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Important Notice Regarding the Internet Availability of Proxy Materials for the Special Meeting of Stockholders To view the 2021☒☐☐☐ Proxy Statement and to Attend the Special Meeting, please go to: https://www.cstproxy.com/locustwalk/2021 PROXY CARD THE BOARD OF DIRECTORS RECOMMENDS A VOTE “FOR” PROPOSALS 1, 2, 3, 4, 5 AND 6. Please mark your votes like this 1. Transaction Proposal – to approve FOR AGAINST ABSTAIN the transactions contemplated under the Agreement and Plan of Merger, dated as of May 26, 2021, by and among Locust Walk Acquisition Corp. (“LWAC”), Locust Walk Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of LWAC (“Merger Sub”), and eFFECTOR Therapeutics, Inc., a Delaware corporation (“eFFECTOR”) (the “Business Combination”), pursuant to which Merger Sub will merge with and into eFFECTOR (the “Merger”) with eFFECTOR surviving the Merger as a wholly owned subsidiary of LWAC. 2. Amendment Proposal – to approve the FOR AGAINST ABSTAIN Amended and Restated Certificate of Incorporation of LWAC, to, among other things, change LWAC’s name to “eFFECTOR Therapeutics, Inc.,” amend certain provisions related to authorized capital stock, the required vote to amend the charter and bylaws, and director removal, and to divide the board of directors into three classes, with one class of directors being elected in each year and each class (except for those directors appointed to our first annual meeting of stockholders) serving a three-year term, in each case, to be effective upon the consummation of the Business Combination. 3. Incentive Plan Proposal – to approve the FOR AGAINST ABSTAIN eFFECTOR Therapeutics, Inc. 2021 Incentive Award Plan (the “Incentive Plan”) to be effective upon the consummation of the Business Combination. 4. ESPP Proposal – to approve the FOR AGAINST ABSTAIN eFFECTOR Therapeutics, Inc. 2021 Employee Stock Purchase Plan (the “ESPP”) to be effective upon the consummation of the Business Combination. 5. Nasdaq Proposal – to approve: (i) for pur- FOR AGAINST ABSTAIN poses of complying with Nasdaq Listing Rule 5635(a) and (b), the issuance of more than 20% of the issued and outstanding shares of LWAC’s common stock and the resulting change in control in connection with the Merger, and (ii) for purposes of complying with Nasdaq Listing Rule 5635(d), the issuance of more than 20% of LWAC’s common stock in a private placement to certain accredited investors upon the consummation of the Business Combination. 6. Adjournment Proposal – to approve the FOR AGAINST ABSTAIN adjournment of the special meeting by the chairman thereof to a later date, if necessary, under certain circumstances, including for the purpose of soliciting additional proxies in favor of the foregoing proposals, in the event LWAC does not receive the requisite stockholder vote to approve the proposals 1-5. CONTROL NUMBER Signature Signature, if held jointly Date, 2021 Note: Please sign exactly as name appears hereon. When shares are held by joint owners, both should sign. When signing as attorney, executor, administrator, trustee, guardian, or corporate officer, please give title as such.