Document:

Exhibit 10.7

 

EARLYBIRDCAPITAL, INC.

366 Madison Avenue

New York, New York 10017

 

October 17, 2019

 

Galileo Acquisition Corp.

1049 Park Ave. 14A

New York, NY 10028

Attn: Luca Giacometti, Chairman and Chief
Executive Officer

 

Ladies and Gentlemen:

 

This is to confirm our agreement (this “Agreement”)
whereby Galileo Acquisition Corp., a Cayman Islands exempted company (“Company”), has requested EarlyBirdCapital,
Inc. (the “Advisor”) to assist it in connection with the Company merging with, acquiring shares of, engaging
in a share exchange, share reconstruction, recapitalization and amalgamation, purchasing all or substantially all of the assets
of, entering into contractual arrangements, or engaging in any other similar business combination (in each case, a “Business
Combination”) with one or more businesses or entities (each a “Target”) as described in the Company’s
Registration Statement on Form S-1 (File No. 333-234049) filed with the Securities and Exchange Commission (“Registration
Statement”) in connection with its initial public offering (“IPO”).

 

1.            
Services and Fees.

 

(a)          
The Advisor will, if requested by the Company:

 

		(i)	Assist the Company in the transaction structuring and negotiation of a definitive purchase agreement with respect to the Business
Combination;

 

		(ii)	Hold meetings with Company shareholders to discuss the Business Combination and the Target’s attributes;

 

		(iii)	Introduce the Company to potential investors to purchase the Company’s securities in connection with the Business Combination;

 

		(iv)	Assist the Company in trying to obtain shareholder approval for the Business Combination, including assistance with the Company’s
proxy statement or tender offer materials; and

 

     

    

    

 

		(v)	Assist the Company with relevant financial analysis, presentations, press releases and filings related to the Business Combination
or the Target.

 

(b)         
As compensation for the foregoing services, the Company will pay the Advisor a cash fee equal to 3.5% of the gross proceeds
received by the Company in the IPO (“Transaction Fee”); provided, that, in the Company’s discretion, up to 25%
of the Fee may be paid to third parties who are investment banks or financial advisory firms not participating in the IPO that
assist the Company in consummating a Business Combination.

 

(c)         
In addition to the Transaction Fee, the Company shall pay to Advisor a cash fee equal to 1.0% of the Total Consideration
(as the term “Total Consideration” is defined below) in the event Advisor introduces the Company to the Target with
which the Company completes a Business Combination (“Finder Fee” and together with the Transaction Fee, the
 “Fee”).

 

(d)         The Transaction Fee and any Finder Fee, if applicable, shall be payable in cash and is due and payable to the Advisor by
wire transfer at the closing of the Business Combination (“Closing”) from the Trust Account (defined below);
provided that the Finder Fee shall not be paid prior to the date that is 90 days from the effective date of the Registration Statement
unless the Financial Industry Regulatory Authority determines that such payment would not be deemed underwriters’ compensation
in connection with the IPO. If a proposed Business Combination is not consummated for any reason, no Fee shall be due or payable
to the Advisor hereunder.

 

(e)         
For purposes of this Agreement, “Total Consideration” shall mean the total value of all cash, securities, or
other property paid or transferred at the Closing (or Closings) by or to the Company, the Target and/or their respective shareholders
or to be paid or transferred in the future to such parties with respect to such Business Combination (other than payments of interest
or dividends), including, without limitation, any value paid in respect of (i) the assets of the Company or Target, (ii) the share
capital of the Company or Target (and any securities convertible into options, warrants or other rights to acquire such shares),
and (iii) the assumption, retirement or defeasance, directly or indirectly (by operation of law or otherwise), of any long-term
liabilities of the Company or Target or repayment of indebtedness, including, without limitation, indebtedness secured by the
assets of the Company or Target, capital leases or preferred shares obligations. Notwithstanding the foregoing, if the Business
Combination contemplates the Target or newly formed holding company being the surviving entity in the Business Combination and
issuing its securities to the Company as consideration, the Total Consideration will be deemed to be the fair market value of
the Target as indicated in the Business Combination’s definitive acquisition agreement and proxy materials. If Total Consideration
paid or transferred in the Business Combination includes non-cash consideration consisting of ordinary shares, options, warrants
or rights for which a public trading market existed prior to the Closing, then the value of such securities shall be determined
by the closing or last sales price thereof on the date that is two business days prior to the record date for the vote on the
Business Combination. If all or a portion of the Total Consideration paid or transferred in the Business Combination is other
than cash and securities (as described above), then the value of such other consideration shall be the fair market value thereof
on the Closing as mutually agreed upon in good faith by the Company and Advisor. Any amounts payable or transferable to

 

    2

    

    

 

the Company or Target, or any affiliate of the Company or Target or any shareholder of the
Company or Target in connection with a non-competition agreement or any employment, consulting, licensing, supply, transfer, assignment,
forbearance or other agreement (whether by separate agreement or in the Transactions documents), to the extent that such amounts
payable are greater than what would customarily be paid on an arms-length basis, shall be deemed to be part of the consideration
paid in the Business Combination. If all or a portion of the Total Consideration payable or transferable in connection with a Business
Combination includes future payments, whether or not in escrow, then the Company shall pay Advisor any additional cash fee, determined
in accordance with this Section 1, when, and if such payments are made.

