Company: ATMCW
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001493152-25-024097
Chunk: 25

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-18
Form: 10-Q
Item: Item 8
Chunk 25
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 transaction. Further, TenX will assist in preparing the Company for investor
presentations, conferences for due diligence, deal structuring and term negotiations.

During
the period from September 15, 2021 (inception) through September 30, 2025, a cash fee of $200,000 has been incurred as deferred offering
costs for these services of which $160,000 has been paid by the Sponsor through December 31, 2022 and additional $40,000 was paid subsequently
through December 31, 2023.

    F-16

Administration
fee

Commencing
on the effective date of the registration statement, an affiliate of the Sponsor shall be allowed to charge the Company an allocable
share of its overhead, up to $10,000 per month up to the close of the business combination, to compensate it for the Company’s
use of its offices, utilities and personnel. An administration fee of $30,000 was recorded for both the quarters ended September 30,
2025 and 2024. As of September 30, 2025 and December 31, 2024, administration fees of $210,000 and $120,000, respectively, were included
in Due to Related Parties and remained outstanding.

Note
6 - Commitments and Contingencies

Registration
Rights

The
holders of the Founder Shares, Private Units, securities underlying the Unit Purchase Option (“UPO”), and units that may
be issued upon conversion of Working Capital Loans (and any ordinary shares issuable upon the exercise of the Private Units) will be
entitled to registration rights pursuant to a registration rights agreement to be signed prior to or on the effective date of IPO requiring
the Company to register such securities for resale. The holders of these securities will be entitled to make up to three demands, excluding
short form registration demands, that the Company register such securities. In addition, the holders have certain “piggy-back”
registration rights with respect to registration statements filed subsequent to completion of a business combination and rights to require
the Company to register for resale such securities pursuant to Rule 415 under the Securities Act. However, the registration rights agreement
provides that the Company will not be required to effect or permit any registration or cause any registration statement to become effective
until the securities covered thereby are released from their lock-up restrictions. The Company will bear the expenses incurred in connection
with the filing of any such registration statements.

Underwriting
Agreement

The