Document:

Exhibit 10.8

Colombier Acquisition Corp.

214 Brazilian Avenue, Suite 200-A

Palm Beach, FL 33480

 

[     ],
2021

 

Farvahar Capital LLC

214 Brazilian Avenue, Suite 200-A

Palm Beach, FL 33480

 

Re: Administrative Services Agreement

 

Ladies and Gentlemen:

 

This letter agreement by and between Colombier
Acquisition Corp., a Delaware corporation (the “Company”) and Farvahar Capital LLC, a Delaware limited liability
company (the “Services Provider”), dated as of the date hereof, will confirm our agreement that, commencing
on the date that securities of the Company are first listed on the New York Stock Exchange (the “Listing Date”)
and continuing until the earlier of the consummation by the Company of an initial business combination and the Company’s liquidation
(in each case as described in the Registration Statement on Form S-1 (File No. 333-254492) filed with the Securities and Exchange
Commission) (such earlier date hereinafter referred to as the “Termination Date”):

 

	1.	The Services Provider (and/or any of its affiliates designated by the Services Provider) shall make available to the Company, at the address of the Services Provider referred to above (or any successor location or other existing office locations of the Services Provider or any of its affiliates), office space and administrative and support services as may be reasonably requested by the Company. In exchange therefor, the Company shall pay to the Services Provider, on the first day of each month, the sum of $10,000 per month commencing on the Listing Date and continuing monthly thereafter until the Termination Date; and

 

	2.	The Services Provider hereby irrevocably waives any and all right, title, interest, causes of action and claims of any kind or nature whatsoever (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 a substantial amount of proceeds of the Company’s initial public offering will be deposited (the “Trust Account”), and hereby 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 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 all 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, provided that
the Services Provider may assign this letter agreement or any of its rights, interests, or obligations hereunder to an affiliate without
the prior written approval of the Company. 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 with respect to the subject matter described herein and any litigation between the parties (whether grounded in
contract, tort, statute, law or equity) shall be governed by and construed in accordance with the laws of the State of New York.

 

     

     

    

 

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 letter agreement.

 

[Signature page follows]

 

	 	Very truly yours,
	 	 	 
	 	COLOMBIER ACQUISITION CORP.
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

	AGREED TO AND ACCEPTED BY:	 
	 	 	 
	FARVAHAR CAPITAL LLC	 
	 	 	 
	By:	 	 
	 	Name:	 
	 	Title:	 

 

[Signature Page to Administrative Services Agreement]Exhibit 10.9

 

February 17, 2021

 

 

PRIVATE AND CONFIDENTIAL

 

Colombier Acquisition Corp.

Attn: Omeed Malik

590 Madison Ave 21st Fl.

New York, NY 10022

 

 

Dear Omeed Malik:

 

Capital Markets Advisor Letter

 

This letter agreement (“Agreement”) confirms the
engagement of Farvahar Capital (“Farvahar”) by Colombier Acquisition Corp. (the “Company”) as a
capital markets advisor to the Company in connection with its initial public offering (the “Transaction”) by the Company
of up to 17,500,00 units (the “Units”) (each unit consisting of one share of the Company’s common stock (“Common
Stock”) and one-third of one warrant to purchase one share of Common Stock (“Warrants”) pursuant to a registration statement
on Form S-1 (“Registration Statement”).

 

The gross spread of the Transaction payable to the Company’s
underwriters shall be 5.5% in the aggregate, which amount shall be earned upon the closing of the Transaction and payable in two parts:
(i) 2.0% at the time of such closing (the “Initial Underwriting Fee”) and (ii) 3.5.0% upon consummation of the Company’s
initial business combination (the “Deferred Underwriting Fee”). As consideration for Farvahar’s willingness to
provide capital markets advice hereunder in connection with the Transaction, the Company shall cause the underwriter pay to Farvahar a
nonrefundable cash fee equal to 25% of the Initial Underwriting Fee (the “Fee”). The Fee shall be paid on or about
the closing date of the Transaction. Such payment shall be made to a bank account notified to the Company by Farvahar at least two business
days prior to such closing date.

 

Subject to the next paragraph, if Farvahar becomes involved in any
action, proceeding or investigation in connection with any matter contemplated in this Agreement, the Company shall reimburse Farvahar
for its reasonable legal or other expenses as they are incurred by Farvahar. The Company agrees to indemnify and hold harmless Farvahar
and each of its affiliates and their respective officers, directors, controlling persons, employees, agents, counsel and other advisors
(collectively, “Indemnified Persons”) from and against any and all losses, claims (whether or not valid) or damages
to which any such Indemnified Person may become subject in connection with any matter contemplated in this Agreement, any merger, capital
stock exchange, asset acquisition, stock purchase, reorganization or similar business combination, with one or more businesses or entities
consummated by the Company (the “Initial Business Combination”), the Transaction contemplated hereby or the services
rendered or to be rendered by Farvahar hereunder, except to the extent that any such loss, claim or damage shall be finally judicially
determined by a court of competent jurisdiction to have resulted primarily from the fraud, gross negligence or willful misconduct of such
Indemnified Person. If the foregoing indemnification is for any reason unavailable or insufficient to hold any Indemnified Person harmless
other than by virtue of its fraud, gross negligence or willful misconduct, then the Company shall contribute to the amount paid or payable
by such Indemnified Person as a result of such loss, claim or damage in such proportion as is appropriate to reflect the relative benefits
received by the Company on the one hand and each Indemnified Person on other arising out of the matters contemplated by this Agreement.
The Company further agrees that neither Farvahar nor any of its affiliates, or any of its or their respective officers, directors, controlling
persons, employees or agents shall have any liability to the Company or any person asserting claims on behalf of or in the right of the
Company (whether direct or indirect, in contract, tort, for an act of negligence or otherwise) for any losses, claims (whether or not
valid), damages, costs, fees, expenses, liabilities or equitable relief related to or arising out of Farvahar’s engagement or performance
under this Agreement, the Initial Business Combination, the Transaction contemplated hereby or the services rendered or to be rendered
by Farvahar hereunder, including, without limitation, related services and activities prior to the date hereof, except to the extent that
any such losses, claims, damages, costs, fees, expenses or liabilities are finally determined (by a court of competent jurisdiction and
after exhausting all appeals or in an arbitration conducted in accordance with this Agreement) to have resulted solely from the fraud,
gross negligence or willful misconduct of Farvahar. Notwithstanding any provision in this Agreement to the contrary, in no event shall
Farvahar be liable for any lost profits or consequential, special, indirect, exemplary, or punitive damages, even if it shall have been
advised of the possibility of such damages. The Company agrees not to enter into any waiver, release or settlement of any claim (whether
or not Farvahar or any other Indemnified Party is a formal party to such claim) in respect of which indemnification may be sought hereunder
without the prior written consent of Farvahar.

