Document:

Document

Exhibit 10.5

Date:    June 10, 2019

To:    Andrew Frye

RE:    Baxter Equity

You will continue to be eligible to participate in the Long-Term Incentive (LTI) Program for senior management in accordance with the terms of the LTI program. The next LTI grant is currently scheduled for March 2020. Your equity target will be USD 1,400,000. The LTI Program delivers this value through a mix of 50% stock options and 50% performance share units. The Company’s equity targets are assessed annually and are subject to change based on market competitiveness and the company’s financial performance. Therefore, your equity target in the future may be greater or less than what is stated in this letter. Your actual equity grant will be based on the equity target for your level and an assessment of your individual performance and potential.

In order to receive these grants (both stock options and RSUs), you will need to sign a Singapore Non- Competition, Non-Solicitation and Confidentiality Agreement (“Agreement”) following the grants.

The terms of this addendum are deemed incorporated to your employment agreement dated August 1, 2019.

I have read this Agreement and accept the terms and conditions stated above:

						
		July 1, 2019
		
	Andrew Frye	Date

1
InitialsDocument

Exhibit 10.6

DATE:    June 10, 2019

TO:    Andrew Frye

Addendum to Singapore Employment Contract Dear Andy,
Congratulations on your upcoming International Transfer. This letter outlines the provisions relating to your relocation and general transition to Singapore.

TRANSFER OF EMPLOYMENT

•All conditions in the Company’s International Transfer Policy apply to your move unless otherwise specified in this letter.

•Any employment contracts you may have had with a subsidiary, division or facility of Baxter outside do not transfer or otherwise apply to your Singapore employment (including, without limitation, your employment agreement with Baxter Healthcare (Thailand) Co. Ltd (the “Contract”) which terminated by reason of your resignation on July 31, 2019.

•Your original hire date of July 1, 2017 under the Contract will be used for future service awards, severance calculations and any applicable contractual or statutory entitlements in Singapore, if applicable.

TAX

•You will be responsible for Singapore taxes relating to any income received as of the effective date of your international transfer. You will also be responsible for Singapore and Thailand taxes relating to any compensation, awards, or benefits granted prior to the effective date of your international transfer, but received after the effective date. From a Baxter perspective, these items of income would include base salary, annual incentive payments, stock options income realized at exercise or sale, restricted stock and other equity awards, benefit plan distributions and other Company-earned income.

•You will receive Singapore, U.S. and Thailand tax preparation services, as required, for the duration you are employed with Baxter Singapore. In the event, you separate from Baxter Singapore, you will receive tax preparation services for the tax year that aligns with the effective date of your separation.

Additionally, you will receive tax consultations through Baxter’s designated tax preparation firm.

RELOCATION

•The Company will assist you with the relocation expenses listed below. Upon acceptance, a representative from our relocation vendor will be contacting you to initiate your relocation process. You and any eligible family members will have one year from the date of transfer to use these benefits.

▪Household Good Shipment Support – The Company will provide you a shipment of goods to include a sea shipment (up to two 40ft containers) and air shipment (equivalent up to 450 kg).

▪Immigration Support – The Company will assist with the documentation for you and your family members, where eligible, to live and work in Singapore.
			
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▪Settling-In Services – The Company will provide a program to help you settle into your new location, including finding a new rental, signing a lease, etc.

▪Taxes – The Company will pay any taxes assessed in your new country on these relocation benefits and services.

•The Company has committed considerable resources to develop a program that will benefit you during your relocation. You are asked to take part in this partnership and complete the relocation repayment agreement prior to beginning the relocation process. The Company’s Relocation Vendor, Aires, will collect the agreement electronically through their system.

MOBILITY BENEFITS

•The Company will provide you a monthly housing allowance of SGD 16,000 during your employment with Baxter in Singapore. You are responsible for maintaining your housing lease, making all rent payments, and paying for any other costs associated with the housing (i.e. utilities, security deposit, etc.) The Company’s designated relocation vendor will make the monthly rental payments to the bank account and currency of your choice. This allowance will not transition to any future Baxter employment outside of Singapore.

