Document:

Form of Administration Services Agreement.

 Exhibit 10.8 

CITIC CAPITAL ACQUISITION CORP. 

9/F, East Tower, Genesis Beijing 

No. 8 Xinyuan South Road, Chaoyang District 

Beijing 100027 
 People’s
Republic of China 
 ___________, 2020 
 CITIC
Capital Acquisition LLC 
 9/F, East Tower, Genesis Beijing 

No. 8 Xinyuan South Road, Chaoyang District 
 Beijing 100027

 People’s Republic of China 
 Re:
Administrative Services Agreement 
 Ladies and Gentlemen: 

This letter agreement (this “Agreement”) by and between CITIC Capital Acquisition Corp. (the
“Company”) and CITIC Capital Acquisition LLC (the “Sponsor”), dated as of the date hereof, will confirm our agreement that, commencing on the date the securities of the Company are first listed on the
New York Stock Exchange (the “Listing Date”), pursuant to a Registration Statement on Form S-1 and prospectus filed with the U.S. Securities and Exchange Commission (the
“Registration Statement”) and continuing until the earlier of the consummation by the Company of an initial business combination or the Company’s liquidation (in each case as described in the Registration Statement)
(such earlier date hereinafter referred to as the “Termination Date”): 
 1. The Sponsor shall make available,
or cause to be made available, to the Company, at 9/F, East Tower, Genesis Beijing, No. 8 Xinyuan South Road, Chaoyang District, Beijing 100027, People’s Republic of China (or any successor location), office space and secretarial and
administrative services as may be reasonably required by the Company. In exchange therefor, the Company shall pay the Sponsor $10,000 per month on the Listing Date and continuing monthly thereafter until the Termination Date; and 

2. The Sponsor hereby irrevocably waives any and all right, title, interest, causes of action and claims of any kind as a result of, or arising
out of, this Agreement (each, a “Claim”) in or to, and any and all right to seek payment of any amounts due to it out of, the trust account established for the benefit of the public shareholders of the Company and into which
substantially all of the proceeds of the Company’s initial public offering will be deposited (the “Trust Account”), and hereby irrevocably waives any Claim it may have in the future as a result of, or arising out of,
this Agreement, which Claim would reduce, encumber or otherwise adversely affect the Trust Account or any monies or other assets in the Trust Account, and further agrees not to seek recourse, reimbursement, payment or satisfaction of any Claim
against the Trust Account or any monies or other assets in the Trust Account for any reason whatsoever. 
 This Agreement constitutes the
entire agreement and understanding of the parties hereto in respect of its subject matter and supersedes all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in any way
to the subject matter hereof or the transactions contemplated hereby. 
 This Agreement may not be amended, modified or waived as to any
particular provision, except by a written instrument executed by the parties hereto. 
 No party hereto may assign either this Agreement or
any of its rights, interests, or obligations hereunder without the prior written approval of the other party. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer or assign any
interest or title to the purported assignee. 
 This Agreement shall be governed by and construed in accordance with the laws of the State
of New York for agreements made and to be wholly performed within such state, without regards to the conflicts of laws principles thereof. 

[Signature Page Follows]

 
			
	Very truly yours,
	
	CITIC CAPITAL ACQUISITION CORP.
		
	By:	 	  

		 	Name: Fanglu Wang
		 	Title: Chief Executive Officer

  

			
	AGREED AND ACCEPTED BY:
	
	CITIC CAPITAL ACQUISITION LLC
	
	By: CITIC Capital MB Investment Limited, its manager
		
	By:	 	  

		 	Name: Eric Chan
		 	Title: Director

 [Signature Page to Administrative Services Agreement]Exhibit 10.1

 

 

 

TRANSITION AND SEPARATION AGREEMENT

 

This Transition and
Separation Agreement ("Agreement"), dated as of January 17, 2020 is made and entered into by and between Lantronix, Inc.,
and its subsidiaries ("Lantronix"), and Kevin Yoder ("Executive").

 

Recitals

 

A.       Executive
notified Lantronix of Executive’s intent to retire from his employment with the Company effective as of January 31,
2020 (the “Original Retirement Date”).

