Document:

Exhibit 10.8

 

INFLECTION POINT ACQUISITION CORP. 

34 East 51st Street, 5th
Floor

New York, NY 10022

 

, 2021

 

Kingstown Capital Management L.P.

34 East 51st Street, 5th Floor

New York, NY 10022

 

Re: Administrative Services Agreement

 

Ladies and Gentlemen:

 

This letter agreement (this “Agreement”)
by and between Inflection Point Acquisition Corp. (the “Company”) and Kingstown Capital Management L.P. (“KCM”),
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 Nasdaq Capital Market (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. KCM shall make available, or cause to be made
available, to the Company, at 34 East 51st Street, 5th Floor, New York, NY 10022 (or any successor location), office
space, utilities and secretarial and administrative services provided to members of the management team of the Company as may be reasonably
required by the Company. In exchange therefor, the Company shall pay KCM $15,000 per month on the Listing Date and continuing monthly
thereafter until the Termination Date; and

 

2. KCM 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 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 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 shall be governed by and construed
in accordance with the laws of the State of New York for agreements made and to be wholly performed within such state, without regards
to the conflicts of laws principles thereof.

 

[Signature Page Follows]

 

     

     

    

 

	 	Very truly yours,
	 	 
	 	INFLECTION POINT ACQUISITION CORP.
	 	 	 
	 	By:	 
	 	 	Name:	 
	 	 	Title:	 

 

	AGREED AND ACCEPTED BY:	 
	 	 
	KINGSTOWN CAPITAL MANAGEMENT L.P.	 
	 	 
	By:	                     	 
	Title:	 	 

 

 

[Signature Page to Administrative Services Agreement]Exhibit 10.9

 

FORWARD PURCHASE AGREEMENT 

 

This Forward Purchase Agreement
(this “Agreement”) is entered into as of [●], 2021, by and between Inflection Point Acquisition Corp., a Cayman
Islands corporation (the “Company”), and Kingstown 1740 Fund, L.P. a Delaware limited partnership and Kingfishers L.P.,
a Delaware limited partnership (collectively the “Purchaser”).

 

Recitals 

 

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

 

WHEREAS, the Company has
filed with the U.S. Securities and Exchange Commission (the “SEC”) a registration statement on Form S-1, as amended
(the “Registration Statement”), for its initial public offering (“IPO”) of 30,000,000 units (or
34,500,000 units if the underwriters’ over-allotment option (the “IPO Option”) is exercised in full) (the “Public
Units”) at a price of $10.00 per Public Unit, each Public Unit comprised of one Class A ordinary share of the Company,
par value $0.0001 per share (the “Class A Shares,” and the Class A Shares included in the Public Units, the
“Public Shares”), and one-half of one redeemable warrant, where each whole redeemable warrant is exercisable to purchase
one Class A Share at an exercise price of $11.50 per share (the “Warrants,” and the Warrants included in the Public
Units, the “Public Warrants”);

 

WHEREAS, the Company’s
sponsor, Inflection Point Holdings LLC, has agreed to purchase an aggregate of 6,250,000 warrants (or 7,150,000 warrants if the IPO Option
is exercised in full) at a price of $1.00 per warrant in a private placement that will close simultaneously with the closing of the IPO
(the “Private Placement Warrants”);

 

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

 

WHEREAS, the parties wish to enter into this Agreement, pursuant to
which, concurrently with the closing of the Company’s initial Business Combination (the “Business Combination Closing”),
the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, on a private placement basis, the
number of Class A Shares (each, a “Forward Purchase Share”), on the terms and conditions set forth herein;

 

WHEREAS, proceeds from the
IPO and the sale of the Private Placement Warrants in an aggregate amount equal to the 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; and

 

WHEREAS, the amounts available
to the Company from the Trust Account (after giving effect to any redemptions of Public Shares) and any other equity or debt financing
obtained by the Company in connection with the Business Combination (the “Available Cash”), together with the proceeds
from the sale of the Forward Purchase Shares, will be used to satisfy the cash requirements of the Business Combination, including funding
the purchase price and paying expenses and retaining amounts specified in the definitive agreement for the Business Combination to be
retained for use by the post-Business Combination company for working capital or other purposes (the “Cash Requirements”);

 

     

     

    

 

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) Forward Purchase Shares.

