EX-10.4





 Exhibit 10.4 

TPG Pace Beneficial Finance Corp. 

301 Commerce St. 
 Suite 3300 

Fort Worth, TX 76102 

October 6, 2020 
 TPG Global, LLC 

301 Commerce St. 
 Suite 3300 

Fort Worth, TX 76102 
 Re: Administrative Services Agreement 

Gentlemen: 
 This letter will confirm our
agreement that, commencing on the date the securities of TPG Pace Beneficial Finance Corp. (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”), TPG Global, LLC (“TPG”), an
affiliate of our sponsor, TPG Pace Beneficial Finance Sponsor, Series LLC, shall make available to the Company, at 301 Commerce St., Suite 3300, Fort Worth, TX 76102 (or any successor location), certain office space, administrative and
support services as may be reasonably required by the Company. In exchange therefor, the Company shall pay TPG the sum of $50,000 per month on the Listing Date and continuing monthly thereafter and will be entitled to be reimbursed for any out-of-pocket expenses until the Termination Date. 
 TPG 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 shareholders 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 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 all 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. 
 This letter agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an
original but all of which together shall constitute one and the same letter agreement. 
 [Signature page follows] 

  
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	 Very truly yours,

	
	 TPG PACE BENEFICIAL FINANCE CORP.

		
	 By:
	 	 /s/ Karl Peterson

		 	Name:	 	Karl Peterson
		 	Title:	 	Non-Executive Chairman and Director


 AGREED TO AND ACCEPTED BY: 
  

					
	 TPG GLOBAL, LLC

		
	 By:
	 	 /s/ Michael LaGatta

		 	Name:	 	Michael LaGatta
		 	Title:	 	Vice President


  
 [Signature Page to
Administrative Services Agreement]