Document:

Exhibit
10.5

 

EXECUTION
VERSION

 

THIS
GLOBAL PROMISSORY NOTE (THIS “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 MAKER THAT SUCH REGISTRATION IS NOT REQUIRED.

 

FORM
OF GLOBAL PROMISSORY NOTE

  

	Principal
    Amount: $4,000,000	Dated
    as of December 12, 2018

  

One
Madison Corporation, a Cayman Islands exempted company and blank check company (the “Maker”), promises to pay
to the order of each of the persons set forth on Exhibit A hereto or their respective registered assigns or successors in interest
(each, a “Payee” and collectively, the “Payees”) the aggregate principal amount of four
million U.S. dollars ($4,000,000) 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 to such account as the Payee
may from time to time designate by written notice in accordance with the provisions of this Note.

 

1. Principal.
The principal balance of this Note shall be payable on the earliest of (a) the date on which the Maker (or a subsidiary thereof)
consummates its initial Business Combination (as defined in the Maker’s Amended and Restated Memorandum and Articles of
Association), (b) 30 days after the date on which that certain Stock Purchase Agreement by and among the Maker, Rack Holdings
L.P. and Rack Holdings Inc. is terminated in accordance with its terms, and (c) the date that is nine months after the date hereof.
The principal balance may be prepaid at any time. Any repayment or prepayment of principal amounts under this Note shall be made
to all Payees simultaneously on a pro rata basis based on the total amount that each Payee has funded hereunder relative
to the aggregate amount that all Payees have funded hereunder. If previously elected in writing by a Payee (with respect to itself),
and the principal balance of this Note becomes payable on the date on which the Maker (or a subsidiary thereof) consummates its
initial Business Combination, the full amount of principal owed to each Payee hereunder shall be deducted from the amount such
Payee is required to fund pursuant to the applicable Subscription Agreement entered into between the Maker and such Payee on the
date hereof, as amended, and the principal amount owed to such Payee hereunder shall be deemed repaid in full.

 

2.
Interest. No interest shall accrue on the unpaid principal balance of this Note.

  

     

    

    

 

3.
Funding. On or prior to December 21, 2018, each payee shall fund to the Maker (by wire transfer of immediately available
funds to an account specified in writing by the Maker) the amount opposite such Payee’s name under the header “Funding
Amount” on Exhibit A hereto (such Payee’s “Funding Amount”). The principal amount of this
Note shall be used for the purpose of paying working capital expenses, including expenses incurred in connection with the initial
Business Combination. Each Payee is severally (and not jointly or jointly and severally) liable for funding its Funding Amount.
Once an amount is repaid to the Payees under this Note, it shall not be available for future drawdown by the Maker. No fees, payments
or other amounts shall be due to any Payee in connection with, or as a result of, the funding contemplated hereby.

 

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 Note within five (5) business
days of the date specified in Section 1 hereof.

 

(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, each Payee may, with respect to itself, by written
notice to the 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 4(b) and 4(c), 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 the Payees.

  

    2

    

    

 

6. 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
the Payees 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 the Payees.

 

7. 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 the Payees, and consents to any and all extensions of time, renewals, waivers, or modifications that may be granted
by the Payees 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.

 

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 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.

  

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11. Trust
Waiver. Each Payee hereby acknowledges that it is aware that the Maker established a trust account (the “Trust Account”)
for the benefit of its public shareholders at the closing of the Maker’s initial public offering. Each Payee, for itself
and its affiliates, hereby agree that it 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 Maker as a result of any liquidation of the Maker, except for redemption and liquidation rights,
if any, such Payee may have in respect of any shares of the Maker’s Class A common stock, par value $0.0001 per share (the
“Public Shares”), held by it. Each Payee hereby agrees that it shall have no right of set-off or any right,
title, interest or claim of any kind (“Claim”) to, or to any monies in, the Trust Account, and hereby irrevocably
waives any Claim to, or to any monies in, the Trust Account that it may have now or in the future, except for redemption and liquidation
rights, if any, such Payee may have in respect of any Public Shares held by it. In the event a Payee has any Claim against the
Maker under this Agreement, such Payee shall pursue such Claim solely against the Maker and its assets outside the Trust Account
and not against the property or any monies in the Trust Account, except for redemption and liquidation rights, if any, such Payee
may have in respect of any Public Shares held by it.

