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OFFERING MEMORANDUM Global Offering of up to ... - Nordex

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Intellectual Property Rights<br />

Patents, Trademarks and Licenses<br />

Most <strong>of</strong> the components and processes the <strong>Nordex</strong> Gro<strong>up</strong> uses <strong>to</strong> develop and manufacture wind<br />

turbines are state-<strong>of</strong>-the-art, and therefore free <strong>of</strong> third-party intellectual property rights claims. In<br />

certain cases the <strong>Nordex</strong> Gro<strong>up</strong> protects itself further by concluding licensing agreements for the use<br />

<strong>of</strong> components and processes <strong>to</strong> which third parties hold intellectual property rights. Ins<strong>of</strong>ar as legally<br />

possible, the <strong>Nordex</strong> Gro<strong>up</strong> protects the components and processes it develops in-house.<br />

The <strong>Nordex</strong> Gro<strong>up</strong> holds the following intellectual property rights:<br />

Description Type Number Date <strong>of</strong> application<br />

<strong>Nordex</strong> Energy GmbH<br />

Process for controlling electricity fed in<strong>to</strong><br />

the grid by wind turbines and the<br />

corresponding circuitry<br />

Process for controlling electricity fed in<strong>to</strong><br />

the grid by wind turbines and the<br />

corresponding circuitry<br />

Device for improving grid compatibility <strong>of</strong><br />

wind turbines with asynchronous<br />

genera<strong>to</strong>rs<br />

European patent<br />

application filed<br />

National patent<br />

application filed<br />

EP 0 877 475 A1 Apr. 29, 1998<br />

DE 197 19 308 May 7, 1997<br />

National utility patent DE 296 21 449 U1 Dec. 10, 1996<br />

‘‘<strong>Nordex</strong> Control’’ trademark /logo National trademark DE 300 23 078 Mar. 24, 2000<br />

‘‘<strong>Nordex</strong> Control’’ logo Community trademark 158 4077 Mar. 22, 2000<br />

‘‘<strong>Nordex</strong>’’ trademark National trademark DE 300 76 017 Oct. 13, 2000<br />

On January 24, 2000, Südwind Energy GmbH and pro + pro Energiesysteme GmbH & Co. KG entered<br />

in<strong>to</strong> a non-exclusive licensing agreement limited <strong>to</strong> Germany for the manufacture and sale <strong>of</strong> S-70<br />

wind turbines. The licensing agreement was entered in<strong>to</strong> for an initial fixed term ending on September<br />

30, 2001 and will be extended until September 30, 2003 if Südwind Energy GmbH has paid <strong>to</strong> the<br />

licensor the licensing fees for at least 25 wind turbines by September 30, 2001. Provided that Südwind<br />

Energy GmbH pays the licensing fees for an additional 75 wind turbines by September 30, 2003, the<br />

agreement will be extended by an additional two years. If Südwind Energy GmbH has paid licensing<br />

fees for more than 100 wind turbines by September 30, 2005, the licensing agreement will be extended<br />

indefinitely with the licensor reserving the right <strong>to</strong> terminate the agreement if Südwind Energy GmbH<br />

pays licensing fees for less than five wind turbines in any period <strong>of</strong> 12 months. To the extent that<br />

Südwind Energy GmbH sold S-70 wind turbines outside <strong>of</strong> Germany in the past, it obtained the<br />

licensor’s approval prior <strong>to</strong> each delivery by notifying pro & pro Energiesysteme GmbH & Co. KG <strong>of</strong> its<br />

intention <strong>to</strong> make such delivery. The Company believes that pro & pro Energiesysteme GmbH & Co. KG<br />

will continue <strong>to</strong> grant individual approvals <strong>to</strong> sell the wind turbines outside the license terri<strong>to</strong>ry <strong>to</strong><br />

Südwind Energy GmbH in the future. In addition, the Company is <strong>of</strong> the opinion that pro & pro<br />

Energiesysteme GmbH & Co. KG will give Südwind Energy GmbH timely notice if it intends <strong>to</strong> grant<br />

licenses <strong>to</strong> third parties abroad and will <strong>of</strong>fer Südwind Energy GmbH the opportunity <strong>to</strong> acquire such<br />

license.<br />

Internet Domain Names<br />

Internet domain names may only be registered once due <strong>to</strong> the current organization <strong>of</strong> the World Wide<br />

Web. Registration, therefore, grants the holder exclusive rights <strong>of</strong> use. The registration <strong>of</strong> a domain<br />

does not, however, grant exclusive property rights against the use <strong>of</strong> the domain by third parties.<br />

Moreover, third parties that hold older rights <strong>to</strong> trademarks or names used in the registered domain<br />

can prohibit others from using such domain.<br />

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