Certain Ordinary Shares of Earlyworks Co., Ltd are subject to a Lock-Up Agreement Ending on 24-JAN-2024. These Ordinary Shares will be under lockup for 184 days starting from 24-JUL-2023 to 24-JAN-2024.

Details:
The Company executive officers, directors and principal shareholders owning 5% or more of Ordinary Shares (or securities convertible into Ordinary Shares) have agreed, for a period of six months from the closing of this offering, subject to certain exceptions, not to sell, transfer, or dispose of, directly or indirectly, any of the ADSs, Ordinary Shares, and securities that are substantially similar to Ordinary Shares or the ADSs, without the prior written consent of the Representative. The Representative has no present intention to waive or shorten the lock-up period; however, the terms of the lock-up agreements may be waived at its discretion.