Document:

Exhibit 4.105

 

STOCK OPTION AGREEMENT

 

This STOCK OPTION AGREEMENT
(the “Agreement”) is made as of May 10th, 2015 (the “Execution Date”),
by and between Prime Acquisition Corp., a Cayman Islands exempted company (the “Company”), and Amy Lau,
(the “Optionee”).

 

W I T N E S S E T H:

 

In consideration of the
premises and mutual covenants contained herein and for other good and valuable consideration, the receipt, validity and sufficiency
of which is hereby acknowledged, the parties agree as follows:

 

1.Grant of Option.
Subject to the terms and conditions of this Agreement, the Company confirms that it granted to the Optionee the right (the “Option”)
to purchase all or any part of an aggregate of 18,000 (eighteen thousand) ordinary shares of the Company, par value $0.001 per
share (“Common Stock”).

 

2.Vesting Schedule.
This Option shall vest based on activities and/or services performed, as set out in Addendum A.

 

3.Exercise Price.
The price of each share of Common Stock purchased pursuant to this Option shall be U.S. $2.60. The exercise price shall be adjusted,
for a period of twelve months after the date of the grant, to that of a future round of financing if the price is below $2.60.

 

4.Exercise of
Option. The Optionee may exercise the Option, in whole or in part, with respect to any whole number of vested shares of Common
Stock subject to the Option. The Optionee shall exercise the Option by giving the Company written notice, in a form prescribed
by the Company. Such notice shall specify the number of shares of Common Stock to be purchased and shall be accompanied by payment,
in U.S. dollars, in cash, by wire transfer of immediately available funds, or by certified check or by official bank check, of
an amount equal to the Option exercise price per share of Common Stock, multiplied by the number of shares of Common Stock as to
which the Option is being exercised; provided, however, that (i) [this Option may be exercised on a cashless basis, in whole or
in part, in accordance with the Cashless Exercise Formula (as defined below), and (ii) the purchase price may be paid by the delivery
of funds equal to the purchase price by a broker, in accordance with Regulation T promulgated by the Board of Governors of the
Federal Reserve System or as otherwise may be permissible by law. The board of directors of the Company (the “Board”)
may impose from time to time such limitations as it deems appropriate on the exercise of the Option.

 

For purposes of this Agreement, the term “Cashless
Exercise Formula” means:

 

N’= (N x (P - E)) / P

 

where:

 

N’ = the adjusted
number of shares of Common Stock issuable upon cashless exercise of the Option.

 

N =the current number
of shares of Common Stock issuable upon exercise of the Option.

 

E =the Exercise Price on the date of cashless exercise of
the Option.

 

 

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P =the average reported
last sales price of the Common Stock for the last 10 trading days ending on the third business day prior to the date on which notice
of cashless exercise is given.

 

5.Delivery of
Common Stock Certificate. Subject to Section 6, as soon as practicable after receipt of the notice and payment referred to
in Section 4 above, the Company shall deliver to the Optionee (or, in the case of a broker financed exercise described in Section
4, to the broker) a certificate or certificates for such shares of Common Stock purchased pursuant to the Option; provided, however,
that the time of such delivery may be postponed by the Company for such period of time as the Company may require for compliance
with any law, rule or regulation applicable to the issuance or transfer of shares of Common Stock.

 

6.Payment of Taxes.
Prior to or concurrently with delivery by the Company to the Optionee of a certificate or certificate(s) representing such shares
of Common Stock, the Optionee shall, if required by the IRS, upon notification of the amount due, promptly pay or cause to be paid,
in cash, any amount necessary to satisfy any tax requirements (or otherwise satisfy such requirements in a manner satisfactory
to the Company).

 

7.Termination
of Option. This Option and all rights of the Optionee to purchase shares of Common Stock hereunder shall terminate on May 9th,
2020 (the “Expiration Date”) unless terminated earlier in accordance with the terms hereof.

 

8.Notice.
All notices, request, demands, waivers and communications required or permitted to be given hereunder shall be in writing and shall
be delivered in person or mailed, certified or registered mail with postage prepaid, or sent by facsimile, as follows:

 

To Company:

 

Prime Acquisition Corp.

No. 322, Zhongshan East Road,

Shijiazhuang, Hebei Province, 050011

People’s Republic of China

Attn: Chief Executive Officer

 

To Optionee:

Amy Lau,

109 Cordova Street, San Francisco, CA 94112

 

or to such other address or to the attention of such other person
as the recipient party shall have specified by prior written notice to the sending party. In the case of mailing, all such notices,
requests, demands, waivers and communications shall be deemed to have been received on the third business day after the date of
the mailing. In the case of facsimile after 5:00 P.M. local time at the place of delivery or on a day that is not a business day,
all such notices, requests, demands, waivers and communications shall be deemed to have been received on the next business day.

 

9.Certain Adjustments.

 

(a)In
the event that the Company or the division, subsidiary or other affiliated entity for which the Optionee performs services
is sold (including a stock or an asset sale), spun off, merged, consolidated, reorganized or liquidated, the Board may
determine that (i) the Option shall be assumed, or a substantially equivalent Option shall be substituted, by an acquiring
or succeeding entity (or an affiliate thereof) on such terms as the Board determines to be appropriate; (ii) upon written
notice to the Optionee, provide that the Option shall terminate immediately prior to the consummation of the transaction
unless exercised by the Optionee within a specified period following the date of the notice (such period of time to be no
less than 20 days); (iii) in the event of a sale or similar transaction under the terms of which holders of Common Stock
receive a payment for each share of Common Stock surrendered in the transaction (the “Sales
Price”), make or provide for a payment to each Optionee equal to the amount by which (A) the Sales Price times
the number of shares of Common Stock subject to the Option (to the extent such Option is then exercisable) exceeds (B) the
aggregate exercise price for all such shares of Common Stock; or (iv) may make such other equitable adjustments as the Board
deems appropriate.

 

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(b)In the event
of any stock dividend or split, recapitalization, combination, exchange or similar change affecting the Common Stock, the Board
shall make any or all of the following adjustments as it deems appropriate to equitably reflect such event: (i) adjust the option
price to be paid for any or all shares subject to this Agreement, (ii) adjust the number of shares of Common Stock (or such other
security as is designated by the Board) subject to this Agreement and (iii) make any other equitable adjustments or take such other
equitable action as the Board, in its discretion, shall deem appropriate.

 

(c)Any and all
adjustments or actions taken by the Board pursuant to this Section shall be conclusive and binding for all purposes.

 

10.No Restriction
on the Right of the Company to Effect Corporate Changes. The Option granted hereunder shall not affect in any way the right
or power of the Company or its stockholders to make or authorize any or all adjustments, recapitalizations, reorganizations or
other changes in the Company’s capital structure or its business, or any merger or consolidation of the Company, or any issue
of stock or of options, warrants or rights to purchase stock or of bonds, debentures, preferred or prior preference stocks whose
rights are superior to or affect the Common Stock or the rights of holders thereof or which are convertible into or exchangeable
for Common Stock, or the dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or
business, or any other corporate act or proceeding, whether of a similar character or otherwise.

 

11.No Shareholder
Rights. The Optionee shall have no rights as a shareholder of the Company with respect to shares of Common Stock subject to
the Option until payment for such shares shall have been made in full and until the date of the issuance of share certificates
for such shares of Common Stock.