 

B.       Executive
desires to provide transition services to Lantronix and remain eligible for certain compensation in connection with such services
and Lantronix would like to receive transition services in Executive’s areas of expertise to assist the Company in transitioning
Executive’s duties and responsibilities.

 

C.     In
order to facilitate such services, Executive and Lantronix have agreed that, instead of the Original Retirement Date, Executive’s
employment with the Company is now intended to end effective upon July 31, 2020 (the “Planned Separation Date”);
and

 

D.       Lantronix
and Executive do not anticipate that there will be any disputes between them or legal claims arising out of Executive’s separation
from employment, but nevertheless, desire to ensure a completely amicable parting and to settle fully and finally any and all differences
or claims that might arise out of Executive the employment relationship and termination thereof.

 

Agreement

 

1.           Separation
Date. Lantronix and Executive agree that Executive’s employment with the Company shall not end on the Original
Retirement Date but instead, shall end effective as of the Planned Separation Date (the Planned Separation Date and/or the
date Executive’s employment with the Company actually occurs shall be referred to herein as, the
“Separation Date”).

 

2.          
Resignation as Officer. Effective as of the end of the business day on the Original Retirement Date, Executive shall cease
to constitute an officer of the Company. Executive hereby agrees to execute such additional documents determined necessary or appropriate
by the Company to effect Executive’s resignation as an officer of the Company and any of its subsidiaries, provided, that
any such documents shall be consistent with the terms of this Agreement.

 

3.          
Effective Date. This Agreement shall not become effective until the eighth (8th) day after Executive and Lantronix execute
this Agreement. Such date shall be the “Effective Date” of this Agreement.

 

 

 

    	 	1	 

     

    

 

4.          
Benefits During Transition.

 

(A)       In
exchange for the transition services provided during the Transition Period (as defined below), the general release of claims and
other good and valuable consideration, Lantronix agrees to make to the Executive the following payments (the “ Payments”):
(a) Salary continuation payments at his current base salary rate paid in biweekly installments consistent with Lantronix’
existing payroll practices starting on the first regular payroll date following the Effective Date of this Agreement through the
Separation Date; (b) $46,631.66 payable in a lump sum within 53 days of the Effective Date; plus (c) $35,000 payable on the next
payroll after the Separation Date. The Payments shall be subject to all standard payroll deduction and will cover withholdings
for taxes including federal and state income taxes. Executive acknowledges that Executive is not entitled to receive the Payments
unless Executive executes and does not revoke this Agreement, and that no payments due to Executive hereunder shall be made or
begin before the Effective Date. In the event that executive becomes deceased during the Transition Period, any payments under
this Section A not previously made to Executive shall be paid in full to his estate.

 

(B)       Executive
will be paid out for all accrued vacation as of the Original Retirement Date vacation days shall not accrue during the Transition
Period. Executive shall also be paid any unpaid expenses incurred in connection with his Employment through the Original Retirement
Date as well as any pre-approved expenses incurred during the Transition Period.

 

(C)       From
the end of the working day on the Original Retirement Date through the Separation Date (the “Transition Period”),
Executive shall remain employed by the Company and shall be available to provide at least thirty (30) hours per week of transition
services in Executive’s areas of expertise and work experience and responsibility (the “Transition Services”).
During the Transition Period, Executive will not be required to regularly report to the Company’s offices but agrees to
make himself available, including to come into the Company’s offices, upon reasonable notice by the Company. Executive’s
title during the Transition Period shall be Special Advisor and shall continue to be a “Service Provider” of the Company
as defined in the Amended and Restated 2010 Stock Incentive Plan, as amended (the “2010 SIP”). Accordingly, in accordance
with the terms of the 2010 SIP, Executive’s awards under the 2010 SIP shall continue to vest during the Transition Period,
and the post-termination exercise period for the such awards shall be extended through 90 days after the end of the Consulting
Period.

 

(D)       During
the Transition Period, Executive will continue to be eligible to receive the following benefits provided prior to the Separation
Date (subject to Executive continuing to make required Executive contributions) (a) medical, dental, and vision insurance coverage;
(b) Executive shall be able to continue to contribute to the Company’s 401K Plan; and (c) flexible spending accounts.

