1. The Defendant’s KRW 327,00,000 as well as the annual amount of KRW 5% from October 18, 2014 to April 21, 2016 to the Plaintiff, and the following.

1. Basic facts

A. On October 17, 2014, the Plaintiff entered into a sales contract with the Defendant for the purchase and sale of 10,818 square meters (hereinafter “instant land”) of the Plaintiff’s school site in Yangsan-si, Yangsan-si, with the purchaser as “other than the Plaintiff” (hereinafter “instant sales contract”). The main contents are as follows.

Real estate sales contract;

1. Indication of real estate: 10,818 square meters in the school site in Gyeyang-si;

2.Article 1 of the Terms and Conditions of the Contract, the buyer will pay the above-mentioned real estate sales proceeds as follows:

Sales proceeds: 3,270,000,000 won: The remainder of KRW 327,00,000: 2,943,00,000 ( February 7, 2015) the seller under Article 2 shall remove all restrictions such as the establishment of mortgages and the unpaid amount of public charges that interfere with the exercise of ownership of the above real estate, receive the balance of the sales proceeds, and deliver and transfer all the documents and complete ownership necessary for the registration of ownership transfer to the buyer.

§ 3. As of the date of delivery of the above mentioned real property, the payment of profits and public charges incurred in respect of such real property to the seller by the preceding day shall belong to the seller, and thereafter shall revert to the buyer.

(c)The buyer of Article 4 may rescind this contract until he pays the intermediate payment (if there is no intermediate payment agreement, until he pays the intermediate payment) to the seller, and if the buyer cancels the contract, he shall reimburse twice the down payment and waive the down payment when the buyer cancels the contract.

Matters of special agreement

1. The cancellation of the urban planning and the change of land category above shall be made on the part of the buyer;

2.The above written consent to the use of land shall be affirmatively complied with by the seller upon the buyer’s request.

A contract shall be null and void if the written consent is not submitted.

B. On October 17, 2014, the Plaintiff notified the Defendant of the highest and the cancellation of a sales contract, and the Defendant paid the down payment to the Plaintiff on February 9, 2015, which is the remainder payment date.