 

2.            
Expenses.

 

At the Closing, the Company shall reimburse
the Advisor up to $20,000 for its reasonable costs and expenses incurred (including its fees and disbursements of counsel) in connection
with the performance of its services hereunder; provided, however, that all expenses in excess of $5,000 in the aggregate shall
be subject to the Company’s prior written approval, which approval shall not be unreasonably withheld. Reimbursable expenses
shall be due and payable to the Advisor by wire transfer at the Closing from the Trust Account.

 

3.            
Company Cooperation.

 

The Company will cooperate with the Advisor
including, but not limited to, providing to the Advisor and its counsel, on a timely basis, all documents and information regarding
the Company and Target that the Advisor may reasonably request or that are otherwise relevant to the Advisor’s performance
of its obligations hereunder (collectively, the “Information”); making the Company’s management, auditors,
consultants and advisors available to the Advisor; and, using commercially reasonable efforts to provide the Advisor with reasonable
access to the management, auditors, suppliers, customers, consultants and advisors of Target. The Company will promptly notify
the Advisor of any change in facts or circumstances or new developments affecting the Company or Target or that might reasonably
be considered material to the Advisor’s engagement hereunder.

 

4.             
Representations; Warranties and Covenants.

 

 

The
Company represents, warrants and covenants to the Advisor that all Information it makes available to the Advisor by or on behalf
of the Company in connection with the performance of its obligations hereunder will not contain any untrue statement of a material
fact or omit to state a material fact necessary in order to make statements made, in light of the circumstances under which they
were made, not misleading as of the date thereof and as of the consummation of the Business Combination.

 

5.            
Indemnity.

 

The Company shall indemnify the Advisor
and its affiliates and their respective directors, officers, employees, shareholders, representatives and agents in accordance
with the

 

    3

    

    

 

indemnification provisions set forth in Annex I hereto, all of which are incorporated herein by reference.

 

Notwithstanding the foregoing and Annex
I, the Advisor agrees, if there is no Closing, (i) that it does not have any right, title, interest or claim of any kind in or
to any monies in the Company’s trust account established in connection with the IPO (“Trust Account”)
with respect to the Fee (each, a “Claim”); (ii) to waive any Claim it may have in the future as a result of,
or arising out of, any services provided to the Company hereunder; and (iii) to not seek recourse against the Trust Account with
respect to the Fee.

 

6.            
Use of Name and Reports.

 

Without the Advisor’s prior written
consent, neither the Company nor any of its affiliates (nor any director, officer, manager, partner, member, employee, representative
or agent thereof) shall quote or refer to, in any filings with the Securities and Exchange Commission, any advice rendered by the
Advisor to the Company or any communication from the Advisor, in each case, in connection with performance of the Advisor’s
services hereunder, except as required by applicable federal or state law, regulation or securities exchange rule.

 

7.            
Status as Independent Contractor.

 

Advisor shall perform its services as an
independent contractor and not as an employee of the Company or affiliate thereof. It is expressly understood and agreed to by
the parties that the Advisor shall have no authority to act for, represent or bind the Company or any affiliate thereof in any
manner, except as may be expressly agreed to by the Company in writing. In rendering such services, the Advisor will be acting
solely pursuant to a contractual relationship on an arm’s-length basis. This Agreement is not intended to create a fiduciary
relationship between the parties and neither the Advisor nor any of the Advisor’s officers, directors or personnel will owe
any fiduciary duty to the Company or any other person in connection with any of the matters contemplated by this Agreement.

 

8.            
Potential Conflicts.

 

The Company acknowledges that the Advisor
is a full-service securities firm engaged in securities trading and brokerage activities and providing investment banking and advisory
services from which conflicting interests may arise. Subject to applicable law, in the ordinary course of business, the Advisor
and its affiliates may at any time hold long or short positions, and may trade or otherwise effect transactions, for their own
account or the accounts of customers, in debt or equity securities of the Company, its affiliates or other entities that may be
involved in the transactions contemplated hereby. Nothing in this Agreement shall be construed to limit or restrict the Advisor
or any of its affiliates in conducting such business.

