the authenticity, accuracy and completeness of all Documents and other documentation examined by us submitted to us as originals and the conformity to authentic original documents of all Documents and other such documentation submitted to us as certified, conformed, notarised or photostatic copies;

that each of the Documents and other such documentation which was received by electronic means is complete, intact and in conformity with the transmission as sent;

there will be no changes to the form of the Documents provided to us, save as authorised pursuant to the resolutions of the board of directors of the Company on 19 February 2021 (“Resolutions”);

that any factual statements made in any of the Documents are true, accurate and complete;

that, in accordance with the plan of merger dated as of December 7, 2020 (the “Merger Agreement”) between, inter alios, the Company, Paysafe Merger Sub Inc. (“Merger Sub”) and Foley Trasimene Acquisition Corp. II, a Delaware corporation (“FTAC”), and the warrant agreement dated as of August 21 2020 between FTAC and Continental Stock Transfer & Trust Company (“Warrant Agreement”) creating the Non-Founder FTAC Warrants, each Non-Founder FTAC Warrant that is outstanding immediately prior to the Effective Time (as defined in the Merger Agreement) shall be assumed by the Company and will automatically and irrevocably be modified to provide that such Non-Founder FTAC Warrant shall entitle the holder thereof to acquire such number of Common Shares per Non-Founder FTAC Warrant, subject to adjustments as provided in the Warrant Agreement, that such holder would have received pursuant to the terms and conditions of the Warrant Agreement if such holder had exercised his, her or its Non-Founder FTAC Warrants immediately prior thereto;

that there are no provisions of the laws or regulations of any jurisdiction other than Bermuda which would have any implication in relation to the opinions expressed in this Opinion and that, in so far as any obligation under, or action to be taken in connection with the offering and sale of the Common Shares and Warrants (together the “Securities”), or exchange of the Non-Founder FTAC Warrants pursuant to the Warrant Assumption Agreement, is required to be performed or taken in any jurisdiction outside Bermuda, the performance of such obligation or the taking of such action will not be unlawful by virtue of the laws of that jurisdiction; and

that the records which were the subject of the search referred to in paragraph 8 of the Schedule to this Opinion were complete and accurate at the time of such search and disclosed all information which is material for the purposes of this Opinion and such information has not since such date been materially altered.

The Company is an exempted company incorporated with limited liability and existing under the laws of Bermuda and is in good standing under the laws of Bermuda; and

The Common Shares are duly authorised, and when validly issued will constitute fully paid and non-assessable Common Shares of the Company.

The Warrants are duly authorised, and, when validly issued and exercised, will convert into fully paid and non-assessable Common Shares of the Company.

The Warrant Assumption Agreement has been duly authorised by the Company and will, when executed by a signatory authorised in the Resolutions and delivered by the Company, constitute valid and binding legal obligations of the Company.

We express no opinion as to any law other than Bermuda law and none of the opinions expressed in this Opinion relates to compliance with or matters governed by the laws of any jurisdiction except Bermuda. This Opinion is limited to Bermuda law as applied by the courts of Bermuda at the date of this Opinion.

Any reference in this Opinion to Common Shares being “non-assessable” shall mean, in relation to fully-paid Common Shares and subject to any contrary provision in any agreement between the Company and the holder of the Common Shares, that no shareholder shall be obliged, in respect of those Common Shares, to contribute further amounts to the capital of the Company, either in order to complete payment for those shares, to satisfy claims of creditors of the Company, or otherwise; and no shareholder of the Company shall be bound by an alteration of the memorandum of association or bye-laws of the Company after the date on which he became a shareholder, if and so far as the alteration requires him to take, or subscribe for, additional shares of the Company, or in any way increases his liability to contribute to the share capital of, or otherwise to pay money to, the Company.

Searches of the Register of Companies at the office of the Registrar of Companies are not conclusive and it should be noted that the Register of Companies does not reveal:

details of matters which have been lodged for filing or registration which as a matter of general practice of the Registrar of Companies would have or should have been disclosed on the public file but have not actually been registered, or to the extent that they have been registered have not been disclosed or do not appear in the public records at the date and time the search is concluded; or

details of matters which should have been lodged for registration but have not been lodged for registration at the date the search is concluded.

In order to issue this Opinion we have carried out the search referred to in paragraph 8 of the Schedule to this Opinion on 23 February 2021 and have not enquired as to whether there has been any change since that date.

In this Opinion, the term “good standing” means only that the Company has received a certificate of compliance from the Registrar of Companies in Bermuda as at the date referred to in paragraph 9 of the Schedule.

Certified copies of the certificate of incorporation, certificate of incorporation on change of name, memorandum of association, existing bye-laws and register of shareholders of the Company as at 23 February 2021.

An electronic copy of the amendment to the Registration Statement dated February 1, 2021, in the form filed with the Securities and Exchange Commission.

An electronic copy of the Registration Statement dated December 21, 2020, in the form filed with the Securities and Exchange Commission.

A certified extract of the resolutions of the Board of Directors of Paysafe Limited (“Board”) dated 19 February 2021 authorising the increase of the Company’s authorised share capital to create additional Common and Undesignated Shares (as defined in the Bye-laws of Paysafe Limited to be adopted at Closing, as defined in the Merger Agreement) and approving the form of the Warrant Assumption Agreement distributed to the Board (with such changes to the Warrant Assumption Agreement as an authorised signatory shall approve, signature thereto being conclusive evidence of such approval), entry into, execution and delivery by Paysafe Limited of the Warrant Assumption Agreement at Closing (as defined in the Merger Agreement).

A certified copy of the resolutions of the sole shareholder of Paysafe Limited dated 22 February 2021 approving the increase in share capital of Paysafe Limited.

The near final form of the Warrant Assumption Agreement (“Warrant Assumption Agreement”) to be entered into by the Company, Foley Trasimene Acquisition Corp. II, a Delaware corporation (“FTAC”), and Continental Stock Transfer & Trust Company (“Continental Stock”), pursuant to which each Non-Founder FTAC Warrant (as defined in a warrant agreement dated as of August 21 2020 between FTAC and Continental Stock (“Warrant Agreement”)) will be exchanged for a warrant to purchase Common Shares pursuant to the terms and conditions of the Warrant Agreement.

A copy of the notice to the public issued by the Bermuda Monetary Authority pursuant to the Exchange Control Act 1972 and Exchange Control Regulations 1973 dated 1 June 2005.

The entries and filings shown in respect of the Company on the file of the Company maintained in the Register of Companies at the offices of the Registrar of Companies in Hamilton, Bermuda, as revealed by a search on 23 February 2021 in respect of the Company.

A certificate of compliance dated 23 February 2021 issued by the Registrar of Companies in Bermuda in respect of the Company.