Exhibit 10.6


 


SECURITIES
ASSIGNMENT AGREEMENT


  


This
Securities Assignment Agreement (this “Agreement”), dated as of October 11, 2017, is made and entered
into by and among Zhong Hui Holding Limited, a company formed under the laws of the Republic of the Seychelles (the “Sponsor”)
and the parties identified on the signature page hereto (each a “Purchaser” and collectively, the “
Purchasers”).


 


WHEREAS,
each of the Purchasers wishes to purchase that number of shares of common stock, $0.0001 par value per share (“Shares”),
of JM Global Holding Company (the “Company”) set forth on Schedule A hereto from the Sponsor
and the Sponsor agrees to sell such Shares and be bound by the terms of this Agreement.


 


NOW,
THEREFORE, in consideration of the premises, representations, warranties and the mutual covenants contained in this Agreement,
and for other good and valuable consideration, the receipt, sufficiency and adequacy of which are hereby acknowledged, the parties
hereto, intending to be legally bound, hereby agree as follows:


  


Section 1        Purchase of Securities.    Each of the Purchasers hereby purchases such number of Shares as identified
on Schedule A from the Sponsor.   Each Purchaser has paid $0.017 per share (in the aggregate amounts for each
such Purchaser set forth on Schedule A) in consideration of the purchase. Within a reasonable time after the date hereof,
(i) the Sponsor shall deliver to the Company for cancellation the securities representing the Shares being purchased and
(ii) the Company shall re-issue to the Purchasers certificate representing the Shares being purchased.


  


Section 2         No
Conflicts.    Each party represents and warrants that neither the execution and delivery of this
Agreement by such party, nor the consummation or performance by such party of any of the transactions contemplated hereby,
will with or without notice or lapse of time, constitute, create or result in a breach or violation of, default under, loss
of benefit or right under or acceleration of performance of any obligation required under any agreement to which it is a
party.


 


Section 3       
Representations.   Each Purchaser represents and warrants as follows: The Purchaser hereby acknowledges that an investment
in the Shares involves certain significant risks. The Purchaser has no need for liquidity in his investment in the Shares for
the foreseeable future and is able to bear the risk of that investment for an indefinite period. The Purchaser acknowledges and
hereby agrees that the Shares will not be transferable under any circumstances unless the Purchaser either registers the Shares
in accordance with federal and state securities laws or finds and complies with an exemption under such laws and such transfer
complies with all applicable lock-up restrictions (described in the Subscription Agreement, defined in Section 5 below). The Purchaser
further understands that any certificates evidencing the Shares bear a legend (as provided in the Subscription Agreement) referring
to the foregoing transfer restrictions. The Shares are being purchased solely for his own account, for investment purposes only,
and are not being purchased with a view to or for the resale, distribution, subdivision or fractionalization thereof; and the
Purchaser has no present plans to enter into any contract, undertaking, agreement or arrangement for such resale, distribution,
subdivision or fractionalization. The Purchaser has been given the opportunity to (i) ask questions of and receive answers
from the Sponsor and the Company concerning the terms and conditions of the Shares, and the business and financial condition of
the Company and (ii) obtain any additional information that each of the Purchasers possesses or can acquire without unreasonable
effort or expense that is necessary to assist such Purchaser in evaluating the advisability of the receipt of the Shares and an
investment in the Company. The Purchaser is not relying on any oral representation made by any person as to the Company or its
operations, financial condition or prospects. The Purchaser is an “accredited investor” as defined in Regulation D
promulgated by the Securities and Exchange Commission under the Securities Act of 1933.


 






     


    	 	 



    




 


Section 4        Assignment
of Rights.    Each Purchaser may assign his rights herein to his affiliates only if such transferees (i)
agree to be bound by all applicable transfer restrictions relating to the Shares, including the lock-up restriction, (ii) agree
to vote in favor of the Company’s initial business combination in the event the Company seeks stockholder approval in connection
with its initial business combination (iii) agree to waive their redemption rights (a) in connection with the consummation of
a business combination by the Company and (b) if the Company fails to consummate a business combination within 24 months from
the completion of its initial public offering (excluding any exercise of the underwriter’s overallotment option).


 


Section 5        Purchaser’s
Obligations. Purchaser hereby agrees that the Shares are subject to the restrictions and obligations as set forth in that
certain Securities Subscription Agreement dated April 10, 2015 (the “Subscription Agreement”) between
the Sponsor and the Company.


 


Section 6        Miscellaneous.    This
Agreement, together with the certificates, documents, instruments and writings that are delivered pursuant hereto, constitutes
the entire agreement and understanding of the parties hereto in respect of its subject matter. This Agreement may be executed
in two or more counterparts, each of which will be deemed an original but all of which together will constitute one and the same
instrument. This Agreement may not be amended, modified or waived as to any particular provision, except by a written instrument
executed by all parties hereto. Except as otherwise provided herein, no party hereto may assign either this Agreement or any of
its rights, interests, or obligations hereunder without the prior written approval of the other party.





 


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IN
WITNESS WHEREOF, the undersigned have executed this Agreement to be effective as of the date first set forth above.


 





	 	SPONSOR:
	 	 	 
	 	Zhong Hui Holding Limited
	 	 	 
	 	By:	/s/ Qi (Jacky) Zhang
	 	Name:	Qi (Jacky) Zhang
	 	Title:	Managing Member
	 	 	 
	 	Purchasers:
	 	 
	 	/s/ Tim
    Richerson
	 	Tim Richerson
	 	 	 
	 	PN FAMILY HOLDINGS, LLC
	 	 	 
	 	By: 	/s/ Peter Nathanial
	 	Name:  	Peter Nathanial
	 	Title:	Manager













 




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Schedule
A


 


	Purchaser’s Name	 	Number of Shares of Common Stock

 Purchased	 	 	Purchase Price ($)	 
	Tim Richerson 
	 	 	120,000	 	 	$	2,040	 
	PN Family Holdings, LLC 
	 	 	50,000	 	 	$	850	 
	Total:	 	 	170,000	 	 	$	2,890	 



 


 


 


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