Document:

Exhibit 10.2

 

SPONSOR AGREEMENT

 

This Agreement (this
 “Agreement”), dated as of February 1, 2021, is entered into by and among Acies Acquisition LLC, a Delaware limited
liability company (the “Sponsor”), Acies Acquisition Corp., a Cayman Islands exempted company (which shall domesticate
as a Delaware corporation prior to the Closing) (“Acies”) and PlayStudios, Inc. (the “Company”).

 

RECITALS

 

WHEREAS, concurrently
herewith, Acies, the Company, Catalyst Merger Sub I, Inc. (“First Merger Sub”) and Catalyst Merger Sub II, LLC
(“Second Merger Sub”) are entering into an Agreement and Plan of Merger (as amended, supplemented, restated
or otherwise modified from time to time, the “Merger Agreement”; capitalized terms used but not otherwise
defined in this Agreement shall have the meanings ascribed to them in the Merger Agreement), pursuant to which (and subject to
the terms and conditions set forth therein) First Merger Sub will merge with and into the Company, with the Company surviving the
merger (the “First Merger”), and immediately following the First Merger, the surviving corporation of the First
Merger will merge with and into the Second Merger Sub, with the Second Merger Sub surviving the merger (the “Second Merger”
and, together with the First Merger, the “Mergers”);

 

WHEREAS, the
Sponsor is currently the record owner of 5,381,250 outstanding Sponsor Shares and 4,536,667 outstanding Acies Private Placement
Warrants (the Sponsor Shares and Acies Private Placement Warrants owned by the Sponsor, together with any additional Acies Ordinary
Shares or Sponsor Shares (or any securities convertible into or exercisable or exchangeable for Acies Ordinary Shares) in which
the Sponsor acquires record or beneficial ownership after the date hereof until the Effective Time, including by purchase, as a
result of a stock dividend, stock split, recapitalization, combination, reclassification, exchange or change of such shares, or
upon exercise or conversion of any securities, the “Covered Shares”).

 

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

 

AGREEMENT

 

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

 

1.             
Agreement to Vote. Subject to the earlier termination of this Agreement in accordance with Section 22, the
Sponsor, solely in its capacity as a stockholder of Acies, irrevocably and unconditionally agrees that, at the Acies EGM, at any
other meeting of the stockholders of Acies (whether annual or special and whether or not an adjourned or postponed meeting, however
called and including any adjournment or postponement thereof) and in connection with any written consent of the stockholders of
Acies, the Sponsor shall, and shall cause any other holder of record of any of the Sponsor’s Covered Shares to:

 

     

     

    

 

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

 

(b)              
vote (or execute and return an action by written consent), or cause to be voted at such meeting (or validly execute and
return and cause such consent to be granted with respect to), all of the Sponsor’s Covered Shares owned as of the record
date for such meeting (or the date that any written consent is executed by the Sponsor) in favor of each Proposal and any other
matters necessary or reasonably requested by the Company for consummation of the Mergers and the other transactions contemplated
by the Merger Agreement; and

 

(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 the Sponsor’s Covered Shares against any Acies Business
Combination Proposal (as defined below) and any other action that would: (i) impede, interfere with, delay, postpone or adversely
affect the Mergers or any of the other transactions contemplated by the Merger Agreement; (ii) result in a breach of any covenant,
representation or warranty or other obligation or agreement of Acies under the Merger Agreement or any Ancillary Agreement; (iii)
result in a breach of any covenant, representation or warranty or other obligation or agreement of the Sponsor contained in this
Agreement; or (iv) change in any manner the dividend policy or capitalization of, including the voting rights of any class of capital
stock of, Acies, other than, in each case, pursuant to the Proposals.

 

Sponsor also agrees
that it shall not commit or agree to take any action inconsistent with the foregoing. The obligations of the Sponsor specified
in this Section 1 shall apply whether or not the Mergers or any action described above is recommended by the Acies
Board or the Acies Board previously recommended the Mergers but changed such recommendation.

 

2.            
No Inconsistent Agreements. The Sponsor hereby covenants and agrees that the Sponsor shall not, at any time prior
to the Termination Date, (i) enter into any voting agreement or voting trust with respect to any of the Sponsor’s Covered
Shares that is inconsistent with the Sponsor’s obligations pursuant to this Agreement, (ii) grant a proxy or power of attorney
with respect to any of the Covered Shares that is inconsistent with the Sponsor’s obligations pursuant to this Agreement,
or (iii) enter into any agreement or undertaking that is otherwise inconsistent with, or would adversely affect, interfere with,
or prohibit or prevent it from satisfying, its obligations pursuant to this Agreement.

 

3.            
Representations and Warranties of the Sponsor. The Sponsor hereby represents and warrants to the Company as follows:

 

(a)              
The Sponsor is the only record and a beneficial owner (within the meaning of Rule 13d-3 under the Exchange Act) of, and
has good, valid and marketable title to, the Covered Shares, free and clear of Liens other than as created by this Agreement or
the Acies Organizational Document. As of the date hereof, other than the Covered Shares, the Sponsor does not own beneficially
or of record any shares of capital stock of Acies (or any rights, options, warrants to acquire, or any debt, loans or other securities
convertible into or exercisable or exchange able for, shares of capital stock of Acies) or any interest therein.

 

     

     

    

 

(b)              
 The Sponsor (i) except as provided in this Agreement, has full voting power, full power of disposition and full power to
issue instructions with respect to the matters set forth herein, in each case, with respect to the Covered Shares, (ii) has not
entered into any voting agreement or voting trust with respect to any of the Covered Shares that is inconsistent with the Sponsor’s
obligations pursuant to this Agreement, (iii) has not granted a proxy or power of attorney with respect to any of the Sponsor’s
Covered Shares that is inconsistent with the Sponsor’s obligations pursuant to this Agreement and (iv) has not entered into
any agreement or undertaking that is otherwise inconsistent with, or would adversely affect, interfere with, or prohibit or prevent
it from satisfying, its obligations pursuant to this Agreement.

 

(c)              
The Sponsor (i) is a legal entity duly organized, validly existing and, to the extent such concept is applicable, in good
standing under the Laws of the jurisdiction of its organization, and (ii) has all requisite limited liability company or other
power and authority and has taken all limited liability company or other action necessary in order to, execute, deliver and perform
its obligations under this Agreement and to consummate the transactions contemplated hereby. This Agreement has been duly executed
and delivered by the Sponsor and constitutes a valid and binding agreement of the Sponsor enforceable against the Sponsor in accordance
with its terms, subject to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and similar Laws
affecting creditors’ rights generally and subject, as to enforceability, to general principles of equity.

 

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

 

(e)              
The execution, delivery and performance of this Agreement by the Sponsor does not, and the consummation of the transactions
contemplated hereby or the Mergers and the other transactions contemplated by the Merger Agreement will not, constitute or result
in (i) a breach or violation of, or a default under, the limited liability company agreement or similar governing documents of
the Sponsor, (ii) with or without notice, lapse of time or both, a breach or violation of, a termination (or right of termination)
of or a default under, the loss of any benefit under, the creation, modification or acceleration of any obligations under or the
creation of a Lien on any of the properties, rights or assets of the Sponsor pursuant to any Contract binding upon the Sponsor
or, assuming (solely with respect to performance of this Agreement and the transactions contemplated hereby) compliance with the
matters referred to in Section 3(d), under any applicable Law to which the Sponsor is subject or (iii) any change in
the rights or obligations of any party under any Contract legally binding upon the Sponsor, except, in the case of clause (ii)
or (iii) directly above, as would not, individually or in the aggregate, reasonably be expected to prevent or materially delay
or impair the Sponsor’s ability to perform its obligations hereunder or to consummate the transactions contemplated hereby,
the consummation of the Mergers or the other transactions contemplated by the Merger Agreement.

 

     

     

    

 

(f)               
 As of the date of this Agreement, there is no action, proceeding or investigation pending against the Sponsor or, to the
knowledge of the Sponsor, threatened against the Sponsor that questions the beneficial or record ownership of the Covered Shares,
the validity of this Agreement or the performance by the Sponsor of its obligations under this Agreement.

 

(g)              
Neither the Sponsor nor any of its Affiliates has ever been suspended or expelled from membership in any securities or commodities
exchange or association or had a securities or commodities license or registration denied, suspended or revoked.

