Document:

Exhibit 10.2

 

Execution Version

 

TRANSACTION SUPPORT AGREEMENT

 

This TRANSACTION SUPPORT AGREEMENT,
dated as of February 16, 2022 (this “Agreement”), is by and among Concord Acquisition Corp, a Delaware corporation
(“Concord”) and certain of the shareholders of the Company (as defined below) whose names appear on the signature pages
of this Agreement (each, a “Shareholder” and, collectively, the “Shareholders”).

 

WHEREAS, Concord and the Shareholders
are parties to that certain Transaction Support Agreement dated July 7, 2021 (the “Prior Agreement”) which was entered
into in connection with that certain Business Combination Agreement dated July 7, 2021;

 

WHEREAS, Concord and the Shareholders
desire to terminate and supersede the Prior Agreement by entering into this Agreement;

 

WHEREAS, Concord, Circle Acquisition
Public Limited Company, a public company limited by shares incorporated in Ireland (“Topco”), Topco (Ireland) Merger
Sub, Inc., a Delaware corporation (“Topco Merger Sub”) and Circle Internet Financial Limited, a private company limited
by shares incorporated in Ireland (the “Company”) propose to enter into, simultaneously herewith, a transaction agreement
in the form attached hereto as Exhibit B (the “Transaction Agreement”; capitalized terms used but not defined
in this Agreement shall have the meanings ascribed to them in the Transaction Agreement), which provides for, among other things, a business
combination among Concord, Topco, Topco Merger Sub and the Company; and

 

WHEREAS, as of the date hereof,
each Shareholder owns of record and/or beneficially the number and class of Company Shares as set forth opposite such Shareholder’s
name on Exhibit A hereto (all such Company Shares and any Company Shares of which ownership of record or the power to vote or dispose
is hereafter acquired by the Shareholders prior to the termination of this Agreement being referred to herein as the “Shares”).

 

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

 

1.
Agreement to Vote. Subject to the earlier termination of this Agreement in accordance with Section 6, each Shareholder,
by this Agreement, with respect to its Shares, severally and not jointly, hereby agrees to vote (or cause to be voted), at any meeting
(including, for the avoidance of doubt, any general meeting, including the EGM, class meeting and any general and/or class meeting of
the Company convened in accordance with Chapter 1 of Part 9 of the Act to approve the Scheme) of the Shareholders of the Company following
the time at which the Registration Statement/Proxy Statement is declared effective under the Securities Act, and in any action by written
consent of the Shareholders of the Company (which written consent shall be delivered promptly, and in any event within two (2) business
days, following the time at which the Registration Statement/Proxy Statement is declared effective under the Securities Act), all of such
Shareholder’s Shares held by such Shareholder at such time (i) in favor of the approval and adoption of the Transaction Agreement
and approval of the Transactions, including the Scheme of Arrangement, (ii) against any Alternative Transaction and (iii) against any
action, agreement or transaction or proposal that would result in a breach of any covenant, representation or warranty or any other obligation
or agreement of the Company under the Transaction Agreement or that would reasonably be expected to result in the failure of the Transactions
from being consummated. Each Shareholder acknowledges receipt and review of a copy of the Transaction Agreement.

 

     

     

    

 

2.
Termination of Company Shareholder Agreements. Each Shareholder, by this Agreement, with respect to its Shares, severally
and not jointly, hereby agrees to terminate, subject to the occurrence of, and effective immediately prior to, the Scheme Effective Time,
(a) that certain Investor Rights Agreement, dated May 14, 2018, among the Company and the shareholders of the Company named therein (the
“Investor Rights Agreement”), (b) that certain Share Sale Agreement, dated May 14, 2018, among the Company and the
shareholders of the Company named therein (the “Share Sale Agreement”) and (c) that certain Voting Agreement, dated
May 14, 2018, by and among the Company and the shareholders of the Company named therein (the “Voting Agreement” and,
together with the Investor Rights Agreement and the Share Sale Agreement, the “Company Shareholder Agreements”), and
(d) if applicable to such Shareholder, any rights under any other agreement providing for redemption rights, put rights, purchase rights,
information rights, rights to consult with and advise management, inspection rights, preemptive rights, Company Board observer rights
or rights to receive information delivered to the Company Board or other similar rights not generally available to shareholders of the
Company between such Shareholder and the Company, but excluding, for the avoidance of doubt, any rights such Shareholder may have that
relate to any commercial or employment agreements or arrangements between such Shareholder and the Company or any subsidiary, which shall
survive in accordance with their terms.

