Document:

Exhibit 10.1

    

  

   

  

  
    DEED OF IRREVOCABLE UNDERTAKING

    

    

    	To:	
            Eleusis Inc.

              99 Wall Street #2205

              New York, NY 10005

              Attn:  Shlomi Raz

          

    

    

    	
            Date:

          	 	 

    

    

    Eleusis Inc.’s acquisition of Eleusis Holdings Limited

    

    

    [I, the undersigned (referred to herein using the words “I”, “my” and words of similar import),] refer to the proposed transaction
      whereby, in connection with the proposed business combination (the “Business Combination”) between Silver Spike Acquisition Corp II, an exempted company incorporated in the Cayman Islands with limited liability
      and a special purpose acquisition company (the “SPAC”), and Eleusis Holdings Limited, a company incorporated under the laws of England and Wales with company number 10809365 (the “Target”), Eleusis Inc., a Delaware corporation (the “Acquirer”), intends to acquire all the issued and to-be-issued share capital and other equity interests of the Target in exchange for newly
      issued shares in the Acquirer (the “Acquisition”).

    

    

    The Acquisition is to be effected substantially on the terms and conditions set out in the Summary of Terms attached hereto as Exhibit A (the “Transaction Terms”), which
      terms and conditions may be supplemented or otherwise modified from time to time as agreed between the SPAC, the Acquirer and the Target and shall be set forth in a definitive Business Combination Agreement and Plan of Merger (the “Business Combination Agreement”) and other definitive transaction agreements (together with the Business Combination Agreement, the “Transaction Agreements”) to be executed
      by the SPAC, the Acquirer, the Target and/or the other applicable parties thereto, each of which may be amended, restated, supplemented or otherwise modified from time to time in accordance with its terms.

    

    

    This letter (which has been executed by me as a Deed) sets out the terms and conditions on which, in consideration of the Acquirer proceeding with the Acquisition, I hereby irrevocably agree to sell and transfer all of
      the shares and other equity interests I hold in the Target to the Acquirer pursuant to the Acquisition, and make and give the other undertakings, agreements and covenants set out in this letter.

    

    

    1.

    WARRANTIES AND UNDERTAKINGS

    

    

    1.1

    I warrant to the Acquirer that:

    

    

    (a)

    I am the registered holder and beneficial owner of the number of each class or series of shares of £0.0001 each in the capital of the Target (or convertible indebtedness, options or other
      equity interests of the Target relating thereto) indicated under the heading “Target Shares” in Schedule I hereto (“Target Shares”) and hold all such shares (or convertible securities, options or other
      equity interests) free of any lien, charge, option, equity or encumbrance;

    

    

    (b)

    I have no other legal or beneficial interests in any shares, securities or other direct or indirect equity interests in the Target, other than as set out in Schedule I hereto;

    

    

    
      
        

    

    
    

    

    (c)

    I am, and at the time of the consummation of the Acquisition will be, an “accredited investor” (as such term is defined in Rule 501(a) under the Securities Act of 1933, as amended) and/or
      not a “U.S. person” (within the meaning of Rule 902 of Regulation S under the Securities Act of 1933); and

    

    

    (d)

    I have full power and authority to enter into and perform all of my obligations under this letter and to sell and transfer legal and beneficial ownership of the Target Shares and any Further
      Target Shares (as defined below) to the Acquirer pursuant to the Acquisition.

    

    

    1.2

    I hereby irrevocably undertake to the Acquirer that, prior to the earlier of the Closing (as defined in the Business Combination Agreement) and the termination of the Business Combination
      Agreement pursuant to its terms, I will not:

    

    

    (a)

    (i) sell, transfer, charge, encumber, grant any option over, deposit in a voting trust or otherwise dispose of, (ii) make or participate in, directly or indirectly, a “solicitation” of
      “proxies” or consents (as such terms are used in the rules of the Securities and Exchange Commission) or powers of attorney or similar rights to vote, or seek to advise or influence any person with respect to the voting of, any shares, securities or
      other direct or indirect equity interests in the Target in connection with any vote or other action with respect to transactions contemplated by the Business Combination Agreement or any Transaction Agreement, other than to recommend that the
      shareholders of the Target vote in favour of the adoption and approval of the Transaction Agreements and the transactions contemplated thereby, or (iii) permit or enter into any agreement or undertaking to do any of the foregoing in relation to, all
      or any part of any Target Shares or any other shares, securities or other direct or indirect equity interests in the Target issued or unconditionally allotted to me or otherwise acquired or legally or beneficially owned by me (“Further Target Shares”), other than pursuant to the Acquisition;

    

    

    (b)

    other than pursuant to the Acquisition, enter into any agreement or arrangement or permit any agreement or arrangement to be entered into or incur any obligation or permit any obligation to
      arise:

    

    

    (i)

    to do any of the acts referred to in paragraph 1.2(a);

    

    

    (ii)

    in relation to, or operating by reference to, the Target Shares or any Further Target Shares; or

    

    

    (iii)

    which, in relation to the Target Shares or any Further Target Shares, would or might restrict, impede or delay the consummation of the Acquisition,

    

    

    and, for the avoidance of doubt, references in this paragraph 1.2(b) to any agreement, arrangement or obligation includes any agreement, arrangement or obligation whether or not legally binding or
      subject to any condition.

    

    

    
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    (c)

    For the avoidance of doubt, in the event of any equity dividend or distribution, or any change in the equity interests of the Target by reason of any equity dividend or distribution, equity
      split, reverse stock split, consolidation of shares, recapitalization, combination, conversion, exchange of equity interests or the like, the terms “Target Shares” and “Further Target Shares” shall be deemed to refer to and include the Target Shares
      or Further Target Shares (as applicable) as well as all such equity dividends and distributions and any securities into which or for which any or all of the Target Shares or Further Target Shares (as applicable) may be converted, changed or exchanged
      or which are received in such transaction.

    

    

    2.

    UNDERTAKING TO SELL SHARES

    

    

    2.1

    I hereby irrevocably undertake to the Acquirer that, provided that the terms and conditions on which the Acquisition is to be effected will result in the Target’s shareholders collectively
      receiving consideration having an aggregate value, as determined by the board of directors of the Target in good faith, not less than the aggregate value proposed to be received by the Target’s shareholders collectively pursuant to the Transaction
      Terms:

    

    

    (a)

    I will do all such acts and things, provide all such information and assistance and execute and deliver all such agreements, instruments and other documents (including the Acquisition
      Documents (as defined below)), in each case as may be required or reasonably requested to transfer legal and beneficial ownership in the Target Shares and any Further Target Shares, free of any lien, charge, option, equity or encumbrance and from all
      other rights exercisable by or claims by third parties, to the Acquirer pursuant to the Acquisition and to effect the transactions contemplated by the Transaction Agreements (including any amendment, restatement or other modification of the
      certificate of incorporation or bylaws of the Acquirer contemplated thereby), in each case, as soon as reasonably practicable (and in any event no later than five (5) days) after request by or on behalf of the Acquirer;

    

    

    (b)

    without prejudice to the generality of the obligation set forth in paragraph 2.1(a), I will, as soon as reasonably practicable (and in any event no later than five (5) days) after receipt of
      an execution version of the same sent by or on behalf of the Acquirer or request by or on behalf of Acquirer, as applicable, deliver to or as instructed by Acquirer a duly executed counterpart of any and all agreements, instruments and other
      documents required or reasonably requested to be executed in connection with the Acquisition, including (without limitation):

    

    

    (i)

    a share exchange agreement;

