Exhibit 10.13


 


GS Acquisition Holdings Corp


200 West Street


New York, New York 10282


 


Re:    Initial
Public Offering


 


Ladies and Gentlemen:


 


This letter (this
“Letter Agreement”) is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting
Agreement”) entered into or proposed to be entered into by and between GS Acquisition Holdings Corp, a Delaware corporation
(the “Company”), and Goldman Sachs & Co. LLC, as the representative of the several underwriters
(each an “Underwriter” and collectively, the “Underwriters”), relating to an
underwritten initial public offering (the “Public Offering”), of 69,000,000 of the Company’s units
(including up to 9,000,000 units that may be purchased to cover the Underwriters’ option to purchase additional units, if
any) (the “Units”), each comprised of one share of Class A common stock of the Company, par value
$0.0001 per share (the “Class A Common Stock”), and one-third of one warrant (each, a
“Warrant”). Each whole Warrant entitles the holder thereof to purchase one share of Class A Common
Stock at a price of $11.50 per share, subject to adjustment. The Units shall be sold in the Public Offering pursuant to a registration
statement on Form S-1 and prospectus (the “Prospectus”) filed by the Company with the Securities
and Exchange Commission (the “Commission”). Certain capitalized terms used herein are defined in paragraph 11
hereof.


 


In order to induce
the Company and the Underwriters to enter into the Underwriting Agreement and to proceed with the Public Offering and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, GS DC Sponsor I LLC, a Delaware
limited liability company (the “Sponsor”), each of the undersigned members of the Sponsor (each, a “Member”
and together, the “Members”) and the other undersigned persons (each, such other undersigned persons,
an “Insider” and collectively, the “Insiders”), hereby agrees with the Company
as follows:


 


1. The Sponsor,
each Member and each Insider agrees that if the Company seeks shareholder approval of a proposed Business Combination, then in
connection with such proposed Business Combination, it, he or she shall (i) vote any Shares owned by it, him or her in favor
of any proposed Business Combination and (ii) not redeem any Shares owned by it, him or her in connection with such shareholder
approval.


 






     


     


    

 


2. The
Sponsor, each Member and each Insider hereby agrees that in the event that the Company fails to consummate a Business
Combination within 24 months from the closing of the Public Offering, or such later period approved by the Company’s
shareholders in accordance with the Company’s amended and restated certificate of incorporation, the Sponsor, each
Member and each Insider shall take all reasonable steps to cause the Company to (i) cease all operations except for the
purpose of winding up, (ii) as promptly as reasonably possible but not more than ten (10) business days thereafter,
subject to lawfully available funds therefor, redeem 100% of the Class A Common Shares sold as part of the Units in the
Public Offering (the “Offering Shares”), at a per share price, payable in cash, equal to the
aggregate amount then on deposit in the Trust Account, including interest (which interest shall be net of taxes payable and
less up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding Offering Shares,
which redemption will completely extinguish all Public Shareholders’ rights as shareholders (including the right to
receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably
possible following such redemption, subject to the approval of the Company’s remaining shareholders and the
Company’s board of directors, dissolve and liquidate, subject in each case to the Company’s obligations under
Delaware law to provide for claims of creditors and other requirements of applicable law. The Sponsor, each Member and each
Insider agrees to not propose any amendment to the Company’s amended and restated certificate of incorporation that
would affect the substance or timing of the Company’s obligation to redeem 100% of the Offering Shares if the Company
does not complete a Business Combination within 24 months from the closing of the Public Offering, unless the Company
provides its Public Shareholders with the opportunity to redeem their Offering Shares upon approval of any such amendment at
a per share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest
(which interest shall be net of taxes payable), divided by the number of then outstanding Offering Shares.





 






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The Sponsor, each
Member and each Insider acknowledges that it, he or she has no right, title, interest or claim of any kind in or to any monies
held in the Trust Account or any other asset of the Company as a result of any liquidation of the Company with respect to the Founder
Shares held by it. The Sponsor, each Member and each Insider hereby further waives, with respect to any Shares held by it, him
or her, if any, any redemption rights it, he or she may have in connection with the consummation of a Business Combination, including,
without limitation, any such rights available in the context of a shareholder vote to approve such Business Combination or in the
context of a tender offer made by the Company to purchase Class A Common Shares (although the Sponsor, the Members and the
Insiders shall be entitled to redemption and liquidation rights with respect to any Offering Shares it or they hold if the Company
fails to consummate a Business Combination within 24 months from the date of the closing of the Public Offering.


