Filed
Pursuant to Rule 424(b)(3)
File
Number 333-140692
PROSPECTUS
SUPPLEMENT NO. 2
to
Prospectus dated February 12, 2008
(Registration
No. 333-140692)
ASIA
TIME CORPORATION
This
Prospectus Supplement No. 2 supplements our Prospectus dated February 12, 2008
and Prospectus Supplement No. 1 dated April 14, 2008. The securities that are
the subject of the Prospectus have been registered to permit their resale to
the
public by the selling security holders named in the Prospectus. We are not
selling any securities in this offering and therefore will not receive any
proceeds from this offering. You should read this Prospectus Supplement No.
2
together with the Prospectus and Prospectus Supplement No. 1.
This
Prospectus Supplement No. 2 includes the attached report, as set forth below,
as
filed by us with the Securities and Exchange Commission (the “SEC”): Current
Report on Form 8-K filed with the SEC on April 24, 2008.
Our
common stock is traded on the American Stock Exchange under the symbol “TYM.”
NEITHER
THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION
HAS
APPROVED OR DISAPPROVED OF THESE SECURITIES OR PASSED UPON THE ACCURACY OR
ADEQUACY OF THIS PROSPECTUS SUPPLEMENT. ANY REPRESENTATION TO THE CONTRARY
IS A
CRIMINAL OFFENSE.
The
date
of this Prospectus Supplement No. 2 is April 28, 2008.
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
__________________
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) of the
SECURITIES
EXCHANGE ACT OF 1934
Date
of
Report (Date of Earliest Event Reported): April 21, 2008
ASIA
TIME CORPORATION
(Exact
Name of Registrant as Specified in Charter)
Delaware
|
000-51981
|
20-4062619
|
(State
or other jurisdiction
|
(Commission
|
(IRS
Employer
|
of
incorporation)
|
File
Number)
|
Identification
No.)
|
Room
1601-1604, 16/F., CRE Centre
889
Cheung Sha Wan Road, Kowloon, Hong Kong
|
N/A
|
(Address
of principal executive offices)
|
(Zip
code)
|
|
|
Registrant’s
telephone number, including area code:
|
(852)-23100101
|
|
|
N/A
(Former
Name or Former Address, If Changed Since Last Report)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
o
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule
14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant
to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant
to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
Item
5.02
|
Departure
of Directors or Certain officers; Election of directors; Appointment
of
Certain Officers; Compensatory Arrangements of Certain
Officers.
|
On
April
21, 2008, Asia Time Corporation (the “Company”) appointed King Wai Lin, 41, as
the Company’s new Chief Financial Officer. Mr. Lin is a Certified Public
Accountant in Hong Kong and prior to his appointment as an executive officer
of
the Company, he served as a sole proprietor of accounting services. From
2003 to
2006, Mr. Lin served as a Senior Manager of Hong Kong Great Wall Certified
Public Accountant Limited, where he was responsible for tax compliance and
planning, insurance company audits, U.S. initial public offerings (“IPOs”) and
due diligence for mergers and acquisitions in China. Prior to that, he served
as
a Manager at Moores Rowland form 2001 to 2003
where
he
was in charge of audit advisory for companies listed on the Hong Kong stock
exchange, including Hong Kong IPOs. Mr. Lin also served in senior financial
roles at Deloitte Touche Tohmatsu from 1997 to 2001, and private accounting
firms Kwan Wong Tan & Fong CPA from 1992 to 1997 and Li Tan Chen CPA from
1989 to 1992. Mr. Lin received a Certificate of Accountancy in 1991 from
the
Kwai Chung Vocational Institute. Mr. Lin is a practicing member of the Hong
Kong
Institute of Certified Public Accountants, a member of the Chartered Association
of Certified Accountants and a member of the Hong Kong Taxation Association.
There
is
no family relationship between Mr. Lin and any director, executive officer,
or
person nominated or chosen by the Company to become a director or executive
officer. There are no transactions between the Company and Mr. Lin or any
member
of Mr. Lin’s immediate family of the type set forth in Item 404 of Regulation
S-K.
