Cort-Tek Acquiring Digitech Official Statement

Cor-Tek Corporation

59, Hwagok-ro 61-gil,

Gangseo-gu, Seoul 07590

Republic of Korea

April 13, 2022

Dear valued partners,

We’re pleased to inform you that we, Cor-Tek Corporation, maker of Cort guitars, have entered into a purchase agreement to acquire the DigiTech/DOD brand, including all DigiTech/DOD intellectual property and assets.

Since 1973, DigiTech/DOD guitar effect pedals have been iconic in the guitar industry, and we have a deep admiration for the heritage and legacy of the DigiTech/DOD products. We look forward to continuing the manufacturing and selling of the iconic products as well as investing in new features and products.

Thank you always for your great support.

Best regards,

Jun Park

President / Cor-Tek Corp.