Document:

ex10_1.htm

    
      

    

    
      
        
          
            
               

              
                	
                        DATED

                      	 	
                        7
      January
2009

                      

              

            

          

        

      

    

    
      

    

    
      MANDARIN
DRILLING CORPORATION

    

    
      

    

    
      and

    

    
      

    

    
      OFFSHORE
GROUP INVESTMENT LIMITED

    

    
      and

    

    
      

    

    
      VALENCIA
DRILLING CORPORATION

    

    
      

    

    
      and

    

    
      

    

    
      VANTAGE
DEEPWATER COMPANY

    

    
      

    

    
      and

    

    
      

    

    
      F3
CAPITAL

    

    
       

      
        
          

        

      

    

    
      TERMINATION
AGREEMENT

    

    
      relating
to a Purchase Agreement in respect of

    

    the
Drillship having hull number 3601

    
      

    

     

    
      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

    

    
      THIS AGREEMENT is made on the
7 day of January 2009

    

    
      

    

    
      BETWEEN:

    

    
      

    

    
      
        	
                (1)

              	
                MANDARIN DRILLING CORPORATION,
      is a company organised and existing under the laws of the Marshall
      Islands having its registered office at Trust Company Complex, Ajeltake
      Road, Ajeltake Island, Majuro, Marshall Islands MH96960 (the Seller);
      and

              

      

    

    
      

    

    
      
        	
                (2)

              	
                OFFSHORE GROUP INVESTMENT
      LIMITED a company organised
      and existing under the laws of the Cayman Islands, having its registered
      office at c/o Maples Corporate
      Services Limited, P.O. Box 309 Ugland House, Grand Cayman, Kyl-1104,
      Cayman Island, (the Buyer);
    and

              

      

    

    
      

    

    
      
        	
                (3)

              	
                VALENCIA DRILLING CORPORATION,
      a corporation organized and existing under the laws of the Marshall
      Islands (Valencia);
  and

              

      

    

    
      

    

    
      
        	
                (4)

              	
                VANTAGE DEEPWATER COMPANY,
      a Cayman Islands exempted company (Vantage);
      and

              

      

    

    
      

    

    
      
        	
                (5)

              	
                F3 CAPITAL, a company organized
      and existing under the laws of the Cayman Islands, having its registered
      office at c/o Campbell Corporate Services Limited, Scotia Centre, PO Box
      268, Grand Cayman KYl-1104, Cayman Islands (F3)

              

      

    

    
      

    

    
      (referred
to collectively as the parties)

    

    
      

    

    
      WHEREAS:

    

    
      

    

    
      
        	
                (A)

              	
                On 13 September 2007
      the Seller entered into a shipbuilding contract with Daewoo Shipbuilding
      & Marine Engineering Co. Ltd in respect of the construction of one
      drillship having ship number 3601 (the Vessel).

              

      

    

    
      

    

    
      
        	
                (B)

              	
                By
      a purchase agreement dated 24 March 2008 (the Purchase Agreement) the
      Seller has agreed to sell the Vessel to the
  Buyer.

              

      

    

    
      

    

    
      
        	
                (C)

              	
                The
      parties wish to terminate the Purchase
  Agreement.

              

      

    

    
      

    

    
      
        	
                (D)

              	
                On
      18 November 2008 F3 Capital and Vantage Deepwater Company entered into a
      Share Sale and Purchase Agreement pursuant to which F3 Capital has agreed
      to sell shares in the capital of the Seller to Vantage Deepwater Company
      (the Share Sale and Purchase
      Agreement).

              

      

    

    
      

    

    
      	
              (E)

            	
              Valencia
      and not the Seller as premised in clause 22 of the Purchase Agreement has
      entered into a contract with Daewoo Shipbuilding & Marine Engineering
      Co. Ltd for the construction and purchase of the ultra-deepwater
      drillship, hull #3602 (the Second Vessel), and
      clause 22 of the Purchase Agreement should have stated that Valencia, and
      not the Seller, grants the Buyer an option to purchase the Second Vessel
      (the Option).

