Certain Stock options of Biofrontera Inc. are subject to a Lock-Up Agreement Ending on 1-FEB-2024. These Stock options will be under lockup for 91 days starting from 2-NOV-2023 to 1-FEB-2024.

Details:
The Company executive officers and directors have agreed with the Placement Agent not to directly or indirectly sell, offer, contract or grant any option to sell, pledge, transfer (excluding intra-family transfers, transfers to a trust for estate planning purposes or to beneficiaries of officers, directors and shareholders upon their death), or otherwise dispose of or enter into any transaction which may result in the disposition of any common stock or securities convertible into, exchangeable or exercisable for any common stock, without the prior written consent of the placement agent, for a period of 90 days after the closing date of this offering.