1. The Defendant is based on the agreement on May 23, 2014 with respect to the Plaintiff’s forest No. 23,901 square meters in Jeonbuk-gun, Jeonbuk-gun.

1. Facts of recognition;

A. On November 26, 2013, the Plaintiff entered into a real estate exchange contract with the Defendant’s agent E (the husband of the Defendant’s representative director F) (the “A” refers to the Defendant, and the “B” refers to the Defendant; hereinafter “instant exchange contract”).

1. At the location of the article A, Dong-dong, Dong-dong, G, and H, hereinafter “the instant telecom”).

A Exchangeable Goods Area: 1742 square meters in land, 1525.44 square meters in buildings, loans: 1,340,000,000 square meters in terms of principal (Criteria for Principal) present facilities.

2. The location of the article B;

1. The instant real estate D (hereinafter referred to as “instant real estate”) in Jeonbuk-gun, Jeonbuk-gun.

2. J of the Gyeongjin-gun in North Korea;

3. Goods exchanged for the exchange of K insan-si and L 2 parcels in Jeonnam-gun, Jeonnam-gun.

1. Area: 23,901 square meters, land category: Forest land and other defects; and

2. Land category: Forest land, area: 1752 square meters, and other defects; and

3. Land category: A and B shall deliver all the documents required for the registration of the transfer of ownership to the other party simultaneously with the receipt of the balance of the exchange difference, and shall exchange all the documents on the date of the exchange of goods unless the exchange difference is made, and A and B shall deliver real estate, respectively, to the other party, which shall be handed over, as regards the loan of 406 square meters in K, L 319 square meters

Article 6 Transfer of Real Estate A may be made by transferring the registration of trust.

Special Agreement - The term "B" shall be succeeded to the loan of the goods A.

- The reported amount of the transaction of “A” real estate shall not exceed 2.6 billion won, and the real estate 1. and 2. of “B” real estate shall be less than 400 million won, respectively, and 3. A transaction report shall be subject to mutual agreement.

(Provided, That if it is impracticable to report to "B", it shall be reported by transferring to the third corporation). - The contract of "B" shall be recognized as the husband's representative contract.

B. On January 2, 2014, upon the Defendant’s request, the Plaintiff completed the registration of ownership transfer on the instant telecom building and site for the trust on December 6, 2013.

From that time, M operated and managed the instant Moel under the Defendant’s understanding.

C. The defendant has entered into the exchange contract of this case.