Document:

Exhibit
10.2 

 

Execution
Version

 

STOCKHOLDERS
AGREEMENT

DATED
AS OF FEBRUARY 1, 2021

AMONG

FAST ACQUISITION
CORP., 

FAST MERGER
CORP., 

FAST SPONSOR,
LLC,

AND 

TILMAN
J. FERTITTA

 

     

     

    

 

CONTENTS

 

	 	 	Page
	 	 	 
	Article I. INTRODUCTORY
    MATTERS	 	2
	 	 	 
	Section 1.01   Defined
    Terms	 	2
	Section 1.02   Construction	 	5
	 	 	 
	Article II. CORPORATE GOVERNANCE MATTERS	 	5
	 	 	 
	Section 2.01   Election
    of Directors	 	5
	Section 2.02   Other
    Rights of Sponsor Designee	 	6
	Section 2.03   Compliance
    of Sponsor Designee	 	6
	 	 	 
	Article III. GENERAL PROVISIONS	 	7
	 	 	 
	Section 3.01   Effectiveness;
    Termination	 	7
	Section 3.02   Notices	 	7
	Section 3.03   Amendment;
    Waiver	 	7
	Section 3.04   Further
    Assurances	 	8
	Section 3.05   Assignment	 	8
	Section 3.06   Third
    Parties	 	8
	Section 3.07   Governing
    Law	 	8
	Section 3.08   Jurisdiction;
    Waiver of Jury Trial	 	9
	Section 3.09   Specific
    Performance	 	9
	Section 3.10   Entire
    Agreement	 	9
	Section 3.11   Severability	 	9
	Section 3.12   Table
    of Contents, Headings and Captions	 	9
	Section 3.13   Counterparts	 	9
	Section 3.14   No
    Recourse	 	10

 

     

     

    

 

Exhibit
10.2

 

STOCKHOLDERS
AGREEMENT 

 

This
Stockholders Agreement (as the same may be amended, supplemented, restated or otherwise modified from time to time in accordance
with the terms hereof, this “Agreement”), dated as of February 1, 2021, is made and entered into by and among:

 

(1)
FAST Acquisition Corp., a Delaware corporation (“SPAC”);

 

(2)
FAST Merger Corp., a Texas corporation and direct, wholly-owned Subsidiary of SPAC (the “Company”);

 

(3)
FAST Sponsor, LLC, a Delaware limited liability company (together with any successor thereto, “Sponsor”); and

 

(4)
Tilman J. Fertitta (the “Founder”).

 

RECITALS

 

WHEREAS,
contemporaneously with the execution and delivery of this Agreement, SPAC, the Company and Legacy Florida are entering into that
certain Agreement and Plan of Merger, dated as of February 1, 2021 (the “Merger Agreement”) with FAST
Merger Sub Inc., a Texas corporation and direct, wholly owned subsidiary of SPAC (“Merger Sub”), (i)
SPAC will merge (the “TX Merger”) with and into the Company, with the Company surviving the TX Merger;
(ii) Merger Sub, a Texas corporation and a direct, wholly owned subsidiary of the Company, will merge (the “Merger”
and together with the Texas Merger, the “Mergers”) with and into Legacy Florida, with Legacy Florida
surviving the Merger as a wholly owned subsidiary of the Company; and (iii) following the consummation of the Mergers, SPAC will
be renamed to a name to be determined by Legacy Florida prior to the Closing (terms used but not defined herein shall have the
meaning ascribed to such terms in the Merger Agreement);

 

WHEREAS,
following the closing of the Merger, (i) Sponsor will Beneficially Own (as defined herein) shares of Class A common stock, par
value $0.0001 per share, of the Company (“Class A Common Stock”) and (ii) the Founder will Beneficially Own
shares of Class B common stock, par value $0.0001 per share, of the Company (“Class B Common Stock”); and

 

WHEREAS,
in anticipation of the consummation of the transactions contemplated by the Merger Agreement (the “Closing”),
the Persons party hereto are entering into this Agreement on the date hereof, to be effective upon the Closing, to set forth certain
understandings between such Persons with respect to certain governance and other matters of the Company following the Merger.

 

NOW,
THEREFORE, in consideration of the representations, covenants and agreements contained herein, and certain other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Persons party hereto, intending to be
legally bound, hereby agree as follows:

 

     

     

    

 

Article
I.

 

INTRODUCTORY
MATTERS

 

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

 

“Action”
means any demand, action, claim, suit, countersuit, arbitration, inquiry, subpoena, case, litigation, proceeding or investigation
(whether civil, criminal, administrative or investigative) by or before any court or grand jury, any Governmental Authority or
any arbitration or mediation tribunal.

 

“Affiliate”
has the meaning set forth in Rule 12b-2 promulgated under the Exchange Act, as in effect on the date hereof.

 

“Agreement”
has the meaning set forth in the Preamble hereto.

 

“Beneficially
Own” has the meaning set forth in Rule 13d-3 promulgated under the Exchange Act.

 

“Board”
means the board of directors of the Company.

 

“Business
Day” means any day that is not a Saturday, a Sunday or other day on which banks are required or authorized by Law to
be closed in the State of New York or the State of Texas.

 

“Certificate
of Incorporation” means the Amended and Restated Certificate of Incorporation of the Company, as amended, restated and/or
amended and restated from time to time.

 

“Class
A Common Stock” has the meaning set forth in the Recitals hereto.

 

“Class
B Common Stock” has the meaning set forth in the Recitals hereto.

 

“Closing”
has the meaning set forth in the Recitals hereto.

 

“Common
Stock” means the Class A Common Stock and the Class B Common Stock.

 

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

 

“control”
(including its correlative meanings, “controlled by” and “under common control with”) means
possession, directly or indirectly, of the power to direct or cause the direction of management or policies (whether through ownership
of securities or partnership or other ownership interests, by contract or otherwise) of a Person.

