Office Lease Agreement between Jin Su Seo and Clavis Technologies (2010-2011)

Summary

This agreement is between Jin Su Seo and Clavis Technologies for the lease of a 247.61 square meter office space from January 30, 2010, to January 29, 2011. The lease can be extended for 12 months without an increase in the deposit. The deposit is 30,000,000 KRW (plus VAT), and the monthly rent is 4,600,000 KRW, which includes management fees. The tenant is responsible for electricity charges. The tenant cannot sublease or assign the office without the landlord's consent and has the right to negotiate an extension and deposit terms before the lease ends.

EX-10.14 7 clavis_s1a-ex1014.htm OFFICE LEASE clavis_s1a-ex1014.htm

Exhibit 10.14

Parties of the agreements	Jin Su Seo, Clavis Technologies
The agreement period	2010.01.30~2011.01.29 (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.