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CURTEA DE ARGE Ş Registering no.: J03 / 1229 / 2004 Fiscal code: RO 16599276

S.C. IPEE AMIRAL TRADING IMPEX S.A. LOCATION: CURTEA DE ARGE Ş Southern Romania, 150 km northwest of Bucharest 40 km from Pitesti 40 km from Ramnicu Valcea 30 km from Fagaras mountains.

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CURTEA DE ARGE Ş Registering no.: J03 / 1229 / 2004 Fiscal code: RO 16599276

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  1. S.C. IPEE AMIRAL TRADING IMPEX S.A. • LOCATION: CURTEA DE ARGEŞ • Southern Romania, 150 km northwest of Bucharest • 40 km fromPitesti • 40 km fromRamnicuValcea • 30 km fromFagarasmountains ACCESSIBILITY: - National road DN 1 - Highway A1 - Railway - Henri Coanda Airport - Bucharest CURTEA DE ARGEŞ Registering no.: J03 / 1229 / 2004 Fiscal code: RO16599276 • ADDRESS:Albeşti street no.5,Curtea de Arges, 115300ArgesCounty, ROMANIAwww.ipee.ro

  2. * CAPITAL : 224.000EURO * TURNOVER 2011: 3.750.000EURO • 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. • 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".

  3. 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 235 employees with an area of aproximate 8000 sq.m., of which: ≈ 3.500 sq.m. productionspaces. ≈ 1.200 sq.m. storagespace. ≈ 400 sq.m. offices.

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

  5. PRODUCTION ACTIVITIES: • Mechanicalprocessing • Machiningcutting, turning, milling, drillinggrinding, processingbycoldpressing (punching, bending, stamping) processing on automatic lathesupto Ø 10 diameter, mechanicalcuttingbandsaw, scissors, guillotineandoxyacetylene flame cutting, electric weldingpoints. • Plasticinjection • Plasticinjection of plastic partspolypropylene, ABS, edistir, simple polyamideand 60% fiberglass, polyethylene.Wehave 8 injectionmachines, thelargestwith 270 tonslockingforceand 500 g mass injected. • Electrical BLC • Lowvoltage electric appliance, thermostatedelectrical incubator, voltageregulators, solderingirons. • Mechanical BLC • Householdproducts • Toolroom • Toolroomperformance plastic injectionmolds, moldsanddevices • Research • Implementingprojects of productsandprojectsofmoldsand plastic injectionmolds • Products are manufactured in accordance with Quality Management System, ISO 9001 (certification SRAC, and IQ NET). • We have certificates of conformity and test reports issued by OICPE - Bucharest: extension cords, switches, sockets, plug, triple plug, couplers, antimosquito devices, electrical incubators.

  6. COMMERCIAL ACTIVITIES: • National distributionthroughitsowndistributionnetwork: • Marketing in European Union countries (Spain, Italy, Slovakia, Czech Republic, Poland, Hungary, Bulgaria and Greece) and in Moldova. • Community acquisitions. • Promoting products through participation in fairs and exhibitions of national and international profile. • Identification and implementation of commercial contracts with major national and regional retailers as well as big chains. • Identifying new products for inclusion in the program of manufacturing, testing them on the market in Romania to promote them on foreign markets.

  7. OTHER ACTIVITIES: • 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. • 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 • 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 • 2009 - 2010: The European Project 7 (FP 7) "CapacitiesResearchInfrastructure“ • - The subjectproject "Basic Research in Nano Material productionPhenomenaandProcesses". Research in thetaking of nanomaterialsusingconcentrated solar power- Procedes, Matériaux et Energie Solaire. • * Project conductedbytheResearch Institute PROMES - CNRS, France

  8. COOPERATION PROPOSALS: Products marketingand trade from our manufacturing industry on foreign markets. Market representation in Romania andneighboringcountrieswith similar companiestooursociety, includinginsurance Service Lohnsystemcollaborationbyprovidingspaceandpersonnel. Collaboration on theassimilation of newproducts as requiredbyinternalandexternalpartners. Collaboration on constructive projects and SDV requested by partners.

  9. MANAGEMENT GENERAL MANAGER Bogdan FRUJINĂbfrujina@ipee.ro COMMERCIAL MANAGER Liviu NICOLAEnliviu@ipee.ro PRODUCTION AND TECHNICAL MANAGER FlorinDUMITRESCUdflorin@ipee.ro ACCOUNT MANAGER Corina NEAGUcorina@ipee.ro Telephones:0248.724.383ipeeati@ipee.ro 0248.724.102 office@ipee.ro Fax: 0248.724.254ipeeati@yahoo.com www.ipee.ro

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