Exhibit 10.11
The contract for developing the 2nd phase of RFID-based intelligent collaborative logistics & distributions’ information system
Parties of the contracts | Korea Pallet Pool (LogisAll), Clavis Technologies |
The contract period | 2008.12.31~2009.07.31 |
The contract amount | \ 250,000,000 (separate VAT, Value-Added Tax) |
The payment condition | Prepayment : 50% of contract amount (\ 125,000,000) The part payment : 30% of contract amount (\ 75,000,000) The rest: 20% of contract amount (\ 50,000,000) |
The warranty period | ~2010.07.31 |
Contents of the contract | Developing the 2nd phase of RFID-based intelligent collaborative logistics & distributions’ information system |
Attached papers | Appendix 1. Statement for what will be provided |