Document:

Exhibit 10.5(1)

 

As of _________, 2019

 

Gentlemen:

 

Merida Merger Corp. I (“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 undersigned hereby commits to purchase an
aggregate of 500,000 warrants of the Corporation (“Initial Warrants”), each Initial Warrant to purchase one share of
common stock, par value $0.0001 per share, of the Corporation at $1.00 per Initial Warrant, for an aggregate purchase price of
$500,000 (the “Initial Purchase Price”). Additionally, if the underwriters in the IPO exercise their over-allotment
option in full or part, the undersigned further commits to purchase up to an additional 44,776 warrants (“Additional Warrants”
and together with the Initial Warrants, the “Private Warrants”) at $1.00 per Additional Warrant for an aggregate purchase
price of up to $44,776 (the “Over-Allotment Purchase Price” and together with the Initial Purchase Price, the “Purchase
Price”). At least 24 hours prior to the effective date (“Effective Date”) of the Corporation’s registration
statement filed in connection with the IPO (“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 to hold in a non-interest bearing account until the Corporation consummates the IPO.

 

The consummation of the purchase and issuance
of the Initial Warrants and Additional Warrants (if any) shall occur simultaneously with the consummation of the IPO and over-allotment
option, respectively. Simultaneously with the consummation of the IPO, Counsel shall deposit the Initial Purchase Price, without
interest or deduction, into the trust fund (“Trust Fund”) established by the Corporation for the benefit of the Corporation’s
public shareholders as described in the Registration Statement. Simultaneously with the consummation of all or any part of the
over-allotment option, Counsel shall deposit the pro-rata portion of the Over-Allotment Purchase Price, based upon the amount of
the over-allotment option that has been exercised, without interest or deduction, into the Trust Fund. Upon expiration of the over-allotment
option, Counsel shall return any unused portion of the Over-Allotment Purchase Price to the undersigned. If the Corporation does
not complete the IPO within fourteen (14) 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 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 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 and the undersigned, jointly
and severally, 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 Warrants will be identical to the
warrants included in the units to be sold by the Corporation in the IPO, except that:

 

		●	the Private Warrants will not be transferable (except to (i) the Corporation’s initial shareholders, officers, directors,
consultants or their affiliates, (ii) an initial shareholder’s members upon its liquidation, (iii) relatives and trusts for
estate planning purposes, (iv) by virtue of the laws of descent and distribution upon death, (v) pursuant to a qualified domestic
relations order, (vi) the Corporation for no value for cancellation in connection with the consummation of an initial Business
Combination, or (vii) in connection with the consummation of a Business Combination at prices no greater than the price at which
the Private Warrants were originally purchased, in each case (except for clause (vi) or with the Corporation’s prior consent)
where the transferee agrees to these transfer restrictions) until after the completion of a Business Combination;

 

		●	the Private Warrants (and underlying securities) will be subject to customary registration rights, which shall be described
in the Registration Statement;

 

		●	the Private Warrants will not be redeemable and will be exercisable on a cashless basis so long as they are held by the undersigned
or its permitted transferees; and

 

		●	the 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 the IPO in order to consummate the IPO, each of
which will be set forth in the Registration Statement.

 

    2

     

    

 

The Initial Warrants and Additional Warrants (and
underlying securities) are deemed compensation by FINRA and are therefore subject to a 180-day lock-up pursuant to Rule 5110(g)
of the FINRA Manual, commencing on the effective date of the Registration Statement. Pursuant to FINRA Rule 5110(g), these securities
will not be sold during the offering, or 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 the securities by any person for
a period of 180 days immediately following the effective date of the Registration Statement or commencement of sales of the public
offering, except to any underwriter and selected dealer participating in the offering and their bona fide officers or partners,
provided that all securities so transferred remain subject to the lockup restriction above for the remainder of the time period.

 

The undersigned hereby represents and warrants
that:

 

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

 

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

 

		(c)	it has no present intention of selling or otherwise disposing of the Private Warrants in violation of the securities laws of
the United States;

 

		(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 the legal, valid and binding obligation of the undersigned and is enforceable against it.

 

    3

     

    

 

	 	Very truly yours,
	 	 
	 	EARLYBIRDCAPITAL, INC.
	 	 
