Document:

EX-10.1

 Exhibit 10.1 

Execution Version 

Decarbonization Plus Acquisition Sponsor II LLC 

c/o Riverstone Holdings LLC 
 712
Fifth Avenue, 36th Floor 
 May 25, 2021 

Decarbonization Plus Acquisition Corporation II 
 2744 Sand Hill
Road 
 Menlo Park, CA 
 Tritium Holdings Pty Ltd. 

48 Miller Street 
 Murarrie, QLD 4172 

 

	Re:	 Sponsor Letter 

Ladies and Gentlemen: 
 This letter (this “Sponsor
Letter”) is being delivered to you in accordance with that Business Combination Agreement, dated as of the date hereof, by and among Decarbonization Plus Acquisition Corporation II, a Delaware corporation
(“SPAC”), Hulk Merger Sub, Inc., a Delaware corporation, Tritium DCFC Limited, an Australian public company limited by shares (“NewCo”) and Tritium Holdings Pty Ltd, an Australian proprietary company
limited by shares (the “Company”) (the “Business Combination Agreement”) and the transactions contemplated therein (the “Business Combination”). Certain
capitalized terms used herein are defined in paragraph 4 hereof. Capitalized terms used but not otherwise defined herein shall have the respective meanings ascribed to such terms in the Business Combination Agreement. 

Decarbonization Plus Acquisition Sponsor II LLC, a Delaware limited liability company (“Sponsor”), currently is the record owner of
9,702,500 SPAC Founder Shares and 7,067,263 outstanding SPAC Warrants, which were acquired in a private placement that occurred simultaneously with the consummation of the SPAC’s initial public offering (the“Private Placement
Warrants” and collectively, the “Sponsor Equity”). 
 In order to induce the Company and SPAC to enter into the
Business Combination Agreement and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

 

	1)	 The Sponsor irrevocably agrees that it shall: 

 

	 	a)	 vote any SPAC Class A Common Stock and SPAC Founder Shares owned by it (all such common stock, the
“Covered Shares”) in favor of the Business Combination and each other proposal related to the Business Combination included on the agenda for the special meeting of stockholders relating to the Business Combination;

  

	 	b)	 when such meeting of stockholders is held, appear at such meeting or otherwise cause the 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 Covered Shares against any Alternative Transaction and any other action that would reasonably be expected to impede, interfere with, delay, postpone or adversely affect the Merger
or any of the other transactions contemplated by the Business Combination Agreement or result in a breach of any covenant, representation or warranty or other obligation or agreement of SPAC under the Business Combination Agreement or result in any
of the conditions set forth in Article IX of the Business Combination Agreement not being fulfilled, result in a breach of any covenant, representation or warranty or other obligation or agreement of the Sponsor contained in this Sponsor
Letter or change in any manner the dividend policy or capitalization of, including the voting rights of, any class of capital stock of SPAC (other than as contemplated by the Business Combination Agreement); 

 

	 	d)	 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 Covered Shares against any change in business, management or Board of Directors of SPAC (other than in connection with the Business Combination and the other
proposals related to the Business Combination); and 

  

	 	e)	 not redeem any SPAC Founder Shares owned by it in connection with such stockholder approval.

 Prior to any valid termination of the Business Combination Agreement, the Sponsor shall take, or cause to be taken, all
actions and to do, or cause to be done, all things reasonably necessary under applicable Laws to consummate the transactions contemplated by this Sponsor Letter. 

The obligations of the Sponsor specified in this paragraph 1 shall apply whether or not the Merger or any action described above is recommended
by the SPAC Board. 
  

	2)	 The Sponsor agrees that it shall not: 

 

	 	a)	 Transfer any SPAC Founder Shares (or NewCo Ordinary Shares issuable upon conversion thereof in the Merger)
until the earlier of (i) one year after the Closing or (ii) subsequent to the Closing, (x) if the last sale price of the NewCo Ordinary Shares equals or exceeds US$12.00 per share (as adjusted for share splits, share dividends,
reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Closing or (y) the date on which NewCo completes a
liquidation, merger, capital stock exchange, reorganization or other similar transaction that results in all of NewCo’s shareholders having the right to exchange their NewCo Ordinary Shares for cash, securities or other property (the
“Founder Shares Lock-up Period”). 

  

	 	b)	 Transfer any Private Placement Warrants or Assumed Warrants (or NewCo Ordinary Shares issued or issuable upon
the exercise of the Assumed Warrants) until 30 days after the Closing (the “Warrants Lock-up Period”). 

 

	 	c)	 Notwithstanding the provisions set forth in paragraphs 2(a) and 2(b), Transfers of the SPAC Founder Shares,
Private Placement Warrants, Assumed Warrants and NewCo Ordinary Shares issued or issuable upon the exercise or conversion of the SPAC Founder Shares and Assumed Warrants and that are held by the Sponsor or any of its permitted transferees (that have
complied with this paragraph 2(c)) are permitted, following the Closing, in accordance with paragraph 7(c) of that certain Letter Agreement, dated February 3, 2021, among the SPAC, its officers and directors and the Sponsor (the
“SPAC Letter Agreement”). 

  
 2 

	3)	 The Sponsor hereby agrees that, during the period commencing on the date hereof and ending at the Closing, the
Sponsor shall not modify or amend any Contract between or among Sponsor, anyone related by blood, marriage or adoption to the Sponsor or any affiliate of the Sponsor (other than SPAC and its Subsidiaries), on the one hand, and SPAC or any of
SPAC’s Subsidiaries, on the other hand. 