 

“designated
representatives” means, with respect to a Stockholder Party, (a) it and its Affiliates’ directors, managers,
officers, attorneys, accountants, consultants, insurers, financing sources and other advisors in connection with such Stockholder
Party’s investment in the Company and (b) any of such Stockholder Party’s or their respective Affiliates’
partners, members, stockholders, directors, managers, officers, other fiduciaries, employees or agents in the ordinary course
of business, so long as such Person has agreed to maintain the confidentiality of the information relating to the Company provided
to it.

 

    2

     

    

 

“Director”
means any member of the Board.

 

“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.

 

“Founder”
has the meaning set forth in the Preamble hereto.

 

“Governmental
Authority” means any nation or government, any state, municipality or other political subdivision thereof and any entity,
body, agency, commission, department, board, bureau, arbitral panel or court, whether domestic, foreign, multinational, or supranational
exercising executive, legislative, judicial, regulatory, self-regulatory or administrative functions of or pertaining to government
and any executive official thereof.

 

“Governmental
Order” means any order, judgment, injunction, decree, writ, stipulation, determination or award, in each case, entered
by or with any Governmental Authority.

 

“Law”
means any applicable U.S. or non-U.S. federal, national, supranational, state, provincial, local or similar statute, law, ordinance,
regulation, rule, code, income Tax treaty, Governmental Order, requirement or rule of law (including common law) or other binding
directives promulgated, issued, entered into or taken by any Governmental Authority.

 

“Legacy
Florida” means Fertitta Entertainment, Inc., a Texas corporation.

 

“Merger”
has the meaning set forth in the Recitals hereto.

 

“Merger
Agreement” has the meaning set forth in the Recitals hereto.

 

“Merger
Sub” has the meaning set forth in the Recitals hereto.

 

“Necessary
Action” means, with respect to any Person and a specified result, all actions (to the extent such actions are not prohibited
by applicable Law, within such Person’s control that do not directly conflict with any rights expressly granted to such
Person pursuant to this Agreement, the Merger Agreement, the Certificate of Incorporation or the bylaws) reasonably necessary
and desirable within his, her or its control to cause such result, including, without limitation (i) calling special meetings
of the Board or the stockholders of the Company, (ii) voting or providing a proxy with respect to the Shares Beneficially Owned
by such Person, (iii) voting in favor of the adoption of stockholders’ resolutions and amendments to the Certificate of
Incorporation or bylaws, including executing written consents in lieu of meetings with respect thereto, (iv) requesting members
of the Board (to the extent such members were elected, nominated or designated by the Person obligated to undertake such action)
to act (subject to any applicable fiduciary duties) in a certain manner or causing them to be removed in the event they do not
act in such a manner and (v) making, or causing to be made, with Governmental Authorities, all filings, registrations or similar
actions that are required to achieve such a result.

 

    3

     

    

 

“Non-Recourse
Party” has the meaning set forth in Section 3.14.

 

“Permitted
Transferee” has the meaning set forth in Section 3.05.

 

“Person”
means any individual, partnership, firm, corporation, limited liability company, association, trust, unincorporated organization
or other entity, as well as any syndicate or group that would be deemed to be a person under Section 13(d)(3) of the Exchange
Act and any Governmental Authority.

 

“Shares”
means shares of Class A Common Stock, shares of Class B Common Stock and any securities of the Company into which such shares
of either Class A Common Stock or Class B Common Stock are converted or reclassified or for which such shares of either Class
A Common Stock or Class B Common Stock are exchanged.

 

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

 

“Sponsor”
has the meaning set forth in the Preamble hereto.

 

“Sponsor
Designee” has the meaning set forth in Section 2.01(a)(i).

 

“Sponsor
Parties” means the Sponsor and its Permitted Transferees.

 

“Stockholder
Parties” means the Founder and the Sponsor Parties.

 

“Subsidiary”
of any Person means any corporation, partnership, limited liability company or other organization, whether incorporated or unincorporated,
which is directly or indirectly controlled by such Person or one or more of its respective Subsidiaries.

 

“Sunset
Date” means the earliest of the following (a) one year after the completion of the Merger, (b) the date on which the
last sale price of Class A Common Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations,
recapitalizations and the like) for the 20th trading day within a 30-trading day period commencing at least 150 days
after the Merger and (c) the date following the Merger on which the Company completes a liquidation, merger, capital stock exchange,
reorganization or other similar transaction that 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.

 

“Tax”
means any federal, state, local or foreign income, gross receipts, branch profits, license, payroll, employment, excise, severance,
stamp, occupation, premium, windfall profits, environmental, customs duties, capital stock, franchise, profits, withholding, social
security, unemployment, disability, real property, personal property, sales, use, transfer, registration, ad valorem, value added,
alternative or add-on minimum or estimated tax or other tax of any kind whatsoever, including any interest, penalty or addition
thereto, whether disputed or not.

 

“Transfer”
(including its correlative meanings, “Transferor”, “Transferee” and “Transferred”)
shall mean, with respect to any security, directly or indirectly, to sell, contract to sell, give, assign, hypothecate, pledge,
encumber, grant a security interest in, offer, sell any option or contract to purchase, purchase any option or contract to sell,
grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of any economic, voting or other rights
in or to such security. When used as a noun, “Transfer” shall have such correlative meaning as the context
may require.

 

    4

     

    

 

Section
1.02 Construction. The language used in this Agreement will be deemed to be the language chosen by the Persons party hereto
to express their mutual intent, and no rule of strict construction will be applied against any Person party hereto. Unless the
context otherwise requires: (a) “or” is disjunctive but not exclusive, (b) words in the singular include
the plural, and in the plural include the singular, and (c) 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.

 

Article
II.

CORPORATE GOVERNANCE MATTERS

 

Section 2.01
Election of Directors.

 

(a)
The Board of Directors is initially comprised of up to eight (8) directors to be designated as follows:

 

(i)
   prior to the Sunset Date, (A) the Sponsor Parties
shall be entitled to designate Eugene Remm (the “Sponsor Designee”) to the Board as a Director and (B) the
Founder shall be entitled to designate the remaining Directors, one of whom shall be the Chief Executive Officer of the Company;
and

 

(ii)
       from and after the Sunset
Date, the Founder shall be entitled to designate all of the Directors, one of whom shall be the Chief Executive Officer of the
Company.

