Document:

Exhibit
10.11

SECURITIES
ESCROW AGREEMENT

 

This
Securities Escrow Agreement, dated as of [●], 2022 (“Agreement”), by and among AlphaTime Acquisition
Corp, a Cayman Islands exempted Company (the “Company”), the initial shareholders listed on Exhibit A attached
hereto (each, an “Initial Shareholder” and collectively the “Initial Shareholders”)
and American Stock Transfer & Trust Company, a New York limited liability trust company (the “Escrow Agent”).

 

WHEREAS,
the Company has entered into an Underwriting Agreement, dated as of [●], 2022 (“Underwriting Agreement”),
with Chardan Capital Markets, LLC (“Chardan”), acting as the representative of the underwriters (collectively,
the “Underwriters”), pursuant to which, among other matters, the Underwriters have agreed to purchase 6,000,000
units (“Units”) of the Company, plus an additional 900,000 Units if the Underwriters exercise their over-allotment
option in full. Each Unit consists of one ordinary share of the Company, $0.0001 par value (“Ordinary Shares”),
one redeemable warrant, with each warrant entitling the holder to purchase one Ordinary Share, and  one
right, with each right entitling the holder thereof to receive one-tenth of one Ordinary Share upon the completion of an initial business
combination,  all
as more fully described in the Company’s final Prospectus, dated [●], 2022 (“Prospectus”), comprising
part of the Company’s Registration Statement on Form S-1 (File No. 333-[●]) under the Securities Act of 1933, as amended
(“Registration Statement”), declared effective on [●], 2022 (“Effective Date”).

 

WHEREAS,
the Initial Shareholders have agreed as a condition of the sale of the Units to deposit their founder shares and private units (each
as defined in the Prospectus), as set forth opposite their respective names in Exhibit A attached hereto (“Escrow Shares”
and “Escrow Units,” respectively, and collectively “Escrow Securities”), in escrow
as hereinafter provided.

 

WHEREAS,
the Company and the Initial Shareholders desire that the Escrow Agent accept the Escrow Securities, in escrow, to be held and disbursed
as hereinafter provided.

 

IT
IS AGREED:

 

1.
Appointment of Escrow Agent. The Company and the Initial Shareholders hereby appoint the Escrow Agent to act in accordance with
and subject to the terms of this Agreement and the Escrow Agent hereby accepts such appointment and agrees to act in accordance with
and subject to such terms.

 

2.
Deposit of Escrow Securities. On or prior to the date hereof, the Initial Shareholders delivered to the Escrow Agent certificates
representing such Initial Shareholders’ respective Escrow Securities, together with applicable stock powers, to be held and disbursed
subject to the terms and conditions of this Agreement. Each of the Initial Shareholders acknowledges that the certificate representing
such Initial Shareholder’s Escrow Securities are legended to reflect the deposit of such Escrow Securities under this Agreement.

 

3.
Disbursement of the Escrow Securities.

 

3.1 The Escrow Agent shall hold the Escrow Securities during the period (the “Escrow Period”) commencing
on the date hereof and (i) for 50% of each of the Escrow Shares and the Escrow Units held by each Initial Shareholder, until the earlier
of (a) six months after the date of the consummation of the Company’s initial business combination (as described in the Registration
Statement, hereinafter a “Business Combination”); or (b) the date on which the closing price of Ordinary Shares
equals or exceeds $12.50 per share (as adjusted for share splits, share dividends, reorganizations, recapitalizations and the like) for
any 20 trading days within any 30-trading day period commencing after a Business Combination and (ii) for the remaining Escrow Securities,
until six months after the date of the consummation of a Business Combination. The Company shall promptly provide written notice of the
consummation of a Business Combination to the Escrow Agent. Upon completion of the Escrow Period, the Escrow Agent shall disburse such
amount of each Initial Shareholder’s Escrow Securities (and any applicable stock power) to such Initial Shareholder; provided,
however, that if the Escrow Agent is notified by the Company pursuant to Section 6.7 hereof that the Company is being liquidated at any
time during the Escrow Period, then the Escrow Agent shall promptly destroy the certificates representing the Escrow Securities; provided
further, however, that if, within the six months after the Company consummates a Business Combination, the Company (or the surviving
entity) subsequently consummates a liquidation, merger, stock exchange or other similar transaction which results in all of the shareholders
of such entity having the right to exchange their Ordinary Shares for cash, securities or other property, then the Escrow Agent will,
upon receipt of a written notice executed by the Chair of the Board, Chief Executive Officer or other authorized officer of the Company,
in a form reasonably acceptable to the Escrow Agent, certifying that such transaction is then being consummated or such conditions have
been achieved, as applicable, release the Escrow Securities to the Initial Shareholders. The Escrow Agent shall have no further duties
hereunder after the disbursement or destruction of the Escrow Securities in accordance with this Section 3.

