Document:

EX-10.2

 Exhibit 10.2 

Execution Version 

SPONSOR SUPPORT AGREEMENT 

This Sponsor Support Agreement (this “Sponsor Agreement”) is dated as of June 21, 2021, by and among CITIC Capital
Acquisition LLC, a Cayman Islands limited liability company (the “Sponsor Holdco”), the Persons set forth on Schedule I hereto (together with the Sponsor Holdco, each, a “Sponsor” and, together, the
“Sponsors”), CITIC Capital Acquisition Corp., a Cayman Islands exempted company limited by shares (which shall domesticate as a Delaware corporation prior to the Closing (as defined in the Merger Agreement (as defined below)))
(“Acquiror”), and Quanergy Systems, Inc., a Delaware corporation (the “Company”). Capitalized terms used but not defined herein shall have the respective meanings ascribed to such terms in the Merger Agreement. 

RECITALS 
 WHEREAS, as of
the date hereof, the Sponsors collectively are the holders of record and the “beneficial owners” (within the meaning of Rule 13d-3 under the Exchange Act) of 6,900,000 shares of Acquiror Class B Common Stock and 7,520,000 Acquiror Private
Placement Warrants in aggregate as set forth on Schedule I attached hereto (collectively, the “Subject Securities”); 

WHEREAS, contemporaneously with the execution and delivery of this Sponsor Agreement, Acquiror, CITIC Capital Merger Sub Inc., a Delaware
corporation and a direct wholly owned subsidiary of Acquiror (“Merger Sub”), and the Company, have entered into an Agreement and Plan of Merger (as amended or modified from time to time, the “Merger Agreement”),
dated as of the date hereof, pursuant to which, among other transactions, Merger Sub is to merge with and into the Company, with the Company continuing on as the surviving entity and a wholly owned subsidiary of Acquiror, on the terms and conditions
set forth therein; and 
 WHEREAS, as an inducement to Acquiror and the Company to enter into the Merger Agreement and to consummate the
transactions contemplated therein, the parties hereto desire to agree to certain matters as set forth herein. 
 AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing and the mutual agreements contained herein, and intending to be legally bound hereby, the
parties hereto hereby agree as follows: 
 ARTICLE I 

SPONSOR SUPPORT AGREEMENT; COVENANTS 

Section 1.01 Binding Effect of Merger Agreement. Each Sponsor hereby acknowledges that it has read the Merger
Agreement and this Sponsor Agreement and has had the opportunity to consult with its tax and legal advisors. Each Sponsor shall be bound by and comply with Sections 7.4 (No Solicitation by Acquiror) and 11.12 (Publicity) of the
Merger Agreement (and any relevant definitions contained in any such Sections) in the same manner as the Acquiror is so bound and as if such Sponsor was an original signatory to the Merger Agreement with respect to such provisions. 

Section 1.02 No Transfer. During the period commencing on the date hereof and ending on the earliest of (a) the
Effective Time, and (b) such date and time of the termination of the Merger Agreement in accordance with its terms (the earlier of (a) and (b), the “Expiration Time”), each Sponsor shall not, without the prior written
consent of the Company, (i) sell, offer to sell, contract or agree to sell, hypothecate, pledge, grant any option to purchase or otherwise encumber, dispose of or agree to dispose of, directly or indirectly, file (or participate in the filing
of) a registration statement with the SEC (other than the Proxy Statement/Information Statement/Registration Statement) or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning of
Section 16 of the Exchange Act, with respect to any Subject Securities owned by such Sponsor, (ii) deposit any Subject Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney
with respect thereto that is inconsistent with this Support Agreement (iii) enter into any swap or other arrangement that transfers to another, in whole or in part, 

 
any of the economic consequences of ownership of any Subject Securities owned by such Sponsor or (iv) publicly announce any intention to effect any transaction specified in clause
(i) or (ii); provided, however, that nothing in this Agreement shall prohibit a transfer of any Subject Securities to another Sponsor or an Affiliate of a Sponsor or any direct or indirect transfers of equity or other interests in the Sponsor
Holdco to the extent it does not have the effect of preventing such Sponsor from performing such Sponsor’s obligations hereunder. 

