----

----

|  ̈ | REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|------------------------------------------------------------------------------------------------|

| x | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|--------------------------------------------------------------------------------------|

|  ̈ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|------------------------------------------------------------------------------------------|

|  ̈ | SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|--------|---------------------------------------------------------------------------------------------|

----

----

----

| Title of each class |   | Name of exchange on which registered |
|------------------------------------|--------|---------------------------------------------------------------|
| Ordinary Shares, $0.001 par value  |   | NASDAQ Stock Market                                           |
| Ordinary Shares Purchase Warrants  |   | NASDAQ Stock Market                                           |
| Units                              |   | NASDAQ Stock Market                                           |

|  ̈ Large Accelerated filer |  ̈  Accelerated filer | x Non-accelerated filer |
|--------------------------------|-------------------------------------|-------------------------|

| x  US GAAP |  ̈ | International Financial Reporting Standards as issued by the International Accounting Standards Board |  ̈  Other |
|-----------------|--------|-------------------------------------------------------------------------------------------------------|--------------------|

----

|                |                                                  |                                                     | Page   |
|---------------------|-------------------------------------------------------|----------------------------------------------------------|--------|
|                |                                                  |                                                     |   |
| PART I         |                                                  | 3                                                        |
|                |                                                  |                                                     |
| ITEM 1.        | IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS | 3                                                        |
|                |                                                  |                                                     |
| ITEM 2.        | OFFER STATISTICS AND EXPECTED TIMETABLE               | 3                                                        |
|                |                                                  |                                                     |
| ITEM 3.        | KEY INFORMATION                                       | 3                                                        |
|                |                                                  |                                                     |
|                | A.                                                    | Selected financial data                                  | 3      |
|                |                                                  |                                                     |   |
|                | B.                                                    | Capitalization and Indebtedness                          | 3      |
|                |                                                  |                                                     |   |
|                | C.                                                    | Reasons for the Offer and Use of Proceeds                | 3      |
|                |                                                  |                                                     |   |
|                | D.                                                    | Risk factors                                             | 4      |
|                |                                                  |                                                     |   |
| ITEM 4.        | INFORMATION ON THE COMPANY                            | 4                                                        |
|                |                                                  |                                                     |
|                | A.                                                    | History and Development of the Company                   | 4      |
|                |                                                  |                                                     |   |
|                | B.                                                    | Business Overview                                        | 4      |
|                |                                                  |                                                     |   |
|                | C.                                                    | Organizational Structure                                 | 4      |
|                |                                                  |                                                     |   |
|                | D.                                                    | Property, plant and equipment                            | 4      |
|                |                                                  |                                                     |   |
| ITEM 4A.  | UNRESOLVED STAFF COMMENTS                             | 4                                                        |
|                |                                                  |                                                     |
| ITEM 5.        | OPERATING AND FINANCIAL REVIEW AND PROSPECTS          | 4                                                        |
|                |                                                  |                                                     |
| ITEM 6.        | DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES            | 6                                                        |
|                |                                                  |                                                     |
|                | A.                                                    | Directors and senior management                          | 6      |
|                |                                                  |                                                     |   |
|                | B.                                                    | Compensation                                             | 6      |
|                |                                                  |                                                     |   |
|                | C.                                                    | Board Practices                                          | 6      |
|                |                                                  |                                                     |   |
|                | D.                                                    | Employees                                                | 6      |
|                |                                                  |                                                     |   |
|                | E.                                                    | Share Ownership                                          | 7      |
|                |                                                  |                                                     |   |
| ITEM 7.        | MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS     | 7                                                        |
|                |                                                  |                                                     |
|                | A.                                                    | Major shareholders                                       | 7      |
|                |                                                  |                                                     |   |
|                | B.                                                    | Related Party Transactions                               | 8      |
|                |                                                  |                                                     |   |
|                | C.                                                    | Interests of Experts and Counsel                         | 8      |
|                |                                                  |                                                     |   |
| ITEM 8.        | FINANCIAL INFORMATION                                 | 8                                                        |
|                |                                                  |                                                     |
|                | A.                                                    | Consolidated Statements and Other Financial Information. | 8      |

