Document:

exv10w18

 

EXHIBIT 10.18

 

INTELLECTUAL PROPERTY AGREEMENT AND LICENSE

     This INTELLECTUAL PROPERTY AGREEMENT AND LICENSE (this
“Agreement”), is made this 27 day of September, 2002, among GENERAL
ELECTRIC COMPANY, a New York corporation (“GE”), GXS CORPORATION, a
Delaware corporation (the “Company”), a wholly owned subsidiary of GXS
Holdings, Inc. f/k/a RMS ELECTRONIC COMMERCE SYSTEMS, INC., a Delaware
corporation (“GXS Holdings”), and GLOBAL ACQUISITION COMPANY, a Delaware
Corporation (the “Acquiror”). GE, the Company and the Acquiror are
sometimes referred to herein individually as a (“party”) and
collectively as the (“parties”).

PRELIMINARY STATEMENTS

     A.     Pursuant to the Recapitalization Agreement dated June 21, 2002 among
GE, GE Investments, Inc., a Nevada corporation (“GEII,” and together
with GE, the “GE Parties”), and the Acquiror (as amended from time to
time, the “Recapitalization Agreement”), the Acquiror has agreed, on the
terms and subject to the conditions set forth in the Recapitalization
Agreement, to purchase from the GE Parties on the Closing Date certain the
shares of GXS Holdings and the shares of certain Subsidiaries of GE.

     B.     The execution and delivery of this Agreement by the parties is a
condition precedent to the Closing under the Recapitalization Agreement.

     C.     GE and its Controlled Affiliates control certain intellectual property
and are willing to license or assign certain intellectual property rights to
the Company to enable the Acquiror to conduct the business of the Company and
its Subsidiaries as an ongoing enterprise in substantially the same manner in
which it has been conducted by the GE Parties through the Company prior to the
Closing Date.

     D.     The Company and its Subsidiaries control certain intellectual property
and are willing to license or assign certain intellectual property rights to GE
for use by GE and its Controlled Affiliates other than in connection with the
EDI Business.

     NOW, THEREFORE, the parties to this Agreement agree as follows:

ARTICLE I

DEFINITIONS

     SECTION 1.01. Certain Defined Terms. (a) Unless otherwise
defined herein, all capitalized terms used herein shall have the same meaning
as in the Recapitalization Agreement.

     (b)  The following capitalized terms used in this Agreement shall have the
meanings set forth below:

 

 

     "Bankruptcy Code” shall have the meaning set forth in Section 3.04.

     "Confidential Information” means all materials, trade secrets or
other technical information, including, without limitation, proprietary
information and materials (whether or not patentable) regarding a party’s
technology, products, business information or objectives, which is designated
as confidential in writing by the disclosing party, whether by letter or by the
use of an appropriate stamp or legend, prior to or at the time any such
material, trade secret or other information is disclosed by the disclosing
party to the other party.

     "Control” or “Controlled” means, with respect to any
intellectual property right, the right to assign such right or to grant a
license or sublicense, under such right, as provided for herein, without (i)
violating the terms of any agreement or other arrangement with any Third Party,
(ii) requiring consents, approvals or waivers from any Third Party, or (iii)
requiring the payment of additional payments or compensation to any Third
Party. To the extent that any Intellectual Property owned by a Third Party is
licensed hereunder, such Intellectual Property shall be subject to the terms
and conditions of the relevant agreement between the licensor and such Third
Party pursuant to which such Intellectual Property has been licensed.

     "Company Intellectual Property” means Intellectual Property owned
or Controlled by the Company and its Subsidiaries on the Closing Date, or which
is later assigned to the Acquiror pursuant to Section 5.12 of the
Recapitalization Agreement, that is used exclusively in the business of the
Company or its Subsidiaries, notwithstanding use by GE or its Subsidiaries as a
customer of the Company or its Subsidiaries.

     "Excluded Technology” means that Intellectual Property that GE will
make available to the Company and its Subsidiaries pursuant to the terms of
that certain Services Agreement entered into among the parties on the date
hereof.

     "Improvement” means any modification, derivative work or
improvement.

     "Intellectual Property” means: (i) patents, patent applications
and statutory invention registrations, including reissues, divisions,
continuations, continuations-in-part, extensions and reexaminations thereof,
all rights therein provided by international treaties or conventions, (ii)
copyrights, whether or not registered, and registrations and applications for
registration thereof, and all rights therein provided by international treaties
or conventions, and (iii) confidential and proprietary information, including
trade secrets and know-how. As used in this Agreement, the term “Intellectual
Property” expressly excludes Trademarks.

     "Trademarks” means trademarks, service marks, trade dress, logos
and other identifiers of source, including all goodwill associated therewith
and all common law rights, and registrations and applications for registration
thereof, all rights therein provided by international treaties or conventions,
and all reissues, extensions and renewals of any of the foregoing.

