{"url_path":"/sec/aei/8-k/2026-06-25/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into a Material Definitive Agreement.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-25","source_url":"https://www.sec.gov/Archives/edgar/data/1750106/0001493152-26-030176-index.html","accession_number":"0001493152-26-030176","cik":"0001750106","ticker":"AEI","issuer_name":"Alset Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1750106/0001493152-26-030176-index.html","primary_entity_key":"0001750106","primary_entity_name":"Alset Inc."},"word_count":377,"has_tables":true,"body_markdown":"** **\n\n \n\n \n\n** **\n\n**Item\n1.01 Entry into a Material Definitive Agreement.**\n\n \n\n**Securities\nPurchase Agreement with DSS Inc.**\n\n \n\nOn\nJune 23, 2026, Alset Inc. (the “Company”) entered into a securities purchase agreement (the “SPA”) with\nDSS, Inc., a New York company (“DSS”) pursuant to which the Company has loaned DSS $1,000,000, in exchange for a convertible\npromissory note (the “Note”) and warrants to purchase 17,777,776 shares of DSS common stock (the “Warrants”).\nThe Note, SPA, and Warrants are collectively referred to herein as the “Transaction Documents.”\n\n \n\nThe\nNote is payable upon demand. The Note will bear\na simple interest rate of 3% per annum. Under the terms of the Note, the Company may convert any outstanding principal and interest into\nshares of DSS common stock at $0.45 per share upon notice prior to maturity of the Note five (5) years from the date of thereof.\n\n \n\nThe\nWarrants to be issued to the Company are to purchase up to 17,777,776 shares of DSS common stock at an exercise price of $0.50\nper share. The Warrants expire on their third anniversary.\n\n \n\nThe Transaction Documents\nwill require the approval of DSS’ stockholders, prior to the conversion of the Note or exercise of the Warrants.\n\n \n\nThe\nCompany holds a significant equity interest in DSS directly and through its subsidiaries. The Company and DSS are related parties under\nthe common control of the Company’s Chairman and Chief Executive Officer, Chan Heng Fai, who is also the Chairman of DSS. Chan\nTung Moe, a director and Co-Chief Executive Officer of the Company, is also a director of DSS. Lim Sheng Hon Danny, a director and officer\nof the Company, is also a director of DSS. Three of the Company’s independent directors, Joanne Wong Hiu Pan, Wong Shui Yeung,\nand William Wu are also directors of DSS. The Transaction Documents were approved by the Company’s Board of Directors and Audit\nCommittee. Chan Heng Fai and Chan Tung Moe, members of the Company’s Board of Directors, recused themselves from all deliberation\nand voting regarding the Transaction Documents.\n\n \n\nThe\nforegoing is a summary only and does not purport to be complete. It is qualified in its entirety by reference to the Transaction Documents,\ncopies of which are filed as Exhibits 10.1, 10.2, and 10.3 hereto and incorporated by reference herein."}