Document:

EX-10.23

 Exhibit 10.23 

EXECUTION VERSION 

LIMITED LIABILITY COMPANY AGREEMENT 

OF 
 VIVINT SOLAR LICENSING, LLC

 This Limited Liability Company Agreement (together with the schedules attached hereto, this “Agreement”) of Vivint Solar
Licensing, LLC (the “Company”), is entered into by Vivint, Inc., as the 90 percent equity member (the “Primary Member”) and Vivint Solar, Inc. as the 10 percent equity member (the “Special Member”
and together with the Primary Member, the “Members”). Capitalized terms used and not otherwise defined herein have the meanings set forth on Schedule A hereto. 

The Members, by execution of this Agreement, hereby form the Company as a limited liability company pursuant to and in accordance with the
Delaware Limited Liability Company Act (6 Del. C. § 18-101 et seq.), as amended from time to time (the “Act”), and this Agreement, and the Member and the Special
Member hereby agree as follows: 
 Section 1. Name. 

The name of the limited liability company formed hereby is Vivint Solar Licensing, LLC. 

Section 2. Principal Business Office. 

The principal business office of the Company shall be located at c/o Vivint, Inc., 4931 North 300 West, Provo, Utah 84604, or such other
location as may hereafter be determined by the Members. 
 Section 3. Registered Office. 

The address of the registered office of the Company in the State of Delaware is c/o The Corporation Trust Company, 1209 Orange Street,
Wilmington, DE 19801, County of New Castle. 
 Section 4. Registered Agent. 

The name and address of the registered agent of the Company for service of process on the Company in the State of Delaware is The Corporation
Trust Company, 1209 Orange Street, Wilmington, DE 19801, County of New Castle. 
 Section 5. Members. 

(a) The mailing address of each Member is set forth on Schedule B attached hereto. Each Member is hereby admitted to the Company upon
its execution of a counterpart signature page to this Agreement. 
 (b) Subject to Section 9(f), the Members may act by written
consent. 
 (c) The Special Member shall be the member of the Company that has a 10 percent interest in the profits, losses and capital of
the Company and has a right to receive 10 percent of 

 
any distributions of Company assets. Pursuant to Section 18-301 of the Act, the Special Member shall not be required to make any further capital contributions to the Company. The Special
Member, in its capacity as Special Member, shall have no power or right to carry out, manage or control the business or affairs of the Company, to make any decision regarding the business of the Company, to bind the Company, or to grant any rights
or licenses with respect to the Marks (except as otherwise provided in the License Agreement) or other assets of the Company or terminate any license granted by the Company, and shall not hold itself out as same. 

(d) The parties hereto agree that the Company is not intended to be treated for federal, state or local tax purposes as an entity separate
from the Member prior to the admission to the Company of an additional Member other than the Special Member. 
 Section 6. Certificates. 

Bre Madsen is hereby designated as an “authorized person” within the meaning of the Act, and has executed, delivered and filed the
Certificate of Formation of the Company with the Secretary of State of the State of Delaware. Upon the filing of the Certificate of Formation with the Secretary of State of the State of Delaware, his powers as an “authorized person”
ceased, and the Primary Member thereupon became the designated “authorized person” and shall continue as the designated “authorized person” within the meaning of the Act. The Primary Member or an Officer shall execute, deliver
and file any other certificates (and any amendments and/or restatements thereof) necessary for the Company to qualify to do business in any jurisdiction in which the Company may wish to conduct business. The existence of the Company as a separate
legal entity shall continue until cancellation of the Certificate of Formation as provided in the Act. 
 Section 7. Purposes. (a) The
purpose to be conducted or promoted by the Company is to engage in the following activities: 
  

	 	(i)	to acquire, own, and hold (and, solely to the extent provided in the License Agreement, protect, defend and maintain) the Marks in the field of the Vivint Solar Business; 

 

	 	(ii)	to perform the Company’s obligations under that certain Trademark License Agreement between the Company and the Special Member dated as of [            ],
2014 (the “License Agreement”), pursuant to which the Company shall license certain trademarks and intellectual property to the Special Member; and 

 

	 	(iii)	subject to Section 9(f), to engage in any lawful act or activity and to exercise any powers permitted to limited liability companies organized under the laws of the State of Delaware to accomplish the above
purposes. 

 (b) Subject to Section 7(c) and Section 9(f), the Company, by or through the Primary
Member or any officer on behalf of the Company, may enter into and/or perform the License Agreement without any further act, vote or approval of any other Person. 

(c) Notwithstanding anything contained in this Agreement to the contrary, the Company shall not grant any liens on or security interests in
any of the Marks. Any purported transaction in violation of the foregoing shall be deemed null and void ab initio and of no force or effect. 

  
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 Section 8. Powers. 

Subject to Section 9(f), the Company, the Primary Member and any officers of the Company on behalf of the Company, (i) shall
have and exercise all powers necessary, convenient or incidental to accomplish its purposes as set forth in Section 7 and (ii) shall have and exercise all of the powers and rights conferred upon limited liability companies formed
pursuant to the Act. 
 Section 9. Management. 

(a) Generally. The Company shall be governed by the Primary Member (who shall have exclusive authority and control over the day-to-day
operations and entire business of the Company, and who shall make all decisions required to be taken under this Agreement, except for those limited actions specified in Section 9(f) below) and the Special Member (whose consent shall be
required for the actions specified in Section 9(f) below. 
 (b) Special Member. The initial Special Member shall be
Vivint Solar, Inc. Vivint Solar, Inc. may in its sole discretion designate an Affiliate (as defined in the License Agreement) as Special Member in lieu of itself. 

(c) Powers of the Primary Member. Without any notice to, or the consent of, the Special Member, the Primary Member shall have the full
and exclusive right and all powers and rights necessary or desirable to carry out, manage and control the business and affairs of the Company and to make all decisions regarding the business of the Company, except for those limited actions specified
in Section 9(f) below, which shall require the consent of the Special Member, including: 
  

	 	(i)	to take reasonable actions to protect and preserve the assets of the Company; 

  

	 	(ii)	to exercise day-to-day control of the operations of the Company or to delegate such responsibilities to Officers in accordance with the terms of this Agreement; 

 

	 	(iii)	to cause the License Agreement to be executed and delivered on behalf of the Company, and to cause the Company to perform its obligations thereunder; 

 

	 	(iv)	to distribute to the Primary Member and Special Member any amounts received in connection with licensing the Marks; and 

  

	 	(v)	to grant or refuse any consent or approval or make any determination referenced under the License Agreement. 

  
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 (d) Right to Rely on Primary Member. Any Person dealing with the Company may rely (without
duty of further inquiry) upon a certificate signed by the Primary Member (without the signature or consent of the Special Member) as to: 
  

	 	(i)	the identity of any Member; 

  

	 	(ii)	the existence or nonexistence of any fact or facts which constitute conditions precedent to acts by the Primary Member hereunder or which are in any other manner germane to the affairs of the Company; 

 

	 	(iii)	the Persons who are authorized to execute and deliver any instrument or document of the Company; or 

  

	 	(iv)	any act or failure to act by the Company or any other matter whatsoever involving the Company or any Member, except for those actions specified in Section 9(f) below which shall require the certificate to be
also signed by the Special Member. 

 (e) Expense Reimbursements. Neither the Primary Member nor the Special Member
shall be entitled to reimbursement for any expenses. However, the Primary Member agrees, by its signature on the signature page of this Agreement, that the Primary Member or its designee shall pay for all expenses associated with or related to
(i) the formation of the Company, (ii) the permitted activities of the Primary Member, and (iii) the maintenance in good standing of the Company, including without limitation all attorneys’ fees, accountants’ fees, costs,
government filing fees, preparation of tax returns, if necessary, and similar expenses. 
 (f) Limitations on the Company’s
Activities. Notwithstanding anything herein to the contrary, until the end of the Term, any and all actions by or on behalf of the Company, the Primary Member, any Officer or any other Person are subject to the limitations set forth in this
Section 9(f). Any purported action by any Person in violation of this Section 9(f) shall be deemed null and void ab initio and of no force or effect.  

 

	 	(i)	This Section 9(f) is being adopted in order to comply with certain provisions required in order to qualify the Company as a “special purpose” entity. 

 

	 	(ii)	The Primary Member shall not amend, modify, alter, supplement, change or repeal this Agreement without the prior written consent of the Special Member, which consent shall not be unreasonably withheld, conditioned or
delayed. 

  

	 	(iii)	Notwithstanding any other provision of this Agreement and any provision of law that otherwise so empowers the Company, the Primary Member, any Officer or any other Person, without the prior written consent of the
Members in their sole discretion, (x) the Company may not take any Material Action and (y) neither the Primary Member nor any Officer nor any other Person shall be authorized or empowered, nor shall they permit the Company to take any
Material Action. 

  
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	 	(iv)	The Primary Member shall cause the Company to do or cause to be done all things necessary to preserve and keep in full force and effect its existence, rights (charter and statutory) and franchises. The Primary Member
also shall cause the Company to: 

  

	 	(A)	maintain its own separate books and records and bank accounts and maintain same in a manner so that it will not be difficult or costly to segregate, ascertain or otherwise identify the assets and liabilities of the
Company; 

  

	 	(B)	at all times hold itself out to the public and all other Persons as a legal entity separate and distinct from the Members and any other Person; 

 

	 	(C)	file its own tax returns, if any, as may be required under applicable law, to the extent (1) not part of a consolidated group filing a consolidated return or returns or (2) not treated as a division of another
taxpayer for tax purposes, and pay any taxes so required to be paid under applicable law, but only to the extent that any such taxes are not being contested in good faith; 

 

	 	(D)	not commingle its assets with assets of any other Person and hold all its assets in its own name; 

  

	 	(E)	conduct its business in its own name and strictly comply with all organizational formalities to maintain its separate existence; 

  

	 	(F)	remain solvent and pay its own liabilities, losses or expenses only out of its own funds as the sums shall become due; 

  

	 	(G)	maintain an arm’s length relationship with its Affiliates and the Primary Member; 

  

	 	(H)	pay the salaries of its own employees, if any; 

  

	 	(I)	not hold out itself out as responsible for or have its credit or assets available to satisfy the debts or obligations of others; 

  

	 	(J)	allocate fairly and reasonably any overhead for shared office space; 

  

	 	(K)	use separate stationery, business cards, purchase orders, invoices and checks bearing its own name to the extent it will use such items; 

 

	 	(L)	not pledge its assets or secure its liabilities for the benefit of any other Person or guarantee or become obligated for the debts of any other Person; 

