Aptech Ltd. has entered into a multi-year Memorandum of Understanding on November 14, 2022 (MOU) with an autonomous education body (said Body) under Ministry of Education, Government of India to conduct computer-based tests for the territory of India as per the scope of services in accordance with the MOU to conduct computer-based tests for the territory of India as per the scope of services in accordance with the MOU. Significant terms and conditions of the MOU are as follows: A. The MOU is executed by said body with Aptech Limited. B. As per the MOU the work which is to be carried out by Aptech is to be done in three phases namely: 1) Pre-Examination Phase 2) Test Delivery Phase 3) Post Examination Phase C. The tenure of the MOU shall be Multi-year subject to satisfactory milestone based deliverables by Aptech to said body.

D. The MOU enshrines the respective deliverables by both Aptech and said body. E. The MOU enshrines Confidentiality, Force Majeure, Indemnity, Limitation of Liability, Arbitration, IP Rights, Amendments, Notices, Waiver, Partnership and Severability. The estimated revenue of more than INR 500 million subject to satisfactory milestone-based deliverables to said body.