SEC Contract Filing

Filing Date: 2022-01-18

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>tm2116619d46_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit&nbsp;10.1</B></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This TERMINATION FEE AGREEMENT
(the &ldquo;<B>Agreement</B>&rdquo;), dated as of January&nbsp;3, 2022 (the &ldquo;<B>Effective Date</B>&rdquo;), is entered into by
and between PIONEER MERGER SPONSOR LLC, a Cayman Islands limited liability company (&ldquo;<B>Sponsor</B>&rdquo;), and ACORNS GROW INCORPORATED,
a Delaware corporation (&ldquo;<B>Company</B>&rdquo; or &ldquo;<B>Acorns</B>&rdquo;) (each, a &ldquo;<B>Party</B>&rdquo; and collectively,
the &ldquo;<B>Parties</B>&rdquo;).</P>

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

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt">WHEREAS,
on May&nbsp;26, 2021, Pioneer Merger Corp., a Cayman Island exempted company (&ldquo;<B>Pioneer</B>&rdquo;), Pioneer SPAC Merger Sub
Inc., a Delaware corporation (&ldquo;<B>Merger Sub</B>&rdquo;) and the Company entered into a Business Combination Agreement (as it may
be amended, supplemented or otherwise modified from time to time</FONT>, <FONT STYLE="font-size: 10pt">the &ldquo;<B>Business Combination
Agreement</B>&rdquo;);</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, (i)&nbsp;each of
the Sponsor and Acorns desires to provide for certain payments and other agreements among the Parties hereto in the event that the transactions
contemplated by the Business Combination Agreement are not consummated on the terms and subject to the conditions set forth in the Business
Combination Agreement, and (ii)&nbsp;each of the managing member of Sponsor and the Board of Directors has approved the execution, delivery
and performance by such Party of this Agreement and the transactions contemplated hereby.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, in consideration
of the foregoing premises and the respective representations, warranties, covenants and agreements contained herein, and intending to
be legally bound, the Parties hereto hereby agree as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Article&nbsp;I</B></FONT><B><BR>
DEFINITIONS</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; text-transform: uppercase">Section&nbsp;1.1.</FONT><FONT STYLE="text-transform: uppercase">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt"><U>Definitions</U>.
Unless otherwise specifically defined herein, each capitalized term used but not defined herein shall have the meaning assigned to such
term in the Business Combination Agreement.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Article&nbsp;II</B></FONT><B><BR>
PAYMENT EFFECTIVE DATE</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt; text-transform: uppercase">Section&nbsp;2.1.</FONT><FONT STYLE="text-transform: uppercase">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><FONT STYLE="font-size: 10pt"><U>Failure
to Consummate</U>. If the Closing (as defined in the Business Combination Agreement) has not occurred for any reason whatsoever on or
before January&nbsp;14, 2022, including the failure of any of the conditions set forth in Article&nbsp;VII thereof, then (i)&nbsp;each
of Pioneer and Acorns shall be entitled to terminate the Business Combination Agreement on the terms and subject to the conditions set
forth in this Agreement, and (ii)&nbsp;either Pioneer may send Acorns a written notice, or Acorns may send Pioneer a written notice,
in each case, terminating the Business Combination Agreement (such notice, whether delivered by Pioneer or Acorns, the &ldquo;<B>Notice</B>&rdquo;).
The date of the Notice shall be referred to as the &ldquo;<B>Payment Effective Date</B>&rdquo;.</FONT></P>

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