Document:

EX-10.5

 Exhibit 10.5 

Execution Version 

INVESTMENT MANAGEMENT TRUST AGREEMENT 

This Investment Management Trust Agreement (this “Agreement”) is made effective as of October 1, 2021 by and between MELI Kaszek
Pioneer Corp, a Cayman Islands exempted company with limited liability (the “Company”), and Continental Stock Transfer & Trust Company, a New York corporation (the “Trustee”). 

WHEREAS, the Company’s registration statement on Form S-1, File
No. 333-259473 (the “Registration Statement”) and prospectus (the “Prospectus”) for the initial public offering of the Company’s Class A
ordinary shares, par value $0.0001 per share (the “Ordinary Shares”), (such initial public offering hereinafter referred to as the “Offering”), has been declared effective as of
the date hereof by the U.S. Securities and Exchange Commission; 
 WHEREAS, the Company has entered into an Underwriting Agreement (the
“Underwriting Agreement”) with BofA Securities, Inc., as representative (the “Representative”) of the several underwriters (the “Underwriters”) named therein; 

WHEREAS, as described in the Registration Statement, $250,000,000 of the gross proceeds of the Offering and sale of the Private Placement Shares (as defined
in the Underwriting Agreement) (or $287,500,000 if the Underwriters’ over-allotment option is exercised in full) will be delivered to the Trustee to be deposited and held in a segregated trust account located at all times in the United States
(the “Trust Account”) for the benefit of the Company and the holders of the Ordinary Shares issued in the Offering as hereinafter provided (the amount to be delivered to the Trustee (and any interest subsequently earned
thereon) is referred to herein as the “Property,” the shareholders for whose benefit the Trustee shall hold the Property will be referred to as the “Public Shareholders,” and the Public Shareholders
and the Company will be referred to together as the “Beneficiaries”); 
 WHEREAS, pursuant to the Underwriting Agreement, a portion
of the Property equal to $8,750,000, or $10,062,500 if the Underwriters’ over-allotment option is exercised in full, is attributable to deferred underwriting discounts and commissions that may be payable by the Company to the Underwriters upon
and concurrently with the consummation of the Business Combination (as defined below) (the “Deferred Discount”); and 
 WHEREAS, the
Company and the Trustee desire to enter into this Agreement to set forth the terms and conditions pursuant to which the Trustee shall hold the Property. 

NOW THEREFORE, IT IS AGREED: 
 1. Agreements and Covenants of
Trustee. The Trustee hereby agrees and covenants to: 
  

	 	(a)	 Hold the Property in trust for the Beneficiaries in accordance with the terms of this Agreement in the Trust
Account established by the Trustee in the United States at J.P. Morgan Chase Bank, N.A. (or at another U.S. chartered commercial bank with consolidated assets of $100 billion or more) and at a brokerage institution selected by the Trustee that
is reasonably satisfactory to the Company; 

  

	 	(b)	 Manage, supervise and administer the Trust Account subject to the terms and conditions set forth herein;

  

	 	(c)	 In a timely manner, upon the written instruction of the Company, invest and reinvest the Property solely in
United States government securities within the meaning of Section 2(a)(16) of the Investment Company Act of 1940, as amended, having a maturity of 185 days or less, or in money market funds meeting the conditions of paragraphs (d)(1), (d)(2),
(d)(3) and (d)(4) of Rule 2a-7 promulgated under the Investment Company Act of 1940, as amended (or any successor rule), which invest only in direct U.S. government treasury obligations, as determined by the
Company; the Trustee may not invest in any other securities or assets, it being understood that the Trust Account will earn no interest while account funds are uninvested awaiting the Company’s instructions hereunder; while account funds are
invested or uninvested, the Trustee may earn bank credits or other consideration; 

	 	(d)	 Collect and receive, when due, all principal, interest or other income arising from the Property, which shall
become part of the “Property,” as such term is used herein; 

  

	 	(e)	 Promptly notify the Company and the Representative of all communications received by the Trustee with respect
to any Property requiring action by the Company; 

  

	 	(f)	 Supply any necessary information or documents as may be requested by the Company (or its authorized agents) in
connection with the Company’s preparation of the tax returns relating to assets held in the Trust Account; 

  

	 	(g)	 Participate in any plan or proceeding for protecting or enforcing any right or interest arising from the
Property if, as and when instructed by the Company to do so; 

  

	 	(h)	 Render to the Company monthly written statements of the activities of, and amounts in, the Trust Account
reflecting all receipts and disbursements of the Trust Account; 

  

	 	(i)	 Commence liquidation of the Trust Account only after and promptly after (x) receipt of, and only in
accordance with, the terms of a letter from the Company (the “Termination Letter”) in a form substantially similar to that attached hereto as either Exhibit A or Exhibit B, as applicable, signed on behalf of the
Company by either one or both of its Co-Chief Executive Officers or other authorized officer of the Company, and, in the case of Exhibit A, acknowledged and agreed to by the Representative, and complete
the liquidation of the Trust Account and distribute the Property in the Trust Account, including interest earned on the funds held in the Trust Account and not previously released to the Company to pay its taxes (less up to $100,000 of interest to
pay dissolution expenses), only as directed in the Termination Letter and the other documents referred to therein, or (y) upon the date which is, the later of (1) 24 months after the closing of the Offering and (2) such later date as may
be approved by the Company’s shareholders in accordance with the Company’s amended and restated memorandum and articles of association if a Termination Letter has not been received by the Trustee prior to such date, in which case the Trust
Account shall be liquidated in accordance with the procedures set forth in the Termination Letter attached as Exhibit B and the Property in the Trust Account, including interest earned on the funds held in the Trust Account and not previously
released to the Company to pay its taxes (less up to $100,000 of interest to pay dissolution expenses), shall be distributed to the Public Shareholders of record as of such date. It is acknowledged and agreed that there should be no reduction in the
principal amount per share initially deposited in the Trust Account; 

  

	 	(j)	 Upon written request from the Company, which may be given from time to time in a form substantially similar to
that attached hereto as Exhibit C (a “Tax Payment Withdrawal Instruction”), withdraw from the Trust Account and distribute to the Company the amount of interest earned on the Property requested by the Company to cover
any tax obligation owed by the Company as a result of assets of the Company or interest or other income earned on the Property, which amount shall be delivered directly to the Company by electronic funds transfer or other method of prompt payment,
and the Company shall forward such payment to the relevant taxing authority, so long as there is no reduction in the principal amount per share initially deposited in the Trust Account; provided, however, that to the extent there is
not sufficient cash in the Trust Account to pay such tax obligation, the Trustee shall liquidate such assets held in the Trust Account as shall be designated by the Company in writing to make such distribution (it being acknowledged and agreed that
any such amount in excess of interest income earned on the Property shall not be payable from the Trust Account). The written request of the Company referenced above shall constitute presumptive evidence that the Company is entitled to said funds,
and the Trustee shall have no responsibility to look beyond said request; 

  

	 	(k)	 Upon written request from the Company, which may be given from time to time in a form substantially similar to
that attached hereto as Exhibit D (a “Shareholder Redemption Withdrawal Instruction”), the Trustee shall distribute to the remitting brokers on behalf of Public Shareholders redeeming Ordinary Shares the amount
required to pay redeemed Ordinary Shares from Public Shareholders pursuant to the Company’s amended and restated memorandum and articles of association; and 

	 	(l)	 Not make any withdrawals or distributions from the Trust Account other than pursuant to
Section 1(i), (j) or (k) above. 

