INTELLECTUAL PROPERTY AGREEMENT
CONFIDENTIAL TREATMENT REQUESTED UNDER
C.F.R. SECTIONS 200.80(b)(4), 200.83 AND 230.406.
[*****] INDICATES OMITTED MATERIAL THAT IS THE
SUBJECT OF A CONFIDENTIAL TREATMENT REQUEST
FILED SEPARATELY WITH THE COMMISSION.
THE OMITTED MATERIAL HAS BEEN FILED
SEPARATELY WITH THE COMMISSION.
C.F.R. SECTIONS 200.80(b)(4), 200.83 AND 230.406.
[*****] INDICATES OMITTED MATERIAL THAT IS THE
SUBJECT OF A CONFIDENTIAL TREATMENT REQUEST
FILED SEPARATELY WITH THE COMMISSION.
THE OMITTED MATERIAL HAS BEEN FILED
SEPARATELY WITH THE COMMISSION.
Exhibit 10.57
This INTELLECTUAL PROPERTY AGREEMENT is made, effective as of the ___day of ,2008 (the
“Effective Date”), by and between Sampras Corporation, a Kansas corporation (“Sampras”), and NewCo
LLC, a Delaware limited liability company (“NewCo”).
RECITALS
X. Xxxxxxx and other entities have entered into a Transaction Agreement and Plan of Merger
having an execution date of May , 2008 (“TAPM”).
B. Pursuant to the TAPM, NewCo will be formed and Sampras desires to enter into this
agreement with Newco with respect to patents, trademarks, software and proprietary information.
Sampras and NewCo agree as follows:
ARTICLE 1
DEFINITIONS
DEFINITIONS
Section 1.01 Definitions. Terms used in this agreement with initial capital letters have the
meanings set forth or cross-referenced below.
“Assigned Patents” means the Sampras Patents used exclusively in WiMAX or listed in
Exhibit A, and including any and all continuations, continuations-in-part, divisions,
reissues, reexaminations and renewals of any of them, and any foreign counterparts of any of the
foregoing and any patents resulting from such inventions or patent applications.
“Controlled Affiliate” means, with respect to any Person, any other legal entity that is
directly or indirectly Controlled by that Person.
“Control” (including the correlative terms “controlling”, “controlled by” and “under common
control with”) means the possession, directly or indirectly, of the power to direct or cause the
direction ofthe management and policies of a legal entity, whether through the ownership of
voting securities, by contract or otherwise.
“Covenant Term”
means ten years from the Effective Date or for so long as Sampras has an
ownership interest in Newco, whichever is longer, except that with respect to the Sampras VOIP
Patents it means fifteen years from the Effective Date or for so long as Sampras has an ownership
interest in Newco, whichever is longer.
“Derivative Works” means work based upon one or more preexisting works or any other form
in which a work may be recast, transformed, or adapted.
“Group” means either the Sampras Group or the NewCo Group, as the context requires.
“Materials” means documents, specifications, designs, plans, drawings or other tangible works
of authorship, including any of the foregoing materials in electronic form, and any copyright
rights therein (whether or not registered); except that, Materials does not include Software.
“NewCo Corporation” means NewCo Corporation, a Delaware corporation, which is the parent
company of NewCo.
“NewCo Group” means, at any given time, NewCo Corporation and all Persons in which NewCo
Corporation is the owner, directly or indirectly, of at least 50% of the Person’s Voting Stock.
“Newco Patents” means the following patents, but only if they are not Assigned Patents: a)
patents owned by any NewCo Group member on the Effective Date; b) patents that issue from patent
applications filed prior to the Effective Date that are owned by a NewCo Group member on the
Effective Date; and (c) patents that issue from patent applications based on inventions conceived
or reduced to practice prior to the Effective Date that are owned by a NewCo Group member on the
Effective Date. Newco Patents include any and all continuations, continuations-in-part, divisions,
reissues, reexaminations and renewals thereof and any foreign counterparts of any of the foregoing.
