Document:

Exhibit 10.5

 

THE SECURITIES DESCRIBED HEREIN HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933 OR THE SECURITIES LAWS OF ANY STATE OR ANY OTHER JURISDICTION. THERE ARE FURTHER RESTRICTIONS ON THE TRANSFERABILITY
OF THE SECURITIES DESCRIBED HEREIN.

 

THE PURCHASE OF THE SECURITIES INVOLVES A HIGH DEGREE OF RISK AND
SHOULD BE CONSIDERED ONLY BY PERSONS WHO CAN BEAR THE RISK OF THE LOSS OF THEIR ENTIRE INVESTMENT.

 

SUBSCRIPTION AGREEMENT

 

This Subscription Agreement (this “Agreement”)
is entered into as of [_________] [_], 2021 between Verity Acquisition Corporation, a Cayman Islands exempted company (the “Company”),
WKA Asset Management (Hong Kong) Limited, a Hong Kong company (the “Sponsor”).

 

RECITALS

 

WHEREAS, the Company was incorporated for the purpose
of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination
with one or more businesses (a “Business Combination”);

 

WHEREAS, the Company has confidentially submitted
to the U.S. Securities and Exchange Commission (the “SEC”) a draft registration statement on Form S-1 (the “Registration
Statement”) for its initial public offering (“IPO”) of units (the “Public Units”), at
a price of $10.00 per Public Unit, each Public Unit comprised of ordinary share, par value $0.0001 per share (“Ordinary Shares”,
and the Ordinary Shares included in the Public Units, the “Public Shares”), and one-half of one redeemable warrant,
where each whole warrant is initially exercisable to purchase one share of Ordinary Shares at an exercise price of $11.50 per share, subject
to adjustment (the “Warrants”, and the Warrants included in the Public Units, the “Public Warrants”);

 

WHEREAS, proceeds from the IPO and the sale of
the Private Placement Units (as defined below) in an aggregate amount equal to the aggregate gross proceeds from the IPO will be deposited
into a trust account for the benefit of the holders of the Public Shares (the “Trust Account”), as described in the
Registration Statement;

 

WHEREAS, following the closing of the IPO (the
“IPO Closing”), the Company will seek to identify and consummate a Business Combination;

 

WHEREAS, in connection with the IPO, the Sponsor
will purchase, in a private placement that will close simultaneously with the IPO Closing, units which are identical to the Public Units
(the “Private Placement Units”), for a purchase price of $10.00 per Private Placement Unit, each Private Placement
Unit is comprised of one Ordinary Shares (the “Private Shares”), and one-half of one redeemable warrant, where
each whole warrant is initially exercisable to purchase one share of Ordinary Shares at an exercise price of $11.50 per share, subject
to adjustment (the “Warrants”, and the Warrants included in the Private Placement Units, the “Private Warrants”);

 

WHEREAS, the parties wish to enter into this Agreement,
pursuant to which the Sponsor shall subscribe for and purchase the 585,000 Private Placement Units (the “Subscribed Securities”);
and

 

WHEREAS, the Company and the Sponsor have entered
into this Agreement for the purchase of the Private Placement Units set forth therein.

 

WHEREAS, the Company and the Sponsor intend for
the purchase of Private Placement Units as set forth herein to be made pursuant to Rule 506(b) of Regulation D promulgated under the Securities
Act.

 

NOW, THEREFORE, in consideration of the premises,
representations, warranties and the mutual covenants contained in this Agreement, and for other good and valuable consideration, the receipt,
sufficiency and adequacy of which are hereby acknowledged, the parties hereto agree as follows:

 

     

     

    

 

AGREEMENT

 

1. Sale and Purchase.

 

(a) Securities.

 

(i) Subject to the terms and conditions hereof, the
Sponsor hereby irrevocably subscribes for and agrees to purchase from the Company, and the Company agrees to issue and sell to the Sponsor,
the number of Subscribed Securities set forth on Schedule A hereto for the aggregate purchase price set forth on Schedule
A hereto (the “Purchase Price”). The Sponsor acknowledges that the Subscribed Securities, and any securities
of the Company that may be distributed to the Sponsor on account of the Subscribed Securities (collectively, the “Securities”),
will be subject to restrictions on transfer as set forth in this Agreement.

