Document:

Filed by sedaredgar.com - Meridian Co. Ltd. - Exhibit 10.1

***Denotes certain parts that have not been disclosed and
have been filed separately with the Secretary, Securities and Exchange
Commission, and is subject to a confidential treatment request pursuant to Rule
24b-2 of the Securities Exchange Act of 1934, as amended.

EXCLUSIVE DISTRIBUTION AGREEMENT 

THIS AGREEMENT dated as of Nov. 1, 2007 is entered into by and
between Meridian Co. Ltd., a company incorporated under the laws of the
Republic of Korea, having its principal office located at 3Fl., Poonglim Techone
B/D, 273-10, Sungsu-Dong 2 Ga, Seongdong-Gu, Seoul, Korea (“Manufacturer”) and
Modem Co., a company incorporated under the laws of [Egitim Mah. Poyraz
Sok. Sadikoglu 1 i~ Mkz. Kat:1No:23Hasanpasa/ Kadikoy-iSTANBULTURKiYE]
(“Distributor”). 

WHEREAS: 

A.      Manufacturer is a
manufacturer and distributor of medical devices, including the Lapex 2000 BCS,
which forms the subject matter of this Agreement;

B.      Distributor is engaged in
the business of the sale and distribution of specialty medical devices and
related products in Turkey. 

C.      Manufacturer and
Distributor wish to enter into this Agreement to appoint Distributor as the
exclusive distributor of the Lapex 2000 BCS in Turkey, subject to the terms and
conditions of this Agreement. 

THIS AGREEMENT WITNESSES that in consideration of the premises
and the mutual covenants of the parties, the parties agree as follows: 

1.        Definitions

          In
this Agreement, any terms not otherwise defined in the Agreement shall have the
following meanings: 

          (a)      “Effective
Date” means the date first written above; 

          (b)     
“FOB” means free on board the location indicated;

          (c)      “BCS”
means the Lapex 2000 BCS, as modified or improved from time to time,
manufactured and distributed by Manufacturer; 

          (d)     
“Manufacturer’s Trademarks” means all trademarks and trade names owned, adopted
or licensed by Manufacturer;

          (e)      “Products”
means Lapex 2000 BCS;

          (f)     
“Qualified End-user” means a purchaser of a Product from Distributor; 

          (g)      “Term”
means the term of this Agreement set forth in section 15.1;

          (h)      “Territory”
means the Turkey only.

          (i)     
“Unit” means one Lapex 2000 BCS. 

2.        Grant of
Exclusive Distributorship 

2.1      Manufacturer hereby
appoints Distributor as the exclusive distributor of the Products in the
Territory, and Distributor hereby accepts such appointment, subject to the terms
and conditions of this Agreement. Manufacturer shall not sell or authorize the
sale of any Product within the Territory other than by or through Distributor
without the prior written consent of Distributor. 

2.2      Distributor shall not import,
export, purchase, sell or distribute any lines or products that directly compete
with the Products covered by this Agreement.

2.3      Distributor shall not have a
business relationship of any kind with a company that produces any goods that
compete or may compete with the Products.

2.4      Distributor shall not
directly or indirectly distribute the Product outside the Territory without the
prior written consent of Manufacturer. 

3.      Effective Date

          This
Agreement shall take effect on the Effective Date.

4.        Minimum
Purchase Requirements 

4.1      Distributor shall place the
following minimum orders during the Term of the Agreement: 

(a) *** Units in 1st
year of the Term, Year 2008; and

(b) *** Units in 2nd
year of the Term, Year 2009

4.2      The first purchase order
placed pursuant to this Agreement shall be for 10 Units and shall be issued
concurrently with the execution of this Agreement.

4.3      All purchase orders
shall be followed as Appendix-1 by distributor. 

4.4      All purchase orders for
any month shall be placed no later than the end of the prior month.

4.5      If Distributor is in
breach of the above covenants and such breach was not caused by the failure of
Manufacturer to timely ship Units, Manufacturer may, at its option, terminate
this Agreement or terminate Distributor’s status as an exclusive distributor in
the Territory.

5.        Pricing and
Payment Terms 

5.1      The Unit purchase price
hereunder shall be ***. 

5.2      All prices are based on
CIF Istanbul port or CIP Istanbul airport.

5.3      All orders shall be
accompanied by 100% pre-payment before shipment. 

          
(50% pre-payment with order, the rest of 50% pre-payment before shipment) 

5.4      Unless otherwise agreed
upon by Manufacturer, all payments hereunder shall be made by wire transfer
(Telegraphic transfer).

6.       Other Terms of
Sale 

      
   Manufacturer will ship all Products within Three(3) weeks
after receipt of purchase order together with 100% pre-payment.

7.      Custom Clearance, Import
Authorization, Etc. 

          Distributor
shall be responsible for all legal and regulatory issues respecting the import
and distribution of the subject matter of this Agreement, including custom
clearance, import authorization and regional regulatory approvals, except
Manufacturer shall be responsible for CE approval for the Product, at the
expense of Distributor. 

8.        Transfer of
Title, Risk of Loss, Etc. 

8.1      Risk of loss due to damage or
destruction of Products shall be borne by Distributor after delivery of Products
to Distributor. Confiscation, destruction, theft or other loss, or any damage
to, the Products will not diminish or release the liability of Distributor to
pay for Products, except where due to the negligence, intentional act or
omission to act, of Manufacturer. 

8.2      Distributor is responsible
for and will pay all transportation, delivery, insurance and other charges
associated with the Products after delivery of the Products to Distributor, and
any duties, clearance charges, and federal, state or value-added taxes which may
be applicable to the supply of the subject matter of this Agreement.