 

	 	(M)	correct any known misunderstanding regarding its separate identity; 

  
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	 	(N)	maintain adequate capital in light of its contemplated business purpose, transactions and liabilities; 

  

	 	(O)	not acquire any securities of any Member; 

  

	 	(P)	not incur, create or assume any indebtedness; 

  

	 	(Q)	not make grant liens on, or security interests in, any assets of the Company; 

  

	 	(R)	not make or permit to remain outstanding any loan or advance to, or own or acquire any stock, indebtedness or securities of, any Person; 

 

	 	(S)	not form, acquire or hold any subsidiary (whether corporate, partnership, limited liability company or other); 

  

	 	(T)	cause the Officers, agents and other representatives of the Company to act at all times with respect to the Company consistently and in furtherance of the foregoing and in the best interests of the Company;

  

	 	(U)	subject to clause (R) below, will maintain separate annual financial statements prepared in accordance with generally accepted accounting principles, consistently applied, showing its assets and liabilities
separate and distinct from those of any other person or entity; 

  

	 	(V)	in the event the financial statements of Company are consolidated with the financial statements of any other entity, then in addition to maintaining separate financial statements as required above, cause to be included
in such consolidated financial statements a note, in effect, stating that “Company is a separate entity that has separate assets and liabilities as shown on Company separate financial statements”; 

 

	 	(W)	pay or bear the cost of the preparation of its financial statements; 

  

	 	(X)	maintain a sufficient number of employees or outside consultants in light of its contemplated business operations and pay their salaries out of its own funds; 

 

	 	(Y)	to the extent that Company and any other Person share the same officers and other employees, allocate fairly, appropriately and nonarbitrarily any salaries and expenses to the extent actually incurred by such parties
related to providing benefits to such officers and other employees between or among such entities, with the result that each such entity will bear its fair share of the salary and benefit costs associated with all such common or shared officers or
other employees; 

  
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	 	(Z)	to the extent that Company and any Person jointly contract or do business with vendors or service providers or share overhead expenses, allocate fairly, appropriately and nonarbitrarily any costs and expenses incurred
in so doing between or among such entities, with the result that each such entity bears its fair share of all such costs and expenses; 

  

	 	(AA)	to the extent Company contracts or does business with vendors or service providers where the goods or services are wholly or partially for the benefit of another Person, allocate fairly, appropriately and nonarbitrarily
any costs incurred in so doing to the entity for whose benefit such goods or services are provided, with the result that each such entity bears its fair share of all such costs; 

 

	 	(BB)	conduct its own business solely in its own name, through its duly authorized officers or agents; 

  

	 	(CC)	hold all of its assets in its own name; 

  

	 	(DD)	not form, acquire or hold any subsidiary (whether corporate, partnership, limited liability company or other); 

  

	 	(EE)	not identify itself as a division or department of any other entity; 

  

	 	(FF)	cause representatives, employees and agents of Company to hold themselves out to third parties as being representatives, employees or agents, as the case may be, of Company; 

 

	 	(GG)	at all times have a Special Member; 

  

	 	(HH)	take all steps necessary to maintain, prosecute and renew all registrations and applications for the Marks in the field of the Vivint Solar Business, including paying all costs and expenses associated with all
applications and registrations for such Marks; and 

  

	 	(II)	not sell products or offer services in commerce or advertise, market or promote that it is doing same, whether under the Marks or otherwise. 

 

	 	(v)	Without the prior written consent of the Special Member in its sole discretion, the Primary Member shall not cause or permit the Company to, in each case, solely with respect to the Marks: 

 

	 	(A)	instigate any investigation or send any third party a “cease-and-desist” letter, notice of infringement or the like, or institute or settle a dispute, proceeding or litigation against any third party other
than as specifically provided in the License Agreement; 

  
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	 	(B)	file any trademark, copyright or domain name registration applications, or take any action with respect to any existing trademark, copyright or domain name registration applications other than as specifically provided
in the License Agreement; or 

  

	 	(C)	file any lawsuit or proceeding against a third party other than as specifically provided in the License Agreement. 

  

	 	(vi)	Without the prior written consent of the Special Member in its sole discretion, the Primary Member shall not cause or permit the Company to: 

 

	 	(A)	authorize any Officer to take any action which would otherwise require a unanimous vote or consent of the Members pursuant to this Agreement; 

 

	 	(B)	amend the Certificate of Formation; 

  

	 	(C)	sell, transfer, license or otherwise dispose of the Marks, except as permitted in the License Agreement; 

  

	 	(D)	guarantee or assume any obligation of any Person (excluding the endorsement of checks in the ordinary course), including any Affiliate; 

 

	 	(E)	engage, directly or indirectly, in any business other than the actions required or permitted to be performed under Section 7 or this Section 9(f); or 

 

	 	(F)	take any other action expressly set forth in this Agreement as requiring the approval or consent of all of the Members. 

  

	 	(vi)	Failure of the Company or the Primary Member, on behalf of the Company, to comply with any of the foregoing covenants or any other covenant contained in this Agreement shall not affect the status of the Company as a
separate legal entity or the limited liability of the Member. 

 Section 10. Intentionally Omitted 

Section 11. Officers. 
 The Officers
of the Company shall be designated by the Primary Member from time to time and, subject to Section 9(f), shall perform such duties and have such offices as may be designated by the Primary Member. Any number of offices may be held by the
same person. The Officers, to the extent of their powers set forth in this Agreement or otherwise vested in them by the Primary Member not inconsistent with this Agreement, are agents of the Company for the purpose of the Company’s business
and, subject to Section 9(f), the actions of the Officers taken in accordance with such powers shall bind the Company. 

  
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 Section 12. Limited Liability. 

Except as otherwise expressly provided by the Act, the debts, obligations and liabilities of the Company, whether arising in contract, tort or
otherwise, shall be the debts, obligations and liabilities solely of the Company, and neither the Primary Member nor the Special Member shall be obligated personally for any such debt, obligation or liability of the Company solely by reason of being
a Primary Member or Special Member of the Company. 
 Section 13. Capital Contributions. 

The Primary Member has contributed to the Company the Marks as a capital contribution pursuant to the License Agreement. In accordance with
Section 5(c), the Special Member shall not be required to make any further capital contributions to the Company. 
 Section 14.
Additional Contributions. 
 The Primary Member may, but is not required to make any additional capital contribution. To the extent
that the Primary Member makes an additional capital contribution to the Company, the Primary Member shall revise Schedule B of this Agreement. The provisions of this Agreement, including this Section 14, are intended to benefit
the Primary Member and the Special Member and, to the fullest extent permitted by law, shall not be construed as conferring any benefit upon any creditor of the Company (and no such creditor of the Company shall be a third-party beneficiary of this
Agreement) and the Primary Member and the Special Member shall not have any duty or obligation to any creditor of the Company to make any contribution to the Company or to issue any call for capital pursuant to this Agreement. 

Section 15. Allocation of Profits and Losses. 

The Company’s profits and losses, if any, shall be allocated 90 percent to the Primary Member and 10 percent to the Special Member. 

Section 16. Distributions. 
 Cash
Distributions shall be made to the Primary Member and Special Member at the times and in the aggregate amounts determined by the Primary Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be
required to make a distribution to the Primary Member or the Special Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable
law. 
 Section 17. Books and Records. 

The Primary Member shall keep or cause to be kept complete and accurate books of account and records with respect to the Company’s
business. The books of the Company shall at all times be maintained by the Primary Member. The Special Member and its duly authorized representatives shall have the right to examine the Company books, records and documents

  
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during normal business hours. The Company, and the Primary Member on behalf of the Company, shall not have the right to keep confidential from the Special Member any information that the Primary
Member would otherwise be permitted to keep confidential from the Special Member pursuant to Section 18-305(c) of the Act. The Company’s books of account shall be kept using the method of accounting
determined by the Primary Member. The Company’s independent auditor, if any, shall be an independent public accounting firm selected by the Primary Member. 

Section 18. Reports. 
 (a) Within 15
days after the end of each fiscal quarter, the Primary Member shall cause to be prepared an unaudited report setting forth as of the end of such fiscal quarter: 
  

	 	(i)	unless such quarter is the last fiscal quarter of the fiscal year, a balance sheet of the Company; and 

  

	 	(ii)	unless such quarter is the last fiscal quarter of the fiscal year, an income statement of the Company for such fiscal quarter. 

(b) The Primary Member shall cause to be prepared within 20 days after the end of each fiscal year, an audited or unaudited report setting
forth as of the end of such fiscal year: 
  

	 	(i)	a balance sheet of the Company; 

  

	 	(ii)	an income statement of the Company for such fiscal year; 

  

	 	(iii)	a statement of the Member’s capital account; and 

  

	 	(iv)	any other information reasonably requested by the Members as being necessary for the Members to complete such Members’ federal and state income tax or information returns. 

Section 19. Other Business. 
 The
Primary Member, the Special Member and any Affiliate of the Primary Member or the Special Member may engage in or possess an interest in other business ventures (unconnected with the Company) of every kind and description, independently or with
others. The Company shall not have any rights in or to such independent ventures or the income or profits therefrom by virtue of this Agreement. 

Section 20. Intentionally Omitted. 
 Section 21.
Assignments; Transfers. 
 (a) Either Member may assign its interest in this Agreement only as permitted by, and in connection
with a permitted assignment in the License Agreement, to the assignee of such agreement. Any purported assignment in violation of this Section 21 shall be null and void ab initio and of no force and effect. 

  
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 (b) A Member who makes an assignment of all of its interest in this Agreement in compliance with
Section 21(a) will, upon the effective date of such assignment, no longer be a Member hereunder, and will no longer have any of the rights of a Member (including voting rights or rights to any information or accounting of the affairs of
the Company) under the Act or this Agreement. 
 (c) A Person who acquires all of a Member’s interest in this Agreement in compliance
with the provisions of Section 21(a) shall automatically become a Member upon such time as such Person executes and delivers to the Company counterpart signature pages to this Agreement and, if applicable, evidence of assumption of the
License Agreement between the Company and the former Member. 
 (d) Unless otherwise provided in this Agreement or in the documentation
affecting any such assignment in compliance with Section 21(a), such assignment will be effective as of the close of business on the day on which all documentation required by this Section 21 has been received and accepted by
the Company. 
 Section 22. Resignation. 

