and returns, at all times during regular business hours for the purpose of determining the correctness of the Financial Reports and Earned Royalty payments due under and compliance with the other terms and
conditions of this Agreement. 

  

	6.11	 Deficiencies Revealed by Audit. If the inspection or audit reveals a deficiency of Earned Royalties due
or paid by Licensee to Parent, Licensee shall, within thirty (30) Business Days of receipt of notice to cure the deficiency, make payment to Parent of said deficiency, including the fee and interest terms as provided in Article 6 as
permitted by applicable Law. In addition, if the audit reveals a deficiency of more than five percent (5%) of the Earned Royalties due in any audited period, Licensee shall reimburse Parent for the reasonable audit costs and reasonable
attorneys’ fees and expenses and costs of collection. 

  

	7.	 TERM, RENEWAL AND TERMINATION 

 

	7.1	 Term. Unless terminated or extended as herein provided, this Agreement shall commence immediately upon
the Distribution Date and shall expire as of 11:59 P.M. Eastern Time ten (10) years thereafter (“Initial Term”). This Agreement shall automatically renew for additional ten (10) year periods (each, a “Renewal
Term”), provided, that: (a) none of Licensee or any Permitted Sublicensee is in material breach of this Agreement at the expiration of the Initial Term or the then-current Renewal Term, as applicable, and (b) Licensee (on
behalf of itself and each Permitted Sublicensee) provides reasonable written assurance of its ability to continue to perform its obligations under this Agreement and to maintain the operation of the SpinCo Business (in each case for such Renewal
Term). The “Term” of this Agreement shall be the Initial Term and any Renewal Term. All terms of this Agreement shall remain in full force and effect throughout any Renewal Term and any Grace Period. 

 

	7.2	 Termination of the Agreement. 

(a) Parent shall have the right, without prejudice to any other rights it may have, to terminate this Agreement in whole or, in Parent’s
sole discretion, in part in the event of any of the following events: 
 (i) a Change of Control of Licensee, SpinCo or any
other member of the SpinCo Group that is not a Subsidiary of Licensee without notice to and prior written consent of Parent, with respect to Licensee or such Permitted Sublicensee; any Change of Control Notice; any assignment by Licensee in
violation of Section 10.1; or any attempt of any Permitted Sublicensee to transfer or otherwise assign any sublicense granted under this Agreement; 

  
 35 

 (ii) a Bankruptcy Event with respect to Licensee or any of its Permitted
Sublicensees; 
 (iii) any material breach or violation by Licensee or a Permitted Sublicensee of the terms or conditions of
the Agreement, which Licensee (or such Permitted Sublicensee, as the case may be) fails to cure within ten (10) Business Days after notice to Licensee by Parent (or such longer period as Parent may approve in writing, in Parent’s sole
discretion, in accordance with a written corrective action plan delivered by Licensee to Parent during such initial ten (10) Business Days after such notice to Licensee); provided, that in the event Licensee or a Permitted Sublicensee
breaches or violates any such provisions of the Agreement on three (3) or more occasions in any consecutive twelve (12) month period, such breaches or violations taken together shall constitute a material breach or violation; 

(iv) any failure by Licensee or any Permitted Sublicensee to use any of the GE Marks in commerce for three (3) consecutive
years in any jurisdiction of the Licensed Territory, with respect to such jurisdiction of the Licensed Territory (where “use” of such GE Mark means the bona fide use of such Trademark made in the ordinary course of trade, and not token
use, nominal use, or use made merely to reserve a right in a Trademark); 
 (v) a public announcement by Licensee or a
Permitted Sublicensee of its desire to exit any jurisdiction of the Licensed Territory, in which instance, such termination shall be limited to Licensee or the applicable Permitted Sublicensee for such jurisdiction of the Licensed Territory; 

(vi) Parent demonstrates an actual material adverse impact (or the reasonable likelihood of a material adverse impact to occur)
to the goodwill associated with the GE Marks or the reputation of the Parent Group, in each case, as a result of the rights granted to Licensee hereunder or the exercise of any such rights by Licensee or any Permitted Sublicensee; or 

(vii) Licensee or any Permitted Sublicensee adopts a trade name that is not “GE HealthCare” (whether or not such new
trade name contains a GE Mark) that was not approved by Parent prior to such adoption. 
 (b) In the event that Parent provides notice of any
material breach or violation described in Section 7.2(a)(iii) on three (3) or more occasions in any consecutive twelve (12) month period (whether or not such material breaches or violations have been cured, and
whether or not such material breaches or violations arise from the same or different events or circumstances), Parent shall have the right, without prejudice to other rights it may have, to terminate this Agreement, in whole or in part, immediately
upon written notice to Licensee. 
 (c) Licensee shall notify Parent in writing within five (5) Business Days following the first
announcement of a transaction in respect of a potential Change of Control of Licensee or any Permitted Sublicensee (the “Initial Notice”). Licensee shall further notify Parent in writing not later than two (2) Business Days
prior to the anticipated effective date of a Change of Control (such notice collectively with the Initial Notice, the “Change of Control Notice”). 

  
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 (d) Licensee shall have the right to terminate this Agreement, in whole but not in part, at
any time upon three (3) months’ prior notice to Parent. 
  

