Document:

Exhibit 10.10

 

PRIME NUMBER ACQUISITION I CORP.

1129 Northern Blvd., Suite 404

Manhasset, NY 11030

 

[           ], 2022

 

Prime Number Acquisition LLC

14 Myrtle Drive

Great Neck, New York 11021

 

	 	Re:	Services Agreement

 

Ladies and Gentlemen:

 

This letter agreement by and
between Prime Number Acquisition I Corp. (the “Company”) and Prime Number Acquisition LLC (the “Provider”),
dated as of the date of this letter agreement, will confirm our agreement that, commencing on the date the Registration Statement on Form S-1
and prospectus filed with the U.S. Securities and Exchange Commission (File No. 333-[XX]) (the “Registration Statement”)
is declared effective (the “Effective Date”) and continuing until the earlier of (a) the consummation by the Company
of an initial business combination or (b) the 12-month anniversary of the date the public offering of Company’s 6,000,000 units
registered under the Registration Statement is completed (such earlier date hereinafter referred to as the “Termination Date”).

 

(i) The Provider shall
make available, or cause to be made available, to the Company, such administrative and other services as may be reasonably requested by
the Company. In exchange therefor, the Company shall pay to the Provider the sum of $10,000 per month on the Effective Date and continuing
monthly thereafter until the Termination Date; and

 

(ii) The Provider hereby
irrevocably waives any and all right, title, interest, causes of action and claims of any kind as a result of, or arising out of, this
letter agreement (each, a “Claim”) in or to, and any and all right to seek payment of any amounts due to it out of,
the trust account established for the benefit of the public stockholders of the Company and into which substantially all of the proceeds
of the Company’s initial public offering will be deposited (the “Trust Account”), and hereby irrevocably waives
any Claim it may have in the future, which Claim would reduce, encumber or otherwise adversely affect the Trust Account or any monies
or other assets in the Trust Account, and further agrees not to seek recourse, reimbursement, payment or satisfaction of any Claim against
the Trust Account or any monies or other assets in the Trust Account for any reason whatsoever.

 

This letter agreement constitutes
the entire agreement and understanding of the parties hereto in respect of its subject matter and supersedes all prior understandings,
agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter
hereof or the transactions contemplated hereby.

 

This letter agreement may
not be amended, modified or waived as to any particular provision, except by a written instrument executed by the parties hereto.

 

No party hereto may assign
either this letter agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the other
party. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer or assign
any interest or title to the purported assignee.

 

Any litigation between the
parties (whether grounded in contract, tort, statute, law or equity) shall be governed by, construed in accordance with, and interpreted
pursuant to the laws of the State of New York that apply to contracts made and performed entirely within such State.

 

[Signature Page Follows]

 

     

     

    

 

	 	Very truly yours,
	 	 
	 	PRIME NUMBER ACQUISITION I CORP.
	 	 
	 	By:	
	 	 	Name: 	David Friedman
	 	 	Title: 	Chief Financial Officer

 

 

	Agreed:	 
	 	 
	PRIME NUMBER ACQUISITION LLC	 
	 	 
	By:		 
	 	Name: 	Dongfeng Wang	 
	 	Title:	Managing Member	 

 

[Signature Page to Services Agreement-Prime
Number Acquisition I Corp.]Exhibit 10.11

 

SECURITIES TRANSFER AGREEMENT

 

This Securities Transfer
Agreement is dated as of [ ], 2022 (this “Agreement”), by and among Prime Number Acquisition LLC, a Delaware limited
liability company (the “Seller”), and the parties identified on the signature page hereto (each a “Buyer”
and collectively, the “Buyers”).

