Document:

Exhibit 10.2

 

FORM
OF

 

SHARE
CONSIDERATION AND LOAN TRANSFER AGREEMENT

 

This
SHARE CONSIDERATION AND LOAN TRANSFER AGREEMENT (this “Agreement”) is entered
into as of [●], by and among Bosch Thermotechnik GmbH, based in Wetzlar and entered in the commercial register of the Wetzlar Local
Court under HRB 13 (“Bosch”), Robert Bosch Gesellschaft mit beschränkter
Haftung, based in Stuttgart and entered in the commercial register of the Stuttgart Local Court under HRB 14000 (“Robert Bosch”),
ads-tec Holding GmbH, based in Nürtingen and entered in the commercial register of the Stuttgart Local Court under HRB 224527 (“ADSH”)
and ads-tec Energy plc, an Irish public limited company duly incorporated under the laws of Ireland (“Irish
Holdco”).

 

WHEREAS,
this Agreement is entered into pursuant to and in connection with that certain Business Combination Agreement, dated as of [●]
(as amended, supplemented, restated or otherwise modified from time to time, the “BCA”), by and among European Sustainable
Growth Acquisition Corp., an exempted company incorporated in the Cayman Islands with limited liability under company number 367833 (“SPAC”),
Irish Holdco, EUSG II Corporation, an exempted company incorporated in the Cayman Islands with limited liability under company number
379118 (“New SPAC”), Bosch, ADSH and ads-tec Energy GmbH, based in Nürtingen and entered in the commercial register
of the Stuttgart Local Court under HRB 762810 (the “Company”), a copy of which is attached hereto as Schedule I,
pursuant to which, among other things, SPAC and the Company shall enter into a business combination;

 

WHEREAS,
in connection with the transactions contemplated by the BCA, (a) Bosch desires to transfer as contribution to Irish Holdco, and Irish
Holdco desires to accept from Bosch, the Company Shares with the consecutive numbers [●] through [●], (the “Bosch
Contributed Shares”), (b) ADSH desires to transfer as contribution to Irish Holdco, and Irish Holdco desires to accept from
ADSH, the Company Shares with the consecutive numbers [●] through [●] (the “ADSH Contributed Shares”,
and together with the Bosch Contributed Shares, the “Contributed Shares”);

 

WHEREAS,
in connection with the transactions contemplated by the BCA, (a) [Bosch party] desires to sell, assign and otherwise convey to Irish
Holdco, and Irish Holdco desires to purchase all right, title and interest of [Bosch party] in and to the Purchased Loans owed by the
Company to [Bosch party] outstanding as of the Closing and set forth on Exhibit A-1 (the “Bosch Purchased Loans”)
and (b) ADSH desires to sell, assign and otherwise convey to Irish Holdco, and Irish Holdco desires to purchase all right, title and
interest of ADSH in and to the Purchased Loans owed by the Company to ADSH outstanding as of the Closing and set forth on Exhibit
B-1 (the “ADSH Purchased Loans”), upon the terms and subject to the conditions set forth in this Agreement; and

 

WHEREAS,
in connection with the transactions contemplated by the BCA, (a) Robert Bosch desires to sell, assign and otherwise convey
to Irish Holdco, and Irish Holdco desires to purchase all right, title and interest of [Bosch party] in and to and the loans constituting
the Additional Financing owed by the Company to Robert Bosch outstanding as of the Closing and set forth on Exhibit A-2 (the “Bosch
Additional Financing Loans”), and (b) [ADSH party] desires to sell, assign and otherwise convey to Irish Holdco,
and Irish Holdco desires to purchase all right, title and interest of [ADSH party] in and to the loans constituting the Additional Financing
owed by the Company to [ADSH party] outstanding as of the Closing and set forth on Exhibit B-2 (the “ADSH Additional
Financing Loans”), upon the terms and subject to the conditions set forth in this Agreement.

 

    1

     

    

 

NOW,
THEREFORE, in consideration of the premises and mutual covenants contained herein and in the BCA, the parties hereto agree as follows:

 

ARTICLE
1

THE TRANSACTION

 

1.1 Application
of Terms of BCA and Interpretation.

 

(a) This
Agreement is being entered into pursuant to and in connection with the BCA and references in this Agreement to the BCA are to the BCA
as amended, restated or modified from time to time in accordance with the terms thereof.

 

(b) Capitalized
terms used in this Agreement but not otherwise defined herein have the meanings ascribed thereto in the BCA.

 

(c) It
is the intention of the parties that this Agreement be consistent with the terms of the BCA. Unless expressly provided otherwise in this
Agreement, in the event of any conflict or inconsistency between the terms of the BCA and the terms hereof, the terms of the BCA will
control to the maximum extent permitted under applicable Law and the parties agree that this Agreement is not intended, and will not
be construed in any way, to enhance, modify or decrease any of the rights or obligations of the parties from those contained in the BCA,
in each case other than in relation to the transfer of the Bosch Contributed Shares, the ADSH Contributed Shares, the Purchased Loans
and the Additional Financing Loans respectively, which shall be governed solely by this Agreement.

