1. The joint and several guarantee contract concluded on January 5, 201 between B and the defendant with respect to the obligation described in the attached Form shall be revoked.

2...

1. Facts of recognition;

A. The Plaintiff concluded each credit guarantee agreement with E to guarantee the payment of the principal and interest of loans to the bank and Industrial Bank of Korea of the non-party E Co., Ltd. (hereinafter “E”), with the period fixed on March 28, 2008 (1) as the guaranteed amount of 45,000,000 won on March 28, 2008, the guarantee period of 209 (amended to March 23, 2012), (2) September 22, 2008, as the guaranteed amount of 127,50,000 won on September 22, 2008, and the guarantee period of 127,50,000 won on October 2, 2013.

On the other hand, the defendant guaranteed each obligation under the credit guarantee agreement of E on the same day.

B. On November 22, 2010, as a credit guarantee accident under which E has lost the benefit of time due to the delinquency of the principal and interest of loans, the Plaintiff paid KRW 97,815,71 on October 28, 201, and KRW 42,106,151 on May 7, 2012 on behalf of each of the above banks, following the repayment by subrogation of the said banks: E, Defendant (B) and F; filed a lawsuit for indemnity amount of KRW 5057545 on August 22, 2013 with the Seoul Central District Court Decision in favor of the Plaintiff on August 22, 2013; jointly and severally, the Defendant received KRW 143,105,870 on October 28, 2011 and KRW 97,815,71 on April 26, 2015 from each of the following day to December 13, 2015.

The above judgment became final and conclusive around that time.

C. On January 5, 2011, E’s representative (director) B guaranteed the Defendant’s joint and several liability as to the obligation stated in the attached list against the Defendant in the attached list against the Defendant.

(hereinafter “instant joint and several sureties contract”). D.

The defendant shall file a lawsuit against E and B, claiming wages, etc. from the Suwon District Court 201Ga2305, and the mediation (main adjustment clause) on June 27, 2011 shall be jointly and severally paid to the plaintiff 4,075,000 won until October 31, 201. If the period is extended, 38,124,34 won out of the above amount shall be paid in addition to the interest for arrears calculated at the rate of 20% per annum from November 1, 201 to the date of full payment.

In addition to the above paragraphs, E and B shall jointly belong to the plaintiff in 2010.