1. The Defendant: (a) KRW 223,00,000 for the Plaintiff and 5% per annum from September 28, 2017 to November 29, 2017; and (b) the Plaintiff.

1. Determination on the cause of the claim

A. 1) On September 5, 2016, the Plaintiff and the Defendant entered into an agreement on the K-Global Re-Sart Group’s Private Investment Support Project (K-Global Re-Sart Group) agreement in 2016, and the specific details are as follows (hereinafter the above agreement is as follows: “The product development task performed by the Defendant is the product development task of the instant agreement.”

2) The title of the task: (a) the head of the Information and Communications Technology Promotion Agency of the Internet of Things (Management Agency) and the Defendant’s Convention Period: (b) August 15, 2016 through December 15, 2016: 323,000,000 total project cost: 323,000,000 - the Institute’s subsidies: 23,000,000 won: 10,000 won: the purpose of this Convention is to clarify the rights and obligations of the management institution and the subjects of the Convention in order to efficiently implement the project; (c) the Minister of Science and ICT determines that the results of the evaluation of the project, such as the redemption of the rights and obligations of the management institution and the subjects of the Convention, should submit the report on the results of the evaluation of the project determined by the Minister of Science and ICT pursuant to Article 1(1) of the Framework Act and the relevant regulations of the Ministry of Science and ICT (hereinafter “the subject of the Agreement”).

(See Articles 33, 34, and 48 of the above Regulations). 3.