 

(b)
Following the occurrence of the Sunset Date, and delivery of written notice by the Founder or the Company to the Sponsor Parties
or the Sponsor Designee, the Sponsor Designee shall (and the Sponsor Parties shall use best efforts to cause the Sponsor Designee
to) immediately tender his resignation as a Director.

 

(c)
Directors are subject to removal pursuant to the applicable provisions of the Certificate of Incorporation; provided, however,
that for as long as this Agreement remains in effect and the Sponsor Parties are entitled to designate the Sponsor Designee in
accordance with Section 2.01(a), the Sponsor Designee may only be removed with the consent of the Sponsor Parties.

 

    5

     

    

 

(d)
(i)  The rights of the Sponsor Parties pursuant to this Article II shall automatically terminate and be of no further
force or effect in the event that a vacancy on the Board is created at any time by the death, retirement, disability, removal
or resignation of the Sponsor Designee, and (ii) the Founder shall have the exclusive right (with or without cause) to remove
its respective designees from the Board and to designate directors for election to the Board to fill vacancies created by reason
of death, removal or resignation of its designees to the Board, and the Company and the Founder shall take all Necessary Action
to cause any such vacancies to be filled by replacement directors designated by the Founder as promptly as reasonably practicable.
For the avoidance of doubt and notwithstanding anything to the contrary in this paragraph, neither Sponsor nor the Founder shall
have the right to designate a replacement director, and the Company, Sponsor and the Founder shall not be required to take any
action to cause any vacancy to be filled by any such designee, to the extent that election or appointment of such designee to
the Board would result in a number of directors designated by such person in excess of the number of directors that such person
is then entitled to designate for membership on the Board pursuant to this Agreement.

 

(e)
The Company, Sponsor and the Founder agree, to the fullest extent permitted by applicable Law (including with respect to any fiduciary
duties under Delaware law), to, and Sponsor and the Founder shall take all Necessary Action to, (i) include in the slate of nominees
recommended by the Board for election at any meeting of stockholders called for the purpose of electing Directors the nominees
designated by Sponsor and the Founder in accordance with rights set forth in Section 2.01(a), (ii) nominate and recommend
each such nominee be elected as a Director as provided herein and (iii) solicit proxies or consents in favor thereof and to cause
the applicable proxies to vote in accordance with the foregoing. The Company and the Directors shall take all Necessary Action,
to the fullest extent permitted by applicable Law (including with respect to any fiduciary duties under Delaware law), to enable
the Sponsor Parties and the Founder to nominate and effect the election or appointment of the designees such Stockholder Party
is permitted to nominate in accordance with Section 2.01(a), whether by increasing the size of the Board or otherwise.

 

Section
2.02 Other Rights of Sponsor Designee. The Sponsor Designee serving on the Board shall be entitled to the same rights and
privileges applicable to all other members of the Board generally or to which all such members of the Board are entitled. In furtherance
of the foregoing, the Company shall indemnify, exculpate, and reimburse fees and expenses of the Sponsor Designee and provide
the Sponsor Designee with director and officer insurance to the same extent it indemnifies, exculpates, reimburses and provides
insurance for the other members of the Board pursuant to the Certificate of Incorporation, bylaws or other organizational document
of the Company, applicable Law or otherwise.

 

Section
2.03 Compliance of Sponsor Designee. The Sponsor Parties shall use their reasonable best efforts to cause the Sponsor Designee
to comply with any qualification requirements for Directors set forth in the Certificate of Incorporation, bylaws or other organizational
document of the Company, and all policies, procedures, processes, codes, rules, standards and guidelines applicable to Directors,
including the Company’s code of business conduct and ethics, any related person transactions approval policy, any securities
trading policies, any Directors’ confidentiality policy and any corporate governance guidelines, and preserve the confidentiality
of the Company’s business information, including the discussions of matters considered in meetings of the Board or any committee
thereof, at all times that such Sponsor Designee serves as a Director; provided, however, that the Company understands
and agrees that the Sponsor Designee may disclose information he or she obtains while serving as a member of the Board to the
Sponsor Parties.

 

    6

     

    

 

Article
III.

 

GENERAL
PROVISIONS

 

Section
3.01 Effectiveness; Termination. This Agreement shall not be effective until the Closing. Following the Closing and subject
to the early termination of any provision as a result of an amendment to this Agreement agreed to by the Board, the Founder and
the Sponsor Parties as provided under Section 3.03, this Agreement (other than this Article III) shall terminate
at the Sunset Date. In the event the Merger Agreement is terminated in accordance with its terms, this Agreement shall automatically
terminate and be of no further force or effect.

 

Section
3.02 Notices. Any notice, designation, request, request for consent or consent provided for in this Agreement shall be in
writing and given by (i) deposit in the United States mail, addressed to the party to be notified, postage prepaid and registered
or certified with return receipt requested, (ii) delivery in person or by courier service providing evidence of delivery, or (iii)
transmission by hand delivery, electronic mail or facsimile. Each notice or communication that is mailed, delivered, or transmitted
in the manner described above shall be deemed sufficiently given, served, sent, and received, in the case of mailed notices, on
the third Business Day following the date on which it is mailed and, in the case of notices delivered by courier service, hand
delivery, electronic mail or facsimile, at such time as it is delivered to the addressee (with the delivery receipt or the affidavit
of messenger) or at such time as delivery is refused by the addressee upon presentation. Any notice or communication under this
Agreement must be addressed, if to the Founder or the Company, to Steven L. Scheinthal, General Counsel, 1510 West Loop South,
Houston, Texas 77027, and, if to any Stockholder Party, at such Stockholder Party’s address as indicated on the Company’s
records. Any Person party hereto may change its address for notice at any time and from time to time by written notice to the
other Persons party hereto, and such change of address shall become effective thirty (30) days after delivery of such notice as
provided in this Section 3.02.

 

Section
3.03 Amendment; Waiver.

