469,001 Common Shares of Nepra Foods Inc. are subject to a Lock-Up Agreement Ending on 20-MAR-2024. These Common Shares will be under lockup for 912 days starting from 20-SEP-2021 to 20-MAR-2024.

Details:
An aggregate of 3,126,675 common shares, 191,623.63 Proportionate Voting Shares, will be held under escrow, such that 10% of the securities will be released from escrow on the listing date and thereafter 15% securities will be released every 6 months over a 36-month period.

Each of the Company?s officers, directors, and certain shareholders holding ten percent (10%) or more of the Common Shares, or other securities of the Company convertible into, exchangeable for or exercisable to acquire, ten percent (10%) or more of the Common Shares (collectively, the ?Locked-Up Persons?) have agreed that they will not, for a period commencing on the closing of the Offering and ending one hundred eighty days (180) from the Listing Date, directly or indirectly, offer, sell, contract to sell, grant or sell any option to purchase, purchase any option or contract to sell, hypothecate, pledge, transfer, assign, lend, swap, or enter into any other agreement to transfer the economic consequences of, or otherwise dispose of or deal with (or agree to or publicly announce any intention to do any of the foregoing) whether through the facilities of a stock exchange, by private placement or otherwise, any Common Shares or other securities of the Company convertible into, exchangeable for or exercisable to acquire, Common Shares.