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. |