 

(E)        Except
as set forth herein, Executive will not be eligible for any other payments from Lantronix, including payments under the Lantronix
Performance Bonus Plan or any other bonus plan and all payments hereunder constitute any and all payments due to Executive in connection
with his employment and the separation form the Company.

 

 

 

 

    	 	2	 

     

    

 

3.       General
Release of Claims.

 

(A)       In
exchange for the consideration provided in this Agreement, Executive and Executive’s heirs, executors, representatives, agents,
insurers, administrators, successors and assigns (collectively the "Releasors") irrevocably and unconditionally fully
and forever waive, release and discharge Lantronix, its subsidiaries and other corporate affiliates and each of their respective
Executives, officers, directors, owners, shareholders and agents (collectively referred to herein as, the “Released Parties”)
from any and all claims, demands, actions, causes of actions, obligations, judgments, rights, fees, damages, obligations, liabilities
and expenses (inclusive of attorneys' fees) of any kind whatsoever, whether known or unknown, (collectively "Claims"),
including, without limitation, any Claims under any federal, state, local or foreign law, that Releasors may have, have ever had
or may in the future have arising out of, or in any way related to (i) Executive's hire, benefits, employment, termination or separation
from employment with Lantronix and (ii) any actual or alleged act, omission, transaction, practice, conduct, occurrence or other
matter that existed or arose on or before, and including, the date of Executive’s execution of this Agreement, including,
but not limited to (A) any claims under Title VII of the Civil Rights Act, as amended, the Americans with Disabilities Act, as
amended, the Equal Pay Act, as amended, the Executive Retirement Income Security Act, as amended (with respect to unvested benefits),
the Civil Rights Act of 1991, as amended, Section 1981 of U.S.C. Title 42, the Sarbanes-Oxley Act of 2002, as amended, the Worker
Adjustment and Retraining Notification Act, as amended, the Age Discrimination in Employment Act, as amended, the California Fair
Employment and Housing Act, as amended, and/or any other Federal, state or local law (statutory, regulatory or otherwise) that
may be legally waived and released and (B) any tort and/or contract claims, including, but not limited to, any claims of wrongful
discharge, defamation, emotional distress, tortious interference with contract, invasion of privacy, nonphysical injury, personal
injury or sickness or any other harm. However, this general release of claims excludes, and Executive does not waive, release or
discharge any (i) right to file an administrative charge or complaint with the Equal Employment Opportunity Commission or other
administrative agency; (ii) claims under state workers' compensation or unemployment laws; (iii) indemnification rights Executive
has against Lantronix, and/or (iv) any other claims that cannot be waived by law.

 

(B)       In
further consideration of the payments and benefits provided to Executive by this Agreement, the Releasors hereby unconditionally
release and forever discharge the Released Parties from any and all Claims that the Releasors may have as of the date Executive
signs this Agreement arising under the Age Discrimination in Employment Act (ADEA), as amended. By signing this Agreement, Executive
hereby acknowledges and confirms that: (i) in connection with Executive's termination of employment, Executive has been advised
by Lantronix to consult with an attorney of Executive’s choice before signing this Agreement to have the attorney explain
the terms and effect of signing this Agreement, including Executive's release of claims under the ADEA, and that Executive has
in fact consulted with an attorney; (ii) Executive was given no less than 45 days to consider the terms of the Agreement and consult
with an attorney of Executive’s choice; (iii) Executive is providing this release in exchange for consideration in addition
to that which Executive is already entitled; (iv) Executive understands that Executive has seven (7) days from the date of signing
this Agreement to revoke the release in this paragraph by providing Lantronix with a written notice of Executive's revocation of
the release and waiver contained in this paragraph; (vii) Executive understands that the release contained in this paragraph does
not apply to rights and claims that may arise after the date on which Executive signs this Agreement and (viii) Executive knowingly
and voluntarily accepts the terms of this Agreement.

