Document:

EX-4.5

 Exhibit 4.5 

DESCRIPTION OF SECURITIES 

The following summary of the material terms of the securities of Quanergy Systems, Inc. (the “Company”), is not intended to be a
complete summary of the rights and preferences of such securities, and is qualified by reference to the provisions of the Delaware General Corporation Law and the complete text of the Company’s Amended and Restated Certificate of Incorporation
(the “Charter”), the Company’s Bylaws (the “Bylaws”) and the documents related to the Company’s Warrants (defined below) described herein, which are exhibits to the Company’s Annual Report on Form 10-K to which this description is also an exhibit. 
 General 

The Charter authorizes 300,000,000 shares of Common Stock, par value $0.0001 per share (the “Common Stock”), and 10,000,000 shares of
preferred stock, par value $0.0001 per share (the “Preferred Stock”). 
 Preferred Stock 

The Company’s board of directors has authority to issue shares of Preferred Stock in one or more series, to fix for each such series such
voting powers, full or limited, or no voting powers, and such designations, preferences, and relative participating, optional or other special rights, and qualifications, limitations or restrictions thereof, including without limitation thereof,
dividend rights, conversion rights, redemption privileges and liquidation preferences, and to increase or decrease the number of shares for the issue of such series all to the fullest extent permitted by Delaware General Corporation Law (the
“DGCL”). The issuance of Preferred Stock could have the effect of decreasing the trading price of the Common Stock, restricting dividends on the Company’s capital stock, diluting the voting power of the Common Stock, impairing the
liquidation rights of the Company’s capital stock, or delaying or preventing a change in control. 
 Common Stock 

Common Stock is not entitled to preemptive or other similar subscription rights to purchase any of the Company’s securities. Common Stock
is neither convertible nor redeemable. Unless the Company’s board of directors determines otherwise, the Company will issue all of its capital stock in uncertificated form. 

Voting Rights 
 Each holder of Common
Stock is entitled to one vote per share on each matter submitted to a vote of stockholders, as provided by the Charter. The Bylaws provide that the holders of a majority of the capital stock issued and outstanding and entitled to vote thereat,
present in person, or by remote communication, if applicable, or represented by proxy, will constitute a quorum at all meetings of the stockholders for the transaction of business. When a quorum is present, the affirmative vote of a majority of the
votes cast is required to take action, unless otherwise specified by law, the Bylaws or the Charter, and except for the election of directors, which is determined by a plurality vote. There are no cumulative voting rights. 

Dividend Rights 
 Each holder of shares of the
Company’s capital stock is entitled to the payment of dividends and other distributions as may be declared by the Company’s board of directors from time to time out of the Company’s assets or funds legally available for dividends or
other distributions. These rights are subject to the preferential rights of the holders of Preferred Stock, if any, and any contractual limitations on the Company’s ability to declare and pay dividends. 

Other Rights 
 Each holder of Common Stock is subject to,
and may be adversely affected by, the rights of the holders of any series of Preferred Stock that the Company may designate and issue in the future. 

 Liquidation Rights 

If the Company is involved in voluntary or involuntary liquidation, dissolution or winding up of its affairs, or a similar event, each holder of Common Stock
will participate pro rata in all assets remaining after payment of liabilities, subject to prior distribution rights of Preferred Stock, if any, then outstanding. 

Special Meetings of Stockholders 
 The
Charter provides that a special meeting of stockholders may be called by the (a) the chairperson of the Company’s board of directors, (b) the Company’s board of directors, (c) the Company’s chief executive officer or
(d) the Company’s president, provided that such special meeting may be postponed, rescheduled or cancelled by the Company’s board of directors or other person calling the meeting. 

Action by Written Consent 
 The Charter
provides that any action required or permitted to be taken by the stockholders must be effected at an annual or special meeting of the stockholders, and may not be taken by written consent in lieu of a meeting. 

