1st AMENDMENT to OEM SALES AND PURCHASE AGREEMENT

This 1st AMENDMENT to OEM SALES AND PURCHASE AGREEMENT (hereafter called this “1st
Amendment”) is made and effective as of 7th of September 2016 by and between;

GUANGDONG GALANZ MICROWAVE ELECTRICAL APPLIANCES MANUFACTURING CO., LTD.,

(formally Guangdong Galanz Microwave Oven and Electrical Appliances Manufacturing Co., Ltd., with its
principal office located at No.25 Ronggui Nan Road, Ronggui, Shunde, Foshan Guangdong., P.R. China) a
company duly organized and existing under the laws of People’s Republic of China, with its principal office
located at No.3, Xingpu Avenue, Huangpu Town. Zhongshan City, Guangdong Province, China (hereinafter
called "Seller"), and

PT. Haier Sales Indonesia, a company duly organized and existing under the laws of Indonesia with
its principal office located at JL. Danau Sunter Barat A III, No. 38-39 Jakarta Utara 14350, Indonesia
(hereinafter called “Buyer”);

WITNESSETH:

WHEREAS, Seller and Buyer have made and entered into an OEM SALES AND PURCHASE
AGREEMENT as of 31st day of March, 2012 (hereinafter called the “Original Agreement”) and
AMENDMENT as of 30th day of July, 2012 (hereinafter called the “1st Amendment”) ;

WHEREAS, Seller, Subcontractor and Buyer desire to make amendments and additions to certain
provisions of the original Agreement and the 1st Amendment.

NOW THEREFORE, under the covenants and premises herein, the parties hereto do hereby confirm
and agree as follows;

1. Definition
The terms used in this 1st Amendment shall have the same meanings in the Original Agreement unless
otherwise specified herein.

2. Amendments

1. Article 1.A (a) of the Original Agreement shall be deleted in its entirety and replaced with the
followings;

1. A. Haier Asia

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 (a) The parties agree that the Buyer shall authorize AQUA Co., Ltd. (hereinafter referred to as
“HA”), a licensee of the trademark of SANYO and a licensor of trademark of AQUA in the territory,
to conduct administrative work regarding the transaction of the Products, including without
limitation, product planning, quality assessment and instruction on proper use of trademark under
this Agreement.

2. Article 2.0 (a) of the Original Agreement shall be deleted in its entirety and replaced with the
followings;

2.0 The Products and the Manufacturing Plant

(a) The Products shall mean certain types of air coolers under the trademarks of “SANYO” and/or
“AQUA” (hereinafter called “Trademarks”) which will be affixed permanently on the cabinet of the
Products, individual box and other printed materials according to the design and specifications initiated
by Seller per HA’s instruction and approved by HA, as more fully described in Exhibit A, Product
Description, and any other models of the Products which may hereafter be added to and/or deleted
from upon mutual agreement between Seller and HA. Upon parties hereto agrees such addition or
deletion of the Products, Exhibit A, Product Description shall be revised accordingly. Seller may not
sell directly or indirectly the Products to any party(ies) other than Buyer unless otherwise expressly
approved by HA in writing.

3. Article 12.1 (a)(b) and (d) of the Original Agreement shall be deleted in its entirety and replaced
with the followings:

12.1 Trademarks

The Products supplied hereunder shall bear the Trademarks as further defined in sub-Article
12.1 (a) hereof and no others.

(a) Seller shall be responsible jointly and severally affix or indicate the Trademarks in the
manner specified by Buyer and/or its designee, and strictly in accordance with Exhibit D,
SANYO CI DESIGN GUIDE, Exhibit E: AQUA VI DESIGN GUIDE hereof.

(b) Seller hereby acknowledges and accepts that the Trademark of SANYO is the exclusive and
sole property of SANYO Electric Co., Ltd., a Japanese company having its principal office at
5-5 Keihanhondori 2-chome, Moriguchi City, Osaka 570-8677, Japan (“SANYO Licensor”)
and the Trademark of AQUA is exclusive and sole property of HA, a Japanese company
having its principal office at Meiji Yasuda Seimei Bldg.10F, 2-1-1 Marunouchi, Chiyoda-ku,
Tokyo, 100-0005 Japan (“AQUA Licensor”) (SANYO Licensor and AQUA Licensor are
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 hereinafter collectively referred to as “LICENSORS”) and that HA is a licensee of the
Trademarks of SANYO in the Territory and Buyer is licensed to have Products made by Seller
on Buyer’s behalf under Buyer’s “have-made” rights. Furthermore, Seller hereby expressly
undertakes not to challenge or contest the validity or ownership of LICENSORS’s right to the
Trademarks wholly or in any parts of the Territory, and shall further refrain from weakening,
diminishing, derogating, damaging or deteriorating the value or the goodwill of the
Trademarks in any manner whatsoever.

(d) No authority or license is granted to Seller herein to use any trademarks owned by Licensor in
any country. What granted to Seller under this Agreement is to manufacture the Products
bearing the Trademark in accordance with Buyer’s purchase orders and subject to Exhibit D
and Exhibit E as well as instructions given by HA from time to time, and sell and ship the
said Products to Buyer.

4. Article 19.8 of the Original Agreement shall be deleted in its entirety and replaced with the
followings;

All notices to be given hereunder shall be in writing and sent with all postage or forwarding charges
prepaid and addressed as follows;

AS TO Seller: AS TO Buyer:
GUANGDONG GALANZ MICROWAVE PT. Haier Sales Indonesia
ELECTRICAL APPLIANCES MANUFACTURING JL. Danau Sunter Barat A III, No. 38-39,
CO., LTD., Jakarta Utara 14350, Indonesia
No.3, Xingpu Avenue, Huangpu Town. Zhongshan
City, Guangdong Province, China
Attention: Ms. Rita Lu Attention: Ms. Ratih Nadiah
AS TO HA:
AQUA Co., Ltd.
10th Floor, Meiji Yasuda Seimei Building, 2-1-1
Marunouchi, Chiyoda-ku, Tokyo 100-0005,
Japan

Attention: Ms. Masako Tsutsui

at Shin Osaka Trust Tower 7F, 3-5-36,
Miyahara, Yodogawa-ku, Osaka-shi, Osaka,
532-0003, Japan
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Any notice under this Agreement between the parties hereto shall be deemed delivered, when received
by the other party.

3. Effectiveness

This 1st Amendment shall become into full force and effect upon the date first above written. Except as
specifically supplemented and amended between the parties hereto by this 1st Amendment, the
Original Agreement shall continue in full force and Effect. The parties hereto agree that the Original
Agreement and this 1st Amendment shall be read together and construed as one (1) document where
necessary to give effect to the provisions of this 1st Amendment.

IN WITNESS WHEREOF, the duly authorized officers of the parties hereto have executed this 1st
Amendment as of the date first above given.

For GUANGDONG GALANZ MICROWAVE For PT. Haier Sales Indonesia

ELECTRICAL APPLIANCES JL. Danau Sunter Barat A III, No. 38-39,
MANUFACTURING CO., LTD., Jakarta Utara 14350, Indonesia
No.3, Xingpu Avenue, Huangpu Town.
Zhongshan City, Guangdong Province, China

_______________________________________

Name: ________________________________________________

Title: Name: Kenji Sadayuki

Title: President Director
TABLE OF EXHIBITS
Exhibit E: AQUA VI Design Guide