Certain Common Stock of Headwaters Co.,Ltd are subject to a Lock-Up Agreement Ending on 27-MAR-2021. These Common Stock will be under lockup for 179 days starting from 29-SEP-2020 to 27-MAR-2021. Details: PRIMEROCK No.2 Investment Business Limited Liability Union, PRIMEROCK No. 1 Investment have Limited Partnership, VECTOR Inc., Triple One Investment Business Union, IBJ, Inc., ROBOT PAYMENT INC., Aucfan Co., Ltd. and Kiyohiro Sugashita agreed with the lead managing company that during the period from December 27, 2020, which is the 90th day from the date of signing the original underwriting contract to the day of listing (starting trading) (including the day), without the prior written consent of the lead managing company, they will not to sell shares. Yosuke Shinoda, the stock lender, and CHANGE Inc., BC Holdings Co., Ltd. and AMBITION CORPORATION, the shareholders, have agreed with the lead managing company that during the period from the date of signing the original underwriting contract to the date of listing (starting trading) 180th day until March 27, 2021, they will not sell stock without the prior written consent of the lead managing company.