Document:

EX-10.4

 Exhibit 10.4 

FORM OF 
 INTELLECTUAL
PROPERTY CROSS LICENSE AGREEMENT 
 This INTELLECTUAL PROPERTY CROSS LICENSE AGREEMENT (this “Agreement”), dated as of
            , 2016, is made and entered into by and between Emerson Electric Co., a Missouri corporation (“Emerson”), Vertiv Co., a Delaware corporation
(“NewCo”) and [                    ], a
[                    ] corporation (“NewCo Sub”) (each a “Party” and collectively, the
“Parties”). 
 WHEREAS, pursuant to a Separation and Distribution Agreement, dated as of
[            ], 2016, between Emerson and NewCo (the “Separation Agreement”), it is contemplated that NewCo will be spun out from Emerson as a new
publicly traded company (the “Spin-off”); 
 WHEREAS, at and after the time of the Spin-off, NewCo Sub will be a wholly
owned subsidiary of NewCo; and 
 WHEREAS, pursuant to the Separation Agreement, the Parties have agreed to enter into this Agreement. 

NOW THEREFORE, in consideration of the mutual covenants contained herein and for other good and valuable consideration, the receipt and
adequacy of which are hereby acknowledged, the Parties agree as follows: 
 ARTICLE I 

DEFINITIONS 

Section 1.01. Definitions. Unless otherwise defined in this Agreement, all capitalized terms used in this Agreement have
the meanings given to such terms in the Separation Agreement. The following capitalized terms used in this Agreement shall have the meanings set forth below. 

“Emerson Trademarks” means any Trademark containing or comprising the term EMERSON or any abbreviation or
variation thereof, including the applicable Trademarks listed in Schedule B to this Agreement. 
 “Licensed Emerson
Technology Rights” means any Technology Rights owned by Emerson or any of its Subsidiaries and Used in the NP Business, in each case, as of the Distribution Date, excluding any Software provided by Emerson to Emerson business units on
a corporate-wide basis. 
 “Licensed NewCo Technology Rights” means any Technology Rights owned by NewCo or any of its
Subsidiaries immediately following the Distribution and Used by Emerson or any of its Subsidiaries in any Emerson Business as of the Distribution Date, including the patent applications listed on Schedule A. 

 “Licensed Party” means (a) NewCo, in its capacity as a licensee of the
Licensed Emerson Technology Rights pursuant to Section 2.01 (b) NewCo Sub as licensee of the Emerson Trademarks pursuant to Section 3.01, or (c) Emerson, in its capacity as a licensee of the Licensed NewCo Technology Rights
pursuant to Section 2.02. 
 “Licensing Party” means (a) Emerson, in its capacity as a licensor of the
Licensed Emerson Technology Rights pursuant to Section 2.01 or as licensor of the Emerson Trademarks pursuant to Section 3.01, or (b) NewCo, in its capacity as a licensor of the Licensed NewCo Technology Rights pursuant to Section
2.02. 
 “Patents” means (a) patents, including utility patents, design patents, re-examinations, reissues and
extensions; (b) utility models; (c) industrial designs; and (d) applications for any of the foregoing, including provisional applications, continuation applications, continuation-in-part applications, divisional applications, and any
future patents resulting from such applications. 
 “Person” means any individual, partnership, firm, corporation,
association, trust, unincorporated organization, joint venture, limited liability company, or other legal entity. 

“Representatives” means, with respect to a Party, the Subsidiaries of such Party and the directors, officers, partners,
employees, agents, consultants, contractors, advisors, legal counsel, accountants and other representatives of such Party and its Subsidiaries. 

“Software” means computer software, firmware, programs, data libraries and databases, including, source code, object code,
user interfaces, development tools, library functions, compilers, and all documentation related thereto. 
 “Subsidiaries”
means, with respect to any Person, any corporations, partnerships, limited liability companies, and other entities with respect to which such Person, directly or indirectly, owns more than 50% of the securities having the power to elect members of
the board of directors or similar body governing the affairs of such entity or otherwise exercises control over such entity. For purposes of this definition, “control” when used with respect to any Person means the power to direct
the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise. For the purpose of this Agreement, NewCo and its subsidiaries shall not be considered a Subsidiary of
Emerson. 
 “Technology Rights” means inventions, Patents, trade secrets, copyrights, Software, mask works, know-how
(including any registrations or applications for registration of any of the foregoing) or any other similar type of proprietary or intellectual property right, but excluding Trademarks. 

“Trademarks” means trademarks, service marks, trade names, corporate names, business names, trade dress, logos, domain names,
and other indicia of commercial source of origin, including all goodwill associated therewith, and all common law rights, and registrations and applications for registration thereof, and all rights therein. 

“Transition Period” means the period of time commencing as of the Distribution Date and ending one (1) year immediately
following the Distribution Date. 

  
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 “Used” with reference to Technology Rights Used by a Party or Subsidiary
as of the Distribution Date means: (a) the Technology Right covers or is incorporated into any product or service made, used, sold or imported by the Party or Subsidiary as of the Distribution Date; (b) the Technology Right covers or is
incorporated into the documentation of any product, service, or any other work of authorship under development as of the Distribution Date; or (c) the Technology Right covers a process or method practiced by the Party or Subsidiary as of the
Distribution Date. A Technology Right shall not be “Used” by a Party or a Subsidiary of a Party solely because such Technology Right covers a product or service supplied to such Party or Subsidiary by any other Party or one of its
Subsidiaries. 
 Section 1.02. Other Definitional and Interpretative Provisions. The words “hereof,”
“herein” and “hereunder” and words of like import used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. The captions herein are included for convenience of
reference only and shall be ignored in the construction or interpretation hereof. References to Articles and Sections are to Articles and Sections of this Agreement unless otherwise specified. Any singular term in this Agreement shall be deemed to
include the plural, and any plural term the singular. Whenever the words “include,” “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation,”
whether or not they are in fact followed by those words or words of like import. “Writing,” “written” and comparable terms refer to printing, typing and other means of reproducing words (including electronic media) in a visible
form. References to any agreement or contract are to that agreement or contract as amended, modified or supplemented from time to time in accordance with the terms thereof. References to any Person include the successors and permitted assigns of
that Person. References from or through any date mean, unless otherwise specified, from and including or through and including, respectively. References to “law,” “laws” or to any Applicable Law shall be deemed to refer to such
law or Applicable Law as amended from time to time, except as otherwise specified herein, and to any rules or regulations promulgated thereunder. The Parties have participated jointly in the negotiation and drafting of this Agreement and, in the
event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as jointly drafted by the Parties and no presumption or burden of proof shall arise favoring or disfavoring any Party by virtue of the authorship of
any provision of this Agreement. 
 ARTICLE II 

TECHNOLOGY LICENSE GRANTS 

Section 2.01. Grant from Emerson to NewCo. Emerson, on behalf of itself and its Subsidiaries, hereby grants, effective as
of the Distribution Date, to NewCo and its present and future Subsidiaries, a non-exclusive, perpetual, worldwide, irrevocable, non-sublicensable, transferable (in accordance with Section 8.05), royalty-free and fully paid-up license to make,
have made, use, sell, offer to sell, import, copy, reproduce, prepare derivative works of, distribute copies of, perform, display, provide, commercialize, legally dispose of, and otherwise fully exploit the Licensed Emerson Technology Rights but
solely in connection with the conduct of the NP Business as currently conducted and any natural extensions or evolutions thereof. 

  
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 Section 2.02. Grant from NewCo to Emerson. NewCo, on behalf of itself and its
Subsidiaries, hereby grants, effective as of the Distribution Date, to Emerson and its present and future Subsidiaries, a non-exclusive, perpetual, worldwide, irrevocable, non-sublicensable, transferable (in accordance with Section
8.05), royalty-free and fully paid-up license to make, have made, use, sell, offer to sell, import, copy, reproduce, prepare derivative works of, distribute copies of, perform, display, provide, commercialize, legally dispose of, and
otherwise fully exploit the Licensed NewCo Technology Rights but solely in connection with the conduct of any Emerson Business as currently conducted and any natural extensions or evolutions thereof. 

Section 2.03. Rights to the Licensed Party. The licenses granted in Section 2.01 and Section 2.02 shall include the following
rights: 
 (a) The Licensed Party may permit third parties, including distributors, resellers, service providers and contract manufacturers,
contracted by the Licensed Party to (i) manufacture products and components for the Licensed Party; (ii) supply products, components or services to the Licensed Party; or (iii) develop or distribute products or components or provide
services on behalf of the Licensed Party. 
 (b) The Licensed Party may permit end users and consumers of licensed products and services to
use such products and services in the ordinary course of business (including ordinary customer configuration and modification). 

