EX-10.3





 Exhibit 10.3 

Execution Version 

SUPPORT AGREEMENT 
 This
Support Agreement (this “Agreement”), dated as of June 21, 2021, is entered into by and among CITIC Capital Acquisition Corp., a Cayman Islands exempted company (which shall be domesticated as a Delaware corporation prior to the
closing of the Merger (as defined herein) and in connection therewith change its name to Quanergy Systems, Inc.) (“Acquiror”), Quanergy Systems, Inc., a Delaware corporation (the “Company”) and certain of the
stockholders of the Company, whose names appear on the signature pages of this Agreement (such stockholders, the “Stockholders”, and Acquiror, the Company and the Stockholders, each a “Party”, and collectively, the
“Parties”). 
 RECITALS 

WHEREAS, Acquiror, the Company and CITIC Capital Merger Sub Inc., a Delaware corporation and wholly-owned subsidiary of Acquiror
(“Merger Sub”), have entered into an Agreement and Plan of Merger dated as of June 21, 2021 (as amended, supplemented, restated or otherwise modified from time to time, the “Merger Agreement”; capitalized terms used
but not otherwise defined in this Agreement shall have the meanings ascribed to them in the Merger Agreement), pursuant to which (and subject to the terms and conditions set forth therein) Merger Sub will merge with and into the Company, with the
Company surviving the merger (the “Merger”); 
 WHEREAS, as of the date hereof, each Stockholder is the record and
“beneficial owner” (as such term is used herein, within the meaning of Rule 13d-3 under the Securities Exchange Act of 1934, as amended (together with the rules and regulations promulgated
thereunder, the “Exchange Act”)) of, and is entitled to dispose of and vote the number of shares of Company Common Stock and Company Preferred Stock set forth opposite such Stockholder’s name on Schedule 1 of this
Agreement (collectively, with respect to each Stockholder, such Stockholder’s “Owned Shares”), and such Owned Shares, together with (1) any additional shares of Company Common Stock and Company Preferred Stock (or any
securities convertible into or exercisable or exchangeable for Company Common Stock or Company Preferred Stock) in which such Stockholder acquires record and beneficial ownership after the date hereof, including by purchase, as a result of a stock
dividend, stock split, recapitalization, combination, reclassification, exchange or change of such shares, or upon exercise or conversion of any securities and (2) any additional shares of Company Common Stock and Company Preferred Stock with
respect to which such Stockholder has or acquires the right to vote, whether or not through a proxy (the “Covered Shares”); 

WHEREAS, pursuant to their terms, upon consummation of the Merger, each of the following agreements will automatically terminate
without any further action on the part of the parties thereto pursuant to their respective terms: (i) that certain Amended and Restated Investor Rights Agreement, dated October 17, 2018, by and among the Company and the Investors (as
defined therein) (the “Investor Rights Agreement”), (ii) that certain Amended and Restated Voting Agreement, dated October 17, 2018, by and among the Company and the Stockholders (as defined therein) (the “Voting
Agreement”) and (iii) that certain Amended and Restated Right of First Refusal and Co-Sale Agreement, dated October 17, 2018, by and among the Company and the Investors (as defined therein)
(the “ROFR Agreement” and, together with the Investor Rights Agreement and the Voting Agreement, the “Investment Agreements”); and 

WHEREAS, as a condition and inducement to the willingness of Acquiror and Merger Sub to enter into the Merger Agreement, the Company
and the Stockholders are entering into this Agreement. 












 AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and agreements herein contained, and intending to be legally
bound hereby, Acquiror, the Company and each Stockholder hereby agree as follows: 
  

	1.	 Agreement to Vote 



Subject to the earlier termination of this Agreement in accordance with Section 3 and the last paragraph of this
Section 1, each Stockholder, solely in his, her or its capacity as a stockholder or proxy holder of the Company, irrevocably and unconditionally agrees, and agrees to cause any other holder of record of any of the
Stockholder’s Covered Shares, to validly execute and deliver to the Company, in respect of all of the Stockholder’s Covered Shares, on (or effective as of) the fifth (5th) Business Day following the date that the consent solicitation
statement/prospectus included in the Registration Statement is disseminated to the Company’s stockholders (following the date that the Registration Statement becomes effective), the written consent in the form attached hereto as Exhibit A in
respect of all of the Stockholder’s Covered Shares approving the Merger, the Merger Agreement, the other transactions contemplated thereby and any other matters necessary or reasonably requested by the Company in connection therewith. In
addition, subject to the last paragraph of this Section 1, prior to the Termination Date (as defined herein), the Stockholder, in his, her or its capacity as a stockholder or proxy holder of the Company, irrevocably and
unconditionally agrees that, at any other meeting of the stockholders of the Company (whether annual or special and whether or not an adjourned or postponed meeting, however called and including any adjournment or postponement thereof) and in
connection with any written consent of stockholders of the Company, such Stockholder shall, and shall cause any other holder of record of any of such Stockholder’s Covered Shares to: 

