Common use of Placement Shares Clause in Contracts

Placement Shares. Simultaneously with the Closing, Prime Number Acquisition LLC, one of two sponsors of the Company (the “Sponsor A”) and Glorious Capital LLC, another one of two sponsors of the Company (the “Sponsor B”, together with Sponsor A as the “Sponsors”), shall purchase from the Company pursuant to the Private Placement Share Purchase Agreement (as defined in Section 2.23.2 hereof) an aggregate of 380,892 shares of Common Stock (the “Placement Shares”), among which, 331,032 Placement Shares will be purchased by Sponsor A and 49,860 Placement Shares will be purchased by Sponsor B, at a purchase price of $10.00 per Placement Share in a private placement (the “Private Placement”). There will be no placement agent in the Private Placement and no party shall be entitled to a placement fee or expense allowance from the sale of the Placement Shares.