            

    

    

    
      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

    

    
      IT IS AGREED as
follows:

    

    
      

    

    
      
        	
                1.

              	
                Words
      and expressions used in this Agreement shall, to the extent applicable and
      unless defined in this Agreement or the context otherwise requires, have
      the meaning ascribed to them in the Purchase
  Agreement

              

      

    

    
      

    

    
      
        	
                2.

              	
                Termination
      of the Purchase Agreement shall not affect the terms of any of the clauses
      or agreements referred to in clause 4. Except as provided in the preceding
      sentence, termination of the Purchase Agreement shall relieve each party
      from any liability or obligation for any matter, undertaking or condition
      which has not been done, observed or performed by that party, before
      termination or is required to be observed or performed by that party,
      after termination.

              

      

    

    
      

    

    
      
        	
                3.

              	
                The
      parties agree that the Purchase Agreement shall terminate effective as of
      the initial closing date of the Share Sale and Purchase Agreement and
      shall immediately cease to be of any effect
  thereafter.

              

      

    

    
      

    

    
      
        	
                4.

              	
                The
      following provisions of the Purchase Agreement,
  namely:

              

      

    

    
      

    

    
      
        	
              	
                (a)

              	
                23(a)
      (Notices);

              

      

    

    
      

    

    
      
        	
              	
                (b)

              	
                23(f)
      (Severability);
      and

              

      

    

    
      

    

    
      
        	
              	
                (c)

              	
                23(g)
      (Governing Law and
      Jurisdiction),

              

      

    

    
      

    

    
      are to
apply as if they were set out in this Agreement, but with references in those
clauses of the Purchase Agreement being replaced by references to this
Agreement.

    

    
      

    

    
      
        	
                5.

              	
                Satisfaction of the
      Option

              

      

    

    
      

    

    
      
        	
                5.1

              	
                In
      lieu of the $10,000,000 fee that the Buyer is obliged to pay to the Seller
      for the lapse of the Option which was granted to the Buyer pursuant to
      clause 22 of the Purchase Agreement, Vantage hereby agrees to issue to F3,
      7,299,270 ordinary shares of Vantage (the Shares) in full
      settlement of such
obligation.

              

      

    

    
      

    

    
      
        	
                5.2

              	
                Within
      2 business days of execution of this agreement, Vantage shall file an
      Additional Listing Application with the American Stock Exchange seeking
      approval for the listing of the Shares. The Shares shall be issued by
      Vantage to F3 and Vantage will deliver to F3 a share certificate for all
      of the Shares, in each case as soon as practicable, after receipt by
      Vantage of approval by AMEX of such Additional Listing
      Application.

              

      

    

    
      

    

    
      
        	
                6.

              	
                Representation and
      Covenants of the
Seller.

              

      

    

    
      

    

    
      
        	
                6.1

              	
                The
      Seller hereby represents, warrants and covenants to the Buyer, as
      follows:

              

      

    

    
      

    

    
      	
               
      

            	
              (a)

            	
              Due
      Organization. The Seller has
      been duly organized, validly exists and is in good standing, as
      applicable, under the laws of the jurisdiction of its
      organization.

            

    

    

    
      
        
           

        

        
          3

          
            

          

        

        
           

        

      

    

    

    
      
        	
              	
                (b)

              	
                Power; Due
      Authorization; Binding Agreement. The Seller has
      full legal capacity, power and authority to execute and deliver this
      agreement, to perform its obligations hereunder, and to consummate the
      transactions contemplated hereby. The execution and delivery of this
      agreement, and the consummation of the transactions contemplated hereby by
      the Seller, have been duly and validly authorized by all necessary action
      on the part of the Seller, and no other proceedings on the part of the
      Seller are necessary to authorize this Agreement, or to consummate the
      transactions contemplated hereby. This Agreement has been duly and validly
      executed and delivered by the Seller and constitutes a valid and binding
      agreement of the Seller, enforceable against the Seller in accordance with
      its terms, except that enforceability may be subject to the effect
      of:

              

      

    

    
      

    

    
      
        	
              	
                (i)

              	
                any
      applicable bankruptcy, reorganization, receivership, conservatorship,
      insolvency, moratorium or other similar laws affecting or relating to the
      enforcement of creditors' rights generally and to general principles of
      equity and;

              

      

    

    
      

    

    
      
        	
              	
                (ii)

              	
                any
      laws relating to the availability of specific performance, injunctive
      relief, or other equitable remedies, regardless of whether considered in a
      proceeding in law or equity.

              

      

    

    
      

    

    
      
        	
              	
                (c)

              	
                No
      Conflicts. The execution and
      delivery of this Agreement by the Seller does not, and the performance of
      the terms of this agreement by the Seller will
  not:

              

      

    

    
      

    

    
      
        	
              	
                (i)

              	
                require
      the Seller to obtain the consent or approval of any other person pursuant
      to any agreement, obligation or instrument binding on the Seller or its
      properties and assets; or

              

      

    

    
      

    

    
      
        	
              	
                (ii)

              	
                conflict
      with or violate any organizational document or law, rule, regulation,
      order, judgment or decree applicable to the Seller or by which any
      property or asset of the Seller is bound;
or

              

      

    

    
      

    

    
      
        	
              	
                (iii)

              	
                violate
      any other agreement to which the Seller is a
  party.

              

      

    

    
      

    

    
      
        	
                7.

              	
                Representations and
      Warranties of the
Buyer.

              

      

    

    
      

    

    
      
        	
                7.1

              	
                The
      Buyer hereby represents and warrants to as
  follows.

              

      

    

    
      

    

    
      
        	
              	
                (a)

              	
                Due
      Organization. The Buyer has
      been duly organized, validly exists and is in good standing, as
      applicable, under the laws of the jurisdiction of its
      organization.

              

      

    

    
      

    

    
      	
               
      

            	
              (b)

            	
              Power; Due
      Authorization; Binding Agreement. The Buyer has
      full legal capacity, power and authority to execute and deliver this
      agreement, to perform its obligations hereunder, and to consummate the
      transactions contemplated hereby. The execution and delivery of this
      agreement, and the consummation of the transactions contemplated hereby by
      the Buyer, have been duly and validly authorized by all necessary action
      on the part of the Buyer, and no other proceedings on the part of the
      Buyer are necessary to authorize this, agreement,
  or

            

    

    

    
      
        
           

        

        
          4

          
            

          

        

        
           

        

      

    

    

    
      to
consummate the transactions contemplated hereby. This agreement has been duly
and validly executed and delivered by the Buyer and constitutes a valid and
binding agreement of the Buyer, enforceable against the Buyer in accordance with
its terms, except that enforceability may be subject to the effect
of

    

    
      

    

    
      
        	
              	
                (i)

              	
                any
      applicable bankruptcy, reorganization, receivership, conservatorship,
      insolvency, moratorium or other similar laws affecting or relating to the
      enforcement of creditors' rights generally and to general principles of
      equity; and

              

      

    

    
      

    

    
      
        	
              	
                (ii)

              	
                any
      laws relating to the availability of specific performance, injunctive
      relief, or other equitable remedies, regardless of whether considered in a
      proceeding in law or equity.