    

    

    (ii)

    a representation letter certifying my status as an “accredited investor” (as such term is defined in Rule 501(a) under the Securities Act of 1933, as amended) and/or not a “U.S. person,”
      (within the meaning of Rule 902 of Regulation S under the Securities Act of 1933), together with supporting documentation; 

    

    

    (iii)

    stock transfer form(s) transferring the Target Shares and any Further Target Shares to the Acquirer;

    
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    (iv)

    a power of attorney allowing the Acquirer to exercise the voting rights attaching to the Target Shares and any Further Target Shares during the period between completion of the Acquisition
      and the Acquirer becoming the registered holder of such Target shares in the Target’s register of members; and

    

    

    (v)

    share certificates evidencing any and all Target Shares or Further Target Shares that are represented by certificates, if any (or indemnities in form and substance satisfactory to the
      Acquirer in lieu of such certificates if those certificates have been lost or destroyed);

    

    

    (together, the “Acquisition Documents”); and

    

    

    (c)

    the Acquirer shall acquire legal and beneficial ownership in the Target Shares and any Further Target Shares from me with full title guarantee, free of any lien, charge, option, equity or
      encumbrance and from all other rights exercisable by or claims by third parties, and together with all rights of any nature attaching to those shares, including the right to all dividends declared or paid after the date of this undertaking.

    

    

    3.

    PUBLICITY; INFORMATION; TRUST ACCOUNT WAIVER; NON-SOLICITATION

    

    

    3.1

    I consent to the inclusion of references to me (including my name) and details of this undertaking in any announcement, prospectus, circular or other document published or filed by or on
      behalf of the SPAC, the Target or the Acquirer or any of their respective affiliates or representatives relating to the Transaction Agreements or any of the transactions contemplated thereby (including the Business Combination and the Acquisition),
      including any filing or disclosure required by applicable securities or other laws, rules or regulations or the requirements of any regulatory authority or securities exchange.

    

    

    3.2

    I agree to provide the Acquirer and the Target and their respective affiliates and representatives with all information and assistance in relation to the Transaction Agreements (including
      this letter) and the transactions contemplated thereby (including the Business Combination and the Acquisition) as they may reasonably require for the preparation, execution, delivery or filing of the Transaction Agreements and any and all
      agreements, instruments and other documents related or ancillary to the Transaction Agreements or the transactions contemplated thereby (including any announcement, prospectus, circular, filing or disclosure) in order to comply with applicable
      securities or other laws, rules or regulations or the requirements of any regulatory authority or securities exchange, and to provide prompt written notice to the Acquirer and the Target of any material change in the accuracy or import of any such
      information previously supplied.

    

    

    
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    3.3

    I acknowledge that the SPAC has established a trust account (the “Trust Account”) containing the proceeds from its initial public offering and from
      certain private placements (and interest accrued from time to time thereon) for the benefit of its public shareholders and that the SPAC may disburse funds from the Trust Account only in the limited circumstances described in the SPAC’s final
      prospectus filed with the Securities and Exchange Commission in connection with the SPAC’s initial public offering.  I agree, on behalf of myself and on behalf of my affiliates, successors, heirs, executors and administrators, as applicable, that (a)
      neither I nor any of my affiliates, successors, heirs, executors or administrators, as applicable, has, or will have, any right, title, interest or claim of any kind in or to any funds in the Trust Account and (b) neither I nor any of my affiliates,
      successors, heirs, executors or administrators, as applicable, will seek recourse against the Trust Account.

    

    

    3.4

    Until the earlier of the Closing and the valid termination or expiration of this undertaking, I will not, directly or indirectly, (i) initiate, solicit or engage in any negotiations with any
      person with respect to, or provide any non‐public information or data concerning the Target or any of the Target’s subsidiaries to any person relating to, an Acquisition Proposal (as defined below) or afford to any person access to the business,
      properties, assets or personnel of the Target or any of the Target’s subsidiaries in connection with an Acquisition Proposal, (ii) execute or enter into any acquisition agreement, merger agreement or similar definitive agreement, or any letter of
      intent, memorandum of understanding or agreement in principle, or any other arrangement or agreement relating to an Acquisition Proposal, (iii) grant any waiver, amendment or release under any confidentiality agreement or the anti‐takeover laws of
      any state, (iv) otherwise knowingly encourage or facilitate any such inquiries, proposals, discussions, or negotiations or any effort or attempt by any person to make an Acquisition Proposal or (v) agree or otherwise commit to enter into or engage in
      any of the foregoing.  I also agree that, immediately following the execution of this letter, I will cease any solicitations, discussions or negotiations with any person (other than the SPAC, the Acquirer, the Target and their respective affiliates
      and representatives) conducted heretofore in connection with an Acquisition Proposal or any inquiry or request for information that could reasonably be expected to lead to, or result in, an Acquisition Proposal.

    

    

    For purposes of this Section 3.4, “Acquisition Proposal” means, other than the transactions contemplated by the Transaction Agreements and other than the
      acquisition or disposition of inventory, equipment or other tangible personal property in the ordinary course of business, any offer or proposal relating to, in a single transaction or series of related transactions: (a) any acquisition or purchase,
      direct or indirect, of (i) a portion of the business of the Target and its subsidiaries that comprises 15% or more of their combined net revenues or net income, (ii) 15% or more of the consolidated assets of the Target and its subsidiaries taken as a
      whole (based on the fair market value thereof, as determined in good faith by the board of directors of the Target), or (iii) 15% or more of any class of equity or voting securities of (x) the Target or (y) one or more subsidiaries of the Target
      holding assets constituting, individually or in the aggregate, 15% or more of the consolidated assets of the Target and its subsidiaries, (b) any tender offer (including a self‐tender offer) or exchange offer that, if consummated, would result in any
      person beneficially owning 15% or more of any class of equity or voting securities of (i) the Target or (ii) one or more subsidiaries of the Target holding assets constituting, individually or in the aggregate, 15% or more of the consolidated assets
      of the Target and its subsidiaries taken as a whole or (c) a merger, consolidation, share exchange, business combination, sale of substantially all the assets, reorganization, recapitalization, liquidation, dissolution or other similar transaction
      involving the sale or disposition of (i) the Target or (ii) one or more subsidiaries of the Target holding assets constituting, individually or in the aggregate, 15% or more of the consolidated assets of the Target and its subsidiaries taken as a
      whole.

    

    

    4.

    SECRECY; TRADING

    

    

    4.1

    Save as may be required by any competent regulatory body, I shall keep secret the possibility, terms, conditions and existence of the Business Combination and the Acquisition and the terms
      and conditions of the Transaction Agreements and any other document related or ancillary thereto (including this undertaking) unless and until such information becomes generally known to the public pursuant to a press release or other public
      communication issued by the SPAC, the Acquirer or the Target. The obligations set forth in this paragraph shall survive any termination or expiration of this undertaking.

    

    

    
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    4.2

    I warrant to the Acquirer that neither I nor any of my affiliates or immediate family (as applicable) is the legal or beneficial owner of any securities of the SPAC and agree that, until the
      Closing (as defined in the Business Combination Agreement), neither I nor any of my affiliates or immediate family (as applicable) will directly or indirectly acquire, dispose of or otherwise trade or transact in any securities of the SPAC. For
      purposes of this letter, (a) “immediate family” shall mean a spouse, civil partner, child, grandchild or other lineal descendant (including by adoption), father, mother, brother or sister of the applicable
      party hereto; and “affiliate” shall have the meaning set forth in Rule 405 under the Securities Act of 1933, as amended.