  

	4)	 As used herein, (i) “Beneficially Own” has the meaning ascribed to it in
Section 13(d) of the Exchange Act; (ii) “SPAC Founder Shares” shall mean the shares of Class B common stock, par value $0.0001 per share, of the SPAC and the NewCo Ordinary Shares issuable upon conversion of such
shares in connection with the Closing; and (iii) “Transfer” shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or
agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of the Exchange Act, and the rules and regulations
promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction is to
be settled by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention to effect any transaction specified in clause (a) or (b); provided that the exercise of any Private Placement Warrant(s) by the
Sponsor or any permitted transferee of Sponsor, at any time, in the Sponsor or such transferee’s sole and absolute discretion, shall not constitute a “Transfer”. 

 

	5)	 This Sponsor Letter, the SPAC Letter Agreement, the Business Combination Agreement and the other agreements
referenced herein and therein 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,
written or oral, to the extent they relate in any way to the subject matter hereof or the transactions contemplated hereby. This Sponsor Letter may not be changed, amended, modified or waived (other than to correct a typographical error) as to any
particular provision, except by a written instrument executed by all parties hereto. 

  

	6)	 Subject to, and conditioned upon, the occurrence of the Closing, to the fullest extent permitted by Law and the
certificate of incorporation and bylaws of SPAC, Sponsor hereby irrevocably and unconditionally waives and agrees not to assert or perfect any rights to adjustment or other anti-dilution protection with respect to the rate that the SPAC Founder
Shares held by it converts into SPAC Class A Common Stock pursuant to Section 4.3 of the amended and restated certificate of incorporation of SPAC or any other adjustment or anti-dilution protections that arise in connection with the
issuance of NewCo Ordinary Shares (including in connection with the Private Placement) and the other transactions contemplated by the Business Combination Agreement. 

 

	7)	 No party hereto may, except as set forth herein, assign either this Sponsor Letter or any of its rights,
interests, or obligations hereunder, other than in conjunction with transfers permitted by paragraph 2, without the prior written consent of the other parties. Any purported assignment in violation of this paragraph shall be void and ineffectual and
shall not operate to transfer or assign any interest or title to the purported assignee. This Sponsor Letter shall be binding on the Sponsor, SPAC, NewCo and the Company and their respective successors, heirs, personal representatives and assigns
and permitted transferees. 

  
 3 

	8)	 Nothing in this Sponsor Letter shall be construed to confer upon, or give to, any person or corporation other
than the parties hereto any right, remedy or claim under or by reason of this Sponsor Letter or of any covenant, condition, stipulation, promise or agreement hereof. All covenants, conditions, stipulations, promises and agreements contained in this
Sponsor Letter shall be for the sole and exclusive benefit of the parties hereto and their successors, heirs, personal representatives and assigns and permitted transferees. 

 

	9)	 This Sponsor Letter may be executed in any number of original, electronic or facsimile counterparts and each of
such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. 

  

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

  

	11)	 This Sponsor Letter, and all claims or causes of action based upon, arising out of, or related to this Sponsor
Letter 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 conflict of laws to the extent such principles or rules would
require or permit the application of Laws of another jurisdiction. Any Action based upon, arising out of or related to this Sponsor Letter or the transactions contemplated hereby may be brought in federal and state courts located in Wilmington in
the State of Delaware, and each of the parties irrevocably submits to the exclusive jurisdiction of each such court in any such Action, waives any objection it may now or hereafter have to personal jurisdiction, venue or convenience of forum, agrees
that all claims in respect of the Action shall be heard and determined only in any such court, and agrees not to bring any Action arising out of or relating to this Sponsor Letter or the transactions contemplated hereby in any other court. Nothing
herein contained shall be deemed to affect the right of any party to serve process in any manner permitted by Law or to commence legal proceedings or otherwise proceed against any other party in any other jurisdiction, in each case, to enforce
judgments obtained in any Action brought pursuant to this paragraph. The prevailing party in any such Action (as determined by a court of competent jurisdiction) shall be entitled to be reimbursed by the
non-prevailing party for its reasonable expenses, including reasonable attorneys’ fees, incurred with respect to such Action. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO
TRIAL BY JURY IN ANY ACTION BASED UPON, ARISING OUT OF OR RELATED TO THIS SPONSOR LETTER OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

  

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

  

	13)	 This Sponsor Letter shall terminate upon the earlier of (a) the expiration of each of the Warrants Lock-up Period and the Founder Shares Lock-up Period and (b) the termination of the Business Combination Agreement in accordance with its terms prior to the Closing;
provided, that the obligations of Sponsor set forth in paragraph 1 shall terminate immediately following the Closing or upon the earlier termination of the Business Combination Agreement in accordance with its terms prior to the Closing.

