EX-10.8 12 clavis_s1-ex1008.htm OFFICE LEASE Unassociated Document
EXHIBIT 10.8
 
Abstract for the lease

Parties of the agreement
Jin Su Seo, Clavis Technologies
The agreement period
1st contract date: 2005.01.17
The amount of loan
1st contract period: 2005.01.30~2007.01.29 (24months)
2nd contract period: 2007.01.30~2009.01.30
(Extending 24 months without increasing deposit)
3rd contract period: 2009.01.31~2010.01.30
(Extending 12 months without increasing deposit)
The deposit
W 50,000,000 (separate VAT, Value-Added Tax)
The payment condition
The initial payment W 5,000,000
The part payment W 20,000,000
The rest W 25,000,000
The rental fee
W 4,500,000/month (including management expenses)
Other payment
Electric charges
The size of rented space
247.61m2
Contents of the contract
- A lessee cannot rent out to other people some or all of the office instead of a landlord
- A lessee cannot assign to other people some or all of the office instead of a landlord
- Before the lease ends, a lessee has a right to negotiate with a landlord about extending the rental period and increasing rate of deposit.