Removal of Directors 
 The Company’s
board of directors or any individual director may be removed from office at any time, but only for cause and only by the affirmative vote of the holders of at least a majority of the voting power of all of the then outstanding shares of the
Company’s voting stock entitled to vote at an election of directors. 
 Limitations on Liability and Indemnification of Officers and Directors

 The Charter provides that the Company will indemnify its directors to the fullest extent authorized or permitted by applicable law.
The Company has entered into agreements to indemnify its directors, executive officers and other employees as determined by the Company’s board of directors. Under the Bylaws, the Company is required to indemnify each of its directors and
officers if the basis of the indemnitee’s involvement was by reason of the fact that the indemnitee is or was the Company’s director or officer or was serving at the Company’s request as a director, officer, employee or agent for
another entity. The Company must indemnify its officers and directors against all expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by the indemnitee in connection with such
action, suit or proceeding if the indemnitee acted in good faith and in a manner the indemnitee reasonably believed to be in or not opposed to the best interests of the Company, and, with respect to any criminal action or proceeding, had no
reasonable cause to believe the indemnitee’s conduct was unlawful. The Bylaws also require the Company to advance expenses (including attorneys’ fees) incurred by a director or officer in defending any civil, criminal, administrative or
investigative action, suit or proceeding, provided that such person will repay any such advance if it is ultimately determined that such person is not entitled to indemnification by the Company. Any claims for indemnification by the Company’s
directors and officers may reduce the Company’s available funds to satisfy successful third-party claims against the Company and may reduce the amount of money available to the Company. 

Exclusive Jurisdiction of Certain Actions 

The Charter requires, to the fullest extent permitted by law, that derivative actions brought in the name of the Company, actions against
directors, officers and employees for breach of fiduciary duty, any provision of the DGCL, the Charter, the Bylaws and other similar actions may be brought only in the Court of Chancery of the State of Delaware (or, in the event that the Chancery
Court does not have jurisdiction, the federal district court for the District of Delaware or other state courts of the State of Delaware) and, if brought outside of Delaware, the stockholder bringing the suit will be deemed to have consented to
(a) the personal jurisdiction of the state and federal courts in the State of Delaware in connection with any action brought in any such court to enforce the exclusive jurisdiction provisions of the Charter and (b) service of process on
such stockholder’s counsel. Notwithstanding the foregoing, the Charter provides that the exclusive forum provision will not apply to suits brought to enforce any liability or duty created by the Securities Act, the Exchange Act or any other
claim for which the federal courts of the United States have exclusive jurisdiction. Section 27 of the Exchange Act creates exclusive federal jurisdiction over all suits brought 

 
to enforce any duty or liability created by the Exchange Act or the rules and regulations thereunder. Although the Company believes this provision benefits it by providing increased consistency
in the application of Delaware law in the types of lawsuits to which it applies, the provision may have the effect of discouraging lawsuits against the Company’s directors and officers. 

Warrants 
 Each whole public warrant and
private placement warrant (collectively, the “Warrants”) entitles the registered holder to purchase one share of Common Stock at a price of $11.50 per share at any time commencing March 10, 2022. The Warrants will expire at 5:00 p.m.,
New York City time, on February 8, 2027, or earlier upon redemption or liquidation. 
 Public Warrants 

