Document:

SUBSCRIPTION
AGREEMENT

 

This Subscription
Agreement, dated as of August 17, 2020 (this “Agreement”), is being made and entered into by and
between MDH Acquisition Corp., a Delaware corporation (the “Corporation”),
and MDIH Sponsor LLC (the “Subscriber”). Capitalized terms used
herein and not otherwise defined have the meanings ascribed to such terms in the Amended and Restated Certificate of Incorporation,
dated August 17, 2020.

 

w
i t n e s s e t h :

 

Whereas,
Subscriber wishes to contribute to the Corporation the property and assets set forth on Schedule A hereto (the “Contributed
Assets”) and, in consideration thereof, subscribe, and the Corporation wishes to accept such subscription of Subscriber,
for a number of shares of Class B Common Stock, subject to the terms and conditions of this Agreement.

 

Now
Therefore, in consideration of the mutual covenants hereinafter set forth and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

1.            Subscription
and Issuance. On the terms and subject to the conditions set forth in this Agreement, at the Closing, Subscriber shall
subscribe for, purchase and acquire from the Corporation, and the Corporation shall accept such subscription and issue, transfer
and convey to Subscriber, the Shares of Class B Common Stock set forth opposite the Subscriber’s name on Schedule
B hereto (the “Shares”) in consideration of the Contributed Assets (the “Issuance”).

 

2.            Closing.
The consummation of the Issuance (the “Closing”) shall occur on such date and at such time as the Corporation
has been assigned and assumed the Contributed Assets. Upon Closing, the Corporation shall issue to the Subscriber the Shares purchased
by Subscriber pursuant hereto. The Shares shall be uncertificated.

 

3.            Entire
Agreement; Binding Effect. This Agreement contains the entire agreement of the parties with respect to the subject matter
hereto, and shall inure to the benefit of and be binding upon the parties hereto and upon their successors in interest of any
kind whatsoever, including, but not limited to, their heirs, executors, administrators, guardians, trustees, attorneys-in-fact
and legal and personal representatives.

 

4.            Modification
and Waiver. Any modification, waiver, amendment or termination of this Agreement or any provision hereof shall be effective
only if in writing and signed by all parties to this Agreement.

 

5.            Assignment.
No party shall be permitted to assign any of its rights, interests or obligations hereunder without the express written consent
of the other party.

 

6.            Governing
Law. This Agreement shall be governed by and construed in accordance the internal laws of the State of Delaware applicable
to agreements made in and to be wholly performed in such state, without giving effect to any choice or conflict of law provision
or rule (whether of the State of Delaware or any other jurisdiction) that would cause the application of the laws of any
jurisdiction other than the State of Delaware.

 

7.            Counterparts.
This Agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original and
all of which shall constitute the same instrument. This Agreement and any amendments hereto, to the extent signed and delivered
by means of a facsimile machine or by electronic mail, shall be considered to have the same binding legal effect as if it were
the original signed version thereof delivered in person.

 

[Signature Page Follows]

 

    

     

    

 

IN WITNESS WHEREOF,
the Agreement has been executed by the parties hereto as of the date first written above.

 

	 	CORPORATION:
	 	 
	 	MDH Acquisition Corp.
	 	 
	 	 
	 	By:	/s/ Donald Dupree “Beau”
    Blair, Jr.
	 	Name: Donald Dupree “Beau” Blair, Jr.
	 	Title: Chief Financial Officer
	 	 
	 	 
	 	SUBSCRIBER:
	 	 
	 	MDIH Sponsor LLC
	 	 
	 	 
	 	By:	/s/ Donald Dupree “Beau”
    Blair, Jr.
	 	Name: Donald Dupree “Beau” Blair, Jr.
	 	Title: Authorized Signatory

 

Signature Page to Subscription
Agreement

 

    

     

    

 

SCHEDULE
A

 

Contributed
Assets

 

		1.	Cash in an amount equal to $25,000.

 

    

     

    

 

SCHEDULE
B

 

Issuance

 

	Subscriber	 	Class B
    Common Stock
	MDIH Sponsor LLC	 	5,750,000 shares of Class B Common StockExhibit 10.7

 

MDH ACQUISITION CORP.

600 N. Carroll Ave., Suite 100

Southlake, TX 76092

 

January [●], 2021

 

MDIH Sponsor LLC

600 N. Carroll Ave., Suite 100

Southlake, TX 76092

 

Re: Administrative Services Agreement

 

Ladies and Gentlemen:

 

This letter agreement
(this “Agreement”) by and between MDH Acquisition Corp. (the “Company”) and
MDIH Sponsor LLC (the “Sponsor”), 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 “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”):

 

1.            The
Sponsor shall make available, or cause to be made available, to the Company, at 600 N. Carroll Ave., Suite 100, Southlake,
TX 76092 (or any successor location), office space and secretarial and administrative services as may be reasonably required by
the Company. In exchange therefor, the Company shall pay the Sponsor $10,000 per month on the Listing Date and continuing monthly
thereafter until the Termination Date; and

 

2.            The
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 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”),
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 the 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 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.