              

      

    

    
      

    

    
      
        	
              	
                (c)

              	
                No
      Conflicts. The execution and
      delivery of this agreement by the Buyer does not, and the performance of
      the terms of this agreement by the Buyer will
  not:

              

      

    

    
      

    

    
      
        	
              	
                (i)

              	
                require
      the Buyer to obtain the consent or approval of any governmental or
      regulatory authority, domestic or foreign;
or

              

      

    

    
      

    

    
      
        	
              	
                (ii)

              	
                conflict
      with or violate the organizational documents of the Buyer;
    or

              

      

    

    
      

    

    
      
        	
              	
                (iii)

              	
                require
      the consent or approval of any other person pursuant to any agreement,
      obligation or instrument binding on the Buyer or its properties and
      assets; or

              

      

    

    
      

    

    
      
        	
              	
                (iv)

              	
                conflict
      with or violate any organizational document or law, rule, regulation,
      order, judgment or decree applicable to the Buyer or by which any property
      or asset of the Buyer is bound;
or

              

      

    

    
      

    

    
      
        	
              	
                (v)

              	
                violate
      any other agreement to which the Buyer is a
  party.

              

      

    

    
      

    

    
      
        	
                8.

              	
                Each
      party undertakes that it shall not at any time after the date of this
      agreement use, divulge or communicate to any person (except to its
      professional representatives or advisers or as may be required by law or
      any legal or regulatory authority) any confidential information concerning
      the terms of this agreement or the Purchase Agreement and each of the
      parties shall use its reasonable endeavours to prevent the publication or
      disclosure of any confidential information concerning such
      matters.

              

      

    

    
      

    

    
      
        	
                9.

              	
                This
      Agreement may be executed in any number of counterparts and by the parties
      to it on separate counterparts, each of which shall be an original but all
      of which together shall constitute one and the same
      instrument.

              

      

    

    
      

    

    
      
        	
                10.

              	
                A
      person who is not a party to this Agreement shall have no right under the
      Contracts (Rights of Third Parties) Act 1999 to enforce any of its
      terms.

              

      

    

    
      

    

    AS WITNESS this Agreement has been
executed as a deed on the day and year first before written.

    

    
      
        
           

        

        
          5

          
            

          

        

        
           

        

      

    

     

    
      
        
          
            
              
                
                  
                    
                      	
                              SIGNED
      and DELIVERED

                            	
                              )

                            	 	 
      	 
	
                              as
      a DEED

                            	
                              )

                            	 	 
      	 
	
                              by Hsin
      Chi Su

                            	
                              )

                            	 	
                              /s/
      Hsin Chi Su

                            	 
	
                              for
      and on behalf of

                            	
                              )

                            	 	
                              Authorised
      Signatory

                            	 
	
                              MANDARIN
      DRILLING CORPORATION

                            	
                              )

                            	 	 
      	 
	 
      	
                              )

                            	 	 
      	 
	
                              SIGNED
      and DELIVERED

                            	
                              )

                            	 	 
      	 
	
                              as
      a DEED

                            	
                              )

                            	 	 
      	 
	
                              by
      

                            	
                              )

                            	 	
                              

                                /s/
      Paul A. Bragg

                              

                            	 
	
                              for
      and on behalf of

                            	
                              )

                            	 	
                              Authorised
      Signatory

                            	 
	
                              OFFSHORE
      GROUP INVESTMENT LIMITED

                            	
                              )

                            	 	 
      	 
	 
      	 
      	 	 
      	 
	
                              SIGNED
      and DELIVERED

                            	
                              )

                            	 	 
      	 
	
                              as
      a DEED

                            	
                              )

                            	 	 
      	 
	
                              by Hsin
      Chi Su

                            	
                              )

                            	 	
                              

                                /s/
      Hsin Chi Su

                              

                            	 
	
                              for
      and on behalf of

                            	
                              )

                            	 	
                              Authorised
      Signatory

                            	 
	
                              VALENCIA
      DRILLING CORPORATION

                            	
                              )

                            	 	 
      	 
	 
      	 
      	 	 
      	 
	
                              SIGNED
      and DELIVERED

                            	
                              )

                            	 	 
      	 
	
                              as
      a DEED

                            	
                              )

                            	 	 
      	 
	
                              by
      

                            	
                              )

                            	 	
                              /s/
      Paul A. Bragg

                            	 
	