 

(a)
The terms and provisions of this Agreement may be modified or amended only with the written approval of the Company, the Founders
and Sponsor Parties holding a majority of the Shares then held by the Sponsor Parties in the aggregate as to which this Agreement
has not been terminated pursuant to Section 3.01; provided, however, that prior to the Sunset Date, any modification
or amendment to Article II, Section 3.01 or this Section 3.03(a), in each case solely with respect to amendments
affecting the Sponsor Parties or the Sponsor Designee, shall, in each case, also require the approval of the Sponsor Parties.

 

(b)
Except as expressly set forth in this Agreement, neither the failure nor delay on the part of any Person 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.

 

    7

     

    

 

(c)
No Person party hereto 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 Person, and any such waiver shall not be applicable or have any
effect except in the specific instance in which it is given.

 

(d)
Each Stockholder Party, in such Stockholder Party’s sole discretion, may withdraw from this Agreement at any time by written
notice to the Company. Thereafter, such Stockholder Party shall cease to be a party to this Agreement, shall have no further rights
or obligations hereunder and none of the terms or provisions hereof shall have any continuing force and effect with respect to
such Stockholder Party.

 

(e)
Any Person party hereto may unilaterally waive any of its rights hereunder in a signed writing delivered to the Company.

 

Section
3.04 Further Assurances. The Persons party 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. To the fullest extent permitted by Law, the Company
shall not directly or indirectly take any action that is intended to, or would reasonably be expected to result in, the Stockholder
Parties being deprived of the rights contemplated by this Agreement.

 

Section
3.05 Assignment. This Agreement may not be assigned without the express prior written consent of the other Persons party
hereto, and any attempted assignment, without such consents, will be null and void; provided, however, that, without
the prior written consent of any other Person party hereto, Sponsor may assign its rights and obligations under this Agreement,
in whole or in part, to any Transferee of Shares that is an Affiliate of Sponsor so long as such Transferee, if not already a
party to this Agreement, executes and delivers to the Company a joinder to this Agreement substantially in the form of Exhibit
A hereto evidencing its agreement to become a party to, and to be bound to the same extent as Sponsor by all of the provisions
of, this Agreement (a “Permitted Transferee”). This Agreement will inure to the benefit of and be binding on
the Persons party hereto and their respective successors and permitted assigns.

 

Section
3.06 Third Parties. Except as provided for in Section 3.14 with respect to any Non-Recourse Party, this Agreement
does not create any rights, claims or benefits inuring to any person that is not a party hereto nor create or establish any third
party beneficiary hereto.

 

Section
3.07 Governing Law. THIS AGREEMENT, AND ALL CLAIMS OR CAUSES OF ACTION BASED UPON, ARISING OUT OF, OR RELATED TO THIS AGREEMENT,
SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF TEXAS, 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.

 

    8

     

    

 

Section
3.08 Jurisdiction; Waiver of Jury Trial.

 

(a)
Any Action seeking to enforce any provision of, or based upon, arising out of or related to, this Agreement shall be brought against
any of the Persons party hereto in any Texas state or United States federal court in Harris County, Texas, and each of the Persons
party hereby consents to the exclusive jurisdiction of such court (and of the appropriate appellate courts) in any such Action
and waives any objection to venue laid therein. Process in any such Action may be served on any Person party hereto anywhere in
the world, whether within or without the jurisdiction of any such court.

 

(b)
EACH OF THE PERSONS PARTY HERETO ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO
INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE HEREBY IRREVOCABLY, UNCONDITIONALLY AND VOLUNTARILY WAIVES ANY AND ALL
RIGHT SUCH PERSON MAY HAVE TO A TRIAL BY JURY IN ANY ACTION BASED UPON, ARISING OUT OF OR RELATED TO THIS AGREEMENT.

 

Section
3.09 Specific Performance. Each Person party hereto acknowledges and agrees that in the event of any breach of this Agreement
by any of them, the other Persons party hereto would be irreparably harmed and could not be made whole by monetary damages. Each
Person party accordingly agrees to waive the defense in any action for specific performance that a remedy at Law would be adequate
and that the Persons party hereto, in addition to any other remedy to which they may be entitled at Law or in equity, shall be
entitled to specific performance of this Agreement without the posting of a bond.

 

Section
3.10 Entire Agreement. This Agreement sets forth the entire understanding of the Persons party hereto with respect to the
subject matter hereof. There are no agreements, representations, warranties, covenants or understandings with respect to the subject
matter hereof other than those expressly set forth herein. This Agreement supersedes all other prior agreements and understandings
between the Persons party hereto with respect to such subject matter.

 

Section
3.11 Severability. If any provision of this Agreement, or the application of such provision to any Person or circumstance
or in any jurisdiction, shall be held to be invalid or unenforceable to any extent, (i) the remainder of this Agreement shall
not be affected thereby, and each other provision hereof shall be valid and enforceable to the fullest extent permitted by Law,
(ii) as to such Person or circumstance or in such jurisdiction such provision shall be reformed to be valid and enforceable
to the fullest extent permitted by Law and (iii) the application of such provision to other Persons or circumstances or in
other jurisdictions shall not be affected thereby.

 

Section
3.12 Table of Contents, Headings and Captions. The table of contents, headings, subheadings and captions contained in this
Agreement are included for convenience of reference only, and in no way define, limit or describe the scope of this Agreement
or the intent of any provision hereof.

 

Section
3.13 Counterparts. This Agreement and any amendment hereto may be signed in any number of separate counterparts (including
facsimile or PDF counterparts), each of which shall be deemed an original, but all of which taken together shall constitute one
agreement (or amendment, as applicable).

 

    9

     

    

 

Section
3.14 No Recourse. This Agreement may only be enforced against, and any claim or cause of action that may be based upon,
arise out of or relate to this Agreement, or the negotiation, execution or performance of this Agreement, the transactions contemplated
hereby or the subject matter hereof may only be made against the Persons party hereto and no past, present or future Affiliate,
director, officer, employee, incorporator, member, manager, partner, shareholder, agent, attorney or representative of any Person
party hereto or any past, present or future Affiliate, director, officer, employee, incorporator, member, manager, partner, stockholder,
agent, attorney or representative of any of the foregoing (each, a “Non-Recourse Party”) shall have any liability
for any obligations or liabilities of the Persons party hereto or for any claim based on, in respect of, or by reason of, the
transactions contemplated hereby. Without limiting the rights of any Person party hereto against the other Persons party hereto,
in no event shall any party or any of its Affiliates seek to enforce this Agreement against, make any claims for breach of this
Agreement against, or seek to recover monetary damages from, any Non-Recourse Party.

