LETTER AGREEMENT, DATED JUNE 3, 2026, BETWEEN THE COMPANY AND THE SPONSOR
InterPrivate Investment Partners V, Inc.
LETTER AGREEMENT
June 3, 2026
InterPrivate Investment Partners V, Inc.
1350 Avenue of the Americas, 2nd Floor
New York, New York 10019
Cantor Fitzgerald & Co. 499 Park Avenue New York, New York 10022
Re: Initial Public Offering
Ladies and Gentlemen:
This letter agreement (this “Letter Agreement”) is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”) entered into by and between InterPrivate Investment Partners V, Inc., a Cayman Islands exempted company (the “Company”), and Cantor Fitzgerald & Co. as representative (the “Representative”) of the underwriters named therein (the “Underwriters”), relating to the underwritten initial public offering (the “IPO”) of 17,500,000 units of the Company (or up to 20,125,000 units if the Over-Allotment Option is exercised in full) (the “Units”), each comprised of one Class A ordinary share, par value $0.0001 per share, of the Company (the “Ordinary Shares”), and one-third of one redeemable warrant (each whole warrant, a “Warrant”). Each War
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