On
April
21, 2008 the Company and Mr. Lin executed an Employment Agreement (the
“Agreement”) in connection with Mr. Lin’s employment as the Company’s Chief
Financial Officer. The Agreement is effective as of April 21, 2008 and continues
in effect until terminated by Mr. Lin or the Company as provided in the
Agreement. Pursuant to the Agreement, Mr. Lin will receive a monthly base
salary
of HK$80,000, or approximately USD $10,264. Further, after a two-month probation
period, Mr. Lin will be eligible for a discretionary annual bonus and to
receive
paid vacation and other benefits made available to other Company employees,
such
as paid holidays and paid sick leave.
During
the two-month probation period, the Agreement may be terminated by the Company
with not less than one month’s written notice or payment of one months’ base
salary in lieu thereof or by Mr. Lin with not less than one month’s written
notice. After the probation period, the Agreement may be terminated by the
Company with not less than four month’s written notice or payment of four
months’ base salary in lieu thereof or by Mr. Lin with not less than four
month’s written notice. The Agreement may be terminated immediately, without
Company prior notice or payment in lieu of notice if at any time Mr. Lin
(i) is
guilty of dishonesty, theft, fraud, or habitually neglecting his duties;
(ii)
does anything detrimental to the Company’s business; (iii) materially breaches
any of the Company’s regulations; or (iv) willfully disobeys a lawful and
reasonable order. Upon termination of the Agreement, Mr. Lin may not work
for
any of the Company’s suppliers or clients for a period of 12 months after his
termination.
In
connection with the Agreement, Mr. Lin executed a Confidentiality Agreement
effective as of April 21, 2008. Pursuant to the Confidentiality Agreement,
Mr.
Lin may not, without prior approval, engage in the conduct of any business
or
have any financial interest in any other business (other than as a holder
of not
more than 5% of the issued shares or debentures of any company listed on
any
recognized stock exchange) which (i) competes or may compete with the Company’s
business; (ii) could jeopardize the Company’s reputation; or (iii) interfere
with Mr. Lin’s performance of his duties to the Company. Additionally, Mr. Lin
may not, for a period of twelve months after the termination of his employment
with the Company, engage in or be interested in (other than as a holder of
not
more than 5% of the issued shares or debentures of any company listed on
any
recognized stock exchange), any business which is in direct competition with
the
business of the Company, subject to certain exceptions. Additionally, Mr.
Lin
may not for a period 12 months after the termination of his employment with
the
Company, within Hong Kong, or in any other country where the Company has
transacted business, solicit or entice away employees, customers or clients
of
the Company or employ or use the services of any employee or consultant to
the
Company.
The
foregoing descriptions of the Agreement and the Confidentiality Agreement
are
qualified in their entirety by reference to the full text of the Employment
Agreement and Confidentiality Agreement, copies of which are attached hereto
as
Exhibits 10.1 and 10.2, respectively, and incorporated herein by
reference.
Item
9.01
Financial
Statements and Exhibits.
(d)
Exhibits
Exhibit
Number
|
|
Description
|
10.1
|
|
Employment
Agreement by and between King Wai Lin and the Company dated April
21,
2008.
|
10.2
|
|
Confidential
Agreement by and between King Wai Lin and the Company dated April
21,
2008.
|
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Date:
April
24, 2008
|
ASIA
TIME CORPORATION
|
|
|
|
|
|
|
|
|
|
By:
|
/s/
Kwong Kai Shun
|
|
|
Name
|
Kwong
Kai
Shun
|
|
Title:
|
Chief Executive Officer, Chief Financial
Officer
and Chairman of the
Board
|
EXHIBIT
INDEX
Exhibit
Number
|
|
Description
|
10.1
|
|
Employment
Agreement by and between King Wai Lin and the Company dated April
21,
2008.
|
10.2
|
|
Confidential
Agreement by and between King Wai Lin and the Company dated April
21,
2008.
|
Asia
Time Corporation
EMPLOYMENT
CONTRACT
Contract
No.: C058
This
employment contract is entered into between Asia Time Corporation (hereinafter
referred to as the “Employer”) and
Mr.
King Wai LIN,
HKID No.
C497030
(
4 )
(hereinafter referred to as the “Employee”) on the 21
st
April
2008 under the terms and conditions of employment below:
1.
|
Commencement
of Employment
|
Effective
from 21
th
April
2008 until either party terminates the contract.
Department:
Finance Department
Position:
Chief Financial Officer
Job
Responsibility: In charge of finance department.