 

9.             
Entire Agreement.

 

This Agreement constitutes the entire understanding
between the parties with respect to the subject matter hereof and supersedes all prior agreements and understandings, oral or written,

 

    4

    

    

 

with respect thereto. This Agreement may not be modified or terminated orally or in any manner other than by an agreement in writing
signed by the parties hereto.

 

10.           
Notices.

 

Any notices required or permitted to be
given hereunder shall be in writing and shall be deemed given when mailed by certified mail or private courier service, return
receipt requested, addressed to each party at its respective addresses set forth above, or such other address as may be given by
a party in a notice given pursuant to this Section.

 

11.          
Successors and Assigns.

 

This Agreement may not be assigned by either
party without the written consent of the other. This Agreement shall be binding upon and shall inure to the benefit of the parties
hereto and, except where prohibited, to their successors and assigns.

 

12.          
Non-Exclusivity.

 

Nothing herein shall be deemed to restrict
or prohibit the engagement by the Company of other consultants providing the same or similar services or the payment by the Company
of fees to such other consultants. Except as provided in Section 1(b), the Company’s engagement of any other consultant(s)
shall not affect the Advisor’s right to receive the Fee and reimbursement of expenses pursuant to this Agreement.

 

13.          
Applicable Law; Venue.

 

This Agreement shall
be construed and enforced in accordance with the laws of the State of New York without giving effect to conflict of laws.

 

In the event of any
dispute under this Agreement, then and in such event, each party hereto agrees that the dispute shall either be (i) resolved through
final and binding arbitration in accordance with the International Arbitration Rules of the American Arbitration Association (“AAA”)
or (ii) brought and enforced in the courts of the State of New York, County of New York under the accelerated adjudication procedures
of the Commercial Division, or the United States District Court for the Southern District of New York, in each event at the discretion
of the party initiating the dispute. Once a party files a dispute (if arbitration, by sending JAMS a Demand for Arbitration) with
one of the above forums, the parties agree that all issues regarding such dispute or this Agreement must be resolved before such
forum rather than seeking to resolve it through another alternative forum set forth above.

 

In the event the dispute
is brought before the AAA, the arbitration shall be brought before the AAA International Center for Dispute Resolution’s
offices in New York City, New York, will be conducted in English and will be decided by a panel of three arbitrators selected
from the AAA Commercial Disputes Panel. Each of the parties agrees that the decision and/or award made by the arbitrators shall
be final and enforceable by any court having jurisdiction over the party from whom enforcement is sought. Furthermore, the parties
to any such arbitration shall be entitled to make one

 

    5

    

    

 

motion for summary judgment within 60 days of the commencement of the arbitration,
which shall be decided by the arbitrator[s] prior to the commencement of the hearings.

 

In the event the dispute
is brought by a party in the courts of the State of New York or the United States District Court for the Southern District of New
York, each party irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive. Each party hereby waives any
objection to such exclusive jurisdiction and that such courts represent an inconvenient forum. Any such process or summons to be
served upon a party may be served by transmitting a copy thereof by registered or certified mail, postage prepaid, addressed to
such party at the address set forth at the beginning of this Agreement. Such mailing shall be deemed personal service and shall
be legal and binding upon the party being served in any action, proceeding or claim. The parties agree that the prevailing party(ies)
in any such action shall be entitled to recover from the other party(ies) all of its reasonable attorneys’ fees and expenses
relating to such action or proceeding and/or incurred in connection with the preparation therefor.

 

The Company hereby
appoints, without power of revocation, Ellenoff Grossman & Schole LLP, 1345 Avenue of the Americas, New York, New York 10105,
Fax: (212) 370-7889, Attn: Stuart Neuhauser, Esq., as its agent to accept and acknowledge on its behalf service of any and all
process which may be served in any arbitration, action, proceeding or counterclaim in any way relating to or arising out of this
Agreement. The Company further agrees to take any and all action as may be necessary to maintain such designation and appointment
of such agent in full force and effect for a period of seven years from the date of this Agreement.

 

14.           Counterparts.

 

This
Agreement may be executed in several original or facsimile counterparts, each one of which shall constitute an original, and together
shall constitute but one instrument.

 

    6

    

    

 

If the foregoing correctly sets forth the
understanding between the Advisor and the Company with respect to the foregoing, please so indicate your agreement by signing in
the place provided below, at which time this letter shall become a binding contract.

 

	 	EARLYBIRDCAPITAL, INC.
	 	 
