Treasure Global Inc: enters $2,000,000 consultancy agreement

What happened

• Treasure Global Inc filed an 8-K reporting that on Oct 15, 2026 it entered into the Brand Mastery & Market Development Consultancy Agreement with PEPE CEMERLANG MARKETING.
• The Agreement engages the Consultant to provide brand strategy, brand identity development, and marketing and growth execution services and sets a total Service Fee of $2,000,000.

Key details

• The Agreement has an 18-month term beginning on Oct 15, 2026 and includes 30 calendar days of post-project support.
• Milestone payment schedule totals $2,000,000: Phase 1 — $660,000 on signing and $200,000 on completion; Phase 2 — $550,000 on commencement and $190,000 on completion; Phase 3 — $300,000 on commencement and $100,000 on completion.
• At the company’s election, milestone payments may be made in cash, by issuance of shares, or by a combination; if paid in shares, shares will be issued within 15 days after the payment date, restricted for 6 months, and the number of shares equals the milestone amount divided by the last closing price on Nasdaq on the trading day before the company’s notice.
• Intellectual property: upon full payment the work product and related intellectual property vest in and are assigned to the company; pending full payment the company has a non-exclusive, royalty-free license to use the work product for internal business purposes.

Why it may matter

• The filing reports Item 1.01 (entry into a material definitive agreement) and Item 3.02 (unregistered sales of equity securities) in connection with the Agreement’s option to issue shares as payment.
• The Agreement is governed by the laws of Malaysia and provides for indemnification, confidentiality, termination rights, and dispute resolution in Malaysian courts after a 30-calendar-day consultation period.
• The filing does not show why the insider traded or why the company acted.