 

(i) Subject to the terms
and conditions hereof, the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, up to a
maximum of 5,000,000 Forward Purchase Shares (the “Maximum Shares”) for a purchase price of $10.00 per Forward Purchase
Shares (the “Forward Purchase Price”), or up to a maximum of $50,000,000 in the aggregate.

 

(ii) The number of Forward Purchase Shares to be issued and sold by
the Company and purchased by the Purchaser hereunder shall be determined as follows:

 

(A) As soon as reasonably practicable, but at least ten (10) Business
Days prior to the Business Combination Closing, the Company shall provide the Purchaser with notice (the “Initial Company Notice”)
of the number of Forward Purchase Shares that it desires the Purchaser to purchase pursuant to this Agreement, which shall be equal to
its good faith estimate of that number which, after payment of the aggregate Forward Purchase Price by the Purchaser, will result in gross
proceeds to the Company equal to the amount of funds necessary for the Company to satisfy the Cash Requirements less the Available
Cash; provided, however, that such number shall in no event exceed the Maximum Shares. and provided, further,
that, notwithstanding the foregoing, the Purchaser shall in any event have the option to purchase up to the Maximum Shares. Following
delivery of the Initial Company Notice, the Company shall provide the Purchaser with such other information as the Purchaser (or any applicable
Transferee pursuant to Section 4(b) hereof) may reasonably request so that the Purchaser (or such Transferee) may seek the
approval of its investment committee to consummate the purchase of the Forward Purchase Shares hereunder.

 

(B) Within five (5) Business Days after receipt of the Initial
Company Notice, the Purchaser shall provide the Company with notice (the “Initial Purchaser Notice”) of the decision
of its investment committee as to the number of Forward Purchase Shares it wishes to purchase pursuant to this Agreement, if any, which
shall not exceed the Maximum Shares, which notice shall constitute the binding obligation of the Purchaser to purchase such number of
Forward Purchase Shares, subject to the terms and conditions of this Agreement.

 

(iii) At least two (2) Business
Days before the Business Combination Closing, the Company shall provide the Purchaser with an updated notice (the “Final Company
Notice”) including:

 

(A) its determination, based on the actual number of Public Shares
validly submitted for redemption or other changes in the Cash Requirements, of the number of Forward Purchase Shares that it desires the
Purchaser to purchase pursuant to this Agreement;

 

(B) the anticipated date
of the Business Combination Closing; and

 

(C) instructions for wiring
the Forward Purchase Price.

 

(iv) At least one (1) Business Day before the Business Combination
Closing, the Purchaser shall provide the Company with an updated notice (the “Final Purchaser Notice”) of the number
of Forward Purchase Shares it will be obligated to purchase pursuant to this Agreement, with no further notification or confirmation necessary
from the Company, which number shall not be less than the lesser of (A) the number of Forward Purchase Shares that the Purchaser
was obligated to purchase pursuant to Section 1(a)(ii) as indicated in the Initial Purchaser Notice and (B) the number
of Forward Purchase Shares that the Company desires the Purchaser to purchase as specified in the Final Company Notice.