Each whole public warrant originally issued in the initial public offering of CITIC Capital Acquisition Corp. (“CCAC”) will entitle
the registered holder to purchase one share of the Common Stock at a price of $11.50 per share, subject to adjustment as discussed below, at any time after March 10, 2022, provided that there is an effective registration statement under the
Securities Act covering the shares of the Common Stock issuable upon exercise of the warrants and a current prospectus relating to them available (or the Company permits holders to exercise their warrants on a cashless basis under the circumstances
specified in the warrant agreement) and such shares are registered, qualified or exempt from registration under the securities, or blue sky, laws of the state of residence of the holder. Pursuant to the warrant agreement, a warrant holder may
exercise its warrants only for a whole number of shares of the Common Stock. This means only a whole warrant may be exercised at a given time by a warrant holder. The warrants will expire at 5:00 p.m., New York City time on February 8, 2027, or
earlier upon redemption or liquidation. 
 The Company will not be obligated to deliver any shares of common stock pursuant to the exercise
of a warrant and will have no obligation to settle such warrant exercise unless a registration statement under the Securities Act with respect to the shares of the Common Stock underlying the warrants is then effective and a prospectus Company
relating thereto is current, subject to the Company satisfying the Company’s obligations described below with respect to registration. No warrant will be exercisable and the Company will not be obligated to issue a share of common stock upon
exercise of a warrant unless the shares of common stock issuable upon such warrant exercise has been registered, qualified or deemed to be exempt under the securities laws of the state of residence of the registered holder of the warrants. In the
event that the conditions in the two immediately preceding sentences are not satisfied with respect to a warrant, the holder of such warrant will not be entitled to exercise such warrant and such warrant may have no value and expire worthless. In no
event will the Company be required to net cash settle any warrant. 
 The Company is obligated to use its best efforts to file as soon as
practicable with the SEC a registration statement for the registration, under the Securities Act, of the shares of Common Stock issuable upon exercise of the warrants. The Company is obligated to use its best efforts to cause the same to become
effective and to maintain the effectiveness of such registration statement, and a current prospectus Company relating thereto, until the expiration of the warrants in accordance with the provisions of the warrant agreement. If a registration
statement covering the shares of the Common Stock issuable upon exercise of the warrants is not effective by May 5, 2022, warrant holders may, until such time as there is an effective registration statement and during any period when the
Company will have failed to maintain an effective registration statement, exercise such warrants on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act or another exemption. Notwithstanding the above, if the
shares of common stock are at the time of any exercise of a warrant not listed on a national securities exchange such that they satisfy the definition of a “covered security” under Section 18(b)(1) of the Securities Act, the Company
may, at its option, require holders of public warrants who exercise their warrants to do so on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act and, in the event the Company so elects, the Company will not
be required to file or maintain in effect a registration statement, and in the event it does not so elect, the Company will be obligated to use its best efforts to register or qualify the shares under applicable blue sky laws to the extent an
exemption is not available. 
 Once the warrants become exercisable, the Company may call the warrants for redemption: 

	 	•	 	 in whole and not in part; 

 

	 	•	 	 at a price of $0.01 per warrant; 

 

	 	•	 	 upon not less than 30 days’ prior written notice of redemption (the
“30-day redemption period”) to each warrantholder; and 

  

	 	•	 	 if, and only if, the reported closing price of the Common Stock equals or exceeds $18.00 per share (as adjusted
for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within a 30 trading-day period ending three business days before the Company sends the notice of
redemption to the warrantholders. 

 If and when the warrants become redeemable by it, the Company may exercise its
redemption right even if the Company is unable to register or qualify the underlying securities for sale under all applicable state securities laws. 

