Document:

Exhibit 10.5

 

PRIVATE PLACEMENT
UNITS PURCHASE AGREEMENT

 

This PRIVATE PLACEMENT UNITS PURCHASE AGREEMENT
(this “Agreement”) is made as of the 18th day of February 2021, by and between CF Acquisition Corp. VI, a Delaware
corporation (the “Company”), and CFAC Holdings VI, LLC, a Delaware limited liability company (the “Subscriber”),
with a principal place of business at 110 East 59th Street, New York, NY 10022.

 

WHEREAS, the Company desires to sell to
Subscriber on a private placement basis (the “Offering”) an aggregate of 700,000 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-fourth of one warrant to purchase one share of Common Stock (“Warrant”), for a purchase
price of $7,000,000, or $10.00 per Unit. The shares of Common Stock underlying the Warrants are hereinafter referred to as the
“Warrant Shares”. The shares of Common Stock underlying the Units (excluding the Warrant Shares) are hereinafter
referred to as the “Placement Shares.” The Warrants underlying the Units are hereinafter referred to as the “Placement
Warrants.” The Units, Placement Shares, Placement Warrants and Warrant Shares, collectively, are hereinafter referred
to as the “Securities.” Each Placement Warrant is exercisable to purchase one share of Common Stock at an exercise
price of $11.50 per share during the period commencing on the later of (i) twelve (12) months from the date of the closing of the
Company’s initial public offering of units (the “IPO”) and (ii) 30 days following the consummation of the Company’s
initial business combination (the “Business Combination”), as such term is defined in the registration statement
in connection with the IPO, as amended at the time it becomes effective (the “Registration Statement”), and expiring
on the fifth anniversary of the consummation of the Business Combination; and

 

WHEREAS, Subscriber wishes to purchase 700,000
Units for a purchase price of $7,000,000 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

 

1.1. Purchase and Issuance of the Units.
Upon the terms and subject to the conditions of this Agreement, Subscriber hereby agrees to purchase from the Company, and the
Company hereby agrees to sell to 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 deliver (via book entry) to Subscriber the Securities
purchased.

 

1.2. Purchase Price. As payment in full
for the Units being purchased under this Agreement, Subscriber shall pay an aggregate of $7,000,000 (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”), no later than the Closing Date (as defined
below).

 

1.3. 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 Ellenoff Grossman & Schole LLP, 1345 Avenue of the
Americas, 11th Floor, New York, New York, 10105, or such other place as may be agreed upon by the parties hereto.

 

1.4 Termination. This Agreement and each
of the obligations of the undersigned shall be null and void and without effect if the IPO does not close prior to September 30,
2021.

 

2. Representations and Warranties of
Subscriber

 

Subscriber represents and warrants to the
Company that:

 

2.1. 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.

 

2.2. 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.

 

    

     

    

 

2.3. 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.

 

2.4. 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. Notwithstanding the foregoing, Subscriber acknowledges and understands
the Securities are subject to transfer restrictions as described in Section 8 hereof. 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 Business Combination of the Company, despite technical compliance with the requirements of Rule 144
and the release or waiver of any contractual transfer restrictions.

 

2.5. Sophisticated Investor.

 

(i) Subscriber is sophisticated in financial
matters and is able to evaluate the risks and benefits of the investment in the Securities.

 

(ii) 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.

 

2.6. Independent Investigation. Subscriber,
in making the decision to purchase the Units, has relied upon an independent investigation of the Company and has not relied upon
any information or representations made by any third parties or upon any oral or written representations or assurances from the
Company, its officers, directors or employees or any other representatives or agents of the Company, other than as set forth in
this Agreement. Subscriber is familiar with the business, operations and financial condition of the Company and has had an opportunity
to ask questions of, and receive answers from the Company’s officers and directors concerning the Company and the terms and conditions
of the offering of the Units and has had full access to such other information concerning the Company as Subscriber has requested.
Subscriber confirms that all documents that it has requested have been made available and that Subscriber has been supplied with
all of the additional information concerning this investment which Subscriber has requested.

 

2.7 Organization and Authority. Subscriber
is duly organized, validly existing and in good standing under the laws of the State of Delaware and it possesses all requisite
power and authority necessary to carry out the transactions contemplated by this Agreement.

 

2.8. Authority. This Agreement has been
validly authorized, executed and delivered by Subscriber and is a valid and binding agreement enforceable in accordance with its
terms, subject to the general principles of equity and to bankruptcy or other laws affecting the enforcement of creditors’ rights
generally.

