Document:

Exhibit 10.2

 

EMPLOYMENT AGREEMENT

 

This Employment Agreement
(“Agreement”) is entered into by and between American BriVision (Holding) Corp, a Nevada company (“Employer”),
and Chun Mu Hung (“Employee”), to be effective on September 15, 2017 (the “Effective Date”).

 

WHEREAS, Employer is desirous
of employing Employee pursuant to the terms and conditions and for the consideration set forth in this Agreement, and Employee
is desirous of entering the employ of Employer pursuant to such terms and conditions and for such consideration.

 

NOW, THEREFORE, for and
in consideration of the mutual promises, covenants, and obligations contained herein, Employer and Employee agree as follows:

 

ARTICLE 1: EMPLOYMENT AND DUTIES

 

1.1. Employer agrees to employ Employee, and
Employee agrees to be employed by Employer, beginning as of the Effective Date and continuing until September 14, 2018, and for
additional consecutive one year periods thereafter (the “Term”) unless terminated as provided herein and subject to
the other terms and conditions of this Agreement.

 

1.2. Beginning Effective Date, Employee shall
be employed as Chief Financial Officer, the Secretary and the Treasurer of Employer. Employee agrees to serve in the assigned position
and to perform diligently and to the best of Employee’s abilities the duties and services appertaining to such position as
determined by Employer, as well as such additional or different duties and services appropriate to such position which Employee
from time to time may be reasonably directed to perform by Employer. Employee shall at all times comply with and be subject to
such policies and procedures as Employer may establish from time to time.

 

1.3. Employee shall, during the period of Employee’s
employment by Employer, devote Employee’s full business time, energy, and best efforts to the business and affairs of Employer.
The foregoing notwithstanding, the parties recognize and agree that Employee may engage in passive personal investments and other
business activities, which do not conflict with the business and affairs of the Employer or interfere with Employee’s performance
of his duties hereunder.

 

1.4. Employee acknowledges and agrees that
Employee owes a fiduciary duty of loyalty, fidelity and allegiance to act at all times in the best interests of the Employer and
to do no act which would intentionally injure Employer’s business, its interests, or its reputation. Employee agrees that
Employee shall not knowingly become involved in a conflict of interest with Employer, or its affiliates, or upon discovery thereof,
allow such a conflict to continue, except as approved by a majority of members of Employer’s Board of Directors.

 

1.5. Employee acknowledges and agrees that
Employee is expressly prohibited from purchasing or selling securities of the Company based on any material non-public information
obtained during the course of performing services to the Company. In addition, Employee is prohibited from informing, or “tipping,”
any other person about such material information.

 

ARTICLE 2: COMPENSATION AND BENEFITS

 

2.1. Employee’s initial base salary (the
“Salary”) shall be $40,000 per year which shall be paid in accordance with Employer’s standard payroll practice.

 

2.2. From and after the Effective Date, Employer
shall pay, or reimburse Employee, for all ordinary, reasonable and necessary expenses which Employee incurs in performing his duties
under this Agreement including, but not limited to, travel, entertainment, education, professional dues and subscriptions, and
all dues, fees and expenses associated with membership in various professional, business and civic associations and societies of
which Employee’s participation is in the best interest of Employer.

 

    	 	1	 

    	 

    

 

2.3. While employed by Employer, Employee shall
be allowed to participate, on the same basis generally as other employees of Employer, in all general employee benefit and incentive
plans and programs, including improvements or modifications of the same, which on the effective date or thereafter are made available
by Employer to all or substantially all of Employer’s employees. Such benefits, plans, and programs may include, without
limitation, medical, health, and dental care, life insurance, disability protection, qualified retirement and equity incentive
plans. Except as specifically provided herein, nothing in this Agreement is to be construed or interpreted to provide greater rights,
participation, coverage, or benefits under such benefit plans or programs than provided to employees pursuant to the terms and
conditions of such benefit plans and programs.

 

2.4. Employer may withhold from any compensation,
benefits, or amount payable under this Agreement all federal, state, city, or other taxes as may be required pursuant to any law
or governmental regulation or ruling.

 

ARTICLE 3: TERMINATION

 

PRIOR TO EXPIRATION OF TERM

 

AND EFFECTS OF SUCH TERMINATION

 

3.1. Employee’s employment with Employer
shall be terminated (i) upon the death of Employee, or (ii) upon Employee’s permanent disability (permanent disability being
defined as Employee’s physical or mental incapacity to perform his usual duties as an employee with such condition to remain
continuously and permanently for a period of 90 days).