So long as the License Agreement is in effect, the Primary Member may not resign. If the Primary Member is permitted to resign pursuant to
this Section 22, an additional member of the Company shall be admitted to the Company, subject to the consent of the Special Member, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of
this Agreement, which instrument may be a counterpart signature page to this Agreement. Such admission shall be deemed effective immediately prior to the resignation and, immediately following such admission, the resigning Member shall cease to be a
member of the Company. 
 Section 23. Admission of Additional Members. 

One or more additional members of the Company may be admitted to the Company with the written consent of the Primary Member; provided,
however, notwithstanding the foregoing, no additional Member may be admitted to the Company without the consent of the Special Member other than additional Members admitted to the Company pursuant to Section 21. 

Section 24. Dissolution. 
 (a)
Subject to Section 9(f), the Company shall be dissolved, and its affairs shall be wound up upon the first to occur of the following: (i) the termination of the legal existence of the last remaining member of the Company or the
occurrence of any other event which terminates the continued membership of the last remaining member of the Company in the Company unless the business of the Company is continued in a manner permitted by this Agreement or the Act or (ii) the
entry of a decree of judicial dissolution under Section 18-802 of the Act. Upon the occurrence of any event that causes the last remaining member of the Company to cease to be a member of the Company, to
the fullest extent permitted by law, the personal representative of such member is hereby authorized to, and shall, within 90 days after the occurrence of the event that terminated the continued membership of such member in the Company, agree in
writing (x) to continue the Company and (y) to the admission of the personal representative or its nominee or designee, as the case may be, as a substitute member of the Company, effective as of the occurrence of the event that terminated
the continued membership of the last remaining member of the Company in the Company. 

  
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 (b) Notwithstanding any other provision of this Agreement, the Bankruptcy of the Primary Member
or the Special Member shall not cause the Primary Member or Special Member, respectively, to cease to be a member of the Company and upon the occurrence of such an event, the business of the Company shall continue without dissolution. 

(c) Notwithstanding any other provision of this Agreement, each of the Primary Member and the Special Member waives any right it might have to
agree in writing to dissolve the Company upon the Bankruptcy of the Primary Member or the Special Member, or the occurrence of an event that causes the Member or the Special Member to cease to be a member of the Company. 

(d) In the event of dissolution, the Company shall conduct only such activities as are necessary to wind up its affairs (including the sale of
the assets of the Company in an orderly manner), and the assets of the Company shall be applied in the manner, and in the order of priority, set forth in Section 18-804 of the Act. Without limiting the
generality of the foregoing, except as otherwise provided in the License Agreement, upon the earlier to occur of (i) dissolution of the Company or (ii) termination of the License Agreement, the Marks and all rights and benefits attendant
thereto shall be distributed to the Primary Member. 
 (e) The Company shall have perpetual existence except that Company shall be dissolved
when (i) all of the assets of the Company, after payment of or due provision for all debts, liabilities and obligations of the Company, shall have been distributed to the Member in the manner provided for in this Agreement, (ii) the
Certificate of Formation shall have been canceled in the manner required by the Act or (iii) at the Primary Member’s discretion, upon termination of the License Agreement. 

(f) Upon dissolution or termination of this Agreement, all rights and obligations of the Company hereunder and each of the Primary Member and
the Special Member with respect thereto shall terminate. 
 Section 25. Waiver of Partition; Nature of Interest. 

Except as otherwise expressly provided in this Agreement, to the fullest extent permitted by law, each of the Primary Member and the Special
Member hereby irrevocably waives any right or power that such Person might have to cause the Company or any of its assets to be partitioned, to cause the appointment of a receiver for all or any portion of the assets of the Company, to compel any
sale of all or any portion of the assets of the Company pursuant to any applicable law or to file a complaint or to institute any proceeding at law or in equity to cause the dissolution, liquidation, winding up or termination of the Company. The
Primary Member shall not have any interest in any specific assets of the Company, and the Primary Member shall not have the status of a creditor with respect to any distribution pursuant to Section 16 hereof. The interest of each of the
Members in the Company is personal property. 

  
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 Section 26. Benefits of Agreement; No Third-Party Rights.

 None of the provisions of this Agreement shall be for the benefit of or enforceable by any creditor of the Company or by any creditor of
the Primary Member or the Special Member. Nothing in this Agreement shall be deemed to create any right in any Person (other than the Special Member) not a party hereto, and this Agreement shall not be construed in any respect to be a contract in
whole or in part for the benefit of any third Person (except as provided in Section 29). 
 Section 27. Severability of Provisions.

 If any provision of this Agreement is held by a court of competent jurisdiction to be invalid, unenforceable, or void, that provision
will be enforced to the fullest extent permitted by applicable law, and the remainder of this Agreement will remain in full force and effect. If the time period or scope of any provision is declared by a court of competent jurisdiction to exceed the
maximum time period or scope that that court deems enforceable, then that court will reduce the time period or scope to the maximum time period or scope permitted by law. If the geographic region or scope of any provision is declared by a court of
competent jurisdiction to exceed the maximum geographic region or scope that that court deems enforceable, then that court will reduce the geographic region or scope to the maximum time period or scope permitted by law. 

Section 28. Entire Agreement. 
 This
Agreement, together with the referenced definitions and provisions of the License Agreement and the exhibits and schedules incorporated herein or therein, constitute the entire agreement of the parties with respect to the subject matter hereof. 

Section 29. Binding Agreement. 

Notwithstanding any other provision of this Agreement, the Primary Member agrees that this Agreement, including, without limitation,
Sections 7, 8, 9, 20, 21, 22, 23, 24, 26, 28, 29, 31, 32, 33, 34, 35 and 36, constitutes a legal, valid and binding
agreement of the Primary Member, and is enforceable against the Primary Member by the Special Member, in accordance with its terms. In addition, the Special Member shall be the intended beneficiary of this Agreement. 

Section 30. Governing Law. 
 This
Agreement shall be governed by and construed under the laws of the State of Delaware (without regard to conflict of laws principles), all rights and remedies being governed by said laws. 

Section 31. Jurisdiction. 
 Each of
the Primary Member and the Special Member hereby irrevocably submits to the personal jurisdiction of any state or federal court sitting in the State of Utah, County of Salt Lake, in any suit, action or proceeding arising out of or relating to this
Agreement. Each Member hereby irrevocably waives, to the fullest extent permitted by applicable law, any objection which that Member may raise now, or later have, to the laying of the venue of any such

  
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suit, action or proceeding brought in such a court and any claim that any such suit, action or proceeding brought in such a court has been brought in an inconvenient forum. Each Member agrees
that, to the fullest extent permitted by applicable law, a final judgment in any such suit, action, or proceeding brought in such a court will be conclusive and binding upon such Member, and may be enforced in any court of the jurisdiction in which
such Member is or may be subject by a suit upon such judgment. Each Member further agrees that personal jurisdiction over it may be effected by service of process by certified mail addressed as provided in Section 38, and when so made
will be as if served upon it personally within the State of Utah. 
 Section 32. WAIVER OF JURY TRIAL. 

EACH MEMBER HEREBY WAIVES ITS RIGHTS TO A TRIAL BY JURY OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF OR RELATED TO THIS
AGREEMENT, IN ANY ACTION, PROCEEDING OR OTHER LITIGATION OF ANY TYPE BROUGHT BY EITHER MEMBER AGAINST THE OTHER, WHETHER WITH RESPECT TO CONTRACT CLAIMS, TORT CLAIMS, OR OTHERWISE. EACH MEMBER HEREBY AGREES THAT ANY SUCH CLAIM OR CAUSE OF ACTION
WILL BE TRIED BY A COURT TRIAL WITHOUT A JURY. WITHOUT LIMITING THE PREVIOUS SENTENCE, THE MEMBERS FURTHER AGREE THAT THEIR RESPECTIVE RIGHTS TO A TRIAL BY JURY IS WAIVED BY OPERATION OF THIS SECTION AS TO ANY ACTION, COUNTERCLAIM, OR OTHER
PROCEEDING THAT SEEKS, IN WHOLE OR IN PART, TO CHALLENGE THE VALIDITY OR ENFORCEABILITY OF ANY PORTION OF THIS AGREEMENT. THIS WAIVER WILL APPLY TO ANY SUBSEQUENT AMENDMENT, RENEWAL, SUPPLEMENT, OR MODIFICATION TO THIS AGREEMENT. 

Section 33. Specific Performance. 

The Members agree that irreparable damage would occur if any provision of this Agreement were not performed in accordance with the terms
thereof, and that the Members will be entitled to seek specific performance of the terms of this Agreement, in addition to any other remedy to which they are entitled at law or in equity. 

Section 34. Attorneys’ Fees 

In any Dispute, the prevailing Member will be entitled to recover a reasonable allowance for attorneys’ fees and litigation expenses. For
purposes of this Section 34, “prevailing Member” will mean: (a) a prevailing Member in any litigation as determined by a court of competent jurisdiction; and (b) a Member who agrees to dismiss a Dispute with prejudice
upon the other’s payment of the sums allegedly due or performance of convents allegedly breached. 
 Section 35. Confidentiality. 

(a) Obligations of the Receiving Party. 
  

	 	(i)	 The Receiving Party and its Representatives will: (i) keep and safeguard as confidential all of the Disclosing Party’s Confidential
Information, using at least those measures that the Receiving Party takes to protect its own information of a similar nature, including, as applicable, secure 

  
 14 

	 	
access to information technology systems where Confidential Information is stored, which measures will, at minimum, be reasonable; (ii) not disclose any Confidential Information in any
manner whatsoever, except in accordance with Sections 35(a)(ii) or 35(a)(iv), or as required by applicable Law pursuant to Section 35(b); and (iii) use the Disclosing Party’s Confidential Information only to
perform the Receiving Party’s obligations or exercise the Receiving Party’s rights under a Transaction Agreement or otherwise for the benefit of the Disclosing Party. 

 

	 	(ii)	A Receiving Party may disclose the Disclosing Party’s Confidential Information to the Receiving Party’s Representatives who: (a) have a need to know the Confidential Information for the performance of the
Receiving Party’s obligations or exercise of its rights under this Agreement or the License Agreement; (b) are informed by Receiving Party of the confidential nature of the Confidential Information; and (c) agree in writing to
strictly abide by an obligation of confidentiality no less strict than the terms of this Section 35 or have another legal duty of confidentiality to the Receiving Party. Each Member will remain liable for any use or disclosure of the
other Member’s Confidential Information by any Representative in contravention of this Section 35. 

  

	 	(iii)	Neither Member will make any copy of the other Member’s Confidential Information unless approved in writing by the other Member. Neither Member may remove any proprietary, copyright, confidential, trade secret or
other legend from any of the other Member’s Confidential Information or any copies. 

