Certain Common Stock of U.S. Energy Corp. are subject to a Lock-Up Agreement Ending on 17-MAY-2021. These Common Stock will be under lockup for 186 days starting from 12-NOV-2020 to 17-MAY-2021.

Details:
The company as well as the officers and directors have agreed, subject to limited exceptions, for a period of 180 days after the closing of this Offering, not to offer, sell, contract to sell, pledge, grant any option to purchase, make any short sale or otherwise dispose of, directly or indirectly any shares of common stock or any securities convertible into or exchangeable for common stock either owned as of the date of the underwriting agreement or thereafter acquired without the prior written consent of the underwriter.