Document:

Exhibit 10.9

 

TRANSITIONAL TRADEMARK LICENSE
AGREEMENT

 

This
Transitional Trademark License Agreement (this “Agreement”), dated as of
               ,
2004, is made and entered into by and between GE Capital Registry, Inc., a New
York corporation (“LICENSOR”), and Genworth Financial, Inc., a Delaware
corporation (“LICENSEE”).

 

WHEREAS, LICENSOR has the right to license the GE MARKS (as hereinafter
defined) and registrations thereof in certain countries throughout the world
for various goods and services;

 

WHEREAS, General Electric Company, General Electric Capital
Corporation, GE Financial Assurance Holdings, Inc., GEI, Inc., and LICENSEE
entered into a Master Agreement, dated
               ,
2004 (the “Master Agreement”);

 

WHEREAS, the Master Agreement requires the execution and delivery of
this Agreement by LICENSOR and LICENSEE at the CLOSING; and

 

WHEREAS, in connection with the transactions contemplated by the Master
Agreement, LICENSOR desires to grant to LICENSEE and the PERMITTED SUBLICENSEES
a license to use the GE MARKS in accordance with the terms, and subject to the
conditions, set forth herein.

 

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

 

I.              DEFINITIONS

 

Unless otherwise defined herein, all
capitalized terms used herein have the meanings ascribed to such terms in the
Master Agreement.  The following terms
as used in this Agreement have the meanings set forth in this Article I:

 

A.            “AUTHORIZED
DISTRIBUTORS” means third parties that LICENSEE or a PERMITTED SUBLICENSEE
authorizes to sell PRODUCTS (as hereinafter defined) and SERVICES (as
hereinafter defined) during the term of this Agreement.

 

B.            “EFFECTIVE
DATE” means the date of this Agreement.

 

C.            “LICENSED
MARKS” means and is limited to the Marks shown in Exhibit A attached hereto
alone and in combination with other words and phrases.

 

D.            “MARKS”
means trademarks, service marks, trade names, service names, taglines, slogans,
industrial designs, brand names, brand marks, trade dress rights, Internet
domain names, identifying symbols, logos, emblems, signs or insignia, meta
tags, Website search terms and key words, including, without limitation, all
goodwill associated with the foregoing.

 

 

E.             “PERMITTED
SUBLICENSEES” means LICENSEE’S direct and indirect SUBSIDIARIES.

 

F.             “PRODUCTS”
and “SERVICES” means, respectively, and is limited to (i) products sold
and services rendered as of the EFFECTIVE DATE by LICENSEE and the PERMITTED
SUBLICENSEES in the conduct of the GENWORTH BUSINESS as conducted as of the
EFFECTIVE DATE and (ii) products sold and services rendered after the EFFECTIVE
DATE by LICENSEE and the PERMITTED SUBLICENSEES that are the same as or similar
to the products and services set forth under clause (i) above.

 

G.            “STANDARDS
OF QUALITY” means:

 

1.             at least (i) the
same standards of quality, appearance, service and other standards that are
observed as of the EFFECTIVE DATE by LICENSOR and its AFFILIATES (including,
without limitation, LICENSEE and its SUBSIDIARIES) in the development,
marketing and sale of any PRODUCTS sold and SERVICES rendered prior to or as of
the EFFECTIVE DATE and (ii) substantially the same standards of quality,
appearance, service and other standards that are observed as of the EFFECTIVE
DATE by LICENSOR and its AFFILIATES (including, without limitation, LICENSEE
and its SUBSIDIARIES) in the development, marketing, sale or performance of any
products and services similar to the PRODUCTS sold or SERVICES rendered after
the EFFECTIVE DATE, provided that the standards set forth in the foregoing (i)
and (ii) shall be at least substantially the same as the standards that
LICENSEE and the PERMITTED SUBLICENSEES observe in their development, marketing
and sale of any products and performance of any services similar to the
PRODUCTS and SERVICES.

 

2.             additional
standards, if any, which LICENSOR may otherwise reasonably specify or approve
in writing from time to time; and such additional standards shall supersede the
standards referred to in Paragraph I.G.1 to the extent of any conflict
therewith.

 

II.            LICENSE GRANT

 

A.            Subject
to the terms and conditions of this Agreement, LICENSOR hereby grants to
LICENSEE a limited, non-exclusive (except as specified in Exhibit A),
non-transferable, royalty-free license, with no right to sublicense (other than
to PERMITTED SUBLICENSEES as expressly provided herein), to use the LICENSED
MARKS throughout the world and in any current or later-developed medium or form
of communication (including, without limitation, in PRODUCT and SERVICE names
and domain names) only (i) in connection with PRODUCTS designed, distributed,
sold or otherwise commercialized, and SERVICES performed, offered, distributed,
sold or otherwise commercialized by LICENSEE and the PERMITTED SUBLICENSEES,
and (ii) in the general promotion of LICENSEE’S or any PERMITTED SUBLICENSEE’S
business unrelated to any particular product or service, in each case in strict
accordance with the STANDARDS OF QUALITY.

 

B.            Notwithstanding
anything in this Agreement to the contrary, LICENSEE, the PERMITTED
SUBLICENSEES and AUTHORIZED DISTRIBUTORS shall not use any of the LICENSED
MARKS (i) in connection with the underwriting or marketing on a primary basis
of life insurance in the United Kingdom, provided, however, that
LICENSEE, the PERMITTED SUBLICENSEES and AUTHORIZED DISTRIBUTORS are permitted
to use LICENSED

 

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MARKS in legal names, trade
names, and otherwise in connection with credit life insurance businesses,
products, or services in the United Kingdom, or (ii) in the name of any asset
management service or product (other than any such service or product sold on
behalf of LICENSOR or its AFFILIATES), provided, however, that
LICENSEE, the PERMITTED SUBLICENSEES and AUTHORIZED DISTRIBUTORS are permitted
to use LICENSED MARKS in legal names, trade names, and otherwise in connection
with asset management services or products that are being marketed or offered
by LICENSEE, the PERMITTED SUBLICENSEES and AUTHORIZED DISTRIBUTORS as of the
EFFECTIVE DATE.

 

C.            Any
rights not granted to LICENSEE and the PERMITTED SUBLICENSEES in this Agreement
are specifically reserved by and for LICENSOR. 
LICENSEE and the PERMITTED SUBLICENSEES hereby accept this grant of
license, subject to the terms and conditions set forth in this Agreement.  The license granted in this Article is
subject to, and limited by, any and all licenses, rights, limitations and
restrictions with respect to such LICENSED MARKS previously granted to, or
otherwise agreed to with, any third party that are in effect as of the
EFFECTIVE DATE.

 

D.            Notwithstanding
anything in this Agreement to the contrary, if LICENSEE or any PERMITTED
SUBLICENSEE desires to use the LICENSED MARKS with any product or service not
constituting a PRODUCT or SERVICE, LICENSEE or such PERMITTED SUBLICENSEE shall
make a request for permission to make such use in writing to LICENSOR.  LICENSOR, at its sole discretion, shall
determine whether it will allow such use, and shall notify LICENSEE of such
decision in writing within a reasonable time. 
If LICENSOR decides to allow such use, the parties shall negotiate a separate,
royalty-bearing license which shall require that LICENSEE or such PERMITTED
SUBLICENSEE, as applicable, pay reasonable expenses for any additional
trademark or service mark registrations required if the LICENSED MARKS are not
registered for use in the appropriate class of goods or services relating to
such product or service in any country in which LICENSEE or such PERMITTED
SUBLICENSEE intends to use such LICENSED MARKS.

 

E.             AUTHORIZED
DISTRIBUTORS.

 

1.             LICENSOR agrees
that, during the term of this Agreement, AUTHORIZED DISTRIBUTORS may use the
LICENSED MARKS in accordance with the terms and conditions set forth herein
(including, without limitation, the standards and guidelines set forth in
Paragraph IV.B.) in order to identify themselves as authorized representatives
of LICENSEE or a PERMITTED SUBLICENSEE or otherwise in connection with the
promotion, distribution and sale of PRODUCTS and SERVICES.

 

2.             LICENSEE and the
PERMITTED SUBLICENSEES will provide the AUTHORIZED DISTRIBUTORS a copy of the
standards and guidelines set forth in Paragraph IV.B (which copy may be
provided by placing such standards and guidelines on a Website accessible by
the AUTHORIZED DISTRIBUTORS and providing the AUTHORIZED DISTRIBUTORS notice
that they must comply with such standards and guidelines).  LICENSEE and the PERMITTED SUBLICENSEES will
instruct the AUTHORIZED DISTRIBUTORS that they must furnish samples of all
proposed forms and uses of the

 

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LICENSED MARKS to LICENSEE and
the PERMITTED SUBLICENSEES for written approval prior to any use thereof.

 

3.             LICENSEE shall
reasonably monitor AUTHORIZED DISTRIBUTORS’ use of the LICENSED MARKS.  To the extent that LICENSEE has any reason
to believe that an AUTHORIZED DISTRIBUTOR may be using the LICENSED MARKS in a
manner that violates or conflicts with the terms and conditions of this
Agreement, LICENSEE shall promptly investigate such potential
non-compliance.  If LICENSEE determines
that such violation or conflict has occurred or is occurring or if LICENSOR
otherwise notifies LICENSEE that such violation or conflict has occurred or is
occurring, LICENSEE shall promptly notify such AUTHORIZED DISTRIBUTOR and
LICENSOR (unless LICENSOR notified LICENSEE thereof in accordance with the
foregoing) of such non-compliance, and use reasonable efforts to cause such
AUTHORIZED DISTRIBUTOR to comply with the terms and conditions of this
Agreement.  If such AUTHORIZED
DISTRIBUTOR fails to comply with such terms and conditions within twenty (20)
days of such notice, LICENSEE shall immediately terminate such AUTHORIZED
DISTRIBUTOR’S rights to use the LICENSED MARKS, and instruct such AUTHORIZED
DISTRIBUTOR that it has no further right to use any LICENSED MARK.  LICENSEE and the PERMITTED SUBLICENSEES
agree to take any and all further actions reasonably requested by LICENSOR to
prevent and stop such non-compliance and any other unauthorized uses of the
LICENSED MARKS by the AUTHORIZED DISTRIBUTORS.

 

F.             PERMITTED
SUBLICENSEES.

 

1.             LICENSEE may
sublicense its rights under Paragraph II.A to PERMITTED SUBLICENSEES.  In the event that LICENSEE creates or
acquires any direct or indirect SUBSIDIARIES after the EFFECTIVE DATE, LICENSEE
may sublicense its rights under Paragraph II.A. to such direct or indirect
SUBSIDIARIES and such SUBSIDIARIES shall become and shall be PERMITTED
SUBLICENSEES.  Up to two (2) times per
calendar year during the TERM of this Agreement, LICENSOR shall have the right
to request that LICENSEE provide an organization chart or other document that
identifies LICENSEE’S then-current direct and indirect SUBSIDIARIES.  In the event that LICENSOR sends LICENSEE
such a written request, LICENSEE shall provide LICENSOR with an organization
chart or other document that identifies LICENSEE’S then-current direct and
indirect SUBSIDIARIES within a commercially reasonable time after receipt of
the written request.  Additionally, in
the event that LICENSOR sends LICENSEE a written request as to whether a
particular entity is a direct or indirect SUBSIDIARY of LICENSEE, LICENSEE
shall provide LICENSOR with a written response as to as to whether such entity
is a direct or indirect SUBSIDIARY of LICENSEE within a commercially reasonable
time after receipt of the written request.

 

2.             LICENSEE shall
cause the PERMITTED SUBLICENSEES to comply with the terms and conditions of
this Agreement, and hereby grants LICENSOR the right to enforce this Agreement
directly against a PERMITTED SUBLICENSEE to the extent that that PERMITTED
SUBLICENSEE breaches the terms and conditions of this Agreement.  Any such enforcement by LICENSOR against a
PERMITTED SUBLICENSEE shall be upon the same terms and conditions as are
applicable to enforcement by LICENSOR against LICENSEE.

 

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III.           EXAMINATION
OF PRODUCTS AND SERVICES

 

A.            In
order to promote adherence to the STANDARDS OF QUALITY and for the purpose of
protecting and maintaining the goodwill associated with the LICENSED MARKS and
the reputation of LICENSOR, LICENSOR shall have the right to obtain from
LICENSEE reasonable information as to the nature and quality of the PRODUCTS
and SERVICES and the manner in which the LICENSED MARKS are used in connection
with the PRODUCTS and SERVICES.

 

B.            The
PRODUCTS and SERVICES shall comply with all applicable Laws.  For the purpose of protecting and
maintaining the goodwill associated with the LICENSED MARKS and the reputation
of LICENSOR, LICENSOR or its authorized representative shall have the right at
any reasonable time or times during regular business hours on reasonable notice,
and up to two (2) times per calendar year (and otherwise if LICENSOR notifies
LICENSEE in writing that it believes the PRODUCTS and SERVICES are not
conforming to the STANDARDS of QUALITY or other requirements of this Agreement,
which notice shall provide a description of the nonconformity that is
reasonable under the circumstances and, if appropriate and available to
LICENSOR, include samples of any nonconforming PRODUCTS and copies of any
documentation relating to such nonconformity), to visit the offices and
facilities of LICENSEE and the PERMITTED SUBLICENSEES where PRODUCTS are
developed, designed, packaged, marketed, promoted, sold or serviced and
SERVICES are developed, marketed, promoted or rendered.  LICENSOR may conduct a reasonable inspection
and examination of such offices and facilities, PRODUCTS, and SERVICES.  LICENSEE agrees to furnish LICENSOR, from
time to time as reasonably requested by LICENSOR, representative samples of
representative PRODUCTS (and any other particular PRODUCTS requested by
LICENSOR) to which the LICENSED MARKS are affixed and representative samples
showing representative other uses of the LICENSED MARKS by LICENSEE, the
PERMITTED SUBLICENSEES and AUTHORIZED DISTRIBUTORS selected by LICENSOR (and
any other particular uses requested by LICENSOR).  Upon LICENSOR’S reasonable request, LICENSEE and the PERMITTED
SUBLICENSEES shall permit LICENSOR to promptly examine and audit documents,
books and records pertaining specifically to the development, design,
packaging, marketing, promoting, sale, servicing, quality, performance, and
other characteristics of PRODUCTS and SERVICES as LICENSOR may reasonably
require to verify that PRODUCTS sold and SERVICES rendered by LICENSEE and the
PERMITTED SUBLICENSEES meet the STANDARDS OF QUALITY and that LICENSEE’S and
the PERMITTED SUBLICENSEES’ use of the LICENSED MARKS complies with LICENSEE’S
obligations under this Agreement.  In
conducting any such inspection or audit, LICENSOR shall take all steps
reasonably required by LICENSEE to minimize disruption to LICENSEE’S business
and to avoid disclosure of LICENSEE’S confidential and propriety information
and materials, including, but not limited to, executing nondisclosure
agreements, provided that such steps and agreements shall not prevent LICENSOR
from pursuing any claims that it may have in connection with this Agreement.