9.        Support

9.1      Distributor will
establish a customer service desk at the expense of Distributor and shall inform
all purchasers of the existence of the customer service desk with applicable
contact information. The customer service desk will be responsible for all
customer inquiries, including acting as a trouble shooting center. Manufacturer
reserves the right to monitor the effectiveness of the Distributor customer
service desk from time to time. To this end, Distributor will provide reasonable
access to its customer service personnel and operations upon request by
Manufacturer. If, in the reasonable opinion of Manufacturer, the quality of
service provided by the Distributor customer service desk has fallen below a
reasonably acceptable standard, Manufacturer shall give notice to Distributor
that service levels are unacceptable, with particulars of the presence or
absence of substandard service. Distributor shall be deemed to be in default
under the Agreement upon the giving of notice. Failure by Distributor to remedy
the problems cited in the notice within 30 days of the date of delivery of
notice, as per the provisions of section 15.2 of this Agreement, shall entitle
Manufacturer to its termination remedies under section 15.2. 

9.2      Distributor shall also
provide, at its sole expense, reasonable "after sale" support to Qualified
End-users.

9.3      Distributor shall
maintain customer complaint files pursuant to applicable regulatory
requirements. 

10.      Training 

10.1     Within 30 days of the Effective
Date, Manufacturer will provide to Distributor one complete day of “Train the
Trainer” training in Seoul, Korea. Each party will bear its own expenses
respecting travel, accommodation and other expenses related to the initial
training session. Manufacturer will provide any additional training services to
Distributor on a time and materials basis.

10.2     Distributor is solely responsible
for training Qualified End-users on the use of the Products and providing
certification of designated personnel of Qualified End-users.

10.3     Distributors shall submit to
Manufacturer for written pre-approval all written training materials to be
supplied by Distributors to Qualified End-users. Such approval will not be
unreasonably withheld. 

11.      Sales &
Marketing 

11.1     Distributor shall actively market
the Products in the Territory.

11.2     Distributor shall, provide and
maintain a proper and sufficient sales force.

11.3     Distributors shall submit to
Manufacturer for written pre-approval all written sales and marketing materials
to be used by Distributor.

11.4     Manufacturer shall, at its own
expense, provide Distributor with electronic copies of marketing and technical
information concerning the Products, brochures, instructional material,
advertising literature, and other Product data. Distributor is responsible for
reproducing this material at its own expense unless otherwise negotiated with
Manufacturer.

11.5     Manufacturer shall inform
Distributor of new product developments that are competitive with the Products
and other market information and competitive information as discovered by
Manufacturer from time to time.

11.6     Distributor shall neither
advertise the Products outside the Territory nor actively solicit sales from
purchasers located outside the Territory, without the prior written consent of
Manufacturer, except it may advertise the Products on its website(s) and solicit
sales from purchasers that call after visiting the website. If a potential
purchaser is located in a territory outside the Territory, Distributor will
provide the contact information to Manufacturer to pursue.

11.7     If and when Manufacturer receives
any inquiries regarding Products from a prospective buyer in the Territory,
Manufacturer will inform the prospective buyer that there is an authorized agent
in the Territory and will immediately forward to Distributor the contact
information for the prospective buyer.

12.      Reporting 

         
 Distributor shall provide quarterly reports for Units sales, inventory,
market trend and other information reasonably requested by Manufacture.

13.      Manufacturer’s
Trademarks 

13.1     During the Term of this Agreement,
Distributor may indicate to the public that it is an authorized distributor of
the Products and advertise (within the Territory) such Products under
Manufacturer's Trademarks. Nothing herein shall grant Distributor any right,
title, or interest in Manufacturer's Trademarks. At no time during or after the
Term of this Agreement shall Distributor challenge or assist others to challenge
Manufacturer's Trademarks or the registration thereof or attempt to register any
trademarks, marks or trade names confusingly similar to Manufacturer’s
Trademarks.

13.2     All presentations of
Manufacturer's Trademarks that Distributor intends to use shall first be
submitted in writing to Manufacturer for approval (which approval shall not be
unreasonably withheld and which approval shall be communicated to Distributor
within two business days of request) of design, color, and other details or
shall be exact copies of those used by Manufacturer.

13.3     Distributor shall not modify,
white label or delete the name, serial number, model number or trademark
attached to or marked on Products.

14.      No Partnership or
Joint Venture 

      
    Nothing contained in this Agreement shall be construed
to (i) give any party the power to direct and control the day-to-day activities
of the other, (ii) constitute the parties as partners, joint venturers,
co-owners or otherwise, or (iii) allow Distributor to create or assume any
obligation on behalf of Manufacturer for any purpose whatsoever. All financial
and other obligations associated with Distributor business are the sole
responsibility of Distributor. 

15.       Term and
Termination 

15.1     This Agreement shall be for a term
of three years commencing on the Effective Date, unless earlier terminated. 

15.2     This Agreement may be terminated:

          (a)     
at the option of either party if the other party materially defaults in the
performance or observance of any of its obligations hereunder and fails to
remedy the default within 30 days after the date of written demand therefor;

          (b)      at
the option of either party if the other party becomes insolvent or bankrupt or
makes an assignment for the benefit of creditors, or if a receiver or trustee in
bankruptcy is appointed for the other party, or if any proceeding in bankruptcy,
receivership, or liquidation is instituted against the other party and is not
dismissed within 30 days following commencement thereof; or 

          (c)      at
the option of Manufacturer, under section 4.4. 

15.3     Each party’s trademarks, trade
names, patents, copyrights, designs, drawings, formulas or other data,
photographs, demonstrators, literature, and sales aids of every kind shall
remain the property of that party. Within 30 days after the termination of this
Agreement, each party shall return all such items to the other party. Neither
party shall make or retain any copies of any confidential items or information
that may have been entrusted to it. Effective upon the termination of this
Agreement, each party shall cease to use all trademarks, and trade names of the
other party.