 

12.Nontransferability.

 

(a)Except as provided
in paragraph (b) of this Section 12, or by will or the laws of descent and distribution, the Option is not transferable, and may
be exercised only by the Optionee. In the event of any attempt by the Optionee to transfer, assign, pledge, hypothecate or otherwise
dispose of the Option or of any right hereunder, except as provided for herein, or in the event of the levy of any attachment,
execution or similar process upon the rights or interest hereby conferred, the Company may terminate the Option by notice to the
Optionee and it shall thereupon become null and void.

 

(b)Notwithstanding
paragraph (a), the Optionee may transfer the Option, by gift or a domestic relations order, to a family member of the Optionee.

 

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(c)Notwithstanding
paragraphs (a) or (b), the Optionee may transfer the Option with the express, prior written consent of the Company, which consent
may be withheld for any reason or for no reason.

 

13.Representations
By and Covenants of Optionee.

 

The following representations,
warranties and covenants by Optionee are made as of the date of this Agreement and, unless stated otherwise herein, are also made
as of each date of exercise of this Agreement.

 

(a)If applicable,
the Optionee understands and consents to the placement of a legend on any certificate or other document evidencing the Shares stating
that they have not been registered under the Securities Act and setting forth or referring to the restrictions on transferability
and sale thereof.

 

(b)Optionee hereby
represents that the address of Optionee furnished by him on the signature page of this Agreement is accurate and that said address
is the Optionee’s principal residence. Optionee understands that the Company is relying on the accuracy of this representation
for purposes of its compliance with United States federal securities laws and state “blue sky” laws.

 

(c)This Agreement
has been duly executed and delivered by the Optionee and constitutes the legal, valid and binding obligation of the Optionee, enforceable
in accordance with its terms.

 

14.NSO.
It is intended that this Option shall be a non-qualified stock option

 

and shall not constitute an incentive stock
option for purposes of Section 422 of the Internal Revenue Code of 1986, as amended.

 

15.Compliance
with Law; Registration of Shares.

 

(a)The
Option grant provided hereunder shall be subject to all applicable laws, rules, and regulations of any applicable jurisdiction
or authority or agency thereof and to such approvals by any regulatory or governmental authority or agency or securities exchange
which, in the opinion of Company’s counsel, may be required or appropriate.

 

(b)Notwithstanding
any other provision of this Agreement, the Company shall not be required to issue or deliver any certificate or certificates for
shares of Common Stock under this Agreement prior to fulfillment of all of the following conditions:

 

(i)Effectiveness
of any registration or other qualification of such shares of the Company under any law or regulation of any applicable jurisdiction,
authority or agency that the Board, in its absolute discretion or upon the advice of counsel, deems necessary or advisable; and

 

(ii)Grant of any
other consent, approval or permit from any applicable jurisdiction or authority or agency thereof or securities exchange which
the Board shall, in its absolute discretion or upon the advice of counsel, deem necessary or advisable.

 

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The Company shall
use all reasonable efforts to obtain any consent, approval or permit described above.

 

16.Headings.
The headings of sections and subsections herein are included solely for convenience of reference and shall not affect the meaning
of any of the provisions of this Agreement.

 

17.Severability.
In the event that any one or more provisions of this Agreement, or any action taken pursuant to this Agreement, should, for any
reason, be unenforceable or invalid in any respect under the laws of the United States, any state of the United States or any other
jurisdiction, such unenforceability or invalidity shall not affect any other provision of this Agreement, but in such particular
jurisdiction and instance this Agreement shall be construed as if such unenforceable or invalid provision had not been contained
therein or if the action in question had not been taken thereunder.

 

18.Board Determinations.
In the event that any question or controversy shall arise with respect to the nature, scope or extent of any one or more rights
conferred by the Option, or any provision of this Agreement, the good faith determination by the Board of the rights of the Optionee
shall be conclusive, final and binding upon the Optionee and upon any other person who shall assert any right pursuant to this
Option.

 

19.Governing
Law. This Agreement and all rights hereunder shall be construed in accordance with and governed by the internal laws of the
State of New York applicable to agreements made and to be performed within the State of New York, without giving effect to any
choice-of-law provisions thereof that would compel the application of the substantive laws of any other jurisdiction.

 

20.Jurisdiction;
Venue. The Optionee hereby agrees that any action, proceeding or claim against it arising out of, or relating in any way to
this Agreement shall be brought and enforced in the courts of the State of New York or of the United States of America for the
Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive. The Optionee
hereby waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum. Any process or
summons to be served upon the Optionee may be served by transmitting a copy thereof by registered or certified mail, return receipt
requested, postage prepaid, addressed to it at the address set forth herein. Such mailing shall be deemed personal service and
shall be legal and binding upon the Optionee in any action, proceeding or claim. The Company and the Optionee agree that the prevailing
party(ies) in any such action shall be entitled to recover from the other party(ies) all of its reasonable attorneys’ fees
and expenses relating to such action or proceeding and/or incurred in connection with the preparation therefor.

 

21.Amendment.
This Agreement may not be changed or modified except by an instrument in writing signed by both of the parties hereto.

 

22.Counterparts.
This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original, all of which together
will constitute one and the same instrument.

 

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IN WITNESS WHEREOF, the
Company and the Optionee have executed this Agreement effective as of the date first written above.

 

 

 

	 	 PRIME ACQUISITION CORP.

 

 

By: /s/ DIANA LIU

Name: DIANA LIU 
 Title: CHAIRMAN  

 

OPTIONEE:

 

/s/ Amy Lau

Amy Lau  

 

Address:

109 Cordova Street, San Francisco, CA 94112

Email: amylausf@gmail.com 

 

 

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ADDENDUM A

 

VESTING SCHEDULE

 

The Stock Option granted in the Stock Option Agreement shall
vest based on the following formula:

 

1/12 of the total Stock Option grant shall vest on a monthly
basis, starting from one month after the date of the grant;

 

Vesting shall stop when the Optionee ceases her position as
the Interim Chief Financial Officer of the Company.

 

 

 

 

 

 

 

 

 

    	7Exhibit 4.106

 

STOCK PURCHASE AGREEMENT

 

This STOCK PURCHASE
AGREEMENT (the "Agreement"), dated as of June 26, 2015, by and among Prime Acquisition Corp., a Cayman Islands
company ("Parent"), Prime Luxembourg S.ar.l. ("LuxCo"), a Luxembourg company and wholly-owned subsidiary of
Parent, GSI S.r.1., an Italian limited liability company which is wholly owned by LuxCo ("GSI"), SIM Sr.l,,.an Italian
limited liability company (the "Company"), Bell Real Estate S.r.l Cesare Lanati, an individual domiciled in Buccinasco
(Milan - Italy), via Morandi 3 (Italian Fiscal Code LNTCSR67R06F205A), and Stefano Lanati, an individual domiciled in Buccinasco
(Milan Italy), Via Morandi n. 1/a (Italian Fiscal Code LNTSFN76CO2F205B), (collectively, the "Buyers"

 

WITNESSETH:

 

