SEC Contract Filing

Filing Date: 2021-02-10

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>6
<FILENAME>ea135091ex10-2_thunder3.htm
<DESCRIPTION>ADMINISTRATIVE SERVICES AGREEMENT, DATED FEBRUARY 4, 2021, BY AND AMONG THE COMPANY AND FIRST CAPITAL GROUP, LLC
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>Exhibit 10.2</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>THUNDER BRIDGE CAPITAL PARTNERS III INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">9912 Georgetown Pike</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Suite D203</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Great Falls, Virginia 22066</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">February 4, 2021</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">First Capital Group, LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">9912 Georgetown Pike</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Suite D203</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Great Falls, Virginia 22066</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 24.5pt">Re:&nbsp;<U>Administrative Services Agreement</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 24.5pt">This letter agreement by and between Thunder
Bridge Capital Partners III Inc. (the &ldquo;Company&rdquo;) and First Capital Group, LLC (&ldquo;First Capital&rdquo;), 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 &ldquo;Listing Date&rdquo;), pursuant to a Registration Statement on&nbsp;Form&nbsp;S-1&nbsp;and
prospectus filed with the Securities and Exchange Commission (the &ldquo;Registration Statement&rdquo;) and continuing until the
earlier of the consummation by the Company of an initial business combination or the Company&rsquo;s liquidation (in each case
as described in the Registration Statement) (such earlier date hereinafter referred to as the &ldquo;Termination Date&rdquo;):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 27pt">(i) First Capital, an
affiliate of the Company&rsquo;s Chief Executive Officer, shall make available, or cause to be made available, to the Company,
at 9912 Georgetown Pike, Suite D203, Great Falls, Virginia 22066 (or any successor location of First Capital), office space and
administrative and support services. In exchange therefor, the Company shall pay First Capital the sum of $10,000 per month on
the Listing Date and continuing monthly thereafter until the Termination Date; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 27pt">(ii) First Capital
hereby irrevocably waives any and all right, title, interest, causes of action and claims of any kind as a result of, or arising
out of, this letter agreement (each, a &ldquo;Claim&rdquo;) 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&rsquo;s initial public offering will be deposited (the &ldquo;Trust Account&rdquo;), and hereby
irrevocably waives any Claim it may have in the future, which Claim would reduce, encumber or otherwise adversely affect the Trust
Account or any monies or other assets in the Trust Account, and further agrees not to seek recourse, reimbursement, payment or
satisfaction of any Claim against the Trust Account or any monies or other assets in the Trust Account for any reason whatsoever.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 24.5pt">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 24.5pt">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 24.5pt">No party hereto may assign either this letter
agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the other party. Any
purported assignment in violation of this paragraph shall be void a