Document:

EX-10.8

 Exhibit 10.8 

Lazard Growth Acquisition Corp. I 

30 Rockefeller Plaza 
 New York, New
York 10112 
 [●], 2021 
 Lazard Group LLC

 30 Rockefeller Plaza 
 New York, New York 10112 

Ladies and Gentlemen: 
 This letter will confirm our agreement
that, commencing on the date (the “Effective Date”) that the securities of Lazard Growth Acquisition Corp. I (the “Company”) are first listed on the Nasdaq Capital Market and continuing until the
earlier of (i) the consummation by the Company of an initial business combination and (ii) the Company’s liquidation (in each case as described in the Registration Statement on Form S-1 (File No. 333-252408) filed with the Securities and Exchange Commission for the initial public offering (the “IPO”) of the Company’s securities) (such earlier date hereinafter referred to
as the “Termination Date”), Lazard Group LLC or an affiliate of Lazard Group LLC (the “Provider”) shall take steps directly or indirectly to make available, or cause to be made available, to the
Company certain office space, secretarial and administrative services as may be reasonably required by the Company from time to time, situated at 30 Rockefeller Plaza, New York, New York 10112 (or any successor location of the Provider). In exchange
therefor, the Company shall pay the Provider a sum of $20,000 per month on the Effective Date and continuing monthly thereafter on the first day of each month until the Termination Date. 

The Provider hereby (i) agrees that it does not have any right, title, interest or claim of any kind (a “Claim”) in or to any
monies that may be set aside in a 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 IPO will be deposited (the “Trust
Account”), (ii) irrevocably waives any Claim it presently has or may have in the future as a result of, or arising out of, this letter agreement, which Claim would reduce, encumber, or otherwise adversely affect the Trust Account or any
monies or other assets in the Trust Account and (iii) agrees that it will not seek recourse against the Trust Account or any monies or other assets in the Trust Account for any reason whatsoever. 

The Provider (on behalf of itself and its affiliates) grants, and shall cause its affiliates to grant, to the Company a
non-exclusive, fully paid-up, royalty-free, non-sublicensable and non-transferable limited license, until the Termination Date,
to use and exploit the “Lazard” word mark and the Lazard logo solely in connection with the business of the Company and to hold itself out as “Lazard Growth Acquisition Corp. I”. Any goodwill accruing from the Company’s use
of the licensed trademarks will inure solely to the Provider and its affiliates. 
 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. 
 The parties hereto may not assign this letter agreement and any of their rights, interests, or obligations
hereunder without the consent of the other party; provided that the Provider may assign this letter agreement to an affiliate without the prior written approval of the Company. 

This letter agreement 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 that will apply the laws of another jurisdiction. 
 This letter agreement may be executed in one or more counterparts,
each of which shall for all purposes be deemed to be an original but all of which together shall constitute one and the same agreement. Only one such counterpart signed by the party against whom enforceability is sought needs to be produced to
evidence the existence of this letter agreement. 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. 

 
			
	Sincerely,
	
	 LAZARD GROWTH ACQUISITION CORP. I

 

	Name:	 	[●]
	Title:	 	[●]

  

			
	AGREED AND ACCEPTED BY:
	
	 LAZARD GROUP LLC, as Provider

 

	Name:	 	[●]
	Title:	 	[●]

 [Signature Page to Administrative Services Agreement]Exhibit 10.23

 

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

 

PROMISSORY
NOTE

 

	Principal
    Amount:  Up to $1,500,000 U.S. Dollars	Dated
                                         as of January 29, 2021

        New
        York, NY

 

InterPrivate
Acquisition Corp., a Delaware corporation (the “Maker”), promises to pay to the order of InterPrivate MII LLC, a Delaware,
a Delaware limited liability company, or its registered assigns or successors in interest (the
“Payee”), or order, the principal sum of up to $1,500,000 in lawful money of the United States of America or
such lesser amount as set forth on Schedule A hereto, on the terms and conditions described below.  All payments
on this Note shall be made by check or wire transfer of immediately available funds or as otherwise determined by the Maker to
such account as the Payee may from time to time designate by written notice in accordance with the provisions of this Note.

 

1. Principal. The
principal balance of Note shall be payable on date on which Maker consummates its initial business combination (the “Maturity
Date”). The principal balance may be prepaid at any time.

