Document:

Exhibit
10.6

 

UNIT
SUBSCRIPTION AGREEMENT

 

This
UNIT SUBSCRIPTION AGREEMENT (this “Agreement”) is made as of the [   ] day of _______ 2021, by and between UTXO
Acquisition Inc., a Delaware corporation (the “Company”), having its principal place of business at 203 N LaSalle
ST, #2100, Chicago, IL 60601, and UTXO Vector LLC, a Delaware limited liability company (the “Subscriber”),
having its principal place of business at 203 N LaSalle ST, #2100, Chicago, IL 60601.

 

WHEREAS,
the Company desires to sell to the Subscriber on a private placement basis (the “Offering”) an aggregate of
305,000 units (the “Units”) of the Company, each Unit comprised of one share of Class A common stock of the
Company, par value $0.0001 per share (“Common Stock”), and one right to receive one-twentieth of one share
of Common Stock (“Right”), for a purchase price of $10.00 per Unit. The shares of Common Stock underlying the
Rights are hereinafter referred to as the “Right Shares”. The shares of Common Stock underlying the Units are
hereinafter referred to as the “Placement Shares.” The Rights underlying the Units are hereinafter referred
to as the “Placement Rights.” The Units, Placement Shares, Placement Rights and Right Shares, collectively,
are hereinafter referred to as the “Securities.”

 

WHEREAS,
the Subscriber wishes to purchase 305,000 Units, and the Company wishes to accept such subscription from Subscriber.

 

NOW,
THEREFORE, in consideration of the premises and the mutual covenants hereinafter set forth and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Company and Subscriber hereby agree as follows:

 

	 	1.	Agreement
    to Subscribe

 

	 	a.	Purchase
    and Issuance of the Units. Upon the terms and subject to the conditions of this Agreement, the Subscriber hereby agrees to
    purchase from the Company, and the Company hereby agrees to sell to the Subscriber, on the Closing Date (as defined below)
    the Units in consideration of the payment of the Purchase Price (as defined below). On the Closing Date, the Company shall,
    at its option, deliver to the Subscriber the certificates representing the Securities purchased or effect such delivery in
    book-entry form.

 

	 	b.	Purchase
    Price. As payment in full for the Units being purchased under this Agreement, the Subscriber shall pay $3,050,000 (the “Purchase
    Price”) by wire transfer of immediately available funds or by such other method as may be reasonably acceptable
    to the Company, to the trust account (the “Trust Account”) at a financial institution to be chosen by the
    Company, maintained by Continental Stock Transfer& Trust Company, acting as trustee (“Continental”),
    one (1) business day prior to the date of effectiveness of the Registration Statement.

 

In
addition to the foregoing, the Subscriber hereby conditionally agrees to purchase up to an additional 37,500 Units (collectively,
the “Additional Units”) at $10.00 per Additional Unit for a purchase price of $375,000 (the “Additional
Purchase Price” and together with the Initial Purchase Price, the “Purchase Price”), if, and only
if, and only to the extent that the underwriters’ 45-day over-allotment option (the “Over-Allotment Option”)
in the IPO (as defined below) is exercised in full or part. The total number of Additional Units to be purchased hereunder shall
be the number that is necessary to maintain the amount held in the Trust Account (as defined below) so that the amount does not
fall below $10.00 per share for each share of Common Stock sold in the IPO. Each purchase of Additional Units shall occur simultaneously
with the consummation of any portion of the Over-Allotment Option.

 

	 	c.	Closing.
    The closing of the purchase and sale of the Units shall take place simultaneously with the closing of the IPO (the “Closing
    Date”). The closing of the purchase and sale of the Units shall take place at the offices of Getech Law LLC, 203
    N LaSalle ST, #2100, Chicago, IL 60601, or such other place as may be agreed upon by the parties hereto.

 

     

     

    

 

	 	2.	Representations
    and Warranties of Subscriber

 

Subscriber
represents and warrants to the Company that:

 

	 	a.	No
    Government Recommendation or Approval. Subscriber understands that no federal or state agency has passed upon or made any
    recommendation or endorsement of the Company or the Offering of the Securities.

 

	 	b.	Accredited
    Investor. Subscriber represents that it is an “accredited investor” as such term is defined in Rule 501(a) of
    Regulation D under the Securities Act of 1933, as amended (the “Securities Act”), and acknowledges that
    the sale contemplated hereby is being made in reliance, among other things, on a private placement exemption to “accredited
    investors” under the Securities Act and similar exemptions under state law.

