Certain Common Stock of BALMUDA Inc. are subject to a Lock-Up Agreement Ending on 13-JUN-2021. These Common Stock will be under lockup for 179 days starting from 16-DEC-2020 to 13-JUN-2021. Details: Gen Terao, a seller and lender, and Limotech Korea Co., Ltd., Mitsuba Corporation and Beniya Co., Ltd., which are its shareholders, have agreed with the lead managing underwriter that during the period from the conclusion of the original underwriting contract to the 180th day after the listing date (June 13, 2021), they will not sell its common stock (However, this excludes the sale of the underwriter's purchase transaction and the lending of the Company's common stock for sale by over-allotment.) without the prior written consent of the lead managing underwriter.