 

2.9. 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.

 

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2.10. No Legal Advice from Company. Subscriber
acknowledges it has had the opportunity to review this Agreement and the transactions contemplated by this Agreement and the other
agreements entered into between the parties hereto with Subscriber’s own legal counsel and investment and tax advisors. Except
for any statements or representations of the Company made in this Agreement and the other agreements entered into between the parties
hereto, Subscriber is relying solely on such counsel and advisors and not on any statements or representations of the Company or
any of its representatives or agents for legal, tax or investment advice with respect to this investment, the transactions contemplated
by this Agreement or the securities laws of any jurisdiction.

 

2.11. Reliance on Representations and Warranties.
Subscriber understands the Units are being offered and sold to Subscriber 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 Subscriber set
forth in this Agreement in order to determine the applicability of such provisions.

 

2.12. 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”).

 

2.13. 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:

 

3.1. Valid Issuance of Capital Stock. The
total number of shares of all classes of capital stock which the Company has authority to issue is 201,000,000 shares of common
stock, including 160,000,000 shares of Common Stock and 40,000,000 shares of Class B common stock, $0.0001 par value per share
(“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 8,625,000 shares of Class B Common Stock (of which
up to 1,125,000 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.

 

3.2 Title to Securities. Upon issuance in
accordance with, and payment pursuant to, the terms hereof and that certain warrant agreement to be entered into between the Company
and Continental, as warrant agent (the “Warrant Agreement”), each of the Placement Shares and Warrant Shares will
be duly and validly issued, fully paid and non-assessable. On the date of issuance of the Units, the Warrant Shares shall have
been reserved for issuance. Upon issuance in accordance with, and payment pursuant to, the terms hereof and the Warrant Agreement,
Subscriber will have or receive good title to the Units, Placement Shares and Placement Warrants, free and clear of all liens,
claims and encumbrances of any kind, other than (i) transfer restrictions hereunder and pursuant to the Insider Letter and (ii)
transfer restrictions under federal and state securities laws.

 

3.3. 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.

 

3.4. 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, (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, (iv) the Units, when issued and delivered in the manner set forth herein, will constitute
valid and binding obligations of the Company enforceable against the Company in accordance with their 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 and (v) the Placement Warrants, when issued and delivered in the manner set forth herein, will constitute valid
and binding obligations of the Company enforceable against the Company in accordance with their 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.

 

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3.5. 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 of the IPO, 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, Warrants or the Warrant Shares in
accordance with the terms hereof.

 

4. Legends

 

4.1. Legend. The Company will issue the
Units, Placement Shares and Warrants, and when issued, the Warrant Shares, purchased by Subscriber in the name of 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.”

 

“THE SECURITIES REPRESENTED
BY THIS CERTIFICATE ARE SUBJECT TO LOCKUP PURSUANT TO AN INSIDER LETTER BETWEEN, AMONG OTHERS, CF ACQUISITION CORP. VI AND CFAC
HOLDINGS VI, 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.”

 

4.2. 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.

 

4.3. 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.

 

4.4 Registration Rights. 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, Subscriber and the Company, on or prior to the effective date of
the Registration Statement.

 

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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
allow redemption in connection with the Business Combination or 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 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 Placement Warrants.

 

6.1 Terms. Each Placement Warrant shall
have the terms set forth in the Warrant Agreement. Specifically, the Placement Warrants will not be exercisable more than five
years from the effective date of the Registration Statement in accordance with FINRA Rule 5110.

 

6.2. Failure to Consummate Business Combination.
The Placement Warrants shall be terminated upon the dissolution of the Company or in the event that the Company does not consummate
the Business Combination within 24 months from the consummation of the IPO, unless otherwise extended by the Company.

 

6.3. Termination of Rights as Holder. If
the Placement Warrants are terminated in accordance with Section 6.1, then after such time Subscriber (or its successor in interest)
shall no longer have any rights as a holder of such Placement Warrants and the Company shall take such action as is appropriate
to cancel such Placement Warrants. Subscriber hereby irrevocably grants the Company a limited power of attorney for the purpose
of effectuating the foregoing and agrees to take any and all measures reasonably requested by the Company necessary to effect the
foregoing.

