Document:

Exhibit 10.4

    

    

    PRIVATE PLACEMENT WARRANTS PURCHASE AGREEMENT

    

    

    THIS PRIVATE PLACEMENT WARRANTS PURCHASE AGREEMENT (as it may from time to time be amended and including all exhibits referenced herein, this “Agreement”), dated as of August 17, 2021, is entered into by and between AxonPrime Infrastructure Acquisition Corporation, a Delaware
      corporation (the “Company”), and AxonPrime Infrastructure Sponsor LLC, a Delaware limited liability company (the “Purchaser”).

    

    

    WHEREAS, the Company intends to consummate an initial public offering of the Company’s units (the “Public

        Offering”), each unit consisting of one share of Class A common stock of the Company, par value $0.0001 per share (each, a “Share”), and one-third of one redeemable warrant, each whole warrant entitling the holder to purchase one Share at an exercise price of $11.50 per Share, as set forth in the Company’s Registration Statement on Form S-1,
      filed with the U.S. Securities and Exchange Commission (the “SEC”), File Number 333-257777 under the Securities Act of 1933, as amended (the “Securities Act”).

    

    

    WHEREAS, the Purchaser has agreed to purchase an aggregate of 3,333,333 warrants (or up to 3,633,333 warrants if the Underwriter’s (as defined below)
      option to purchase additional units in connection with the Company’s initial public offering is exercised in full) (the “Private Placement Warrants”), each Private Placement Warrant entitling the holder to purchase one Share at an exercise price of $11.50 per Share, at a price of $1.50 per warrant, subject to adjustment.

    

    

    NOW THEREFORE, in consideration of the mutual promises contained in this Agreement and other good and valuable consideration, the receipt and
      sufficiency of which are hereby acknowledged, the parties to this Agreement hereby, intending legally to be bound, agree as follows:

    

    

    AGREEMENT

    

    

    Section 1. Authorization, Purchase and Sale; Terms of the Private Placement Warrants.

    

    

    A. Authorization of the Private Placement Warrants. The Company has duly authorized the issuance and sale of the Private Placement Warrants to
      the Purchaser.

    

    

    B. Purchase and Sale of the Private Placement Warrants.

    

    

    (i) On the date of the consummation of the Public Offering (the “Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, 3,333,333 Private Placement Warrants at a price of $1.50 per warrant for an aggregate
      purchase price of $5,000,000 (the “Purchase Price”). The Purchaser shall pay the Purchase Price by wire transfer of immediately
      available funds in the following amounts: (i) $2,000,000 to the Company at a financial institution to be chosen by the Company, and (ii) $3,000,000 to the trust account maintained by Computershare Trust Company, N.A., acting as trustee (the “Trust Account”), in each case in accordance with the Company’s wiring instructions, at least one (1) business day prior to the Closing
      Date. On the Closing Date, subject to the receipt of funds pursuant to the immediately prior sentence, the Company, at its option, shall deliver a certificate evidencing the Private Placement Warrants purchased on such date duly registered in the
      Purchaser’s name to the Purchaser or effect such delivery in book-entry form.

    

    

    (ii) On the date of any closing of the option to purchase additional units, if any, in connection with the Public Offering or on such earlier time and
      date as may be mutually agreed by the Purchaser and the Company (each such date, an “Option Closing Date”, and each Option Closing
      Date (if any) and the Public Offering Closing Date, a “Closing Date”), the Company shall
      issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, up to 300,000 Private Placement Warrants (or, to the extent the option to purchase additional units is not exercised in full, a lesser number of Private Placement
      Warrants in proportion to portion of the option that is exercised) at a price of $1.50 per Private Placement Warrant for an aggregate purchase price of up to $450,000 (the “Option Purchase Price”). The Purchaser shall pay the Option Purchase Price in accordance with the Company’s wire instruction by wire transfer of immediately available funds to the Trust Account, at least one (1)
      business day prior to any Option Closing Date. On each Option Closing Date (if any), subject to the receipt of funds pursuant to the immediately prior sentence, the Company shall, at its option, deliver a certificate evidencing the Private Placement
      Warrants purchased on such date duly registered in the Purchaser’s name to the Purchaser or effect such delivery in book-entry form.

    

    

    
      

      
        

      

    

    

    

    C. Terms of the Private Placement Warrants.

    

    

    (i) Each Private Placement Warrant shall have the terms set forth in a Warrant Agreement to be entered into by the Company and a warrant agent on the
      Closing Date, in connection with the Public Offering (the “Warrant Agreement”).

