27,000,000 Ordinary Shares of Pantera Minerals Limited are subject to a Lock-Up Agreement Ending on 6-AUG-2023. These Ordinary Shares will be under lockup for 733 days starting from 3-AUG-2021 to 6-AUG-2023.

Details:
Subject to the Company being admitted to the Official List and completing the Offer, certain Shares will be classified by ASX as restricted securities and will be required to be held in escrow for up to 24 months from the date of Official Quotation. During the period in which these Shares are prohibited from being transferred, trading in Shares may be less liquid which may impact on the ability of a Shareholder to dispose of his or her Shares in a timely manner.

27,000,000 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until August 5, 2023, being 24 months from the date of commencement of Official Quotation.

3,500,000 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until March 27, 2022, being 12 months from the date of issue.

500,000 options exercisable at AUD 0.25 on or before May 1, 2026, classified by ASX as restricted securities and to be held in escrow until March 29, 2022, being 12 months from the date of issue.

1,000,000 options exercisable at AUD 0.25 on or before May 1, 2026, classified by ASX as restricted securities and to be held in escrow until June 18, 2022, being 12 months from the date of issue.

30,000,000 options exercisable at AUD 0.25 on or before May 1, 2026, classified by ASX as restricted securities and to be held in escrow until August 5, 2023, being 24 months from the date of commencement of Official Quotation.

6,750,000 performance shares classified by ASX as restricted securities and to be held in escrow until August 5, 2023, being 24 months from the date of commencement of Official Quotation.