Nautilus 2009 Annual Report Download - page 218

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20
5.5.
Buyer shall submit to a Nautilus representative samples of all new marketing materials (collateral), uses of the licensed marks,
and marketing campaigns that include the Nautilus Marks to Nautilus for approval. Where Buyer deviates from previously
approved usage of a Licensed Mark or proposes new uses of a Licensed Mark, Buyer shall obtain from Nautilus pre-approval
of any and all new proposed usages of the Licensed Marks, whether in advertising, promotional materials, or otherwise.
Nautilus shall have a review period of fourteen (14) days from the receipt by Nautilus from Buyer of advertising and/or
promotional materials submitted for approval by Buyer to either approve or deny approval of such materials. If Written Notice
of the approval or denial of approval of such materials is not provided to Buyer before the end of the fourteen (14) day review
period, the submitted materials shall be deemed approved. Any Written Notice by Nautilus denying approval of the submitted
materials shall provide the reasons for the disapproval and the disapproved materials shall not be used by Buyer. Buyer may
correct and resubmit any disapproved materials for approval, which submission will restart the fourteen (14) day review
period. Any disagreement by the Parties as to whether materials should be approved shall be subject to the dispute resolution
procedures of ยง8 of this License.
5.6. Buyer confirms and acknowledges that, as between the parties, Nautilus owns all rights in and to the Nautilus Marks, and
prior to assignment, to the Commercial Marks. Buyer agrees to not use any of the Licensed Marks, or any marks confusingly
similar to the Licensed Marks, for any purpose, whether in advertising, promotional materials or otherwise, except as
expressly permitted by this License.
5.7. Any and all uses of the Licensed Marks by Buyer shall be only as permitted by this License, and then only for goods and
services that meet Nautilus Quality Standards as set forth in Schedule F to this License. Nautilus may make reasonable
modifications to Nautilus Quality Standards from time to time provided that such modifications benefit customers and/or
users. Buyer shall comply with Nautilus Quality Standards and with all modifications to Nautilus Quality Standards, but shall
have three (3) months to implement any such modifications to Nautilus Quality Standards unless such modifications relate to
product safety, which Buyer shall immediately implement.