Exhibit 10.7
Execution Version
TRADEMARK LICENSE AGREEMENT
This Trademark License Agreement (“Agreement”), dated as of the 9th of November, 2018 (the “Effective Date”), is by and between Apache Corporation, a Delaware corporation with offices located at 2000 Post Oak Boulevard, Suite 100, Houston Texas 77056 (“Licensor”) and Kayne Anderson Acquisition Corp., a Delaware corporation, with offices located at 2000 Post Oak Boulevard, Suite 100, Houston, Texas 77056 (“Licensee”).
WHEREAS, Licensor is the owner of the Licensed Marks (as defined below) and the Excluded Marks (as defined below);
WHEREAS, Licensor and Licensee are entering into this Agreement in connection with that certain Contribution Agreement, dated as of August 8, 2018, by and among Apache Midstream LLC, Alpine High Gathering LP, Alpine High Pipeline LP, Alpine High Processing LP, Alpine High NGL Pipeline LP, Alpine High Subsidiary GP LLC, each of which is a subsidiary of Licensor, Altus Midstream LP, and Licensee (“Contribution Agreement”); and
WHEREAS, Licensee is expected to change its name in its jurisdiction of organization to Altus Midstream Company prior to or contemporaneously with the closing of the transactions contemplated in the Contribution Agreement; and
WHEREAS, Licensee wishes to use the Licensed Marks in connection with the Licensed Services (as defined below) in the Territory (as defined below) and Licensor is willing to grant to Licensee a License (as defined below) to use the Licensed Marks on the terms and conditions set out in this Agreement.
NOW, THEREFORE, in consideration of the mutual covenants, terms, and conditions set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Licensor and Licensee agree as follows:
1.Definitions.
1.1Capitalized Terms. For purposes of this Agreement, the following terms have the following meanings:
“Agreement” has the meaning set forth in the preamble.
“Contribution Agreement” has the meaning set forth in the recitals.
“Control”(and its correlative terms) means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through ownership of voting securities, by contract, or otherwise.
“Effective Date” has the meaning set forth in the preamble.
“Encumbrance” means any lien, charge, claim, condition, lease, pledge, option, right of first refusal, mortgage, deed of trust, security interest, restriction (whether on voting, sale, transfer, disposition, or otherwise), and easement, or other restriction or limitation whatsoever, whether imposed by Law or agreement.