Employee
No.: C058
|
3.1
|
Probation
Wage (HK$):
|
Monthly
Wage HK$80,000.00
Monthly
Wage HK$80,000.00, and
Annual
bonus, which is subject to the performance of the company, will be set by the
board of directors and may include cash and stock options.
|
3.3
|
Special
Allowance (HK$):
|
Traveling
Allowance: HK$
NIL
Overseas
Trip Allowance: HK$
NIL
Monthly
Sales Commission: HK$
NIL
Others:
NIL
|
3.4
|
Salary
will be paid monthly in the first day of the following month, or
the first
working day in case of public
holiday.
|
Monday
to
Friday:
From:
9:00 A.M. To: 6:00 P.M.
Saturday
From:
9:00 A.M. To: 1:00 P.M.
Lunch
Time:
From:
1:00 P.M. To: 2:00 P.M.
From:
21
st
April
2008 To: 20
th
June
2008
|
5.2
|
The Employee will become a normal employee after
the
probation period; therefore, he/she is not entitled to the normal employee
benefits during the probation. Normal employee benefits includes paid
holidays (Hong Kong General Holidays), paid annual vacation, paid sick
leave and paid maternity leave.
|
§
The
Employee is entitled to the general holidays of Hong Kong; but only normal
employees can enjoy the holidays with pay.
§
During
probation, the Employee shall take rest in these holidays but without pay.
The
deduction of wages will be calculated as follows:
Wage
deduction =
|
No.
of Leave
|
X
|
Monthly
or Basic Wage
|
No.
of Days of that Month
|
|
6.2
|
Paid
Annual Vacation:
§
The
Employer’s holiday year runs from 1 January to 31 December of every year.
|
|
§
|
The
Employee is entitled to paid annual leave according to the provisions
of
the Employment Ordinance. 7 working days annual vacation after completion
of the first year’s service. One day will be added for completion of one
year service, subject to a maximum of 14 days. Vacations should be
taken
in the next 12 months; vacations not taken in any year will be forfeited
and cannot be carried forward to the next
year.
|
|
§
|
According
to the practice of the Employer, part of the annual vacation will
be taken
during the consecutive holidays of the Lunar New Year. Rest of the
vacation would be taken at the Employee’s discretion. However, seven day’s
application is required if 2 or more days are applied.
|
The
Employee is entitled to paid sick leave and allowance according to the
provisions of the Employment Ordinance. In addition, normal employee can enjoy
one day full paid leave per month, but medical certificate from a registered
practitioner or dentist should be presented by the Employee. Full paid sick
leave entitlement cannot be accumulated and the use should not be
abused.
|
6.4
|
Maternity
Leave
The
Employee is eligible for maternity leave pay according to the provisions
of the Employment Ordinance if:
|
|
i)
|
She
has been employed under a continuous contract for not less than 40
weeks
immediately before the commencement of scheduled maternity leave;
|
|
ii)
|
She
has given notice of pregnancy and 1 month prior notice of her intention
to
take maternity leave to the Employer with the presentation of a medical
certificate confirming her pregnancy.
|
7.
|
Termination
of Contract
|
|
7.1
|
Termination
of Contract during Probation:
During
the probation, if either party wishes to terminate the contract,
a one
month written notice shall be given to the other party or a sum
equivalent
to the amount of monthly/basic wages for the notice period.
|
|
7.2
|
After
the probation:
If
either party wishes to terminate the contract, four months written
notice
should be given to the other party or a sum equivalent to the amount
of
monthly/basic wages for the notice period.
|
|
7.3
|
If
the Employee is guilty of dishonesty, theft, fraud, habitually neglectful
in his/her duties, or have done anything detrimental to the business
of
the Employer, any material breach of the regulations of the Employer,
willfully disobeys a lawful and reasonable order, the Employee could
be
summarily dismissed without notice or payment in lieu of notice and
the
Employer reserves the right to take further action.
|
|
7.4
|
Existing
works should be passed to the successor prior
leave.
|
|
7.5
|
The
Employee is not allowed to work for any suppliers or clients who
have
business relationship with the Employer within the next 12 months
after
termination, and no information of the Employer should be used for
any
purposes, otherwise, the Employer reserves the right to take further
action.
|
8.
