Certain Common Shares of FLECT Co., Ltd. are subject to a Lock-Up Agreement Ending on 9-MAR-2022. These Common Shares will be under lockup for 89 days starting from 10-DEC-2021 to 9-MAR-2022.

Details:
In connection with this offer and the sale of the underwriter by accepting the purchase transaction, the seller and lender, Kuro LLC, and the shareholders of the Company, Masaoki Ohashi and Koichiro Shinagawa, have signed the lead underwriting agreement with the lead managing underwriter. From to the 180th day (June 7, 2022) after the listing date (including the day), without the prior written consent of the lead managing underwriter, the sale of the Company's shares, etc. (however, the underwriter's purchase transaction will be accepted. We have agreed not to sell or acquire the common stock of the Company, which is subject to the Green Shoe Option, by the lead managing underwriter.

In addition, the sellers salesforce.com, inc. , Draper Nexus Technology Partners II, L.P., and DNX Ventures II, LLC will be listed on the lead managing underwriter from the date of signing the principal underwriting contract (including the day). ) Until the 90th day (March 9, 2022), without the prior written consent of the lead managing underwriter, the sale of the Company's common stock, etc. The lead managing underwriter acquires the Company's common stock that is subject to the above, and the selling price is 1.5 times or more the issue price or selling price in the offering, etc. We have agreed not to sell (excluding sales, etc.).

In addition, Masaoki Ohashi, Keiji Yamamoto, Masatsugu Otsuki, Kazuo Tsukakoshi, Koichi Omaru, Masakazu Takeda and 76 other employees who hold the stock acquisition rights of the Company will be listed on the lead managing underwriter from the date of signing the original underwriting agreement (on the day). after the including) 180 days ( 2022 period up to June 7, 2008), without the prior written consent of the Lead Manager, the sale of the company's common shares acquired through the exercise of the company's stock acquisition rights and stock acquisition rights We have agreed not to do so.

In addition, the Company will not give the lead managing underwriter the prior written consent of the lead managing underwriter for the period from the date of conclusion of the principal underwriting contract to the 180th day (June 7, 2022 ) after the listing date (including the day). , Issuance of common stock of the Company, issuance of securities converted or exchanged for common stock of the Company, or issuance of securities granted the right to acquire or receive common stock of the Company, etc. We have agreed not to carry out splits and issuance related to stock options.