 

(ii) The Sponsor shall remit the Purchase Price to
the Company’s transfer agent (to be held in escrow pending the IPO Closing), by wire transfer of immediately available funds or
other means approved by the Company, within five (5) Business Day of the date of this Agreement. As used herein, “Business Day”
means any day, other than a Saturday or a Sunday, that is neither a legal holiday nor a day on which banking institutions are generally
authorized or required by law or regulation to close in the City of New York, New York. If the IPO Closing has not occurred by October
31, 2021, then, unless the Sponsor otherwise agrees in writing, the Company will promptly cause its transfer agent to return such amounts
to the Sponsor.

 

(iii) In the event that the underwriters’ over-allotment
option in connection with the IPO (the “Over-allotment Option”) is exercised, the Sponsor shall not purchase any additional
Private Placement Units.

 

(iv)  On the date of the IPO Closing, the Company
shall issue to the Sponsor the number of Private Placement Units set forth on Schedule A hereto.

 

(b)  Delivery of Securities.

 

(i) The Company shall register the Sponsor as the
owner of the Subscribed Securities with the Company’s transfer agent by book entry on or prior to the date of the IPO Closing (provided
that prior to the Company’s appointment of a transfer agent it shall register the Sponsor as the owner of such securities in the
Company’s stock ledger upon issuance thereof).

 

(ii) Each register and book entry for the Securities
shall contain a notation, and each certificate (if any) evidencing the Securities shall be stamped or otherwise imprinted with a legend,
in substantially the following form:

 

“THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED
UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION, AND MAY NOT
BE TRANSFERRED IN VIOLATION OF SUCH ACT AND LAWS.

 

THE SALE, PLEDGE, HYPOTHECATION, OR TRANSFER OF THE SECURITIES
REPRESENTED HEREBY ARE SUBJECT TO THE TERMS AND CONDITIONS OF A CERTAIN SUBSCRIPTION AGREEMENT BY AND AMONG THE HOLDER AND THE OTHER PARTIES
THERETO. COPIES OF SUCH AGREEMENT MAY BE OBTAINED UPON WRITTEN REQUEST TO THE SECRETARY OF THE COMPANY.”

 

(c) Registration Rights. Prior to the
IPO, the Company shall enter into a Registration Rights Agreement (the “Registration Rights Agreement”) with the Sponsor
that shall provide the Sponsor with registration rights with respect to the Subscribed Securities.

 

 

    2

     

    

 

2. Representations and Warranties
of the Sponsor.  The Sponsor represents and warrants to the Company as follows, as of the date hereof:

 

(a)  Organization and Power.  The
Sponsor is duly organized, validly existing, and in good standing under the laws of the jurisdiction of its formation and has all requisite
power and authority to carry on its business as presently conducted and as proposed to be conducted.

 

(b)  Authorization.  The Sponsor
has full power and authority to enter into this Agreement. This Agreement, when executed and delivered by the Sponsor, will constitute
the valid and legally binding obligation of the Sponsor, enforceable against the Sponsor in accordance with its terms, except (i) as
limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance and any other laws of general application
affecting enforcement of creditors’ rights generally or (ii) as limited by laws relating to the availability of specific performance,
injunctive relief or other equitable remedies.

 

(c) Governmental Consents and Filings. 
No consent, approval, order or authorization of, or registration, qualification, designation, declaration or filing with, any federal,
state or local governmental authority is required on the part of the Sponsor in connection with the consummation of the transactions
contemplated by this Agreement, except for filings pursuant to applicable securities laws, rules or regulations.

 

(d)  Compliance with Other Instruments. 
The execution, delivery and performance by the Sponsor of this Agreement and the consummation by the Sponsor of the transactions contemplated
by this Agreement will not result in any violation or default (i) under any provisions of its organizational documents, (ii) under
any instrument, judgment, order, writ or decree to which it is a party or by which it is bound, (iii) under any note, indenture or
mortgage to which it is a party or by which it is bound, (iv) under any lease, agreement, contract or purchase order to which it
is a party or by which it is bound or (v) under any provision of federal or state statute, rule or regulation applicable to
the Sponsor, in each case (other than clause (i)), which would have a material adverse effect on the Sponsor’s ability to consummate
the transactions contemplated by this Agreement.

 

(e) Purchase Entirely for Own Account. 
This Agreement is made with the Sponsor in reliance upon the Sponsor’s representation to the Company, which by the Sponsor’s
execution of this Agreement, the Sponsor hereby confirms, that the Securities to be acquired by the Sponsor will be acquired for investment
for the Sponsor’s own account, not as a nominee or agent, and not with a view to the resale or distribution of any part thereof
in violation of any state or federal securities laws, and that the Sponsor has no present intention of selling, granting any participation
in, or otherwise distributing the same in violation of law. By executing this Agreement, the Sponsor further represents that the Sponsor
does not presently have any contract, undertaking, agreement or arrangement with any Person (other than the Company) to sell, transfer
or grant participations to such Person or to any third Person, with respect to any of the Securities. For purposes of this Agreement,
“Person” means an individual, a limited liability company, a partnership, a joint venture, a corporation, a trust,
an unincorporated organization, any other entity or any government or any department or agency thereof.