16.      Quality Inspection and
Warranty 

16.1     Upon receipt of Products,
Distributor or its agent shall inspect Products to ensure they meet
Distributor’s quality standards. If a Unit or any part thereof does not meet the
applicable quality standard, Manufacturer will replace the defective Unit or
part without charge.

16.2     Distributor shall provide written
notice of failure of a Unit to meet applicable quality standards within 30 days
of Distributor’s receipt of Unit.. The written notice shall provide a detailed
explanation of the deficiencies associated with the Unit.

16.3     Manufacturer warrants that, for a
period of one year from date of delivery, the Products supplied under this
Agreement will be free from defects resulting from defective 

materials or workmanship. Manufacturer will provide, at its
option and without charge, replacement parts or repairs for Products which fail
as a direct result of defective materials or workmanship with the warranty
period.

16.4    The warranties in sections 16.1 and
16.3 above are limited warranties and do not apply in the following
circumstances: 

          (a)      the
Product has been damaged by misuse, accident, negligence or failure to provide
and maintain the environmental requirements for such Product specified by
Manufacturer;

          (b)      the
Product has been damaged by modifications, alterations or attachments not
authorized by Manufacturer; or 

          (c)      the
Product has not been installed and operated in accordance with instructions of
Manufacturer. 

16.5   The warranties set forth in this
Agreement are the sole warranties made by Manufacturer with respect to the
Products, and Manufacturer makes no other warranties or representations, express
or implied, with respect to the Products. Manufacturer disclaims and excludes
any implied warranty of fitness for a particular purpose. Distributor
acknowledges that there are no warranties that extend beyond the warranties
described in this Agreement. 

17.       Confidentiality

          
The parties acknowledge that by reason of the relationship hereunder each party
will have access to certain information and materials concerning business plans,
pricing, discount conditions, customers, product specifications, technology, and
products that is confidential and of substantial value, which value would be
impaired if such information were disclosed to third parties. Neither party
shall use in any way for its own account or the account of any third party, nor
disclose to any third party, any such confidential information revealed to it by
the other party. In the event of termination of this Agreement, there shall be
no use or disclosure by either party of any confidential information. 

18.        Notices

18.1     All notices, requests or other
communication required or permitted to be given under this Agreement shall be
given in writing and shall be personally delivered, couriered or faxed and
addressed as follows: 

	 	(a) 	
      to Meridian Co. Ltd.

	 	 	 
	 		
      3F Poonglim Tech-one B/D, 273-10, Sungsu-Dong 2 Ga,
      Seongdong-Gu, Seoul, Korea

	 		
      Attention: Hyeon Seong Myeong 
Facsimile:
      82-2-2103-3333

	 	 	 
	 	(b) 	
      to Modem Co.

	 		
      [Egitim Mah. Poyraz Sok. Sadikoglu 1 i~ Mkz.
      Kat:1No:23Hasanpasa/ Kadikoy-iSTANBULTURKiYE]

	 	 	 
	 		
      Attention: [Atila Demiral] 
Facsimile: [+90216
      336 7400]

18.2     Any notice personally delivered
will be effective on the date of delivery and any notice sent by facsimile will
be effective on the day of transmission. 

18.3     Any notice delivered by courier
will be effective on the day of acknowledgment of written receipt of courier
delivery.

18.4     Any party may give written notice
of a change of address in the same manner, in which event such notice shall
thereafter be given to it as above provided at such changed address. 

19.        Limitation on
Liability 

19.1     The liability of Manufacturer for
any cause whatsoever, and regardless of the forms of action, whether in contract
or in tort, including negligence, shall be limited to the direct damage suffered
by the end user of the Product, and any damages payable by Manufacturer shall
not exceed the amount of money paid by Distributor to Manufacturer. 

19.2     Manufacturer shall not be liable
to any person for any special, indirect or consequential damage, including lost
profits, lost revenues, failure to realize expected savings, or other commercial
or economic losses of any kind, even if Manufacturer had been advised or the
possibility of such damage. 

19.3     In the event of termination by
either party in accordance with any of the provisions of this Agreement, neither
party shall be liable to the other, because of the termination, for
compensation, reimbursement or damages on account of the loss of prospective
profits or anticipated sales or on account of expenditures, investments, leases
or commitments in connection with the business or goodwill of Manufacturer or
Distributor.

20.        Reverse
Engineering 

            During
the Term of this Agreement and thereafter, Distributor shall not manufacture or
have manufactured any devices, components or assemblies utilizing the
intellectual property of Manufacturer.

21.        General

21.1     Waiver. The failure by a
party to require performance of another party of any provision hereof shall not
affect in any way nor derogate from the full right to require such performance
at any time thereafter, nor shall the waiver by a party of a breach of any
provision hereof be held to be a waiver of the provision itself. No breach shall
be excused unless such waiver or excuse of breach is in writing and signed by
the waiving or excusing party. No written waiver or excuse shall constitute a
waiver or excuse of any other or subsequent breach. 

21.2     Arbitration. All disputes,
controversies or differences which may arise between the parties out of in
relation to or in connection with this Agreement or for the breach thereof shall
be settled by arbitration in Seoul, Korea in accordance with the Commercial
Arbitration Rules of the Korean Commercial Arbitration Board and under the Law
of the Republic of Korea. The award rendered by the arbitrator shall be final
and binding upon the parties.

21.3     Translation. Regardless of
any executed translations of this Agreement (e.g. Korean version), this English
version of the Agreement shall have priority.

21.4     No Assignment. The rights
and obligations of Distributor under this Agreement may not be transferred or
assigned directly or indirectly.

21.5     Enurement. This Agreement
shall be binding upon and inure to the benefit of the parties hereto, their
successors and assigns. 