Section 2.04. Rights Relating to Certain Joint Development Projects. The Parties acknowledge and agree that, prior to the
Distribution Date, certain of their Subsidiaries have collaborated in the design, development and manufacture of certain products and wish to clarify ownership of and rights to Technology Rights relating to such products as follows: 

(a) Appleton – ENPIS Collaboration. Appleton Grp LLC (“Appleton”), a Subsidiary of Emerson, and
Emerson Network Power Industrial Systems SAS (“ENPIS”), a Subsidiary of NewCo, have collaborated in connection with the design, development, and manufacture of certain enclosures supplied by Appleton to ENPIS for use on UPS and
battery monitoring systems sold by ENPIS (“Enclosure Designs”). Except as provided below with respect to the patent applications, and subject to Section 2.05, Appleton and ENPIS shall each have an equal and undivided joint
ownership interest (without any duty to account) in any Technology Rights relating to the Enclosure Designs. ENPIS has filed patent applications covering the Enclosure Designs as identified on Schedule A, which shall be retained by ENPIS. Appleton
shall retain exclusive ownership of certification drawings, documents, test reports and data which are compiled by Appleton for the purpose of obtaining the ATEX or other certification for the Enclosure Designs (the “Certification
Files”) and which do not include customized drawings. Such Certification Files shall not be considered part of the Technology Rights licensed to ENPIS. Except as provided above with respect to Certification Files, all other Technology
Rights relating to the Enclosure Designs, including the patent applications listed on Schedule A, shall be considered part of the Technology Rights cross-licensed under Section 2.01 and Section 2.02, and Appleton and ENPIS shall have the right to
use any documents or drawings in either’s possession relating to the Enclosure Designs (except for and excluding Certification Files), including to make or have made products in accordance with the Enclosure 

  
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Designs. For the avoidance of doubt, the foregoing license of Technology Rights shall include customized documents or drawings prepared for a dedicated project or customer, except for any
documents or drawings that are part of the Certification Files. 
 (b) Dixell – ENP Collaboration. Dixell Srl
(“Dixell”), a Subsidiary of Emerson, and Emerson Network Power Srl (“ENP”), a Subsidiary of NewCo, have collaborated in connection with the design, development, and manufacture of the following electronic
controls: 
 (i) SuperCap / Hilon 2G. SuperCap and Hilon 2G products are manufactured by Dixell based on
product designs created by ENP. ENP shall retain ownership of any Technology Rights relating to the SuperCap and Hilon 2G products. Any such Technology Rights shall be part of the Licensed NewCo Technology Rights licensed by NewCo to Emerson and its
Subsidiaries under Section 2.02, and Dixell shall have the right to continue to use Software, documents and drawings in its possession, including the right to manufacture and sell SuperCap and Hilon 2G products. 

(ii) Dual Electronic Expansion Valve Driver. Dixell designed hardware for a dual electronic expansion valve driver per
ENP’s specifications (the “Valve Driver Hardware Design”), which, though custom designed to meet ENP’s specification, is similar in function to other valve drivers designed and sold by Dixell. ENP shall retain ownership of
any Technology Rights exclusively related to the Valve Driver Hardware Design. Technology Rights that are exclusively related to the Valve Driver Hardware Design shall not be part of the Licensed NewCo Technology Rights licensed by NewCo under
Section 2.02, and Dixell shall not have a license to use any confidential documents, specifications, or drawings relating to the Valve Driver Hardware Design to design or manufacture similar products for others, but shall have the right to continue
to design and manufacture valve drivers without use of any confidential information, documents, specifications, or drawings of ENP. 

(iii) iPro Software. Dixell supplies to ENP a controller developed by Dixell and sold by Dixell to ENP and others under
the brand name iPro. The iPro controllers supplied to ENP include Software developed by Dixell as well as certain application Software developed by ENP. Dixell shall retain ownership of Technology Rights relating to the iPro hardware and all
Software developed by Dixell. ENP shall retain ownership of all Technology Rights relating to the application Software developed by ENP. Technology Rights relating to such hardware, Software, and the application Software shall not be part of the
Technology Rights cross-licensed under Section 2.01 and Section 2.02. ENP shall have no license to Technology Rights relating to iPro hardware or Software developed by Dixell, and application Software created by ENP shall only be used by Dixell on
iPro controllers supplied to ENP.  
 Section 2.05. Improvements. As between the Parties, any modification,
derivative work or improvement (“Improvement”) of any Technology Rights made after the Distribution Date and all intellectual property rights therein, shall be owned by the Party making such Improvement. No rights are granted
hereunder to any Improvements or any Technology Rights therein. 

  
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 Section 2.06. Transfer of Materials. The Parties acknowledge and agree that as
of the Distribution Date, each Party possesses all drawings, documents, Software and other physical embodiments of the Technology Rights licensed from or jointly owned with any other Party under this Agreement. This Agreement does not impose any
obligation on any Party to provide any other Party with any such materials or any Improvement after the Distribution Date. 

ARTICLE III 
 TRADEMARK
LICENSE GRANT 
 Section 3.01. Trademark Licenses to NewCo Sub. Emerson hereby grants, effective as of the
Distribution Date, to NewCo Sub, a non-exclusive, worldwide, transferable (in accordance with Section 8.05), royalty-free and fully paid-up license to use the Emerson Trademarks during the Transition Period solely (i) in connection with
the NP Business, (ii) in a manner consistent with the use of the Emerson Trademarks by NewCo and its Subsidiaries as of the Distribution Date to the extent necessary for NewCo and its Subsidiaries to continue the NP Business following the
Distribution Date in the same manner and in the same geographic area as operated immediately prior to the Distribution Date, and (iii) for the purpose of facilitating NewCo and its Subsidiaries’ transition to Trademarks not containing and
not confusingly similar to the Emerson Trademarks. The foregoing license shall include the right of NewCo Sub during the Transition Period to permit third party service providers, contractor manufacturers, resellers and distributors contracted by
NewCo or its Subsidiaries to sell, offer to sell, make, and have made products and services bearing the Emerson Trademarks. NewCo Sub shall have the right to sublicense its rights under this Article III to NewCo or any of its Subsidiaries. All terms
and obligations applicable to NewCo Sub under this Article III shall apply equally to all sublicensees and any act or omission of each sublicensee shall be deemed an act or omission of NewCo Sub, and NewCo Sub shall be liable for any such acts or
omissions. 
 Section 3.02. Discontinuing Use of Emerson Trademarks. 

(a) Except as provided in subsection (b) below, NewCo and its Subsidiaries shall discontinue all uses of the Emerson Trademarks by the end
of the Transition Period, except that NewCo and its Subsidiaries shall discontinue all uses of Emerson Trademarks in connection with stationery, business cards, and websites (other than product and service literature and other documents viewable or
downloadable from websites) on or before one-hundred eighty (180) days immediately following the Distribution Date. Notwithstanding the foregoing, nothing in this Section 3.02 shall prevent NewCo and its Subsidiaries from making reference
to the Emerson Trademarks in a fair use or non-trademark manner as is reasonably necessary and appropriate to describe the historical relationship of the Parties. 

(b) NewCo and its Subsidiaries will not be obligated to modify any finished goods inventories to which an Emerson Trademark was affixed prior
to the expiration of the Transition Period and may continue to sell any such goods until the earlier of (i) the depletion of such inventory or (ii) one hundred twenty (120) days after the end of the Transition Period. 

  
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 (c) [On or before one hundred and eighty (180) days immediately following the Distribution
Date, NewCo shall cause the following Subsidiaries to change to names that do not include, and are not confusingly similar to any of the Emerson Trademarks:] 

Section 3.03. Proper Use of Emerson Trademarks. NewCo and its Subsidiaries shall use and display Emerson Trademarks only in
the manner authorized, approved, and prescribed by Emerson. NewCo and its Subsidiaries shall not use the Emerson Trademarks as part of any corporate name, domain name, “d/b/a,” business name, or partnership name of NewCo or its
Subsidiaries, except as otherwise provided in Section 3.02(c). All goodwill arising from NewCo’s and its Subsidiaries’ use of the Emerson Trademarks shall inure to the exclusive benefit of Emerson. 

Section 3.04. Quality of Goods and Services. NewCo and its Subsidiaries shall maintain the quality of the goods and
services offered under or in association with Emerson Trademarks at a level equal to or better than that maintained by NewCo and its Subsidiaries prior to the Distribution Date. Emerson shall have the right, at all reasonable times, to inspect the
goods and services of NewCo and its Subsidiaries provided under the Emerson Trademarks to ensure that they are of the proper quality, provided Emerson provides NewCo or the applicable Subsidiary 48 hour prior written notice of such inspection, such
inspection is during NewCo’s or the applicable Subsidiary’s business hours, and such inspection does not unreasonably disrupt the day-to-day operations of NewCo and its Subsidiaries. 

