Certain Equity Shares of Max Healthcare Institute Limited are subject to a Lock-Up Agreement Ending on 7-JUN-2021. These Equity Shares will be under lockup for 90 days starting from 9-MAR-2021 to 7-JUN-2021. Details: Certain of our Promoters, Abhay Soi and Kayak have severally agreed that, without the prior written consent of the Book Running Lead Managers, they shall not, and shall procure that no member of their respective faction of the promoter group of the Company (collectively “Promoter Group”) shall, during the period commencing on the date hereof and ending 90 (ninety) days from the date of this Placement Document (both dates inclusive) (“Lock-up Period”), directly or indirectly: (1) offer, issue, pledge, sell, encumber, contract to sell or announce the intention to sell, lend, purchase any option or contract to sell, grant or sell any option, right, contract or warrant to purchase, lend, make any short sale or otherwise transfer or dispose of any Equity Shares held by them; (2) enter into any swap or other agreement or any transaction that transfers, in whole or in part, directly or indirectly, the economic consequences of ownership of the Equity Shares held by them, whether any such transaction described in clause (1) or (2) above is to be settled by delivery of such Equity Shares, in cash or otherwise; (3) enter into any transaction (including a transaction involving derivatives) having an economic effect similar to that of an issue, offer, sale or deposit of the Equity Shares held by them in any depository receipt facility