Certain Options of cbdMD, Inc. are subject to a Lock-Up Agreement Ending on 30-JUL-2023. These Options will be under lockup for 91 days starting from 30-APR-2023 to 30-JUL-2023.

Officers and directors have agreed, subject to limited exceptions, for a period of 90 days after the closing of this offering, not to offer, sell, contract to sell, pledge, grant any option to purchase, make any short sale or otherwise dispose of, directly or indirectly any shares of common stock or any securities convertible into or exchangeable for common stock either owned as of the date of the underwriting agreement or thereafter acquired without the prior written consent of the representative.