 

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(v) The closing of the sale of Forward Purchase Shares (the “Forward
Closing”) shall be held on the same date and concurrently with the Business Combination Closing (such date being referred to
as the “Forward Closing Date”). At least one (1) Business Day prior to the Forward Closing Date, the Purchaser
shall deliver to the Company the Forward Purchase Price for the Forward Purchase Shares by wire transfer of U.S. dollars in immediately
available funds to the account specified by the Company in such notice to be held in escrow until the Forward Closing. Immediately prior
to the Forward Closing on the Forward Closing Date, (i) the Forward Purchase Price shall be released from escrow automatically and
without further action by the Company or the Purchaser, and (ii) upon such release, the Company shall issue the Forward Purchase
Shares to the Purchaser in book-entry form, free and clear of any liens or other restrictions whatsoever (other than those arising under
state or federal securities laws), registered in the name of the Purchaser (or its nominee in accordance with its delivery instructions),
or to a custodian designated by the Purchaser, as applicable. In the event the Business Combination Closing does not occur within five
(5) Business Days of the date scheduled for closing, the Forward Closing shall not occur and the Company shall promptly (but not
later than one (1) Business Day thereafter) return the Forward Purchase Price to the Purchaser. For purposes of this Agreement, “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 or be closed in the City of New York, New York; provided, however,
for clarification, commercial banks in the City of New York shall not be deemed to be authorized or required by law or regulation to close
or be closed due to “stay at home”, “shelter-in-place”, “non-essential employee” or any other similar
orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic
funds transfer systems (including for wire transfers) of commercial banks in the City of New York are open for use by customers on such
day.

 

(b) Legends. Each register and book entry for the Forward Purchase
Shares shall contain a notation, and each certificate (if any) evidencing the Forward Purchase Shares shall be stamped or otherwise imprinted
with a legend, in substantially the following form:

 

“THE SECURITIES REPRESENTED
HEREBY HAVE NOT BEEN REGISTERED UNDER THE 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 FORWARD PURCHASE AGREEMENT BY AND BETWEEN THE HOLDER AND THE COMPANY. COPIES
OF SUCH AGREEMENT MAY BE OBTAINED UPON WRITTEN REQUEST TO THE SECRETARY OF THE COMPANY.”

 

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

 

(a) Organization and Power.
The Purchaser 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 Purchaser has full power and authority to enter into this Agreement. This Agreement, when executed and delivered by the Purchaser,
will constitute the valid and legally binding obligation of the Purchaser, enforceable against the Purchaser 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, (ii) as limited by laws relating to the availability
of specific performance, injunctive relief or other equitable remedies, or (iii) to the extent the indemnification provisions contained
in the Registration Rights (as defined below) may be limited by applicable federal or state securities laws.

 

(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 Purchaser in connection with the consummation of the
transactions contemplated by this Agreement.

 

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(d) Compliance with Other
Instruments. The execution, delivery and performance by the Purchaser of this Agreement and the consummation by the Purchaser of the
transactions contemplated by this Agreement will not result in any violation or default (i) of any provisions of its organizational
documents, (ii) of 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) of any provision of federal or state statute, rule or regulation applicable
to the Purchaser, in each case (other than clause (i)), which would have a material adverse effect on the Purchaser or its ability to
consummate the transactions contemplated by this Agreement.

 

(e) Purchase Entirely for Own Account. This Agreement is made
with the Purchaser in reliance upon the Purchaser’s representation to the Company, which by the Purchaser’s execution of this
Agreement, the Purchaser hereby confirms, that the Forward Purchase Shares to be acquired by the Purchaser will be acquired for investment
for the Purchaser’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 Purchaser has no present intention of selling, granting any participation
in, or otherwise distributing the same in violation of law. By executing this Agreement, the Purchaser further represents that the Purchaser
does not presently have any contract, undertaking, agreement or arrangement with any Person to sell, transfer or grant participations
to such Person or to any third Person, with respect to any of the Forward Purchase Shares. 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 Purchaser has had an opportunity to discuss the Company’s business, management, financial affairs and the terms and conditions
of the offering of the Forward Purchase Shares, as well as the terms of the Company’s proposed IPO, with the Company’s management.

