5:5a And God has prepared us for this very purpose

Now the one who has prepared us (incl.) for this very thing is God,
-or-
It is God himself who created us for this new existence/life.

5:5b and has given us the Spirit as a pledge of what is to come.

and has given to us the ⌊Holy⌋ Spirit as a pledge.
-or-
He has also given to us the ⌊Holy⌋ Spirit, which is like a first payment ⌊toward fulfilling all the promises of God⌋.

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