Exhibit 10.17
Certain identified information has been excluded from this exhibit because it is both not material and is the type that the registrant treats as private or confidential. Information that was omitted has been noted in this document with a placeholder identified by the mark “[***]”.
STRATEGIC ALLIANCE AGREEMENT
THIS STRATEGIC ALLIANCE AGREEMENT (the “Agreement”) is entered into as of the 30th day of March, 2021 (the “Effective Date”), by and between Starry, Inc., a Delaware corporation (“Starry”), and QSI, Inc., a Delaware corporation (“QSI”). Starry and QSI may be referred to herein, individually, as a “Party” and, collectively, as the “Parties”.
WHEREAS, Starry is a telecommunications company that provides fixed broadband Internet access and voice services to customers and would like to expand its business through the pursuit, development and construction of Starry Networks (as defined below) in the Starry Markets (as defined below) with a focus on predictable project outcomes for safety, efficiency and cost; and
WHEREAS, QSI and its subsidiaries and other affiliates are providers of specialty contracting services for end-to-end solutions to the telecommunications industry, including engineering, procurement, construction, maintenance and repair services; and
WHEREAS, Starry desires that QSI provide to Starry, on a preferential basis, project execution resources, including professional services and construction services, to support the successful deployment of the Starry Networks; and
WHEREAS, QSI intends to prioritize the delivery of such resources and services to Starry relative to any other telecommunications or broadband provider in each Starry Market;
WHEREAS, QSI and Starry have had discussions regarding a strategic alliance with respect to the Starry Networks under which QSI would provide such resources and services (the “Alliance”); and
WHEREAS, QSI and Starry desire to establish a binding framework for the Alliance pursuant to which the Parties will cooperate to explore the technical and economic feasibility of deploying and constructing the Starry Networks in the Starry Markets.
NOW, THEREFORE, in consideration of the premises and mutual covenants and agreement contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:
ARTICLE 1.
DEFINITIONS
1.1 | AEP Location - each of [***], in each case, so long as AEP Ventures, LLC either (a) has and continues to have the exclusive right under Section 4.04 of its Strategic Alliance Agreement with Starry dated June 19, 2020 to have Starry offer AEP the right to jointly deploy Starry internet service in such location or (b) pursuant to such exclusive right, enters into and continues to have in effect an alliance agreement with Starry to jointly deploy Starry internet service in such location. |