“Person” means an individual, a general or limited partnership, a corporation, a trust, a
joint venture, an unincorporated organization, a limited liability entity, any other entity or
governmental authority.
“Proprietary Information” means business, technical or other information, existing as of the
Effective Date, including information contained in Materials, which is proprietary to one or more
members of either or both Groups and that derives economic value, actual or potential, from not
being generally known to, and not being readily ascertainable by proper means by, other persons who
can obtain economic value from its disclosure or use, and which is the subject of efforts that are
reasonable under the circumstances to maintain its secrecy.
“Rejection” has the meaning set forth in Section 9.13
“Sprint Restricted Entity” means any of the following (including any Controlled Affiliate of
the following and any successor (whether by merger, operation of law or otherwise) to any of the
following or any of their Controlled Affiliates): [*****].
“Sampras Group” means, at any given time, Sampras and all Persons in which Sampras is the
owner, directly or indirectly, of at least 50% of the Person’s Voting Stock, except that it does
not mean NewCo or any member of the NewCo Group.
“Sampras Marks” has the meaning set forth in Section 4.03.
“Sampras Patents” means the following patents, but only if they are not NewCo Patents: (a)
patents owned by any Sampras Group member on the Effective Date; (b) patents that issue from patent
applications filed prior to the Effective Date that are owned by a Sampras Group member on the
Effective Date; and (c) patents that issue from patent applications based on inventions conceived
or reduced to practice prior to the Effective Date that are owned by a
2
Sampras Group member on the Effective Date. Sampras Patents include any and all continuations,
continuations-in-part, divisions, reissues, reexaminations and renewals thereof and any foreign
counterparts of any of the foregoing.
“Sampras Software” has the meaning set forth in Section 5.01.
“Sampras VOIP Patents” means any Sampras Patents that relate to voice over Internet protocol
telephony (“VOIP”), including but not limited to
those listed in Exhibit H, and any other patents
relating to VOIP issued after the Effective Date, and during the Covenant Term.
“Software” means (a) all computer software and programs, including source and object code,
and (c) all documentation, if any, related thereto.
“Third Party” means any Person other than a member of a Group.
ARTICLE 2
PATENT TRANSFER
PATENT TRANSFER
Section 2.01 Patent Transfer to NewCo. Sampras hereby assigns and will cause each Sampras
Group member to assign to the NewCo Group member designated by NewCo, subject to any rights of
Third Parties existing on the Effective Date, all the Sampras Group’s right, title and interest in
the Assigned Patents. To the best of Sampras’ knowledge, there are no Third Party rights or claims
in the Assigned Patents. In the event there is a material Third Party right in any Assigned
Patent, Sampras will give Newco reasonable notice of such right. Following execution of the
assignment, NewCo shall assume all responsibility and expenses associated with processing and
pursuing the Assigned Patents.
Section 2.02 Exhibit A. To the best of Sampras’ knowledge, Exhibit A is a complete
list of all Assigned Patents. Sampras shall, from time to time, revise Exhibit A to
include all Assigned Patents that were not included on Exhibit A as of the Effective
Date, and shall act reasonably in considering any written request by Newco for inclusion of a
Sampras Patent which NewCo has reason to assert is an Assigned Patent.
Section 2.03 Cooperation.
(a) Sampras will reasonably cooperate with NewCo, and will cause all applicable Sampras Group
members, agents and counsel to reasonably cooperate with NewCo, at NewCo’s expense with respect to
Third Party costs, in connection with (i) the preparation, filing, prosecution, maintenance and
defense of the NewCo Patents, and (ii) any suit for infringement of the NewCo Patents brought by
any NewCo Group member against a Third Party, and (iii) executing any applicable documents
requested by NewCo to perfect ownership and register patent assignments with any patent office.
(b) NewCo will reasonably cooperate with Sampras, and will cause all NewCo Group members,
agents and counsel to reasonably cooperate with Sampras, at Sampras’s expense with respect to Third
Party costs, in connection with (i) the preparation, filing, prosecution, maintenance and defense
of the Sampras Patents, and (ii) any suit for infringement of the Sampras Patents brought by a
Sampras Group member against a Third Party, and (iii) executing
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any applicable documents requested
by Sampras to perfect ownership and register patent assignments with any patent office.
