Document:

Exhibit 10.3

       

      INVESTMENT MANAGEMENT TRUST AGREEMENT

       

      This Investment Management Trust Agreement (this “Agreement”) is made effective as of [•], 2021 by and between AxonPrime Infrastructure
        Acquisition Corporation, a Delaware corporation (the “Company”), and Computershare Trust Company, N.A., a federally chartered trust corporation (the “Trustee”).

       

      WHEREAS, the Company’s registration statement on Form S-1, No. 333-[•] (the “Registration Statement”)
        and prospectus (the “Prospectus”) for the initial public offering of the Company’s units (the “Units”), each of which consists
        of one share of the Company’s Class A common stock, par value $0.0001 per share (the “Common Stock”), and one-third of one warrant, each whole warrant entitling the holder thereof to
        purchase one share of Common Stock (such initial public offering hereinafter referred to as the “Offering”), has been declared effective as of the date hereof by the U.S. Securities and
        Exchange Commission; and

       

      WHEREAS, the Company has entered into an Underwriting Agreement (the “Underwriting Agreement”) with Morgan Stanley & Co. LLC (the “Underwriter”); and

       

      WHEREAS, as described in the Prospectus, $150,000,000 of the gross proceeds of the Offering and sale of the Private Placement Warrants (as defined in the Underwriting Agreement) (or $172,500,000 if
        the Underwriters’ over-allotment option is exercised in full) will be delivered to the Trustee to be deposited and held in a segregated trust account located at all times in the United States (the “Trust Account”) for the benefit of the Company and the holders of the Common Stock included in the Units issued in the Offering as hereinafter provided (the amount to be delivered to the Trustee (and any interest subsequently
        earned thereon) is referred to herein as the “Property,” the stockholders for whose benefit the Trustee shall hold the Property will be referred to
        as the “Public Stockholders,” and the Public Stockholders and the Company will be referred to together as the “Beneficiaries”); and

       

      WHEREAS, pursuant to the Underwriting Agreement, a portion of the Property equal to $5,250,000, or $6,037,500 if the Underwriters’ over-allotment option is exercised in full, is attributable to
        deferred underwriting discounts and commissions that may be payable by the Company to the Underwriters upon the consummation of the Business Combination (as defined below) (the “Deferred Discount”);
        and

       

      WHEREAS, the Company and the Trustee desire to enter into this Agreement to set forth the terms and conditions pursuant to which the Trustee shall hold the Property.

       

      NOW THEREFORE, IT IS AGREED:

       

      1. Agreements and Covenants of Trustee. The Trustee hereby agrees and covenants to:

       

      (a) Hold the Property in trust for the Beneficiaries in accordance with the terms of this Agreement in the Trust Account established by the Trustee at a U.S. chartered commercial bank with
        consolidated assets of $100 billion or more and at a brokerage institution selected by the Trustee that is reasonably satisfactory to the Company;

       

      (b) Manage, supervise and administer the Trust Account subject to the express terms and conditions set forth herein;

       

      (c) In a timely manner, upon the written instruction of the Company, invest and reinvest the Property in United States government securities within the meaning of Section 2(a)(16) of the Investment
        Company Act of 1940, as amended, having a maturity of 185 days or less, or in money market funds meeting the conditions of paragraphs (d)(1), (d)(2), (d)(3) and (d)(4) of Rule 2a-7 promulgated under the Investment Company Act of 1940, as amended
        (or any successor rule), which invest only in direct U.S. government treasury obligations, as determined by the Company; the Trustee may not invest in any other securities or assets, it being understood that the Trust Account will earn no interest
        while account funds are uninvested awaiting the Company’s instructions hereunder and the Trustee may earn bank credits or other consideration during such periods;

      

      

      
        
          

      

       

      (d) Collect and receive, when due, all interest or other income arising from the Property, which shall become part of the Property, as such term is used
        herein;

       

      (e) Promptly notify the Company and the Representative of all communications received by the Trustee with respect to any Property requiring action by the Company;

       

      (f) Supply any necessary information or documents as may be requested by the Company (or its authorized agents) in connection with the Company’s preparation of the tax returns relating to assets
        held in the Trust Account;

       

      (g) Participate in any plan or proceeding for protecting or enforcing any right or interest arising from the Property if, as and when instructed by the Company to do so;

       

      (h) Render to the Company monthly written statements of the activities of, and amounts in, the Trust Account reflecting all receipts and disbursements of the Trust Account;

       

      (i) Commence liquidation of the Trust Account only after and promptly after (x) receipt of, and only in accordance with, the terms of a letter from the Company (“Termination Letter”) in a form substantially similar to that attached hereto as either Exhibit A or Exhibit B signed on behalf of the Company by its Chief Executive Officer, President, Chief Financial
        Officer, Secretary or Chairman of the board of directors of the Company (the “Board”) or other authorized officer of the Company, and complete the liquidation of the Trust Account and
        distribute the Property in the Trust Account, including amounts that may be released to us to pay our franchise and income tax obligations, if any (less up to $100,000 of interest that may be released to the Company to pay dissolution expenses),
        only as directed in the Termination Letter and the other documents referred to therein, or (y) upon (1) the date which is 24 months after the closing of the Offering or (2) such later date as may be approved by the Company’s stockholders in
        accordance with the Company’s amended and restated certificate of incorporation if a Termination Letter has not been received by the Trustee prior to such date, in which case the Trust Account shall be liquidated in accordance with the procedures
        set forth in the Termination Letter attached as Exhibit B and the Property in the Trust Account, including interest not previously released to the Company to pay its franchise and income tax obligations, if any (less up to
        $100,000 of interest that may be released to the Company to pay dissolution expenses) shall be distributed to the Public Stockholders of record as of such date;

       

      (j) Upon written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto as Exhibit C (a “Tax Payment Withdrawal Instruction”), withdraw from the Trust Account and distribute to the Company the amount of interest earned on the Property requested by the Company to cover any income or franchise tax obligation
        owed by the Company as a result of assets of the Company or interest or other income earned on the Property, which amount shall be delivered directly to the Company by electronic funds transfer or other method of prompt payment, and the Company
        shall forward such tax payment to the relevant taxing authority; provided, however, that to the extent there is not sufficient cash in the Trust Account to pay such tax obligation, the Trustee shall liquidate such assets held in the
        Trust Account as shall be designated by the Company in writing to make such distribution; provided, further, that if the tax to be paid is a franchise tax, the written request by the Company to make such distribution shall be
        accompanied by a copy of the franchise tax bill from the State of Delaware for the Company and a written statement from the principal financial officer of the Company setting forth the actual amount payable. The written request of the Company
        referenced above shall constitute presumptive evidence that the Company is entitled to said funds, and the Trustee shall have no responsibility to look beyond said request;