		A.	Pursuant to a stock purchase agreement, dated as of July 9, 2013 (the "2013 SPA"), by
and among Parent, LuxCo, BHN LLC, a New York limited liability company, the Company, Bell Real Estate S.r.l. and G.S.I. S.r.I.,
the Parent purchased all the issued and outstanding units of the Company from Bell Real Estate S.r.l. and G.S.I. S.r.I.;

 

		B.	The Company's"s outstanding units are held 61% and 39% by LuxCo and GSI, respectively, and
all of the Company's currently outstanding units are ultimately owned by LuxCo; and

 

		C.	The Buyers wish to repurchase all of the units of the Company from LuxCo and from GSI, and LuxCo
and GSI wish to resell such units;

 

		D.	The Buyers hold and/or are controlling shareholders, directly or indirectly, or several companies
in Italy, among them BELL, REAL ESTATE Ltd., BLUE FACILITIES Ltd., VENTIDUE Ltd., Cooper Ltd., and others;

 

The parties accordingly agree as follows:

 

ARTICLE I

DEFINITIONS

 

The following terms, as used herein, have the following meanings:

 

1.1"Affiliate" means, with respect to any
Person, any other Person directly or indirectly Controlling, Controlled by, or under common Control with such Person.

 

1.2"Authority" means any governmental, regulatory
or administrative body, agency or authority, any court or judicial authority, any arbitrator, or any public, private or industry
regulatory authority, whether international, national, Federal, state, or local.

 

 

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1.3"Business Day" means any day other than
a Saturday, Sunday or a legal holiday on which commercial banking institutions in New York, U.S.A. or Milan, Italy are authorized
to close for business.

 

1.4"Control" of a Person means the possession,
directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through
the ownership of voting securities, by contract, or otherwise. "Controlled", "Controlling" and "under
common Control with" have correlative meanings. Without limiting the foregoing a Person ("Controlled Person") shall
be deemed Controlled by (a) any other Person ("10% Owner") (i) owning beneficially, as meant in Rule 13d-3 under the
Exchange Act, securities entitling such Person to cast 10% or more of the votes for election of directors or equivalent governing
authority of the Controlled Person or (ii) entitled to be allocated or receive 10% or more of the profits, losses, or distributions
of the Controlled Person; (b) an officer, director, general partner, partner (other than a limited partner), manager, or member
(other than a member having no management authority that is not a 10% Owner ) of the Controlled Person; or (c) a spouse, parent,
lineal descendant, sibling, aunt, uncle, niece, nephew, mother-in-law, father-in-law, sister-in-law, or brother-in-law of an Affiliate
of the Controlled Person or a trust for the benefit of an Affiliate of the Controlled Person or of which an Affiliate of the Controlled
Person is a trustee.

 

1.5"Deed" means that certain notarized deed
pursuant to which at Closing the Units are transferred (subject to the provisions of the Pledge Agreement) from LuxCo to Buyers
pursuant to Italian Laws.

 

1.6"Indebtedness" means with respect to any
Person, (a) all obligations of such Person for borrowed money, or with respect to deposits or advances of any kind (including amounts
by reason of overdrafts and amounts owed by reason of letter of credit reimbursement agreements) including with respect thereto,
all interests, fees and costs, (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments,
(c) all obligations of such Person under conditional sale or other title retention agreements relating to property purchased by
such Person, (d) all obligations of such Person issued or assumed as the deferred purchase price of property or services (other
than accounts payable to creditors for goods and services incurred in the ordinary course of business), (e) all Indebtedness of
others secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by)
any lien or security interest on property owned or acquired by such Person, whether or not the obligations secured thereby have
been assumed, (f) all obligations of such Person under leases required to be accounted for as capital leases under IFRS, (g) all
guarantees by such Person and (h) any agreement to incur any of the same.

 

1.7"Law" means any domestic or foreign, Federal,
state, municipality or local law, statute, ordinance, code, rule, or regulation or common law.

 

1.8"Lien" means, with respect to any asset,
any mortgage, lien, pledge, charge,security interest or encumbrance of any kind in respect of such asset, and any conditional sale
or voting agreement or proxy, including any agreement to give any of the foregoing.

 

 

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1.9"Material Adverse Change" and "Material
Adverse Effect" mean, with respect to the parties hereto, any change, event or effect that individually or when taken together
with all other changes, events and effects (financial or otherwise) that have occurred prior to the date of determination, is or
is reasonably likely to be material and adverse to the operations, assets, liabilities, business or financial condition of the
parties hereto or the Company's Property owned thereby; provided, however, without prejudicing whether any other matter qualifies
as a Material Adverse Change, any matter involving a loss or payment in excess of $100,000 by the parties hereto shall constitute
a Material Adverse Change with respect to the parties hereto, per se.

 

1.10 "Order"
means any decree, order, judgment, writ, award, injunction, rule or consent of or by an Authority.

 

1.11 "Parent Common
Stock" means the common stock, $0.001 par value per share, of Parent.

 

1.12"Person" means an
individual, corporation, partnership (including a general partnership, limited partnership or limited liability partnership), limited
liability company, association, trust or other entity or organization, including a government, domestic or foreign, or political
subdivision thereof, or an agency or instrumentality thereof.

 

1.13 "SEC" means the Securities and Exchange Commission.

 

1.14 "Units" means all of the
outstanding units, or "quota", of the Company.

 

ARTICLE II

TERMS AND CONDITIONS OF THE PURCHASE
AND SALE

 

2.1Exchange. Upon the terms and subject to the
conditions of this Agreement, at the Closing, Buyers shall acquire from LuxCo and GSI, and LuxCo and GSI shall convey, transfer,
assign and deliver to Buyers the Units, free and clear of all Liens, in such denominations as directed by the Buyers.

 

2.2Exchange Consideration. The Stock Certificates (as
defined below) or other documentation representing the Exchange Shares (as defined below) shall be delivered by Buyers or at their
direction, together with stock powers or other documentation effecting the transfer of the Exchange Shares to the Parent.

 

2.2.1 The consideration
for the Units shall be represented by stock certificates (the "Stock Certificates") representing an aggregate of 220,000
shares of Parent's Common Stock (the "Exchange Shares") split into two parts: 

 

2.2.2 134,200 shares shall be returned
to Parent's treasury for cancellation;

 

2.2.3 85,800 shares shall be transferred to GSI S.r.l. 

 

2.2.3 Parent will
make all of the Company's monthly leasing payments to ING through April 1st, 2015 by the Closing. All leasing monthly_pAyments
to ING, the leasing company, after April 1, 2015, shall be the Buyers's responsibility. 

 

 

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2.4Closing. Subject to the
terms and conditions of this Agreement, the closing of the purchase and sale of the Units (the "Closing") shall take
place no later than 2 Business Days after the last of the conditions to Closing set forth in Article VI have been satisfied or
waived (the date and time at which the Closing is actually held being the "Closing Date"), which is currently anticipated
to be July 14, 2015. At the Closing:

 

(a)LuxCo and GSI shall transfer the
Units to the Buyers.

 

(b)Luxco shall
deliver to the Buyers a Company financial update within a period not exceeding 30 days after the Closing Date. Buyers shall claim
no price reduction, compensation or damages if the Company's financial update delivered by LuxCo is true, correct and complete.