 

(h)              
Other than as set forth on Schedule 1 attached hereto, neither the Sponsor nor any Affiliate of the Sponsor, nor
any director or officer of the Sponsor or Acies, shall receive (or be entitled to receive) from Acies, PubCo or the Company any
finder’s fee, reimbursement, consulting fee, monies or consideration in the form of equity in respect of any repayment of
a loan or other compensation prior to, or in connection with, any services rendered in order to effectuate the consummation of
Acies’ initial Business Combination (regardless of the type of transaction that it is, but including, for the avoidance of
doubt, the Mergers).

 

(i)                
Except as described on Section 5.19 of the Acies Disclosure Schedule, no broker, finder, investment banker or other Person
is entitled to any brokerage fee, finders’ fee or other commission (including any deferred underwriting commission) in connection
with the Transactions (including the PIPE Financing) or as a result of the Closing based upon arrangements made by Sponsor, for
which Acies or any of its Affiliates may become liable.

 

(j)                
Other than as set forth on Schedule 3 attached hereto (any agreement set forth thereon, a “Sponsor Affiliate
Agreement”), none of the Sponsor or, to the knowledge of such Sponsor, any Affiliate of Sponsor or any other Person in
which Sponsor has a direct or indirect legal, contractual or beneficial ownership of 5% or greater is party to, or has any rights
with respect to or arising from, any agreement with Acies or its Subsidiaries.

 

(k)              
Sponsor holds sufficient Acies Class B Ordinary Shares and has the necessary authority to waive application of the Acies
Anti-Dilution Provisions pursuant to Section 4(d).

 

(l)                
The Sponsor understands and acknowledges that the Company and Acies are entering into the Merger Agreement in reliance upon
the Sponsor’s execution and delivery of this Agreement and the representations, warranties, covenants and other agreements
of the Sponsor contained herein.

 

4.             
Certain Covenants of the Sponsor. The Sponsor hereby covenants and agrees as follows:

 

(a)          
No Solicitation. From the date hereof until the Termination Date, the Sponsor agrees not to, directly or indirectly:

 

		(i)	take any action to solicit, initiate, continue or engage in discussions or negotiations with, or
enter into any agreement with, or encourage, provide information to or commence due diligence with respect to, any Person concerning,
relating to or which is intended or would reasonably be expected to lead to, a Business Combination
proposal other than with the Company, its stockholders and their respective Affiliates and Representatives, in each case, in their
capacity as such (such Business Combination proposal other than with the Company, its stockholders and their respective Affiliates
and Representatives, an “Acies Business Combination Proposal”),

 

     

     

    

 

		(ii)	participate in any discussions or negotiations regarding, or furnish or receive to or from any
Person (other than First Merger Sub, the Second Merger Sub, the Company, the Company’s Affiliates and their respective Representatives)
any nonpublic information relating to Acies and its Subsidiaries, in connection with any Acies Business Combination Proposal,

 

		(iii)	approve or recommend, or make any public statement approving or recommending, an Acies Business
Combination Proposal,

 

		(iv)	enter into any letter of intent, merger agreement or other similar agreement providing for an Acies
Business Combination Proposal,

 

		(v)	make, or in any manner participate in a “solicitation” (as such term is used in the
rules of the SEC) of proxies or powers of attorney or similar rights to vote, or seek to advise or influence any Person with respect
to the voting of Acies Ordinary Shares or Covered Shares intending to facilitate any Acies Business Combination Proposal or cause
any holder of Acies Ordinary Shares or Covered Shares not to vote to adopt the Merger Agreement and approve the Mergers or any
of the other transactions contemplated thereby,

 

		(vi)	become a member of a “group” (as such term is used in Section 13(d) of the Exchange
Act) with respect to any voting securities of Acies that takes any action in support of an Acies Business Combination Proposal
or

 

		(vii)	otherwise resolve or agree to do any of the foregoing.

 

The Sponsor shall
promptly (and in any event within 48 hours of the date of this Agreement) notify the Company after receipt by the Sponsor of
any Acies Business Combination Proposal, any inquiry or proposal that would reasonably be expected to lead to an Acies
Business Combination Proposal or any inquiry or request for nonpublic information relating to Acies and its Subsidiaries by
any Person who has made or would reasonably be expected to make an Acies Business Combination Proposal. Thereafter, the
Sponsor shall keep the Company reasonably informed, on a prompt basis (and in any event within 48 hours), regarding any
material changes to the status and material terms of any such proposal or offer. Notwithstanding the foregoing, the Sponsor
may respond to any such inquiry or proposal only by indicating that Sponsor is unable to provide any information or entertain
any proposals or offers or engage in any negotiations or discussions. The Sponsor agrees that, following the date hereof, it
and its Representatives shall cease and cause to be terminated any existing activities, solicitations, discussions or
negotiations by the Sponsor or its Representatives with any parties conducted heretofore with respect to any Acies Business
Combination Proposal. Notwithstanding anything in this Agreement to the contrary, (x) the Sponsor shall not be responsible
for the actions of Acies or the Acies Board (or any committee thereof), any Subsidiary of Acies, or any officers, directors
(in their capacity as such), employees and professional advisors of any of the foregoing (the “Acies Related
Parties”), including with respect to any of the matters contemplated by this Section 4(a), (y) the
Sponsor makes no representations or warranties with respect to the actions of any of Acies Related Parties, and (z) any
breach by Acies of its obligations under Section 8.12 of the Merger Agreement shall not be considered a breach of this Section 4(a) (it
being understood for the avoidance of doubt that the Sponsor shall remain responsible for any breach by it or its
Representatives (other than any such Representative that is a Acies Related Party) of this Section 4(a)).

 

     

     

    

 

(b)         
Merger Agreement Compliance. Sponsor shall be bound by and comply with Section 8.04 (Confidentiality; Publicity))
of the Merger Agreement (and any relevant definitions contained therein) as if Sponsor was an original signatory to the Merger
Agreement (in the same manner as Acies) with respect to such provisions.

 

(c)          
Support of the Mergers. From the date hereof until the Termination Date, the Sponsor shall use reasonable best efforts
to take, or cause to be taken, all actions and to do, or cause to be done, all things reasonably necessary to consummate the Mergers
and the other transactions contemplated by the Merger Agreement on the terms and subject to the conditions set forth therein and
shall not take any action that would reasonably be expected to materially delay or prevent the satisfaction of any of the conditions
to the Mergers set forth in Article 9 of the Merger Agreement.

 

(d)          
Waiver of Anti-Dilution Protections. The Sponsor hereby irrevocably and unconditionally (but subject to the consummation
of the Mergers):

 

		(i)	agrees that pursuant to Article 17.2 of the Acies Organizational Document, the Sponsor Shares
held by it shall convert into Acies Class A Ordinary Shares at the Initial Conversion Ratio (as such term is defined in the Acies Organizational Document) (as adjusted to account for any subdivision (by stock split, subdivision, exchange, stock dividend, reclassification,
recapitalization or otherwise) or combination (by reverse stock split, exchange, reclassification, recapitalization or otherwise)
or similar reclassification or recapitalization of the outstanding Acies Class A Ordinary Shares); and

 

		(ii)	waives for itself, its successors and assigns any adjustment to the Initial Conversion Ratio to
which it would otherwise be entitled pursuant to Article 17.3 of the Acies Organizational Document or otherwise.

 

The Sponsor further agrees
not to redeem any Sponsor Shares, any Acies Class A Ordinary Shares received upon the conversion of such Sponsor Shares or any
other Covered Shares.

 

(e)          
Pre-Closing Transfer Restrictions. From the date hereof until the Termination Date, the Sponsor hereby agrees not
to, directly or indirectly, (i) Transfer any of the Sponsor’s Covered Shares or (ii) take any action that would make any
representation or warranty of the Sponsor contained herein untrue or incorrect or have the effect of preventing or disabling the
Sponsor from performing its obligations under this Agreement; provided, however, that nothing herein shall prohibit
a Transfer or forfeiture that is or has been agreed upon by the Company in writing (including pursuant to the terms of this Agreement
and the Merger Agreement).