 

	 	c.	Intent.
    Subscriber is purchasing the Securities solely for investment purposes, for Subscriber’s own account (and/or for the
    account or benefit of its members or affiliates, as permitted, pursuant to the terms of an agreement (the “Insider
    Letter”) to be entered into with respect to the Securities between, among others, Subscriber and the Company, as
    described in the Registration Statement), and not with a view to the distribution thereof and Subscriber has no present arrangement
    to sell the Securities to or through any person or entity except as may be permitted under the Insider Letter. Subscriber
    shall not engage in hedging transactions with regard to the Securities unless in compliance with the Securities Act.

 

	 	d.	Restrictions
    on Transfer. Subscriber acknowledges and understands the Units are being offered in a transaction not involving a public offering
    in the United States within the meaning of the Securities Act. The Securities have not been registered under the Securities
    Act and, if in the future Subscriber decides to offer, resell, pledge or otherwise transfer the Securities, such Securities
    may be offered, resold, pledged or otherwise transferred only (A) pursuant to an effective registration statement filed under
    the Securities Act, (B) pursuant to an exemption from registration under Rule 144 promulgated under the Securities Act, if
    available, or (C) pursuant to any other available exemption from the registration requirements of the Securities Act, and
    in each case in accordance with any applicable securities laws of any state or any other jurisdiction. 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 with respect to such
    transfer. Absent registration or another available exemption from registration, Subscriber agrees it will not resell the Securities
    (unless otherwise permitted pursuant to the Insider Letter, as described in the Registration Statement). Subscriber further
    acknowledges that because the Company is a shell company, Rule 144 may not be available to Subscriber for the resale of the
    Securities until the one year anniversary following consummation of the initial Business Combination of the Company, despite
    technical compliance with the requirements of Rule 144 and the release or waiver of any contractual transfer restrictions.

 

	 	e.	Sophisticated
    Investor. Subscriber is sophisticated in financial matters and is able to evaluate the risks and benefits of the investment
    in the Securities. Subscriber is aware that an investment in the Securities is highly speculative and subject to substantial
    risks because, among other things, the Securities are subject to transfer restrictions and have not been registered under
    the Securities Act and therefore cannot be sold unless subsequently registered under the Securities Act or an exemption from
    such registration is available. Subscriber is able to bear the economic risk of its investment in the Securities for an indefinite
    period of time.

 

	 	f.	Independent
    Investigation. Prior to the execution of this Agreement, 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, it has relied solely on its own knowledge and understanding
    of the Company and its business based upon its own due diligence investigation and the information furnished pursuant to this
    paragraph.

 

	 	g.	Organization
    and Authority. Subscriber is a company, validly existing and in good standing under the laws of its jurisdiction and possesses
    all requisite power and authority necessary to carry out the transactions contemplated by this Agreement.

 

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

 

	 	i.	Reliance
    on Representations and Warranties. Subscriber understands the Units are being offered and sold to it in reliance on exemptions
    from the registration requirements under the Securities Act, and analogous provisions in the laws and regulations of various
    states, and that the Company is relying upon the truth and accuracy of the representations, warranties, agreements, acknowledgments
    and understandings of the Purchaser set forth in this Agreement in order to determine the applicability of such provisions.

 

	 	j.	No
    General Solicitation. Subscriber is not subscribing for the Units as a result of or subsequent to any general solicitation
    or general advertising, including but not limited to any advertisement, article, notice or other communication published in
    any newspaper, magazine, or similar media or broadcast over television or radio, or presented at any seminar or meeting or
    in a registration statement with respect to the IPO filed with the Securities and Exchange Commission (“SEC”).

 

    2

     

    

 

	 	k.	Legend.
    Subscriber acknowledges and agrees the certificates evidencing each of the Securities shall bear a restrictive legend (the
    “Legend”), in form and substance substantially as set forth in Section 4 hereof.

 

	 	3.	Representations,
    Warranties and Covenants of the Company

 

The
Company represents and warrants to, and agrees with, Subscriber that:

 

	 	a.	Valid
    Issuance of Capital Stock. The total number of shares of all classes of capital stock which the Company has authority to issue
    is 15,000,000 shares of Class A Common Stock, 3,000,000 shares of Class B Common Stock, $0.0001 par value per share (the “Class
    B Common Stock”), and 1,000,000 shares of preferred stock, $0.0001 par value per share (“Preferred Stock”).
    As of the date hereof, the Company has issued and outstanding 1,437,500 shares of Class B Common Stock (of which up to 187,500
    shares are subject to forfeiture as described in the Registration Statement), no shares of Class A Common Stock and no shares
    of Preferred Stock. All of the issued shares of capital stock of the Company have been duly authorized, validly issued, and
    are fully paid and non-assessable.