 

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 all of the Payees.

 

13. 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]

  

    4

    

    

 

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.

  

	 	ONE
    MADISON CORPORATION
	 	a
    Cayman Islands exempted company
	 	 	 
	 	By:	
	 	 	Name: 
    	Omar
    M. Asali
	 	 	Title:
    	Chairman
    and Chief Executive Officer

 

[Signature
Page to Global Promissory Note]

  

     

    

    

  

	Accepted
    and agreed:	 
	 	 
	PAYEE	 
	 	 
	By:	      	 
	 	Name:	 
	 	Title:	 

  

[Signature
Page to Global Promissory Note]Exhibit
10.6

 

EXECUTION
VERSION

 

FORM
OF AMENDED AND RESTATED REALLOCATION AGREEMENT

 

This
Amended and Restated Reallocation Agreement (this “Agreement”) is entered into as of December 12, 2018, between
One Madison Corporation, a Cayman Islands exempted company (the “Company”), and the parties set forth on the
signature pages hereto (the “Investors”).

 

Recitals

 

WHEREAS,
the Company and the Investors are party to that certain Reallocation Agreement dated as of November 12, 2018 (the “Original
Reallocation Agreement”);

 

WHEREAS,
the parties wish to amend and restate the Original Reallocation Agreement as set forth herein;

 

WHEREAS,
certain of the Investors (the “Initial Investors”) previously entered into Forward Purchase Agreements (the
“Forward Purchase Agreements”) with the Company, pursuant to which, among other things, such Investors (i)
committed to purchase Class A ordinary shares, par value $0.0001 per share (“Class A Shares”), and/or Class
C ordinary shares, par value $0.0001 per share (“Class C Shares”) (collectively, the “Total Forward
Purchase Shares”) and (ii) committed to purchase warrants exercisable to purchase one Class A Share at an exercise price
of $11.50 per share (the “Warrants”), in each case on the terms and conditions set forth therein;

 

WHEREAS,
pursuant to the Forward Purchase Agreements, the Company (i) issued to the Initial Investors a total of 3,750,000 Class B ordinary
shares, par value $0.0001 per share (“Class B Shares” and such pool of 3,750,000 Class B Shares, the “Class
B Pool”; the Class B Shares, together with the Warrants, the “Securities”), with such Class B Pool
allocated among the Initial Investors based on the number of Total Forward Purchase Shares committed to be acquired by the Initial
Investors and (ii) committed to issue to the Initial Investors a total of 5,000,000 Warrants (the “Warrant Pool”),
with such Warrant Pool allocated among the Initial Investors based on the number of Total Forward Purchase Shares committed to
be acquired by the Initial Investors such that one Warrant is issuable to the Initial Investors for each three Total Forward Purchase
Shares issued to the Initial Investors;

 

WHEREAS,
each of the Investors currently (i) owns the number of Class B Shares set forth opposite such Investor’s name on Exhibit
A hereto under the header “Number of Current Promote Shares” and (ii) has the right to acquire the number of Warrants
set forth opposite such Investor’s name on Exhibit A hereto under the header “Number of Current Warrants”;

 

WHEREAS,
the Company intends to enter into a Stock Purchase Agreement pursuant to which the Company will acquire from Rack Holdings L.P.,
a Delaware limited partnership, all of the issued and outstanding shares of capital stock of Rack Holdings Inc., a Delaware corporation,
on the terms and subject to the conditions set forth in a definitive agreement to be entered into with respect thereto (the “Ranpak
Business Combination”);

 

