Exhibit 10.17


 


COMPANY
SUPPORT AGREEMENT


 


This COMPANY SUPPORT AGREEMENT,
dated as of January 23, 2021 (this “Agreement”), is by and among Spartan Acquisition Corp. II, a Delaware corporation
(“Spartan”), and each of the members of the Company (as defined below) whose names appear on the signature pages
of this Agreement (each, a “Company Member” and, collectively, the “Company Members”).


 


WHEREAS, Spartan, Sunlight
Financial LLC, a Delaware limited liability company (the “Company”), SL Invest I Inc., a Delaware corporation
(“MergerCo1”), SL Invest II LLC, a Delaware limited liability company (“MergerCo2”), SL Financial
Investor I LLC, a Delaware limited liability company (“Holdings I”), SL Financial Investor II LLC, a Delaware
limited liability company (“Holdings II”), SL Financial Holdings Inc., a Delaware corporation (“Spartan
Sub”), SL Financial LLC, a Delaware limited liability company (“OpCo Merger Sub”), FTV-Sunlight, Inc.,
a Delaware corporation (“FTV Blocker”), and Tiger Co-Invest B Sunlight Blocker, LLC, a Delaware limited liability
company (“Tiger Blocker,” and collectively with FTV Blocker, the “Blockers”), propose to
enter into, simultaneously herewith, a business combination agreement (the “BCA”);


 


WHEREAS, capitalized terms
used but not defined in this Agreement shall have the meanings ascribed to them in the BCA, a copy of which has been made available
to each Company Member;


 


WHEREAS, as of the date
hereof, each Company Member is the record owner of the number of Class A-1 Units, Class A-2 Units, Class A-3 Units or Class B Units
as set forth opposite such Company Member’s name on Exhibit A hereto (all such Class A-1 Units, Class A-2 Units, Class
A-3 Units and Class B Units and any Class A-1 Units, Class A-2 Units, Class A-3 Units and Class B Units of which ownership of record
or the power to vote is hereafter acquired by a Company Member prior to the Expiration Time (as defined below) being referred to
herein as the “Units”); and


 


WHEREAS, in order to induce,
Spartan, MergerCo1, MergerCo2, Holdings I, Holdings II, Spartan Sub, and OpCo Merger Sub to enter into the BCA, the Company Members
are executing and delivering this Agreement to Spartan.


 


NOW, THEREFORE, in consideration
of the foregoing and of the mutual covenants and agreements contained herein, and intending to be legally bound hereby, each of
Spartan and the Company Members (severally, and not jointly or jointly and severally) hereby agrees as follows:


 


1. 
Agreement to Deliver Written Consent.


 


(a) 
Each Company Member, by this Agreement, severally, and not jointly or jointly and severally, agrees that as promptly as
practicable after the Registration Statement is declared effective by the SEC (and in no event later than two (2) Business Days
after such effective date), such Company Member shall execute and deliver a written consent, substantially in the form set forth
in Section 7.02(c) of the Company Disclosure Schedules to the BCA (the “Written Consent”), which consent shall
approve the BCA, the OpCo Merger and the other Transactions. Following such execution and delivery, each Company Member hereby
agrees that it will not revoke, withdraw or repudiate the Written Consent. Such Written Consent shall be coupled with an interest
and, prior to the Expiration Time, shall be irrevocable. Until the Expiration Time, and subject to Section 2 hereof, no
Company Member shall enter into any tender or voting agreement, or any similar agreement, arrangement or understanding, or grant
proxy or power of attorney, with respect to the Units that is inconsistent with this Agreement or otherwise take any other action
with respect to the Units that would prevent, materially restrict, materially limit or materially interfere with the performance
of such Company Member’s obligations hereunder or the consummation of the Transactions.


 




    	1



    	



    

 


(b) 
Until the Expiration Time, at any meeting of the members of the Company or at any postponement or adjournment thereof or
in any other circumstances upon which a Company Member’s vote, consent or other approval (including by written consent) is
sought, such Company Member shall vote (or cause to be voted) all Units, currently or hereinafter owned by such Company Member,
against and withhold consent with respect to any Company Acquisition Proposal. No Company Member shall commit or agree to take
any action inconsistent with the foregoing that would be effective prior to the Expiration Time.


