Teaser Memorandum

InvestmentOpportunitiesIn Korea

First half of 2017

Table of Contents

Important Notice ………………………………… 1

Key Summary ………………………………… 2

Investment Method ………………………………… 3

Business Plan ………………………………… 4

Product ………………………………… 5

Sales Network ………………………………… 10

Market ………………………………… 11

Financial Figures ………………………………… 12

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Private & ConfidentialKey Summary

구 분 Description

Establishment 9th of October 2010

Total Sales 500 million won

Website www.johnsmedia.co.kr

Current State

of Stake Holders

Young-ho Jung 40%, Hyun-ja Park 30%, Sa-rang Lee 30%

Location of Headquarter 402 Shinwon Building, 126 Hakdong-ro, Gangnam-gu, Seoul

Number of Employees 12 staffs

Major History 2010 ~ 2012

2013 ~ 2014

2015 ~ 2016

Incorporation of BoasSoft Co., Ltd.

Establishment of corporate built lab of BoasSoft Co., Ltd.

Venture Capitalism Certification

Corporate takeover of Infobay Co., Ltd.

Establishemnt of RFID asset management system in KARI

Establishment of RFID asset management system in ETRI

Registered Lotte Data Communication Company as Partners

Registered GABIA Inc. as Partners

Establishment of RFID asset management system in KISTI

Establishment of RFID asset management system in Seoul Metropolitan City

Establishment of Myhomepy service

Establishment of mobile recruitment interview, Mterview

Opened Boassoft RFID Asset solution

Opened Cloud RFID/NFC/Barcode service

Company Profiles

Investment Highlights

Key Factors • RFID/NFC/Barcode Asset Solution OK Wallet

Description RFID/NFC/Barcode Asset Solution, as an asset/goods management solution, are being recognized for their technology through diverse domestic customers. The solution is currently being applied to, and used between various clients through connection with ERP/MIS.

Client • Seoul City Hall

• Korea Aerospace Research Institute

• ETRI

• Korea Research Institute of Human Settlement

• Signed the MOU and is in business cooperation with

companies in Canada, Argentine Lithuania, and Indonesia

As our company conducted relevant business for more than 6years in the field of RFID/Barcode in South Korea, we possess diverse experiences and products in the corresponding field. Diverse customers, such as Seoul Metropolitan City, Aerospace Research Institute, Electronics and Telecommunications Research Institute, etc have introduced and are using our products, and we are being recognized for our technique. Moreover, we have released the corresponding products as Cloud service and developed them early this year in order to enable the products to be used at a lower cost; currently, we have launched such services.

Boassoft Co., Ltd is competing with technological prowess in the field of IoT, and will become a technologically progressive company in the relevant field by further developing MOU and cooperation with overseas firms.

2

Private & Confidential희망투자유치 방식

Type Description

Investment MethodBusiness cooperation, equity investment, establishment of joint corporation are possible, however, equity investment is practicable at maximum of 10%~15%

Investment Amount $ 1 Million of scale

Region U.S., Germany, Canada, UK, China, and other countries

Intended Useof Investment Funds

Scale up, and Golbal expansion

Overseas Customers None

Actual Exports None

Investment Requirement

Investment Method – $1 Million of scale / Business cooperation, equity investment, establishment of joint corporation are possible, however, equity investment is practicable at maximum of 10%~15%.

Intended Use of Investment Funds – Scale up, and Golbal expansion

3

Private & ConfidentialBusiness Plan

Business Plan by items

Type Description

RFID/NFC/Barcode

Solution and Cloud

Service

Expansion of various markets through Smart Cloud-RFID (RFID/NFC/Barcode/QRCODE) System.

Expansion of services and clients prospection through strategic convention with overseas companies

Products and service function updates systems such as SAP, Oracle, ERP of Saleforce products, CMS, MIS,

etc, which are logistics, management information, and customer relationship management system, so to

enable them to be applied in various fields through system connection.

