Document:

EXHIBIT 10.6  

  

FIRST AMENDMENT TO REGISTRATION
RIGHTS AGREEMENT 

THIS FIRST AMENDMENT
TO REGISTRATION RIGHTS AGREEMENT (this “Amendment”) is made and entered into as of [●], 2020,
and shall be effective as of the Closing (defined below), by and among (i) Proficient Alpha Acquisition Corp., a Nevada corporation
(the “Company”), (ii) Lion Group Holding Ltd., a Cayman Islands exempted company (“Pubco”),
(iii) the individuals and entities listed under Investors on the signature page hereto (collectively, the “Investors”)
and (iv) I-Bankers Securities, Inc., the managing underwriter in the Company’s initial public offering (the “Managing
Underwriter”). Capitalized terms used but not otherwise defined herein shall have the respective meanings assigned
to such terms in the Registration Rights Agreement (as defined below) (and if such term is not defined in the Registration Rights
Agreement, then the Business Combination Agreement (as defined below)).

RECITALS

WHEREAS,
the Company and the Investors are parties to that certain Registration Rights Agreement, dated as of May 29, 2019 (the “Original
Agreement” and, as amended by this Amendment, the “Registration Rights Agreement”), pursuant
to which the Company granted certain registration rights to the Investors named therein with respect to the Company’s securities;

WHEREAS,
on March 10, 2020, (i) the Company, (ii) Shih-Chung Chou, in the capacity thereunder as the Purchaser Representative thereunder,
(iii) Pubco, (iv) Lion MergerCo 1, Inc., a Delaware corporation and a wholly-owned subsidiary of Pubco (“Merger Sub”),
(v) Lion Financial Group Limited, a corporation organized under the laws of the British Virgin Islands (“Lion”),
(vi) Wang Jian and Legend Success Ventures Limited, each in the capacity thereunder as the Seller Representative, and (v) each
of the shareholders of Lion named as Sellers therein (the “Sellers”), entered into that certain Business
Combination Agreement (as amended from time to time in accordance with the terms thereof, the “Business Combination
Agreement”);

WHEREAS,
pursuant to the Business Combination Agreement, subject to the terms and conditions thereof, upon the consummation of the transactions
contemplated thereby (the “Closing”), among other matters, (i) Merger Sub will merge with and into the
Company, with the Company continuing as the surviving entity and a wholly-owned subsidiary of Pubco (the “Merger”),
and with holders of the Company’s securities receiving substantially equivalent securities of Pubco, and (ii) Pubco will
acquire all of the issued and outstanding capital shares of Lion from the Sellers in exchange for the Exchange Shares, subject
to the withholding of the Escrow Shares being deposited in the Escrow Account in accordance with the terms and conditions of the
Business Combination Agreement and the Escrow Agreement, with Lion becoming a wholly-owned subsidiary of Pubco, all upon the terms
and subject to the conditions set forth in the Business Combination Agreement and in accordance with the provisions of applicable
law;

WHEREAS,
simultaneously with the execution of the Business Combination Agreement, Pubco and the Sellers entered into a Registration Rights
Agreement (as amended from time to time in accordance with the terms thereof, the “Lion Registration Rights Agreement”)
for Pubco to grant the Sellers certain registration rights with respect to certain of the Sellers’ “Registrable Securities”
as defined therein (the “Lion Securities”);

WHEREAS,
the parties hereto desire to amend the Original Agreement to add Pubco as a party to the Registration Rights Agreement and to
revise the terms hereof in order to reflect the transactions contemplated by the Business Combination Agreement, including the
issuance of the Pubco Ordinary Shares and Pubco Warrants thereunder and the Lion Registration Rights Agreement; and 

WHEREAS, pursuant
to Section 6.7 of the Original Agreement, the Original Agreement can be amended with the written consent of the Company, the Managing
Underwriter and the holders of at least sixty-six and two-thirds percent (66-2/3%) of the Registrable Securities at the time in
question.