       

      (k) Upon written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto as Exhibit D (a “Stockholder Redemption Withdrawal Instruction”), the Trustee shall distribute on behalf of the Company the amount requested by the Company to be used to redeem shares of Common Stock from Public Stockholders properly
        submitted in connection with a stockholder vote to approve an amendment to the Company’s amended and restated certificate of incorporation that would affect the substance or timing of the Company’s obligation to redeem 100% of its public shares of
        Common Stock if the Company has not consummated an initial Business Combination within such time as is described in the Company’s amended and restated certificate of incorporation. The written request of the Company referenced above shall
        constitute presumptive evidence that the Company is entitled to distribute said funds, and the Trustee shall have no responsibility to look beyond said request; and

      

      

      
        
          

      

       

      (l) Not make any withdrawals or distributions from the Trust Account other than pursuant to Sections 1(i), 1(j), or 1(k) above.

       

      2. Agreements and Covenants of the Company. The Company hereby agrees and covenants to:

       

      (a) Give all instructions to the Trustee hereunder in writing, signed by the Company’s Chairman of the Board, President, Chief Executive Officer, Chief Financial Officer or Secretary. In addition,
        except with respect to its duties under Sections 1(i), 1(j), and 1(k) hereof, the Trustee shall be entitled to rely on, and shall be protected in relying on, any verbal or telephonic advice or instruction which it, in the
        absence of bad faith believes to be given by any one of the persons authorized above to give written instructions, provided that the Company shall promptly confirm such instructions in writing;

       

      (b) Subject to Section 4 hereof, hold the Trustee harmless and indemnify the Trustee and its sub agents from and against any and all expenses, including reasonable counsel fees and
        disbursements, or losses, liability, damage, judgment, fine, penalty, claim, demand, settlement, cost or expense (including, without limitation, the reasonable fees and expenses of legal counsel) that may be paid, incurred or suffered by the
        Trustee in connection with any action taken by it hereunder and in connection with any action, suit or other proceeding brought against the Trustee involving any claim, or in connection with any claim or demand, which in any way arises out of or
        relates to this Agreement, the services of the Trustee hereunder, or the Property or any interest earned on the Property, except for expenses and losses resulting from the Trustee’s gross negligence, fraud or willful misconduct (in each case as
        finally determined by a court of competent jurisdiction). Promptly after the receipt by the Trustee of notice of demand or claim or the commencement of any action, suit or proceeding, pursuant to which the Trustee intends to seek indemnification
        under this Section 2(b), it shall notify the Company in writing of such claim (hereinafter referred to as the “Indemnified Claim”). The Trustee shall have the right to conduct and
        manage the defense against such Indemnified Claim; provided that the Trustee shall obtain the consent of the Company with respect to the selection of counsel, which consent shall not be unreasonably withheld, conditioned or delayed. The
        Trustee may not agree to settle any Indemnified Claim without the prior written consent of the Company, which such consent shall not be unreasonably withheld, conditioned or delayed. The Company may participate in such action with its own counsel
        and at its own expense;

       

      (c) Pay the Trustee the fees in accordance with a mutually agreed upon schedule, including an initial acceptance fee, annual administration fee, and transaction processing fee which fees shall be
        subject to modification by the parties from time to time. It is expressly understood that the Property shall not be used to pay such fees unless and until it is distributed to the Company pursuant to Sections 1(i) through 1(k)
        hereof. The Company shall pay the Trustee the initial acceptance fee and the first annual administration fee at the consummation of the Offering. The Trustee shall refund to the Company the monthly fee (on a pro rata basis) with respect to any
        period after the liquidation of the Trust Account. The Company shall not be responsible for any other fees or charges of the Trustee except as set forth in this Section 2(c), the fee schedule and as may be provided in Section 2(b) hereof;

       

      (d) In connection with any vote of the Company’s stockholders regarding a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination involving
        the Company and one or more businesses (the “Business Combination”), provide to the Trustee an affidavit or certificate of the inspector of elections for the stockholder meeting verifying
        the vote of such stockholders regarding such Business Combination;

       

      (e) Provide the Representative with a copy of any Termination Letter(s) and/or any other correspondence that is sent to the Trustee with respect to any proposed withdrawal from the Trust Account
        promptly after it issues the same;

       

      (f) Instruct the Trustee to make only those distributions that are permitted under this Agreement, and refrain from instructing the Trustee to make any distributions that are not permitted under
        this Agreement; and

      

      

      

      

      
        
          

      

       

      (g) Within four (4) business days after the Underwriters exercise the over- allotment option (or any unexercised portion thereof) or such over-allotment expires, provide the Trustee with a notice
        in writing of the total amount of the Deferred Discount, which shall in no event be less than $5,250,000.

      

      

      3. Limitations of Liability. The Trustee shall have no responsibility or liability to:

       

      (a) Imply obligations, perform duties, inquire or otherwise be subject to the provisions of any Agreement or document other than this Agreement and that which is expressly set forth herein;

       

      (b) Take any action with respect to the Property, other than as directed in Section 1 hereof, and the Trustee shall have no liability to any party except for liability arising out of the
        Trustee’s gross negligence, fraud or willful misconduct (in each case as finally determined by a court of competent jurisdiction);

       

      (c) Institute any proceeding for the collection of any principal and income arising from, or institute, appear in or defend any proceeding of any kind with respect to, any of the Property unless
        and until it shall have received instructions from the Company given as provided herein to do so and the Company shall have advanced or guaranteed to it funds sufficient to pay any expenses incident thereto;

       

      (d) Refund any depreciation in principal of any Property;

       

      (e) Assume that the authority of any person designated by the Company to give instructions hereunder shall not be continuing unless provided otherwise in such designation, or unless the Company
        shall have delivered a written revocation of such authority to the Trustee;

       

