Certain Ordinary Shares of Actelis Networks, Inc. are subject to a Lock-Up Agreement Ending on 13-NOV-2022. These Ordinary Shares will be under lockup for 185 days starting from 12-MAY-2022 to 13-NOV-2022.

Details:
Executive officers, directors following this offering and other security holder(s) of five percent (5%) or more have agreed not to offer, sell, agree to sell, directly or indirectly, or otherwise dispose of any shares of our common stock for a period of twelve (12) months following the closing of this offering, subject to certain exceptions, or the Lock -Up Period. For all of our other security holders, the Lock -Up period will be six (6) months following the closing of this offering.