EMPLOYEE STOCKHOLDER LOCK-UP AND PROTECTIVE COVENANT AGREEMENTEmployee Stockholder Lock-Up and Protective Covenant Agreement • September 13th, 2022 • Fintech Ecosystem Development Corp. • Blank checks • Delaware
The undersigned signatory (the “Employee Stockholder”) of this lock-up and protective covenant agreement (this “Letter Agreement”) understands that Fintech Ecosystem Development Corp., a Delaware corporation (“FEDC”), is entering into the Business Combination Agreement (as the same may be amended from time to time, the “BCA”), dated as of the date hereof, with Fama Financial Services, Inc., a Georgia corporation and a wholly-owned subsidiary of FEDC (“Merger Sub”), and Rana Financial Inc., a Georgia corporation (the “Company”), pursuant to which, among other things, Merger Sub will merge with and into the Company, with the Company continuing as the surviving entity (the “Merger”) and as a wholly-owned subsidiary of FEDC, upon the terms and subject to the conditions set forth in the BCA and in accordance with applicable law (the “Effective Time”).