If the foregoing conditions are satisfied and the Company issues a notice of redemption of the warrants, each warrant holder will be entitled
to exercise his, her or its warrant prior to the scheduled redemption date. However, the price of the Common Stock may fall below the $18.00 redemption trigger price (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations
and the like) as well as the $11.50 warrant exercise price after the redemption notice is issued. 
 If the Company calls the warrants for
redemption as described above, the Company’s board of directors will have the option to require any holder that wishes to exercise his, her or its warrant to do so on a “cashless basis.” In determining whether to require all holders
to exercise their warrants on a “cashless basis,” the Company’s management may consider, among other factors, the Company’s cash position, the number of warrants that are outstanding and the dilutive effect on the Company’s
stockholders of issuing the maximum number of shares of common stock issuable upon the exercise of the warrants. If the Company takes advantage of this option, all holders of warrants would pay the exercise price by surrendering their warrants for
that number of shares of common stock equal to the quotient obtained by dividing (a) the product of the number of shares of common stock underlying the warrants, multiplied by the excess of the “fair market value” (defined below) over
the exercise price of the warrants by (b) the fair market value. The “fair market value” will mean the average reported closing price of the shares of common stock for the 10 trading days ending on the third trading day prior to the
date on which the notice of redemption is sent to the holders of warrants. If the Company takes advantage of this option, the notice of redemption will contain the information necessary to calculate the number of shares of common stock to be
received upon exercise of the warrants, including the “fair market value” in such case. Requiring a cashless exercise in this manner will reduce the number of shares to be issued and thereby lessen the dilutive effect of a warrant
redemption. The Company believe this feature is an attractive option to the Company if it does not need the cash from the exercise of the warrants. If the Company calls the warrants for redemption and do not take advantage of this option, the
holders of the private placement warrants and their permitted transferees would still be entitled to exercise their private placement warrants for cash or on a cashless basis using the same formula described above that other warrant holders would
have been required to use had all warrant holders been required to exercise their warrants on a cashless basis, as described in more detail below. A holder of a warrant may notify the Company in writing in the event it elects to be subject to a
requirement that such holder will not have the right to exercise such warrant, to the extent that after giving effect to such exercise, such person (together with such person’s affiliates), to the warrant agent’s actual knowledge, would
beneficially own in excess of 4.9% or 9.8% (or such other amount as specified by the holder) of the shares of the Common Stock outstanding immediately after giving effect to such exercise. 

If the number of outstanding shares of the Common Stock is increased by a stock dividend payable in shares of the Common Stock, or by a split-up or other similar event, then, on the effective date of stock dividend, split-up or similar event, the number of shares of common stock issuable
on exercise of each warrant will be increased in proportion to such increase in the outstanding shares of the Common Stock. A rights offering to holders of the Common Stock entitling holders to purchase shares of the Common Stock at a price less
than the fair market value will be deemed a stock dividend of a number of shares of the Common Stock equal to the product of (a) the number of shares of Common Stock actually sold in such rights offering (or issuable under any other equity
securities sold in such rights offering that are convertible into or exercisable for shares of the Common Stock) and (b) the quotient of (i) the price per share of the Common Stock paid in such rights offering and (ii) the fair market
value. For these purposes (a) if the rights offering is for securities convertible into or exercisable for shares of the Common Stock, in determining the price payable for shares of the Common Stock, there will be taken into account any
consideration 

