Document:

Exhibit 10.2

 

EXECUTION VERSION

 

LOCK-UP AGREEMENT

 

This LOCK-UP AGREEMENT (this “Agreement”)
is made and entered into as of October 28, 2022, by and among Perfect Corp., a Cayman Islands exempted company with limited liability
(the “Company”), Provident Acquisition Corp., a Cayman Islands exempted company with limited liability (“PAQC”),
and the persons listed on Schedule A hereto (each, a “Company Shareholder” and collectively, the “Company
Shareholders”).

 

WHEREAS,
capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed thereto in the Agreement and Plan
of Merger, entered into as of March 3, 2022, by and among the Company, Beauty Corp., a Cayman Islands exempted company with limited
liability and a wholly-owned direct Subsidiary of the Company (“Merger Sub 1”), Fashion Corp., a Cayman Islands exempted
company with limited liability and a wholly-owned direct Subsidiary of the Company (“Merger Sub 2”), and PAQC, as amended
by the First Amendment to Agreement and Plan of Merger, entered into as of September 16, 2022, by and among the Company, Merger Sub
1, Merger Sub 2, and PAQC (collectively, the “Business Combination Agreement”), pursuant to which, among other things,
(a) Merger Sub 1 will merge with and into PAQC, whereupon the separate corporate existence of Merger Sub 1 will cease, and PAQC will
be the surviving company and continue its existence under the Cayman Islands Companies Act as a wholly owned Subsidiary of the Company
(the “First Merger”), and (b) immediately after the consummation of the First Merger, PAQC (as the surviving company
of the First Merger) will merge with and into Merger Sub 2, whereupon the separate corporate existence of PAQC will cease, and Merger
Sub 2 will be the surviving company and continue its existence under the Cayman Islands Companies Act as a wholly owned Subsidiary of
the Company (the “Second Merger” and, together with the First Merger, the “Mergers”);

 

WHEREAS,
each Company Shareholder is, as of the date of this Agreement, the beneficial and sole legal owner of the number of Pre-Recapitalization
Company Shares, set forth opposite such Company Shareholder’s name on Schedule A hereto (with respect to a Company Shareholder,
such Company Shareholder’s “Owned Shares”); and

 

WHEREAS,
as a condition to their willingness to enter into the Business Combination Agreement, the Company and PAQC have requested that each of
the Company Shareholders enter into this Agreement.

 

NOW,
THEREFORE, in consideration of the premises set forth above, which are incorporated into this Agreement as if fully set forth below,
and intending to be legally bound hereby, the parties hereto agree as follows:

 

Article 1

Representations and Warranties of the Company Shareholders

 

Each Company Shareholder severally and not jointly
hereby represents and warrants to the Company and PAQC as follows:

 

Section 1.01.      Corporate
Organization. Such Company Shareholder has been duly organized, is validly existing and is in good standing under the laws of its
jurisdiction of organization and has the requisite corporate power and authority to own, lease or operate its assets and properties and
to conduct its business as it is now being conducted. Such Company Shareholder if not an individual is duly licensed or qualified and
in good standing (where such concept is applicable) as a foreign entity in each jurisdiction in which the ownership of its property or
the character of its activities is such as to require it to be so licensed or qualified, except where failure to be so licensed or qualified
would not, individually or in the aggregate, reasonably be expected to prevent or materially delay or materially impair the ability of
such Company Shareholder to consummate the transactions contemplated hereby. If such Company Shareholder is an individual, such Company
Shareholder has full legal capacity, right and authority to execute and deliver this Agreement and to perform his or her obligations hereunder.

 

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Section 1.02.      Due
Authorization. Such Company Shareholder has all requisite corporate power and authority to execute and deliver this Agreement, to
perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution, delivery and performance of this
Agreement and the consummation of the transactions contemplated hereby have been duly and validly authorized on the part of such Company
Shareholder and no other corporate or equivalent proceeding on the part of such Company Shareholder is necessary to authorize this Agreement
or such Company Shareholder’s performance hereunder. This Agreement has been duly and validly executed and delivered by such Company
Shareholder and, assuming due and valid authorization, execution and delivery by each other party hereto, this Agreement constitutes a
legal, valid and binding obligation of such Company Shareholder, enforceable against such Company Shareholder in accordance with its terms,
subject to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and similar laws affecting or relating
to creditors’ rights generally and subject, as to enforceability, to general principles of equity, whether such enforceability is
considered in a proceeding in equity or at law (the “Enforceability Exceptions”). If this Agreement is being executed
in a representative or fiduciary capacity, the person signing this Agreement has full power and authority to enter into this Agreement
on behalf of such Company Shareholder.

 

Section 1.03.      Governmental
Authorities; Consents. Assuming the truth and completeness of the representations and warranties of other parties hereto contained
in this Agreement, no consent of or with any Governmental Authority on the part of such Company Shareholder is required to be obtained
or made in connection with the execution, delivery or performance by such Company Shareholder of this Agreement or the consummation by
such Company Shareholder of the transactions contemplated hereby, other than (a) applicable requirements, if any, of the Securities
Act, the Exchange Act, and/ or any state “blue sky” securities laws, and the rules and regulations thereunder and (b) where
the failure to obtain or make such consents or to make such filings or notifications would not prevent, impede or, in any material respect,
delay or adversely affect the performance by such Company Shareholder of its obligations under this Agreement.

 

Section 1.04.      No-Conflict.
The execution, delivery and performance by such Company Shareholder of this Agreement do not and will not (a) if such Company Shareholder
is not an individual, contravene or conflict with or violate any provision of, or result in the breach of the organizational documents
of such Company Shareholder, (b) contravene or conflict with or result in a violation of any provision of any Applicable Law, Permit
or Governmental Order binding upon or applicable to such Company Shareholder or any of its properties or assets, (c) violate, conflict
with, result in a breach of any provision of or the loss of any benefit under, constitute a default under, or result in the termination
or acceleration of, or a right of termination, cancellation, modification, acceleration or amendment under, accelerate the performance
required by, any of the terms, conditions or provisions of any Contract to which such Company Shareholder is a party, or (d) result
in the creation or imposition of any Lien upon any of the properties or assets of such Company Shareholder, except in the case of each
of clauses (b) through (d) that would not prevent, impede or, in any material respect, delay or adversely affect the performance
by such Company Shareholder of its obligations under this Agreement.

 

Section 1.05.      Owned
Shares. As of the date hereof, such Company Shareholder is the beneficial and sole legal owner of such Owned Shares, set forth opposite
such Company Shareholder’s name on Schedule A hereto and all such Owned Shares are owned by such Company Shareholder free and clear
of all Liens, other than Liens pursuant to this Agreement, the Business Combination Agreement, the Ancillary Agreements, the organizational
documents of the Company, the agreements set forth on Schedule B (the “Investment Agreements”), any applicable securities
laws or that would not, individually or in the aggregate, reasonably be expected to prevent, delay or impair the ability of such Company
Shareholder to perform its obligations under this Agreement. Such Company Shareholder does not legally own any Equity Securities of the
Company other than such Owned Shares, set forth opposite such Company Shareholder’s name on Schedule A hereto. Such Company Shareholder
has the sole right to vote such Owned Shares, and none of such Owned Shares is subject to any voting trust or other agreement, arrangement
or restriction with respect to the voting of the Owned Shares, except as contemplated by (a) this Agreement, (b) the Business
Combination Agreement, (c) the Ancillary Agreements, (d) the organizational documents of the Company, (e) the Investment
Agreements, (f) any applicable securities laws, or (g) that would not, individually or in the aggregate, reasonably be expected
to prevent, delay or impair the ability of such Company Shareholder to perform its obligations under this Agreement.

 

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Section 1.06.      Acknowledgment.
Such Company Shareholder understands and acknowledges that each of the Company and PAQC is entering into the Business Combination Agreement
in reliance upon such Company Shareholder’s execution and delivery of this Agreement. Such Company Shareholder has received a copy
of the Business Combination Agreement and is familiar with the provisions of the Business Combination Agreement.

 

Section 1.07.      Absence
of Litigation. With respect to such Company Shareholder, as of the date hereof, there is no action, suit, investigation or proceeding
pending against, or, to the knowledge of such Company Shareholder, threatened against, such Company Shareholder or any of such Company
Shareholder’s properties or assets (including such Company Shareholder’s Owned Shares) that could reasonably be expected to
prevent, delay or impair the ability of such Company Shareholder to perform its obligations hereunder.

 

Section 1.08.      Additional
Representations and Warranties of Individual Company Shareholder. Each Company Shareholder who is an individual severally and not
jointly hereby represents and warrants to the Company and PAQC that

 

(a)            such
Company Shareholder is not a minor, and is of full age and sound mind; and

 

(b)            such
Company Shareholder (i) has such knowledge and experience in financial and business matters that he or she is capable of evaluating
the risks of the transactions contemplated by this Agreement, the Business Combination Agreement and the Ancillary Agreements; and (ii) has
been given a copy of the Business Combination Agreement and the Ancillary Agreements, is knowledgeable regarding the structure of the
Transactions, including the basis and purpose of each of the Business Combination Agreement and the Ancillary Agreements to which he or
she is a party and the transactions contemplated thereby and the roles of each of the respective parties thereto, and based on such information
as the Company Shareholder deems appropriate, made its own analysis and decision to enter this Agreement.

 

Section 1.09.      Trust.
If such Company Shareholder is the beneficial owner of any Owned Shares held in trust, no consent of any beneficiary of such trust is
required in connection with the execution, delivery or the performance of such Company Shareholder’s obligations under this Agreement.

 

Article 2

Representations and Warranties of PAQC

 

PAQC hereby represents and warrants to each Company
Shareholder and the Company as follows:

 

Section 2.01.      Corporate
Organization. PAQC is an exempted company with limited liability duly incorporated, is validly existing and is in good standing under
the laws of the Cayman Islands and has the requisite corporate power and authority to own, lease or operate its assets and properties
and to conduct its business as it is now being conducted. PAQC is duly licensed or qualified and in good standing (where such concept
is applicable) as a foreign entity in each jurisdiction in which the ownership of its property or the character of its activities is such
as to require it to be so licensed or qualified, except where failure to be so licensed or qualified would not, individually or in the
aggregate, reasonably be expected to prevent or materially delay or materially impair the ability of PAQC to consummate the transactions
contemplated hereby.

 

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Section 2.02.      Due
Authorization. PAQC has all requisite corporate power and authority to execute and deliver this Agreement, (subject to the consents,
approvals, authorizations and other requirements described in Section 6.02 and Section 6.03 of the Business Combination Agreement)
to perform its obligations hereunder and to consummate the transactions contemplated hereby. The execution, delivery and performance of
this Agreement and the consummation of the transactions contemplated hereby have been duly and validly authorized and approved by the
board of directors of PAQC and no other corporate or equivalent proceeding on the part of PAQC is necessary to authorize this Agreement
or PAQC’s performance hereunder (except that the PAQC Shareholder Approval is a condition to the consummation of the Mergers). This
Agreement has been duly and validly executed and delivered by PAQC and, assuming due and valid authorization, execution and delivery by
each other party hereto, this Agreement constitutes a legal, valid and binding obligation of PAQC, enforceable against PAQC in accordance
with its terms, subject to the Enforceability Exceptions.

 

Section 2.03.      No-Conflict.
Subject to the receipt of the consents, approvals, authorizations and other requirements set forth in Section 6.03 of the Business
Combination Agreement and obtaining the PAQC Shareholder Approval, the execution, delivery and performance by PAQC of this Agreement and
the consummation of the transactions by PAQC contemplated hereby do not and will not (a) contravene or conflict with or violate any
provision of, or result in the breach of the PAQC Governing Document, (b) contravene or conflict with or result in a violation of
any provision of any Applicable Law, Permit or Governmental Order binding upon or applicable to PAQC or any of its properties or assets,
(c) violate, conflict with, result in a breach of any provision of or the loss of any benefit under, constitute a default under,
or result in the termination or acceleration of, or a right of termination, cancellation, modification, acceleration or amendment under,
accelerate the performance required by, any of the terms, conditions or provisions of any Contract to which PAQC is a party, or (d) result
in the creation or imposition of any Lien upon any of the properties or assets of PAQC (including the Trust Account), except in the case
of each of clauses (b) through (d) that would not prevent, impede or, in any material respect, delay or adversely affect the
performance by PAQC of its obligations under this Agreement.

 

Article 3

Representations and Warranties of the Company

 

The Company hereby represents and warrants to each
Company Shareholder and PAQC as follows:

 

Section 3.01.      Corporate
Organization. The Company is an exempted company with limited liability duly incorporated, is validly existing and is in good standing
under the laws of the Cayman Islands and has the requisite corporate power and authority to own, lease or operate its assets and properties
and to conduct its business as it is now being conducted. The Company is duly licensed or qualified and in good standing (where such concept
is applicable) as a foreign entity in each jurisdiction in which the ownership of its property or the character of its activities is such
as to require it to be so licensed or qualified, except where the failure to be so licensed or qualified would not, individually or in
the aggregate, have a Company Material Adverse Effect.

 

Section 3.02.      Due
Authorization. The Company has the requisite corporate power and authority to execute and deliver this Agreement, (subject to the
consents, approvals, authorizations and other requirements described in Section 5.02 and Section 5.03 of the Business Combination
Agreement) to perform all obligations to be performed by it hereunder and to consummate the transactions contemplated hereby. The execution,
delivery and performance of this Agreement and the consummation of the transactions contemplated hereby have been duly and validly authorized
and approved by the board of directors of the Company (the “Company Board”) and other than the consents, approvals,
authorizations and other requirements described in Section 5.03 or Section 5.04 of the Business Combination Agreement, no other
corporate proceeding on the part of the Company is necessary to authorize this Agreement or the Company’s performance hereunder.
This Agreement has been duly and validly executed and delivered by the Company and, assuming due and valid authorization, execution and
delivery by each other party hereto, this Agreement constitutes a legal, valid and binding obligation of the Company, enforceable against
the Company in accordance with its terms, subject to the Enforceability Exceptions.

 

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Section 3.03.      No-Conflict.
Subject to the receipt of the consents, approvals, authorizations, and other requirements set forth in Section 5.03 of the Business
Combination Agreement, the execution, delivery and performance by the Company of this Agreement and the consummation by the Company of
the transactions contemplated hereby do not and will not, (a) contravene or conflict with, or trigger shareholder rights that have
not been duly waived under, the memorandum and articles of association or other organizational documents of the Company or any of its
Subsidiaries, (b) contravene or conflict with or constitute a violation of any provision of any Applicable Law, Permit or Governmental
Order binding upon or applicable to the Company or any of its Subsidiaries or any of their respective assets or properties, (c) violate,
conflict with, result in a breach of any provision of or the loss of any benefit under, constitute a default under, or result in the termination
or acceleration of, or a right of termination, cancellation, modification, acceleration or amendment under, accelerate the performance
required by, any of the terms, conditions or provisions of any Significant Contract or (d) result in the creation or imposition of
any Lien on any asset, property or Equity Security of the Company or any of its Subsidiaries (other than any Permitted Liens), except
in the case of clauses (b) through (d) above as would not reasonably be expected to have, individually or, in the aggregate,
a Company Material Adverse Effect.

 

Article 4

Lock-up of Company Shareholders

 

Section 4.01.      Lock-Up
Provisions.

 

(a)            Subject
to the exceptions set forth herein, during the applicable Lock-Up Period (as defined below), each Company Shareholder agrees not to, without
the prior written consent of the Company Board (which must include the consent of the PAQC Designee), Transfer (as defined below) any
Locked-Up Shares (as defined below) held by such Company Shareholder; provided, however, if any Company Shareholder or Provident
Acquisition Holdings Ltd. or any of its affiliates enters into an agreement relating to the subject matter set forth in this Article 4
in connection with the Closing on terms and conditions that are less restrictive than those agreed to herein (or such terms and conditions
are subsequently relaxed including as a result of a modification, waiver, amendment, or written consent of the Company Board), then the
less restrictive terms and conditions shall apply to each Company Shareholder. The foregoing limitations shall remain in full force and
effect for a period of (i) for each Company Shareholder (other than CyberLink International Technology Corp.) who is not a member
of the Management, six (6) months from and after the Closing Date, and (ii) for CyberLink International Technology Corp. and
each Company Shareholder who is a member of the Management, twelve (12) months from and after the Closing Date (such periods set forth
in the foregoing clauses (i) and (ii), as applicable, the “Lock-Up Period”).

