Certain Ordinary Shares of Xiao-I Corporation are subject to a Lock-Up Agreement Ending on 5-SEP-2023. These Ordinary Shares will be under lockup for 180 days starting from 9-MAR-2023 to 5-SEP-2023.

Details:
Each of the company's directors, officers and majority of existing shareholders prior to the offering have agreed that for a period of 180 days from the commencement of the Company?s first day of trading on the Nasdaq (the ?Lock-Up Period?), subject to certain exceptions, not to directly or indirectly, (i) offer, pledge, announce the intention to sell, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right to purchase, make any short sale or otherwise transfer or dispose of, directly or indirectly, any ADSs, or Ordinary Shares of the Company or any securities convertible into or exercisable or exchangeable for ADSs or Ordinary Shares of the Company, whether now owned or hereafter acquired by such person or with respect to which such person has or hereafter acquires the power of disposition; (ii) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of such securities; (iii) make any demand for or exercise any right with respect to the registration of any such securities; or (iv) publicly disclose the intention to make any offer, sale, pledge or disposition, or to enter into any transaction, swap, hedge or other arrangement relating to any such securities.