Company: VCIG
Filing Date: 2025-09-25
Form Type: F-3
Source: 0001213900-25-091277
Chunk: 13

Company: VCI Global Ltd
Filing Date: 2025-09-25
Form: F-3
Chunk 13
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 13, 2025 for a combined purchase price of $2,500,000.
Also, Alumni has agreed to purchase a $4,200,000 Convertible Note and Alumni Warrant to purchase up to $525,000 of the Company’s
ordinary shares by no later than September 3, 2025, for a combined purchase price of $3,500,000. Until August 13, 2027, Alumni has the
option to purchase up to $54,000,000 of additional Convertible Notes and Alumni Warrants to purchase up to $6,750,000 of the Company’s
ordinary shares for a combined purchase price of up to $45,000,000. Any issued Alumni Warrants, are or will be exercisable at an exercise
price per share equal to the greater of (i) $1.20 and (ii) the quotient of (A) $30,000,000, divided by (B) the number of ordinary shares
issued and outstanding as of the date of exercise, subject to adjustment.

The purchase price for the Convertible Notes includes
an original issue discount of approximately 16.67%, and the Convertible Notes do not otherwise accrue any interest, other than default
interest and late charges that may become payable.

The conversion price for the Convertible Notes
is equal to the greater of (A) the Floor Price, as defined in the applicable Convertible Note, and (B) the lower of (I) the quotient of
(x) $50,000,000, divided by (y) the number of ordinary shares outstanding immediately preceding the delivery of the applicable conversion
notice (treating for this purpose as outstanding all ordinary shares issuable upon exercise of options outstanding immediately preceding
the delivery or deemed delivery of the applicable conversion notice or upon conversion or exchange of convertible securities (including
the Convertible Notes) outstanding (assuming exercise of any outstanding options therefor) immediately preceding the delivery or deemed
delivery of the applicable conversion notice), and (II) ninety percent (90%) of the lowest VWAP of the ordinary shares during the ten
(10) consecutive trading days immediately preceding the delivery or deemed delivery of the applicable conversion notice.

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In connection with the initial closing, the Company
also entered into a Registration Rights Agreement with the Alumni, pursuant to which the Company agreed, upon written demand from Alumni,
to file and maintain an effective registration statement with respect to the resale of the ordinary