Document:

Exhibit 10.2 

 

Execution Version

 

ASSIGNMENT, ASSUMPTION AND CONSENT AGREEMENT

 

THIS
ASSIGNMENT, ASSUMPTION AND CONSENT AGREEMENT (this “Agreement”), dated as of August 9, 2022, is entered
into by and among PT Sensasi Istana Warna, a limited liability company incorporated under the laws of Indonesia (“Assignor”),
Kofuku Ranea Capital Pte. Ltd., an exempt private company limited by shares incorporated under the laws of Singapore (“Assignee”),
Provident Acquisition Corp., a Cayman Islands exempted company (the “Issuer”), and Perfect Corp., a Cayman Islands
exempted company (the “Company”). Capitalized terms used but not defined herein shall have the meaning ascribed to
such terms in the Subscription Agreement (as defined below).

 

WHEREAS, Assignor, the Issuer and the Company entered
into that certain subscription agreement dated as of March 3, 2022 (the “Subscription Agreement”), pursuant to
which Assignor has agreed to subscribe for and purchase from the Issuer an aggregate of 200,000 Issuer Class A Ordinary Shares for
a purchase price of $10.00 per share and for the aggregate purchase price of $2,000,000 on the date that is one Business Day prior to
the consummation of the First Merger;

 

WHEREAS, Assignee, is an investment holding company
incorporated on June 19, 2021 in Singapore, and is an Affiliate (as defined in the Business Combination Agreement) of the Assignor;

 

WHEREAS Assignor desires to transfer and assign
to Assignee, and Assignee desires to assume the Subscription Agreement, including the full amount of Assignor’s aggregate subscription
under the Subscription Agreement; and

 

WHEREAS, Section 6.5 (Assignment) of
the Subscription Agreement provides that neither the Subscription Agreement nor any rights and interests or obligations that may accrue
to the parties thereunder (including Assignor’s rights to purchase the Subscribed Shares) may be transferred or assigned without
the prior written consent of the other parties thereof, and the Issuer and the Company desire to provide such consent in accordance with
the terms and conditions set forth herein.

 

NOW, THEREFORE, in consideration of the mutual
agreements herein contained, the receipt and sufficiency of which is hereby acknowledged and intending to be legally bound, the parties
hereto agree as follows:

 

1.            Assignment
and Assumption. Subject to the provisions of this Agreement, Assignor hereby assigns to Assignee all of Assignor’s right, title
and interest in and to the Subscription Agreement; and Assignee hereby accepts such assignment and assumes all of Assignor’s liabilities
and obligations under the Subscription Agreement, and agrees to pay, perform, satisfy and discharge in full, as the same become due, all
of Assignor’s liabilities and obligations under the Subscription Agreement. Assignee confirms that it has reviewed the Subscription
Agreement with legal counsel of Assignee’s choosing and Assignee agrees that the Issuer and the Company shall have the right of
direct action against Assignee pursuant to the same remedies as are available against Assignor.

 

2.            Representations
and Warranties of Assignor and Assignee; No Release of Assignor.

 

2.1.            Assignor
and Assignee hereby represent and warrant to each of the Issuer and the Company that the information with respect to the Assignor and
Assignee in the recitals is true and correct as of the date hereof and as of the Subscription Closing Date.

 

2.2.            To
induce the Issuer and the Company to enter into this Agreement, (a) Assignee hereby represents and warrants to each of the
Issuer and the Company and acknowledges and agrees with each of the Issuer and the Company, as of the date hereof and as of the
Subscription Closing Date, each of the representations and warranties of Assignor set forth in the Subscription Agreement as if made
by Assignee mutatis mutandis, and (b) Assignor hereby acknowledges and agrees that neither this Agreement nor the
consent of the Issuer or the Company hereunder shall release Assignor in whole or in part from any of its liabilities and
obligations under the Subscription Agreement if Assignee fails to pay, perform, satisfy or discharge in full, as the same become
due, any such liability or obligation. Assignor
hereby agrees to be bound by any amendment to the Subscription Agreement after the date hereof which is executed by the Assignee. In
furtherance of the foregoing, it is specifically understood and agreed that in the event of default by Assignee under the
Subscription Agreement, the Issuer and the Company shall be entitled to commence any action or proceeding against Assignor or
otherwise exercise any available remedies at law or in equity to enforce the provisions of the Subscription Agreement against
Assignor without first commencing any action or otherwise proceeding against Assignee or any other party, or otherwise exhausting
all of its available remedies against Assignee or any other party.

