Vmoto has agreed to invest up to USD3 million (approximately A$4.5 million) (Subscription Price) by way
of credit offsets on batteries and electric vehicles supplied from Vmoto to Charged Asia or its subsidiaries
over a 3-year period (Credit Period). In return, Vmoto will receive equity of 8% in Charged Asia, which
currently has an investment valuation of USD38 million. Regardless of whether the available credit offsets
are fully utilised during the Credit Period, upon the expiry of the Credit Period, the Subscription Price shall
be deemed to have been satisfied in full by Vmoto
Vmoto and Social Media, page-364
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