Certain Ordinary Shares of Turbo Energy, S.A. are subject to a Lock-Up Agreement Ending on 22-MAR-2024. These Ordinary Shares will be under lockup for 183 days starting from 21-SEP-2023 to 22-MAR-2024.

Details:
Its directors and officers and 5% or greater shareholders have agreed with the underwriters, subject to certain exceptions, not to sell, transfer or dispose of, directly or indirectly, any of ADSs or ordinary shares or securities convertible into or exercisable or exchangeable for ordinary shares for a period of twelve months from the date on which the trading of ordinary shares commences. Holders of 1% of its ordinary have agreed to be locked up for a period of six months from the date on which the trading of ordinary shares commences provided that if the aggregate of such holders shares were to equal or exceed 20% of issued and outstanding shares on a fully diluted basis prior to the completing of this offering, then their lock up period shall be for twelve months from the date of trading of ordinary shares commences.