Nautilus 2009 Annual Report Download - page 150

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C. Events Upon Termination or Expiration.
(i) In the event of any termination or expiration of this Agreement for any reason: All payments from Buyer to Nautilus that have accrued
under the Stairmaster Asset Purchase Agreement and/or under the Stairmaster Technology Agreement as of the date of termination or
expiration shall immediately become due and payable.
(ii) In the event of any Termination of this Stairmaster Technology Agreement is based in whole or in part upon default by Buyer of
Section 2.B.(ii), then any and all rights assigned, transferred and/or licensed to Buyer under this Stairmaster Technology Agreement shall
automatically revert back to Nautilus and all use of the Stairmaster Marks by Buyer, as well as of any marks, names or domain names
confusingly similar thereto, shall immediately cease except that Buyer may complete all unfinished goods (work-in-progress) and sell all
inventory for up to six (6) months after termination. Buyer may not acquire any additional parts or materials to complete unfinished goods
after termination of this Stairmaster Technology Agreement for this reason. Any and all use by Buyer of any Stairmaster Patents and of any
other rights Buyer has received under this Stairmaster Technology Agreement from Nautilus shall immediately cease upon sale of such
outstanding inventory.
D. Additional Relief. The Parties shall be entitled to such other relief as may be determined by a court of law as selected under
Section 13.A. below.
10. Term. This Stairmaster Technology Agreement, unless terminated in accordance with its terms, shall continue in force.
11. Disclaimer.
Disclaimer. ALL RIGHTS ASSIGNED, TRANSFERRED AND/OR LICENSED BY NAUTILUS TO BUYER ARE PROVIDED “AS
IS” AND WITHOUT ANY WARRANTY OF ANY KIND. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW,
NAUTILUS HEREBY DISCLAIMS ALL WARRANTIES, EXPRESS AND/OR IMPLIED, INCLUDING, BUT NOT LIMITED TO,
IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE AND/OR WARRANTIES
AGAINST INFRINGEMENT. THE MAXIMUM LIABILITY OF NAUTILUS TO BUYER RELATING TO THIS STAIRMASTER
TECHNOLOGY AGREEMENT SHALL BE NO GREATER THAN $100,000 .