Certain Warrants of SunCar Technology Group Inc. are subject to a Lock-Up Agreement Ending on 29-JAN-2024. These Warrants will be under lockup for 91 days starting from 30-OCT-2023 to 29-JAN-2024.

Details:
The executive officers, directors, employees and holders of more than ten percent (10%) of our Class A Ordinary Shares has agreed, subject to certain exceptions set forth in the lock-up agreements, not to sell, offer, agree to sell, contract to sell, hypothecate, pledge, grant any option to purchase, make any short sale of, or otherwise dispose of, directly or indirectly, any Class A Ordinary Shares, or any securities convertible into or exercisable or exchangeable for Class A Ordinary Shares, for 90 days following the closing of the offering