 

    1

     

    

 

3.            Consent;
Subsequent Assignment. Pursuant to Section 6.5 (Assignment) of the Subscription Agreement, each of the Issuer and the
Company hereby consents to the assignment of the Subscription Agreement by Assignor to Assignee and the assumption of the Subscription
Agreement by Assignee from Assignor, in each case pursuant to this Agreement. The consent of the Issuer and the Company shall be deemed
limited solely to the assignment as provided in this Agreement, and the Issuer and the Company reserve the right to consent or to withhold
consent and all other rights under the Subscription Agreement with respect to any other matters, including, without limitation, any subsequent
assignment.

 

4.            Effectiveness
of Consent. The effectiveness of this Agreement is subject to and conditioned upon the full execution and delivery by and among the
parties of this Agreement.

 

5.            Miscellaneous
Provisions.

 

5.1.            Subscription
Agreement. Each party hereby acknowledges and agrees that, except as expressly set forth hereunder, neither the representations and
warranties, covenants, agreements, terms, provisions or conditions nor the rights, obligations or remedies of any party under the Subscription
Agreement shall be deemed to be abrogated, modified, waived, impaired, affected or altered in any way by execution or acceptance of this
Agreement.

 

5.2.            Notice.
For purposes of Section 6.2 of the Subscription Agreement, all notices and other communications to Assignee shall be given or made
to:

 

		Company:	Kofuku Ranea Capital Pte. Ltd.
		Address:	Gedung Avian Brands, Jl. Ahmad Yani No. 317
			Surabaya 60234, Jawa Timur, Indonesia
		Attention:	Ruslan Tanoko
		Email:	rtanoko@gmail.com

 

5.3.            Entire
Agreement; Conflict. This Agreement and the Subscription Agreement constitute the entire agreement and supersede all other prior agreements,
understandings, representations and warranties, both written and oral, among the parties, with respect to the subject matter hereof.  In
the event of any conflict between this Agreement and the Subscription Agreement, the provisions
of this Agreement shall control.

 

5.4.            Incorporation
by Reference. Article 6 of the Subscription Agreement shall apply mutatis mutandis to this Agreement.

 

[Signature Page Follows]

 

    2

     

    

 

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

 

	 	PT Sensasi Istana Warna
	 	 
	 	By:	/s/ RUSLAN TANOKO
	 	 	Name:RUSLAN TANOKO
	 	 	Title: Director

 

[Signature Page to Assignment,
Assumption and Consent Agreement]

 

    

     

    

 

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

 

	 	Kofuku Ranea Capital Pte. Ltd.
	 	 
	 	By:	/s/ LIM LI CHING
	 	 	Name:LIM LI CHING
	 	 	Title: Director

 

[Signature Page to Assignment,
Assumption and Consent Agreement]

 

    

     

    

 

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

 

	 	PROVIDENT ACQUISITION CORP.
	 	 
	 	By:	/s/ MICHAEL AW
	 	 	Name:MICHAEL AW
	 	 	Title: Director

 

[Signature Page to Assignment,
Assumption and Consent Agreement]

 

    

     

    

 

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

 

	 	PERFECT CORP.
	 	 
	 	By:	/s/ ALICE H. CHANG
	 	 	Name: ALICE H. CHANG
	 	 	Title: Chief Executive Officer

 

[Signature Page to Assignment, Assumption and
Consent Agreement]Exhibit 10.3

 

Execution Version

 

JOINDER AGREEMENT

 

The undersigned (“Transferee”)
is executing and delivering this Joinder Agreement (the “Joinder Agreement”) pursuant to Section 7 of the Forward
Purchase Agreement, dated as of December 15, 2020 (as the same may hereafter be amended, the “Forward Purchase Agreement”),
by and between Provident Acquisition Corp., a Cayman Islands exempted company (the “Company”) and PT Nugraha Eka Kencana
(the “Transferor”). Capitalized terms used but not otherwise defined herein shall have the meanings provided in the
Forward Purchase Agreement.

 

The Transferee hereby represents
and warrants to the Company and acknowledges and agrees with the Company, as of the date of this Joinder Agreement, each of the representations
and warranties of the Transferor set forth in the Forward Purchase Agreement as if made by the Transferee mutatis mutandis.

