Document:

Exhibit 10.5

 

____________, 2020

 

Gentlemen:

 

Collective Growth Corporation
(“Corporation”), a blank check company formed for the purpose of acquiring one or more businesses or entities (a “Business
Combination”), intends to register its securities under the Securities Act of 1933, as amended (“Securities Act”),
in connection with its initial public offering to be lead-managed by Cantor Fitzgerald & Co. (“IPO”). The Corporation
currently anticipates selling units in the IPO, each comprised of one share of Class A common stock, par value $0.0001 per share,
of the Corporation (“Common Stock”) and one-half of one warrant (“Warrant”), each whole Warrant to purchase
one share of Common Stock.

 

The undersigned hereby
commits to purchase an aggregate of 75,000 units of the Corporation (“Private Units”) at $10.00 per Private Unit, for
an aggregate purchase price of $750,000 (the “Purchase Price”). The Private Units and underlying warrants (the “Private
Warrants”) will be identical to the units and warrants to be sold in the IPO except as described in the Corporation’s
registration statement filed in connection with the IPO (“Registration Statement”). The undersigned shall pay the Purchase
Price for the Private Units by wire transfer of immediately available funds to the trust account established by the Corporation
in connection with the IPO on the date the IPO is consummated.

 

The Private Units and underlying Private
Warrants will be identical to the units and warrants to be sold by the Corporation in the IPO, except that:

 

	 	●	the undersigned agrees not to seek conversion, or seek to sell in any tender offer, in connection with any proposed Business Combination any shares of Common Stock included in the Private Units;

 

	 	●	the Private Warrants included in the Private Units (i) will not be redeemable by the Corporation, (ii) may be exercised for cash or on a cashless basis, as described in the Registration Statement, in each case so long as they are held by the undersigned or any of its permitted transferees and (iii) may not be exercised after five years from the effective date of the Registration Statement so long as the Private Warrants included in the Private Units are held by the undersigned or its designees or affiliates;

 

	 	●	the Private Units and underlying securities will not be transferable by the undersigned until the consummation of a Business Combination (subject to certain exceptions as described in the Registration Statement and set forth in the warrant agreement governing the Private Warrants);

 

	 	●	the Private Units and the securities underlying the Private Units will be subject to customary registration rights, pursuant to a registration rights agreement on terms agreed upon by the Corporation and the Underwriters to be filed as an exhibit to the Registration Statement;

 

	 	●	the undersigned will not participate in any liquidation distribution with respect to the Private Units or the underlying securities if the Corporation fails to consummate a Business Combination; and

 

	 	●	the Private Units and the underlying securities will include any additional terms or restrictions as is customary in other similarly structured blank check company offerings or as may be reasonably required by the Underwriters in order to consummate the IPO, which terms or restrictions will be described in the Registration Statement.

 

The undersigned acknowledges
and agrees that it will execute agreements in form and substance typical for transactions of this nature necessary to effectuate
the foregoing agreements and obligations prior to the consummation of the IPO as are reasonably acceptable to the undersigned,
including but not limited to a registration rights agreement.

 

The undersigned further
acknowledges and agrees that the Private Units and their component parts and the related registration rights will be deemed compensation
by the Financial Industry Regulatory Authority (“FINRA”) and will therefore, pursuant to Rule 5110(g) of the FINRA
Manual, be subject to lock-up for a period of 180 days immediately following the date of effectiveness or commencement of sales
in the IPO, subject to FINRA Rule 5110(g)(2). Additionally, the Private Units and their component parts and the related registration
rights may not be sold, transferred, assigned, pledged or hypothecated or be the subject of any hedging, short sale, derivative,
put or call transaction that would result in the economic disposition of such securities by any person during the foregoing 180
day period following the effective date of the Registration Statement except to any underwriter or selected dealer participating
in the IPO and the bona fide officers or partners of the undersigned and any such participating underwriter or selected dealer.

