SHARE TRANSFER AGREEMENT
This Agreement, dated February 28, 2004, is entered into among the following parties:
(1) Liquidmetal Korea Co., Ltd., a company having its principal office at 884, Uhyun Hansan Industrial
Complex, Uhyun-ri, Chungbook-myun, Pyungtaek City, Kyunggi Province, (hereinafter, the "Transferor");
(2) Suh, Joo Ho, an individual residing at 404-503 Hyundai 4-cha Apt., Hyosung 2-dong, Kyeyang-ku, Incheon
City (hereinafter, the "Transferee"); and
(3) Dongyang Induction Co., Ltd., a company located at 223-580, Seoknam-dong, Seo-gu, Incheon City
(hereinafter, the "Company").
The Transferor owns 7,800 common shares issued by the Company with a par value of W5,000 (hereinafter, the
"Transfer Shares"), and the Transfer Shares comprise 51% of the Company's total issued shares.
The Transferee is a shareholder who owns 49% of the Company's total issued shares and is the incumbent
Representative Director of the Company.
The Transferor and the Transferee agree as follows as the Transferor desires to transfer the Transfer Shares to
the Transferee and the Transferee desires to acquire them.
Article 1 (Share Transfer)
The Transferor shall transfer the Transfer Shares to the Transferee on the closing date of this Agreement, and the
Transferee shall acquire them. The transfer price shall be W96,000,000. Because the Transferee has been in
charge of the Company management, the Transferor does not make any representation or warranties whatsoever
relating to the status of the Company in connection with the transfer of the Transfer Shares.
Article 2 (Handling of Company's Claim against Growell Metal Co., Ltd.)
(1) The Company supplied certain products to Growell Metal in accordance with the Vacuum Melting Furnace
and Pump System Supply Agreement and the 50Kg VIM Simple Type
Vacuum Melting Furnace Supply Agreement entered into with Growell Metal on October 19, 2002 (collectively,
the "Growell Supply Agreements"), and the Company hereby confirms that the purch