Certain Warrants of Locafy Limited are subject to a Lock-Up Agreement Ending on 21-SEP-2022. These Warrants will be under lockup for 180 days starting from 25-MAR-2022 to 21-SEP-2022.

Details:
The company's officers, directors and principal shareholders have agreed with the representative of the underwriters to be subject to a lock-up period of 180 days following the date of this prospectus. This means that, during the applicable lock-up period, such persons may not offer for sale, contract to sell, sell, distribute, grant any option, right or warrant to purchase, pledge, hypothecate or otherwise dispose of, directly or indirectly, any ordinary shares or any securities convertible into, or exercisable or exchangeable for, ordinary shares, subject to certain customary exceptions. The company has also agreed, in the underwriting agreement, to similar lock-up restrictions on the issuance and sale of securities for 180 days following the closing of this offering, subject to certain customary exceptions, and a restriction on the issuance of variable priced securities until the warrants issued in this offering are no longer outstanding, subject to an exception, without the consent of the representative. The representative of the underwriters may, in its sole discretion and without notice, waive the terms of any of these lock-up agreements.