Exhibit 10.4


 


CORSAIR PARTNERING CORPORATION 


717 Fifth Avenue,
24th Floor 


New York, NY
10022


 


June 30, 2021


 


Corsair Partnering Sponsor LP 


717 Fifth Avenue, 24th Floor 


New York, NY 10022


 


Re:Administrative Support Agreement


 


Ladies and Gentlemen:


 


This letter agreement by and between Corsair Partnering
Corporation (the “Company”) and Corsair Partnering Sponsor LP (“Sponsor”), dated as
of the date hereof, will confirm our agreement that, commencing on the date the securities of the Company are first listed on the New
York Stock Exchange (the “Listing Date”), pursuant to a Registration Statement on Form S-1 and
prospectus filed with the Securities and Exchange Commission (the “Registration Statement”) and continuing until
the earlier of the consummation by the Company of an initial partnering transaction or the Company’s liquidation (in each case as
described in the Registration Statement) (such earlier date hereinafter referred to as the “Termination Date”):


 


		i.	Sponsor shall make available, or cause to be made available, to the Company, at 717 Fifth Avenue, 24th Floor, New York,
New York 10022 (or any successor location), certain office space, utilities and secretarial and administrative support as may be reasonably
required by the Company. In exchange therefor, the Company shall pay Sponsor the sum of up to $15,000 per month on the Listing Date and
continuing monthly thereafter until the Termination Date; and



 


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



 


This letter agreement constitutes the entire agreement
and understanding of the parties hereto in respect of its subject matter and supersedes all prior understandings, agreements, or representations
by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof or the transactions
contemplated hereby.


 


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


 


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


 


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


 


[Signature
Page Follows] 




     


     


    

	 	
    Very truly yours,

     

    CORSAIR PARTNERING CORPORATION

     

	 	By:	/s/ Paul Cabral
	 	 	Name:Paul Cabral
	 	 	Title:Chief Financial Officer


  


 


AGREED TO AND ACCEPTED BY:


 


	
    Corsair Partnering Sponsor
    LP

     

    By: Corsair Sponsor GP, its general partner

     
	 
	By:	/s/ Jeremy S. Schein	 
	 	Name:Jeremy S. Schein	 
	 	Title:President	 


  


 


[Signature Page to Administrative Support Agreement]