Document:

Form of Indemnification Agreement with the Registrant's directors

 Exhibit 10.2 
  
 INDEMNIFICATION AGREEMENT 
  
 This Indemnification Agreement (the “Agreement”) is entered into as of
                    , 200     by and between A-Max Technology Limited, a Bermuda company (the “Company”)
and the undersigned, a director and/or an officer of the Company (“Indemnitee”), as applicable. 
  
 RECITALS 
  
 1. The Company recognizes that highly competent persons are becoming more reluctant to serve corporations as directors or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification
against risks of claims and actions against them arising out of their services to the corporation. 
  
 2. The Board of Directors of the Company (the “Board”) has determined that the inability to attract and retain highly competent persons to serve
the Company is detrimental to the best interests of the Company and its shareholders and that it is reasonable and necessary for the Company to provide adequate protection to such persons against risks of claims and actions against them arising out
of their services to the corporation. 
  
 3. The Indemnitee does
not regard the indemnities available under the Company’s current memorandum of association and Bye-Laws (the “Bye-Laws”) as adequate to protect him against the risks associated with his service to the Company. 
  
 4. The Company is willing to indemnify Indemnitee to the fullest extent
permitted by applicable law, and Indemnitee is willing to serve and continue to serve the Company on the condition that he be so indemnified. 
  
 AGREEMENT 
  
 In consideration of the premises and the covenants contained herein, the Company and Indemnitee do hereby covenant and agree as follows: 
  
 A. DEFINITIONS 
  
 The following terms shall have the meanings defined below: 
  
 Expenses shall include damages, judgments, fines, penalties, settlements and costs, attorneys’ fees and
disbursements and costs of attachment or similar bond, investigations, and any expenses paid or incurred in connection with investigating, defending, being a witness in, participating in (including on appeal), or preparing for any of the foregoing
in, any Proceeding. 
  
 Indemnifiable Event means any event
or occurrence that takes place either before or after the execution of this Agreement, related to the fact that Indemnitee is or was a director of the Company or an officer of the Company or any of its subsidiaries, or is or was serving at the
request of the Company as a director or officer of another corporation, partnership, joint venture or other entity, or related to anything done or not done by Indemnitee in any such capacity. 

 Participant means a person who is a party to, or witness or participant (including on appeal) in,
a Proceeding. 
  
 Proceeding means any threatened, pending,
or completed action, suit or proceeding, or any inquiry, hearing or investigation, whether civil, criminal, administrative, investigative or other, including appeal, in which Indemnitee may be or may have been involved as a party or otherwise by
reason of an Indemnifiable Event, including, without limitation, any threatened, pending, or completed action, suit or proceeding by or in the right of the Company. 
  
 B. AGREEMENT TO INDEMNIFY 
  
 1. General Agreement. In the event Indemnitee was, is, or becomes a Participant in, or is threatened to be made a Participant in, a Proceeding, the
Company shall indemnify the Indemnitee from and against any and all Expenses which Indemnitee incurs or becomes obligated to incur in connection with such Proceeding, to the fullest extent permitted by applicable law. 
  
 2. Indemnification of Expenses of Successful Party. Notwithstanding
any other provision of this Agreement, to the extent that Indemnitee has been successful on the merits in defense of any Proceeding or in defense of any claim, issue or matter in such Proceeding, Indemnitee shall be indemnified against all Expenses
incurred in connection with such Proceeding or such claim, issue or matter, as the case may be, offset by the amount of cash, if any, received by the Indemnitee resulting from his/her success therein. 
  
 3. Partial Indemnification. If Indemnitee is entitled under any
provision of this Agreement to indemnification by the Company for a portion of Expenses, but not for the total amount of Expenses, the Company shall indemnify the Indemnitee for the portion of such Expenses to which Indemnitee is entitled.

  
 4. Exclusions. Notwithstanding anything in this
Agreement to the contrary, Indemnitee shall not be entitled to indemnification under this Agreement: 
  
 (a) to the extent that payment is actually made to Indemnitee under a valid, enforceable and collectible insurance policy; 
  
 (b) to the extent that Indemnitee is indemnified and actually paid other than
pursuant to this Agreement; 
  
 (c) in connection with a judicial
action by or in the right of the Company, in respect of any claim, issue or matter as to which the Indemnitee shall have been adjudicated by final judgment in a court of law to be liable for gross negligence or misconduct in the performance of his
duty to the Company unless and only to the extent that any court in which such action was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, the Indemnitee is fairly
and reasonably entitled to indemnity for such Expenses as such court shall deem proper; 
  

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 (d) in connection with any Proceeding initiated by Indemnitee against the Company, any director or
officer of the Company or any other party, and not by way of defense, unless (i) the Company has joined in or the Reviewing Party (as hereinafter defined) has consented to the initiation of such Proceeding; or (ii) the Proceeding is one to enforce
indemnification rights under this Agreement or any applicable law; 
  
 (e) for a disgorgement of profits made from the purchase and sale by the Indemnitee of securities pursuant to Section 16(b) of the Exchange Act or similar provisions of any applicable U.S. state statutory law or common law; 
  
 (f) brought about by the dishonesty or fraud of the Indemnitee seeking
payment hereunder; provided, however, that the Indemnitee shall be protected under this Agreement as to any claims upon which suit may be brought against him by reason of any alleged dishonesty on his part, unless a judgment or other final
adjudication thereof adverse to the Indemnitee establishes that he committed (i) acts of active and deliberate dishonesty, (ii) with actual dishonest purpose and intent, and (iii) which acts were material to the cause of action so adjudicated;

  
 (g) for any judgment, fine or penalty which the Company is
prohibited by applicable law from paying as indemnity; 
  
 (h)
arising out of Indemnitee’s personal tax matter; or 
  
 (i)
arising out of Indemnitee’s breach of an employment agreement with the Company (if any) or any other agreement with the Company or any of its subsidiaries. 
  

