1,378,359 Ordinary Shares of Conrad Asia Energy Ltd. are subject to a Lock-Up Agreement Ending on 20-OCT-2023. These Ordinary Shares will be under lockup for 364 days starting from 21-OCT-2022 to 20-OCT-2023.

Details:
61,190,517 fully paid ordinary shares (equivalent to 61,190,517 CDIs) classified by ASX as restricted securities and to be held in escrow until October 27, 2024 being 24 months from the date of commencement of Quotation.

1,378,359 fully paid ordinary shares (equivalent to 1,378,359 CDIs) classified by ASX as restricted securities and to be held in escrow until October 20, 2023 being for 12 months from the date of issue.

5,634,215 warrants (equivalent to 5,634,215 CDIs upon exercise) , classified by ASX as restricted securities and to be held in escrow until October 27, 2024 being 24 months from the date of Quotation comprising: ? 3,163,352 Loan Warrants exercisable at $0.81 on or before 14 June 2026, ? 390,863 SAFE Warrants exercisable at $1.22 on or before 20 October 2024 and ? 2,080,000 Options exercisable at $0.81 on or before 25 September 2027.

2,686,079 SAFE warrants (equivalent to 2,686,079 CDIs upon exercise), exercisable at $1.22 on or before 20 October 2024 classified by ASX as restricted securities and to be held in escrow until October 20, 2023 being 12 months from the date of issue.

3,444,616 nil exercise price share rights (equivalent to 3,444,616 CDIs upon exercise) on or before 25 September 2027, classified by ASX as restricted securities and to be held in escrow until October 27, 2024 being 24 months from the date of Quotation.