31,500,000 Ordinary Shares of IPS Securex Holdings Limited are subject to a Lock-Up Agreement Ending on 30-JUN-2015. These Ordinary Shares will be under lockup for 368 days starting from 27-JUN-2014 to 30-JUN-2015.

Details:
IPS Technologies Pte. Ltd., the controlling shareholder, Kelvin Lim, Executive Director and Chief Executive Officer and Ong Chin Hin, Non-Executive Director holding an aggregate of 63,000,000 shares have agreed not to directly or indirectly, sell, contract to sell, offer, realize, transfer, assign, pledge, grant any option to purchase, grant any security over, encumber or otherwise dispose of, any part of their respective shareholdings in the share capital for a period of six months from the date of admission and to not reduce their shareholdings below 50% of their original shareholding for a further six months.