Exhibit 10.4


 





Execution Version







 


 


Social Capital Hedosophia Holdings Corp. II

317 University Ave, Suite 200


Palo Alto, CA 94301


April 27, 2020


Social Capital Holdings, Inc.

317 University Ave, Suite 200


Palo Alto, CA 94301


 


Re: Administrative Services Agreement


Ladies and Gentlemen:


This Administrative Services Agreement (this
 “Agreement”) by and between Social Capital Hedosophia Holdings Corp. II (the “Company”) and Social Capital
Holdings, Inc. (the “Provider”), 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 New York Stock Exchange (the “NYSE”) (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. 333-236774) filed with the Securities
and Exchange Commission) (such earlier date hereinafter referred to as the “Termination Date”), the Provider, an affiliate
of our sponsor, SCH Sponsor II LLC, shall make available to the Company, at 317 University Ave, Suite 200, Palo Alto, CA 94301
(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 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”), 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 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.


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.


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 HEDOSOPHIA HOLDINGS CORP. II
	 	 	 
	 	 	 
	 	By:  	 /s/ Chamath Palihapitiya
	 	 	 Name: Chamath Palihapitiya
	 	 	 Title:     Chief Executive Officer







 





	AGREED TO AND ACCEPTED BY:
	 
	SOCIAL CAPITAL HOLDING, INC.
	 	 
	 	 
	By:  	 /s/ Chamath Palihapitiya
	 	 Name: Chamath Palihapitiya
	 	 Title:     Chairman and Chief Executive Officer




  


[Signature Page to Administrative Services
Agreement]