                              for
      and on behalf of

                            	
                              )

                            	 	
                              Authorised
      Signatory

                            	 
	
                              VANTAGE
      DEEPWATER COMPANY

                            	
                              )

                            	 	 
      	 
	 
      	 
      	 	 
      	 
	
                              SIGNED
      and DELIVERED

                            	
                              )

                            	 	 
      	 
	
                              as
      a DEED

                            	
                              )

                            	 	 
      	 
	
                              by Hsin
      Chi Su

                            	
                              )

                            	 	
                              

                                /s/
      Hsin Chi Su

                              

                            	 
	
                              for
      and on behalf of

                            	
                              )

                            	 	
                              Authorised
      Signatory

                            	 
	
                              F3
      CAPITAL

                            	
                              )

                            	 	 
      	 

                    

                  

                

              

            

          

        

      

    

     

     

    6Unassociated Document

    Exhibit
4.1

    AMENDMENT
NO. 4

    to

    RIGHTS
AGREEMENT

    between

    

    BEACON
POWER CORPORATION

    and

    COMPUTERSHARE
TRUST COMPANY, N.A. (fka EQUISERVE TRUST COMPANY, N.A.)

    

    Dated as
of February 18, 2009

    

    This
AMENDMENT NO. 4, dated as of February 18, 2009 to Rights Agreement, dated as of
September 25, 2002, as previously amended by Amendment No. 1 dated as of
December 27, 2002, Amendment No. 2 dated as of August 8, 2007 and Amendment No.
3 dated as of October 24, 2007 (as amended, the “Rights Agreement”),
is between Beacon Power Corporation, a Delaware corporation (the “Company”), and
Computershare Trust Company, N.A. (fka EquiServe Trust Company, N.A.), as
Rights Agent (the “Rights
Agent”).  Capitalized terms used but not defined herein have
the meanings ascribed to such terms in the Rights Agreement.

    

    WHEREAS,
the Board of Directors of the Company (the “Board”) has resolved
to remove the exception allowing The Quercus Trust and Persons who are
Beneficial Owners through it to have a beneficial ownership percentage of up to
20%; and

    

    WHEREAS
the Board has resolved to exclude from the beneficial ownership of Seaside 88,
LP, a Florida limited partnership (“Seaside”) the shares it has a right to
acquire (but not shares that it has actually acquired) pursuant to that certain
Common Stock Purchase Agreement dated as of February 19, 2009 between Seaside
and the Company;

     

    

    NOW
THEREFORE, in consideration of the premises and mutual agreements contained
herein, the parties hereto pursuant to Section 27 of the Rights Agreement agree
as follows:

    

    
      	
              1.

            	
              Amendments. The
      Rights Agreement is amended as
follows:

            

    

    

    
      	 
      	
              1.1

            	
              Section
      1(a) is amended and restated in its entirety to read as
      follows:

            

    

    