 

3.
Transfer of Shares. Subject to the earlier termination of this Agreement in accordance with Section 6 or the Closing,
each Shareholder, severally and not jointly, agrees that it shall not, directly or indirectly, (x) sell, assign, transfer (including by
operation of law), lien, pledge, dispose of or otherwise encumber any of the Shares or otherwise agree to do any of the foregoing, except
for a sale, assignment or transfer (i) pursuant to the Transaction Agreement, (ii) to another shareholder of the Company that is a party
to this Agreement and bound by the terms and obligations hereof or (iii) in a Permitted Transfer, (y) deposit any Shares into a voting
trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect thereto that is inconsistent
with this Agreement or (z) except as otherwise contemplated in the Transaction Agreement, enter into any contract, option or other arrangement
or undertaking with respect to the direct or indirect acquisition or sale, assignment, transfer (including by operation of law) or other
disposition of any Shares. A “Permitted Transfer” shall mean any sale(s), assignment(s) or transfer(s): (a) to an affiliate
of such Shareholder; (b) as a bona fide gift or gifts, or to a charitable organization; (c) to a trust, or other entity formed for estate
planning purposes for the primary benefit of the spouse, domestic partner, parent, sibling, child or grandchild of the undersigned or
any other person with whom the undersigned has a relationship by blood, marriage or adoption not more remote than first cousin; (d) if
the Shareholder is an individual, by will or intestate succession upon the death of such Shareholder; (e) by operation of law, such as
pursuant to a qualified domestic order or the dissolution of marriage or civil union (including, without limitation, a divorce settlement);
(f) if the Shareholder is a corporation, partnership (whether general, limited or otherwise), limited liability company, trust or other
business entity, to another corporation, partnership, limited liability company, trust, syndicate, association or other business entity
that controls, is controlled by or is under common control or management with the undersigned or its affiliates; (g) in a Secondary Sale
Transfer, with the proceeds of any Secondary Sale Transfers not to exceed an aggregate of $50,000,000; provided, that in each Permitted
Transfer, such transferee shall execute this Agreement or a joinder agreeing to become a party to this Agreement; and (h) to Circle Internet
Trust Company (a private company limited by shares incorporated in Ireland) as trustee for the benefit of the Shareholder.

 

    2

     

    

 

4.
No Solicitation of Transactions; Waiver of Appraisal Rights.

 

(a) Each
of the Shareholders, severally and not jointly, agrees not to, and shall cause its Representatives not to, directly or indirectly, (i)
initiate, solicit, knowingly facilitate or knowingly encourage (including by way of furnishing non-public information), whether publicly
or otherwise, any inquiries with respect to, or the making of, any Alternative Transaction, (ii) engage 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
an Alternative Transaction, (iii) enter into, engage in and maintain discussions or negotiations with respect to any Alternative Transaction
(or inquiries, proposals or offers or other efforts that could reasonably be expected to lead to any Alternative Transaction) or otherwise
cooperate with or assist or participate in, or knowingly facilitate any such inquiries, proposals, offers, efforts, discussions or negotiations,
(iv) amend or grant any waiver or release under any standstill or similar agreement with respect to any class of equity securities of
the Company, (v) approve, vote in favor for, endorse or recommend, or propose publicly to approve, endorse or recommend, any Alternative
Transaction, (vi) approve, endorse, recommend, execute or enter into any agreement in principle, letter of intent, memorandum of understanding,
term sheet, acquisition agreement, merger agreement, option agreement, joint venture agreement, partnership agreement or other written
arrangement relating to any Alternative Transaction or any proposal or offer that could reasonably be expected to lead to an Alternative
Transaction, or (vii) resolve or agree to do any of the foregoing or otherwise authorize or permit any of its Representatives to take
any such action. On execution of this Agreement, each Shareholder shall, and shall instruct its Representatives to, immediately cease
any solicitations, discussions or negotiations with any person (other than the parties to the Transaction Agreement and their respective
Representatives) in connection with an Alternative Transaction (other than the Transactions). Each Shareholder may only respond to any
unsolicited proposal regarding an Alternative Transaction by indicating that the Company is subject to the Transaction Agreement and such
Shareholder is unable to provide any information related to the Company or entertain any proposals or offers or engage in any negotiations
or discussions concerning an Alternative Transaction for as long as the Transaction Agreement remains in effect.