 
received for such rights, as well as any additional amount payable upon exercise or conversion and (b) fair market value means the volume weighted average price of shares of the Common Stock
as reported during the 10 trading day period ending on the trading day prior to the first date on which the shares of the Common Stock trade on the applicable exchange or in the applicable market, regular way, without the right to receive such
rights. 
 In addition, if the Company, at any time while the warrants are outstanding and unexpired, pays a dividend or make a distribution
in cash, securities or other assets to the holders of shares of the Common Stock on account of such shares of common stock (or other securities into which the warrants are convertible), other than as described above or certain ordinary cash
dividends, then the warrant exercise price will be decreased, effective immediately after the effective date of such event, by the amount of cash and/or the fair market value of any securities or other assets paid on each share of the Common Stock
in respect of such event. 
 If the number of outstanding shares of the Common Stock is decreased by a consolidation, combination, reverse
stock split or reclassification of shares of the Common Stock or other similar event, then, on the effective date of such consolidation, combination, reverse stock split, reclassification or similar event, the number of shares of common stock
issuable on exercise of each warrant will be decreased in proportion to such decrease in outstanding shares of the Common Stock. 
 Whenever
the number of shares of the Common Stock purchasable upon the exercise of the warrants is adjusted, as described above, the warrant exercise price will be adjusted by multiplying the warrant exercise price immediately prior to such adjustment by a
fraction (a) the numerator of which will be the number of shares of common stock purchasable upon the exercise of the warrants immediately prior to such adjustment, and (b) the denominator of which will be the number of shares of common
stock so purchasable immediately thereafter. 
 In case of any reclassification or reorganization of the outstanding shares of the Common
Stock (other than those described above or that solely affects the par value of such shares of the Common Stock), or in the case of any merger or consolidation of the Company’s company with or into another corporation (other than a
consolidation or merger in which the Company is the continuing corporation and that does not result in any reclassification or reorganization of the issued and outstanding shares of the Common Stock), or in the case of any sale or conveyance to
another corporation or entity of the assets or other property of the Company’s as an entirety or substantially as an entirety in connection with which the Company is dissolved, the holders of the warrants will thereafter have the right to
purchase and receive, upon the basis and upon the terms and conditions specified in the warrants and in lieu of the shares of the Common Stock immediately theretofore purchasable and receivable upon the exercise of the rights represented thereby,
the kind and amount of shares of the Common Stock or other securities or property (including cash) receivable upon such reclassification, reorganization, merger or consolidation, or upon a dissolution following any such sale or transfer, that the
holder of the warrants would have received if such holder had exercised their warrants immediately prior to such event. If less than 70% of the consideration receivable by the holders of shares of the Common Stock in such a transaction is payable in
the form of shares of common stock in the successor entity that is listed for trading on a national securities exchange or is quoted in an
established over-the-counter market, or is to be so listed for trading or quoted immediately following such event, and if the registered holder of the warrant
properly exercises the warrant within 30 days following public disclosure of such transaction, the warrant exercise price will be reduced as specified in the warrant agreement based on the Black-Scholes Warrant Value (as defined in the warrant
agreement) of the warrant. The purpose of such exercise price reduction is to provide additional value to holders of the warrants when an extraordinary transaction occurs during the exercise period of the warrants pursuant to which the holders of
the warrants otherwise do not receive the full potential value of the warrants. 
 The warrants are issued in registered form under a
warrant agreement between Continental Stock Transfer & Trust Company, as warrant agent, and the Company. The warrant agreement provides that the terms of the warrants may be amended without the consent of any holder for the purpose of
curing any ambiguity or to correct any defective provision or adding or changing any other provisions with respect to matters or questions arising under the warrant agreement as the parties to the warrant agreement may deem necessary or desirable
and that the parties deem to not adversely affect the interests of the registered holders of the warrants. All other modifications or amendments will require the approval by the holders of at least 65% of the then-outstanding public warrants and,
solely with respect to any amendment to the terms of the private placement warrants, 65% of the then outstanding private placement warrants. You should review a copy of the warrant agreement for a complete description of the terms and conditions
applicable to the warrants. 

 The warrants may be exercised upon surrender of the warrant certificate on or prior to the
expiration date at the offices of the warrant agent, with the exercise form on the reverse side of the warrant certificate completed and executed as indicated, accompanied by full payment of the exercise price (or on a cashless basis, if
applicable), by certified or official bank check payable to us, for the number of warrants being exercised. The warrant holders do not have the rights or privileges of holders of shares of the Common Stock and any voting rights until they exercise
their warrants and receive shares of the Common Stock. After the issuance of shares of the Common Stock upon exercise of the warrants, each holder will be entitled to one vote for each share held of record on all matters to be voted on by
stockholders. 
 No fractional shares will be issued upon exercise of the warrants. If, upon exercise of the warrants, a holder would be
entitled to receive a fractional interest in a share, the Company will, upon exercise, round down to the nearest whole number of shares of its common stock to be issued to the warrantholder. 

Private Placement Warrants 
 The
private placement warrants (including the shares of the Common Stock issuable upon exercise of such warrants) will not be transferable, assignable or salable until March 10, 2022 (except, among other limited exceptions to the Company’s
officers and directors and other persons or entities affiliated with the Sponsor) and they will not be redeemable by the Company so long as they are held by the Sponsor, members of the Sponsor or their permitted transferees. The Sponsor or its
permitted transferees have the option to exercise the private placement warrants on a cashless basis. Except as described below, the private placement warrants have terms and provisions that are identical to those of the public warrants, including
as to exercise price, exercisability and exercise period. If the private placement warrants are held by holders other than the Sponsor or its permitted transferees, the private placement warrants will be redeemable by the Company and exercisable by
the holders on the same basis as the public warrants. 
 If holders of the private placement warrants elect to exercise them on a cashless
basis, they would pay the exercise price by surrendering his, her or its warrants for that number of shares of the Common Stock equal to the quotient obtained by dividing (a) the product of the number of shares of the Common Stock underlying
the warrants, multiplied by the excess of the “fair market value” (defined below) over the exercise price of the warrants by (b) the fair market value. The “fair market value” will mean the average reported closing price of
the shares of the Common Stock for the 10 trading days ending on the third trading day prior to the date on which the notice of warrant exercise is sent to the warrant agent. 