    “(a)
“Acquiring Person” shall mean any Person who or which, together with all
Affiliates and Associates of such Person, shall be the Beneficial Owner of 15%
or more of the Common Shares of the Company, but shall not include (i) the
Company, any Subsidiary of the Company, any employee benefit or compensation
plan of the Company or of any Subsidiary of the Company, or any Person holding
Common Shares for or pursuant to the terms of any such plan (each, an “Exempt
Person”), (ii) any such Person who has become and is the Beneficial Owner of 15%
or more of the Common Shares of the Company solely as a result of (A) the
acquisition by such Person or one or more of its Affiliates or Associates of
Beneficial Ownership of additional Common Shares if such acquisition was made in
the good faith belief that such acquisition would not (x) cause the Beneficial
Ownership by such Person, together with its Affiliates and Associates, to be 15%
or more of the Common Shares of the Company outstanding at the time of such
acquisition and such good faith belief was based on the good faith reliance on
information contained in publicly filed reports or documents of the Company that
are inaccurate or out-of-date or (y) otherwise cause a Distribution Date or the
adjustment provided for in Section 11(a) to occur or (B) the acquisition by such
Person or one or more of its Affiliates or Associates of Beneficial Ownership of
additional Common Shares of the Company if the Board of Directors determines
that such acquisition was made in good faith without the knowledge by such
Person or Affiliates or Associates that such Person would thereby become an
Acquiring Person, which determination of the Board of Directors shall be
conclusive and binding on such Person, the Rights Agent, the holders of the
Rights and all other Persons or (iii) any such Person who has become and is the
Beneficial Owner of 15% or more of the Common Shares of the Company solely as a
result of the operation of part (iii) of the definition of Beneficial Ownership
if, in the sole opinion of the Directors, the agreement, arrangement or
understanding that gives rise to the Beneficial Ownership was already extant on
the date hereof, provided that Beneficial Ownership of no more than 5% of the
Common Shares of the Company has been acquired by the parties to such agreement,
arrangement or understanding in the aggregate after the date hereof.
Notwithstanding the foregoing, if any Person that is not an Acquiring Person due
to (ii)(A) or (ii)(B) of the prior sentence does not reduce its percentage of
Beneficial Ownership of Common Shares of the Company to less than 15% by the
Close of Business on the tenth calendar day after notice from the Company (the
date of notice being the first day) that such Person's Beneficial Ownership of
Common Shares would make it an Acquiring Person, such Person shall, at the end
of such ten calendar day period, become an Acquiring Person (and such clause
(ii)(A) or (ii)(B) shall no longer apply to such Person). For purposes of this
definition, the determination whether any Person acted in “good faith” shall be
conclusively determined by the Board of Directors. Notwithstanding anything in
this definition of Acquiring Person to the contrary, no Person shall become an
“Acquiring Person” as the result of an acquisition of Common Shares by the
Company which, by reducing the number of shares outstanding, increases the
proportionate number of shares beneficially owned by such Person to
15%  or more of the Common Shares of the Company; provided, however,
that if a Person shall become the Beneficial Owner of 15% or more of the Common
Shares of the Company by reason of share acquisitions by the Company and shall,
after such share acquisitions by the Company, become the Beneficial owner of any
additional Common Shares of the Company (other than pursuant to a dividend or
distribution paid or made by the Company on the outstanding Common Shares or
pursuant to a split or subdivision of the outstanding Common Shares), then such
Person shall be deemed to be an “Acquiring Person” unless upon becoming the
Beneficial Owner of such additional Common Shares such Person does not
beneficially own 15% or more of the Common Shares.”

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

     

    
      	 
      	
              1.2

            	
              Paragraph
      (ii) of Section 1(d) (whose preamble is “(d) A Person shall be deemed the
      “Beneficial Owner” of, a Person’s “Beneficial Ownership” shall include and
      a Person shall be deemed to “beneficially own” any securities:”) is
      amended and restated in its entirety to read as
  follows:

            

    

    

    “(ii)
which such Person or any of such Person's Affiliates or Associates has (1) the
right to acquire (whether such right is exercisable immediately or only after
the passage of time) pursuant to any agreement, arrangement or understanding
(other than customary agreements with and between underwriters and selling group
member with respect to a bona fide public offering of securities), or upon the
exercise of conversion rights, exchange rights, rights (other than these
Rights), warrants or options, or otherwise; provided, however, that a Person
shall not be deemed the Beneficial Owner of, or to beneficially own, (x)
securities tendered pursuant to a tender or exchange offer made by or on behalf
of such Person or any of such Person's Affiliates or Associates until such
tendered securities are accepted for purchase or exchange or (y) securities
which might be otherwise be acquired through exercise of a warrant but for a
limitation in such warrant or elsewhere that limits exercise to those securities
that would not (when added to those otherwise beneficially owned) cause the
holder to become an Acquiring Person; and provided further that Seaside 88, LP
shall not pursuant to this paragraph (ii) (but without prejudice to paragraph
(i)) be deemed the Beneficial Owner of, or to beneficially own, common stock of
the Company that it is entitled to acquire pursuant to that certain Common Stock
Purchase Agreement dated as of February 19, 2009, between it and the Company ;
or (2) the right to vote, or the right to direct the vote, pursuant to any
agreement, arrangement or understanding; provided, however, that a Person shall
not be deemed the Beneficial Owner of, or to beneficially own, any security, if
the agreement, arrangement or understanding to vote, or direct the vote of, such
security (x) arises solely from a revocable proxy or consent given to such
Person in response to a public proxy or consent solicitation made pursuant to,
and in accordance with, the applicable rules and regulations promulgated under
the Exchange Act and (y) is not also then reportable on Schedule 13D under the
Exchange Act (or any comparable or successor report); or”