    

    

    (ii) On the Closing Date, the Company and the Purchaser shall enter into a registration and stockholder rights agreement (the “Registration and Stockholder Rights Agreement”) pursuant to which the Company will grant certain registration rights to the Purchaser relating to the
      Private Placement Warrants and the Shares underlying the Private Placement Warrants.

    

    

    Section 2. Representations and Warranties of the Company. As a material inducement to the Purchaser to enter into this Agreement
      and purchase the Private Placement Warrants, the Company hereby represents and warrants to the Purchaser (which representations and warranties shall survive the Closing Date) that:

    

    

    A. Incorporation and Corporate Power. The Company is a corporation duly incorporated, validly existing and in good standing under the laws of the State of Delaware and
      is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably be expected to have a material adverse effect on the financial condition, operating results or assets of the Company. The Company possesses all
      requisite corporate power and authority necessary to carry out the transactions contemplated by this Agreement and the Warrant Agreement.

    

    

    B. Authorization; No Breach.

    

    

    (i) The execution, delivery and performance of this Agreement and the Private Placement Warrants have been duly authorized by the Company as of the
      Closing Date. This Agreement constitutes the valid and binding obligation of the Company, enforceable in accordance with its terms, subject to bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other laws of general
      applicability relating to or affecting creditors’ rights and to general equitable principles (whether considered in a proceeding in equity or law). Upon issuance in accordance with, and payment pursuant to, the terms of the Warrant Agreement and this
      Agreement, the Private Placement Warrants will constitute valid and binding obligations of the Company, enforceable in accordance with their terms as of the Closing Date.

    

    

    (ii) The execution and delivery by the Company of this Agreement and the Private Placement Warrants, the issuance and sale of the Private Placement
      Warrants, the issuance of the Shares upon exercise of the Private Placement Warrants and the fulfillment of and compliance with the respective terms hereof and thereof by the Company, do not and will not as of the Closing Date (a) conflict with or
      result in a breach of the terms, conditions or provisions of, (b) constitute a default under, (c) result in the creation of any lien, security interest, charge or encumbrance upon the Company’s share capital or assets under, (d) result in a violation
      of, or (e) require any authorization, consent, approval, exemption or other action by or notice or declaration to, or filing with, any court or administrative or governmental body or agency pursuant to the amended and restated certificate of
      incorporation or the bylaws of the Company (in effect on the date hereof or as may be amended prior to completion of the Public Offering) or any material law, statute, rule or regulation to which the Company is subject, or any agreement, order,
      judgment or decree to which the Company is subject, except for any filings required after the date hereof under federal or state securities laws.

    

    

    
      

      
        

      

    

    

    

    C. Title to Securities. Upon issuance in accordance with, and payment pursuant to, the terms hereof and the Warrant Agreement, the Shares
      issuable upon exercise of the Private Placement Warrants will be duly and validly issued, fully paid and nonassessable. On the date of issuance of the Private Placement Warrants, the Shares issuable upon exercise of the Private Placement Warrants
      shall have been reserved for issuance. Upon issuance in accordance with, and payment pursuant to, the terms hereof and the Warrant Agreement, the Purchaser will have good title to the Private Placement Warrants purchased by it and the Shares issuable
      upon exercise of such Private Placement Warrants, free and clear of all liens, claims and encumbrances of any kind, other than (i) transfer restrictions hereunder and under the other agreements contemplated hereby, (ii) transfer restrictions under
      federal and state securities laws, and (iii) liens, claims or encumbrances imposed due to the actions of the Purchaser.

    

    

    D. Governmental Consents. No permit, consent, approval or authorization of, or declaration to or filing with, any governmental authority is
      required in connection with the execution, delivery and performance by the Company of this Agreement or the consummation by the Company of any other transactions contemplated hereby.

    

    

    E. Regulation D Qualification. Neither the Company nor, to its actual knowledge, any of its affiliates, members, officers, directors or
      beneficial stockholders of 20% or more of its outstanding securities, has experienced a disqualifying event as enumerated pursuant to Rule 506(d) of Regulation D under the Securities Act.

