Exhibit 10.1


 





ASSIGNMENT AGREEMENT


 


THIS ASSIGNMENT AGREEMENT
(this “Assignment Agreement”) is made and entered into as of April 15, 2020 by Yunhong International,
a Cayman Islands exempted company (the “Company”), LF International Pte. Ltd., a Cayman Islands exempted
company (the “Sponsor”), and Shanghai Huan Tai Financial Advisory Co., Ltd., a Chinese limited liability
company (“Huan Tai”). Reference is hereby made to that Administrative Services Agreement, dated as of
February 12, 2020 (as it may be amended from time to time, including by this Assignment Agreement, the “Administrative
Services Agreement”), by and between the Company and the Sponsor. Capitalized terms used and not otherwise defined
herein shall have the meanings assigned to them in the Administrative Services Agreement.


 


WITNESSETH THAT:


 


WHEREAS, the
Sponsor wishes to assign all of its rights and obligations under the Administrative Services Agreement (the “Assignment”)
to Huan Tai and Huan Tai wishes to accept such Assignment;


 


WHEREAS, Huan
Tai wishes to become a party to the Administrative Services Agreement and bound by the terms thereof in accordance with the terms
of this Assignment Agreement, and each of the Company and the Sponsor desires to have Huan Tai become a party to the Administrative
Services Agreement in accordance with the terms of this Assignment Agreement; and


 


WHEREAS, the
parties wish to accommodate the Assignment pursuant to the terms and conditions of this Assignment Agreement.


 


NOW, THEREFORE,
in consideration of the mutual covenants and agreements set forth herein, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:


 


1. Pursuant to the Administrative Services Agreement, each of the parties hereto acknowledges and agrees that upon execution
of this Assignment Agreement, Huan Tai shall become a party to the Administrative Services Agreement, and will be fully bound by,
and subject to, all of the terms and conditions of the Administrative Services Agreement, as amended or modified by this Assignment
Agreement, as if Huan Tai was the Sponsor, effective as of the date hereof.


 


2. The Sponsor and Huan Tai agree to execute and deliver such further instruments and documents and do such further acts as
may be reasonably necessary or proper to carry out more effectively the purposes of this Assignment Agreement or the Administrative
Services Agreement.


 


3. THIS ASSIGNMENT AGREEMENT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE
OF NEW YORK, WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES. This Assignment Agreement and the Administrative Services Agreement,
together with the other documents or instruments attached thereto or referenced therein, constitutes the entire agreement by Huan
Tai with respect to the subject matter hereof and thereof, and supersedes all prior agreements and understandings, both oral and
written, by Huan Tai with respect to their subject matter. The terms of this Assignment Agreement shall be governed by, enforced,
construed and interpreted in a manner consistent with the provisions of the Administrative Services Agreement.


 


[Signature Page Follows]


 




     


     


    

 


IN WITNESS WHEREOF,
the undersigned, by authority duly given, has caused this Assignment Agreement to be executed and delivered by the undersigned
or by its duly authorized officer as of the date first written above.


 





	 	SHANGHAI HUAN TAI FINANCIAL ADVISORY CO., LTD.
	 	 	 
	 	 	 
	 	By:	/s/ Xiaoyue Zhang
	 	Name:	Xiaoyue Zhang
	 	Title:	Director
	 	 	 
	 	 	 
	 	YUNHONG INTERNATIONAL
	 	 
	 	 	 
	 	By: 	/s/ Patrick Orlando
	 	Name: 	Patrick Orlando
	 	Title: 	Chief Executive Officer
	 	 	 
	 	 	 
	 	LF INTERNATIONAL PTE. LTD.
	 	 
	 	 	 
	 	By: 	/s/ Yubao Li
	 	Name: 	Yubao Li
	 	Title: 	Managing Member