 

(b)            The
restrictions set forth in Section 4.01(a) (the “Lock-Up Restrictions”) shall not apply to:

 

(i)            in
the case of an entity, Transfers to (A) such entity’s officers or directors or any affiliate (as defined below) or immediate
family (as defined below) of any of such entity’s officers or directors, (B) any investment fund or other entity managing or
managed by such entity or affiliates of such entity, or who shares a common investment advisor with such entity, (C) any shareholder,
partner or member of such entity or their affiliates, (D) any affiliate of such entity, or (E) any employees of such entity
or of its affiliates;

 

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(ii)              in
the case of an individual, Transfers by gift to members of the individual’s immediate family or to a trust, the beneficiary of which
is a member of the individual’s immediate family, an affiliate of such Person or to a charitable organization;

 

(iii)            in
the case of an individual, Transfers by virtue of laws of descent and distribution upon death of the individual;

 

(iv)            in
the case of an individual, Transfers by operation of law or pursuant to a court order, such as a qualified domestic relations order, divorce
decree or separation agreement;

 

(v)              in
the case of an individual, Transfers to a partnership, limited liability company or other entity of which the undersigned and/or the immediate
family of the undersigned are the legal and beneficial owner of all of the outstanding equity securities or similar interests;

 

(vi)            in
the case of an entity that is a trust or a trustee of a trust, to a trustor or beneficiary of the trust, to the designated nominee of
a beneficiary of such trust or to the estate of a beneficiary of such trust;

 

(vii)            in
the case of an entity, Transfers by virtue of the laws of the state of the entity’s organization and the entity’s organizational
documents upon dissolution of the entity;

 

(viii)           Transfers
of any Company Class A Ordinary Shares acquired as part of the PIPE Financing;

 

(ix)             pledges
of any Locked-Up Shares to a financial institution that create a mere security interest in such Locked-Up Shares pursuant to a bona fide
loan or indebtedness transaction so long as the relevant Company Shareholder continues to control the exercise of the voting rights of
such pledged Locked-Up Shares as well as any foreclosures on such pledged Locked-Up Shares;

 

(x)              transactions
relating to Company Class A Ordinary Shares or other securities convertible into or exercisable or exchangeable for Company Class A
Ordinary Shares acquired in open market transactions after the Closing;

 

(xi)            Transfers
to the Company to satisfy tax withholding obligations pursuant to the Company’s equity incentive plans or arrangements;

 

(xii)            Transfers
to the Company pursuant to any contractual arrangement in effect at the Closing that provides for the repurchase by the Company or forfeiture
of the relevant Company Shareholder’s Company Ordinary Shares or other securities convertible into or exercisable or exchangeable
for Company Ordinary Shares in connection with the termination of such Company Shareholder’s service to the Company;

 

(xiii)           the
establishment of a trading plan that meets the requirements of Rule 10b5-1(c) under the Exchange Act (a “Trading Plan”);
provided, however, that no sales of Locked-Up Shares shall be made by the relevant Company Shareholder pursuant to such
Trading Plan during the applicable Lock-Up Period and no public announcement or filing is voluntarily made regarding such plan during
the applicable Lock-Up Period;

 

(xiv)           Transfers
made in connection with a liquidation, merger, share exchange or other similar transaction that results in all of the Company’s
shareholders having the right to exchange their Company Ordinary Shares for cash, securities or other property subsequent to the Closing
Date; and

 

 

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(xv)            transactions
to satisfy any U.S. federal, state, or local income tax obligations of the relevant Company Shareholder (or its direct or indirect owners)
arising from a change in the U.S. Internal Revenue Code of 1986, as amended (the “Code”), a change in or promulgation
of new U.S. Treasury Regulations, or promulgation of any judicial or administrative guidance, in each case, after the date on which the
Business Combination Agreement was executed by the parties, and such change or promulgation prevents the Mergers from qualifying as a
 “reorganization” pursuant to Section 368 of the Code, in each case, solely to the extent necessary to cover any tax liability
as a result of the transaction;

 

provided,
however, that in the case of clauses (i) through (viii), these permitted transferees must enter into a written agreement,
in substantially the form of this Agreement, agreeing to be bound by the Lock-Up Restrictions and shall have the same rights and benefits
under this Agreement.

 

(c)            For
the avoidance of doubt, each Company Shareholder shall retain all of its rights as a shareholder of the Company during the Lock-Up Period,
including the right to vote any Locked-Up Shares or receive any dividends or distributions thereon.

 

(d)            In
furtherance of the foregoing, the Company, and any duly appointed transfer agent for the registration or transfer of the Locked-Up Shares,
are hereby authorized to decline to make any transfer of securities if such Transfer would constitute a violation or breach of the Lock-Up
Restrictions.

 

(e)            The
Company shall remove, and shall cause to be removed (including by causing its transfer agent to remove), any legends, marks, stop-transfer
instructions or other similar notations pertaining to the lock-up arrangements herein from the book-entries evidencing any Locked-Up Shares
at the time any such share is no longer subject to the Lock-Up Restrictions (any such Locked-Up Share, a “Free Share”),
and shall take all such actions (and shall cause to be taken all such actions) necessary or proper to cause the Free Shares to be consolidated
under the CUSIP(s) and/or ISIN(s) applicable to the unrestricted Company Ordinary Shares or so that the Free Shares are in a
like position. Any holder of a Locked-Up Share is an express third-party beneficiary of this Section 4.01(e) and entitled to
enforce specifically the obligations of the Company set forth in this Section 4.01(e) directly against the Company.

 

Section 4.02.      Certain
Definitions. For purposes of this Article 4, the following terms shall have the following meanings:

 

“affiliate” shall have the meaning
set forth in Rule 405 under the Securities Act of 1933, as amended;

 

“immediate family” shall mean
a spouse, domestic partner, child, grandchild or other lineal descendant (including by adoption), father, mother, brother or sister of
an individual;

 

“Locked-Up Shares” shall mean,
with respect to each Company Shareholder, (a) any Company Ordinary Shares held by such Company Shareholder immediately after the
Second Merger Effective Time, (b) any Company Ordinary Shares issuable upon the exercise of options or warrants to purchase Company
Ordinary Shares held by such Company Shareholder immediately after the Second Merger Effective Time (along with such options or warrants
themselves), (c) any Company Ordinary Shares acquirable upon the conversion, exercise or exchange of any securities convertible into
or exercisable or exchangeable for Company Ordinary Shares held by such Company Shareholder immediately after the Second Merger Effective
Time (along with such securities themselves) and (d) any Shareholder Earnout Shares to the extent issued pursuant to the Business
Combination Agreement;

 

“Management” shall mean Alice
H. Chang (and her Affiliates, DVDonet.com. Inc., Golden Edge Co., Ltd. and World Speed Company Limited), Louis Chen and Johnny Tseng;

 

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“Transfer” shall mean, with
respect to any securities, any (a) sale of, offer to sell, contract or agreement to sell, hypothecation of, pledge of, grant of any
option, right or warrant to purchase or other transfer or disposition of, or agreement to transfer or dispose of, directly or indirectly,
or establishment or increase of a put equivalent position in respect of, or liquidation or decrease of a call equivalent position in respect
of, within the meaning of Section 16 of the Exchange Act, and the rules and regulations of the SEC promulgated thereunder, any
such securities, (b) entry into any “short sale” as defined in Rule 200 promulgated under Regulation SHO under the
Exchange Act, all types of direct and indirect stock pledge (other than pledge in the ordinary course of business as part of prime brokerage
arrangements), forward sales contract, option, put, call, swap or other arrangement that transfers to another, in whole or in part, any
of the economic consequences of ownership of any such securities, whether any such transaction is to be settled by delivery of such securities,
in cash or otherwise, including through non-U.S. broker dealers or foreign regulated brokers or (c) public announcement of any intention
to effect any transaction specified in clause (a) or (b).

 

Article 5

Certain Other Covenants of Company Shareholders

 

Section 5.01.      Confidentiality.
Each Company Shareholder shall be bound by and comply with Section 12.10 (Confidentiality) and Section 12.13 (Publicity)
of the Business Combination Agreement (and any relevant definitions contained in such section) as if (a) such Company Shareholder
was an original signatory to the Business Combination Agreement with respect to such provision, and (b) each reference to “Company”
contained in Section 12.10 and Section 12.13 of the Business Combination Agreement also referred to such Company Shareholder.
For the avoidance of doubt, (i) Company Shareholders shall only be bound by the provisions of Section 12.10 and Section 12.13
of the Business Combination Agreement if and to the extent such provisions continue to bind the Company and (ii) Company Shareholders
shall only be bound by the terms relating to confidentiality of the Confidentiality Agreement and the restrictions in Section 8 of
the Confidentiality Agreement shall not apply to any Company Shareholder. In the event that any filing, press release, public written
communication or statement with respect to the Transactions identifies any Company Shareholder (other than the Founder Parties), each
of PAQC and the Company agrees and acknowledges that it shall provide meaningful opportunity to such Company Shareholder to review and
give due consideration to reasonable comment by such Company Shareholder, prior to issuing such filing, press release, public written
communication or statement.

 

Section 5.02.      Consent
to Disclosure. Each Company Shareholder consents to and authorizes the Company or PAQC, as applicable, to publish and disclose in
all documents and schedules filed with the SEC or any other Governmental Authority or applicable securities exchange, and any press release
or other disclosure document that the Company or PAQC, as applicable, reasonably determines to be necessary or advisable in connection
with the Mergers or any other transactions contemplated by the Business Combination Agreement or this Agreement, such Company Shareholder’s
identity and shareholding in the Company, the existence of this Agreement and the nature of such Company Shareholder’s commitments
and obligations under this Agreement, and each Company Shareholder acknowledges that the Company or PAQC may, in their sole discretion,
file this Agreement or a form hereof with the SEC or any other Governmental Authority or securities exchange and agrees to promptly give
the Company or PAQC, as applicable, any information that is in its possession that the Company or PAQC, as applicable, may reasonably
request (but in any event only to the extent such information is required by applicable securities laws or the SEC or any other Governmental
Authority or applicable securities exchange) for the preparation of any such disclosure documents, and each Company Shareholder agrees
to promptly notify the Company and PAQC of any required corrections with respect to any written information supplied by it specifically
for use in any such disclosure document, if and to the extent that such Company Shareholder shall become aware that any such information
shall have become false or misleading in any material respect. Notwithstanding anything to the contrary herein, prior to disclosure of
any information with respect to a Company Shareholder, PAQC or the Company, as applicable, shall (to the extent practicable) provide such
Company Shareholder with a reasonable opportunity to review and comment upon the disclosure of the information relating to such Company
Shareholder in advance.

 

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Section 5.03.      Trust
Account Waiver. Each Company Shareholder acknowledges that PAQC is a blank check company with the powers and privileges to effect
a Business Combination. Each Company Shareholder further acknowledges that, as described in the prospectus dated January 7, 2021
(the “Prospectus”), substantially all of PAQC’s assets consist of the cash proceeds of PAQC’s initial public
offering and concurrent private placements of its securities and substantially all of the proceeds of the foregoing transactions have
been deposited in the Trust Account for the benefit of PAQC, its public shareholders and the underwriters of PAQC’s initial public
offering. Each Company Shareholder acknowledges that, except with respect to interest earned on the funds held in the Trust Account that
may be released to PAQC to pay its tax obligations, if any, the cash in the Trust Account may be disbursed only for the purposes set forth
in the Prospectus. For and in consideration of PAQC entering into this Agreement, the receipt and sufficiency of which are hereby acknowledged,
each Company Shareholder hereby irrevocably waives any right, title, interest or claim of any kind it has or may have in the future in
or to any monies in the Trust Account and agrees not to seek recourse against the Trust Account or any funds distributed therefrom as
a result of, or arising out of, this Agreement and any negotiations, contracts or agreements with PAQC or any other Person; provided,
however, that nothing in this ‎Section 5.03 shall amend, limit, alter, change, supersede or otherwise modify the
right of such Company Shareholder to (a) bring any action or actions for specific performance, injunctive and/or other equitable
relief or (b) bring or seek a claim for Damages against PAQC, or any of its successors or assigns, for any breach of this Agreement,
provided that such action(s) or claim pursuant to clauses (a) or (b) shall not be against the Trust Account or any
funds distributed from the Trust Account to holders of PAQC Ordinary Shares or other Persons in accordance with the PAQC Governing Document
and the Trust Agreement.

 

Article 6

General Provisions

 

Section 6.01.      Termination.
This Agreement shall be effective from the date hereof and shall terminate automatically and become void and of no further force or effect,
without any notice or other action by any Person, upon the earliest of (a) as to a Company Shareholder, the mutual written consent
of the Company, PAQC and such Company Shareholder, (b) the termination of the Business Combination Agreement in accordance with its
terms and (c) the date on which none of the Company, PAQC or any holder of a Locked-Up Share has any rights or obligations hereunder;
provided that, this Article 6 shall survive indefinitely and in the event that the Business Combination Agreement is not terminated
pursuant to its terms prior to the Closing, Article 5 shall also survive indefinitely. The termination of this Agreement shall not
relieve any party from any liability arising in respect of any willful and material breach of this Agreement prior to such termination.

 

Section 6.02.      Capacity
as a Company Shareholder. Each Company Shareholder signs this Agreement solely in such Company Shareholder’s capacity as a shareholder
of the Company, and not in such Company Shareholder’s capacity as a director or officer of the Company, if applicable.

 

Section 6.03.      Trusts.
If applicable, for purposes of this Agreement, the Company Shareholder with respect to any Owned Shares held in trust shall be deemed
to be the relevant trust and/or the trustees thereof acting in their capacities as such trustees, in each case as the context may require,
including for purposes of such trustees’ representations and warranties as to the proper organization of the trust, their power
and authority as trustees and the non-contravention of the trust’s governing instruments.

 

Section 6.04.      Notice.
All notices and other communications hereunder shall be in writing and shall be deemed to have been duly given (a) when delivered
in person, (b) when delivered after posting in the United States mail having been sent registered or certified mail return receipt
requested, postage prepaid, (c) when delivered by FedEx or other nationally recognized overnight delivery service or (d) when
e-mailed during normal business hours (and otherwise as of the immediately following Business Day) to the Company and PAQC in accordance
with Section 12.03 of the Business Combination Agreement and to each Company Shareholder at its address set forth on Schedule A hereto
(or at such other address for a party as shall be specified by like notice).

 

    	 	9	 

     

    

 

Section 6.05.      Entire
Agreement; Amendment. This Agreement (together with the Schedules and Exhibits to this Agreement) constitutes the entire agreement
and understanding between the parties hereto relating to the subject matter hereof and the transactions contemplated hereby and supersedes
any other agreements and understandings, whether written or oral, that may have been made or entered into by or between the parties hereto
relating to the subject matter hereof or the transactions contemplated hereby. This Agreement may not be changed, amended, modified or
waived (other than to correct a typographical error) as to any particular provision, except by a written instrument executed by all parties
hereto.

 

Section 6.06.      Assignment.
No party hereto shall assign this Agreement or any part hereof without the prior written consent of the other parties hereto, except that,
for the avoidance of doubt, in connection with a Transfer of any Locked-Up Shares in accordance with the terms of this Agreement, transferee
to whom such Locked-Up Shares are transferred shall thenceforth be entitled to all the rights and be subject to all the obligations under
this Agreement; provided, that no such assignment shall relieve the assigning party of its obligations hereunder. Subject to the
foregoing, this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted
assigns. Any attempted assignment in violation of the terms of this Section 6.06 shall be null and void, ab initio. For the
avoidance of doubt, no Transfer of Company Ordinary Shares, Locked-Up Shares or Free Shares shall be (or be deemed to be) an assignment
of this Agreement or the rights or obligations hereunder.

 

Section 6.07.      Rights
of Third Parties. The parties hereto hereby agree that their respective representations and warranties set forth herein are solely
for the benefit of the other parties hereto, in accordance with and subject to the terms of this Agreement, and nothing expressed or implied
in this Agreement is intended or shall be construed to confer upon or give any Person, other than the parties hereto, any right or remedies
under or by reason of this Agreement, including, without limitation, the right to rely upon the accuracy or completeness of the representations
and warranties set forth herein.