Dividends 
 The Company has not paid any
cash dividends on the Common Stock to date. The payment of cash dividends in the future will be dependent upon the Company’s revenues and earnings, if any, capital requirements and general financial condition. The payment of any cash dividends
is within the discretion of the Company’s board of directors. In addition, the Company’s board of directors is not currently contemplating and does not anticipate declaring any share dividends in the foreseeable future. 

Certain Anti-Takeover Provisions of Delaware Law, The Charter and The Bylaws 

Section 203 of the DGCL provides that if a person acquires 15% or more of the voting stock of a Delaware corporation, such person becomes
an “interested stockholder” and may not engage in certain “business combinations” with such corporation for a period of three years from the time such person acquired 15% or more of such corporation’s voting stock, unless:
(1) the board of directors of such corporation approves the acquisition of stock or the merger transaction before the time that the person becomes an interested stockholder, (2) the interested stockholder owns at least 85% of the
outstanding voting stock of such corporation at the time the merger transaction commences (excluding voting stock owned by directors who are also officers and certain employee stock plans), or (3) the merger transaction is approved by the board
of directors and at a meeting of stockholders, not by written consent, by the affirmative vote of 2/3 of the outstanding voting stock which is not owned by the interested stockholder. A Delaware corporation may elect in its certificate of
incorporation or Bylaws not to be governed by this particular Delaware law. Under the Charter, the Company opted out of Section 203 of the DGCL, but provides other similar restrictions regarding takeovers by interested stockholders. 

 The Charter, the Bylaws and the DGCL contain provisions that could have the effect of
rendering more difficult, delaying, or preventing an acquisition deemed undesirable by the Company’s board of directors. These provisions could also make it difficult for stockholders to take certain actions, including electing directors who
are not nominated by the members of the Company’s board of directors or taking other corporate actions, including effecting changes in the Company’s management. For instance, the Charter does not provide for cumulative voting in the
election of directors and provides for a classified board of directors with three-year staggered terms, which could delay the ability of stockholders to change the membership of a majority of the Company’s board of directors. The Company’s
board of directors are empowered to elect a director to fill a vacancy created by the expansion of the board of directors or the resignation, death, or removal of a director in certain circumstances; and the Company’s advance notice provisions
in the Bylaws require that stockholders must comply with certain procedures in order to nominate candidates to the Company’s board of directors or to propose matters to be acted upon at a stockholders’ meeting. 

The Company’s authorized but unissued Common Stock and preferred stock will be available for future issuances without stockholder
approval and could be utilized for a variety of corporate purposes, including future offerings to raise additional capital, acquisitions and employee benefit plans. The existence of authorized but unissued and unreserved Common Stock and preferred
stock could render more difficult or discourage an attempt to obtain control of the Company by means of a proxy contest, tender offer, merger or otherwise. 

Charter and Bylaws 
 Among
other things, the Charter and the Bylaws: 
  

	 	•	 	 not provide for cumulative voting in the election of directors; 

 

	 	•	 	 provides for the exclusive right of the board of directors to elect a director to fill a vacancy created by the
expansion of the board of directors or the resignation, death, or removal of a director by stockholders; 

  

	 	•	 	 permits the board of directors to determine whether to issue shares of the Company’s preferred stock and to
determine the price and other terms of those shares, including preferences and voting rights, without stockholder approval; 

  

	 	•	 	 prohibits stockholder action by written consent; 

 