 

    	 	 (1)	 

    	 	 	 

    

  

NOW, THEREFORE,
in consideration of the premises and the mutual promises herein made, and in consideration of the representations, warranties and
covenants herein contained, and intending to be legally bound hereby, the parties hereto agree as follows:

1.                  
Addition of Pubco as a Party to the Registration Rights Agreement. The parties hereby agree to add Pubco as a party
to the Registration Rights Agreement. The parties further agree that, from and after the Closing, all of the rights and obligations
of the Company under the Registration Rights Agreement shall be, and hereby are, assigned and delegated to Pubco as if it were
the original “Company” party thereto. By executing this Amendment, Pubco hereby agrees to be bound by and subject to
all of the terms and conditions of the Registration Rights Agreement, including from and after the Closing as if it were the original
“Company” party thereto.

2.                  
Amendments to Registration Rights Agreement. The Parties hereby agree to the following amendments to the Registration
Rights Agreement:

(a)               
The defined terms in this Amendment, including in the preamble and recitals hereto, and the definitions incorporated by
reference from the Business Combination Agreement, are hereby added to the Registration Rights Agreement as if they were set forth
therein.

(b)               
The parties hereby agree that the term “Registrable Security” shall
include any Pubco Ordinary Shares and Pubco Warrants issued by Pubco under the Business Combination Agreement to the security holders
of the Company in the Merger for their Registrable Securities of the Company, and any other securities of Pubco or any successor
entity issued in consideration of (including as a stock split, dividend or distribution) or in exchange for any of such securities.
The parties also agree that any reference in the Registration Rights Agreement to “Common Stock” will instead refer
to Pubco Ordinary Shares, and any other securities of Pubco or any successor entity issued in consideration of (including as a
stock split, dividend or distribution) or in exchange for any of such securities. The parties further agree that any reference
to “holders of Registrable Securities” (or words to that effect) shall instead mean “Investors holding Registrable
Securities” (or words to that effect) and “holders” as used in the context of holding Registrable Securities
shall be a reference to “Investors” holding Registrable Securities.

(c)               
Section 2.1.4 of the Original Agreement is hereby deleted in its entirety and replaced with
the following:

“2.1.4 Reduction
of Offering. If the managing Underwriter or Underwriters for a Demand Registration that is to be an underwritten offering
advises Pubco and the Demanding Holders in writing that the dollar amount or number of Registrable Securities which the Demanding
Holders desire to sell, taken together with all other Pubco Ordinary Shares or other securities which Pubco desires to sell and
the Pubco Ordinary Shares or other securities, if any, as to which Registration by Pubco has been requested pursuant to written
contractual piggy-back registration rights held by other security holders of Pubco who desire to sell, exceeds the maximum dollar
amount or maximum number of shares that can be sold in such offering without adversely affecting the proposed offering price,
the timing, the distribution method, or the probability of success of such offering (such maximum dollar amount or maximum number
of securities, as applicable, the “Maximum Number of Securities”), then Pubco shall include in such
Registration: (i) first, the Registrable Securities as to which Demand Registration has been requested by the Demanding Holders
and the Lion Securities for the account of any Persons who have exercised demand registration rights pursuant to the Lion Registration
Rights Agreement during the period under which the Demand Registration hereunder is ongoing (all pro rata in accordance with the
number of securities that each applicable Person has requested be included in such registration, regardless of the number of securities
held by each such Person, as long as they do not request to include more securities than they own (such proportion is referred
to herein as “Pro Rata”)) that can be sold without exceeding the Maximum Number of Securities; (ii)
second, to the extent that the Maximum Number of Securities has not been reached under the foregoing clause (i), the Pubco Ordinary
Shares or other securities that Pubco desires to sell that can be sold without exceeding the Maximum Number of Securities; (iii)
third, to the extent that the Maximum Number of Securities has not been reached under the foregoing clauses (i) and (ii), the
Registrable Securities of Investors as to which registration has been requested pursuant to Section 2.2 and the Lion Securities
as to which registration has been requested pursuant to the applicable written contractual piggy-back registration rights of the
Lion Registration Rights Agreement, Pro Rata among the holders thereof based on the number of securities requested by such holders
to be included in such registration, that can be sold without exceeding the Maximum Number of Securities; and (iv) fourth, to
the extent that the Maximum Number of Securities has not been reached under the foregoing clauses (i), (ii) and (iii), the Pubco
Ordinary Shares or other securities for the account of other Persons that Pubco is obligated to register pursuant to written contractual
arrangements with such Persons that can be sold without exceeding the Maximum Number of Securities. In the event that Pubco securities
that are convertible into Pubco Ordinary Shares are included in the offering, the calculations under this Section 2.1.4 shall
include such Pubco securities on an as-converted to Pubco Ordinary Share basis. 

