Document:

EXHIBIT 4.4

	
  NUMBER

  ES

  	
   

  	
  [EASYLINK
  SERVICES LOGO]

  	
   

  	
  SHARES

  
	
  EasyLink
  Services International Corporation

  INCORPORATED
  UNDER THE LAWS OF THE STATE OF DELAWARE

  
	
  CLASS A
  COMMON STOCK

  	
   

  	
   

  	
   

  	
  CLASS A
  COMMON STOCK

  CUSIP 277858 10 6

  SEE REVERSE FOR CERTAIN

  DEFINITIONS

  
									

 

 

THIS CERTIFIES THAT

 

 

 

is the owner of

 

FULLY PAID AND NON-ASSESSABLE
SHARES OF THE CLASS A COMMON STOCK, $0.01 PAR VALUE PER

SHARE, OF

 

EasyLink Services International Corporation

 

transferable only on the books of the Corporation by
the holder hereof in person or by duly authorized Attorney upon surrender of
this Certificate properly endorsed.

This Certificate is not valid until countersigned and
registered by the Transfer Agent and Registrar.

In Witness Whereof, the said Corporation has caused
this Certificate to be signed by its duly authorized officers and to be sealed
with the Seal of Corporation.

Dated:

	
  /s/ THOMAS J. STALLINGS

  	
   

  	
  [SEAL]

  	
   

  	
  /s/ GLEN SHIPLEY

  
	
  CHIEF EXECUTIVE
  OFFICER

  	
   

  	
   

  	
   

  	
  SECRETARY

  

 

	
   

  	
  COUNTERSIGNED AND
  REGISTERED: o AMERICAN
  STOCK TRANSFER & TRUST COMPANY

  (NEW YORK, N.Y.) o TRANSFER
  AGENT AND REGISTRAR

  
	
   

  	
   

  
	
   

  	
  BY

  	
  /s/

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  AUTHORIZED SIGNATURE

  

 

EasyLink
Services International Corporation

 

THE CORPORATION WILL FURNISH WITHOUT CHARGE TO EACH
STOCKHOLDER WHO SO REQUESTS THE POWERS, DESIGNATIONS, PREFERENCES AND RELATIVE
PARTICIPATING, OPTIONAL OR OTHER SPECIAL RIGHTS OF EACH CLASS OF STOCK OR
SERIES THEREOF OF THE CORPORATION AND THE QUALIFICATIONS, LIMITATIONS OR
RESTRICTIONS OF SUCH PREFERENCES AND/OR RIGHTS. SUCH REQUEST MAY BE MADE TO THE
OFFICE OF THE SECRETARY OF THE CORPORATION.

 

KEEP THIS CERTIFICATE IN A SAFE PLACE. IF IT IS
LOST, STOLEN OR DESTROYED THE CORPORATION WILL REQUIRE A BOND OF INDEMNITY AS A
CONDITION TO THE ISSUANCE OF A REPLACEMENT CERTIFICATE.

 

The following abbreviations, when used in the
inscription on the face of this Certificate, shall be construed as though they
were written out in full according to applicable laws or regulations:

 

	
  TEN COM

  	
  —

  	
  as tenants in common

  	
   

  	
  UNIF GIFT MIN
  ACT—

  	
   

  	
  Custodian

  
	
  TEN ENT

  	
  —

  	
  as tenants by the entireties

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  JT TEN

  	
  —

  	
  as joint tenants with right

  	
   

  	
   

  	
   

  	
  (Cust)

  	
   

  	
   

  	
   

  	
  (Minor)

  
	
   

  	
   

  	
  of survivorship and not as

  	
   

  	
   

  	
   

  	
  under Uniform
  Gifts to Minors Act

  
	
   

  	
   

  	
  tenants in common

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  (State)

  	
   

  	
   

  

 

Additional
abbreviations may also be used though not in the above list.

 

 

 

 

 

For value received,                          hereby sell,
assign and transfer unto

 

PLEASE INSERT SOCIAL SECURITY OR
OTHER

IDENTIFYING NUMBER OF ASSIGNEE

 

PLEASE PRINT OR
TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE OF ASSIGNEE.