(c) Each party may make available to the other party, on written request, that party’s
patents, for use by the requesting party in defending against a Third Party patent infringement
claim. The party receiving such a request will use commercially reasonable efforts to agree to the
request. However, neither party is under a requirement to actually agree to such a request. The
requesting party will bear all costs of such cooperation. For purposes of clarification, given the
strategic relationship between the parties, each party expects to assert its patents for the
benefit of the other, unless the requested party, after commercially reasonable deliberations,
determines that such assertion is not in its reasonable best interests.
ARTICLE 3
NON ASSERTS
NON ASSERTS
Section 3.01 Non Asserts.
X. Xxxxxxx Covenant. For the Covenant Term, Sampras, on behalf of itself and all Sampras Group
members, agrees not to bring, assert or commence against NewCo or any NewCo Group member any claim,
action or proceeding alleging that NewCo is making, using or selling, offering to sell, importing,
or otherwise infringing on the rights of any Sampras Patents or any Sampras VOIP Patents (the
“Sampras Covenant”). The Sampras Covenant will terminate immediately if Newco is acquired or
controlled by a Sprint Restricted Entity other than Sampras or a member of the Sampras Group.
B. Assigned Patents Covenant. For the term of the Assigned Patents, NewCo, on behalf of itself
and all NewCo Group members, agrees not to bring, assert or commence against Sampras or any Sampras
Group member any claim action or proceeding alleging that Sampras is making, using or selling,
offering to sell, importing, or otherwise infringing on the rights of any of the Assigned Patents
including any continuations, divisionals or any patent which claims priority to any assigned
patents or patent applications. Unless this Agreement is terminated by NewCo as a result of a
material breach by Sampras, this Section shall survive the termination of this Agreement.
C. Newco Covenant. For the Covenant Term, NewCo, on behalf of itself and all NewCo Group
members, agrees not to bring, assert or commence against Sampras or and Sampras Group member any
claim action or proceeding alleging that Sampras is making, using or selling, offering to sell,
importing, or otherwise infringing on the rights of any NewCo Patent
(the “Newco Covenant”). The
Newco Covenant will terminate immediately if Sampras is acquired or controlled by a Restricted
Entity.
X. Xxxxxxx and NewCo agree that no damages for patent infringement, or claims to patent
royalties, in respect of the patents subject to this Agreement, shall accrue during the period
in which this Non-Assert Section is in effect.
Section 3.02 Third Parties and Sampras VOIP Patents.
(a) While a covenant of this Article 3 remains in effect:
4
(i) With respect to patents that Sampras has agreed not to assert against
NewCo, the non assert will also extend to (a) selling by any Person that is
authorized to sell NewCo services but only as to the NewCo services being sold, and
not any services or products of any Third Party, and (b) use by any client or
customer that has the right to use NewCo services. For the avoidance of doubt
Sampras may pursue claims against a Third Party who uses NewCo’s services in the
conduct of such Third Party’s business in combination with a service not provided by
NewCo, which combined use infringes a Sampras patent, solely to the extent such
infringement would not have occurred but for such combination. For further avoidance
of doubt, Sampras will not have a claim against a NewCo customer that uses only the
NewCo service(s).
(ii) With respect to patents that NewCo has agreed not to assert against
Sampras, the non assert will also extend to (a) selling by any Person that is
authorized to sell Sampras services but only as to the Sampras services being sold,
and not any services or products of any Third Party, and (b) use by any client or
customer that has the right to use Sampras services. For the avoidance of doubt NewCo
may pursue claims against a Third Party who uses Sampras’ services in combination
with a service not provided by Sampras, which combined use infringes a NewCo patent,
solely to the extent such infringement would not have occurred but for such
combination. For further avoidance of doubt, NewCo will not have a claim against a
Sampras customer that uses only the Sampras service(s).