 

7. Rescission Right Waiver and Indemnification.

 

7.1. Subscriber understands and acknowledges
an exemption from the registration requirements of the Securities Act requires there be no general solicitation of purchasers of
the Units. In this regard, if the IPO were deemed to be a general solicitation with respect to the Units, the offer and sale of
such Units may not be exempt from registration and, if not, Subscriber may have a right to rescind its purchase of the Units. In
order to facilitate the completion of the Offering and in order to protect the Company, its stockholders and the amounts in the
Trust Account from claims that may adversely affect the Company or the interests of its stockholders, Subscriber hereby agrees
to waive, to the maximum extent permitted by applicable law, any claims, right to sue or rights in law or arbitration, as the case
may be, to seek rescission of its purchase of the Units. Subscriber acknowledges and agrees this waiver is being made in order
to induce the Company to sell the Units to Subscriber. Subscriber agrees the foregoing waiver of rescission rights shall apply
to any and all known or unknown actions, causes of action, suits, claims or proceedings (collectively, “Claims”)
and related losses, costs, penalties, fees, liabilities and damages, whether compensatory, consequential or exemplary, and expenses
in connection therewith, including reasonable attorneys’ and expert witness fees and disbursements and all other expenses reasonably
incurred in investigating, preparing or defending against any Claims, whether pending or threatened, in connection with any present
or future actual or asserted right to rescind the purchase of the Units hereunder or relating to the purchase of the Units and
the transactions contemplated hereby.

 

7.2. Subscriber agrees not to seek recourse
against the Trust Account for any reason whatsoever in connection with its purchase of the Units or any Claim that may arise now
or in the future.

 

7.3. Subscriber acknowledges and agrees
that the stockholders of the Company are and shall be third-party beneficiaries of this Section 7.

 

7.4. Subscriber agrees that to the extent
any waiver of rights under this Section 7 is ineffective as a matter of law, Subscriber has offered such waiver for the benefit
of the Company as an equitable right that shall survive any statutory disqualification or bar that applies to a legal right. Subscriber
acknowledges the receipt and sufficiency of consideration received from the Company hereunder in this regard.

 

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8. Terms of the Units and Placement
Warrants

 

8.1 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, except in limited circumstances, until 30 days following the consummation of the Business Combination,
(ii) the Placement Warrants will be non-redeemable so long as they are held by Subscriber (or any of its permitted transferees),
and may be exercisable on a “cashless” basis if held by Subscriber or its permitted transferees, as further described
in the Warrant Agreement, and (iii) 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 by, among others, the Company and Subscriber
on or before the date of the prospectus for the IPO or an exemption from registration is available, and the restrictions described
above in clause (i) have expired. Additionally, the Subscriber acknowledges and agrees that the Units and their component parts
will be deemed underwriting compensation by the Financial Industry Regulatory Authority (“FINRA”) and, pursuant
to FINRA Rule 5110(e)(1), may not be sold during the offering, or transferred, assigned, pledged or hypothecated or be the subject
of any hedging, short sale, derivative, put or call transaction that would result in the economic disposition of the securities
for a period of 180 days immediately following the date of effectiveness or commencement of sales in the IPO, except as provided
in FINRA Rule 5110(e)(2).

 

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

 

9. Governing Law; Jurisdiction;
Waiver of Jury Trial

 

This Agreement shall be governed by and
construed in accordance with the laws of the State of New York for agreements made and to be wholly performed within such state,
without regards to the conflicts of laws principles thereof. Any suit brought by either party shall be brought in the state or
federal courts sitting in New York County in the State of New York. 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.

 

10. Assignment; Entire Agreement; Amendment

 

10.1. Assignment. Neither this Agreement
nor any rights hereunder may be assigned, in whole or in part, by any party to any other person without the prior written consent
of the other party hereto except that Subscriber may assign this Agreement, or any of its rights hereunder, to a person agreeing
to be bound by the terms hereof, including the waiver contained in Section 7 hereof.

 

10.2. 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 with respect to such subject matter.

 

10.3. 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 the party against whom enforcement of any such amendment, waiver, discharge or termination is sought.

 

10.4. Binding upon Successors. This Agreement
shall be binding upon and inure to the benefit of the parties hereto and to their respective successors and permitted assigns.

 

11. 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
when directed to an electronic mail address at which such party has consented to receive notice.

 

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12. 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.

 

13. Survival; Severability

 

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

 

13.2. 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.

 

14. 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.

 

[signature page follows]

 

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This subscription is accepted by the Company
on the 18th day of February, 2021.

 

	 	CF ACQUISITION CORP. VI
	 	 	 
	 	By:	 
	 	 	Name: Howard W. Lutnick
	 	 	Title: Chairman and Chief Executive 

Officer

 

Accepted and agreed on the date set forth
above.

