Parties of the an agreementHyun Sook Choi, Clavis TechnologiesThe date of an agreement2010.03.31The amount of loan\ 50,000,000The date of repayment2011.09.30The interest12% / a yearContents 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.
EX-10.12 5 clavis_s1a-ex1012.htm LOAN AGREEMENT clavis_s1a-ex1012.htm
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. |