 

(b) Each
Shareholder hereby agrees not to assert, exercise or perfect, directly or indirectly, and irrevocably and unconditionally waives, any
appraisal rights (including under Section 262 of the DGCL) with respect to the Merger and any rights to dissent with respect to the Merger
or to oppose any reorganization or amendment designed to facilitate drag along rights or otherwise facilitate the Transaction Agreement.
Each Shareholder hereby further agrees that it will take no action which may prevent or unduly delay: (i) the approval of the Scheme of
Arrangement, including at the Irish High Court hearing to sanction the Scheme, or (ii) the effectiveness of the Scheme of Arrangement.

 

5.
Representations and Warranties. Each Shareholder, severally and not jointly, represents and warrants to Concord as follows:

 

(a) The
execution, delivery and performance by such Shareholder of this Agreement and the consummation by such Shareholder of the
transactions contemplated hereby do not and will not (i) conflict with or violate any United States or non-United States statute,
law, ordinance, regulation, rule, code, executive order, injunction, judgment, decree or other order applicable to such Shareholder,
(ii) result in the creation of any encumbrance on any Shares (other than under this Agreement, the Transaction Agreement and the
agreements contemplated by the Transaction Agreement) or (iii) conflict with or result in a breach of or constitute a default under
any provision of such Shareholder’s governing documents or any agreement (including any voting agreement or letter agreement
with the Company) to which such Shareholder is a party.

 

(b)
As of the date of this Agreement, such Shareholder owns exclusively of record and has good and valid title to, and/or owns beneficially,
the Shares set forth opposite such Shareholder’s name on Exhibit A free and clear of any security interest, lien, claim,
pledge, proxy, option, right of first refusal, agreement, voting restriction, limitation on disposition, charge, adverse claim of ownership
or use or other encumbrance of any kind, other than pursuant to (i) this Agreement, (ii) applicable securities laws, (iii) the Company
Organizational Documents and (iv) the Company Shareholder Agreements, and as of the date of this Agreement, such Shareholder has the sole
power (as currently in effect) to vote and right, power and authority to sell, transfer and deliver such Shares, and such Shareholder
does not own, directly or indirectly, any other Shares.

 

    3

     

    

 

(c)
Such Shareholder has the power, authority and capacity to execute, deliver and perform this Agreement and this Agreement has been
duly authorized, executed and delivered by such Shareholder.

 

(d)
There are no outstanding loans or advances from such Shareholder or their respective affiliates to the Company or its subsidiaries
or vice versa.

 

6.
Termination. This Agreement and the obligations of the Shareholders under this Agreement shall automatically terminate upon
the earliest of (a) the Merger Effective Time; and (b) the six month anniversary of the termination of the Transaction Agreement in the
event the Transaction Agreement is terminated and the Company Termination Fee is payable in accordance therewith; provided, however,
that this Section 6(b) shall not apply in the event of and with respect to an initial public offering by the Company following
termination of this Agreement, (c) the effective date of a written agreement of the parties hereto terminating this Agreement, (d) any
change to the form of consideration (other than to add additional consideration) or decrease in the amount of consideration payable in
the Transactions and (e) any change to the terms of the Transaction Agreement or other Transaction Documents that adversely effects, in
any respect, or is reasonably likely to adversely effect, in any respect, any Shareholder party to this Agreement relative to other holders
of Equity Interests of the Company. Upon termination of this Agreement, neither party shall have any further obligations or liabilities
under this Agreement; provided that nothing in this Section 6 shall relieve any party of liability for any willful material breach
of this Agreement occurring prior to termination. The representations and warranties 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.