    

    

    Section 3. Representations and Warranties of the Purchaser. As a material inducement to the Company to enter into this Agreement
      and issue and sell the Private Placement Warrants to the Purchaser, the Purchaser hereby represents and warrants to the Company (which representations and warranties shall survive the Closing Date) that:

    

    

    A. Organization and Requisite Authority. The Purchaser possesses all requisite power and authority necessary to carry out the transactions contemplated by this
      Agreement.

    

    

    B. Authorization; No Breach.

    

    

    (i) This Agreement constitutes a valid and binding obligation of the
        Purchaser, enforceable in accordance with its terms, subject to bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other laws of general applicability relating to or affecting creditors’ rights and to general equitable
        principles (whether considered in a proceeding in equity or law).

    

    

    (ii) The execution and delivery by the Purchaser of this Agreement
        and the fulfillment of and compliance with the terms hereof by the Purchaser does not and shall not as of the Closing Date (a) conflict with or result in a breach by the Purchaser of the terms, conditions or provisions of, (b) constitute a default
        under, (c) result in the creation of any lien, security interest, charge or encumbrance upon the Purchaser’s equity or assets under, (d) result in a violation of, or (e) require authorization, consent, approval, exemption or other action by or
        notice or declaration to, or filing with, any court or administrative or governmental body or agency pursuant to the Purchaser’s organizational documents in effect on the date hereof or as may be amended prior to completion of the contemplated
        Public Offering, or any material law, statute, rule or regulation to which the Purchaser is subject, or any agreement, instrument, order, judgment or decree to which the Purchaser is subject, except for any filings required after the date hereof
        under federal or state securities laws.

    

    

    
      

      
        

      

    

    

    

    C. Investment Representations.

    

    

    (i) The Purchaser is acquiring the Private Placement Warrants and,
        upon exercise of the Private Placement Warrants, the Shares issuable upon such exercise (collectively, the “Securities”) for its
        own account, for investment purposes only and not with a view towards, or for resale in connection with, any public sale or distribution thereof.

    

    

    (ii) The Purchaser is an “accredited investor” as such term is defined in Rule 501(a)(3) of Regulation D, and the Purchaser has not experienced a disqualifying event as enumerated pursuant to Rule 506(d) of Regulation D under the Securities Act.

    

    

    (iii) The Purchaser understands that the Securities are being offered
        and will be sold to it in reliance on specific exemptions from the registration requirements of the United States federal and state securities laws and that the Company is relying upon the truth and accuracy of, and the Purchaser’s compliance with,
        the representations and warranties of the Purchaser set forth herein in order to determine the availability of such exemptions and the eligibility of the Purchaser to acquire such Securities.

    

    

    (iv) The Purchaser did not decide to enter into this Agreement as a
        result of any general solicitation or general advertising within the meaning of Rule 502(c) of Regulation D under the Securities Act.

    

    

    (v) The Purchaser has been furnished with all materials relating to
        the business, finances and operations of the Company and materials relating to the offer and sale of the Securities which have been requested by the Purchaser. The Purchaser has been afforded the opportunity to ask questions of the executive
        officers and directors of the Company. The Purchaser understands that its investment in the Securities involves a high degree of risk and it has sought such accounting, legal and tax advice as it has considered necessary to make an informed
        investment decision with respect to the acquisition of the Securities.

    

    

    (vi) The Purchaser understands that no United States federal or state
        agency or any other government or governmental agency has passed on or made any recommendation or endorsement of the Securities or the fairness or suitability of the investment in the Securities by the Purchaser nor have such authorities passed
        upon or endorsed the merits of the offering of the Securities.

    

    

    (vii) The Purchaser understands that: (a) the Securities have not
        been and are not being registered under the Securities Act or any state securities laws, and may not be offered for sale, sold, assigned or transferred unless (1) subsequently registered thereunder or (2) sold in reliance on an exemption therefrom;
        and (b) except as specifically set forth in the Registration and Stockholder Rights Agreement, neither the Company nor any other person is under any obligation to register the Securities under the Securities Act or any state securities laws or to
        comply with the terms and conditions of any exemption thereunder. In this regard, the Purchaser understands that the SEC has taken the position that promoters or affiliates of a blank check company and their transferees, both before and after an
        initial business combination, are deemed to be “underwriters” under the Securities Act when reselling the securities of a blank check company. Based on that position, Rule 144 adopted
        pursuant to the Securities Act would not be available for resale transactions of the Securities despite technical compliance with the requirements of such Rule, and the Securities can be resold only through a registered offering or in reliance upon
        another exemption from the registration requirements of the Securities Act.

