Item 5.02 Departure of Directors or Certain Officers: Election of Directors: Appointment of Certain Officers: Compensatory Arrangements of Certain Officers.

(e) Compensatory Arrangements of Certain Officers

On October 20, 2021, after reviewing the Chief Executive Officer and Chairman's performance under his compensation plan, the Compensation Committee of Ebix, Inc. approved a retention grant of $3,600,000 in cash to Mr. Raina. While the grant shall be paid to Mr. Raina in full, it shall be earned by his remaining at his position over a three year period. If Mr. Raina voluntarily leaves the position of Chief Executive Officer of the Company within three years from the date of this grant, he will immediately be required to pay back the amount of the grant that has yet to be earned ratably as measured by each month of the 36 month period.

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