 

1.2 Contribution
of Contributed Shares. On the terms set forth in this Agreement and subject to the condition precedent within the meaning of Section 158
para. 1 of the German Civil Code (aufschiebende Bedingung im Sinne des § 158 Abs. 1 des Bürgerlichen Gesetzbuchs)
that the Bosch Share Consideration has been delivered to Bosch and the ADSH Share Consideration has been delivered to ADSH, respectively,
in accordance with the BCA (such delivery of the Share Consideration, the “Share Consideration Closing”), and in accordance
with the BCA, (a) Bosch hereby transfers to Irish Holdco, and Irish Holdco hereby accepts from Bosch the Bosch Contributed Shares and
all rights attaching to them at the Share Consideration Closing (including the right to receive all distributions, returns of capital
and dividends declared, paid or made in respect of the Bosch Contributed Shares after the Share Consideration Closing) and (b) ADSH hereby
transfers to Irish Holdco, and Irish Holdco hereby accepts from ADSH the ADSH Contributed Shares and all rights attaching to them at
the Share Consideration Closing (including the right to receive all distributions, returns of capital and dividends declared, paid or
made in respect of the ADSH Contributed Shares after the Share Consideration Closing).

 

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1.3 The
Parties hereby explicitly confirm that the terms “contributed” and “contribution” in this Agreement do not refer
to the Irish law principles of a contribution of shares but refer to the German law principles in particular under the German Civil Code,
the German Transformation Act and German Transformation Tax Act of a contribution of shares.

 

1.4 Sale
and Transfer of the Purchased Loans and the Additional Financing Loans.

 

(a) Robert
Bosch hereby sells, transfers, assigns and otherwise conveys to Irish Holdco, without recourse, all the rights, title and interests of
Robert Bosch from and after the Closing Date in and to the Bosch Purchased Loans, including all rights to payment in respect thereof,
which includes all principal and accrued interest received or receivable by Robert Bosch on or with respect to the Bosch Purchased Loans
on and after the Closing Date. Irish Holdco shall be entitled to (and, to the extent received by or on behalf of Robert Bosch, Robert
Bosch shall deliver or cause to be delivered to Irish Holdco) all scheduled payments of principal due on the Bosch Purchased Loan on
and after the Closing Date, all interest accrued on the Bosch Purchased Loans on and after the Closing Date and all other recoveries
of principal and interest collected thereon on and after the Closing Date. In consideration of the sale, transfer, assignment and conveyance
of the Bosch Purchased Loans, at the Closing, Irish Holdco shall pay (or cause to be paid) to Robert Bosch the Bosch Purchased Loan Consideration.

 

(b) [Bosch
party] hereby sells, transfers, assigns and otherwise conveys to Irish Holdco, without recourse, all the rights, title and interests
of [Bosch party] from and after the Closing Date in and to the Bosch Additional Financing Loans, including all rights to payment in respect
thereof, which includes all principal and accrued interest received or receivable by [Bosch party] on or with respect to the Bosch Additional
Financing Loans on and after the Closing Date. Irish Holdco shall be entitled to (and, to the extent received by or on behalf of [Bosch
party], [Bosch party] shall deliver or cause to be delivered to Irish Holdco) all scheduled payments of principal due on the Bosch Additional
Financing Loans on and after the Closing Date, all interest accrued on the Bosch Additional Financing Loans on and after the Closing
Date and all other recoveries of principal and interest collected thereon on and after the Closing Date. In consideration of the sale,
transfer, assignment and conveyance of the Bosch Additional Financing Loans, at the Closing, Irish Holdco shall pay (or cause to be paid)
to [Bosch party] the Bosch Additional Financing Consideration.

 

(c) ADSH
hereby sells, transfers, assigns and otherwise conveys to Irish Holdco, without recourse, all the rights, title and interests of ADSH
from and after the Closing Date in and to the ADSH Purchased Loans, including all rights to payment in respect thereof, which includes
all principal and accrued interest received or receivable by ADSH on or with respect to the ADSH Purchased Loans on and after the Closing
Date. Irish Holdco shall be entitled to (and, to the extent received by or on behalf of ADSH, ADSH shall deliver or cause to be delivered
to Irish Holdco) all scheduled payments of principal due on the ADSH Purchased Loan on and after the Closing Date, all interest accrued
on the ADSH Purchased Loans on and after the Closing Date and all other recoveries of principal and interest collected thereon on and
after the Closing Date. In consideration of the sale, transfer, assignment and conveyance of the ADSH Purchased Loans, at the Closing,
Irish Holdco shall pay (or cause to be paid) to ADSH the ADSH Purchased Loan Consideration minus $7,000,000. The Parties acknowledge
and agree that $7,000,000 of the ADSH Purchased Loan Consideration has been assigned to Irish Holdco pursuant to Section 2.09 of the
BCA.

