SEC Contract Filing

Filing Date: 2022-03-03

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>5
<FILENAME>tm227870d1_ex10-3.htm
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
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<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.3</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>VOTING AGREEMENT</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This VOTING AGREEMENT (this &ldquo;<B>Agreement</B>&rdquo;)
is made and entered into as of March&nbsp;3, 2022, by and among Perfect Corp., a Cayman Islands exempted company with limited liability
(the &ldquo;<B>Company</B>&rdquo;), Provident Acquisition Corp., a Cayman Islands exempted company with limited liability (&ldquo;<B>PAQC</B>&rdquo;),
and the persons listed on Schedule A hereto (each, a &ldquo;<B>Company Shareholder</B>&rdquo; and collectively, the &ldquo;<B>Company
Shareholders</B>&rdquo;).</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B></FONT>,
capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed thereto in the Agreement and Plan
of Merger (the &ldquo;<B>Business Combination Agreement</B>&rdquo;) entered into as of March&nbsp;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 (&ldquo;<B>Merger
Sub 1</B>&rdquo;), Fashion Corp., a Cayman Islands exempted company with limited liability and a wholly-owned direct Subsidiary of the
Company (&ldquo;<B>Merger Sub 2</B>&rdquo;), and PAQC, pursuant to which, among other things, (a)&nbsp;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 &ldquo;<B>First Merger</B>&rdquo;),
and (b)&nbsp;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 &ldquo;<B>Second Merger</B>&rdquo;
and, together with the First Merger, the &ldquo;<B>Mergers</B>&rdquo;);</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B></FONT>,
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&rsquo;s name on Schedule A hereto (such Pre-Recapitalization Company Shares,
together with any New Securities (as defined below), being collectively referred to herein as the &ldquo;<B>Subject Shares</B>&rdquo;);
and</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>WHEREAS</B></FONT>,
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.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NOW</B></FONT>,
<B>THEREFORE</B>, 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:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">Article&nbsp;1</FONT><FONT STYLE="font-variant: small-caps"><BR>
Representations and Warranties of the Company Shareholders</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Each Company Shareholder hereby represents and
warrants to the Company and PAQC solely as to itself and severally and not jointly as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section&nbsp;1.01&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><I>Corporate
Organization</I>. 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