Certain Warrants of FansUnite Entertainment Inc. are subject to a Lock-Up Agreement Ending on 14-OCT-2021. These Warrants will be under lockup for 91 days starting from 15-JUL-2021 to 14-OCT-2021.

Details:
As a condition to the closing of the Offering, each director and officer of the Company shall have executed and delivered to the Co-Lead Agents a customary lock-up agreement (the “Lock-up Agreement”), pursuant to which such party will have agreed, subject to customary carve-outs and exceptions, not to offer, sell, contract to sell, grant or sell any option to purchase, purchase any option or contract to sell, hypothecate, pledge, transfer, assign, lend, swap, or enter into any other agreement to transfer the economic consequences of, or otherwise dispose of or deal with (or agree to or publicly announce any intention to do any of the foregoing) whether through the facilities of a stock exchange, by private placement or otherwise any common shares of the Company (or any securities issuable in exchange therefor) or other securities of the Company convertible into, exchangeable for or exercisable to acquire common shares of the Company, directly or indirectly, for a period of ninety (90) days after the Closing Date.