Document:

Exhibit 10.8

 

[●], 2021

 

SDCL EDGE Acquisition Corporation

1120 Avenue of the Americas, 4th Floor

New York, New York 10036

 

	Re:	Initial Public Offering

 

Ladies and Gentlemen:

 

This letter (this “Letter
Agreement”) is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”)
entered into or proposed to be entered among SDCL EDGE Acquisition Corporation, a Cayman Islands exempted company (the “Company”),
and Goldman Sachs & Co. LLC and BofA Securities, Inc., as the representatives (the “Representatives”) of the several
underwriters named therein (the “Underwriters”), relating to an underwritten initial public offering (the “Public
Offering”), of 20,125,000 of the Company’s units (including up to 2,265,000 units that may be purchased pursuant to the
Underwriters’ option to purchase additional units, the “Units”), each comprising of one of the Company’s
Class A ordinary shares, par value $0.0001 per share (the “Ordinary Shares”), and one-half of one redeemable warrant
(each whole warrant, a “Warrant”). Each Warrant entitles the holder thereof to purchase one Ordinary Share at a price
of $11.50 per share, subject to adjustment. The Units will be sold in the Public Offering pursuant to a registration statement on Form
S-1 and a prospectus (the “Prospectus”) filed by the Company with the U.S. Securities and Exchange Commission (the
“Commission”). Certain capitalized terms used herein are defined in paragraph 1 hereof.

 

In order to induce the Company
and the Underwriters to enter into the Underwriting Agreement and to proceed with the Public Offering and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, SDCL EDGE Sponsor LLC, a Cayman Islands limited liability
company (the “Sponsor”), Sustainable Investors Fund, LP, a Delaware limited liability company (“Capricorn”),
Seaside Holdings (Nominee) Limited, a Guernsey limited company (“Seaside” and, together with Capricorn, the “Anchor
Investors”), and the other undersigned persons (each, an “Insider” and collectively, the “Insiders”),
hereby agree with the Company as follows:

 

1. Definitions. As
used herein, (i) “Business Combination” shall mean a merger, share exchange, asset acquisition, share purchase, reorganization
or similar business combination with one or more businesses or entities; (ii) “Founder Shares” shall mean the 5,031,250
Class B ordinary shares of the Company, par value $0.0001 per share, outstanding prior to the consummation of the Public Offering; (iii)
“Private Placement Warrants” shall mean the warrants to purchase Ordinary Shares of the Company that will be acquired,
in a private placement that shall close simultaneously with the consummation of the Public Offering (including Ordinary Shares issuable
upon conversion thereof), by: (a) the Sponsor for an aggregate purchase price of $6,600,000 (or up to $7,230,000 if the Underwriters exercise
their option to purchase additional units), or $1.00 per Warrant, (b) Capricorn for an aggregate purchase price of $825,000 (or up to
$903,750 if the Underwriters exercise their option to purchase additional units), or $1.00 per Warrant, and (c) Seaside for an aggregate
purchase price of $825,000 (or up to $903,750 if the Underwriters exercise their option to purchase additional units), or $1.00 per Warrant;
(iv) “Public Shareholders” shall mean the holders of Ordinary Shares included in the Units issued in the Public Offering;
(v) “Public Shares” shall mean the Ordinary Shares included in the Units issued in the Public Offering; (vi) “Trust
Account” shall mean the trust account into which a portion of the net proceeds of the Public Offering and the sale of the Private
Placement Warrants shall be deposited; (vii) “Transfer” shall mean the (a) sale of, offer to sell, contract or agreement
to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly,
or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within
the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated
thereunder with respect to, any security, (b) entry into any swap or other arrangement that transfers to another, in whole or in part,
any of the economic consequences of ownership of any security, whether any such transaction is to be settled by delivery of such securities,
in cash or otherwise, or (c) public announcement of any intention to effect any transaction specified in clause (a) or (b); and (viii)
“Charter” shall mean the Company’s Amended and Restated Memorandum and Articles of Association, as the same may
be amended from time to time.

 

     

     

    

 

2. Representations and
Warranties.

 

(a) The
Sponsor, the Anchor Investors and each Insider, with respect to itself, herself or himself, represent and warrant to the Company that
it, she or he has the full right and power, without violating any agreement to which it, she or he is bound (including, without limitation,
any non-competition or non-solicitation agreement with any employer or former employer), to enter into this Letter Agreement, as applicable,
and to serve as an officer of the Company and/or a director on the Company’s Board of Director (the “Board”),
as applicable, and each Insider hereby consents to being named in the Prospectus, road show and any other materials as an officer and/or
director of the Company, as applicable.

 

(b) Each
Insider represents and warrants, with respect to herself or himself, that such Insider’s biographical information furnished to the
Company (including any such information included in the Prospectus) is true and accurate in all material respects and does not omit any
material information with respect to such Insider’s background. The Insider’s questionnaire furnished to the Company is true
and accurate in all material respects. Each Insider represents and warrants that such Insider is not subject to or a respondent in any
legal action for, any injunction, cease-and-desist order or order or stipulation to desist or refrain from any act or practice relating
to the offering of securities in any jurisdiction; such Insider has never been convicted of, or pleaded guilty to, any crime (i) involving
fraud, (ii) relating to any financial transaction or handling of funds of another person, or (iii) pertaining to any dealings in any securities
and such Insider is not currently a defendant in any such criminal proceeding; and such Insider has never been suspended or expelled from
membership in any securities or commodities exchange or association or had a securities or commodities license or registration denied,
suspended or revoked.

