Exhibit 10.16


 


Docket No.: 2017P00247WOUS,
2017P00351WOUS, 2017P02208WOUS


Page 1 of 2


 


ASSIGNMENT
OF RIGHTS 

Company to Company


 


WHEREAS, Siemens
Aktiengesellschaft (Hereafter “Assignor”) and Fluence Energy, LLC (Hereafter “Assignee”) (individually referred
to as “Party” and collectively as “Parties”)


 


Hereby,
(I)(A) acknowledge they have entered into certain agreements (hereinafter referred to as “the Agreements”) which
set forth certain rights, limitations and obligations regarding inventions developed by or among Parties, and/or Intellectual Property
owned by one or both of the Parties and the Parties agree that the terms of the Agreements apply to any
and all inventions; or


 


(B)(i) Agree
to the extent such Agreement(s) or similar legal document(s) failed or fails, in whole or part, to have assigned, sold
or transferred the entire right (including priority rights), title and interest, in and for the United
States and all foreign countries, in and to all inventions which are disclosed in an invention disclosure
and/or in the below-identified application or application already filed for Letters Patent, or (ii) if no
such agreement(s) exist assigning, selling or transferring any such right (including priority rights), title or interest; then for
good and valuable consideration, Assignor now and hereby, effective Nunc Pro Tunc on the filing date
of the below identified patent application(s), pending patent application(s) or granted Letter Patent(s), assigns, sell and transfers
to Assignee, its successors, assigns and legal representatives, the entire right, (including all priority rights), title and interest
in and for the United States and all foreign countries, in and
to any and all inventions and improvements which are disclosed in the following identified; patent
application(s), pending patent application(s) or granted Letter Patent(s) which are disclosed in the
application for Letters Patent or granted patent, entitled:


 


Patent
Application Title: Arrangement, in particular converter systems coupled via their DC intermediate
circuits, for compensating voltage drops in the associated network feeds, and system comprising such an assembly


Filing Date: 27 Jun 2018


Filing Number: 16/628,
121


Internal Case Number(s): 2017P00247WOUS


 


Patent Application Title: ARRANGEMENT FOR EQUALIZING
VOLTAGE DROPS IN A POWER SUPPLY MAINS AND METHOD FOR EQUALIZING VOLTAGE DROPS IN A POWER SUPPLY MAINS


Filing Date: 27 Jun 2018


Filing Number: 16/628,061


Internal Case Number(s): 2017P00351WOUS


 


Patent Application Title: UNINTERRUPTIBLE POWER SUPPLY


Filing Date: 21 Jun 2018


Filing Number: 16/628,759


Internal Case Number(s): 2017P02208WOUS


 


and in and to said
application or granted patents and all applications claiming priority to said application or granted patent, including, without
limitation, and all divisional, continuing, substitute, renewal, reissue, and all
other applications for Letters Patent which have been or shall be filed in the United States and all
foreign countries on any of the inventions or improvements; and in and to all original and reissued
patents which have been or shall be filed in the United States
and all foreign countries on the inventions or improvements;


 






    


     


    

 


Docket
No.: 2017P00247WOUS, 2017P00351WOUS,
2017P02208WOUS


Page 2
of 2


 


(II)
Agree that the Assignee may apply for and receive Letters Patent for
said improvements in its own name; and
that, when requested, without charge
to but at the expense of said Assignee, its successors, assigns
and legal representatives, to carry out in good faith the intent and
purpose of this assignment, the undersigned will execute
all divisional, continuing, substitute, renewal,
reissue, and all other patent
applications on any and all the inventions
or improvements; execute
all rightful oaths, assignments,
powers of attorney and other papers; communicate to said Assignee, its
successors, assigns, and legal representatives,
all facts known to the undersigned relating to the inventions
or improvements and the history thereof; and generally do everything possible
which said Assignee,
its successors, assigns or legal representatives shall consider desirable
for aiding in securing and maintaining proper patent protection
for the inventions or improvements and for vesting title to the
inventions or improvements and all applications for patents and all patents on the inventions
or improvements, in said Assignee,
its successors,
assigns and legal representatives; and


 


(III) Covenant with said
Assignee, its successors, assigns and legal representatives that no assignment, grant, mortgage, license or other agreement
affecting the rights and property herein conveyed has been made to others by the undersigned, and that full right to convey the same
as herein expressed is possessed by the undersigned.