Section 1.03 New Shares. In the event that (a) any Acquiror Common Shares, Acquiror Warrants or other equity
securities of Acquiror are issued to a Sponsor after the date of this Sponsor Agreement pursuant to any stock dividend, stock split, recapitalization, reclassification, combination or exchange of Acquiror Common Shares or Acquiror Warrants of, on or
affecting the Acquiror Common Shares or Acquiror Warrants owned by such Sponsor or otherwise, (b) a Sponsor purchases or otherwise acquires beneficial ownership of any Acquiror Common Shares, Acquiror Warrants or other equity securities of
Acquiror after the date of this Sponsor Agreement, or (c) a Sponsor acquires the right to vote or share in the voting of any Acquiror Common Shares or other equity securities of Acquiror after the date of this Sponsor Agreement (such Acquiror
Common Shares, Acquiror Warrants or other equity securities of Acquiror, collectively the “New Securities”), then such New Securities acquired or purchased by such Sponsor shall be subject to the terms of this Sponsor Agreement to
the same extent as if they constituted the Subject Securities owned by such Sponsor as of the date hereof. 
 Section 1.05
Closing Date Deliverables. On the Closing Date, the Sponsor Holdco shall deliver to Acquiror and the Company a duly executed copy of that certain Amended and Restated Registration Rights Agreement, by and among Acquiror, the Sponsor
Holdco and certain other parties thereto, in substantially the form attached as Exhibit C to the Merger Agreement. 
 Section 1.06
Sponsor Agreements. (a) At any meeting of the shareholders of Acquiror, however called, or at any adjournment thereof, or in any other circumstance in which the vote, consent or other approval of the shareholders of Acquiror is
sought, each Sponsor shall (i) appear at each such meeting or otherwise cause all of its Acquiror Common Shares to be counted as present thereat for purposes of calculating a quorum and (ii) vote (or cause to be voted), or execute and
deliver a written consent (or cause a written consent to be executed and delivered) covering, all of its Acquiror Common Shares: 

(i) in favor of each Transaction Proposal and any applicable action in furtherance thereto; 

(ii) against any Business Combination Proposal or any proposal relating to a Business Combination Proposal (in each case, other
than the Transaction Proposals); 
 (iii) against any merger agreement or merger (other than the Merger Agreement and the
Merger), consolidation, combination, sale of substantial assets, reorganization, recapitalization, dissolution, liquidation or winding up of or by Acquiror; 

(iv) against any change in the business, management or Board of Directors of Acquiror (other than in connection with the
Transaction Proposals); and 
 (v) against any proposal, action or agreement that would (A) impede, frustrate, prevent
or nullify any provision of this Agreement, the Merger Agreement or any Merger, (B) result in a breach in any respect of any covenant, representation, warranty or any other obligation or agreement of Acquiror or the Merger Sub under the Merger
Agreement, (C) result in any of the conditions set forth in Article IX of the Merger Agreement not being fulfilled or (D) change in any manner the dividend policy or capitalization of, including the voting rights of any class of capital
stock of, Acquiror. 

  
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 Each Sponsor hereby agrees that it shall not commit or agree to take any action inconsistent
with the foregoing. 
 (b) (i) Each Sponsor that is a party to that certain letter agreement, dated as of February 10, 2020, by and
among the Acquiror its executive officers, its directors, and the Sponsor Holdco (the “Voting Letter Agreement”), shall comply with, and fully perform all of its obligations, covenants and agreements set forth in, the Voting Letter
Agreement, and (ii) Mr. Haghighat shall comply with, and fully perform all of its obligations, covenants and agreements set forth in, that certain letter agreement, dated as of May 7, 2020, by and among Mr. Haghighat and Acquiror
(“Haghighat Letter Agreement”, together with the Voting Letter Agreement, the “Letter Agreements” and each, a “Letter Agreement”). Each Sponsor irrevocably and unconditionally agrees that during the
period commencing on the date hereof and ending on the Expiration Time such Sponsor shall not elect to cause Acquiror to redeem any Subject Securities beneficially owned or owned of record by such Sponsor, or submit any of its Subject Securities for
redemption, in connection with the transactions contemplated by the Merger Agreement or otherwise. 
 (c) During the period commencing on the
date hereof and ending on the Expiration Time, without the prior written consent of the Company and the Acquiror, each Sponsor shall not modify or amend any Contract set forth on Schedule II hereto. 

