A. The Defendant is a company that produces and sells MP3 and information and communications equipment.

B. As of September 22, 2003, the Plaintiff entered into an investment contract with the Defendant, who prepared for the export of KOSDAQ-listed and non-registered areas as of September 22, 2003 (hereinafter “instant primary investment contract”) and invested KRW 1 billion in the manner of acquiring new shares issued by the Defendant at around that time.

Article 2 (Form of Investment) The primary investment by Party A (referring to the Plaintiff; hereinafter the same shall apply) undertaken under this Agreement shall be in the form of new shares subscription to be newly issued by Party B (referring to the Defendant; hereinafter the same shall apply).

The second investment is in the form of old stock certificates acceptance by the existing stockholders designated by B.

Article 4(1)(The amount invested by A and the acquisition price per share) A shall be one billion won for the amount invested. (2) The acquisition of stock certificates by A shall be 20,000 won per share.

3) Payment of shares shall be made within three (3) days after the contract. Article 10 (Recovery of Investment Funds) A may recover all or part of the investment funds if it is impracticable for B to list on KOSDAQ by the end of 2005.

2) 을은 갑이 회수를 원할 경우 3개월 이내에 50%와 6개월 이내에 50%를 현금 지급해야 한다. 3) 제2항의 회수금액은 주당 2만 원 주식보유일＊2배수의 은행정기 예금금리로 한다.

Section 11 (Establishment of U.S. Juristic Person) B is established until June 30, 2004 for the promotion of marketing and business in the U.S. territory, as in the U.S.A. legal entity “A”. 2) The first capital of the U.S. legal entity “A” is 10,000 U.S. legal entity “A” and the investment is completed by 40,000 U.S. legal entity “B” and “B” by 1 June 2004.

3) The U.S. Corporation’s operating right is for A and the share ratio is for A 60% and 40%. 4) The U.S. Corporation has the exclusive export right for B’s U.S. territory (U.S., Canada, and South U.S. territory).

5 From July 1, 2004, Eul shall have the effect on July 1, 200 to promote marketing of U.S. corporations.