Document:

Exhibit 10.4

  

Execution Version

 

Company Members
SUPPORT AGREEMENT

 

This Support Agreement (this
“Agreement”), dated as of July, 11, 2022, is entered into by and among Fast Acquisition Corp. II, a Delaware corporation
(“SPAC”), Palm Holdco, Inc., a Delaware corporation (“Pubco”), Falcon’s Beyond Global, LLC,
a Florida limited liability company (the “Company”) and certain of the unitholders of the Company, whose names appear
on the signature pages of this Agreement (such unitholders, the “Unitholders”, and SPAC, the Company and the Unitholders,
each a “Party”, and collectively, the “Parties”). Capitalized terms used but not defined herein
shall have the respective meanings ascribed to such terms in the Merger Agreement.

 

RECITALS

 

WHEREAS, concurrently
with the execution and delivery of this Agreement, SPAC, the Company, Pubco and Palm Merger Sub, LLC, a Delaware corporation (“Merger
Sub”), have entered into an Agreement and Plan of Merger (as amended or modified from time to time, the “Merger Agreement”),
dated as of the date hereof, pursuant to which, among other transactions, SPAC will merge with and into Pubco (the “SPAC Merger”),
with Pubco surviving as the sole owner of Merger Sub, and following the SPAC Merger, Merger Sub will merge with and into the Company
(the “Acquisition Merger”), with the Company as the surviving entity of such merger, on the terms and conditions set
forth therein;

 

WHEREAS, as of the
date hereof, each Unitholder is the record and “beneficial owner” (as such term is used herein, within the meaning of Rule
13d-3 under the Securities Exchange Act of 1934, as amended (together with the rules and regulations promulgated thereunder, the “Exchange
Act”)) of, and is entitled to dispose of and vote, the number of Company Units set forth opposite such Unitholder’s name
on Schedule 1 of this Agreement (collectively, with respect to each Unitholder, such Unitholder’s “Owned Units”;
and such Owned Units, together with (1) any additional Company Units (or any securities convertible into or exercisable or exchangeable
for Company Units) in which such Unitholder acquires record and beneficial ownership after the date hereof, including by purchase, as
a result of a unit dividend, unit split, recapitalization, combination, reclassification, exchange or change of such units, or upon exercise
or conversion of any securities and (2) any additional Company Units with respect to which such Unitholder has the right to vote through
a proxy, the “Covered Units”); and

 

WHEREAS, as a condition
and inducement to the willingness of SPAC and Pubco to enter into the Merger Agreement, the Company and the Unitholders are entering into
this Agreement.

 

    

     

    

 

AGREEMENT

 

NOW, THEREFORE, in
consideration of the foregoing and the mutual covenants and agreements herein contained, and intending to be legally bound hereby, SPAC,
Pubco, the Company and each Unitholder hereby agree as follows:

 

1. Agreement
to Vote. Subject to the earlier termination of this Agreement in accordance with Section 4, the Unitholder, solely in
his, her or its capacity as a unitholder or proxy holder of the Company, irrevocably and unconditionally agrees, and agrees to cause any
other holder of record of any of the Unitholder’s Covered Units, to validly execute and deliver to the Company in respect of all
of the Unitholder’s Covered Units, on (or effective as of) the third (3rd) Business Day following the date that the Consent Solicitation
Statement is disseminated to the Company’s unitholders, a written consent in respect of all of the Unitholder’s Covered Units
approving the Acquisition Merger, the Merger Agreement, the other transactions contemplated thereby and any other matters necessary or
reasonably requested by the Company for consummation of the Acquisition Merger and the other transactions contemplated by the Merger Agreement.
In addition, prior to the Termination Date (as defined herein), the Unitholder, in his, her or its capacity as a unitholder or proxy holder
of the Company, irrevocably and unconditionally agrees that, at any other meeting of the unitholders of the Company (whether annual or
special and whether or not an adjourned or postponed meeting, however called and including any adjournment or postponement thereof) and
in connection with any written consent of unitholders of the Company, such Unitholder shall, and shall cause any other holder of record
of any of such Unitholder’s Covered Units to:

 

(a) when
such meeting is held, appear at such meeting or otherwise cause the Unitholder’s Covered Units to be counted as present thereat
for the purpose of establishing a quorum;

 

(b) vote
(or execute and return an action by written consent), or cause to be voted at such meeting (or validly execute and return and cause such
consent to be granted with respect to), all of such Unitholder’s Covered Units owned as of the record date for such meeting (or
the date that any written consent is executed by such Unitholder) in favor of the Acquisition Merger, the adoption of the Merger Agreement,
the adoption of the A&R Articles of Organization, the adoption of the A&R Operating Agreement, and any other matters necessary
or reasonably requested by the Company for consummation of the Acquisition Merger and the other transactions contemplated by the Merger
Agreement;

 

(c) in
any other circumstances upon which a consent or other approval is required under the Company Organizational Documents or otherwise sought
with respect to the Merger Agreement or the other transactions contemplated by the Merger Agreement in furtherance of the Unitholder’s
obligations set forth in this Agreement, vote, consent or approve (or cause to be voted, consented or approved) all of such Unitholder’s
Covered Units held at such time in favor thereof;

 

(d) vote
(or execute and return an action by written consent), or cause to be voted at such meeting (or validly execute and return and cause such
consent to be granted with respect to), all of such Unitholder’s Covered Units against (i) any Acquisition Proposal and (ii) any
other action that would reasonably be expected to (w) impede, interfere with, delay, frustrate, prevent, postpone or adversely affect
the Acquisition Merger or any of the other transactions contemplated by the Merger Agreement, (x) result in a breach of any covenant,
representation or warranty or other obligation or agreement of the Company under the Merger Agreement, (y) result in a breach of any covenant,
representation or warranty or other obligation or agreement of such Unitholder contained in this Agreement or (z) result in any of the
conditions set forth in Article IX of the Merger Agreement not being fulfilled.

 

    2

     

    

 

2. Closing Date Deliverables.
On the Acquisition Merger Closing Date, each Unitholder shall deliver to SPAC and the Company a duly executed copy of (a) the Registration
Rights Agreement and (b) the A&R Operating Agreement.

 

3. No
Inconsistent Agreements. Each Unitholder hereby covenants and agrees that such Unitholder shall not (i) enter into any voting
agreement or voting trust with respect to any of such Unitholder’s Covered Units that is inconsistent with such Unitholder’s
obligations pursuant to this Agreement, (ii) grant a proxy or power of attorney with respect to any of such Unitholder’s Covered
Units that is inconsistent with such Unitholder’s obligations pursuant to this Agreement, (iii) enter into any agreement or undertaking
that is otherwise inconsistent with, or would interfere with, or prohibit or prevent it from satisfying, its obligations pursuant to this
Agreement, (iv) take or permit to take any other action that would in any way interfere with, or prohibit or prevent it from satisfying,
its obligations pursuant to this Agreement or (v) knowingly approve or consent to any of the foregoing. Any action taken in violation
of the foregoing sentence shall be null and void and the Unitholder agrees that any such prohibited action may and shall be enjoined.

 

4. Termination.
This Agreement shall terminate upon the earliest of (i) the Effective Time, (ii) the termination of the Merger Agreement in accordance
with its terms, and (iii) the time this Agreement is terminated upon the mutual written agreement of the Company, SPAC, Pubco and the
Unitholder (the earliest such date under clause (i), (ii) and (iii) being referred to herein as the “Termination Date”)
and the representations, warranties, covenants and agreements contained in this Agreement and in any certificate or other writing delivered
pursuant hereto shall not survive the Closing or the termination of this Agreement; provided, that the provisions set forth in
Sections 11 through 22 shall survive the termination of this Agreement.

