Certain Common Shares of EV Nickel Inc. are subject to a Lock-Up Agreement Ending on 5-JUN-2023. These Common Shares will be under lockup for 550 days starting from 2-DEC-2021 to 5-JUN-2023.

Details:
The principals of the company has agreed not to sell shares, where 1/10 of the escrow securities will be locked up on the listing date, 1/6 of the remaining escrow securities , 1/5 of the remaining escrow securities , 1/4 of the remaining escrow securities, 1/3 of the remaining escrow securities, 1/2 of the remaining escrow securities and The remaining escrow securities will be held under escrow for 6, 12, 18, 24, 30 and 36 months respectively. ssCommon Shares and Warrants held by shareholders are subject to TSXV seed share resale restrictions and will be deposited into a value security agreement entered into among holders of the SSRR Securities, the Company, and the Escrow Agent. 1/4 of the SSSR Securities will be subject to release On the listing date, 1/4 of the SSSR Securities will be subject to release on the date that is 6 months following the listing date, 1/4 of the SSSR Securities will be subject to release On the date that is 12 months following the listing date and 1/4 of the SSSR Securities will be subject to release On the date that is 18 months following the listing date.