----

|                 |                                                                         |                                   | Page   |
|----------------------|------------------------------------------------------------------------------|----------------------------------------|--------|
|                 |                                                                         |                                   |   |
|                 | B.                                                                           | Significant Changes                    | 8      |
|                 |                                                                         |                                   |   |
| ITEM 9.         | THE OFFER AND LISTING                                                        | 8                                      |
|                 |                                                                         |                                   |
|                 | A.                                                                           | Offer and Listing Details              | 8      |
|                 |                                                                         |                                   |   |
|                 | B.                                                                           | Plan of Distribution                   | 9      |
|                 |                                                                         |                                   |   |
|                 | C.                                                                           | Markets                                | 9      |
|                 |                                                                         |                                   |   |
|                 | D.                                                                           | Selling Shareholders                   | 9      |
|                 |                                                                         |                                   |   |
|                 | E.                                                                           | Dilution                               | 9      |
|                 |                                                                         |                                   |   |
|                 | F.                                                                           | Expenses of the Issue                  | 9      |
|                 |                                                                         |                                   |   |
| ITEM 10.        | ADDITIONAL INFORMATION                                                       | 9                                      |
|                 |                                                                         |                                   |
|                 | A.                                                                           | Share Capital                          | 9      |
|                 |                                                                         |                                   |   |
|                 | B.                                                                           | Memorandum and Articles of Association | 9      |
|                 |                                                                         |                                   |   |
|                 | C.                                                                           | Material Contracts                     | 9      |
|                 |                                                                         |                                   |   |
|                 | D.                                                                           | Exchange controls                      | 9      |
|                 |                                                                         |                                   |   |
|                 | E.                                                                           | Taxation                               | 9      |
|                 |                                                                         |                                   |   |
|                 | F.                                                                           | Dividends and paying agents            | 10     |
|                 |                                                                         |                                   |   |
|                 | G.                                                                           | Statement by experts                   | 10     |
|                 |                                                                         |                                   |   |
|                 | H.                                                                           | Documents on display                   | 10     |
|                 |                                                                         |                                   |   |
|                 | I.                                                                           | Subsidiary Information                 | 10     |
|                 |                                                                         |                                   |   |
| ITEM 11.        | QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK                    | 10                                     |
|                 |                                                                         |                                   |
| ITEM 12.        | DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES                       | 10                                     |
|                 |                                                                         |                                   |
| PART II         |                                                                         |                                   | 11     |
|                 |                                                                         |                                   |   |
| ITEM 13.        | DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES                              | 11                                     |
|                 |                                                                         |                                   |
| ITEM 14.        | MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS | 11                                     |
|                 |                                                                         |                                   |
|                 | A.                                                                           | Use of Proceeds                        | 11     |
|                 |                                                                         |                                   |   |
| ITEM 15.        | CONTROLS AND PROCEDURES                                                      | 11                                     |
|                 |                                                                         |                                   |
| ITEM 16.        | [RESERVED]                                                                   | 12                                     |
|                 |                                                                         |                                   |
| ITEM 16A.  | AUDIT COMMITTEE FINANCIAL EXPERT.                                            | 12                                     |

----

|                 |                                                                    |   | Page   |
|----------------------|-------------------------------------------------------------------------|--------|--------|
|                 |                                                                    |   |   |
| ITEM 16B.       | CODE OF ETHICS.                                                         | 12     |
|                 |                                                                    |   |
| ITEM 16C.       | PRINCIPAL ACCOUNTANT FEES AND SERVICES.                                 | 12     |
|                 |                                                                    |   |
| ITEM 16D.       | EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES.             | 13     |
|                 |                                                                    |   |
| ITEM 16E.       | PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS. | 13     |
|                 |                                                                    |   |
| ITEM 16F.       | CHANGES IN REGISTRANT’S CERTIFYING ACCOUNTANT.                    | 13     |
|                 |                                                                    |   |
| ITEM 16G.  | CORPORATE GOVERNANCE                                                    | 13     |
|                 |                                                                    |   |
| PART III        |                                                                    | 14     |
|                 |                                                                    |   |
| ITEM 17.        | FINANCIAL STATEMENTS                                                    | 14     |
|                 |                                                                    |   |
| ITEM 18.        | FINANCIAL STATEMENTS                                                    | 14     |
|                 |                                                                    |   |
| ITEM 19.        | EXHIBITS                                                                | 14     |