 

    	 

    	 

    

 

3.2
Notwithstanding Section 3.1, if the Underwriters do not exercise their over-allotment option to purchase an additional 900,000 Units
of the Company in full within 45 days of the date of the Prospectus (as described in the Underwriting Agreement), the Initial Shareholders
agree that the Escrow Agent shall return to the Company for cancellation, at no cost, the number of Escrow Securities held by each such
holder determined by multiplying (a) the product of (i) 900,000 multiplied by (ii) a fraction, (x) the numerator of which is the number
of Escrow Securities held by each such holder, and (y) the denominator of which is the total number of Escrow Securities, by (b) a fraction,
(i) the numerator of which is 900,000 minus the number of Ordinary Shares purchased by the Underwriters upon the exercise of their over-allotment
option, and (ii) the denominator of which is 900,000. The Company shall promptly provide written notice to the Escrow Agent of the expiration
or termination of the Underwriters’ over-allotment option and the number of Units, if any, purchased by the Underwriters in connection
with their exercise thereof.

 

4.
Rights of Initial Shareholders in Escrow Securities.

 

4.1
Voting Rights as a Shareholder. Subject to the terms of the Insider Letter described in Section 4.4 hereof and except as herein
provided, the Initial Shareholder shall retain all of their rights as shareholders of the Company during the Escrow Period, including,
without limitation, the right to vote such shares.

 

4.2
Dividends and Other Distributions in Respect of the Escrow Securities. During the Escrow Period, all dividends payable in cash
with respect to the Escrow Securities shall be paid to the Initial Shareholders, but all dividends payable in shares or other non-cash
property (“Non-Cash Dividends”) shall be delivered to the Escrow Agent to hold in accordance with the terms
hereof. As used herein, the term “Escrow Securities” shall be deemed to include the Non-Cash Dividends distributed thereon,
if any.

 

4.3
Restrictions on Transfer. During the Escrow Period, the only permitted transfers of the Escrow Securities will be (i) to the Company’s
officers or directors, any affiliates or family members of any of the Company’s officers or directors, any members of the Company’s
initial shareholders, or any affiliate of the Company’s initial shareholders; (ii) in the case of an individual, by gift to a member
of the individual’s immediate family, to a trust, the beneficiary of which is a member of the individual’s immediate family
or an affiliate of such person, or to a charitable organization; (iii) in the case of an individual, by virtue of laws of descent and
distribution upon death of the individual; (iv) in the case of an individual, pursuant to a qualified domestic relations order; (v) by
private sales or transfers made in connection with the consummation of a Business Combination at prices no greater than the price at
which the securities were originally purchased; (vi) by virtue of the laws of the Cayman Islands or the memorandum and articles of association
of the Company’s sponsor upon dissolution of the sponsor; (vii) in the event of the Company’s liquidation prior to the completion
of a Business Combination; (viii) to the Company for no value for cancellation in connection with the consummation of a Business Combination;
or (ix) in the event of the Company’s completion of a liquidation, merger, share exchange or other similar transaction which results
in all of the Company’s shareholders having the right to exchange their ordinary shares for cash, securities or other property
subsequent to the Company’s completion of a Business Combination; provided, however, that in the case of clauses (i) through (vi),
these permitted transferees must enter into a written agreement agreeing to be bound by these transfer restrictions and the other restrictions
contained in the Insider Letter (as defined below).

 

4.4
Insider Letter. Each of the Initial Shareholders has executed a letter agreement with Chardan and the Company, dated as indicated
on Exhibit A hereto, and the form of which is filed as an exhibit to the Registration Statement (the “Insider Letter”),
respecting the rights and obligations of such Initial Shareholder in certain events, including but not limited to the liquidation of
the Company.

