80,288 Restricted Share Unit of Mayo Lake Minerals Inc. are subject to a Lock-Up Agreement Ending on 15-MAR-2024. These Restricted Share Unit will be under lockup for 731 days starting from 15-MAR-2022 to 15-MAR-2024.

Details:
Pursuant to the terms of the Escrow Agreement, each of the Escrow Holders has agreed that until three years after the Listing Date, such Escrow Holder will not transfer or otherwise dispose of such Escrow Holder's Escrowed Securities during the term of the Escrow Agreement, except that, the following automatic timed releases will apply to such Escrowed Securities: On the Listing Date 1/10 of the remaining - Escrowed Securities; 6 months after the Listing Date - 1/6 of the remaining Escrowed Securities; 12 months after the Listing Date -1/5 of the remaining Escrowed Securities; 18 months after the Listing Date - 1/4 of the remaining Escrowed Securities; 24 months after the Listing Date - 1/3 of the remaining Escrowed Securities; 30 months after the Listing Date - 1/2 of the remaining Escrowed Securities and 36 months after the Listing Date -The remaining Escrowed Securities.