	 	 
	 	By:	/s/ Steven Levine
	 	Name:	Steven Levine
	 	Title:	CEO

 

AGREED AND ACCEPTED BY:

 

GALILEO ACQUISITION CORP.

 

 

	By:	 /s/ Luca Giacometti	 
	Name:	 Luca Giacometti	 
	Title:	Chief Executive Officer	 

 

    7

    

    

 

ANNEX I

 

Indemnification

 

In connection with the Company's engagement
of EarlyBirdCapital, Inc. (the “Advisor”) pursuant to that certain letter agreement (“Agreement”)
of which this Annex forms a part, Galileo Acquisition Corp. (the “Company”) hereby agrees, subject to the second
paragraph of Section 5 of the Agreement, to indemnify and hold harmless the Advisor and its affiliates and their respective directors,
officers, shareholders, agents and employees of any of the foregoing (collectively the “Indemnified Persons”),
from and against any and all claims, actions, suits, proceedings (including those of shareholders), damages, liabilities and expenses
incurred by any of them (including the reasonable fees and expenses of counsel), as incurred, (collectively a “Claim”),
that (A) are related to or arise out of (i) any actions taken or omitted to be taken (including any untrue statements made or any
statements omitted to be made) by the Company, or (ii) any actions taken or omitted to be taken by any Indemnified Person in connection
with the Company's engagement of the Advisor, or (B) otherwise relate to or arise out of the Advisor's activities on the Company's
behalf under the Advisor's engagement, and the Company shall reimburse any Indemnified Person for all expenses (including the reasonable
fees and expenses of counsel) as incurred by such Indemnified Person in connection with investigating, preparing or defending any
such claim, action, suit or proceeding, whether or not in connection with pending or threatened litigation in which any Indemnified
Person is a party. The Company will not, however, be responsible for any Claim that is finally judicially determined to have resulted
from the gross negligence or willful misconduct of any person seeking indemnification for such Claim. The Company further agrees
that no Indemnified Person shall have any liability to the Company for or in connection with the Company's engagement of the Advisor
except for any Claim incurred by the Company as a result of such Indemnified Person's gross negligence or willful misconduct.

 

The Company further agrees that it will
not, without the prior written consent of the Advisor, settle, compromise or consent to the entry of any judgment in any pending
or threatened Claim in respect of which indemnification may be sought hereunder (whether or not any Indemnified Person is an actual
or potential party to such Claim), unless such settlement, compromise or consent includes an unconditional, irrevocable release
of each Indemnified Person from any and all liability arising out of such Claim.

 

Promptly upon receipt by an Indemnified
Person of notice of any complaint or the assertion or institution of any Claim with respect to which indemnification is being
sought hereunder, such Indemnified Person shall notify the Company in writing of such complaint or of such assertion or institution
but failure to so notify the Company shall not relieve the Company from any obligation it may have hereunder, except and only
to the extent such failure results in the forfeiture by the Company of substantial rights and defenses. If the Company so elects
or is requested by such Indemnified Person, the Company will assume the defense of such Claim, including the employment of counsel
reasonably satisfactory to such Indemnified Person and the payment of the fees and expenses of such counsel. In the event, however,
that legal counsel to

 

    8

    

    

 

such Indemnified Person reasonably determines that having common counsel would present such counsel with
a conflict of interest or if the defendant in, or target of, any such Claim, includes an Indemnified Person and the Company, and
legal counsel to such Indemnified Person reasonably concludes that there may be legal defenses available to it or other Indemnified
Persons different from or in addition to those available to the Company, then such Indemnified Person may employ its own separate
counsel to represent or defend him, her or it in any such Claim and the Company shall pay the reasonable fees and expenses of
such counsel. Notwithstanding anything herein to the contrary, if the Company fails timely or diligently to defend, contest, or
otherwise protect against any Claim, the relevant Indemnified Party shall have the right, but not the obligation, to defend, contest,
compromise, settle, assert crossclaims, or counterclaims or otherwise protect against the same, and shall be fully indemnified
by the Company therefor, including without limitation, for the reasonable fees and expenses of its counsel and all amounts paid
as a result of such Claim or the compromise or settlement thereof.

 

In addition, with respect to any Claim in
which the Company assumes the defense, the Indemnified Person shall have the right to participate in such Claim and to retain his,
her or its own counsel therefor at his, her or its own expense.

