Certain Ordinary Shares of Racing Force S.P.A. are subject to a Lock-Up Agreement Ending on 17-NOV-2022. These Ordinary Shares will be under lockup for 370 days starting from 12-NOV-2021 to 17-NOV-2022.

Details:
SAYE, Nehoc Systems Ltd, Aref Khalil Yazbek, Alexandros Haristos, Kyle Kietzmann and the Issuer have (collectively referred to as the “Restricted Shareholders”) entered into a lock-up agreement. Pursuant to the lock-up agreement, the Issuer and the Restricted Shareholders irrevocably undertake, for a period of 12 months following the Trading Start Date, the following obligations, not to carry out, directly or indirectly, any sale, transfer, deed of disposition or other transaction whose object or effect is, directly or indirectly, the allocation or transfer to third parties (including the granting of option rights, the establishment of pledges or other encumbrances or the lending of securities), for any reason and in any form whatsoever, of the Restricted Shares (or of other financial instruments of Racing Force, including participatory ones, granting the right to purchase, subscribe, convert into, or exchange for, Shares of the Company or other financial instruments, including participatory ones, granting rights inherent in or similar to such shares or financial instruments), except for transactions necessary for the execution of the Capital Increase, not to propose or resolve on operations to increase the Company's share capital, nor issue new Shares, nor place (including through third parties) on the market equity securities, either directly or in the context of the issue of bonds convertible into Shares by the Company or by third parties, and/or in the context of the issue of warrants by the Company or by third parties, or in any other manner, except for any capital increases carried out pursuant to Articles 2446 and 2447 of the Italian Civil Code, up to the threshold necessary to comply with the legal limit, with the exception of the Capital Increase, not to issue and/or place on the market bonds convertible into or exchangeable for the Company's Shares or into vouchers for the purchase or subscription of the Company's Shares, or other financial instruments, including participatory ones, which grant rights inherent to or similar to such Shares or financial instruments, not to make, without having previously informed Equita, any change to the size and composition of its capital (including capital increases), as well as to the corporate structure of the company and not to approve and/or carry out transactions on derivative instruments, which have the same effects, even if only economic, as the transactions referred to above.