Document:

Exhibit 10.21

 

EdtechX Holdings Acquisition Corp.

c/o IBIS Capital Limited, 3rd Floor

22 Soho Square

London W1D 4NS

 

_________ __, 2018

 

[Azimut Purchaser Name and Address]

 

	 	Re:	Forward Purchase Contract

 

Ladies and Gentlemen:

 

We are pleased to accept the offer ______________ (the “Subscriber”
or “you”) has made to purchase up to an aggregate of __________ units (the “Units”) of EdtechX
Holdings Acquisition Corp., a Delaware corporation (the “Company”), each Unit comprised of shares and warrants
in the same proportions and amounts as the components of the units the Company will issue in its initial public offering (the “IPO”),
with the exact number of Units to be purchased by you being determined by the Company, in its sole discretion, based on the capital
needs of the Company in connection with the Business Combination (defined below). The number of Units being purchased hereunder
and the securities underlying such Units, collectively, are hereinafter referred to as the “Securities”. The
IPO is expected as of the date hereof to generate gross proceeds to the Company in the amount of between $50,000,000 and $75,000,000
(exclusive of the over-allotment option to be granted to the underwriters). The terms on which the Company is willing to sell the
Securities to the Subscriber, and the Company and the Subscriber’s agreements regarding such Securities, are set forth in
this agreement (this “Agreement”) and are as follows:

 

1. Purchase of the Securities. The purchase price
for the Securities (the “Purchase Price”) shall be $10.00 per Unit multiplied by the number of Units being purchased
hereunder, for up to an aggregate purchase price of $________. In exchange for the Purchase Price, the Company agrees to sell the
Securities to the Subscriber, and the Subscriber hereby agrees to purchase the Securities from the Company in a private placement,
subject to the terms and subject to the conditions set forth in this Agreement.

 

2. Right of First Refusal. In consideration for the execution
of this Agreement, Charles McIntyre and Benjamin Vedrenne-Cloquet (each a “Manager” and collectively the “Managers”)
agree that the Subscriber shall be offered a right of first refusal to participate on similar terms in the next similarly structured
blank check offering led by the Managers (a “Subsequent Offering”). The Managers will give the Subscriber at
least __ days advance notice of its intention to undertake a Subsequent Offering. If the Subscriber declines to participate in
such Subsequent Offering, or fails to respond to such notice within such __day period, the Managers shall be permitted to offer
to other third parties the right to participate in the Subsequent Offering in Subscriber’s place and Subscriber shall have
no further rights to participate in such Subsequent Offering.

 

3. Representations, Warranties and Agreements.

  

3.1 Subscriber’s Representations, Warranties and
Agreements. To induce the Company to issue the Securities to the Subscriber and the Managers to grant the Subscriber the right
to participate in a Subsequent Offering, the Subscriber hereby represents and warrants to the Company and the Managers and agrees
with the Company and Managers as follows:

 

3.1.1 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 Securities.

  

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

 

     

     

    

 

3.1.3 Organization and Authority. The Subscriber
is a ____________ [describe type of organization/jurisdiction], validly existing and in good standing under the laws of __________
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 is 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).

 

3.1.4 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 Securities
and (ii) able to bear the economic risk of its investment in the Securities for an indefinite period of time because the Securities
have not been registered under the Securities Act of 1933, as amended (“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 Securities are sold pursuant to: (i) an effective registration
statement under the Securities Act or (ii) an exemption from registration available with respect to such sale. Subscriber is able
to bear the economic risks of an investment in the Securities and to afford a complete loss of Subscriber’s investment in
the Securities.

 

3.1.5 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.

 

3.1.6 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 or state law.

 

3.1.7 Investment Purposes. The Subscriber is purchasing
the Securities solely for investment purposes and not with a view towards the further 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 under the Securities Act.

  

3.1.8 Restrictions on Transfer; Shell Company. Subscriber
understands the Securities are being offered in a transaction not involving a public offering within the meaning of the Securities
Act. Subscriber understands the Securities will be “restricted securities” within the meaning of Rule 144(a)(3) under
the Securities Act and Subscriber understands that any certificates representing the Securities will contain a legend in respect
of such restrictions. If in the future the Subscriber decides to offer, resell, pledge or otherwise transfer the Securities, such
securities 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 Securities 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 Securities.
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 Securities until one (1) year following consummation of the Business Combination, despite technical compliance
with the requirements of Rule 144 and the release or waiver of any contractual transfer restrictions.