    

    

    4.3

    From the Closing until the Lock-up Release Date (as defined below), I will not, directly or indirectly, Transfer any of the shares in the capital stock of the Acquirer (or shares or other
      securities of the Acquirer into which such shares are converted or changed or for which such shares are exercised or exchanged, including by reason of any equity dividend or distribution, equity split, reverse stock split, consolidation of shares,
      recapitalization, combination, conversion, exchange of equity interests or the like or any of the transactions contemplated by the Transaction Agreements, including the Recapitalization and the Stock Split (each as defined in the Transaction Terms))
      legally or beneficially owned by me that are received in exchange for any Target Share or Further Target Share pursuant to the Acquisition, other than as expressly permitted or required by any of the Transaction Agreements or pursuant to a Permitted
      Transfer.  For purposes of this Section 4.3, (a) “Transfer” means the (i) direct or indirect transfer, sale or assignment of, offer to sell, contract or any agreement to sell, hypothecate, pledge, encumber,
      grant of any option to purchase or otherwise dispose of, either voluntarily or involuntarily, or any agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease
      of a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934 and the rules and regulations of the Securities and Exchange Commission promulgated thereunder with respect to, any security, (ii) entry into any
      swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (iii)
      public announcement of any intention to effect any transaction specified in the foregoing clause (b)(i) or (b)(ii); (b) “Permitted Transfer” means any Transfer (i) to the Acquirer’s officers or directors, any
      affiliates or family members of any of the Acquirer’s officers or directors, or, if the shareholder party hereto is an entity, any shareholder, member, partner or holder of any other equity interest in the shareholder or any affiliates of the
      shareholder, (ii) in the case of an individual, by gift to a member of the individual’s immediate family, or to a trust, the beneficiary of which is a member of the individual’s immediate family or an affiliate of such person, or to a charitable
      organization, (iii) in the case of an individual, by virtue of laws of descent and distribution upon death of the individual, (iv) in the case of an individual, pursuant to a qualified domestic relations order, (v) if the shareholder party hereto is
      an entity, by virtue of the laws of the jurisdiction of organization of the shareholder or the shareholder’s organizational documents, as amended from time to time, upon dissolution of the shareholder or (vi) in the event of the Acquirer’s completion
      of a liquidation, merger, amalgamation, share exchange, reorganization or other similar transaction which results in all of the Acquirer’s shareholders having the right to exchange their shares of Acquirer’s common stock for cash, securities or other
      property subsequent to the Closing; provided, however, that, in the case of the foregoing clauses (i) through (v), these permitted transferees must enter into a written agreement with the Acquirer agreeing to be bound by the transfer
      restrictions in this undertaking; (c) “Lock-up Release Date” means the earlier of (i) the first anniversary of the Closing and (ii) the first day  after the Closing on which the Acquirer Trading Price has been
      greater than or equal to $12.00 per share (as adjusted for share splits, share dividends, rights issuances, subdivisions, reorganizations, recapitalizations and the like) for any 20 Trading Days within any period of 30 consecutive Trading Days
      commencing at least 150 days after the Closing; (d) “Acquirer Trading Price” means, with respect to any given Trading Day, the closing price per share of Acquirer’s common stock on such Trading Day, as reported
      by Bloomberg or, if not available on Bloomberg, as reported by Morningstar; and (e) “Trading Day” means any day on which shares of the Acquirer’s common stock are actually traded on the principal securities
      exchange or securities market on which shares of the Acquirer’s common stock are then traded.

    

    

    
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    5.

    VOTING

    

    

    Without prejudice to any other term of this undertaking, I agree to exercise the voting rights attached to the Target Shares and any Further Target Shares to vote in favour of any and all
      resolutions (or consents) proposed by the Target in connection with implementing the Acquisition or the other transactions contemplated by the Transaction Agreements (including, without limitation, by way of written resolution, at any general or
      class meeting of the Target or at any court meeting in connection with any scheme of arrangement of the Target).

    

    

    6.

    EXPIRATION OF UNDERTAKING

    

    

    This undertaking shall expire upon the earlier of (a) the Closing and (b) the termination of the Business Combination Agreement pursuant to its terms; provided that (i) paragraph 4.1 shall
      survive any termination or expiration of this undertaking and (ii) paragraph 4.3 shall survive the Closing until the Lock-Up Release Date.

    

    

    7.

    RATIFICATION OF AMENDMENT OF ARTICLES; WAIVER OF PRE-EMPTIVE RIGHTS

    

    

    7.1

    I approve, ratify and consent to the amendment of the existing articles of association of the Target as set forth in Exhibit B-1 hereto and the adoption of the articles of
      association attached hereto as Exhibit B-2 in substitution for, and to the exclusion of, the existing articles of association of the Target.

    

    

    7.2

    I consent for all purposes, including, without limitation, under the articles of association of the Target and the Shareholders’ Agreement dated 11 December 2020 relating to the Target (the
      “Shareholders’ Agreement”), to, and waive any and all rights of pre-emption, rights of first refusal and other similar rights arising under such documents or otherwise in connection with, the sale and transfer
      of Target Shares and Further Target Shares pursuant to the Acquisition.

    

    

    7.3

    To the extent I am a party thereto, I agree and consent to the termination of (a) the Shareholders’ Agreement and (b) each other agreement or arrangement between the Target and one or more
      of its shareholders (in their capacities as such) relating to the governance of the Target, which agreement or arrangement is identified as being subject to this Section 7.3 in a written notice delivered by or on behalf of the Target prior to the
      Closing (the agreements and arrangements referenced in the foregoing clauses (a) and (b), collectively, the “Interested Party Arrangements”), in each case, effective as of the consummation of the Acquisition
      and without any further liability or obligation thereafter on the part of any of the Acquirer, the Target or any of their respective subsidiaries or any shareholder of Acquirer or the Target.  The termination of any Interested Party Arrangement shall
      terminate the rights of the parties thereto, if any, to enforce any provisions of such agreements that expressly survive the termination of such Interested Party Arrangement.

    

    

    
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    7.4

    I agree not to commence or participate in any claim or action, derivative or otherwise, against the Target, the SPAC or any of their respective Affiliates relating to the negotiation,
      execution or delivery of this letter or the Business Combination Agreement or the consummation of the Business Combination, including any claim (a) challenging the validity of, or seeking to enjoin the operation of, any provision of this letter or
      (b) alleging a breach of any fiduciary duty of the board of directors of the Target or the Acquirer in connection with this letter, any of the Transaction Agreements or any of the transactions contemplated hereby or thereby (including the Acquisition
      and the Business Combination).

    

    

    8.

    POWER OF ATTORNEY

    

    

    8.1

    In order to secure the performance of my obligations under this undertaking, I appoint each and every director and officer of the Acquirer and each and every director and officer of the
      Target, in each case, from time to time, as my attorney and agent (the “Attorney”), with full power and authority in my name and on my behalf, to do and perform all acts and things and to approve, execute or
      sign and deliver all deeds and other agreements, instruments, resolutions, consents, forms and other documents (including the Acquisition Documents) which the Attorney in his or her absolute discretion considers necessary or desirable  in connection
      with (a) consummating the Acquisition in respect of the Target Shares and any Further Target Shares; (b) effecting any of the other transactions contemplated by the Transaction Agreements; (c) determining whether the aggregate value proposed to be
      received by the Target’s shareholders was properly calculated in accordance with paragraph 2.1; or (d) performing any of the obligations under this undertaking.

