# EDGAR Filing Document

**Accession Number:** 0001905956
**File Stem:** 0001213900-25-092044
**Filing Date:** 2025-9
**Character Count:** 26954
**Document Hash:** b101774c53fe1b4666705bef3e9be42f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-092044.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0001213900-25-092044

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20250926

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TREASURE GLOBAL INC
- **CENTRAL INDEX KEY:** 0001905956
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-BUSINESS SERVICES, NEC [7389]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 364965082
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41476
- **FILM NUMBER:** 251347623

**BUSINESS ADDRESS:**
- **STREET 1:** 276 5TH AVENUE
- **STREET 2:** SUITE 704 #739
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001
- **BUSINESS PHONE:** 6012 643 7688

**MAIL ADDRESS:**
- **STREET 1:** 276 5TH AVENUE
- **STREET 2:** SUITE 704 #739
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**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): **<u>September 26, 2025</u>**

**TREASURE GLOBAL INC**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-41476** | **36-4965082** |
| (State or other jurisdiction<br> of Incorporation) | (Commission File Number) | (IRS Employer<br> Identification Number) |

---

---

| | |
|:---|:---|
| **276 5th Avenue, Suite 704 #739<br> New York, New York** | **10001** |
| (Address of registrant's principal executive office) | (Zip code) |

---

**<u>+6012 643 7688</u>**

(Registrant's telephone number, including area code)

**Not Applicable**

(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 (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, par value $0.00001 per share | TGL | The Nasdaq Stock Market LLC |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

On September 26, 2025, the board of directors (the "Board") of Treasure Global Inc (the "Company") appointed Chan Meng Chun, aged 53, as the Company's Executive Director, effective September 26, 2025. Mr. Chan Meng Chun previously served as the Company's Chief Financial Officer and Financial Controller. After a period of personal pursuits, he has been invited to rejoin the Company's leadership at the Board level to strengthen governance and provide strategic guidance as it advances its growth and profitability initiatives.

From May 2022 to September 2022, he was the Chief Financial Officer for Ikhasas Group of companies handling overall corporate finance including potential IPO, fund raising, banking, tax and accounts. From January 2022 to May 2022, he was the Head of Group Treasury for Sime Darby Plantation Bhd, a public listed company in palm oil upstream and downstream. At Sime Darby Mr. Chan Meng Chun managed group cashflow, including banking facilities, worked on group inter-company reconciliations, financial reports and budget and cashflow plans. From July 2020 to February 2021, Mr. Chan, Meng Chun served as Group Deputy CEO/Group Chief Financial Officer for Smart Glove Holding Sdn Bhd, a Malaysia company that manufactures and export gloves globally. At Smart Glove, Mr. Chan Meng Chun helped the company reorganize and prepare for a potential initial public offering, was involved with financial planning, analysis and treasury among other things. From November 2015 to June 2020 Mr. Chan Meng Chun served as Chief Financial Officer for TS Global Network Sdn Bhd, a member company of PT Telkom Indonesia. At TS Global, Mr. Chan Meng Chun completed restructuring and turnaround of cashflow, lead successful adoption of MFRS standards. Prior to this from April 2013 to November 2015, he was a Chief Financial Officer for a public listed company, Pasukhas Group Bhd. He was with Carimin Group of Companies from May 2000 to Aug 2012 before leaving as Group Financial Controller.

Mr. Chan Meng Chun received his Advance Diploma in Accounting from Institute of Financial Accountants (United Kingdom) in 2007 and a Master's Degree in Finance and Accounting from University of Wales in 2014. Mr Chan Meng Chun is a fellow member of the Institute of Public Accountants (Australia) and fellow member of the Institute of Financial Accountants (United Kingdom).

Mr. Chan Meng Chun and the Company entered into an executive employment agreement dated as of September 26, 2025 (the "Agreement"), pursuant to which Mr. Chan Meng Chun was appointed as the executive director of the Company, effective as of September 26, 2025. Mr. Chan Meng Chun is entitled to receive a total of $120,000 worth of shares of common stock of the Company on an annual basis, issued prorated on a monthly basis, calculated based on the Volume Weighted Average Price (VWAP) of the Company's shares for the respective month of issuance.

