Company: VCIG
Filing Date: 2025-05-22
Form Type: F-3
Source: 0001213900-25-046880
Chunk: 24

Company: VCI Global Ltd
Filing Date: 2025-05-22
Form: F-3
Chunk 24
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arrant if such exercise 
 were by means of a cash exercise rather than a cashless exercise.                                                                           |

“Market Price” means the highest traded
price of the shares of our ordinary shares during the three hundred sixty-five (365) trading days prior to the date of the applicable
notice of exercise.

We may, from time to time and at our sole discretion,
direct Alumni Capital to purchase the Purchase Shares upon the satisfaction of certain conditions set forth in the Purchase Agreement
at a purchase price per share based on the market price of our Common Shares at the time of sale as computed under the Purchase Agreement.
Alumni Capital may not assign its rights and obligations under the Purchase Agreement.

The Purchase Agreement prohibits us from directing
Alumni Capital to purchase any Purchase Notice Securities if those shares, when aggregated with all other ordinary shares then beneficially
owned by Alumni Capital, would result in Alumni Capital and its affiliates owning in excess of 4.99%, of our then issued and outstanding
ordinary shares (the “”) unless mutually waived by the parties.

Purchase of Purchase Shares Under the Purchase Agreement

Commencing on the date that the Commitment Warrants
are delivered and ending at the end of the Commitment Period we may, from time to time direct Alumni Capital to purchase such number of
Purchase Shares set forth on a written notice from us (the “Purchase Notice”) at a price equal to the Purchase Price, provided,
however, that the amount of Purchase Shares cannot exceed $1,000,000 or the Beneficial Ownership Limitation. We will deliver the Purchase
Shares concurrently with the delivery of a Purchase Notice, which will be deemed delivered on the same business day if Alumni Capital
receives the Purchase Shares and the Purchase Notice by 8:00 a.m., New York time, or on the next business day if Alumni Capital receives
the Purchase Shares and the Purchase Notice after 8:00 a.m., New York time. Within five Business Days after the Purchase Notice Date,
Alumni Capital shall pay to the Company an amount equal to the Purchase Notice Securities multiplied by the Purchase Price (the “”).

“Purchase Price” means with respect
to any Closing Date, the lowest traded price for the ordinary shares for the five (5) consecutive Business Days immediately prior to such
Closing Date multiplied by 102%.

Effect of Performance of the Purchase Agreement and Commitment Warrant on our Shareholders

The Selling Shareholder Shares registered in this
offering that may be issued or sold by us to Alumni Capital under the Purchase