Certain Warrants of Lucy Scientific Discovery Inc. are subject to a Lock-Up Agreement Ending on 7-AUG-2023. These Warrants will be under lockup for 180 days starting from 8-FEB-2023 to 7-AUG-2023.

Details:
All of the company?s directors and executive officers and holders of 5% or more capital stock will enter into lock -up agreements that prevent them from selling any common shares or any securities convertible into or exercisable or exchangeable for shares of common shares, subject to certain exceptions, for a period of not less than 180 days from the date of this prospectus without the prior written consent of the Company and EF Hutton, as representative of the underwriters. The representative may in its sole discretion and at any time without notice release some or all of the shares subject to lock -up agreements prior to the expiration of the lock -up period. When determining whether or not to release shares from the lock -up agreements, the representative will consider, among other factors, the stockholder?s reasons for requesting the release, the number of shares for which the release is being requested and market conditions at the time.