38,355,240 Common Shares of Arizona Sonoran Copper Company Inc. are subject to a Lock-Up Agreement Ending on 15-MAY-2022. These Common Shares will be under lockup for 180 days starting from 16-NOV-2021 to 15-MAY-2022.

Details:
Common Shares are subject to a contractual lock-up of 180 days from the date of closing of the Offering, with certain exceptions and carveouts. In addition, Common Shares are subject to a contractual lock-up of 120 days from the date of closing of the Offering, releasable pursuant to the following waterfall, subject to certain additional conditions: (i) 25% during the period from Closing to a date that is 30 calendar days after Closing, (ii) a further 25% during the period that is 31 calendar days from Closing to the date that is 90 calendar days after Closing, (iii) a further 25% during the period that is 91 calendar days from Closing to the date that is 120 calendar days from Closing, and (iv) the final 25% 121 calendar days after Closing.