Mandatory
Provident Fund
In
accordance with the requirements specified in the Mandatory Provident Fund
Schemes Ordinance, the Employee will contribute 5% of his/her monthly wages
towards the Scheme, while the Employer for another 5%. The Employee is required
to produce copies of MFP Statements for final compensation calculation upon
the
request of the Employer.
9.
Others
|
9.1
|
Any
provisions not detailed in this contract shall be referred to the
Employment Ordinance, the Employees’ Compensation Ordinance and any other
relevant Ordinances, and the employee regulations of the
Employer.
|
|
9.2
|
This
Contract has the following annex:
Confidential
Agreement
for
Asia Time Employees
which
forms part of this contract.
|
|
9.3
|
This
contract is the agreement between the Employer and the Employee,
and
should not be used for any other purpose. Once discovered, the Employer
reserves the right for further
action.
|
The
Employer and the Employee hereby declare that they understand thoroughly the
above provisions and further agree to sign to abide by such provisions. They
shall each retain a copy of this contract for future reference.
The
Employer:
|
The
Employee:
|
(With
company chop)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
/s/
Kai Shun Kwong
|
|
/s/
King Wai Lin
|
|
Name:
Kai Shun KWONG
|
Name:
King Wai LIN
|
CEO
|
HKID
No.:
|
Date:
21
st
April, 2008
|
Date:
21
st
April, 2008
|
Annex
Confidential
Agreement for Asia Time Employees
1.
Confidentiality
|
1.1
|
The
Employee shall not either during or after the termination of
his
employment by the Company
hereunder:
|
|
(a)
|
divulge
or communicate to any person or persons except to those officers
of the
Company or the Group whose province it is to know the same and except
as
required by law; or
|
|
(b)
|
use
for his own purposes or for any purposes other than those of the
Company
or the Group; or
|
|
(c)
|
through
any failure to exercise all due care and diligence cause any unauthorised
disclosure of,
|
any
secret confidential or any other information:
|
(i)
|
relating
to the business, potential business, finances, dealings or affairs
of the
Company or any member of the Group; or
|
|
(ii)
|
relating
to the working of any process or invention which is carried on or
used by
the Company or any member of the Group or which he may discover or
make
during his employment hereunder; or
|
|
(iii)
|
in
respect of which any such company is bound by an obligation of confidence
to any third party (including any principal, joint venture partner,
contracting party or client of the Company or Group) written notice
of
which has been given to the Employee or of which he is aware,
|
but
these
restrictions shall cease to apply to any information or knowledge which may
(otherwise than through the default of the Employee) become available to the
public generally without requiring a significant expenditure of labour, skill
or
money, or becomes lawfully available to the Employee from a third party free
from any confidentiality restriction or any information required to be disclosed
under any relevant law or regulation. The Employee undertakes to notify the
Company promptly of any unauthorized release of the above secret confidential
information.
Save
as
mentioned above, for the purpose of this clause, “secret confidential
information” shall also include all information which is obtained, whether in
writing, pictorially, in machine-readable form or orally, by observation during
visits or provided by Company or the Group to the Employee, whether of a
technical or business nature and/or ideas including but without limitation,
financial information, know-how, trade secrets, technology, customers lists
(potential or actual) and other customers-related information, suppliers
information, sales statistics, market projection and intelligence, marketing
and
other business strategies and other business or commercial
information.
|
1.2
|
The
Employee will promptly whenever requested by the board of directors
of the
Company and in any event upon the termination of his employment,
deliver
up to the Company or its nominees all lists of suppliers, clients
or
customers, correspondence and all other documents and records in
whatever
medium and assets relating to the business of the Group, which may
have
been prepared by him or have come into his possession, custody or
control
in the course of his employment, and the Employee will not be entitled
to
and will not retain any copies thereof. Title to and copyright in
these
items will vest in the Company.
|
2.
