Exhibit 10.1


 





AMENDMENT NO. 1

TO THE

INVESTMENT MANAGEMENT TRUST AGREEMENT


 


This Amendment No. 1 (this
“Amendment”) to the Investment Management Trust Agreement is made as of May 5, 2020 by and between Alberton
Acquisition Corporation, a British Virgin Islands Company (the “Company”), and Continental Stock Transfer
& Trust Company, a New York corporation (the “Trustee”). All terms used but not defined herein shall
have the meanings assigned to them in the Trust Agreement.


 


WHEREAS, the Company and
the Trustee entered into the Investment Management Trust Agreement (“Trust Agreement”) effective as of
October 23, 2018;


 


WHEREAS, Section 1(i) of
the Trust Agreement sets forth the terms that govern the liquidation of the Trust Account under the circumstances described therein;


 


WHEREAS, at a special meeting
of stockholders of the Company (the “Special Meeting”) held on April 23, 2020, holders of at least 65%
of the Company’s outstanding shares approved a proposal to amend (the “Extension Amendment”) the
Company’s amended and restated memorandum and articles of association (as may amended from time to time, the “M&A”)
to extend the date by which the Company shall be required to effect a Business Combination from April 27, 2020 to October 26, 2020
or such earlier date determined by the Board (the “Extended Date”); and


 


WHEREAS, on the date hereof,
the Company has filed the Extension Amendment with the Registrar of Corporate Affairs in the British Virgin Islands.


 


NOW THEREFORE, in consideration
of the mutual agreements contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, and intending to be legally bound hereby, the parties hereto agree as follows:


 


1. Section 1(i) of the
Trust Agreement is hereby amended and restated in its entirety as follows:


 


		(i)	Commence liquidation of the Trust Account only after and promptly after receipt of, and only in
accordance with, the terms of a letter (“Termination Letter”), in a form substantially similar to that attached hereto
as either Exhibit A or Exhibit B, signed on behalf of the Company by its President, Chief Executive Officer or Chairman of the
Board and Chief Financial Officer and, in the case of a Termination Letter in a form substantially similar to that attached hereto
as Exhibit A, acknowledged and agreed to by Chardan, and complete the liquidation of the Trust Account and distribute the Property
in the Trust Account only as directed in the Termination Letter and the other documents referred to therein; provided, however,
that in the event that a Termination Letter has not been received by the Trustee by the 24-month anniversary of the closing of
the IPO (“Closing”), the “Last Date”), the Trust Account shall be liquidated in accordance with the procedures
set forth in the Termination Letter attached as Exhibit B hereto and distributed to the Public Shareholders as of the Last Date.



 


		2.	All other provisions of the Trust Agreement shall remain unaffected by the terms hereof. This Amendment may be signed
in any number of counterparts, each of which shall be an original and all of which shall be deemed to be one and the same instrument,
with the same effect as if the signatures thereto and hereto were upon the same instrument. A facsimile signature shall be deemed
to be an original signature for purposes of this Amendment.



 






    


     


    

 


		3.	This Amendment is intended to be in full compliance with the requirements for an Amendment to the
Trust Agreement as required by Section 6(c) of the Trust Agreement, and every defect in fulfilling such requirements for an effective
amendment to the Trust Agreement is hereby ratified, intentionally waived and relinquished by all parties hereto.






		4.	This Amendment shall be governed by and construed and enforced in accordance with the laws of the
State of New York, without giving effect to conflicts of law principles that would result in the application of the substantive
laws of another jurisdiction.



 


 


[Signature Page Follows]


 



    


     


    




 


 


IN WITNESS WHEREOF, the
parties have duly executed this Amendment to the Investment Management Trust Agreement as of the date first written above.


 


 


 


 


CONTINETNAL STOCK TRANSFER &
TRUST COMPANY, as Trustee


 


 


By: /s/Francis
Wolf


Name: Francis
Wolf


Title: Vice President


 


 


 


 


 


ALBERTON ACQUISITION
CORPORATION


 


By: /s/ Guan Wang


Name: Guan Wang


Title: Chief
Executive Officer and Chairman


 


 


 


 


[Signature Page to Amendment No. 1 to the
Investment Management Trust Agreement]