 

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(d) [ADSH
party] hereby sells, transfers, assigns and otherwise conveys to Irish Holdco, without recourse, all the rights, title and interests
of [ADSH party] from and after the Closing Date in and to the ADSH Additional Financing Loans, including all rights to payment in respect
thereof, which includes all principal and accrued interest received or receivable by [ADSH party] on or with respect to the ADSH Additional
Financing Loans on and after the Closing Date. Irish Holdco shall be entitled to (and, to the extent received by or on behalf of [ADSH
party], [ADSH party] shall deliver or cause to be delivered to Irish Holdco) all scheduled payments of principal due on the ADSH Additional
Financing Loans on and after the Closing Date, all interest accrued on the ADSH Additional Financing Loans on and after the Closing Date
and all other recoveries of principal and interest collected thereon on and after the Closing Date. In consideration of the sale, transfer,
assignment and conveyance of the ADSH Additional Financing Loans, at the Closing, Irish Holdco shall pay (or cause to be paid) to [ADSH
party] the ADSH Additional Financing Consideration.

 

(e) The
transfers and assignments of the Purchased Loans and Additional Financing Loans are subject to the conditions precedent within the meaning
of Section 158 para. 1 of the German Civil Code (aufschiebende Bedingung im Sinne des § 158 Abs. 1 des Bürgerlichen
Gesetzbuchs) as follows:

 

(i) the
transfer of the Bosch Purchased Loans pursuant to Section 1.4(a) is subject to the receipt of the Bosch Purchased Loan Consideration
by Bosch;

 

(ii) the
transfer of the Bosch Additional Financing Loans pursuant to Section 1.4(b) is subject to the receipt of the Bosch Additional Financing
Consideration by Robert Bosch;

 

(iii) the
transfer of the ADSH Purchased Loans pursuant to Section 1.4(c) is subject to the receipt of the ADSH Purchased Loan Consideration
minus $7,000,000 by ADSH; and

 

(iv) the
transfer of the ADSH Additional Financing Loans pursuant to Section 1.4(d) is subject to the receipt of the ADSH Additional Financing
Consideration by [ADSH party].

 

1.5 Representations
and Warranties.

 

(a) Each
of Bosch, [Bosch Party], ADSH, and [ADSH party], severally and not jointly, hereby represent and warrant to Irish Holdco as follows:

 

(i) Such
party has the power, authority and capacity to executed, deliver and perform this Agreement and this Agreement has been duly authorized,
executed and delivered by such party.

 

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(ii) The
execution, delivery and performance of such party and the consummation by such party of the transactions contemplated by this Agreement
do not and will not (A) conflict with or violate any statute, law, ordinance, regulation, rule, code, executive order, injunction, judgement,
decree or other order applicable to such party, (B) require any consent, approval or authorization of, declaration, filing or registration
with, or notice to, any person or entity, on the part of such party, (C) result in or require the creation of any Lien upon any of its
properties or assets (other than under this Agreement, the BCA and the agreements contemplated by the BCA, including the other Ancillary
Agreements); or (D) conflict with or result in a breach of or constitute a default under any provisions of such party’s governing
documents.

 

(iii) There
is no litigation, adverse proceeding or investigation pending or threatened against such party, before any governmental authority (A)
asserting the invalidity of this Agreement, (B) seeking to prevent the consummation of any of the transactions contemplated by this Agreement
or (C) seeking any determination or ruling that would reasonably be expected to have a material adverse effect on Irish Holdco with respect
to this Agreement or the transactions contemplated by this Agreement.

 

(b) Robert
Bosch represents and warrants to Irish Holdco that Robert Bosch is the sole legal, beneficial and equitable owner of the Bosch Purchased
Loans and, subject to the limitations provided by German insolvency law, has good and marketable title thereto, and has the right to
assign, sell and transfer the Bosch Purchased Loans to Irish Holdco free and clear of any Lien, and Robert Bosch has not sold, assigned
or otherwise transferred any right or interest in or to the Robert Bosch Purchased Loans.

 

(c) [Bosch
party] represents and warrants to Irish Holdco that [Bosch party] is the sole legal, beneficial and equitable owner of the Bosch Additional
Financing Loans and, subject to the limitations provided by German insolvency law, has good and marketable title thereto, and has the
right to assign, sell and transfer the Bosch Additional Financing Loans to Irish Holdco free and clear of any Lien, and [Bosch party]
has not sold, assigned or otherwise transferred any right or interest in or to the Bosch Additional Financing Loans.

 

(d) ADSH
represents and warrants to Irish Holdco that ADSH is the sole legal, beneficial and equitable owner of the ADSH Purchased Loans and,
subject to the limitations provided by German insolvency law, has good and marketable title thereto, and has the right to assign, sell
and transfer the ADSH Purchased Loans to Irish Holdco free and clear of any Lien, and ADSH has not sold, assigned or otherwise transferred
any right or interest in or to the ADSH Purchased Loans.