21.6     Entire Agreement. This
Agreement supersedes any other agreements, either oral or written, among the
parties and contains all of the agreements among the parties pertaining to its
subject matter. The parties acknowledge that no representations, inducements,
promises or agreements, orally or otherwise, have been made by any party or
anyone acting on behalf of any party that are not embodied herein. No
modification hereof shall be effective unless in writing and signed by the
parties. 

21.7     Rights Cumulative. All
rights and remedies provided pursuant to this Agreement or by law shall be
cumulative, and no such right or remedy shall be exclusive of any other. A party
may pursue any one or more rights or remedies hereunder or may seek damages or
specific performance in the event of another party's breach hereunder or may
pursue any other remedy by law or equity, whether or not stated in this
Agreement. 

21.8     Purchase Orders. Any
purchase order issued in respect of this Agreement will be subject to the terms
and conditions of this Agreement and, in the event of any inconsistency between
this Agreement and such purchase order, this Agreement will govern unless
Manufacturer expressly in writing consents to a term of the purchase order
overriding this Agreement. If any purchase order introduces a term or condition
not covered by this Agreement, then Manufacturer shall not be bound by such term
of condition unless Manufacturer expressly in writing consents to such term or
condition. 

21.9     Governing Law. The laws of
the Republic of Korea shall govern this Agreement and the courts of the Republic
of Korea shall have exclusive jurisdiction over this Agreement and its
enforcement. 

21.10   Interest on Overdue Accounts. If
Distributor fails to pay for a purchase order on the due date, Manufacturer may
charge interest on the overdue amount, from the date such amount became due, at
the rate of the lesser of 1.5% per month, compounded monthly or the maximum
interest rate permitted by applicable law. 

21.11   Severability. If any provision of this
Agreement not essential to its principal objectives is held by a court of
competent jurisdiction to be invalid, void or unenforceable, the remaining
provisions shall nevertheless continue in full force and effect without being
impaired or invalidated in any way, and each party agrees to interpret and apply
the Agreement to implement its intent to the extent permitted by law. 

21.12   Survival. All covenants and
obligations of the parties shall survive the termination of this Agreement. 

21.13   Currency. All references in this
Agreement to “dollars” or “$” are to US dollars, unless otherwise indicated.

21.14   Force Majeure. Under no circumstances
shall either party be responsible for damages resulting from delays or inability
to perform resulting from strike, accident, labor disputes or shortages,
voluntary or involuntary compliance with any law, order, rule or regulation of
government agency of authority, sabotage, acts of nature, fire, flood, plant
shutdown, equipment failure, freight embargo, war, civil disturbance, vendor
problems or any other cause beyond the reasonable control of the parties. The
party affected by such force majeure condition shall immediately notify
the other party of the existence of such condition. 

22.      THE PARTIES INTENDING TO BE
LEGALLY BOUND have executed this Agreement as of the date first written
above.

MERIDIAN CO. LTD. 
by its authorized signatory 

 

/s/ Hyeon Seung Myeong

__________________________________

 

Modem Co. 
by its authorized signatory 

 

/s/modem 
__________________________________

APPENDIX - 1 

Purchasing Schedule 

  	

        Month 	1st
        Quarter 	2nd Quarter 	3rd Quarter 	4th Quarter 	

        Total 
	Jan
      	Feb
      	Mar
      	 Apr 	May 	 Jun 	Jul 	 Aug 	 Sep 	Oct  	Nov
      	Dec
      
	Year 

        2007 	  	  	  	  	  	  	 	 	  	 	*** 	*** 	*** 
	Year 

        2008 	*** 	*** 	*** 	*** 	*** 	*** 	*** 	*** 	*** 	*** 	*** 	*** 	*** 
	Year 

        2009 	*** 	*** 	*** 	*** 	*** 	*** 	*** 	*** 	*** 	*** 	*** 	*** 	***Filed by sedaredgar.com - Meridian Co. Ltd. - Exhibit 10.2

***Denotes certain parts that have not been disclosed and
have been filed separately with the Secretary, Securities and Exchange
Commission, and is subject to a confidential treatment request pursuant to Rule
24b-2 of the Securities Exchange Act of 1934, as amended.

 

MERIDIAN CO., Ltd 

and 

LaserLipo sarl 

 

EXCLUSIVE DISTRIBUTION 

  AGREEMENT 

FRANCE 

December 2007. 

Page 1 of 12

EXCLUSIVE DISTRIBUTION AGREEMENT 

THIS AGREEMENT dated as of 7th of December,
2007. 

BETWEEN 

	1. 	
      MERIDIAN CO. LTD., a company incorporated under
      the laws of the Republic of Korea, having its principal office located at
      3FL, Poonglim Techone B/D, 273-10, Sungsu-Dong 2 Ga, Seongdong-Gu, Seoul,
      Korea (the "Manufacturer"); and

	 	 
	2. 	
      LASERLIPO SARL, a company incorporated under the
      laws of the France (the "Distributor").

	 	 
		
      (Individually referred to as a “Party” and collectively
      as the “Parties”)

WHEREAS 

	A. 	
      Manufacturer is a manufacturer and distributor of medical
      devices, including the Product, which forms the subject matter of this
      Agreement;

	 	 
	B. 	
      Distributor is engaged in the business of the sale and
      distribution of specialty medical devices and related products in the
      Territory;

	 	 
	C. 	
      Manufacturer and Distributor wish to enter into this
      Agreement to appoint Distributor as the exclusive distributor of the
      Product in the Territory, subject to the terms and conditions of this
      Agreement.