 

(g) Restricted Securities. The Purchaser understands that the
offer and sale of the Forward Purchase Shares to the Purchaser has not been, and will not be, registered under the Securities Act of 1933,
as amended (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 Purchaser’s representations
as expressed herein. The Purchaser understands that the Forward Purchase Shares are “restricted securities” under applicable
U.S. federal and state securities laws and that, pursuant to these laws, the Purchaser must hold the Forward Purchase Shares 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 Purchaser acknowledges that the Company has no obligation to register or qualify the Forward Purchase Shares, except
for the Registration Rights. The Purchaser 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 Forward
Purchase Shares, and on requirements relating to the Company which are outside of the Purchaser’s control, and which the Company
is under no obligation and may not be able to satisfy. The Purchaser acknowledges that the Company filed the Registration Statement for
its proposed IPO. The Purchaser understands that the offering of the Forward Purchase Shares is not, and is not intended to be, part of
the IPO, and that the Purchaser will not be able to rely on the protection of Section 11 of the Securities Act with respect to the
Forward Purchase Shares.

 

(h) No Public Market. The Purchaser understands that no public
market now exists for the Forward Purchase Shares, and that the Company has made no assurances that a public market will ever exist for
the Forward Purchase Shares.

 

(i) High Degree of Risk. The Purchaser understands that its
agreement to purchase the Forward Purchase Shares involves a high degree of risk which could cause the Purchaser to lose all or part of
its investment.

 

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

 

(k) No General Solicitation. Neither the Purchaser, nor any
of its officers, directors, employees, agents, shareholders or partners 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 Forward Purchase Shares.

 

(l) Residence. The
Purchaser’s principal place of business is the office or offices located at the address of the Purchaser set forth on the signature
page hereof.

 

(m) Non-Public Information.
The Purchaser acknowledges its obligations under applicable securities laws with respect to the treatment of non-public information relating
to the Company.

 

(n) Adequacy of Financing.
At the time of the Forward Closing, the Purchaser will have available to it 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 2 and in
any certificate or agreement delivered pursuant hereto, none of the Purchaser nor any person acting on behalf of the Purchaser nor any
of the Purchaser’s affiliates (the “Purchaser Parties”) has made, makes or shall be deemed to make any other
express or implied representation or warranty with respect to the Purchaser and this offering, and the Purchaser Parties disclaim any
such representation or warranty. Except for the specific representations and warranties expressly made by the Company in Section 3
of this Agreement and in any certificate or agreement delivered pursuant hereto, the Purchaser 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”).

 

3. Representations and
Warranties of the Company. The Company represents and warrants to the Purchaser as follows:

 

(a) Incorporation and
Corporate Power. The Company is an exempted company duly incorporated and is validly existing as an exempted company in good standing
under the laws of Cayman Islands and has all requisite corporate power and authority to carry on its business as presently conducted and
as proposed to be conducted. The Company has no subsidiaries.

 

(b) Capitalization.
On the date hereof, the authorized share capital of the Company consists of:

 

(i) 500,000,000 Class A
Shares, none of which are issued and outstanding.

 

(ii) 50,000,000 Class B
ordinary shares of the Company, par value $0.0001 per shares (the “Class B Shares”), 8,625,000 of which are issued
and outstanding. All of the outstanding Class B Shares have been duly authorized, are fully paid and nonassessable and were issued
in compliance with all applicable federal and state securities laws.

 

(iii) 5,000,000 preference
shares of the Company, none of which are issued and outstanding.

 

(c) Authorization. All corporate action required to be taken
by the Company’s Board of Directors and shareholders in order to authorize the Company to enter into this Agreement, and to issue
the Forward Purchase Shares at the Forward Closing has been taken or will be taken prior to the Forward Closing. All action on the part
of the shareholders, 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 to be performed as of the Forward Closing, and the issuance and delivery of the
Forward Purchase Shares has been taken or will be taken prior to the Forward Closing. 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, (ii) as limited by laws
relating to the availability of specific performance, injunctive relief, or other equitable remedies, or (iii) to the extent the
indemnification provisions contained in the Registration Rights may be limited by applicable federal or state securities laws.