Section 3.05. NewCo and NewCo Sub Indemnification. NewCo and NewCo Sub shall defend and hold Emerson and its Subsidiaries
(“Emerson Indemnitees”) harmless against any and all claims, suits, proceedings, costs, damages and judgments incurred or claimed by third parties arising from or in connection with any of NewCo’s or its Subsidiaries’
manufacture, marketing, sale, or use of products or services under the Emerson Trademarks after the Distribution Date, and shall indemnify each Emerson Indemnitee for all damages and costs awarded by a court of competent jurisdiction and reasonable
expenses (including reasonable attorneys’ fees) incurred in connection with such claims, suits or proceedings. NewCo’s and NewCo Sub’s obligation under this Section 3.05 shall be conditioned upon: (i) the Emerson Indemnitee
giving NewCo and NewCo Sub written prompt notice of any such claim, suit, or proceeding, provided that the failure of the Emerson Indemnitee to provide such notice shall not relieve NewCo and NewCo Sub of any obligation they may have to defend or
indemnify, except to the extent that NewCo’s and NewCo Sub’s ability to fulfill such obligation has been actually and materially prejudiced thereby; (ii) NewCo and NewCo Sub having full control of the defense and/or settlement
thereof, including appeals; and (iii) each Emerson Indemnitee cooperating with NewCo and NewCo Sub to facilitate the defense or settlement of such claim. The above indemnity will not apply to the extent such claim, suit or proceeding is:
(a) due to the intentional misconduct or gross negligence of the Emerson Indemnitees; or (b) based solely on a claim for trademark infringement arising from NewCo’s and its Subsidiaries’ uses of the Emerson Trademarks as
permitted herein. 

  
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 ARTICLE IV 

COVENANTS 

Section 4.01. Prosecution and Maintenance. Each Licensing Party retains the sole right to protect at its sole discretion
the licensed Technology Rights and Trademarks owned by such Licensing Party, including deciding whether and how to file and prosecute applications to register patents, trademarks, domain names, copyrights and mask work rights, whether to abandon
prosecution of such applications, whether to discontinue payment of any maintenance of renewal fees with respect to any patents, and whether to renew any trademark or domain name registrations. 

Section 4.02. Third Party Infringements. Each Licensed Party shall promptly notify the Licensing Party in writing of any
actual or possible infringement, misappropriation or other violation by a third party of the Technology Rights or Trademarks owned by such Licensing Party being licensed hereunder that come to such Licensed Party’s attention, as well as the
identity of such third party and any evidence of such infringement, misappropriation or other violation within such Licensed Party’s custody or control that such Licensed Party is reasonably able to provide. The Licensing Party shall have the
sole right to determine at its sole discretion whether any action shall be taken in response to such infringement, misappropriation or other violation. 

ARTICLE V 
 TERMINATION;
EXCLUSIVE REMEDIES 
 Section 5.01. Termination and Exclusive Remedies. This Agreement may only be terminated upon
the mutual written agreement of the Parties. This Agreement and the licenses to Technology Rights granted hereunder shall be perpetual and irrevocable and shall not expire or terminate for any other reason. The Parties acknowledge and agree that the
sole and exclusive remedies for any breach or violation of the terms and conditions of this Agreement shall be the award of monetary damages and/or injunctive or other equitable relief.  

ARTICLE VI 

CONFIDENTIALITY 

Section 6.01. Confidential Information. The provisions of this ARTICLE VI shall apply to any confidential or proprietary
information or materials included in the Technology Rights licensed pursuant to this Agreement (“Confidential Information”). Each Party (“Receiving Party”) shall keep all Confidential Information of the other
Parties (“Disclosing Party”) confidential and shall not disclose any such Confidential Information to any third party (other than its Representatives who have a need-to-know such Confidential Information and are licensed to receive
such Confidential Information under ARTICLE II) without the prior written consent of the Disclosing Party. The Receiving Party shall exercise at least the same degree of care to safeguard the confidentiality of the Disclosing Party’s
Confidential Information as it does to safeguard its own proprietary or confidential information of equal importance, but not less than a commercially reasonable degree of care. 

  
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 Section 6.02. Exclusions. The confidentiality obligations in this ARTICLE VI
shall not apply to any Confidential Information which: 
 (a) is or becomes generally available to and known by the public (other
than as a result of a non-permitted disclosure or other wrongful act directly or indirectly by the Receiving Party or its Representatives), 

(b) is or becomes available to the Receiving Party on a non-confidential basis from a source other than the Disclosing Party, provided that
the Receiving Party has no knowledge that such source was at the time of disclosure to the Receiving Party bound by a confidentiality agreement with or other obligation of secrecy which was breached by the disclosure, 

(c) has been or is hereafter independently acquired or developed by the Receiving Party without reference to such Confidential Information and
without otherwise violating any confidentiality agreement with or other obligation of secrecy to the Disclosing Party, 
 (d) was in the
possession of the Receiving Party at the time of disclosure by the Disclosing Party without restriction as to confidentiality, or 
 (e) is
required (by oral question, interrogatories, requests for information or documents, subpoena, civil investigative demand or similar process) to be disclosed by any Governmental Authority or pursuant to Applicable Law, provided that the Receiving
Party (i) uses all reasonable efforts to provide the Disclosing Party with written notice of such request or demand as promptly as practicable under the circumstances so that the Disclosing Party shall have an opportunity to seek an appropriate
protective order or other appropriate remedy, (ii) furnishes only that portion of the Confidential Information which is in the opinion of the Receiving Party’s counsel legally required, and (iii) takes, and causes its Representatives
to take, all other reasonable steps necessary to obtain confidential treatment for any such Confidential Information required to be furnished. 

Section 6.03. Confidentiality Obligations. The Receiving Party shall ensure, by instruction, contract, or otherwise with
its Representatives that such Representatives comply with the provisions of this ARTICLE VI. The Receiving Party shall be jointly and severally liable and shall indemnify and hold harmless the Disclosing Party in the event of any breach by the
Receiving Party’s Representatives of this ARTICLE VI. The Receiving Party shall promptly notify the Disclosing Party in the event that the Receiving Party learns of any unauthorized use or disclosure of such Confidential Information by it or
its Representatives, and shall promptly take all actions necessary to correct and prevent such use or disclosure. 

Section 6.04. Confidentiality Period. Notwithstanding any termination of this Agreement, the Receiving Party’s
obligations with respect to Confidential Information expire five (5) years from the date of its disclosure, except for trade secrets, which shall remain subject to the terms of this ARTICLE VI for so long as they constitute a trade secret under
Applicable Law. 

  
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 ARTICLE VII 

DISCLAIMER OF WARRANTIES; ASSUMPTION OF RISK 

Section 7.01. Warranty and Disclaimer. NOTWITHSTANDING ANYTHING TO THE CONTRARY HEREIN, THE TECHNOLOGY RIGHTS LICENSED BY
EACH LICENSING PARTY PURSUANT TO THIS AGREEMENT AND THE EMERSON TRADEMARKS LICENSED HEREUNDER ARE FURNISHED “AS IS” AND “WHERE IS,” WITH ALL FAULTS AND WITHOUT WARRANTY OF ANY KIND, EXPRESS, IMPLIED, STATUTORY OR OTHERWISE,
INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR ANY PARTICULAR PURPOSE, TITLE, NON-INFRINGEMENT, QUALITY, USEFULNESS, COMMERCIAL UTILITY, ADEQUACY, COMPLIANCE WITH ANY LAW, DOMESTIC OR FOREIGN, AND IMPLIED WARRANTIES ARISING FROM COURSE OF
DEALING OR COURSE OF PERFORMANCE (IT BEING UNDERSTOOD THAT NOTHING HEREIN IS INTENDED TO LIMIT ANY REPRESENTATION OR WARRANTY SET FORTH IN THE SEPARATION AGREEMENT). 

ARTICLE VIII 

MISCELLANEOUS PROVISIONS 

Section 8.01. Relationship of the Parties. Nothing contained herein is intended or shall be deemed to make any Party the
agent, employee, partner or joint venturer of any other Party or be deemed to provide such Party with the power or authority to act on behalf of any other Party or to bind any other Party to any contract, agreement or arrangement with any other
individual or entity. 
 Section 8.02. Notices. All notices, requests and other communications to any Party shall
be in writing (including facsimile transmission and electronic mail (“e-mail”) transmission, so long as a receipt of such e-mail is requested and received) and shall be given, 

if to NewCo or NewCo Sub, to: 

Vertiv Co. 
 1050 Dearborn
Drive 
 Columbus, OH 43085 

Attention: General Counsel 

E-mail: [address] 
 with a copy
(which shall not constitute notice) to: 
 [NewCo’s counsel] 

[Address] 
 [Address] 

Attention: [name] 
 Facsimile
No.: [number] 
 E-mail: [address] 

  
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 if to Emerson, to: 

Emerson Electric Co. 
 8000
West Florissant Avenue 
 P.O. Box 4100 

St. Louis, MO 63136 
 Attention:

 Facsimile No.: 
 E-mail:

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

Davis Polk & Wardwell LLP 

450 Lexington Avenue 
 New York,
NY 10017 
 Attention:          

Facsimile No.: 
 Email: 

             

or such other address or facsimile number as such Party may hereafter specify for the purpose by notice to any other Party. All such notices,
requests and other communications shall be deemed received on the date of receipt by the recipient thereof if received prior to 5:00 p.m. in the place of receipt and such day is a business day in the place of receipt. Otherwise, any such notice,
request or communication shall be deemed not to have been received until the next succeeding business day in the place of receipt. 

