Certain Common Shares of Nippon Carbide Industries Co., Inc. are subject to a Lock-Up Agreement Ending on 4-MAR-2023. These Common Shares will be under lockup for 180 days starting from 5-SEP-2022 to 4-MAR-2023.

Details:
MUFG Bank, Ltd., the seller, and Mitsubishi UFJ Trust and Banking Corporation, a shareholder of the Company, will notify Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. During the period beginning and ending on the 180th day from the delivery date of the secondary offering by the underwriter (hereinafter referred to as the "lock-up period"), according to the prior written notice of Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. It has been agreed that, in principle, we will not sell, etc., our common shares without consent (excluding, however, sales, etc. by way of secondary offering by underwriting by the underwriters).
In addition, during the lockup period, the Company will ask Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. to issue or dispose of the Company's common stock, or sell the Company's common stock without the prior written consent of Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. Agreed not to issue securities to be converted or exchanged or to issue securities with the right to acquire or receive shares of common stock of the Company (excluding issuance of shares of common stock of the Company through a stock split). We are here. In any of the above cases, Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. has the authority to cancel all or part of the agreement at its discretion even during the lockup period.