 2. Agreements and Covenants of the Company. The
Company hereby agrees and covenants to: 
  

	 	(a)	 Give all instructions to the Trustee hereunder in writing, signed by either one or both of the Company’s Co-Chief Executive Officers or other authorized officer of the Company. In addition, except with respect to its duties under Sections 1(i), 1(j) and 1(k) hereof, the Trustee shall be entitled to
rely on, and shall be protected in relying on, any verbal or telephonic advice or instruction which it, in good faith and with reasonable care, believes to be given by any one of the persons authorized above to give written instructions, provided
that the Company shall promptly confirm such instructions in writing; 

  

	 	(b)	 Subject to Section 4 hereof, hold the Trustee harmless and indemnify the Trustee from
and against any and all expenses, including reasonable counsel fees and disbursements, or losses suffered by the Trustee in connection with any action taken by it hereunder and in connection with any action, suit or other proceeding brought against
the Trustee involving any claim, or in connection with any claim or demand, which in any way arises out of or relates to this Agreement, the services of the Trustee hereunder, or the Property or any interest earned on the Property, except for
expenses and losses resulting from the Trustee’s gross negligence, fraud or willful misconduct. Promptly after the receipt by the Trustee of notice of demand or claim or the commencement of any action, suit or proceeding, pursuant to which the
Trustee intends to seek indemnification under this Section 2(b), it shall notify the Company in writing of such claim (hereinafter referred to as the “Indemnified Claim”). The Trustee shall
have the right to conduct and manage the defense against such Indemnified Claim; provided that the Trustee shall obtain the consent of the Company with respect to the selection of counsel, which consent shall not be unreasonably withheld. The
Trustee may not agree to settle any Indemnified Claim without the prior written consent of the Company, which such consent shall not be unreasonably withheld. The Company may participate in such action with its own counsel; 

 

	 	(c)	 Pay the Trustee the fees set forth on Schedule A hereto, including an initial acceptance fee, annual
administration fee, and transaction processing fee which fees shall be subject to modification by the parties from time to time. It is expressly understood that the Property shall not be used to pay such fees unless and until it is distributed to
the Company pursuant to Sections 1(i) through 1(j) hereof. The Company shall pay the Trustee the initial acceptance fee and the first annual administration fee at the consummation of the Offering. The Company shall not be responsible
for any other fees or charges of the Trustee except as set forth in this Section 2(c), Schedule A and as may be provided in Section 2(b) hereof; 

 

	 	(d)	 In connection with any vote of the Company’s shareholders regarding a merger, share exchange, asset
acquisition, share purchase, reorganization or similar business combination involving the Company and one or more businesses (the “Business Combination”), provide to the Trustee an affidavit or certificate of the inspector of
elections for the shareholder meeting verifying the vote of such shareholders regarding such Business Combination; 

  

	 	(e)	 Provide the Representative with a copy of any Termination Letter(s) and/or any other correspondence that is
sent to the Trustee with respect to any proposed withdrawal from the Trust Account promptly after it issues the same; 

  

	 	(f)	 Unless otherwise agreed between the Company and the Representative, ensure that any Instruction Letter (as
defined in Exhibit A) delivered in connection with a Termination Letter in the form of Exhibit A expressly provides that the Deferred Discount is paid directly to the account or accounts directed by the Representative on behalf of the
Underwriters prior to any transfer of the funds held in the Trust Account to the Company or any other person; 

  

	 	(g)	 Instruct the Trustee to make only those distributions that are permitted under this Agreement, and refrain from
instructing the Trustee to make any distributions that are not permitted under this Agreement; and 

	 	(h)	 Within four (4) business days after the Underwriters exercise the over-allotment option (or any
unexercised portion thereof) or such over-allotment option expires, provide the Trustee with a notice in writing of the total amount of the Deferred Discount. 

3. Limitations of Liability. The Trustee shall have no responsibility or liability to: 

 

	 	(a)	 Imply obligations, perform duties, inquire or otherwise be subject to the provisions of any agreement or
document other than this Agreement and that which is expressly set forth herein; 

  

	 	(b)	 Take any action with respect to the Property, other than as directed in Section 1
hereof, and the Trustee shall have no liability to any third party except for liability arising out of the Trustee’s gross negligence, fraud or willful misconduct; 

 

	 	(c)	 Institute any proceeding for the collection of any principal and income arising from, or institute, appear in
or defend any proceeding of any kind with respect to, any of the Property unless and until it shall have received written instructions from the Company given as provided herein to do so and the Company shall have advanced or guaranteed to it funds
sufficient to pay any expenses incident thereto; 

  

	 	(d)	 Change the investment of any Property, other than in compliance with Section 1
hereof; 

  

	 	(e)	 Refund any depreciation in principal of any Property; 

 

	 	(f)	 Assume that the authority of any person designated by the Company to give instructions hereunder shall not be
continuing unless provided otherwise in such designation, or unless the Company shall have delivered a written revocation of such authority to the Trustee; 

  

	 	(g)	 The other parties hereto or to anyone else for any action taken or omitted by it, or any action suffered by it
to be taken or omitted, in good faith and in the Trustee’s best judgment, except for the Trustee’s gross negligence, fraud or willful misconduct. The Trustee may rely conclusively and shall be protected in acting upon any order, notice,
demand, certificate, opinion or advice of counsel (including counsel chosen by the Trustee, which counsel may be the Company’s counsel), statement, instrument, report or other paper or document (not only as to its due execution and the validity
and effectiveness of its provisions, but also as to the truth and acceptability of any information therein contained) which the Trustee believes, in good faith and with reasonable care, to be genuine and to be signed or presented by the proper
person or persons. The Trustee shall not be bound by any notice or demand, or any waiver, modification, termination or rescission of this Agreement or any of the terms hereof, unless evidenced by a written instrument delivered to the Trustee, signed
by the proper party or parties and, if the duties or rights of the Trustee are affected, unless it shall give its prior written consent thereto; 

  

	 	(h)	 Verify the accuracy of the information contained in the Registration Statement; 

 

	 	(i)	 Provide any assurance that any Business Combination entered into by the Company or any other action taken by
the Company is as contemplated by the Registration Statement; 

  

	 	(j)	 File information returns with respect to the Trust Account with any local, state or federal taxing authority or
provide periodic written statements to the Company documenting the taxes payable by the Company, if any, relating to any interest income earned on the Property; 

 

	 	(k)	 Prepare, execute and file tax reports, income or other tax returns and pay any taxes with respect to any income
generated by, and activities relating to, the Trust Account, regardless of whether such tax is payable by the Trust Account or the Company, including, but not limited to, income tax obligations, except pursuant to
Section 1(j) hereof; or 

  

	 	(l)	 Verify calculations, qualify or otherwise approve the Company’s written requests for distributions
pursuant to Sections 1(i), 1(j) or 1(k) hereof. 

 4. Trust Account Waiver. The Trustee has no right of set-off
or any right, title, interest or claim of any kind (“Claim”) to, or to any monies in, the Trust Account, and hereby irrevocably waives any Claim to, or to any monies in, the Trust Account that it may have now or in the
future. In the event the Trustee has any Claim against the Company under this Agreement, including, without limitation, under Section 2(b) or Section 2(c) hereof, the Trustee shall pursue such
Claim solely against the Company and its assets outside the Trust Account and not against the Property or any monies in the Trust Account. 
 5.
Termination. This Agreement shall terminate as follows: 
  

	 	(a)	 If the Trustee gives written notice to the Company that it desires to resign under this Agreement, the Company
shall use its reasonable efforts to locate a successor trustee, pending which the Trustee shall continue to act in accordance with this Agreement. At such time that the Company notifies the Trustee that a successor trustee has been appointed by the
Company and has agreed to become subject to the terms of this Agreement, the Trustee shall transfer the management of the Trust Account to the successor trustee, including but not limited to the transfer of copies of the reports and statements
relating to the Trust Account, whereupon this Agreement shall terminate; provided, however, that in the event that the Company does not locate a successor trustee within ninety (90) days of receipt of the resignation notice from
the Trustee, the Trustee may submit an application to have the Property deposited with any court in the State of New York or with the United States District Court for the Southern District of New York and upon such deposit, the Trustee shall be
immune from any liability whatsoever; or 

  

	 	(b)	 At such time that the Trustee has completed the liquidation of the Trust Account and its obligations in
accordance with the provisions of Section 1(i) hereof and distributed the Property in accordance with the provisions of the Termination Letter, this Agreement shall terminate except with respect to
Section 2(b). 

 6. Miscellaneous. 

 

	 	(a)	 The Company and the Trustee each acknowledge that the Trustee will follow the security procedures set forth
below with respect to funds transferred from the Trust Account. The Company and the Trustee will each restrict access to confidential information relating to such security procedures to authorized persons. Each party must notify the other party
immediately if it has reason to believe unauthorized persons may have obtained access to such confidential information, or of any change in its authorized personnel. In executing funds transfers, the Trustee shall rely upon all information supplied
to it by the Company, including, account names, account numbers, and all other identifying information relating to a Beneficiary, Beneficiary’s bank or intermediary bank. Except for any liability arising out of the Trustee’s gross
negligence, fraud or willful misconduct, the Trustee shall not be liable for any loss, liability or expense resulting from any error in the information or transmission of the funds. 

 

	 	(b)	 This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New
York, without giving effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction. This Agreement may be executed in several original or facsimile counterparts, each one of which shall
constitute an original, and together shall constitute but one instrument. 

