**AGREEMENT**

***18th***
***August***
***475-1      Gwachundong, Gwachun Shi***

**WITNESSETH:**

| 1. | Resignation                and Effective Date.                Dr. Lee shall voluntarily resign from his service with the Celsia                Korea as                Director and any other office and/or position held with Celsia Korea                effective as of [September 16, 2006]. Dr. Lee shall also resign from                his                service with Celsia UK as Director and CTO and any other office and/or                position held with Celsia UK as of [September 16, 2006], and from                his                service with Celsia US as CTO as of September 16, 2006. Dr. Lee shall                remain a director for Celsia US during his current term. Starting                from                September 1, 2006 until September 16, 2006, Dr. Lee shall be deemed                to                take an unpaid leave of absence. From September 1, 2006, without                prior                authorization by the Company, Dr. Lee shall not be present in the                premises                of the Company and shall contact neither other officers/employees                nor                customers of the Company. |
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| 2. | Payments                & Package.                The Company shall provide the following separation package to Dr.                Lee                (“Package”) |
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|   | (i)                salaries covering the period until August                31; |
|--------|---------------------------------------------------------------------------------|

|   | (ii)                reimbursement of business expenses claimed by Dr. Lee as shown in                **Attachment                1**. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------|

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|   | (iii)                the Company mobile phones currently provided to Dr. Lee (provided,                the                Company shall pay reasonable bills for the mobile phones until August                31,                2006 and Dr. Lee shall be responsible for payment of bills for the                mobile                phones after August 31, 2006); |
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|   | (iv)                the Company PC’s (including notebook PC) currently provided to Dr. Lee                (provided, the Company shall not be responsible for payment of any                bills                relating to PC’s after August 31, 2006);                and |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (v)                Dr. Lee may use the Company car currently provided to him until September                30, 2006; provided, however that Dr. Lee shall pay for gas charges                after                August 31, 2006. |
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| 3. | Method                for Payment.                The Company shall make the cash payments of the Package set forth                in                Article 2 above in check or by electronic transfer on or before September                1, 2006. |
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| 4. | Taxes.                The Company shall withhold taxes as required by law. Dr. Lee agrees                that                he shall be solely responsible for filing his tax returns and paying                any                applicable taxes to the local tax                authorities. |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5. | Full                and Final Settlement.                Dr. Lee acknowledges that the Package made pursuant to this Agreement                are                in full and final satisfaction of every existing and future entitlement,                right or claim which, but for the existence and fulfillment of this                Agreement, Dr. Lee might have in respect of his service and resignation                from the Company and any company affiliated with the Company including                Celsia UK, iCurie Inc., and without limiting the generality of the                foregoing, the satisfaction of any entitlement or claims that Dr.                Lee may                have to salary, bonuses, severance pay, all other benefits and                compensation received by Dr. Lee during his service with the Company                and                in connection with his resignation from the Company, and any and                all other                legal and statutory entitlement arising from his service with and                resignation from the Company. It is specifically agreed that Dr.                Lee is                not entitled to any severance pay. It is agreed that Dr. Lee has                no other                claims against the company in regard to business travel expenses                or any                other expense claims whatsoever. |
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| 6. | Waiver                of Legal Action.                Dr. Lee hereby waives and releases the Company and any company affiliated                with the Company, and its officers, directors, agents, employees,                legal                representatives or any other party with an interest in the Company                from                any claims arising out of Dr. Lee's service with and resignation                from the                Company and its affiliate(s), and Dr. Lee covenants that Dr. Lee                shall not                institute any action of any nature, in any administrative or judicial                forum, against the Company and any company affiliated with the Company,                its officers, directors, agents, employees, or any other party with                an                interest in the Company.***Also, the Company waives only legal action against Dr. Lee in accordance                with the claims in 6.*** |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7. | No                Disparagement.                Dr. Lee hereby agrees that he will not make any comments to any third                party which denigrate or disparage or otherwise make any statement,                or                permit or authorize any statement to be made, which is calculated                or                reasonably likely to damage the reputation or cause other damage                to the                Company (including any company affiliated with the Company, the Company's                directors, officers, employees and agents). |
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| 8. | Cooperation.                Dr. Lee agrees to use his best efforts to cooperate with and support                the                Company, its operations and policies through the end of his service                with                the Company and further agrees to resign from the Board of Directors                of                the Company and to fully cooperate to, among other things, deregister                him                from the Company registry. Specifically, Dr. Lee shall provide the                duly                executed resignation and other documents necessary to update the                court                registry on or before [August 31,                2006]. |
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| 9. | Confidentiality.                Dr. Lee and the Company shall hold in strict confidence and not disclose                to any person, firm and/or corporation the circumstances involving                his                resignation and the negotiation in relation to his resignation or                the                specific terms and conditions of this                Agreement. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10. | Return                of Company Property.                Except for the PC’s, desktop(s) and mobile phones discussed in Section                2(iii) to (v), Dr. Lee agrees that upon execution of this Agreement,                he                will immediately return to the Company all property, documents and                items                in his power, possession or control relating to the business of the                Company and shall not retain any copies thereof. This includes, but                is not                limited to any Company corporate seal, papers, keys, pagers, records,                documents, equipment (including computer notebook(s), electronic                discs,                and files and any computer passwords related thereto) and other                information, in whatever form, relating in any way to the Company,                unless                specifically excluded by this Agreement. The Company car currently                provided to Dr. Lee shall be returned to the Company on October 1,                2006. |
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| 11. | Non-Disclosure.                Dr. Lee agrees to hold in strict confidence and not disclose to any                person, firm and/or corporation or use confidential information and/or                trade secrets of the Company which he may have acquired through or                as a                result of his service with the Company, without the prior written                consent                of the Company. |
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| 12. | Waiver.                Dr. Lee acknowledges that all inventions which are conceived or made                by                him alone or with others, whether or not during usual business hours,                during the period of his service to the Company, shall belong to                the                Company, unless specifically disclaimed by the Company in writing,                provided that such are related to his services for the Company or                are                related in any manner to the Company’s business or are otherwise made                through the use of the Company's or its customers' time, facilities                or                materials. Dr. Lee waives any rights, entitlement or claims which                Dr. Lee                might have in respect to such inventions. |
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| 13. | Non-Competition.                Dr. Lee shall not for a period of eighteen (18) months immediately                after                his resignation from the Company, directly or indirectly, by any                means or                device whatsoever, for himself or on behalf of or in conjunction                with any                person, partnership or corporation, do any one or more of the                following: |
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|   | (1) | provide                    services similar to the Company's services or                    products; |
|--------|-----|-------------------------------------------------------------------------------------------------------|