----

|   | · | “Prime,” “we,” “us,” “our company,” or “our,” refers to Prime Acquisition Corp., a company with limited liability incorporated in the Cayman Islands; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | “China” and “PRC” refer to the People’s Republic of China, excluding Taiwan, Hong Kong and Macau solely for the purpose of this report; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | “shares” or “ordinary shares” refers to our ordinary shares, par value $0.001 per share; and |
|--------|--------|----------------------------------------------------------------------------------------------------------------------|

|   | · | all discrepancies in any table between the amounts identified as total amounts and the sum of the amounts listed therein are due to rounding. |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | · | ability to complete a combination with one or more target businesses; |
|--------|--------|-----------------------------------------------------------------------|

|   | · | success in retaining or recruiting, or changes required in, our officers or directors following our initial business combination; |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------|

|   | · | officers and directors allocating their time to other businesses and conflicts of interest that might arise with our officers and directors with respect to the allocation of business opportunities and the consummation of any business combination; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | expectations regarding the involvement of our management following our initial business combination; |
|--------|--------|------------------------------------------------------------------------------------------------------|

|   | · | delisting of our securities from the NASDAQ Capital Market or the ability to have our securities listed on the NASDAQ Capital Market following our initial acquisition transaction; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | estimates regarding the operating expenses of our business before the consummation of our initial business combination and the beliefs that upon completion of the private placement of the placement warrants and this offering, we will have sufficient funds to operate for the next 18 months, or 24 months pursuant to the automatic period extension, assuming that our initial business combination is not consummated during that time; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | potential inability to obtain additional financing to consummate our initial business combination; |
|--------|--------|----------------------------------------------------------------------------------------------------|

|   | · | limited pool of prospective target businesses; |
|--------|--------|------------------------------------------------|

|   | · | ability and the ability of our officers and directors to generate a number of potential investment opportunities; |
|--------|--------|-------------------------------------------------------------------------------------------------------------------|

|   | · | potential change in control if we acquire one or more target businesses for equity securities; |
|--------|--------|------------------------------------------------------------------------------------------------|

|   | · | public securities’ limited liquidity and trading; |
|--------|--------|---------------------------------------------------------|

|   | · | use of proceeds not in the trust account; or |
|--------|--------|----------------------------------------------|

|   | · | financial performance following this offering. |
|--------|--------|------------------------------------------------|

----

| A. | Selected financial data |
|----|-------------------------|

| Balance Sheet Data                                               |   | As of December31, 2010 |     |
|----------------------------------------------------------------------------|--------|---------------------------------------|----------|
| Working capital (deficiency)                                               |   | $                                     | (329,935 | ) |
| Total assets                                                               |   |                                  | 379,284  |   |
| Total liabilities                                                          |   |                                  | 410,336  |   |
| Value of ordinary shares which may be redeemed for cash ($10.02 per share) |   |                                  | -        |   |
| Shareholders’ equity (deficit)                                       |   |                                  | (31,052  | ) |

| Selected statement of operation data: |   | For the periodFebruary 4, 2010(Inception) toDecember 31,2010 |      |
|-----------------------------------------------------------|--------|--------------------------------------------------------------------------------------------|-----------|
| Operating expenses                                        |   | $                                                                                          | (61,673   | ) |
| Formation costs                                           |   |                                                                                       | (5,317    | ) |
| Total operating expenses                                  |   |                                                                                       | (66,990   | ) |
| Net loss                                                  |   |                                                                                       | (66,990   | ) |
| Weighted average shares outstanding                       |   |                                                                                       | 1,425,686 |   |
| Basic and diluted net loss per share                      |   |                                                                                       | (0.05     | ) |

| B. | Capitalization and Indebtedness |
|----|---------------------------------|

| C. | Reasons for the Offer and Use of Proceeds |
|----|-------------------------------------------|

----

| D. | Risk factors |
|----|--------------|

| A. | History and Development of the Company |
|----|----------------------------------------|

| B. | Business Overview |
|----|-------------------|

| C. | Organizational Structure |
|----|--------------------------|

| D. | Property, plant and equipment |
|----|-------------------------------|

----

----

| A. | Directors and senior management |
|----|---------------------------------|

| B. | Compensation |
|----|--------------|

| C. | Board Practices |
|----|-----------------|

| D. | Employees |
|----|-----------|

----

| E. | Share Ownership |
|----|-----------------|

| A. | Major shareholders |
|----|--------------------|

|   | · | each person known to us to own beneficially more than 5% of our ordinary shares; |
|--------|--------|----------------------------------------------------------------------------------|

|   | · | each of our directors and executive officers; and |
|--------|--------|---------------------------------------------------|

|   | · | all of our directors and executive officers as a group. |
|--------|--------|---------------------------------------------------------|