Non-competition
and Non-solicitation
|
2.1
|
During
his employment the Employee will not, without obtaining the prior
approval
of the board of directors of the Company, be directly or indirectly
engaged or concerned in the conduct of any other business or have
any
financial interest in any other business which, in the reasonable
opinion
of the board of directors of the Company, is an
organisation:
|
|
(a)
|
which
competes or may compete with the business of the Company or the Group;
or
|
|
(b)
|
an
association with which could jeopardize the reputation of the Company
or
the Group; or
|
|
(c)
|
an
engagement with which would adversely affect the Employee's ability
to
perform his duties fully and properly under this
Agreement,
|
provided
that this shall not prohibit the holding (directly or through nominees) of
investments listed on any recognised stock exchange as long as not more than
five per cent. (5%) of the issued shares or stock of any class of any company
shall be so held without the prior sanction of the board of directors of the
Company.
|
2.2
|
The
Employee will not, for a period of [twelve (12)] months after the
termination of his employment with the Company (howsoever caused),
either
personally or through an agent, carry on or be interested or engaged
in
(other than as a holder of not more than five per cent (5%) of the
issued
shares or debentures of any company listed on any recognised stock
exchange), or be concerned directly or indirectly in any Employee,
technical, advisory or other capacity in, any business concern (of
whatever kind) which is in direct competition with the business of
any
member of the Group. However, this restriction will not restrain
the
Employee from being engaged or concerned in any business concern
insofar
as the Employee's duties or work will relate solely
to:
|
|
(a)
|
geographical
areas outside Hong Kong where the Group have not transacted any business;
or
|
|
(b)
|
services
or activities of a kind with which the Employee was not concerned
to a
material extent in respect of the Group during his employment with
the
Company.
|
|
2.3
|
The
Employee undertakes that he will not within a period of [twelve (12)
months] after the termination of his employment with the Company
(howsoever caused), within Hong Kong, or in any other country where
the
Group has transacted business, either personally or through an agent,
directly or indirectly:
|
|
(a)
|
solicit
or endeavour to entice away from the
Group:
|
|
(i)
|
any
person, firm, company or other organisation which within [twelve
(12)]
months prior to or at the date of such termination was a customer
or
client of, or in the habit of dealing with the Group and with whom
the
Employee had contact or about whom he became aware or informed of
in the
course of his employment; or
|
|
(ii)
|
any
other person, firm, company or other organisation with whom the Employee
had regular, substantial or a series of business dealings on behalf
of the
Group; or
|
|
(iii)
|
any
employee, director, adviser or consultant of any member of the Group;
and
|
|
|
employ
or otherwise engage or use the services of any person who is an employee,
adviser, consultant of or under a contract of services with any member
of
the Group.
|
|
2.4
|
While
the restrictions contained in this Agreement are considered by the
parties
to be reasonable in all the circumstances, it is agreed that if such
restrictions as a whole are adjudged to go beyond what is reasonable
for
the protection of the confidential information and other legitimate
investment interests of the Company, and to be unenforceable, but
would be
adjudged reasonable and enforceable if any part of the wording thereof
were deleted or the period thereof reduced or the range of activities
or
area reduced in scope, then such restrictions will apply with such
modifications as may be necessary to make it valid and
effective.
|
Accepted
by:
________________________
King
Wai
LIN
Confidential
Agreement for Asia Time Employee
s
|
1.1
|
The
Employee shall not either during or after the termination of his
employment by the Company
hereunder:
|
|
(a)
|
divulge
or communicate to any person or persons except to those officers
of the
Company or the Group whose province it is to know the same and except
as
required by law; or
|
|
(b)
|
use
for his own purposes or for any purposes other than those of the
Company
or the Group; or
|
|
(c)
|
through
any failure to exercise all due care and diligence cause any unauthorised
disclosure of,
|
any
secret confidential or any other information:
|
(i)
|
relating
to the business, potential business, finances, dealings or affairs of the
Company or any member of the Group; or
|
|
(ii)
|
relating
to the working of any process or invention which is carried on or
used by
the Company or any member of the Group or which he may discover or
make
during his employment hereunder; or
|
|
(iii)
|
in
respect of which any such company is bound by an obligation of confidence
to any third party (including any principal, joint venture partner,
contracting party or client of the Company or Group) written notice
of
which has been given to the Employee or of which he is aware,
|
but
these
restrictions shall cease to apply to any information or knowledge which may
(otherwise than through the default of the Employee) become available to the
public generally without requiring a significant expenditure of labour, skill
or
money, or becomes lawfully available to the Employee from a third party free
from any confidentiality restriction or any information required to be disclosed
under any relevant law or regulation. The Employee undertakes to notify the
Company promptly of any unauthorized release of the above secret confidential
information.