	7.3	 Obligations on Expiration and Termination; Survival. 

(a) Upon expiration or full or partial termination of this Agreement: 

(i) all money owed and required to be paid under this Agreement or the terminated portion thereof (as applicable) during the
Term through and including the effective date of such expiration or termination shall become immediately due and payable (and, for the avoidance of doubt, any partial termination shall not reduce the Annual Fee); 

(ii) except as provided in Section 7.3(c), Licensee and each Permitted Sublicensee (or, in the event
of a partial termination, the applicable Permitted Sublicensees) shall immediately discontinue the manufacture, sale, distribution or delivery of all Licensed Products and the use of the GE Marks hereunder in the Licensed Territory; 

(iii) the licenses herein granted shall terminate in their entirety (or, in the event of a partial termination, the applicable
Permitted Sublicensees) and, except as specifically provided for in Section 7.3(b) or 7.3(c), Licensee shall, and shall cause each applicable Permitted Sublicensee and their respective receivers, representatives,
trustees, agents, administrators, successors, or permitted assigns to, immediately cease all use of the GE Marks; 
 (iv)
with respect to the expiration or full termination of the Agreement, all right, title and interest in, to and under all GE Domain Names, and any other Domain Names using the GE Marks owned by Licensee or a Permitted Sublicensee, shall immediately
revert to Parent (or, at Parent’s request, be cancelled by Licensee or the applicable Permitted Sublicensee), and Licensee shall, and shall cause each Permitted Sublicensee, as applicable, to, immediately cease from any further use of such
Domain Names, Licensee hereby assigns (and will ensure each Permitted Sublicensee hereby assigns) to Parent, effective as of the effective date of such expiration or termination, all such right, title and interest in, to and under such Domain Names,
and Licensee hereby agrees to, and agrees to ensure Permitted Sublicensees, perform, execute, acknowledge, and deliver or cause to be performed, executed, acknowledged, and delivered all such further and other acts, instruments, and assurances as
may reasonably be required to carry out such assignment promptly upon termination; 
 (v) with respect to partial termination
of the Agreement in jurisdiction(s) of the Licensed Territory or Licensed Product(s) in accordance with Section 7.2(a)(iv) or 7.2(a)(v), as applicable, all right, title and interest in, to and under the GE Domain
Names that relate to such terminated jurisdiction(s) or Licensed Product(s), as applicable, and any other Domain Names using the GE Marks owned by Licensee or any Permitted Sublicensee that relate to such terminated jurisdiction(s) or Licensed
Product(s), as applicable, shall immediately revert to Parent (or, at Parent’s 

  
 37 

 
request, be cancelled by Licensee or the applicable Permitted Sublicensee), and Licensee shall, and shall cause each Permitted Sublicensee, as applicable, to, immediately cease from any further
use of such Domain Names, Licensee hereby assigns (and will ensure each Permitted Sublicensee hereby assigns) to Parent, effective as of the effective date of such termination, all such right, title and interest in, to and under such Domain Names,
and Licensee hereby agrees to, and agrees to ensure Permitted Sublicensees, perform, execute, acknowledge, and deliver or cause to be performed, executed, acknowledged, and delivered all such further and other acts, instruments, and assurances as
may reasonably be required to carry out such assignment promptly upon termination; and 
 (vi) Parent shall have the option
to repurchase Licensee’s and the Permitted Sublicensees’ (or, in the event of a partial termination, the applicable Permitted Sublicensees) remaining inventory of Licensed Products or components for incorporation into Licensed Products, at
Licensee’s or the applicable Permitted Sublicensees’ (or, in the event of a partial termination, the applicable Permitted Sublicensees) cost as evidenced by invoices or other documentation (with it being understood that no royalty would be
owed on such inventory of New Licensed Products repurchased by Parent). 
 (b) Notwithstanding the foregoing, promptly after expiration or
termination of this Agreement (or if there is a Grace Period, promptly after expiration or termination of the Grace Period), but in any event no later than ten (10) Business Days after such expiration or termination, Licensee shall (and shall
ensure all of its Affiliates) make all filings with any and all offices, agencies and bodies and take all other actions necessary to adopt New Legal Names. Upon receipt of confirmation from the appropriate registry that such name changes have been
effected, Licensee, on behalf of itself and its Affiliates, shall provide Parent with written proof that such name changes have been effected. Licensee shall (and shall ensure all of its Affiliates) use commercially reasonable efforts to adopt New
Legal Names as soon as practicable following the expiration or full or partial termination of this Agreement. In the event that any such Person is unable to obtain regulatory approval necessary to adopt a New Legal Name in a jurisdiction, or is
otherwise unable for regulatory reasons to adopt a New Legal Name in a jurisdiction, Licensee or such Affiliate, as applicable, shall be allowed to continue its use of the applicable corporate name for a transition period mutually agreed-upon by the
Parties not to exceed one (1) year, provided, however, that such Person has demonstrated commercially reasonable efforts to adopt a New Legal Name. 

(c) Upon expiration of this Agreement, Licensee’s termination for convenience of this Agreement in accordance with
Section 7.2(d) or Parent’s termination of this Agreement in accordance with Sections 7.2(a)(iii)-(vii) or 7.2(b), Licensee may make a written request to Parent to allow Licensee and Permitted Sublicensees
to continue sales of Licensed Products in inventory bearing the GE Marks during a Grace Period in accordance with Section 7.4. Upon any such request by Licensee, the Parties shall meet and confer and any such Grace Period
shall be subject to Parent’s prior written approval, which shall not be unreasonably withheld or denied; provided, that any Grace Period following Parent’s termination of this Agreement in accordance with Sections
7.2(a)(iii)-(vii) or 7.2(b), shall not exceed one (1) year. If a Grace Period is approved, all of Parent’s, Licensee’s, any Permitted Sublicensees’ and Vendors’ rights and obligations shall survive until the end
of the Grace Period in accordance with Section 7.4. 