 

The
Transferor hereby acknowledges and agrees that, notwithstanding any provisions to the contrary contained in the Forward Purchase
Agreement, this Joinder Agreement shall not release Transferor in whole or in part from any of its liabilities and obligations under the
Forward Purchase Agreement if Transferee fails to pay, perform, satisfy or discharge in full, as the same become due, any such liability
or obligation. Transferor hereby agrees to be bound by any amendment to the Forward Purchase Agreement after the date of this Joinder
Agreement which is executed by the Transferee. In furtherance of the foregoing, it is specifically understood and agreed that in the event
of default by Transferee under the Forward Purchase Agreement, the Company shall be entitled to commence any action or proceeding against
Transferor or otherwise exercise any available remedies at law or in equity to enforce the provisions of the Forward Purchase Agreement
against Transferor without first commencing any action or otherwise proceeding against Transferee or any other party, or otherwise exhausting
all of its available remedies against Transferee or any other party.

 

By
executing and delivering this Joinder Agreement to the Transferor and the Company, and upon acceptance hereof by the Transferor and the
Company upon the execution of a counterpart hereof, the number of the Forward Purchase Shares and the Forward Purchase Warrants (collectively,
the “Transferee Securities”) to be purchased by the Transferee, and the aggregate purchase price to be paid by the
Transferee, shall be as set forth on the signature page to this Joinder Agreement next to the line items “Number of Forward
Purchase Shares,” “Number of Forward Purchase Warrants,” and “Aggregate Purchase Price for Forward Purchase
Units,” respectively, and the Transferee shall have all the rights and obligations of the Transferor under the Forward Purchase
Agreement with respect to the Transferee Securities.

 

Accordingly, the number of
Forward Purchase Shares and Forward Purchase Warrants to be purchased by the Transferor under the Forward Purchase Agreement shall be
reduced, respectively, by the total number of the Forward Purchase Shares and the Forward Purchase Warrants to be purchased by the Transferee,
and the “Number of Forward Purchase Shares,” “Number of Forward Purchase Warrants” and “Aggregate Purchase
Price for Forward Purchase Units” on the Transferor’s signature page to the Forward Purchase Agreement shall hereby be
updated pursuant to the Schedule A hereof.

 

[Signature Page Follows]

 

    

     

    

 

Accordingly,
the Transferee has executed and delivered this Joinder Agreement as of the ____9th________ day of _____August_______, 2022.

 

	TRANSFEREE:	 	
    Address for Notices:

	Baltimore Investments Ltd.	 	Campbells Corporate Services Limited, 
	 	 	Floor 4, Willow House,
	 	 	Cricket Square, Grand Cayman
	 	 	KY-9010, Cayman Islands
	By:	/s/ Lany Djuwita Wong	 	 
	 	Name:Lany Djuwita Wong	 	Email: 
	 	Title:Director	 	lany.wong@consolidatedholdco.com

 

	By:	/s/ Laura Tzu-Jung Lu Hultquist	 	 
	 	Name:Laura Tzu-Jung Lu Hultquist	 	Email: lauraluhultquist@gmail.com
	 	Title:Director	 	 

 

	Number of Forward Purchase Shares:	 	 	1,000,000	 
	Number of Forward Purchase Warrants:	 	 	500,000	 
	Aggregate Purchase Price for Forward Purchase Units:	 	$	10,000,000	 

 

Accepted and agreed to by:

 

	TRANSFEROR:	 
	PT Nugraha Eka Kencana	 
	 	 
	By:	/s/ Devin Wirawan	 
	 	Name:Devin Wirawan	 
	 	Title:  President Director	 

 

	By:	/s/ Lany Djuwita Wong	 
	 	Name:Lany Djuwita Wong	 
	 	Title: Director	 

 

	COMPANY:	 
	PROVIDENT ACQUISITION CORP.	 
	 	 
	By:	/s/ Michael Aw	 
	 	Name:Michael Aw	 
	 	Title: Director	 

 

    

     

    

 

SCHEDULE A

 

The following transfers of
a portion of the original number of Forward Purchase Shares and Forward Purchase Warrants have been made:

 

	Date of Transfer	 	Transferee	 	Number of

 Forward

 Purchase 

Shares

 Transferred	 	 	Number of

 Forward

 Purchase

 Warrants

 Transferred	 	 	Transferor Revised

 Number of Forward

 Purchase Shares	 	 	Transferor Revised

 Number of Forward

 Purchase Warrants	 	 	Transferor Revised

 Aggregate Purchase

 Price for Forward

 Purchase Units	 
	_August 9_, 2022	 	Baltimore Investments Ltd.	 	 	1,000,000	 	 	 	500,000	 	 	 	-	 	 	 	-	 	 	 	-

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