 

C.            If,
at any time, the PRODUCTS sold or SERVICES rendered fail, in the reasonable
judgment of LICENSOR, to conform to the STANDARDS OF QUALITY,  LICENSOR shall notify LICENSEE of such
failure in writing (which notice shall provide a description of the
nonconformity that is reasonable under the circumstances and, if appropriate
and available to LICENSOR, include samples of any nonconforming PRODUCTS and
copies of any documentation relating to such nonconformity).  LICENSEE and the applicable

 

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PERMITTED SUBLICENSEES shall
take all necessary steps to bring such PRODUCTS or SERVICES into conformity
with the STANDARDS OF QUALITY.  If
LICENSEE or any PERMITTED SUBLICENSEE fails to bring such PRODUCTS or SERVICES
into conformity within twenty (20) days (or such other time period mutually
agreed upon by the parties) after LICENSEE’S receipt of written notice of
nonconformity, then LICENSEE, such PERMITTED SUBLICENSEE and their AUTHORIZED
DISTRIBUTORS shall immediately cease the development, marketing, promotion and
sale of such PRODUCTS or SERVICES under the LICENSED MARKS until such
nonconformity is cured.  Notwithstanding
the foregoing, in the event that LICENSOR and LICENSEE or a PERMITTED
SUBLICENSEE do not agree as to (i) whether a nonconformity exists, (ii) a
remedy for a nonconformity, or (iii) the date by which a nonconformity will be
corrected, LICENSOR and LICENSEE or the PERMITTED SUBLICENSEE shall resolve
their disagreements in accordance with the dispute resolution process set forth
in Article VII of the Master Agreement. 
LICENSEE or the PERMITTED SUBLICENSEE shall then implement the remedy,
if any, that results from the dispute resolution process according to the
requirements specified, or agreements reached, during the dispute resolution
process.  During the pendency of the
dispute resolution process, LICENSEE or the PERMITTED SUBLICENSEE may take
whatever action with respect to the PRODUCTS or SERVICES at issue as it deems
reasonable to address the purported nonconformity (provided that LICENSEE and
the PERMITTED SUBLICENSEE have the right pursuant to this Agreement to use the
LICENSED MARKS in connection with such PRODUCTS and SERVICES as modified by
such action), which may include, if applicable, implementing some or all of its
proposed remedy.  In the event that the
nonconforming PRODUCTS or SERVICES cannot be brought into conformity during the
time frame that is agreed to or that results from the dispute resolution
process due to delays not within the reasonable control of LICENSEE or the
PERMITTED SUBLICENSEES in obtaining any necessary approvals from GOVERNMENTAL
AUTHORITIES, LICENSEE, the PERMITTED SUBLICENSEES, and the AUTHORIZED
DISTRIBUTORS shall not be required to cease the development, marketing or sale
of such PRODUCTS or SERVICES under the LICENSED MARKS, provided that LICENSEE
or the applicable PERMITTED SUBLICENSEE is working diligently to obtain such
approvals and keeps LICENSOR reasonably informed of its efforts to do so.

 

D.            If,
at any time, a GOVERNMENTAL AUTHORITY raises an issue with LICENSEE or a
PERMITTED SUBLICENSEE as to whether PRODUCTS sold or SERVICES rendered comply
with applicable Laws, LICENSEE or the PERMITTED SUBLICENSEE shall respond to
the GOVERNMENTAL AUTHORITY adequately, including by modifying or discontinuing
particular PRODUCTS or SERVICES if so directed by the GOVERNMENTAL AUTHORITY
according to the time frames, if any, set forth by the GOVERNMENTAL
AUTHORITY.  Notwithstanding the
foregoing, if, at any time, the PRODUCTS sold or SERVICES rendered fail, in the
reasonable judgment of LICENSOR, to comply with all applicable Laws, LICENSOR shall
notify LICENSEE of such failure in writing (which notice shall provide a
description of the noncompliance that is reasonable under the circumstances
and, if appropriate and available to LICENSOR, include samples of any
noncompliant PRODUCTS and copies of any documentation relating to such noncompliance).  LICENSEE and the applicable PERMITTED
SUBLICENSEES shall take all necessary steps to bring such PRODUCTS or SERVICES
into compliance with all applicable Laws. 
If LICENSEE or any PERMITTED SUBLICENSEE fails to bring such PRODUCTS or
SERVICES into compliance within twenty (20) days (or such other time period
mutually agreed upon by the parties) after

 

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LICENSEE’S receipt of written
notice of noncompliance, then LICENSEE, such PERMITTED SUBLICENSEE and their
AUTHORIZED DISTRIBUTORS shall immediately cease the development, marketing,
promotion and sale of such PRODUCTS or SERVICES under the LICENSED MARKS until
such noncompliance is cured. 
Notwithstanding the foregoing but subject to any and all requirements of
GOVERNMENTAL AUTHORITIES, in the event that LICENSOR and LICENSEE or a
PERMITTED SUBLICENSEE do not agree as to (i) whether a noncompliance with
applicable Laws exists, (ii) an appropriate remedy for such purported
noncompliance, or (iii) the date by which such purported noncompliance will be
corrected, LICENSOR and LICENSEE or the PERMITTED SUBLICENSEE shall resolve
their disagreements in accordance with the dispute resolution process set forth
in Article VII of the Master Agreement. 
Subject to any requirements of GOVERNMENTAL AUTHORITIES, LICENSEE or the
PERMITTED SUBLICENSEE shall then implement the remedy, if any, that results
from the dispute resolution process according to the requirements specified, or
agreements reached, during the dispute resolution process.  During the pendency of any such dispute
resolution process and subject to any and all requirements of GOVERNMENTAL
AUTHORITIES, LICENSEE, the PERMITTED SUBLICENSEES, and the AUTHORIZED DISTRIBUTORS
may continue to promote, offer, and sell the PRODUCTS and SERVICES at issue,
and LICENSEE or the PERMITTED SUBLICENSEE may take whatever action with respect
to such PRODUCTS and SERVICES as it deems reasonable to address the purported
noncompliance (provided that LICENSEE and the PERMITTED SUBLICENSEE have the
right pursuant to this Agreement to use the LICENSED MARKS in connection with
such PRODUCTS and SERVICES as modified by such action), which may include, if
applicable, implementing some or all of its proposed remedy.

 

E.             Rights
granted to LICENSOR under this Paragraph IV to inspect, examine, request
samples, and audit; to request that PRODUCTS and SERVICES be brought into
conformity and compliance; and to direct cessation of certain activities with
respect to PRODUCTS and SERVICES shall extend to the AUTHORIZED DISTRIBUTORS
and PRODUCTS and SERVICES offered by the AUTHORIZED DISTRIBUTORS; provided
however, that in the event LICENSOR desires to engage in any inspection,
examination or audit with respect to, or to request changes to or cessation of,
any PRODUCTS or SERVICES offered by an AUTHORIZED DISTRIBUTOR, LICENSOR shall
do so solely through LICENSEE.  LICENSOR
shall not itself contact any AUTHORIZED DISTRIBUTOR with respect to the foregoing,
except with the prior written consent of LICENSEE.  Notwithstanding anything in this Agreement to the contrary, if
LICENSEE fails to comply with its obligations with respect to any AUTHORIZED
DISTRIBUTOR in accordance with this Agreement (including, without limitation,
(i) failing to address any use of the LICENSED MARKS by any AUTHORIZED
DISTRIBUTOR in a manner that conflicts with the terms and conditions of this
Agreement applicable to the AUTHORIZED DISTRIBUTORS and (ii) instructing the
AUTHORIZED DISTRIBUTORS to use the LICENSED MARKS in a manner consistent with
the terms and conditions of this Agreement applicable to the AUTHORIZED
DISTRIBUTORS) within twenty (20) days of notice from LICENSOR of such failure,
LICENSOR shall have the right to contact such AUTHORIZED DISTRIBUTOR.

 

IV.           USE
OF GE MARKS

 

A.            Under
the license and rights granted herein, LICENSEE, the PERMITTED SUBLICENSEES and
the AUTHORIZED DISTRIBUTORS are authorized to use the GE

 

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MARKS only as provided in
Articles II and VI in any current or later-developed medium or form of
communication, including, without limitation, use in packaging, labeling,
brochures, press releases, websites, domain names, signage, point-of-purchase
materials, general publicity, advertising, instruction books and other
literature relating to the PRODUCTS and SERVICES.  LICENSEE, the PERMITTED SUBLICENSEES and the AUTHORIZED
DISTRIBUTORS shall not use the GE MARKS in a manner that could reasonably be
expected to damage the reputation or goodwill associated with LICENSOR, its
AFFILIATES or the GE MARKS.

 

B.            LICENSEE
and the PERMITTED SUBLICENSEES shall comply with the standards and guidelines
with respect to the appearance and manner of use of the GE MARKS set forth on
Exhibit B, which LICENSOR may revise from time to time at LICENSOR’S sole
discretion, provided that any potential revisions to the standards and
guidelines shall be subject to the process set forth in Paragraph IV.C.  LICENSEE, the PERMITTED SUBLICENSEES and
AUTHORIZED DISTRIBUTORS shall not use their MARKS in a manner that causes
confusion as to the ownership of the GE MARKS. 
Subject to Paragraph II.D., any appearance or manner of use of the GE
MARKS not provided for by such standards and guidelines (including, without
limitation, any uses not contemplated by such standards and guidelines, any
uses in contravention of such standards and guidelines and any clarifications
of such standards and guidelines) shall be adopted by LICENSEE, the PERMITTED
SUBLICENSEES and AUTHORIZED DISTRIBUTORS only upon prior written approval by
LICENSOR of each first instance of such appearance or manner of use, which
shall not unreasonably be withheld. 
LICENSEE shall make a written request referencing this Paragraph IV.B. to
LICENSOR for such appearance or manner of use, and LICENSOR shall provide a
written response to LICENSEE within fifteen (15) days after its receipt of
LICENSEE’S request, provided that such response may state that a written
response cannot be provided within fifteen (15) days but will be provided
within thirty (30) days after LICENSOR’S receipt of the request. 
In the event that LICENSOR has not provided a final written response to
LICENSEE’S request for approval within thirty (30) days after LICENSOR’S
receipt of the request, such request shall be deemed approved.

 

C.            (i)
In the event that LICENSOR proposes to change the standards and guidelines set
forth in Paragraph IV.B, it shall notify LICENSEE of the proposed changes, and
consult with LICENSEE regarding such changes. 
LICENSEE, the PERMITTED SUBLICENSEES, and the AUTHORIZED DISTRIBUTORS
shall be allowed a commercially reasonable amount of time to implement any such
changes made after the EFFECTIVE DATE, which amount of time shall be, if
applicable, no less than the amount of time LICENSOR’S AFFILIATES are given to
adopt the same changes.  (ii) In the
event that LICENSOR proposes to add to or otherwise change the STANDARDS OF
QUALITY in accordance with Paragraph I.G.2, it shall notify LICENSEE of the proposed
additions or changes, and consult with LICENSEE regarding such additions or
changes.  In the event that LICENSOR and
LICENSEE cannot reach agreement as to any such proposed additions or changes to
the STANDARDS OF QUALITY, LICENSOR’S and LICENSEE’S disagreement shall be
resolved in accordance with the dispute resolution provisions set forth in
Article VII of the Master Agreement. 
During the pendency of any such dispute resolution process, LICENSEE,
the PERMITTED SUBLICENSEES, and the AUTHORIZED DISTRIBUTORS may continue to
promote, offer, and sell the PRODUCTS or SERVICES at issue in accordance with
the STANDARDS OF QUALITY in effect prior to such disagreement (not including
such proposed addition or change). 
LICENSEE, the PERMITTED

 

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SUBLICENSEES, and the
AUTHORIZED DISTRIBUTORS shall be allowed a commercially reasonable amount of
time to implement any such additions or other changes made after the EFFECTIVE
DATE, which amount of time shall be, if applicable, no less than the amount of time
LICENSOR’S AFFILIATES are given to adopt the same additions or changes and no
less than the amount of time to obtain any regulatory approvals necessary to
adopt such additions or changes, provided that LICENSEE and the PERMITTED
SUBLICENSEES are working diligently to obtain such approvals and keep LICENSOR
reasonably informed of their efforts to do so.

 

D.            LICENSEE
shall also obtain LICENSOR’S prior written approval (which shall be at the sole
discretion of LICENSOR) for (i) each first instance of a general promotion in
accordance with Paragraph II.A.ii that is not specifically provided for in the
standards and guidelines set forth in Paragraph IV.B. and (ii) any television
or radio advertisements that use the GE MARKS. 
LICENSEE shall make a written request referencing this Paragraph IV.D.
to LICENSOR for approval of such general promotion or television or radio
advertisement, and LICENSOR shall provide a written response to LICENSEE within
fifteen (15) days after its receipt of LICENSEE’S request, provided that such
response may state that a written response cannot be provided within fifteen
(15) days but will be provided within thirty (30) days after LICENSOR’S receipt
of the request.  In the event that LICENSOR has not provided
a final written response to LICENSEE’S request for approval within thirty (30)
days after LICENSOR’S receipt of the request, such request shall be deemed
approved.

 

E.             LICENSEE,
the PERMITTED SUBLICENSEES and AUTHORIZED DISTRIBUTORS shall comply with all
applicable Laws pertaining to the GE MARKS, including, without limitation,
those pertaining to the proper use and designation of MARKS and pertaining to
the development, distribution, promotion and sale of PRODUCTS and the offering,
rendering and promotion of SERVICES, and strictly comply with the STANDARDS OF
QUALITY.

 

F.             LICENSEE,
the PERMITTED SUBLICENSEES and AUTHORIZED DISTRIBUTORS shall, within a
commercially reasonable period of time, cease use of the GE MARKS upon notice
from LICENSOR to LICENSEE that, in the good faith opinion of LICENSOR, such use
of the GE MARKS might result in any potential trademark liability to a third
party on the part of LICENSOR, LICENSEE, the PERMITTED SUBLICENSEES and/or the
AUTHORIZED DISTRIBUTORS.  LICENSEE, the
PERMITTED SUBLICENSEES and the AUTHORIZED DISTRIBUTORS shall comply fully
within a commercially reasonable period of time following LICENSEE’S receipt of
written notice thereof with all guidelines adopted from time to time by
LICENSOR for the purpose of addressing any potential trademark liability with
respect to such third party.

 

G.            If,
in the sole discretion of LICENSOR, it is required or advisable for the purpose
of making this Agreement enforceable, or for the purpose of maintaining,
enhancing or protecting LICENSOR’S rights in the GE MARKS in some countries, to
record this Agreement or to enter LICENSEE (and/or the PERMITTED SUBLICENSEES
and the AUTHORIZED DISTRIBUTORS) as registered or authorized users of the GE
MARKS, LICENSOR will attend (at LICENSOR’S expense) to such recording or entry.  LICENSEE (or the appropriate PERMITTED
SUBLICENSEE or AUTHORIZED DISTRIBUTOR) shall promptly and at no

 

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

 

H.            LICENSEE
and the PERMITTED SUBLICENSEES shall supply LICENSOR with such information
(including, without limitation, any such information of the AUTHORIZED
DISTRIBUTORS) concerning sales and other dispositions of PRODUCTS and SERVICES
as LICENSOR may reasonably request to aid LICENSOR in the acquisition,
maintenance and renewal of registrations of the GE MARKS, to record this
Agreement, to enter LICENSEE, the PERMITTED SUBLICENSEES or AUTHORIZED
DISTRIBUTORS as registered or authorized users of the GE MARKS or for any
purpose reasonably related to LICENSOR’S maintenance and protection of the GE
MARKS.  LICENSEE (and the PERMITTED SUBLICENSEES)
shall fully cooperate with LICENSOR’S reasonable requests in the execution,
filing, and prosecution of any registration of a MARK or copyright relating to
GE MARKS that LICENSOR may desire to obtain. 
For that purpose LICENSEE (and the PERMITTED SUBLICENSEES) shall supply
to LICENSOR such samples, containers, labels, letterheads and other similar
materials bearing the GE MARKS as may be required by LICENSOR.

