Galaxy Studios Consistently Leads Sound Recording and Production Technology Throughout Europe

Prepared for: ADM

• Since the construction of their first sound studio in 1980, Wilfried and Guy Van Baelen have built an unsurpassed organization representing the highest achievement in audio excellence.

• With incremental expansions over the last 15 years, Galaxy Studios consistently leads sound recording and production technology throughout Europe. By continually pushing the boundaries of audio, Galaxy Studios is now set to become the industry‟s most advanced research center for acoustical recording.

• History shows that the best ideas frequently come from the least expected places.

2 Some of the Achievements

• Galaxy Studios broke world records for sound insulation and the quietest air-conditioning systems. With 11 different bunkers (each weighing between 200 and 1,500 tons), resonance frequencies below 3 Hz, panels of 11 cm thick glass (weighing more than one ton) and electrical earth below 1 Ohm, the famous Galaxy Hall for orchestral recording can be interactively combined in response to technical and acoustical production requirements. Together, these characteristics make Galaxy Studios and its top-level team regular winners of international awards. • Awards » Grammies, TEC Awards, ZAMU Awards, First Prize Venice Film Festival (2006), First Prize 3D-Stereo Media Film Festival (2010), more than 100 Platinum & Golden awards, etc. • Overview » 1995 : (March) opening Galaxy Studios facilities » 1996 : Building of the first room for 5.1 music production and order of first 5.1 SSL 9000 (opening in 1997) » 2002 : Reference Mastering Room ; development (together with SPL) of first 7.1 MMC (Music Mastering Console), which became a worldwide top reference » 2004 : Development of Vision (API) : the first music console for dedicated 5.1 mixing allowing simultaneous Stereo mix. It delivered the clients 2 formats (5.1 Surround and Stereo) for the price of one » 2004 : Order of first AMS-Neve 88D console, capable of 1.000 channel mixing in standard resolution or 250 channels in 192 kHz (Super Resolution Audio) » 2005 : Co-production of first pop-production in the 2+2+2 semi-spatial format » 2005 : Development of Auro-3D 9.1 format and concept by Wilfried Van Baelen » 2006 : (May) Launch of Auro-3D 9.1 at AES Convention in Paris and in San Francisco (October) » 2006 : Start up of full Digital Intermediate Post-production facility for feature films in 4K resolution (4 x High Definition) : 4K scanning, color grading, compositing, shooting to film stock, etc… » 2006 : Start of development Auro-3D technologies (Auro-Codec, Auro-Matic, etc.) and IP Protection (7 related patents) » 2009 : Founding of Mollywood (specialized in film financing and co-production) by Wilfried & Guy Van Baelen and Alfred Schefenacker. Their first Stereoscopic 3D-film (produced with Auro-3D sound) won first prize at the 3D-Stereo Media Festival » 2010 : Foundation of Auro Technologies » 2010 : Installation of first Auro-3D 10.1 control room with first 3D Console (AMS Neve 88D) with 3D Panning & 3D Routing (co-development) » 2010 : (August) after a few years of development in co-operation with AMS-Neve, installation of first Auro-3D Console able to run 11.1 Feature Film Mixing » 2010-2011 : · Exclusive partnership with Barco; Auro-3D in cinema theatres · First Cinema Theatre installations in USA (Regal, Cinemark), Europe (Kinepolis), Asia (China, Hong Kong), Russia · First installations in reference Post Production Facilities (USA, Europe, Asia) · First Auro-3D Hollywood Feature Films (Release begin 2012) · First triple A Game in production with Auro-3D Sound (release 2012)

3 Birth of Auro Technologies

In 2010, Auro Technologies is founded upon the award-winning Galaxy Studios, a world recognized recording facility located in Mol, Belgium

The Future of Sound • The time for a more advanced audio standard has arrived. Commercial players as well as end users are ready for a radical solution that provokes change in the industry and offers audiences a total immersion experience.

Mission • Auro Technologies aims to create the next generation audio standard by becoming the leader in State-of-the-Art Sound.

Values • Unrestrained Innovation • Entrepreneur and Team Player • Customer Centric • Respect and Integrity • Exceptional Performance

4 Disruptive Technology

5 A Privileged Strategic Alliance with Barco: Creating a New Dimension in Cinema Sound

• Exclusive strategic partnership with the leading digital cinema provider “When we first heard demonstrations of what the » Cinema, Events, Digital Signage, Conferencing, Auro-3D® 11.1 audio format is capable of, it gave us Simulation, Control Rooms, Medical, Professional great ideas for new possibilities in story telling,” Consoles; states Rick McCallum, Producer for 'Red Tails'. “'Red Tails' is about combat pilots, and sound from » High-end home cinema projection and audio equipment all around will surely boost the overall movie for projectors; experience – so it's an ideal film to be mixed in 11.1 with the most realistic effects ever heard in » Professional audio-only hardware products for Cinema commercial cinema.” and Post-Production hardware products (Cinema profile); “We're ecstatic about the creative opportunities » Professional audio-only hardware products for made possible by Auro-3D as we continually strive to provide our customers with the ultimate cinema Broadcasting experience,” commented Damian Wardle, VP of Worldwide Theatre Technology & Presentation at Cinemark. “Auro-3D's unique capabilities launch the • Recent Accomplishments audience right into the center of the motion picture » Barco completes first U.S. Auro-3D installations for experience!” Cinemark (Dallas), Regal Entertainment Group (Los “The Auro-3D system installed at Edwards Angeles) and AMC Entertainment (Miami) Calabasas Stadium 6 on September 22, 2011 » Barco's Auro-3D® 11.1 cinema audio format selected by delivers an incredibly realistic cinema experience,” Lucasfilm Ltd. for the release of 'Red Tails„ commented Rob Del Moro, Chief Purchasing Officer for Regal Entertainment Group, the largest motion » Barco launches first 4K 3D projection + Auro 3D sound picture exhibitor in the U.S. “The combination of combination in Greater China in Wangfujing Cineplex ultra-bright, high-resolution projection with 3D audio has the potential ability to deliver a true-to-life » Barco teams up with Datasat and THX® for commercial reproduction of the drama on-screen. As we roll-out of Auro-3D® cinema sound continue to evaluate this technology on performance and cost, we are intrigued by its » More info at http://www.barco.com/en/pressreleases possibilities.”

6 LucasFilm™ and Skywalker Love it

7 The Auro-3D Engine - A Revolutionary Invention

8 Enabling Future 3D Sound in Existing Formats

9 A Unique Solution for Broadcast

10 Backwards Compatible

11 Satisfying All Target Groups and Achieving All Objectives

• Listening Format • Consumers » “Aurophonic” Listening Formats: BACKWARDS » Highest immersed TOTAL EXPERIENCE COMPATIBLE based on 5.1 Surround » SMALL additional investment on their existing » 1 Distribution PCM carrier for 3 main formats setup (3D, 2D, 1D); artistic mix each » EASY TO USE (1 Format) • Technical Solutions » PCM based solution • Hardware and Semiconductor » Less bandwidth Manufacturers » No masking » Easy to implement, low cost » No audio quality loss » Highest compatibility (PCM) • Content makers and Post- » 16 to 24 PCM discrete channels via HDMI Production Facilities (standard is limited to 8 PCM channels) » No to minor additional investment » Lipsync solution & ultra low latency » Compatible formats • Professional Engineers » Higher security and protection » Reliable • Broadcast facilities » Practical » Robust signal, no extra bandwidth, lipsync » Reliable