 

Section 6.08.      Governing
Law. This Agreement, and all Actions based upon, arising out of, or related to this Agreement or the transactions contemplated hereby,
shall be governed by, and construed in accordance with, the Laws of the State of New York, without giving effect to principles or rules of
conflict of laws to the extent such principles or rules would require or permit the application of Laws of another jurisdiction.
Subject to ‎‎Section 12.15 of the Business Combination Agreement, any Action based upon, arising out of or related
to this Agreement or the transactions contemplated hereby shall be settled by arbitration to be held in Hong Kong, which shall be administered
by the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the HKIAC Administered Arbitration
Rules in force at the time of the commencement of the arbitration. There shall be three (3) arbitrators, among which one (1) shall
be appointed by the claimant, one (1) appointed by the respondent and one (1) appointed by the Secretary General of the HKIAC.
The arbitration shall be conducted in English. The award of the arbitral tribunal shall be final and binding upon the parties thereto,
and the prevailing party may apply to a court of competent jurisdiction for enforcement of such award.

 

Section 6.09.      Enforcement.
Each of the parties hereto agrees that irreparable damage for which monetary damages, even if available, would not be an adequate remedy,
would occur in the event that the parties do not perform their obligations under the provisions of this Agreement (including failing to
take such actions as are required of them hereunder to consummate this Agreement) in accordance with its specified terms or otherwise
breach such provisions. The parties acknowledge and agree that (a) the parties shall be entitled to an injunction, specific performance,
or other equitable relief, to prevent breaches of this Agreement and to enforce specifically the terms and provisions hereof, without
proof of damages, prior to the valid termination of this Agreement in accordance with Section 6.01, this being in addition to any
other remedy to which they are entitled under this Agreement, and (b) the right of specific enforcement is an integral part of the
transactions contemplated by this Agreement and without that right, none of the parties would have entered into this Agreement. Each party
agrees that it will not allege, and each party hereby waives the defense, that the other parties have an adequate remedy at law or that
an award of specific performance is not an appropriate remedy for any reason at law or equity. The parties acknowledge and agree that
any party seeking an injunction to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement
in accordance with this Section 6.09 shall not be required to provide any bond or other security in connection with any such injunction.

 

    	 	10	 

     

    

 

Section 6.10.      Counterparts.
This Agreement may be executed in two or more counterparts (any of which may be delivered by electronic transmission), each of which shall
constitute an original, and all of which taken together shall constitute one and the same instrument. Delivery by email to counsel for
the other parties of a counterpart executed by a party shall be deemed to meet the requirements of the previous sentence.

 

Section 6.11.      Bulletin
No. 7. From and after the Closing, the Company shall indemnify and hold harmless, on an after-tax basis, each Company Shareholder
forthwith on demand from and against all Transfer Taxes (as defined in the Business Combination Agreement) and penalties or interests
thereon pursuant to Bulletin No. 7 asserted by a Governmental Authority in the People’s Republic of China and all reasonable
costs and expenses incurred by such Company Shareholder, in each case, arising or resulting from or in connection with the transactions
contemplated under the Business Combination Agreement. “Bulletin No. 7” shall mean Bulletin No. 7 issued
by the State Taxation Administration of the People’s Republic of China on February 3, 2015, titled “Bulletin on Certain
Questions relating to the Enterprise Income Tax of Indirect Transfers of Assets by Non-Resident Enterprises (关于非居民企业间接转让财产企业所得税若干问题的公告)”,
and any amendment, implementing rules, or official interpretation thereof or any replacement, successor or alternative legislation having
the same subject matter thereof. The indemnification obligations provided herein shall terminate upon the expiration of forty-eight (48)
months after the Closing.

 

[Signature Pages Follow]

 

    	 	11	 

     

    

 

IN WITNESS WHEREOF, the parties hereto have hereunto
caused this Agreement to be duly executed as of the date hereof.

 

	 	PERFECT CORP.
	 	 
	 	By:	 /s/ Alice H. Chang
	 	Name: Alice H. Chang
	 	Title:   Chief Executive Officer

 

[Signature
Page to Lock-up Agreement]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, the parties hereto have hereunto
caused this Agreement to be duly executed as of the date hereof.

 

	 	PROVIDENT ACQUISITION CORP.
	 	 
	 	By:	/s/ Michael Aw Soon Beng
	 	Name: Michael Aw Soon Beng
	 	Title:   Chief Executive Officer

 

[Signature
Page to Lock-up Agreement]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	CyberLink International Technology Corp.
	 	 
	 	By:	/s/ Jau-Hsiung Huang
	 	Name: Jau-Hsiung Huang
	 	Title:   Director

 

[Signature
Page to Lock-up Agreement]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	IDEAL MAX MANAGEMENT LIMITED
	 	 
	 	
    By:
	/s/ Alice H. Chang

	 	Name:	Alice H. Chang
	 	Title:	Director

 

	 	PERFECT AA CORP.
	 	 
	 	
    By:
	/s/ Sun Liang-Chu

	 	Name:	Sun Liang-Chu
	 	Title:	Director

 

[Signature Page to
Lock-up Agreement]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	GOLDEN EDGE CO., LTD.
	 	 
	 	By:	/s/ Chen, Hsiao-Chuan
	 	Name: Chen, Hsiao-Chuan
	 	Title:   Director

 

[Signature
Page to Lock-up Agreement]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	DVDonet.com. Inc.
	 	 
	 	By:	/s/ Sun, Liang-Chu
	 	Name: Sun, Liang-Chu
	 	Title:   Director

  

[Signature
Page to Lock-up Agreement]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	
    Ningbo New Summit Private Equity Fund I L.P.

    宁波创世一期股权投资基金合伙企业(有限合伙)

	 	 
	 	
    By:
	/s/ Zhou Wei
                                       
	 	Name: Zhou Wei
	 	Title:   Authorized Signatory

 

[Signature
Page to Lock-up Agreement]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	
    The Kleinrock 1990 Trust

	 	 
	 	
    By:
	/s/ Leonard Kleinrock

	 	Name: Leonard Kleinrock
	 	Title:   Trustee

 

	 	
    LMRN, L.P.

	 	 
	 	
    By:
	/s/ Leonard Kleinrock

	 	Name: Leonard Kleinrock
	 	Title:   General Partner

 

[Signature
Page to Lock-up Agreement]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	
    CCV Fund I LP

	 	 
	 	
    By:
	/s/ Zhou Wei

	 	Name: Zhou Wei
	 	Title:   Authorized Signatory

 

[Signature
Page to Lock-up Agreement]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	
    Extol Capital LP

	 	 
	 	
    By:
	/s/ Alex Ok

	 	Name: Alex Ok
	 	Title:   Managing Partner

 

[Signature
Page to Lock-up Agreement]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	
    Yuanta Asia Investment (Hong Kong) Limited

	 	 
	 	
    By:
	/s/ Yu, Hsiao-Tsui

	 	Name: Yu, Hsiao-Tsui
	 	Title:   President

 

[Signature
Page to Lock-up Agreement]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	
    World Speed Company Limited

	 	 
	 	
    By:
	/s/ Sun, Liang-Chu

	 	Name: Sun, Liang-Chu
	 	Title:   Director

 

[Signature
Page to Lock-up Agreement]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	
    Taobao China Holding Limited

	 	 
	 	
    By:
	/s/ Lei Jin
             
	 	Name: Lei Jin
	 	Title:   Authorized Signatory

 

[Signature
Page to Lock-up Agreement]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	Goldman Sachs Asia Strategic II Pte. Ltd.
	 	 
	 	
    By:
	/s/ Tan Ching Chek

    

	 	Name: Tan Ching Chek
	 	Title:   Director

 

	 	
    StoneBridge 2020, L.P.

     

    By: Bridge Street Opportunity Advisors, L.L.C., its general partner

	 	 
	 	
    By:
	/s/ William Y. Eng

    

	 	Name: William Y. Eng
	 	Title:   Vice President

 

	 	
    StoneBridge 2020 Offshore Holdings II, L.P.

     

    By: Bridge Street Opportunity Advisors, L.L.C., its general partner

	 	 
	 	
    By:
	/s/ William Y. Eng

    

	 	Name: William Y. Eng
	 	Title:   Vice President

 

[Signature
Page to Lock-up Agreement]

 

    	 	 	 

     

    

 

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	
    MC Investment Asset Holdings LLC

	 	 
	 	
    By:
	/s/ Steve Hwang

	 	Name: Steve Hwang
	 	Title:   Authorized Signatory

 

[Signature Page to
Lock-up Agreement]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	
    The Robin Schorr 2020 Irrevocable Trust

	 	 
	 	
    By:
	/s/ Harvey Bookstein

	 	Name: Harvey Bookstein
	 	Title:   Trustee

 

[Signature Page to
Lock-up Agreement]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	
    The Martin Kleinrock 2020 Irrevocable Trust

	 	 
	 	
    By:
	/s/ Harvey Bookstein

	 	Name: Harvey Bookstein
	 	Title:   Trustee

 

[Signature Page to
Lock-up Agreement]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	
    The Lynn Hirschberg 2020 Irrevocable Trust

	 	 
	 	
    By:
	/s/ Harvey Bookstein

	 	Name: Harvey Bookstein
	 	Title:   Trustee

 

[Signature Page to
Lock-up Agreement]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	
    The Nancy Kleinrock 2020 Irrevocable Trust

	 	 
	 	
    By:
	/s/ Harvey Bookstein

	 	Name: Harvey Bookstein
	 	Title:   Trustee

 

[Signature Page to
Lock-up Agreement]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	
    The Leonard and Stella Schuler Kleinrock Irrevocable Trust #1

	 	 
	 	
    By:
	/s/ Harvey Bookstein

	 	Name: Harvey Bookstein
	 	Title:   Trustee

 

[Signature Page to
Lock-up Agreement]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	
    Weichuan Liu

	 	 
	 	/s/ Weichuan
    Liu                       

 

[Signature Page to
Lock-up Agreement]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	
    Chen Wan-Hsiu

	 	 
	 	/s/ Chen Wan-Hsiu

 

[Signature Page to
Lock-up Agreement]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	
    Richard Carriere

	 	 
	 	/s/ Richard Carriere

 

[Signature Page to
Lock-up Agreement]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	
    Lee Shyu Mei-Lan

	 	 
	 	/s/ Lee Shyu Mei-Lan

 

[Signature Page to
Lock-up Agreement]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	
    Chen Shih-Pin

	 	 
	 	/s/ Chen Shih-Pin

 

[Signature Page to
Lock-up Agreement]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	
    Ouh Young Ming

	 	 
	 	/s/ Ouh Young Ming

 

[Signature Page to
Lock-up Agreement]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	
    Chou Hung-Te

	 	 
	 	/s/ Chou Hung-Te

 

[Signature Page to
Lock-up Agreement]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	
    Huang Ho-Chao

	 	 
	 	/s/ Huang Ho-Chao

 

[Signature Page to
Lock-up Agreement]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	
    Lee Cheng-Hsu

	 	 
	 	/s/ Lee Cheng-Hsu

 

[Signature Page to
Lock-up Agreement]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	
    Hsiao Teng-Yuan

	 	 
	 	/s/ Hsiao Teng-Yuan

 

[Signature Page to
Lock-up Agreement]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	
    Ku Mei-Chun

	 	 
	 	/s/ Ku Mei-Chun

 

[Signature Page to
Lock-up Agreement]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	
    Chen Pin-Jen

	 	 
	 	/s/ Chen Pin-Jen

 

[Signature Page to
Lock-up Agreement]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	
    Lin Chao-Hung

	 	 
	 	/s/ Lin Chao-Hung

 

[Signature Page to
Lock-up Agreement]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	
    Yeh Tse-Yung

	 	 
	 	/s/ Yeh Tse-Yung

 

[Signature Page to
Lock-up Agreement]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	
    Chen Hsiao-Chuan

	 	 
	 	/s/ Chen Hsiao-Chuan

 

[Signature Page to
Lock-up Agreement]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	
    Peng Su-Wen

	 	 
	 	/s/ Peng Su-Wen

 

[Signature Page to
Lock-up Agreement]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	
    Lee Te-Yu

	 	 
	 	/s/ Lee Te-Yu

 

[Signature Page to
Lock-up Agreement]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	
    Kuo Chia-Chen

	 	 
	 	/s/ Kuo Chia-Chen

 

[Signature Page to
Lock-up Agreement]

 

    	 	 	 

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	
    Lee Ya-Hui

	 	 
	 	/s/ Lee Ya-Hui

 

[Signature Page to
Lock-up Agreement]

 

    	 	 	 

     

    

 

 

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	Yorinobu Isozaki
	 	 
	 	 
	 	/s/
    Yorinobu Isozaki

 

[Signature Page to Lock-up Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	Noritaka Baba
	 	 
	 	 
	 	/s/
    Noritaka Baba

 

[Signature Page to Lock-up Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	Lin Chi-Ying
	 	 
	 	 
	 	/s/
    Lin Chi-Ying

 

[Signature Page to Lock-up Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	Huang Jui-Ping
	 	 
	 	 
	 	/s/
    Huang Jui-Ping

 

[Signature Page to Lock-up Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	Huang Jui-Tung
	 	 
	 	 
	 	/s/
    Huang Jui-Tung

 

[Signature Page to Lock-up Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	Lu Wen-Chuan
	 	 
	 	 
	 	/s/
    Lu Wen-Chuan

 

[Signature Page to Lock-up Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	Wu Meng-Heng
	 	 
	 	 
	 	/s/
    Wu Meng-Heng

 

[Signature Page to Lock-up Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	Liao Chung-Chun
	 	 
	 	 
	 	/s/
    Liao Chung-Chun

 

[Signature Page to Lock-up Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	Liao I-Chun
	 	 
	 	 
	 	/s/
    Liao I-Chun

  

[Signature Page to Lock-up Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	Tsen Wei-Hsin
	 	 
	 	 
	 	/s/
    Tsen Wei-Hsin

 

[Signature Page to Lock-up Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	Chao Li-Huang
	 	 
	 	 
	 	/s/
    Chao Li-Huang

 

[Signature Page to Lock-up Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	Lee Chu-Hsin
	 	 
	 	 
	 	/s/
    Lee Chu-Hsin

  

[Signature Page to Lock-up Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	Alice H. Chang
	 	 
	 	 
	 	/s/
    Alice H. Chang

 

[Signature Page to Lock-up Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	Huang Jau-Hsiung
	 	 
	 	 
	 	/s/
    Huang Jau-Hsiung

  

[Signature Page to Lock-up Agreement]

 

     

     

    

 

IN WITNESS WHEREOF, the parties
hereto have hereunto caused this Agreement to be duly executed as of the date hereof.