 

	 	(a)	 exercise the drag-along rights set forth in Section 1.7 of the Voting Agreement, if
applicable; 


  

	 	(b)	 when such meeting is held, appear at such meeting or otherwise cause the Stockholder’s Covered Shares to
be counted as present thereat for the purpose of establishing a quorum; 


  

	 	(c)	 vote (or execute and return an action by written consent), or cause to be voted at such meeting (or validly
execute and return and cause such consent to be granted with respect to), all of such Stockholder’s Covered Shares owned as of the record date for such meeting (or the date that any written consent is executed by such Stockholder) in favor of
the Merger and the adoption of the Merger Agreement and any other matters necessary or reasonably requested by the Company for consummation of the Merger and the other transactions contemplated by the Merger Agreement; 



 

	 	(d)	 in any other circumstances upon which a consent or other approval is required under the Company’s
Governing Documents or the Investment Agreements, or otherwise sought with respect to the Merger Agreement or the other transactions contemplated by the Merger Agreement, vote, consent or approve (or cause to be voted, consented or approved) all of
such Stockholder’s Covered Shares held at such time in favor thereof; 


  

	 	(e)	 vote (or execute and return an action by written consent), or cause to be voted at such meeting (or validly
execute and return and cause such consent to be granted with respect to), all of such Stockholder’s Covered Shares against (i) any Acquisition Proposal and (ii) any other action that would reasonably be expected to (x) materially
impede, interfere with, delay, postpone or adversely affect the Merger or any of the other transactions contemplated by the Merger Agreement, (y) to the knowledge of such Stockholder, result in a breach of any covenant, representation or
warranty or other obligation or agreement of the Company under the Merger Agreement or (z) result in a breach of any covenant, representation or warranty or other obligation or agreement of such Stockholder contained in this Agreement.




  
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 The obligations of each Stockholder specified in this Section 1
shall apply whether or not the Merger or any action described above is recommended by the Company Board, or the Company Board has previously recommended the Merger, but changed such recommendation. 

 

	2.	 No Inconsistent Agreements 



Each Stockholder hereby covenants and agrees that such Stockholder shall not (i) enter into any voting agreement or voting trust with
respect to any of such Stockholder’s Covered Shares that is inconsistent with such Stockholder’s obligations pursuant to this Agreement, (ii) grant a proxy or power of attorney with respect to any of such Stockholder’s Covered
Shares that is inconsistent with such Stockholder’s obligations pursuant to this Agreement or (iii) enter into any agreement or undertaking that is otherwise inconsistent with, or would interfere with, or prohibit or prevent it from
satisfying, its obligations pursuant to this Agreement. 
  

	3.	 Termination 



This Agreement shall terminate upon the earliest of (i) the Effective Time, (ii) the termination of the Merger Agreement in
accordance with its terms, and (iii) the time this Agreement is terminated upon the mutual written agreement of the Company, Acquiror, and each Stockholder (the earliest such date under clause (i), (ii)and (iii) being referred to herein as
the “Termination Date”) and the representations, warranties, covenants and agreements contained in this Agreement and in any certificate or other writing delivered pursuant hereto shall not survive the Closing or the termination of
this Agreement; provided that the provisions set forth in Sections 10 through 21 shall survive the termination of this Agreement. 
  