 

(f) Disclosure of Information. 
The Sponsor has had an opportunity to discuss the Company’s business, management, financial affairs and the terms and conditions
of the offering of the Securities, as well as the terms of the Company’s proposed IPO, with the Company’s management.

 

(g) Restricted Securities.  The
Sponsor understands that the offer and sale of the Securities to the Sponsor has not been and will not be registered under the Securities
Act, by reason of a specific exemption from the registration provisions of the Securities Act which depends upon, among other things,
the bona fide nature of the investment intent and the accuracy of the Sponsor’s representations as expressed herein. The Sponsor
understands that the Securities are “restricted securities” under applicable U.S. federal and state securities laws and that,
pursuant to these laws, the Sponsor must hold the Securities indefinitely unless they are registered with the SEC and qualified by state
authorities, or an exemption from such registration and qualification requirements is available. The Sponsor acknowledges that the Company
has no obligation to register or qualify the Securities except pursuant to the Registration Rights Agreement.  The Sponsor further
acknowledges that if an exemption from registration or qualification is available, it may be conditioned on various requirements including,
but not limited to, the time and manner of sale, the holding period for the Securities, and on requirements relating to the Company
which are outside of the Sponsor’s control, and which the Company is under no obligation and may not be able to satisfy. The Sponsor
acknowledges that the Company has confidentially submitted the Registration Statement for its proposed IPO. The Sponsor understands that
the offering of Securities and transactions contemplated hereunder are not and are not intended to be part of the IPO, and that the Sponsor
will not be able to rely on the protection of Section 11 of the Securities Act with respect to its purchase of Securities hereunder.

 

    3

     

    

 

(h)  No Public Market.  The Sponsor
understands that no public market now exists for the Securities, and that the Company has not made any assurances that a public market
will ever exist for the Securities.

 

(i) High Degree of Risk.  The Sponsor
understands that the purchase of the Subscribed Securities involves a high degree of risk which could cause the Sponsor to lose all or
part of its investment.

 

(j)  Accredited Investor.  The Sponsor
is an accredited investor as defined in Rule 501(a) of Regulation D promulgated under the Securities Act.

 

(k)  No General Solicitation.  Neither
the Sponsor, nor any of its officers, directors, employees, agents, stockholders or partners has either directly or indirectly, including,
through a broker or finder (i) to its knowledge, engaged in any general solicitation, or (ii) published any advertisement in
connection with the offer and sale of the Securities.

 

(l) Place of Investment Decision. 
The Sponsor’s investment decision was made in the office or offices located at the address of the Sponsor set forth on the signature
page hereof.

 

(m)  Adequacy of Financing. The
Sponsor will, when such funds are due hereunder, have sufficient funds to satisfy its obligations under this Agreement.

 

(o)  No Other Representations and Warranties;
Non-Reliance.  Except for the specific representations and warranties contained in this Section 3 and in
any certificate or agreement delivered pursuant hereto, none of the Sponsor nor any person acting on behalf of the Sponsor nor any of
the Sponsor’s affiliates (the “Sponsor Parties”) has made, makes or shall be deemed to make any other express
or implied representation or warranty with respect to the Sponsor and this offering, and the Sponsor Parties disclaim any such representation
or warranty. Except for the specific representations and warranties expressly made by the Company in Section 4 of
this Agreement and in any certificate or agreement delivered pursuant hereto, the Sponsor Parties specifically disclaim that they are
relying upon any other representations or warranties that may have been made by the Company, any person on behalf of the Company or any
of the Company’s affiliates (collectively, the “Company Parties”) with respect to the transactions contemplated
hereby.

 

 

3. Representations, Warranties
and Covenants of the Company. The Company represents, warrants and covenants to the Sponsor as follows:

 

(a)  Organization and Corporate Power. 
The Company is formed and validly existing under the laws of the Cayman Islands and has all requisite corporate power and authority to
carry on its business as presently conducted and as proposed to be conducted.