 

(e) [ADSH
party] represents and warrants to Irish Holdco that [ADSH party] is the sole legal, beneficial and equitable owner of the ADSH Additional
Financing Loans and, subject to the limitations provided by German insolvency law, has good and marketable title thereto, and has the
right to assign, sell and transfer the ADSH Additional Financing Loans to Irish Holdco free and clear of any Lien, and [ADSH party] has
not sold, assigned or otherwise transferred any right or interest in or to the ADSH Additional Financing Loans.

 

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ARTICLE
2

MISCELLANEOUS

 

2.1 Company
Shareholders’ Agreement. Bosch and ADSH herewith irrevocably waive any and all rights under or in connection with the Company
Shareholders’ Agreement and/or the Company’s Articles of Association which will be triggered as a consequence of the execution
of this Agreement and/or the BCA, including, without limitation, rights of first refusal and pre-emption rights.

 

2.2 New
List of Shareholders. Immediately upon the delivery of the Bosch Share Consideration and the ADSH Share Consideration, respectively,
Bosch and ADSH shall each notify the acting notary of the Share Consideration Closing, providing sufficient proof in the form of a written
confirmation that the Bosch Share Consideration and the ADSH Share Consideration have been delivered. The acting notary is hereby instructed
to file with the commercial register of the Company immediately upon receipt of such notification a new shareholder list in accordance
with Section 40 para. 2 of the German Limited Liability Companies Act.

 

2.3 Amendments
and Waivers. Any provision of this Agreement may be amended or waived if, but only if, such amendment or waiver is in writing and
is signed, in the case of an amendment, by the parties hereto, or in the case of a waiver, by the party against whom the waiver is to
be effective unless stricter form is required by mandatory law, in which case such stricter form requirement shall apply.

 

2.4 Entire
Agreement. This Agreement (together with the BCA, to the extent referred to in this Agreement) constitutes the entire agreement among
the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements and undertakings, both
written and oral, among the parties, or any of them, with respect to the subject matter hereof.

 

2.5 Notices.
All notices, requests, claims, demands and other communications hereunder shall be made in accordance with Section 10.01 of the BCA [(except
that all such communications to [Bosch party] shall be sent to the contact information for Bosch and all such communications to [ADSH
party] shall be sent to the contact information for ADSH)].

 

2.6 Severability.
If any term or other provision of this Agreement is held to be invalid, illegal or incapable of being enforced by any rule of law, or
public policy, in whole or in part, all other conditions and provisions of this Agreement shall nevertheless remain in full force and
effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse
to any party. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties
hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible
in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the fullest
extent possible.

 

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2.7 Governing
Law; Waiver of Jury Trial.

 

(a) This
Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware applicable to contracts executed
in and to be performed in that State with the exception of (and to the extent mandatorily required) the provisions relating to the transfer
of the Contributed Shares, the Purchased Loans and the Additional Financing Loans that shall be governed by German Law. Each of the parties
hereby irrevocably and unconditionally consents and submits to the exclusive jurisdiction and venue of the Court of Chancery of the State
of Delaware or, if (and only if) the Court of Chancery of the State of Delaware declines to accept jurisdiction over a particular matter,
the Superior Court of the State of Delaware (Complex Commercial Division) or, if (and only if) the Superior Court of the State of Delaware
(Complex Commercial Division) declines to accept jurisdiction over a particular matter, any federal court sitting in the State of Delaware,
and any appellate courts therefrom (collectively, the “Chosen Courts”). Each of the parties further agrees that notice
as provided herein shall constitute sufficient service of process and the parties further waive any argument that such service is insufficient.
Each of the parties hereby irrevocably and unconditionally waives, and agrees not to assert, by way of motion or as a defense, counterclaim
or otherwise, in any Action arising out of or relating to this Agreement or the transactions contemplated hereby, (i) any claim that
it is not personally subject to the jurisdiction of the Chosen Court as described herein for any reason, (ii) that it or its property
is exempt or immune from jurisdiction of any Chosen Court or from any legal process commenced in the Chosen Courts (whether through service
of notice, attachment prior to judgment, attachment in aid of execution of judgment, execution of judgment or otherwise) and (iii) that
(A) the Action in any such court is brought in an inconvenient forum, (B) the venue of such Action is improper or (C) this Agreement,
or the subject matter hereof, may not be enforced in or by such court.

 

(b) Each
of the parties hereto hereby waives to the fullest extent permitted by applicable Law any right it may have to a trial by jury with respect
to any litigation directly or indirectly arising out of, under or in connection with this Agreement and the transaction contemplated
hereby. Each of the parties hereto (a) certifies that 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 that foregoing waiver and (b) acknowledges
that it and the other hereto have been induced to enter into this Agreement and the transaction contemplated hereby, as applicable, by,
among other things, the mutual waivers and certifications in this Section 2.8(b).

 

2.8 Assignment.
This Agreement shall not be assigned (whether pursuant to a merger, by operation of law or otherwise), by any party without the express
written consent of the other party.

 

2.9 Headings.
The headings herein are for convenience of reference only, do not constitute part of this Agreement and shall not be deemed to limit
or otherwise affect any of the provisions hereof.