 

2. Interest. No
interest shall accrue on the unpaid principal balance of this Note.

 

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

 

4.
 Conversion.

 

(a)
 Optional Conversion. Effective immediately prior to the Maturity Date, unless
Payee notifies Maker otherwise in writing (“Opt-Out Notice”), any amounts outstanding under this Note shall automatically
be converted into that number of units of Maker, with each unit consisting of one share of common stock, par value $.0001, of
Maker (each, a “Share”) and one-half of one warrant (each, a “Warrant”), with each whole
warrant exercisable for one Share (the “Conversion Units”), equal to: (x) the portion of the principal amount
of this Note being converted pursuant to this Section 4, divided by (y) $10.00, rounded up to the nearest whole number of Conversion
Units. Each Conversion Unit will contain terms identical to those of the units Maker issued in a private placement (the “Private
Placement”) simultaneously with the closing of Maker’s initial public offering (the “IPO”),
as more fully described in the prospectus for the IPO dated February 3, 2020 and filed with the Securities and Exchange Commission
(the “SEC”). As of the date hereof, the principal amount outstanding under this Note is $1,500,000 and, accordingly,
such amount shall convert into Conversion Units consisting of (A) 150,000 Shares and (B) Warrants to purchase 75,000 Shares. Unless
Payee has delivered Maker an Opt-Out Notice (or to the extent provided in any Opt-Out Notice if Payee elects to have less than
all of the principal amount of this Note converted into Conversion Units),_Payee shall be deemed to have surrendered this Note
on the Maturity Date, and Payee agrees to duly endorse, at the office of Maker this Note and shall provide Maker with the name
or names in which the certificates for Conversion Units are to be issued. In the absence of an Opt-Out Notice, the conversion
and surrender of this Note shall be deemed to have been made immediately prior to the close of business on the Maturity Date,
and the person or persons identified by Payee entitled to receive the Conversion Units upon such conversion shall be treated for
all purposes as the record holder or holders of such Conversion Units as of such date. For the avoidance of doubt, in the event
that all principal on this Note has been paid in full on or prior to the Maturity Date, then Payee shall not be entitled to convert
any portion of this Note into Conversion Units.

 

     

     

    

 

(b)
 Remaining Principal. All accrued and unpaid principal of this Note that is not
then converted into Conversion Units shall continue to remain outstanding and to be subject to the terms and conditions of this
Note.

 

(c)
 Effect of Conversion. Upon conversion of this Note in full, this Note shall be
cancelled and void without further action of Maker or Payee, and Maker shall be forever released from all its obligations and
liabilities under this Note.

 

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

 

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

 

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

 

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

 

6. Remedies.

 

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

 

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

 

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

 

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

 

9. Notices. All
notices, statements or other documents which are required or contemplated by this Note shall be: (i) in writing and delivered
personally or sent by first class registered or certified mail, overnight courier service or facsimile or electronic transmission
to the address designated in writing, (ii) by facsimile to the number most recently provided to such party or such other address
or fax number as may be designated in writing by such party 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.

 

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

 

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

 

12. Trust
Waiver.  Notwithstanding anything herein to the contrary, the Payee hereby waives any and all right, title, interest
or claim of any kind (“Claim”) in or to any distribution of or from the trust account in which a portion of
the proceeds of the IPO and the Private Placement were deposited, as described in greater detail in the registration statement
and prospectus filed with the SEC in connection with the IPO, and hereby agrees not to seek recourse, reimbursement, payment or
satisfaction for any Claim against the trust account for any reason whatsoever.

 

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

 

14. Assignment.  No
assignment or transfer of this Note by Maker or any of Maker’s rights or obligations hereunder may be made by it (by operation
of law or otherwise) without the prior written consent of Payee (or its transferee or assignee, if applicable), and any attempted
assignment without the required consent shall be void. The Payee may transfer or assign all or any portion of this Note (including
any Conversion Units or right with respect thereto) at any time to its officers, directors, employees or affiliates.

 

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

 

 

	 	INTERPRIVATE ACQUISITION CORP.
	 	 	 
	 	By:	/s/
    Ahmed
    Fattouh
	 	 	Name: 	Ahmed Fattouh
	 	 	Title: 	Chief Executive Officer

 

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Schedule
A

 

	Date	 	Principal Amount Outstanding
 (inclusive of prior amounts)
	 
	January 29, 2021	 	$	442,808.79

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