LICENSE AGREEMENT
This Agreement, made at Hartford, Connecticut, this 2nd day of March ,
1973, by and between Aetna Life Insurance Company, a Connecticut corporation
with a principal place of business at Hartford, Connecticut ("Aetna"), and Aetna
Income Shares, Inc. (the "Fund"), a Maryland corporation with a principal place
of business at Hartford, Connecticut, WITNESSETH:
WHEREAS, Aetna Life Insurance Company and its affiliates have for many
years been engaged in life insurance and other forms of the insurance business
and related financial services, and the name " Aetna " has become associated
with the high quality of insurance and financial services provided by Aetna and
its affiliates;
WHEREAS, Aetna is the owner of a service xxxx registered on the
Principal Register in the United States Patent Office and identifiable by United
States Patent Office Number 822,577, Serial Number 232,049, Class 102, which has
become a universal symbol of the high quality of services provided by Aetna and
its affiliated companies, herein referred to as the Aetna Logo;
WHEREAS, the Fund anticipates that it will enter into a contract with
Aetna Investment Management, Inc. (the "Management Company") whereby the
Management Company will manage the investment portfolio of the Fund;
WHEREAS, the Fund plans to enter into a sales contract with Aetna
Financial Services, Inc. (the "Sales Company") to sell Fund shares to the
general public;
WHEREAS, the Management Company and the Sales Company are, like Aetna,
wholly owned subsidiaries of Aetna Life and Casualty Company having principal
places of business at Hartford, Connecticut, and by reason of this relationship
Aetna is concerned with the growth and development of the Management Company and
the Sales Company, and therefore of the Fund; and
WHEREAS, the Fund desires a license to use the name "Aetna Income
Shares, Inc." and the Aetna Logo in connection with the promotion, advertisement
and sale of its shares to the public;
NOW, THEREFORE, in consideration of the corporate interrrelations and
the common interests and objectives of Aetna, the Management Company, and the
Sales Company which may be derived from the growth and development of the Fund,
and for other good and valuable consideration, the receipt whereof is hereby
acknowledged, Aetna hereby grants to the Fund a non-exclusive license to use the
name of "Aetna Income Shares, Inc." and the Aetna Logo throughout the world in
connection with the business of the Fund, provided, however, that Aetna reserves
the right to withdraw the license herein granted in the event that the Fund's
investment portfolio shall cease to be managed by the Management Company or some
other corporation controlling, controlled by, or under common control with
Aetna. The use by the Fund of its
name and the Aetna Logo shall in no way prevent Aetna or any corporation
controlling, controlled by or under common control with it or its successors or
assigns from using, or permitting the use of, the name "Aetna" alone or in
conjunction with any other word or words and the Aetna Logo for, by or in
connection with any other entity or business whether or not the same directly or
indirectly competes with or conflicts with the Fund or its business in any
manner.
IN WITNESS WHEREOF, the parties hereto have set their hands and seals
at Hartford, Connecticut, this 2nd day of March , 1973.
AETNA LIFE INSURANCE COMPANY
By /s/ X. X. Xxxxxx
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Xxxxxx X. Xxxxxx
Senior Vice President and Secretary
AETNA INCOME SHARES, INC.
By /s/ Xxxxxx X. Xxxxxx
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Xxxxxx X. Xxxxxx
Vice President