 

[Signature Page Follows]

 

    

     

    

 

	 	Very truly yours, 
	 	 
	 	MDH ACQUISITION CORP.
	 	 	 
	 	By: 	 
	 	 	Name: Franklin McLarty
	 	 	Title:  Executive Chairman

 

	AGREED AND ACCEPTED BY:
	 
	 
	MDIH SPONSOR LLC

	 

	 	
	 	 
	By: 	 	 
	 	Name:	Beau Blair	 
	 	
        Title:
	Authorized Person
	 

 

[Signature
Page to Administrative Services Agreement]Exhibit 10.1

Execution Version

 

FOUNDERS
STOCK AGREEMENT

 

This FOUNDERS STOCK
AGREEMENT, dated as of January 23, 2021 (this “Agreement”), is by and among Spartan Acquisition Corp. II, a
Delaware corporation (“Acquiror”), Spartan Acquisition Sponsor II LLC, a Delaware limited liability company
(“Sponsor”), Jan C. Wilson and John M. Stice (together with Sponsor, each, a “Founder” and,
collectively, the “Founders”), each of which own Class B common stock of Acquiror, par value $0.0001 per share
(“Class B Common Stock”).

 

WHEREAS, Acquiror,
SL Invest I Inc., a Delaware corporation, SL Invest II LLC, a Delaware limited liability company, SL Financial Investor I LLC,
a Delaware limited liability company, SL Financial Investor II LLC, a Delaware limited liability company, SL Financial Holdings
Inc., a Delaware corporation, SL Financial LLC, a Delaware limited liability company, Sunlight Financial LLC, a Delaware limited
liability company (the “Company”), FTV-Sunlight, Inc., a Delaware corporation, and Tiger Co-Invest B Sunlight
Blocker, LLC, a Delaware limited liability company, 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; and

 

WHEREAS, as of the
date hereof, each Founder is the record owner of the number of shares of Acquiror Class B Common Stock as set forth opposite such
Founder’s name on Exhibit A hereto (all such shares of Acquiror Class B Common Stock and any shares of Acquiror Class
B Common Stock of which ownership of record or the power to vote is hereafter acquired by the Founders prior to the termination
of this Agreement being referred to herein as the “Shares”).

 

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 the Founders (severally, and not jointly or jointly and severally) and the Acquiror hereby agree as follows:

 

1. Waiver
of Anti-Dilution Provision. Subject to, and effective immediately prior to, the Closing, each Founder hereby irrevocably waives,
to the fullest extent permitted by law and the Amended and Restated Certificate of Incorporation of Acquiror, dated November 24,
2020 (as it may be amended from time to time, the “Certificate of Incorporation”), any and all rights such Founder
has or will have with respect to the adjustment to the initial conversion ratio provided by Section 4.3(b)(ii) of the Certificate
of Incorporation. The waiver specified in this Section 1 shall be applicable only in connection with the transactions
contemplated by the BCA and this Agreement and shall be void and of no force and effect if the BCA shall be terminated for any
reason. Without limitation of the foregoing, upon the Closing, each Founder hereby acknowledges and agrees that, pursuant to Section
4.3(b) of the Certificate of Incorporation, each share of Class B Common Stock held by such Founder (for the avoidance of doubt,
not including the shares of Class B Common Stock surrendered pursuant to Section 2) shall automatically convert into one
share of Acquiror Class A Common Stock.

 

    1

     

    

 

2. Contingent
Sponsor Founder Share Cancellation. Subject to, and effective immediately prior to, the Closing, Sponsor shall surrender, for
no consideration and as a capital contribution to Acquiror (including for purposes of Section 118 of the Internal Revenue Code),
a number of shares of Class B Common Stock equal to (a) 25% multiplied by (b) a fraction, (i) the numerator of which is
the aggregate number of shares of Acquiror Class A Common Stock that are actually redeemed by Acquiror following the exercise of
Redemption Rights and (ii) the denominator of which is the number of shares that constitute “Offering Shares” as defined
in Section 9.1(b) of the Acquiror Certificate of Incorporation as of the date of the Acquiror Stockholders’ Meeting, multiplied
by (c) the number shares of Class B Common Stock set forth opposite Sponsor’s name on Exhibit A; provided
that no such surrender shall occur unless more than an aggregate of 5% of the outstanding shares of Acquiror Class A Common Stock
are actually redeemed by Acquiror following the exercise of Redemption Rights; provided, further, that, for the avoidance
of doubt, in no event shall Sponsor be required to surrender greater than 25% of the shares of Class B Common Stock set forth opposite
Sponsor’s name on Exhibit A.

