Exhibit 10.4


 


NEWHOLD INVESTMENT CORP.


950 McCarty Street, Building A


Houston, Texas 77029


 


July 30, 2020


 


NewHold Enterprises (Management) LLC

52 Vanderbilt Avenue, Suite 1501


New York, New York 10017


 


Re: Administrative Support Agreement


 


Ladies and Gentlemen:


 


This letter agreement
by and between NewHold Investment Corp., a Delaware corporation (the “Company”) and NewHold Enterprises (Management)
LLC, a Delaware limited liability company (“NEM”) will confirm our agreement that, commencing on the date the
securities of the Company are first listed on The Nasdaq Capital Market (the “Listing Date”), pursuant to a
Registration Statement on Form S-1 (Registration No. 333-239822) and related prospectus filed with the U.S. Securities and
Exchange Commission (the “Registration Statement”) and continuing until the earlier of the consummation by the
Company of an initial business combination (as defined in the Registration Statement) 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) NEM shall make
available, or cause to be made available, to the Company, at 52 Vanderbilt Avenue, Suite 1501, New York, NY 10017 (or any successor
location of NEM), certain office space, utilities and secretarial and administrative support as may be reasonably required by the
Company. In exchange therefor, the Company shall pay NEM the sum of $15,000 per month on the Listing Date and continuing monthly
thereafter until the Termination Date; and


 


(ii) NEM 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 in or to, and any and all right to seek payment of any amounts due to it (each, a “Claim”)
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, 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
constitutes 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 law principles.


 


[Signature Page Follows]


 




     


     


    

 


	 	Very truly yours,
	 	 
	 	NEWHOLD INVESTMENT CORP.
	 	 
	 	 	 
	 	By:	 /s/ Kevin Charlton
	 	 	Name: Kevin Charlton
	 	 	Title:   Chief Executive Officer


 


	AGREED TO AND ACCEPTED BY:	 
	 	 
	NEWHOLD ENTERPRISES (MANAGEMENT) LLC	 
	 	 
	By:	/s/ Charles Goldman	 
	Name: 	Charles Goldman	 
	Title:	Co-Chairman	 


 


[Signature Page to Administrative Support
Agreement]