 


The
Parties acknowledge and agree that the inventor(s) may have previously assigned its rights (including all and any priority rights)
in one or more above-referenced applications for Letters Patents directly to a Party as directed by the other Party, consistent
with the Agreements. Any such directed assignment shall remain in full force and effect and shall
take precedence over this Assignment to the extent any conflict exists.


 


	Siemens Aktiengesellschaft	 	 
	 	 	 	 
	Signature(s)	/s/ Michael Gollwitzer	 	/s/ Daniel Maier
	 	 	 	 
	Name(s)	Michael Gollwitzer	 	Daniel Maier
	 	 	 	 
	Title	Both authorized officers	 	 
	 	 	 	 
	Date	March 1, 2021	 	 
	 	 	 	 
	Fluence Energy, LLC	 	 
	 	 	 
	Signature(s)	/s/ Brett L. Galura	 	/s/ Francis A. Fuselier
	 	 	 	 
	Name(s)	Brett L. Galura	 	Francis A. Fuselier
	 	 	 	 
	Title	CTO	 	Secretary
	 	 	 	 
	Date	March 19, 2021	 	April 6, 2021


 






    


     


    

 









 


	Absender	Ort, Datum	 
	Sender	Place, date	 
	Expéditeur	Lieu, date	 






 


	An
    das	 	 
	Deutsche Patent- und Markenamt	 	 
	80297 München	 	 


 


Betr.: Antrag auf Umschreibung von Patenten / Patentanmeldungen


Ref.: Request to record the details of transfer of ownership of
patents / patent applications


Concerne: Requête en enregistrement de transfert de brevets
/ demandes de brevets


 


Es wird beantragt, folgende(s) Patent(e) / Patentanmeldung(en)


It is hereby requested to record the transfer of ownership of
the following patent(s) / patent application(s)


Par la présente, les soussignés requiérent
I’enregistrement du transfert du (des) brevet(s) suivant(s) / de la (des) demande(s) de brevet suivante(s)


 


	(Aktenzeichen) (file number/s) (numéro du dossier)	 
	10 2017 211 351.0	10
    2017 211 356.1	10 2017 211 355.3


 


im Register des Deutschen Patent- und Markenamts umzuschreiben
von


in the register of the German Patent and Trade Mark Office, from the


au registre de I’Office allemand des brevets et des marques
de


 


(eingetragener Anmelder / lnhaber) (registered applicant /
owner) (déposant / titulaire enregistré)


Siemens Aktiengesellschaft


 


auf


to
the


à I’acquéreur suivant


 


(Erwerber) (assignee) (nom de I’acquéreur)


Fluence Energy, LLC, 4300 Wilson Blvd, Suite 900, Arlington VA
22203, UNITED STATES OF AMERICA


 


	Unterschrift
    des eingetragenen Anmelders / lnhabers oder Vertreters	Unterschrift des Erwerbers oder Vertreters
	Signature of the registered applicant / owner or representative	Signature of the assignee or representative
	Signature du déposant / titulaire enregistré ou du mandataire	Signature de I’acquéreur ou du mandataire
	 	 
	Siemens Aktiengesellschaft	Fluence Energy, LLC
	 	 	 
	/s/ Milzarek	/s/ Rubik-Beierlorzer	/S/ BRETT GALURA	/s/ Francis A. Fuselier
	Milzarek	Rubik-Beierlorzer	BRETT  GALURA	Francis A. Fuselier

	Handlungsbevollmächtigte(r)	 	CTO	General Counsel




 


Bei den Unterschriften sind die Namen in Druckbuchstaben
zu wiederholen.