 


3.
Notwithstanding the provisions set forth in paragraphs 7(a) and (b) below, during the period commencing on the effective
date of the Underwriting Agreement and ending 180 days after such date, the Sponsor, each Member and each Insider shall not,
without the prior written consent of Goldman Sachs & Co. LLC, (i) offer, sell, contract to sell, pledge or
otherwise dispose of (or enter into any transaction that is designed to, or might reasonably be expected to, result in the
disposition (whether by actual disposition or effective economic disposition due to cash settlement or otherwise)), directly
or indirectly, or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within
the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the
Commission promulgated thereunder, with respect to, any Units, Shares, Warrants or any securities convertible into, or
exercisable, or exchangeable for, Class A Common Stock, (ii) enter into any swap or other arrangement that
transfers to another, in whole or in part, any of the economic consequences of ownership of any Units, shares of Common
Stock, Warrants or any securities convertible into, or exercisable, or exchangeable for, shares of Common Stock owned by it,
him or her, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or
(iii) or publicly announce an intention to effect any such transaction. Each of the Insiders and Members and the Sponsor
acknowledges and agrees that, prior to the effective date of any release or waiver, of the restrictions set forth in this
paragraph 3 or paragraph 7 below, the Company shall announce the impending release or waiver by press release through a major
news service at least two business days before the effective date of the release or waiver. Any release or waiver granted
shall only be effective two business days after the publication date of such press release. The provisions of this paragraph
will not apply if (i) the release or waiver is effected solely to permit a transfer of securities that is not for
consideration and (ii) the transferee has agreed in writing to be bound by the same terms described in this Letter
Agreement to the extent and for the duration that such terms remain in effect at the time of the transfer.


 


4. In the
event of the liquidation of the Trust Account, the Sponsor (which for purposes of clarification shall not extend to any other
shareholders, members or managers of the Sponsor) agrees to indemnify and hold harmless the Company against any and all loss,
liability, claim, damage and expense whatsoever (including, but not limited to, any and all legal or other expenses
reasonably incurred in investigating, preparing or defending against any litigation, whether pending or threatened, or any
claim whatsoever) to which the Company may become subject as a result of any claim by (i) any third party (other than
the Company’s independent accountants) for services rendered or products sold to the Company or (ii) a prospective
target business with which the Company has discussed entering into an acquisition agreement (a
“Target”); provided, however, that such indemnification of the Company by
the Sponsor shall apply only to the extent necessary to ensure that such claims by a third party for services rendered (other
than the Company’s independent public accountants) or products sold to the Company or a Target do not reduce the amount
of funds in the Trust Account to below (i) $10.00 per share of the Offering Shares or (ii) such lesser amount per share
of the Offering Shares held in the Trust Account due to reductions in the value of the trust assets as of the date of the
liquidation of the Trust Account, in each case, net of the amount of interest earned on the property in the Trust Account
which may be withdrawn to pay taxes, except as to any claims by a third party who executed a waiver of any and all rights to
seek access to the Trust Account and except as to any claims under the Company’s indemnity of the Underwriters against
certain liabilities, including liabilities under the Securities Act of 1933, as amended. In the event that any such executed
waiver is deemed to be unenforceable against such third party, the Sponsor shall not be responsible to the extent of any
liability for such third party claims. The Sponsor shall have the right to defend against any such claim with counsel of its
choice reasonably satisfactory to the Company if, within 15 days following written receipt of notice of the claim to the
Sponsor, the Sponsor notifies the Company in writing that it shall undertake such defense.


 






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5. To the
extent that the Underwriters do not exercise their option to purchase up to an additional 9,000,000 Units within 45 days from
the date of the Prospectus (and as further described in the Prospectus), the Sponsor agrees that it shall forfeit, at no
cost, a number of Founder Shares in the aggregate equal to 2,250,000 multiplied by a fraction, (i) the numerator of
which is 9,000,000 minus the number of Units purchased by the Underwriters upon the exercise of their option to purchase
additional Units, and (ii) the denominator of which is 9,000,000. All references in this Letter Agreement to Founder
Shares of the Company being forfeited shall take effect as a contribution of such Founder Shares to the Company’s
capital as a matter of Delaware law. The forfeiture will be adjusted to the extent that the option to purchase additional
Units is not exercised in full by the Underwriters so that the Initial Shareholders will own an aggregate of 20.0% of the
Company’s issued and outstanding Shares after the Public Offering. The Initial Shareholders further agree that to the
extent that the size of the Public Offering is increased or decreased, the Company will effect a capitalization or share
repurchase or redemption, as applicable, immediately prior to the consummation of the Public Offering in such amount as to
maintain the ownership of the Initial Shareholders prior to the Public Offering at 20.0% of the Company’s issued and
outstanding Shares upon the consummation of the Public Offering. In connection with such increase or decrease in the size of
the Public Offering, then (A) the references to 9,000,000 in the numerator and denominator of the formula in the first
sentence of this paragraph shall be changed to a number equal to 15.0% of the number of Class A Common Shares included
in the Units issued in the Public Offering and (B) the reference to 2,250,000 in the formula set forth in the
immediately preceding sentence shall be adjusted to such number of Founder Shares that the Sponsor would have to return to
the Company in order to hold (with all of the Initial Shareholders) an aggregate of 20.0% of the Company’s issued and
outstanding Shares after the Public Offering.


