0001193125-20-308489 Sample Contracts

QUANTUMSCAPE CORPORATION INDEMNIFICATION AGREEMENT
Indemnification Agreement • December 2nd, 2020 • QuantumScape Corp • Miscellaneous electrical machinery, equipment & supplies • Delaware

This Indemnification Agreement (this “Agreement”) is dated as of [insert date], and is between QuantumScape Corporation, a Delaware corporation (the “Company”), and [insert name of indemnitee] (“Indemnitee”).

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QUANTUMSCAPE CORPORATION STOCK OPTION AGREEMENT
Stock Option Agreement • December 2nd, 2020 • QuantumScape Corp • Miscellaneous electrical machinery, equipment & supplies • California

Unless otherwise defined herein, the terms defined in the QuantumScape Corporation 2020 Equity Incentive Plan (the “Plan”) will have the same defined meanings in this Stock Option Agreement which includes the Notice of Stock Option Grant, the Terms and Conditions of Stock Option Grant, attached hereto as Exhibit A, and all appendices and exhibits attached thereto (all together, the “Option Agreement”).

QUANTUMSCAPE CORPORATION RESTRICTED STOCK UNIT AGREEMENT
Restricted Stock Unit Agreement • December 2nd, 2020 • QuantumScape Corp • Miscellaneous electrical machinery, equipment & supplies • California

Unless otherwise defined herein, the terms defined in the QuantumScape Corporation 2020 Equity Incentive Plan (the “Plan”) will have the same defined meanings in this Restricted Stock Unit Agreement which includes the Notice of Restricted Stock Unit Grant, the Terms and Conditions of Restricted Stock Unit Grant, attached hereto as Exhibit A, and all exhibits attached thereto (all together, the “RSU Agreement”).

QUANTUMSCAPE CORPORATION RESTRICTED STOCK AWARD AGREEMENT
Restricted Stock Award Agreement • December 2nd, 2020 • QuantumScape Corp • Miscellaneous electrical machinery, equipment & supplies • California

Unless otherwise defined herein, the terms defined in the QuantumScape Corporation 2020 Equity Incentive Plan (the “Plan”) will have the same defined meanings in this Restricted Stock Award Agreement which includes the Notice of Restricted Stock Grant, the Terms and Conditions of Restricted Stock Grant, attached hereto as Exhibit A, and all appendices and exhibits attached thereto (all together, the “Restricted Stock Agreement”).

LOCK-UP AGREEMENT
Lock-Up Agreement • December 2nd, 2020 • QuantumScape Corp • Miscellaneous electrical machinery, equipment & supplies • Delaware

The undersigned signatory of this lock-up agreement (this “Letter Agreement”) understands that Kensington Capital Acquisition Corp., a Delaware corporation (“KCAC”), has entered into the Business Combination Agreement (as the same may be amended from time to time, the “BCA”), dated as of September 2, 2020, with Kensington Merger Sub Corporation, a Delaware corporation and a wholly-owned subsidiary of KCAC (“Merger Sub”), and QuantumScape Corporation, a Delaware corporation (the “Company”), pursuant to which, among other things, Merger Sub will merge with and into the Company, with the Company continuing as the surviving entity (the “Merger”) and as a wholly-owned subsidiary of KCAC, upon the terms and subject to the conditions set forth in the BCA and in accordance with applicable law (the “Effective Time”).

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