Treasure Global Inc. (TGL) has entered into a Supplemental Agreement with Mestiz Technology Sdn Bhd, a Malaysian company, to amend an existing Software Development Agreement. The amendment, dated September 24, 2026, reduces the total Service Fees for the project from $2,000,000 to $1,000,000.
The amended agreement continues to cover the design, development, integration, and implementation of a centralized Microsoft Power BI Business Intelligence solution. The scope includes three specific business environments: lifestyle membership and retail, loyalty and digital ecosystem, and digital wallet and fintech. A new Schedule 1 has been added to outline the revised implementation plan.
Treasure Global has already issued TGL Shares valued at $500,000 to Mestiz Tech, which satisfies Milestone 1 under the original agreement and is credited against the revised fees. The remaining $500,000 in fees is payable in two milestones: $250,000 upon the mobilization of Phase 2 and $250,000 upon the mobilization of Phase 3. The Company retains the discretion to pay these milestones in cash, common stock, or a combination of both.
Any shares issued under this Supplemental Agreement will be restricted for a period of six months from the date of issuance, subject to compliance with Rule 144 of the Securities Act of 1933. The Company relied on the exemption from registration provided by Section 4(a)(2) of the Securities Act and/or Regulation S.