    

    

    
      

      
        

      

    

    

    

    (viii) The Purchaser has such knowledge and experience in financial
        and business matters, knowledge of the high degree of risk associated with investments in the securities of companies in the development stage such as the Company, is capable of evaluating the merits and risks of an investment in the Securities and
        is able to bear the economic risk of an investment in the Securities in the amount contemplated hereunder for an indefinite period of time. The Purchaser has adequate means of providing for its current financial needs and contingencies and will
        have no current or anticipated future needs for liquidity which would be jeopardized by the investment in the Securities. The Purchaser can afford a complete loss of its investments in the Securities.

    

    

    (ix) The Purchaser understands that the Private Placement Warrants
        shall bear the legend substantially in the form set forth in the Warrant Agreement.

    

    

    Section 4. Conditions of the Purchaser’s Obligations. The obligations of the Purchaser to purchase and pay for the Private
      Placement Warrants are subject to the fulfillment, on or before the Closing Date, of each of the following conditions:

    

    

    A. Representations and Warranties. The representations
        and warranties of the Company contained in Section 2 shall be true and correct at and as of the Closing Date as though then made.

    

    

    B. Performance. The Company shall have performed and complied
        with all agreements, obligations and conditions contained in this Agreement that are required to be performed or complied with by it on or before the Closing Date.

    

    

    C. No Injunction. No litigation, statute, rule, regulation,
        executive order, decree, ruling or injunction shall have been enacted, entered, promulgated or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory organization having authority over the matters
        contemplated hereby, which prohibits the consummation of any of the transactions contemplated by this Agreement or the Warrant Agreement.

    

    

    D. Warrant Agreement and Registration and Stockholder Rights
          Agreement. The Company shall have entered into the Warrant Agreement, in the form of Exhibit A hereto, and the Registration and Stockholder Rights Agreement, in the form of Exhibit B hereto, in each case on terms satisfactory to the
        Purchaser.

    

    

    Section 5. Conditions of the Company’s Obligations. The obligations of the Company to the Purchaser under this Agreement are
      subject to the fulfillment, on or before the Closing Date, of each of the following conditions:

    

    

    A. Representations and Warranties. The representations and warranties of the Purchaser contained in Section 3 shall be true and correct at and
      as of the Closing Date as though then made.

    

    

    B. Performance. The Purchaser shall have performed and complied with all agreements, obligations and conditions contained in this Agreement
      that are required to be performed or complied with by the Purchaser on or before the Closing Date.

    

    

    C. Corporate Consents. The Company shall have obtained the consent of its Board of Directors authorizing the execution, delivery and
      performance of this Agreement and the Warrant Agreement and the issuance and sale of the Private Placement Warrants hereunder.

    

    

    D. No Injunction. No litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered,
      promulgated or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory organization having authority over the matters contemplated hereby, which prohibits the consummation of any of the transactions
      contemplated by this Agreement or the Warrant Agreement.

    

    

    E. Warrant Agreement. The Company shall have entered into the Warrant Agreement.

    

    

    
      

      
        

      

    

    

    

    Section 6. Miscellaneous.

    

    

    A. Successors and Assigns. Except as otherwise expressly
        provided herein, all covenants and agreements contained in this Agreement by or on behalf of any of the parties hereto shall bind and inure to the benefit of the respective successors of the parties hereto whether so expressed or not.
        Notwithstanding the foregoing or anything to the contrary herein, the parties may not assign this Agreement, other than assignments by the Purchaser to affiliates thereof (including, without limitation one or more of its members).

    

    

    B. Severability. Whenever possible, each provision of this
        Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be prohibited by or invalid under applicable law, such provision shall be ineffective only to the
        extent of such prohibition or invalidity, without invalidating the remainder of this Agreement.

    

    

    C. Counterparts. This Agreement may be executed simultaneously
        in two or more counterparts, none of which need contain the signatures of more than one party, but all such counterparts taken together shall constitute one and the same agreement. Signatures to this Agreement transmitted via facsimile or e-mail
        shall be valid and effective to bind the party so signing.

    

    

    D. Descriptive Headings; Interpretation. The descriptive
        headings of this Agreement are inserted for convenience only and do not constitute a substantive part of this Agreement. The use of the word “including” in this Agreement shall be by way of example rather than by limitation.