 

3. Business Combination
Vote. The Sponsor, the Anchor Investors, and each Insider, with respect to itself or herself or himself, agrees that if the Company
seeks shareholder approval of a proposed initial Business Combination, then in connection with such proposed initial Business Combination,
it, she or he, as applicable, shall vote all Founder Shares and any Public Shares held by it, her or him, as applicable, in favor of
such proposed initial Business Combination (including any proposals recommended by the Board in connection with such Business Combination)
and not redeem any Public Shares held by it, her or him, as applicable, in connection with such shareholder approval.

 

4. Failure to Consummate
a Business Combination; Trust Account Waiver.

 

(a) The Sponsor, the Anchor Investors,
and each Insider hereby agree, with respect to itself, herself or himself, that in the event that the Company fails to consummate its
initial Business Combination within the time period set forth in the Charter, the Sponsor, the A Anchor Investors, and each Insider shall
take all reasonable steps to cause the Company to (i) cease all operations except for the purpose of winding up; (ii) as promptly as reasonably
possible but not more than 10 business days thereafter, redeem 100% of the Public Shares, at a per-share price, payable in cash, equal
to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account and not
previously released to the Company to pay income taxes (less up to $100,000 of interest to pay dissolution expenses), divided by
the number of then outstanding Public Shares, which redemption will completely extinguish Public Shareholders’ rights as shareholders
(including the right to receive further liquidation distributions, if any); and (iii) as promptly as reasonably possible following such
redemption, subject to the approval of the Company’s remaining shareholders and the Board, liquidate and dissolve, subject in the
case of clauses (ii) and (iii) to the Company’s obligations under Cayman Islands law to provide for claims of creditors and in all
cases subject to the other requirements of applicable law. The Sponsor, the Anchor Investors, and each Insider agree not to propose any
amendment to the Charter (i) that would modify the substance or timing of the Company’s obligation to provide holders of the Public
Shares the right to have their shares redeemed in connection with an initial Business Combination or to redeem 100% of the Public Shares
if the Company does not complete an initial Business Combination within the required time period set forth in the Charter or (ii) with
respect to any provision relating to the rights of holders of Public Shares unless the Company provides its Public Shareholders with the
opportunity to redeem their Public Shares upon approval of any such amendment at a per-share price, payable in cash, equal to the aggregate
amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account and not previously released
to the Company to pay taxes, if any, divided by the number of then-outstanding Public Shares.

 

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(b) The
Sponsor, the Anchor Investors, and each Insider, with respect to itself, herself or himself, acknowledges that it, she or he has no right,
title, interest or claim of any kind in or to any monies held in the Trust Account or any other asset of the Company as a result of any
liquidation of the Company with respect to the Founder Shares held by it, her or him, if any. The Sponsor, the Anchor Investors, and each
of the Insiders hereby further waive, with respect to any Founder Shares and Public Shares held by it, her or him, as applicable, any
redemption rights it, she or he may have in connection with the consummation of a Business Combination, including, without limitation,
any such rights available in the context of a shareholder vote to approve such Business Combination or a shareholder vote to approve an
amendment to the Charter (i) that would modify the substance or timing of the Company’s obligation to provide holders of the Public
Shares the right to have their shares redeemed in connection with an initial Business Combination or to redeem 100% of the Public Shares
if the Company has not consummated an initial Business Combination within the time period set forth in the Charter or (ii) with respect
to any provision relating to the rights of holders of Public Shares (although the Sponsor, the Anchor Investors, and the Insiders shall
be entitled to liquidation rights with respect to any Public Shares they hold if the Company fails to consummate a Business Combination
within the required time period set forth in the Charter).

 

5.  Lock-up;
Transfer Restrictions.

 

(a) The
Sponsor, the Anchor Investors, and the Insiders agree that they shall not Transfer any Founder Shares (the “Founder
Shares Lock-up”) until the earliest of (A) one year after the completion of an initial Business Combination, and (B)
the date following the completion of an initial Business Combination on which the Company completes a liquidation, merger, share exchange
or other similar transaction that results in all of the Company’s shareholders having the right to exchange their Ordinary Shares
for cash, securities or other property (the “Founder Shares Lock-up Period”).
Notwithstanding the foregoing, if, subsequent to a Business Combination, the closing price of the Ordinary Shares equals or exceeds $12.00
per share (as adjusted for share sub-divisions, share capitalizations, share consolidations, reorganizations, recapitalizations and the
like) for any 20 trading days within a 30-trading day period commencing at least 150 days after the Company’s initial Business Combination,
the Founder Shares shall be released from the Founder Shares Lock-up.

 

(b) The
Sponsor, the Anchor Investors, and Insiders agree that they shall not effectuate any Transfer of Private Placement Warrants or Ordinary
Shares underlying such warrants until 30 days after the completion of an initial Business Combination (the “Private
Placement Warrants Lock-up Period”, together with the Founder Shares Lock-up Period, the “Lock-up
Periods”).

 