 

The Company agrees that if any indemnity
sought by an Indemnified Person hereunder is held by a court to be unavailable for any reason then (whether or not the Advisor
is an Indemnified Person), the Company and the Advisor shall contribute to the Claim for which such indemnity is held unavailable
in such proportion as is appropriate to reflect the relative benefits to the Company, on the one hand, and the Advisor on the other,
in connection with the Advisor's engagement referred to above, subject to the limitation that in no event shall the amount of the
Advisor's contribution to such Claim exceed the amount of fees actually received by the Advisor from the Company pursuant to the
Advisor's engagement. The Company hereby agrees that the relative benefits to the Company, on the one hand, and the Advisor on
the other, with respect to the Advisor’s engagement shall be deemed to be in the same proportion as (a) the total value paid
or proposed to be paid or received by the Company or its shareholders as the case may be, pursuant to the transaction (whether
or not consummated) for which the Advisor is engaged to render services bears to (b) the fee paid or proposed to be paid to the
Advisor in connection with such engagement.

 

The Company's indemnity, reimbursement and
contribution obligations under this Agreement (a) shall be in addition to, and shall in no way limit or otherwise adversely affect
any rights that any Indemnified Party may have at law or at equity and (b) shall be effective whether or not the Company is at
fault in any way.

 

    9Exhibit 10.8

 

SHARE ESCROW AGREEMENT

 

SHARE ESCROW AGREEMENT, dated as of October
17, 2019 (“Agreement”), by and among Galileo Acquisition Corp., a Cayman Islands exempted company (the “Company”),
the individuals and entities listed on the signature pages hereto (each, an “Initial Shareholder” and, collectively,
the “Initial Shareholders”) and Continental Stock Transfer & Trust Company, a New York corporation (“Escrow
Agent”).

 

WHEREAS, the Company has entered into an
Underwriting Agreement, dated as of October 17, 2019 (“Underwriting Agreement”), with EarlyBirdCapital, Inc. (“EBC”)
acting as representative of the several underwriters (collectively, the “Underwriters”), pursuant to which, among other
matters, the Underwriters have agreed to purchase 12,000,000 units (“Units”) of the Company, plus an additional 1,800,000
Units if the Underwriters exercise their over-allotment option in full. Each Unit consists of one ordinary share of the Company,
par value $0.0001 per share (the “Ordinary Shares”), and one redeemable warrant, each redeemable warrant entitling
the holder thereof to purchase one Ordinary Share at an exercise price of $11.50 per share, as more fully described in the Company’s
final Prospectus, dated October 2, 2019 (“Prospectus”), comprising part of the Company’s Registration Statements
on Form S-1 (File Nos. 333-234049 and 333-234245 ) under the Securities Act of 1933, as amended (the “Registration Statement”),
declared effective on October 17, 2019 (“Effective Date”).

 

WHEREAS, the Initial Shareholders have agreed
as a condition of the sale of the Units to deposit their Insider Shares (as defined in the Prospectus), as set forth opposite their
respective names in Exhibit A attached hereto (collectively “Escrow Shares”), in escrow as hereinafter provided.

 

WHEREAS, the Company and the Initial Shareholders
desire that the Escrow Agent accept the Escrow Shares, in escrow, to be controlled and released as hereinafter provided.

 

IT IS AGREED:

 

1. Appointment of Escrow Agent.
The Company and the Initial Shareholders hereby appoint the Escrow Agent to act in accordance with and subject to the terms of
this Agreement and the Escrow Agent hereby accepts such appointment and agrees to act in accordance with and subject to such terms.

 

2. Deposit of Certificates for Escrow
Shares. On or prior to the date hereof, each of the Initial Shareholders delivered to the Escrow Agent certificates (if any)
representing such Initial Shareholder’s respective Escrow Shares ("Certificates"), together with applicable
share powers (if requested by the Escrow Agent), to be controlled and released subject to the terms and conditions of this Agreement.
Each of the Initial Shareholders acknowledges that the Certificate representing such Initial Shareholder’s Escrow Shares
is legended to reflect the deposit of such Escrow Shares under this Agreement.

 

3. Release of the Escrow Shares.

 