  
 4 

	14)	 The Sponsor hereby represents and warrants to SPAC and the Company as follows: (i) it is duly organized,
validly existing and in good standing under the laws of the jurisdiction in which it is organized, and such party has all necessary power and authority to execute, deliver and perform this Sponsor Letter and consummate the transactions contemplated
hereby; (ii) this Sponsor Letter has been duly executed and delivered by the Sponsor and, assuming due authorization, execution and delivery by the other parties to this Sponsor Letter, this Sponsor Letter constitutes a legally valid and
binding obligation of the Sponsor, enforceable against the 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); (iii) the execution and delivery of this Sponsor Letter by the Sponsor does not, and the performance by the Sponsor of its obligations hereunder will not,
(A) conflict with or result in a violation of the organizational documents of the Sponsor, or (B) require any consent or approval that has not been given or other action that has not been taken by any third party (including under any
Contract binding upon the Sponsor or the Sponsor’s SPAC Founder Shares or Private Placement Warrants, as applicable), in each case, to the extent such consent, approval or other action would prevent, enjoin or materially delay the performance
by the Sponsor its obligations under this Sponsor Letter; (iv) there are no Actions pending against the Sponsor or, to the knowledge of the Sponsor, threatened against the 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 the Sponsor of its obligations under this Sponsor Letter; (v) except for fees described on
Section 5.11 of the SPAC Disclosure Schedules, no financial advisor, investment banker, broker, finder or other similar intermediary is entitled to any fee or commission from the Sponsor or its controlled affiliates in connection with the
Business Combination Agreement or the transactions contemplated thereby based upon any arrangement or agreement made by the Sponsor or its controlled affiliates for which SPAC or any of its controlled affiliates or, following the Closing, the
Company, NewCo or any of their controlled affiliates, would have any obligations or liabilities of any kind or nature; (vi) the Sponsor has had the opportunity to read the Business Combination Agreement and this Sponsor Letter and has had the
opportunity to consult with its tax and legal advisors; (vii) the Sponsor has not entered into, and shall not enter into, any agreement that would restrict, limit or interfere with the performance of the Sponsor’s obligations hereunder;
(viii) the Sponsor has good title to all such SPAC Founder Shares and Private Placement Warrants, and there exist no Liens or any other limitation or restriction (including, without limitation, any restriction on the right to vote, sell or
otherwise dispose of such SPAC Founder Shares or Private Placement Warrants) affecting any such SPAC Founder Shares or Private Placement Warrants, other than pursuant to (A) this Sponsor Letter, (B) the amended and restated certificate of
incorporation of SPAC, (C) the Business Combination Agreement, (D) the Amended and Restated Limited Liability Company Agreement of the Sponsor, (E) the Letter Agreement or (F) any applicable securities laws; and (x) the
Sponsor Equity are the only SPAC Founder Shares, Private Placement Warrants or other equity securities of SPAC Beneficially Owned by the Sponsor as of the date hereof. 

 

	15)	 The Sponsor hereby agrees and acknowledges that: (i) SPAC and, prior to any valid termination of the
Business Combination Agreement, the Company would be irreparably injured in the event of a breach by the Sponsor of its obligations under paragraphs 1 and 2, as applicable, of this Sponsor Letter, (ii) monetary damages may not be an adequate
remedy for such breach and (iii) the non-breaching party shall be entitled to injunctive relief, in addition to any other remedy that such party may have in law or in equity, in the event of such breach.
The Sponsor shall also be entitled to seek injunctive relief, in addition to any other remedy that such parties may have in law or in equity, in the event of a breach under this Sponsor Letter. 

  
 5 

	16)	 If, and as often as, (a) there is any stock split, stock dividend, combination or reclassification that
results in the Sponsor acquiring new SPAC Founder Shares, SPAC Class A Common Stock, Private Placement Warrants or other equity securities of SPAC, (b) the Sponsor purchases or otherwise acquires Beneficial Ownership of any SPAC Founder
Shares, Private Placement Warrants, SPAC Class A Common Stock or other equity securities of SPAC after the date of this Sponsor Letter, or (c) Sponsor acquires the right to vote or share in the voting of any SPAC Founder Shares, SPAC
Class A Common Stock or other equity securities of SPAC after the date of this Sponsor Letter, then, in each case, such SPAC Founder Shares, SPAC Class A Common Stock, Private Placement Warrants and other equity securities of SPAC acquired
or purchased by the Sponsor shall be subject to the terms of this Sponsor Letter; provided, however, that the terms of paragraph 2 shall only apply to SPAC Founder Shares and Private Placement Warrants. 

 

	17)	 Each of the parties hereto agrees to execute and deliver hereafter any further document, agreement or
instrument of assignment, transfer or conveyance as may be necessary or desirable to effectuate the purposes hereof and as may be reasonably requested in writing by another party hereto. 

[Signature page follows.] 

  
 6 

 
			
	Sincerely,
	
	DECARBONIZATION PLUS ACQUISITION SPONSOR II LLC
		
	By:	 	 /s/ Peter Haskopoulos

		 	Name: Peter Haskopoulos
		 	Title: Officer

  

			
	Acknowledged and Agreed:
	
	DECARBONIZATION PLUS ACQUISITION CORPORATION II
		
	By:	 	 /s/ Peter Haskopoulos

		 	Name: Peter Haskopoulos
		 	Title: Chief Financial, Chief Accounting Officer and Secretary
	
	Acknowledged and Agreed:
	
	TRITIUM HOLDINGS PTY LTD.
		
	By:	 	 /s/ Trevor St Baker

		 	Name: Trevor St Baker
		 	Title: Chairman
		
	By:	 	 /s/ Mark Anning

		 	Name: Mark Anning
		 	Title: Company Secretary
	
	Acknowledged and Agreed:
	
	TRITIUM DCFC LIMITED
		
	By:	 	 /s/ Trevor St Baker

		 	Name: Trevor St Baker
		 	Title: Chairman
		
	By:	 	 /s/ Mark Anning

		 	Name: Mark Anning
		 	Title: Company Secretary

  
 7EX-10.2

 Exhibit 10.2 

St Baker Energy Holdings Pty Ltd as trustee for 
 the St Baker
Energy Innovation Trust 
 Ilwella Pty Ltd 
 Varley Holdings
Pty. Limited 
 Finnmax Pty Ltd as trustee for The Finn Family Trust 