  

	 	(iv)	Except for disclosures made in accordance with Section 35(a)(ii), any disclosure by the Receiving Party or any of its Representatives of the Disclosing Party’s Confidential Information is subject to the
prior written consent of one of the following individuals at the Disclosing Party: (i) for the Special Member, the Chief Executive Officer or the Chief Legal Officer; and (ii) for the Primary Member, the President or the General Counsel.

 (b) If either Member or an Affiliate of either Member is requested to or required by Law to disclose the existence or terms
of this Agreement, the License Agreement or the other Member’s Confidential Information in contravention of the provisions of this Section 35, such Member must promptly provide the other Member with drafts of any filings or other
documents in which such Member or its Affiliate is required to disclose any portion of this Agreement, the License Agreement, or any other Confidential Information of the other Member subject to the terms of this Section 35, but in no
event less than three business days prior to filing or disclosure, and such Member will consider in good faith making any changes to such materials as requested by the other Member to the extent such changes are, in the good faith judgment of such
Member, permitted by Law. 
 (c) Neither Member may make any public announcement, including any press release, website disclosure, interview
intended for publication, advertisement, professional or 

  
 15 

 
trade publication, mass marketing material, or other announcement to the general public, in each case regarding the other Member or this Agreement or the License Agreement, unless the other
member agrees in writing in accordance with Section 35(a)(ii) or Section 35(a)(iv), as applicable. Each Member will avoid deceptive, misleading or unethical practices that are or might be detrimental to the other Member and
not disparage the other Member or its products or services. 
 (d) EXCEPT AS EXPRESSLY SET FORTH IN THE LICENSE AGREEMENT, ALL CONFIDENTIAL
INFORMATION IS PROVIDED “AS IS.” NEITHER MEMBER MAKES ANY WARRANTIES, EXPRESS, IMPLIED, OR OTHERWISE, REGARDING THE ACCURACY, COMPLETENESS, OR PERFORMANCE OF ITS CONFIDENTIAL INFORMATION. 

(e) All documents and other tangible objects containing or representing Confidential Information and all copies of them will be and remain the
property of the Disclosing Party. Upon the Disclosing Party’s request, the Receiving Party will promptly deliver to the Disclosing Party all Confidential Information, without retaining any copies unless otherwise expressly authorized by the
License Agreement. 
 (f) Nothing in this Section 35 is intended to grant any rights to either Member under any patent,
copyright, or other intellectual property right of the other Member, nor will this Section 34 grant any Party any rights in or to the Confidential Information of the other Member, except as expressly set forth in this
Section 35. 
 (g) The obligations of each Receiving Party under this Section 35 will survive until all Confidential
Information of the other Member becomes publicly known and made generally available through no action or inaction of the Receiving Party. 

(h) The Receiving Party will indemnify and hold harmless the Disclosing Party from any damage, loss, cost, or liability (including reasonable
attorney fees) arising or resulting from any unauthorized use or disclosure of the Disclosing Party’s Confidential Information by Receiving Party or any of its employees, agents, or Subsidiaries. 

Section 36. Counterparts. 
 This
Agreement may be executed in any number of counterparts, each of which shall be deemed an original of this Agreement and all of which together shall constitute one and the same instrument. 

  
 16 

 Section 37. Notices. 

All notices, requests, demands, and other communications required or permitted to be given under this Agreement by any party shall be in
writing delivered to the applicable parties at the following address: 
  

			
	if to Special Member:	    	with a copy to:
		
	 Vivint Solar, Inc.
 4931 North 300
West
 Provo, Utah 84604
 Attn: Greg Butterfield, CEO

E-mail: greg.butterfield@vivintsolar.com
	    	 Vivint Solar, Inc.
 4931 North 300 West

Provo, Utah 84604
 Attn: Vivint Solar Legal Department

E-mail: solarlegal@vivintsolar.com

		
	if to Primary Member:	    	with a copy to:
		
	 Vivint, Inc.
 4931 North 300 West

Provo, Utah 84604
 Attn: Alex Dunn, President

E-Mail: adunn@vivint.com
	    	 Vivint, Inc.
 4931 North 300 West

Provo, Utah 84604
 Attn: Nathan Wilcox, General Counsel

E-Mail: nwilcox@vivint.com

 or to such other address as any Member may designate from time to time by written notice to all other parties. Each such
notice, request, demand, or other communication shall be deemed given and effective, as follows: (a) if sent by hand delivery, upon delivery; (b) if sent by first-class U.S. Mail, postage prepaid, upon the earlier to occur of receipt or
three (3) days after deposit in the U.S. Mail; (c) if sent by a recognized prepaid overnight courier service, one (1) day after the date it is given to such service; (d) if sent by facsimile, upon receipt of confirmation of
successful transmission by the facsimile machine; and (e) if sent by email, upon acknowledgement of receipt by the recipient. 
 Section 38.
Effectiveness. 
 Pursuant to Section 18-201 (d) of the Act, this Agreement shall
be effective as of the time of the filing of the Certificate of Formation with the Office of the Delaware Secretary of State on June 9, 2014. 

[Remainder of page intentionally left blank] 

  
 17 

 IN WITNESS WHEREOF, the undersigned, intending to be legally bound hereby, has duly executed this
Limited Liability Company Agreement as of the [    ]th day of [            ], 2014. 

 

			
	PRIMARY MEMBER:
	
	VIVINT, INC.
		
	By:	 	  

	Name:
	Title:
	
	SPECIAL MEMBER:
	
	VIVINT SOLAR, INC.
		
	By:	 	  

	Name:
	Title:

  
 18 

 SCHEDULE A 

Definitions 
  

	A.	Definitions 

 When used in this Agreement, the following terms not otherwise defined
herein have the following meanings: 
 “Act” has the meaning set forth in the preamble to this Agreement. 

“Affiliate” means, with respect to a specified Person, any other Person that directly or indirectly controls, is controlled
by or is under common control with such specified Person; provided that, for the purposes of this Agreement, the Company and the Primary Member shall not be considered Affiliates of each other, the Company and the Special Member shall not be
considered Affiliates of each other and the Primary Member and the Special Member shall not be considered Affiliates of each other. 

“Agreement” means this Limited Liability Company Agreement of the Company, together with the schedules attached hereto, as
amended, restated or supplemented or otherwise modified from time to time. 
 “Bankruptcy” means, with respect to any
Person, if such Person (i) makes an assignment for the benefit of creditors, (ii) files a voluntary petition in bankruptcy, (iii) is adjudged a bankrupt or insolvent, or has entered against it an order for relief, in any bankruptcy or
insolvency proceedings, (iv) files a petition or answer seeking for itself any reorganization, arrangement, composition, readjustment, liquidation or similar relief under any statute, law or regulation, (v) files an answer or other
pleading admitting or failing to contest the material allegations of a petition filed against it in any proceeding of this nature, (vi) seeks, consents to or acquiesces in the appointment of a trustee, receiver or liquidator of the Person or of
all or any substantial part of its properties, or (vii) if 120 days after the commencement of any proceeding against the Person seeking reorganization, arrangement, composition, readjustment, liquidation or similar relief under any statute, law
or regulation, if the proceeding has not been dismissed, or if within 90 days after the appointment without such Person’s consent or acquiescence of a trustee, receiver or liquidator of such Person or of all or any substantial part of its
properties, the appointment is not vacated or stayed, or within 90 days after the expiration of any such stay, the appointment is not vacated. The foregoing definition of “Bankruptcy” is intended to replace and shall supersede and replace
the definition of “Bankruptcy” set forth in Sections 18-101(1) and 18-304 of the Act. 

“Certificate of Formation” means the Certificate of Formation of the Company filed with the Secretary of State of the State
of Delaware on June 9, 2014, as amended or amended and restated from time to time. 
 “Company” has the meaning set
forth in the preamble to this Agreement. 
 “Confidential Information” means all non-public information provided or made
available by or on behalf of one Member to the other Member or otherwise acquired, directly or indirectly, by the Receiving Party as a result of the relationship between the Members, whether before or after the Effective Date, in writing, orally, or
by inspection of tangible objects, including any 

  
 19 

 
analyses, compilations, forecasts, studies, or other documents prepared by the Receiving Party or its Representatives that contain or reflect such non-public information. Confidential Information
includes the terms and existence of this Agreement, the License Agreement, all other documents or agreements entered into between the Members relating to the Marks, customer data, financial information, and employee data. Confidential Information
may also include information disclosed to the Disclosing Party by third parties. Confidential Information will not, however, include any information that the Receiving Party can demonstrate by competent evidence: (i) was publicly known or made
generally available in the public domain prior to the time of disclosure by the Disclosing Party; (ii) becomes publicly known or made generally available after disclosure by the Disclosing Party to the Receiving Party through no action or
inaction of the Receiving Party or any of its Affiliates or Representatives; (iii) is lawfully obtained by the Receiving Party or an Affiliate or Representative from a third party without a breach by the third party of its legal, contractual,
or fiduciary obligations of confidentiality; or (iv) is independently developed by the Receiving Party without use of or reference to the Disclosing Party’s Confidential Information, as shown by competent evidence in the Receiving
Party’s possession. 
 “Control” means the possession, directly or indirectly, of the power to direct or cause the
direction of the management or policies of a Person, whether through the ownership of voting securities or general partnership or managing member interests, by contract or otherwise. “Controlling” and “Controlled” shall have
correlative meanings. Without limiting the generality of the foregoing, a Person shall be deemed to Control any other Person in which it owns, directly or indirectly, a majority of the ownership interests. 

“Disclosing Party” means the Party who provides (by any means) any Confidential Information to the Receiving Party. 

“Dispute” means any dispute, controversy or claim between or among any of the Company or a Member (including for this purpose
any transferee of a Membership Interest) in connection with or related to this Agreement or the License Agreement, including any collateral claim, or action made or brought against the Primary Member, the Officers or any Member in respect of a
decision, action or omission to act. The foregoing notwithstanding, “Dispute” shall not include any claim alleging trademark infringement. 

“License Agreement” has the meaning set forth in Section 7(a)(ii) of this Agreement, and as amended from time to
time in accordance with its terms. 
 “Marks” means the Marks, as defined in the License Agreement. 