 

	
  

  	
   

  	
  Shares

  
	
  of the capital stock represented by the within
  Certificate, and do hereby irrevocably constitute and appoint

  	
   

  	
   

  
	
   

  	
   

  	
  Attorney

  
	
  to transfer the said stock on the books of the
  within named Corporation with full power of substitution in the premises.

  
	
   

  

Dated:

 

	
  NOTICE:

  	
   

  	
  THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND
  WITH THE NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY
  PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATEVER.

  
	
  SIGNATURE(S) GUARANTEED:

  	
   

  	
   

  
	
   

  	
   

  	
  THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE
  GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND
  CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE MEDALLION PROGRAM),
  PURSUANT TO S.E.C. RULE 174d-15.Exhibit 10.1

KEY
EMPLOYEE AGREEMENT

September 13, 2007

To:          Mr. David
E. O’Neil

251 Willow Gate Rise

Holliston, MA
01746

This Key Employee
Agreement, is entered into between SatCon Technology Corporation, a Delaware
corporation with its principle place of business at 27 Drydock Avenue, Boston,
MA (the ‘Company’) and David E. O’Neil, its Vice President of Finance and
Treasurer who resides at 251 Willow Gate Rise, Holliston MA, 01746 (the ‘Employee’).

1.     Position and
Responsibilities.

1.1   You shall serve as Vice
President of Finance and Treasurer for the Company, (or in such other executive
capacity as shall be designated by the Board of Directors and reasonably
acceptable to you) and shall perform the duties customarily associated with
such capacity from time to time and at such place or places as the Company
shall designate are appropriate and necessary in connection with such
employment.

1.2   You will, to the best of your
ability, devote your full time and best efforts to the performance of your
duties hereunder and the business and affairs of the Company.  You agree to perform such executive duties as
may be assigned to you from time to time by or on the authority of the Company’s
Board of Directors or of a person so designated by the Company’s Board of
Directors.

1.3   You will dutifully, punctually
and faithfully perform and observe any and all rules and regulations, which the
Company may now or shall hereafter establish governing the conduct of its
business.

2      Term
of Employment.

2.1   This Agreement shall be automatically
renewed annually, unless you or the Company shall give the other party not less
than three (3) months written notice of non-renewal.  Your employment with the Company may be
terminated at any time as provided in Section 2.2

2.2   The Company shall have the
right, on written notice to you, to terminate your employment:

(a)    immediately at any time for
cause; or

 1
 

(b)    in the event that your
employment is terminated without cause during the term of this Agreement or any
extension thereof (without your consent) or your Base Salary is reduced
(without your consent) or there is a substantial change in your position, title
or authority within the Company (without your consent) or there is a change of
your principal place of employment from the greater Boston, Massachusetts area
(without your consent), or this Key Employee Agreement is not renewed (without
your consent), then you shall receive in full an amount equal to 100% of your
Base Salary immediately preceding such event, payable in 26 equal installments
in accordance with the Company’s payroll policies.  You will be entitled to participate in all
health and dental benefit programs that the Company establishes and makes
available to its employees, at the prevailing employee rates for one year from
your termination date.  Other benefits of
life insurance and long-term disability will cease upon termination.  Unvested stock options shall vest upon
termination and you will have two (2) years beyond the termination date to
exercise stock options previously granted. 

2.3   For purposes of Section 2.2,
the term ‘cause’ shall mean that one of the following has occurred, as
determined by the Board of Directors of the Company acting in good faith: (i)
the falseness of any warranty or representation by you herein or the willful
breach or habitual neglect of your obligations under this Agreement or your
duties as an employee of the Company,(ii) your conviction of, or your entry of
a pleading of guilty or no contest with respect to, a felony or any lesser
crime of which fraud or dishonesty is a material element; (ii) your willful
dishonesty towards the Company; (iii) your knowing and intentional failure
to comply with applicable laws with respect to the execution of the Company’s
business operations or his material breach of this Agreement; (v) your
engagement in any act of theft, fraud, embezzlement, dishonesty, moral
turpitude, sexual harassment or similar conduct which has resulted or is likely
to result in material damage to the Company or any of its affiliates or subsidiaries;
your habitual intoxication or continued abuse of illegal drugs which materially
interferes with your ability to perform your assigned duties and
responsibilities; or (vii) your breach of any material term of this Agreement.