    

    

    8.2

    I agree that this power of attorney is given by way of security and is irrevocable in accordance with section 4 of the Powers of Attorney Act 1971 until this undertaking expires in
      accordance with paragraph 6.

    

    

    8.3

    I undertake to ratify and confirm anything that the Attorney does or lawfully causes to be done in good faith in my name or on my behalf under the powers contained in this deed and to
      indemnify the Attorney on demand against all liabilities, losses, claims, costs, and expenses which the Attorney may suffer and incur arising from or in connection with anything done or omitted to be done in good faith under this authority (including
      any cost incurred in enforcing this indemnity).

    

    

    9.

    GENERAL

    

    

    9.1

    Any time, date or period mentioned in this undertaking may be extended by mutual agreement but as regards any time, date or period originally fixed or as extended, time shall be of the
      essence.

    

    

    
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    9.2

    The phrases “this letter” and “this undertaking” and the words “hereof” and “herein” refer to this letter agreement as a whole and not to any particular provision of this letter agreement
      unless otherwise indicated. All schedules and exhibits annexed to or referred to in this letter agreement are incorporated in and made a part of this letter agreement as if set forth in full herein. Any singular term used herein shall be deemed to
      include the plural, and vice versa. Whenever the word “include,” “includes” or “including” is used herein, it shall be deemed to be followed by the words “without limitation.” The words “writing,” “written”
      and words of similar import refer to printing, typing and other means of reproducing words (including email and other electronic media) in a visible form. References herein to any agreement, instrument or other document shall be deemed to refer to
      such agreement, instrument or other document as amended, restated, supplemented or otherwise modified from time to time in accordance with the terms thereof. References herein to any person or entity include the successors and permitted assigns of
      such person or entity.

    

    

    9.3

    I agree that, if I fail to comply with, or breach, any of my obligations set forth in this letter, damages would not be an adequate remedy and accordingly the Acquirer shall be entitled to
      the remedy of specific performance.

    

    

    9.4

    I agree that, except as expressly required or permitted by this letter, I (a) will not take any action that would reasonably be expected to prevent, impede, interfere with or adversely
      affect my ability to perform my obligations under this letter, or the ability of the Acquirer, the Target or the SPAC to perform its obligations under this letter or any other Transaction Agreement and (b) will execute and deliver, or cause to be
      executed and delivered, such additional transfers, assignments, endorsements, proxies, consents and other instruments, and shall take such further actions, as the Acquirer may reasonably request for the purpose of carrying out and furthering the
      intent of this letter.

    

    

    9.5

    The covenants and undertakings contained in this letter and each part of them are entirely separate, severable and separately enforceable so that each covenant and undertaking and each part
      of them shall be deemed to be a separate covenant and undertaking.

    

    

    9.6

    Other than the Acquirer, the parties to this letter do not intend that any of its terms will be enforceable by virtue of the Contracts (Rights of Third Parties) Act 1999 by any person not a
      party to it.

    

    

    9.7

    This letter may only be treated as having been executed and delivered as a deed if it has been dated.

    

    

    10.

    GOVERNING LAW

    

    

    10.1

    This undertaking and any non-contractual obligations arising out of or in relation to it or its formation shall be governed by and construed in accordance with English law, and I submit to
      the exclusive jurisdiction of the English courts for all purposes in connection with this undertaking.

    

    

    
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    Yours faithfully,

    

    

    IN WITNESS whereof, I have executed this letter as a Deed this       day of                                    .

    

    

    	
            SIGNED

          	
            )

          	 	 
	 	 	 	 
	
            by

          	
            )

          	 	 
	 	 	 	 
	
            as a DEED in the

          	
            )

          	 	 
	 	 	 	 
	
            presence of

          	
            )

          	 	 

    

    

    

    

    	
            WITNESS’ SIGNATURE:

          	 	 
	 	 	 
	
            WITNESS’ NAME:

          	 	 
	 	 	 
	
            WITNESS’ ADDRESS:

          	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

    

    

    We agree and accept the terms of this undertaking.

    

    

    _________________________________

    

    

    Director

    

    

    For and on behalf of

    

    

    ELEUSIS INC.

    

    

    

    

  

  10Exhibit 10.2

    

    

    SPONSOR SUPPORT AGREEMENT

    

    

    This Sponsor Support Agreement (this “Agreement”) is entered into on January [●], 2022 by Silver Spike Sponsor II, LLC, a Delaware limited liability company (the “Sponsor”), Silver
      Spike Acquisition Corp II, a Cayman Islands exempted company (including any successor entity thereto, including as resulting from the Domestication Merger or the Business Combination Merger (each as defined in the Business Combination Agreement (as
      hereinafter defined)), “SPAC”), Eleusis Inc., a Delaware corporation (“HoldCo”), and Eleusis Holdings Limited, a company incorporated under the laws of England and Wales with company number 10809365 (the “Company”). The Sponsor,
      SPAC, HoldCo, and the Company are sometimes collectively referred to herein as the “Parties”, and each of them is sometimes individually referred to herein as a “Party”.  Certain terms used in this Agreement have the applicable meanings
      ascribed to them in Section 3.1.

    

    

    RECITALS

    

    

    WHEREAS, as of the date hereof, the Sponsor is the holder of record and the beneficial owner (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of (i) 7,187,500 SPAC Class B
      Ordinary Shares (which constitute all of the outstanding SPAC Class B Ordinary Shares) and (ii) 5,166,667 SPAC Private Placement Warrants (which constitute all of the outstanding SPAC Private Placement Warrants);

    

    

    WHEREAS, contemporaneously with the Parties’ execution and delivery of this Agreement, SPAC, HoldCo, the Company and certain other Persons have entered into that certain Business Combination
      Agreement and Plan of Merger, dated as of the date hereof (as amended, restated, supplemented or otherwise modified from time to time, the “Business Combination Agreement”); and

    

    

    WHEREAS, as an inducement to SPAC and the Company to enter into the Business Combination Agreement and to consummate the transactions contemplated thereby, the Parties desire to agree to certain
      matters as set forth herein.

    

    

    AGREEMENT

    

    

    NOW, THEREFORE, in consideration of the foregoing and the representations, warranties, covenants and agreements set forth herein, the Parties, intending to be legally bound, hereby agree as follows:

    

    

    ARTICLE I

    COVENANTS AND AGREEMENTS

    

    

    Section 1.1          Restrictions on Transfer.

    

    

    (a)          From the date hereof until the earlier of (i) the Closing or (ii) the valid termination of this Agreement pursuant to Section 3.3, the Sponsor (and each other Person to which
      any Promote Share or Private Placement Warrant is Transferred) shall not, directly or indirectly, Transfer any of the Promote Shares or Private Placement Warrants legally or beneficially owned by it, other than (A) pursuant to the Domestication
      Merger, the Business Combination Merger or as otherwise expressly permitted or required by the Business Combination Agreement or other definitive transaction agreements executed and delivered by (x) one or both of HoldCo and the Company and (y) each
      other party thereto, (B) pursuant to a Permitted Transfer or (C) as mutually agreed in writing by the Sponsor, HoldCo and the Company; provided that, in the case of any Transfer pursuant to the foregoing clause (B) (except in connection with
      clause (vi) under the definition of Permitted Transfer), each transferee of any Promote Share or Private Placement Warrant must enter into a written agreement with HoldCo and the Company agreeing to be bound by, and comply with, the provisions set
      forth in each of Section 1.1, Section 1.3(a), Section 1.3(b), Section 1.3(c) (to the extent that such transferee is a party to the Insider Letter or controls SPAC), the third and fourth sentences of Section 1.4,
      Section 1.5, Section 1.6, Section 1.8(a) and Article III (to the extent referenced in or otherwise applicable to the provisions set forth in any of the foregoing Sections) as if it were the Sponsor hereunder for
      purposes of such provisions and an original signatory hereto.