5. No Employment Rights. Nothing in this Agreement is intended to create in Indemnitee any right to continued employment with the Company.

  
 6. Contribution. If the indemnification provided in
this Agreement is unavailable and may not be paid to Indemnitee for any reason other than those set forth in Section 4, then the Company shall contribute to the amount of Expenses paid in settlement actually and reasonably incurred and paid or
payable by Indemnitee in such proportion as is appropriate to reflect (i) the relative benefits received by the Company on the one hand and by the Indemnitee on the other hand from the transaction from which such Proceeding arose, and (ii) the
relative fault of the Company on the one hand and of the Indemnitee on the other hand in connection with the events which resulted in such Expenses, as well as any other relevant equitable considerations. The relative fault of the Company on the one
hand and of the Indemnitee on the other hand shall be determined by reference to, among other things, the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent the circumstances resulting in such
Expenses, judgments, fines or settlement amounts. The Company agrees that it would not be just and equitable if contribution pursuant to this Section 6 were determined by pro rata allocation or any other method of allocation which does not take
account of the foregoing equitable considerations. 
  
 C. INDEMNIFICATION PROCESS

  
 1. Notice and Cooperation By Indemnitee. Indemnitee
shall, as a condition precedent to his right to be indemnified under this Agreement, give the Company notice in writing as soon as practicable of any claim made against Indemnitee for which 
  

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 indemnification will or could be sought under this Agreement. Notice to the Company shall be given in accordance with
Section F.7 below. In addition, Indemnitee shall give the Company such information and cooperation as the Company may reasonably request. 
  
 2. Indemnification Payment. 
  
 (a) Advancement of Expenses. Indemnitee may submit a written request with reasonable particulars to the Company requesting that the Company advance
to Indemnitee all Expenses that may be reasonably incurred in advance by Indemnitee in connection with a Proceeding. The Company shall, within ten (10) business days of receiving such a written request by Indemnitee, advance all requested Expenses
to Indemnitee. Any excess of the advanced Expenses over the actual Expenses will be repaid to the Company. 
  
 (b) Reimbursement of Expenses. To the extent Indemnitee has not requested any advanced payment of Expenses from the Company, Indemnitee shall be
entitled to receive reimbursement for the Expenses incurred in connection with a Proceeding from the Company as soon as practicable after Indemnitee makes a written request to the Company for reimbursement. 
  
 (c) Determination by the Reviewing Party. Notwithstanding anything
foregoing to the contrary, in the event the Reviewing Party informs the Company that Indemnitee is not entitled to indemnification in connection with a Proceeding under this Agreement or applicable law, the Company shall be entitled to be reimbursed
by Indemnitee for all the Expenses previously advanced or otherwise paid to Indemnitee in connection with such Proceeding; provided, however, that Indemnitee may bring a suit to enforce his indemnification right in accordance with
Section C.3 below. 
  
 3. Suit to Enforce Rights.
Regardless of any action by the Reviewing Party, if Indemnitee has not received full indemnification within 30 days after making a written demand in accordance with Section C.2 above, Indemnitee shall have the right to enforce its indemnification
rights under this Agreement by commencing litigation in any court of competent jurisdiction seeking a determination by the court or challenging any determination by the Reviewing Party or any breach in any aspect of this Agreement. Any determination
by the Reviewing Party not challenged by Indemnitee and any judgment entered by the court shall be binding on the Company and Indemnitee. 
  
 4. Assumption of Defense. In the event the Company is obligated under this Agreement to advance or bear any Expenses for any Proceeding against
Indemnitee, the Company shall be entitled to assume the defense of such Proceeding, with counsel approved by Indemnitee, upon delivery to Indemnitee of written notice of its election to do so. After delivery of such notice, approval of such counsel
by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently incurred by Indemnitee with respect to the same Proceeding, unless (i) the
employment of counsel by Indemnitee has been previously authorized by the Company, (ii) Indemnitee shall have reasonably concluded, based on written advice of counsel, that there may be a conflict of interest of such counsel retained by the Company
between the Company and Indemnitee in the conduct of any such defense, or (iii) the Company ceases or terminates the employment of such counsel with respect to the defense of such Proceeding, in any of which events the fees and expenses of
Indemnitee’s counsel shall be at the expense of the Company. At all times, Indemnitee shall have the right to employ counsel in any Proceeding at Indemnitee’s expense. 
  

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 5. Defense to Indemnification, Burden of Proof and Presumptions. It shall be a defense to any
action brought by Indemnitee against the Company to enforce this Agreement that it is not permissible under this Agreement or applicable law for the Company to indemnify the Indemnitee for the amount claimed. In connection with any such action or
any determination by the Reviewing Party or otherwise as to whether Indemnitee is entitled to be indemnified under this Agreement, the burden of proving such a defense or determination shall be on the Company. Neither the failure of the Reviewing
Party or the Company to have made a determination prior to the commencement of such action by Indemnitee that indemnification is proper under the circumstances because Indemnitee has met the standard of conduct set forth in applicable law, nor an
actual determination by the Reviewing Party or the Company that Indemnitee had not met such applicable standard of conduct shall be a defense to the action or create a presumption that Indemnitee has not met the applicable standard of conduct.

  
 6. No Settlement Without Consent. Neither party to this
Agreement shall settle any Proceeding in any manner that would impose any damage, loss, penalty or limitation on Indemnitee without the other party’s written consent. Neither the Company nor Indemnitee shall unreasonably withhold its consent to
any proposed settlement. 
  