  
 38 

 (d) Upon expiration or termination of this Agreement (or if there is a Grace Period, upon
expiration or termination of the Grace Period), all rights and obligations under this Agreement shall terminate, except that each Party’s obligations under the following Sections shall survive as set forth therein (along with such other
provisions which by their own specific terms are expressly effective thereafter): 
  

					
		 	Article 1	  	(Definitions)
		 	Section 2.5	  	(Reservation of Rights)
		 	Section 3.3	  	(Record-Keeping)
		 	Section 3.5	  	(Inspections and Audits)
		 	Section 3.9	  	(Parent Review/Approvals; Regulatory Compliance)
	    	 	Section 5.1	  	(Ownership)
		 	Section 5.7	  	(Obligations of Licensee)
		 	Section 5.8	  	(Brand Equity)
	        	 	Article 6	  	(Fees, Royalties, Reports, Records)
		 	Article 7	  	(Term, Renewal and Termination)
		 	Article 8	  	(Insurance)
		 	Article 9	  	(Representations, Warranties, and Covenants; Indemnification; Disclaimers)
		 	Article 10	  	(Miscellaneous)

  

	7.4	 Grace Period. If a Grace Period is approved in accordance with Section 7.3(c),
Licensee may (and may permit Permitted Sublicensees to) sell or deliver Licensed Products which are already manufactured and ready for sale prior to the date of termination for a Grace Period, provided: 

(a) Licensee shall (and shall ensure each Permitted Sublicensee) promptly stops all work in progress and not begin to manufacture or have
manufactured any additional Licensed Products after receiving or sending notice of termination; 
 (b) Licensee (on behalf of itself and each
Permitted Sublicensee) promptly gives Parent a listing of remaining inventory of Licensed Products; 
 (c) all payments then due are first
made to Parent; 
 (d) such sales are in accordance with the terms of this Agreement; 

(e) to the extent legally permissible, Licensed Products shall not be included in bankruptcy auctions; and 

(f) reports and payments with respect to that Grace Period are made in accordance with this Agreement. 

All final reports and payments shall be made within thirty (30) days after the end of the Grace Period. Upon expiration of said Grace Period, and
notwithstanding contractual obligations of Licensee or Permitted Sublicensees to third parties, all remaining inventory of Licensed Products, including all components thereof that bear the GE Marks shall be, at Licensee’s election, either
rebranded/rebadged to remove the GE Marks, sold to Parent at Licensee’s or the applicable Permitted Sublicensee’s cost (if Parent desires to purchase such inventory) or destroyed (except as otherwise required by

  
 39 

 
applicable Law) with evidence of such destruction to be given to Parent. All Licensee and Permitted Sublicensee tooling that is only used to manufacture Licensed Products shall be modified to the
extent necessary so that future products manufactured by such modified tooling shall not be confusingly similar to the Licensed Products. 
  

	7.5	 Adequate Assurances. If concerns arise with respect to Licensee’s, any Permitted Sublicensees’
or any Vendor’s performance of this Agreement, Parent may, but need not, in writing, request adequate assurance of due performance. If Parent does not receive such assurance within thirty (30) days after the date of its written request,
the failure by Licensee to furnish such assurance will constitute a material breach of this Agreement. 

  

	8.	 INSURANCE 

  

	8.1	 Licensee will acquire and maintain (and ensure each Permitted Sublicensee acquires and maintains) at its sole
cost and expense throughout the Term, the following insurance underwritten by insurance companies with a Best’s rating of at least A-/VII, or equivalent, and licensed to do business in the License
Territory (“Required Insurance”): (i) Comprehensive General Liability Insurance, including broad form coverage for product/completed operation liability, personal injury (including bodily injury and death), advertiser’s
liability, and contractual liability, and (ii) cyber liability including coverage for data privacy breach and IT security failure (including unauthorized access/ introduction of virus), naming Parent as an additional insured party.

  

	8.2	 Each coverage shall be primary (irrespective of the existence or coverage of any other policy maintained by any
insured), contain a waiver of subrogation against additional insureds, provide for cross liability, and have limits of $10,000,000 per occurrence and in the aggregate. If coverage is not on an occurrence form, the retro date must precede the
effective date of this Agreement and continuity of cover must be maintained for two (2) years following termination of expiration of this Agreement. 

  

	8.3	 Upon request and at any time, Licensee shall promptly furnish evidence of the Required Insurance to Parent.
Within ten (10) days after the Distribution Date, a certificate or certificates issued by Licensee’s and each Permitted Sublicensee’s insurance company evidencing the Required Insurance shall be submitted to Parent. Licensee shall
provide Parent a minimum of thirty (30) days prior notice, in writing, of any cancellation, non-renewal or material modification in coverage if Licensee’s or any Permitted Sublicensee’s
insurance ceases to comply with the requirements of the Required Insurance. 