Others Expansion into maintenance of H/W equipments and distribution of consumables Business expansion through direct H/W development

4

Forecasting Financial FiguresUnit : 1 million won

Valuation (at the end of 2018)

Subject 2016 2017 2018

Total Sales Amount 514 2,334 6,240

RFID/NFC/Barcode 359 1,634 4,368

Fintech 155 700 1,872

Others 0 0 0

Cost of Sales 0 3 0

Gross Profit 514 638 6,240

Selling and Administrative Expense 411 425 4,000

Business Profits 103 2,240

(Business Profit Rate) 20% 14.2% 35.9%

Non-operating Profit and Loss 0.005 - -4

Net Profit 86 7 2,236

R&D 98 443 1,248

R&D to sales 19% 19% 20%

(*) Smaller value between PER average for the past 2 years in manufacturing industry KOSPI and PER of recent month

Type Description

Estimated Price of Net Profit 2,236

Benchmark = Manufacturing Industry 14.13

Equity Value at the end of 2018 31,458

KRW 31,458

million

Equity Value Estimated Relative Value at the end of 2018

Private & ConfidentialProducts

Products – Smart Cloud-RFID (RFID/NFC/Barcode/QRCODE) System

8

Overview

Private & ConfidentialProducts

Products – RFID/NFC/Barcode Asset Solution/Cloud Service

9

Back-End System

Portable Reader Application Introduction

Private & ConfidentialSales Network

Current status of domestic sales network

Type of Sales Network– Domestic businesses are in progress by constructing a form of direct sales to the capital region and the provinces and performing marketing and operation at the companies.

10

Current status of overseas sales network

Since the end of 2016, the company is in progress of constructing business network through MOU and negotiations with HDC Marketing in Canada, Softorg Technology Indonesia, UAB Nadara of Lithuania, and companies in Argentina.

HDC Marketing UAB Nadara

Softorg TechnoloeyIndonesia

In discussion

Private & ConfidentialMarket

RFID/NFC/Barcode Solution/Cloud Market

According to the Machina Research, STRACORP in 2016, the relevant markets is on the rise of more than 50%.

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Last Year

(2016)

This Year

(2017)

Next Year

(2018)

World Market 369,000 505,000 861,000

Domestic Market 4,448 6,892 9,365

(Unit : 1 million won)

Combination of Cloud service and ‘RFID, NFC, Barcode, QRCODE’ solutions can largely simplify the complexity of the existing system.

Cloud based services neither need purchase(server) of hardwares for construction nor wait for field installation and technical assistance. Moreover, unnecessary to construct such complicated systems, cloud based services can be used in RFID, NFC, and Barcode solutions more faster and cheaper.

Since it reduces time on purchase and installation, customers using the services can not only reduce processing time in their job by using the system, but also leads to increase in productivity due to more devotion of time on utilizing them.

Market demand for introduction of ‘RFID, NFC, Barcode’ solutions through Cloud is increasing in both cost and administrative part, and as an anticipation by consulting firms on the above chart, sustained growth is forecasted.

Private & ConfidentialFinancial Figures

Major financial performance during the past 3 years

Subject2013

Unaudited

2014

Unaudited

2015

Audited

Total Sales Amount 546 316 514

Cost of Sales - - -

(Rate of Sales Cost) 0 0 0

Gross Profit 546 316 514

Selling and

Administrative Expense526 315 411

(Depreciation Cost) - - -

Business Profits 19 0.9 103

(Business Profits Rate) 3.4% 0.3% 20%

Net Profit -1 -14 86

(R&D) 44 0 98

(R&D to sales) 8% 0 19%

EBITDA -1 -14 86

Total Assets 788 858 908

Total Debt 627 711 674

Net Assets 161 147 234

Debt Ratio 391% 486% 289%

Unit : 1 million won

Recorded 5.14 million won in sales, 2016 – Sales in 2016 recorded 5.14 million won, which shows 62% increase in sales in comparison with 2015.

7.9% of average business profit rate – 20% of business profit rate in 2015, and 86% record of EBITDA rate shows satisfactory profitability. Interest cost in 2016 was 13 million won, and interest coverage rate of 7.9 also presents favorable financial structure state.

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