Section 1.07 Further Assurances. Each Sponsor shall take, or cause to be taken, all actions and do, or cause to be done,
all things reasonably necessary under applicable Laws to consummate the Mergers and the other transactions contemplated by the Merger Agreement on the terms and subject to the conditions set forth therein and herein. 

Section 1.08 No Inconsistent Agreement. Each Sponsor hereby represents and covenants that such Sponsor has not entered
into, and shall not enter into, any agreement that would restrict, limit or interfere with the performance of such Sponsor’s obligations hereunder. 

Section 1.09 Waiver of Anti-Dilution Provision. Each Sponsor hereby (but subject to the consummation of the Merger) waives
(for itself, for its successors, heirs and assigns), to the fullest extent permitted by law and the amended and restated memorandum and articles of association of Acquiror (as may be amended from time to time, the “Articles”), the
provisions of Article 17.3 of the Articles to have the Acquiror Class B Common Stock convert to Acquiror Class A Common Stock at a ratio of greater than one-for-one. The waiver specified in this Section 1.08 shall be applicable only in
connection with the transactions contemplated by the Merger Agreement and this Sponsor Agreement and shall be void and of no force and effect if the Merger Agreement shall be terminated for any reason. 

ARTICLE II 

REPRESENTATIONS AND WARRANTIES 

Section 2.01 Representations and Warranties of the Sponsors. Each Sponsor represents and warrants as of the date hereof to
Acquiror and the Company (solely with respect to itself, himself or herself and not with respect to any other Sponsor) as follows: 

(a) Organization; Due Authorization. If such Sponsor is not an individual, it is duly organized, validly existing and in
good standing under the Laws of the jurisdiction in which it is incorporated, formed, organized or constituted, and the execution, delivery and performance of this Sponsor Agreement and the consummation of the transactions contemplated hereby are
within such Sponsor’s corporate, limited liability company or organizational powers and have been duly authorized by all necessary corporate, limited liability company or organizational actions on the part of such Sponsor. If such Sponsor is an
individual, such Sponsor has full legal capacity, right and authority to execute and deliver this Sponsor Agreement and to perform his or her obligations hereunder. This Sponsor Agreement has been duly executed and delivered by such Sponsor and,
assuming due authorization, execution and delivery by the other parties to this Sponsor Agreement, this Sponsor Agreement 

  
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constitutes a legally valid and binding obligation of such Sponsor, enforceable against such Sponsor in accordance with the terms hereof (except as enforceability may be limited by bankruptcy
Laws, other similar Laws affecting creditors’ rights and general principles of equity affecting the availability of specific performance and other equitable remedies). If this Sponsor Agreement is being executed in a representative or fiduciary
capacity, the Person signing this Sponsor Agreement has full power and authority to enter into this Sponsor Agreement on behalf of the applicable Sponsor. 

(b) Ownership. Such Sponsor is the record and beneficial owner (as defined in the Securities Act) of, and has good title
to, all of such Sponsor’s Subject Securities opposite such Sponsor’s name on Schedule I hereto, and there exist no Liens or any other limitation or restriction (including any restriction on the right to vote, sell or otherwise dispose of
such Subject Securities (other than transfer restrictions under the Securities Act)) affecting any such Subject Securities, other than Liens pursuant to (i) this Sponsor Agreement, (ii) the Acquiror Governing Documents, (iii) the
Merger Agreement, (iv) the applicable Letter Agreement or (v) any applicable securities Laws. Such Sponsor’s Subject Securities are the only equity securities in Acquiror owned of record or beneficially by such Sponsor on the date of
this Sponsor Agreement, and none of such Sponsor’s Subject Securities are subject to any proxy, voting trust or other agreement or arrangement with respect to the voting of such Subject Securities, except as provided hereunder and under the
applicable Letter Agreement. Other than the Subject Securities held by such Sponsor, such Sponsor does not hold or own any rights to acquire (directly or indirectly) any equity securities of Acquiror or any equity securities convertible into, or
which can be exchanged for, equity securities of Acquiror. 
 (c) No Conflicts. The execution and delivery of this
Sponsor Agreement by such Sponsor does not, and the performance by such Sponsor of his, her or its obligations hereunder will not, (i) if such Sponsor is not an individual, conflict with or result in a violation of the organizational documents
of such Sponsor or (ii) require any consent or approval that has not been given or other action that has not been taken by any Person (including under any Contract binding upon such Sponsor or such Sponsor’s Subject Securities), in each
case, to the extent such consent, approval or other action would prevent, enjoin or materially delay the performance by such Sponsor of its, his or her obligations under this Sponsor Agreement. 