  

	9.	 REPRESENTATIONS, WARRANTIES AND COVENANTS; INDEMNIFICATION; DISCLAIMERS 

 

	9.1	 Compliance with Laws. Licensee (on behalf of itself and each Permitted Sublicensee) represents, warrants
and covenants during the Term and any Grace Period that the Licensed Products, and the manufacturing, packaging, marketing, sales, display, distribution and delivery thereof shall meet or exceed the requirements of all applicable Laws, and any
additional requirements imposed by Parent that are described or referenced in, or arise out of, this Agreement, pertaining to such products or activities including those relating to product safety, quality, labeling, environmental waste,

  
 40 

	 	
Intellectual Property and Trademarks. Licensee shall not (and shall ensure that each Permitted Sublicensee does not) manufacture, package, market, display, sell, distribute or deliver any
Licensed Products or cause any Licensed Products to be manufactured, packaged, marketed, displayed, sold, distributed or delivered in material violation of any such applicable Laws, including disposal, environmental and hazardous waste Laws, and any
additional requirements imposed by Parent that are described or referenced in, or arise out of, this Agreement. With respect to the collection, transportation, registration, disposal, recycling or other handling of all Licensed Products and their
component parts, Licensee shall, and shall cause all Permitted Sublicensees, and their respective agents, assigns and Vendors to, comply in all material respects with Laws in all relevant territories applicable to such activities in respect of
Licensed Products and their component parts. 

  

	9.2	 No Child Labor. Licensee represents, warrants and covenants during the Term and any Grace Period that it
shall not (and shall ensure that Permitted Sublicensees do not) encourage or knowingly use child, indentured, prison or any other form of involuntary labor, and to the best of its knowledge, that it shall not engage any Vendor that engages in such
activities. The term “child” or “children” refers to a person younger than sixteen (16) regardless of the applicable local legal minimum age for employment (or such higher age as may be reflected in
Parent’s own then-current corporate policies). Parent prohibits anyone eighteen (18) or younger from performing hazardous work as defined by the International Labour Organization (ILO). Licensee, Permitted Sublicensees, Vendors, and
prospective Vendors shall be required to respond promptly and fully to all Parent inquiries as to use of such labor. The identification of the use of child, involuntary, indentured or prison labor will result in Licensee or the applicable Permitted
Sublicensee immediately working with the Vendor to achieve compliance or termination of dealings between Licensee or such applicable Permitted Sublicensee and said Vendor if compliance is not promptly achieved. Parent reserves the right, in its sole
discretion, to conduct unannounced audits if there is reasonable evidence as to human rights-related violations of Parent policy. In the event that a Vendor is determined to be non-compliant, Licensee or the
applicable Permitted Sublicensee shall immediately work either directly or with any other Vendor such non-compliant Vendor is working with to achieve compliance by such Vendor. If compliance is not promptly
achieved, Licensee and Permitted Sublicensees shall terminate direct dealings or demand termination of all other Vendor dealings with such non-compliant Vendor. 

 

	9.3	 Respectful Workplace and Human Rights. Licensee shall have the sole responsibility to ensure that
persons involved in Licensee’s or any Permitted Sublicensees’ business activities relating to the manufacture, production, marketing, sale, display, distribution and delivery of Licensed Products are not working in violation of applicable
Law, and are provided a fair employment opportunity, protection of their basic human rights, and a clean working environment as free as practicable from health and safety hazards. Licensee represents, warrants and covenants during the Term and any
Grace Period that it will (and will ensure that each Permitted Sublicensee does) conduct its business activities in accordance with these policies and put similar language in its agreements with its Vendors, distributors, and agents on a
commercially reasonable basis going forward. It is understood that Parent assumes no liability for acts that may be inconsistent with the above-stated policies of this Section. Parent

  
 41 

	 	
reserves the right, in its sole discretion, to make inquiries and to make inspections upon ten (10) Business Days’ notice or conduct unannounced audits if there is reasonable evidence
as to human rights-related violations of Parent policy. Parent is not an employer of Licensee, any Permitted Sublicensee or any of their respective Vendors, distributors, or agents. Licensee, on behalf of itself and Permitted Sublicensees, shall
promptly report to Parent any circumstances, claims, or allegations that are inconsistent with the above-stated policies of this Section. 

  

	9.4	 Environmental Waste. Licensee shall, and shall cause Permitted Sublicensees, Affiliates, agents,
assigns, vendors and customers (collectively, the “Responsible Parties”), to comply with all Laws in all territories that now or in the future apply to the collection, transportation, registration, disposal, recycling or other
handling of all Licensed Products and their component parts (as defined below) whether disposed of by the Responsible Parties, a consumer or otherwise, and to pay all fees, expenses, levies, Taxes or other amounts assessed, invoiced or otherwise
charged (“Waste Fees”) in connection therewith. For the absence of any doubt, the Responsible Parties shall pay such Waste Fees even if the applicable Laws require that the Waste Fees be the responsibility of, or assessed, invoiced
or otherwise charged to Parent. Without limiting the foregoing, Licensee shall itself do the following, and shall cause each of the Responsible Parties to do the following throughout the Term, any Grace Period, and after expiration or termination of
this Agreement: (i) pay Waste Fees for all Licensed Products that are currently or subsequently regulated by electronic waste recycling laws (“EWR Products”); (ii) notify retailers concerning EWR Products that must be
recycled, if required by applicable Law; (iii) cause the collection of Waste Fees at the point of sale for EWR Products, if required by applicable Law; (iv) prepare and submit all reports required by regulatory authorities on the
manufacture, sale, lease or licensing volume of such EWR Products; (v) properly inform consumers of disposal and recycling requirements and opportunities; (vi) pay and bear the expense of paying Waste Fees to the applicable authorities;
(vii) notify the applicable authorities that the Responsible Parties, and not Parent, are responsible for paying all Waste Fees and for complying with the electronic waste disposal and recycling requirements in effect at that time, even if the
law or regulation states that the brand owner is responsible; (viii) comply with the electronic waste disposal and recycling requirements including submitting any required disposal plans to the applicable authority and setting up collection and
transportation services for the applicable EWR Products; and (ix) comply with any and all other requirements of the applicable federal, state, or local laws and regulations currently in effect or hereinafter enacted. Licensee shall be liable
for any and all claims associated with failure to comply with such Laws and hereby agrees to indemnify, defend, and hold harmless Parent Group and its directors, officers, employees and independent contractors from claims that arise from such Laws.