 

(C)       Executive
hereby covenants and agrees not to file, commence or initiate any suits, grievances, demands or causes of action against the Released
Parties based upon or relating to any of the claims released pursuant to this Agreement. If Executive breaches this covenant not
to sue, Executive hereby agrees to pay all of the reasonable costs and attorneys’ fees actually incurred by the Released
Parties in defending against such claims, demands or causes of action, together with such and further damages as may result, directly
or indirectly, from that breach. Moreover, Executive agrees that Executive will not persuade or instruct any person to file a suit,
claim or complaint with any state or federal court or administrative agency against the Released Parties. In accordance with 29
C.F.R. § 1625.23(b), nothing in this covenant not to sue is intended to preclude Executive from challenging the validity of
this Agreement under the OWBPA, 29 U.S.C. § 626(f), with respect to claims under the ADEA, and Lantronix shall not be entitled
to recover any consideration paid under this Agreement, damages or its attorneys’ fees and costs resulting from such challenge.

 

 

 

 

    	 	3	 

     

    

 

(D)       Nothing
in this Agreement shall interfere with Executive’s right to file a charge, cooperate or participate in an investigation or
proceeding conducted by, or provide information to, the Equal Employment Opportunity Commission, the National Labor Relations Board,
the Occupational Safety and Health Administration, the Securities and Exchange Commission or other federal or state regulatory
or law enforcement agency.

 

(E)       This
Release shall be a release of all claims, whether known or unknown, and Executive hereby expressly waives and release all rights
reserved to Executive by Section 1542 of Civil Code of the State of California, which states as follows:

 

"A
general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time
of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor."

 

(F)       Executive
understands and acknowledges that the significance and consequence of the foregoing waiver of Section 1542 of the Civil Code is
that even if Executive should eventually suffer damages from Lantronix (including, but not limited to, as arising out of Executive’s
employment with Lantronix), Executive will not be permitted to make any claim whatsoever for those damages. Furthermore, Executive
acknowledges and understands that Executive intends such consequences even as to claims for injury or damages that may exist as
of the date for this Agreement but which Executive does not know exists, and which, if known, would materially affect Executive's
decision to execute this Agreement. Executive further acknowledges and understands that the foregoing release is operative regardless
of the reasons for Executive’s lack of knowledge of such claims (whether the lack of knowledge is a result of ignorance,
oversight, error, negligence, or any other cause, and regardless of whether such cause is through no fault of Executive or through
the fault of Lantronix).

 

4.       Executive
Representations. Executive specifically represents, warrants and confirms that: (a) throughout Executive’s employment,
Executive was fully paid all amounts due from Lantronix and appropriately compensated for all hours worked in accordance with the
Fair Labor Standards Act and other applicable law, if any; (b) throughout Executive’s employment, Executive has been provided
with all leave to which Executive was entitled under Lantronix’ policies and applicable law; (c) Executive has no claims,
complaints or actions of any kind filed against the Released Parties with any court of law, or local, state or federal government
or agency; (d) Executive has not engaged in, is not aware of, or has fully disclosed to Lantronix, any matters for which Executive
was responsible or which came to Executive’s attention as an Executive of Lantronix that might give rise to, evidence, or
support any claim of illegal conduct, regulatory violation, unlawful discrimination, or other cause of action against Lantronix.

 

5.       No
Admission of Wrongdoing or Liability. Nothing contained in this Agreement shall constitute, or be construed as or is intended
to be an admission or an acknowledgment by Lantronix or the Released Parties of any wrongdoing or liability, all such wrongdoing
and liability being expressly denied.

 

6.       Confidentiality.
Executive agrees to maintain absolute confidentiality and secrecy concerning the terms of this Agreement and will not reveal, or
disseminate by publication in any manner whatsoever this document or any matters pertaining to it to any other person except Executive’s
immediate family members, legal advisors, financial planners, or tax preparers who are also bound by this confidentiality provision,
or as required by legal process.

 

7.       Continuing
Obligations. Executive acknowledges and agrees to comply with Executive’s continuing obligations under the Employment,
Confidential Information, and Invention Assignment Agreement between Executive and Lantronix (the “Confidentiality Agreement”),
including but not limited to Executive's obligations not to use or disclose, at any time, any trade secret, confidential or proprietary
information of the Company.