    
      
        

    

    

    

    (b)          From the Closing until the earlier of (i) the Lock-up Release Date and (ii) the valid termination of this Agreement pursuant to Section 3.3, the Sponsor shall not, directly or
      indirectly, Transfer any of the Promote Shares legally or beneficially owned by it, other than (A) pursuant to a Permitted Transfer or (B) as mutually agreed in writing by the Sponsor and HoldCo; provided that, in the case of any Transfer
      pursuant to the foregoing clause (A) (except in connection with c(vi) under the definition of Permitted Transfer) or (B), each transferee of any Promote Share must enter into a written agreement with HoldCo agreeing to be bound by, and comply with,
      the transfer restrictions set forth in this Agreement as if such transferee were the Sponsor hereunder for purposes of such transfer restrictions and an original signatory hereto.  For the avoidance of doubt, the restrictions set forth in this Section

        1.1(b) shall not apply to any Private Placement Warrants or to any shares of HoldCo Common Stock into which such Private Placement Warrants are converted or for which such Private Placement Warrants are exercised or exchanged (including by
      reason of any Equity Adjustment).

    

    

    (c)          The Parties acknowledge and agree that (i) notwithstanding anything to the contrary herein, all Promote Shares and Private Placement Warrants beneficially owned by the Sponsor (or any
      Person to which any Promote Share or Private Placement Warrant is Transferred) will remain subject to any restrictions on Transfer under all applicable securities laws and all rules and regulations promulgated thereunder, and (ii) any purported
      Transfer of any Promote Share or Private Placement Warrant in violation of this Agreement will be null and void ab initio.

    

    

    (d)          If, at any time following the Merger Effective Time and prior to the Lock-up Release Date, the shares of HoldCo Common Stock outstanding as of immediately following the Merger Effective
      Time shall have been changed into a different number of shares or a different class, by reason of any Equity Adjustment or otherwise, or any similar event shall have occurred, then the applicable HoldCo Closing Price specified in the definition of
      “Lock-up Release Date” will be equitably adjusted to reflect such change.

    

    

    Section 1.2          Waiver of Anti-Dilution Provisions.  The Sponsor hereby irrevocably waives (for itself and for its successors, assigns and transferees), to the fullest extent permitted by
      applicable Law and the Governing Documents of SPAC, any anti-dilution or other protection with respect to the SPAC Class B Ordinary Shares or the shares of SPAC Successor Class B Common Stock that would result in the SPAC Class B Ordinary Shares or
      shares of SPAC Successor Class B Common Stock, as applicable, converting into other Equity Securities of SPAC or HoldCo in connection with any of the transactions contemplated by the Business Combination Agreement or any Ancillary Agreement
      (including the Domestication Merger, the Business Combination Merger and any Financing Arrangement) at a ratio greater than one-for-one (including the provisions of Article 17 of SPAC’s Amended and Restated Memorandum and Articles of Association and
      any corresponding provisions of SPAC Successor’s certificate of incorporation or bylaws).  The waiver specified in this Section 1.2 will be applicable only in connection with the Transactions (including the Domestication Merger, the Business
      Combination Merger and any Financing Arrangement) and will be void and of no force and effect if the Business Combination Agreement is validly terminated for any reason prior to the Closing. For the avoidance of doubt, the foregoing waiver does not
      waive the Sponsor’s rights under Section 17.8 of SPAC’s Amended and Restated Memorandum and Articles of Association (or any corresponding provision of SPAC Successor’s certificate of incorporation or bylaws), which provides that in no event may any
      SPAC Class B Ordinary Share (or share of SPAC Successor Class B Common Stock, as applicable) convert into SPAC Class A Ordinary Shares (or shares of SPAC Successor Class A Common Stock, as applicable) at a ratio that is less than one-for-one.

    
      
        

    

    
    

    

    Section 1.3          Sponsor Support Agreements.

    

    

    (a)          The Sponsor hereby irrevocably and unconditionally agrees, solely in its capacity as a shareholder of SPAC, that, unless this Agreement has been validly terminated in accordance with Section

        3.3, at any meeting of the shareholders of SPAC (whether annual or special, however called and including any adjournment or postponement thereof), and in connection with any written consent of shareholders of SPAC, the Sponsor will, and will
      cause any other holder of record of any of the Sponsor’s voting Covered Securities:

    

    

    (i)          to appear at such shareholder meeting or otherwise cause the Sponsor’s voting Covered Securities to be counted as present at such shareholder meeting, for purposes of
      establishing a quorum;

    

    

    (ii)          to vote, or cause to be voted, in person or by proxy, at such shareholder meeting (or, as applicable, validly execute and deliver and take all other action necessary
      to grant legally effective consent to any action by written consent of the shareholders of SPAC) all of the Sponsor’s voting Covered Securities owned as of the record date for such meeting (or, as applicable, the date that any written consent is
      executed by the shareholders of SPAC), in favor of the Transaction Proposals; and

    

    

    (iii)          to vote, or cause to be voted, in person or by proxy, at such shareholder meeting (or, as applicable, take all action necessary to withhold consent to any action by
      written consent of the shareholders of SPAC) all of the Sponsor’s voting Covered Securities owned as of the record date for such meeting (or, as applicable, the date that any written consent is executed by the shareholders of SPAC), against (A) any
      Business Combination Proposal and (B) any other action (x) that would reasonably be expected to prevent, materially impede, materially interfere with, materially delay or materially postpone the ability of SPAC to consummate the Transactions, (y)
      that would be in competition with or inconsistent with the Business Combination Agreement or any Ancillary Agreement or (z) that is intended, or would reasonably be expected, to prevent, materially impede, materially interfere with, materially delay
      or materially postpone or adversely affect in any material respect any of the Transactions or would reasonably be expected to result in any of the conditions to HoldCo’s obligations under the Business Combination Agreement not being satisfied as of
      the Closing.

    

    

    The obligations of the Sponsor specified in this Section 1.3(a) will apply whether or not any of the Transaction Proposals is recommended by the SPAC Board and whether or not the SPAC Board has previously
      recommended any of the Transaction Proposals but changed such recommendation.

    

    

    (b)          The Sponsor hereby irrevocably and unconditionally agrees not to elect to redeem any SPAC Ordinary Share in the SPAC Share Redemption or otherwise.

    

    

    (c)          From the date hereof until the earlier of (i) the Closing or (ii) the valid termination of this Agreement pursuant to Section 3.3, the Sponsor will comply with and fully perform
      all of its covenants and agreements set forth in the Insider Letter, and the Sponsor shall not amend, restate, supplement or otherwise modify, or cause SPAC to amend, restate, supplement or otherwise modify or waive, any provision of the Insider
      Letter without the prior written consent of the Company.

