Document:

Exhibit 10.9

 

InterPrivate III Financial Partners
Inc.

1350 Avenue of the Americas

New York, New York 10019

 

[●], 2021

 

InterPrivate Acquisition Management III,
LLC

1350 Avenue of the Americas

New York, New York 10019

 

Re: Administrative Services
Agreement

 

Ladies and Gentlemen:

 

This letter agreement
(this “Agreement”) by and between InterPrivate III Financial Partners Inc. (the “Company”)
and InterPrivate Acquisition Management III, LLC (the “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 U.S. Securities and
Exchange Commission (the “Registration Statement”) and continuing until the earlier of the consummation
by the Company of an initial business combination or the Company’s liquidation (in each case as described in the Registration
Statement) (such earlier date hereinafter referred to as the “Termination Date”):

 

1. The
Sponsor shall make available, or cause to be made available, to the Company, at 1350 Avenue of the Americas, New York, New York
10019 (or any successor location), office space and secretarial and administrative services as may be reasonably required by the
Company. In exchange therefor, the Company shall pay the Sponsor $10,000 per month on the Listing Date and continuing monthly thereafter
until the Termination Date; and

 

2. The
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 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 stockholders 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 as a result of, or arising out of, this Agreement, 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 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 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 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 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.

 

[Signature Page Follows]

 

     

     

    

 

	 	Very truly yours,
	 	 
	 	INTERPRIVATE III FINANCIAL PARTNERS INC.
	 	 
	 	By:	
	 	Name: 	Brandon Bentley
	 	Title: 	General Counsel

 

	AGREED AND ACCEPTED BY:	 
	 	 
	INTERPRIVATE ACQUISITION MANAGEMENT III, LLC	 
	 	 
	By:	 	 
	 	Name: 	Ahmed M. Fattouh	 
	 	Title: 	Managing Member of InterPrivate LLC, the Manager of InterPrivate Capital LLC	 

 

[Signature Page to Administrative Services
Agreement (InterPrivate III Financial Partners Inc.)]Exhibit 10.10

 

FORM OF STRATEGIC SERVICES AGREEMENT

 

This Agreement is made
on this [●] day of [●], 2021 by and between InterPrivate III Financial Partners Inc., a Delaware corporation (the “Company”),
and Minesh Patel (the “Strategic Consultant”) The Company and Strategic Consultant are sometimes hereinafter
referred to singly as the “Party” and collectively as the “Parties.”

 

WHEREAS, the Strategic
Consultant is being appointed by the Company to offer certain professional services as per requirements of the Company, on the
terms and conditions as set forth below:

 

NOW, THEREFORE, in
consideration of the mutual covenants as set forth herein and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the Parties agree as follows:

 

1. Services

 

The Strategic Consultant
has been appointed by the Company in the capacity of “Vice President” to render professional services as requested
by the Company from time to time.

 

2. Term

 

The term of the Agreement
shall commence on the date the securities of the Company are first listed on the New York Stock Exchange, pursuant to a Registration
Statement on Form S-1 filed with the Securities and Exchange Commission (the “Registration Statement”) and shall
continue until the earlier of the consummation by the Company of an initial business combination or the Company’s liquidation
(in each case as described in the Registration Statement), unless terminated earlier by either Party pursuant to Section 3 below.
During the term of the Agreement, the Strategic Consultant shall report to the Chief Executive Officer of the Company.

 

3. Termination

 

The Company or the
Strategic Consultant may terminate this Agreement by giving 15 days’ prior written notice to the other Party; provided that
either Party may terminate this Agreement immediately upon written notice to the other Party in the event of a material breach
of this Agreement by such other Party. Upon such termination, the obligations of both Parties shall come to an end (except those
obligations that expressly survive the termination of this Agreement) and the Strategic Consultant shall immediately hand over
to the Company, all documents, papers, data, confidential information or any other information obtained by him during the course
of the Agreement and shall fully co-operate with the Company to ensure a smooth and orderly transition of information, data and
records to the Company.

 

The Company shall be
relieved of any obligation to pay the Strategic Consultant for any services except for those, which may have been performed up
to the date of termination.

 

4. Relationship

 

The Strategic Consultant
shall perform the services hereunder as an independent contractor. Except as specifically set forth herein, nothing contained in
this Agreement shall be construed as creating a contract of employment or fiduciary relationship or partnership among the Parties.
This Agreement does not authorize the Parties to assume, create or undertake any obligation of any kind expressed or implied, on
behalf of or in the name of any of the other Party without express written consent. The Strategic Consultant shall not have any
right or authority to accept any service of process or to receive any notices on behalf of the Company or to enter into any commitments,
undertakings or agreements purporting to obligate the Company in any way or to amend, modify or vary any existing agreements to
which the Company is or shall be a party.

 

     

     

    

 

5. Compliance
with Local Laws

 

The Strategic Consultant
will be responsible for legal and statutory compliance with local laws, taxation and any other business of other laws or any other
country to which he may be deputed. The Strategic Consultant will indemnify the Company all costs, including any interest, penalties
and legal expenses and fees that the Company may incur as a result of non-compliance with any laws or acts as applicable to an
independent service provider.

 

6. Taxes
and Insurance

 

The Strategic Consultant
shall be responsible for charging in the invoice and payment of any indirect taxes after recovery from the Company as required
by the regulations. All payments to the Strategic Consultant shall be subject to applicable United States federal, state and local
taxes.

 

The Strategic Consultant
shall be solely responsible for obtaining medical, accident and insurance policies and the Company shall have no obligation or
liability with respect to any expenses incurred by the Strategic Consultant relating to the above-referred risks.

