RFID Solution Development Agreement among GlobalID, Clavis Technologies, Dongbu CNI, CEN, and Hanyang University (2007-2009)

Summary

GlobalID, Clavis Technologies, Dongbu CNI, CEN, and Hanyang University entered into a two-year contract to develop a Korean u-SCM-based RFID management application. The agreement runs from December 1, 2007, to November 30, 2009, with specified payments to each party. If the companies succeed and begin commercial operations, they must pay a 20% technology fee based on project revenue. The contract also includes standards for using government funds and involves Hanyang University in industrial technology development.

EX-10.9 13 clavis_s1-ex1009.htm CONTRACT clavis_s1-ex1009.htm

EXHIBIT 10.9

Contracts in 2007

A. The contract for developing a RFID solution company to develop Korean u-SCM-based management application technology of Tag-at-Ship, Tag-at-Pick, Tag-at-Source

Parties of the agreement	GlobalID, Clavis Technologies
Participating companies	Dongbu CNI, CEN
Participating university	Hanyang University
The contract period	2007.12.01~2009.11.30 (24 months)
The contract amount	Clavis Technologies
	2007.12.01~2008.11.30 W 157,641,000
	2008.12.01~2009.11.30 W 157,641,.00
	DongbuCNI
	2007.12.01~2008.11.30 W 98,523,000
	2008.12.01~2009.11.30 W 98,523,000
	CEN
	2007.12.01~2008.11.30 W 46,286,000
	2008.12.01~2009.11.30 W 46,286,000
Payment of Technology fee	20% (Fixed rate)
	Conditions: If companies succeed this project and they start to sell or make a business, they have to pay the technology fee, 20% of project money.
Contents of the contract	developing a RFID solution company to develop Korean u-SCM-based management application technology of Tag-at-Ship, Tag-at-Pick, Tag-at-Source for 2 years
	-
	- Standards for using government money
	- Contract for industrial technology development with Hanyang university
	Hanyang University
	Hanyang University
	2007.12.01~2008.11.30 W 70,000,000
	2008.12.01~2009.11.30 W 70,000,000