(iii) If, after the Effective Date, any party grants any Third Party the right
to enforce a patent, through assignment or otherwise, then that party will obligate
the Third Party to honor the provisions of this Article 3 and will take all
necessary steps to ensure that the Third Party has the same obligation not to assert
that patent.
(b) Sampras may update Exhibit H from time to time during the Covenant Term. NewCo may
request no more often than annually that Sampras update Exhibit H. Within 30 days of receipt of
the request, Sampras will update Exhibit H.
ARTICLE 4
TRADEMARK TERMS AND CONDITIONS
TRADEMARK TERMS AND CONDITIONS
Section 4.01 Trademarks Assignment.
(a) Sampras hereby assigns and will cause each applicable Sampras Group member to assign to
the NewCo Group member designated by NewCo, all of their right, title and interest in the
trademarks identified on Exhibit B (“Trademarks”) and all associated goodwill and related
trademark registrations and applications worldwide, free and clear of all liens and encumbrances,
and including the sole right to xxx for past infringements of the Exhibit B marks and
logos. To the best of Sampras’ knowledge, Exhibit B is a complete list of all
XOHM-formative trademarks
5
owned by any member of the Sampras Group other than any composite trademarks that incorporate
“Sprint”. Sampras shall, from time to time, revise Exhibit B to include all
XOHM-formative-trademarks that were not included on Exhibit B as of the Effective
Date (other than any composite trademarks that incorporate “Sprint”), and shall act
reasonably in considering any written request by Newco for inclusion of a XOHM-formative
trademark which NewCo has reason to assert is an
XOHM-formative-trademark that does not
incorporate “Sprint” and that should be included in the Trademarks.
(b) Within the later of 5 business days of this Agreement, or after NewCo designates the
NewCo Group member to receive the assignment, Sampras will cause the applicable Sampras Group
member to sign and deliver the Memorandum of Assignment attached as Exhibit C. NewCo will
record the Memorandum of Assignment in its sole discretion and at NewCo’s sole expense. Sampras
will cause the applicable Sampras Group member to take additional steps and to sign additional
documents as reasonably requested by NewCo to perfect this trademark assignment worldwide.
(c) The parties agree and acknowledge that the Marks identified on Exhibit B are
being assigned together with the portion of the business identified by those trademarks and
substantial tangible assets embodying that business.
(d) The Sampras Group members may exhaust current inventories of materials featuring the
Exhibit B Marks for 3 months after the effective date of this Agreement. After that time, Sampras
may only use the Exhibit B marks under a written trademark license from NewCo.
Section 4.02 Domain Names. Within 5 business days of this Agreement, Sampras will cause each
applicable Sampras Group member to commence the transfer of the Domain Names listed on Exhibit D to
NewCo. Sampras will cause the applicable Sprint Group member to perform all steps reasonably
required by the applicable registrar(s) to promptly complete the transfer of the Domain Names at
NewCo’s ultimate expense. NewCo will reasonably cooperate with the Sampras Group member’s efforts
to transfer the Domain Names.
Section 4.03 Sampras-Branded Materials. NewCo Group members may exhaust current inventories of
materials featuring Sampras trademarks, service marks, logos and taglines (“Sampras Marks”) for 3
months after the effective date of this Agreement. After that time, NewCo may only use the Sampras
Marks under a written trademark license from Sampras.
ARTICLES 5
SOFTWARE
SOFTWARE
Section 5.01 Software Transfer to NewCo. Sampras hereby assigns and will cause each Sampras
Group member to assign to the NewCo member designated by NewCo, subject to any applicable rights of
Third Parties existing on the Effective Date, all right, title and interest in any Software that is
either i) listed on Exhibit E; or ii) is existing as of the Effective Date which is owned
by a member of the Sampras Group and is used in or is being developed for Sampras WiMAX business
but is not in use or anticipated to be used by any other Sampras Group member in connection
with a business other than the Sampras WiMAX business. Software
6
includes the entire software application. Portions of a Software application are not
separately assignable unless the entire Software application is assigned. All other proprietary
software owned by Sampras or any Sampras Group member prior to the Effective Date (the “Sampras
Software”) is and will remain the exclusive property of the Sampras Group.