 

	 	Huang Yi-Chen
	 	 
	 	 
	 	/s/
    Huang Yi-Chen

  

[Signature Page to Lock-up Agreement]

 

     

     

    

 

Schedule A

 

	Company 

Shareholder	Number of Pre-Recapitalization

 Company Shares	Notice Address
	CyberLink International Technology Corp.	
    Common Shares: 147,000,000

     

    Preferred A Shares: 21,213,073

     

    Preferred A-1 Shares: 23,098,680

     

    Preferred B Shares: 9,773,153

     

    Preferred C-2 Shares: 5,988,089
	
    Address: 2F., No.21-0, Ln. 85, Sec. 1, Baoyuan Rd., Xindian Dist.,
    New Taipei City 231, Taiwan

     

    E-mail: jau@cyberlink.com

     

    Attention: Huang, Jau-Hsiung

	IDEAL MAX MANAGEMENT LIMITED	Common Shares:  24,478,800	
    Address: Sea Meadow House, Blackburne Highway, (P.O. Box 116),
    Road Town, Tortola, British Virgin Islands

     

    E-mail: alice@perfectcorp.com

     

    Attention: Chang, Hua-Jen

	Perfect AA Corp.	Common Shares:  28,895,100	
    Address: 14F, No. 98, Minquan Rd., Xindian City, New Taipei City
    231, Taiwan

     

    E-mail: teresa529669@gmail.com

     

    Attention: Sun, Liang-Chu

	GOLDEN EDGE CO., LTD.	Common Shares:  60,000,000	
    Address: Palm Grove House, (P.O. Box 438), Road Town, Tortola,
    British Virgin Islands

     

    E-mail: iris_chen@perfectcorp.com

     

    Attention: Chen, Hsiao-Chuan

	DVDonet.com. Inc.	
    Common Shares: 21,000,000

     

    Preferred A-1 Shares: 5,373,978
	
    Address: Palm Grove House, P.O. Box 438, Road Town, Tortola, British
    Virgin Islands

     

    Email: teresa529669@gmail.com

     

    Attention: Sun Liang Chu

	Ningbo New Summit Private Equity Fund I L.P.	
    Preferred A Shares: 14,142,049

     
	
    Address: Suite 1101, 11/F, Radiance Tower, Qiyang Road, WangJing,
    Chaoyang District, Beijing, 100102, China

    Facsimile number: +86 010 84722350

     

    E-mail: mliu@ccvcap.com

     

    Attention: Maria Liu

 

    A-1

     

    

 

	The Kleinrock 1990 Trust	
    Preferred A Shares: 957,007

     

    Preferred B Shares: 118,461

     

    Preferred C-2 Shares: 300,728
	
    Address: 601 N Elm Dr, Beverly Hills, CA 90210-3420, USA

     

    E-mail: lk@cs.ucla.edu

     

    Attention: Leonard Kleinrock

	LMRN, L.P.	
    Preferred A Shares: 2,357,007

     

    Preferred B Shares: 118,461

     

    Preferred C-2 Shares: 300,728
	
    Address: 601 N Elm Dr, Beverly Hills, CA 90210-3420, USA

     

    E-mail: lk@cs.ucla.edu

     

    Attention: Leonard Kleinrock

	CCV Fund I LP	
    Preferred A Shares: 7,071,024

     

    Preferred A-1 Shares: 9,428,033

     

    Preferred B Shares: 1,697,953
	
    Address: Suite 1101, 11/F, Radiance Tower, Qiyang Road, Wangjing,
    Chaoyang District, Beijing, China

     

    Facsimile: +86 10 8472 2350

     

    Email: mliu@ccvcap.com

     

    Attention: Maria LIU

	Extol Capital LP	Preferred A-1 Shares:  3,142,678	
    Address: 721 Foothill Rd., Beverly Hills, CA. 90210, USA

     

    E-mail: alexok21@gmail.com

     

    Attention: Alex Ok

	Yuanta Asia Investment (Hong Kong) Limited	
    Preferred A-1 Shares: 3,142,678

     

    Preferred C-2 Shares: 732,171
	
    Address:
    Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, Virgin Islands (British)

     

    E-mail: Allie_Yu@yuanta.com

     

    Attention:
    游曉翠 Allie_Yu

	World Speed Company Limited	Preferred A-1 Shares:   2,954,116	
    Address: Palm Grove House, P.O. Box 438, Road Town, Tortola, British
    Virgin Islands

     

    Email: teresa529669@gmail.com

     

    Attention: Sun Liang Chu

	Taobao China Holding Limited	Preferred B Shares:   61,498,412	
    c/o Alibaba Group Services Limited

     

    Address: 26th Floor, Tower one, Times Square, 1 Matheson Street, Causeway
    Bay, Hong Kong

     

    Attention: General Counsel

     

    Email:legalnotice@list.alibaba-inc.com

     

    Tel:+852 2215 5200

	Goldman Sachs Asia Strategic II Pte. Ltd.	
    Perferred C-1 Shares: 13,016,596

     

    Perferred C-2 Shares: 23,429,492
	
    Address: 68/F Cheung Kong Center, 2 Queen’s Road Central, Hong
    Kong

     

    E-mail: Xinyi.Feng@hk.ibd.email.gs.com

     

    Attention: Xinyi Feng

 

    A-2

     

    

 

	StoneBridge 2020, L.P.	
    Perferred C-1 Shares: 2,135,884

     

    Perferred C-2 Shares: 3,844,528
	
    Address: 68/F Cheung Kong Center, 2 Queen’s Road Central, Hong
    Kong

     

    E-mail: Bowen.Han@gs.com

     

    Attention: Bowen Han

	StoneBridge 2020 Offshore Holdings II, L.P.	
    Perferred C-1 Shares: 1,118,265

     

    Perferred C-2 Shares: 2,012,844
	
    Address: 68/F Cheung Kong Center, 2 Queen’s Road Central, Hong
    Kong

     

    E-mail: Bowen.Han@gs.com

     

    Attention: Bowen Han

	MC Investment Asset Holdings LLC	Preferred C-2 Shares:  21,965,148	
    Address: 2772 Donald Douglas Loop North, Santa Monica, CA 90405

     

    E-mail: legalnotices@snap.com

     

    Attention: General Counsel

	The Robin Schorr 2020 Irrevocable Trust	Preferred A Shares:  280,000	
    Address: 16513 Esprit Lane, Encino, CA 91436

     

    E-mail: harvey@har-llc.com

     

    Attention: Harvey Bookstein

	The Martin Kleinrock 2020 Irrevocable Trust	Preferred A Shares:  280,000	
    Address: 16513 Esprit Lane, Encino, CA 91436

     

    E-mail: harvey@har-llc.com

     

    Attention: Harvey Bookstein

	The Lynn Hirschberg 2020 Irrevocable Trust	Preferred A Shares: 280,000	
    Address: 16513 Esprit Lane, Encino, CA 91436

     

    E-mail: harvey@har-llc.com

     

    Attention: Harvey Bookstein

	The Nancy Kleinrock 2020 Irrevocable Trust	Preferred A Shares: 280,000	
    Address: 16513 Esprit Lane, Encino, CA 91436

     

    E-mail: harvey@har-llc.com

     

    Attention: Harvey Bookstein

	The Leonard and Stella Schuler Kleinrock Irrevocable Trust #1	Preferred A Shares:   280,000	
    Address: 16513 Esprit Lane, Encino, CA 91436

     

    E-mail: harvey@har-llc.com

     

    Attention: Harvey Bookstein

	Weichuan Liu 	Common Shares:  2,130,000	1127 Hunterston Pl., Cupertino, CA 95014, USA

 

    A-3

     

    

 

	Chen Wan-Hsiu	Common Shares:  300,000	5F., No. 19, Ln. 118, Wuxing St., Xinyi Dist., Taipei City 110, Taiwan
	Richard Carriere	Common Shares:  150,000	3675 Alta Mesa Drive, Studio City, CA 91604, USA
	Lee Shyu Mei-Lan	Common Shares:  6,000,000	8F., No. 27, Ln. 96, Sec. 1, Beixin Rd., Xindian Dist., New Taipei City 231, Taiwan
	Chen Shih-Pin	Common Shares:  400,000	4F., No. 13, Ln. 86, Sec. 3, Xinsheng S. Rd., Da’an Dist., Taipei City 106, Taiwan
	Ouh Young Ming	Common Shares:  240,000	2, 9th Floor, Alley 18, Lane 397, Ming-Shui Road, Taipei 104, Taiwan
	Chou Hung-Te	Common Shares:  2,863,200	24F.-1, No. 109, Minquan Rd., Xidian Dist., New Taipei City 231, Taiwan
	Huang Ho-Chao	Common Shares:  2,000,000	11F., No. 65, Minquan Rd., Xindian Dist., New Taipei City 231, Taiwan
	Lee Cheng-Hsu	Common Shares:  1,536,000	3F., No. 23, Taozhi Rd., Taoyuan Dist., Taoyuan City 330, Taiwan
	Hsiao Teng-Yuan	Common Shares:  1,600,000	5F.-1, No. 41, Sec. 2, Anhe Rd., Da’an Dist., Taipei City 106, Taiwan
	Ku Mei-Chun	Common Shares:  750,000	7F., No. 93, Aly. 3, Ln. 182, Sec. 2, Wenhua Rd., Banqiao Dist., New Taipei City 220, Taiwan
	Chen Pin-Jen	Common Shares:  1,601,250	12F., No. 153, Sec. 2, Changjiang Rd., Banqiao Dist., New Taipei City 220, Taiwan
	Lin Chao-Hung	Common Shares: 720,000	2F., No. 30, Ln. 150, Mingde Rd., Beitou Dist., Taipei City 112, Taiwan
	Yeh Tse-Yung	Common Shares:  800,000	4F., No. 13, Ln. 36, Ren’ai St., Zhonghe Dist., New Taipei City 235, Taiwan
	Chen Hsiao-Chuan	Common Shares:  395,000	5F., No. 26, Ln. 24, Sec. 3, Chengde Rd., Datong Dist., Taipei City 103, Taiwan
	Peng Su-Wen	Common Shares:  512,000	8F., No. 1-2, Aly. 96, Ln. 11, Jinxiu Rd., Xindian Dist., New Taipei City 231, Taiwan

 

    A-4

     

    

 

	Lee Te-Yu	Common Shares:  720,000	10F., No. 133, Sec. 3, Ren’ai Rd., Da’an Dist., Taipei City 106, Taiwan
	Kuo Chia-Chen	Common Shares:  240,000	6F, No. 85, Ln 162, Jingye 3rd Rd., Zhongshan Dist., Taipei City, 106, Taiwan
	Lee Ya-Hui	Common Shares:  490,000	4F., No. 10, Aly. 8, Ln. 166, Sec. 6, Roosevelt Rd., Wenshan Dist., Taipei City 116, Taiwan
	Yorinobu Isozaki	Common Shares:  63,000	4-6-6-504 Konan, Minato-ku, Tokyo, 108-0075, Japan
	Noritaka Baba	Common Shares:  160,000	5-16-20, Tsuruma, Machida-city, Tokyo, 194-0004, Japan
	Lin Chi-Ying	Common Shares:  1,580,000	9F.-1, No. 8, Ln. 121, Anmin St., Xindian Dist., New Taipei City 231, Taiwan
	Huang Jui-Ping	Common Shares:  686,250	No. 11, Ln. 10, Xinfu E. St., Taiping Dist., Taichung City 411022, Taiwan
	Huang Jui-Tung	Common Shares:  686,250	No. 600-6, Sec. 2, Huandao N. Rd., Jinning Township, Kinmen County 892, Taiwan
	Lu Wen-Chuan	Common Shares: 750,000	4F., No. 1, Ln. 25, Zhulin Rd., Yonghe Dist., New Taipei City 234, Taiwan
	Wu Meng-Heng	Common Shares: 800,000	5F., No. 20, Ln. 157, Sec. 3, Xinyi Rd., Da’an Dist., Taipei City 106, Taiwan
	Liao Chung-Chun	Common Shares: 366,000	10F., No. 620, Xinxing Rd., Wuri Dist., Taichung City 414, Taiwan
	Liao I-Chun	Common Shares: 366,000	3F.-1, No. 22, Xingde St., Wuri Dist., Taichung City 414, Taiwan
	Tsen Wei-Hsin	Common Shares: 4,873,200	No. 1-5, Ln. 10, Huacheng Rd., Xindian Dist., New Taipei City 231, Taiwan
	Chao Li-Huang	Common Shares: 482,475	5F., No. 75, Zhongyang 7th St., Xindian Dist., New Taipei City 231, Taiwan
	Lee Chu-Hsin	Common Shares: 4,857,980	No. 2, Ln. 16, Dingcheng 2nd St., Xindian Dist., New Taipei City 231, Taiwan

 

    A-5

     

    

 

	Alice H. Chang	Common Shares: 5,500,000	4F, No. 65, Minquan Rd., Xindian City, New Taipei City 231, Taiwan
	Huang Jau-Hsiung	Common Shares: 837,500	4F, No. 65, Minquan Rd., Xindian City, New Taipei City 231, Taiwan
	Huang Yi-Chen	Common Shares: 1,319,500	4F, No. 65, Minquan Rd., Xindian City, New Taipei City 231, Taiwan

 

    A-6

     

    

 

Schedule B

 

		1.	Second Amended and Restated Shareholders Agreement of the Company dated December 18, 2020.

 

		2.	Amendment No. 1 to the Second Amended and Restated Shareholders Agreement of the Company dated October 5, 2021.

 

    B-1Exhibit 10.3

 

EXECUTION VERSION

 

REGISTRATION RIGHTS AGREEMENT

 

THIS REGISTRATION RIGHTS AGREEMENT (as the same
may be amended, supplemented, restated or otherwise modified from time to time in accordance with the terms hereof, this “Agreement”),
dated as of October 28, 2022, is made and entered into by and among:

 

(a)            Perfect
Corp., a Cayman Islands exempted company with limited liability (the “Company”);

 

(b)            Provident
Acquisition Holdings Ltd., a Cayman Islands exempted company with limited liability (the “Sponsor”); and

 

(c)            certain
shareholders of the Company, as set forth on Schedule A hereto (the “Legacy Equityholders” and, together with the Sponsor
and any person or entity who hereafter becomes a party to this Agreement pursuant to Section 5.02 of this Agreement, a “Holder”
and, collectively the “Holders”).

 

Capitalized terms used but not defined herein shall
have the meanings ascribed to them in the Business Combination Agreement.

 

RECITALS

 

WHEREAS,
Provident Acquisition Corp. (“PAQC”), the Company, Beauty Corp., a Cayman Islands exempted company with limited
liability and a wholly-owned Subsidiary of the Company (“Merger Sub 1”), and Fashion Corp., a Cayman Islands exempted
company with limited liability and a wholly owned Subsidiary of the Company (“Merger Sub 2”), entered into that certain
Agreement and Plan of Merger, dated as of March 3, 2022, and that certain First Amendment to Agreement and Plan of Merger, dated
as of September 16, 2022 (collectively, the “Business Combination Agreement”), pursuant to which, among other
things, Merger Sub 1 will merge with and into PAQC, whereupon the separate existence of Merger Sub 1 will cease, and PAQC will continue
its existence under the Companies Act (As Revised) of the Cayman Islands (the “Cayman Islands Companies Act”) as a
wholly owned Subsidiary of the Company (the “First Merger”);

 

WHEREAS,
immediately following the consummation of the First Merger and as part of the same overall transaction, upon the terms and subject to
the conditions in the Business Combination Agreement and in accordance with Part XVI of the Cayman Islands Companies Act, PAQC (as
the surviving company of the First Merger) will merge with and into Merger Sub 2, whereupon the separate existence of PAQC will cease,
and Merger Sub 2 will be the surviving company and continue its existence under the Cayman Islands Companies Act as a wholly owned subsidiary
of the Company (the “Second Merger” and together with the First Merger, collectively, the “Mergers”);

 

WHEREAS,
pursuant to the terms and provisions of the Business Combination Agreement, prior to the effective time of the Mergers, the Company will
have undertaken the Recapitalization whereby, among other things, (a) the Pre-Recapitalization Company Shares of the Company held
by the Legacy Equityholders will be recapitalized, repurchased and cancelled by the Company in exchange for the issuance of the Company
Ordinary Shares, and (b) the Company will adopt an amended and restated memorandum and articles of association in substantially the
form attached to the Business Combination Agreement as Annex A (the “Listing A&R AoA”);

 

WHEREAS,
following the consummation of the Mergers, the Sponsor and the Legacy Equityholders will beneficially own the Company Ordinary
Shares; and

 

WHEREAS,
in anticipation of the consummation of the transactions contemplated by the Business Combination Agreement (the “Closing”),
the Company and the Holders desire to enter into this Agreement on the date hereof, to be effective upon the Closing, pursuant to which
the Company shall grant the Holders certain registration rights with respect to the Registrable Securities (as defined herein) on the
terms and conditions set forth in this Agreement.

 

    1

     

    

 

NOW,
THEREFORE, in consideration of the representations, covenants and agreements contained herein, and certain other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as
follows:

 

Article 1

DEFINITIONS

 

Section 1.01.          Definitions.
The terms defined in this Article 1 shall, for all purposes of this Agreement, have the respective meanings set forth below:

 

“Action”
shall mean any demand, action, claim, suit, countersuit, arbitration, inquiry, subpoena, case, litigation, proceeding or investigation
(whether civil, criminal, administrative or investigative) by or before any court or grand jury, any Governmental Authority or any arbitration
or mediation tribunal.

 

“Adverse
Disclosure” shall mean any public disclosure of material non-public information (including information with respect to a potential
financing, acquisition, disposition, merger, reorganization or similar transaction), which disclosure, in the good faith judgment of the
Chief Executive Officer of the Company or the Board, after consultation with counsel to the Company, (a) would be required to be
made in any Registration Statement or Prospectus in order for the applicable Registration Statement or Prospectus not to contain any untrue
statement of a material fact or omit to state a material fact necessary to make the statements contained therein (in the case of any prospectus
and any preliminary prospectus, in the light of the circumstances under which they were made) not misleading, (b) would not be required
to be made at such time if the Registration Statement were not being filed, declared effective or used, as the case may be, and (c) the
Company has a bona fide business purpose for not making public.

 

“Agreement”
shall have the meaning given in the Preamble hereto.

 

“Blackout
Period” shall have the meaning given in Section 3.04(b).