 

I.              Notwithstanding
Paragraph II.A., LICENSEE, the PERMITTED SUBLICENSEES and the AUTHORIZED
DISTRIBUTORS will not use the GE MARKS, nor may any particular PRODUCT or
SERVICE be marketed, distributed or offered for sale or sold, (i) in any
jurisdiction where the GE MARKS have not been registered, until an appropriate
MARK search has been conducted (at LICENSEE’S expense) and an application to
register the particular GE MARK in the relevant MARK class(es) for PRODUCTS and
SERVICES has been filed in that jurisdiction (at LICENSOR’S expense), or
LICENSOR determines in good faith on advice of its trademark counsel that it
would be preferable not to seek to register such GE MARK in that country but
that there is no material impediment to the use of such GE MARK therein and
(ii) in a country where entry of LICENSEE as a registered or authorized user is
required, prior to the execution of an appropriate registered user agreement or
similar agreement and the filing thereof with the appropriate governmental
agency (except where failure to do so prior to use will not have a material
adverse effect on such GE MARK).  Not in
limitation of the foregoing, in the event that LICENSOR determines that
LICENSEE and the PERMITTED

 

10

 

SUBLICENSEES are using the GE
MARKS in a jurisdiction where such GE MARKS are not registered in the
appropriate MARK class(es) for PRODUCTS and SERVICES, LICENSOR at its sole
discretion shall have the option to require such registration at LICENSOR’S
expense.

 

J.             LICENSEE
and the PERMITTED SUBLICENSEES shall not, and shall instruct the AUTHORIZED
DISTRIBUTORS to not, enter into any agreements relating to the placement of
listings in response to Website search terms and key words that consist of the
terms included in Exhibit C.  Upon
expiration or termination of this Agreement, LICENSEE and the PERMITTED
SUBLICENSEES shall, and shall instruct the AUTHORIZED DISTRIBUTORS to, assign
any agreements relating to the placement of listings in response to Website
search terms and key words that include the GE MARKS to LICENSOR, unless such
agreements by their own terms are non-assignable (in which case LICENSEE and
the PERMITTED SUBLICENSEES shall, and shall instruct the AUTHORIZED
DISTRIBUTORS to, terminate such agreements).

 

V.            OWNERSHIP
AND VALIDITY OF GE MARKS

 

A.            LICENSEE
and the PERMITTED SUBLICENSEES admit the validity, and LICENSOR’S ownership, of
the GE MARKS and agree that any and all goodwill, rights or interests that
might be acquired by the use of the GE MARKS by LICENSEE, the PERMITTED
SUBLICENSEES and/or AUTHORIZED DISTRIBUTORS shall inure to the sole benefit of
LICENSOR.  If LICENSEE, the PERMITTED
SUBLICENSEES or AUTHORIZED DISTRIBUTORS obtain rights or interests in the GE
MARKS, LICENSEE or the PERMITTED SUBLICENSEES shall transfer, or shall instruct
such AUTHORIZED DISTRIBUTOR to transfer, those rights or interests to LICENSOR
upon request by LICENSOR.  LICENSEE and
the PERMITTED SUBLICENSEES admit and agree that, as between the parties,
LICENSEE, the PERMITTED SUBLICENSEES and AUTHORIZED DISTRIBUTORS have been
extended only a mere permissive right to use the GE MARKS as provided in this
Agreement which is not coupled with any ownership interest.

 

B.            LICENSEE
and the PERMITTED SUBLICENSEES further agree not to, and to instruct the
AUTHORIZED DISTRIBUTORS not to: (i) use or register in any country any MARKS
(including, without limitation, any slogan) confusingly similar to, or
consisting in whole or in part of, the GE MARKS or (ii) register the GE MARKS
in any country, without in each case the express prior written consent of
LICENSOR.  Whenever LICENSEE or a
PERMITTED SUBLICENSEE becomes aware of any consumer confusion or risk thereof
between a MARK used by LICENSEE, a PERMITTED SUBLICENSEE or AUTHORIZED
DISTRIBUTOR, and a GE MARK, LICENSEE or such PERMITTED SUBLICENSEE shall take
appropriate steps to promptly remedy or avoid such confusion or risk of
confusion.

 

C.            LICENSEE
may request in writing that LICENSOR, at LICENSEE’S expense, file an
application for registration of any GE MARK for use in connection with the
PRODUCTS and SERVICES in any country in which such GE MARK is not registered in
the appropriate classes of goods or services for such PRODUCTS and SERVICES as
of the EFFECTIVE DATE.  Subject to
Paragraph IV.I., LICENSOR shall use commercially reasonable efforts to complete
such filing and prosecution in LICENSOR’S name.  LICENSEE shall supply, without cost to LICENSOR, from time to
time as requested by LICENSOR, such samples, containers,

 

11

 

labels, letterheads, and
similar materials from such LICENSEE or the PERMITTED SUBLICENSEES as may
reasonably be required for such filing and prosecution.

 

D.            LICENSOR
will own all right, title and interest in and to any and all applications for
registration of the GE MARKS (including, without limitation, applications filed
in accordance with Paragraph V.C.), whether filed before or after the EFFECTIVE
DATE, and such applications shall be deemed incorporated in the defined term
“GE MARKS”.

 

E.             LICENSEE
and the PERMITTED SUBLICENSEES shall give LICENSOR notice promptly of any known
or presumed infringements of the GE MARKS, and shall instruct the AUTHORIZED
DISTRIBUTORS to give prompt notice to LICENSEE of any such infringements, which
LICENSEE shall promptly give to LICENSOR. 
LICENSEE and the PERMITTED SUBLICENSEES shall render, and instruct the
AUTHORIZED DISTRIBUTORS to render, to LICENSOR full and prompt cooperation (at
LICENSOR’S expense) for the enforcement and protection of the GE MARKS against
such infringements.  LICENSOR shall
retain all rights to bring all actions and proceedings in connection with
infringement or misuse of the GE MARKS at its sole discretion.  If LICENSOR decides to enforce the GE MARKS
against an infringer, all costs incurred and recoveries made shall be for the
account of LICENSOR.

 

F.             LICENSEE
and the PERMITTED SUBLICENSEES will not, and shall instruct the AUTHORIZED
DISTRIBUTORS to not, at any time during the Term, and any time thereafter, for
as long as LICENSOR shall own rights in the GE MARKS, do or cause to be done
any act or thing disparaging, disputing, attacking, challenging, impairing,
diluting, or in any way tending to harm the reputation or goodwill associated
with LICENSOR, its AFFILIATES or any of the GE MARKS.

 

G.            LICENSEE,
the PERMITTED SUBLICENSEES and the AUTHORIZED DISTRIBUTORS have no right (and
shall not, and shall instruct the AUTHORIZED DISTRIBUTORS to not, represent
that they have the right) to bind or obligate LICENSOR in any way.  LICENSOR has no right, and shall not
represent that it has the right, to bind or obligate LICENSEE any PERMITTED
SUBLICENSEE or AUTHORIZED DISTRIBUTOR in any way.

 

VI.           CORPORATE
NAMES

 

A.            “GE
MARKS” means the LICENSED MARKS, “General Electric”, “GE Capital” and
“GEFA”.

 

B.            “LICENSED
SUBSIDIARIES” means those PERMITTED SUBLICENSEES that, as of the EFFECTIVE
DATE, include in their corporate names the GE MARKS, provided that “LICENSED
SUBSIDIARIES” shall not include any such PERMITTED SUBLICENSEES that adopt NEW
CORPORATE NAMES after the EFFECTIVE DATE.

 

C.            “NEW
CORPORATE NAMES” shall mean corporate names that do not consist in whole or
in part of, and are not dilutive of or confusingly similar to, the GE
MARKS.  The parties agree that
LICENSEE’S “Genworth” name and mark, and derivatives thereof, do not consist in
whole or in part of, and are not dilutive of or confusingly similar to, the GE
MARKS,

 

12

 

provided that LICENSEE does not
highlight, isolate or emphasize the letters “Ge” alone in the “Genworth” name
and mark or derivatives thereof.

 

D.            “TWENTY
PERCENT DATE” means the first date on which members of the GE GROUP cease
to beneficially own, in the aggregate, (excluding for such purposes shares of
GENWORTH COMMON STOCK beneficially owned by LICENSOR but not for its own
account, including (in such exclusion) beneficial ownership that arises by
virtue of some entity that is an AFFILIATE of LICENSOR being a sponsor of or
advisor to a mutual or similar fund that beneficially owns shares of GENWORTH
COMMON STOCK) more than twenty percent (20%) of the then outstanding GENWORTH
COMMON STOCK.

 

E.             Subject
to the terms and conditions set forth herein, LICENSOR hereby grants to
LICENSEE a limited, non-exclusive, non-transferable, royalty-free license, with
no right to sublicense (other than to the LICENSED SUBSIDIARIES as expressly
provided herein), to allow the LICENSED SUBSIDIARIES to use the GE MARKS in
their corporate names to the extent such GE MARKS are used in such corporate
names as of the EFFECTIVE DATE.  Unless
sooner terminated in accordance with this Article VI, this license shall expire
on the sooner of: (i) the date that any GOVERNMENTAL AUTHORITY requires that
such corporate names be changed, but only with respect to the particular
LICENSED SUBSIDIARY to which the GOVERNMENTAL AUTHORITY requirement applies and
subject to any time frame or transition period established by the GOVERNMENTAL
AUTHORITY (alone or in consultation with LICENSEE), (ii) the TWENTY PERCENT
DATE or (iii) the expiration of five (5) years from the EFFECTIVE DATE.  Upon expiration in accordance with the
foregoing (ii), (x) the LICENSED SUBSIDIARY shall use its best efforts to
effectuate cessation of its use of the GE MARKS in its corporate name as
expeditiously as possible under the circumstances and (y) in the event that a
LICENSED SUBSIDIARY is unable to obtain regulatory approval necessary to adopt
a NEW CORPORATE NAME in a jurisdiction, or is otherwise unable for regulatory
reasons to adopt a NEW CORPORATE NAME in a jurisdiction, such LICENSED
SUBSIDIARY shall be allowed to continue its then-current use of the corporate
name for a transition period, which shall not exceed one (1) year except upon
mutual agreement of the parties, provided that such LICENSED SUBSIDIARY in good
faith complies with the obligations contained herein.  Such LICENSED SUBSIDIARY shall comply with the applicable
transition provisions in Exhibit D during any such transition period.  No such transition period shall extend
beyond five (5) years from the EFFECTIVE DATE.

 

F.             Upon
expiration or termination of the license granted under this Article VI, the
LICENSED SUBSIDIARIES shall adopt NEW CORPORATE NAMES, subject to applicable
TRANSITION PERIODS and other applicable provisions of this Article VI and this
Agreement.  If adoption of a NEW
CORPORATE NAME is consistent with LICENSEE’S and the LICENSED SUBSIDIARIES’
business plans and does not subject LICENSEE and the LICENSED SUBSIDIARIES to
material incremental costs in addition to costs that LICENSEE and the LICENSED
SUBSIDIARIES would incur to adopt NEW CORPORATE NAMES at a future date,
LICENSEE and the LICENSED SUBSIDIARIES shall use reasonable best efforts to
adopt and change to NEW CORPORATE NAMES as soon as possible after the EFFECTIVE
DATE.  The obligation to adopt NEW
CORPORATE NAMES in connection with the TWENTY PERCENT DATE as set forth in the
foregoing Paragraph VI.E shall not apply to the LICENSED SUBSIDIARY known as GE
Capital Life Assurance Company of New York (“GECLANY”) to

 

13

 

the extent that it is necessary
for GECLANY to maintain its current corporate name in order to fulfill its
existing contractual obligations as of the EFFECTIVE DATE.  GECLANY shall, however, be required to adopt
a NEW CORPORATE NAME no later than the expiration of the TERM.

 

G.            The
LICENSED SUBSIDIARIES shall operate their businesses in accordance with at
least the same standards of quality, appearance, service and other standards
that are observed as of the EFFECTIVE DATE by the LICENSED SUBSIDIARIES.  In order to promote adherence to such standards
and for the purpose of protecting and maintaining the goodwill associated with
the GE MARKS and the reputation of LICENSOR, LICENSOR shall have the right to
obtain from LICENSEE reasonable information as to the operation of the LICENSED
SUBSIDIARIES’ businesses and the manner in which the GE MARKS are used in
connection with their corporate names. 
If, at any time, a LICENSED SUBSIDIARY fails, in the reasonable judgment
of LICENSOR, to conform to the standards set forth in this Paragraph
VI.G.,  LICENSOR shall notify LICENSEE
of such failure in writing (which notice shall provide a description of the
nonconformity that is reasonable under the circumstances and, if appropriate
and available to LICENSOR, include copies of any documentation relating to such
nonconformity).  Such LICENSED
SUBSIDIARY shall take all necessary steps to bring the nonconforming aspects of
its business into conformity with such standards.  If such LICENSED SUBSIDIARY fails to bring the nonconforming
aspects of its business into conformity with such standards within twenty (20)
days (or such other time period mutually agreed upon by the parties) after
LICENSEE’S receipt of written notice of nonconformity, then such LICENSED
SUBSIDIARY shall use its best efforts to effectuate cessation of its use of the
GE MARKS in its corporate name as expeditiously as possible under the
circumstances.  Notwithstanding the
foregoing, in the event that LICENSOR and LICENSEE or a LICENSED SUBSIDIARY do
not agree as to (i) whether a nonconformity exists, (ii) a remedy for a
nonconformity, or (iii) the date by which a nonconformity will be corrected,
LICENSOR and LICENSEE or the LICENSED SUBSIDIARY shall resolve their
disagreements in accordance with the Article VI dispute resolution process set
forth in Exhibit E.  LICENSEE or the
LICENSED SUBSIDIARY shall then implement the remedy, if any, that results from
the dispute resolution process according to the requirements specified, or
agreements reached, during the dispute resolution process.  During the pendency of the dispute
resolution process, LICENSEE or the LICENSED SUBSIDIARY may take whatever
action with respect to the purported nonconforming aspects of the LICENSED
SUBSIDIARY’S business as it deems reasonable to address the purported
nonconformity (provided that the LICENSED SUBSIDIARY has the right pursuant to
this Agreement to take such action), which may include, if applicable,
implementing some or all of its proposed remedy.

 

H.            The
LICENSED SUBSIDIARIES shall comply at all times with all applicable Laws, and
shall be accurate in their descriptions of the relationship between LICENSOR
and the LICENSED SUBSIDIARIES.  For the
purpose of protecting and maintaining the goodwill associated with the GE MARKS
and the reputation of LICENSOR, LICENSOR or its authorized representative shall
have the right at any reasonable time or times during regular business hours on
reasonable notice to LICENSEE, and up to two (2) times per calendar year (and
otherwise if LICENSOR notifies LICENSEE in writing that it believes a LICENSED
SUBSIDIARY is not complying with the requirements of this Article VI, which
notice shall provide a description of

 

14

 

the nonconformity that is
reasonable under the circumstances and, if appropriate and available to
LICENSOR, include copies of any documentation relating to such nonconformity),
to visit the offices and facilities of the LICENSED SUBSIDIARY.  LICENSOR may conduct a reasonable inspection
and examination of such offices and facilities and the operation of the
business of the LICENSED SUBSIDIARY to determine compliance with this Article
VI in conjunction with the LICENSED SUBSIDIARY’S use of the GE MARKS in its
corporate name.  Upon LICENSOR’S
reasonable request, the LICENSED SUBSIDIARIES shall permit LICENSOR to promptly
examine and audit documents, books, records and other information pertaining to
the operation of the LICENSED SUBSIDIARIES’ business as LICENSOR may reasonably
require to verify that the LICENSED SUBSIDIARIES are complying with the
requirements of this Article VI in conjunction with the LICENSED SUBSIDIARIES’
use of the GE MARKS in their corporate names. 
In conducting any such inspection or audit, LICENSOR shall take all steps
reasonably required by the LICENSED SUBSIDIARIES to minimize disruption to the
LICENSED SUBSIDIARIES’ business and to avoid disclosure of the LICENSED
SUBSIDIARIES’ confidential and propriety information and materials, including,
but not limited to, executing nondisclosure agreements, provided that such
steps and agreements shall not prevent LICENSOR from pursuing any claims that
it may have in connection with this Agreement.

