Certain Common Stock of Betrend Corporation are subject to a Lock-Up Agreement Ending on 14-JUN-2021. These Common Stock will be under lockup for 179 days starting from 17-DEC-2020 to 14-JUN-2021.

Details:
Hideaki Inoue, the seller and lender, Takaaki Nagayama, the seller, and Masataka Hirakawa, Mizuki Sawada, and Susumu Taniuchi, the shareholders of the Company, have agreed not to sell shares, during the period from the conclusion of the original underwriting contract to June 14, 2021, which is the 180th day after the listing (start of trading) date (including the day), without the prior written consent of the lead managing underwriter.

FUJIFILM Corporation, the seller, will contact the lead managing underwriter during the period from the date of conclusion of the principal underwriting contract to March 16, 2021, which is the 90th day after the listing (starting of trading) date (including the day). They have agreed that they will not sell shares (excluding sales by underwriters' purchase transactions) without the prior written consent of the lead managing underwriter.

In addition, the Company will inform the lead managing underwriter in advance of the lead managing underwriter during the period from the conclusion of the principal underwriting contract to June 14, 2021, which is the 180th day after the listing (trading start) date (including the day), without the consent in writing, the issuance of the Company's common stock, issued or securities has been granted the right to acquire or receive the Company's shares of the securities to be converted or exchanged for the Company's common stock issuance of tickets.

In any of the above cases, the lead managing underwriter has the authority 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.