-
Signature
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/s/ Heng Fai Ambrose Chan
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Stock symbol
-
VEII
-
Transactions as of
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Jul 15, 2024
-
Transactions value $
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$110,000
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Form type
-
4
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Date filed
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7/17/2024, 04:15 PM
Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)
Type |
Sym |
Class |
Transaction |
Value $ |
Shares |
Change % |
* Price $ |
Shares After |
Date |
Underlying Class |
Amount |
Exercise Price |
Ownership |
Footnotes |
transaction |
VEII |
Convertible Debt |
Purchase |
$110K |
|
|
|
$110K |
Jul 15, 2024 |
Common Stock |
|
$0.06 |
See footnote |
F1, F2 |
* An asterisk sign (*) next to the price indicates that the price is likely invalid.
Explanation of Responses:
Remarks:
Value Exchange International, Inc. ("VEII") entered into a Convertible Credit Agreement, dated as of July 15, 2024 (the "Credit Agreement") with Hapi Metaverse Inc. On July 15, 2024, Hapi Metaverse Inc. loaned VEII $110,000. This amount can be converted into shares of VEII pursuant to the terms of the Credit Agreement for a period of three years. In the event that Hapi Metaverse Inc. converts this loan into shares of VEII Common Stock, the conversion price shall be $0.06 per share.