Certain Ordinary Shares of Cherry AG are subject to a Lock-Up Agreement Ending on 30-DEC-2022. These Ordinary Shares will be under lockup for 555 days starting from 23-JUN-2021 to 30-DEC-2022.

Details:
In the Underwriting Agreement, the Selling Shareholder has undertaken not to, without the prior written consent of he Sole Global Coordinator (such consent not to be unreasonably withheld or delayed), for a period of 180 days following the first day of trading of the Company's shares on the Frankfurt Stock Exchange (Frankfurter ertpapierbörse) (expected to take place on June 29, 2021): a) offer, pledge, allot, sell, contract to sell, sell any option or contract to purchase, purchase any option to sell, rant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any hares of the Company, or any other member of the Cherry Group, or any other securities of the Company, or any other member of the Cherry Group, including securities convertible into or exercisable or xchangeable for shares of the Company, or any other member of the Cherry Group; b) enter into any swap or other arrangement that transfers to another, in whole or in part, the economic risk of wnership of shares of the Company, whether any such transaction described in clause (a) above or this lause (b) is to be settled by delivery of shares of the Company or such other securities, in cash or therwise; c) make any demand for, or exercise any right with respect to, the registration under U.S. securities laws of ny shares of the Company or any security convertible into or exercisable or exchangeable for shares of the ompany or any derivatives thereon; d) propose any increase in the share capital of the Company, vote in favor of such a proposed increase or therwise support any proposal for the issuance of any securities convertible into shares of the Company, ith option rights for shares of the Company; or e) enter into a transaction or perform any action economically similar to those described in (a) through (d) bove,

The members of the Management Board have committed in connection with the Underwriting Agreement (also on behalf of their respective private investment vehicles) to a lock-up period of 18 months following the first day of trading of the Company's shares on the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) (expected to take place on or about June 29, 2021). During such lock-up period, the members of the Management Board may not sell any of their remaining (indirect) equity holdings or enter into certain other transactions that are economically similar to a sale.