 

3.2. If Employee’s employment is terminated
by reason of a “Voluntary Termination” (as hereinafter defined), the death of Employee, or by the Employer for “Cause”
(as hereinafter defined), all future compensation to which Employee is otherwise entitled and all future benefits for which Employee
is eligible shall cease and terminate as of the date of termination as provided in this Section. Employee, or his estate in the
case of Employee’s death, shall be entitled to base salary through the date of such termination and shall be entitled to
any individual bonuses or individual incentive compensation not yet paid but due under Employer’s plans but shall not be
entitled to any other payments by or on behalf of Employer except for those which may be payable pursuant to the terms of Employer’s
employee benefit plans (as hereinafter defined). For purposes of this Section 3.2, a “Voluntary Termination” of the
employment relationship by Employee prior to expiration of the Term shall be a termination of employment in the sole discretion
of and at the election of Employee, other than (i) a termination of Employee’s employment because of a material breach by
Employer of any material provision of this Agreement which remains uncorrected for thirty (30) days following written notice of
such breach by Employee to Employer or (ii) a termination of Employee’s employment within six (6) months of a material reduction
in Employees’ rank or responsibility with Employer. For purposes of this Section 3.2, the term “Cause” shall
mean any of (i) Employee’s gross negligence or willful misconduct in the performance of the duties and services required
of Employee pursuant to this Agreement; (ii) Employee’s final conviction of a felony; or (iii) Employee’s material
breach of any material provision of this Agreement which remains uncorrected for thirty (30) days following written notice to Employee
by Employer of such breach.

 

3.3. If Employee’s employment is terminated
for any reason other than as described in Section s 3.1 or 3.2 above during the Term, Employer shall pay to Employee a severance
benefit consisting of a single lump sum number of shares of common stock of the Company equal to one year Salary due to Employee
valued at average trading price of past thirty days prior to the termination date. Such severance benefit shall be paid no later
than sixty (60) days following Employee’s termination of employment. Employee shall not be under any duty or obligation to
seek or accept other employment following a termination of employment pursuant to which severance benefit payments under this Section
3.3 are owing and the amounts due Employee pursuant to this Section 3.3 shall not be reduced or suspended if Employee accepts subsequent
employment or earns any amounts as a self-employed individual. Employee’s rights under this Section 3.3 are Employee’s
sole and exclusive rights against the Employer or its affiliates and the Employer’s sole and exclusive liability to Employee
under this Agreement, in contract, tort or otherwise, for the termination of his employment relationship with Employer.

 

    	 	2	 

    	 

    

 

ARTICLE 4: MISCELLANEOUS

 

4.1. For purposes of this Agreement, (i) the
terms “affiliates” or “affiliated” means an entity who directly, or indirectly through one or more intermediaries,
controls, is controlled by, or is under common control with Employer or in which Employer has a 50% or more equity interest, and
(ii) any action or omission permitted to be taken or omitted by Employer hereunder shall only be taken or omitted by Employer upon
the express authority of the Board of Directors of Employer or of any Committee of the Board to which authority over such matters
may have been delegated.

 

4.2. For purposes of this Agreement, notices
and all other communications provided for herein shall be in writing and shall be deemed to have been duly given when received
by or tendered to Employee or Employer, as applicable, by pre-paid courier or by United States registered or certified mail, return
receipt requested, postage prepaid, addressed as follows: (i) If to Employer, to current corporate headquarters to the attention
of the General Counsel of Company. (ii) If to Employee, to his last known personal residence.

 

4.3. This Agreement shall be governed in all
respects by the laws of the State of New York, excluding any conflict-of-law rule or principle that might refer to the laws of
another State or country.

 

4.4. No failure by either party hereto at any
time to give notice of any breach by the other party of or to require compliance with, any condition or provision of this Agreement
shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time.