 

“Block
Trade” shall mean an offering and/or sale of Registrable Securities yielding aggregate gross proceeds in excess of $20 million
by any Holder on a block trade or underwritten basis (whether firm commitment or otherwise) without substantial marketing efforts prior
to pricing, including, without limitation, a same day trade, overnight trade or similar transaction.

 

“Board”
shall mean the board of directors of the Company.

 

“Business
Combination Agreement” shall have the meaning given in the Recitals hereto.

 

“Cayman Islands Companies Act”
shall have the meaning given in the Recitals hereto.

 

“Closing”
shall have the meaning given in the Recitals hereto.

 

“Commission”
shall mean the Securities and Exchange Commission.

 

“Company”
shall have the meaning given in the Preamble hereto and includes the Company’s successors by recapitalization, merger, consolidation,
spin-off, reorganization or similar transaction.

 

“Demanding
Holder” shall have the meaning given Section 2.01(c).

 

    2

     

    

 

“Exchange
Act” shall mean the Securities Exchange Act of 1934, as it may be amended from time to time.

 

“Filing Deadline” shall have
the meaning given in Section 2.01(a).

 

“FINRA”
shall mean the Financial Industry Regulatory Authority Inc.

 

“First
Merger” shall have the meaning given in the Recitals hereto.

 

“Form F-1
Shelf” shall have the meaning given in Section 2.01(a).

 

“Form F-3
Shelf” shall have the meaning given in Section 2.01(a).

 

“Governmental
Authority” shall mean any federal, state, provincial, municipal, local or foreign government, governmental authority, regulatory
or administrative agency (which for the purposes of this Agreement shall include FINRA and the Commission), governmental commission, department,
board, bureau, agency or instrumentality, arbitral panel, court or tribunal, whether domestic, foreign, multinational, or supranational
exercising executive, legislative, judicial, regulatory, self-regulatory or administrative functions of or pertaining to government and
any executive official thereof.

 

“Governmental
Order” means any order, judgment, injunction, decree, writ, stipulation, determination or award, in each case, entered by or
with any Governmental Authority.

 

“Holder”
and “Holders” shall have the meaning given in the Preamble hereto, for so long as such person or entity holds any Registrable
Securities.

 

“Holder
Information” shall have the meaning given in Section 4.01(b).

 

“Law”
shall mean any applicable U.S. or non-U.S. federal, national, supranational, state, provincial, local or similar statute, law, ordinance,
regulation, rule, code, income tax treaty, Governmental Order, requirement or rule of law (including common law) or other binding
directives promulgated, issued, entered into or taken by any Governmental Authority.

 

“Legacy
Equityholders” shall have the meaning given in the Preamble hereto.

 

“Listing
A&R AoA” shall have the meaning given in the Recitals hereto.

 

“Lock-up
Period” shall have the meaning given in the Lock-Up Agreement.

 

“Maximum
Number of Securities” shall have the meaning given in Section 2.01(d) .

 

“Merger
Sub 1” shall have the meaning given in the Recitals hereto.

 

“Merger
Sub 2” shall have the meaning given in the Recitals hereto.

 

“Mergers”
shall have the meaning given in the Recitals hereto.

 

“Minimum
Takedown Threshold” shall have the meaning given in Section 2.01(c).

 

“Misstatement”
shall mean an untrue statement of a material fact or an omission to state a material fact required to be stated in a Registration Statement
or Prospectus or necessary to make the statements in a Registration Statement or Prospectus (in the case of a Prospectus, in the light
of the circumstances under which they were made) not misleading.

 

“New
Registration Statement” shall have the meaning given in Section 2.01(f).

 

    3

     

    

 

“Other
Coordinated Offering” shall have the meaning given in Section 2.04(a) .

 

“PAQC”
shall have the meaning given in the Recitals hereto.

 

“Permitted
Transferees” shall mean any person or entity to whom a Holder of Registrable Securities is permitted to transfer such Registrable
Securities prior to the expiration of the Lock-up Period pursuant to the Listing A&R AoA and the Lock-Up Agreement to which such Holder
is a party.

 

“Piggyback
Registration” shall have the meaning given in Section 2.02(a).

 

“Prospectus”
shall mean the prospectus included in any Registration Statement, as supplemented by any and all prospectus supplements and as amended
by any and all post-effective amendments and including all material incorporated by reference in such prospectus.

 

“Registrable
Security” shall mean (a) any outstanding Company Class A Ordinary Share held by a Holder immediately following the
Closing (including any Company Class A Ordinary Shares issued in connection with the Recapitalization, or issued or issuable in connection
with the Mergers pursuant to the terms of the Business Combination Agreement), (b) any Company Class A Ordinary Share issued
or issuable upon the conversion or exchange of any other class of equity security of the Company following the Closing in accordance with
the Listing A&R AoA, (c) any Company Class A Ordinary Shares that may be acquired by Holders upon the exercise of a Company
Warrant or other right to acquire Company Class A Ordinary Shares held by a Holder immediately following the Closing, (d) any
Company Class A Ordinary Shares or Company Warrants held by the Sponsor to purchase Company Class A Ordinary Shares (including
any Company Class A Ordinary Shares issued or issuable upon the exercise of any such Company Warrant held by the Sponsor) otherwise
acquired or owned by a Holder following the date hereof to the extent that such securities are “restricted securities” (as
defined in Rule 144) or are otherwise held by an “affiliate” (as defined in Rule 144) of the Company, (e) any
Earnout Promote Shares (as defined in the Sponsor Letter Agreement) and Shareholder Earnout Shares issued or issuable to a Holder at and
following the Closing, and (f) any other Company Class A Ordinary Shares issued or issuable with respect to any securities referenced
in clause (a), (b), (c), (d) or (e) above by way of a stock dividend or stock split or in connection with a recapitalization,
merger, consolidation, spin-off, reorganization or similar transaction; provided, however, that, as to any particular Registrable
Security, such security shall cease to be a Registrable Security upon the earliest to occur of: (a) the transfer of such security
by a Holder to any Person other than (i) an Affiliate of such Holder, (ii) a lender pursuant to a bona fide pledge of such Registrable
Securities or (iii) another Holder or an Affiliate of such other Holder; (b) the time at which such security ceases to be outstanding;
(c) upon the sale of such security to, or through, a broker, dealer or underwriter in a public distribution or other public securities
transaction; and (d) the time at which such security becomes eligible for sale without restriction under Rule 144.

 

“Registration”
shall mean a registration effected by preparing and filing a registration statement, prospectus or similar document in compliance with
the requirements of the Securities Act, and the applicable rules and regulations promulgated thereunder, and such registration statement
becoming effective.

 

“Registration
Expenses” shall mean the out-of-pocket expenses of a Registration, including, without limitation, the following:

 

(a)            all
registration and filing fees (including fees with respect to filings required to be made with FINRA and any national securities exchange
on which the Company Class A Ordinary Shares are then listed);

 

    4

     

    

 

(b)            fees
and expenses of compliance with securities or blue sky laws (including reasonable fees and disbursements of outside counsel for the Underwriters
in connection with blue sky qualifications of Registrable Securities);

 

(c)            printing,
messenger, telephone and delivery expenses;

 

(d)            reasonable
fees and disbursements of counsel for the Company;

 

(e)            reasonable
fees and disbursements of all independent registered public accountants of the Company incurred specifically in connection with such Registration;
and

 

(f)            reasonable
fees and expenses of one legal counsel selected by the majority-in-interest of the securities requested to be registered by the Demanding
Holders in a Shelf Registration (including any Subsequent Shelf Registration), an Underwritten Offering or a Underwritten Shelf Takedown,
as the case may be (not to exceed $50,000 without the consent of the Company).

 

“Registration Statement” shall
mean any registration statement that covers the Registrable Securities pursuant to the provisions of this Agreement, including the Prospectus
included in such registration statement, amendments (including post-effective amendments) and supplements to such registration statement,
and all exhibits to and all material incorporated by reference in such registration statement.

 

“Requesting Holders” shall have
the meaning given in Section 2.01(d).

 

“Rule 144” means Rule 144
promulgated under the Securities Act (or any successor rule then in effect).

 

“SEC Guidance” shall have the
meaning given in Section 2.01(f).

 

“Second Merger” shall have the
meaning given in the Recitals hereto.

 

“Securities Act” shall mean
the Securities Act of 1933, as amended from time to time.

 

“Shelf” shall mean the Form F-1
Shelf, the Form F-3 Shelf or any Subsequent Shelf Registration, as the case may be.

 

“Shelf Registration” shall mean
a registration of securities pursuant to a registration statement filed with the Commission in accordance with and pursuant to Rule 415
promulgated under the Securities Act (or any successor rule then in effect).

 

“Sponsor” shall have the meaning
given in the Preamble hereto.

 

“Subsequent Shelf Registration”
shall have the meaning given in Section 2.01(b) .

 

“Transfer” shall mean the (a) sale
of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement
to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease
of a call equivalent position within the meaning of Section 16 of the Exchange Act with respect to, any security, (b) entry
into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any
security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement
of any intention to effect any transaction specified in clause (a) or (b).

 

    5

     

    

 

“Underwriter” shall mean a securities
dealer who purchases any Registrable Securities as principal and not as part of such dealer’s market-making activities.

 

“Underwritten Offering” shall
mean a Registration in which securities of the Company are sold to an Underwriter in a firm commitment underwriting for distribution to
the public.

 

“Underwritten
Shelf Takedown” shall have the meaning given in Section 2.01(c).

 

“Withdrawal Notice” shall have
the meaning given in Section 2.01(e).

 

Article 2

REGISTRATIONS AND OFFERINGS

 

Section 2.01.          Shelf
Registration.

 

(a)            Filing.
The Company shall file, as soon as practicable but no later than thirty (30) calendar days following the Closing Date (the “Filing
Deadline”), a Registration Statement for a Shelf Registration on Form F-1 or Form S-1, as applicable (the “Form F-1
Shelf”) or, if the Company is eligible to use a Registration Statement on Form F-3 or Form S-3, a Shelf Registration
on Form F-3 or Form S-3, as applicable (the “Form F-3 Shelf”), in each case, covering the resale of
all the Registrable Securities (determined as of two (2) Business Days prior to such filing) on a delayed or continuous basis and
shall use its commercially reasonable efforts to have such Shelf declared effective as soon as practicable after the filing thereof but
no later than the earlier of the (i) ninetieth (90th) calendar day (or one hundred and twentieth (120th) calendar
day if the Commission notifies the Company that it will “review” the Registration Statement) following the Filing Deadline
and (ii) the tenth (10th) Business Day after the date the Company is notified (orally or in writing, whichever is earlier)
by the Commission that the Registration Statement will not be “reviewed” or subject to further review; provided, however,
that the Company’s obligations to include the Registrable Securities held by a Holder in the Shelf are contingent upon such Holder
furnishing in writing to the Company such information regarding the Holder, the securities of the Company held by the Holder and the intended
method of disposition of the Registrable Securities as shall be reasonably requested by the Company to effect the registration of the
Registrable Securities, and the Holder shall execute such documents in connection with such registration as the Company may reasonably
request that are customary of a selling shareholder in similar situations. Such Shelf shall provide for the resale of the Registrable
Securities included therein pursuant to any method or combination of methods legally available to, and requested by, any Holder named
therein. The Company shall maintain a Shelf in accordance with the terms hereof, and shall prepare and file with the SEC such amendments,
including post-effective amendments, and supplements as may be necessary to keep a Shelf continuously effective, available for use and
in compliance with the provisions of the Securities Act until such time as there are no longer any Registrable Securities. In the event
the Company files a Form F-1 Shelf, the Company shall use its commercially reasonable efforts to convert the Form F-1 Shelf
(and any Subsequent Shelf Registration) to a Form F-3 Shelf as soon as practicable after the Company is eligible to use Form F-3.

 

(b)            Subsequent
Shelf Registration. If any Shelf ceases to be effective under the Securities Act for any reason at any time while Registrable Securities
are still outstanding, the Company shall, subject to Section 3.04, use its commercially reasonable efforts to as promptly as is reasonably
practicable cause such Shelf to again become effective under the Securities Act (including obtaining the prompt withdrawal of any order
suspending the effectiveness of such Shelf), and shall use its commercially reasonable efforts to as promptly as is reasonably practicable
amend such Shelf in a manner reasonably expected to result in the withdrawal of any order suspending the effectiveness of such Shelf or
file an additional registration statement as a Shelf Registration (a “Subsequent Shelf Registration”) registering the
resale of all Registrable Securities (determined as of two (2) Business Days prior to such filing), and pursuant to any method or
combination of methods legally available to, and requested by, any Holder named therein. If a Subsequent Shelf Registration is filed,
the Company shall use its commercially reasonable efforts to (i) cause such Subsequent Shelf Registration to become effective under
the Securities Act as promptly as is reasonably practicable after the filing thereof (it being agreed that the Subsequent Shelf Registration
shall be an automatic shelf registration statement (as defined in Rule 405 promulgated under the Securities Act) if the Company is
a well-known seasoned issuer (as defined in Rule 405 promulgated under the Securities Act) at the most recent applicable eligibility
determination date), and (ii) keep such Subsequent Shelf Registration continuously effective, available for use and in compliance
with the provisions of the Securities Act until such time as there are no longer any Registrable Securities. Any such Subsequent Shelf
Registration shall be on Form F-3 or Form S-3, as applicable, to the extent that the Company is eligible to use such form. Otherwise,
such Subsequent Shelf Registration shall be on another appropriate form.

 

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(c)            Requests
for Underwritten Shelf Takedowns. At any time and from time to time when an effective Shelf is on file with the Commission, any Holder
(being, in such case, a “Demanding Holder”) may request to sell all or any portion of its Registrable Securities in
an Underwritten Offering or Other Coordinated Offering that is registered pursuant to the Shelf, including a Block Trade (each, an “Underwritten
Shelf Takedown”); provided, that the Company shall only be obligated to effect an Underwritten Shelf Takedown if such offering
shall include Registrable Securities proposed to be sold by all Holders selling any Registrable Securities in such offering with a total
offering price reasonably expected to exceed, in the aggregate, $30 million (the “Minimum Takedown Threshold”); and
under no circumstances shall the Company be obligated to effect more than an aggregate of three Underwritten Shelf Takedowns in any calendar
year. All requests for Underwritten Shelf Takedowns shall be made by giving written notice to the Company at least ten (10) business
days prior to the public announcement of such Underwritten Shelf Takedown, which shall specify the approximate number of Registrable Securities
proposed to be sold in the Underwritten Shelf Takedown. The Demanding Holder shall have the right to select the Underwriters for such
offering (which shall consist of one or more reputable nationally recognized investment banks), subject to the Company’s prior approval
(which shall not be unreasonably withheld, conditioned or delayed). Such Demanding Holders shall enter into an underwriting agreement
in customary form with the Underwriter(s) selected for such Underwritten Shelf Takedown.

 

(d)            Reduction
of Underwritten Offering. If the managing Underwriter or Underwriters in an Underwritten Shelf Takedown, in good faith, advises the
Company, the Demanding Holder and the Holders requesting piggy back rights pursuant to this Agreement with respect to such Underwritten
Shelf Takedown (the “Requesting Holders”) (if any) in writing that the dollar amount or number of Registrable Securities
that the Demanding Holder and the Requesting Holders (if any) desire to sell, taken together with all other Company Class A Ordinary
Shares or other equity securities that the Company desires to sell and all other Company Class A Ordinary Shares or other equity
securities, if any, that have been requested to be sold in such Underwritten Offering pursuant to separate written contractual piggy-back
registration rights held by any other shareholders, exceeds the maximum dollar amount or maximum number of equity securities that can
be sold in the Underwritten 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 such securities, as applicable, the “Maximum
Number of Securities”), then the Company shall include in such Underwritten Offering, before including any Company Class A
Ordinary Shares or other equity securities proposed to be sold by the Company or by other holders of any Company Class A Ordinary
Shares or other equity securities, the Registrable Securities of the Demanding Holder and the Requesting Holders (if any) (pro rata based
on the respective number of Registrable Securities that such Demanding Holder and Requesting Holder (if any) has requested be included
in such Underwritten Shelf Takedown and the aggregate number of Registrable Securities that the Demanding Holder and Requesting Holders
(if any) have requested be included in such Underwritten Shelf Takedown) that can be sold without exceeding the Maximum Number of Securities.

