On May 13, 2022, PLAYSTUDIOS, Inc., PLAYSTUDIOS US, LLC, a subsidiary of the Company (the “Borrower”), JPMorgan Chase Bank, N.A., as administrative agent and JPMorgan Chase Bank, N.A., Silicon Valley Bank and Wells Fargo Securities, LLC, as lenders, entered into the Amendment No. 1 to the Credit Agreement (the “Amendment No. 1”), which amended the Credit Agreement dated as of June 24, 2021 by and among such parties (the “Credit Agreement”) to, among other things, exclude from the definition of Fixed Charge Coverage Ratio certain funds, up to $15,000,000, expended or to be expended by the Company in connection with the purchase of its public warrants and private placement warrants in an offer to purchase and consent solicitation that commenced on April 1, 2022 and expired at midnight, Eastern Time, at the end of the day on May 13, 2022 (the “Offer”), or otherwise.

As previously disclosed, the Borrower is obligated to comply with the following two financial maintenance covenants as of the end of each fiscal quarter: (i) the Total Net Leverage Ratio (as defined in the Credit Agreement) must not exceed 3.50:1.00 (subject to increase to 4.00:1.00 following consummation of certain material acquisitions); and (ii) the Fixed Charge Coverage Ratio (as defined in the Credit Agreement and as amended by Amendment No. 1) must not be less than 1.25:1.00. The foregoing description of the Amendment No.

1 does not purport to be complete and is qualified in its entirety by the terms and conditions of the Amendment No. 1, which is included as Exhibit 10.3 and is incorporated herein by reference.