 

I.              The
license granted in this Article VI shall automatically terminate with respect
to a LICENSED SUBSIDIARY upon notice to LICENSEE upon any of the following
events with respect to that LICENSED SUBSIDIARY:  (i) any merger or consolidation of such LICENSED SUBSIDIARY with
an unrelated third party; (ii) the sale of all or substantially all of the
assets of such LICENSED SUBSIDIARY to an unrelated third party; or (iii) a
change of control of such LICENSED SUBSIDIARY whereby any unrelated third party
acquires fifty percent (50)% or more of the outstanding voting securities of
such LICENSED SUBSIDIARY or the power, directly or indirectly, to direct or
cause the direction of management or policies (whether through ownership of
securities or partnership or other ownership interests, by contract or
otherwise) of such LICENSED SUBSIDIARY.

 

J.             In
the event LICENSEE or a LICENSED SUBSIDIARY breaches in any material respect
any representation, warranty or covenant of this Article VI and LICENSOR gives
LICENSEE written notice of such breach (which notice shall provide a
description of the breach that is reasonable under the circumstances), LICENSEE
and the LICENSED SUBSIDIARY, if applicable, shall have forty-five (45) days
from LICENSEE’S receipt of such notice to remedy such breach, unless such
breach cannot be remedied within such forty-five (45) day period, in which case
LICENSEE and the LICENSED SUBSIDIARY, if applicable, shall use best efforts to
remedy such breach as promptly as practicable but no later than ninety (90)
days from LICENSEE’S receipt of such notice. 
If the breach is not remedied in accordance with the foregoing time
periods, LICENSOR shall have the right to terminate the license granted in this
Article VI with respect to LICENSEE and the LICENSED SUBSIDIARY, if applicable,
at any time thereafter by giving LICENSEE notice of such termination.

 

K.            The
license granted in this Article VI shall terminate as to a particular country
with notice to LICENSEE on a date established by either LICENSOR or LICENSEE if
a controlling substitute or short-form license agreement is required in such
country pursuant to Paragraph IV.G. hereof and such controlling substitute or
short-form license agreement contains

 

15

 

provisions unacceptable to the
party giving notice hereunder.  The
LICENSED SUBSIDIARIES will comply with any additional requirements and perform
any additional acts that LICENSOR deems necessary to comply with all applicable
foreign Laws and to maintain, enhance and protect LICENSOR’S rights in the GE
MARKS in foreign jurisdictions.

 

L.            The
license granted in this Article VI shall automatically terminate with respect
to a LICENSED SUBSIDIARY without notice by LICENSOR in the event such LICENSED
SUBSIDIARY commences, or has commenced against it, proceedings under
bankruptcy, insolvency or debtor’s relief laws or similar laws in any other
jurisdiction, which proceedings are not dismissed within sixty (60) days; such
LICENSED SUBSIDIARY makes a general assignment for the benefit of its
creditors; or such LICENSED SUBSIDIARY ceases operations or is liquidated or
dissolved.

 

M.           Upon
any termination under Paragraphs VI.I or VI.L, any terminated LICENSED
SUBSIDIARY (or, subject to Paragraph VI.I., any successor of a LICENSED
SUBSIDIARY) shall be permitted to continue its then-current use of the GE MARKS
to the extent required to comply with applicable Laws for a TRANSITION PERIOD
if LICENSEE obtains LICENSOR’S written consent (which consent shall not be
unreasonably withheld) prior to the start of any proposed TRANSITION PERIOD (as
defined in Paragraph VII.F.3 below). 
Upon any termination under Paragraph VI.J, any terminated LICENSED
SUBSIDIARY (or, subject to Paragraph VI.I., any successor of a LICENSED
SUBSIDIARY) shall be permitted to continue its then-current use of the GE MARKS
but shall use its best efforts to effectuate cessation of its use of the GE
MARKS in its corporate name as expeditiously as possible under the
circumstances.

 

N.            LICENSEE
shall cause the LICENSED SUBSIDIARIES to comply with the terms and conditions
of this Article VI, and hereby grants LICENSOR the right to enforce this
Agreement directly against a LICENSED SUBSIDIARY to the extent that such
LICENSED SUBSIDIARY breaches the terms and conditions of this Article VI.  Any such enforcement by LICENSOR against a
LICENSED SUBSIDIARY shall be upon the same terms and conditions as are
applicable to enforcement by LICENSOR against LICENSEE under this
Agreement.  For the avoidance of doubt,
LICENSEE’S failure to cause the LICENSED SUBSIDIARIES to comply in any material
respect with the terms and conditions of this Article VI shall be a material
breach of this Agreement by LICENSEE, and shall subject LICENSEE to termination
of the license granted in Paragraph VI.E according to the termination process
set forth in Paragraphs VI.J. and VI.M. 
Provided that LICENSEE uses best efforts to address any material breach
of a LICENSED SUBSIDIARY (such efforts including termination of such LICENSED
SUBSIDIARY if the material breach is continuing), then notwithstanding the
foregoing sentence, LICENSEE shall not be deemed to have breached this
Agreement for failure to cause a LICENSED SUBSIDIARY to comply in any material
respect with the terms and conditions of this Article VI to the extent that
such LICENSED SUBSIDIARY’S breach is by its nature not capable of being
remedied.

 

O.            Any
dispute, controversy or claim arising out of or relating to the transactions
contemplated by this Article VI, or the validity, interpretation, breach or
termination of any provision of this Article VI shall be resolved in accordance
with Exhibit E.

 

16

 

VII.         TERMINATION

 

A.            Unless
terminated pursuant to any provision of this Article VII, this Agreement shall
have a term (“TERM”) of five (5) years from the EFFECTIVE DATE.

 

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

 

C.            In
the event LICENSEE or the PERMITTED SUBLICENSEES breach in any material respect
any representation, warranty or covenant of this Agreement (including, without
limitation, any failure to address an AUTHORIZED DISTRIBUTOR’S failure to
comply with this Agreement as set forth in Paragraph II.E.3, including, without
limitation, the standards and guidelines set forth in Paragraph IV.B), or in
the event LICENSEE breaches its indemnification obligations as set forth in
Paragraph 5.2 of the Master Agreement, and LICENSOR gives LICENSEE written
notice of such breach (which notice shall provide a description of the breach
that is reasonable under the circumstances), LICENSEE or the PERMITTED
SUBLICENSEES shall have forty-five (45) days from LICENSEE’S receipt of such
notice to remedy such breach.  If the
breach is not remedied within said forty-five (45) days, LICENSOR shall have
the right to terminate this Agreement at any time thereafter by giving LICENSEE
notice of such termination.

 

D.            This
Agreement shall automatically terminate upon notice to LICENSEE (i) in its
entirety upon any of the following events with respect to LICENSEE and (ii)
with respect to any PERMITTED SUBLICENSEE, upon any of the following events
with respect to such PERMITTED SUBLICENSEE:

 

1.             any merger or
consolidation of LICENSEE or such PERMITTED SUBLICENSEE with an unrelated third
party;

 

2.             the sale of all or
substantially all of the assets of LICENSEE or such PERMITTED SUBLICENSEE to an
unrelated third party; or

 

3.             a change of control
of LICENSEE or such PERMITTED SUBLICENSEE whereby any unrelated third party
acquires fifty percent (50%) or more of the outstanding voting securities of
LICENSEE or such PERMITTED SUBLICENSEE or the power, directly or indirectly, to
direct or cause the direction of management or policies (whether through
ownership of securities or partnership or other ownership interests, by
contract or otherwise) of LICENSEE or such PERMITTED SUBLICENSEE.

 

Notwithstanding the foregoing, this Agreement shall not terminate if
LICENSEE or any PERMITTED SUBLICENSEE acquires or attains control of a business
entity, business unit, or block of business that provides PRODUCTS or SERVICES.

 

E.             This
Agreement shall automatically terminate with respect to LICENSEE, a PERMITTED
SUBLICENSEE or AUTHORIZED DISTRIBUTOR without notice to LICENSEE by LICENSOR in
the event LICENSEE, such PERMITTED SUBLICENSEE or such AUTHORIZED DISTRIBUTOR
commences, or has commenced against it, proceedings

 

17

 

under bankruptcy, insolvency or
debtor’s relief laws or similar laws in any other jurisdiction, which
proceedings are not dismissed within sixty (60) days; LICENSEE, such PERMITTED
SUBLICENSEE or such AUTHORIZED DISTRIBUTOR makes a general assignment for the
benefit of its creditors; or LICENSEE, such PERMITTED SUBLICENSEE or such
AUTHORIZED DISTRIBUTOR ceases operations or is liquidated or dissolved.

 

F.             TRANSITION
PERIODS.

 

1.             Upon any
termination under Paragraph VII.C., VII.D. or VII.E. of this Agreement in its
entirety or with respect to LICENSEE, any PERMITTED SUBLICENSEE or any
AUTHORIZED DISTRIBUTOR (or, subject to Paragraphs VII.D. and IX.E., any successor
of LICENSEE, any PERMITTED SUBLICENSEE or any AUTHORIZED DISTRIBUTOR by way of
merger, consolidation, purchase of all or substantially all of the assets
thereof, or change of control), LICENSEE, any such terminated PERMITTED
SUBLICENSEE and any such terminated AUTHORIZED DISTRIBUTOR (or any such
successor), as the case may be, shall be permitted to continue its then-current
use of the LICENSED MARKS to the extent required to comply with applicable Laws
for a TRANSITION PERIOD (as hereinafter defined) if LICENSEE obtains LICENSOR’S
written consent (which consent shall not be unreasonably withheld) prior to the
start of any proposed TRANSITION PERIOD.

 

2.             Upon any sale,
divestiture or transfer by LICENSEE or any PERMITTED SUBLICENSEE of any of its
business entities, business units, or blocks of business, such business entity,
business unit or block of business shall be permitted to continue its
then-current use of the LICENSED MARKS to the extent required to comply with
applicable Laws for a TRANSITION PERIOD if LICENSEE obtains LICENSOR’S written
consent (which consent shall not be unreasonably withheld) prior to the start
of any proposed TRANSITION PERIOD.

 

3.             “TRANSITION
PERIOD” means a nine (9) month period, which may be extended with
LICENSOR’S prior written consent (which consent shall not be unreasonably
withheld) three (3) times for consecutive periods of thirty (30) days each,
provided that LICENSEE, all applicable PERMITTED SUBLICENSEES and all
applicable AUTHORIZED DISTRIBUTORS, as the case may be, at all times during
such time period and such extension periods comply in good faith with the
obligations contained herein and discontinue such use as promptly as
practicable.

 

4.             Notwithstanding
anything in this Agreement to the contrary, no TRANSITION PERIOD shall extend
beyond five (5) years from the EFFECTIVE DATE. 
LICENSEE, all applicable PERMITTED SUBLICENSEES and all applicable
AUTHORIZED DISTRIBUTORS, as the case may be, shall comply with the transition
provisions in Exhibit D.

 

G.            The
termination provisions of this Article VII do not apply to termination of the
license granted in Article VI.

 

H.            The
following provisions of this Agreement shall survive any termination or
expiration of this Agreement: 
Paragraphs V.A., V.B., V.D., V.F., V.G., VII.F. and Articles VIII and
IX.  Subject to the foregoing sentence,
upon termination or expiration of this Agreement, all

 

18

 

licenses granted to LICENSEE,
the PERMITTED SUBLICENSEES and the AUTHORIZED DISTRIBUTORS herein shall
immediately terminate.

 

VIII.        DISCLAIMER
OF WARRANTIES AND ASSUMPTION OF RISK

 

A.            EACH
PARTY AGREES AND ACKNOWLEDGES THAT THE GE MARKS ARE LICENSED HEREUNDER AS IS,
WITH ALL FAULTS AND WITHOUT WARRANTY OF ANY KIND, AND THAT LICENSOR DOES NOT
MAKE, AND LICENSOR HEREBY SPECIFICALLY DISCLAIMS, ANY REPRESENTATION OR
WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, OF
MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.

 

B.            LICENSEE
and the PERMITTED SUBLICENSEES hereby assume all risk and liability resulting
from LICENSEE’S, PERMITTED SUBLICENSEES’ and AUTHORIZED DISTRIBUTORS’ use of
the GE MARKS.

 

IX.           MISCELLANEOUS
PROVISIONS

 

A.            Governing
Law.  This Agreement shall be
governed by and construed and interpreted in accordance with the Laws of the
State of New York irrespective of the choice of Laws principles of the State of
New York other than Section 5-1401 of the General Obligations Law of the State
of New York.

 

B.            Notices.  All notices, requests, claims, demands and
other communications under this Agreement shall be in writing and shall be
given or made (and shall be deemed to have been duly given or made upon
receipt) by delivery in person, by overnight courier service, by facsimile with
receipt confirmed (followed by delivery of an original via overnight courier
service) or by registered or certified mail (postage prepaid, return receipt
requested) to the respective parties at the following addresses (or at such
other address for a party as shall be specified in a notice given in accordance
with this Paragraph IX.B.):

 

LICENSOR:

 

GE Capital Registry, Inc.

260 Long Ridge Road

Stamford, CT  06927

Attention:  General Counsel

 

with a copy to:

 

Weil, Gotshal & Manges LLP

767 Fifth Avenue

New York, NY  10153

Attention:  Howard Chatzinoff, Esq.

 

LICENSEE:

 

Genworth Financial, Inc.

6620 West Broad Street

 

19

 

Richmond, VA 23230

Attention:  General Counsel

 

with a copy to:

 

Hunton & Williams LLP

Riverfront Plaza, East Tower

951 E. Byrd Street

Richmond, VA 23219-4074

Attention:  Allen C. Goolsby, Esq.

 

C.            Severability.  If any term or other provision of this
Agreement is invalid, illegal or incapable of being enforced under any Law or
as a matter of public policy, all other conditions and provisions of this
Agreement shall nevertheless remain in full force and effect.  Upon such determination that any term or
other provision is invalid, illegal or incapable of being enforced, the parties
to this Agreement shall negotiate in good faith to modify this Agreement so as
to effect the original intent of the parties as closely as possible in a
mutually acceptable manner in order that the transactions contemplated by this
Agreement be consummated as originally contemplated to the greatest extent
possible.

 

D.            Entire
Agreement.  This Agreement and the
Master Agreement constitute the entire agreement of the parties hereto with
respect to the subject matter of this Agreement and supersedes all prior
agreements and undertakings, both written and oral, between or on behalf of the
parties hereto with respect to the subject matter of this Agreement.

 

E.             Assignment;
No Third-Party Beneficiaries.  This
Agreement shall not be assigned or transferred in whole or in part by any party
hereto without the prior written consent of the other parties hereto, and any
attempted assignment or transfer without such consent shall be null and
void.  Notwithstanding the foregoing,
LICENSOR, in its sole discretion, may assign this Agreement in whole or in part
to any AFFILIATE of LICENSOR at any time. 
Except as provided in Paragraph VII.F. with respect to successors and in
Paragraph VIII with respect to Indemnified Parties, this Agreement is for the
sole benefit of the parties to this Agreement and their permitted successors
and assigns and nothing in this Agreement, express or implied, is intended to
or shall confer upon any other Person or entity any legal or equitable right,
benefit or remedy of any nature whatsoever under or by reason of this
Agreement.

 

F.             Amendment.  No provision of this Agreement may be
amended or modified except by a written instrument signed by all the parties to
this Agreement.  No waiver by any party
of any provision hereof shall be effective unless explicitly set forth in
writing and executed by the party so waiving. 
The waiver by either party hereto of a breach of any provision of this
Agreement shall not operate or be construed as a waiver of any other subsequent
breach.

