A. 1) Alternative Securities Co., Ltd. (hereinafter “New Securities”) (hereinafter “New Securities Co., Ltd.”)

2) The court below erred by misapprehending the legal principles on the title of the non-party 1 corporation

(1) On November 20, 2013, Plaintiff New Daily 2013, and the 15th Specialized Asset-backed Company (hereinafter “Plaintiff 15th Company”)

(1) In accordance with an asset-backed securitization plan, the non-party company (hereinafter referred to as “instant non-party 1 bonds”) as follows:

3) The Plaintiff’s non-guaranteed private equity bond subscription contract (hereinafter “instant non-guaranteed bond subscription contract”) under which an alternative bond is to be transferred to the Plaintiff after acquiring it.

(1) According to the corporate bonds acquisition contract of this case, the non-party company issued the bonds No. 1 on the same day, and the alternative securities transferred the bonds to the plaintiff on the same day after acquiring them. The issuance date of bonds: 1,00,000 won: the total face value of bonds: 1,00,000 won: the issue value of bonds: 100% of the total face value of bonds: 5.682% per annum, and the due date for repayment of principal of the bonds: 2) K non-investment securities Co.,, Ltd. (hereinafter referred to as “KF securities”) to the non-party company and the non-party company to whom the bonds No. 2014,94, Specialized Asset Securitization Co., Ltd. (hereinafter referred to as “Plaintiff Co. 9”) acquired bonds under the asset-backed securitization plan (hereinafter referred to as “non-party No. 2 bonds”) to the Plaintiff on November 10, 2014.

The non-party company issued No. 2 bonds of this case on the same day according to the contract for the second subscription of bonds of this case, and after acquiring the bonds, the non-party company transferred the bonds of this case to the plaintiff on the same day.

Issuance date of bonds: November 10, 2014.