On February 1, 2024, KLDiscovery Inc.'s subsidiary KLDiscovery Ontrack, LLC entered into a Software License Agreement, by and between, Relativity ODA LLC and the Company (the License Agreement"), and is effective as of January 1, 2024. The License Agreement supersedes and replaces that certain software License Agreement, by and between Relativity and the Company, originally entered into January 1, 2021. Pursuant to the License Agreement, the Company licenses Relativity, software widely used in the ediscovery industry for review of documents.

The term of the License Agreement is forty-two months commencing on January 1, 2024 and expiring on June 30, 2027. Unless otherwise modified or terminated in accordance with the terms of the License Agreement, the Company's total obligations for the term of the License Agreement are approximately $33.2 million. The foregoing descriptions of the License Agreement is not complete and is qualified in its entirety by reference to such agreement, which will be filed with the Company's next periodic report.