property purchase agreement this purchase agreement is made with respect to the purchasing of the premises(hereinafter referred to as premises) as described below upon the terms and conditions contained herein. article 1【description of premises】 location 123 maple avenue, gangnam-gu, seoul, south korea land categorresidential area 00 ㎡ building structure use reinforced concrete / single-family home area 00 ㎡ article 2【terms and conditions】 the manner of payment will be determined as follows upon the agreement between the seller and the buyer purchase price krw only ( ) initial deposit krw only shall be paid upon the execution of this agreement. recipient john doe seal loans krw only shall be loaned from crown bank. leasehold deposit krw only shall be succeeded. intermediate payments krw only shall be paid on (date: ) balance krw only shall be paid on (date: ) article 3【title transfer】 upon the receipt of balance of the purchase price, the seller shall deliver to the buyer all relevant documents required for title transfer registration and cooperate for the registration process.the occupancy date of the premises shall be (date: ) article 4【remove the restriction from premises】 prior to the receipt of the balance of the purchase price, seller shall deliver complete title by removing all the restrictions including encumbrances, easements and any rights limiting the performance of title and clear unpaid taxes or fees if there is any, except the rights and amounts agreed to be transferred to the buyer herein. article 5【local tax】 the party to pay any taxes, fees or receive any income generated from the property transaction herein shall be determined in a basis of occupancy date.any obligation or liability of local tax shall be performed in accordance with local t