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Exhibit 10.3
NCN Group Management
Limited
PERSONAL AND
CONFIDENTIAL
EMPLOYMENT AGREEMENT
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NAME
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Godfrey. Chin
Tong HUI
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POSITION
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Deputy Chief
Executive Officer
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OTHER
POSITION
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Also Appointed
as Deputy CEO of Network CN Inc
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EMPLOYEE
CATEGORY
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Permanent
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COMMENCEMENT
DATE
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July 1
st 2009
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Dear Mr
Hui:
This Agreement
supersedes all previous agreements, promises, representations,
understandings and negotiations between the parties, whether
written or oral, with respect to the subject matter
hereof.
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(1)
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Office hours as determined by the COMPANY
is:-
Monday to Friday : 9:00 a.m. to 17:30
p.m.
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(2)
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Duties
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Your duties shall include the usual duties for
which you are employed and any other reasonable assignments which
the COMPANY may call upon you to perform. During your employment,
you shall report directly to Company's Chief Executive Officer and
the Board of Directors.
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(3)
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Remuneration
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the Company will pay you an monthly salary of
HK$60,000 net.
the Company
will pay you the monthly allowance of HK$40,000.
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(4)
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Holidays
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You are
entitled to the following holidays:
Gazetted General
Holidays.
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(5)
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Annual
Leave
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Twenty four (24) working days of annual leave
after serving every period of Twelve (12) months. Unused leave
earned in the past will be carried forward.
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(6)
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Employee
Benefits
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the Company shall be responsible for any income
taxes resulting for your employment under
this agreement.
the Company will reimburse in full to you for
your medical insurance scheme which you have carried over from
your previous employment.
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(7)
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Bonus Shares
and Share Option
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At the discretion of the COMPANY, you will be
offered bonus shares and/or share option for your service and you
are entitled to no less than 10 millions shares of Network CN Inc.
within the first two years of service.
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Employment
Agreement for
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P.2
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(8)
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Both parties has to provide a three months
advance notice to the other party for the termination of this
employment agreement
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(9)
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Transferability
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For reasons of operations needs, reallocation of
manpower, cross training, staff development, conflicts or on
medical grounds, the Management reserves the rights to vary the
nature of your duties according to your personal abilities to
perform multi-tasks, which may include your possible transfer to
other departments or secondment to other properties within our
Group of Companies.
All benefits and entitlements due to such
transfers will be adjusted accordingly.
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(10)
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Uniform
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Smart office
attire is required.
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(11)
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Your employment can be terminated at any time,
without notice or payment in lieu in the event of your serious
misconduct, persistent unpunctuality, neglect of duty or breach of
any of the terms and conditions of your employment, or of any rules
and regulations governing your employment.
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(12)
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Rules &
Regulations
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You
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