      (f) The other parties hereto or to anyone else for any action taken or omitted by it, or any action suffered by it to be taken or omitted, except for the Trustee’s gross negligence, fraud or
        willful misconduct (in each case as finally determined by a court of competent jurisdiction). The Trustee may rely conclusively and shall be protected in acting upon any order, notice, demand, certificate, opinion or advice of counsel (including
        counsel chosen by the Trustee, which counsel may be the Company’s counsel), statement, instrument, report or other paper or document (not only as to its due execution and the validity and effectiveness of its provisions, but also as to the truth
        and acceptability of any information therein contained) which the Trustee believes, in the absence of bad faith, to be genuine and to be signed or presented by the proper person or persons. The Trustee shall not be bound by any notice or demand, or
        any waiver, modification, termination or rescission of this Agreement or any of the terms hereof, unless evidenced by a written instrument delivered to the Trustee, signed by the proper party or parties and, if the duties or rights of the Trustee
        are affected, unless it shall give its prior written consent thereto;

       

      (g) Verify the accuracy of the information contained in the Registration Statement;

       

      (h) Provide any assurance that any Business Combination entered into by the Company or any other action taken by the Company is as contemplated by the Registration Statement;

       

      (i) File information returns with respect to the Trust Account with any local, state or federal taxing authority or provide periodic written statements to the Company documenting the taxes payable
        by the Company, if any, relating to any interest income earned on the Property;

       

      (j) Prepare, execute and file tax reports, income or other tax returns and pay any taxes with respect to any income generated by, and activities relating to, the Trust Account, regardless of
        whether such tax is payable by the Trust Account or the Company, including, but not limited to, franchise and income tax obligations, except pursuant to Section 1(j) hereof; or

       

      (k) Verify calculations, qualify or otherwise approve the Company’s written requests for distributions pursuant to Sections 1(i), 1(j), and 1(k) hereof.

      

      

      

      

      
        
          

      

       

      (l) Compensate the Company or any other person for and shall have no responsibility or liability for any diminution of the Property that may result from any deposit made by Trustee in accordance
        with this Agreement, including any losses resulting from a default by any bank, financial institution or other third party.

       

      Notwithstanding anything in this Agreement to the contrary, any liability of the Trustee under this Agreement will be limited to the amount of annual fees paid by the Company to the Trustee during
        the twelve (12) months immediately preceding the event for which recovery from the Trustee is being sought (except for liability resulting from the Trustee’s gross negligence, fraud or willful misconduct). Anything to the contrary notwithstanding,
        in no event will the Trustee be liable for special, punitive, indirect, incidental or consequential loss or damages of any kind whatsoever (including, without limitation, lost profits), even if apprised of the possibility of such loss or damages.

       

      The obligations of the Company and the rights and immunities of the Trustee contained in this Section 3 shall survive the termination of this Agreement and the resignation, replacement or removal of the Trustee.

      

      

      4. Trust Account Waiver. The Trustee has no right of set-off or any right, title, interest or claim of any kind (“Claim”) to, or to any monies in,
        the Trust Account, and hereby irrevocably waives any Claim to, or to any monies in, the Trust Account that it may have now or in the future. In the event the Trustee has any Claim against the Company under this Agreement, including, without
        limitation, under Section 2(b) or Section 2(c) hereof, the Trustee shall pursue such Claim solely against the Company and its assets outside the Trust Account and not against the Property or any monies in
        the Trust Account.

       

      5. Termination. This Agreement shall terminate as follows:

       

      (a) If the Trustee gives written notice to the Company that it desires to resign under this Agreement, the Company shall use its reasonable efforts to locate a successor trustee, pending which the
        Trustee shall continue to act in accordance with this Agreement. At such time that the Company notifies the Trustee that a successor trustee has been appointed and has agreed to become subject to the terms of this Agreement, the Trustee shall
        transfer the management of the Trust Account to the successor trustee, including but not limited to the transfer of copies of the reports and statements relating to the Trust Account, whereupon this Agreement shall terminate; provided, however,
        that in the event that the Company does not locate a successor trustee within ninety (90) days of receipt of the resignation notice from the Trustee, the Trustee may submit an application to have the Property deposited with any court in the State
        of New York or with the United States District Court for the Southern District of New York and upon such deposit, the Trustee shall be immune from any liability whatsoever; or

       

      (b) At such time that the Trustee has completed the liquidation of the Trust Account and its obligations in accordance with the provisions of Section 1(i) hereof (which section may not be
        amended under any circumstances) and distributed the Property in accordance with the provisions of the Termination Letter, this Agreement shall terminate except with respect to Section 2(b).

       

      6. Miscellaneous.

       

      (a) The Company and the Trustee each acknowledge that the Trustee will follow the security procedures set forth below with respect to funds transferred from the Trust Account. The Company and the
        Trustee will each restrict access to confidential information relating to such security procedures to authorized persons. Each party must notify the other party immediately if it has reason to believe unauthorized persons may have obtained access
        to such confidential information, or of any change in its authorized personnel. In executing funds transfers, the Trustee shall rely upon all information supplied to it by the Company, including, account names, account numbers, and all other
        identifying information relating to a Beneficiary, Beneficiary’s bank or intermediary bank. Except for any liability arising out of the Trustee’s gross negligence, fraud or willful misconduct (in each case as finally determined by a court of
        competent jurisdiction), the Trustee shall not be liable for any loss, liability or expense resulting from any error in the information or transmission of the funds.

       

      (b) This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York, without giving effect to conflicts of law principles that would result in
        the application of the substantive laws of another jurisdiction. This Agreement may be executed in several original or facsimile counterparts, each one of which shall constitute an original, and together shall constitute but one instrument.

      

      

      
        
          

      

       
      (c) This Agreement contains the entire agreement and understanding of the parties hereto with respect to the subject matter hereof. Except for Sections 1(i) and 1(k)
        hereof (which may not be modified, amended or deleted without the affirmative vote of sixty five percent (65%) of the then outstanding shares of Common Stock and Class B common stock, par value $0.0001 per share, of the Company voting together as a
        single class; provided that no such amendment will affect any Public Stockholder who has otherwise indicated his election to redeem his shares of Common Stock in connection with a stockholder vote sought to amend this Agreement), this Agreement or
        any provision hereof may only be changed, amended or modified (other than to correct a typographical error) by a writing signed by each of the parties hereto. As a condition precedent to the Trustee’s execution of any amendment or modification, the
        Company shall deliver to the Trustee a certificate of an authorized officer which shall state that the amendment or modification is in accordance with this Section 6(c).

       

      (d) The parties hereto consent to the jurisdiction and venue of any state or federal court located in the City of New York, State of New York, for purposes of resolving any disputes hereunder. AS
        TO ANY CLAIM, CROSS-CLAIM OR COUNTERCLAIM IN ANY WAY RELATING TO THIS AGREEMENT, EACH PARTY WAIVES THE RIGHT TO TRIAL BY JURY.