 

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(d) Valid Issuance of Shares. The Forward Purchase Shares, when
issued, sold and delivered in accordance with the terms and for the consideration set forth in this Agreement, will be validly issued,
fully paid and nonassessable, 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 Purchaser. Assuming the accuracy of the representations
of the Purchaser in this Agreement and subject to the filings described in Section 3(e) below, the Forward Purchase Shares
will be issued in compliance with all applicable federal and state securities laws.

 

(e) Governmental Consents
and Filings. Assuming the accuracy of the representations and warranties made by the Purchaser 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, and pursuant to the Registration
Rights.

 

(f) 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) of any provisions of the Company’s Memorandum and Articles of Association,
bylaws or other governing documents of the Company, as they may be amended from time to time, (ii) of 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) of 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.

 

(g) 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 its securities.

 

(h) No General Solicitation.
Neither the Company, nor any of its officers, directors, employees, agents or shareholders 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 Forward Purchase Shares.

 

(i) 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, this offering, the proposed IPO or a potential Business Combination,
and the Company Parties disclaim any such representation or warranty. Except for the specific representations and warranties expressly
made by the Purchaser 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 Purchaser
Parties.

 

4. Registration Rights; Transfer 

 

(a) Registration Rights.
The Purchaser shall be granted registration rights by the Company with respect to the Forward Purchase Shares pursuant to a registration
rights agreement to be entered into with the Company, a form of which has been filed with the registration statement relating to the Company’s
IPO (the “Registration Rights”).

 

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(b) Transfer. This
Agreement and all of the Purchaser’s rights and obligations hereunder (including the Purchaser’s obligation to purchase the
Forward Purchase Shares) may be transferred or assigned, at any time and from time to time, in whole or in part, to one or more affiliates
of the Purchaser (each such transferee, a “Transferee”). Upon any such assignment:

 

(i) the applicable Transferee
shall execute a signature page to this Agreement, substantially in the form of the Purchaser’s signature page hereto (the “Joinder
Agreement”), which shall reflect the number of Forward Purchase Shares to be purchased by such Transferee (the “Transferee
Securities”), and, upon such execution, such Transferee shall have all the same rights and obligations of the Purchaser hereunder
with respect to the Transferee Securities, and references herein to the “Purchaser” shall be deemed to refer to and
include any such Transferee with respect to such Transferee and to its Transferee Securities; provided, that any representations,
warranties, covenants and agreements of the Purchaser and any such Transferee shall be several and not joint and shall be made as to the
Purchaser or any such Transferee, as applicable, as to itself only; and

 

(ii) upon a Transferee’s execution and delivery of a Joinder
Agreement, the number of Forward Purchase Shares to be purchased by the Purchaser hereunder shall be reduced by the total number of Forward
Purchase Shares to be purchased by the applicable Transferee pursuant to the applicable Joinder Agreement, which reduction shall be evidenced
by the Purchaser and the Company amending Schedule A to this Agreement to reflect each transfer and updating the “Number
of Forward Purchase Shares” and “Aggregate Purchase Price for Forward Purchase Shares” on the Purchaser’s signature
page hereto to reflect such reduced number of Forward Purchase Shares, and the Purchaser shall be fully and unconditionally released from
its obligation to purchase such Transferee Securities hereunder. For the avoidance of doubt, this Agreement need not be amended and restated
in its entirety, but only Schedule A and the Purchaser’s signature page hereto need be so amended and updated and executed
by each of the Purchaser and the Company upon the occurrence of any such transfer of Transferee Securities.