(d) Litigation. There are no Actions pending against such Sponsor, or to the knowledge of such Sponsor threatened
against such Sponsor, before (or, in the case of threatened Actions, that would be before) any arbitrator or any Governmental Authority, which in any manner challenges or seeks to prevent, enjoin or materially delay the performance by such Sponsor
of its, his or her obligations under this Sponsor Agreement. 
 (e) Brokerage Fees. Except as described on
Section 5.13 of the Acquiror Disclosure Letter, no broker, finder, investment banker or other Person is entitled to any brokerage fee, finders’ fee or other commission in connection with the transactions contemplated by the Merger
Agreement based upon arrangements made by such Sponsor, for which Acquiror or any of its Affiliates may become liable. 
 (f)
Affiliate Arrangements. Except as set forth on Schedule II attached hereto or as disclosed in the Acquiror SEC Filings, neither such Sponsor nor any anyone related by blood, marriage or adoption to such Sponsor or, to the knowledge of
such Sponsor, any Person in which such Sponsor has a direct or indirect legal, contractual or beneficial ownership of 5% or greater is party to, or has any rights with respect to or arising from, any Contract with Acquiror or its Subsidiaries. 

(g) Acknowledgment. Such Sponsor understands and acknowledges that each of Acquiror and the Company is entering into the
Merger Agreement in reliance upon such Sponsor’s execution and delivery of this Sponsor Agreement. 

  
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 ARTICLE III 

MISCELLANEOUS 

Section 3.01 Termination. This Sponsor Agreement and all of its provisions shall terminate and be of no further force or
effect upon the earliest of (a) the Expiration Time and (b) the written agreement of the Sponsor Holdco, Acquiror, and the Company. Upon such termination of this Sponsor Agreement, all obligations of the parties under this Sponsor
Agreement will terminate, without any liability or other obligation on the part of any party hereto to any Person in respect hereof or the transactions contemplated hereby, and no party hereto shall have any claim against another (and no person
shall have any rights against such party), whether under contract, tort or otherwise, with respect to the subject matter hereof; provided, however, that the termination of this Sponsor Agreement shall not relieve any party hereto from
liability arising in respect of any breach of this Sponsor Agreement prior to such termination. 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 3.01 through 3.12 shall survive termination of this Agreement. 

Section 3.02 Governing Law. This Sponsor Agreement, and all claims or causes of action (whether in contract or tort) that
may be based upon, arise out of or relate to this Sponsor Agreement or the negotiation, execution or performance of this Sponsor Agreement (including any claim or cause of action based upon, arising out of or related to any representation or
warranty made in or in connection with this Sponsor Agreement) will be governed by and construed in accordance with the internal Laws of the State of Delaware applicable to agreements executed and performed entirely within such State. 

Section 3.03 CONSENT TO JURISDICTION AND SERVICE OF PROCESS; WAIVER OF JURY TRIAL. (a) THE PARTIES TO THIS SPONSOR
AGREEMENT SUBMIT TO THE EXCLUSIVE JURISDICTION OF THE STATE COURTS LOCATED IN WILMINGTON, DELAWARE OR THE COURTS OF THE UNITED STATES LOCATED IN WILMINGTON, DELAWARE IN RESPECT OF THE INTERPRETATION AND ENFORCEMENT OF THE PROVISIONS OF THIS SPONSOR
AGREEMENT AND ANY RELATED AGREEMENT, CERTIFICATE OR OTHER DOCUMENT DELIVERED IN CONNECTION HEREWITH AND BY THIS SPONSOR AGREEMENT WAIVE, AND AGREE NOT TO ASSERT, ANY DEFENSE IN ANY ACTION FOR THE INTERPRETATION OR ENFORCEMENT OF THIS SPONSOR
AGREEMENT AND ANY RELATED AGREEMENT, CERTIFICATE OR OTHER DOCUMENT DELIVERED IN CONNECTION HEREWITH, THAT THEY ARE NOT SUBJECT TO THE PERSONAL JURISDICTION THERETO OR THAT SUCH ACTION MAY NOT BE BROUGHT OR IS NOT MAINTAINABLE IN SUCH COURTS OR THAT
THIS SPONSOR AGREEMENT MAY NOT BE ENFORCED IN OR BY SUCH COURTS OR THAT THEIR PROPERTY IS EXEMPT OR IMMUNE FROM EXECUTION, THAT THE ACTION IS BROUGHT IN AN INCONVENIENT FORUM, OR THAT THE VENUE OF THE ACTION IS IMPROPER. SERVICE OF PROCESS WITH
RESPECT THERETO MAY BE MADE UPON ANY PARTY TO THIS SPONSOR AGREEMENT BY MAILING A COPY THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO SUCH PARTY AT ITS ADDRESS AS PROVIDED IN SECTION 3.08. 

