Exhibit 10.7


 


Corner Growth Acquisition Corp. 2

251 Lytton Avenue, Suite 200


Palo Alto, CA 94301


 


February 18, 2021


 


CGA Sponsor 2, LLC


251 Lytton Avenue, Suite 200


Palo Alto, CA 94301


 


		RE:	Securities Subscription
                                         Agreement



 


Gentlemen:


 


This agreement (this “Agreement”) is entered
into on February 18, 2021 by and between CGA Sponsor 2, LLC, a Delaware limited liability company (the “Subscriber”
or “you”), and Corner Growth Acquisition Corp. 2, a Cayman Islands exempted company (the “Company”).
Pursuant to the terms hereof, the Company hereby accepts the offer the Subscriber has made to subscribe for and purchase 5,031,250
Class B ordinary shares, $0.0001 par value per share (the “Shares”), up to 656,250 of which are subject to
surrender and cancellation by you if the underwriters of the initial public offering (“IPO”) of units (“Units”)
of the Company do not fully exercise their over-allotment option (the “Over-allotment Option”). The Company
and the Subscriber’s agreements regarding such Shares are as follows:


 


		1.	Purchase of Securities.



 


1.1    Purchase of Shares. For the sum of $25,000 (the “Purchase
Price”), which the Company acknowledges receiving in cash, the Company hereby issues the Shares to the Subscriber, and
the Subscriber hereby subscribes for and purchases the Shares from the Company, 656,250 of which are subject to surrender and
cancellation, on the terms and subject to the conditions set forth in this Agreement. All references in this Agreement to shares
of the Company being surrendered and canceled shall take effect as surrenders and cancellations for no consideration of such shares
as a matter of Cayman Islands law.


 


		2.	Representations,
                                         Warranties and Agreements.



 


2.1    Subscriber’s Representations, Warranties and Agreements.
To induce the Company to issue the Shares to the Subscriber, the Subscriber hereby represents and warrants to the Company and
agrees with the Company as follows:


 


2.1.1   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 Shares.


 


2.1.2   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 or (iii) any law, statute, rule or regulation to which the Subscriber is subject, or any agreement,
order, judgment or decree to which the Subscriber is subject.


 






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2.1.3   Registration and Authority. The Subscriber is a Delaware limited
liability company, validly existing and in good standing under the laws of the State of Delaware and possesses all requisite power
and authority necessary to carry out the transactions contemplated by this Agreement. Upon execution and delivery by you, this
Agreement will be a legal, valid and binding agreement of Subscriber, enforceable against 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).


 


2.1.4   Experience, Financial Capability and Suitability. Subscriber
is: (i) sophisticated in financial matters and is able to evaluate the risks and benefits of the investment in the Shares and
(ii) able to bear the economic risk of its investment in the Shares for an indefinite period of time because the Shares have not
been registered under the Securities Act of 1933, as amended (the “Securities Act”) and therefore cannot be sold unless
subsequently registered under the Securities Act or an exemption from such registration is available. Subscriber is capable of
evaluating the merits and risks of its investment in the Company and has the capacity to protect its own interests. Subscriber
must bear the economic risk of this investment until the Shares are sold pursuant to: (x) an effective registration statement
under the Securities Act or (y) an exemption from registration available with respect to such sale. Subscriber is able to bear
the economic risks of an investment in the Shares and to afford a complete loss of Subscriber’s investment in the Shares.


 


2.1.5   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, Subscriber has relied solely on Subscriber’s own knowledge and understanding of the Company and
its business based upon Subscriber’s own due diligence investigation and the information furnished pursuant to this paragraph.
Subscriber understands that no person has been authorized to give any information or to make any representations which were not
furnished pursuant to this Section 2 and 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.


 


2.1.6   Regulation D Offering. 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 and state law.


 


2.1.7   Investment Purposes. The Subscriber is purchasing the Shares
solely for investment purposes, for the Subscriber’s own account and not for the account or benefit of any other person,
and not with a view towards the 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 of Regulation D under the Securities
Act.