 


2. 
Agreement to Vote.


 


(a) 
Each Company Member, by this Agreement, with respect to its Units, severally, and not jointly or jointly and severally,
hereby agrees (and agrees to execute such documents or certificates evidencing such agreement as Spartan may reasonably request
in connection therewith), if (and only if) each of the Approval Conditions shall have been met, to vote, at any meeting of the
members of the Company, and in any action by written consent of the members of the Company, all of such Company Member’s
Units (i) in favor of the approval and adoption of the BCA, the OpCo Merger, the Blocker Mergers, the Transactions and this Agreement,
and (ii) against any action, agreement or transaction (other than the BCA or the Transactions) or proposal that would result in
a breach of any covenant, representation or warranty or any other obligation or agreement of the Company under the BCA or that
would reasonably be expected to result in the failure of the Transactions from being consummated. In addition to the foregoing,
each of the Blockers, by this Agreement, with respect to its Units, severally, and not jointly or jointly and severally, hereby
agrees (and agrees to execute such documents or certificates evidencing such agreement as Spartan may reasonably request in connection
therewith), if (and only if) each of the Approval Conditions shall have been met, to consent, under Section 9.6 of the Company
LLC Agreement, in favor of the approval and adoption of the BCA, the OpCo Merger, the Blocker Mergers, the Transactions and this
Agreement. Each Company Member acknowledges receipt and review of a copy of the BCA. For purposes of this Agreement, “Approval
Conditions” shall mean there shall not have been any amendment to the BCA that has a material and adverse impact on the
aggregate Total Equity Interest Consideration and Total Cash Consideration payable under the BCA to the Company Members.


 


3. 
Transfer of Units.


 


(a) 
Each Company Member, severally, and not jointly or jointly and severally, agrees that, until the Expiration Time, it shall
not (i) Transfer or otherwise agree to Transfer any Units (unless the transferee agrees to be bound by this Agreement), (ii) deposit
any Units into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect
thereto that is inconsistent with this Agreement or (iii) take any action that would have the effect of preventing or disabling
the Company Member from performing its obligations hereunder. For purposes of this Agreement, “Transfer” shall mean
any direct or indirect sale, assignment, encumbrance, pledge, hypothecation, disposition, loan or other transfer (including by
operation of law), or entry into any contract, option or other agreement or undertaking with respect to any direct or indirect
sale, assignment, encumbrance, pledge, hypothecation, disposition, loan or other transfer (including by operation of law), excluding
entry into this Agreement and the BCA and the consummation of the Transactions.


 




    	2



    	



    

 


(b) 
Until the Expiration Time, each Company Member, severally, and not jointly or jointly and severally, agrees that any Units
that such Company Member purchases or otherwise hereinafter acquires or with respect to which such Company Member otherwise acquires
sole or shared voting power after the execution of this Agreement and prior to the Expiration Time shall be subject to the terms
and conditions of this Agreement to the extent as if they were owned by such Company Member as of the date hereof.


 


(c) 
Any Transfer or attempted Transfer of any Units in violation of this Section 3 shall, to the fullest extent permitted
by applicable Law, be null and void ab initio.


 


4. 
No Solicitation of Transactions. Each of the Company Members (severally, and not jointly or jointly and severally),
agrees not to directly or indirectly, through any officer, director, representative, agent or otherwise, (a) initiate, solicit
or knowingly encourage (including by furnishing non-public information) the submission of, or participate in any discussions or
negotiations that relate to a Company Acquisition Proposal or (b) participate in any discussions or negotiations regarding, or
furnish to any person, any non-public information with respect to, or otherwise knowingly encourage, any Company Acquisition Proposal
(or inquiries, proposals or offers or other efforts that would reasonably be expected to lead to any Company Acquisition Proposal).
Each Company Member shall, and shall direct or cause its representatives and agents to, immediately cease and cause to be terminated
any discussions or negotiations with any parties that relate to a Company Acquisition Proposal (other than the Transactions) to
the extent required by the BCA.


 


5. 
Waiver of Appraisal and Dissenters’ Rights. Each Company Member hereby irrevocably and unconditionally waives,
and agrees not to exercise, assert or perfect (or attempt to exercise, assert or perfect), any rights of appraisal or rights to
dissent from the OpCo Merger, the Blocker Mergers or the other Transactions that it may at any time have under applicable Law.
Such Company Member agrees not to commence, join in, facilitate, assist or encourage, and agrees to take all actions necessary
to opt out of any class in any class action with respect to, any claim, derivative or otherwise, against the Company, Spartan or
any of their respective successors, directors or officers (a) challenging the validity of, or seeking to enjoin the operation of,
any provision of this Agreement or (b) alleging a breach of any fiduciary duty of any person in connection with the evaluation,
negotiation or entry into the BCA. For the avoidance of doubt, nothing herein shall preclude any Company Member from asserting
any claims it may have pursuant to the BCA and the other Transaction Documents.