Section 8.03. Amendments and Waivers.  

(a) Any provision of this Agreement may be amended or waived if, but only if, such amendment or waiver is in writing and is signed, in the case
of an amendment, by each Party, or in the case of a waiver, by the Party against whom the waiver is to be effective. 
 (b) No failure or
delay by any Party in exercising any right, power or privilege hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or
privilege. The rights and remedies herein provided shall be cumulative and not exclusive of any rights or remedies provided by law. 

Section 8.04. Expenses. Except as otherwise provided herein, all costs and expenses incurred in connection
with this Agreement shall be paid by the Party incurring such cost or expense. 

  
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 Section 8.05. Assignment. Except as otherwise provided herein, no Party shall
have the right to assign or transfer this Agreement, in whole or in part, without the prior written consent of the other Parties, which may be withheld in the other Parties’ sole discretion. Notwithstanding the foregoing, each Party shall have
the right to assign this Agreement or its rights, licenses, and obligations under this Agreement without the consent of the other Parties as follows: 

(a) NewCo and NewCo Sub, on the one hand, and Emerson, on the other hand, may assign this Agreement in its entirety in conjunction with the
sale by Emerson or NewCo, as the case may be, by merger, stock or asset transfer, of all or substantially all of the business to which this Agreement pertains. 

(b) NewCo and NewCo Sub, on the one hand, and Emerson, on the other hand, may make a partial assignment of their rights, licenses and
obligations received hereunder in connection with the sale or disposal of a Subsidiary or business unit or substantially all assets of a Subsidiary or business unit, provided however, that upon such assignment, the rights, licenses and obligations
received hereunder shall be limited to the operation of such divested Subsidiary or business unit and the products, services, and assets of such divested Subsidiary or business unit, in each case, as of the date of such sale or disposal and any
natural extensions or evolutions thereof. 
 (c) Emerson or NewCo may assign its obligations as Licensing Party in connection with the sale
or assignment of any Technology Rights licensed by such Party hereunder at any time without the consent of the Licensed Party. The Parties agree that the rights and licenses granted in this Agreement shall attach as a property interest to the
Technology Rights under which the rights and licenses are granted, and that subsequent assignees or transferees of such Technology Rights shall acquire their rights subject to the rights and licenses granted herein. 

(d) In the case of an assignment pursuant to subsections (a) or (b) above, (i) such assigning Party or Parties shall provide
written notice to the other Party or Parties of such assignment within thirty days of its effective date, (ii) the assignee shall agree in writing to assume all applicable obligations of the assigning Party or Parties and to be subject to the
terms and conditions of this Agreement, and (iii) such assigning Party or Parties shall not be relieved of any of its accrued obligations hereunder. For clarity, in the case of an assignment pursuant to subsections (a) or (b) above,
the rights and licenses granted hereunder shall exclude the products and services of any third party acquirer of the assigning Party and such acquirer’s current or future Affiliates. 

Section 8.06. Dispute Resolution. The Parties acknowledge and agree that Article 8 of the Separation Agreement shall apply,
mutatis mutandis, with respect to any disputes, controversies or claims (whether arising in contract, tort or otherwise) that may arise out of, relate to, arise under or in connection with this Agreement or the transactions
contemplated hereby. 
 Section 8.07. Governing Law. This Agreement shall be governed by and construed in
accordance with the law of the State of New York, without regard to the conflicts of law rules of such state. 

  
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 Section 8.08. Jurisdiction. Subject to Section 8.06, the Parties agree
that any suit, action or proceeding seeking to enforce any provision of, or based on any matter arising out of or in connection with, this Agreement or the transactions contemplated hereby shall be brought in the United States District Court for the
Southern District of New York or any New York State court sitting in New York City, so long as one of such courts shall have subject matter jurisdiction over such suit, action or proceeding, and that any cause of action arising out of this Agreement
shall be deemed to have arisen from a transaction of business in the State of New York, and each of the Parties hereby irrevocably consents to the jurisdiction of such courts (and of the appropriate appellate courts therefrom) in any such suit,
action or proceeding and irrevocably waives, to the fullest extent permitted by law, any objection that it may now or hereafter have to the laying of the venue of any such suit, action or proceeding in any such court or that any such suit, action or
proceeding brought in any such court has been brought in an inconvenient forum. Process in any such suit, action or proceeding may be served on any Party anywhere in the world, whether within or without the jurisdiction of any such court. Without
limiting the foregoing, each Party agrees that service of process on such Party as provided in Section 8.02 shall be deemed effective service of process on such Party. 

Section 8.09. Counterparts; Effectiveness. This Agreement may be signed in any number of counterparts, each of which shall
be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.  
 Section 8.10.
Entire Agreement. This Agreement, together with the rights and obligations contemplated by the Separation Agreement, constitutes the entire agreement between the Parties with respect to the subject matter hereof and thereof and supersedes
all prior agreements and understandings, both oral and written, between the Parties with respect to the subject matter hereof and thereof. 

Section 8.11. Severability. If any term, provision, covenant or restriction of this Agreement is held by a court of
competent jurisdiction or other Governmental Authority to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall remain in full force and effect and shall in no way be affected,
impaired or invalidated so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any Party. Upon such a determination, the Parties shall negotiate in good faith to modify
this Agreement so as to effect the original intent of the Parties as closely as possible in an acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the fullest extent possible. 

Section 8.12. Section 365(n) of the Bankruptcy Code. All rights and licenses granted under 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. 

Section 8.13. Reservation of Rights. All rights not expressly granted by each Licensing Party hereunder are reserved by
such Licensing Party. Without limiting the generality of the foregoing, each Licensed Party expressly acknowledges that nothing contained herein  

  
 13 

 
shall be construed or interpreted as a grant, by implication or otherwise, of any licenses other than the licenses expressly set forth in ARTICLE II and ARTICLE III. The licenses granted in this
Agreement are subject to, and limited by, any and all licenses, rights, limitations and restrictions previously granted to or otherwise obtained by any third party that are in effect as of the Distribution Date. 

[The remainder of this page has been intentionally left blank; the next page is the signature page.] 

  
 14 

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

			
	EMERSON ELECTRIC CO.
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	VERTIV CO.
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	[                    ]
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 15EX-10.9

 Exhibit 10.9 

FORM OF 
 TRADEMARK
LICENSE AGREEMENT 
 This TRADEMARK LICENSE AGREEMENT (this “Agreement”) dated
                    (the “Effective Date”), between Automatic Switch Company, a corporation incorporated under the laws of Delaware,
and ASCO Controls, L.P., a limited partnership formed under the laws of Delaware (collectively, “Licensor”), and [        ], a corporation incorporated under the laws of
[        ] (“Licensee”) (each a “Party” and collectively, the “Parties”). 

WHEREAS, before the Effective Date, Licensor and Licensee were both subsidiaries of Emerson Electric Co. (“Emerson”); 

WHEREAS, pursuant to a Separation and Distribution Agreement, dated as of          (the
“Separation Agreement”), between Emerson and Vertiv Co. (“Vertiv”), it is contemplated that Vertiv will be spun out from Emerson as a new publicly traded company (the “Spin-off”); 

WHEREAS, at and after the time of the Spin-off, the Licensee will be a wholly owned subsidiary of Vertiv; and 

WHEREAS, pursuant to the Separation Agreement, Licensee has agreed to enter into this Agreement, and Emerson has agreed to cause Licensor to
enter into this Agreement. 
 NOW, THEREFORE, the Parties agree as follows: 

ARTICLE 1 

DEFINITIONS 

Section 1.01. Definitions. The following terms, as used herein, have the following meanings: 

“Affiliate” means, with respect to any Person, any other Person directly or indirectly controlling, controlled by, or under
common control with such Person. For the purpose of this Agreement, Vertiv and its Subsidiaries shall not be considered Affiliates of Licensor. 

“Applicable Law” means, with respect to any Person, any federal, state or local law (statutory, common or otherwise),
constitution, treaty, convention, ordinance, code, rule, regulation, order, injunction, judgment, decree, ruling or 

 
other similar requirement enacted, adopted, promulgated or applied by a Governmental Authority that is binding upon or applicable to such Person, as amended unless expressly specified otherwise.