  

	 	(c)	 This Agreement contains the entire agreement and understanding of the parties hereto with respect to the
subject matter hereof. Subject to Section 6(d) hereof, this Agreement or any provision hereof may only be changed, amended or modified (other than to correct a typographical error) by a writing signed by each of the parties
hereto. 

  

	 	(d)	 This Agreement or any provision hereof may only be changed, amended or modified pursuant to
Section 6(c) hereof with the Consent of the Shareholders. For purposes of this Section 6(d), the “Consent of the Shareholders” means receipt by the Trustee of a certificate from the
inspector of elections of the shareholder meeting certifying that the Company’s shareholders of record as of a record date, who hold sixty-five percent (65%) or more of all then outstanding shares of the Ordinary Shares, Class B ordinary
shares, par value $0.0001 per share, and Class L ordinary shares, par value $0.0001 per share, of the Company voting together as a single class, have voted in favor of such change, amendment or modification. 

 No such amendment will affect any Public Shareholder who has otherwise indicated his
election to redeem his shares of Ordinary Shares in connection with a shareholder vote sought to amend this Agreement to modify the substance or timing of the Company’s obligation to redeem 100% of the Ordinary Shares if the Company does not
complete its initial Business Combination within the time frame specified in the Company’s amended and restated memorandum and articles of association. Except for any liability arising out of the Trustee’s gross negligence, fraud or
willful misconduct, the Trustee may rely conclusively on the certification from the inspector or elections referenced above and shall be relieved of all liability to any party for executing the proposed amendment in reliance thereon. 

 

	 	(e)	 The parties hereto consent to the jurisdiction and venue of any state or federal court located in the City of
New York, State of New York, for purposes of resolving any disputes hereunder. AS TO ANY CLAIM, CROSS-CLAIM OR COUNTERCLAIM IN ANY WAY RELATING TO THIS AGREEMENT, EACH PARTY WAIVES THE RIGHT TO TRIAL BY JURY. 

 

	 	(f)	 Any notice, consent or request to be given in connection with any of the terms or provisions of this Agreement
shall be in writing and shall be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery or by electronic mail: 

if to the Trustee, to: 

Continental Stock Transfer & Trust Company 

1 State Street, 30th Floor 
 New
York, New York 10004 
 Attn: Francis Wolf & Celeste Gonzalez 

Email: fwolf@continentalstock.com 

Email: cgonzalez@continentalstock.com 

if to the Company, to: 
 MELI
Kaszek Pioneer Corp 
 78 SW 7th Street, Individual Office No. 06-117 

Miami, FL 33130 
 Attn: Hernan
Kazah 
 Email: hernan@melikaszek.com 

in each case, with copies to: 

Cleary Gottlieb Steen & Hamilton LLP 

One Liberty Plaza 
 New York, NY
10006 
 Attn: Nicolas Grabar & Adam J. Brenneman 

Email: ngrabar@cgsh.com 
 Email:
abrenneman@cgsh.com 
 and 

BofA Securities, Inc. 
 One Bryant
Park 
 New York, New York 10036 

Attn: Tymour Okasha 
 Email:
tymour.okasha@bofa.com 
 and 

Davis Polk & Wardwell LLP 

450 Lexington Avenue 
 New York,
NY 10017 
 Attn.: Maurice Blanco, Pedro Bermeo & Katia Brener 

Email: maurice.blanco@davispolk.com 

Email: pedro.bermeo@davispolk.com 

Email: katia.brener@davispolk.com 

 Each of the Company and the Trustee hereby represents that it has the full right and power
and has been duly authorized to enter into this Agreement and to perform its respective obligations as contemplated hereunder. The Trustee acknowledges and agrees that it shall not make any claims or proceed against the Trust Account, including by
way of set-off, and shall not be entitled to any funds in the Trust Account under any circumstance. 
  

	 	(g)	 This Agreement is the joint product of the Trustee and the Company and each provision hereof has been subject
to the mutual consultation, negotiation and agreement of such parties and shall not be construed for or against any party hereto. 

  

	 	(h)	 This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original,
but all such counterparts shall together constitute one and the same instrument. Delivery of a signed counterpart of this Agreement by facsimile or electronic transmission shall constitute valid and sufficient delivery thereof.

  

	 	(i)	 Each of the Company and the Trustee hereby acknowledges and agrees that the Representative on behalf of the
Underwriters are third-party beneficiaries of this Agreement. 

  

	 	(j)	 Except as specified herein, no party to this Agreement may assign its rights or delegate its obligations
hereunder to any other person or entity. 

 [Signature Page Follows] 

 IN WITNESS WHEREOF, the parties have duly executed this Investment Management Trust
Agreement as of the date first written above. 
  

			
	CONTINENTAL STOCK TRANSFER &
	TRUST COMPANY, as Trustee
		
	By:	 	 /s/ Francis Wolf

		 	Name: Francis Wolf
		 	Title: Vice-President
	
	MELI KASZEK PIONEER CORP
		
	By:	 	 /s/ Hernan Kazah

		 	Name: Hernan Kazah
		 	Title: Co-Chief Executive Officer

 [Signature Page to Investment Management Trust Agreement] 

 SCHEDULE A 
  

							
	 Fee Item
	  	 Time and method of payment
	  	Amount	 
	 Initial set-up fee.
	  	Initial closing of Offering by wire transfer.	  	$	3,500.00	 
	 Trustee administration fee
	  	Payable annually. First year fee payable, at initial closing of Offering by wire transfer, thereafter by wire transfer or check.	  	$	10,000.00	 
	 Transaction processing fee for disbursements to Company under Sections 1 and 2
	  	Billed to Company following disbursement made to Company under Sections 1 and 2	  	$	250.00	 
	 Paying Agent services as required pursuant to Sections 1(i) and 1(k)
	  	Billed to Company upon delivery of service pursuant to Sections 1(i) and 1(k)	  	 	Prevailing rates	 

 EXHIBIT A 

[Letterhead of Company] 

[Insert date] 
 Continental Stock
Transfer & Trust Company 
 1 State Street, 30th Floor 

New York, New York 10004 
 Attn: Francis Wolf & Celeste
Gonzalez 
 Re: Trust Account – Termination Letter 

Dear Mr. Wolf and Ms. Gonzalez: 
 Pursuant to
Section 1(i) of the Investment Management Trust Agreement between MELI Kaszek Pioneer Corp (the “Company”) and Continental Stock Transfer & Trust Company
(“Trustee”), dated as of         , 2021 (the “Trust Agreement”), this is to advise you that the Company has entered into an agreement with (the
“Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least seventy-
two (72) hours in advance of the actual date (or such shorter time period as you may agree) of the consummation of the Business Combination (the “Consummation Date”). Capitalized terms used but not defined herein
shall have the meanings set forth in the Trust Agreement. 
 In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to
liquidate all of the assets of the Trust Account and to transfer the proceeds to a segregated account held by you on behalf of the Beneficiaries to the effect that, on the Consummation Date, all of the funds held in the Trust Operating Account at
J.P. Morgan Chase Bank, N.A. will be immediately available for transfer to the account or accounts that the Company shall direct on the Consummation Date (including as directed to it by the Representative on behalf of the Underwriters (with respect
to the Deferred Discount)). 
 On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business
Combination has been consummated, or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”), and (ii) the Company shall deliver to you
(a) a certificate of either one or both of the Co-Chief Executive Officers, the Chief Financial Officer or other authorized officer of the Company, which verifies that the Business Combination has been
approved by a vote of the Company’s shareholders, if a vote is held and (b) a joint written instruction signed by the Company and the Representative with respect to the transfer of the funds held in the Trust Account, including payment of
amounts owed to public shareholders who have properly exercised their redemption rights and payment of the Deferred Discount directly to the account or accounts directed by the Representative from the Trust Account (the “Instruction
Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the Notification and the Instruction Letter, in accordance with the terms of the Instruction
Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should
remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account, your
obligations under the Trust Agreement shall be terminated. 
 In the event that the Business Combination is not consummated on the Consummation Date
described in the notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall
be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following the Consummation Date as set forth in such notice as soon thereafter as possible. 

[Signature Page Follows] 

 
			
	 Very truly yours,

	
	 MELI Kaszek Pioneer Corp

	By:	 	          

		 	Name:
		 	Title:

  

			
	Agreed and acknowledged by:
	
	BofA Securities, Inc.
		