 

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(e)            Withdrawal.
Prior to the filing of the applicable “red herring” prospectus or prospectus supplement used for marketing such Underwritten
Shelf Takedown, the Demanding Holder initiating an Underwritten Shelf Takedown shall have the right to withdraw from such Underwritten
Shelf Takedown for any or no reason whatsoever upon written notification (a “Withdrawal Notice”) to the Company and
the Underwriter or Underwriters (if any) of its intention to withdraw from such Underwritten Shelf Takedown, and such Underwritten Shelf
Takedown shall not be counted as a demand for an Underwritten Shelf Takedown under Section 2.01(c) hereof; provided that the
Requesting Holders (if any) may elect to have the Company continue an Underwritten Shelf Takedown if the Minimum Takedown Threshold would
still be satisfied by the Registrable Securities proposed to be sold in the Underwritten Shelf Takedown. Following the receipt of any
Withdrawal Notice, the Company shall promptly forward such Withdrawal Notice to any other Holders that had elected to participate in such
Underwritten Shelf Takedown. Notwithstanding anything to the contrary in this Agreement, the Company shall be responsible for the Registration
Expenses incurred in connection with an Underwritten Shelf Takedown prior to its withdrawal under this Section 2.01(e).

 

(f)            New
Registration Statement. Notwithstanding the registration obligations set forth in this Section 2.01, in the event the Commission
informs the Company that the Registrable Securities cannot, as a result of the application of Rule 415, be registered for resale
as a secondary offering on a single registration statement, the Company agrees to promptly (i) inform each of the Holders thereof
and use its commercially reasonable efforts to file amendments to the Shelf Registration as required by the Commission and/or (ii) withdraw
the Shelf Registration and file a new registration statement (a “New Registration Statement”), on Form F-3 or
if Form F-3 is not then available to the Company for such registration statement, on such other form available to register for resale
of the Registrable Securities as a secondary offering; provided, however, that prior to filing such amendment or New Registration Statement,
the Company shall use its commercially reasonable efforts to advocate with the Commission for the registration of all of the Registrable
Securities in accordance with any publicly-available written or oral guidance, comments, requirements or requests of the Commission staff
(“SEC Guidance”), including without limitation, Compliance and Disclosure Interpretation 612.09. Notwithstanding any
other provision of this Agreement, if any SEC Guidance sets forth a limitation on the number of Registrable Securities permitted to be
registered on a particular Registration Statement as a secondary offering (and notwithstanding that the Company advocated with the Commission
for the registration of all or a greater number of Registrable Securities), unless otherwise directed in writing by a Holder as to its
Registrable Securities, the number of Registrable Securities to be registered on such Registration Statement will be reduced on a pro
rata basis based on the total number of Registrable Securities held by the Holders, subject to a determination by the Commission that
certain Holders must be reduced first based on the number of Registrable Securities held by such Holders. In the event the Company amends
the Shelf Registration or files a New Registration Statement, as the case may be, under clauses (i) or (ii) above, the Company
will file with the Commission, as promptly as allowed by Commission or SEC Guidance provided to the Company or to registrants of securities
in general, one or more registration statements on Form F-3 or such other form available to register for resale those Registrable
Securities that were not registered for resale on the Shelf Registration, as amended, or the New Registration Statement.

 

(g)            Effective
Registration. Notwithstanding the provisions of Section 2.01(c) above or any other part of this Agreement, a Registration
shall not count as a Registration unless and until (i) the Registration Statement has been declared effective by the Commission,
and (ii) the Company has complied with all of its obligations under this Agreement with respect thereto; provided, however, that,
if after such Registration Statement has been declared effective, an offering of Registrable Securities is subsequently interfered with
by any stop order or injunction of the Commission, federal or state court or any other governmental agency, the Registration Statement
with respect to such Registration shall be deemed not to have been declared effective, unless and until, (x) such stop order or injunction
is removed, rescinded or otherwise terminated, and (y) a majority-in-interest of the Demanding Holders initiating such Registration
thereafter affirmatively elect to continue with such Registration and accordingly notify the Company in writing, but in no event later
than five (5) days, of such election; provided, further, that the Company shall not be obligated or required to file another Registration
Statement until the Registration Statement that has been previously filed with respect to a Registration pursuant to a Shelf Registration
becomes effective or is subsequently terminated.

 

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Section 2.02.          Piggyback
Registration.

 

(a)            Piggyback
Rights. Subject to Section 2.04(c), if the Company or any shareholder of the Company proposes to conduct a registered offering
of, or if the Company proposes to file a Registration Statement under the Securities Act with respect to the Registration of, equity securities,
or securities or other obligations exercisable or exchangeable for, or convertible into equity securities, for its own account or for
the account of shareholders of the Company (or by the Company and by the shareholders of the Company including, without limitation, an
Underwritten Shelf Takedown pursuant to Section 2.01 hereof), other than a Registration Statement (or any registered offering with
respect thereto) (i) filed in connection with any employee stock option or other benefit plan, (ii) pursuant to a Registration
Statement on Form F-4 or Form S-4 (or other similar form that relates to a transaction subject to Rule 145 under the Securities
Act or any successor rule thereto), (iii) for an offering of debt that is convertible into equity securities of the Company,
(iv) for a dividend reinvestment plan, or (v) for a rights offering, then the Company shall give written notice of such proposed
offering to all of the Holders of Registrable Securities as soon as practicable but not less than ten (10) days before the anticipated
filing date of such Registration Statement or, in the case of an Underwritten Offering pursuant to a Shelf Registration, the applicable
 “red herring” prospectus or prospectus supplement used for marketing such offering, which notice shall (A) describe the
amount and type of securities to be included in such offering, the intended method(s) of distribution, and the name of the proposed
managing Underwriter or Underwriters, if any, in such offering, and (B) offer to all of the Holders of Registrable Securities the
opportunity to include in such registered offering such number of Registrable Securities as such Holders may request in writing within
five (5) calendar days after receipt of such written notice (such registered offering, a “Piggyback Registration”).
Subject to Section 2.02(b), the Company shall, in good faith, cause such Registrable Securities to be included in such Piggyback
Registration and, if applicable, shall use its commercially reasonable efforts to cause the managing Underwriter or Underwriters of such
Piggyback Registration to permit the Registrable Securities requested by the Holders pursuant to this Section 2.02(a) to be
included therein on the same terms and conditions as any similar securities of the Company included in such registered offering and to
permit the sale or other disposition of such Registrable Securities in accordance with the intended method(s) of distribution thereof.
The inclusion of any Holder’s Registrable Securities in a Piggyback Registration shall be subject to such Holder’s agreement
to enter into an underwriting agreement in customary form with the Underwriter(s) selected for such Underwritten Offering by the
Company.

 

(b)            Reduction
of Piggyback Registration. If the managing Underwriter or Underwriters in an Underwritten Offering that is to be a Piggyback Registration,
in good faith, advises the Company and the Holders of Registrable Securities participating in the Piggyback Registration in writing that
the dollar amount or number of the Company Class A Ordinary Shares or other equity securities that the Company desires to sell, taken
together with (i) the Company Class A Ordinary Shares or other equity securities, if any, as to which Registration or a registered
offering has been demanded pursuant to separate written contractual arrangements with persons or entities other than the Holders of Registrable
Securities hereunder, (ii) the Registrable Securities as to which registration has been requested pursuant to Section 2.02(a) hereof,
and (iii) the Company Class A Ordinary Shares or other equity securities, if any, as to which Registration or a registered offering
has been requested pursuant to separate written contractual piggy-back registration rights of other shareholders of the Company, exceeds
the Maximum Number of Securities, then:

 

(i)            if
the Registration or registered offering is undertaken for the Company’s account, the Company shall include in any such Registration
or registered offering (A) first, the Company Class A Ordinary Shares or other equity securities that the Company desires to
sell, which can be sold without exceeding the Maximum Number of Securities; (B) second, to the extent that the Maximum Number of
Securities has not been reached under the foregoing clause (A), the Registrable Securities of Holders exercising their rights to register
their Registrable Securities pursuant to Section 2.02(a), pro rata, based on the respective number of Registrable Securities
that each Holder has requested be included in such Underwritten Offering and the aggregate number of Registrable Securities that the Holders
have requested to be included in such Underwritten Offering, which can be sold without exceeding the Maximum Number of Securities; and
(C) third, to the extent that the Maximum Number of Securities has not been reached under the foregoing clauses (A) and (B),
the Company Class A Ordinary Shares or other equity securities, if any, as to which Registration or a registered offering has been
requested pursuant to written contractual piggy-back registration rights of persons or entities other than the Holders of Registrable
Securities hereunder;

 

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(ii)            if
the Registration or registered offering is pursuant to a request by persons or entities other than the Holders of Registrable Securities,
then the Company shall include in any such Registration or registered offering (A) first, the Company Class A Ordinary Shares
or other equity securities, if any, of such requesting persons or entities, other than the Holders of Registrable Securities, which can
be sold without exceeding the Maximum Number of Securities; (B) second, to the extent that the Maximum Number of Securities has not
been reached under the foregoing clause (A), the Registrable Securities of Holders exercising their rights to register their Registrable
Securities pursuant to Section 2.02(a), pro rata, based on the respective number of Registrable Securities that each Holder
has requested be included in such Underwritten Offering and the aggregate number of Registrable Securities that the Holders have requested
to be included in such Underwritten Offering, which can be sold without exceeding the Maximum Number of Securities; (C) third, to
the extent that the Maximum Number of Securities has not been reached under the foregoing clauses (A) and (B), the Company Class A
Ordinary Shares or other equity securities that the Company desires to sell, which can be sold without exceeding the Maximum Number of
Securities; and (D) fourth, to the extent that the Maximum Number of Securities has not been reached under the foregoing clauses
(A), (B) and (C), the Company Class A Ordinary Shares or other equity securities for the account of other persons or entities
that the Company is obligated to register pursuant to separate written contractual arrangements with such persons or entities, which can
be sold without exceeding the Maximum Number of Securities; and

 

(iii)            if
the Registration or registered offering is pursuant to a request by Holder(s) of Registrable Securities pursuant to Section 2.01
hereof, then the Company shall include in any such Registration or registered offering securities in the priority set forth in Section 2.01(d).

 

(c)            Piggyback
Registration Withdrawal. Any Holder of Registrable Securities (other than the Demanding Holder, whose right to withdrawal from an
Underwritten Shelf Takedown, and related obligations, shall be governed by Section 2.01(e)) shall have the right to withdraw from
a Piggyback Registration for any or no reason whatsoever upon written notification to the Company and the Underwriter or Underwriters
(if any) of his, her or its intention to withdraw from such Piggyback Registration prior to the effectiveness of the Registration Statement
filed with the Commission with respect to such Piggyback Registration or, in the case of a Piggyback Registration pursuant to a Shelf
Registration, the filing of the applicable “red herring” prospectus or prospectus supplement with respect to such Piggyback
Registration used for marketing such transaction. The Company (whether on its own good faith determination or as the result of a request
for withdrawal by persons pursuant to separate written contractual obligations) may withdraw a Registration Statement filed with the Commission
in connection with a Piggyback Registration (which, in no circumstance, shall include the Shelf) at any time prior to the effectiveness
of such Registration Statement. Notwithstanding anything to the contrary in this Agreement (other than Section 2.01(e)), the Company
shall be responsible for the Registration Expenses incurred in connection with the Piggyback Registration prior to its withdrawal under
this Section 2.02(c).

 

(d)            Unlimited
Piggyback Registration Rights. For purposes of clarity, subject to Section 2.01(e), any Piggyback Registration effected pursuant
to Section 2.02 hereof shall not be counted as a demand for an Underwritten Shelf Takedown under Section 2.01(c) hereof.

 

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Section 2.03.          Market
Stand-off. In connection with any Underwritten Offering of equity securities of the Company (other than a Block Trade or Other Coordinated
Offering), each Holder given an opportunity to participate in the Underwritten Offering pursuant to the terms of this Agreement agrees
that it shall not initiate a new Transfer of any Company Class A Ordinary Shares or other equity securities of the Company (other
than those included in such offering pursuant to this Agreement), without the prior written consent of the Company, during the 90-day
period beginning on the date of pricing of such offering or such shorter period during which the Company agrees not to conduct an underwritten
primary offering of any Company Class A Ordinary Shares, except (a) in the event the Underwriters managing the offering otherwise
agree by written consent and (b) Rule 10b5-1 trading plans (or similar plan) established or in effect prior to such 90-day period.
Each Holder agrees to execute a customary lock-up agreement in favor of the Underwriters to such effect (in each case on substantially
the same terms and conditions as all such Holders). If any Company Shareholder or the Sponsor or any of its affiliates enters into an
agreement relating to the subject matter set forth in this section on terms and conditions that are less restrictive than those agreed
to herein (or such terms and conditions are subsequently relaxed including as a result of a modification, waiver, amendment, or written
consent of the Company Board), then the less restrictive or relaxed terms and conditions shall apply to each Company Shareholder and the
Sponsor.

 

Section 2.04.          Block
Trades; Other Coordinated Offerings.

 

(a)            Notwithstanding
any other provision of ‎Article 2, but subject to Sections ‎2.03
and ‎3.04, at any time and from time to time when an effective Shelf is on file with the
Commission and effective, if a Demanding Holder wishes to engage in (i) a Block Trade or (ii) an “at the market”
or similar registered offering through a broker, sales agent or distribution agent, whether as agent or principal (an “Other
Coordinated Offering”), in each case with a total offering price reasonably expected to exceed, in aggregate, the lesser of
(A) $10 million and (B) all remaining Registrable Securities held by the Demanding Holder, then notwithstanding the time period
provided for in Section 2.01(c), such Demanding Holder shall notify the Company of the Block Trade or Other Coordinated Offering
at least five (5) Business Days prior to the day such offering is to commence and the Company shall as expeditiously as possible
use its commercially reasonable efforts to facilitate such Block Trade or Other Coordinated Offering; provided that the Demanding
Holders representing a majority of the Registrable Securities wishing to engage in the Block Trade or Other Coordinated Offering shall
use commercially reasonable efforts to work with the Company and any Underwriters or placement agents or sales agents prior to making
such request in order to facilitate preparation of the registration statement, prospectus and other offering documentation related to
the Block Trade or Other Coordinated Offering and any related due diligence and comfort procedures, in accordance with Sections ‎3.01(k) and
‎3.01(l).

 

(b)            Prior
to the filing of the applicable “red herring” prospectus or prospectus supplement used in connection with a Block Trade or
Other Coordinated Offering, a majority-in-interest of the Demanding Holders initiating such Block Trade or Other Coordinated Offering
shall have the right to submit a Withdrawal Notice to the Company and the Underwriter or Underwriters or placement agents or sales agents
(if any) of their intention to withdraw from such Block Trade or Other Coordinated Offering. Notwithstanding anything to the contrary
in this Agreement, the Company shall be responsible for the Registration Expenses incurred in connection with a Block Trade or Other Coordinated
Offering prior to its withdrawal under this Section 2.04(b).

 

(c)            Any
Registration effected pursuant to this Section 2.04 shall be deemed an Underwritten Shelf Takedown and within the cap on Underwritten
Shelf Takedowns provided in Section 2.01(c). Notwithstanding anything to the contrary in this Agreement, Section 2.02 hereof
shall not apply to a Block Trade or Other Coordinated Offering initiated by a Demanding Holder pursuant to this Agreement.

 

(d)            The
Company shall have the right to consent to the Underwriters and any sale agents or placement agents (if any) for such Block Trade or Other
Coordinated Offering (in each case, which shall consist of one or more reputable nationally recognized investment banks), which consent
will not be unreasonably withheld, conditioned or delayed.