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	 
      	
              1.3

            	
              The
      second full paragraph of Exhibit C (Summary of Rights to Purchase
      Preferred Shares) is amended to delete the references to the Quercus
      Owners, and then restated in its entirety as
  follows:

            

    

    

    “Until
the earlier to occur of (i) 10 days following a public announcement that a
person or group of affiliated or associated persons (with certain exceptions, an
“Acquiring Person”) have acquired  beneficial  ownership of
15% or more of the outstanding Common Shares or (ii) such date, if any, as may
be designated by the Board of Directors of the Company following the
commencement of, or first public disclosure of an intention to commence, a
tender or exchange offer for outstanding Common  Shares which could
result in such person or group becoming the beneficial owner of more than 15% of
the outstanding Common  Shares (the earlier of such dates being the
“Distribution Date”), the Rights will not be represented by a separate
certificate, and will not be transferable apart from the Common Stock, but will
instead be evidenced, (i) with respect  to any of the shares of Common
Stock held in uncertificated book-entry form (a “Book-Entry”) outstanding as of
the Record Date, by such Book-Entry and (ii) with respect to the shares of
Common Stock evidenced by Common Stock certificates outstanding as of the Record
Date, by such Common Stock certificates, together with a copy of this Summary of
Rights.”

     

    
      	
              2.

            	
              Miscellaneous.

            

    

    

    
      	 
      	
              2.1

            	
              No Further
      Amendments. Except as specifically amended hereby, the Rights
      Agreement shall remain unmodified and in full force and effect, and the
      Rights Agreement is hereby ratified and affirmed in all
      respects.

            

    

    

    
      	 
      	
              2.2

            	
              Governing Law.
      This Amendment No. 4 shall be governed by and construed in accordance with
      the laws of the State of Delaware.

            

    

     

    
      	 
      	
              2.3

            	
              Counterparts.
      This Amendment No. 4 may be executed in any number of counterparts and
      each of such counterparts shall for all purposes be deemed to be an
      original, and all such counterparts shall together constitute but one and
      the same instrument.

            

    

    

    

    [remainder
of page intentionally left blank]

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    IN
WITNESS WHEREOF, the parties hereto have caused this Amendment No. 4 to be duly
executed and delivered on February 19, 2009.

     

    
      	 
      	 
      	 
      
	 
      	
              BEACON
      POWER CORPORATION

            
	 
      	 
      	 
      
	 
      	
              By:  

            	 
      
	 
      	
              /s/ James M. Spiezio

            
	 	      
              Name:
      James M. Spiezio

            
	 
      	
              Title:
      Chief Financial Officer

            

    

     

    
      	 
      	 
      	 
      
	 
      	
              COMPUTERSHARE
      TRUST COMPANY, N.A. 

              (fka
      EQUISERVE TRUST COMPANY, N.A.)

            
	 
      	 
      	 
      
	 
      	
              By:  

            	 
      
	 
      	
              /s/ Dennis Moccia 

            
	 	      
              Name:
      Dennis Moccia

            
	 
      	
              Title:
      Manager, Contract Administration

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00153-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00153-of-00352.parquet"}]]