Certain Common Stock of Kohoku Kogyo CO.,LTD. are subject to a Lock-Up Agreement Ending on 20-MAR-2022. These Common Stock will be under lockup for 89 days starting from 21-DEC-2021 to 20-MAR-2022.

Details:
In connection with this offer and the sale by the underwriter's purchase transaction, Tadashi Ishii, the seller and the lender, IF Management Co., Ltd., a shareholder of the Company, holders of the stock acquisition rights of the Company Kazukiyo Kitagawa, Hiroyuki Kunitomo, Takashi Kato, Haruto Araki, Suzuki Motoji, Makoto Takahara, Omoto Yamada, Manabu Yamazaki, Mahiro Yamashita and Toshimasa Wada, agreed not to sell the Company's common stock, etc. ( however, the sale by the underwriter's purchase transaction, over-allotment) without the prior written consent of the lead managing underwriter. We have agreed not to lend the Company's common stock for sale by the lead managing underwriter and to acquire the Company's common stock subject to the Green Shoe Option. )) from the original underwriting contract date ( buying and selling start ) until the 90th day after the listing date on March 20, 2022.

KOHOKU KOGYO Employee Stockholding Association, which is a shareholder of the Company, agreed not to sell our common stock, etc. without the prior written consent of the lead managing underwriter for the period from the date of conclusion of the principal underwriting contract to June 18, 2022, which is the 180th day after the listing (starting trading) date (including the day). In addition, the Company will inform the lead managing underwriter in advance of the lead managing underwriter during the period from the conclusion of the principal underwriting contract to June 18, 2022, which is the 180th day after the listing (starting of trading) date (including the day). Issuance of the Company's common stock, issuance of securities converted or exchanged for the Company's common stock, or issuance of securities granted the right to acquire or receive the Company's common stock, etc. We have agreed not to carry out stock splits and issuance of stock acquisition rights as stock options.)