Exhibit 10.6


 


THIS AMENDED AND RESTATED PROMISSORY NOTE (“NOTE”)
HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”).  THIS NOTE HAS
BEEN ACQUIRED FOR INVESTMENT ONLY AND MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF REGISTRATION OF THE RESALE THEREOF
UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY IN FORM, SCOPE AND SUBSTANCE TO THE COMPANY THAT SUCH
REGISTRATION IS NOT REQUIRED.  


 


AMENDED AND RESTATED PROMISSORY NOTE


 


	Principal Amount:  $200,000	 Dated as of December 22, 2017


 


WHEREAS, on July 14, 2017,
Platinum Eagle Acquisition Corp., a Cayman Islands exempted company (the “Maker”), issued that certain
Promissory Note (the “Original Promissory Note”) to Platinum Eagle Acquisition LLC or its registered assigns
or successors in interest (the “Payee”); and


 


WHEREAS, the Maker and
Payee desire to amend and restate in its entirety the Original Promissory Note on the terms and conditions provided in this note
(the “Amended and Restated Promissory Note”).


 


NOW THEREFORE, in consideration
of the mutual covenants contained herein and other good and valuable consideration, the existence and sufficiency of which is expressly
recognized by each of the parties hereto, the parties agree as follows:


 


The Maker promises to pay
to the order of the Payee, or order, the principal sum of Two Hundred Thousand Dollars ($200,000) or such lesser amount as shall
have been advanced to Payee to Maker and shall remain unpaid under this Amended and Restated Promissory Note on the Maturity Date
(as defined below) in lawful money of the United States of America, on the terms and conditions described below.  All
payments on this Note shall be made by check or wire transfer of immediately available funds or as otherwise determined by the
Maker to such account as the Payee may from time to time designate by written notice in accordance with the provisions of this
Amended and Restated Promissory Note.


 


1.     Principal. The
entire unpaid principal balance of this Amended and Restated Promissory Note shall be payable on the earlier of: (i) December 31,
2018 or (ii) the date on which Maker consummates an initial public offering of its securities (such earlier date, the “Maturity
Date”). The principal balance may be prepaid at any time. Under no circumstances shall any individual, including
but not limited to any officer, director, employee or stockholder of the Maker, be obligated personally for any obligations or
liabilities of the Maker hereunder.


 


2.     Interest. No
interest shall accrue on the unpaid principal balance of this Amended and Restated Promissory Note.


 


3.     Application
of Payments. All payments shall be applied first to payment in full of any costs incurred in the collection of any sum
due under this Amended and Restated Promissory Note, including (without limitation) reasonable attorney’s fees, then to the
payment in full of any late charges and finally to the reduction of the unpaid principal balance of this Amended and Restated Promissory
Note.


 


4.     Events
of Default. The following shall constitute an event of default (“Event of Default”):


 


(a)          Failure
to Make Required Payments. Failure by Maker to pay the principal amount due pursuant to this Amended and Restated Promissory
Note within five (5) business days of the date specified above.


 


(b)          Voluntary
Bankruptcy, Etc. The commencement by Maker of a voluntary case under any applicable bankruptcy, insolvency, reorganization,
rehabilitation or other similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator,
assignee, trustee, custodian, sequestrator (or other similar official) of Maker or for any substantial part of its property, or
the making by it of any assignment for the benefit of creditors, or the failure of Maker generally to pay its debts as such debts
become due, or the taking of corporate action by Maker in furtherance of any of the foregoing.


 




     


     


    

  


(c)          Involuntary
Bankruptcy, Etc. The entry of a decree or order for relief by a court having jurisdiction in the premises in respect of Maker
in an involuntary case under any applicable bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator,
assignee, custodian, trustee, sequestrator (or similar official) of Maker or for any substantial part of its property, or ordering
the winding-up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect for a period
of 60 consecutive days.


  


5.     Remedies.


 


(a)          Upon
the occurrence of an Event of Default specified in Section 4(a) hereof, Payee may, by written notice to Maker, declare this Amended
and Restated Promissory Note to be due immediately and payable, whereupon the unpaid principal amount of this Amended and Restated
Promissory Note, and all other amounts payable thereunder, shall become immediately due and payable without presentment, demand,
protest or other notice of any kind, all of which are hereby expressly waived, anything contained herein or in the documents evidencing
the same to the contrary notwithstanding.