 

5. Representations
and Warranties of the Unitholders. Each Unitholder hereby represents and warrants (severally, and not jointly, as to itself
only) to the SPAC as follows:

 

(a) Such
Unitholder is the sole beneficial owner (within the meaning of Rule 13d-3 under the Exchange Act) of, and has good, valid and marketable
title to or has a valid proxy to vote such Unitholder’s Covered Units, free and clear of any Liens (other than as created by this
Agreement). As of the date hereof, other than the Owned Units set forth opposite such Unitholder’s name on Schedule 1, such
Unitholder does not own beneficially or of record any Company Units (or any securities convertible into Company Units) or any interest
therein.

 

(b) Such
Unitholder, in each case except as provided in this Agreement or the Company Organizational Documents, (i) has full voting power, full
power of disposition and full power to issue instructions with respect to the matters set forth herein whether by ownership or by proxy,
in each case, with respect to such Unitholder’s Covered Units, (ii) has not entered into any voting agreement or voting trust, and
has no knowledge and is not aware of any such voting agreement or voting trust in effect with respect to any of such Unitholder’s
Covered Units that is inconsistent with such Unitholder’s obligations pursuant to this Agreement, (iii) has not granted a proxy
or power of attorney with respect to any of such Unitholder’s Covered Units that is inconsistent with such Unitholder’s obligations
pursuant to this Agreement, and has no knowledge and is not aware of any such proxy or power of attorney in effect, and (iv) has not entered
into any agreement or undertaking that is otherwise inconsistent with, or would interfere with, or prohibit or prevent it from satisfying,
its obligations pursuant to this Agreement, and has no knowledge and is not aware of any such agreement or undertaking.

 

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(c) Such
Unitholder affirms that (i) if the Unitholder is a natural person, he or she has all the requisite power and authority and has taken all
action necessary in order to execute and deliver this Agreement, to perform his or her obligations hereunder and to consummate the transaction
contemplated hereby, and (ii) if the Unitholder is not a natural person, (A) is a legal entity duly organized, validly existing and, to
the extent such concept is applicable, in good standing under the Laws of the jurisdiction of its organization, and (B) has all requisite
corporate or other power and authority and has taken all corporate or other action necessary in order to, execute, deliver and perform
its obligations under this Agreement and to consummate the transactions contemplated hereby. This Agreement has been duly executed and
delivered by such Unitholder and, subject to the due execution and delivery of this Agreement by each other Party hereto, constitutes
a legally valid and binding agreement of such Unitholder enforceable against the Unitholder in accordance with the terms hereof (except
as enforceability may be limited by bankruptcy Laws or other similar Laws affecting creditors’ rights and general principles of
equity affecting the availability of specific performance and other equitable remedies).

 

(d) Other
than the filings, notices and reports pursuant to, in compliance with or required to be made under the Exchange Act, no filings, notices,
reports, consents, registrations, approvals, permits, waivers, expirations of waiting periods or authorizations are required to be obtained
by such Unitholder from, or to be given by such Unitholder to, or be made by such Unitholder with, any Governmental Authority in connection
with the execution, delivery and performance by such Unitholder of this Agreement, the consummation of the transactions contemplated hereby
or the Acquisition Merger or the other transactions contemplated by the Merger Agreement.

 

(e) The
execution, delivery and performance of this Agreement by such Unitholder does not, and the consummation of the transactions contemplated
hereby and the Acquisition Merger and the other transactions contemplated by the Merger Agreement will not, constitute or result in (i)
a breach or violation of, or a default under, the organizational documents of such Unitholder (if such Unitholder is not a natural person),
(ii) with or without notice, lapse of time or both, a breach or violation of, a termination (or right of termination) of or a default
under, the loss of any benefit under, the creation, modification, cancellation or acceleration of any obligations under or the creation
of a Lien on any of the properties, rights or assets of such Unitholder pursuant to any Contract binding upon such Unitholder or, assuming
(solely with respect to performance of this Agreement and the transactions contemplated hereby), compliance with the matters referred
to in Section 5(d), under any applicable Law to which such Unitholder is subject or (iii) any change in the rights or obligations
of any party under any Contract legally binding upon such Unitholder, except, in the case of clause (ii) or (iii) directly above, for
any such breach, violation, termination, default, creation, acceleration or change that would not, individually or in the aggregate, reasonably
be expected to prevent, delay or impair such Unitholder’s ability to perform its obligations hereunder or to consummate the transactions
contemplated hereby, the consummation of the Acquisition Merger or the other transactions contemplated by the Merger Agreement.

 

(f) As
of the date of this Agreement, there is no action, proceeding or investigation pending against such Unitholder or, to the knowledge of
such Unitholder, threatened against such Unitholder that, in any manner, questions the beneficial or record ownership of the Unitholder’s
Covered Units or the validity of this Agreement, or challenges or seeks to prevent, enjoin or materially delay the performance by such
Unitholder of its obligations under this Agreement.

 

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(g) The
Unitholder is a sophisticated unitholder and has adequate information concerning the business and financial condition of SPAC and the
Company to make an informed decision regarding this Agreement and the other transactions contemplated by the Merger Agreement and has
independently, based on such information as the Unitholder has deemed appropriate, made its own analysis and decision to enter into this
Agreement. The Unitholder acknowledges that SPAC and the Company have not made and do not make any representation or warranty, whether
express or implied, of any kind or character except as expressly set forth in this Agreement. The Unitholder acknowledges that the agreements
contained herein with respect to the Covered Units held by the Unitholder are irrevocable.

 

(h) Such
Unitholder understands and acknowledges that SPAC is entering into the Merger Agreement in reliance upon such Unitholder’s execution
and delivery of this Agreement and the representations, warranties, covenants and other agreements of such Unitholder contained herein.

 

(i) No
investment banker, broker, finder or other intermediary is entitled to any broker’s, finder’s, financial advisor’s or
other similar fee or commission for which SPAC or the Company is or could be liable in connection with the Merger Agreement or this Agreement
or any of the respective transactions contemplated hereby or thereby, in each case based upon arrangements made by such Unitholder in
his, her or its capacity as a unitholder or, to the knowledge of such Unitholder, on behalf of such Unitholder in his, her or its capacity
as a unitholder.

