<SEC-DOCUMENT>0001104659-23-004477.txt : 20230118
<SEC-HEADER>0001104659-23-004477.hdr.sgml : 20230118
<ACCEPTANCE-DATETIME>20230118091920
ACCESSION NUMBER:		0001104659-23-004477
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		14
CONFORMED PERIOD OF REPORT:	20230118
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20230118
DATE AS OF CHANGE:		20230118

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PLBY Group, Inc.
		CENTRAL INDEX KEY:			0001803914
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-MISCELLANEOUS RETAIL [5900]
		IRS NUMBER:				371958714
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39312
		FILM NUMBER:		23533078

	BUSINESS ADDRESS:	
		STREET 1:		10960 WILSHIRE BLVD
		STREET 2:		SUITE 2200
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90024
		BUSINESS PHONE:		310-424-1800

	MAIL ADDRESS:	
		STREET 1:		10960 WILSHIRE BLVD
		STREET 2:		SUITE 2200
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90024

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Mountain Crest Acquisition Corp.
		DATE OF NAME CHANGE:	20200219
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>tm233762d1_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<XBRL>
<?xml version="1.0" encoding="utf-8"?>
<html xmlns="http://www.w3.org/1999/xhtml" xmlns:xs="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:ix="http://www.xbrl.org/2013/inlineXBRL" xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2015-02-26" xmlns:ixt-sec="http://www.sec.gov/inlineXBRL/transformation/2015-08-31" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:dei="http://xbrl.sec.gov/dei/2021q4" xmlns:ref="http://www.xbrl.org/2006/ref" xmlns:us-gaap="http://fasb.org/us-gaap/2021-01-31" xmlns:us-roles="http://fasb.org/us-roles/2021-01-31" xmlns:country="http://xbrl.sec.gov/country/2021" xmlns:srt="http://fasb.org/srt/2021-01-31" xmlns:PLBY="http://playboy.com/20230118">
<head>
     <title></title>
<meta http-equiv="Content-Type" content="text/html" />
</head>
<!-- Field: Set; Name: xdx; ID: xdx_02A_US%2DGAAP%2D2021 -->
<!-- Field: Set; Name: xdx; ID: xdx_032_PLBY_playboy.com_20230118 -->
<!-- Field: Set; Name: xdx; ID: xdx_044_20230118_20230118 -->
<!-- Field: Set; Name: xdx; ID: xdx_053_edei%2D%2DEntityCentralIndexKey_0001803914 -->
<!-- Field: Set; Name: xdx; ID: xdx_059_edei%2D%2DAmendmentFlag_false -->
<!-- Field: Set; Name: xdx; ID: xdx_06B_USD_1_iso4217%2D%2DUSD -->
<!-- Field: Set; Name: xdx; ID: xdx_062_Shares_2_xbrli%2D%2Dshares -->
<!-- Field: Set; Name: xdx; ID: xdx_06D_USDPShares_3_iso4217%2D%2DUSD_xbrli%2D%2Dshares -->
<body style="font: 10pt Times New Roman, Times, Serif">
<div style="display: none">
<ix:header>
 <ix:hidden>
  <ix:nonNumeric contextRef="From2023-01-18to2023-01-18" name="dei:EntityCentralIndexKey">0001803914</ix:nonNumeric>
  <ix:nonNumeric contextRef="From2023-01-18to2023-01-18" name="dei:AmendmentFlag">false</ix:nonNumeric>
  </ix:hidden>
 <ix:references>
  <link:schemaRef xlink:href="plby-20230118.xsd" xlink:type="simple" />
  </ix:references>
 <ix:resources>
    <xbrli:context id="From2023-01-18to2023-01-18">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0001803914</xbrli:identifier>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2023-01-18</xbrli:startDate>
        <xbrli:endDate>2023-01-18</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:unit id="USD">
      <xbrli:measure>iso4217:USD</xbrli:measure>
    </xbrli:unit>
    <xbrli:unit id="Shares">
      <xbrli:measure>xbrli:shares</xbrli:measure>
    </xbrli:unit>
    <xbrli:unit id="USDPShares">
      <xbrli:divide>
        <xbrli:unitNumerator>
          <xbrli:measure>iso4217:USD</xbrli:measure>
        </xbrli:unitNumerator>
        <xbrli:unitDenominator>
          <xbrli:measure>xbrli:shares</xbrli:measure>
        </xbrli:unitDenominator>
      </xbrli:divide>
    </xbrli:unit>
  </ix:resources>
 </ix:header>
</div>


<p style="margin: 0"></p>

<!-- Field: Rule-Page --><div style="margin-top: 12pt; margin-bottom: 3pt; width: 100%"><div style="border-top: Black 2pt solid; font-size: 1pt; border-bottom: Black 1pt solid">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="margin: 0">&#160;</p>



<p style="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>UNITED STATES</b></p>

<p style="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>SECURITIES AND EXCHANGE COMMISSION</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Washington, D.C. 20549</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="border-top: Black 1pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>



<p style="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>FORM&#160;<span id="xdx_908_edei--DocumentType_c20230118__20230118_znyRampssTu"><ix:nonNumeric contextRef="From2023-01-18to2023-01-18" name="dei:DocumentType">8-K</ix:nonNumeric></span></b></p>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="border-top: Black 1pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>CURRENT REPORT</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Pursuant to Section 13 or 15(d) of the</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Securities Exchange Act of 1934</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Date of Report (Date of earliest event reported):
<span id="xdx_909_edei--DocumentPeriodEndDate_c20230118__20230118_zdKhByiXecN4"><ix:nonNumeric contextRef="From2023-01-18to2023-01-18" format="ixt:datemonthdayyearen" name="dei:DocumentPeriodEndDate">January 18, 2023</ix:nonNumeric></span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="border-top: Black 1pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>



<p style="font: 24pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b><span id="xdx_904_edei--EntityRegistrantName_c20230118__20230118_z8ZcTNxvcL6f"><ix:nonNumeric contextRef="From2023-01-18to2023-01-18" name="dei:EntityRegistrantName">PLBY GROUP, INC.</ix:nonNumeric></span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>(Exact name of registrant as specified in its
charter)</b></p>



<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="border-top: Black 1pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="width: 33%; font-size: 10pt; text-align: center"><b><span id="xdx_90B_edei--EntityIncorporationStateCountryCode_c20230118__20230118_zIsSdwJnDKK"><ix:nonNumeric contextRef="From2023-01-18to2023-01-18" format="ixt-sec:stateprovnameen" name="dei:EntityIncorporationStateCountryCode">Delaware</ix:nonNumeric></span></b></td>
    <td style="width: 34%; font-size: 10pt; text-align: center"><b><span id="xdx_904_edei--EntityFileNumber_c20230118__20230118_z3KGgOW4e9Nf"><ix:nonNumeric contextRef="From2023-01-18to2023-01-18" name="dei:EntityFileNumber">001-39312</ix:nonNumeric></span></b></td>
    <td style="width: 33%; font-size: 10pt; text-align: center"><b><span id="xdx_90C_edei--EntityTaxIdentificationNumber_c20230118__20230118_zYf8ntADwFI9"><ix:nonNumeric contextRef="From2023-01-18to2023-01-18" name="dei:EntityTaxIdentificationNumber">37-1958714</ix:nonNumeric></span></b></td></tr>
  <tr style="vertical-align: top">
    <td style="text-align: center"><b>(State or other jurisdiction<br />
of incorporation)</b></td>
    <td style="text-align: center"><b>(Commission<br />
File Number)</b></td>
    <td style="text-align: center"><b>(IRS Employer<br />
Identification Number)</b></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b><span id="xdx_900_edei--EntityAddressAddressLine1_c20230118__20230118_zj13dVxgNNo1"><ix:nonNumeric contextRef="From2023-01-18to2023-01-18" name="dei:EntityAddressAddressLine1">10960 Wilshire Blvd.</ix:nonNumeric></span>, <span id="xdx_902_edei--EntityAddressAddressLine2_c20230118__20230118_zBJ3qJMzqtT7"><ix:nonNumeric contextRef="From2023-01-18to2023-01-18" name="dei:EntityAddressAddressLine2">Suite 2200</ix:nonNumeric></span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b><span id="xdx_900_edei--EntityAddressCityOrTown_c20230118__20230118_zAPaDf5DbuIc"><ix:nonNumeric contextRef="From2023-01-18to2023-01-18" name="dei:EntityAddressCityOrTown">Los Angeles</ix:nonNumeric></span>, <span id="xdx_90F_edei--EntityAddressStateOrProvince_c20230118__20230118_zmOW5nrQfDvd"><ix:nonNumeric contextRef="From2023-01-18to2023-01-18" format="ixt-sec:stateprovnameen" name="dei:EntityAddressStateOrProvince">California</ix:nonNumeric></span> <span id="xdx_902_edei--EntityAddressPostalZipCode_c20230118__20230118_zBFFaWLADYyl"><ix:nonNumeric contextRef="From2023-01-18to2023-01-18" name="dei:EntityAddressPostalZipCode">90024</ix:nonNumeric></span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>(Address of principal executive offices, including
Zip Code)</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>(<span id="xdx_907_edei--CityAreaCode_c20230118__20230118_zx9jR2QPJYe9"><ix:nonNumeric contextRef="From2023-01-18to2023-01-18" name="dei:CityAreaCode">310</ix:nonNumeric></span>) <span id="xdx_90B_edei--LocalPhoneNumber_c20230118__20230118_zYj0HFikcuo7"><ix:nonNumeric contextRef="From2023-01-18to2023-01-18" name="dei:LocalPhoneNumber">424-1800</ix:nonNumeric></span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>(Registrant&#8217;s telephone number, including
area code)</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>(Former name or former address, if changed since
last report)</b></p>



<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></p>

<!-- Field: Rule-Page --><div style="margin: 3pt auto; width: 25%"><div style="border-top: Black 1pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Check the appropriate box below if the Form&#160;8-K&#160;filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Wingdings"><span id="xdx_905_edei--WrittenCommunications_c20230118__20230118_z9vE2vCsQ3a8"><ix:nonNumeric contextRef="From2023-01-18to2023-01-18" format="ixt:booleanfalse" name="dei:WrittenCommunications">&#168;</ix:nonNumeric></span></span></td><td style="text-align: justify">Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)</td>
</tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Wingdings"><span id="xdx_90E_edei--SolicitingMaterial_c20230118__20230118_z179GOk0N2Cc"><ix:nonNumeric contextRef="From2023-01-18to2023-01-18" format="ixt:booleanfalse" name="dei:SolicitingMaterial">&#168;</ix:nonNumeric></span></span></td><td style="text-align: justify">Soliciting material pursuant to Rule&#160;14a-12&#160;under
the Exchange Act (17 CFR&#160;240.14a-12)</td>
</tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Wingdings"><span id="xdx_902_edei--PreCommencementTenderOffer_c20230118__20230118_z27nuJge5Eua"><ix:nonNumeric contextRef="From2023-01-18to2023-01-18" format="ixt:booleanfalse" name="dei:PreCommencementTenderOffer">&#168;</ix:nonNumeric></span></span></td><td style="text-align: justify">Pre-commencement&#160;communications pursuant to Rule&#160;14d-2(b)&#160;under
the Exchange Act (17 CFR&#160;240.14d-2(b))</td>
</tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><tr style="vertical-align: top; text-align: justify">
<td style="width: 0.25in"></td><td style="width: 0.25in; text-align: left"><span style="font-family: Wingdings"><span id="xdx_905_edei--PreCommencementIssuerTenderOffer_c20230118__20230118_zUwsE44d4yKb"><ix:nonNumeric contextRef="From2023-01-18to2023-01-18" format="ixt:booleanfalse" name="dei:PreCommencementIssuerTenderOffer">&#168;</ix:nonNumeric></span></span></td><td style="text-align: justify">Pre-commencement&#160;communications pursuant to Rule&#160;13e-4(c)&#160;under
the Exchange Act (17 CFR&#160;240.13e-4(c))</td>
</tr></table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">Securities registered
pursuant to Section&#160;12(b) of the Act:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; background-color: white; border-collapse: collapse">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: black 1pt solid; white-space: nowrap; padding-bottom: 1pt; font-size: 10pt; text-align: center; width: 34%"><span style="font-size: 10pt"><b>Title of each class</b></span></td>
    <td style="font-size: 10pt; text-align: justify">&#160;</td>
    <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; font-size: 10pt; text-align: center; width: 32%"><span style="font-size: 10pt"><b>Trading<br />
Symbol(s)</b></span></td>
    <td style="font-size: 10pt; text-align: justify; width: 1%">&#160;</td>
    <td style="border-bottom: black 1pt solid; text-align: center; width: 32%"><b>Name of each exchange<br />
on which registered</b></td></tr>
  <tr>
    <td style="vertical-align: top; font-size: 10pt; text-align: center"><b><span id="xdx_90F_edei--Security12bTitle_c20230118__20230118_z89fLVQvuhul"><ix:nonNumeric contextRef="From2023-01-18to2023-01-18" name="dei:Security12bTitle">Common Stock, $0.0001 par value</ix:nonNumeric></span></b></td>
    <td style="vertical-align: bottom; font-size: 10pt; text-align: justify">&#160;</td>
    <td style="vertical-align: top; font-size: 10pt; text-align: center"><b><span id="xdx_902_edei--TradingSymbol_c20230118__20230118_zajkZyb3Si71"><ix:nonNumeric contextRef="From2023-01-18to2023-01-18" name="dei:TradingSymbol">PLBY</ix:nonNumeric></span></b></td>
    <td style="vertical-align: bottom; font-size: 10pt; text-align: justify">&#160;</td>
    <td style="vertical-align: top; font-size: 10pt; text-align: center"><b><span id="xdx_90F_edei--SecurityExchangeName_c20230118__20230118_z5BBP1ZcEG2f"><ix:nonNumeric contextRef="From2023-01-18to2023-01-18" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName">Nasdaq Stock Market</ix:nonNumeric></span> </b></td></tr>
  </table>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule&#160;12b-2&#160;of
the Securities Exchange Act of 1934&#160;(&#167;240.12b-2&#160;of this chapter). Emerging growth company. <span style="font-family: Wingdings"><span id="xdx_902_edei--EntityEmergingGrowthCompany_c20230118__20230118_zc2PeD4ki8J6"><ix:nonNumeric contextRef="From2023-01-18to2023-01-18" format="ixt:booleanfalse" name="dei:EntityEmergingGrowthCompany">&#168;</ix:nonNumeric></span></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section&#160;13(a) of the Exchange Act. <span style="font-family: Wingdings">&#168;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>




<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></p>

<!-- Field: Rule-Page --><div style="margin-top: 3pt; margin-bottom: 12pt; width: 100%"><div style="border-top: Black 1pt solid; font-size: 1pt; border-bottom: Black 2pt solid">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></p>

<!-- Field: Page; Sequence: 1 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 12pt; margin-bottom: 6pt"><p style="text-align: left; margin-top: 0pt; margin-bottom: 0pt">&#160;</p></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&#160;</p>

<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">Item 1.01. Entry into a Material Definitive
Agreement.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0; text-indent: 0in"><span style="font-weight: normal">On January 18,
2023, PLBY Group, Inc. (the &#8220;<span style="text-decoration: underline">Company</span>&#8221;) entered into a Securities Purchase Agreement (the &#8220;<span style="text-decoration: underline">Securities Purchase
Agreement</span>&#8221;) with purchasers led by Michael Serruya at Serruya Private Equity and Broadband Capital Investments (the &#8220;<span style="text-decoration: underline">Purchasers</span>&#8221;)
for the sale of up to $25 million of shares of common stock of the Company, par value $0.0001 per share (the &#8220;<span style="text-decoration: underline">Common Stock</span>&#8221;
and, such investment, the &#8220;<span style="text-decoration: underline">Investment</span>&#8221;). The number of shares purchased by the Purchasers in the Investment (or issued
to the Purchasers in respect of the commitment fee described below) will be limited as necessary to comply with applicable Nasdaq rules.
The closing of the Investment is subject to certain closing conditions set forth in the Securities Purchase Agreement, including the closing
of the Company&#8217;s previously announced rights offering (the &#8220;<span style="text-decoration: underline">Rights Offering</span>&#8221;).</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0; text-indent: 0in"><span style="font-weight: normal">Pursuant to the
terms and subject to the conditions of the Securities Purchase Agreement, the Purchasers have agreed to purchase $15.0 million of shares
of Common Stock (the &#8220;<span style="text-decoration: underline">Initial Investment</span>&#8221;) and, to the extent that the Rights Offering is not fully subscribed, up
to an additional $10.0 million (the &#8220;<span style="text-decoration: underline">Backstop Investment</span>&#8221;) of shares of Common Stock, in each case at the Subscription
Price (as defined below) for the Rights Offering. The Subscription Price for the Rights Offering is a price per whole share of Common
Stock equal to the lesser of (i) $3.50 (the &#8220;<span style="text-decoration: underline">Initial Price</span>&#8221;) and (ii) eighty-five percent (85%) of the VWAP (as defined
below) of a share of Common Stock for the ten trading day period through and including January 20, 2023 (the lesser of (i) and (ii), the
&#8220;<span style="text-decoration: underline">Subscription Price</span>&#8221;), as further described in, and subject to the terms and other provisions set forth in, the Company&#8217;s
prospectus supplement filed with the Securities and Exchange Commission (the &#8220;<span style="text-decoration: underline">SEC</span>&#8221;) on January 9, 2023 (as it may be
amended or supplemented). &#8220;<span style="text-decoration: underline">VWAP</span>&#8221; means, for any trading day, the volume-weighted average price of a share of Common
Stock on the Nasdaq Global Market (&#8220;<span style="text-decoration: underline">Nasdaq</span>&#8221;), as reported by Bloomberg L.P. between 9:30 a.m. and 4:00 p.m., Eastern
Time, on such date. </span></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0; text-indent: 0in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><span style="font-weight: normal">Pursuant to the
Securities Purchase Agreement, the Company will also pay to the Purchasers (in cash or in additional shares of Common Stock at the Subscription
Price, or a combination thereof, at the election of each Purchaser), at the closing of the Initial Investment, a commitment fee equal
to $1.25 million, regardless of the aggregate amount purchased by the Purchasers (except that, if the Securities Purchase Agreement is
terminated in accordance with its terms, the commitment fee will be payable only in additional shares of Common Stock at a price equal
to the greater of (i) $2.50 and (ii) the Subscription Price).</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0; text-indent: 0in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><span style="font-weight: normal">While the Backstop
Investment will be consummated only to the extent that the Rights Offering is not fully subscribed, the Initial Investment will be consummated
upon the closing of the Rights Offering even if the Rights Offering is fully subscribed. Therefore, the Investment, together with the
Rights Offering, could result in the issuance by the Company of more than $50 million of Common Stock at the Subscription Price. Additionally,
the commitment fee, if paid in the form of additional shares of Common Stock, would result in the issuance of additional shares of Common
Stock. As a result, holders of Common Stock, including holders of subscription rights, may suffer further dilution as a result of the
Investment and the issuance of additional shares of Common Stock for payment of the commitment fee, in addition to the dilution resulting
from the Rights Offering. If the Rights Offering is fully subscribed and the commitment fee is paid only in additional shares of Common
Stock, the Company expects to issue a maximum of 18,928,571 shares of Common Stock, in the aggregate, subject to rounding, in connection
with the Rights Offering, the Initial Investment and the payment of the commitment fee, resulting in a total of 65,490,375 shares of Common
Stock outstanding (based on 46,561,804 shares of Common Stock issued and outstanding as of December 16, 2022), in each case, assuming
the Subscription Price is the Initial Price. To the extent that the Subscription Price is lower than the Initial Price, the maximum number of shares of Common Stock issuable would
be higher and the total number of shares of Common Stock outstanding after the Rights Offering, the Investment and the payment of the
commitment fee may be higher.</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0; text-indent: 0in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><span style="font-weight: normal">The Securities
Purchase Agreement contains customary representations and warranties and agreements of the Company and the Purchasers and customary indemnification
rights and obligations of the parties.</span></p>