 7. Company Participation.
Subject to Section B.6, the Company shall not be liable to indemnify the Indemnitee under this Agreement with regard to any judicial action if the Company was not given a reasonable and timely opportunity, at its expense, to participate in the
defense, conduct and/or settlement of such action. 
  
 8.
Reviewing Party. 
  
 (a) For purposes of this Agreement,
the Reviewing Party with respect to each indemnification request of Indemnitee shall be (A) the Board of Directors by a majority vote of a quorum consisting of Disinterested Directors (as hereinafter defined), or (B) if a quorum of the Board of
Directors consisting of Disinterested Directors is not obtainable or, even if obtainable, said Disinterested Directors so direct, Independent Counsel in a written opinion to the Board of Directors, a copy of which shall be delivered to Indemnitee;
and, if it is determined that Indemnitee is entitled to indemnification, payment to Indemnitee shall be made within ten (10) days after such determination. Indemnitee shall cooperate with the person, persons or entity making such determination with
respect to Indemnitee’s entitlement to indemnification, including providing to such person, persons or entity upon reasonable advance request any documentation or information which is not privileged or otherwise protected from disclosure and
which is reasonably available to Indemnitee and reasonably necessary to such determination. Any Independent Counsel or member of the Board of Directors shall act reasonably and in good faith in making a determination under this Agreement of the
Indemnitee’s entitlement to indemnification. Any reasonable costs or expenses (including reasonable attorneys’ fees and disbursements) incurred by Indemnitee in so cooperating with the person, persons or entity making such determination
shall be borne by the Company (irrespective of the determination as to Indemnitee’s entitlement to indemnification) and the Company hereby indemnifies and agrees to hold Indemnitee harmless therefrom to the extent as aforesaid.
“Disinterested Director” means a director of the Company who is not and was not a party to the Proceeding in respect of which indemnification is sought by Indemnitee. 
  

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 (b) If the determination of entitlement to indemnification is to be made by Independent Counsel, the
Independent Counsel shall be selected as provided in this Section 8(b). The Independent Counsel shall be selected by Indemnitee (unless Indemnitee shall request that such selection be made by the Board of Directors, in which event the Board of
Directors by a majority vote of a quorum consisting of Disinterested Directors shall select), and Indemnitee shall give written notice to the Company advising it of the identity of the Independent Counsel so selected. In either event, Indemnitee or
the Company, as the case may be, may, within 10 days after such written notice of selection shall have been given, deliver to the Company or to Indemnitee, as the case may be, a written objection to such selection; provided, however,
that such objection may be asserted only on the ground that the Independent Counsel so selected does not meet the requirements of “Independent Counsel” as defined in Section 8(d) of this Agreement, and the objection shall set forth
with particularity the factual basis of such assertion. Absent a proper and timely objection, the person so selected shall act as Independent Counsel. If a written objection is made and substantiated, the Independent Counsel selected may not serve
as Independent Counsel unless and until such objection is withdrawn or a court has determined that such objection is without merit. If the determination of entitlement to indemnification is to be made by Independent Counsel, but within 20 days after
submission by Indemnitee of a written request for indemnification, no Independent Counsel shall have been selected and not objected to, then the Board of Directors by a majority vote shall select the Independent Counsel. The Company shall pay any
and all reasonable fees and expenses of Independent Counsel incurred by such Independent Counsel in connection with acting under this Agreement, and the Company shall pay all reasonable fees and expenses incident to the procedures of this Section
8(b), regardless of the manner in which such Independent Counsel was selected or appointed. 
  
 (c) In making a determination with respect to entitlement to indemnification hereunder, the Reviewing Party shall presume that Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted
a request for indemnification in accordance with this Agreement, and the Company shall have the burden of proof to overcome that presumption in connection with the making by any person, persons or entity of any determination contrary to that
presumption. The termination of any Proceeding or of any claim, issue or matter therein, by judgment, order, settlement (with or without court approval), conviction, or upon a plea of nolo contendere or its equivalent, shall not (except as
otherwise expressly provided in this Agreement) of itself adversely affect the right of Indemnitee to indemnification or create a presumption that Indemnitee did not act in good faith and in a manner which he reasonably believed to be in or not
opposed to the best interests of the Company or, with respect to any criminal Proceeding, that Indemnitee had reasonable cause to believe that his conduct was unlawful. For purposes of any determination of good faith, Indemnitee shall be deemed to
have acted in good faith if Indemnitee’s action is based on the records or books of account of the Company and any other corporation, partnership, joint venture or other entity of which Indemnitee is or was serving at the written request of the
Company as a director, officer, employee, agent or fiduciary, including financial statements, or on information supplied to Indemnitee by the officers and directors of the Company or such other corporation, partnership, joint venture or other entity
in the course of their duties, or on the advice of legal counsel for the Company or such other corporation, partnership, joint venture or other entity or on information or records given or reports made to the Company or such other corporation,
partnership, joint venture or 

  

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other entity by an independent certified public accountant or by an appraiser or other expert selected with reasonable care by the Company or such other
corporation, partnership, joint venture or other entity. In addition, the knowledge and/or actions, or failure to act, of any director, officer, agent or employee of the Company or such other corporation, partnership, joint venture or 
 other entity shall not be imputed to Indemnitee for purposes of determining the right to indemnification under this Agreement. The provisions of this Section 8(c) shall
not be deemed to be exclusive or to limit in any way the other circumstances in which the Indemnitee may be deemed to have met the applicable standard of conduct set forth in this Agreement. 
  
 (d) “Independent Counsel” means a law firm, or a member of a
law firm, that is experienced in matters of corporation law and neither presently is, nor in the past five (5) years has been, retained to represent (i) the Company or Indemnitee in any matter material to either such party (other than with respect
to matters concerning the Indemnitee under this Agreement, or of other indemnitees under similar indemnification agreements), or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the
foregoing, the term “Independent Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an
action to determine Indemnitee’s rights under this Agreement. The Company agrees to pay the reasonable fees of the Independent Counsel referred to above. 
  

