1. Basic facts

A. On July 4, 2007, the Plaintiff was established for the purpose of automobile maintenance and service business, etc., and the Defendant, an employee of Hyundai Motor Co., Ltd., and the Plaintiff confirmed that the Defendant had a debt of KRW 240 million with respect to the purchase of vehicles, etc., and entered into an agreement with the Defendant to pay the said debt by reducing the said debt (hereinafter “instant agreement”). The specific content is as listed below.

1. The Plaintiff confirms that the Defendant has a debt amounting to KRW 240,000,000,000, including the purchase cost of vehicle parts.

2. The plaintiff must inevitably require the entry of outside funds due to the shortage of business funds, and normalize the company with such funds. Notwithstanding the bonds under paragraph (1) of the above Article, the defendant shall adjust the bonds in the following manner:

1) When the Plaintiff is designated as Hyundai Automobile Co., Ltd. and Maintenance Co., Ltd., 1) the total amount of claims shall be reduced to KRW 120 million,00,000,000,000 which is 50% of the total amount of claims, 2) the above KRW 120,000,000,000,000 shall be immediately paid to the Defendant at the time of an additional loan by changing the bank to Busan Bank (or Nonghyup), and 3) the remaining balance shall be paid to the Defendant within 3 months from the date the Plaintiff was designated as the Maintenance Co., Ltd..... (b) The Plaintiff shall reduce the total amount of claims to KRW 12,00,000,000,000,000,000,000,000 to KRW 30,000,000,000,000 to the Defendant for a separate period of KRW 300,000,00.