Product Features Comparison with Super DHG Series Next Generation Filters for Digital SLR Photography EXUS Series Marumi Optical Co., Ltd. Tokyo, Japan Argraph Corporation Carlstadt, NJ Strictly Confidential

Digital cameras are constantly advancing. Today, models equipped with high-tech features such as 35mm full-frame digital SLR image sensor are within reach of average consumers. In other words, the age of high-quality, high-performance digital cameras is here. The new EXUS Series – the flagship of Marumi digital camera filters features exceptional performance and functions that are ready to meet and exceed the demands of the latest digital SLR cameras. The Background 2

What is EXUS ? What is EXUS ? EX = Experience, Excellence,… Marumi has over 60 years experience specializing in excellent filter technology and manufacturing EX = Experience, Excellence,… Marumi has over 60 years experience specializing in excellent filter technology and manufacturing U = Ultimate, Ultra,… Marumi developed the ultimate filter U = Ultimate, Ultra,… Marumi developed the ultimate filter S = Spec., … with full specifications. EXUS features the ultimate specifications based on Marumis expertise and technology. S = Spec., … with full specifications. EXUS features the ultimate specifications based on Marumis expertise and technology. 3

What is EXUS? The name EXUS derives from the words Experience, Ultimate, and Specifications. EXUS filters feature the ultimate specifications based on Marumis expertise and technology. EXUS 4

EXUS Lens Protect (LP) 5

New Antistatic Coating Repels dust and dirt Water & Oil Repellent Water and oil spots can be easily wiped off Ultra Low Reflection Less than 0.3% Blackened outer rim of lens minimizes internal reflections Key Features EXUS Lens Protect Flatness & Strength (Lens) t=2.0mm (Super DHG t=1.3mm) securely fixed with new slim mount New Slim Ultra Low Reflection Frame Light-shielding grooves, satin finish, knurls on the ring New Improved New Improved 6

EXUS LP: Filter Glass Material: White glass (B270), same as the Super DHG Series Thickness: 1.3mm ±0.1mm 2.0mm ±0.1mm Flatness will be stabilized by increasing the lens thickness (precision quality assured). As pioneered on Marumis existing DHG Series, black-ink is coated on the entire outer rim of the lens. Laser interferometer measuring (transmitted wavefront) EXUS LP DHG Super LP Lens Thickness Comparison 7

EXUS LP: Transmission Characteristics Wavelength (nm) Transmission (%) Transmission comparison DHG Super LP vs. EXUS LP Measurement date: 12/27/2012 EXUS LP DHG Super LP Transmission Rate 8

DHG Super LP EXUS LP: Achieving Ultra-low Reflection Wavelength (nm) Reflection ratio (%) EXUS LP Surface DHG Super LP Surface Reflection ratio comparison DHG Super LP vs. EXUS LP Measurement date: 12/27/2012 9

Average reflection ratio of wavelength band between 420 and 680 nm Less than 0.6% for the DHG Super Series EXUS LP: Improved to Less than 0.3% EXUS LP DHG Super LP EXUS LP: Achieving Ultra-low Reflection Reflection ratio comparison DHG Super LP vs. EXUS LP Measurement date: 12/27/2012 Average refection value in different wavelength ranges 400 – 700 nm420 – 680 nm EXUS Surface Surface DHG Super Surface Surface Wavelength (nm) Reflection ratio (%) EXUS LP Surface DHG Super LP Surface Reflection Rate 10

Verification method using Styrofoam EXUS LPDHG Super LP Electrostatic measurement device Lens holder Verification method using charged voltage measurement (amount of electrostatic) Insert lenses in a pool of Styrofoam. Stir lenses and remove. EXUS LP: Water/Oil-repellent Coating with Antistatic Function (Patent pending) 11

(Patent pending) EXUS LP: Water-repellent Coating with Antistatic Function (ASC coating for LPs) DHG Super LP EXUS LP Charged voltage (kV) Antistatic performance comparison Super DHG LP vs. EXUS LP Room temp.: 22ºC / Humidity: 30% RH Measurement date: 1/7/2013 Measuring method: Rub the lens surface back and forth 20 times with a folded tissue paper; and measure charged voltage using electrostatic measurement device (SIMCO model FMX-003). (Number of measurement attempts) EXUS LP Surface DHG Super LP Surface EXUS Anti- Static Coating 12

Even though the lens thickness has increased to 2mm, thickness of the frame remains virtually the same as the existing DHG Super. Conventional Spring Method Frame Thickness Comparison EXUS LPDHG Super LP Lens ring Spring Screw lock with adhesive (Locktight) Easy for lens to come loose Pressure lock assures lens does not come loose EXUS LP: New Ultra-low Reflective Frame Filter thickness comparison Unit: mm Filter diameterDHG Super LPEXUS LP Redesigned and improved the frame structure from a conventional spring-mount to a patented new glass securing system. EXUS LP: Security locking system with the double lens rings 13

Light-blocking ridges (three grooves) Light-blocking ridge Blue line indicates where the black-ink coating is applied on the lens outer rim. EXUS LP: New Ultra-low Reflective Frame Further eliminates ghosting and flaring by adding light-blocking ridges to the frame. (Patent pending) Conventional ring with no light-blocking ridges EXUS LP with light blocking ridges 14

Circular Polarizing Filter (C-PL) 15

New Antistatic Coating Repels dust and dirt Water & Oil Repellent Water and oil spots can be easily wiped off Ultra Low Reflection Less than 0.6% Blackened outer rim of lens minimizes internal reflections Key Features EXUS Circular PL High Transmission Polarizer Transmission Rate 30% higher than conventional polarizers New Slim Ultra Low Refection Frame Light-shielding grooves, satin finish, knurls on the ring Teflon Coated Male Threads For smooth attaching and detaching on camera lens New Improved New 16 New