 

5. Additional Agreements, Acknowledgements
and Waivers of the Purchaser.

 

(a) Lock-up;
Transfer Restrictions. The Purchaser agrees that it shall not Transfer any Forward Purchase Shares until 30 days after the
completion of the initial Business Combination. Notwithstanding the foregoing, Transfers of the Forward Purchase Shares are
permitted (any such transferees, the “Permitted Transferees”): (A) to the Company’s officers or directors,
any affiliates or family members of any of the Company’s officers or directors, any members of the Purchaser, or any
affiliates of the Purchaser; (B) 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 individual’s immediate family or an affiliate of such person, or to a
charitable organization; (C) in the case of an individual, by virtue of laws of descent and distribution upon death of the
individual; (D) in the case of an individual, pursuant to a qualified domestic relations order; (E) 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
securities were originally purchased; (F) in the event of the Company’s liquidation prior to the completion of a Business
Combination; (G) in the event of the Company’s liquidation, merger, capital stock exchange, reorganization or other
similar transaction which results in all of the Company’s shareholders having the right to exchange their Class A Shares
for cash, securities or other property subsequent to the completion of a Business Combination; (H) as a distribution to limited
partners, members or shareholders of the Purchaser; (I) to the Purchaser’s affiliates, to any investment fund or other
entity controlled or managed by the Purchaser or any of its affiliates, or to any investment manager or investment advisor of the
Purchaser or an affiliate of any such investment manager or investment advisor; (J) to a nominee or custodian of a person or
entity to whom a disposition or transfer would be permissible under clauses (A) through (I) above; (K) to the
Purchaser or any Transferee hereunder; (L) by virtue of the laws of the Purchaser’s jurisdiction of formation or its
organizational documents upon dissolution of the Purchaser; and (M) pursuant to an order of a court or regulatory agency; provided, however,
that in the case of clauses (A) through (E) and (H) through (L), these Permitted Transferees must enter into a written
agreement agreeing to be bound by these transfer restrictions. “Transfer” shall mean the (x) sale or
assignment 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 Forward Purchase Shares
(excluding any pledges in the ordinary course of business for bona fide financing purposes or as part of prime brokerage
arrangements), (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 Forward Purchase Shares, whether any such transaction is to be settled by delivery of such
Forward Purchase Shares, in cash or otherwise, or (z) public announcement of any intention to effect any transaction specified
in clause (x) or (y).

 

    7

     

    

 

(b) Cut Back. Notwithstanding anything
else provided herein, the Company has the right, in its sole discretion, to cut back the amount of Forward Purchase Shares which the
Purchaser may purchase hereunder at any time.

 

(c) Trust Account.

 

(i) The Purchaser hereby
acknowledges that it is aware that the Company will establish the Trust Account for the benefit of its public shareholders upon the IPO
Closing. The Purchaser, for itself and its affiliates, 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 Purchaser may have in respect of any Public Shares held by it.

 

(ii) The Purchaser 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 Purchaser may have in respect of any Public Shares held
by it. In the event the Purchaser has any Claim against the Company under this Agreement, the Purchaser 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 Purchaser may have in respect of any Public Shares held by it.

 

6. Nasdaq Listing. The
Company will use commercially reasonable efforts to effect the listing of the Class A Shares and Public Warrants on The Nasdaq Capital
Market (“Nasdaq”) (or another national securities exchange) at the time of the Business Combination Closing.

 

7. Forward Closing Conditions.

 

(a) The obligation of the Purchaser to purchase the Forward Purchase
Shares at the Forward Closing under this Agreement shall be subject to the fulfillment, at or prior to the Forward Closing of each of
the following conditions, any of which, to the extent permitted by applicable laws, may be waived by the Purchaser:

 

(i) The Business Combination shall be consummated substantially concurrently
with the purchase of the Forward Purchase Shares;

 

(ii) The Purchaser and
any applicable Transferee shall have obtained the approval of its respective investment committee to consummate the purchase of the Forward
Purchase Shares hereunder;

 

(iii) The Company shall have delivered to the Purchaser a certificate
evidencing the Company’s good standing under the laws of its jurisdiction of organization;

 

