SEC Contract Filing

Filing Date: 2024-07-16

Document Content:
<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>10
<FILENAME>ea020920901ex10-5_hanryuhold.htm
<DESCRIPTION>EMPLOYMENT AGREEMENT BY AND BETWEEN DAVID GREGG AND HANRYU BANK CO., LTD., DATED JANUARY 1, 2022
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.5</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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 <TD COLSPAN="18" STYLE="border: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; word-break: break-all"><FONT STYLE="font-family: Times New Roman, Times, Serif">Labor Contract</FONT></TD></TR>
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 <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; word-break: break-all"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;A&rdquo;</FONT></TD>
 <TD COLSPAN="5" STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; word-break: break-all"><FONT STYLE="font-family: Times New Roman, Times, Serif">HanRyuBank Co., Ltd.</FONT></TD>
 <TD COLSPAN="4" STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; word-break: break-all"><FONT STYLE="font-family: Times New Roman, Times, Serif">Address</FONT></TD>
 <TD COLSPAN="8" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Floors 2, 3, and 4 at Seoul Marina at 160 Yeouiseo&mdash;ro, Yeongdeungpo-gu, Seoul, Korea</FONT></TD></TR>
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 <TD ROWSPAN="2" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; word-break: break-all"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;B&rdquo;</FONT></TD>
 <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; word-break: break-all"><FONT STYLE="font-family: Times New Roman, Times, Serif">Name</FONT></TD>
 <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; word-break: break-all"><FONT STYLE="font-family: Times New Roman, Times, Serif">David Gregg</FONT></TD>
 <TD COLSPAN="9" STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; word-break: break-all"><FONT STYLE="font-family: Times New Roman, Times, Serif">Date of Birth</FONT></TD>
 <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; word-break: break-all"><FONT STYLE="font-family: Times New Roman, Times, Serif">September 09, 1962</FONT></TD></TR>
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 <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; word-break: break-all"><FONT STYLE="font-family: Times New Roman, Times, Serif">Address</FONT></TD>
 <TD COLSPAN="15" STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; word-break: break-all"><FONT STYLE="font-family: Times New Roman, Times, Serif">P.O. Box 3658 Palos Verdes Peninsula, California 90274 USA</FONT></TD></TR>
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 <TD COLSPAN="18" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; word-break: break-all"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;A&rdquo; and &ldquo;B&rdquo; have conclude the contract below and promise to sincerely perform it.</FONT></TD></TR>
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 <TD COLSPAN="2" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">Article
 1 (Labor&nbsp;Contact Period)</FONT></TD>
 <TD COLSPAN="16" STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The work contract of &ldquo;B&rdquo; shall not
 have a working contract period from January 1, 2022.</P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The salary contract period of &ldquo;B&rdquo;
 shall be from January 1, 2022 to December 31, 2023.</P></TD></TR>
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 <TD COLSPAN="2" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; word-break: break-all"><FONT STYLE="font-family: Times New Roman, Times, Serif">Article 2 (Probation Period)</FONT></TD>
 <TD COLSPAN="16" STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">1) The probationary period is three months and
 the same period is included in the longevity training.</P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">2) If &ld