 

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

 

3.2 Company’s Representations, Warranties and
Agreements. To induce the Subscriber to purchase the Securities, the Company hereby represents and warrants to the Subscriber
and agrees with the Subscriber as follows:

 

3.2.1 Organization and Corporate Power. The Company
is a Delaware corporation 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 of this Agreement, the Agreement will constitute 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).

 

3.2.2 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 Certificate of Incorporation or Bylaws 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
(iv) any agreement, order, judgment or decree to which the Company is subject.

 

3.2.3 Title to Securities. Upon issuance in accordance
with, and payment pursuant to, the terms hereof, the Securities will be duly and validly issued, fully paid and non-assessable.
Upon issuance in accordance with, and payment pursuant to, the terms hereof the Subscriber will have or receive good title to the
Securities, free and clear of all liens, claims and encumbrances of any kind, other than (a) transfer restrictions under federal
and state securities laws, and (b) liens, claims or encumbrances imposed due to the actions of the Subscriber.

 

3.2.4 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.

 

3.2.5 Authorization. All corporate action on the
part of the Company, its officers, directors and stockholders necessary for the authorization, execution and delivery of this Agreement,
the Securities, the performance of all obligations of the Company required pursuant thereto, and the authorization, issuance (or
reservation for issuance) of the Securities, has been taken. This Agreement constitutes a valid and legally binding obligation
of the Company, enforceable in accordance with their respective terms, subject to: (i) judicial principles limiting the availability
of specific performance, injunctive relief, and other equitable remedies and (ii) bankruptcy, insolvency, reorganization, moratorium
or other similar laws now or hereafter in effect generally relating to or affecting creditors’ rights.

 

3.2.6 No Governmental Consents. No governmental,
administrative or other third party consents or approvals are required, necessary or appropriate on the part of the Company in
connection with the transactions contemplated by this Agreement, other than the filing of a Form D with the Securities and
Exchange Commission and such state Blue Sky, FINRA and NASDAQ consents and approvals as may be required.

 

3.2.7 No General Solicitation.: No form of general
solicitation or general advertising within the meaning of Regulation D of the U.S. Securities Act (including, but not limited to,
advertisements, articles, notices or other communications published in any newspaper, magazine or similar medium or broadcast over
television or radio, or any seminar or meeting whose attendees have been invited by any general solicitation or general advertising)
was used by the Company or any of its representatives in connection with the offer and sale of the Securities.

 

3.2.8 No Brokers. No broker, finder or similar intermediary
has acted for or on behalf of the Company or any of its affiliates in connection with this Agreement or the transactions contemplated
hereby and no broker, finder, agent or similar intermediary is entitled to any broker’s, finder’s or similar fee or
other commission in connection therewith.

 

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3.3 Manager Representations, Warranties and Agreements.
To induce the Subscriber to purchase the Securities, each Manager hereby represents and warrants to the Subscriber and agrees with
the Subscriber as follows:

 

3.3.1 Binding Agreement. Upon execution and delivery
by the Manager of this Agreement, the Agreement will constitute a legal, valid and binding agreement of the Manager, enforceable
against the Manager 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).

 

3.3.2 No Conflicts. The execution, delivery and performance
of this Agreement and the consummation by the Manager of the transactions contemplated hereby do not violate, conflict with or
constitute a default under (i) any agreement, indenture or instrument to which the Manager is a party or (ii) any law, statute,
rule or regulation to which the Manager is subject, or (iii) any agreement, order, judgment or decree to which the Manager is subject.

 

4. Settlement Date and Delivery.

 

4.1 Closing of Purchase of Securities. The consummation
and settlement of the forward purchase contract for the purchase and sale of the Securities hereunder (the “Closing”)
shall be held at the same date and immediately prior to the closing of the Business Combination (the date of the Closing being
referred to as the “Closing Date”). No later than [five] business days prior to the Closing, the Company will
inform Subscriber of the exact number of Units it will be obligated to purchase hereunder (subject to a maximum of _______ Units).
At the Closing, the Company will issue to the Subscriber the Units being purchased hereunder, each registered in the name of the
Subscriber, against delivery of the Purchase Price in cash via wire transfer to an account specified in writing by the Company
no later than [three] business days prior to the Closing.