In addition, Mr. Chan Meng Chun is entitled to receive an aggregate of 199,912 shares of common stock upon completion of three (3) months of services with the Company, subject to applicable vesting schedules and other restrictions, in accordance with the Company's equity compensation plan. During the term of the Agreement, either party may terminate the Agreement by providing one hundred twenty (120) days' written. For a period of six (6) months following termination, Mr. Chan Meng Chun shall not be (unless with the approval of Board), either alone or in association or partnership with or as an employee, principal, agent, director, manager, member, shareholder, unit-holder, beneficiary or trustee of, as a consultant or adviser to any person or otherwise, or directly or indirectly engaged or concerned with or interested in any other business which is in any respect in competition with or similar to any part of the business carried out by the Company.

The foregoing summary of the Agreement does not purport to be complete and is subject to, and qualified in its entirety by, a form of which is attached as Exhibit 10.1 to this Current Report on Form 8-K, which is incorporated herein by reference.

**Item 9.01. Financial Statement and Exhibits.**

(d) Exhibits.

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 10.1 | [Form of Executive Employment Agreement](ea025895201ex10-1_treasure.htm) |
| 104 | Cover Page Interactive Data File (embedded with the Inline XBRL document) |

---

**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: September 26, 2025 | **TREASURE GLOBAL INC.** | **TREASURE GLOBAL INC.** |
|  | By: | */s/ Carlson Thow* |
|  | Name: | Carlson Thow |
|  | Title: | Chief Executive Officer |

---

## Exhibit 10.1

**Exhibit 10.1**

**EXECUTIVE EMPLOYMENT AGREEMENT**

**between**

**TREASURE GLOBAL INC.**

**and**

**CHAN MENG CHUN**

**DATED 26<sup>TH</sup> SEPTEMBER 2025**

Management Services Agreement <br> Page 1

**THIS EXECUTIVE EMPLOYMENT AGREEMENT** (the "**Agreement**") is dated 26<sup>th</sup> September 2025 and effective on 26<sup>th</sup> September 2025 (the "**Effective Date**")

**BETWEEN:**

(1) Treasure
 Global Inc .
 (Registration No.: 7908921), incorporated in the State
 of Delaware, with its registered address at 16192 Coastal Highway, Lewes, Delaware 19958,
 Country of Sussex (the "**Company**") on the first part;

**AND**

(2) Chan
 Meng Chun (NRIC.: 720404-02-5163), of No. 24 Jalan PP 5/18, Taman Putra Prima, 47130 Puchong,
 Selangor, Malaysia (the "**Executive**") of the other part,

(hereinafter jointly referred to as the "**Parties**" and, individually, as a "**Party**").

**RECITALS**

A. The
 Board of the Company has approved and appointed the Executive as the Executive Director of
 the Company.

B. The
 Company desires to enter into a formal agreement with the Executive to set forth the terms
 and conditions governing the Executive's employment.

**NOW THEREFORE,** in consideration of the recitals and mutual agreements herein set forth, the Company and the Executive agree as follows:-

**1.** **DEFINITIONS AND INTERPRETATION** 

In this Agreement, including without limitation the recitals and the schedules, unless the context otherwise requires:

1.1 the
 following expressions shall have the meaning set out against them:

---

| | |
|:---|:---|
| **"Agreement"** | means this Executive Employment Agreement; |
| **"Appointment"** | Means the appointment of the Executive as **Executive Director** of the Company as provided under Clause 2; |
| **"Board"** | means the board of directors for the time being of the Company or the directors present at any meeting of the Board duly convened and held; and |
| **"Confidential Information"** | means all information which the Company owns or is licensed to use and which it is entitled to protect against unrestricted disclosure to others, which is understood as being confidential in nature including but not limited to trade secrets, client/customers lists, drawing, know-how techniques, business and marketing plans, projections, arrangements and agreements with third parties and the Company, the financial affairs of the Company's business, details of the Company's clients and customers, any information proprietary to such clients or customers, formulae, concepts not reduced to material form, designs, plans and models; |

---

Management Services Agreement <br> Page 2

1.2 where
 two (2) or more persons or parties are included or comprised in any expression, agreement,
 covenant, term, stipulation, representation, warranty and/or undertaking expressed to be
 made by or on the part of such persons or parties, the aforementioned shall be deemed to
 be made by and binding upon and enforceable against such persons or parties jointly and severally
 (unless otherwise expressly specified herein);

