Document:

Exhibit 4.3

 

GS ACQUISITION
HOLDINGS CORP,

 

COMPUTERSHARE INC.

 

and

 

COMPUTERSHARE TRUST
COMPANY, N.A.

 

WARRANT AGREEMENT

 

Dated as of June
7, 2018

 

THIS WARRANT AGREEMENT
(this “Agreement”), dated as of June 7, 2018, is by and between GS Acquisition Holdings Corp, a Delaware corporation
(the “Company”), Computershare Inc., a Delaware corporation, and its wholly-owned subsidiary Computershare Trust
Company, N.A., a federally chartered trust company (collectively, the “Warrant Agent”).

 

WHEREAS, on June
7, 2018, the Company granted a right (the “Rights”) to each holder of a share of its Class B Common Stock
(as defined below) as of the record date to subscribe to purchase up to 0.6143676290463690 warrants per share, at a purchase price
of $1.50 per warrant, bearing the legend set forth in Exhibit B hereto (the “Sponsor Warrants”) for an aggregate
of up to 10,597,841 Sponsor Warrants;

 

WHEREAS, on June 7,
2018, GS DC Sponsor I LLC, a Delaware limited liability company (the “Sponsor”), exercised its Rights (all other
Rights have since expired) and entered into that certain Warrant Subscription Agreement with the Company, pursuant to which the
Sponsor subscribed to purchase up to 10,533,333 Sponsor Warrants on the date(s) and in the amount(s) specified by the Company in
one or more sale notices;

 

WHEREAS, the Company
is engaged in an initial public offering (the “Offering”) of units of the Company’s equity securities,
each such unit comprised of one share of Common Stock (as defined below) and one-third of one redeemable Public Warrant
(as defined below) (the “Units”) and, in connection therewith, has determined to issue and deliver up to 23,000,000
warrants (including up to 3,000,000 warrants subject to the Over-allotment Option (as defined below)) to public investors in the
Offering (the “Public Warrants” and, together with the Sponsor Warrants, the “Warrants”).
Each whole Warrant entitles the holder thereof to purchase one share of Class A common stock of the Company, par value $0.0001
per share (“Common Stock”), for $11.50 per whole share, subject to adjustment as described herein. Only whole
warrants are exercisable. A holder of the Public Warrants will not be able to exercise any fraction of a Warrant;

 

WHEREAS, the Company
has filed with the Securities and Exchange Commission (the “Commission”) a registration statement on Form S-1, No. 333-225035 and
prospectus (the “Prospectus”), for the registration, under the Securities Act of 1933, as amended (the “Securities
Act”), of the Units, the Public Warrants and the shares of Common Stock included in the Units;

 

WHEREAS, the Company
desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance,
registration, transfer, exchange, redemption and exercise of the Warrants;

 

     

     

    

 

WHEREAS, the Company
desires to provide for the form and provisions of the Warrants, the terms upon which they shall be issued and exercised, and the
respective rights, limitation of rights, and immunities of the Company, the Warrant Agent, and the holders of the Warrants; and

 

WHEREAS, all
acts and things have been done and performed which are necessary to make the Warrants, when executed on behalf of the Company
and countersigned by or on behalf of the Warrant Agent, as provided herein, the valid, binding and legal obligations of the
Company, and to authorize the execution and delivery of this Agreement.

 

NOW, THEREFORE,
in consideration of the mutual agreements herein contained, the parties hereto agree as follows:

 

	1.	Appointment of Warrant Agent. The Company hereby appoints the Warrant Agent to act as agent for the Company for the Warrants, and the Warrant Agent hereby accepts such appointment and agrees to perform the same in accordance with the express terms and conditions set forth in this Agreement.

 

	2.	Warrants.

 

	2.1	Form of Warrant. Each Warrant shall initially be issued in registered form only.

 

	2.2	Effect of Countersignature. If a physical certificate is issued, unless and until countersigned by the Warrant Agent, either by manual or facsimile signature, pursuant to this Agreement, a Warrant shall be invalid and of no effect and may not be exercised by the holder thereof.

 

	2.3	Registration.

 

	 	2.3.1	Warrant Register. The Warrant Agent shall maintain books (the “Warrant Register”), for the registration of original issuance and the registration of transfer of the Warrants. Upon the initial issuance of the Warrants in book-entry form, the Warrant Agent shall issue and register the Warrants in the names of the respective holders thereof in such denominations and otherwise in accordance with instructions delivered to the Warrant Agent by the Company. Ownership of beneficial interests in the Public Warrants shall be shown on, and the transfer of such ownership shall be effected through, records maintained by institutions that have accounts with The Depository Trust Company (the “Depositary”) (such institution, with respect to a Warrant in its account, a “Participant”).

 

If the Depositary
subsequently ceases to make its book-entry settlement system available for the Public Warrants, the Company may instruct the Warrant
Agent regarding making other arrangements for book-entry settlement. In the event that the Public Warrants are not eligible for,
or it is no longer necessary to have the Public Warrants available in, book-entry form, the Warrant Agent shall provide written
instructions to the Depositary to deliver to the Warrant Agent for cancellation each book-entry Public Warrant, and the Company
shall instruct the Warrant Agent to deliver to the Depositary definitive certificates in physical form evidencing such Warrants
which shall be in the form annexed hereto as Exhibit A.

 

The certificates,
if issued, shall be signed by, or bear the facsimile signature of, the Chairman of the Board, Chief Executive Officer, the President
or the Secretary of the Company. In the event the person whose facsimile signature has been placed upon any Warrant shall have
ceased to serve in the capacity in which such person signed the Warrant before such Warrant is issued, it may be issued with the
same effect as if he or she had not ceased to be such at the date of issuance.

 

    2

     

    

 

	 	2.3.2	Registered Holder. Prior to due presentment for registration of transfer of any Warrant, the Company and the Warrant Agent may deem and treat the person in whose name such Warrant is registered in the Warrant Register (the “Registered Holder”) as the absolute owner of such Warrant and of each Warrant represented thereby (notwithstanding any notation of ownership or other writing on any physical certificate made by anyone other than the Company or the Warrant Agent), for the purpose of any exercise thereof, and for all other purposes, and neither the Company nor the Warrant Agent shall be affected by any notice to the contrary.

 

	2.4	Detachability of Warrants. The shares of Common Stock and Public Warrants comprising the Units shall begin separate trading on the 52nd day following the date of the Prospectus or, if such 52nd day is not on a day, other than a Saturday, Sunday or federal holiday, on which banks in New York City are generally open for normal business (a “Business Day”), then on the immediately succeeding Business Day following such date, or earlier (the “Detachment Date”) with the consent of Goldman, Sachs & Co., but in no event shall the shares of Common Stock and the Public Warrants comprising the Units be separately traded until (A) the Company has filed a current report on Form 8-K with the Commission containing an audited balance sheet reflecting the receipt by the Company of the gross proceeds of the Offering, including the proceeds received by the Company from the exercise by the underwriters of their right to purchase additional Units in the Offering (the “Over-allotment Option”), if the Over-allotment Option is exercised prior to the filing of the Form 8-K, and (B) the Company issues a press release and files with the Commission a Current Report on Form 8-K announcing when such separate trading shall begin.

 

	2.5	Fractional Warrants. The Company shall not issue fractional Warrants other than as part of the Units, each of which is comprised of one share of Common Stock and one-third of one redeemable Public Warrant. If, upon the detachment of Public Warrants from the Units or otherwise, a holder of Warrants would be entitled to receive a fractional Warrant, the Company shall round down to the nearest whole number the number of Warrants to be issued to such holder.

 

	2.6	Sponsor Warrants. The Sponsor Warrants shall be identical to the Public Warrants, except that so long as they are held by the Sponsor or any of its Permitted Transferees (as defined below) the Sponsor Warrants: (i) may be exercised on a cashless basis, pursuant to subsection 3.3.1(c) hereof, (ii) may not be transferred, assigned or sold until thirty (30) days after the completion by the Company of an initial Business Combination (as defined below), and (iii) shall not be redeemable by the Company; provided, however, that in the case of (ii), the Sponsor Warrants and any shares of Common Stock issued upon exercise of the Sponsor Warrants may be transferred by the holders thereof:

 

	 	(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;

 

    3

     

    

 

	 	(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; and

 

	 	(h)	in the event of the Company’s completion of a liquidation, merger, stock exchange or other similar transaction which results in all of the Company’s stockholders having the right to exchange their shares of Common Stock for cash, securities or other property subsequent to the completion of the initial Business Combination; provided, however, that in the case of clauses (a) through (e) these permitted transferees (the “Permitted Transferees”) must enter into a written agreement agreeing to be bound by these transfer restrictions and the other restrictions contained in the letter agreement.

 

	2.7	Opinion of Counsel. The Company shall provide an opinion of counsel that the Warrant Agent may rely upon prior to the issuance of the Warrants to set up a reserve of the Warrants and the related Common Shares in form and substance reasonably agreeable to the Warrant Agent in accordance with its procedures.

 

	3.	Terms and Exercise of Warrants.

 

	3.1	Warrant Price. Each Warrant shall entitle the Registered Holder thereof, subject to the provisions of such Warrant and of this Agreement, to purchase from the Company the number of shares of Common Stock stated therein, at the price of $11.50 per whole share, subject to the adjustments provided in Section 4 hereof and in the second to last sentence of this Section 3.1. The term “Warrant Price” as used in this Agreement shall mean the price per share described in the prior sentence at which shares of Common Stock may be purchased at the time a Warrant is exercised. The Company in its sole discretion may lower the Warrant Price at any time prior to the Expiration Date (as defined below) for a period of not less than twenty (20) Business Days, provided, that the Company shall provide at least twenty (20) days prior written notice of such reduction to Registered Holders of the Warrants and, provided further that any such reduction shall be identical among all of the Warrants. The Company shall promptly notify the Warrant Agent of any Warrant Price reduction.

 

    4

     

    

 

	3.2	Duration of Warrants. A Warrant may be exercised only during the period (the “Exercise Period”) (A) commencing on the later of: (i) the date that is thirty (30) days after the first date on which the Company completes a liquidation, merger, stock exchange, reorganization or similar transaction, involving the Company and one or more businesses (a “Business Combination”), and (ii) the date that is twelve (12) months from the date of the closing of the Offering, and (B) terminating at 5:00 p.m., New York City time on the earlier to occur of: (w) the date that is five (5) years after the date on which the Company completes its initial Business Combination, (x) the liquidation of the Company in accordance with the Company’s certificate of incorporation, as amended from time to time, if the Company fails to consummate a Business Combination, and (y) other than with respect to the Sponsor Warrants, the Redemption Date (as defined below) as provided in Section 6.3 hereof or (z) the Alternative Redemption Date (as defined below) (the “Expiration Date”); provided, however, that the exercise of any Warrant shall be subject to the satisfaction of any applicable conditions, as set forth in subsection 3.3.2 below, with respect to an effective registration statement. Except with respect to the right to receive the Redemption Price (as defined below) or the Alternative Redemption Price (as defined below) (other than with respect to a Sponsor Warrant) in the event of a redemption (as set forth in Section 6 hereof), each Warrant (other than a Sponsor Warrant in the event of a redemption) not exercised on or before the Expiration Date shall become null and void, and all rights thereunder and all rights in respect thereof under this Agreement shall cease at 5:00 p.m. New York City time on the Expiration Date. The Company in its sole discretion may extend the duration of the Warrants by delaying the Expiration Date; provided, that the Company shall provide at least twenty (20) days prior written notice of any such extension to Registered Holders of the Warrants, and the Warrant Agent, and, provided further that any such extension shall be identical in duration among all the Warrants. The Warrant Agent will not be deemed to have any knowledge of an Expiration Date as set forth herein unless and until it has received written notice of such expiration date from the Company.

 

	3.3	Exercise of Warrants.

 

	 	3.3.1	Payment. Subject to the provisions of the Warrant and this Agreement, a Warrant, may be exercised by the Registered Holder thereof by surrendering it, at the office(s) of the Warrant Agent, or at the office of its successor as Warrant Agent, together with (i) an election to purchase form, duly executed, electing to exercise such Warrant; (ii) payment in full of the Warrant Price for each full share of Common Stock as to which the Warrant is exercised and any and all applicable taxes due in connection with the exercise of the Warrant, the exchange of the Warrant for the shares of Common Stock and the issuance of such shares of Common Stock, and (iii) any other such information or documentation that the Warrant Agent may reasonably require, as follows:

 

	 	(a)	in lawful money of the United States, in good certified check or good bank draft payable to the order of the Warrant Agent;

 

	 	(b)	in the event of a
    redemption pursuant to Section 6 hereof in which the Company’s board of directors (the
    “Board”) has elected to require all holders of the Warrants to exercise such Warrants on a “cashless
    basis,” by surrendering the Warrants for that number of shares of Common Stock equal to the quotient obtained by
    dividing (x) the product of the number of shares of Common Stock underlying the Warrants, multiplied by the difference
    between the Warrant Price and the “Fair Market Value”, as defined in this subsection 3.3.1(b), by
    (y) the Fair Market Value. Solely for purposes of this subsection 3.3.1(b), Section 6.2 and Section 6.4, the “Fair Market Value” shall mean the average last reported sale price of the Common Stock for the ten (10) trading days ending on the third trading day prior to the date on which the notice of redemption is sent to the holders of the Warrants, pursuant to Section 6 hereof;

 

    5

     

    

 

	 	(c)	with respect to any Sponsor Warrant, so long as such Sponsor Warrant is held by the Sponsor or a Permitted Transferee, by surrendering the Warrants for that number of shares of Common Stock equal to the quotient obtained by dividing (x) the product of the number of shares of Common Stock underlying the Warrants, multiplied by the difference between the Warrant Price and the “Fair Market Value”, as defined in this subsection 3.3.1(c), by (y) the Fair Market Value. Solely for purposes of this subsection 3.3.1(c), the “Fair Market Value” shall mean the average last reported sale price of the Common Stock for the ten (10) trading days ending on the third trading day prior to the date on which notice of exercise of the Warrant is sent to the Warrant Agent; or

 

	 	(d)	as provided in Section 7.4 hereof.

 

The Warrant Agent shall
forward funds received for warrant exercises in a given month by the 5th business day of the following month by wire transfer to
an account designated by the Company.

 

	 	3.3.2	Issuance of
    Shares of Common Stock on Exercise. As soon as practicable after the exercise of any Warrant and the clearance of the
    funds in payment of the Warrant Price (if payment is pursuant to subsection 3.3.1(a)), the Company shall issue to
    the Registered Holder of such Warrant a book-entry position or certificate, as applicable, for the number of full shares of
    Common Stock to which he, she or it is entitled, registered in such name or names as may be directed by him, her or it, and
    if such Warrant shall not have been exercised in full, a new book-entry position or countersigned Warrant, as applicable, for
    the number of shares of Common Stock as to which such Warrant shall not have been exercised. Notwithstanding the foregoing,
    the Company shall not be obligated to deliver any shares of Common Stock pursuant to the exercise of a Warrant and shall have
    no obligation to settle such Warrant exercise unless a (a) registration statement under the Securities Act with respect
    to the shares of Common Stock underlying the Public Warrants is then effective and (b) a prospectus relating thereto is
    current, subject to the Company’s satisfying its obligations under Section 7.4. Unless otherwise
    advised in writing by the Company, the Warrant Agent shall be entitled to assume that clause (a) and (b) are in effect
    and shall incur no liability in making such assumption. No Warrant shall be exercisable and the Company shall not be
    obligated to issue shares of Common Stock upon exercise of a Warrant unless the shares of Common Stock issuable upon such
    Warrant exercise have been registered, qualified or deemed to be exempt under the securities laws of the state of residence
    of the Registered Holder of the Warrants. In the event that the conditions in the two immediately preceding sentences are not
    satisfied with respect to a Warrant, the holder of such Warrant shall not be entitled to exercise such Warrant and such
    Warrant may have no value and expire worthless, in which case the purchaser of a Unit containing such Public Warrants shall
    have paid the full purchase price for the Unit solely for the shares of Common Stock underlying such Unit. Subject to Section 4.6 of this Agreement, a Registered Holder of Public Warrants may exercise its Public Warrants only for a whole number of shares of Common Stock. In no event will the Company be required to net cash settle the Warrant exercise. The Company may require holders of Public Warrants to settle the Warrant on a “cashless basis” pursuant to Section 7.4. If, by reason of any exercise of Warrants on a “cashless basis,” the holder of any Warrant would be entitled, upon the exercise of such Warrant, to receive a fractional interest in a share of Common Stock, the Company shall round down to the nearest whole number, the number of shares of Common Stock to be issued to such holder. Unless otherwise advised in writing by the Company, the Warrant Agent shall be entitled to assume that the warrants will not be exercisable on a “cashless basis” pursuant to Section 7.4.

 

    6

     

    

 

	 	3.3.3	Valid Issuance. All shares of Common Stock issued upon the proper exercise of a Warrant in conformity with this Agreement shall be validly issued, fully paid and non-assessable.

 

	 	3.3.4	Date of Issuance. Each person in whose name any certificate for shares of Common Stock is issued shall for all purposes be deemed to have become the holder of record of such shares of Common Stock on the date on which the Warrant was surrendered and payment of the Warrant Price was made, irrespective of the date of delivery of such certificate, except that, if the date of such surrender and payment is a date when the share transfer books of the Company are closed, such person shall be deemed to have become the holder of such shares at the close of business on the next succeeding date on which the share transfer books are open.

 

	 	3.3.5	Maximum
    Percentage. A holder of a Warrant may notify the Company in writing in the event it elects to be subject to the
    provisions contained in this subsection 3.3.5; however, no holder of a Warrant shall be subject to
    this subsection 3.3.5 unless he, she or it makes such election. If the election is made by a holder, the
    Warrant Agent, upon written instruction from the Company, shall not effect the exercise of the holder’s Warrant, and
    the Warrant Agent, upon written instruction from the Company, shall not provide the holder with the right to exercise such
    Warrant, to the extent that after giving effect to such exercise, such person (together with such person’s affiliates),
    would beneficially own in excess of 9.8% or such other amount as the holder may specify (the “Maximum
    Percentage”) of the shares of Common Stock outstanding immediately after giving effect to such exercise. For
    purposes of the foregoing sentence, the aggregate number of shares of Common Stock beneficially owned by such person and its
    affiliates shall include the number of shares of Common Stock issuable upon exercise of the Warrant with respect to which the
    determination of such sentence is being made, but shall exclude shares of Common Stock that would be issuable upon
    (x) exercise of the remaining, unexercised portion of the Warrant beneficially owned by such person and its affiliates
    and (y) exercise or conversion of the unexercised or unconverted portion of any other securities of the Company
    beneficially owned by such person and its affiliates (including, without limitation, any convertible notes or convertible preferred stock or warrants) subject to a limitation on conversion or exercise analogous to the limitation contained herein. Except as set forth in the preceding sentence, for purposes of this paragraph, beneficial ownership shall be calculated in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). For any reason at any time, upon the written request of the holder of the Warrant or the Warrant Agent, the Company shall, within two (2) Business Days after, but not including, confirm orally and in writing to such holder the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to the conversion or exercise of equity securities of the Company by the holder and its affiliates since the date as of which such number of outstanding shares of Common Stock was reported. By written notice to the Company, the holder of a Warrant may from time to time increase or decrease the Maximum Percentage applicable to such holder to any other percentage specified in such notice; provided, however, that any such increase shall not be effective until the sixty-first (61st) day after such notice is delivered to the Company, with prompt notice thereafter to the Warrant Agent.

 

    7

     

    

 

	 	3.3.6	Cost Basis Information. The Warrant Agent shall not have any obligation to provide, and shall not be responsible for providing, any cost basis information to any holder of a Warrant under this Agreement.

 

	4.	Adjustments.

 

	4.1	Stock Dividends.

 

	 	4.1.1	Split-Ups.
    If after the date hereof, and subject to the provisions of Section 4.6 below, the number of outstanding
    shares of Common Stock is increased by a stock dividend payable in shares of Common Stock, or by a split-up of
    shares of Common Stock or other similar event, then, on the effective date of such stock dividend, split-up or
    similar event, the number of shares of Common Stock issuable on exercise of each Warrant shall be increased in proportion to
    such increase in the outstanding shares of Common Stock. A rights offering to holders of shares of Common Stock entitling
    holders to purchase shares of Common Stock at a price less than the “Fair Market Value” (as defined below) shall
    be deemed a stock dividend of a number of shares of Common Stock equal to the product of (i) the number of shares of
    Common Stock actually sold in such rights offering (or issuable under any other equity securities sold in such rights
    offering that are convertible into or exercisable for the shares of Common Stock) multiplied by (ii) one (1) minus
    the quotient of (x) the price per share of Common Stock paid in such rights offering divided by (y) the Fair Market
    Value. For purposes of this subsection 4.1.1, (i) if the rights offering is for securities convertible into
    or exercisable for shares of Common Stock, in determining the price payable for shares of Common Stock, there shall be taken
    into account any consideration received for such rights, as well as any additional amount payable upon exercise or conversion
    and (ii) “Fair Market Value” means the volume weighted average price of the Common Stock as reported during the ten (10) trading day period ending on the trading day prior to the first date on which the shares of Common Stock trade on the applicable exchange or in the applicable market, regular way, without the right to receive such rights.

