Cost Assignment Agreement
Exhibit 10.18
THIS AGREEMENT is dated as of 1st day of January 2020 between
Global Engine Limited, (the “Party A”), having its place of business at Room A, 8/F, Reason Group Tower, 403 Castle Peak Road, Xxxx Xxxxx, New Territories, Hong Kong;
and
Boxasone Limited, (the “Party B”), having its place of business at Room A, 8/F, Reason Group Tower, 403 Castle Peak Road, Xxxx Xxxxx, New Territories, Hong Kong.
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)
Tse 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: | By: | |||
| Xxx Xxx Lung Xxxxxx | Xxx Yat Lung Xxxxxx | |||
| Director | Director | |||
