Exhibit 10.4


 





ACAMAR PARTNERS ACQUISITION CORP.


1450 Brickell Avenue, Suite 2130


Miami, Florida 33131


 


February 21, 2019


 


Acamar Partners Sponsor LLC


1450 Brickell Avenue, Suite 2130


Miami, Florida 33131


 


Enso Advisory LLC


1450 Brickell Avenue, Suite 2130


Miami, Florida 33131


 


		Re:	Administrative Support Agreement



 


Ladies and Gentlemen:


 


This letter agreement by and between Acamar
Partners Acquisition Corp. (the “Company”), on the one hand, and Acamar Partners Sponsor LLC (“Sponsor”)
and its affiliate, Enso Advisory LLC (“Enso”), on the other hand, 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 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 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) Enso shall make available, or cause
to be made available, to the Company, at 1450 Brickell Avenue, Suite 2130, Miami, Florida 33131 (or any successor location provided
by Enso), certain office space, administrative support, and employees of Enso as may be reasonably required by the Company, to
help with due diligence and related services in connection with the Company’s search for a target company. In exchange therefor,
the Company shall pay Enso the sum of $37,000 per month on the Listing Date and continuing monthly thereafter until the Termination
Date; provided, that no salaries or fees will be paid from this monthly amount to members of the Company’s management team;
and


 


(ii) Each of Enso and Sponsor 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”) as a result of,
or arising out of, this letter agreement, 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,	 
	 	 	 
	 	ACAMAR PARTNERS ACQUISITION CORP.	 
	 	 	 
	 	
         

        
		 
	 	By:	/s/ Luis Ignacio Solorzano Aizpuru	 
	 	 	Name:	 Luis Ignacio Solorzano Aizpuru	 
	 	 	Title:  	Chief Executive Officer	 


 


AGREED TO AND ACCEPTED BY:











 


	ACAMAR PARTNERS SPONSOR LLC
		 
	 	 	 
	By:	/s/ Joseba Asier Picaza Ucar	 
	Name:	Joseba Asier Picaza Ucar	 
	Title:	Managing Member	 


 








 





	ENSO ADVISORY LLC
	 	 	 
	 	 	 
	By:	/s/ Joseba Asier Picaza Ucar	 
	Name:	Joseba Asier Picaza Ucar	 
	Title:	
        Managing Member

        
	 


 


 


 





 


[Signature Page to Administrative Support
Agreement]