Exhibit 10.12
Abstract for the loan agreement with Hyun Sook Choi
Parties of the an agreement | Hyun Sook Choi, Clavis Technologies |
The date of an agreement | 2010.03.31 |
The amount of loan | \ 50,000,000 |
The date of repayment | 2011.09.30 |
The interest | 12% / a year |
Contents of the contract | - Clavis can prepay the loan at any time. - When Clavis prepays the loan, this agreement will expire. - If Clavis cannot payback by September 30, 2011, Hyun Sook Choi may ask for loan to be paid in shares of Clavis common stock. |