          
NOW IT IS HEREBY AGREED as follows: 

1.        Definitions

            In
this Agreement, any terms not otherwise defined in the Agreement shall have the
following meanings: 

	 	“Delivery” 	
      means the physical delivery by the Manufacturer and
      acceptance of the Product by the Distributor, which shall be at Incheon
      airport / Busan seaport or as agreed in writing between the Parties;
    

	 	  	
      

	 	"Effective Date" 	
      means the date first written above; 

	 	  	
      

	 	"FOB" 	
      means free on board the location indicated; 

	 	  	
      

	 	"Product" 	
      means the Lapex 2000 BCS, as modified or improved from
      time to time, manufactured and distributed by Manufacturer; 

	 	  	
      

	 	"Qualified End- user" 	
      means a purchaser of a Product from Distributor;
  

	 	  	
      

	 	"Term" 	
      means the term of this Agreement set forth in Clause
      15.1; 

	 	  	
      

	 	"Territory" 	
      means the Country of France and all of its dependant
      Islands – normally known as France Dom Tom. and Monaco;

Page 2 of 12

	 	"Trademarks" 	
      means all trademarks and trade names owned, adopted or
      licensed by Manufacturer; 

	 	  	
       

	 	"Unit" 	
      means one unit of the Product.

	2. 	
      Grant of Exclusive Distributorship

	 	 	 
	2.1. 	
      Manufacturer hereby appoints Distributor as the exclusive
      distributor of the Product in the Territory, and Distributor hereby
      accepts such appointment, subject to the terms and conditions of this
      Agreement. Manufacturer shall not sell or authorize the sale of the
      Product within the Territory other than by or through Distributor without
      the prior written consent of Distributor.

	 	 	 
	2.2. 	
      Distributor shall not import, export, purchase, sell or
      distribute any lines or products that directly compete with the Product
      covered by this Agreement.

	 	 	 
	2.3. 	
      Distributor shall not have a business relationship of any
      kind with a company that produces any goods that compete with the
      Product.

	 	 	 
	2.4. 	
      Distributor shall not directly or indirectly distribute
      the Product outside the Territory without the prior written consent of
      Manufacturer.

	 	 	 
	3. 	
      Effective Date

	 	 	 
		
      This Agreement shall take effect on the Effective
      Date.

	 	 	 
	4. 	
      Minimum Purchase Requirements

	 	 	 
	4.1. 	
      Distributor shall place the following minimum orders
      during the Term of the Agreement:

	 	 	 
		4.1.1. 	
      *** Units in 1s year of the Term;
      and

	 	 	 
		4.1.2. 	
      *** Units in 2nd year of the Term; and

	 	 	 
		4.1.3. 	
      *** Units in 3rd year of the Term

	 	 	 
	4.2. 	
      The first purchase order placed pursuant to this
      Agreement shall be for *** Units and shall be issued concurrently
      with the execution of this Agreement.

	 	 	 
	4.3. 	
      All future purchase orders by the Distributor shall be in
      accordance with the Purchasing Schedule, as detailed at Appendix
      1.

	 	 	 
	4.4. 	
      All purchase orders for any month shall be placed no
      later than the end of the previous month.

	 	 	 
	
      4.5. 
	
      If Distributor is in breach of the above covenants and
      such breach was not caused by the failure of Manufacturer to timely ship
      the Product, Manufacturer may, at its option, terminate this Agreement in
      accordance with the provisions of Clause 15.2.1.
  

Page 3 of 12

	5. 	
      Pricing and Payment Terms

	 	 
	5.1. 	
      The Unit purchase price hereunder shall be
      $***.

	 	 
	5.2. 	
      All prices are based on FOB port of departure in Korea or
      FCA Korean airport.

	 	 
	5.3. 	
      All orders shall be accompanied by 50% payment and the
      residue payment to be made upon confirmation of completion of the order
      prior to shipping.

	 	 
	5.4. 	
      Unless otherwise agreed upon by Manufacturer, all
      payments hereunder shall be made by wire transfer (Telegraphic
      transfer).

	 	 
	6. 	
      Other Terms of Sale

	 	 
		
      Manufacturer shall ship all Product within three (3)
      weeks after receipt of purchase order together with 50% pre-payment and
      50% on order completion.

	 	 
	7. 	
      Custom Clearance, Import Authorization,
  Etc.

	 	 
		
      Distributor shall be responsible for all legal and
      regulatory issues respecting the import and distribution of the subject
      matter of this Agreement, including custom clearance, import authorization
      and regional regulatory approvals, except Manufacturer shall be
      responsible for CE approval for the Product.

	 	 
	8. 	
      Transfer of Title, Risk of Loss, Etc.

	 	 
	8.1. 	
      Risk of loss due to damage or destruction of the Product
      caused after Delivery shall be borne by Distributor. Confiscation,
      destruction, theft or other loss, or any damage to, the Product after
      Delivery shall not diminish or release the liability of Distributor to pay
      for the Product, except where due to the negligence, intentional act or
      omission to act, of Manufacturer.

	 	 
	8.2. 	
      The Manufacturer hereby agrees to be liable for any
      detectible and obvious damage sustained by the Product prior to Delivery
      and any undetectable damage that occurred prior to Delivery but was only
      discoverable after Delivery in accordance with Clause 16.

	 	 
	8.3. 	
      Subject to Clause 8.2, Distributor is responsible
      for and shall pay all transportation, delivery, insurance and other
      charges associated with the Product after Delivery of the Product to
      Distributor, and any duties, clearance charges, and federal, state or
      value-added taxes which may be applicable to the supply of the subject
      matter of this Agreement.

