EX-10.6 11 d651529dex106.htm EX-10.6 Execution Version TRADEMARK LICENSE AGREEMENT
Exhibit 10.6
Execution Version
This Trademark License Agreement (“Agreement”), dated as of the 9th of November, 2018 (the “Effective Date”), is by and between Apache Corporation, a Delaware corporation with offices located at 0000 Xxxx Xxx Xxxxxxxxx, Xxxxx 000, Xxxxxxx Xxxxx 00000 (“Licensor”) and Altus Midstream LP, a Delaware limited partnership, with offices located at 0000 Xxxx Xxx Xxxxxxxxx, Xxxxx 000, Xxxxxxx, Xxxxx 00000 (“Licensee”).
“Agreement” has the meaning set forth in the preamble.
“Contribution Agreement” has the meaning set forth in the recitals.
“Control” (and its correlative terms) means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through ownership of voting securities, by contract, or otherwise.
“Effective Date” has the meaning set forth in the preamble.
“Encumbrance” means any lien, charge, claim, condition, lease, pledge, option, right of first refusal, mortgage, deed of trust, security interest, restriction (whether on voting, sale, transfer, disposition, or otherwise), and easement, or other restriction or limitation whatsoever, whether imposed by Law or agreement.
“Excluded Marks” mean all the trademarks set forth in Exhibit 2, in each case whether used on a standalone basis or in connection with any other trademark, design, company name, trade name, domain name, or other source identifier (other than as specifically used in the trademarks set forth in Exhibit 1).
“Governmental Entity” means any legislature, court, tribunal, authority, agency, commission, division, board, bureau, branch, official, or other instrumentality of the United States, or any domestic state, county, city, or other political subdivision, governmental department, or similar governing entity, and including any governmental body exercising similar powers of authority and jurisdiction, in each case with jurisdiction over the parties or their respective businesses.
“Indemnified Party” has the meaning set forth in Section 9.1.
“Laws” means any applicable constitutional provision, statute, act, code (including the Code), law, regulation, rule, order, or decree of a Governmental Entity.
“License” means the rights and licenses granted by Licensor to Licensee in Section 2.1.
“Licensed Field” means businesses of Licensee pertaining to gathering, processing, transportation, and storage of oil, gas, natural gas, or natural gas liquids.
“Licensed Marks” mean the trademarks set forth (and only as set forth) on Exhibit 1 whether registered or unregistered, including the applications for those trademarks and any registrations which may be granted pursuant to such applications. For the avoidance of doubt, the Licensed Marks shall not include any domain names, or any trademark that is a derivative of the trademarks set forth in Exhibit 1, or any Excluded Xxxx.
“Licensed Services” mean all products and services sold or provided by Licensee under the Licensed Marks in the Licensed Field.
“Licensee” has the meaning set forth in the preamble.
“Licensor” has the meaning set forth in the preamble.
“Loss” means losses, damages, liabilities, deficiencies, claims, actions, judgments, settlements, interest, awards, penalties, fines, costs, or expenses of whatever kind, including reasonable attorneys’ fees and the cost of enforcing any right to indemnification hereunder and the cost of pursuing any insurance providers.
“Notice” has the meaning set forth in Section 13.2.
“Person” means any individual, corporation, limited liability company, partnership, joint venture, association, joint stock company, trust, enterprise, unincorporated organization, or Governmental Entity.
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“Related Party” means Alpine High Gathering LP, Alpine High Pipeline LP, Alpine High Processing LP, Alpine High NGL Pipeline LP, or Alpine High Subsidiary GP LLC.
“Term” has the meaning set forth in Section 10.1.
“Territory” means the United States of America and the United Mexican States.
“Third Party” means any Person other than Licensor, any Related Party, and Licensee.
