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Treasure Global Inc entered into three Software Development Agreements with Mestiz Technology Sdn Bhd, E Argo Digital…
TGLTreasure Global Inc
Treasure Global Inc entered into three Software Development Agreements with Mestiz Technology Sdn Bhd, E Argo Digital Sdn Bhd, and Add2Cart Commerce Pte Ltd to design a Lifestyle Membership and Experience Platform. The total contract value is US$3,000,000 (US$1,000,000 per agreement), payable in milestones: US$500,000 upon effectiveness, US$400,000 after user acceptance testing, and US$100,000 upon go-live. Payment may be made in cash or TGL common stock at the issuer's discretion; equity payments result in restricted shares for six months based on the preceding day's closing price. The agreements have a three-month term and include indemnification, confidentiality, and liquidated damages clauses. Treasure Global Inc operates in the technology sector, focusing on digital lifestyle membership platforms.