Exhibit 10.6


 


THIS 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: $300,000	Dated as of May 20, 2020




 


Foley Trasimene Acquisition Corp., a Delaware
corporation (the “Maker”), promises to pay to the order of, Bilcar FT, LP, a Delaware limited partnership or
its registered assigns or successors in interest (“Bilcar”), Trasimene Capital FT, LP, a Delaware limited partnership
or its registered assigns or successors in interest (“Trasimene Capital FT”) and Trasimene Capital Management,
LLC, , a Delaware limited liability company or its registered assigns or successors in interest (“Trasimene Capital Management”)
together with Bilcar and Trasimene Capital FT, the “Payees”), or order, the principal sum of Three Hundred Thousand
Dollars ($300,000), in the aggregate, or such lesser amount as shall have been advanced by each Payee to Maker and shall remain
unpaid under this 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 each Payee may from time to time designate by written notice in accordance
with the provisions of this Note.


 


1.            
Principal. The entire unpaid principal balance of this Note shall be payable on the earlier of: (i) January 31,
2021, 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 shareholder of the Maker, be obligated personally for any obligations or liabilities
of the Maker hereunder.


 


2.            
Drawdown Requests. Maker and Payees agree that Maker may request, from time to time, up to Three Hundred Thousand
Dollars ($300,000), in the aggregate, in drawdowns under this Note to be used for costs and expenses related to Maker’s formation
and the proposed initial public offering of its securities (the “IPO”). Principal of this Note may be drawn
down from time to time prior to the Maturity Date upon written request from Maker to each Payee (each, a “Drawdown Request”).
Each Drawdown Request must state the amount to be drawn down, and must not be an amount less than Ten Thousand Dollars ($10,000).
The Payees shall fund each Drawdown Request no later than three (3) business days after receipt of a Drawdown Request; provided,
however, that the maximum amount of drawdowns outstanding under this Note at any time may not exceed Three Hundred Thousand Dollars
($300,000) in the aggregate. No fees, payments or other amounts shall be due to Payees in connection with, or as a result of, any
Drawdown Request by Maker.


 


3.           
Interest. No interest shall accrue on the unpaid principal balance of this Note.


 


4.            
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 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 Note.


 






     


     


    

 


5.             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 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.


 


6.            
Remedies.


 


(a)     
Upon the occurrence of an Event of Default, specified in Section 5(a), and such default continues for three (3) business
days, hereof, each Payee may, by written notice to Maker, declare this Note to be due immediately and payable, whereupon the unpaid
principal amount of this 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 5(b) or 5(c), and such default continues for ten (10)
business days, the unpaid principal balance of this Note, and all other sums payable with regard to this Note, shall automatically
and immediately become due and payable, in all cases without any action on the part of each Payee.


 


7.            
Waivers. Maker and all endorsers and guarantors of, and sureties for, this 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 each Payee under the terms of this 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 each Payee.


 


8.            
Unconditional Liability. Maker hereby waives all notices in connection with the delivery, acceptance, performance,
default, or enforcement of the payment of this 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 each Payee, and consents to any and all extensions of time, renewals, waivers, or modifications
that may be granted by each Payee with respect to the payment or other provisions of this Note, and agrees that additional makers,
endorsers, guarantors, or sureties may become parties hereto without notice to Maker or affecting Maker’s liability hereunder.


 






    2


     


    

 


9.            
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.


 


10.         
Construction. THIS NOTE SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF DELAWARE, WITHOUT REGARD
TO CONFLICT OF LAW PROVISIONS THEREOF.


 


11.         
Severability. Any provision contained in this 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.


 


12.         
Trust Waiver. Notwithstanding anything herein to the contrary, each 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 on or 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.


 


13.         
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 each Payee.


 


14.         
Assignment. No assignment or transfer of this 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]


 






    3


     


    

 


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


 


	 	 	 	FOLEY TRASIMENE ACQUISITION CORP.
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	By: 	/s/ Richard L. Cox
	 	 	 	 	Name:	Richard L. Cox
	 	 	 	 	Title:	Chief Financial Officer
	 	 	 	 	 
	Acknowledged and Agreed to  as of the date first written above,	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	BILCAR FT, LP	 	 	 
	 	 	 	 	 
	BILCAR FT, LLC, as general partner	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	By:	/s/ Michael L. Gravelle	 	 	 
	Name:	Michael L. Gravelle  	 	 	 
	Title:	General Counsel and Corporate Secretary 	 	 	 
	 	 	 	 	 
	TRASIMENE CAPITAL FT, LP	 	 	 
	 	 	 	 	 
	TRASIMENE CAPITAL FT, LLC, as general partner	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	By:	/s/ Michael L. Gravelle	 	 	 
	Name:	Michael L. Gravelle	 	 	 
	Title: 	General Counsel and Corporate Secretary 	 	 	 
	 	 	 	 	 
	TRASIMENE CAPITAL MANAGEMENT, LLC	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	By: 	 	 	 	 
	Name:	 	 	 	 
	Title: 	 	 	 	 







 






    4