 

    8

     

    

 

	 	4.1.2	Extraordinary Dividends. If the Company, at any time while the Warrants are outstanding and unexpired, shall pay a dividend or make a distribution in cash, securities or other assets to the holders of the shares of Common Stock on account of such shares of Common Stock (or other shares of the Company’s capital stock into which the Warrants are convertible), other than (a) as described in subsection 4.1.1 above, (b) Ordinary Cash Dividends (as defined below), (c) to satisfy the redemption rights of the holders of the shares of Common Stock in connection with a proposed initial Business Combination, (d) to satisfy the redemption rights of the holders of the shares of Common Stock in connection with a stockholder vote to amend the Company’s amended and restated certificate of incorporation to modify the substance or timing of the Company’s obligation to redeem 100% of the public shares of Common Stock if the Company does not complete the Business Combination within the period set forth in the Company’s amended and restated certificate of incorporation, or (e) in connection with the redemption of public shares upon the failure of the Company to complete its initial Business Combination and any subsequent distribution of its assets upon its liquidation (any such non-excluded event being referred to herein as an “Extraordinary Dividend”), then the Warrant Price shall be decreased, effective immediately after the effective date of such Extraordinary Dividend, by the amount of cash and/or the fair market value (as determined by the Board, in good faith) of any securities or other assets paid on each share of Common Stock in respect of such Extraordinary Dividend. For purposes of this subsection 4.1.2, “Ordinary Cash Dividends” means any cash dividend or cash distribution which, when combined on a per share basis, with the per share amounts of all other cash dividends and cash distributions paid on the shares of Common Stock during the 365-day period ending on the date of declaration of such dividend or distribution (as adjusted to appropriately reflect any of the events referred to in other subsections of this Section 4 and excluding cash dividends or cash distributions that resulted in an adjustment to the Warrant Price or to the number of shares of Common Stock issuable on exercise of each Warrant) does not exceed $0.50 (being 5% of the offering price of the Units in the Offering).

 

	4.2	Aggregation of Shares. If after the date hereof, and subject to the provisions of Section 4.6 hereof, the number of outstanding shares of Common Stock is decreased by a consolidation, combination, reverse stock split or reclassification of shares of Common Stock or other similar event, then, on the effective date of such consolidation, combination, reverse stock split, reclassification or similar event, the number of shares of Common Stock issuable on exercise of each Warrant shall be decreased in proportion to such decrease in outstanding shares of Common Stock.

 

    9

     

    

 

	4.3	Adjustments in Exercise Price. Whenever the number of shares of Common Stock purchasable upon the exercise of the Warrants is adjusted, the Warrant Price shall be adjusted (to the nearest cent) by multiplying such Warrant Price immediately prior to such adjustment by a fraction (x) the numerator of which shall be the number of shares of Common Stock purchasable upon the exercise of the Warrants immediately prior to such adjustment, and (y) the denominator of which shall be the number of shares of Common Stock so purchasable immediately thereafter.

 

	4.4	Replacement of Securities upon
    Reorganization, etc. In case of any reclassification or reorganization of the outstanding shares of Common Stock (other
    than a change under Section 4.1 or Section 4.2 hereof or that solely affects the
    par value of such shares of Common Stock), or in the case of any merger or consolidation of the Company with or into another
    corporation (other than a consolidation or merger in which the Company is the continuing corporation and that does not result
    in any reclassification or reorganization of the outstanding shares of Common Stock), or in the case of any sale or
    conveyance to another corporation or entity of the assets or other property of the Company as an entirety or substantially as
    an entirety in connection with which the Company is dissolved, the holders of the Warrants shall thereafter have the right to
    purchase and receive, upon the basis and upon the terms and conditions specified in the Warrants and in lieu of the shares of
    Common Stock of the Company immediately theretofore purchasable and receivable upon the exercise of the rights represented
    thereby, the kind and amount of shares of stock or other securities or property (including cash) receivable upon such
    reclassification, reorganization, merger or consolidation, or upon a dissolution following any such sale or transfer, that
    the holder of the Warrants would have received if such holder had exercised his, her or its Warrant(s) immediately prior to
    such event (the “Alternative Issuance” ); provided, however, that (i) if the
    holders of the shares of Common Stock were entitled to exercise a right of election as to the kind or amount of securities,
    cash or other assets receivable upon such consolidation or merger, then the kind and amount of securities, cash or other
    assets constituting the Alternative Issuance for which each Warrant shall become exercisable shall be deemed to be the
    weighted average of the kind and amount received per share by the holders of the shares of Common Stock in such consolidation
    or merger that affirmatively make such election, and (ii) if a tender, exchange or redemption offer shall have been made
    to and accepted by the holders of the shares of Common Stock (other than a tender, exchange or redemption offer made by the
    Company in connection with redemption rights held by stockholders of the Company as provided for in the Company’s
    amended and restated certificate of incorporation or as a result of the repurchase of shares of Common Stock by the Company
    if a proposed initial Business Combination is presented to the stockholders of the Company for approval) under circumstances
    in which, upon completion of such tender or exchange offer, the maker thereof, together with members of any group (within the
    meaning of Rule 13d-5(b)(1) under the Exchange Act (or any successor rule)) of which such maker is a part, and
    together with any affiliate or associate of such maker (within the meaning of Rule 12b-2 under the Exchange Act (or
    any successor rule)) and any members of any such group of which any such affiliate or associate is a part, own beneficially
    (within the meaning of Rule 13d-3 under the Exchange Act (or any successor rule)) more than 50% of the outstanding
    shares of Common Stock, the holder of a Warrant shall be entitled to receive as the Alternative Issuance, the highest amount
    of cash, securities or other property to which such holder would actually have been entitled as a stockholder if such Warrant
    holder had exercised the Warrant prior to the expiration of such tender or exchange offer, accepted such offer and all of the
    shares of Common Stock held by such holder had been purchased pursuant to such tender or exchange offer, subject to adjustments (from and after the consummation of such tender or exchange offer) as nearly equivalent as possible to the adjustments provided for in this Section 4; provided, further, that if less than 70% of the consideration receivable by the holders of the shares of Common Stock in the applicable event is payable in the form of common stock in the successor entity that is listed for trading on a national securities exchange or is quoted in an established over-the-counter market, or is to be so listed for trading or quoted immediately following such event, and if the Registered Holder properly exercises the Warrant within thirty (30) days following the public disclosure of the consummation of such applicable event by the Company pursuant to a Current Report on Form 8-K filed with the Commission, the Warrant Price shall be reduced by an amount (in dollars) equal to the difference of (i) the Warrant Price in effect prior to such reduction minus (ii) (A) the Per Share Consideration (as defined below) (but in no event less than zero) minus (B) the Black-Scholes Warrant Value (as defined below). The “Black-Scholes Warrant Value” means the value of a Warrant immediately prior to the consummation of the applicable event based on the Black-Scholes Warrant Model for a Capped American Call on Bloomberg Financial Markets (“Bloomberg”). For purposes of calculating such amount, (1) Section 6 of this Agreement shall be taken into account, (2) the price of each share of Common Stock shall be the volume weighted average price of the Common Stock as reported during the ten (10) trading day period ending on the trading day prior to the effective date of the applicable event, (3) the assumed volatility shall be the 90 day volatility obtained from the HVT function on Bloomberg determined as of the trading day immediately prior to the day of the announcement of the applicable event, and (4) the assumed risk-free interest rate shall correspond to the U.S. Treasury rate for a period equal to the remaining term of the Warrant. “Per Share Consideration” means (i) if the consideration paid to holders of the shares of Common Stock consists exclusively of cash, the amount of such cash per share of Common Stock, and (ii) in all other cases, the volume weighted average price of the Common Stock as reported during the ten (10) trading day period ending on the trading day prior to the effective date of the applicable event. If any reclassification or reorganization also results in a change in shares of Common Stock covered by subsection 4.1.1, then such adjustment shall be made pursuant to subsection 4.1.1 or Sections 4.2, 4.3 and this Section 4.4. The provisions of this Section 4.4 shall similarly apply to successive reclassifications, reorganizations, mergers or consolidations, sales or other transfers. In no event will the Warrant Price be reduced to less than the par value per share issuable upon exercise of the Warrant.  

 

    10

     

    

 

	4.5 	Notices of Changes in Warrant. Upon
    every adjustment of the Warrant Price or the number of shares of Common Stock issuable upon exercise of a Warrant, the
    Company shall give prompt written notice thereof to the Warrant Agent, which notice shall state the Warrant Price resulting
    from such adjustment and the increase or decrease, if any, in the number of shares of Common Stock purchasable at such price
    upon the exercise of a Warrant, setting forth in reasonable detail the method of calculation and the facts upon which such
    calculation is based. Upon the occurrence of any event specified in Sections
    4.1, 4.2, 4.3 or 4.4 (“Adjustment Events”), the Company
    shall give written notice of the occurrence of such event to each holder of a Warrant, at the last address set forth for such
    holder in the Warrant Register, of the record date or the effective date of the event. Failure to give such notice to the
    holder of a Warrant or the Warrant Agent, or any defect therein, shall not affect the legality or validity of such event. The
    Company hereby agrees that it will provide the Warrant Agent with reasonable notice of Adjustment Events and of the events
    set forth in Section 4.8. The Company further agrees that it will provide to the Warrant Agent with any new
    or amended exercise terms. The Warrant Agent shall have no obligation under any section of this Warrant Agreement to
    determine whether an Adjustment Event or an event set forth in Section 4.8 has occurred or are
    scheduled or contemplated to occur or to calculate any of the adjustments, or make any calculations whatsoever.

 

	4.6	No Fractional Shares. Notwithstanding any provision contained in this Agreement to the contrary, the Company shall not issue fractional shares of Common Stock upon the exercise of Warrants. If, by reason of any adjustment made pursuant to this Section 4, the holder of any Warrant would be entitled, upon the exercise of such Warrant, to receive a fractional interest in a share, the Company shall, upon such exercise, round down to the nearest whole number the number of shares of Common Stock to be issued to such holder.

 

	4.7	Form of Warrant. The form of Warrant need not be changed because of any adjustment pursuant to this Section 4, and Warrants issued after such adjustment may state the same Warrant Price and the same number of shares of Common Stock as is stated in the Warrants initially issued pursuant to this Agreement; provided, however, that the Company may at any time in its sole discretion make any change in the form of Warrant that the Company may deem appropriate and that does not affect the substance thereof, and any Warrant thereafter issued or countersigned, whether in exchange or substitution for an outstanding Warrant or otherwise, may be in the form as so changed.

 

	4.8	Other Events. In case any event shall occur affecting the Company as to which none of the provisions of preceding subsections of this Section 4 are strictly applicable, but which would require an adjustment to the terms of the Warrants in order to (i) avoid an adverse impact on the Warrants and (ii) effectuate the intent and purpose of this Section 4, then, in each such case, the Company shall appoint a firm of independent public accountants, investment banking or other appraisal firm of recognized national standing, which shall give its opinion as to whether or not any adjustment to the rights represented by the Warrants is necessary to effectuate the intent and purpose of this Section 4 and, if they determine that an adjustment is necessary, the terms of such adjustment. The Company shall adjust the terms of the Warrants in a manner that is consistent with any adjustment recommended in such opinion.

 

	5.	Transfer and Exchange of Warrants.

 

	5.1	Registration of Transfer. The Warrant Agent shall register the transfer, from time to time, of any outstanding Warrant upon the Warrant Register, upon surrender of such Warrant for transfer, properly endorsed with signatures properly guaranteed and accompanied by appropriate instructions for transfer, and any other such information or documentation that the Warrant Agent shall reasonably request. Upon any such transfer, a new Warrant representing an equal aggregate number of Warrants shall be issued and the old Warrant shall be cancelled by the Warrant Agent. The Warrants so cancelled shall be delivered by the Warrant Agent to the Company from time to time upon request.

 

    11

     

    

 

	5.2	Procedure for Surrender of Warrants. Warrants may be surrendered to the Warrant Agent, together with a written request for exchange or transfer reasonably acceptable to the Warrant Agent, duly executed by the registered holder thereof, or by a duly authorized attorney, and thereupon the Warrant Agent shall issue in exchange therefor one or more new Warrants as requested by the Registered Holder of the Warrants so surrendered, representing an equal aggregate number of Warrants; provided, however, that except as otherwise provided herein or in any Book-Entry Warrant Certificate, each Book-Entry Warrant Certificate may be transferred only in whole and only to the Depository, to another nominee of the Depository, to a successor depository, or to a nominee of a successor depository; provided further, however, that in the event that a Warrant surrendered for transfer bears a restrictive legend (as in the case of the Sponsor Warrants), the Warrant Agent shall not cancel such Warrant and issue new Warrants in exchange thereof until the Warrant Agent has received an opinion of counsel for the Company stating that such transfer may be made and indicating whether the new Warrants must also bear a restrictive legend.

 

	5.3	Fractional Warrants. The Warrant Agent shall not be required to effect any registration of transfer or exchange which shall result in the issuance of a warrant certificate or book-entry position for a fraction of a warrant.

 

	5.4	Service Charges. No service charge shall be made for any exchange or registration of transfer of Warrants.

 

	5.5	Warrant Execution and Countersignature. The Warrant Agent is hereby authorized to countersign and to deliver, in accordance with the terms of this Agreement, the Warrants required to be issued pursuant to the provisions of this Section 5, and the Company, whenever required by the Warrant Agent, shall supply the Warrant Agent with Warrants duly executed on behalf of the Company for such purpose.

 

	5.6	Transfer of Warrants. Prior to the Detachment Date, the Public Warrants may be transferred or exchanged only together with the Unit in which such Warrant is included, and only for the purpose of effecting, or in conjunction with, a transfer or exchange of such Unit. Furthermore, each transfer of a Unit on the register relating to such Units shall operate also to transfer the Warrants included in such Unit. Notwithstanding the foregoing, the provisions of this Section 5.6 shall have no effect on any transfer of Warrants on and after the Detachment Date.

 

	6.	Redemption.

 

	6.1	Redemption of Warrants for Cash. Subject to Sections 6.5 and 6.6 hereof, not less than all of the outstanding Warrants may be redeemed, at the option of the Company, at any time while they are exercisable and prior to their expiration, at the office(s) of the Warrant Agent, upon notice to the Registered Holders of the Warrants, as described in Section 6.3 below, at the price of $0.01 per Warrant (the “Redemption Price”), provided that the last sales price of the Common Stock reported has been at least $18.00 per share (subject to adjustment in compliance with Section 4 hereof), on each of twenty (20) trading days, within the thirty (30) trading-day period ending on the third trading day prior to the date on which notice of the redemption is given and provided that there is an effective registration statement covering the shares of Common Stock issuable upon exercise of the Warrants, and a current prospectus relating thereto, available throughout the 30-day Redemption Period (as defined in Section 6.3 below) or the Company has elected to require the exercise of the Warrants on a “cashless basis” pursuant to subsection 3.3.1.

 

    12

     

    

 

	6.2	Redemption of Warrants for shares of Common Stock. Subject to Sections 6.5 and 6.6 hereof, not less than all of the outstanding Warrants may be redeemed, at the option of the Company, commencing ninety (90) days after they are first exercisable and prior to their expiration, at the office of the Warrant Agent, upon notice to the Registered Holders of the Warrants, as described in Section 6.3 below, at a price equal to a number of shares of Common Stock determined by reference to the table below, based on the redemption date (calculated for purposes of the table as the period to expiration of the Warrants) and the “Fair Market Value” (as such term is defined in subsection 3.3.1(b)) (the “Alternative Redemption Price”), provided that the last sales price of the shares of Common Stock reported has been at least $10.00 per share (subject to adjustment in compliance with Section 4 hereof), on the trading day prior to the date on which notice of the redemption is given and provided that there is an effective registration statement covering the shares of Common Stock issuable upon exercise of the Warrants, and a current prospectus relating thereto, available throughout the 30-day Redemption Period (as defined in Section 6.3 below) or the Company has elected to require the exercise of the Warrants on a “cashless basis” pursuant to subsection 3.3.1.

 

	 	 	Fair Market Value of shares of Common Stock ($)	 
	
        Redemption Date (period to
        expiration of the Warrants)	 	10	 	 	11	 	 	12	 	 	13	 	 	14	 	 	15	 	 	16	 	 	17	 	 	18	 
	57 months	 	 	0.257	 	 	 	0.277	 	 	 	0.294	 	 	 	0.310	 	 	 	0.324	 	 	 	0.337	 	 	 	0.348	 	 	 	0.358	 	 	 	0.365	 
	54 months	 	 	0.252	 	 	 	0.272	 	 	 	0.291	 	 	 	0.307	 	 	 	0.322	 	 	 	0.335	 	 	 	0.347	 	 	 	0.357	 	 	 	0.365	 
	51 months	 	 	0.246	 	 	 	0.268	 	 	 	0.287	 	 	 	0.304	 	 	 	0.320	 	 	 	0.333	 	 	 	0.346	 	 	 	0.357	 	 	 	0.365	 
	48 months	 	 	0.241	 	 	 	0.263	 	 	 	0.283	 	 	 	0.301	 	 	 	0.317	 	 	 	0.332	 	 	 	0.344	 	 	 	0.356	 	 	 	0.365	 
	45 months	 	 	0.235	 	 	 	0.258	 	 	 	0.279	 	 	 	0.298	 	 	 	0.315	 	 	 	0.330	 	 	 	0.343	 	 	 	0.356	 	 	 	0.365	 
	42 months	 	 	0.228	 	 	 	0.252	 	 	 	0.274	 	 	 	0.294	 	 	 	0.312	 	 	 	0.328	 	 	 	0.342	 	 	 	0.355	 	 	 	0.364	 
	39 months	 	 	0.221	 	 	 	0.246	 	 	 	0.269	 	 	 	0.290	 	 	 	0.309	 	 	 	0.325	 	 	 	0.340	 	 	 	0.354	 	 	 	0.364	 
	36 months	 	 	0.213	 	 	 	0.239	 	 	 	0.263	 	 	 	0.285	 	 	 	0.305	 	 	 	0.323	 	 	 	0.339	 	 	 	0.353	 	 	 	0.364	 
	33 months	 	 	0.205	 	 	 	0.232	 	 	 	0.257	 	 	 	0.280	 	 	 	0.301	 	 	 	0.320	 	 	 	0.337	 	 	 	0.352	 	 	 	0.364	 
	30 months	 	 	0.196	 	 	 	0.224	 	 	 	0.250	 	 	 	0.274	 	 	 	0.297	 	 	 	0.316	 	 	 	0.335	 	 	 	0.351	 	 	 	0.364	 
	27 months	 	 	0.185	 	 	 	0.214	 	 	 	0.242	 	 	 	0.268	 	 	 	0.291	 	 	 	0.313	 	 	 	0.332	 	 	 	0.350	 	 	 	0.364	 
	24 months	 	 	0.173	 	 	 	0.204	 	 	 	0.233	 	 	 	0.260	 	 	 	0.285	 	 	 	0.308	 	 	 	0.329	 	 	 	0.348	 	 	 	0.364	 
	21 months	 	 	0.161	 	 	 	0.193	 	 	 	0.223	 	 	 	0.252	 	 	 	0.279	 	 	 	0.304	 	 	 	0.326	 	 	 	0.347	 	 	 	0.364	 
	18 months	 	 	0.146	 	 	 	0.179	 	 	 	0.211	 	 	 	0.242	 	 	 	0.271	 	 	 	0.298	 	 	 	0.322	 	 	 	0.345	 	 	 	0.363	 
	15 months	 	 	0.130	 	 	 	0.164	 	 	 	0.197	 	 	 	0.230	 	 	 	0.262	 	 	 	0.291	 	 	 	0.317	 	 	 	0.342	 	 	 	0.363	 
	12 months	 	 	0.111	 	 	 	0.146	 	 	 	0.181	 	 	 	0.216	 	 	 	0.250	 	 	 	0.282	 	 	 	0.312	 	 	 	0.339	 	 	 	0.363	 
	9 months	 	 	0.090	 	 	 	0.125	 	 	 	0.162	 	 	 	0.199	 	 	 	0.237	 	 	 	0.272	 	 	 	0.305	 	 	 	0.336	 	 	 	0.362	 
	6 months	 	 	0.065	 	 	 	0.099	 	 	 	0.137	 	 	 	0.178	 	 	 	0.219	 	 	 	0.259	 	 	 	0.296	 	 	 	0.331	 	 	 	0.362	 
	3 months	 	 	0.034	 	 	 	0.065	 	 	 	0.104	 	 	 	0.150	 	 	 	0.197	 	 	 	0.243	 	 	 	0.286	 	 	 	0.326	 	 	 	0.361	 
	0 months	 	 	—  	 	 	 	—  	 	 	 	0.042	 	 	 	0.115	 	 	 	0.179	 	 	 	0.233	 	 	 	0.281	 	 	 	0.323	 	 	 	0.361	 

 

The exact Fair Market Value
and Redemption Date (as defined below) may not be set forth in the table above, in which case, if the Fair Market Value is between
two values in the table or the Redemption Date is between two redemption dates in the table, the number of shares of Common Stock
to be issued for each Warrant redeemed will be determined by a straight-line interpolation between the number of shares set forth
for the higher and lower Fair Market Values and the earlier and later redemption dates, as applicable, based on a 365- or 366-day year,
as applicable.

 

    13

     

    

 

The stock prices set forth
in the column headings of the table above shall be adjusted as of any date on which the number of shares issuable upon exercise
of a Warrant is adjusted pursuant to Section 4. The adjusted stock prices in the column headings shall equal the stock prices
immediately prior to such adjustment, multiplied by a fraction, the numerator of which is the number of shares deliverable upon
exercise of a Warrant immediately prior to such adjustment and the denominator of which is the number of shares deliverable upon
exercise of a Warrant as so adjusted. The number of shares in the table above shall be adjusted in the same manner and at the same
time as the number of shares issuable upon exercise of a Warrant.