	By:	 	  

		 	Name:
		 	Title:

 EXHIBIT B 

[Letterhead of Company] 

[Insert date] 
 Continental Stock
Transfer & Trust Company 
 1 State Street, 30th Floor 

New York, New York 10004 
 Attn: Francis Wolf & Celeste
Gonzalez 
 Re: Trust Account Termination Letter 
 Dear
Mr. Wolf and Ms. Gonzalez: 
 Pursuant to Section 1(i) of the Investment Management Trust Agreement between MELI Kaszek
Pioneer Corp (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of         , 2021 (the “Trust
Agreement”), this is to advise you that the Company has been unable to effect a business combination with a Target Business (the “Business Combination”) within the time frame specified in the Company’s
Amended and Restated Memorandum and Article of Association, as described in the Company’s Prospectus relating to the Offering. Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. 

In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate all of the assets in the Trust Operating Account and to transfer the
total proceeds into a segregated account held by you on behalf of the Beneficiaries to await distribution to the Public Shareholders. The Company has selected [insert date]1 as the
effective date for the purpose of determining when the Public Shareholders will be entitled to receive their share of the liquidation proceeds. You agree to be the Paying Agent of record and, in your separate capacity as Paying Agent, agree to
distribute said funds directly to the Company’s Public Shareholders in accordance with the terms of the Trust Agreement and the Amended and Restated Memorandum and Article of Association of the Company. Upon the distribution of all the funds,
net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account, your obligations under the Trust Agreement shall be terminated, except to the extent otherwise provided in
Section 1(i) of the Trust Agreement. 
  

			
	Very truly yours,
	
	MELI Kaszek Pioneer Corp
		
	By:	 	  

		 	Name:
		 	Title:

 cc: BofA Securities, Inc. 

 

	1 	 24 months from the closing of the Offering or such later date as may be approved by the Company’s
shareholders in accordance with the Company’s amended and restated memorandum and articles of association. 

 EXHIBIT C 

[Letterhead of Company] 

[Insert date] 
 Continental Stock
Transfer & Trust Company 
 1 State Street, 30th Floor 

New York, New York 10004 
 Attn: Francis Wolf & Celeste
Gonzalez 
 Re: Trust Account Tax Payment Withdrawal Instruction 

Dear Mr. Wolf and Ms. Gonzalez: 
 Pursuant to
Section 1(j) of the Investment Management Trust Agreement between MELI Kaszek Pioneer Corp (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as
of         , 2021 (the “Trust Agreement”), the Company hereby requests that you deliver to the Company $         of the interest income earned on
the Property as of the date hereof. Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement. 
 The Company
needs such funds to pay for the tax obligations as set forth on the attached tax return or tax statement. In accordance with the terms of the Trust Agreement, you are hereby directed and authorized to transfer (via wire transfer) such funds promptly
upon your receipt of this letter to the Company’s operating account at: 
 [INSERT WIRE INSTRUCTION INFORMATION] 

 

			
	Very truly yours,
	
	MELI Kaszek Pioneer Corp
		
	By:	 	  

		 	Name:
		 	Title:

 cc: BofA Securities, Inc. 

 EXHIBIT D 

[Letterhead of Company] 

[Insert date] 
 Continental Stock
Transfer & Trust Company 
 1 State Street, 30th Floor 

New York, New York 10004 
 Attn: Francis Wolf & Celeste
Gonzalez 
 Re: Trust Account – Shareholder Redemption Withdrawal Instruction 

Dear Mr. Wolf and Gonzalez: 
 Pursuant to
Section 1(k) of the Investment Management Trust Agreement between MELI Kaszek Pioneer Corp (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as
of         , 2021 (the “Trust Agreement”), the Company hereby requests that you deliver to the redeeming Public Shareholders of the Company
$         of the principal and interest income earned on the Property as of the date hereof to a segregated account held by you on behalf of the Beneficiaries. Capitalized terms used but not defined herein
shall have the meanings set forth in the Trust Agreement. 
 The Company needs such funds to pay its Public Shareholders who have properly elected to have
their Ordinary Shares redeemed by the Company in connection with a shareholder vote to approve an amendment to the Company’s amended and restated memorandum and articles of association to modify the substance or timing of the Company’s
obligation to redeem 100% of Ordinary Shares if the Company has not consummated an initial Business Combination within such time as is described in the Company’s amended and restated memorandum and article of association or with respect to any
other material provisions relating to shareholders’ rights or pre-initial Business Combination activity. As such, you are hereby directed and authorized to transfer (via wire transfer) such funds promptly
upon your receipt of this letter to a segregated account held by you on behalf of the Beneficiaries. 
  

			
	Very truly yours,
	
	MELI Kaszek Pioneer Corp
		
	By:	 	          

		 	Name:
		 	Title:

 cc: BofA Securities, Inc.EX-10.6

 Exhibit 10.6 

Execution Version 

October 1, 2021 
 Re: Forward Purchase Agreement

 Ladies and Gentlemen: 
 We are pleased to accept the offer
the undersigned subscriber (the “Subscriber” or “you”) has made MELI Kaszek Pioneer Corp, a Cayman Islands exempted company (the “Company”), to purchase 5,000,000 shares of the
Company’s Class A ordinary shares, par value $0.0001 per share (the “Shares”), at a price of $10.00 per Forward Purchase Share. The Shares hereinafter may be referred to as the “Forward Purchase
Securities.” The parties acknowledge that, at the closing of the Company’s Business Combination (the “Business Combination Closing”), the Company may deliver to the Subscriber the number of Shares to
be purchased by the Subscriber pursuant hereto. The terms on which the Company is willing to sell the Forward Purchase Securities to the Subscriber, and the Company and the Subscriber’s agreements regarding such Forward Purchase Securities, are
set forth in this agreement (this “Agreement”) and are as follows: 
  

	1.	 Purchase of the Forward Purchase Securities. 

 

	 	(a)	 Subject to the terms and conditions of this Agreement, the Company agrees to sell the Forward Purchase
Securities to the Subscriber, and the Subscriber hereby agrees to purchase the Forward Purchase Securities from the Company, in a private placement at an aggregate purchase price of $10.00 per Share multiplied by the number of Shares being purchased
hereunder (“Aggregate Purchase Price”). Notwithstanding anything to the contrary herein, the amount of Shares to be purchased by the Subscriber pursuant to this Agreement may be reduced at the sole discretion of the Company
at any time prior to the consummation of the Business Combination. 

  

	2.	 Representations, Warranties and Agreements. 

 

	 	(a)	 Subscriber’s Representations, Warranties and Agreements. To induce the Company to issue the Forward
Purchase Securities to the Subscriber, the Subscriber hereby represents and warrants to the Company and agrees with the Company as follows: 

  

	 	(i)	 No Government Recommendation or Approval. The Subscriber understands that no federal or state agency has
passed upon or made any recommendation or endorsement of the offering of the Forward Purchase Securities. 

  

	 	(ii)	 No Conflicts. The execution, delivery and performance of this Agreement and the consummation by the
Subscriber of the transactions contemplated hereby do not violate, conflict with or constitute a default under (i) the formation and governing documents of the Subscriber, (ii) any agreement, indenture or instrument to which the Subscriber
is a party, (iii) any law, statute, rule or regulation to which the Subscriber is subject, or (iv) any agreement, order, judgment or decree to which the Subscriber is subject. 

 

	 	(iii)	 Organization and Authority. The Subscriber possesses all requisite power and authority necessary to
carry out the transactions contemplated by this Agreement. Upon execution and delivery by the Subscriber, this Agreement is a legal, valid and binding agreement of the Subscriber, enforceable against the Subscriber in accordance with its terms,
except as such enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance or similar laws affecting the enforcement of creditors’ rights generally and subject to general principles of equity (regardless of whether
enforcement is sought in a proceeding at law or in equity). 

  

	 	(iv)	 Experience, Financial Capability and Suitability. The Subscriber is: (i) sophisticated in financial
matters and is able to evaluate the risks and benefits of the investment in the Forward Purchase Securities and protect its own interests and (ii) able to bear the economic risk of its investment in the Forward Purchase Securities for an
indefinite period of time because the Forward Purchase Securities have not been registered under the Securities Act of 1933, as amended (“Securities Act”) and therefore cannot be sold by the Subscriber unless subsequently
registered under the Securities Act or an exemption from such registration is available. The Subscriber is able to afford a complete loss of the Subscriber’s investment in the Forward Purchase Securities. 