(a) terms defined in Section 1.1 or elsewhere in this Agreement have the meanings assigned to them in that Section for purposes of this Agreement;
(b) the gender (or lack of gender) of all words used in this Agreement includes the masculine, feminine, and neuter;
(c) references to Articles and Sections refer to Articles and Sections, respectively, of this Agreement unless otherwise indicated by the context thereof;
(d) the words “herein,” “hereof,” “hereunder,” and other words of similar import refer to this Agreement as a whole and not to any particular Article or Section;
(e) the words “include,” “includes,” and “including” mean “include, without limitation,” “includes, without limitation,” and “including, without limitation,” respectively;
(f) terms defined herein include the plural as well as the singular;
(g) the terms “day” and “days” mean and refer to calendar day(s). The terms “year” and “years” mean and refer to calendar year(s). If any action is to be taken or given on or by a particular calendar day, and such calendar day is not a Business Day, then such action shall be deferred until the next Business Day;
(h) all exhibits or schedules attached hereto are hereby incorporated herein and made a part hereof for all purposes;
(i) the word “or” is not exclusive; and
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(j) the serial comma is sometimes included and sometimes omitted. Its inclusion or omission shall not affect the interpretation of any phrase.
2.1 Subject to the terms and conditions of this Agreement, Licensor hereby grants to Licensee during the Term a non-exclusive, non-transferable (except as provided in Section 12), sublicensable (only to a Related Party as provided in Section 2.3), royalty-free license to use the Licensed Marks solely on or in connection with the Licensed Services in the Territory.
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4. Ownership and Registration.
(a) take, omit to take, or permit any action which will or may dilute the Licensed Marks or tarnish or bring into disrepute the reputation of or goodwill associated with the Licensed Marks or Licensor, or which will or may invalidate or jeopardize any registration of the Licensed Marks;
(b) take any action that would interfere with or prejudice Licensor’s ownership or registration of the Licensed Marks, the validity of the Licensed Marks, or the validity of the License granted by this Agreement;
(c) apply for, or obtain, or assist any Third Party in applying for or obtaining any registration of the Licensed Marks, or any trademark, service xxxx, trade name, or other indicia confusingly similar to the Licensed Marks in any country;
(d) use the Licensed Marks outside the Licensed Field or outside the Territory; or
(e) use the Excluded Marks in any manner whatsoever.
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6. Marketing, Advertising, and Promotion.
6.1 Marketing and Advertising Requirements. Licensee shall ensure that its advertising, marketing, and promotion of the Licensed Services in no way reduces or diminishes the reputation, image, and prestige of the Licensed Marks or Licensor.
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6.2 Approval of Materials containing Licensed Marks. Upon request by Licensor, Licensee shall send to Licensor the text and layout of all advertisements, marketing and promotional material, samples, or other documentation relating to the Licensed Services. In the event that Licensor disapproves of use of Licensed Marks in any such material, it shall give written Notice of such disapproval to Licensee within thirty (30) days after Licensee’s delivery of such material to Licensor expressly for Licensor’s approval. Licensee shall not use any material in the advertising, marketing, promotion, or other business associated with Licensed Marks that has been disapproved by Licensor.
6.3 Cost of Business. Licensee shall bear the costs of all advertising, marketing, promotion, or other business associated with the Licensed Services in the Territory.
7.2 Actions. With respect to any of the matters listed in Section 7.1: (a) Licensor shall have the exclusive right, but not the obligation, to prosecute, defend, or settle in its sole and absolute discretion, all actions, proceedings, and claims; (b) Licensee shall provide Licensor with all assistance that Licensor may reasonably require in the conduct of any claims or proceedings; and (c) Licensor shall bear the cost of any proceedings against Third Parties and will be entitled to retain all sums recovered in any action for its own account.
8. Representations and Warranties.
(a) it is duly organized, validly existing, and in good standing as a corporation or other entity as represented herein under the Laws of its jurisdiction of incorporation or organization;
(b) it has the full right, power, and authority to enter into this Agreement and to perform its obligations hereunder;
(c) the execution of this Agreement by its representative whose signature is set forth at the end hereof has been duly authorized by all necessary corporate action of the party; and
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(d) when executed and delivered by such party, this Agreement will constitute the legal, valid, and binding obligation of such party, enforceable against such party in accordance with its terms, except that such enforceability may be limited by (i) applicable bankruptcy, insolvency, reorganization, moratorium, and similar Laws affecting creditors’ rights generally and (ii) equitable principles that may limit the availability of certain equitable remedies (such as specific performance) in certain instances.
