Certain Equity Shares of Naapbooks Limited are subject to a Lock-Up Agreement Ending on 9-SEP-2022. These Equity Shares will be under lockup for 365 days starting from 9-SEP-2021 to 9-SEP-2022.

Details:
An aggregate of 20% of the Post-Issue Equity Share Capital held by the promoters shall be considered as Promoter's Contribution and locked-in for a period of three years from the date of Allotment. The Promoters contribution which is subject to lock-in for three years does not consist of Equity Shares acquired during the preceding three years for consideration other than cash and out of revaluation of assets or capitalization of intangible assets or bonus shares out of revaluation reserves or reserves without accrual of cash resources. Equity Shares acquired by the Promoters during the preceding one year, at a price lower than the price at which Equity Shares are being issued to public in the Issue. Private placement made by solicitation of subscription from unrelated persons either directly or through any intermediary and Equity Shares held by the Promoters and offered for minimum 20% Promoter's Contribution are not subject to any pledge.

The entire Pre-Issue Equity Share capital will be locked in for a period of one year from the date of Allotment.