Aeries Technology, Inc entered into a share subscription agreement with an institutional accredited investor Oyster Bay Fund Limited to issue 2,261,778 newly issued Class A ordinary shares of the Company, $0.0001 par value per share at a purchase price of $2.21 per share for gross proceeds $4,998,529.38 on April 8, 2024. The issuance of the Shares to the Investor pursuant to the Agreement has been conducted in reliance on an exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended, on the basis that the Investor is an accredited investor and the Company did not engage in any general solicitation in connection with such offer and sale. The Agreement contains customary representations, warranties and covenants of the parties, and the closing was subject to customary closing conditions.