Company: FMST
Filing Date: 2025-07-08
Form Type: POS AM
Source: 0001171843-25-004344
Chunk: 23

Company: Foremost Clean Energy Ltd.
Filing Date: 2025-07-08
Form: POS AM
Chunk 23
---
 period of three (3) months from
the commencement of the sale of this offering we would not, without the prior written consent of the representative and subject to certain
exceptions, directly or indirectly:

| · | 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 common 
 shares or any securities convertible into or exercisable or exchangeable for common shares;                                            |

| · | file or caused to be filed any registration statement with SEC relating to the offering of any common shares 
 or any securities convertible into or exercisable or exchangeable for common shares;                         |

| · | complete any offering of our debt securities, other than entering into a line of credit with a traditional 
 bank; or                                                                                                   |

| · | enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic                             
 consequences of ownership of our common shares, whether any such transaction is to be settled by delivery of common shares or such other 
 securities, in cash or otherwise.                                                                                                        |

Additionally, we agreed that for a period of 18 months
after the closing of this offering we will not directly or indirectly in any “at-the-market”, continuous equity or variable
rate transaction, offer to sell, sell, contract to sell, grant any option to sell or otherwise dispose of shares of capital stock of the
company or any securities convertible into or exercisable or exchangeable for shares of capital stock of the company, without the prior
written consent of the representative.

<div align='center'>21</div>

In addition, each of our directors and officers and
any other 5% or greater holder of outstanding common shares as of the date of this prospectus have agreed, for a period of six (6) months
from the commencement of sale of this offering with respect to directors and officers (except for one director who has agreed for a period
of three (3) months from the commencement of sale of this offering), and three (3) months from the commencement of sale of this offering
for 5% or greater holder shareholders, that without the prior written consent of the representative and subject to certain exceptions,
they would not directly or indirectly:

| · | offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract                        
 to sell, grant