 

7.
Termination of Prior Agreement. Pursuant to Section 6 of the Prior Agreement, the Prior Agreement may be terminated
by the written agreement of all the parties thereto. Concord and the Shareholders, representing all of the parties to the Prior Agreement,
hereby terminate the Prior Agreement in all respects and acknowledge and agree that this Agreement shall supersede the Prior Agreement.

 

8.
Miscellaneous.

 

(a)
Except as otherwise provided herein, all costs and expenses incurred in connection with this Agreement and the transactions contemplated
hereby shall be paid by the party incurring such costs and expenses, whether or not the transactions contemplated hereby are consummated.

 

(b)
All notices, requests, claims, demands and other communications hereunder shall be in writing and shall be given (and shall be
deemed to have been duly given upon receipt) by delivery in person, by e-mail or by registered or certified mail (postage prepaid, return
receipt requested) to the respective parties at the following addresses or e-mail addresses (or at such other address or email address
for a party as shall be specified in a notice given in accordance with this Section 8(b)):

 

If to Concord, to
it at:

 

Concord Acquisition
Corp

477 Madison Avenue,
22nd Floor

New York, NY 10022

Attention: Michele
J. Cito

Email: mcito@atlasmerchantcapital.com

 

    4

     

    

 

with a copy to:

 

Greenberg Traurig,
P.A.

333 SE 2nd
Avenue, Suite 4400

Miami, FL 33131

Attention: Alan I. Annex, Esq.

Email: annexa@gtlaw.com

 

If to Company, to
it at:

 

Circle Internet Financial
Limited

332 Congress Street

4th Floor

Boston, MA 02210

Attention: Legal
Department

Email: legal@circle.com

 

with a copy to:

 

Goodwin Procter LLP

100 Northern Avenue

Boston, MA 02210

Attention : William,
Schnoor, John Mutkoski and Gregg Katz

Email: wschnoor@goodwinlaw.com, jmutkoski@goodwinlaw.com
and

gkatz@goodwinlaw.com

 

If to a Shareholder,
to the address or email address set forth for Shareholder on the signature page hereof.

 

(c)
If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule of law, or public
policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic
or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any party. Upon such determination
that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith
to modify this Agreement so as to effect the original intent of the parties as closely as possible in a mutually acceptable manner in
order that the transactions contemplated hereby be consummated as originally contemplated to the fullest extent possible.

 

(d)
This Agreement constitutes the entire agreement among the parties with respect to the subject matter hereof and supersedes all
prior agreements and undertakings, both written and oral, among the parties, or any of them, with respect to the subject matter hereof.
This Agreement shall not be assigned (whether pursuant to a merger, by operation of law or otherwise), by any party without the prior
express written consent of the other parties hereto.

 

(e)
This Agreement shall be binding upon and inure solely to the benefit of each party hereto and their respective permitted assigns,
and nothing in this Agreement, express or implied, is intended to or shall confer upon any other person any right, benefit or remedy of
any nature whatsoever under or by reason of this Agreement. No Shareholder shall be liable for the breach by any other Shareholder of
this Agreement.

 

    5

     

    

 

(f) 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 (i) Concord and (ii) Shareholders holding a majority of the Company Shares set forth on Exhibit
A.

 

(g)
The parties hereto agree that irreparable damage would occur in the event any provision of this Agreement was not performed in
accordance with the terms hereof and that the parties shall be entitled to specific performance of the terms hereof, in addition to any
other remedy at law or in equity.