 

	 	(v)	 Access to Information; Independent Investigation. Prior to the execution of this Agreement, the
Subscriber has had the opportunity to ask questions of and receive answers from representatives of the Company concerning an investment in the Company, as well as the finances, operations, business and prospects of the Company, and the opportunity
to obtain additional information to verify the accuracy of all information so obtained. In determining whether to make this investment, the Subscriber has relied solely on the Subscriber’s own knowledge and understanding of the Company and its
business based upon the Subscriber’s own due diligence investigation and the information furnished pursuant to this paragraph. The Subscriber understands that no person has been authorized to give any information or to make any representations
which were not furnished pursuant to this Agreement and the Subscriber has not relied on any other representations or information in making its investment decision, whether written or oral, relating to the Company, its operations and/or its
prospects. 

  

	 	(vi)	 Regulation D Offering. The Subscriber represents that it is an “accredited investor” as such
term is defined in Rule 501(a) of Regulation D under the Securities Act and acknowledges the sale contemplated hereby is being made in reliance on a private placement exemption to “accredited investors” within the meaning of
Section 501(a) of Regulation D under the Securities Act or similar exemptions under federal or state law. 

  
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	 	(vii)	 Investment Purposes. The Subscriber is purchasing the Forward Purchase Securities solely for investment
purposes and not with a view towards the further distribution or dissemination thereof. The Subscriber did not decide to enter into this Agreement as a result of any general solicitation or general advertising within the meaning of Rule 502 under
the Securities Act. 

  

	 	(viii)	 Restrictions on Transfer; Shell Company. The Subscriber understands the Forward Purchase Securities are
being offered in a transaction not involving a public offering within the meaning of the Securities Act. The Subscriber understands the Forward Purchase Securities will be “restricted securities” within the meaning of Rule 144(a)(3) under
the Securities Act and the Subscriber understands that any certificates representing the Forward Purchase Securities will contain a legend in respect of such restrictions. If in the future the Subscriber decides to offer, resell, pledge or otherwise
transfer the Forward Purchase Securities, such securities may be offered, resold, pledged or otherwise transferred only pursuant to: (i) registration under the Securities Act, or (ii) an available exemption from registration. The
Subscriber agrees that if any transfer of its Forward Purchase Securities or any interest therein is proposed to be made, as a condition precedent to any such transfer, the Subscriber may be required to deliver to the Company an opinion of counsel
satisfactory to the Company. Absent registration or an exemption, the Subscriber agrees not to resell the Forward Purchase Securities. The Subscriber further acknowledges that because the Company is a shell company, Rule 144 may not be available to
the Subscriber for the resale of the Forward Purchase Securities until one (1) year following consummation of the Business Combination, despite technical compliance with the requirements of Rule 144 and the release or waiver of any contractual
transfer restrictions. 

  

	 	(ix)	 No Governmental Consents. No governmental, administrative or other third party consents or approvals are
required, necessary or appropriate on the part of the Subscriber in connection with the transactions contemplated by this Agreement. 

  

	 	(b)	 Company’s Representations, Warranties and Agreements. To induce the Subscriber to purchase the
Forward Purchase Securities, the Company hereby represents and warrants to the Subscriber and agrees with the Subscriber as follows: 

  

	 	(i)	 Organization and Corporate Power. The Company is a Cayman Islands exempted company. The Company
possesses all requisite corporate power and authority necessary to carry out the transactions contemplated by this Agreement. Upon execution and delivery by the Company of this Agreement, the Agreement will constitute a legal, valid and binding
agreement of the Company, enforceable against the Company in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance or similar laws affecting the enforcement of
creditors’ rights generally and subject to general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity). 

  
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	 	(ii)	 No Conflicts. The execution, delivery and performance of this Agreement and the consummation by the
Company of the transactions contemplated hereby do not violate, conflict with or constitute a default under (i) the Amended and Restated Memorandum and Articles of Association of the Company, (ii) any agreement, indenture or instrument to
which the Company is a party or (iii) any law, statute, rule or regulation to which the Company is subject, or (iv) any agreement, order, judgment or decree to which the Company is subject. 

 

	 	(iii)	 Title to Forward Purchase Securities. Upon issuance in accordance with, and payment pursuant to, the
terms hereof and the Company’s Amended and Restated Memorandum and Articles of Association, the Forward Purchase Securities will be duly and validly issued, fully paid and non-assessable. Upon issuance in
accordance with, and payment pursuant to, the terms hereof the Subscriber will have or receive good title to the Forward Purchase Securities, free and clear of all liens, claims and encumbrances of any kind, other than (a) transfer restrictions
under federal and state securities laws, and (b) liens, claims or encumbrances imposed due to the actions of the Subscriber. 

  

	 	(iv)	 No Adverse Actions. There are no actions, suits, investigations or proceedings pending, threatened
against or affecting the Company which: (i) seek to restrain, enjoin, prevent the consummation of or otherwise affect the transactions contemplated by this Agreement or (ii) question the validity or legality of any transactions or seeks to
recover damages or to obtain other relief in connection with any transactions. 

  

	 	(v)	 No Governmental Consents. No governmental, administrative or other third party consents or approvals are
required, necessary or appropriate on the part of the Company in connection with the transactions contemplated by this Agreement other than such state blue sky, FINRA and NASDAQ consents and approvals as may be required. 

 

	 	(vi)	 No General Solicitation. No form of general solicitation or general advertising within the meaning of
Regulation D of the U.S. Securities Act (including, but not limited to, advertisements, articles, notices or other communications published in any newspaper, magazine or similar medium or broadcast over television or radio, or any seminar or meeting
whose attendees have been invited by any general solicitation or general advertising) was used by the Company or any of its representatives in connection with the offer and sale of the Forward Purchase Securities. 

  
 4 

	 	(vii)	 No Brokers. No broker, finder or similar intermediary has acted for or on behalf of the Company or any
of its affiliates in connection with this Agreement or the transactions contemplated hereby and no broker, finder, agent or similar intermediary is entitled to any broker’s, finder’s or similar fee or other commission in connection
therewith. 

  

	 	(viii)	 Arms-Length. The purchase and sale of the Forward Purchase Securities contemplated by this Agreement is
an arms-length transaction between the Subscriber and the Company. 

  

	3.	 Registration Rights; Transfer. 

 

	 	(a)	 Registration. The Company agrees that it will use its commercially reasonable efforts to file with the
Securities and Exchange Commission (the “Commission”) (at the Company’s sole cost and expense), within thirty (30) calendar days after the Business Combination Closing (the “Filing Date”), a
registration statement (the “Forward Registration Statement”) registering the resale of the Forward Purchase Securities (the “Registrable Securities”), and the Company shall use its commercially
reasonable efforts to have the Forward Registration Statement declared effective as soon as practicable after the filing thereof (the “Effectiveness Deadline”); provided, however, that the Company’s
obligations to include the Registrable Securities in the Forward Registration Statement are contingent upon the Subscriber furnishing in writing to the Company such information regarding the Subscriber, the Forward Purchase Securities of the Company
held by the Subscriber and the intended method of disposition of the Registrable Securities as shall be reasonably requested by the Company to effect the registration of the Registrable Securities, and shall execute such documents in connection with
such registration as the Company may reasonably request that are customary of a selling shareholder in similar situations; provided further, that the Effectiveness Deadline shall be extended to ninety (90) calendar days after the
Filing Date if the Forward Registration Statement is reviewed by, and comments thereto are provided from, the Commission (provided, that if such day falls on a Saturday, Sunday or other day that the Commission is closed for business, the
Effectiveness Deadline shall be extended to the next Business Day on which the Commission is open for business). Notwithstanding the foregoing, if the Company is notified (orally or in writing, whichever is earlier) by the Commission that the
Forward Registration Statement will not be “reviewed” or subject to further review, the Company shall use its commercially reasonable efforts to have the Forward Registration Statement declared effective within ten (10) Business Days
of receipt of such notice. Notwithstanding anything to the contrary contained herein, (i) no registration shall be effected or permitted and no Forward Registration Statement shall become effective, with respect to any Registrable Securities
held by the Subscriber or any person or entity to whom the Subscriber is permitted to Transfer (as defined below) such Registrable Securities prior to the expiration of the Forward Purchase Lock-up Period (as
defined below) (a “Permitted Transferee”), until after the expiration of the Forward Purchase Lock-up Period. The Company may delay or postpone filing of such Forward Registration
Statement, and from time to time require the Subscriber not to sell under the Forward Registration Statement or suspend the use or effectiveness thereof if it determines that in order for the Forward Registration

  
 5 

	 	
Statement to not contain a material misstatement or omission, an amendment thereto would be needed, or if such filing or use could materially affect a bona fide business or financing transaction
of the Company or would require premature disclosure of information that could materially adversely affect the Company; provided, that, (w) the Company shall not so delay filing or so suspend the use of the Forward Registration Statement
for a period of more than ninety (90) consecutive days or more than a total of one hundred twenty (120) calendar days, in each case in any three hundred sixty (360) day period and (x) the Company shall use commercially reasonable
efforts to make the Forward Registration Statement available for the sale of the Forward Purchase Securities by the undersigned as soon as practicable thereafter. 