(c) Notwithstanding the provisions
set forth in paragraphs 5(a) and (b), Transfers of the Founder Shares, Private Placement Warrants and Ordinary Shares underlying
the Private Placement Warrants are permitted (a) to the Company’s officers or directors, any affiliate or family member of any of
the Company’s officers or directors, any members or partners of the Sponsor or their affiliates, any affiliates of the Sponsor,
or any employees of such affiliates, any members or partners of the Anchor Investors or their affiliates, any affiliates of the Anchor
Investors, or any employees of such affiliates and in the case where the beneficial owner of an Anchor Investor is an individual, paragraphs
5(b), 5(c) and 5(d) shall apply to the beneficial owner and Transfers of the beneficial and legal ownership shall be permitted; (b) in
the case of an individual, by gift to a member of one of the individual’s immediate family or to a trust, the beneficiary of which
is a member of the individual’s immediate family, an affiliate of such person or to a charitable organization; (c) in the case of
an individual, by virtue of laws of descent and distribution upon death of the individual; (d) in the case of an individual, pursuant
to a qualified domestic relations order; (e) by private sales or transfers made in connection with the consummation of a Business Combination
at prices no greater than the price at which the Founder Shares, Private Placement Warrants or Ordinary Shares, as applicable, were originally
purchased; (f) by virtue of the Sponsor’s organizational documents upon liquidation or dissolution of the Sponsor; (g) to the Company
for no value for cancellation in connection with the consummation of an initial Business Combination; (h) in the event of the Company’s
liquidation prior to the completion of a Business Combination; (i) in the event of completion of a liquidation, merger, share exchange
or other similar transaction which results in all of the Company’s Public Shareholders having the right to exchange their Ordinary
Shares for cash, securities or other property subsequent to the completion of an initial Business Combination; or (j) on arms’ length
terms under commercial arrangements for the sale of Founder Shares, Private Placement Warrants and Ordinary Shares underlying the Private
Placement Warrants in order exclusively to enable the transferor of such Founder Shares, Private Placement Warrants and Ordinary Shares
underlying the Private Placement Warrants (or any person or persons whose tax liability, in whole or in part, is determined by reference
to the income, gains or assets of the Sponsor, as applicable, together with the transferor such person being the “Dry Charge
Taxpayer”) to discharge all applicable tax liabilities under jurisdictions relevant to the Dry Charge Taxpayer, as applicable,
arising in connection with the holding of such Founder Shares, Private Placement Warrants and Ordinary Shares underlying the Private Placement
Warrants, other than as a result of a cash distribution in relation to those Founder Shares, Private Placement Warrants and Ordinary Shares
underlying the Private Placement Warrants, and further provided that the amount of Founder Shares, Private Placement Warrants and Ordinary
Shares underlying the Private Placement Warrants permitted to be transferred in such case be approved by the Company in its discretion,
based on written professional advice from a reputable legal services provider in relation to the taxation of the Dry Charge Taxpayer and
otherwise based on such reasonable assumptions as the Company determines in good faith to be appropriate; provided, however, that
in the case of clauses (a) through (f) these permitted transferees must enter into a written agreement agreeing to be bound by these transfer
restrictions. (d) During the period commencing on the effective date of the Underwriting Agreement and ending 180 days after such date,
the Sponsor, the Anchor Investors, and each Insider shall not, without the prior written consent of the Representatives, Transfer any
Units, Ordinary Shares, Warrants or any other securities convertible into, or exercisable or exchangeable for, Ordinary Shares held by
it, her or him, as applicable, subject to certain exceptions enumerated in Section 5(e) of the Underwriting Agreement.

 

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5. Remedies. The Sponsor,
the Anchor Investors, and each of the Insiders hereby agree and acknowledge that (i) each of the Underwriters and the Company would be
irreparably injured in the event of a breach by the Sponsor, the Anchor Investors, or such Insider of its, her or his obligations, as
applicable under paragraphs 3, 4, 5, 7, 10 and 11, (ii) monetary damages may not be an adequate remedy for such breach and (iii) the
non-breaching party shall be entitled to injunctive relief, in addition to any other remedy that such party may have in law or in equity,
in the event of such breach.

 

6. Payments by the Company.
Except as disclosed in the Prospectus, neither the Sponsor nor any affiliate of the Sponsor nor any director or officer of the Company
nor any affiliate of the officers shall receive from the Company any finder’s fee, reimbursement, consulting fee, monies in respect
of any payment of a loan or other compensation prior to, or in connection with any services rendered in order to effectuate the consummation
of the Company’s initial Business Combination (regardless of the type of transaction that it is).

 

7. Director and Officer
Liability Insurance. The Company will maintain an insurance policy or policies providing directors’ and officers’ liability
insurance, and the Insiders shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent
of the coverage available for any of the Company’s directors or officers.

 

8. Termination. This
Letter Agreement shall terminate on the earlier of (i) the expiration of the Lock-up Periods and (ii) the liquidation of the Company.

 

9. Indemnification. In the event
of the liquidation of the Trust Account upon the failure of the Company to consummate its initial Business Combination within the time
period set forth in the Charter, the Sponsor (the “Indemnitor”) agrees to indemnify and hold harmless the Company against
any and all loss, liability, claim, damage and expense whatsoever (including, but not limited to, any and all legal or other expenses
reasonably incurred in investigating, preparing or defending against any litigation, whether pending or threatened) to which the Company
may become subject as a result of any claim by (i) any third party for services rendered or products sold to the Company (except for the
Company’s independent auditors) or (ii) any prospective target business with which the Company has discussed entering into a transaction
agreement (a “Target”); provided, however, that such indemnification of the Company by the Indemnitor (x) shall
apply only to the extent necessary to ensure that such claims by a third party for services rendered or products sold to the Company or
a Target do not reduce the amount of funds in the Trust Account to below the lesser of (i) $10.10 per Public Share and (ii) the actual
amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account if less than $10.10 per Public
Share due to reductions in the value of the trust assets, in each case net of interest that may be withdrawn to pay the Company’s
tax obligations, (y) shall not apply to any claims by a third party or Target who executed a waiver of any and all rights to the monies
held in the Trust Account (whether or not such waiver is enforceable) and (z) shall not apply to any claims under the Company’s
indemnity of the Underwriters against certain liabilities, including liabilities under the Securities Act of 1933, as amended. The Indemnitor
shall have the right to defend against any such claim with counsel of its choice reasonably satisfactory to the Company if, within 15
days following written receipt of notice of the claim to the Indemnitor, the Indemnitor notifies the Company in writing that it shall
undertake such defense.