 

	6.3	Date Fixed for, and Notice of, Redemption. In the event that the Company elects to redeem all of the Warrants pursuant to Section 6.1, the Company shall fix a date for the redemption (the “Redemption Date”). In the event that the Company elects to redeem all of the Warrants pursuant to Section 6.2, the Company shall fix a date for redemption (the “Alternative Redemption Date”). Notice of redemption shall be mailed by first class mail, postage prepaid, by the Company not less than thirty (30) days prior to the Redemption Date (such 30-day period, the “Redemption Period”) to the Registered Holders of the Warrants to be redeemed at their last addresses as they shall appear on the registration books. Any notice mailed in the manner herein provided shall be conclusively presumed to have been duly given whether or not the Registered Holder received such notice.

 

	6.4	Exercise After Notice of Redemption. The Warrants may be exercised, for cash (or on a “cashless basis” in accordance with subsection 3.3.1(b) of this Agreement) at any time after notice of redemption shall have been given by the Company pursuant to Section 6.3 hereof and prior to the Redemption Date. In the event that the Company determines to require all holders of Warrants to exercise their Warrants on a “cashless basis” pursuant to subsection 3.3.1, the notice of redemption shall contain the information necessary to calculate the number of shares of Common Stock to be received upon exercise of the Warrants, including the “Fair Market Value” (as such term is defined in subsection 3.3.1(b) hereof) in such case. On and after the Redemption Date, the record holder of the Warrants shall have no further rights except to receive, upon surrender of the Warrants, the Redemption Price or the Alternative Redemption Price, as applicable.

 

	6.5	Exclusion of Sponsor Warrants. The Company agrees that the redemption rights provided in Section 6.1 and Section 6.2 shall not apply to the Sponsor Warrants if at the time of the redemption such Sponsor Warrants continue to be held by the Sponsor or its Permitted Transferees. However, once such Sponsor Warrants are transferred (other than to Permitted Transferees under subsection 2.6), the Company may redeem the Sponsor Warrants, provided that the criteria for redemption are met, including the opportunity of the holder of such Sponsor Warrants to exercise the Sponsor Warrants prior to redemption pursuant to Section 6.1 or 6.2. Sponsor Warrants that are transferred to persons other than Permitted Transferees shall upon such transfer cease to be Sponsor Warrants and shall become Public Warrants under this Agreement.

 

	6.6	Public Warrants Held By the Company’s Officers or Directors. The Company agrees that if Public Warrants are held by any of the Company’s officers or directors, the Public Warrants held by such officers and directors will be subject to the redemption rights provided in Section 6.2, except that such officers and directors shall only receive “Fair Market Value” (“Fair Market Value” in this Section 6.6 shall mean the last reported sale price of the Public Warrants on the Alternative Redemption Date) for such Public Warrants so redeemed.

 

    14

     

    

 

 

	7.	Other Provisions Relating to Rights of Holders of Warrants.

 

	7.1	No Rights as Stockholder. A Warrant does not entitle the Registered Holder thereof to any of the rights of a stockholder of the Company, including, without limitation, the right to receive dividends, or other distributions, exercise any preemptive rights to vote or to consent or to receive notice as stockholders in respect of the meetings of stockholders or the election of directors of the Company or any other matter.

 

	7.2	Lost, Stolen, Mutilated, or Destroyed Warrants. If any Warrant is lost, stolen, mutilated or destroyed, absent notice to the Company or Warrant Agent that such certificates have been acquired by a protected purchaser, the Company may, upon receipt by Warrant Agent of an open penalty surety bond satisfactory to it and holding it and Company harmless, issue, in a form mutually agreed to by Warrant Agent and the Company, a new Warrant of like denomination, tenor and date as the Warrant so lost, stolen, mutilated or destroyed, and countersigned by the Warrant Agent. Any such new Warrant shall constitute a substitute contractual obligation of the Company, whether or not the allegedly lost, stolen, mutilated or destroyed Warrant shall be at any time enforceable by anyone. Warrant Agent may, at its option, countersign replacement Warrants for mutilated certificates upon presentation thereof without such indemnity.

 

	7.3	Reservation of Shares of Common Stock. The Company shall at all times reserve and keep available a number of its authorized but unissued shares of Common Stock that shall be sufficient to permit the exercise in full of all outstanding Warrants issued pursuant to this Agreement.

 

	7.4	Registration of Shares of Common Stock; Cashless Exercise at Company’s Option.

 

	 	7.4.1	 Registration of Shares of Common Stock.
The Company agrees that as soon as practicable, but in no event later than fifteen (15) Business Days after the closing of
its initial Business Combination, it shall use its best efforts to file with the Commission a registration statement for the registration,
under the Securities Act of the shares of Common Stock issuable upon exercise of the Warrants. The Company shall use its best
efforts to cause the same to become effective and to maintain the effectiveness of such registration statement, and a current
prospectus relating thereto, until the expiration of the Warrants in accordance with the provisions of this Agreement. If any
such registration statement has not been declared effective by the 60th Business Day following the closing of the Business Combination,
holders of the Warrants shall have the right, during the period beginning on the 61st Business Day after the closing of the Business
Combination and ending upon such registration statement being declared effective by the Commission, and during any other period
when the Company shall fail to have maintained an effective registration statement covering the shares of Common Stock issuable
upon exercise of the Warrants, to exercise such Warrants on a “cashless basis,” by exchanging the Warrants (in accordance
with Section 3(a)(9) of the Securities Act (or any successor statute) or another exemption) for that number of shares of
Common Stock equal to the quotient obtained by dividing (x) the product of the number of shares of Common Stock underlying
the Warrants, multiplied by the difference between the Warrant Price and the “Fair Market Value” (as defined below)
by (y) the Fair Market Value. Solely for   purposes
of this subsection 7.4.1, “Fair Market Value” shall mean the volume weighted average price of the
Common Stock as reported during the ten (10) trading day period ending on the trading day prior to the date that notice of
exercise is received by the Warrant Agent from the holder of such Warrants or its securities broker or intermediary. The date
that notice of “cashless exercise” is received by the Warrant Agent shall be conclusively determined by the Warrant
Agent. In connection with the “cashless exercise” of a Public Warrant, the Company shall, upon request, provide the
Warrant Agent with an opinion of counsel for the Company (which shall be an outside law firm with securities law experience) stating
that (i) the exercise of the Warrants on a “cashless basis” in accordance with this subsection 7.4.1 is
not required to be registered under the Securities Act and (ii) the shares of Common Stock issued upon such exercise shall
be freely tradable under United States federal securities laws by anyone who is not an affiliate (as such term is defined in Rule
144 under the Securities Act (or any successor rule)) of the Company and, accordingly, shall not be required to bear a restrictive
legend. Except as provided in subsection 7.4.2, for the avoidance of doubt, unless and until all of the Warrants have
been exercised or have expired, the Company shall continue to be obligated to comply with its registration obligations under the
first three sentences of this subsection 7.4.1.

  

    15

     

    

  

	 	7.4.2	Cashless Exercise at Company’s Option. If the shares of Common Stock are at the time of any exercise of a Warrant not listed on a national securities exchange such that it satisfies the definition of a “covered security” under Section 18(b)(1) of the Securities Act (or any successor statute), the Company may, at its option, (i) require holders of Public Warrants who exercise Public Warrants to exercise such Public Warrants on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act (or any successor statute) as described in subsection 7.4.1 and (ii) in the event the Company so elects, the Company shall (x) not be required to file or maintain in effect a registration statement for the registration, under the Securities Act, of the shares of Common Stock issuable upon exercise of the Warrants, notwithstanding anything in this Agreement to the contrary, and (y) use its best efforts to register or qualify for sale the shares of Common Stock issuable upon exercise of the Public Warrant under the blue sky laws of the state of residence of the exercising Public Warrant holder and in those states in which the Warrants were initially offered by the Company to the extent an exemption is not available.

 

	 	7.4.3	Cashless Exercise Ratio. The Company shall calculate and transmit to the Warrant Agent, and the Warrant Agent shall have no obligation under this Agreement to calculate, the cashless exercise ratio. The number of shares of Common Stock to be issued on such exercise will be determined by the Company (with written notice thereof to the Warrant Agent) using the formula set forth in herein, the Warrant Agent shall have no duty or obligation to investigate or confirm whether the Company’s determination of the number of shares of Common Stock to be issued on such exercise, pursuant to this Agreement, is accurate or correct.

 

    16

     

    

 

	8.	Concerning the Warrant Agent and Other Matters.

 

	8.1	Payment of Taxes. The Company shall from time to time promptly pay all taxes and charges that may be imposed upon the Company or the Warrant Agent in respect of the issuance or delivery of shares of Common Stock upon the exercise of the Warrants, but the Company and the Warrant Agent shall not be obligated to pay any transfer taxes in respect of the Warrants or such shares of Common Stock.

 

	8.2	Resignation, Consolidation, or Merger of Warrant Agent.

  

	 	8.2.1	Appointment of Successor Warrant Agent. The Warrant Agent, or any successor to it hereafter appointed, may resign its duties and be discharged from all further duties and liabilities hereunder after giving thirty (30) days’ after, but not including, notice in writing to the Company. If the office of the Warrant Agent becomes vacant by resignation or incapacity to act or otherwise, the Company shall appoint in writing a successor Warrant Agent in place of the Warrant Agent. If the Company shall fail to make such appointment within a period of thirty (30) days after, but not including, it has been notified in writing of such resignation or incapacity by the Warrant Agent or by the holder of a Warrant (who shall, with such notice, submit his Warrant for inspection by the Company), then the holder of any Warrant may apply to the Supreme Court of the State of New York for the County of New York for the appointment of a successor Warrant Agent at the Company’s cost. Any successor Warrant Agent, whether appointed by the Company or by such court, shall be authorized under applicable laws to exercise the powers of a transfer agent and subject to supervision or examination by federal or state authority. After appointment, any successor Warrant Agent shall be vested with all the authority, powers, rights, immunities, duties, and obligations of its predecessor Warrant Agent with like effect as if originally named as Warrant Agent hereunder, without any further act or deed; but if for any reason it becomes necessary or appropriate, the predecessor Warrant Agent shall execute and deliver, at the expense of the Company, an instrument transferring to such successor Warrant Agent all the authority, powers, and rights of such predecessor Warrant Agent hereunder; and upon request of any successor Warrant Agent the Company shall make, execute, acknowledge, and deliver any and all instruments in writing for more fully and effectually vesting in and confirming to such successor Warrant Agent all such authority, powers, rights, immunities, duties, and obligations.

 

	 	8.2.2	Notice of Successor Warrant Agent. In the event a successor Warrant Agent shall be appointed, the Company shall give notice thereof to the predecessor Warrant Agent and the Company’s transfer agent for the shares of Common Stock not later than the effective date of any such appointment.

 

	 	8.2.3	Merger or Consolidation of Warrant Agent. Any entity into which the Warrant Agent may be merged or with which it may be consolidated or any entity resulting from any merger or consolidation to which the Warrant Agent shall be a party shall be the successor Warrant Agent under this Agreement without any further act.

 

    17

     

    

  

	8.3	Fees and Expenses of Warrant Agent.

 

	 	8.3.1	Remuneration. The Company agrees to pay the Warrant Agent reasonable remuneration for its services as such Warrant Agent hereunder and shall, pursuant to its obligations under this Agreement, reimburse the Warrant Agent upon demand for all expenditures that the Warrant Agent may reasonably incur in the execution of its duties hereunder.

 

	 	8.3.2	Further Assurances. The Company agrees to perform, execute, acknowledge, and deliver or cause to be performed, executed, acknowledged, and delivered all such further and other acts, instruments, and assurances as may reasonably be required by the Warrant Agent for the carrying out or performing of the provisions of this Agreement.

 

	8.4	Liability of Warrant Agent.

 

	 	8.4.1	Reliance on Company Statement. Whenever in the performance of its duties under this Agreement, the Warrant Agent shall deem it necessary or desirable that any fact or matter be proved or established by the Company prior to taking or suffering any action hereunder, such fact or matter (unless other evidence in respect thereof be herein specifically prescribed) may be deemed to be conclusively proved and established by a statement signed by the Chairman of the Board, the Chief Executive Officer, the President, the Chief Financial Officer or the Secretary of the Company and delivered to the Warrant Agent. The Warrant Agent may rely upon such statement, and will be held harmless for such reliance, and shall not be held liable in connection with any delay in receiving such statement.

 

	 	8.4.2	Indemnity. The Warrant Agent shall be liable hereunder only for its own gross negligence, bad faith or willful misconduct (each as determined by a final judgment of a court of competent jurisdiction). The Company covenants and agrees to indemnify and to hold the Warrant Agent harmless against any costs, expenses (including reasonable fees of its legal counsel), losses or damages, which may be paid, incurred or suffered by or to which it may become subject, arising from or out of, directly or indirectly, any claims or liability resulting from its actions as Warrant Agent pursuant hereto; provided, however, that such covenant and agreement of the Company does not extend to, and the Warrant Agent shall not be indemnified with respect to, such costs, expenses, losses and damages incurred or suffered by the Warrant Agent as a result of, or arising out of, its gross negligence, bad faith or willful misconduct (each as determined by a final judgment of a court of competent jurisdiction).

  

	 	8.4.3	Exclusions. The Warrant Agent shall have no responsibility with respect to the validity of this Agreement or with respect to the validity or execution of any Warrant (except its countersignature thereof). The Warrant Agent shall not be responsible for any breach by the Company of any covenant or condition contained in this Agreement or in any Warrant. The Warrant Agent shall not be responsible to make any adjustments required under the provisions of Section 4 hereof or responsible for the manner, method, or amount of any such adjustment or the ascertaining of the existence of facts that would require any such adjustment; nor shall it by any act hereunder be deemed to make any representation or warranty as to the authorization or reservation of any shares of Common Stock to be issued pursuant to this Agreement or any Warrant or as to whether any shares of Common Stock shall, when issued, be valid and fully paid and non-assessable.

 

    18

     

    

 

	 	8.4.4	Instructions. From time to time, the Company may provide the Warrant Agent with instructions concerning the services performed by the Warrant Agent hereunder. In addition, at any time the Warrant Agent may apply to any officer of Company for instruction, and may consult with legal counsel for the Warrant Agent or the Company with respect to any matter arising in connection with the services to be performed by the Warrant Agent under this Warrant Agreement. The Warrant Agent and its agents and subcontractors shall not be liable and shall be indemnified by Company for any action taken, suffered or omitted to be taken by Warrant Agent in reliance upon any Company instructions or upon the advice or opinion of such counsel. Warrant Agent shall not be held to have notice of any change of authority of any person, until receipt of written notice thereof from Company.

 

	 	8.4.5	Rights and Duties of Warrant Agent.

 

	 	(a)	The Warrant Agent may consult with legal counsel (who may be internal or external legal counsel for the Company), and the opinion of such counsel shall be full and complete authorization and protection to the Warrant Agent as to any action taken or omitted by it in accordance with such opinion.

 

	 	(b)	The Warrant Agent shall not be liable for or by reason of any of the statements of fact or recitals contained in this Warrant Agreement or in the Warrant Certificates (except its countersignature thereof) or be required to verify the same, and all such statements and recitals are and shall be deemed to have been made by the Company only.

 

	 	(c)	The Warrant Agent shall not have any duty or responsibility in the case of the receipt of any written demand from any holder of Warrants with respect to any action or default by the Company, including, without limiting the generality of the foregoing, any duty or responsibility to initiate or attempt to initiate any proceedings at law or otherwise or to make any demand upon the Company.

 

	 	(d)	The Warrant Agent and any stockholder, director, officer or employee of the Warrant Agent may buy, sell or deal in any of the Warrants or other securities of the Company or become pecuniarily interested in any transaction in which the Company may be interested, or contract with or lend money to the Company or otherwise act as fully and freely as though it were not Warrant Agent under this Warrant Agreement. Nothing herein shall preclude the Warrant Agent from acting in any other capacity for the Company or for any other legal entity.

 

	 	(e)	The Warrant Agent may execute and exercise any of the rights or powers hereby vested in it or perform any duty hereunder either itself or by or through its attorney or agents, and the Warrant Agent shall not be answerable or accountable for any act, default, neglect or misconduct of any such attorney or agents or for any loss to the Company resulting from any such act, default, neglect or misconduct, absent gross negligence, bad faith or willful misconduct (each as determined by a final judgment of a court of competent jurisdiction) by such attorneys or agents or in the selection and continued employment thereof.

 

    19

     

    

  

	 	(f)	The Warrant Agent may rely on and shall be held harmless and protected and shall incur no liability for or in respect of any action taken, suffered or omitted to be taken by it in reliance upon any certificate, statement, instrument, opinion, notice, letter, facsimile transmission, telegram or other document, or any security delivered to it, and believed by it to be genuine and to have been made or signed by the proper party or parties, or upon any written or oral instructions or statements from the Company with respect to any matter relating to its acting as Warrant Agent hereunder.

 

	 	(g)	The Warrant Agent shall not be obligated to expend or risk its own funds or to take any action that it believes would expose or subject it to expense or liability or to a risk of incurring expense or liability, unless it has been furnished with assurances of repayment or indemnity satisfactory to it.

 

	 	(h)	The Warrant Agent shall not be liable or responsible for any failure of the Company to comply with any of its obligations relating to any registration statement filed with the Securities and Exchange Commission or this Warrant Agreement, including without limitation obligations under applicable regulation or law.

 

	 	(i)	The Warrant Agent shall not be accountable or under any duty or responsibility for the use by the Company of any Warrants authenticated by the Warrant Agent and delivered by it to the Company pursuant to this Warrant Agreement or for the application by the Company of the proceeds of the issue and sale, or exercise, of the Warrants.

 

	 	(j)	The Warrant Agent shall act hereunder solely as agent for the Company, and its duties shall be determined solely by the express provisions hereof (and no duties or obligations shall be inferred or implied). The Warrant Agent shall not assume any obligations or relationship of agency or trust with any of the owners or holders of the Warrants.

 

	 	(k)	The Warrant Agent may rely on and be fully authorized and protected in acting or failing to act upon (a) any guaranty of signature by an “eligible guarantor institution” that is a member or participant in the Securities Transfer Agents Medallion Program or other comparable “signature guarantee program” or insurance program in addition to, or in substitution for, the foregoing; or (b) any law, act, regulation or any interpretation of the same even though such law, act, or regulation may thereafter have been altered, changed, amended or repealed.

 

	 	(l)	In the event the Warrant Agent believes any ambiguity or uncertainty exists hereunder or in any notice, instruction, direction, request or other communication, paper or document received by the Warrant Agent hereunder, the Warrant Agent, may, in its sole discretion, refrain from taking any action, and shall be fully protected and shall not be liable in any way to Company, the holder of any Warrant Certificate or Book-Entry Warrant Certificate or any other person or entity for refraining from taking such action, unless the Warrant Agent receives written instructions signed by the Company which eliminates such ambiguity or uncertainty to the satisfaction of Warrant Agent.

 

    20

     

    

 

	8.5	Acceptance of Agency. The Warrant Agent hereby accepts the agency established by this Agreement and agrees to perform the same upon the terms and conditions herein set forth and among other things, shall account promptly to the Company with respect to Warrants exercised and concurrently account for, and pay to the Company, all monies received by the Warrant Agent for the purchase of shares of Common Stock through the exercise of the Warrants.

 

	8.6	Waiver. The Warrant Agent has no right of set-off or any other right, title, interest or claim of any kind (“Claim”) in, or to any distribution of, the Trust Account (as defined in that certain Investment Management Trust Agreement, dated as of the date hereof, by and between the Company and Wilmington Trust, National Association, a national banking association, as trustee thereunder) and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim against the Trust Account for any reason whatsoever. The Warrant Agent hereby waives any and all Claims against the Trust Account and any and all rights to seek access to the Trust Account.

 

	8.7	Limitation of Liability. Notwithstanding anything contained herein to the contrary, the Warrant Agent’s aggregate liability during any term of this Warrant Agreement with respect to, arising from, or arising in connection with this Warrant Agreement, or from all services provided or omitted to be provided under this Warrant Agreement, whether in contract, or in tort, or otherwise, is limited to, and shall not exceed, the amounts paid hereunder by the Company to the Warrant Agent as fees and charges, but not including reimbursable expenses, during the twenty-four (24) months immediately preceding the event for which recovery from the Warrant Agent is being sought. Neither party to this Warrant Agreement shall be liable to the other party for any consequential, indirect, special, punitive or incidental damages under any provisions of this Warrant Agreement or for any consequential, indirect, punitive, special or incidental damages arising out of any act or failure to act hereunder even if that party has been advised of or has foreseen the possibility or likelihood of such damages.

 

	8.8	Survival. The provisions of this Section 8 shall survive the termination of this Warrant Agreement and the resignation, removal or replacement of the Warrant Agent.

 

	9.	Miscellaneous Provisions.

 

	9.1	Successors. All the covenants and provisions of this Agreement by or for the benefit of the Company or the Warrant Agent shall bind and inure to the benefit of their respective successors and assigns.

 

	9.2	Notices. Any notice, statement or demand authorized by this Agreement to be given or made by the Warrant Agent or by the holder of any Warrant to or on the Company shall be sufficiently given when sent if by hand or overnight delivery or if sent by trackable mail or private courier service when sent, addressed (until another address is filed in writing by the Company with the Warrant Agent), as follows:

 

    21

     

    

 

GS Acquisition Holdings
Corp

200 West Street

New York, New York 10282

Attention: General Counsel

 

Any notice, statement or
demand authorized by this Agreement to be given or made by the holder of any Warrant or by the Company to or on the Warrant Agent
shall be sufficiently given when sent if by hand or overnight delivery or if sent by trackable mail or private courier service
when sent, addressed (until another address is filed in writing by the Warrant Agent with the Company), as follows:

 

Computershare Trust Company,
N.A.

