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I Synergy Group Limited (ASX: IS3) has signed a Sale and Purchase Agreement with Treasure Global Inc. (NASDAQ: TGL) for high-performance AI-based GPUs and specialised software worth AU$300,000. Payments will be made in six monthly instalments of AU$50,000, with an 8% annual interest penalty for late payments. The package includes advanced computing hardware and AI software licenses, with inspection and defect rectification provisions. Both parties retain their pre-existing IP rights, with TGL granting IS3 a perpetual license for relevant technology. To manage the project, IS3 will establish a wholly owned subsidiary. While not expected to materially impact FY25 results, the deal marks a key step in strengthening IS3’s AI capabilities and diversifying beyond affiliate marketing. The agreement allows either party to terminate with 30 days’ notice, ensuring operational flexibility.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.