 

(c)Buyers,
LuxCo and GSI shall execute the Deed before an Italian Notary Public.

 

(d)The Parent shall
have received the Exchange Shares along with stock powers or other documentation to effect the transfer of the Exchange Shares
to Parent.

 

Promptly after the
Closing, but in any case within 5 Business Days after the Closing, Parent shall instruct its transfer agent to cancel the Exchange
Shares.

 

2.5At the Closing: 

 

(a)the Company's
current sole director (amministratore unico) shall resign all its official positions with the Company.

 

(b)Buyer shall
cancel the pledges of ELLEGI S.r.l and DELFIN S.r.l. made on September 30, 2013 by Act of Constitution of Pledge made by Dr. Carlotta
Dorina Stella Marchetti;

 

2.6All agreements, including the
Share Purchase Agreement, shall be executed at the offices of Arrigo Roveda, Notary Public, with its office in Via Mario Pagano
6, Milan, Italy. 

 

2.7Parent and Buyers shall pay for
their own legal representative's costs and fees. Notary fees and other fees, such as registration or cancellation of Pledge fees
(collectively "the Italian fees"), incurred in Italy shall be split equally by Parent and Buyers. 

 

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ARTICLE III

REPRESENTATIONS AND WARRANTIES OF 

THE COMPANY, GSI AND LUXCO

 

Except as set forth
in the corresponding section of the disclosure schedules referred to in Exhibit 3, each of Company, GSI and LuxCo, jointly and
severally, hereby represents and warrants to Buyerss that each of the representations and warranties set forth in Exhibit 3, is
true, correct and complete as of the date of this Agreement and as of the Closing Date.

 

ARTICLE IV

REPRESENTATIONS AND WARRANTIES OF BUYERS

 

Except as set forth
in the corresponding section of the disclosure schedules referred to in Exhibit 4, each of the Buyers, jointly and severally, hereby
represents and warrants to Parent, LuxCo, GSI and Company that each of the representations and warranties set forth in Exhibit
4 is true, correct and complete as of the date of this Agreement and as of the Closing Date.

 

ARTICLE V 

COVENANTS

 

The parties hereto covenant and agree that:

 

5.1Best Efforts; Further Assurances. Subject
to the terms and conditions of this Agreement, each party shall use its best efforts to take, or cause to be taken, all actions
and to do, or cause to be done, all things necessary or desirable under applicable Laws, and, in the case of Company and Buyers,
as reasonably requested by LuxCo GSI or Parent, and, in the case of LuxCo GSI or Parent, as reasonably requested by Company and
Buyers, to consummate and implement expeditiously each of the transactions contemplated by this Agreement. The parties hereto shall
execute and deliver such other documents, certificates, agreements and other writings and take such other actions as may be necessary
or desirable in order to consummate or implement expeditiously each of the transactions contemplated by this Agreement.

 

5.2Confidentiality of Transaction.
Any information (except publicly available or freely usable material obtained from another source) respecting any party or its
Affiliates will be kept in strict confidence by all other parties to this Agreement and their agents. Except as required by Law,
neither the Company, Buyers, nor any of their Affiliates, directors, officers, employees or agents will disclose the terms of
the transactions contemplated hereunder or by any additional agreement at any time, currently, or on or after the Closing, regardless
of whether the Closing takes place, except as required by Law or as necessary to their attorneys, accountants and professional
advisors, in which instance such Persons shall be advised of the confidential nature of the terms of the transaction and shall
themselves be required to keep such information confidential. Except as required by Law, each party shall retain all information
obtained from the other and their legal counsel on a confidential basis except as necessary to their attorneys, accountants and
professional advisors, in which instance such persons and any employees or agents of such party shall be advised of the confidential
nature of the terms of the transaction and shall themselves be required by such party to keep such information confidential. Notwithstanding
the foregoing, the parties hereto acknowledge that Parent will be required to disclose the terms of this Agreement and
file a copy of this Agreement with the SEC.

 

 

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5.3Release. Effective as of the Closing Date,
the Buyers and the Company hereby release the current sole director and any officers or employees of the Company from any liability,
whether known or unknown, from the beginning of time through the Closing Date.

 

ARTICLE VI

CONDITIONS TO CLOSING

 

6.1Condition to the Obligations of the Parties.
The obligations of all of the parties to consummate the Closing are subject to the satisfaction of all the following conditions:
(a) no provision of any applicable Law, and no Order shall prohibit or impose any condition on the consummation of the Closing,
and (b) there shall not be pending any action brought by a third-party non-Affiliate to enjoin or otherwise restrict the consummation
of the Closing.

 

6.2Conditions to Obligations of Parent and LuxCo.
The obligation of Parent, LuxCo and GSI to consummate the Closing is subject to the satisfaction, or the waiver at Parent, LuxCo
and GSI's sole and absolute discretion, of all the following further conditions:

 

(a)Buyers shall
have performed in all material respects all of their obligations hereunder required to be performed by them at or prior to the
Closing Date.

 

(b)All of the
representations and warranties of Buyers contained in this Agreement and in any certificate or other writing delivered by Company
and Buyers pursuant hereto, disregarding all qualifications and exceptions contained therein relating to materiality or Material
Adverse Effect, regardless of whether it involved a known risk, shall: (i) be true, correct and complete at and as of the date
of this Agreement, or, (ii) if otherwise specified, when made or when deemed to have been made, and (iii) shall be true, correct
and complete as of the Closing Date, in the case as (i) and (ii) with only such exceptions as could not in the aggregate reasonably
be expected to have a Material Adverse Effect.

 

6.3Conditions to Obligations of Buyers and Company.
The obligation of Buyers to consummate the Closing is subject to the satisfaction, or the waiver at the Buyers' discretion, of
the following further conditions:

 

(a)Parent, LuxCo,
GSI and the Company shall have performed in all material respects all of its obligations hereunder required to be performed by
it at or prior to the Closing Date.

 

(b)All of
the representations and warranties of LuxCo, GSI and the Company contained in this Agreement and in any certificate or other writing
delivered by LuxCo, GSI or the Company pursuant hereto, disregarding all qualifications and expectations contained therein relating
to materiality or Material Adverse Effect, regardless of whether it involved a known risk, shall be true and correct in all material
respects at and as of the Closing Date, as if made at and as of such date.

 

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ARTICLE VII

INDEMNIFICATION

 

7.1Indemnification of Parent, LuxCo and GSI.
Buyers hereby agree to indemnify and hold harmless Parent, LuxCo and GSI, each of their respective Affiliates (including without
limitation Parent) and each of its and their respective members, managers, partners, directors, officers, employees, stockholders,
attorneys and agents and permitted assignees (the "LuxCo Indemnitees"), against and in respect of any and all out-of-pocket
loss, cost, payments, demand, penalty, forfeiture, expense, liability, judgment, deficiency or damage, and diminution in value
or claim (including actual costs of investigation and attorneys' fees and other costs and expenses) (all of the foregoing collectively,
"Losses") incurred or sustained by any LuxCo Indemnitee as a result of or in connection with any breach, inaccuracy or
nonfulfillment or the alleged breach, inaccuracy or nonfulfillment of any of the representations, warranties and covenants of Company
and Buyers contained herein or any certificate or other writing delivered pursuant hereto.

