SRIVARU Holding has entered into a 36-month purchase agreement with Ionic Ventures on July 1, 2024, allowing the company to direct Ionic to purchase up to $25M of ordinary shares. The initial exemption purchase notice for $1M was presented on July 1. The purchase price will be 97% of the lowest VWAP for regular purchases, or 90% for exemption purchases.The agreement includes key limitations: Ionic's ownership cannot exceed 4.99% of outstanding shares, monthly sales are restricted to the greater of $25,000 per trading day or 17.5% of daily trading volume, and purchases are prohibited when share price falls below $0.10. SRIVARU maintains control over the timing and amount of sales.Concurrent agreements include a Registration Rights Agreement requiring SRIVARU to file a resale registration statement within 30 days, and a Placement Agency Agreement with Maxim Group LLC, which will receive a 5% fee for exemption purchases and 3% for regular purchases, potentially totaling up to $720,000 in fees for the full $24M remaining capacity.

SRIVARU Holding has entered into a 36-month purchase agreement with Ionic Ventures on July 1, 2024, allowing the company to direct Ionic to purchase up to $25M of ordinary shares. The initial exemption purchase notice for $1M was presented on July 1. The purchase price will be 97% of the lowest VWAP for regular purchases, or 90% for exemption purchases.The agreement includes key limitations: Ionic's ownership cannot exceed 4.99% of outstanding shares, monthly sales are restricted to the greater of $25,000 per trading day or 17.5% of daily trading volume, and purchases are prohibited when share price falls below $0.10. SRIVARU maintains control over the timing and amount of sales.Concurrent agreements include a Registration Rights Agreement requiring SRIVARU to file a resale registration statement within 30 days, and a Placement Agency Agreement with Maxim Group LLC, which will receive a 5% fee for exemption purchases and 3% for regular purchases, potentially totaling up to $720,000 in fees for the full $24M remaining capacity.