(a) any Licensed Xxxx is valid;
(b) any Licensed Xxxx (if an application) shall proceed to grant or, if granted, shall be valid; or
(c) the exercise by Licensee of rights granted under this Agreement will not infringe the rights of any Person.
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Indemnified Party without such Indemnified Party’s prior written consent. If the Licensee fails or refuses to assume control of the defense of such Claim, the Indemnified Party has the right, but no obligation, to defend against such Claim, including settling such Claim after giving Notice to the Licensee, in each case in such manner and on such terms as the Indemnified Party may deem appropriate. Neither the Indemnified Party’s failure to perform any obligation under this Section 9.2 nor any Indemnified Party’s act or omission in the defense or settlement of any such Claim will relieve the Licensee of its obligations under this Section 9.2, including with respect to any Losses, except to the extent that the Licensee can demonstrate that it has been materially prejudiced as a result thereof.
(a) Licensee is not using any of the Licensed Marks in commerce;
(b) Licensee’s name and the names of its Related Parties do not include any word xxxx identified as a Licensed Xxxx;
(c) Licensee breaches this Agreement and if such breach is curable fails to cure such breach within fifteen (15) days of being notified in writing to do so;
(d) Licensee (i) becomes insolvent or admits its inability to pay its debts generally as they become due; (ii) becomes subject, voluntarily or involuntarily, to any proceeding under any domestic or foreign bankruptcy or insolvency law, which is not fully stayed within seven (7) business days or is not dismissed or vacated within forty-five (45) days after filing; (iii) is dissolved or liquidated or takes any corporate action for such purpose; (iv) makes a general assignment for the benefit of creditors; or (v) has a receiver, trustee, custodian, or similar agent appointed by order of any court of competent jurisdiction to take charge of or sell any material portion of its property or business; or
(e) Licensee challenges the validity or Licensor’s ownership of any of the Licensed Marks.
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11. Post-Termination Rights and Obligations.
(a) all rights and licenses granted pursuant to this Agreement cease;
(b) Licensee shall cease all use of the Licensed Marks;
(c) Licensee shall cooperate with Licensor in the cancellation of any licenses recorded pursuant to this Agreement and shall execute such documents and do all acts and things as may be necessary to affect such cancellation;
(d) Licensee shall promptly return to Licensor or, at Licensor’s option, destroy, at Licensee’s expense, all records and copies of technical and promotional material in its possession relating to the Licensed Services, and of any Confidential Information of Licensor and all copies thereof.
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| If to Licensor: | 0000 Xxxx Xxx Xxxx., Xxxxx 000 Xxxxxxx, Xxxxx 00000 Attention: Xxx Xxxxxx, VP Business Development Facsimile No.: (000) 000-0000 | |
| with a copy to (which shall not constitute Notice): | Apache Legal 0000 Xxxx Xxx Xxxx., Xxxxx 000 Xxxxxxx, Xxxxx 00000 Attention: General Counsel Telephone: (000 000-0000 Facsimile: (000) 000-0000 | |
| If to Licensee: | 0000 Xxxx Xxx Xxxx., Xxxxx 000 Xxxxxxx, Xxxxx 00000 Attention: Xxxxx Xxxxx Facsimile No.: (000) 000-0000 | |
| with a copy to (which shall not constitute Notice): | Apache Legal 0000 Xxxx Xxx Xxxx., Xxxxx 000 Xxxxxxx, Xxxxx 00000 Attention: General Counsel Telephone: (000 000-0000 Facsimile: (000) 000-0000 |
Notices shall be effective (i) if delivered personally or sent by courier service, upon actual receipt by the intended recipient, (ii) if mailed, upon the earlier of five (5) calendar days after deposit in the mail or the date of delivery as shown by the return receipt therefor, (iii) if sent by facsimile transmission, when confirmation of transmission is received, or (iv) if sent by electronic mail, when confirmation is received. Whenever any Notice is required to be given by Law or this Agreement, a written waiver thereof, signed by the Person entitled to Notice, whether before or after the time stated therein, shall be deemed equivalent to the giving of such Notice.
