Certain Voting Common Stock of Midwest Holding Inc. are subject to a Lock-Up Agreement Ending on 15-JUN-2021. These Voting Common Stock will be under lockup for 181 days starting from 16-DEC-2020 to 15-JUN-2021. Details: The directors and executive officers have agreed they will not, subject to certain exceptions offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, any shares of capital stock or any securities convertible into, or exercisable or exchangeable for such capital stock, or publicly announce an intention to effect any such transaction, whether any transaction is to be settled by delivery of its common stock or such other securities, in cash or otherwise during the period 180 days following the date of this prospectus without the prior written consent of Piper Sandler & Co.