Certain Warrants of Peraso Inc. are subject to a Lock-Up Agreement Ending on 30-AUG-2023. These Warrants will be under lockup for 91 days starting from 31-MAY-2023 to 30-AUG-2023.

Details:
Each of Company?s executive officers and directors have agreed, subject to certain exceptions, not to dispose of or hedge any shares of Common Stock or securities convertible into or exchangeable for shares of Common Stock during the period from the date of the lock-up agreement continuing through the 90 days after the closing of this offering, except with Benchmark?s prior written consent. Each executive officer and director shall be immediately and automatically released from all restrictions and obligations under the lock up agreement in the event that he or she ceases to be a director or officer of our company and has no further reporting obligations under Section 16 of the Exchange Act.