 

4.5. It is a desire and intent of the parties
that the terms, provisions, covenants, and remedies contained in this Agreement shall be enforceable to the fullest extent permitted
by law. If any such term, provision, covenant, or remedy of this Agreement or the application thereof to any person, association,
or entity or circumstances shall, to any extent, be construed to be invalid or unenforceable in whole or in part, then such term,
provision, covenant, or remedy shall be construed in a manner so as to permit its enforceability under the applicable law to the
fullest extent permitted by law. In any case, the remaining provisions of this Agreement or the application thereof to any person,
association, or entity or circumstances other than those to which they have been held invalid or unenforceable, shall remain in
full force and effect.

 

4.6. This Agreement shall be binding upon and
inure to the benefit of Employer and any other person, association, or entity which may hereafter acquire or succeed to all or
substantially all of the business or assets of Employer by any means whether direct or indirect, by purchase, merger, consolidation,
or otherwise. Employee’s rights and obligations under this Agreement are personal and such rights, benefits, and obligations
of Employee shall not be voluntarily or involuntarily assigned, alienated, or transferred, whether by operation of law or otherwise,
without the prior written consent of Employer, other than in the case of death or incompetence of Employee.

 

4.7. This Agreement replaces and merges any
previous agreements and discussions pertaining to the subject matter covered herein. This Agreement constitutes the entire agreement
of the parties with regard to such subject matter, and contains all of the covenants, promises, representations, warranties, and
agreements between the parties with respect such subject matter. Each party to this Agreement acknowledges that no representation,
inducement, promise, or agreement, oral or written, has been made by either party with respect to such subject matter, which is
not embodied herein, and that no agreement, statement, or promise relating to the employment of Employee by Employer that is not
contained in this Agreement shall be valid or binding. Any modification of this Agreement will be effective only if it is in writing
and signed by each party whose rights hereunder are affected thereby, provided that any such modification must be authorized or
approved by the Board of Directors of Employer.

 

[Intentionally left blank below]

 

    	 	3	 

    	 

    

 

 

IN WITNESS WHEREOF, Employer and Employee have
duly executed this Agreement as of the Effective Date.

 

	American BriVision (Holding) Corp.	 
	 	 
	/s/ Eugene Jiang	 
	Eugene Jiang	 
	CEO, President, Director and Chairman of Board	 

 

	EMPLOYEE	 
	 	 
	/s/ Chun Mu Hung	 
	Chun Mu Hung	 

 

 

    	 	4Exhibit 10.3

 

EMPLOYMENT AGREEMENT

 

This Employment Agreement
(“Agreement”) is entered into by and between American BriVision (Holding) Corp, a Nevada company (“Employer”),
and Chi-Hsin Richard King (“Employee”), to be effective on September 15, 2017 (the “Effective Date”).

 

WHEREAS, Employer is desirous
of employing Employee pursuant to the terms and conditions and for the consideration set forth in this Agreement, and Employee
is desirous of entering the employ of Employer pursuant to such terms and conditions and for such consideration.

 

NOW, THEREFORE, for and
in consideration of the mutual promises, covenants, and obligations contained herein, Employer and Employee agree as follows:

 

ARTICLE 1: EMPLOYMENT AND DUTIES

 

1.1. Employer agrees to employ Employee, and
Employee agrees to be employed by Employer, beginning as of the Effective Date and continuing until September 14, 2018, and for
additional consecutive one year periods thereafter (the “Term”) unless terminated as provided herein and subject to
the other terms and conditions of this Agreement.

 

1.2. Beginning Effective Date, Employee shall
be employed as Chief Scientific Officer of Employer. Employee agrees to serve in the assigned position and to perform diligently
and to the best of Employee’s abilities the duties and services appertaining to such position as determined by Employer,
as well as such additional or different duties and services appropriate to such position which Employee from time to time may be
reasonably directed to perform by Employer. Employee shall at all times comply with and be subject to such policies and procedures
as Employer may establish from time to time.

 

1.3. Employee shall, during the period of Employee’s
employment by Employer, devote Employee’s full business time, energy, and best efforts to the business and affairs of Employer.
The foregoing notwithstanding, the parties recognize and agree that Employee may engage in passive personal investments and other
business activities, which do not conflict with the business and affairs of the Employer or interfere with Employee’s performance
of his duties hereunder.

 

1.4. Employee acknowledges and agrees that
Employee owes a fiduciary duty of loyalty, fidelity and allegiance to act at all times in the best interests of the Employer and
to do no act which would intentionally injure Employer’s business, its interests, or its reputation. Employee agrees that
Employee shall not knowingly become involved in a conflict of interest with Employer, or its affiliates, or upon discovery thereof,
allow such a conflict to continue, except as approved by a majority of members of Employer’s Board of Directors.