  

	9.5	 Ethics Compliance. In carrying out this Agreement, Licensee shall (and shall ensure Permitted
Sublicensees and their respective Vendors and Representatives) comply with: (a) all applicable Laws of any country, jurisdiction, state, province or locality in which it operates regarding anti-money laundering, illegal payments, gifts and
gratuities, customs and Taxes; (b) the Foreign Corrupt Practices Act of the United States; and (c) the requirements and principles of Parent’s Policies as set forth in the document GE Code of Conduct titled: “The
Spirit & The Letter,” accessible at 

  
 42 

	 	
https://www.ge.com/sites/default/files/S&L_Booklet_English_0.pdf (as may be amended from time to time by Parent in its sole discretion) relating to business practices generally
(including anti-bribery) and standards of conduct for transactions with Governmental Authorities, receipt of copies of such are hereby acknowledged. Such compliance includes (but is not limited to) the obligation not to pay, offer or promise to pay,
or authorize the payment directly or indirectly of any money or anything of value to any Person (whether a Governmental Authority official, private individual, or corporation) for the purpose of illegally or improperly inducing or rewarding any
favorable action by a Governmental Authority official or a political party or official thereof or private individual or corporation to make a buying decision or illegally or improperly to assist Licensee, any Permitted Sublicensee or their
respective Vendors in obtaining or retaining business, or to take any other action favorable to Licensee, any Permitted Sublicensee or their respective Vendors. 

  

	9.6	 Parent Trademark Warranty. To the Knowledge of Parent, Licensee’s use of the GE Marks in connection
with Licensed Products as of the Distribution Date in accordance with this Agreement will not infringe the Trademark rights of third parties. Parent agrees to deliver to Licensee instruments or documents Licensee may reasonably request to confirm or
establish Licensee’s rights under this Agreement. 

  

	9.7	 No Other Representations or Warranties. Except as specifically provided herein, Parent makes no
representations or warranties, either express or implied, and assumes no responsibilities whatsoever with respect to the use, sale, disposition or delivery of Licensed Products. 

 

	9.8	 Licensee’s Indemnity. 

(a) Licensee shall fully indemnify, defend, and hold harmless Parent Group and its directors, officers, agents, representatives and employees
(“Parent Indemnified Parties”), from and against any and all claims, losses, damages, expenses, liabilities, judgments, penalties, and costs (including reasonable attorneys’ fees and costs) (collectively,
“Damages”) asserted against or incurred by the Parent Indemnified Parties with respect to any and all third-party claims, actions or suits against them arising out of or in any way related to (i) this Agreement (including
(x) any breach of any representation, warranty or covenant hereunder by Licensee, any Permitted Sublicensee or any of their respective Vendors or Representatives or (y) any act or omission by Licensee, any Permitted Sublicensee or any of
their respective Vendors or Representatives in any way related to this Agreement), (ii) the manufacture, packaging, shipment, distribution, use, sale, offering for sale, promotion, advertising, marketing, labeling, consumption, or disposal or
delivery of Licensed Products, whether or not such Licensed Products conform to the Applicable Standards, and regardless of whether or not Parent has specifically approved the manufacture, packaging, shipment, distribution, use, sale, offering for
sale, promotion, marketing, disposition or delivery of Licensed Products, or (iii) except to the extent Parent indemnifies Licensee in accordance with Section 9.9, infringement, misappropriation, dilution or other
violations of Intellectual Property or Trademarks, violations of the rights of publicity or privacy of any third party, or claims of false or misleading advertising or other representations arising out of or in any way related to this Agreement or
any Licensed Product(s) (“Licensee’s Indemnity”). Licensee’s Indemnity shall include, by way of example, (A) a defect in the design or manufacture, failure to warn or failure to comply with applicable
Laws arising out of or in any way related to this Agreement or any Licensed Product(s); (B) any disposal or environmental fees pertaining to the 

  
 43 

 
Licensed Products that are assessed against the Parent Indemnified Parties; (C) any violation of any applicable child labor, environmental, disposal, or hazardous materials Laws arising out
of or in any way related to this Agreement or any Licensed Product(s); and (D) any violation of any applicable data privacy Laws, including the Laws and standards described in the Data Privacy Guidelines, arising out of or in any way related to
this Agreement or any Licensed Product(s). 
 (b) Parent shall give Licensee reasonable notice within forty-five (45) days of all
claims, actions and suits subject to Licensee’s Indemnity to the extent it becomes aware of the same, and grant Licensee the right to select counsel and settle or control such claim or suit at Licensee’s expense, provided Parent must
(x) be consulted in the selection of any counsel by Licensee (and Licensee agrees to give good faith consideration to any comments or concerns raised by Parent) and (y) approve (i) the strategy of Licensee and its counsel, to the extent
such strategy impacts, or has the reasonable potential to impact, the value or reputation of the Parent’s brand or the GE Marks, and (iii) any settlement that results in any non-monetary terms that
bind Parent, Licensee or any Permitted Sublicensee, in each case (y)(i) and (y)(ii), such approvals not to be unreasonably withheld or denied. Failure to give Licensee reasonable notice of all claims or suits within forty-five (45) days shall
not, in any way, nullify Licensee’s Indemnity obligations. Notwithstanding the foregoing, Parent shall have the right to retain its own counsel (the expenses for which are covered by Licensee under this indemnification) to represent its own
interests in all cases involving indemnification. 
  

