Certain Warrants of Adamas One Corp. are subject to a Lock-Up Agreement Ending on 7-MAR-2023. These Warrants will be under lockup for 91 days starting from 6-DEC-2022 to 7-MAR-2023.

Details:
The company's directors and executive officers have entered into lock-up agreements with the underwriters or otherwise agreed, subject to certain exceptions, that they will not for a period of 180 days commencing on the closing date of this offering directly or indirectly, (i) offer, sell, agree to offer or sell, solicit offers to purchase, grant any call option or purchase any put option with respect to, pledge, encumber, assign, borrow, or otherwise dispose of, each being a Transfer, any Relevant Security or otherwise publicly disclose the intention to do so, or (ii) establish or increase any “put equivalent position” or liquidate or decrease any “call equivalent position” with respect to any Relevant Security or otherwise enter into any swap, derivative, or other transaction or arrangement that Transfers to another, in whole or in part, any economic consequence of ownership of a Relevant Security, whether or not such transaction is to be settled by the delivery of Relevant Securities, other securities, cash, or other consideration, or otherwise publicly disclose the intention to do so.