Parties of the an Agreement Hyun Sook Choi, Clavis Technologies the Date of an Agreement the Amount of Loan the Date of Repayment the Interest 12% / a Year Contents of the Contract - Clavis Can Prepay the Loan at Any Time. - When Clavis Prepays the Loan, ...

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
The amount of loan
\ 50,000,000
The date of repayment
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.