 

	 	(b)	 Indemnification. 

 

	 	(i)	 To the extent the Subscriber is a seller under the Forward Registration Statement, the Company shall,
notwithstanding any termination of this Agreement, indemnify, defend and hold harmless the Subscriber, the officers, directors, agents, partners, members, managers, shareholders, affiliates, employees and investment advisers of the Subscriber, each
person who controls the Subscriber (within the meaning of Section 15 of the Securities Act or Section 20 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), and the officers, directors,
partners, members, managers, shareholders, agents, affiliates, employees and investment advisers of each such controlling person, to the fullest extent permitted by applicable law, from and against any and all losses, claims, damages, liabilities,
costs (including, without limitation, reasonable costs of preparation and investigation and reasonable attorneys’ fees) and expenses (collectively, “Losses”), as incurred, that arise out of or are based upon (A) any
untrue or alleged untrue statement of a material fact contained in the Forward Registration Statement, any prospectus included in the Forward Registration Statement or any form of prospectus or in any amendment or supplement thereto or in any
preliminary prospectus, or arising out of or relating to any omission or alleged omission to state a material fact required to be stated therein or necessary to make the statements therein (in the case of any prospectus or form of prospectus or
supplement thereto, in light of the circumstances under which they were made) not misleading, or (B) any violation or alleged violation by the Company of the Securities Act, the Exchange Act or any state securities law or any rule or regulation
thereunder, in connection with the performance of its obligations under this Section 3, except to the extent, but only to the extent that such untrue statements, alleged untrue statements, omissions or alleged omissions are
based solely upon information regarding the Subscriber furnished in writing to the Company by the Subscriber expressly for use therein. The Company shall notify the Subscriber promptly of the institution, threat or assertion of any proceeding
arising from or in connection with the transactions contemplated by this Section 3 of which the Company is aware. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of
an indemnified party and shall survive the transfer of the Registrable Securities by the Company. 

  
 6 

	 	(ii)	 The Subscriber shall, severally and not jointly with any other selling shareholder named in the Forward
Registration Statement, indemnify and hold harmless the Company, its directors, officers, agents and employees, each person who controls the Company (within the meaning of Section 15 of the Securities Act and Section 20 of the Exchange
Act), and the directors, officers, agents or employees of such controlling persons, to the fullest extent permitted by applicable law, from and against all Losses, as incurred, arising out of or that are based upon any untrue or alleged untrue
statement of a material fact contained in the Forward Registration Statement, any prospectus included in the Forward Registration Statement, or any form of prospectus, or in any amendment or supplement thereto or in any preliminary prospectus, or
arising out of or relating to any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein (in the case of any prospectus, or any form of prospectus or supplement thereto, in light of
the circumstances under which they were made) not misleading to the extent, but only to the extent that such untrue statements or omissions are based solely upon information regarding the Subscriber furnished in writing to the Company by the
Subscriber expressly for use therein. In no event shall the liability of the Subscriber be greater in amount than the dollar amount of the net proceeds received by the Subscriber upon the sale of the Registrable Securities giving rise to such
indemnification obligation. 

  

	4.	 Additional Agreements and Acknowledgements of the Subscriber. 

 

	 	(a)	 Trust Account. 

 

	 	(i)	 The Subscriber hereby acknowledges that it is aware that the Company will establish a trust account (the
“Trust Account”) for the benefit of its public shareholders upon closing of the Company’s initial public offering (the “IPO”). The Subscriber, for itself and its affiliates, hereby agrees that it
has no right, title, interest or claim of any kind in or to any monies held in the Trust Account, or any other asset of the Company as a result of any liquidation of the Company, except for redemption and liquidation rights, if any, the Subscriber
may have in respect of any Forward Purchase Securities held by it. 

  

	 	(ii)	 The Subscriber hereby agrees that it shall have no right of set-off or
any right, title, interest or claim of any kind (“Claim”) to, or to any monies in, the Trust Account, and hereby irrevocably waives any Claim to, or to any monies in, the Trust Account that it may have now or in the future,
except for redemption and liquidation rights, if any, the Subscriber may have in respect of any Forward Purchase Securities held by it. In the event the Subscriber has any Claim against the Company under this Agreement, the

  
 7 

	 	
Subscriber shall pursue such Claim solely against the Company and its assets outside the Trust Account and not against the property or any monies in the Trust Account, except for redemption and
liquidation rights, if any, the Subscriber may have in respect of any Forward Purchase Securities held by it. 

  

	 	(b)	 Redemption and Liquidation. The Subscriber hereby waives, with respect to any Forward Purchase
Securities held by it, any redemption rights it may have in connection with (i) the consummation of a Business Combination, including, without limitation, any such rights available in the context of a shareholder vote to approve such Business
Combination and (ii) any shareholder vote to approve an amendment to the amended and restated memorandum and articles of association to modify the substance or timing of the Company’s obligation to redeem 100% of the Class A Shares
sold in the IPO if the Company has not consummated an initial Business Combination within 24 months from the closing of the IPO or in the context of a tender offer made by the Company to purchase Class A Shares, it being understood that the
Subscriber shall be entitled to redemption and liquidation rights with respect to any Forward Purchase Securities held by it. 

  

	 	(c)	 Voting. The Subscriber hereby agrees that if the Company seeks shareholder approval of a proposed
Business Combination, then in connection with such proposed Business Combination, the Subscriber shall vote any Class L Shares and Class A Shares owned by it in favor of any proposed Business Combination. 

 

	 	(d)	 No Short Sales. The Subscriber hereby agrees that neither it, nor any person or entity acting on its
behalf or pursuant to any understanding with it, will engage in any Short Sales with respect to the Forward Purchase Securities of the Company prior to the Business Combination Closing. For purposes of this Section, “Short Sales”
shall include, without limitation, all “short sales” as defined in Rule 200 promulgated under Regulation SHO under the Exchange Act, and all types of direct and indirect share pledges (other than pledges in the ordinary course of
business as part of prime brokerage arrangements), forward sale contracts, options, puts, calls, swaps and similar arrangements (including on a total return basis), and sales and other transactions through
non-U.S. broker dealers or foreign regulated brokers. Notwithstanding the foregoing, (i) nothing herein shall prohibit other entities under common management with the Subscriber that have no knowledge of
this Agreement from entering into any Short Sales and (ii) in the case of a Subscriber that is a multi-managed investment vehicle whereby separate portfolio managers manage separate portions of such Subscriber’s assets and the portfolio
managers have no knowledge of the investment decisions made by the portfolio managers managing other portions of such Subscriber’s assets, the covenant set forth above shall only apply with respect to the portion of assets managed by the
portfolio manager that made the investment decision to purchase the Forward Purchase Securities covered by this Agreement. 

  

  
 8 

	5.	 Settlement Date and Delivery. 

 

	 	(a)	 Closing of Purchase of Forward Purchase Securities. The consummation and settlement of the forward
purchase contract for the purchase and sale of the Forward Purchase Securities hereunder (the “Closing”) shall be held at the same date and immediately prior to the Business Combination Closing (the date of the Closing being
referred to as the “Closing Date”). No later than two business days prior to the Closing, the Subscriber shall deliver the Aggregate Purchase Price for the Forward Purchase Securities purchased hereunder in cash via wire
transfer to an account specified in writing by the Company. Upon the Closing, the Company will issue to the Subscriber the Forward Purchase Securities being purchased hereunder, each registered in the name of the Subscriber, against delivery of the
Aggregate Purchase Price. 