	4.	 Representations and Warranties of the Stockholders 



Each Stockholder hereby severally and not jointly represents and warrants (as to itself only) to Acquiror as follows: 

 

	 	(a)	 Such Stockholder is the sole record and a beneficial owner (within the meaning of Rule 13d-3 under the Exchange Act) of, and has good, valid and marketable title to or has a valid proxy to vote such shares, such Stockholder’s Covered Shares, free and clear of any Liens (other than those arising
under applicable securities laws, as would not otherwise restrict the performance of such Stockholder’s obligations pursuant to this Support Agreement, as created by this Agreement or the organizational documents of the Company (including, for
the purposes hereof, any agreements between or among stockholders of the Company)). As of the date hereof, other than the Owned Shares set forth opposite such Stockholder’s name on Schedule 1, such Stockholder does not own beneficially
or of record any shares of Company Common Stock or Company Preferred Stock (or any securities convertible into shares of Company Common Stock or Company Preferred Stock) or any interest therein. 



  
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	 	(b)	 Such Stockholder, in each case, except as provided in this Agreement, the Investment Agreements or the
Governing Documents of the Company, (i) has full voting power, full power of disposition and full power to issue instructions with respect to the matters set forth herein, whether by ownership or by proxy, in each case, with respect to such
Stockholder’s Covered Shares, (ii) has not entered into any voting agreement or voting trust, and has no knowledge and is not aware of any such voting agreement or voting trust in effect with respect to any of such Stockholder’s
Covered Shares that is inconsistent with such Stockholder’s obligations pursuant to this Agreement, (iii) has not granted a proxy or power of attorney with respect to any of such Stockholder’s Covered Shares that is inconsistent with
such Stockholder’s obligations pursuant to this Agreement, and has no knowledge and is not aware of any such proxy or power of attorney in effect, and (iv) has not entered into any agreement or undertaking that is otherwise inconsistent
with, or would interfere with, or prohibit or prevent it from satisfying, its obligations pursuant to this Agreement, and has no knowledge and is not aware of any such agreement or undertaking. 



 

	 	(c)	 Such Stockholder affirms that (i) if such Stockholder is a natural person, he or she has all the requisite
power and authority and has taken all actions necessary in order to execute and deliver this Agreement, to perform his or her obligations hereunder and to consummate the transaction contemplated hereby, and (ii) if such Stockholder is not a
natural person, such Stockholder (A) is a legal entity duly organized, validly existing and, to the extent such concept is applicable, in good standing under the Laws of the jurisdiction of its organization, and (B) has all requisite
corporate or other power and authority and has taken all corporate or other action necessary in order to execute, deliver and perform its obligations under this Agreement and to consummate the transactions contemplated hereby. This Agreement has
been duly executed and delivered by such Stockholder, and, subject to the due execution and delivery of this Agreement by each other Party, constitutes a legally valid and binding agreement of such Stockholder, enforceable against the Stockholder in
accordance with the terms hereof (except as enforceability may be limited by bankruptcy Laws or other similar Laws affecting creditors’ rights and general principles of equity affecting the availability of specific performance and other
equitable remedies). 


  

	 	(d)	 Other than the filings, notices and reports pursuant to, in compliance with or required to be made under the
Exchange Act, no filings, notices, reports, consents, registrations, approvals, permits, waivers, expirations of waiting periods or authorizations are required to be obtained by such Stockholder from, or to be given by such Stockholder to, or be
made by such Stockholder with, any Governmental Authority in connection with the execution, delivery and performance by such Stockholder of this Agreement, the consummation of the transactions contemplated hereby or the Merger or the other
transactions contemplated by the Merger Agreement. 


  

	 	(e)	 The execution, delivery and performance of this Agreement by such Stockholder does not, and the consummation of
the transactions contemplated hereby and the Merger and the other transactions contemplated by the Merger Agreement will not, constitute or result in (i) a breach or violation of, or a default under, the Governing Documents of such Stockholder
(if such Stockholder is not a natural person), (ii) with or without notice, lapse of time or both, a breach or violation of, a termination (or right of termination) of or a default under, the loss of any benefit under, the creation, modification or
acceleration of any obligations under or the creation of a Lien on any of the properties, rights or assets of such Stockholder pursuant to any Contract binding upon such Stockholder or, assuming (solely with respect to performance of this Agreement
and the transactions contemplated hereby), compliance with the matters referred to in Section 4(d), under any applicable Law to which such Stockholder is subject or (iii) any change in the rights or obligations of any
party under any Contract legally binding upon such Stockholder, except, in the case of clause (ii) or (iii) directly above, for any such breach, violation, termination, default, creation, acceleration or change that would not, individually or
in the aggregate, reasonably be expected to prevent or materially delay or impair such Stockholder’s ability to perform its obligations hereunder or to consummate the transactions contemplated hereby, the consummation of the Merger or the other
transactions contemplated by the Merger Agreement. 