 

7.2Indemnification of Buyers  . Parent , LuxCo
and GSI, jointly and severally hereby agree to indemnify and hold harmless Buyers, each of their Affiliates, and each of their
members, managers, partners, directors, officers, employees, attorneys and agents and permitted assignees (the "Buyers Indemnitees")
against and in respect of any Losses incurred or sustained by any Buyers Indemnitee as a result of any breach, inaccuracy or nonfulfillment
or the alleged breach, of any of the representations, warranties and covenants of LuxCo and GSI contained herein or any certificate
or other writing delivered pursuant hereto.

 

7.3Procedure. The following shall apply with
respect to all claims by either a LuxCo Indemnitee or a Buyers Indemnitee (together, "Indemnified Party") for indemnification:

 

(a)An Indemnified
Party shall give the Buyers or Parent, LuxCo and GSI, as applicable, prompt notice (an "Indemnification Notice") of any
third-party action with respect to which such Indemnified Party seeks indemnification pursuant to Section 7.1 or 9.2 (a "Third-Party
Claim"), which shall describe in reasonable detail the Loss that has been or may be suffered by the Indemnified Party. The
failure to give the Indemnification Notice shall not impair any of the rights or benefits of such Indemnified Party under Section
7.1 or 9.2, except to the extent such failure materially and adversely affects the ability of Buyers or Parent, LuxCo and GSI,
as applicable (any of such parties, "Indemnifying Parties") to defend such claim or increases the amount of such liability.

 

(b)In the
case of any Third-Party Claims as to which indemnification is sought by any Indemnified Party, such Indemnified Party shall
be entitled, at the sole expense and liability of the Indemnifying Parties, to exercise full control of the defense,
compromise or settlement of any Third-Party Claim unless the Indemnifying Parties, within a reasonable time after the giving
of an Indemnification Notice by the Indemnified Party (but in any event within ten (10) days thereafter), shall (i) deliver a
written confirmation to such Indemnified Party that the indemnification provisions of Section 7.1 or 7.2 are applicable to
such action and the Indemnifying Parties will indemnify such Indemnified Party in respect of such action pursuant to the
terms of Section 7.1 or 7.2 and, notwithstanding anything to the contrary, shall do so without asserting any challenge,
defense, limitation on the Indemnifying Parties liability for Losses, counterclaim or offset, (ii) notify such Indemnified
Party in writing of the intention of the Indemnifying Parties to assume the defense thereof, and (iii) retain legal counsel
reasonably satisfactory to such Indemnified Party to conduct the defense of such Third-Party Claim.

 

    	7

     

    

 

(c)If the Indemnifying
Parties assume the defense of any such Third-Party Claim pursuant to Section 7.3(b), then the Indemnified Party shall cooperate
with the Indemnifying Parties in any manner reasonably requested in connection with the defense, and the Indemnified Party shall
have the right to be kept fully informed by the Indemnifying Parties and their legal counsel with respect to the status of any
legal proceedings, to the extent not inconsistent with the preservation of attorney-client or work product privilege. If the Indemnifying
Parties so assume the defense of any such Third-Party Claim the Indemnified Party shall have the right to employ separate counsel
and to participate in (but not control) the defense, compromise, or settlement thereof, but the fees and expenses of such counsel
employed by the Indemnified Party shall be at the expense of such Indemnified Party unless (i) the Indemnifying Parties have agreed
to pay such fees and expenses, or (ii) the named parties to any such Third-Party Claim (including any impleaded parties) include
an Indemnified Party and an Indemnifying Party and such Indemnified Party shall have been advised by its counsel that there may
be a conflict of interest between such Indemnified Party and the Indemnifying Parties in the conduct of the defense thereof, and
in any such case the reasonable fees and expenses of such separate counsel shall be borne by the Indemnifying Parties.

 

(d)If the Indemnifying
Parties elect to assume the defense of any Third-Party Claim pursuant to Section 7.3(b), the Indemnified Party shall not pay, or
permit to be paid, any part of any claim or demand arising from such asserted liability unless the Indemnifying Parties withdraw
from or fail to vigorously prosecute the defense of such asserted liability, or unless a judgment is entered against the Indemnified
Party for such liability. If the Indemnifying Parties do not elect to defend, or if, after commencing or undertaking any such defense,
the Indemnifying Parties fail to adequately prosecute or withdraw such defense, the Indemnified Party shall have the right to undertake
the defense or settlement thereof, at the Indemnifying Parties' expense. Notwithstanding anything to the contrary, the Indemnifying
Parties shall not be entitled to control, but may participate in, and the Indemnified Party (at the expense of the Indemnifying
Parties) shall be entitled to have sole control over, the defense or settlement of (x) that part of any Third Party Claim (i) that
seeks a temporary restraining order, a preliminary or permanent injunction or specific performance against the Indemnified Party,
or (ii) to the extent such Third Party Claim involves criminal allegations against the Indemnified Party or (y) the entire Third
Party Claim if such Third Party Claim would impose liability on the part of the Indemnified Party in an amount which is greater
than the amount as to which the Indemnified Party is entitled to indemnification under this Agreement. In the event the Indemnified
Party retains control of the Third Party Claim, the Indemnified Party will not settle the subject claim without the prior written
consent of the Indemnifying Party, which consent will not be unreasonably withheld or delayed.

 

    	8

     

    

 

 

(e)If the Indemnified Party undertakes the defense of any
such Third-Party Claim pursuant to Section 7.1 or 7.2 and proposes to settle the same prior to a final judgment thereon or to forgo
appeal with respect thereto, then the Indemnified Party shall give the Indemnifying Parties prompt written notice thereof and the
Indemnifying Parties shall have the right to participate in the settlement, assume or reassume the defense thereof or prosecute
such appeal, in each case at the Indemnifying Parties' expense. The Indemnifying Parties shall not, without the prior written consent
of such Indemnified Party settle or compromise or consent to entry of any judgment with respect to any such Third-Party Claim (i)
in which any relief other than the payment of money damages is or may be sought against such Indemnified Party, (ii) in which such
Third Party Claim could be reasonably expected to impose or create a monetary liability on the part of the Indemnified Party (such
as an increase in the Indemnified Party's income Tax) other than the monetary claim of the third party in such Third-Party Claim
being paid pursuant to such settlement or judgment, or (iii) which does not include as an unconditional term thereof the giving
by the claimant, person conducting such investigation or initiating such hearing, plaintiff or petitioner to such Indemnified Party
of a release from all liability with respect to such Third-Party Claim and all other actions (known or unknown) arising or which
might arise out of the same facts.

 

7.4Periodic Payments. Any indemnification required
by Section 7.1 or 7.2 for costs, disbursements or expenses of any Indemnified Party in connection with investigating, preparing
to defend or defending any action shall be made by periodic payments by the Indemnifying Parties to each Indemnified Party during
the course of the investigation or defense, as and when bills are received or costs, disbursements or expenses are incurred.

 

7.5Insurance. Any indemnification payments hereunder
shall take into account any insurance proceeds or other third party reimbursement actually received.

 

7.6Survival of Indemnification Rights. The representations
and warranties of Buyers, Company, Parent and LuxCo shall survive until the twelve (12) months following the Closing.