Section 5.02 Software License Grant to NewCo. Sampras hereby grants, and will cause each
Sampras Group member that owns Sampras Software licensed by this Section to grant, to any Newco
Group member a non-exclusive, fully paid-up, worldwide, perpetual and irrevocable license to
reproduce, distribute, publicly perform and display, prepare Derivative Works, transmit and
exercise any other rights to any Sampras Software that is identified
in Exhibit F, or ii) is
existing as the Effective Date which is owned by the Sampras Group and is used by a Newco Group
member and which may be used by any Sampras Group member. Any limitations on this license will be
identified in Exhibit F.
Section 5.03 Software License Grant to Sampras. NewCo hereby grants, and will cause each NewCo
Group member that owns NewCo Software licensed by this Section to grant, to any Sampras Group
member a non-exclusive, fully paid-up, worldwide, perpetual and irrevocable license to reproduce,
distribute, publicly perform and display, prepare Derivative Works, transmit and exercise any other
rights to any NewCo Software that is identified in
Exhibit G. Any limitations on this license will
be identified in Exhibit G.
Section 5.04 Source Code. Sampras shall, upon the prior written request of a NewCo Group
member, promptly provide the requesting NewCo Group member with a current, accurate and
verifiable copy of the source code, in human readable form, to the Software transferred pursuant
to Section 5.01 or, to the extent reasonable to do so,
licensed to NewCo pursuant to Section 5.02
and all supporting documentation and other materials related thereto (in each case, including
only those lbird Party tools, documentation and other materials that Sampras has the right to
provide) reasonably necessary for a developer to maintain, update, upgrade and utilize the
transferred Software.
ARTICLE 6
PROPRIETARY INFORMATION AND MATERIALS
PROPRIETARY INFORMATION AND MATERIALS
Section 6.01 Proprietary Information and Materials Transfer to NewCo. Sampras hereby assigns
and will cause each Sampras Group member to assign to the NewCo Group member designated by NewCo,
subject to any applicable rights of Third Parties existing on the Effective Date, all right title
and interest to any Proprietary Information and Materials existing as of the Effective Date owned
by a Sampras Group member that is either i) Proprietary Information and Materials (for example,
software specifications, manuals, design documents) associated with Software to be assigned to
Newco pursuant to Article 5; or ii) used or is being developed for the Sampras WiMAX business. but
is not in use or anticipated to be used by any Sampras Group member in connection with a business
other than the Sampras WiMAX Business.
Section 6.02 License Grant to Newco for Proprietary Information and Materials. Sampras hereby
grants, and will cause each Sampras Group member that owns Sampras Proprietary Information or
Sampras Materials licensed by this Section to grant to each Newco
7
Group member a non-exclusive, fully paid-up, worldwide, perpetual and irrevocable license to
use and disclose in any manner any Sampras Proprietary Information and to reproduce, distribute,
publicly perform, display, prepare Derivative Works, transmit and exercise any other rights to any
Sampras Materials that, for the Proprietary Information and the Materials as of the Effective Date
are listed in Exhibit F or are either in use by the Sampras WiMAX Business to provide or support
operations of any the Sampras WiMAX Business or are reasonably required for the Sampras WiMAX
Business and in each case that Sampras is not willing to providing through a services agreement.
Any limitations on this license will be identified in Exhibit F.
Section 6.03
License Grant to Sampras for Proprietary Information and Materials. Newco hereby grants,
and will cause each Newco Group member that owns Newco Proprietary
Information or Newco Materials licensed by this Section to grant to each Sampras Group member a
non-exclusive, fully paid-up, worldwide, perpetual and irrevocable license to use and disclose in
any manner any Newco Proprietary Information and to reproduce, distribute, publicly perform,
display, prepare Derivative Works, transmit and exercise any other rights to any Newco Materials
that, for the Proprietary Information and the Materials as of the Effective Date are listed in
Exhibit G or are either in use to provide or support operations of any the Sampras business, or are
reasonably required for the Sampras business. Any limitations on this license will be identified in
Exhibit G.