  

	 	(b)	 Conditions to Closing of the Company. The Company’s obligations to sell and issue the Forward
Purchase Securities at the Closing are subject to the fulfillment of the following conditions: 

  

	 	(i)	 Representations and Warranties. The representations and warranties made by the Subscriber in
Section 2 hereof shall be true and correct in all material respects when made and shall be true and correct in all material respects on and as of the Closing Date (unless they specifically speak as of another date in which
case they shall be true and correct in all material respects as of such date), with the same force and effect as if they had been made on and as of said date. 

 

	 	(ii)	 Covenants. All covenants, agreements and conditions contained in this Agreement to be performed by the
Subscriber on or prior to the Closing Date shall have been performed or complied with in all material respects. 

  

	 	(iii)	 Blue Sky. The Company shall have obtained all necessary Blue Sky law permits and qualifications, or
secured an exemption therefrom, required by any state for the offer and sale of the Forward Purchase Securities. 

  

	 	(c)	 Conditions to Closing of the Subscriber. The Subscriber’s obligation to purchase the Forward
Purchase Securities at the Closing is subject to the fulfillment on or prior to the Closing Date of each of the following conditions: 

  

	 	(i)	 Representations and Warranties. The representations and warranties made by the Company in
Section 2 hereof shall be true and correct in all material respects when made and shall be true and correct in all material respects on and as of the Closing Date (unless they specifically speak as of another date in which
case they shall be true and correct in all material respects as of such date), with the same force and effect as if they had been made on and as of said date. 

 

	 	(ii)	 Covenants. All covenants, agreements and conditions contained in this Agreement to be performed by the
Company on or prior to the Closing Date shall have been performed or complied with in all material respects. 

  
 9 

	 	(iii)	 Blue Sky. The Company shall have obtained all necessary Blue Sky law permits and qualifications, or
secured an exemption therefrom, required by any state for the offer and sale of the Forward Purchase Securities. 

  

	 	(iv)	 Business Combination. The Company’s proposed initial merger, share exchange, asset acquisition,
share purchase, reorganization or similar business combination with one or more businesses or entities (the “Business Combination”) shall have been approved by unanimous vote of the Board of Directors of the Company and the
conditions to the Business Combination Closing, including the approval of the Company’s shareholders, if applicable, shall have been satisfied or waived. 

 

	6.	 Restrictions on Transfer. 

The Subscriber hereby agrees not to sell, transfer, pledge, hypothecate or otherwise dispose of all or any part of the Forward Purchase Securities
(“Transfer”) until the earlier of (a) eighteen months after the completion of the Business Combination, (b) subsequent to the Business Combination, if the closing price of the Class A Ordinary Shares equals or
exceeds $13.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days
after the Business Combination, or (c) the date following the completion of the Business Combination on which the Company completes a liquidation, merger, share exchange, reorganization or other similar transaction that results in all of the
Company’s shareholders having the right to exchange their Shares for cash, securities or other property (the “Forward Purchase Lock-up Period”). Notwithstanding the above,
Transfers of the Forward Purchase Securities that are held by the Subscriber (that have complied with this paragraph 6), are permitted (a) to the Company’s officers or directors, any affiliates or family members of any of the
Company’s officers or directors, any affiliate of the Subscriber or to any members of the Subscriber or any of their affiliates; (b) in the case of an individual, Transfers by gift to a member of such individual’s immediate family or
to a trust, the beneficiary of which is a member of such individual’s immediate family, an affiliate of such individual or to a charitable organization; (c) in the case of an individual, Transfers by virtue of laws of descent and
distribution upon death of such individual; (d) in the case of an individual, Transfers pursuant to a qualified domestic relations order; (e) by private sales or Transfers made in connection with any forward purchase agreement or similar
arrangement or in connection with the consummation of the Business Combination at prices no greater than the price at which the securities were originally purchased; (f) by virtue of the limited partnership agreements or other applicable
organizational documents of the Subscriber upon dissolution of the Subscriber; (g) as distributions to limited partners or members of the Subscriber; (h) by virtue of the laws of the Cayman Islands or the Subscriber’s limited
liability company agreement upon dissolution of the Subscriber; (i) to the Company for no value for cancellation in connection with the completion of the Business Combination; (j) in the event of the Company’s liquidation prior to the
completion of the Business Combination; or (k) in the event of the Company’s liquidation, merger, share exchange, reorganization or other similar transaction which results in all of the Company’s shareholders having the right to
exchange their Shares for cash, securities or other property subsequent to the completion of the Business Combination; provided, however, that in the case of clauses (a) through (h), these permitted transferees must enter into a written
agreement with the Company agreeing to be bound by the transfer restrictions herein and the other restrictions contained in this Agreement (including provisions relating to voting, redemption and liquidation distributions and the trust account).

  
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 All certificates representing the Forward Purchase Securities shall have endorsed thereon a legend
substantially as follows: 
 “THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE
SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION, AND MAY NOT BE TRANSFERRED IN VIOLATION OF SUCH ACT AND LAWS. THE SALE, PLEDGE, HYPOTHECATION, OR TRANSFER OF THE SECURITIES REPRESENTED HEREBY ARE SUBJECT TO THE TERMS AND CONDITIONS OF A CERTAIN
FORWARD PURCHASE AGREEMENT BY AND AMONG THE HOLDER AND THE COMPANY. COPIES OF SUCH AGREEMENT MAY BE OBTAINED UPON WRITTEN REQUEST TO THE SECRETARY OF THE COMPANY.” 

The legend set forth above shall be removed and the Company shall issue to the Subscriber a new certificate therefore free of any transfer legend if the
Subscriber shall have received an opinion of counsel, in form, substance and scope customary for opinions of counsel in comparable transactions, to the effect that the Forward Purchase Lock-up Period has
expired and a public sale or transfer of such Forward Purchase Securities may be made without registration under the Securities Act, which opinion shall be reasonably accepted by the Company so that the sale or transfer is effected. 

 

	7.	 Other Agreements. 

 

	 	(a)	 Further Assurances. Each of the Company and the Subscriber agrees to execute such further instruments
and to take such further action as may reasonably be necessary to carry out the intent of this Agreement. 

  

	 	(b)	 Notices. 

  

	 	(i)	 All notices and other communications given or made pursuant to this Agreement shall be in writing and shall be
deemed effectively given upon the earlier of actual receipt, or (i) personal delivery to the party to be notified, (ii) when sent, if sent by electronic mail or facsimile (if any) during normal business hours of the recipient, and if not
sent during normal business hours, then on the recipient’s next Business Day, (iii) five (5) Business Days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or (iv) one (1) Business Day
after deposit with a nationally recognized overnight courier, freight prepaid, specifying next Business Day delivery, with written verification of receipt. 

  

	 	(ii)	 All communications sent to the Company shall be sent to: MELI Kaszek Pioneer Corp, 78 SW 7th Street, Individual
Office No. 07-156, Miami, Florida 33130, with a copy to the Company’s counsel at Cleary Gottlieb Steen & Hamilton, LLP, One Liberty Plaza, New York, NY 10006, Attention: Nicolas
Grabar & Adam J. Brenneman. 

  
 11 

	 	(iii)	 All communications to the Subscriber shall be sent to the Subscriber’s address as set forth on the
signature page hereof, or to such e-mail address, facsimile number (if any) or address as subsequently modified by written notice given in accordance with this Section 7(b). 

 

	 	(c)	 Entire Agreement. This Agreement, substantially in the form to be filed as an exhibit to the
registration statement relating to the IPO (“Registration Statement”), embodies the entire agreement and understanding between the Subscriber and the Company with respect to the subject matter hereof and supersedes all prior
oral or written agreements and understandings relating to the subject matter hereof. No statement, representation, warranty, covenant or agreement of any kind not expressly set forth in this Agreement shall affect, or be used to interpret, change or
restrict, the express terms and provisions of this Agreement. 

  

	 	(d)	 Modifications and Amendments. The terms and provisions of this Agreement may be modified or amended only
by written agreement executed by all parties hereto. 

  

	 	(e)	 Waivers and Consents. The terms and provisions of this Agreement may be waived, or consent for the
departure therefrom granted, only by written document executed by all parties hereto. No such waiver or consent shall be deemed to be or shall constitute a waiver or consent with respect to any other terms or provisions of this Agreement, whether or
not similar. Each such waiver or consent shall be effective only in the specific instance and for the purpose for which it was given, and shall not constitute a continuing waiver or consent. 