ARTICLE II

TRADEMARK ASSIGNMENT

     SECTION 2.01. Trademark Assignment. Appendix A sets forth a copy
of the Trademark Assignment, dated September 9, 2002 (the “GE to GXS
Holdings Trademark

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Assignment”), pursuant to which GE has transferred and assigned to GXS
Holdings all of its worldwide right, title and interest in and to the
Trademarks as set forth on Schedule I attached to the GE to GXS Holdings
Trademark Assignment (the “Assigned Trademarks”), and all rights,
privileges and goodwill associated therewith, including, but not limited to,
the right to recover and take all such proceedings as may be necessary for the
recovery of damages or otherwise in respect of past, present and future
infringement of any of such Assigned Trademarks. Appendix B sets forth a copy
of the Trademark Assignment, dated September 9, 2002 (the “GXS Holdings to
GXS Corporation Trademark Assignment”), pursuant to which Holdings then
transferred and assigned to the Company all of its worldwide right, title and
interest in and to the Assigned Trademarks, and all rights, privileges and
goodwill associated therewith, including, but not limited to, the right to
recover and take all such proceedings as may be necessary for the recovery of
damages or otherwise in respect of past, present and future infringement of any
of such Assigned Trademarks.

     SECTION 2.02. Costs and Assistance. The Company shall bear any
and all administrative and similar costs external to GE and/or its Controlled
Affiliates related to the assignment of the Assigned Trademarks to the Company
pursuant to the GE to GXS Holdings Trademark Assignment and the GXS Holdings to
GXS Corporation Trademark Assignment (collectively, the Trademark
Assignments”). GE shall, and shall cause its Controlled Affiliates to,
execute all documents and perform all acts as required for the assignment of
such Assigned Trademarks to the Company under the Trademark Assignments. GE
agrees that any and all rights that are acquired by the assignment of such
Assigned Trademarks shall inure to the sole benefit of the Company, the
Subsidiaries and their assigns. GE agrees to, and to cause its Controlled
Affiliates to, execute all papers reasonably requested by the Company and at
the Company’s expense to perfect such Assigned Trademarks under the Trademark
Assignments or any part thereof and, where applicable, to record the Company as
the owner of such Assigned Trademarks. GE and/or its Controlled Affiliates
agree not to use the Assigned Trademarks assigned under the Trademark
Agreements or any part thereof as part of its corporate name or to market any
existing or future product or service using such Assigned Trademarks.

ARTICLE III

LICENSE GRANTS

     SECTION 3.01. GE License Grant. GE hereby grants to the Company
and its Subsidiaries, and shall cause its Controlled Affiliates to grant to the
Company and its Subsidiaries, a non-exclusive, irrevocable, royalty-free, fully
paid-up, worldwide, perpetual right and license to and under all of the
Intellectual Property relating to the business of the Company and its
Subsidiaries and Controlled by GE or its Controlled Affiliates as of the
Closing Date or which the Company assigned to GE pursuant to Section 5.12(b) of
the Recapitalization Agreement and which GE is not otherwise obligated to
transfer or assign to the Acquiror or the Company pursuant to the
Recapitalization Agreement, to make, have made, use, sell, have sold, import
and otherwise commercialize products and services in conducting the business of
the Company and its Subsidiaries to the extent that such Intellectual Property
(a) is as of the date of the Recapitalization Agreement or as of the Closing
Date being used by the Company or any Subsidiary in conducting such business,
and (b) does not constitute Excluded Technology. The Company shall have the
right to extend sublicenses under the rights licensed under this Section 3.01
to one or more of its Affiliates for use by such Affiliates in conducting such
business.

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     SECTION 3.02. Company License Grant. The Company hereby grants to
GE and its Controlled Affiliates, and shall cause its Subsidiaries to grant to
GE and its Controlled Affiliates, a non-exclusive, irrevocable, royalty-free,
fully paid-up, worldwide, perpetual right and license to and under all
Intellectual Property other than Company Intellectual Property Controlled by
the Company or its Subsidiaries on the Closing Date to make, have made, use,
sell, have sold, import and otherwise commercialize products and services in
all fields other than the EDI Business to the extent that such Intellectual
Property was used by GE and its Controlled Affiliates in their respective
existing businesses as of the date of the Recapitalization Agreement or the
Closing Date.

     SECTION 3.03. No Rights to Improvements. Each party shall have
the right to make Improvements to the Intellectual Property licensed to it
under this Agreement. Improvements to Intellectual Property shall be owned by
the party making such Improvement, or on whose behalf such Improvement was
made. No rights are granted to a party under any Improvements to the
Intellectual Property licensed hereunder to the extent such Improvement was
made by, or on behalf of, the other party after the Closing Date.