•The Company will reimburse actual registration, tuition fees, and transportation to/from school for your child through high school graduation. No uniforms, books, lunches, field trips, tutoring or extracurricular
activities will be reimbursed. The Company’s designated relocation vendor will make the reimbursement to
the bank account and currency of your choice.

•The Company will enroll you and your immediate family members in the Company’s Offshore medical and dental programs. Additionally, you will be enrolled in a life insurance and accidental death and dismemberment (AD&D) program. The Company will pay the cost of the insurance premiums and you will be responsible for any copays and deductibles. Dependent children up to age 26 can be covered under the medical and dental program.

•You hereby agree that these Mobility Benefits (i.e. housing allowance, schooling, and benefit coverage) are purely provided by the Company for your welfare and not in any way considered as wage under any applicable employment law.

•The terms of this addendum are deemed incorporated to your employment agreement dated August 1, 2019.

Accepted By:    Date

    Jul 9, 2019

Andrew Frye
			
	2Exhibit 10.1

 

TREASURE SUCCESS INTERNATIONAL LIMITED

Unit A, 19/F, Ford Glory Plaza, 37-39 Wing Hong
Street, Cheung Sha Wan, Kowloon, HONG KONG.

Tel : (852) 2484 6688 Fax : (852) 2480 3232

 

LETTER OF EMPLOYMENT

 

This letter of employment is entered into by Treasure
Success International Limited (referred to as the “Employer” hereinafter) and

 

Mr. Choi Lin Hung (referred to as the “Employee”
hereinafter) under the terms and conditions of the employment as detailed below:-

 

		1.	Commencing Date of Employment

 

Effective from 1 April 2022

 

		2.	Position

 

Treasurer

 

		3.	Salary

 

The Employee shall receive
HK$117,000 as monthly salary.

 

		4.	Working Hours 

 

The Employee shall enjoy
2 rest days per week with office working hours as below:

 

		Monday to Friday 	9:00 a.m. to 6:00 p.m.

		Saturday & Sunday	Rest Day

 

		5.	Rest Days

 

When the Employee is employed for not
less than 4 consecutive week, and works for not less than 18 hours in each week, then, the Employee shall be entitled for 2 Rest Days
for each week. Thus, if the Employee is resigned or terminated within the first 4 weeks of employment, the Employer is entitled to deduct
all Rest Day payment from the salary payable to the Employee. If the Rest Day paid amount is greater than the salary payable amount, the
Employee shall refund the difference to the Employer.

 

		6.	Statutory Holidays 

 

When the Employee is employed for
not less than 3 months under a Continuous Employment, then, the Employee shall be entitled for the Statutory Holidays. Thus, if the Employee
is resigned or terminated within the first 3 months of employment, the Employer is entitled to deduct all Statutory Holidays payment from
the salary payable to the Employee. If these Holidays paid amount is greater than the salary payable amount, the Employee shall refund
the difference to the Employer.

 

		7.	Probation

 

There shall be no probationary period
for this employment.

 

		8.	General Holidays

 

The Employee shall be entitled
to general holidays as specified by Government.

 

    page 1 of 3

     

    

 

		9.	End of Year Payment

 

		(a)	The payment period of the company is from 1st
January to 31st December of each year. All employees with one complete year of service who are still in service on 31st
December shall be entitled to an end of year double pay equal to one month basic salary. For those off probation staff with service
of less than 12 months, calculations shall be on pro-rata basis. For those on probation staff, no double pay will be available.

 

		(b)	The Employee who resigns or is summarily dismissed for disciplinary reason before completing a payment
period shall not receive any double pay.

 

		(c)	The Employee who is dismissed other than summary dismissal, has completed 26 weeks of service in the payment
period shall be entitled to double pay on a pro-rata basis.

 

		10.	Termination of Employment

 

		(a)	Either party may terminate this employment by giving to the other party advance notice (or a payment in
lieu of notice for an equivalent number of days) in accordance with the following practices.

 

	(i)	After completion
    of 1 month service but during probation :	A notice of
    7 days

 

	(ii)	After probation
    :	A notice of
    1 month

 

		(b)	A notice of termination shall become valid and effective only when two copies of written notice of termination
are delivered by the Employee (one copy to the Head of Personnel Department and another to the Managing Director or General Manager).