 

7. Compensation

 

In consideration for
the services to be performed hereunder, the Company shall pay to the Strategic Consultant the sum of $10,000 per month during the
term of this Agreement. Additionally, the Company will reimburse the Consultant for any business expenses, including pre-approved
travel-related expenses, incurred in connection with the provision of services hereunder, in accordance with the Company’s
standard policies and procedures in effect from time to time.

 

8. Confidentiality

 

During the term of
this Agreement and thereafter at all times, the Strategic Consultant shall keep strictly confidential all non-public information
regarding the Company and its business, including information regarding any transactions or proposed transactions, records and
information received by him from the Company and/or developed or prepared by him or by his staff or sub-contractors, if any, pursuant
to this Agreement. Strategic Consultant will sign a confidentiality agreement before commencing on any assignment if desired by
Company.

 

9. Performance

 

Failure on part of
the Company, at any time, to require performance of any provisions of the obligations of the Strategic Consultant set forth in
this Agreement, shall not affect the right to require full performance thereof at any time thereafter.

 

10. Engagement

 

This Agreement is executed
based on the individual professional expertise of the Strategic Consultant and the Strategic Consultant agrees not to assign this
Agreement or any rights or obligations hereunder, to any third party without prior written consent of the Company

 

11. Amendment

 

No modification, deletion,
amendment or variation of any term or provision of this Agreement shall be of any force or effect, unless stated in writing and
signed by the parties, or in case of a waiver, signed by the party granting the waiver. No verbal agreement or understanding or
conduct of any nature relating to the subject matter hereof shall be considered valid and enforceable.

 

12. Indemnification

 

Subject to Section
14 below, the Strategic Consultant shall be entitled to indemnification by the Company pursuant to an Indemnification Agreement
being entered into between the Company and the Strategic Consultant on or about the date hereof.

 

    2

     

    

 

13. Other
Obligations

 

The Strategic Consultant
represents and warrants to the Company that he currently is under no contract or agreement, nor has Subcontractor previously executed
any documents whatsoever with any other person, firm, association, or corporation that will, in any manner, prevent the Strategic
Consultant from providing the services contemplated under this Agreement.

 

14. Waiver

 

The Strategic Consultant
understands that, in connection with the Company’s planned initial public offering (the “IPO”), the Company
intends to establish a trust fund (the “Trust Fund”), initially in an amount expected to be $200,000,000, for
the benefit of the Company’s public stockholders and that the Company may disburse monies from the Trust Fund only under
the limited circumstances to be set forth in the prospectus for the IPO. The Strategic Consultant hereby agrees that he does not
have any right, title, interest or claim of any kind in or to any monies in the Trust Fund (“Claim”) and waives
any Claim he may have in the future as a result of, or arising out of, any services provided to the Company hereunder and will
not seek recourse against the Trust Fund for any breach by the Company of this Agreement or for any other reason. This section
shall survive the termination of this Agreement for any reason.

 

15. Miscellaneous

 

(a) Entire
Agreement. This Agreement constitutes the entire agreement and understanding between the parties with respect to the Strategic
Consultant’s engagement by the Company, and the other subject matters contained herein, expressly superseding all prior written,
oral or implied agreements and understandings.

 

(b) Waiver.
The waiver by any party of any breach of any covenant or condition of this Agreement shall not be construed as a waiver of any
subsequent breach of such covenant or condition or of the breach of any other restrictive covenant or condition contained in this
Agreement.

 

(c) Headings.
Any section or paragraph title or caption contained in this Agreement is for convenience only, and in no way defines, limits or
describes the scope or intent of this Agreement or any of the provisions hereof.

 

(d) Successors.
The Company may assign the rights and benefits given to it in this Agreement. This Agreement shall also survive any sale of assets,
merger, consolidation, or other change in the corporate structure of the Company. The duties of the Contractor hereunder are personal
in nature and, therefore, may not be assigned.

 

(e) Severability.
If any term, condition, or provision of this Agreement shall be found to be illegal or unenforceable for any reason, such provision
shall be modified or deleted so as to make the balance of this Agreement, as modified, valid and enforceable to the fullest extent
permitted by applicable law.

 

(f) Amendment
or Modifications. This agreement shall not be amended, revoked, altered or modified in whole or in part, except by an agreement
in writing signed by the parties.

 

(g) Governing
Law. All questions relating to the interpretation, performance or breach of this Agreement shall be governed by the law of
the State of Delaware.

 

(h) Construction.
This Agreement shall not be construed against any party by reason of the fact that the party may be responsible for the drafting
of this Agreement or any provision hereof.

 

(i) Knowledge
of Rights and Duties. The parties have carefully reviewed and completely read all of the provisions of this Agreement and understand
and have been advised that they should consult with their own legal counsel for any and all explanations of their rights, duties,
obligations and responsibilities hereunder.

 

(j) Survival.
The provisions of Sections 3 through 15 of this Agreement shall survive the termination or expiration, for any reason, of this
Agreement.

 

    3

     

    

 

IN WITNESS WHEREOF,
the parties have executed this Agreement on the dates below indicated.

 

	 	INTERPRIVATE III FINANCIAL PARTNERS INC.
	 	 
	 	By:	
	 	Name:	Brandon Bentley
	 	Its:	General Counsel

 

	 	STRATEGIC CONSULTANT
	 	 
	 	By:	
	 	Name:	Minesh Patel

 

[Signature Page to Form of Strategic
Services Agreement (InterPrivate III Financial Partners Inc.)]

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