Exhibit 10.17

SUPPORT COMPENSATION AGREEMENT
This Support Compensation Agreement (“Agreement “) dated as of April 1, 2019,
between Honda Motor Co., Ltd. (“HMC”), a Japanese corporation having an address
at No. 1-1 Minami-Aoyama, 2-chome, Minato-ku, Tokyo 107-8556, Japan, and Honda
Canada Finance Inc. (“HCFI”), a Canadian corporation with an address at 180
Honda Blvd., Suite200, Markham, Ontario, L6C 0H9 (HMC and HCFI together
constituting the “Parties” to this Agreement).

WHEREAS, the Parties have executed that certain Keepwell Agreement dated
September 26, 2005 (the “Keepwell Agreement”), pursuant to which HMC agrees,
inter alia, to assure that HCFI has the liquidity to punctually meet its payment
obligations under any Debt, as defined in the Keepwell Agreement, and that HCFI
has a positive consolidated tangible net worth; and

WHEREAS, the Parties wish to specify the compensation that HMC will be entitled
to receive from HCFI as consideration for undertaking its obligations under the
Keepwell Agreement.

NOW, THEREFORE, in consideration of the foregoing the Parties hereby agree that:

1.     PAYMENTS
1.01.     (a)    As consideration for HMC’s undertaking its obligations under
the Keepwell Agreement, HCFI agrees to pay a fee to HMC (the “Keepwell Fee”) for
each calendar quarter beginning on or after the date of this Agreement
(“Coverage Period”) equal to the Period Average, as defined in paragraph (b) of
this section, of each type of Keepwell Obligation, as defined in paragraph (c)
of this section, multiplied by the Quarterly Fee Rate for that type of Keepwell
Obligation, as specified in paragraph (d) of this section.
    (b)    The period Average is the sum divided by three of the amounts
outstanding at the end of the last Canadian Business Day (“Business Day”) of
each month of the Coverage Period, disregarding any adjustments under FAS 133
and FAS 52.
(c)    The types of Keepwell Obligations are:
(i) Debt, as defined in the Keepwell Agreement, with an initial maturity of one
year or less (“Short-Term Keepwell Obligations”), and
(ii) Such Debt with an initial maturity of more than one year (“Medium-Term
Keepwell Obligations”).
(d)    The Quarterly Fee Rates are:
(i) For Short-Term Keepwell Obligations, one-fourth of the Short-Term Rate, as
specified in Attachment A to this Agreement, and
(ii) For Medium Term Keepwell Obligations, one-fourth of the Medium-Term Rate as
specified in Attachment A to this Agreement.

2.     PAYMENT TERMS
2.01.    (a)    Within two Business Days after the end of a Coverage Period,
HCFI shall send to HMC a Support Compensation Report (“Report”) for the Coverage
Period substantially in the form of ATTACHMENT B to this Agreement, which
contains HCFI’s calculation of the Keepwell Fee owed to HMC for the Coverage
Period.
(b)    When HMC receives a Report pursuant to paragraph (a) of this section
2.01, HMC shall promptly review the Report and inform HCFI if it disagrees with
any part of the Report, in

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which case the Parties shall confer to resolve the disagreement, and, if
necessary, HCFI shall promptly send HMC a revised Report.
(c)    If the HMC accepts a Report (either the initial Report or a revised
Report), HMC shall send HCFI an invoice for the amount shown in the Report as
owned to HMC, and HCFI shall pay that amount within 15 Business Days from the
date of the invoice.

2.02.    HCFI may offset against a Keepwell Fee the amount of any expenses that
HCFI has incurred on behalf of HMC since the effective date of this Agreement
(and not previously used as an offset under this section) in connection with any
obligation subject to the Keepwell Agreement, provided that HCFI lists these
expenses in the Report covering the Keepwell Fee against which the offset is
claimed.

2.03.    If any amount payable by HCFI pursuant to this Agreement is subject to
withholding tax in Canada, HCFI is authorized to withhold and pay such tax to
Canada rather than to HMC, but HCFI shall note the tax to be withheld in the
Report that calculates the taxable amount.