 “Business Day” means a day, other than Saturday, Sunday or other day on which commercial banks in New York, New York are
authorized or required by Applicable Law to close. 
 “Business Materials” means signs, business cards, invoices,
letterhead, agreements and other commercial documents. 
 “Change of Control” of a Person means (i) the sale, lease,
transfer, conveyance or other disposition, in one or a series of related transactions, of all or substantially all of the assets of such Person and its Subsidiaries, taken as a whole, or (ii) a transaction or series of transactions (including
by way of merger, consolidation, sale of stock or otherwise) the result of which is that any Person or “group” (as defined in Section 13 of the Securities Exchange Act of 1934) becomes the “beneficial owner” (as such term is
defined in Rule 13d-3 and Rule 13d-5 promulgated under the Securities Exchange Act), directly or indirectly, of more than 50% of the voting power of the outstanding voting stock of such Person entitled to vote generally in elections of directors of
such Person. 
 “Control” (including, with correlative meanings, the terms “controlling”, “controlled
by” or “under common control with”), as used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person, whether through the
ownership of voting securities, by contract or otherwise. 
 “Corporate Identity” means any business or corporate entity
name, trade name or other business or corporate identifier (e.g., “d/b/a”). 
 “Critical Power Systems Market”
means Licensed Products that are primarily intended for use alone or as a part of a system for managing electrical power for data centers, communications networks, and commercial/industrial applications as well as small surge protection devices and
automatic transfer switches used in residential and light commercial applications. 
 “Fluid Automation Market” means
products that are primarily intended for use as part of a system for controlling fluids (liquids and gases), including the expressly excluded products set forth on Exhibit B. 

“Governmental Authority” means any transnational, domestic or foreign federal, state or local, governmental authority,
department, court, agency or official, including any political subdivision thereof. 

  
 2 

 “License” means the license granted to Licensee in Section 2.01 and any
permitted sub-license granted pursuant to Section 2.02. 
 “Licensed Marks” means the Licensed Trademark and the
Licensed Service Marks. 
 “Licensed Product” means a product whose primary design and purpose is for the management of
electrical power, including those products set forth on Exhibit B and future extensions thereof, provided that in no event shall the following constitute Licensed Products hereunder: (i) any products within the Fluid Automation Market, or
(ii) any products or services currently manufactured, sold or provided by Licensor or any of its Affiliates under the ASCO brand and future extensions of such products or services, including those expressly excluded products set forth on
Exhibit B. 
 “Licensed Service” means any service related primarily to the installation, maintenance, repair, use, and
monitoring of Licensed Products, including educational services relating thereto. 
 “Licensed Service Marks” means the
service marks “ASCO Power Services,” “ASCO Power Technologies” or such other mark comprising “ASCO Power” as may be approved in writing by Licensor in its discretion. 

“Licensed Trademark” means the trademark “ASCO.” 

“Licensor Competitor” means any Person that, in the sole judgment of Licensor, engages in a business that competes with any
business now or hereafter conducted by Licensor or any of its present or future Affiliates. 
 “Person” means an
individual, corporation, partnership, limited liability company, association, trust or other entity or organization, including a Governmental Authority. 

“Promotional Material” means all material used in the promotion of, or otherwise in connection with, any Licensed Products or
Licensed Services (whether written or recorded in any other medium) as permitted in this Agreement, and includes artwork, advertising materials (irrespective of the medium in which they are record), display materials, packaging materials, brochures,
product specifications and drawings, videos, broadcasts, and posters (including any material used on a World Wide Information Distribution Medium). 

“Social Media Identifier” means any name, mark or other identifier (either alone or in combination with any other name, mark
or other identifier) used to establish an account, screen name, nickname or “handle” on, or means to locate any, social media product, service, application or tool (e.g., Twitter, 

  
 3 

 
Facebook, etc.) or similar service (now known or hereafter known), including any of the foregoing that permits the exchange of user generated content on the internet (e.g., YouTube). 

“Subsidiary” means, with respect to any Person, any entity of which securities or other ownership interests having
ordinary voting power to elect a majority of the board of directors or other persons performing similar functions are at any time directly or indirectly owned by such Person. For the purpose of this Agreement, Vertiv and its Subsidiaries shall not
be considered Subsidiaries of Licensor. 
 “World Wide Information Distribution Medium” is a means of simultaneously
(or nearly simultaneously) distributing information to all or most countries in the world and which permits contemporaneous (or nearly contemporaneous) access to that information in those countries, and includes the internet. 

Section 1.02 Terms Defined in the Body of this Agreement. Each of the following terms is defined in the Section set forth
opposite such term: 
  

									
	 	  	Term	 	 	  	Section	  	 
		  	Agreement	 		  	Preamble	  	
		  	Acquired Business	 		  	2.04	  	
		  	Acquiring Party	 		  	2.04	  	
		  	Damages	 		  	4.03	  	
		  	Effective Date	 		  	Preamble	  	
		  	Licensee	 		  	Preamble	  	
		  	Licensor	 		  	Preamble	  	
		  	Non-Conforming Use	 		  	3.04(a)	  	
		  	Party	 		  	Preamble	  	
		  	Parties	 		  	Preamble	  	
		  	Permitted Corporate Identity	 		  	2.06	  	
		  	Permitted Domain Name	 		  	Section 2.05	  	
		  	Separation Agreement	 		  	Preamble	  	
		  	Transition Period	 		  	3.04(a)	  	

 Section 1.03. Other Definitional and Interpretative Provisions. The words
“hereof,” “herein” and “hereunder” and words of like import used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. The captions herein are included for
convenience of reference only and shall be ignored in the construction or interpretation hereof. References to Articles, Sections and Exhibits are to Articles, Sections and Exhibits of this Agreement unless otherwise specified. All Exhibits annexed
hereto or referred to herein are hereby incorporated in and made a part of this  

  
 4 

 
Agreement as if set forth in full herein. Any capitalized terms used in any Exhibit but not otherwise defined therein, shall have the meaning as defined in this Agreement. Any singular term in
this Agreement shall be deemed to include the plural, and any plural term the singular. Whenever the words “include,” “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the
words “without limitation,” whether or not they are in fact followed by those words or words of like import. “Writing,” “written” and comparable terms refer to printing, typing and other means of reproducing words
(including electronic media) in a visible form. References to any agreement or contract are to that agreement or contract as amended, modified or supplemented from time to time in accordance with the terms hereof and thereof. References to any
Person include the successors and permitted assigns of that Person. References from or through any date mean, unless otherwise specified, from and including or through and including, respectively. References to “law,” “laws” or
to a particular statute or law shall be deemed also to include any and all Applicable Law. 
 ARTICLE 2 

GRANT OF LICENSE 

Section 2.01. Grant of License. 

(a) Products. Subject to the terms and conditions of this Agreement, Licensor hereby grants to Licensee a worldwide, perpetual (except
as set forth in Article 5), revocable (as provided in Section 5.03), royalty-free, non-exclusive license to use the Licensed Trademark solely in connection with Licensed Products. During the term of this Agreement, neither Licensor nor any of its
Affiliates shall, or shall authorize any third party to, market, promote or sell any Licensed Products bearing the Licensed Trademark in the Critical Power Systems Market. 

(b) Services. Subject to the terms and conditions of this Agreement, Licensor hereby grants to Licensee a worldwide, perpetual (except
as set forth in Article 5), revocable (as provided in Section 5.03), royalty-free, non-exclusive license to use the Licensed Service Marks solely in connection with Licensed Services. During the term of this Agreement, neither Licensor nor any of
its Affiliates shall, or shall authorize any third party to, market, promote or sell any Licensed Services bearing the Licensed Service Marks in the Critical Power Systems Market. 

Section 2.02. Sublicense Rights. Licensee may sublicense its rights under the License to Vertiv or any Subsidiary of Vertiv
that is not a Licensor Competitor provided that: 

  
 5 

 (a) any sublicense shall be in writing and contain terms that bind the sublicensee to the terms
and conditions of this Agreement; 
 (b) no sublicensee shall have the right to assign or sublicense its rights under an assignment or
sublicense to any third party; 
 (c) Licensee shall provide a copy of any executed sublicenses to the Licensor; 

(d) any sublicense granted pursuant to this Section 2.02 shall automatically terminate upon the termination of this Agreement; 

(e) any sublicense granted pursuant to this Section 2.02 to any Subsidiary of Vertiv shall automatically terminate upon the date the
applicable sublicensee ceases to be a Subsidiary of Vertiv; 
 (f) any sublicense granted pursuant to this Section 2.02 to Vertiv shall
automatically terminate upon the date Licensee ceases to be a direct or indirect Subsidiary of Vertiv; 
 (g) all terms and obligations
applicable to Licensee shall equally apply to all sublicensees and all acts and omissions of each sublicensee shall be deemed an act or omission of Licensee (including any breach by the sublicensee of the terms and conditions of this Agreement
related to the use of the Licensed Marks) and Licensee shall be liable for any such acts or omissions; and 
 (h) Licensee shall at all
times and at its own cost enforce compliance by each sublicensee with the terms and conditions of this Agreement. 

Section 2.03 Permitted Third Party and Affiliate Uses. Licensee may sell, make, and have made Licensed Products bearing the
Licensed Trademark and provide Licensed Services under the Licensed Service Marks, respectively, through Affiliates or third party distributors, representatives, resellers, contractors, or service providers; provided that Licensee (1) may not
sublicense any rights granted to Licensee under the License to any such Affiliates or third parties (except as provided in Section 2.02), and (2) shall be solely and exclusively responsible for any breach or violation of the terms and
conditions of this Agreement by any such Affiliates or third parties (it being understood that the restrictions and obligations in this Agreement regarding the use of the Licensed Marks shall equally apply to such Affiliates and third parties).

