Optiscan Imaging Limited provided the following additional information at the request of ASX in relation to its ASX Announcement dated 27 June 2022 and titled `Optiscan announced Strategic Distribution Partner for China' whereby the Company announced a new Distribution Agreement (Agreement) with China based Sinsi Technology Co Ltd. (Distributor). The Company advises that the Agreement has an initial term of 2 years (Initial Term) with the ability to extend for another 12 months (Additional Term) following the Initial Term. The Agreement includes minimum purchase targets for the Distributor and if these targets are achieved the revenue will be material for the Company in the future.

The Agreement may be terminated by the Company in the event that the Distributor has not made payment in accordance with the Agreement and any notices of default being provided. Either party may terminate the Agreement in the event of any breach of the Agreement.