 

(h)
This Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware applicable to contracts
executed in and to be performed in that State. All Actions arising out of or relating to this Agreement shall be heard and determined
exclusively in any Delaware Chancery Court. The parties hereto hereby (i) submit to the exclusive jurisdiction of the Delaware Chancery
Court for the purpose of any Action arising out of or relating to this Agreement brought by any party hereto, and (ii) irrevocably waive,
and agree not to assert by way of motion, defense, or otherwise, in any such Action, any claim that it is not subject personally to the
jurisdiction of the above-named courts, that its property is exempt or immune from attachment or execution, that the Action is brought
in an inconvenient forum, that the venue of the Action is improper, or that this Agreement or the transactions contemplated hereunder
may not be enforced in or by any of the above-named courts. Notwithstanding the foregoing, the Scheme of Arrangement and matters related
thereto shall, to the extent required by the laws of Ireland, and the interpretation of the duties of the directors of the Company, be
governed by and construed in accordance with the laws of Ireland and the courts of Ireland shall have exclusive jurisdiction to settle
any disputes relating to such matters, and any proceedings, suits or actions arising out of or in connection with such matters shall therefore
be brought in the courts of Ireland.

 

(i) This Agreement may be executed and delivered (including by facsimile or portable document format (pdf) transmission) in counterparts,
and by the different parties hereto in separate counterparts, each of which when executed shall be deemed to be an original but all of
which taken together shall constitute one and the same agreement.

 

(j) Each Shareholder hereby consents to and authorizes the Company and Concord to publish and disclose in any announcement or disclosure
required by the SEC and any other applicable securities regulators such Shareholder’s identity and ownership of Shares and the nature
of such Shareholder’s obligations under this Agreement.

 

(k) At the
request of Concord, in the case of any Shareholder, or at the request of the Shareholders, in the case of Concord, and without
further consideration, each party shall execute and deliver or cause to be executed and delivered such additional documents and
instruments and take such further action as may be reasonably necessary to consummate the transactions contemplated by this
Agreement.

 

(l) This
Agreement shall not be effective or binding upon any Shareholder until after such time as the Transaction Agreement is executed and
delivered by the Company, Concord, Topco and Topco Merger Sub.

 

(m) Notwithstanding
anything herein to the contrary, each Shareholder signs this Agreement solely in such Shareholder’s capacity as a shareholder
of the Company, and not in any other capacity and this Agreement shall not limit its capacity, if applicable, as an officer or
director of the Company. Notwithstanding anything in this Agreement to the contrary, nothing contained herein shall restrict any
Shareholder’s exercise of fiduciary duties, if owed, to the Company or its shareholders in such Shareholder’s capacity
as an officer or director of the Company.

 

(n)
Each of the parties hereto hereby waives to the fullest extent permitted by applicable law any right it may have to a trial by
jury with respect to any litigation directly or indirectly arising out of, under or in connection with this Agreement. Each of the parties
hereto (i) certifies that 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 and (ii) acknowledges that it and the other parties
hereto have been induced to enter into this Agreement and the transactions contemplated hereby, as applicable, by, among other things,
the mutual waivers and certifications in this Section 8(n).

 

[Signature pages follow]

 

    6

     

    

 

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

 

CONCORD ACQUISITION CORP

 

	By:	/s/ Jeff Tuder
	 
	Name: 	Jeff Tuder
	 
	Title:	Chief Executive Officer	 

 

[Signature Page to Transaction
Support Agreement]

 

     

     

    

 

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

 

SHAREHOLDERS:

 

JEREMY ALLAIRE

 

	By:	/s/ Jeremy Allaire	 
	Name: 	Jeremy Allaire	 
	Title:	Chairman and CEO	 
	Address: 99 High Street, Suite 1701, Boston, MA 02110	 

 

[Signature Page to Transaction
Support Agreement]

 

     

     

    

 

EXHIBIT B

 

TRANSACTION AGREEMENTExhibit 10.3

 

Execution Version

 

TERMINATION
OF BUSINESS COMBINATION AGREEMENT

 

Termination
of Business Combination Agreement, dated as of February 16, 2022 (this “Termination”), among Concord Acquisition Corp,
a Delaware corporation (“Concord”), Circle Internet Finance Public Limited Company (formerly known as Circle Acquisition
Public Limited Company), a public company limited by shares incorporated in Ireland (“Topco”), Topco (Ireland) Merger
Sub, Inc., a Delaware corporation (“Topco Merger Sub”), and Circle Internet Financial Limited, a private company limited
by shares incorporated in Ireland (the “Company”). Capitalized terms used and not defined herein shall have the meanings
ascribed to them in the BCA (as defined below). Section references used herein are to the respective sections of the BCA. Concord, Topco,
Topco Merger Sub and the Company are collectively referred to as the “Parties” and each as a “Party”.