Page 4 of 12

	9. 	
      Support

	 	 
	9.1. 	
      Distributor shall establish a customer service desk at
      the expense of Distributor and shall inform all purchasers of the
      existence of the customer service desk with applicable contact
      information. The customer service desk shall be responsible for all
      customer inquiries, including acting as a trouble shooting center.
      Manufacturer reserves the right to monitor the effectiveness of the
      Distributor customer service desk from time to time. To this end,
      Distributor shall provide reasonable access to its customer service
      personnel and operations upon request by Manufacturer. If, in the
      reasonable opinion of Manufacturer, the quality of service provided by the
      Distributor customer service desk has fallen below a reasonably acceptable
      standard, Manufacturer shall give notice to Distributor that service
      levels are unacceptable, with particulars of the presence or absence of
      substandard service. Distributor shall be deemed to be in default under
      the Agreement upon the giving of notice. Failure by Distributor to remedy
      the problems cited in the notice within sixty 60 days of the date of
      Delivery of notice and shall entitle Manufacturer to its termination
      remedies under Clause 15.2.

	 	 
	9.2. 	
      Distributor shall also provide, at its sole expense,
      reasonable "after sale" support to Qualified End-users.

	 	 
	9.3. 	
      Distributor shall maintain customer complaint files
      pursuant to applicable regulatory requirements.

	 	 
	10. 	
      Training

	 	 
	10.1. 	
      Distributor is solely responsible for training Qualified
      End-users on the use of the Product and providing certification of
      designated personnel of Qualified End-users.

	 	 
	10.2. 	
      Distributors shall submit to Manufacturer for written
      pre-approval all written training materials to be supplied by Distributors
      to Qualified End-users. Such approval shall not be unreasonably
      withheld.

	 	 
	11. 	
      Sales & Marketing

	 	 
	11.1. 	
      Distributor shall actively market the Product in the
      Territory.

	 	 
	11.2. 	
      Distributor shall, provide and maintain a proper and
      sufficient sales force.

	 	 
	11.3. 	
      Distributors shall submit to Manufacturer for written
      pre-approval all written sales and marketing materials to be used by
      Distributor.

	 	 
	11.4. 	
      Manufacturer shall, at its own expense, provide
      Distributor with electronic copies of marketing and technical information
      concerning the Product, brochures, instructional material, advertising
      literature, and other Product data. Distributor is responsible for
      reproducing this material at its own expense unless otherwise negotiated
      with Manufacturer.

	 	 
	11.5. 	
      Manufacturer shall inform Distributor of new product
      developments that are competitive with the Product and other market
      information and competitive information as discovered by Manufacturer from
      time to time.

Page 5 of 12

	11.6. 	
      Distributor shall neither advertise the Product outside
      the Territory nor actively solicit sales from purchasers located outside
      the Territory, without the prior written consent of Manufacturer, except
      it may advertise the Product on its website(s) and solicit sales from
      purchasers that call after visiting the website. If a potential purchaser
      is located in a territory outside the Territory, Distributor shall provide
      the contact information to Manufacturer to pursue.

	 	 
	11.7. 	
      If and when Manufacturer receives any inquiries regarding
      Product from a prospective buyer in the Territory, Manufacturer shall
      inform the prospective buyer that there is an authorized agent in the
      Territory and shall immediately forward to Distributor the contact
      information for the prospective buyer.

	 	 
	12. 	
      Reporting

	 	 
		
      Distributor shall provide quarterly reports for Unit
      sales, inventory, market trend and other information reasonably requested
      by Manufacturer.

	 	 
	13. 	
      Manufacturer's Trademarks

	 	 
	13.1. 	
      During the Term of this Agreement, Distributor may
      indicate to the public that it is an authorized distributor of the Product
      and advertise (within the Territory) such Product under Manufacturer's
      Trademarks. Nothing herein shall grant Distributor any right, title, or
      interest in Manufacturer's Trademarks. At no time during or after the Term
      of this Agreement shall Distributor challenge or assist others to
      challenge Manufacturer's Trademarks or the registration thereof or attempt
      to register any trademarks, marks or trade names confusingly similar to
      Manufacturer's Trademarks.

	 	 
	13.2. 	
      All presentations of Manufacturer's Trademarks that
      Distributor intends to use shall first be submitted in writing to
      Manufacturer for approval (which approval shall not be unreasonably
      withheld and which approval shall be communicated to Distributor within
      two business days of request) of design, color, and other details or shall
      be exact copies of those used by Manufacturer.

	 	 
	13.3. 	
      Distributor shall not modify, white label or delete the
      name, serial number, model number or trademark attached to or marked on
      Product.

	 	 
	14. 	
      No Partnership or Joint Venture

	 	 
		
      Nothing contained in this Agreement shall be construed to
      (i) give any Party the power to direct and control the day-to-day
      activities of the other, (ii) constitute the Parties as partners, joint
      ventures, co-owners or otherwise, or (iii) allow Distributor to create or
      assume any obligation on behalf of Manufacturer for any purpose
      whatsoever. All financial and other obligations associated with
      Distributor business are the sole responsibility of Distributor.

	 	 
	15. 	
      Term and Termination

	 	 
	15.1. 	
      This Agreement shall be for a term of three years
      commencing on the Effective Date and shall be automatically renewable for
      further three (3) year periods, unless earlier
  terminated.

Page 6 of 12

	15.2. 	
      This Agreement may be terminated:

	 	 	 
		15.2.1. 	
      at the option of either Party if the other Party
      materially defaults in the performance or observance of any of its
      obligations hereunder and fails to remedy the default within Ninety (90)
      days after the date of written demand therefore;

	 	 	 
		15.2.2. 	
      at the option of either Party if the other Party becomes
      insolvent or bankrupt or makes an assignment for the benefit of creditors,
      or if a receiver or trustee in bankruptcy is appointed for the other
      Party, or if any proceeding in bankruptcy, receivership, or liquidation is
      instituted against the other Party and is not dismissed within 30 days
      following commencement thereof; or

	 	 	 
		15.2.3. 	
      at the option of Manufacturer, under Clause
      4.5.

