SEC Contract Filing

Filing Date: 2021-02-02

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>4
<FILENAME>tm214830d1_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
<HTML>
<HEAD>
 <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0pt"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Exhibit 10.2</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SPONSOR AGREEMENT</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">This Agreement (this
 &ldquo;<U>Agreement</U>&rdquo;), dated as of February 1, 2021, is entered into by and among Acies Acquisition LLC, a Delaware limited
liability company (the &ldquo;<U>Sponsor</U>&rdquo;), Acies Acquisition Corp., a Cayman Islands exempted company (which shall domesticate
as a Delaware corporation prior to the Closing) (&ldquo;<U>Acies</U>&rdquo;) and PlayStudios, Inc. (the &ldquo;<U>Company</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">RECITALS</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><B>WHEREAS</B>, concurrently
herewith, Acies, the Company, Catalyst Merger Sub I, Inc. (&ldquo;<U>First Merger Sub</U>&rdquo;) and Catalyst Merger Sub II, LLC
(&ldquo;<U>Second Merger Sub</U>&rdquo;) are entering into an Agreement and Plan of Merger (as amended, supplemented, restated
or otherwise modified from time to time, the &ldquo;<U>Merger Agreement</U>&rdquo;&#894; 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 &ldquo;<U>First Merger</U>&rdquo;), 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 &ldquo;<U>Second Merger</U>&rdquo;
and, together with the First Merger, the &ldquo;<U>Mergers</U>&rdquo;)&#894;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><B>WHEREAS</B>, 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 &ldquo;<U>Covered Shares</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><B>WHEREAS</B>, 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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">AGREEMENT</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in"><B>NOW, THEREFORE</B>,
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:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.5in">1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Agreement to Vote</U>. Subject to the earlier termination of this Agreement in accordance with <U>Section 22</U>, 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&rsquo;s Covered Shares to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roma