EX-10.4





 Exhibit 10.4 

Gores Holdings V, Inc. 
 9800
Wilshire Blvd. 
 Beverly Hills, CA 90212 

August 3, 2020 
 The Gores Group, LLC 

9800 Wilshire Blvd. 
 Beverly Hills, CA 90212 

Re: Administrative Services Agreement 
 Gentlemen: 

This letter agreement by and between Gores Holdings V, Inc. (the “Company”) and The Gores Group, LLC (“The Gores Group”),
an affiliate of our sponsor, Gores Sponsor V LLC, 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 NASDAQ Capital Market (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) The Gores Group shall make available to the Company, at 9800 Wilshire Blvd., Beverly Hills, CA 90212 (or any successor location), certain
office space, utilities and secretarial and administrative support as may be reasonably required by the Company. In exchange therefor, the Company shall pay The Gores Group the sum of $20,000 per month on the Listing Date and continuing monthly
thereafter until the Termination Date; and 
 (ii) The Gores Group 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 (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,
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 laws
principles. 
 [Signature Page Follows] 

  
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	 Very truly yours,
  

GORES HOLDINGS V, INC.

		
	By:	 	 /s/ Andrew McBride

	 Name:
 Title:
	 	 Andrew McBride
 Chief Financial Officer and
Secretary



  

			
	 AGREED TO AND ACCEPTED BY:
  

THE GORES GROUP, LLC

		
	By:	 	 /s/ Alec Gores

	 Name:
 Title:
	 	 Alec Gores
 Authorized
Signatory


 [Signature Page to Administrative Services Agreement]