“Material Action” means to (i) consolidate or merge the Company with or into any Person (whether or not such merger or
consolidation is into a wholly-owned subsidiary corporation or a purely internal merger solely to effect a change in domicile), (ii) sell, convey or otherwise dispose of in any manner, including by license (or agrees in writing to do the same),
all or a material portion of the property, rights or assets of the Company, except as permitted in the License Agreement, (iii) enter into any agreement or transaction with any Affiliate, (iv) institute proceedings to have the Company be
adjudicated bankrupt or insolvent, (v) consent to the institution of bankruptcy or insolvency proceedings against the Company or file a petition seeking, or consent to, reorganization or relief with respect to the Company under any applicable
federal or state law relating to bankruptcy, (vi) consent to the appointment of a receiver, 

  
 20 

 
liquidator, assignee, trustee, sequestrator (or other similar official) of the Company or a substantial part of its property, (vii) consent to substantive consolidation of the Company,
(viii) make any assignment for the benefit of creditors of the Company, (ix) admit in writing the Company’s inability to pay its debts generally as they become due, (x) take any action that might reasonably be expected to cause
the Company to become insolvent, (xi) to the fullest extent permitted by law, dissolve or liquidate the Company, or (xii) take action in furtherance of any of the foregoing. 

“Members” has the meaning set forth in the preamble to this Agreement. 

“Membership Interest” means all of the rights, powers, obligations and duties permitted to a member of a limited liability
company formed under the Act, including, but not limited to, the right to received distributions and all voting rights permitted to a member under the Act. 

“Officer” means an officer of the Company described in Section 11. 

“Officer’s Certificate” means a certificate signed by any Officer of the Company who is authorized to act for the
Company in matters relating to the Company. 
 “Person” means any individual, corporation, partnership, joint venture,
limited liability company, limited liability partnership, association, joint stock company, trust, unincorporated organization, or other organization, whether or not a legal entity, and any governmental authority. 

“Receiving Party” means the Party to whom any Confidential Information is provided (by any means) by the Disclosing Party.

 “Representatives” means directors, officers, employees, consultants, representatives, attorneys, accountants, agents,
equity holders, auditors, senior lenders, take-out lenders, and Affiliates. 
 “Term” has the meaning set forth in the
License Agreement. 
 “Vivint Solar Business” means the business of selling renewable energy or energy storage products and
services to any Person. 
  

	 	B.	Rules of Construction 

 In this Agreement: (a) the terms “herein,”
“herewith” and “hereof” are references to this Agreement, taken as a whole; (b) the term “includes” or “including” shall mean “including, without limitation”; (c) references to a
“Section,” “subsection,” “clause,” shall mean a Section, subsection, clause of this Agreement, as the case may be, unless in any such case the context requires otherwise; (d) all references to a given agreement,
instrument or other document, or to any Law, Standard or Code, shall be a reference to such agreement, instrument or other document, or to such Law, Standard or Code, as modified, amended, supplemented and/or restated from time to time; and
(e) reference to a Person or Party includes its successors and permitted assigns; the singular shall include the plural and the masculine shall include the feminine and neuter, and vice versa. 

  
 21 

 SCHEDULE B 

Members 
  

							
	 Name
	  	 Mailing Address
	  	Membership
Interest	 
	 Vivint, Inc.
	  	 4931 North 300 West
 Provo, Utah
84604
	  	 	90	% 
	 Vivint Solar, Inc.
	  	 4931 North 300 West
 Provo, Utah
84604
	  	 	10	% 

  
 22EX-10.24

 Exhibit 10.24 

EXECUTION COPY 

TRADEMARK LICENSE AGREEMENT 

This TRADEMARK LICENSE AGREEMENT (this “Agreement”), dated as of June [    ], 2014 (the
“Effective Date”), by and among VIVINT SOLAR LICENSING, LLC, a limited liability company organized under the laws of Delaware (“Licensor”) and VIVINT SOLAR, INC., a Delaware corporation (f/k/a V Solar
Holdings, Inc.) (“Licensee”). Each of Licensor and Licensee may also be referred to herein individually as a “Party”, and collectively as the “Parties”. 

RECITALS 
 WHEREAS, Licensee and
Vivint, Inc. (“Vivint”) are affiliate business entities, under the common control and ownership of 313 Acquisition, LLC, a Delaware limited liability company; 

WHEREAS, Licensee and Vivint entered into that certain Limited Liability Company Agreement, dated on or about the date hereof, pursuant to
which, inter alia, Licensee and Vivint are members and co-managers of the Licensor; 
 WHEREAS, Vivint is the owner of the trademark
“Vivint Solar,” which was licensed by Vivint to Licensee beginning on June 1, 2011, pursuant to that certain Trademark / Service Mark License Agreement, dated of June 1, 2011, as amended and restated by that certain Amended and
Restated Trademark / Service Mark License Agreement, dated as of June 10, 2013 (the “Prior License”); 

WHEREAS, simultaneous with this Agreement, Vivint and Licensee are terminating the Prior License, and Vivint is assigning the “Vivint
Solar” trademark to Licensor pursuant to that certain Trademark Assignment Agreement, dated on or about the date hereof, 
 WHEREAS,
Licensor desires to license the “Vivint Solar” mark to Licensee, and the Parties desire to enter into this Agreement to replace the Prior License; 

AGREEMENT 
 NOW, THEREFORE, for
good and valuable consideration, the receipt and sufficiency of which is hereby established, and in consideration of the terms and conditions set forth herein, Licensor and Licensee hereby agree as follows: 

ARTICLE 1 - DEFINITIONS 

a. Definitions. Any capitalized term used but not defined in this Agreement will have the meaning set forth for that term in the Master
Framework Agreement. 
 (i) “Affiliate” of a Party means any Person that directly or indirectly, through one or more
intermediaries, controls, is controlled by, or is under common control with, that Party. The term “control” (including the terms “controlled by” and “under common control 

  

					
		  	-1-	  	TRADEMARK LICENSE

 
with”) means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting
securities, by contract, or otherwise. For clarity, Licensor and Licensee shall not be considered Affiliates of each other, and Vivint, Inc. shall be considered an Affiliate of Licensor (but not of Licensee) for purposes of this Agreement. 

(ii) “Marks” shall mean any Source Indicator comprising or including the term “Vivint Solar” (which must be
the two words together, in that order, presented as a single composite mark, and the “Solar” portion cannot be materially smaller than, or separated from the “Vivint” portion in any manner that does not convey “Vivint
Solar” as a single composite mark), including the Source Indicators set forth on Schedule A attached hereto. For clarity, “Vivint Solar Panels” is a Mark (subject to the approval process in Section 2(c)) but “Vivint
The Solar Company” and “VIVINT Solar” are not Marks. 
 (iii) “Source Indicators” shall mean
trademarks, service marks, social, digital, or mobile media identifiers, corporate names (including d/b/a, f/k/a and similar designations), trade names, domain names, logos, slogans, designs, trade dress and other designations of source or origin,
together with the goodwill symbolized by any of the foregoing. 
 (iv) “Vivint Solar Business” means the business of
selling renewable energy or energy storage products and services to any Person. 
 (v) “Vivint Solar Competitor”
shall mean a Person who is engaged in any aspect of the Vivint Solar Business. 
 b. Terms Generally. Except as otherwise provided in
this Agreement, each Party hereby agrees and acknowledges that the rules of interpretation from the Master Framework Agreement shall apply to this Agreement. 

ARTICLE 2 - LICENSE 
 a.
Grant of Rights. For the term of this Agreement, Licensor hereby grants to Licensee a worldwide, exclusive (even as to Vivint and Licensor), perpetual (except as provided in Section 7(b)), irrevocable, non-terminable (except as provided
in Section 7(b)), fully paid up, royalty-free right and license to use the Marks, free and clear of any Liens, on and in connection with the Vivint Solar Business (collectively, the “License”). 

b. Sublicensees. Licensee may sublicense the License without the prior consent of Licensor solely (i) to Licensee’s
Subsidiaries (except in a transaction that triggers termination under Section 7(b)(v)) and (ii) to suppliers, vendors, distributors, customers, partners, end-users, and other similarly situated Persons, in each case, to the extent
necessary to operate Licensee and such Subsidiaries’ businesses and not for the independent or unrelated use of any such Persons, provided that (x) Licensee is liable hereunder for any action or inaction by any such sublicensee that would
breach this Agreement if committed by Licensee, and (y) any such sublicense is non-assignable and non-sublicensable. Any purported sublicense in violation of this Section 2(b) shall be null and void ab initio and of no force and effect.
Licensee shall not sublicense or authorize a sublicensee to take any action that would violate this Agreement if committed by Licensee. 

  

					
		  	-2-	  	TRADEMARK LICENSE

 c. New Marks. Licensee shall not adopt or use (i) the Marks with any other Source
Indicator in any manner that creates or suggests a composite or combination mark; (ii) any translations, transliterations, stylizations, fonts, logos or variations of the Marks; or (iii) the Marks in any new country or jurisdiction
(collectively (i)-(iii), a “Mark Variation”), without the prior written consent of Licensor. Such consent shall not be unreasonably withheld, conditioned or delayed with respect to any Mark Variation, except for any Mark
Variation that proposes any stylization, font, logo or variation of the Mark, with respect to which Licensor’s consent shall be in its sole discretion. Licensor approves all Mark Variations in use as of the Effective Date. All approved Mark
Variations shall be deemed Marks under the Agreement, except that Licensor acquires no right, title or interest under this Agreement in any element of the Mark Variations as part of the Mark or standing alone, other than the “Vivint”
element. Further, if Licensor adopts or uses any new translations, transliterations, stylizations, fonts, logos or variations of the Marks and notifies Licensee of same, Licensee shall (a) use commercially reasonable efforts to transition to
same promptly after receipt of such notice, and (b) in any event adopt and use same within nine (9) months after receipt of any such notice, provided that (x) Licensor shall not unreasonably refuse an extension of time requested by
Licensee for individual items for which the brand transition could not be reasonably completed during such time and (y) Licensee shall be free to exhaust any existing collateral that displays the prior versions of the Marks as of the
notification date, is used internally and is not visible to third parties, until its replacement in the ordinary course of business. 
 d.
Reservation of Rights. All rights in the “Vivint” element of Marks not expressly granted to Licensee are hereby reserved to Vivint LLC. Except in connection with archival and legally permissible “fair use” references,
Licensee shall not use any Source Indicator comprising or including the term “Vivint” other than a licensed Mark hereunder. 