 

 

 

 

    	 	4	 

     

    

 

8.       Non-Disparagement.
Executive and Lantronix each agree not to make any statements, written or verbal, or cause or encourage others to make any statements,
written or verbal, including but not limited to any statements made via social media, on websites or blogs, that defame, disparage
or in any way criticize the personal or business reputation, practices, or conduct of the other party or any of the Released Parties.
This Section does not, in any way, restrict or impede either party from exercising protected rights to the extent that such rights
cannot be waived by agreement or from complying with any applicable law or regulation or a valid order of a court of competent
jurisdiction or an authorized government agency, provided that such compliance does not exceed that required by the law, regulation
or order. The Executive shall promptly provide written notice of any such order to Lantronix’ General Counsel and Vice President
of Human Resources.

 

9.       Lantronix
Property. On or before the Separation Date, Executive must return all company property, including identification cards or badges,
access codes or devices, keys, credit cards, electronically stored documents or files, physical files and any other company property
in Executive's possession. Executive further represents that Executive has not copied, printed or caused to be copied or printed
out any documents or other material originating with or belonging to Lantronix. Notwithstanding the foregoing Executive shall keep
his laptop computer and mobile phone (currently in his name) provided that all Company Data shall be removed by Executive prior
to the Separation Date

 

10.     Cooperation.
The parties agree that certain matters in which Executive has been involved during Executive’s employment may necessitate
Executive's cooperation with Lantronix in the future. Accordingly, for a period of six months following the Separation Date, to
the extent reasonably requested by Lantronix, Executive shall cooperate with Lantronix in connection with matters arising out
of Executive's service to Lantronix; provided that, Lantronix shall make reasonable efforts to minimize disruption of Executive's
other activities. Lantronix shall reimburse Executive for reasonable expenses incurred in connection with such cooperation.

 

11.     Knowing
and Voluntary Acknowledgement. Executive specifically agrees and acknowledges that: (a) Executive has read this Agreement
in its entirety and understands all of its terms; (b) Executive has been advised of and Executive’s right to, and provided
an opportunity to, consult with Executive’s attorney prior to executing this Agreement; (c) Executive knowingly, freely
and voluntarily assents to all of its terms and conditions including, without limitation, the waiver, release and covenants contained
herein; (d) Executive is executing this Agreement, including the waiver and release, in exchange for good and valuable consideration
in addition to anything of value to which Executive is otherwise entitled; (e) Executive is not waiving or releasing rights or
claims that may arise after Executive’s execution of this Agreement; and that (f) Executive understands that the waiver
and release in this Agreement is being requested in connection with the cessation of Executive’s employment with Lantronix.

 

12.     Breach
of Agreement. If Executive breaches any provision of this Agreement, to the maximum extent permitted by applicable law, Lantronix
shall be relieved of all liability and obligations to make any further payments under this Agreement. If either party brings a
claim for breach of the terms of this Agreement, the prevailing party shall be entitled to its reasonable attorneys’ fees
and expenses incurred in prosecuting or defending such an action.

 

13.     Mutual
Arbitration Agreement. Lantronix and Executive agree that any dispute or controversy arising out of, relating to, or in connection
with this Agreement shall be exclusively settled by final and binding arbitration in Orange County, California before a single
arbitrator appointed by the Judicial Arbitration Mediation Service (“JAMS”) and shall be conducted in accordance with
JAMS Streamlined Arbitration Rules & Procedures. The arbitrator may grant any and all injunctions or other relief in such dispute
or controversy. The decision of the arbitrator shall be final, conclusive and binding on the parties to the arbitration. Judgment
may be entered on the arbitrator's decision in any court having jurisdiction thereof. The prevailing party in any arbitration or
action to enforce or interpret this Agreement shall be entitled to an award to recover any and all attorneys' fees, costs and expenses.
Neither party shall disclose the existence of any dispute or the terms of any arbitration decision to any third party, other than
legal counsel, accountants, and financial advisors or as required by applicable law.