 

(b) Authorization.  All corporate
action required to be taken by the Company’s Board of Directors and stockholders in order to authorize the Company to enter into
this Agreement, and to issue the Subscribed Securities, has been taken on or prior to the date hereof. All action on the part of the stockholders,
directors and officers of the Company necessary for the execution and delivery of this Agreement, the performance of all obligations of
the Company under this Agreement, and the issuance and delivery of the Subscribed Securities has been taken on or prior to the date hereof.
This Agreement, when executed and delivered by the Company, shall constitute the valid and legally binding obligation of the Company,
enforceable against the Company in accordance with its terms except (i) as limited by applicable bankruptcy, insolvency, reorganization,
moratorium, fraudulent conveyance, or other laws of general application relating to or affecting the enforcement of creditors’ rights
generally or (ii) as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable
remedies.

 

    4

     

    

 

(c) Valid Issuance of Securities.

 

(i) The Subscribed Securities, when issued,
sold and delivered in accordance with the terms and for the consideration set forth in this Agreement, will be validly issued and fully
paid, as applicable, and free of all preemptive or similar rights, taxes, liens, encumbrances and charges with respect to the issue thereof
and restrictions on transfer other than restrictions on transfer specified under this Agreement, applicable state and federal securities
laws and liens or encumbrances created by or imposed by the Sponsor. Assuming the accuracy of the representations of the Sponsor in this
Agreement and subject to the filings described in Section 4(e) below, the Subscribed Securities will be issued
in compliance with all applicable federal and state securities laws, rules and regulations.

 

(ii) No “bad actor” disqualifying
event described in Rule 506(d)(1)(i)-(viii) of the Securities Act (a “Disqualification Event”) is applicable
to the Company or, to the Company’s knowledge, any Company Covered Person (as defined below), except for a Disqualification Event
as to which Rule 506(d)(2)(ii–iv) or (d)(3), is applicable. “Company Covered Person” means, with respect
to the Company as an “issuer” for purposes of Rule 506 promulgated under the Securities Act, any Person listed in the
first paragraph of Rule 506(d)(1).

 

(d) IPO.

 

(i) The Company has provided to the Sponsor,
and will at all times prior to the consummation of the IPO promptly provide to the Sponsor, copies of all correspondence sent by the Company
to, or received by the Company from, the SEC.

 

(ii) The offers and sales of securities
in the IPO will be made pursuant to an effective Registration Statement and otherwise in compliance with the Securities Act and the rules
and regulations promulgated thereunder and applicable state securities laws, rules and regulations.

 

 

(f) Governmental Consents and Filings. 
Assuming the accuracy of the representations made by the Sponsor in this Agreement, no consent, approval, order or authorization of, or
registration, qualification, designation, declaration or filing with, any federal, state or local governmental authority is required on
the part of the Company in connection with the consummation of the transactions contemplated by this Agreement, except for filings pursuant
to Regulation D of the Securities Act and applicable state securities laws, if any.

 

(g) Compliance with Other Instruments. 
The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated by this Agreement will
not result in any violation or default (i) under any provisions of the certificate of incorporation, bylaws or other governing documents
of the Company, (ii) under any instrument, judgment, order, writ or decree to which the Company is a party or by which it is bound,
(iii) under any note, indenture or mortgage to which the Company is a party or by which it is bound, (iv) under any lease, agreement,
contract or purchase order to which the Company is a party or by which it is bound or (v) under any provision of federal or state
statute, rule or regulation applicable to the Company, in each case (other than clause (i)) which would have a material adverse effect
on the Company or its ability to consummate the transactions contemplated by this Agreement.

 

(h) Operations. As of the date hereof,
the Company has not conducted, and prior to the IPO Closing the Company will not conduct, any operations other than organizational activities
and activities in connection with offerings of the Securities.

 

(i) Foreign Corrupt Practices. Neither
the Company, nor any director, officer, agent, employee or other Person acting on behalf of the Company has, in the course of its actions
for, or on behalf of, the Company (i) used any corporate funds for any unlawful contribution, gift, entertainment or other unlawful
expenses relating to political activity; (ii) made any direct or indirect unlawful payment to any foreign or domestic government
official or employee from corporate funds; (iii) violated or is in violation of any provision of the U.S. Foreign Corrupt Practices
Act of 1977, as amended; or (iv) made any unlawful bribe, rebate, payoff, influence payment, kickback or other unlawful payment to
any foreign or domestic government official or employee.

