LPL » Topics » Terms and Conditions of the Technical Assistance and License Agreement
This excerpt taken from the LPL 20-F filed Apr 11, 2005.
Terms and Conditions of the Technical Assistance and License Agreement
Royalty: four percent (4%) of net sales price
Payment Schedule: Semi-annually in Japanese Yen
Subject Technology: Technologies relating to after-processing of material glass sheets for LCD Glass.
Duration: The Technical Assistance and License Agreement (the TLA) shall expire on the date of 10th anniversary of the first commercial shipment of LCD Glass manufactured by the JVC. The TLA shall be renewable. If this Agreement is terminated, NEG may
terminate the TLA.
Manufacturing Right: JVC shall have a non-exclusive right to after-process material glass sheets for LCD Glass in Paju.
Sales Right: JVC shall have a non-exclusive right to sell LCD Glass manufactured by it all over the world, however export of such LCD Glass to any third party other
than LPLs oversea subsidiaries more than fifty percent (50%) of the voting shares of which is directly or indirectly owned by LPL shall be made only through NEG and export of such LCD Glass to such LPLs oversea subsidiaries shall be made
through LPL (or any third party designated by LPL) or NEG.
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