 

4.2 Conditions to Closing of the Company.

 

The Company’s obligations to sell and issue the Securities
at the Closing are subject to the fulfillment of the following conditions:

 

4.2.1 Representations and Warranties Correct. The
representations and warranties made by the Subscriber in Section 3 hereof shall be true and correct in all material respects when
made and shall be true and correct in all material respects on and as of the Closing Date and closing of the IPO, as the case may
be, (unless they specifically speak as of another date in which case they shall be true and correct in all material respects as
of such date) with the same force and effect as if they had been made on and as of said date.

 

4.2.2 Covenants. All covenants, agreements and conditions
contained in this Agreement to be performed by the Subscriber on or prior to the Closing Date shall have been performed or complied
with in all material respects.

 

4.2.3 Blue Sky. The Company shall have obtained
all necessary Blue Sky law permits and qualifications, or secured an exemption therefrom, required by any state for the offer and
sale of the Securities.

 

4.2.4 Ancillary Agreements. All Ancillary Agreements
(defined below) to be signed by Subscriber pursuant to hereto shall have been executed by Subscriber.

 

4.3 Conditions to Closing of the Subscriber.

 

The Subscriber’s obligation to purchase the Securities
at the Closing is subject to the fulfillment on or prior to the Closing Date of each of the following conditions:

 

4.3.1 Representations and Warranties Correct. The
representations and warranties made by the Company and Managers in Section 3 hereof shall be true and correct in all material respects
when made and shall be true and correct in all material respects on and as of the Closing Date and closing of the IPO, as the case
may be (unless they specifically speak as of another date in which case they shall be true and correct in all material respects
as of such date), with the same force and effect as if they had been made on and as of said date.

 

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4.3.2 Covenants. All covenants, agreements and conditions
contained in this Agreement to be performed by the Company and Managers on or prior to the Closing Date shall have been performed
or complied with in all material respects.

 

4.3.3 Blue Sky. The Company shall have obtained
all necessary Blue Sky law permits and qualifications, or secured an exemption therefrom, required by any state for the offer and
sale of the Securities.

 

4.3.4 Subscriber Consent. The Subscriber shall have
given irrevocable written consent (in its capacity as a party to this Agreement and not as a director or stockholder), which may
be given by e-mail, to the Company confirming its commitment to purchase the Securities (which it may withhold at its sole discretion),
which consent shall be withheld or granted no later than five (5) days after receipt of notification that the Board of Directors
of the Company will meet to consider entering into a definitive acquisition agreement for the Business Combination.

 

4.3.5 Registration Rights Agreement. The Company
and Subscriber shall have entered into a registration rights agreement (the “Registration Rights Agreement”),
as referenced in Section 5.2 and 6.2, in a form customary for transactions of the type contemplated hereby.

 

4.3.6 IPO Closing. The Company shall have consummated
the IPO.

 

4.3.7 Business Combination. The conditions to the
closing of the Business Combination, including the approval of the Company’s stockholders, if applicable, shall have been
satisfied or waived.

 

5. Terms of the Components of the Units.

 

5.1 The warrants included in the Securities will be substantially
identical to the warrants to be included in the units to be offered in the IPO as set forth in the Warrant Agreement to be entered
into with Continental Stock Transfer and Trust Company at or prior to the IPO (the “Warrant Agreement”), except
that the warrants: (i) will be non-redeemable so long as they are held by the Subscriber (or any of its permitted transferees),
and (ii) will be exercisable on a “cashless” basis if held by Subscriber or its permitted transferees.

 

5.2 The Units and their component parts will be substantially
identical to the units to be offered in the IPO except that the Units and component parts are being offered and sold pursuant to
an exemption from the registration requirements of the Securities Act and will become freely tradable only after they are registered
in accordance with the Registration Rights Agreement to be signed on or before the date of the Company’s registration statement
to be filed in connection with the IPO, as amended at the time it becomes effective (the “Registration Statement”).

 

6. Restrictions on Transfer.

 

6.1 Securities Law Restrictions. Subscriber hereby
agrees not to sell, transfer, pledge, hypothecate or otherwise dispose of all or any part of the Securities unless, prior thereto
(a) a registration statement on the appropriate form under the Securities Act and applicable state securities laws with respect
to the Securities proposed to be transferred shall then be effective or (b) the Company has received an opinion of counsel for
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 under all applicable state securities laws.
All certificates representing the Securities shall have endorsed thereon a legend substantially as follows:

 

“THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED
UNDER THE 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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6.2 Registration Rights. Subscriber acknowledges
that the Securities are being purchased or received, as the case may be, 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
the Registration Rights Agreement.

