Certain Restricted Stock Units of Phunware, Inc. are subject to a Lock-Up Agreement Ending on 5-FEB-2024. These Restricted Stock Units will be under lockup for 60 days starting from 7-DEC-2023 to 5-FEB-2024.

Details:
The officers and directors have agreed, for a period of 60 days after the closing of this offering, subject to certain exceptions, not to offer, sell, contract to sell, encumber, grant any option for the sale of or otherwise dispose of any shares of our Common Stock or other securities convertible into or exercisable or exchangeable for shares of our Common Stock without the prior written consent of the placement agent.