Document:

EXHIBIT 10.1
                                                                    ------------

              WAIVER AND AMENDMENT TO SECURITIES PURCHASE AGREEMENT

     WAIVER, dated as of January 17, 2006 (the "Waiver"), to the Securities
Purchase Agreement dated as of December 28, 2005 (the "SPA"), by and among
CDKNET.CON, INC., a Delaware corporation (the "Company"), and the purchasers
signatory hereto (each such purchaser is a "Purchaser" and collectively, the
"Purchasers").

                                    RECITALS

     The Company has requested and the Purchasers have agreed, subject to the
terms and conditions of this Waiver, to waive compliance with Section 3.1(g) of
the SPA and make related amendments to the SPA as hereinafter set forth.

     Accordingly, in consideration of the premises and of the mutual covenants
and agreements hereinafter set forth, the parties hereto agree as follows:

     1. Waiver. Compliance by the Company with Section 3.1(g) of the SPA and
Section 8 (a)(xiii) of the Debentures is hereby waived solely as the result of
failure of the Company to convert an aggregate of $746,600 principal and related
interest into shares of the Company's Common Stock at or above $0.67 per share;
provided, however, that the such debt will be converted (or redeemed in cash to
the satisfaction of the Purchasers) into shares of the Company's Commons Stock
at or above $0.67 per share on or before January 27, 2006. If the Company fails
to convert such debt (or redeem to the satisfaction of the Purchasers) into
shares of the Company's Common Stock at or above $0.67 per share on or before
January 27, 2006 an Event of Default shall have been deemed to have occurred
under the Debentures.

     2. Exempt Issuance. The definition of "Exempt Issuance" set forth in
Section 1.1 of the SPA is amended to strike the words and numbers "January 15,
2006" and replace them with "January 27, 2006" and to replace, in each and every
occurrence in the Transaction Documents of the numbers and symbols "$746,600"
with the numbers and symbols "$1,060,228.89."

     3. Miscellaneous.

     THIS WAIVER SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS
OF THE STATE OF NEW YORK WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW.

     All capitalized terms used herein shall have the same meanings as in the
SPA unless specifically defined herein.

     This Waiver shall constitute a Transaction Document.

     Except as expressly waived and amended hereby, the SPA shall remain in full
force and effect in accordance with the terms thereof. As amended hereby, the
SPA is ratified and confirmed in all respects. This Waiver is limited
specifically to the matters set forth above and does not constitute directly or
by implication an amendment or waiver of any other provisions of the SPA or any
Event of Default or default which may occur or may have occurred under the SPA..

                                  Page 1 of 3
<PAGE>

     This Waiver may be executed in one or more counterparts, each of which
shall constitute an original, but all of which, when taken together, shall
constitute but one Waiver.

                            [SIGNATURE PAGE FOLLOWS]

                                  Page 2 of 3
<PAGE>

CDKNET.COM, INC                               BUSHIDO CAPITAL MASTER FUND, L.P.

                                              By: Bushido Capital Partners, Ltd.

By: /s/ Oleg Logvinov                         By: /s/ Chris Rossman
   -------------------------------                  ----------------------------
      Oleg Logvinov,                                Chris Rossman.,
      Chief Executive Officer                        Managing Director

GAMMA OPPORTUNITIES CAPITAL                   GAMMA OPPORTUNITIES CAPITAL
PARTNERS, LP CLASS A                          PARTNERS, LP CLASS C

By: /s/ Johnathan P. Knight                   By: /s/ Johnathan P. Knight
   -------------------------------                  ----------------------------
       Johnathan P. Knight,                          Johnathan P. Knight,
       President/Director                            President/Director

                                  Page 3 of 3Exhibit 4.3

 

Form of Common Stock Certificate

 

NUMBER

 

BPC

 

BEACON POWER -TM-

 

BEACON POWER CORPORATION

THIS CERTIFICATE IS TRANSFERABLE IN CANTON, MA, JERSEY CITY, NJ

OR NEW YORK, NY

 

INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE

 

SHARES

 

COMMON STOCK

$ .01 PAR VALUE

 

