“Party A” and “Party B” have entered into each of the following agreements (collectively, hereinafter referred to as the “Existing Distribution Agreements”) in connection with granting “Party A” the exclusive right to sell within and outside Korea LED transparent display panel products produced by “Party B.”

Overseas Sales Agent Agreement dated December 30, 2013, covering Hong Kong, Singapore, Macau and the Philippines, with the contract deposit of KRW 1 billion and the term running until December 31, 2018.

Overseas Sales Agent Agreement dated January 9, 2014, covering Brazil, Argentina, Chile, Australia, New Zealand, India and Indonesia, with the contract deposit of KRW 1 billion and the term running until December 31, 2018.

China Sales Agent Agreement dated February 28, 2014, covering the People’s Republic of China, with the contract deposit of KRW 4 billion and the term running until the manufacturing facilities of the joint venture with CECEP Group would be fully constructed and in a position to produce and supply products without issue.

An agreement dated March 21, 2014, whereby “Party A” agrees to assume the exclusive distribution rights in Korea of G-SMATT Korea Co., Ltd.

Service Agreement dated April 14, 2014, covering Austria, France, Qatar, Saudi Arabia, Kuwait, and the UAE, with the contract deposit of KRW 500 million and the term running until December 31, 2018.

Overseas Sales Agent Agreement dated April 16, 2014, covering all European countries (including Russia) except Austria and France, with the contract deposit of KRW 3 billion and the term running until December 31, 2018.

Overseas Sales Agent Agreement dated April 29, 2014, covering all territories other than the existing territories, with the contract deposit of KRW 2.5 billion and the term running until December 31, 2018.

“Party B” has provided to “Party A” as collateral a total of 88,000 shares of common stock of “Party B” owned by Ho Joon Lee and 20% of the shares of Tian Jin CECEP Brillshow Co., Ltd. owned by “Party B” to secure the payment of the contract deposits received from “Party A” pursuant to the Existing Distribution Agreements.

Out of the contract deposits of KRW 12 billion received from “Party A” pursuant to the Existing Distribution Agreements, as of the date hereof, “Party B” has settled (offset) KRW 3.5 billion as purchase price for the products of “Party A” and retains the contract deposit of KRW 8.5 billion in total.

Products: All LED transparent display panel products produced by “Party B” now or in the future.

Territories: within and outside Korea

The Existing Distribution Agreements between “Party A” and “Party B” shall no longer be in effect and be replaced by this Agreement upon the execution of this Agreement.

Notwithstanding Section 3.1, the Agreement dated March 21, 2014 in respect of Korea shall remain effective.

The replacement of the Existing Distribution Agreements and any existing contractual arrangements in connection therewith pursuant to this Section 3 shall be governed by the relevant provisions of this Agreement. Any matters not provided for herein shall be determined by mutual consultation of the parties.

“Party A” may sublicense to a third party the Exclusive Distribution Rights granted hereunder, in whole or in part, in respect of some of the “Territories” provided that “Party A” and such third party shall agree that in the event of cancellation or modification of the Exclusive Distribution Rights granted by “Party B” to “Party A,” any exclusive distribution right granted by “Party A” to such third party shall be cancelled or modified accordingly.

In the case of Section 6.1, “Party A” shall provide prior written notice to “Party B” setting forth the details of such sublicense of the distribution rights (the relevant territories, the qualification of the third party, the terms and conditions of such sublicense, etc.).

In the event that “Party A” sublicenses any of its distribution rights to a third party pursuant to this Section 6, it shall pay “Party B” an amount equal to 50% of the consideration paid by the relevant third party for such sublicense (which means, regardless of how it is named, all proceeds received in exchange for the sublicense of the distribution rights).

The prices of the products produced by “Party B” and sold to “Party A” shall be determined by mutual agreement between “Party A” and “Party B”, provided that such prices shall allow “Party A” to realize an appropriate margin.

In the event that “ Party A” pursues a project in Korea or abroad, the price of the products to be delivered in such project and the products to be supplied by “Party B” to “Party A” shall be decided by mutual consultation prior to the submission of project proposals, and if “Party A” has won the project, “Party B” shall supply to “Party A” the pre-agreed products at the pre-agreed prices.

“Party B” shall indemnify “Party A” for any damages arising from its failure to supply products pursuant to Section 7.2, provided, however, that if such failure is due to a force majeure event such as a natural disaster, all or part of the damages may be waived.

The terms and conditions of payment for the products supplied under this Agreement shall be determined by mutual consultation of the parties on a project by project basis having regard to the terms of payment for the project pursued by “Party A”.

In the event of a claim alleging that any product of “Party B” sold by “Party A” has infringed the rights of a third party (including but not limited to industrial property rights), “Party A” and “ Party B” shall jointly respond to such claim working in collaboration with each other.

If “Party A” and “Party B” jointly develop a new product, any rights to such product (including intellectual property rights) shall be jointly owned by “Party A” and “Party B”.

The name of such jointly developed product pursuant to Section 8.1 shall be determined by “Party A,” and shall be tentatively called “G-SMATT Glass”.

The development costs of such new product shall be shared between “Party A” and “Party B” by mutual consultation on a project by project basis. “Party A” shall have the right to exclusively distribute in all territories, and “Party B” shall have the right to exclusively produce, such product.

In the event of a failure of “Party B” to deliver products within the pre-agreed delivery deadline, “Party B” shall pay “Party A” a late fee in an amount equal to 0.5/1,000 (a cap of 5% of the maximum contract amount).

The number of days of delay in Section 9.1 shall be calculated from the delivery date stated in the individual supply contract (or agreed proposal) to the actual delivery date.

The warranty period for the products sold by “Party B” to “Party A” shall be two years subject to mutual agreement taking into account of the nature of the project undertaken by “Party A”.

In the event of a failure in any product supplied by “Party B” pursuant to this Agreement and sold to a third party and installed by “Party A” that is attributable to “Party B,” the relevant product shall be immediately repaired or replaced at the expense of “Party B,” and “Party A” shall provide all necessary cooperation.

A party requests in writing the other party to remedy a breach of this Agreement, and the breaching party fails to cure such breach within one month.

Any note or check of either party is declared dishonored, or the material assets of either party are seized, provisionally seized, disposed of, or foreclosed

Bankruptcy, workout or rehabilitation proceedings have been commenced in respect of either party.

The “Product” is found to have infringed a third party’s industrial property rights

“Party A” and “Party B” may agree, in equal position, on separate terms and conditions in respect of any matters not provided for herein.

“Party A” and “Party B” may, by mutual consultation, modify or amend this Agreement.