 

[Remainder
of Page Intentionally Left Blank]

 

    10

     

    

 

IN WITNESS
WHEREOF, the Persons party hereto have executed this Stockholders Agreement on the day and year first above written.

 

	 	FAST ACQUISITION CORP.
	 	 
	 	/s/
    Sandy Beall
	 	Name: 	Sandy Beall
	 	Title:	Chief Executive Officer

 

	 	FAST MERGER CORP.
	 	 
	 	/s/
    Sandy Beall
	 	Name: 	Sandy Beall
	 	Title:	President

 

[Signature
Page to Stockholders Agreement]

 

    11

     

    

 

	 	FAST SPONSOR, LLC
	 	 	 
	 	By:	/s/ William Douglas Jacob

	 	Name: William Douglas Jacob
	 	Title: Manager

 

[Signature
Page to Stockholders Agreement]

 

    12

     

    

 

	 	TILMAN J. FERTITTA
	 	 	 
	 	By:	/s/
        Tilman J. Fertitta

	 	Name: 
	Tilman
        J. Fertitta

 

[Signature
Page to Stockholders Agreement]

 

    13

     

    

 

Exhibit
A

 

FORM
OF JOINDER TO STOCKHOLDERS AGREEMENT

 

_____________,
20___

 

Reference
is made to the Stockholders Agreement, dated as of February 1, 2021, by and among FAST Acquisition Corp., FAST Merger Corp., FAST
Sponsor, LLC and Tilman J. Fertitta (as amended from time to time, the “Stockholders Agreement”). Capitalized
terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Stockholders Agreement.

 

Each
of the Company and each undersigned holder of shares of the Company (each, a “New Stockholder Party”) agrees
that this Joinder to the Stockholders 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 Stockholders Agreement as a Stockholder Party.
This Joinder shall serve as a counterpart signature page to the Stockholders Agreement and by executing below each undersigned
New Stockholder Party is deemed to have executed the Stockholders 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.

 

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

 

	 	[NEW STOCKHOLDER PARTY]
	 	 
	 	By:	                            
	 	Name:	
	 	Title	 
	 	FERTITTA ENTERTAINMENT, INC.
	 	 	 
	 	By:	
	 	Name: 	 
	 	Title:	 

 

 

14Exhibit 10.3

 

Execution Version

 

February 1, 2021

 

FAST Acquisition Corp.

3 Minetta Street

New York, NY 10012

 

Fertitta Entertainment, Inc.

1510 West Loop South

Houston, TX 77027

 

	Re:	Sponsor Agreement

 

Ladies and Gentlemen:

 

This letter (this “Sponsor
Agreement”) is being delivered to you in accordance with that certain Agreement and Plan of Merger, dated as of the
date hereof (as amended, supplemented, restated or otherwise modified from time to time, the “Merger Agreement”),
by and among FAST Acquisition Corp., a Delaware corporation (“SPAC”), Fertitta Entertainment, Inc., a
Texas corporation (the “Company”), FAST Merger Corp., a Texas corporation (“Newco”)
and FAST Merger Sub Inc., a Texas corporation (“Merger Sub”), pursuant to which, among other things,
SPAC will be merged with and into Newco (the “Texas Merger”) and Merger Sub shall be merged with and
into the Company (the “Merger” and, together with the Texas Merger, the “Mergers”
and together with the other transactions contemplated by the Merger Agreement the “Business Combination”),
and hereby amends and restates in its entirety that certain letter, dated August 20, 2020, from, FAST Sponsor, LLC, a Delaware
limited liability company (the “Sponsor”), and the undersigned individuals, each of whom is a member
of the SPAC’s board of directors and/or management team (each, an “Insider” and collectively, the
“Insiders”), to SPAC (the “Prior Letter Agreement”). Certain capitalized terms
used herein are defined in paragraph 6 hereof. Capitalized terms used but not otherwise defined herein shall have the respective
meanings ascribed to such terms in the Merger Agreement.

 

The Sponsor and certain Insiders are currently,
and as of the Closing will be, the record owners of all of the outstanding Founder Shares and outstanding Private Placement Warrants,
with the Sponsor and Insider’s ownership as of the date hereof detailed on Schedule A hereto.

 

In order to induce the Company, Newco and
SPAC to enter into the Merger Agreement and for other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Sponsor and each Insider hereby agrees with SPAC and, at all times prior to the earlier of any valid termination
of the Merger Agreement or the consummation of the transactions contemplated by the Merger Agreement, the Company as follows:

 

		1.	The Sponsor and each Insider irrevocably agrees that it, he or she shall:

 

		(a)	vote any Common Stock owned by it, him or her (all such Common Stock, the “Covered
Shares”) in favor of the Business Combination and each other proposal related to the Business Combination included
on the agenda for the special meeting of stockholders relating to the Business Combination;

 

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

 

     

     

    

 

		(c)	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 Covered Shares against any Business
Combination Proposal and any other action that would reasonably be expected to impede, interfere with, delay, postpone or adversely
affect the Merger or any of the other transactions contemplated by the Merger Agreement, result in a breach of any covenant, representation
or warranty or other obligation or agreement of SPAC, Newco or Merger Sub under the Merger Agreement, result in any of the conditions
set forth in Article VIII of the Merger Agreement not being fulfilled, result in a breach of any covenant, representation or warranty
or other obligation or agreement of the Sponsor or the Insiders contained in this Sponsor Agreement or change in any manner the
dividend policy or capitalization of, including the voting rights of, any class of capital stock of SPAC;

 

		(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 Covered Shares against any change
in business, management or board of directors of SPAC (other than in connection with the Business Combination and the other proposals
related to the Business Combination); and

 

		(e)	not redeem any Covered Shares owned by it, him or her in connection with such stockholder approval. 

