Certain Warrants of Draganfly Inc. are subject to a Lock-Up Agreement Ending on 30-JAN-2022. These Warrants will be under lockup for 185 days starting from 29-JUL-2021 to 30-JAN-2022. Details: Each of the company’s directors and officers have agreed for a period of six months after the date of the Underwriting Agreement without the prior written consent of the Underwriter, not to directly or indirectly (subject to limited exceptions) (i) issue, offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of, directly or indirectly, any shares of capital stock, including, but not limited to common shares and warrants, or any securities convertible into or exercisable or exchangeable for shares of capital stock; or (ii) file or cause the filing of any registration statement under the Securities Act with respect to any shares of capital stock, including, but not limited to common shares and warrants, or any securities convertible into or exercisable or exchangeable for shares of capital stock; or (iii) complete any Offering of debt securities, other than entering into a line of credit with a traditional bank; or (iv) enter into any swap or other agreement, arrangement, hedge or derivatives transaction that transfers to another, in whole or in part, directly or indirectly, any of the economic consequences of ownership of common shares or warrants or other capital stock or any securities convertible into or exercisable or exchangeable for common shares or other capital stock, whether any transaction described in any of the foregoing bullet points is to be settled by delivery of common shares, warrants or other capital stock, other securities, in cash or otherwise, or publicly announce an intention to do any of the foregoing.