250 Royall Street

Canton, Massachusetts 02021

Attention: Client Administration

Fax: (781) 575-2549

 

	9.3	Applicable Law. The validity, interpretation, and performance of this Agreement and of the Warrants shall be governed by and construed in accordance with the laws of the State of New York, including, without limitation, Sections 5-1401 and 5-1402 of the New York General Obligations Law and New York Civil Practice Laws and Rule 327(b). The Company hereby agrees that any action, proceeding or claim against it arising out of or relating in any way to this Agreement shall be brought and enforced in the courts of the State of New York or the United States District Court for the Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive. The Company hereby waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum.

 

	9.4	Persons Having Rights under this Agreement. Nothing in this Agreement shall be construed to confer upon, or give to, any person or corporation other than the parties hereto and the Registered Holders of the Warrants any right, remedy, or claim under or by reason of this Agreement or of any covenant, condition, stipulation, promise, or agreement hereof. All covenants, conditions, stipulations, promises, and agreements contained in this Agreement shall be for the sole and exclusive benefit of the parties hereto and their successors and assigns and of the Registered Holders of the Warrants.

 

	9.5	Examination of the Warrant Agreement. A copy of this Agreement shall be available at all reasonable times at the office(s) of the Warrant Agent, whenever the Warrant Agent shall so designate in its sole discretion, for inspection by the Registered Holder of any Warrant. The Warrant Agent may require any such holder to submit his Warrant for inspection by it.

  

	9.6	Counterparts; Electric Signatures. This 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. A signature to this Agreement transmitted electronically shall have the same authority, effect, and enforceability as an original signature.

 

	9.7	Effect of Headings. The section headings herein are for convenience only and are not part of this Agreement and shall not affect the interpretation thereof.

 

    22

     

    

 

	9.8	Amendments. This Agreement may be amended by the parties hereto without the consent of any Registered Holder for the purpose of curing any ambiguity, or curing, correcting or supplementing any defective provision contained herein or adding or changing any other provisions with respect to matters or questions arising under this Agreement as the parties may deem necessary or desirable and that the parties deem shall not adversely affect the interest of the Registered Holders. All other modifications or amendments, including any amendment to increase the Warrant Price or shorten the Exercise Period and any amendment to the terms of only the Sponsor Warrants, shall require the vote or written consent of the Registered Holders of 50% of the then outstanding Public Warrants. Notwithstanding the foregoing, the Company may lower the Warrant Price or extend the duration of the Exercise Period pursuant to Sections 3.1 and 3.2, respectively, without the consent of the Registered Holders. As a condition precedent to the Warrant Agent’s execution of any amendment, the Company shall deliver to the Warrant Agent a certificate from a duly authorized officer of the Company that states that the proposed amendment is in compliance with the terms of this Section 9.8.

 

	9.9	Severability. This 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 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 Agreement a provision as similar in terms to such invalid or unenforceable provision as may be possible and be valid and enforceable.

 

	9.10	Force Majeure. Notwithstanding anything to the contrary contained herein, the Warrant Agent will not be liable for any delays or failures in performance resulting from acts beyond its reasonable control including, without limitation, acts of God, terrorist acts, shortage of supply, breakdowns or malfunctions, interruptions or malfunction of computer facilities, or loss of data due to power failures or mechanical difficulties with information storage or retrieval systems, labor difficulties, war, or civil unrest.

 

	9.11	Business Continuity Plan. The Warrant Agent shall maintain plans for business continuity, disaster recovery, and backup capabilities and facilities designed to ensure the Warrant Agent’s continued performance of its obligations under this Agreement, including, without limitation, loss of production, loss of systems, loss of equipment, failure of carriers and the failure of the Warrant Agent’s or its supplier’s equipment, computer systems or business systems (“Business Continuity Plan”). Such Business Continuity Plan shall include, but shall not be limited to, testing, accountability and corrective actions designed to be promptly implemented, if necessary. In addition, in the event that the Warrant Agent has knowledge of an incident affecting the integrity or availability of such Business Continuity Plan, then the Warrant Agent shall, as promptly as practicable, but no later than twenty-four (24) hours (or sooner to the extent required by applicable law or regulation) after the Warrant Agent becomes aware of such incident, notify the Company in writing of such incident and provide the Company with updates, as deemed appropriate by the Warrant Agent under the circumstances, with respect to the status of all related remediation efforts in connection with such incident. The Warrant Agent represents that, as of the date of this Agreement, such Business Continuity Plan is active and functioning normally in all material respects.

  

    23

     

    

 

	9.12	Bank Accounts. All funds received by Computershare Inc. under this Warrant Agreement that are to be distributed or applied by Computershare Inc. in the performance of its services hereunder (the “Funds”) shall be held by Computershare Inc. as agent for the Company and deposited in one or more bank accounts to be maintained by Computershare Inc. in its name as agent for the Company. Until paid pursuant to the terms of this Warrant Agreement, Computershare Inc. will hold the Funds through such accounts in: deposit accounts of commercial banks with Tier 1 capital exceeding $1 billion or with an average rating above investment grade by S&P (LT Local Issuer Credit Rating), Moody’s (Long Term Rating) and Fitch Ratings, Inc. (LT Issuer Default Rating) (each as reported by Bloomberg Finance L.P.). Computershare Inc. shall have no responsibility or liability for any diminution of the Funds that may result from any deposit made by Computershare Inc. in accordance with this paragraph, including any losses resulting from a default by any bank, financial institution or other third party. Computershare Inc. may from time to time receive interest, dividends or other earnings in connection with such deposits. Computershare Inc. shall not be obligated to pay such interest, dividends or earnings to the Company, any holder of Warrants or any other party.

 

	9.13	Confidentiality. The Warrant Agent and the Company agree that all books, records, information and data pertaining to the business of the other party, including inter alia, personal, non-public warrant holder information, which are exchanged or received pursuant to the negotiation or the carrying out of this Warrant Agreement, including the fees for services, shall remain confidential, and shall not be voluntarily disclosed to any other person, except as may be required by law or regulation, including, without limitation, pursuant to requests from the Securities and Exchange Commission and subpoenas from state or federal government authorities (e.g., in divorce and criminal actions).

 

	9.14	Signature Guarantees. If a signature guarantee is required under this Agreement, then such signature guarantee must be obtained from an eligible guarantor institution participating in a signature guarantee program approved by the Securities Transfer Association.

 

Exhibit A Form of Warrant
Certificate

Exhibit B Legend —
Sponsor’s Warrants

 

    24

     

    

 

IN WITNESS WHEREOF,
the parties hereto have caused this Agreement to be duly executed as of the date first above written.

 

	 	GS ACQUISITION HOLDINGS CORP
	 	 	 
	 	By:	/s/ David M. Cote  
	 	 	Name: David M. Cote
	 	 	Title: Chief Executive Officer, President and Secretary
	 	 
	 	COMPUTERSHARE INC.
	 	 	 
	 	By:	/s/ Dan DeWeever  
	 	 	Name: Dan DeWeever
	 	 	Title: Product Director
	 	 
	 	COMPUTERSHARE TRUST COMPANY, N.A.
	 	 	 
	 	By:	/s/ Dan DeWeever  
	 	 	Name: Dan DeWeever
	 	 	Title: Product Director

 

[Signature Page
to Warrant Agreement]

 

     

     

    

 

 

 

EXHIBIT A

 

Form of Warrant
Certificate

 

[FACE]

Number

Warrants

THIS WARRANT
SHALL BE NULL AND VOID IF NOT EXERCISED PRIOR TO

THE EXPIRATION
OF THE EXERCISE PERIOD PROVIDED FOR

IN THE WARRANT
AGREEMENT DESCRIBED BELOW

 

GS Acquisition
Holdings Corp

Incorporated Under
the Laws of the State of Delaware

 

CUSIP [•]

Warrant Certificate

 

This Warrant
Certificate certifies that                 ,
or registered assigns, is the registered holder of                 
warrant(s) evidenced hereby (the “Warrants” and each, a “Warrant”) to purchase shares of
Class A common stock, $0.0001 par value per share (“Common Stock”), of GS Acquisition Holdings Corp, a
Delaware corporation (the “Company”). Each Warrant entitles the holder, upon exercise during the period set
forth in the Warrant Agreement referred to below, to receive from the Company that number of fully paid and non-assessable shares
of Common Stock as set forth below, at the exercise price (the “Exercise Price”) as determined pursuant to the
Warrant Agreement, payable in lawful money (or through “cashless exercise” as provided for in the Warrant Agreement)
of the United States of America upon surrender of this Warrant Certificate and payment of the Exercise Price at the office or agency
of the Warrant Agent referred to below, subject to the conditions set forth herein and in the Warrant Agreement. Defined terms
used in this Warrant Certificate but not defined herein shall have the meanings given to them in the Warrant Agreement.

 

Each whole Warrant
is initially exercisable for one fully paid and non-assessable share of Common Stock. No fractional shares will be issued
upon exercise of any Warrant. If, upon the exercise of Warrant, a holder would be entitled to receive a fractional interest in
a share, the Company will, upon exercise, round down to the nearest whole number of the number of shares of Common Stock to be
issued to the holder. The number of shares of Common Stock issuable upon exercise of the Warrants is subject to adjustment upon
the occurrence of certain events as set forth in the Warrant Agreement.

 

The initial Exercise
Price per share of Common Stock for any Warrant is equal to $11.50 per whole share. The Exercise Price is subject to adjustment
upon the occurrence of certain events as set forth in the Warrant Agreement.

 

    

     

    

 

Subject to the
conditions set forth in the Warrant Agreement, the Warrants may be exercised only during the Exercise Period and to the extent
not exercised by the end of such Exercise Period, such Warrants shall become null and void.

 

Reference is hereby
made to the further provisions of this Warrant Certificate set forth on the reverse hereof and such further provisions shall for
all purposes have the same effect as though fully set forth at this place.

 

This Warrant Certificate
shall not be valid unless countersigned by the Warrant Agent, as such term is used in the Warrant Agreement.

 

This Warrant Certificate
shall be governed by and construed in accordance with the internal laws of the State of New York.

 

	 	GS
    ACQUISITION HOLDINGS CORP
	 	 
	 	By: 	                         
	 	 	Name:
	 	 	Title:
	 	 
	 	COMPUTERSHARE
    INC.
	 	 	 
	 	By:	
	 	 	Name:
	 	 	Title:
	 	 
	 	COMPUTERSHARE
    TRUST COMPANY, N.A.
	 	 	 
	 	By:	
	 	 	Name:
	 	 	Title:

 

    

     

    

 

[Form of Warrant
Certificate]

 

[Reverse]

 

The Warrants evidenced
by this Warrant Certificate are part of a duly authorized issue of Warrants entitling the holder on exercise to receive                 
shares of Common Stock and are issued or to be issued pursuant to a Warrant Agreement dated as of [•], 2018 (the “Warrant
Agreement”), duly executed and delivered by the Company to Computershare Inc., a Delaware corporation, and its wholly-owned
subsidiary Computershare Trust Company, N.A., a federally chartered trust company (or successor warrant agent) (collectively, the
“Warrant Agent”), which Warrant Agreement is hereby incorporated by reference in and made a part of this instrument
and is hereby referred to for a description of the rights, limitation of rights, obligations, duties and immunities thereunder
of the Warrant Agent, the Company and the holders (the words “holders” or “holder” meaning
the Registered Holders or Registered Holder, respectively) of the Warrants. A copy of the Warrant Agreement may be obtained by
the holder hereof upon written request to the Company. Defined terms used in this Warrant Certificate but not defined herein shall
have the meanings given to them in the Warrant Agreement.

 

Warrants may be
exercised at any time during the Exercise Period set forth in the Warrant Agreement. The holder of Warrants evidenced by this Warrant
Certificate may exercise them by surrendering this Warrant Certificate, with the form of election to purchase set forth hereon
properly completed and executed, together with payment of the Exercise Price as specified in the Warrant Agreement (or through
“cashless exercise” as provided for in the Warrant Agreement) at the designated office(s) of the Warrant Agent. In
the event that upon any exercise of Warrants evidenced hereby the number of Warrants exercised shall be less than the total number
of Warrants evidenced hereby, there shall be issued to the holder hereof or his, her or its assignee, a new Warrant Certificate
evidencing the number of Warrants not exercised.

 

Notwithstanding
anything else in this Warrant Certificate or the Warrant Agreement, no Warrant may be exercised unless at the time of exercise
(i) a registration statement covering the shares of Common Stock to be issued upon exercise is effective under the Securities
Act and (ii) a prospectus thereunder relating to the shares of Common Stock is current, except through “cashless exercise”
as provided for in the Warrant Agreement.

 

The Warrant Agreement
provides that upon the occurrence of certain events the number of shares of Common Stock issuable upon exercise of the Warrants
set forth on the face hereof may, subject to certain conditions, be adjusted. If, upon exercise of a Warrant, the holder thereof
would be entitled to receive a fractional interest in a share of Common Stock, the Company shall, upon exercise, round down to
the nearest whole number of shares of Common Stock to be issued to the holder of the Warrant.

 

Warrant
Certificates, when surrendered at the designated office(s) of the Warrant Agent by the Registered Holder thereof in person or
by legal representative or attorney duly authorized in writing, may be exchanged, in the manner and subject to the
limitations provided in the Warrant Agreement, but without payment of any service charge, for another Warrant Certificate or
Warrant Certificates of like tenor evidencing in the aggregate a like number of Warrants.

 

Upon due presentation
for registration of transfer of this Warrant Certificate at the office(s) of the Warrant Agent a new Warrant Certificate or Warrant
Certificates of like tenor and evidencing in the aggregate a like number of Warrants shall be issued to the transferee(s) in exchange
for this Warrant Certificate, subject to the limitations provided in the Warrant Agreement, without charge except for any tax or
other third-party charges imposed in connection therewith.

 

    

     

    

 

The Company and
the Warrant Agent may deem and treat the Registered Holder(s) hereof as the absolute owner(s) of this Warrant Certificate (notwithstanding
any notation of ownership or other writing hereon made by anyone), for the purpose of any exercise hereof, of any distribution
to the holder(s) hereof, and for all other purposes, and neither the Company nor the Warrant Agent shall be affected by any notice
to the contrary. Neither the Warrants nor this Warrant Certificate entitles any holder hereof to any rights of a stockholder of
the Company.

 

    

     

    

 

Election to Purchase

 

(To Be Executed
Upon Exercise of Warrant)

 

The undersigned
hereby irrevocably elects to exercise the right, represented by this Warrant Certificate, to receive                 
shares of Common Stock and herewith tenders payment for such shares of Common Stock to the order of GS Acquisition Holdings Corp
(the “Company”) in the amount of $                
in accordance with the terms hereof. The undersigned requests that a certificate for such shares of Common Stock be registered
in the name of                 , whose address
is                  and that such shares of Common
Stock be delivered to whose address is                 .
If said number of shares of Common Stock is less than all of the shares of Common Stock purchasable hereunder, the undersigned
requests that a new Warrant Certificate representing the remaining balance of such shares of Common Stock be registered in the
name of                 , whose address is                 ,
and that such Warrant Certificate be delivered to                 ,
whose address is                 .

 

In the event that
the Warrant has been called for redemption by the Company pursuant to Section 6.1 or Section 6.2 of
the Warrant Agreement and the Company has required cashless exercise pursuant to Section 6.4 of the Warrant
Agreement, the number of shares of Common Stock that this Warrant is exercisable for shall be determined in accordance with subsection
3.3.1(b) and Section 6.4 of the Warrant Agreement.

 

In the event that
the Warrant is a Sponsor Warrant that is to be exercised on a “cashless” basis pursuant to subsection 3.3.1(c) of
the Warrant Agreement, the number of shares of Common Stock that this Warrant is exercisable for shall be determined in accordance
with subsection 3.3.1(c) of the Warrant Agreement.

 

In the event that
the Warrant is to be exercised on a “cashless” basis pursuant to Section 7.4 of the Warrant Agreement,
the number of shares of Common Stock that this Warrant is exercisable for shall be determined in accordance with Section 7.4 of
the Warrant Agreement.

 

In the event that
the Warrant may be exercised, to the extent allowed by the Warrant Agreement, through cashless exercise (i) the number of
shares of Common Stock that this Warrant is exercisable for would be determined in accordance with the relevant section of the
Warrant Agreement which allows for such cashless exercise and (ii) the holder hereof shall complete the following: The undersigned
hereby irrevocably elects to exercise the right, represented by this Warrant Certificate, through the cashless exercise provisions
of the Warrant Agreement, to receive shares of Common Stock. If said number of shares of Common Stock is less than all of the shares
of Common Stock purchasable hereunder (after giving effect to the cashless exercise), the undersigned requests that a new Warrant
Certificate representing the remaining balance of such shares of Common Stock be registered in the name of                 ,
whose address is                 , and that such
Warrant Certificate be delivered to                 ,
whose address is                 .

 

	Date:                     ,	(Signature)

 

(Address)

 

    

     

    

 

	 	 
	 	 
	 	

        (Tax Identification Number) 

	 	 
	Signature Guaranteed:	 
	 	 
	
	 

 

THE SIGNATURE(S) SHOULD BE GUARANTEED
BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN
APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO SEC RULE 17Ad-15 (OR ANY SUCCESSOR RULE) UNDER THE SECURITIES
EXCHANGE ACT, OF 1934, AS AMENDED).

 

    

     

    

 

EXHIBIT B

 

LEGEND

 

THE SECURITIES REPRESENTED BY THIS
CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE
OFFERED, SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND ANY APPLICABLE
STATE SECURITIES LAWS OR AN EXEMPTION FROM REGISTRATION IS AVAILABLE. IN ADDITION, SUBJECT TO ANY ADDITIONAL LIMITATIONS ON TRANSFER
DESCRIBED IN THE LETTER AGREEMENTS BY AND AMONG GS ACQUISITION HOLDINGS CORP (THE “COMPANY”), GS DC SPONSOR I LLC AND
THE OTHER PARTIES THERETO, THE SECURITIES REPRESENTED BY THIS CERTIFICATE MAY NOT BE SOLD OR TRANSFERRED PRIOR TO THE DATE THAT
IS THIRTY (30) DAYS AFTER THE DATE UPON WHICH THE COMPANY COMPLETES ITS INITIAL BUSINESS COMBINATION (AS DEFINED IN SECTION
3 OF THE WARRANT AGREEMENT REFERRED TO HEREIN) EXCEPT TO A PERMITTED TRANSFEREE (AS DEFINED IN SECTION 2 OF THE WARRANT AGREEMENT)
WHO AGREES IN WRITING WITH THE COMPANY TO BE SUBJECT TO SUCH TRANSFER PROVISIONS.

 

SECURITIES EVIDENCED BY THIS CERTIFICATE
AND SHARES OF COMMON STOCK OF THE COMPANY ISSUED UPON EXERCISE OF SUCH SECURITIES SHALL BE ENTITLED TO REGISTRATION RIGHTS UNDER
A REGISTRATION RIGHTS AGREEMENT TO BE EXECUTED BY THE COMPANY.Exhibit 10.1

 

FORM OF

 

SUBSCRIPTION
AGREEMENT

 

This SUBSCRIPTION
AGREEMENT (this “Subscription Agreement”) is entered into this 10th day of December, 2019, by and among GS Acquisition
Holdings Corp, a Delaware corporation (the “Issuer”), and the entity named on the signature page hereto (“Subscriber”).

 

RECITALS

 

WHEREAS,
the Issuer, substantially concurrently with the execution of this Subscription Agreement, shall enter into an Agreement and Plan
of Merger (as it may be amended or supplemented from time to time, the “Agreement and Plan of Merger”), by and
among the Issuer, Crew Merger Sub I LLC, a Delaware limited liability company and a direct, wholly-owned subsidiary of the Issuer,
Crew Merger Sub II LLC, a Delaware limited liability company and a direct, wholly-owned subsidiary of the Issuer, Vertiv Holdings,
LLC, a Delaware limited liability company (the “Company”), and VPE Holdings, LLC, a Delaware limited liability
company, in substantially the form previously provided to Subscriber;

 

WHEREAS,
in connection with the transactions contemplated by the Agreement and Plan of Merger (collectively, the “Transactions”),
Subscriber desires to subscribe for and purchase from the Issuer that number of shares of Class A common stock, par value
$0.0001 per share (the “Class A Shares”), of the Issuer set forth on the signature page hereto (the “Acquired
Shares”) for a purchase price of $10.00 per share (the “Per Share Purchase Price”), and for the aggregate
purchase price set forth on the signature page hereto (the “Purchase Price”), and the Issuer desires to issue
and sell to Subscriber the Acquired Shares in consideration for the payment of the Purchase Price by or on behalf of Subscriber
to the Issuer on or prior to the Subscription Closing (as defined below); and

 

WHEREAS,
in connection with the Transactions, certain other “accredited investors” (as defined in Rule 501 under the Securities
Act of 1933, as amended (the “Securities Act”)), have entered into separate subscription agreements with the
Issuer (the “Other Subscription Agreements”), pursuant to which such investors have, together with Subscriber
pursuant to this Subscription Agreement, agreed to purchase on the Merger Closing Date (as the term Closing Date is defined in
the Agreement and Plan of Merger) an aggregate of 123,900,000 Class A Shares at the Per Share Purchase Price.

 

NOW, THEREFORE,
in consideration of the foregoing and the mutual representations, warranties and covenants, and subject to the conditions, herein
contained, and intending to be legally bound hereby, the parties hereto hereby agree as follows:

 

1. Subscription.
Pursuant to the terms and subject to the conditions set forth herein, Subscriber hereby agrees to subscribe for and purchase from
the Issuer, and the Issuer hereby agrees to issue and sell to Subscriber, upon the payment of the Purchase Price, the Acquired
Shares (such subscription and issuance, the “Subscription”).