<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0; text-indent: 0in"><span style="font-weight: normal">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><span style="font-weight: normal"></span></p>

<!-- Field: Page; Sequence: 2 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 12pt; margin-bottom: 6pt"><p style="text-align: left; margin-top: 0pt; margin-bottom: 0pt">&#160;</p></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><span style="font-weight: normal">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><span style="font-weight: normal">The Company intends
to use the net proceeds from the Investment, together with any proceeds from the Rights Offering, primarily for repayment of senior debt
under its credit agreement and, to the extent of any remaining net proceeds, for general corporate purposes. As previously disclosed,
in accordance with the credit agreement, (i) if the Company prepays an additional $25 million of borrowings under the credit agreement
(for an aggregate prepayment of $50 million, inclusive of the $25 million mandatory prepayment made in December 2022), the Company&#8217;s
compliance with the Total Net Leverage Ratio (as defined in the credit agreement) for all of 2023 would be waived, and the Total Net Leverage
Ratio covenant levels would be adjusted accordingly in subsequent periods, and (ii) if the Company prepays an additional $40 million of
borrowings under the credit agreement (for an aggregate prepayment of $65 million, inclusive of the mandatory prepayment), the Company&#8217;s
compliance with the Total Net Leverage Ratio covenant for all of 2023 and the first quarter of 2024 would be waived, and the Total Net
Leverage Ratio covenant levels would be adjusted accordingly in subsequent periods.</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0; text-indent: 0in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><span style="font-weight: normal">Suhail Rizvi, the
Company&#8217;s Chairman and Managing Director of Rizvi Traverse Management, the largest beneficial owner of the Company&#8217;s Common
Stock; Ben Kohn, the Company&#8217;s Chief Executive Officer; and funds managed by affiliates of Fortress Investment Group LLC, a significant
Company stockholder, have each indicated to the Company on a non-binding basis that they intend to participate in the rights offering.</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0; text-indent: 0in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><span style="font-weight: normal">The shares of Common
Stock offered pursuant to the Rights Offering and to be issued pursuant to the Investment are being offered and issued pursuant to the
Company&#8217;s existing effective shelf registration statement on Form S-3 (Reg. No. 333-267273) on file with the SEC.</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0; text-indent: 0in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><span style="font-weight: normal">Jefferies LLC is
acting as the dealer manager in connection with the Rights Offering and the exclusive placement agent for the Investment.</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A copy of the form of the Securities Purchase
Agreement is filed as Exhibit 10.1 hereto. The foregoing description of the Securities Purchase Agreement does not purport to be complete
and is qualified in its entirety by reference to the full text of the Securities Purchase Agreement.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: bold 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0; text-indent: 0in">Item 8.01. Other Events.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On January 18, 2023, the Company issued a press
release regarding the Investment. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated
herein by reference.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0; background-color: white"><b><i>Forward Looking Statements</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0; background-color: white">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">This report includes
&#8220;forward-looking statements&#8221; within the meaning of the &#8220;safe harbor&#8221; provisions of the United States Private Securities
Litigation Reform Act of 1995. The Company&#8217;s actual results may differ from their expectations, estimates, and projections and,
consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as &#8220;expect,&#8221;
&#8220;estimate,&#8221; &#8220;project,&#8221; &#8220;budget,&#8221; &#8220;forecast,&#8221; &#8220;anticipate,&#8221; &#8220;intend,&#8221;
&#8220;plan,&#8221; &#8220;may,&#8221; &#8220;will,&#8221; &#8220;could,&#8221; &#8220;should,&#8221; &#8220;believes,&#8221; &#8220;predicts,&#8221;
&#8220;potential,&#8221; &#8220;continue,&#8221; and similar expressions (or the negative versions of such words or expressions) are intended
to identify such forward-looking statements. These forward-looking statements include all statements other than historical fact, including,
without limitation, statements regarding the Rights Offering, the Investment, the Securities Purchase Agreement, the commitment fee, the
anticipated proceeds from the Rights Offering and the Investment and the use of such proceeds, and the Company&#8217;s plans, projections
and expectations regarding the Rights Offering, including the size, timing, price, and any intended participation of certain persons.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p>

<!-- Field: Page; Sequence: 3 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 12pt; margin-bottom: 6pt"><p style="text-align: left; margin-top: 0pt; margin-bottom: 0pt">&#160;</p></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="background-color: white">These
forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from
those discussed in the forward-looking statements. Factors that may cause such differences include prevailing market conditions,
whether stockholders of record will exercise their rights to purchase Common Stock and the amount subscribed, and whether the
Company will be able to successfully complete the Rights Offering and the Investment, in addition to (without limitation): (1) the
impact of the COVID-19 pandemic on the Company&#8217;s business and acquisitions; (2) the inability to maintain the listing of the
Common Stock on Nasdaq; (3) the risk that the Company&#8217;s business combination, acquisitions or any proposed transactions
disrupt the Company&#8217;s current plans and/or operations, including the risk that the Company does not complete any such proposed
transactions or achieve the expected benefits from them; (4) the ability to recognize the anticipated benefits of the business
combination, acquisitions, commercial collaborations, commercialization of digital assets and proposed transactions, which may be
affected by, among other things, competition, the ability of the Company to grow and manage growth profitably, and retain its key
employees; (5) costs related to being a public company, acquisitions, commercial collaborations and proposed transactions; (6)
changes in applicable laws or regulations; (7) the possibility that the Company may be adversely affected by global hostilities,
supply chain disruptions, inflation, interest rates, foreign currency exchange rates or other economic, business, and/or competitive
factors; (8) risks relating to the uncertainty of the projected financial information of the Company; (9) risks related to the
organic and inorganic growth of the Company&#8217;s business, and the timing of expected business milestones; and (10) other risks
and uncertainties indicated from time to time in the Company&#8217;s annual report on Form 10-K, including those under &#8220;Risk
Factors&#8221; therein, and in the Company&#8217;s other filings with the SEC. The Company cautions that the foregoing list of
factors is not exclusive, and readers should not place undue reliance upon any forward-looking statements, which speak only as of
the date which they were made. The Company does not undertake any obligation to update or revise any forward-looking statements to
reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is
based.</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">Item 9.01. Financial Statements and Exhibits.</p>

<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&#160;</p>

<p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><i>(d) Exhibits</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify; text-indent: 0in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify; text-indent: 0in"><span style="font-weight: normal; text-transform: none">The
following exhibits are filed herewith:</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify; text-indent: 0in">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="border-bottom: Black 1pt solid; width: 10%"><span style="background-color: white">Exhibit
    No.</span></td>
    <td style="padding-bottom: 1pt; width: 2%">&#160;</td>
    <td style="border-bottom: Black 1pt solid; width: 88%"><span style="background-color: white">Description</span></td></tr>
  <tr style="vertical-align: top">
    <td style="font-size: 10pt; text-align: justify"><a href="tm233762d1_ex10-1.htm" style="-sec-extract: exhibit">10.1</a></td>
    <td>&#160;</td>
    <td style="font-size: 10pt; text-align: justify"><a href="tm233762d1_ex10-1.htm" style="-sec-extract: exhibit">Securities Purchase Agreement, dated January 18, 2023</a></td></tr>
  <tr style="vertical-align: top">
    <td style="font-size: 10pt; text-align: justify">&#160;</td>
    <td>&#160;</td>
    <td style="font-size: 10pt; text-align: justify">&#160;</td></tr>
  <tr style="vertical-align: top">
    <td style="font-size: 10pt; text-align: justify"><a href="tm233762d1_ex99-1.htm" style="-sec-extract: exhibit">99.1</a></td>
    <td>&#160;</td>
    <td style="font-size: 10pt; text-align: justify"><a href="tm233762d1_ex99-1.htm" style="-sec-extract: exhibit">Press Release, dated January 18, 2023</a></td></tr>
  <tr style="vertical-align: top">
    <td style="font-size: 10pt; text-align: justify">&#160;</td>
    <td>&#160;</td>
    <td style="font-size: 10pt; text-align: justify">&#160;</td></tr>
  <tr style="vertical-align: top">
    <td style="font-size: 10pt; text-align: justify">104</td>
    <td>&#160;</td>
    <td style="font-size: 10pt; text-align: justify">Cover Page Interactive Data File (formatted as Inline XBRL and contained
in Exhibit 101)</td></tr>
  </table>

<p style="margin-top: 0; margin-bottom: 0">&#160;</p>

<p style="margin-top: 0; margin-bottom: 0"></p>

<!-- Field: Page; Sequence: 4 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 12pt; margin-bottom: 6pt"><p style="text-align: left; margin-top: 0pt; margin-bottom: 0pt">&#160;</p></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="margin-top: 0; margin-bottom: 0">&#160;</p>



<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>SIGNATURES</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%">
  <tr style="vertical-align: bottom">
    <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
    <td colspan="2" style="font: 10pt Times New Roman, Times, Serif">PLBY Group, Inc.</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
    <td colspan="2" style="font: 10pt Times New Roman, Times, Serif">&#160;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: 10pt Times New Roman, Times, Serif; width: 50%">&#160;</td>
    <td style="font: 10pt Times New Roman, Times, Serif; width: 3%">By:</td>
    <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%"> /s/ Chris Riley</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
    <td colspan="2" style="font: 10pt Times New Roman, Times, Serif">Name: Chris Riley</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
    <td colspan="2" style="font: 10pt Times New Roman, Times, Serif">Title: General Counsel and Secretary</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: 10pt Times New Roman, Times, Serif">&#160;</td>
    <td colspan="2" style="font: 10pt Times New Roman, Times, Serif">&#160;</td></tr>
  <tr style="vertical-align: bottom">
    <td style="font: 10pt Times New Roman, Times, Serif">Date: January 18, 2023</td>
    <td colspan="2" style="font: 10pt Times New Roman, Times, Serif">&#160;</td></tr>
  </table>


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>



<p style="margin: 0"></p>

<!-- Field: Page; Sequence: 5; Options: Last -->
    <div style="border-bottom: Black 1pt solid; margin-top: 12pt; margin-bottom: 6pt"><p style="text-align: left; margin-top: 0pt; margin-bottom: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="margin: 0">&#160;</p>

</body>
</html>
<!-- Field: Set; Name: xdx; ID: xdx_08B_extensions -->
<!-- eJxFjVEKwkAMRE/QO4T9ltqtitI/LSpiFSki/i42lcV2U7Jr1SN5S9cWMQRCmHkzQgzEmla6QobzIs/giHVTKYeQY4mM5oLekW62Cfib41Vbx8q47v2BKXkGPTMJ5VR5obO22mKRQCSHcjaMRxBNEjmG+U4EXz0lU+oCjdOqAmUKODA1rNEpfvUJR/UkQ/WrqzohW00mARlGvfyGOJIx7KlVD+KbhSxLRTDoJhBrpnvzrblbRzUsK6x9l+3R/wYfEhVJPg== -->
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>tm233762d1_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.1</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><I>EXECUTION VERSION</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-transform: uppercase; text-align: center; text-indent: -0.5in"><B>SECURITIES
PURCHASE AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-transform: uppercase; text-align: center; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Securities Purchase
Agreement (this &#8220;<U>Agreement</U>&#8221;) is dated as of January 18, 2023, between PLBY Group, Inc., a Delaware corporation (the
&#8220;<U>Company</U>&#8221;), and each purchaser identified on the signature pages hereto (each, including its successors and assigns,
a &#8220;<U>Purchaser</U>&#8221; and collectively the &#8220;<U>Purchasers</U>&#8221;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, on December 19,
2022, the Company commenced a $50 million rights offering (the &#8220;<U>Rights Offering</U>&#8221;), whereby the Company distributed
to holders of shares of Common Stock (as defined below) as of the record date therefor, non-transferable, non-tradeable rights to purchase
shares of Common Stock at the Per Share Purchase Price (as defined below), subject to pro rata allocation and certain ownership limitations
on the over-subscription privilege of eligible holders of shares of Common Stock, all as more fully described in the prospectus supplement
filed with the Commission (as defined below) on January 9, 2023 describing the Rights Offering (as the same may be amended or amended
and restated from time to time, the &#8220;<U>Rights Offering Prospectus Supplement</U>&#8221;); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, upon the terms and
subject to the conditions set forth in this Agreement and pursuant to an effective registration statement under the Securities Act (as
defined below), the Company desires to issue and sell to each Purchaser, and each Purchaser, severally and not jointly, desires to purchase
from the Company securities of the Company as more fully described in this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, IN CONSIDERATION
of the mutual covenants contained in this Agreement, and for other good and valuable consideration the receipt and adequacy of which
are hereby acknowledged, the Company and each Purchaser agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>ARTICLE I.</B><BR>
DEFINITIONS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Definitions</U>.
In addition to the terms defined elsewhere in this Agreement, for all purposes of this Agreement, the following terms have the meanings
set forth in this Section 1.1:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>Affiliate</U>&#8221;
means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common control
with a Person as such terms are used in and construed under Rule 405 under the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>Agreement</U>&#8221;
shall have the meaning ascribed to such term in the preamble to this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>Backstop
Closing</U>&#8221; means the closing of the purchase and sale of the Backstop Shares pursuant to Section 2.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>Backstop
Closing Date</U>&#8221; means the Trading Day upon which all conditions precedent to (i) the Purchasers&#8217; obligations to pay the
Backstop Subscription Amount and (ii) the Company&#8217;s obligations to deliver the Backstop Shares have been satisfied or waived.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>Backstop
Shares</U>&#8221; shall have the meaning ascribed to such term in Section 2.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>Backstop
Subscription Amount</U>&#8221; shall have the meaning ascribed to such term in Section 2.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>Board
of Directors</U>&#8221; means the board of directors of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>Business
Day</U>&#8221; means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day
on which banking institutions in the States of New York or California are authorized or required by law or other governmental action
to close.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>Closing</U>&#8221;
means, as the context may require, the Backstop Closing or the PIPE Closing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>Closing
Date</U>&#8221; means, as the context may require, the Backstop Closing Date or the PIPE Closing Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>Commission</U>&#8221;
means the United States Securities and Exchange Commission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>Commitment
Fee</U>&#8221; shall have the meaning ascribed to such term in Section 5.3.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>Common
Stock</U>&#8221; means the common stock of the Company, par value $0.0001 per share, and any other class of securities into which such
securities may hereafter be reclassified or changed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>Company</U>&#8221;
shall have the meaning ascribed to such term in the preamble to this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>Disclosure
Time</U>&#8221; means, (i) if this Agreement is signed on a day that is not a Trading Day or after 9:00 a.m. (New York City time) and
before midnight (New York City time) on any Trading Day, 9:01 a.m. (New York City time) on the Trading Day immediately following the
date hereof and (ii) if this Agreement is signed between midnight (New York City time) and 9:00 a.m. (New York City time) on any Trading
Day, no later than 9:01 a.m. (New York City time) on the date hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>Exchange
Act</U>&#8221; means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>Lien</U>&#8221;
means a lien, charge, pledge, security interest, encumbrance, right of first refusal, preemptive right or other restriction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>Material
Adverse Effect</U>&#8221; shall have the meaning assigned to such term in Section 3.1(c).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>Per Share
Purchase Price</U>&#8221; means the Subscription Price (as defined in the Rights Offering Prospectus Supplement provided that such definition
shall not be changed by the Company after the date hereof without the prior written consent of the Purchasers).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"></P>

<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>Person</U>&#8221;
means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability
company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>PIPE
Closing</U>&#8221; means the closing of the purchase and sale of the PIPE Shares pursuant to Section 2.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>PIPE
Closing Date</U>&#8221; means the Trading Day following the date upon which all conditions precedent to (i) the Purchasers&#8217; obligations
to pay the PIPE Subscription Amount and (ii) the Company&#8217;s obligations to deliver the PIPE Shares have been satisfied or waived
(or are capable of being satisfied or waived).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>PIPE
Shares</U>&#8221; shall have the meaning ascribed to such term in Section 2.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>PIPE
Subscription Amount</U>&#8221; shall have the meaning ascribed to such term in Section 2.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>Pro Rata
Portion</U>&#8221; means, as to each Purchaser, the percentage of the Subscription Amount to be paid for Shares purchased hereunder as
specified below such Purchaser&#8217;s name on the signature page of this Agreement and next to the heading &#8220;Pro Rata Portion,&#8221;
in United States dollars and in immediately available funds.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>Proceeding</U>&#8221;
means an action, claim, suit or proceeding before or by any court, arbitrator, governmental or administrative agency or regulatory authority
(federal, state, county, local or foreign).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>Prospectus</U>&#8221;
means the final base prospectus filed for the Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>Prospectus
Supplement</U>&#8221; means the supplement to the Prospectus complying with Rule 424(b) of the Securities Act that is filed with the
Commission with respect to the Shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>Purchaser</U>&#8221;
shall have the meaning ascribed to such term in the preamble to this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>Purchaser
Party</U>&#8221; shall have the meaning ascribed to such term in Section 4.5.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>Registration
Statement</U>&#8221; means the effective registration statement filed with the Commission (File No. 333-267273), including all information,
documents and exhibits filed with or incorporated by reference into such registration statement, which registers the sale of the Shares
to the Purchasers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>Required
Approvals</U>&#8221; shall have the meaning ascribed to such term in Section 3.1(d).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>Rights
Offering</U>&#8221; shall have the meaning ascribed to such term in the recitals to this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"></P>

<!-- Field: Page; Sequence: 3; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>Rights
Offering Prospectus Supplement</U>&#8221; shall have the meaning ascribed to such term in the recitals to this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>Rule
424</U>&#8221; means Rule 424 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended or interpreted
from time to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same purpose and effect
as such Rule.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>SEC Reports</U>&#8221;
shall have the meaning ascribed to such term in Section 3.1(g).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>Securities
Act</U>&#8221; means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>Share
Sale</U>&#8221; means the issuance and sale of the Shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>Shares</U>&#8221;
means the shares of Common Stock issued or issuable to each Purchaser pursuant to this Agreement, including, without limitation, any
shares of Common Stock issued in satisfaction of the Commitment Fee pursuant to the terms of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>Short
Sales</U>&#8221; means all &#8220;short sales&#8221; as defined in Rule 200 of Regulation SHO under the Exchange Act (but shall not be
deemed to include locating and/or borrowing shares of Common Stock).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>Standstill
Period</U>&#8221; shall have the meaning ascribed to such term in Section 4.8(a).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>Subsidiary</U>&#8221;
means any subsidiary of the Company as set forth in the SEC Reports and shall, where applicable, also include any direct or indirect
subsidiary of the Company formed or acquired after the date hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>Trading
Day</U>&#8221; means a day on which the principal Trading Market is open for trading.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>Trading
Market</U>&#8221; means any of the following markets or exchanges on which the Common Stock is listed or quoted for trading on the date
in question: the NYSE American, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market or the New York
Stock Exchange (or any successors to any of the foregoing).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&#8220;<U>Transfer
Agent</U>&#8221; means Continental Stock Transfer &amp; Trust Company, the current transfer agent of the Company and any successor transfer
agent of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"></P>