	 	 	 
	15.3. 	
      Each Party's trademarks, trade names, patents,
      copyrights, designs, drawings, formulas or other data, photographs,
      demonstrators, literature, and sales aids of every kind shall remain the
      property of that Party. Within 30 days after the termination of this
      Agreement, each Party shall return all such items to the other Party.
      Neither Party shall make or retain any copies of any confidential items or
      information that may have been entrusted to it. Effective upon the
      termination of this Agreement, each Party shall cease to use all
      trademarks, and trade names of the other Party.

	 	 	 
	16. 	
      Quality Inspection and Warranty

	 	 	 
	16.1. 	
      Upon receipt of Product, Distributor or its agent shall
      inspect Product to ensure they meet Distributor's quality standards. If a
      Unit or any part thereof does not meet the applicable quality standard,
      Manufacturer shall replace the defective Unit or part without
    charge.

	 	 	 
	16.2. 	
      Distributor shall provide written notice of failure of a
      Unit to meet applicable quality standards within 30 days of Distributor's
      receipt of Unit. The written notice shall provide a detailed explanation
      of the deficiencies associated with the Unit.

	 	 	 
	16.3. 	
      Manufacturer warrants that, for a period of one year from
      date of Delivery, the Product supplied under this Agreement shall be free
      from defects resulting from defective materials or workmanship.
      Manufacturer shall provide, at its option and without charge, replacement
      parts or repairs for Product which fail as a direct result of defective
      materials or workmanship with the warranty period. The supply of these
      products must include delivery and the associated transport
    insurance.

	 	 	 
	16.4. 	
      The warranties in Clauses 16.1 and 16.3
      above are limited warranties and do not apply in the following
      circumstances:

	 	 	 
		16.4.1. 	
      the Product has been damaged by misuse, accident,
      negligence or failure to provide and maintain the environmental
      requirements for such Product specified by
Manufacturer,

Page 7 of 12

	 	16.4.2. 	
      the Product has been damaged by modifications,
      alterations or attachments not authorized by Manufacturer; or

	 	 	 
	 	16.4.3. 	
      the Product has not been installed and operated in
      accordance with instructions of Manufacturer.

	16.5. 	
      The warranties set forth in this Agreement are the sole
      warranties made by Manufacturer with respect to the Product, and
      Manufacturer makes no other warranties or representations, express or
      implied, with respect to the Product. Manufacturer disclaims and excludes
      any implied warranty of fitness for a particular purpose. Distributor
      acknowledges that there are no warranties that extend beyond the
      warranties described in this Agreement.

	 	 
	17. 	
      Confidentiality

	 	 
		
      The Parties acknowledge that by reason of the
      relationship hereunder each Party shall have access to certain information
      and materials concerning business plans, pricing, discount conditions,
      customers, product specifications, technology, and products that is
      confidential and of substantial value, which value would be impaired if
      such information were disclosed to third parties. Neither Party shall use
      in any way for its own account or the account of any third party, nor
      disclose to any third party, any such confidential information revealed to
      it by the other Party. In the event of termination of this Agreement,
      there shall be no use or disclosure by either Party of any confidential
      information.

	 	 
	18. 	
      Notices

	 	 
	18.1. 	
      All notices, requests or other communication required or
      permitted to be given under this Agreement shall be given in writing and
      shall be personally delivered, couriered or faxed and addressed as
      follows:

	 	18.1.1. 	to Meridian Co. Ltd. 
	 	  	 
	 	  	3F Poonglim Tech-one B/D, 273-10, Sungsu-Dong 2
      Ga, Seongdong-Gu, Seoul, Korea 
	 	  	Attention: Hyeon Seong Myeong 
	 	  	Facsimile: 82-2-2103-3333 
	 	  	 
	 	18.1.2. 	to LaserLipo sarl 
	 	  	 
	 	  	Residence le Joli Mai, Allee 8, 2 Rue Auguste
      Tramier, 69130, Ecully, France 
	 	  	Attention:    Mr. Charles Cobley
    
	 	  	Facsimile:     0044 1732
      860394 

	18.2. 	
      Any notice personally delivered shall be effective on the
      date of Delivery and any notice sent by facsimile shall be effective on
      the day of transmission.

	 	 
	18.3. 	
      Any notice delivered by courier shall be effective on the
      day of acknowledgment of written receipt of courier
  delivery.

Page 8 of 12

	18.4. 	
      Any Party may give written notice of a change of address
      in the same manner, in which event such notice shall thereafter be given
      to it as above provided at such changed address.

	 	 
	19. 	
      Limitation on Liability

	 	 
	19.1. 	
      The liability of Manufacturer for any cause whatsoever,
      and regardless of the forms of action, whether in contract or in tort,
      including negligence, shall be limited to the direct damage suffered by
      the end user of the Product, and any damages payable by Manufacturer shall
      not exceed the amount of money paid by Distributor to
  Manufacturer.

	 	 
	19.2. 	
      Manufacturer shall not be liable to any person for any
      special, indirect or consequential damage, including lost profits, lost
      revenues, failure to realize expected savings, or other commercial or
      economic losses of any kind, even if Manufacturer had been advised or the
      possibility of such damage.

	 	 
	19.3. 	
      In the event of termination by either Party in accordance
      with any of the provisions of this Agreement, neither Party shall be
      liable to the other, because of the termination, for compensation,
      reimbursement or damages on account of the loss of prospective profits or
      anticipated sales or on account of expenditures, investments, leases or
      commitments in connection with the business or goodwill of Manufacturer or
      Distributor.

	 	 
	20. 	
      Reverse Engineering

	 	 
		
      During the Term of this Agreement and thereafter,
      Distributor shall not manufacture or have manufactured any devices,
      components or assemblies utilizing the intellectual property of
      Manufacturer.

