SEC Contract Filing

Filing Date: 2018-03-19

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>2
<FILENAME>abvn_ex103.htm
<DESCRIPTION>EMPLOYMENT AGREEMENT
<TEXT>
<html><head><title>ex10_3.htm</title><!--Document Created by EDGARMaster--></head><BODY spellcheck="true" style="text-align:justify;font:10pt TIMES NEW ROMAN;margin:0px 7%"><p style="MARGIN: 0px" align="right">&nbsp;</p>
<p style="MARGIN: 0px" align="right"><b>&nbsp;EXHIBIT 10.3</b></p>
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<p style="MARGIN: 0px"><b><u></u></b>&nbsp;</p>
<p style="MARGIN: 0px"><b><u>PRIVATE &amp; CONFIDENTIAL</u></b></p>
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<p style="MARGIN: 0px"><b>28th August 2017</b></p>
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<p style="MARGIN: 0px"><b>MR. WONG, Wai Lim&nbsp;</b><img src="doc1img7.jpg">&nbsp;<b>[HKID : K057502 (A)]</b></p></td></tr>
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<p style="MARGIN: 0px"><b><u>Present</u></b></p>
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<p style="MARGIN: 0px">Dear Mr. WONG, Wai Lim,</p>
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<p style="MARGIN: 0px" align="center"><b style="MARGIN: 0px"><u>Employment </u></b><b><u>Offer Letter</u></b></p>
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<p style="MARGIN: 0px" align="justify">We have pleasure in offering you a full-time employment with <b>ABV CONSULTING LIMITED </b>(the &#8220;Company&#8221;) as <b>Chief </b><b>Executive </b><b>Officer&nbsp;</b><font size="3"><img src="doc1img8.jpg">&nbsp;</font>effective from <b>1st </b><b>September, </b><b>2017</b><b>.</b><b> </b>The Terms and Conditions of your employment are as follows :</p>
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<td valign="top" width="4%"><b>1.</b></td>
<td valign="top"><b>Remuneration</b></td></tr></table>
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<p style="MARGIN: 0px">&nbsp;</p></td>
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<p style="MARGIN: 0px"><b>Monthly </b><b>Salary</b></p></td></tr>
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<td valign="top">Your monthly salary will be <b>HKD5,000.- </b>payable at each month end.</td></tr>
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<td valign="top">You will not be on a probation period.</td></tr></table>
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<p style="MARGIN: 0px"><b>Annual Bonus</b></p></td></tr>
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<td valign="top">Your annual bonus will be optional, payable at the end of each year, depending on the Company&#8217;s business results and your individual performance.</td></tr></table></p>
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<p style="MARGIN: 0px"><b>Entertainment </b><b>Allowance</b></p></td></tr>
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<td valign="top">You will be given entertainment allowance of maximum <b>HK$15,000.- </b>for each month, by actual claims, subject to the submission of reasonable expenses receipts and subsequent approval by the Company.</td></tr></table></p>
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<p style="MARGIN: 0px"><b>Commission</b></p></td></tr>
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<td valign="top">Your commission will be calculated according to the Company&#8217;s sales &amp; marketing incentive scheme subject to the Company&#8217;s business results and your individual performance, and it will be payable at the agreed timeframe as stipulated by the Company.</td></tr></table></p>
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<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right">Page 1 of 3</td></tr>
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<td>&nbsp;</td></tr></table></p>
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<td valign="top" width="4%"><b>2.</b></td>
<td valign="top"><b>Fringe Benefits</b></td></tr></table></p>
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