1.3 references
 to Clauses, Recitals and Schedules are to clauses, recitals, appendices and schedules to
 this Agreement and shall form an integral part of this Agreement;

1.4 the
 headings are for convenience only and shall not affect the interpretation hereof;

1.5 unless
 the context otherwise requires, words in the singular shall include the plural and the plural
 shall include the singular;

1.6 reference
 to "business day" means a day except a Saturday, Sunday or public holiday (gazetted
 or ungazetted and whether scheduled or unscheduled) on which banks and financial institutions
 are open for business in Kuala Lumpur, Malaysia; and

1.7 unless
 the context otherwise requires, a reference to one gender shall include a reference to the
 other genders.

**2.** **EMPLOYMENT** 

2.1 The
 Company hereby employs the Executive, and the Executive accepts the employment as Executive
 Director of the Company. As the Company's Executive Director, the Executive shall render
 such services to the Company as are customarily rendered by the Executive Director of comparable
 companies and as required by the articles or by-laws of the Company.

**3.** **TERM AND RENEWAL** 

3.1. The
 term of this Agreement shall commence on the date first written above (the "**Effective Date**") and end on the first anniversary of the Effective Date, subject to the termination
 as provided in Clause 6 below. The Term shall automatically renew for an indefinite period
 unless otherwise no later than one hundred twenty (120) days prior to the end of the applicable
 Term either Party gives written notice of non-renewal (hereinafter referred to as "the
 Notice of Non-Renewal") to the other Party, in which case Executive's employment
 will terminate at the end of the then applicable Term, subject to termination as provided
 in Clause 6 below.

Management Services Agreement <br> Page 3

**4.** **EXECUTIVE'S DUTIES AND BASIC OBLIGATION** 

4.1 The
 Executive shall during the Term of this Agreement use his best endeavours to carry out his
 duties and to protect and promote the interest of the Company.

4.2 The
 Executive shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) devote
 his time, attention and skill to the discharge of the duties of his office as Executive Director
 of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) faithfully
 and diligently perform such duties and exercise such powers as are consistent with his office;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) in
 the discharge of such duties and in the exercise of such powers observe and comply with all
 lawful resolutions, regulation and discretion from time to time made or given by the Board;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) serve
 along as a member of the senior leadership team with the CEO, COO, CFO, CTO and VP;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) working
 closely and supporting CEO in part of the major corporate and strategic decisions, direct
 the company's overall growth, ensuring execution throughout the organization, by leveraging
 complementary strengths of each other;

**5.** **COMPENSATIONS AND BENEFITS** 

5.1 Unless
 otherwise agreed by Parties in writing, the Executive shall be entitled to the compensations
 and the benefits as stipulated hereunder in Schedule 1 during the Appointment.

**6.** **TERMINATION OF THE APPOINTMENT** 

6.1 Either
 Party may terminate this Agreement by giving the other not less than **one hundred twenty (120) days'** prior written notice of such termination. The Company may at its sole
 and absolute discretion pay a proportionate amount of Salary (as hereinafter defined) in
 lieu of any required period of notice.

6.2 Without
 prejudicing and in addition to any other provision of this Agreement, the Company shall be
 entitled to terminate the Appointment by **one (1) month's notice in writing** given
 at any time if the Executive shall have been incapacitated or prevented by reason of ill
 health injury or accident from performing his duties hereunder for a period of or periods
 aggregating 90 days in 12 months preceding the giving of such notice.

Management Services Agreement <br> Page 4

**7.** **RESTRICTIVE COVENANTS** 

7.1 The
 Executive hereby agrees undertakes and warrants that, during the Appointment and for a period
 of 6 months thereafter, he shall not be (unless with the approval of Board), either alone
 or in association or partnership with or as an employee, principal, agent, director, manager,
 member, shareholder, unit-holder, beneficiary or trustee of, as a consultant or adviser to
 any person or otherwise, or directly or indirectly engaged or concerned with or interested
 in any other business which is in any respect in competition with or similar to any part
 of the business carried out by the Company.