 


6. 
Representations and Warranties. Each Company Member, severally, and not jointly or jointly and severally, represents
and warrants for and on behalf of itself to Spartan as follows:


 


(a) 
The execution, delivery and performance by such Company Member of this Agreement and the consummation by such Company Member
of the transactions contemplated hereby do not and will not (i) conflict with or violate any Law applicable to such Company Member,
(ii) require any consent, approval or authorization of, declaration, filing or registration with, or notice to, any person or entity,
(iii) result in the creation of any Lien on any Units or (iv) conflict with, violate or result in a breach of or constitute a default
under any provision of such Company Member’s Organizational Documents (if such Company Member is an entity) or any material
agreement (including any voting agreements) to which such Company Member is a party.


 




    	3



    	



    

 


(b) 
As of the date of this Agreement, such Company Member (i) owns exclusively of record and has good, valid and marketable
title to the Units set forth opposite the Company Member’s name on Exhibit A free and clear of any and all Liens,
options, rights of first refusal and limitations on such Company Member’s voting rights (other than pursuant to this Agreement
or transfer restrictions under applicable securities laws, the Organizational Documents of the Company or the Organizational Documents
of such Company Member), (ii) has the sole power (as currently in effect) to vote and full right, power and authority to sell,
transfer and deliver such Units, and the power to agree to all of the matters applicable to such Company Member set forth in this
Agreement and (iii) as of the date of this Agreement, such Company Member does not own any rights to purchase or acquire, directly
or indirectly, any other Units.


 


(c) 
Such Company Member has the full power, authority and capacity to execute, deliver and perform this Agreement, and that
this Agreement has been duly authorized, executed and delivered by such Company Member.


 


7. 
Termination. This Agreement and the obligations of the parties under this Agreement shall automatically terminate
upon the earliest of: (a) the OpCo Merger Effective Time; (b) the valid termination of the BCA in accordance with its terms prior
to the OpCo Merger Effective Time; and (c) the mutual written agreement of Spartan and the Company Members holding a majority in
interest of the Company Membership Units held by all Company Members (the earliest of the events described in clauses (a)—(c)
of this Section 7, the “Expiration Time”).


 


8. 
Miscellaneous.


 


(a) 
Until the Expiration Time, each Company Member will and will cause its Representatives to keep confidential and not disclose
any non-public information relating to Spartan or the Company or any of their respective subsidiaries, including the existence
or terms of, or transactions contemplated by, this Agreement, the BCA or the other Transaction Documents, except to the extent
that such information (i) was, is or becomes generally available to the public after the date hereof other than as a result of
a disclosure by such Company Member in breach of this Section 8(b), (ii) is, was or becomes available to such Company Member
on a non-confidential basis from a source other than Spartan or the Company; provided that, to the knowledge of such Company
Member, such information is not subject to a legal, fiduciary or contractual obligation of confidentiality or secrecy to Spartan
or the Company, or (iii) is or was independently developed by such Company Member after the date hereof without use of, or reference
to any non-public information of Spartan or the Company. Notwithstanding the foregoing, such information may be disclosed (i) to
a Company Member’s prospective and current limited partners (or their equivalent) and such Company Member’s employees,
accountants, advisors, investors, representatives and financing sources who have a need to know, in such Company Member’s
sole discretion, and other representatives, as necessary in connection with the ordinary conduct of their respective businesses
(provided that such Person is subject to an obligation of confidentiality), general information regarding the subject matter
of this Agreement, the BCA and the transactions contemplated hereby and thereby, including, the performance of any Affiliate’s
investment in the Company on a confidential basis, in connection with its or its affiliated fund’s normal fund raising, marketing
or reporting activities and (ii) to the extent required to be disclosed in a judicial or administrative proceeding, or otherwise
required to be disclosed by applicable Law (including complying with any oral or written questions, interrogatories, requests for
information or documents, subpoena, civil investigative demand or similar process to which such disclosing party is subject), provided
that such Company Member gives Spartan or the Company, as applicable, prompt notice of such request(s) or requirement(s), to the
extent practicable (and not prohibited by Law), so that Spartan or the Company may seek, at its expense, an appropriate protective
order or similar relief (and such Company Member shall reasonably cooperate with such efforts).


 




    	4



    	



    

 


(b) 
All notices, requests, claims, demands and other communications to be given in connection with any of the terms or provisions
of this Agreement shall be in writing and shall be sent in the same manner as provided in the BCA, with (i) notices to Spartan
being sent to the address set forth therein, in each case with all copies as required thereunder and (ii) notices to each Company
Member being sent to the address set forth opposite such Company Member’s name on Exhibit A under the heading “Address.”


 


(c) 
This Agreement and the other Transaction Documents constitute the entire agreement among the parties hereto and thereto
with respect to the subject matter hereof and supersede all prior agreements and undertakings, both written and oral, among the
parties, or any of them, with respect to the subject matter hereof.