  
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	 	(f)	 As of the date of this Agreement, there is no action, proceeding or investigation pending against such
Stockholder or, to the knowledge of such Stockholder, threatened against such Stockholder that in any manner questions the beneficial or record ownership of the Stockholder’s Covered Shares or the validity of this Agreement, or challenges or
seeks to prevent, enjoin or materially delay the performance by such Stockholder of its obligations under this Agreement. 


  

	 	(g)	 The Stockholder is a sophisticated stockholder and has adequate information concerning the business and
financial condition of Acquiror and the Company to make an informed decision regarding this Agreement and the other transactions contemplated by the Merger Agreement, and has independently and based on such information as the Stockholder has deemed
appropriate, made its own analysis and decision to enter into this Agreement. The Stockholder acknowledges that Acquiror and the Company have not made and do not make any representation or warranty, whether express or implied, of any kind or
character except as expressly set forth in this Agreement. The Stockholder acknowledges that the agreements contained herein with respect to the Covered Shares held by the Stockholder are irrevocable. 



 

	 	(h)	 No investment banker, broker, finder or other intermediary is entitled to any broker’s, finder’s,
financial advisor’s or other similar fee or commission for which Acquiror or the Company is or could be liable in connection with the Merger Agreement or this Agreement or any of the respective transactions contemplated hereby or thereby, in
each case based upon arrangements made by such Stockholder in his, her or its capacity as a stockholder or, to the knowledge of such Stockholder, on behalf of such Stockholder in his, her or its capacity as a stockholder. 



 

	5.	 Certain Covenants of the Stockholders 



Except in accordance with the terms of this Agreement, each Stockholder hereby covenants and agrees as follows: 

 

	 	(a)	 No Solicitation. Subject to Section 6 hereof, prior to the Termination Date,
the Stockholder shall not, and, to the extent applicable, shall instruct its Affiliates and subsidiaries not to, and shall instruct its and its Affiliates’ and subsidiaries’ respective representatives not to, directly or indirectly,
(i) initiate, solicit or engage in any negotiations with any Person with respect to, or provide any non-public information or data concerning the Company or any of the Company’s Subsidiaries to any
Person relating to, an Acquisition Proposal, (ii) execute or enter into any acquisition agreement, merger agreement or similar definitive agreement, or any letter of intent, memorandum of understanding or agreement in principle, or any other
arrangement or agreement relating to an Acquisition Proposal, (iii) otherwise knowingly encourage or facilitate any such inquiries, proposals, discussions, or negotiations or any effort or attempt by any Person to make an Acquisition Proposal,
or (iv) agree or otherwise commit to enter into or engage in any of the foregoing. Such Stockholder also agrees that, immediately following the execution of this Agreement, such Stockholder shall, and, to the extent applicable, shall instruct
each of its Affiliates and subsidiaries to, and shall instruct its and its Affiliates’ and subsidiaries’ respective representatives to, cease any solicitations, discussions or negotiations with any Person (other than the Parties and their
respective representatives) conducted heretofore in connection with an Acquisition Proposal or any inquiry or request for information that could reasonably be expected to lead to, or result in, an Acquisition Proposal. 



  
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 Notwithstanding anything in this Agreement to the contrary, (i) such Stockholder shall
not be responsible for the actions of the Company or the Board of Directors of the Company (or any committee thereof), any subsidiary of the Company, or any officers, directors (in their capacity as such), employees and professional advisors of any
of the foregoing (collectively, the “Company Related Parties”), (ii) such Stockholder makes no representations or warranties with respect to the actions of any of the Company Related Parties, and (iii) any breach by the Company
of its obligations under Section 6.5 of the Merger Agreement shall not be considered a breach of this Section 5(a) (it being understood that, for the avoidance of doubt, such Stockholder or his,
her or its representatives (other than any such representative that is a Company Related Party) shall remain responsible for any breach by such Stockholder or his, her or its representatives of this Section 5(a)). 