D. DIRECTOR AND OFFICER LIABILITY INSURANCE 
  
 1. Good Faith Determination. The Company shall from time to time make the good faith determination whether or not it is practicable for the Company
to obtain and maintain a policy or policies of insurance with reputable insurance companies providing the officers and directors of the Company with coverage for losses incurred in connection with their services to the Company or to ensure the
Company’s performance of its indemnification obligations under this Agreement. 
  
 2. Coverage of Indemnitee. To the extent the Company maintains an insurance policy or policies providing directors’ and officers’ liability insurance, Indemnitee shall be covered by such policy or
policies, in accordance with its or their terms, to the maximum extent of the coverage available for any of the Company’s directors or officers. 
  
 3. No Obligation. Notwithstanding the foregoing, the Company shall have no obligation to obtain or maintain any director and officer insurance
policy if the Company determines in good faith that such insurance is not reasonably available in the case that (i) premium costs for such insurance are disproportionate to the amount of coverage provided, (ii) the coverage provided by such
insurance is limited by exclusions so as to provide an insufficient benefit, or (iii) Indemnitee is covered by similar insurance maintained by a parent or subsidiary of the Company. 
  
 E. NON-EXCLUSIVITY; FEDERAL PREEMPTION; TERM 
  
 1. Non-Exclusivity. The indemnification provided by this Agreement shall not be deemed exclusive of any rights to which Indemnitee may be entitled
under the Bye-Laws, applicable law or any written agreement between Indemnitee and the Company (including its subsidiaries and affiliates). The indemnification provided under this Agreement shall 
  

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 continue to be available to Indemnitee for any action taken or not taken while serving in an indemnified capacity even
though he may have ceased to serve in any such capacity at the time of any Proceeding. 
  
 2. Federal Preemption. Notwithstanding the foregoing, both the Company and Indemnitee acknowledge that in certain instances, U.S. federal law or public policy may override applicable law and prohibit the
Company from indemnifying its directors and officers under this Agreement or otherwise. Such instances include, but are not limited to, the U.S. Securities and Exchange Commission’s prohibition on indemnification for liabilities arising under
certain U.S. federal securities laws. Indemnitee understands and acknowledges that the Company has undertaken or may be required in the future to undertake with the SEC to submit the question of indemnification to a court in certain circumstances
for a determination of the Company’s right under public policy to indemnify Indemnitee. 
  
 3. Duration of Agreement. All agreements and obligations of the Company contained herein shall continue during the period Indemnitee is an officer and/or a director of the Company (or is or was serving at the
request of the Company as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise) and shall continue thereafter so long as Indemnitee shall be subject to any Proceeding by reason of his
former or current capacity at the Company or any other enterprise at the Company’s request, whether or not he is acting or serving in any such capacity at the time any Expense is incurred for which indemnification can be provided under this
Agreement. This Agreement shall continue in effect regardless of whether Indemnitee continues to serve as an officer and/or a director of the Company or any other enterprise at the Company’s request. 
  
 F. MISCELLANEOUS 
  
 1. Amendment of this Agreement. No supplement, modification, or amendment of this Agreement shall be binding unless
executed in writing by the parties hereto. No waiver of any of the provisions of this Agreement shall operate as a waiver of any other provisions (whether or not similar), nor shall such waiver constitute a continuing waiver. Except as specifically
provided in this Agreement, no failure to exercise or any delay in exercising any right or remedy shall constitute a waiver. 
  
 2. Subrogation. In the event of payment to Indemnitee by the Company under this Agreement, the Company shall be subrogated to the extent of such
payment to all of the rights of recovery of Indemnitee, who shall execute all papers required and shall do everything that may be necessary to secure such rights, including the execution of such documents necessary to enable the Company to bring
suit to enforce such rights. 
  
 3. Assignment; Binding
Effect. Neither this Agreement nor any of the rights or obligations hereunder may be assigned by either party hereto without the prior written consent of the other party; except that the Company may, without such consent, assign all such rights
and obligations to a successor in interest to the Company which assumes all obligations of the Company under this Agreement. Notwithstanding the foregoing, this Agreement shall be binding upon and inure to the benefit of and be enforceable by and
against the parties hereto and the Company’s successors (including any direct or indirect successor by purchase, merger, consolidation, or otherwise to all or substantially all of the business and/or assets of the Company) and assigns, as well
as Indemnitee’s spouses, heirs, and personal and legal representatives. 
  

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 4. Severability and Construction. Nothing in this Agreement is intended to require or shall be
construed as requiring the Company to do or fail to do any act in violation of applicable law. The Company’s inability, pursuant to a court order, to perform its obligations under this Agreement shall not constitute a breach of this Agreement.
In addition, if any portion of this Agreement shall be held by a court of competent jurisdiction to be invalid, void, or otherwise unenforceable, the remaining provisions shall remain enforceable to the fullest extent permitted by applicable law.
The parties hereto acknowledge that they each have opportunities to have their respective counsels review this Agreement. Accordingly, this Agreement shall be deemed to be the product of both of the parties hereto, and no ambiguity shall be
construed in favor of or against either of the parties hereto. 
  
 5. Counterparts. This Agreement may be executed in two counterparts, both of which taken together shall constitute one instrument. 
  
 6. Governing Law. This agreement and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto shall be
governed, construed and interpreted in accordance with the laws of the State of New York, U.S.A., without giving effect to conflicts of law provisions thereof. 
  