 

    	 

    	 

    

 

5.
Concerning the Escrow Agent.

 

5.1
Good Faith Reliance. The Escrow Agent shall not be liable for any action taken or omitted by it in good faith and in the exercise
of its own best judgment, and may rely conclusively and shall be protected in acting upon any order, notice, demand, certificate, opinion
or advice of counsel (including counsel chosen by the Escrow Agent), statement, instrument, report or other paper or document (not only
as to its due execution and the validity and effectiveness of its provisions, but also as to the truth and acceptability of any information
therein contained) which is believed by the Escrow Agent to be genuine and to be signed or presented by the proper person or persons.
The Escrow Agent shall not be bound by any notice or demand, or any waiver, modification, termination or rescission of this Agreement
unless evidenced by a writing delivered to the Escrow Agent signed by the proper party or parties and, if the duties or rights of the
Escrow Agent are affected, unless it shall have given its prior written consent thereto.

 

5.2
Indemnification. The Escrow Agent shall be indemnified and held harmless by the Company from and against any expenses, including
reasonable counsel fees and disbursements, or loss suffered by the Escrow Agent in connection with any action, suit or other proceeding
involving any claim which in any way, directly or indirectly, arises out of or relates to this Agreement, the services of the Escrow
Agent hereunder, or the Escrow Securities held by it hereunder, other than expenses or losses arising from the gross negligence or willful
misconduct of the Escrow Agent. Promptly after the receipt by the Escrow Agent of notice of any demand or claim or the commencement of
any action, suit or proceeding, the Escrow Agent shall notify the other parties hereto in writing. In the event of the receipt of such
notice, the Escrow Agent, in its sole discretion, may commence an action in the nature of interpleader in an appropriate court to determine
ownership or disposition of the Escrow Securities or it may deposit the Escrow Securities with the clerk of any appropriate court or
it may retain the Escrow Securities pending receipt of a final, non-appealable order of a court having jurisdiction over all of the parties
hereto directing to whom and under what circumstances the Escrow Securities are to be disbursed and delivered. The provisions of this
Section 5.2 shall survive in the event the Escrow Agent resigns or is discharged pursuant to Sections 5.5 or 5.6 below.

 

5.3
Compensation. The Escrow Agent shall be entitled to reasonable compensation from the Company for all services rendered by it hereunder.
The Escrow Agent shall also be entitled to reimbursement from the Company for all expenses paid or incurred by it in the administration
of its duties hereunder including, but not limited to, all counsel, advisors’ and agents’ fees and disbursements and all
taxes or other governmental charges.

 

5.4
Further Assurances. From time to time on and after the date hereof, the Company and the Initial Shareholders shall deliver or
cause to be delivered to the Escrow Agent such further documents and instruments and shall do or cause to be done such further acts as
the Escrow Agent shall reasonably request to carry out more effectively the provisions and purposes of this Agreement, to evidence compliance
herewith or to assure itself that it is protected in acting hereunder.

 

5.5
Resignation. The Escrow Agent may resign at any time and be discharged from its duties as escrow agent hereunder by its giving
the other parties hereto written notice and such resignation shall become effective as hereinafter provided. Such resignation shall become
effective at such time that the Escrow Agent shall turn over to a successor escrow agent appointed by the Company, the Escrow Securities
held hereunder. If no new escrow agent is so appointed within the 60 day period following the giving of such notice of resignation, the
Escrow Agent may deposit the Escrow Securities with any court it reasonably deems appropriate.

 

5.6
Discharge of Escrow Agent. The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested
in writing at any time by the other parties hereto, jointly, provided, however, that such resignation shall become effective only upon
acceptance of appointment by a successor escrow agent as provided in Section 5.5.

 

5.7
Liability. Notwithstanding anything herein to the contrary, the Escrow Agent shall not be relieved from liability hereunder for
its own gross negligence or its own willful misconduct.

 

5.8
Waiver. The Escrow Agent hereby waives any right of set-off or any other right, title, interest or claim of any kind (“Claim”)
in, or to any distribution of, the Trust Account (as defined in that certain Investment Management Trust Agreement, dated as of the date
hereof, by and between the Company and the Escrow Agent as trustee thereunder) and hereby agrees not to seek recourse, reimbursement,
payment or satisfaction for any Claim against the Trust Account for any reason whatsoever.

 

    	 

    	 

    

 

6.
Miscellaneous.

 

6.1
Governing Law. This Agreement shall for all purposes be deemed to be made under and shall be construed in accordance with the
laws of the State of New York, without giving effect to conflicts of law principles that would result in the application of the substantive
laws of another jurisdiction.