 

	 	(b)	 Each Stockholder hereby agrees not to (except in each case pursuant to the Merger Agreement or as may be
required by a Governmental Order or other Law), (i) directly or indirectly, (a) sell, transfer, pledge, encumber, assign, hedge, swap, convert or otherwise dispose of (including by merger (including by conversion into securities or other
consideration), by tendering into any tender or exchange offer, by testamentary disposition, by operation of Law or otherwise), either voluntarily or involuntarily (collectively, “Transfer”), or (b) enter into any Contract or
option with respect to the Transfer of any of such Stockholder’s Covered Shares, or (ii) publicly announce any intention to effect any transaction specified in clauses (a) or (b), or (iii) take any action that would make any
representation or warranty of such Stockholder contained herein untrue or incorrect or have the effect of preventing or disabling such Stockholder from performing its obligations under this Agreement; provided, however, that nothing
herein shall prohibit a Transfer to (i) if the Stockholder is an entity, to any partner, member or Affiliate of the Stockholder, or (ii) if the Stockholder is an individual, the Stockholder may Transfer any Covered Securities (A) to
any member of the Stockholder’s immediate family, or to a trust for the benefit of the Stockholder or any member of the Stockholder’s immediate family, the sole trustees of which are the Stockholder or any member of Stockholder’s
immediate family or (B) by will, other testamentary document or under the laws of intestacy upon the death of the Stockholder (in each case, a “Permitted Transfer”); provided, further, that any Permitted Transfer
shall be permitted only if, as a precondition to such Transfer, the transferee agrees in a writing, reasonably satisfactory in form and substance to Acquiror, to assume all of the obligations of the Stockholder under, and be bound by all of the
terms of, this Agreement; provided, further, that any Transfer permitted under this Section 5(b) shall not relieve the Stockholder of its obligations under this Agreement. Any Transfer in violation of this
Section 5(b) with respect to the Stockholder’s Covered Shares shall be null and void. 


  

	 	(c)	 Each Stockholder hereby authorizes the Company to maintain a copy of this Agreement at either the executive
office or the registered office of the Company. 



  
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	6.	 Further Assurances 



From time to time, at Acquiror’s request and without further consideration, each Stockholder shall execute and deliver such additional
documents and take all such further action as may be reasonably necessary or reasonably requested to effect the actions and consummate the transactions contemplated by the Merger Agreement and this Agreement. Each Stockholder further agrees not to
commence or participate in, and to take all actions necessary to opt out of any class in any class action with respect to, any action or claim, derivative or otherwise, against Acquiror, Acquiror’s Affiliates, any of Acquiror’s officers or
directors, the Sponsor, the Company or any of their respective successors and assigns relating to the negotiation, execution or delivery of this Agreement, the Merger Agreement or the consummation of the transactions contemplated hereby and thereby.

  

	7.	 Disclosure 



Such Stockholder hereby authorizes the Company and Acquiror to publish and disclose in any announcement or disclosure required by the SEC such
Stockholder’s identity and ownership of the Covered Shares and the nature of such Stockholder’s obligations under this Agreement. 
  

	8.	 Changes in Capital Stock 



In the event (i) of a stock split, stock dividend or distribution, or any change in Company Common Stock or Company Preferred Stock by
reason of any split-up, reverse stock split, recapitalization, combination, reclassification, exchange of shares or the like, (ii) the Stockholder purchases or otherwise acquires beneficial ownership of
any Company Common Stock or Company Preferred Stock or (iii) the Stockholder acquires the right to vote or share in the voting of any Company Common Stock or Company Preferred Stock, the terms “Owned Shares” and “Covered
Shares” shall be deemed to refer to and include such shares, as well as all such stock dividends and distributions and any securities into which or for which any or all of such shares may be changed or exchanged or which are received in such
transaction. 
  

	9.	 Amendment and Modification 



This Agreement may not be amended, modified or supplemented in any manner, whether by course of conduct or otherwise, except by an instrument
in writing signed by Acquiror, the Company and the applicable Stockholder. 
  

	10.	 Waiver 



No failure or delay by any Party exercising any right, power or privilege hereunder shall operate as a waiver thereof, nor shall any single or
partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies of the Parties hereunder are cumulative and are not exclusive of any rights or remedies which
they would otherwise have hereunder. Any agreement on the part of a Party to any such waiver shall be valid only if set forth in a written instrument executed and delivered by such Party. 