 

ARTICLE VIII

DISPUTE RESOLUTION

 

8.1Arbitration.

 

(a)The parties shall promptly submit any dispute, claim,
or controversy arising out of or relating to this Agreement (including with respect to the meaning, effect, validity, termination,
interpretation, performance, or enforcement of this Agreement) or any alleged breach thereof (including any action in tort, contract,
equity, or otherwise), to binding arbitration before one arbitrator ("Arbitrator"), shall be binding, final and
non-appealable and not subject to this Section 8.1. The parties agree that binding arbitration shall be the sole means of resolving
any dispute, claim, or controversy arising out of or relating to this Agreement (including with respect to the meaning, effect,
validity, termination, interpretation, performance or enforcement of this Agreement) or any alleged breach thereof (including any
claim in tort, contract, equity, or otherwise).

 

    	9

     

    

 

(b)If the parties cannot agree upon the Arbitrator, the Arbitrator shall be selected
by the New York, New York chapter head of the American Arbitration Association upon the written request of either side. The Arbitrator
shall be selected within thirty (30) days of such written request.

 

(c)The laws of
the State of New York shall apply to any arbitration hereunder. In any arbitration hereunder, this Agreement and any agreement
contemplated hereby shall be governed by the laws of the State of New York applicable to a contract negotiated, signed, and wholly
to be performed in the State of New York, which laws the Arbitrator shall apply in rendering his decision. The Arbitrator shall
issue a written decision, setting forth findings of fact and conclusions of law, within sixty (60) days after he shall have been
selected. The Arbitrator shall have no authority to award punitive or other exemplary damages.

 

(d)The arbitration
shall be held in New York, New York in accordance with and under the then current provisions of the rules of the American Arbitration
Association, except as otherwise provided herein.

 

(e)On application
to the Arbitrator, any party shall have rights to discovery to the same extent as would be provided under the Federal Rules of
Civil Procedure, and the Federal Rules of Evidence shall apply to any arbitration under this Agreement; provided, however, that
the Arbitrator shall limit any discovery or evidence such that his decision shall be rendered within the period referred to in
Section 8.1(c).

 

(f) The Arbitrator
may, at his discretion and at the expense of the parties, who will bear the cost of the arbitration, employ experts to assist
him in his determinations.

 

(g)The costs of
the arbitration proceeding and any proceeding in court to confirm any arbitration award, as applicable (including actual attorneys'
fees and costs), shall be borne by the unsuccessful party and shall be awarded as part of the Arbitrator's decision, unless the
Arbitrator shall otherwise allocate such costs in such decision. The determination of the Arbitrator shall be final and binding
upon the parties and not subject to appeal.

 

(h)Any judgment
upon any award rendered by the Arbitrator may be entered in and enforced by any court of competent jurisdiction. The parties expressly
consent to the exclusive jurisdiction of the courts (Federal and state) in New York, New York to enforce any award of the Arbitrator
or to render any provisional, temporary, or injunctive relief in connection with or in aid of the Arbitration. The parties expressly
consent to the personal and subject matter jurisdiction of the Arbitrator to arbitrate any and all matters to be submitted to arbitration
hereunder. None of the parties hereto shall challenge any arbitration hereunder on the grounds that any party necessary to such
arbitration (including the parties hereto) shall have been absent from such arbitration for any reason, including that such party
shall have been the subject of any bankruptcy, reorganization, or insolvency proceeding.

 

(i)The
parties shall indemnify the Arbitrator and any experts employed by the Arbitrator and hold them harmless from and against any
claim or demand arising out of any arbitration under this Agreement or any agreement contemplated hereby, unless resulting
from the willful misconduct of the person indemnified.

 

    	10

     

    

 

(j)This arbitration
section shall survive the termination of this Agreement and any agreement contemplated hereby.

 

8.2Waiver of Jury Trial; Exemplary Damages.

 

(a)THE PARTIES
TO THIS AGREEMENT HEREBY KNOWINGLY, VOLUNTARILY AND IRREVOCABLY WAIVE ANY RIGHT EACH SUCH PARTY MAY HAVE TO TRIAL BY JURY IN ANY
ACTION OF ANY KIND OR NATURE, IN ANY COURT IN WHICH AN ACTION MAY BE COMMENCED, ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT,
OR BY REASON OF ANY OTHER CAUSE OR DISPUTE WHATSOEVER BETWEEN OR AMONG ANY OF THE PARTIES TO THIS AGREEMENT OF ANY KIND OR NATURE.
NO PARTY SHALL BE AWARDED PUNITIVE OR OTHER EXEMPLARY DAMAGES RESPECTING ANY DISPUTE ARISING UNDER THIS AGREEMENT.

 

(b)Each of the
parties to this Agreement acknowledges that each has been represented in connection with the signing of this waiver by independent
legal counsel selected by the respective party and that such party has discussed the legal consequences and import of this waiver
with legal counsel. Each of the parties to this Agreement further acknowledge that each has read and understands the meaning of
this waiver and grants this waiver knowingly, voluntarily, without duress and only after consideration of the consequences of this
waiver with legal counsel.

 

8.3Attorneys' Fees. The unsuccessful party to
any action arising out of this Agreement that is not resolved by arbitration under Section 8.1 shall pay to the prevailing party
all attorneys' fees and costs actually incurred by the prevailing party, in addition to any other relief to which it may be entitled.
As used in this Section 8.3 and elsewhere in this Agreement, "actual attorneys' fees" or "attorneys' fees actually
incurred" means the full and actual cost of any legal services actually performed in connection with the matter for which
such fees are sought, calculated on the basis of the usual fees charged by the attorneys performing such services, and shall not
be limited to "reasonable attorneys' fees" as that term may be defined in statutory or decisional authority.

 

ARTICLE IX

TERMINATION

 

9.1Termination Without Default; Expenses.

 

(a)In the
event that the Closing of the transactions contemplated hereunder has not occurred by July 15, 2015 (the "Outside
Closing Date"), and no material breach of this Agreement by Parent, LuxCo, GSI and the Company, on one hand, or the
Buyers, on the other hand, seeking to terminate this Agreement shall have occurred or have been made (as provided in Section
9.2 hereof), each party hereto shall have the right, at its sole option, to terminate this Agreement without liability to the
other side. Such right may be exercised by any party hereto giving written notice to the other at any time after the Outside
Closing Date. Upon receipt of such notice, neither party shall have any further obligation to the other under this Agreement,
except for those obligations that are expressly stated to survive the cancellation or termination of this Agreement. In the
event this Agreement is terminated pursuant to this Section 9.1(a), each party shall bear its own expenses incurred in
connection with this Agreement.

 

    	11

     

    

 

9.2Termination Upon Default.

 

(a)Parent, LuxCo
and GSI may terminate this Agreement by giving notice to the Buyers on or prior to the Closing Date, without prejudice to any rights
or obligations Parent, LuxCo or GSI may have, if Buyers shall have materially breached any representation or warranty or breached
any agreement or covenant contained herein to be performed on or prior to the Closing Date, and in either case, such breach shall
not be cured by the earlier of the Outside Closing Date and ten (10) days following receipt by the Buyers of a notice describing
in reasonable detail the nature of such breach.

