HUMVEE Trademark Agreement
The purpose of this letter is to formalize the agreement that has been reached
between AM General Corporation ("AMG") and General Motors Corporation ("GM"), in
connection with the New Vehicle Assembly Agreement by and between GM and AMG
dated December 21, 1999, relating to the HUMVEE trademark.
In this regard, the parties agree that for the duration of the New Vehicle
Assembly Agreement referenced above:
1. AMG will refrain from using the HUMVEE trademark, except in connection with
the manufacture and sale of military vehicles and other goods and services
related to military vehicles or with a significant military theme, without
GM's prior written consent.
2. AMG shall not assign, sell, or otherwise transfer ownership of the HUMVEE
trademark to any third party, without GM's prior written consent.
3. AMG shall not license or otherwise grant use of the HUMVEE trademark to any
third party, without GM's prior written consent; provided, however, that
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this restriction shall not apply to the license agreements set forth on
Exhibit A hereto.
4. AMG shall use its reasonable best efforts to protect its ownership of and
goodwill in the HUMVEE trademark including, but not limited to,
aggressively prosecuting infringers when necessary.
5. In the event that AMG:
(i) intends to abandon the HUMVEE trademark in connection with the
manufacture and sale of military vehicles and spare parts;
(ii) discontinues use of the HUMVEE trademark in connection with the
manufacture and sale of military vehicles and spare parts, and has no
intention of resuming such use within twelve (12) months from the
date of discontinuance;
(iii) fails to utilize the HUMVEE trademark in connection with the
manufacture and sale of military vehicles and spare parts for a
period of twelve (12) months; or
(iv) fails to protect its ownership of or goodwill in the HUMVEE
trademark;
AMG shall promptly assign all rights, title and interest in, including all
goodwill pertaining to, the HUMVEE trademark to GM for one dollar.
6. AMG shall refrain from making any public statements announcing, confirming
or implying any intention by AMG to abandon or discontinue use of the
HUMVEE trademark, prior to assignment of the HUMVEE trademark to GM.
For purposes of the above provisions, the term HUMVEE trademark shall mean any
or all of the trademarks set forth on Exhibit B hereto.
This letter agreement shall be governed by the laws of the State of Michigan
without regard to the principles of conflicts of law, shall be binding and inure
to the benefit of AMG and GM and their
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respective successors and assigns, and may only be modified or amended by a
written document duly executed by both parties.
GENERAL MOTORS CORPORATION AM GENERAL CORPORATION
By: _____________________________ By: __________________________
Title: __________________________ Title: _______________________
Date: December 21, 1999 Date: December 21, 1999
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