Summary of oral amendment to Employment Agreement by and between Taehoon Kim and Hanryu Bank Co., Ltd., dated July 2022
Contract Categories:
Human Resources
›
Employment Agreements
EX-10.16 3 fs12023a1ex10-16_hanryu.htm SUMMARY OF ORAL AMENDMENT TO EMPLOYMENT AGREEMENT BY AND BETWEEN TAEHOON KIM AND HANRYU BANK CO., LTD., DATED JULY 2022
Exhibit 10.16
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.
