Company: ILAG
Filing Date: 2025-02-25
Form Type: 424B5
Source: 0001493152-25-008217
Chunk: 23

Company: Intelligent Living Application Group Inc.
Filing Date: 2025-02-25
Form: 424B5
Chunk 23
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 period following expiration or termination of our engagement of the Placement Agent.

Lock Up Agreement

The officers and directors of the Company have entered into lock-up agreements, pursuant to which, each has agreed, subject to customary exceptions, for a period of 90 days after the final closing of this offering, not to offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly or indirectly, any shares of capital stock of the Company or any securities convertible into or exercisable or exchangeable for shares of capital stock of the Company, subject to customary exceptions.

No Sales of Similar Securities

We have agreed, subject to certain exceptions, until 90 days after the closing date (of this offering the “Standstill Period”), not to (i) issue, enter into any agreement to issue or announce the issuance or proposed issuance of any shares of our common stock or common stock equivalents (as that term is defined in the Standstill Agreement) or (ii) file any registration statement or any amendment or supplement thereto, in each case other than as contemplated by the securities purchase agreement. During the Standstill Period, we are not allowed to sell any of our securities pursuant to an at-the-market agreement.

Nasdaq Listing

Our Ordinary Shares are listed on the Nasdaq Capital Market under the symbol “ILAG.”

Transfer Agent and Registrar

The transfer agent and registrar for our Ordinary Shares is VStock Transfer, LLC.

Discretionary Accounts

The Placement Agent does not intend to confirm sales of the securities offered hereby to any accounts over which it has discretionary authority.

Other Activities and Relationships

The Placement Agent and certain of its affiliates are full service financial institutions engaged in various activities, which may include securities trading, commercial and investment banking, financial advisory, investment management, investment research, principal investment, hedging, financing and brokerage activities. The Placement Agent and their respective affiliates may provide from time to time in the future certain commercial banking, financial advisory, investment banking and other services for us in the ordinary course of their business, for which they may receive customary fees and commissions. In addition, from time to time, the Placement Agent and their affiliates may effect transactions for their own accounts or the accounts of customers, and hold on behalf of themselves or their customers, long or short positions in our debt or equity securities or loans, and may do so in the future. Except as disclosed in this prospectus