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Know-HOW License Agreement

 

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Title:

Know-HOW License Agreement

Entities:

Nutra Sales Corp

Date:

2004

Size:

Preview shows 5KB of 22KB total

Price:

$32

ID:

#2136282

 

 

► Licensing ► Licenses ► Miscellany ► Know-How License Agreements

 

 

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                           KNOW-HOW LICENSE AGREEMENT


This KNOW-HOW LICENSE AGREEMENT (this "Agreement"), dated December 5,
2003, (the "Effective Date") is made and entered into by and between N.V.
Nutricia, a company organized under the laws of The Netherlands (hereinafter the
"Licensor"), and General Nutrition Corporation, a Pennsylvania corporation
(hereinafter the "Licensee").

WHEREAS, Licensor possesses certain valuable confidential and
proprietary technical know-how, expertise and other information useful in the
manufacture of certain product compositions set forth on Exhibit A, attached
hereto and incorporated herein.

WHEREAS, Licensee desires to obtain, and Licensor desires to grant, A
limited right and license, under the terms of this Agreement, to use certain
Technical Information (as hereinafter defined) in the manufacture of Products
(as hereinafter defined).

WHEREAS, this Agreement is made pursuant to and is subject to the terms
and conditions of that certain Purchase Agreement, dated as of October 16, 2003,
among Royal Numico N.V., Numico USA, Inc. and Apollo GNC Holding, Inc., as
amended (the "Purchase Agreement").

NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties hereto, intending to be
legally bound, hereby agree as follows:

1. DEFINITIONS

1.1 As used in this Agreement, the capitalized terms set forth
herein shall have the following meanings:

(a) "PRODUCTS" means those certain products to be
manufactured by Licensee pursuant to certain separate patent rights
obtained from Licensor as of the date hereof.

(b) "TECHNICAL INFORMATION" means all of Licensor's
proprietary and confidential information, including without limitation
engineering, scientific and practical information and formulas,
manufacturing procedures, know-how, expertise and specifications, used
in or related to the product compositions on Exhibit A pursuant to
certain separate patent rights obtained from Licensor as of the date
hereof, as such product compositions currently exist on the Effective
Date.

(c) "TERM" means the term of this Agreement as further
defined in Article 6 below.

{PAGE}

1.2 Capitalized terms used but not defined herein shall have the
meanings assigned thereto in the Purchase Agreement.

2. LICENSE GRANT

2.1 Licensor hereby grants to Licensee, subject to the terms and
conditions of this Agreement, a limited, personal, non-exclusive, royalty-free
right and license, without the right to sublicense, except as specifically set
forth in Section 2.2 and 2.4, to use the Technical Information only to
manufacture Products.

2.2 The right and license granted to Licensee is personal to
Licensee. Licensee shall not at any time: (a) sublicense such right, or assign
or transfer such right and license granted herein to any Person, except an
Affiliate of Licensee, without the prior written consent of Licensor; nor (b)
permit any Lien upon such right and license. Notwithstanding the foregoing, this
Agreement shall be assignable as of right with any transfer of substantially all
the assets and the entire business associated therewith of the Licensee provided
that: (i) Licensee is in full compliance with all of the terms and conditions of
this Agreement; (ii) the acquiror of such assets and business agrees in writing
to assume all obligations of Licensee under this Agreement pursuant to an
instrument in form and substance reasonably satisfactory to Licensor; and (iii)
Licensee gives Licensor prior written notice of such transfer and the identity
of such acquiror. Any attempted assignment or other transfer in contravention of
this Section 2.2 shall be void and ineffective.

2.3 Notwithstanding anything to the contrary in this Agreement,
Licensee agrees to accept the right and license granted in this Article 2
subject to any licenses or other rights of third parties under agreements
executed by Licensor prior or subsequent to the date of this Agreement.

2.4 In the event Licensee desires to contract with a third party
to manufacture the Products using the licensed Technical Information, Licensee
shall immediately notify Licensor and identify such third party. The third party
shall execute a written agreement, including terms no less restrictive than the

 

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