 

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10. Forfeiture of Founder
Shares. To the extent that the Underwriters do not exercise their option to purchase additional Units within 45 days from the date
of the Prospectus in full (as further described in the Prospectus), the Sponsor agrees to automatically surrender to the Company for
no consideration, for cancellation at no cost, an aggregate number of Founder Shares so that the number of Founder Shares will equal
of 20% of the sum of the total number of Ordinary Shares and Founder Shares outstanding at such time. The Sponsor, the Anchor Investors,
and Insiders further agree that to the extent that the size of the Public Offering is increased or decreased, the Company will effect
a share capitalization or a share repurchase, as applicable, with respect to the Founder Shares immediately prior to the consummation
of the Public Offering in such amount as to maintain the number of Founder Shares at 20% of the sum of the total number of Ordinary Shares
and Founder Shares outstanding at such time.

 

11. Entire Agreement.
This Letter Agreement constitutes the entire agreement and understanding of the parties hereto in respect of the subject matter hereof
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 Letter Agreement may not be changed,
amended, modified or waived (other than to correct a typographical error) as to any particular provision, except by a written instrument
executed by all parties hereto.

 

12. Assignment. No
party hereto may assign either this Letter Agreement or any of its rights, interests, or obligations hereunder without the prior written
consent of the other parties. 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 Letter Agreement shall be binding on the Sponsor, each of
the Insiders and each of their respective successors, heirs, personal representatives and assigns and permitted transferees. 14. Counterparts.
This Letter Agreement may be executed in any number of original or facsimile counterparts, and each of such counterparts shall for all
purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument.

 

13. Effect of Headings.
The paragraph headings herein are for convenience only and are not part of this Letter Agreement and shall not affect the interpretation
thereof.

 

14. Severability.
This Letter Agreement shall be deemed severable, and the invalidity or unenforceability of any term or provision hereof shall not affect
the validity or enforceability of this Letter Agreement or of any other term or provision hereof. Furthermore, in lieu of any such invalid
or unenforceable term or provision, the parties hereto intend that there shall be added as a part of this Letter Agreement a provision
as similar in terms to such invalid or unenforceable provision as may be possible and be valid and enforceable.

 

15. Governing Law.
This Letter Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York, without giving
effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction. The parties
hereto (i) all agree that any action, proceeding, claim or dispute arising out of, or relating in any way to, this Letter Agreement shall
be brought and enforced in the courts of New York City, in the State of New York, and irrevocably submit to such jurisdiction and venue,
which jurisdiction and venue shall be exclusive, and (ii) waive any objection to such exclusive jurisdiction and venue or that such courts
represent an inconvenient forum.

 

16. Notices. Any notice,
consent or request to be given in connection with any of the terms or provisions of this Letter Agreement shall be in writing and shall
be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery or facsimile
transmission.

 

[Signature Page Follows]

 

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	 	Sincerely,
	 	 
	 	SDCL EDGE ACQUISITION CORPORATION
	 	 
	 	By:	 
	 	 	Name:	         
	 	 	Title:	 

 

 

[Signature Page to Letter Agreement]

 

     

     

    

 

	 	 
	 	Name:	SDCL EDGE Sponsor LLC
	 	By:	 

 

 

[Signature Page to Letter Agreement]

 

     

     

    

 

	 	 
	 	Name:	SDCL EDGE Sponsor Participation LLP
	 	By:	 

 

 

[Signature Page to Letter Agreement]

 

     

     

    

 

	 	 
	 	Name:	Sustainable Investors Fund, LP
	 	By:	 

 

 

[Signature Page to Letter Agreement]

 

     

     

    

 

	 	 
	 	Name:	Seaside Holdings (Nominee) Limited

	 	By:	 

 

[Signature Page to Letter Agreement]

 

     

     

    

 

	 	 
	 	Name:	Jonathan Maxwell

 

 

[Signature Page to Letter Agreement]

 

     

     

    

 

	 	 
	 	Name: 	Michael Feldman

 

 

[Signature Page to Letter Agreement]

 

     

     

    

 

	 	 
	 	Name: 	Michael Naylor

 

 

[Signature Page to Letter Agreement]

 

     

     

    

 

	 	 
	 	Name: 	Steven J. Gilbert

 

 

[Signature Page to Letter Agreement]

 

     

     

    

 

	 	 
	 	Name: 	William Kriegel

 

 

[Signature Page to Letter Agreement]Exhibit 10.9

 

	 
	DATED          [●] 2021
	
         

         

         

         

         

         

 

        INVESTMENT ADVISORY AGREEMENT 

        RELATING
        TO

        SDCL EDGE SPONSOR LLC

        AND

        SDCL EDGE ACQUISITION CORPORATION

         

         

 

 

 

 

 

 

 

     

     

    

 

TABLE
OF CONTENTS

 

	1.	DEFINITIONS AND INTERPRETATION	3
	2.	APPOINTMENT AND EFFECTIVE DATE	7
	3.	SERVICES	7
	4.	GENERAL NON-EXCLUSIVITY	8
	5.	AUTHORITY AND RESTRICTIONS	8
	6.	REGULATED ACTIVITIES	8
	7.	FEES AND EXPENSES	9
	8.	VAT	9
	9.	TERMINATION	9
	10.	INDEMNITY AND LIMITATION OF LIABILITY	10
	11.	CONFIDENTIALITY	10
	12.	NOTICES	11
	13.	REPRESENTATIONS AND WARRANTIES	12
	14.	GENERAL	12
	15.	GOVERNING LAW AND JURISDICTION	13

 

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DATE                                         2021

 

PARTIES

 

		1.	SUSTAINABLE DEVELOPMENT CAPITAL LLP, a limited liability partnership incorporated in England
and Wales under number OC330266 and registered at 1 Vine Street, London, England, W1J 0AH (the “Advisor”);

 

		2.	SDCL EDGE SPONSOR LLC, a Cayman Islands limited liability company formed pursuant to the
terms of a limited liability company agreement on February 15, 2021 (the “Sponsor”); and

 

		3.	SDCL EDGE ACQUISITION CORPORATION, a Cayman Islands exempted company (the “SPAC”).

 

RECITALS

 

		A.	The Sponsor has been established for the purpose of sponsoring the launch of the SPAC. The SPAC
has been incorporated for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganisation
or similar business combination with one or more businesses (each a “Business Combination”).