7. Notices. All notices, demands, and other communications required or permitted under this Agreement shall be made in writing and shall be
deemed to have been duly given if delivered by hand, against receipt, or mailed, postage prepaid, certified or registered mail, return receipt requested, and addressed to the Company at: 
  
 A-Max Technology Limited 
 10/F, A-Max Technology Tower 
 12-16 Fui Yiu Kok Street, Tsuen Wan 
 New Territories, Hong Kong 
  
 Attention: Diana Chan 
  
 and to Indemnitee at his or her address last known to the Company. 
  
 8. Entire Agreement. This Agreement constitutes the entire agreement and supersedes all prior agreements and
understandings, both written and oral, between the parties with respect to the subject matter hereof. 
  
 (Signature page follows) 
  
  

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 IN WITNESS WHEREOF, the parties hereto execute this Agreement as of the date first written above. 
  
 COMPANY 
  
 A-Max Technology Limited 
  

	
	
	  
	 Name:

	 Title:

	
	INDEMNITEE
	
	  
	 Name:Form of Employment Agreement between the Registrant and Senior Executive Officer

 Exhibit 10.3 
  
 EMPLOYMENT AGREEMENT 
  
 EMPLOYMENT AGREEMENT (this “Agreement”), effective as of [            ] (the
“Effective Date”), by and between A-Max Technology Limited, a company organized and existing under the laws of Bermuda (the “Company”), and [            ]
(“Executive”). 
  
 WHEREAS, the Company desires to
continue to employ Executive and to enter into an agreement embodying the terms of such employment and considers it essential to its best interests and the best interests of its stockholders to foster the employment of Executive by the Company
during the term of this Agreement; 
  
 WHEREAS, Executive desires
to accept such continued employment with and participation in the ownership of the Company and to enter into this Agreement; and 
  
 WHEREAS, Executive is willing to accept continued employment on the terms hereinafter set forth in this Agreement. 
  
 NOW, THEREFORE, in consideration of the premises and mutual covenants herein
and for other good and valuable consideration, the parties hereby agree as follows: 
  
 1. Term of Employment. Subject to the provisions of Section 10 of the Agreement, this Agreement shall be effective for a period commencing on the Effective Date and ending on the day immediately preceding the
third anniversary of the Effective Date (the “Initial Term”); provided, however, that such term shall be automatically extended for successive twelve (12) month periods unless, no later than 60 days prior to the expiration of
the Initial Term or any extension thereof, either party hereto shall provide written notice to the other party hereto of its or her desire not to extend the term hereof (the Initial Term together with any extension shall be referred to hereinafter
as the “Employment Term”). 
  
 2. Position.

  
 (a) Executive shall serve as the
[            ] of the Company. In such position, Executive shall have such duties and authority as shall be determined from time to time by the Board of Directors of the Company (the
“Board”). Executive shall report to the Board. 
  
 (b)
During the Employment Term, Executive will devote her business time and best efforts to the performance of her duties hereunder and will not engage in any other business, profession or occupation for compensation or otherwise which would conflict
with the rendition of such services either directly or indirectly, without the prior written consent of the Board. 
  
 (c) The Executive shall also be or act as the [            ] of A-Max Technology Co., Ltd.,
or such other managerial position or positions with the Company or any of its subsidiaries or affiliated companies as shall hereafter be designated by the Board without additional or further remuneration or compensation, and unless otherwise
determined by the Board, shall have such authority and powers commensurate with her position(s). 

 3. Base Salary. During the Employment Term, the Company shall pay Executive a base salary (the
“Base Salary”) at the monthly rate of [            ] payable in regular installments in accordance with the Company’s usual payroll practices. Upon successful completion of
an initial public offering, the Base Salary will be increased to a monthly rate of [            ] payable in regular installments in accordance with the Company’s usual payroll
practices. The Board may from time to time review and increase Executive’s Base Salary in its sole discretion, or it may decrease such Base Salary, but only to conform with an across-the-board decrease affecting all of the Company’s senior
officers. 
  
 4. Bonus. Executive shall be afforded the
opportunity to earn a cash bonus in respect of each calendar year ending during the Employment Term, the amount of which, if any, shall be determined by the Board in its sole discretion (each year’s award granted pursuant to this Section 4
shall hereinafter be referred to as the “Bonus”). 
  
 5.
Equity. Upon the consummation of, or as soon as reasonably practicable after the consummation of, the initial public offering of ordinary shares or ADS’s representing ordinary shares of the Company pursuant to the United States
Securities Act of 1933, as amended (the “IPO”), Executive shall be granted the number of restricted ordinary shares of the Company equal to the product of (a) [        ]% multiplied by (b) the total
shares approved by the Board and granted for the period, pursuant to the shares based compensation plan. Such restricted ordinary shares shall be granted pursuant to the shares based compensation plan of the Company approved by the Board and such
additional agreements entered into by the Company and Executive in connection therewith. Executive may be granted additional equity in the Company on terms and at a time determined at the sole discretion of the Board. 
  
 6. Employee Benefits. During the Employment Term, Executive shall be
provided with benefits on the same basis as benefits are generally made available to other senior executives of the Company. The Company shall pay the reasonable cost of membership for the Executive, her spouse and dependent children not greater
than twenty-one (21) years of age, for a private patient medical plan, with a reputable medical expense insurance scheme as the Company shall decide from time to time. 
  
 7. Holiday. Executive shall be entitled to twenty-five (25) days annual paid holiday, at times convenient to the
Company. Any entitlement to holiday remaining at the end of the calendar year may be carried forward to the next calendar year, but no further. The entitlement to holiday (and on termination of employment to holiday pay in lieu of holiday) accrues
pro rata on a monthly basis throughout the calendar year. 
  
 8.
Sickness or Injury The Executive shall be paid in full during any period of absence from work due to sickness or injury, not to exceed thirty (30) days in any twelve (12) month period, provided that the Executive must submit satisfactory
evidence of the sickness or injury from a qualified medical practitioner with respect to any period of absence in excess of fourteen (14) days. The Executive’s Base Salary during any period of absence due to sickness or injury shall be
inclusive of any sickness allowance or other amount to which the Executive is entitled to from the Company. 
  