 

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Article 3

COMPANY PROCEDURES

 

Section 3.01.          General
Procedures. In connection with any Shelf and/or Underwritten Shelf Takedown, the Company shall use its commercially reasonable efforts
to effect such Registration to permit the sale of such Registrable Securities in accordance with the intended plan of distribution thereof,
and pursuant thereto the Company shall, as expeditiously as possible:

 

(a)            prepare
and file with the Commission as soon as practicable a Registration Statement with respect to such Registrable Securities and use its commercially
reasonable efforts to cause such Registration Statement to become effective and remain effective until all Registrable Securities have
ceased to be Registrable Securities;

 

(b)            prepare
and file with the Commission such amendments and post-effective amendments to the Registration Statement, and such supplements to the
Prospectus, as may be reasonably requested by any Holder that holds at least five percent (5%) of the Registrable Securities registered
on such Registration Statement or any Underwriter of Registrable Securities or as may be required by the rules, regulations or instructions
applicable to the registration form used by the Company or by the Securities Act or rules and regulations thereunder to keep the
Registration Statement effective until all Registrable Securities covered by such Registration Statement are sold in accordance with the
intended plan of distribution set forth in such Registration Statement or supplement to the Prospectus;

 

(c)            prior
to filing a Registration Statement or Prospectus, or any amendment or supplement thereto, furnish without charge to the Underwriter(s),
if any, and the Holders of Registrable Securities included in such Registration, and such Holders’ legal counsel, copies of such
Registration Statement as proposed to be filed, each amendment and supplement to such Registration Statement (in each case including all
exhibits thereto and documents incorporated by reference therein), the Prospectus included in such Registration Statement (including each
preliminary Prospectus), and such other documents as the Underwriters and the Holders of Registrable Securities included in such Registration
or the legal counsel for any such Holders may request in order to facilitate the disposition of the Registrable Securities owned by such
Holders;

 

(d)            prior
to any public offering of Registrable Securities (i) register or qualify the Registrable Securities covered by the Registration Statement
under such securities or “blue sky” laws of such jurisdictions in the United States as the Holders of Registrable Securities
included in such Registration Statement (in light of their intended plan of distribution) may request (or provide evidence satisfactory
to such Holders that the Registrable Securities are exempt from such registration or qualification) and (ii) take such action necessary
to cause such Registrable Securities covered by the Registration Statement to be registered with or approved by such other governmental
authorities as may be necessary by virtue of the business and operations of the Company and do any and all other acts and things that
may be necessary or advisable to enable the Holders of Registrable Securities included in such Registration Statement to consummate the
disposition of such Registrable Securities in such jurisdictions; provided, however, that the Company shall not be required to
qualify generally to do business in any jurisdiction where it would not otherwise be required to qualify or take any action to which it
would be subject to general service of process or taxation in any such jurisdiction where it is not then otherwise so subject;

 

(e)            cause
all such Registrable Securities to be listed on each national securities exchange on which similar securities issued by the Company are
then listed;

 

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(f)            provide
a transfer agent or warrant agent, as applicable, and registrar for all such Registrable Securities no later than the effective date of
such Registration Statement;

 

(g)            advise
each seller of such Registrable Securities, promptly after it shall receive notice or obtain knowledge thereof, of the issuance of any
stop order by the Commission suspending the effectiveness of such Registration Statement or the initiation or threatening of any proceeding
for such purpose and promptly use its commercially reasonable efforts to prevent the issuance of any stop order or to obtain its withdrawal
if such stop order should be issued;

 

(h)            at
least five (5) days prior to the filing of any Registration Statement or Prospectus or any amendment or supplement to such Registration
Statement or Prospectus (excluding any exhibits thereto and any filing made under the Exchange Act that is to be incorporated by reference
therein), furnish a copy thereof to each seller of such Registrable Securities or its counsel, including, without limitation, providing
copies promptly upon receipt of any comment letters received with respect to any such Registration Statements or Prospectus;

 

(i)            notify
the Holders at any time when a Prospectus relating to such Registration Statement is required to be delivered under the Securities Act,
of the happening of any event as a result of which the Prospectus included in such Registration Statement, as then in effect, includes
a Misstatement, and then to correct such Misstatement as set forth in Section 3.04 hereof;

 

(j)            permit
a representative of the Holders, the Underwriter(s), if any, and any attorney or accountant retained by such Holders or Underwriter to
participate, at each such person’s own expense (except as otherwise set forth herein) in the preparation of the Registration Statement,
and cause the Company’s officers, directors and employees to supply all information reasonably requested by any such representative,
Underwriter(s), attorney or accountant in connection with the Registration; provided, however, that such representatives or Underwriter(s) agree
to confidentiality arrangements in form and substance reasonably satisfactory to the Company, prior to the release or disclosure of any
such information;

 

(k)            obtain
a “comfort” letter from the Company’s independent registered public accountants in the event of an Underwritten Offering,
Block Trade or Other Coordinated Offering that is registered pursuant to a Registration Statement, in customary form and covering such
matters of the type customarily covered by “comfort” letters as the managing Underwriter or other similar type of sales agent
or placement agent may reasonably request, and reasonably satisfactory to a majority-in-interest of the participating Holders;

 

(l)            on
the date the Registrable Securities are delivered for sale pursuant to such Registration, obtain an opinion, dated such date, of counsel
representing the Company for the purposes of such Registration, addressed to the Holders, the placement agent(s) or sales agent(s),
if any, and the Underwriter(s), if any, covering such legal matters with respect to the Registration in respect of which such opinion
is being given as the Holders, the placement agent(s), sales agent(s), or Underwriter(s) may reasonably request and as are customarily
included in such opinions;

 

(m)            in
the event of any Underwritten Offering or Other Coordinated Offering that is registered pursuant to a Registration Statement, enter into
and perform its obligations under an underwriting agreement, sales agreement or placement agreement, in usual and customary form, with
the managing Underwriter(s), sales agent(s) or placement agent(s) of such offering;

 

(n)            make
available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least 12 months
beginning with the first day of the Company’s first full calendar quarter after the effective date of the Registration Statement
which satisfies the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any successor rule then
in effect);

 

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(o)            if
the Registration involves the Registration of Registrable Securities involving gross proceeds in excess of $30 million with respect to
an Underwritten Offering pursuant to Section 2.01(c) use its commercially reasonable efforts to make available senior executives
of the Company to participate in customary “road show” presentations that may be reasonably requested by the Underwriter(s) in
such Underwritten Offering;

 

(p)            otherwise,
in good faith, cooperate reasonably with, and take such customary actions as may reasonably be requested by the Holders, in connection
with such Registration; and

 

(q)            upon
request of a Holder, the Company shall (i) authorize the Company’s transfer agent to remove any legend on share certificates
of such Holder’s Company Class A Ordinary Shares restricting further transfer (or any similar restriction in book entry positions
of such Holder) if such restrictions are no longer required by the Securities Act or any applicable state securities laws or any agreement
with the Company to which such Holder is a party, including if such shares subject to such a restriction have been sold on a Registration
Statement, (ii) request the Company’s transfer agent to issue in lieu thereof Company Class A Ordinary Shares without
such restrictions to the Holder upon, as applicable, surrender of any stock certificates evidencing such Company Class A Ordinary
Shares, or to update the applicable book entry position of such Holder so that it no longer is subject to such a restriction, and (iii) use
commercially reasonable efforts to cooperate with such Holder to have such Holder’s Company Class A Ordinary Shares transferred
into a book-entry position at The Depository Trust Company, in each case, subject to delivery of customary documentation, including any
documentation required by such restrictive legend or book-entry notation.

 

Notwithstanding the foregoing, the Company shall not be required to
provide any documents or information to an Underwriter or other sales agent or placement agent if such Underwriter or other sales agent
or placement agent has not then been named with respect to the applicable Underwritten Offering or Other Coordinated Offering that is
registered pursuant to a Registration Statement.

 

Section 3.02.          Registration
Expenses. All Registration Expenses shall be borne by the Company. It is acknowledged by the Holders that the Holders selling any
Registrable Securities in an offering shall bear all incremental selling expenses relating to the sale of Registrable Securities, such
as Underwriters’ or agents’ commissions and discounts, brokerage fees, Underwriter marketing costs and, other than as set
forth in the definition of “Registration Expenses,” all reasonable fees and expenses of any legal counsel representing the
Holders, in each case pro rata based on the number of Registrable Securities that such Holders have sold in such Registration.

 

Section 3.03.          Requirements
for Participation in Underwritten Offerings. Notwithstanding anything in this Agreement to the contrary, if any Holder does not provide
the Company with its requested Holder Information, the Company may exclude such Holder’s Registrable Securities from the applicable
Registration Statement or Prospectus if the Company determines, based on the advice of counsel, that such information is necessary to
effect the registration and such Holder continues thereafter to withhold such information. No person may participate in any Underwritten
Offering or Other Coordinated Offering for equity securities of the Company pursuant to a Registration initiated by the Company hereunder
unless such person (i) agrees to sell such person’s securities on the basis provided in any underwriting arrangements approved
by the Company and (ii) completes and executes all customary questionnaires, powers of attorney, indemnities, lock-up agreements,
underwriting or other agreements and other customary documents as may be reasonably required under the terms of such arrangements. The
exclusion of a Holder’s Registrable Securities as a result of this Section 3.03 shall not affect the registration of the other
Registrable Securities to be included in such Registration.

 

Section 3.04.          Suspension
of Sales; Adverse Disclosure; Restrictions on Registration Rights.

 

(a)            Upon
receipt of written notice from the Company that a Registration Statement or Prospectus contains a Misstatement, each of the Holders shall
forthwith discontinue disposition of Registrable Securities until it has received copies of a supplemented or amended Prospectus correcting
the Misstatement (it being understood that the Company hereby covenants to prepare and file such supplement or amendment as soon as practicable
after the time of such notice), or until it is advised in writing by the Company that the use of the Prospectus may be resumed.

 

    14

     

    

 

(b)            If
the filing, initial effectiveness or continued use of a Registration Statement in respect of any Registration at any time would (i) require
the Company to make an Adverse Disclosure, (ii) require the inclusion in such Registration Statement of financial statements that
are unavailable to the Company for reasons beyond the Company’s control, or (iii) in the good faith judgment of the majority
of the Board, be materially detrimental to the Company and the majority of the Board concludes as a result that it is essential to defer
such filing, initial effectiveness or continued use at such time, the Company may, upon giving prompt written notice of such action to
the Holders, delay the filing or initial effectiveness of, or suspend use of, such Registration Statement for the shortest period of time
determined in good faith by the Company to be necessary for such purpose (any such period, a “Blackout Period”). In
the event the Company exercises its rights under this Section 3.04(b), the Holders agree to suspend, immediately upon their receipt
of the notice referred to above, their use of the Prospectus relating to any Registration in connection with any sale or offer to sell
Registrable Securities. The Company shall immediately notify the Holders of the expiration of the Blackout Period during which it exercised
its rights under this Section 3.04(b).

 

(c)            (i) During
the period starting with the date 60 days prior to the Company’s good faith estimate of the date of the filing of, and ending on
a date 120 days after the effective date of, a Company-initiated Registration and provided that the Company continues to actively employ,
in good faith, all reasonable efforts to maintain the effectiveness of the applicable Shelf, or (ii) if, pursuant to Section 2.01(c),
Holders have requested an Underwritten Shelf Takedown and the Company and such Holders are unable to obtain the commitment of underwriters
to firmly underwrite such offering, the Company may, upon giving prompt written notice of such action to the Holders, delay any other
registered offering pursuant to Section ‎2.01(c) or ‎Section 2.04.

 

(d)            The
right to delay or suspend any filing, initial effectiveness or continued use of a Registration Statement pursuant to Section 3.04(b) or
a registered offering pursuant to Section 3.04(c) shall be exercised by the Company, in the aggregate, for not more than 30
consecutive calendar days and not more than once during any 12-month period.

 

Section 3.05.          Reporting
Obligations. As long as any Holder shall own Registrable Securities, the Company, at all times while it shall be a reporting company
under the Exchange Act, covenants to file timely (or obtain extensions in respect thereof and file within the applicable grace period)
all reports required to be filed by the Company after the date hereof pursuant to Sections 13(a) or 15(d) of the Exchange Act
and to promptly furnish the Holders with true and complete copies of all such filings; provided that any documents publicly filed
or furnished with the Commission pursuant to the Electronic Data Gathering, Analysis and Retrieval System shall be deemed to have been
furnished or delivered to the Holders pursuant to this Section 3.05. The Company further covenants that it shall take such further
action as any Holder may reasonably request, all to the extent required from time to time to enable such Holder to sell the Company Class A
Ordinary Shares held by such Holder without registration under the Securities Act within the limitation of the exemptions provided by
Rule 144. Upon the request of any Holder, the Company shall deliver to such Holder a written certification of a duly authorized officer
as to whether it has complied with such requirements.

 

    15

     

    

 

Article 4

INDEMNIFICATION AND CONTRIBUTION

 

Section 4.01.          Indemnification.

 

(a)            The
Company agrees to indemnify, to the extent permitted by law, each Holder of Registrable Securities, its officers, directors and agents
and each person who controls such Holder (within the meaning of the Securities Act) against all losses, claims, damages, liabilities and
out-of-pocket expenses (including without limitation reasonable outside attorneys’ fees) resulting from any untrue or alleged untrue
statement of material fact contained in any Registration Statement, Prospectus or preliminary Prospectus or any amendment thereof or supplement
thereto or any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein
not misleading, except insofar as the same are caused by or contained in any information or affidavit so furnished in writing to the Company
by such Holder expressly for use therein.

 

(b)            In
connection with any Registration Statement in which a Holder of Registrable Securities is participating, such Holder shall furnish to
the Company in writing such information and affidavits as the Company reasonably requests for use in connection with any such Registration
Statement or Prospectus (the “Holder Information”) and, to the extent permitted by law, shall indemnify the Company,
its directors, officers and agents and each person who controls the Company (within the meaning of the Securities Act) against all losses,
claims, damages, liabilities and out-of-pocket expenses (including without limitation reasonable outside attorneys’ fees) resulting
from any untrue or alleged untrue statement of a material fact contained in any Registration Statement, Prospectus or preliminary Prospectus
or any amendment thereof or supplement thereto or any omission or alleged omission of a material fact required to be stated therein or
necessary to make the statements therein not misleading, but only to the extent that such untrue statement or omission is contained in
any information or affidavit so furnished in writing by such Holder expressly for use therein; provided, however, that the obligation
to indemnify shall be several, not joint and several, among such Holders of Registrable Securities, and the liability of each such Holder
of Registrable Securities shall be in proportion to and limited to the net proceeds received by such Holder from the sale of Registrable
Securities pursuant to such Registration Statement.

 

(c)            Any
person entitled to indemnification herein shall (i) give prompt written notice to the indemnifying party of any claim with respect
to which it seeks indemnification (provided that the failure to give prompt notice shall not impair any person’s right to indemnification
hereunder to the extent such failure has not materially prejudiced the indemnifying party) and (ii) unless in such indemnified party’s
reasonable judgment a conflict of interest between such indemnified and indemnifying parties may exist with respect to such claim, permit
such indemnifying party to assume the defense of such claim with counsel reasonably satisfactory to the indemnified party. If such defense
is assumed, the indemnifying party shall not be subject to any liability for any settlement made by the indemnified party without its
consent (but such consent shall not be unreasonably withheld). An indemnifying party who is not entitled to, or elects not to, assume
the defense of a claim shall not be obligated to pay the fees and expenses of more than one counsel for all parties indemnified by such
indemnifying party with respect to such claim, unless in the reasonable judgment of any indemnified party a conflict of interest may exist
between such indemnified party and any other of such indemnified parties with respect to such claim. No indemnifying party shall, without
the consent of the indemnified party, consent to the entry of any judgment or enter into any settlement which cannot be settled in all
respects by the payment of money (and such money is so paid by the indemnifying party pursuant to the terms of such settlement) or which
settlement does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release
from all liability in respect to such claim or litigation.

 

(d)            The
indemnification provided for under this Agreement shall remain in full force and effect regardless of any investigation made by or on
behalf of the indemnified party or any officer, director or controlling person of such indemnified party and shall survive the transfer
of securities.

 

    16

     

    

 

(e)            If
the indemnification provided under Section 4.01 hereof from the indemnifying party is unavailable or insufficient to hold harmless
an indemnified party in respect of any losses, claims, damages, liabilities and out-of-pocket expenses referred to herein, then the indemnifying
party, in lieu of indemnifying the indemnified party, shall contribute to the amount paid or payable by the indemnified party as a result
of such losses, claims, damages, liabilities and out-of-pocket expenses in such proportion as is appropriate to reflect the relative
fault of the indemnifying party and the indemnified party, as well as any other relevant equitable considerations. The relative fault
of the indemnifying party and indemnified party shall be determined by reference to, among other things, whether any action in question,
including any untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact, was made
by, or relates to information supplied by, such indemnifying party or indemnified party, and the indemnifying party’s and indemnified
party’s relative intent, knowledge, access to information and opportunity to correct or prevent such action; provided, however,
that the liability of any Holder under this Section 4.01(e) shall be limited to the amount of the net proceeds received by
such Holder in such offering giving rise to such liability. The amount paid or payable by a party as a result of the losses or other
liabilities referred to above shall be deemed to include, subject to the limitations set forth in Sections 4.01(a)‎,
‎4.01(b) and ‎4.01(c) above,
any legal or other fees, charges or out-of-pocket expenses reasonably incurred by such party in connection with any investigation or
proceeding. The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 4.01(e) were
determined by pro rata allocation or by any other method of allocation, which does not take account of the equitable considerations
referred to in this Section 4.01(e). No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of
the Securities Act) shall be entitled to contribution pursuant to this Section 4.01(e) from any person who was not guilty of
such fraudulent misrepresentation.

