12,000,000 Class B Multiple Voting Shares of MCI Onehealth Technologies Inc. are subject to a Lock-Up Agreement Ending on 7-JAN-2022. These Class B Multiple Voting Shares will be under lockup for 366 days starting from 6-JAN-2021 to 7-JAN-2022.

Details:
The Company has agreed to use commercially reasonable efforts to obtain, and in any event it is a condition of the Closing that the Underwriters have received, from each of the directors and officers of the Company and their 40 respective associates and certain beneficial shareholders of the Company (the “Locked-up Persons”), a lock up agreement with the Underwriters whereby such persons will agree, other than in connection with the Offering and subject to certain exceptions, not to directly or indirectly, sell, offer, hypothecate, assign, transfer, pledge, grant a security interest in, contract to sell, grant or sell an option or warrant to purchase, purchase any option or contract to sell, lend, swap or otherwise enter into any arrangement (including monetization arrangement or hedging or similar transaction), whether through the facilities of a stock exchange, by private placement or otherwise, which has the effect of transferring any or all of the economic benefits of ownership of any of their Class A Subordinate Voting Shares, securities convertible into or exchangeable into Class A Subordinate Voting Shares, or other equity securities, or announce publicly their intention to do so, without having obtained the prior written consent of Canaccord (on behalf of the Underwriters) (the “Lock-up Agreements”). At the Closing, all of the securities held by each Locked-up Person (the “Locked-up Securities”) will be subject to the terms of the Lock-up Agreements and one-third (1/3) of the Locked-Up Securities will be released in equal parts after six, twelve and eighteen months following the Closing.