<!-- Field: Page; Sequence: 4; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>ARTICLE II.</B><BR>
PURCHASE AND SALE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Closing</U>.
Upon the terms and subject to the conditions set forth herein, the Company agrees to sell, and the Purchasers, severally and not
jointly, agree to purchase, (i) on the PIPE Closing Date, $15.0 million of Shares (the &#8220;<U>PIPE Subscription Amount</U>&#8221;
and such Shares, the &#8220;<U>PIPE Shares</U>&#8221;) and (ii) on the Backstop Closing Date, up to $10.0 million of Shares in
respect of any unsubscribed shares in the Rights Offering after giving effect to the valid exercise of, and subject to certain
ownership limitations on, the over-subscription privilege of eligible stockholders in the Rights Offering, in each case, at the Per
Share Purchase Price (the resulting aggregate amount, the &#8220;<U>Backstop Subscription Amount</U>&#8221; and such Shares, the
&#8220;<U>Backstop Shares</U>&#8221;); <U>provided</U>, that in no event shall the number of Shares to be issued and sold in respect
of the PIPE Subscription Amount or the Backstop Subscription Amount equal or exceed an amount that would require stockholder
approval under applicable rules of the Trading Market (and in such case the PIPE Subscription Amount and/or the Backstop
Subscription Amount, as applicable, shall be commensurately reduced in respect of any such Shares not issued and sold on account of
such limitation). The Company shall notify the Purchasers in writing at least one (1) Trading Day prior to the anticipated Backstop
Closing Date of the Backstop Subscription Amount as finally determined by the Company based on the results of the Rights Offering.
The Company shall deliver to each Purchaser its respective Shares and the Company and each Purchaser shall deliver the other items
set forth in Section 2.2 deliverable at each Closing. Upon satisfaction of the covenants and conditions set forth in Sections 2.2
and 2.3, the applicable Closing shall occur remotely or such other location as the parties shall mutually agree. Unless otherwise
directed by a Purchaser, settlement of the Shares shall occur via &#8220;Delivery Versus Payment&#8221; (i.e., on the Closing Date,
the Company shall electronically issue the Shares registered in the Purchasers&#8217; names and addresses and released by the
Transfer Agent directly to the account(s) identified by each Purchaser and payment therefor shall be made by the Purchaser by wire
transfer to the Company).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">2.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Deliveries</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>On or prior to the PIPE Closing Date, the Company shall deliver or cause to be delivered to each Purchaser the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the Company&#8217;s wire instructions, on Company letterhead and executed by an officer of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>a copy of the irrevocable instructions to the Transfer Agent instructing the Transfer Agent to deliver on an expedited basis via
The Depository Trust Company Deposit or Withdrawal at Custodian system Shares equal to (A) such Purchaser&#8217;s Pro Rata Portion of
(1) the PIPE Subscription Amount and (2) to the extent that the Purchaser has elected to receive the Commitment Fee in shares of Common
Stock pursuant to Section 5.3, the Commitment Fee, divided by (B) the Per Share Purchase Price, registered in the name of such Purchaser;
and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;to
the extent that the Purchaser has elected to receive the Commitment Fee in cash pursuant to Section 5.3, such Purchaser&#8217;s Pro Rata
Portion of the Commitment Fee by wire transfer of immediately available funds to the account designated in writing by such Purchaser
to the Company no later than two (2) Business Days prior to the PIPE Closing Date.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"></P>

<!-- Field: Page; Sequence: 5; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>On or prior to the PIPE Closing Date, each Purchaser shall deliver or cause to be delivered to the Company the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>such
Purchaser&#8217;s Pro Rata Portion of the PIPE Subscription Amount; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>wire instructions for any payment of the Commitment Fee to be made in cash.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>On or prior to the Backstop Closing Date, the Company shall deliver or cause to be delivered to each Purchaser the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the Company&#8217;s wire instructions, on Company letterhead and executed by an officer of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>a copy of the irrevocable instructions to the Transfer Agent instructing the Transfer Agent to deliver on an expedited basis via
The Depository Trust Company Deposit or Withdrawal at Custodian system Shares equal to (A) such Purchaser&#8217;s Pro Rata Portion of
the Backstop Subscription Amount, divided by (B) the Per Share Purchase Price, registered in the name of such Purchaser.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>On or prior to the Backstop Closing Date, each Purchaser shall deliver or cause to be delivered to the Company such Purchaser&#8217;s
Pro Rata Portion of the Backstop Subscription Amount.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">2.3<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Closing Conditions</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other
than with respect to the payment of the Commitment Fee, the obligations of the Company hereunder in connection with each Closing are
subject to the satisfaction or waiver of the following conditions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the accuracy in all material respects (or, to the extent representations or warranties are qualified by materiality, in all respects)
when made and on the applicable Closing Date of the representations and warranties of the Purchasers contained herein (unless as of a
specific date therein in which case they shall be accurate in all material respects (or, to the extent representations or warranties
are qualified by materiality, in all respects) as of such date);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>all obligations, covenants and agreements of each Purchaser required to be performed at or prior to the applicable Closing Date
shall have been performed in all material respects;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the delivery by each Purchaser of such Purchaser&#8217;s Pro Rata Portion of the PIPE Subscription Amount or the Backstop Subscription
Amount, as the case may be;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>in the case of the PIPE Shares, the expiration time of the Rights Offering having occurred without the Rights Offering being terminated;
and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>in the case of the Backstop Shares, the consummation of the Rights Offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"></P>

<!-- Field: Page; Sequence: 6; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The
respective obligations of the Purchasers hereunder in connection with each Closing are subject to the satisfaction or waiver of the following
conditions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the accuracy in all material respects (or, to the extent representations or warranties are qualified by materiality or Material
Adverse Effect, in all respects) when made and on the applicable Closing Date of the representations and warranties of the Company contained
herein (unless as of a specific date therein in which case they shall be accurate in all material respects (or, to the extent representations
or warranties are qualified by materiality or Material Adverse Effect, in all respects) as of such date);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>all obligations, covenants and agreements of the Company required to be performed at or prior to the applicable Closing Date shall
have been performed in all material respects;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>the delivery by the Company of the items set forth in Section 2.2(a) or Section 2.2(c), as applicable;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(iv)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>there shall have been no Material Adverse Effect since the date hereof; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">(v)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>from the date hereof to the applicable Closing Date, trading in the Common Stock shall not have been suspended by the Commission
or the Company&#8217;s principal Trading Market, and, at any time prior to the applicable Closing Date, trading in securities generally
as reported by Bloomberg L.P. shall not have been suspended or limited, or minimum prices shall not have been established on securities
whose trades are reported by such service, or on any Trading Market, nor shall a banking moratorium have been declared either by the
United States or New York State authorities nor shall there have occurred any material outbreak or escalation of hostilities or other
national or international calamity of such magnitude in its effect on, or any material adverse change in, any financial market which,
in each case, in the reasonable judgment of such Purchaser, makes it impracticable or inadvisable to purchase the PIPE Shares or the
Backstop Shares, as the case may be, at the applicable Closing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>ARTICLE III.</B><BR>
REPRESENTATIONS AND WARRANTIES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Representations and Warranties of the Company</U>. The Company hereby makes the following representations and warranties to
each Purchaser:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Organization</U>. The Company is duly incorporated, validly existing and in good standing under the laws of the State of Delaware,
with the requisite power and authority to own and use its properties and assets and to carry on its business as currently conducted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"></P>

<!-- Field: Page; Sequence: 7; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Authorization;
Enforcement</U>. The Company has the requisite corporate power and authority to enter into this Agreement and to carry out its
obligations hereunder. The execution and delivery by the Company of this Agreement and the consummation by the Company of the Share
Sale have been duly authorized by all necessary action on the part of the Company and no further action is required by the Company,
the Board of Directors or the Company&#8217;s stockholders in connection herewith or therewith other than in connection with the
Required Approvals. This Agreement has been duly executed by the Company and constitutes the valid and binding obligation of the
Company enforceable against the Company in accordance with its terms, except (i) as limited by general equitable principles and
applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting enforcement of
creditors&#8217; rights generally, (ii) as limited by laws relating to the availability of specific performance, injunctive relief
or other equitable remedies and (iii) insofar as indemnification and contribution provisions may be limited by applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>No Conflicts</U>. The execution, delivery and performance by the Company of this Agreement and the consummation by the Company
of the Share Sale does not and will not (i) conflict with or violate any provision of the Company&#8217;s certificate of incorporation
or bylaws, (ii) conflict with, or constitute a default (or an event that with notice or lapse of time or both would become a default)
under, result in the creation of any Lien upon any of the properties or assets of the Company or any Subsidiary, or give to others any
rights of termination, amendment, anti-dilution or similar adjustments, acceleration or cancellation (with or without notice, lapse of
time or both) of, any agreement, credit facility, debt or other instrument (evidencing a Company or Subsidiary debt or otherwise) or
other understanding to which the Company or any Subsidiary is a party or by which any property or asset of the Company or any Subsidiary
is bound or affected, or (iii) subject to the Required Approvals, conflict with or result in a violation of any law, rule, regulation,
order, judgment, injunction, decree or other restriction of any court or governmental authority to which the Company or a Subsidiary
is subject (including federal and state securities laws and regulations), or by which any property or asset of the Company or a Subsidiary
is bound or affected, except, in the case of each of clauses (ii) and (iii), as would not reasonably be expected to result in (x) a material
adverse effect on the legality, validity or enforceability of this Agreement, (y) a material adverse effect on the results of operations,
business, prospects or financial condition of the Company and the Subsidiaries, taken as a whole, or (z) a material adverse effect on
the Company&#8217;s ability to perform in any material respect on a timely basis its obligations under this Agreement (any of clause
(x), (y) or (z), a &#8220;<U>Material Adverse Effect</U>&#8221;; <U>provided</U>, that in no event shall a change in the market price
per share of Common Stock alone constitute a Material Adverse Effect).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Filings, Consents and Approvals</U>. The Company is not required to obtain any consent, waiver, authorization or order of,
give any notice to, or make any filing or registration with, any court or other federal, state, local or other governmental authority
or other Person in connection with the execution, delivery and performance by the Company of this Agreement, other than (i) the filings
required pursuant to Section 4.2, (ii) the filing with the Commission of the Prospectus Supplement, (iii) application(s) to each applicable
Trading Market for the listing of the Shares for trading thereon in the time and manner required thereby, (iv) such filings as are required
to be made under applicable state securities laws and (v) such consents, waivers, authorizations, orders, notices, filings or registrations
the failure of which to obtain or make would not reasonably be expected to result in a Material Adverse Effect (collectively, the &#8220;<U>Required
Approvals</U>&#8221;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"></P>

<!-- Field: Page; Sequence: 8; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Issuance
of the Shares; Registration</U>. The Shares are duly authorized and, when issued and paid for in accordance with this Agreement, will
be duly and validly issued, fully paid and nonassessable, free and clear of all Liens imposed by the Company. The Company has reserved
from its duly authorized capital stock the maximum number of shares of Common Stock issuable pursuant to this Agreement. The Company
has prepared and filed the Registration Statement in conformity with the requirements of the Securities Act, which became effective on&nbsp;September
13, 2022, including the Prospectus, and such amendments and supplements thereto as may have been required to the date of this Agreement.
The Shares will be issued pursuant to the Registration Statement and the sale of the Shares is registered thereunder. The Company was
at the time of the filing of the Registration Statement, and is as of the date hereof, eligible to use Form S-3. The Registration Statement
is effective under the Securities Act and no stop order preventing or suspending the effectiveness of the Registration Statement or suspending
or preventing the use of the Prospectus has been issued by the Commission and no proceedings for that purpose have been instituted or,
to the knowledge of the Company, are threatened by the Commission. At the time the Registration Statement and any amendments thereto
became effective, at the date of this Agreement and at the applicable Closing Date, the Registration Statement and any amendments thereto
conformed and will conform in all material respects to the requirements of the Securities Act and did not and will not contain any untrue
statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein
not misleading; and the Prospectus and any amendments or supplements thereto, at the time the Prospectus or any amendment or supplement
thereto was issued and at the applicable Closing Date, conformed and will conform in all material respects to the requirements of the
Securities Act and did not and will not contain an untrue statement of a material fact or omit to state a material fact necessary in
order to make the statements therein, in the light of the circumstances under which they were made, not misleading. Except as disclosed
in the Registration Statement, the Rights Offering Prospectus Supplement and the Prospectus, there are no outstanding options, warrants,
rights to subscribe to, calls or commitments of any character whatsoever relating to, or securities, rights or obligations convertible
into or exercisable or exchangeable for, or giving any Person any right to subscribe for or acquire, any shares of Common Stock, or contracts,
commitments, understandings or arrangements by which the Company is or may become bound to issue additional shares of Common Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Capitalization</U>. The issued and outstanding capitalization of the Company as of September 30, 2022 set forth in the Quarterly
Report on Form 10-Q filed by the Company with the Commission on November 9, 2022 was accurate in all material respects as of September
30, 2022. All of the outstanding shares of capital stock of the Company are duly authorized, validly issued, fully paid and nonassessable,
have been issued in compliance in all material respects with all federal and state securities laws, and none of such outstanding shares
was issued in violation of any preemptive rights or similar rights to subscribe for or purchase securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in"></P>

<!-- Field: Page; Sequence: 9; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>SEC
Reports</U>. The Company has filed all reports, schedules, forms, statements and other documents required to be filed by the Company
under the Securities Act and the Exchange Act, including pursuant to Section 13(a) or 15(d) thereof, from February 10, 2021 to the
date hereof (the foregoing materials, including the exhibits thereto and documents incorporated by reference therein, together with
the Prospectus, being collectively referred to herein as the &#8220;<U>SEC Reports</U>&#8221;) on a timely basis or has received a
valid extension of such time of filing and has filed any such SEC Reports prior to the expiration of any such extension. As of their
respective dates, the SEC Reports complied in all material respects with the requirements of the Securities Act and the Exchange
Act, as applicable, and none of the SEC Reports, when filed, contained any untrue statement of a material fact or omitted to state a
material fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances
under which they were made, not misleading.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">(h)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Litigation</U>. Except as disclosed in the SEC Reports, there is no Proceeding pending or, to the knowledge of the Company,
threatened against or affecting the Company, any Subsidiary or any of their respective properties that (i) adversely affects or challenges
the legality, validity or enforceability of this Agreement or the Shares or (ii) would, if there were an unfavorable decision, reasonably
be expected to result in a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">(i)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Certain Fees</U>. Except for the fee payable to Jefferies LLC pursuant to that certain Engagement Letter, dated as of December
6, 2022, by and between the Company and Jefferies LLC, as amended and/or restated from time to time, no brokerage or finder&#8217;s fees
or commissions are or will be payable by the Company or any Subsidiary to any broker, financial advisor or consultant, finder, placement
agent, investment banker, bank or other Person with respect to the Share Sale.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">(j)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Investment Company</U>. The Company is not, and immediately after receipt of payment for the Shares will not be, an &#8220;investment
company&#8221; within the meaning of the Investment Company Act of 1940, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">(k)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Manipulation of Price</U>. The Company has not taken, and, to the Company&#8217;s knowledge, no Person acting on its behalf
has taken, directly or indirectly, any action designed to cause or to result in the stabilization or manipulation of the price of any
security of the Company to facilitate the sale or resale of any of the Shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0in">(l)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>No Integrated Offering</U>. Assuming the accuracy of the Purchasers&#8217; representations and warranties set forth in Section
3.2, neither the Company, nor any of its Affiliates, nor any Person acting on its or their behalf has, directly or indirectly, made any
offers or sales of any security or solicited any offers to buy any security, under circumstances that would cause this offering of the
Shares to be integrated with prior offerings by the Company for purposes of any applicable shareholder approval provisions of any Trading
Market on which any of the securities of the Company are listed or designated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"></P>

<!-- Field: Page; Sequence: 10; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Representations and Warranties of the Purchasers</U>. Each Purchaser, for itself and for no other Purchaser, hereby represents
and warrants as of the date hereof and as of the applicable Closing Date to the Company as follows (unless as of a specific date therein,
in which case they shall be accurate as of such date):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21pt; text-align: justify; text-indent: 51pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Organization;
Authority</U>. Such Purchaser is either an individual or an entity duly incorporated or formed, validly existing and in good standing
under the laws of the jurisdiction of its incorporation or formation with full right, corporate, partnership, limited liability company
or similar power and authority to enter into and to consummate the transactions contemplated by this Agreement and otherwise to carry
out its obligations hereunder. The execution and delivery of this Agreement and performance by such Purchaser of the transactions contemplated
by this Agreement have been duly authorized by all necessary corporate, partnership, limited liability company or similar action, as
applicable, on the part of such Purchaser. This Agreement has been duly executed by such Purchaser and constitutes the valid and legally
binding obligation of such Purchaser, enforceable against such Purchaser in accordance with its terms, except (i) as limited by general
equitable principles and applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting
enforcement of creditors&#8217; rights generally, (ii) as limited by laws relating to the availability of specific performance, injunctive
relief or other equitable remedies and (iii) insofar as indemnification and contribution provisions may be limited by applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21pt; text-align: justify; text-indent: 51pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21pt; text-align: justify; text-indent: 51pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Understandings or Arrangements</U>. Such Purchaser is acquiring the Shares as principal for its own account and has no direct
or indirect arrangement or understandings with any other persons to distribute or regarding the distribution of such Shares (this representation
and warranty not limiting such Purchaser&#8217;s right to sell the Shares pursuant to the Registration Statement or otherwise in compliance
with applicable federal and state securities laws). Such Purchaser is acquiring the Shares hereunder in the ordinary course of its business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21pt; text-align: justify; text-indent: 51pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21pt; text-align: justify; text-indent: 51pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Purchaser Status</U>. At the time such Purchaser was offered the Shares, it was, and as of the date hereof it is, either (i)
an &#8220;accredited investor&#8221; as defined in Rule 501(a) under the Securities Act or (ii) a &#8220;qualified institutional buyer&#8221;
as defined in Rule 144A(a) under the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21pt; text-align: justify; text-indent: 51pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21pt; text-align: justify; text-indent: 51pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Experience of Such Purchaser</U>. Such Purchaser, either alone or together with its representatives, has such knowledge, sophistication
and experience in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment
in the Shares, and has so evaluated the merits and risks of such investment. Such Purchaser is able to bear the economic risk of an investment
in the Shares and, at the present time, is able to afford a complete loss of such investment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21pt; text-align: justify; text-indent: 51pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21pt; text-align: justify; text-indent: 51pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Access
to Information; Reliance</U>. Such Purchaser acknowledges that it has had the opportunity to review this Agreement and the SEC
Reports and has been afforded (i) the opportunity to ask such questions as it has deemed necessary of, and to receive answers from,
representatives of the Company concerning the terms and conditions of the offering of the Shares and the merits and risks of
investing in the Shares, (ii) access to information about the Company and its financial condition, results of operations, business,
properties, management and prospects sufficient to enable it to evaluate its investment and (iii) the opportunity to obtain such
additional information that the Company possesses or can acquire without unreasonable effort or expense that is necessary to make an
informed investment decision with respect to the investment. In making its decision to invest in the Shares, such Purchaser has
relied solely upon independent investigations made by such Purchaser and its representatives and the representations and
warranties of the Company in Section 3.1. Without limiting the generality of the foregoing, such Purchaser has not relied on any
statements or other information provided by or on behalf of the Company (other than those representations, warranties, covenants and
agreements of the Company expressly set forth in Section 3.1 and the SEC Reports) or any of its Affiliates or any control persons,
officers, directors, employees, agents or representatives of any of the foregoing concerning the Company, the transactions
contemplated hereby, the Shares or the offer and sale of the Shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"></P>

