Certain Common Stock of Recovery International Co.,Ltd. are subject to a Lock-Up Agreement Ending on 1-AUG-2022. These Common Stock will be under lockup for 179 days starting from 3-FEB-2022 to 1-AUG-2022.

Details:
Shun Okawara, the seller and the lender, Junya Shibata, the seller and the stock acquisition right holder, and 5is Networks Co., Ltd., a shareholder of the Company, agreed not to sell the Company's shares during the period from the conclusion of the principal underwriting contract to August 1, 2022 , which is the 180th day after the listing (starting of trading) date (including the day) without prior written consent of the lead managing company.

In addition, the sellers , NVCC No. 7 Investment Limited partnership and Nissay Capital No. 6 Investment Limited Partnership, have agreed not to sell company shares (excluding sales made through the lead managing underwriter, which is more than 1.5 times the “1 Recruitment Guidelines”) from the date of signing the principal underwriting agreement until May 3, 2022 , which is the 90th day after the listing date (including the day) without the prior written consent of the lead managing underwriter.