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Joint Venture Agreement

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Date:
2003
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73K
ID:
#955595

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EXECUTION COPY


JOINT VENTURE AGREEMENT

LECG, LLC
as LECG

and

LECG Korea, LLC
as the Company

and

The Individuals listed on Exhibit I
collectively as the K&C Member

Dated as of July 19, 2003


JOINT VENTURE AGREEMENT

        THIS JOINT VENTURE AGREEMENT (the "Agreement"), dated effective as of July 19, 2003, is made and entered into by and among:

        LECG, LLC, a limited liability company duly organized and existing under the laws of the State of California of the United States of America and having its registered head office at 2000 Powell Street, Suite 600, Emeryville, CA 94608, U.S.A. ("LECG"), which has been the sole member of LECG Korea, LLC prior to the date of this Agreement.

        LECG Korea, LLC, a limited liability company duly organized and existing under the laws of Korea, having its registered head office at POSCO Center Building, 11th Floor, 892 Daechi4-Dong, Kangnam-Gu, Seoul, Korea 135-777 (the "Company").

        The individual persons listed in Exhibit I attached hereto, who are members of Kim & Chang, a Korean law firm whose main office is located at Seyang Building, 223, Naeja-Dong, Chongro-Ku, Seoul, Korea 110-720 ("K&C") and who will become the new members in the Company (such persons to be referred to collectively as the "K&C Member").

        (LECG, the Company, and the K&C Member, each acting on its own behalf are hereinafter referred to individually as a "Party" and collectively as the "Parties".)

WITNESSETH THAT:

        WHEREAS, the Company was incorporated on November 1, 2002 by capital contribution by LECG;

        WHEREAS, LECG currently owns 56,131 units of contribution ("Shares") of the Company, representing 100% of the total outstanding Shares issued by the Company as of the date of this Agreement;

        WHEREAS, LECG is a leading global economic and financial consulting services firm in areas where sophisticated economic and financial analysis is required, in particular in connection with the legislation and application of economic laws and regulations and related legal disputes;

        WHEREAS,


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