 

	 	CFAC HOLDINGS VI, LLC
	 	 	 
	 	By:	 
	 	 	Name: Howard W. Lutnick 
	 	 	Title: Chief Executive Officer

 

[Signature Page to Private Placement Units
Subscription Agreement - CF Acquisition Corp. VI]Exhibit 10.6

 

Promissory Note

 

THIS PROMISSORY NOTE (“NOTE”) AND THE SECURITIES INTO
WHICH THE NOTE MAY BE CONVERTED HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”)
OR UNDER THE SECURITIES LAWS OF ANY STATE. THIS NOTE HAS BEEN ACQUIRED FOR INVESTMENT ONLY AND MAY NOT BE SOLD, TRANSFERRED OR
ASSIGNED IN THE ABSENCE OF REGISTRATION OF THE RESALE THEREOF UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS OR
AN OPINION OF COUNSEL REASONABLY SATISFACTORY IN FORM, SCOPE AND SUBSTANCE TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.

 

PROMISSORY NOTE

 

	 	Dated as of February 18, 2021
	Principal Amount: Up to $1,750,000.00 	New York, New York

  

Pursuant to that certain Expense Advance
Agreement (the “Agreement”), dated as of December 18, 2021, by and between CF Acquisition Corp. VI, a Delaware
corporation (the “Maker”), and CFAC Holdings VI, LLC (the “Payee”), the Maker hereby promises
to pay to the order of the Payee or its registered assigns or successors in interest, the principal sum of up to One Million Seven
Hundred and Fifty Thousand Dollars ($1,750,000.00) in lawful money of the United States of America, on the terms and conditions
described below. All payments on this Note shall be made by check or wire transfer of immediately available funds or as otherwise
determined by the Maker to such account as the Payee may from time to time designate by written notice in accordance with the provisions
of this Note. Certain terms used herein but not defined herein shall have the meaning given to such terms in the Agreement.

 

1. Principal. The principal balance of this Note shall
be payable by Maker on the date on which Maker consummates its Business Combination. The principal balance may be prepaid at any
time. Under no circumstances shall any individual, including but not limited to any officer, director, employee or shareholder
of the Maker, be obligated personally for any obligations or liabilities of the Maker hereunder.

 

2. Interest. No interest shall accrue or be charged by
Payee on the unpaid principal balance of this Note.

 

3. Drawdown Requests. Maker
and Payee agree that Maker may request up to One Million Seven Hundred and Fifty Thousand Dollars ($1,750,000.00) for costs reasonably
related to Maker’s working capital needs prior to the consummation of the Business Combination. The principal of this Note may
be drawn down from time to time prior to the date on which Maker consummates a Business Combination, upon request from Maker to
Payee (each, a “Drawdown Request”) in such amounts as Maker may determine in its discretion. Payee shall fund
each Drawdown Request no later than five (5) business days after receipt of a Drawdown Request; provided, however, that the maximum
amount of drawdowns collectively under this Note is One Million Seven Hundred and Fifty Thousand Dollars ($1,750,000.00). Once
an amount is drawn down under this Note, it shall not be available for future Drawdown Requests even if prepaid. No fees, payments
or other amounts shall be due to Payee in connection with, or as a result of, any Drawdown Request by Maker.

 

4. Application of Payments. All payments shall be applied
first to payment in full of any costs incurred in the collection of any sum due under this Note, including (without limitation)
reasonable attorney’s fees and then to the payment in full of any late charges and finally to the reduction of the unpaid principal
balance of this Note.

 

5. Events of Default. The occurrence of any of the following
shall constitute an event of default (“Event of Default”):

 

(a) Failure to Make Required Payments.
Failure by Maker to pay the principal amount due pursuant to this Note within five (5) business days of the date specified above.

 

     

     

    

 

(b) Voluntary Bankruptcy, Etc. The
commencement by Maker of a voluntary case under any applicable bankruptcy, insolvency, reorganization, rehabilitation or other
similar law, or the consent by it to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian,
sequestrator (or other similar official) of Maker or for any substantial part of its property, or the making by it of any assignment
for the benefit of creditors, or the failure of Maker generally to pay its debts as such debts become due, or the taking of corporate
action by Maker in furtherance of any of the foregoing.

 

(c) Involuntary Bankruptcy, Etc.
The entry of a decree or order for relief by a court having jurisdiction in the premises in respect of Maker in an involuntary
case under any applicable bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator, assignee, custodian,
trustee, sequestrator (or similar official) of Maker or for any substantial part of its property, or ordering the winding-up or
liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect for a period of 60 consecutive
days.