| Name and Address(1)                                   |   | Number of SharesBeneficially Owned |      |   | Percentage ofOwnership(2) |   |
|-----------------------------------------------------------------|--------|---------------------------------------------------|-----------|--------|--------------------------------|--------|
| Yong Hui Li                                                     |   |                                              | 310,502   |   |                           |   | 6.3 | % |
| Diana Chia-Huei Liu                                             |   |                                              | 695,523   | (3)    |                           |   | 14.2 | % |
| William Tsu-Cheng Yu                                            |   |                                              | 695,523   | (3)    |                           |   | 14.2 | % |
| Hui-Kai Yan                                                     |   |                                              | —   |   |                           |   | — |   |
| Gary Chang                                                      |   |                                              | 124,201   | (4)    |                           |   | 2.54 | % |
| Jason Wang                                                      |   |                                              | —   |   |                           |   | — |   |
| Dane Chauvel                                                    |   |                                              | —   |   |                           |   | — |   |
| All directors and executive officers as a group (5 individuals) |   |                                              | 1,130,226 |   |                           |   | 25.4 | % |
| The Shodan Company                                              |   |                                              | 695,523   | (3)    |                           |   | 14.2 | % |
| Polar Securities Inc.                                           |   |                                              | 350,000   | (5)    |                           |   | 7.1 | % |
| Fir Tree Value Master Fund, L.P.                                |   |                                              | 360,000   | (6)    |                           |   | 7.3 | % |
| AQR Capital Management, LLC                                     |   |                                              | 512,908   | (7)    |                           |   | 10.5 | % |

| (1) | Unless otherwise noted, the business address for each of our beneficial owners is c/o Kaiyuan Real Estate Development; No. 322, Zhongshan East Road; Shijiazhuang; Hebei Province; 050011; China. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Based on 4,894,983 ordinary shares outstanding as of July 1, 2011. Does not include ordinary shares underlying our warrants which will not become exercisable within the next 60 days, and ordinary shares underlying the underwriters’ unit purchase option which will not become exercisable within the next 60 days. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Consists of (i) 372,603 ordinary shares held by Diana Liu, (ii) 161,460 ordinary shares held by William Yu, and (iii) 161,460 ordinary shares held by The Shodan Company. The Shodan Company is equally owned by William Yu, Conrad Yu and Byron Yu. William Yu is the general partner of The Shodan Company. Diana Liu and William Yu are married, and Conrad Yu and Byron Yu are the sons of Diana Liu and William Yu. The business address of the Shodan Company is Ste. 331, 4957 Lakemont Blvd. SE C-4; Bellevue, WA 98006. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | Consists of 124,201 ordinary shares held by Puway Limited; P.O. Box 957, Offshore Incorporations Center, Road Town, Tortola, British Virgin Islands. Gary Chang and Alice Chang, Gary Chang’s wife, are the sole owners and directors of Puway Limited and, as such, are the beneficial owners of the securities owned by Puway Limited. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (5) | Based on a Schedule 13G filed on April 1, 2011 by Polar Securities Inc. and North Pole Capital Master Fund.  The address of the business office of each of the foregoing reporting persons is 372 Bay Street, 21st floor, Toronto, Ontario M5H 2W9, Canada. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (6) | Based on a Schedule 13G filed on April 4, 2011 by Fir Tree, Inc. and Fir Tree Value Master Fund, L.P. Fir Tree, Inc. is the investment manager of Fir Tree Value Master Fund, L.P., and has been granted investment discretion over portfolio investments, including the ordinary shares, held by Fir Tree Value Master Fund, L. P. The address of the business office of Fir Tree, Inc. is 505 Fifth Avenue, 23rd Floor, New York, New York 10017. The address of the business office of Fir Tree Value Master Fund, L.P. is c/o Citco Fund Services (Cayman Islands) Limited, 89 Nexus Way, Camana Bay, Box 31106, Grand Cayman KY1-1205, Cayman Islands10017. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (7) | Based on a Schedule 13G filed on April 4, 2011 by AQR Capital Management, LLC.  AQR Capital Management, LLC serves as the investment manager to the AQR Diversified Arbitrage Fund, an open-end registered investment company, which holds 8.79% of the total listed above.  The address of the business office of each of the foregoing reporting persons is Two Greenwich Plaza, 3rd floor, Greenwich, CT 06830. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| B. | Related Party Transactions |
|----|----------------------------|