 

Prior to any valid termination
of the Merger Agreement, the Sponsor and each Insider shall take, or cause to be taken, all actions and shall do, or cause to be
done, all things reasonably necessary under applicable Laws to consummate the Business Combination and the other transactions contemplated
by the Merger Agreement on the terms and subject to the conditions set forth therein.

 

The obligations of the Sponsor
specified in this paragraph 1 shall apply whether or not the Merger or any action described above is recommended by the board of
directors of SPAC.

 

		2.	The Sponsor and each Insider hereby agrees and acknowledges that: (a) SPAC and, prior to any valid
termination of the Merger Agreement, the Company may be irreparably injured in the event of a breach by the Sponsor or any Insider
of its, his or her obligations under paragraphs 1 and 3, as applicable, of this Sponsor Agreement (b) monetary damages may not
be an adequate remedy for such breach and (c) the non-breaching party shall be entitled to injunctive relief, in addition to any
other remedy that such party may have in law or in equity, in the event of such breach.

 

		3.	Lock-Up.

 

		(a)	The Sponsor and each Insider agrees that it, he or she shall not Transfer any Founder Shares until
the earlier of (A) one year after the completion of the Business Combination and (B) subsequent to the Business Combination, (x)
if the last sale price of Class A Common Stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends,
reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150
days after the Business Combination or (y) the date on which Newco completes a liquidation, merger, capital stock exchange, reorganization
or other similar transaction that results in all of Newco’s stockholders having the right to exchange their shares of Class
A Common Stock for cash, securities or other property (the “Founder Shares Lock-up Period”).

 

    2

     

    

 

		(b)	The Sponsor and each Insider agrees that it, he or she shall not Transfer any Private Placement
Warrants (or any shares of Class A Common Stock issued or issuable upon the exercise of the Private Placement Warrants), until
30 days after the completion of the Business Combination (the “Private Placement Warrants Lock-up Period”
and, together with the Founder Shares Lock-up Period, the “Lock-up Periods”).

 

		(c)	Notwithstanding the provisions set forth in paragraphs 3(a) and 3(b), Transfers of the Founder
Shares, Private Placement Warrants and shares of Class A Common Stock issued or issuable upon the exercise or conversion of the
Private Placement Warrants, in each case, that are held by the Sponsor, any Insider or any of their permitted transferees (that
have complied with this paragraph 3(c)), are permitted (i) to SPAC’s officers or directors, any affiliate or family member
of any of SPAC’s officers or directors or any affiliate of the Sponsor or to any member(s) of the Sponsor or any of their
affiliates; (ii) in the case of an individual, by gift to a member of such individual’s immediate family or to a trust, the
beneficiary of which is a member of such individual’s immediate family, an affiliate of such individual or to a charitable
organization; (iii) in the case of an individual, by virtue of laws of descent and distribution upon death of such individual;
(iv) in the case of an individual, pursuant to a qualified domestic relations order; (v) by private transfers or transfers made
in connection with any contingent forward purchase agreement or similar arrangement or in connection with the consummation of the
Business Combination at prices no greater than the price at which the shares or warrants were originally purchased; (vi) by virtue
of the laws of the State of Delaware or the Sponsor’s limited liability company agreement upon dissolution of the Sponsor,
(vii) in the event of Newco’s liquidation, merger, capital stock exchange or other similar transaction which results in all
of Newco’s stockholders having the right to exchange their shares of common stock for cash, securities or other property
subsequent to the completion of the Business Combination; provided, however, that in the case of clauses (i) through
(v), these permitted transferees must enter into a written agreement with SPAC or Newco, as applicable, agreeing to be bound by
the transfer restrictions herein and the other restrictions contained in this Agreement (including provisions relating to voting,
the Trust Account and liquidating distributions).

 

		4.	Sponsor Forfeiture. The Sponsor hereby acknowledges and agrees that, immediately prior to
the Effective Time, the Sponsor shall automatically be deemed to irrevocably transfer without further consideration to SPAC, and
surrender and forfeit for no consideration, 2,000,000 Founder Shares (the “Forfeited Securities”) and
that from and after such time the Forfeited Securities shall be deemed to be cancelled and no longer outstanding.

 

		5.	The Sponsor and each Insider has full right and power, without violating any agreement to which
it is bound (including, without limitation, any non-competition or non-solicitation agreement with any employer or former employer),
to enter into this Sponsor Agreement.

 

    3

     

    

 

		6.	As used herein, (i) “Beneficially Own” has the meaning ascribed to it
in Section 13(d) of the Exchange Act; (ii) “Founder Shares” shall mean the outstanding shares of Class
B Common Stock and the shares of Class A Common Stock issuable upon conversion of such shares of Class B Common Stock in connection
with the Closing; (iii) “Transfer” shall mean the (a) sale of, offer to sell, contract or agreement to
sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly,
or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position
within the meaning of Section 16 of the Exchange Act, and the rules and regulations promulgated thereunder, 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); (iv) “Class A
Common Stock” shall mean the Class A common stock, par value $0.0001 per share, of (A) SPAC prior to the Business
Combination and (B) Newco following the Business Combination,; (v) “Class B Common Stock” shall mean
the Class B common stock, par value $0.0001 per share, of SPAC; (vi) “Common Stock” shall mean the Class
A Common Stock and the Class B Common Stock; (vii) “Private Placement Warrants”
shall mean the SPAC Warrants that the Sponsor purchased for an aggregate purchase price $6,000,000, or $1.00 per SPAC Warrant,
in a private placement that occurred simultaneously with the consummation of SPAC’s initial public offering, pursuant to
which the Sponsor is entitled to purchase up to 6,000,000 shares of Class A Common Stock, which warrants will be assumed by Newco
in connection with the Closing; and (viii) “Business Combination Proposal” means any action to initiate,
solicit, facilitate, consider, make or encourage or otherwise facilitate the making of any offers or proposals related to, a Competing
Transaction, enter into, engage in or continue any discussions or negotiations with respect to a Competing Transaction with, or
provide any non-public information, data or access to employees to, any Person that has made, or that is considering making, a
proposal with respect to a Competing Transaction or enter into any agreement relating to a Competing Transaction.

