Certain Ordinary Shares of POVAL KOGYO Co., Ltd. are subject to a Lock-Up Agreement Ending on 6-SEP-2022. These Ordinary Shares will be under lockup for 180 days starting from 10-MAR-2022 to 6-SEP-2022.
Details:
In connection with the underwriting of the underwriter's purchase transaction, the seller, KAY Co., Ltd., and the shareholders of the Company, Takao Kanda and Takatoshi Matsui, told Tokai Tokyo Securities Co., Ltd. During the period ending on the 360th day from the delivery date of the sale by underwriting, the sale of the Company's common stock, without the prior written consent of Tokai Tokyo Securities Co., Ltd. We have agreed not to carry out sales, etc. by underwriting.
Kumiko Kanda, the seller and lender, Aki Kanda and Yuka Kanda, the sellers, and Osamu Kuroyanagi, a shareholder of the Company, will be the underwriters of Tokai Tokyo Securities Co., Ltd. During the period ending on the 180th day from the delivery date of the sale by receiving the purchase transaction of Tokai Tokyo Securities Co., Ltd., the sale of the Company's common stock.
The Company will provide Tokai Tokyo Securities Co., Ltd. with Tokai Tokyo Securities Co., Ltd. during the period starting on the day when the sale price, etc. is determined and ending on the 180th day from the delivery date of the sale by the underwriter's purchase transaction. Issuance of the Company's common stock, issuance of securities converted or exchanged for the Company's common stock, or issuance of securities entitled to acquire or receive the Company's common stock, etc. without the prior written consent of the company.
In any of the above cases, Tokai Tokyo Securities Co., Ltd. has the authority to cancel part or all of the contents of the agreement at its discretion.