 

	11.	 Notices 



All notices and other communications hereunder shall be in writing and shall be deemed given if delivered personally, by email (with
confirmation of receipt) or sent by a nationally recognized overnight courier service, such as Federal Express, to the Parties at the following addresses (or at such other address for a Party as shall be specified by like notice made pursuant to
this Section 11): 

  
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 if to the Stockholder, to the address or email address set forth opposite such
Stockholder’s name on Schedule 1, or in the absence of such address or email address being set forth on Schedule 1, the address (including email) set forth in the Company’s books and records, 

with a copy (which shall not constitute notice) to: 

if to Acquiror, to it at: 

CITIC Capital Acquisition Corp. 

28/F CITIC Tower 
 1 Tim Mei
Avenue 
 Central, Hong Kong 

Attention: Fanglu Wang 
 Email:
fangluwang@citiccapital.com 
 with a copy (which shall not constitute notice) to: 

White & Case LLP 
 1221
Avenue of the Americas 
 New York, NY, 10020-1095 

The United States 
 Attn: Joel
Rubinstein 
 Email: joel.rubinstein@whitecase.com 
  

	12.	 No Ownership Interest 



Nothing contained in this Agreement shall be deemed to vest in Acquiror any direct or indirect ownership or incidence of ownership of or with
respect to the Covered Shares of the Stockholder. All rights, ownership and economic benefits of and relating to the Covered Shares of the Stockholder shall remain vested in and belong to the Stockholder, and Acquiror shall have no authority to
direct the Stockholder in the voting or disposition of any of the Stockholder’s Covered Shares, except as otherwise provided herein. 
  

	13.	 Entire Agreement; Time of Effectiveness 



This Agreement, the Merger Agreement and any other Ancillary Agreements to which the Stockholder is a party constitute the entire agreement and
supersede all prior agreements and understandings, both written and oral, between the Parties with respect to the subject matter hereof and thereof. This Agreement shall not be effective or binding upon the Stockholder until after such time as the
Merger Agreement is executed and delivered by the Company, Acquiror and Merger Sub. 
  

	14.	 No Third-Party Beneficiaries 



The Stockholder hereby agrees that its representations, warranties and covenants set forth herein are solely for the benefit of Acquiror, in
accordance with and subject to the terms of this Agreement, and this Agreement is not intended to, and does not, confer upon any Person other than the Parties any rights or remedies hereunder, including the right to rely upon the representations and
warranties 

  
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set forth herein, and the Parties hereby further agree that this Agreement may only be enforced against, and any Action that may be based upon, arise out of or relate to this Agreement, or the
negotiation, execution or performance of this Agreement may only be made against, the Persons expressly named as parties hereto; provided that the Company shall be an express third party beneficiary with respect to
Section 4 and Section 5(b). 
  

	15.	 Governing Law and Venue; Service of Process; Waiver of Jury Trial 



 

	 	(a)	 This Agreement, and all claims or causes of action based upon, arising out of, or related to this Agreement or
the transactions contemplated hereby, shall be governed by, and construed in accordance with, the Laws of the State of Delaware, without giving effect to principles or rules of conflicts of laws to the extent such principles or rules are not
mandatorily applicable and would require or permit the application of the Laws of another jurisdiction other than the State of Delaware. 


  

	 	(b)	 In addition, each of the Parties (i) consents to submit itself, and hereby submits itself, to the personal
jurisdiction of the Court of Chancery of the State of Delaware or, if such court does not have subject matter jurisdiction, any state or federal court located in the State of Delaware having subject matter jurisdiction, in the event any dispute
arises out of this Agreement or any of the transactions contemplated by this Agreement, (ii) agrees that it will not attempt to deny or defeat such personal jurisdiction by motion or other request for leave from any such court, and agrees not
to plead or claim any objection to the laying of venue in any such court or that any judicial proceeding in any such court has been brought in an inconvenient forum, (iii) agrees that it will not bring any action relating to this Agreement or
any of the transactions contemplated by this Agreement in any court other than the Court of Chancery of the State of Delaware or, if such court does not have subject matter jurisdiction, any state or federal court located in the State of Delaware
having subject matter jurisdiction and (iv) consents to service of process being made through the notice procedures set forth in Section 11. 