(d)               
Section 2.2.2 of the Original Agreement is hereby deleted in its entirety and replaced with
the following:

 

    	 	 (2)	 

    	 	 	 

    

 

“2.2.2 Reduction
of Offering. If the managing Underwriter or Underwriters for a Piggy-Back Registration that is to be an underwritten offering
advises Pubco and Investors holding Registrable Securities proposing to distribute their Registrable Securities through such Piggy-Back
Registration in writing that the dollar amount or number of Pubco Ordinary Shares or other Pubco securities which Pubco desires
to sell, taken together with the Pubco Ordinary Shares or other Pubco securities, if any, as to which registration has been demanded
pursuant to written contractual arrangements with Persons other than the Investors holding Registrable Securities hereunder, the
Registrable Securities as to which registration has been requested under this Section 2.2, and the Pubco Ordinary Shares or other
Pubco securities, if any, as to which registration has been requested pursuant to the written contractual piggy-back registration
rights of other security holders of Pubco, exceeds the Maximum Number of Securities, then Pubco shall include in any such registration:

(a)              
If the registration is undertaken for Pubco’s account: (i) first, the Pubco Ordinary
Shares or other securities that Pubco desires to sell that can be sold without exceeding the Maximum Number of Securities; (ii)
second, to the extent that the Maximum Number of Securities has not been reached under the foregoing clause (i), the Registrable
Securities of Investors as to which registration has been requested pursuant to this Section 2.2 and the Lion Securities as to
which registration has been requested pursuant to the applicable written contractual piggy-back registration rights under the Lion
Registration Rights Agreement, Pro Rata among the holders thereof based on the number of securities requested by such holders to
be included in such registration, that can be sold without exceeding the Maximum Number of Securities; and (iii) third, to the
extent that the Maximum Number of Securities has not been reached under the foregoing clauses (i) and (ii), the Pubco Ordinary
Shares or other equity securities for the account of other Persons that Pubco is obligated to register pursuant to separate written
contractual arrangements with such Persons that can be sold without exceeding the Maximum Number of Securities;

(b)              
If the registration is a “demand” registration undertaken at the demand of Demanding
Holders pursuant to Section 2.1: (i) first, the Pubco Ordinary Shares or other securities for the account of the Demanding Holders
and the Lion Securities for the account of any Persons who have exercised demand registration rights pursuant to the Lion Registration
Rights Agreement during the period under which the Demand Registration hereunder is ongoing, Pro Rata among the holders thereof
based on the number of securities requested by such holders to be included in such registration, that can be sold without exceeding
the Maximum Number of Securities; (ii) second, to the extent that the Maximum Number of Securities has not been reached under the
foregoing clause (i), the Pubco Ordinary Shares or other securities that Pubco desires to sell that can be sold without exceeding
the Maximum Number of Securities; (iii) third, to the extent that the Maximum Number of Securities has not been reached under the
foregoing clauses (i) and (ii), the Registrable Securities of Investors as to which registration has been requested pursuant to
this Section 2.2 and the Lion Securities as to which registration has been requested pursuant to the applicable written contractual
piggy-back registration rights under the Lion Registration Rights Agreement, Pro Rata among the holders thereof based on the number
of securities requested by such holders to be included in such registration, that can be sold without exceeding the Maximum Number
of Securities; and (iv) fourth, to the extent that the Maximum Number of Securities has not been reached under the foregoing clauses
(i), (ii) and (iii), the Pubco Ordinary Shares or other equity securities for the account of other Persons that Pubco is obligated
to register pursuant to separate written contractual arrangements with such Persons that can be sold without exceeding the Maximum
Number of Securities;