     SECTION 3.04. Section 365(n) of the Bankruptcy Code. All rights
and licenses granted under or pursuant to any section of this Agreement are,
and shall otherwise be deemed to be, for purposes of Section 365(n) of the
United States Bankruptcy Code (the “Bankruptcy Code”), licenses of
rights to “intellectual property” as defined under Section 101(35A) of the
Bankruptcy Code. The parties shall retain and may fully exercise all of their
respective rights and elections under the Bankruptcy Code.

ARTICLE IV

CONFIDENTIAL INFORMATION

     SECTION 4.01. Treatment of Confidential Information. Each party
hereto shall maintain the Confidential Information of each of the other parties
in confidence, and shall not disclose, divulge or otherwise communicate such
Confidential Information to others, or use it for any purpose, except pursuant
to, and in order to carry out, the terms and objectives of this Agreement, and
hereby agrees to exercise every reasonable precaution to prevent and restrain
the unauthorized disclosure of such Confidential Information by any of its
directors, officers, employees, consultants, subcontractors, sublicensees or
agents.

     SECTION 4.02. Release from Restrictions. The provisions of
Section 4.01 shall not apply to any Confidential Information disclosed
hereunder that:

     (a)  was already known by receiving party prior to the date hereof from a
source other than the disclosing party or was, or is in the future, generated
or developed independently by the receiving party or any of its directors,
officers, employees, consultants, contractors, subcontractors, sublicenses and
agents; or

     (b)  either before or after the date of the disclosure to the receiving
party is lawfully disclosed to the receiving party by sources who are not under
a direct or indirect obligation of confidence to the disclosing party; or

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     (c)  either before or after the date of the disclosure to the receiving
party becomes published or generally known to the public through no fault or
omission on the part of the receiving party or its Affiliates; or

     (d)  is required to be disclosed by the receiving party to comply with
applicable laws, to defend or prosecute litigation or to comply with
governmental regulations, provided that the receiving party provides prior
written notice of such disclosure to the other party and takes reasonable and
lawful actions to avoid and/or minimize the degree of such disclosure.

ARTICLE V

COVENANTS

     SECTION 5.01. No Adverse Action. Each party hereby covenants that
it will, at any time after the Closing Date, use commercially reasonable
efforts not to terminate, breach, rescind or fail to renew (to the extent that
such renewal requires only the payment of fees or compensation, and the party
desiring to retain the rights licensed thereunder agrees upon prior written
notice to pay such fees or compensation) any agreement under which a party has
been sublicensed rights under Intellectual Property pursuant to this Agreement.

     SECTION 5.02. Further Assistance. Each party hereby covenants and
agrees that it shall, at the request of the other party, use commercially
reasonable efforts to obtain any Third Party consent, approval or waiver
necessary to enable such party to grant a license or sublicense to any
Intellectual Property that, but for the requirement to obtain such consent,
approval or waiver, would be the subject of a license granted pursuant to
Section 3.01 or 3.02 hereunder. Each party further covenants and agrees that
it shall, at the reasonable request of the other party, use commercially
reasonable efforts to (a) identify all Intellectual Property that would, but
for the requirement of such party to pay any additional payments or
compensation to any Third Party, be subject to a license granted pursuant to
Section 3.01 or 3.02 hereunder, and (b) assist the other party in obtaining
from such Third Party a license to such Intellectual Property.

ARTICLE VI

TERM AND TERMINATION

     SECTION 6.01. Term. The term of this Agreement is perpetual.

     SECTION 6.02. No Termination. No party may terminate this
Agreement or the rights and licenses granted hereunder for breach. In the
event of a breach of this Agreement, the sole and exclusive remedy to the
non-breaching parties shall be to recover monetary damages and/or to obtain
injunctive or equitable relief in a court of competent jurisdiction.

ARTICLE VII

GENERAL PROVISIONS

     SECTION 7.01. Assignment. This Agreement shall not be assignable,
in whole or in part, by any party hereto except as provided herein. Each party
hereby consents to the assignment, and/or license of any or all of its rights,
or delegation of any or all of its obligations, under this Agreement to a
successor in interest which acquires from such party substantially all of the
equity or assets of the business of such party to which this Agreement relates,
and which

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expressly accepts such assignment and assumes such obligations. This
Agreement shall also be binding upon and inure to the benefit of and be
enforceable by the successors, legal representatives and permitted assigns of
each party hereto.

     SECTION 7.02. Additional Provisions. Provisions of the
Recapitalization Agreement that apply to this Agreement include only Section
10.01(b) (Indemnification by GE Parties), Section 10.02(b) (Indemnification by
the Acquiror), Section 11.02 (Expenses), Section 11.03 (Notices), Section 11.04
(Public Announcements), Section 11.06 (Entire Agreement), Section 11.09
(Amendment), Section 11.11 (Dispute Resolution), Section 11.12 (Governing Law;
Submission to Jurisdiction; Waivers), Section 11.13 (Rules of Construction) and
Section 11.15 (Counterparts).