    

    

    E. Governing Law. This Agreement shall be deemed to be a
        contract made under the laws of the State of New York and for all purposes shall be construed in accordance with the internal laws of the State of New York, without giving effect to conflicts of law principles that would result in the application
        of the laws of another jurisdiction.

    

    

    F. Amendments. This Agreement may not be amended, modified or
        waived as to any particular provision, except by a written instrument executed by the parties hereto.

    

    

    [Signature page follows]

    

    

    
      

      
        

      

    

    

    

    IN WITNESS WHEREOF, the parties hereto have executed this Agreement.

    

    

    	 	
            COMPANY:

             

            AXONPRIME INFRASTRUCTURE ACQUISITION CORPORATION

          
	 	 
	 	
            By:

          	/s/ Jon Layman

          
	 	 	
            Name:

          	Jon Layman

          
	 	 	
            Title:

          	
            Chief Financial Officer and

            

            Chief Operating Officer

            

          

    

    

    	 	
            PURCHASER:

             

            AXONPRIME INFRASTRUCTURE SPONSOR LLC

          
	 	 
	 	
            By:

          	/s/ Jon Layman

          
	 	 	
            Name:

          	Jon Layman

          
	 	 	
            Title:

          	Authorized Person

          

    

    

    

    

    [SIGNATURE PAGE TO PRIVATE PLACEMENT WARRANTS PURCHASE AGREEMENT]

    
      

      
        

      

    

    EXHIBIT A

    

    

    Warrant Agreement

    

    

    
      

      
        

      

    

    EXHIBIT B

    

    

    Registration and Stockholder Rights AgreementExhibit 10.5

    

    

    AxonPrime Infrastructure Acquisition Corporation

    126 E 56th St., 30th Floor

    New York, New York 10022

     

    August 17, 2021

     

    AxonPrime Infrastructure Sponsor LLC

    126 E 56th St., 30th Floor

    New York, New York 10022

     

    Re: Administrative Services Agreement

     

    Ladies and Gentlemen:

     

    This letter agreement by and between AxonPrime Infrastructure Acquisition Corporation, a Delaware corporation (the “Company”), and AxonPrime Infrastructure
      Sponsor LLC, a Delaware limited liability company (the “Sponsor”), 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”) and continuing until the earlier of the consummation by the Company of an initial business combination and the Company’s liquidation (in each case as described in the
      Registration Statement on Form S-1 (File No. 333-257777) filed with the Securities and Exchange Commission) (such earlier date hereinafter referred to as the “Termination Date”):

     

    	 	
            1.

          	
            The Sponsor shall make available to the Company administrative and support services, including compliance services, as may be reasonably requested by the Company. In exchange therefor, the Company shall pay, on
              the first day of each month, to the Sponsor the sum of $10,000 per month commencing on the Listing Date and continuing monthly thereafter until the Termination Date; and

          

     

    	 	
            2.

          	
            The Sponsor hereby irrevocably waives any and all right, title, interest, causes of action and claims of any kind or nature whatsoever (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”), and hereby irrevocably waives any Claim it presently has or may have in the future as a result of, or arising out of, this letter agreement, 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 all 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, provided that the Sponsor may
      assign this letter agreement to an affiliate without the prior written approval of the Company. 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, 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 and
      construed in accordance with the laws of the State of New York.

     

    This letter agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original but all of which together shall constitute one and the same letter
      agreement.

     

    [Signature page follows]

    
      
        

    

     

    	 	
            Very truly yours,

             

            AXONPRIME INFRASTRUCTURE ACQUISITION CORPORATION

          
	 	
             

          
	 	
            By:  

            

          	/s/ Jon Layman

          
	 	
             

          	
            Name:  

            

          	Jon Layman

          
	 	
             

          	
            Title:  

            

          	
            Chief Financial Officer and

            

            Chief Operating Officer

            

          

     

    

    

    	
            AGREED TO AND ACCEPTED BY:

          	 
	
             

             

          	
             

          	
             

          	 
	
            AXONPRIME INFRASTRUCTURE SPONSOR LLC

          	 
	
             

          	
             

          	
             

          
	
            By:  

            

          	/s/ Jon Layman

          	 
	
             

          	
            Name:  

            

          	Jon Layman

          
	
             

          	
            Title:  

            

          	Authorized Person

          

     

    

    

    [Signature page to Administrative Services Agreement]

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