    
      2

      
        

    

    

    

    Section 1.4          Further Assurances. From time to time, at the request of SPAC, HoldCo or the Company and for no additional consideration, the Sponsor will execute and deliver such additional documents and use
      commercially reasonable efforts to take all such further action as may be reasonably necessary or reasonably requested by SPAC, HoldCo or the Company to effect the actions and consummate the transactions contemplated by this Agreement, the Business
      Combination Agreement and each other Ancillary Agreement to which the Sponsor is a party.  For clarity, the preceding sentence shall not require the Sponsor to pay any monetary amount or make any financial accommodation or concession.  The Sponsor
      further agrees not to commence or participate (in a manner adverse to SPAC, HoldCo, the Company or any of their respective Related Persons) in, and agrees to take all actions necessary to opt out of any class in any class action with respect to, any
      Action, derivative or otherwise, against SPAC, HoldCo, the Company or any of their respective Related Persons, relating to the negotiation, execution or delivery of the Business Combination Agreement, any of the Ancillary Agreements or any of the
      Transactions (including any Action (a) challenging the validity of, or seeking to enjoin the operation of, any provision of the Business Combination Agreement or any of the Ancillary Agreements or (b) alleging a breach of any fiduciary duty of the
      SPAC Board in connection with this Agreement, the Business Combination Agreement, any other Ancillary Agreement, any of the Transactions or any of the transactions contemplated hereby).  Notwithstanding anything herein to the contrary, nothing in
      this Agreement shall limit or restrict the ability of the Sponsor to enforce its rights under this Agreement or any other Ancillary Agreement to which the Sponsor is a party or seek any other remedies with respect to any breach of this Agreement or
      such other Ancillary Agreement by any other party hereto or thereto, including by commencing any Action in connection therewith.

    

    

    Section 1.5          No Inconsistent Agreement. The Sponsor hereby represents and covenants that the Sponsor has not entered into, and will not enter into, any agreement that would restrict, limit or interfere
      with the performance of the Sponsor’s obligations hereunder.

    

    

    Section 1.6          Permitted Disclosure. The Sponsor hereby authorizes each of HoldCo, the Company, SPAC and their respective Subsidiaries to publish and disclose, in any announcement, filing or disclosure
      required to be made by any Governmental Order or other applicable Law or the rules of any national securities exchange or as requested by the SEC, the Sponsor’s identity and ownership of Equity Securities of SPAC or HoldCo, as applicable, and the
      Sponsor’s obligations under this Agreement.

    

    

    Section 1.7          Disclosure; Public Announcements.  None of HoldCo, the Company or SPAC shall publish or disclose in any announcement, filing or disclosure the Sponsor’s identity or ownership of Equity
      Securities of SPAC or HoldCo or the nature of the Sponsor’s obligations under this Agreement unless such publication or disclosure is required to be made by any Governmental Order or other applicable Law or the rules of any national securities
      exchange or as requested by the SEC.  The Sponsor agrees to be bound by, and comply with, the provisions of Section 13.12 (Publicity) of the Business Combination Agreement (including the definitions of any
      defined terms used in such section of the Business Combination Agreement), which provisions are incorporated herein by reference as if set forth herein, as if the Sponsor was an original signatory to the Business Combination Agreement solely with
      respect to such provisions.

    
      3

      
        

    

    

    

    Section 1.8          Support of the Transactions.

    

    

    (a)          From the date hereof until the earlier of (i) the Closing or (ii) the valid termination of this Agreement pursuant to Section 3.3, the Sponsor will not, and the Sponsor will
      instruct and use reasonable best efforts to cause its Representatives not to, (A) make any proposal or offer that constitutes a Business Combination Proposal, (B) initiate discussions or negotiations with any Person with respect to a Business
      Combination Proposal (other than to inform such Person of the Sponsor’s obligations pursuant to this Section 1.8(a)) or (C) enter into any acquisition agreement, business combination agreement, merger agreement or similar definitive
      agreement, or any letter of intent, memorandum of understanding or agreement in principle, or any other agreement relating to a Business Combination Proposal, in each case, other than to or with the Company and its representatives.  From and after
      the date hereof, the Sponsor will, and will instruct and cause its Representatives, its Affiliates and their respective Representatives to, immediately cease and terminate all discussions and negotiations with any Persons that may be ongoing with
      respect to a Business Combination Proposal (other than the Company and its Representatives).

    

    

    (b)          Subject to the terms and conditions set forth in the Business Combination Agreement, and to applicable Laws, from the date hereof until the valid termination of this Agreement, the
      Sponsor will use commercially reasonable efforts to take, or cause to be taken, all appropriate actions and to do, or cause to be done, all things reasonably necessary to consummate the Mergers and the other transactions contemplated by the Business
      Combination Agreement, in each case, on the terms and subject to the conditions set forth therein (provided that this sentence will not require the Sponsor to pay any monetary amount or make any financial accommodation or concession), and will
      not take any action that would reasonably be expected to materially delay, materially impede or prevent the satisfaction of any of the conditions to the Business Combination Merger set forth in Article 11 (Conditions
        to Obligations) of the Business Combination Agreement.

    

    

    ARTICLE II

    REPRESENTATIONS AND WARRANTIES

    

    

    Section 2.1          Representations and Warranties of the Sponsor. The Sponsor represents and warrants to HoldCo and the Company as follows:

    

    

    (a)          Organization; Due Authorization. The Sponsor is duly organized, validly existing and in good standing under the Laws of the jurisdiction in which it is incorporated, formed,
      organized or constituted, and the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby are within the Sponsor’s corporate or other organizational powers and have been duly authorized by
      all necessary corporate or other organizational actions on the part of the Sponsor. This Agreement has been duly executed and delivered by the Sponsor and, assuming due authorization, execution and delivery by the other Parties, this Agreement
      constitutes a legally valid and binding obligation of the Sponsor, enforceable against the Sponsor in accordance with the terms hereof (except as enforceability may be limited by bankruptcy Laws, other similar Laws affecting creditors’ rights and
      general principles of equity affecting the availability of specific performance and other equitable remedies).

    

    

    (b)          Ownership.  As of the date hereof, the Sponsor is the sole holder of record and beneficial owner (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of, and has
      good title to 7,187,500 SPAC Class B Ordinary Shares and 5,166,667 SPAC Private Placement Warrants (collectively, the Sponsor’s “Owned Securities”), and there exists no Lien or any other limitation or restriction affecting any of such Owned
      Securities (including any restriction on the right to vote, sell or otherwise dispose of any of such Owned Securities), other than pursuant to (i) this Agreement, (ii) SPAC’s Governing Documents, (iii) the Business Combination Agreement or the
      Ancillary Agreements, (iv) the Insider Letter or (v) applicable securities Laws.  As of the date hereof, the Sponsor does not own of record or beneficially (or have any right, option or warrant to acquire) any Equity Security of SPAC or any of its
      Subsidiaries (or any indebtedness convertible into or exercisable or exchangeable for any Equity Security of SPAC) or any interest therein, other than the Sponsor’s Owned Securities.  Except pursuant to this Agreement, the Sponsor’s Owned Securities
      are not subject to any proxy, voting trust or other agreement or arrangement with respect to the voting of such Owned Securities.

    
      4

      
        

    

    

    

    (c)          No Conflicts.  The execution and delivery of this Agreement by the Sponsor does not, and the performance by the Sponsor of its obligations hereunder will not, (i) conflict with
      or result in a violation of the Governing Documents of the Sponsor or (ii) require any consent, waiver or approval that has not been given or other action that has not been taken by any Person (including under any Contract binding upon the Sponsor or
      the Sponsor’s Covered Securities), the absence of which consent, waiver or approval, or omission of which action, would prevent, enjoin or materially delay the performance by the Sponsor of its obligations under this Agreement.

    

    

    (d)          Litigation.  There is no Action pending against the Sponsor or, to the knowledge of the Sponsor, threatened against the Sponsor that challenges all or any part of this Agreement
      or any of the transactions contemplated hereby, or that seeks to, or would reasonably be expected to, prevent, enjoin or materially delay the performance by the Sponsor of its obligations under this Agreement.

