SEC Contract Filing

Filing Date: 2023-11-20

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>f10q0923ex10-1_interprivate3.htm
<DESCRIPTION>CONSULTING SERVICES AGREEMENT BY AND BETWEEN THE COMPANY AND RICHARD MCGINN
<TEXT>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: right"><B>Exhibit 10.1</B></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">This Consulting
Agreement (this &ldquo;<U>Agreement</U>&rdquo;), dated as of August 18, 2023 (the &ldquo;<U>Effective Date</U>&rdquo;), is entered into
by and between InterPrivate III Financial Partners Inc., a Delaware corporation (the &ldquo;<U>Company</U>&rdquo;), and Rich McGinn (&ldquo;<U>Consultant</U>&rdquo;)
(collectively referred to as the &ldquo;<U>Parties</U>&rdquo; or individually referred to as a &ldquo;<U>Party</U>&rdquo;)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in">WHEREAS, the Company
desires to continue to engage Consultant to perform consulting services on behalf of the Company in accordance with the terms hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in">NOW, THEREFORE, in
consideration of the premises and the mutual covenants set forth herein, the Parties hereby agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in">Section 1 <U>Consulting Services.</U></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 1in">(a) The
Company hereby retains Consultant, and Consultant hereby accepts such retention, to perform consulting and advisory services for the Company
that include (i) assistance with the Company&rsquo;s due diligence and analysis of one or more potential business combination targets
identified by the Company from time to time, and (ii) advice and assistance in negotiating the terms, structure and the execution of one
or more business combination transactions involving the Company (the &ldquo;<U>Consulting Services</U>&rdquo;), upon the terms and subject
to the conditions set forth in this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 1in">(b) Consultant
agrees to devote Consultant&rsquo;s reasonable efforts in performing the Consulting Services. Consultant shall comply with all rules,
procedures and standards promulgated from time to time by the Company with regard to Consultant&rsquo;s access to and use of the Company&rsquo;s
property, information, equipment and facilities. Consultant acknowledges and agrees that he may not, directly or indirectly through others,
engage in or facilitate any transaction involving Company&rsquo;s securities while he has or is aware of any material nonpublic information,
and he agrees not to disclose material nonpublic information to any third parties. Consultant agrees that the foregoing restrictions will
continue for as long as any information the Consultant has is both material and nonpublic and Consultant understands that this mean such
restrictions can continue even after the Consultant&rsquo;s engagement with the Company has terminated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in">Section 2 <U>Compensation.</U></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 1in">(a) <U>Consulting
Fee</U>. On the Effective Date, the Company shall pay the Consultant a retainer of $50,000.00. If thereafter this Agreement is renewed
as provided in Section 4, then an additional payment shall be agreed and due on such renewal date. Notwithstanding anything in this Agreement
to the contrary, the aggregate annual compensation payable to Consultant under this Agreement, exclusive of reimbursements for approved
expenses, shall not exceed the $120,000.00 per year in the aggregate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 1in; margin-top: 0pt; margin-bottom: 0pt"> (b) <U>Expenses</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1in; text-align: justify; text-indent: 0.5in">(i) Consultant
shall not be authorized to incur any expenses on behalf of the Company, except such expenses otherwise approved in writing in advance
by the Company. Company shall reimburse Consultant for all approved expenses incurred by Consultant provided that such expenses are confirmed
by appropriate written expense statements, receipts or other supporting documentation.</P>

<P STYLE="font: 10pt