	 	•	 	 requires that a special meeting of stockholders may be called only by the chairperson of the board of directors,
the chief executive officer, the board of directors or the president; 

  

	 	•	 	 limits the liability of, and provides indemnification to, the Company’s directors and officers;

  

	 	•	 	 controls the procedures for the conduct and scheduling of stockholder meetings; 

 

	 	•	 	 provides for a classified board, in which the members of the board of directors are divided into three classes to
serve for a period of three years from the date of their respective appointment or election; 

  

	 	•	 	 grants the ability to remove directors with cause by the affirmative vote of at least a majority of the voting
power of all of the then outstanding shares of voting stock of the Company entitled to vote at an election of directors; 

  

	 	•	 	 requires the affirmative vote of at least 66 2/3% of the voting power of the outstanding shares of the
Company’s capital stock entitled to vote generally in the election of directors, voting together as a single class, to amend Articles V(B), Article VII, Article VIII, Article IX, Article X, Article XI, Article XII and Article XIII of the
Charter; and 

  

	 	•	 	 provides for advance notice procedures that stockholders must comply with in order to nominate candidates to the
board of directors or to propose matters to be acted upon at a stockholders’ meeting. 

 The combination of these
provisions will make it more difficult for the Company’s existing stockholders to replace the Company’s board of directors as well as for another party to obtain control of the Company by replacing the Company’s board of directors.
Since the Company’s board of directors has the power to retain and discharge the Company’s officers, these provisions could also make it more difficult for existing stockholders or another party to effect a change in management. In
addition, the authorization of undesignated preferred stock makes it possible for the Company’s board of directors to issue preferred stock with voting or other rights or preferences that could impede the success of any attempt to change the
Company’s control. 

 These provisions are intended to enhance the likelihood of continued stability in the
composition of the Company’s board of directors and its policies and to discourage coercive takeover practices and inadequate takeover bids. These provisions are also designed to reduce the Company’s vulnerability to hostile takeovers and
to discourage certain tactics that may be used in proxy fights. However, such provisions could have the effect of discouraging others from making tender offers for the Company’s shares of Common Stock and may have the effect of delaying changes
in the Company’s control or management. As a consequence, these provisions may also inhibit fluctuations in the market price of the Common Stock. 

The Charter provides that the Court of Chancery of the State of Delaware will be the exclusive forum for actions or proceedings brought under
Delaware statutory or common law: (A) any derivative claim or cause of action brought on behalf of the Company; (B) any claim or cause of action for breach of a fiduciary duty owed by any current or former director, officer or other
employee of the Company, to the Company or the Company’s stockholders; (C) any claim or cause of action against the Company or any current or former director, officer or other employee of the Company, arising out of or pursuant to any
provision of the DGCL, the Charter or the Bylaws (as each may be amended from time to time); (D) any claim or cause of action seeking to interpret, apply, enforce or determine the validity of the Charter or the Bylaws (as each may be amended from
time to time, including any right, obligation, or remedy thereunder); (E) any claim or cause of action as to which the DGCL confers jurisdiction on the Court of Chancery of the State of Delaware; and (F) any claim or cause of action against the
Company or any current or former director, officer or other employee of the Company, governed by the internal-affairs doctrine, in all cases to the fullest extent permitted by law and subject to the court having personal jurisdiction over the
indispensable parties named as defendants. The Charter further provides that the federal district courts of the United States of America will be the exclusive forum for resolving any complaint asserting a cause of action arising under the Securities
Act or Exchange Act. 
 Section 27 of the Exchange Act creates exclusive federal jurisdiction over all suits brought to enforce any
duty or liability created by the Exchange Act or the rules and regulations thereunder. As a result, the exclusive forum provision of the Charter will not apply to suits brought to enforce any duty or liability created by the Exchange Act or any
other claim for which the federal courts have exclusive jurisdiction. 
 Although the Company believes this provision benefits the Company
by providing increased consistency in the application of Delaware law in the types of lawsuits to which it applies, a court may determine that this provision is unenforceable, and to the extent it is enforceable, the provision may have the effect of
discouraging lawsuits against the Company’s directors and officers, although the Company’s stockholders will not be deemed to have waived the Company’s compliance with federal securities laws and the rules and regulations thereunder
and therefore bring a claim in another appropriate forum. Additionally, the Company cannot be certain that a court will decide that this provision is either applicable or enforceable, and if a court were to find the choice of forum provision
contained in the Charter to be inapplicable or unenforceable in an action, the Company may incur additional costs associated with resolving such action in other jurisdictions, which could harm its business, operating results and financial condition.