    

    

    (e)          Brokerage Fees.  Except as disclosed in Section 5.14 of the SPAC Disclosure Letter, no financial advisor, investment banker, broker, finder or other similar intermediary is
      entitled to any fee or commission in connection with the Business Combination Agreement, this Agreement or any other Ancillary Agreement, any of the Transactions or any of the transactions contemplated hereby, in each case, based upon any agreement
      or arrangement made by, or, to the knowledge of the Sponsor, on behalf of, the Sponsor for which SPAC, HoldCo, the Company or any of their respective Subsidiaries would have any obligation.

    

    

    (f)          Affiliate Arrangements. Except as disclosed in the prospectus, dated March 10, 2021, filed in connection with SPAC’s initial public offering, neither Sponsor nor any of its
      Affiliates (i) is party to, or has any rights with respect to or arising from, any material Contract with SPAC or any of its Subsidiaries (other than the Business Combination Agreement or any other Contract relating to the Transactions that is
      expressly contemplated by the Business Combination Agreement) or (ii) is (or will be) entitled to receive from SPAC, HoldCo, the Company or any of their respective Subsidiaries 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 SPAC’s initial Business Combination (regardless of the type or form of
      such transaction, and including, for the avoidance of doubt, the Mergers).

    

    

    (g)          Acknowledgment.  The Sponsor has read this Agreement and has had the opportunity to consult with its tax, legal and other advisors regarding this Agreement and the transactions
      contemplated hereby.  The Sponsor understands and acknowledges that the Company’s willingness to enter into the Business Combination Agreement was conditioned upon and materially induced by the Sponsor’s execution and delivery of this Agreement and
      performance of its obligations hereunder.

    

    

    ARTICLE III

    MISCELLANEOUS

    

    

    Section 3.1          Definitions.

    

    

    (a)          Capitalized terms used and not otherwise defined herein shall have the respective meanings ascribed to such terms in the Business Combination Agreement.

    
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    (b)          As used in this Agreement, the following terms shall have the following meanings:

    

    

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

    

    

    “Business Combination Agreement” has the meaning set forth in the recitals hereto.

    

    

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

    

    

    “Covered Securities” means (i) all of the Sponsor’s Owned Securities and (ii) all other Equity Securities of SPAC of which the Sponsor has beneficial ownership (whether
      pursuant to any Equity Adjustment or otherwise), as of any applicable time after the date hereof but before the Closing.

    

    

    “Equity Securities” means, with respect to any Person, any share of capital stock of, or other equity interest in, such Person, any subscriptions, options, stock
      appreciation rights, warrants, rights or other securities (including debt securities) convertible into or exchangeable or exercisable for any share of capital stock of, or other equity interest in, such Person, any other commitments, calls,
      conversion rights, rights of exchange or privilege (whether pre‐emptive, contractual or by matter of law), plans or other agreements of any character providing for the issuance of additional shares, the sale of treasury shares or other equity
      interests, or for the repurchase or redemption of shares or other equity interests, of such Person or the value of which is determined by reference to shares or other equity interests of such Person, or any voting trusts, proxies or agreements of any
      kind which may obligate such Person to issue, purchase, register for sale, redeem or otherwise acquire any shares or other equity interests of such Person.

    

    

    “HoldCo” has the meaning set forth in the preamble hereto.

    

    

    “HoldCo Closing Price” means, with respect to any given Trading Day, the closing price per share of HoldCo Common Stock on such Trading Day, as reported by Bloomberg or, if
      not available on Bloomberg, as reported by Morningstar.

    

    

    “Insider Letter” means that certain letter agreement, dated March 10, 2021, between SPAC, the Sponsor and the officers and directors of SPAC.

    

    

    “Lock-up Release Date” means the earlier of (i) the first anniversary of the Closing Date and (ii) the first day after the Closing on which the HoldCo Closing Price has been
      greater than or equal to $12.00 per share (as adjusted for share splits, share dividends, rights issuances, subdivisions, reorganizations, recapitalizations and the like) for any 20 Trading Days within any period of 30 consecutive Trading Days
      commencing at least 150 days after the Closing Date.

    

    

     “Owned Securities” has the meaning set forth in Section 2.1(b).

    

    

    “Party” has the meaning set forth in the preamble hereto.

    

    

    “Permitted Transfer” means any Transfer (i) to HoldCo’s or SPAC’s officers or directors, any affiliates or family members of any of HoldCo’s or SPAC’s officers or directors,
      or any shareholder, member, partner or holder of any other equity interest in the Sponsor or any affiliates of the Sponsor, (ii) in the case of an individual, by gift to a member of the individual’s immediate family, or to a trust, the beneficiary of
      which is a member of the individual’s immediate family or an affiliate of such person, or to a charitable organization, (iii) in the case of an individual, by virtue of laws of descent and distribution upon death of the individual, (iv) in the case
      of an individual, pursuant to a qualified domestic relations order, (v) by virtue of the laws of the jurisdiction of organization of the Sponsor or the Sponsor’s Governing Documents, as amended from time to time, upon dissolution of the Sponsor or
      (vi) in the event of HoldCo’s completion of a liquidation, merger, amalgamation, share exchange, reorganization or other similar transaction which results in all of HoldCo’s stockholders having the right to exchange their shares of HoldCo Common
      Stock for cash, securities or other property subsequent to the Closing.

    
      6

      
        

    

    

    

    “Private Placement Warrants” means 5,166,667 SPAC Private Placement Warrants or any other Equity Securities of SPAC or HoldCo into which such SPAC Private Placement Warrants
      are converted or for which such SPAC Private Placement Warrants are exercised or exchanged (including by reason of any Equity Adjustment or any of the Transactions).

    

    

    “Promote Shares” means 7,187,500 SPAC Class B Ordinary Shares or any other Equity Securities of SPAC or HoldCo into which such SPAC Class B Ordinary Shares are converted or
      for which such SPAC Class B Ordinary Shares are exercised or exchanged (including by reason of any Equity Adjustment or any of the Transactions).

    

    

    “Related Person” means, with respect to any specified Person, any former, current or future (i) Affiliate, equityholder, member, partner, director, manager, officer, employee, agent,
      representative, heir, successor or assign of such specified Person or (ii) any Affiliate, equityholder, member, partner, director, manager, officer, employee, agent, representative, heir, successor or assign of any Person described in the preceding
      clause (i).

    

    

    “Representative” means, with respect to any specified Person, any director, manager, officer, employee, agent, attorney, advisor or other representative of such specified
      Person.

    

    

    “SPAC” has the meaning set forth in the preamble hereto.  For the avoidance of doubt, references herein to SPAC shall also be deemed to be references to SPAC Successor.

    

    

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

    

    

    “Trading Day” means any day on which shares of HoldCo Common Stock are actually traded on the principal securities exchange or securities market on which shares of HoldCo
      Common Stock are then traded.

    

    

    “Transfer” means the (i) direct or indirect transfer, sale or assignment of, offer to sell, contract or any agreement to sell, hypothecate, pledge, encumber, grant of any
      option to purchase or otherwise dispose of, either voluntarily or involuntarily, or any agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call
      equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934 and the rules and regulations of the Securities and Exchange Commission promulgated thereunder with respect to, any security, (ii) entry into any swap or
      other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (iii) public
      announcement of any intention to effect any transaction specified in the foregoing clause (i) or (ii).