Tritium DCFC Limited 
 Decarbonization Plus Acquisition
Corporation II 
 Commitment Agreement 
  

 

 Corrs Chambers Westgarth 
  

 Contents 
  

							
	1	  	 Definitions
	  	 	2	 
			
	2	  	 Share Transfer Agreement; Cooperation
	  	 	5	 
		  	 2.1 Share Transfer Agreement
	  	 	5	 
		  	 2.2 Cooperation
	  	 	5	 
			
	3	  	 Voting
	  	 	5	 
			
	4	  	 Transfers
	  	 	6	 
			
	5	  	 Exclusivity
	  	 	7	 
			
	6	  	 Confidentiality
	  	 	7	 
			
	7	  	 Representations and warranties
	  	 	9	 
			
	8	  	 Termination
	  	 	10	 
			
	9	  	 Notices
	  	 	10	 
		  	 9.1 General
	  	 	10	 
		  	 9.2 Particulars for delivery of notices
	  	 	10	 
		  	 9.3 Communication by post
	  	 	11	 
		  	 9.4 Communication by email
	  	 	11	 
		  	 9.5 After hours communication
	  	 	11	 
			
	10	  	 General
	  	 	12	 
		  	 10.1 Variation
	  	 	12	 
		  	 10.2 No assignment
	  	 	12	 
		  	 10.3 Damages inadequate
	  	 	12	 
		  	 10.4 Costs
	  	 	12	 
		  	 10.5 Counterparts
	  	 	12	 
		  	 10.6 Construction
	  	 	12	 
		  	 10.7 Governing law and jurisdiction
	  	 	12	 
		
	 Schedule 1 – Consortium Shareholders
	  	 	13	 
		
	 Schedule 2 – Share Transfer Agreement
	  	 	14	 
		
	 Execution
	  	 	15	 

  
  

 

 Corrs Chambers Westgarth 
  

 25 May 2021 

Parties 
 St Baker Energy Holdings Pty Ltd (ACN 010 165
554) as trustee for the St Baker Energy Innovation Trust (ABN 60 715 308 891) (St Baker) 
 Ilwella Pty Ltd (ACN 003 220 371) (Ilwella)

 Varley Holdings Pty. Limited (ACN 008 464 935) (Varley) 

Finnmax Pty Ltd (ACN 625 001 863) as trustee for The Finn Family Trust (ABN 14 920 868 541) (Finnmax) 

Tritium DCFC Limited (ACN 650 026 314) (NewCo) 

Decarbonization Plus Acquisition Corporation II, a Delaware corporation (SPAC) 

Background 
  

	A	 Concurrently with the execution of this Agreement, NewCo, SPAC, Tritium and Merger Sub are entering into a
Business Combination Agreement, dated the date hereof (as amended, supplemented, restated or otherwise modified from time to time, the Business Combination Agreement), pursuant to which, among other things, Merger Sub will merge with and into
DCRN (the Merger) with DCRN surviving the Merger as a wholly owned subsidiary of NewCo. 

  

	B	 As at the date hereof, each Consortium Shareholder is the legal and beneficial owner of such number of Shares
as are set forth opposite its name in Schedule 1 (the Existing Shares) and, collectively, with any Shares subsequently acquired, whether pursuant to purchase or otherwise and including any Shares that any of the Consortium Shareholders have
the right to vote or share in the voting of (the Covered Shares). 

  

	C	 As a condition and inducement to SPAC entering into the Business Combination Agreement, SPAC has required that
each Consortium Shareholder agree, and each Consortium Shareholder has agreed, to enter into this Agreement. 

  
  

page 1 

 Corrs Chambers Westgarth 
  

 Agreed terms 
  

	1	 Definitions 

In this document these terms have the following meanings: 
  

			
	 Affiliate
	  	 in relation to a person, means:

 
 (a)   a shareholder of the
person;
  
 (b)   a director,
secretary or officer of the person; or a Related Body Corporate or a Related Entity of the person.

		
	 Agreement
	  	 This Commitment Agreement.

		
	 Alternative Transaction
	  	 with respect to Tritium:
  

(a)   the issuance, sale or transfer to or investment by any person in any newly issued or currently
outstanding equity interest in Tritium;
  

(b)   the sale or transfer of the assets of Tritium and its subsidiaries to any person; and

 
 (c)   any merger or business
combination between Tritium or any of its subsidiaries, on the one hand, and any other person, on the other hand, other than:
  

(d)   in the cases of clauses (a) and (b), with respect to any de minimis transfers of equity
interests or assets or any issuance, sale, transfer, investment of equity interests or assets permitted by the terms of this agreement;
  

(e)   in the case of clause (a), the issuance of any newly issued equity interest in the Company as
part of a capital raising of up to approximately $35 million in or around June 2021;
  

(f)   in the case of clause (a), the issuance of any newly issued equity interest in the Company as
part of a capital raising of up to approximately $20 million in or around December 2021;
  

(g)   in the case of clause (a), the issuance of any newly issued equity interest in the Company
where the directors of the Company determine that an injection of funds is reasonably necessary to ensure that the Company is able to pay its debts (and the debts of its subsidiaries) as and when they fall due;

 
 (h)   in the case of clause
(a), the issuance of any newly issued convertible notes which will convert into ordinary shares in the Company as part of a capital raising of up to approximately $75 million;

 
 (i) any such sale or transfer made in
accordance with clause 19 of the Shareholders’ Deed;

