Certain Ordinary Shares of PainReform Ltd. are subject to a Lock-Up Agreement Ending on 17-OCT-2023. These Ordinary Shares will be under lockup for 91 days starting from 18-JUL-2023 to 17-OCT-2023.

Details:
All of Company's directors and executive officers have agreed with the placement agent, subject to certain exceptions, not to offer, sell, contract to sell, hypothecate, pledge or otherwise dispose of (or enter into any transaction which is designed to, or might reasonably be expected to, result in the disposition (whether by actual disposition or effective economic disposition due to cash settlement or otherwise), directly or indirectly, or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Exchange Act, with respect to, any shares of common stock or securities convertible into or exercisable or exchangeable for common stock, for a period of 90 days after the closing of this offering.