WHEREAS,
in connection with the Ranpak Business Combination, certain of the Investors are entering into Subscription Agreements with the
Company (the “Subscription Agreements”) pursuant to which, among other things, such Investors are committing
to purchase Class A Shares and/or Class C Shares (the “Subscription Shares” and, together with the Total Forward
Purchase Shares, the “Investor Shares”) at the completion of the Ranpak Business Combination in order to provide
the Company with additional equity financing to consummate the Ranpak Business Combination (such commitments, together with the
Initial Commitments, the “Total Commitments”);

 

WHEREAS,
in connection with the entry into the Subscription Agreements, the Investors desire to (i) reallocate the Class B Pool (the “Class
B Reallocation”) such that, immediately following the Class B Reallocation, the Class B Pool will be allocated among
the Investors based on the number of Investor Shares committed to be acquired by the Investors and (ii) reallocate the Warrant
Pool (the “Warrant Reallocation” and, together with the Class B Reallocation, the “Reallocation”)
such that, immediately following the Warrant Reallocation, the Warrant Pool will be allocated among the Investors based on the
number of Investor Shares committed to be acquired by the Investors such that one Warrant is issuable to the Investors for each
5.64 Investor Shares issued to the Investors; and

 

     

     

    

 

WHEREAS,
upon consummation of the Reallocations, each of the Investors (i) will own the number of Class B Shares set forth opposite such
Investor’s name on Exhibit A hereto under the header “Number of Final Promote Shares” and (ii) will have
the right to acquire the number of Warrants set forth opposite such Investor’s name on Exhibit A hereto under the
header “Number of Final Warrants”.

 

NOW,
THEREFORE, in consideration of the premises, representations, warranties and the mutual covenants contained in this Agreement,
and for other good and valuable consideration, the receipt, sufficiency and adequacy of which are hereby acknowledged, the parties
hereto agree as follows:

 

Agreement

 

1.
Reallocation.

 

(a)
Class B Reallocation. Each Investor that has a negative number of Class B Shares set forth opposite such Investor’s
name on Exhibit A hereto under the header “Reallocation of Promote Shares” (the “Transferor Investors”)
shall sell and transfer to each Investor that has a positive number of Class B Shares set forth opposite such Investor’s
name on Exhibit A hereto under the header “Reallocation of Promote Shares” (the “Transferee Investors”)
a number of Class B Shares such that, immediately following the Class B Reallocation, each Investor will own the number of Class
B Shares set forth opposite such Investor’s name on Exhibit A hereto under the header “Number of Final Promote
Shares”, for a purchase price of $0.01 per whole Class B Share. The closing of the sale and transfer of the Class B Shares
(the “Class B Closing”) shall take place concurrently with the entry by the Company into the Stock Purchase
Agreement. At the Class B Closing, the Transferor Investors shall transfer to the Transferee Investors the applicable number of
Class B Shares against delivery of the applicable purchase price in cash via wire transfer to an account specified in writing
by the Transferor Investors.

 

(b)
Warrant Reallocation. Each Transferor Investor shall sell and transfer to each Transferee Investor the right to acquire
a number of Warrants immediately prior to the completion of the Ranpak Business Combination upon the funding of the Total Commitments
of such Transferee Investor such that, immediately following the Warrant Reallocation, each Investor will have the right to acquire
the number of Warrants set forth opposite such Investor’s name on Exhibit A hereto under the header “Number
of Final Warrants”. The closing of the sale and transfer of the rights to acquire the Warrant (the “Warrant Closing”
and, together with the Class B Closing, the “Closings”) shall take place concurrently with the Class B Closing.
At the Warrant Closing, the Transferor Investors shall transfer to the Transferee Investors the right to acquire the applicable
number of Warrants for no additional consideration

 

(c)
Delivery of Securities.

 

(i)
The Company shall update the register of members of the Company and with the Company’s transfer agent by book entry to reflect
the Reallocations on or promptly after (but in no event more than two (2) Business Days after) the date of the Closing.