3.1 The Escrow Agent shall hold the Certificates
during the period (the “Escrow Period”) commencing on the date hereof and (i) for 50% of the Escrow Shares, ending
on the earlier of (x) six months after the date of the consummation of the Company’s initial business combination (as described
in the Registration Statement, hereinafter a “Business Combination”) and (y) the date on which the closing price of
the Ordinary Shares equals or exceeds $12.50 per share (as adjusted for share splits, share capitalizations, reorganizations and
recapitalizations) for any 20 trading days within any 30-trading day period commencing after the Company’s initial Business
Combination and (ii) for the remaining 50% of the Escrow Shares, ending one year after the date of the consummation of an initial
Business Combination. The Company shall promptly provide notice of the consummation of a Business Combination to the Escrow Agent.
Upon completion of the Escrow Period, the Escrow Agent shall release such amount of each Initial Shareholder’s Certificates
(and any applicable share power) to such Initial Shareholder; provided, however, that if the Escrow Agent is notified by the Company
pursuant to Section 6.7 hereof that the Company is being liquidated at any time during the Escrow Period, then the Escrow Agent
shall promptly destroy the Certificates; provided further, however, that if, subsequent to the completion of a Business Combination,
the Company (or the surviving entity) consummates a liquidation, merger, stock exchange or other similar transaction which results
in all of the shareholders of such entity having the right to exchange their Ordinary Shares for cash, securities or other property,
then the Escrow Agent will, upon receipt of a notice executed by the Chairman of the Board, Chief Executive Officer or other authorized
officer of the Company, in form reasonably acceptable to the Escrow Agent, certifying that such transaction is then being consummated
or such conditions have been achieved, as applicable, release the Certificates to the Initial Shareholders. The Escrow Agent shall
have no further duties hereunder after the release or destruction of the Certificates in accordance with this Section 3.

 

     

     

    

 

3.2 Notwithstanding Section 3.1, if the
Underwriters do not exercise their over-allotment option to purchase an additional 1,500,000 Units of the Company in full within
45 days of the date of the Prospectus (as described in the Underwriting Agreement), Galileo Founders Holdings, L.P., the Company’s
sponsor (“Sponsor”) agrees that the Escrow Agent shall return to the Company for cancellation, at no cost, the
Certificates representing the number of Escrow Shares held by Sponsor determined by multiplying 450,000 by a fraction, (x) the
numerator of which is 1,800,000 minus the number of Ordinary Shares purchased by the Underwriters upon the exercise of their over-allotment
option, and (y) the denominator of which is 1,800,000. The Company shall promptly provide notice to the Escrow Agent of the expiration
or termination of the Underwriters’ over-allotment option and the number of Units, if any, purchased by the Underwriters
in connection with their exercise thereof.

 

4. Rights of Initial Shareholders
in Escrow Shares.

 

4.1 Voting Rights as a Shareholder.
Subject to the terms of the Insider Letters described in Section 4.4 hereof and except as herein provided, the Initial Shareholders
shall retain all of their rights as shareholders of the Company during the Escrow Period, including, without limitation, the right
to vote such shares.

 

4.2 Dividends and Other Distributions
in Respect of the Escrow Shares. During the Escrow Period, all dividends payable in cash with respect to the Escrow Shares
shall be paid to the Initial Shareholders, but all share capitalizations or other non-cash property (“Non-Cash Dividends”)
shall be delivered to the Escrow Agent to hold in accordance with the terms hereof. As used herein, the term “Escrow Shares”
shall be deemed to include the Non-Cash Dividends distributed thereon, if any.

 

4.3 Restrictions on Transfer.
During the applicable Escrow Period, the Company shall instruct the registrar and transfer agent of the Company not to register
a transfer of Escrow Shares without the written consent of the Escrow Agent for as long as this Agreement remains in force and
the only permitted transfers of the Escrow Shares will be (i) for transfers to the Company’s officers, directors or their
respective affiliates, and if the Initial Shareholder is an entity, as a distribution to partners, members or shareholders of the
Initial Shareholder upon the liquidation and dissolution of the Initial Shareholder, (ii) by bona fide gift to a member of the
Initial Shareholder’s immediate family or to a trust, the beneficiary of which is the Initial Shareholder or a member of
the Initial Shareholder’s immediate family for estate planning purposes, (iii) by virtue of the laws of descent and distribution
upon death of the Initial Shareholder, (iv) pursuant to a qualified domestic relations order, (v) by certain pledges to secure
obligations incurred in connection with purchases of our securities, (vi) by private sales made at or prior to the Business Combination
at prices no greater than the price at which the Escrow Shares were originally purchased or (vii) to the Company for cancellation
in accordance with Section 3.2 above or in connection with the consummation of a Business Combination, in each case, except for
clause (vii) or with the Company’s prior consent, on the condition that such transfers may be implemented only upon the respective
transferee’s written agreement to be bound by the terms and conditions of this Agreement and of the Insider Letter (as defined
below) signed by the Initial Shareholder transferring the Escrow Shares.

 

4.4 Insider Letters. Each of
the Initial Shareholders has executed a letter agreement with EBC and the Company, dated as indicated on Exhibit A hereto, and
the form of which is filed as an exhibit to the Registration Statement (“Insider Letters”), respecting the rights and
obligations of such Initial Shareholder in certain events, including but not limited to the liquidation of the Company.

