Document:

Exhibit 10.2

  

   

    

  

    

    

    ISP FUND LP

      c/o Sarissa Capital Fund GP LP

      660 Steamboat Road, 3rd Floor

      Greenwich, Connecticut  06830

    

    

    

    

    Dated as of May 20, 2021

    

    

    Innoviva Strategic Partners LLC

    1350 Old Bayshore Highway

      Suite 400

      Burlingame, CA 94010

    

    

    

    

    Re: Distribution from ISP Fund LP

    

    

    

    

    Ladies and Gentlemen:

    

    

    In connection with the investment of Innoviva Strategic Partners LLC (the “Investor”) in ISP Fund LP, a Delaware limited partnership (the “Fund”),
      Sarissa Capital Fund GP LP (the “General Partner”) and the Fund agree with the Investor as follows:

    The Investor is proposing to make a strategic repurchase of shares of the Investor held by Glaxo Group Limited and desires to access capital from its Capital
      Account to fund in part the transaction.  In order to provide the Investor access to the necessary capital for such transaction, the General Partner shall make a distribution to the Investor in the amount up to $110,000,000 as of May 20, 2021, (the
      actual amount distributed , the “Distribution Amount”).  The Investor acknowledges and agrees that Performance Allocation shall accrue at the time of distribution as provided in the Partnership Agreement in respect to the Distribution
      Amount.  In consideration of this distribution , the Investor shall make one or more additional Capital Contributions to the Fund in an aggregate amount equal to the Distribution Amount at such time as the Investor has sufficient free and
      unencumbered cash from royalty payments (as determined by the Investor), and in any event prior to March 31 , 2022 (in each case so long as such Capital Contributions shall not result in the Investor or Innoviva Inc. being an “investment company”
      within the meaning of the Investment Company Act of 1940 or otherwise have a materially adverse regulatory impact on the Investor or Innoviva).

    Each capitalized term used and not otherwise defined in this letter agreement (this “Letter Agreement”) shall have the meaning assigned to such term in
      the Fund’s Amended and Restated Limited Partnership Agreement dated as of December 11, 2020 (the “Partnership Agreement”).

    This Letter Agreement shall be construed in accordance with and governed by the laws of the State of Delaware, without regard to the principles of conflicts of law.  Any claim
      relating to this Letter Agreement shall be brought and maintained only in the Court of Chancery of the State of Delaware, or, if the Court of Chancery of the State of Delaware does not have jurisdiction, the Superior Court of the State of Delaware,
      or, if the Superior Court of the State of Delaware does not have jurisdiction, the United States District Court for the District of Delaware, and each party irrevocably consents (and waives any objection) to the jurisdiction of such courts and to the
      serving of process anywhere in the world.

    

    

    This Letter Agreement may be executed in two or more counterparts, each of which shall be an original, but all of which together shall constitute one and the same instrument. 
      Signatures in electronic form shall be as binding on the parties as originals.

    

    

    Each provision of this Letter Agreement shall be considered separable, and if, for any reason, any provision or provisions hereof are determined to be invalid, illegal or
      unenforceable, such invalidity, illegality or unenforceability shall attach only to such provision and shall not in any manner affect or render illegal, invalid or unenforceable any other provision of this Letter Agreement, and this Letter Agreement
      shall be carried out as if any such illegal, invalid or unenforceable provision were not contained herein.

    

    

    This Letter Agreement shall be binding upon, inure to the benefit of, and may be enforced by, each of the parties to this Letter Agreement and its successors and permitted assigns. 
      Neither this Letter Agreement nor any of the rights, interests or obligations under this Letter Agreement shall be assigned by any party without the prior written consent of the other parties hereto.

    

    

    [Signature Pages Follow]

    

    

    
      
        

    

    ISP FUND LP

    

    

    

    

    By: /s/ Eric Vincent                            

      Name: /s/ Eric Vincent

      Title: Authorized Signer

    

    

    

    

    

    SARISSA CAPITAL FUND GP LP

    

    

    

    

    By: /s/ Mark DiPaolo                         

      Name: Mark DiPaolo

      Title: Authorized Signer

    

    

    

    

    

    

    

    

    

    Accepted and agreed as of the date first written above:

    

    

    Innoviva Strategic Partners LLC

    

    

    

    

    By: /s/ Pavel Raifeld                       

      

    Name: Pavel Raifeld

    

    Title: CEOEX-4.1

 Exhibit 4.1 
  

			
	NUMBER	  	SHARES
	C-	  	
		  	CUSIP 268010105

 SEE REVERSE FOR CERTAIN DEFINITIONS 

DYNAMICS SPECIAL PURPOSE CORP. 

INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE 

CLASS A COMMON STOCK 
 This certifies that

 is the owner of 
 FULLY PAID AND NON-ASSESSABLE SHARES OF THE PAR VALUE OF $0.0001 EACH OF THE CLASS A COMMON STOCK OF 
 Dynamics
Special Purpose Corp. 
 (THE “COMPANY”) 

transferable on the books of the Company in person or by duly authorized attorney upon surrender of this certificate properly endorsed. 

The Company will be forced to redeem all of its shares of Class A common stock if it does not complete a business combination by
                , 2023 (or such later date the Company’s amended and restated certificate of incorporation may be amended to provide for), all as more fully
described in the Company’s final prospectus dated                  , 2021. 

This certificate is not valid unless countersigned by the Transfer Agent and registered by the Registrar. 

Witness the facsimile signatures of its duly authorized officers. 
  

					
	  
	 		  	  

	Chief Executive Officer	 		  	Chief Financial Officer

 DYNAMICS SPECIAL PURPOSE CORP. 

The Company will furnish without charge to each stockholder who so requests, the powers, designations, preferences and relative,
participating, optional or other special rights of each class of stock or series thereof of the Company and the qualifications, limitations, or restrictions of such preferences and/or rights. This certificate and the shares represented thereby are
issued and shall be held subject to all the provisions of the Company’s amended and restated certificate of incorporation and all amendments thereto and resolutions of the Board of Directors providing for the issue of securities (copies of
which may be obtained from the secretary of the Company), to all of which the holder of this certificate by acceptance hereof assents. 

The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out
in full according to applicable laws or regulations: 
  

															
	TEN COM	  	–  	  	as tenants in common	  	 UNIF GIFT
 MIN ACT
	  	–  	  	  
	  	Custodian	  	  

		  		  		  		  		  	  
	  		  	  

	TEN ENT	  	–  	  	 as tenants by the
 entireties
	  		  		  	(Cust)	  		  	(Minor)
	JT TEN	  	–  	  	as joint tenants with right of survivorship and not as tenants in common	  		  		  	
	  		  		  	under Uniform Gifts to Minors Act
	  		  		  	  

		  		  		  		  		  		  	(State)	  	

 Additional abbreviations may also be used though not in the above list. 

 For value received, _______________________ hereby sells, assigns and transfers unto
______________ 
  

	
	(PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER(S) OF ASSIGNEE(S))
	  

 (PLEASE PRINT OR TYPEWRITE NAME(S) AND ADDRESS(ES), INCLUDING ZIP CODE, OF ASSIGNEE(S)) 

____________ Shares of the capital stock represented by the within Certificate, and hereby irrevocably constitutes and appoints _____________________ Attorney
to transfer the said stock on the books of the within named Company with full power of substitution in the premises. 
  

							
	Dated:	 	  
	 		  	  

		 		 		  	 NOTICE: THE SIGNATURE(S) TO THIS
 ASSIGNMENT
MUST CORRESPOND WITH THE
 NAME AS WRITTEN UPON THE FACE OF THE

CERTIFICATE IN EVERY PARTICULAR,
 WITHOUT ALTERATION OR
ENLARGEMENT OR
 ANY CHANGE WHATEVER.

 Signature(s) Guaranteed: 
  

	
	
By:                  
                                         
                                         
                        

 THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS
AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15 (OR ANY SUCCESSOR RULE) UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED). 

In each case, as more fully described in the Company’s final prospectus dated
                , 2021, the holder(s) of this certificate shall be entitled to receive a pro-rata portion of certain funds held
in the trust account established in connection with the Company’s initial public offering only in the event that (i) the Company redeems the shares of Class A common stock sold in the Company’s initial public offering and
liquidates because it does not consummate an initial business combination by                 , 2023 (or such later date as the Company’s amended and restated
certificate of incorporation may be amended to provide for), (ii) the Company offers to redeem the shares of Class A common stock sold in its initial public offering in connection with a stockholder vote to amend the Company’s amended and
restated certificate of incorporation (A) to modify the substance or timing of the Company’s obligation to allow redemption in connection with the Company’s initial business combination or the Company’s obligation to redeem 100%
of such Class A common stock if it does not consummate an initial business combination by                 , 2023 or (B) with respect to any other provision
relating to stockholders’ rights or pre-initial business combination activity, and the holder(s) of this certificate elects to have the shares of Class A common stock held by him, her or it redeemed
pursuant to that offer, or (iii) if the holder(s) seek(s) to redeem for cash his, her or its respective shares of Class A common stock in connection with a tender offer (or proxy solicitation, solely in the event the Company seeks
stockholder approval of the proposed initial business combination) setting forth the details of a proposed initial business combination. In no other circumstances shall the holder(s) have any right or interest of any kind in or to the trust account.

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