     SECTION 7.03. Disclaimer. EXCEPT AS EXPRESSLY PROVIDED IN THE
RECAPITALIZATION AGREEMENT, THE INTELLECTUAL PROPERTY PROVIDED BY EACH PARTY TO
THE OTHER PARTY PURSUANT TO THIS AGREEMENT ARE FURNISHED “AS IS”, WITH ALL
FAULTS AND WITHOUT WARRANTY OF ANY KIND, EXPRESS, IMPLIED, STATUTORY OR
OTHERWISE, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY,
FITNESS FOR ANY PARTICULAR PURPOSE, TITLE, NON-INFRINGEMENT, ADEQUACY OR
COMPLIANCE WITH ANY LAW, DOMESTIC OR FOREIGN.

     SECTION 7.04. Specific Performance. Each party acknowledges that
certain of the obligations of the parties required by this Agreement are
unique. If any party should breach any of its covenants or agreements
hereunder, the parties each acknowledge that it would be extremely
impracticable to measure the resulting damages; accordingly, the nonbreaching
party or parties may sue in equity for specific performance, and each party
expressly waives the defense that a remedy in damages will be adequate.

[Remainder of this page left intentionally blank]

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

	 	 	 
	 	GENERAL ELECTRIC COMPANY
	 
	 	By	
  /s/ Philip D. Ameen

Name: Philip D. Ameen

Title:   Vice President and Comptroller
	 
	 	GXS CORPORATION
	 
	 	By	
  /s/ Jean-Jacques Charhon

Name: Jean-Jacques Charhon

Title:   Senior Vice President & Chief

Financial Officer
	 
	 	GLOBAL ACQUISITION COMPANY
	 
	 	By	
  /s/ Brian J. Ruder

Name: Brian J. Ruder

Title:   President & Treasurerexv10w19

 

EXHIBIT 10.19

 

GE MONOGRAM LICENSE AGREEMENT

     This GE Monogram License Agreement (this “Agreement”), dated and effective
as of September 27, 2002 (the “Effective Date”), is made and entered into by
and between Monogram Licensing, Inc., a Connecticut corporation (“LICENSOR”),
and GXS Corporation, a Delaware corporation (“LICENSEE”), a wholly owned
subsidiary of GXS Holdings, Inc., f/k/a RMS Electronic Commerce Systems, Inc.,
a Delaware corporation (“Holdings”).

     A.     Whereas, the General Electric Company, a New York Corporation (“GE”),
owns the LICENSED MARKS (as hereinafter defined) and has registrations thereof
in certain countries throughout the world for various goods and services;

     B.     Whereas, pursuant to the Recapitalization Agreement dated June 21, 2002
(the “Recapitalization Agreement”) among GE, GE Investments, Inc., a Nevada
corporation (“GEII,” and together with GE, the “GE Parties”), and Global
Acquisition Company, a Delaware Corporation (“Acquiror”), the Acquiror has
agreed, on the terms and subject to the conditions set forth in the
Recapitalization Agreement, to purchase from GEII on the Closing Date (as
defined in the Recapitalization Agreement) certain shares of Holdings.

     C.     Whereas, as a condition to closing the transactions contemplated under
the Recapitalization Agreement, the parties hereto have agreed to enter into
this Agreement;

     D.     Whereas LICENSOR, an affiliate of GE, has the right to license the
LICENSED MARKS and is willing to permit the use of the LICENSED MARKS by
LICENSEE and PERMITTED SUBLICENSEES (as hereinafter defined) under the terms
and conditions hereinafter set forth.

     NOW THEREFORE, the parties agree as follows:

ARTICLE I

DEFINITIONS

The following terms as used in this Agreement shall have the meaning set forth
in this Article I:

     A.     The term “LICENSED MARKS” shall mean and be limited to the GE monogram
trademark shown in Exhibit A attached hereto.

     B.     The term “PRODUCTS” and “SERVICES” shall mean, respectively, and be
limited to, the products sold and services rendered by LICENSEE and PERMITTED

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SUBLICENSEES in the conduct of their businesses as conducted as of the
Effective Date, as such businesses are described in the Recapitalization
Agreement.

     C.     The term “STANDARDS OF QUALITY” shall mean and be limited to:

     1)     standards of design, material and workmanship and other standards
heretofore observed by LICENSOR and its affiliates in their manufacture and
sale of products and its performance of services identical or similar to those
to which this Agreement relates, and

     2)     additional standards, if any, which LICENSOR or GE may otherwise
specify or approve in writing from time to time; such additional standards
shall supersede the standards referred to in Paragraph C(1) immediately above
to the extent of any conflict therewith.