 

(ii)
Each register and book entry for the applicable Securities shall contain a notation, and each certificate (if any) evidencing
the applicable Securities shall be stamped or otherwise imprinted with a legend, in substantially the following form:

 

“THE
SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES
LAWS OF ANY STATE OR OTHER JURISDICTION, AND MAY NOT BE TRANSFERRED IN VIOLATION OF SUCH ACT AND LAWS.”

 

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(d)
Legend Removal. If the applicable Securities are eligible to be sold without restriction under, and without the Company
being in compliance with the current public information requirements of, Rule 144 under the Securities Act of 1933, as amended
(the “Securities Act”), then at any Investor’s request, the Company will cause the Company’s transfer
agent to remove the legend set forth in Section 1(b)(ii) with respect to such Investor’s applicable Securities. In connection
therewith, if required by the Company’s transfer agent, the Company will promptly cause an opinion of counsel to be delivered
to and maintained with its transfer agent, together with any other authorizations, certificates and directions required by the
transfer agent that authorize and direct the transfer agent to issue such applicable Securities without any such legend; provided,
that, notwithstanding the foregoing, the Company will not be required to deliver any such opinion, authorization, certificate
or direction if it reasonably believes that removal of the legend could result in or facilitate transfers of any Securities in
violation of applicable law.

 

(e)
Registration Rights. The Company and each Transferee Investor agree that the Class B Shares and Warrants (and Class A Shares
into which such Class B Shares are convertible and underlying such Warrants) transferred to such Transferee Investor pursuant
to the Reallocation will constitute “Registrable Securities” for purposes of the registration rights set forth in
the Forward Purchase Agreement or Subscription Agreement, as applicable, to which such Transferee Investor is a party.

 

(f)
Other Obligations Relating to the Class B Shares. If the Company and the Investor (i) are parties to a Forward Purchase
Agreement, the Company and the Investor agree that the Class B Shares owned by the Investor immediately following the Closing
will be subject to all provisions of such Forward Purchase Agreement relating to Class B Shares, including all provisions set
forth in such Forward Purchase Agreement with respect to the voting of, transfer and forfeiture of and waiver of redemption rights
with respect to such Class B Shares, or (ii) are not parties to a Forward Purchase Agreement, then the Investor shall be bound
by, and the Class B Shares owned by such investor shall be subject to, the terms set forth on Exhibit B.

 

(g)
Further Reallocation. If the Stock Purchase Agreement is terminated in accordance with its terms prior to the completion
of the Ranpak Business Combination, then each Investor agrees that (i) the Class B Reallocation shall be reversed such that each
Investor will own the number of Class B Shares set forth opposite such Investor’s name on Exhibit A hereto under
the header “Number of Current Promote Shares” and (ii) the Warrant Reallocation shall be reversed such that each Investor
will have the right to acquire the number of Warrants set forth opposite such Investor’s name on Exhibit A hereto
under the header “Number of Current Warrants”. If the Reallocations are reversed, (x) each Transferee Investor shall
transfer to each Transferor Investor the number of Class B Shares transferred by such Transferor Investor to such Transferee Investor
at the Class B Closing, against refund by such Transferor Investor of the applicable purchase price paid by such Transferee Investor
to such Transferor Investor at the Class B Closing and (y) each Transferee Investor shall transfer to each Transferor Investor
the right to acquire the number of Warrants transferred by such Transferor Investor to such Transferee Investor at the Warrant
Closing, for no additional consideration.

 

(h)
Consent to Assignment. Each of the Company and the Investors consent to the assignments and transfers contemplated hereunder
for purposes of the Forward Purchase Agreements and any other applicable agreements relating to the transfer or assignment of
any Securities.

 

2.
Representations and Warranties of the Investors. Each Investor represents and warrants to each other Investor and the Company
as follows, as of the date hereof:

 

(a)
Organization and Power. If an entity, such Investor is duly organized, validly existing, and in good standing under the
laws of the jurisdiction of its formation (if the concept of “good standing” is a recognized concept in such jurisdiction)
and has all requisite power and authority to carry on its business as presently conducted and as proposed to be conducted.