 

WHEREAS, the Seller is one
of the sponsors of Prime Number Acquisition I Corp., a Delaware corporation (the “Company”), a newly-organized blank
check company, or special purpose acquisition company, formed for the purpose of effecting a merger, stock exchange, asset acquisition,
stock purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities (a “Business
Combination”);

 

WHEREAS, the Company is contemplating
its initial public offering of 6,000,000 units, each consisting one share of Class A common stock, $0.0001 par value, and one-half
of one warrant (the “IPO”);

 

WHEREAS, the Company has
granted the underwriters in the IPO an option (the “Over-allotment Option”) to purchase up to additional 900,000 units
within forty-five (45) days of the closing of the IPO;

 

WHEREAS, in connection with
the IPO, the Seller acquired 1,628,400 shares of Class A common stock of the Company, $0.0001 par value, among which, up to 212,400
shares are subject to forfeiture if the Over-allotment Option is not exercised (each, a “Founder Share”, collectively,
the “Founder Shares”) at the aggregate purchase price of $23,600, or approximately $0.0145 per share (the “Purchase
Price”);

 

WHEREAS, each of the Buyers
is an officer or director/director nominee or a personnel (and/or its designee) of the Company;

 

WHEREAS, on the terms and
subject to the conditions set forth in this Agreement, the Seller wishes to transfer to the Buyers and the Buyers wish to acquire from
the Seller, the aggregated amount of 138,500 Founder Shares at the Purchase Price immediately prior to or upon the effectiveness of the
registration statement in Form S-1 (File No. 333-[ ], the “Registration Statement”) in connection with the
IPO.

 

NOW, THEREFORE, in consideration
of the premises, representations, warranties and the mutual covenants contained in this Agreement, and for other good and valuable consideration,
the receipt, sufficiency and adequacy of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree
as follows:

 

Section 1.           Transfer
of Shares. Seller hereby agrees to transfer the aggregated amount of 138,500 Founder Shares to the Buyers immediately prior to or
upon the effectiveness of Registration Statement (the “Transfer”) as listed on the Schedule I attached hereto;
and the Buyers agree to pay the Seller an aggregate amount of $2,007.246 at the Transfer, in consideration of the transfer of the Founder
Shares.

 

     

     

    

 

Section 2.            Potential
Forfeiture of Shares.

 

(a)            In
the event that the Company determines for any reason not to nominate, elect or appoint any Buyer as a member of the board of directors
of the Company, or if any Buyer otherwise does not become a member of the board of directors of the Company for any reason, on or prior
to the closing of the Public Offering (as defined below), or if the Public Offering is not consummated on or prior to [], 2022, such
Buyer shall automatically forfeit all of the Shares held by such Buyer, which Shares shall automatically be assigned and returned to
the Seller, and the Seller shall promptly return the applicable portion of the Purchase Price to such Buyer.

 

(b)            In
the event that, following the closing of the Public Offering and prior to the consummation of a Business Combination, any Buyer resigns
or otherwise ceases to serve as a member of the board of the directors for any reason, Seller (or its designee(s)) shall have the right,
but not the obligation, to purchase from the Buyer fifty percent (50%) of the Shares purchased by such Buyer hereunder, for a purchase
price equal to the per-share purchase price paid by such Buyer for such Shares hereunder. Such right shall be exercisable by Seller at
any time prior to the consummation of a Business Combination by providing written notice of such exercise to the applicable Buyer.

 

(c)            The
applicable Buyer shall take all actions as may be reasonably necessary to consummate any forfeiture or sale contemplated by this Section 2,
including entering into agreements and delivering certificates and instruments and consents as may be deemed by Seller to be necessary
or appropriate, and the applicable Buyer hereby grants to Seller and any representative designated by Seller without further action by
such Buyer a limited irrevocable power of attorney to effect any forfeiture or transfer contemplated hereby on behalf of such Buyer,
which power of attorney shall be deemed to be coupled with an interest.

 

Section 3.           No
Conflicts. Each party represents and warrants that neither the execution and delivery of this Agreement by such party, nor the consummation
or performance by such party of any of the transactions contemplated hereby, will with or without notice or lapse of time, constitute,
create or result in a breach or violation of, default under, loss of benefit or right under or acceleration of performance of any obligation
required under any agreement to which it is a party.