 

		7.	This Sponsor Agreement and the other agreements referenced herein constitute the entire agreement
and understanding of the parties hereto in respect of the subject matter hereof and supersede all prior understandings, agreements,
or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter
hereof or the transactions contemplated hereby, including, without limitation, with respect to the Sponsor, each Insider and the
Prior Letter Agreement. This Sponsor Agreement may not be changed, amended, modified or waived (other than to correct a typographical
error) as to any particular provision, except by a written instrument executed by SPAC and the other parties charged with such
change, amendment, modification or waiver, it being acknowledged and agreed that the Company’s execution of such an instrument
will not be required after any valid termination of the Merger Agreement.

 

		8.	No party hereto may, except as set forth herein, assign either this Sponsor Agreement or any of
its rights, interests or obligations hereunder, other than in conjunction with transfers permitted by paragraph 3, without the
prior written consent of the other parties (except that, following any valid termination of the Merger Agreement, no consent from
the Company shall be required). Any purported assignment in violation of this paragraph shall be void and ineffectual and shall
not operate to transfer or assign any interest or title to the purported assignee. This Sponsor Agreement shall be binding on the
Sponsor, each Insider, SPAC and the Company and their respective successors, heirs, personal representatives and assigns and permitted
transferees.

 

		9.	Nothing in this Sponsor Agreement shall be construed to confer upon, or give to, any person or
corporation other than the parties hereto any right, remedy or claim under or by reason of this Sponsor Agreement or of any covenant,
condition, stipulation, promise or agreement hereof. All covenants, conditions, stipulations, promises and agreements contained
in this Sponsor Agreement shall be for the sole and exclusive benefit of the parties hereto and their successors, heirs, personal
representatives and assigns and permitted transferees.

 

    4

     

    

 

		10.	This Sponsor Agreement may be executed in any number of original, electronic 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.

 

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

 

		12.	This Sponsor Agreement, and all claims or causes of action based upon, arising out of, or related
to this Sponsor Agreement or the transactions contemplated hereby, shall be governed by, and construed in accordance with, the
Laws of the State of Texas, 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. Any Action based upon, arising out of or related to this
Sponsor Agreement or the transactions contemplated hereby may be brought in federal and state courts located in Harris County in
the State of Texas, 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 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 Sponsor 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 paragraph. The prevailing party in any such Action (as determined by a court of competent jurisdiction)
shall be entitled to be reimbursed by the non-prevailing party for its reasonable expenses, including reasonable attorneys’
fees, incurred with respect to such Action. 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 SPONSOR AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

 

		13.	Any notice, consent or request to be given in connection with any of the terms or provisions of
this Sponsor Agreement shall be in writing and shall be sent or given in accordance with the terms of Section 10.02 of the Merger
Agreement to the applicable party at its principal place of business.

 

		14.	This Sponsor Agreement shall automatically terminate on the expiration of the Lock-up Periods.
In the event of a valid termination of the Merger Agreement, this Sponsor Agreement shall be of no force and effect and shall revert
to the Prior Letter Agreement. No such termination or reversion shall relieve the Sponsor, each Insider, SPAC or the Company from
any liability resulting from a breach of this Sponsor Agreement occurring prior to such termination or reversion.

 

    5

     

    

 

		15.	The Sponsor and each Insider hereby represents and warrants (severally and not jointly as to itself,
himself or herself only) to SPAC and the Company as follows: (a) if such Person is not an individual, it is duly organized, validly
existing and in good standing under the laws of the jurisdiction in which it is organized, and the execution, delivery and performance
of this Sponsor Agreement and the consummation of the transactions contemplated hereby are within such Person’s corporate,
limited liability company or other powers and have been duly authorized by all necessary corporate, limited liability company or
other actions on the part of the Sponsor; (b) if such Person is an individual, such Person has full legal capacity, right and authority
to execute and deliver this Sponsor Agreement and to perform his or her obligations hereunder; (c) this Sponsor Agreement has been
duly executed and delivered by such Person and, assuming due authorization, execution and delivery by the other parties to this
Sponsor Agreement, this Sponsor Agreement constitutes a legally valid and binding obligation of such Person, enforceable against
such Person in accordance with the terms hereof (except as enforceability may be limited by bankruptcy Laws, other similar Laws
affecting creditors’ rights and general principles of equity affecting the availability of specific performance and other
equitable remedies); (d) the execution and delivery of this Sponsor Agreement by such Person does not, and the performance by such
Person of his, her or its obligations hereunder will not, (i) if such Person is not an individual, conflict with or result in a
violation of the organizational documents of such Person, or (ii) require any consent or approval that has not been given or other
action that has not been taken by any third party (including under any Contract binding upon such Person or such Person’s
Founder Shares or Private Placement Warrants, as applicable), in each case, to the extent such consent, approval or other action
would prevent, enjoin or materially delay the performance by such Person of his, her or its obligations under this Sponsor Agreement;
(e) there are no Actions pending against such Person or, to the knowledge of such Person, threatened against such Person, before
(or, in the case of threatened Actions, that would be before) any arbitrator or any Governmental Authority, which in any manner
challenges or seeks to prevent, enjoin or materially delay the performance by such Person of its, his or her obligations under
this Sponsor Agreement; (f) except for the fees described on Section 3.05 of the SPAC Disclosure Letter, no financial advisor,
investment banker, broker, finder or other similar intermediary is entitled to any fee or commission from such Person, SPAC, any
of its Subsidiaries or any of their respective Affiliates in connection with the Merger Agreement or this Sponsor Agreement or
any of the respective transactions contemplated thereby and hereby, in each case, based upon any arrangement or agreement made
by or, to the knowledge of such Person, on behalf of such Person, for which Newco, the Company or any of their respective Affiliates
would have any obligations or liabilities of any kind or nature following the consummation of the Business Combination; (g) such
Person has had the opportunity to read the Merger Agreement and this Sponsor Agreement and has had the opportunity to consult with
its tax and legal advisors; (h) such Person has not entered into, and shall not enter into, any agreement that would restrict,
limit or interfere with the performance of such Person’s obligations hereunder; (i) such Person has good title to all such
Founder Shares and Private Placement Warrants set forth opposite such Person’s name on Schedule A, and there exist no Encumbrances
or any other limitation or restriction (including, without limitation, any restriction on the right to vote, sell or otherwise
dispose of such Founder Shares or Private Placement Warrants (other than transfer restrictions under the Securities Act)) affecting
any such Founder Shares or Private Placement Warrants, other than pursuant to (i) this Sponsor Agreement, (ii) the certificate
of incorporation of SPAC, (iii) the Merger Agreement, (iv) the Registration Rights Agreement, dated as of August 20, 2020, by and
among SPAC, the Sponsor and certain security holders party thereto (the “Registration Rights Agreement”),
or (v) any applicable securities laws; (j) the Founder Shares and Private Placement Warrants identified on Schedule A are
the only Founder Shares or Private Placement Warrants owned of record or Beneficially Owned by the Sponsor and the Insiders as
of the date hereof, and none of such Founder Shares or Private Placement Warrants is subject to any proxy, voting trust or other
agreement or arrangement with respect to the voting of such Founder Shares or Private Placement Warrants, except as provided in
this Sponsor Agreement; and (k) solely with respect to the Sponsor, immediately prior to the Effective Time and prior to the forfeiture
of the Forfeited Securities: (i) all of the Forfeited Securities will be owned by the Sponsor and (ii) the Sponsor has, as of the
date hereof and immediately prior to giving effect to the transactions occurring on the Closing Date, valid, good and marketable
title to such Forfeited Securities, free and clear of all Encumbrances (other than Encumbrances pursuant to this Agreement, the
Merger Agreement, the certificate of incorporation of SPAC, the Registration Rights Agreement or any Ancillary Agreement and transfer
restrictions under applicable Laws or the organizational documents of SPAC).