 

G.            Rules
of Construction.  Interpretation of
this Agreement shall be governed by the following rules of construction:  (a) words in the singular shall be held to
include the plural and vice versa and words of one gender shall be held to
include the other gender as the context requires, (b) references to the terms
Article, Section, Paragraph, and Schedule are references to the Articles,
Sections, Paragraphs, and Schedules to this Agreement unless otherwise
specified,

 

20

 

(c) the word “including” and
words of similar import shall mean “including, without limitation,” (d)
provisions shall apply, when appropriate, to successive events and
transactions, (e) the table of contents and headings contained herein are for
reference purposes only and shall not affect in any way the meaning or interpretation
of this Agreement and (f) this Agreement shall be construed without regard to
any presumption or rule requiring construction or interpretation against the
party drafting or causing any instrument to be drafted.

 

H.            Counterparts.  This Agreement may be executed in one or
more counterparts, and by the different parties to each such agreement in
separate counterparts, each of which when executed shall be deemed to be an
original but all of which taken together shall constitute one and the same
agreement.  Delivery of an executed
counterpart of a signature page to this Agreement by facsimile shall be as
effective as delivery of a manually executed counterpart of any such Agreement.

 

I.              Dispute
Resolution.  Any dispute,
controversy or claim arising out of or relating to the transactions
contemplated by this Agreement, or the validity, interpretation, breach or
termination of any provision of this Agreement shall be resolved in accordance
with Article VII of the Master Agreement. 
Notwithstanding the foregoing, any dispute, controversy or claim arising
out of or relating to the transactions contemplated by Article VI of this
Agreement, or the validity, interpretation, breach or termination of any
provision of Article VI of this Agreement shall be resolved in accordance with
Exhibit E.

 

J.             No
Waiver.  Failure by LICENSOR at any
time to enforce or require strict compliance with any provision of this
Agreement shall not affect or impair that provision in any way or the rights of
LICENSOR to avail itself of the remedies it may have in respect of any
subsequent breach of that or any other provision.  The waiver of any term, condition, or provision of this Agreement
must be in writing and signed by an authorized representative of the waiving
Party.  Any such waiver will not be
construed as a waiver of any other term, condition, or provision, nor as a
waiver of any subsequent breach of the same term, condition, or provision,
except as provided in a signed writing.

 

K.            Headings.  All headings used in this Agreement are for
convenience of reference only.  They
will not limit or extend the meaning of any provision of this Agreement, and
will not be relevant in interpreting any provision of this Agreement.

 

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

 

 

	
  GE CAPITAL REGISTRY, INC.

  	
  GENWORTH FINANCIAL, INC.

  
	
  By:

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  	
  Name:

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  	
  Title:

  	
   

  	
   

  
	
  Date:

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  

 

21

 

EXHIBIT A

 

LICENSED MARKS

 

 

 

1.

 

2.  “GE”, both unstylized and
stylized, subject to the standards and guidelines pursuant to Paragraph IV.B.

 

3.  “Built on GE Heritage”

 

The parties agree that during the TERM, LICENSEE’S right to use “Built
on GE Heritage” shall be exclusive, even as to LICENSOR, provided that such
exclusivity shall apply only to all of the words “Built on GE Heritage” used in
that order.  For the avoidance of doubt,
GE may use “GE Heritage” alone or in combination with other words and phrases.

 

22

 

EXHIBIT B

 

STANDARDS AND
GUIDELINES 

 

23

 

EXHIBIT C

 

SEARCH TERMS
AND KEY WORDS

 

24

 

EXHIBIT D

 

TRANSITION
PROVISIONS

 

	
  Disclosure

  Scenario

  	
   

  	
  Prior to

  Trigger Date

  	
   

  	
  Trigger Date to 10%

  	
   

  	
  10% or Less

  
	
  Genworth material using GE monogram and/or
  “Built on GE Heritage” tag line

  	
   

  	
  No disclosure language

  	
   

  	
  Genworth Financial is an affiliate of GE [General Electric Company]
  PLUS Standard Trademark Disclosure.

  	
   

  	
  Standard Trademark Disclosure.

  GE and the GE monogram are trademarks of General Electric Company and are
  used with permission.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Material used by Genworth legal entity that
  has GE or General Electric in its corporate name

  	
   

  	
  No disclosure language

  	
   

  	
  a). [legal entity] is a member of the Genworth Financial family of
  companies and is an affiliate of GE.

  b). [legal entity] is an affiliate of GE.

  * Use of disclosures will depend in part upon percentage of GE ownership
  sufficient to be considered an “affiliate”.

  	
   

  	
  [name of legal entity] is a member of the Genworth Financial family
  of companies and is no longer an affiliate of the General Electric
  Company.  PLUS Standard Trademark Disclosure.

  

 

25

 

EXHIBIT E

 

ARTICLE VI DISPUTE RESOLUTION

 

1.1           General
Provisions.

 

(a)           Any dispute,
controversy or claim arising out of or relating to Article VI of this
Agreement, or the validity, interpretation, breach or termination thereof (an
“Article VI Dispute”), shall be resolved in accordance with the procedures set
forth in this Exhibit E, which shall be the sole and exclusive procedures for
the resolution of any such Article VI Dispute unless otherwise specified
below.  The parties expressly agree that
dispute resolution procedures in this Exhibit E govern Article VI Disputes and
supersede dispute resolution provisions contained in any other Transaction
Documents, including but not limited to the Master Agreement, for Article VI
Disputes.

 

(b)           Commencing with an
Article VI Initial Notice contemplated by Section 1.2 of this Exhibit E,
all communications between the parties or their representatives in connection
with the attempted resolution of any Article VI Dispute, including any
mediator’s evaluation referred to in Section 1.3 of this Exhibit E, shall
be deemed to have been delivered in furtherance of an Article VI Dispute
settlement, shall be exempt from discovery and production, and shall not be
admissible in evidence for any reason (whether as an admission or otherwise),
in any arbitral or other proceeding for the resolution of the Article VI
Dispute

 

(c)           The parties
expressly waive and forego any right to (i) punitive, exemplary,
statutorily-enhanced or similar damages in excess of compensatory damages, and
(ii) trial by jury.

 

(d)           The specific
procedures set forth below, including but not limited to the time limits
referenced therein, may be modified by agreement of the parties in writing.

 

(e)           All applicable
statutes of limitations and defenses based upon the passage of time shall be
tolled while the procedures specified in this Exhibit E are pending.  The parties will take such action, if any,
required to effectuate such tolling.

 

(f)            The parties hereto
hereby irrevocably submit to the exclusive jurisdiction of any federal or state
court located within the State of Delaware over any such Article VI Dispute and
each party hereby irrevocably agrees that all claims in respect of any such
Article VI Dispute or any suit, action or proceeding related thereto may be
heard and determined in such courts. 
The parties hereby irrevocably waive, to the fullest extent permitted by
applicable Law, any objection which they may now or hereafter have to the
laying of venue of any such Article VI Dispute brought in such courts or any
defense of inconvenient forum for the maintenance of such dispute.  Each of the parties hereto agrees that a
judgment in any such Article VI Dispute may be enforced in other jurisdictions
by suit on the judgment or in any other manner provided by Law.

 

26

 

(g)           Each party will bear
its own attorney’s fees and costs incurred in connection with the resolution of
any Article VI Dispute.

 

1.2           Consideration by
Senior Executives.  If an Article VI
Dispute is not resolved in the normal course of business at the operational
level, the parties shall attempt in good faith to resolve such Article VI
Dispute by negotiation between executives who hold, at a minimum, the office of
President and CEO of the respective business entities involved in such Article
VI Dispute.  Either party may initiate
the executive negotiation process by providing a written notice to the other
(the “Article VI Initial Notice”).  Ten
(10) days after delivery of the Article VI Initial Notice, the receiving party
shall submit to the other a written response (the “Article VI Response”).  The Article VI Initial Notice and the
Article VI Response shall include (i) a statement of the Article VI Dispute and
of each party’s position, and (ii) the name and title of the executive who will
represent that party and of any other person who will accompany the
executive.  Such executives will meet in
person or by telephone within twenty (20) days of the date of the Article VI
Initial Notice to seek a resolution of the Article VI Dispute.

 

1.3           Mediation.  If an Article VI Dispute is not resolved by
negotiation as provided in Section 1.2 within thirty (30) days from the
delivery of the Article VI Initial Notice, then either party may submit the
Article VI Dispute for resolution by mediation pursuant to the CPR Institute
for Dispute Resolution Model Mediation Procedure as then in effect.  The parties will select a mediator from the
CPR Panels of Distinguished Neutrals. 
Either party at commencement of the mediation may ask the mediator to
provide an evaluation of the Article VI Dispute and the parties’ relative
positions.  The parties agree to resolve
such mediation within thirty (30) days of the selection of a mediator.

 

1.4           Arbitration.  If an Article VI Dispute is not resolved by
mediation as provided in Section 1.3 within thirty (30) days of the selection
of a mediator (unless the mediator chooses to withdraw sooner), either party
may submit the Article VI Dispute to be finally resolved by arbitration
pursuant to the CPR Rules for Non-Administered Arbitration as then in effect,
but amended as follows:  (i) after an
Article VI Dispute has arisen but has not been resolved by negotiation or
mediation according to the time frames set forth in Sections 1.2 and 1.3, a
party (“Claimant”) seeking to initiate arbitration shall send a Notice of
Arbitration to the other party (the “Respondent”) as soon as practicable; (ii)
the Respondent shall deliver to the Claimant a notice of defense within five
(5) business days of its receipt of the Notice of Arbitration; (iii) if a
counterclaim is asserted in the Notice of Defense, the Claimant shall deliver
to the Respondent a reply to counterclaim within five (5) business days of its
receipt of the Notice of Defense; (iv) there shall be one (1) arbitrator, who
shall be a member of the CPR Panels of Distinguished Neutrals and shall be
appointed by agreement of the parties, using their best, good faith efforts,
within five (5) days after the Notice of Defense is received by the Claimant,
or, if no agreement is reached, by the CPR upon written request of either
party; and (v) no discovery will be allowed. 
The parties agree to resolve such arbitration within thirty (30) days of
the date that the Claimant sends the Notice of Arbitration to the
Respondent.  Such arbitration proceeding
shall take place in New York, New York unless the parties mutually agree to
another location.  The parties agree
that no appeal shall lie from the arbitration award, that they will not
challenge the arbitration award for any reason in any court, and that the
arbitration award shall have the force and effect of a judgment as if a court
having jurisdiction thereof has

 

27

 

entered judgment on the
award.  The arbitration shall be
governed by the Federal Arbitration Act, 9 U.S.C. §§ 1-16.

 

28Exhibit 10.10

 

INTELLECTUAL
PROPERTY CROSS LICENSE

 

This INTELLECTUAL PROPERTY CROSS LICENSE (“Agreement”)
dated as of
                       ,
2004, is entered into by GENERAL ELECTRIC COMPANY, a New York corporation (“GE”)
and GENWORTH FINANCIAL, INC., a Delaware corporation (“Genworth”).  GE and Genworth are sometimes referred to
herein as a “party” or collectively as the “parties”.

 

PRELIMINARY STATEMENTS

 

A.                                   GE,
General Electric Capital Corporation, GE Financial Assurance Holdings, Inc.,
GEI, Inc., and Genworth entered into a Master Agreement, dated
           , 2004 (“Master
Agreement”).

 

B.                                     The
Master Agreement requires the execution and delivery of this Agreement by the
parties at the Closing.

 

C.                                     GE
and its Affiliates control certain Intellectual Property and desire to license
certain Intellectual Property, including, without limitation, patent rights, to
Genworth and its Affiliates.

 

D.                                    Genworth
and its Affiliates control certain Intellectual Property and desire to license
certain Intellectual Property, including, without limitation, patent rights, to
GE and its Affiliates.

 

E.                                      The
parties desire to avoid any adverse effect on the GENIUS®
Applications that may result from the filing and prosecution of
continuation-in-part and divisional patent applications based on the GENIUS®
Applications.

 

NOW THEREFORE, in consideration of the mutual covenants and agreements
contained herein, the parties, intending to be legally bound, hereby agree as
follows:

 

ARTICLE
I

Definitions

 

Section 1.01.        Certain
Defined Terms.

 

(a)           Unless otherwise defined herein, all
capitalized terms used herein shall have the same meaning as in the Master
Agreement.

 

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

 

“Applications” means the
GENIUS® Applications and the GE Applications.

 

“Bankruptcy Code”
has the meaning set forth in Section 2.05.

 

 

“CIP” has the meaning set
forth in Section 4.03.

 

“CIP Applications” has the
meaning set forth in Section 4.03.

 

“Control” or “Controlled”
means, with respect to any Intellectual Property, the right
to grant a license or sublicense to such Intellectual Property as provided for
herein without (i) violating the terms of any agreement or other arrangement
with any third party, (ii) requiring any consent, approvals or waivers from any
third party, or any breach or default by the party being granted any such
license or sublicense being deemed a breach or default affecting the rights of
the party granting such license or sublicense or (iii) requiring the payment of
material compensation to any third party.

 

“Divisional Applications”
has the meaning set forth in Section 4.03.

 

“Electronic
Materials” has
the meaning set forth in Section 2.09.

 

“ERC
IP” has the meaning set forth in Schedule C.

 

“GE Accounting
Policies” means GE’s accounting policies and related
documentation, which are clarifications of U.S. GAAP, pursuant to which GE
keeps its books and records and prepares consolidated financial statements.

 

“GEAM
IP” has the meaning set forth in Schedule C.

 

“GE
Applications” has the meaning set forth in Section 4.03.

 

“GECIS
IP” has the meaning set forth in Schedule C.

 

“GE Intellectual Property” means
Intellectual Property that is (x) Controlled by the GE Group as of the Closing
Date or the date it is assigned to the GE Group pursuant to the Master
Agreement and (y) in use, held for use or contemplated to be used by the
Genworth Group as of the Closing Date or the date of such assignment, but
specifically excludes (i) Intellectual Property assigned to Genworth and/or its
Affiliates under the Master Agreement, (ii) GE Materials and (iii) Intellectual
Property obtained by Genworth for GE and its Affiliates pursuant to Section
3.01(b) of the Transition Services Agreement. 
“GE
Intellectual Property” includes, without limitation, the
Intellectual Property set forth on Schedule A to the extent such
Intellectual Property is in use, held for use or contemplated to be used by the
Genworth Group as of the Closing Date or the date of such assignment and is
Controlled by the GE Group as of the Closing Date or the date of such
assignment.

 

“GE Materials”
means, collectively, the GE Accounting Policies, Policies and other materials
of the GE Group described in Article III.

 

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

 

2

 

“GENIUS®
Applications”
has the meaning set forth in Section 4.03.

 

“Genworth Intellectual Property” means
Intellectual Property that is (i) (x) Controlled by the Genworth Group as of
the Closing Date or the date it is assigned to the Genworth Group pursuant to
the Master Agreement and (y) in use, held for use or contemplated to be used by
the GE Group as of the Closing Date or the date of such assignment.  “Genworth Intellectual Property” includes,
without limitation, the Intellectual Property set forth on Schedule B to
the extent such Intellectual Property is in use, held for use or contemplated
to be used by the GE Group as of the Closing Date or the date of such assignment
and is Controlled by the Genworth Group as of the Closing Date or the date of
such assignment.

 

“Intellectual
Property” means all of the following, whether protected,
created or arising under the laws of the United States or any other foreign
jurisdiction: (i) patents, patent applications (along with all patents issuing
thereon), statutory invention registrations, divisions, continuations,
continuations-in-part, substitute applications of the foregoing and any
extensions, reissues, restorations and reexaminations thereof, and all rights
therein provided by international treaties or conventions, (ii) copyrights,
mask work rights, database rights and design rights, whether or not registered,
published or unpublished, and registrations and applications for registration
thereof, and all rights therein whether provided by international treaties or
conventions or otherwise, (iii) trade secrets, (iv) intellectual property
rights arising from or in respect of Technology and (v) all other applications
and registrations related to any of the intellectual property rights set forth
in the foregoing clauses (i) — (iv) above. 
As used in this Agreement, the term “Intellectual Property”
expressly excludes (x) trademarks, service marks, trade dress, logos and other
identifiers of source, including all goodwill associated therewith and all
common law rights, registrations and applications for registration thereof, and
all rights therein provided by international treaties or conventions, and all
reissues, extensions and renewals of any of the foregoing and (y) intellectual
property rights arising from or in respect of domain names, domain name
registrations and reservations.