 Transfer Agent and Warrant Agent 

The transfer agent for Common Stock and warrant agent for Warrants is Continental Stock Transfer & Trust Company.EX-10.8

 Exhibit 10.8 

AMENDMENT AGREEMENT 
 This
Amendment Agreement (the “Amendment”), is made as of February 25, 2022, by and among Quanergy Systems, Inc., a Delaware corporation (f/k/a CITIC CAPITAL ACQUISITION CORP.) (the “Company”); GEM GLOBAL YIELD LLC
SCS, a “société en commandite simple” formed under the laws of Luxembourg (the “Purchaser”); and GEM YIELD BAHAMAS LIMITED, a limited company formed under the laws of the Commonwealth of the
(“GYBL,” and together with the Company and Purchaser, the “Parties”). Defined terms used but not otherwise defined herein shall have the meanings given to such terms in the Registration Rights Agreement. 

WHEREAS, the Parties are parties to that certain Registration Rights Agreement, dated as of December 3, 2021 (the
“Registration Rights Agreement”); 
 WHEREAS, in accordance with Section 10 of the Registration Rights
Agreement, the Registration Rights Agreement may be amended by a written instrument signed by the Parties; and 
 WHEREAS, the
Parties and desire to amend the Registration Rights Agreement as set forth herein. 
 NOW THEREFORE, for good and valuable
consideration, the receipt of which is hereby acknowledged, the parties hereto hereby agree as follows: 
 1. Section 1(f) of the
Registration Rights Agreement is hereby amended and restated, in its entirety as follows: 
 “(f) “Filing
Deadline” means with respect to the Registration Statement, the second (2nd) Business Day following the date on which the Company files its annual report on Form 10-K for the fiscal year ended December 31, 2021 with the Commission (the “Primary Filing Deadline”); provided that if the Company shall have failed to file the Registration Statement by
the Primary Filing Deadline, then “Filing Deadline” shall, thereafter, be deemed to mean March 10, 2022 for all purposes of this Agreement including, without limitation, Section 2(a).” 

2. This Amendment and the Registration Rights Agreement (including any and all exhibits, schedules and other instruments contemplated hereby
and thereby) constitute the entire agreement among the parties with respect to the subject matter hereof and supersede all prior agreements and understandings between them or any of them as to such subject matter. Except to the extent modified
herein, the terms and conditions of the Registration Rights Agreement shall remain in full force and effect. 
 3. This Amendment shall be
governed by the internal law of the State of New York. 
 4. This Amendment may be executed in any number of counterparts (including by
facsimile or other electronic transmission), each of which shall be deemed an original, but all of which taken together shall constitute one and the same instrument, and any of the parties hereto may execute this Amendment by signing any such
counterpart. 

 IN WITNESS WHEREOF, the Parties hereto have caused this Amendment to be duly executed
by their respective authorized officer as of the date first above written. 
  

			
	QUANERGY SYSTEMS, INC.
		
	By:	 	/s/ Patrick Archambault
	Name:	 	Patrick Archambault
	Title:	 	Chief Financial Officer

  

			
	 GEM GLOBAL YIELD LLC SCS

		
	By:	 	/s/ Christopher F. Brown
	Name:	 	 Christopher F. Brown

	Title:	 	 Manager

  

			
	 GEM YIELD BAHAMAS LTD.

		
	By:	 	/s/ Christopher F. Brown
	Name:	 	 Christopher F. Brown

	Title:	 	 Director

  
 2

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