 

6. Certain
Covenants of the Unitholders. Except in accordance with the terms of this Agreement, each Unitholder hereby covenants and agrees
as follows:

 

(a) No
Solicitation. The Unitholder shall not, and, to the extent applicable shall cause its Subsidiaries and Affiliates not to, and shall
use its reasonable best efforts to cause its Representatives not to, directly or indirectly, (i) initiate, solicit or knowingly encourage
or knowingly facilitate any inquiries or requests for information with respect to, or the making of, any inquiry regarding, or any proposal
or offer that constitutes, or would reasonably be expected to result in or lead to, any Acquisition Proposal, (ii) engage in, continue
or otherwise participate in any negotiations or discussions concerning, or provide access to its properties, books and records or any
confidential information or data to, any Person relating to any proposal, offer, inquiry or request for information that constitutes,
or would reasonably be expected to result in or lead to, any Acquisition Proposal, (iii) approve, endorse or recommend, or propose publicly
to approve, endorse or recommend, any Acquisition Proposal, (iv) execute or enter into, any letter of intent, memorandum of understanding,
agreement in principle, confidentiality agreement, merger agreement, acquisition agreement, exchange agreement, joint venture agreement,
partnership agreement, option agreement or other similar agreement for or relating to any Acquisition Proposal or (v) resolve or agree
to do any of the foregoing. The Unitholder also agrees that it shall, and shall cause each of its Subsidiaries and Affiliates to, and
shall use its reasonable best efforts to cause its and their Representatives to, cease any solicitations, discussions or negotiations
with any Person (other than the parties hereto and their respective Representatives) conducted heretofore in connection with an Acquisition
Proposal or any inquiry or request for information that would reasonably be expected to lead to, or result in, an Acquisition Proposal
and shall terminate any such Person’s and such Person’s Representative’s access to any electronic data room. The Unitholder
shall promptly (and in any event within one (1) Business Day) notify, in writing, SPAC of the receipt of any inquiry, proposal, offer
or request for information received after the date hereof that constitutes, or could reasonably be expected to result in or lead to, any
Acquisition Proposal, which notice shall include a summary of the material terms of, and the identity of the Person or group of Persons
making, such inquiry, proposal, offer or request for information and an unredacted copy of any Acquisition Proposal or inquiry, proposal
or offer made in writing or, if not in writing, a written description of the material terms and conditions of such inquiry, proposal or
offer (and shall include any other documents evidencing or specifying the terms of such proposal, offer, inquiry or request). The Unitholder
shall promptly (and in any event within one (1) Business Day) keep SPAC reasonably informed of any material developments with respect
to any such inquiry, proposal, offer, request for information or Acquisition Proposal (including any material changes thereto and copies
of any additional written materials received by the Unitholder, its Subsidiaries or their respective Representatives). Without limiting
the foregoing, it is understood that any violation of the restrictions contained in this Section ‎6(a)
by any of the Unitholder’s Subsidiaries or Affiliates, or any of the Unitholder’s or its Subsidiaries’ (or its and their
respective Affiliates’) respective Representatives acting on the Unitholder’s or one of its Subsidiaries’ behalf, shall
be deemed to be a breach of this ‎Section ‎6(a)
by the Unitholder.

 

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(b) Each
Unitholder hereby agrees, prior to the Termination Date, not to (except in each case in connection with the transactions contemplated
in the Merger Agreement), (i) directly or indirectly, (a) sell, transfer, pledge, encumber, assign, hedge, swap, convert or otherwise
dispose of (including by merger (including by conversion into securities or other consideration), by tendering into any tender or exchange
offer, by testamentary disposition, by operation of Law or otherwise), either voluntarily or involuntarily (collectively, “Transfer”),
or (b) enter into any Contract or option with respect to the Transfer of, any of such Unitholder’s Covered Units, or (ii) publicly
announce any intention to effect any transaction specified in clauses (a) or (b), or (iii) take any action that would make any representation
or warranty of such Unitholder contained herein untrue or incorrect or have the effect of preventing or disabling such Unitholder from
performing its obligations under this Agreement; provided, however, that nothing herein shall prohibit a Transfer to an
Affiliate of the Unitholder or to another Unitholder of the Company that becomes a party to this Agreement and bound by the terms and
obligations hereof (a “Permitted Transfer”); provided, further, that any Permitted Transfer shall be
permitted only if, as a precondition to such Transfer, the transferee agrees in a writing, reasonably satisfactory in form and substance
to SPAC, to assume all of the obligations of the Unitholder under, and be bound by all of the terms of, this Agreement; provided,
further, that any Transfer permitted under this Section 6(b) shall not relieve the Unitholder of its obligations under this
Agreement. Any Transfer in violation of this Section 6(b) with respect to the Unitholder’s Covered Units shall be null and
void.

 

(c) From
the date of this Agreement until the earlier of the Acquisition Merger Closing or the termination of the Merger Agreement in accordance
with its terms, the Unitholders shall not engage in any transactions involving the securities of the SPAC.

 

(d) Each
Unitholder covenants and agrees to execute and deliver the A&R Operating Agreement on the Acquisition Merger Closing Date.

 

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(e) Each
Unitholder hereby authorizes the Company to maintain a copy of this Agreement at either the executive office or the registered office
of the Company.

 

7. Further
Assurances. From time to time, at SPAC’s request and without further consideration, each Unitholder shall execute and
deliver such additional documents and take all such further action as may be reasonably necessary or reasonably requested to effect the
actions and consummate the transactions contemplated by the Merger Agreement and this Agreement; provided that the foregoing obligation
shall not require such Unitholder to forfeit any economic rights (other than as expressly provided therein or herein), grant any concession,
or incur monetary liability (other than reasonable transaction expenses).

 

8. Changes
in Capital Stock. In the event (i) of a unit split, unit dividend or distribution, or any change in Company Units by reason
of any split-up, reverse unit split, recapitalization, combination, reclassification, exchange of units or the like, (ii) the Unitholder
purchases or otherwise acquires beneficial ownership of any Company Units or (iii) the Unitholder acquires the right to vote or share
in the voting of any Company Units, the terms “Owned Units” and “Covered Units” shall be deemed to refer to and
include such units as well as all such unit dividends and distributions and any securities into which or for which any or all of such
units may be changed or exchanged or which are received in such transaction.

 

9. Amendment
and Modification. This Agreement may not be amended, modified or supplemented in any manner, whether by course of conduct or
otherwise, except by an instrument in writing signed by SPAC, Pubco, the Company and the applicable Unitholder.

 

10. Waiver.
No failure or delay by any party hereto exercising any right, power or privilege hereunder shall operate as a waiver thereof nor shall
any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege.
The rights and remedies of the Parties hereto hereunder are cumulative and are not exclusive of any rights or remedies which they would
otherwise have hereunder. Any agreement on the part of a Party hereto to any such waiver shall be valid only if set forth in a written
instrument executed and delivered by such Party.

 

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11. Notices.
All notices and other communications hereunder shall be in writing and shall be deemed given if delivered personally, by email (with confirmation
of receipt) or sent by a nationally recognized overnight courier service, such as Federal Express, to the Parties hereto at the following
addresses (or at such other address for a Party as shall be specified by like notice made pursuant to this Section 12):

 

if to the Unitholder, to the address or email address
set forth opposite such Unitholder’s name on Schedule 1, or in the absence of such address or email address being set
forth on Schedule 1, the address (including email) set forth in the Company’s books and records.

 

if to the Company or Pubco, to it
at:

 

6996 Piazza Grande Avenue, Suite 301

Orlando, FL 32835

		Attn:	Scott Demerau

Cecil Magpuri

Email: notices@falconsbeyond.com

 

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

 

White & Case LLP

1221 Avenue of the Americas

New York, NY 10020

		Attn:	Matthew Kautz

 James Hu

		Email:	[Redacted]

 [Redacted]

 

if to SPAC, to it at:

 

 

109 Old Branchville Road

Ridgefield, CT 06877

		Attn:	Doug Jacob

Garett Schreiber

		Email:	[Redacted]

[Redacted]

 

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

 

Gibson, Dunn & Crutcher LLP

200 Park Avenue

New York, NY 10166

		Attn:	Stefan G. dePozsgay

Evan M. D’Amico

Andrew Fabens

		Email:	[Redacted]

[Redacted]

[Redacted]

 

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12. No
Ownership Interest. Nothing contained in this Agreement shall be deemed to vest in SPAC any direct or indirect ownership or
incidence of ownership of or with respect to the Covered Units of the Unitholder. All rights, ownership and economic benefits of and relating
to the Covered Units of the Unitholder shall remain vested in and belong to the Unitholder, and SPAC shall have no authority to direct
the Unitholder in the voting or disposition of any of the Unitholder’s Covered Units, except as otherwise provided herein.

