125,000 Ordinary Shares of Patagonia Lithium Limited are subject to a Lock-Up Agreement Ending on 6-DEC-2023. These Ordinary Shares will be under lockup for 252 days starting from 29-MAR-2023 to 6-DEC-2023.

Details:
7,696,500 Shares held by the Company?s promoter (or associates thereof) seed ca5,500,000pitalists will be escrowed for 24 months from the date of quotation on the ASX: 1,240,000 Shares held by the Company?s professional advisers and consultants (or associates thereof) will be escrowed for 24 months from the date of quotation on the ASX; 2,475,000 Shares held by the Company?s third party seed investors will be escrowed for 12 months commencing on the date on which the Shares were issued; and 125,000 Shares held by the Project Vendors will be escrowed for 12 months commencing on the date on which the Shares were issued.

13,750,000 (out of a total of 15,000,000) Shares committed to be subscribed for by Cornerstone Investors (pursuant to the Subscription Agreements entered into with the Company) are subject to voluntary escrow for the period of 12 months commencing the date of Admission.