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13.6 Governing Law; Consent to Jurisdiction; Severability; Waiver of Jury Trial.
(a) This Agreement shall be governed by and construed and enforced in accordance with the Laws of the State of Texas without regard to the principles of conflicts of Law principles.
(b) The parties hereby irrevocably submit to the exclusive jurisdiction of the courts of the State of Texas and the federal courts of the United States of America, each located in Texas, over any dispute between or among the parties arising out of this Agreement, and the parties irrevocably agree that all such claims in respect of such dispute shall be heard and determined in such courts. The parties hereby irrevocably waive, to the fullest extent permitted by Law, any objection which they may now or hereafter have to the venue of any such dispute arising out of this Agreement brought in such court or any defense of inconvenient forum for the maintenance of such dispute. The parties agree that a judgment in any such dispute may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by Law.
(c) Should any term or provision of this Agreement for any reason be declared invalid or unenforceable, such decision shall not affect the validity or enforceability of any of the other terms or provisions of this Agreement, which other terms and provisions shall remain in full force and effect and the application of such invalid or unenforceable term or provision to Persons or circumstances other than those as to which it is held invalid or unenforceable shall be valid and be enforced to the fullest extent permitted by Law. If a final judgment of a court of competent jurisdiction declares that any term or provision of this Agreement is invalid or unenforceable, the parties agree that the court making such determination shall have
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the power to limit such term or provision, to delete specific words or phrases or to replace such term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision, and that this Agreement shall be valid and enforceable as so modified.
(d) EACH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LEGAL ACTION ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.
(a) This Agreement may not be amended except by an instrument in writing signed by or on behalf of both parties.
(b) If a provision or a defined term incorporated by reference into this Agreement is amended, supplemented, or modified in the agreement from which such provision or defined term is incorporated, such amendment, supplement, or modification shall have no effect on such provision or defined term as used in this Agreement unless such amendment, supplement, or modification is approved as provided in this Section 13.7.
[SIGNATURE PAGE FOLLOWS]
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| APACHE CORPORATION | ||
| By | /s/ Xxxxxxx X. Xxxxx | |
| Name: Xxxxxxx X. Xxxxx | ||
| Title: Chief Financial Officer and Executive Vice President | ||
| ALTUS MIDSTREAM LP | ||
| By: Altus Midstream GP LLC, its general partner | ||
| By: | /s/ Xxxxx X. Xxxx | |
| Name: Xxxxx X. Xxxx | ||
| Title: Chief Financial Officer |
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EXHIBIT 1 - Licensed Marks
| 1. ALPINE HIGH GATHERING
2. Alpine High Gathering Design
3. ALPINE HIGH NGL PIPELINE
4. ALPINE HIGH PIPELINE
5. Alpine High Pipeline Design
6. ALPINE HIGH PROCESSING
7. Alpine High Processing Design
8. Alpine High Subsidiary GP LLC
9. Altus Midstream Subsidiary GP LLC
10. ALTUS MIDSTREAM
11. ALTUS MIDSTREAM GATHERING
12. ALTUS MIDSTREAM PIPELINE
13. ALTUS MIDSTREAM NGL PIPELINE
14. ALTUS MIDSTREAM PROCESSING
15. Design Only Xxxx
|
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EXHIBIT 2 - Excluded Marks
| 1. ALPINE HIGH
2. ALPINE HIGH (Stylized)
3. ALPINE HIGH OIL PIPELINE
4. ALPINE HIGH POWER COMPANY |
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EXHIBIT 3 - Form Sublicense
This Trademark Sublicense Agreement (“Agreement”), dated as of of , (the “Sublicense Effective Date”), is by and between Altus Midstream LP, a Delaware limited partnership, with offices located at [ADDRESS] (“Sublicensor”) and [Identify the specific Related Party] a Delaware limited partnership, with offices located at [ADDRESS] (“Sublicensor”).