<!-- Field: Page; Sequence: 11; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21pt; text-align: justify; text-indent: 51pt">(f)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Beneficial Ownership</U>. As of the date hereof, no Purchaser beneficially owns any shares of Common Stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21pt; text-align: justify; text-indent: 51pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21pt; text-align: justify; text-indent: 51pt">(g)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Certain Transactions and Confidentiality</U>. Other than consummating the Share Sale, such Purchaser and its Affiliates have
not, nor has any Person acting on behalf of or pursuant to any understanding with such Purchaser or its Affiliates, directly or indirectly
executed any purchases or sales, including Short Sales,&nbsp;of the securities of the Company (including derivative securities representing
the right to vote or economic benefit of any such securities) during the period commencing as of the time that such Purchaser first entered
into discussions with the Company or any other Person with respect to the Share Sale and ending immediately prior to the execution hereof.
Other than to other Persons party to this Agreement or to such Purchaser&#8217;s representatives, including, without limitation, its
officers, directors, partners, legal and other advisors, employees, agents and Affiliates, such Purchaser has maintained the confidentiality
of all disclosures made to it in connection with this Agreement (including the existence and terms of the Share Sale). Notwithstanding
the foregoing, for the avoidance of doubt, nothing contained in this Section 3.2(g) shall constitute a representation or warranty, or
preclude any actions, with respect to locating or borrowing shares in order to effect Short Sales or similar transactions in the future.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21pt; text-align: justify; text-indent: 51pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>ARTICLE IV.</B><BR>
OTHER AGREEMENTS OF THE PARTIES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Furnishing of Information</U>. For the twelve (12) months following the date of this Agreement, the Company covenants to use
reasonable best efforts to timely file (or obtain extensions in respect thereof and file within the applicable grace period) all reports
required to be filed by the Company after the date hereof pursuant to the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Securities
Laws Disclosure; Publicity</U>. The Company shall (a) by the Disclosure Time, issue a press release disclosing the material terms of
the Share Sale, (b) file a Current Report on Form 8-K with the Commission within the time required by the Exchange Act and (c) if
required by the rules and regulations of the Commission, file the Prospectus Supplement with the Commission pursuant to Rule 424(b)
following the consummation of the Rights Offering. From and after the issuance of such press release, the Company represents to the
Purchasers that it shall have publicly disclosed all material, non-public information delivered to any of the Purchasers by the
Company, any Subsidiary or any of their respective officers, directors, employees or agents in connection with the Share Sale. In
addition, effective upon the issuance of such press release, the Company acknowledges and agrees that any and all confidentiality or
similar obligations under any agreement, whether written or oral, between the Company, any Subsidiary or any of their respective
officers, directors, agents, employees or Affiliates on the one hand, and any of the Purchasers or any of their Affiliates on the
other hand, shall terminate. The Company and each Purchaser shall consult with each other in issuing any other press releases with
respect to the Share Sale, and neither the Company nor any Purchaser shall issue any such press release nor otherwise make any such
public statement without the prior written consent of the Company, with respect to any press release of any Purchaser, or without
the prior written consent of each Purchaser, with respect to any press release of the Company (other than the press release
described in the first sentence of this Section 4.2), which consent shall not unreasonably be withheld, conditioned or delayed,
except if such disclosure is required by law, in which case the disclosing party shall promptly provide the other party with prior
notice of such public statement or communication, or if such disclosure is consistent with the Form 8-K. Notwithstanding the
foregoing, the Company shall not publicly disclose the name of any Purchaser, or include the name of any Purchaser in any filing
with the Commission or any regulatory agency or Trading Market, without the prior written consent of such Purchaser, except (a) as
required by federal securities law in connection with the filing of this Agreement with the Commission and (b) to the extent such
disclosure is required by law or Trading Market regulations, in which case the Company shall provide the Purchasers with prior
notice of such disclosure permitted under this clause (b).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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

<!-- Field: Page; Sequence: 12; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.3<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Shareholder Rights Plan</U>. No claim will be made or enforced by the Company or, with the consent of the Company, any other
Person, that any Purchaser is an &#8220;acquiring person&#8221; under any control share acquisition, business combination, poison pill
(including any distribution under a rights agreement) or similar anti-takeover plan or arrangement in effect or hereafter adopted by
the Company, or that any Purchaser could be deemed to trigger the provisions of any such plan or arrangement, by virtue of receiving
Shares under this Agreement or under any other agreement between the Company and the Purchasers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.4<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Non-Public Information</U>. Except with respect to the material terms and conditions of the Share Sale, which shall be disclosed
pursuant to Section 4.2, the Company covenants and agrees that neither it, nor any other Person acting on its behalf, will provide any
Purchaser or its agents or counsel with any information that constitutes, or the Company reasonably believes constitutes, material non-public
information, unless prior thereto such Purchaser shall have consented to the receipt of such information and agreed with the Company
to keep such information confidential. To the extent that the Company delivers any material, non-public information to a Purchaser without
such Purchaser&#8217;s consent, the Company hereby covenants and agrees that such Purchaser shall not have any duty of confidentiality
to the Company, any Subsidiary or any of their respective officers, directors, agents, employees or Affiliates, or a duty to the Company,
any Subsidiary or any of their respective officers, directors, agents, employees or Affiliates not to trade on the basis of, such material,
non-public information, provided that the Purchaser shall remain subject to applicable law. The Company understands and confirms that
each Purchaser shall be relying on the foregoing covenant in effecting transactions in securities of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"></P>

<!-- Field: Page; Sequence: 13; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.5<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Indemnification
of Purchasers</U>. Subject to the provisions of this Section 4.5, the Company will indemnify and hold each Purchaser and its
directors, officers, shareholders, members, partners, employees and agents (and any other Persons with a functionally equivalent
role of a Person holding such titles notwithstanding a lack of such title or any other title), each Person who controls such
Purchaser (within the meaning of Section 15 of the Securities Act and Section 20 of the Exchange Act), and the directors, officers,
shareholders, agents, members, partners or employees (and any other Persons with a functionally equivalent role of a Person
holding such titles notwithstanding a lack of such title or any other title) of such controlling persons (each, a &#8220;<U>Purchaser Party</U>&#8221;) harmless from any and all losses, liabilities, obligations, claims, contingencies, damages, costs and expenses,
including all judgments, amounts paid in settlements, court costs and reasonable attorneys&#8217; fees and costs of investigation
that any such Purchaser Party may suffer or incur as a result of or relating to (a) any breach of any of the representations,
warranties, covenants or agreements made by the Company in this Agreement or (b) any action instituted against the Purchaser Parties
in any capacity, or any of them or their respective Affiliates, by any stockholder of the Company who is not an Affiliate of such
Purchaser Party, with respect to the Share Sale (except to the extent that such action is based upon a material breach of such
Purchaser Party&#8217;s representations, warranties or covenants under this Agreement or any agreements or understandings such
Purchaser Party may have with any such stockholder or any violations by such Purchaser Party of state or federal securities laws or
any conduct by such Purchaser Party which is finally judicially determined to constitute fraud, gross negligence or willful
misconduct). If any action shall be brought against any Purchaser Party in respect of which indemnity may be sought pursuant to this
Agreement, such Purchaser Party shall promptly notify the Company in writing, and the Company shall have the right to assume the
defense thereof with counsel of its own choosing reasonably acceptable to the Purchaser Party. Any Purchaser Party shall have the
right to employ separate counsel in any such action and participate in the defense thereof, but the fees and expenses of such
counsel shall be at the expense of such Purchaser Party except to the extent that (x) the employment thereof has been specifically
authorized by the Company in writing, (y) the Company has failed after a reasonable period of time to assume such defense and to
employ counsel or (z) in such action there is, in the reasonable opinion of counsel, a material conflict on any material issue
between the position of the Company and the position of such Purchaser Party, in which case the Company shall be responsible for the
reasonable and documented fees and expenses of no more than one such separate counsel. The Company will not be liable to any
Purchaser Party under this Agreement (1) for any settlement by a Purchaser Party effected without the Company&#8217;s prior written
consent, which shall not be unreasonably withheld, conditioned or delayed; or (2) to the extent, but only to the extent, that a
loss, claim, damage or liability is attributable to any Purchaser Party&#8217;s breach of any of the representations, warranties,
covenants or agreements made by such Purchaser Party in this Agreement or any violations by such Purchaser Party of state or federal
securities laws or any conduct by such Purchaser Party which is finally judicially determined to constitute fraud, gross negligence
or willful misconduct.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.6<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Listing
of Common Stock</U>. The Company hereby agrees to use reasonable best efforts to maintain the listing or quotation of the Common
Stock on the principal Trading Market on which it is currently listed, and concurrently with the applicable Closing, the Company
shall apply to list or quote all of the Shares on such Trading Market and promptly secure the listing of all of the Shares on such
Trading Market. The Company further agrees, if the Company applies to have the Common Stock traded on any other Trading Market, it
will then include in such application all of the Shares, and will take such other action as is necessary to cause all of the Shares
to be listed or quoted on such other Trading Market as promptly as possible. The Company will then take all action reasonably
necessary to continue the listing and trading of its Common Stock on a Trading Market and will comply in all respects with the
Company&#8217;s reporting, filing and other obligations under the bylaws or rules of the Trading Market. The Company agrees to
maintain the eligibility of the Common Stock for electronic transfer through The Depository Trust Company or another established
clearing corporation, including, without limitation, by timely payment of fees to The Depository Trust Company or such other
established clearing corporation in connection with such electronic transfer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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

<!-- Field: Page; Sequence: 14; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.7<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Certain Transactions and Confidentiality</U>. Each Purchaser, severally and not jointly with the other Purchasers, covenants
that neither it nor any Affiliate or any other Person acting on any of their behalf or pursuant to any understanding with any of them
will execute any purchases or sales, including Short Sales, of any of the Company&#8217;s securities (including derivative securities
representing the right to vote or economic benefit of any such securities) during the period commencing with the execution of this Agreement
and ending at the earlier of the termination or the consummation of the Rights Offering.&nbsp; Each Purchaser, severally and not jointly
with the other Purchasers, covenants that until such time as the Share Sale is publicly disclosed by the Company pursuant to the initial
press release as described in Section 4.2, such Purchaser will maintain the confidentiality of the existence and terms of the Share Sale.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">4.8<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Standstill</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 40.5pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>From the date hereof through the second anniversary of the PIPE Closing Date (the &#8220;<U>Standstill Period</U>&#8221;), each
Purchaser hereby agrees that neither such Purchaser nor any of its Affiliates will, without the prior written consent of the Company,
directly or indirectly: (i) effect, offer or publicly propose to effect, or cause or participate in or in any way knowingly advise, assist
or encourage any other person to effect, offer or publicly propose to effect or participate in, (A) any acquisition of shares of Common
Stock or of any rights, warrants or options to acquire, or securities convertible into or exchangeable or exercisable for, any shares
of Common Stock (including derivative securities representing the right to vote or economic benefit of any shares of Common Stock), in
each case, that would result in the Purchasers and their Affiliates jointly holding more than the total number of shares of Common Stock
(or beneficial ownership thereof) acquired by the Purchasers in the Share Sale (including any paid as part of the Commitment Fee), plus
5% of the total number of shares of Common Stock (or beneficial ownership thereof) pro forma for the Rights Offering and the Share Sale,
in each case, subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions
of the Common Stock that occur after the date hereof; (B) any tender or exchange offer, merger or other business combination involving
the Company or any of its subsidiaries; (C) any liquidation or dissolution with respect to the Company or any of its subsidiaries; or
(D) any &#8220;solicitation&#8221; of &#8220;proxies&#8221; (as such terms are used in the proxy rules of the Commission) or consents
to vote any voting securities of the Company; (ii) form, join or in any way participate in a &#8220;group&#8221; (as defined under the
Exchange Act) with respect to any securities of the Company (other than with each other and with their Affiliates); (iii) otherwise act,
alone or in concert with others, to seek to control the Board of Directors or the management or policies of the Company; (iv) take any
action that would reasonably be expected to force the Company to make a public announcement regarding any of the types of matters set
forth in clause (i) above; or (v) enter into any discussions or arrangements with any third party with respect to any of the foregoing.
Following the expiration of the Standstill Period, the foregoing restrictions shall terminate and cease to be of any further force or
effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 40.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 40.5pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Notwithstanding
anything to the contrary contained in this Agreement, if, at any time during the Standstill Period, a party that is not a Purchaser
or any of its Affiliates (i) enters into an agreement with the Company contemplating the acquisition (by way of merger, tender offer
or otherwise) of, or (ii) commences a tender offer, which was approved by the Board of Directors and is made to all stockholders of
the Company for, in each case, at least 50% of the outstanding capital stock of the Company or all or substantially all of the
assets of the Company and its Subsidiaries, taken as a whole, then the restrictions set forth in this Section 4.8 shall be suspended
and cease to be of any further force or effect until the expiration or termination of such agreement or tender offer or until the
public announcement of its withdrawal or abandonment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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

<!-- Field: Page; Sequence: 15; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->15<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 40.5pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Notwithstanding the foregoing, nothing in this Section 4.8 shall be construed to prevent any Purchaser from making any non-public
proposal or offer regarding a transaction of the type that would otherwise be prohibited by Section 4.8(a) directly to the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 40.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>ARTICLE V.</B><BR>
MISCELLANEOUS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5.1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Termination</U>.&nbsp; This Agreement may be terminated (a) by mutual written consent of the Company and the Purchasers and
(b) by the Company, on the one hand, or the Purchasers, on the other hand, if the PIPE Closing shall not have occurred on or prior to
February 17, 2023; <U>provided</U>, that the right to terminate this Agreement under clause (b) shall not be available to any party whose
failure to fulfill any obligation under this Agreement shall have been the cause of, or shall have resulted in, the failure of the PIPE
Closing to occur on or prior to such date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5.2<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Fees and Expenses</U>. Each party shall pay the fees and expenses of its advisers, counsel, accountants and other experts,
if any, and all other expenses incurred by such party incident to the negotiation, preparation, execution, delivery and performance of
this Agreement; <U>provided</U>, that, upon the earlier of the PIPE Closing and the termination of this Agreement in accordance with
its terms, the Company shall pay external counsel to the lead Purchaser an amount not to exceed $50,000 upon receipt from such counsel
of an invoice for such Purchaser&#8217;s reasonable and documented legal fees and expenses incident to the negotiation, preparation,
execution, delivery and performance of this Agreement. The Company shall pay all Transfer Agent fees (including, without limitation,
any fees required for same-day processing of any instruction letter delivered by the Company), stamp taxes and other taxes and duties
levied in connection with the delivery of any Shares to the Purchasers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5.3<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Commitment Fee</U>. On the PIPE Closing Date, the Company will pay to each Purchaser its Pro Rata Portion of an aggregate commitment
fee equal to $1.25 million (the &#8220;<U>Commitment Fee</U>&#8221;) payable, at such Purchaser&#8217;s election, in cash or shares of
Common Stock (at the Per Share Purchase Price) or a combination thereof. If this Agreement is validly terminated pursuant to Section
5.1, the Commitment Fee shall be payable only in shares of Common Stock and the number of shares of Common Stock to be issued shall be
equal to the Commitment Fee divided by the greater of (i) the price that would have been the Per Share Purchase Price had the Rights
Offering been consummated and (ii) $2.50. In no event shall the Company pay (i) the Commitment Fee in shares of Common Stock to the extent
that the number of Shares to be issued in respect of the Commitment Fee would equal or exceed an amount that would require stockholder
approval under applicable rules of the Trading Market (and in such case the cash portion of the Commitment Fee shall be commensurately
increased in respect of any such Shares not issued and sold on account of such limitation) or (ii) any Purchaser its Pro Rata Portion
of the Commitment Fee if this Agreement was terminated due to such Purchaser&#8217;s material breach of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"></P>

<!-- Field: Page; Sequence: 16; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->16<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5.4<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Entire
Agreement</U>. This Agreement contains the entire understanding of the parties with respect to the subject matter hereof and supersedes
all prior agreements and understandings, oral or written, with respect to such matters, which the parties acknowledge have been merged
into this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5.5<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Notices</U>. Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall
be in writing and shall be deemed given and effective on the earliest of: (a) the time of transmission, if such notice or communication
is delivered via email attachment at the email address as set forth on the signature pages attached hereto at or prior to 5:30 p.m. (New
York City time) on a Trading Day, (b) the next Trading Day after the time of transmission, if such notice or communication is delivered
via email attachment at the email address as set forth on the signature pages attached hereto on a day that is not a Trading Day or later
than 5:30 p.m. (New York City time) on any Trading Day, (c) the second (2<SUP>nd</SUP>) Trading Day following the date of mailing, if
sent by U.S. nationally recognized overnight courier service or (d) upon actual receipt by the party to whom such notice is required
to be given. The address for such notices and communications shall be as set forth on the signature pages attached hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5.6<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Amendments; Waivers</U>. No provision of this Agreement may be waived, modified, supplemented or amended except in a written
instrument signed, in the case of an amendment, by the Company and Purchasers that purchased (or are obligated to purchase) at least
50.1% in interest of the Shares based on the Pro Rata Portions hereunder or, in the case of a waiver, by the party against whom enforcement
of any such waived provision is sought, provided that if any amendment, modification or waiver disproportionately and adversely impacts
a Purchaser (or group of Purchasers), the consent of at least 50.1% in interest of such disproportionately impacted Purchaser (or group
of Purchasers) shall also be required. No waiver of any default with respect to any provision, condition or requirement of this Agreement
shall be deemed to be a continuing waiver in the future or a waiver of any subsequent default or a waiver of any other provision, condition
or requirement hereof, nor shall any delay or omission of any party to exercise any right hereunder in any manner impair the exercise
of any such right. Any proposed amendment or waiver that disproportionately, materially and adversely affects the rights and obligations
of any Purchaser relative to the comparable rights and obligations of the other Purchasers shall require the prior written consent of
such adversely affected Purchaser. Any amendment effected in accordance with this Section 5.6 shall be binding upon each Purchaser and
holder of Shares and the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5.7<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Headings</U>. The headings herein are for convenience only, do not constitute a part of this Agreement and shall not be deemed
to limit or affect any of the provisions hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5.8<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Successors and Assigns</U>. This Agreement shall be binding upon and inure to the benefit of the parties and their successors
and permitted assigns. The Company may not assign this Agreement or any rights or obligations hereunder without the prior written consent
of each Purchaser (other than by merger). Any Purchaser may assign any or all of its rights under this Agreement to (i) an Affiliate
of such Purchaser, (ii) a member of the &#8220;immediate family&#8221; (as defined in Rule 16a-1 of the Exchange Act) of such Purchaser
or such Person&#8217;s Affiliate or (iii) any Person to whom such Purchaser assigns or transfers any Shares, provided that any such assignee
agrees in writing to be bound by the provisions of this Agreement that apply to the &#8220;Purchasers.&#8221; No assignment shall relieve
the assigning party of any of its obligations hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"></P>