     D.     The term “LICENSED TERRITORY” shall mean worldwide.

     E.     The term “PERMITTED SUBLICENSEES” shall mean LICENSEE’S subsidiaries
identified in Exhibit B attached hereto, who execute the terms of
acknowledgement, a copy of which is set forth in Exhibit C attached hereto.

ARTICLE II

LICENSE GRANT

     A.     LICENSOR hereby grants to LICENSEE and the PERMITTED SUBLICENSEES, a
non-exclusive, non-transferable, royalty-free limited license to use the
LICENSED MARKS in the LICENSED TERRITORY: (i) only in connection with PRODUCTS
manufactured, distributed, sold or otherwise commercialized, and SERVICES
performed, by LICENSEE and PERMITTED SUBLICENSEES in strict accordance with the
STANDARDS OF QUALITY, and (ii) in the same manner and form as the LICENSED
MARKS are used by the LICENSEE and PERMITTED SUBLICENSEES as of the Effective
Date.

     B.     Any rights not granted to LICENSEE and the PERMITTED SUBLICENSEES in
this Agreement are specifically reserved by and for the LICENSOR or GE.
LICENSEE and all PERMITTED SUBLICENSEES hereby accept this grant of license,
subject to the terms and conditions set forth in this Agreement.

ARTICLE III

EXAMINATION OF PRODUCTS

     A.     LICENSEE shall, and shall cause the PERMITTED SUBLICENSEES to, use the
LICENSED MARKS only in connection with PRODUCTS manufactured, distributed, sold
or otherwise commercialized, and SERVICES performed, by LICENSEE (and/or the
PERMITTED SUBLICENSEES) in strict accordance with all of the STANDARDS OF
QUALITY for such PRODUCTS and SERVICES. LICENSOR shall have the right to
supervise and control the use of the LICENSED MARKS by LICENSEE and the
PERMITTED SUBLICENSEES with respect to the nature and quality of the PRODUCTS
manufactured, distributed, sold or otherwise commercialized, and SERVICES
performed, by LICENSEE and PERMITTED

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SUBLICENSEES for the purpose of protecting and maintaining the goodwill
associated with the LICENSED MARKS and the reputation of LICENSOR or GE.

     B.     PRODUCTS and SERVICES, and the methods and processes for manufacturing
PRODUCTS used, by LICENSEE and the PERMITTED SUBLICENSEES, shall meet all
specifications and standards in the STANDARDS OF QUALITY and shall comply with
all federal, state and local laws and regulations and all applicable industry
and safety standards. LICENSEE shall, and shall cause the PERMITTED
SUBLICENSEES to, maintain a documented quality plan and testing and inspection
data for PRODUCTS and SERVICES reasonably acceptable to LICENSOR. LICENSEE and
the PERMITTED SUBLICENSEES shall submit such plan and data to LICENSOR upon its
request. If LICENSOR determines that any such quality plan or data, in its
sole reasonable judgment, is not sufficient to insure that PRODUCTS and
SERVICES will meet the STANDARDS OF QUALITY, LICENSOR shall notify LICENSEE of
such insufficiency and the reasons therefor. If LICENSEE fails to implement,
or to cause the PERMITTED SUBLICENSEES to implement, a quality plan acceptable
to LICENSOR within forty-five (45) days of such notice, then LICENSOR shall
have the right to terminate this Agreement at any time upon notice to LICENSEE.

     C.     For the purpose of protecting and maintaining the goodwill associated
with the LICENSED MARKS and the reputation of LICENSOR or GE, LICENSOR or its
authorized representative shall have the right at any reasonable time or times
during regular business hours on reasonable notice to visit the plants and
facilities of LICENSEE and the PERMITTED SUBLICENSEES where PRODUCTS are
manufactured, assembled, packaged, marketed, promoted, sold or serviced and
SERVICES are rendered. LICENSOR may conduct an inspection and examination of
such plants and facilities, PRODUCTS, the design of PRODUCTS, and the processes
and methods for designing and manufacturing PRODUCTS, and the SERVICES
rendered. LICENSEE agrees to furnish LICENSOR, from time to time as reasonably
requested by LICENSOR, representative samples of all PRODUCTS to which the
LICENSED MARKS are affixed and representative samples showing all other uses of
the LICENSED MARKS by LICENSEE and the PERMITTED SUBLICENSEES. Upon LICENSOR’S
reasonable request, LICENSEE shall permit, and shall cause the PERMITTED
SUBLICENSEES to permit, LICENSOR to promptly examine and audit documents, books
and records pertaining to the design, manufacture, assembly, packaging,
marketing, promoting, sale, servicing, quality, performance and other
characteristics of PRODUCTS and SERVICES as LICENSOR may reasonably require to
verify that PRODUCTS sold and SERVICES rendered by LICENSEE and the PERMITTED
SUBLICENSEES meet the STANDARDS OF QUALITY and that LICENSEE’S and the
PERMITTED SUBLICENSEES use of the LICENSED MARK is in full compliance with
LICENSEE’S obligations under this Agreement. If, at any time, PRODUCTS sold
under the LICENSED MARKS or the design, manufacture, assembly, packaging,
marketing, promotion, sale, servicing, quality or performance of PRODUCTS, and
SERVICES rendered, fail, in the sole opinion of LICENSOR, to conform to the
STANDARDS OF QUALITY or any other requirement of this Agreement, and LICENSOR
notifies LICENSEE of such failure, LICENSEE shall take and/or shall cause the
PERMITTED SUBLICENSEES to take all necessary steps to bring PRODUCTS and
SERVICES into conformance with STANDARDS OF QUALITY and other requirements of
this Agreement. If LICENSEE fails to cure such defects within 15 days of
notice of nonconformity, then LICENSEE and the