(c)              
If the registration is a “demand” registration undertaken at the demand of holders
of Lion Securities under the Lion Registration Rights Agreement: (i) first, the Lion Securities for the account of the demanding
holders and the Registrable Securities for the account of Demanding Holders who have exercised demand registration rights pursuant
to Section 2.1 during the period under which the demand registration under the Lion Registration Rights Agreement is ongoing, Pro
Rata among the holders thereof based on the number of securities requested by such holders to be included in such registration,
that can be sold without exceeding the Maximum Number of Securities; (ii) second, to the extent that the Maximum Number of Securities
has not been reached under the foregoing clause (i), the Pubco Ordinary Shares or other securities that Pubco desires to sell that
can be sold without exceeding the Maximum Number of Securities; (iii) third, to the extent that the Maximum Number of Securities
has not been reached under the foregoing clauses (i) and (ii), the Registrable Securities of Investors as to which registration
has been requested pursuant to this Section 2.2 and the Lion Securities as to which registration has been requested pursuant to
the applicable written contractual piggy-back registration rights under the Lion Registration Rights Agreement, Pro Rata among
the holders thereof based on the number of securities requested by such holders to be included in such registration, that can be
sold without exceeding the Maximum Number of Securities; and (iv) fourth, to the extent that the Maximum Number of Securities has
not been reached under the foregoing clauses (i), (ii) and (iii), the Pubco Ordinary Shares or other equity securities for the
account of other Persons that Pubco is obligated to register pursuant to separate written contractual arrangements with such Persons
that can be sold without exceeding the Maximum Number of Securities; and

(d)              
If the registration is a “demand” registration undertaken at the demand of Persons
other than either Demanding Holders under Section 2.1 or the holders of Lion Securities exercising demand registration rights under
the Lion Registration Rights Agreement: (i) first, the Pubco Ordinary Shares or other securities for the account of the demanding
Persons that can be sold without exceeding the Maximum Number of Securities; (ii) second, to the extent that the Maximum Number
of Securities has not been reached under the foregoing clause (i), the Pubco Ordinary Shares or other securities that Pubco desires
to sell that can be sold without exceeding the Maximum Number of Securities; (iii) third, to the extent that the Maximum Number
of Securities has not been reached under the foregoing clauses (i) and (ii), the Registrable Securities of Investors as to which
registration has been requested pursuant to this Section 2.2 and the Lion Securities as to which registration has been requested
pursuant to the applicable written contractual piggy-back registration rights under the Lion Registration Rights Agreement, Pro
Rata among the holders thereof based on the number of securities requested by such holders to be included in such registration,
that can be sold without exceeding the Maximum Number of Securities; and (iv) fourth, to the extent that the Maximum Number of
Securities has not been reached under the foregoing clauses (i), (ii) and (iii), the Pubco Ordinary Shares or other equity securities
for the account of other Persons that Pubco is obligated to register pursuant to separate written contractual arrangements with
such Persons that can be sold without exceeding the Maximum Number of Securities.