 


6. (a) The Sponsor
and each Insider who is an officer and/or director of the Company have agreed not to participate in the formation of, or become
an officer or director of, any other special purpose acquisition company with a class of securities registered under the Securities
Exchange Act of 1934, as amended, until the Company has entered into a definitive agreement regarding its initial Business Combination
or it has failed to complete its initial Business Combination within 24 months after the closing of the Public Offering.


 


(b) The Sponsor,
each Member and each Insider hereby agrees and acknowledges that: (i) the Underwriters and the Company would be irreparably
injured in the event of a breach by such Sponsor, Member or Insider of its, his or her obligations under paragraphs 1, 2, 3, 4,
5, 7(a), 7(b), and 9 of this Letter Agreement (ii) monetary damages may not be an adequate remedy for such breach and (iii) the non-breaching party
shall be entitled to seek injunctive relief, in addition to any other remedy that such party may have in law or in equity, in the
event of such breach.


 


7. (a) The Sponsor,
each Member and each Insider agrees that it, he or she shall not Transfer (as defined below) any Founder Shares (or Class A
Common Shares issuable upon conversion thereof) until the earlier of (A) one year after the completion of the Company’s
initial Business Combination and (B) subsequent to the Business Combination, (x) if the last reported sale price of the
Class A Common Stock equals or exceeds $12.00 per share (as adjusted for share splits, stock dividends, reorganizations, recapitalizations
and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Company’s
initial Business Combination or (y) the date following the completion of the Company’s initial Business Combination
on which the Company completes a liquidation, merger, share exchange, reorganization or other similar transaction that results
in all of the Company’s shareholders having the right to exchange their Class A Common Shares for cash, securities or
other property (the “Founder Shares Lock-up Period”).


 






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(b) The Sponsor,
each Member and each Insider agrees that it, he or she shall not Transfer any Private Placement Warrants (or Class A Common
Shares issued or issuable upon the conversion or exercise of the Private Placement Warrants), until 30 days after the completion
of a Business Combination (the “Private Placement Warrants Lock-up Period”, together with
the Founder Shares Lock-up Period, the “Lock-up Periods”).




 


(c) Notwithstanding
the provisions set forth in paragraphs 7(a) and (b), Transfers of the Founder Shares, Private Placement Warrants and Class A
Common Shares issued or issuable upon the exercise or conversion of the Private Placement Warrants or the Founder Shares and that
are held by the Sponsor, any Member or any Insider or any of their permitted transferees (that have complied with this paragraph
7(c)), are permitted (a) to the Company’s officers or directors, any affiliates or family members of any of the Company’s
officers or directors, any members of the Sponsor, or any affiliates of the Sponsor, (b) in the case of an individual, by
gift to a member of the individual’s immediate family or to a trust, the beneficiary of which is a member of the individual’s
immediate family or an affiliate of such person, or to a charitable organization; (c) in the case of an individual, by virtue
of laws of descent and distribution upon death of the individual; (d) in the case of an individual, pursuant to a qualified
domestic relations order; (e) by private sales or transfers made in connection with the consummation of the Company’s
Business Combination at prices no greater than the price at which the securities were originally purchased; (f) in the event
of the Company’s liquidation prior to the Company’s completion of an initial Business Combination; (g) by virtue
of the laws of Delaware or the Sponsor’s limited liability company agreement, as amended, upon dissolution of the Sponsor;
or (h) in the event of the Company’s completion of a liquidation, merger, stock exchange, reorganization or other similar
transaction which results in all of the Company’s public stockholders having the right to exchange their shares of Class A
Common Stock for cash, securities or other property subsequent to the Company’s completion of an initial Business Combination;
provided, however, that in the case of clauses (a) through (e) these permitted transferees must enter into a written agreement
with the Company agreeing to be bound by the transfer restrictions in this Agreement.