 

	 	b.	Title
    to Securities. Upon issuance in accordance with, and payment pursuant to, the rights agreement to be entered into with CST
    on or prior to the closing of the IPO (the “Rights Agreement”), as the case may be, each of the
    Units, Placement Shares, Placement Rights and Right Shares will be duly and validly issued, fully paid and non- assessable.
    Upon issuance in accordance with the terms hereof and the  Rights Agreement, Subscriber will have or receive good title
    to the Right Shares, free and clear of all liens, claims and encumbrances of any kind other than (i) transfer restrictions
    hereunder and pursuant to the insider letter to be entered into on or prior to the closing of the IPO (the “Insider
    Letter”) and (ii) transfer restrictions under federal and state securities laws.

 

	 	c.	Organization
    and Qualification. The Company is a corporation duly incorporated, validly existing and in good standing under the laws of
    the State of Delaware and has the requisite corporate power to own its properties and assets and to carry on its business
    as now being conducted.

 

	 	d.	Authorization;
    Enforcement. (i) The Company has the requisite corporate power and authority to enter into and perform its obligations under
    this Agreement and to issue the Securities in accordance with the terms hereof, (ii) the execution, delivery and performance
    of this Agreement by the Company and the consummation by it of the transactions contemplated hereby have been duly authorized
    by all necessary corporate action, and no further consent or authorization of the Company or its Board of Directors or stockholders
    is required, and (iii) this Agreement constitutes valid and binding obligations 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, moratorium, reorganization, or similar laws relating to, or affecting generally the enforcement of, creditors’
    rights and remedies or by equitable principles of general application and except as enforcement of rights to indemnity and
    contribution may be limited by federal and state securities laws or principles of public policy.

 

	 	e.	No
    Conflicts. The execution, delivery and performance of this Agreement and the consummation by the Company of the transactions
    contemplated hereby do not (i) result in a violation of the Company’s certificate of incorporation or by-laws, (ii)
    conflict with, or constitute a default under any agreement or instrument to which the Company is a party or (iii) any law
    statute, rule or regulation to which the Company is subject or any agreement, order, judgment or decree to which the Company
    is subject. Other than any SEC or state securities filings which may be required to be made by the Company subsequent to the
    Closing, and any registration statement which may be filed pursuant thereto, the Company is not required under federal, state
    or local law, rule or regulation to obtain any consent, authorization or order of, or make any filing or registration with,
    any court or governmental agency or self- regulatory entity in order for it to perform any of its obligations under this Agreement
    or issue the Units, Placement Shares, Placement Rights or Right Shares in accordance with the terms hereof.

 

	 	4.	Legends

 

	 	a.	Legend.
    The Company will issue the Units, Placement Shares, Placement Rights and when issued and Right Shares, purchased by the Subscriber
    in the name of the Subscriber. The Securities will bear the following Legend and appropriate “stop transfer” instructions:

 

“THE
SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”),
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 THE SECURITIES ACT OR SUCH LAWS OR AN EXEMPTION
FROM REGISTRATION UNDER THE SECURITIES ACT AND SUCH LAWS WHICH, IN THE OPINION OF COUNSEL FOR THIS CORPORATION, IS AVAILABLE.”

 

    3

     

    

 

“THE
SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO LOCKUP PURSUANT TO AN INSIDER LETTER BETWEEN, AMONG OTHERS, UTXO ACQUISITION
INC. AND UTXO VECTOR LLC AND MAY ONLY BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED DURING THE TERM OF THE LOCKUP
PURSUANT TO THE TERMS SET FORTH IN THE INSIDER LETTER.”

 

	 	b.	Subscriber’s
    Compliance. Nothing in this Section 4 shall affect in any way Subscriber’s obligations and agreements to comply with
    all applicable securities laws upon resale of the Securities.

 

	 	c.	Company’s
    Refusal to Register Transfer of the Securities. The Company shall refuse to register any transfer of the Securities, if in
    the sole judgment of the Company such purported transfer would not be made (i) pursuant to an effective registration statement
    filed under the Securities Act, or pursuant to an available exemption from the registration requirements of the Securities
    Act and (ii) in compliance herewith and with the Insider Letter.