 


2.1.8   Restrictions on Transfer; Shell Company. Subscriber understands
the Shares are being offered in a transaction not involving a public offering within the meaning of the Securities Act. Subscriber
understands the Shares will be “restricted securities” within the meaning of Rule 144(a)(3) under the Securities Act,
and Subscriber understands that the certificates representing the Shares will contain a legend in respect of such restrictions.
If in the future the Subscriber decides to offer, resell, pledge or otherwise transfer the Shares, such Shares may be offered,
resold, pledged or otherwise transferred only pursuant to: (i) registration under the Securities Act, or (ii) an available exemption
from registration. Subscriber agrees that if any transfer of its Shares or any interest therein is proposed to be made, as a condition
precedent to any such transfer, 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 Shares. 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 Shares until
one year following consummation of the initial business combination of the Company, despite technical compliance with the requirements
of Rule 144 and the release or waiver of any contractual transfer restrictions.


 






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


 


2.2   Company’s Representations, Warranties and Agreements.
To induce the Subscriber to subscribe for and purchase the Shares, the Company hereby represents and warrants to the Subscriber
and agrees with the Subscriber as follows:


 


2.2.1   Incorporation and Corporate Power. The Company is a Cayman
Islands exempted company and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably
be expected to have a material adverse effect on the financial condition, operating results or assets of the 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, this Agreement will be 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).


 


2.2.2   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 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 any agreement,
order, judgment or decree to which the Company is subject.


 


2.2.3   Title to Securities. Upon issuance in accordance with, and
payment pursuant to, the terms hereof, and registration in the Company’s register of members, the Shares will be duly and
validly issued, fully paid and nonassessable. Upon issuance in accordance with, and payment pursuant to, the terms hereof, and
registration in the Company’s register of members, the Subscriber will have or receive good title to the Shares, free and
clear of all liens, claims and encumbrances of any kind, other than (a) transfer restrictions hereunder and other agreements to
which the Shares may be subject, (b) transfer restrictions under federal and state securities laws, and (c) liens, claims or encumbrances
imposed due to the actions of the Subscriber.


 


2.2.4   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.


 






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		3.	Surrender and
                                         Cancellation of Shares.



 


3.1   Partial or No Exercise of the Over-allotment Option. In the
event the Over-allotment Option granted to the representative(s) of the underwriters of the Company’s IPO is not exercised
in full, the Subscriber acknowledges and agrees that it shall surrender for cancellation any and all rights to such number of
Shares (up to an aggregate of 656,250 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such
that immediately following such surrender, the Subscriber (and all other initial shareholders prior to the IPO, if any) will own
an aggregate number of Shares (not including ordinary shares issuable upon exercise of any warrants or any ordinary shares subscribed
for and purchased by Subscriber in the Company’s IPO or in the aftermarket) equal to 20% of the issued and outstanding ordinary
shares of the Company immediately following the IPO.


 


3.2   Termination of Rights as Shareholder. If any of the Shares
are surrendered and cancelled in accordance with this Section 3, then after such time the Subscriber (or successor in interest),
shall no longer have any rights as a holder of such Shares, and the Company shall take such action as is appropriate to cancel
such Shares.


 


4.            Waiver
of Liquidation Distributions; Redemption Rights. In connection with the Shares subscribed for and purchased pursuant
to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions
by the Company from the trust account which will be established for the benefit of the Company’s public shareholders and
into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event
of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes
of clarity, in the event the Subscriber subscribes for and purchases ordinary shares in the IPO or in the aftermarket, any additional
Shares so subscribed for and purchased shall be eligible to receive any liquidating distributions by the Company. However, in
no event will the Subscriber have the right to redeem any ordinary shares into funds held in the Trust Account upon the successful
completion of an initial business combination.


 


5.            Restrictions
on Transfer.


 


5.1   Securities Law Restrictions. In addition to any restrictions
to be contained in that certain letter agreement (commonly known as an “Insider Letter”) to be dated as of
the closing of the IPO by and between Subscriber and the Company, Subscriber agrees not to sell, transfer, pledge, hypothecate
or otherwise dispose of all or any part of the Shares unless, prior thereto (a) a registration statement on the appropriate form
under the Securities Act and applicable state securities laws with respect to the Shares proposed to be transferred shall then
be effective or (b) the Company has received an opinion from counsel reasonably satisfactory to the Company, that such registration
is not required because such transaction is exempt from registration under the Securities Act and the rules promulgated by the
Securities and Exchange Commission thereunder and with all applicable state securities laws.


