Certain Options of Netcapital Inc. are subject to a Lock-Up Agreement Ending on 17-OCT-2023. These Options will be under lockup for 90 days starting from 19-JUL-2023 to 17-OCT-2023.

Details:
The Company officers and directors have agreed, for a period of 90 days from the date of this prospectus, not to engage in any of the following, whether directly or indirectly, without the Representative?s consent: offer to sell, sell, contract to sell pledge, grant, lend, or otherwise transfer or dispose of common stock or any securities convertible into or exercisable or exchangeable for common stock (the ?Lock-Up Securities?); enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of the Lock-Up Securities; make any demand for or exercise any right or cause to be filed a registration statement, including any amendments thereto, with respect to the registration of any Lock-Up Securities; enter into any transaction, swap, hedge, or other arrangement relating to any Lock-Up Securities subject to customary exceptions; or publicly disclose the intention to do any of the foregoing.