| C. | Interests of Experts and Counsel |
|----|----------------------------------|

| A. | Consolidated Statements and Other Financial Information. |
|----|----------------------------------------------------------|

| B. | Significant Changes |
|----|---------------------|

| A. | Offer and Listing Details |
|----|---------------------------|

----

|                            |   | Units  |   |   | Shares |   |   | Warrants |   |
|---------------------------------|--------|--------|--------|--------|--------|--------|--------|----------|--------|
|                            |   | High   |   |   | Low    |   |   | High     |   |   | Low |   |   | High |   |   | Low |   |
| Fiscal Quarterly Highs and Lows |   |   |   |   |   |   |   |     |   |   |   |   |   |   |   |   |   |   |
| 2011                            |   |   |   |   |   |   |   |     |   |   |   |   |   |   |   |   |   |   |
| First Quarter (from March 24)   |   | $      | 10.10  |   |   | $      | 9.99   |     |   |   | N/A |   |   |   | N/A |   |   |   | N/A |   |   |   | N/A |   |
| Second Quarter                  |   |   | 10.10  |   |   |   | 9.85   |     |   | $ | 9.90 |   |   | $ | 9.44 |   |   | $ | 1.00 |   |   | $ | 0.36 |   |
|                            |   |   |   |   |   |   |   |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Monthly Highs and Lows          |   |   |   |   |   |   |   |     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| March 2011 (from March 24)      |   | $      | 10.10  |   |   | $      | 9.99   |     |   |   | N/A |   |   |   | N/A |   |   |   | N/A |   |   |   | N/A |   |
| April 2011                      |   |   | 10.10  |   |   |   | 10.00  |     |   |   | N/A |   |   |   | N/A |   |   |   | N/A |   |   |   | N/A |   |
| May 2011                        |   |   | 10.10  |   |   |   | 9.85   |     |   | $ | 9.90 |   |   | $ | 9.55 |   |   | $ | 1.00 |   |   | $ | 0.36 |   |
| June 2011                       |   |   | 10.10  |   |   |   | 9.94   |     |   |   | 9.50 |   |   |   | 9.44 |   |   |   | 0.99 |   |   |   | 0.50 |   |

| B. | Plan of Distribution |
|----|----------------------|

| C. | Markets |
|----|---------|

| D. | Selling Shareholders |
|----|----------------------|

| E. | Dilution |
|----|----------|

| F. | Expenses of the Issue |
|----|-----------------------|

| A. | Share Capital |
|----|---------------|

| B. | Memorandum and Articles of Association |
|----|----------------------------------------|

| C. | Material Contracts |
|----|--------------------|

| D. | Exchange controls |
|----|-------------------|

| E. | Taxation |
|----|----------|

----

| F. | Dividends and paying agents |
|----|-----------------------------|

| G. | Statement by experts |
|----|----------------------|

| H. | Documents on display |
|----|----------------------|

| I. | Subsidiary Information |
|----|------------------------|

----

| A. | Use of Proceeds |
|----|-----------------|

----

|               |   | 2010   |   |
|--------------------|--------|--------|--------|
|               |   |   |   |
| Audit fees         |   | $      | 45,000 |   |
| Audit related fees |   |   | 10,000 |   |
| Tax fees           |   |   | -      |   |
| All Other Fees     |   |   | -      |   |
| Total fees         |   | $      | 55,000 |   |