 

5. Concerning the Escrow Agent.

 

5.1 Good Faith Reliance. The
Escrow Agent shall not be liable for any action taken or omitted by it in good faith and in the exercise of its own best judgment,
and may rely conclusively and shall be protected in acting upon any order, notice, demand, certificate, opinion or advice of counsel
(including counsel chosen by the Escrow Agent), statement, instrument, report or other paper or document (not only as to its due
execution and the validity and effectiveness of its provisions, but also as to the truth and acceptability of any information therein
contained) which is believed by the Escrow Agent to be genuine and to be signed or presented by the proper person or persons. The
Escrow Agent shall not be bound by any notice or demand, or any waiver, modification, termination or rescission of this Agreement
unless evidenced by a writing delivered to the Escrow Agent signed by the proper party or parties and, if the duties or rights
of the Escrow Agent are affected, unless it shall have given its prior written consent thereto.

 

     

     

    

 

5.2 Indemnification. The Escrow
Agent shall be indemnified and held harmless by the Company from and against any expenses, including counsel fees and disbursements,
or loss suffered by the Escrow Agent in connection with any action, suit or other proceeding involving any claim which in any way,
directly or indirectly, arises out of or relates to this Agreement, the services of the Escrow Agent hereunder, or the Escrow Shares
subject to this Agreement, other than expenses or losses arising from the gross negligence, fraud or willful misconduct of the
Escrow Agent. Promptly after the receipt by the Escrow Agent of notice of any demand or claim or the commencement of any action,
suit or proceeding, the Escrow Agent shall notify the other parties hereto in writing. In the event of the receipt of such notice,
the Escrow Agent, in its sole discretion, may commence an action in the nature of interpleader in an appropriate court to determine
ownership or disposition of the Escrow Shares or it may deposit the Escrow Shares with the clerk of any appropriate court or it
may retain the Escrow Shares pending receipt of a final, non-appealable order of a court having jurisdiction over all of the parties
hereto directing to whom and under what circumstances the Certificates are to be released and delivered. The provisions of this
Section 5.2 shall survive in the event the Escrow Agent resigns or is discharged pursuant to Sections 5.5 or 5.6 below.

 

5.3 Compensation. The Escrow
Agent shall be entitled to reasonable compensation from the Company for all services rendered by it hereunder. The Escrow Agent
shall also be entitled to reimbursement from the Company for all reasonable expenses paid or incurred by it in the administration
of its duties hereunder including, but not limited to, all counsel, advisors’ and agents’ fees and disbursements and
all taxes or other governmental charges.

 

5.4 Further Assurances. From
time to time on and after the date hereof, the Company and the Initial Shareholders shall deliver or cause to be delivered to the
Escrow Agent such further documents and instruments and shall do or cause to be done such further acts as the Escrow Agent shall
reasonably request to carry out more effectively the provisions and purposes of this Agreement, to evidence compliance herewith
or to assure itself that it is protected in acting hereunder.

 

5.5 Resignation. The Escrow
Agent may resign at any time and be discharged from its duties as escrow agent hereunder by its giving the other parties hereto
written notice and such resignation shall become effective as hereinafter provided. Such resignation shall become effective at
such time that the Escrow Agent shall turn over to a successor escrow agent appointed by the Company and approved by EBC, which
approval will not be unreasonably withheld, conditioned or delayed, the Escrow Shares subject to this Agreement. If no new escrow
agent is so appointed within the 60 day period following the giving of such notice of resignation, the Escrow Agent may deposit
the Escrow Shares with any court it reasonably deems appropriate in the State of New York.

 

5.6 Discharge of Escrow Agent.
The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time
by the other parties hereto, jointly, provided, however, that such resignation shall become effective only upon acceptance of appointment
by a successor escrow agent as provided in Section 5.5.

 

5.7 Liability. Notwithstanding
anything herein to the contrary, the Escrow Agent shall not be relieved from liability hereunder for its own gross negligence,
fraud or its own willful misconduct.

 

5.8 Waiver. The Escrow Agent
hereby waives any right of set-off or any other right, title, interest or claim of any kind (“Claim”) in, or to any
distribution of, the Trust Account (as defined in that certain Investment Management Trust Agreement, dated as of the date hereof,
by and between the Company and the Escrow Agent as trustee thereunder) and hereby agrees not to seek recourse, reimbursement, payment
or satisfaction for any Claim against the Trust Account for any reason whatsoever.

