Loan Agreements between Woori Bank and Clavis Technologies (2008–2009)

Summary

Woori Bank and Clavis Technologies entered into several loan agreements between 2008 and 2009, with loan amounts ranging from W 80,000,000 to W 400,000,000. The loans are secured by deposits in Clavis' account, and Clavis is restricted from withdrawing more than 120% of the loan amount from its account. The lender, Woori Bank, can demand repayment of part or all of the loan at any time, and the agreements expire upon full repayment. Interest rates vary by agreement, and each has a specific repayment date.

EX-10.6 10 clavis_s1-ex1006.htm ABSTRACT clavis_s1-ex1006.htm

EXHIBIT 10.6

Abstract for Woori loan

Parties of the an agreement	Woori Bank, Clavis Technologies
The date of an agreement	2008.01.18
The amount of loan	W 400,000,000
The date of repayment	2010.01.16
The interest rate	6.83%
The expire date an agreement	2010.01.16
Contents of the contract	- Whenever a lender wants, a lender can turn back the part of loan or all.
	- When a lender turns back all of loan, this agreement will be expired.
	- This loan is based on the deposit in Clavis' account.
	- Clavis cannot withdraw their own money over 120% of total amount of this loan from their own account.
	- When Clavis turns back some, the amount of withdrawing money will be increase.
The remain loan in December 2009	W 148,000,000

Parties of the an agreement	Woori Bank, Clavis Technologies
The date of an agreement	2008.12.31
The amount of loan	W 180,000,000
The date of repayment	2009.12.31
The interest rate	5.80%
The expire date an agreement	2009.12.31
Contents of the contract	- Whenever a lender wants, a lender can turn back the part of loan or all.
	- When a lender turns back all of loan, this agreement will be expired.
	- This loan is based on the deposit in Clavis' account.
	- Clavis cannot withdraw their own money over 120% of total amount of this loan from their own account.
	- When Clavis turns back some, the amount of withdrawing money will be increase.
The remain loan in December 2009	W 180,000,000

Parties of the an agreement	Woori Bank, Clavis Technologies
The date of an agreement	2009.04.22
The amount of loan	W 80,000,000
The date of repayment	2010.04.22
The interest rate	6.29%
The expire date an agreement	2010.04.22
Contents of the contract	- Whenever a lender wants, a lender can turn back the part of loan or all.
	- When a lender turns back all of loan, this agreement will be expired.
	- This loan is based on the deposit in Clavis' account.
	- Clavis cannot withdraw their own money over 120% of total amount of this loan from their own account.
	- When Clavis turns back some, the amount of withdrawing money will be increase.
The remain loan in December 2009	W 148,000,000