 

2.10 Copies.
The parties each shall receive certified copies (in electronic form) and the tax office – section corporate income tax –
a simple copy of this deed.

 

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SCHEDULE
1

BUSINESS
COMBINATION AGREEMENT

 

[Intentionally
omitted.]

 

Schedule
1 to the Share Consideration and Loan Transfer Agreement

 

     

     

    

 

Exhibit
A-1

 

Bosch
Purchased Loans

 

	Loan Description/Agreement	 	Loan Amount

(as of June 30, 2021)
	Shareholder Loan 1 Robert Bosch GmbH in the amount of EUR 6,374,262
 
	 	EUR 7,343,149.58
	granted on 14.08.2019	 	 
	Shareholder Loan 2 Robert Bosch GmbH in the amount of EUR 10 million
 
	 	EUR 11,053,054.44
	Granted on 27.05.2020	 	 

 

Exhibit
A-2

 

Bosch
Additional Financing Loans

 

	Loan
    Description/Agreement	 	Loan
    Amount
	 	 	

 

Exhibit A to the Share Consideration and Loan Transfer Agreement

 

     

     

    

 

Exhibit
B-1

 

ADSH
Purchased Loans

 

	Loan Description/Agreement	 	Loan Amount

(as of June 30, 2021)
	Shareholder Loan 1 ads-tec Holding GmbH in the amount of EUR 3 million
 
	 	EUR 3,100,047.95
	Granted on 12.06.2019	 	 
	Shareholder Loan 2 ads-tec Holding GmbH in the amount of EUR 2.97 million
 
	 	EUR 3,069,047.45
	Granted on 12.08.2019	 	 
	Shareholder Loan 3 ads-tec Holding GmbH in the amount of EUR 1.4 million
 
	 	EUR 1,655,494.13
	Granted on 09.01.2020	 	 

 

Exhibit
B-2

 

ADSH
Additional Financing Loans

 

	Loan
    Description/Agreement	 	Loan
    Amount
	 	 	 

 

Exhibit B to the Share Consideration and Loan
Transfer AgreementExhibit
10.3

 

Execution
Version

 

SPONSOR
SUPPORT AGREEMENT

 

This
SPONSOR SUPPORT AGREEMENT, dated as of August 9, 2021 (this “Agreement”), by and among LRT Capital1 LLC, a Delaware
limited partnership (the “Sponsor”), LHT Invest AB, a Swedish limited company (“LHT Invest”) (the Sponsor
and LHT Invest, collectively, the “Sponsor Parties” and individually, a “Sponsor Party”), ads-tec
Energy GmbH, based in Nürtingen and entered in the commercial register of the Stuttgart Local Court under HRB 762810 (the “Company”),
and European Sustainable Growth Acquisition Corp., an exempted company incorporated in the Cayman Islands with limited liability under
company number 367833 (“SPAC”).

 

WHEREAS,
concurrently with the execution of this Agreement, SPAC, ads-tec Energy plc, an Irish public limited company duly incorporated under
the laws of Ireland (“Irish Holdco”), EUSG II Corporation, an exempted company incorporated in the Cayman Islands
with limited liability under company number 379118 (“New SPAC”), Bosch Thermotechnik GmbH, based in Wetzlar and entered
in the commercial register of the Wetzlar Local Court under HRB 13 (“Bosch”), ads-tec Holding GmbH, based in Nürtingen
and entered in the commercial register of the Stuttgart Local Court under HRB 224527 (“ADSH”, together with Bosch,
the “Sellers” and each individually, a “Seller”) and the Company, are entering into a Business
Combination Agreement, dated as of the date hereof (as amended, supplemented, restated or otherwise modified from time to time, the “BCA”;
capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the BCA), pursuant to which,
among other things, SPAC and the Company shall enter into a business combination;

 

WHEREAS,
as of the date hereof, each of the Sponsor Parties own beneficially and of record the SPAC Class B Common Shares set forth opposite such
Sponsor Party’s name on Schedule I hereto (such SPAC Class B Common Shares are collectively referred to herein as the “Sponsor
SPAC Shares”); and

 

WHEREAS,
in order to induce SPAC, the Sellers and the Company to enter into the BCA and to consummate the Transactions, each of the Sponsor Parties,
SPAC and the Company desire to enter into this Agreement.

 

NOW,
THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements contained herein, the receipt and sufficiency
of which is hereby acknowledged, and intending to be legally bound, the each of the Sponsor Parties (severally and not jointly), the
Company and SPAC hereby agree as follows:

 

1.
Voting Obligations. Each Sponsor Party, by this Agreement, with respect to the Sponsor SPAC Shares held by such Sponsor Party,
hereby agrees during the term of this Agreement to vote, at any meeting of shareholders of SPAC, including the SPAC Shareholders’
Meeting, and in any action by written consent of the shareholders of SPAC, all of the Sponsor SPAC Shares held by such Sponsor Party
at such time (a) in favor of the approval and adoption of the BCA and the approval of the SPAC Merger, the other Transactions and the
other Transaction Proposals and (b) against any action, agreement or transaction or proposal that would reasonably be expected to result
in a breach of any covenant, representation or warranty or any other obligation or agreement of SPAC, Irish Holdco or New SPAC under
the BCA or that would reasonably be expected to result in the failure of the SPAC Merger or the other Transactions from being consummated.
Each Sponsor Party acknowledges receipt and review of a copy of the BCA.