CUSIP 073677 10 6

 

THIS CERTIFIES THAT

 

IS THE OWNER OF

 

FULLY PAID AND NON-ASSESSABLE SHARES, $ .01 PAR VALUE, OF THE COMMON STOCK OF

 

BEACON POWER CORPORATION TRANSFERABLE ON THE BOOKS OF THE CORPORATION IN PERSON OR BY ATTORNEY UPON SURRENDER OF THIS CERTIFICATE PROPERLY ENDORSED.  THIS CERTIFICATE AND THE SHARES REPRESENTED HEREBY ARE SUBJECT TO THE LAWS OF THE STATE OF DELAWARE AND TO THE CERTIFICATE OF INCORPORATION AND THE BY-LAWS OF THE CORPORATION AS FROM TIME TO TIME AMENDED.

 

THIS CERTIFICATE IS NOT VALID UNTIL COUNTERSIGNED AND REGISTERED BY THE TRANSFER AGENT AND REGISTRAR.

 

IN WITNESS WHEREOF, BEACON POWER CORPORATION HAS CAUSED ITS FACSIMILE CORPORATE SEAL AND THE FACSIMILE SIGNATURES OF ITS DULY AUTHORIZED OFFICERS TO BE HEREUNTO AFFIXED.

 

DATED:

 

 

Secretary

Beacon Power Corporation

CORPORATE

SEAL

1997

DELAWARE

 

 

 

 

 

PRESIDENT

 

SEE REVERSE FOR CERTAIN DEFINITIONS

 

COUNTERSIGNED AND REGISTERED:

 

EQUISERVE TRUST COMPANY, N.A.

 

TRANSFER AGENT AND REGISTRAR

 

BY

 

 

AUTHORIZED SIGNATURE

 

 

 

BEACON POWER CORPORATION

 

THE CORPORATION IS AUTHORIZED TO ISSUE MORE THAN ONE CLASS OF STOCK.  THE CORPORATION WILL FURNISH WITHOUT CHARGE TO EACH STOCKHOLDER WHO SO REQUESTS A COPY OF THE POWERS, DESIGNATIONS, PREFERENCES AND RELATIVE RIGHTS OF THE SHARES OF EACH OUTSTANDING CLASS OF STOCK OR SERIES THEREOF OF THE CORPORATION, AND THE QUALIFICATIONS, LIMITATIONS OR RESTRICTIONS OF SUCH PREFERENCES AND/OR RIGHTS.

 

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

TEN ENT - as tenants by the entireties

JT TEN - as joint tenants with right of survivorship and not as tenants in common

 

	
            UNIF GIFT MIN ACT - ________
 	
            Custodian ________
 
	
             
	
            (Cust)
 	
            (Minor)
 	
             

					

 

under Uniform Gifts to Minors

	
            Act
 	
            ________
 
	
             
	
            (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

	
            (box)
 

 

 

	
            PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS 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 GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE 17Ad-15.

 

This certificate also evidences and entitles the holder hereof to certain rights as set forth in a Rights Agreement between Beacon Power Corporation and EquiServe Trust Company, N.A., dated as of September 25, 2002, as amended from time to time (the “Rights Agreement”), the terms of which are hereby incorporated herein by reference and a copy of which is on file at the principal executive offices of Beacon Power Corporation.  Under certain circumstances, as set forth in the Rights Agreement, such Rights will be evidenced by separate certificates and will no longer be evidenced by this certificate.  Beacon Power Corporation will mail to the holder of this certificate a copy of the Rights Agreement without charge after receipt of a written request therefor.  Under certain circumstances, as set forth in the Rights Agreement, Rights owned by or transferred to any Person who is or becomes as Acquiring
Person (as defined in the Rights Agreement) and certain transferees thereof will become null and void and will no longer be transferable.Exhibit 4.3

 

Form of Common Stock Certificate

 

NUMBER

 

BPC

 

BEACON POWER -TM-

 

BEACON POWER CORPORATION

THIS CERTIFICATE IS TRANSFERABLE IN CANTON, MA, JERSEY CITY, NJ

OR NEW YORK, NY

 

INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE

 

SHARES

 

COMMON STOCK

$ .01 PAR VALUE

 

CUSIP 073677 10 6

 

THIS CERTIFIES THAT

 

IS THE OWNER OF

 

FULLY PAID AND NON-ASSESSABLE SHARES, $ .01 PAR VALUE, OF THE COMMON STOCK OF

 

BEACON POWER CORPORATION TRANSFERABLE ON THE BOOKS OF THE CORPORATION IN PERSON OR BY ATTORNEY UPON SURRENDER OF THIS CERTIFICATE PROPERLY ENDORSED.  THIS CERTIFICATE AND THE SHARES REPRESENTED HEREBY ARE SUBJECT TO THE LAWS OF THE STATE OF DELAWARE AND TO THE CERTIFICATE OF INCORPORATION AND THE BY-LAWS OF THE CORPORATION AS FROM TIME TO TIME AMENDED.

 

THIS CERTIFICATE IS NOT VALID UNTIL COUNTERSIGNED AND REGISTERED BY THE TRANSFER AGENT AND REGISTRAR.

 

IN WITNESS WHEREOF, BEACON POWER CORPORATION HAS CAUSED ITS FACSIMILE CORPORATE SEAL AND THE FACSIMILE SIGNATURES OF ITS DULY AUTHORIZED OFFICERS TO BE HEREUNTO AFFIXED.

 

DATED:

 

 

Secretary

Beacon Power Corporation

CORPORATE

SEAL

1997

DELAWARE

 

 

 

 

 

PRESIDENT

 

SEE REVERSE FOR CERTAIN DEFINITIONS

 

COUNTERSIGNED AND REGISTERED:

 

EQUISERVE TRUST COMPANY, N.A.

 

TRANSFER AGENT AND REGISTRAR

 

BY

 

 

AUTHORIZED SIGNATURE

 

	
            - 2 -
 

 

 

 

BEACON POWER CORPORATION

 

THE CORPORATION IS AUTHORIZED TO ISSUE MORE THAN ONE CLASS OF STOCK.  THE CORPORATION WILL FURNISH WITHOUT CHARGE TO EACH STOCKHOLDER WHO SO REQUESTS A COPY OF THE POWERS, DESIGNATIONS, PREFERENCES AND RELATIVE RIGHTS OF THE SHARES OF EACH OUTSTANDING CLASS OF STOCK OR SERIES THEREOF OF THE CORPORATION, AND THE QUALIFICATIONS, LIMITATIONS OR RESTRICTIONS OF SUCH PREFERENCES AND/OR RIGHTS.

 

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

TEN ENT - as tenants by the entireties

JT TEN - as joint tenants with right of survivorship and not as tenants in common

 

	
            UNIF GIFT MIN ACT - ________
 	
            Custodian ________
 
	
             
	
            (Cust)
 	
            (Minor)
 	
             

					

 

under Uniform Gifts to Minors

	
            Act
 	
            ________
 
	
             
	
            (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

	
            (box)
 

 

 

	
            PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS 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 

 

	
            - 3 -
 

 

 

IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE 17Ad-15.

 

This certificate also evidences and entitles the holder hereof to certain rights as set forth in a Rights Agreement between Beacon Power Corporation and EquiServe Trust Company, N.A., dated as of September 25, 2002, as amended from time to time (the “Rights Agreement”), the terms of which are hereby incorporated herein by reference and a copy of which is on file at the principal executive offices of Beacon Power Corporation.  Under certain circumstances, as set forth in the Rights Agreement, such Rights will be evidenced by separate certificates and will no longer be evidenced by this certificate.  Beacon Power Corporation will mail to the holder of this certificate a copy of the Rights Agreement without charge after receipt of a written request therefor.  Under certain circumstances, as set forth in the Rights Agreement, Rights owned by or transferred to any Person who is or becomes as Acquiring
Person (as defined in the Rights Agreement) and certain transferees thereof will become null and void and will no longer be transferable.

 

 

	
            - 4 -

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