(iv) The representations
and warranties of the Company set forth in Section 3 of this Agreement shall have been true and correct as of the date hereof
and shall be true and correct as of the Forward Closing Date, as applicable, with the same effect as though such representations and warranties
had been made on and as of such date (other than any such representation or warranty that is made by its terms as of a specified date,
which shall be true and correct as of such specified date), except where the failure to be so true and correct would not have a material
adverse effect on the Company or its ability to consummate the transactions contemplated by this Agreement;

 

(v) The Company shall have
performed, satisfied and complied in all material respects with the covenants, agreements and conditions required by this Agreement to
be performed, satisfied or complied with by the Company at or prior to the Forward Closing; and

 

    8

     

    

 

(vi) No order, writ, judgment, injunction, decree, determination, or
award shall have been entered by or with any governmental, regulatory, or administrative authority or any court, tribunal, or judicial,
or arbitral body, and no other legal restraint or prohibition shall be in effect, preventing the purchase by the Purchaser of the Forward
Purchase Shares.

 

(b) The obligation of the Company to sell the Forward Purchase Shares
at the Forward Closing under this Agreement shall be subject to the fulfillment, at or prior to the Forward Closing of each of the following
conditions, any of which, to the extent permitted by applicable laws, may be waived by the Company:

 

(i) The Business Combination shall be consummated substantially concurrently
with the purchase of Forward Purchase Shares;

 

(ii) The representations
and warranties of the Purchaser set forth in Section 2 of this Agreement shall have been true and correct as of the date hereof
and shall be true and correct as of the Forward Closing Date, as applicable, with the same effect as though such representations and warranties
had been made on and as of such date (other than any such representation or warranty that is made by its terms as of a specified date,
which shall be true and correct as of such specified date), except where the failure to be so true and correct would not have a material
adverse effect on the Purchaser or its ability to consummate the transactions contemplated by this Agreement;

 

(iii) The Purchaser shall
have performed, satisfied and complied in all material respects with the covenants, agreements and conditions required by this Agreement
to be performed, satisfied or complied with by the Purchaser at or prior to the Forward Closing; and

 

(iv) No order, writ, judgment, injunction, decree, determination, or
award shall have been entered by or with any governmental, regulatory, or administrative authority or any court, tribunal, or judicial,
or arbitral body, and no other legal restraint or prohibition shall be in effect, preventing the purchase by the Purchaser of the Forward
Purchase Shares.

 

8. Termination. This
Agreement may be terminated at any time prior to the Forward Closing:

 

(a) by mutual written consent
of the Company and the Purchaser;

 

(b) automatically

 

(i) if the IPO is not consummated
on or prior to twelve months from the date of this Agreement; or

 

(ii) if the Business Combination
is not consummated within 24 months from the closing of the IPO, or such later date as may be approved by the Company’s shareholders.

 

In the event of any termination
of this Agreement pursuant to this Section 8, the Forward Purchase Price (and interest thereon, if any), if previously paid,
and all Purchaser’s funds paid in connection herewith shall be promptly returned to the Purchaser, and thereafter this Agreement
shall forthwith become null and void and have no effect, without any liability on the part of the Purchaser or the Company and their respective
directors, officers, employees, partners, managers, members, or shareholders and all rights and obligations of each party shall cease;
provided, however, that nothing contained in this Section 8 shall relieve either party from liabilities or damages
arising out of any fraud or willful breach by such party of any of its representations, warranties, covenants or agreements contained
in this Agreement.

 

9. 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: Inflection Point
Acquisition Corp., 34 East 51st Street, Fifth Floor, New York, New York 10022, Attn: Michael Blitzer, Co-Chief Executive
Officer and Director, email: blitzer@kingstowncapital.com, with a copy to the Company’s counsel at: White & Case LLP, 1221 6th
Avenue New York, New York 10020, Attn: Joel Rubinstein, Esq., email: joel.rubinstein@whitecase.com.