 

    5

     

    

 

(j) Compliance with Anti-Money Laundering
Laws. The operations of the Company are and have been conducted at all times in compliance with applicable financial recordkeeping
and reporting requirements and all other applicable U.S. and non-U.S. anti-money laundering laws and regulations, including, but not limited
to, those of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the USA Patriot Act of 2001 and the applicable money
laundering statutes of all applicable jurisdictions, the rules and regulations thereunder and any related or similar rules, regulations
or guidelines, issued, administered or enforced by any governmental agency (collectively, the “Anti-Money Laundering Laws”),
and no action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Company
with respect to the Anti-Money Laundering Laws is pending or, to the knowledge of the Company, threatened.

 

(k) Absence of Litigation. There is no
action, suit, proceeding, inquiry or investigation before or by any court, public board, government agency, self-regulatory organization
or body pending or, to the knowledge of the Company, threatened against or affecting the Company or any of the Company’s officers
or directors, whether of a civil or criminal nature or otherwise, in their capacities as such.

 

(l) No General Solicitation.  Neither
the Company, nor any of its officers, managers, employees, agents or members has either directly or indirectly, including, through a broker
or finder (i) engaged in any general solicitation or (ii) published any advertisement in connection with the offer and sale
of the Subscribed Securities.

 

(m) Non-Public Information. The Company
represents and warrants that none of the information conveyed to the Sponsor in connection with the transactions contemplated by this
Agreement will constitute material non-public information of the Company upon the effectiveness of the Registration Statement.

 

(n) No Other Representations and Warranties;
Non-Reliance.  Except for the specific representations and warranties contained in this Section 3 and in
any certificate or agreement delivered pursuant hereto, none of the Company Parties has made, makes or shall be deemed to make any other
express or implied representation or warranty with respect to the Company or the offering of Securities hereunder, and the Company Parties
disclaim any such representation or warranty. Except for the specific representations and warranties expressly made by the Sponsor in Section 2 of
this Agreement and in any certificate or agreement delivered pursuant hereto, the Company Parties specifically disclaim that they are
relying upon any other representations or warranties that may have been made by the Sponsor Parties.

 

4. Additional Agreements and Acknowledgements
of the Sponsor.

 

(a) Transfer Restrictions.  The
Sponsor agrees that it shall not Transfer (as defined below) any Private Placement Units (or any Ordinary Shares issuable upon exercise
of the Private Placement Units) until 30 days after the Business Combination Closing. Notwithstanding the first sentence hereinabove,
Transfers of the Securities are permitted (i) to any other person or entity that holds Ordinary Shares prior to the consummation
of the IPO; (ii) to the Company’s officers, directors or employees; (iii) in the case of an entity, as a distribution
to its partners, stockholders or members upon liquidation; (iv) in the case of an individual, by gift to a member of the individual’s
immediate family, to a trust, the beneficiary of which is a member of the individual’s immediate family, for estate planning purposes;
(v) in the case of an individual, by virtue of laws of descent and distribution upon death of the individual; (vi) in the case
of an individual, pursuant to a qualified domestic relations order; (vii) by pledges to secure obligations incurred in connection
with purchases of the Company’s securities; (viii) by private sales or transfers made in connection with the consummation of
a Business Combination at prices no greater than the price at which the applicable Securities were originally purchased; (ix) in
the event of the Company’s liquidation, bankruptcy or dissolution prior to the completion of a Business Combination; (x) to
the Sponsor’s affiliates, to any investment fund or other entity controlled or managed by the Sponsor, or to any investment manager
or investment advisor of the Sponsor or an affiliate of any such investment manager or investment advisor or to any investment fund or
other entity controlled or managed by such persons; (xi) to a nominee or custodian of a person or entity to whom a disposition or
transfer would be permissible under clauses (i) through (x) above; and (xii) pursuant to the provisions of Section 2 of
this Agreement (each of the foregoing, a “Permitted Transferee”); provided, however, that in the case of clauses (i) through
(xi), these permitted transferees must enter into a written agreement agreeing to be bound by the terms of this Agreement, including the
forfeiture provisions of Section 2 and these transfer restrictions. As used in this Agreement, “Transfer”
shall mean the (x) sale of, offer to sell, contract or agreement to sell, hypothecation, pledge, grant of any option to purchase
or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position
or liquidation with respect to or decrease of a call equivalent position (within the meaning of Section 16 of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”), and the rules and regulations of the SEC promulgated thereunder)
with respect to, any of the Securities; (y) entry into any swap or other arrangement that transfers to another, in whole or in part,
any of the economic consequences of ownership of any of the Securities, whether any such transaction is to be settled by delivery of such
Securities, in cash or otherwise, or (z) public announcement of any intention to effect any transaction specified in clause (x) or
(y); provided further, that this Section 5(a) shall not prohibit the Sponsor from effecting a Short Sale (as defined below) with securities
that do not constitute “Securities” under this Agreement.