 

(b)The Buyers may
terminate this Agreement by giving notice to Parent, LuxCo and GSI, without prejudice to any rights or obligations Buyers or Company
may have, if Parent or LuxCo shall have materially breached any of its covenants, agreements, representations, and warranties contained
herein to be performed on or prior to the Closing Date and such breach shall not be cured by the earlier of the Outside Closing
Date and ten (10) days following receipt by LuxCo of a notice describing in reasonable detail the nature of such breach.

 

(c)In the event
this Agreement is terminated by Parent or LuxCo or GSI pursuant to Section 9.2(a), Buyers shall be responsible for paying all of
their own expenses and those of Parent, LuxCo, GSI and the Company incurred in connection with this Agreement.

 

(d)In the event
this Agreement is terminated by the Buyers pursuant to Section 9.2(b), LuxCo and GSI shall be responsible for paying all of its
own expenses and those of Buyers incurred in connection with this Agreement (provided, however, such expenses of Buyers shall be
limited to reasonable attorney's fees of one counsel).

 

9.3Survival.
The provisions of Section 8.3, as well as this Article IX, shall survive any termination hereof pursuant to Article IX.

 

ARTICLE X

MISCELLANEOUS

 

10.1Notices.
Any notice hereunder shall be sent in writing, addressed as specified below, and shall be deemed given: (a) if by hand or recognized
courier service, by 4:00PM on a business day, addressee's day and time, on the date of delivery, and otherwise on the first business
day after such delivery; (b) if by fax or email, on the date that transmission is confirmed electronically, if by 4:00PM on a business
day, addressee's day and time, and otherwise on the first business day after the date of such confirmation; or (c) five days after
mailing by certified or registered mail, return receipt requested. Notices shall be addressed to the respective parties as follows
(excluding telephone numbers, which are for convenience only), or to such other address as a party shall specify to the others
in accordance with these notice provisions:

 

    	12

     

    

 

if to Parent, to:

 

Prime Acquisition Corp.

No. 322, Zhongshan East Road

Shijiazhuang

 

Hebei Province, 050011

People's Republic of China

Telecopy: 650-618-2552

 

With a copy to (which shall not constitute notice):

 

Loeb & Loeb LLP

345 Park Avenue

New York, New York 10154

Attention: Mitchell S. Nussbaum, Esq.

Telecopy: +1 212.504.3013

 

If to LuxCo, to:

 

Prime Luxembourg S.ar.l.

c/o Prime Acquisition Corp.

No. 322, Zhongshan East Road

Shijiazhuang

 

Hebei Province, 050011

People's Republic of China

Telecopy: 650-618-2552

 

With a copy to (which shall not constitute notice):

 

Loeb & Loeb LLP

345 Park Avenue

New York, New York 10154

Attention: Mitchell S. Nussbaum, Esq.

Telecopy: +1 212.504.3013

 

If to GSI, to:

 

GSI s.r.l.

c/o Corso Europa 22

20122 Milano, Italy

 

 

 

    	13

     

    

 

if to Buyers:   Bell Real Estate
S.r.l.

 

Cesare Lanati

Stefano Lanati

Via Newton, 9

20090 Assago (Milan)

Telecopy: +39.02.36.70.68.48

 

with a copy to (which shall not constitute notice):

 

Paolo d'Urso

Via Bergamo n. 7,

20135 Milan, Italy

Telecopy: +39 02 5464526

 

10.2 Amendments; No Waivers; Remedies.

 

(a)This Agreement
cannot be amended, except by a writing signed by each party, or terminated orally or by course of conduct. No provision hereof
can be waived, except by a writing signed by the party against whom such waiver is to be enforced, and any such waiver shall apply
only in the particular instance in which such waiver shall have been given.

 

(b)Neither any
failure or delay in exercising any right or remedy hereunder or in requiring satisfaction of any condition herein nor any course
of dealing shall constitute a waiver of or prevent any party from enforcing any right or remedy or from requiring satisfaction
of any condition. No notice to or demand on a party waives or otherwise affects any obligation of that party or impairs any right
of the party giving such notice or making such demand, including any right to take any action without notice or demand not otherwise
required by this Agreement. No exercise of any right or remedy with respect to a breach of this Agreement shall preclude exercise
of any other right or remedy, as appropriate to make the aggrieved party whole with respect to such breach, or subsequent exercise
of any right or remedy with respect to any other breach.

 

(c)Except as otherwise
expressly provided herein, no statement herein of any right or remedy shall impair any other right or remedy stated herein or that
otherwise may be available.

 

(d)Notwithstanding
anything else contained herein, neither shall any party seek, nor shall any party be liable for, punitive or exemplary damages,
under any tort, contract, equity, or other legal theory, with respect to any breach (or alleged breach) of this Agreement or any
provision hereof or any matter otherwise relating hereto or arising in connection herewith.

 

10.3 Arms'
Length Bargaining; no Presumption Against Drafter. This Agreement has been negotiated at arms-length by parties of equal
bargaining strength, each represented by counsel or having had but declined the opportunity to be represented by counsel and
having participated in the drafting of this Agreement. This Agreement creates no fiduciary or other special relationship
between the parties, and no such relationship otherwise exists. No presumption in favor of or against any party in the
construction or interpretation of this Agreement or any provision hereof shall be made based upon which Person might have
drafted this Agreement or such provision.

 

    	14

     

    

 

10.4 Publicity.
Except as required by law, the parties agree that neither they nor their agents shall issue any press release or make any other
public disclosure concerning the transactions contemplated hereunder without the prior approval of the other party hereto.

 

10.5 No Assignment
or Delegation. No party may assign any right or delegate any obligation hereunder, including by merger, consolidation, operation
of law, or otherwise, without the written consent of the other party. Any purported assignment or delegation without such consent
shall be void, in addition to constituting a material breach of this Agreement.

 

10.6 Governing Law.
This Agreement shall be construed in accordance with and governed by the laws of the State of New York, without giving effect to
the conflict of laws principles thereof.

 

10.7 Counterparts;
Facsimile Signatures. This Agreement may be executed in counterparts, each of which shall constitute an original, but all of
which shall constitute one agreement. This Agreement shall become effective upon delivery to each party of an executed counterpart
or the earlier delivery to each party of original, photocopied, or electronically transmitted signature pages that together (but
need not individually) bear the signatures of all other parties.

 

10.8 Entire Agreement.
This Agreement sets forth the entire agreement of the parties with respect to the subject matter hereof and thereof and supersedes
all prior and contemporaneous understandings and agreements related thereto (whether written or oral), all of which are merged
herein. No provision of this Agreement may be explained or qualified by any agreement, negotiations, understanding, discussion,
conduct or course of conduct or by any trade usage. Except as otherwise expressly stated herein, there is no condition precedent
to the effectiveness of any provision hereof or thereof. No party has relied on any representation from, warranty or agreement
of any person in entering into this Agreement, prior or contemporaneous, except those expressly stated herein or therein.

 

10.9Severability.
A determination by a court or other legal authority that any provision that is not of the essence of this Agreement is legally
invalid shall not affect the validity or enforceability of any other provision hereof. The parties shall cooperate in good faith
to substitute (or cause such court or other legal authority to substitute) for any provision so held to be invalid a valid provision,
as alike in substance to such invalid provision as is lawful.

