Certain Common Stock of arara inc. are subject to a Lock-Up Agreement Ending on 16-FEB-2021. These Common Stock will be under lockup for 89 days starting from 19-NOV-2020 to 16-FEB-2021. Details: The shareholders, Yosuke Iwai, a lender and seller, Hiroki Inoue and Shigeki Takegana, shareholders and officers, IWAI GROUP PTE. LTD., a shareholder of the Company, and Tetsuyuki Kato, Masaharu Inoue and Nobukuni Taneya, Daiwa Venture No. 1 Investment Limited Partnership, EEI Clean Tech Investment Limited Partnership, the seller, and Liveio Co., Ltd., a shareholder of the Company, DoCoMo Innovation Fund Investment Business Association, DENSO WAVE Incorporated, Warehouse TERRADA, AXIS HUMAN MANAGEMENT INTERENTIONAL PTE. LTD. ,Masahiro Kashima, Masato Nakanishi, e-communications Inc., CHAN WEI SIANG, Techno Science Co., Ltd., Cafe Company Co., Ltd., Tetsuya Matsuoka, Sherwin Faden, Satoshi Tako, Morio Inoue, Suneight Investment Co., Ltd., RBS voluntary union, Shiro Shimada, Kazuya Motooka, GK BEAR, Cloudpoint Co., Ltd. Isotoyo, Michiyu Sugie, Yasuhisa Maru this morning, Takeshi Saito,Hyuga Nodake, Kyoen Co., Ltd., Yoko Inoue, Tsunefumi Tojo, Koichi Morimoto, Hiroshi Furukawa, Shigeru Takagi, Hideki Kamiya, Makoto Hirayama, Megumi Yamada, Shigeki Torii, and 47 other shareholders, and Nobuyoshi Ishiko, Shigeru Nakamura, Teppei Tsuge, Yoko Bando have agreed not to dispose off any shares, excluding sale shares, for 90 days from the listing date, until February 16, 2021.