ARTICLE 3 - PARTIES’ OBLIGATIONS 

a. Authorization. Licensor hereby gives, and for no additional consideration, at Licensee’s reasonable request and expense, agrees
to attend to any additional formalities necessary to give, Licensee all necessary consents to allow Licensee to use and exploit the Marks, including in connection with any registration, licensing, and/or qualification with any federal, state, or
local government agency. Assistance under this section may include execution, acknowledgment and recordation of specific agreements, oaths, declarations and other documents as Licensee may reasonably request. 

b. Approval. Licensee shall not be required to seek prior approval from Licensor for any advertising, promotional or marketing
materials or other uses of the Marks. No more than once a year during the Term (unless prior samples provided by Licensee or other evidence suggests that Licensee may be in breach of the Agreement), at Licensor’s reasonable request and expense,
Licensee shall send to Licensor representative samples of marketing materials, products and services in any media bearing the Marks. 

  

					
		  	-3-	  	TRADEMARK LICENSE

 ARTICLE 4 - OWNERSHIP OF TRADEMARKS 

a. Ownership. Licensee acknowledges that Licensor is the owner of the Marks and all the goodwill associated with the Marks. Licensee
acquires no right, title or interest in or to the Marks under this Agreement, and any and all goodwill associated with the “Vivint” element of Marks by Licensee’s use shall inure exclusively to the benefit of Licensor. The foregoing
does not limit Licensee’s ownership and registration rights in Section 6(a)(ii). 
 b. Registration. Except as provided in
this Section 4(b)(i) or in Section 6a(ii), Licensor shall have the sole right to file, prosecute until registration, register, maintain and renew all registrations, applications and reservations of all Source Indicators containing the
Marks, which such actions shall be taken at Licensee’s request and expense. Licensor has the sole right to file for any new registrations, applications or reservations of all Source Indicators containing the Marks, but shall not unreasonably
refuse, condition or delay to file if requested by Licensee to do so. If Licensor refuses any request by Licensee on such grounds, it shall promptly specify the reasons in sufficient detail to allow Licensee to attempt to cure. Once Licensor has
filed for a new registration, application or reservation for the Marks, it shall cause Licensee to be kept apprised of all future required submissions and responses to prosecute, maintain and renew same. Subject to Licensor promptly keeping Licensee
apprised of any response and submission deadlines, Licensee shall provide Licensor with reasonable advance notice of any responses or submissions it wishes for Licensor to take in this regard, and Licensor shall not unreasonably refuse, condition or
delay to take all such actions within a reasonable time after any such notice or allow Licensee to do so in its stead. If (a) Licensee has provided reasonable advance notice in writing, assuming Licensor promptly keeps Licensee apprised of any
such response and submission deadline, (b) Licensor unreasonably fails to make any required submission or response to a government agency or registry with respect to the prosecution, maintenance or renewal of a previously filed application for
a Mark, and (c) a government agency or registry deadline is imminent, Licensor hereby provides Licensee with a power of attorney (and Licensor will execute any necessary power of attorney in favor of Licensee) solely to complete and file
the submission or response referenced in Section 4(b)(i)(b), and such power of attorney shall not apply to any subsequent submissions or responses for such Mark, unless clauses (a)-(c) apply thereto. 

c. No Contest. During the Term and thereafter, Licensee shall not dispute or contest, directly or indirectly, Licensor’s ownership
of the Marks at all times prior to the termination of this Agreement, including without limitation all registrations and pending registrations thereof and any other rights and common law rights therein. During the Term and thereafter, Licensee shall
not dispute or contest, directly or indirectly, the validity or enforceability of the Marks at all times prior to the termination of the Agreement, nor directly or indirectly attempt to acquire the value of the goodwill associated with the
“Vivint” element of the Marks. Neither Party nor its Affiliates shall intentionally damage the value of the goodwill associated with the Marks. 

ARTICLE 5 - QUALITY CONTROL 

a. Licensee will use the Marks only for materials, services and products which are at least of comparable quality to (i) the products
offered by Vivint at the applicable time, or (ii) the products offered by Licensee as of the Effective Date, which Licensor acknowledges are of a sufficient quality; 

  

					
		  	-4-	  	TRADEMARK LICENSE

 b. Licensee will use the Marks in accordance with all applicable Laws; 

c. Licensor will have the right, at all reasonable times and upon reasonable notice, and no more than once per year (unless prior samples
provided by Licensee suggested that Licensee may be in breach of the Agreement), and at Licensor’s sole expense, to monitor and inspect the materials and products being used and/or sold and the services being performed by Licensee and its
sublicensees under the Marks at Licensee’s (or the sublicensee’s, as applicable) premises to determine that they are of acceptable quality; and 

d. Licensee will advise Licensor of any known material breach of quality control requirements of this Section 5 or brand
guidelines attached as Exhibit A . 
 ARTICLE 6 - OBLIGATION OF LICENSOR AND LICENSEE 

a. Licensor. Licensor agrees that Licensee will be the registrant of all current and approved future domain names included in the
Marks, including those domain names listed on Schedule 1. Licensee shall have the right to serve as the administrative, technical and/or other contact with the registry for any such domain name, and shall have operational and technical
control over all websites operated under such domain names. Licensee will be the registrant of all current and approved future corporate, d/b/a and similar names and all identifiers for pages or venues in social, digital or mobile media
(“New Media IDs”). Licensee acknowledges that such permitted registrant status does not limit or modify Licensor’s ownership of the Marks that are embodied in the domain names and New Media IDs. 

b. Licensee. Licensee agrees that so long as this Agreement remains in force and effect it will: 

(i) Use the Marks solely for the purposes allowed under this Agreement; and 

(ii) Comply with the brand guidelines attached as Exhibit A, which may be amended during the Term of this Agreement in Licensor’s
discretion, provided that such amendments (w) are reasonable; (x) do not impose restrictions that are more onerous to Licensee viz-a-vis Licensor and its Affiliates’ own use of Marks containing “Vivint” and any brand
guidelines applied to any third parties; (y) are notified to Licensee in writing and (z) concern only the visual appearance of the Marks and do not impose restrictions that would limit or modify Licensee’s other rights under this
Agreement. Licensee shall have 270 days after the above notice to comply with any such amended guidelines. 
 ARTICLE 7 - TERM/ABANDONMENT

 a. Term. The term of this Agreement (“Term”) commences on the Effective Date and will continue in
perpetuity, unless termination occurs pursuant to Section 7(b). 

  

					
		  	-5-	  	TRADEMARK LICENSE

 b. Termination. 

(i) Licensee may voluntarily terminate this Agreement after providing Licensor with written notice specifying the effective date of such
termination. 
 (ii) Licensor may terminate this Agreement if a court of competent jurisdiction finds in a final, non-appealable judgment,
that (x) Licensee has materially breached this Agreement; (y) such breach caused ongoing material harm to the Mark and/or the “Vivint” Mark; and (z) such breach was not fully cured within thirty (30) days after written
notice of such breach by Licensor indicating such breach with reasonable specificity (or, if Licensee has made diligent efforts towards cure in such 30-day period, within sixty (60) days after such written notice). Licensor may not otherwise
terminate this Agreement for Licensee’s breach hereof, but may pursue all of its other rights and remedies (including the right to seek damages and temporary or permanent injunctive or equitable relief, including specific performance) in the
event of any such breach. 
 (iii) Licensor may terminate this Agreement, effective upon written notice to Licensee if (a) Licensee
makes a general assignment for the benefit of creditors; (b) Licensee admits in writing its inability to pay debts as they mature; (c) a trustee or receiver is appointed for substantially all of Licensee’s assets or (d) to the
extent termination is enforceable under local law, a proceeding in bankruptcy is instituted against Licensee which is acquiesced in, is not dismissed within 120 days, or results in an adjudication of bankruptcy. The Parties intend and agree that
Licensor cannot file for a U.S. bankruptcy without Licensee’s consent under that Limited Liability Company Agreement of Vivint Solar Licensing, LLC dated June     , 2014. Notwithstanding the foregoing, in the event that
Licensor is involuntarily subject to a U.S. bankruptcy, the Parties intend that, to the fullest extent permitted by law, rights under this Agreement shall be deemed licenses of rights to “intellectual property” for the purposes of
Section 365 of the U.S. Bankruptcy Code (the “Code”) (11 U.S.C. §365), such that Licensor or the trustee shall not be eligible to reject this Agreement in such circumstances. 

(iv) Licensor may terminate this Agreement, effective upon 365 days prior written notice to Licensee, if Licensor or Vivint is acquired
(directly or indirectly, in whole or in part) by a Vivint Solar Competitor. 
 (v) Licensor may terminate this Agreement, effective
immediately, if Licensee is acquired directly or indirectly by a Person Licensor reasonably determines to be a competitor or an Affiliate of a competitor of Vivint, Inc. (a “Vivint Competitor”) (which includes a transaction
in which Licensee or its Affiliates is the nominal or literal acquirer, but the Vivint Competitor will directly or indirectly control the surviving company). In the event of such a termination, Licensor hereby grants to Licensee a license to
continue using the Marks solely in compliance with the below: 
 (1) Within 30 days of the termination date, Licensee must file to remove
the Marks from all corporate names and other registrations with any state corporate agencies or authorities and must thereafter diligently prosecute such name changes to completion; 

(2) The Parties will cooperate to, at Licensee’s option, deactivate immediately or redirect all domain names and New Media IDs
containing the 

  

					
		  	-6-	  	TRADEMARK LICENSE

 
Marks to domain names, websites and social, mobile or digital media pages or venues branded with the acquirer’s Source Indicators within 90 days of the termination date (and deactivate such
domain names and New Media IDs promptly after such 90 day period); 
 (3) Within 30 days of the termination date, Licensee will remove all
uses of the Marks as Source Indicators from the above websites and all such social, mobile or digital media pages or venues; 
 (4) Within
90 days of the termination date, Licensee must remove all Marks from all physical materials and collateral that Licensee makes visible to third parties, including business cards, invoices, receipts, stationery, packaging, displays, portable signage,
advertising and promotional materials, products, manuals, and product literature; 
 (5) Within 270 days of the termination date, Licensee
must remove all Marks from all heavy machinery, vehicles, tools, dyes and large, fixed signage and cease all other use of the Marks; 

Provided that, for any of the foregoing deadlines under this Section 7(b)(v), in the event that Licensee is diligently and in good faith
transitioning within such above time periods but is unable to fully complete such transition within the allotted time period, Licensor shall not refuse a reasonable request from Licensee for an extension for any transition deadlines. 

(vi) Licensor may terminate this Agreement effective immediately if Licensee ceases using the Mark worldwide. For clarity, the foregoing
applies to a unilateral abandonment of the Mark and not an acquisition described in Section 11(a). 
 c. Abandonment. 