ARTICLE 7
LIMITED WARRANTIES, INDEMNITY AND REPRESENTATIONS
LIMITED WARRANTIES, INDEMNITY AND REPRESENTATIONS
Section 7.01 Rights Granted “AS IS”. Except as otherwise provided in this section, all
intellectual property, whether through assignment, license or otherwise that is covered by this
agreement is furnished “AS IS,” without any representations, warranties or indemnification
obligations of any kind whatsoever by or on behalf of the Sampras Group except as follows:
(a) Sampras has no knowledge of any initial or final action by any trademark registration
authority, or of any substantive challenge, opposition, or objection by any Third Party, which,
if sustained, would prevent the registration, use, or enforcement of
any of the Trademarks listed on Schedule B in connection with the business of NewCo
in any of the jurisdictions identified in Schedule B.
(b) Sampras has no knowledge of any initial or final action by any patent registration
authority, or of any substantive challenge, opposition, or objection by any third party, which, if
sustained, would prevent the registration, use, or enforcement of any
of the Assigned Patent listed
on Schedule A in connection with the business of NewCo in any of the jurisdictions identified in
Schedule A.
(c) Sampras
warrants that neither it nor any other member of the Sampras Group has assigned,
licensed or otherwise transferred any rights in the Assigned Patents, Trade marks or Software, to
any Third Party.
Section 7.02 Disclaimer of Implied Warranties. Each Group assumes total responsibility
and risk for its use of any intellectual property covered by this agreement.
8
Neither Group makes, and each Group expressly disclaims, any implied warranties of any kind
whatsoever, including, but not limited to, implied warranties of merchantability or fitness for a
particular purpose, implied warranties of title or non-infringement, or any implied warranty that
the intellectual property is “error free.”
ARTICLE 8
CLAIMS AND DISPUTES
CLAIMS AND DISPUTES
Section 8.01 Equitable Remedies. Money damages alone will not be an adequate remedy if a
Group member exceeds the scope of its rights granted by this agreement for any other breach or
threatened breach of any obligation under this agreement. In addition to any other remedies at
law a non-breaching Group member is entitled to seek injunctive relief against any continued
action by the other Person.
Section 8.02 Notice. Any notice, demand, claim or other communication under this agreement
must be in writing and will be given (i) on the delivery if delivered personally; (ii) five days
after mailing if sent by registered or certified mail, return receipt requested, postage prepaid;
(iii) on the date when delivery is guaranteed by the carrier if delivered by a national courier
guaranteeing delivery within a fixed number of days of sending; or (iv) on the date when
facsimile transmission is confirmed by the receiving machine if transmitted by facsimile machine
and conformed by delivery by one of the prior methods; but, in each case, only if addressed as
follows (or as a party may specify by notice to the other):
If to Sampras:
Sampras
Corporation
[To be completed at time of execution]
Attn: General Counsel
Facsimile:
[To be completed at time of execution]
Attn: General Counsel
Facsimile:
With
a copy to:
Sampras Corporation
[To be completed at time of execution]
Attn: Vice President — Law: Intellectual Property
Facsimile:
[To be completed at time of execution]
Attn: Vice President — Law: Intellectual Property
Facsimile:
If to NewCo:
With a copy to:
9
(a) Any notice to Sampras will be notice to all members of the Sampras Group, and any notice
to NewCo will be notice to all members of the NewCo Group.
Section 8.03 Any notice, demand, claim or other communication under this agreement must be
given as provided in the Software and Proprietary Information Agreement.
ARTICLE 9
MISCELLANEOUS
MISCELLANEOUS
Section 9.01 Amendment. This agreement may not be amended except by a writing executed by
the Parties.
Section 9.02 Governing Law. The validity, interpretation and enforcement of this agreement
will be governed by the laws of the State of Delaware, without giving effect to its provisions
relating to choice of law.