 

13. Entire
Agreement; Time of Effectiveness. This Agreement, the Merger Agreement and the other Ancillary Agreements and the agreements
referenced herein and therein constitute the entire agreement of the parties hereto in respect of the subject matter hereof and thereof
and supersede any other agreements, whether written or oral, that may have been made or entered into by or among any of the parties hereto
or any of their respective Subsidiaries relating to the transactions contemplated hereby or thereby.

 

14. No
Third-Party Beneficiaries. The Unitholder hereby agrees that its representations, warranties and covenants set forth herein
are solely for the benefit of SPAC in accordance with and subject to the terms of this Agreement, and this Agreement is not intended to,
and does not, confer upon any Person other than the parties hereto any rights or remedies hereunder, including the right to rely upon
the representations and warranties set forth herein, and the parties hereto hereby further agree that this Agreement may only be enforced
against, and any Action that may be based upon, arise out of or relate to this Agreement, or the negotiation, execution or performance
of this Agreement may only be made against, the Persons expressly named as parties hereto.

 

15. Governing
Law and Venue; Service of Process; Waiver of Jury Trial.

 

(a) This
Agreement, and all claims or causes of action based upon, arising out of or related to any representation or warranty made in or in connection
with this Agreement or the transactions contemplated hereby, shall be governed by, and construed in accordance with, the Laws of the State
of Delaware, without giving effect to principles or rules of conflict of laws to the extent such principles or rules would require or
permit the application of Laws of another jurisdiction.

 

(b) Any
Action based upon, arising out of or related to this Agreement, or the transactions contemplated hereby (whether in contract, tort or
otherwise), shall be brought in the Court of Chancery of the State of Delaware or, if such court declines to exercise jurisdiction, any
federal or state court located in the State of Delaware, and each of the parties irrevocably submits to the exclusive jurisdiction of
each such court in any such Action, waives any objection it may now or hereafter have to personal jurisdiction, venue or to convenience
of forum, agrees that all claims in respect of the Action shall be heard and determined only in any such court, and agrees not to bring
any Action arising out of or relating to this Agreement or the transactions contemplated hereby in any other court. Nothing herein contained
shall be deemed to affect the right of any party to serve process in any manner permitted by Law, or to commence legal proceedings or
otherwise proceed against any other party in any other jurisdiction, in each case, to enforce judgments obtained in any Action brought
pursuant to this Section 15. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY ACTION
BASED UPON, ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

 

16. Assignment;
Successors. Neither this Agreement nor any of the rights, interests or obligations hereunder will be assigned (including by
operation of law) without the prior written consent of the parties hereto. Any attempted assignment in violation of the terms of this
Section 16 shall be null and void, ab initio. This Agreement shall be binding upon, inure to the benefit of and be enforceable
by the parties hereto and their respective successors and permitted assigns.

 

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17. Enforcement.
The parties agree that irreparable damage for which monetary damages, even if available, would not be an adequate remedy, would occur
in the event that the parties do not perform their obligations under the provisions of this Agreement (including failing to take such
actions as are required of them hereunder to consummate this Agreement) in accordance with its specified terms or otherwise breach such
provisions. The parties acknowledge and agree that (a) the parties shall be entitled to an injunction, specific performance, or other
equitable relief, to prevent breaches of this Agreement and to enforce specifically the terms and provisions hereof, without proof of
damages, prior to the valid termination of this Agreement in accordance with Section 17, this being in addition to any other remedy to
which they are entitled under this Agreement, and (b) the right of specific enforcement is an integral part of the transactions contemplated
by this Agreement and without that right, none of the parties would have entered into this Agreement. Each party agrees that it will not
oppose the granting of specific performance and other equitable relief on the basis that the other parties have an adequate remedy at
Law or that an award of specific performance is not an appropriate remedy for any reason at Law or equity. The parties acknowledge and
agree that any party seeking an injunction to prevent breaches of this Agreement and to enforce specifically the terms and provisions
of this Agreement in accordance with this Section 17 shall not be required to provide any bond or other security in connection
with any such injunction.

 

18. Severability.
If any provision of this Agreement is held invalid or unenforceable by any court of competent jurisdiction, the other provisions of this
Agreement will remain in full force and effect. The parties further agree that if any provision contained herein is, to any extent, held
invalid or unenforceable in any respect under the Laws governing this Agreement, they shall take any actions necessary to render the remaining
provisions of this Agreement valid and enforceable to the fullest extent permitted by Law and, to the extent necessary, shall amend or
otherwise modify this Agreement to replace any provision contained herein that is held invalid or unenforceable with a valid and enforceable
provision giving effect to the intent of the parties.

 

19. Counterparts.
This Agreement may be executed in two (2) or more counterparts, each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument. This Agreement shall become effective when each Party shall have received a counterpart hereof
signed by all of the other parties. Signatures delivered electronically or by facsimile shall be deemed to be original signatures.

 

20. Interpretation
and Construction. The words “hereof,” “herein” and “hereunder” and words of like import
used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. The descriptive
headings used herein are inserted for convenience of reference only and are not intended to be part of or to affect the meaning or interpretation
of this Agreement. References to Sections are to Sections of this Agreement unless otherwise specified. Any singular term in this Agreement
shall be deemed to include the plural, and any plural term the singular. The definitions contained in this Agreement are applicable to
the masculine as well as to the feminine and neuter genders of such term. Whenever the words “include,” “includes”
or “including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation,”
whether or not they are in fact followed by those words or words of like import. “Writing,” “written” and comparable
terms refer to printing, typing and other means of reproducing words (including electronic media) in a visible form. References to any
statute shall be deemed to refer to such statute and to any rules or regulations promulgated thereunder. References to any person include
the successors and permitted assigns of that person. References from or through any date mean, unless otherwise specified, from and including
such date or through and including such date, respectively. In the event an ambiguity or question of intent or interpretation arises,
this Agreement will be construed as if drafted jointly by the Parties, and no presumption or burden of proof will arise favoring or disfavoring
any Party by virtue of the authorship of any of the provisions of this Agreement.

 

21. Capacity
as a Unitholder or Proxy holder. Notwithstanding anything herein to the contrary, the Unitholder or proxy holder signs this
Agreement solely in the Unitholder’s or Proxy holder’s capacity as a unitholder or proxy holder of the Company, and not in
any other capacity and this Agreement shall not limit, prevent or otherwise affect the actions of the Unitholder, proxy holder or any
Affiliate, employee or designee of the Unitholder or proxyholder, or any of their respective Affiliates in his or her capacity, if applicable,
as an officer or director of the Company (or any Subsidiary of the Company) or any other Person, including in the exercise of his or her
fiduciary duties as a director or officer of the Company or any Subsidiary of the Company. No Unitholder shall be liable or responsible
for any breach, default, or violation of any representation, warranty, covenant or agreement by any other Unitholder that is also a Party
hereto and each Unitholder shall solely be required to perform its obligations hereunder in its individual capacity.

