Certain Ordinary Shares of BOE Varitronix Limited are subject to a Lock-Up Agreement Ending on 8-DEC-2022. These Ordinary Shares will be under lockup for 90 days starting from 9-SEP-2022 to 8-DEC-2022.

Details:
The Company has undertaken to the Placing Agent that for a period beginning on the date of the Placing Agreement and ending on the date which is 90 days after the closing date of the Placing, the Company shall not, without the prior written consent of the Placing Agent (i) effect or arrange or procure placement of, allot or issue or offer to allot or issue or grant any option, right or warrant to subscribe for, or enter into any transaction which is designed to, or might reasonably be expected to, result in any of the aforesaid (whether by actual disposition or effective economic disposition due to cash settlement or otherwise), directly or indirectly, any equity securities of the Company or any securities convertible into, or exercisable, or exchangeable for, equity securities of the Company, or (ii) enter into any swap or similar agreement that transfers, in whole or in part, the economic risk of ownership of the Shares, whether any such transaction described in (i) or (ii) above is to be settled by delivery of the Shares or such other securities, in cash or otherwise, or (iii) publicly announce an intention to effect any such transaction