Administrative Service Agreement between HHG Capital Corporation and Ms. Leung Po Yi
This agreement is between HHG Capital Corporation and Ms. Leung Po Yi, who will provide company administration services. The agreement starts in 2021 and continues until the services are completed, with the option to extend by mutual consent. Either party can end the agreement with 30 days' written notice. Ms. Leung Po Yi will be paid $10,000 per month, with payment due upon completion of services.
Exhibit 10.7
Administrative Service Agreement
This Administrative Service Agreement (the “Agreement”) dated this the day of , 2021 is between Ms. Leung Po Yi, herein referred to as “Service Provider” and HHG Capital Corporation, herein referred to as “Customer”.
Service Provider has agreed to provide services to the Customer on the terms and conditions set out in this Agreement, while Customer is of the opinion that Service Provider has the proper and necessary qualifications, experience and abilities to provide services to Customer.
Therefore in consideration of the matters described above, the receipt and sufficiency of which consideration is hereby acknowledged, the Customer and the Service Provider agree as follows:
| 1. | Scope of Work |
The Service Provider is to provide the Customer with the following services (the “Services”): Company Administration.
The services will include any other tasks which the Customer and the Service Provider may agree on.
| 2. | Term of Agreement |
This Agreement will begin on , 2021 and will remain in full force and effect until the completion of the Services. This Agreement may be extended by mutual written agreement of the parties.
| 3. | Termination |
If either party seeks termination of this Agreement, the terminating party must provide a 30 days written notice to the other party.
| 4. | Compensation |
The Customer will provide compensation to the Service Provider of $10,000 per month for the services rendered by the Service Provider as required by this Agreement. Compensation is payable at the completion of services.
IN WITNESS WHEREOF the parties have duly affixed their signatures under hand on this day of , 2021.
| By: | ||
| Name: | Leung Po Yi | |
| HHG Capital Corporation | ||
| By: | ||
| Name: | Chee Shiong (Keith) Kok | |
| Title: | Chief Executive Officer |
