40,800,678 Ordinary Shares of Audeara Limited are subject to a Lock-Up Agreement Ending on 18-MAY-2023. These Ordinary Shares will be under lockup for 734 days starting from 14-MAY-2021 to 18-MAY-2023.

Details:
The Company states that upon Listing, 40,800,678 Shares and 2,000,000 Options will be classified as restricted securities and will be required to be held in escrow for up to 24 months and will not be able to be sold, mortgaged, pledged, assigned or transferred for that period without the prior approval of ASX. Some shares will be restricted for a period of 12 months from the date of issue.