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This excerpt taken from the LPL 20-F filed Jun 23, 2009. Trademark Agreement with Philips Electronics We entered into a trademark license agreement with Philips Electronics in July 2004 for use of the Philips name. Under the agreement, we began making monthly payments in the aggregate amount per year of 0.1% of our sales, net of advertising expenses, in 2005. Effective as of March 3, 2008, we changed our name to LG Display Co., Ltd. On June 30, 2008, the trademark license agreement with Philips Electronics expired. This excerpt taken from the LPL 20-F filed Apr 16, 2008. Trademark Agreement with Philips Electronics We entered into a trademark license agreement with Philips Electronics in July 2004 for use of the Philips name. Under the agreement, we began making monthly payments in the aggregate amount per year of 0.1% of our sales, net of advertising expenses, in 2005. This agreement has a term of three years and is automatically renewable for successive three-year periods unless either party gives a termination notice prior to any renewal. Philips Electronics has the right to terminate this agreement if the ownership interest of Philips Electronics in us falls below 25%. On October 10, 2007, Philips Electronics sold 46.4 million shares of our common stock and reduced its ownership interest in us to 19.9%. Following such reduction of Philips ownership interest in us, we decided to remove Philips Electronics trademark from our company name. Effective as of March 3, 2008, we changed our name to LG Display Co., Ltd. In consideration of the preparation for the change of our company name, we extended the trademark license agreement with Philips Electronics until June 30, 2008. On March 12, 2008, Philips Electronics sold 24.0 million shares of our common stock to institutional investors and further reduced its ownership interest in us to 13.2%.
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This excerpt taken from the LPL 20-F filed Apr 11, 2007. Trademark Agreement with Philips Electronics We entered into a trademark license agreement with Philips Electronics in July 2004 for use of the Philips name. Under the agreement, we began making monthly payments in the aggregate amount per year of 0.1% of our sales, net of advertising expenses, in 2005. This agreement has a term of three years and is automatically renewable for successive three-year periods unless either party gives a termination notice prior to any renewal. Philips Electronics has the right to terminate this agreement if the ownership interest of Philips Electronics in us falls below 25%. This excerpt taken from the LPL 20-F filed Jun 21, 2006. Trademark Agreement with Philips Electronics We entered into a trademark license agreement with Philips Electronics in July 2004 for use of the Philips name. Under the agreement, we began making monthly payments in the aggregate amount per year of 0.1% of our sales, net of advertising expenses, in 2005. This agreement has a term of three years and is automatically renewable for successive three-year periods unless either party gives a termination notice prior to any renewal. Philips Electronics has the right to terminate this agreement if the ownership interest of Philips Electronics in us falls below 25%. This excerpt taken from the LPL 20-F filed Apr 11, 2005. Trademark Agreement with Philips Electronics
We entered into a trademark license agreement with Philips Electronics in July 2004 for use of the Philips name. Under the agreement, we will make monthly payments in the aggregate amount per year of 0.1% of our
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Table of Contentssales starting in 2005. This agreement has a term of three years and is automatically renewable for successive three-year periods unless either party gives a termination notice prior to any renewal. Philips Electronics has the right to terminate this agreement if the ownership interest of Philips Electronics in us falls below 25%.
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