 

     

     

    

 

2. Subscription
Closing.

 

(a) The
closing of the Subscription contemplated hereby (the “Subscription Closing”) is intended to occur on the
Merger Closing Date substantially concurrent with the Merger Closing (as the term Closing is defined in the Agreement and
Plan of Merger) and is contingent upon the occurrence of the Merger Closing. Not less than five (5) business days prior
to the scheduled Merger Closing Date, the Issuer shall provide written notice to Subscriber (the “Closing
Notice”) of such scheduled Merger Closing Date; provided, that to the extent practicable, the Issuer
shall use its commercially reasonable efforts to provide earlier notice of the scheduled Merger Closing Date;
and provided further, that the Issuer may delay from time to time the scheduled Merger Closing Date up to five
(5) business days following the original scheduled Merger Closing Date identified in the Closing Notice, or such Merger
Closing Date as it may be delayed, by written notice to Subscriber if it provides Subscriber with notice of the revised
Merger Closing Date no later than twenty-four (24) hours prior to the then scheduled Merger Closing Date. Subscriber
shall deliver to the Issuer at least two (2) business days prior to the then scheduled Merger Closing Date identified in
the Closing Notice (unless a later time is otherwise agreed by the Issuer), to be held in escrow until the Subscription
Closing, the Purchase Price for the Acquired Shares by wire transfer of U.S. dollars in immediately available funds to the
account specified by the Issuer in the Closing Notice. Such funds shall be held on behalf of Subscriber until the
Subscription Closing in an escrow account by an escrow agent selected by the Issuer, subject to such escrow agent meeting any
requirements specified by Subscriber to the Issuer prior to the date hereof. On the Merger Closing Date, the Issuer shall
deliver to Subscriber (i) the Acquired Shares in book-entry form, free and clear of any liens or other restrictions
whatsoever (other than those arising under state or federal securities laws or as set forth herein), in the name of
Subscriber (or its nominee in accordance with its delivery instructions) or to a custodian designated by Subscriber, as
applicable, and (ii) a copy of the records of the Issuer’s transfer agent (the “Transfer
Agent”) showing Subscriber (or such nominee or custodian) as the owner of the Acquired Shares on and as of the
Merger Closing Date. If the Merger Closing does not occur on the same day as the Subscription Closing, the Issuer shall
promptly (but not later than one (1) business day thereafter (or two (2) business days thereafter if the Issuer
reasonably believes the Merger Closing will occur within two (2) business days after the Merger Closing Date identified
in the Closing Notice)) return the Purchase Price to Subscriber by wire transfer of U.S. dollars in immediately available
funds to the account specified by Subscriber, and any book-entries shall be deemed cancelled; provided, that the
return of the funds shall not terminate this Subscription Agreement or otherwise relieve any party of any of its obligations
hereunder (including Subscriber’s obligation to purchase the Acquired Shares at the Subscription Closing).

 

(b) The Subscription
Closing shall be subject to the conditions that, on the Merger Closing Date:

 

(i)
no suspension by the New York Stock Exchange (the “NYSE”) of the qualification of the Acquired Shares for offering
or sale or trading in the United States, or initiation or threatening of any proceedings for any of such purposes, shall have occurred;

 

    2 

     

    

 

(ii)
all conditions precedent to the closing of the Transactions shall have been satisfied or waived provided that any such waiver is
not materially adverse to Subscriber (in its capacity as such) (other than (A) those conditions that by their nature may only
be satisfied at the closing of the Transactions, but subject to the satisfaction of such conditions as of the closing of the Transactions,
(B) the condition pursuant to Section 8.1(f) of the Agreement and Plan of Merger (solely with respect to the Issuer receiving
the proceeds of the Acquired Shares) and (C) the condition pursuant to Section 8.1(g) of the Agreement and Plan of Merger
(solely with respect to the Issuer receiving the proceeds of the Acquired Shares));

 

(iii)
the terms of the Agreement and Plan of Merger shall not have been amended, and the rights of the Issuer, Crew Merger Sub I LLC
and Crew Merger Sub II LLC thereunder shall not have been waived, in a manner that is materially adverse to Subscriber (in its
capacity as such);

 

(iv)
solely with respect to Subscriber’s obligation to close, all representations and warranties made by the Issuer in this Subscription
Agreement shall be true and correct in all material respects as of the Merger Closing Date (other than (i) those representations
and warranties expressly made as of an earlier date, which shall be true and correct in all material respects as of such date and
(ii) those representations and warranties that are already qualified by materiality or the absence of a Material Adverse Effect
(as defined below), which shall be true and correct as of the Merger Closing Date), in each case without giving effect to the consummation
of the Transactions;

 

(v)
solely with respect to the Issuer’s obligation to close, all representations and warranties made by Subscriber in this Subscription
Agreement shall be true and correct in all material respects as of the Merger Closing Date (other than (i) those representations
and warranties expressly made as of an earlier date, which shall be true and correct in all material respects as of such date and
(ii) those representations and warranties that are already qualified by materiality or the absence of a Subscriber Material
Adverse Effect (as defined below), which shall be true and correct as of the Merger Closing Date), in each case without giving
effect to the consummation of the Transactions;

 

(vi)
solely with respect to Subscriber’s obligation to close, the Issuer shall have performed, satisfied and complied in all material
respects with all covenants, agreements and conditions required by this Subscription Agreement to be performed, satisfied or complied
with by it at or prior to the Subscription Closing; and

 

(vii)
no governmental authority shall have enacted, issued, promulgated, enforced or entered any material judgment, order, law, rule
or regulation (whether temporary, preliminary or permanent) which is then in effect and has the effect of making consummation of
the transactions contemplated hereby illegal or otherwise preventing or prohibiting consummation of the transactions contemplated
hereby and no governmental authority shall have threatened in writing a proceeding seeking to impose any such restraint or prohibition.

 

    3 

     

    

 

(c) At the Subscription
Closing, the parties hereto shall make reasonable efforts to execute and deliver such additional documents and take such additional
actions as the parties reasonably may deem to be necessary in order to consummate the Subscription as contemplated by this Subscription
Agreement.

 

(d) For purposes
of this Subscription Agreement, “business day” shall mean any day other than (i) any Saturday or Sunday
or (ii) any other day on which banks located in New York, New York are required or authorized by applicable law to be closed
for business.

 

3. Issuer Representations and
Warranties. The Issuer represents and warrants that:

 

(a) The Issuer
has been duly incorporated and is validly existing as a corporation in good standing under the laws of the State of Delaware. Subject
to obtaining all required approvals necessary in connection with the performance of the Agreement and Plan of Merger and the consummation
of the Transactions (collectively, the “Required Approvals”), the Issuer has all corporate power and authority
to own, lease and operate its properties and conduct its business as presently conducted and to enter into, deliver and perform
its obligations under this Subscription Agreement.

 

(b) As of the
Merger Closing Date, the Acquired Shares will be duly authorized by the Issuer and, when issued and delivered to Subscriber against
full payment for the Acquired Shares in accordance with the terms of this Subscription Agreement and registered with the Transfer
Agent, the Acquired Shares will be validly issued, fully paid and non-assessable and will not have been issued in violation
of or subject to any preemptive or similar rights created under the Issuer’s certificate of incorporation and bylaws or under
the Delaware General Corporation Law.

 

(c) This Subscription
Agreement has been duly authorized, executed and delivered by the Issuer and, assuming that this Subscription Agreement constitutes
the valid and binding agreement of Subscriber, is the valid and binding obligation of the Issuer, enforceable against the Issuer
in accordance with its terms, except as may be limited or otherwise affected by (i) applicable bankruptcy, insolvency, fraudulent
conveyance, reorganization, moratorium or other laws relating to or affecting the rights of creditors generally, and (ii) principles
of equity, whether considered at law or equity.

 

(d) Subject
to obtaining the Required Approvals, the execution, delivery and performance by the Issuer of this Subscription Agreement
(including compliance by the Issuer with all of the provisions hereof), and the issuance and sale by the Issuer of the
Acquired Shares, will not conflict with or result in a breach or violation of any of the terms or provisions of, or
constitute a default under, or result in the creation or imposition of any lien, charge or encumbrance upon any of the
property or assets of the Issuer pursuant to the terms of (i) any indenture, mortgage, deed of trust, loan agreement,
lease, license or other agreement or instrument to which the Issuer is a party or by which the Issuer is bound or to which
any of the property or assets of the Issuer is subject, which would be reasonably likely to have, individually or in the
aggregate, a material adverse effect on the business, properties, financial condition, stockholders’ equity or results
of operations of the Issuer (a “Material Adverse Effect”) or materially affect the validity of the
Acquired Shares or the legal authority of the Issuer to comply in all material respects with the Issuer’s obligations
under this Subscription Agreement; (ii) the organizational documents of the Issuer; or (iii) any statute or any
judgment, order, rule or regulation of any court or governmental agency or body, domestic or foreign, having jurisdiction
over the Issuer or any of its properties that would be reasonably likely to have, individually or in the aggregate, a
Material Adverse Effect or materially affect the validity of the Acquired Shares or the legal authority of the Issuer to
comply in all material respects with the Issuer’s obligations under this Subscription Agreement.

 

    4 

     

    

 

(e) Other than
the Issuer’s Class B common stock, par value $0.0001 per share (the “Class B Shares”), there
are no securities or instruments issued by or to which the Issuer is a party containing anti-dilution or similar provisions that
will be triggered by the issuance of (i) the Acquired Shares or (ii) the shares to be issued pursuant to any Other Subscription
Agreement that have not been or will not be validly waived on or prior to the Merger Closing Date; provided, that the
holders of the Class B Shares will waive any such anti-dilution or similar provisions in connection with the Transactions.

 

(f) The Issuer
is not in default or violation (and no event has occurred which, with notice or the lapse of time or both, would constitute a default
or violation) of any term, condition or provision of (i) the organizational documents of the Issuer, (ii) any loan or
credit agreement, note, bond, mortgage, indenture, lease or other agreement, permit, franchise or license to which the Issuer is
now a party or by which the Issuer’s properties or assets are bound or (iii) any statute or any judgment, order, rule
or regulation of any court or governmental agency or body, domestic or foreign, having jurisdiction over the Issuer or any of its
properties, except, in the case of clauses (ii) and (iii), for defaults or violations that have not had and would not be reasonably
likely to have, individually or in the aggregate, a Material Adverse Effect.

 

(g) The Issuer
is not required to obtain any consent, waiver, authorization or order of, give any notice to, or make any filing or registration
with, any court or other federal, state, local or other governmental authority, self-regulatory organization or other person in
connection with the execution, delivery and performance by the Issuer of this Subscription Agreement (including, without limitation,
the issuance of the Acquired Shares), other than (i) filings with the Securities and Exchange Commission (the “Commission”),
(ii) filings required by applicable state securities laws, (iii) filings required in accordance with Section 9(o) of
this Subscription Agreement; (iv) filings required by the NYSE, including with respect to obtaining stockholder approval;
and (v) the failure of which to obtain would not be reasonably likely to have, individually or in the aggregate, a Material
Adverse Effect.

 

(h) As of the
date of this Subscription Agreement, the authorized capital stock of the Issuer consists of (i) 5,000,000 shares of preferred
stock, par value $0.0001 per share (“Preferred Shares”), (ii) 500,000,000 Class A Shares, and (iii)
20,000,000 Class B Shares. As of the date hereof: (i) no Preferred Shares are issued and outstanding, (ii) 69,000,000
Class A Shares are issued and outstanding, (iii) 17,250,000 Class B Shares are issued and outstanding and (iv) warrants
to purchase up to 33,533,333 Class A Shares are outstanding.

 

(i) The Issuer
has not received any written communication from a governmental entity that alleges that the Issuer is not in compliance with or
is in default or violation of any applicable law, except where such non-compliance, default or violation would not be
reasonably likely to have, individually or in the aggregate, a Material Adverse Effect.

 

    5 

     

    

 

(j) The issued
and outstanding Class A Shares are registered pursuant to Section 12(b) of the Securities Exchange Act of 1934, as amended
(the “Exchange Act”), and are listed for trading on the NYSE under the symbol “GSAH”. There is no
suit, action, proceeding or investigation pending or, to the knowledge of the Issuer, threatened against the Issuer by the NYSE
or the Commission, respectively, to prohibit or terminate the listing of the Class A Shares on the NYSE or to deregister the
Class A Shares under the Exchange Act. The Issuer has taken no action that is designed to terminate the registration of the
Class A Shares under the Exchange Act.

 

(k) Assuming the
accuracy of Subscriber’s representations and warranties set forth in Section 4 of this Subscription
Agreement, no registration under the Securities Act is required for the offer and sale of the Acquired Shares by the Issuer to
Subscriber.

 

(l) Neither the
Issuer nor anyone acting on its behalf has offered the Class A Shares or any similar securities for sale to, or solicited
any offer to buy any of the same from, or otherwise approached or negotiated in respect thereof with, any person other than Subscriber
and other accredited investors, each of which has been offered Class A Shares at a private sale for investment.

 

(m) None of the
Issuer nor any of its affiliates has offered Class A Shares or any similar securities during the six months prior to the date
hereof to anyone other than in connection with the Transactions and to Subscriber and other investors in connection with the Other
Subscription Agreements. Other than the foregoing, the Issuer has no intention to offer Class A Shares or any similar security
during the six months from the date hereof other than in connection with the Transactions, including any transactions referenced
in the Agreement and Plan of Merger.

 

(n) Neither the
Issuer nor any person acting on its behalf has offered or sold the Acquired Shares by any form of general solicitation or general
advertising, including, but not limited to, the following: (1) any advertisement, article, notice or other communication published
in any newspaper, magazine, or similar media or broadcast over television or radio; (2) any website posting or widely distributed
email; or (3) any seminar or meeting whose attendees have been invited by any general solicitation or general advertising.

 

(o) A copy of
each form, report, statement, schedule, prospectus, proxy, registration statement and other document, if any, filed by the Issuer
with the Commission since its initial registration of the Class A Shares under the Exchange Act (the “SEC Documents”)
is available to Subscriber via the Commission’s EDGAR system. None of the SEC Documents contained, when filed or, if amended,
as of the date of such amendment with respect to those disclosures that are amended, any untrue statement of a material fact or
omitted to state a material fact required to be stated therein or necessary to make the statements therein, in the light of the
circumstances under which they were made, not misleading; provided, that with respect to the information about the
Company and its affiliates contained in the Schedule 14A and related proxy materials (or other SEC document) to be filed by the
Issuer the representation and warranty in this sentence is made to the Issuer’s knowledge. The Issuer has timely filed each
report, statement, schedule, prospectus, and registration statement that the Issuer was required to file with the Commission since
its initial registration of the Class A Shares under the Exchange Act. There are no material outstanding or unresolved comments
in comment letters from the staff of the Division of Corporation Finance (the “Staff”) of the Commission with
respect to any of the SEC Documents.

 

    6 

     

    

 

(p) Except for
such matters as have not had and would not be reasonably likely to have, individually or in the aggregate, a Material Adverse Effect,
there is no (i) action, suit, claim or other proceeding, in each case by or before any governmental authority pending, or,
to the knowledge of the Issuer, threatened against the Issuer or (ii) judgment, decree, injunction, ruling or order of any
governmental entity or arbitrator outstanding against the Issuer.

 

(q) Other than
the Agent (as defined below), the Issuer has not dealt with any broker, finder, commission agent, placement agent or arranger in
connection with the sale of the Acquired Shares, and the Issuer is not under any obligation to pay any broker’s fee or commission
in connection with the sale of the Acquired Shares other than to the Agent. Neither the Issuer nor any of its affiliates nor any
other person acting on its behalf (other than its officers acting in such capacity) has solicited offers for, or offered or sold,
the Acquired Shares other than through the Agent.

 

(r) Other than
the Other Subscription Agreements, the Issuer has not entered into any side letter or similar agreement with any subscriber in
connection with such subscriber’s direct or indirect investment in the Issuer or with or any other investor, and such Other
Subscription Agreements have not been amended in any material respect following the date of this Subscription Agreement and reflect
the same Per Share Purchase Price and terms with respect to the purchase of the Acquired Shares that are no more favorable to such
subscriber thereunder than the terms of this Subscription Agreement, except, in each case, for agreements with Goldman Sachs &
Co. LLC and David M. Cote, and certain of their respective affiliates and related persons.

 

4. Subscriber
Representations and Warranties. Subscriber represents and warrants that:

 

(a) If Subscriber
is not a natural person, (i) Subscriber has been duly organized, formed or incorporated, as the case may be, and is validly
existing in good standing under the laws of its jurisdiction of organization, formation or incorporation, as the case may be, with
all requisite power and authority to enter into, deliver and perform its obligations under this Subscription Agreement, and (ii) this
Subscription Agreement has been duly authorized, executed and delivered by Subscriber.

 

(b) If Subscriber
is a natural person, (i) Subscriber has all requisite power and authority to enter into, deliver and perform its obligations
under this Subscription Agreement, (ii) Subscriber’s signature on this Subscription Agreement is genuine and Subscriber
has duly executed and delivered this Subscription Agreement, and (iii) Subscriber has all requisite legal competence and capacity
to acquire and hold the Acquired Shares and to execute, deliver and comply with the terms of this Subscription Agreement.

 

    7 

     

    

 

(c) Assuming that
this Subscription Agreement constitutes the valid and binding agreement of the Issuer, this Subscription Agreement is the valid
and binding obligation of Subscriber, enforceable against Subscriber in accordance with its terms, except as may be limited or
otherwise affected by (i) applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or other laws
relating to or affecting the rights of creditors generally, and (ii) principles of equity, whether considered at law or equity.

 

(d) The execution,
delivery and performance by Subscriber of this Subscription Agreement and the consummation of the transactions contemplated herein
will not conflict with or result in a breach or violation of any of the terms or provisions of, or constitute a default under,
or result in the creation or imposition of any lien, charge or encumbrance upon any of the property or assets of Subscriber or,
to the best of Subscriber’s knowledge, any of its subsidiaries, if applicable, pursuant to the terms of (i) any indenture,
mortgage, deed of trust, loan agreement, lease, license or other agreement or instrument to which Subscriber or, if applicable,
any of its subsidiaries is a party or by which Subscriber or, if applicable, any of its subsidiaries is bound or to which any of
the property or assets of Subscriber or, if applicable, any of its subsidiaries is subject, which would be reasonably likely to
have, individually or in the aggregate, a material adverse effect on the business, properties or financial condition of Subscriber,
or, if applicable, the stockholders’ equity or results of operations of Subscriber or, if applicable, any of its subsidiaries,
taken as a whole (a “Subscriber Material Adverse Effect”), or materially affect the legal authority of Subscriber
to comply in all material respects with Subscriber’s obligations under this Subscription Agreement, (ii) the organizational
documents of Subscriber if Subscriber is not a natural person, or (iii) any statute or any judgment, order, rule or regulation
of any court or governmental agency or body, domestic or foreign, having jurisdiction over Subscriber or, if applicable, any of
its subsidiaries or any of their respective properties that would be reasonably likely to have, individually or in the aggregate,
a Subscriber Material Adverse Effect or materially affect the legal authority of Subscriber to comply in all material respects
with Subscriber’s obligations under this Subscription Agreement.

 

(e) Subscriber
is an accredited investor, satisfying the applicable requirements set forth on Schedule A. Subscriber represents that
it is purchasing the Acquired Shares for its own account (and not for the account of others) or for one or more separate accounts
maintained by it as a fiduciary or agent for the benefit of one or more other accredited investors and not with a view to the distribution
thereof in violation of the securities laws; provided, that the disposition of Subscriber’s property shall at
all times be within Subscriber’s control. Subscriber understands that the Acquired Shares have not been registered under
the Securities Act and may be resold only if registered pursuant to the provisions of the Securities Act or if an exemption from
registration is available, except under circumstances where neither such registration nor such an exemption is required by law,
and that the Issuer is not required to register the Acquired Shares other than as provided for in Section 5 of
this Subscription Agreement. Subscriber further represents and warrants that it will not sell, transfer or otherwise dispose of
the Acquired Shares or any interest therein except in a registered transaction or in a transaction exempt from or not subject to
the registration requirements of the Securities Act and except in accordance with the terms and conditions of this Subscription
Agreement. Subscriber acknowledges that the Acquired Shares will be subject to transfer restrictions as set forth on Exhibit
A to this Subscription Agreement.

 

(f) The purchase
of Acquired Shares by Subscriber has not been solicited by or through anyone other than the Issuer or the Agent.

 

    8 

     

    

 

(g) Subscriber
acknowledges that the Acquired Shares will not be eligible for resale pursuant to Rule 144A promulgated under the Securities Act.
Subscriber understands and agrees that the Acquired Shares will be subject to transfer restrictions as set forth on Exhibit
A to this Subscription Agreement, unless and until such transfer restrictions have been removed in accordance with Section 5 of
this Subscription Agreement and, as a result of these transfer restrictions, Subscriber may not be able to readily resell the Acquired
Shares and may be required to bear the financial risk of an investment in the Acquired Shares for an indefinite period of time.
Subscriber understands that it has been advised to consult legal counsel prior to making any offer, resale, pledge or transfer
of any of the Acquired Shares.

 

(h)
Subscriber understands and agrees that Subscriber is purchasing the Acquired Shares directly from the Issuer. Subscriber
further acknowledges that there have been no representations, warranties, covenants and agreements made to Subscriber by the
Issuer, Subscriber or any of its officers, directors or representatives, expressly or by implication, other than those
representations, warranties, covenants and agreements made by the Issuer in this Subscription Agreement.

