- On **September 16, 2025**, Aeries Technology, Inc. entered into a Letter Agreement with Sandia Investment Management LP to amend a prior Forward Purchase Agreement.  **[1853044_0001829126-25-007430_aeriestech_8k.htm:1]** **[1853044_0001829126-25-007430_aeriestech_ex10-1.htm:1]** 
- The agreement allows Sandia to sell its Class A ordinary shares, at a price not lower than **$1.05 per share**, through **December 31, 2025**, to offset Aeries' payment obligations.  **[1853044_0001829126-25-007430_aeriestech_8k.htm:1]** **[1853044_0001829126-25-007430_aeriestech_ex10-1.htm:2]** 
- As of **September 16, 2025**, Aeries' remaining liability to Sandia is **$2,656,222.87**, after accounting for **$343,777.13** in previously generated sales proceeds.  **[1853044_0001829126-25-007430_aeriestech_ex10-1.htm:1]** 
- If the proceeds from share sales are insufficient by **December 31, 2025**, Aeries will issue additional Class A ordinary shares to Sandia, with a minimum issuance of **500,000 shares**, based on a per-share price of at least **$1.00**.  **[1853044_0001829126-25-007430_aeriestech_8k.htm:1]** **[1853044_0001829126-25-007430_aeriestech_ex10-1.htm:2]** 
- The Letter Agreement also clarifies Aeries' payment obligations in the event of a Change in Control or delisting from the Nasdaq Capital Market.  **[1853044_0001829126-25-007430_aeriestech_8k.htm:1]**

Aeries Technology (AERT)