 

	 	d.	Registration
    Rights. The Subscriber will be entitled to certain registration rights which will be governed by a registration rights agreement
    (“Registration Rights Agreement”) to be entered into between, among others, the Subscriber and the Company,
    on or prior to the effective date of the Registration Statement.

 

	 	5.	Waiver
    of Liquidation Distributions.

 

In
connection with the Securities purchased pursuant to this Agreement, Subscriber hereby waives any and all right, title, interest
or claim of any kind in or to any distributions of the amounts in the Trust Account with respect to the Securities, whether (i)
in connection with the exercise of redemption rights if the Company consummates the Business Combination, (ii) in connection with
any tender offer conducted by the Company prior to a Business Combination, (iii) upon the Company’s redemption of shares
of Common Stock sold in the Company’s IPO upon the Company’s failure to timely complete the Business Combination or
(iv) in connection with a stockholder vote to approve an amendment to the Company’s amended and restated certificate of
incorporation (A) to modify the substance or timing of the Company’s obligation to redeem 100% of the Company’s public
shares if the Company does not timely complete the Business Combination or (B) with respect to any other provision relating to
stockholders’ rights or pre-Business Combination activity. In the event a Subscriber purchases shares of Common Stock in
the IPO or in the aftermarket, any additional shares so purchased shall be eligible to receive the redemption value of such shares
of Common Stock upon the same terms offered to all other purchasers of Common Stock in the IPO in the event the Company fails
to consummate the Business Combination.

 

	 	6.	Terms
    of the Units

 

	 	a.	The
    Units and their component parts are substantially identical to the units to be offered in the IPO except that: (i) the Units
    and component parts will be subject to transfer restrictions described in the Insider Letter,  (ii) the Units and component
    parts are being purchased pursuant to an exemption from the registration requirements of the Securities Act and will become
    freely tradable only after the expiration of the lockup described above in clause (i) and they are registered pursuant to
    the Registration Rights Agreement to be signed on or before the date of the Prospectus or an exemption from registration is
    available.

 

	 	b.	Subscriber
    agrees to vote the Placement Shares in accordance with the terms of the Insider Letter and as otherwise described in the Registration
    Statement.

 

	 	7.	Governing
    Law; Jurisdiction; Waiver of Jury Trial

 

This
Agreement shall be governed by and construed in accordance with the laws of the State of Delaware for agreements made and to be
wholly performed within such state. The parties hereto hereby waive any right to a jury trial in connection with any litigation
pursuant to this Agreement and the transactions contemplated hereby.

 

	 	8.	Assignment;
    Entire Agreement; Amendment

 

	 	a.	Assignment.
    Neither this Agreement nor any rights hereunder may be assigned by any party to any other person other than by a Subscriber
    to a person agreeing to be bound by the terms hereof.

 

	 	b.	Entire
    Agreement. This Agreement sets forth the entire agreement and understanding between the parties as to the subject matter thereof
    and merges and supersedes all prior discussions, agreements and understandings of any and every nature among them.

 

    4

     

    

 

	 	c.	Amendment.
    Except as expressly provided in this Agreement, neither this Agreement nor any term hereof may be amended, waived, discharged
    or terminated other than by a written instrument signed by all of the parties hereto.

 

	 	d.	Binding
    upon Successors. This Agreement shall be binding upon and inure to the benefit of the parties hereto and to their respective
    heirs, legal representatives, successors and permitted assigns.

 

	 	9.	Notices

 

Unless
otherwise provided herein, any notice or other communication to a party hereunder shall be sufficiently given if in writing and
personally delivered or sent by facsimile or other electronic transmission with copy sent in another manner herein provided or
sent by courier (which for all purposes of this Agreement shall include Federal Express or other recognized overnight courier)
or mailed to said party by certified mail, return receipt requested, at its address provided for herein or such other address
as either may designate for itself in such notice to the other. Communications shall be deemed to have been received when delivered
personally, on the scheduled arrival date when sent by next day or 2nd-day courier service, or if sent by facsimile upon receipt
of confirmation of transmittal or, if sent by mail, then three days after deposit in the mail. If given by electronic transmission,
such notice shall be deemed to be delivered (a) if by electronic mail, when directed to an electronic mail address at which the
stockholder has consented to receive notice; (b) if by a posting on an electronic network together with separate notice to the
stockholder of such specific posting, upon the later of (1) such posting and (2) the giving of such separate notice; and (c) if
by any other form of electronic transmission, when directed to the stockholder.