 

	 	(c)	 EACH OF THE PARTIES HEREBY KNOWINGLY, INTENTIONALLY, VOLUNTARILY AND IRREVOCABLY WAIVES ANY AND ALL RIGHT TO
TRIAL BY JURY IN ANY ACTION BASED UPON, ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 


  

	16.	 Assignment; Successors 



Except as expressly provided for herein, neither this Agreement nor any of the rights, interests or obligations hereunder shall (a) be
assigned by any of the Stockholders in whole or in part (whether by operation of Law or otherwise) without the prior written consent of Acquiror and the Company or (b) be assigned by Acquiror or the Company in whole or in part (whether by
operation of law or otherwise) without the prior written consent of (i) the Company or Acquiror, respectively, and (ii) the applicable Stockholder. Any such assignment without such consent shall be null and void. This Agreement shall be
binding upon, inure to the benefit of and be enforceable by the Parties and their respective successors and permitted assigns. 

  
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	17.	 Enforcement 



The rights and remedies of the Parties shall be cumulative with and not exclusive of any other remedy conferred hereby. The Parties agree that
irreparable damage would occur and that the Parties would not have any adequate remedy at law in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is
accordingly agreed that the Parties shall be entitled to an injunction or injunctions to prevent breaches or threatened breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement, including each
Stockholder’s obligations to vote its Covered Shares as provided in this Agreement, in the Court of Chancery of the State of Delaware or, if, under applicable law, exclusive jurisdiction over such matter is vested in the federal courts, any
state or federal court located in the State of Delaware, without proof of actual damages or otherwise (and each Party hereby waives any requirement for the securing or posting of any bond in connection with such remedy), this being in addition to
any other remedy to which they are entitled at law or in equity. 
  

	18.	 Severability 



If any term or other provision of this Agreement is held by a court of competent jurisdiction or other authority to be invalid, void,
unenforceable or against its regulatory policy, the remainder of the terms and provisions of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated, so long as the economic and legal substance
of the transactions contemplated hereby, taken as a whole, are not affected in a manner materially adverse to any Party. Upon such a determination, the Parties shall negotiate in good faith to modify this Agreement so as to effect the original
intent of the Parties as closely as possible in an acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the fullest extent possible. 

 

	19.	 Counterparts 



This Agreement may be executed in one (1) or more counterparts, all of which shall be considered one and the same agreement, it being
understood that each Party need not sign the same counterpart. This Agreement shall become effective when each Party shall have received a counterpart hereof signed by all of the other Parties. Signatures delivered electronically or by facsimile
shall be deemed to be original signatures. 
  

	20.	 Interpretation and Construction 



The words “hereof,” “herein” and “hereunder” and words of like import used in this Agreement shall refer to this
Agreement as a whole and not to any particular provision of this Agreement. The descriptive headings used herein are inserted for convenience of reference only and are not intended to be part of or to affect the meaning or interpretation of this
Agreement. References to Sections are to Sections of this Agreement unless otherwise specified. Any singular term in this Agreement shall be deemed to include the plural, and any plural term the singular. The definitions contained in this Agreement
are applicable to the masculine as well as to the feminine and neuter genders of such term. Whenever the words “include,” “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the
words “without limitation,” whether or not they are in fact followed by those words or words of like import. “Writing,” “written” and comparable terms refer to printing, typing and other means of reproducing words
(including electronic media) in a visible form. References to any statute shall be deemed to refer to such statute and to any rules or regulations promulgated thereunder. References to any person include the successors and permitted assigns of that
person. References from or through any date mean, unless otherwise specified, from and including such date or through and including such date, respectively. In the event an ambiguity or question of intent or interpretation arises, this Agreement
will be construed as if drafted jointly by the Parties, and no presumption or burden of proof will arise favoring or disfavoring any Party by virtue of the authorship of any of the provisions of this Agreement. 

  
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	21.	 Directors and Officers 



Nothing in this Agreement shall be construed to impose any obligation or limitation on votes or actions taken by any director, officer,
employee, agent, designee or other representative of any Stockholder or by any Stockholder that is a natural person, in each case, in his or her capacity as a director or officer of the Company. Each Stockholder is executing this Agreement solely in
such capacity as a record or beneficial holder of Company Capital Stock. 
  

	22.	 Affiliate Agreements 



The Stockholder hereby agrees and consents to the termination of all affiliate arrangements indicated for termination on
Section 6.4 of the Company Disclosure Letter to which the Stockholder is party, effective as of the Effective Time, without any further liability or obligation to the Company, the Company’s Subsidiaries or Acquiror.

 [The remainder of this page is intentionally left blank.] 

  
 11 













 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed (where applicable, by their
respective officers or other authorized Persons thereunto duly authorized) as of the date first written above. 
  