  
  

page 2 

 Corrs Chambers Westgarth 
  

			
		  	 (j) as approved by SPAC in writing,

 
 provided that, any such issuance pursuant to the foregoing clauses
(d) to (h) must be conditional on (i) any persons receiving equity interests in the Company acceding to the Shareholders’ Deed (if such person is not an existing shareholder of the Company and already a party to the Shareholders’
Deed), (ii) copies of all transaction documents of such issuance are promptly provided to SPAC, and (iii) the Company having otherwise complied with the requirements under clause 2.4 of the Share Transfer Agreement (if such person is not an
existing shareholder of the Company and already a party to the Share Transfer Agreement) and that after such issuance:
  

(k)   the Consortium Shareholders shall continue to hold at least 50% of the C/Ord Shares (as
defined in the Shareholders’ Deed) such that the Consortium Shareholders can issue and maintain the Exit Notice pursuant to clause 13 of the Shareholders’ Deed in connection with the transactions contemplated under the Business Combination
Agreement; or
  
 (l) a requisite number of
C/Ord Shareholders accede to this Agreement to become a “Consortium Shareholder” such that (i) the Consortium Shareholders shall continue to hold at least 50% of the C/Ord Shares (as defined in the Shareholders’ Deed) and
(ii) can issue and maintain the Exit Notice pursuant to clause 13 of the Shareholders’ Deed in connection with the transactions contemplated under the Business Combination Agreement.

		
	 Business Combination Agreement
	  	Has the meaning given in Recital A.
		
	 Business Days
	  	A day which is not a Saturday, Sunday or bank or public holiday in Queensland, Australia.
		
	 C/Ord Shareholders
	  	Holders of C class shares and ordinary shares in the capital of Tritium.
		
	 Consortium Shareholders
	  	St Baker, Ilwella, Varley and Finnmax and each a Consortium Shareholder.
		
	 Covered Shares
	  	Has the meaning given in Recital A.
		
	 Effective Date
	  	The date upon which the Registration Statement / Proxy Statement becomes effective.

  
  

page 3 

 Corrs Chambers Westgarth 
  

			
		
	 Encumbrance
	  	Any mortgage, pledge, lien, charge, assignment, security interest, title retention, preferential right or trust arrangement and any other security agreement or arrangement securing obligations or liabilities, whether absolute or
contingent and includes a security interest under the PPSA.
		
	 Existing Shares
	  	Has the meaning given in Recital A.
		
	 Exit Notice
	  	Has the meaning given in the Shareholders’ Deed.
		
	 Merger
	  	Has the meaning given in Recital A.
		
	 Merger Sub
	  	Hulk Merger Sub, Inc., a Delaware corporation
		
	 Permitted Transfer
	  	A transfer of Covered Shares by a Consortium Shareholder to any Affiliate of a Consortium Shareholder if the transferee of such Covered Shares evidences in writing reasonably satisfactory to SPAC such transferee’s agreement to
be bound by and subject to the terms of this Agreement to the same effect as such transferring Consortium Shareholder.
		
	 PPSA
	  	Personal Property Securities Act 2009 (Cth)
		
	 Registration Statement / Proxy Statement
	  	The registration statement on Form F-4 relating to the transactions contemplated in the Business Combination Agreement filed by NewCo with the Securities and Exchange
Commission.
		
	 Representative
	  	A person’s officers, directors, employees, accountants, consultants, legal counsel, agents and other representatives.
		
	 Related Bodies Corporate
	  	Has the meaning given in the Corporations Act.
		
	 Related Entity
	  	has the meaning given in the Corporations Act.
		
	 Security Interest
	  	Has the meaning given in the PPSA.
		
	 Share Transfer Agreement
	  	The Share Transfer Agreement substantially in the form set out in Schedule 2 of this Agreement.
		
	 Shareholders’ Deed
	  	The amended and restated shareholders’ deed of the Company dated 30 August 2019.
		
	 Shares
	  	Shares in the capital of Tritium.
		
	 SPAC Opportunity
	  	An opportunity comprising the potential acquisition of Tritium by NewCo on the terms set out in the Business Combination Agreement.
		
	 Tritium or Company
	  	Tritium Holdings Pty Ltd ACN 145 324 910.

  

  
  

page 4 

 Corrs Chambers Westgarth 
  

	2	 Share Transfer Agreement; Cooperation 

 

	2.1	 Share Transfer Agreement 

Within two Business Days after the Effective Date: 
  

	 	(a)	 each Consortium Shareholder must duly execute and deliver the Share Transfer Agreement to the SPAC; and

  

	 	(b)	 the Consortium Shareholders must cause any two directors of Tritium to, pursuant to the power of attorney
granted under clause 8.5 of the Shareholders’ Deed, duly execute, on behalf of each Shareholder (as defined under the Shareholders’ Deed) and Employee Party (as defined under the Shareholders’ Deed) who has not executed on their own
behalf, and deliver the Share Transfer Agreement to the SPAC. 

  

	2.2	 Cooperation 

During the term of this Agreement, each Consortium Shareholder irrevocably and unconditionally agrees to: 

 

	 	(a)	 maintain the Exit Notice issued by the Consortium Shareholders on or around 17 May 2021 in connection with
the transactions contemplated under the Business Combination Agreement; 

  

	 	(b)	 use reasonable endeavours to cooperate with NewCo and SPAC to consummate the transactions contemplated under
the Business Combination Agreement and the Share Transfer Agreement; and 

  

	 	(c)	 refrain from taking any action that would cause Tritium to be in breach of, the Business Combination Agreement
or the Share Transfer Agreement including, without limitation, any actions that would cause any of the conditions precedent under each of those agreements to not be satisfied by the Outside Date (as defined in the Business Combination Agreement).

