Exhibit 10.1

    

     

      

    
      THIS PROMISSORY NOTE (“NOTE”) HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
        ACT”). THIS NOTE HAS BEEN ACQUIRED FOR INVESTMENT ONLY AND MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF REGISTRATION OF THE RESALE THEREOF UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL
        REASONABLY SATISFACTORY IN FORM, SCOPE AND SUBSTANCE TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.

       

      PROMISSORY NOTE

       

        

      	
              Principal Amount: $700,000

            	
              Dated as of September 20, 2021

            


       

      
        
          Highland Transcend Partners I Corp., a
            Cayman Islands exempted company and blank check company (the “Maker”), promises to pay to the order of Highland Transcend Partners I, LLC, or its registered
            assigns or successors in interest (the “Payee”), or
            order, the aggregate principal sum of seven hundred thousand dollars ($700,000) in lawful money of the United States of America, on the terms and conditions described below. All payments on this Note shall be made by check or wire transfer of
            immediately available funds or as otherwise determined by the Maker to such account as the Payee may from time to time designate by written notice in accordance with the provisions of this Note.

           

          1. Principal. The principal
            balance of this Note shall be payable by the Maker on the earlier of: (i) December
              7, 2022 and (ii) the date on which Maker consummates its business combination (such earlier date, the “Maturity Date”) as
              described in greater detail in the registration statement and prospectus of the Maker’s initial public offering (the “IPO”). The principal balance may be prepaid at any time.

           

          2. Interest. The outstanding principal amount hereof shall bear interest from the date hereof
              until paid in full at 0.17% compounded annually, which is equal to the short-term applicable federal rate on the date hereof. All accrued but unpaid interest shall be paid in full on the Maturity Date.

           

          3. Application of Payments. All
            payments shall be applied first to payment in full of any costs incurred in the collection of any sum due under this Note, including (without limitation) reasonable attorney’s fees, then to the payment in full of any late charges, then to the payment in full of any accrued but unpaid interest and finally to the reduction of the unpaid principal balance of this Note.

           

          4. [Reserved]

           

          5. [Reserved]

           

          6. Events of Default. The
            following shall constitute an event of default (“Event of Default”):

           

          (a) Failure to Make Required Payments.
            Failure by Maker to pay the principal amount due pursuant to this Note within five (5) business days of the date specified above.

           

          (b) Voluntary Bankruptcy, Etc. The
            commencement by Maker of a voluntary case under any applicable bankruptcy, insolvency, reorganization, rehabilitation or other similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator, assignee,
            trustee, custodian, sequestrator (or other similar official) of Maker or for any substantial part of its property, or the making by it of any assignment for the benefit of creditors, or the failure of Maker generally to pay its debts as such
            debts become due, or the taking of corporate action by Maker in furtherance of any of the foregoing.

           

          (c) Involuntary Bankruptcy, Etc.
              The entry of a decree or order for relief by a court having jurisdiction in the premises in respect of Maker in an involuntary case under any applicable bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator,
              assignee, custodian, trustee, sequestrator (or similar official) of Maker or for any substantial part of its property, or ordering the winding-up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in
              effect for a period of 60 consecutive days.

              

          

          7. Remedies.

           

          (a) Upon the occurrence of an Event of Default specified in Section 6(a)
            hereof, the Payee may, by written notice to Maker, declare this Note to be due immediately and payable, whereupon the unpaid principal amount of this Note, and all other amounts payable hereunder, shall become immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived, anything contained herein or in the documents
            evidencing the same to the contrary notwithstanding.

        

      

       

        

      
        
          


      

      
        (b) Upon the occurrence of an Event of Default specified in Sections 6(b)
          and 6(c), the unpaid principal balance of this Note, and all other sums payable with regard to this Note, shall automatically and immediately become due and
          payable, in all cases without any action on the part of the Payee.