      

      

      (e) Any notice, consent or request to be given in connection with any of the terms or provisions of this Agreement shall be in writing and shall be sent by express mail or similar private courier
        service, by certified mail (return receipt requested), by hand delivery or by facsimile transmission:

       

      if to the Trustee, to:

       

      Computershare Trust Company, N.A.

      6200 S. Quebec St.

      Greenwood Village, CO 80111

      Attn: [•]

      Facsimile No.: (303) 262-0608

      Email: corporate.trust@computershare.com and

      rose.stroud@computershare.com, jay.ramos@computershare.com

       

      and

       

      Computershare Trust Company, N.A.

      480 Washington Boulevard

      Jersey City, NJ 07310

      Attn: General Counsel

      Facsimile No.: (201) 680-4610

       

      if to the Company, to:

       

      AxonPrime Infrastructure Acquisition Corporation

      126 E 56th St., 30th Floor

      New York, NY 10022

      Attn: Jon Layman

      Email: jon@primemoverslab.com

       

      in each case, with copies (which shall not constitute notice) to:

       

      Hogan Lovells US LLP

      390 Madison Ave.

      New York, New York 10017

      Attn: Richard Aftanas, Esq.

      Email: raftanas@hoganlovells.com

       

      and

       

      Morgan Stanley & Co. LLC

      1585 Broadway

      New York, NY 10036

      

      

      and

       

      Ropes & Gray LLP

      1211 Avenue of the Americas

      New York, NY 10036

      Attn: Paul D. Tropp, Esq.

       Email: Paul.Tropp@ropesgray.com

       

      (f) Each of the Company and the Trustee hereby represents that it has the full right and power and has been duly authorized to enter into this Agreement and to perform its respective obligations as
        contemplated hereunder. The Trustee acknowledges and agrees that it shall not make any claims or proceed against the Trust Account, including by way of set-off, and shall not be entitled to any funds in the Trust Account under any circumstance.

       

      (g) Each of the Company and the Trustee hereby acknowledges and agrees that Morgan Stanley & Co. LLC is a third party beneficiary of this Agreement.

       

      (h) Except as specified herein, no party to this Agreement may assign its rights or delegate its obligations hereunder to any other person or entity.

       

       [Signature Page Follows]

      
        
          

      

      

      

      IN WITNESS WHEREOF, the parties have duly executed this Investment Management Trust Agreement as of the date first written above.

      

      

      	 	
              Computershare Trust Company, N.A., as Trustee

            
	 	 
	 	
              By:

            	 
	 	 	
              Name:

            
	 	 	
              Title:

            

      

      

      	 	
              AxonPrime Infrastructure Acquisition Corporation

            
	 	 
	 	
              By:

            	 
	 	 	
              Name:

            
	 	 	
              Title:

            

      

      

      [Signature Pages to Investment Management Trust Agreement]

      
        
          

      

      SCHEDULE A

      

      

      	
              Fee Item

            	
              Time and method of payment

            	 	
              Amount

            	 
	
              Initial set-up fee.

            	
              Initial closing of Offering by wire transfer.

            	 	
              $

            	
              3,500.00

            	 
	
              Trustee administration fee

            	
              Payable annually. First year fee payable,

              at initial closing of Offering by wire

              transfer, thereafter by wire transfer or

              check.

            	 	
              $

            	
              3,500.00

            	 
	
              Transaction processing fee for disbursements to

              Company under Sections 1(i), and 1(j)

            	
              Billed to Company following

              disbursement made to Company under

              Section 1(i) and 1(j)

            	 	
              $

            	
              100.00

            	 
	
              Paying Agent services as required pursuant to Section 1(i) and

              1(k)

            	
              Billed to Company upon delivery of

              service pursuant to Section 1(i) and 1(k)

            	 	
              Prevailing

              rates

            	 

      

      

      
        
          

      

      EXHIBIT A

       

      [Letterhead of Company]

       

      [Insert date]

       

      Computershare Trust Company, N.A.

      6200 S. Quebec St.

      Greenwood Village, CO 80111

      Attn: [•]

      Facsimile No.: (303) 262-0608

      Email: corporate.trust@computershare.com and

      rose.stroud@computershare.com, jay.ramos@computershare.com

       

      Re: Trust Account No. Termination Letter

       

      Dear [•]

       

      Pursuant to Section 1(i) of the Investment Management Trust Agreement between AxonPrime Infrastructure Acquisition Corporation (the “Company”) and Computershare Trust Company, N.A. (the “Trustee”), dated as of [•], 2021 (the “Trust
          Agreement”), this is to advise you that the Company has entered into an agreement with [•] (the “Target Business”) to consummate a business combination with Target Business (the “Business Combination”) on or about [insert date]. The Company shall notify you at least seventy-two (72) hours in advance of the actual date of the consummation of the Business Combination
        (the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement.

       

      In accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account, and to transfer the proceeds into a segregated account
        held by you on behalf of the beneficiaries to the effect that, on the Consummation Date, all of funds held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct. It is acknowledged
        and agreed that while the funds are on deposit in the trust operating account awaiting distribution, the Company will not earn any interest or dividends.

       

      On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated concurrently with your
        transfer of funds to the accounts as directed by the Company (the “Notification”) and (ii) the Company shall deliver to you (a) [an affidavit] [a certificate] of the Chief Executive
        Officer, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders, if a vote is held and (b) joint written instruction signed by the Company and Morgan Stanley & Co. LLC with respect to the transfer
        of the funds held in the Trust Account, including payment of the Deferred Discount from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the
        funds held in the Trust Account immediately upon your receipt of the Notification and the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated
        by the Consummation Date without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company.
        Upon the distribution of all the funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account, your obligations under the Trust Agreement shall be terminated.

       

      In the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on or before the original Consummation Date of a
        new Consummation Date, then upon receipt by the Trustee of written instructions from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business day immediately following
        the Consummation Date as set forth in the notice as soon thereafter as possible.

      

      

      

      

      

      

      	 	
              Very truly yours,

            
	 	 
	 	
              AXONPRIME INFRASTRUCTURE ACQUISITION CORPORATION

            
	 	 
	 	
              By:

            	 
	 	 	
              Name:

            
	 	 	
              Title:

            

      

      

       

      	cc:	
              [•]

               [•]

            

      
        
          

      

      EXHIBIT B

       

      [Letterhead of Company]

       

      [Insert date]

      Computershare Trust Company, N.A.