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PERMITTED SUBLICENSEES shall promptly cease manufacturing, marketing,
promotion and sale of non-conforming PRODUCTS and rendering SERVICES under the
LICENSED MARKS. Rights granted to LICENSOR under this paragraph to inspect,
examine, request samples, audit, to bring PRODUCTS into conformance, and to
cause LICENSEE to cease activities, with respect to PRODUCTS shall extend to
SERVICES of LICENSEE and the PERMITTED SUBLICENSEES.

ARTICLE IV

USE OF LICENSED MARKS

     A.     Under the license granted in Article II, LICENSEE and the PERMITTED
SUBLICENSEES are authorized to use the LICENSED MARKS only in connection with
PRODUCTS and SERVICES, including use in packaging, labeling, general publicity,
advertising, instruction books and other literature relating to PRODUCTS and
SERVICES.

     B.     LICENSEE shall comply and shall cause the PERMITTED LICENSEES to comply
with rules and practices set forth from time to time by LICENSOR with respect
to the appearance and manner of use of the LICENSED MARKS including such rules
and practices set forth in GE’s manual entitled GE Identity Program Manual. In
using the LICENSED MARKS, LICENSEE shall indicate and shall cause the PERMITTED
LICENSEES to indicate that the LICENSED MARKS are registered trademarks of GE.
Any form of use of the LICENSED MARKS not specifically provided for by such
rules shall be adopted by LICENSEE only upon prior approval in writing by
LICENSOR.

     C.     LICENSEE shall comply and shall cause the PERMITTED SUBLICENSEES to
comply with all applicable laws and regulations, including those pertaining to
the proper use and designation of trademarks in the LICENSED TERRITORY and
pertaining to the manufacture, distribution, promotion and sale of PRODUCTS and
the offering, rendering and promotion of SERVICES in the LICENSED TERRITORY.

     D.     LICENSEE shall immediately cease, and shall cause the PERMITTED
LICENSEES to immediately cease use of the LICENSED MARKS upon notice from
LICENSOR under circumstances where, in the sole opinion of LICENSOR, such use
of the LICENSED MARKS might result in an adverse claim against either LICENSOR,
GE, LICENSEE, and/or the PERMITTED SUBLICENSEES by a third party. LICENSEE
agrees to comply fully and to cause the PERMITTED SUBLICENSEES to comply fully
with all guidelines adopted from time to time by LICENSOR or GE for the purpose
of distinguishing its trademarks and preventing confusion of itself with any
other entity.

     E.     If, in the sole discretion of LICENSOR, it is required or advisable for
the purpose of making this Agreement enforceable, or for the purpose of
maintaining, enhancing, or protecting LICENSOR’s or GE’s rights in the LICENSED
MARKS, to record this Agreement or to enter LICENSEE (and/or the PERMITTED
SUBLICENSEE) as a registered or authorized user of the LICENSED MARKS, LICENSOR
will attend (at LICENSEE’s expense) to such recording or entry. LICENSEE will
execute and deliver, or cause the PERMITTED

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SUBLICENSEE to execute and deliver, to LICENSOR such additional instruments or
documentation as LICENSOR may reasonably request, including without limitation
execution and delivery of substitute or short-form license agreements, with
terms consistent with this Agreement, for recordation or registration in
specified countries in the event that this Agreement shall be deemed to be
unsuitable for recordation or entry in such countries. The terms and
conditions of this Agreement (and not the terms and conditions of such
substitute or short-form license agreements entered into for recording or entry
purposes) shall be binding between the parties throughout the world and shall
govern and control any controversy that should arise with respect to each
party’s rights and obligations hereunder; provided, however, that if specific
terms and conditions of any such substitute or short-form agreement differ from
the comparable terms and conditions of this Agreement and enforcement of the
comparable terms and conditions of this Agreement pursuant to this provision
either would be improper under the laws of the applicable country or would
adversely affect LICENSOR or GE’s rights in and to the LICENSED MARKS in such
country, then the specific terms and conditions of the substitute or short-form
agreement shall be controlling in such country.

