On April 7, 2005, E.S. purchased each of the instant real estate in the instant site for the instant implementation project with the Defendant as the seller “Defendant” and “E.S. Non-Party 1” and purchased the purchase price of KRW 198,00,000. The down payment of KRW 20,000,000 after the completion of the contract at least 85% of the entire parcel of land for the project, and the remainder of KRW 178,00,000,000, to be paid at the time of completion of the contract for the previous parcel of land after the approval of the project or the completion of the contract for the previous parcel of land (hereinafter “instant sales contract”).

Article 1 (General Provisions) of the Agreement on Sale and Purchase of Real Estate shall enter into an agreement between the seller B (hereinafter referred to as the "A") and the buyer and one other (hereinafter referred to as the "B") on the following terms:

Article 3 (Indication of Real Estate) Article 4 (Sale Price)

(a) The total purchase price shall be KRW 198,000,000;

(b) Sales proceeds shall include all of ground objects and crops related to the sale and purchase real estate;

Article 5 (Conditions and Timing for Payment of Sale Price) In principle, the sale price shall be deposited into a bank account.

Contract deposit: 20,000,000 - Any balance remaining after completion of a contract with at least 85% of the entire parcel: 178,00,000 - at the time of completion of contract for the entire parcel after approval of the project or at the time of completion of contract for the entire parcel, the area of the above-sale real estate shall be limited to that on the public account

Article 10 (Transfer of Ownership) “A” shall submit documents necessary for the transfer of ownership to a third party designated by “B” in order to receive and simultaneously facilitate the smooth progress of a project in “B” or “B”.