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Patent License Agreement

MBN (PROLED®/MBNLED®) and Philips have concluded a license agreement for the use of Philips patents under Philips’ LED-based luminaire license program. Therefore, MBN (PROLED®/MBNLED®) has access to the great patent portfolio of Philips for development of LED products, also covering patents of Color Kinetics and TIR Systems acquired by Philips. Due to the possible use of patents the efficiency of our product development is increased, as there is a multitude of possible innovatively useable technologies available for us now. Additionally our customers are exempted from any claim to license fees by Royal Philips Electronics in relation to the license program when purchasing, reselling and using PROLED® and MBNLED® products. A possible conflict with Philips patents of the licensing program is avoided herewith. The agreement covers all regions of the world and existing patents as well as still pending patent applications.