 

	 	(f)	 Assignment. Prior to the expiration of the Forward Purchase
Lock-up Period, the Subscriber may not assign or delegate such Subscriber’s rights, duties or obligations under this Agreement, in whole or in part, except in connection with a transfer of Registrable
Securities by the Subscriber to a Permitted Transferee but only if such Permitted Transferee agrees to become bound by the transfer restrictions set forth in this Agreement. After the expiration of the Forward Purchase
Lock-up Period, the rights and obligations under this Agreement may be assigned by any of the parties hereto with the prior written consent of the other parties; provided that the Subscriber may assign
its rights and obligations to an affiliate with the prior consent of the other parties. 

  

	 	(g)	 Benefit. All statements, representations, warranties, covenants and agreements in this Agreement shall
be binding on the parties hereto and shall inure to the benefit of the respective successors and permitted assigns of each party hereto. Nothing in this Agreement shall be construed to create any rights or obligations except among the parties
hereto, and no person or entity shall be regarded as a third-party beneficiary of this Agreement. 

  

	 	(h)	 Governing Law. This Agreement and the rights and obligations of the parties hereunder shall be construed
in accordance with and governed by the laws of New York applicable to contracts wholly performed within the borders of such state, without giving effect to the conflict of law principles thereof. 

  
 12 

	 	(i)	 Jurisdiction. The parties (i) hereby irrevocably and unconditionally submit to the jurisdiction of
the state courts of New York and to the jurisdiction of the United States District Court for the Southern District of New York for the purpose of any suit, action or other proceeding arising out of or based upon this Agreement, (ii) agree not
to commence any suit, action or other proceeding arising out of or based upon this Agreement except in state courts of New York or the United States District Court for the Southern District of New York, and (iii) hereby waive, and agree not to
assert, by way of motion, as a defense, or otherwise, in any such suit, action or proceeding, any claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune from attachment or
execution, that the suit, action or proceeding is brought in an inconvenient forum, that the venue of the suit, action or proceeding is improper or that this Agreement or the subject matter hereof may not be enforced in or by such court.

  

	 	(j)	 Severability. In the event that any court of competent jurisdiction shall determine that any provision,
or any portion thereof, contained in this Agreement shall be unreasonable or unenforceable in any respect, then such provision shall be deemed limited to the extent that such court deems it reasonable and enforceable, and as so limited shall remain
in full force and effect. In the event that such court shall deem any such provision, or portion thereof, wholly unenforceable, the remaining provisions of this Agreement shall nevertheless remain in full force and effect. 

 

	 	(k)	 No Waiver of Rights, Powers and Remedies. No failure or delay by a party hereto in exercising any right,
power or remedy under this Agreement, and no course of dealing between the parties hereto, shall operate as a waiver of any such right, power or remedy of such party. No single or partial exercise of any right, power or remedy under this Agreement
by a party hereto, nor any abandonment or discontinuance of steps to enforce any such right, power or remedy, shall preclude such party from any other or further exercise thereof or the exercise of any other right, power or remedy hereunder. The
election of any remedy by a party hereto shall not constitute a waiver of the right of such party to pursue other available remedies. No notice to or demand on a party not expressly required under this Agreement shall entitle the party receiving
such notice or demand to any other or further notice or demand in similar or other circumstances or constitute a waiver of the rights of the party giving such notice or demand to any other or further action in any circumstances without such notice
or demand. 

  

	 	(l)	 Survival of Representations and Warranties. All representations and warranties made by the parties
hereto in this Agreement or in any other agreement, certificate or instrument provided for or contemplated hereby, shall survive the execution and delivery hereof and any investigations made by or on behalf of the parties. 

 

	 	(m)	 Headings and Captions. The headings and captions of the various subdivisions of this Agreement are for
convenience of reference only and shall in no way modify or affect the meaning or construction of any of the terms or provisions hereof. 

  
 13 

	 	(n)	 Counterparts. This Agreement may be executed in one or more counterparts, all of which when taken
together shall be considered one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other party, it being understood that both parties need not sign the same counterpart. In the
event that any signature is delivered by facsimile transmission or any other form of electronic delivery (including any electronic signature covered by the U.S. federal ESIGN Act of 2000, Uniform Electronic Transactions Act, the Electronic
Signatures and Records Act or other applicable law, e.g., www.docusign.com), such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such
signature page were an original thereof. 

  

	 	(o)	 Construction. The words “include,” “includes,” and
“including” will be deemed to be followed by “without limitation.” Pronouns in masculine, feminine, and neuter genders will be construed to include any other gender, and words in the singular form will be construed
to include the plural and vice versa, unless the context otherwise requires. The words “this Agreement,” “herein,” “hereof,” “hereby,” “hereunder,” and words of
similar import refer to this Agreement as a whole and not to any particular subdivision unless expressly so limited. The parties hereto intend that each representation, warranty, and covenant contained herein will have independent significance. If
any party hereto has breached any representation, warranty, or covenant contained herein in any respect, the fact that there exists another representation, warranty or covenant relating to the same subject matter (regardless of the relative levels
of specificity) which such party hereto has not breached will not detract from or mitigate the fact that such party hereto is in breach of the first representation, warranty, or covenant. 

 

	 	(p)	 Mutual Drafting. This Agreement is the joint product of the Subscriber and the Company and each
provision hereof has been subject to the mutual consultation, negotiation and agreement of such parties and shall not be construed for or against any party hereto. 

 

	8.	 Indemnification. Each party shall indemnify the other against any reasonable loss, cost or damages
(including reasonable attorney’s fees and expenses) incurred as a result of such party’s breach of any representation, warranty, covenant or agreement in this Agreement, as determined by a final
non-appealable judgment of a court of competent jurisdiction. 

  

	9.	 Term. The Subscriber’s obligation to acquire the Forward Purchase Securities hereunder, and the
Company’s obligation to sell the Forward Purchase Securities hereunder, shall be in effect until the earlier of (i) the consummation of the Business Combination within the time frame permitted by the Company’s amended and restated
memorandum and articles of associations, which, as of the date hereof, is expected to be 24 months from the consummation of the IPO, including any extensions beyond such term effected pursuant to the terms of the amended and restated memorandum and
articles of association, and (ii) the liquidation of the Company in the event that the Company is unable to consummate the Business Combination within the time frame permitted by the amended and restated memorandum and articles of association
(including any extensions). 

  
 14 

	10.	 Disclosure. The Subscriber hereby acknowledges that (i) the terms of this Agreement will be
disclosed in the Registration Statement, (ii) if deemed reasonably necessary by the Company, this Agreement will be filed with the Commission as an exhibit to the Registration Statement and (iii) the Company will disclose the terms of this
Agreement to potential IPO investors and to potential Business Combination targets. Notwithstanding the foregoing, before the filing of any such Registration Statement or the use of any marketing materials for potential IPO investors or potential
Business Combination targets or otherwise in connection with the “road show” for the IPO which include the Subscriber’s name, the Subscriber shall have a reasonable opportunity to review the disclosure in such Registration Statement
or other marketing materials concerning the Subscriber and this Agreement and make reasonable comments thereon. 

[Signature Page Follows] 

  
 15 

 If the foregoing accurately sets forth our understanding and agreement, please sign the enclosed copy of
this Agreement and return it to us. 
 Accepted and agreed this 1st day of October, 2021. 

 

			
	MELI KASZEK PIONEER CORP
		
	By:	 	 /s/ Hernan Kazah

	Name:	 	Hernan Kazah
	Title:	 	Co-Chief Executive Officer
	
	MELI KASZEK PIONEER SPONSOR LLC
	
	By: Kaszek Venture Opportunity II, L.P., its Co-Managing Member
		
	By:	 	 /s/ Hernan Kazah

	Name:	 	Hernan Kazah
	Title:	 	Director of Kaszek Ventures Opportunity Partners II, Ltd., as general partner of Kaszek Ventures Opportunity Partners II, L.P., as general partner of Kaszek Ventures Opportunity II, L.P.
	Address:	 	7 Campbells Corporate Services Limited, Floor 4, Willow House, Cricket Square, Grand Cayman KY1-9010, Cayman Islands.
	Email:	 	hernan@melikaszek.com
	
	By: MELI Capital Ventures LLC, its Co-Managing Member
		
	By:	 	 /s/ Pedro Arnt

	Name:	 	Pedro Arnt
	Title:	 	Manager
	Address:	 	7 Campbells Corporate Services Limited, Floor 4, Willow House, Cricket Square, Grand Cayman KY1-9010, Cayman Islands.
	Email:	 	pedro@melikaszek.com

 [Signature Page to Forward Purchase Agreement]

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