(i) If Licensee, in any country or jurisdiction (but not worldwide), publicly announces or intends to abandon use of the Mark, it shall notify
Licensor in advance in writing, Licensee hereby consents to Licensor’s taking all reasonable actions in Licensor’s or Licensee’s name (at Licensor’s expense) to protect the Mark in any country or jurisdiction, whether or not
Licensee provides the foregoing notice. 
 (ii) If Vivint, Inc. publicly announces that it intends to cease use of “Vivint” as a
Source Indicator in all countries and jurisdictions worldwide, at Licensee’s request and expense, Licensor shall assign the Marks to Licensee. 

d. After Termination. 

(i) After the Term, Licensee may make reference to the Marks (i) in internal historical, tax, legal, employment or similar records or for
purposes of prospectus and similar disclosures as are reasonably necessary and appropriate to describe the historical relationship of Licensee with Licensor and its Affiliates; (ii) as required by applicable law or (iii) in plain text (not
logo or stylized form) in a neutral, non-trademark manner that is permitted by trademark “fair use” principles. 

  

					
		  	-7-	  	TRADEMARK LICENSE

 (ii) Licensor shall not use or license the Marks for a period of five (5) years from the
termination date of the Agreement. Licensee agrees, at Licensor’s reasonable request and expense, to take all actions to protect the Marks from third party uses or registrations during such five (5) year period. 

(iii) The following Sections survive termination of this Agreement: 4(a), 4(c), 7(b)(v), 7(d), 8(a)(ii) (with respect to Actions accruing or
initiated prior to termination), 8(b), 10, 12 & 13. 
 ARTICLE 8 - TRADEMARK INFRINGEMENT 

a. Enforcement. 
 (i)
Each Party will notify the other Party in writing of any infringement, dilution or other violation (“Infringement”) of any of the Marks by a third party when such Infringement comes to the attention of such Party, and of any
claim, suit or court Action which may be brought against Licensee or Licensor by a third party. 
 (ii) Licensor and Licensee shall consult
on any potential Action relating to the Marks in the field of the Vivint Solar Business, and shall together determine whether Licensor, Licensee or the Parties jointly shall bring an Action (including policing and enforcing the Marks against other
Persons) (any Party or Parties bringing any such Action, a “Prosecuting Party”). In the absence of a joint agreement, Licensee shall have the first right, but not the obligation, to bring an Action for any Infringement of the
Marks in or related to the field of the Vivint Solar Business, at Licensee’s own expense, and to keep all proceeds recovered in connection therewith. If Licensee declines to bring an Action and Licensor reasonably believes that such
Infringement may materially harm the “Vivint” Source Identifier outside the field of the Vivint Solar Business, Licensor or its Affiliates have the right, but not the obligation, to bring an Action at their own expense, and to keep all
proceeds recovered in connection therewith. Licensee shall have no rights to pursue any Action relating to the Marks outside the Vivint Solar Business, unless Licensor fails to bring an Action and Licensee reasonably believes that an Action is
necessary to protect the Marks in the Vivint Solar Business. In any unilateral Action under this Section 8(a)(ii), the Prosecuting Party shall notify the other Party (the “Non-Prosecuting Party”) in advance and give such
Non-Prosecuting Party a reasonable consultation right and shall not take any action or execute any agreement in such Action that adversely affects the Marks, the “Vivint” name or the Non-Prosecuting Party’s rights therein without the
prior written consent of such Non-Prosecuting Party, in its sole discretion. The Non-Prosecuting Party shall cooperate with the Prosecuting Party with respect to any such Action, including joining as a party to any litigation, if requested by the
Prosecuting Party. 
 b. Cooperation. Each Party agrees to cooperate in good faith with the other Party, at the other Party’s
reasonable request and expense, to avoid and correct any actual consumer confusion over the proper owner of the Marks and to police and enforce the Marks against other Persons. 

  

					
		  	-8-	  	TRADEMARK LICENSE

 ARTICLE 9 - REPRESENTATIONS 

Each Party represents and warrants to the other Party that: (i) the warranting Party has full power and authority to execute and deliver
this Agreement and to perform its obligations under this Agreement and (ii) this Agreement has been duly executed and delivered by the warranting Party and, assuming the due execution and delivery of this Agreement by both Parties, constitutes
a valid and binding agreement of the warranting Party enforceable against the warranting Party in accordance with its terms. 
 ARTICLE 10
- LIMITATION ON LIABILITY 
 EXCEPT IN CONNECTION WITH AN INDEMNITY OBLIGATION, NO CLAIM SHALL BE MADE BY ANY PARTY AGAINST THE OTHER
PARTY FOR ANY SPECIAL, INDIRECT, EXEMPLARY, CONSEQUENTIAL OR PUNITIVE DAMAGES (WHETHER OR NOT THE CLAIM THEREFOR IS BASED ON CONTRACT, TORT, DUTY IMPOSED BY LAW OR OTHERWISE), IN CONNECTION WITH, ARISING OUT OF OR IN ANY WAY RELATED TO THIS
AGREEMENT OR ANY ACT OR OMISSION OR EVENT OCCURRING IN CONNECTION THEREWITH. 
 ARTICLE 11 - ASSIGNMENT 

a. Assignment. Licensee may not assign or delegate this Agreement, in whole or in part, without the prior written consent of Licensor
in its sole discretion, except as provided in this Section 11(a). Licensee may assign this Agreement in its entirety, without Licensor’s consent, to an Affiliate as part of an internal reorganization, if Licensee guarantees performance of
such Affiliate hereunder and such Affiliate agrees to bound by the terms of this agreement including the limitations on assignment set forth herein. Licensee may also assign this Agreement in its entirety, without Licensor’s consent, to any
Person who is not a Vivint Competitor and acquires all or substantially all of Licensee and its Affiliates’ businesses and assets related to the Marks (in either an equity or asset sale). If Licensee or its Affiliates are acquired directly or
indirectly by a Vivint Competitor (which includes a transaction in which Licensee or its Affiliates is the nominal or literal acquirer, but the Vivint Competitor will directly or indirectly control the surviving company), the provisions of
Section 7(b)(v) shall apply, and Licensee shall notify Licensor of such intended acquisition promptly after executing a binding agreement that confirms the parties’ intent to effect same (whether on the signing date or a future closing
date). For purposes of this Section 11(a), an assignment of this Agreement shall include a change of control, merger, reorganization (in bankruptcy or otherwise), assumption in bankruptcy or equity and asset sale of Licensee, regardless of
whether such transaction is considered an “assignment” of this Agreement under governing law or whether Licensee survives such transaction. 

b. Conditions on Assignment. For any permitted assignment of this Agreement, the assignee is deemed to assume automatically (but
nonetheless must assume in writing) the assigning Party’s obligations under this Agreement in writing. Licensor may not assign this Agreement, in whole or in part, without the prior written consent of Licensee in its sole discretion. 

  

					
		  	-9-	  	TRADEMARK LICENSE

 c. Effect of Assignment. Any purported assignment or sublicense in violation of this
Agreement shall be null and void ab initio and of no force and effect. In the event of a permitted assignment, this Agreement shall be binding upon and inure to the benefit of the Party’s permitted successors and assigns, and shall no
longer bind the assigning Party, but it shall not release the assigning Party from any breach of the Agreement preceding the date of the assignment. 

ARTICLE 12 - INDEMNIFICATION 

a. Indemnity by Licensee. Licensee shall indemnify, defend at its expense and hold harmless Licensor and its directors, officers,
employees, agents and representatives from any third-party claims, losses, liabilities, damages, awards, settlements, judgments, fees, costs or expenses (including reasonable attorneys’ fees and costs of suit) to the extent arising out of or
relating to (i) any breach by Licensee of this Agreement or any action or inaction by any sublicensee hereof that would breach this Agreement if committed by Licensee; (ii) any negligence or willful misconduct by Licensee; or
(iii) any Action against Licensee on the basis of a product defect or similar claim that is mistakenly directed at Licensor; except to the extent of Licensor’s indemnity obligation. 

b. Indemnity by Licensor. Licensor shall indemnify, defend at its expense and hold harmless Licensee and its directors, officers,
employees, agents and representatives from any third-party claims, losses, liabilities, damages, awards, settlements, judgments, fees, costs or expenses (including reasonable attorneys’ fees and costs of suit) to the extent arising out of or
relating to (i) any breach by Licensor of this Agreement; (ii) any negligence or willful misconduct by Licensor; or (iii) any Action against Licensor or its Affiliates on the basis of a product defect or similar claim related that is
mistakenly directed at Licensee, except to the extent of Licensee’s indemnity obligation. 
 c. Procedures for Indemnification.
Any Party seeking indemnification hereunder (an “Indemnified Party”) shall notify the other Party (the “Indemnifying Party”) promptly in writing. The Indemnifying Party shall assume and control the defense of such
indemnified claim at its expense, provided that the Indemnified Party may join with counsel of its choice at its own expense. The Parties shall reasonably cooperate in the defense of any indemnified claim. No Party shall compromise or settle any
indemnified claim in any manner that adversely affects (or may reasonably adversely affect) the other Party without the prior written consent of the other Party in its sole discretion. 

ARTICLE 13 - MISCELLANEOUS 

a. Dispute Resolution. 

(i) The Parties will attempt in good faith to resolve any controversy or claim arising out or relating to this Agreement promptly by
negotiations between representatives or senior executives (“Representatives”) of the Parties who have authority to settle the controversy. 

(ii) If a controversy or claim should arise, the appropriate Representatives of each Party will meet at least once and will attempt to resolve
the matter. The Representatives will make every effort to meet as soon as reasonably possible at a mutually agreed time and place and in no event more than 30 days after requested by a party. 

  

					
		  	-10-	  	TRADEMARK LICENSE

 (iii) If the matter has not been resolved within 60 days of their first meeting, the
Representatives shall refer the matter to senior executives who do not have direct responsibility for administration of this Agreement (“Senior Executives”). The Senior Executives shall meet for negotiations at a mutually
agreed time and place within 30 days of the end of the 60-day period referred to above. 
 (iv) If the matter has not been resolved pursuant
to the aforesaid procedure within 20 days of the Senior Executives meeting, either Party may initiate litigation or otherwise pursue whatever remedies may be available to such Party at law or in equity. 