      6200 S. Quebec St.

      Greenwood Village, CO 80111

      Attn: [•]

      Facsimile No.: (303) 262-0608

      Email: corporate.trust@computershare.com and

      rose.stroud@computershare.com, jay.ramos@computershare.com

       

      Re: Trust Account No. [ ] Termination Letter

       

      Dear [•]

       

      Pursuant to Section 1(i) of the Investment Management Trust Agreement between AxonPrime Infrastructure Acquisition Corporation (the “Company”) and Computershare Trust Company, N.A. (the “Trustee”), dated as of [•], 2021 (the “Trust
          Agreement”), this is to advise you that the Company has been unable to effect a business combination with a Target Business (the “Business Combination”) within the time frame
        specified in the Company’s Amended and Restated Certificate of Incorporation, as described in the Company’s Prospectus relating to the Offering. Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement.

       

      In accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate all of the assets in the Trust Account on [•], 2021 and to transfer the total proceeds into the trust
        operating account at [•] to await distribution to the Public Stockholders. The Company has selected [•] as the effective date for the purpose of determining when the Public Stockholders will be entitled to receive their share of the liquidation
        proceeds. You agree to be the Paying Agent of record and, in your separate capacity as Paying Agent, agree to distribute said funds directly to the Company’s Public Stockholders in accordance with the terms of the Trust Agreement and the Amended
        and Restated Certificate of Incorporation of the Company. Upon the distribution of all the funds, net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account, your obligations under the Trust
        Agreement shall be terminated, except to the extent otherwise provided in Section 1(j) of the Trust Agreement.

      

      

      	 	
              Very truly yours,

            
	 	 
	 	
              AXONPRIME INFRASTRUCTURE ACQUISITION CORPORATION

            
	 	 
	 	
              By:

            	 
	 	 	
              Name:

            
	 	 	
              Title:

            

      

      

      	cc:	
              [•]

               [•]

            

      

      

      
        
          

      

      EXHIBIT C

       

      [Letterhead of Company]

       

      [Insert date]

       

      Computershare Trust Company, N.A.

      6200 S. Quebec St.

      Greenwood Village, CO 80111

      Attn: [•]

      Facsimile No.: (303) 262-0608

      Email: corporate.trust@computershare.com and

      rose.stroud@computershare.com, jay.ramos@computershare.com

       

      Re: Trust Account No. [ ] Tax Payment Withdrawal Instruction

       

      Dear [•]

       

      Pursuant to Section 1(j) of the Investment Management Trust Agreement between AxonPrime Infrastructure Acquisition Corporation (the “Company”) and Computershare Trust Company, N.A. (the “Trustee”), dated as of [•], 2021 (the “Trust
          Agreement”), the Company hereby requests that you deliver to the Company $[•] of the interest income earned on the Property as of the date hereof. Capitalized terms used but not defined herein shall have the meanings set forth in the Trust
        Agreement.

       

      The Company needs such funds to pay for the tax obligations as set forth on the attached tax return or tax statement. In accordance with the terms of the Trust Agreement, you are hereby directed
        and authorized to transfer (via wire transfer) such funds promptly upon your receipt of this letter to the Company’s operating account at:

       

      [WIRE INSTRUCTION INFORMATION]

      

      

      	 	
              Very truly yours,

            
	 	 
	 	
              AXONPRIME INFRASTRUCTURE ACQUISITION CORPORATION

            
	 	 
	 	
              By:

            	 
	 	 	
              Name:

            
	 	 	
              Title:

            

      

      

      	cc:	
              [•]

               [•]

            

      
        
          

      

      EXHIBIT D

       

      [Letterhead of Company]

       

      [Insert date]

       

      Computershare Trust Company, N.A.

      6200 S. Quebec St.

      Greenwood Village, CO 80111

      Attn: [•]

      Facsimile No.: (303) 262-0608

      Email: corporate.trust@computershare.com and

      rose.stroud@computershare.com, jay.ramos@computershare.com

       

      Re: Trust Account No. [ ] Stockholder Redemption Withdrawal Instruction

       

      Dear [•]

       

      Pursuant to Section 1(l) of the Investment Management Trust Agreement between AxonPrime Infrastructure Acquisition Corporation (the “Company”) and Computershare Trust Company, N.A. (the “Trustee”), dated as of [•], 2021 (the “Trust
          Agreement”), the Company hereby requests that you deliver to the redeeming Public Stockholders of the Company $[•] of the principal and interest income earned on the Property as of the date hereof. Capitalized terms used but not defined
        herein shall have the meanings set forth in the Trust Agreement.

       

      The Company needs such funds to pay its Public Stockholders who have properly elected to have their shares of Common Stock redeemed by the Company in connection with a stockholder vote to approve
        an amendment to the Company’s Amended and Restated Certificate of Incorporation that affects the substance or timing of the Company’s obligation to redeem 100% of its public shares of Common Stock if the Company has not consummated an initial
        Business Combination within such time as is described in the Company’s Amended and Restated Certificate of Incorporation. As such, you are hereby directed and authorized to transfer (via wire transfer) such funds promptly upon your receipt of this
        letter to the redeeming Public Stockholders in accordance with your customary procedures.

      

      

      	

            	
              Very truly yours,

            
	 	 
	 	
              AXONPRIME INFRASTRUCTURE ACQUISITION CORPORATION

            
	 	 
	 	
              By:

            	 
	 	 	
              Name:

            
	 	 	
              Title:

            

      

      

      

      

      	cc:	
              [•]

               [•]Exhibit 10.5

    

    

    April 9, 2021

    

    

    AxonPrime Infrastructure Acquisition Corporation

     126 East 56th Street

    New York, NY 10022

    

    

    The Immovable Movers Trust 

    320 E Broadway Avenue 

    Jackson, WY 83001

    

    

    RE: Securities Subscription Agreement

    

    

    Ladies and Gentlemen:

    

    

    AxonPrime Infrastructure Acquisition Corporation, a Delaware corporation (the “Company”), is pleased to accept the offer The Immovable
      Movers Trust (the “Subscriber” or “you”) has made to purchase 8,625,000 shares of the Company’s Class B common stock (the “Shares”),