Bei Firmen Bezeichnung
laut Handelsregister mit zusätzlicher Funktionsbezeichnung des / der Unterzeichner/s.


Please indicate the name also in block capitals.


In case of companies, name of the
company as registered in the commercial register and indication of the position/s of the undersigned.


Les noms des signataires doivent
 également étre indiqués en caractéres d’imprimerie.


S’il s’agit d’un établissement, il convient d’apporter le
nom commercial selon le registre du commerce avec mention additionnelle de la position du (des) soussigné(s).


 


Hinweis:


Bei mehreren (kűnftigen) Anmeldern / Inhabern muss zusätzlich
zum Umschreibungsantrag ein gemeinsamer Zustellungs-bevollmächtigter von allen künftigen Anmeldern / Inhabern benannt werden.


 


Nur auszufűllen von Patent-
und Rechtsanwälten - sofern zutreffend - :


		 ̈	Wir
vertreten die  /den






		 ̈	bisherige/n Patentanmelder/in
/ Patentinhaber/in



		 ̈	kűnftige/n Patentanmelder/in /
Patentinhaber/in



 


Name und Unterschrift des Patent- oder Rechtsanwalts


 


IDNR: 4168 / 31.07.2009


 




     


     


    

 



 


2017P02208DE, 2017P00351DE, 2017P00247DE


 




ACT OF ASSIGNMENT


 


This Act is entered into by and between


 


		1.	Siemens Aktiengesellschaft
	 	 	Werner-von-Siemens-Straße 1
	 	 	80333 München, GERMANY



(hereinafter called “the ASSIGNOR”); and


 


		2.	Fluence Energy, LLC
	 	 	4300 Wilson Blvd, Suite 900
	 	 	Arlington VA 22203
	 	 	UNITED STATES OF AMERICA



(hereinafter called “the ASSIGNEE”).


 


WHEREAS


 


		A.	The ASSIGNOR is owner of the patent applications being identified in the Schedule attached
(hereinafter “the PATENT”).



 


		B.	The PARTIES have entered into an agreement according to which the ASSIGNOR agreed to assign and transfer to the ASSIGNEE all of its
rights, title and interest in and to the PATENT.



 


NOW THEREFORE,


 


		(1)	The ASSIGNOR hereby – subject to continuing rights (e.g. licenses) - assigns to the ASSIGNEE all of its rights, title and
                                                            interest in and to the PATENT, including the right to claim priority and to sue for damages and other remedies in respect of any
                                                            infringement of the patents which may have occurred prior to the date hereof.



 


		(2)	The ASSIGNEE hereby accepts such assignment.



 


		(3)	The ASSIGNEE explicitly agrees to request the registration of the change of ownership in the respective official register at its own
cost without undue delay.



 


	Siemens
Aktiengesellschaft	 



 


	Place/Ort, Date/Datum:	Erlanqen, 03 NOV 2020	 



 


	/s/ Milzarek                    /s/ Rubik-Beierlorzer	


 


	Name:	Milzarek            Rubik-Beierlorzer	 


 

	(Print/Druckbuchstaben)	 	 


 

	Title/Titel: 	Both authorized officers	 




 







ABTRETUNGSVEREINBARUNG


 


Diese Vereinbarung wird getroffen zwischen


 





		1.	Siemens Aktiengesellschaft
	 	 	Werner-von-Siemens-Straße 1
	 	 	80333 München, GERMANY





(im Weiteren “ABTRETENDE”); und


 


		2.	Fluence Energy, LLC
	 	 	4300 Wilson Blvd, Suite 900
	 	 	Arlington VA 22203
	 	 	UNITED STATES OF AMERICA





(im Weiteren “ABTRETUNGSEMPFÄNGERIN”).