<!-- Field: Page; Sequence: 17; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->17<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5.9<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>No
Third-Party Beneficiaries</U>. This Agreement is intended for the benefit of the parties hereto and their respective successors and permitted
assigns and is not for the benefit of, nor may any provision hereof be enforced by, any other Person, except as otherwise set forth in
Section 4.5.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5.10<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Governing Law</U>. All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall
be governed by and construed and enforced in accordance with the internal laws of the State of New York, without regard to the principles
of conflicts of law thereof. Each party agrees that all Proceedings concerning the interpretations, enforcement and defense of the transactions
contemplated by this Agreement (whether brought against a party hereto or its respective affiliates, directors, officers, shareholders,
partners, members, employees or agents) shall be commenced exclusively in the state and federal courts sitting in the City of New York.
Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in the City of New York,
Borough of Manhattan for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby
or discussed herein (including with respect to the enforcement of this Agreement), and hereby irrevocably waives, and agrees not to assert
in any Proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such Proceeding is improper
or is an inconvenient venue for such Proceeding. Each party hereby irrevocably waives personal service of process and consents to process
being served in any such Proceeding by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of
delivery) to such party at the address in effect for notices to it under this Agreement and agrees that such service shall constitute
good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to
serve process in any other manner permitted by law. If any party shall commence a Proceeding to enforce any provisions of this Agreement,
then, in addition to the obligations of the Company under Section 4.5, the prevailing party in such Proceeding shall be reimbursed by
the non-prevailing party for its reasonable attorneys&#8217; fees and other costs and expenses incurred with the investigation, preparation
and prosecution of such Proceeding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">5.11<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Survival</U>. The representations and warranties contained herein shall survive each Closing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5.12<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Execution</U>. This Agreement may be executed in two or more counterparts, all of which when taken together shall be considered
one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to each other party,
it being understood that the parties need not sign the same counterpart. In the event that any signature is delivered by e-mail delivery
of a &#8220;.pdf&#8221; format data file, such signature shall create a valid and binding obligation of the party executing (or on whose
behalf such signature is executed) with the same force and effect as if such &#8220;.pdf&#8221; signature page were an original thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5.13<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Severability</U>.
If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid,
illegal, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in
full force and effect and shall in no way be affected, impaired or invalidated, and the parties hereto shall use their commercially
reasonable efforts to find and employ an alternative means to achieve the same or substantially the same result as that contemplated
by such term, provision, covenant or restriction. It is hereby stipulated and declared to be the intention of the parties that they
would have executed the remaining terms, provisions, covenants and restrictions without including any of such that may be hereafter
declared invalid, illegal, void or unenforceable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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

<!-- Field: Page; Sequence: 18; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->18<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5.14<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Replacement of Shares</U>. If any certificate or instrument evidencing any Shares is mutilated, lost, stolen or destroyed,
the Company shall issue or cause to be issued in exchange and substitution for and upon cancellation thereof (in the case of mutilation),
or in lieu of and substitution therefor, a new certificate or instrument, but only upon receipt of evidence reasonably satisfactory to
the Company of such loss, theft or destruction. The applicant for a new certificate or instrument under such circumstances shall also
pay any reasonable third-party costs (including customary indemnity) associated with the issuance of such replacement Shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5.15<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Remedies</U>. In addition to being entitled to exercise all rights provided herein or granted by law, including recovery of
damages, each of the Purchasers and the Company will be entitled to seek specific performance under this Agreement. The parties agree
that monetary damages may not be adequate compensation for any loss incurred by reason of any breach of obligations contained in this
Agreement and hereby agree to waive and not to assert in any Proceeding for specific performance of any such obligation the defense that
a remedy at law would be adequate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5.16<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Payment Set Aside</U>. To the extent that the Company makes a payment or payments to any Purchaser pursuant to this Agreement
or a Purchaser enforces or exercises its rights hereunder, and such payment or payments or the proceeds of such enforcement or exercise
or any part hereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered from, disgorged by or
are required to be refunded, repaid or otherwise restored to the Company, a trustee, receiver or any other Person under any law (including,
without limitation, any bankruptcy law, state or federal law, common law or equitable cause of action), then to the extent of any such
restoration the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect
as if such payment had not been made or such enforcement or setoff had not occurred.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5.17<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Saturdays, Sundays, Holidays, etc.</U>&#9;If the last or appointed day for the taking of any action or the expiration of any
right required or granted herein shall not be a Business Day, then such action may be taken or such right may be exercised on the next
succeeding Business Day.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5.18<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><U>Construction</U>. The parties agree that each of them and/or their respective counsel have reviewed and had an opportunity
to revise this Agreement and, therefore, the normal rule of construction to the effect that any ambiguities are to be resolved against
the drafting party shall not be employed in the interpretation of this Agreement or any amendments hereto. In addition, each and every
reference to share prices and shares of Common Stock in this Agreement shall be subject to adjustment for reverse and forward stock splits,
stock dividends, stock combinations and other similar transactions of the Common Stock that occur after the date of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">5.19<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><B><U>WAIVER
OF JURY TRIAL</U>. <U>IN ANY PROCEEDING IN ANY JURISDICTION BROUGHT BY ANY PARTY AGAINST ANY OTHER PARTY, THE PARTIES EACH KNOWINGLY
AND INTENTIONALLY, TO THE GREATEST EXTENT PERMITTED BY APPLICABLE LAW, HEREBY ABSOLUTELY, UNCONDITIONALLY, IRREVOCABLY AND EXPRESSLY
WAIVE FOREVER TRIAL BY JURY.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>(Signature Pages Follow)</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"></P>

<!-- Field: Page; Sequence: 19; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->19<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">IN
WITNESS WHEREOF, the parties hereto have caused this Securities Purchase Agreement to be duly executed by their respective authorized
signatories as of the date first indicated above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
  <TD COLSPAN="3"><FONT STYLE="text-transform: uppercase"><B>PLBY GROUP, INC.</B></FONT></TD>
    <TD>&nbsp;</TD>
  <TD COLSPAN="2"><U>Address for Notice:</U></TD></TR>
<TR STYLE="vertical-align: top">
  <TD COLSPAN="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
  <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
  <TD>By:</TD>
  <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid"> /s/ Ben Kohn</TD>
    <TD>&nbsp;</TD>
  <TD COLSPAN="2">10960 Wilshire Blvd., Suite 2200</TD></TR>
<TR STYLE="vertical-align: top">
  <TD>&nbsp;</TD>
  <TD>Name:</TD>
  <TD> Ben Kohn</TD>
    <TD>&nbsp;</TD>
  <TD COLSPAN="2">Los Angeles, CA 90024</TD></TR>
<TR STYLE="vertical-align: top">
  <TD STYLE="width: 3%">&nbsp;</TD>
  <TD STYLE="width: 5%">Title:</TD>
  <TD STYLE="width: 40%"> Chief Executive Officer and President</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
  <TD STYLE="width: 8%">E-mail:</TD>
  <TD STYLE="width: 40%">[***]</TD></TR>
<TR STYLE="vertical-align: top">
  <TD COLSPAN="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>[***]</TD></TR>
<TR STYLE="vertical-align: top">
  <TD COLSPAN="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
  <TD>Attention:</TD>
  <TD>Ben Kohn</TD></TR>
<TR STYLE="vertical-align: top">
  <TD COLSPAN="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>Chris Riley</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">Skadden, Arps, Slate, Meagher &amp; Flom LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">300 South Grand Avenue, Suite 3400</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">Los Angeles, CA 90071</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 8%; text-align: left">E-mail:</TD><TD STYLE="text-align: justify; width: 92%">jeffrey.cohen@skadden.com<BR> andrew.garelick@skadden.com</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left">Attention:</TD><TD STYLE="text-align: justify">Jeffrey H. Cohen<BR> Andrew D. Garelick</TD>
</TR></TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SIGNATURE PAGES FOR PURCHASERS FOLLOW]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"></P>

<!-- Field: Page; Sequence: 20 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[PURCHASER SIGNATURE PAGES TO PLBY GROUP, INC.
SECURITIES PURCHASE AGREEMENT]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">IN WITNESS WHEREOF, the undersigned
have caused this Securities Purchase Agreement to be duly executed by their respective authorized signatories as of the date first indicated
above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Name of Purchaser: _______________________________________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Signature of Authorized Signatory of Purchaser</I>:_________________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Email Address of Authorized Signatory:________________________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Address for Notice to Purchaser:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Address for Delivery of Shares to Purchaser (if not same as address
for notice):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pro Rata Portion: __________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">EIN/SSN Number: _____________________</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[SIGNATURE PAGES CONTINUE]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"></P>

<!-- Field: Page; Sequence: 21 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[PURCHASER SIGNATURE PAGES TO PLBY GROUP, INC.
SECURITIES PURCHASE AGREEMENT]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">IN WITNESS WHEREOF, the undersigned
have caused this Securities Purchase Agreement to be duly executed by their respective authorized signatories as of the date first indicated
above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Name of Purchaser: _______________________________________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Signature of Authorized Signatory of Purchaser</I>:_________________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Name of Authorized Signatory:_______________________________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Title of Authorized Signatory:________________________________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Email Address of Authorized Signatory:________________________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Address for Notice to Purchaser:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Address for Delivery of Shares to Purchaser (if not same as address
for notice):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pro Rata Portion: __________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">EIN Number: _____________________</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[SIGNATURE PAGES CONTINUE]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"></P>

<!-- Field: Page; Sequence: 22 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[PURCHASER SIGNATURE PAGES TO PLBY GROUP, INC.
SECURITIES PURCHASE AGREEMENT]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">IN WITNESS WHEREOF, the undersigned
have caused this Securities Purchase Agreement to be duly executed by their respective authorized signatories as of the date first indicated
above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Name of Purchaser: _______________________________________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Signature of Authorized Signatory of Purchaser</I>:_________________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Name of Authorized Signatory:_______________________________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Title of Authorized Signatory:________________________________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Email Address of Authorized Signatory:________________________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Address for Notice to Purchaser:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Address for Delivery of Shares to Purchaser (if not same as address
for notice):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pro Rata Portion: __________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">EIN Number: _____________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 23; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>tm233762d1_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

<P STYLE="text-align: right; margin: 0"><B>Exhibit 99.1</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PLBY Group Secures $25 Million Capital Commitment</B></P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">LOS ANGELES, Jan. 18, 2023 &#8211; PLBY
Group, Inc. (NASDAQ: PLBY) (&#8220;PLBY Group&#8221; or the &#8220;Company&#8221;) announced today that it secured a $25 million
capital commitment (the &#8220;Investment&#8221;) led by Michael Serruya at Serruya Private Equity and Broadband Capital Investments
(the &#8220;Purchasers&#8221;). The Investment is subject to certain closing conditions set forth in a securities purchase
agreement, including the closing of the previously announced rights offering. At the closing of the Investment, the Purchasers will
purchase $15 million of common stock of the Company, par value $0.0001 per share (&#8220;Common Stock&#8221;), based on the final
rights offering subscription price, as described below (the &ldquo;Initial Investment&rdquo;). In addition, the Purchasers will purchase up to $10 million of shares at
the same subscription price to the extent the rights offering is not fully subscribed. All purchases of Common Stock by the
Purchasers will be limited as necessary to comply with applicable Nasdaq rules.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">On the closing date (as defined in the
securities purchase agreement), the Company will also pay to the Purchasers (in cash or in additional shares of Common Stock at the
subscription price, or a combination thereof, at the election of each Purchaser), at the closing of the Initial Investment, a
commitment fee equal to $1.25 million, regardless of the aggregate amount purchased by the Purchasers (except that, if the
securities purchase agreement is terminated in accordance with its terms, the commitment fee will be payable only in additional
shares of Common Stock at a price equal to the greater of (i) $2.50 and (ii) the subscription price).</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">As previously disclosed, the subscription period for the rights offering
will expire on January 23, 2023, and the subscription price per whole share of Common Stock will be equal to the lesser of (i) $3.50
and (ii) eighty-five percent (85%) of the volume-weighted average price of a share of the Common Stock for the ten trading day period
through and including January 20, 2023, as further described in and, subject to the terms and other provisions set forth in the prospectus
supplement filed with the Securities and Exchange Commission (the &#8220;SEC&#8221;) on January 9, 2023 (as it may be amended or supplemented).</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">The Company intends to use the net proceeds from the rights offering
and the Investment primarily for repayment of senior debt under its credit agreement and, to the extent of any remaining net proceeds,
for general corporate purposes.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">The shares of Common Stock offered pursuant
to the rights offering and issuance of shares pursuant to the Investment are being offered and issued pursuant to the
Company&#8217;s existing effective shelf registration statement on Form S-3 (Reg. No. 333-267273) on file with the SEC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">The information herein
is not complete and is subject to change. This press release does not constitute an offer to sell or the solicitation of an offer to
buy any shares of Common Stock or any other securities, nor will there be any sale of shares of Common Stock or any other securities
in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or other jurisdiction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">Jefferies LLC is acting
as the dealer manager in connection with the rights offering and the exclusive placement agent for the Investment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>About PLBY Group, Inc.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">PLBY Group, Inc. is a global pleasure and leisure
company connecting consumers with products, content, and experiences that help them lead more fulfilling lives. Our flagship consumer
brand, Playboy, is one of the most recognizable brands in the world, driving billions of dollars annually in global consumer spending
with products and content available in approximately 180 countries. Our mission&#8201;&#8212;&#8201;to create a culture where all people
can pursue pleasure&#8201;&#8212;&#8201;builds upon almost seven decades of creating groundbreaking media and hospitality experiences
and fighting for cultural progress rooted in the core values of equality, freedom of expression and the idea that pleasure is a fundamental
human right. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>About Serruya Private Equity
Inc.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Serruya Private Equity Inc. is a global private equity firm focused
on transforming companies by collaborating with management to develop and implement strategies which leverage SPE&#8217;s operational
and financial resources.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>About Broadband Capital
Investments</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Broadband Capital Investments
(BCI) is a boutique merchant bank which invests in high growth industries. BCI (and/or its affiliates) was the founding investor in Vroom.com, a leading used car e-commerce company, co-led the management buyout of Hydrofarm Holdings, a leading hydroponics
manufacturer and distributor, prior to its initial public offering, and invested in Montrose Environmental, an environmental
services provider offering measurement &amp; analytical services as well as environmental resiliency &amp; sustainability solutions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>Forward-Looking Statements</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">This press release includes &#8220;forward-looking
statements&#8221; within the meaning of the &#8220;safe harbor&#8221; provisions of the United States Private Securities Litigation Reform
Act of 1995. The Company&#8217;s actual results may differ from their expectations, estimates, and projections and, consequently, you
should not rely on these forward-looking statements as predictions of future events. Words such as &#8220;expect,&#8221; &#8220;estimate,&#8221;
&#8220;project,&#8221; &#8220;budget,&#8221; &#8220;forecast,&#8221; &#8220;anticipate,&#8221; &#8220;intend,&#8221; &#8220;plan,&#8221;
&#8220;may,&#8221; &#8220;will,&#8221; &#8220;could,&#8221; &#8220;should,&#8221; &#8220;believes,&#8221; &#8220;predicts,&#8221; &#8220;potential,&#8221;
&#8220;continue,&#8221; and similar expressions (or the negative versions of such words or expressions) are intended to identify such
forward-looking statements. These forward-looking statements include all statements other than historical fact, including, without limitation,
statements regarding the rights offering, the Investment, the securities purchase agreement, the commitment fee, the anticipated proceeds
from the rights offering and the Investment and the use of such proceeds, and the Company&#8217;s plans, projections and expectations
regarding the rights offering, including the size, timing, price, and any intended participation of certain persons.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">These
forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from
those discussed in the forward-looking statements. Factors that may cause such differences include prevailing market conditions,
whether stockholders of record will exercise their rights to purchase Common Stock and the amount subscribed, and whether the
Company will be able to successfully complete the rights offering and the Investment, in addition to (without limitation): (1) the
impact of the COVID-19 pandemic on the Company&#8217;s business and acquisitions; (2) the inability to maintain the listing of the
Company&#8217;s shares of common stock on Nasdaq; (3) the risk that the Company&#8217;s business combination, acquisitions or any
proposed transactions disrupt the Company&#8217;s current plans and/or operations, including the risk that the Company does not
complete any such proposed transactions or achieve the expected benefits from them; (4) the ability to recognize the anticipated
benefits of the business combination, acquisitions, commercial collaborations, commercialization of digital assets and proposed
transactions, which may be affected by, among other things, competition, the ability of the Company to grow and manage growth
profitably, and retain its key employees; (5) costs related to being a public company, acquisitions, commercial collaborations and
proposed transactions; (6) changes in applicable laws or regulations; (7) the possibility that the Company may be adversely affected
by global hostilities, supply chain disruptions, inflation, interest rates, foreign currency exchange rates or other economic,
business, and/or competitive factors; (8) risks relating to the uncertainty of the projected financial information of the Company,
including changes in our estimates of the fair value of certain of our intangible assets; (9) risks related to the organic and
inorganic growth of the Company&#8217;s business, and the timing of expected business milestones; and (10) other risks and
uncertainties indicated from time to time in the Company&#8217;s annual report on Form 10-K, including those under &#8220;Risk
Factors&#8221; therein, and in the Company&#8217;s other filings with the SEC. The Company cautions that the foregoing list of
factors is not exclusive, and readers should not place undue reliance upon any forward-looking statements, which speak only as of
the date which they were made. The Company does not undertake any obligation to update or revise any forward-looking statements to
reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is
based.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"></P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>Contact</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Investors: <U>investors@plbygroup.com</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Media: <U>press@plbygroup.com</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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