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 9. Business Expenses. During the Employment Term, reasonable business expenses incurred by
Executive in the performance of her duties hereunder shall be reimbursed by the Company in accordance with Company policies. 
  
 10. Termination. Notwithstanding any other provision of the Agreement: 
  
 (a) For Cause by the Company. The Employment Term, and Executive’s employment hereunder, may be terminated at
any time by the Company for “Cause” upon delivery of a “Notice of Termination” (as defined in Section 10(e)) by the Company to Executive. For purposes of this Agreement, “Cause” shall mean, in each case, as reasonably
determined by the Board: (i) conviction of, or entry of a pleading of guilty or no contest by, Executive with respect to a felony or any lesser crime of which fraud or dishonesty is a material element; (ii) Executive’s willful dishonesty
towards the Company; (iii) Executive’s continued failure to perform substantially all of her duties with the Company, or a failure to follow the lawful direction of the Board after the Board delivers a written demand for substantial performance
and Executive neglects to cure such a failure to the reasonable satisfaction of the Board within 15 days; (iv) Executive’s material, knowing and intentional failure to comply with applicable laws with respect to the execution of the
Company’s business operations or her material breach of this Agreement; (v) Executive’s theft, fraud, embezzlement, dishonesty or similar conduct which has resulted or is likely to result in material damage to the Company or any of its
affiliates or subsidiaries; or (vi) Executive’s habitual intoxication or continued abuse of illegal drugs which materially interferes with Executive’s ability to perform her assigned duties and responsibilities. 
  
 If Executive is terminated for Cause pursuant to this Section 10(a), he
shall be entitled to receive only her Base Salary through the date of termination and he shall have no further rights to any compensation (including any Base Salary or Bonus) or any other benefits under this Agreement. All other benefits, if any,
due Executive following Executive’s termination of employment for Cause pursuant to this Section 10(a) shall be determined in accordance with the plans, policies and practices of the Company; provided, however, that Executive
shall not participate in any severance plan, policy or program of the Company. 
  
 (b) Disability or Death. The Employment Term, and Executive’s employment hereunder, shall terminate immediately upon her death or following delivery of a Notice of Termination by the Company to Executive
if Executive becomes physically or mentally incapacitated and is therefore unable for a period of [ninety (90)] consecutive days or [one-hundred twenty (120)] days during any consecutive [six (6) month] period to perform her duties with
substantially the same level of quality as immediately prior to such incapacity (such incapacity is hereinafter referred to as “Disability”). Upon termination of Executive’s employment hereunder for either Disability or death,
Executive or Executive’s estate (as the case may be) shall be entitled to receive her Base Salary through the date of termination and any earned but unpaid Bonus for any calendar year preceding the year in which the termination occurs.
Executive or Executive’s estate (as the case may be) shall have no further rights to any compensation (including any Base Salary or Bonus) or any other benefits under this Agreement. All other benefits, if any, due Executive following
Executive’s termination for Disability or death shall be determined in accordance with the plans, policies and practices of the Company; provided, however, that Executive (or her estate, as the case may be) shall not participate
in any severance plan, policy or program of the Company. 
  

 3 

 (c) Without Cause by the Company. The Employment Term, and Executive’s employment hereunder,
may be terminated by the Company without Cause (other than by reason of Executive’s death or disability) following the delivery of a Notice of Termination to Executive. If Executive’s employment is terminated by the Company without Cause
(other than by reason of Disability or death), Executive shall receive, within 30 days following termination, a lump sum payment of (i) any earned but unpaid Base Salary through the date of termination, and (ii) any earned but unpaid Bonus for any
calendar year preceding the year in which the termination occurs. In addition, subject to Executive’s Compliance with Sections 11, 12, and 13 below, Executive shall receive continued payments of the Base Salary for six (6) months following
termination. Executive shall have no further rights to any compensation (including any Base Salary or Bonus) or any other benefits under this Agreement. All other benefits, if any, due to Executive following a termination pursuant to this Section
10(c) shall be determined in accordance with the plans, policies and practices of the Company; provided, however, that Executive shall not participate in any severance plan, policy or program of the Company. 
  
 (d) Termination by Executive. The Employment Term, and
Executive’s employment hereunder, may be terminated by Executive following the delivery of a Notice of Termination to the Company. Upon a termination by Executive pursuant to this Section 10(d), Executive shall be entitled to her Base Salary
through the date of such termination and he shall have no further rights to any compensation (including any Base Salary or Bonus) or any other benefits under this Agreement. All other benefits, if any, due Executive following termination pursuant to
this Section 10(d) shall be determined in accordance with the plans, policies and practices of the Company; provided, however, that Executive shall not participate in any severance plan, policy or program of the Company. 
  
 (e) Notice of Termination. Any purported termination of employment by
the Company or Executive shall be communicated by a written Notice of Termination to Executive or the Company, respectively, delivered in accordance with Section 15(g) hereof. For purposes of this Agreement, a “Notice of Termination” shall
mean a notice which shall indicate the specific termination provision in the Agreement relied upon, the date of termination, and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of
employment under the provision so indicated. The date of termination of Executive’s employment shall be the date so stated in the Notice of Termination, which date shall be no less than 30 days (90 days in the case of a termination by
Executive) following the delivery of a Notice of Termination; provided, however, that in the case of a termination for Cause by the Company, the date of termination shall be the date the Notice of Termination is delivered in accordance
with Section 15(g). 
  

