Certain Promissory Notes of Guardforce AI Co., Limited are subject to a Lock-Up Agreement Ending on 30-OCT-2023. These Promissory Notes will be under lockup for 181 days starting from 2-MAY-2023 to 30-OCT-2023.

Details:
The company's officers and directors, and certain 5% shareholders, have agreed, subject to limited exceptions, for a period of 180 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 Ordinary Shares or any securities convertible into or exchangeable for their Ordinary Shares either owned as of the date of the underwriting agreement or thereafter acquired without the prior written consent of the representatives, subject to certain exceptions.