Exhibit 10.6


 


[●], 2021


 


SPK Acquisition Corp.

Room 368, 302 Buwei


211 Fute North Road,


China (Shanghai) Pilot Free Trade Zone, 200131


 


Ladies and Gentlemen:


 


SPK 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 205,000 units of the Company (“Placement Units”), each Placement Unit consisting of one
share of common stock of the Company, $0.0001 par value (the “Common Stock”) and one right to receive one-tenth of one
share of common stock upon the consummation of an initial Business Combination, at $10.00 per Placement Unit, for a purchase price
of $2,050,000 (the “Placement Unit Purchase Price”).


 


The undersigned hereby
agrees that it will purchase an additional amount of units of the Company (“Over-Allotment Units”), up to a maximum of
15,000 Over-Allotment Units, or a maximum purchase price of $150,000 (“Over-Allotment Unit Purchase Price”, together
with the Placement Unit Purchase Price, the “Purchase Price”), in the event that Chardan Capital Markets, LLC (the “Underwriter”)
exercises its over-allotment option, such that the amount held in the trust account (as described in the Registration Statement,
the “Trust Account”) does not fall below $10.00 per share for each share of Common Stock sold in the IPO.


 


At least twenty-four
(24) hours prior to the pricing of the IPO, the undersigned will cause the Purchase Price to be delivered to an escrow account
with Loeb & Loeb LLP (“Loeb”).


 


The consummation of
the purchase and issuance of the Placement Units shall occur simultaneously with the consummation of the IPO and the consummation
of the purchase and issuance of the Over-Allotment Units shall occur simultaneously with the closing of any exercise of the over-allotment
option related to the IPO. Simultaneously with or prior to the consummation of the IPO, Loeb shall deposit the Private Unit Purchase
Price, without interest or deduction, into the Trust Account.


 


Each of the Company,
and the undersigned acknowledges and agrees that Loeb is serving hereunder solely as a convenience to the parties to facilitate
the purchase of the Placement Units and Loeb’s sole obligation under this letter agreement is to act with respect to holding and
disbursing the Purchase Price for the Placement Units as described above. Loeb shall not be liable to the Company, the Underwriter
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 Loeb has acted in a manner constituting gross negligence or willful misconduct. The Company
and the undersigned shall indemnify Loeb 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.
Loeb 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 Units and Over-Allotment
Units will be identical to the units to be sold by the Company in the IPO. Additionally, the undersigned agrees:


 


	 	●	to vote the shares of Common Stock included in the Placement Units
and Over-Allotment Units in favor of any proposed Business Combination;  
	 	 	 
	 	●	not
to propose, or vote in favor of, an amendment to the Company’s Amended and Restated Certificate of Incorporation (the “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 9 months from the
closing of the IPO (or up to 15 months, as applicable), unless the Company provides the holders of shares of Common Stock underlying
the units 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 Account, including interest earned on Trust Account
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 underlying the units sold in the IPO;



 



    	 



    	 



    

 


	 	●	not to convert any shares
of Common Stock included in the Placement Units and Over-Allotment Units into the right to receive cash from the Trust Account
in connection with a shareholder vote to approve either a Business Combination or an amendment to the provisions of the Certificate
of Incorporation, and not to tender any shares of Common Stock included in the Placement Units and Over-Allotment Units in connection
with a tender offer conducted prior to the closing of a Business Combination;
	 	 	 
	 	●	that the undersigned
will not participate in any liquidation distribution with respect to the Placement Units and Over-Allotment Units or any underlying
securities (but will participate in liquidation distributions with respect to any units or shares of 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 Placement Units,
Over-Allotment Units and underlying securities will not be transferable until after the consummation of a Business Combination
except (i) to the Company’s pre-IPO shareholders, 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 made in connection with the consummation of a Business Combination at prices no greater than the
price at which the Placement Units 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 Placement Units
and Over-Allotment Units 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 Placement Units and Over-Allotment Units 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 Placement Units and Over-Allotment Units have not been registered under the Securities Act;



 


	 	(b)	it will be acquiring
the Placement Units and Over-Allotment Units for its account for investment purposes only;



 


	 	(c)	it has no present intention
of selling or otherwise disposing of the Placement Units and Over-Allotment Units 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; 




 


	 	(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.



 


[Signature Page Follows]


 



    	 



    	 



    

 


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


 


	 	Very truly yours,
	 	 	 
	 	SPK Acquisition LLC
	 	 	 
	 	By:	 
	 	Name:	Philip Chun-Hun Kwan
	 	Title:	Member



 


	Accepted and Agreed:	 
	 	 	 	 
	SPK ACQUISITION CORP.	 
	 	 	 	 
	By:	 	 
	 	Name:	Sophie Ye Tao	 
	 	Title:	Chief Executive Officer	 



 


Signature
Page to Private Placement Units Subscription Agreement