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This excerpt taken from the LUX 20-F filed Jun 26, 2008. Transactions
with Former Chairman of Oakley — Certain of the Company’s Oakley associates perform
services for a company owned by the former chairman of Oakley. Total billings for services rendered by
Oakley were Euro 0.4 million since the acquisition date. The agreement
governing the provision of these services can be terminated at any time with a
30 day written notice. In addition, Oakley may incur other costs on behalf of
the former chairman and such company that are reimbursed after such amounts are
paid by Oakley or with a prepaid deposit. As of December 31, 2007, the
aggregate amount due from the former chairman and such company was
approximately Euro 0.1 million.
Oakley leases an aircraft from a different corporation owned by the former chairman of Oakley which expires January 31, 2009, subject to automatic annual extensions unless Oakley, in its discretion, terminates the agreement as of such date or any subsequent expiration date. The annual lease payment is approximately Euro 0.1 million and the Company bears all costs and expenses of operating and maintaining the aircraft. Oakley entered into time sharing agreements with the former chairman and various other entities controlled by him whereby the Company is reimbursed for costs of the aircraft when utilized by the former chairman or such other entities.
As of December 31, 2007 total receivables and payables from/to other related parties not considered in the above reported paragraphs amount to Euro 0.9 million and Euro 0.7 million, respectively (Euro 1.3 million and Euro 0.2 million as of December 31, 2006). These amounts mainly refer to commercial transactions with the companies Type 20 S.r.l. and Optica Limited.
F-18
This excerpt taken from the LUX 6-K filed Jun 4, 2008. Transactions
with former chairman of Oakley. Certain of the Company’s
Oakley associates perform services for a company owned by the former chairman
of Oakley. Total billings for services rendered by Oakley were Euro 0.4 million
since the acquisition date. The agreement governing the provision of these
services can be terminated at any time with a 30 day written notice. In
addition, Oakley may incur other costs on behalf of the former chairman and
such company that are reimbursed after such amounts are paid by Oakley or with
a prepaid deposit. As of December 31, 2007, the aggregate amount due from
the former chairman and such company was approximately Euro 0.1 million.
Oakley leases an aircraft from a different corporation owned by the former chairman of Oakley which expires January 31, 2009, subject to automatic annual extensions unless Oakley, in its discretion, terminates the agreement as of such date or any subsequent expiration date. The annual lease payment is approximately Euro 0.1 million and the Company bears all costs and expenses of operating and maintaining the aircraft. Oakley entered into time sharing agreements with the former chairman and various other entities controlled by him whereby the Company is reimbursed for costs of the aircraft when utilized by the former chairman or such other entities.
As of December 31, 2007 total receivables and payables from/to other related parties not considered in the above reported paragraphs amount to Euro 0.9 million and Euro 0.7 million, respectively (Euro 1.3 million and Euro 0.2 million as of December 31, 2006). These amounts mainly refer to commercial transactions with the companies Type 20 S.r.l. and Optica Limited.
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