(b) WAIVER OF TRIAL BY JURY. EACH PARTY HERETO HEREBY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS SPONSOR
AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING
OUT OF OR RELATING TO THIS SPONSOR AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS SPONSOR AGREEMENT. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (I) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR
OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, (II) EACH 

  
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SUCH PARTY UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (III) EACH SUCH PARTY MAKES THIS WAIVER VOLUNTARILY, AND (IV) EACH SUCH PARTY HAS BEEN INDUCED TO ENTER INTO THIS
SPONSOR AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 3.03. 
 Section 3.04
Assignment. This Sponsor Agreement and all of the provisions hereof will be binding upon and inure to the benefit of the parties hereto and their respective heirs, successors and permitted assigns. Neither this Sponsor Agreement nor any
of the rights, interests or obligations hereunder will be assigned (including by operation of law) without the prior written consent of the parties hereto. 

Section 3.05 Specific Performance. The parties hereto agree that irreparable damage may occur in the event that any of the
provisions of this Sponsor Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties hereto shall be entitled to seek an injunction or injunctions to prevent breaches
of this Sponsor Agreement and to enforce specifically the terms and provisions of this Sponsor Agreement in the chancery court or any other state or federal court within the State of Delaware, this being in addition to any other remedy to which such
party is entitled at law or in equity. 
 Section 3.06 Amendment. This Sponsor Agreement may not be amended, changed,
supplemented, waived or otherwise modified or terminated, except upon the execution and delivery of a written agreement executed by Acquiror, the Company and the Sponsor Holdco. 

Section 3.07 Severability. If any provision of this Sponsor Agreement is held invalid or unenforceable by any court of
competent jurisdiction, the other provisions of this Sponsor Agreement will remain in full force and effect. Any provision of this Sponsor Agreement held invalid or unenforceable only in part or degree will remain in full force and effect to the
extent not held invalid or unenforceable. 
 Section 3.08 Notices. All notices and other communications among the parties
hereto shall be in writing and shall be deemed to have been duly given (a) when delivered in person, (b) when delivered after posting in the United States mail having been sent registered or certified mail return receipt requested, postage
prepaid, (c) when delivered by FedEx or other nationally recognized overnight delivery service or (d) when e-mailed during normal business hours (and otherwise as of the immediately following Business Day), addressed as follows: 

If to Acquiror: 
 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 to (which will not constitute notice): 

White & Case LLP 

1221 Avenue of the Americas 
 New
York, NY, 10020-1095 
 The United States 

  
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 Attention:   Joel Rubinstein 

Email:       joel.rubinstein@whitecase.com 

If to the Company: 

Quanergy Systems, Inc. 

433 Lakeside Drive 
 Sunnyvale,
CA 94085 
 Attention:   Chief Financial Officer 

Email:       patrick.archambault@quanergy.com 

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

Cooley LLP 
 3175 Hanover
Street 
 Palo Alto, CA 94304 

Attention:   Sale Kwon; Kevin Rooney 

Email:       skwon@cooley.com; krooney@cooley.com 

If to a Sponsor: 
 To such
Sponsor’s address set forth in Schedule I 
 with a copy to (which will not constitute notice): 

White & Case LLP 

1221 Avenue of the Americas 
 New
York, NY, 10020-1095 
 The United States 

Attention:   Joel Rubinstein 

Email:       joel.rubinstein@whitecase.com 

Section 3.09 Counterparts . This Sponsor Agreement may be executed in two or more counterparts (any of which may be
delivered by electronic transmission), each of which shall constitute an original, and all of which taken together shall constitute one and the same instrument. 

