Company: PTHS
Filing Date: 2025-05-27
Form Type: DEFM14C
Source: 0001140361-25-020509
Chunk: 726

Company: Pelthos Therapeutics Inc.
Filing Date: 2025-05-27
Form: DEFM14C
Chunk 726
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 of

#### Exhibit B-2
attached hereto (the “

#### Nomis Bay Lock-Up Agreement
”), (iii) BPY Limited (“

#### BPY
”) shall have delivered to the Company a lock-up agreement in the form of

#### Exhibit B-2
attached hereto (the “

#### BPY Lock-Up Agreement
”), (iv) Boothbay Absolute Return Strategies, LP (“

#### Boothbay
”) shall have delivered to the Company a lock-up agreement in the form of

#### Exhibit B-2
attached hereto (the “

#### Boothbay Lock-Up Agreement
” and together with the Ligand Lock-Up Agreement, the Nomis Bay Lock-Up Agreement, and the BPY Lock-Up Agreement, each a “

#### Lead Investor Lock-Up Agreement
”); and (v) a certain institutional investor shall have delivered to the Company a lock-up agreement in the form of

#### Exhibit B-3
attached hereto (the “

#### II Lock-Up Agreement
”), in each case, duly executed and delivered by the parties thereto.

G. On the date hereof, the Company shall have delivered to such Buyer, and each such Buyer shall have delivered to the Company, lock-up agreements, in the form of

#### Exhibit C
attached hereto (each, an “

#### Other Financing Participant Lock-Up Agreement
”), duly executed and delivered by such Persons listed on Schedule G attached hereto (the “

#### Lock-Up Parties
”), pursuant to which the Lock-Up Parties, severally, shall have agreed not to directly, or indirectly, sell any securities of the Company except in compliance therewith.

H. On the date hereof, the executive officers and directors of the Company immediately prior to the Effective Time (as defined in the Merger Agreement) listed on Schedule H attached hereto shall have duly executed and

<div align='center'>B-1</div>

#### TABLE OF CONTENTS
delivered to the Company, lock-up agreements, in the form of

#### Exhibit D
attached hereto (each, a “

#### Company DO Lock-Up Agreement
”, and together with the Lead Investor Lock-Up Agreements, the II Lock-Up Agreement and the Other Financing Participant Lock-Up Agreements, the “

#### Lock-Up Agreements
”).

I. On the Closing Date, the parties hereto shall execute and deliver a Registration Rights Agreement, in the form attached hereto as

#### Exhibit E
(the “