7.2 The
 Executive further agrees, undertakes and warrants that during the Term of his employment,
 he shall not:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) solicit
 or entice or endeavour to solicit or entice away from the Company any director, manager or
 employee of any such Company whether or not such person would commit any breach of his contract
 of employment by reason of leaving the service of such Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in
 competition with the Company seek, endeavour to entice away or solicit business from any
 person, firm, company, organization, concern, undertaking, body corporate to whom the Company
 at any time during the Appointment made a pitch or presentation or an offer or request to
 provide services;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) seek
 or accept employment with or engagement by or otherwise perform services for on engage in
 business with or be in any way interested in or connected with any parties that would be
 in competition with the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) interfere
 or seek to interfere with or make arrangement which have the effect of harming contractual
 or other trade relations between the Company and any other third parties;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) communicate
 to any person, concern, undertaking, firm or body corporate orally or in writing anything
 which is intended to or which will or may damage the reputation of the Company whether directly
 or indirectly and whether on his own behalf or with for or on behalf of any other person,
 concern, undertaking, firm or body corporate; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) With
 respect to any Confidential Information disclosed to the Executive or to which the Executive
 has access, the Executive shall maintain strict confidence, either during or after the termination
 of the Appointment without limit in point of time and shall not deal with the same in any
 other manner except as authorised or required by the duties herein provided.

Management Services Agreement <br> Page 5

7.3 The
 foregoing restrictions on the Executive's right to use and disclose Confidential Information
 shall not apply to any Confidential Information which:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) is
 or becomes public knowledge other than through the fault of the Executive;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 Executive received the express written approval of the Company to use or disclose to the
 extent and in the manner permitted by the Company; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 Executive is required to disclose pursuant to the lawful requirement or request of a governmental
 agency having jurisdiction over it, provided that, the Executive shall give the Company notice
 of same as soon as practicable.

7.4 Whilst
 the restrictions contained in this Clause are considered by the Parties to be reasonable
 in all circumstances it is recognised that restrictions of the nature in question may fail
 for technical reasons unforeseen and accordingly it is hereby agreed and declared that if
 any such restrictions shall be adjudged to be void as going beyond what is reasonable in
 all the circumstances for the protection of the interest of the Company but would be valid
 if part of the wording thereof were deleted or the periods (if any) thereof were reduced
 the said restriction shall apply with such modifications as may be necessary to make it valid
 and effective.

**8.** **GOVERNING LAW AND JURISDICTION** 

8.1 This
 Agreement shall be governed by and construed in accordance with the laws of Malaysia.

8.2 Any
 dispute arising from, out of or in connection with this Agreement shall be settled through
 friendly consultation between the Parties. Such consultations shall begin immediately after
 one Party has delivered to the other Party a written request for such consultations.

8.3 The
 courts of Malaysia shall have non-exclusive jurisdiction to settle any dispute or claim that
 arises out of or in connection with this Agreement or its subject matter.

**9.** **PREVIOUS AGREEMENT** 

9.1 This
 Agreement shall be in substitution for any previous contracts, agreements, arrangements or
 understandings between the Company and the Executive concerning or relating to the provisions
 of services by the Executive (whether as employee or consultant or otherwise) and any such
 contracts, agreements, arrangements or understandings are hereby terminated.

Management Services Agreement <br> Page 6

**10.** **NOTICES** 

10.1 All
 correspondence or notices required or permitted to be given under this Agreement shall be
 given in English and sent by mail, telefax, electronic mail or delivered by hand at the following
 addresses:

**<u>If to the Company:</u>**

---

| | | |
|:---|:---|:---|
| Company Name | : | TREASURE GLOBAL INC. (Company No.7908921) |
| Service Address | : | State of Delaware<br> 16192, Coastal Highway, Lewes,<br> Delaware 19958, Country of Sussex |
| Email | : | Carlson.thow@treasuregroup.org |
| Attention | : | Carlson Thow |

---

OR

**<u>If to the Executive:</u>**

---

| | | |
|:---|:---|:---|
| Name | : | Chan Meng Chun |
| Service Address | : | No. 24 Jalan PP 5/18, Taman Putra Prima, 47130 Puchong, Selangor, Malaysia |
| Email | : | michael.chan@treasuregroup.org |
| Attention | : | Michael Chan |

---

or such other address, email address or telefax number as either Party may designate to the other Party in writing.

**11.** **AMENDMENT** 

11.1 This
 Agreement may not be amended, supplemented or modified except by a written agreement or instrument
 signed by or on behalf of the Parties hereto.