     F.     LICENSEE shall supply, or shall cause the PERMITTED SUBLICENSEES to
supply, LICENSOR with such information concerning sales and the like of
PRODUCTS and SERVICES as LICENSOR may reasonably request to aid LICENSOR in the
acquisition, maintenance, and renewal of registrations of the LICENSED MARKS,
to record this Agreement, to enter LICENSEE and/or the PERMITTED SUBLICENSEES
as a registered or authorized user of the LICENSED MARKS, or for any purpose
reasonably related to LICENSOR’S maintenance and protection of the LICENSED
MARKS. LICENSEE shall fully cooperate, and shall cause all the PERMITTED
SUBLICENSEES to fully cooperate, with LICENSOR in the execution, filing, and
prosecution of any trademark or copyright applications relating to LICENSED
MARKS that LICENSOR may desire to file and for that purpose LICENSEE shall
supply, or shall cause the PERMITTED SUBLICENSEES to supply, to LICENSOR such
samples, containers, labels and other similar materials as may be required by
LICENSOR.

ARTICLE V

OWNERSHIP AND VALIDITY OF LICENSED MARKS

     A.     LICENSEE admits the validity, and GE’s ownership, of the LICENSED MARKS
and agrees that any and all rights that might be acquired by the use of the
LICENSED MARKS by LICENSEE and/or the PERMITTED SUBLICENSEES shall inure to the
sole benefit of GE. If LICENSEE and/or the PERMITTED SUBLICENSEES obtain
rights in the LICENSED MARKS, LICENSEE shall transfer, or shall cause the
PERMITTED SUBLICENSEES to transfer, those rights to LICENSOR or GE upon request
by the LICENSOR. LICENSEE admits and agrees that, as between the parties,
LICENSEE and the PERMITTED SUBLICENSEES have been extended only a mere
permissive right to use LICENSED MARKS as provided in this Agreement which is
not coupled with any ownership interest.

     B.     LICENSEE further agrees not to use or register, nor permit the
PERMITTED SUBLICENSEES to use or register, in any country any trademarks or
internet domain names resembling or confusingly similar to, or consisting in
whole or in part of, the LICENSED

5

 

MARKS, without the express written consent of LICENSOR. Whenever the attention
of LICENSEE is called by LICENSOR to any such confusion or risk of confusion,
LICENSEE agrees to take appropriate steps, and/or cause its PERMITTED
SUBLICENSEES, to take appropriate steps to immediately remedy or avoid such
confusion or risk of confusion

     C.     LICENSEE shall give, and shall cause the PERMITTED SUBLICENSEES to
give, LICENSOR notice of any known or presumed infringements of the LICENSED
MARKS, and LICENSEE shall render, and shall cause the PERMITTED SUBLICENSEES to
render, LICENSOR full cooperation for the protection of the LICENSED MARKS.
LICENSOR shall retain all rights to bring all actions and proceedings in
connection with infringement or misuse of the LICENSED MARKS at its sole
discretion. If LICENSOR decides to enforce the LICENSED MARKS against an
infringer, all costs incurred and recoveries made shall be for the account of
LICENSOR.

     D.     LICENSEE will not, directly or indirectly, or through the PERMITTED
SUBLICENSEES, at any time during the term of this Agreement (as defined in
Paragraph A of Article VI.), and any time thereafter, do or cause to be done
any act or thing disputing, attacking, impairing, diluting, or in any way
tending to impair or dilute LICENSOR or GE’s right, title or interest in or to
the LICENSED MARKS or the validity of the license granted herein.

     E.     LICENSEE has no right, and shall not represent that it has the right to
bind or obligate LICENSOR in any way, and shall cause the PERMITTED
SUBLICENSEES to not represent that they have the right to bind or obligate
LICENSOR in anyway.

ARTICLE VI

TERMINATION

     A.     Unless terminated pursuant to any provision of this Article VI., this
Agreement shall have a term of two (2) year from the Effective Date.

     B.     This Agreement shall terminate as to a particular country with notice
on a date established by either LICENSOR or LICENSEE if a controlling
substitute or short-form agreement is required in such country pursuant to
Paragraph IV.E. hereof and such controlling replacement agreement contains
provisions unacceptable to the party giving notice hereunder.

