Certain Shares of POPER Co.,Ltd. are subject to a Lock-Up Agreement Ending on 14-MAY-2023. These Shares will be under lockup for 180 days starting from 15-NOV-2022 to 14-MAY-2023.

Details:
In connection with this offering and the secondary offering by way of purchase and acceptance by the underwriters, Shingo Kurihara, the seller and lender, and the Company's shareholders, Ren Jun, Keisuke Hayashi, Zhi Peng Yao, and Surugadai Gakuen Educational Corporation, , the period from the date of conclusion of the principal underwriting agreement to the 180th day (May 13, 2023) after the listing date (including that day) (hereinafter referred to as the "lock-up period"), prior written consent of the lead managing company However, it is agreed that there will be no sale, etc. of the Company's shares (excluding the sale of the Company's shares by the underwriters and the acquisition by the lead managing company of the Company's common stock subject to the Greenshoe Option, etc.).

the seller Daiwa Venture No. 1 Investment Business Limited Liability Association, KVP Seed Innovation No. 1 Investment Business Limited Liability Association, DG Ventures Co., Ltd., Saison Ventures Co., Ltd., Daiwa Startup Support Investment Business Limited Liability Association, and the Company Nissay Capital No. 8 Investment Business Limited Liability Union, Nissay Capital No. 9 Investment Business Limited Liability Union, Nissay Capital No. 10 Investment Business Limited Liability Union, Nissay Capital No. 11 Investment Business Limited Liability Union, and Co., Ltd. Mynavi, FreeBit Investment Co., Ltd., and Masahide Katskata will assign the lead manager to the lead manager for the period from the date of conclusion of the principal underwriting contract to the 90th day (including February 12, 2023) after the listing date (including the day).