|   | (2) | divert,                take away, or attempt to take away any account which he may have                become                aware of from customer information furnished to him by any employee                or                agent or former employee or agent of the Company; and |
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|   | (3) | compete                    with the Company, render employment/services for a competitor                    of the                    Company. |
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| 14. | Dr.                Lee agrees to not sell any of his shares of common stock until January                1,                2007. Furthermore, Dr. Lees agrees and understand that a leak out                provision shall apply of 1/15 shares per month of his total amount                of                shares from January 1, 2007. ***Compensation                agreement earned shares can be sold from first of January 2007 off                market                in private non-disclosed                transaction*** |
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| 15. | Non-Solicitation. |
|-----|-------------------|

| 16. | Indemnification.                Dr. Lee shall fully indemnify and hold the Company harmless for any                liability from any civil or criminal proceeding or litigation arising                out                of his acts or omissions not endorsed by the Company and shall fully                cooperate with the Company and the relevant authorities in any                investigation or inquiry in furtherance of such proceeding or litigation.                ***Also,                the Company indemnify Dr. Lee harmless in accordance with                16.*** |
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| 17. | Liquidated                Damage.                Further, in the event Dr. Lee violates any one or more of the foregoing                covenants, acknowledging that damages arising from any breach of                the                covenants provided above are extremely difficult to compute and                recognizing that it is beneficial for both parties to establish an                amount                of liquidated damages that would be paid in the event Dr. Lee breaches                the                provisions of Articles 6 through 14 above, Dr. Lee shall pay the                Company a                sum equal to the payments as set forth in Article 2 (i) & (ii) above.                The Company's right to such damages shall be in addition to any rights                of                the Company to have any of Dr. Lee’s acts, which may breach the provisions                of Articles 6 through 14above, enjoined, and further that the Company's                right to such damages shall not be a waiver of any other remedies                the                Company may have against Dr. Lee due to any act of Dr. Lee which                may                breach the provisions of Articles 6 through 14                above.] |
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| 18. | Governing                Law, Dispute Resolution and Language.                This Agreement shall be governed by and construed in accordance with                the                laws of the Republic of Korea. All disputes, controversies or differences                which may arise between the parties hereto, out of or in connection                with                this Agreement, or for the breach thereof which are not amicably                resolved                between the parties shall be finally resolved by litigation before                courts                in Korea. This Agreement is executed in the English language, which                shall                prevail over any translation thereof. |
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| **Celsia Technologies              Korea              Inc.** |                                 |   | **Dr. Jeong Hyun              Lee** |
|--------------------------------------------------------------|--------------------------------------|--------|-------------------------------------|
|                                                         |                                 |   |                                |   |   |
| By                                                           | /s/ Hakan              Wretsell |   |                                | By | /s/ Jeong              Hyun Lee |
|                                                         |                                      |   |                                |   |  |
| Name:                                                        | Wretsell                             |   |                                | Name: | Jeong              Hyun              Lee |
| Title:                                                       | CEO                                  |   |                                | Res. No.: | 640109-1019339 |

| **Celsia Technologies                UK                Limited** |                                   |   |   |
|------------------------------------------------------------------|----------------------------------------|--------|--------|
|                                                             |                                   |   |   |   |   |
| By                                                               | /s/ Hakan                Wretsell |   |   |   |   |
|                                                             |                                        |   |   |   |  |
| Name:                                                            | Wretsell                               |   |   |   |   |
| Title:                                                           | CEO                                    |   |   |   |   |

| **iCurie, Inc.** |                                   |   |   |
|------------------|----------------------------------------|--------|--------|
|             |                                   |   |   |   |   |
| By               | /s/ Hakan                Wretsell |   |   |   |   |
|             |                                        |   |   |   |  |
| Name:            | Wretsell                               |   |   |   |   |
| Title:           | CEO                                    |   |   |   |   |

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**Attachment      1**

**Reimbursement      of Business Expenses**

***84***

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| To:    | Celsia                  Technologies Korea Inc. |
|--------|-------------------------------------------------|
|   | Celsia                  Technologies UK Limited |
|   | iCurie                  Inc. US                 |

**LETTER      OF RESIGNATION**

|   |   |   |   | Date:  | August _18_,                2006       |
|--------|--------|--------|--------|--------|----------------------------------------|
|   |   |   |   |   |                                   |
|   |   |   |   |   |                                   |
|   |   |   |   | By     | /s/ Jeong                Hyun Lee |
|   |        |   |   | Name:  | Jeong                Hyun Lee          |

*[To      be sealed using certified individual seal and to attach an official copy of      the      certificate of individual seal impression]*