 

(b)
Authorization. Such Investor has full power and authority to enter into this Agreement. This Agreement, when executed and
delivered by such Investor, will constitute the valid and legally binding obligation of the Investor, enforceable in accordance
with its terms, except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance
and any other laws of general application affecting enforcement of creditors’ rights generally or (b) as limited by laws
relating to the availability of specific performance, injunctive relief or other equitable remedies.

 

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(c)
Governmental Consents and Filings. No consent, approval, order or authorization of, or registration, qualification, designation,
declaration or filing with, any federal, state or local governmental authority is required on the part of such Investor in connection
with the consummation of the transactions contemplated by this Agreement.

 

(d)
Compliance with Other Instruments. The execution, delivery and performance by such Investor of this Agreement and the consummation
by such Investor of the transactions contemplated by this Agreement will not result in any violation or default (i) of any provisions
of its organizational documents, if applicable, (ii) of any instrument, judgment, order, writ or decree to which it is a party
or by which it is bound, (iii) under any note, indenture or mortgage to which it is a party or by which it is bound, (iv) under
any lease, agreement, contract or purchase order to which it is a party or by which it is bound or (v) of any provision of any
federal or state statute, rule or regulation applicable to such Investor, in each case (other than clause (i)), which would have
a material adverse effect on such Investor or its ability to consummate the transactions contemplated by this Agreement.

 

3.
Representations and Warranties of the Company. The Company represents and warrants to the Investors as follows:

 

(a)
Organization and Corporate Power. The Company is a company duly incorporated and validly existing and in good standing
as a company under the laws of its jurisdiction of incorporation and has all requisite corporate power and authority to carry
on its business as presently conducted and as proposed to be conducted. The Company has no subsidiaries.

 

(b)
Authorization. The Company has full power and authority to enter into this Agreement. This Agreement, when executed and
delivered by the Company, shall constitute the valid and legally binding obligation of the Company, enforceable against the Company
in accordance with its terms except

(i)
as limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance, or other laws of general application
relating to or affecting the enforcement of creditors’ rights generally or

(ii)
as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies.

 

(c)
Governmental Consents and Filings. Assuming the accuracy of the representations and warranties made by the Investors in
this Agreement, no consent, approval, order or authorization of, or registration, qualification, designation, declaration or filing
with, any federal, state or local governmental authority is required on the part of the Company in connection with the consummation
of the transactions contemplated by this Agreement, except for filings pursuant to Regulation D of the Securities Act, and applicable
state securities laws.

 

(d)
Compliance with Other Instruments. The execution, delivery and performance of this Agreement and the consummation of the
transactions contemplated by this Agreement will not result in any violation or default (i) of any provisions of its Charter (as
defined below) or other governing documents, (ii) of any instrument, judgment, order, writ or decree to which it is a party or
by which it is bound, (iii) under any note, indenture or mortgage to which it is a party or by which it is bound, (iv) under any
lease, agreement, contract or purchase order to which it is a party or by which it is bound or (v) of any provision of any federal
or state statute, rule or regulation applicable to the Company, in each case (other than clause (i)) which would have a material
adverse effect on the Company or its ability to consummate the transactions contemplated by this Agreement.

 

    4 

     

    

 

4.
General Provisions.

 

(a)
Notices. All notices and other communications given or made pursuant to this Agreement shall be in writing and shall be
deemed effectively given upon the earlier of actual receipt, or (a) personal delivery to the party to be notified, (b) when sent,
if sent by electronic mail or facsimile (if any) during normal business hours of the recipient, and if not sent during normal
business hours, then on the recipient’s next Business Day, (c) five (5) Business Days after having been sent by registered
or certified mail, return receipt requested, postage prepaid, or (d) one (1) Business Day after deposit with a nationally recognized
overnight courier, freight prepaid, specifying next Business Day delivery, with written verification of receipt. All communications
sent to the Company shall be sent to: One Madison Corporation, 3 East 28th Street, 8th Floor, New York, New York 10016, Attn:
David Murgio, Secretary, email: dmurgio@onemadisongroup.com, with a copy to the Company’s counsel at: Davis Polk
& Wardwell LLP, 450 Lexington Avenue, New York, NY 10017, Attn: Deanna L. Kirkpatrick, Esq., email: deanna.kirkpatrick@davispolk.com,
fax: (212) 701-5135, and John B. Meade, Esq., email: john.meade@davispolk.com, fax: (212) 701-5077, and Lee Hochbaum, Esq.,
email: lee.hochbaum@davispolk.com, fax (212) 701-5736.