 

6.2
Third Party Beneficiaries. The Initial Shareholders hereby acknowledge that Chardan is a third party beneficiary of this Agreement
and this Agreement may not be modified or changed without the prior written consent of Chardan.

 

6.3
Entire Agreement. This Agreement contains the entire agreement of the parties hereto with respect to the subject matter hereof
and, except as expressly provided herein, may not be changed or modified except by an instrument in writing signed by the party to the
charged.

 

6.4
Headings. The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning
or interpretation thereof.

 

6.5
Binding Effect. This Agreement shall be binding upon and inure to the benefit of the respective parties hereto and their legal
representatives, successors and assigns.

 

6.6
Notices. Any notice or other communication required or which may be given hereunder shall be in writing and either be delivered
personally or be mailed, certified or registered mail, or by private national courier service, return receipt requested, postage prepaid,
and shall be deemed given when so delivered personally or, if mailed, two days after the date of mailing, as follows:

 

If
to the Company, to:

 

AlphaTime
Acquisition Corp

500
5th Avenue, Suite 938

New
York, NY 10220

Attn:
Dajiang Guo, Chief Executive Officer

Email:
Dajiang.guo@gmail.com 

 

If
to a Shareholder, to his address set forth in Exhibit A.

 

and
if to the Escrow Agent, to:

American
Stock Transfer & Trust Company

6201
12th Avenue

New
York, NY 11219

Attn:
Michelle McLean 

 Email: Mmclean@astfinancial.com 

 

A
copy (which copy shall not constitute notice) sent hereunder shall be sent to:

 

Chardan
Capital Markets LLC

17
State Street, 21st Floor

New
York, NY 10004

Attn:
Elliot Gnedy 

 Email: EGnedy@Chardan.com  

 

and:

 

Winston
& Strawn LLP

800
Capitol St., Suite 2400

Houston
Texas 77002

Attn:
Michael J. Blankenship

Email:
mblankenship@winston.com

 

and:

 

Greenberg
Traurig, LLP

1750
Tysons Boulevard, Suite

McLean,
Virginia 22102

Attn:
Jason T. Simon

Email:
simonj@gtlaw.com

 

The
parties may change the persons and addresses to which the notices or other communications are to be sent by giving written notice to
any such change in the manner provided herein for giving notice.

 

6.7
Liquidation of the Company. The Company shall give the Escrow Agent written notification of the liquidation and dissolution of
the Company in the event that the Company fails to consummate a Business Combination within the time period specified in the Prospectus.

 

[Signature
Page Follows]

 

    	 

    	 

    

 

WITNESS
the execution of this Agreement as of the date first above written.

 

	COMPANY:	 
	 	 	 
	ALPHATIME
    ACQUISITION CORP	 
	 	 
	By:	 	 
	Name:	Dajiang
    Guo 	 
	Title:	Chief
    Executive Officer	 

 

	INITIAL SHAREHOLDER:	 
	 	 
	 Alphamade Holding LP 	 
	 	 	 
	By:	 	 
	Name:	Taylor Zhang	 
	Title:	Manager	 
	 	 	 
	By:	 	 
	Name:	Taylor Zhang	 
	 	 	 
	By:	 	 
	Name:	Dajiang Guo	 
	 	 	 
	By:	 	 
	Name:	Jichuan Yang	 
	 	 	 
	By:	 	 
	Name:	Li Wei	 
	 	 	 
	By:	 	 
	Name:	 Michael Coyne 
	 
	 	 	 
	By:	 	 
	Name:	Wen He	 
	 	 	 
	AMERICAN STOCK TRANSFER & TRUST COMPANY 	 
	 	 	 
	By:	 	 
	Name:	 	 
	Title:	 	 

 

    	 

    	 

    

 

EXHIBIT
A

 

	Name
    and Address of Initial Shareholder[1]	 	Number
of Shares	 	Number of

                                                                                Private Units
	 	Date
    of Insider Letter
	 Alphamade Holding LP 	 	 	 	 	 	 
	Taylor
    Zhang	 	 	 	 	 	 
	Dajiang
    Guo	 	 	 	 	 	 
	Jichuan
    Yang	 	 	 	 	 	 
	Li
    Wei	 	 	 	 	 	 
	 Michael
                                            Coyne 
	 	 	 	 	 	 
	Wen
    He	 	 	 	 	 	 

 

	[1]	The
    address of each of the individuals is c/o, AlphaTime Acquisition Corp, 500 5th Avenue, Suite 938, New York, NY 10110.Exhibit
10.12

 

THIS
THIRD AMENDED AND RESTATED PROMISSORY NOTE (“NOTE”) HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(THE “SECURITIES ACT”). THIS NOTE HAS BEEN ACQUIRED FOR INVESTMENT ONLY AND MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE
ABSENCE OF REGISTRATION OF THE RESALE THEREOF UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY IN FORM, SCOPE
AND SUBSTANCE TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.