 

(i) In making
its decision to purchase the Acquired Shares, Subscriber represents that it has relied solely upon independent investigation made
by Subscriber. Subscriber acknowledges and agrees that Subscriber has received such information as Subscriber deems necessary in
order to make an investment decision with respect to the Acquired Shares, including with respect to the Issuer, the Transactions
and the Company. Subscriber represents and warrants that Subscriber and Subscriber’s professional advisor(s), if any, were
given the opportunity to ask questions and receive answers concerning the terms and conditions of the Subscription and to obtain
any additional information which the Issuer possessed or could acquire without unreasonable effort or expense. Subscriber acknowledges
and agrees that it has not relied on the Agent or any of the Agent’s affiliates with respect to its decision to purchase
the Acquired Shares.

 

(j) Subscriber
became aware of the offering of the Acquired Shares solely by means of direct contact between Subscriber and the Issuer or by means
of contact from Goldman Sachs & Co. LLC, acting as a placement agent for the Issuer (the “Agent”),
and the Acquired Shares were offered to Subscriber solely by direct contact between Subscriber and the Issuer or by contact between
Subscriber and the Agent. Subscriber did not become aware of this offering of the Acquired Shares, nor were the Acquired Shares
offered to Subscriber, by any other means. Subscriber acknowledges that the Issuer represents and warrants that the Acquired Shares
(i) were not offered by any form of general solicitation or general advertising and (ii) are not being offered in a manner
involving a public offering under, or in a distribution in violation of, the Securities Act, or any state securities laws.

 

(k) Subscriber
acknowledges that it is aware that there are substantial risks incident to the purchase and ownership of the Acquired Shares. Subscriber
has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of an investment
in the Acquired Shares, and Subscriber has sought such accounting, legal and tax advice as Subscriber has considered necessary
to make an informed investment decision.

 

    9 

     

    

 

(l) Alone, or
together with any professional advisor(s), Subscriber represents and acknowledges that Subscriber has adequately analyzed and fully
considered the risks of an investment in the Acquired Shares and determined that the Acquired Shares are a suitable investment
for Subscriber and that Subscriber is able at this time and in the foreseeable future to bear the economic risk of a total loss
of Subscriber’s investment in the Issuer. Subscriber acknowledges specifically that a possibility of total loss exists.

 

(m) Subscriber
understands and agrees that no federal or state agency has passed upon or endorsed the merits of the offering of the Acquired Shares
or made any findings or determination as to the fairness of this investment.

 

(n)
Subscriber represents and warrants that neither Subscriber nor, in the case Subscriber is not a natural person, any of its
officers, directors, managers, managing members, general partners or any other individual acting in a similar capacity or
carrying out a similar function, is (i) a person or entity named on the Specially Designated Nationals and Blocked
Persons List, the Foreign Sanctions Evaders List, the Sectoral Sanctions Identification List, or any other similar list of
sanctioned persons administered by the U.S. Treasury Department’s Office of Foreign Assets Control, or any similar list
of sanctioned persons administered by the European Union or any individual European Union member state, including the United
Kingdom (collectively, “Sanctions Lists”); (ii) directly or indirectly owned or controlled by, or acting
on behalf of, one or more persons on a Sanctions List; (iii) organized, incorporated, established, located, resident or
born in, or a citizen, national, or the government, including any political subdivision, agency, or instrumentality thereof,
of, Cuba, Iran, North Korea, Syria, Venezuela, the Crimea region of Ukraine, or any other country or territory embargoed or
subject to substantial trade restrictions by the United States, the European Union or any individual European Union member
state, including the United Kingdom; (iv) a Designated National as defined in the Cuban Assets Control Regulations, 31
C.F.R. Part 515; or (v) a non-U.S. shell bank or providing banking services indirectly to
a non-U.S. shell bank (collectively, a “Prohibited Investor”). Subscriber represents that if it
is a financial institution subject to the Bank Secrecy Act (31 U.S.C. Section 5311 et seq.) (the
“BSA”), as amended by the USA PATRIOT Act of 2001 (the “PATRIOT Act”), and its
implementing regulations (collectively, the “BSA/PATRIOT Act”), that Subscriber maintains policies and
procedures reasonably designed to comply with applicable obligations under the BSA/PATRIOT Act. Subscriber also represents
that it maintains policies and procedures reasonably designed to ensure compliance with sanctions administered by the United
States, the European Union, or any individual European Union member state, including the United Kingdom. Subscriber further
represents that the funds held by Subscriber and used to purchase the Acquired Shares were legally derived and were not
obtained, directly or indirectly, from a Prohibited Investor.

 

(o) If
Subscriber is or is acting on behalf of (i) an employee benefit plan that is subject to Title I of the Employee
Retirement Income Security Act of 1974, as amended (“ERISA”), (ii) a plan, an individual retirement
account or other arrangement that is subject to Section 4975 of the Internal Revenue Code of 1986, as amended (the
“Code”), (iii) an entity whose underlying assets are considered to include “plan assets”
of any such plan, account or arrangement described in clauses (i) and (ii) (each, an “ERISA Plan”),
or (iv) an employee benefit plan that is a governmental plan (as defined in Section 3(32) of ERISA), a church plan
(as defined in Section 3(33) of ERISA), a non-U.S. plan (as described in Section 4(b)(4) of ERISA) or
other plan that is not subject to the foregoing clauses (i), (ii) or (iii) but may be subject to provisions under any
other federal, state, local, non-U.S. or other laws or regulations that are similar to such provisions of ERISA or
the Code (collectively, “Similar Laws”, and together with ERISA Plans, “Plans”),
Subscriber represents and warrants that (A) neither the Issuer nor any of its affiliates (the “Transaction
Parties”) has provided investment advice or has otherwise acted as the Plan’s fiduciary, with respect to its
decision to acquire and hold the Acquired Shares, and none of the Transaction Parties is or shall at any time be the
Plan’s fiduciary with respect to any decision in connection with Subscriber’s investment in the Acquired Shares;
(B) the decision to invest in the Acquired Shares has been made at the recommendation or direction of a fiduciary (for
purposes of ERISA and/or Section 4975 of the Code, or any applicable Similar Law) with respect to Subscriber’s
investment in the Acquired Shares who is independent of the Transaction Parties; and (C) its purchase of the Acquired
Shares will not result is non-exempt prohibited transaction under Section 406 of ERISA or Section 4975 of
the Code, or any applicable Similar Law.

 

    10 

     

    

 

(p) At the Subscription
Closing, Subscriber will have sufficient funds to pay the Purchase Price pursuant to Section 2(a) of this
Subscription Agreement.

 

5. Registration
Rights.

 

(a) Shelf
Registration Statement. The Issuer agrees that, as soon as practicable but no later than (i) forty-five (45) calendar
days following the Merger Closing Date and (ii) ninety (90) calendar days following the Issuer’s most recent fiscal
year end (the date the Registration Statement (as defined below) is actually filed, the “Filing Date”), the
Issuer will file with the Commission (at the Issuer’s sole cost and expense) a registration statement registering the resale
of the Acquired Shares (the “Registration Statement”), and the Issuer shall use its commercially reasonable
efforts to have the Registration Statement declared effective as soon as practicable after the filing thereof, but no later than
the earlier of (i) the 90th calendar day following the Filing Date if the Commission notifies the Issuer that it will “review”
the Registration Statement and (ii) the 10th business day after the date the Issuer is notified in writing by the Commission
that the Registration Statement will not be “reviewed” or will not be subject to further review (such earlier date,
the “Effectiveness Date”); provided, however, that the Issuer’s obligations to include the
Acquired Shares in the Registration Statement are contingent upon Subscriber furnishing in writing to the Issuer such information
regarding Subscriber, the securities of the Issuer held by Subscriber and the intended method of disposition of the Acquired Shares
as shall be reasonably requested by the Issuer to effect the registration of the Acquired Shares, and Subscriber shall use reasonable
efforts to execute such documents in connection with such registration as the Issuer may reasonably request that are customary
of a selling stockholder in similar situations, including providing that the Issuer shall be entitled to postpone and suspend the
effectiveness or use of the Registration Statement during any customary blackout or similar period or as permitted hereunder. Following
the Effectiveness Date, if the transfer restrictions as set forth on Exhibit A to this Subscription Agreement
are no longer required by the Securities Act or any applicable state securities laws, upon request of Subscriber, the Issuer shall
use its commercially reasonable efforts to cooperate with Subscriber to have such transfer restrictions removed, including providing
authorization to the Issuer’s transfer agent.

 

    11 

     

    

 

(i) [Requests
for Underwritten Shelf Takedowns. Subject to Section 5(c), at any time and from time to time when an
effective Registration Statement is on file with the Commission, Subscriber and, pursuant to corresponding rights under the
Other Subscription Agreements with Eligible Subscribers (as defined below) (the “Other Eligible Subscription
Agreements”), the Eligible Subscribers party to such Other Eligible Subscription Agreements (collectively with
Subscriber, the “Eligible Subscriber Holders”), may request (the requesting
Eligible Subscriber Holder, as applicable, a “Demanding Holder”) to sell all or any portion of
its Registrable Securities (as defined below) in an underwritten offering that is registered pursuant to the Registration
Statement (an “Underwritten Shelf Takedown”); provided that the Issuer shall only be
obligated to effect an Underwritten Shelf Takedown if such offering shall include either (x) Registrable Securities
proposed to be sold by Subscriber, together with other Demanding Holder(s), with a total offering price reasonably expected
to exceed, in the aggregate, $100 million, or (y) all remaining Registrable Securities held by such Demanding
Holder ((x) or (y), as applicable, the “Minimum Takedown Threshold”). All requests for Underwritten Shelf
Takedowns shall be made by giving written notice to the Issuer, which shall specify the approximate number of Registrable
Securities proposed to be sold in the Underwritten Shelf Takedown. Subject to Section 5(a)(iv), the
Demanding Holder(s) shall have the right to select the underwriters for such offering (which shall consist of one or more
reputable nationally recognized investment banks), subject to the Issuer’s prior approval (which shall not be
unreasonably withheld, conditioned or delayed). The Eligible Subscriber Holder(s) in the aggregate may demand no more than
two (2) Underwritten Shelf Takedowns pursuant to this Section 5(a)(i) in any twelve
(12) month period.

 

(1) Reduction
of Underwritten Offering. If the managing underwriter or underwriters in an Underwritten Shelf Takedown, in good faith,
advises the Issuer, the Demanding Holders(s) and any persons requesting piggyback rights, including, without limitation,
under the A&R Registration Rights Agreement (as defined below), this Subscription Agreement or Other Eligible
Subscription Agreements, or other separate contractual arrangements with persons or entities (collectively, the
“Requesting Piggyback Holders”), with respect to such Underwritten Shelf Takedown (if any) in writing that
the dollar amount or number of Registrable Securities that the Demanding Holders desire to sell, taken together with all
other Class A Shares or other equity securities that the Requesting Piggyback Holders (if any) and the Issuer desire to
sell, exceeds the maximum dollar amount or maximum number of equity securities that can be sold in the underwritten offering
without adversely affecting the proposed offering price, the timing, the distribution method, or the probability of success
of such offering (such maximum dollar amount or maximum number of such securities, as applicable, the “Maximum
Number of Securities”), then the Issuer shall include in such underwritten offering, before including any
Class A Shares or other equity securities proposed to be sold by Issuer or by other holders of Class A Shares or
other equity securities: (i) first, the aggregate amount or number of Registrable Securities of the Demanding Holders
(pro rata based on the respective number of Registrable Securities that each Demanding Holder has requested be included in
such Underwritten Shelf Takedown) which can be sold without exceeding the Maximum Number of Securities; (ii) second, to
the extent that the Maximum Number of Securities has not been reached under the foregoing clause (i), the aggregate amount or
number of Class A Shares or other equity securities, if any, as to which registration or a registered offering has been
requested by Requesting Piggyback Holders pursuant to the registration rights set forth in the A&R Registration Rights
Agreement (any persons requesting or demanding registration rights pursuant to the A&R Registration Rights Agreement, the
“Requesting A&R Holders”) which can be sold without exceeding the Maximum Number of Securities;
(iii) third, to the extent that the Maximum Number of Securities has not been reached under the foregoing clauses
(i) and (ii), Class A Shares or other equity securities, if any, of Requesting Piggyback Holders exercising their
registration rights pursuant to this Subscription Agreement or Other Eligible Subscription Agreements (any persons requesting
or demanding registration rights pursuant to this Subscription Agreement or Other Eligible Subscription Agreements, the
“Requesting Eligible Subscriber Holders”) (pro rata based on the respective number of registrable
securities that each such other Requesting Piggyback Holder has requested be included in such Underwritten Shelf Takedown)
which can be sold without exceeding the Maximum Number of Securities; (iv) fourth, to the extent that the Maximum Number
of Securities has not been reached under the foregoing clauses (i), (ii) and (iii), the Class A Shares or other equity
securities that the Issuer desires to sell which can be sold that can be sold without exceeding the Maximum Number of
Securities; and (v) fifth, to the extent that the Maximum Number of Securities has not been reached under the foregoing
clauses (i), (ii), (iii) and (iv), Class A Shares or other equity securities, if any, of Requesting Piggyback Holders
exercising their registration rights pursuant to other separate contractual arrangements with persons or entities (any
persons requesting or demanding registration rights pursuant to such other arrangements, the “Requesting Other
Holders”) (pro rata based on the respective number of registrable securities that each such other Requesting
Piggyback Holder has requested be included in such Underwritten Shelf Takedown) which can be sold without exceeding the
Maximum Number of Securities.

 

    12 

     

    

 

(2) Underwritten
Offering Withdrawal. Prior to the filing of the applicable “red herring” prospectus or prospectus supplement
used for marketing such Underwritten Shelf Takedown, any Demanding Holder initiating an Underwritten Shelf Takedown shall
have the right to withdraw from such Underwritten Shelf Takedown for any or no reason whatsoever upon written notification (a
“Withdrawal Notice”) to the Issuer and the underwriter or underwriters (if any) of their intention to
withdraw from such Underwritten Shelf Takedown; provided that any remaining Demanding Holders may elect to
have the Issuer continue an Underwritten Shelf Takedown if the Minimum Takedown Threshold would still be satisfied by the
Registrable Securities proposed to be sold in the Underwritten Shelf Takedown by such remaining Demanding Holders. If
withdrawn, a demand for an Underwritten Shelf Takedown shall constitute a demand for an Underwritten Shelf Takedown by the
withdrawing Demanding Holder for purposes of Section 5(a)(i), unless such withdrawing Demanding Holder
reimburses the Issuer for all Registration Expenses (as defined below) with respect to such Underwritten Shelf Takedown (or,
if there is more than one withdrawing Demanding Holder, a pro rata portion of such Registration Expenses based on the
respective number of Registrable Securities that each withdrawing Demanding Holder has requested be included in such
Underwritten Shelf Takedown); provided that, if any remaining Demanding Holders elect to continue such
Underwritten Shelf Takedown pursuant to the proviso in the immediately preceding sentence, such Underwritten Shelf Takedown
shall count as an Underwritten Shelf Takedown demanded by such remaining Demanding Holders for purposes
of Section 5(a)(i). Following the receipt of any Withdrawal Notice, the Issuer shall promptly forward such
Withdrawal Notice to any other persons that had elected to participate in such Underwritten Shelf Takedown. Notwithstanding
anything to the contrary in this Agreement, the Issuer shall be responsible for the Registration Expenses incurred in
connection with an Underwritten Shelf Takedown prior to its withdrawal under this Section 5(a)(i)(2), other
than if a Demanding Holder elects to reimburse the Issuer for such Registration Expenses pursuant to the second sentence of
this Section 5(a)(i)(2).

 

(ii) Piggyback
Rights. Subject to Section 5(c), if the Issuer proposes to conduct a registered offering of, or if the
Issuer proposes to file a registration statement under the Securities Act with respect to the registration of, equity
securities, or securities or other obligations exercisable or exchangeable for, or convertible into equity securities, for
its own account or for the account of stockholders of the Issuer, including, without limitation, pursuant to demands
under Section 5(a)(i) of this Subscription Agreements, under any Other Eligible Subscription Agreement,
under the A&R Registration Rights Agreement or under any other separate contractual arrangement with other persons or
entities (or by the Issuer and by the stockholders of the Issuer including, without limitation, an Underwritten Shelf
Takedown), other than a registration statement (or any registered offering with respect thereto) (i) filed in connection
with any employee stock option or other benefit plan, (ii) pursuant to a registration statement on
Form S-4 (or similar form that relates to a transaction subject to Rule 145 under the Securities Act or any
successor rule thereto), (iii) for an offering of debt that is convertible into equity securities of the Issuer,
(iv) for a dividend reinvestment plan or (v) for a Block Trade (as defined below), then the Issuer shall give
written notice of such proposed offering to all of the Eligible Subscriber Holders of Registrable Securities as soon as
practicable but not less than ten (10) days before the anticipated filing date of such Registration Statement or, in the
case of an underwritten offering pursuant to a shelf registration, the applicable “red herring” prospectus or
prospectus supplement used for marketing such offering, which notice shall (A) describe the amount and type of
securities to be included in such offering, the intended method(s) of distribution, and the name of the proposed managing
underwriter or underwriters, if any, in such offering, and (B) offer to all of the Eligible Subscriber Holders of
Registrable Securities the opportunity to include in such registered offering such number of Registrable Securities as such
Eligible Subscriber Holders may request in writing within five (5) days after receipt of such written notice (such
registered offering, a “Piggyback Registration”). Subject to Section 5(a)(ii)(1), the
Issuer shall, in good faith, cause such Registrable Securities to be included in such Piggyback Registration and, if
applicable, shall use its commercially reasonable efforts to cause the managing underwriter or underwriters of such Piggyback
Registration to permit the Registrable Securities requested by the Eligible Subscriber Holders pursuant to
this Section 5(a)(ii) to be included therein on the same terms and conditions as any similar securities
of the Issuer included in such registered offering and to permit the sale or other disposition of such Registrable Securities
in accordance with the intended method(s) of distribution thereof. The inclusion of any Eligible Subscriber Holder’s
Registrable Securities in a Piggyback Registration shall be subject to such Eligible Subscriber Holder’s agreement to
enter into an underwriting agreement in customary form with the underwriter(s) selected for such underwritten offering.

 

    13 

     

    

 

(1) Reduction of
Piggyback Registration. If the managing underwriter or underwriters in an underwritten offering that is to be a Piggyback Registration,
in good faith, advises the Issuer and the Requesting Piggyback Holders pursuant to this Section 5(a)(ii) in
writing that the dollar amount or number of Class A Shares or other equity securities that the Issuer desires to sell, taken
together with the Class A Shares or other equity securities, if any, as to which registration or a registered offering has
been demanded or requested by Requesting A&R Holders, Requesting Eligible Subscriber Holders, including pursuant to Section 5(a)(ii),
and Requesting Other Holders, as applicable, exceeds the Maximum Number of Securities, then:

 

	   	(A)  	if the registration or registered offering is undertaken for the Issuer’s account, the Issuer shall include in any such registration or registered offering: (I) first, the Class A Shares or other equity securities that the Issuer desires to sell which can be sold without exceeding the Maximum Number of Securities; (II) second, to the extent that the Maximum Number of Securities has not been reached under the foregoing clause (I), the Class A Shares or other equity securities, if any, as to which registration or a registered offering has been requested pursuant to the piggyback registration rights set forth in the A&R Registration Rights Agreement by Requesting A&R Holders which can be sold without exceeding the Maximum Number of Securities; (III) third, to the extent that the Maximum Number of Securities has not been reached under the foregoing clauses (I) and (II), the registrable securities of Requesting Eligible Subscriber Holders (pro rata, based on the respective number of registrable securities that each Requesting Eligible Subscriber Holder has requested be included in such underwritten offering and the aggregate number of registrable securities that the Requesting Eligible Subscriber Holders have requested to be included in such underwritten offering) which can be sold without exceeding the Maximum Number of Securities; and (IV) fourth, to the extent that the Maximum Number of Securities has not been reached under the foregoing clauses (I), (II) and (III), the registrable securities of Requesting Other Holders (pro rata, based on the respective number of registrable securities that each Requesting Other Holder has requested be included in such underwritten offering and the aggregate number of registrable securities that the Requesting Other Holders have requested to be included in such underwritten offering) which can be sold without exceeding the Maximum Number of Securities; and

 

    14 

     

    

 

	 	(B)	if the registration or registered offering is pursuant to a request by a Eligible Subscriber Holder of Registrable Securities pursuant to Section 5(a)(i) hereof, then the Issuer shall include in any such registration or registered offering securities in the priority set forth in Section 5(a)(i)(1); and

 

	   	(C)  	if the registration or registered offering is not undertaken for the Issuer’s or a Eligible Subscriber Holder’s account but is undertaken pursuant to a request or demand by other holders, including under the A&R Registration Rights Agreement (the “Other Demanding Holders”): (I) first, the Class A Shares or other equity securities, if any, of such Other Demanding Holders which can be sold without exceeding the Maximum Number of Securities; (II) second, if the Other Demanding Holders are not Requesting A&R Holders, to the extent that the Maximum Number of Securities has not been reached under the foregoing clause (I), the aggregate amount or number of Class A Shares or other equity securities, if any, as to which registration or a registered offering has been requested pursuant to the piggyback registration rights set forth in the A&R Registration Rights Agreement by the Requesting A&R Holders which can be sold without exceed the Maximum Number of Securities, (III) third, to the extent that the Maximum Number of Securities has not been reached under the foregoing clauses (I) and (II), the Class A Shares or other equity securities, if any, of the Requesting Eligible Subscriber Holders (pro rata, based on the respective number of registrable securities that each such Requesting Eligible Subscriber Holder has requested be included in such underwritten offering and the aggregate number of registrable securities that the Requesting Eligible Subscriber Holders have requested to be included in such Underwritten Offering) which can be sold without exceeding the Maximum Number of Securities; (IV) fourth, to the extent that the Maximum Number of Securities has not been reached under the foregoing clauses (I), (II) and (III), the Class A Shares or other equity securities that the Issuer desires to sell which can be sold without exceeding the Maximum Number of Securities; and (V) fifth, if the Other Demanding Holders are not Requesting Other Holders, to the extent that the Maximum Number of Securities has not been reached under the foregoing clause (IV), the Class A Shares or other equity securities, if any, of Requesting Other Holders (pro rata, based on the respective number of registrable securities that each such Requesting Other Holder has requested be included in such underwritten offering and the aggregate number of registrable securities that the Requesting Other Holders have requested to be included in such underwritten offering) which can be sold without exceeding the Maximum Number of Securities.

