Certain Common Stock of IMAGE MAGIC Inc. are subject to a Lock-Up Agreement Ending on 29-AUG-2022. These Common Stock will be under lockup for 179 days starting from 3-MAR-2022 to 29-AUG-2022.

Details:
Makoto Yamakawa, the seller and lender, Japan Creation Group Co., Ltd., Satoshi Kyoda, Hiroshi Bono, and the shareholder of the Company, Letterpress Printing Co., Ltd. , Transaction Co., Ltd., Cab Co., Ltd., Poly Tape Japan Co., Ltd., Plus One International Co., Ltd., AM Co., Ltd., Azur Co., Ltd., Masamichi Kotano, Mitsuru Ozaki, Ryoji Shimazaki, Yoshihiro Tanaka, Akira Kawada and Toshiro Ohno Is written to the lead managing underwriter in advance during the period from the date of conclusion of the principal underwriting contract to August 29, 2022, which is the 180th day after the listing (starting of trading) date (including the day). Without consent, we have agreed not to sell our shares (excluding selling by underwriter's purchase transaction, lending our common stock for sale by over-allotment, etc.).

In addition, MSIVC2008V Investment Limited Partnership, which is the seller, and NTT Finance Co., Ltd., which is a shareholder of the Company, will contact the lead managing underwriter 90 days after the listing (starting trading) date (including the day) from the date of concluding the principal underwriting contract. During the period until May 31, 2022, the sale of the Company's shares (however, the sale by the underwriter's purchase transaction and its sale price shall be the "1st Offering Guidelines" without the prior written consent of the lead managing underwriter. It is agreed that we will not sell the shares at the Tokyo Stock Exchange through the lead managing underwriter after the initial price is formed at the Tokyo Stock Exchange, which is more than 1.5 times the issue price in.

In addition, the Company will inform the lead managing underwriter in advance of the lead managing underwriter during the period from the conclusion of the principal underwriting contract to August 29, 2022, which is the 180th day after the listing (starting trading) date (including the day). Issuance of Company shares, issuance of securities converted or exchanged for Company shares, or issuance of securities entitled to acquire or receive Company shares (however, this offer, share split) without the written consent of Excludes third-party allotment of shares to the lead managing underwriter, which was resolved at the Board of Directors of the Company held on January 25, 2022, in connection with the issuance of stock acquisition rights as a stock option and the sale by over-allotment. .) Etc. have been agreed not to be carried out.

In any of the above cases, the lead managing underwriter has the authority to cancel part or all of the contents of the agreement at its discretion even during the above 90-day or 180-day lockup period. increase.