 

	Signature of Employer	 	Signature of Employee
	 	 	 	 
	/s/ Treasure Success International Limited	 	/s/ Choi Lin Hung
	(Chop of the Company)	 	Staff Name: Choi Lin Hung
	 	 	HKID No
	: *

 

    page 2 of 3

     

    

 

TREASURE SUCCESS INTERNATIONAL LIMITED

Unit A, 19/F, Ford Glory Plaza, 37-39 Wing Hong
Street, Cheung Sha Wan, Kowloon, HONG KONG.

Tel : (852) 2484 6688 Fax : (852) 2480 3232

 

LETTER OF EMPLOYMENT

 

		11.	Employees’ Handbook

 

Detailed employment
terms, benefits and regulations are laid down in the Employees’ Handbook of which is open for perusal by the Employee and will constitute
to act as part of the employment. The Employee hereby agrees to abide by the regulations laid down in the Employees’ Handbook, and
shall be entitled to all benefits stipulated therein.

 

		12.	Additional Employment Terms :-

 

		(a)	The Employee will not enter into any other additional employment
even for a short time during the term of employment with The Employer.

 

		(b)	The Employee will not accept any gift of gratuity whether
in cash or otherwise from any of the customers or suppliers of the Employer without the prior consent of the Employer.

 

		(c)	The Employer considers that its information relating to its
customers, our pricing policy and its suppliers and factories is very much its stock-in-trade just as the products it sell. Therefore
it is a term of the employment that the Employee shall not, either during the employment or after the departure on the own accord of
the Employee or for breach of this employment reveal to any outside party any information concerning the customers of the Employer or
anything relating to the structure, administration, and/or financial affairs of the Employer.

 

In addition when the Employee leave the
employment of the Employer for any reason the Employee must immediately deliver up to the Employer officers all lists, accounts, schedules,
correspondence files, notes, memoranda and other documents, papers and all property of every kind belonging to the Employer or its any
associated or affiliated company, firm or person or any of the customers or clients of the Employer.

 

The above requirement includes any such
item which the Employee have prepared or which may have come into the Employee possession during the course of the employment with the
Employer. Please take note that all copies of any such documents etc. are equally the properties of the Employer and must likewise be
surrendered. Taking copies away would be as much a breach of this provision as taking the originals.

 

		(d)	The Employee shall not for a period of one year after leaving
the employment for any reason either directly or indirectly solicit, canvass or accept orders from any person, firm or company who or
which was a customer of the Employer at the time of the departure of the Employee from the Employer or within one year beforehand. This
applies to the Employee personally and whether the Employee is acting as a servant, agent, employee or director of any other person,
firm or company.

 

		(e)	The Employee understands that the Employer rely to a large
extent on the loyalty of its staff and the Employer cannot allow persons who leave it to try to entice away its other employees. Therefore
it is also a term of the employment that the Employee shall not for one year after leaving the Employer for any reason employ either
directly or as a partner of a firm or as a manager, officer or director of any company any employee of the Employer or any person who
had been employed by the Employer within the period of three months immediately preceding the date the Employee cease to be employed
by the Employer.

 

		(f)	If the Employee is at any time during the continuance of
this employment be guilty of conduct detrimental to the Employer or be convicted of any criminal offence or commit a breach of any of
the provisions herein contained and in any such cases the Employee is liable to summary dismissal by the Employer and on such dismissal
the Employee is entitled only to your salary calculated up to the date of such dismissal.

 

		(g)	The Employee undertakes during the continuance of this employment
to observe and comply with all proper orders and instructions of the Employer and to be bound by all regulations for the time being in
force or applicable to the employment.

 

The Employer and the Employee hereby declare that
they understand thoroughly the provision laid down as aforesaid, and further agree to abide by such provisions. They shall each retain
a copy of this employment for future reference.

 

	Signature of Employer	 	Signature of Employee
	 	 	 
	/s/ Treasure Success International Limited	 	/s/ Choi Lin Hung
	(Chop of the Company)	 	Staff Name: Choi Lin Hung
	 	 	HKID No : 	*

 

Date on which this employment is entered into: 22 April 2022

 

    page 3 of 3

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