 

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Execution
Version

 

2.
Waiver of Redemption Rights. Each Sponsor Party agrees during the term of this Agreement not to (a) demand that SPAC redeem the
Sponsor SPAC Shares held by such Sponsor Party or (b) otherwise participate in any such redemption by tendering or submitting any of
the Sponsor SPAC Shares held by such Sponsor Party for redemption.

 

3.
Waiver of Anti-Dilution Protection. Each Sponsor Party, solely in connection with and only for the purpose of the Transactions,
hereby waives, to the fullest extent permitted by law, its rights to the treatment of its Sponsor SPAC Shares as set forth in Article
17.3 of the SPAC Formation Documents, in connection with the Transactions.

 

4.
Transfer of Sponsor SPAC Shares. Each Sponsor Party agrees during the term of this Agreement that it shall not, directly or indirectly,
(a) sell, assign, transfer (including by operation of law), pledge, dispose of or otherwise encumber any of the Sponsor SPAC Shares held
by such Sponsor Party or otherwise agree to do any of the foregoing, (b) deposit any Sponsor SPAC Shares held by such Sponsor Party into
a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect to any Sponsor SPAC
Shares held by such Sponsor Party that is inconsistent with the provisions of this Agreement or (c) enter into any contract, option or
other arrangement or undertaking with respect to the direct or indirect acquisition or sale, assignment, transfer (including by operation
of law) or other disposition of any Sponsor SPAC Shares held by such Sponsor Party; provided, that the foregoing shall not prohibit
the transfer of such Sponsor SPAC Shares to an affiliate of such Sponsor Party, but only if such affiliate of such Sponsor Party shall
execute this Agreement or a joinder agreeing to become a party to this Agreement.

 

5.
Representations and Warranties. Each Sponsor Party hereby represents and warrants, severally but not jointly, to SPAC and the
Company as follows:

 

(a)
The execution, delivery and performance by such Sponsor Party of this Agreement and the consummation by such Sponsor Party of the transactions
contemplated hereby do not and will not (i) conflict with or violate any statute, law, ordinance, regulation, rule, code, executive order,
injunction, judgment, decree or other order applicable to such Sponsor Party, (ii) require any consent, approval or authorization of,
declaration, filing or registration with, or notice to, any person or entity, on the part of such Sponsor Party, (iii) result in the
creation of any encumbrance on any Sponsor SPAC Shares held by such Sponsor Party (other than under this Agreement, the BCA and the agreements
contemplated by the BCA, including the other Ancillary Agreements) or (iv) conflict with or result in a breach of or constitute a default
under any provision of such Sponsor Party’s governing documents.

 

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Execution
Version

 

(b)
As of the date of this Agreement, such Sponsor Party owns exclusively of record and has good and valid title to the Sponsor SPAC Shares
set forth opposite such Sponsor Party’s name on Schedule I  free and clear of any security interest, lien, claim,
pledge, proxy, option, right of first refusal, agreement, voting restriction, limitation on disposition, charge, adverse claim of ownership
or use or other encumbrance of any kind, other than pursuant to (i) this Agreement, (ii) applicable securities laws, and (iii) the governing
documents of such Sponsor Party or SPAC, and as of the date of this Agreement, subject to those limitations described in SPAC’s
prospectus, dated January 21, 2021, and filed by SPAC with the SEC on January 22, 2021, such Sponsor Party has the sole power (as currently
in effect) to vote and right, power and authority to sell, transfer and deliver the Sponsor SPAC Shares held by such Sponsor Party, and
neither such Sponsor Party nor any of its affiliates own, directly or indirectly, any other SPAC Common Shares.

 

(c)
Such Sponsor Party has the power, authority and capacity to execute, deliver and perform this Agreement and this Agreement has been duly
authorized, executed and delivered by such Sponsor Party.

 

6.
Termination. This Agreement and the obligations of the Sponsor Parties under this Agreement shall automatically terminate upon
the earlier of: (a) the SPAC Merger Effective Time and (b) the termination of the BCA in accordance with its terms. Upon termination
of this Agreement, no party shall have any further obligations or liabilities under this Agreement; provided that (i) nothing
in this Section 5 shall relieve any party from liability for fraud or willful breach of this Agreement occurring prior to its
termination and (ii) the provisions of this Section 5 and Section 6 (other than Section 6(i)) shall survive any
termination of this Agreement.

