EXHIBIT 10.16


 


Employment
Contract


 


This
contract of employment is entered into between MAN LOONG BULLION COMPANY LIMITED (hereinafter referred to as ‘Employer’)
and Mr CHOI KEE YUEN HKID:D068117(3) (hereinafter referred to as ‘Employee’) on 1 April 2015
under the terms and conditions of employment below:


 


TERMS
OF EMPLOYMENT


 


We
(Man Loong Bullion Company Limited) are pleased to inform you that subject to your acceptance of the following Terms of Employment,
your application for a position in the Company is accepted.


 


Position:
President, Chief Executive Officer


 


Basic
Salary: HK$10,000.00 per month


 


Commencement
Date: 1st April 2015


 


	Working
    Hours:	09:30am
    to 16:00pm (Mondays to Fridays)


Subject
to change to be determined by the Company from time to time.


 


	Annual
    Leave:	Ten
    days per year after you have completed your probation


(subjects
to the availability of manpower and the Company’s prior approval).


 


	Double
    Pay:	An
    extra month salary may be paid after completion of one year or prorate payment according to the number of months in service
    as yours performance.


 


	Termination
    of Employment Contract:	A
    notice period of 14 days or an equivalent amount of wages in lieu of notice should be given by both parties.





		During
                                         the probation period - within the first month: without notice or wages in lieu of notice,
                                         after the first month: a notice period of 14 days or an equivalent amount of wages in
                                         lieu of notice.



 






     


     


    

 


	Duty
    of Confidentiality:	Your
    undertake and warrant to the Company that you shall not divulge to or discuss with any outside party during or after the termination
    of your employment any information proprietary with the Company including any aspects of the Company’s business or the
    names of or contacts with individual clients or potential clients of the Company, nor allow or permit any person to have access
    to or inspect or make copies or extracts or to remove from the offices of the Company any papers or things whatsoever relation
    to or connected with the business of the Company or its clients without prior approval of the Company.



 


This
duty of confidentiality is of the essence of your employment and any breach of the same may result in summary dismissal. The Company
reserves its rights to claim against you for any loss or damage incurred or suffered by it arising from or in connection with
such breach.


 


This
duty of confidentiality shall survive notwithstanding your employment is terminated for whatever for whatever reason.


 


	Indemnity:	Your
    hereby agree and undertake that you shall indemnify the Company and each and every director and employee of the Company for
    the time being against all losses, damage costs and expenses which the Company and each and every director and employee of
    the Company may incur or sustain by reason of your breach of the provisions of these Terms of Employment.


 


	No
    Outside Employment:	You
    are not permitted to take up any other job during your employment with the Company unless prior consent of the Company has
    been obtained.


 


	Other
    Condition:	The
    Company may at its absolute discretion transfer you to any other positions or departments or places of business, including
    branches of the Company or shifts of work of the Company temporarily or permanently.


 


		The
                                         Company shall be entitled, without prior notice to you and without giving any reason
                                         therefor, to amend at any time and from time to time any provisions of this contract
                                         at its contract at its absolute discretion. Such amendments shall take effect and be
                                         binding on you on such date as may be stated in any notice given by the Company to you
                                         relating to such amendments.



 






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By
Accepting these Terms of Employment, you hereby agree and undertake that in the event of your leaving the Company for any reason
whatsoever, you agree and undertake that you will not at any time within six months following your leaving the Company:


 


	-	Directly
                                         or indirectly undertake work which assist or advise in any matter or business competing
                                         with the business of the Company;
	 	 
	-	On
                                         your own account or otherwise canvass, solicit or endeavor to entice away from the Company
                                         business of any person, firm or body corporate who has been a client of the Company within
                                         two years immediately preceding your leaving the Company; or
	 	 
	-	Howsoever
                                         entice, offer to employ, employ or procure to employ any employee of the Company who
                                         is an employee of the Company at your leaving the Company.



 


If
these Terms of Employment are acceptable to you, please sign at the space provided below.


 


	/s/
    Choi Kee Yuen	 	/s/
    Chan Lai Keung
	Employee’s
    Signature	 	Chan
    Lai Keung: Director
	Date:	 	Date:
    4/1/15


 


 




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