 4 

 11. Non-Competition/Non-Solicitation/Related Business. 
  
 (a) Executive acknowledges and recognizes the highly competitive nature of
the businesses of the Company and its subsidiaries and affiliates collectively the (“A-Max Group”) and accordingly agrees as follows: 
  
 (i) During the Employment Term and for a period of two years following the earlier of (A) the expiration of the Employment Term and (B) the date
Executive ceases to be employed by the A-Max Group (the “Restricted Period”), Executive will not directly or indirectly, (w) engage in any business for Executive’s own account that competes with the business of the A-Max Group in any
geographical area in which the A-Max Group does business, (x) enter the employ of, or render any services to, any person engaged in any business that competes with the business of the A-Max Group in any geographical area in which the A-Max Group
does business, (y) acquire a financial interest in, or otherwise become actively involved with, any person engaged in any business that competes with the business of the A-Max Group in any geographical area in which the A-Max Group does business,
directly or indirectly, as an individual, partner, shareholder, officer, director, principal, agent, trustee or consultant, or (z) interfere with business relationships (whether formed before or after the Effective Date) between the A-Max Group and
customers or suppliers of, or consultants to, the A-Max Group. 
  
 (ii) Notwithstanding anything to the contrary in the Agreement, Executive may, directly or indirectly own, solely as an investment, securities of any person that is not engaged in the business of the A-Max Group which are publicly traded on
a national or regional stock exchange or on the over-the-counter market if Executive (A) is not a controlling person of, or a member of a group which controls, such person and (B) does not, directly or indirectly, own 1% or more of any class of
securities of such person. 
  
 (iii) During the Restricted
Period, Executive will not, directly or indirectly, solicit or encourage to cease to work with the A-Max Group, or directly or indirectly hire, any person who is an employee of or consultant then under contract with any member of the A-Max Group or
who was an employee of or consultant then under contract with the A-Max Group within the six month period preceding such activity without the A-Max Group’s written consent. 
  
 (b) It is expressly understood and agreed that although Executive and the A-Max Group consider the restrictions contained
in this Section 11 to be reasonable, if a judicial determination is made by a court of competent jurisdiction that the time or territory or any other restriction contained in the Agreement is an unenforceable restriction against Executive, the
provisions of the Agreement shall not be rendered void but shall be deemed amended to apply as to such maximum time and territory and to such maximum extent as such court may judicially determine or indicate to be enforceable. Alternatively, if any
court of competent jurisdiction finds that any restriction contained in this Agreement is unenforceable, and such restriction cannot be amended so as to make it enforceable, such finding shall not affect the enforceability of any of the other
restrictions contained herein. 
  

 5 

 (c) Attached hereto as Exhibit B is a list of all businesses in which Executive has an equity or debt
interest on the Effective Date, and the relationships between such businesses and the A-Max Group. Executive shall update such list whenever he acquires or disposes of any such interest. 
  
 (d) The Company and A-Max Technology Co. Ltd. will be the exclusive vehicles to hold all of Executive’s portable
digital audio and consumer electronics products businesses. Any opportunities presented to Executive in the nature of portable digital audio or consumer electronics products must be offered to the Company, and not to any other affiliate or
subsidiary of the Company, without the prior consent of the Board. 
  
 12. Nondisparagement. Executive agrees (whether during or after Executive’s employment with the Company) not to issue, circulate, publish or utter any false or disparaging statements, remarks or rumors about the Company or its
affiliates or the officers, directors, managers or shareholders of the Company or its affiliates unless giving truthful testimony under subpoena. 
  
 13. Confidentiality. Executive shall not, without the prior written consent of the A-Max Group, use, divulge, disclose or make accessible to any
other person, firm, partnership, corporation or other entity, any “Confidential Information” (as defined below) except while employed by the A-Max Group, in furtherance of the business of and for the benefit of the A-Max Group, or any
“Personal Information” (as defined below); provided that Executive may disclose such information when required to do so by a court of competent jurisdiction, by any governmental agency having supervisory authority over the business
of the A-Max Group, or by any administrative body or legislative body (including a committee thereof) with jurisdiction to order Executive to divulge, disclose or make accessible such information; provided, further, that in the event
that Executive is ordered by a court or other government agency to disclose any Confidential Information or Personal Information, Executive shall (i) promptly notify the Company of such order, (ii) at the written request of the Company, diligently
contest such order at the sole expense of the Company as expenses occur, and (iii) at the written request of the Company, seek to obtain, at the sole expense of the Company, such confidential treatment as may be available under applicable laws for
any information disclosed under such order. For purposes of this Section 13, (i) “Confidential Information” shall mean non-public information concerning the financial data, strategic business plans, product development (or other
proprietary product data), customer lists, marketing plans and other non-public, proprietary and confidential information relating to the business of the A-Max Group or its customers, that, in any case, is not otherwise available to the public
(other than by Executive’s breach of the terms hereof) and (ii) “Personal Information” shall mean any information concerning the personal, social or business activities of the officers, directors, principals, shareholders, agents and
employees of any member of the A-Max Group . Upon termination of Executive’s employment with the Company, Executive shall return all Company property, including, without limitation, files, records, disks and any media containing Confidential
Information or Personal Information. 
  

 6 

 14. Personal Data. 
  
 (a) Executive agrees that her personal data may be used, held and/or stored (by whatever means) by the Company for the
purposes of: 
  
 (i) making disclosure as required by law or the
rules and regulation of any regulatory body, including, without limitation, the Inland Revenue Department, the Immigration Department, The Stock Exchange of Hong Kong and The Securities and Futures Commission of Hong Kong or their equivalents in any
jurisdiction; 
  
 (ii) promotion and marketing of the A-Max
Group; 
  
 (iii) compiling statistical information, employee and
shareholder profiles; 
  
 (iv) maintaining and updating the
register of members of the Company and establishing benefit entitlements, such as dividends, rights issues and bonus issues; or 
  
 (v) any other incidental purpose which is reasonably necessary or desirable in connection with the business of the A-Max Group. 
  