 

     

     

    

 

(f)         
 Post-Closing Transfer Restrictions. Sponsor shall not Transfer any Lockup Securities during the Lockup Period without
the prior written consent of the PubCo Board (subject to the determination of the Board of Directors in its sole discretion at
any time) (the restrictions set forth in this Section 4(f), the “Lockup”); provided Sponsor (together
with any Permitted Transferee of Sponsor, a “Lockup Holder”) may Transfer Lockup Securities:

 

		(i)	by will, other testamentary document or intestacy;

 

(ii)          
as a bona fide gift or gifts, including to charitable organizations or for bona fide estate planning purposes;

 

(iii)         
to any trust for the direct or indirect benefit of the Lockup Holder or the immediate family of the Lockup Holder, or if
the Lockup Holder is a trust, to a trustor or beneficiary of the trust or to the estate of a beneficiary of such trust;

 

(iv)        
to a partnership, limited liability company or other entity of which such Lockup Holder and the immediate family of such
Lockup Holder are the legal and beneficial owner of all of the outstanding equity securities or similar interests;

 

		(v)	if the Lockup Holder is a corporation, partnership, limited liability company, trust or other business
entity, (A) to another corporation, partnership, limited liability company, trust or other business entity that is an affiliate
(as defined in Rule 405 promulgated under the Securities Act of 1933, as amended) of such Lockup Holder, or to any investment fund
or other entity controlling, controlled by, managing or managed by or under common control with such Lockup Holder or affiliates
of such Lockup Holder (including, for the avoidance of doubt, where such Lockup Holder is a partnership, to its general partner
or a successor partnership or fund, or any other funds managed by such partnership), or (B) as part of a distribution to members
or shareholders of such Lockup Holder;

 

		(vi)	to a nominee or custodian of any person or entity to whom a Transfer would be permissible under
clauses (i) through (v) above;

 

		(vii)	in the case of an individual, by operation of law, such as pursuant to a qualified domestic order,
divorce settlement, divorce decree, separation agreement or related court order;

 

(viii)       
from an employee or a director of, or a service provider to, PubCo or any of its subsidiaries upon the death, disability
or termination of employment, in each case, of such person;

 

(ix)      
pursuant to a bona fide third-party tender offer, merger, consolidation or other similar transaction that is approved by
the PubCo Board and made to all holders of shares of PubCo’s capital stock involving a Change of Control (as defined below)
(including negotiating and entering into an agreement providing for any such transaction), provided that in the event that
such tender offer, merger, consolidation or other similar transaction is not completed, the Lockup Holder’s Lockup Securities
shall remain subject to the Lockup; or

 

     

     

    

 

(x)       
pursuant to transactions to satisfy any U.S. federal, state, or local income tax obligations of the Lockup Holder (or its
direct or indirect owners) arising from a change in the U.S. Internal Revenue Code of 1986, as amended (the “Code”),
or the U.S. Treasury Regulations promulgated thereunder (the “Regulations”) after the date on which the Merger
Agreement was executed, and such change prevents such transaction from qualifying as a “reorganization” pursuant to
Section 368 of the Code (and such transaction does not qualify for similar tax-free treatment pursuant to any successor or other
provision of the Code or Regulations taking into account such changes);

 

provided
that:

 

(x) in the case
of any Transfer of Lockup Securities pursuant to clauses (i) through (vii), (1) such Transfer shall not involve a disposition for
value; (2) the transferee shall execute and deliver to the Company a letter agreement providing for the same restrictions on the
transferred Lockup Securities as the Lockup; (3) any required public report or filing (including filings under Section 16(a) of
the Exchange Act), shall disclose the nature of such Transfer and that the Lockup Securities remain subject to the Lockup; and
(4) there shall be no voluntary public disclosure or other announcement of such Transfer;

 

(y) a Lockup
Holder may enter into a trading plan established in accordance with Rule 10b5-1 under the Exchange Act during the Lockup Period
so long as no Transfers are effected under such trading plan prior to the expiration of the Lockup Period; and

 

(z) the Lockup shall
not apply to the transactions contemplated by Sections 4(f) or 5, except if any Unvested Shares become vested before the expiration
of the Lockup Period, such vested shares shall be deemed to be Lockup Securities.

 

(g)              
Sponsor Forfeiture. Prior to the Domestication Effective Time (but subject to the Closing), Acies and the Sponsor
hereby agree to take all necessary actions to forfeit and cause to be cancelled for no consideration 850,000 Sponsor Shares and
715,000 Acies Private Placement Warrants. In addition to the foregoing, following the expiration of the redemption offer made by
Acies to all holders of Public Shares and prior to the Domestication Effective Time, the Acies and Sponsor hereby agree to take
all necessary actions to forfeit and cause to be cancelled for no consideration, as applicable:

 

		(i)	in the event that 25% or more of the Public Shares are redeemed by the holders thereof, 403,594
Sponsor Shares (the “First Redemption Trigger Forfeited Shares”);

 

     

     

    

 

		(ii)	in the event that 50% or more of the Public Shares are redeemed by the holders thereof, (A) the
First Redemption Triggered Forfeited Shares plus (B) 403,594 Sponsor Shares (the “Second Redemption Trigger Forfeited
Shares”); and

 

		(iii)	in the event that more than 25% but less than 50% of the Public Shares are redeemed by the holders
thereof, (A) the First Redemption Trigger Forfeited Shares plus (B) a proportional amount of the Second Redemption Trigger
Forfeited Shares up to the full amount of such shares if 50% or more of the Public Shares are redeemed.

 

(h)              
Each of Acies and the Sponsor shall comply with, and fully perform all of its respective obligations, covenants and agreements
set forth in, that certain Letter Agreement, dated as of October 22, 2020, by and among the Sponsor and Acies (the “Letter
Agreement”).

 

(i)                
From the date hereof until the Effective Time, neither Sponsor nor Acies shall modify or amend any Sponsor Affiliate Agreement
without the prior written consent of the Company; provided that Acies and the Sponsor may amend that certain Registration
Rights Agreement, dated October 22, 2020 (the “Registration Rights Agreement”), between the Company and Acies
in the manner contemplated by the Merger Agreement without the prior written consent of the Company.

 

(j)                
Sponsor shall not convert any working capital loans it may make to Acies or any of its subsidiaries into any rights, options
or warrants to purchase Acies Ordinary Shares or any shares of capital stock of PubCo or any other securities convertible into
or exercisable or exchangeable for Acies Ordinary Shares or shares of capital stock of PubCo.

 

(k)              
Acies Copy. The Sponsor hereby authorizes Acies to maintain a copy of this Agreement at either the executive office
or the registered office of Acies.

 

5.            
Vesting. Acies, the Company and Sponsor agree that, as of immediately prior to (but subject to) the Closing, 900,000
of the Sponsor Shares held by Sponsor as of immediately prior to the Closing shall become unvested (the “Unvested Shares”)
and shall be subject to the vesting and forfeiture provisions set forth on Schedule 2 attached hereto. For the avoidance
of doubt, Sponsor Shares owned by Sponsor (or its Affiliates) as of the Closing other than the Unvested Shares shall not be subject
to this Section 5 (and shall not be subject to forfeiture) at the Closing. Sponsor shall not Transfer any of the Unvested Shares,
shall not have any economic or other rights as a stockholder with respect to Unvested Shares, shall not be entitled to vote any
Unvested Shares and shall not be entitled to receive dividends or distributions on any of the Unvested Shares except for any stock
dividends or other adjustments (as contemplated by Section 8), in each case until any such Unvested Shares become vested in accordance
with Schedule 2, subject to Section 4(f).

 

6.            
Further Assurances.

 

(a)               From
time to time, at the Company’s request and without further consideration, the Sponsor shall execute and deliver such
additional documents and take all such further action as may be reasonably necessary or reasonably requested to effect the
actions and consummate the transactions contemplated by this Agreement, the Merger Agreement and any Ancillary Agreement to
which Sponsor is a party. The Sponsor further agrees not to commence or participate in, and to take all actions necessary to
opt out of any class in any class action with respect to, any action or claim, derivative or otherwise, relating to the
negotiation, execution or delivery of this Agreement, the Merger Agreement or the transactions contemplated hereby or thereby
against (i) Acies, Acies’ Affiliates or Acies’ directors or officers, (ii) the Company, the Company’s
Affiliates or the Company’s officers or directors or (iii) any of their respective successors and assigns.