 

Article 5

MISCELLANEOUS

 

Section 5.01.          Notices.
All notices and other communications among the parties shall be in writing and shall be deemed to have been duly given (a) when delivered
in person, or (b) when delivered by FedEx or other internationally recognized overnight delivery service, in each case with a copy
sent by e-mail to such Holder. Any notice or communication under this Agreement must be addressed, if to the Company, to 14F., No. 98,
Minquan Rd., Xindian District, New Taipei City, Taiwan (Attn: Alice Chang), with a copy (which will not constitute notice) to Sullivan &
Cromwell (Hong Kong) LLP, 20th Floor, Alexandra House, 18 Chater Road, Central, Hong Kong, Attn: Ching-Yang Lin, and if to any Holder,
at such Holder’s address and e-mail address as set forth in the Company’s books and records. Any Party may change the address
to which notices, requests, demands, claims and other communications hereunder are to be delivered by giving the Company notice in the
manner herein set forth.

 

Section 5.02.          Assignment;
No Third Party Beneficiaries.

 

(a)            This
Agreement and the rights, duties and obligations of the Company hereunder may not be assigned or delegated by the Company in whole or
in part.

 

(b)            A
Holder may assign or delegate such Holder’s rights, duties or obligations under this Agreement, in whole or in part, to any Permitted
Transferees to whom it transfers Registrable Securities; provided that such Registrable Securities remain Registrable Securities
following such transfer and such Permitted Transferee agrees to become bound by the terms and provisions of this Agreement.

 

(c)            No
assignment by any party hereto of such party’s rights, duties and obligations hereunder shall be binding upon or obligate the Company
unless and until the Company shall have received (i) written notice of such assignment as provided in Section 5.01 hereof, and
(ii) the written agreement of the assignee, in a form reasonably satisfactory to the Company, to be bound by the terms and provisions
of this Agreement (which may be accomplished by an addendum or certificate of joinder to this Agreement).

 

(d)            Subject
to the foregoing, this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective permitted successors
and assigns. Any attempted assignment in violation of the terms of this Section 5.02 shall be null and void, ab initio.

 

    17

     

    

 

(e)            This
Agreement shall not confer any rights or benefits on any persons that are not parties hereto, other than as expressly set forth in this
Agreement and Section 5.02 hereof.

 

Section 5.03.          Captions.
The captions in this Agreement are for convenience only and shall not be considered a part of or affect the construction or interpretation
of any provision of this Agreement.

 

Section 5.04.          Counterparts.
This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument. Delivery of an executed counterpart of a signature page to this Agreement by electronic means,
including DocuSign, e-mail, or scanned pages shall be effective as delivery of a manually executed counterpart to this Agreement,
and such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed)
with the same force and effect as if such signature page were an original thereof.

 

Section 5.05.          Severability.
Whenever possible, each provision of this Agreement will be interpreted in such a manner as to be effective and valid under Applicable
Law, but if any term or other provision of this Agreement is held to be invalid, illegal or unenforceable under Applicable Law, all other
provisions of this Agreement shall remain in full force and effect so long as the economic or legal substance of the transactions contemplated
hereby is not affected in any manner materially adverse to any party. Upon such determination that any term or other provision of this
Agreement is invalid, illegal or unenforceable under Applicable Law, the parties hereto shall negotiate in good faith to modify this Agreement
so as to effect the original intent of the parties as closely as possible in an acceptable manner in order that the transactions contemplated
hereby (including the Mergers) are consummated as originally contemplated to the greatest extent possible.

 

Section 5.06.          Governing
Law. This Agreement, the rights and duties of the parties hereto, any disputes (whether in contract, tort or statute), and the legal
relations between the parties arising hereunder shall be governed by and interpreted and enforced in accordance with the laws of the State
of New York without reference to its conflicts of law provisions.

 

Section 5.07.          Jurisdiction.
Subject to ‎‎Section 5.08, any Action based upon, arising out of or related to
this Agreement or the transactions contemplated hereby shall be settled by arbitration to be held in Hong Kong, which shall be administered
by the Hong Kong International Arbitration Centre (the “HKIAC”) in accordance with the HKIAC Administered Arbitration
Rules in force at the time of the commencement of the arbitration. There shall be three (3) arbitrators, among which one (1) shall
be appointed by the claimant, one (1) appointed by the respondent and one (1) appointed by the Secretary General of the HKIAC.
The arbitration shall be conducted in English. The award of the arbitral tribunal shall be final and binding upon the parties thereto,
and the prevailing party may apply to a court of competent jurisdiction for enforcement of such award.

 

Section 5.08.          Remedies.
The parties hereto agree that irreparable damage for which monetary damages, even if available, would not be an adequate remedy, would
occur in the event that the parties hereto do not perform their obligations under the provisions of this Agreement in accordance with
its specified terms or otherwise breach such provisions. The parties hereto acknowledge and agree that (a) such parties shall be
entitled to an injunction, specific performance, or other equitable relief, to prevent breaches of this Agreement and to enforce specifically
the terms and provisions hereof and thereof, without proof of damages and without posting a bond, prior to the valid termination of this
Agreement, this being in addition to any other remedy to which they are entitled under this Agreement, and (b) the right of specific
enforcement is an integral part of the transactions contemplated hereby and without that right, none of the parties hereto would have
entered into this Agreement. Each party agrees that it will not oppose the granting of specific performance and other equitable relief
on the basis that the other parties hereto have an adequate remedy at law or that an award of specific performance is not an appropriate
remedy for any reason at law or equity. The parties acknowledge and agree that any party seeking an injunction to prevent breaches of
this Agreement and to enforce specifically the terms and provisions of this Agreement in accordance with this Section 5.08 shall
not be required to provide any bond or other security in connection with any such injunction.

 

    18

     

    

 

Section 5.09.          Amendments
and Modifications. Upon the written consent of (a) the Company, (b) Sponsor, and (c) the Holders holding a majority
of the voting power of the then-outstanding Registrable Securities then held by all Holders in the aggregate, compliance with any of the
provisions, covenants and conditions set forth in this Agreement may be waived, or any of such provisions, covenants or conditions may
be amended or modified; provided, however, that in the event any such waiver, amendment or modification would be disproportionate and
adverse in any material respect to the material rights or obligations hereunder of a Holder, the written consent of such Holder will also
be required. No course of dealing between any Holder or the Company and any other party hereto or any failure or delay on the part of
a Holder or the Company in exercising any rights or remedies under this Agreement shall operate as a waiver of any rights or remedies
of any Holder or the Company. No single or partial exercise of any rights or remedies under this Agreement by a party shall operate as
a waiver or preclude the exercise of any other rights or remedies hereunder or thereunder by such party.

 

Section 5.10.          Termination
of Existing Registration Rights. The registration rights granted under this Agreement shall supersede any registration, qualification
or similar rights of the Holders with respect to any shares or securities of PAQC or the Company granted under any other agreement, and
any of such preexisting registration, qualification or similar rights and such agreements shall be terminated and of no further force
and effect.

 

Section 5.11.          Other
Registration Rights. Other than as provided in the PIPE Subscription Agreements, the Company represents and warrants that no person,
other than a Holder of Registrable Securities, has any right to require the Company to register any securities of the Company for sale
or to include such securities of the Company in any Registration filed by the Company for the sale of securities for its own account or
for the account of any other person. Further, the Company represents and warrants that this Agreement supersedes any other registration
rights agreement or agreement with similar terms and conditions and in the event of a conflict between any such agreement or agreements
and this Agreement, the terms of this Agreement shall prevail. For so long as any Holders hold, in the aggregate, at least five percent
(5%) of the then outstanding Company Class A Ordinary Shares, the Company will not grant any person or entity with any registration
rights with respect to the capital stock of the Company that are senior to the rights of the Holders as set forth in this Agreement in
any material respect.

 

Section 5.12.          Term.
This Agreement shall be effective from and after the Closing Date and shall terminate with respect to any Holder on the date that such
Holder no longer holds any Registrable Securities. The provisions of Section 3.05 and Article 4‎
shall survive any termination.

 

Section 5.13.          Holder
Information. Each Holder agrees, if requested in writing, to represent to the Company or such other requesting Holder the total number
of Registrable Securities held by such Holder in order for the Company or a requesting Holder to make determinations hereunder.

 

[Signature Pages Follow]

 

    19

     

    

 

IN WITNESS WHEREOF, the undersigned have caused
this Agreement to be executed as of the date first written above.

 

	 	Perfect Corp.
	 	 
	 	By:	/s/ Alice H. Chang
	 	 	Name: Alice H. Chang
	 	 	Title: Chief Executive Officer

 

[Signature Page to Registration
Rights Agreement]

 

    

     

    

 

IN WITNESS WHEREOF, the undersigned have caused
this Agreement to be executed as of the date first written above.

 

	 	SPONSOR:
	 	 
	 	Provident Acquisition Holdings Ltd.
	 	 
	 	By:	/s/ Michael Aw Soon Beng
	 	 	Name: Michael Aw Soon Beng
	 	 	Title: Director

 

[Signature Page to Registration
Rights Agreement]

 

    

     

    

 

IN WITNESS WHEREOF, the undersigned have caused
this Agreement to be executed as of the date first written above.

 

	 	HOLDERS:
	 	 
	 	CCV FUND I LP
	 	 
	 	By:	/s/ Zhou Wei
	 	 	Name: Zhou Wei
	 	 	Title: Authorized Signatory

 

[Signature Page to Registration
Rights Agreement]

 

    

     

    

 

IN WITNESS WHEREOF, the undersigned have caused
this Agreement to be executed as of the date first written above.

 

	 	HOLDERS:
	 	 
	 	CyberLink International Technology Corp.
	 	 
	 	By:	/s/ Jau-Hsiung Huang
	 	 	Name: Jau-Hsiung Huang
	 	 	Title: Director

 

[Signature Page to Registration
Rights Agreement]

 

    

     

    

 

IN WITNESS WHEREOF, the undersigned have caused
this Agreement to be executed as of the date first written above.

 

	 	HOLDERS:
	 	 
	 	DVDonet.com. Inc.
	 	 
	 	By:	/s/ Sun, Liang-Chu
	 	 	Name: Sun, Liang-Chu
	 	 	Title: Director

 

[Signature Page to Registration
Rights Agreement]

 

    

     

    

 

IN WITNESS WHEREOF, the undersigned have caused
this Agreement to be executed as of the date first written above.

 

	 	HOLDERS:
	 	 
	 	Extol Capital LP
	 	 
	 	By:	/s/ Alex Ok
	 	 	Name: Alex Ok
	 	 	Title: General Partner

 

[Signature Page to Registration
Rights Agreement]

 

    

     

    

 

IN WITNESS WHEREOF, the undersigned have caused
this Agreement to be executed as of the date first written above.

 

	 	HOLDERS:
	 	 
	 	Goldman Sachs Asia Strategic II Pte. Ltd.
	 	 
	 	By:	/s/ Tan Ching Chek
	 	 	Name: Tan Ching Chek
	 	 	Title: Director

 

[Signature Page to Registration
Rights Agreement]

 

    

     

    

 

IN WITNESS WHEREOF, the undersigned have caused
this Agreement to be executed as of the date first written above.

 

	 	HOLDERS:
	 	 
	 	LMRN, L.P.
	 	 
	 	By:	/s/ Leonard Kleinrock
	 	 	Name: Leonard Kleinrock
	 	 	Title: General Partner

 

[Signature Page to Registration Rights
Agreement]

 

    

     

    

 

IN WITNESS WHEREOF, the undersigned have caused
this Agreement to be executed as of the date first written above.

 

	 	HOLDERS:
	 	 
	 	
    Ningbo New Summit Private Equity Fund I L.P.

     

    宁波创世一期股权投资基金合伙企业(有限合伙)

	 	 
	 	By:	/s/ Zhou Wei
	 	 	Name:  Zhou Wei
	 	 	Title: Authorized Signatory

 

[Signature Page to Registration Rights
Agreement]

 

    

     

    

 

IN WITNESS WHEREOF, the undersigned have caused
this Agreement to be executed as of the date first written above.

 

	 	HOLDERS:
	 	 
	 	MC Investment Asset Holdings LLC
	 	 
	 	By:	/s/ Steve Hwang
	 	 	Name: Steve Hwang
	 	 	Title: Authorized Signatory

 

[Signature Page to Registration Rights
Agreement]

 

    

     

    

 

IN WITNESS WHEREOF, the undersigned have caused
this Agreement to be executed as of the date first written above.

 

	 	HOLDERS:
	 	 
	 	StoneBridge 2020 Offshore Holdings II, L.P.
	 	 
	 	By:	Bridge Street Opportunity Advisors, L.L.C., its general partner
	 	 
	 	By:	/s/ William Y. Eng
	 	 	Name:  William Y. Eng
	 	 	Title: Vice President

 

[Signature Page to Registration Rights
Agreement]

 

    

     

    

 

IN WITNESS WHEREOF, the undersigned have caused
this Agreement to be executed as of the date first written above.

 

	 	HOLDERS:
	 	 
	 	StoneBridge 2020, L.P.
	 	 
	 	By:	Bridge Street Opportunity Advisors, L.L.C., its general partner
	 	 
	 	By:	/s/ William Y. Eng
	 	 	Name:  William Y. Eng
	 	 	Title: Vice President

 

[Signature Page to Registration Rights
Agreement]

 

    

     

    

 

IN WITNESS WHEREOF, the undersigned have caused
this Agreement to be executed as of the date first written above.

 

	 	HOLDERS:
	 	 
	 	Taobao China Holding Limited
	 	 
	 	By:	 /s/ Lei Jin
	 	 	Name:  Lei Jin
	 	 	Title: Authorized Signatory

 

[Signature Page to Registration Rights
Agreement]

 

    

     

    

 

IN WITNESS WHEREOF, the undersigned have caused
this Agreement to be executed as of the date first written above.

 

	 	HOLDERS:
	 	 
	 	The Kleinrock 1990 Trust
	 	 
	 	By:	/s/ Leonard Kleinrock
	 	 	Name: Leonard Kleinrock
	 	 	Title: Trustee

 

[Signature Page to Registration Rights
Agreement]

 

    

     

    

 

IN WITNESS WHEREOF, the undersigned have caused
this Agreement to be executed as of the date first written above.

 

	 	HOLDERS:
	 	 
	 	World Speed Company Limited
	 	 
	 	By:	/s/ Sun, Liang-Chu
	 	 	Name: Sun, Liang-Chu
	 	 	Title:
    Director

 

[Signature Page to Registration Rights
Agreement]

 

    

     

    

 

IN WITNESS WHEREOF, the undersigned have caused
this Agreement to be executed as of the date first written above.

 

	 	HOLDERS:
	 	 
	 	Yuanta Asia Investment (Hong Kong) Limited
	 	 
	 	By:	/s/ Yu, Hsiao-Tsui
	 	 	Name:  Yu, Hsiao-Tsui
	 	 	Title: President

 

[Signature Page to Registration Rights
Agreement]

 

    

     

    

 

Schedule A

 

Legacy Equityholders

 

	1.	CCV FUND I LP
	 	 
	2.	CyberLink International Technology Corp.
	 	 
	3.	DVDonet.com. Inc.
	 	 
	4.	Extol Capital LP
	 	 
	5.	Goldman Sachs Asia Strategic II Pte. Ltd.
	 	 
	6.	LMRN, L.P.
	 	 
	7.	Ningbo New Summit Private Equity Fund I L.P.
	 	 
	8.	MC Investment Asset Holdings LLC
	 	 
	9.	StoneBridge 2020 Offshore Holdings II, L.P.
	 	 
	10.	StoneBridge 2020, L.P.
	 	 
	11.	Taobao China Holding Limited
	 	 
	12.	The Kleinrock 1990 Trust
	 	 
	13.	World Speed Company Limited
	 	 
	14.	Yuanta Asia Investment (Hong Kong) Limited

 

    A-1

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