776,250 Class B Shares of VM Hotel Acquisition Corp. are subject to a Lock-Up Agreement Ending on 29-AUG-2022. These Class B Shares will be under lockup for 546 days starting from 1-MAR-2021 to 29-AUG-2022.

Details:
Under the escrow agreement 1/10 of the founding securities of the number of Escrow Shares held there under will be released on the closing date of the qualifying transaction that the Common Shares are listed and posted for trading on the Exchange, and an additional 1/3, 1/2 and the remaining founding securities of the number of securities will be released on each of the dates which are 6, 12 and 18 months respectively from such date.