Loan Agreement between Clavis Technologies and Seong Hun Han dated April 16, 2010

Contract Categories: Business Finance › Loan Agreements
Summary

Clavis Technologies and Seong Hun Han entered into a loan agreement on April 16, 2010, for a principal amount of 100,000,000 KRW, with monthly interest of 1,700,000 KRW. The loan is to be repaid by November 30, 2010. Clavis may prepay the loan at any time, which will terminate the agreement. If Clavis cannot repay by the due date, it must negotiate an extension with Seong Hun Han.

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EX-10.13 6 clavis_s1a-ex1013.htm LOAN AGREEMENT clavis_s1a-ex1013.htm
Exhibit 10.13
 
 
Abstract for the loan agreement with Seong Hun Han
 
Parties of the an agreement
Seong Hun Han, Clavis Technologies
The date of an agreement
2010.04.16
The amount of loan
\ 100,000,000
The date of repayment
2010.11.30
The interest
\ 1,700,000/month
Contents of the contract
- Clavis can prepay the loan at any time.
- When Clavis prepays the loan, this agreement will expire.
- If the Clavis cannot pay lender back by November 2010, then Clavis needs to negotiate with Seong Hun Han for an extension.