 

7. Other Agreements.

 

7.1 Further Assurances. Each of the Company, the
Subscriber and the Managers 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.

 

7.2 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 or overnight courier service, (ii) by facsimile and (iii) by electronic mail, in each case to the address, facsimile
number or email address as set forth on the signature page hereto. 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.

 

7.3 Entire Agreement. This Agreement, together with
those certain agreements to be entered into between the Subscriber (and/or its affiliates) and the Company in connection with the
IPO, including but not limited to an insider letter, a subscription agreement governing the purchase of shares and warrants of
the Company prior to and simultaneously with the closing of the IPO and Registration Rights Agreement (collectively, the “Ancillary
Agreements”), each substantially in the form to be filed as an exhibit to the Registration Statement, embodies the entire
agreement and understanding between the Subscriber, the Company and Managers 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.

 

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

  

7.5 Waivers and Consents. The terms and provisions
of this Agreement may be waived, or consent for the departure therefrom granted, only by 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.

 

7.6 Assignment. The rights and obligations under
this Agreement may not be assigned by any of the parties hereto without the prior written consent of the other parties; provided
that Subscriber may assign its rights and obligations to an affiliate without the prior consent of the other parties.

 

7.7 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.

 

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

 

7.9 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.

 

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7.10 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.

 

7.11 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.

 

7.12 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.

 

7.13 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.

 

7.14 Construction. 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.

 

7.15 Mutual Drafting. This Agreement is the joint
product of the Subscriber, the Company and the Managers 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.

  

8. Indemnification. Each party shall indemnify the
others against any reasonable loss, cost or damages (including reasonable attorney’s fees and expenses) incurred as a result
of such party’s breach of any representation, warranty, covenant or agreement in this Agreement.

  

9. Term. The Subscriber’s obligation to acquire
the Securities hereunder, and the Company’s obligation to sell the Securities hereunder, shall be in effect until the earlier
of (i) the consummation of the Business Combination within the time frame permitted by the Company’s amended and restated
certificate of incorporation (the “Charter”), which, as of the date hereof, is expected to be 24 months from
the consummation of the IPO, including any extensions beyond such term effected pursuant to the terms of the Charter, and (ii)
the liquidation of the Company in the event that the Company is unable to consummate the Business Combination within the time frame
permitted by the Charter (including any extensions).

 

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10. Disclosure. The Subscriber hereby acknowledges
that (i) the terms of this Agreement will be disclosed in the Registration Statement, (ii) this Agreement will be filed with the
Securities and Exchange Commission as an exhibit to the Registration Statement and (iii) the Company will disclose the terms of
this Agreement to potential IPO investors and to potential Business Combination targets.

 

11. Waiver of Claims Against Trust. The Subscriber
hereby acknowledges that it is aware that the Company will establish a trust account (the “Trust Account”) for
the benefit of its public stockholders upon the closing of the IPO. The Subscriber, for itself and its affiliates, hereby agrees
that it has no right, title, interest or claim of any kind in or to any monies held in the Trust Account, or any other asset of
the Company as a result of any liquidation of the Company, except for redemption and liquidation rights, if any, the Subscriber
may have in respect of any shares issued as part of the units sold in the IPO (“Public Shares”) held by the
Subscriber. The Subscriber hereby agrees that it shall have no right of set-off or any right, title, interest or claim of any kind
(“Claim”) to, or to any monies in, the Trust Account, and hereby irrevocably waives any Claim to, or to any
monies in, the Trust Account that it may have now or in the future, except for redemption and liquidation rights, if any, the Subscriber
may have in respect of any Public Shares held by the Subscriber. In the event the Subscriber has any Claim against the Company
under this Agreement, the Subscriber shall pursue such Claim solely against the Company and its assets outside the Trust Account
and not against the property or any monies in the Trust Account, except for redemption and liquidation rights, if any, the Subscriber
may have in respect of any Public Shares held by the Subscriber.

 

[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.

 

Accepted and agreed this __ day of __________, 2018.

 

	EDTECHX HOLDINGS ACQUISITION CORP.	 
	 	 	 