 

    15 

     

    

 

(2) Piggyback Registration
Withdrawal. Any Eligible Subscriber Holder of Registrable Securities (other than a Demanding Holder, whose right to withdraw
from an Underwritten Shelf Takedown, and related obligations, shall be governed by Section 5(a)(i)(2)) shall have
the right to withdraw from a Piggyback Registration for any or no reason whatsoever upon written notification to the Issuer and
the underwriter or underwriters (if any) of his, her or its intention to withdraw from such Piggyback Registration prior to the
effectiveness of the registration statement filed with the Commission with respect to such Piggyback Registration or, in the case
of a Piggyback Registration pursuant to a shelf registration, the filing of the applicable “red herring” prospectus
or prospectus supplement with respect to such Piggyback Registration used for marketing such transaction. The Issuer (whether on
its own good faith determination or as the result of a request for withdrawal by persons pursuant to separate written contractual
obligations) may withdraw a registration statement filed with the Commission in connection with a Piggyback Registration (which,
in no circumstance, shall include the Registration Statement) at any time prior to the effectiveness of such registration statement.
Notwithstanding anything to the contrary in this Section 5 (other than Section 5(a)(i)(2)), the Issuer shall
be responsible for the Registration Expenses incurred in connection with the Piggyback Registration prior to its withdrawal under
this Section 5(a)(ii)(2).

 

    16 

     

    

 

(3) Unlimited Piggyback
Registration Rights. For purposes of clarity, subject to Section 5(a)(i)(2), any Piggyback Registration effected
pursuant to Section 5(a)(ii) hereof shall not be counted as a demand for an Underwritten Shelf Takedown under Section 5(a)(i) hereof.

 

(4) Subscriber
Information. Notwithstanding anything in this Section 5 to the contrary, Subscriber may not participate
in any underwritten offering pursuant to this Section 5(a)(ii) unless Subscriber (x) agrees to sell
Subscriber’s securities on the basis provided in any underwriting arrangements approved by the Issuer and (y) completes
and executes all customary questionnaires, powers of attorney, indemnities, lock-up agreements, underwriting agreements
and other customary documents as may be reasonably required under the terms of such underwriting arrangements.

 

(iii) Market Stand-off.
In connection with any underwritten offering of Class A Shares or other equity securities of the Issuer (other than a Block
Trade (as defined below)), each Eligible Subscriber Holder that is an executive officer or director of the Issuer or the beneficial
owner of more than five percent (5%) of the outstanding Class A Shares of the Issuer, agrees not to, and to execute a customary lock-up agreement
(in each case on substantially the same terms and conditions as all such Eligible Subscriber Holders) in favor of the underwriters
to not, sell or dispose of any Class A Shares or other equity securities of the Issuer (other than those included in such
offering), without the prior written consent of the Issuer, during the ninety (90)-day period (or such shorter time agreed
to by the managing underwriters) beginning on the date of pricing of such offering, except as expressly permitted by such lock-up agreement
and in the event the managing underwriters otherwise agree by written consent.

 

(iv) Block
Trades. Notwithstanding any other provision of this Section 5, but subject to Section 5(c),
at any time and from time to time when an effective Registration Statement is on file with the Commission, if a Demanding Holder
wishes to engage in a Block Trade that includes either (x) Registrable Securities proposed to be sold by such Demanding Holder
with a total offering price reasonably expected to exceed $100 million, or (y) all remaining Registrable Securities
held by such Demanding Holder, then such Demanding Holder only needs to notify the Issuer of the Block Trade at least five (5) business
days prior to the day such offering is to commence and the Issuer shall as expeditiously as possible use its commercially reasonable
efforts to facilitate such Block Trade; provided that the Demanding Holders representing a majority of the Registrable
Securities wishing to engage in the Block Trade shall use commercially reasonable efforts to work with the Issuer and any underwriters
prior to making such request in order to facilitate preparation of the registration statement, prospectus and other offering documentation
related to the Block Trade. Prior to the filing of the applicable “red herring” prospectus or prospectus supplement
used in connection with a Block Trade, any Demanding Holder initiating such Block Trade shall have the right to submit a Withdrawal
Notice to the Issuer and the underwriter or underwriters (if any) of their intention to withdraw from such Block Trade. Notwithstanding
anything to the contrary in Section 5(a), the Issuer shall be responsible for the Registration Expenses incurred
in connection with a Block Trade prior to its withdrawal under this Section 5(a)(iv). Notwithstanding anything
to the contrary in this Agreement, Section 5(a)(ii) shall not apply to a Block Trade initiated by a Demanding
Holder. The Demanding Holder in a Block Trade shall have the right to select the underwriters for such Block Trade (which shall
consist of one or more reputable nationally recognized investment banks). The Eligible Subscriber Holder(s) in the aggregate may
demand no more than two (2) Block Trades pursuant to this Section 5(a)(iv) in any twelve (12) month
period. For the avoidance of doubt, any Block Trade effected pursuant to this Section 5(a)(iv) shall not
be counted as a demand for an Underwritten Shelf Takedown pursuant to Section 5(a)(i) hereof.

 

    17 

     

    

 

(v)
All Registration Expenses shall be borne by the Issuer. It is acknowledged that Subscriber shall bear, with respect to Subscriber’s
Registrable Securities being sold, all underwriters’ commissions and discounts, brokerage fees and, other than as set forth
in the definition of “Registration Expenses,” all reasonable fees and expenses of any legal counsel representing
Subscriber.

 

(vi)
As used in this Section 5, the following terms shall have the following meanings:

 

(1) “A&R Registration
Rights Agreement” has the meaning set forth in the Agreement and Plan of Merger.

 

(2) “Block Trade”
means an underwritten registered offering not involving a “roadshow,” commonly known as a “block trade.”

 

(3) “Eligible
Subscriber” means a subscriber that, together with its Affiliates (as defined herein), purchased pursuant to this Subscription
Agreement or any Other Subscription Agreement, Class A Shares with an aggregate purchase price in excess of $100 million.

 

(4) “Registration
Expenses” shall mean the out-of-pocket expenses of a Registration, including, without limitation, the following:
(A) all registration and filing fees (including fees with respect to filings required to be made with the Financial Industry
Regulatory Authority, Inc.) and any national securities exchange on which the Class A Shares are then listed; (B) fees
and expenses of compliance with securities or blue sky laws (including reasonable fees and disbursements of outside counsel for
the underwriters in connection with blue sky qualifications of Registrable Securities); (C) printing, messenger, telephone and
delivery expenses; (D) reasonable fees and disbursements of counsel for the Issuer; (E) reasonable fees and disbursements
of all independent registered public accountants of the Issuer incurred specifically in connection with such registration; and
(F) reasonable fees and expenses of one (1) legal counsel selected by the Demanding Holders in an underwritten Offering.

 

    18 

     

    

 

(5) “Registrable
Security” shall mean any of the Acquired Shares until the earliest to occur of: (A) a registration statement with
respect to the sale of any such Acquired Shares shall have become effective under the Securities Act and such securities shall
have been sold, transferred, disposed of or exchanged in accordance with such registration statement; (B) any such Acquired
Shares shall have ceased to be outstanding; (C) any such Acquired Shares have been sold without registration pursuant to Rule
144 (or any successor rule promulgated thereafter by the Commission); and (D) any such Acquired Shares have been sold to,
or through, a broker, dealer or underwriter in a public distribution or other public securities transaction.]1

 

(b) Registration
Cooperation. At its expense the Issuer shall:

 

(i)
except for such times as the Issuer is permitted hereunder to suspend the use of the prospectus forming part of a Registration
Statement, use its commercially reasonable efforts to keep such registration, and any qualification, exemption or compliance under
state securities laws which the Issuer determines to obtain, continuously effective with respect to Subscriber, and to keep the
applicable Registration Statement or any subsequent shelf registration statement free of any material misstatements or omissions,
until the earlier of the following: (i) Subscriber ceases to hold any Registrable Securities, and (ii) two (2) years
from the Effectiveness Date; provided that the provisions under Section 5(a)(i)-(iv) of this Subscription Agreement shall
terminate on the first anniversary of the Merger Closing Date. The period of time during which the Issuer is required hereunder
to keep a Registration Statement effective is referred to herein as the “Registration Period”;

 

(ii)
advise Subscriber within two (2) business days:

 

(1) when a Registration
Statement or any amendment thereto has been filed with the Commission and when such Registration Statement or any post-effective
amendment thereto has become effective;

 

(2) of any request by the
Commission for amendments or supplements to any Registration Statement or the prospectus included therein or for additional information;

 

(3) of the issuance by
the Commission of any stop order suspending the effectiveness of any Registration Statement or the initiation of any proceedings
for such purpose;

 

(4) of the receipt by the
Issuer of any notification with respect to the suspension of the qualification of the Acquired Shares included therein for sale
in any jurisdiction or the initiation or threatening of any proceeding for such purpose; and

 

 

 

	1	Applies
only to subscribers with a Purchase Price in excess of $100 million and Section 3(r) for subscribers of $100 million
or less provides for an exception for these registration rights.

 

    19 

     

    

 

(5) subject to the provisions
in this Subscription Agreement, of the occurrence of any event that requires the making of any changes in any Registration Statement
or prospectus so that, as of such date, the statements therein are not misleading and do not omit to state a material fact required
to be stated therein or necessary to make the statements therein (in the case of a prospectus, in the light of the circumstances
under which they were made) not misleading.

 

Notwithstanding anything
to the contrary set forth herein, the Issuer shall not, when so advising Subscriber of such events, provide Subscriber with any
material, nonpublic information regarding the Issuer other than to the extent that providing notice to Subscriber of the occurrence
of the events listed in (1) through (5) above constitutes material, nonpublic information regarding the Issuer;

 

(iii)
use its commercially reasonable efforts to obtain the withdrawal of any order suspending the effectiveness of any Registration
Statement as soon as reasonably practicable;

 

(iv)
upon the occurrence of any event contemplated in Section 5(b)(ii)(5), except for such times as the Issuer is permitted
hereunder to suspend, and has suspended, the use of a prospectus forming part of a Registration Statement, the Issuer shall use
its commercially reasonable efforts to as soon as reasonably practicable prepare a post-effective amendment to such Registration
Statement or a supplement to the related prospectus, or file any other required document so that, as thereafter delivered to purchasers
of the Acquired Shares included therein, such prospectus will not include any untrue statement of a material fact or omit to state
any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading;

 

(v)
use its commercially reasonable efforts to cause all Acquired Shares to be listed on each national securities exchange (within
the meaning of the Exchange Act), if any, on which the Class A Shares issued by the Issuer have been listed;

 

(vi)
use its commercially reasonable efforts to take all other steps necessary to effect the registration of the Acquired Shares as
required hereby;

 

(vii)
use its commercially reasonable efforts to allow Subscriber to review disclosure regarding Subscriber in the Registration Statement;
and

 

(viii)
[in the case of (x) an Underwritten Shelf Takedown, (y) a Block Trade or (z) in the case of clauses (1), (2),
(3) and (5) below, a sale by an Eligible Subscriber Holder effected or executed through a broker, placement agent or
sales agent (subject to such broker, placement agent or sales agent providing such certifications or representations
reasonably requested by the Issuer’s independent registered public accountants and the Issuer’s counsel):
(1) request the Issuer’s independent registered public accountants to provide a “cold comfort” letter,
in customary form and covering such matters of the type customarily covered by “cold comfort” letters, and
reasonably satisfactory to a majority-in-interest of the participating Eligible Subscriber Holders and the
applicable broker, placement agent or sales agent, if any, and the underwriters, if any; (2) request the Issuer’s
counsel to provide an opinion and negative assurance letter with respect to such offering addressed to the participating
Eligible Subscriber Holders and to the broker, placement agent or sales agent, if any, and the underwriters, if any, covering
such legal matters with respect to the offering in respect of which such opinion is being given as the participating Eligible
Subscriber Holders, or such broker, placement agent, sales agent or underwriters, may reasonably request and as are
customarily included in such opinions and negative assurance letters, and reasonably satisfactory to
a majority-in-interest of the participating Eligible Subscriber Holders and the applicable broker, placement agent
or sales agent, if any, and the underwriters, if any; (3) enter into and perform its obligations under an underwriting
agreement or distribution agreement, in usual and customary form, with the managing underwriter, broker, placement agent or
sales agent of such offering or sale; (4) in the case of an Underwritten Shelf Takedown, use its reasonable efforts to
make available senior executives of the Issuer to participate in customary “road show” presentations that may be
reasonably requested by the managing underwriter; and (5) otherwise, in good faith, cooperate reasonably with, and take
such customary actions as may reasonably be requested by the participating Eligible Subscriber Holders and the broker,
placement agent or sales agent, if any, and underwriters, if any, as applicable, in connection with such offering or
sale.]2

 

    20 

     

    

 

(c) Suspension
Event. Notwithstanding anything to the contrary in this Subscription Agreement, the Issuer shall be entitled to delay or
postpone the effectiveness of the Registration Statement and any other registration statement referred to in
this Section 5, and from time to time to require Subscriber not to sell under the Registration Statement or
such other registration statement, as applicable, or to suspend the effectiveness thereof, if the negotiation or consummation
of a transaction by the Issuer or its subsidiaries is pending or an event has occurred, which negotiation, consummation or
event the Issuer’s board of directors reasonably believes, upon the advice of legal counsel, would require additional
disclosure by the Issuer in the Registration Statement of material information that the Issuer has a bona fide business
purpose for keeping confidential and the non-disclosure of which in the Registration Statement would be expected,
in the reasonable determination of the Issuer’s board of directors, upon the advice of legal counsel, to cause the
Registration Statement or such other registration statement, as applicable, to fail to comply with applicable disclosure
requirements (each such circumstance, a “Suspension Event”); provided, however,
that the Issuer may not delay or suspend a particular registration statement on more than two (2) occasions, for more
than sixty (60) consecutive calendar days, or more than ninety (90) total calendar days, in each case during any
twelve-month period. Upon receipt of any written notice from the Issuer of the happening of any Suspension Event during the
period that the Registration Statement or such other registration statement, as applicable, is effective or if as a result of
a Suspension Event the Registration Statement or such other registration statement or related prospectus contains any untrue
statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the
statements therein (in the case of a prospectus, in the light of the circumstances under which they were made) not
misleading, Subscriber agrees that (i) it will immediately discontinue offers and sales of the Acquired Shares under the
Registration Statement or such other registration statement (excluding, for the avoidance of doubt, sales conducted pursuant
to Rule 144) until Subscriber receives copies of a supplemental or amended prospectus (which the Issuer agrees to promptly
prepare) that corrects the misstatement(s) or omission(s) referred to above and receives notice that any post-effective
amendment has become effective or unless otherwise notified by the Issuer that it may resume such offers and sales, and
(ii) it will maintain the confidentiality of any information included in such written notice delivered by the Issuer
unless otherwise required by law or subpoena. If so directed by the Issuer, Subscriber will deliver to the Issuer or, in
Subscriber’s sole discretion destroy, all copies of the prospectus covering the Acquired Shares in Subscriber’s
possession; provided, however, that this obligation to deliver or destroy all copies of the prospectus covering
the Acquired Shares shall not apply (i) to the extent Subscriber is required to retain a copy of such prospectus
(a) in order to comply with applicable legal, regulatory, self-regulatory or professional requirements or (b) in
accordance with a bona fide pre-existing document retention policy or (ii) to copies stored electronically on
archival servers as a result of automatic data back-up.

 

 

	2	Applies
only to subscribers with a Purchase Price in excess of $100 million.

 

    21 

     

    

 

(d) Opt-Out Notice.
Subscriber may deliver written notice (including via email in accordance with Section 9(l) of this
Subscription Agreement) (an “Opt-Out Notice”) to the Issuer requesting that Subscriber not receive
notices from the Issuer otherwise required by this Section 5; provided, however,
that Subscriber may later revoke any such Opt-Out Notice in writing. Following receipt of
an Opt-Out Notice from Subscriber (unless subsequently revoked), (i) the Issuer shall not deliver any such notices
to Subscriber and Subscriber shall no longer be entitled to the rights associated with any such notice and (ii) each
time prior to Subscriber’s intended use of an effective registration statement, Subscriber will notify the Issuer in
writing at least two (2) business days in advance of such intended use, and if a notice of a Suspension Event was
previously delivered (or would have been delivered but for the provisions of this Section 5(d)) and the
related suspension period remains in effect, the Issuer will so notify Subscriber, within one (1) business day of
Subscriber’s notification to the Issuer, by delivering to Subscriber a copy of such notice of Suspension Event that
would have been provided, and thereafter will provide Subscriber with the related notice of the conclusion of such Suspension
Event immediately upon its availability, and Subscriber shall comply with any restrictions on using such Registration
Statement during such Suspension Event.

 

(e) Subscriber
Indemnification. The Issuer agrees to indemnify and hold Subscriber, each person, if any, who controls Subscriber within the
meaning of either Section 15 of the Securities Act or Section 20 of the Exchange Act, and each affiliate of Subscriber
within the meaning of Rule 405 under the Securities Act, and each underwriter pursuant to the applicable underwriting agreement
with such underwriter, and each broker, placement agent or sales agent to or through which Subscriber effects or executes the resale
of any Acquired Shares (collectively, the “Subscriber Indemnified Parties”), harmless against any and all losses,
claims, damages and liabilities (including, without limitation, any legal or other expenses reasonably incurred in connection with
defending or investigating any such action or claim) incurred by Subscriber directly that are caused by any untrue statement or
alleged untrue statement of a material fact contained in the Registration Statement or any other registration statement which covers
Registrable Securities of Subscriber (including, in each case, the prospectus contained therein) or any amendment thereof (including
the prospectus contained therein) or caused by any omission or alleged omission to state therein a material fact necessary in order
to make the statements therein (in the case of a prospectus, in the light of the circumstances under which they were made), not
misleading, except insofar as the same are caused by or contained in any information or affidavit so furnished in writing to the
Issuer by Subscriber expressly for use therein.

 

    22 

     

    

 

(f) Issuer
Indemnification. Subscriber agrees to, severally and not jointly with any other accredited investor that is a party to the
Other Subscription Agreements, indemnify and hold harmless the Issuer, each person, if any, who controls the Issuer within the
meaning of either Section 15 of the Securities Act or Section 20 of the Exchange Act, and each affiliate of the Issuer
within the meaning of Rule 405 under the Securities Act, and each underwriter pursuant to the applicable underwriting agreement
with such underwriter, and each broker, placement agent or sales agent to or through which Subscriber effects or executes the resale
of any Acquired Shares (collectively, the “Issuer Indemnified Parties”), harmless against any and all losses,
claims, damages and liabilities (including, without limitation, any legal or other expenses reasonably incurred in connection with
defending or investigating any such action or claim) incurred by the Issuer directly that are caused by any untrue statement or
alleged untrue statement of a material fact contained in the Registration Statement or any other registration statement which covers
Registrable Securities of Subscriber (including, in each case, the prospectus contained therein) or any amendment thereof (including
the prospectus contained therein) or caused by any omission or alleged omission to state therein of a material fact necessary in
order to make the statements therein (in the case of a prospectus, in light of the circumstances under which they were made), not
misleading, insofar as the same are caused by or contained in any information or affidavit so furnished in writing to the Issuer
by Subscriber expressly for use therein. Notwithstanding the foregoing, Subscriber’s indemnification obligations under this Section 5(f),
in the aggregate, will not exceed the Purchase Price.

 

6. Termination.
This Subscription Agreement shall terminate and be void and of no further force and effect, and all rights and obligations of the
parties hereunder shall terminate without any further liability on the part of any party in respect thereof, upon the earliest
to occur of (a) such date and time as the Agreement and Plan of Merger is terminated in accordance with its terms, (b) upon
the mutual written agreement of each of the parties hereto to terminate this Subscription Agreement, (c) if any of the conditions
to the Subscription Closing set forth in Section 2 of this Subscription Agreement are not satisfied on or
prior to the Subscription Closing and, as a result thereof, the transactions contemplated by this Subscription Agreement are not
consummated at the Subscription Closing, (d) the Outside Date (as defined in the Agreement and Plan of Merger and as may be
extended as described therein) if the Merger Closing has not occurred on or before such date and (e) the first anniversary
of the date of this Subscription Agreement if the Merger Closing and the Subscription Closing have not occurred on or before such
first anniversary; provided, that nothing herein will relieve any party from liability for any willful breach hereof
prior to the time of termination, and each party will be entitled to any remedies at law or in equity to recover losses, liabilities
or damages arising from such breach. The Issuer shall promptly notify Subscriber of the termination of the Agreement and Plan of
Merger (other than such a termination as a result of the Merger Closing thereunder).