 


(b)          Upon
the occurrence of an Event of Default specified in Sections 4(b) or 4(c), the unpaid principal balance of this Amended and Restated
Promissory Note, and all other sums payable with regard to this Amended and Restated Promissory Note, shall automatically and immediately
become due and payable, in all cases without any action on the part of Payee.


  


6.     Waivers. Maker
and all endorsers and guarantors of, and sureties for, this Amended and Restated Promissory Note waive presentment for payment,
demand, notice of dishonor, protest, and notice of protest with regard to the Note, all errors, defects and imperfections in any
proceedings instituted by Payee under the terms of this Amended and Restated Promissory Note, and all benefits that might accrue
to Maker by virtue of any present or future laws exempting any property, real or personal, or any part of the proceeds arising
from any sale of any such property, from attachment, levy or sale under execution, or providing for any stay of execution, exemption
from civil process, or extension of time for payment; and Maker agrees that any real estate that may be levied upon pursuant to
a judgment obtained by virtue hereof, on any writ of execution issued hereon, may be sold upon any such writ in whole or in part
in any order desired by Payee.


 


7.     Unconditional
Liability. Maker hereby waives all notices in connection with the delivery, acceptance, performance, default, or enforcement
of the payment of this Amended and Restated Promissory Note, and agrees that its liability shall be unconditional, without regard
to the liability of any other party, and shall not be affected in any manner by any indulgence, extension of time, renewal, waiver
or modification granted or consented to by Payee, and consents to any and all extensions of time, renewals, waivers, or modifications
that may be granted by Payee with respect to the payment or other provisions of this Amended and Restated Promissory Note, and
agrees that additional makers, endorsers, guarantors, or sureties may become parties hereto without notice to Maker or affecting
Maker’s liability hereunder.


 


8.     Notices. All
notices, statements or other documents which are required or contemplated by this Agreement shall be: (i) in writing and delivered
personally or sent by first class registered or certified mail, overnight courier service or facsimile or electronic transmission
to the address designated in writing, (ii) by facsimile to the number most recently provided to such party or such other address
or fax number as may be designated in writing by such party and (iii) by electronic mail, to the electronic mail address most recently
provided to such party or such other electronic mail address as may be designated in writing by such party.  Any notice
or other communication so transmitted shall be deemed to have been given on the day of delivery, if delivered personally, on the
business day following receipt of written confirmation, if sent by facsimile or electronic transmission, one (1) business day after
delivery to an overnight courier service or five (5) days after mailing if sent by mail.


 


9.     Construction. THIS
NOTE SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF NEW YORK, WITHOUT REGARD TO CONFLICT OF LAW PROVISIONS THEREOF.


 


10.   Severability. Any
provision contained in this Amended and Restated Promissory Note which is prohibited or unenforceable in any jurisdiction shall,
as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining
provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable
such provision in any other jurisdiction.


 




     


     


    

  


11.   Trust
Waiver.  Notwithstanding anything herein to the contrary, the Payee hereby waives any and all right, title, interest
or claim of any kind (“Claim”) in or to any distribution of or from the trust account to be established in which
the proceeds of the IPO conducted by the Maker (including the deferred underwriters discounts and commissions) and the proceeds
of the sale of the warrants issued in a private placement to occur prior to the consummation of the IPO are to be deposited, as
described in greater detail in the registration statement and prospectus to be filed with the Securities and Exchange Commission
in connection with the IPO, and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim against
the trust account for any reason whatsoever.


 


12.   Amendment;
Waiver.  Any amendment hereto or waiver of any provision hereof may be made with, and only with, the written consent
of the Maker and the Payee.


 


13.   Assignment.  No
assignment or transfer of this Amended and Restated Promissory Note or any rights or obligations hereunder may be made by any party
hereto (by operation of law or otherwise) without the prior written consent of the other party hereto and any attempted assignment
without the required consent shall be void.


  


[Signature page follows]


 




     


     


    

    


IN WITNESS WHEREOF, Maker, intending
to be legally bound hereby, has caused this Amended and Restated Promissory Note to be duly executed by the undersigned as of the
day and year first above written.


 


	 	
        PLATINUM EAGLE ACQUISITION CORP.

        a Cayman Islands exempted company

	 	 	 
	 	By:	/s/ Jeff Sagansky
	 	 	Name: Jeff Sagansky
	 	 	Title: Chief Executive Officer


 





[Signature Page to Amended and Restated Promissory
Note]