AEG 21604 G Manual de usuario descargar pdf (Pagina 75)

AEG PS Group may infringe third-party patents.

AEG PS Group cannot guarantee that it will not infringe third-party patents while conducting its business

activities. In addition, third-party patents could be granted in the future that prevent AEG PS Group from

continuing certain business activities without a license from the patent holder. AEG PS Group's revenues

could decrease if AEG PS Group requires the use of a third-party patent in the future and the patent

holder is not prepared to grant AEG PS Group a license on commercially viable terms, or at all. An in-

ability to obtain such third-party licenses could require AEG PS Group to find an available substitute

technology, which, if found, might lead to lower quality products or increased costs, which could seri-

ously harm its competitive position. In addition, AEG PS Group could become involved in patent litiga-

tion. Such patent disputes could be lengthy and require considerable personnel and financial resources. If

the outcome of such a legal dispute is unfavourable for AEG PS Group, it could be ordered to pay sub-

stantial license fees, royalties and/or damages. Any perceived or actual infringement by AEG PS Group

of third-party patents could have a material adverse effect on AEG PS Group's business, results of opera-

tions and financial condition.

AEG PS Group relies on a licensing agreement for the use of the AEG trademark which contains

stringent conditions to be met by AEG PS Group.

The use of the "AEG" trademark is subject to a licensing agreement with AB Electrolux (publ) (“AB

Electrolux”) that will expire in 2028. Under the licensing agreement, AEG PS Group has to observe cer-

tain conditions, including, among other things, approval by AB Electrolux of the trade marketed products

as to the nature and against the quality standards set by AB Electrolux, submission of production samples

for approval as standard, denial by AB Electrolux of any product liability or other warranty claims, a sales

target and prior approval from AB Electrolux as to the suppliers used by AEG PS Group.

Any material breach of the licensing agreement or any other material default thereunder by any of the

parties may lead to its automatic termination. Furthermore unilateral termination rights in favour of AB

Electrolux exist, inter alia and summarized, (i) in case of a merger or any other consolidation between

AEG PS Group and another company, (ii) in case of seizure of assets or property of the AEG PS Group as

well as similar measures, (iii) in case legal actions against AEG PS Group due to bankruptcy, insolvency

or dissolution are instituted, (iv) in case of infringement or inactivity of the trademark or (v) in case AEG

PS Groups' sales of trademark products do not reach the agreed sales target for two consecutive years (see

detailed description under “Description of the Issuer - Business of the Issuer- Material Contracts”).

Should AEG PS Group not meet the conditions of and comply with its obligations under the licensing

agreement on an ongoing basis, it would be prohibited from using the "AEG" trademark further, which

could have a material adverse effect on its business, results of operations and financial condition.

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AEG 21604 G Manual de usuario Pagina 75