Paysafe Ltd

Paysafe Limited was incorporated under the laws of Bermuda on November 23, 2020 for the purpose of effectuating the Transaction described herein and became the parent company of the combined business following the consummation of the Transaction, which was consummated on March 30, 2021. On December 7, 2020, Foley Trasimene Acquisition Corp. II, a Delaware corporation ( FTAC ), Paysafe Limited, an exempted limited company incorporated under the laws of Bermuda ( Paysafe Limited ), Merger Sub Inc., a Delaware corporation and direct, wholly owned subsidiary of Paysafe Limited ( Merger Sub ), Paysafe Bermuda Holding LLC, a Bermuda exempted limited liability company (the LLC ), Pi Jersey Holdco 1.5 Limited, a private limited company incorporated under the laws of Jersey, Channel Islands (the Accounting Predecessor ), and Paysafe Group Holdings Limited, a private limited company incorporated under the laws of England and Wales ( PGHL ), entered into the Agreement and Plan of Merger (the Merger Agreement ).