Summary of Oral Amendment to Employment Agreement between Taehoon Kim and Hanryu Bank Co., Ltd.
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Summary
Taehoon Kim and Hanryu Bank Co., Ltd. agreed that Mr. Kim will waive his compensation under his employment agreement until Hanryu Holdings, Inc. completes its Initial Public Offering. This oral amendment modifies the original employment terms, delaying payment of salary or other compensation until the specified event occurs.
EX-10.4 9 ea020920901ex10-4_hanryuhold.htm SUMMARY OF ORAL AMENDMENT TO EMPLOYMENT AGREEMENT BY AND BETWEEN TAEHOON KIM AND HANRYU BANK CO., LTD., DATED JULY 2022
Exhibit 10.4
Oral Agreement Summary
The below is a summary of the oral agreement between Hanryu Bank Co., Ltd (the “Company”) and Taehoon Kim.
On June 1, 2022, Taehoon Kim entered into an employment agreement with the Company. Subsequently, Taehoon Kim entered into an oral agreement with the Company agreeing to waive his compensation until after Hanryu Holdings, Inc. consummates its Initial Public Offering.
