205,000,000 Ordinary Shares of Southern Alliance Mining Ltd. are subject to a Lock-Up Agreement Ending on 26-JUN-2022. These Ordinary Shares will be under lockup for 731 days starting from 25-JUN-2020 to 26-JUN-2022.
Details:
DatoÆ Sri Pek, DatoÆ Teh, DatoÆ Lee and Mr. Lim have agreed not to sell, contract to sell, offer, realise, transfer, assign, pledge, grant any option or right to purchase, sell any option or contract to purchase, purchase any option or contract to sell, grant any security over, encumber or otherwise transfer or dispose of any or all of their shares for a period of 24 months from the date of admission to Catalist.
In addition, they have further agreed to comply with the restrictions in respect of 50.0% of their moratorium shares during the period commencing from the day immediately following the first moratorium period until the day falling 36 months after the date of admission to Catalist.