 

[The remainder of this page is intentionally
left blank.]

 

    10

     

    

 

IN WITNESS WHEREOF, the parties
hereto have caused this Agreement to be executed (where applicable, by their respective officers or other authorized Persons thereunto
duly authorized) as of the date first written above.

 

	 	SPAC:
	 	 	 
	 	FAST
    ACQUISITION CORP. II
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

[Signature
Page to Company Members Support Agreement]

 

    11

     

    

  

	 	PUBCO:
	 	 	 
	 	PALM
    HOLDCO, INC.
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

  

[Signature
Page to Company Members Support Agreement]

 

    12

     

    

 

	 	COMPANY:
	 	 	 
	 	FALCON’S
    BEYOND GLOBAL, LLC
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

[Signature
Page to Company Members Support Agreement]

 

    13

     

    

  

	 	UNITHOLDER:
	 	 	 
	 	KATMANDU
    COLLECTIONS, LLLP, a Nevada Limited Liability Partnership
	 	 
	 	By:
    Katmandu GP, Inc., a Florida Corporation
	 	 
	 	 
	 	By:	L. Scott
    Demerau
	 	Its:	President

   

[Signature
Page to Company Members Support Agreement]

 

    14

     

    

 

	 	UNITHOLDER:
	 	 
	 	KATMANDU
    VENTURES, LLC
	 	 
	 	Name:
	 	Title:

  

[Signature
Page to Company Members Support Agreement]

 

    15

     

    

 

	 	UNITHOLDER: 

 

CILMAR
VENTURES, LLC SERIES A

	 	 	 
	 	By:	     
	 	 	Name:
    Cecil De Los Reyes Magpuri
	 	 	Title:
      Manager
	 	By:	 
	 	 	Name:
    Marty Mathers Magpuri
	 	 	Title:
      Manager

  

[Signature
Page to Company Members Support Agreement]

 

    16

     

    

 

Schedule
1

 

	Unitholder
    Name	Number
    of Common Units
	Katmandu
    Collections, LLLP	46,186,305
	Katmandu
    Ventures, LLC	21,233,479
	CilMar
    Ventures, LLC Series A	21,233,479

  

    17Exhibit 10.5

 

Execution Version

 

COMPANY LOCKUP AGREEMENT

 

This Lockup Agreement is dated
as of July 11, 2022 and is between Fast Acquisition Corp. II, a Delaware corporation (“SPAC”), Falcon’s Beyond
Global, LLC, a Florida limited liability company (“Falcon’s Beyond”), Palm Holdco, Inc., a Delaware corporation
and a wholly owned subsidiary of the Company (the “Company”, and together with SPAC and Falcon’s Beyond, the
“Company Parties”), each of the stockholder parties identified on Exhibit A hereto and the other Persons
who enter into a joinder to this Agreement substantially in the form of Exhibit B hereto with the Company Parties in order
to become a “Stockholder Party” for purposes of this Agreement (collectively, the “Stockholder Parties”).
Capitalized terms used but not defined herein shall have the meanings assigned to them in the Merger Agreement (as defined below).

 

BACKGROUND:

 

WHEREAS, the Stockholder
Parties own equity interests in Falcon’s Beyond and will own Class B Common Stock and New Company Units following the Acquisition
Merger;

 

WHEREAS, the Company,
SPAC, Falcon’s Beyond, and Palm Merger Sub, LLC, a Delaware corporation (“Merger Sub”), have entered into an
Agreement and Plan of Merger (as amended or modified from time to time, the “Merger Agreement”), dated as of the date
hereof, pursuant to which, among other transactions, SPAC will merge with and into the Company (the “SPAC Merger”),
with the Company surviving as the sole owner of Merger Sub, and following the SPAC Merger, Merger Sub will merge with and into Falcon’s
Beyond (the “Acquisition Merger”, and together with the SPAC Merger, the “Mergers”), with Falcon’s
Beyond as the surviving entity of such merger, on the terms and conditions set forth therein; and

 

WHEREAS, as a condition
and inducement to the willingness of the Company, SPAC and Falcon’s Beyond to enter into the Merger Agreement, the Stockholder Parties
are entering into this Agreement.

 

NOW, THEREFORE, the
parties agree as follows:

 

ARTICLE I

INTRODUCTORY MATTERS

 

1.1 Defined
Terms. In addition to the terms defined elsewhere herein, the following terms have the following meanings when used herein with
initial capital letters:

 

“Acquisition Merger”
has the meaning set forth in the Background.

 

“Action”
has the meaning set forth in Section 3.7.

 

“Affiliate”
has the meaning ascribed to such term in Rule 12b-2 of the General Rules and Regulations under the Exchange Act.

 

“Agreement”
means this Lockup Agreement, as the same may be amended, supplemented, restated or otherwise modified from time to time in accordance
with the terms hereof.

 

     

     

    

 

“Change of Control”
means any transaction or series of transactions (A) the result of which is the acquisition by a Person or “group” (within
the meaning of Section 13(d) of the Exchange Act) of Persons (other than the Company or Falcon’s Beyond or any of their respective
Subsidiaries) of direct or indirect beneficial ownership of securities (or rights convertible or exchangeable into securities) representing
fifty percent (50%) or more of the combined voting power of or economic rights or interests in the then outstanding securities of Company
or Falcon’s Beyond, (B) constituting a merger, consolidation, reorganization or other business combination, however effected, following
which either (1) the members of the Board of Directors of the Company immediately prior to such merger, consolidation, reorganization
or other business combination do not constitute at least a majority of the Board of Directors of the company surviving the combination
or (2) the voting securities of the Company or Falcon’s Beyond immediately prior to such merger, consolidation, reorganization or
other business combination do not continue to represent or are not converted into fifty percent (50%) or more of the combined voting power
of the then outstanding voting securities of the Person resulting from such combination, or (C) the result of which is a sale of all or
substantially all of the assets of the Company or Falcon’s Beyond (as appearing in its most recent balance sheet) to any Person.

 

“Class A Common Stock”
means the shares of Class A common stock of the Company, following the consummation of the Mergers.

 

“Class B Common Stock”
means the Class B common stock of the Company, following the consummation of the Mergers.

 

“Common Stock”
means the Class A Common Stock and the Class B Common Stock, as applicable.

 

“Company”
has the meaning set forth in the Preamble.

 

“Company Parties”
has the meaning set forth in the Preamble.

 

“Exchange Act”
means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder, as the same may be amended
from time to time.

 

“Falcon’s Beyond”
has the meaning set forth in the Preamble.

 

“Immediate Family”
means any Person that is related by blood or current or former marriage, domestic partnership or adoption (including legally adoptive
relationships, in-laws and step relations), in each case that is not more remote than a first cousin.

 

“Lock-up”
has the meaning set forth in Section 2.1(a).

 

“Lock-up Period”
has the meaning set forth in Section 2.1(d).

 

“Lock-up Shares”
has the meaning set forth in Section 2.1(d).

 

“Mergers”
has the meaning set forth in the Background.

 

“Merger Agreement”
has the meaning set forth in the Background.

 

    2

     

    

 

“Merger Sub”
has the meaning set forth in the Background.

 

“Permitted Transferees”
has the meaning set forth in Section 2.1(d).

 

“SPAC”
has the meaning set forth in the Preamble.

 

“SPAC Merger”
has the meaning set forth in the Background.