 


WÄHREND


 


		A.	die ABTRETENDE lnhaberin mehrerer Patentanmeldungen, die im Anhang gelistet sind (im Weiteren “PATENT”), ist;



 


		B.	die PARTEIEN einen Vertrag geschlossen haben, aufgrund dessen die ABTRETENDE gegenüber der ABTRETUNGSEMPFÄNGERIN verpflichtet ist,
alle Rechte an dem und auf das PATENT zu übertragen;



 


DIES VORAUSGESCHICKT,


 


		(1)	überträgt die ABTRETENDE – abgesehen von fortbestehenden Rechten (z.B. Lizenzen) - hiermit auf die
                                                            ABTRETUNGSEMPFÄNGERIN alle Rechte an dem und auf das PATENT, einschließlich des Rechts, die Priorität in Anspruch zu
                                                            nehmen und Schadensersatzansprüche sowie sonstige Ansprüche aufgrund der Verletzung der Patente, die vor dem Tag dieser
                                                            Vereinbarung entstanden sind, gerichtlich geltend zu machen.



 


		(2)	Die ABTRETUNGSEMPFÄNGERIN nimmt die Abtretung hiermit an.



 


		(3)	Die ABTRETUNGSEMPFÄNGERIN verpfitchtet sich, die Umschreibung des PATENTS beim jeweiligen Patentamt unverzüglich
auf eigene Kosten zu beantragen.



 


	Fluence Energy,
LLC	 



 


	Place/Ort, Date/Datum:	13 Nov 2020	 



 


	/s/ Brett
Galura    	 /s/ Francis A. Fuselier



 


	Name:	BRETT GALURA	Francis A. Fuselier



 


	(Print/Druckbuchstaben)	 



 


	Title/Titel:	 CTO           	General Counsel









 





 






     

     


    





 


2017P02208DE, 2017P00351DE, 2017P00247DE


 


Annex to the Act of Assignment


 






     


     


    

 


	2017P00247WE,
    2017P00351WE, 2017P02208WE	 
	 	 
	Übertragungserklärung	Declaration of Assignment	Déclaration de cession
	 	 	 
	für Patente, Gebrauchsmuster, Marken,	for Patents, Utility Model Rights,	pour les brevets, les droits lies aux
	deren Anmeldungen sowie IR-Marken	Trademarks	modèles
    d'utilité, les marques, leurs
	 	their applications and International	demandes et les enregistrements
	 	Trademarks	internationaux
	 	 	 
	Die unterzeichnete(n) Inhaber(in)	I/we the undersigned owner	Je/nous, soussigné(s) propriétaire(s)
	der/des folgenden Schutzrechte(s)	of the following protective	des droits ou demandes de propriété
	 	right(s)/application(s)	intellectuelle suivant
	 	 	 
	 	18739761.7, 18739763.3, 18739466.3	 








	 	 
	überträgt diese(s) mit allen Rechten und Pflichten auf	herewith assign those with all rights
and duties to	cèdons ceux-ci
    avec pleins droits et obligations à
	 	Fluence Energy, LLC	 
	 	4300 Wilson Blvd, Suite 900	 
	 	Arlington VA 22203	 
	 	United States of America	 
	 	 	 






	und erklärt / erklären sich gleichzeitig mit	and agree that the assignment is recorded	et approuve que cet enregistrement
	der Umschreibung	in the	soit
    inscrit à un office des
	auf die Erwerber(in) einverstanden.	Patent Office.	brevets/marques.
	 	 	 