      $0.0001 par value per share (the “Class B Common Stock”), up to 1,125,000 of which are subject to complete or partial forfeiture by you if the underwriters of the Company’s initial public offering (“IPO”), if any, do not fully exercise their over-allotment option (the “Over-allotment Option”). For the purposes of this Agreement, references to “Common Stock” are to, collectively, the Class B Common Stock and the Company’s Class A common stock, $0.0001 par value per share (the “Class A Common Stock”). Pursuant to the Company’s
      certificate of incorporation, as amended to the date hereof (the “Charter”), shares of Class B Common Stock will automatically convert into shares of Class A Common Stock on a one-for-one basis, subject to
      adjustment, upon the terms and conditions set forth in the Charter. Unless the context otherwise requires, as used herein “Securities” shall refer to the Shares and
      shall be deemed to include any shares of Class A Common Stock issued upon conversion of the Shares. The terms (this “Agreement”) on which the Company is willing to sell the Shares to the Subscriber, and the
      Company and the Subscriber’s agreements regarding such Shares, are as follows:

    

    

    	1.	
            Purchase of Shares.

          

    

    

    For the sum of $25,000 (the “Purchase Price”), which the Company acknowledges receiving in cash, the Company hereby sells and issues
      the Shares to the Subscriber, and the Subscriber hereby purchases the Shares from the Company, subject to forfeiture, on the terms and subject to the conditions set forth in this Agreement. Concurrently with the Subscriber’s execution of this
      Agreement, the Company shall, at its option, deliver to the Subscriber a certificate registered in the Subscriber’s name representing the Shares (the “Original Certificate”), or effect such delivery in
      book-entry form.

    

    

    	2.	
            Representations, Warranties and Agreements.

          

    

    

    2.1          Subscriber’s Representations, Warranties and Agreements. To induce the
        Company to issue the Securities to the Subscriber, the Subscriber hereby represents and warrants to the Company and agrees with the Company as follows:

    

    

    2.1.1          No Government Recommendation or Approval. The Subscriber understands
        that no federal or state agency has passed upon or made any recommendation or endorsement of the offering of the Securities.

    

    

    2.1.2          Experience, Financial Capability and Suitability. The Subscriber is:
        (i) sophisticated in financial matters and is able to evaluate the risks and benefits of the investment in the Securities and (ii) able to bear the economic risk of its investment in the Securities for an indefinite period of time because the
        Securities have not been registered under the Securities Act (as defined below) and therefore cannot be sold unless subsequently registered under the Securities Act or an exemption from such registration is available. The Subscriber is capable of
        evaluating the merits and risks of its investment in the Company and has the capacity to protect its own interests. The Subscriber must bear the economic risk of this investment until the Securities are sold pursuant to: (i) an effective
        registration statement under the Securities Act or (ii) an exemption from registration available with respect to such sale. The Subscriber is able to bear the economic risks of an investment in the Securities and to afford a complete loss of the
        Subscriber’s investment in the Securities.

    

    

    
      
        

        

      

      
        

      

    

    

    

    2.1.3          Access to Information; Independent Investigation. Prior to the
        execution of this Agreement, the 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, the Subscriber has relied solely on the Subscriber’s own knowledge and
        understanding of the Company and its business based upon the Subscriber’s own due diligence investigation and the information furnished pursuant to this paragraph. The Subscriber understands that no person has been authorized to give any
        information or to make any representations which were not furnished pursuant to this Section 2 and the Subscriber has not relied on any other representations or information in making its investment decision, whether written or oral,
        relating to the Company, its operations and/or its prospects.

    

    

    2.1.4          Regulation D Offering. The 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 the sale
        contemplated hereby is being made in reliance on a private placement exemption applicable to “accredited investors” within the meaning of Section 501(a) of Regulation D under the Securities Act or similar exemptions under state law.

    

    

    2.1.5          Investment Purposes. The Subscriber is purchasing the Securities solely
        for investment purposes, for the Subscriber’s own account and not for the account or benefit of any other person, and not with a view towards the distribution or dissemination thereof. The Subscriber did not decide to enter into this Agreement as a
        result of any general solicitation or general advertising within the meaning of Rule 502 under the Securities Act.

    

    

    2.1.6          Restrictions on Transfer; Shell Company. The Subscriber understands the
        Securities are being offered in a transaction not involving a public offering within the meaning of the Securities Act. The Subscriber understands the Securities will be “restricted securities” within the meaning of Rule 144(a)(3) under the
        Securities Act and the Subscriber understands that the certificates or book-entries representing the Securities will contain a legend in respect of such restrictions. If in the future the Subscriber decides to offer, resell, pledge or otherwise
        transfer the Securities, such Securities may be offered, resold, pledged or otherwise transferred only pursuant to: (i) registration under the Securities Act, or (ii) an available exemption from registration. The 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, the Subscriber may be required to deliver to the Company an opinion of counsel satisfactory to the Company. Absent
        registration or an exemption, the Subscriber agrees not to resell the Securities. The Subscriber further acknowledges that because the Company is a shell company, Rule 144 may not be available to the Subscriber for the resale of the Shares until at
        least one year 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.

    

    

    2.1.7          No Governmental Consents. No governmental,
        administrative or other third party consents or approvals are required, necessary or appropriate on the part of the Subscriber in connection with the transactions contemplated by this Agreement.

    

    

    
      
        

        

      

      
        

      

    

    

    

    2.2          Company’s Representations, Warranties and Agreements. To induce the
        Subscriber to purchase the Securities, the Company hereby represents and warrants to the Subscriber and agrees with the Subscriber as follows:

    

    

    2.2.1          Organization and Corporate Power. The Company is a Delaware corporation
        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.

    

    

    2.2.2          No Conflicts. The execution, delivery and performance of this Agreement
        and the consummation by the Company of the transactions contemplated hereby do not violate, conflict with or constitute a default under (i) the Charter or bylaws of the Company, (ii) any agreement, indenture 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.

    

    

    2.2.3          Title to Securities. Upon issuance in accordance with, and payment
        pursuant to, the terms hereof, the Securities will be duly and validly issued, fully paid and nonassessable. Upon issuance in accordance with, and payment pursuant to, the terms hereof, the Subscriber will have or receive good title to the
        Securities, free and clear of all liens, claims and encumbrances of any kind, other than (a) transfer restrictions hereunder and under the other agreements to which the Securities may be subject, (b) transfer restrictions under federal and state
        securities laws, and (c) liens, claims or encumbrances imposed due to the actions of the Subscriber.

    

    

    2.2.4          No Adverse Actions. There are no actions, suits, investigations or
        proceedings pending, threatened against or affecting the Company which: (i) seek to restrain, enjoin, prevent the consummation of or otherwise affect the transactions contemplated by this Agreement or (ii) question the validity or legality of any
        transactions or seeks to recover damages or to obtain other relief in connection with any transactions.