 

“Stockholder Parties”
has the meaning set forth in the Preamble.

 

“Trading Day”
means any day on which shares of Common Stock are actually traded on the principal securities exchange or securities market on which shares
of Common Stock are then traded.

 

“Transfer”
has the meaning set forth in Section 2.1(d).

 

1.2 Construction.
Unless the context otherwise requires: (a) “including” (and with correlative meaning “include”) means including
without limiting the generality of any description preceding or succeeding such term and shall be deemed in each case to be followed by
the words “without limitation”; (b) “or” is disjunctive but not exclusive, (c) words in the singular
include the plural, and in the plural include the singular, and (d) the words “hereof”, “herein”, and “hereunder”
and words of similar import when used in this Agreement refer to this Agreement as a whole and not to any particular provision of this
Agreement, and Section references are to sections of this Agreement unless otherwise specified. The parties have participated jointly
in the negotiation and drafting of this Agreement. Consequently, in the event an ambiguity or question of intent or interpretation arises,
this Agreement shall be construed as if drafted jointly by the parties hereto, and no presumption or burden of proof shall arise favoring
or disfavoring any party by virtue of the authorship of any provision of this Agreement.

 

ARTICLE II

LOCKUP

 

2.1 Lockup.

 

(a) Subject
to the exclusions in Section 2.1(b), each Stockholder Party agrees not to Transfer any Lock-up Shares until the end of the Lock-up
Period (the “Lock-up”).

 

(b) Each
Stockholder Party or any of its Permitted Transferees may Transfer any Lock-up Shares it holds during the Lock-up Period (i) to other
Stockholder Parties on an arms’ length basis, any Affiliates of such Stockholder Party or by distributions from such Stockholder
Party to its members, partners or shareholders or their Affiliates; (ii) by bona fide gift to a charitable organization; or, in the case
of an individual, by bona fide gift to a member of the individual’s Immediate Family or to a trust, the primary beneficiaries of
which are one or more members of the individual’s Immediate Family or an Affiliate of such Person; (iii) in the case of an individual,
by virtue of laws of descent and distribution upon death of the individual; (iv) in the case of an individual, pursuant to a qualified
domestic relations order; (v) in connection with any bona fide mortgage, encumbrance or pledge to a financial institution in connection
with any bona fide loan or debt transaction or enforcement thereunder, including foreclosure thereof; (vi) to the Company; or (vii) in
the event of, and solely in connection with, the Company’s liquidation, merger, capital stock exchange or other similar transaction
which results in all of the Company’s stockholders having the right to exchange their shares of Class A Common Stock for cash, securities
or other property subsequent to Acquisition Merger Closing Date, (A) in each case of clauses (i)–(v), if the transferee is not another
Stockholder Party, subject to prior receipt by the Company Parties of a duly executed joinder to this Agreement substantially in the form
of Exhibit B hereto and any such transfer or distribution shall not involve a disposition for value, other than with respect to
any such transfer or distribution for which the transferor or distributor receives (x) equity interests in the transferee or (y) such
transferee’s interests in the transferor and (B) in the case of each transfer or distribution pursuant to clauses (i) through (vi)
above, if any public reports or filings (including filings under Section 16(a) of the Exchange Act) reporting a reduction in beneficial
ownership of shares shall be required or shall be voluntarily made during the Lock-up Period (x) such Stockholder Party shall provide
the Company prior written notice informing them of such report or filing and (y) such report or filing shall disclose that such donee,
trustee, distributee or transferee, as the case may be, agrees to be bound in writing by the restrictions set forth herein.

 

    3

     

    

 

(c) Notwithstanding
the provisions set forth in this Section 2.1, if the Lock-up Period, excluding in connection with a Lock-up Period Early Release,
is scheduled to end during a Blackout Period or within five Trading Days prior to the commencement of a Blackout Period, the Lock-up Period
shall end ten Trading Days prior to the commencement of the Blackout Period (the “Blackout-Related Release”); provided
that the Company shall announce the date of the expected Blackout-Related Release through a major news service, or on a Form 8-K, at least
two Trading Days in advance of the Blackout-Related Release.

 

(d) For
purposes of this Section 2.1:

 

(i) The
term “Blackout Period” means a broadly applicable and regularly scheduled period during which trading in the Company’s
securities would not be permitted under the Company’s insider trading policy.

 

(ii) The
term “Lock-up Period” means the period beginning on the Acquisition Merger Closing Date and ending on the earlier of
(i) the date that is 180 days after the Acquisition Merger Closing Date and (ii) the Lock-up Period Early Release Date. Notwithstanding
the foregoing, in the event that a definitive agreement that contemplates a Change of Control is entered into after the Acquisition Merger
Closing, the Lock-up Period for any Lock-up Shares shall automatically terminate immediately prior to the consummation of such Change
of Control. For the avoidance of doubt, no Lock-up Shares shall be subject to Lock-up pursuant to this Agreement from and after the date
that is 180 days after the Acquisition Merger Closing Date.

 

(iii) The
term “Lock-up Period Early Release Date” means the date on which the volume weighted average closing sale price of
the Class A Common Stock on Nasdaq (or the exchange on which the shares of Class A Common Stock are then listed) equals or exceeds $12.00
per share (as adjusted for stock splits, reverse stock splits, stock dividends, reorganizations, recapitalizations and the like) for any
20 Trading Days within any 30-consecutive Trading Day period, such period commencing at least 150 days after the Acquisition Merger Closing
Date (the “Lock-up Period Early Release”); provided, however, that if at the time of any Lock-up Period Early Release
Date, the Company is in a Blackout Period, the actual date of the Lock-up Period Early Release Date shall be delayed until immediately
prior to the opening of trading on the second Trading Day following the first date after the satisfaction of the Lock-up Period Early
Release that the Company is no longer in a Blackout Period; provided, further, that the Company shall announce the date of the expected
Lock-up Period Early Release Date through a major news service, or on a Form 8-K, at least two Trading Days in advance of the Lock-Up
Period Early Release Date.

 

    4

     

    

  

(iv) The
term “Lock-up Shares” means (i) the shares and units received as Per Unit Consideration by the Stockholder Parties
in connection with the Transactions and (ii) any shares of Pubco Class A Common Stock received after the Acquisition Merger Closing Date
by any Stockholder Party pursuant to a Redemption (as defined in the A&R Operating Agreement) of the New Company Units received as
Per Unit Consideration; provided that Lock-up Shares shall not include any Per Unit Consideration or Additional Company Financing Unit
Consideration issued in respect of any Company Financing Units pursuant to Section 3.01(b)(ii) of the Merger Agreement or any shares of
Pubco Class A Common Stock received after the Acquisition Merger Closing Date by any Stockholder Party pursuant to a Redemption (as defined
in the A&R Operating Agreement) of the New Company Units received as Per Unit Consideration issued in respect of any Company Financing
Units pursuant to Section 3.01(b)(ii) of the Merger Agreement.

 

(v) The
term “Permitted Transferees” means, prior to the expiration of the Lock-up Period, any Person to whom such Stockholder
Party or any other Permitted Transferee of such Stockholder Party is permitted to transfer such Lock-up Shares pursuant to Section
2.1(b).

 

(vi) The
term “Transfer” means the (A) sale of, offer to sell, contract or agreement to sell, hypothecation or pledge of, grant
of any option to purchase or otherwise dispose of or agreement to dispose of, in each case, directly or indirectly, or establishment or
increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position with respect to, any security,
(B) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership
of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (C) public announcement
of any intention to effect any transaction specified in clause (A) or (B).