  

	3	 Voting 

  

	 	(a)	 Each Consortium Shareholder irrevocably and unconditionally undertakes to exercise all voting rights attaching
to the Covered Shares to vote in favour of: 

  

	 	(i)	 any resolution approving the SPAC Opportunity; 

 

	 	(ii)	 any resolution submitted to the Tritium shareholders pursuant to the Business Combination Agreement; and

  

	 	(iii)	 any resolution otherwise necessary for the consummation of the transactions contemplated by the Business
Combination Agreement, 

 during the term of this Agreement. 

  
  

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	 	(b)	 Each Consortium Shareholder irrevocably and unconditionally undertakes to exercise all voting rights attaching
to the Covered Shares to vote against or withhold consent to: 

  

	 	(i)	 any resolution approving any Alternative Transaction; and 

 

	 	(ii)	 any resolution submitted to the Tritium shareholders to take any action that would be reasonably likely to
conflict, prohibit or delay the consummation of the transactions contemplated by the Business Combination Agreement, including any action or agreement that would be reasonably likely to result in any conditions under Article IX of the Business
Combination Agreement not being fulfilled. 

  

	 	(c)	 Each Consortium Shareholder represents and warrants that, except for this Agreement and the Shareholders’
Deed, the Consortium Shareholder has not: 

  

	 	(i)	 entered into, and shall not enter into at any time during the term of this Agreement remains in effect, any
voting agreement, voting trust or similar arrangement with respect to any Covered Shares; and 

  

	 	(ii)	 granted, and shall not grant at any time during the term of this Agreement a proxy, consent of power of
attorney with respect to any Covered Shares other than to the extent already granted under the Shareholders’ Deed. 

  

	4	 Transfers 

During the term of this Agreement, each Consortium Shareholder agrees not to: 

 

	 	(a)	 offer to transfer, transfer or consent to transfer any of the Covered Shares or any voting interest therein,
unless such transfer is a Permitted Transfer; 

  

	 	(b)	 enter into any agreement, arrangement or understanding with any person, or take any action, that violates or
conflicts with such Consortium Shareholder’s obligations under this Agreement or the Share Transfer Agreement; or 

  

	 	(c)	 take any action that would restrict such Consortium Shareholder’s legal power, authority and right to
comply with and perform its obligations under this Agreement or the Share Transfer Agreement. 

  
  

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	5	 Exclusivity 

  

	 	(a)	 The Consortium Shareholders shall not, and shall cause their respective Affiliates and its and their respective
Representatives not to, directly or indirectly: 

  

	 	(i)	 enter into, solicit, initiate or continue any discussions or negotiations with, or encourage or respond to any
inquiries, indications of interest, offers or proposals by, or participate in any negotiations with, or provide any information to, or otherwise cooperate in any way with, any person or other entity or “group” within the meaning of
Section 13(d) of the United States Securities Exchange Act of 1934, as amended, concerning an Alternative Transaction; 

  

	 	(ii)	 enter into any agreement regarding, continue or otherwise participate in any discussions regarding, or furnish
to any person any information with respect to, or cooperate in any way that would otherwise reasonably be expected to lead to, any Alternative Transaction; or 

 

	 	(iii)	 commence, continue or renew any due diligence investigation regarding any Alternative Transaction,

 provided that the execution, delivery and performance of this agreement and the Business Combination Agreement and the
consummation of the transactions contemplated hereby and thereby shall not be deemed a violation of this clause. 
  

	 	(b)	 Each Consortium Shareholder shall, and shall cause its Affiliates and their respective Representatives to,
immediately cease any and all existing discussions or negotiations with any person conducted prior to entering into this agreement with respect to any Alternative Transaction. 

 

	 	(c)	 If a Consortium Shareholder or its Representative receives any inquiry or proposal with respect to an
Alternative Transaction at any time prior to the completion of the transactions contemplated under the Business Combination Agreement, then such Consortium Shareholder shall promptly (and in no event later than twenty-four (24) hours after such
Consortium Shareholder becomes aware of such inquiry or proposal) notify such person in writing that such Consortium Shareholder is subject to an exclusivity agreement with respect to the transactions contemplated under this agreement that prohibits
such Consortium Shareholder from considering such inquiry or proposal. Without limiting the foregoing, the Consortium Shareholders agree that any violation of the restrictions set forth in this clause by a Consortium Shareholder or any of its
Affiliates or their respective Representatives shall be deemed to be a breach of this clause by such Consortium Shareholder. 

  

	6	 Confidentiality 

 

	 	(a)	 Each Consortium Shareholder (recipient) must keep secret and confidential, and must not divulge or
disclose any information relating to another party or its business (which is disclosed to the recipient by the other party, its representatives or advisers), this agreement or the terms of the transactions contemplated under the Business Combination
Agreement other than to the extent that: 

  

	 	(i)	 the information is in the public domain as at the date of this agreement (or subsequently becomes in the public
domain other than by breach of any obligation of confidentiality binding on the recipient); 

  
  

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	 	(ii)	 the recipient is required to disclose the information by applicable law (other than under section 275 of the
PPSA to the extent that disclosure is not required under that section if it would breach a duty of confidence) or the rules of any recognised stock exchange on which its shares or securities or the shares or securities of any of its Related Bodies
Corporate are listed or proposed to be listed, provided that the recipient has to the extent possible having regard to the required timing of the disclosure consulted with the provider of the information as to the form and content of the disclosure
and must disclose only the minimum information required to comply with the applicable law or rule; 

  

	 	(iii)	 the disclosure is made by the recipient to its financiers or lawyers, accountants, investment bankers,
consultants or other professional advisers to the extent necessary to enable the recipient to properly perform its obligations under this agreement or to conduct their business generally, in which case the recipient must ensure that such persons
keep the information secret and confidential and do not divulge or disclose the information to any other person; 

  

	 	(iv)	 the disclosure is required for use in legal proceedings regarding this agreement or the transactions
contemplated under this agreement; 

  

	 	(v)	 the party to whom the information relates has consented in writing before the disclosure; or

  

	 	(vi)	 the disclosure is otherwise permitted by this agreement or is necessary to enable recipient to give effect to,
or exercise any rights or powers it has under or in connection with the transactions contemplated under this agreement. 