 

		B.	In connection with the aforementioned arrangements, the SPAC and the Sponsor wish to appoint the
Advisor to provide the Services, in order to assist each of the SPAC and the Sponsor in carrying on their respective businesses.

 

		1.	DEFINITIONS AND INTERPRETATION

 

		1.1	The Recitals form part of this Agreement and have the same force and effect as if set out in the
main body of this Agreement.

 

		1.2	In this Agreement, unless context requires otherwise, the following words and expressions shall
have the following meanings:

 

	
        Advisor
	has the meaning given to such term in the Parties section of this Agreement;
	Affiliates	with reference to any person, any other person under direct or indirect common control with such person. For purposes of this definition “control” means the power, through ownership of securities, contract or otherwise, to direct the policies of the business and operations of the applicable person;
	Agreement	this services agreement, including the Recitals;
	Business Combination	has the meaning given in the Recitals; 

 

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	Applicable Laws	in relation to any specified person, any applicable statute, rule, regulation (whether governmental or not), case law, judicial or administrative order, decree or directive, or any license, permit or other similar approval or sanction of any Governmental Authority, or any order or treaty having force of law in any jurisdiction, in each case whether in effect before or after the date of this Agreement and which is applicable to such person;
	Confidential Information	means this Agreement, all information, data, agreements, letters, documents, reports and records, which are oral or in writing, containing confidential information concerning the Sponsor, the SPAC, and any of the foregoing’s affiliates or assets which is delivered or made available by the Sponsor, the SPAC or their respective representatives or affiliates to a Partner or any of its Related Parties after the date hereof; provided that Confidential Information does not include: (x) information which is obtained by such Partner or its Related Parties after the date hereof from a source other than the Sponsor, the SPAC or their respective representatives or affiliates that is not bound by an obligation to keep such information confidential, (y) information which is or becomes generally available to the public other than as a result of a disclosure in violation of this Agreement, or (z) information developed independently by a party without reference to or use of the Confidential Information;
	Damages	any and all losses, damages, disbursements, claims, liabilities, obligations, judgments, fines, penalties, charges, amounts paid in settlement, costs and expenses (including legal fees and expenses) arising out of or related to litigation (pending or threatened) or any investigation or proceeding by any Governmental Authority and interest on any of the foregoing;
	Effective Date	means 16 February 2021;
	FCA	the United Kingdom Financial Conduct Authority (or any successor regulatory authority performing an equivalent role);
	FCA Rules	the handbook of rules and guidance issued by the FCA as amended from time to time;

 

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	Founder Shares	means shares of Class B common stock of the SPAC, which are convertible into shares of Class A common stock of the SPAC on a one-for-one basis, subject to adjustment, and such converted shares of Class A common stock of the SPAC (excluding any Class A common stock of the SPAC received upon exercise of private placement warrants of the SPAC);
	Governmental Authority	any nation or government, or political subdivision thereof and any other person exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government;
	Indemnified Losses	has the meaning given in clause 10.1;
	Legislation	has the meaning given to such term in clause 1.4.2; 
	Party and Parties	have the meaning given to such terms in the Parties section at the head of this Agreement, and shall include their respective successors and permitted assignees;
	Recipients	means, taken together, the SPAC and the Sponsor;
	Regulated Activity	any activity which is regulated in the United Kingdom pursuant to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001, as amended and supplemented from time to time or regulated under the FCA Rules;
	Related Party	any of a person’s affiliates, respective members, partners, directors, managers, officers, employees, agents or advisors;
	SDCL Group 	means the Investor Advisor and its parent and subsidiary entities from time to time, or any other Person in which either of the Recipients holds an interest from time to time;
	SDCL Group Person	means any person (natural or legal) who is employed by, acting as an agent, director or manager of, or otherwise acting on behalf of any entities in the SDCL Group;
	Services	has the meaning given to such term in clause 3.1;
	SPAC	has the meaning given to such term in the Parties section of this Agreement;
	Sponsor	has the meaning given to such term in the Parties section of this Agreement;
	Sponsor LLC Agreement	the amended and restated limited liability company agreement of the Sponsor, as may be further amended and restated from time to time; 

 

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	Tax or Taxation	means all forms of taxation, dues, duties, imposts, levies and rates of the United Kingdom, or any other jurisdiction whenever and wheresoever charged or imposed, together with all charges, interest, penalties and fines arising as a result of any and all such taxes, dues, duties, imposts, levies and rates, including personal income tax, employee tax, social security contributions, profits tax, corporation tax, capital gains tax, value added tax, customs and other import duties, stamp duty, documentary tax, withholding tax, capital transfer tax, inheritance taxes, estate duty and unified social tax; and
	VAT	means: (i) any Tax imposed in compliance with Directive 2006/112/EC on the common system of value added tax and charged under the provisions of any national legislation implementing that directive or Directive 77/388/EEC together with legislation supplemental thereto; (ii) to the extent not included in paragraph (i) above, any Tax imposed by the Value Added Tax Act 1994 and legislation and regulations supplemental thereto; and (iii) any similar Taxes, including, for the avoidance of doubt, any turnover, sales, use and goods and services Tax.