 

WHEREAS,
Concord, Topco, Topco Merger Sub and the Company are parties to that certain Business Combination Agreement, dated as of July 7, 2021
(the “BCA”); and

 

WHEREAS,
the Parties wish to mutually terminate the BCA in accordance with the provisions thereof.

 

NOW,
THEREFORE, for good and valuable consideration, the receipt of which is hereby acknowledged, the Parties hereby agree as follows:

 

		1.	The
                                            BCA is hereby terminated, effective immediately, pursuant to Section 11.01(a) of the BCA.

 

		2.	The
                                            effect of the termination of the BCA shall be as set forth in Section 11.02 of the BCA.

 

		3.	Each
                                            Party hereby agrees not to (a) initiate any communications with respect to the other Parties,
                                            the BCA or the Transactions, except as set forth in Section 4 below, (b) make, publish or
                                            communicate to any person or in any public or private forum or through any medium, any disparaging,
                                            damaging or demeaning statements about the other Parties or their respective affiliates,
                                            or any of their respective officers, directors, employees, or agents, or (c) otherwise engage,
                                            directly or indirectly, in any communications with any person that may be disparaging to
                                            the other Parties and their respective affiliates that may damage the reputation or goodwill
                                            of the other Parties or their respective affiliates, or that may place the other Parties
                                            or their respective affiliates in any false or negative light. Each Party hereby represents
                                            to the other Parties that it has not engaged in any of the actions and communications described
                                            in the foregoing clauses (b) and (c) of this Section 3 prior to the date hereof.

 

		4.	The
                                            Parties shall issue a press release relating to this Termination in the form of Exhibit A
                                            hereto. Concord shall file the Form 8-K in the form of Exhibit B hereto.
                                            Thereafter, except for disclosure or communication required by applicable Law or stock exchange
                                            rule or in response to any request by any Governmental Authority, no Party shall issue any
                                            press release with respect to the other Parties, the Transactions and/or this Termination
                                            without the prior written consent of such other Parties; provided that, prior to any disclosure
                                            or communication required by applicable Law or stock exchange rule or in response to a request
                                            by a Governmental Authority, Concord and Sponsor, on the one hand, and the Company, Topco
                                            and Topco Merger Sub, on the other hand shall (i) use their reasonable best efforts to consult
                                            with each other before making any such disclosure, communication or response and (ii) to
                                            the fullest extent permitted by applicable Law, first allow the other to review such disclosure,
                                            communication or response and the opportunity to comment thereon, and shall consider such
                                            comments in good faith.

 

     

     

    

 

		5.	Concord
                                            and Sponsor, for themselves, and on behalf of each of their respective affiliates, equity
                                            holders, partners, joint venturers, lenders, administrators, representatives, shareholders,
                                            parents, subsidiaries, officers, directors, attorneys, agents, employees, legatees, devisees,
                                            executors, trustees, beneficiaries, insurers, predecessors, successors, heirs and assigns,
                                            hereby absolutely, forever and fully release and discharge the Company, Topco, Topco Merger
                                            Sub and their affiliates and each of their respective present and former direct and indirect
                                            equity holders, directors, officers, employees, predecessors, partners, shareholders, joint
                                            venturers, administrators, representatives, affiliates, attorneys, agents, brokers, insurers,
                                            parent entities, subsidiary entities, successors, heirs, and assigns, and each of them, from
                                            all claims, contentions, rights, debts, liabilities, demands, accounts, reckonings, obligations,
                                            duties, promises, costs, expenses (including, without limitation, attorneys’ fees and
                                            costs), liens, indemnification rights, damages, losses, actions, and causes of action, of
                                            any kind whatsoever, whether due or owing in the past, present or future and whether based
                                            upon contract, tort, statute or any other legal or equitable theory of recovery, and whether
                                            known or unknown, suspected or unsuspected, asserted or unasserted, fixed or contingent,
                                            matured or unmatured, with respect to, pertaining to, based on, arising out of, resulting
                                            from, or relating to the BCA, the Ancillary Agreements and the Transactions (the “Concord
                                            Released Claims”).

