30,000,000 Ordinary Shares of Argon Denims Limited are subject to a Lock-Up Agreement Ending on 31-DEC-2015. These Ordinary Shares will be under lockup for 1096 days starting from 30-DEC-2012 to 31-DEC-2015.

Details:
All issued shares of the company shall be subject to a lock-in period of three years from the date of issuance of prospectus or commercial operation, whichever comes later.

28,879,000 shares held by the persons other than Directors and those who hold 5% or more shares in the company, who subscribed to the shares of the company within immediately preceding two years of according consent, shall be subject to a lock-in period of one year from the date of issuance of prospectus or commercial operation, whichever comes later.