Certain Warrants of Agrify Corporation are subject to a Lock-Up Agreement Ending on 27-JUL-2021. These Warrants will be under lockup for 181 days starting from 27-JAN-2021 to 27-JUL-2021.

Details:
The directors, officers and holders of 1% or more of the outstanding shares of common stock of the company as of the effective date of the registration statement related to this offering and all holders of securities exercisable for or convertible into shares of common stock, shall enter into customary “lock-up” agreements in favor of Maxim pursuant to which such persons and entities shall agree, for a period of 180 days after the effective date of the registration statement related to this offering, that they shall neither offer, issue, sell, contract to sell, encumber, grant any option for the sale of or otherwise dispose of any of securities without Maxim's prior written consent, including the issuance of shares of common stock upon the exercise of currently outstanding convertible securities.