On August 3, 2026, Aeries Technology, Inc. ("Aeries" or the "Company") entered into a Letter Agreement (the "Letter Agreement") with Sea Otter Trading, LLC ("Sea Otter") with respect to that certain Confirmation of OTC Equity Prepaid Forward Transaction, dated as of November 3, 2023, by and between the Company and Sea Otter, as amended by that certain Forward Purchase Agreement Confirmation Amendment, dated as of November 3, 2023 (as amended, the "Forward Purchase Agreement"). The Company and Sea Otter have entered into this Letter Agreement to settle the Maturity Consideration (as defined in the Forward Purchase Agreement) which consists of a cash payment equal to $1,141,461.00 (the "Payment Liability") that the Company is obligated to pay Sea Otter and for which Sea Otter is willing to accept Class A ordinary shares, par value $0.0008 per share (the "Class A ordinary shares"), in lieu of immediate cash payments of the past-due Payment Liability.

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