SEC Contract Filing

Filing Date: 2019-11-27

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>f8k112619ex10-1_tridentacq.htm
<DESCRIPTION>AMENDMENT TO THE INVESTMENT MANAGEMENT TRUST AGREEMENT BETWEEN TRIDENT ACQUISITIONS CORP. AND CONTINENTAL STOCK TRANSFER & TRUST COMPANY, DATED NOVEMBER 27, 2019
<TEXT>
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<P STYLE="margin: 0; text-align: right"><FONT STYLE="background-color: white"><B>Exhibit 10.1</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: center"><FONT STYLE="background-color: white">AMENDMENT<BR>
TO THE<BR>
INVESTMENT MANAGEMENT TRUST AGREEMENT</FONT></P>

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<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify"><FONT STYLE="background-color: white">This Amendment No. 1 (this &ldquo;Amendment&rdquo;),
dated as of November 27, 2019, to the Investment Management Trust Agreement (as defined below) is made by and between Trident Acquisitions
Corp. (the &ldquo;Company&rdquo;) and Continental Stock Transfer &amp; Trust Company, as trustee (&ldquo;Trustee&rdquo;). All terms
used but not defined herein shall have the meanings assigned to them in the Trust Agreement.</FONT></P>

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<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify"><FONT STYLE="background-color: white">WHEREAS, the Company and the Trustee
entered into an Investment Management Trust Agreement dated as of May 29, 2018 (the &ldquo;Trust Agreement&rdquo;);</FONT></P>

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

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<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify"><FONT STYLE="background-color: white">WHEREAS, at an annual meeting of stockholders
of the Company held on November 26, 2019, the Company stockholders approved (i) a proposal to amend (the &ldquo;Charter Amendment&rdquo;)
the Company&rsquo;s amended and restated certificate of incorporation to provide that the date by which the Company shall be required
to effect a Business Combination to be extended two times for three months and (ii) a proposal to extend the date on which to commence
liquidating the Trust Account in the event the Company has not consummated a business combination; and</FONT></P>

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<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify"><FONT STYLE="background-color: white">WHEREAS, on the date hereof, the Company
is filing the Charter Amendment with the Secretary of State of the State of Delaware.</FONT></P>

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<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify"><FONT STYLE="background-color: white">NOW THEREFORE, IT IS AGREED:</FONT></P>

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<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify"><FONT STYLE="background-color: white">1. Section 1(i) of the Trust Agreement
is hereby amended and restated to read in full as follows:</FONT></P>

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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify"><FONT STYLE="background-color: white">&ldquo;</FONT>(i) Commence
liquidation of the Trust Account only after and promptly after receipt of, and only in accordance with, the terms of a letter (&ldquo;Termination
Letter&rdquo;), 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 Secretary or Assistant Secretary, 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 21-month anniversary of the closing of the IPO (&ldquo;Closing&rdquo;) or, in the event that the Company extended
the time to complete the Business Combination for an additional 3-month period by depositing an additional $500,000 in the Trust
Account, for up to 24-months from the closing of the IPO, but has not completed the Business Combination within the applicable
monthly anniversary of the Closing (&ldquo;Last Date&rdquo;), 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.&rdquo;</P>

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<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify">2.&nbsp;<FONT STYLE="background-color: white">A new Section 1(j) is hereby
inserted in the Trust Agreement immediately following Section 1(i) as follows:</FONT></P>

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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify"><FONT STYLE="background-color: white">&ldquo;(j). Upon receipt
of an extension letter (&ldquo;Extension Letter&rdquo;) substantially similar to Exhibit D here