 

    9

     

    

 

All communications to the
Purchaser shall be sent to the Purchaser’s address as set forth on the signature page hereof, or to such e-mail address, facsimile
number (if any) or address as subsequently modified by written notice given in accordance with this Section 9(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 Purchaser 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 Purchaser or any of its officers, employees or representatives is responsible. The
Company agrees to indemnify and hold harmless the Purchaser 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 Forward Closing.

 

(d) Entire Agreement.
This Agreement, together with any 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 dispute 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 (i) hereby irrevocably and unconditionally submit to the jurisdiction of the state courts of New York and to the jurisdiction
of 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) hereby 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.

 

    10

     

    

 

(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 Purchaser.

 

(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 Purchaser 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 Forward Purchase Shares and the securities issuable upon conversion or exercise of the Forward
Purchase Shares.

 

(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.
The Purchaser agrees that irreparable damage may occur in the event any provision of this Agreement was not performed by the Purchaser
in accordance with the terms hereof and that the Company shall be entitled to specific performance of the terms hereof, in addition to
any other remedy at law or equity.

 

[Signature Page Follows]

 

    11

     

    

 

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

 

	PURCHASER:	 
	 	 
	KINGSTOWN 1740 FUND L.P.	 
	 	 
	By:	                                    	 
	Name:	 	 
	Title:	 	 
	 	 
	Address for Notices: 34 East 51st Street, 5th	 
	Floor New York NY 10022 USA	 
	 	 
	E-mail: blitzer@kingstowncapital.com	 
	 	 
	KINGFISHERS L.P.	 
	 	 
	By:	    	 
	Name:	 	 
	Title:	 	 
	 	 
	Address for Notices: 34 East 51st Street, 5th	 
	Floor New York NY 10022 USA	 
	 	 
	E-mail: blitzer@kingstowncapital.com	 

 

    12

     

    

 

	COMPANY: 	 
	 	 
	INFLECTION POINT ACQUISITION CORP.	 
	 	 	 
	By:	 	 
	Name:  	Michael Blitzer	 
	Title: 	Co-Chief Executive Officer and Director	 

 

[Signature Page to Forward Purchase Agreement]

 

    13

     

    

 

TO BE EXECUTED UPON ANY ASSIGNMENT AND/OR REVISION IN ACCORDANCE WITH
THIS AGREEMENT TO “NUMBER OF FORWARD PURCHASE SHARES” AND “AGGREGATE PURCHASE PRICE FOR FORWARD PURCHASE SHARES”
SET FORTH BELOW 

 

	Number of Forward Purchase Shares:	 	 	 
	Aggregate Purchase Price for Forward Purchase Shares:	 	$		 

 

Number of Forward Purchase Shares and Aggregate Purchase Price for
Forward Purchase Shares as of [●], 2021, accepted and agreed to as of this day of [●], 2021.

 

	 	[   ]
	 	 	 
	 	By:	                
	 	Name:	 
	 	Title:	 
	 	 
	 	INFLECTION POINT ACQUISITION CORP.
	 	 	 
	 	By:	 
	 	Name: 	 
	 	Title:	 

 

    14

     

    

 

SCHEDULE A 

 

SCHEDULE OF TRANSFERS OF FORWARD PURCHASE SHARES

 

The following transfers of a portion of the original number of Forward
Purchase Shares have been made:

 

	Date of Transfer	 	 	Transferee	 	 	
    Number of Forward

    Purchase Shares

    Transferred
	 	 	
    Purchaser Revised

    Forward Purchase

    Shares Amount
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

    15

     

    

 

TO BE EXECUTED UPON ANY ASSIGNMENT OR FINAL
DETERMINATION OF FORWARD PURCHASE SHARES: 

 

Schedule A as of [●], 2021, accepted and agreed to as of this
day of [●], 2021 by:

 

	[   ]	 	INFLECTION POINT ACQUISITION CORP.
	 	 	 	 	 
	By:	 	 	By:	                
	Name: 	 	 	Name: 	 
	Title:	 	 	Title:	 

 

 

16

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