 

     

     

    

 

(b)              
Following the Effective Time, Acies will use commercially reasonable efforts to cooperate to provide the pre-Closing equityholders
of Acies information that is reasonably required to (i) determine the amount that is required to be taken into income in connection
with Treasury Regulations Section 1.367(b)-3 as a result of the Domestication; (ii) make the election contemplated by Treasury
Regulations Section 1.367-3(b)-3(c)(3); and (iii) make a timely and valid election as contemplated by Section 1295 of the Code
(and the Treasury Regulations promulgated thereunder) with respect to Acies for each year that Acies is considered a passive foreign
investment company (including through provision of the Annual Information Statement described in Treasury Regulations Section 1.1295-1(g)).

 

7.             
Disclosure. The Sponsor hereby authorizes the Company and Acies to publish and disclose in any announcement or disclosure
required by the SEC the Sponsor’s identity and ownership of the Covered Shares and the nature of the Sponsor’s obligations
under this Agreement; provided, that prior to any such publication or disclosure the Company and Acies have provided
the Sponsor with an opportunity to review and comment upon such announcement or disclosure, which comments the Company and Acies
will consider in good faith.

 

8.            
Changes in Capital Stock. In the event of a stock split, stock dividend or distribution, or any change in the Company’s
capital stock by reason of any split-up, stock split, reverse stock split, recapitalization, combination, reclassification, exchange
of shares or the like, equitable adjustment shall be made to the provisions of this Agreement (including with respect to the nature
and number of equity interests covered by the terms “Covered Shares,” “Sponsor Shares,” “Unvested
Shares,” “Acies Private Placement Warrants” and the shares subject to forfeiture under Section 4(f))
as may be required so that the intended rights, privileges, duties and obligations hereunder shall be given full effect.

 

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

 

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

 

     

     

    

 

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

 

if to Acies after the Closing or to the
Company, to it at:

 

10150 Covington Cross Drive

Las Vegas, NV 89144

Attn: Joel J. Agena, VP Legal Counsel

Email: joel@playstudios.com

 

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

 

Davis Polk & Wardwell LLP

1600 El Camino Real

Menlo Park, CA 94025

Attn:      Alan F. Denenberg

Lee Hochbaum

Email:     alan.denenberg@davispolk.com

lee.hochbaum@davispolk.com

 

if to Acies prior to the Closing or to the
Sponsor, to it at:

 

1219 Morningside Drive, Suite 110

Manhattan Beach, CA 90266

Attention: Daniel Fetters; Edward King

Email: dan.fetters@aciesacq.com; edward.king@aciesacq.com

 

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

 

Latham & Watkins LLP

10250 Constellation Blvd., Suite 1100

Los Angeles, CA 90067

Attn:      Steven B. Stokdyk

Email:     steven.stokdyk@lw.com

 

12.             
No Ownership Interest. Until the Closing, nothing contained in this Agreement shall be deemed to vest in the Company
any direct or indirect ownership or incidence of ownership of or with respect to the Covered Shares of the Sponsor. Until the Closing,
all rights, ownership and economic benefits of and relating to the Covered Shares of the Sponsor shall remain vested in and belong
to the Sponsor.

 

13.             
Entire Agreement. This Agreement and the Merger Agreement constitute the entire agreement and supersede all prior
agreements and understandings, both written and oral, between the parties hereto with respect to the subject matter hereof and
thereof.

     

     

    

 

14.         
 No Third-Party Beneficiaries. The Sponsor hereby agrees that its representations, warranties and covenants set forth
herein are solely for the benefit of the Company in accordance with and subject to the terms of this Agreement, and this Agreement
is not intended to, and does not, confer upon any Person other than the parties hereto any rights or remedies hereunder, including
the right to rely upon the representations and warranties set forth herein, and the parties hereto hereby further agree that this
Agreement may only be enforced against, and any Action that may be based upon, arise out of or relate to this Agreement, or the
negotiation, execution or performance of this Agreement may only be made against, the Persons expressly named as parties hereto;
provided, that Acies shall be an express third party beneficiary with respect to Section 3 and Section 4
hereof.

 

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

 

(a)              
This Agreement shall be governed by, and construed in accordance with, the Laws of the State of New York, without giving
effect to conflicts of laws principles or rules to the extent such principles or rules are not mandatorily applicable and would
require or permit the application of the Law of any jurisdiction other than the State of New York.

 

(b)              
In addition, each of the parties (i) consents to submit itself, and hereby submits itself, to the personal jurisdiction
of the United States District Court for the Southern District of New York or, if such court does not have subject matter jurisdiction,
any state or federal court sitting in New York City having subject matter jurisdiction (the “Chosen Courts”),
in the event any dispute arises out of this Agreement or any of the transactions contemplated by this Agreement, (ii) agrees that
it will not attempt to deny or defeat such personal jurisdiction by motion or other request for leave from any such court, and
agrees not to plead or claim any objection to the laying of venue in any such court or that any judicial proceeding in any such
court has been brought in an inconvenient forum, (iii) agrees that it will not bring any action relating to this Agreement
or any of the transactions contemplated by this Agreement in any court other than the Chosen Courts, and (iv) consents to service
of process being made through the notice procedures set forth in Section 11.

 

(c)              
EACH OF THE PARTIES HEREBY KNOWINGLY, INTENTIONALLY AND VOLUNTARILY IRREVOCABLY WAIVES ANY AND ALL RIGHTS TO TRIAL BY JURY
IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

 

16.          
Assignment; Successors. Neither this Agreement nor any of the rights, interests or obligations hereunder shall
be assigned by any of the parties hereto in whole or in part (whether by operation of Law or otherwise) without the prior written
consent of the other party, and any such assignment without such consent shall be null and void. This Agreement shall be binding
upon, inure to the benefit of and be enforceable by the parties hereto and their respective successors and permitted assigns.

 

17.           Enforcement.
The rights and remedies of the parties shall be cumulative with and not exclusive of any other remedy conferred hereby. The
parties agree that irreparable damage would occur and that the parties would not have any adequate remedy at law in the event
that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise
breached. It is accordingly agreed that the parties shall be entitled to an injunction or injunctions to prevent breaches or
threatened breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement, including the
Sponsor’s obligations to vote its Covered Shares as provided in this Agreement, in the United States District Court for
the Southern District of New York or, if under applicable law exclusive jurisdiction over such matter is vested in the
federal courts, any state or federal court located in the State of New York, without proof of actual damages or otherwise
(and each party hereby waives any requirement for the securing or posting of any bond in connection with such remedy), this
being in addition to any other remedy to which they are entitled at law or in equity.

 

     

     

    

 

18.          
Severability. If any term or other provision of this Agreement is held by a court of competent jurisdiction or other
authority to be invalid, void, unenforceable or against its regulatory policy, the remainder of the terms and provisions of this
Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated, so long as the economic
and legal substance of the transactions contemplated hereby, taken as a whole, are not affected in a manner materially adverse
to any party hereto. Upon such a determination, the parties hereto shall negotiate in good faith to modify this Agreement so as
to effect the original intent of the parties hereto as closely as possible in an acceptable manner in order that the transactions
contemplated hereby be consummated as originally contemplated to the fullest extent possible.

 

19.          
Counterparts. This Agreement may be executed in one or more counterparts, all of which shall be considered one and
the same agreement, it being understood that each party need not sign the same counterpart. This Agreement shall become effective
when each party shall have received a counterpart hereof signed by all of the other parties. Counterparts may be delivered via
facsimile, electronic mail (including any electronic signature covered by the U.S. federal ESIGN Act of 2000, Uniform Electronic
Transactions Act, the Electronic Signatures and Records Act or other applicable law, e.g., www.docusign.com) or other transmission
method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for
all purposes.

 

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

 

     

     

    

 

21.          
Defined Terms. As used herein:

 

(a)              
“Acies Private Placement Warrants” shall mean rights to acquire Acies Class A Ordinary Shares that were
included in the Acies Units sold to the Sponsor in a private placement in connection with Acies’ initial public offering.

 

(b)              
“Change of Control” means the transfer to or acquisition by (whether by tender offer, merger, consolidation,
division or other similar transaction), in one transaction or a series of related transactions, a person or entity or group of
affiliated persons or entities (other than an underwriter pursuant to an offering), of PubCo’s voting securities if, after
such transfer or acquisition, such person, entity or group of affiliated persons or entities would beneficially own (as defined
in Rule 13d-3 promulgated under the Exchange Act) more than 50% of the outstanding voting securities of PubCo.