  

	 	(b)	 Each recipient must ensure that its directors, officers, employees, agents, representatives, advisers and
Related Bodies Corporate comply in all respects with the recipient’s obligations under this clause 7. 

  

	 	(c)	 Nothing in this agreement is to be construed as constituting the consent of a party, with respect to a Security
Interest created by this agreement, to the disclosure of the terms of this agreement for the purpose of section 275(7) of the PPSA. No party who is the grantor of a Security Interest under this agreement will, after the date of this agreement,
consent to the disclosure of the terms of this agreement to an interested person for the purpose of section 275 of the PPSA. 

  
  

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	 	(d)	 To the extent not prohibited by the PPSA, each party that is the grantor of a Security Interest under this
agreement waives its right to receive any notice otherwise required to be given by a secured party under section 157 (verification statements) or any other provision of the PPSA. 

 

	7	 Representations and warranties 

Each Consortium Shareholder represents and warrants to the SPAC and NewCo as follows: 

 

	 	(a)	 it has the legal right and full corporate power and capacity to: 

 

	 	(i)	 execute and deliver this Agreement; and 

 

	 	(ii)	 perform its obligations under this Agreement and the transactions effected by or made under this Agreement,

 and has obtained all necessary authorisations and consents and taken all other actions necessary to enable it do so;

  

	 	(b)	 this Agreement constitutes its valid and legally binding obligations and is enforceable against it by any other
party in accordance with its terms; 

  

	 	(c)	 its execution and delivery of, and compliance with its obligations under, this Agreement does not contravene:

  

	 	(i)	 any law to which it or any of its property is subject or any order or directive from a government body binding
on it or any of its property; or 

  

	 	(ii)	 its constituent documents, any agreement or instrument to which it is a party or any obligation to any other
person; 

  

	 	(d)	 each Consortium Shareholder is the legal and beneficial owner of the Existing Shares specified opposite the
name of that Consortium Shareholder in Schedule 1 and there is no Encumbrance or other third party right over any of the Existing Shares (other than as created by this Agreement); 

 

	 	(e)	 the Consortium Shareholders together own at least 50% of the C/Ord Shares (as defined under the
Shareholders’ Deed); 

  

	 	(f)	 as at the date of this Agreement, the Existing Shares constitute all of the Shares legally or beneficially
owned by the Consortium Shareholders; and 

  

	 	(g)	 each Consortium Shareholder has the sole right and authority to vote and dispose (subject to the
Shareholders’ Deed) of the Covered Shares. 

  
  

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	8	 Termination 

This Agreement shall terminate on the earlier of: 
  

	 	(a)	 the date on which closing occurs under the Business Combination Agreement; 

 

	 	(b)	 the date on which the Business Combination Agreement is terminated in accordance with its terms; and

  

	 	(c)	 the date on which any amendment of, modification to, or waiver under the Business Combination Agreement is
entered into or given that is adverse in any material respect to a Consortium Shareholder, without such Consortium Shareholder’s prior written consent. 

  

	9	 Notices 

  

	9.1	 General 

Any communication relating to this document must be in writing in English. 

 

	9.2	 Particulars for delivery of notices 

Each communication (including each notice, consent, approval, request and demand) under or in connection with this Agreement must be addressed
as follows (or as otherwise notified by that party to each other party from time to time): 
 if to SPAC: 

Decarbonization Plus Acquisition Corporation II 

2744 Sand Hill Road 
 Menlo Park,
CA 
 (212) 993-0076 

Attention: Erik Anderson, Peter Haskopoulos and Robert Tichio 

Email: erik@wrg.vc, phaskopoulos@riverstonellc.com, 

rtichio@riverstonellc.com 

if to NewCo: 
 Tritium DCFC
Limited 
 48 Miller Street 

Murarrie QLD 4172 
 Attention:
Mark Anning 
 Email: manning@tritium.com.au 

if to St Baker: 
 St Baker Energy
Holdings Pty Ltd 
 c/-EWM Group Pty Ltd 

Level 11, 344 Queen Street 

Brisbane QLD 4000 
 Attention:
Trevor St Baker 
 Email: tstbaker@stbenergy.com.au 

  
  

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 if to Ilwella: 

Ilwella Pty Ltd 
 Unit 980, 1
Newstead Terrace 
 Newstead QLD 4006 

Attention: Brian Flannery 
 Email:
bflannery@whiteenergyco.com 
 if to Varley: 

Varley Holdings Pty. Limited 
 21
School Drive 
 Tomago NSW 2322 

Attention: Jeffrey Phillips 

Email: jeff.phillips@varleygroup.com 

if to Finnmax: 
 Finnmax Pty Ltd

 84 Harold Street 
 Holland
Park QLD 4121 
 Attention: David Finn 

Email: dfinn@tritium.com.au 
  

	9.3	 Communication by post 

Subject to clause 9.5, a communication is given if posted: 

 

	 	(a)	 within Australia to an Australian postal address, three Business Days after posting; or 

 

	 	(b)	 outside of Australia to an Australian postal address or within Australia to an address outside of Australia,
ten Business Days after posting. 

