1. No. 1198, a notary public C of the Jeju District Prosecutors' Office against the plaintiff of the defendant, prepared on July 25, 2016 by the defendant, No. 1198.

1. Facts of recognition;

A. On July 25, 2016, the Defendant did not explicitly state the name of the corporation of D Co., Ltd. in the party column of the above contract. However, as at the time of D Co., Ltd., the Plaintiff’s name and seal affixed a corporate seal after the Plaintiff’s representative director’s name and seal affixed, D Co., Ltd. may also be deemed a party to the above contract.

(hereinafter “D”) and the Plaintiff, the representative director of the said company, entered into a joint investment agreement with the following contents:

(hereinafter referred to as “instant investment agreement”) The Plaintiff and the Defendant agree on the following matters with respect to the receipt of funds from the Defendant as necessary for the new construction of a multi-household 28 households on the land E and F at Jeju.

- - Article 1 (Investment of Funds)

1. The Defendant shall invest KRW 700 million in the existing D established through joint investment with the Plaintiff as prescribed by this Agreement.

2. The Plaintiff, along with the Defendant, shall jointly invest KRW 700 million by August 20, 2016, which is the date of payment of part payment of the land of the said multi-household housing site, with the said land to transfer the ownership in the name of D.

Article 2 (Investment Company) Name of Company: Plaintiff 50%, Defendant 50% officer: Representative Director, Defendant 3 (Formation, Operation, and Management of Epis of Juristic Persons) of Company Name.

1. The photographics and officers of the juridical person shall be appointed through consultation between the plaintiff and the defendant.

2. The Plaintiff is responsible for the operation and management of the corporation, and efforts to maximize its revenue are made.

Article 4 (Payment of Proceeds from Investment) A corporation shall pay to the defendant the principal amount of KRW 700 million within three months as of August 20, 2016 (Date of Payment of Advance) and pay the amount of KRW 700 million within six months.

B. On the same day, the Plaintiff and the Defendant prepared the notarial deeds as indicated in the Disposition No. 1 (hereinafter “notarial deeds of this case”) as follows.

Article 1 The Plaintiff on July 25, 2016.