Company: ATMCW
Filing Date: 2025-11-17
Form Type: DEFM14A
Source: 0001493152-25-023842
Chunk: 350

Company: ALPHATIME ACQUISITION CORP
Filing Date: 2025-11-17
Form: DEFM14A
Chunk 350
---
 purpose and for
what they believe in good faith to be in the best interests of PubCo.

Exempted Company. PubCo is an exempted company with limited liability under the Companies Act. The Companies Act distinguishes between
ordinary resident companies and exempted companies. Any company that is registered in the Cayman Islands but conducts business mainly
outside of the Cayman Islands may apply to be registered as an exempted company. The requirements for an exempted company are essentially
the same as for an ordinary company except that an exempted company:

| ● | does                                                                                                                               
 not have to file an annual return of its shareholders with the Registrar of Companies;                                             |
| ● | is                                                                                                                                 
 not required to open its register of members for inspection;                                                                       |
| ● | does                                                                                                                               
 not have to hold an annual general meeting;                                                                                        |
| ● | may                                                                                                                                
 issue negotiable or bearer shares or shares with no par value;                                                                     |
| ● | may                                                                                                                                
 obtain an undertaking against the imposition of any future taxation (such undertakings are usually given for 20 years in the first 
 instance);                                                                                                                         |
| ● | may                                                                                                                                
 register by way of continuation in another jurisdiction and be deregistered in the Cayman Islands;                                 |
| ● | may                                                                                                                                
 register as a limited duration company; and                                                                                        |
| ● | may                                                                                                                                
 register as a segregated portfolio company.                                                                                        |

“Limited liability”
means that the liability of each shareholder is limited to the amount unpaid by the shareholder on the shares of the company (except
in exceptional circumstances, such as involving fraud, the establishment of an agency relationship or an illegal or improper purpose
or other circumstances in which a court may be prepared to pierce or lift the corporate veil).

| 194 |

<div align='center'>COMPARISON OF CORPORATE GOVERNANCE AND SHAREHOLDER RIGHTS</div>

This section describes the material differences between the rights of AlphaTime Shareholders before the consummation of the Business Combination, and the rights of PubCo shareholders after the Business Combination. These differences in shareholder rights result from the differences between the respective governing documents of AlphaTime and PubCo.

This section does not include a complete description of all differences among such rights, nor does it include a complete description of such rights. Furthermore, the identification of some of the differences of these rights as material is not intended to indicate that other differences that may be equally important do not exist. AlphaTime Shareholders are urged to carefully read the relevant provisions of the