 

    	 	 (3)	 

    	 	 	 

    

In the event that
Pubco securities that are convertible into Pubco Ordinary Shares are included in the offering, the calculations under this Section
2.2.2 shall include such Pubco securities on an as-converted to Pubco Ordinary Share basis. Notwithstanding anything to the contrary
above, to the extent that the registration of an Investor’s Registrable Securities would prevent Pubco or the demanding shareholders
from effecting such registration and offering, such Investor shall not be permitted to exercise Piggy-Back Registration rights
with respect to such registration and offering.”

(e)               
Section 6.3 of the Registration Rights Agreement is hereby amended to add the following address
for notices to Pubco under the Registration Rights Agreement immediately after the address for the Company:

	
        If to Pubco to:

        Lion Group Holding Ltd.

        Unit A-C, 33/F, Tower A, Billion Center

        1 Wang Kwong Road

        Kowloon Bay, Hong Kong

        Attention: Wang Jian / Wilson Wang / Rover Luo / Alex Lee

        Facsimile No.: +852 2796 2338

        Telephone No.: +852 2820 9088 / +852 9690 0900 / +852 2820 9001 / +852 2820 9099

        Email: *** / *** / rover.luo@libkr.com / alex.lee@libkr.com
	
        with a copy (which will not constitute notice) to:

        Kirkland & Ellis LLP

        601 Lexington Avenue

        New York, NY 10022

        Attn: James Hu; Christian Nagler

        Facsimile No.: +1 (212) 446-6460

        Telephone No.: +1 (212) 909-3341

        Email:james.hu@kirkland.com; cnagler@kirkland.com

        and

        Kirkland & Ellis International LLP

        26th Floor, Gloucester Tower, The Landmark

        15 Queen's Road Central

        Hong Kong

        Attn: Ben James

        Facsimile No.: +852-3761-3301

        Telephone No.: +852-3761-3412

        Email:ben.james@kirkland.com

(f)                
Section 6.8 of the Registration Rights Agreement is hereby amended by adding the following
sentence after the first sentence in Section 6.8:

“The
use of the word “including”, “include” or “includes” in this Agreement shall be by way of example
rather than by limitation, and shall be deemed in each case to be followed by the words “without limitation”.”

3.                  
Acknowledgement of Other Registration Rights Agreement. The parties hereby acknowledge and agree that, notwithstanding
Section 6.1 of the Registration Rights Agreement, in connection with the Share Purchase Agreement, Pubco has entered into the Lion
Registration Rights Agreement with respect to the Lion Securities, and consent to the foregoing.

4.                  
Effectiveness. This Amendment shall become effective upon the Closing. In the event that the Business Combination
Agreement is terminated in accordance with its terms prior to the Closing, this Amendment and all rights and obligations of the
parties hereunder shall automatically terminate and be of no further force or effect.

5.                  
Miscellaneous. Except as expressly provided in this Amendment, all of the terms and provisions in the Original Agreement
are and shall remain in full force and effect, on the terms and subject to the conditions set forth therein. This Amendment does
not constitute, directly or by implication, an amendment or waiver of any provision of the Original Agreement, or any other right,
remedy, power or privilege of any party thereto, except as expressly set forth herein. Any reference to the Registration Rights
Agreement in the Original Agreement or any other agreement, document, instrument or certificate entered into or issued in connection
therewith shall hereinafter mean the Registration Rights Agreement, as amended by this Amendment (or as the Registration Rights
Agreement may be further amended or modified in accordance with the terms thereof). The terms of this Amendment shall be governed
by, enforced and construed and interpreted in a manner consistent with the provisions of the Original Agreement, including Sections
6.11 and 6.12 thereof.

{REMAINDER OF PAGE INTENTIONALLY
LEFT BLANK; SIGNATURE PAGES FOLLOW}

 

    	 	 (4)	 

    	 	 	 

    

 

IN WITNESS
WHEREOF, each party hereto has signed or has caused to be signed by its officer thereunto duly authorized this First Amendment
to Registration Rights Agreement as of the date first above written.

	 	The Company:
	 	 
	 	PROFICIENT ALPHA ACQUISITION CORP.
	 	 