 

    6

     

    

 

		16.	Subject to the terms and conditions of this Sponsor Agreement, (a) the Sponsor hereby unconditionally
and irrevocably agrees to take, or cause to be taken, all actions and to do, or cause to be done, all things necessary, proper
or advisable to consummate and make effective the transactions contemplated by paragraph 4 and (b) from the date hereof until the
earlier of the Closing and the valid termination of the Merger Agreement, the Sponsor shall not enter into any swap or other arrangement
that transfers to another, in whole or in part, any of the economic consequences of ownership of any of the Forfeited Securities.

 

		17.	If, and as often as, (a) there are any changes in SPAC, the Founder Shares or the Private Placement
Warrants by way of stock split, stock dividend, combination or reclassification, or through merger, consolidation, reorganization,
recapitalization or business combination, or by any other similar means that result in the Sponsor acquiring new shares of Common
Stock, SPAC Warrants or any other equity securities of SPAC, (b) the Sponsor purchases or otherwise acquires beneficial ownership
of any shares of Common Stock or SPAC Warrants or other equity securities of SPAC after the date of this Sponsor Agreement or (c)
the Sponsor acquires the right to vote or share in the voting of any shares of Common Stock or other equity securities of SPAC
after the date of this Sponsor Agreement (such shares of Common Stock, SPAC Warrants or other equity securities of SPAC, collectively
the “New Securities”), then, in each case, (i) such New Securities acquired or purchased by the Sponsor
shall be subject to the terms of this Sponsor Agreement to the same extent as if they constituted the shares of Common Stock or
SPAC Warrants owned by the Sponsor as of the date hereof and (ii) if applicable, equitable adjustment shall be made to the provisions
of this Sponsor Agreement as may be required so that the rights, privileges, duties and obligations hereunder shall continue with
respect to SPAC, SPAC’s successor or the surviving entity of such transaction, as applicable, the Founder Shares and SPAC
Warrants, including the Private Placement Warrants, each as so changed.

 

		18.	Each of the parties hereto agrees to execute and deliver hereafter any further document, agreement
or instrument of assignment, transfer or conveyance as may be necessary or desirable to effectuate the purposes hereof and as may
be reasonably requested in writing by another party hereto.

 

[Signature Page Follows]

 

    7

     

    

 

	 	Sincerely,
	 	 
	 	FAST SPONSOR, LLC
	 	 
	 	/s/ William Douglas Jacob
	 	Name: 	William Douglas Jacob
	 	Title:	 Manager

 

	 	/s/ William Douglas Jacob
	 	William Douglas Jacob 
	 	 
	 	/s/ Sandy Beall
	 	Sandy Beall
	 	 
	 	/s/ Kevin Reddy
	 	Kevin Reddy
	 	 
	 	/s/ Garrett Schreiber
	 	Garrett Schreiber
	 	 
	 	/s/ Todd Higgins
	 	Todd Higgins
	 	 
	 	/s/ Kimberly Grant
	 	Kimberly Grant
	 	 
	 	/s/ Ramin Arani
	 	Ramin Arani
	 	 
	 	/s/ Alice Eilliot
	 	Alice Eilliot
	 	 
	 	/s/ Sanjay Chadda
	 	Sanjay Chadda
	 	 
	 	/s/ Steve Kassin
	 	Steve Kassin

 

    8

     

    

 

	
        

        Acknowledged and Agreed:
	 
	 	 
	FAST ACQUISITION CORP.	 
	 	 	 
	
        

        By:
	
        /s/ Sandy Beall 
	 
	 	Name: 	Sandy Beall	 
	 	Title: 	Chief Executive Officer	 

 

	Acknowledged and Agreed:	 
	 	 
	FERTITTA ENTERTAINMENT, INC. 	 
	 	 	 
	
        

        By:
	
        /s/ Tilman J. Fertitta
	 
	 	Name: 	Tilman J. Fertitta	 
	 	Title: 	Chief Executive Officer	 

 

    9

     

    

 

Schedule A

 

Sponsor Ownership of Securities

 

	Sponsor	 	Founder 

Shares	 	 	Private 

Placement 

Warrants	 
	FAST Sponsor, LLC	 	 	5,000,000	 	 	 	6,000,000	 
	Total	 	 	5,000,000	 	 	 	6,000,000	 

 

 

10

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