    

    

    Section 3.2          Construction.  This Agreement and all of its provisions shall be interpreted in accordance with section 1.2 (Construction) of the Business Combination
      Agreement, the provisions of which are incorporated herein by reference as if set forth herein, mutatis mutandis.

    
      7

      
        

    

    

    

    Section 3.3          Termination.  This Agreement and all of its provisions shall automatically terminate and be of no further force or effect (a) upon the earlier of (i) the termination of the Business
      Combination Agreement in accordance with its terms and (ii) the Lock-Up Release Date or (b) as mutually agreed in writing by the Parties in accordance with Section 3.5.  Upon any valid termination of this Agreement, all obligations of the
      Parties hereunder shall terminate, without any liability or other obligation on the part of any Party to any Person in respect of this Agreement or the transactions contemplated hereby, and no Person shall have any claim or right against any Party,
      whether in contract, tort or otherwise, with respect to the subject matter hereof; provided, however, that the termination of this Agreement shall not relieve any Party from any liability arising in respect of any breach of this
      Agreement prior to such termination.  Notwithstanding anything to the contrary herein, Article III shall survive the termination of this Agreement.

    

    

    Section 3.4          Assignment.  This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit of the Parties and their respective successors and permitted assigns.  No Party may
      assign or delegate all or any part of this Agreement or any of the rights, benefits, obligations or liabilities hereunder (including by operation of Law) without the prior written consent of the other Parties.

    

    

    Section 3.5          Amendment.  Except for any termination of this Agreement pursuant to clause (a) of the first sentence of Section 3.3, this Agreement may not be amended, restated, supplemented or
      otherwise modified, except upon the execution and delivery of a written agreement providing therefor by (a) prior to the Closing, SPAC, HoldCo, the Company and the Sponsor and (b) from and after the Closing, HoldCo and the Sponsor.

    

    

    Section 3.6          Waiver.  No failure or delay by any Party in 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 hereunder are cumulative and are not exclusive of any rights or remedies otherwise available to the Parties.  No waiver
      of any right, power or privilege hereunder shall be valid unless it is set forth in a written instrument executed and delivered by the Party to be charged with such waiver.

    

    

    Section 3.7          No Third-Party Beneficiaries.  Nothing expressed or implied in this Agreement is intended or shall be construed to confer upon or give any Person, other than the Parties and their respective
      successors and permitted assigns, any right or remedy under or by reason of this Agreement.

    
      8

      
        

    

    

    

    Section 3.8          Notices. All notices and other communications under this Agreement between the Parties shall be in writing and shall be deemed to have been duly given, delivered and received (a) when
      delivered in person, (b) when delivered after posting in the U.S. mail, having been sent registered or certified mail, return receipt requested, postage prepaid, (c) when delivered by FedEx or another nationally recognized overnight delivery service
      or (d) when delivered by email (unless an “undeliverable” or similar message is received with respect to each email address provided in or pursuant to this Section 3.8 for the applicable Party) (provided that any such notice or other
      communication delivered in the manner described in any of the preceding clauses (a), (b) and (c) shall also be delivered by email no later than 24 hours after being dispatched in the manner described in the preceding clause (a), (b) or (c), as
      applicable), in each case, addressed as follows (or to such other address(es) or email address(es) as may be designated from time to time by a Party in accordance with this Section 3.8):

    

    

    If to SPAC prior to the Merger Effective Time, to:

    

    

    Silver Spike Acquisition Corp II

    660 Madison Avenue, Suite 1600

    New York, NY 10065

    Attn:          Greg Gentile

    Email:        notices@silverspikecap.com

    

    

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

    

    

    Davis Polk & Wardwell LLP

    450 Lexington Avenue

    New York, NY 10017

    Attn:          William J. Chudd

        Lee Hochbaum

    Email:        william.chudd@davispolk.com

        lee.hochbaum@davispolk.com

    

    

    If to SPAC after the Merger Effective Time or to HoldCo or the Company, to:

    

    

    c/o Eleusis Holdings Limited

    99 Wall Street #2205

    New York, NY 10005

    Attn:          Shlomi Raz

        Paul Slattery

    Email:        shlomi.raz@eleusisltd.com

        paul.slattery@eleusisltd.com

    

    

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

    

    

    Latham & Watkins LLP

    1271 Avenue of the Americas

    New York, NY 10020

    Attn:          Joshua M. Dubofsky

        Haim Zaltzman

        Kristen S. Grannis

    Email:        josh.dubofsky@lw.com

        haim.zaltzman@lw.com

        kristen.grannis@lw.com

    
      9

      
        

    

    

    

    If to the Sponsor, to:

    

    

    Silver Spike Sponsor II, LLC

    660 Madison Avenue Suite 1600

    New York, New York 10065

    Attn:          Greg Gentile

    Email:        notices@silverspikecap.com

    

    

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

    

    

    Davis Polk & Wardwell LLP

    450 Lexington Avenue

    New York, NY 10017

    Attn:          William J. Chudd

        Lee Hochbaum

    Email:        william.chudd@davispolk.com

        lee.hochbaum@davispolk.com

    

    

    Section 3.9          Other Provisions. The provisions set forth in each of sections 13.7 (Governing Law), 13.8 (Headings; Counterparts),

      13.13 (Severability), 13.14 (Jurisdiction; Waiver of Jury Trial) and 12.15 (Enforcement) of the Business Combination Agreement
      are incorporated herein by reference as if set forth herein, mutatis mutandis.

    

    

    Section 3.10          Entire Agreement. This Agreement and the Business Combination Agreement constitute the entire agreement and understanding of the Parties with respect to the subject matter hereof and
      supersede all prior understandings, agreements and representations by or among the Parties to the extent they relate in any way to the subject matter hereof.

    

    

     [Remainder of page intentionally left blank.]

    
      10

      
        

    

    

    

    IN WITNESS WHEREOF, each of the Parties has caused this Agreement to be duly executed as of the date first written above.

    

    

    	 	
            SPONSOR:

          
	 	 	 	 
	 	
            SILVER SPIKE SPONSOR II, LLC

          
	 	
            by its Manager:

          
	 	 	 	 
	 	
            SILVER SPIKE CAPITAL, LLC

          
	 	 	 	 
	 	By:	
            

            

          
	 	 	
            Name: 

            

          	[●]
	 	 	
            Title: 

            

          	[●]

    

    

    [Signature Page of Sponsor Letter Agreement]

    
      
        

    

    

    

    	 	
            SPAC:

          
	 	 	 	 
	 	
            SILVER SPIKE ACQUISITION CORP II

          
	 	 	 	 
	 	 	 	 
	 	
            By:

          	 
	 	 	
            Name:

          	
            [●]

          
	 	 	
            Title:

          	
            [●]

          

    

    

    [Signature Page of Sponsor Letter Agreement]

    
      
        

    

    

    

    	 	
            HOLDCO:

          
	 	 	 	 
	 	
            ELEUSIS INC.

          
	 	 	 	 
	 	 	 	 
	 	
            By:

          	 
	 	 	
            Name:

          	
            [●]

          
	 	 	
            Title:

          	
            [●]

          

    

    

    [Signature Page of Sponsor Letter Agreement]

    
      
        

    

    

    

    	 	
            COMPANY:

          
	 	 	 	 
	 	
            ELEUSIS HOLDINGS LIMITED

          
	 	 	 	 
	 	 	 	 
	 	
            By:

          	 
	 	 	
            Name:

          	
            [●]

          
	 	 	
            Title:

          	
            [●]

          

    

    

    [Signature Page of Sponsor Letter Agreement]

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