 

“Improvement” means
any modification, derivative work or improvement of any Technology.

 

“Licensed Products and Services”
means those products and services that use, practice or incorporate the
Licensor’s Intellectual Property.

 

“Licensee” means a Person
receiving a license or sublicense under this Agreement.

 

“Licensor” means a Person
granting a license or sublicense under this Agreement.

 

“Policies” has the
meaning set forth in Section 3.03.

 

“Prime Directive” has the
meaning set forth in Section 4.03.

 

“Prosecution Guidelines”
has the meaning set forth in Section 4.03.

 

3

 

“Restriction Requirements”
has the meaning set forth in Section 4.03.

 

“Secondary  Directive” has the meaning set forth in
Section 4.03.

 

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

 

“Software” means the
object and source code versions of computer programs and sufficient associated
documentation, training materials and configurations to use and modify such
programs, including programmer, administrator, end user and other
documentation.

 

“Subsequent Applications” has
the meaning set forth in Section 4.03.

 

“Technology”
means, collectively, all designs, formulas, algorithms, procedures, techniques,
ideas, know-how, Software, programs, models, routines, databases, tools,
inventions, creations, improvements, works of authorship, and all recordings,
graphs, drawings, reports, analyses, other writings, and any other embodiment
of the above, in any form, whether or not specifically listed herein.

 

“Transition
Services Agreement” means the Transition Services Agreement dated
                   ,
2004, by and among GE, General Electric Capital Corporation, GEI, Inc., GE
Financial Assurance Holdings, Inc. and Genworth.

 

“USPTO” has the meaning
set forth in Section 4.03.

 

ARTICLE
II

License Grant

 

Section 2.01.        Grant from GE to Genworth and its Affiliates.

 

(a)           GE hereby grants, and shall cause its
Affiliates to grant, to Genworth and its Affiliates a non-exclusive,
irrevocable, royalty-free, fully paid up, worldwide, perpetual right and
license, with no right to sublicense except as provided herein, under the GE
Intellectual Property:  (i) to allow
employees, directors and officers of Genworth and its Affiliates to use and
practice the GE Intellectual Property for internal purposes, (ii) to make, have
made, use, sell, have sold, import, and otherwise commercialize Licensed
Products and Services and (iii) to create Improvements in accordance with
Section 2.04.

 

(b)           Genworth and its Affiliates may grant
sublicenses of the right and license granted under this Section 2.01 to an
acquiror of any of the businesses, operations or assets of Genworth or its
Affiliates to which this Agreement relates, which acquiror executes an
agreement to be bound by all obligations of Genworth and its Affiliates under
this Agreement relating to such right and license (a copy of which agreement is
provided to GE).

 

(c)           Subject to the terms and conditions
of Article VI, Genworth and its Affiliates may permit their suppliers,
contractors and consultants to exercise the right and license

 

4

 

granted
to Genworth and its Affiliates under this Section 2.01 on behalf of and at the
direction of Genworth and its Affiliates (and not solely for the benefit of
such suppliers, contractors and consultants).

 

(d)           Subject to the terms and conditions
of Article VI, Genworth and its Affiliates may permit employees (including
contract employees), directors and officers of their customers and suppliers in
the ordinary course of
Genworth’s business (and not Persons who are customers or suppliers merely to
access and use the GE Intellectual Property) to use training and
productivity-enhancing Software and documentation that is subject to the right
and license granted under this Section 2.01 and is for general use by customers
and suppliers, provided that Genworth’s or its Affiliates’ purpose in
permitting such use is to benefit the business of Genworth or its Affiliates,
provided further that such customers and suppliers may not use any such
Software and documentation in advertising, publicity or marketing activities
without GE’s prior written approval, which approval will not be unreasonably
withheld.

 

(e)           With respect to the GE Intellectual Property set forth on Schedule C,
the right and license granted to Genworth and its Affiliates under this
Section 2.01 shall be further subject
to the terms and conditions set forth on Schedule C.

 

Section 2.02.        Grant from Genworth to GE and its Affiliates.

 

(a)           Genworth hereby grants, and shall
cause its Affiliates to grant, to GE and its Affiliates a non-exclusive,
irrevocable, royalty-free, fully paid up, worldwide, perpetual right and
license, with no right to sublicense except as provided herein, under the
Genworth Intellectual Property:  (i) to
allow employees, directors and officers of GE and its Affiliates to use and
practice the Genworth Intellectual Property for internal purposes, (ii) to
make, have made, use, sell, have sold, import, and otherwise commercialize
Licensed Products and Services and (iii) to create Improvements in accordance
with Section 2.04.

 

(b)           GE and its Affiliates may grant
sublicenses of the right and license granted under this Section 2.02 to an
acquiror of any of the businesses, operations or assets of GE or its Affiliates
to which this Agreement relates, which acquiror executes an agreement to be
bound by all obligations of GE and its Affiliates under this Agreement relating
to such right and license (a copy which agreement is provided to Genworth).

 

(c)           Subject to the terms and conditions
of Article VI, GE and its Affiliates may permit their suppliers, contractors
and consultants to exercise the right and license granted to GE and its
Affiliates under this Section 2.02 on behalf of and at the direction of GE and
its Affiliates (and not solely for the benefit of such suppliers, contractors
and consultants).

 

(d)           Subject to the terms and conditions
of Article VI, GE and its Affiliates may permit employees (including contract
employees), directors and officers of their customers and suppliers in the
ordinary course of GE’s
business (and not Persons who are customers or suppliers merely to access and
use the Genworth Intellectual Property) to use training and
productivity-enhancing Software and documentation that is subject to the right
and license granted under this Section 2.02 and is for general use by customers
and suppliers, provided that GE’s or its Affiliates’ purpose in permitting such
use is to benefit the business of GE or its

 

5

 

Affiliates, provided further that such customers and
suppliers may not use any such Software and documentation in advertising,
publicity or marketing activities without Genworth’s prior written approval,
which approval will not be unreasonably withheld.

 

Section 2.03.        Third
Party Licenses. 
To the extent that any Intellectual Property owned by a third party is
licensed under Sections 2.01 or 2.02, such Intellectual Property shall be
subject to all of the terms and conditions of the relevant agreement between
the Licensor and such third party pursuant to which such Intellectual Property
has been licensed.

 

Section 2.04.        Improvements.  Improvements made after the Closing Date
shall be owned by the party making such Improvement, or on whose behalf such
Improvement was made, and, as between the parties, such party shall own all
Intellectual Property rights in such Improvement.  For the avoidance of doubt, (i) such party shall not own any
Intellectual Property rights licensed to such party hereunder and (ii) such
party may freely assign or license such Improvements but shall not have the
right to assign any Intellectual Property of the other party and shall only
have the right to sublicense Intellectual Property of the other party as
expressly set forth herein.  No rights
are granted to either party to any Improvements made by, or on behalf of, the
other party under the Intellectual Property licensed hereunder to the extent
such Improvement was made after the Closing Date.

 

Section 2.05.        Section 365(n) of the Bankruptcy Code.  All rights and licenses granted under this
Agreement are, and shall otherwise be deemed to be, for purposes of Section
365(n) of the United States Bankruptcy Code (the “Bankruptcy Code”), licenses of rights to “intellectual
property” as defined under Section 101(35A) of the Bankruptcy Code. The parties
shall retain and may fully exercise all of their respective rights and
elections under the Bankruptcy Code.

 

Section 2.06.        Customers.  Each party agrees that it will use
reasonable efforts to not knowingly bring any legal action or proceeding
against, or otherwise communicate with, any customer of the other party with
respect to any alleged infringement, misappropriation or violation of any
Intellectual Property of such party licensed hereunder based on such customer’s
use of the other party’s products or services without first providing the other
party written notice of such alleged infringement, misappropriation or
violation.

 

Section 2.07.        Reservation of Rights.  All rights not expressly granted by a party
hereunder are reserved by such party. 
Without limiting the generality of the foregoing, the parties expressly
acknowledge that nothing contained herein shall be construed or interpreted as
a grant, by implication or otherwise, of any licenses other than the licenses
expressly set forth in this Article 2. 
The licenses granted in Sections 2.01 and 2.02 are subject to, and
limited by, any and all licenses, rights, limitations and restrictions with
respect to, as applicable, the GE Intellectual Property and the Genworth Intellectual
Property previously granted to or otherwise obtained by any third party that
are in effect as of the Closing.

 

Section 2.08.        Cooperation
Regarding Restrictions and Limitations Applicable to Licensed Intellectual
Property.

 

6

 

(a)           Until two (2) years after the Trigger
Date, at the request of Genworth, GE agrees to, and to cause GE’s Affiliates
to, use commercially reasonable, good faith efforts to provide Genworth such
copies of agreements (subject to any confidentiality restrictions that would
prevent disclosure of such agreements) or other information that are sufficient
to inform Genworth about any limitations or restrictions on the use and
sublicensing of the GE Intellectual Property set forth on Schedule A
hereto or other specific GE Intellectual Property identified by Genworth in
writing to GE, which has not already been provided to the Genworth Group and
which is not otherwise in the Genworth Group’s possession.  GE and its Affiliates shall not have any
liability to Genworth and its Affiliates resulting or arising from the failure
or inability to provide such agreements or information, and Genworth and its
Affiliates shall not have any liability to GE and its Affiliates under this
Agreement for failing to comply with limitations and/or restrictions on the use
and sublicensing of GE Intellectual Property of which the Genworth Group did
not have actual or constructive knowledge. 
Notwithstanding anything in this Agreement or the Master Agreement to the
contrary, GE and its Affiliates shall not indemnify, defend or hold Genworth
Group or its Affiliates harmless with respect to any Liabilities to any third
party arising out of, or resulting from, any Intellectual Property of such
third party licensed from GE or its Affiliates hereunder.

 

(b)           Until two (2) years after the Trigger
Date, at the request of GE, Genworth agrees to, and to cause Genworth’s
Affiliates to, use commercially reasonable, good faith efforts to provide GE
such copies of agreements (subject to any confidentiality restrictions that
would prevent disclosure of such agreements) or other information that are
sufficient to inform GE about any limitations or restrictions on the use and
sublicensing of the Genworth Intellectual Property set forth on Schedule B
hereto or other specific Genworth Intellectual Property identified by GE in
writing to Genworth, which has not already been provided to the GE Group and
which is not otherwise in the GE Group’s possession.  Genworth and its Affiliates shall not have any liability to GE
and its Affiliates resulting or arising from the failure or inability to
provide such agreements or information, and GE and its Affiliates shall not
have any liability to Genworth and its Affiliates under this Agreement for
failing to comply with limitations and/or restrictions on the use and
sublicensing of Genworth Intellectual Property of which the GE Group did not
have actual or constructive knowledge. 
Notwithstanding anything in this Agreement or the Master Agreement to
the contrary, Genworth and its Affiliates shall not indemnify, defend or hold
GE or its Affiliates harmless with respect to any Liabilities to any third
party arising out of, or resulting from, any Intellectual Property of such
third party licensed from Genworth or its Affiliates hereunder.

 

Section 2.09.        Delivery
of Software.

 

(a)           Until the expiration of two (2) years
from the Trigger Date, either party may request one (1) copy of Software or
other electronic content maintained on the other party’s intranet or other
computer network (“Electronic Materials”) that (i) is subject
to the license granted to such requesting party under this Article II, (ii) has
not already been provided to the requesting party, (iii) is not otherwise in
the requesting party’s possession and (iv) is not used to provide any GE
Services or Company Services, as the case may be, to the requesting party or
its Affiliates under the Transition Services Agreement, provided that if such
requesting party has access to such intranet or computer network, such
requesting party has first used commercially reasonable efforts to obtain such
Software or Electronic Materials directly from such intranet or

 

7

 

computer
network prior to making such request. 
Subject to Section 2.03, the delivering party shall make available or
deliver to the requesting party a copy of any such Software or Electronic
Materials that is in existence at the time of such request and current as of
the Closing Date; provided, however, that the delivering party
may, at its sole discretion, make available or deliver a version of such
Software and Electronic Materials that is current on or about the date of such
request and includes upgrades, updates and other modifications made to such
Software and Electronic Materials since the Closing Date.  Any upgrades, updates or other modifications
to Software and Electronic Materials that are made available or delivered to
the requesting party pursuant to this Section 2.09 and Controlled by the
delivering party as of the date they are made available or delivered shall be
deemed to be GE Intellectual Property if made available or delivered by GE or
its Affiliates, or Genworth Intellectual Property if made available or
delivered by Genworth or its Affiliates, notwithstanding that such upgrades,
updates or other modifications were not used, held for use or contemplated to
be used by the receiving party as of the Closing Date or Controlled by the
delivering party as of the Closing Date.

 

(b)           All Software, Electronic Materials
and upgrades, updates or other modifications thereto required to be made
available to or delivered to a Licensee pursuant to Section 2.09(a), will be
delivered by the Licensor to the Licensee electronically, or with the assistance
of the Licensor, downloaded by the Licensee from the Internet, provided that
the Licensee complies with all reasonable security measures implemented by the
Licensor.

 

Section 2.10.        Taxes.

 

(a)           Each party shall be responsible for
any personal property taxes on property it or any of its Affiliates owns or
leases, for franchise and privilege taxes on its or its Affiliates’ business,
and for taxes based on its or its Affiliates’ net income or gross receipts.

 

(b)           Genworth and its Affiliates may
report and (as appropriate) pay any sales, use, excise, value-added, services,
consumption, and other taxes and duties (collectively, “Taxes”) for which Genworth
and its Affiliates are responsible pursuant to Section 2.10(a) directly if
Genworth provides GE with a direct pay or exemption certificate.

 

(c)           GE and its Affiliates may report and
(as appropriate) pay any Taxes for which GE and its Affiliates are responsible
pursuant to Section 2.10(a) directly if GE provides Genworth with a direct pay
or exemption certificate.

 

(d)           Each party agrees to cooperate with
the other party to enable each to more accurately determine its and its
Affiliates’ own tax liability and to minimize such liability to the extent
legally permissible.

 

(e)           GE shall promptly notify Genworth of
any claim for Taxes asserted by applicable taxing authorities for which
Genworth or any of its Affiliates is alleged to be financially responsible
hereunder.  GE shall coordinate with
Genworth the response to and settlement of any such claim.  Notwithstanding the above, Genworth’s and
its Affiliates’ liability for such Taxes is conditioned upon GE providing
Genworth notification within twenty (20) business days of receiving any
proposed assessment of any additional Taxes, interest or penalty due by GE or its
Affiliates.

 

8

 

(f)            Genworth shall promptly notify GE of
any claim for Taxes asserted by applicable taxing authorities for which GE or
its Affiliates is alleged to be financially responsible hereunder.  Genworth shall coordinate with GE the
response to and settlement of any such claim. 
Notwithstanding the above, GE’s and its Affiliates’ liability for such
Taxes is conditioned upon Genworth providing GE notification within twenty (20)
business days of receiving any proposed assessment of any additional Taxes,
interest or penalty due by Genworth or its Affiliates.

 

(g)           Genworth and its Affiliates shall be
entitled to receive and to retain any refund of Taxes paid by Genworth or its
Affiliates to GE or its Affiliates pursuant to this Agreement.  In the event GE or its Affiliates shall be
entitled to receive a refund of any such Taxes, GE shall promptly pay, or cause
the payment of, such refund to Genworth.

 

(h)           GE and its Affiliates shall be
entitled to receive and to retain any refund of Taxes paid by GE or its
Affiliates to Genworth or its Affiliates pursuant to this Agreement.  In the event Genworth or its Affiliates
shall be entitled to receive a refund of any such Taxes, Genworth shall
promptly pay, or cause the payment of, such refund to GE.