 

(e) Each
Stockholder Party shall be permitted to enter into a trading plan established in accordance with Rule 10b5-1 under the Exchange Act during
the applicable Lock-up Period so long as no Transfers of such Stockholder Party’s Lock-up Shares in contravention of this Section 2.1
are effected prior to the expiration of the applicable Lock-up Period.

 

    5

     

    

 

(f) Each
Stockholder Party also agrees and consents to the entry of stop transfer instructions with the Company’s transfer agent and registrar
against the transfer of any Lock-up Shares except in compliance with the foregoing restrictions and to the addition of a legend to such
Stockholder Party’s Lock-up Shares describing the foregoing restrictions.

 

(g) For
the avoidance of doubt, each Stockholder Party shall retain all of its rights as a stockholder of the Company with respect to the Lock-up
Shares during the Lock-up Period, including the right to vote any Lock-up Shares.

 

ARTICLE III

GENERAL PROVISIONS

 

3.1 Notices.
All notices and other communications among the parties shall be in writing and shall be deemed to have been duly given (i) when delivered
in person, (ii) when delivered after posting in the United States mail having been sent registered or certified mail return receipt requested,
postage prepaid, (iii) when delivered by FedEx or other nationally recognized overnight delivery service, or (iv) when delivered by email
(without any “bounce back” or similar error message) addressed as follows:

 

	 	If to the Company, to:
	 	 	 
	 	6996 Piazza Grande Avenue, Suite 301
	 	Orlando, FL 32835
	 	Attn: 	Scott Demerau
	 	 	Cecil Magpuri
	 	Email: notices@falconsbeyond.com
	 	 	 
	 	with a copy (not constituting notice) to:
	 	 	 
	 	White & Case LLP
	 	1221 Avenue of the Americas
	 	New York, NY 10020
	 	Attn:	Matthew Kautz
	 	 	James Hu
	 	Email:	[Redacted]
	 	 	[Redacted]

 

If to any Stockholder Party, to such address indicated
on the Company’s records with respect to such Stockholder Party or to such other address or addresses as such Stockholder Party
may from time to time designate in writing.

 

3.2 Amendment;
Waiver. (a) The terms and provisions of this Agreement may be amended or modified in whole or in part only by a duly authorized
agreement in writing executed by each of the Company Parties and the Stockholder Parties holding a majority of the shares then held by
the Stockholder Parties in the aggregate as to which this Agreement has not been terminated.

 

    6

     

    

 

(b) Except
as expressly set forth in this Agreement, neither the failure nor delay on the part of any party hereto to exercise any right, remedy,
power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy,
power or privilege preclude any other or further exercise of the same or of any other right, remedy, power or privilege, nor shall any
waiver of any right, remedy, power or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or
privilege with respect to any other occurrence.

 

(c) No
party shall be deemed to have waived any claim arising out of this Agreement, or any right, remedy, power or privilege under this Agreement,
unless the waiver of such claim, right, remedy, power or privilege is expressly set forth in a written instrument duly executed and delivered
on behalf of such party; and any such waiver shall not be applicable or have any effect except in the specific instance in which it is
given.

 

(d) The
Company and any party hereto may unilaterally waive any of its rights hereunder in a signed writing delivered to (i) in the case of a
waiver by the Company Parties, the applicable Stockholder Parties and (ii) in the case of a waiver by a Stockholder Party, each of the
Company Parties.

 

(e) SPAC
and the Company hereby represent, warrant, covenant and agree that (i) if any lock-up agreement signed by a equityholder of the Company
Parties in connection with the transactions contemplated hereby is amended, modified or waived in a manner favorable to such equityholder
and that would be favorable to a Stockholder Party, this Agreement shall be contemporaneously amended in the same manner and the Company
shall provide prompt notice thereof to the Stockholder Parties, and (ii) if any such equityholder is released from any or all of the lock-up
restrictions under its Lockup Agreement, the Stockholder Parties will be similarly and contemporaneously released from the lock-up restrictions
hereunder (which, for the avoidance, of doubt will include a release of the same percentage of each Stockholder Party’s Lock-up
Shares) and the Company shall provide prompt notice thereof to the Stockholder Parties.

 

(f) Notwithstanding
anything to the contrary, any amendment, modification or waiver of any provision herein that would (i) adversely affect any Stockholder
Party, or (ii) disproportionately affect any Stockholder Party as compared to any other Stockholder Party, in each case, will not bind
any such Stockholder Party without such Stockholder Party’s prior written approval.

 

3.3 Further
Assurances. The parties hereto will sign such further documents, cause such meetings to be held, resolutions passed, exercise
their votes and do and perform and cause to be done such further acts and things necessary, proper or advisable in order to give full
effect to this Agreement and every provision hereof.

 

3.4 Assignment.
No party hereto shall assign, delegate or otherwise transfer this Agreement or any part hereof without the prior written consent of the
other parties hereto. Subject to the foregoing, this Agreement shall be binding upon and inure to the benefit of the parties hereto and
their respective permitted successors and assigns. Any attempted assignment in violation of the terms of this Section 3.4 shall
be null and void, ab initio.

 

    7

     

    

 

3.5 Third
Parties. Nothing expressed or implied in this Agreement is intended or shall be construed to confer upon or give any person, other
than the parties hereto, any right or remedies under or by reason of this Agreement, as a third party beneficiary or otherwise.

 

3.6 Governing
Law. THIS AGREEMENT, AND ALL CLAIMS OR CAUSES OF ACTION BASED UPON, ARISING OUT OF, OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY, SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF DELAWARE, WITHOUT GIVING EFFECT
TO PRINCIPLES OR RULES OF CONFLICT OF LAWS TO THE EXTENT SUCH PRINCIPLES OR RULES WOULD REQUIRE OR PERMIT THE APPLICATION OF LAWS OF ANOTHER
JURISDICTION.

 

3.7 Jurisdiction.
Any claim, action, suit, assessment, arbitration or proceeding (an “Action”) based upon, arising out of or related
to this Agreement, or the transactions contemplated hereby, shall be brought in the Court of Chancery of the State of Delaware (or, to
the extent such court does not have subject matter jurisdiction, the Superior Court of the State of Delaware), or, if it has or can acquire
jurisdiction, in the United States District Court for the District of Delaware, and each of the parties irrevocably submits to the exclusive
jurisdiction of each such court in any such Action, waives any objection it may now or hereafter have to personal jurisdiction, venue
or to convenience of forum, agrees that all claims in respect of the Action shall be heard and determined only in any such court, and
agrees not to bring any Action arising out of or relating to this Agreement or the transactions contemplated hereby in any other court.
Nothing herein contained shall be deemed to affect the right of any party to serve process in any manner permitted by law, or to commence
legal proceedings or otherwise proceed against any other party in any other jurisdiction, in each case, to enforce judgments obtained
in any Action brought pursuant to this Section 3.7.

 

3.8 Waiver
of Jury Trial. EACH PARTY HERETO HEREBY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY
TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT SUCH
PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY ACTION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE
TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (I) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY
OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE
FOREGOING WAIVER, (II) EACH SUCH PARTY UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (III) EACH SUCH PARTY MAKES THIS
WAIVER VOLUNTARILY, AND (IV) EACH SUCH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS
AND CERTIFICATIONS IN THIS SECTION 3.8.

