Defendant

A Imprisonment with prison labor for eight months, for each of the defendants B and C, shall be punished by imprisonment for ten months.

provided that this ruling has become final and conclusive.

Punishment of the crime

Defendant C was sentenced to two years of imprisonment for a violation of the Act on Special Cases concerning Regulation and Punishment of Speculative Acts, Etc. at the Jung-gu District Court on November 18, 2009, and the said judgment became final and conclusive on November 26, 2009. On November 24, 2011, the Seoul Central District Court sentenced two years of a suspended sentence of imprisonment for August for fraud at the Seoul Central District Court on June 22, 2012, the said judgment became final and conclusive on June 22, 2012, and on July 26, 2012, the said judgment was sentenced to two years of a suspended sentence of imprisonment for six months from the Sung-nam Branch Branch of Suwon District Court on July 26, 2012 for fraud.

【Criminal Facts】

Defendant

C In the course of operating the Company G from July 2007 to December 2008, after receiving a loan from G to selling the forest land located in G from G and selling it in installments after selling it, but due to financial difficulties, it was not possible to repay the loan. On June 2008, 2008, the person who was in charge of the business of the company related to the fund management after establishing the J with I as well as the person who was in charge of the business of the company related to the fund management. Since June 2008, the Defendant A as the representative director in the name of J Co., Ltd., a planning real estate company from around June 2008, was a person who was in charge of the business of managing the company and selling the land, and Defendant B was a person who was in charge of the fund execution and selling the land from around July 2007 to J Co.

1. Defendant C and B’s public offering concluded a sales contract to purchase H forests and fields located in Young-si, G Co., Ltd., but, at the only time of down payment, the Defendants conspired to acquire money by fraud as if they would allow urine managers of G to divide and sell the said forests and fields.

On January 26, 2008, the above Defendants are expected to sell the victim L by dividing the forests and fields located in H at the time of admitting from our company to the customers in G office located in Gangnam-gu Seoul, Seoul on the eightth floor. If the provisional contract amount is first deposited, it would be possible to sell the above land in good location. If the above land is not sold, it would be always impossible to sell it.