DNP Reseller Trademark Collateral License Agreement
DNP Imagingcomm America Corporation (“DNP”) hereby grants to you (“Reseller”), and you/Reseller hereby accept, a limited, non-exclusive, non-transferable, revocable license (“Trademark License”) to use DNP’s trademarks and logos (whether registered or not) (collectively the “Trademarks”) that represent the DNP products sold by Reseller (collectively the “DNP Products”). The Trademark License shall terminate immediately upon either (i) Reseller ceasing to sell the related DNP Products or (ii) termination hereof by DNP with or without cause. Supplier shall not incorporate any Trademarks, any derivative of the Trademarks or any mark which is similar to any Trademark, into Reseller’s name. In addition, Supplier shall not use the Trademarks on any non-DNP Products or materials related thereto, or for any of Reseller’s customers, including, without limitation, any collateral, customized or otherwise, on behalf of such customers. Reseller acknowledges that DNP owns all right, title and interest in and to the Trademarks. Reseller will immediately notify DNP if Reseller learns of any unauthorized use of the Trademarks within its organization. Any use of the Trademarks hereunder shall inure to the benefit of DNP.