 

    8

     

    

 

3.9 Specific
Performance. The parties agree that irreparable damage for which monetary damages, even if available, would not be an adequate
remedy, would occur in the event that the parties do not perform their obligations under the provisions of this Agreement (including failing
to take such actions as are required of them hereunder to consummate this Agreement) in accordance with its specified terms or otherwise
breach such provisions. The parties acknowledge and agree that (a) the parties shall be entitled to an injunction, specific performance,
or other equitable relief, to prevent breaches of this Agreement and to enforce specifically the terms and provisions hereof, without
proof of damages, prior to the valid termination of this Agreement, this being in addition to any other remedy to which they are entitled
under this Agreement and (b) the right of specific enforcement is an integral part of the transactions contemplated by this Agreement
and without that right, none of the parties would have entered into this Agreement. Each party agrees that it will not oppose the granting
of specific performance and other equitable relief on the basis that the other parties have an adequate remedy at law or that an award
of specific performance is not an appropriate remedy for any reason at law or equity. The parties acknowledge and agree that any party
seeking an injunction to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement in
accordance with this Section 3.9 shall not be required to provide any bond or other security in connection with any such injunction.

 

3.10 Entire
Agreement. Except as otherwise set forth herein, this Agreement constitutes the full and entire understanding and agreement among
the parties relating to the transactions contemplated hereby and supersede any other agreements, whether written or oral, that may have
been made or entered into by or among any of the parties hereto relating to the transactions contemplated hereby. No representations,
warranties, covenants, understandings, agreements, oral or otherwise, relating to the transactions contemplated by this Agreement exist
between the parties except as expressly set forth or referenced in this Agreement. Notwithstanding the foregoing, nothing in this Agreement
shall limit any of the rights, remedies or obligations of the Company Parties or any of the Stockholder Parties under any other agreement
between any of the Stockholder Parties and the Company Parties, and nothing in any other agreement, certificate or instrument shall limit
any of the rights, remedies or obligations of any of the Stockholder Parties or the Company Parties under this Agreement.

 

3.11 Severability.
If any provision of this Agreement is held invalid or unenforceable by any court of competent jurisdiction, the other provisions of this
Agreement shall remain in full force and effect. The parties further agree that if any provision contained herein is, to any extent, held
invalid or unenforceable in any respect under the laws governing this Agreement, they shall take any actions necessary to render the remaining
provisions of this Agreement valid and enforceable to the fullest extent permitted by law and, to the extent necessary, shall amend or
otherwise modify this Agreement to replace any provision contained herein that is held invalid or unenforceable with a valid and enforceable
provision giving effect to the intent of the parties.

 

3.12 Captions;
Counterparts. The captions in this Agreement are for convenience only and shall not be considered a part of or affect the construction
or interpretation of any provision of this Agreement. This Agreement may be executed in two (2) or more counterparts, each of which shall
be deemed an original, but all of which together shall constitute one and the same instrument.

 

3.13 Several
Liability. The liability of any Stockholder Party hereunder is several (and not joint). Notwithstanding any other provision of
this Agreement, in no event will any Stockholder Party be liable for any other Stockholder Party’s breach of such other Stockholder
Party’s obligations under this Agreement.

 

3.14 Effectiveness;
Termination. This Agreement shall become effective only upon the consummation of the Mergers. Upon the termination of the Merger
Agreement, this Agreement shall automatically terminate and be null and void, ab initio.

 

[Remainder of Page Intentionally Left Blank]

 

    9

     

    

 

IN WITNESS WHEREOF, the parties hereto have executed
this Lockup Agreement on the day and year first above written.

 

	 	PUBCO:
	 	 	 
	 	PALM HOLDCO, INC.
	 	 	 
	 	By:	
	 	 	Name:
	 	 	Title:

 

[Signature Page to Company Lockup Agreement]

 

    10

     

    

 

	 	STOCKHOLDER
    PARTY:  
	 	 
	 	KATMANDU
    COLLECTIONS, LLLP, a Nevada Limited Liability Partnership  
	 	 
	 	By: Katmandu
    GP, Inc., a Florida Corporation
	 	 
	 	
	 	By:
    	L.
    Scott Demerau
	 	Its:	President

 

[Signature Page to Company Lockup Agreement]

 

    11

     

    

 

	 	STOCKHOLDER PARTY:
	 	 	 
	 	KATMANDU VENTURES, LLC
	 	 	 
	 	By:	
	 	 	Name:
	 	 	Title:

 

[Signature Page to Company Lockup Agreement]

 

    12

     

    

 

	 	STOCKHOLDER PARTY:

 

	 	CILMAR VENTURES, LLC SERIES A
	 	 	 	 
	 	By:	
	 	 	Name:	Cecil De Los Reyes Magpuri
	 	 	Title:	Manager
	 	 	 	 
	 	By:	
	 	 	Name:	Marty Mathers Magpuri
	 	 	Title:	Manager

 

[Signature Page to Company Lockup Agreement]

 

    13

     

    

 

	 	SPAC:
	 	 	 
	 	FAST ACQUISITION CORP. II
	 	 	
	 	By:	
	 	 	Name:
	 	 	Title:

 

[Signature Page to Company Lockup Agreement]

 

    14

     

    

 

	 	COMPANY:
	 	 	 
	 	FALCON’S BEYOND GLOBAL, LLC
	 	 	 
	 	By:	
	 	 	Name:
	 	 	Title:

 

    15

     

    

 

Exhibit A

 

		1.	Katmandu Collections, LLLP

		2.	Katmandu Ventures, LLC

		3.	CilMar Ventures, LLC Series A

 

    16

     

    

 

Exhibit B

FORM OF JOINDER TO LOCKUP AGREEMENT

[______], 20__

 

Reference is made to the Lockup Agreement, dated as of [•], 2022,
by and among Palm Holdco, Inc. (the “Company”), the other Company Parties (as defined therein) and the other Stockholder
Parties (as defined therein) from time to time party thereto (as amended from time to time, the “Lockup Agreement”).
Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Lockup Agreement.

 

Each of the Company Parties and each undersigned holder of shares of
the Company (each, a “New Stockholder Party”) agrees that this Joinder to the Lockup Agreement (this “Joinder”)
is being executed and delivered for good and valuable consideration.

 

Each undersigned New Stockholder Party hereby agrees to and does become
party to the Lockup Agreement as a Stockholder Party. This Joinder shall serve as a counterpart signature page to the Lockup Agreement
and by executing below each undersigned New Stockholder Party is deemed to have executed the Lockup Agreement with the same force and
effect as if originally named a party thereto.

 

This Joinder may be executed in multiple counterparts, including by
means of facsimile or electronic signature, each of which shall be deemed an original, but all of which together shall constitute the
same instrument.

 

[Remainder of Page Intentionally Left Blank.]

 

    17

     

    

 

IN WITNESS WHEREOF, the undersigned have duly executed
this Joinder as of the date first set forth above.

 

	 	[NEW STOCKHOLDER PARTY]

 

	 	By:	
	 	 	Name:
	 	 	Title
	 	 	 
	 	PALM HOLDCO, INC.

 

	 	By:	
	 	 	Name:
	 	 	Title:
	 	 	 
	 	FALCON’S BEYOND GLOBAL, LLC

 

	 	By:	
	 	 	 
	 	FAST ACQUISITION CORP. II

 

	 	By:	

 

    18

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