  

	9.4	 Communication by email 

Subject to clause 9.5, a communication is given if sent by email, when a delivery confirmation report is received by
the sender, unless subsequently the sender receives a delivery failure notification, indicating that the electronic mail has not been delivered. 
  

	9.5	 After hours communication 

If a communication is given: 
  

	 	(a)	 after 5.00 pm in the place of receipt; or 

 

	 	(b)	 on a day which is a Saturday, Sunday or bank or public holiday in the place of receipt, 

it is taken as having been given at 9.00 am on the next day which is not a Saturday, Sunday or bank or public holiday in that place. 

  
  

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	10	 General 

  

	10.1	 Variation 

No provision of this document may be varied other than in writing executed by the parties to this document. 

 

	10.2	 No assignment 

No party may assign, transfer, charge or deal in any other way with the benefit of any right (or agree to do so), or create or declare (or
agree to do so), or allow to arise, any trust in respect of the benefit of any right conferred by or arising under this document without the prior consent in writing of the other party. 

 

	10.3	 Damages inadequate 

The Consortium Shareholders acknowledge that damages will be inadequate compensation for a breach of this Agreement and, subject to the
court’s discretion, SPAC or any Related Bodies Corporate of SPAC may seek specific performance, injunctive relief or similar remedy as a remedy for any conduct or threatened conduct that is or would be a breach of this Agreement in addition to
any other remedies available at law or in equity under or independently of this Agreement. 
  

	10.4	 Costs 

The parties agree to pay their own legal and other costs and expenses in connection with the preparation, execution and completion of this
document. 
  

	10.5	 Counterparts 

This document may be executed in any number of counterparts. All counterparts together will be taken to constitute one document. 

 

	10.6	 Construction 

In this document: 
  

	 	(a)	 any schedule to it is an integral part of it and any reference to this document includes a reference to that
schedule; 

  

	 	(b)	 the headings in it are used for ease of reference only and are not to be taken into account for the purposes of
construing it; 

  

	 	(c)	 any reference to it or any other agreement, contract, document or instrument includes any variation or
replacement of any of them; 

  

	 	(d)	 any references to any clause, schedule and provision are references to that clause, schedule and provision
contained in it; and 

  

	 	(e)	 the words ‘including’, ‘include’ and ‘includes’ are to be construed without
limitation. 

  

	10.7	 Governing law and jurisdiction 

This document is governed by the laws applicable in Queensland, Australia and each party submits to the
non-exclusive jurisdiction of the courts exercising jurisdiction in Queensland, Australia and any court competent to hear appeals from any of those courts. 

  
  

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 Corrs Chambers Westgarth 
  

 Schedule 1 

Consortium Shareholders 
  

			
	 Shareholder
	  	 Existing Shares

	St Baker	  	19,088,667 ordinary shares 
1,360,497 C class shares
		
	Varley	  	13,370,770 ordinary shares 
1,080,504 C class shares
		
	Ilwella	  	7,292,504 ordinary shares 
605,606 C class shares
		
	Finnmax	  	3,740,000 ordinary shares 
381,709 N class shares

  
  

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 Schedule 2 

Share Transfer Agreement 

  
  

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 Corrs Chambers Westgarth 
  

 Execution 

Executed as an agreement. 
 Executed by
Decarbonization Plus Acquisition Corporation II: 
  

			
	By:	 	/s/ Peter Haskopoulos
	Name:  	 	Peter Haskopoulos
	Title:	 	Chief Financial Officer,
Chief Accounting Officer and Secretary

  
  

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	 Executed in accordance with section 127

of the Corporations Act 2001 (Cth) by 
 Tritium
DCFC Limited:
	 		  	
			
	/s/ Trevor St Baker	 		  	/s/ Mark Anning
	Director Signature	 		  	Secretary Signature
			
	Trevor St Baker	 		  	Mark Anning
	Print Name	 		  	Print Name

  
  

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	Executed in accordance with section 127 of the Corporations Act 2001 (Cth) by St Baker Energy Holdings Pty Ltd as trustee for the St Baker Energy Innovation Trust:	 		 	
			
	/s/ Trevor St Baker	 		 	/s/ Stephen St Baker
	Director Signature	 		 	Director/Secretary Signature
			
	Trevor St Baker	 		 	Stephen St Baker
	Print Name	 		 	Print Name

  
  

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 Corrs Chambers Westgarth 
  

					
	Executed in accordance with section 127 of the Corporations Act 2001 (Cth) by Ilwella Pty Ltd:	 		 	
			
	/s/ Brian Flannery	 		 	/s/ Peggy Flannery
	Director Signature	 		 	Director Signature
			
	Brian Flannery	 		 	Peggy Flannery
	Print Name	 		 	Print Name

  
  

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	Executed in accordance with section 127 of the Corporations Act 2001 (Cth) by Varley Holdings Pty. Limited:	 		 	
			
	/s/ Jeff Phillips	 		 	/s/ Justin Anthony England
	Director Signature	 		 	Secretary Signature
			
	Jeff Phillips	 		 	Justin Anthony England
	Print Name	 		 	Print Name

  
  

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 Corrs Chambers Westgarth 
  

	
	Executed by Finnmax Pty Ltd as trustee for The Finn Family Trust:
	
	/s/ Zoe Finn
	Sole Director Signature
	
	Zoe Finn
	Print Name

  
  

page 20

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