	 	 
	21. 	
      General

	 	 
	21.1. 	
      Waiver. The failure by a Party to require
      performance of another Party of any provision hereof shall not affect in
      any way nor derogate from the full right to require such performance at
      any time thereafter, nor shall the waiver by a Party of a breach of any
      provision hereof be held to be a waiver of the provision itself. No breach
      shall be excused unless such waiver or excuse of breach is in writing and
      signed by the waiving or excusing Party. No written waiver or excuse shall
      constitute a waiver or excuse of any other or subsequent breach.

	 	 
	21.2. 	
      Arbitration. All disputes, controversies or
      differences which may arise between the Parties out of in relation to or
      in connection with this Agreement or for the breach thereof shall be
      settled by arbitration in Seoul, Korea in accordance with the Commercial
      Arbitration Rules of the Korean Commercial Arbitration Board and under the
      Law of the Republic of Korea. The proceedings shall be conducted in
      English and the award rendered by the arbitrator shall be final and
      binding upon the Parties.

Page 9 of 12

	21.3. 	
      Translation. Regardless of any executed
      translations of this Agreement (e.g. Korean version), this English version
      of the Agreement shall have priority.

	 	 
	21.4. 	
      No Assignment. The rights and obligations of
      Distributor under this Agreement may not be transferred or assigned
      directly or indirectly.

	 	 
	21.5. 	
      Enurement. This Agreement shall be binding upon
      and inure to the benefit of the Parties, their successors and
    assigns.

	 	 
	21.6. 	
      Entire Agreement. This Agreement supersedes any
      other agreements, either oral or written, among the Parties and contains
      all of the agreements among the Parties pertaining to its subject matter.
      The Parties acknowledge that no representations, inducements, promises or
      agreements, orally or otherwise, have been made by any Party or anyone
      acting on behalf of any Party that are not embodied herein. No
      modification hereof shall be effective unless in writing and signed by the
      Parties.

	 	 
	21.7. 	
      Rights Cumulative. All rights and remedies
      provided pursuant to this Agreement or by law shall be cumulative, and no
      such right or remedy shall be exclusive of any other. A Party may pursue
      any one or more rights or remedies hereunder or may seek damages or
      specific performance in the event of another parry's breach hereunder or
      may pursue any other remedy by law or equity, whether or not stated in
      this Agreement.

	 	 
	21.8. 	
      Purchase Orders. Any purchase order issued in
      respect of this Agreement shall be subject to the terms and conditions of
      this Agreement and, in the event of any inconsistency between this
      Agreement and such purchase order, this Agreement shall govern unless
      Manufacturer expressly in writing consents to a term of the purchase order
      overriding this Agreement. If any purchase order introduces a term or
      condition not covered by this Agreement, then Manufacturer shall not be
      bound by such term of condition unless Manufacturer expressly in writing
      consents to such term or condition.

	 	 
	21.9. 	
      Governing Law. The laws of the Republic of Korea
      shall govern this Agreement and the courts of the Republic of Korea shall
      have exclusive jurisdiction over this Agreement and its
  enforcement.

	 	 
	21.10. 	
      Severability. If any provision of this Agreement
      not essential to its principal objectives is held by a court of competent
      jurisdiction to be invalid, void or unenforceable, the remaining
      provisions shall nevertheless continue in full force and effect without
      being impaired or invalidated in any way, and each Party agrees to
      interpret and apply the Agreement to implement its intent to the extent
      permitted by law.

	 	 
	21.11. 	
      Survival. The obligations of both Parties under
      Clauses 13, 14, 17 and 19 shall survive the
      termination of this Agreement.

	 	 
	21.12. 	
      Currency. All references in this Agreement to
      "dollars" or "$" are to US dollars, unless otherwise
  indicated.

Page 10 of 12

	21.13. 	
      Force Majeure. Under no circumstances shall either
      Party be responsible for damages resulting from delays or inability to
      perform resulting from strike, accident, labor disputes or shortages,
      voluntary or involuntary compliance with any law, order, rule or
      regulation of government agency of authority, sabotage, acts of nature,
      fire, flood, plant shutdown, equipment failure, freight embargo, war,
      terrorism, civil disturbance, vendor problems or any other cause beyond
      the reasonable control of the Parties. The Party affected by such force
      majeure condition shall immediately notify the other Party of the
      existence of such condition.

THE PARTIES INTENDINGTO BE LEGALLY BOUND have executed
this Agreement as of the date first written above: 

 

MERIDIAN CO. LTD. 
by its authorized
signatory:
/S/ Hyeon Seung Myeong

____________________________________
H. S. MYEONG 

 

	LASER LIPO SRL. 	  
	by its authorized signatories: 	/S/
      Charles Cobley
	  	Mr. CHARLES COBLEY

Page 11 of 12

APPENDIX 1 

Purchasing Schedule:

  	Quarter
        
 Targets 	1
        St Quarter 	2nd
        Quarter 	3rd
        Quarter 	4th Quarter 	  
	Month 	Dec 	Jan 	Feb 	Mar 	Apr  	May 	Jun 	Jul 	Aug 	Sept 	Oct 	Nov 	Annual 
	Year 1st
      	*** 	*** 	*** 	*** 	*** 	*** 	*** 	*** 	*** 	*** 	*** 	*** 	*** 
	Year 2nd
      	*** 	*** 	*** 	*** 	*** 	*** 	*** 	*** 	*** 	*** 	*** 	*** 	*** 
	Year 3rd
      	*** 	*** 	*** 	*** 	*** 	*** 	*** 	*** 	*** 	*** 	*** 	*** 	*** 
	  	
        Total *** 

Page 12 of 12

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00152-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00152-of-00352.parquet"}]]