 


8. The Sponsor,
each Member and each Insider represents and warrants that it, he or she has never been suspended or expelled from membership in
any securities or commodities exchange or association or had a securities or commodities license or registration denied, suspended
or revoked. Each Insider’s biographical information furnished to the Company, if any (including any such information included
in the Prospectus), is true and accurate in all respects and does not omit any material information with respect to such Insider’s
background. The Sponsor, each Member and each Insider’s questionnaire furnished to the Company, if any, is true and accurate
in all respects. The Sponsor, each Member and each Insider represents and warrants that: it is not subject to or a respondent in
any legal action for, any injunction, cease-and-desist order or order or stipulation to desist or refrain from any act
or practice relating to the offering of securities in any jurisdiction; it has never been convicted of, or pleaded guilty to, any
crime (i) involving fraud, (ii) relating to any financial transaction or handling of funds of another person, or (iii) pertaining
to any dealings in any securities and it is not currently a defendant in any such criminal proceeding.


 






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9. Except as
disclosed in the Prospectus, neither the Sponsor nor any Member or Insider nor any affiliate of the Sponsor, any Member or
any Insider, nor any director or officer of the Company, shall receive from the Company any finder’s fee,
reimbursement, consulting fee, monies in respect of any repayment of a loan or other compensation prior to, or in connection
with any services rendered in order to effectuate the consummation of the Company’s initial Business Combination
(regardless of the type of transaction that it is), other than the following, none of which will be made from the proceeds
held in the Trust Account prior to the completion of the initial Business Combination: (i) repayment of a loan and
advances up to an aggregate of $300,000 made to the Company by an affiliate of the Sponsor; (ii) payment to an affiliate
of the Sponsor for office space, administrative and secretarial support for a total of $10,000 per month; (iii) payment
of customary fees for financial advisory services; (iv) reimbursement for any
reasonable out-of-pocket expenses related to identifying, investigating and consummating an initial Business
Combination; and (v) repayment of loans, if any, and on such terms as to be determined by the Company from time to time,
made by the Sponsor or any of the Company’s officers or directors to finance transaction costs in connection with an
intended initial Business Combination, provided, that, if the Company does not consummate an initial Business Combination, a
portion of the working capital held outside the Trust Account may be used by the Company to repay such loaned amounts so long
as no proceeds from the Trust Account are used for such repayment. Up to $1,500,000 of such loans may be convertible into
warrants at a price of $1.50 per warrant at the option of the lender. Such warrants would be identical to the Private
Placement Warrants, including as to exercise price, exercisability and exercise period.





 


10. The Sponsor,
each Member and each Insider has full right and power, without violating any agreement to which it is bound (including, without
limitation, any non-competition or non-solicitation agreement with any employer or former employer), to enter
into this Letter Agreement and, as applicable, to serve as an officer and/or a director on the board of directors of the Company
and hereby consents to being named in the Prospectus as an officer and/or a director of the Company.


 


11. As used
herein, (i) “Business Combination” shall mean a merger, share exchange, asset acquisition, share
purchase, reorganization or similar business combination, involving the Company and one or more businesses;
(ii) “Shares” shall mean, collectively, the Class A Common Shares and the Founder Shares;
(iii) “Class A Common Shares” shall mean shares of Class A Common Stock;
(iv) “Founder Shares” shall mean the 17,250,000 shares of Class B common stock, par value
$0.0001 per share, issued and outstanding immediately prior to the consummation of the Public Offering;
(v) “Initial Shareholders” shall mean the Sponsor and any Insider that holds Founder Shares;
(vi) “Private Placement Warrants” shall mean the Warrants to purchase up to 9,333,333
Class A Common Shares of the Company (or 10,533,333 Class A Common Shares if the over-allotment option is exercised
in full) that the Sponsor has agreed to purchase for an aggregate purchase price of $14,000,000 in the aggregate (or
$15,800,000 if the over-allotment option is exercised in full), or $1.50 per Warrant, in a private placement that shall occur
simultaneously with the consummation of the Public Offering; (vii) “Public Shareholders” shall
mean the holders of securities issued in the Public Offering; (viii) “Trust Account” shall
mean the trust fund into which a portion of the net proceeds of the Public Offering shall be deposited; and
(ix) “Transfer” shall mean the (a) sale or assignment of, offer to sell, contract or
agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of,
directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease
of a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and
the rules and regulations of the Commission promulgated thereunder with respect to, any security, (b) entry into any
swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of
any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or
(c) public announcement of any intention to effect any transaction specified in clause (a) or (b).