 

10.10 Construction of Certain Terms and
References; Captions. In this Agreement:

 

(a)References to particular sections and subsections, schedules, and exhibits
not otherwise specified are cross-references to sections and subsections, schedules, and exhibits of this Agreement.

 

    	15

     

    

 

(b)The words "herein,"
"hereof," "hereunder," and words of similar import refer to this Agreement as a whole and not to any particular
provision of this Agreement, and, unless the context requires otherwise, "party" means a party signatory hereto.

 

(c)Any use of
the singular or plural, or the masculine, feminine, or neuter gender, includes the others, unless the context otherwise requires;
"including" means "including without limitation;" "or" means "and/or;" "any"
means "any one, more than one, or all;" and, unless otherwise specified, any financial or accounting term has the meaning
of the term under United States generally accepted accounting principles as consistently applied heretofore by party.

 

(d)Unless otherwise
specified, any reference to any agreement (including this Agreement), instrument, or other document includes all schedules, exhibits,
or other attachments referred to therein, and any reference to a statute or other law includes any rule, regulation, ordinance,
or the like promulgated thereunder, in each case, as amended, restated, supplemented, or otherwise modified from time to time.
Any reference to a numbered schedule means the same-numbered section of the disclosure schedule.

 

(e)If any action
is required to be taken or notice is required to be given within a specified number of days following a specific date or event,
the day of such date or event is not counted in determining the last day for such action or notice. If any action is required to
be taken or notice is required to be given on or before a particular day which is not a Business Day, such action or notice shall
be considered timely if it is taken or given on or before the next Business Day.

 

Captions are not a part of this Agreement, but are included
for

 

convenience, only.

 

10.11 Further Assurances.
Each party shall execute and deliver such documents and take such action, as may reasonably be considered within the scope of such
party's obligations hereunder, necessary to effectuate the transactions contemplated by this Agreement.

 

10.12 Third Party
Beneficiaries. Neither this Agreement nor any provision hereof confers any benefit or right upon or may be enforced by any
Person not a signatory hereto.

 

[The remainder of this page intentionally
left blank; signature pages to follow]

 

 

    	16

     

    

 

IN WITNESS WHEREOF,
LuxCo, Parent, Company and Buyers have each caused this Agreement to be duly executed by their respective authorized officers
as of the day and year first above written.

 

LUXCO:

 

	 	Prime Luxembourg S.àr.l.
	 	a Luxembourg company
	 	 
	 	By: /s/ William YU
	 	Name: William YU
	 	Title: Manager
	 	 
	 	 
	 	By:  /s/ Richard Brekelmans
	 	Name: Richard Brekelmans
	 	Title: Manager

 

 

 

PARENT:

 

 

		Prime Acquisition
    Corp.
	 	a Cayman Islands company
	 	 
	 	By: /s/ Diana LIU
	 	Name: Diana LIU
	 	Title: Chairman
	 	 
	 	 
	 	GSI S.r.l.
	 	an Italian company
	 	 
	 	By: /s/ Diana LIU
	 	 Name: Diana LIU
	 	Tite: Amministratore Unico

 

    	17

     

    

 

 

COMPANY:

 

		SIMS.r.l.
	 	an Italian company
	 	 
	 	By: /s/ Diana LIU
	 	 Name: Diana LIU
	 	Tite: Amministratore Unico

 

BUYERS:

 

 

		Bell Real Estate S.r.l.
	 	an Italian company
	 	 
	 	By: /s/ Stefano Lanati
	 	 Name: Stefano Laniti
	 	Tite: Amministratore Unico
	 	 
	 	 
	 	/s/ Cesare Lanati
	 	 Cesare Lanati
	 	 
	 	/s/ Stefano Lanati
	 	Stefana Lanati

 

 

    	18

     

    

 

EXHIBIT 3

 

REPRESENTATIONS AND WARRANTIES OF

THE BUYERS

 

3.0 Corporate Existence
and Power. Bell Real Estate is a company duly organized, validly existing and in good standing under the laws of Italy. Stefano
Lanati and Cesare Lanati owns, directly or indirectly, all of the outstanding equity interests in BELL.

 

3.1 Exchange Shares.
Buyers owns all of the Exchange Shares, free and clear of all Liens and are legally permitted to transfer all right, title and
interest in and to the Exchange Shares to Parent.

 

3.2 Authorization.
This Agreement has been, and any additional agreements to which the Buyers are named as a party will be at Closing, duly executed
and delivered by the Buyers, and this Agreement constitutes, and any additional agreements will be upon their execution and delivery
at Closing, valid and legally binding agreements of Buyers, enforceable against Buyers in accordance with their respective terms.

 

3.3 Governmental
Authorization. Buyers have obtained or completed all consent, approval, license or other action by or in respect of, or registration,
declaration or filing with, any Authority regarding the execution, delivery and performance by Buyers and the Company of this Agreement
or any additional agreements.

 

3.5 Non-Contravention.
The execution, delivery and performance by Buyers of this Agreement do not and will not (i) contravene or conflict with the
organizational or constitutive documents of Buyers, or (ii) contravene or conflict with or constitute a violation of any
provision of any Law, judgment, injunction, order, writ, or decree binding upon Buyers

 

    	19

     

    

 

EXHIBIT 4

 

REPRESENTATIONS AND WARRANTIES OF PARENT,
LUXCO AND COMPANY

 

4.1 Corporate Existence
and Power. Parent is a company duly organized, validly existing and in good standing under the laws of the Cayman Island. LuxCo
is a company duly organized, validly existing and in good standing under the laws of Luxembourg. Parent owns all of the outstanding
equity interests in LuxCo. GSI and Company are limited liability company duly organized, validly existing and in good standing
under and by virtue of the Laws of Italy.

 

4.2 Units.
LuxCo and GSI jointly owns all of the outstanding Units of Company, and are legally permitted to transfer all right, title and
interest in and to the Units to Buyers.

 

4.3 Corporate Authorization.
The execution, delivery and performance by Parent, LuxCo, GSI and the Company of this Agreement and any additional agreements and
the consummation by Parent, LuxCo, GSI and the Company of the transactions contemplated hereby and thereby are within the corporate
powers of Parent, LuxCo, GSI and the Company, and have been duly authorized by all necessary corporate action on the part
of Parent, LuxCo, GSI and the Company. This Agreement is, and any additional agreements will be, duly executed and delivered by
Parent, LuxCo, GSI and the Company and constitute valid and legally binding agreements of Parent, LuxCo and the Company, enforceable
against them in accordance with their terms.4.4 Governmental Authorization. Neither the execution, delivery nor performance
by Parent, LuxCo, GSI and the Company of this Agreement requires any consent, approval, license or other action by or in respect
of, or registration, declaration or filing with, any Authority.

 

4.5 Non-Contravention.
The execution, delivery and performance by Parent, LuxCo, GSI and the Company of this Agreement do not and will not (i) contravene
or conflict with the organizational or constitutive documents of Parent, LuxCo, GSI and the Company, or (ii) contravene or conflict
with or constitute a violation of any provision of any Law, judgment, injunction, order, writ, or decree binding upon Parent, LuxCo,
GSI and or the Company.

 

    	20

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00253-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00253-of-00352.parquet"}]]