Confidential Certain information has been excluded from this exhibit because it (i) is not material and LITIGATION SETTLEMENT AND PATENT CROSS LICENSE AGREEMENTLitigation Settlement and Patent Cross License Agreement • November 30th, 2022 • Quanergy Systems, Inc. • Motor vehicle parts & accessories • California
This Litigation Settlement and Patent Cross License Agreement (“Settlement Agreement”) is entered into by and between Velodyne Lidar USA, Inc., a Delaware corporation with its place of business at 5521 Hellyer Ave., San Jose CA 95138 on behalf of itself and its Affiliates (“Velodyne”) and Quanergy Systems Inc., a Delaware corporation with its place of business at 433 Lakeside Dr., Sunnyvale, CA 94085 on behalf of itself and its Affiliates (“Quanergy”), effective as of November 22, 2022 (the “Effective Date”). Velodyne and Quanergy (each a “Party” and collectively the “Parties”) hereby agree as follows.
