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Limited Liability Company Agreement

Limited Liability Company Agreement

  2.2 trademark license. fff hereby grants to the company the nonexclusive, perpetual (except as provided herein), royaltyfree right and license to use the fff trademarks in connection with the operation of the business (the 'trademark license'), provided that the company (i) does not create a unitary composite mark involving any of the fff trademarks without the prior written approval of fff; (ii) displays symbols and notices provided by fff indicating the trademark status and ownership of the fff trademarks; and (iii) uses the fff trademarks in accordance with reasonable quality control guidelines, if any, provided to the company in writing by fff.

  (1) ownership of fff trademarks. the company acknowledges that its utilization of the fff trademarks shall not create in it, nor will it represent that is has, any right, title or interest in or to the fff trademarks, other than as expressly provided in this agreement. the company shall not do anything contesting or impairing the intellectual property rights of fff in the fff trademarks, including seeking to register the fff trademarks as part of a composite trademark, trade name or service mark.

  (2) infringement proceedings. the company shall promptly notify fff of any unauthorized use of the fff trademarks of which it has knowledge, and shall provide fff with its reasonable cooperation and assistance, at fff's cost, with respect to any proceedings brought by fff with respect to such infringement or alleged infringement.

  2.3 no sublicense. the company shall not sublicense any of the rights granted pursuant to this section 2 without fff's prior written consent.

  2.4 notice of enhancements. the company shall provide prompt written notice to fff, and shall provide a copy and all information reasonably requested by fff related thereto, of any enhancement of the licensed ip developed by or on behalf of the company.

  2.5 termination of licenses. the license and the trademark license shall terminate upon any of the following events:

  (1) immediately and without notice upon the dissolution of the company, other than a dissolution which is caused by a reorganization (as defined in the llc agreement);

  (2) upon written notice to the company in the event a receiver is appointed for the company, or the company makes an assignment for the benefit of creditors, becomes insolvent, or voluntary or involuntary proceedings are instituted by or against such other party under any bankruptcy or insolvency laws and such proceedings are not terminated within 90 days; or

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