EX-4.2





 Exhibit 4.2 

WARRANT ASSUMPTION AGREEMENT 

This Warrant Assumption Agreement (this “Warrant Assumption Agreement”) is entered into as of [●], 2021, by and among
Foley Trasimene Acquisition Corp. II, a Delaware corporation (“FTAC”), Paysafe Limited, an exempted limited company incorporated under the laws of Bermuda (the “Company”), and Continental Stock Transfer &
Trust Company, a New York corporation (the “Warrant Agent”). 
 WHEREAS, FTAC and the Warrant Agent are parties to that
certain Warrant Agreement dated as of August 21, 2020 (the “Warrant Agreement”; capitalized terms used but not otherwise defined herein shall have the meanings given to such terms in the Merger Agreement (as defined below));

 WHEREAS, FTAC, the Company, Paysafe Merger Sub Inc., a Delaware corporation and direct, wholly owned subsidiary of the Company
(“Merger Sub”), Paysafe Bermuda Holding LLC, a Bermuda exempted limited liability company and subsidiary of the Company (the “LLC”) and certain other parties named therein are parties to that certain Agreement and
Plan of Merger dated as of December 7, 2020 (as it may be amended, supplemented or otherwise modified from time to time, the “Merger Agreement”), pursuant to which, subject to the terms and conditions set forth therein, Merger
Sub will merge with and into FTAC, with FTAC being the surviving corporation in the merger and an indirect subsidiary of the Company (the “Merger”); 

WHEREAS, pursuant to the terms and conditions of each of the Warrant Agreement and the Merger Agreement, at the effective time of the Merger
(the “Effective Time”), by virtue of the Merger and without any action on the part of any holder of Non-Founder FTAC Warrants, each Non-Founder FTAC
Warrant that is outstanding immediately prior to the Effective Time shall be assumed by the Company and will automatically and irrevocably be modified to provide that such Non-Founder FTAC Warrant shall no
longer entitle the holder thereof to purchase the amount of share(s) of FTAC Common Stock set forth therein and in substitution thereof such Non-Founder FTAC Warrant shall entitle the holder thereof to acquire
such number of Company Common Shares per Non-Founder FTAC Warrant, subject to adjustments as provided in the Warrant Agreement, that such holder would have received pursuant to the terms and conditions of the
Warrant Agreement if such holder had exercised his, her or its Non-Founder FTAC Warrants immediately prior to the Transactions; and 

WHEREAS, as a result of this Warrant Assumption Agreement, each Non-Founder FTAC Warrant will be
exchanged for a warrant to purchase Company Common Shares pursuant to the terms and conditions of the Warrant Agreement. 
 NOW, THEREFORE,
in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, FTAC, the Company and the Warrant Agent hereby agree as follows: 

1. Assignment and Assumption. 

(a) Upon and subject to the occurrence of the Effective Time, FTAC hereby assigns, and the Company hereby assumes, the rights and obligations
of FTAC under the Warrant Agreement and the Non-Founder FTAC Warrants, including the obligation to issue Company Common Shares upon the exercise of the Non-Founder FTAC
Warrants, and the Company hereby agrees to faithfully perform, satisfy and discharge when due, the liabilities and obligations of FTAC under the Warrant Agreement and the Non-Founder FTAC Warrants. As a result
of the preceding sentence, upon and subject to the occurrence of the Effective Time, each Non-Founder FTAC Warrant will be exchanged for a warrant to purchase Company Common Shares pursuant to the terms and
conditions of the Warrant Agreement. 












 (b) The Company acknowledges and agrees that, subject to the terms of the Warrant Agreement,
the Non-Founder FTAC Warrants and this Warrant Assumption Agreement, the Warrant Agreement and the Non-Founder FTAC Warrants shall continue in full force and effect and
that all of FTAC’s obligations thereunder shall be valid and enforceable as against the Company upon consummation of the Merger and shall not be impaired or limited by the execution or effectiveness of this Warrant Assumption Agreement. 

(c) Notwithstanding anything to the contrary herein or in the Warrant Agreement, if any Warrant shall remain unexercised immediately before
the conclusion of the Exercise Period specified in the Warrant Agreement (including any extension of such Exercise Period), such Warrant shall, automatically and without the necessity of any action on the part of any person, be transferred to the
LLC and thereupon exercised by the LLC on a “cashless basis” by exchanging such Warrant for common shares of the Company in accordance with Sections 7.4 and 3.1 of the Warrant Agreement. 