         

        8. Waivers. Maker and all
          endorsers and guarantors of, and sureties for, this Note waive presentment for payment, demand, notice of dishonor, protest, and notice of protest with regard to the Note, all errors, defects and imperfections in any proceedings instituted by the
          Payee under the terms of this Note, and all benefits that might accrue to Maker by virtue of any present or future laws exempting any property, real or personal, or any part of the proceeds arising from any sale of any such property, from
          attachment, levy or sale under execution, or providing for any stay of execution, exemption from civil process, or extension of time for payment; and Maker agrees that any real estate that may be levied upon pursuant to a judgment obtained by
          virtue hereof, or any writ of execution issued hereon, may be sold upon any such writ in whole or in part in any order desired by the Payee.

         

        9. Unconditional Liability. Maker
          hereby waives all notices in connection with the delivery, acceptance, performance, default, or enforcement of the payment of this Note, and agrees that its liability shall be unconditional, without regard to the liability of any other party, and
          shall not be affected in any manner by any indulgence, extension of time, renewal, waiver or modification granted or consented to by the Payee, and consents to any and all extensions of time, renewals, waivers, or modifications that may be
          granted by the Payee with respect to the payment or other provisions of this Note, and agrees that additional makers, endorsers, guarantors, or sureties may become parties hereto without notice to Maker or affecting Maker’s liability hereunder.

         

        10. Notices. All notices,
          statements or other documents which are required or contemplated by this Note shall be: (i) in writing and delivered personally or sent by first class registered
          or certified mail, overnight courier service or facsimile or electronic transmission to the address designated in writing, (ii) by facsimile to the number most recently provided to such party or such other address or fax number as may be
          designated in writing by such party or (iii) by electronic mail, to the electronic mail address most recently provided to such party or such other electronic
          mail address as may be designated in writing by such party. Any notice or other communication so transmitted shall be deemed to have been given on the day of delivery, if delivered personally, on the business day following receipt of written
          confirmation, if sent by facsimile or electronic transmission, one (1) business day after delivery to an overnight courier service or five (5) days after mailing if sent by mail.

         

        11. Construction. THIS NOTE SHALL
          BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF NEW YORK, WITHOUT REGARD TO CONFLICT OF LAW PROVISIONS THEREOF.

         

        12. Severability. Any
            provision contained in this Note which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof,
            and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

            

        

        13. Trust Waiver. Notwithstanding
          anything herein to the contrary, the Payee hereby waives any and all right, title, interest or claim of any kind (“Claim”) in or to any distribution of or from the trust account established by the Maker in
          which the proceeds of the IPO conducted
          by the Maker (including the deferred underwriting discounts and commissions) and the proceeds of the sale of the warrants issued in a private placement prior to the closing
          of the IPO were deposited, as described in greater detail in the registration statement and prospectus filed with the Securities and Exchange Commission in connection with the IPO, and hereby agrees not to seek recourse, reimbursement, payment or
          satisfaction for any Claim against the trust account for any reason whatsoever.

         

        14. Amendment; Waiver. Any
          amendment hereto or waiver of any provision hereof may be made with, and only with, the written consent of the Maker and the Payee.

         

        15. Assignment. No assignment or
          transfer of this Note or any rights or obligations hereunder may be made by any party hereto (by operation of law or otherwise) without the prior written consent of the other party hereto and any attempted assignment without the required consent
          shall be void.

      

      

      [Signature page follows]

       

      

      
        
          


      

      IN WITNESS WHEREOF, Maker, intending to be legally
          bound hereby, has caused this Note to be duly executed by the undersigned as of the day and year first above written.

       

        

      	 	
              HIGHLAND TRANSCEND PARTNERS I CORP.

            
	 	 
	 	
              By:

            	
              
                /s/ Ian Friedman

              

            
	 	 	
              Name:

            	
              Ian Friedman

            
	 	 	
              Title:

            	
              CEO

            


       

      [Signature Page to Promissory Note]