Tesla 2011 Annual Report Download - page 165

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CONFIDENTIAL TREATMENT REQUESTED BY TESLA MOTORS, INC.
TESLA AND TMC CONFIDENTIAL INFORMATION
EXECUTION VERSION
4. LICENSE GRANTS
(a) Licenses to Perform Under this Agreement .
(i) License to TMC . Subject to the terms and conditions of this Agreement, Tesla hereby grants TMC a limited, worldwide, non-
exclusive, royalty-free, fully paid-up, non-transferable, non sub-licensable right and license to use the Tesla Technology and all Intellectual
Property Rights therein for the purposes of evaluating, operating and using the Deliverables, performing its obligations under this Agreement,
and exercising its rights under this Agreement.
(ii) License to Tesla . Subject to the terms and conditions of this Agreement, TMC hereby grants Tesla and Tesla Subsidiaries a
limited, worldwide, non-exclusive, royalty-free, fully paid-up, non-transferable, non sub-
licensable right and license to use the TMC Technology
and all Intellectual Property Rights therein for the purposes of evaluating, operating and using the Deliverables, performing its obligations under
this Agreement, and exercising its rights under this Agreement.
(b) Licenses to Powertrain Technology .
(i) License to TMC Foreground Technology that is Powertrain Technology . Subject to the terms and conditions of this Agreement,
TMC hereby grants Tesla and Tesla Subsidiaries a limited, worldwide, non-exclusive, royalty-free, fully paid-up right and license to all TMC
Foreground Technology that is Powertrain Technology and is a Qualified Disclosure and all Intellectual Property Rights therein (except Patents)
to use, perform, display, reproduce, create derivative works, make, have made, use, sell (directly or indirectly), offer for sale or disposition,
import, dispose and otherwise exploit such TMC Foreground Technology that is Powertrain Technology and is a Qualified Disclosure for any
purpose including, without limitation, in its electric vehicle business and in performing services for its customers. The foregoing license shall be
fully transferable and sublicenseable.
(ii) License to TMC Background Technology that is Powertrain Technology . Subject to the terms and conditions of this Agreement,
TMC hereby grants Tesla and Tesla Subsidiaries a limited, worldwide, non-exclusive, royalty-free, fully paid-up right and license to all TMC
Background Technology that is Powertrain Technology and is a Qualified Disclosure and all Intellectual Property Rights therein (except Patents)
to use, perform, display, reproduce, create derivative works, make, have made, use, sell (directly or indirectly), offer for sale or disposition,
import, dispose and otherwise exploit such TMC Background Technology that is Powertrain Technology and is a Qualified Disclosure for any
purpose including, without limitation, in its electric vehicle business and in performing services for its customers. The foregoing license shall be
fully transferable and sublicenseable.
-13-
***Confidential treatment requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. Omitted portions have been filed separately with the
Commission.