 

1.5. Employee acknowledges and agrees that
Employee is expressly prohibited from purchasing or selling securities of the Company based on any material non-public information
obtained during the course of performing services to the Company. In addition, Employee is prohibited from informing, or “tipping,”
any other person about such material information.

 

ARTICLE 2: COMPENSATION AND BENEFITS

 

2.1. Employee’s initial base salary (the
“Salary”) shall be $50,000 per year which shall be paid in accordance with Employer’s standard payroll practice.

 

2.2. From and after the Effective Date, Employer
shall pay, or reimburse Employee, for all ordinary, reasonable and necessary expenses which Employee incurs in performing his duties
under this Agreement including, but not limited to, travel, entertainment, education, professional dues and subscriptions, and
all dues, fees and expenses associated with membership in various professional, business and civic associations and societies of
which Employee’s participation is in the best interest of Employer.

 

    	 	1	 

    	 

    

 

2.3. While employed by Employer, Employee shall
be allowed to participate, on the same basis generally as other employees of Employer, in all general employee benefit and incentive
plans and programs, including improvements or modifications of the same, which on the effective date or thereafter are made available
by Employer to all or substantially all of Employer’s employees. Such benefits, plans, and programs may include, without
limitation, medical, health, and dental care, life insurance, disability protection, qualified retirement and equity incentive
plans. Except as specifically provided herein, nothing in this Agreement is to be construed or interpreted to provide greater rights,
participation, coverage, or benefits under such benefit plans or programs than provided to employees pursuant to the terms and
conditions of such benefit plans and programs.

 

2.4. Employer may withhold from any compensation,
benefits, or amount payable under this Agreement all federal, state, city, or other taxes as may be required pursuant to any law
or governmental regulation or ruling.

 

ARTICLE 3: TERMINATION

 

PRIOR TO EXPIRATION OF TERM

 

AND EFFECTS OF SUCH TERMINATION

 

3.1. Employee’s employment with Employer
shall be terminated (i) upon the death of Employee, or (ii) upon Employee’s permanent disability (permanent disability being
defined as Employee’s physical or mental incapacity to perform his usual duties as an employee with such condition to remain
continuously and permanently for a period of 90 days).

 

3.2. If Employee’s employment is terminated
by reason of a “Voluntary Termination” (as hereinafter defined), the death of Employee, or by the Employer for “Cause”
(as hereinafter defined), all future compensation to which Employee is otherwise entitled and all future benefits for which Employee
is eligible shall cease and terminate as of the date of termination as provided in this Section. Employee, or his estate in the
case of Employee’s death, shall be entitled to base salary through the date of such termination and shall be entitled to
any individual bonuses or individual incentive compensation not yet paid but due under Employer’s plans but shall not be
entitled to any other payments by or on behalf of Employer except for those which may be payable pursuant to the terms of Employer’s
employee benefit plans (as hereinafter defined). For purposes of this Section 3.2, a “Voluntary Termination” of the
employment relationship by Employee prior to expiration of the Term shall be a termination of employment in the sole discretion
of and at the election of Employee, other than (i) a termination of Employee’s employment because of a material breach by
Employer of any material provision of this Agreement which remains uncorrected for thirty (30) days following written notice of
such breach by Employee to Employer or (ii) a termination of Employee’s employment within six (6) months of a material reduction
in Employees’ rank or responsibility with Employer. For purposes of this Section 3.2, the term “Cause” shall
mean any of (i) Employee’s gross negligence or willful misconduct in the performance of the duties and services required
of Employee pursuant to this Agreement; (ii) Employee’s final conviction of a felony; or (iii) Employee’s material
breach of any material provision of this Agreement which remains uncorrected for thirty (30) days following written notice to Employee
by Employer of such breach.

