0001213900-24-061514 Sample Contracts

Form of Lock-Up Agreement
Lock-Up Agreement • July 16th, 2024 • Hanryu Holdings, Inc. • Services-computer programming, data processing, etc.

The undersigned understands that Aegis Capital Corp. (the “Underwriter”), proposes to enter into an Underwriting Agreement (the “Underwriting Agreement”) with Hanryu Holdings, Inc., a Delaware corporation (the “Company”), providing for the public offering (the “Public Offering”) of shares of common stock, $0.001 par value, of the Company (the “Shares”).

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HANRYU HOLDINGS, INC.
Securities Subscription Agreement • July 16th, 2024 • Hanryu Holdings, Inc. • Services-computer programming, data processing, etc. • Delaware

This agreement (the “Agreement”) is entered into effective May 31, 2023 by and between Hanryu Holdings, Inc., a Delaware corporation (the “Company”) and [AUTHORIZED PERSON], a natural person (the “Subscriber”). Pursuant to the terms hereof, the Company hereby accepts the offer the Subscriber has made to purchase 760,000 shares of the Company’s common stock $0.001 par value per share (the “Shares”), for a Purchase Price (as defined in Section 1.1) of $10.00 per share.

BUSINESS TRANSFER AGREEMENT
Business Transfer Agreement • July 16th, 2024 • Hanryu Holdings, Inc. • Services-computer programming, data processing, etc.

This BUSINESS TRANSFER AGREEMENT (the “Agreement”) is made and entered into on June 22, 2022, by and between HANRYU BANK CO., LTD., a corporation incorporated in South Korea (the “Seller”), and KINGDOM HOLDINGS., a corporation incorporated in the Cayman Islands (the “Purchaser”).

Labor Contract
Labor Contract • July 16th, 2024 • Hanryu Holdings, Inc. • Services-computer programming, data processing, etc.
Labor Contract
Labor Contract • July 16th, 2024 • Hanryu Holdings, Inc. • Services-computer programming, data processing, etc.
Oral Agreement Summary
Employment Agreement • July 16th, 2024 • Hanryu Holdings, Inc. • Services-computer programming, data processing, etc.

On January 1, 2022, David Gregg entered into an employment agreement with the Company. Subsequently, David Gregg entered into an oral agreement with the Company agreeing to waive his compensation until after Hanryu Holdings, Inc. consummates its Initial Public Offering.

Oral Agreement Summary
Employment Agreement • July 16th, 2024 • Hanryu Holdings, Inc. • Services-computer programming, data processing, etc.

On June 1, 2022, Taehoon Kim entered into an employment agreement with the Company. Subsequently, Taehoon Kim entered into an oral agreement with the Company agreeing to waive his compensation until after Hanryu Holdings, Inc. consummates its Initial Public Offering.

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