 

(c)              
“immediate family” means any relationship by blood, current or former marriage or adoption, not more
remote than first cousin;

 

(d)              
“Lockup Period” means the period beginning on the closing date of the Mergers and ending at 11:59 pm
Eastern Time on the earlier of: (i) for the lesser of (A) 5.00% of the Lockup Securities held by each Lockup Holder or (B) 50,000
of the Lockup Securities held by each Lockup Holder, in each case, that is 180 days after the Closing Date; and (ii) otherwise,
the date that is 12 months after the Closing Date; provided that, for the avoidance of doubt, the Lockup Period for any
Lockup Securities that has not ended on the date that is 12 months after the Closing Date shall end on such date.

 

(e)                “Lockup
Securities” means the Covered Shares (including the Acies Private Placement Warrants and any shares underlying the Acies
Private Placement Warrants).

 

(f)                “Permitted
Transferees” means, prior to the expiration of the Lockup Period, any person or entity to whom such Lockup Holder is
permitted to Transfer any Lockup Securities pursuant to clauses (i) through (vii) of Section 4(f).

 

(g)              
“Public Shares” means the Acies Class A Ordinary Shares that were sold by Acies in connection with its
initial public offering (which, for the avoidance of doubt, were initially part of units and excludes the Sponsor Shares).

 

(h)              
“Sponsor Shares” shall mean the shares held by Sponsor of Acies Class B Ordinary Shares, par value $0.0001
per share, and the shares of PubCo Common Stock issuable upon conversion of such shares in connection with the Closing.

 

(i)                 “Transfer”
means any direct or indirect (i) offer, pledge, sale, contract to sell, sale of any option or contract to purchase, purchase
of any option or contract to sell, grant of any option, right or warrant to purchase, lending, or other transfer or
disposition of any Lockup Securities; (ii) entry into any hedging, swap or other agreement or transaction that transfers, in
whole or in part, any of the economic consequences of ownership of the Lockup Securities, whether any such transaction is to
be settled by delivery of such securities, in cash or otherwise; or (iii) any voluntary public disclosure of any action
contemplated in the foregoing clauses (i) and (ii).

 

     

     

    

 

22.        
Termination. This Agreement shall terminate upon the earliest to occur of:

 

(a)              
the Effective Time;

 

(b)              
the termination of the Merger Agreement in accordance with its terms;

 

(c)              
the time this Agreement is terminated upon the mutual written agreement of the Company and the Sponsor (the earliest such
date under clause (a), (b) and (c) being referred to herein as the “Termination Date”);

 

(d)               provided,
that if this Agreement is terminated at the Effective Time, (i) the provisions set forth in Sections 6(b) and Sections
8 through 20 and this Section 22 (and any defined terms, exhibits or schedules referenced thereby) shall survive the
termination of this Agreement; (ii) the provisions set forth in Section 4(f) (and any defined terms, exhibits or
schedules referenced thereby) shall survive the termination of this Agreement until the latest to occur of (A) the
termination of the Letter Agreement and (B) the end of the Lockup Period; and (iii) the provisions set forth in
Section 5 (and any defined terms, exhibits or schedules referenced thereby) shall survive the termination of this
Agreement until the later to occur of (A) the achievement of the $15.00 Share Price Milestone or (B) the Earnout Expiration
Date upon which, in the case of clause (B), any Unvested Shares will be forfeited for no consideration; provided
further, that no party hereto shall be relieved from any liability to the other party hereto resulting from a Willful
Breach (as defined in the Merger Agreement).

 

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

 

     

     

    

 

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

 

	 	ACIES ACQUISITION LLC
	 	 
	 	By: 	/s/ Daniel Fetters
	 	Name: 	Daniel Fetters
	 	Title: 	Managing Member
	 	 
	 	By: 	/s/ Edward King
	 	Name:	 Edward King
	 	Title: 	Managing Member
	 	 
	 	ACIES ACQUISITION CORP.
	 	 
	 	By: 	/s/ Daniel Fetters
	 	Name: 	Daniel Fetters
	 	Title: 	Co-Chief Executive Officer
	 	 
	 	By: 	/s/ Edward King
	 	Name:	 Edward King
	 	Title:	 Co-Chief Executive Officer

 

     

     

    

 

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

 

	 	PLAYSTUDIOS, INC.
	 	 
	 	By:	/s/ Andrew S. Pascal
	 	Name: 	Andrew S. Pascal
	 	Title: 	Chairman and CEO

 

     

     

    

 

Schedule 1

 

		1.	Andrew Pascal, in his capacity as the Chief Executive Officer of the Company, may receive a transaction
bonus in connection with and contingent upon the Closing.

 

     

     

    

 

Schedule
2

 

This Schedule 2
sets forth the terms for the vesting of Unvested Shares. Terms used but not defined in this Schedule 2 shall have the meanings
given to such terms in the Merger Agreement.

 

		1.	12.50 Share Price Milestone. 450,000 Unvested Shares shall vest (and shall not be subject to
forfeiture) upon the occurrence of the $12.50 Share Price Milestone (such shares being referred to as the “$12.50 Sponsor
Shares”).

 

		2.	$15.00 Share Price Milestone. 450,000 Unvested Shares (and shall not be subject to forfeiture)
upon the occurrence of the $15.00 Share Price Milestone (such shares being referred to as the “$15.00 Sponsor Shares”).

 

		3.	For the avoidance of doubt, if the condition for the $15.00 Share Price Milestone is achieved, the
Unvested Shares to vest in connection with such Earnout Milestone shall be cumulative with the Unvested Shares to vest in connection
with the achievement of the $12.50 Share Price Milestone.

 

		4.	Upon the Earnout Expiration Date (subject to extension
pursuant to Section 5 below):

 

(a)           
if the $12.50 Share Price Milestone has not been achieved, none of the $12.50 Sponsor Shares shall vest and all such $12.50
Sponsor Shares shall be forfeited for no consideration; and

 

(b)          
if the $15.00 Share Price Milestone has not been achieved, none of the $15.00 Sponsor Shares shall vest and all such $15.00
Sponsor Shares shall be forfeited for no consideration.

 

		5.	In the event that after the Closing and prior to the five (5)-year anniversary of the Closing Date,
there is an Earnout Strategic Transaction (or a definitive agreement providing for an Earnout Strategic Transaction has been entered
into prior to the five (5)-year anniversary of the Closing Date and such Earnout Strategic Transaction is ultimately consummated,
even if such consummation occurs after the five (5)-year anniversary of the Closing Date), then if the per share value of the consideration
to be received by the holders of the PubCo Class A Common Stock in such Earnout Strategic Transaction equals or exceeds $12.50
per share and the $12.50 Share Price Milestone has not been previously achieved, then the $12.50 Share Price Milestone shall be
deemed to have been achieved and if the per share value of the consideration to be received by the holders of the PubCo Class A
Common Stock in such Earnout Strategic Transaction equals or exceeds $15.00 per share and the $15.00 Share Price Milestone has
not been previously achieved, then the $15.00 Share Price Milestone shall be deemed to have been achieved; provided, that
if the consideration to be received by the holders of the PubCo Class A Common Stock in such Earnout Strategic Transaction includes
non-cash consideration, the value of such consideration shall be determined in good faith by the PubCo Board; provided,
further that such Unvested Shares that are not deemed vested as of the consummation of such Earnout Strategic Transaction
shall be deemed forfeited and shall be cancelled by PubCo for no consideration.
In the event either the $12.50 Share Price Milestone or $15.00 Share Price Milestone would be deemed to be achieved pursuant to
this Section 5, the $12.50 Sponsor Shares and/or the $15.00 Sponsor Shares, as applicable, shall vest immediately prior to the
consummation of the Earnout Strategic Transaction and such $12.50 Sponsor Shares and/or $15.00 Sponsor Shares, as applicable, shall
receive the same consideration per share as the PubCo Class A Common Stock.

 

		6.	If PubCo shall, at any time or from time to time, after the date hereof effect a subdivision, stock
split, stock dividend, reorganization, combination, recapitalization or similar transaction affecting the outstanding shares of
PubCo Common Stock, equitable adjustment shall be made to the provisions of this Agreement as may be required for such subdivision,
stock split, stock dividend, reorganization, combination, recapitalization or similar transaction. Any adjustment under this paragraph
shall become effective at the close of business on the date the subdivision, stock split, stock dividend, reorganization, combination,
recapitalization or similar transaction becomes effective.