 

    6

     

    

 

(b) Trust Account.

 

(i) The Sponsor hereby acknowledges that
it is aware that the Company will establish the Trust Account for the benefit of its public stockholders upon the IPO Closing. The Sponsor
hereby agrees that it has no right, title, interest or claim of any kind in or to any monies held in the Trust Account, or any other asset
of the Company as a result of any liquidation of the Company, except for redemption and liquidation rights, if any, the Sponsor may have
in respect of any Public Shares held by it.

 

(ii) The Sponsor hereby agrees that it
shall have 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, except for redemption and liquidation rights, if any, the Sponsor may have in respect of any Public Shares held by it. In the
event the Sponsor has any Claim against the Company under this Agreement, the Sponsor 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, except for redemption and liquidation
rights, if any, the Sponsor may have in respect of any Public Shares held by it.

 

(c) No Short Sales. The Sponsor hereby
agrees that neither it, nor any person or entity acting on its behalf, will engage in any Short Sales with respect to securities of the
Company prior to the closing of the Business Combination. For purposes of this Section 5.1(c), “Short Sales” shall include,
without limitation, all “short sales” as defined in Rule 200 promulgated under Regulation SHO under the Exchange Act, and
all types of direct and indirect stock pledges (other than pledges in the ordinary course of business as part of prime brokerage arrangements),
forward sale contracts, options, puts, calls, swaps and similar arrangements (including on a total return basis).

 

(d) Use of Sponsor’s Name. Neither
the Company nor the Sponsor will, without the written consent of the Sponsor in each instance, use in advertising, publicity or otherwise
the name of the Sponsor or any of its affiliates, or any director, officer or employee of the Sponsor, nor any trade name, trademark,
trade device, service mark, symbol or any abbreviation, contraction or simulation thereof owned by the Sponsor or its affiliates or any
information relating to the business or operations of the Sponsor or its affiliates (including, for the avoidance of doubt, any investment
vehicles, funds or accounts managed thereby). Notwithstanding the foregoing, the Company may disclose (i) Sponsor’s name and
information concerning the Sponsor (A) to the extent required by law, regulation or regulatory request, including in the Registration
Statement or (B) to the Company’s lawyers, independent accountants and to other advisors and service providers who reasonably
require Sponsor’s information in connection with the provision of services to the Company, are advised of the confidential nature
of such information and are obligated to keep such information confidential, and (ii) Sponsor’s name and the terms of this
Agreement to the other Subscription Parties. The Company and the Sponsor agree to provide to the Sponsor for Sponsor’s review any
disclosure in any registration statement, proxy statement or other document in advance of the submission, filing or disclosure of such
document in connection with the transactions contemplated by this Agreement with respect to the Sponsor or any of its affiliates, and
will not make any such submission, filing or disclosure without including any revisions reasonably requested in writing by the Sponsor
or to the extent the Sponsor has a good faith objection to such submission, filing or disclosure.

 

5. General Provisions.

 

(a) Notices.  All notices and other
communications given or made pursuant to this Agreement shall be in writing and shall be deemed effectively given upon the earlier of
actual receipt, or (i) personal delivery to the party to be notified, (ii) when sent, if sent by electronic mail or facsimile
(if any) during normal business hours of the recipient, and if not sent during normal business hours, then on the recipient’s next
Business Day, (iii) five (5) Business Days after having been sent by registered or certified mail, return receipt requested,
postage prepaid, or (iv) one (1) Business Day after deposit with a nationally recognized overnight courier, freight prepaid,
specifying next Business Day delivery, with written verification of receipt. All communications sent to the Company shall be sent to:
Verity Acquisition Corporation, Office E, 7/F, 45 Pottinger Street, Central,
Hong Kong, Attention: Bing Lin, CEO , Email: bing.lin@verityholding.com, with a copy to Loeb & Loeb LLP, 345 Park Ave, New
York, New York 10154, Attention: Giovanni Caruso, Email: gcaruso@loeb.com.

 

    7

     

    

 

All communications to the Sponsor shall be sent
to the Sponsor’s address as set forth on the signature page hereto, or to such email address, facsimile number (if any) or
address as subsequently modified by written notice given in accordance with this Section 6(a).

