Letter Agreement, dated July 19, 2019, by and between Cosmos Group Hldings, Inc. and Koon Wing Cheung

EX-10.8 15 cosmos_ex1008.htm LETTER AGREEMEN - KOON WING CHEUNG

Exhibit 10.8




July 19, 2019


Dear Mr. CHEUNG Koon Wing


Employment Agreement of YIP Tze Wai Albert


We refer to the Employment Agreement between Cosmos Group Holdings, Inc. (the “Company”) and YIP Tze Wai Albert (the “Executive”) dated July 19, 2019 (the “Agreement”).


This letter confirms the agreement between you as a shareholder of the Company and the Company, as follows:


You will transfer up to Two Million One Hundred Forty Nine Thousand Two Hundred Ninety Three (2,149,293) shares of the common stock of the Company (the “Shares”) at a price of US$8.99 per share, which is the fair market value of the common stock, to the Company, for the sole and exclusive purpose of immediately transferring the same to the Executive or his designated entity, namely Syndicate Capital (Asia) Limited (“SCAL”), for the purpose of fulfilling the Company’s obligations under the Agreement.


The Shares shall be subject to clawback in accordance with the terms of Sections 3 and 4 of the Agreement (the “Clawback”). Should the Clawback occurs, COSG shall transfer the shares being clawed back to you.





By: Miky Y.C. Wan

Its: Director





By: CHEUNG Koon Wing








Room 1705-06, 17th Floor, Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong

Tel: (852) 3643 1111 Fax: (852) 3643 1125