	 	By:
	 	 
	 	Name:
	 	Title:

 

	 	Pubco:
	 	 
	 	LION GROUP HOLDING LTD.
	 	 
	 	By:
	 	 
	 	Name:
	 	Title:

 

    	 	 (5)	 

    	 	 	 

    

 

		Investors:
	 	 
	 	 
	 	Shih-Chung Chou
	 	 
	 	 
	 	Wei Fan
	 	 
	 	 
	 	Weixuan Luo
	 	 
	 	 
	 	Jia Li
	 	 
	 	 
	 	Yuanjing Fan
	 	 
	 	 
	 	Mike Bongiovanni
	 	 
	 	 
	 	Robert C. Cottone

    	 	 (6)	 

    	 	 	 

    

	 	MGA HOLDINGS, LLC
	 	 
	 	By:
	 	 
	 	Name:
	 	Title:

 

	 	CELTIC ASSET & EQUITY PARTNERS LTD.
	 	 
	 	By:
	 	 
	 	Name:
	 	Title:

 

	 	ManagingUnderwriter:
	 	 
	 	I-BANKERS SECURITIES. INC.
	 	 
	 	By:
	 	 
	 	Name:
	 	Title:

 

 

    	 	 (7)EXHIBIT 10.7  

  

 SECURITIES ASSIGNMENT AND JOINDER
AGREEMENT

THIS SECURITIES
ASSIGNMENT AND JOINDER AGREEMENT (this “Joinder”) is made and entered into as of March 12, 2020 by the
undersigned parties hereto. Reference is hereby made to that (i) certain Letter Agreement, dated as of May 29, 2019 (as it may
be amended from time to time, including by this Joinder, the “Sponsor Letter Agreement”), by and among
Proficient Alpha Acquisition Corp. (the “Company”), I-Bankers Securities, Inc. (“I-Bankers”)
and Shih-Chung Chou (the “Sponsor”), (ii) certain Letter Agreement, dated as of May 29, 2019 (as it may
be amended from time to time, including by this Joinder, the “Initial Stockholders Letter Agreement”),
by and among the Company, I-Bankers and the initial stockholders of the Company, (iii) certain Share Escrow Agreement, dated as
of May 29, 2019 (as it may be amended from time to time, including by this Joinder, the “Share Escrow Agreement”),
by and among the Company, American Stock Transfer & Trust Company, LLC (“AST”) and the initial stockholders
of the Company, and (iv) certain Registration Rights Agreement, dated as of May 29, 2019 (as it may be amended from time to time,
including by this Joinder, the “Registration Rights Agreement” and collectively with the Sponsor Letter
Agreement, the Initial Stockholders Letter Agreement and the Share Escrow Agreement, the “Agreements”),
by and among the Company, I-Bankers and the initial stockholders of the Company.

WITNESSETH THAT:

WHEREAS,
the Sponsor wishes to assign all of his equity interest in the Company (including 431,250 shares (the “Shares”)
of the Company’s common stock, par value $0.001 per share (the “Common Stock”) and 5,375,000 warrants
(the “Warrants”), each warrant entitling the holder to purchase one share of Common Stock at $11.50 per
share) and its rights and obligations under each of the Agreements (the “Assignment”) to Complex Zenith
Limited, a British Virgin Islands company wholly owned by the Sponsor (the “New Sponsor”) and the New
Sponsor wishes to accept such Assignment;

WHEREAS,
pursuant to each of the Agreements, the New Sponsor wishes to become a party to such Agreement and bound by the terms thereof in
accordance with the terms of such Agreement and this Joinder, and the other parties to each of the Agreements desire to have the
New Sponsor become a party to such Agreement in accordance with the terms of such Agreement and this Joinder; and

WHEREAS,
the parties wish to accommodate the Assignment pursuant to the terms and conditions of this Joinder.