	9.9	 Parent’s Indemnity. 

(a) Parent shall indemnify and hold harmless Licensee, Permitted Sublicensees and their respective directors, officers, agents, representatives
and employees (“Licensee Indemnified Parties”) from and against any and all Damages asserted against or incurred by the Licensee Indemnified Parties, arising out of any claim or suit involving an allegation of trademark infringement
involving use of the GE Marks in accordance with this Agreement. 
 (b) Licensee shall give Parent reasonable notice within thirty
(30) days of all claims, actions and suits subject to the indemnity in Section 9.9(a) to the extent it becomes aware of the same, and grant Parent the right to select counsel and settle or control such claim or suit at
Parent’s expense; provided, that, in the event such suit or claim has, or has the reasonable potential to, materially impact the SpinCo Business (excluding any Former SpinCo Business) or Licensee’s ability to exercise its rights
under the Agreement, Licensee shall have the right, at Licensee’s sole cost and expense, to participate in such claim or suit. If Parent decides not to take action with respect to such claims, Licensee may, upon Parent’s prior written
approval, to be provided in Parent’s sole discretion, pursue such claim on its own at its sole cost and expense. Parent shall be permitted to participate and provide input in such matters, and Licensee must obtain prior written approval from
Parent, to be provided in Parent’s sole discretion, prior to settling or otherwise resolving any such claims. 

  
 44 

	9.10	 General Disclaimers. Nothing in this Agreement shall be construed as: (a) a warranty or
representation by Parent that anything made, used, displayed, Sold, or otherwise disposed of by Licensee under license granted in this Agreement or by any Permitted Sublicensee under a sublicense permitted under this Agreement, in each case, is or
will be free from the rightful claim of third parties by way of infringement or the like, except as specifically provided herein; (b) a requirement that Parent shall file or prosecute trademark applications, secure copyrights, or maintain
Trademarks or copyright registrations in force or notify Licensee of actions or failures to act with respect to applications or renewals; except as specifically provided in Section 5.10; (c) an obligation that Parent bring
or prosecute actions or suits against third parties for infringement or the like; or (d) granting by implication, estoppel, or otherwise, licenses or rights under Intellectual Property or Trademark rights of Parent other than to the GE Marks.

  

	9.11	 Limitation on Liability. Except for liability for indemnification expressed herein, Parent’s total
liability under or related to this Agreement, whether based on claims founded in contract, warranty, tort (including negligence), strict liability or otherwise, shall not exceed the amount of cumulative royalties and fees due under the Agreement for
the applicable Contract Year in which the cause for such indemnification claim occurred. In no event, whether in contract, warranty, tort (including negligence), strict liability or otherwise, shall Parent be liable for special, incidental,
exemplary, punitive or consequential damages, including loss of profit or revenue, loss of use of equipment or other property, cost of capital, cost of substitute goods, facilities, or services, downtime costs, or claims of customers for damage or
loss of property. 

  

	9.12	 Remedies Not Exclusive. All remedies specified herein shall be cumulative and not exclusive and shall be
in addition to any other remedies which Parent may have under this Agreement or otherwise. 

  

	10.	 MISCELLANEOUS 

 

	10.1	 Assignment and Divested Entities . 

(a) This Agreement shall not be assigned, in whole or in part, by operation of Law or otherwise by Licensee without the prior written consent
of Parent. Any attempted assignment by Licensee in violation of this Section 10.1 shall be null and void ab initio. 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. Licensee shall not extend, sublicense, convey, pledge, encumber, or otherwise dispose of this Agreement or its rights or interest hereunder without the prior written consent of Parent. 

(b) Notwithstanding the foregoing, in the event Licensee or SpinCo, directly or indirectly, divests a Permitted Sublicensee (other than SpinCo
itself), or a line of business of a Permitted Sublicensee that uses the GE Marks in accordance with this Agreement, by (a) spinning off such Permitted Sublicensee by its sale or other disposition to a third party, (b) reducing ownership or
control such Permitted Sublicensee so that it no longer qualifies as a Permitted Sublicensee under this Agreement or (c) selling or otherwise transferring such line of business to a third party (each such divested entity/line of business, a
“Divested Entity”), the Divested Entity shall receive a transitional license to wind-down its use of the GE Marks for a period of six (6) months following the effective date of such divestiture, subject to Parent’s
standard terms and conditions for transitional trademark licenses. For the avoidance of doubt, any divestment of a Divested Entity shall not reduce the Annual Fee. Upon the expiration or termination of any such transitional license granted to a
Divested Entity in accordance with this Section 10.1(b), such Divested Entity shall immediately cease to be a “Permitted Sublicensee” and all sublicenses granted to it under the rights and licenses hereunder shall
automatically terminate forthwith. 