 

    23 

     

    

 

7. Trust
Account Waiver. Subscriber acknowledges that the Issuer is a blank check company with the powers and privileges to effect
a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination involving the Issuer
and one or more businesses. Subscriber further acknowledges that, as described in the Issuer’s prospectus relating to its
initial public offering dated June 7, 2018, available at www.sec.gov, substantially all of the Issuer’s assets consist
of the cash proceeds of the Issuer’s initial public offering and private placements of its securities, and substantially
all of those proceeds have been deposited in a trust account (the “Trust Account”) for the benefit of the Issuer,
its public stockholders and the underwriters of the Issuer’s initial public offering. For and in consideration of the Issuer
entering into this Subscription Agreement, the receipt and sufficiency of which are hereby acknowledged, Subscriber, on behalf
of itself and its affiliates and representatives, hereby irrevocably waives any and all right, title and interest, or any claim
of any kind they have or may have in the future as a result of, or arising out of, this Subscription Agreement, in or to any monies
held in the Trust Account, and agrees not to seek recourse or make or bring any action, suit, claim or other proceeding against
the Trust Account as a result of, or arising out of, this Subscription Agreement, the transactions contemplated hereby or the
Acquired Shares, regardless of whether such claim arises based on contract, tort, equity or any other theory of legal liability.
Subscriber acknowledges and agrees that it shall not have any redemption rights with respect to the Acquired Shares pursuant to
the Issuer’s organizational documents in connection with the Transactions or any other business combination, any subsequent
liquidation of the Trust Account or the Issuer or otherwise. In the event Subscriber has any claim against the Issuer as a result
of, or arising out of, this Subscription Agreement, the transactions contemplated hereby or the Acquired Shares, it shall pursue
such claim solely against the Issuer and its assets outside the Trust Account and not against the Trust Account or any monies
or other assets in the Trust Account; provided, however, that nothing in this Section 7 shall
be deemed to limit Subscriber’s right, title, interest or claim to the Trust Account by virtue of Subscriber’s record
or beneficial ownership of Class A Shares of the Issuer acquired by any means other than pursuant to this Subscription Agreement.

 

8. Issuer’s
Covenants. With a view to making available to Subscriber the benefits of Rule 144 promulgated under the Securities Act or any
other similar rule or regulation of the Commission that may at any time permit Subscriber to sell securities of the Issuer to the
public without registration, the Issuer agrees, until the Acquired Shares are sold by Subscriber, to:

 

(a) make and keep
public information available, as those terms are understood and defined in Rule 144;

 

(b) file with
the Commission in a timely manner all reports and other documents required of the Issuer under the Securities Act and the Exchange
Act so long as the Issuer remains subject to such requirements and the filing of such reports and other documents is required for
the applicable provisions of Rule 144;

 

(c) furnish to
Subscriber so long as it owns the Acquired Shares, as promptly as practicable upon request, (x) a written statement by the
Issuer, if true, that it has complied with the reporting requirements of Rule 144, the Securities Act and the Exchange Act, (y) a
copy of the most recent annual or quarterly report of the Issuer and such other reports and documents so filed by the Issuer with
the Commission and (z) such other information as may be reasonably requested to permit Subscriber to sell such securities
pursuant to Rule 144 without registration; and

 

    24 

     

    

 

(d) in connection
with a sale by Subscriber pursuant to Rule 144, if the transfer restrictions as set forth on Exhibit A to this
Subscription Agreement are no longer required by the Securities Act or any applicable state securities laws, upon request of Subscriber,
the Issuer shall use its commercially reasonable efforts to cooperate with Subscriber to have such transfer restrictions removed,
including providing authorization to the Issuer’s transfer agent.

 

9. Miscellaneous.

 

(a) Subscriber
acknowledges that the Issuer and others and the Issuer acknowledges that Subscriber and others will rely on the acknowledgments,
understandings, agreements, representations and warranties contained in this Subscription Agreement. Prior to the Subscription
Closing, Subscriber and the Issuer agree to promptly notify the other party if it becomes aware that any of the acknowledgments,
understandings, agreements, representations and warranties set forth herein are no longer accurate in all material respects.

 

(b) Each of the
Issuer and Subscriber is entitled to rely upon this Subscription Agreement and is irrevocably authorized to produce this Subscription
Agreement or a copy hereof to any interested party in any administrative or legal proceeding or official inquiry with respect to
the matters covered hereby. Disclosure of Subscriber’s name shall be subject to the notice provisions set forth in Section 9(o) of
this Subscription Agreement.

 

(c) Neither this
Subscription Agreement nor any rights that may accrue to Subscriber hereunder may be transferred or assigned (other than the transfer
and assignment of (i) the Acquired Shares acquired hereunder, if any, subsequent to Subscriber’s purchase of such Acquired
Shares at the Subscription Closing and in accordance with Subscriber’s representations and warranties herein; (ii) any
or all of Subscriber’s rights and obligations under this Subscription Agreement to its Affiliates, subject to, if such transfer
or assignment is prior to the Subscription Closing, such Affiliates executing a subscription agreement in substantially the same
form as this Subscription Agreement, including with respect to the Purchase Price and other terms and conditions; and (iii) after
the Subscription Closing, the Subscriber’s rights pursuant to Section 5, Section 8 and Section 9 of
this Subscription Agreement to any purchaser of the Acquired Shares that receives the Acquired Shares without the removal of the
transfer restrictions set forth on Exhibit A of this Subscription Agreement). “Affiliates” for the purpose of
this Section 9(c) means persons directly or indirectly controlling, controlled by or under direct or indirect
common control with, such person; provided, that the foregoing shall not include portfolio or other operating companies
of Subscriber or any of the foregoing persons. Neither this Subscription Agreement nor any rights that may accrue to the Issuer
hereunder may be transferred or assigned by the Issuer.

 

(d) All the agreements,
representations and warranties made by each party hereto in this Subscription Agreement shall survive the Subscription Closing.

 

(e) The Issuer
may request from Subscriber such additional information as may be reasonably necessary to evaluate the eligibility of Subscriber
to acquire the Acquired Shares and to comply with the Issuer’s registration obligations under Section 5 of
this Subscription Agreement, and Subscriber shall take reasonable efforts to provide such information as may be reasonably requested,
to the extent readily available and to the extent consistent with its internal policies and procedures.

 

    25 

     

    

 

(f) This Subscription
Agreement may not be modified, waived or terminated except by an instrument in writing, signed by the party against whom enforcement
of such modification, waiver, or termination is sought.

 

(g) This Subscription
Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof, and supersedes all prior
agreements and understandings, both written and oral, between the parties with respect to the subject matter hereof. This Subscription
Agreement shall not confer any rights or remedies upon any person other than the parties hereto, and their respective successors
and assigns; provided, that the parties acknowledge and agree that the Subscriber Indemnified Parties and the Issuer
Indemnified Parties shall each be a third-party beneficiary to this Subscription Agreement with respect to Section 5(e) and Section 5(f),
respectively, of this Subscription Agreement, and that the Agent shall be a third-party beneficiary of the representations and
warranties of Subscriber contained in Section 4 of this Subscription Agreement, and in each case with respect thereto shall
be entitled to the rights and benefits hereunder and may enforce the provisions hereof as if it were a party hereto.

 

(h) Subject to Section 9(c),
and except as otherwise provided herein, this Subscription Agreement shall be binding upon, and inure to the benefit of the parties
hereto and their heirs, executors, administrators, successors, legal representatives, and permitted assigns, and the agreements,
representations, warranties, covenants and acknowledgments contained herein shall be deemed to be made by, and be binding upon,
such heirs, executors, administrators, successors, legal representatives and permitted assigns.

 

(i) If any provision
of this Subscription Agreement shall be invalid, illegal or unenforceable, the validity, legality or enforceability of the remaining
provisions of this Subscription Agreement shall not in any way be affected or impaired thereby and shall continue in full force
and effect.

 

(j) This
Subscription Agreement may be executed in one (1) or more counterparts (including by electronic means), all of which
shall be considered one and the same agreement and shall become effective when one (1) or more counterparts have been
signed by each of the parties and delivered to the other parties, it being understood that all parties need not sign the same
counterpart. Delivery by facsimile or electronic transmission to counsel for the other parties of a counterpart executed by a
party shall be deemed to meet the requirements of the previous sentence.

 

(k) Subscriber
shall pay all of its own expenses in connection with this Subscription Agreement and the transactions contemplated herein.

 

    26 

     

    

 

(l) Notices.
All notices and other communications hereunder shall be in writing and shall be deemed given (i) on the date established by
the sender as having been delivered personally; (ii) one (1) business day after being sent by an internationally recognized
overnight courier guaranteeing overnight delivery; or (iii) on the date delivered, if delivered by facsimile or email, with
confirmation of transmission. Such communications, to be valid, must be addressed as follows:

 

(1) if to Subscriber,
to such address or addresses set forth on the signature page hereto;

 

(2) if to the
Issuer, to:

 

GS Acquisition
Holdings Corp

200 West Street

New York, New
York 10282

Attention:         Raanan
A. Agus

                        
 David S. Plutzer

Email:               raanan.agus@gs.com

                        
 david.plutzer@gs.com

 

with a copy to
(which copy shall not constitute notice):

 

Skadden, Arps,
Slate, Meagher & Flom LLP

Four Times Square

New York, New
York 10036

Attention:         Howard
L. Ellin

                        
 C. Michael Chitwood

Email:                howard.ellin@skadden.com

                        
  michael.chitwood@skadden.com

 

(m) This Subscription
Agreement, and any action, suit, dispute, controversy or claim arising out of this Subscription Agreement or the validity, interpretation,
breach or termination of this Subscription Agreement, shall be governed by and construed in accordance with the internal laws of
the State of Delaware regardless of the law that might otherwise govern under applicable principles of conflicts of law thereof.

 

(n) Each of
the parties irrevocably consents to the exclusive jurisdiction and venue of the courts of the State of Delaware or the
federal courts located in the State of Delaware in connection with any matter based upon or arising out of this Subscription
Agreement, agrees that process may be served upon them in any manner authorized by the laws of the State of Delaware for such
person and waives and covenants not to assert or plead any objection which they might otherwise have to such manner of
service of process. Each party and any person asserting rights as a third-party beneficiary may do so only if he, she or it
hereby waives, and shall not assert as a defense in any legal dispute, that: (a) such person is not personally subject
to the jurisdiction of the above named courts for any reason; (b) such Legal Proceeding (as defined in the Agreement and
Plan of Merger) may not be brought or is not maintainable in such court; (c) such person’s property is exempt or
immune from execution; (d) such Legal Proceeding is brought in an inconvenient forum; or (e) the venue of such
Legal Proceeding is improper. Each party and any person asserting rights as a third-party beneficiary hereby agrees not to
commence or prosecute any such action, claim, cause of action or suit other than before one of the above-named courts, nor to
make any motion or take any other action seeking or intending to cause the transfer or removal of any such action, claim,
cause of action or suit to any court other than one of the above-named courts, whether on the grounds of inconvenient forum
or otherwise. Each party hereby consents to service of process in any such proceeding in any manner permitted by Delaware
law, and further consents to service of process by nationally recognized overnight courier service guaranteeing overnight
delivery, or by registered or certified mail, return receipt requested, at its address specified pursuant
to Section 9(l) of this Subscription Agreement. Notwithstanding the foregoing in
this Section 9(n), any party may commence any action, claim, cause of action or suit in a court other than
the above-named courts solely for the purpose of enforcing an order or judgment issued by one of the above-named courts.

 

    27 

     

    

 

TO THE EXTENT
NOT PROHIBITED BY APPLICABLE LAW WHICH CANNOT BE WAIVED, EACH OF THE PARTIES AND ANY PERSON ASSERTING RIGHTS AS A THIRD-PARTY BENEFICIARY
MAY DO SO ONLY IF HE, SHE OR IT IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT TO TRIAL BY JURY ON ANY CLAIMS OR COUNTERCLAIMS
ASSERTED IN ANY LEGAL DISPUTE RELATING TO THIS SUBSCRIPTION AGREEMENT AND FOR ANY COUNTERCLAIM RELATING THERETO, IN EACH CASE WHETHER
NOW EXISTING OR HEREAFTER ARISING. IF THE SUBJECT MATTER OF ANY SUCH LEGAL DISPUTE IS ONE IN WHICH THE WAIVER OF JURY TRIAL IS
PROHIBITED, NO PARTY NOR ANY PERSON ASSERTING RIGHTS AS A THIRD-PARTY BENEFICIARY SHALL ASSERT IN SUCH LEGAL DISPUTE A NONCOMPULSORY
COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS SUBSCRIPTION AGREEMENT. FURTHERMORE, NO PARTY NOR ANY PERSON ASSERTING RIGHTS AS
A THIRD-PARTY BENEFICIARY SHALL SEEK TO CONSOLIDATE ANY SUCH LEGAL DISPUTE WITH A SEPARATE ACTION OR OTHER LEGAL PROCEEDING IN
WHICH A JURY TRIAL CANNOT BE WAIVED.

 

(o) The Issuer
shall, no later than 9:00 a.m., New York City time, on the first (1st) business day immediately following the date of
this Subscription Agreement, (i) file a proxy statement with the Commission (substantially in the form of which has previously
been provided to Subscriber); and (ii) issue one or more press releases or file with the Commission a Current Report on Form 8-K (collectively,
the “Disclosure Document”) disclosing all material terms of the transactions contemplated hereby, the Transactions
and any other material, nonpublic information that the Issuer has provided to Subscriber at any time prior to the filing of the
Disclosure Document. From and after the issuance of the Disclosure Document, to the Issuer’s knowledge, Subscriber shall
not be in possession of any material, non-public information received from the Issuer or any of its officers, directors
or employees. Notwithstanding anything in this Subscription Agreement to the contrary, each party hereto acknowledges and agrees
that without the prior written consent of the other party hereto it will not publicly make reference to such other party or any
of its affiliates (i) in connection with the Transactions or this Subscription Agreement or (ii) in any promotional materials,
media, or similar circumstances, except, in each case, as required by law or regulation or at the request of the Staff of the Commission
or regulatory agency or under the regulations of the NYSE, including, in the case of the Issuer (a) as required by the federal
securities law in connection with the Registration Statement, (b) the filing of this Subscription Agreement (or a form of
this Subscription Agreement) with the Commission and (c) the filing of the Schedule 14A and related proxy materials to be
filed by the Issuer with respect to the Transactions.

 

    28 

     

    

 

(p) Except as
expressly set forth in this Subscription Agreement, no former, current or future equity holders, controlling persons, directors,
officers, employees, agents, affiliates, members, managers, general or limited partners, representatives or assignees of Subscriber
or any former, current or future equity holder, controlling person, director, officer, employee, agent, affiliate, member, manager,
general or limited partner, representative or assignee of any of the foregoing, shall have any obligation to the Issuer or to any
other person hereunder in connection with the transactions contemplated hereby.

 

[Signature pages
follow]

 

    29 

     

    

 

IN WITNESS
WHEREOF, each of the Issuer and Subscriber has executed or caused this Subscription Agreement to be executed by its duly authorized
representative as of the date set forth below.

 

	 	GS ACQUISITION HOLDINGS CORP
	 	 	 
	 	By:	

	 	 	Name:
	 	 	Title:

 

[Signature Page
to Subscription Agreement]

 

     

     

    

 

	SUBSCRIBER:	 
	 	 	 
	[•]	 	 
	 		 
	By:	               	 
	Name:	 
	Title:	 

	(Please print. Please indicate name and capacity of person signing above)	 
	 	 	 
	Address:	 	 
	 	 	 
	Facsimile:	 	 
	Email:	 	 
	Attention:	 	 
	EIN:	 	 

 

Aggregate Number of Acquired Shares
subscribed for:                     

 

Aggregate Purchase Price: $                                        

 

Name in which securities are to be
registered (if different):                                         

 

You must pay the Purchase Price
by wire transfer of United States dollars in immediately available funds to the account specified by the Issuer in the Closing
Notice.

 

     

     

    

 

SCHEDULE
A

 

ELIGIBILITY
REPRESENTATIONS OF SUBSCRIBER

 

This page
should be completed by Subscriber

and constitutes
a part of the Subscription Agreement.

 

A.
ACCREDITED INVESTOR STATUS

(Please check the applicable subparagraphs):

 

	 	 ̈	We/I are/am an “accredited investor” (within the meaning of Rule 501(a) under the Securities Act) or an entity in which all of the equity holders are accredited investors within the meaning of Rule 501(a) under the Securities Act, and have marked and initialed the appropriate box or boxes below indicating the provision(s) under which we/I qualify as an “accredited investor.”

 

B. AFFILIATE STATUS

(Please check the applicable box)

 

SUBSCRIBER:

 

	 	 ̈	is:

 

	 	 ̈	is not:

 

an “affiliate” (as defined
in Rule 144 under the Securities Act) of the Issuer or acting on behalf of an affiliate of the Issuer.

 

Rule 501(a), in relevant part, states
that an “accredited investor” shall mean any person who comes within any of the below listed categories, or who the
issuer reasonably believes comes within any of the below listed categories, at the time of the sale of the securities to that person.
Subscriber has indicated, by marking and initialing the appropriate box below, the provision(s) below which apply to Subscriber
and under which Subscriber accordingly qualifies as an “accredited investor.”

 

	 ̈	Any bank as defined in Section 3(a)(2) of the Securities Act, or any savings and loan association or other institution as defined in Section 3(a)(5)(A) of the Securities Act whether acting in its individual or fiduciary capacity;

 

	 ̈	Any broker or dealer registered pursuant to Section 15 of the Securities Exchange Act of 1934;

 

	 ̈	Any insurance company as defined in Section 2(a)(13) of the Securities Act;

 

	 ̈	Any investment company registered under the Investment Company Act of 1940 or a business development company as defined in Section 2(a)(48) of that Act;

 

	 ̈	Any Small Business Investment Company licensed by the U.S. Small Business Administration under Section 301(c) or (d) of the Small Business Investment Act of 1958;

 

     

     

    

 

	 ̈	Any plan established and maintained by a state, its political subdivisions, or any agency or instrumentality of a state or its political subdivisions, for the benefit of its employees, if such plan has total assets in excess of $5,000,000;

 

	 ̈	Any employee benefit plan within the meaning of the Employee Retirement Income Security Act of 1974 if the investment decision is made by a plan fiduciary, as defined in Section 3(21) of such act, which is either a bank, savings and loan association, insurance company, or registered investment adviser, or if the employee benefit plan has total assets in excess of $5,000,000 or, if a self-directed plan, with investment decisions made solely by persons that are accredited investors;

 

	 ̈	Any private business development company as defined in Section 202(a)(22) of the Investment Advisers Act of 1940;

 

	 ̈	Any natural person whose individual net worth, or joint net worth with that person’s spouse, exceeds $1,000,000, with net worth calculated as set forth by Rule 501(a)(5)(i) under the Securities Act;

 

	 ̈	Any natural person who has an individual income in excess of $200,000 in each of the two most recent years or joint income with that person’s spouse in excess of $300,000 in each of those years and has a reasonable expectation of reaching the same income level in the current year;

 

	 ̈	Any organization described in Section 501(c)(3) of the Internal Revenue Code, corporation, Massachusetts or similar business trust, or partnership, not formed for the specific purpose of acquiring the securities offered, with total assets in excess of $5,000,000; or

 

	 ̈	Any trust, with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring the securities offered, whose purchase is directed by a sophisticated person as described in Rule 506(b)(2)(ii).

 

     

     

    

 

Exhibit A

 

NO TRANSFER, SALE, ASSIGNMENT,
PLEDGE, HYPOTHECATION OR OTHER DISPOSITION OF THE ACQUIRED SHARES OR ANY INTEREST OR PARTICIPATION THEREIN MAY BE MADE EXCEPT (A) PURSUANT
TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 (THE “ACT”) OR (B) PURSUANT TO
AN EXEMPTION FROM REGISTRATION UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS AND, IN THE CASE OF CLAUSE (B), UNLESS, IF THE
ISSUER REQUESTS, THE ISSUER RECEIVES AN OPINION OF COUNSEL IN FORM AND SUBSTANCE REASONABLY SATISFACTORY TO THE ISSUER TO THE EFFECT
THAT REGISTRATION IS NOT REQUIRED UNDER THE ACT.

 

Any transferee of the Acquired
Shares or any interest therein, by its acceptance thereof, shall be deemed to have made the representations set forth in Section 4 of
the Subscription Agreement (other than the representations set forth in Section 4(f), the first two sentences
of Section 4(j) and Section 4(p)). The Issuer shall not be required to register the transfer
of any Acquired Shares to any transferee unless the Issuer receives from the proposed transferee a written instrument in form and
substance reasonably satisfactory to the Issuer in which such transferee makes the representations and warranties set forth in Section 4 of
the Subscription Agreement (other than the representations set forth in Section 4(f), the first two sentences
of Section 4(j) and Section 4(p)) and, if the Issuer so requests, an opinion of counsel
in form and substance reasonably satisfactory to the Issuer to the effect that registration under the Securities Act is not required
in connection with such transfer; provided, that no opinion of counsel will be required for a pledge of the Acquired
Shares if the Issuer receives a representation from the pledgor and pledgee that the pledge is a bona fide pledge and, in the event
that the pledgee acquires the shares that are the subject of the pledge, the pledgee agrees to the representations and warranties
set forth in Section 4 of the Subscription Agreement. The foregoing shall not apply to any sale of the Acquired Shares made
in accordance with Rule 144; provided, that the transferor of the Acquired Shares provides to the Issuer such representations
with respect to compliance as is reasonably requested by the Issuer.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00312-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00312-of-00352.parquet"}]]