 

All
communications to an Investor shall be sent to such Investor’s address as set forth on the signature page hereof, or to
such e-mail address, facsimile number (if any) or address as subsequently modified by written notice given in accordance with
this Section 4(a).

 

(b)
Survival of Representations and Warranties. All of the representations and warranties contained herein shall survive the
Closing.

 

(c)
Amendment and Restatement; Entire Agreement. This Agreement amends and restates the Original Reallocation Agreement in
its entirety. This Agreement, together with any documents, instruments and writings that are delivered pursuant hereto or referenced
herein, constitutes the entire agreement and understanding of the parties hereto in respect of its subject matter 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.

 

(d)
Successors. All of the terms, agreements, covenants, representations, warranties, and conditions of this Agreement are
binding upon, and inure to the benefit of and are enforceable by, the parties hereto and their respective successors. Nothing
in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their respective
successors and assigns any rights, remedies, obligations or liabilities under or by reason of this Agreement, except as expressly
provided in this Agreement.

 

(e)
Assignments. Except as otherwise specifically provided herein, no party hereto may assign either this Agreement or any
of its rights, interests, or obligations hereunder without the prior written approval of the other party.

 

(f)
Counterparts. This Agreement may be executed in two or more counterparts, each of which will be deemed an original but
all of which together will constitute one and the same instrument.

 

(g)
Headings. The section headings contained in this Agreement are inserted for convenience only and will not affect in any
way the meaning or interpretation of this Agreement.

 

(h)
Governing Law. This Agreement, the entire relationship of the parties hereto, and any litigation between the parties (whether
grounded in contract, tort, statute, law or equity) shall be governed by, construed in accordance with, and interpreted pursuant
to the laws of the State of Delaware, without giving effect to its choice of laws principles.

 

(i)
Jurisdiction. The parties (i) hereby irrevocably and unconditionally submit to the jurisdiction of the state courts of
New York and to the jurisdiction of the United States District Court for the Southern District of New York for the purpose of
any suit, action or other proceeding arising out of or based upon this Agreement, (b) agree not to commence any suit, action or
other proceeding arising out of or based upon this Agreement except in state courts of New York or the United States District
Court for the Southern District of New York, and (c) hereby waive, and agree not to assert, by way of motion, as a defense, or
otherwise, in any such suit, action or proceeding, any claim that it is not subject personally to the jurisdiction of the above-named
courts, that its property is exempt or immune from attachment or execution, that the suit, action or proceeding is brought in
an inconvenient forum, that the venue of the suit, action or proceeding is improper or that this Agreement or the subject matter
hereof may not be enforced in or by such court.

  

    5 

     

    

 

(j)
Waiver of Jury Trial. The parties hereto hereby waive any right to a jury trial in connection with any litigation pursuant
to this Agreement and the transactions contemplated hereby.

 

(k)
Amendments. This Agreement may not be amended, modified or waived as to any particular provision, except with the written
consent of the Company and each Investor.

 

(l)
Severability. The provisions of this Agreement will be deemed severable and the invalidity or unenforceability of any provision
will not affect the validity or enforceability of the other provisions hereof; provided that if any provision of this Agreement,
as applied to any party hereto or to any circumstance, is adjudged by a governmental authority, arbitrator, or mediator not to
be enforceable in accordance with its terms, the parties hereto agree that the governmental authority, arbitrator, or mediator
making such determination will have the power to modify the provision in a manner consistent with its objectives such that it
is enforceable, and/or to delete specific words or phrases, and in its reduced form, such provision will then be enforceable and
will be enforced.