	By:	 	 
	Name:	 	 
	Title:	 	 
	Address:	 	 
	Facsimile:	 	 
	Email:	 	 
	 	 	 
	
        MANAGERS
	 
	 	 	 
	By:	 	 
	Name:	 Charles McIntyre	 
	Address:	 	 
	Facsimile:	 	 
	Email:	 	 
	 	 	 
	
        By:
	 	 
	Name:	 Benjamin Vedrenne-Cloquet	 
	Address:	 	 
	Facsimile:	 	 
	Email:	 	 
	
          
	 	 
	[SUBSCRIBER]	 
	 	 	 
	By:	 	 
	Name:	 	 
	Title:	 	 
	Address:	 	 
	Facsimile:	 	 
	Email:	 	 

 

    	 	9Exhibit 10.22

 

LOCK-UP AGREEMENT

 

 

__________, 2020

 

Meten EdtechX Education Group Ltd.

c/o Meten International Education Group

3rd Floor, Tower A, Tagen Knowledge &
Innovation Center

2nd Shenyun West Road, Nanshan District

Shenzhen, Guangdong Province 518045

The People’s Republic of China

  

Ladies and Gentlemen:

 

Reference is hereby
made to that certain Agreement and Plan of Reorganization (the “Merger Agreement”), dated as of December 12,
2019, by and among EdtechX Holdings Acquisition Corp. (“EdtechX”), Meten EdtechX Education Group Ltd. (“Holdco”),
Meten Education Inc., Meten Education Group Ltd., and Meten International Education Group. Capitalized terms used herein and not
otherwise defined shall have the meanings set forth in the Merger Agreement. In order to induce the parties to consummate the transactions
contemplated by the Merger Agreement, IBIS Capital Sponsor LLC, IBIS Capital Sponsor II, LLC, Azimut Enterprises S.r.l. (formerly
known as Azimut Enterprises Holdings S.r.l.), Cofircont Compagnia Fiduciaria S.r.l., Chardan Capital Markets, LLC, and I-Bankers
Securities, Inc. (each, a “Sponsor”) each agrees not to, either directly or indirectly, during the “Lock-Up
Period” (as hereinafter defined):

 

		(1)	sell or offer or contract to sell or offer, grant any option or warrant for the sale of, assign,
transfer, pledge, hypothecate, or otherwise encumber or dispose of (all being referred to as a “Transfer”) any
legal or beneficial interest in any Holdco Warrants issued in exchange for warrants of EdtechX held by such Sponsor in connection
with the Merger Agreement, except for (a) any Holdco Warrants underlying such Holdco Units received in exchange of units of EdtechX
purchased by Azimut Enterprises S.r.l. pursuant to that certain forward purchase agreement dated June 18, 2018 by and between EdtechX,
Azimut Enterprises S.r.l. (formerly known as Azimut Enterprises Holdings S.r.l.) and certain other parties thereto; and (b) any
Holdco Warrants underlying such Holdco Units purchasable pursuant to certain unit purchase options held by Chardan Capital Markets,
LLC and I-Bankers Securities, Inc. (such Holdco Warrants, collectively, the “Restricted Warrants”),

 

		(2)	enter into any swap or any other agreement or any transaction that transfers, in whole or in part,
directly or indirectly, the economic consequence of ownership of any of the Restricted Warrants, whether such swap transaction
is to be settled by delivery of any Restricted Warrants or other securities of any person, in cash or otherwise, or

 

		(3)	publicly disclose the intention to make any offer, sale, pledge or disposition, or to enter into
any transaction, swap, hedge or other arrangement relating to any of the Restricted Warrants.

 

     

     

    

 

As used herein, “Lock-Up Period”
means the period commencing on the Closing Date and ending (i) with respect to 50% of the Restricted Warrants, the earlier of (x)
six months after Closing Date and (y) the date on which the last sale price of the ordinary shares underlying the Restricted Warrants
equals or exceeds $12.50 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations) for any
20 trading days within any 30-trading day period commencing after the Closing Date and (ii) with respect to the remaining 50% of
the Restricted Warrants, six months after the Closing Date.

