QUANERGY SYSTEMS, INC.
AMENDED 2013 STOCK INCENTIVE PLAN
EFFECTIVE AS OF JANUARY 9, 2013
ADOPTED BY THE BOARD OF DIRECTORS: JANUARY 9, 2013
APPROVED BY THE STOCKHOLDERS: FEBRUARY 4, 2013
AMENDED BY THE BOARD OF DIRECTORS: OCTOBER 28, 2014
AMENDED BY THE STOCKHOLDERS: OCTOBER 30, 2014
AMENDED BY THE BOARD OF DIRECTORS: MARCH 13, 2015
AMENDED BY THE STOCKHOLDERS: MARCH 13, 2015
AMENDED BY THE BOARD OF DIRECTORS: MARCH 4, 2016
AMENDED BY THE STOCKHOLDERS: MARCH 4, 2016
AMENDED BY THE BOARD OF DIRECTORS: APRIL 16, 2018
AMENDED BY THE BOARD OF DIRECTORS: JULY 23, 2020
AMENDED BY THE STOCKHOLDERS: JULY 28, 2020
AMENDED BY THE BOARD OF DIRECTORS: FEBRUARY 3, 2021
AMENDED BY THE STOCKHOLDERS: FEBRUARY 4, 2021
AMENDED BY THE BOARD OF DIRECTORS: MARCH 21, 2021
AMENDED BY THE STOCKHOLDERS: MARCH 29, 2021
SECTION 1. INTRODUCTION.
The Companys Board of Directors adopted the Quanergy Systems, Inc. (fka Quanergy, Inc.) 2013 Stock Incentive Plan effective as of the Adoption Date, subject to obtaining Company stockholder approval as provided in Section 13 below. Awards granted under the Plan prior to the Stockholder Approval Date may not be exercised or Shares released to any Participant until such stockholder approval is obtained.
The purpose of the Plan is to promote the long-term success of the Company and the creation of stockholder value by offering Key Employees an opportunity to acquire a proprietary interest in the success of the Company, or to increase such interest, and to encourage such Key Employees to continue to provide services to the Company and to attract new individuals with outstanding qualifications.
The Plan seeks to achieve this purpose by providing for Awards in the form of Options (which may constitute Incentive Stock Options or Nonstatutory Stock Options), Restricted Stock Unit Awards and/or Restricted Stock Grants.
Capitalized terms shall have the meaning provided in Section 2 unless otherwise provided in this Plan or any related Stock Option Agreement, Restricted Stock Unit Agreement or Restricted Stock Grant Agreement.
SECTION 2. DEFINITIONS.
(a) Adoption Date means January 9, 2013.
(b) Affiliate means any entity other than a Subsidiary, if the Company and/or one or more Subsidiaries own not less than 50% of such entity.
(c) Award means any award of an Option, Restricted Stock Unit Award, or Restricted Stock Grant under the Plan.