Save
as
mentioned above, for the purpose of this clause, “secret confidential
information” shall also include all information which is obtained, whether in
writing, pictorially, in machine-readable form or orally, by observation during
visits or provided by Company or the Group to the Employee,
whether
of a technical or business nature and/or ideas
including but without limitation, financial information, know-how, trade
secrets, technology, customers lists (potential or actual) and other
customers-related information, suppliers information, sales statistics, market
projection and intelligence, marketing and other business strategies and other
business or commercial information.
|
1.2
|
The
Employee will promptly whenever requested by the board of directors
of the
Company and in any event upon the termination of his employment,
deliver
up to the Company or its nominees all lists of suppliers, clients
or
customers, correspondence and all other documents and records in
whatever
medium and assets relating to the business of the Group, which may
have
been prepared by him or have come into his possession, custody or
control
in the course of his employment, and the Employee will not be entitled
to
and will not retain any copies thereof. Title to and copyright in
these
items will vest in the Company.
|
2.
|
Non-competition
and
Non-solicitation
|
|
2.1
|
During
his employment the Employee will not, without obtaining the prior
approval
of the board of directors of the Company, be directly or indirectly
engaged or concerned in the conduct of any other business or have
any
financial interest in any other business which, in the reasonable
opinion
of the board of directors of the Company, is an
organisation:
|
|
(a)
|
which
competes or may compete with the business of the Company or the Group;
or
|
|
(b)
|
an
association with which could jeopardize the reputation of the Company
or
the Group; or
|
|
(c)
|
an
engagement with which would adversely affect the Employee's ability
to
perform his duties fully and properly under this
Agreement,
|
provided
that this shall not prohibit the holding (directly or through nominees) of
investments listed on any recognised stock exchange as long as not more than
five per cent. (5%) of the issued shares or stock of any class of any company
shall be so held without the prior sanction of the board of directors of the
Company.
|
2.2
|
The
Employee will not, for a period of [twelve (12)] months after the
termination of his employment with the Company (howsoever caused),
either
personally or through an agent, carry on or be interested or engaged
in
(other than as a holder of not more than five per cent (5%) of the
issued
shares or debentures of any company listed on any recognised stock
exchange), or be concerned directly or indirectly in any Employee,
technical, advisory or other capacity in, any business concern (of
whatever kind) which is in direct competition with the business of
any
member of the Group. However, this restriction will not restrain
the
Employee from being engaged or concerned in any business concern
insofar
as the Employee's duties or work will relate solely
to:
|
|
(a)
|
geographical
areas outside Hong Kong where the Group have not transacted any business;
or
|
|
(b)
|
services
or activities of a kind with which the Employee was not concerned
to a
material extent in respect of the Group during his employment with
the
Company.
|
|
2.3
|
The
Employee undertakes that he will not within a period of [twelve (12)
months] after the termination of his employment with the Company
(howsoever caused), within Hong Kong, or in any other country where
the
Group has transacted business, either personally or through an agent,
directly or indirectly:
|
(a)
solicit
or endeavour to entice away from the Group:
|
(i)
|
any
person, firm, company or other organisation which within [twelve
(12)]
months prior to or at the date of such termination was a customer
or
client of, or in the habit of dealing with the Group and with whom
the
Employee had contact or about whom he became aware or informed of
in the
course of his employment; or
|
|
(ii)
|
any
other person, firm, company or other organisation with whom the Employee
had regular, substantial or a series of business dealings on behalf
of the
Group; or
|
|
(iii)
|
any
employee, director, adviser or consultant of any member of the Group;
and
|
|
(b)
|
employ
or otherwise engage or use the services of any person who is an employee,
adviser, consultant of or under a contract of services with any member
of
the Group.
|
|
2.4
|
While
the restrictions contained in this Agreement are considered by the
parties
to be reasonable in all the circumstances, it is agreed that if such
restrictions as a whole are adjudged to go beyond what is reasonable
for
the protection of the confidential information and other legitimate
investment interests of the Company, and to be unenforceable, but
would be
adjudged reasonable and enforceable if any part of the wording thereof
were deleted or the period thereof reduced or the range of activities
or
area reduced in scope, then such restrictions will apply with such
modifications as may be necessary to make it valid and
effective.
|
Accepted
by:
/s/
King Wai Lin
|
|
King
Wai LIN
|
Asia Time Corp (AMEX:TYM)
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