This excerpt taken from the GIS 10-K filed Jul 26, 2007.
Grant of License
I.1
SODIMA hereby grants to the Licensee, on the terms and conditions set forth in this Agreement, a License:
a)
to manufacture, in the Territory, and only in the Territory, the Products under the Trademarks;
b)
to distribute and sell, in the Territory, and only in the Territory, the Products under the Trademarks;
c)
to use, in the Territory, and only in the Territory, for the foregoing purposes, the manufacturing processes, formulas and techniques, methods of production, quality control, methods of merchandising and promotion, the Trademarks, any copyrights and patents owned by SODIMA in the United States, product names, distinctive shapes of containers and packaging, advertising and promotional materials, which have been or may hereafter be developed, by or for SODIMA and made available to the Licensee in accordance with the terms of this Agreement for use in connection with the manufacture and sale of the Products.
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I.2
The License granted pursuant hereto shall be an exclusive license, even as to SODIMA, within the Territory so long as this Agreement shall remain in effect. SODIMA also agrees that so long as this Agreement shall remain in effect it will not grant to any other party any license under the Trademarks for any product and/or service in the Territory, which latter obligation shall extend to any trademarks now in existence or any new or modified trademarks of the Yoplait line which SODIMA may from time to time adopt as provided for in paragraph VI.9 for the Products as well as any trademarks in the Territory which incorporate “YO” or “YOP” as an element thereof. SODIMA warrants that it has the right to grant the licenses hereunder in accordance with paragraphs I.1 and I.2 including the process, products improvements and other know-how specified in
paragraph I.1a), b) and c) and other paragraphs originated and owned or to be originated by SODIMA’s corporate or cooperative members and their corporate or cooperative manufacturing members. SODIMA also warrants that trademarks for the YOPLAIT line with respect to the Products originated and owned or to be originated by SODIMA’s corporate or cooperative members and their corporate or cooperative manufacturing members will not be licensed by such members to any third party in the Territory.