 

		6.	The
                                            Company, Topco and Topco Merger Sub, for themselves, and on behalf of each of their respective
                                            affiliates, equity holders, partners, joint venturers, lenders, administrators, representatives,
                                            shareholders, parents, subsidiaries, officers, directors, attorneys, agents, employees, legatees,
                                            devisees, executors, trustees, beneficiaries, insurers, predecessors, successors, heirs and
                                            assigns, hereby absolutely, forever and fully release and discharge Concord, Sponsor and
                                            their affiliates and each of their respective present and former direct and indirect equity
                                            holders, directors, officers, employees, predecessors, partners, shareholders, joint venturers,
                                            administrators, representatives, affiliates, attorneys, agents, brokers, insurers, parent
                                            entities, subsidiary entities, successors, heirs, and assigns, and each of them, from all
                                            claims, contentions, rights, debts, liabilities, demands, accounts, reckonings, obligations,
                                            duties, promises, costs, expenses (including, without limitation, attorneys’ fees and
                                            costs), liens, indemnification rights, damages, losses, actions, and causes of action, of
                                            any kind whatsoever, whether due or owing in the past, present or future and whether based
                                            upon contract, tort, statute or any other legal or equitable theory of recovery, and whether
                                            known or unknown, suspected or unsuspected, asserted or unasserted, fixed or contingent,
                                            matured or unmatured, with respect to, pertaining to, based on, arising out of, resulting
                                            from, or relating to the BCA, the Ancillary Agreements and the Transactions (the “Company
                                            Released Claims,” and together with the Concord Released Claims, the “Released
                                            Claims”).

 

		7.	Notwithstanding
                                            anything contained in this Termination to the contrary, it is the express intention of the
                                            Parties that the Released Claims released pursuant to Sections 5 and 6 of this Termination
                                            do not include claims, if any, based upon a breach of this Termination or a breach of the
                                            Confidentiality Agreement (as defined below).

 

		8.	Each
                                            Party acknowledges and understands that there is a risk that subsequent to the execution
                                            of this Termination, each Party may discover, incur or suffer Released Claims that were unknown
                                            or unanticipated at the time of the execution of this Termination, and which, if known on
                                            the date of the execution of this Termination, might have materially affected such Party’s
                                            decision to enter into and execute this Termination. Each Party further agrees that by reason
                                            of the releases contained herein, each Party is assuming the risk of such unknown Released
                                            Claims and agrees that this Termination applies thereto.

 

		9.	Except
                                            as otherwise provided in Section 4, the Parties hereby acknowledge and agree that each Party
                                            continues to be bound by the Confidentiality Agreement, dated as of February 10, 2021 (the
                                            “Confidentiality Agreement”), between Concord and Circle Internet Financial,
                                            LLC, and that all information obtained pursuant to the BCA shall be kept confidential in
                                            accordance with the Confidentiality Agreement.

 

    2

     

    

 

		10.	If
                                            any term or other provision of this Termination is invalid, illegal or incapable of being
                                            enforced by any rule of law, or public policy, all other conditions and provisions of this
                                            Termination shall nevertheless remain in full force and effect so long as the economic or
                                            legal substance of the transactions contemplated by this Termination are not affected in
                                            any manner materially adverse to any party. Upon such determination that any term or other
                                            provision is invalid, illegal or incapable of being enforced, the Parties shall negotiate
                                            in good faith to modify this Termination so as to effect the original intent of the Parties
                                            as closely as possible in a mutually acceptable manner in order that the transactions contemplated
                                            by this Termination be consummated as originally contemplated to the fullest extent possible.