EXUS C-PL: Filter Glass Material: Layer of float glass + high-transmission polarizing film + 1/4λ retarder Thickness: 2.55mm ± 0.1mm 2.0mm ±0.1mm Adopted thinner lens capable of maintaining flatness. As pioneered on Marumis existing DHG Series, black-ink is coated on the entire outer rim of the lens. EXUS C-PL Super DHG C-PL Lens Thickness Comparison Laser interferometer measuring (transmitted wavefront) 17

EXUS C-PL: Transmission Characteristics Transmission (%) Super DHG C-PL Transmission comparison Super DHG C-PL vs. EXUS C-PL Measurement date: 12/27/2012 Wavelength (nm) EXUS C-PL Max. Transmission EXUS C-PL Min. Transmission DHG Super C-PL Average Transmission EXUS C-PL Average Transmission DHG Super C-PL Max. Transmission DHG Super C-PL Min. Transmission High Transmission 18

EXUS C-PL: Transmission Characteristics EXUS C-PL Wavelength (nm) Transmission (%) Super DHG C-PL Transmission comparison DHG Super C-PL vs. EXUS C-PL Measurement date: 12/27/2012 EXUS C-PL Max. Transmission EXUS C-PL Min. Transmission DHG Super C-PL Average Transmission EXUS C-PL Average Transmission DHG Super C-PL Max. Transmission DHG Super C-PL Min. Transmission High Transmission 19

the new EXUS C-PL: 45.5% Average transmittance at 450nm, 550nm, and 650nm on the new EXUS C-PL: 45.5% More than 30% increase compared to conventional model Average transmittance at 450nm, 550nm, and 650nm on the existing model, DHG Super C-PL: 33.5% EXUS C-PL Super DHG C-PL Wavelength (nm) Transmission comparison Super DHG C-PL vs. EXUS C-PL Measurement date: 12/27/2012 EXUS C-PL: Transmission Characteristics EXUS C-PL Max. Transmission EXUS C-PL Min. Transmission DHG Super C-PL Average Transmission EXUS C-PL Average Transmission DHG Super C-PL Max. Transmission DHG Super C-PL Min. Transmission High Transmission 20

EXUS C-PL: Reflection Rate – Low-reflective Coating Super DHG C-PL Reflection ratio comparison DHG Super C-PL vs. EXUS C-PL Measurement date: 12/27/2012 Wavelength (nm) Reflection ratio (%) EXUS C-PL Incidence SideEXUS C-PL Lens SideDHG Super C-PL Incidence SideDHG Super C-PL Lens Side Low Reflection 21

Average reflection rate at wavelength band between 420 and 680nm: Less than 0.6% maintained EXUS C-PL: Reflection Rate – Low-reflective Coating Super DHG C-PL EXUS C-PL Average refection value in different wavelength ranges 400 – 700 nm420 – 680 nm EXUS Incidence side Lens side DHG Super Incidence side Lens side Reflection ratio comparison Super DHG C-PL vs. EXUS C-PL Measurement date: 12/27/2012 Wavelength (nm) Reflection ratio (%) EXUS C-PL Incidence Side DHG Super C-PL Incidence SideDHG Super C-PL Lens SideEXUS C-PL Lens Side Low Reflection 22

EXUS C-PLDHG Super C-PL EXUS C-PL: Water-repellent Coating with Antistatic Function (Patent pending) Verification method using Styrofoam Insert lenses in a pool of Styrofoam. Stir lenses and remove. Electrostatic measurement device Lens holder Verification method using charged voltage measurement (amount of electrostatic) 23

Charged voltage (kV) Antistatic performance comparison Super DHG C-PL vs. EXUS C-PL Room temp.: 22ºC / Humidity: 30% RH Measurement date: 1/7/2013 Measuring method: Rub the lens surface back and forth 20 times with a folded tissue paper; and measure charged voltage using electrostatic measurement device (SIMCO model FMX-003). EXUS C-PL Incidence Side EXUS C-PL Lens Side DHG Super C-PL Incidence Side DHG Super C-PL Lens Side EXUS C-PL: Water-repellent Coating with Antistatic Function (Patent pending) (Number of measurement attempts) Super DHG C-PL EXUS C-PL EXUS Anti-Static Coating 24

Front frame Back frame Front frame Back frame EXUS C-PL: New Ultra-low Reflective Frame Frame thickness: Reduced from 7.0mm to 6.5mm Filter thickness comparison Unit: mm Filter diameterDHG Super C-PLEXUS C-PL Frame Thickness Comparison EXUS C-PLDHG Super C-PL Basic frame structure is the same but optimized the form to make the frame slimmer Super DHG C-PLEXUS C-PL 25

Light-blocking ridges Light- blocking ridge Blue line indicates where the black-ink coating is applied on the lens outer rim. EXUS C-PL with light blocking lines EXUS C-PL: New Ultra-low Reflective Frame Further eliminates ghosting and flaring by adding light-blocking ridges to the frame (Patent pending) Conventional C-PL with no light-blocking lines 26

Black is darker compared to other sections (although hard to tell it by looking at) EXUS C-PL: New Ultra-low Reflective Frame Applying Teflon coating around male threads improves surface lubricating performance, enabling smoother attaching and detaching of the filter and the lens. (Patent pending) Teflon coating is applied to the area shaded in blue. Teflon coating on Male threads 27

EXUS Lens Protect EXUS Package Design 28

EXUS Circular PL EXUS Package Design 29