EX-10.18 3 ea186312ex10-18_globalengine.htm COST ASSIGNMENT AGREEMENT WITH BOXASONE LIMITED, DATED JANUARY 1, 2020, AS AMENDED BY THAT CERTAIN COST ASSIGNMENT AGREEMENT, DATED JULY 1, 2022

Exhibit 10.18

 

Cost Assignment Agreement

 

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, 403 Castle Peak Road, Kwai Chung, 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, Kwai Chung, 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 Kwok Ching (1/4 of the consultancy fee)

 

Samantha Foong (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/ Lee Yat Lung Andrew   By: /s/ Lee Yat Lung Andrew
Lee Yat Lung Andrew   Lee Yat Lung Andrew
Director   Director

 

 

 

Cost Assignment Agreement

 

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, 95 How Ming Street, Kwun Tong, Kowloon, Hong Kong;

 

and

 

Boxasone Limited, (the “Party B”), having its place of business at Room C, 19/F, World Tech Centre, 95 How Ming Street, Kwun Tong, Kowloon, Hong Kong,

 

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 Kwok Ching (HKD5,000/month)

 

Wong Hom Lam (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/ Lee Yat Lung Andrew   By: /s/ Lee Yat Lung Andrew
Lee Yat Lung Andrew   Lee Yat Lung Andrew
Director   Director