Aeries Technology boosts share reserve to 11.93M, adds evergreen provision, amends exec agreements

Aeries Technology, Inc.

Board approved Amendment No. 1 to 2023 Equity Incentive Plan, increasing authorized shares to 11,928,287.
Plan adds an evergreen provision to automatically increase share reserve by up to 5% annually for 9 years.
Individual award limits under Sections 5(d) and 5(e) of the Plan were removed.
Shareholder approval is required for the share increase and evergreen provision to become effective.
CEO Sudhir Appukuttan Panikassery's employment assigned to Aeries Technology Middle East Ltd.; three other executives' agreements clarified for incentive opportunities.

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