VCI Global Limited (NasdaqCM:VCIG) acquired Socializer Messenger from Cogia Gmbh on March 18, 2024. The total purchase consideration payable by the VCI Global to Cogia for the purchase of the Assets is $5 million. The Parties agree that the Purchase Consideration shall be satisfied through the issuance of and the allotment of VCIG Shares to Vendor with an equivalent value of USD $5 million on the Completion Date. The issue price per VCIG Shares shall be determined based on the VWAP. The VCIG Shares shall be issued as a restricted stock for a period of 6 (six) months from the Completion (?Holding Period?). In connection with the Purchaser Consideration, the Cogia Gmbh agrees to enter into a Leak Out Agreement with VCI Global Limited (NasdaqCM:VCIG).

VCI Global Limited (NasdaqCM:VCIG) completed the acquisition of Socializer Messenger from Cogia Gmbh on March 18, 2024.