 

		11.	This
                                            Termination shall be governed by, and construed in accordance with, the Laws of the State
                                            of Delaware applicable to contracts executed in and to be performed in such State. Any Action
                                            arising out of or relating to this Termination shall, to the fullest extent permitted by
                                            applicable Law, be heard and determined exclusively in the Court of Chancery of the State
                                            of Delaware; provided that if jurisdiction is not available in such court, then any
                                            such Action may be brought in any federal court located in the State of Delaware or any other
                                            Delaware state court. To the fullest extent permitted by applicable Law, the Parties hereby
                                            (a) irrevocably submit to the exclusive jurisdiction of the aforesaid courts for themselves
                                            and with respect to their respective properties for the purpose of any Action arising out
                                            of or relating to this Termination brought by any Party and (b) agree not to commence
                                            any such Action except in the courts described above in Delaware, other than any Action in
                                            any court of competent jurisdiction to enforce any judgment, decree or award rendered by
                                            any such court in Delaware as described herein. To the fullest extent permitted by applicable
                                            Law, each of the Parties hereby irrevocably and unconditionally waives, and agrees not to
                                            assert, by way of motion or as a defense, counterclaim or otherwise, in any Action arising
                                            out of or relating to this Termination, (i) any claim that it is not personally subject to
                                            the jurisdiction of the courts in Delaware as described herein for any reason, (ii) that
                                            it or its property is exempt or immune from jurisdiction of any such court or from any legal
                                            process commenced in such courts (whether through service of notice, attachment prior to
                                            judgment, attachment in aid of execution of judgment, execution of judgment or otherwise)
                                            and (iii) that (A) the Action in any such court is brought in an inconvenient forum,
                                            (B) the venue of such Action is improper or (C) this Termination, or the subject matter hereof,
                                            may not be enforced in or by such courts. Each of the Parties hereby waives to the fullest
                                            extent permitted by applicable Law, any right it may have to a trial by jury with respect
                                            to any Action directly or indirectly arising out of or relating to this Termination. Each
                                            of the Parties (a) certifies that no Representative, agent or attorney of any other
                                            party has represented, expressly or otherwise, that such other party would not, in the event
                                            of any Action, seek to enforce that foregoing waiver and (b) acknowledges that it and
                                            the other Parties have been induced to enter into this Termination, as applicable, by, among
                                            other things, the mutual waivers and certifications in this Section 11.

 

		12.	This
                                            Termination may be executed and delivered (including by facsimile or portable document format
                                            (pdf) transmission) in one or more counterparts, and by the different Parties in separate
                                            counterparts, each of which when executed shall be deemed to be an original but all of which
                                            taken together shall constitute one and the same agreement.

 

		13.	This
                                            Termination may only be amended in writing by the Parties.

 

		14.	Each
                                            Party hereby agrees to pay the expenses (including the fees and expenses of counsel, accountants,
                                            investment bankers, experts and consultants) incurred by such Party in connection with the
                                            BCA and the Transactions in accordance with Section 11.03 of the BCA.

 

[Signature
Page Follows.]

 

    3

     

    

 

IN
WITNESS WHEREOF, the undersigned have executed this Termination as of the date written above.

 

	 	CONCORD ACQUISITION CORP
	 	 
	 	By	/s/
Jeff Tuder                      
	 	Name: 	Jeff Tuder
	 	Title:	Chief Executive Officer
	 	 	 
	 	CIRCLE INTERNET FINANCE PUBLIC LIMITED COMPANY
	 	 
	 	By	/s/ Jeremy Allaire
	 	Name:	Jeremy Allaire
	 	Title:	Chief Executive Officer
	 	 	 
	 	TOPCO (IRELAND) MERGER SUB, INC.
	 	 
	 	By	/s/ Jeremy
Allaire
	 	Name:	Jeremy Allaire
	 	Title:	Chief Executive Officer
	 	 	 
	 	CIRCLE INTERNET FINANCIAL LIMITED
	 	 
	 	By	/s/ Jeremy Allaire
	 	Name:	Jeremy Allaire
	 	Title:	Chief Executive Officer 

  

    4

     

    

 

Exhibit
A

 

Press
Release

 

See
attached.

 

 

 

 

 

 

  

     

     

    

 

Exhibit
B

 

Form
8-K

 

See
attached.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00340-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00340-of-00352.parquet"}]]