WHEREAS, Sublicensor is a party to a Trademark License Agreement (“License Agreement”), dated the 9th of November, 2018 with Apache Corporation, a Delaware corporation with offices located at 0000 Xxxx Xxx Xxxxxxxxx, Xxxxx 000, Xxxxxxx Xxxxx 00000 (“Licensor”) attached as Attachment A, pursuant to Section 2.3 of which it is authorized to grant a sublicense to Sublicensee.
1. Definitions
All capitalized terms not expressly defined in this Section 1 will have the meaning assigned to them in the License Agreement.
“License Agreement” has the meaning set forth in the recitals.
“Licensor” has the meaning set forth in the recitals.
“Sublicense Effective Date” has the meaning set forth in the preamble.
“Sublicensed Field” means [Insert the scope of business of the Sublicensee which must be limited to one or more of those in Licensed Field, as applicable to the business of Sublicensee].
“Sublicensed Marks” means one or more of the Licensed Marks as applicable to the business of Sublicensee and set forth (and only as set forth) in Attachment B of this Agreement, whether registered or unregistered, including the applications for those trademarks and any registrations which may be granted pursuant to such applications. For the avoidance of doubt, the Sublicensed Marks shall not include any Licensed Marks that are not identified in Attachment B, any domain names, or any trademark that is a derivative of the trademarks set forth in Attachment B, or any Excluded Xxxx.
“Sublicensee” has the meaning set forth in the preamble
“Sublicensor” has the meaning set forth in the preamble.
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| 2.1 | Sublicensor grants to Sublicensee, and the Sublicensee hereby accepts, a limited, non-exclusive, revocable, non-sublicensable, non-assignable, and royalty-free sublicense to use the Sublicensed Marks solely on or in connection with the Licensed Services in the Sublicensed Field in the Territory. |
| 2.2 | The sublicense granted in Section 2.1 shall not exceed the scope of the license granted to Sublicensor by Licensor pursuant to the License Agreement. Sublicensee expressly acknowledges and agrees that the sublicense granted in Section 2.1 is subject to all restrictions, limitations, and obligations applicable to Licensor set forth in the License Agreement, all of which are incorporated herein by reference, and Sublicensee agrees to comply with all obligations of Sublicensor under the License Agreement except as expressly stated herein. |
| 2.3 | Any use of the Sublicensed Marks by Sublicensee shall inure to the benefit of Licensor and qualifies as use by Licensor for the purposes of acquiring and maintaining rights in the Sublicensed Marks. Sublicensee acknowledges that Sublicensee shall not acquire any right, title, or interest in the Sublicensed Marks by virtue of this Agreement other than the sublicense granted hereunder, and Sublicensee hereby irrevocably assigns such rights to Licensor without further action by any of the parties. All goodwill and reputation generated by Sublicensee’s use of the Sublicensed Marks shall inure to the exclusive benefit of Licensor. Sublicensee shall not directly or indirectly contest, dispute, challenge, oppose, or seek to cancel Licensor’s right, title, and interest in and to the Sublicensed Marks. |
| 2.4 | Notwithstanding any other provision in this Agreement or the License Agreement, Sublicensee shall have no right or authority to sublicense the Sublicensed Marks. |
| 2.5 | No license or other right is or will be created or granted under this Agreement by implication, estoppels or otherwise. All licenses and rights are or will be granted only as expressly provided in this Sublicense Agreement. |
| 3.1 | Sublicensee acknowledges and is familiar with the high standards, quality, style, and image of Licensor and the Sublicensed Marks, and Sublicensee shall, at all times, conduct its business and use the Sublicensed Marks in accordance with quality standards that are substantially equivalent to or stricter than those standards used by Licensor for the goods and services offered by it in commerce. |
| 3.2 | In exercising its rights under this Agreement, Sublicensee agrees that the business operated by it in connection with the Sublicensed Marks shall comply with all Laws and requirements of any Governmental Entity in the Territory or elsewhere as may be applicable to the operation of its businesses and shall notify Sublicensor of any action that must be taken to comply with such Laws or requirements. Sublicensee shall promptly provide Sublicensor and Licensor with copies of all communications with any Governmental Entity relating to the Sublicensed Marks or the products and services provided by Sublicensee under the Sublicensed Marks. |
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| 3.3 | Sublicensee shall permit and shall use its best efforts to obtain permission for, Licensor at all reasonable times and on reasonable notice to inspect Sublicensee’s operations under the Sublicensed Marks to ensure compliance with the specifications, standards, and guidance promulgated by Licensor from time to time as relating to the Sublicensed Marks and with other requirements set forth in this Agreement. |
| 3.4 | Sublicensee shall ensure that its advertising, marketing, and promotion of the Licensed Services in no way reduces or diminishes the reputation, image, and prestige of the Sublicensed Marks or Licensor. |
4. Relationship with the License Agreement
| 4.1 | Sublicensee acknowledges and agrees that this Agreement is subject to and subordinate to the License Agreement. Sublicensee hereby confirms that it has reviewed the terms and conditions of the License Agreement and agree to not perform any acts or omissions that would place Sublicensor in breach of the License Agreement. |