 

     

     

    

 

The undersigned hereby
represents and warrants that, as applicable:

 

		(a)	it has been advised that the Private Units and the underlying securities have not been registered
under the Securities Act;

 

		(b)	it is acquiring the Private Units and the underlying securities for its account for investment
purposes only;

 

		(c)	it has no present intention of selling or otherwise disposing of the Private Units or the underlying
securities in violation of the securities;

 

		(d)	it is an “accredited investor” as defined by Rule 501 of Regulation D promulgated under
the Securities Act of 1933, as amended;

 

		(e)	it has had both the opportunity to ask questions and receive answers from the officers and directors
of the Corporation and all persons acting on its behalf concerning the terms and conditions of the offer made hereunder;

 

		(f)	it is familiar with the proposed business, management, financial condition and affairs of the Corporation;

 

		(g)	it has full power, authority and legal capacity to execute and deliver this letter and any documents
contemplated herein or needed to consummate the transactions contemplated in this letter; and

 

		(h)	this letter constitutes a legal, valid and binding obligation, and is enforceable against it.

 

[signatures follow]

 

     

     

    

 

	 	Very truly yours,
	 	 	 
	 	CANTOR FITZGERALD & CO.
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

	Accepted and Agreed:	 
	 	 	 
	COLLECTIVE GROWTH CORPORATION	 
	 	 	 
	By:	 	 
	 	Name:	 
	 	Title:	 

 

 

 

[Signature Page to Cantor Subscription Agreement]Exhibit
10.6

 

________,
2020

 

Gentlemen:

 

Collective
Growth Corporation (“Corporation”), a blank check company formed for the purpose of acquiring one or more businesses
or entities (a “Business Combination”), intends to register its securities under the Securities Act of 1933, as amended
(“Securities Act”), in connection with its initial public offering (“IPO”). The Corporation currently
anticipates selling units in the IPO, each comprised of one share of Class A common stock, par value $0.0001 per share, of the
Corporation (“Common Stock”) and one-half of one warrant (“Warrant”), each whole Warrant to purchase one
share of Common Stock.

 

The
undersigned hereby commits to purchase an aggregate of _______ units of the Corporation (“Private Units”) at $10.00
per Private Unit and an aggregate of _____ warrants of the Corporation (“Private Warrants”) at $1.00 per Private Warrant
for an aggregate purchase price of $_____ (the “Purchase Price”). The Private Units and Private Warrants will be identical
to the units and warrants to be sold in the IPO except as described in the Corporation’s registration statement filed in
connection with the IPO (“Registration Statement”). At least 24 hours prior to the effective date (“Effective
Date”) of the Registration Statement, the undersigned will cause the Purchase Price to be delivered to Graubard Miller,
counsel for the Corporation (“Counsel”), by wire transfer as set forth in the instructions attached as Exhibit A hereto
to hold in a non-interest bearing account until the Corporation consummates the IPO. The undersigned agrees that if the size of
the IPO is increased or decreased for any reason, the amount of the undersigned’s investment will be either increased or
decreased, as applicable, so that the undersigned’s percentage of the aggregate investment in Private Units and Private
Warrants made by the undersigned and other investors of the Company remains the same. If the size of the offering is increased,
the undersigned agrees that it will deliver the purchase price for such additional Private Units and Private Warrants to Counsel
as set forth above or as promptly as is reasonably practicable following the increase if it is on the Effective Date. If the size
of the offering is decreased, the unused portion of the Purchase Price shall be returned to the undersigned.

 

The
consummation of the purchase and issuance of the Private Units and Private Warrants shall occur simultaneously with the consummation
of the IPO. Simultaneously with the consummation of the IPO, Counsel shall deposit the Purchase Price, without interest or deduction,
into the trust fund (“Trust Fund”) established by the Corporation for the benefit of the Corporation’s public
stockholders as described in the Registration Statement. If the Corporation does not complete the IPO within thirty (30) days
from the Effective Date, the Purchase Price (without interest or deduction) will be returned to the undersigned.

 

Each
of the Corporation and the undersigned acknowledges and agrees that Counsel is serving hereunder solely as a convenience to the
parties to facilitate the purchase of the Private Units and Private Warrants and Counsel’s sole obligation under this letter
agreement is to act with respect to holding and disbursing the Purchase Price for the Private Units and Private Warrants as described
above. Counsel shall not be liable to the Corporation or the undersigned or any other person or entity in respect of any act or
failure to act hereunder or otherwise in connection with performing its services hereunder unless Counsel has acted in a manner
constituting gross negligence or willful misconduct. The Corporation shall indemnify Counsel against any claim made against it
(including reasonable attorney’s fees) by reason of it acting or failing to act in connection with this letter agreement
except as a result of its gross negligence or willful misconduct. Counsel may rely and shall be protected in acting or refraining
from acting upon any written notice, instruction or request furnished to it hereunder and believed by it to be genuine and to
have been signed or presented by the proper party or parties.