 

3.3. If Employee’s employment is terminated
for any reason other than as described in Section s 3.1 or 3.2 above during the Term, Employer shall pay to Employee a severance
benefit consisting of a single lump sum number of shares of common stock of the Company equal to one year Salary due to Employee
valued at average trading price of past thirty days prior to the termination date. Such severance benefit shall be paid no later
than sixty (60) days following Employee’s termination of employment. Employee shall not be under any duty or obligation to
seek or accept other employment following a termination of employment pursuant to which severance benefit payments under this Section
3.3 are owing and the amounts due Employee pursuant to this Section 3.3 shall not be reduced or suspended if Employee accepts subsequent
employment or earns any amounts as a self-employed individual. Employee’s rights under this Section 3.3 are Employee’s
sole and exclusive rights against the Employer or its affiliates and the Employer’s sole and exclusive liability to Employee
under this Agreement, in contract, tort or otherwise, for the termination of his employment relationship with Employer.

 

    	 	2	 

    	 

    

 

ARTICLE 4: MISCELLANEOUS

 

4.1. For purposes of this Agreement, (i) the
terms “affiliates” or “affiliated” means an entity who directly, or indirectly through one or more intermediaries,
controls, is controlled by, or is under common control with Employer or in which Employer has a 50% or more equity interest, and
(ii) any action or omission permitted to be taken or omitted by Employer hereunder shall only be taken or omitted by Employer upon
the express authority of the Board of Directors of Employer or of any Committee of the Board to which authority over such matters
may have been delegated.

 

4.2. For purposes of this Agreement, notices
and all other communications provided for herein shall be in writing and shall be deemed to have been duly given when received
by or tendered to Employee or Employer, as applicable, by pre-paid courier or by United States registered or certified mail, return
receipt requested, postage prepaid, addressed as follows: (i) If to Employer, to current corporate headquarters to the attention
of the General Counsel of Company. (ii) If to Employee, to his last known personal residence.

 

4.3. This Agreement shall be governed in all
respects by the laws of the State of New York, excluding any conflict-of-law rule or principle that might refer to the laws of
another State or country.

 

4.4. No failure by either party hereto at any
time to give notice of any breach by the other party of or to require compliance with, any condition or provision of this Agreement
shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time.

 

4.5. It is a desire and intent of the parties
that the terms, provisions, covenants, and remedies contained in this Agreement shall be enforceable to the fullest extent permitted
by law. If any such term, provision, covenant, or remedy of this Agreement or the application thereof to any person, association,
or entity or circumstances shall, to any extent, be construed to be invalid or unenforceable in whole or in part, then such term,
provision, covenant, or remedy shall be construed in a manner so as to permit its enforceability under the applicable law to the
fullest extent permitted by law. In any case, the remaining provisions of this Agreement or the application thereof to any person,
association, or entity or circumstances other than those to which they have been held invalid or unenforceable, shall remain in
full force and effect.

 

4.6. This Agreement shall be binding upon and
inure to the benefit of Employer and any other person, association, or entity which may hereafter acquire or succeed to all or
substantially all of the business or assets of Employer by any means whether direct or indirect, by purchase, merger, consolidation,
or otherwise. Employee’s rights and obligations under this Agreement are personal and such rights, benefits, and obligations
of Employee shall not be voluntarily or involuntarily assigned, alienated, or transferred, whether by operation of law or otherwise,
without the prior written consent of Employer, other than in the case of death or incompetence of Employee.

 

4.7. This Agreement replaces and merges any
previous agreements and discussions pertaining to the subject matter covered herein. This Agreement constitutes the entire agreement
of the parties with regard to such subject matter, and contains all of the covenants, promises, representations, warranties, and
agreements between the parties with respect such subject matter. Each party to this Agreement acknowledges that no representation,
inducement, promise, or agreement, oral or written, has been made by either party with respect to such subject matter, which is
not embodied herein, and that no agreement, statement, or promise relating to the employment of Employee by Employer that is not
contained in this Agreement shall be valid or binding. Any modification of this Agreement will be effective only if it is in writing
and signed by each party whose rights hereunder are affected thereby, provided that any such modification must be authorized or
approved by the Board of Directors of Employer.

 

[Intentionally left blank below]

 

    	 	3	 

    	 

    

 

IN WITNESS WHEREOF, Employer and Employee have
duly executed this Agreement as of the Effective Date.

 

	American BriVision (Holding) Corp.	 
	 	 
	/s/ Eugene Jiang	 
	Eugene Jiang	 
	CEO, President, Director and Chairman of Board	 

 

	EMPLOYEE	 
	 	 
	/s/ Chi-Hsin Richard King	 
	Chi-Hsin Richard King	 

 

 

    	 	4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00274-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00274-of-00352.parquet"}]]