EX-10.4





 Exhibit 10.4 

Social Capital Suvretta Holdings Corp. III 

2850 W. Horizon Ridge Parkway, Suite 200 

Henderson, NV 89052 
 June
29, 2021 
 Social + Capital Partnership, L.L.C. 
 2850 W.
Horizon Ridge Parkway, Suite 200 
 Henderson, NV 89052 

Re: Administrative Services Agreement 
 Ladies
and Gentlemen: 
 This Administrative Services Agreement (this “Agreement”) by and between Social Capital Suvretta Holdings Corp.
III (the “Company”) and Social + Capital Partnership, L.L.C. (the “Provider”), dated as of the date hereof, confirms our agreement that, commencing on the date on which the securities of the Company are first listed on the Nasdaq
Capital Market (the “Listing Date”) and continuing until the earlier of the consummation by the Company of an initial business combination and the Company’s liquidation (in each case as described in the Registration Statement on Form S-1 (File No. 333-256725) filed with the U.S. Securities and Exchange Commission on June 2, 2021, as it may be amended from time to time) (such earlier date hereinafter
referred to as the “Termination Date”), the Provider, an affiliate of our sponsor, SCS Sponsor III LLC, shall make available to the Company, at 2850 W. Horizon Ridge Parkway, Suite 200, Henderson, NV 89052 (or any successor location or
other existing office locations of the Provider or any of its affiliates), certain office space, administrative and support services as may be reasonably requested by the Company. In exchange therefor, the Company shall pay the Provider the sum of
$10,000 per month commencing on the Listing Date and continuing monthly thereafter until the Termination Date. 
 The Provider 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”). The Provider further 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 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 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 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 Agreement shall be governed by, construed in accordance with and interpreted pursuant to the laws of the State of New York. 

This 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 Agreement. 
 [Signature page follows] 












 
			
	Very truly yours,
	
	SOCIAL CAPITAL SUVRETTA HOLDINGS CORP. III


 
			
		
	By:	 	/s/ Chamath Palihapitiya
		 	Name: Chamath Palihapitiya
		 	Title: Chief Executive Officer


  

			
	AGREED TO AND ACCEPTED BY:
	
	SOCIAL + CAPITAL PARTNERSHIP, L.L.C.
		
	By:	 	/s/ Chamath Palihapitiya
		 	Name: Chamath Palihapitiya
		 	Title: Chief Executive Officer


  
 [Signature Page to
Administrative Services Agreement]