Cost Assignment Agreement
Exhibit 10.18
THIS AGREEMENT is dated as of lst day of January 2020 between
Global Engine Limited, (the “Party A”), having its place of business at Room A, 8/F, Reason Group Tower, 000 Xxxxxx Xxxx Xxxx, Xxxx Xxxxx, Xxx Xxxxxxxxxxx, Xxxx Xxxx;
and
Boxasone Limited, (the “Party B”), having its place of business at Room A, 8/F, Reason Group Tower, 000 Xxxxxx Xxxx Xxxx, Xxxx Xxxxx, Xxx Xxxxxxxxxxx, Xxxx Xxxx.
The parties agree as follows:
1. | Party A shall share the portion of salaries expenses paid by Party B in relation to the general work allocation of the staff, in accordance with the estimated workload of staff used by Party A, for staff as listed below, starting from 1 January 2020 until termination by either party with one month’s written notice |
Ip Ka Pui (1/4 of the consultancy fee)
Xxx Xxxx Xxxxx (1/4 of the consultancy fee)
Xxxxxxxx Xxxxx (50% of the salary)
2. | Any amendments for the Agreement shall be in writing and signed by both parties hereto. |
3. | This Agreement shall be construed under and governed by the Laws of Hong Kong. |
Global Engine Limited | Boxasone Limited | |||
By: | /s/ Xxx Xxx Lung Xxxxxx | By: | /s/ Xxx Xxx Lung Xxxxxx | |
Xxx Xxx Xxxx Xxxxxx | Xxx Yat Lung Xxxxxx | |||
Director | Director |
THIS AGREEMENT is dated as of 1st day of July 2022 between
Global Engine Limited, (the “Party A”), having its place of business at Room C, 19/F, World Tech Centre, 00 Xxx Xxxx Xxxxxx, Xxxx Xxxx, Xxxxxxx, Xxxx Xxxx;
and
Boxasone Limited, (the “Party B”), having its place of business at Room C, 19/F, World Tech Centre, 00 Xxx Xxxx Xxxxxx, Xxxx Xxxx, Xxxxxxx, Xxxx Xxxx,
with reference to the cost assignment dated 1st day of January 2020.
The parties agree to amend the term as follows:
1. | Party A shall share the portion of salaries expenses paid by Party B in relation to the general work allocation of the staff, in accordance with the estimated workload of staff used by Party A, for staff as listed below, starting from 1 July 2022 to 31 January 2023: |
Ip Ka Pui (HKD5,000/month)
Tse Xxxx Xxxxx (HKD5,000/month)
Xxxx Xxx Xxx (HKD12,000/month)
2. | Any amendments for the Agreement shall be in writing and signed by both parties hereto. |
3. | This Agreement shall be construed under and governed by the laws of Hong Kong. |
For and on behalf of Global Engine Limited | For and on behalf of Boxasone Limited | |||
By: | /s/ Xxx Xxx Lung Xxxxxx | By: | /s/ Xxx Xxx Lung Xxxxxx | |
Xxx Xxx Xxxx Xxxxxx | Xxx Yat Lung Xxxxxx | |||
Director | Director |