EX-10.16 2 clavis_10k-ex1016.htm ABSTRACT FOR THE LEASE clavis_10k-ex1016.htm

EXHIBIT 10.16
 
 
Abstract for the lease


Parties of the agreements
Jin Su Seo, Clavis Technologies
The agreement period
 2011.02.01~2013.01.31
(Extending 12 months without increasing deposit)
The deposit
\ 30,000,000 (separate VAT, Value-Added Tax)
The rental fee
\ 4,600,000/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.