Document:

Exhibit 10.8

 

ONE MADISON CORPORATION

3 East 28th Street, 8th Floor

New York, New York 10016

 

 [         ],
2018

 

One Madison Group LLC

3 East 28th Street, 8th Floor

New York, New York 10016

 

Re: Administrative Services
Agreement

 

Ladies and Gentlemen:

 

This letter agreement (this
“Agreement”) by and between One Madison Corporation (the “Company”) and One
Madison Group LLC (the “Sponsor”), dated as of the date hereof, will confirm our agreement that, commencing
on the date the securities of the Company are first listed on the New York Stock Exchange (the “Listing Date”),
pursuant to a Registration Statement on Form S-1 and prospectus filed with the U.S. Securities and Exchange Commission (the “Registration
Statement”) and continuing until the earlier of the consummation by the Company of an initial business combination
or the Company’s liquidation (in each case as described in the Registration Statement) (such earlier date hereinafter referred
to as the “Termination Date”):

 

(1) The Sponsor shall make
available to the Company, at 3 East 28th Street, New York, New York 10016 (or any successor location of the Sponsor), certain office
space, secretarial support and administrative services as may be reasonably required by the Company. In exchange therefor, the
Company shall pay the Sponsor the sum of $10,000 per month on the Listing Date and continuing monthly thereafter until the Termination
Date; and

 

(2) The Sponsor hereby
irrevocably waives any and all right, title, interest, causes of action and claims of any kind (each, a “Claim”)
in or to, and any and all right to seek payment of any amounts due to it out of, the trust account established for the benefit
of the public stockholders of the Company and into which substantially all of the proceeds of the Company’s initial public
offering will be deposited (the “Trust Account”), and hereby irrevocably waives any Claim it may have
in the future as a result of, or arising out of, this Agreement, which Claim would reduce, encumber or otherwise adversely affect
the Trust Account or any monies or other assets in the Trust Account, and further agrees not to seek recourse, reimbursement, payment
or satisfaction of any Claim against the Trust Account or any monies or other assets in the Trust Account for any reason whatsoever.

 

This Agreement 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.

 

     

     

    

 

This Agreement may not
be amended, modified or waived as to any particular provision, except by a written instrument executed by the parties hereto.

 

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. 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 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 New York, without
giving effect to its choice of law principles.

 

[Signature page follows]

 

    	 	2	 

     

    

 

	 	Very truly yours,
	 	 
	 	ONE MADISON CORPORATION
	 	 
	 	By:	 
	 	 	Name: Omar M. Asali
	 	 	Title:   Chief Executive Officer

 

	AGREED AND ACCEPTED BY:	 
	 	 
	ONE MADISON CORPORATION LLC	 
	 	 
	By:	 	 
	 	Name: Omar M. Asali	 
	 	Title:   Sole Member	 

 

[Signature Page to Administrative Services
Agreement]Exhibit 10.12

 

EXECUTION VERSION

 

One Madison Corporation

3 East 28nd Street, 8rd Floor

New York, New York 10016

 

December 1, 2017

One Madison Group LLC

3 East 28nd Street, 8rd Floor

New York, New York 10016

 

		RE:	Amendment No. 1 to the Securities Subscription Agreement

 

This first amendment
(the “Amendment”) to that certain Securities Subscription Agreement (the “Agreement”) entered
into on July 18, 2017 by and between One Madison Group LLC, a Delaware limited liability company (the “Subscriber”
or “you”), and One Madison Corporation, a Cayman Islands exempted company (the “Company”,
“we” or “us”) is made on the date hereof pursuant to Section 6.4 of the Agreement. Capitalized
terms that are used herein, except as otherwised defined herein, shall have the meanings ascribed to them in the Agreement. In
consideration of the mutual promises and covenants contained herein, the Company and the Subscriber agree as follows:

 

The following provision
shall be added immediately after Section 3.3 in the Agreement:

 