 

ARTICLE
III

GE
MATERIALS

 

Section 3.01.        Prior
to the Trigger Date.  Prior
to the Trigger Date, GE shall permit Genworth and its Affiliates to use the GE
Materials in accordance with GE’s standard policies, procedures and guidelines
for use thereof by its Subsidiaries.

 

Section 3.02.        Accounting
Policies.

 

(a)           On and after the Trigger Date, GE
shall permit Genworth and its Affiliates to use the GE Accounting Policies for
historical purposes of Genworth and its Affiliates.  On and after the Trigger Date, GE shall permit Genworth and its
Affiliates to use the GE Accounting Policies with the modifications required by
Section 3.02(b) (“Genworth Accounting Policies”) for the
accounting and reporting purposes of Genworth and its Affiliates.  Genworth and its Affiliates may create (and
their respective contractors may create on their behalf), and Genworth and its
Affiliates shall own, derivative works and modifications of the Genworth Accounting
Policies.  The Genworth Accounting
Policies used by Genworth and its Affiliates may be (i) used by Genworth’s and
its Affiliates’ employees (including contractors), auditors, accountants and
financial advisors, (ii) disclosed as required by applicable Law and (iii) used
by an acquiror of Genworth or its Affiliates or any of the businesses,
operations or assets of Genworth or its Affiliates to which this Agreement
relates, provided that such acquiror executes an agreement to be bound by all
obligations of Genworth and its Affiliates under this Agreement relating to
such Genworth Accounting Policies (a copy of which agreement is provided to GE)
provided further that such acquiror shall be limited to use of such Genworth
Accounting Policies solely in connection with such businesses, operations or
assets (and not any other businesses, operations or assets of the
acquiror).  It is understood and agreed
that GE makes no representation or warranty as to the suitability of the GE
Accounting Policies for use by Genworth and its Affiliates or any of their
respective divested businesses.

 

9

 

(b)           Notwithstanding anything in this
Agreement to the contrary, the text of any Genworth Accounting Policies shall
not contain any references to GE or its Affiliates, GE or its Affiliates’
publications, GE or its Affiliates’ personnel (including, without limitation,
senior management).

 

Section 3.03.        Corporate
Policies.

 

(a)           On and after the Trigger Date, GE
shall permit Genworth and its Affiliates to adopt and use the summary of the
policies set forth in the compliance guide entitled Integrity: the Spirit
and Letter of Our Commitment and the full text of the policies
(collectively, the “Policies”)
published on the website “integrity.ge.com” with the modifications required by
Section 3.03(b) (“Genworth Policies”) as Genworth’s and its
Affiliates’ own policies, procedures and guidelines.  Genworth and its Affiliates may create (and their respective
contractors may create on their behalf), and Genworth and its Affiliates shall
own, derivative works and modifications of the Genworth Policies.  The Genworth Policies may be (i) used by
Genworth’s and its Affiliates’ employees (including contractors), customers
(including brokers and licensed agents) and suppliers, (ii) disclosed as
required by applicable Law, and (iii) used by an acquiror of Genworth or its
Affiliates or any of the businesses, operations or assets of Genworth or its
Affiliates to which this Agreement relates, provided that such acquiror
executes an agreement to be bound by all obligations of Genworth and its
Affiliates under this Agreement relating to such Policies and Genworth Policies
(a copy of which agreement is provided to GE) provided further that such
acquiror shall be limited to use of such Genworth Policies solely in connection
with such businesses, operations or assets (and not any other businesses,
operations or assets of the acquiror). 
It is understood and agreed that GE makes no representation or warranty
as to the suitability of the Policies for use by Genworth and its Affiliates or
any of their respective divested businesses.

 

(b)           Notwithstanding anything in this
Agreement to the contrary, the text of any Genworth Policies shall not contain
(i) any references to GE or its Affiliates, GE or its Affiliates’ publications,
GE or its Affiliates’ personnel (including, without limitation, senior
management) or (ii) the title of the Policy Guide (i.e., “Integrity: the
Spirit and Letter of Our Commitment”), any portion thereof, or any confusingly
similar phrase.

 

Section 3.04.        Limitation
on Rights and Obligations with Respect to the GE Materials.  GE shall have no obligation under this
Agreement (i) to notify Genworth and its Affiliates of any changes or proposed
changes to any of the GE Materials, (ii) to include Genworth and its Affiliates
in any consideration of proposed changes to any of the GE Materials, (iii) to
provide draft changes of any of the GE Materials to Genworth and its Affiliates
for review or comment, or (iv) to provide Genworth and its Affiliates with any
updated materials relating to any of the GE Materials (provided that,
for the avoidance of doubt, Genworth and its Affiliates shall have no
obligation hereunder with respect to any updated or changed GE Materials not
received hereunder).  The parties hereto
acknowledge and agree that, except as expressly set forth above, GE reserves
all rights in, to and under, including, without limitation, all Intellectual
Property rights with respect to, the GE Materials and no rights with respect to
ownership or use, except as otherwise expressly provided herein, shall vest in
Genworth and its Affiliates.  Further,
Genworth and its Affiliates agree to use the same degree of care that Genworth
and its Affiliates use with respect to their own information and materials of a
similar nature, but in no event less

 

10

 

than
a reasonable degree of care, to ensure that the GE Materials are not used for
any purpose other than the purposes set forth above.  Genworth and its Affiliates will allow GE reasonable access to
personnel and information as reasonably necessary to determine Genworth’s and
its Affiliates’ compliance with the provisions set forth above.

 

ARTICLE
IV

Covenants

 

Section 4.01.        Further Assistance.  Each party hereby covenants and agrees that
it shall, at the request of the other party, use commercially reasonable
efforts to assist the other party in its efforts to obtain any third party
consent, approval or waiver necessary to enable such other party to obtain a
license to any Intellectual Property that, but for the requirements set forth
in the definition of Control, would be the subject of a license granted
pursuant to Section 2.01 or 2.02 hereunder; provided, however,
that such party shall not be required to seek broader rights or more favorable
terms for the other party than those applicable to such party prior to the date
hereof or as may be applicable to such party from time to time thereafter.  The parties acknowledge and agree that there
can be no assurance that such party’s efforts will be successful or that the
other party will be able to obtain such licenses or rights on acceptable terms
or at all.

 

Section 4.02.        Ownership.  No party shall represent that it has any
ownership interest in any Intellectual Property of the other party licensed
hereunder.

 

Section 4.03.        Prosecution
and Maintenance.

 

(a)           Generally.  Excluding the parties’ obligations set forth
in Section 4.03(b) in connection with the Applications, each party retains the
sole right to protect at its sole discretion the Intellectual Property and
Technology owned by such party, including, without limitation, deciding whether
and how to file and prosecute applications to register patents, copyrights and
mask work rights included in such Intellectual Property, whether to abandon
prosecution of such applications, and whether to discontinue payment of any
maintenance or renewal fees with respect to any patents; provided, however,
that solely with respect to patent applications and issued patents set forth on
Schedules A and B, such party will notify the other party in
writing prior to abandoning prosecution of such patent applications or
discontinuing payment of any maintenance or renewal fees for such issued
patents and allow the other party the opportunity to take such action on behalf
of such party at the sole expense of the other party.

 

(b)           GENIUS®, CIP and
Divisional Patent Applications. 
Pursuant to the Master Agreement, GE Financial Assurance Holdings, Inc.
or its Affiliate has assigned or will assign to Genworth the patent
applications identified on Schedule D (collectively, the “GENIUS® Applications”).  The term “GENIUS® Applications”
as used herein shall include any patents directly resulting from the patent
applications described on Schedule D, the first generation of
applications based directly on such applications, and any patents directly
resulting from such first generation of applications; provided, however,
that it shall not include the GE Applications. 
GE may, at GE’s option, file and prosecute with the U.S. Patent and
Trademark Office (“USPTO”) certain
continuation-in-part (“CIP”) and
certain divisional patent applications based on the GENIUS®
Applications as set forth below.

 

11

 

(i)            Before the date hereof, GE shall
have filed or caused to be filed with the USPTO the non-provisional CIP patent
applications (the “CIP Applications”).  The term “CIP
Applications” as used herein shall include any patents directly
resulting from the CIP Applications, the first generation of applications based
directly on such applications, and any patents directly resulting from such
first generation of applications.  The
CIP Applications shall be described on Schedule E hereto and shall have
claims that are independent and distinct from the claims of the GENIUS®
Applications.  Genworth shall promptly
notify GE of any restriction requirements from the USPTO permitting the filing
of divisional applications based on the GENIUS® Applications (the “Restriction Requirements”).  If GE in its sole discretion elects to file
a non-provisional divisional application (“Divisional Application”) based on any such
Restriction Requirement, GE shall so notify Genworth within thirty (30) days of
GE’s receipt of such Restriction Requirement. 
The term “Divisional Applications” as used herein shall include any
patents directly resulting from the Divisional Applications, the first
generation of applications based directly on such applications, and any patents
directly resulting from such first generation of applications.  Any such “Divisional
Applications” filed prior to the date hereof shall be described on Schedule
E.  Notwithstanding anything herein
to the contrary, GE shall only have the right to file Divisional Applications
if the claims of such Divisional Applications correspond to a set of claims
identified in a Restriction Requirement, each of which claims in the claim set
being directed to subject matter outside of the insurance field.  The Divisional Applications and CIP
Applications are collectively referred to herein as the “GE Applications.” 
The preparation, filing and prosecution of (i) the GE Applications shall
be at GE’s sole cost and expense and (ii) the GENIUS® Applications
shall be at Genworth’s sole cost and expense.

 

(ii)           Each party will use commercially
reasonable efforts to ensure that the subject matter and prosecution of the
Applications, including all filings and actions taken in connection therewith,
do not adversely affect or limit the prosecution, claims, scope, validity or
enforceability of the GENIUS® Applications, whether as the result of
any double patenting rejection, prior art rejections, prosecution history
estoppel matters or otherwise (the “Prime
Directive”).  Each party will
also use commercially reasonable efforts to ensure that the subject matter and
prosecution of the Applications, including all filings and actions taken in
connection therewith, do not adversely affect or limit the prosecution, claims,
scope, validity or enforceability of the GE Applications, whether as the result
of any double patenting rejection, prior art rejections, prosecution history
estoppel matters or otherwise  (the “Secondary  Directive”;
the Prime Directive and Secondary Directive are collectively referred to as the
“Prosecution Guidelines”).  The Prosecution Guidelines shall only apply
to the Applications.  As used in this
Section 4.03(b), the terms “prosecute” and “prosecution” and related
derivations shall be deemed to include holding and/or maintaining issued patents.

 

(iii)          The parties agree that in the event of
any conflict between the Prime Directive and the Secondary Directive, the Prime
Directive shall control and take precedence. 
Subject to the confidentiality provisions of Article VI, each party
shall provide the other party with copies of material correspondence with the
USPTO relating to the Applications within a sufficient time to allow for
meaningful review, and each party shall promptly provide the other party with
copies of all Office Actions and correspondence with the USPTO relating to such
party’s Applications.

 

12

 

(iv)          In the event it is not possible for a
party to prosecute all claims of an Application in compliance with the
Prosecution Guidelines, such party shall notify the other party and shall
either elect to cease prosecuting the Application or have the other party
prosecute the Application.  In the event
a party elects to cease prosecution of the Application in accordance with the
foregoing, such party may abandon the Application, but only after notifying the
other party of its intent to do so and, in the event the other party requests
assignment of such Application to it, such party shall not abandon the
Application and shall assign the Application to the other party whereupon any
further prosecution of such Application will be at the other party’s sole cost
and expense and the other party shall own all rights to such Application and
any resulting patents and such party shall have no right or interest
therein.  In the event that a rejection
with respect to any claims in a GE Application can only be overcome by common
ownership by Genworth and GE desires to continue the prosecution of such GE
Application, GE will allow Genworth to prosecute such claims, and Genworth
shall prosecute such claims, in Genworth’s name at GE’s sole cost and
expense.  The parties acknowledge that
the Applications and all patents issuing on the Applications are subject to the
licenses granted under Article II herein; provided, however, that
GE and its Affiliates shall have no liability to Genworth in the event a GENIUS®
Application is assigned to GE and such GENIUS® Application is not
successfully prosecuted, and Genworth and its Affiliates shall have no
liability to GE in the event a GE Application is assigned to Genworth and such
GE Application is not successfully prosecuted.

 

(v)           In the event a party desires to cease
prosecution of or abandon any Application for any reason other than the
inability to prosecute such Application in compliance with the Prosecution
Guidelines, such party shall notify the other party prior to ceasing
prosecution or abandoning the Application and in the event the other party
requests assignment of such Application to it, such party shall not abandon the
Application and shall assign the Application to the other party whereupon any
further prosecution of such Application will be at the other party’s sole cost
and expense and the other party shall own all rights to such Application and
any resulting patents and such party shall have no right or interest therein.

 

(vi)          As a condition precedent to assignment
of any GE Application to a party other than an Affiliate of GE, GE shall (i)
notify Genworth prior to such assignment, (ii) obtain the written agreement of
such assignee to be bound by the obligations of GE under this Section 4.03 (b),
(iii) include Genworth in such written agreement as an intended third party
beneficiary thereof and (iv) provide Genworth an executed original of such
written agreement.

 

Section 4.04.        Third Party Infringements, Misappropriations,
Violations.

 

(a)           Each party shall promptly notify the
other party in writing of any actual or possible infringements,
misappropriations or other violations of the Intellectual Property of the other
party being licensed hereunder by a third party that come to such party’s
attention, as well as the identity of such third party or alleged third party
and any evidence of such infringement, misappropriation or other violation
within such party’s custody or control. 
The other party shall have the sole right to determine at its sole
discretion whether any action shall be taken in response to such infringements,
misappropriations or other violations.

 

13

 

(b)           Each party shall promptly notify the
other party in writing upon learning of the existence or possible existence of
rights held by any third party that may be infringed, misappropriated or
otherwise violated by the use or practice of the Intellectual Property of the
other party (or any element or portion thereof) licensed hereunder, as well as
the identity of such third party and any evidence relating to such purported
infringement, misappropriation or other violation within such party’s custody or
control.  Such party shall cooperate
fully with the other party to avoid infringing, misappropriating or violating
any third party rights, and shall discontinue all use and practice of such
Intellectual Property that is the subject of such purported infringement,
misappropriation or other violation upon the reasonable request of the other
party.

 

(c)           Each party shall promptly notify the
other party in writing upon learning of the existence or possible existence of
rights held by any third party that may be infringed, misappropriated or
otherwise violated by the use or practice of the Intellectual Property (or any
element or portion thereof) licensed to the other party hereunder, as well as
the identity of such third party.  The
other party shall cooperate fully with such party to avoid infringing,
misappropriating or violating any third party rights, and shall discontinue all
use and practice of such Intellectual Property that is the subject of such
purported infringement, misappropriation or other violation upon the reasonable
request of such party, and shall provide such party any evidence relating to
such purported infringement, misappropriation or other violation within the
other party’s custody or control.

 

Section 4.05.        Patent Marking.  Each party acknowledges and agrees that it
will comply with all reasonable requests of the other party relative to patent
markings required to comply with or obtain the benefit of statutory notice or
other provisions.

 

ARTICLE
V

Term and
Termination

 

Section 5.01.        Term. This Agreement shall remain in full force and effect in perpetuity
unless terminated in accordance with its terms.

 

Section 5.02.        No Termination.  This Agreement may only be
terminated upon the mutual written agreement of the parties.  In the event of a breach of this Agreement,
the sole and exclusive remedy of the non-breaching party shall be to recover
monetary damages and/or to obtain injunctive or equitable relief.