	 	By:	                            
	 	 	Name:
	 	 	Title:

 

Accepted and Agreed:

 

MERIDA MERGER CORP. i

 

	By:	 	 
	 	Name:	 
	 	Title:	 

 

Graubard miller

(solely with respect to its obligations to hold

and disburse monies for the Private Warrants)

 

	By:	           	 
	 	Name:	 
	 	Title:	 

 

 

4Exhibit 10.5(2)

 

As of _________, 2019

 

Gentlemen:

 

Merida Merger Corp. I (“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 undersigned hereby commits to purchase
an aggregate of _________ warrants of the Corporation (“Initial Warrants”), each Initial Warrant to purchase one share
of common stock, par value $0.0001 per share, of the Corporation at $1.00 per Initial Warrant, for an aggregate purchase price
of $_________ (the “Initial Purchase Price”). Additionally, if the underwriters in the IPO exercise their over-allotment
option in full or part, the undersigned further commits to purchase up to an additional ______ warrants (“Additional Warrants”
and together with the Initial Warrants, the “Private Warrants”) at $1.00 per Additional Warrant for an aggregate purchase
price of up to $________ (the “Over-Allotment Purchase Price” and together with the Initial Purchase Price, the “Purchase
Price”). At least 24 hours prior to the effective date (“Effective Date”) of the Corporation’s registration
statement filed in connection with the IPO (“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 to hold in a non-interest bearing account until the Corporation consummates the IPO.

 

The consummation of the purchase and issuance
of the Initial Warrants and Additional Warrants (if any) shall occur simultaneously with the consummation of the IPO and over-allotment
option, respectively. Simultaneously with the consummation of the IPO, Counsel shall deposit the Initial Purchase Price, without
interest or deduction, into the trust fund (“Trust Fund”) established by the Corporation for the benefit of the Corporation’s
public shareholders as described in the Registration Statement. Simultaneously with the consummation of all or any part of the
over-allotment option, Counsel shall deposit the pro-rata portion of the Over-Allotment Purchase Price, based upon the amount of
the over-allotment option that has been exercised, without interest or deduction, into the Trust Fund. Upon expiration of the over-allotment
option, Counsel shall return any unused portion of the Over-Allotment Purchase Price to the undersigned. If the Corporation does
not complete the IPO within fourteen (14) 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 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 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 and
the undersigned, jointly and severally, 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 Warrants will be identical to
the warrants included in the units to be sold by the Corporation in the IPO, except that:

 

		●	the Private Warrants will not be transferable (except to (i) the Corporation’s initial shareholders, officers, directors,
consultants or their affiliates, (ii) an initial shareholder’s members upon its liquidation, (iii) relatives and trusts for
estate planning purposes, (iv) by virtue of the laws of descent and distribution upon death, (v) pursuant to a qualified domestic
relations order, (vi) the Corporation for no value for cancellation in connection with the consummation of an initial Business
Combination, or (vii) in connection with the consummation of a Business Combination at prices no greater than the price at which
the Private Warrants were originally purchased, in each case (except for clause (vi) or with the Corporation’s prior consent)
where the transferee agrees to these transfer restrictions) until after the completion of a Business Combination;

 

		●	the Private Warrants (and underlying securities) will be subject to customary registration rights, which shall be described
in the Registration Statement;

 

		●	the Private Warrants will not be redeemable and will be exercisable on a cashless basis so long as they are held by the undersigned
or its permitted transferees; and

 

		●	the 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 the IPO in order to consummate the IPO, each of
which will be set forth in the Registration Statement.

 

The undersigned hereby represents and warrants
that:

 

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

 

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

 

		(c)	it has no present intention of selling or otherwise disposing of the Private Warrants in violation of the securities laws of
the United States;

 

		(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 the legal, valid and binding obligation of the undersigned and is enforceable against it.

 

    2

     

    

 

	 	Very truly yours,
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

	Accepted and Agreed:	 
	 	 
	MERIDA MERGER CORP. i	 
	 	 	 
	By:	 	 
	 	Name:	 
	 	Title:	 

 

Graubard miller

(solely with respect to its obligations to hold

and disburse monies for the Private Warrants)

 

	By:	 	 
	 	Name:	 
	 	Title:	 

 

    3

     

    

 

Exhibit A

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4

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