 

(m)
Expenses. Each of the Company and each Investor will bear its own costs and expenses incurred in connection with the preparation,
execution and performance of this Agreement and the consummation of the transactions contemplated hereby, including all fees and
expenses of agents, representatives, financial advisors, legal counsel and accountants. The Company shall be responsible for any
fees of its transfer agent, stamp taxes and all of The Depository Trust Company’s fees associated with the Reallocations
and issuance of the securities issuable upon conversion or exercise of the Class B Shares or the Warrants.

 

(n)
Construction. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. If an ambiguity
or question of intent or interpretation arises, this Agreement will be construed as if drafted jointly by the parties hereto and
no presumption or burden of proof will arise favoring or disfavoring any party hereto because of the authorship of any provision
of this Agreement. Any reference to any federal, state, local, or foreign law will be deemed also to refer to such law as amended
and all rules and regulations promulgated thereunder, unless the context requires otherwise. The words “include,”
“includes,” and “including” will be deemed to be followed by “without limitation.”
Pronouns in masculine, feminine, and neuter genders will be construed to include any other gender, and words in the singular form
will be construed to include the plural and vice versa, unless the context otherwise requires. The words “this Agreement,”
“herein,” “hereof,” “hereby,” “hereunder,” and words
of similar import refer to this Agreement as a whole and not to any particular subdivision unless expressly so limited. The parties
hereto intend that each representation, warranty, and covenant contained herein will have independent significance. If any party
hereto has breached any representation, warranty, or covenant contained herein in any respect, the fact that there exists another
representation, warranty or covenant relating to the same subject matter (regardless of the relative levels of specificity) which
such party hereto has not breached will not detract from or mitigate the fact that such party hereto is in breach of the first
representation, warranty, or covenant.

 

(o)
Waiver. No waiver by any party hereto of any default, misrepresentation, or breach of warranty or covenant hereunder, whether
intentional or not, may be deemed to extend to any prior or subsequent default, misrepresentation, or breach of warranty or covenant
hereunder or affect in any way any rights arising because of any prior or subsequent occurrence.

 

(p)
Confidentiality. Except as may be required by law, regulation or applicable stock exchange listing requirements, unless
and until the transactions contemplated hereby and the terms hereof are publicly announced or otherwise publicly disclosed by
the Company, the parties hereto shall keep confidential and shall not publicly disclose the existence or terms of this Agreement.

  

(q)
Specific Performance. Each Investor agrees that irreparable damage would occur in the event that any provision of this
Agreement was not performed by such Investor in accordance with the specific terms hereof or was otherwise breached, and that
money damages or legal remedies would not be an adequate remedy for any such damages. Therefore, it is accordingly agreed that
the Company shall be entitled to enforce specifically the terms and provisions of this Agreement, or to enforce compliance with,
the covenants and obligations of such Investor, in any court of competent jurisdiction, and appropriate injunctive relief shall
be granted in connection therewith. The Company, in seeking an injunction, a decree or order of specific performance, shall not
be required to provide any bond or other security in connection therewith and any such remedy shall be in addition and not in
substitution for any other remedy to which the Company is entitled at law or in equity.

 

[Signature
page follows]

 

    6 

     

    

 

IN
WITNESS WHEREOF, the undersigned have executed this Agreement to be effective as of the date first set forth above.

 

INVESTOR:

 

	Investor’s
    Name:	 	 

  

	 	 	 	Address for Notices:
	 	 	 	 	 
	 	 	 	E-mail:	 
	By:	 	 	Fax:	 
		Name:	 	 	 
		Title:	 	 	 

 

[Signature
Page to Amended and Restated Reallocation Agreement]

 

     

     

    

 

COMPANY:

 

ONE
MADISON CORPORATION

 

	By:	 	 
	 	Name:	Omar M. Asali	 
	 	Title:	Chairman and Chief Executive
    Officer	 

 

[Signature
Page to Amended and Restated Reallocation Agreement]

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