 

ARTICLE
VI

Confidentiality

 

All
Genworth Confidential Information and GE Confidential Information licensed
pursuant to this Agreement shall be subject to the terms and conditions set
forth in Section 6.2 of the Master Agreement.

 

ARTICLE
VII

General
Provisions

 

Section 7.01.        Assignment.

 

14

 

(a)           This Agreement shall not be
assignable, in whole or in part, by any party hereto to any third party,
including, without limitation, Affiliates of any party, without the prior
written consent of the other party hereto, and any attempted assignment without
such consent shall be null and void. 
Notwithstanding the foregoing, this Agreement may be assigned by any
party as follows without obtaining the prior written consent of the other party
hereto:

 

(i)            GE, in its sole discretion, may
assign this Agreement, and any or all of its rights under this Agreement, and
may delegate any or all of its duties under this Agreement to any Affiliate of
GE at any time, which expressly accepts such assignment in writing and assumes,
as applicable, any such obligations, provided that GE shall continue to remain
liable for the performance by such assignee.

 

(ii)           Genworth, in its sole discretion, may
assign this Agreement, and any or all of its rights under this Agreement, and
may delegate any or all of its duties under this Agreement to any Affiliate of
Genworth at any time, which expressly accepts such assignment in writing and
assumes, as applicable, any such obligations, provided that Genworth shall
continue to remain liable for the performance by such assignee.

 

(iii)          Each party may assign any or all of
its rights, or delegate any or all of its duties, under this Agreement to (i)
an acquiror of all or substantially all of the equity or assets of the business
of such party to which this Agreement relates or (ii) the surviving entity in
any merger, consolidation, equity exchange or reorganization involving such
party, provided that such acquiror or surviving entity, as the case may be,
executes an agreement to be bound by all the obligations of such party under
this Agreement (a copy of which agreement is provided to the other party).

 

(b)           If a party requests the written
consent of the other party to any assignment of this Agreement, the other party
agrees to negotiate in good faith with such party regarding such consent.  This Agreement shall also be binding upon
and inure to the benefit of and be enforceable by the successors, legal
representatives and permitted assigns of each party hereto.  All license rights and covenants contained
herein shall run with all Intellectual Property of any party licensed hereunder
and shall be binding on any successors in interest or assigns thereof.

 

Section 7.02.        Warranty and Disclaimer. 
NOTWITHSTANDING ANYTHING TO THE CONTRARY HEREIN OR IN
THE MASTER AGREEMENT, THE INTELLECTUAL PROPERTY LICENSED BY EACH PARTY TO THE
OTHER PARTY PURSUANT TO THIS AGREEMENT AND THE GE MATERIALS ARE FURNISHED “AS
IS”, WITH ALL FAULTS AND WITHOUT WARRANTY OF ANY KIND, EXPRESS, IMPLIED,
STATUTORY OR OTHERWISE, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF
MERCHANTABILITY, FITNESS FOR ANY PARTICULAR PURPOSE, TITLE, NON-INFRINGEMENT,
QUALITY, USEFULNESS, COMMERCIAL UTILITY, ADEQUACY, COMPLIANCE WITH ANY LAW,
DOMESTIC OR FOREIGN AND IMPLIED WARRANTIES ARISING FROM COURSE OF DEALING OR
COURSE OF PERFORMANCE.

 

Section 7.03.        Consequential and Other Damages.  NEITHER GENWORTH OR ITS AFFILIATES, ON THE ONE HAND, NOR GE OR ITS
AFFILIATES, ON THE

 

15

 

OTHER HAND, SHALL BE LIABLE TO THE OTHER FOR ANY
SPECIAL, INDIRECT, INCIDENTAL, PUNITIVE OR CONSEQUENTIAL DAMAGES (PROVIDED THAT
ANY SUCH LIABILITY WITH RESPECT TO A THIRD PARTY CLAIM SHALL BE CONSIDERED
DIRECT DAMAGES) OF THE OTHER ARISING IN CONNECTION WITH THE TRANSACTIONS
HEREUNDER.

 

Section 7.04.        Assumption
of Risk.  

 

(a)           Except as provided in the Master
Agreement, Genworth, on behalf of itself and its Affiliates, hereby assumes all
risk and liability in connection with their use of the GE Intellectual
Property.

 

(b)           Except as provided in the Master
Agreement, GE, on behalf of itself and its Affiliates, hereby assumes all risk
and liability in connection with their use of the Genworth Intellectual
Property.

 

Section 7.05.        Governing
Law.  This
Agreement shall be governed by and construed and interpreted in accordance with
the Laws of the State of New York irrespective of the choice of Laws principles
of the State of New York other than Section 5-1401 of the General Obligations
Law of the State of New York.

 

Section 7.06.        Notices.  All notices, requests,
claims, demands and other communications under this Agreement shall be in
writing and shall be given or made (and shall be deemed to have been duly given
or made upon receipt) by delivery in person, by overnight courier service, by
facsimile with receipt confirmed (followed by delivery of an original via
overnight courier service) or by registered or certified mail (postage prepaid,
return receipt requested) to the respective parties at the following addresses
(or at such other address for a party as shall be specified in a notice given
in accordance with this Section 7.06):

 

GE:

 

General Electric Company

3135 Easton Turnpike

Fairfield, CT 06828

Attention:  General Counsel

 

with a copy to:

 

Weil, Gotshal & Manges LLP

767 Fifth Avenue

New York, NY  10153

Attention:  Howard Chatzinoff, Esq.

 

GENWORTH:

 

16

 

Genworth Financial, Inc.

6620 West Broad Street

Richmond, VA 23230

Attention:  General Counsel

 

with a copy to:

 

Hunton & Williams LLP

Riverfront Plaza, East Tower

951 E. Byrd Street

Richmond, VA 23219-4074

Attention:  Allen C. Goolsby, Esq.

 

Section 7.07.        Severability.  If any term or other
provision of this Agreement is invalid, illegal or incapable of being enforced
under any Law or as a matter of public policy, all other conditions and provisions
of this Agreement shall nevertheless remain in full force and effect.  Upon such determination that any term or
other provision is invalid, illegal or incapable of being enforced, the parties
to this Agreement shall negotiate in good faith to modify this Agreement so as
to effect the original intent of the parties as closely as possible in a
mutually acceptable manner in order that the transactions contemplated by this
Agreement be consummated as originally contemplated to the greatest extent possible.

 

Section 7.08.        Entire
Agreement.  This
Agreement and the Master Agreement constitute the entire agreement of the
parties hereto with respect to the subject matter of this Agreement and
supersedes all prior agreements and undertakings, both written and oral,
between or on behalf of the parties hereto with respect to the subject matter
of this Agreement.

 

Section 7.09.        No
Third-Party Beneficiaries.  This
Agreement is for the sole benefit of the parties to this Agreement and their
Affiliates and the permitted sublicensees, successors and assigns of the
parties and nothing in this Agreement, express or implied, is intended to or
shall confer upon any other Person or entity any legal or equitable right,
benefit or remedy of any nature whatsoever under or by reason of this
Agreement.

 

Section 7.10.        Amendment.  No provision of this
Agreement may be amended or modified except by a written instrument signed by
all the parties to this Agreement.  No
waiver by any party of any provision hereof shall be effective unless
explicitly set forth in writing and executed by the party so waiving.  The waiver by either party hereto of a
breach of any provision of this Agreement shall not operate or be construed as
a waiver of any other subsequent breach.

 

Section 7.11.        Rules
of Construction.  Interpretation
of this Agreement shall be governed by the following rules of
construction:  (a) words in the singular
shall be held to include the plural and vice versa and words of one gender
shall be held to include the other gender as the context requires, (b)
references to the terms Article, Section, Paragraph, and Schedule are
references to the Articles, Sections, Paragraphs, and Schedules to this
Agreement unless otherwise specified, (c) the word “including” and words of
similar import shall mean “including, without limitation,” (d) provisions shall
apply, when appropriate, to successive events and transactions, (e) the table
of contents and headings contained herein are for reference purposes

 

17

 

only
and shall not affect in any way the meaning or interpretation of this Agreement
and (f) this Agreement shall be construed without regard to any presumption or
rule requiring construction or interpretation against the party drafting or causing
any instrument to be drafted.  Unless
specifically stated in the Master Agreement that a particular provision of the
Master Agreement should be given effect in lieu of a conflicting provision in
this Agreement, to the extent that any provision contained in this Agreement
conflicts with, or cannot logically be read in accordance with, any provision
of the Master Agreement, the provision contained in this Agreement shall
prevail.  Notwithstanding the foregoing,
nothing in this Agreement shall be deemed to waive a party’s rights or relieve
or otherwise satisfy any party’s obligations under Section 6.13 the Master
Agreement.

 

Section 7.12.        Counterparts.  This Agreement may be
executed in one or more counterparts, and by the different parties to each such
agreement in separate counterparts, each of which when executed shall be deemed
to be an original but all of which taken together shall constitute one and the
same agreement.  Delivery of an executed
counterpart of a signature page to this Agreement by facsimile shall be as
effective as delivery of a manually executed counterpart of any such Agreement.

 

Section 7.13.        Dispute
Resolution.  Any
dispute, controversy or claim arising out of or relating to the transactions
contemplated by this Agreement, or the validity, interpretation, breach or
termination of any provision of this Agreement shall be resolved in accordance
with Article IX of the Master Agreement.

 

Section 7.14.        No
Waiver.  Failure
by either party at any time to enforce or require strict compliance with any
provision of this Agreement shall not affect or impair that provision in any
way or the rights of such party to avail itself of the remedies it may have in
respect of any subsequent breach of that or any other provision.  The waiver of any term, condition, or
provision of this Agreement must be in writing and signed by an authorized
representative of the waiving party. 
Any such waiver will not be construed as a waiver of any other term,
condition, or provision, nor as a waiver of any subsequent breach of the same
term, condition, or provision, except as provided in a signed writing.

 

Section 7.15.        Headings.  All headings used in this Agreement are for
convenience of reference only.  They
will not limit or extend the meaning of any provision of this Agreement, and
will not be relevant in interpreting any provision of this Agreement.

 

Section 7.16.        Relationship
of the Parties. 
Nothing contained herein is intended or shall be deemed to make any
party the agent, employee, partner or joint venturer of the other or be deemed
to provide such party with the power or authority to act on behalf of the other
party or to bind the other party to any contract, agreement or arrangement with
any other individual or entity.

 

Section 7.17.        No Strict Construction.  This Agreement has been drafted jointly by
the parties and in the event of any ambiguities in the language hereof, there
shall be no inference drawn in favor of or against any party.

 

[Remainder of this page left
intentionally blank]

 

18

 

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

 

	
   

  	
  GENERAL ELECTRIC COMPANY

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  GENWORTH FINANCIAL, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  

 

 

SCHEDULES

 

	
  SCHEDULE A

  	
   

  	
  Certain GE Intellectual Property

  
	
  SCHEDULE B

  	
   

  	
  Certain Genworth Intellectual Property

  
	
  SCHEDULE C

  	
   

  	
  Restricted GE Intellectual Property

  
	
  SCHEDULE D

  	
   

  	
  GENIUS® Applications

  
	
  SCHEDULE E

  	
   

  	
  CIP Applications

  

 

 

SCHEDULE A

 

Certain GE Intellectual Property

 

 

SCHEDULE B

 

Certain Genworth Intellectual Property

 

 

SCHEDULE C

Restricted GE Intellectual Property

 

1.             GEAM

 

The following
shall be referred to as the “GEAM IP”:

 

•                                          SPII
- SPII Investment Software

•                                          Portfolio
Analyzer - Insurance investment software

•                                          Portfolio
Analyzer - Derivatives portfolio analysis software

•                                          PCAT
- PCAT Investments Software

 

Notwithstanding anything in this Agreement to the contrary, Genworth
and its Affiliates shall not sublicense, assign, or otherwise provide the GEAM
IP to any third party (including any acquiring entity, contractor, consultant,
customer or supplier of Genworth or its Affiliates) without the prior written
consent of GE, which shall not be unreasonably withheld.  For the avoidance of doubt, it shall not be
deemed unreasonable to withhold consent if such acquiring entity, contractor,
consultant, customer or supplier of Genworth or its Affiliates is a competitor
of GE Asset Management Incorporated.

 

2.             GECIS

 

The following
shall be referred to as the “GECIS IP”:

 

•                                          Multi
Collinearity Macro

•                                          Reconciliation
Reporting Tool

•                                          Migration
Toolkit

 

Notwithstanding anything in this Agreement to the contrary, Genworth
and its Affiliates shall not sublicense, assign, or otherwise provide the GECIS
IP to any third party (including any acquiring entity, contractor, consultant,
customer or supplier of Genworth or its Affiliates) without the prior written
consent of GE, which shall not be unreasonably withheld.  For the avoidance of doubt, it shall not be
deemed unreasonable to withhold consent if such acquiring entity, contractor,
consultant, customer or supplier of Genworth or its Affiliates is a competitor
of GE Capital International Services.

 

3.             ERC

 

The following shall be referred to as the “ERC IP”:

 

•                                          Account
Reconciliation

 

Notwithstanding anything in this Agreement to the contrary, Genworth
and its Affiliates shall not sublicense, assign, or otherwise provide the ERC
IP to any third party (including

 

 

any acquiring entity, contractor, consultant, customer or supplier of
Genworth or its Affiliates) without the prior written consent of GE, which
shall not be unreasonably withheld.  For
the avoidance of doubt, it shall not be deemed unreasonable to withhold consent
if such acquiring entity, contractor, consultant, customer or supplier of
Genworth or its Affiliates is a competitor of Employers Reinsurance
Corporation.

 

 

SCHEDULE D

 

GENIUS® Applications

 

	
  Item

  #

  	
   

  	
  GE PAGE

  Ref No

  	
   

  	
  H&W Ref No/

  Invention

  	
   

  
	
  1

  	
   

  	
  132193

  	
   

  	
  52493.000160

  	
   

  
	
  2

  	
   

  	
  135072

  	
   

  	
  52493.000161

  	
   

  
	
  3

  	
   

  	
  135965

  	
   

  	
  52493.000162

  	
   

  
	
  4

  	
   

  	
  129502

  	
   

  	
  52493.000185

  	
   

  
	
  5

  	
   

  	
  135017

  	
   

  	
  52493.000229

  	
   

  
	
  6

  	
   

  	
  135007

  	
   

  	
  52493.000233

  	
   

  
	
  7

  	
   

  	
  135063

  	
   

  	
  52493.000234

  	
   

  
	
  8

  	
   

  	
  135066

  	
   

  	
  52493.000237

  	
   

  
	
  9

  	
   

  	
  135068

  	
   

  	
  52493.000238

  	
   

  
	
  10

  	
   

  	
  135069

  	
   

  	
  52493.000239

  	
   

  
	
  11

  	
   

  	
  126469

  	
   

  	
  52493.000295

  	
   

  
	
  12

  	
   

  	
  126463

  	
   

  	
  52493.000296

  	
   

  
	
  13

  	
   

  	
  126931

  	
   

  	
  52493.000303

  	
   

  
	
  14

  	
   

  	
  139466

  	
   

  	
  52493.000308

  	
   

  
	
  15

  	
   

  	
  139470

  	
   

  	
  52493.000309

  	
   

  
	
  16

  	
   

  	
  129271

  	
   

  	
  52493.000310

  	
   

  

 

 

SCHEDULE E

 

CIP Applications

 

One CIP Application is the combination of 132193 and 135072

 

A second CIP Application is the combination of 135063 and 135695

 

A third CIP Application is the combination of 135007 and 129502

 

A fourth CIP Application is the combination of 135069 and 135066

 

A fifth CIP Application will add new material to 139470

 

A sixth CIP Application will add new material to 126469

 

A seventh CIP Application will add new material to 126931

 

An eighth CIP Application will add new material to 139466

 

A ninth CIP Application will add new material to 126463

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