InterPrivate Investment Partners V, Inc.
December 10, 2025
InterPrivate Acquisition Management V LLC
1350 Avenue of the Americas, 2nd Floor
New York, NY 10019
RE: Subscription Agreement for Founder Shares
Ladies and Gentlemen:
We are pleased to accept the offer InterPrivate Acquisition Management V LLC (the “Subscriber” or “you”) has made to purchase 5,031,250 shares (“Founder Shares”) of the Class B ordinary shares, $0.0001 par value per share (“Class B Ordinary Shares”), of InterPrivate Investment Partners V, Inc., a Cayman Islands exempted company (the “Company”), up to 656,250 of which are subject to forfeiture by you if the underwriters of the proposed initial public offering (“IPO”) of the Company pursuant to the registration statement on Form S-1 expected to be filed by the Company in connection with the IPO (the “Registration Statement”) do not fully exercise their over-allotment option (the “Over-allotment Option”) as described below. For the purposes of this Agreement (this “Agreement”), references to “**Ordinary
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