 


5.2   Restrictive Legends. Any certificates representing the
Shares shall have endorsed thereon legends substantially as follows:


 


“THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED
STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS AND NEITHER THE SECURITIES NOR ANY INTEREST THEREIN MAY
BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH
ACT OR SUCH LAWS OR AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT AND SUCH LAWS WHICH, IN THE OPINION OF COUNSEL, IS AVAILABLE.”


 






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“THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO LOCKUP PROVISIONS
AND MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED DURING THE TERM OF THE LOCKUP.”


 


5.3   Additional Shares or Substituted Securities. In the event
of the declaration of a share capitalization, the declaration of an extraordinary dividend payable in a form other than Shares,
a spin-off, a share sub-division, an adjustment in conversion ratio, a recapitalization or a similar transaction affecting the
Company’s outstanding Shares without receipt of consideration, any new, substituted or additional securities or other property
which are by reason of such transaction distributed with respect to any Shares subject to this Section 5 or into which such Shares
thereby become convertible shall immediately be subject to this Section 5 and Section 3. Appropriate adjustments to reflect the
distribution of such securities or property shall be made to the number and/or class of Shares subject to this Section 5 and Section
3.


 


5.4   Registration Rights. Subscriber acknowledges that the
Shares are being subscribed for and purchased pursuant to an exemption from the registration requirements of the Securities Act
and will become freely tradable only after certain conditions are met or they are registered pursuant to a Registration and Shareholder
Rights Agreement to be entered into with the Company prior to the closing of the IPO.


 


		6.	Other Agreements.



 


6.1   Further Assurances. 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.


 


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


 


6.3   Entire Agreement. This Agreement, together with that
certain Insider Letter to be entered into between Subscriber and the Company, substantially in the form to be filed as an exhibit
to the Registration Statement on Form S-1 associated with the Company’s IPO, 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.


 


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


 


6.5   Waivers and Consents. The terms and provisions of this
Agreement may be waived, or consent for the departure therefrom granted, only by a written document executed by the party entitled
to the benefits of such terms or provisions. 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.


 






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6.6   Assignment. The rights and obligations under this Agreement
may not be assigned by either party hereto without the prior written consent of the other party.


 


6.7   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.


 


6.8   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 Delaware applicable to contracts wholly
performed within the borders of such state, without giving effect to the conflict of law principles thereof.


 


6.9   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.


 


6.10   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.


 


6.11   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.


 


6.12   No Broker or Finder. Each of the parties hereto represents
and warrants to the other that no broker, finder or other financial consultant has acted on its behalf in connection with this
Agreement or the transactions contemplated hereby in such a way as to create any liability on the other. Each of the parties hereto
agrees to indemnify and save the other harmless from any claim or demand for commission or other compensation by any broker, finder,
financial consultant or similar agent claiming to have been employed by or on behalf of such party and to bear the cost of legal
expenses incurred in defending against any such claim.


 






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6.13   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.


 


6.14   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, 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.


 


6.15   Construction. The parties hereto have participated jointly
in the negotiation and drafting of this Agreement. If an ambiguity or question of intent or interpretation arises, this Agreement
will be construed as if drafted jointly by the parties hereto and no presumption or burden of proof will arise favoring or disfavoring
any party hereto because of the authorship of any provision of this Agreement. 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.


 


6.16   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.


 


7.            Voting
and Redemption of Shares. Subscriber agrees to vote the Shares in favor of an initial business combination that the Company
negotiates and submits for approval to the Company’s shareholders and shall not seek redemption or repurchase with respect
to such Shares. Additionally, the Subscriber agrees not to tender any Shares in connection with a tender offer presented to the
Company’s shareholders in connection with an initial business combination negotiated by the Company.


 


[Signature Page Follows]


 






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If the foregoing accurately sets forth our understanding and
agreement, please sign the enclosed copy of this Agreement and return it to us.


 





 


	 	Very truly yours,

                    


                    

                    Corner Growth Acquisition Corp. 2

                    a Cayman
Islands exempted company


	 	 
	 	By: 	/s/ Marvin Tien
	 	 	Name: Marvin Tien
Title:   Co-Chairman and Chief Executive Officer



 


Accepted
and agreed as of the date first written above.


 


CGA Sponsor 2, LLC


a Delaware limited liability company








	 	 
	By: 	/s/ Marvin Tien	 
	 	Name: Marvin Tien
Title:   Manager	 


 


 


 



    [Signature Page to Securities Subscription Agreement]