    

    

    2.2.5          Authorization. The shares of Class A Common Stock issuable upon
        conversion of the Shares have been duly authorized and reserved for issuance upon such conversion.

    

    

    	3.	
            Forfeiture of Shares.

          

    

    

    3.1          Partial or No Exercise of the Over-allotment Option. In the event the
        Over-allotment Option granted to the underwriters of the IPO is not exercised in full, the Subscriber acknowledges and agrees that it (or, if applicable, it and any transferees of Shares) shall automatically forfeit at the time such Over- allotment
        Option expires (or earlier if the underwriters of the IPO waive their ability to exercise such Over-allotment Option) any and all rights to such number of Shares (up to an aggregate of 1,125,000 Shares and pro rata based upon the percentage of the
        Over-allotment Option exercised) such that immediately following such forfeiture, the Subscriber (and any such transferees) will own an aggregate number of Shares equal to 20% of the issued and outstanding Common Stock immediately following the
        IPO.

    

    

    3.2          Termination of Rights as Stockholder. If any of the Shares are forfeited
        in accordance with this Section 3, then after such time the Subscriber (or successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take such action as is appropriate to cancel such
        forfeited Shares.

    

    

    
      
        

        

      

      
        

      

    

    

    

    3.3          Share Certificates. In the event an adjustment to the Original
        Certificates, if any, is required pursuant to this Section 3, then the Subscriber shall return such Original Certificates to the Company or its designated agent as soon as practicable upon its receipt of notice from the Company advising the
        Subscriber of such adjustment, following which a new certificate (the “New Certificate”), if any, shall be issued in such amount representing the adjusted number of Shares held by the Subscriber. The New
        Certificate, if any, shall be returned to the Subscriber as soon as practicable. Any such adjustment for any uncertificated securities held by the Subscriber shall be made in book-entry form.

    

    

    4.  Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares purchased
        pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions by the Company from the trust account which will be established for the benefit of the Company’s public
        stockholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an
        initial business combination. For purposes of clarity, in the event the Subscriber purchases securities in the IPO or in the aftermarket, any shares of Class A Common Stock so purchased shall be eligible to receive any liquidating distributions by
        the Company. However, in no event will the Subscriber have the right to redeem any shares of Common Stock held by it into funds held in the Trust Account upon the successful completion of an initial business combination.

    

    

    	5.	
            Restrictions on Transfer.

          

    

    

    5.1          Securities Law Restrictions. In addition to any restrictions to be
        contained in that certain letter agreement (commonly known as an “Insider Letter”) dated on or prior to the closing of the IPO by and between the Subscriber and the Company, the Subscriber agrees not to sell,
        transfer, pledge, hypothecate or otherwise dispose of all or any part of the Securities unless, prior thereto (a) a registration statement on the appropriate form under the Securities Act and applicable state securities laws with respect to the
        Securities proposed to be transferred shall then be effective or (b) the Company has received an opinion from counsel reasonably satisfactory to the Company, that such registration is not required because such transaction is exempt from
        registration under the Securities Act and the rules promulgated by the Securities and Exchange Commission thereunder and with all applicable state securities laws.

    

    

    5.2          Lock-up. The Subscriber acknowledges that the Securities will be subject
        to lock-up provisions (the “Lock-up”) contained in the Insider Letter. Pursuant to the Insider Letter, the Subscriber will agree (subject to certain customary exceptions) not to sell, transfer, pledge,
        hypothecate or otherwise dispose of all or any part of the Securities until the earlier to occur of: (a) one year after the completion of the Company’s initial business combination (b), if the last sale price of the Class A Common Stock equals or
        exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Company’s initial business
        combination or (c) the date on which the Company consummates a liquidation, merger, capital stock exchange, reorganization or other similar transaction after the Company’s initial business combination that results in all of the Company’s
        stockholders having the right to exchange their shares of Common Stock for cash, securities or other property.

    

    

    5.3          Restrictive Legends. All certificates representing the Securities shall
        have endorsed thereon legends substantially as follows:

    

    

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

    

    

    
      
        

        

      

      
        

      

    

    

    

    “THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A LOCK-UP AND MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED DURING
      THE TERM OF THE LOCK-UP.”

    

    

    5.4          Additional Shares or Substituted Securities. In the event of the
        declaration of a share dividend, the declaration of an extraordinary dividend payable in a form other than Common Stock, a spin-off, a share split, an adjustment in conversion ratio, a recapitalization or a similar transaction affecting the
        Company’s outstanding Common Stock without receipt of consideration, any new, substituted or additional securities or other property which are by reason of such transaction distributed with respect to any Securities subject to this Section 5
        or into which such Securities thereby become convertible shall immediately be subject to this Section 5 and Section 3 above. Appropriate adjustments to reflect the distribution of such securities or property shall be made to the
        number and/or class of Securities subject to this Section 5 and Section 3 above.

    

    

    5.5          Registration Rights. The Subscriber acknowledges that the Shares are
        being purchased pursuant to an exemption from the registration requirements of the Securities Act and will become freely tradable only after certain conditions are met or they are registered pursuant to a registration rights agreement to be entered
        into with the Company prior to the closing of the IPO (the “Registration Rights Agreement”).

    

    

    	6.	
            Other Agreements.

          

    

    

    6.1          Further Assurances. The Subscriber agrees to execute such further
        instruments and to take such further action as may reasonably be necessary to carry out the intent of this Agreement.

    

    

    6.2          Notices. All notices, statements or other documents which are required or
        contemplated by this Agreement shall be in writing and delivered (i) 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, and (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.

    

    

    6.3          Entire Agreement. This Agreement, together with that certain Insider
        Letter to be entered into between the Subscriber and the Company and the Registration Rights Agreement, each substantially in the form to be filed as an exhibit to the Registration Statement, embodies the entire agreement and understanding between
        the Subscriber and the Company with respect to the subject matter hereof and supersedes all prior oral or written agreements and understandings relating to the subject matter hereof. No statement, representation, warranty, covenant or agreement of
        any kind not expressly set forth in this Agreement shall affect, or be used to interpret, change or restrict, the express terms and provisions of this Agreement.

    

    

    6.4          Modifications and Amendments. The terms and provisions of this Agreement
        may be modified or amended only by written agreement executed by all parties hereto.