“3.4           Earnout.
During the period commencing on the date that a merger, share exchange, asset acquisition, share purchase, reorganization
or similar business combination between the Company and one or more businesses (a “Business Combination”) is
consummated through the fifth anniversary following the consummation of such Business Combination (the “Earnout End Date”),
unless the closing price of the Company’s Class A ordinary shares (or any successor class of common shares listed on The
New York Stock Exchange or The Nasdaq Stock Market) equals or exceeds $12.50 per share (as adjusted for share splits, dividends,
reorganizations, recapitalizations and the like) for any 20 trading days within any 30 consecutive trading day period or the Company
completes a liquidation, merger, share exchange or other similar transaction that results in all of its common shareholders having
the right to exchange their common equity for consideration in cash, securities or other property which equals or exceeds $12.50
per share (as adjusted for share splits, dividends, reorganizations, recapitalizations and the like) (each an “Earnout Condition”),
on the Earnout End Date or promptly thereafter (the “Earnout Forfeiture Date”), the Subscriber acknowledges and agrees
that it shall surrender for no consideration any and all rights to such number of Shares (including any Class A ordinary shares
into which such Shares are convertible) equal to 30.0% of the number of Shares held by the Subscriber immediately following the
Company’s IPO (after accounting for any forfeitures required pursuant to Section 3.2 hereto but assuming no exercise of the Over-allotment Option).”

 

The following provision
shall be added immediately after Section 5.4 in the Agreement:

 

“5.4           Subscriber
Lock-up. The Subscriber agrees that it shall not Transfer a number of Shares (including any Class A ordinary shares into which
such Shares are convertible) equal to 30.0% of the number of Shares held by the Subscriber immediately following the Company’s
IPO (after accounting for any forfeitures required pursuant to Section 3.2 hereto but assuming no exercise of the Over-allotment Option) until the earlier of (i) the
date on which one or more of the Earnout Conditions has been satisfied and (ii) the Earnout Forfeiture Date.

 

As used in this Agreement, “Transfer”
shall mean the (x) sale of, offer to sell, contract or agreement to sell, hypothecation, 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 U.S. Securities and Exchange Commission promulgated thereunder) with
respect to, any of the Shares or (y) 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 of the Shares, whether any such transaction is to be settled by delivery of such
Securities, in cash or otherwise.”

 

     

     

    

 

Upon and after the effectiveness of this
Amendment, each reference in the Agreement to “this Agreement”, “hereunder”, “hereof” or words
of like import referring to the Agreement shall mean and be a reference to the Agreement as modified and amended hereby.

 

This Amendment may be executed in one or
more counterparts, all of which when taken together shall be considered one and the same agreement and shall become effective when
counterparts have been signed by each party and delivered to the other party, it being understood that both parties need not sign
the same counterpart. In the event that any signature is delivered by facsimile transmission or any other form of electronic delivery,
such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed)
with the same force and effect as if such signature page were an original thereof.

 

This Amendment and the rights and obligations
of the parties hereunder shall be construed in accordance with and governed by the laws of New York applicable to contracts wholly
performed within the borders of such state, without giving effect to the conflict of law principles thereof.

 

This Amendment is the joint product of the
Subscriber and the Company and each provision hereof has been subject to the mutual consultation, negotiation and agreement of
such parties and shall not be construed for or against any party hereto.

 

[Signature Page Follows]

 

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If the foregoing accurately
sets forth our understanding and agreement, please sign the enclosed copy of this Amendment and return it to us.

 

	 	Very truly yours,
	 	 
	 	ONE MADISON CORPORATION
	 	 
	 	By:	/s/ Omar M. Asali
	 	 	Name:	Omar M. Asali
	 	 	Title:	Chief Executive Officer

 

Accepted and agreed as of the date first written above.

 

	ONE MADISON GROUP LLC	 
	 	 	 	 
	By:	/s/ Omar M. Asali 	 
	 	Name:	Omar M. Asali	 
	 	Title:	Sole Member

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