EX-10.8 3 focus_ex1008.htm AMENDMENT TO I. KAU EMPLOYMENT AGREEMENT, DATED NOVEMBER 21, 2022

Exhibit 10.8

(. - FOCUS \ :._;;' UNIVEA5AL AMENDMENT TO EMPLOYMENT AGREEMENT FOR MR . IRVING KAU Dear Mr . Irving Kau : Focus Universal Inc . ("FCUV"), the affiliates and subsidiaries of FCUV, and any successors or assigns of any of the foregoing, entered into an Employment Agreement (the "Agreement") dated as of November 3 , 2021 for the purpose of emp l oying Mr . Irving Kau at Focus Universal Inc . Pursuant to the main section of the Agreement, yo u were entitled to receive stock grants for 10 , 000 shares of FCUV Common Stock under the Focus Universal Incentive Plan . As you are aware, you were awarded stock grants for the first two quarters of 2022 (lQ, 2 Q), under these bonus Management shares, according to the set performance metrics . However, given circumstances out of your or FCUV control, these performance metrics have become outdated, and we have amended these metrics for remaining third and fourth quarter of 2022 ( 3 Q, 4 Q) . Accordingly, you and Focus Universal hereby agree that the Agreement is hereby amended as follows : The bonus Management shares section which states: "In addition, up to 10,000 bonus Management shares will be granted in 2,500 blocks every quarter if any of these three (3) performances metrics are met during employment: 1. 90 Day Volume Weighted Average Stock Price: Increase 20% over previous quarter 2. Avg 90 trading volume: Increase 15% over previous quarter 3. Number of Stock Twits watchers: Increase 100% per quarter." Shall be amended to read the fo l lowing: "In addition, up to 10,000 bonus Management shares will be granted in 2,500 blocks every quarter if any of these three (3) performances metrics are met during employment: 1. On time filing of the quarterly or year end financials, barring any unmitigated legal or audit delays. 2. Increase of sales or accounts receivable over 20% on a quarter over quarter basis, because of business efforts to build new lines of business. 3. Closure of one merger or acquisition either using a standard business combination or asset purchase agreement." Fi rs t Amendment : This Agreement is the First Amendment of the Contract .

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No Ot h e r Chang e s : Except as otherw i se expressly provided in the Agreement, all of the terms and condit i ons of the Contract s hall remain unchanged a nd in full force and effect . Mi s cellaneou s Terms : Capitalized terms not otherwise defined in this Agreement will h ave meanings ascribed to them in the Contract . Governin g Law : Subject to the terms of the Contract, it is the i n tention of the Pa r ties of the Agreement, and all suits and special proceedings under this Agreement, be construed in accordance with and governed by the laws o f the State of California , without regard to the ju r isdiction in which any action or special proceedings may b e instituted . IN WIT N ESS W H EREOF, the Parties have duly affixed their signatures, on this day of N o v e m \ ?ey ? 0 2 2 . Desh e ng Wang, CEO

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