    

    

    
      
        

        

      

      
        

      

    

    

    

    6.5

    Waivers and Consents. The terms and provisions of this Agreement may be waived, or consent for the departure therefrom granted,
        only by written document executed by the party entitled to the benefits of such terms or provisions. No such waiver or consent shall be deemed to be or shall constitute a waiver or consent with respect to any other terms or provisions of this
        Agreement, whether or not similar. Each such waiver or consent shall be effective only in the specific instance and for the purpose for which it was given, and shall not constitute a continuing waiver or consent.

    

    

    6.6

    Assignment. The rights and obligations under this Agreement may not be assigned by either party hereto without the prior written
        consent of the other party.

    

    

    6.7

    Benefit. All statements, representations, warranties, covenants and agreements in this Agreement shall be binding on the parties
        hereto and shall inure to the benefit of the respective successors and permitted assigns of each party hereto. Nothing in this Agreement shall be construed to create any rights or obligations except among the parties hereto, and no person or entity
        shall be regarded as a third- party beneficiary of this Agreement.

    

    

    6.8

    Governing Law. This Agreement and the rights and obligations of the parties hereunder shall be construed in accordance with and
        governed by the laws of New York applicable to contracts wholly performed within the borders of such state.

    

    

    6.9

    Severability. In the event that any court of competent
        jurisdiction shall determine that any provision, or any portion thereof, contained in this Agreement shall be unreasonable or unenforceable in any respect, then such provision shall be deemed limited to the extent that such court deems it
        reasonable and enforceable, and as so limited shall remain in full force and effect. In the event that such court shall deem any such provision, or portion thereof, wholly unenforceable, the remaining provisions of this Agreement shall nevertheless
        remain in full force and effect.

    

    

    6.10

    No Waiver of Rights, Powers and Remedies. No failure or delay by a party hereto in exercising any right, power or remedy under
        this Agreement, and no course of dealing between the parties hereto, shall operate as a waiver of any such right, power or remedy of such party. No single or partial exercise of any right, power or remedy under this Agreement by a party hereto, nor
        any abandonment or discontinuance of steps to enforce any such right, power or remedy, shall preclude such party from any other or further exercise thereof or the exercise of any other right, power or remedy hereunder. The election of any remedy by
        a party hereto shall not constitute a waiver of the right of such party to pursue other available remedies. No notice to or demand on a party not expressly required under this Agreement shall entitle the party receiving such notice or demand to any
        other or further notice or demand in similar or other circumstances or constitute a waiver of the rights of the party giving such notice or demand to any other or further action in any circumstances without such notice or demand.

    

    

    6.11

    Survival of Representations and Warranties. All representations and warranties made by the parties hereto in this Agreement or in
        any other agreement, certificate or instrument provided for or contemplated hereby, shall survive the execution and delivery hereof and any investigations made by or on behalf of the parties.

    

    

    6.12

     No Broker or Finder. Each of the parties hereto represents
        and warrants to the other that no broker, finder or other financial consultant has acted on its behalf in connection with this Agreement or the transactions contemplated hereby in such a way as to create any liability on the other. Each of the
        parties hereto agrees to indemnify and save the other harmless from any claim or demand for commission or other compensation by any broker, finder, financial consultant or similar agent claiming to have been employed by or on behalf of such party
        and to bear the cost of legal expenses incurred in defending against any such claim.

    

    

    
      
        

        

      

      
        

      

    

    

    

    6.13          Headings and Captions. The headings and captions of the various
        subdivisions of this Agreement are for convenience of reference only and shall in no way modify or affect the meaning or construction of any of the terms or provisions hereof.

    

    

    6.14          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 any other form of electronic delivery, 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 signature page were an original thereof.

    

    

    6.15          Construction. The parties hereto have participated jointly in the
        negotiation and drafting of this Agreement. If an ambiguity or question of intent or interpretation arises, this Agreement will be construed as if drafted jointly by the parties hereto and no presumption or burden of proof will arise favoring or
        disfavoring any party hereto because of the authorship of any provision of this Agreement. The words “include,” “includes,” and “including” will be deemed to be followed by “without limitation.” Pronouns in masculine, feminine, and neuter genders
        will be construed to include any other gender, and words in the singular form will be construed to include the plural and vice versa, unless the context otherwise requires. The words “this Agreement,” “herein,” “hereof,” “hereby,” “hereunder,” and
        words of similar import refer to this Agreement as a whole and not to any particular subdivision unless expressly so limited. The parties hereto intend that each representation, warranty, and covenant contained herein will have independent
        significance. If any party hereto has breached any representation, warranty, or covenant contained herein in any respect, the fact that there exists another representation, warranty or covenant relating to the same subject matter (regardless of the
        relative levels of specificity) which such party hereto has not breached will not detract from or mitigate the fact that such party hereto is in breach of the first representation, warranty, or covenant.

    

    

    6.16          Mutual Drafting. This Agreement is the joint product of the Subscriber
        and the Company and each provision hereof has been subject to the mutual consultation, negotiation and agreement of such parties and shall not be construed for or against any party hereto.

    

    

    7.          Voting and Tender of Shares. The Subscriber agrees to vote the Shares in favor of an initial business
        combination that the Company negotiates and submits for approval to the Company’s stockholders and shall not seek redemption with respect to any of the Shares. Additionally, the Subscriber agrees not to tender any Shares in connection with a tender
        offer presented to the Company’s stockholders in connection with an initial business combination negotiated by the Company.

    

    

    [Signature Page Follows]

    
      
        

        

      

      
        

      

    

    

    

    If the foregoing accurately sets forth our understanding and agreement, please sign the enclosed copy of this Agreement and return it to us.

    

    

    	 	
            Very truly yours,

          
	 	 	 	 
	 	
            AXONPRIME INFRASTRUCTURE ACQUISITION CORPORATION

          
	 	 	 	 
	 	
            By:

          	/s/ Jon Layman
	 	 	
            Name:

          	
            Jon Layman

          
	 	 	
            Title:

          	
            President

          

    

    

    Signature Page to Subscription Agreement – Subscriber

    AxonPrime Infrastructure Acquisition Corporation

    
      
        

        

      

      
        

      

    

    

    

    

    

    	
            THE IMMOVABLE MOVERS TRUST

          	 
	 	 	 	 
	
            By:

          	/s/ Dakin Sloss	 
	 	
            Name:

          	
            Dakin Sloss

          	 
	 	
            Title:

          	
            Authorized Person

          	 

    

    

    Signature Page to Subscription Agreement – Subscriber

    AxonPrime Infrastructure Acquisition Corporation

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