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

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 4; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.SCH
<SEQUENCE>4
<FILENAME>plby-20230118.xsd
<DESCRIPTION>XBRL TAXONOMY EXTENSION SCHEMA
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" ?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 5.17a -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
    <!-- Field: Doc-Info; Name: Misc; Value: +aA5w7xRiXgen8uLa3ZcWaOIebOdzZR+GYkxtmB5bekaDy8t6T11hiW7GEEGAdQA -->
<schema xmlns="http://www.w3.org/2001/XMLSchema" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:dei="http://xbrl.sec.gov/dei/2021q4" xmlns:us-gaap="http://fasb.org/us-gaap/2021-01-31" xmlns:srt="http://fasb.org/srt/2021-01-31" xmlns:srt-types="http://fasb.org/srt-types/2021-01-31" xmlns:PLBY="http://playboy.com/20230118" elementFormDefault="qualified" targetNamespace="http://playboy.com/20230118">
    <annotation>
      <appinfo>
	<link:roleType roleURI="http://playboy.com/role/Cover" id="Cover">
	  <link:definition>00000001 - Document - Cover</link:definition>
	  <link:usedOn>link:presentationLink</link:usedOn>
	  <link:usedOn>link:calculationLink</link:usedOn>
	  <link:usedOn>link:definitionLink</link:usedOn>
	</link:roleType>
	<link:linkbaseRef xlink:type="simple" xlink:href="plby-20230118_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Presentation Links" />
	<link:linkbaseRef xlink:type="simple" xlink:href="plby-20230118_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Label Links" />
      </appinfo>
    </annotation>
    <import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd" />
    <import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" />
    <import namespace="http://xbrl.sec.gov/dei/2021q4" schemaLocation="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd" />
    <import namespace="http://fasb.org/us-gaap/2021-01-31" schemaLocation="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd" />
    <import namespace="http://fasb.org/us-types/2021-01-31" schemaLocation="https://xbrl.fasb.org/us-gaap/2021/elts/us-types-2021-01-31.xsd" />
    <import namespace="http://www.xbrl.org/dtr/type/2020-01-21" schemaLocation="https://www.xbrl.org/dtr/type/2020-01-21/types.xsd" />
    <import namespace="http://xbrl.sec.gov/country/2021" schemaLocation="https://xbrl.sec.gov/country/2021/country-2021.xsd" />
    <import namespace="http://fasb.org/srt/2021-01-31" schemaLocation="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd" />
    <import namespace="http://fasb.org/srt-types/2021-01-31" schemaLocation="https://xbrl.fasb.org/srt/2021/elts/srt-types-2021-01-31.xsd" />
</schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>5
<FILENAME>plby-20230118_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 5.17a -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" roleURI="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel" roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel" roleURI="http://www.xbrl.org/2009/role/netLabel" />
    <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CoverAbstract" xlink:label="dei_CoverAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CoverAbstract" xlink:to="dei_CoverAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CoverAbstract_lbl" xml:lang="en-US">Cover [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentType" xlink:label="dei_DocumentType" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="dei_DocumentType_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentType_lbl" xml:lang="en-US">Document Type</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AmendmentFlag" xlink:label="dei_AmendmentFlag" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentFlag_lbl" xml:lang="en-US">Amendment Flag</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AmendmentDescription" xlink:label="dei_AmendmentDescription" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentDescription" xlink:to="dei_AmendmentDescription_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentDescription_lbl" xml:lang="en-US">Amendment Description</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentRegistrationStatement" xlink:label="dei_DocumentRegistrationStatement" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentRegistrationStatement" xlink:to="dei_DocumentRegistrationStatement_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentRegistrationStatement_lbl" xml:lang="en-US">Document Registration Statement</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentAnnualReport" xlink:label="dei_DocumentAnnualReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentAnnualReport" xlink:to="dei_DocumentAnnualReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentAnnualReport_lbl" xml:lang="en-US">Document Annual Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentQuarterlyReport" xlink:label="dei_DocumentQuarterlyReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentQuarterlyReport" xlink:to="dei_DocumentQuarterlyReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentQuarterlyReport_lbl" xml:lang="en-US">Document Quarterly Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentTransitionReport" xlink:label="dei_DocumentTransitionReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentTransitionReport" xlink:to="dei_DocumentTransitionReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentTransitionReport_lbl" xml:lang="en-US">Document Transition Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentShellCompanyReport" xlink:label="dei_DocumentShellCompanyReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentShellCompanyReport" xlink:to="dei_DocumentShellCompanyReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentShellCompanyReport_lbl" xml:lang="en-US">Document Shell Company Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentShellCompanyEventDate" xlink:label="dei_DocumentShellCompanyEventDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentShellCompanyEventDate" xlink:to="dei_DocumentShellCompanyEventDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentShellCompanyEventDate_lbl" xml:lang="en-US">Document Shell Company Event Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentPeriodStartDate" xlink:label="dei_DocumentPeriodStartDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodStartDate" xlink:to="dei_DocumentPeriodStartDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodStartDate_lbl" xml:lang="en-US">Document Period Start Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentPeriodEndDate" xlink:label="dei_DocumentPeriodEndDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodEndDate_lbl" xml:lang="en-US">Document Period End Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="dei_DocumentFiscalPeriodFocus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalPeriodFocus" xlink:to="dei_DocumentFiscalPeriodFocus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xml:lang="en-US">Document Fiscal Period Focus</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentFiscalYearFocus" xlink:label="dei_DocumentFiscalYearFocus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalYearFocus" xlink:to="dei_DocumentFiscalYearFocus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalYearFocus_lbl" xml:lang="en-US">Document Fiscal Year Focus</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CurrentFiscalYearEndDate" xlink:label="dei_CurrentFiscalYearEndDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CurrentFiscalYearEndDate" xlink:to="dei_CurrentFiscalYearEndDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xml:lang="en-US">Current Fiscal Year End Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityFileNumber" xlink:label="dei_EntityFileNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFileNumber" xlink:to="dei_EntityFileNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFileNumber_lbl" xml:lang="en-US">Entity File Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityRegistrantName" xlink:label="dei_EntityRegistrantName" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityRegistrantName_lbl" xml:lang="en-US">Entity Registrant Name</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCentralIndexKey" xlink:label="dei_EntityCentralIndexKey" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCentralIndexKey_lbl" xml:lang="en-US">Entity Central Index Key</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityPrimarySicNumber" xlink:label="dei_EntityPrimarySicNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityPrimarySicNumber" xlink:to="dei_EntityPrimarySicNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityPrimarySicNumber_lbl" xml:lang="en-US">Entity Primary SIC Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityTaxIdentificationNumber" xlink:label="dei_EntityTaxIdentificationNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityTaxIdentificationNumber" xlink:to="dei_EntityTaxIdentificationNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xml:lang="en-US">Entity Tax Identification Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="dei_EntityIncorporationStateCountryCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityIncorporationStateCountryCode" xlink:to="dei_EntityIncorporationStateCountryCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine1" xlink:label="dei_EntityAddressAddressLine1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine1" xlink:to="dei_EntityAddressAddressLine1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine1_lbl" xml:lang="en-US">Entity Address, Address Line One</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine2" xlink:label="dei_EntityAddressAddressLine2" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine2" xlink:to="dei_EntityAddressAddressLine2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine2_lbl" xml:lang="en-US">Entity Address, Address Line Two</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine3" xlink:label="dei_EntityAddressAddressLine3" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine3" xlink:to="dei_EntityAddressAddressLine3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine3_lbl" xml:lang="en-US">Entity Address, Address Line Three</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressCityOrTown" xlink:label="dei_EntityAddressCityOrTown" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCityOrTown" xlink:to="dei_EntityAddressCityOrTown_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressCityOrTown_lbl" xml:lang="en-US">Entity Address, City or Town</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressStateOrProvince" xlink:label="dei_EntityAddressStateOrProvince" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressStateOrProvince" xlink:to="dei_EntityAddressStateOrProvince_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressStateOrProvince_lbl" xml:lang="en-US">Entity Address, State or Province</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressCountry" xlink:label="dei_EntityAddressCountry" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCountry" xlink:to="dei_EntityAddressCountry_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressCountry_lbl" xml:lang="en-US">Entity Address, Country</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressPostalZipCode" xlink:label="dei_EntityAddressPostalZipCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressPostalZipCode" xlink:to="dei_EntityAddressPostalZipCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressPostalZipCode_lbl" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CountryRegion" xlink:label="dei_CountryRegion" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CountryRegion" xlink:to="dei_CountryRegion_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CountryRegion_lbl" xml:lang="en-US">Country Region</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CityAreaCode" xlink:label="dei_CityAreaCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CityAreaCode" xlink:to="dei_CityAreaCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CityAreaCode_lbl" xml:lang="en-US">City Area Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_LocalPhoneNumber" xlink:label="dei_LocalPhoneNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LocalPhoneNumber" xlink:to="dei_LocalPhoneNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_LocalPhoneNumber_lbl" xml:lang="en-US">Local Phone Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_Extension" xlink:label="dei_Extension" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Extension" xlink:to="dei_Extension_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Extension_lbl" xml:lang="en-US">Extension</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_WrittenCommunications" xlink:label="dei_WrittenCommunications" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_WrittenCommunications" xlink:to="dei_WrittenCommunications_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_WrittenCommunications_lbl" xml:lang="en-US">Written Communications</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_SolicitingMaterial" xlink:label="dei_SolicitingMaterial" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SolicitingMaterial" xlink:to="dei_SolicitingMaterial_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SolicitingMaterial_lbl" xml:lang="en-US">Soliciting Material</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_PreCommencementTenderOffer" xlink:label="dei_PreCommencementTenderOffer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementTenderOffer" xlink:to="dei_PreCommencementTenderOffer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_PreCommencementTenderOffer_lbl" xml:lang="en-US">Pre-commencement Tender Offer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="dei_PreCommencementIssuerTenderOffer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementIssuerTenderOffer" xlink:to="dei_PreCommencementIssuerTenderOffer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_PreCommencementIssuerTenderOffer_lbl" xml:lang="en-US">Pre-commencement Issuer Tender Offer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_Security12bTitle" xlink:label="dei_Security12bTitle" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12bTitle" xlink:to="dei_Security12bTitle_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Security12bTitle_lbl" xml:lang="en-US">Title of 12(b) Security</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_NoTradingSymbolFlag" xlink:label="dei_NoTradingSymbolFlag" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_NoTradingSymbolFlag" xlink:to="dei_NoTradingSymbolFlag_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_NoTradingSymbolFlag_lbl" xml:lang="en-US">No Trading Symbol Flag</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_TradingSymbol" xlink:label="dei_TradingSymbol" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_TradingSymbol" xlink:to="dei_TradingSymbol_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_TradingSymbol_lbl" xml:lang="en-US">Trading Symbol</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_SecurityExchangeName" xlink:label="dei_SecurityExchangeName" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityExchangeName" xlink:to="dei_SecurityExchangeName_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SecurityExchangeName_lbl" xml:lang="en-US">Security Exchange Name</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_Security12gTitle" xlink:label="dei_Security12gTitle" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12gTitle" xlink:to="dei_Security12gTitle_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Security12gTitle_lbl" xml:lang="en-US">Title of 12(g) Security</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_SecurityReportingObligation" xlink:label="dei_SecurityReportingObligation" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityReportingObligation" xlink:to="dei_SecurityReportingObligation_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SecurityReportingObligation_lbl" xml:lang="en-US">Security Reporting Obligation</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AnnualInformationForm" xlink:label="dei_AnnualInformationForm" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AnnualInformationForm" xlink:to="dei_AnnualInformationForm_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AnnualInformationForm_lbl" xml:lang="en-US">Annual Information Form</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AuditedAnnualFinancialStatements" xlink:label="dei_AuditedAnnualFinancialStatements" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AuditedAnnualFinancialStatements" xlink:to="dei_AuditedAnnualFinancialStatements_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AuditedAnnualFinancialStatements_lbl" xml:lang="en-US">Audited Annual Financial Statements</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="dei_EntityWellKnownSeasonedIssuer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityWellKnownSeasonedIssuer" xlink:to="dei_EntityWellKnownSeasonedIssuer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityWellKnownSeasonedIssuer_lbl" xml:lang="en-US">Entity Well-known Seasoned Issuer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityVoluntaryFilers" xlink:label="dei_EntityVoluntaryFilers" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityVoluntaryFilers" xlink:to="dei_EntityVoluntaryFilers_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityVoluntaryFilers_lbl" xml:lang="en-US">Entity Voluntary Filers</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCurrentReportingStatus" xlink:label="dei_EntityCurrentReportingStatus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCurrentReportingStatus" xlink:to="dei_EntityCurrentReportingStatus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCurrentReportingStatus_lbl" xml:lang="en-US">Entity Current Reporting Status</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityInteractiveDataCurrent" xlink:label="dei_EntityInteractiveDataCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityInteractiveDataCurrent" xlink:to="dei_EntityInteractiveDataCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityInteractiveDataCurrent_lbl" xml:lang="en-US">Entity Interactive Data Current</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityFilerCategory" xlink:label="dei_EntityFilerCategory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFilerCategory" xlink:to="dei_EntityFilerCategory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFilerCategory_lbl" xml:lang="en-US">Entity Filer Category</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntitySmallBusiness" xlink:label="dei_EntitySmallBusiness" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntitySmallBusiness" xlink:to="dei_EntitySmallBusiness_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntitySmallBusiness_lbl" xml:lang="en-US">Entity Small Business</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityEmergingGrowthCompany" xlink:label="dei_EntityEmergingGrowthCompany" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityEmergingGrowthCompany" xlink:to="dei_EntityEmergingGrowthCompany_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xml:lang="en-US">Entity Emerging Growth Company</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityExTransitionPeriod" xlink:label="dei_EntityExTransitionPeriod" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityExTransitionPeriod" xlink:to="dei_EntityExTransitionPeriod_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityExTransitionPeriod_lbl" xml:lang="en-US">Elected Not To Use the Extended Transition Period</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentAccountingStandard" xlink:label="dei_DocumentAccountingStandard" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentAccountingStandard" xlink:to="dei_DocumentAccountingStandard_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentAccountingStandard_lbl" xml:lang="en-US">Document Accounting Standard</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_OtherReportingStandardItemNumber" xlink:label="dei_OtherReportingStandardItemNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_OtherReportingStandardItemNumber" xlink:to="dei_OtherReportingStandardItemNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_OtherReportingStandardItemNumber_lbl" xml:lang="en-US">Other Reporting Standard Item Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityShellCompany" xlink:label="dei_EntityShellCompany" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityShellCompany" xlink:to="dei_EntityShellCompany_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityShellCompany_lbl" xml:lang="en-US">Entity Shell Company</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityPublicFloat" xlink:label="dei_EntityPublicFloat" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityPublicFloat" xlink:to="dei_EntityPublicFloat_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityPublicFloat_lbl" xml:lang="en-US">Entity Public Float</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityBankruptcyProceedingsReportingCurrent" xlink:label="dei_EntityBankruptcyProceedingsReportingCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityBankruptcyProceedingsReportingCurrent" xlink:to="dei_EntityBankruptcyProceedingsReportingCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityBankruptcyProceedingsReportingCurrent_lbl" xml:lang="en-US">Entity Bankruptcy Proceedings, Reporting Current</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="dei_EntityCommonStockSharesOutstanding" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCommonStockSharesOutstanding" xlink:to="dei_EntityCommonStockSharesOutstanding_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xml:lang="en-US">Entity Common Stock, Shares Outstanding</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentsIncorporatedByReferenceTextBlock" xlink:label="dei_DocumentsIncorporatedByReferenceTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentsIncorporatedByReferenceTextBlock" xlink:to="dei_DocumentsIncorporatedByReferenceTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentsIncorporatedByReferenceTextBlock_lbl" xml:lang="en-US">Documents Incorporated by Reference [Text Block]</link:label>
    </link:labelLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>6
<FILENAME>plby-20230118_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 5.17a -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
    <link:roleRef roleURI="http://playboy.com/role/Cover" xlink:href="plby-20230118.xsd#Cover" xlink:type="simple" />
    <link:presentationLink xlink:type="extended" xlink:role="http://playboy.com/role/Cover" xlink:title="00000001 - Document - Cover">
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CoverAbstract" xlink:label="loc_deiCoverAbstract" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentType" xlink:label="loc_deiDocumentType" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentType" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AmendmentFlag" xlink:label="loc_deiAmendmentFlag" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiAmendmentFlag" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AmendmentDescription" xlink:label="loc_deiAmendmentDescription" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiAmendmentDescription" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentRegistrationStatement" xlink:label="loc_deiDocumentRegistrationStatement" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentRegistrationStatement" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentAnnualReport" xlink:label="loc_deiDocumentAnnualReport" />
      <link:presentationArc order="40" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentAnnualReport" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentQuarterlyReport" xlink:label="loc_deiDocumentQuarterlyReport" />
      <link:presentationArc order="50" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentQuarterlyReport" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentTransitionReport" xlink:label="loc_deiDocumentTransitionReport" />
      <link:presentationArc order="60" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentTransitionReport" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentShellCompanyReport" xlink:label="loc_deiDocumentShellCompanyReport" />
      <link:presentationArc order="70" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentShellCompanyReport" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentShellCompanyEventDate" xlink:label="loc_deiDocumentShellCompanyEventDate" />
      <link:presentationArc order="80" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentShellCompanyEventDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentPeriodStartDate" xlink:label="loc_deiDocumentPeriodStartDate" />
      <link:presentationArc order="90" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentPeriodStartDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentPeriodEndDate" xlink:label="loc_deiDocumentPeriodEndDate" />
      <link:presentationArc order="100" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentPeriodEndDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="loc_deiDocumentFiscalPeriodFocus" />
      <link:presentationArc order="110" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentFiscalPeriodFocus" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentFiscalYearFocus" xlink:label="loc_deiDocumentFiscalYearFocus" />
      <link:presentationArc order="120" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentFiscalYearFocus" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CurrentFiscalYearEndDate" xlink:label="loc_deiCurrentFiscalYearEndDate" />
      <link:presentationArc order="130" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiCurrentFiscalYearEndDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityFileNumber" xlink:label="loc_deiEntityFileNumber" />
      <link:presentationArc order="140" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityFileNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityRegistrantName" xlink:label="loc_deiEntityRegistrantName" />
      <link:presentationArc order="150" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityRegistrantName" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCentralIndexKey" xlink:label="loc_deiEntityCentralIndexKey" />
      <link:presentationArc order="160" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityCentralIndexKey" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityPrimarySicNumber" xlink:label="loc_deiEntityPrimarySicNumber" />
      <link:presentationArc order="170" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityPrimarySicNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityTaxIdentificationNumber" xlink:label="loc_deiEntityTaxIdentificationNumber" />
      <link:presentationArc order="180" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityTaxIdentificationNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="loc_deiEntityIncorporationStateCountryCode" />
      <link:presentationArc order="190" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityIncorporationStateCountryCode" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine1" xlink:label="loc_deiEntityAddressAddressLine1" />
      <link:presentationArc order="200" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityAddressAddressLine1" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine2" xlink:label="loc_deiEntityAddressAddressLine2" />
      <link:presentationArc order="210" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityAddressAddressLine2" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine3" xlink:label="loc_deiEntityAddressAddressLine3" />
      <link:presentationArc order="220" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityAddressAddressLine3" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressCityOrTown" xlink:label="loc_deiEntityAddressCityOrTown" />
      <link:presentationArc order="230" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityAddressCityOrTown" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressStateOrProvince" xlink:label="loc_deiEntityAddressStateOrProvince" />
      <link:presentationArc order="240" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityAddressStateOrProvince" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressCountry" xlink:label="loc_deiEntityAddressCountry" />
      <link:presentationArc order="250" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityAddressCountry" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressPostalZipCode" xlink:label="loc_deiEntityAddressPostalZipCode" />
      <link:presentationArc order="260" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityAddressPostalZipCode" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CountryRegion" xlink:label="loc_deiCountryRegion" />
      <link:presentationArc order="270" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiCountryRegion" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CityAreaCode" xlink:label="loc_deiCityAreaCode" />
      <link:presentationArc order="280" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiCityAreaCode" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_LocalPhoneNumber" xlink:label="loc_deiLocalPhoneNumber" />
      <link:presentationArc order="290" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiLocalPhoneNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_Extension" xlink:label="loc_deiExtension" />
      <link:presentationArc order="300" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiExtension" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_WrittenCommunications" xlink:label="loc_deiWrittenCommunications" />
      <link:presentationArc order="310" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiWrittenCommunications" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_SolicitingMaterial" xlink:label="loc_deiSolicitingMaterial" />
      <link:presentationArc order="320" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiSolicitingMaterial" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_PreCommencementTenderOffer" xlink:label="loc_deiPreCommencementTenderOffer" />
      <link:presentationArc order="330" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiPreCommencementTenderOffer" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="loc_deiPreCommencementIssuerTenderOffer" />
      <link:presentationArc order="340" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiPreCommencementIssuerTenderOffer" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_Security12bTitle" xlink:label="loc_deiSecurity12bTitle" />
      <link:presentationArc order="350" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiSecurity12bTitle" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_NoTradingSymbolFlag" xlink:label="loc_deiNoTradingSymbolFlag" />
      <link:presentationArc order="360" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiNoTradingSymbolFlag" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_TradingSymbol" xlink:label="loc_deiTradingSymbol" />
      <link:presentationArc order="370" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiTradingSymbol" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_SecurityExchangeName" xlink:label="loc_deiSecurityExchangeName" />
      <link:presentationArc order="380" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiSecurityExchangeName" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_Security12gTitle" xlink:label="loc_deiSecurity12gTitle" />
      <link:presentationArc order="390" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiSecurity12gTitle" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_SecurityReportingObligation" xlink:label="loc_deiSecurityReportingObligation" />
      <link:presentationArc order="400" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiSecurityReportingObligation" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AnnualInformationForm" xlink:label="loc_deiAnnualInformationForm" />
      <link:presentationArc order="410" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiAnnualInformationForm" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AuditedAnnualFinancialStatements" xlink:label="loc_deiAuditedAnnualFinancialStatements" />
      <link:presentationArc order="420" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiAuditedAnnualFinancialStatements" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="loc_deiEntityWellKnownSeasonedIssuer" />
      <link:presentationArc order="430" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityWellKnownSeasonedIssuer" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityVoluntaryFilers" xlink:label="loc_deiEntityVoluntaryFilers" />
      <link:presentationArc order="440" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityVoluntaryFilers" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCurrentReportingStatus" xlink:label="loc_deiEntityCurrentReportingStatus" />
      <link:presentationArc order="450" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityCurrentReportingStatus" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityInteractiveDataCurrent" xlink:label="loc_deiEntityInteractiveDataCurrent" />
      <link:presentationArc order="460" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityInteractiveDataCurrent" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityFilerCategory" xlink:label="loc_deiEntityFilerCategory" />
      <link:presentationArc order="470" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityFilerCategory" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntitySmallBusiness" xlink:label="loc_deiEntitySmallBusiness" />
      <link:presentationArc order="480" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntitySmallBusiness" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityEmergingGrowthCompany" xlink:label="loc_deiEntityEmergingGrowthCompany" />
      <link:presentationArc order="490" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityEmergingGrowthCompany" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityExTransitionPeriod" xlink:label="loc_deiEntityExTransitionPeriod" />
      <link:presentationArc order="500" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityExTransitionPeriod" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentAccountingStandard" xlink:label="loc_deiDocumentAccountingStandard" />
      <link:presentationArc order="510" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentAccountingStandard" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_OtherReportingStandardItemNumber" xlink:label="loc_deiOtherReportingStandardItemNumber" />
      <link:presentationArc order="520" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiOtherReportingStandardItemNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityShellCompany" xlink:label="loc_deiEntityShellCompany" />
      <link:presentationArc order="530" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityShellCompany" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityPublicFloat" xlink:label="loc_deiEntityPublicFloat" />
      <link:presentationArc order="540" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityPublicFloat" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityBankruptcyProceedingsReportingCurrent" xlink:label="loc_deiEntityBankruptcyProceedingsReportingCurrent" />
      <link:presentationArc order="550" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityBankruptcyProceedingsReportingCurrent" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="loc_deiEntityCommonStockSharesOutstanding" />
      <link:presentationArc order="560" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityCommonStockSharesOutstanding" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentsIncorporatedByReferenceTextBlock" xlink:label="loc_deiDocumentsIncorporatedByReferenceTextBlock" />
      <link:presentationArc order="570" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentsIncorporatedByReferenceTextBlock" xlink:type="arc" />
    </link:presentationLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>7
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.22.4</span><table class="report" border="0" cellspacing="2" id="idm140355032060064">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Cover<br></strong></div></th>
<th class="th"><div>Jan. 18, 2023</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CoverAbstract', window );"><strong>Cover [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Jan. 18,  2023<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">001-39312<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">PLBY GROUP, INC.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0001803914<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">37-1958714<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation, State or Country Code</a></td>
<td class="text">DE<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">10960 Wilshire Blvd.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine2', window );">Entity Address, Address Line Two</a></td>
<td class="text">Suite 2200<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">Los Angeles<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">CA<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">90024<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">310<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">424-1800<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_WrittenCommunications', window );">Written Communications</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SolicitingMaterial', window );">Soliciting Material</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementTenderOffer', window );">Pre-commencement Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementIssuerTenderOffer', window );">Pre-commencement Issuer Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Common Stock, $0.0001 par value<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">PLBY<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NASDAQ<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CoverAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Cover page.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CoverAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period.  The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine2">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 2 such as Street or Suite number</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine2</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementIssuerTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 13e<br> -Subsection 4c<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementIssuerTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_Security12bTitle">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_Security12bTitle</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:securityTitleItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SecurityExchangeName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SecurityExchangeName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarExchangeCodeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SolicitingMaterial">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Section 14a<br> -Number 240<br> -Subsection 12<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SolicitingMaterial</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_TradingSymbol">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_TradingSymbol</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:tradingSymbolItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_WrittenCommunications">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 425<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_WrittenCommunications</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>8
<FILENAME>tm233762d1_8k_htm.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version="1.0" encoding="utf-8"?>
<xbrl
  xmlns="http://www.xbrl.org/2003/instance"
  xmlns:dei="http://xbrl.sec.gov/dei/2021q4"
  xmlns:iso4217="http://www.xbrl.org/2003/iso4217"
  xmlns:link="http://www.xbrl.org/2003/linkbase"
  xmlns:xlink="http://www.w3.org/1999/xlink">
    <link:schemaRef xlink:href="plby-20230118.xsd" xlink:type="simple"/>
    <context id="From2023-01-18to2023-01-18">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001803914</identifier>
        </entity>
        <period>
            <startDate>2023-01-18</startDate>
            <endDate>2023-01-18</endDate>
        </period>
    </context>
    <unit id="USD">
        <measure>iso4217:USD</measure>
    </unit>
    <unit id="Shares">
        <measure>shares</measure>
    </unit>
    <unit id="USDPShares">
        <divide>
            <unitNumerator>
                <measure>iso4217:USD</measure>
            </unitNumerator>
            <unitDenominator>
                <measure>shares</measure>
            </unitDenominator>
        </divide>
    </unit>
    <dei:EntityCentralIndexKey contextRef="From2023-01-18to2023-01-18">0001803914</dei:EntityCentralIndexKey>
    <dei:AmendmentFlag contextRef="From2023-01-18to2023-01-18">false</dei:AmendmentFlag>
    <dei:DocumentType contextRef="From2023-01-18to2023-01-18">8-K</dei:DocumentType>
    <dei:DocumentPeriodEndDate contextRef="From2023-01-18to2023-01-18">2023-01-18</dei:DocumentPeriodEndDate>
    <dei:EntityRegistrantName contextRef="From2023-01-18to2023-01-18">PLBY GROUP, INC.</dei:EntityRegistrantName>
    <dei:EntityIncorporationStateCountryCode contextRef="From2023-01-18to2023-01-18">DE</dei:EntityIncorporationStateCountryCode>
    <dei:EntityFileNumber contextRef="From2023-01-18to2023-01-18">001-39312</dei:EntityFileNumber>
    <dei:EntityTaxIdentificationNumber contextRef="From2023-01-18to2023-01-18">37-1958714</dei:EntityTaxIdentificationNumber>
    <dei:EntityAddressAddressLine1 contextRef="From2023-01-18to2023-01-18">10960 Wilshire Blvd.</dei:EntityAddressAddressLine1>
    <dei:EntityAddressAddressLine2 contextRef="From2023-01-18to2023-01-18">Suite 2200</dei:EntityAddressAddressLine2>
    <dei:EntityAddressCityOrTown contextRef="From2023-01-18to2023-01-18">Los Angeles</dei:EntityAddressCityOrTown>
    <dei:EntityAddressStateOrProvince contextRef="From2023-01-18to2023-01-18">CA</dei:EntityAddressStateOrProvince>
    <dei:EntityAddressPostalZipCode contextRef="From2023-01-18to2023-01-18">90024</dei:EntityAddressPostalZipCode>
    <dei:CityAreaCode contextRef="From2023-01-18to2023-01-18">310</dei:CityAreaCode>
    <dei:LocalPhoneNumber contextRef="From2023-01-18to2023-01-18">424-1800</dei:LocalPhoneNumber>
    <dei:WrittenCommunications contextRef="From2023-01-18to2023-01-18">false</dei:WrittenCommunications>
    <dei:SolicitingMaterial contextRef="From2023-01-18to2023-01-18">false</dei:SolicitingMaterial>
    <dei:PreCommencementTenderOffer contextRef="From2023-01-18to2023-01-18">false</dei:PreCommencementTenderOffer>
    <dei:PreCommencementIssuerTenderOffer contextRef="From2023-01-18to2023-01-18">false</dei:PreCommencementIssuerTenderOffer>
    <dei:Security12bTitle contextRef="From2023-01-18to2023-01-18">Common Stock, $0.0001 par value</dei:Security12bTitle>
    <dei:TradingSymbol contextRef="From2023-01-18to2023-01-18">PLBY</dei:TradingSymbol>
    <dei:SecurityExchangeName contextRef="From2023-01-18to2023-01-18">NASDAQ</dei:SecurityExchangeName>
    <dei:EntityEmergingGrowthCompany contextRef="From2023-01-18to2023-01-18">false</dei:EntityEmergingGrowthCompany>
</xbrl>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EXCEL
<SEQUENCE>9
<FILENAME>Financial_Report.xlsx
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 Financial_Report.xlsx
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M=]W3CHG&K=!X#;[Q3X?#KHG&J]!TZVDF)_VN:Z3I%FA"1N/K>A(5M>5 TR
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M!Z.:60F]A%9JGZJ'-#ZH'C(*!?&Y'C[E>G@*-Y;&O%"N@GL!_]':-\*K^(+
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MU4#E/]O4#6CV#30<D05>,9FV-J/D3@H\W/[O#;#"Q([A[8N_ 5!+ P04
M" !J2C)60<K:DU<$   5$0  &    'AL+W=O<FMS:&5E=',O<VAE970Q+GAM
M;(V887/B-A"&_XK&O>FT,TEL&9) "LP0DESIY1(N<,VTG7X0M@!-;,F59$C^
M?5>&V#0U:[Z 97M?/UZM7ZW=VRC]8E:<6_*:)M+TO96UV97OFVC%4V;.5,8E
M'%DHG3(+0[WT3:8YBXN@-/'#(+CP4R:D-^@5^R9ZT%.Y383D$TU,GJ9,OUWS
M1&WZ'O7>=SR)Y<JZ'?Z@E[$EGW+[/9MH&/FE2BQ2+HU0DFB^Z'M#>G4=GKN
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MY?.J>ZC+N.HL?X;[:)'-M[#/)73)>UYN1]76^T$D7O!9QP<<GB-WPQ-',)^
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M$<+NOS^QO-9.&G_FB^$_7G\!4$L! A0#%     @ :DHR5@=!36*!    L0
M !               ( !     &1O8U!R;W!S+V%P<"YX;6Q02P$"% ,4
M" !J2C)6%U31$>\    K @  $0              @ &O    9&]C4')O<',O
M8V]R92YX;6Q02P$"% ,4    " !J2C)6F5R<(Q &  "<)P  $P
M    @ '- 0  >&PO=&AE;64O=&AE;64Q+GAM;%!+ 0(4 Q0    ( &I*,E9!
MRMJ35P0  !41   8              " @0X(  !X;"]W;W)K<VAE971S+W-H
M965T,2YX;6Q02P$"% ,4    " !J2C)6GZ ;\+$"  #B#   #0
M    @ &;#   >&PO<W1Y;&5S+GAM;%!+ 0(4 Q0    ( &I*,E:7BKL<P
M !,"   +              "  7</  !?<F5L<R\N<F5L<U!+ 0(4 Q0    (
M &I*,E:JQ"(6,P$  "("   /              "  6 0  !X;"]W;W)K8F]O
M:RYX;6Q02P$"% ,4    " !J2C)6)!Z;HJT   #X 0  &@
M@ ' $0  >&PO7W)E;',O=V]R:V)O;VLN>&UL+G)E;'-02P$"% ,4    " !J
M2C)699!YDAD!  #/ P  $P              @ &E$@  6T-O;G1E;G1?5'EP
=97-=+GAM;%!+!08     "0 ) #X"  #O$P     !