 

	 	10.	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
by e-mail delivery of a “pdf” format data file, 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 facsimile or “.pdf”
signature page were an original thereof.

 

	 	11.	Survival;
    Severability

 

	 	a.	Survival.
    The representations, warranties, covenants and agreements of the parties hereto shall survive the Closing Date.

 

	 	b.	Severability.
    In the event that any provision of this Agreement becomes or is declared by a court of competent jurisdiction to be illegal,
    unenforceable or void, this Agreement shall continue in full force and effect without said provision; provided that no such
    severability shall be effective if it materially changes the economic benefit of this Agreement to any party.

 

	 	12.	Headings.

 

The
titles and subtitles used in this Agreement are used for convenience only and are not to be considered in construing or interpreting
this Agreement.

 

[remainder
of page intentionally left blank]

 

    5

     

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement to be effective as of the date first set forth above.

 

	 	COMPANY:
	 	 
	 	UTXO
    Acquisition Inc.
	 	 
	 	By:	 
	 	 	Name:  	Wei
    Huang
	 	 	Title:	Chief
    Executive Officer

 

	 	SUBSCRIBER:
	 	 
	 	UTX
    Vector LLC
	 	 
	 	By:	 
	 	 	Name:  	Wei
    Huang
	 	 	Title:	Managing
    Member

 

 

6Exhibit 10.8

 

UTXO Acquisition Inc.

203 N LaSalle ST, #2100

Chicago, IL 60601

 

March XX, 2021

 

UTXO
Vector LLC

203 N LaSalle ST #2100

Chicago, IL60601

 

		Re:	Administrative Support Agreement Ladies and Gentlemen:

 

This letter agreement by and
between UTXO Acquisition Inc. (the “Company”) and UTXO Vector LLC (“UTXO Vector”), dated as of the date hereof,
will confirm our agreement that, commencing on the date the securities of the Company are first listed on The Nasdaq Capital Market (the
“Listing Date”), pursuant to a Registration Statement on Form S-1 and prospectus filed with the U.S. Securities and Exchange
Commission (the “Registration Statement”) and continuing until the earlier of the consummation by the Company of an initial
business combination or the Company’s liquidation (in each case as described in the Registration Statement) (such earlier date
hereinafter referred to as the “Termination Date”):

 

(i) UTXO
Vector shall make available, or cause to be made available, to the Company, at 203 N LaSalle ST, #2100, Chicago, IL 60601 (or any subsequent
location of UTXO Vector), certain office space, utilities and secretarial and administrative support as may be reasonably required by
the Company. In exchange therefor, the Company shall pay UTXO Vector the sum of $15,000 on the Listing Date and until the Termination
Date; and

 

(ii)  UTXO
Vector hereby irrevocably waives any and all right, title, interest, causes of action and claims of any kind as a result of, or arising
out of, this letter agreement (each, a “Claim”) in or to, and any and all right to seek payment of any amounts due to it out
of, the trust account established for the benefit of the public stockholders of the Company and into which substantially all of the proceeds
of the Company’s initial public offering will be deposited (the “Trust Account”) as a result of, or arising out of,
this letter agreement, and hereby irrevocably waives any Claim it may have in the future, which Claim would reduce, encumber or otherwise
adversely affect the Trust Account or any monies or other assets in the Trust Account, and further agrees not to seek recourse, reimbursement,
payment or satisfaction of any Claim against the Trust Account or any monies or other assets in the Trust Account for any reason whatsoever.

 

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.

 

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.

 

No party hereto
may assign either this letter agreement or any of its rights, interests, or obligations hereunder without the prior written approval of
the other party. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer
or assign any interest or title to the purported assignee.

 

This letter
agreement constitutes the entire relationship of the parties hereto, and any litigation between the parties (whether grounded in contract,
tort, statute, law or equity) shall be governed by, construed in accordance with, and interpreted pursuant to the laws of the State of
Delaware, without giving effect to its choice of law principles.

 

[Signature Page Follows]

 

     

     

    

 

	 	Very truly yours,
	 	 
	 	UTXO Acquisition Inc.
	 	 
	 	By:	 
	 	 	Name:	 Wei Huang
	 	 	Title:	Chief Executive Officer

 

	AGREED TO AND ACCEPTED BY:	 
	UTXO Vector LLC	 
	 	 
	By:	 	 
	 	Name:	Wei Huang	 
	 	Title:	Chief Executive Officer	 

 

[Signature Page to Administrative Service Agreement]

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