 

THIRD
AMENDED AND RESTATED PROMISSORY NOTE

 

	Principal
    Amount: $300,000	Dated
as of October 20, 2022 

 

AlphaTime
Acquisition Corp, a Cayman Islands exempted company (the “Maker”), promises to pay to the order of Alphamade Holding
LP or its registered assigns or successors in interest (the “Payee”), or order, the principal sum of Three Hundred
Thousand Dollars ($300,000) or such lesser amount as shall have been advanced to Payee to Maker and shall remain unpaid under this Note
on the Maturity Date (as defined below) in lawful money of the United States of America, on the terms and conditions described below.
All payments on this Note shall be made by check or wire transfer of immediately available funds or as otherwise determined by the Maker
to such account as the Payee may from time to time designate by written notice in accordance with the provisions of this Note. This Note
amends, restates, and supersedes and is given in substitution for, but not extinguishment of, that certain Promissory Note, dated as
of September 30, 2021 (as further amended by that certain Amended and Restated Promissory Note, dated as of November 23, 2021, and that
certain Second Amended and Restated Promissory Note, dated as of January 26, 2022), made by the Maker in favor of the Payee in the original
amount of $300,000, and does not constitute a novation or discharge of the indebtedness evidence thereby.

 

1.
Principal. The entire unpaid principal balance of this Note shall be payable on the earlier of: (i) December 31, 2022 or (ii)
the date on which Maker consummates an initial public offering of its securities (such earlier date, the “Maturity Date”).
The principal balance may be prepaid at any time. Under no circumstances shall any individual, including but not limited to any officer,
director, employee, or stockholder of the Maker, be obligated personally for any obligations or liabilities of the Maker hereunder.

 

2.
Drawdown Requests. Maker and Payee agree that Maker may request, from time to time, up to Three Hundred Thousand Dollars ($300,000)
in drawdowns under this Note to be used for costs and expenses related to Maker’s formation and the proposed initial public offering
of its securities (the “IPO”). Principal of this Note may be drawn down from time to time prior to the Maturity Date
upon written request from Maker to Payee (each, a “Drawdown Request”). Each Drawdown Request must state the amount
to be drawn down, and must not be an amount less than Ten Thousand Dollars ($10,000). Payee shall fund each Drawdown Request no later
than three (3) business days after receipt of a Drawdown Request; provided, however, that the maximum amount of drawdowns outstanding
under this Note at any time may not exceed Three Hundred Thousand Dollars ($300,000). No fees, payments or other amounts shall be due
to Payee in connection with, or as a result of, any Drawdown Request by Maker.

 

    	 

     

    

 

3.
Interest. No interest shall accrue on the unpaid principal balance of this Note.

 

4.
Application of Payments. All payments shall be applied first to payment in full of any costs incurred in the collection of any
sum due under this Note, including (without limitation) reasonable attorney’s fees, then to the payment in full of any late charges
and finally to the reduction of the unpaid principal balance of this Note.

 

5.
Events of Default. The following shall constitute an event of default (“Event of Default”):

 

(a)
Failure to Make Required Payments. Failure by Maker to pay the principal amount due pursuant to this Note within five (5) business
days of the date specified above.

 

(b)
Voluntary Bankruptcy, Etc. The commencement by Maker of a voluntary case under any applicable bankruptcy, insolvency, reorganization,
rehabilitation or other similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator, assignee,
trustee, custodian, sequestrator (or other similar official) of Maker or for any substantial part of its property, or the making by it
of any assignment for the benefit of creditors, or the failure of Maker generally to pay its debts as such debts become due, or the taking
of corporate action by Maker in furtherance of any of the foregoing.

 

(c)
Involuntary Bankruptcy, Etc. The entry of a decree or order for relief by a court having jurisdiction in the premises in respect
of Maker in an involuntary case under any applicable bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator,
assignee, custodian, trustee, sequestrator (or similar official) of Maker or for any substantial part of its property, or ordering the
winding-up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect for a period of 60 consecutive
days.

