Certain Class B Ordinary Shares of Blue World Acquisition Corporation are subject to a Lock-Up Agreement Ending on 30-JUL-2022. These Class B Ordinary Shares will be under lockup for 180 days starting from 31-JAN-2022 to 30-JUL-2022.

Details:
The company and it's sponsor and it's officers and directors have agreed that, for a period of 180 days from the date of this prospectus, they will not, without the prior written consent of Maxim, offer, sell, contract to sell, grant any option to sell (including any short sale), pledge, transfer, establish an open “put equivalent position” within the meaning of Rule 16a -l (h) under the Exchange Act, as amended, or otherwise dispose of, directly or indirectly, any of it's units, warrants, rights, ordinary shares or any other securities convertible into, or exercisable, or exchangeable for, ordinary shares currently or hereafter owned either of record or beneficially, or publicly announce an intention to do any of the foregoing. Maxim in its sole discretion may release any of the securities subject to these lock -up agreements at any time without notice. It's sponsor, officers and directors are also subject to separate transfer restrictions on their founder shares and private units pursuant to the letter agreement as described herein.