 

6. Remedies.

 

(a) Upon the occurrence of an Event of Default
specified in Section 5(a) hereof, Payee may, by written notice to Maker, declare this Note to be due immediately and payable, whereupon
the unpaid principal amount of this Note, and all other amounts payable hereunder, shall become immediately due and payable without
presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived, anything contained herein or
in the documents evidencing the same to the contrary notwithstanding.

 

(b) Upon the occurrence of an Event of Default
specified in Sections 5(b) or 5(c), the unpaid principal balance of this Note, and all other sums payable with regard to this Note,
shall automatically and immediately become due and payable, in all cases without any action on the part of Payee.

 

7. Waivers. Maker and all endorsers and guarantors of,
and sureties for, this Note waive presentment for payment, demand, notice of dishonor, protest, and notice of protest with regard
to the Note, all errors, defects and imperfections in any proceedings instituted by Payee under the terms of this Note, and all
benefits that might accrue to Maker by virtue of any present or future laws exempting any property, real or personal, or any part
of the proceeds arising from any sale of any such property, from attachment, levy or sale under execution, or providing for any
stay of execution, exemption from civil process, or extension of time for payment; and Maker agrees that any real estate that may
be levied upon pursuant to a judgment obtained by virtue hereof, or any writ of execution issued hereon, may be sold upon any such
writ in whole or in part in any order desired by Payee.

 

8. Unconditional Liability. Maker hereby waives all notices
in connection with the delivery, acceptance, performance, default, or enforcement of the payment of this Note, and agrees that
its liability shall be unconditional, without regard to the liability of any other party, and shall not be affected in any manner
by any indulgence, extension of time, renewal, waiver or modification granted or consented to by Payee, and consents to any and
all extensions of time, renewals, waivers, or modifications that may be granted by Payee with respect to the payment or other provisions
of this Note, and agrees that additional makers, endorsers, guarantors, or sureties may become parties hereto without notice to
Maker or affecting Maker’s liability hereunder.

 

9. Notices. All notices, statements or other documents
which are required or contemplated by this Note shall be made: (i) in writing and delivered personally or sent by first class registered
or certified mail, overnight courier service or facsimile or electronic transmission to the address designated in writing, (ii)
by facsimile to the number most recently provided to such party or such other address or fax number as may be designated in writing
by such party or (iii) by electronic mail, to the electronic mail address most recently provided to such party or such other electronic
mail address as may be designated in writing by such party. Any notice or other communication so transmitted shall be deemed to
have been given on the day of delivery, if delivered personally, on the business day following receipt of written confirmation,
if sent by facsimile or electronic transmission, one (1) business day after delivery to an overnight courier service or five (5)
days after mailing if sent by mail.

 

10. Construction. THIS NOTE SHALL BE CONSTRUED AND ENFORCED
IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICT OF LAW PRINCIPLES THEREOF.

 

11. Severability. Any provision contained in this Note
which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition
or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction
shall not invalidate or render unenforceable such provision in any other jurisdiction.

  

12. Trust Waiver. Notwithstanding anything herein to
the contrary, the Payee hereby waives any right, title, interest or claim of any kind (“Claim”) in or to any distribution
of or from the Trust Account, and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim against
the Trust Account for any reason whatsoever; provided, however, that if the Maker completes a Business Combination, the Maker shall
repay the principal balance of this Note, which may be out of the proceeds released to the Maker from the Trust Account.

 

13. Amendment; Waiver. Any amendment hereto or
waiver of any provision hereof may be made with, and only with, the written consent of the Maker and the Payee.

 

14. Assignment. No assignment or transfer of this
Note or any rights or obligations hereunder may be made by any party hereto (by operation of law or otherwise) without the prior
written consent of the other party hereto and any attempted assignment without the required consent shall be void; provided,
however, that this Note shall be freely assignable by the Payee to any assignee.

 

[Signature Page Follows]

 

     

     

    

  

IN WITNESS WHEREOF, Maker, intending
to be legally bound hereby, has caused this Note to be duly executed by the undersigned as of the day and year first above written.

 

	 	CF Acquisition Corp. VI
	 	 	 
	 	By:	/s/ Howard Lutnick
	 	 	Name:	Howard Lutnick
	 	 	Title: 	Chief Executive Officer

 

 

 

 

[Signature Page to the Promissory Note by
CF Acquisition Corp. VI in favor of CFAC Holdings VI, LLC for up to $1,750,000 for Working Capital

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