	Ort/Datum:	Place/Date:	Lieu/Date:
	 	Erlangen, 27.11.2020	 
	 	Siemens Aktiengesellschaft	 



 


	 	/s/ Michael Gollwitzer	 	/s/ Daniel
Maier	 
	 	Michael Gollwitzer	 	Daniel
Maier	 
	 	Prokurist	 	Prokurist	 



 


	Unterschrift der Abtretenden	Signature of the assignor	Signature du cédant
	 	 	 
	Keine Beglaubigung erforderlich	Attestation is not required	Aucune certification nécessaire








	 	 	 
	Annahme-Erklärung	Declaration
of Acceptance	Déclaration d'acceptation
	 	 	 
	Mit vorstehender
 Übertragung erklären	I/We hereby agree to the afore-mentioned	Je/nous attestons favorablement de la
	wir uns einverstanden und beantragen	assignment and apply for recording
of the	cession sus-mentionnée et
	die Umschreibung in den betreffenden	assignment in the registers of the Patent 	demandons
l'inscription de la cession
	Registern.	Office.	au registre de l'office de
	 	 	brevet/marque.
	 	 	 
	Die Umschreibungsgebühr in Höhe	The assignment fee amounting	La taxe de cession d'un montant de
	von € 315,00 wird entrichtet	to € 315,00 has been/will be transfered.	€ 315,00 a été/sera acquittée
	 	 	 
	Ort/Datum:	Place/Date:	Lieu/Date:
	 	Arlington, Virginia USA, 6 April 2021	 
	 	Fluence Energy, LLC	 



 


		/s/ Francis A. Fuselier	 



 


	Unterschrift der Erwerber(in)	Signature of assignee	Signature de l'acquėreur
	 	 	 
	Keine Beglaubigung erforderlich	Attestation is not required	Aucune certification nécessaire
	IDNR: 2650 / 06.08.2009	 	 



 






     


    1


    


 



 


201700351WOIN


 


DEED
OF ASSIGNMENT


 


WHEREAS, WE,


 


Siemens Aktiengesellschaft, Werner-von-Siemens-Straße
1, 80333 München,


 


Germany


 


(hereinafter
called the Assignor) is the proprietor of the invention covered in the
Indian Patent Application No./ Indian Patent No. 201917054642


 


AND WHEREAS,


 


Fluence Energy, LLC, 4300
Wilson Blvd, Suite 900, Arlington VA 22203,


 


United States of America


 


(hereinafter
called the Assignee) are desirous of acquiring the entire right, title and interest of the
Assignor in and to the aforesaid Patent.


 


NOW, THEREFORE,
TO ALL WHOM IT MAY CONCERN, be it known that for and in consideration of a sum of Euro 10.00 the (receipt of which is hereby acknowledged
by the Assignor) Assignor as beneficial owner, hereby agrees to sell, assign and transfer unto the said Assignee, its successors and assigns,
entire right, title and interest in and to the aforesaid patents and by these presents does sell,
assign and transfer unto the said Assignee, its successors, and assigns, its entire right, title and interest in and to the aforesaid
patents in India and all the singular, the liberties, powers, privileges and advantages, whatsoever appertaining or belonging thereto
the same to be held and enjoyed by the Assignee as fully and entirely as the same would have been held by the Assignor had this Assignment
not been made.


 


The
Assignor consents to the Assignee recording the Assignment in their favour and the said Assignor
agrees to do all that may be necessary or required to put the foregoing into effect.


 






    


    2


    

 


2017P00351WOIN


 


IN WITNESS WHEREOF, the said Assignor
has executed this document on
the 1st day
of March 2021


 


	WITNESSES:	Siemens
Aktiengesellschaft
	 	 
	 	/s/ Michael Gollwitzer	/s/ Daniel Maier
	 	Michael Gollwitzer	Daniel Maier
	 	Both authorized officers



 


We,


 


Fluence Energy, LLC, 4300
Wilson Blvd, Suite 900, Arlington VA 22203, United States of America confirm our
acceptance of this Assignment.


 


Dated
this 6th day of April of 2021


 


	WITNESS:	Fluence
Energy, LLC
	 	 
	 	/s/ Brett Galura	/s/ Francis A. Fuselier
	 	Brett Galura 	Francis A. Fuselier
	 	CTO	Secretary