  
 45 

 (c) Parent may assign this Agreement and any or all rights and obligations under this
Agreement to any of its Affiliates or a third party (the “Assignee”) subject to (i) the Assignee agreeing to be bound by all of the terms and conditions of this Agreement and assuming all of the rights, interests and
obligations of Parent under this Agreement, and (ii) Parent providing written notice of the assignment to Licensee. Immediately upon such assignment, automatically and without the requirement of any further action by any person or entity,
(i) all references in this Agreement to the Parent shall instead apply to the Assignee unless the context otherwise requires and (ii) Parent shall be unconditionally and irrevocably released and discharged from any and all liabilities and
obligations under or in connection with this Agreement. 
 (d) Notwithstanding anything to the contrary in this Agreement, the provisions set
forth in Section 2.07 of the Separation Agreement (Subsequent Separation Transaction) shall apply mutatis mutandis to the assignment provisions of this Agreement, with such conforming changes thereto as are necessary to
apply the provisions, and preserve the effect, thereof to the terms of this Agreement. 
  

	10.2	 Governing Law. This Agreement and any disputes relating to, arising out of or resulting from this
Agreement, including to its execution, performance, or enforcement, shall be governed by, and construed and enforced in accordance with, the Laws of the State of New York, regardless of the Laws that might otherwise govern under applicable
principles of conflicts of Laws thereof. 

  

	10.3	 Notices. All notices or other communications under this Agreement shall be in writing and shall be
deemed to be duly given (a) when delivered in person, (b) on the date received, if sent by a nationally recognized delivery or courier service, (c) upon written confirmation of receipt after transmittal by electronic mail (followed by
delivery of an original via overnight courier service) or (d) upon the earlier of confirmed receipt or the fifth (5th) business day following the date of mailing if sent by registered or certified mail, return receipt requested, postage prepaid
and addressed as follows: 

 If to Parent, to: 

General Electric Company 

Trademark Operation 
 901 Main Ave

 Norwalk, CT 06851 

	 	Attn:	 [***] 

	 	Email:	 [***] 

  
 46 

 with a copy to: 

Paul, Weiss, Rifkind, Wharton & Garrison LLP 

1285 Avenue of the Americas 

New York, NY 10019-6064 

Attn: Scott A. Barshay 

Steven J. Williams 

Jonathan Ashtor 

Email: sbarshay@paulweiss.com 

swilliams@paulweiss.com 

jashtor@paulweiss.com 

Facsimile: (212) 757-3990 

If to Licensee, to: 
 GE
HealthCare Imaging Holding Inc. 
 300 N Grandview Blvd 

Waukesha, WI 53188 
 Attn: [***]

 Email: [***] 
 with a copy
to: 
 GE HealthCare 
 500
West Monroe street 
 Chicago, IL 60661 

Attn: [***] 
 Email: [***] 

Either Party may, by notice to the other Party, change the address and identity of the Person to which such notices and copies of such notices are to be
given. Each Party agrees that nothing in this Agreement shall affect the other Party’s right to serve process in any other manner permitted by Law (including pursuant to the rules for foreign service of process authorized by the Hague
Convention). 
  

	10.4	 Severability. If any provision of this Agreement or the application thereof to any Person or
circumstance is determined by a court of competent jurisdiction to be invalid, void or unenforceable, the remaining provisions hereof, or the application of such provision to Persons or circumstances, or in jurisdictions other than those as to which
it has been held invalid or unenforceable, shall remain in full force and effect and shall in no way be affected, impaired or invalidated thereby, 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, any such provision, to the extent determined to be invalid, void or unenforceable, shall be deemed replaced by a provision that such court determines is valid and
enforceable and that comes closest to expressing the intention of the invalid, void or unenforceable provision. 

  

	10.5	 Counterparts; Entire Agreement; Corporate Power. 

(a) This Agreement may be executed in one or more counterparts, all of which counterparts shall be considered one and the same agreement, and
shall become effective when one or more counterparts have been signed by each Party and delivered to the other Party. This Agreement may be executed by facsimile or PDF signature and scanned and exchanged by electronic mail, and such facsimile or
PDF signature or scanned and exchanged copies shall constitute an original for all purposes. 

  
 47 

 (b) This Agreement, together with the Separation Agreement and the Exhibits and Schedules
hereto and thereto contain the entire agreement between the Parties with respect to the subject matter hereof and supersede all previous agreements, negotiations, discussions, writings, understandings, commitments and conversations with respect to
such subject matter, and there are no agreements or understandings between the Parties with respect to the subject matter hereof other than those set forth or referred to herein or therein. In the event of conflict or inconsistency between the
provisions of this Agreement and the Separation Agreement, the provisions of this Agreement shall prevail and remain in full force and effect. 

(c) Parent represents on behalf of itself and each other member of the Parent Group, and Licensee represents on behalf of itself and each
Permitted Sublicensee, as follows: 
 (i) each such Person has the requisite corporate or other power and authority and has
taken all corporate or other action necessary in order to execute, deliver and perform each of this Agreement and to consummate the transactions contemplated hereby and thereby; and 

(ii) this Agreement has been duly executed and delivered by it and constitutes, or will constitute, a valid and binding
agreement of it enforceable in accordance with the terms thereof. 
  

	10.6	 Third-Party Beneficiaries. Except as otherwise expressly set forth herein or as otherwise provided in
the Separation Agreement, (a) the provisions of this Agreement are solely for the benefit of the Parties hereto and are not intended to confer upon any Person except the Parties hereto any rights or remedies hereunder and (b) there
are no third-party beneficiaries of this Agreement and this Agreement shall not provide any third person with any remedy, claim, liability, reimbursement, cause of action or other right in excess of those existing without reference to this
Agreement. 