(v) Notwithstanding the foregoing, none of the above resolution periods shall be mandatory if an action taken by a Party will cause imminent,
material and irreparable harm to the Marks or the VIVINT Source Identifier, and in such circumstances, such other Party may immediately, upon notice to the Party, seek relief by initiating litigation or otherwise pursuing whatever remedies may be
available to such Party at law or in equity. 
 (vi) All deadlines specified in this Section 13(a) may be extended by mutual agreement.

 b. Expenses. All costs and expenses, including fees and disbursements of counsel, financial advisors, and accountants, incurred in
connection with the Agreement will be paid by the Party incurring those costs and expenses. 
 c. Arms-Length. Each Party
acknowledges and agrees that the Agreement is the product of an arm’s-length negotiation, without duress, coercion, or collusion, and will be interpreted as agreements between two Parties of equal bargaining strength. It is the Parties’
intention that the Agreement reflects the conditions which would be obtained between comparable, independent persons in substantially similar transactions (taking into account the relative responsibilities and risks between the Parties) and
comparable circumstances (taking into account the location, market, and economic conditions), thereby providing the closest approximation of the workings of the open market. 

d. Entire Agreement. This Agreement constitutes the entire agreement between the Parties and supersedes all prior oral and written
negotiations, communications, discussions, and correspondence pertaining to the subject matter of this Agreement. 
 e. Headings,
“including.” The article and section headings and any table of contents in the Agreement are for reference and convenience only and will not be considered in the interpretation of any of the Agreement. The term “including”
means by way of example and not of limitation. 
 f. Amendments and Waivers. The Agreement may only be amended or modified by an
instrument in writing signed by Licensor and by Licensee. 

  

					
		  	-11-	  	TRADEMARK LICENSE

 g. Binding Effect. The Agreement will be binding upon and inure to the benefit of the
Parties and their respective heirs, legal representatives, successors, and permitted assigns. 
 h. Notices. All notices, requests,
demands, and other communications required or permitted to be given under the Agreement by either Party must be in writing delivered to the applicable Party at the following address: 

 

			
	 if to Licensor:
  

Vivint, Inc.
 4931 North 300 West

Provo, Utah 84604
 Attn: Alex Dunn, President

E-Mail: adunn@vivint.com
	  	 with a copy to:
  

Vivint, Inc.
 4931 North 300 West

Provo, Utah 84604
 Attn: Nathan Wilcox, General Counsel

E-Mail: nwilcox@vivint.com

		
	If to Licensor for purposes of consent under Section 4(b) (in which case notice must include at least one other form of communication other than e-mail):	  	
		
	 Vivint, Inc.
 4931 North 300 West

Provo, Utah 84604
 Attn: Nathan Wilcox, General Counsel

E-Mail: nwilcox@vivint.com
  

if to Licensee:
	  	with a copy to:
		
	 Vivint Solar Licensing, LLC
 c/o Vivint Solar,
Inc.
 4931 North 300 West
 Provo, Utah 84604

Attn: Greg Butterfield, CEO
 E-mail:
greg.butterfield@vivint.com
	  	 Vivint Solar, Inc.
 4931 North 300 West

Provo, Utah 84604
 Attn: Vivint Solar Legal Department

E-mail: solarlegal@vivintsolar.com

 or to such other address as any Party may designate by written notice to the other Party. Each notice, request, demand, or
other communication will be deemed given and effective, as follows: (i) if sent by hand delivery, upon delivery; (ii) if sent by first-class U.S. Mail, postage prepaid, upon the earlier to occur of receipt or three days after deposit in
the U.S. Mail; (iii) if sent by a recognized prepaid overnight courier service, one day after the date it is given to such service; (iv) if sent by facsimile, upon receipt of confirmation of successful transmission by the facsimile
machine; and (iv) if sent by email, upon acknowledgement of receipt by the recipient. 
 i. Governing Law. The interpretation
and enforceability of the Agreement and the rights and liabilities of the Parties under the Agreement will be governed by the laws of the State of Utah without giving effect to any principles of conflict of laws. 

  

					
		  	-12-	  	TRADEMARK LICENSE

 j. Jurisdiction. Each Party hereby irrevocably submits to the personal jurisdiction of any
state or federal court sitting in the State of Utah, County of Salt Lake, in any suit, action or proceeding arising out of or relating to this Agreement. Each Party hereby irrevocably waives, to the fullest extent permitted by applicable law, any
objection which that Party may raise now, or later have, to the laying of the venue of any such suit, action or proceeding brought in such a court and any claim that any such suit, action or proceeding brought in such a court has been brought in an
inconvenient forum. Each Party agrees that, to the fullest extent permitted by applicable law, a final judgment in any such suit, action, or proceeding brought in such a court will be conclusive and binding upon such Party, and may be enforced in
any court of the jurisdiction in which such Party is or may be subject by a suit upon such judgment. Each Party further agrees that personal jurisdiction over it may be effected by service of process by certified mail addressed as provided in
Section 13(i), and when so made will be as if served upon it personally within the State of Utah. 
 k. WAIVER OF JURY
TRIAL. EACH PARTY HEREBY WAIVES ITS RIGHTS TO A TRIAL BY JURY OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT, IN ANY ACTION, PROCEEDING OR OTHER
LITIGATION OF ANY TYPE BROUGHT BY EITHER PARTY AGAINST THE OTHER, WHETHER WITH RESPECT TO CONTRACT CLAIMS, TORT CLAIMS, OR OTHERWISE. EACH PARTY HEREBY AGREES THAT ANY SUCH CLAIM OR CAUSE OF ACTION WILL BE TRIED BY A COURT TRIAL WITHOUT A JURY.
WITHOUT LIMITING THE PREVIOUS SENTENCE, THE PARTIES FURTHER AGREE THAT THEIR RESPECTIVE RIGHTS TO A TRIAL BY JURY IS WAIVED BY OPERATION OF THIS SECTION AS TO ANY ACTION, COUNTERCLAIM, OR OTHER PROCEEDING THAT SEEKS, IN WHOLE OR IN PART, TO
CHALLENGE THE VALIDITY OR ENFORCEABILITY OF ANY PORTION OF THE AGREEMENT. THIS WAIVER WILL APPLY TO ANY SUBSEQUENT AMENDMENT, RENEWAL, SUPPLEMENT, OR MODIFICATION TO THIS AGREEMENT. 

l. Specific Performance. The Parties agree that irreparable damage would occur if any provision of the Agreement were not performed in
accordance with the terms of the Agreement, and that the Parties will be entitled to seek specific performance of the terms of the Agreement, in addition to any other remedy to which they are entitled at law or in equity. 

m. Attorneys’ Fees. In any suit, action, counterclaim, or arbitration brought relating to this Agreement or the breach or alleged
breach of this Agreement, the prevailing Party will be entitled to recover a reasonable allowance for attorneys’ fees and litigation expenses. For purposes of this Section 13(m), “prevailing Party” will mean: (a) a
prevailing Party in any litigation as determined by a court of competent jurisdiction; and (b) a Party who agrees to dismiss an action or proceeding with prejudice upon the other’s payment of the sums allegedly due or performance of
convents allegedly breached. 
 n. Severability. If any provision of the Agreement is held by a court of competent jurisdiction to be
invalid, unenforceable, or void, that provision will be enforced to the fullest extent permitted by applicable law, and the remainder of the Agreement will remain in full force and effect. If the time period or scope of any provision is declared by
a court of competent 

  

					
		  	-13-	  	TRADEMARK LICENSE

 
jurisdiction to exceed the maximum time period or scope that that court deems enforceable, then that court will reduce the time period or scope to the maximum time period or scope permitted by
law. If the geographic region or scope of any provision is declared by a court of competent jurisdiction to exceed the maximum geographic region or scope that that court deems enforceable, then that court will reduce the geographic region or scope
to the maximum time period or scope permitted by law. 
 o. Counterparts. The Agreement and any document related to the Agreement may
be executed by the Parties on any number of separate counterparts, by facsimile or email, and all of those counterparts taken together will be deemed to constitute one and the same instrument; signature pages may be detached from multiple separate
counterparts and attached to a single counterpart so that all signatures are physically attached to the same document. A facsimile or portable document format (“.pdf”) signature page will constitute an original for the purposes of this
Section 13(p). 
 p. Force Majeure. Neither Party will be in breach or default under this Agreement by reason of any failure
or delay in the performance of its obligations under this Agreement where the failure or delay is due to any unforeseen cause beyond its control, including civil disturbances, riot, rebellion, invasion, epidemic, war, terrorism, embargo, natural
disaster, acts of God, flood, fire, sabotage, other events or any other circumstances or causes beyond that Party’s control; provided, however, that the delayed Party gives the other Party prompt written notice of the failure or delay and the
reason for that failure or delay and uses its reasonable efforts to avoid or limit the resulting failure or delay. Subject to the foregoing sentence, the period of performance for the delayed obligation will be extended by the duration of the delay.

 [SIGNATURE PAGES FOLLOW] 

  

					
		  	-14-	  	TRADEMARK LICENSE

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

					
	LICENSOR:
	
	 VIVINT SOLAR LICENSING, LLC,

a Delaware limited liability company

		
	By:	 	 VIVINT, INC.,
 a Utah
corporation,
 its Managing Member

			
		 	By:	 	  

		 	Name:	 	Alex Dunn
		 	Title:	 	President

 [SIGNATURE PAGES CONTINUE ON FOLLOWING PAGE] 

  

					
		  	-15-	  	TRADEMARK LICENSE

 EXECUTION COPY 

 

			
	LICENSEE:
	
	 VIVINT SOLAR, INC.,
 a Delaware
corporation

		
	By:	 	  

	Name:	 	Greg Butterfield
	Title:	 	Chief Executive Officer

  

					
		  		  	TRADEMARK LICENSE

 EXECUTION COPY 

Schedule A 

MARKS 
  

			
	 MARKS
	  	 REGISTRATION OR

APPLICATION NUMBER

	VIVINT.SOLAR	  	85/427,427
	VIVINT.SOLAR	  	85/427,420
	VIVINT SOLAR	  	85/427,430
	VIVINT SOLAR	  	85/427,389
	VIVINT SOLAR	  	85/427,422
	VIVINT SOLAR	  	85/427,413
	VIVINT SOLAR	  	85/427,400
	VIVINT SOLAR	  	85/427,393
	VIVINT.SOLAR	  	85/427,404

 Exhibit A 

BRAND GUIDELINES 
  

 

  

					
		  	-2-	  	TRADEMARK LICENSE

 

 

  

					
		  	-3-	  	TRADEMARK LICENSE

 

 

  

					
		  	-4-	  	TRADEMARK LICENSE

 

 

  

					
		  	-5-	  	TRADEMARK LICENSE

 Schedule 1 

DOMAIN NAMES 
 www.vivintsolar.com 

  

					
		  	-6-	  	TRADEMARK LICENSE

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