REAL ESTATE REGISTER

Registration No. : 527-32

INDICATION NO DESCRIPTION

1 Received on June 12, 1989

Location : #123, Kwanchul-dong, JongRo-gu, Seoul, KOREA

Area : 1st Floor 94.50 ㎡

2nd Floor 94.50 ㎡

3rd Floor 84.0 ㎡

Underground 82.90 ㎡

"A” COLUM OWNERSHIP

1. Keeping of Ownership

Received in May 7, 1990 Under the No. of 54466

Reason : Sale Transaction on Mar. 25, 1990

Owner : Hong Kil Dang(451110-1148210)

Address : #102-907, Hyundae Apt., 129-96, Sungeui-dong, Nam-gu, Inchon

This is to certify that the above is authentic copy of original one field in this office.

Date : Sep. 8, 1999

/S/ Official Seal Affixed

Hong, Kil Dong

Registry Official

North Inchon Registry Official

Inchon District Court