As to the land and building in this case, the registration of ownership transfer was completed on March 6, 2004 in the name of the defendant, and the registration of ownership transfer was completed on November 26, 2007 in the name of the plaintiff on the ground of sale as of November 29, 2007. As to the land of this case, the registration of ownership transfer was completed on November 25, 2005 in the name of Ilsan Construction Co., Ltd. (hereinafter referred to as the "Dasan Construction"), the registration of ownership transfer was completed on November 25, 2005 in the name of the plaintiff on the ground of sale as of November 11, 2007.

On November 1, 2011, the Defendant filed a lawsuit against the Plaintiff for the claim for the purchase price (hereinafter referred to as “instant case”) on the same grounds as “the cause for the claim” as follows. On August 29, 2013, the said court rendered a judgment dismissing all of the Defendant’s claim. The Defendant appealed Seoul High Court Decision 2013Na2019876, and the conciliation was established in that appellate court on June 9, 2014 (hereinafter referred to as “instant conciliation”), and the following provisions were established:

1. The Plaintiff shall pay to the Defendant KRW 15,00,000 as of October 20, 2014, and KRW 15,000 as of November 20, 2014, respectively. In the event of arrears, the amount of arrears plus damages for delay at the rate of 10% per annum.

2. The Defendant does not subsequently raise any objection or lawsuit regarding the registration of transfer of ownership to the Plaintiff of the instant land.

3. The Plaintiff and the Defendant waives all of the claims for return with respect to all of the money, such as loans, etc. already paid to the Defendant in relation to the investment agreement on the instant land and the building on its ground.

4. The defendant waives his remaining claims.

5. All costs of the lawsuit; and