 






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12. This Letter
Agreement constitutes the entire agreement and understanding of the parties hereto in respect of the subject matter hereof and
supersedes all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent
they relate in any way to the subject matter hereof or the transactions contemplated hereby. This Letter Agreement may not be changed,
amended, modified or waived (other than to correct a typographical error) as to any particular provision, except by a written instrument
executed by the Sponsor and each Member and Insider that is the subject of any such change, amendment modification or waiver.


 


13. No party hereto
may assign either this Letter Agreement or any of its rights, interests, or obligations hereunder without the prior written consent
of the other parties. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate
to transfer or assign any interest or title to the purported assignee. This Letter Agreement shall be binding on the Sponsor, each
Member and each Insider and their respective successors, heirs and assigns and permitted transferees.


 


14. Nothing in
this Letter Agreement shall be construed to confer upon, or give to, any person or corporation other than the parties hereto any
right, remedy or claim under or by reason of this Letter Agreement or of any covenant, condition, stipulation, promise or agreement
hereof. All covenants, conditions, stipulations, promises and agreements contained in this Letter Agreement shall be for the sole
and exclusive benefit of the parties hereto and their successors, heirs, personal representatives and assigns and permitted transferees.


 


15. This Letter
Agreement may be executed in any number of original or facsimile counterparts and each of such counterparts shall for all purposes
be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument.


 


16. This
Letter Agreement shall be deemed severable, and the invalidity or unenforceability of any term or provision hereof shall not
affect the validity or enforceability of this Letter Agreement or of any other term or provision hereof. Furthermore, in lieu
of any such invalid or unenforceable term or provision, the parties hereto intend that there shall be added as a part of this
Letter Agreement a provision as similar in terms to such invalid or unenforceable provision as may be possible and be valid
and enforceable.


 


17. This Letter
Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York. The parties hereto
(i) all agree that any action, proceeding, claim or dispute arising out of, or relating in any way to, this Letter Agreement
shall be brought and enforced in the courts of New York City, in the State of New York, and irrevocably submit to such jurisdiction
and venue, which jurisdiction and venue shall be exclusive and (ii) waive any objection to such exclusive jurisdiction and
venue or that such courts represent an inconvenient forum.


 






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18. Any notice,
consent or request to be given in connection with any of the terms or provisions of this Letter Agreement shall be in writing and
shall be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery
or facsimile transmission.


 


19. Each party
hereto shall not be liable for any breaches or misrepresentations contained in this Letter Agreement by any other party to this
Letter Agreement (including, for the avoidance of doubt, any Member or Insider with respect to any other Member or Insider), and
no party shall be liable or responsible for the obligations of another party, including, without limitation, indemnification obligations
and notice obligations.


 


20. This Letter
Agreement shall terminate on the earlier of (i) the expiration of the Lock-up Periods or (ii) the liquidation
of the Company; provided, however, that this Letter Agreement shall earlier terminate in the event that
the Public Offering is not consummated and closed by December 31, 2018; provided further that paragraph 4 of this Letter
Agreement shall survive such liquidation.


 


[Signature Page follows]


 






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	 	Sincerely,
	 	 
	 	GS DC SPONSOR I LLC
	 	 	 
	 	By:	GS Sponsor LLC
	 	 	 	 
	 	 	By:	/s/ Raanan A. Agus  
	 	 	 	Name: Raanan A. Agus
	 	 	 	Title: President
	 	 	 
	 	By:	Cote SPAC 1 LLC
	 	 	 	 
	 	 	By:	/s/ David M. Cote  
	 	 	 	Name: David M. Cote
	 	 	 	Title: Member
	 	 
	 	GS SPONSOR LLC
	 	 	 
	 	By:	/s/ Raanan A. Agus  
	 	 	Name: Raanan A. Agus
	 	 	Title: President
	 	 
	 	COTE SPAC 1 LLC
	 	 	 	 
		By:	/s/ David M. Cote  
	 	 	Name: David M. Cote
	 	 	Title: President




 


	 	/s/ David M. Cote  
	 	David Cote
	 	 
	 	/s/ Raanan A. Agus  
	 	Raanan A. Agus
	 	 
	 	/s/ James Albaugh  
	 	James Albaugh
	 	 
	 	/s/ Roger Fradin  
	 	Roger Fradin
	 	 
	 	/s/ Steven S. Reinemund  
	 	Steven S. Reinemund



 


Acknowledged and Agreed:


 


	 	 
	GS ACQUISITION HOLDINGS CORP
	 	 
	By:	/s/ David M. Cote	  
	 	Name: David M. Cote
	 	Title: Chief Executive Officer, President and Secretary



 


[Signature Page
to Letter Agreement]