 

     

    	Colombier Acquisition Corp.
Page 2	 

    

 

Notwithstanding anything to the contrary herein, Farvahar agrees that
(i) it does not have any right, title, interest or claim of any kind (each, a “Claim”) in or to any monies in the Company’s
trust account (“Trust Account”) established in connection with the Transaction; (ii) it waives any Claim it may have
in the future as a result of, or arising out of, any services provided to the Company hereunder; and (iii) it will not seek recourse against
the Trust Account with respect to any Claim.

 

This Agreement and the engagement hereunder is not exclusive to either
party with Farvahar free to perform services for other parties and the Company shall be free to engage placement agents or other advisors
in connection with the Transaction or any Initial Business Combination; provided that any fees or other liabilities payable or accruing
to such underwriters or additional advisors shall not affect the fees or consideration payable to Farvahar hereunder or any of the other
terms of this engagement (including the indemnification obligations of the Company to Farvahar and its affiliates set forth above). No
provision herein shall be deemed to create a partnership, joint venture or joint and several liability between Farvahar and such underwriters
or additional advisors.

 

This Agreement shall terminate upon the date that is one year after
the consummation of the Transaction; provided, however, that the provisions of this Agreement with respect to (i) any accrued and unpaid
Fee, (ii) indemnification and contribution, (iii) waiver of claims against the Trust Account and (iv) governing law shall survive any
such termination.

 

     

    	Colombier Acquisition Corp.
Page 3	 

    

 

The Company acknowledges that Farvahar is acting in the capacity as
capital markets advisor only and not an advisor as to financial, legal, tax, accounting or regulatory matters in any jurisdiction. The
Company should consult with its own advisors concerning such matters and is responsible for making its own independent investigation and
appraisal of the Transaction or any Initial Business Combination, and Farvahar has no responsibility or liability to the Company with
respect to such matters.

 

The Company acknowledges and agrees that Farvahar’s engagement
hereunder is not an agreement by Farvahar or any of its affiliates to underwrite or purchase any securities or otherwise provide any financing.
The Company acknowledges and agrees that Farvahar is not a placement agent or underwriter for the Transaction.

 

 

The Company represents and warrants to Farvahar that it has all requisite
power and authority to enter into this Agreement, to procure the payment of the Fee by any trust under its management, and to perform
its obligations hereunder, and that the execution and performance of this Agreement will not involve a breach by the Company or any of
its affiliates of any contractual, legal, regulatory or other obligation.

 

This Agreement shall be governed by, and construed in accordance with,
the laws of the State of New York. Each party hereto hereby irrevocably waives all right to trial by jury in any suit, action, proceeding
or counterclaim (whether based on contract, tort or otherwise) arising out of or relating to this Agreement and the transactions contemplated
hereby or the actions of the parties in the negotiation, performance or enforcement hereof (an “Action”). Each party
hereto hereby irrevocably submits to the exclusive jurisdiction of any New York State court or Federal court sitting in the Borough of
Manhattan in New York City in respect of any such Action, agrees not to commence any such Action except in such courts, and irrevocably
agrees that all claims in respect of any such Action may be heard and determined in such court (and any appellate court thereof). Each
party hereto waives, to the fullest extent permitted by applicable law, any objection that it may now or hereafter have to the laying
of the venue of any such Action brought in any such court, and any claim that such Action has been brought in any such court has been
brought in an inconvenient forum. The Company agrees that a final judgment brought in any such court shall be conclusive and binding upon
the Company and may be enforced in any other courts to whose jurisdiction the Company is or may be subject, by suit upon the judgment.
If any term, provision, covenant or restriction contained in this Agreement is held by a court of competent jurisdiction or other authority
to be invalid, void, unenforceable or against its regulatory policy, the remainder of the terms, provisions, covenants and restrictions
contained in this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated.

 

     

    	Colombier Acquisition Corp.
Page 4	 

    

 

In acknowledgment that the foregoing correctly sets forth the understanding
reached by Farvahar and the Company, please sign in the space provided below, whereupon this letter shall constitute a binding agreement
as of the date indicated above.

 

Yours faithfully,

 

Farvahar Capital

 

 

By: /s/ Omeed Malik

 

Name:Omeed Malik

 

Title: Principal

 

 

Accepted and agreed as of

the date first written above:

 

Colombier Acquisition Corp. 

 

 

By: /s/ Joseph Voboril

 

Name:Joseph Voboril

 

Title: CFO

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