EYE » Topics » ALCON MFG. LTD. /ALCON LAB., INC. & ADVANCED MEDICAL OPTICS, INC.

This excerpt taken from the EYE 10-Q filed Aug 9, 2006.

ALCON MFG. LTD. /ALCON LAB., INC. & ADVANCED MEDICAL OPTICS, INC.

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WHEREAS, recognizing the expense, time, and risk associated with continued litigation, the Parties have agreed to settle the Litigation, without any party admitting liability to any other party, on the terms and conditions set forth in this Agreement; and

WHEREAS, the Parties intend to resolve all patent infringement or other lawsuits between them that have been or could have been brought, based upon their phacoemulsification products as made, used and sold on or before the Effective Date of this Agreement;

NOW, THEREFORE, in consideration of the recitals stated above, and the agreements and promises set forth below and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

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