 

 

     

     

    

 

Schedule 3

 

Sponsor Affiliate Agreements

 

		1.	Registration Rights Agreement, dated as of October 22, 2020, by and among Acies, the Sponsor and
the other parties thereto.

 

		2.	Private Placement Warrants Purchase Agreement, dated as of October 22, 2020, by and between Acies
and the Sponsor.

 

		3.	Promissory Note, dated as of September 4, 2020, by and between Acies and the Sponsor.

 

		4.	Securities Subscription Agreement, dated as of September 4, 2020, by and between Acies and the
Sponsor.

 

		5.	Letter Agreement, dated as of October 22, 2020, by and between Acies and the Sponsor.

 

		6.	Letter Agreement, dated as of October 22, 2020, by and among Acies, the Sponsor and each of the
officers and directors of Acies.Exhibit 10.3

  

VOTING AND SUPPORT AGREEMENT

 

This VOTING AND SUPPORT AGREEMENT
(this “Agreement”) is being executed and delivered as of February 2, 2021, by and among the Person named on
the signature page hereto (the “Stockholder”), Acies Acquisition Corp., a Cayman Islands exempted company (together
with its successors, including the resulting Delaware corporation after the consummation of its domestication to the State of
Delaware, “Acies”), and PlayStudios, Inc., a Delaware corporation (together with its successors, the “Company”).
For purposes of this Agreement, Acies the Company and the Stockholder are each a “Party” and collectively the
 “Parties.” Each capitalized term used and not otherwise defined herein has the meaning ascribed to such term
in the Merger Agreement (as defined below).

 

R E C I T A L S

 

WHEREAS, pursuant to and subject to
the terms and conditions of that certain Agreement and Plan of Merger, dated as of February 1, 2021 (the “Merger
Agreement”), by and among the Company, Acies, First Merger Sub and Second Merger Sub, among other matters, the
Company will enter into a business combination with Acies, First Merger Sub and Second Merger Sub;

 

WHEREAS, as of the date hereof, the Stockholder
is the record and beneficial owner of the shares of Company Capital Stock and Company Options set forth next to the Stockholder’s
name on the signature pages hereto (such shares, together with any additional shares of Company Capital Stock in which the Stockholder
acquires record and beneficial ownership after the date hereof, including by purchase or upon exercise or conversion of any securities
convertible into or exercisable or exchangeable for shares of Company Capital Stock, including, for the avoidance of doubt, Company
Options, the “Subject Shares”); and

 

WHEREAS, the Stockholder is entering into
this Agreement in order to induce Acies and the Company to enter into the Merger Agreement and consummate the transactions contemplated
thereby, pursuant to which the Stockholder will directly or indirectly receive a material benefit.

 

NOW, THEREFORE, for good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Stockholder hereby covenants and agrees as follows:

 

Section 1.         
Voting.

 

(a)           
The Stockholder agrees to take all actions necessary or advisable to execute and deliver the Company Stockholder Approval
to the Company as promptly as practicable, and in any event within forty-eight (48) hours following the date that Acies receives
and notifies the Stockholder and the Company of Acies’ receipt of, SEC approval and effectiveness of the Registration Statement
or Proxy Statement.

 

     

     

    

 

(b)           
From the date of this Agreement until the date on which this Agreement is terminated in accordance with its terms (the
 “Voting Period”), at each meeting of the Company Stockholders, and in each written consent or resolutions of
any of the Company Stockholders in which the Stockholder is entitled to vote or consent, the Stockholder hereby unconditionally
and irrevocably agrees to be present for such meeting and vote (in person or by proxy), or consent to any action by written consent
or resolution with respect to, as applicable, the Subject Shares and any other equity interests of the Company over which the
Stockholder has voting power (i) in favor of, and to adopt, the Merger Agreement, the Ancillary Agreements and the Transactions
, (ii) in favor of the other matters set forth in the Merger Agreement to the extent required for the Company to carry out its
obligations thereunder, and (iii) in opposition to: (A) any Acquisition Proposal and any and all other proposals (x) that could
reasonably be expected to delay or impair the ability of the Company to consummate the transactions contemplated by the Merger
Agreement or any Ancillary Agreement or (y) which are in competition with or materially inconsistent with the Merger Agreement
or any Ancillary Agreement or (B) any other action or proposal involving the Company or any of its Subsidiaries that is intended,
or would reasonably be expected, to prevent, impede, interfere with, delay, postpone or adversely affect in any material respect
the transactions contemplated by the Merger Agreement or any Ancillary Agreement or would reasonably be expected to result in
any of the conditions to the Company’s obligations under the Merger Agreement not being fulfilled.

 

(c)           
The Stockholder agrees not to deposit, and to cause its Affiliates not to deposit, any Subject Shares in a voting trust
or subject any Subject Shares to any arrangement or agreement with respect to the voting of such Subject Shares, unless specifically
requested to do so by the Company and Acies in connection with the Merger Agreement, the Ancillary Agreements or the transactions
contemplated thereby.

 

(d)           
The Stockholder agrees, except as contemplated by the Merger Agreement or any Ancillary Agreement, not to make, or in any
manner participate in, directly or indirectly, a “solicitation” of “proxies” or consents (as such terms
are used in the rules of the SEC) or powers of attorney or similar rights to vote, or seek to advise or influence any Person with
respect to the voting of, any equity interests of the Company in connection with any vote or other action with respect to transactions
contemplated by the Merger Agreement or any Ancillary Agreement, other than to recommend that the Company Stockholders vote in
favor of the adoption of the Merger Agreement, the Ancillary Agreements and the transactions contemplated thereby (and any actions
required in furtherance thereof and otherwise as expressly provided in this Section 1).

 

(e)           
The Stockholder agrees (i) to refrain from exercising any dissenters’ rights or rights of appraisal under applicable
Law at any time with respect to the Merger Agreement, the Ancillary Agreements and the transactions contemplated thereby and (ii)
not to commence or participate in any claim, derivative or otherwise, against the Company, Acies or any of their respective Affiliates
relating to the negotiation, execution or delivery of this Agreement or the Merger Agreement or the consummation of the Mergers,
including any claim (A) challenging the validity of, or seeking to enjoin the operation of, any provision of this Agreement or
(B) alleging a breach of any fiduciary duty of the Board of Directors of the Company in connection with this Agreement, the Merger
Agreement or the Mergers.

 

(f)            
The Stockholder agrees that during the Voting Period it shall not, and shall cause its Affiliates not to, without Acies’
and the Company’s prior written consent, (i) make or attempt to make any transfer or pledge , or grant any option to purchase
or otherwise dispose of or agree to dispose of, directly or indirectly file (or participate in the filing of) a registration statement
with the SEC (other than the Proxy Statement or the Registration Statement) or establish or increase a put equivalent position
or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Exchange Act, with respect to
any Subject Shares(ii) grant any proxies or powers of attorney with respect to any or all of the Subject Shares, (iii) 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 Subject Shares, (iv) publicly announce any intention to effect any transaction specified in clause (i), (ii) or (iii) or (v)
take any action with the intent to prevent, impede, interfere with or adversely affect the Stockholder’s ability to perform
its obligations under this Section 1. The Company hereby agrees to reasonably cooperate with Acies in enforcing the transfer restrictions
set forth in this Section 1.

 

     

     

    

 

(g)           
In the event of any equity dividend or distribution, or any change in the equity interests of the Company by reason of
any equity dividend or distribution, equity split, recapitalization, combination, conversion, exchange of equity interests or
the like, the term “Subject Shares” shall be deemed to refer to and include the Subject Shares as well as all
such equity dividends and distributions and any securities into which or for which any or all of the Subject Shares may be changed
or exchanged or which are received in such transaction.

 

(h)           
During the Voting Period, the Stockholder agrees to provide to Acies, the Company and their respective Representatives
any information regarding the Stockholder or the Subject Shares that is reasonably requested by Acies, the Company or their respective
Representatives and required in order for the Company and Acies to comply with Sections 8.02 and 8.04 of the Merger Agreement.
To the extent required by applicable Law, the Stockholder hereby authorizes the Company and Acies to publish and disclose in any
announcement or disclosure required by the SEC, Nasdaq or the Registration Statement (including all documents and schedules filed
with the SEC in connection with the foregoing), the Stockholder’s identity and ownership of the Subject Shares and the nature
of the Stockholder’s commitments and agreements under this Agreement, the Merger Agreement and any other Ancillary Agreements;
provided that such disclosure is made in compliance with the provisions of the Merger Agreement.