(d) This Warrant Assumption Agreement is being executed and delivered pursuant and subject to the Warrant Agreement. Nothing in this Warrant
Assumption Agreement shall, or shall be deemed to, defeat, limit, alter, impair, enhance or enlarge any right, obligation, claim or remedy created by the Warrant Agreement or any other document or instrument delivered pursuant to or in connection
with it. 
 (e) The choice of law and jurisdiction provisions set forth in the Warrant Agreement and this Warrant Assumption Agreement shall
continue to govern the rights and obligations of the Parties to the Warrant Agreement and this Warrant Assumption Agreement in all respects. The Company hereby waives any objection to the jurisdiction provision governing the terms of the Warrant
Agreement and this Warrant Assumption Agreement. 
 2. Miscellaneous. 

(a) Governing Law and Jurisdiction. The validity, interpretation, and performance of this Warrant Assumption Agreement shall be
governed in all respects by the laws of the State of New York, without giving effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction. The Company hereby agrees that any action,
proceeding or claim against it arising out of or relating in any way to this Warrant Assumption 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. The Company hereby waives any objection to such jurisdiction and that such courts represent an inconvenient forum. Any such process or summons to be served upon the Company may be served by transmitting
a copy thereof by registered or certified mail, return receipt requested, postage prepaid, addressed to Cogency Global Inc. at the address set forth below: 

Cogency Global Inc. 
 122 E 42nd
Street, 18th Floor 
 New York, NY 10168 

with a copy to: 
 c/o Paysafe
Group Holdings Limited 
 Floor 27, 25 Canada Square 

London, England, E14 5LQ 
 Attn:
Elliott Wiseman 
 Group General Counsel & Chief Compliance Officer 

E-mail: [email address] 

  
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 with a copy to: 

Simpson Thacher & Bartlett LLP 

425 Lexington Avenue 
 New York,
NY 10017 
 Attn: Elizabeth Cooper Katherine Krause 

E-mail: [email address] 

             [email address] 

or to such other address or addresses as the parties may from time to time designate in writing. The Company herewith irrevocably appoints [name] as its agent
for service of process in relation to this Warrant Assumption Agreement or the Warrant Agreement. 
 (b) Binding Effect. This Warrant
Assumption Agreement shall be binding upon and inure to the benefit of the parties hereto and to their respective successors and assigns. 

(c) Entire Agreement. This Warrant Assumption Agreement sets forth the entire agreement and understanding between the parties as to the
subject matter thereof and merges and supersedes all prior discussions, agreements and understandings of any and every nature among them. Except as expressly set forth in this Warrant Assumption Agreement, provisions of the Warrant Agreement which
are not inconsistent with this Warrant Assumption Agreement shall remain in full force and effect. This Warrant Assumption 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. 
 (d)
Severability. This Warrant Assumption 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 Warrant Assumption 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 Warrant Assumption Agreement a provision as similar in terms to such
invalid or unenforceable provision as may be possible and be valid and enforceable. 
 (e) Amendment. This Warrant Assumption
Agreement may not be amended, except by an instrument in writing signed by each party hereto. 
 (f) Termination. If the Merger
Agreement is terminated in accordance with its terms before the Effective Time, this Warrant Assumption Agreement shall immediately terminate and cease to have any force or effect, without any liability on the part of any party hereto, as if this
Warrant Assumption Agreement had not been executed and delivered. 
 [SIGNATURE PAGES FOLLOW] 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Warrant Assumption
Agreement as of the date first written above. 
  

			
	PAYSAFE LIMITED


 
			
		
	 By:
	 	
 





			
	 Name:
	 	
	 Title:
	 	
	
	FOLEY TRASIMENE ACQUISITION CORP. II


 
			
		
	 By:
	 	
 





			
	 Name:
	 	
	 Title:
	 	
	
	CONTINENTAL STOCK TRANSFER & TRUST COMPANY


 
			
		
	 By:
	 	
 





			
	 Name:
	 	
	 Title:
	 	



  
 [Signature Page to
Warrant Assumption Agreement]