Exhibit 10.1
1 January 2017
Mr Cheong Chia Chou
S/7579335I
Dear Mr Cheong,
APPOINTMENT AS INDEPENDENT GROUP MANAGING DIRECTOR
We are pleased to appoint you as the Independent Group Managing Director of Pictureworks Group effective from 1 January 2017. This appointment is being formalised through this letter of appointment covering the terms and conditions of your appointment.
| 1. | Term |
There will be a non-defined term period of your appointment as an Independent Managing Director of the Company. You may cease to hold the office as an Independent Managing Director at any time that you resign by a written notice.
| 2. | Director Fee |
You will receive a director fee of S$120,000.00 per annum at the closure of each calendar year.
| 3. | Role, Duties and Liabilities |
| (a) | You shall render professional consulting services with regard to the development of strategic aims, formalisation of leadership framework, values and standards of the Company. | |
| (b) | You shall exercise your duties with independent judgement. | |
| (c) | You shall act in good faith in order ot promote the objects of the Company for the benefits of its members as a whole, and in the best interests of the Company, its employees and the stakeholders. |
| 4. | Confidentiality |
All information acquired during your appointment is confidential to the Company and should not be released, either during your appointment or following termination, to third parties.
| Yours Sincerely, | |
| /s/ Jenny Tay | |
| Jenny Tay (Ms) | |
Group Chief Executive Officer Pictureworks Group |
Pictureworks Pte Ltd
Blk 4008 Ang Mo Kio Avenue 10 Techplace 1 #03-21 Singapore 569625
Tel: (65) 6456 6616 Fax: (65) 6456 6696
www.pictureworks.biz