 

		1.3	In this Agreement (unless the context requires otherwise):

 

		1.3.1	words in the singular include the plural and words in the plural include the singular;

 

		1.3.2	any reference to the “discretion” of any person whether in relation to decisions, determinations,
actions or otherwise, shall mean such person’s sole, absolute and unfettered discretion;

 

		1.3.3	any reference to any matter being “determined” by a person or persons shall mean determined
in such person’s or persons’ discretion;

 

		1.3.4	any reference to “persons” or a “person” includes natural persons, partnerships,
companies, bodies corporate, associations, organisations, governments, states, foundations and trusts (in each case whether or
not having separate legal personality);

 

		1.3.5	any reference to the “Recitals”, a “clause” or “Schedule” is
to the recitals, a clause or schedule of or to this Agreement (as the case may be);

 

		1.3.6	any reference to this Agreement or to any other document is a reference to this Agreement or that
other document as amended, varied, supplemented or novated (in each case, other than in breach of the provisions of this Agreement
or that other document) at any time;

 

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		1.3.7	any phrase introduced by the terms “including”, “include”, “in particular”
or any similar expression shall be construed as illustrative and shall not limit the sense of the words preceding those terms;
and

 

		1.3.8	any reference to something being “in writing” or “written” shall include
a reference to that thing being produced by any legible and non-transitory substitute for writing (including in electronic form)
or partly in one manner and partly in another.

 

		1.4	In this Agreement, unless otherwise specified:

 

		1.4.1	any reference to any statute or statutory provision includes any subordinate legislation made under
that statute or statutory provision, whether before or after the date of this Agreement;

 

		1.4.2	any reference to any legislation (whether of England and Wales or elsewhere) including to any statute,
statutory provision or subordinate legislation (“Legislation”) includes a reference to that Legislation as from
time to time amended or re-enacted, whether before or after the date of this Agreement; and

 

		1.4.3	any reference to re-enactment includes consolidation and rewriting, in each case whether with or
without modification.

 

		1.5	Clause and Schedule headings contained in this Agreement are included for convenience only and
do not affect the interpretation of this Agreement.

 

		2.	APPOINTMENT AND EFFECTIVE DATE

 

		2.1	The Recipients hereby confirm the appointment of the Advisor to provide the Services with effect
from the Effective Date, and subject to the terms and conditions in this Agreement.

 

		2.2	The Advisor hereby confirms its acceptance of its appointment, its obligations and responsibilities
under this Agreement, and agrees to perform the Services for the Recipients.

 

		3.	SERVICES

 

		3.1	Subject to the terms of this Agreement, including, without limitation, clause 6, the Advisor
                                                           undertakes to the Recipients that it shall perform and render administrative, consulting and other services to the Recipients as may
                                                           be reasonably required by the Recipients to properly conduct its business, including, without limitation, the following:

 

		(a)	advising in relation to the overall strategy of the SPAC;

 

		(b)	searching out, identifying and evaluating potential Business Combinations for the SPAC in accordance
with the SPAC’s overall strategy;

 

		(c)	furnishing the Recipients with such further information, and carrying out such further due diligence,
in relation to a proposed Business Combination, as the Recipients shall reasonably request;

 

		(d)	advising the Recipients on the merits, structure and financing of any Business Combination and
(if required by either the SPAC or the Sponsor) to assist in negotiating and arranging the Business Combination;

 

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		(e)	assisting the Recipients in engaging such support services as the Recipients shall request or require,
or the Advisor shall recommend, from time to time, in connection with any Business Combination;

 

		(f)	advising the Sponsor and the SPAC on the voting and/or exercising of rights that it may hold or
be capable of exercising in relation to any Business Combination; and

 

		(g)	providing management, finance and administrative support in respect of the Sponsor and the SPAC
from time to time,

 

(taken together,
the “Services”).

 

		3.2	The Advisor undertakes to each of the Recipients that it will provide the Services and that at
all times in providing the Services it will:

 

		(a)	act solely in accordance with the scope of authority conferred upon it under this Agreement;

 

		(b)	act in a manner consistent with the standards expected of a professional investment advisor retained
to provide services in the nature of the Services;

 

		(c)	ensure that it has sufficient resources and the appropriate infrastructure to properly provide
the Services;

 

		(d)	perform the Services in accordance with all Applicable Laws (including all applicable Anti-Bribery
Laws) and with the provisions of this Agreement; and

 

		(e)	comply with all reasonable requests and instructions of the Recipients in connection with the provision
of the Services to the extent that such instructions are not inconsistent with Applicable Laws.

 

		4.	GENERAL NON-EXCLUSIVITY

 

		4.1	The functions and duties which the Advisor undertakes to the Recipients under the terms of this
Agreement (including provision of the Services) shall not be exclusive and the Advisor and any of its Affiliates may perform similar
functions and duties for others and engage in any other activity and retain any benefit received for so doing, subject to any limitations
or restrictions agreed between the Recipients and Advisor in writing.

 

		5.	AUTHORITY AND RESTRICTIONS

 

		5.1	The Advisor has no authority to act for or represent the Recipients, and shall not be deemed an
agent of the foregoing in any respect whatsoever, save as otherwise agreed between the Recipients and the Advisor.

 

		5.2	The Advisor shall have no power or authorisation to take investment or any other decisions with
respect to the Recipients or any Business Combination.

 

		6.	REGULATED ACTIVITIES

 

		6.1	The Parties acknowledge that the Advisor shall not provide any Services to the extent that this
would constitute a Regulated Activity which falls outside the scope of the FCA permissions held by the Advisor at the relevant
time.

