1. The Defendant shall pay to the Plaintiff KRW 473,890,927 and the interest rate of KRW 15% per annum from November 20, 2015 to the date of full payment.

1. Basic facts

A. On January 17, 2013, the Plaintiff and the Defendant (Representative Director: C) concluded a joint investment agreement (hereinafter “instant one investment agreement”) and the main contents are as follows.

Article 1 (Name of Project and Place of Project)

1. Project name: D;

2. The business site: the Defendant and the Plaintiff share the following business affairs and cooperate in order to achieve the objectives of the business, Article 3 (Joint Business Method) of the F department store G stores in Suwon-si E (Joint Business Method).

(1) (1) through (5). (6) In principle, all of the expenses invested by the said enterpriser shall be 50% investment by the Defendant and the Plaintiff.

- The Defendant and the Plaintiff paid in 15,000 US dollars (15 million US dollars) to the U.S. head office in 30,000 US dollars (30,000 US dollars).

- 80,000 won, out of the deposits invested in the above address, shall be paid by the defendant and the plaintiff in 40,000 won.

- The defendant and the plaintiff will make each investment of KRW 45 million among the total amount of KRW 90,000,000, including the operating expenses, facilities and equipment costs, etc. invested in the above store.

- Upon the completion of this project, the defendant shall return 40 million won to the plaintiff.

B. Next, on December 12, 2013, the Plaintiff and the Defendant (Representative Director C) concluded a joint investment agreement (hereinafter “instant two investment agreement”) and the main contents are as follows.

Article 1 (Name of Project and Place of Project)

1. Project name: D;

2. Project area: The defendant and the plaintiff shall share and cooperate with each other in order to achieve the objectives of the project in Gangnam-gu Seoul Metropolitan Government H 1 floor I (joint project method) as follows:

(1) (1) through (5). (6) In principle, all of the expenses invested by the said enterpriser shall be 50% investment by the Defendant and the Plaintiff.

- The Defendant and the Plaintiff shall pay in 15,00 US dollars (15,000 US dollars) to the U.S. head office in 30,000 US dollars (30,000 US dollars).

- 20 million won out of the deposits invested at the above address is KRW 100 million by the defendant and the plaintiff.