  

	10.7	 Waivers of Default. No failure or delay of any Party in exercising any right or remedy under this
Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such right or power, or any course of conduct, preclude any other or further
exercise thereof or the exercise of any other right or power. Waiver by any Party of any default by the other Party of any provision of this Agreement shall not be deemed a waiver by the waiving Party of any subsequent or other default.

  

	10.8	 Amendment. No provisions of this Agreement shall be deemed waived, amended, supplemented or modified by
any Party, unless such waiver, amendment, supplement or modification is in writing and signed by the authorized representative of each Party; provided, that nothing in this Section 10.8 shall limit the provisions of
Section 10.1(d). 

  
 48 

	10.9	 Interpretation. Words in the singular shall be held to include the plural and vice versa and words of
one gender shall be held to include the other gender as the context requires. The terms “hereof,” “herein,” “herewith” and words of similar import, unless otherwise stated, shall be construed to refer to this Agreement
as a whole (including all of the schedules hereto) and not to any particular provision of this Agreement. Article, Section or Schedule references are to the articles, sections and schedules of or to this Agreement unless otherwise specified.
Any capitalized terms used in any Schedule to this Agreement but not otherwise defined therein shall have the meaning as defined in this Agreement. Any definition of or reference to any agreement, instrument or other document herein (including
any reference herein to this Agreement) shall, unless otherwise stated, be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such
amendments, supplements or modifications set forth therein, including in Section 10.7 above). The word “including” and words of similar import when used in this Agreement shall mean “including, without
limitation,” unless the context otherwise requires or unless otherwise specified. The word “or” shall not be exclusive. The word “extent” in the phrase “to the extent” shall mean the degree to which a subject or
other thing extends, and such phrase shall not mean simply “if.” All references to “$” or dollar amounts are to the lawful currency of the United States of America. References herein to any Law shall be deemed to refer to such
law as amended, reenacted, supplemented or superseded in whole or in part and in effect from time to time and also to all rules and regulations promulgated thereunder. Except as expressly set forth in this Agreement, the Parties shall make, or cause
to be made, any payment that is required to be made pursuant to this Agreement as promptly as practicable and without regard to any local currency constraints or similar restrictions. 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.

  

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

  

	10.11	 Dispute Resolution. The Parties (a) hereby irrevocably and unconditionally submit to the
jurisdiction of the state courts of New York and to the jurisdiction of the United States District Court for the Southern District of New York for the purpose of any suit, action or other proceeding arising out of or based upon this Agreement,
(b) agree not to commence any suit, action or other proceeding arising out of or based upon this Agreement except in the state courts of New York or the United States District Court for the Southern District of New York, and (c) hereby
waive, and agree not to assert, by way of motion, as a defense, or otherwise, in any such suit, action or proceeding, any claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune
from attachment or execution, that the suit, action or proceeding is brought in an inconvenient forum, that the venue of the suit, action or proceeding is improper or that this Agreement or the subject matter hereof may not be enforced in or by such
court. 

  

	10.12	 Specific Performance. In the event of any actual or threatened default in, or breach of, any of the
terms, conditions and provisions of this Agreement, the affected Party shall have the right to specific performance, declaratory relief and injunctive or other equitable relief (on a permanent, emergency, temporary, preliminary or interim basis) of
its rights under this Agreement, in addition to any and all other rights and remedies at Law or in equity, and all such rights and remedies shall be cumulative. The other Party shall not oppose the granting of such relief on

  
 49 

	 	
the basis that money damages are an adequate remedy. The Parties agree that the remedies at Law for any breach or threatened breach hereof, including monetary damages, are inadequate compensation
for any loss and that any defense in any action for specific performance that a remedy at Law would be adequate is hereby waived. Any requirements for the securing or posting of any bond or similar security with such remedy are hereby waived.

  

	10.13	 Waiver of Jury Trial. EACH PARTY AND ITS AFFILIATES HEREBY WAIVE TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT TO ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY. EACH PARTY (A) 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 AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HAVE BEEN INDUCED TO
ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 10.13. 

  

	10.14	 Confidentiality. All confidential information of a Party disclosed to the other Party under this
Agreement shall be deemed Specified Confidential Information (as that term is defined in the Separation Agreement), shall be subject to the provisions of Section 7.09 of the Separation Agreement, and may be used by the receiving Party in
accordance with this Agreement for the sole and express purpose of effecting the licenses granted herein. 

  

	10.15	 Relationship of the Parties. Nothing contained herein is intended or shall be deemed to make either
Party or members of the Parent Group (in the case of Parent) or the members of the SpinCo Group (in the case of Licensee) the agent, employee, partner or joint venturer of the other Party or members of the Parent Group or members of the SpinCo
Group, as applicable, or be deemed to provide such Party or members of the Parent Group or members of the SpinCo Group, as applicable, with the power or authority to act on behalf of the other Party or members of the Parent Group or members of the
SpinCo Group, as applicable, or to bind the other Party or members of the Parent Group or members of the SpinCo Group, as applicable, to any contract, agreement, or arrangement with any other individual or entity. 

Remainder of Page Left Blank Intentionally 

  
 50 

 IN WITNESS WHEREOF, Parent and Licensee have caused this Agreement to be executed, in
duplicate, by their respective, duly authorized representatives on the dates indicated below. 
  

			
	“LICENSEE”
	GE HealthCare Imaging Holding Inc.
		
	By:	 	  

		 	Name:
		 	Title:
		 	Date:
	
	“PARENT”
	General Electric Company
		
	By:	 	  

		 	Name:
		 	Title:
		 	Date:

 [Signature Page to Trademark License Agreement]

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