8,360,000 Options of Leo Lithium Limited are subject to a Lock-Up Agreement Ending on 21-JUN-2024. These Options will be under lockup for 731 days starting from 21-JUN-2022 to 21-JUN-2024.

Details:
210,941,543 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until 23 June 2024, being 24 months from the date of Quotation.

8,360,000 options expiring 16 June 2025, exercisable at the higher of 30% premium to the 20 day volume weighted average price (VWAP) of LLL shares, commencing on the date of quotation of shares on ASX or $0.20, subject to vesting conditions as described at Attachment D and E of the Replacement Prospectus, classified by ASX as restricted securities and to be held in escrow until 23 June 2024, being 24 months from the date of Quotation.