 

     

     

    

 

6. Miscellaneous.

 

6.1 Governing Law; Jurisdiction. In connection with
Section 5-1401 of the General Obligations Law of the State of New York, this Agreement shall be governed by, and construed in accordance
with, the laws of the State of New York without regard to principles of conflicts of law that would result in the application of
the substantive law of another jurisdiction. The parties hereto agree that any action, proceeding or claim arising out of or relating
in any way to this Agreement shall be resolved through final and binding arbitration in accordance with the International Arbitration
Rules of the American Arbitration Association (“AAA”). The arbitration shall be brought before the AAA International
Center for Dispute Resolution’s offices in New York City, New York, will be conducted in English and will be decided by a
panel of three arbitrators selected from the AAA Commercial Disputes Panel and that the arbitrator panel’s decision shall
be final and enforceable by any court having jurisdiction over the party from whom enforcement is sought. The cost of such arbitrators
and arbitration services, together with the prevailing party’s legal fees and expenses, shall be borne by the non-prevailing
party or as otherwise directed by the arbitrators.

 

6.2 Third Party Beneficiaries.
Each of the Initial Shareholders hereby acknowledges that EBC is a third party beneficiary of this Agreement and this Agreement
may not be modified or changed without the prior written consent of EBC.

 

6.3 Entire Agreement. This Agreement,
together with the Insider Letters, contains the entire agreement of the parties hereto with respect to the subject matter hereof
and, except as expressly provided herein, may not be changed or modified except by an instrument in writing signed by the party
to the charged.

 

6.4 Headings. The headings contained
in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation thereof.

 

6.5 Binding Effect. This Agreement
shall be binding upon and inure to the benefit of the respective parties hereto and their legal representatives, successors and
assigns.

 

6.6 Notices. Any notice or other
communication required or which may be given hereunder shall be in writing and either be delivered personally or be mailed, certified
or registered mail, or by private national courier service, return receipt requested, postage prepaid, and shall be deemed given
when so delivered personally or, if mailed, two business days after the date of mailing, as follows:

 

If to the Company, to:

Galileo Acquisition Corp.

1049 Park Ave. 14A,

New York, NY 10028

Attention: Luca Giacometti, Chief Executive Officer

If to a Shareholder, to his/its address set forth
in Exhibit A.

 

and if to the Escrow Agent, to:

Continental Stock Transfer& Trust Company

One State Street, 30th Floor

New York, NY 10004

Attn: Account Administration

Fax No.: (212) 616-7615

 

a copy (which copy shall not constitute notice) sent
hereunder shall be sent to:

 

EarlyBirdCapital, Inc.

366 Madison Avenue

New York, NY 10017

Attn: Steven Levine

Fax No.: (212) 661-4936

 

     

     

    

 

and:

 

Ellenoff Grossman & Schole LLP

1345 Avenue of the Americas, 11th Floor

New York, New York 10105

Attn: Stuart Neuhauser, Esq.

Fax No.: (212) 370-7879

 

and:

 

Graubard Miller

The Chrysler Building

405 Lexington Avenue

New York, New York 10174

Attn: Jeffrey M. Gallant, Esq.

Fax No.: (212) 818-8881

 

The parties may change the persons and addresses to which the
notices or other communications are to be sent by giving written notice to any such change in the manner provided herein for giving
notice.

 

6.7 Liquidation of the Company.
The Company shall give the Escrow Agent written notification of the liquidation and dissolution of the Company in the event that
the Company fails to consummate a Business Combination within the time period specified in the Prospectus.

 

6.8 Counterparts. This Agreement
may be executed in several original or facsimile counterparts, each one of which shall constitute an original, and together shall
constitute but one instrument.

 

[Signature Page Follows]

 

     

     

    

 

WITNESS the execution of this Agreement as of the date first
above written.

 

	 	COMPANY:
	 	 
	 	GALILEO ACQUISITION CORP.
	 	 
	 	By:	/s/ Luca Giacometti	 
	 	Name:  	 Luca Giacometti
	 	Title:	 Chief Executive Officer
	 	 
	 	INITIAL SHAREHOLDERS:
	 	 
	 	Galileo Founders Holdings, L.P.,
	 	 
	 	By:	Galileo Founders GP Corp, its General Partner
	 	 	 
	 	 	/s/
    Luca Giacometti         	 
	 	Name: 	Luca Giacometti
	 	Title:	Authorized Signatory
	 	 
	 	CONTINENTAL STOCK TRANSFER & TRUST COMPANY
	 	 
	 	By:
	 	 
	 	 	/s/  Ana Gois	 
	 	Name:	Ana Gois
	 	Title:	Vice President

 

[Signature Page to Share Escrow Agreement]

 

     

     

    

 

EXHIBIT A

 

	Name and Address of Initial 

Shareholder1	 	Number of Shares	 	 	Date of Insider Letter
	Galileo Founders Holdings, L.P.,  
 1049 Park Ave. 14A,  
 New York, NY 10028	 	 	3,450,000	 	 	October 17, 2019

  

8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00300-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00300-of-00352.parquet"}]]