1. Of the instant lawsuit, the amount of dividend stated in the attached Table 1 List to the Plaintiffs exceeds each corresponding amount.

1. Facts of recognition;

A. The plaintiffs are the parties 1) W (W, country of registry, Hong Kong, 161,296 gross tonnage, heading code: X, IMO number: Y; hereinafter referred to as “instant vessel”).

(A) the owner of the vessel is the owner of the vessel (hereinafter referred to as “Z,” hereinafter)

(2) According to the Maritime Labor Convention, as amended in 2006, the 2006 Maritime Labor Convention (Convention, 2006), a ship registered in a member state of the said Convention (hereinafter “the member state of the said Convention both Korea and Hong Kong) shall provide the seafarers with a certificate of guaranteeing the payment of overdue wages (limited to four months) and return expenses, and in the case of the instant ship, the non-party AA company (A; hereinafter “AA”) issued an insurance policy and other certificates of guaranteeing monetary security as the owner of the ship, as the owner of the mutual liability insurance.

(hereinafter “instant insurance contract”). B.

The progress of the auction procedure against the instant vessel and the Plaintiff’s objection to the distribution 1) upon the Defendant’s application, the auction procedure was commenced on January 3, 2019 with respect to the instant vessel on the grounds of this Court V and AB (Duals). The said court held that the amount to be actually distributed on July 24, 2019, is the distribution schedule that distributes all of KRW 71,187,921,05 to the Defendant (hereinafter “instant distribution schedule”).

2) The Plaintiffs’ agent appeared on the aforementioned date of distribution, and raised an objection against the Defendant’s totaling KRW 330,575,651 (total amount of KRW 334,897,642) and interest thereon (total amount of KRW 330,575,651) (total amount of KRW 330,930,930,251) in total of wages = KRW 320,930,251 ($ USD 271,928.7, USD 16, 201 on July 16, 2019).