  

EXECUTIVE UNDERSTANDS
AND ACKNOWLEDGES THAT THIS PARAGRAPH 13 CONSTITUTES AN EXPRESS WAIVER OF ANY RIGHT TO A TRIAL IN COURT (INCLUDING, WITHOUT LIMITATION,
A JURY TRIAL).

 

 

    	 	5	 

     

    

 

14.     Miscellaneous
Provisions.

 

(A)       This
Agreement and the Consulting Agreement contain the complete, entire understanding of the parties. This Agreement supersedes all
prior and contemporaneous oral and written agreements and discussions with respect to the subject matter hereof; provided, however,
that (i) Executive's surviving obligations under the Confidentiality Agreement and the Consulting Agreement; and (ii) Executive’s
rights under the Inducement Awards and any award agreements pursuant to the Equity Plans, remain in full force and effect in accordance
with their terms and shall remain unaffected by virtue of this Agreement. This Agreement may be amended or modified only by an
agreement in writing. If any provision of this Agreement is determined to be invalid or otherwise unenforceable, then that invalidity
or unenforceability shall not affect any other provision of this Agreement, which shall continue and remain in full force and effect.

 

(B)       All
of the terms and provisions of this Agreement shall be binding upon each of the parties hereto and shall inure to the benefit of
the parties hereto, their heirs, executors, administrators, personal representatives, successors and permitted assigns. Executive
may not assign this Agreement or any right or obligation hereunder without the express and prior written consent of Lantronix.

 

(C)       The
parties agree that this Agreement shall be construed, enforced and governed by the laws of the State of California, excluding its
conflict of laws rules.

 

(D)       Each
of the parties hereto shall execute any and all other documents or instruments necessary or mutually desirable in order to carry
out the provisions of this Agreement in good faith.

 

(E)       No
provision of this Agreement shall be interpreted for or against any party hereto because any such party or any such party's legal
counsel drafted such provision. This Agreement shall be deemed to have been duly drafted and reviewed and review by each of the
parties hereof.

 

(F)       This
Agreement may be executed in one or more counterparts, each of which shall be deemed an original but all of which together shall
constitute one and the same instrument. This Agreement may be executed by delivery of original signature via facsimile or electronic
transmission.

 

(G)       Each
of the parties hereof has been adequately represented by legal counsel or has had adequate opportunity to consult with legal counsel
and has affirmatively chosen to waive the right to do so. Neither party may raise any claim or defense in any interpretation of
this Agreement or otherwise that asserts that: (i) such party was not adequately involved in the drafting and review of this Agreement;
(ii) such party was not adequately represented by legal counsel; (iii) such party did not fully understand each of the terms and
conditions of this Agreement; or (iv) such party did not intend to be legally bound by each and every provision hereof.

 

 

 

 

    	 	6	 

     

    

 

15.    Acknowledgment
of Full Understanding. EXECUTIVE ACKNOWLEDGES AND AGREES THAT EXECUTIVE HAS FULLY READ, UNDERSTANDS AND VOLUNTARILY ENTERS
INTO THIS AGREEMENT. EXECUTIVE ACKNOWLEDGES AND AGREES THAT EXECUTIVE HAS HAD AN OPPORTUNITY TO ASK QUESTIONS AND CONSULT WITH
AN ATTORNEY OF EXECUTIVE’S CHOICE BEFORE SIGNING THIS AGREEMENT. EXECUTIVE FURTHER ACKNOWLEDGES THAT BY SIGNING THIS AGREEMENT
EXECUTIVE IS GIVING UP AND WAIVING IMPORTANT LEGAL RIGHTS.

 

IN WITNESS WHEREOF
the parties have hereby executed this Agreement as of the date written below.

 

 

EXECUTIVE

 

	By:	/s/ Kevin Yoder                                      	 	Date:	1-16-20                         
	 	Kevin Yoder	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	LANTRONIX, INC.	 	 	 
	 	 	 	 	 
	By:	/s/ David Goren                                     	 	Date:	1-16-20                        
	 	David Goren	 	 	 
	 	Vice President HR	 	 	 

 

 

 

 

 

 

    	 	7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00303-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00303-of-00352.parquet"}]]