Company: HCTI
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109581
Chunk: 52

Company: Healthcare Triangle, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 52
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 the Master Services Agreement,
SKI and SKL provide technical resources according to the statement of work from the Company.

In addition, on January 1, 2025, the Company
entered into a Rental Sublease Agreement with Securekloud Technologies Inc. (“SKI”), The initial term of the agreement between
SKI and the principal lessor is twenty-four months, which is extendable based on mutual consent. As per the terms of the Rental Sublease
Agreement, the cost incurred by SKI on behalf of the Company are settled at cost.

41

The balance outstanding from the affiliates as of September 30, 2025
is $3,502 as compared to $497 as of December 31, 2024. The balance as at September 30, 2025 is unsecured, non-interest bearing and is
expected to be settled within six months from the balance sheet date, as outlined below 

 -SecureKloud Technologies Limited(*)   (public company in India) balance
outstanding as of September 30, 2025 is $3,287 (including the balance previously owed by SecureKloud Technologies Inc.) as compared to
nil as of December 31, 2024,

 -SecureKloud Technologies, Inc.,(*) balance outstanding as of September 30, 2025
is nil as compared to $497 as of December 31, 2024, and

 -Blockedge Technologies, Inc., balance outstanding as of September 30, 2025 is $215 as compared
to nil as of December 31, 2024

(*)During the period ended September 30, 2025, the Company, together with SecureKloud Technologies
Limited and SecureKloud Technologies, Inc., entered into a tripartite agreement, pursuant to which, SecureKloud Technologies Limited
took over the contractual obligations, outstanding balance and transactions between the Company and SecureKloud Technologies, Inc. Accordingly,
the balance receivable from SecureKloud Technologies Inc., has since been novated to SecureKloud Technologies, Limited as of the effective
date of the novation.

Related party transactions:

Following are the transactions with the above
related parties during the period:

    Related Parties 
    Nature of transactions 
    Quarter  ended  September 30,  2025  
    Quarter  ended  September 30,  2024  
    Nine-months  ended  September 30,  2025  
    Nine-months