 

Section 4.           Investment
Representations. Each Buyer represents and warrants, with respect to himself or herself only, as set forth herein. Such Buyer hereby
acknowledges that an investment in the Shares involves certain significant risks. Such Buyer has no need for liquidity in its investment
in the Shares for the foreseeable future and is able to bear the risk of that investment for an indefinite period. Such Buyer acknowledges
and hereby agrees that the Shares will not be transferable under any circumstances unless registered by the Company in accordance with
federal and state securities laws or sold in compliance with an exemption under such laws and such transfer complies with all applicable
lock-up restrictions on such Buyer (as described in the Company’s draft registration statement on Form S-1, as may be amended
(the “Registration Statement”), under the Securities Act of 1933, as amended (the “Act”), relating
to a contemplated underwritten public offering by the Company (the “Public Offering”)). Such Buyer further understands
and agrees that Buyer will be required to execute and deliver (a) a letter agreement including, among other provisions, the foregoing
transfer restrictions, and (b) a stock escrow agreement with respect to such shares, in each case as described in the Registration
Statement, and that any certificates evidencing the Shares bear a legend referring to such transfer restrictions.

 

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The Shares are being acquired
solely for such Buyer’s own account, for investment purposes only, and are not being purchased with a view to or for the resale,
distribution, subdivision or fractionalization thereof; and such Buyer has no present plans to enter into any contract, undertaking,
agreement or arrangement for such resale, distribution, subdivision or fractionalization. Such Buyer has been given the opportunity to
(i) ask questions of and receive answers from the Seller and the Company concerning the terms and conditions of the Shares, and
the business and financial condition of the Company and (ii) obtain any additional information that the Seller possesses or can
acquire without unreasonable effort or expense that is necessary to assist such Buyer in evaluating the advisability of the purchase
of the Shares and an investment in the Company. Such Buyer is not relying on any oral representation made by any person as to the Company
or its operations, financial condition or prospects. Such Buyer is an “accredited investor” as defined in Regulation D promulgated
by the Securities and Exchange Commission under the Act. In the event such Buyer does not join the Board of Directors of the Company
upon the consummation of the Public Offering (whether and either at the election of the Company or such Buyer for any reason), then the
Buyer shall promptly return the Shares to the Company.

 

Section 5.          Miscellaneous.
This Agreement, together with the certificates, documents, instruments and writings that are delivered pursuant hereto, constitutes the
entire agreement and understanding of the parties hereto in respect of its subject matter. This Agreement may be executed in two or more
counterparts, each of which will be deemed an original but all of which together will constitute one and the same instrument. This Agreement
may not be amended, modified or waived as to any particular provision, except by a written instrument executed by all parties hereto.
Except as otherwise provided herein, no party hereto may assign either this Agreement or any of its rights, interests, or obligations
hereunder without the prior written approval of the other party.

 

[Signature Page Follows]

 

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IN WITNESS WHEREOF, the undersigned have executed
this Agreement to be effective as of the date first set forth above.

 

	 	Prime Number Acquisition LLC

     

	 	 
	 	By:	
	 	Name: Dongfeng Wang
	 	Title:   Manager
	 	 
	 	BUYERS:
	 	 
	 	
	 	Dongfeng Wang
	 	 

     

	 	
	 	David Friedman
	 	 

     

	 	
	 	Qinyu Wang
	 	 

     

	 	
	 	David Sherman
	 	 

     

	 	 

    

	 	Chris Dunn
	 	 

     

	 	
	 	Sarah Gu
	 	 

     

	 	
	 	Kris Yang

 

[Signature Page to Securities Transfer
Agreement]

 

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Schedule I

 

	Name
    of Transferee	 	Number
    of Assigned 
 Shares	 	 	Purchase
    Price	 
	Dongfeng Wang	 	 	45,000	 	 	$	652.174	 
	David Friedman	 	 	30,000	 	 	$	434.783	 
	Qinyu Wang	 	 	15,000	 	 	$	217.391	 
	David Sherman	 	 	15,000	 	 	$	217.391	 
	Chris Dunn	 	 	15,000	 	 	$	217.391	 
	Sarah Gu	 	 	15,000	 	 	$	217.391	 
	Kris Yang	 	 	3,500	 	 	$	50.725	 
	Total:	 	 	Total:	138,500	 	 	$	2,007.246	 

 

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