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. |