3      Compensation
and Benefits.  You shall receive the
compensation and benefits set forth below:

3.1   Base Salary.  Your Base Salary shall be $195,780.00 per
annum, payable in accordance with the Company’s payroll policies.  Such salary shall be subject to adjustment
thereafter as determined by the Company’s Board of Directors.

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3.2   Bonus.  You may also receive an annual bonus, the
awarding and the amount of which shall be determined by the Company’s Board of
Directors in its sole discretion.

3.3   Vacation.  You shall be entitled to all legal holidays,
and four (4) weeks paid vacation per annum.

3.4   Insurance and Other Benefits.  You shall be eligible for participation in
any health or other group insurance plan which may be established by the
Company or which the Company is required to maintain by law.  You shall receive such other benefits as the
Company may from time to time provide to its employees.

4      Other Activities During
Employment. You will not during the term of this Agreement undertake or
engage in any other employment, occupation or business enterprise other than
one in which you are an inactive investor.

5      Confidentiality.

5.1   You agree to keep confidential,
except as the Company may otherwise consent in writing, and, except for the
Company’s benefit, not to disclose or make any use of at any time either during
or subsequent to may employment, any Inventions (as hereinafter defined), trade
secrets, confidential information, knowledge, data or other information of the
Company and/or its subsidiaries relating to products, processes, know-how,
designs, formulas, test data, customer lists, business plans, marketing plans
and strategies, pricing strategies, or other subject matter pertaining to any
business of the Company or any of its subsidiaries, which you may produce, obtain,
or otherwise acquire during the course of your employment, except as herein
provided.  You further agree not to
deliver, reproduce or in any way allow any such trade secrets, confidential
information, knowledge, data or other information, or any documentation
relating thereto, to be delivered to or used by any third parties without
specific direction or consent of a duly authorized representative of the
Company.

5.2   In the event your employment
with the Company terminates for any reason whatsoever, you agree to promptly
surrender and deliver to the Company all records, materials, equipment,
drawings, documents and data of which you may obtain or produce during the
course of your employment, and you will not take with you any descriptions
containing or pertaining to any confidential information, knowledge or data of
the Company and/or its subsidiaries which you may produce or obtain during the
course of your employment.

6      Proprietary Information
and Inventions.  You agree to
execute, deliver and be bound by the provisions of the Company’s Proprietary
Information and Inventions Agreement. 

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7      Post-Employment
Activities.

7.1   For a period of one (1) year
after the termination or expiration, for any reason, of your employment with
the Company, absent the Company’s prior written approval, you will not directly
or indirectly engage in activities similar or reasonably related to those in
which you shall have engaged hereunder during the two years immediately
preceding termination or expiration, nor render services similar or reasonably
related to those which you shall have rendered hereunder during such two years
to or for any person or entity whether now existing or hereafter established,
which directly competes with (or proposes or plans to directly compete with) the
Company and/or any of its subsidiaries (‘Direct Competitor’) in any line of
business engaged in or under development by the Company and/or any of its
subsidiaries, nor shall you entice, induce or encourage any of the Company’s
other employees to engage in any activity which, were it done by you, would
violate any provision of the Company’s Proprietary Information and Inventions
Agreement or this Section 7.  

7.2   No provisions of this Agreement
shall be construed to preclude you from performing the same services which the
Company hereby retains you to perform for any person or entity which is not a
Direct Competitor of the Company and/or any of its subsidiaries upon the
expiration or termination of your employment (or any post-employment
consultation) so long as you do not thereby violate any term of the Company’s
Proprietary Information and Inventions Agreement.