 Section 2.04 Acquired Businesses. Notwithstanding anything in this Agreement to the contrary, if
Licensee or any of its Affiliates (an “Acquiring Party”) acquires a business whether accomplished by the purchase of stock or by purchase of assets (the “Acquired Business”), the License shall not extend to any 

  
 6 

 
products or services made, used, sold, offered for sale, imported, reproduced, performed, displayed, distributed or otherwise transferred by the Acquired Business prior to the date of such
acquisition (even if such products or services constitute Licensed Products or Licensed Services or are of the same or similar kind as the Licensed Products or Licensed Services of the Acquiring Party, and even if such products or services are made,
used, sold, offered for sale, imported, reproduced, performed, displayed, distributed or otherwise transferred by the Acquiring Party after the date of such acquisition). 

Section 2.05. Permitted Domain Names. Licensee shall have the right and license to register solely as a domain name with the
applicable domain name registrar (and not as a trademark or service mark), maintain and use those domain names set forth on Exhibit A (and any other domain name comprising both the terms “asco” and “power” to the extent approved
by Licensor in writing, consent not to be unreasonably withheld) (a “Permitted Domain Name”) solely for the purposes of directing internet traffic to chosen web sites related to the Licensed Products and Licensed Services. Upon any
termination or earlier expiration of this Agreement, Licensee shall promptly assign and transfer to Licensor all Permitted Domain Names. 

Section 2.06. Permitted Corporate Identities. Licensee shall have the right and license to register solely as a Corporate Identity
with the applicable secretary of state or other Governmental Authority responsible for the registration of business names (and not as a trademark or service mark), maintain and use the names “ASCO Power” and “ASCO Power
Technologies” (or a derivative thereof to the extent approved by Licensor in writing) (a “Permitted Corporate Identity”) solely as a business name, trade name and Social Media Identifier. Upon any termination or earlier
expiration of this Agreement, Licensee shall promptly change any and all Corporate Identities used by Licensee and its Affiliates to a name that does not use, comprise of, or is not confusingly similar to any Licensed Mark. 

Section 2.07. Disclaimers; Limitation of Liability. THE LICENSE AND RIGHTS GRANTED HEREIN ARE MADE ON AN “AS IS” BASIS,
AND LICENSOR HEREBY DISCLAIMS ANY EXPRESS OR IMPLIED REPRESENTATIONS OR WARRANTIES OF ANY KIND, INCLUDING WITHOUT LIMITATION, THOSE REGARDING MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR OF NON-INFRINGEMENT. TO THE EXTENT PERMITTED BY
APPLICABLE LAW, NEITHER PARTY WILL BE LIABLE UNDER ANY LEGAL OR EQUITABLE THEORY FOR ANY INDIRECT, SPECIAL, INCIDENTAL, OR CONSEQUENTIAL DAMAGES OF ANY KIND EVEN IF SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. 

  
 7 

 ARTICLE 3 

OWNERSHIP AND USE OF LICENSED MARKS 

Section 3.01. Ownership of Licensed Marks. Neither this Agreement nor its performance confer on Licensee any right with respect to
the Licensed Marks other than those rights expressly granted in this Agreement. Licensor is entitled to grant such other rights in and licenses of the Licensed Marks as it sees fit and nothing in this Agreement restricts Licensor’s right to use
the Licensed Marks on or in connection with any products or services, in each case other than in connection with Licensed Products and Licensed Services in the Critical Power Systems Market as set forth in Section 2.01. All goodwill associated with
any use of the Licensed Marks by Licensee shall inure to the sole and exclusive benefit of Licensor. Licensee shall not (i) challenge the validity or Licensor’s exclusive ownership of the Licensed Marks or any other related mark of
Licensor or claim adversely or assist in any claim adverse to Licensor concerning any right, title or interest in the Licensed Marks, or (ii) do or permit any act which may directly or indirectly impair or prejudice Licensor’s title to the
Licensed Marks or be detrimental to the reputation and goodwill of Licensor, including any act which might assist or give rise to any application to remove or de-register the Licensed Marks or other related marks of Licensor. 

Section 3.02. Applications and Registrations. 

(a) Licensee shall provide Licensor with such reasonable assistance, at Licensor’s sole cost and expense, as Licensor may deem necessary
or appropriate in order for Licensor to file, prosecute, defend, and maintain applications and registrations for the Licensed Marks as Licensor deems appropriate in its complete discretion, including providing all consents, other documents and
specimens of use reasonably requested by Licensor. 
 (b) Licensor shall endeavor in good faith to inform Licensee of its intention to
abandon (including by intentional failure to pay renewal or other maintenance fees or actively informing any relevant trademark registry of an intention to abandon) any application or registration for the Licensed Marks covering the Licensed
Products or Licensed Services. In such event, Licensee may opt to pay the renewal or other maintenance fees with respect to such Licensed Marks on Licensor’s behalf. Licensor shall retain ownership of all right, title and interest in such
application or registration. 
 (c) If Licensee believes that additional registrations for the Licensed Marks covering Licensed Products or
Licensed Services would be beneficial to Licensee, it shall notify Licensor and request that Licensor file additional applications. Upon receipt of such request, Licensor shall file such applications within a reasonable period of time, unless, in
the reasonable judgment of Licensor, the Licensed Marks are not registrable or such applications are 

  
 8 

 
otherwise not legally advisable. All costs incurred by Licensor in connection with the filing, prosecution and maintenance of such application or registration shall be at Licensee’s sole
expense. Licensor shall retain ownership of all right, title and interest in any such application or registration. 
 Section 3.03.
Use of the Licensed Marks. 
 (a) Standards for Use of the Licensed Marks. Licensee shall use the Licensed Marks only
in the fonts and colors shown for each mark in Exhibit A, or such other fonts and colors as may be approved in writing by Licensor (such approval not to be unreasonably withheld), and shall conform to the standards for use of the Licensed Marks set
forth on Exhibit A and such other reasonable standards as Licensor from time to time prescribes, including standards relative to the font, design, size, position, appearance, marking, and color of the Licensed Marks, and manner of use of the
Licensed Marks and accompanying designations on any Licensed Product and in connection with any Licensed Service, document or other media including any Promotional Material, provided that any change to such standards does not pose an unreasonable
burden on Licensee. 
 (b) Use of the Licensed Trademark. Licensee shall not use the Licensed Trademark on any Business
Materials or Promotional Materials, except (i) on labels and tags affixed to the Licensed Product; (ii) on packaging for the Licensed Product; (iii) on product and marketing literature (except for and excluding business cards and
other Business Materials), provided such literature also prominently features the VERTIV logo; (iv) in product specifications and drawings, and in the text of product literature as necessary to describe the Licensed Product or its operation;
(v) on signs displayed at the point of sale; (vi) in photographs of Licensed Products and Promotional Materials incorporating such photographs; and (vii) on invoices and other commercial documents as necessary to identify Licensed
Products on such commercial documents. 
 (c) Use of the Licensed Service Marks. Licensee shall only use the Licensed Service Marks
(and shall not use the Licensed Trademark) on Promotional Materials, Business Materials, service vehicles, and clothing worn by service personnel in connection with the advertising or provision of the Licensed Services. 

(d) Use of a Permitted Corporate Identities. Licensee shall only use a Permitted Corporate Identities (and shall not use the Licensed
Trademark) on Business Materials and other documents and media to identify the business providing the Licensed Products and Licensed Services. 

(e) Prohibitions on Use and Registration. Licensee shall not and shall cause its Affiliates not to (i) register or use or attempt
to register or to use any trademark, design, Corporate Identity, URL, domain name, or Social Media 

  
 9 

 
Identifier that may be similar to or comprise or include the Licensed Marks, except as expressly permitted in Section 2.05 and Section 2.06; (ii) register or attempt to register the Licensed
Marks as part of, in combination with or otherwise in connection with, any mark, logo or other source identifier; (iii) use the Licensed Trademark in connection with any product or service other than the Licensed Products; (iv) use the
Licensed Marks with any mark, logo or other source identifier in such close proximity as to form a composite mark; (v) use the Licensed Service Marks in connection with any product or service other than the Licensed Services; or
(vi) except for use of a Permitted Corporate Identities as permitted by Section 2.06, use the Licensed Marks in any way that may imply that ASCO is a trade name of Licensee. 

Section 3.04. Transitional Rights. 

