1. The contract for the construction work concluded on March 16, 2007 by the Plaintiff (Counterclaim Defendant) against the Defendant (Counterclaim Plaintiff) and around October 2007.

1. Facts of recognition;

A. Status of the parties 1) Plaintiff Seadong Market Reconstruction Association (hereinafter “Association”)

2) On the ground of 3,122.40 square meters on the land of 1520-3 and 3 lots in Busan, Daegu, Daegu, Busan, the reconstruction project of the shipping-to-land market (hereinafter “the reconstruction project of this case”).

(2) ADD Construction Co., Ltd. was a co-project implementer of the instant reconstruction project, along with the Plaintiff’s association. At the later time, the name of the Plaintiff Co., Ltd. (hereinafter referred to as “Tidae”) was changed to the United Nations Co., Ltd.

3) On March 16, 2007, the Defendant is a company engaged in construction and civil engineering work, etc.

2) After the joint executor of the instant reconstruction project changed the Plaintiff’s name from Ed Construction Co., Ltd. to Ed Construction Co., Ltd., the Plaintiffs entered into a contract for the instant reconstruction project with the Defendant around October 2007 for the instant reconstruction project (hereinafter “instant contract”).

(3) The main contents of the instant contract are as follows: (a) the said contract is amended only by the parties to the contract on March 16, 2007; and (b) the main contents of the said contract are as follows.

1. Project name: A project undertaken to reconstruct the inshore market;

3. Date of commencement: The date scheduled for completion on August 4, 2007: the contract amount on June 5, 2009: 20,122,560,000 won (excluding surtax) (1) A may cancel or terminate all or part of the contract in cases falling under any of the following subparagraphs:

1. Where Eul fails to commence construction even after the lapse of the period for commencement agreed upon without any justifiable ground;

2. It is evident that there is no possibility to complete the construction work within the completion date due to the causes attributable to him.