NOW, THEREFORE,
in consideration of the mutual covenants and agreements set forth herein, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

1.                  
The Sponsor hereby assigns 431,250 Shares and 5,375,000 Warrants to the New Sponsor. Within a reasonable time after the
date hereof, the Sponsor shall instruct AST, (i) to record the transfer of the Shares and Warrants to the New Sponsor pursuant
to this Joinder and (ii) to confirm to the Sponsor in writing that such transfer has been duly recorded.

2.                  
Pursuant to each of the Agreements, the New Sponsor hereby: (i) acknowledges that the New Sponsor has received and reviewed
a complete copy of such Agreement; and (ii) acknowledges and agrees that upon execution and delivery of this Joinder to the other
parties to such Agreement, the New Sponsor shall become a party to such Agreement, and will be fully bound by, and subject to,
all of the terms and conditions of such Agreement, as amended or modified by this Joinder, as a party thereunder as though an original
party thereto for all purposes of such Agreement.

 

 

    	 	 (1)	 

    	 	 	 

     

3.                  
The Sponsor is hereby released from, and the respective parties of each of the Agreements hereby waives any and all claims,
rights and obligations that it may have against the Sponsor under, the terms of such Agreement.

4.                  
The Sponsor and the New Sponsor agree to execute and deliver such further instruments and documents and do such further
acts as the other parties to each of the Agreements may deem reasonably necessary or proper to carry out more effectively the purposes
of such Agreement or this Joinder.

5.                  
THIS JOINDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK,
WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES. This Joinder and the Agreements, together with the other documents or instruments
attached hereto or thereto or referenced herein or therein, constitutes the entire agreement by the New Sponsor with respect to
the subject matter hereof and thereof, and supersedes all prior agreements and understandings, both oral and written, by the New
Sponsor with respect to its subject matter. The terms of this Joinder shall be governed by, enforced, construed and interpreted
in a manner consistent with the provisions of each of the Agreements.

[Signature Page Follows]

 

 

 

    	 	 (2)	 

    	 	 	 

     

IN WITNESS WHEREOF,
the undersigned, by authority duly given, has caused this Securities Assignment and Joinder Agreement to be executed and delivered
by the undersigned or by its duly authorized officer as of the date first written above.

	
         

         

         
	
        NEW SPONSOR:

         

        COMPLEX ZENITH LIMITED

         

        By:/s/ Shih-Chung Chou

        Name:Shih-Chung Chou

        Title:Director

         
	 
	 	
         

        THE COMPANY:

         

        PROFICIENT ALPHA ACQUISITION CORP. 

         

        By: /s/ Kin Sze

        Name: Kin Sze

        Title: Chief Executive Officer

	 	
         

         

        THE SPONSOR:

         

         

        /s/ Shih-Chung Chou

        Shih-Chung Chou

         

	 	
         

         

        I-BANKERS:

         

         

        I-Bankers Securities, Inc.

         

        By: /s/ Mike McCrory

        Name: Mike McCrory

        Title: Chief Executive Officer

	 	
         

         

        AST:

         

        American Stock Transfer & Trust Company, LLC

         

        By: /s/ Michael A. Nespoli

        Name: Michael A. Nespoli

        Title: Executive Director

         

        INITIAL STOCKHOLDERS:

          

        /s/ Kin Sze

        Kin Sze

         

        /s/ Weixuan Luo

        Weixuan Luo

         

        /s/ Sheng Li

        Sheng Li

         

        /s/ Yuanjing Fan

        Yuanjing Fan

         

        /s/ Mike Bongiovanni

        Mike Bongiovanni

         

        /s/ Robert C. Cottone

        Robert C. Cottone

        

MGA HOLDINGS, LLC

 

By: /s/ William Gerhauser

Name: William Gerhauser

Title: Managing Member

 

CELTIC ASSET & EQUITY PARTNERS LTD.

 

By: /s/ Alexander V. Schinzing

Alexander V. Schinzing

Title: Managing Member

 

 

    	 	 (3)

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