5. Representations and Warranties.
| 5.1 |
| (a) | any Sublicensed Xxxx is valid; |
| (b) | any Sublicensed Xxxx (if an application) shall proceed to grant or, if granted, shall be valid; or |
| (c) | the exercise by Licensee of rights granted under this Agreement will not infringe the rights of any Person. |
| 6.1 | Sublicensee shall indemnify, defend, and hold harmless each Indemnified Party from and against all Losses arising out of or in connection with any Claim relating to: (a) any actual or alleged breach by Sublicensee of any representation, warranty, covenant, or obligation under this Agreement; or (b) Sublicensee’s exercise of its rights granted under this Agreement, including any product liability claim or infringement, dilution, or other violation of any intellectual property rights relating to the production, advertising, marketing, transportation, supply and distribution, sale, or other uses of Licensed Services in the Territory. |
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| 7.1 | This Agreement will commence as of the Sublicense Effective Date and be coterminous with the License Agreement, unless sooner terminated by the Sublicensor. |
| 7.2 | This Agreement will automatically terminate with respect to each of the Sublicensed Xxxx upon the later of: |
| (a) | Sublicensee’s cessation of use of such Sublicensed Xxxx in commerce; or |
| (b) | Sublicensee’s change of name in its jurisdiction of organization to a name that does not include such Sublicensed Xxxx. |
8. Governing Law; Consent to Jurisdiction; Severability; Waiver of Jury Trial.
| 8.1 | This Agreement shall be governed by and construed and enforced in accordance with the Laws of the State of Texas without regard to the principles of conflicts of Law; provided, however, that no Law, theory, or public policy shall be given effect which would undermine, diminish, or reduce the effectiveness of the waiver of damages provided in the License Agreement, it being the express intent, understanding, and agreement of the parties that such waiver is to be given the fullest effect, notwithstanding the negligence (whether sole, joint, or concurrent), gross negligence, willful misconduct, strict liability, or other legal fault of any party. |
| 8.2 | The parties hereby irrevocably submit to the exclusive jurisdiction of the courts of the State of Texas and the federal courts of the United States of America, each located in Texas, over any dispute between or among the parties arising out of this Agreement, and the parties irrevocably agree that all such claims in respect of such dispute shall be heard and determined in such courts. The parties hereby irrevocably waive, to the fullest extent permitted by Law, any objection which they may now or hereafter have to the venue of any such dispute arising out of this Agreement brought in such court or any defense of inconvenient forum for the maintenance of such dispute. The parties agree that a judgment in any such dispute may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by Law. |
| 8.3 | EACH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LEGAL ACTION ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. |
[SIGNATURE PAGE FOLLOWS]
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| SUBLICENSOR: | ||||
| By |
| |||
| Name: | ||||
| Title: | ||||
| SUBLICENSEE: | ||||
| By |
| |||
| Name: | ||||
| Title: |
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Attachment A
[Copy of the License Agreement]
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Attachment B
[Insert only the Licensed Marks that are applicable to the business of the Sublicensee].
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