SEC Contract Filing

Filing Date: 2020-12-21

Document Content:
<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>9
<FILENAME>ea131951ex10-5_cornergrowth.htm
<DESCRIPTION>ADMINISTRATIVE SERVICES AGREEMENT BETWEEN THE COMPANY AND THE SPONSOR
<TEXT>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Exhibit 10.5</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CORNER
GROWTH ACQUISITION CORP.<BR>
<FONT STYLE="font-weight: normal">251 Lytton Avenue, Suite 200<BR>
Palo Alto, CA 94301</FONT></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">December
16, 2020</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CGA
Sponsor, LLC<BR>
251 Lytton Avenue, Suite 200</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Palo
Alto, CA 94301</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ladies
and Gentlemen:</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
letter will confirm our agreement that, commencing on the effective date (the &ldquo;<B><I>Effective Date</I></B>&rdquo;) of the
registration statement (the &ldquo;<B><I>Registration Statement</I></B>&rdquo;) for the initial public offering (the &ldquo;<B><I>IPO</I></B>&rdquo;)
of the securities of Corner Growth Acquisition Corp. (the &ldquo;<B><I>Company</I></B>&rdquo;) and continuing until the earlier
of (i) the consummation by the Company of an initial business combination and (ii) the Company&rsquo;s liquidation (in each case
as described in the Registration Statement) (such earlier date hereinafter referred to as the &ldquo;<B><I>Termination Date</I></B>&rdquo;),
CGA Sponsor, LLC (the &ldquo;<B><I>Sponsor</I></B>&rdquo;) shall take steps directly or indirectly to make available to the Company
certain office space, secretarial and administrative services as may be required by the Company from time to time, situated at
251 Lytton Avenue, Suite 200, Palo Alto, CA 94301 (or any successor location). In exchange therefor, the Company shall pay Sponsor
(A) a sum of $40,000 per month on the Effective Date and continuing monthly thereafter until the Termination Date, and (B) on
the Termination Date, an amount equal to $960,000 less any amounts previously paid by the Company to the Sponsor pursuant to this
letter agreement. Sponsor hereby agrees that it does not have any right, title, interest or claim of any kind (a &ldquo;<B><I>Claim</I></B>&rdquo;)
in or to any monies that may be set aside in a trust account (the &ldquo;<B><I>Trust Account</I></B>&rdquo;) that may be established
upon the consummation of the IPO and hereby irrevocably waives any Claim it may have in the future as a result of, or arising
out of, any negotiations, contracts or agreements with the Company and will not seek recourse against the Trust Account for any
reason whatsoever.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
letter agreement constitutes the entire agreement and understanding of the parties hereto in respect of its subject matter and
supersedes all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent
they relate in any way to the subject matter hereof or the transactions contemplated hereby.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
letter agreement may not be amended, modified or waived as to any particular provision, except by a written instrument executed
by the parties hereto.</FONT></P>

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