other material
confidence high
sentiment neutral
materiality 0.60
Treasure Global signs $3M software development deals for lifestyle platform
TREASURE GLOBAL INC
- Three agreements with Mestiz Tech, E Argo Digital, Add2Cart for $1M each, total $3M.
- Payment milestones: $500k on effective date, $400k on UAT completion, $100k on go-live.
- Fees payable in cash or TGL shares at company's sole discretion; shares restricted 6 months under Rule 144.
- IP in software vests in TGL; 3-month term; liquidated damages 2% per week delay capped at 10% per phase.
- Agreements governed by Malaysia law; termination rights include material breach and force majeure over 3 months.