A. On June 28, 2013, the Defendant entered into a guarantee insurance contract for the performance (hereinafter “instant insurance contract”) (hereinafter “sale price”) between the insured Sknex Co., Ltd. (hereinafter “Seoul Guarantee Insurance Co., Ltd.”) and the insured Sknex Co., Ltd. (hereinafter “Seoul Guarantee Insurance Co., Ltd.”) for the guarantee of the payment of the credit amount under a petroleum product supply contract with the Plaintiff, C Co., Ltd. (hereinafter “C”), D (each of the directors of the Plaintiff, Defendant, and C were registered as the representative director of each of the Plaintiff, Defendant, and C), and E (the Plaintiff’s director at the time of registration as well as the auditor of each of the Plaintiff’s office directors and C), F (the Plaintiff’s office director at the time of registration as well as the auditor of each of the Defendant’s respective of the above insurance contracts) with each of the Defendant’s joint and several surety liability insurance contracts under the Seoul Guarantee Insurance Contract.

B. After that, the Defendant’s failure to pay the credit amount to ZEex, and the Seoul Guarantee Insurance paid KRW 156,790,891, including overdue interest, to ZEex on April 22, 2015.

C. On June 26, 2015, the Seoul Guarantee Insurance filed a lawsuit against the Defendant, the Plaintiff, C, D, E, and F for reimbursement, etc. with the Busan District Court 2015da222643. After that, the Seoul Guarantee Insurance recovered KRW 136,647,608, the purport of the claim was reduced. On December 23, 2015, the above court rendered a final judgment against the Defendant, the Plaintiff, D, and E with respect to the admission of the Defendant, the Plaintiff, and the Plaintiff, the D, the E, and the F jointly and severally rendered a judgment against the Seoul Guarantee Insurance amounting to KRW 28,030,643 (i.e., the principal amounting to KRW 20,143,283,287,360) and damages for delay of determination of KRW 20,143,283,283) and the Seoul Guarantee Insurance’s judgment against the Defendant, the Plaintiff, and the F were fully and severally rendered the Seoul Guarantee Insurance.

The plaintiff is the insurance contract of this case.