 

3. Prior
Letter Agreement. The Founders and Acquiror have previously entered into that certain letter agreement dated November 24, 2020
in connection with the initial public offering of Acquiror (as amended, the “Prior Letter Agreement”). Each
Founder hereby agrees (severally, and not jointly or jointly and severally) that he, she or it, as applicable, shall comply with,
and fully perform all of such Founder’s obligations, covenants and agreements set forth in paragraph 1 of the Prior Letter
Agreement. Each Founder and Acquiror hereby further agrees (severally, and not jointly or jointly and severally), notwithstanding
the Amendment to Lock-Up dated as of the date hereof, that before the Closing Date, he, she or it, as applicable, will not amend,
modify, terminate, waive, or otherwise alter, in whole or in part, the Prior Letter Agreement without the prior written consent
of the Company (such consent to not to be unreasonably withheld, conditioned or delayed).

 

4. No
Solicitation of Transactions. Each of the Founders (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 would
reasonably be expected to result in an Acquiror 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 Acquiror Acquisition
Proposal (or inquiries, proposals or offers or other efforts that would reasonably be expected to lead to any Acquiror Acquisition
Proposal). Each Founder 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 may be ongoing that would reasonably be expected to result in an Acquiror
Acquisition Proposal (other than the transactions contemplated by the BCA) to the extent required by the BCA. Notwithstanding the
foregoing, nothing in this Section 4 is intended to limit any Founder who is a member of the board of directors of Acquiror from
participating in discussions regarding any such matters in the course exercising his or her fiduciary duties in his or her capacity
as a member of the board of directors of Acquiror in a matter consistent with the obligations of Acquiror set forth in the BCA.

 

    2

     

    

 

5. Representations
and Warranties of Founders. Each Founder, severally, and not jointly or jointly and severally, represents and warrants to the
Company as follows:

 

(a) The
execution, delivery and performance by such Founder of this Agreement and the consummation by such Founder of the transactions
contemplated hereby do not and will not (i) conflict with or violate any Law applicable to such Founder, (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 Shares (other than pursuant to this Agreement or transfer restrictions under applicable securities
laws or the Organizational Documents of such Founder) or (iv) conflict with, violate or result in a breach of or constitute a default
under any provision of such Founder’s Organizational Documents (if such Founder is an entity) or any agreement to which such
Founder is a party.

 

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

 

(c) Such
Founder 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 Founder.

 

6. 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 the Company and the Sponsor.

 

7. Miscellaneous.

 

(a) 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 Acquiror being sent
to the address set forth therein, in each case with all copies as required thereunder and (ii) notices to each Founder being sent
to the address set forth opposite such Founder’s name on Exhibit A under the heading “Address.”

 

(b) This
Agreement, together with the BCA to the extent referenced herein, the Prior Letter Agreement, and the other agreements entered
into by the Founders in connection with the initial public offering of Acquiror 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.

 

(c) 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.

 

    3

     

    

 

(d) The
Company is an express third party beneficiary of this Agreement entitled to the rights and benefits hereunder and to enforce the
provisions hereof as if the Company was a party hereto.

 

(e) 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.

 

(f) 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 Sections 9.04 (Amendment),
9.05 (Waiver), 10.04 (Severability), 10.08 (Governing Law), 10.09 (Waiver of Jury Trial), 10.13 (Counterparts), and 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 Letter Agreement, mutatis mutandis.

 

[Signature pages follow]

 

    4

     

    

 

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

 

	 	SPARTAN ACQUISITION SPONSOR II LLC
	 	 	 
	 	By:	/s/ Geoffrey Strong
	 	Name: 	Geoffrey Strong
	 	Title:	Chief Executive Officer

 

Signature Page to Founders Stock Agreement

 

     

     

    

 

	 	/s/ Jan C. Wilson
	 	Jan C. Wilson
	 	 
	 	/s/ John M. Stice
	 	John M. Stice

 

Signature Page to Founders Stock Agreement

 

     

     

    

 

	Acknowledged and agreed to by:	 
	 	 
	SPARTAN ACQUISITION CORP. II	 
	 	 	 
	By:	/s/ Geoffrey Strong	 
	Name: 	Geoffrey Strong	 
	Title:	Chief Executive Officer	 

 

Signature Page to Founders Stock Agreement

 

     

     

    

 

EXHIBIT A 

THE FOUNDERS

 

	Founder	 	Shares of Acquiror Class B Common Stock	 	 	Address
	Spartan Acquisition Sponsor II LLC	 	 	8,525,000	 	 	9
West 57th Street, 43rd Floor New York, NY 10019

	Jan C. Wilson	 	 	50,000	 	 	9 West 57th
Street, 43rd Floor New York, NY 10019

	John M. Stice	 	 	50,000	 	 	9 West 57th
Street, 43rd Floor New York, NY 10019

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