1. The Defendant: USD 6,414,076.06 and the year from April 20, 2013 to June 23, 2014 to the Plaintiff.

1. Facts of recognition;

A. The Plaintiff and the Plaintiff entered into a subcontract for construction of the fetus, Inc. 1) from the Nurung City Corporation of Singapore (hereinafter “JTC”) to the Nurung City Corporation of Singapore (hereinafter “JTC”), the Plaintiff was awarded a contract for the operation of submarine oil storage facilities, relevant machinery and electricity, etc., and the export-import wharf construction during the first stage of the petroleum storage base of the Nurung Island of Singapore Nurung Island. The Plaintiff is a maritime tunnel construction during the said construction (hereinafter “instant construction”).

As to October 7, 2009, a fetus Construction Co., Ltd. (hereinafter “Musia Construction”) (hereinafter “Musia Construction”)

b) Singapore (hereinafter the same shall apply) and the contract amount;

(2) Of the terms and conditions of the said subcontract, the amount of USD 98,823,00 and the period of construction were concluded from October 1, 2009 to June 30, 2013. (2) Of the terms and conditions of the said subcontract, the details relating to the performance guarantee of the contract are as follows:

A. On 15.1. General Conditions, the subcontractor shall provide, within 14.0 days from the date of conclusion of the subcontract, a bank guarantee which is absolute and impossible to cancel, and such guarantee shall be issued in Korea or Singapore, an amount equivalent to (5) per cent of the subcontract amount, as a guarantee to be adequately fulfilled and complied with by the subcontractor, all the provisions, conditions, and consent contained in this document.

For the purpose of this section, the term "Absolute guarantee" means a guarantee by the Corporation that the sum of the subcontract amount would be paid at the request of the Corporation in writing, i.e., a cost not exceeding five percent (5%). In this case, it is not necessary to prove that the contractor is a contractor who is entitled to use the relevant cost or receive compensation under the subcontract, or to prove that the subcontractor has violated or failed to comply

The guarantee presented in accordance with this section in the form of a bank guarantee shall be referred to as "contract performance guarantee" in this section.

The performance guarantee for the construction works shall be used in accordance with the terms of this subcontract.