Certain Warrants of Asset Entities Inc. are subject to a Lock-Up Agreement Ending on 3-NOV-2023. These Warrants will be under lockup for 274 days starting from 2-FEB-2023 to 3-NOV-2023.

Details:
The officers, directors and holders of 87.7% of outstanding common stock have agreed to be locked up for a period of 12 months from the date on which the trading of Class B Common Stock commences. Holders of 7.5% of outstanding common stock have agreed to be locked up for a period of nine months from the date on which the trading of Class B Common Stock commences. A holder of 2.4% of outstanding common stock prior to this offering has agreed to be locked up for a period of six months from the date on which the trading of Class B Common Stock commences with respect to 1.4% of the outstanding common stock held by such holder, subject to certain exceptions, with the remaining 1.0% held by such holder not being subject to any contractual lock-up. During the lock-up period, without the prior written consent of the representative, they shall not, directly or indirectly, (i) offer, pledge, assign, encumber, announce the intention to sell, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, any shares of common stock or any securities convertible into or exercisable or exchangeable for common stock, owned either of record or beneficially by any signatory of the lock-up agreement on the date of the prospectus or thereafter acquired; (ii) enter into any swap or other agreement that transfers, in whole or in part, any of the economic consequences of ownership of the common stock or any securities convertible into or exercisable or exchangeable for common stock, whether any such transaction described in clauses (i) or (ii) above is to be settled by delivery of common stock or such other securities, in cash or otherwise, or publicly announce an intention to do any of the foregoing; and (iii) make any demand for or exercise any right with respect to, the registration of any shares of common stock or any security convertible into or exercisable or exchangeable for common stock. In addition, holders of the remaining 2.4% of outstanding common stock prior to this offering have agreed to be locked up until 365 days after the date on which the trading of common stock commences, subject to the certain exceptions.