Certain Common Stock of PRAP Japan, Inc. are subject to a Lock-Up Agreement Ending on 31-OCT-2022. These Common Stock will be under lockup for 90 days starting from 2-AUG-2022 to 31-OCT-2022.

Details:
In connection with the general offer, our shareholders, Ms. Yajima, Shinobu Nomura and Sayaka Yajima, will contact Okasan Securities Co., Ltd. on the 90th day from the date of delivery of the general offer, starting on the date when the issue price, etc. is determined. We have agreed not to sell our shares, etc. without the prior written consent of Okasan Securities Co., Ltd. during the period ending in (hereinafter referred to as the "lockup period").

In addition, during the lock-up period, the Company will acquire or acquire the Company's shares, securities that can be converted or exchanged for the Company's shares, or the Company's shares without the prior written consent of Okasan Securities Co., Ltd. Issuance of securities representing the right to receive, etc. (However, general offering, third-party allotment, issuance of new shares related to the share split, issuance of new shares based on the transfer-restricted share compensation system, disposal of own shares, etc. are excluded.) Is not done.

In any of the above cases, Okasan Securities Co., Ltd. has the authority to cancel part or all of the contents of the agreement at its discretion even during the lockup period.