Lock-Up Provision. Counterparty covenants that the Lock-Up Agreement substantially in the form described in the Definitive Proxy Statement Prospectus dated as of August 4, 2023 (the “Definitive Proxy”) and included therein as Annex E, which is to be entered into by certain parties pursuant to both the BCA and the amended and restated sponsor support agreement (included as Annex D-1 in the Definitive Proxy, dated as of January 9, 2023, by and among First Light Acquisition Group, LLC, a Delaware series limited liability company, the persons set forth on the signature page thereto, FLAG and Target, providing for the restriction of the transfer of Shares of Counterparty by certain parties specified therein will be in effect as of the Closing Date and at all times prior to the Valuation Date, subject to exceptions stated in such Lock-Up Agreement. For the sake of clarity, the shares purchased pursuant to the PIPE Subscription Agreement shall not be subject to any lock-up.
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Sources: Otc Equity Prepaid Forward Transaction (First Light Acquisition Group, Inc.), Otc Equity Prepaid Forward Transaction (First Light Acquisition Group, Inc.), Otc Equity Prepaid Forward Transaction (First Light Acquisition Group, Inc.)