 

Notwithstanding the
foregoing limitations, this Lock-Up Agreement will not prevent any Transfer of any or all of the Restricted Warrants (1) among
the Sponsors; or (2) to a Permitted Transferee or with the prior written consent of Holdco; provided, however, that such permissive
transfers may be implemented only upon the respective transferee’s written agreement to be bound by the terms and conditions
of this Lock-Up Agreement. As used in this Lock-Up Agreement, the term “Permitted Transferee” of a Sponsor means
(x) the members of such Sponsor; (y) an entity in which (A) such Sponsor and/or its members beneficially own 100% of such entity’s
voting and non-voting equity securities, or (B) such Sponsor and/or its members are a general partner and in which such Sponsor
and/or its members beneficially own 100% of all capital accounts of such entity; and (z) if such Sponsor is an individual, a member
of the Immediate Family of such Sponsor or a revocable trust established by a member of such Sponsor during his or her lifetime
for the benefit of such person or for the exclusive benefit of such person’s Immediate Family. As used in this Agreement,
the term “Immediate Family” means a spouse, parent, lineal descendants, the spouse of any lineal descendant,
and brothers and sisters (or a trust, all of whose current beneficiaries are members of an Immediate Family of such Sponsor).

 

Nothing in this Lock-Up
Agreement shall prevent the establishment by the Sponsor of any contract, instruction or plan (a “Plan”) that
satisfies all of the requirements of Rule 10b5-1(c)(1)(i)(B) under the Securities Exchange Act of 1934, as amended; provided that
it shall be a condition to the establishment of any such Plan that no sales of Holdco’s equity securities shall be made pursuant
to such a plan prior to the expiration of the Lock-Up Period; and provided, further, such a Plan may only be established if no
public announcement of the establishment or the existence thereof, and no filing with the U.S. Securities and Exchange Commission
or any other regulatory authority shall be required or shall be made voluntarily by the undersigned, Holdco, or any other person,
prior to the expiration of the Lock-Up Period.

 

The Sponsor hereby
authorizes Holdco’s transfer agent to apply to any certificates representing Restricted Warrants the appropriate legend to
reflect the existence and general terms of this Lock-Up Agreement.

 

All disputes arising
under this Lock-Up Agreement shall be handled in accordance with Sections 11.7, 11.8 and 11.9 of the Merger Agreement.

 

EACH PARTY (ON BEHALF
OF ITSELF AND, TO THE FULLEST EXTENT PERMITTED BY LAW, ON BEHALF OF ITS EQUITY HOLDERS AND CREDITORS) HEREBY WAIVES ANY RIGHT TO
A TRIAL BY JURY IN RESPECT OF ANY CLAIM BASED UPON, ARISING OUT OF OR IN CONNECTION WITH THIS LOCK-UP AGREEMENT AND THE TRANSACTIONS
CONTEMPLATED BY THIS LOCK-UP AGREEMENT.

 

Each party agrees that
the prevailing party(ies) in any such action shall be entitled to recover from the other party(ies) all of its reasonable attorneys’
fees and expenses relating to such action or proceeding and/or incurred in connection with the preparation therefor.

 

This Lock-Up Agreement
will be legally binding on the undersigned and on the undersigned’s heirs, successors, executors, administrators, conservators
and permitted assigns, and is executed as an instrument governed by the law of the State of Delaware.

 

[Signature page follows]

 

    	 	2	 

     

    

 

	 	SPONSORS:
	 	 
	 	IBIS CAPITAL SPONSOR LLC
	 	 	 
	 	By:	           
	 	Name: 	Charles McIntyre
	 	Title: 	Managing Member

 

	 	IBIS CAPITAL SPONSOR II LLC
	 	 	 
	 	By:	             
	 	Name: 	Charles McIntyre
	 	Title: 	Managing Member

 

 

	 	AZIMUT ENTERPRISES S.R.L. (formerly known as Azimut Enterprises Holdings S.r.l.)
	 	 	 
	 	By:	               
	 	Name: 	 
	 	Title: 	 

  

	 	COFIRCONT COMPAGNIA FIDUCIARIA S.R.L.
	 	 	 
	 	By:	             
	 	Name: 	 
	 	Title: 	 

 

	 	CHARDAN CAPITAL MARKETS, LLC
	 	 	 
	 	By:	               
	 	Name: 	George Kaufman
	 	Title: 	Managing Director

 

 

	 	I-BANKERS SECURITIES, INC.
	 	 	 
	 	By:	            
	 	Name: 	Mike McCrory
	 	Title: 	Chief Executive Officer

  

	ACCEPTED AND AGREED TO:	 
	 	 
	METEN EDTECHX EDUCATION GROUP LTD.	 
	 	 	 
	By:	         	 
	Name: 	Yupeng Guo	 
	Title: 	Director	 

 

 

3

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