 

7.
Miscellaneous.

 

(a)
All notices, requests, claims, demands and other communications hereunder shall be in writing and shall be given (and shall be deemed
to have been duly given upon receipt) by delivery in person, by email or by registered or certified mail (postage prepaid, return receipt
requested) to the respective parties at the following addresses or email addresses (or at such other address or e-mail address for a
party as shall be specified in a notice given in accordance with this Section 6(a)):

 

If
to the Sponsor, to:

 

LRT
Capital1 LLC

73
Arch St.

Greenwich,
CT 06830

Attention: Pieter Taselaar

Email: ptaselaar@lucernecap.com

 

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

 

Reed
Smith LLP

599
Lexington Ave

New
York, NY 10022

United
States

Attention:
Ari Edelman

Email:
AEdelman@reedsmith.com

 

and

 

Reed
Smith LLP
2850
                N. Harwood St.

Suite
1500

Dallas,
TX 75201

United
States

Attention:
Lynwood Reinhardt

Email:
lreinhardt@reedsmith.com

 

    3

     

    

 

Execution
Version

 

If
to LHT Invest, to:

 

LHT
Invest AB

Väringavägen
18

18263
Djursholm

Sweden

Attention: Lars Thunell

Email: lars@thunell.eu

 

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

 

LHT
Invest AB

Väringavägen
18

18263
Djursholm

Sweden

Attention: Peter Silfversward

Email: peter.silfversward@gmail.com

 

If
to SPAC, to:

 

c/o
European Sustainable Growth Acquisition Corp.

Maples Corporate Services Limited

P.O. Box 309

Ugland House

Grand Cayman KY1-1104

Attention: Pieter Taselaar

Email: ptaselaar@lucernecap.com

 

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

 

Reed
Smith LLP

599
Lexington Ave

New
York, NY 10022

United
States

Attention:
Ari Edelman

Email:
AEdelman@reedsmith.com

 

and

 

Reed
Smith LLP

2850
N. Harwood St.

Suite
1500

Dallas,
TX 75201

United
States

Attention:
Lynwood Reinhardt

Email:
lreinhardt@reedsmith.com

 

    4

     

    

 

Execution
Version

 

If
to the Company, to:

 

ads-tec
Energy GmbH

Heinrich-Hertz-Str. 1

72622 Nuertingen

Germany

Attention: Thomas Speidel

Email: t.speidel@ads-tec.de

 

ads-tec
Energy GmbH

Heinrich-Hertz-Str. 1

72622 Nuertingen

Germany

Attention: Steffen Greiner

Email: s.greiner@ads-tec.de

 

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

 

CMS
Hasche Sigle Partnerschaft von

Rechtsanwaelten und Steuerberatern mbB

Schoettlestrasse 8

70597 Stuttgart

Germany

Attention: Bjoern Demuth

Email: bjoern.demuth@cms-hs.com

 

and

 

Alston
& Bird LLP

90 Park Avenue

New York, NY 10016

United States

Attention: Edward Tanenbaum

Email: edward.tanenbaum@alston.com

 

and

 

Alston
& Bird LLP

90 Park Avenue

New York, NY 10016

United States

Attention: Stuart Rogers

Email: stuart.rogers@alston.com

 

    5

     

    

 

Execution
Version

 

(b)
If any term or other provision of this Agreement is held to be invalid, illegal or incapable of being enforced by any rule of law, or
public policy, in whole or in part, all other conditions and provisions of this Agreement shall nevertheless remain in full force and
effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse
to any party. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties
hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible
in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the fullest
extent possible.

 

(c)
This Agreement (together with the BCA, to the extent referred to in this Agreement) constitutes the entire agreement among the parties
with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements and undertakings, both written and
oral, among the parties, or any of them, with respect to the subject matter hereof. This Agreement shall not be assigned (whether pursuant
to a merger, by operation of law or otherwise), by any party without the express written consent of the other parties hereto.

 

(d)
This Agreement shall be binding upon and inure solely to the benefit of each party hereto (and their respective successors and permitted
assigns), and nothing in this Agreement, express or implied, is intended to or shall confer upon any other person any right, benefit
or remedy of any nature whatsoever under or by reason of this Agreement.

 

(e)
The parties hereto agree that irreparable damage would occur in the event any provision of this Agreement was not performed in accordance
with the terms hereof and that the parties shall be entitled to specific performance of the terms hereof, in addition to any other remedy
at law or in equity.

 

(f)
This Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware applicable to contracts executed
in and to be performed in that State. Each of the parties hereby irrevocably and unconditionally consents and submits to the exclusive
jurisdiction and venue of the Court of Chancery of the State of Delaware or, if (and only if) the Court of Chancery of the State of Delaware
declines to accept jurisdiction over a particular matter, the Superior Court of the State of Delaware (Complex Commercial Division) or,
if (and only if) the Superior Court of the State of Delaware (Complex Commercial Division) declines to accept jurisdiction over a particular
matter, any federal court sitting in the State of Delaware, and any appellate courts therefrom (collectively, the “Chosen Courts”).
Each of the parties further agrees that notice as provided herein shall constitute sufficient service of process and the parties further
waive any argument that such service is insufficient. Each of the parties hereby irrevocably and unconditionally waives, and agrees not
to assert, by way of motion or as a defense, counterclaim or otherwise, in any Action arising out of or relating to this Agreement or
the transactions contemplated hereby, (i) any claim that it is not personally subject to the jurisdiction of the Chosen Court as described
herein for any reason, (ii) that it or its property is exempt or immune from jurisdiction of any Chosen Court or from any legal process
commenced in the Chosen Courts (whether through service of notice, attachment prior to judgment, attachment in aid of execution of judgment,
execution of judgment or otherwise) and (iii) that (A) the Action in any such court is brought in an inconvenient forum, (B) the venue
of such Action is improper or (C) this Agreement, or the subject matter hereof, may not be enforced in or by such court.