 


(d) 
No party hereto may assign either this Agreement or any of its rights, interests, or obligations hereunder without the prior
written consent of the other parties hereto, and any purported assignment in violation of the foregoing shall be null and void
ab initio. This Agreement shall be binding on the parties hereto and their respective successors and assigns.


 


(e) 
This Agreement shall be binding upon and inure solely to the benefit of each party hereto, and nothing in this Agreement,
express or implied, is intended to or shall confer upon any other person any right, benefit or remedy of any nature whatsoever
under or by reason of this Agreement. No Company Member shall be liable for the breach by any other Company Member of this Agreement.


 


(f)  
Without further consideration, each party shall use commercially reasonable efforts to execute and deliver or cause to be
executed and delivered such additional documents and instruments and take all such further action as may be reasonably necessary
or desirable to consummate the transactions contemplated by this Agreement.


 


(g) 
This Agreement shall be construed and interpreted in a manner consistent with the provisions of the BCA. In the event of
any conflict between the terms of this Agreement and the BCA, the terms of the BCA shall govern. The provisions set forth in 9.04
(Amendment) and 9.05 (Waiver) 10.04 (Severability), 10.08 (Governing Law), 10.09 (Waiver of Jury Trial), Sections 10.13 (Counterparts),
10.16 (Specific Performance), of the BCA, as in effect as of the date hereof, are hereby incorporated by reference into, and shall
be deemed to apply to, this Agreement, mutatis mutandis.


 


[Signature pages follow]


 




    	5



    	



    

 


IN WITNESS WHEREOF, the
parties have executed this Agreement as of the date first written above.


 


	 	SPARTAN ACQUISITION CORP. II
	 	 	 
	 	By:	/s/ Geoffrey Strong
	 	Name:	Geoffrey Strong
	 	Title:	Chief Executive Officer
	 	 	 


Signature Page
to Company Support Agreement


    	 



    

    

	 	 	 
	 	COMPANY MEMBERS
	 	 
	 	FTV-Sunlight, Inc.
	 	 
	 	By:	/s/ David Haynes
	 	Name:	David Haynes
	 	Title:	Managing Member
	 	 	 


Signature Page
to Company Support Agreement


    	 



    

    

	 	 	 
	 	Tiger Co-Invest B Sunlight Blocker LLC
	 	 	 
	 	By: 	Tiger Infrastructure Partners Co-Invest B LP, 
	 	 	its sole member
	 	By:	 Tiger Infrastructure Associates GP Co-Invest B LP, 
	 	 	its general partner 
	 	By:	 Emil Henry VI LLC, 
	 	 	its general partner
	 	By:	 Henry Tiger Holdings III LLC, 
	 	 	its sole member
	 	By:	 Emil Henry LLC, 
	 	 	its managing member 
	 	 	 
	 	By:	/s/ Emil W. Henry, Jr.
	 	Name:	Emil W. Henry, Jr.
	 	Title:	Managing Member 
	 	 	 




    	 



    

    




	 	 	 
	 	Tiger Infrastructure Partners Sunlight Feeder LP
	 	 	 
	 	By: 	Tiger Infrastructure Associates GP LP, 
	 	 	its general partner
	 	By:	 Emil Henry IV LLC,
	 	 	its general partner
	 	By:	 Henry Tiger Holdings II LLC, 
	 	 	its sole member
	 	By:	 Emil Henry LLC,
	 	 	its managing member 
	 	 	 
	 	By:	/s/ Emil W. Henry, Jr.
	 	Name:	Emil W. Henry, Jr.
	 	Title:	Managing Member 
	 	 	 



Signature Page to Company Support Agreement



    	 



    

    

Exhibit A


 


	Company Member	 	Units	 	Address
	 	 	 	 	 
	FTV-Sunlight, Inc.	 	376,395	 	c/o FTV Capital

    555 California Street

    Suite 2850

    San Francisco, CA 94014

    Attention:    Brad Bernstein
                      David Haynes

                         Mike Vostrizansky

    Telephone:  (415) 229-3000

    Email: bbernstein@ftvcapital.com; 

    dhaynes@ftvcapital.com;

    mvostrizansky@ftvcapital.com
	 	 	 	 	 
	Tiger Co-Invest B

 Sunlight Blocker LLC	 	118,845	 	717 Fifth Avenue

    New York, NY 10022

    Attention:    Jason Kaslow

    Telephone:  (212) 201-2187

    Email: jkaslow@tigerinfrastructure.com
	 	 	 	 	 
	Tiger Infrastructure

 Partners Sunlight Feeder LP	 	298,317	 	717 Fifth Avenue

    New York, NY 10022

    Attention:    Jason Kaslow

    Telephone:  (212) 201-2187

    Email: jkaslow@tigerinfrastructure.com