**12.** **SEVERABILITY** 

12.1 Any
 provision of this Agreement which is prohibited by or is unlawful or unenforceable under
 any applicable law actually applied by any court of competent jurisdiction shall, to the
 extent required such law, be severed from this Agreement and rendered ineffective so far
 as possible without modifying the remaining provisions of this Agreement. Where, however,
 the provisions of any such applicable law may be waived, they are hereby waived by the Parties
 to the fullest extent permitted by such law to the intent that this Agreement shall be a
 valid and binding agreement enforceable in accordance with its terms.

Management Services Agreement <br> Page 7

**13.** **FORCE MAJEURE** 

13.1. Neither
 Party shall incur liability of any kind or nature whatsoever in relation to the other Party
 in the event of a failure to perform any of its obligations hereunder directly or indirectly
 caused by circumstances beyond the relevant Party's reasonable control, such as war
 or war-like activities, government orders, riots, civil commotion, strike, lock-out or similar
 actions, an act of God, peril of the sea or any other similar cause.

**14.** **MISCELLANEOUS** 

14.1. None
 of the provisions of this Agreement shall be deemed to constitute a partnership or joint
 venture between the Parties for any purpose.

14.2. Upon
 termination of this Agreement, the Executive shall surrender to the Company any and all books,
 records, documents, Confidential Information and other property in the possession or control
 of the Executive relating to this Agreement and to the business, finance, technology, trademark
 or affairs of the Company and its subsidiaries, and except as required by law, shall not
 retain any copies of the same.

14.3. No
 term of this Agreement is enforceable by a person who is not a Party to it.

14.4. Time
 is of the essence of this Agreement.

14.5. The
 failure of either party to enforce any term of this Agreement shall not act as a waiver.
 Any waiver must be specifically stated as such in writing.

14.6. In
 the event there is any conflict or inconsistency between the terms and conditions of this
 Agreement and the terms and conditions of the Company's subsidiary Letter of Offer,
 Employment Letter or Letter of Appointment, the terms and conditions of this Agreement shall
 prevail.

14.7. This
 Agreement shall be binding upon and inure to the benefit of the assign and successor-in-title
 of the Company and/or the Executive. The Executive shall not assign his rights, liabilities
 and remedies under this Agreement to any person without prior written consent of the Company.

14.8. This
 Agreement may be executed in one or more signed counterparts, facsimile or otherwise, which
 shall together form one instrument. Subject to compliance of the relevant written laws, Parties
 agree that either or both Parties may execute this Agreement by way of electronic signature
 or digital signature.

***[the rest of this page is intentionally left blank]***

 ****

Management Services Agreement <br> Page 8

**IN WITNESS WHEREOF** this **AGREEMENT** has been signed as and on behalf of each of the Parties hereto and delivered on the date first above written.

**<u>COMPANY</u>**

---

| | |
|:---|:---|
| Signed for and on behalf of **<br> Treasure Global Inc**<br> (Company No. 7908921)<br> in the presence of  |))))) |

---

![](ex10-1_001.jpg)

---

| | |
|:---|:---|
| ………………………………… | ………………………………… |
| \*Witness/Signatory | Signatory |
| Name (in full): | Name (in full): Carlson Thow |
| NRIC/Passport No.: | NRIC/Passport No.: |

---

*\*strikeout whichever is not applicable*

**AND** 

**<u>EXECUTIVE</u>**

---

| |
|:---|
| Signed for or on behalf of) |
| **CHAN MENG CHUN**) |
| (NRIC: 720404-02-5163) |
| in the presence of:) |

---

…………………………………

\*Witness/Signatory

Name (in full):

NRIC/Passport No.:

*\*strikeout whichever is not applicable*

**<u>Schedule 1</u>**

**<u>EXECUTIVE'S COMPENSATION AND BENEFITS</u>**

1. Salary
 (per month): **Ringgit Malaysia Ten Thousand (RM10,000.00) per month** 

2. Equity
 Compensation You
 will be entitled to $120,000 worth of TGL's shares annually, issued prorated on a monthly basis, calculated based on the Volume
 Weighted Average Price (VWAP) of the TGL's shares for the respective month of issuance.

3. Equity
 Incentive Plan TGL
 hereby agree to issue 199,912 common stocks to you upon completion of three (3) months of your services with TGL.

**[End of Schedule 1]**