 

    6

     

    

 

Execution
Version

 

(g)
Each of the parties hereto hereby waives to the fullest extent permitted by applicable Law any right it may have to a trial by jury with
respect to any litigation directly or indirectly arising out of, under or in connection with this Agreement and the transaction contemplated
hereby. Each of the parties hereto (a) certifies that 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 that foregoing waiver and (b) acknowledges
that it and the other hereto have been induced to enter into this Agreement and the transaction contemplated hereby, as applicable, by,
among other things, the mutual waivers and certifications in this Section 6(g).

 

(h)
This Agreement may be executed and delivered (including executed manually or electronically via DocuSign or other similar services and
delivered by facsimile or portable document format (pdf) transmission) in one or more counterparts, and by the different parties in separate
counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and
the same agreement.

 

(i)
Each party hereto shall execute and deliver or cause to be executed and delivered such additional documents and instruments and take
all such further action as may be reasonably necessary or desirable to consummate the transactions contemplated by this Agreement.

 

(j)
This Agreement shall not be effective or binding upon any party hereto until after such time as the BCA is executed and delivered by
SPAC, the Sellers, the Company, New SPAC and Irish Holdco.

 

(k)
This Agreement may not be amended except by an instrument in writing signed by each of the parties hereto.

 

(l)
Each Sponsor Party shall permit and hereby consents to and authorizes SPAC and the Company to publish and disclose in all documents and
schedules filed with the SEC, and any press release or other disclosure document that SPAC or the Company reasonably determines to be
necessary in connection with the SPAC Merger or any of the other Transactions, a copy of this Agreement, such Sponsor Parties’
identity and ownership of the Sponsor SPAC Shares held by such Sponsor Party and the nature of such Sponsor Parties’ commitments
and obligations under this Agreement.

 

(m)
Each Sponsor Party signs this Agreement solely in such Sponsor Party’s capacity as a shareholder of SPAC. Each Sponsor Party makes
no agreement or understanding in this Agreement in such Sponsor Party’s capacity (or in the capacity of any affiliate, partner
or employee of such Sponsor Party) as a director or officer of SPAC, Irish Holdco or New SPAC (if such Sponsor Party holds such office).
Nothing in this Agreement will limit or affect any actions or omissions taken by any Sponsor Party (or any affiliate, partner or employee
of any Sponsor Party) in his, her or its capacity as a director or officer of SPAC, Irish Holdco or New SPAC, and no actions or omissions
taken in any Sponsor Party’s capacity (or in the capacity of any affiliate, partner or employee of any Sponsor Party) as a director
or officer of SPAC, Irish Holdco or New SPAC Sub shall be deemed a breach of this Agreement. Nothing in this Agreement will be construed
to prohibit, limit or restrict any Sponsor Party (or any affiliate, partner or employee of any Sponsor Party) from exercising his or
her fiduciary duties as an officer or director of SPAC, Irish Holdco or New SPAC.

 

[Signature
pages follow]

 

    7

     

    

 

Execution
Version

 

IN
WITNESS WHEREOF, the Sponsor Parties, the Company and SPAC have caused this Agreement to be executed as of the date first written
above by their respective officers thereunto duly authorized.

 

	 	LRT Capital1
    LLC
	 	 	 
	 	By:	/s/ Peter
    Taselaar
	 	Name: 	Pieter Taselaar
	 	Title:	Manager

 

	 	LHT Invest ab
	 	 	 
	 	By:	/s/ Lars Thunell
	 	Name: 	Lars Thunell
	 	Title:	Authorized Signatory

 

	 	ads-tec Energy
    GmbH
	 	 	 
	 	By:	/s/ Thomas
    Speidel
	 	Name: 	Thomas Speidel
	 	Title:	CEO, Geschäftsführer

 

	 	European Sustainable
    Growth Acquisition Corp.
	 	 	 
	 	By: 	/s/ Karan Trehan 
	 	Name: 	Karan Trehan
	 	Title:	President

 

[Signature
Page to Sponsor Support Agreement] 

 

     

     

    

 

Execution
Version

 

Schedule
I

 

	Sponsor Party	 	Number
    of Sponsor SPAC Shares	 
	LRT Capital1 LLC	 	 	3,523,750	 
	LHT Invest AB	 	 	70,000

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