 

(b) No Finder’s Fees.  Each
party represents that it neither is nor will be obligated for any finder’s fee or commission in connection with this transaction.
The Sponsor agrees to indemnify and to hold harmless the Company from any liability for any commission or compensation in the nature of
a finder’s or broker’s fee arising out of this transaction (and the costs and expenses of defending against such liability
or asserted liability) for which the Sponsor or any of its officers, employees or representatives are responsible. The Company agrees
to indemnify and hold harmless the Sponsor from any liability for any commission or compensation in the nature of a finder’s or
broker’s fee arising out of this transaction (and the costs and expenses of defending against such liability or asserted liability)
for which the Company or any of its officers, employees or representatives is responsible.

 

(c) Survival of Representations and Warranties. 
All of the representations and warranties contained herein shall survive the consummation of the transactions contemplated by this Agreement.

 

(d) Entire Agreement.  This Agreement,
together with any other documents, instruments and writings that are delivered pursuant hereto or referenced herein, constitutes the entire
agreement and understanding of the parties hereto in respect of its subject matter and supersedes all prior understandings, agreements,
or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof
or the transactions contemplated hereby.

 

(e) Successors.  All of the terms,
agreements, covenants, representations, warranties, and conditions of this Agreement are binding upon, and inure to the benefit of and
are enforceable by, the parties hereto and their respective successors. Nothing in this Agreement, express or implied, is intended to
confer upon any party other than the parties hereto or their respective successors and assigns any rights, remedies, obligations or liabilities
under or by reason of this Agreement, except as expressly provided in this Agreement.

 

(f) Assignments.  Except as otherwise
specifically provided herein, no party hereto may assign either this Agreement or any of its rights, interests, or obligations hereunder
without the prior written approval of the other party.

 

(g) Counterparts.  This Agreement
may be executed in two or more counterparts, each of which will be deemed an original but all of which together will constitute one and
the same instrument.

 

(h) Headings.  The section headings
contained in this Agreement are inserted for convenience only and will not affect in any way the meaning or interpretation of this Agreement.

 

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

 

(j) Jurisdiction.  The parties hereby
irrevocably and unconditionally (i) submit to the jurisdiction of the state courts of New York and the United States District Court
for the Southern District of New York for the purpose of any suit, action or other proceeding arising out of or based upon this Agreement,
(ii) agree not to commence any suit, action or other proceeding arising out of or based upon this Agreement except in state courts
of New York or the United States District Court for the Southern District of New York, and (iii) waive, and agree not to assert,
by way of motion, as a defense, or otherwise, in any such suit, action or proceeding, any claim that it is not subject personally to the
jurisdiction of the above-named courts, that its property is exempt or immune from attachment or execution, that the suit, action or proceeding
is brought in an inconvenient forum, that the venue of the suit, action or proceeding is improper or that this Agreement or the subject
matter hereof may not be enforced in or by such court.

 

    8

     

    

 

(k) WAIVER OF JURY TRIAL.  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.

 

(l) Amendments.  This Agreement
may not be amended, modified or waived as to any particular provision, except with the prior written consent of the Company and the Sponsor.

 

(m) Severability.  The provisions
of this Agreement will be deemed severable and the invalidity or unenforceability of any provision will not affect the validity or enforceability
of the other provisions hereof; provided that if any provision of this Agreement, as applied to any party hereto or to any circumstance,
is adjudged by a governmental authority, arbitrator, or mediator not to be enforceable in accordance with its terms, the parties hereto
agree that the governmental authority, arbitrator, or mediator making such determination will have the power to modify the provision in
a manner consistent with its objectives such that it is enforceable, and/or to delete specific words or phrases, and in its reduced form,
such provision will then be enforceable and will be enforced.

 

(n) Expenses.  Each of the Company
and the Sponsor will bear its own costs and expenses incurred in connection with the preparation, execution and performance of this Agreement
and the consummation of the transactions contemplated hereby, including all fees and expenses of agents, representatives, financial advisors,
legal counsel and accountants. The Company shall be responsible for the fees of its transfer agent, stamp taxes and all of The Depository
Trust Company’s fees associated with the issuance of the Securities and the securities issuable upon conversion or exercise of the
Securities.

 

(o) 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. Any reference to any federal, state, local,
or foreign law will be deemed also to refer to law as amended and all rules and regulations promulgated thereunder, unless the context
requires otherwise. 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.

 

(p) Waiver.  No waiver by any party
hereto of any default, misrepresentation, or breach of warranty or covenant hereunder, whether intentional or not, may be deemed to extend
to any prior or subsequent default, misrepresentation, or breach of warranty or covenant hereunder or affect in any way any rights arising
because of any prior or subsequent occurrence.