 

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		6.2	Nothing in this Agreement shall require the Advisor to do, or refrain from doing, anything which
would cause the Advisor to be required to obtain, breach, or amend any regulatory authorisation or licence from the FCA or any
other Governmental Authority.

 

		6.3	The Advisor has classified each of the SPAC and the Sponsor as professional clients for the purposes
of the FCA Rules and each of the Sponsor and the SPAC shall benefit from the regulatory protections afforded to that category of
client under the FCA Rules. Each of the SPAC and the Sponsor shall be responsible for notifying the Advisor of any change that
could affect its categorisation as a professional client. The SPAC and the Sponsor each have the right to request a different client
categorisation under the FCA Rules, but if either the SPAC or the Sponsor were to request categorisation as a retail client, the
Advisor would not be permitted to provide the Services to the relevant Recipient and may refuse such request.

 

		7.	FEES AND EXPENSES

 

		7.1	In consideration of the Services rendered by the Advisor under this Agreement:

 

	 	(a)	the Recipients shall procure the transfer of the
    legal and beneficial title to at least 664,125 Founder Shares or, at the sole election of the Sponsor, the payment of an amount
    equal to the cash value (as determined as of the date of such payment) of such number of Founder Shares, to the Advisor immediately
    prior to the winding up and liquidation of the Sponsor, or such other date as shall be agreed in writing between the Sponsor and the
    Advisor; and

 

		(b)	the Sponsor shall pay to the Advisor sum of $20,000 per month as an ongoing advisory fee, beginning
on the Effective Date and ending on the termination of this Agreement under clause 9.

 

		7.2	The Advisor shall be entitled to be reimbursed by the SPAC for such costs and expenses incurred in connection with the provision of the Services in such amounts and at such times as shall be agreed in writing between the Recipients and the Advisor from time to time.

 

		8.	VAT

 

		8.1	All sums or other consideration given or payable by one or more of the Parties pursuant to or in
connection with this Agreement are inclusive of VAT and, if VAT is properly chargeable, the recipient of the relevant supply on
which VAT is chargeable shall provide a valid VAT invoice to the provider of that supply.

 

		9.	TERMINATION

 

		9.1	This Agreement shall continue and remain in force for an indefinite term until the Sponsor is wound
up and its assets distributed in accordance with the terms of the Sponsor LLC Agreement. On the completion of the winding up and
liquidation of the Sponsor, this Agreement shall automatically terminate.

 

		9.2	Upon termination of this Agreement:

 

		9.2.1	the duty of the Advisor to provide the Services shall automatically terminate;

 

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		9.2.2	the Advisor shall be entitled to receive all monies due pursuant to, and in accordance with, the
terms of this Agreement; however, the Advisor shall not be entitled to any further compensation in respect of such termination;

 

		9.2.3	the Advisor shall return to the Recipients all papers, documents, records and other property belonging
or otherwise relating to the Recipients or the SDCL Group which it has in its possession or custody (or which are otherwise directly
or indirectly under the control of the Advisor) and the Recipients shall return to the Advisor any papers, documents, records and
other property belonging to the Advisor which it has in its possession or under its custody (provided that each Party shall be
entitled to retain copies of such papers, documents and other records as it is required to retain for legal or regulatory purposes);
and

 

		9.2.4	the Advisor shall generally co-operate with the Recipients and any replacement investment advisor
to ensure the orderly handover of the provision of the whole or any part of the Services to any such replacement investment advisor(s)
and/or the Recipients.

 

		9.3	The provisions of clauses 1 (Definitions and Interpretation), 9 (Termination) 10
(Indemnity and Limitation of Liability), 11 (Confidentiality), 12 (Notices), and 15 (Governing Law and
Jurisdiction) shall survive the termination of this Agreement.

 

		10.	INDEMNITY AND LIMITATION OF LIABILITY

 

		10.1	The Recipients shall respectively indemnify and hold harmless the Advisor from and against all
claims, actions, proceedings, demands, liabilities, losses, damages, costs and expenses arising directly or indirectly out of or
in connection with the performance of the Services, or which arise directly or indirectly out of any breach by the Recipients of
any obligations or duties of the Recipients directly or indirectly contemplated by the terms of this Agreement; provided
that such losses have not arisen from the fraud, or wilful misconduct of the Advisor or any of its Affiliates (together, “Indemnified
Losses”).

 

		10.2	All Indemnified Losses incurred by the Advisor shall be reimbursed by the Recipients promptly on
demand, including those incurred in connection with the investigation of, preparation for or defence of, any pending or threatened
litigation or claim within the terms of this indemnity or any matter incidental thereto. In the event that any alleged Indemnified
Losses are finally judicially determined to have resulted from the fraud, or wilful misconduct on the part of Advisor or any of
its Affiliates and therefore do not qualify as Indemnified Losses, any sums already paid by the Recipients under this indemnity
in relation to such purported Indemnified Losses but which fall within this proviso shall be promptly reimbursed in full.

 

		11.	CONFIDENTIALITY

 

		11.1	Subject to clause 11.2, each Party agrees and undertakes to keep strictly confidential and not
to disclose to any third party, any and all Confidential Information and any and all other information or materials regarding the
other Party, the Recipients, and each SDCL Group Person (whether or not such material has been designed as Confidential Information).

 

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		11.2	Each Party’s confidentiality obligations pursuant to clause 11.1 shall not apply to restrict
the disclosure of information by such Party:

 

		11.2.1	to such Party’s Affiliates or their respective members, directors, officers, partners, employees,
professional advisers and auditors in relation to the performance of this Agreement;

 

		11.2.2	where such information is, or becomes, generally available to the public (other than as a result
of a disclosure in breach of this undertaking);

 

		11.2.3	in circumstances where such Party or its Affiliates have a legal or regulatory obligation, or are
required by any judicial or administrative authority, to disclose such information; or

 

		11.2.4	otherwise where the owner of such Confidential Information consents to any such disclosure in its
discretion.

