Company: PTHS
Filing Date: 2025-05-09
Form Type: PREM14C
Source: 0001140361-25-018219
Chunk: 819

Company: Pelthos Therapeutics Inc.
Filing Date: 2025-05-09
Form: PREM14C
Chunk 819
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|                         |     |                              |     | Title: |

Accepted and Agreed Channel Therapeutics Corporation:

| By: |     |        |     |                                                   |
|     |     | Name:  |     | Francis Knuettel II                               |
|     |     | Title: |     | Chief Executive Officer & Chief Financial Officer |

[Signature Page to Lock-Up Agreement (Lead Investors in Concurrent Financing)]

I-5

#### TABLE OF CONTENTS

#### Annex J

### REGISTRATION RIGHTS AGREEMENT
This

### REGISTRATION RIGHTS AGREEMENT
(this “

#### Agreement
”), dated as of [ ], 2025, is by and among Channel Therapeutics Corporation, a Nevada corporation with offices located at 4400 Route 9 South, Suite 1000, Freehold, NJ 07728 (the “

#### Company
”), and the undersigned buyers (each, a “

#### Buyer
,” and collectively, the “

#### Buyers
”).

### RECITALS
A. The Company is party to that certain Agreement and Plan of Merger by and among the Company, CHRO Merger Sub Inc., and LNHC, Inc. (“

#### LNHC
”), dated as of April 16, 2025 (the “

#### Merger Agreement
”), pursuant to which LNHC will become a wholly-owned subsidiary of the Company (the “

#### Merger
”).

B. The Company has agreed, upon the terms and subject to the conditions of the Securities Purchase Agreement, dated as of April 16, 2025 (the “

#### Securities Purchase Agreement
”), to issue and sell to each Buyer, immediately prior to the effective time of the Merger, the Preferred Shares (as defined in the Securities Purchase Agreement) which will be convertible into Conversion Shares (as defined in the Securities Purchase Agreement) in accordance with the terms of the Certificate of Designations (as defined in the Securities Purchase Agreement).

C. To induce the Buyers to consummate the transactions contemplated by the Securities Purchase Agreement, the Company has agreed to provide certain registration rights under the Securities Act of 1933, as amended, and the rules and regulations thereunder, or any similar successor statute (collectively, the “

#### 1933 Act
”), and applicable state securities laws.

D. Pursuant to the Merger Agreement, LNHC will receive shares of Public Company Common Stock (as defined therein) (the “

#### Merger