2,136,450 Common Shares of Phivida Holdings Inc. are subject to a Lock-Up Agreement Ending on 19-JUN-2020. These Common Shares will be under lockup for 914 days starting from 18-DEC-2017 to 19-JUN-2020. Details: An aggregate of 11,393,000 shares held by the principal shareholders and 2,850,000 shares held by the non-principal shareholders will be held under escrow; wherein original number of escrowed shares may be released as to 10% of the number of escrowed shares on the listing date, 1/6 of the remaining escrowed shares 6 months after the listing date, 1/5 of the remaining escrowed shares 12 months after listing date, 1/4 of the remaining escrowed shares 18 months after listing date, 1/3 of the remaining escrowed shares 24 months after listing date, 1/2 of the remaining escrowed shares 30 months after listing date, and the remaining escrowed shares 36 months after the listing date.