EX-10.13





 Exhibit 10.13 

January 1, 2011 
 Tim Holme 

Dear Tim: 
 I am pleased to offer you a position
with QuantumScape Corporation (the “Company”), as Chief Technical Officer. If you decide to join us, you will receive an annual salary of $180,000, which will be paid semi-monthly in accordance with the
Company’s normal payroll procedures. As an employee, you will also be eligible to receive the Company’s standard employee benefits. You should note that the Company may modify job titles, salaries and benefits from time to time as it deems
necessary. 
 The Company is excited about your joining and looks forward to a beneficial and productive relationship. Nevertheless, you
should be aware that your employment with the Company is for no specified period and constitutes at-will employment. As a result, you are free to resign at any time, for any reason or for no reason. Similarly,
the Company is free to conclude its employment relationship with you at any time, with or without cause, and with or without notice. We request that, in the event of resignation, you give the Company at least two weeks notice. 

The Company reserves the right to conduct background investigations and/or reference checks on all of its potential employees. Your job offer,
therefore, is contingent upon a clearance of such a background investigation and/or reference check, if any. 
 For purposes of federal
immigration law, you will be required to provide to the Company documentary evidence of your identity and eligibility for employment in the United States. Such documentation must be provided to us within three (3) business days of your date of
hire, or our employment relationship with you may be terminated. 
 We also ask that, if you have not already done so, you disclose to the
Company any and all agreements relating to your prior employment that may affect your eligibility to be employed by the Company or limit the manner in which you may be employed. It is the Company’s understanding that any such agreements will
not prevent you from performing the duties of your position and you represent that such is the case. Moreover, you agree that, during the term of your employment with the Company, you will not engage in any other employment, occupation, consulting
or other business activity directly related to the business in which the Company is now involved or becomes involved during the term of your employment, nor will you engage in any other activities that conflict with your obligations to the Company.
Similarly, you agree not to bring any third party confidential information to the Company, including that of your former employer, and that in performing your duties for the Company you will not in any way utilize any such information. 

As a Company employee, you will be expected to abide by the Company’s rules and standards. Specifically, you will be required to sign an
acknowledgment that you have read and that you understand the Company’s rules of conduct which are included in the Company Handbook, which the Company will soon complete and distribute. 












 As a condition of your employment, you are also required to sign and comply with an At-Will Employment, Confidential Information, Invention Assignment and Arbitration Agreement which requires, among other provisions, the assignment of patent rights to any invention made during your employment at
the Company, and non-disclosure of Company proprietary information. In the event of any dispute or claim relating to or arising out of our employment relationship, you and the Company agree that (i) any
and all disputes between you and the Company shall be fully and finally resolved by binding arbitration, (ii) you are waiving any and all rights to a jury trial but all court remedies will be available in arbitration, (iii) all disputes
shall be resolved by a neutral arbitrator who shall issue a written opinion, (iv) the arbitration shall provide for adequate discovery, and (v) the Company shall pay all the arbitration fees, except an amount equal to the filing fees you
would have paid had you filed a complaint in a court of law. Please note that we must receive your signed Agreement before your first day of employment. 

To accept the Company’s offer, please sign and date this letter in the space provided below. A duplicate original is enclosed for your
records. If you accept our offer, your first day of employment will be Monday, January 17, 2011. This letter, along with any agreements relating to proprietary rights between you and the Company and the Founder’s
Agreement dated November 5, 2011, set forth the terms of your employment with the Company and supersede any prior representations or agreements including, but not limited to, any representations made during your recruitment, interviews or pre-employment negotiations, whether written or oral. This letter, including, but not limited to, its at-will employment provision, may not be modified or amended except by a
written agreement signed by the President of the Company and you. 
 We look forward to your favorable reply and to working with you at
QuantumScape Corporation. 
 Sincerely, 
  

	
	 /s/ Jagdeep Singh

	Jagdeep Singh
	CEO



  
 -2- 













 Notwithstanding anything to the contrary in this letter, I acknowledge that the effective date of my
employment was January 17, 2011. 
  

			
	 Agreed to and accepted:

		
	 Signature:
	 	 /s/ Tim Holme

	 Printed Name: Tim
Holme



			
		
	 Date:
	 	 5-11-11


 Enclosures 

Duplicate Original Letter 

Employment, Confidential Information, Invention Assignment and Arbitration Agreement 

  
 -3-