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>10
<FILENAME>Show.js
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
// Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission.  Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105.
var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0);
e.removeAttribute('id');a.parentNode.appendChild(e)}}
if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'}
e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>11
<FILENAME>report.css
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
/* Updated 2009-11-04 */
/* v2.2.0.24 */

/* DefRef Styles */
..report table.authRefData{
	background-color: #def;
	border: 2px solid #2F4497;
	font-size: 1em;
	position: absolute;
}

..report table.authRefData a {
	display: block;
	font-weight: bold;
}

..report table.authRefData p {
	margin-top: 0px;
}

..report table.authRefData .hide {
	background-color: #2F4497;
	padding: 1px 3px 0px 0px;
	text-align: right;
}

..report table.authRefData .hide a:hover {
	background-color: #2F4497;
}

..report table.authRefData .body {
	height: 150px;
	overflow: auto;
	width: 400px;
}

..report table.authRefData table{
	font-size: 1em;
}

/* Report Styles */
..pl a, .pl a:visited {
	color: black;
	text-decoration: none;
}

/* table */
..report {
	background-color: white;
	border: 2px solid #acf;
	clear: both;
	color: black;
	font: normal 8pt Helvetica, Arial, san-serif;
	margin-bottom: 2em;
}

..report hr {
	border: 1px solid #acf;
}

/* Top labels */
..report th {
	background-color: #acf;
	color: black;
	font-weight: bold;
	text-align: center;
}

..report th.void	{
	background-color: transparent;
	color: #000000;
	font: bold 10pt Helvetica, Arial, san-serif;
	text-align: left;
}

..report .pl {
	text-align: left;
	vertical-align: top;
	white-space: normal;
	width: 200px;
	white-space: normal; /* word-wrap: break-word; */
}

..report td.pl a.a {
	cursor: pointer;
	display: block;
	width: 200px;
	overflow: hidden;
}

..report td.pl div.a {
	width: 200px;
}

..report td.pl a:hover {
	background-color: #ffc;
}

/* Header rows... */
..report tr.rh {
	background-color: #acf;
	color: black;
	font-weight: bold;
}

/* Calendars... */
..report .rc {
	background-color: #f0f0f0;
}

/* Even rows... */
..report .re, .report .reu {
	background-color: #def;
}

..report .reu td {
	border-bottom: 1px solid black;
}

/* Odd rows... */
..report .ro, .report .rou {
	background-color: white;
}

..report .rou td {
	border-bottom: 1px solid black;
}

..report .rou table td, .report .reu table td {
	border-bottom: 0px solid black;
}

/* styles for footnote marker */
..report .fn {
	white-space: nowrap;
}

/* styles for numeric types */
..report .num, .report .nump {
	text-align: right;
	white-space: nowrap;
}

..report .nump {
	padding-left: 2em;
}

..report .nump {
	padding: 0px 0.4em 0px 2em;
}

/* styles for text types */
..report .text {
	text-align: left;
	white-space: normal;
}