(a) The Parties acknowledge and agree that as of the Effective Date, Licensee and/or its Affiliates use the Licensed Marks (i) in the
color green, which is different from the color show on Exhibit A, (ii) in variations other than those specified on Exhibit A, and (iii) in a manner that is otherwise outside of the scope of use of the Licensed Marks permitted by Section
3.03 (all such uses of the Licensed Marks as of the Effective Date not in compliance with the terms of this Agreement, a “Non-Conforming Use”). Licensor hereby grants Licensee and/or its Affiliates permission to continue such
Non-Conforming Use of the Licensed Marks for a period of two years following the Effective Date (the “Transition Period”) solely (1) in the same manner as the Licensed Marks was used by Licensee and/or its Affiliates before the
Effective Date, (2) to the extent necessary for Licensee and/or its Affiliates to continue Licensee’s and/or its Affiliates’ business following the Effective Date in the same manner as operated immediately prior to the Effective Date,
and (3) for the purpose of facilitating Licensee’s and/or its Affiliates’ orderly discontinuation of all Non-Conforming Uses and to transition to use of the Licensed Marks solely in the form shown in Exhibit A and as otherwise
expressly permitted by this Agreement and stipulated by Licensor. 
 (b) Except as provided in Section 3.04(c) below, the Licensee shall
discontinue, and cause Licensee’s Affiliates to discontinue, all Non-Conforming Uses of the Licensed Marks by the end of the Transition Period, including any further creation, publication or distribution of documents and materials (whether in
written, electronic, optical, or in other form), all promotional and advertising literature, labels, name plates, stationary, business cards, office forms, packaging, websites and all other written and electronic Non-Conforming Uses of the Licensed
Marks. 
 (c) Without limiting Section 3.04(a), Licensee and its Affiliates will not be obligated to modify, or cause a third party to
modify, any finished goods inventories or Promotional Material to which a Non-Conforming Use of the 

  
 10 

 
Licensed Marks was affixed prior to the expiration of the Transition Period and may continue to sell any such goods until the depletion of such inventory in the ordinary course of business
consistent with past practice. 
 (d) Within six months of the Effective Date, Licensee and its Affiliates shall discontinue use of and
change the Corporate Identity of any and all of its Affiliates that include “ASCO” (other than any Permitted Corporate Identity) to names that comply with Section 2.06 (and shall discontinue any further use of any such changed Corporate
Identity on any Business Materials), including the following Affiliates: (i) Asco Services, Inc.; and (ii) ASCO Switch Enterprises LLC. 

(e) Within two (2) years of the Effective Date, Licensee and its Affiliates shall discontinue use of any existing domain names that
include “ASCO” (other than any Permitted Domain Names). Licensee shall immediately assign and transfer to Licensor all such domain names owned by Licensee or its Affiliates. 

Section 3.05. Quality Standards and Inspection. All Licensed Products and Licensed Services to which the Licensed Marks are
applied shall at all times be in compliance with Applicable Law, and such goods and services shall be provided in a manner so as not to bring discredit upon the Licensed Marks. Licensee shall ensure that all Licensed Products and Licensed Services
to which the Licensed Marks are applied (and all Promotional Material used in connection with the foregoing) shall be of at least substantially the same quality as those goods sold or provided by Licensor and its Affiliates immediately prior to the
Effective Date and that such quality shall be reasonably maintained on a consistent basis. Licensor shall have the right to inspect any designation, document or other media including any Promotional Material, and any facilities or records, used or
maintained by Licensee in connection with the supply of goods and services under the Licensed Marks upon providing Licensee forty-eight (48) hours prior written notice. Such inspection shall only be permitted during Licensee’s normal
business hours. Upon such Licensor’s reasonable written request, Licensee agrees to furnish Licensor with representative samples of goods bearing the Licensed Marks (including Promotional Material) in order to ascertain that they conform to
such quality standards and other provisions of this Agreement. Such samples shall be furnished by Licensee either at the facility at which they are ordinarily kept, or, upon request of Licensor, shipped to Licensor at Licensor’s expense. In the
event that Licensor determines that any sample does not meet such standards, Licensee shall have 45 days after notification by Licensor within which to make the changes required for compliance. 

Section 3.06. Third Party Notices. If requested in writing by Licensor, Licensee shall ensure that any Promotional Material which
includes a reference to the Licensed Marks contains a written statement to the effect that the Licensed Marks are owned by Licensor and used by Licensee under license, or such other statement as Licensor may reasonably require from time to time.

  
 11 

 ARTICLE 4 

INFRINGEMENT AND INDEMNIFICATION 

Section 4.01. Infringement of Licensed Marks by Third Party. 

(a) Licensee shall immediately notify Licensor of any unauthorized or improper use by any Person of the Licensed Marks. Licensee shall notify
Licensor of the particulars of such infringement and provide any other information that it may have relating to such infringement. 
 (b)
Licensor shall have the exclusive right, but shall not be required, to take any action, legal or otherwise, in connection with any infringement of the Licensed Marks. Licensor may require Licensee to lend its name to such proceedings and provide
reasonable assistance. If Licensor declines to take action with respect to an alleged infringement in connection with products or services within the Critical Power Systems Market, then Licensee shall have the right to take action on behalf of
Licensor, unless Licensor determines in its reasonable judgement that such enforcement action may adversely impact its rights in the Licensed Marks. In such case, Licensee may initiate proceedings or otherwise take action with respect to any
unauthorized use of the Licensed Marks (at Licensee’s cost) on or in connection with products or services within the Critical Power Systems Market; provided that Licensee keeps Licensor fully and promptly informed of the conduct and progress of
such action or proceedings; indemnifies Licensor for all Damages (as defined in Section 4.03) arising from such action or proceeding or any claims or counterclaims asserted against Licensor; and provided, further, that Licensee shall not settle any
such proceedings that would adversely affect the rights or interest of Licensor in and to the Licensed Marks without Licensor’s prior written consent. Any damages or settlement amounts recovered for such Licensed Marks in any such action or
proceeding shall first be used to reimburse each party for their respective costs incurred in the enforcement action, and then shall belong solely and exclusively to Licensor, unless the Parties shall agree otherwise in writing. Except as otherwise
provided herein, Licensee shall not institute, commence or prosecute any claim, action or proceeding against any person or entity alleging infringement, imitation or unauthorized use of the Licensed Marks without the prior written consent of
Licensor. 
 Section 4.02. Third Party Actions. Each Party shall immediately notify the other Party of any allegations, claims
or demands (actual or threatened) against the notifying Party or any of its Affiliates for infringement of any trademark rights of third parties by reason of either Party’s use of the Licensed Marks and provide all particulars requested by the
non-notifying Party at 

  
 12 

 
notifying Party’s cost and expense. Licensee shall not enter into any settlement, admit any liability or consent to any adverse judgment that would adversely affect the rights or interest of
Licensor in and to the Licensed Marks without the prior written consent of Licensor. Licensor shall have the right to employ separate counsel and participate in the defense of such action at its own expense. 

Section 4.03. Indemnification. Each Party (the “Indemnitor”) agrees to indemnify, defend and hold the other Party
harmless from and against all losses, claims, damages, liabilities, demands, proceedings and costs (including legal costs and attorneys’ fees) (“Damages”) related to or arising out of third party claims relating to the
(i) Indemnitor’s use of the Licensed Marks or (ii) the breach of Indemnitor’s rights and obligations under this Agreement. 

ARTICLE 5 
 TERM
AND TERMINATION 
 Section 5.01. Term. This Agreement is effective as of the Effective Date and
continues in full force and effect until terminated in accordance with Section 5.02 or Section 5.03. 
 Section 5.02. Termination by
Licensee. Licensee may terminate this Agreement in its entirety at will upon thirty (30) days written notice to Licensor. 

Section 5.03. Termination by Licensor. Licensor may terminate this Agreement by written notice to Licensee immediately (or upon
such other time period as indicated below) upon written notice to Licensee in any of the following events: 
 (a) Licensee (or any of its
authorized sublicensees) has committed a material breach of this Agreement and fails to remedy such breach within sixty (60) days of receipt of written notice giving full particulars of the breach and requiring it to be remedied. If such remedy
cannot be reasonably cured within such sixty (60) day time period, Licensee shall have a commercially reasonable time period to effect cure of such breach, not to exceed six (6) months; 

(b) Licensee (or any of its authorized sublicensees) has materially altered the Licensed Marks without Licensor’s prior express written
approval; 
 (c) Licensee (or any of its authorized sublicensees) uses, markets, promotes or sells products bearing the Licensed Marks or
provides services in connection with the Licensed Marks in any manner that deceives or misleads the public or damages or impairs the reputation or value of the Licensed Marks in any material respect; 

  
 13 

 (d) Licensee (and its authorized sublicensees) ceases selling all of the Licensed Products under
the Licensed Trademark for a period of 3 or more years; 
 (e) Licensee (or any of its authorized sublicensees) challenges the validity or
enforceability of, or Licensor’s right to use or license the use of (except where such challenge is in connection with the use or licensed use of Licensed Marks within the Critical Power Systems Market), the Licensed Marks or assists a third
party in such a challenge; 
 (f) Licensee (or any of its authorized sublicensees) files a voluntary petition under the United States
Bankruptcy Code or the insolvency laws of any state; or has an involuntary petition filed against it under the United States Bankruptcy Code, or a receiver appointed for its business, unless such petition or appointment of a receiver is dismissed
within 90 days; or 
 (g) Licensee assigns or transfers or attempts to assign or transfer this Agreement in violation of Section 6.01. 