Section 9.03 Priority of Agreements. If there is a conflict between any provision of this
agreement and the TAPM (or any other agreement referred to in the TAPM), the provisions of this
agreement will control.
Section 9.04 Assignment. This agreement cannot be assigned by either party without the other
party’s prior written consent except that any party can assign this agreement (i) to any member of
its Group (but only for so long as the assignee remains a Group member) or (ii) in the event of a
merger or acquisition so long as the acquiring party is not a Sprint Restricted Entity. This
agreement is binding on and will inure to the benefit of and be enforceable by Sampras, NewCo, the
members of their Groups (so long as they remain in the Group and thereafter as provided in this
agreement), and their successors and permitted assigns.
Section 9.05 No Third Party Beneficiaries. This agreement is solely for the benefit of
Sampras, NewCo and the members and former members of their Groups and does not confer any rights or
remedies on Third Parties (including any employees of any Sampras Group member or any NewCo Group
member).
Section 9.06 Entire Agreement. This agreement is the entire agreement among the NewCo Group
and the Sampras Group relating to the intellectual property. No prior understandings, whether
written or oral, will be binding on any Group member unless in writing signed on or after the date
of this agreement. Except as Expressly provided in this Agreement, no other rights are granted.
Section 9.07 Counterparts. This agreement may be executed in multiple counterparts, each of
which will be an original, but all of which together will constitute one instrument. Each
counterpart may consist of several copies each signed by less than all, but together signed by all,
the parties.
Section 9.08 No Waiver. The failure of any group member to exercise any right, power or
remedy is not a waiver of any other right, power or remedy.
10
Section 9.09 Rules of Construction. This agreement will be fairly interpreted in
accordance with its tenus and without any construction in favor of or against either party.
Section 9.10 No Other Enforcement Required. This agreement does not require any member of any
Group to enforce or otherwise assert any patents or other intellectual property rights against any
Third Party.
Section
9.11 Further Assurances. At the request of the other, each Party will execute and
deliver or cause the members of its Group to execute and deliver any further documents reasonably
necessary to vest title to patents, patent applications and inventions as provided in this
agreement.
Section 9.12 Specific Performance and Other Remedies. Each Party acknowledges that the rights
of each Party to consummate the Transactions are special, unique and of extraordinary character and
that, if any Party violates or fails or refuses to perform any covenant or agreement made by it in
this Agreement, the non-breaching Party or Parties may be without an adequate remedy at law. If any
Party violates or fails or refuses to perform any covenant or agreement made by the Party in this
Agreement, the non-breaching Party or Parties may, subject to the terms of this Agreement and in
addition to any remedy at law for damages or other relief, institute and prosecute an Action in any
court of competent jurisdiction to enforce specific performance of the covenant or agreement or
seek any other equitable relief.
Section 9.13 Bankruptcy. All covenants not to assert granted hereunder are intended to be and
should be considered rights protected by Section 365(n) of the Bankruptcy Code, 11 U.S.C. § 101 et
seq. (“365(n)”). All rights under this agreement will be deemed to exist immediately before the
occurrence of any bankruptcy case in which a member of the Sampras Group or a member of the NewCo
Group is a debtor. Each non-debtor will retain and may fully exercise all of its rights and
elections under the Bankruptcy Code or equivalent legislation in any other jurisdiction. Without
limiting the generality of the foregoing, to the maximum extent permitted by law, the covenants not
to assert granted by this agreement will not be affected by a rejection of this agreement in
bankruptcy, and will continue subject to the terms and conditions of this agreement. If this
agreement is rejected or deemed rejected in a bankruptcy proceeding
(a “Rejection”), the debtor will provide written notice thereof to the non-debtor. If any
rights under this agreement are determined by a bankruptcy court not to be “intellectual property”
rights for purposes of Section 365(n), all of those rights will remain vested in, and fully
retained by, the non-debtor party after any Rejection.
