S C IPEE AMIRAL TRADING IMPEX S A

S. C. IPEE AMIRAL TRADING IMPEX S. A. CURTEA DE ARGEŞ Registering no. : Fiscal code: LOCATION: - J 03 / 1229 / 2004 RO 16599276 CURTEA DE ARGEŞ Southern Romania, 150 km northwest of Bucharest 40 km from Pitesti 40 km from Ramnicu Valcea 30 km from Fagaras mountains ACCESSIBILITY: - National road DN 1 - Highway A 1 - Railway - Henri Coanda Airport - Bucharest ADDRESS: Albeşti street no. 5, Curtea de Arges, 115300 Arges County, ROMANIA www. ipee. ro

* CAPITAL : 224. 000 EURO * TURNOVER 2011: 3. 750. 000 EURO * TURNOVER 2012: 3. 527. 700 EURO * TURNOVER 2013: 3. 560. 500 EURO HISTORY S. C. IPEE AMIRAL TRADING IMPEX S. A. is a joint stock company with entirely private capital, combined (Romanian – Italian), founded in 2004, taking over a business with a tradition of over 30 years in the production of passive electronic components, of the former company SC IPEE S. A. was established in 1972 under the name of ICEP (passive electronic components company). In 1977, the company ICEP merged with Electroarges as IPEE - Electroarges, expanding its business by manufacturing also household electrical appliances. In 1991, the two companies split, returning to the name IPEE and ELECTROARGES. S. C. IPEE AMIRAL TRADING IMPEX S. A. began the activity in 2004 with 24 employees, having as main activity trade of the household products, electronics and electrical, low voltage electrical appliances and so on, according to CAEN clasificatio 4643 "Wholesale of electrical household appliances and radio and television".

Later in 2008, the company is expanding its activities in the production area with 280 employees, adding clasification CAEN 2733 and 7219: "The manufacturing of connection devices , electrical and electronic wire and cable" and "Research and development on natural sciences and engineering", continuing the tradition of former businesses IPEE SA in the manufacture of: - Electrical and electronical products (soldering irons, antimosquitoes devices, electrical incubators, and so on). - Household products (agricultural mills, robot Agroforest, smashing fruit manual grape crusher, manual tomatoes juicer, manual beet chopper, grater for nuts and vegetables, cabbage grater, stainless steel grater, etc. ). - Low-voltage electrical appliances (sockets, switches, electrical extension cords, reels, plugs, couplings, and so on). Company currently operates with 211 employees with an area of aproximate 8000 sq. m. , of which: ≈ 3. 500 sq. m. production spaces. ≈ 1. 200 sq. m. storage space. ≈ 400 sq. m. offices.

ORGANIZATION Ø ADMINISTRATIVE – SECRETARIAT Ø COMMERCIAL DEPARTMENT: Transport - Sales Marketing - Import Export Acquisition ELECTRIC DEKOR Store Ø TECHNICAL DEPARTMENT - PRODUCTION: Technical - Design Plastics Mechanical Processing Electromechanical Electrical Toolroom Ø ECONOMIC DEPARTMENT: Financial Accounting Ø HUMAN RESOURCES Ø SERVICE Ø QUALITY ASSURANCE

PRODUCTION ACTIVITIES: ü Mechanical processing • Machining cutting, turning, milling, drilling grinding, processing by cold pressing (punching, bending, stamping) processing on automatic lathes up to Ø 10 diameter, mechanical cutting band saw, scissors, guillotine and oxyacetylene flame cutting, electric welding points. ü Plastic injection • Plastic injection of plastic parts polypropylene, ABS, edistir, simple polyamide and 60% fiberglass, polyethylene. We have 8 injection machines, the largest with 270 tons locking force and 500 g mass injected. ü Electrical BLC • Low voltage electric appliance, thermostated electrical incubator, voltage regulators, soldering irons. ü Mechanical BLC • Household products ü Toolroom • Toolroom performance plastic injection molds, molds and devices ü Research • Implementing projects of products and projects of molds and plastic injection molds q Products are manufactured in accordance with Quality Management System, ISO 9001 (certification SRAC, and IQ NET). q We have certificates of conformity and test reports issued by OICPE Bucharest: extension cords, switches, sockets, plug, triple plug, couplers, antimosquito devices, electrical incubators.

COMMERCIAL ACTIVITIES: ü National distribution through its own distribution network: IPEE ATI PRODUCTS • Electrical • Electrotechnical • Household products OTHER PRODUCTS • Power tools • Electric Motors • Small appliance • Sanitary • Electric cables ü Marketing in European Union countries (Spain, Italy, Slovakia, Czech Republic, Poland, Hungary, Bulgaria and Greece) and in Moldova. ü Community acquisitions. ü Promoting products through participation in fairs and exhibitions of national and international profile. ü Identification and implementation of commercial contracts with major national and regional retailers as well as big chains. ü Identifying new products for inclusion in the program of manufacturing, testing them on the market in Romania to promote them on foreign markets.

OTHER ACTIVITIES: ü 2003 - 2005: The "New Materials, Micro and Nanotechnologies MATNATECH“ - The subject program "oxide semiconductor nanostructured materials based on doped barium titanate for heat-sensitive sensors. “ * Project in collaboration with the National Institute of Research - Development for Materials Physics, Bucharest. ü 2005 - 2008: The "Research CEEX“ - The subject project "Unconventional Materials for Microtechnology. Research and Experimentation microstructures based elastomers for applications in Microsystems. * Project conducted by the National Research Institute for Microtechnology, Bucharest ü 2006 - 2008: The "Research CEEX“ - The subject project "micro and nanostructured semiconductor materials for gas sensors and temperature. “ * Project conducted by the National Institute of Research - Development for Materials Physics, Bucharest ü 2009 - 2010: The European Project 7 (FP 7) "Capacities Research Infrastructure“ - The subject project "Basic Research in Nano Material production Phenomena and Processes". Research in the taking of nanomaterials using concentrated solar power - Procedes, Matériaux et Energie Solaire. * Project conducted by the Research Institute PROMES - CNRS, France

Products marketing and trade from our manufacturing industry on foreign markets. Market representation in Romania and neighboring countries with similar companies to our society, including insurance Service COOPERATION PROPOSALS: Lohn system collaboration by providing space and personnel. Collaboration on the assimilation of new products as required by internal and external partners. Collaboration on constructive projects and SDV requested by partners.

MANAGEMENT GENERAL MANAGER Bogdan FRUJINĂ bfrujina@ipee. ro COMMERCIAL MANAGER Liviu NICOLAE nliviu@ipee. ro PRODUCTION AND TECHNICAL MANAGER Florin DUMITRESCU ACCOUNT MANAGER Corina NEAGU dflorin@ipee. ro corina@ipee. ro Telephones: 0248. 724. 383 0248. 724. 102 Fax: 0248. 724. 254 www. ipee. ro ipeeati@ipee. ro office@ipee. ro ipeeati@yahoo. com