 

		12.	NOTICES

 

		12.1	Any notice required or permitted to be served hereunder shall be:

 

		12.1.1	in writing (in English); and

 

		12.1.2	communicated by: (i) hand delivery; (ii) prepaid registered courier; or (iii) email (which shall
be deemed to be in writing),

 

sent to the address
and for the attention of the relevant Party set out below, or such other address in England or the United States as may be notified
in writing from time to time, by the relevant Party to the other Parties for the purposes of this clause 12.

 

	
        SPAC
	
        SDCL Edge Acquisition
        Corporation

        Address: 1120 Avenue
        of the Americas, 4th Floor

        New York, New York 10036, United States of America

        FAO: The Directors

	Sponsor	
        SDCL Edge Sponsor Participation
        LLP

        Address: Apt 7D, 911 Seventh
        Avenue, New York, New York, 10019, United States of America

        FAO: Edward Davis

	Advisor	
        Sustainable Development
        Capital LLP

        1 Vine Street, London,
        England, W1J 0AH

        FAO: Neil Sweeney

 

		12.2	Any such notice shall be deemed to have been received:

 

		12.2.1	if delivered personally, at the time of delivery;

 

		12.2.2	in the case of a registered courier, 24 hours from the date of delivery to the courier by the sender;
or

 

		12.2.3	in the case of email, one hour from the time that such email was sent.

 

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		13.	REPRESENTATIONS AND WARRANTIES

 

		13.1	Each Party represents and warrants to the other Party for the duration of this Agreement that:

 

		(a)	such Party is validly existing, duly empowered and authorised to execute, deliver and perform this
Agreement;

 

		(b)	this Agreement is binding upon and enforceable in accordance with its terms except insofar as enforcement
may be limited by bankruptcy, insolvency or other laws relating to or affecting enforcement of creditors’ rights or general
principles of equity;

 

		(c)	such Party has complied with and will continue to comply with all Applicable Laws by which it is
bound or to which it is subject in connection with the execution and performance of this Agreement; and

 

		(d)	such Party has obtained all approvals and consents required to be obtained by it in connection
with the execution and delivery of this Agreement and the performance by it of its obligations hereunder from all Governmental
Authorities having any approval rights with respect thereto and all persons having consent rights.

 

		14.	GENERAL

 

Entire Agreement

 

		14.1	This Agreement contains all of the terms agreed upon or made by the Parties relating to the subject
matter of this Agreement, and supersedes all prior and contemporaneous agreements, negotiations, correspondence, undertakings and
communications of the parties, oral or written, respecting such subject matter.

 

No Intellectual
Property Licence

 

		14.2	Each Party acknowledges for the benefit of each other Party that:

 

		(a)	no provision of this Agreement grants either Party any rights, except as contained herein, in any
intellectual property belonging to or developed by the other Party; and

 

		(b)	this Agreement does not constitute a licence in respect of any such intellectual property.

 

No Partnership
or Agency

 

		14.3	The Parties agree and acknowledge that nothing within this Agreement is intended to, or shall be
deemed to, establish any partnership between the Parties or constitute any party the agent, branch or permanent establishment of
another Party.

 

Amendments

 

		14.4	No amendment or variation of this Agreement shall be effective unless it is in writing and signed
by or on behalf of each of the Parties.

 

Assignment
and Novation

 

		14.5	This Agreement and the rights and obligations under this Agreement may not be assigned or novated
to any person by any Party except with the prior written consent of each other Party.

 

Severability

 

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		14.6	If any provision of this Agreement shall to any extent be invalid, illegal or unenforceable, the
validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby, and each
of the provisions of this Agreement shall be valid, legal and enforceable to the fullest extent permitted by Applicable Law.

 

Counterparts

 

		14.7	This Agreement may be executed in one or more counterparts each of which shall be deemed to be
an original but all of which together shall constitute one and the same instrument.

 

Miscellaneous

 

		14.8	No failure on the part of any Party to exercise, and no delay on its part in exercising, any right
or remedy under this Agreement will operate as a waiver thereof nor will any single or partial exercise of any right or remedy
preclude any other or further exercise thereof or the exercise of any other right or remedy. The rights and remedies provided in
this Agreement are cumulative and not exclusive of any rights or remedies provided by law.

 

		15.	GOVERNING LAW AND JURISDICTION

 

		15.1	This Agreement and any dispute or claim arising out of or in connection with it or its subject
matter, existence, negotiation, validity, termination or enforceability (including non-contractual disputes or claims) shall be
governed by, and construed in accordance with, the laws of England and Wales.

 

		15.2	The courts of England and Wales shall have exclusive jurisdiction to hear and decide any suit,
action or proceedings, and to settle any disputes, which may arise out of or in connection with this Agreement and, for these purposes,
each Party irrevocably submits to the jurisdiction of the courts of England and Wales.

 

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SIGNATORIES

 

In witness whereof, this Agreement has
been executed and delivered on the date first stated above:

  

	SIGNED BY: SUSTAINABLE DEVELOPMENT CAPITAL LLP	 	 
	 	 	 
	  

	 	 
	Member	 	 
	 	 	 
	SIGNED BY: SDCL EDGE SPONSOR LLC	 	 
	 	 	 
	  

	 	 
	Manager	 	 
	 	 	 
	SIGNED BY: SDCL EDGE ACQUISITION CORPORATION	 	 
	 	 	 
	  

	 	 
	[Director]	 	 

  

    14

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