Exhibit 10.4

EXECUTION

 

SWITCHBACK ENERGY ACQUISITION CORPORATION

5949 Sherry Lane, Suite 1010

Dallas, TX 75225

 

July 25, 2019

 

NGP Switchback, LLC

5949 Sherry Lane, Suite 1010

Dallas, TX 75225

 

Re:Administrative Services Agreement

 

Gentlemen:

 

This letter agreement by and between Switchback Energy Acquisition Corporation
(the “Company”) and NGP Switchback, LLC (“NGP”), 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 New York Stock Exchange (the “Listing Date”),
pursuant to a Registration Statement on Form S-1 and prospectus filed with the
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”):

 

(i) NGP shall make available to the Company, at 5949 Sherry Lane, Suite 1010,
Dallas, TX 75225 (or any successor location of NGP), certain office space,
utilities, secretarial support and administrative services as may be reasonably
required by the Company. In exchange therefor, the Company shall pay NGP the sum
of $10,000 per month on the Listing Date and continuing monthly thereafter until
the Termination Date; and

 

NGP hereby irrevocably waives any and all right, title, interest, causes of
action and claims of any kind (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 stockholders 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 letter 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 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.

 

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.

 

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 and ineffectual and shall not operate to transfer or assign any interest or
title to the purported assignee.

 

This letter agreement, the entire relationship of the parties hereto, and any
litigation 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.

 

[Signature page follows]

 

1

 

 

  Very truly yours,       SWITCHBACK ENERGY ACQUISITION CORPORATION          
By: /s/ Jim Mutrie     Name: Jim Mutrie     Title: Secretary

 

AGREED TO AND ACCEPTED BY:       NGP SWITCHBACK, LLC           By: /s/ Jim
Mutrie     Name: Jim Mutrie     Title: Secretary  

 

[Signature Page to Administrative Services Agreement]