THIS AGREEMENT made and entered into effective as of November 1 , 2004, between ISCO
PRECISION OPTICS GmbH, Anna-Vandenhoeck-Ring 5, 37081 Gottingen, Germany, (hereinafter referred to
as “ISCO”) and BALLANTYNE OF OMAHA, INC., a Nebraska corporation, 4350 McKinley Road,
Omaha, Nebraska 68112, (hereinafter referred to as “Ballantyne”), pursuant to which Ballantyne will act as the
exclusive distributor for the products set forth in Annex “A”, attached hereto and by this reference incorporated
herein (Annex “A”) in the United States of America, Canada, and Mexico, (hereinafter referred to as the
NOW, THEREFORE, the parties hereto agree and covenant as follows:
1. GRANT OF DISTRIBUTORSHIP .
ISCO hereby grants Ballantyne, subject to the provisions of this Agreement, the exclusive right to sell, lease,
or otherwise distribute and service the ISCO products identified in the attached Annex “A”. Ballantyne agrees to
go on exhibitions, to advertise in corresponding magazines and to undertake all necessary steps to market the
ISCO products, to secure business and markets for the named products of ISCO in such Territory, to develop
and maintain a substantial volume of sales of said products, to use diligent efforts to establish contacts with
customers, promote ISCO’s products and develop customer specifications consistent with those of ISCO’s
products. In addition, Ballantyne will seek new product ideas or new application ideas and from time to time
forward them as feedback to ISCO.
Annex “A”, as attached at the time of the signing of this Agreement, is for illustrative purposes only to
provide an initial list of products to be covered by this Agreement. At the effective date of this Agreement, the
parties will initial and attach the ISCO Distributor Price List in effect on that date. Ballantyne shall not distribute
or sell in the Territory any products which are not produced by ISCO.