 

Section 2.         
Further Assurances. The Stockholder agrees to execute and deliver, or cause to be executed and delivered, all further
documents and instruments as Acies may reasonably request to consummate and make effective the transactions contemplated by this
Agreement. Without limiting the foregoing, the Stockholder agrees that it shall, and shall cause its Affiliates to, (i) file or
supply, or cause to be filed or supplied, in connection with the transactions contemplated by this Agreement and the Ancillary
Agreements, all notifications and filings (or, if required by the relevant Governmental Authorities, drafts thereof) required
to be filed or supplied pursuant to applicable Antitrust Laws or other regulatory Laws as promptly as practicable after the date
hereof (and all such filings shall not be withdrawn or otherwise rescinded without the prior written consent of Acies) and (ii)
use its reasonable best efforts to provide, or cause to be provided, any information requested by Governmental Authorities in
connection therewith.

 

Section 3.         
Binding Effect of Merger Agreement. The Stockholder hereby acknowledges that it has read the Merger Agreement and
has had the opportunity to consult with its tax and legal advisors. The Stockholder shall be bound by and comply with Sections
8.04 (Confidentiality; Publicity) and 8.12 (Exclusivity) of the Merger Agreement (and any relevant definitions contained
in any such Sections) as if (a) such Stockholder was an original signatory to the Merger Agreement with respect to such provisions,
and (b) each reference to the “Company” contained in Section 8.12 of the Merger Agreement (other than Section 8.12(a)(iii)
or Section 8.12(b)(i) or for purposes of the definition of Acquisition Proposal) also referred to each such Company Stockholder.

 

     

     

    

 

Section 4.         
Consent to Disclosure. The Stockholder hereby consents to the publication and disclosure in the Proxy Statement and Registration
Statement (and, as and to the extent otherwise required by applicable securities Laws or the SEC or any other securities authorities,
any other documents or communications provided by Acies or the Company to any Governmental Authority or to securityholders of
Acies) of the Stockholder’s identity and beneficial ownership of Subject Shares and the nature of the Stockholder’s
commitments, arrangements and understandings under and relating to this Agreement and, if deemed appropriate by Acies or the Company,
a copy of this Agreement; provided, that prior to any such publication or disclosure, the Company and Acies have
provided the Stockholder with an opportunity to review and comment upon such announcement or disclosure, which comments the Company
and Acies will consider in good faith. The Stockholder will promptly provide any information reasonably requested by Acies or
the Company for any regulatory application or filing made or approval sought in connection with the Transactions (including filings
with the SEC).

 

Section 5.         
Stockholder Representations and Warranties. The Stockholder represents and warrants to Acies and the Company as
follows.

 

(a)           
Organization. If the Stockholder is not an individual, it is duly organized, validly existing and in good standing
(where applicable) under the laws of the jurisdiction in which it is incorporated, organized or constituted, and the execution,
delivery and performance of this Agreement and the consummation of the transactions contemplated hereby are within the Stockholder’s
corporate or organizational powers and have been duly authorized by all necessary corporate or organizational action on the part
of the Stockholder. If the Stockholder is an individual, the Stockholder has full legal capacity, right and authority to execute
and deliver this Agreement and to perform his or her obligations hereunder.

 

(b)           
Ownership of Subject Shares. The Stockholder is the only record and beneficial owner (as defined in Rule 13d-3 under
the Securities Exchange Act of 1934, as amended) of, and has good and valid title to, all of the Stockholder’s Subject Shares
(including those set forth on the Stockholder’s signature page hereto), free and clear of any Lien, or any other limitation
or restriction (including any restriction on the right to vote, sell or otherwise dispose of such Subject Shares), except (i)
transfer restrictions under the Securities Act of 1933, (ii) prior to the Closing, the Company Certificate of Incorporation, the
Company Investor Rights Agreement, the Company ROFR and Co-Sale Agreement and the Company Voting Agreement and (iii) this Agreement.
The Stockholder’s Subject Shares set forth on the signature pages hereto are the only securities of the Company owned of
record or beneficially by the Stockholder or the Stockholder’s Affiliates, family members or trusts for the benefit of the
Stockholder or any of the Stockholder’s family members on the date of this Agreement. The Stockholder has the sole right
to transfer and direct the voting of the Stockholder’s Subject Shares and, other than the Company Voting Agreement, none
of the Stockholder’s Subject Shares are subject to any proxy, voting trust or other agreement, arrangement or restriction
with respect to the voting of such Subject Shares, except as expressly provided herein for the benefit of Acies.

 

(c)           
Authority. This Agreement has been duly executed and delivered by the Stockholder and, assuming the due authorization,
execution and delivery hereof by the other Parties hereto and that this Agreement constitutes a legally valid and binding agreement
of such Parties, this Agreement constitutes a legally valid and binding obligation of the Stockholder, enforceable against the
Stockholder in accordance with the terms hereof (subject only to the effect, if any, of (i) applicable bankruptcy and other similar
applicable Law affecting the rights of creditors generally and (ii) rules of law governing specific performance, injunctive relief
and other equitable remedies). If this Agreement is being executed in a representative or fiduciary capacity, the Person signing
this Agreement has full power and authority to enter into this Agreement on behalf of the Stockholder.

 

     

     

    

 

(d)           
Non-Contravention. The execution and delivery of this Agreement by the Stockholder does not, and the performance
by the Stockholder of its, his or her obligations hereunder will not, (i) result in a violation of applicable Law, (ii) if
the Stockholder is not an individual, conflict with or result in a violation of the governing documents of the Stockholder, (iii) require
any consent or approval that has not been given or other action (including notice of payment or any filing with any Governmental
Authority) that has not been taken by any Person (including under any Contract binding upon the Stockholder or the Stockholder’s
Subject Shares), or (iv) result in the creation or imposition of any Lien on the Stockholder’s Subject Shares, except in
the case of clauses (i) and (iii), as would not reasonably be expected, individually or in the aggregate, to have a material adverse
effect upon such Stockholder’s ability to perform its obligations hereunder, under the Merger Agreement or any Ancillary
Agreement or to consummate the transactions contemplated hereby or thereby. There is no beneficiary or holder of a voting trust
certificate or other interest of any trust of which the Stockholder is a trustee whose consent is required for either the execution
and delivery of this Agreement or the consummation by the Stockholder of the transactions contemplated by this Agreement that
has not been obtained.

 

(e)           
Trusts. If the Stockholder is the beneficial owner of any Subject Shares held in trust, no consent of any beneficiary
of such trust is required in connection with the execution and delivery of this Agreement and the consummation of the transactions
contemplated hereby or by the Merger Agreement.

 

Section 6.         
Finders Fees. No investment banker, broker, finder or other intermediary is entitled to a fee or commission in respect
of this Agreement based upon any arrangement or agreement made by or on behalf of Stockholder.

 

Section 7.         
No Ownership Interest. Nothing contained in this Agreement shall be deemed to vest in Acies or any of its Subsidiaries
any direct or indirect ownership or incidence of ownership of or with respect to the Subject Shares. All rights, ownership and
economic benefits of and relating to the Subject Shares shall remain vested in and belong to the Stockholder, and neither Acies
nor any of its Subsidiaries shall have any authority to direct the Stockholder in the voting or disposition of any of the Subject
Shares, except as otherwise provided herein.

 

Section 8.         
Remedies. The Stockholder acknowledges and agrees that the rights of each party contemplated by this Agreement are
unique. Accordingly, the Stockholder agrees that a remedy at law for any breach of this Agreement would be inadequate and that
the Company and Acies in addition to any other remedies available, shall be entitled to obtain preliminary and permanent injunctive
relief to secure specific performance of such covenants and to prevent a breach or contemplated breach of this Agreement without
the necessity of proving actual damage or posting a bond or other security. The Stockholder will be responsible for any breach
or violation of this Agreement by its Representatives. The occurrence of the Closing will not relieve the Stockholder of any obligation
or liability arising from any breach by the Stockholder of this Agreement prior to the Closing.