----

----

| Exhibit No. |   | Description                                                                                                               |
|------------------|--------|---------------------------------------------------------------------------------------------------------------------------|
| 1.1              |   | Amended and Restated Articles of Association*                                                                             |
| 2.1              |   | Specimen Unit Certificate*                                                                                                |
| 2.2              |   | Specimen Ordinary Share Certificate*                                                                                      |
| 2.3              |   | Specimen Public Redeemable Warrant Certificate*                                                                           |
| 2.4              |   | Specimen Founder Warrant Certificate*                                                                                     |
| 2.5              |   | Specimen Placement Warrant Certificate*                                                                                   |
| 2.6              |   | Form of Warrant Agreement*                                                                                                |
| 2.7              |   | Form of Unit Purchase Option*                                                                                             |
| 4.1              |   | Form of Underwriting Agreement*                                                                                           |
| 4.2              |   | Form of Letter Agreement by and among the Registrant, Chardan Capital Markets, LLC and the founders*                      |
| 4.3              |   | Promissory Note dated March 25, 2010 by the Registrant to Diana Chia-Huei Liu*                                            |
| 4.4              |   | Promissory Note dated March 25, 2010 by the Registrant to William Tsu-Cheng Yu*                                           |
| 4.5              |   | Promissory Note dated November 10, 2010 by the Registrant to Diana Chia-Huei Liu*                                         |
| 4.6              |   | Promissory Note dated November 10, 2010 by the Registrant to William Tsu-Cheng Yu*                                        |
| 4.7              |   | Form of Investment Management Trust Agreement between American Stock Transfer & Trust Company and the Registrant*     |
| 4.8              |   | Form of Securities Escrow Agreement between the Registrant, American Stock Transfer & Trust Company and the Founders* |
| 4.9              |   | Form of Services Agreement between the Registrant and Kaiyuan Real Estate Development*                                    |
| 4.10             |   | Form of Registration Rights Agreement among the Registrant and the Founders*                                              |
| 4.11             |   | Form of Placement Warrant Purchase Agreement between the Registrant and Prime Acquisition Corp. Limited*                  |
| 4.12             |   | Promissory Note, dated as of February 10, 2010, issued to Diana Liu*                                                      |
| 4.13             |   | Promissory Note, dated as of February 10, 2010, issued to William Yu*                                                     |
| 4.14             |   | Stock Option Agreement, dated as of February 25, 2010, between the Registrant and Amy Lau*                                |
| 4.15             |   | Stock Option Agreement, dated as of February 25, 2010, between the Registrant and Carolyne Yu*                            |
| 4.16             |   | Stock Option Agreement, dated as of February 25, 2010, between the Registrant and Dane Chauvel*                           |
| 4.17             |   | Stock Option Agreement, dated as of February 25, 2010, between the Registrant and Dave Sagar*                             |
| 4.18             |   | Stock Option Agreement, dated as of February 25, 2010, between the Registrant and Elizabeth Pulchny*                      |
| 4.19             |   | Stock Option Agreement, dated as of February 25, 2010, between the Registrant and John Chase*                             |
| 4.20             |   | Stock Option Agreement, dated as of February 25, 2010, between the Registrant and Lance Wei*                              |
| 4.21             |   | Stock Option Agreement, dated as of February 25, 2010, between the Registrant and Rebecca Poon*                           |
| 4.22             |   | Stock Option Agreement, dated as of December 3, 2010, between the Registrant and Dane Chauvel*                            |
| 4.23             |   | Stock Option Agreement, dated as of December 3, 2010, between the Registrant and Jason Wang*                              |
| 4.24             |   | Stock Option Agreement, dated as of December 3, 2010, between the Registrant and HuiKai Yan*                              |
| 4.25             |   | Amendment dated as of February 3, 2011 to that certain Promissory Note dated February 10, 2010 issued to Diana Liu*       |
| 4.26             |   | Amendment dated as of February 3, 2011 to that certain Promissory Note dated February 10, 2010 issued to William Yu*      |

----

| 4.27 |   | Amendment dated as of February 3, 2011 to that certain Promissory Note dated as of March 25, 2010 issued to Diana Liu*                                                     |
|------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4.28 |   | Amendment dated as of February 3, 2011 to that certain Promissory Note dated as of March 25, 2010 issued to William Yu*                                                    |
| 11.1 |   | Code of Ethics*                                                                                                                                                            |
| 12.1 |   | Certification of the Chief Executive Officer (Principal Financial Officer) pursuant to Rule 13a-14(a) of the Securities Exchange Act, as amended.                          |
| 12.2 |   | Certification of the Chief Financial Officer (Principal Financial Officer) pursuant to Rule 13a-14(a) of the Securities Exchange Act, as amended                           |
| 13.1 |   | Certification of the Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
| 15.1 |   | Prospectus filed on March 28, 2011, pursuant to Rule 424 in connection with the Registrant’s initial public offering.                                                |
| 15.2 |   | Financial Statements filed on April 5, 2011 as an exhibit to a Form 6-K.                                                                                                   |

| * | Incorporated by reference to the registration statement on Form F-1 of the registrant (File No. 333-171777). |
|---|--------------------------------------------------------------------------------------------------------------|

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|          | Prime Acquisition Corp. |
|---------------|-------------------------|
|          |                    |   |
| July 12, 2011 | By:                     | /s/ Diana Chia-Huei Liu |
|          | Name:                   | Diana Chia-Huei Liu |
|          | Title:                  | Chief Executive Officer |

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