 

(q) Specific Performance.  Each
party hereto agrees that irreparable damage may occur in the event any provision of this Agreement was not performed by the other party
hereto in accordance with the terms hereof and that the such party shall be entitled to specific performance of the terms hereof, in addition
to any other remedy at law or equity.

 

(r) Confidentiality.  Except as
may be required by law, regulation or applicable stock exchange listing requirements (but subject in any case to the provisions of Section 5(d) hereof),
unless and until the transactions contemplated hereby and the terms hereof are publicly announced or otherwise publicly disclosed by the
Company, the parties hereto shall keep confidential and shall not publicly disclose the existence or terms of this Agreement.  Notwithstanding
the foregoing, the Sponsor shall be permitted to disclose any information to its affiliates and its and their respective directors, officers,
employees, advisors, director or indirect owners, agents and representatives, in each case so long as such person or entity has been advised
of the confidentiality obligations hereunder; provided that the Sponsor shall be liable for any breach of such confidentiality obligations
by any such person or entity.

 

[Signature page follows]

 

    9

     

    

 

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

 	COMPANY:	 
	 	 	 
	VERITY ACQUISITION CORPORATION
	 	 
	By:	 	 
	Name: 	Bing Lin	 
	Title:	Chief Executive Officer	 
	 	 	 
	SPONSOR:	 
	 	 	 
	WKA ASSET MANAGEMENT (HONG KONG) LIMITED
	 	 	 
	By:	 	 
	Name:	 	 
	Title:	 	 

 

	Sponsor’s Address for Notices:
	 
	
    Unit C, 9/F, Neich Tower

    128 Gloucester Road

    Wan Chai, Hong Kong

 

    10

     

    

 

Schedule A

 

	 	 	Number of
 Subscribed Securities	 	 	Initial Purchase Price	 
	Private Placement Units	 	 	585,000	 	 	$	5,850,000Exhibit 10.6

 

Verity
Acquisition Corporation

Office
E, 7/F, 45 Pottinger Street,

Central,
Hong Kong 

 

[_________]
__, 2021

 

C
Block Capital Group Limited

Vistra Corporate Services Centre

Wickhams
Cay II, Road Town

Tortola,
VG1110 British Virgin Islands

 

Ladies
and Gentlemen:

 

This
letter will confirm our agreement that, commencing on the effective date (the “Effective Date”) of the registration
statement on Form S-1 (the “Registration Statement”) for the initial public offering (the “IPO”)
of the securities of Verity Acquisition Corporation (the “Company”) and continuing until the earlier of (i)
the consummation by the Company of an initial business combination (a “Business Combination”) or (ii) the Company’s
liquidation (in each case as described in the Registration Statement) (such earlier date hereinafter referred to as the “Termination
Date”), C Block Capital Group Limited (“Provider”) shall make available to the Company certain
office space, utilities, secretarial and administrative services as may be required by the Company from time to time, situated at Office
E, 7/F, 45 Pottinger Street, Central, Hong Kong  (or any successor location). In exchange therefore, the Company shall pay Provider
a sum equal to $10,000 per month, commencing on the Effective Date and continuing monthly thereafter until the Termination Date. Provider
agrees that payment of such amounts may be deferred, without interest, until the date of consummation by the Company of the initial Business
Combination upon a determination by the Company’s audit committee that the Company lacks sufficient funds held outside the Trust
Account (as defined below) to pay the Company’s actual or anticipated expenses in connection with the Company’s initial Business
Combination. Provider hereby agrees that it does not have any right, title, interest or claim of any kind in or to any monies that may
be set aside in a trust account (the “Trust Account”) that may be established by the Company for the benefit
of the Company’s public stockholders upon the consummation of the IPO as described in the Registration Statement (“Claim”)
and hereby waives any Claim it may have in the future as a result of, or arising out of, any negotiations, contracts or agreements with
the Company in connection with this letter agreement and will not seek recourse against the Trust Account for any reason whatsoever.

  

	 	Very truly
    yours,
	 	 
	 	VERITY ACQUISITION CORPORATION
	 	 	 

    

	 	By: 	/s/
    Chak Man Leung
	 	Name:	Chak Man Leung
	 	Title:	President

 

AGREED
TO AND ACCEPTED BY:

 

C
Block Capital Group Limited

 

	By:	/s/ Bing Lin	 
	Name:  	Bing Lin	 
	Title:	Chief Executive Officer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00338-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00338-of-00352.parquet"}]]