375,000 Common Shares of Rex Resources Corp. are subject to a Lock-Up Agreement Ending on 2-DEC-2023. These Common Shares will be under lockup for 913 days starting from 2-JUN-2021 to 2-DEC-2023.

Details:
An aggregate of 2,500,000 shares are locked-up, of which, 10% of the Escrowed Securities will be released from escrow upon the Listing Date and that an additional 15% will be released therefrom every 6 month interval thereafter, over a period of 36 months.

An aggregate of 4,779,285 shares are locked-up, of which, 20% of total will be released on the Closing Date and 20% of the total will be released every month thereafter, resulting in total release 4 months after the Closing Date.