Section 9.14 Severability. Any provision of this Agreement that is prohibited or
unenforceable in any jurisdiction will, as to the jurisdiction, be ineffective to the extent of
the prohibition or unenforceability without invalidating the remaining provisions of this
Agreement, and any prohibition or unenforceability in one jurisdiction will not invalidate or
render unenforceable the provision in any other jurisdiction. If permitted by Law, each Party
waives any provision of Law that renders any provision prohibited or unenforceable in any
respect.
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[Signature Page Follows]
12
IN WITNESS WHEREOF, the parties hereto have executed and delivered this agreement
as of , 2008.
SAMPRAS CORPORATION |
||||
By /s/ | ||||
Name: | ||||
Title: | ||||
NEWCO LLC |
||||
By /s/ | ||||
Name: | ||||
Title: |
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Exhibit A
[*****]
Exhibit B
SCHEDULE OF TRADEMARKS
Xxxx | Country | Application Serial No. | ||
XOHM |
Argentina | 2766033 | ||
2766034 | ||||
2766035 | ||||
XOHM |
Brazil | 829261044 | ||
829261028 | ||||
829261001 | ||||
XOHM |
Canada | 1356905 | ||
XOHM |
Chile | 784905 | ||
784906 | ||||
XOHM |
China | 6226500 | ||
6226505 | ||||
6226501 | ||||
XOHM |
European Community | 006277321 | ||
XOHM |
India | 0000000 | ||
XOHM |
Japan | 83919/2007 | ||
XXXX |
Xxxxxx | 000000 | ||
872136 | ||||
872137 | ||||
XOHM |
Thailand | 670504 | ||
670505 | ||||
670506 | ||||
XOHM |
United States | 77/088082 | ||
XOHM logo |
Argentina | 2766036 | ||
2766037 | ||||
2766038 | ||||
XOHM logo |
Brazil | 829261052 | ||
829261036 | ||||
829261010 | ||||
XOHM logo |
Canada | 135906 | ||
XOHM logo |
Chile | 784904 | ||
784907 | ||||
XOHM logo |
China | 6226502 | ||
6226503 | ||||
6226504 | ||||
XOHM logo |
European Community | 006277339 | ||
XOHM logo |
India | 1592783 | ||
XOHM logo |
Japan | 83918/2007 | ||
XOHM logo |
Mexico | 872134 | ||
872133 | ||||
872132 | ||||
XOHM logo |
Thailand | 670509 | ||
670508 | ||||
670507 | ||||
XOHM logo |
United States | 77/212251 | ||
XOHM HERE. LIFE BETTER |
United States | 77395002 |
15
Exhibit C
MEMORANDUM OF ASSIGNMENT
This Trademark Assignment from Carolina Ventures, Inc. and [other Sampras entity(ies)]
(“Assignors”) to [NewCo information] (“NewCo”) is effective March _, 2008.
a. Assignors own all rights in the trademarks set forth on the attached Schedule (the
“Marks”), and Carolina Ventures, Inc., as a related party acting on behalf of itself and the other
named Assignor(s) is the applicant/registrant of the associated trademark applications and
registrations identified on the attached Schedule.
b. NewCo wants to acquire Assignors’ right, title and interest in the Marks and the
associated goodwill, together with the portion of Assignors’ business identified by the Marks.
THEREFORE, for good and valuable consideration, the receipt of which is hereby acknowledged,
Assignors irrevocably assign to NewCo all rights, title and interest in and to the Marks, the
goodwill of the business associated with the Marks, and the related trademark registrations and
applications.
ASSIGNOR: | . | |||
By: | ||||
Name: | ||||
Title: | ||||
Date: | ||||
[Add corporate acknowledgement(s)]
Exhibit D
DOMAIN NAMES
[TBD]
16
Exhibit E
Software Transferred to NewCo
17
Exhibit F
Software Licenses Granted to NewCo
And
Licenses Granted to Newco for Proprietary Information and Materials
And
Licenses Granted to Newco for Proprietary Information and Materials
18
Exhibit G
Software Licenses Granted to Sampras
And
Licenses Granted to Sampras for Proprietary Information and Materials
And
Licenses Granted to Sampras for Proprietary Information and Materials
19
Exhibit H
[*****]