     C.     In the event LICENSEE does not or the PERMITTED SUBLICENSEE do not
comply with any provisions of this Agreement and LICENSOR elects to give
LICENSEE, written notice of such non-compliance, LICENSEE shall have twenty
(20) days from the receipt of such notice to remedy the breach, or cause the
PERMITTED SUBLICENSEES to remedy the breach. If the breach is not remedied
within said twenty (20) days, LICENSOR shall have the right to terminate this
Agreement at any time thereafter by giving LICENSEE notice of such termination.

     D.     The following provisions of this Agreement shall survive any
termination or expiration of this Agreement: Paragraph V.A., Paragraph V.B.,
and Paragraphs VII A., C., D., E., and F.

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ARTICLE VII

MISCELLANEOUS PROVISIONS

     A.     LICENSEE shall fully indemnify and hold harmless and LICENSOR and GE
against any and all claims, losses, damages, expenses or liability asserted
against or suffered by LICENSOR and GE and arising out of or relating to this
Agreement or the manufacture, sale, offering for sale, promotion or other
disposition of PRODUCTS, or performance, rendering, offering to perform or
render, or the promotion of SERVICES, by LICENSEE under the LICENSED MARKS,
whether or not such PRODUCTS or SERVICES conform to the required STANDARDS OF
QUALITY and whether or not LICENSOR has specifically approved the manufacture
or sale of PRODUCTS or performance of SERVICES.

     B.     This Agreement or any rights hereunder may not be assigned or otherwise
transferred or extended by LICENSEE to any party, including, without
limitation, subsidiaries and affiliates of LICENSEE without the prior written
consent of LICENSOR, and any attempted assignment, transfer or extension
without such consent shall be null and void. LICENSOR, in its sole discretion,
may assign this Agreement, and any of its rights under this Agreement, and may
delegate any of its duties under this Agreement to any affiliate of LICENSOR,
including, without limitation, GE, at any time.

     C.     Any notices or requests with reference to this Agreement shall be in
writing and shall be directed by one party to the other at its respective
address as follows:

     LICENSOR:

	 
	Monogram Licensing, Inc.
	c/o General Electric Company
	Attention: Ronald E. Myrick
	3135 Easton Turnpike
	Fairfield, CT 06431

     with a copy to:

	 
	Shearman & Sterling
	599 Lexington Avenue
	New York, New York 10022
	Attention: John A. Marzulli, Jr.
	Facsimile: (212) 848-7179

     LICENSEE:

	 
	[Global Acquisition Company]
	c/o Francisco Partners, L.P.
	2882 Sand Hill Road, Suite 280
	Menlo Park, CA 94025

7

 

	 
	Attention: Gerald R. Morgan
	Facsimile: (650) 233-2999

     with a copy to:

	 
	Jones, Day, Reavis & Pogue
	2882 Sand Hill Road, Suite 240
	Menlo Park, CA 94025
	Attention: S.M. McAvoy
	Facsimile: (650) 739-3900

     and

	 
	GXS Corporation
	100 Edison Park Drive
	Gaithersburg, MD 20878
	Attention: Vice President & General Counsel
	Facsimile: (301) 340-4251

Any party may change its address to which notices or requests shall be directed
by notice to the other party, but until such change of address has been
received, any notices or requests sent to the above addresses shall be
effective upon transmittal and shall be considered as having been received.

     D.     This instrument contains the entire agreement between the parties
hereto regarding the use of the LICENSED MARKS, and this Agreement supersedes
and cancels all previous, understandings or agreements in regard to the subject
matter hereof. This Agreement may not be released or modified in any manner,
orally or otherwise, except by an instrument in writing signed by duly
authorized representatives of the parties hereto.

     E.     This Agreement shall be governed by the laws of the State of New York.
New York State or Federal Courts shall have exclusive jurisdiction and venue
over any action or proceeding related to this Agreement.

     F.     Failure by LICENSOR at any time to enforce or require strict compliance
with any provision of this Agreement shall not affect or impair that provision
in any way or the rights of LICENSOR to avail itself of the remedies it may
have in respect of any subsequent breach of that or any other provision.

     G.     If any covenant or other provision of this Agreement is invalid,
illegal or incapable of being enforced, by reason of any rule of law,
administrative order, judicial decision, or public policy, then all other
conditions and provisions of this Agreement, nevertheless, remain in full force
and effect, and no covenant or provision shall be deemed dependent upon any
other covenant or provision unless so expressed herein.

8

 

     IN WITNESS WHEREOF, LICENSOR and LICENSEE have caused this instrument to
be executed in duplicate by their duly authorized representatives as of the
date first written above.

	 
	MONOGRAM LICENSING, INC
	 
	By: /s/ Robert G.
Copping       
	 
	Title: Treasurer                          
	 
	GXS CORPORATION
	 
	By: /s/ Jean-Jacques Charhon 
	 
	Title: Senior Vice President      

9

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