Exhibit 10.9


 


[●], 2021


 


Chardan NexTech Acquisition Corp.


17 State Street, 21st Floor

New York, NY 10004


 


Ladies and Gentlemen:


 


Chardan NexTech Acquisition
Corp. (the “Company”), 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”), pursuant to a registration statement on Form S-1
(“Registration Statement”).


 


The undersigned hereby
commits that it will purchase an aggregate of 7,500,000 warrants of the Company (“Private Warrants”), at a price of
$0.50 per warrant for an aggregate purchase price of $3,750,000 (the “Private Warrant Purchase Price”).


 


The consummation of
the purchase and issuance of the Private Warrants shall occur simultaneously with the consummation of the IPO. Simultaneously with
the consummation of the IPO, Continental shall deposit the Private Warrant Purchase Price, without interest or deduction, into
the trust fund (“Trust Fund”) established by the Company for the benefit of the Company’s public stockholders
as described in the Registration Statement.


 


Additionally, the undersigned
agrees:


 


	 	●	not to propose, or vote in favor of, an amendment to the Company’s Amended and Restated Certificate of Incorporation that would affect the substance or timing of the Company’s obligation to redeem 100% of the Company’s shares of Common Stock sold in the IPO if the Company does not complete an initial Business Combination within 24 months from the closing of the IPO, unless the Company provides the holders of shares of Common Stock sold in the IPO with the opportunity to redeem their shares of Common Stock upon approval of any such amendment at a per-share price, payable in cash, equal to the aggregate amount of the Trust Fund, including interest earned on Trust Fund and not previously released to the Company to pay the Company’s franchise and income taxes, divided by the number of then outstanding shares of Common Stock sold in the IPO;


 


	 	●	the undersigned will not participate in any liquidation distribution with respect to the Private Warrants (but will participate in liquidation distributions with respect to any units or Common Stock purchased by the undersigned in the IPO or in the open market) if the Company fails to consummate a Business Combination;


 


	 	●	that the Private Warrants and underlying securities will not be transferable until after the consummation of a Business Combination except (i) to the Company’s pre-IPO stockholders, or to the Company’s officers, directors, advisors and employees, (ii) transfers to the undersigned’s affiliates or its members upon its liquidation, (iii) to 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) by private sales at prices no greater than the price at which the Private Warrants were originally purchased or (vii) to the Company for cancellation in connection with the consummation of a Business Combination, in each case (except for clause vii) where the transferee agrees to the terms of the transfer restrictions; 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 acknowledges
and agrees that the purchaser of the Private Warrants 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 an insider letter.


 


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 will be 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 Company 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 Company;


 


(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
its legal, valid and binding obligation, and is enforceable against it.


 


This letter agreement
constitutes the entire agreement between the undersigned and the Company with respect to the purchase of the Private Warrants,
and supersedes all prior and contemporaneous understandings, agreements, representations and warranties, both written and oral,
with respect to the same.


 


	 	Very truly yours,
	 	 	 
	 	CHARDAN NEXTECH INVESTMENTS LLC
	 	 	 
	 	By:	 
	 	 	Name:  	Jonas Grossman
	 	 	Title: 	Managing Member


 


	Accepted and Agreed:	 
	 	 
	CHARDAN NEXTECH ACQUISITION CORP.	 
	 	 	 
	By:	 	 
	 	Name:  	Jonas Grossman	 
	 	Title: 	Chief Executive Officer