Section 5.04. Termination Upon Change of Control. This Agreement shall terminate immediately (i) upon any Change of Control
of Vertiv without the prior written consent from Licensor (which consent shall not be unreasonably withheld) or (ii) if Licensee ceases to be a wholly owned direct or indirect Subsidiary of Vertiv. Licensee acknowledges and agrees that
Licensor’s withholding of consent is per se reasonable, among other matters, if Licensor determines, in its sole judgment, that the Change of Control of Vertiv would result in a Licensor Competitor having direct or indirect Control of Vertiv or
any Subsidiary, business, or asset of Vertiv benefitting from or utilizing rights under this Agreement, or may otherwise adversely affect the Licensed Marks, Licensor’s business interest or Licensor’s ability to enforce the terms of this
Agreement. 
 Section 5.05. Effect of Termination; Survival. Except as expressly set forth in this Section 5.05, upon
expiration or termination of this Agreement, Licensee shall and shall cause each of its Affiliates to immediately cease using the Licensed Marks or any derivation thereof in any form. In the event that Licensee requests in writing that Licensor
consent to (i) a Change of Control of Vertiv pursuant to Section 5.04, or (ii) an assignment or transfer of this Agreement in accordance with Section 6.01(b) in connection with the sale or transfer of all or substantially all of the assets
of Vertiv’s business to which this Agreement pertains, and, in either case, such consent is withheld by Licensor and this Agreement terminates pursuant to Section 5.04 or Section 5.03(g), respectively, then the rights granted to
Licensee under this Agreement shall continue solely for a transitional period of one (1) year following the date of such written request, and Licensee and its Affiliates will not be obligated to modify, or cause a third party to modify, any
finished goods inventories or Promotional Material to which 

  
 14 

 
the Licensed Marks were affixed prior to the end of such one (1) year transitional period in accordance with the terms and conditions of this Agreement and may continue to sell any such
finished goods inventories until the depletion of such inventory in the ordinary course of business consistent with past practice. In the event that Licensee or any of its Affiliates fail to cease using the Licensed Marks, Licensee agrees and hereby
specifically consents to Licensor obtaining a decree of a court having jurisdiction over Licensee or any of its Affiliates ordering Licensee and its Affiliates to stop the use of the Licensed Marks in any form. Notwithstanding anything in this
Agreement to the contrary, Sections 2.07, 3.01, 4.03 and 5.05 and Article 6 survive any expiration or termination of this Agreement. 

ARTICLE 6 
 GENERAL

 Section 6.01. Assignment.  

(a) This Agreement, and the License granted to Licensee, are personal to Licensee. Except as provided in Section 6.01(b), this Licensee shall
not voluntarily or by operation of law assign or otherwise transfer all or any part of Licensee’s interest in this Agreement, and any attempted assignment or other transfer shall be null and void and may result in termination by Licensor
pursuant to Section 5.03(g). 
 (b) Licensee may assign or transfer this Agreement in connection with the sale or transfer of all or
substantially all of the assets of Vertiv’s business to which this Agreement pertains with Licensor’s prior written consent (which consent shall not be unreasonably withheld). Licensee agrees that Licensor’s withholding of consent is
per se reasonable, among other matters, if Licensor determines, in its sole judgment, that the assignment or transfer would result in a Licensor Competitor having a direct or indirect interest in or rights under this Agreement, or may otherwise
adversely affect the Licensed Marks, Licensor’s business interest or Licensor’s ability to enforce the terms of this Agreement. 

(c) Licensee shall provide Licensor with at least thirty (30) days’ prior written notice of any desired assignment or other transfer
of this Agreement. At the time Licensee gives such notice, Licensee shall provide Licensor with the information and documentation necessary to evaluate the contemplated transaction. Licensor’s consent (if given) shall be subject to such terms
and conditions as Licensor reasonably deems appropriate. 
 Section 6.02. Notices. All notices, requests and other
communications to any Party shall be in writing via overnight FedEx, UPS, or USPS service and shall be given, 

  
 15 

 if to Licensee, to: 

Vertiv Co. 
 1050 Dearborn Drive

 Columbus, OH 43085 

Attention: Chief Legal Officer 

if to Licensor, to: 
 [Licensor]

 [Address] 
 [Address] 

Attention: [name] 
 or such other address as such
Party may hereafter specify for the purpose by notice to the other Parties. All such notices, requests and other communications shall be deemed received on the date of receipt by the recipient thereof if received prior to 5:00 p.m. in the place of
receipt and such day is a Business Day in the place of receipt. Otherwise, any such notice, request or communication shall be deemed not to have been received until the next succeeding Business Day in the place of receipt. 

Section 6.03. Specific Performance. The Parties acknowledge and agree that money damages are not an adequate remedy for any
violation of this Agreement and that either Party may, in its sole discretion, apply to the court set forth in Section 6.08 for specific performance, or injunctive, or such other relief as such court may deem just and proper, in order to enforce
this Agreement or prevent any violation hereof, and to the extent permitted by Applicable Law, each Party waives the posting of bond and any objection to the imposition of such relief. 

Section 6.04. Amendments and Waivers. 

(a) Any provision of this Agreement may be amended or waived only if such amendment or waiver is in writing and is signed, in the case of an
amendment, by each Party, or in the case of a waiver, by the Party against whom the waiver is to be effective. 
 (b) No failure or delay by
any Party in exercising any right, power or privilege hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege.
The rights and remedies herein provided shall be cumulative and not exclusive of any rights or remedies provided by law. 

  
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 Section 6.05. Successors and Assigns. The provisions of this Agreement shall
be binding upon and inure to the benefit of the Parties and their respective successors and assigns. 
 Section 6.06.
Dispute Resolution. The Parties acknowledge and agree that Article 8 of the Separation Agreement shall apply, mutatis mutandis, with respect to any disputes, controversies or claims (whether arising in contract, tort or otherwise) that
may arise out of, relate to, arise under or in connection with this Agreement or the transactions contemplated hereby. 

Section 6.07 Governing Law. This Agreement shall be governed by and construed in accordance with the law of the State of
New York, without regard to the conflicts of law rules of such state. 
 Section 6.08. Jurisdiction. Subject
to Section 6.06, the Parties agree that any suit, action or proceeding seeking to enforce any provision of, or based on any matter arising out of or in connection with, this Agreement or the transactions contemplated hereby shall be brought in
the United States District Court for the Southern District of New York or any New York State court sitting in New York City, so long as one of such courts shall have subject matter jurisdiction over such suit, action or proceeding, and that any
cause of action arising out of this Agreement shall be deemed to have arisen from a transaction of business in the State of New York, and each Party hereby irrevocably consents to the jurisdiction of such courts (and of the appropriate appellate
courts therefrom) in any such suit, action or proceeding and irrevocably waives, to the fullest extent permitted by law, any objection that it may now or hereafter have to the laying of the venue of any such suit, action or proceeding in any such
court or that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum. Process in any such suit, action or proceeding may be served on any Party anywhere in the world, whether within or without the
jurisdiction of any such court. Without limiting the foregoing, each Party agrees that service of process on such Party as provided in Section 6.02 shall be deemed effective service of process on such Party. 

Section 6.09.. Counterparts; Effectiveness; No Third Party Beneficiaries. This Agreement may be signed in any number of
counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. This Agreement shall become effective as of the Effective Date when each Party shall have received a
counterpart hereof signed by the other Party. Until and unless each Party has received a counterpart hereof signed by the other Party, this Agreement shall have no effect and no Party shall have any right or obligation hereunder (whether by virtue
of any other oral or written agreement or other communication). No provision of this Agreement is intended to confer any rights, benefits, remedies, obligations, or liabilities hereunder upon any Person other than the Parties and their respective
successors and assigns. 

  
 17 

 Section 6.10. Entire Agreement. This Agreement constitutes the entire
agreement between the Parties with respect to the subject matter hereof and thereof and supersedes all prior agreements and understandings, both oral and written, between the Parties with respect to the subject matter hereof and thereof. 

Section 6.11. Severability. If any term, provision, covenant or restriction of this Agreement is held by a court of
competent jurisdiction or other Governmental Authority to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall remain in full force and effect and shall in no way be affected,
impaired or invalidated so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any Party. Upon such a determination, the Parties shall negotiate in good faith to modify
this Agreement so as to effect the original intent of the Parties as closely as possible in an acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the fullest extent possible. 

[The remainder of this page has been intentionally left blank; the next page is the signature page.] 

  
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 IN WITNESS WHEREOF, the Parties and Vertiv have caused this Agreement to be duly executed as of
the date first written above. 
  

			
	 Automatic Switch Company
  

	By:	 	  

		 	Name:
		 	Title:
	  
 ASCO Controls, L.P.

 
 By: ASCO Valve Enterprises LLC, General Partner

		
	By:	 	  

		 	Name:
		 	Title:
	
	[            ]
		
	By:  	 	  

		 	Name:
		 	Title:

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