8      Remedies.   Your obligations under the Proprietary
Information and Inventions Agreement and the provisions of Sections 6,7,8 and 9
of the Agreement (as modified by Section 10, if applicable) shall survive the
expiration or termination of your employment (whether through your resignation
or otherwise) with the Company.  You
acknowledge that a remedy at law for any breach or threatened breach by you of
the provisions of the Proprietary Information and Inventions Agreement or
Section 7 would be inadequate and you therefore agree that the Company shall be
entitled to injunctive relief in case of any such breach or threatened breach.

9      Assignment.  This Agreement and the rights and obligations
of the parties hereto shall bind and inure to the benefit of any successor or
successors of the Company by reorganization, merger or consolidation and any
assignee of all or substantially all of its business and properties, but,
except as to any such successor or assignee of the Company, neither this
Agreement nor any rights or benefits hereunder may be assigned by the Company
or by you, except by operation of law.

10    Interpretation.  IT IS THE INTENT OF THE PARTIES THAT in case
any one or more of the provisions contained in this Agreement shall, for any
reason, be held to be invalid, illegal or unenforceable in any respect, such
invalidity, illegality or unenforceability shall not affect the other
provisions of this Agreement, and this Agreement shall be construed as if such
invalid, illegal or unenforceable provision 

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had never been contained
herein.  MOREOVER, IT IS THE INTENT OF
THE PARTIES THAT in case any one or more of the provisions contained in this
Agreement shall for any reason be held to be excessively broad as to duration,
geographical scope, activity or subject, such provision shall be construed by
limiting and reducing it as determined by a court of competent jurisdiction, so
as to be enforceable to the extent compatible with applicable law.

11    Notices.  Any notice which the Company is required to
or may desire to give you shall be given by personal delivery or registered or
certified mail, return receipt requested, addressed to you at your address of
record with the Company, or at such other place as you may from time to time
designate in writing.  Any notice which
you are required or may desire to give to the Company hereunder shall be given
by personal delivery or by registered or certified mail, return receipt
requested, addressed to the Company at its principal office, or at such other
office as the Company may from time to time designate in writing.  The date of personal delivery or the date of
mailing of any notice under this Section 11 shall be deemed to be the date of
delivery thereof.  

12    Waivers.  If either party should waive any breach of
any provision of this Agreement, such party shall not thereby be deemed to have
waived any preceding or succeeding breach of the same or any other provision of
this Agreement. 

13    Complete Agreement;
Amendments.  The foregoing is the
entire agreement of the parties with respect to the subject matter hereof,
superseding any previous oral or written communications, representations,
understanding, or agreements with the Company or any officer or representative
thereof.  Any amendment to this Agreement
or waiver by the Company of any right hereunder shall be effective only if
evidenced by a written instrument executed by the parties hereto, upon
authorization of the Company’s Board of Directors.  

14    Headings.  The heading of the Sections hereof are
inserted for convenience only and shall not be deemed to constitute a part
hereof nor to affect the meaning of this Agreement.  

15    Counterparts.  This Agreement may be signed in two
counterparts, each of which shall be deemed an original and both of which shall
together constitute one agreement.  

16    Governing Law.  This Agreement shall be governed by and
construed under Massachusetts law (without regard to its conflict of law
principles).  The parties hereto hereby
irrevocably submit to the exclusive jurisdiction of the state and federal
courts sitting in Boston, Massachusetts for the resolution of any disputes
arising hereunder.

 5
 

If you are in agreement with the foregoing, please
sign your name below and also at the bottom of the Proprietary Information and
Inventions Agreement, whereupon this Agreement shall become binding in
accordance with its terms.  Please then
return this Agreement to the Company. 
(You may retain for your records the accompanying counterpart of this
Agreement enclosed herewith).

	
   

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
  SATCON
  TECHNOLOGY CORPORATION

  
	
   

  	
   

  
	
   

  	
  By:

  	
       /s/
  David B. Eisenhaure

  	
   

  
	
   

  	
  David B.
  Eisenhaure, President & CEO

  
	
   

  	
   

  
	
   

  	
   

  
	
  Accepted and
  Agreed:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  /s/ David E.
  O’Neil

  	
   

  	
   

  
	
  David E. O’Neil

  	
   

  
					

 

 6

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