 

6.
Remedies.

 

(a)
Upon the occurrence of an Event of Default specified in Section 4(a) hereof, Payee may, by written notice to Maker, declare this Note
to be due immediately and payable, whereupon the unpaid principal amount of this Note, and all other amounts payable hereunder, shall
become immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby expressly
waived, anything contained herein or in the documents evidencing the same to the contrary notwithstanding.

 

(b)
Upon the occurrence of an Event of Default specified in Sections 5(b) or 5(c), the unpaid principal balance of this Note, and all other
sums payable with regard to this Note, shall automatically and immediately become due and payable, in all cases without any action on
the part of Payee.

 

7.
Waivers. Maker and all endorsers and guarantors of, and sureties for, this Note waive presentment for payment, demand, notice
of dishonor, protest, and notice of protest with regard to the Note, all errors, defects and imperfections in any proceedings instituted
by Payee under the terms of this Note, and all benefits that might accrue to Maker by virtue of any present or future laws exempting
any property, real or personal, or any part of the proceeds arising from any sale of any such property, from attachment, levy or sale
under execution, or providing for any stay of execution, exemption from civil process, or extension of time for payment; and Maker agrees
that any real estate that may be levied upon pursuant to a judgment obtained by virtue hereof or any writ of execution issued hereon,
may be sold upon any such writ in whole or in part in any order desired by Payee.

 

    	 

     

    

 

8.
Unconditional Liability. Maker hereby waives all notices in connection with the delivery, acceptance, performance, default, or
enforcement of the payment of this Note, and agrees that its liability shall be unconditional, without regard to the liability of any
other party, and shall not be affected in any manner by any indulgence, extension of time, renewal, waiver or modification granted or
consented to by Payee, and consents to any and all extensions of time, renewals, waivers, or modifications that may be granted by Payee
with respect to the payment or other provisions of this Note, and agrees that additional makers, endorsers, guarantors, or sureties may
become parties hereto without notice to Maker or affecting Maker’s liability hereunder.

 

9.
Notices. All notices, statements or other documents which are required or contemplated by this Note shall be: (i) in writing and
delivered personally or sent by first class registered or certified mail, overnight courier service or facsimile or electronic transmission
to the address designated in writing, (ii) by facsimile to the number most recently provided to such party or such other address or fax
number as may be designated in writing by such party and (iii) by electronic mail, to the electronic mail address most recently provided
to such party or such other electronic mail address as may be designated in writing by such party. Any notice or other communication
so transmitted shall be deemed to have been given on the day of delivery, if delivered personally, on the business day following receipt
of written confirmation, if sent by facsimile or electronic transmission, one (1) business day after delivery to an overnight courier
service or five (5) days after mailing if sent by mail.

 

10.
Construction. THIS NOTE SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF NEW YORK, WITHOUT REGARD TO CONFLICT OF
LAW PROVISIONS THEREOF.

 

11.
Severability. Any provision contained in this Note which is prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof,
and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other
jurisdiction.

 

12.
Trust Waiver. Notwithstanding anything herein to the contrary, the Payee hereby waives any and all right, title, interest or claim
of any kind (“Claim”) in or to any distribution of or from the trust account to be established in which the proceeds
of the IPO conducted by the Maker (including the deferred underwriters discounts and commissions) and the proceeds of the sale of the
warrants issued in a private placement to occur prior to the consummation of the IPO are to be deposited, as described in greater detail
in the registration statement and prospectus to be filed with the Securities and Exchange Commission in connection with the IPO, and
hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim against the trust account for any reason whatsoever.

 

13.
Amendment; Waiver. Any amendment hereto or waiver of any provision hereof may be made with, and only with, the written consent
of the Maker and the Payee.

 

14.
Assignment. No assignment or transfer of this Note or any rights or obligations hereunder may be made by any party hereto (by
operation of law or otherwise) without the prior written consent of the other party hereto and any attempted assignment without the required
consent shall be void.

 

[Signature
page follows]

 

    	 

     

    

 

IN
WITNESS WHEREOF, Maker, intending to be legally bound hereby, has caused this Note to be duly executed by the undersigned as of the
day and year first above written.

 

	 	ALPHATIME
    ACQUISITION CORP
	 	 	 
	 	By:	/s/
    Dajiang Guo
	 	Name:	Dajiang
    Guo
	 	Title:	CEO

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