Certain Common Stock of THECOO Inc. are subject to a Lock-Up Agreement Ending on 19-JUN-2022. These Common Stock will be under lockup for 179 days starting from 22-DEC-2021 to 19-JUN-2022.

Details:
The sellers Takaki Kokubun, Kimiya Takei, Junichi Hoshikawa and Kensaku Nakayama will be listed on the joint lead managing underwriter from the date of the conclusion of the original underwriting agreement in connection with the offering and the sale by the underwriter. During the period until March 21, 2022, which is the 90th day after the (start of trading) date (including that day), the Company's common stock will be sold (but underwritten) without the prior written consent of the co-lead managing underwriter.

In addition, the sellers YJ2 Investment Partnership, NVCC Investment Limited Partnership No. 8, NVCC Investment Limited Partnership No. 7 and D4V1 Investment Limited Partnership will contact the joint lead underwriter from the date of signing the original underwriting contract. During the period until June 19, 2022, which is the 180th day after the listing (start of trading) date (including the day), the Company's common stock will be sold (however, without the prior written consent of the co-lead managing underwriter). The Tokyo Stock Exchange conducts through Mizuho Securities Co., Ltd. after the underwriter's purchase transaction is sold and the selling price is 1.5 times or more the issue price in the "1st Offering Guidelines" and the initial price on the Tokyo Stock Exchange is formed.

In any of the above cases, the co-lead manager has the right to cancel part or all of the contents of the agreement at its discretion even during the above 90-day or 180-day lockup period.

In addition, the lender High and Dry Co., Ltd. and the sellers Masato Taira, Toshimichi Nozawa, Tetsuya Takei, Hiroki Shimokawa, and our shareholders HS Asset Management Co., Ltd., DX Ventures Co., Ltd., Masaki Yoshida Co., Ltd. The office and Shigeki Mori will be the joint lead underwriters during the period from the conclusion of the original underwriting agreement to June 19, 2022, which is the 180th day after the listing (starting of trading) date (including the day). Without the prior written consent of the managing underwriter, the Company's common stock will be sold (excluding the sale of the Company's common stock for sale by the underwriter's purchase transaction and the sale by over-allotment), etc.