1,350,000 Warrants of Hybrid Power Solutions Inc. are subject to a Lock-Up Agreement Ending on 4-JUN-2024. These Warrants will be under lockup for 186 days starting from 1-DEC-2023 to 4-JUN-2024.

Details:
An aggregate of 23,124,795 Common shares and 9,000,000 Management performance warrants will be held under escrow and released in a 10% release on the listing date (as defined by NP 46-201), with the remaining escrow securities being released in 15% tranches every 6 months thereafter.