Section 3.10 Trust Account Waiver. Section 11.1 of the Merger Agreement is hereby incorporated into this Sponsor
Agreement, mutatis mutandis. 
 Section 3.11 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. 
 Section 3.12 Entire Agreement . This Sponsor Agreement and the agreements referenced herein
constitute the entire agreement and understanding of the parties hereto in respect of the subject matter hereof and supersede all prior understandings, agreements or representations by or among the parties hereto to the extent they relate in any way
to the subject matter hereof. 
 [THE REMAINDER OF THIS PAGE IS INTENTIONALLY BLANK] 

  
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 IN WITNESS WHEREOF, the Sponsors, Acquiror, and the Company have each caused this Sponsor
Support Agreement to be duly executed as of the date first written above. 
  

			
	SPONSORS:
	
	CITIC CAPITAL ACQUISITION LLC
		
	By:	 	 /s/ Eric Chan

	Name: Eric Chan
	Title: Director
	
	 /s/ Henri Arif

	Name: Henri Arif
	
	 /s/ Ross Haghighat

	Name: Ross Haghighat
	
	 /s/ Mark Segall

	Name: Mark B. Segall
	
	ACQUIROR:
	
	CITIC CAPITAL ACQUISITION CORP.
		
	By:	 	 /s/ Fanglu Wang

	Name: Fanglu Wang
	Title: Chief Executive Officer and Director

 [Signature Page to Sponsor Support Agreement] 

			
	COMPANY:
	
	QUANERGY SYSTEMS, INC.
		
	By:	 	 /s/ Kevin Kennedy

	Name: Kevin Kennedy
	Title: Chief Executive Officer

 [Signature Page to Sponsor Support Agreement] 

 SCHEDULE I 

Acquiror Class B Common Stock and Acquiror Private Placement Warrant 

 

					
	 Sponsor
	  	 Acquiror Class B Common Stock
	  	 Acquiror Private Placement Warrants

			
	 CITIC Capital Acquisition LLC
 c/o CITIC Capital
Acquisition Corp.
 28/F CITIC Tower, 1 Tim Mei Avenue, Central, Hong Kong
	  	6,015,500	  	6,580,000
			
	 Henri Arif (“Mr. Arif”)
 c/o
CITIC Capital Acquisition Corp.
 28/F CITIC Tower, 1 Tim Mei Avenue, Central, Hong Kong
	  	862,500	  	940,000
			
	 Ross Haghighat (“Mr. Haghighat”)

c/o CITIC Capital Acquisition Corp.
 28/F CITIC Tower, 1 Tim Mei
Avenue, Central, Hong Kong
	  	22,000	  	—
			
	 Mark Segall (“Mr. Segall”)
 c/o
CITIC Capital Acquisition Corp.
 28/F CITIC Tower, 1 Tim Mei Avenue, Central, Hong Kong
	  	13,000	  	—

 [Schedule I to Sponsor Support Agreement] 

 SCHEDULE II 

Affiliate Agreements 
  

	1.	 Registration Rights Agreement, dated February 10, 2020, by and between Acquiror, Sponsor Holdco and
certain other security holders named therein 

  

	2.	 Voting Letter Agreement 

 

	3.	 Haghighat Letter Agreement 

 

	4.	 Administrative Services Agreement, dated February 10, 2020, by and between Acquiror and Sponsor Holdco

  

	5.	 Private Placement Warrants Purchase Agreement, dated February 10, 2020, by and between Acquiror and
Sponsor Holdco 

  

	6.	 Indemnity Agreement, dated February 10, 2021, by and between Acquiror and Mr. Segall

  

	7.	 Indemnity Agreement, dated May 7, 2020, by and between Acquiror and Mr. Haghighat

  

	8.	 Indemnity Agreement, dated February 10, 2020, by and between Acquiror and Mr. Arif

  

	9.	 Joinder Agreement, dated February 10, 2021, by and between Acquiror and Mr. Segall

 [Schedule II to Sponsor Support Agreement]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.

  
 2 

 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. 

  
 3 

	 	(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. 

  
 4 

	 	(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. 

  
 5 

 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. 

  
 6 

	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): 

  
 7 

 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 

  
 8 

 
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. 

  
 9 

	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. 

  
 10 

	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

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00329-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00329-of-00352.parquet"}]]