..report .text .big {
	margin-bottom: 1em;
	width: 17em;
}

..report .text .more {
	display: none;
}

..report .text .note {
	font-style: italic;
	font-weight: bold;
}

..report .text .small {
	width: 10em;
}

..report sup {
	font-style: italic;
}

..report .outerFootnotes {
	font-size: 1em;
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>12
<FILENAME>FilingSummary.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version='1.0' encoding='utf-8'?>
<FilingSummary>
  <Version>3.22.4</Version>
  <ProcessingTime/>
  <ReportFormat>html</ReportFormat>
  <ContextCount>1</ContextCount>
  <ElementCount>23</ElementCount>
  <EntityCount>1</EntityCount>
  <FootnotesReported>false</FootnotesReported>
  <SegmentCount>0</SegmentCount>
  <ScenarioCount>0</ScenarioCount>
  <TuplesReported>false</TuplesReported>
  <UnitCount>3</UnitCount>
  <MyReports>
    <Report instance="tm233762d1_8k.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R1.htm</HtmlFileName>
      <LongName>00000001 - Document - Cover</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://playboy.com/role/Cover</Role>
      <ShortName>Cover</ShortName>
      <MenuCategory>Cover</MenuCategory>
      <Position>1</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <LongName>All Reports</LongName>
      <ReportType>Book</ReportType>
      <ShortName>All Reports</ShortName>
    </Report>
  </MyReports>
  <InputFiles>
    <File doctype="8-K" original="tm233762d1_8k.htm">tm233762d1_8k.htm</File>
    <File>plby-20230118.xsd</File>
    <File>plby-20230118_lab.xml</File>
    <File>plby-20230118_pre.xml</File>
    <File>tm233762d1_ex10-1.htm</File>
    <File>tm233762d1_ex99-1.htm</File>
  </InputFiles>
  <SupplementalFiles/>
  <BaseTaxonomies>
    <BaseTaxonomy items="23">http://xbrl.sec.gov/dei/2021q4</BaseTaxonomy>
  </BaseTaxonomies>
  <HasPresentationLinkbase>true</HasPresentationLinkbase>
  <HasCalculationLinkbase>false</HasCalculationLinkbase>
</FilingSummary>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>JSON
<SEQUENCE>14
<FILENAME>MetaLinks.json
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
{
 "instance": {
  "tm233762d1_8k.htm": {
   "axisCustom": 0,
   "axisStandard": 0,
   "baseTaxonomies": {
    "http://xbrl.sec.gov/dei/2021q4": 23
   },
   "contextCount": 1,
   "dts": {
    "inline": {
     "local": [
      "tm233762d1_8k.htm"
     ]
    },
    "labelLink": {
     "local": [
      "plby-20230118_lab.xml"
     ]
    },
    "presentationLink": {
     "local": [
      "plby-20230118_pre.xml"
     ]
    },
    "schema": {
     "local": [
      "plby-20230118.xsd"
     ],
     "remote": [
      "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xl-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xlink-2003-12-31.xsd",
      "http://www.xbrl.org/2005/xbrldt-2005.xsd",
      "http://www.xbrl.org/2006/ref-2006-02-27.xsd",
      "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd",
      "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd",
      "https://www.xbrl.org/2020/extensible-enumerations-2.0.xsd",
      "https://www.xbrl.org/dtr/type/2020-01-21/types.xsd",
      "https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd",
      "https://xbrl.fasb.org/srt/2021/elts/srt-roles-2021-01-31.xsd",
      "https://xbrl.fasb.org/srt/2021/elts/srt-types-2021-01-31.xsd",
      "https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd",
      "https://xbrl.fasb.org/us-gaap/2021/elts/us-roles-2021-01-31.xsd",
      "https://xbrl.fasb.org/us-gaap/2021/elts/us-types-2021-01-31.xsd",
      "https://xbrl.sec.gov/country/2021/country-2021.xsd",
      "https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd"
     ]
    }
   },
   "elementCount": 59,
   "entityCount": 1,
   "hidden": {
    "http://xbrl.sec.gov/dei/2021q4": 2,
    "total": 2
   },
   "keyCustom": 0,
   "keyStandard": 23,
   "memberCustom": 0,
   "memberStandard": 0,
   "nsprefix": "PLBY",
   "nsuri": "http://playboy.com/20230118",
   "report": {
    "R1": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "b",
       "p",
       "body",
       "html"
      ],
      "baseRef": "tm233762d1_8k.htm",
      "contextRef": "From2023-01-18to2023-01-18",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "dei:DocumentType",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "document",
     "isDefault": "true",
     "longName": "00000001 - Document - Cover",
     "menuCat": "Cover",
     "order": "1",
     "role": "http://playboy.com/role/Cover",
     "shortName": "Cover",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "b",
       "p",
       "body",
       "html"
      ],
      "baseRef": "tm233762d1_8k.htm",
      "contextRef": "From2023-01-18to2023-01-18",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "dei:DocumentType",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    }
   },
   "segmentCount": 0,
   "tag": {
    "dei_AmendmentDescription": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Description of changes contained within amended document.",
        "label": "Amendment Description"
       }
      }
     },
     "localname": "AmendmentDescription",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "stringItemType"
    },
    "dei_AmendmentFlag": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.",
        "label": "Amendment Flag"
       }
      }
     },
     "localname": "AmendmentFlag",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_AnnualInformationForm": {
     "auth_ref": [
      "r14"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag with value true on a form if it is an annual report containing an annual information form.",
        "label": "Annual Information Form"
       }
      }
     },
     "localname": "AnnualInformationForm",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_AuditedAnnualFinancialStatements": {
     "auth_ref": [
      "r14"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag with value true on a form if it is an annual report containing audited financial statements.",
        "label": "Audited Annual Financial Statements"
       }
      }
     },
     "localname": "AuditedAnnualFinancialStatements",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_CityAreaCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Area code of city",
        "label": "City Area Code"
       }
      }
     },
     "localname": "CityAreaCode",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_CountryRegion": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Region code of country",
        "label": "Country Region"
       }
      }
     },
     "localname": "CountryRegion",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_CoverAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Cover page.",
        "label": "Cover [Abstract]"
       }
      }
     },
     "localname": "CoverAbstract",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "xbrltype": "stringItemType"
    },
    "dei_CurrentFiscalYearEndDate": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "End date of current fiscal year in the format --MM-DD.",
        "label": "Current Fiscal Year End Date"
       }
      }
     },
     "localname": "CurrentFiscalYearEndDate",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "gMonthDayItemType"
    },
    "dei_DocumentAccountingStandard": {
     "auth_ref": [
      "r13"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The basis of accounting the registrant has used to prepare the financial statements included in this filing This can either be 'U.S. GAAP', 'International Financial Reporting Standards', or 'Other'.",
        "label": "Document Accounting Standard"
       }
      }
     },
     "localname": "DocumentAccountingStandard",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "accountingStandardItemType"
    },
    "dei_DocumentAnnualReport": {
     "auth_ref": [
      "r11",
      "r13",
      "r14"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true only for a form used as an annual report.",
        "label": "Document Annual Report"
       }
      }
     },
     "localname": "DocumentAnnualReport",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_DocumentFiscalPeriodFocus": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fiscal period values are FY, Q1, Q2, and Q3.  1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.",
        "label": "Document Fiscal Period Focus"
       }
      }
     },
     "localname": "DocumentFiscalPeriodFocus",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "fiscalPeriodItemType"
    },
    "dei_DocumentFiscalYearFocus": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "This is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.",
        "label": "Document Fiscal Year Focus"
       }
      }
     },
     "localname": "DocumentFiscalYearFocus",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "gYearItemType"
    },
    "dei_DocumentPeriodEndDate": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period.  The format of the date is YYYY-MM-DD.",
        "label": "Document Period End Date"
       }
      }
     },
     "localname": "DocumentPeriodEndDate",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "dateItemType"
    },
    "dei_DocumentPeriodStartDate": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The start date of the period covered in the document, in YYYY-MM-DD format.",
        "label": "Document Period Start Date"
       }
      }
     },
     "localname": "DocumentPeriodStartDate",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "dateItemType"
    },
    "dei_DocumentQuarterlyReport": {
     "auth_ref": [
      "r12"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true only for a form used as an quarterly report.",
        "label": "Document Quarterly Report"
       }
      }
     },
     "localname": "DocumentQuarterlyReport",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_DocumentRegistrationStatement": {
     "auth_ref": [
      "r0"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true only for a form used as a registration statement.",
        "label": "Document Registration Statement"
       }
      }
     },
     "localname": "DocumentRegistrationStatement",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_DocumentShellCompanyEventDate": {
     "auth_ref": [
      "r13"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Date of event requiring a shell company report.",
        "label": "Document Shell Company Event Date"
       }
      }
     },
     "localname": "DocumentShellCompanyEventDate",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "dateItemType"
    },
    "dei_DocumentShellCompanyReport": {
     "auth_ref": [
      "r13"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true for a Shell Company Report pursuant to section 13 or 15(d) of the Exchange Act.",
        "label": "Document Shell Company Report"
       }
      }
     },
     "localname": "DocumentShellCompanyReport",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_DocumentTransitionReport": {
     "auth_ref": [
      "r15"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true only for a form used as a transition report.",
        "label": "Document Transition Report"
       }
      }
     },
     "localname": "DocumentTransitionReport",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_DocumentType": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.",
        "label": "Document Type"
       }
      }
     },
     "localname": "DocumentType",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "submissionTypeItemType"
    },
    "dei_DocumentsIncorporatedByReferenceTextBlock": {
     "auth_ref": [
      "r3"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Documents incorporated by reference.",
        "label": "Documents Incorporated by Reference [Text Block]"
       }
      }
     },
     "localname": "DocumentsIncorporatedByReferenceTextBlock",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "textBlockItemType"
    },
    "dei_EntityAddressAddressLine1": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Address Line 1 such as Attn, Building Name, Street Name",
        "label": "Entity Address, Address Line One"
       }
      }
     },
     "localname": "EntityAddressAddressLine1",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressAddressLine2": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Address Line 2 such as Street or Suite number",
        "label": "Entity Address, Address Line Two"
       }
      }
     },
     "localname": "EntityAddressAddressLine2",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressAddressLine3": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Address Line 3 such as an Office Park",
        "label": "Entity Address, Address Line Three"
       }
      }
     },
     "localname": "EntityAddressAddressLine3",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressCityOrTown": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the City or Town",
        "label": "Entity Address, City or Town"
       }
      }
     },
     "localname": "EntityAddressCityOrTown",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressCountry": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "ISO 3166-1 alpha-2 country code.",
        "label": "Entity Address, Country"
       }
      }
     },
     "localname": "EntityAddressCountry",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "countryCodeItemType"
    },
    "dei_EntityAddressPostalZipCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Code for the postal or zip code",
        "label": "Entity Address, Postal Zip Code"
       }
      }
     },
     "localname": "EntityAddressPostalZipCode",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressStateOrProvince": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the state or province.",
        "label": "Entity Address, State or Province"
       }
      }
     },
     "localname": "EntityAddressStateOrProvince",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "stateOrProvinceItemType"
    },
    "dei_EntityBankruptcyProceedingsReportingCurrent": {
     "auth_ref": [
      "r6"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "For registrants involved in bankruptcy proceedings during the preceding five years, the value Yes indicates that the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court; the value No indicates the registrant has not.  Registrants not involved in bankruptcy proceedings during the preceding five years should not report this element.",
        "label": "Entity Bankruptcy Proceedings, Reporting Current"
       }
      }
     },
     "localname": "EntityBankruptcyProceedingsReportingCurrent",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityCentralIndexKey": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.",
        "label": "Entity Central Index Key"
       }
      }
     },
     "localname": "EntityCentralIndexKey",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "centralIndexKeyItemType"
    },
    "dei_EntityCommonStockSharesOutstanding": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.",
        "label": "Entity Common Stock, Shares Outstanding"
       }
      }
     },
     "localname": "EntityCommonStockSharesOutstanding",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "sharesItemType"
    },
    "dei_EntityCurrentReportingStatus": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.",
        "label": "Entity Current Reporting Status"
       }
      }
     },
     "localname": "EntityCurrentReportingStatus",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "yesNoItemType"
    },
    "dei_EntityEmergingGrowthCompany": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate if registrant meets the emerging growth company criteria.",
        "label": "Entity Emerging Growth Company"
       }
      }
     },
     "localname": "EntityEmergingGrowthCompany",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityExTransitionPeriod": {
     "auth_ref": [
      "r19"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate if an emerging growth company has elected not to use the extended transition period for complying with any new or revised financial accounting standards.",
        "label": "Elected Not To Use the Extended Transition Period"
       }
      }
     },
     "localname": "EntityExTransitionPeriod",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityFileNumber": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.",
        "label": "Entity File Number"
       }
      }
     },
     "localname": "EntityFileNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "fileNumberItemType"
    },
    "dei_EntityFilerCategory": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.",
        "label": "Entity Filer Category"
       }
      }
     },
     "localname": "EntityFilerCategory",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "filerCategoryItemType"
    },
    "dei_EntityIncorporationStateCountryCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Two-character EDGAR code representing the state or country of incorporation.",
        "label": "Entity Incorporation, State or Country Code"
       }
      }
     },
     "localname": "EntityIncorporationStateCountryCode",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "edgarStateCountryItemType"
    },
    "dei_EntityInteractiveDataCurrent": {
     "auth_ref": [
      "r16"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).",
        "label": "Entity Interactive Data Current"
       }
      }
     },
     "localname": "EntityInteractiveDataCurrent",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "yesNoItemType"
    },
    "dei_EntityPrimarySicNumber": {
     "auth_ref": [
      "r14"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Primary Standard Industrial Classification (SIC) Number for the Entity.",
        "label": "Entity Primary SIC Number"
       }
      }
     },
     "localname": "EntityPrimarySicNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "sicNumberItemType"
    },
    "dei_EntityPublicFloat": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter.",
        "label": "Entity Public Float"
       }
      }
     },
     "localname": "EntityPublicFloat",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "monetaryItemType"
    },
    "dei_EntityRegistrantName": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.",
        "label": "Entity Registrant Name"
       }
      }
     },
     "localname": "EntityRegistrantName",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityShellCompany": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.",
        "label": "Entity Shell Company"
       }
      }
     },
     "localname": "EntityShellCompany",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntitySmallBusiness": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicates that the company is a Smaller Reporting Company (SRC).",
        "label": "Entity Small Business"
       }
      }
     },
     "localname": "EntitySmallBusiness",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityTaxIdentificationNumber": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.",
        "label": "Entity Tax Identification Number"
       }
      }
     },
     "localname": "EntityTaxIdentificationNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "employerIdItemType"
    },
    "dei_EntityVoluntaryFilers": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate 'Yes' or 'No' if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.",
        "label": "Entity Voluntary Filers"
       }
      }
     },
     "localname": "EntityVoluntaryFilers",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "yesNoItemType"
    },
    "dei_EntityWellKnownSeasonedIssuer": {
     "auth_ref": [
      "r17"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate 'Yes' or 'No' if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.",
        "label": "Entity Well-known Seasoned Issuer"
       }
      }
     },
     "localname": "EntityWellKnownSeasonedIssuer",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "yesNoItemType"
    },
    "dei_Extension": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Extension number for local phone number.",
        "label": "Extension"
       }
      }
     },
     "localname": "Extension",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_LocalPhoneNumber": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Local phone number for entity.",
        "label": "Local Phone Number"
       }
      }
     },
     "localname": "LocalPhoneNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_NoTradingSymbolFlag": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true only for a security having no trading symbol.",
        "label": "No Trading Symbol Flag"
       }
      }
     },
     "localname": "NoTradingSymbolFlag",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "trueItemType"
    },
    "dei_OtherReportingStandardItemNumber": {
     "auth_ref": [
      "r13"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "\"Item 17\" or \"Item 18\" specified when the basis of accounting is neither US GAAP nor IFRS.",
        "label": "Other Reporting Standard Item Number"
       }
      }
     },
     "localname": "OtherReportingStandardItemNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "otherReportingStandardItemNumberItemType"
    },
    "dei_PreCommencementIssuerTenderOffer": {
     "auth_ref": [
      "r7"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.",
        "label": "Pre-commencement Issuer Tender Offer"
       }
      }
     },
     "localname": "PreCommencementIssuerTenderOffer",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_PreCommencementTenderOffer": {
     "auth_ref": [
      "r8"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.",
        "label": "Pre-commencement Tender Offer"
       }
      }
     },
     "localname": "PreCommencementTenderOffer",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_Security12bTitle": {
     "auth_ref": [
      "r1"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Title of a 12(b) registered security.",
        "label": "Title of 12(b) Security"
       }
      }
     },
     "localname": "Security12bTitle",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "securityTitleItemType"
    },
    "dei_Security12gTitle": {
     "auth_ref": [
      "r5"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Title of a 12(g) registered security.",
        "label": "Title of 12(g) Security"
       }
      }
     },
     "localname": "Security12gTitle",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "securityTitleItemType"
    },
    "dei_SecurityExchangeName": {
     "auth_ref": [
      "r4"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the Exchange on which a security is registered.",
        "label": "Security Exchange Name"
       }
      }
     },
     "localname": "SecurityExchangeName",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "edgarExchangeCodeItemType"
    },
    "dei_SecurityReportingObligation": {
     "auth_ref": [
      "r9"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "15(d), indicating whether the security has a reporting obligation under that section of the Exchange Act.",
        "label": "Security Reporting Obligation"
       }
      }
     },
     "localname": "SecurityReportingObligation",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "securityReportingObligationItemType"
    },
    "dei_SolicitingMaterial": {
     "auth_ref": [
      "r10"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.",
        "label": "Soliciting Material"
       }
      }
     },
     "localname": "SolicitingMaterial",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_TradingSymbol": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Trading symbol of an instrument as listed on an exchange.",
        "label": "Trading Symbol"
       }
      }
     },
     "localname": "TradingSymbol",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "tradingSymbolItemType"
    },
    "dei_WrittenCommunications": {
     "auth_ref": [
      "r18"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.",
        "label": "Written Communications"
       }
      }
     },
     "localname": "WrittenCommunications",
     "nsuri": "http://xbrl.sec.gov/dei/2021q4",
     "presentation": [
      "http://playboy.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    }
   },
   "unitCount": 3
  }
 },
 "std_ref": {
  "r0": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r1": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r10": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "14a",
   "Subsection": "12",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r11": {
   "Name": "Form 10-K",
   "Number": "249",
   "Publisher": "SEC",
   "Section": "310",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r12": {
   "Name": "Form 10-Q",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "308",
   "Subsection": "a",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r13": {
   "Name": "Form 20-F",
   "Number": "249",
   "Publisher": "SEC",
   "Section": "220",
   "Subsection": "f",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r14": {
   "Name": "Form 40-F",
   "Number": "249",
   "Publisher": "SEC",
   "Section": "240",
   "Subsection": "f",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r15": {
   "Name": "Forms 10-K, 10-Q, 20-F",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "13",
   "Subsection": "a-1",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r16": {
   "Name": "Regulation S-T",
   "Number": "232",
   "Publisher": "SEC",
   "Section": "405",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r17": {
   "Name": "Securities Act",
   "Number": "230",
   "Publisher": "SEC",
   "Section": "405",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r18": {
   "Name": "Securities Act",
   "Number": "230",
   "Publisher": "SEC",
   "Section": "425",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r19": {
   "Name": "Securities Act",
   "Number": "7A",
   "Publisher": "SEC",
   "Section": "B",
   "Subsection": "2",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r2": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b-2",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r3": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b-23",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r4": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "d1-1",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r5": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "g",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r6": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12, 13, 15d",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r7": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "13e",
   "Subsection": "4c",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r8": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "14d",
   "Subsection": "2b",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r9": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "15",
   "Subsection": "d",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  }
 },
 "version": "2.2"
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>ZIP
<SEQUENCE>15
<FILENAME>0001104659-23-004477-xbrl.zip
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 0001104659-23-004477-xbrl.zip
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M]OY=8E=@]!O6@,#*($#IM6<"(P/&42T"%2$HC_&/SCQ--T2\"2!+B">,0/,
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M+M(C#V^]9[&H>GL]*EXT$J+N*P&%CS@I&1:+N!;.4.<W>Z(?B"$;+T,Q\)6
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M;7"2\>-H;H7KN\SD[VBU/@8?, 3+0<.#N<D4(!SQ[DC_V(!&DZOU YU2Y99
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MR^"EB)JF'WH48HNUD@5B*4<RQ")#'BR,RU-3.J.8)_=75Z UZ<00]1#H,&G
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M'_.-HWL[+I(^:/Y*'RPI??# ?7S>+WQ>'+T]W;O\V.U<_.Q?RXT_E)*I(/6
MABTO?1 O6?"0=X=S4?5,W;-KAK;**)BR*$A%361U&V9$Y#E9M.)[8LCMOC[M
M3OZ^:H!6?8A7'M)P/ R&K@=RQWSI5.2#/DXTU_3.W#G[V ]X++K2.58Q0(,F
MZYM"_<$^AKPI/WG)Y<+:Z1^YF@=JV">O(2* 5O4>G^7!(S9@P/WISN,\H ?/
MUMR$Z5C%K[#VT /F[H(^G_[<M(#?'MCY]RR'/BRRP]ZJHX%M\&)]89-E!?(<
M4S7>3[["EV9></O!S=C)<3.>>4VI+UJ\C,++,\(6MGY;K]B9S'/ML!/\Q/E/
M: PO:IGF^1*5GFM.=_$7\&3MW32R+@0 (F7-Q)R\8D<'],M5=6O_BD[\RNH]
MFH[ZB7>3PZ^?.L>WUWOONYW*A[/FY;8=? NLX*AR<C&V#B^NK8K5K-O&I_K'
MS7=>[>*T=;%M?'[_H=L>_7G]_</@>V=D\XT/;N_[D5\96']^NCS^(CY\:8[>
MM]P3<?UYH][N6[UF[5-OLO6MN7E3WS_^Z_KM^>7[=ZU/W9;;.ZO71\?=#^V+
M/XVO_'UWLG_:^3IZ^\?'9N>O[U7[XQ]N^ZMY]FUO]/'X[&"OYIUVQOV;C^^Z
ME8_7'RJ?O6_?W>'G:G6TU[7?WO2G;\_>'4TVC^U/!W\<]X87DY/NY8'[;KCO
MC9V;[U[/[G6_?_2/-R;;]A^-;N7V2[\S_/3N?/#FC43)_P%02P,$%     @
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M@G&4?R3:Q8)Z-J8P,CN01,59A-I=I<3]H/D+_!:<<#=-;L@?F1Z.*;&4E)9
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ME&DLS4116P'- / ?BF)_,.KW[_=;J2C8SK'<;I1/(XY$!>^IBU)(^B\13_T
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MKB2; YH41%W%RI&KOW,=X9::%@%3$;")VBPXD2TQ-T%TSV&'+@.?VE3.E(;
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M5UJZ84<XFF#AV6AUJ[$%\PK9)E)+#F=%]U$<N9.R@F^0P]&NX8,7V3G00EW
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MO# SA(05F</&>NM9*$V?N<3 X6^4,5\3=4BJN&H%:4.$F35I#4SPHO:E"4!
MDDA2#,_M?-T8$4U% K8$<)F));P@5<YRJE( :@&9=+OB>6-%7LBY6^BJ/0FV
MU7+ ^Z*0JYE9)82X*=NL;6E<#8.4FGFI?^&" :]W,5&Z,K; [LSJ2SIJY@LC
M;(HR4Q324FJ$/*?P589 D'BZ0))59B'][5V8KQGNC,12ZH*/)@-<8<T;A/BU
M L3I_0F6-65-2NUO&!(OB@ GTT,.!/</PS?R5ERKH#)24]3$DBOV#)*JBLJ
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M4$L! A0#%     @ :DHR5J]",_@Z P  \@L  !$              ( !
M '!L8GDM,C R,S Q,3@N>'-D4$L! A0#%     @ :DHR5O?]@G?_"@  ;(<
M !4              ( !:0,  '!L8GDM,C R,S Q,3A?;&%B+GAM;%!+ 0(4
M Q0    ( &I*,E:9"3'850<  +]8   5              "  9L.  !P;&)Y
M+3(P,C,P,3$X7W!R92YX;6Q02P$"% ,4    " !J2C)6Y5O_Y(HA  "UJ@
M$0              @ $C%@  =&TR,S,W-C)D,5\X:RYH=&U02P$"% ,4
M" !J2C)6Z[%3/^Q5   ,&P( %0              @ '<-P  =&TR,S,W-C)D
M,5]E>#$P+3$N:'1M4$L! A0#%     @ :DHR5H=N<]2Z$   DCT  !4
M         ( !^XT  '1M,C,S-S8R9#%?97@Y.2TQ+FAT;5!+!08     !@ &
+ (H!  #HG@     !

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