  

The
Private Units and Private Warrants will be identical to the units and warrants to be sold by the Corporation in the IPO, except
that:

 

		●	the
                                         undersigned agrees to vote the shares of Common Stock included in the Private Units (“Private
                                         Shares”) in favor of any proposed Business Combination;

 

		●	the
                                         Private Warrants (i) will not be redeemable by the Corporation and (ii) may be exercised
                                         for cash or on a cashless basis, as described in the Registration Statement, in each
                                         case so long as they are held by the undersigned or any of its permitted transferees;

 

     

     

    

 

		●	the
                                         undersigned agrees not to seek conversion, or seek to sell such shares in any tender
                                         offer, in connection with any proposed Business Combination with respect to the Private
                                         Shares;

 

		●	the
                                         Private Units (and underlying securities) and Private Warrants will not be transferable
                                         by the undersigned until the consummation of a Business Combination (subject to certain
                                         exceptions as described in the Registration Statement and set forth in the warrant agreement
                                         governing the Private Warrants);

 

		●	the
                                         Private Units (and underlying securities) and Private Warrants will be subject to customary
                                         registration rights, pursuant to a registration rights agreement on terms agreed upon
                                         by the Corporation and the Underwriters to be filed as an exhibit to the Registration
                                         Statement;

 

		●	the
                                         undersigned will not participate in any liquidation distribution with respect to the
                                         Private Units or the underlying securities (but will participate in liquidation distributions
                                         with respect to any units or shares of Common Stock purchased by the undersigned in the
                                         IPO or in the open market after the IPO) if the Corporation fails to consummate a Business
                                         Combination; and

 

		●	the
                                         Private Units (and the underlying securities) and Private Warrants will include any additional
                                         terms or restrictions as is customary in other similarly structured blank check company
                                         offerings or as may be reasonably required by the Underwriters in order to consummate
                                         the IPO, which terms or restrictions will be described in the Registration Statement.

 

The
undersigned acknowledges and agrees that it will execute agreements in form and substance typical for transactions of this nature
necessary to effectuate the foregoing agreements and obligations prior to the consummation of the IPO as are reasonably acceptable
to the undersigned, including but not limited to (i) an insider letter and (ii) a registration rights agreement.

 

The
undersigned hereby represents and warrants that, as applicable:

 

		(a)	it
                                         has been advised that the Private Units (and the underlying securities) and Private Warrants
                                         have not been registered under the Securities Act;

 

		(b)	it
                                         is acquiring the Private Units (and the underlying securities) and Private Warrants for
                                         its account for investment purposes only;

 

		(c)	it
                                         has no present intention of selling or otherwise disposing of the Private Units (and
                                         the underlying securities) and Private Warrants in violation of the securities;

 

		(d)	it
                                         is an “accredited investor” as defined by Rule 501 of Regulation D promulgated
                                         under the Securities Act of 1933, as amended;

 

		(e)	it
                                         has had both the opportunity to ask questions and receive answers from the officers and
                                         directors of the Corporation and all persons acting on its behalf concerning the terms
                                         and conditions of the offer made hereunder;

 

		(f)	it
                                         is familiar with the proposed business, management, financial condition and affairs of
                                         the Corporation;

 

		(g)	it
                                         has full power, authority and legal capacity to execute and deliver this letter and any
                                         documents contemplated herein or needed to consummate the transactions contemplated in
                                         this letter; and

 

		(h)	this
                                         letter constitutes a legal, valid and binding obligation, and is enforceable against
                                         it.

 

[Signature
Page Follows]

 

     

     

    

 

	 	Very truly yours,
	 	 	 
	 	SHIPWRIGHT
    SPAC I, LLC
	 	 
	 	By:	Shipwright Partners, LLC, Managing Member
	 	 	 
	 	By:	               
	 		Name:
	 	 	Title:

 

	Accepted and Agreed:	 
	 	 	 
	COLLECTIVE
    GROWTH CORPORATION	 
	 	 	 
	By:	              	 
	 	Name: 	 
	 	Title: 	 
	 	 	 
	GRAUBARD
    MILLER	 
	(solely
    with respect to its obligations to hold
	and disburse monies for the Private
    Units)	 
	 	 	 
	By:	             	 
	 	Name:	 
	 	Title:	 

 

[Signature
Page to Sponsor Subscription Agreement]

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