Delta Drone announced that on 25September 2023, it signed a Purchase and Sale Agreement (the ?PSA?)with Ukrainian military defence firm Scientific Production Company Techaviacom (?Techaviacom?) to supply Techaviacom with drones and drone-related technology for civilian and military purposes (the ?Inventory?). This Inventory is valued in Delta Drone?s books at more than ?2 million. Under the terms of the PSA, the Inventory will be delivered to Techaviacom in October of this year, which will then develop and/or resell products using the Inventory.

The base price of this Inventory is ?2,138,678 (the Inventory?s valuation in Delta Drone?s books) with payments to be made to Delta Drone in four instalments through 1 October 2024. This base price can be adjusted downwards after (i) the inspection to be performed by Techaviacom of the Inventory, (ii) the return by Techaviacom of items of the Inventory that cannot be used, and (iii) the resale of such items of the Inventory, it being understood that Delta Drone and Techaviacom will split the proceeds of these sales 50-50.