2.04.    (a)    All payments to HMC pursuant to this Agreement shall be
determined and made in Canadian dollars.
(b)    For purposes of determining Period Average Keepwell Obligations, the
amount of such Obligations that are not denominated in Canadian dollars shall be
converted to Canadian dollars at prevailing exchange rates on the last Business
Day of the Coverage Period over which the Period Average is determined.

3.     TERM OF AGREEMENT
3.01.    The initial term of this Agreement shall expire on March 31, 2020, but
shall automatically be renewed for subsequent 12-month terms unless one Party
gives written notice of non-renewal to the other Party more than 30 days prior
to the end of a term.

3.02.    Notwithstanding section 3.01 of this Agreement, HCFI’s duties under
this Agreement shall terminate when the Keepwell Agreement terminates and HCFI
has paid HMC the amounts due under the Reports for all Coverage Periods through
the one during which the Keepwell Agreement terminates.

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4.     OTHER PROVISIONS
4.01.    This Agreement shall be governed by, and construed and interpreted in
accordance with, the laws of Japan.

4.02.    The Attachments to this Agreement are part of this Agreement, and
capitalized terms in the Attachments shall have the same meaning as they do in
the rest of this Agreement.

IN WITNESS WHEREOF, the Parties have caused this Agreement to be duly executed
by their respective officers as of the day and year first above written.

HONDA MOTOR CO., LTD

By: /s/ Masao Kawaguchi            
Name: Masao Kawaguchi
Title: General Manager, Finance Division

HONDA CANADA FINANCE INC.

By: /s/ Kei Yamada                
Name: Kei Yamada
Title: President

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ATTACHMENT A
FEE RATES
1.     FEE RATES
1.01.    Unless modiଁed pursuant to sections 2.01 through 2.03 of this
Attachment A
(i) The Short-Term Rate is 0.05 percent; and
(ii) The Medium-Term Rate is 0.22 percent.

2.     MODIFICATION OF FEE RATES
2.01.    If a Triggering Event, as deଁned in section 2.03 of this Attachment,
occurs, the Parties shall negotiate whether and to what extent the Short-Term
and Medium Term Rates (“Fee Rates”) should be modified and, if they cannot
agree, shall hire a third party satisfactory to both Parties to determine Fee
Rates that are consistent with arm’s length principles promulgated by the
Organization for Economic Cooperation and Development and transfer pricing
regulations in Japan and Canada. The determination of the third party shall be
binding on the Parties, and the Parties shall share equally the costs of
obtaining the determination.

2.02.    If new Fee Rates are determined pursuant to section 2.01 of this
Attachment, the new Fee Rates shall be recorded in a schedule to this Attachment
and shall be effective at the beginning of the ଁrst Coverage Period following
the date of the Triggering Event, unless the Parties agree on a different
effective date.

2.03.    For purposes of this Attachment, a Triggering Event is:
(a)    A notice from one Party to the other of a desire to reconsider the Fee
Rates,
(b)    A payment by HMC required under the Keepwell Agreement, or
(c)    A change in the credit rating of HMC by Standard &. Poor’s and Moody’s
Investor Service, Inc.

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ATTACHMENT B
FORM OF SUPPORT COMPENSATION REPORT

SUPPORT COMPENSATION REPORT FROM HCFI TO HMC
REGARDING THE KEEPWELL AGREEMENT FOR THE PERIOD
[Dates of Coverage Period]
 
Short-Term Keepwell Obligations
Keepwell Medium-Term Obligations
Total
A. Month-End Obligations
 
 
 
B.    1st Month
 
 
 
C.    2nd Month
 
 
 
D.    3rd Month
 
 
 
E. Period Avg. Obligations
    [(B+C+D)/3]
 
 
 
 
 
 
 
F. Fee Rates
 
 
 
G. Quarterly Fee Rate [(F/4)F]
 
 
 
 
 
 
 
H. Keepwell Fee [E x G]
 
 
 
 
 
 
 
I. Offsets
 
 
 
   [List]
 
 
 
J. Total Offsets
 
 
 
 
 
 
 
K. Payment Due [H – J]
 
 
 
L. Withholding Tax
 
 
 
M. Net Payment Due [K - L]