1. On November 2018, 2018, the Defendant issued to the Plaintiffs each amount of money indicated in attached Table 1’ and each of the above amounts.

1. Facts of recognition;

A. From September 201, in soliciting investors through crowdfunding, the Defendant: (a) concluded that “I would sell stocks to investors after purchasing unlisted companies and selling them to investors; and (b) would sell profits to institutional investors when the agreed profit realization time comes when the agreed profit realization time comes while managing stocks for investors; or (c) concluded that “I would like to invest investment money after deducting 20% of the management remuneration after organizing a private investment association or an undisclosed investment association under the pretext of specific investment issues with the title of investment, and pay profits at the time of profit realization by investing in the relevant investment business, and pay profits at the time of profit realization.”

B. The plaintiffs concluded each investment contract after hearing the above explanation from the defendant, and the investment issues and amount of investment by each plaintiff are as shown in the attached Table 2.

Defendant employees in violation of the Financial Investment Services and Capital Markets Act committed financial investment business (investment trading business and collective investment business) by purchasing stocks of an unlisted company: (a) selling them to investors after purchasing the stocks of an unlisted company; (b) making an agreement with investors to collect investment money from investors in the name of a private investment association or an undisclosed investment association under the pretext of a private investment association or an undisclosed investment association to pay profits at the time of profit-making by operating funds; and (c) raising investment money from investors; and (d) making it difficult to meet necessary requirements such as the minimum requirements for equity capital for protecting investors; (b) making it difficult for the Financial Services Commission to conduct financial investment business without authorization and conduct financial investment business (collective investment business and investment trading business) without authorization by soliciting total amount of KRW 703,958,782,420 from investors.

Defendant: The representative or employee of the Defendant is related to the Defendant’s business.