SEC Contract Filing

Filing Date: 2022-03-18

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ea156963ex10-1_moneylion.htm
<DESCRIPTION>EMPLOYMENT AGREEMENT, DATED AS OF MARCH 14, 2022, BY AND BETWEEN MONEYLION TECHNOLOGIES INC. AND DIWAKAR CHOUBEY
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Exhibit 10.1</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Employment Agreement
(&ldquo;<B>Agreement</B>&rdquo;) is entered into as of March 14, 2022 (the &ldquo;<B>Effective Date</B>&rdquo;) by and between MoneyLion
Technologies Inc., a Delaware corporation (the &ldquo;<B>Company</B>&rdquo;), with its principal place of business at 30 West 21st Street,
9th Floor, New York City, New York, and Diwakar Choubey (&ldquo;<B>Executive</B>&rdquo;). Company and Executive shall sometimes be referred
to individually as the &ldquo;<B>Party</B>&rdquo; or collectively as the &ldquo;<B>Parties</B>.&rdquo;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Company desires
to continue to retain Executive as an employee to provide services to the Company, and wishes to provide Executive with certain compensation
and benefits in return for Executive&rsquo;s services;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, Executive desires
to continue to be employed by the Company and provide such services to the Company as an Executive in return for certain compensation
and benefits;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, this Agreement amends,
restates, supersedes and otherwise replaces any existing employment agreement or term sheet, whether written or oral, currently in existence
between the Company and Executive, and provides benefits to Executive that Executive is not currently, and would not otherwise be, entitled
to without this Agreement; and</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Company and Executive
wish to set forth in this Agreement the terms and conditions under which Executive will be employed by Company.</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, incorporating
herein by reference the foregoing Recitals and in consideration of Executive&rsquo;s employment with Company and of the mutual covenants
and agreements contained herein, and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
the Parties, intending to be legally bound, agree as follows:</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; text-transform: uppercase; margin-top: 0pt; margin-bottom: 0pt"> 1. <U>employment</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company hereby agrees
to employ Executive, and Executive hereby accepts such employment, on the terms and conditions set forth herein.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>1.1 Term</B>.
This Agreement is effective on and from the Effective Date and will continue for an initial period of three years (the &ldquo;<B>Initial
Term</B>&rdquo;). This Agreement will automatically be extended annually upon the same terms and conditions set forth below for one-year
extensions unless either Party provides ninety (90) days&rsquo; prior written notice to the other Party of intent not to renew the Agreement
(the Initial Term, together with any such extensions, the &ldquo;<B>Term</B>&rdquo;). For the sake of clarity, a notice of nonrenewal
provided by the Company to Executive shall be considered a termination by the Company without Cause.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-ind