 

     

     

    

 

Section 9.         
Severability. Each provision of this Agreement is separable from every other provision of this Agreement. If any provision
of this Agreement is found or held to be invalid, illegal or unenforceable, in whole or in part, by a court of competent jurisdiction,
then (i) such provision will be deemed amended to conform to applicable laws so as to be valid, legal and enforceable to the fullest
possible extent, (ii) the invalidity, illegality or unenforceability of such provision will not affect the validity, legality
or enforceability of such provision under any other circumstances or in any other jurisdiction, and (iii) the invalidity, illegality
or unenforceability of such provision will not affect the validity, legality or enforceability of the remainder of such provision
or the validity, legality or enforceability of any other provision of this Agreement. Without limiting the foregoing, if any covenant
of the Stockholder in this Agreement is held to be unreasonable, arbitrary, or against public policy, such covenant shall be considered
to be divisible with respect to scope, time and geographic area, and such lesser scope, time or geographic area, or all of them,
as a court of competent jurisdiction may determine to be reasonable, not arbitrary, and not against public policy, shall be effective,
binding and enforceable against the Stockholder.

 

Section 10.     
Governing Law; Jurisdiction; Waiver of Trial by Jury. Sections 11.06 and 11.10 of the Merger Agreement are incorporated
herein by reference, mutatis mutandis.

 

Section 11.     
Waiver. No failure on the part of any Person to exercise any power, right, privilege or remedy under this Agreement,
and no delay on the part of any Person in exercising any power, right, privilege or remedy under this Agreement, shall operate
as a waiver of such power, right, privilege or remedy; and no single or partial exercise of any such power, right, privilege or
remedy shall preclude any other or further exercise thereof or of any other power, right, privilege or remedy. Any extension or
waiver in favor of the Stockholder of any provision hereto shall be valid only if set forth in an instrument in writing signed
by Acies and the Company; and provided, that any such waiver shall not be applicable or have any effect except in the specific
instance in which it is given.

 

Section 12.     
Captions; Counterparts. The provisions of Section 11.07 of the Merger Agreement are hereby incorporated herein by
reference, mutatis mutandis.

 

Section 13.     
Successors and Assigns. The provisions of this Agreement shall be binding upon and inure to the benefit of the Parties
and their respective successors and assigns; provided that, except in connection with a transfer of Subject Shares by the
Stockholder as described in Section 1(f) herein, no Party may assign, delegate or otherwise transfer any of its rights or obligations
under this Agreement without the prior written consent of the other Party, except that the Company, Acies or any of their respective
Subsidiaries may transfer or assign its rights and obligations under this Agreement, in whole or from time to time in part, to
(i) one or more of its Affiliates at any time and (ii) after the Effective Time, to any Person; provided that no such transfer
or assignment shall relieve such party of its obligations hereunder or enlarge, alter or change any obligation of any other Party.

 

Section 14.     
Trusts. If applicable, for purposes of this Agreement, the Stockholder with respect to any Subject Shares held in
trust shall be deemed to be the relevant trust and/or the trustees thereof acting in their capacities as such trustees, in each
case as the context may require, including for purposes of such trustees’ representations and warranties as to the proper
organization of the trust, their power and authority as trustees and the non-contravention of the trust’s governing instruments.

 

     

     

    

 

Section 15.     
Amendments. This Agreement may only be amended or modified by an instrument in writing signed by each of the Stockholder,
Acies and the Company.

 

Section 16.     
Notices. All notices and other communications among the parties hereto shall be in writing and shall be deemed to
have been duly given (a) when delivered in person, (b) when delivered after posting in the United States mail having been sent
registered or certified mail return receipt requested, postage prepaid, (c) when delivered by FedEx or other nationally recognized
overnight delivery service, or (d) when delivered by email or other electronic transmission, addressed as follows:

 

(i)                
If to Acies, to:

 

Acies Acquisition
Corp.

1219 Morningside Drive, Suite 110

Manhattan Beach, CA 90266

Attention:   Daniel Fetters

                      Edward
King

Email:   dan.fetters@aciesacq.com

              edward.king@aciesacq.com

 

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

 

Latham &
Watkins LLP

10250 Constellation Blvd., Suite 1100

Los Angeles, CA 90067

Attention: Steven B. Stokdyk

Email: steven.stokdyk@lw.com

 

(ii)              If
to the Company, to:

 

PlayStudios,
Inc.

10150 Covington Cross Drive

Las Vegas, NV 89144

Attention: Joel J. Agena, VP Legal Counsel

Email: joel@playstudios.com

 

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

 

Davis Polk &
Wardwell LLP

1600 El Camino Real

Menlo Park, CA 94025

Attention:   Alan F. Denenberg

                       Lee
Hochbaum

Email:   alan.denenberg@davispolk.com

               lee.hochbaum@davispolk.com

 

(iii)           
If to the Stockholder, to the address set forth on the signature page hereto.

 

     

     

    

 

Section 17.     
Effectiveness; Termination. This Agreement shall become effective as of the date hereof and shall automatically
terminate (without the requirement of any action by any party hereto) and be of no further force or effect upon the earliest to
occur of (a) the Effective Time, (b) the date on which the Merger Agreement is terminated in accordance with its terms prior to
the Effective Time, (c) the mutual written consent of Acies, the Company and the Stockholder and (d) the time of any modification,
amendment or waiver of the Merger Agreement without Stockholder’s prior written consent that (i) decreases or changes the
form of the Company Stockholder Consideration in a manner adverse to the Stockholder, (ii) imposes additional conditions to the
obligations of the parties to the Merger Agreement to consummate the transactions contemplated thereby in a manner that materially
adversely affects the Stockholder, (iii) modifies the conditions of the obligations of the parties to the Merger Agreement to
consummate the transactions contemplated thereby in a manner that materially adversely affects the Stockholder or (iv) extends
or otherwise changes the End Date in a manner other than as required or permitted by the Merger Agreement. Nothing in this Section
17 shall relieve any Party from liability for any intentional breach of this Agreement by such Party prior to the termination
of this Agreement.

 

Section 18.     
Expenses. All costs and expenses incurred in connection with this Agreement shall be paid by the Party incurring
such cost or expense.

 

Section 19.     
Capacity as a Stockholder. Notwithstanding anything herein to the contrary, the Stockholder is signing this Agreement
solely in the Stockholder’s capacity as a stockholder of the Company, and not in any other capacity and this Agreement shall
not limit or otherwise affect the actions of the Stockholder or any Affiliate, employee or designee of the Stockholder or any
of their respective Affiliates in his or her capacity, if applicable, as an officer or director of the Company or any other Person.

 

[Remainder of page intentionally left
blank]

 

     

     

    

  

IN WITNESS WHEREOF, each Party has duly
executed this Agreement as of the date first written above.

 

	 	ACIES

 

	 	ACIES ACQUISITION CORP.
	 	 
	 	By:	 
	 	 	Name:     Edward King
	 	 	Title:       Co-Chief Executive Officer

  

	By:	 	 
	 	 	Name:    Daniel Fetters
	 	 	Title:      Co-Chief Executive Officer

  

[Signature
Page to Voting and Support Agreement]

 

     

     

    

  

IN WITNESS WHEREOF, each Party has duly
executed this Agreement as of the date first written above.

  

	 	COMPANY

 

	 	PLAYSTUDIOS, INC.
	 	 
	 	By:	 
	 	 	Name:     Andrew S. Pascal
	 	 	Title:       Chairman and CEO

 

[Signature Page to
Voting and Support Agreement]

 

     

     

    

 

IN
WITNESS WHEREOF, each Party has duly executed this Agreement as of the date first written above.

 

	 	STOCKHOLDER:

  

	 	Printed Name:	 

 

	 	Signature:	 

 

	 	By (if an entity):	 

 

	 	Title (if an entity):	 

 

	 	Email:	 
	 	 	 
	 	Mailing Address:	 
	 	 	 
	 	 	 
	 	 	 

  

		Number
    of shares of:

 

	 	Common Stock: 	

 

	 	Series A Preferred Stock:
    	

 

	 	Series
    B Preferred Stock: 	

 

	 	Series
    C Preferred Stock: 	

 

	 	Series
    C-1 Preferred Stock: 	

  

		Number
                                         of:

 

	 	Options
    to acquire Common Stock: 	 

 

[Signature
Page to Voting and Support Agreement]

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