 (b) Executive further agrees that data held by the Company relating to him
will generally be kept confidential but the A-Max Group may, to the extent necessary for achieving the purposes set out in Section 14(a) above or any of them, make such inquiries as it considers necessary to confirm the accuracy of the personal data
and in particular, it may disclose, obtain, transfer (whether within or outside Hong Kong) her personal data to, from or with any of the following persons or entities: 
  
 (i) any regulatory or government bodies; 
  
 (ii) any agents, contractors or third party service providers who offer administrative, telecommunications, computer or
other services in connection with the operation of the A-Max Group business; 
  
 (iii) any other persons or institutions with which the A-Max Group has dealings, including banks, solicitors, accountants, stock brokers or the principal and branch share registrar; or 
  
 (iv) any other persons the Board considers such disclosure, obtaining or
transfer to be necessary or desirable to achieve the purposes set out above. 
  

 7 

 15. Specific Performance. Executive acknowledges and agrees that the Company’s remedies at
law for a breach or threatened breach of any of the provisions of Sections 11, 12 or 13 herein would be inadequate and, in recognition of this fact, Executive agrees that, in the event of such a breach or threatened breach, in addition to any
remedies at law, the Company, without posting any bond, shall be entitled to obtain equitable relief in the form of specific performance, temporary restraining order, temporary or permanent injunction or any other equitable remedy which may then be
available. 
  
 16. Miscellaneous. 
  
 (a) Acceptance. Executive hereby represents that her performance and
execution of this Agreement does not and will not constitute a breach of any agreement or arrangement to which he is a party or is otherwise bound, including, without limitation, any noncompetition or employment agreement. Executive hereby
represents that he has provided the Company or its counsel with a copy of each and every material agreement between Executive and each and every former employer of Executive. 
  
 (b) Governing Law. This Agreement shall be governed by and construed in accordance with the laws of Hong Kong
without regard to its conflicts of laws provisions. 
  
 (c)
Entire Agreement/Amendments. This Agreement and the Proprietary Invention Assignment and Confidentiality Agreement between Executive and the Company dated as of June 17, 2005 (the “Confidentiality Agreement”) contain the entire
understanding of the parties with respect to the employment of Executive by the Company as of the Effective Date. There are no restrictions, agreements, promises, warranties, covenants or undertakings between the parties with respect to the subject
matter herein other than those expressly set forth herein or in the Confidentiality Agreement. This Agreement may not be altered, modified, or amended except by written instrument signed by the parties hereto. Sections 11, 12, 13, 14, 15 and 16
survive the termination of Executive’s employment with the Company, except as otherwise specifically stated therein. 
  
 (d) No Waiver. The failure of a party to insist upon strict adherence to any term of this Agreement on any occasion shall not be considered a
waiver of such party’s rights or deprive such party of the right thereafter to insist upon strict adherence to that term or any other term of this Agreement. 
  
 (e) Severability. In the event that any one or more of the provisions of this Agreement shall be or become invalid,
illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions of this Agreement shall not be affected thereby. 
  

(f) Assignment. Executive shall not have the right to assign her interest in this Agreement, any rights under this Agreement or any duties
imposed under this Agreement. This Agreement may be assigned by the Company to any member of the A-Max Group and any successor in interest to substantially all of the business operations of the Company. Such assignment shall become effective when
the Company notifies Executive of such assignment or at such later date as may be specified in such notice. Upon such assignment, the rights and obligations of the Company hereunder shall become the rights and obligations of such successor company,
provided that any assignee expressly assumes the obligations, rights and privileges of this Agreement. 
  

 8 

 (g) Notice. For the purpose of this Agreement, notices and all other communications provided for
in this Agreement shall be in writing and shall be deemed to have been duly given if delivered personally, if delivered by overnight courier service, or if sent by facsimile transmission, addressed to the respective addresses or sent via facsimile
to the respective facsimile numbers, as the case may be, as set forth below, or to such other address as either party may have furnished to the other in writing in accordance herewith, except that notice of change of address shall be effective only
upon receipt; provided, however, that (i) notices sent by personal delivery or overnight courier shall be deemed given when delivered and (ii) notices sent by facsimile transmission shall be deemed given upon the sender’s receipt
of confirmation of complete transmission. 
  

	
	If to Executive, to:
	
	 10/F, A-Max Technology Tower

	 12-16 Fui Yiu Kok Street

	 Tsuen Wan, New Terrorities

	 Hong Kong

	 Fax: (852) 2753-6226

	
	 or such other address as shall most currently appear on the records of the Company.

	
	If to the Company, to:
	
	 10/F, A-Max Technology Tower

	 12-16 Fui Yiu Kok Street

	 Tsuen Wan, New Terrorities

	 Hong Kong

	 Fax: (852) 2753-6226

	
	 Attn: Diana Chan

  
 (h) Withholding
Taxes. The Company may withhold from any amounts payable under this Agreement such taxes and other amounts as may be required to be withheld pursuant to any applicable law or regulation. 
  

 9 

 (i) Continuation of Employment. Unless the parties otherwise agree in writing, continuation of
Executive’s employment with the Company beyond the expiration of the Employment Term shall be deemed an employment “at will” and shall not be deemed to extend any of the provisions of this Agreement, and Executive’s employment
may thereafter be terminated at will by Executive or the Company. 
  
 (j) Counterparts. This Agreement may be signed in counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. 
  

 10 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and year first
above written. 
  

			
	EXECUTIVE
	
	  

	
	A-MAX TECHNOLOGY LIMITED
		
	By:	 	  

	Name:	 	 
	Title:	 	 

  

 11

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