	
	Citic Capital Acquisition Corp.
	
	 /s/ Fanglu Wang

	Name: Fanglu Wang
	Title: Chief Executive Officer and Director
	
	Quanergy Systems, Inc.
	
	 /s/ Kevin Kennedy

	Name: Kevin Kennedy
	Title: Chief Executive Officer
	
	CCSRF Vision (Cayman) Investment Limited
	
	 /s/ Fanglu Wang

Name: Fanglu Wang

	Title: Director
	
	 /s/ Louay Eldada

Name: Louay Eldada

	
	 /s/ Tamer Hassanein

Name: Tamer Hassanein

	
	 /s/ Tianyue Yu

Name: Tianyue Yu, Trustee of The Yang Yu Trust

	
	 /s/ Weilai Yang

Name: Weilai Yang and Yu Cheung Ho, Trustee of the YYAD10 Trust

	
	 /s/ Weilai Yang

Name: Weilai Yang and Yu Cheung Ho, Trustee of the YYJK28 Trust

	
	Sensata Technologies, Inc.
	
	 /s/ Shannon M. Votava

Name: Shannon M. Votava

	Title: Authorized Signatory
	
	Rising Tide Management Ltd.
	
	 /s/ Joseph Kell

Name: Joseph Kell

	Title: Authorized Signatory
	Rising Tide II, LLC
	
	 /s/ Joseph Kell

Name: Joseph Kell

	Title: Authorized Signatory
	
	 Rising Tide III, LLC

	
	 /s/ Joseph Kell

Name: Joseph Kell

	Title: Authorized Signatory
	
	 Rising Tide IV, LLC

	
	 /s/ Joseph Kell

Name: Joseph Kell

	Title: Authorized Signatory
	
	 Rising Tide IVA, LLC

	
	 /s/ Joseph Kell

Name: Joseph Kell

	Title: Authorized Signatory
	
	 Rising Tide V, LLC

	
	 /s/ Brett Armitage

Name: Brett Armitage

	Title: Director, Arkenstone Director Services Limited
	
	 Transportation Technology Ventures LLC

	
	 Name: /s/ Jim Disanto

	Title: Managing Partner
	
	 Transportation Technology Ventures II, L.P.

	
	 /s/ Jim Disanto

Name: Jim Disanto

	Title: Managing Partner
	
	 Transportation Technology Ventures V, L.P.

	
	 /s/ Jim Disanto

Name: Jim Disanto

	Title: Managing Partner
	
	 Motus-VGO Autonomous IOT Fund, L.P

	
	 /s/ Jim Disanto

Name: Jim Disanto

	Title: Managing Partner

 [Signature Page of Support Agreement] 












 Schedule 1 
  

									
	 Stockholder Name
	  	Number of Company
Common Stock Held	 	  	Number of Company
Preferred Stock Held	 
	 CCSRF Vision (Cayman) Investment Limited
	  				  	 	126,522	 
	 Louay Eldada
	  	 	1,107,768	 	  	 	10,200	 
	 Tamer Hassanein
	  				  	 	40,498	 
	 Tianyue Yu, Trustee of The Yang Yu Trust
	  	 	631,483	 	  	 	7,650	 
	 Weilai Yang and Yu Cheung Ho, Trustee of the YYAD10 Trust
	  	 	125,000	 	  			
	 Weilai Yang and Yu Cheung Ho, Trustee of the YYJK28 Trust
	  	 	125,000	 	  			
	 Sensata Technologies, Inc.
	  				  	 	433,189	 
	 Rising Tide Management Ltd.
	  				  	 	101,247	 
	 Rising Tide II, LLC
	  				  	 	127,502	 
	 Rising Tide III, LLC
	  				  	 	218,201	 
	 Rising Tide IV, LLC
	  	 	535,179	 	  			
	 Rising Tide IVA, LLC
	  	 	80,000	 	  			
	 Rising Tide V, LLC
	  	 	379,040	 	  	 	2,618,109	 
	 Transportation Technology Ventures LLC
	  	 	86,805	 	  			
	 Transportation Technology Ventures II, L.P.
	  				  	 	179,605	 
	 Transportation Technology Ventures V, L.P.
	  				  	 	136,900	 
	 Motus-VGO Autonomous IOT Fund, L.P.
	  				  	 	39,145